BALANCE SHEET AS AT 31ST MARCH, 2008

(Rs. in Lacs)


Particulars                       

 


As at 31.3.2008

 


As at 31.3.2007

 


SOURCES OF FUNDS

 

 


Shareholders` Funds:

 

 

 

Share Capital

2050.00

 

2050.00

Reserves and Surplus

9115.47

9326.02

 

               

11165.47

11376.02


Loan Funds:

 

 

 

Secured Loans

 

9732.48

11326.76

 

 

20897.95

22702.78


APPLICATION OF FUNDS

 

 

 


Fixed Assets:

 

 

 

Gross Block  

30068.96

 

29724.87

Depreciation

14316.64

 

12997.74

Net Block

15752.32

 

16727.13

Capital Work-in-Progress

280.89

 

332.66

 

 

16033.21

17059.79

Net
Deferred Tax Assets

 

733.92

405.56


Current Assets, Loans & Advances

6063.05

 

5570.57

Less:
Current Liabilities & Provisions

3423.13

 

2897.26

Net
Current Assets

2639.92

2673.31

Miscellaneous Expenditure

(to the extent not written off or adjusted)

 

 

    215.79

 

    352.22

Profit and Loss Account

 

  1275.11

 2211.90

 

20897.95

22702.78

PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31ST MARCH, 2008


(Rs. in Lacs)

Particulars

 

2007-08

 

2006-07

 

INCOME

 

 

 

Gross
Sales

 

23336.12

23578.54

Less:
Excise Duty

  3324.67

  3406.12

Net
Sales

 

20011.45

20172.42

Other
Income

 

203.62

254.83


Increase/(Decrease) in Stock

      (71.60)

      70.87

 

20143.47

20498.12

EXPENDITURE

 

 

 


Purchase of Trading Items

 

144.49

321.73

Direct
Manufacturing Expenses

 

14555.90

14952.58


Employee Remuneration and Benefits

 

1508.67

1326.55

Other
Operating & Administration Expenses

 

352.59

480.56


Selling and Distribution Expenses

 

439.23

544.22


Finance Charges

 

1139.59

1257.95


Miscellaneous Expenses Written Off

 

155.88

241.76


Depreciation

1123.64

  1117.69

 

19419.99

20243.04

Profit for the year

723.48

255.08


Expenses/(Income) relating to previous year

4.96

  19.21


Profit before taxation

718.52

235.87


Provision for Taxation:

 

 

 

Fringe
Benefit Tax

 

9.62

11.25

Income
Tax

 

81.41

37.64


Deferred Tax

  233.54

  87.75


Profit after taxation 

 

393.95

99.23

Profit/(Loss) of previous years

(2211.90)

(2311.13)

Transitional liability for Leave Encashment

 (49.17)

Transitional liability for Gratuity

 30.11

Deferred Tax Assets

 561.90

(1669.06)

(2311.13)

Amount available for Appropriations

(1275.11)

(2211.90)

Appropriations

 

 

Loss
carried to Balance Sheet

(1275.11)

(2211.90)

Earnings per Share (Annualised)

 

 

 

Basic (in Rs.)

 

1.92

0.48

Diluted (in Rs.)

 

0.66

0.28

Number of Shares used in computing Earnings per Share

 

 

 

Basic

 

20482906

20482906

Diluted

 

72106706

66070548