| 31st March, 2008 |
31st March, 2007 |
|||||
| Rs. | Rs. | |||||
| 7. | a. | Computation of Net Profit under Section 349 / 198(1) of the Companies Act, 1956 for the purpose of Directors' commission Profit before Taxation per profit and Loss Account. |
5,52,53,19,947 | 3,41,78,32,892 | ||
| Add : | ||||||
| Depreciation as per accounts Managerial Remuneration Loss on sale of Long Term Investments (other than trade) (Net) Long Term Investments (other than trade) written off Loss on sale of Current Investments (other than trade) (Net) |
89,26,89,256 71,08,211 – – 1,17,692 |
58,30,64,022 72,01,958 3,58,952 7,700 – |
||||
| 89,99,15,159 | 59,06,32,632 | |||||
| 6,42,52,35,106 | 4,00,84,65,524 | |||||
| Less : | ||||||
| Provision for doubtful debts / deposits / advances written back Depreciation under Section 350 of the Companies Act, 1956 Capital profit on sale of fixed assets |
– 85,20,11,669 1,58,286 |
3,82,15,119 54,10,62,909 1,40,87,232 |
||||
| 85,21,69,955 | 59,33,65,260 | |||||
| Net Profit | 5,57,30,65,151 | 3,41,51,00,264 | ||||
| 1% of Net Profit | 5,57,30,652 | 3,41,51,003 | ||||
| Commission payable to non-wholetime Directors [Note 7 (c) below] | 20,00,000 | 15,00,000 | ||||
| b. | Managerial Remuneration | |||||
| i. Directors' Fees | 5,00,000 | 6,65,000 | ||||
| ii. Commission to non-wholetime Directors | 20,00,000 | 15,00,000 | ||||
| iii. Remuneration paid / payable to Manager | ||||||
| Salaries, Bonus etc. | 30,89,711 | 29,32,007 2,09,511 2,61,893 13,88,756 2,44,791 |
||||
| Contribution to Provident Fund | 2,56,404 | |||||
| Contribution to Superannuation Fund | 3,20,504 | |||||
| Contribution to Gratuity Fund | 4,00,439 | |||||
| Other benefits / perquisites | 5,41,153 | |||||
| 46,08,211 | 50,36,958 | |||||
| 71,08,211 | 72,01,958 | |||||
| c. | Commission to non-wholetime Directors for 2007-08 includes Rs.5,00,000 for which shareholders' approval by way of special resolution will be sought at the ensuing Annual General Meeting. | |||||
