One of the Pioneer Industry in India

" There are no facts, only interpretations." Friedrich Nietzsche

 
 
 

                      PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 30TH SEPTEMBER, 2008
       
       
  Schedule  For the year   For the year 
     ended    ended  
     30.09.2008   30.09.2007 
INCOME            Rs.                  Rs. 
Gross Sales 10                770,867,445            907,888,386
 Less, excise and development cess                    55,778,246              65,340,222
 Net Sales                  715,089,199            842,548,164
 Other Income 11                  21,582,072              10,840,991
                   736,671,271            853,389,155
VARIATION IN STOCKS 12                   8,681,300            112,161,482
TOTAL                  745,352,571            965,550,637
EXPENDITURE      
 Materials consumed, Purchased for Trading,      
   Manufacturing, Administration, Selling       
   and Other Expenses 13                615,539,968            968,410,579
 Interest 13                  71,533,538              62,312,272
 Depreciation 5                  43,915,345              42,959,589
TOTAL                  730,988,851          1,073,682,440
       
PROFIT (LOSS) BEFORE TAXATION                    14,363,720           (108,131,803)
  Provision for tax - Current Tax                        595,249               (1,038,420)
                          - Deferred Tax                    (5,363,069)             (22,268,341)
                          - Fringe benefit Tax                        650,000                   725,000
Profit (loss) after Tax                    18,481,540             (85,550,042)
Balance brought forward from last year                   (32,107,451)              53,442,591
Profit ( Loss) available for appropriation                   (13,625,911)             (32,107,451)
Balance carried to Balance Sheet                   (13,625,911)             (32,107,451)
Basic and diluated earning per share                             3.75                     (17.43)
 ( Face value of Rs. 10/- each)      
Accounting Policies & Notes on Accounts 14    
In terms of our Report of even date attached herewith.      
       
 For K.N.GUTGUTIA & CO.      
  CHARTERED ACCOUNTANTS      
   (S. PORE)      
   PARTNER     Dr. Gora Ghosh
  (Membership No. 55862)     S.K. Goenka
  6C, Middleton Street, Kolkata- 700 071 S.Prasad O.P.Dhanuka P.Tibrawalla
  27th December, 2008 Company Chairman &   
  Secretary Managing Director Directors
       
 
                                                                         PROFIT & LOSS ACCOUNT FOR 30TH SEPTEMBER-2007
  Schedule For the year For the year
    ended  ended 
    30.09.2007 30.09.2006
INCOME           Rs.                Rs.
Gross Sales 10        907,888,386     1,212,725,348
 Less, excise and development cess            65,340,222         59,174,552
 Net Sales          842,548,164     1,153,550,796
 Other Income 11          10,840,991           3,965,337
           853,389,155     1,157,516,133
VARIATION IN STOCKS 12        112,161,482        (68,560,981)
TOTAL          965,550,637     1,088,955,152
       
EXPENDITURE      
 Materials consumed, Purchased for Trading,      
   Manufacturing, Administration, Selling       
   and Other Expenses 13        968,410,579       901,715,097
 Interest 13          62,312,272         63,709,763
 Depreciation 5          42,959,589         40,249,818
TOTAL       1,073,682,440     1,005,674,678
       
PROFIT (LOSS) BEFORE TAXATION         (108,131,803)         83,280,474
  Provision for tax - Current Tax(MAT)            (1,038,420)           6,987,931
                          - Deferred Tax           (22,268,341)           2,246,983
                          - Fringe benefit Tax                725,000              613,239
                          -                        -  
Profit (loss) after Tax           (85,550,042)         73,432,321
       
Balance brought forward from last year            53,442,591         37,004,970
       
Profit available for appropriation           (32,107,451)       110,437,291
       
       
Appropriations:      
Proposed Dividend on Equity Shares                         -             6,134,350
Corporate Tax on Dividend                         -                860,350
Transfer to General Reserve                         -           50,000,000
Balance carried to Balance Sheet           (32,107,451)         53,442,591
            (32,107,451)       110,437,291
       
Basic and diluated earning per share                   (17.43)                 14.96
 ( Face value of Rs. 10/- each)      
       
       
Accounting Policies & Notes on Accounts 14    
       
In terms of our Report of even date attached herewith.    
 For K.N.GUTGUTIA & CO.      
  CHARTERED ACCOUNTANTS      
       
       
  (S. PORE)      
   PARTNER S.Prasad   O.P.Dhanuka  
( Membership No. 55862)      
  6C, Middleton Street, Kolkata- 700 071 Company     Chairman              Directors
 31st December, 2007 Secretary & Managing Director

 

PROFIT & LOSS ACCOUNT FOR 30th SEPTEMBER, 2006

        
  Schedule For the year For the year
    ended  ended 
    30.09.2006 30.09.2005
INCOME           Rs.                Rs.
Gross Sales 10      1,212,725,348        806,597,861
 Less, excise and development cess             59,174,552          40,715,706
 Net Sales        1,153,550,796        765,882,155
 Other Income 11            3,965,337            9,904,884
         1,157,516,133        775,787,039
VARIATION IN STOCKS 12          (68,560,981)         (49,623,674)
TOTAL        1,088,955,152        726,163,365
       
EXPENDITURE      
 Materials consumed, Purchased for Trading,      
   Manufacturing, Administration, Selling       
   and Other Expenses 13         901,715,097        592,726,559
 Interest 13           63,709,763          63,312,560
 Depreciation 5           40,249,818          37,946,054
TOTAL        1,005,674,678        693,985,173
       
PROFIT BEFORE TAXATION             83,280,474          32,178,192
  Provision for tax - Current Tax(MAT)              6,987,931            2,552,969
                          - Deferred Tax              2,246,983            4,720,573
                          - Fringe benefit Tax                 613,239               199,716
                          - Income tax of earlier year                          -                  18,161
Profit after Tax             73,432,321          24,686,773
       
Balance brought forward from last year             37,004,970          21,360,923
       
Profit available for appropriation           110,437,291          46,047,696
       
Appropriations:      
Proposed Dividend on Equity Shares              6,134,350            6,176,475
Corporate Tax on Dividend                 860,350               866,251
Transfer to General Reserve             50,000,000            2,000,000
Balance carried to Balance Sheet             53,442,591          37,004,970
            110,437,291          46,047,696
       
Basic and diluated earning per share                     14.96                    5.00
 ( Face value of Rs. 10/- each)      
       
       
Accounting Policies & Notes on Accounts 14    
       
In terms of our Report of even date attached herewith.    
 For K.N.GUTGUTIA & CO.      
  CHARTERED ACCOUNTANTS      
       
       
  (S. PORE)      
   PARTNER S.Prasad   O.P.Dhanuka  
  6C, Middleton Street, Kolkata- 700 071 Company     Chairman              Director
 26th December, 2006. Secretary & Managing Director

 

                      PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED

  
                                                                                            30TH SEPTEMBER, 2005  
  Schedule For the year ended For the year ended
    30.09.2005 30.09.2004
INCOME           Rs.                Rs.
Gross Sales 10   806,597,861    638,918,843
 Less, excise and development cess       40,715,706     37,843,811
 Net Sales     765,882,155    601,075,032
 Other Income 11       9,904,884     17,509,496
      775,787,039    618,584,528
VARIATION IN STOCKS 12    (49,623,674)     27,675,639
TOTAL     726,163,365    646,260,167
       
EXPENDITURE      
 Materials consumed, Purchased for Trading,      
   Manufacturing, Administration, Selling      
   and Other Expenses 13   592,726,559    519,219,116
 Interest 13     63,312,560     66,538,681
 Depreciation 5     37,946,054     37,225,324
TOTAL     693,985,173    622,983,121
       
PROFIT(LOSS) BEFORE TAXATION       32,178,192     23,277,046
  Provision for tax - Current Tax(MAT)         2,552,969       1,235,567
                          - Deferred Tax         4,720,573       1,749,839
                          - Fringe benefit Tax            199,716  
Income Tax for earlier years             18,161                  -  
Profit (Loss) after Tax       24,686,773     20,291,640
       
Balance brought forward from last year       21,360,923       8,214,907
       
Profit available for appropriation       46,047,696     28,506,547
       
Appropriations:      
Proposed Dividend on Equity Shares         6,176,475       5,435,298
Corporate Tax on Dividend            866,251          710,326
Transfer to General Reserve         2,000,000       1,000,000
Balance carried to Balance Sheet       37,004,970     21,360,923
        46,047,696     28,506,547
       
Basic and diluated earning per share                 5.00               4.11
 ( Face value of Rs. 10/- each)      
       
       
Accounting Policies & Notes on Accounts 14    
       
In terms of our Report of even date attached herewith.      
 For K.N.GUTGUTIA & CO.      
  CHARTERED ACCOUNTANTS      
       
       
  (S. PORE)      
   PARTNER S.Prasad   O.P.Dhanuka  
  6C, Middleton Street, Kolkata- 700 071 Company     Chairman  
  28th December, 2005. Secretary & Managing Director  
       

 
 

 

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