|
NICCO ENGINEERING SERVICESLIMITED
Regd.Off : NICCO HOUSE, 2 Hare Street,Kolkata - 700001
| Schedules
to the Balance Sheet as at 31st March, 2010:-
|
|
| |
| |
|
|
|
Significant Accounting Policies
& Notes on Accounts : ( Schedule 19 )
|
|
|
| A. |
SIGNIFICANT ACCOUNTING
POLICIES: |
| |
|
| 1). |
Basis of preparation of Financial Statement |
| |
The Financial Statements have been prepared
on a going concern basis under the historical cost convention,
in accordance with the generally accepted accounting principle
and provisions of the Companies Act, 1956 as adopted consistently
by the Company. |
| |
Sales and Services are accounted
for when the sales of goods or services are completed.
|
| |
| 2). |
Fixed Assets |
| |
Fixed Assets have been valued at cost except
goodwill, which has been stated at acquisition cost. Cost
includes cost of acquisition, freight, duties, taxes and
all incidental expenses related to acquisition/installation.
|
| |
|
| 3). |
Sales |
| |
Value of Sales/Services is net of Sales
Tax/VAT/Service Tax. |
| |
|
| 4). |
Recognition of Income and Expenditure |
| |
All Incomes and Expenditure are accounted
on accrual basis. |
| |
|
| 5). |
Depreciation & Amortization |
| [A] |
Depreciation on Fixed Assets is provided
on written down value basis as per rate prescribed in
Schedule XIV to the Companies Act, 1956. |
| [B] |
Intangibles other than software are amortized
over a period of ten years. |
| [C] |
Softwares are amortized over a period of
three years. |
| |
| 6). |
Valuation of
Inventories |
| a) |
Stores & Spares are valued
at weighted average cost. |
| b). |
Loose Tools are valued after
determining their useful life at weighted average cost
. |
| c). |
Stock in trade is valued at lower of weighted
average cost or net realisable value. |
| d). |
Work in progress is valued at cost. |
| |
|
| 7) |
Investments |
| |
Long term investments are valued
at cost.Provision for diminution in value is made if the
decline in value is other than temporary in the opinion
of management. |
| |
Current investments are valued at lower
of cost or N.A.V. whichever is lower. |
| |
| 8) |
Foreign Currency Transaction |
| |
Transactions denominated in foreign currencies
are normally recorded at exchange rate prevailing at the
time of transactions. Monetary items denominated in foreign
currency outstanding at the Balance Sheet date has been
translated at period end rate. |
| |
| 9) |
Assets Taken on Hire Purchase
|
| |
|
| 10) |
Tax Provision is made, taking into consideration
that certain expenditure becoming allowable on payment
being made before filing the return of income. Deferred
tax is calculated at current statutory Income tax rate
and is recognized on timing differences between taxable
income and accounting income that originate in one period
and are capable of reversal in one or more subsequent
period. Deferred tax assets subject to consideration of
prudence, are recognized and carried forward only to the
extent that there is reasonable certainty that sufficient
future taxable income will be available against which
such deferred tax assets can be realized. |
| |
| 11). |
Contingent Liabilities |
| |
No provision is made for liabilities
which are contingent in nature, unless it is probable
that future events will confirm that an asset has been
impaired or a liability incurred as at the balance sheet
date and a reasonable estimate of the resulting loss can
be made. However, all known, material contigent liabilities
are disclosed by way of separate notes. |
| |
| B. |
NOTES TO ACCOUNTS: |
| |
|
| 1). |
By special resolution passed on 27th January,
2009 the Company had reduced its capital by Rs 50,628,375/-
by reducing the value of 5,625,375 equity shares from
Rs 10/- each to Rs 1/- each and money out of such reduction
has been returned to the shareholders in line with the
order of the Hon'ble High Court, Kolkata, West Bengal
passed on 16th April, 2009 in Petition No. 91/2009. |
| 2). |
Nicco Corporation Ltd. and its
nominees hold the total share capital of the Company.
|
| 3). |
Contingent Liabilities not
provided for in respect of: |
| (a) |
Letter of Credit outstanding
Rs.NIL (Previous Year Rs.3,565,379/-) , |
| (b) |
Bank Guarantees Rs.4,309,445/-
(Previous Year Rs.7,635,739/-) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 4). |
Managerial Remuneration debited to expenses
accounts: |
| |
|
| |
|
As on 31.03.2010
|
As on 31.03.2009
|
| |
|
Rs.
|
Rs.
|
| |
Salary & Other |
|
|
| |
Allowances
|
1,893,000
|
1,779,000
|
| |
Staff Welfare
|
202,997
|
160,447
|
| |
Other Perquisites
|
241,250
|
178,220
|
| |
|
2,337,247
|
2,117,667
|
| |
|
| |
Remuneration of Mr M. K. Ogra,
Executive Chairman from 1st January,2010 is subject to
approval in next Annual General Meeting. |
| |
|
| 5). |
Since the future obligations for hire purchase
in respect of motor cars are Nil (Previous year ended
31st March,2009- Rs.Nil) there is no charge for hire purchase
interest during this year as against Rs.15266/- for Previous
year. |
| |
|
| 6). |
Deferred Tax: |
| |
|
As at 31.03.2010
|
As at 31.03.2009
|
| |
|
Rs.
|
Rs.
|
| |
Deferred tax assets |
|
|
| |
on Provision for Gratuity
|
-
|
16,868
|
| |
on Provision for Leave Encashment
|
#N/A
|
1,096,256
|
| |
on Liability on Bonus
|
#N/A
|
557,372
|
| |
on Super Annuation Fund
|
#N/A
|
|
| |
arising out of Depreciation
|
49,723
|
|
| |
|
#N/A
|
1,670,496
|
|
|
| |
Deferred Tax liability
|
|
|
| |
arising out of Depreciation
|
-
|
269,076
|
| |
on Provision for Gratuity
|
446,447
|
-
|
| |
|
446,447
|
269,076
|
| |
|
| |
Net Deferred tax assets / (liabilities)
|
#N/A
|
1,401,420
|
| |
|
| 7). |
Employee Benefits |
| a). |
Benefits under Defined Contibution
Plans
|
Rs.
|
| |
Amount Contributed During 2009-10
|
| |
Provident Fund
|
1,077,313
|
| |
Employees Pension Scheme
|
913,458
|
| |
Total
|
1,990,771
|
| |
|
| b). |
Benefits under Defined Benefit Plans |
| Acturial Valuation Details
of Leave Salary and Super Annuation & Gratuity Liability
as at 31.03.2010 . |
|
i. Assumptions:
|
|
|
Leave Salary
[Unfunded ]
|
Superannuation Benefit
[ Funded ]
|
Gratuity
[Funded]
|
|
|
As at 31.03.2010
|
As at 31.03.2010
|
As at 31.03.2010
|
|
Mortality Table
|
LICI 1994-1996
|
LICI 1994-1996
|
LICI 1994-1996
|
|
Superannuation Age
|
60 Years
|
60 Years
|
60 Years
|
|
Early Retirement & Disablement
|
10 Per thousand P.A.
|
10 Per thousand
P.A.
|
10 Per thousand
P.A.
|
|
|
6 above age 45
|
6 above age 45
|
6 above age 45
|
|
|
3 between 29 and 45
|
3 between 29 and 45
|
3 between 29 and 45
|
|
|
1 below age 29
|
1 below age 29
|
1 below age 29
|
|
Discount Rate
|
8.00
|
8.00
|
8.00
|
|
Inflation Rate
|
5.00
|
5.00
|
5.00
|
|
Return on Asset
|
0.00
|
8.00
|
9.15
|
|
Remaining Working Life
|
18.00
|
14.00
|
18.00
|
|
Formula Used
|
Projected unit credit method
|
Projected unit credit method
|
Projected unit credit method
|
|
|
|
II. Table Showing changes in Present
Value Obligations as at 31.03.2010:
|
|
|
Leave Salary
[ Unfunded ]
|
Superannuation Benefit
[ Funded ]
|
Gratuity
[Funded]
|
|
Present Value of Obligation At Beginning
of year
|
3,225,232.00
|
3,126,512.00
|
6,341,090.00
|
|
Acquisition adjustment
|
-
|
-
|
-
|
|
Interest Cost
|
251,663.00
|
250,120.00
|
507,287.00
|
|
Past Service Cost
|
-
|
-
|
-
|
|
Current Service Cost
|
186,626.00
|
169,107.00
|
471,805.00
|
|
Curtailment Cost
|
-
|
-
|
-
|
|
Settlement Cost
|
-
|
-
|
-
|
|
Benefits Paid
|
158,871.00
|
-
|
301,501.00
|
|
Actuarial gain / loss on Obligations
|
(61,422.00)
|
(498,887.00)
|
(333,395.00)
|
|
Present Value of Obligation At end
of Year
|
3,443,228.00
|
3,046,852.00
|
6,685,286.00
|
|
|
|
III. Disclosure Item 120(e) Table Showing
Changes in Fair Value of Plan Assets as at 31.03.2010:
|
|
|
Leave Salary
[ Unfunded ]
|
Superannuation Benefit
[ Funded ]
|
Gratuity
[Funded]
|
|
Fair Value of Plan Asset at Beginning
of year
|
---
|
1,900,545.00
|
7,278,705.00
|
|
Acquisition Adjustment
|
---
|
-
|
-
|
|
Expected return on Plan Asset
|
---
|
152,043.00
|
652,745.00
|
|
Contributions
|
---
|
374,445.00
|
399,247.00
|
|
Benefits Paid
|
---
|
-
|
301,501.00
|
|
Actuarial gain / loss on Plan Asset
|
---
|
9,502.00
|
NIL
|
|
Fair Value of Plan Asset at End of
year
|
---
|
2,436,536.00
|
8,029,196.00
|
|
|
|
IV. Disclosure Item 120(f) Table Showing
Funded Status as at 31.03.2010:
|
|
|
Leave Salary
[ Unfunded ]
|
Superannuation Benefit
[ Funded ]
|
Gratuity
[Funded]
|
|
Present Value of Obligation at end
Year
|
---
|
3,046,852.00
|
6,685,286.00
|
|
Fair Value of Plan Asset at end year
|
---
|
2,436,536.00
|
8,029,196.00
|
|
Funded Status
|
---
|
(610,316.00)
|
1,343,910.00
|
|
Unrecognised actuarial gain / loss
at end of the year
|
---
|
-
|
-
|
|
Net Asset (Liability) Recognised in
Balance Sheet
|
---
|
(610,316.00)
|
1,343,910.00
|
|
|
|
V. Expense Recognized in Statement
of Profit / Loss as at 31.03.2010:
|
|
|
Leave Salary
[ Unfunded ]
|
Superannuation Benefit
[ Funded ]
|
Gratuity
[Funded]
|
|
Current Service Cost
|
186,626.00
|
169,107.00
|
471,805.00
|
|
Past service Cost
|
-
|
-
|
-
|
|
Interest Cost
|
251,663.00
|
250,120.00
|
507,287.00
|
|
Expected Return on Plan Asset
|
-
|
152,043.00
|
652,745.00
|
|
Curtailment Cost
|
-
|
-
|
-
|
|
Settlement Cost
|
-
|
-
|
-
|
|
Actuarial gain / loss recognized in
the year
|
(61,442.00)
|
(508,930.00)
|
(333,395.00)
|
|
Expense recognized in Statement of
Profit / Loss
|
376,867.00
|
(241,206.00)
|
(7,048.00)
|
|
|
|
VI. Showing Movements in the Liability
Recognised in Balance Sheet as at 31.03.2010:
|
|
|
Leave Salary
[ Unfunded ]
|
Superannuation Benefit
[ Funded ]
|
Gratuity
[Funded]
|
|
Opening Net Liability
|
-
|
1,225,967.00
|
(937,615.00)
|
|
Expenses as above
|
376,867.00
|
(241,206.00)
|
(7,048.00)
|
|
Contributions
|
-
|
374,445.00
|
399,247.00
|
|
Closing Net Liability
|
376,867.00
|
610,316.00
|
(1,343,910.00)
|
|
Closing Fund / Provision at end of
Year
|
3,443,228.00
|
3,046,852.00
|
8,029,196.00
|
|
|
|
8).
|
Break up of billing & receivable
from Service Tax leviable activities: 2009-10 |
|
|
Service Billing
|
Travelling Billing
|
Transport Charges Billing
|
| Domestic Gross Billing excluding
SEZ :
|
87,171,855
|
3,381,540
|
232,182
|
| Less, Service Tax
|
8,140,255
|
315,774
|
21,682
|
| |
| Net Billing from Service Activity:
|
79,031,600
|
3,065,766
|
210,500
|
| Net Billing on customers located
in SEZ
|
2,590,543
|
25,000
|
-
|
| Net Billing on Export
|
2,192,746
|
28,722
|
-
|
|
|
|
Net Billing from Service Activity
|
83,814,889
|
3,119,488
|
210,500
|
|
|
|
|
|
|
|
As on 31.03.10
|
As on 31.03.09
|
|
|
| [a] |
Service Tax Leviable Sundry Debtors
[Excluding Service Tax]
|
26,034,608
|
26,130,161
|
| [b] |
Add Service Tax levied on [a]
|
2,681,565
|
2,691,407
|
| [c] |
Gross Service Tax levied Debtors
|
28,716,173
|
28,821,568
|
| [d] |
Gross Debtors on customers located in
SEZ
|
363,521
|
62,003
|
| [e] |
Gross Debtors on Export Billing
|
-
|
-
|
| [f] |
Gross Debtors other than Service Activity
|
5,721,464
|
2,165,638
|
| |
Debtors after neting of advance receipts
|
34,801,158
|
31,049,209
|
| [g] |
Add, Advance Receipts from Customers
|
324,726
|
1,744,993
|
| [h] |
Grossed up Sundry Debtors
Debtors as per Schedule No.7
|
35,125,884
|
32,794,202
|
| [i] |
Bad debts on Service Tax leviable debtors
written off during 2009-10
|
563014
|
|
| |
|
| 9). |
Segment Report : |
| The business segments have
been identified based on the nature of the business and
segments have been identified as Sales segment and Services
segment of the Company. |
| Rs. In Lac |
|
|
Sales Operation
|
Services Operation
|
Unallocated
|
Total
|
| SEGMENT REVENUE |
|
|
|
|
| (a) External sales |
1,266.48
|
838.15
|
-
|
2,104.63
|
|
PY
|
1,242.70
|
854.18
|
35.66
|
2,132.54
|
| (b) Inter Segment Sales |
-
|
-
|
-
|
-
|
|
PY
|
-
|
-
|
-
|
-
|
| (c) Total Revenue |
1,266.48
|
838.15
|
-
|
2,104.63
|
|
PY
|
1,242.70
|
854.18
|
-
|
2,096.88
|
| |
|
|
|
|
| SEGMENT RESULT |
| Gross Profit Before Intt. &
Depn. |
752.82
|
511.63
|
(932.38)
|
332.07
|
|
PY
|
746.13
|
483.63
|
(882.78)
|
346.98
|
| Depreciation |
-
|
4.25
|
37.52
|
41.77
|
|
PY
|
-
|
3.55
|
34.55
|
38.10
|
| Profit & Loss after Depreciation
|
752.82
|
507.38
|
(969.90)
|
290.30
|
|
PY
|
746.13
|
480.08
|
(917.33)
|
308.88
|
| Interest |
|
|
3.89
|
3.89
|
|
PY
|
-
|
-
|
3.39
|
3.39
|
| Current Tax, Deferred Income
Tax and Fringe Benefit Tax |
-
|
-
|
106.71
|
106.71
|
|
PY
|
-
|
-
|
121.01
|
121.01
|
| Net Profit from ordinary activities
|
752.82
|
507.38
|
(1,080.50)
|
179.70
|
|
PY
|
746.13
|
480.08
|
(1,041.73)
|
184.48
|
| Add : Prior Period Item |
-
|
-
|
9.35
|
9.35
|
|
PY
|
-
|
-
|
0.40
|
0.40
|
| Net Profit |
752.82
|
507.38
|
(1,071.15)
|
184.88
|
|
PY
|
746.13
|
480.08
|
(1,042.13)
|
369.36
|
| Segment Asset as on 31.03.2010
|
106.14
|
194.28
|
908.20
|
1,208.62
|
| as on 31.03.2009 |
117.84
|
490.42
|
853.55
|
1,461.81
|
| TOTAL ASSET as on 31.03.2010
|
106.14
|
194.28
|
908.20
|
1,208.62
|
| as on 31.03.2009 |
117.84
|
490.42
|
853.55
|
1,461.81
|
| Segment Liability as on 31.03.2010
|
-
|
-
|
349.73
|
349.73
|
| as on 31.03.2009 |
-
|
-
|
286.01
|
286.01
|
| TOTAL LIABILITIES as on 31.03.2010
|
-
|
-
|
349.73
|
349.73
|
| as on 31.03.2009 |
-
|
-
|
286.01
|
286.01
|
| CAPITAL EXPENDITURE DURING
THE YEAR |
-
|
5.09
|
26.62
|
31.71
|
|
PY
|
-
|
5.27
|
9.28
|
14.55
|
|
|
|
10). Related party information
|
| Relationship:
|
| a). Where Control Exists:
|
NICCO CORPORATION LTD
|
| b). Key management Personnel:
|
MR S.KAUL
|
|
|
MR S.K.PAL
|
|
|
MR M.K.OGRA
|
| c). Other Related parties:
|
| |
| Associated Industrial Development
Company (Private) Ltd. |
| Nicco Internet Ventures Ltd.
|
| Nicco Parks & Resorts Ltd
|
| Nicco Uco Alliance Credit
Ltd. |
| Nicco Biotech Ltd. |
| NE Cables Ltd |
| Nicco Venture Ltd. |
| Nicco Cables Ltd. |
| |
| Notes : |
| (i)Related party relationship
on the basis of the requirments of acounting standard
18 (AS 18) as in (a), (b) and (c) above is pointed out
and relied upon by the Auditors. |
| |
| Transactions with related
parties: |
| |
|
Particulars
|
Enterprises where control exists
|
Key Management Personnel
|
Associate & Joint Ventures
|
| |
Upto4th Qtr. 2009-10
|
Upto 4th Qtr. 2008-09
|
Upto4th Qtr. 2009-10
|
Upto 4th Qtr. 2008-09
|
Upto4th Qtr. 2009-10
|
Upto 4th Qtr. 2008-09
|
| Sales: Nicco Corporation Limited-Project
Division |
-
|
4,073,029
|
|
|
|
|
| Sales: Nicco Corporation Limited-Baripada
|
49,635
|
58,335
|
|
|
|
|
| Sales: Nicco Corporation Limited-Shymnagar
|
150,452
|
183,478
|
|
|
|
|
| Sales: Nicco Parks & Resorts
Limited |
22,016
|
|
|
|
|
77,571
|
| Expenses: |
|
|
|
|
|
|
| Managerial Remuneration |
|
|
2,337,247
|
2,117,667
|
|
|
| Telephone & Telex & Xerox Charges
( AIDC ) |
|
|
|
|
59143
|
14,136
|
Rent for Helifusion works
( Shyamnagar ) |
714,480
|
705,600
|
|
|
|
|
| Electricity Charges for Helifusion
workshop |
27,602
|
94,707
|
|
|
|
|
| Rent for Head office Premises
|
793,800
|
708,750
|
|
|
|
|
Rent for Leaksealing Compound
Workshop
( Shyamnagar ) |
264,600
|
264,600
|
|
|
|
|
| Electricity charges |
240,000
|
204,000
|
|
|
|
|
| Technical Knowhow Fees |
1,800,000
|
|
|
|
|
|
| Development of Leak Sealing
Compound |
1,650,000
|
|
|
|
|
43,004
|
| Car Hiring Charges |
|
|
|
|
|
|
| Outstandings: |
|
|
|
|
|
|
| Receivable |
19,596,047
|
20,745,471
|
|
|
|
|
| Payable |
|
|
|
|
31,941
|
15,281
|
|
|
| 11). Earning
per share :
|
| Earning per share (Basic &
Diluted)
|
Year Ended
|
Year Ended
|
|
|
31.03.2010
|
31.03.09
|
|
Profit after Tax (Rs.)
|
18,904,826
|
18,518,831
|
|
A. Amount used as numerators in calculating
basic and diluted earning per share.
|
18,904,826
|
18,518,831
|
|
B. Weighted average no. of equity shares
|
|
5,625,375
|
|
C. Earning Per share (Basic) Rs.
|
3.36
|
3.29
|
|
D. Earning Per share (Diluted) Rs.
|
3.36
|
3.29
|
|
|
|
12). Balance in Cash Credit Account
at Allahabad Bank, since being positive, is disclosed
under Cash & Bank Balances [Schedule 8] instead of Secured
Loan.
Cash Credit facility obtained by Company from Allahabad
Bank is secured by first charges on the Company's movable
properties including Plant & Machinery, apparatus, tools
etc. Stock of raw materials, finished & semi finished
products, consumables, stores & spares, book debts,
receivables, investments etc. both present and future.
|
| 13). The adjustment
on gratuity shown in Profit & Loss A/c is arising out
of acturial valuation of LIC in order to comply with Revised
AS - 15 issued by ICAI.
|
| 14).As on 31st March,
2010 an amount of Rs. 177.84 lakhs comprising of Rs. 162.04
lakhs under Sundry Debtors and Rs. 15.80 lakhs under Security
Deposit (net of other credit balances) stands recoverable
from Nicco Corporation Ltd. (NCL). However NCL had informed
that they were presently not in a position to pay this
outstanding sum to NESL as NCL was facing acute financial
crisis. NCL had applied to the Corporate Debt Restructuring
(CDR) Cell for restructuring its debts to Banks and Financial
Institutions. It was also informed that the CDR Cell had
approved the restructuring package for NCL which, inter
alia imposed restrictions on payment of loans / outstandings
to parties other than Banks and payments were required
to be made normally only, after repayment by NCL of the
Term Loans of Banks and Financial Institutions. |
|
Upon reviewing the position the Company
(NESL) had approached NCL for entering into a Scheme
by which NCL would issue, with the approval of the CDR
Cell and shall be priced in accordance with the SEBI
(Issue of Capital and Disclosure Requirements) Regulations,
2009, equity shares for the said amount to a trust to
independently hold the said Shares and to apply benefit
thereof for the benefit of NESL. The draft scheme of
arrangement between NCL and NESL has been approved by
the respective Boards in their separate meetings held
on 6th March, 2010 and NESL has filed the Court Petition
No. 305 dated 23.04.2010 in the High Court at Kolkata.
|
| |
| 15)A. Class
of Goods: Trading Goods. |
| Description
|
Opening Stock as at 01.04.2009
|
Opening Stock as at 01.04.2008
|
|
Qty.
|
Unit
|
Value Rs.
|
Qty.
|
Unit
|
|
| Belzona Metals
|
3,525.500
|
Kg.
|
4,474,249
|
3,120.720
|
Kg.
|
4,859,166
|
| Elastomer & Conditioner
|
1,117.000
|
Nos.
|
1,059,840
|
1,277.170
|
Nos.
|
1,074,854
|
| Wall Coatings
|
906.000
|
Ltr.
|
1,134,036
|
487.000
|
Ltr.
|
672,742
|
| Tapes |
10,002.000
|
Mtr.
|
211,064
|
5,150.000
|
Mtr.
|
136,470
|
| Others |
-
|
--
|
1,706,765
|
-
|
--
|
108,908
|
|
Total :
|
|
|
8,585,954
|
|
|
6,852,140
|
| |
| Description |
Purchase [ 01.04.09 – 31.03.10
]
|
Purchase [ 01.04.08 - 31.03.09
]
|
|
Qty.
|
Unit
|
Value Rs.
|
Qty.
|
Unit
|
|
| Belzona Metals
|
23,738.300
|
Kg.
|
30,657,906
|
22,407.780
|
Kg.
|
32,743,345
|
| Elastomer & Conditioner
|
6,012.000
|
Nos.
|
5,448,375
|
3,980.830
|
Nos.
|
3,323,889
|
| Wall Coatings
|
3,916.000
|
Ltr.
|
4,797,053
|
4,432.000
|
Ltr.
|
5,450,664
|
| Tapes |
23,422.000
|
Mtr.
|
575,852
|
26,580.000
|
Mtr.
|
682,703
|
| Others |
-
|
--
|
11,914,429
|
-
|
--
|
10,380,060
|
|
Total :
|
|
|
53,393,615
|
|
|
52,580,661
|
| |
| Description |
Closing Stock as at 31.03.2010
|
Closing Stock as at 31.03.2009
|
|
Qty.
|
Unit
|
Value Rs.
|
Qty.
|
Unit
|
|
| Belzona Metals
|
4,088.350
|
Kg.
|
5,919,755
|
3,525.500
|
Kg.
|
4,474,249
|
| Elastomer & Conditioner
|
1,581.000
|
Nos.
|
1,394,542
|
1,117.000
|
Nos.
|
1,059,840
|
| Wall Coatings
|
819.000
|
Ltr.
|
1,034,067
|
906.000
|
Ltr.
|
1,134,036
|
| Tapes |
8,510.000
|
Mtr.
|
183,760
|
10,002.000
|
Mtr.
|
211,064
|
| Others |
-
|
--
|
2,081,477
|
-
|
--
|
1,706,765
|
|
Total :
|
|
|
10,613,601
|
|
|
8,585,954
|
| |
| Description |
S a l e [ 01.04.09 – 31.03.10
]
|
S a l e [ 01.04.08 - 31.03.09
]
|
|
Qty.
|
Unit
|
Value Rs.
|
Qty.
|
Unit
|
|
| Belzona Metals
|
23,175.450
|
Kg.
|
84,223,896
|
22,003.000
|
Kg.
|
|
| Elastomer & Conditioner
|
5,548.000
|
Nos.
|
14,313,155
|
4,141.000
|
Nos.
|
9,597,001
|
| Wall Coatings
|
4,003.000
|
Ltr.
|
9,760,325
|
4,013.000
|
Ltr.
|
10,448,436
|
| Tapes |
24,914.000
|
Mtr.
|
1,559,002
|
21,728.000
|
Mtr.
|
1,271,402
|
| Others |
-
|
--
|
16,791,141
|
-
|
--
|
15,108,642
|
|
Total :
|
|
|
126,647,519
|
|
|
124,270,489
|
| Sales includes
demonstration / free sample / consumed at workshop. |
| |
| B.Value of
Stores Consumed: |
| Description
|
For the Period Ended 31.03.2010
|
For the Period Ended 31.03.2009
|
| |
Value
|
|
|
Value
|
|
| |
Rs.
|
|
%
|
Rs.
|
|
%
|
| Imported |
164,827
|
|
0.57
|
192,270
|
|
|
| Indigenous |
28,580,715
|
|
99.43
|
33,418,895
|
|
99.43
|
|
Total :
|
28,745,542
|
|
100.00
|
33,611,165
|
|
100.00
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| C.Value of
Imports on C.I.F. basis: |
| Description
|
For the Period Ended 31.03.2010
|
For the Period Ended 31.03.2009
|
|
Rs.
|
Rs.
|
| a) Stores & Spares
|
1,123,083
|
1,058,619
|
| b) Trading Goods
|
35,226,816
|
31,882,975
|
|
Total
|
36,349,899
|
32,941,594
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| D.Earning in
foreign currency : |
| Description
|
For the Period Ended 31.03.2010
|
For the Period Ended 31.03.2009
|
|
Rs.
|
Rs.
|
| a) FOB value of
Exports
|
7,374,688
|
5,809,645
|
| b) Others
|
2,644,448
|
1,676,907
|
|
Total
|
10,019,136
|
7,486,552
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| E.Expenditure
paid or payable in foreign currency : |
| Description
|
|
For the Period Ended 31.03.2010
|
For the Period Ended 31.03.2009
|
|
|
Rs.
|
Rs.
|
| a) Foreign Travelling
|
2,239,095
|
1,800,112
|
|
Total
|
2,239,095
|
1,800,112
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| The Schedules
referred to above form an integral part of the Balance
Sheet |
| As per our Report
attached |
On behalf of the Board
of Directors
|
| |
|
For SINGHI &
CO.
Chartered Accountants |
A K DOSHI,
Director & Chairman Audit Committee
|
| |
|
Sankar Banerjee
Partner
Membership No 8230
FRN : 302049E |
SHIV SIDDHANT NARAYAN
KAUL,
Managing Director
|
| |
|
1B Old Post Office
Street
Kolkata, the 24th day of April, 2010 |
SUNIL KR. PAL,
Director
|
| |
|
|
