kva financials fy 2010-11 - fsg rev1

7/28/2019 KVA Financials FY 2010-11 - FSG Rev1

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Schedules Previous Year

Rupees Rupees Rupees

SOURCE OF FUNDS :

SHAREHOLDERS' FUNDS :

a) Share Capital 1 5,000,000 3,225,600

b) Reserves And Surplus 2 167,525,943 84,264,339

Total Shareholders' Funds 172,525,943 87,489,939

LOAN FUNDS :

Secured Loans 3

Unsecured Loans 4 - 80,000,000

- 80,000,000

Deferred Tax Liability - 839,569

Total Funds Employed 172,525,943 168,329,508

APPLICATION OF FUNDS :

Fixed Assets- 5Gross Block 287,870,880 274,429,028

Less: Depreciation 195,940,382 179,536,180

Net Block 91,930,498 94,892,848

Capital Work-in-Progress 2,809,400 5,137,764

( Including Advances for Capital Expenditure ) 94,739,898 100,030,612

Investments 6 12,880 12,880

Deferred Tax Assets 1,205,307 -

Current Assets, Loans And Advances 7 305,037,531 155,679,681

Less: Current Liabilities And Provisions 8 228,469,673 87,393,665

76,567,858 68,286,016

Total Net Assets 172,525,943 168,329,508

Significant Accounting Policies and Notes

to Account

The Schedules referred to above and attached notes form part of the Balance Sheet.

This is the Balance Sheet referred to in our Report of even date.

For BATLIBOI & PUROHIT For and on behalf of the Board

Chartered Accountants

Reg. No. 101048 W

K. A. MEHTA

Partner

Membership No. 111749

MUMBAI

DATED : Directors

K. V. AROCHEM PRIVATE LIMITED

BALANCE SHEET AS AT 31ST MARCH, 2011


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Schedules Previous Year

Rupees Rupees Rupees

INCOME :

Sales And Other Income 9 392,273,670 272,717,392

Increase/(Decrease) in Stock of Finished 10 41,209,294 10,868,973

& Semi-finished Goods 433,482,964 283,586,365

EXPENDITURE :

Manufacturing And Other Expenses 11 404,601,255 256,737,017

Depreciation 16,404,202 16,920,977

Interest 6,385,204 7,556,996

Total Expenditure 427,390,661 281,214,990

Profit before tax 6,092,303 2,371,375

Provision for Tax :

For Income Tax (3,100,000) (825,000)

For Fringe Benefit Tax - -

For Deferred Tax 2,044,876 90,935

Profit after tax 5,037,179 1,637,310

Disposable profit set aside for -

a) General Reserve - 1,637,310

Balance carried to Balance Sheet 5,037,179 Nil

Basic and Diluted earning per share 152.04 50.76

( ref . Note no.

Significant Accounting Policies and Notes

to Account 12

The Schedules referred to above and the attached notes form part of the Profit & Loss Account.This is the Profit & Loss Account referred to in our Report of even date.

For BATLIBOI & PUROHIT For and on behalf of the Board


Reg. No. 101048 W

K. A. MEHTA

Partner


MUMBAI

DATED : Directors


PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2011


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SCHEDULES FORMING PART OF THE BALANCE SHEET AS AT 31ST MARCH, 2011

Rupees Rupees

1. SHARE CAPITAL :

AUTHORISED :50,000 Equity Shares of Rs.100/- each 5,000,000

ISSUED , SUBSCRIBED & Paid up :

50000 (P.Y.32256) Equity Shares of Rs.100/-

each fully paid-up (including 28224 (P.Y.28224)

Equity Shares of Rs.100/- each issued as

Bonus Shares by capitalisation of General Reserve)

M/s S.H.Kelkar & Co.Pvt.Ltd, Mumbai (The Holding Company)

is holding 49760 (P.Y.32016) Equity Shares.

1.01 5,000,000

5,000,000

2. RESERVES & SURPLUS :

GENERAL RESERVE -

As per last Balance Sheet 2.01 80,983,433

Add - Transferred from Profit & Loss Account -

80,983,433

SHARE PREMIUM 2.02 78,224,424

CAPITAL RESERVE - 2.03 3,280,907

Profit & Loss Account 2.04 5,037,179

167,525,943

3 Secured Loans

WCDL - HDFC 3.03

4 UNSECURED LOANS :

From Holding Company 4.01 -

-


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Rupees Rupees

6 INVESTMENTS ( Long Term )

A) TRADE ( UNQUOTED ) :

a) 50 Shares of Keva Flavours Pvt.Ltd. of Rs.100/- each 6.01 5,000

b) 100 Shares of Keva Biotech Pvt.Ltd. of Rs.10/- each 6.01 1,000

B) OTHERS ( QUOTED ) :

16 Equity Shares of Reliance Industries Ltd. of Rs.10/- each fully 6.02 6,880

paid up. (Market value as on 31-03-2011 Rs.16765/-)

12,880

7 CURRENT ASSETS LOANS & ADVANCES :

A) CURRENT ASSETS :

STOCK (As taken, valued and certified by a Director)

Packing Materials & Fuels 7.01.01 4,977,617

Raw Materials 7.01.02 77,519,211

Finished Goods 7.01.03 33,588,894

Semi Finished Goods 7.01.04 79,830,865

Work in Process 7.01.05 -

195,916,587

SUNDRY DEBTORS:

(Unsecured but considered good , unless otherwise stated)

Debts Exceeding Six months 469,384

Other Debts 7.02.01 69,886,968

70,356,352

Balance C/fd 266,272,939


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Rupees Rupees

Balance B/fd 266,272,939

CASH AND BANK BALANCES :

Cash on hand 7.03.01 154,428

In Current Accounts with Scheduled Banks 7.03.02 9,051,021

(including Rs.27,464/- (P.Y.Rs.27,766 /-) in Foreign Currency)

In Fixed Deposits with Banks 7.03.03 155,769

B) LOANS & ADVANCES :

(Unsecured but considered good, unless otherwise stated)

Advanes recoverable in cash or kind or for the value to be received 7.04.01 1,880,358

Interest Receivable 7.04.02 146,657

Deposit with Central Excise 7.04.03 17,354,534

Other Deposits 7.04.04 5,461,452

Advance Payment of Tax (Net of Provision) 7.04.05 4,560,373

305,037,531

8 CURRENT LIABILITIES & PROVISIONS :

A) CURRENT LIABILITIES :

Sundry Creditors* 8.01.01 82,517,946

Due to Holding Company 8.01.02 122,006,372

Advance from Cutomers 8.01.03 110,648

Other Liabilities 8.01.04 13,950,838

B) PROVISIONS : -

Leave Encashment 8.02.01 4,701,000

Gratuity 8.02.02 5,182,870

228,469,673

*The Company has not received information from vendors regarding their status

under the Micro,Small and Medium Enterprises Department Act,2006 and hence

disclosure regarding to amounts unpaid as at the year end together with interest

paid/payable under this Act have not been given.


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SCHEDULES FORMING PART OF THE PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2010

Rupees Rupees

9 SALES & OTHER INCOME :

SALES 9.01 394,080,755

Less: Excise Duty 9.02 24,211,043

369,869,712

OTHER INCOME -

Sales of scrap 9.03 3,912,757

Interest 9.04 366,339

Miscellaneous Income 9.05 1,712

Processing Charges (Tax deducted at Source 9.06 18,123,150

Rs. 3,46,917/-), (Previous year Rs. 8,43,567/-)

392,273,670

10 INCREASE IN STOCK :

Closing Stock

Finished Goods 33,588,894Semi-finished goods 79,830,865

Work in Process -

113,419,759

Opening Stock

Finished Goods 41,501,788

Semi-finished goods 25,615,982

Work in porocess 5,092,695

72,210,465

Total Increase/ (Decrease) 41,209,294


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Rupees

11 MANUFACTURING & OTHER EXPENSES :

) Raw Material consumed -

Opening Stock 32,467,504

Add: Purchases during the year 11.01.01 322,212,399

354,679,903

Less: Closing Stock 77,519,211

277,160,692

ii) Payments to & Provisions for Employees :

a) Salaries, Wages & Bonus 11.02.01 30,599,354

b) Gratuity and Leave Encashment 11.02.02 7,844,203

c) Contribution to Superannuation Fund 11.02.03 35,910

e) Contribution to Employees Provident Fund and Other Funds 11.02.04 2,742,504

f) Staff Welfare Expenses 11.02.05 2,638,43243,860,403

iii) Operational and other Expenses -

a) Fuel consumed 11.03.01 21,605,148

b) Electricity & Power consumed 11.03.02 15,541,226

c) Packing Material consumed 11.03.03 9,233,967

d) Water Charges 11.03.04 1,795,619

e) Stores, Spares consumed 11.03.05 6,456,577

f) Rent, Rates & Taxes 11.03.06 6,397,176

g) Postage, Telegram & Telephone 11.03.07 372,692

h) Printing and Stationenry 11.03.08 385,719

i) Coolie & Cartage 11.03.09 206,340

j) Travelling & Conveyance 11.03.10 365,024

k) Representation Charges 11.03.11 1,877,864

l) Insurance 11.03.12 753,147m) Consultation & Legal Charges 11.03.13 1,746,644

66,737,143

Balance C/fd 387,758,237


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Rupees

Balance B/fd 387,758,237

n) Remuneration to Auditors -

1) Statutory Audit Fees 11.03.14 50,000

2) Tax Audit Fees 11.03.15 35,000

3) Out of Pocket Expenses 11.03.16 -

85,000

o) Repairs & Maintenance -

1) Plant & Machinery 11.03.17 5,179,479

2) Building 11.03.18 2,185,650

3) Others 11.03.19 385,035

7,750,164

p) Loss on Fluctuation of Foreign Exchange ( Net ) 11.03.20 867,979

q) Factory Security Charges 11.03.21 2,253,797

r) Carriage Outward 11.03.22 1,904,795

s) Clearing & Forwarding Charges 11.03.23 2,187,881t) Miscellaneous Expenses 11.03.24 1,214,515

u) Sales Tax & Central Excise 11.03.25 102,859

v) Reprocessing Charges 11.03.26 476,028

404,601,255

Signature to Schedule 1 to 11

For BATLIBOI & PUROHIT For and on be


Reg. No. 101048 W

K. A. MEHTA

Partner


MUMBAI

DATED :


9/34


Previous Year

Rupees

5,000,000

3,225,600

3,225,600

79,346,122

1,637,310

80,983,432

3,280,907

-

84,264,339

80,000,000

80,000,000


10/34


Previous Year

Rupees

5,000

1,000

6,880

12,880

2,893,400

32,467,504

41,501,788

25,615,982

5,092,695

107,571,369

155,147

24,039,635

24,194,782

131,766,151


11/34


Previous Year

Rupees

131,766,151

117,551

7,407,024

152,274

1,330,170

241,672

2,737,316

4,659,509

7,268,014

155,679,681

25,989,281

45,751,231

156,080

11,425,073

4,072,000

-

87,393,665


12/34


Previous Year

Rupees

247,196,401

17,190,396

230,006,005

1,019,915

527,868

104

41,163,500

272,717,392

41,501,78825,615,982

5,092,695

72,210,465

21,078,636

20,741,541

19,521,315

61,341,492

10,868,973


13/34


Previous Year

Rupees

28,187,023

161,005,939

189,192,962

32,467,504

156,725,458

29,420,366

1,787,001

60,368

2,324,077

2,110,78835,702,600

16,246,314

15,423,496

6,500,133

1,489,403

5,156,062

2,202,756

312,591

270,718

73,980

192,937

1,179,397

452,428 1,725,282

51,225,497

243,653,555


14/34


Previous Year

Rupees

243,653,555

50,000

35,000

8,196

93,196

5,077,444

974,945

288,977

6,341,366

30,879

2,226,223

1,182,909

45,509713,493

2,324,095

125,792

256,737,017

half of the Board

Directors


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Balance Sheet Grouping 2010-11

Particular Amount Amount

(Rs.) (Rs.)

1 Fixed Assets

Land A/c 1,675,641.00

Building & Road A/c

Building & Road ETP A/c 2671238.00Building & Road Shed A/c 207886.00

Building & Road Staff Quater A/c 1893215.00

Factory Building A/c 22633008.00

Other Building A/c 5676935.00

Tubewell A/c 3942.00 33,086,224.00

Residential Flats A/c 1,199,469.00

Equipment A/c

Office Equipments A/c 156637.00

Other Equipments A/c 2060890.00

Plant & Machinery A/c

Computer A/c 267444.00

Electrical Installation A/c 2937201.00

P & Mach (Bio-Mass) A/c 228434.00

P & Mach (Boiler) A/c 1056353.00P & Mach (New Boiler) A/c 847788.00

P & Mach (Coolng Tower) A/c 194377.00

P & Mach (D.G. Set ) A/c 256807.00

P & Mach (E.T.P.) A/c 3619137.00

P & Mach (Incinerator) A/c 24535.00

P & Mach (P:1) A/c 1522099.00

P & Mach (P:2) A/c 1651596.00

P & Mach (P:3) A/c 6725319.00

P & Mach (P:4) A/c 4600354.00

P & Mach (P:5) A/c 1965112.00

P & Mach (P:6) A/c 8060703.00

P & Mach (P:7) A/c 8454060.00

P & Mach (P:8) A/C 4958542.00

443092.00161757.00

P & Mach (Pipeline) A/c 1148967.00

P & Mach (Pump House) A/c 16579.00

P & Mach (Shed) A/c 222.00

P & Mach (Tank) A/c 3347144.00 54,705,149.00

Capital Work in Progress A/c 2,563,721.00

Furniture & Fixtures A/c 1,244,412.00

Vehicles A/c 193,776.00

2 Closing Stocks

Store ,Spare Parts 3,108,044.00

Packing Material 956,223.00

Fuel Stock 913,350.00 4,977,617.00

Raw Material 77,519,211.00

Finished Goods 33,588,894.00

Semi Finished Goods 79,830,865.00


16/34

Work in Process -


17/34

3 Cash in Hand

Mumbai 7,356.00

Vapi 147,072.00 154,428.00

4 Bank Accounts

ANZ Grindlays Bank Lerms A/c 27,464.00

Bank of Baroda A/c 77,211.35ICICI Bank A/c 3444 8,502,583.36

ICICI Bank A/c 3481 180,780.91

ICICI Bank A/c 3482 53,157.24

Standard Chartered Bank 159,457.13

ICICI Bank Fort Branch 20,535.59

SBT A/c. 57000316217 17,011.67

SBT (Dividend) Bank A/c 1,160.00

State Bank Of India A/c 11,660.12 9,051,021.37

5 Deposits With Bank 155,769.00

6 Advance Against Capital Expenditure -

7 Advance Against Purchases -

8 Advance Against Expenses 133,289.00

9 Loan & Advances

Advance to Employees A/c 29,327.00

Diwali Advance to Employees a/c -

Loan to Employees A/c 1,210,000.00 1,239,327.00

10 Interest Receivable 146,657.00

11 Prepaid Expenses 507,742.00

12 Other Duties Taxes (Excise & Ser.Tax)

RG 23 Part ( C ) Receivable A/c 189,713.00Excise Duty (Pur.) RG 23 A/c 13,742,870.00

Edu. Cess (Pur. ) RG 23 A/c 177,436.00

S. & H. Edu. Cess (Pur) RG 23 A/c 89,794.00

C.Ex.Duty ( Goods in Transit ) 2,797,566.00

Edu. Cess on Ser.Tax (Cenvat) A/c 3,316.00

Service Tax (Cenvat) 165,995.00

S.H.Edu. Cess on Ser. Tax (Cenvat) 1,661.00

Service Tax Receivable A/c 180,003.95

Edu. Cess On Ser. Tax Rec. A/c 4,178.57

S. & H. Edu. Cess on Ser. Tax Rec. A/c 2,000.24 17,354,533.76


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Particular Amount Amount

(Rs.) (Rs.)

13 Deposits

Deposits for Room Ajit Tol 30,000.00

Deposits for Room Tandon 30,000.00

Deposits to D.G.V.C.L. 2,217,998.00Deposits to D.G.V.C.L. Dungra 6,472.00

Deposits to D.G.V.C.L. (Adv. Complex) 3,855.00

Deposits to D.G.V.C.L. (Mithun Park) 2,293.00

Deposits with GSPC 3,080,000.00

Deposits to Haria Hospital 20,000.00

Deposits with BSNL 20,160.00

Deposits with Vadilal Chemicals Ltd. 35,000.00

Term Deposit with SBI (Deposited with the 1,500.00

Prohibition & State Excise Department, Valsad

as security against Methanol Licence)

Deposit with G.I.D.C. ( Water ) 14,174.00 5,461,452.00

14 Advance Tax & Tds

Adv Tax & Tds A.Y.2006-2007 6,827,292.00Adv Tax & Tds A.Y.2007-2008 3,488,017.00

Adv Tax & Tds A.Y.2008-2009 2,080,257.00

Adv Tax & Tds A.Y.2009-2010 1,800,217.00

Adv Tax & Tds A.Y.2010-2011 928,682.00

Adv Tax & Tds A.Y.2011-2012 392,359.00

FBT ( F.Y.2005-06 ) A/c 245,549.00

FBT (F.Y. 2006-07 )A/c 160,000.00

FBT (F.Y.2007-08 )A/c 350,000.00

FBT (F.Y.2008-09 )A/c 350,000.00

FBT (F.Y.2009-10 ) A/c 100,000.00 16,722,373.00

15 Sundry Creditors

a Sundry Creditor For Goods Supplied

Other than holding Co. 82,517,945.78

Due to Holding Co. 122,006,371.55 204,524,317.33

b Credit Balance in Sundry Debtors A/c 110,647.80

c Sundry Creditors for Expenses

Sundry Creditors for Expenses 4,739,425.00

Sundry Creditor For Other 78,719.00

Add: General Ledger

C.Ex. Duty RG 23 Stock A/c 3,158,454.00

Employee Society A/c 111,134.50

E.S.I. payable ( c ) A/c 7,549.00E.S.I. payable ( Wages ) A/c 85,251.00

Life Insurance Corp. of India A/c 66,394.60

P.F.Payable A/c 344,114.00

P.T. Payable A/c 24,120.00

Salaries Payable A/c 406,708.00

Salary Wages Arrears Payable A/c 151,557.00

Wages Payable 1,076,625.00


19/34

TCS 40.00

TDS ( C ) 32,203.00

TDS ( P ) 44,579.00

TDS on Salaries 114,260.00

Sales Tax Payable 442,670.00

Representation Charges Payable A/C 462,762.00

Outstanding Liabilities A/c 2,604,273.00 13,950,838.10

16 Provision for Tax

Provision for Income Tax 11,325,000.00

Provision for F.B.T. 837,000.00 12,162,000.00


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5. SCHEDULE OF FIXED ASSETS ANNEXED TO AND FORMING PART OF THE BALANCE SHEET AS AT 31 ST MARCH, 2011

As on Additions during Deductions As on As on Provided Deduction

Particulars 3/31/2010 the year During the 3/31/2011 3/31/2010 During the During the

year year year

1 2 3 4 5 6 7

Leasehold Land 1,675,641 - - 1,675,641 - - -

Factory Bldg.& Sheds 63,476,849 721,990 - 64,198,839 27,892,994 3,219,621 -

Residential Flats 2,119,614 - - 2,119,614 857,015 63,130 -

Plant & Machinery 203,470,836 12,373,793 - 215,844,629 148,494,962 12,818,691 -

Furniture & Fixtures 2,864,309 346,069 - 3,210,378 1,730,901 235,065 -

Motor Cars & Vehicles 821,779 - - 821,779 560,308 67,695 -

Grand Total .. 274,429,028 13,441,852 - 287,870,880 179,536,180 16,404,202 -

Previous Year . 261,043,805 13,424,588 39,365.00 274,429,028 162,653,186 16,920,977 37,98

Capital Work-in-Progress 5,137,764 2,328,364- - 2,809,400 - - -

GROSS BLOCK DEPRECIATION


21/34

K. V. AROCHEM PVT. LTD.

GROUPINGS OF PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31-03-2011

PARTICULAR

RUPEES RUPEES RUPEES

A] Payment to & Provisions for Employees:

a) I) Factory Salary 4,342,670.58 3,660,008.94ii) Notice Pay - -

b) Factory Wages 11,381,717.18 11,010,794.82

c) Paise Adjustment 1,018.23 645.43

d) Performance Allowance(Special ) 7,340,165.49 7,274,999.15

e) Overtime 481,110.78 274,816.53

f) Bonus 1,055,201.00 1,211,234.00

g) Staff Quarter Expenses 487,606.80 328,816.00

h) Leave Travel Allowance 1,372,575.00 1,430,205.00

i) Apprentice Wages 87,458.00 90,586.00j) H. R. A. 606,178.83 683,471.20k) Ex-Gratia 519,269.00 516,196.00

m) Medical Expenses 81,950.00 87,855.00

n) Medical Allowance 430,426.00 666,223.00

o) Temporary Labour Charges 2,412,007.00 30,599,353.89 2,184,515.00

B] Company's Contribution

a) E. P. F. 906,225.00 803,938.00b) F. P. F. 928,239.00 939,746.00c) Admn. Charges of EPF/FPF 168,084.00 159,753.00

d) Admn. Charges of E. D. L. I. F. 763.00 728.00e) E. S. I. C. 739,192.65 2,742,503.65 419,911.65

C] Staff Welfare Expenses

a) i) Staff Welfare, Uniform ETC. 1,249,551.00 812,341.00ii) Staff Welfare Medi./Lunch/ handgloves 207,335.00 141,498.00iii) Staff Trainnig 77,110.00 55,110.00iv) Edu. Fees 653,760.00 709,206.00

b) Canteen Tea 448,792.00 390,647.00

c) Labour Welfare 1,884.00 2,638,432.00 1,986.00

D] Rent, Rates & Taxes

a) Profession Tax 2,500.00 2,500.00

b) Octroi Charges -

c) Notified Area Tax Paid to G.I.D.C. - 444,969.00

d) Water Cess - 10,220.00

e) Pollution Control Expenses 45,000.00 39,600.00

f) Rates & Taxes 4,180,219.00 265,688.00

g) i) Drainage Cess paid to GIDC 144,677.00 101,147.20

h) i) Contribution to Depository Charges 197,180.00 162,322.00

ii) Contribution for (VECC) 15,000.00 15,000.00iii) Contribution for (VIA) -

i) Effluent Treatment Charges paid to VIA 1,812,600.00 6,397,176.00 1,161,310.00

CURRENT YEAR PREVIO

2009-10 20


22/34

PARTICULAR


CURRENT YEAR PREVIO

2009-10 20

E] Postage, Telegram & Telephones

a) Postage & Telegram 59,095.00 66,033.50b) Telephone, Telex & Fax 313,597.00 372,692.00 246,557.00

F] Printing, Stationery & Advertisement :

a) i) Printing & Stationery 303,638.00 228,681.00ii) Computer Stationery 82,081.00 42,037.00

385,719.00

G] Travelling & Conveyance

Travelling

a) Travelling Expenses 102,396.00 3,490.00

102,396.00

b) Conveyance 30,820.00 26,805.00- 30,820.00 -

133,216.00

H] Motor Car & Vehicle Expenses

a) Motor Car Fuel 129,462.00 107,338.00

b) Motor Car Repairs 102,346.00 55,304.00

231,808.00

I] Commission, Discount and Bank Charges

a) Commission & Discount 6,191.21 174,516.82

b) Bank Charges 184,612.03 49,685.49

c) Foreign Bank Charges 28,657.50 219,460.74

J] Consultation & Legal Charges

a) Legal Exp. 1,450.00 8,560.00

b) Licence & Filling Fees 84,521.00 106,993.00

c) Professional Fees 1,580,673.00 1,489,729.00

d) Internal Audit Expenses 80,000.00 120,000.00

1,746,644.00

K] Payment to Auditors

a) Statutory Audit Fees 50,000.00 50,000.00

b) Tax Audit Fees 35,000.00 35,000.00

c) Out of Pocket Expenses - 85,000.00 8,196.00

L] Repairs & Maintenance

a) i) Repairs to Machinery 4,007,208.00 3,526,757.00

ii) Rep. To Mach(Boiler) 33,541.00 179,153.00iii) E. T. Plant Expenses 1,064,112.00 1,029,759.00

iv) D. G. Set Expenses 74,618.00 5,179,479.00 341,775.00

b) Building

i) Repairs to Factory Building 1,432,313.00 411,711.00

ii) Repairs to other Building 753,337.00 2,185,650.00 563,234.00

c) Other

i) Repairs to Other 359,007.00 254,852.00

ii) Repairs to Computers 26,028.00 385,035.00 34,125.00

M] Carriage Outward

a) Carriage Outward 1,904,795.00 1,182,909.001,904,795.00


23/34

PARTICULAR


CURRENT YEAR PREVIO

2009-10 20

N] Miscellaneous Expenses

a) Books & Magazines 4,710.00 3,645.00

b) Seminar & Membership Fees 11,113.00 55,734.00

c) Gardening Expenses 64,339.00 17,259.00

d) Office Expenses 452,338.00 158,034.00e) Misc. Expenses 144,154.00 51,655.00f) Sales Promotion Expenses 28,026.00 20,894.00

g) Amount Written Off 3,761.00 15,778.50

h) Factory Cleaning Charges 163,800.00 158,345.00I) Clearing & Forwarding Charges ( Exports ) 2,187,881.00 45,509.00

j) Advertising, Publicity 29,150.00 7,946.00

k) Subscription & Membarship Fees 93,663.00

Add - Rounding up difference - 3,182,935.00 -

3,182,935.00

O] Interest

a) Interest on Secured Loans

On Cash Credit -

b) Interest on Car Laon A/c - - 6,996.00

c) Interest on Unsecured Loans 6,385,204.00 7,550,000.00

6,385,204.00

P] Raw Material Purchase

a) Import 96,709,570.79 28,186,671.52

b) Local 225,502,828.00 132,476,877.00c) Raw Material(Bio-Mass) - 322,212,398.79 342,390.00

Q] Outside Re-processing Charges 476,028.00

R] Taxes

a) Sales Tax Central Excise & Service Tax

i) Central Excise Exp. 591,093.00- 2,117,009.00ii) Education Cess(Exp) 74,972.00- 42,260.00iii) H & S Edu. Cess(Exp) 37,500.00- 21,124.00iv) Service Tax 5.00 -

v) Cess on Ser. Tax -vi) Interest paid to other 28,210.00 50,465.00

b) Sales Tax 778,209.00 102,859.00 93,237.00


24/34

RUPEES

29420366.07

2,324,076.65

2,110,788.00

2,202,756.20

US YEAR

8-09


25/34

RUPEES

US YEAR

8-09

312,590.50

270,718.00

3,490.00

26,805.0030295.00

162642.00

224,202.31

1,725,282.00

93,196.00

5,077,444.00

974,945.00

288,977.00

1,182,909.00


26/34

RUPEES

US YEAR

8-09

534,799.50

534,799.50

7,556,996.00

161,005,938.52

125,792.00

2,324,095.00


27/34

PARTICULARS 2010-11

(Rs.) (Rs.)

INCOME

Sales & Other Income 392,273,670

Increase in Stock of 41,209,294

Finished and Semi-Finished Goods

Total Income 433,482,964

EXPENDITURE

Manufacturing & Other Expenses 399,418,385

Depreciation 16,404,202

Interest

a) On Secured Loans -

b) On Unsecured Loans 6,385,204 6,385,204

Total Expenditure 422,207,791

Profit Before Tax 11,275,173


PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED

31ST MARCH, 2011


28/34

PARTICULARS 2010-11

(Rs.) (Rs.)

SALES & OTHER INCOME

(A) SALES 369,869,712

(B) OTHER INCOME

Miscellaneous Sales 3,912,757

Interest 366,339

Dividend on Investments 112

Processing Charges 18,123,150

Misc. Income 1,600

392,273,670

INCREASE IN STOCK

Closing Stock :- 31-03-2011

Finished Goods 33,588,894

Semi-Finished Goods 79,830,865

Work in Process -

113,419,759

Less: Opening Stock :- 01-04-2010

Finished Goods 41,501,788Semi-Finished Goods 25,615,982

Work in Process 5,092,695

72,210,465

Total Increase 41,209,294

MANUFACTURING & OTHER EXPENSES

i) Raw Material Consumed:

Opening Stock :- 01-04-2010 32,467,504

Add: Purchases during the year 322,212,399

354,679,903

Less:Closing Stock :- 31-03-2011 77,519,211

BALANCE C/Fd 277,160,692



31ST MARCH, 2011


29/34

PARTICULARS 2010-11

(Rs.) (Rs.)

BALANCE B/Fd 277,160,692ii ) Payment to & Provisions for Employees:

a) Salaries, Wages & Bonus etc. 30,599,354

b) Contribution to Gratuaity Fund 749,282

c) Contribution to Superannuation Fund 35,910

d) Contribution to Leave Encashment 1,912,051

e) Contribution to Emp. P.F., F.P.F. ,ESIC.etc. 2,742,504

f) Staff Welfare Expenses 2,638,432

38,677,533

iii) Operational and other Expenses :

a) Fuel Consumed 21,605,148

b) Electricity & Power Consumed 15,541,226

c) Packing Material consumed 9,233,967

d) Water charges 1,795,619

e) Stores,Spares consumed 6,456,577

f) Rent, Rates & Taxes 6,397,176

g) Postages,Telegram & Telephone 372,692

h) Printing ,Stationery & Advertisement 385,719

I) Coolie & Cartage 206,340

j) Travelling & Conveyance 133,216

k) Motor Car & Vehical Expenses 231,808

BALANCE C/Fd 62,359,488 315,838,224



31ST MARCH, 2011


30/34

PARTICULARS 2010-11

(Rs.) (Rs.)

BALANCE B/Fd 62,359,488 315,838,224

l) Comm. Discount& Bank Charges 219,461

m) Representation charges 1,877,864

n) Insurance 753,147

o) Consultation & Legal Charges 1,746,644

66,956,604

p) Remuneration to Auditors :

1) Statutory Audit Fees 50,000

2) Tax Audit Fees 35,0003) For Company Low Matters -

4) Out of Pocket Expenses -

85,000

q) Repairs & Maintenance:

1) Plant & Machinery 5,179,479

2) Building 2,185,650

3) Others 385,035

7,750,164

r) Loss on conversion of foreign Exchange 867,979

s) Factory Security charges 2,253,797

t) Carriage Out-Ward 1,904,795

u) Misc. Expenses 3,182,935

v) Taxes 102,859

( Sales Tax & Central Excise)

w) Reprocessing 476,028

Grand Total 399,418,385

31ST MARCH, 2011




31/34

PREVIOUS YEAR

2009-10

(Rs.)

272,717,392

10,868,973

283,586,365

256,737,017

16,920,977

6,996

7,550,000

281,214,990

2,371,376


32/34

PREVIOUS YEAR

2009-10

(Rs.)

230,006,005

1,019,915

527,868

104

41,163,500

-

272,717,392

41,501,788

25,615,982

5,092,695

72,210,465

21,078,636 20,741,541

19,521,315

61,341,492

10,868,973

28,187,023

161,005,939

189,192,962

32,467,504

156,725,458


33/34

PREVIOUS YEAR

2009-10

(Rs.)

156,725,458

29,420,366

255,978

60,368

1,531,023

2,324,077

2,110,788

35,702,600

16,246,314

15,423,496

6,500,133

1,489,403

5,156,062

2,202,756

312,591

270,718

73,980

192,937

-

47,868,390


34/34

PREVIOUS YEAR

2009-10

(Rs.)

47,868,390

224,202

1,179,397

452,428

1,725,282

51,449,699

50,000

35,000-

8,196

93,196

5,077,444.00

974,945.00

288,977.00

6,341,366

30,879.00

2,226,223

1,182,909

534,800

2,324,095

125,792

256,737,017

kva financials fy 2010-11 - fsg rev1

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