|
|
 |
Balance Sheet As at 31st
March, 2011
| . |
Schedule No.
|
As at
31.03.2011
(Rs. in Lakhs) |
As at
31.03.2010(Rs. in Lakhs) |
| SOURCES
OF FUNDS |
|
|
|
| 1.
Shareholders’ Funds |
|
|
|
| a. Share
Capital |
1 |
66,270.43 |
66,270.43 |
|
b. Share Application Deposit |
1A |
5,460.00 |
5,460.00 |
|
c. Reserves & Surplus |
2 |
6,010.47 |
12,344.66 |
|
Total |
|
77,740.90 |
84,075.09 |
| 2.
Loan Funds |
3 |
|
|
|
a. Secured |
|
50.00 |
92.50 |
|
b. Unsecured |
|
15,900.01 |
15,741.01 |
|
Total |
|
15,950.01 |
15,833.51 |
|
3. Deferred Tax
Liability |
3A |
0.00 |
0.00 |
| Total |
|
93,690.91 |
99,908.60 |
| APPLICATION
OF FUNDS |
|
|
|
| 1. Fixed
Assets |
|
|
|
| a. Gross
Block |
4 |
95,071.15 |
94,872.10 |
| b. Less
Depreciation |
|
69,913.31 |
67,636.39 |
| c. Net Block |
|
25,157.84 |
27,235.71 |
| d. Capital
Work-in-Progress |
5 |
5,633.43 |
5,359.76 |
| 2.
Investments |
6 |
21,397.30 |
21,397.30 |
| 3.
Current
Assets, Loan and Advances |
|
|
|
| a.
Inventories |
7 |
11,771.63 |
18,610.85 |
| b. Sundry
Debtors |
8 |
13,012.67 |
9,859.66 |
| c. Cash &
Bank Balances |
9 |
6,739.15 |
14,116.82 |
| d. Loans
& Advances |
10 |
27,349.55 |
26,120.25 |
| e. Interest
Accrued on Deposits |
|
92.90 |
299.31 |
| Total |
|
58,965.90 |
69,006.89 |
|
Less: Current Liabilities and Provisions |
11 |
20,423.29 |
23,215.83 |
|
Net Current Assets |
|
38,542.61 |
45,791.06 |
|
4. Deferred Tax Asset |
3A |
2,959.73 |
124.77 |
|
Total |
|
93,690.91 |
99,908.60 |
|
Accounting Policies |
23 |
|
|
|
Notes on Accounts |
24 |
|
|
|
Schedules 1 to 11, 23 and 24 form an integral part of the Balance Sheet. |
|
|
|
|
|
In terms of our report of even date attached. |
For S. K. BASU & CO.
Chartered Accountants |
L. R. EKANATH
Company Secretary
|
S. K. BASU
Partner
Membership No. : 04707(Firm No.301026E)
Place: 6, Old Post Office Street, Kolkata - 700 001
Date :26.08.2011.
|
AMITABH BANERJEE
Director (Finance) |
M.V.NARASIMHA RAO
Chairman-cum-Managing Director |
|
|
Profit & Loss Account for the year ended 31st
March, 2011 |
|
| . |
Schedule No.
|
As at
31.03.2011
(Rs. in Lakhs) |
As at
31.03.2010(Rs. in Lakhs) |
|
INCOME |
|
|
|
|
Sales |
|
|
|
|
Paper |
|
65,705.11 |
57,939.79 |
|
Less: Excise duty & Cess |
|
1,452.22 |
1,098.48 |
|
Caustic and Chlorine |
|
473.57 |
856.47 |
|
Less: Excise duty & Cess |
|
44.22 |
66.27 |
|
Dividend from a Subsidiary Company |
|
0.00 |
0.00 |
|
Internal Consumption of Writing & Printing Paper and wrapper |
|
16.51 |
15.48 |
|
Accretion/(Decretion) to stock |
12 |
(4,687.42) |
(5,143.24) |
|
Interest Income |
13 |
437.64 |
1,470.45 |
|
Other Income |
14 |
298.32 |
755.13 |
|
Provisions/liabilities no longer required written back |
|
1,465.76 |
2,047.13 |
|
Total |
|
62,213.05 |
67,062.94 |
|
EXPENDITURE |
|
|
|
|
Raw Materials Consumed |
15 |
16,218.33 |
15,702.85 |
|
Chemicals and other Materials Consumed |
16 |
8,149.67 |
9,265.81 |
|
Power & Fuel |
17 |
16,514.63 |
17,439.19 |
|
Repairs & Maintenance |
18 |
3,239.34 |
4,176.78 |
|
Employees' Remuneration & Benefits |
19 |
15,948.64 |
18,014.68 |
|
Other Expenses |
20 |
9,366.86 |
8,836.96 |
|
Excise duty & Cess on Stock of Paper [net of Accretion/(Decretion)
to stock] |
|
(158.64) |
230.12 |
|
Interest Charges |
21 |
96.76 |
16.77 |
|
Depreciation |
|
2,183.09 |
2,502.02 |
|
Total |
|
71,558.68 |
76,185.18 |
|
Less: Allocated to Subsidiaries |
|
|
|
|
[Refer Note No.6(a)] |
|
602.01 |
681.00 |
| |
|
70,956.67 |
75,504.18 |
|
Profit(+)/Loss(-) for the year brought forward: |
|
-8,743.62 |
-8,441.24 |
|
Prior Period Adjustments (Net) |
22 |
425.53 |
1214.64 |
|
Profit(+)/Loss(-) Before Tax |
|
-9,169.15 |
-9,655.88 |
|
Less: Income Tax Expense: |
|
|
|
|
- Current Tax |
|
0.00 |
0.00 |
|
- Deferred Tax |
|
2,834.96 |
-3,326.01 |
| |
|
2,834.96 |
-3,326.01 |
|
- Fringe Benefit Tax |
|
0.00 |
0.00 |
| |
|
2,834.96 |
3,326.01 |
|
Profit(+)/Loss(-) After Tax |
|
-6,334.19 |
-6,329.87 |
|
Profit/Loss brought forward from
Previous Year |
|
7,833.62 |
14,731.28 |
|
Transfer to Capital Redemption
Reserve |
|
0.00 |
567.78 |
| |
|
7,833.63 |
14,163.50 |
|
Profit/Loss available for
Appropriation |
|
1,499.44 |
7,833.63 |
|
Proposed Dividend: |
|
|
|
|
On Redeemable Preference Share
Capital |
|
0.00 |
0.00 |
|
On Equity Capital |
|
0.00 |
0.00 |
|
Provision for Dividend Tax |
|
0.00 |
0.00 |
|
Balance Profit(+)/Loss(-) carried
to Balance Sheet |
|
1,499.44 |
7,833.63 |
|
Earning per Share (EPS) -Basic &
Diluted |
|
-112.37 |
-112.29 |
|
Accounting Policies |
23 |
|
|
|
Notes on Accounts |
24 |
|
|
|
Schedules 12 to 24 form an
integral part of the Profit & Loss Account. |
|
|
|
|
|
|
|
In terms of our report of even date
attached.s |
|
|
For S. K. BASU & CO.
Chartered Accountants |
L. R. EKANATH
Company Secretary
|
S. K. BASU
Partner
Membership No. : 04707(Firm No.301026E)
Place: 6, Old Post Office Street, Kolkata - 700 001
Date :26.08.2011.
|
AMITABH BANERJEE
Director (Finance) |
M.V.NARASIMHA RAO
Chairman-cum-Managing Director |
|
|
|
|
|
