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Consolidated Profit and Loss Account
For the year ended March 31, 2009
| Annual Report 2008-09
As per our attached report of even date
For and on behalf of the Board of Directors
For & on behalf of
Dalal & Shah
G S Patel
Sunil S Lalbhai
Chartered Accountants
B S Mehta
Chairman and Managing Director
H S Shah
Ashish S Dalal
T R Gopi Kannan
S M Datta
Partner
President, Finance and
B N Mohanan
Samveg A Lalbhai
Membership No 033596
Company Secretary
Directors
Managing Director
Mumbai
Mumbai
June 05, 2009
May 29, 2009
(Rs in lacs)
INCOME:
Gross sales
127,143.86
110,181.80
Less: Excise duty
6,916.61
7,372.20
Net sales
120,227.25
102,809.60
Operating income
9
2,165.68
1,608.03
Sales and operating income
122,392.93
104,417.63
Other income
10
1,334.41
2,044.50
123,727.34
106,462.13
EXPENDITURE:
Cost of goods sold and materials consumed
11
65,911.25
60,237.64
Manufacturing expenditure
12
20,365.39
19,005.90
Employees' emoluments
13
9,468.40
8,412.18
Interest and finance charges
14
4,140.85
3,294.37
Others
15
11,244.18
9,672.37
Exchange rate difference
4,381.11
(345.82)
Depreciation & amortisation
3,364.73
2,967.85
Amortisation of leasehold land
27.97
4.78
3,392.70
2,972.63
Less: Amount withdrawn from revaluation reserve
205.84
-
3,186.86
2,972.63
118,698.04
103,249.27
Profit before tax
5,029.30
3,212.86
Tax expenses:
Current tax
766.39
385.27
Deferred tax
162.86
64.71
Wealth tax
9.50
9.70
Fringe benefit tax
82.26
75.23
1,021.01
534.91
Less: MAT credit entitlement
-
257.00
1,021.01
277.91
PROFIT FOR THE YEAR
4,008.29
2,934.95
Tax adjustments relating to earlier years:
Income tax | wealth tax
110.53
-
Additional MAT entitlement for the earlier years
119.00
112.00
4,237.82
3,046.95
As per last account
20,103.50
18,463.83
24,341.32
21,510.78
General reserve
378.70
366.20
Proposed dividend
889.85
889.85
Corporate dividend tax on above
151.23
151.23
1,041.08
1,041.08
Balance carried to Balance Sheet
22,921.54
20,103.50
Basic | diluted Earning per Share (see Note 10)
Rs14.29
Rs10.27
Notes forming part of the Accounts
16
Schedule
2008-09
2007-08
89