Dear Members,
Your Directors have pleasure in presenting the ninetieth Annual Report and the Audited Statements of Accounts of the Company for
the year ended 31st March, 2009.
FINANCIAL RESULTS
| (Rupees in Crore) |
| Particulars |
31st March, 2009 |
|
31st March, 2008 |
| Turnover (including Excise Duty) |
4,292.07 |
|
3,440.32 |
| Other Income |
75.94 |
40.24 |
| Total Income |
4,368.01 |
3,480.56 |
| Gross Profit |
520.97 |
641.80 |
| Less: |
|
|
|
|
| Depreciation (Net of transfer from Revaluation Reserve) |
|
111.86
45.00
2.00
(16.63) |
89.27
165.00
1.37
2.81
|
| Provision for Income Tax |
|
| Provision for Fringe Benefit Tax |
| Provision for Deferred Tax [charge/(credit)] |
| |
142.23 |
|
258.45 |
| Net Profit |
378.74 |
383.35 |
| Debenture Redemption Reserve |
(25.00) |
- |
| Amount available for appropriation which the Directors have appropriated as under: |
353.74 |
383.35 |
| (i) Proposed Final Dividend |
|
14.87 |
25.16 |
| (ii) Tax on Proposed Final Dividend |
2.53 |
4.27 |
| (iii) Interim Dividend |
10.29 |
- |
| (iv) Income Tax on the Interim Dividend |
1.75 |
- |
| (v) General Reserve |
44.78 |
40.00 |
| (vi) Balance carried forward to next year |
279.52 |
313.92 |
| |
353.74 |
383.35 |
| |
DEFERRED TAX
In terms of the Accounting Standard on 'Accounting for Taxes on Income' (AS-22) a sum of Rs. 16.63 crore has been credited to the Profit & Loss Account being Deferred Tax Asset for the year under review.
TRANSFER TO INVESTOR EDUCATION & PROTECTION FUND
In terms of sections 205A and 205C of the Companies Act, 1956 read together with General Circular no.22/2002 dated 23rd September,
2002 issued by the Department of Company Affairs, the Company deposited about Rs.238.58 Lacs, being the various unclaimed amounts
of the company as well as that of an earlier merged company, during the year under review in the
'Investor Education and Protection
Fund' created by the Central Government.
