KVA Financials FY 2010-11 - FSG Rev1
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7/28/2019 KVA Financials FY 2010-11 - FSG Rev1
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Schedules Previous Year
Rupees Rupees Rupees
SOURCE OF FUNDS :
SHAREHOLDERS' FUNDS :
a) Share Capital 1 5,000,000 3,225,600
b) Reserves And Surplus 2 167,525,943 84,264,339
Total Shareholders' Funds 172,525,943 87,489,939
LOAN FUNDS :
Secured Loans 3
Unsecured Loans 4 - 80,000,000
- 80,000,000
Deferred Tax Liability - 839,569
Total Funds Employed 172,525,943 168,329,508
APPLICATION OF FUNDS :
Fixed Assets- 5Gross Block 287,870,880 274,429,028
Less: Depreciation 195,940,382 179,536,180
Net Block 91,930,498 94,892,848
Capital Work-in-Progress 2,809,400 5,137,764
( Including Advances for Capital Expenditure ) 94,739,898 100,030,612
Investments 6 12,880 12,880
Deferred Tax Assets 1,205,307 -
Current Assets, Loans And Advances 7 305,037,531 155,679,681
Less: Current Liabilities And Provisions 8 228,469,673 87,393,665
76,567,858 68,286,016
Total Net Assets 172,525,943 168,329,508
Significant Accounting Policies and Notes
to Account
The Schedules referred to above and attached notes form part of the Balance Sheet.
This is the Balance Sheet referred to in our Report of even date.
For BATLIBOI & PUROHIT For and on behalf of the Board
Chartered Accountants
Reg. No. 101048 W
K. A. MEHTA
Partner
Membership No. 111749
MUMBAI
DATED : Directors
K. V. AROCHEM PRIVATE LIMITED
BALANCE SHEET AS AT 31ST MARCH, 2011
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Schedules Previous Year
Rupees Rupees Rupees
INCOME :
Sales And Other Income 9 392,273,670 272,717,392
Increase/(Decrease) in Stock of Finished 10 41,209,294 10,868,973
& Semi-finished Goods 433,482,964 283,586,365
EXPENDITURE :
Manufacturing And Other Expenses 11 404,601,255 256,737,017
Depreciation 16,404,202 16,920,977
Interest 6,385,204 7,556,996
Total Expenditure 427,390,661 281,214,990
Profit before tax 6,092,303 2,371,375
Provision for Tax :
For Income Tax (3,100,000) (825,000)
For Fringe Benefit Tax - -
For Deferred Tax 2,044,876 90,935
Profit after tax 5,037,179 1,637,310
Disposable profit set aside for -
a) General Reserve - 1,637,310
Balance carried to Balance Sheet 5,037,179 Nil
Basic and Diluted earning per share 152.04 50.76
( ref . Note no.
Significant Accounting Policies and Notes
to Account 12
The Schedules referred to above and the attached notes form part of the Profit & Loss Account.This is the Profit & Loss Account referred to in our Report of even date.
For BATLIBOI & PUROHIT For and on behalf of the Board
Chartered Accountants
Reg. No. 101048 W
K. A. MEHTA
Partner
Membership No. 111749
MUMBAI
DATED : Directors
K. V. AROCHEM PRIVATE LIMITED
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2011
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K. V. AROCHEM PRIVATE LIMITED
SCHEDULES FORMING PART OF THE BALANCE SHEET AS AT 31ST MARCH, 2011
Rupees Rupees
1. SHARE CAPITAL :
AUTHORISED :50,000 Equity Shares of Rs.100/- each 5,000,000
ISSUED , SUBSCRIBED & Paid up :
50000 (P.Y.32256) Equity Shares of Rs.100/-
each fully paid-up (including 28224 (P.Y.28224)
Equity Shares of Rs.100/- each issued as
Bonus Shares by capitalisation of General Reserve)
M/s S.H.Kelkar & Co.Pvt.Ltd, Mumbai (The Holding Company)
is holding 49760 (P.Y.32016) Equity Shares.
1.01 5,000,000
5,000,000
2. RESERVES & SURPLUS :
GENERAL RESERVE -
As per last Balance Sheet 2.01 80,983,433
Add - Transferred from Profit & Loss Account -
80,983,433
SHARE PREMIUM 2.02 78,224,424
CAPITAL RESERVE - 2.03 3,280,907
Profit & Loss Account 2.04 5,037,179
167,525,943
3 Secured Loans
WCDL - HDFC 3.03
4 UNSECURED LOANS :
From Holding Company 4.01 -
-
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K. V. AROCHEM PRIVATE LIMITED
SCHEDULES FORMING PART OF THE BALANCE SHEET AS AT 31ST MARCH, 2011
Rupees Rupees
6 INVESTMENTS ( Long Term )
A) TRADE ( UNQUOTED ) :
a) 50 Shares of Keva Flavours Pvt.Ltd. of Rs.100/- each 6.01 5,000
b) 100 Shares of Keva Biotech Pvt.Ltd. of Rs.10/- each 6.01 1,000
B) OTHERS ( QUOTED ) :
16 Equity Shares of Reliance Industries Ltd. of Rs.10/- each fully 6.02 6,880
paid up. (Market value as on 31-03-2011 Rs.16765/-)
12,880
7 CURRENT ASSETS LOANS & ADVANCES :
A) CURRENT ASSETS :
STOCK (As taken, valued and certified by a Director)
Packing Materials & Fuels 7.01.01 4,977,617
Raw Materials 7.01.02 77,519,211
Finished Goods 7.01.03 33,588,894
Semi Finished Goods 7.01.04 79,830,865
Work in Process 7.01.05 -
195,916,587
SUNDRY DEBTORS:
(Unsecured but considered good , unless otherwise stated)
Debts Exceeding Six months 469,384
Other Debts 7.02.01 69,886,968
70,356,352
Balance C/fd 266,272,939
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K. V. AROCHEM PRIVATE LIMITED
SCHEDULES FORMING PART OF THE BALANCE SHEET AS AT 31ST MARCH, 2011
Rupees Rupees
Balance B/fd 266,272,939
CASH AND BANK BALANCES :
Cash on hand 7.03.01 154,428
In Current Accounts with Scheduled Banks 7.03.02 9,051,021
(including Rs.27,464/- (P.Y.Rs.27,766 /-) in Foreign Currency)
In Fixed Deposits with Banks 7.03.03 155,769
B) LOANS & ADVANCES :
(Unsecured but considered good, unless otherwise stated)
Advanes recoverable in cash or kind or for the value to be received 7.04.01 1,880,358
Interest Receivable 7.04.02 146,657
Deposit with Central Excise 7.04.03 17,354,534
Other Deposits 7.04.04 5,461,452
Advance Payment of Tax (Net of Provision) 7.04.05 4,560,373
305,037,531
8 CURRENT LIABILITIES & PROVISIONS :
A) CURRENT LIABILITIES :
Sundry Creditors* 8.01.01 82,517,946
Due to Holding Company 8.01.02 122,006,372
Advance from Cutomers 8.01.03 110,648
Other Liabilities 8.01.04 13,950,838
B) PROVISIONS : -
Leave Encashment 8.02.01 4,701,000
Gratuity 8.02.02 5,182,870
228,469,673
*The Company has not received information from vendors regarding their status
under the Micro,Small and Medium Enterprises Department Act,2006 and hence
disclosure regarding to amounts unpaid as at the year end together with interest
paid/payable under this Act have not been given.
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K. V. AROCHEM PRIVATE LIMITED
SCHEDULES FORMING PART OF THE PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2010
Rupees Rupees
9 SALES & OTHER INCOME :
SALES 9.01 394,080,755
Less: Excise Duty 9.02 24,211,043
369,869,712
OTHER INCOME -
Sales of scrap 9.03 3,912,757
Interest 9.04 366,339
Miscellaneous Income 9.05 1,712
Processing Charges (Tax deducted at Source 9.06 18,123,150
Rs. 3,46,917/-), (Previous year Rs. 8,43,567/-)
392,273,670
10 INCREASE IN STOCK :
Closing Stock
Finished Goods 33,588,894Semi-finished goods 79,830,865
Work in Process -
113,419,759
Opening Stock
Finished Goods 41,501,788
Semi-finished goods 25,615,982
Work in porocess 5,092,695
72,210,465
Total Increase/ (Decrease) 41,209,294
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K. V. AROCHEM PRIVATE LIMITED
SCHEDULES FORMING PART OF THE PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2011
Rupees
11 MANUFACTURING & OTHER EXPENSES :
) Raw Material consumed -
Opening Stock 32,467,504
Add: Purchases during the year 11.01.01 322,212,399
354,679,903
Less: Closing Stock 77,519,211
277,160,692
ii) Payments to & Provisions for Employees :
a) Salaries, Wages & Bonus 11.02.01 30,599,354
b) Gratuity and Leave Encashment 11.02.02 7,844,203
c) Contribution to Superannuation Fund 11.02.03 35,910
e) Contribution to Employees Provident Fund and Other Funds 11.02.04 2,742,504
f) Staff Welfare Expenses 11.02.05 2,638,43243,860,403
iii) Operational and other Expenses -
a) Fuel consumed 11.03.01 21,605,148
b) Electricity & Power consumed 11.03.02 15,541,226
c) Packing Material consumed 11.03.03 9,233,967
d) Water Charges 11.03.04 1,795,619
e) Stores, Spares consumed 11.03.05 6,456,577
f) Rent, Rates & Taxes 11.03.06 6,397,176
g) Postage, Telegram & Telephone 11.03.07 372,692
h) Printing and Stationenry 11.03.08 385,719
i) Coolie & Cartage 11.03.09 206,340
j) Travelling & Conveyance 11.03.10 365,024
k) Representation Charges 11.03.11 1,877,864
l) Insurance 11.03.12 753,147m) Consultation & Legal Charges 11.03.13 1,746,644
66,737,143
Balance C/fd 387,758,237
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K. V. AROCHEM PRIVATE LIMITED
SCHEDULES FORMING PART OF THE PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2011
Rupees
Balance B/fd 387,758,237
n) Remuneration to Auditors -
1) Statutory Audit Fees 11.03.14 50,000
2) Tax Audit Fees 11.03.15 35,000
3) Out of Pocket Expenses 11.03.16 -
85,000
o) Repairs & Maintenance -
1) Plant & Machinery 11.03.17 5,179,479
2) Building 11.03.18 2,185,650
3) Others 11.03.19 385,035
7,750,164
p) Loss on Fluctuation of Foreign Exchange ( Net ) 11.03.20 867,979
q) Factory Security Charges 11.03.21 2,253,797
r) Carriage Outward 11.03.22 1,904,795
s) Clearing & Forwarding Charges 11.03.23 2,187,881t) Miscellaneous Expenses 11.03.24 1,214,515
u) Sales Tax & Central Excise 11.03.25 102,859
v) Reprocessing Charges 11.03.26 476,028
404,601,255
Signature to Schedule 1 to 11
For BATLIBOI & PUROHIT For and on be
Chartered Accountants
Reg. No. 101048 W
K. A. MEHTA
Partner
Membership No. 111749
MUMBAI
DATED :
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K. V. AROCHEM PRIVATE LIMITED
Previous Year
Rupees
5,000,000
3,225,600
3,225,600
79,346,122
1,637,310
80,983,432
3,280,907
-
84,264,339
80,000,000
80,000,000
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K. V. AROCHEM PRIVATE LIMITED
Previous Year
Rupees
5,000
1,000
6,880
12,880
2,893,400
32,467,504
41,501,788
25,615,982
5,092,695
107,571,369
155,147
24,039,635
24,194,782
131,766,151
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K. V. AROCHEM PRIVATE LIMITED
Previous Year
Rupees
131,766,151
117,551
7,407,024
152,274
1,330,170
241,672
2,737,316
4,659,509
7,268,014
155,679,681
25,989,281
45,751,231
156,080
11,425,073
4,072,000
-
87,393,665
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K. V. AROCHEM PRIVATE LIMITED
Previous Year
Rupees
247,196,401
17,190,396
230,006,005
1,019,915
527,868
104
41,163,500
272,717,392
41,501,78825,615,982
5,092,695
72,210,465
21,078,636
20,741,541
19,521,315
61,341,492
10,868,973
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K. V. AROCHEM PRIVATE LIMITED
Previous Year
Rupees
28,187,023
161,005,939
189,192,962
32,467,504
156,725,458
29,420,366
1,787,001
60,368
2,324,077
2,110,78835,702,600
16,246,314
15,423,496
6,500,133
1,489,403
5,156,062
2,202,756
312,591
270,718
73,980
192,937
1,179,397
452,428 1,725,282
51,225,497
243,653,555
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K. V. AROCHEM PRIVATE LIMITED
Previous Year
Rupees
243,653,555
50,000
35,000
8,196
93,196
5,077,444
974,945
288,977
6,341,366
30,879
2,226,223
1,182,909
45,509713,493
2,324,095
125,792
256,737,017
half of the Board
Directors
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Balance Sheet Grouping 2010-11
Particular Amount Amount
(Rs.) (Rs.)
1 Fixed Assets
Land A/c 1,675,641.00
Building & Road A/c
Building & Road ETP A/c 2671238.00Building & Road Shed A/c 207886.00
Building & Road Staff Quater A/c 1893215.00
Factory Building A/c 22633008.00
Other Building A/c 5676935.00
Tubewell A/c 3942.00 33,086,224.00
Residential Flats A/c 1,199,469.00
Equipment A/c
Office Equipments A/c 156637.00
Other Equipments A/c 2060890.00
Plant & Machinery A/c
Computer A/c 267444.00
Electrical Installation A/c 2937201.00
P & Mach (Bio-Mass) A/c 228434.00
P & Mach (Boiler) A/c 1056353.00P & Mach (New Boiler) A/c 847788.00
P & Mach (Coolng Tower) A/c 194377.00
P & Mach (D.G. Set ) A/c 256807.00
P & Mach (E.T.P.) A/c 3619137.00
P & Mach (Incinerator) A/c 24535.00
P & Mach (P:1) A/c 1522099.00
P & Mach (P:2) A/c 1651596.00
P & Mach (P:3) A/c 6725319.00
P & Mach (P:4) A/c 4600354.00
P & Mach (P:5) A/c 1965112.00
P & Mach (P:6) A/c 8060703.00
P & Mach (P:7) A/c 8454060.00
P & Mach (P:8) A/C 4958542.00
443092.00161757.00
P & Mach (Pipeline) A/c 1148967.00
P & Mach (Pump House) A/c 16579.00
P & Mach (Shed) A/c 222.00
P & Mach (Tank) A/c 3347144.00 54,705,149.00
Capital Work in Progress A/c 2,563,721.00
Furniture & Fixtures A/c 1,244,412.00
Vehicles A/c 193,776.00
2 Closing Stocks
Store ,Spare Parts 3,108,044.00
Packing Material 956,223.00
Fuel Stock 913,350.00 4,977,617.00
Raw Material 77,519,211.00
Finished Goods 33,588,894.00
Semi Finished Goods 79,830,865.00
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Work in Process -
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3 Cash in Hand
Mumbai 7,356.00
Vapi 147,072.00 154,428.00
4 Bank Accounts
ANZ Grindlays Bank Lerms A/c 27,464.00
Bank of Baroda A/c 77,211.35ICICI Bank A/c 3444 8,502,583.36
ICICI Bank A/c 3481 180,780.91
ICICI Bank A/c 3482 53,157.24
Standard Chartered Bank 159,457.13
ICICI Bank Fort Branch 20,535.59
SBT A/c. 57000316217 17,011.67
SBT (Dividend) Bank A/c 1,160.00
State Bank Of India A/c 11,660.12 9,051,021.37
5 Deposits With Bank 155,769.00
6 Advance Against Capital Expenditure -
7 Advance Against Purchases -
8 Advance Against Expenses 133,289.00
9 Loan & Advances
Advance to Employees A/c 29,327.00
Diwali Advance to Employees a/c -
Loan to Employees A/c 1,210,000.00 1,239,327.00
10 Interest Receivable 146,657.00
11 Prepaid Expenses 507,742.00
12 Other Duties Taxes (Excise & Ser.Tax)
RG 23 Part ( C ) Receivable A/c 189,713.00Excise Duty (Pur.) RG 23 A/c 13,742,870.00
Edu. Cess (Pur. ) RG 23 A/c 177,436.00
S. & H. Edu. Cess (Pur) RG 23 A/c 89,794.00
C.Ex.Duty ( Goods in Transit ) 2,797,566.00
Edu. Cess on Ser.Tax (Cenvat) A/c 3,316.00
Service Tax (Cenvat) 165,995.00
S.H.Edu. Cess on Ser. Tax (Cenvat) 1,661.00
Service Tax Receivable A/c 180,003.95
Edu. Cess On Ser. Tax Rec. A/c 4,178.57
S. & H. Edu. Cess on Ser. Tax Rec. A/c 2,000.24 17,354,533.76
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Particular Amount Amount
(Rs.) (Rs.)
13 Deposits
Deposits for Room Ajit Tol 30,000.00
Deposits for Room Tandon 30,000.00
Deposits to D.G.V.C.L. 2,217,998.00Deposits to D.G.V.C.L. Dungra 6,472.00
Deposits to D.G.V.C.L. (Adv. Complex) 3,855.00
Deposits to D.G.V.C.L. (Mithun Park) 2,293.00
Deposits with GSPC 3,080,000.00
Deposits to Haria Hospital 20,000.00
Deposits with BSNL 20,160.00
Deposits with Vadilal Chemicals Ltd. 35,000.00
Term Deposit with SBI (Deposited with the 1,500.00
Prohibition & State Excise Department, Valsad
as security against Methanol Licence)
Deposit with G.I.D.C. ( Water ) 14,174.00 5,461,452.00
14 Advance Tax & Tds
Adv Tax & Tds A.Y.2006-2007 6,827,292.00Adv Tax & Tds A.Y.2007-2008 3,488,017.00
Adv Tax & Tds A.Y.2008-2009 2,080,257.00
Adv Tax & Tds A.Y.2009-2010 1,800,217.00
Adv Tax & Tds A.Y.2010-2011 928,682.00
Adv Tax & Tds A.Y.2011-2012 392,359.00
FBT ( F.Y.2005-06 ) A/c 245,549.00
FBT (F.Y. 2006-07 )A/c 160,000.00
FBT (F.Y.2007-08 )A/c 350,000.00
FBT (F.Y.2008-09 )A/c 350,000.00
FBT (F.Y.2009-10 ) A/c 100,000.00 16,722,373.00
15 Sundry Creditors
a Sundry Creditor For Goods Supplied
Other than holding Co. 82,517,945.78
Due to Holding Co. 122,006,371.55 204,524,317.33
b Credit Balance in Sundry Debtors A/c 110,647.80
c Sundry Creditors for Expenses
Sundry Creditors for Expenses 4,739,425.00
Sundry Creditor For Other 78,719.00
Add: General Ledger
C.Ex. Duty RG 23 Stock A/c 3,158,454.00
Employee Society A/c 111,134.50
E.S.I. payable ( c ) A/c 7,549.00E.S.I. payable ( Wages ) A/c 85,251.00
Life Insurance Corp. of India A/c 66,394.60
P.F.Payable A/c 344,114.00
P.T. Payable A/c 24,120.00
Salaries Payable A/c 406,708.00
Salary Wages Arrears Payable A/c 151,557.00
Wages Payable 1,076,625.00
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TCS 40.00
TDS ( C ) 32,203.00
TDS ( P ) 44,579.00
TDS on Salaries 114,260.00
Sales Tax Payable 442,670.00
Representation Charges Payable A/C 462,762.00
Outstanding Liabilities A/c 2,604,273.00 13,950,838.10
16 Provision for Tax
Provision for Income Tax 11,325,000.00
Provision for F.B.T. 837,000.00 12,162,000.00
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5. SCHEDULE OF FIXED ASSETS ANNEXED TO AND FORMING PART OF THE BALANCE SHEET AS AT 31 ST MARCH, 2011
As on Additions during Deductions As on As on Provided Deduction
Particulars 3/31/2010 the year During the 3/31/2011 3/31/2010 During the During the
year year year
1 2 3 4 5 6 7
Leasehold Land 1,675,641 - - 1,675,641 - - -
Factory Bldg.& Sheds 63,476,849 721,990 - 64,198,839 27,892,994 3,219,621 -
Residential Flats 2,119,614 - - 2,119,614 857,015 63,130 -
Plant & Machinery 203,470,836 12,373,793 - 215,844,629 148,494,962 12,818,691 -
Furniture & Fixtures 2,864,309 346,069 - 3,210,378 1,730,901 235,065 -
Motor Cars & Vehicles 821,779 - - 821,779 560,308 67,695 -
Grand Total .. 274,429,028 13,441,852 - 287,870,880 179,536,180 16,404,202 -
Previous Year . 261,043,805 13,424,588 39,365.00 274,429,028 162,653,186 16,920,977 37,98
Capital Work-in-Progress 5,137,764 2,328,364- - 2,809,400 - - -
GROSS BLOCK DEPRECIATION
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K. V. AROCHEM PVT. LTD.
GROUPINGS OF PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31-03-2011
PARTICULAR
RUPEES RUPEES RUPEES
A] Payment to & Provisions for Employees:
a) I) Factory Salary 4,342,670.58 3,660,008.94ii) Notice Pay - -
b) Factory Wages 11,381,717.18 11,010,794.82
c) Paise Adjustment 1,018.23 645.43
d) Performance Allowance(Special ) 7,340,165.49 7,274,999.15
e) Overtime 481,110.78 274,816.53
f) Bonus 1,055,201.00 1,211,234.00
g) Staff Quarter Expenses 487,606.80 328,816.00
h) Leave Travel Allowance 1,372,575.00 1,430,205.00
i) Apprentice Wages 87,458.00 90,586.00j) H. R. A. 606,178.83 683,471.20k) Ex-Gratia 519,269.00 516,196.00
m) Medical Expenses 81,950.00 87,855.00
n) Medical Allowance 430,426.00 666,223.00
o) Temporary Labour Charges 2,412,007.00 30,599,353.89 2,184,515.00
B] Company's Contribution
a) E. P. F. 906,225.00 803,938.00b) F. P. F. 928,239.00 939,746.00c) Admn. Charges of EPF/FPF 168,084.00 159,753.00
d) Admn. Charges of E. D. L. I. F. 763.00 728.00e) E. S. I. C. 739,192.65 2,742,503.65 419,911.65
C] Staff Welfare Expenses
a) i) Staff Welfare, Uniform ETC. 1,249,551.00 812,341.00ii) Staff Welfare Medi./Lunch/ handgloves 207,335.00 141,498.00iii) Staff Trainnig 77,110.00 55,110.00iv) Edu. Fees 653,760.00 709,206.00
b) Canteen Tea 448,792.00 390,647.00
c) Labour Welfare 1,884.00 2,638,432.00 1,986.00
D] Rent, Rates & Taxes
a) Profession Tax 2,500.00 2,500.00
b) Octroi Charges -
c) Notified Area Tax Paid to G.I.D.C. - 444,969.00
d) Water Cess - 10,220.00
e) Pollution Control Expenses 45,000.00 39,600.00
f) Rates & Taxes 4,180,219.00 265,688.00
g) i) Drainage Cess paid to GIDC 144,677.00 101,147.20
h) i) Contribution to Depository Charges 197,180.00 162,322.00
ii) Contribution for (VECC) 15,000.00 15,000.00iii) Contribution for (VIA) -
i) Effluent Treatment Charges paid to VIA 1,812,600.00 6,397,176.00 1,161,310.00
CURRENT YEAR PREVIO
2009-10 20
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PARTICULAR
RUPEES RUPEES RUPEES
CURRENT YEAR PREVIO
2009-10 20
E] Postage, Telegram & Telephones
a) Postage & Telegram 59,095.00 66,033.50b) Telephone, Telex & Fax 313,597.00 372,692.00 246,557.00
F] Printing, Stationery & Advertisement :
a) i) Printing & Stationery 303,638.00 228,681.00ii) Computer Stationery 82,081.00 42,037.00
385,719.00
G] Travelling & Conveyance
Travelling
a) Travelling Expenses 102,396.00 3,490.00
102,396.00
b) Conveyance 30,820.00 26,805.00- 30,820.00 -
133,216.00
H] Motor Car & Vehicle Expenses
a) Motor Car Fuel 129,462.00 107,338.00
b) Motor Car Repairs 102,346.00 55,304.00
231,808.00
I] Commission, Discount and Bank Charges
a) Commission & Discount 6,191.21 174,516.82
b) Bank Charges 184,612.03 49,685.49
c) Foreign Bank Charges 28,657.50 219,460.74
J] Consultation & Legal Charges
a) Legal Exp. 1,450.00 8,560.00
b) Licence & Filling Fees 84,521.00 106,993.00
c) Professional Fees 1,580,673.00 1,489,729.00
d) Internal Audit Expenses 80,000.00 120,000.00
1,746,644.00
K] Payment to Auditors
a) Statutory Audit Fees 50,000.00 50,000.00
b) Tax Audit Fees 35,000.00 35,000.00
c) Out of Pocket Expenses - 85,000.00 8,196.00
L] Repairs & Maintenance
a) i) Repairs to Machinery 4,007,208.00 3,526,757.00
ii) Rep. To Mach(Boiler) 33,541.00 179,153.00iii) E. T. Plant Expenses 1,064,112.00 1,029,759.00
iv) D. G. Set Expenses 74,618.00 5,179,479.00 341,775.00
b) Building
i) Repairs to Factory Building 1,432,313.00 411,711.00
ii) Repairs to other Building 753,337.00 2,185,650.00 563,234.00
c) Other
i) Repairs to Other 359,007.00 254,852.00
ii) Repairs to Computers 26,028.00 385,035.00 34,125.00
M] Carriage Outward
a) Carriage Outward 1,904,795.00 1,182,909.001,904,795.00
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PARTICULAR
RUPEES RUPEES RUPEES
CURRENT YEAR PREVIO
2009-10 20
N] Miscellaneous Expenses
a) Books & Magazines 4,710.00 3,645.00
b) Seminar & Membership Fees 11,113.00 55,734.00
c) Gardening Expenses 64,339.00 17,259.00
d) Office Expenses 452,338.00 158,034.00e) Misc. Expenses 144,154.00 51,655.00f) Sales Promotion Expenses 28,026.00 20,894.00
g) Amount Written Off 3,761.00 15,778.50
h) Factory Cleaning Charges 163,800.00 158,345.00I) Clearing & Forwarding Charges ( Exports ) 2,187,881.00 45,509.00
j) Advertising, Publicity 29,150.00 7,946.00
k) Subscription & Membarship Fees 93,663.00
Add - Rounding up difference - 3,182,935.00 -
3,182,935.00
O] Interest
a) Interest on Secured Loans
On Cash Credit -
b) Interest on Car Laon A/c - - 6,996.00
c) Interest on Unsecured Loans 6,385,204.00 7,550,000.00
6,385,204.00
P] Raw Material Purchase
a) Import 96,709,570.79 28,186,671.52
b) Local 225,502,828.00 132,476,877.00c) Raw Material(Bio-Mass) - 322,212,398.79 342,390.00
Q] Outside Re-processing Charges 476,028.00
R] Taxes
a) Sales Tax Central Excise & Service Tax
i) Central Excise Exp. 591,093.00- 2,117,009.00ii) Education Cess(Exp) 74,972.00- 42,260.00iii) H & S Edu. Cess(Exp) 37,500.00- 21,124.00iv) Service Tax 5.00 -
v) Cess on Ser. Tax -vi) Interest paid to other 28,210.00 50,465.00
b) Sales Tax 778,209.00 102,859.00 93,237.00
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RUPEES
29420366.07
2,324,076.65
2,110,788.00
2,202,756.20
US YEAR
8-09
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RUPEES
US YEAR
8-09
312,590.50
270,718.00
3,490.00
26,805.0030295.00
162642.00
224,202.31
1,725,282.00
93,196.00
5,077,444.00
974,945.00
288,977.00
1,182,909.00
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RUPEES
US YEAR
8-09
534,799.50
534,799.50
7,556,996.00
161,005,938.52
125,792.00
2,324,095.00
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PARTICULARS 2010-11
(Rs.) (Rs.)
INCOME
Sales & Other Income 392,273,670
Increase in Stock of 41,209,294
Finished and Semi-Finished Goods
Total Income 433,482,964
EXPENDITURE
Manufacturing & Other Expenses 399,418,385
Depreciation 16,404,202
Interest
a) On Secured Loans -
b) On Unsecured Loans 6,385,204 6,385,204
Total Expenditure 422,207,791
Profit Before Tax 11,275,173
K. V. AROCHEM PVT. LTD.
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED
31ST MARCH, 2011
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PARTICULARS 2010-11
(Rs.) (Rs.)
SALES & OTHER INCOME
(A) SALES 369,869,712
(B) OTHER INCOME
Miscellaneous Sales 3,912,757
Interest 366,339
Dividend on Investments 112
Processing Charges 18,123,150
Misc. Income 1,600
392,273,670
INCREASE IN STOCK
Closing Stock :- 31-03-2011
Finished Goods 33,588,894
Semi-Finished Goods 79,830,865
Work in Process -
113,419,759
Less: Opening Stock :- 01-04-2010
Finished Goods 41,501,788Semi-Finished Goods 25,615,982
Work in Process 5,092,695
72,210,465
Total Increase 41,209,294
MANUFACTURING & OTHER EXPENSES
i) Raw Material Consumed:
Opening Stock :- 01-04-2010 32,467,504
Add: Purchases during the year 322,212,399
354,679,903
Less:Closing Stock :- 31-03-2011 77,519,211
BALANCE C/Fd 277,160,692
K. V. AROCHEM PVT. LTD.
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED
31ST MARCH, 2011
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PARTICULARS 2010-11
(Rs.) (Rs.)
BALANCE B/Fd 277,160,692ii ) Payment to & Provisions for Employees:
a) Salaries, Wages & Bonus etc. 30,599,354
b) Contribution to Gratuaity Fund 749,282
c) Contribution to Superannuation Fund 35,910
d) Contribution to Leave Encashment 1,912,051
e) Contribution to Emp. P.F., F.P.F. ,ESIC.etc. 2,742,504
f) Staff Welfare Expenses 2,638,432
38,677,533
iii) Operational and other Expenses :
a) Fuel Consumed 21,605,148
b) Electricity & Power Consumed 15,541,226
c) Packing Material consumed 9,233,967
d) Water charges 1,795,619
e) Stores,Spares consumed 6,456,577
f) Rent, Rates & Taxes 6,397,176
g) Postages,Telegram & Telephone 372,692
h) Printing ,Stationery & Advertisement 385,719
I) Coolie & Cartage 206,340
j) Travelling & Conveyance 133,216
k) Motor Car & Vehical Expenses 231,808
BALANCE C/Fd 62,359,488 315,838,224
K. V. AROCHEM PVT. LTD.
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED
31ST MARCH, 2011
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PARTICULARS 2010-11
(Rs.) (Rs.)
BALANCE B/Fd 62,359,488 315,838,224
l) Comm. Discount& Bank Charges 219,461
m) Representation charges 1,877,864
n) Insurance 753,147
o) Consultation & Legal Charges 1,746,644
66,956,604
p) Remuneration to Auditors :
1) Statutory Audit Fees 50,000
2) Tax Audit Fees 35,0003) For Company Low Matters -
4) Out of Pocket Expenses -
85,000
q) Repairs & Maintenance:
1) Plant & Machinery 5,179,479
2) Building 2,185,650
3) Others 385,035
7,750,164
r) Loss on conversion of foreign Exchange 867,979
s) Factory Security charges 2,253,797
t) Carriage Out-Ward 1,904,795
u) Misc. Expenses 3,182,935
v) Taxes 102,859
( Sales Tax & Central Excise)
w) Reprocessing 476,028
Grand Total 399,418,385
31ST MARCH, 2011
K. V. AROCHEM PVT. LTD.
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED
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PREVIOUS YEAR
2009-10
(Rs.)
272,717,392
10,868,973
283,586,365
256,737,017
16,920,977
6,996
7,550,000
281,214,990
2,371,376
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PREVIOUS YEAR
2009-10
(Rs.)
230,006,005
1,019,915
527,868
104
41,163,500
-
272,717,392
41,501,788
25,615,982
5,092,695
72,210,465
21,078,636 20,741,541
19,521,315
61,341,492
10,868,973
28,187,023
161,005,939
189,192,962
32,467,504
156,725,458
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PREVIOUS YEAR
2009-10
(Rs.)
156,725,458
29,420,366
255,978
60,368
1,531,023
2,324,077
2,110,788
35,702,600
16,246,314
15,423,496
6,500,133
1,489,403
5,156,062
2,202,756
312,591
270,718
73,980
192,937
-
47,868,390
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PREVIOUS YEAR
2009-10
(Rs.)
47,868,390
224,202
1,179,397
452,428
1,725,282
51,449,699
50,000
35,000-
8,196
93,196
5,077,444.00
974,945.00
288,977.00
6,341,366
30,879.00
2,226,223
1,182,909
534,800
2,324,095
125,792
256,737,017