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Corporate Identity Serving Diverse Industries Purpose and Values Overview by the Chairman Operational Highlights Financial Analysis Research and Technology
Safety, HealthandEnvironment Serving the Society Directors’ Report Management Discussion andAnalysis Report on Corporate Governance
Financial Statements
5 C I F value of imports, remittances, expenditure and earnings in
foreign currency
(a) C I F value of imports:
Raw materials
154.25 190.09
Finished goods - for trading
4.05
8.76
Capital goods
0.80
9.67
(b) Expenditure in foreign currency:
Commission
3.80
4.11
Other matters
7.94
5.15
(c) Remittances:
Loan repayments
28.24
5.88
(d) Earnings in foreign currency:
F O B value of exports
491.25 560.83
6 Managerial Remuneration
(a) Calculation of Directors, Managing and Executive Directors’ commission:
Computation of Net Profit as per Section 349 of the Companies
Act, 1956
Profit as per Profit and Loss Account
56.81 37.87
Add: Managing Directors’ remuneration (including perquisites)
2.41
1.53
Executive I Wholetime Directors’ remuneration (including perquisites)
0.56
0.96
Directors’ commission
0.27
0.12
Depreciation
37.30
31.72
Provision for taxation
22.94
7.82
Provision for diminution in value of investments
0.11
-
Payment under VRS scheme
1.82
0.94
65.41 43.09
122.22 80.96
Less: Depreciation under section 350
37.30 31.72
Net Profit as per Section 349 of the Companies Act, 1956
84.92 49.24
(i) Commission to Chairman and Managing Director:
1% of the profit computed above Rs 0.85 crore
Maximum upto Rs 0.93 crore
0.85
0.37
Commission to Managing Director:
0.50% of the profit computed above Rs 0.42 crore
Maximum upto Rs 0.40 crore
0.40
0.25
1.25
0.62
Schedule
forming part of the accounts
(Rs crores)
SCHEDULE 16 NOTES FORMING PART OF THE ACCOUNTS
(contd)
2009-10
2008-09