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Safety, HealthandEnvironment Serving the Society Directors’ Report Management Discussion andAnalysis Report on Corporate Governance
Financial Statements
(Rs crores)
Particulars
Schedule
2009-10
2008-09
INCOME
Gross sales
1,249.82
1,271.44
Less: Excise duty
57.84
69.17
Net sales
1,191.98 1,202.27
Operating income
9
31.75
32.13
Sales and operating income
1,223.73 1,234.40
Other income
10
5.38
4.63
1,229.11
1,239.03
EXPENDITURE
Cost of goods sold and materials consumed
11
674.75
691.63
Manufacturing expenditure
12
181.88
174.59
Employees' emoluments
13
106.12
94.68
Interest and finance charges
14
25.63
41.41
Others
15
115.55
109.67
Exchange rate difference
8.86
44.89
Depreciation and amortisation
39.20
33.65
Amortisation of leasehold land
0.28
0.28
39.48
33.93
Less: Amount withdrawn from revaluation reserve
2.06
2.06
37.42
31.87
1,150.21 1,188.74
Profit before tax
78.90
50.29
Provision for tax
Current tax
22.29
7.66
Deferred tax
4.85
1.63
Wealth tax
0.10
0.10
Fringe benefit tax
-
0.82
27.24
10.21
PROFIT FOR THE YEAR
51.66
40.08
Minority interest
0.08
-
PROFIT available for appropriation
51.58
40.08
Add: Tax adjustments relating to earlier years
Income tax and wealth tax
0.04
1.11
Additional MAT entitlement for the earlier years
3.89
1.19
55.51
42.38
As per last account
229.22 201.04
284.73 243.42
Appropriations
General reserve
5.68
3.79
Proposed dividend
11.87
8.90
Corporate dividend tax on above
1.97
1.51
13.84
10.41
Balance carried to Balance Sheet
265.21 229.22
Basic | diluted Earning per Share (see Note 9)
Rs 18.71 Rs 14.29
Notes forming part of the Accounts
16
Consolidated Profit and Loss Account
for the year ended March 31,
2010
As per our attached report of even date
For and on behalf of the Board of Directors
For Dalal and Shah
Firm Registration No 102020W
G S Patel
Sunil S Lalbhai
Chartered Accountants
B S Mehta
Chairman and Managing
H S Shah
Director
S M Datta
S Venkatesh
R A Shah
Partner
T R Gopi Kannan V S Rangan
Samveg A Lalbhai
Membership No 037942
President, Finance and
B N Mohanan
Managing Director
Mumbai
Company Secretary
Directors
Mumbai
July 19, 2010
July 19, 2010