Hifunda Investor Cell

Balance Sheet Abstract and Company's General Business Profile

INFORMATION PURSUANT TO PART IV OF SCHEDULE VI OF THE COMPANIES ACT, 1956 (AS AMENDED).

1. REGISTRATION DETAILS:
Registration No. :	89,399	State Code:	21

Balance Sheet Date:	31.03.2001



2. CAPITAL RAISED DURING THE PERIOD: (Amount in Rs. '000s)

Public Issue:	17,086	Rights Issue:	NIL

Bonus Issue:	NIL	Private Placement:	65 850



3. POSITION OF MOBILISATION AND DEVELOPMENT OF FUNDS: (Amount in Rs. '000s)

Total Liabilities:	126,753	Total Assets:	126,753

Sources of Funds

Paid up Capital:	106,621	Reserves & Surplus:	19,999
Secured Loans:	NIL	Unsecured Loans:	NIL
Share Application Money:	NIL

Allocation of Funds

Net Fixed Assets:	51,687	Investments:	34,751
Net Current Assets:	4,554	Misc. Expenditure:	26,528
Accumulated Losses:	9,100



4. PERFORMANCE OF THE COMPANY (Amount in Rs. '000s)

Turnover:	1,146	Total Expenditure:	10,246
Profit/(Loss) Before Tax:	(9,100)	Profit/(Loss) After Tax:	(9,100)
Earning Per Share (in Rs.)	NIL	Dividend Rate (%):	NIL



5. GENERIC NAMES OF THREE PRINCIPAL PRODUCTS/ SERVICES OF THE COMPANY:

PRODUCT DESCRIPTION		ITEM CODE NO.
E COMMERCE		NIL


			For and behalf of the Board
In terms of our of even date annexed
			Sd/-
For RANJEET AGARWAL & ASSOCIATES			VIJAY JAIN
Chartered Accountants			Managing Director

Sd/-			Sd/-
RANJEET KUMAR AGARWAL			SANJAY KUMAR SULTANIA
Proprietor			Director

			Sd/-
Place : Kolkata			VIBHA GUPTA
Date : 7th day of May 2001			Company Secretary

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