Date : 14.11.2006

NAME

LASER SCIENCE SERVICES INDIA PRIVATE LIMITED

REGISTERED OFFICE

28, Mahavir Centre, Sector – 17, Vashi, Navi Mumbai – 400705, Maharashtra, India

Tel. No.: 91-22-27893532

Fax No.: 91-22-27891289

E-mail : laser_science@vsnl.com

Website : http://www.laserscienceindia.com

CORPORATE OFFICE

A – 454, TTC Industrial Area, Mahape, Navi Mumbai – 400701, Maharashtra, India

HISTORY

Subject was incorporated on 1988 as a Sole Proprietory Concern under the name and style of ‘Laser Science’. The name of the concern was changed to ‘Laser Science Services India Private Limited’ on 5^th February, 2004 and obtained a Company Registration Number 11-144383.

The subjects Registered Office was shifted from A454, MIDC, TTC Industrial Estate, Manape, Navi Mumbai to the present address.

CIN No. [Company Identification No.]: U51507MH2004PTC144383

TAN No. [Tax Deduction & Collection Account No.]: MUML05232D

PAN No. [Permanent Account No.]: AAACL9602L

LEGAL FORM

Subject is a Private Limited Liability Company.

DIRECTORS

Mr. Lalit Dharam P. Kumar	Director
Ms. Sudha Lalit Agrawal	Director

PARTICULARS OF CHIEF EXECUTIVE

Name	Mr. Lalit Dharam P. Kumar
Designation	Director
Address	House No. 15, Arinda Co-operative Housing Society, Sector 10, Vashi, Navi Mumbai – 400703, Maharashtra, India
Age	30.03.1956
Date of Joining	05.02.2004

Name	Ms. Sudha Lalit Agrawal
Designation	Director
Address	House No. 15, Arinda Co-operative Housing Society, Sector 10, Vashi, Navi Mumbai – 400703, Maharashtra, India
Age	29.05.1962
Date of Joining	05.02.2004

representatives

Mr. O.E.Jagadesh (Chennai)

Tel.: 91-44-4716039
E-mail: oej_laser@vsnl.net

Mr. Prasanna Krishna (Bangalore)
Tel.: 91-80-3419245
E-mail: pkbhat79@yahoo.com

MAJOR SHAREHOLDERS

Names of Shareholders	No. of Shares
Mr. Lalit Dharam P. Kumar	25000
Ms. Sudha Lalit Agrawal	25000

BUSINESS

Representatives of foreign companies for Laser Systems.

The agencies held by the company are as under :

v Coherent Inc. USA

v Lambda Physic AG

v Roper Scientific

v PCO Computer Optics Gmbh

v Sacher Laser Technical GMBH

v Kimmon Electric Company Limited

v IMRT

v Beam Dynamics

v Euro laser Crystal Techno Limited, Russia

v Ealing Catalos UK

v Laser Physics Inc.

Its major customer is Research Institute.

It is in trade terms with :

v Bhabha Atomic Research Centre

v Indian Institute of Technology

v IISC

v Tata Institute of Fundamental Research

v Centre for Advanced Technology

Website Details

Laser Science is a private company located in Vashi, New Bombay working as a representative for foreign manufacturers in the field of Lasers and Electro- Optics. They enjoy the exclusive representation of more than ten companies from United States and Europe including world Leader Coherent Inc USA. The primary responsibility of Laser Science is to promote the sales of Laser systems in India and provide technical back-up on the sold systems. They have a highly qualified team of sales and service engineers, several of whom are holding B.E., M.Tech and Ph.D degrees.

They have been supplying various kind of laser systems in BARC, CAT, IIT's , IISC, TIFR and many other research institutes for past 14years and built the rapport as a technically sound company advising the customers to select the laser best suited for their scientific and research applications.

At present they have several installations all over India for the most advanced laser systems for research in the field of atomic and molecular physics, "MultiPhoton Excitation of Biological molecules", Optical Communications etc. They have also been supplying laser systems to other premier research centres in India such as Bhabha Atomic Research Centre (BARC- Mumbai), Indian Institute of Science- Bangalore, Centre for Advanced Technology- CAT Indore and all IIT's in India.They have always got benefited with the excellent relationship with scientists at many places in order to learn the new research area and current trends in the field of Laser physics worldwide.

In the field of lasers and electro optics, Laser Science has been able to maintain a market leader position over the years. The market is limited to handful of premier research organization in the country, however the turn-over for the current year has been more than $ 2 million.

Laser Science enjoys exclusive representation of more than 10 leading companies located in USA and Europe, including the world leader Coherent Inc of USA.

Subject employs around 26persons in its set up.

Subject operates from caption owned office premises of area admeasuring 200 sq. ft.

SISTER CONCERNS

Nil

BANKERS

> ICICI Bank Limited, Vashi, Navi Mumbai

> Andhra Bank

FINANCIAL INFORMATION

The company's latest financial information for the period ended 31^st March, 2005 is enclosed herewith.

CAPITAL STRUCTURE

Authorised Capital :
50000	Equity Shares of Rs. 10/- each	Rs. 0.500 million

Issued, Subscribed & Paid-up Capital :
50000	Equity Shares of Rs. 10/- each	Rs. 0.500 million

COMMENTS

Subject is a well established company having satisfactory track. Directors are experienced, respectable and resourceful businessmen. Their trade relations are fair. Financial position is good. Payments are usually correct and as per commitments.

The company can be considered good for any normal business dealings at usual trade terms and conditions.

ABRIDGED BALANCE SHEET AS ON 31^ST March, 2005

[figures are in Rupees Millions]

*SOURCES OF FUNDS*			31.03.2005
SHAREHOLDERS FUNDS
1] Share Capital			0.500
2] Reserves & Surplus			1.285

LOAN FUNDS
1] Secured Loans			0.000
2] Unsecured Loans			0.200

GRAND TOTAL			1.985

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]			4.069
Capital work-in-progress			0.000

INVESTMENTS			0.000

CURRENT ASSETS, LOANS & ADVANCES
Inventories			0.898
Sundry Debtors			1.104
Cash & Bank Balances			0.189
Other Current Assets			0.000
Loans & Advances			0.000
*Total Current Assets*			2.191
Less :
Current Liabilities & Provisions			4.295
*Net Current Assets*			[2.104]

MISCELLANEOUS EXPENSES			0.020

GRAND TOTAL			1.985

IMPORTANT FINANCIAL INFORMATION FOR LAST one PERIODS