K. V.

AROCHEM PRIVATE LIMITED

BALANCE SHEET AS AT 31ST MARCH, 2011
Schedules
Rupees

Rupees

Previous Year
Rupees

SOURCE OF FUNDS :
SHAREHOLDERS' FUNDS :
a) Share Capital
b) Reserves And Surplus
Total Shareholders' Funds
LOAN FUNDS :
Secured Loans
Unsecured Loans

1
2

5,000,000
167,525,943
172,525,943

3
4

Deferred Tax Liability

Total Funds Employed
APPLICATION OF FUNDS :
Fixed AssetsGross Block
Less: Depreciation
Net Block
Capital Work-in-Progress

80,000,000
80,000,000

839,569

172,525,943

168,329,508

94,739,898

274,429,028
179,536,180
94,892,848
5,137,764
100,030,612

12,880

12,880

287,870,880
195,940,382
91,930,498
2,809,400

Deferred Tax Assets

1,205,307

Current Assets, Loans And Advances

305,037,531

Less: Current Liabilities And Provisions

228,469,673

Total Net Assets

( Including Advances for Capital Expenditure )

Investments

3,225,600
84,264,339
87,489,939

155,679,681

76,567,858

87,393,665
68,286,016

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
Chartered Accountants
Reg. No. 101048 W

For and on behalf of the Board

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
Schedules
Rupees

Rupees

Previous Year
Rupees

INCOME :
Sales And Other Income
Increase/(Decrease) in Stock of Finished
& Semi-finished Goods

9
10

392,273,670
41,209,294
433,482,964

272,717,392
10,868,973
283,586,365

11

404,601,255
16,404,202
6,385,204

256,737,017
16,920,977
7,556,996

427,390,661

281,214,990

6,092,303

2,371,375

(3,100,000)
2,044,876
5,037,179

(825,000)
90,935
1,637,310

EXPENDITURE :
Manufacturing And Other Expenses
Depreciation
Interest
Total Expenditure
Profit before tax
Provision for Tax :
For Income Tax
For Fringe Benefit Tax
For Deferred Tax
Profit after tax
Disposable profit set aside for a) General Reserve
Balance carried to Balance Sheet

5,037,179

Basic and Diluted earning per share

( ref . Note no.
Significant Accounting Policies and Notes
to Account

152.04

1,637,310
Nil
50.76

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
Chartered Accountants
Reg. No. 101048 W

For and on behalf of the Board

K. A. MEHTA
Partner
Membership No. 111749
MUMBAI
DATED :

Directors

K. V. AROCHEM PRIVATE LIMITED

SCHEDULES FORMING PART OF THE BALANCE SHEET AS AT 31ST MARCH, 2011

Rupees
1.

SHARE CAPITAL :
AUTHORISED :
50,000 Equity Shares of Rs.100/- each

Rupees

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.
5,000,000
5,000,000

1.01

2.

RESERVES & SURPLUS :

GENERAL RESERVE As per last Balance Sheet
Add - Transferred from Profit & Loss Account

2.01

80,983,433
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

Secured Loans
WCDL - HDFC

3.03

UNSECURED LOANS :
From Holding Company

4.01

K. V. AROCHEM PRIVATE LIMITED

SCHEDULES FORMING PART OF THE BALANCE SHEET AS AT 31ST MARCH, 2011

Rupees
6

Rupees

INVESTMENTS ( Long Term )

A)

B)

TRADE ( UNQUOTED ) :
a) 50 Shares of Keva Flavours Pvt.Ltd. of Rs.100/- each
b) 100 Shares of Keva Biotech Pvt.Ltd. of Rs.10/- each
OTHERS ( QUOTED ) :
16 Equity Shares of Reliance Industries Ltd. of Rs.10/- each fully
paid up. (Market value as on 31-03-2011 Rs.16765/-)

6.01
6.01

5,000
1,000

6.02

6,880

12,880
7
A)

CURRENT ASSETS LOANS & ADVANCES :

CURRENT ASSETS :
STOCK (As taken, valued and certified by a Director)
Packing Materials & Fuels
Raw Materials
Finished Goods
Semi Finished Goods
Work in Process

7.01.01
7.01.02
7.01.03
7.01.04
7.01.05

4,977,617
77,519,211
33,588,894
79,830,865
195,916,587

SUNDRY DEBTORS:
(Unsecured but considered good , unless otherwise stated)
Debts Exceeding Six months
Other Debts

7.02.01

469,384
69,886,968
70,356,352

Balance C/fd

266,272,939

K. V. AROCHEM PRIVATE LIMITED

SCHEDULES FORMING PART OF THE BALANCE SHEET AS AT 31ST MARCH, 2011

Rupees
Balance B/fd
CASH AND BANK BALANCES :
Cash on hand
In Current Accounts with Scheduled Banks
(including Rs.27,464/- (P.Y.Rs.27,766 /-) in Foreign Currency)
In Fixed Deposits with Banks
B)

Rupees
266,272,939

7.03.01
7.03.02

154,428
9,051,021

7.03.03

155,769

7.04.01
7.04.02
7.04.03
7.04.04
7.04.05

1,880,358
146,657
17,354,534
5,461,452
4,560,373

LOANS & ADVANCES :

(Unsecured but considered good, unless otherwise stated)
Advanes recoverable in cash or kind or for the value to be received

Interest Receivable
Deposit with Central Excise
Other Deposits
Advance Payment of Tax (Net of Provision)

305,037,531

CURRENT LIABILITIES & PROVISIONS :

A)

CURRENT LIABILITIES :
Sundry Creditors*
Due to Holding Company
Advance from Cutomers
Other Liabilities

B)

8.01.01
8.01.02
8.01.03
8.01.04

82,517,946
122,006,372
110,648
13,950,838

8.02.01
8.02.02

4,701,000
5,182,870

PROVISIONS : Leave Encashment

Gratuity

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.

K. V. AROCHEM PRIVATE LIMITED

SCHEDULES FORMING PART OF THE PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2010

Rupees
9

Rupees

SALES & OTHER INCOME :

SALES
Less: Excise Duty

9.01
9.02

394,080,755
24,211,043
369,869,712

OTHER INCOME Sales of scrap

Interest
Miscellaneous Income
Processing Charges (Tax deducted at Source
Rs. 3,46,917/-), (Previous year Rs. 8,43,567/-)

3,912,757
366,339
1,712
18,123,150

9.03
9.04
9.05
9.06

392,273,670
10

INCREASE IN STOCK :
Closing Stock
Finished Goods
Semi-finished goods
Work in Process

33,588,894
79,830,865
113,419,759

Opening Stock
Finished Goods
Semi-finished goods
Work in porocess
Total Increase/ (Decrease)

41,501,788
25,615,982
5,092,695
72,210,465
41,209,294

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

Add: Purchases during the year

11.01.01

Less: Closing Stock

32,467,504
322,212,399
354,679,903
77,519,211
277,160,692

ii)

Payments to & Provisions for Employees :

a) Salaries, Wages & Bonus
b) Gratuity and Leave Encashment
c) Contribution to Superannuation Fund
e) Contribution to Employees Provident Fund and Other Funds
f) Staff Welfare Expenses

11.02.01
11.02.02
11.02.03
11.02.04
11.02.05

30,599,354
7,844,203
35,910
2,742,504
2,638,432
43,860,403

iii)

Operational and other Expenses a) Fuel consumed

b) Electricity & Power consumed
c) Packing Material consumed
d) Water Charges
e) Stores, Spares consumed
f) Rent, Rates & Taxes
g) Postage, Telegram & Telephone
h) Printing and Stationenry
i) Coolie & Cartage
j) Travelling & Conveyance
k) Representation Charges
l) Insurance
m) Consultation & Legal Charges

11.03.01
11.03.02
11.03.03
11.03.04
11.03.05
11.03.06
11.03.07
11.03.08
11.03.09
11.03.10
11.03.11
11.03.12
11.03.13

21,605,148
15,541,226
9,233,967
1,795,619
6,456,577
6,397,176
372,692
385,719
206,340
365,024
1,877,864
753,147
1,746,644
66,737,143

Balance C/fd

387,758,237

K. V. AROCHEM PRIVATE LIMITED

SCHEDULES FORMING PART OF THE PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2011

Rupees
Balance B/fd
n) Remuneration to Auditors 1) Statutory Audit Fees
2) Tax Audit Fees
3) Out of Pocket Expenses

387,758,237
11.03.14
11.03.15
11.03.16

50,000
35,000
85,000

o) Repairs & Maintenance 1) Plant & Machinery

2) Building
3) Others

11.03.17
11.03.18
11.03.19

5,179,479
2,185,650
385,035
7,750,164

p)
q)
r)
s)
t)
u)
v)

Loss on Fluctuation of Foreign Exchange ( Net )

Factory Security Charges
Carriage Outward
Clearing & Forwarding Charges
Miscellaneous Expenses
Sales Tax & Central Excise
Reprocessing Charges

11.03.20
11.03.21
11.03.22
11.03.23
11.03.24
11.03.25
11.03.26

867,979
2,253,797
1,904,795
2,187,881
1,214,515
102,859
476,028
404,601,255

Signature to Schedule 1 to 11
For BATLIBOI & PUROHIT
Chartered Accountants
Reg. No. 101048 W

K. A. MEHTA
Partner
Membership No. 111749
MUMBAI
DATED :

For and on behalf of the Bo

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

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

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

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

41,501,788
25,615,982
5,092,695
72,210,465
21,078,636
20,741,541
19,521,315
61,341,492
10,868,973

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
2,110,788
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
1,179,397
452,428
1,725,282
51,225,497
243,653,555

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
45,509
713,493
2,324,095
125,792
256,737,017

For and on behalf of the Board

Directors

Balance Sheet Grouping 2010-11

Particular
1

Fixed Assets
Land A/c
Building & Road A/c
Building & Road ETP A/c
Building & Road Shed A/c
Building & Road Staff Quater A/c
Factory Building A/c
Other Building A/c
Tubewell A/c
Residential Flats A/c
Equipment A/c
Office Equipments A/c
Other Equipments A/c
Plant & Machinery A/c
Computer A/c
Electrical Installation A/c
P & Mach (Bio-Mass) A/c
P & Mach (Boiler) A/c
P & Mach (New Boiler) A/c
P & Mach (Coolng Tower) A/c
P & Mach (D.G. Set ) A/c
P & Mach (E.T.P.) A/c
P & Mach (Incinerator) A/c
P & Mach (P:1) A/c
P & Mach (P:2) A/c
P & Mach (P:3) A/c
P & Mach (P:4) A/c
P & Mach (P:5) A/c
P & Mach (P:6) A/c
P & Mach (P:7) A/c
P & Mach (P:8) A/C

P & Mach (Pipeline) A/c

P & Mach (Pump House) A/c
P & Mach (Shed) A/c
P & Mach (Tank) A/c
Capital Work in Progress A/c
Furniture & Fixtures A/c
Vehicles A/c
2

Closing Stocks
Store ,Spare Parts

Amount
(Rs.)

Amount
(Rs.)
1,675,641.00

2671238.00
207886.00
1893215.00
22633008.00
5676935.00
3942.00

33,086,224.00
1,199,469.00

156637.00
2060890.00
267444.00
2937201.00
228434.00
1056353.00
847788.00
194377.00
256807.00
3619137.00
24535.00
1522099.00
1651596.00
6725319.00
4600354.00
1965112.00
8060703.00
8454060.00
4958542.00
443092.00
161757.00
1148967.00
16579.00
222.00
3347144.00

54,705,149.00
2,563,721.00
1,244,412.00
193,776.00

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

Work in Process

Cash in Hand
Mumbai
Vapi
Bank Accounts
ANZ Grindlays Bank Lerms A/c
Bank of Baroda A/c
ICICI Bank A/c 3444
ICICI Bank A/c 3481
ICICI Bank A/c 3482
Standard Chartered Bank
ICICI Bank Fort Branch
SBT A/c. 57000316217
SBT (Dividend) Bank A/c
State Bank Of India A/c

7,356.00
147,072.00

154,428.00

27,464.00
77,211.35
8,502,583.36
180,780.91
53,157.24
159,457.13
20,535.59
17,011.67
1,160.00
11,660.12

9,051,021.37

Deposits With Bank

155,769.00

Advance Against Capital Expenditure

Advance Against Purchases

Advance Against Expenses

Loan & Advances

Advance to Employees A/c
Diwali Advance to Employees a/c
Loan to Employees A/c

133,289.00

29,327.00
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
Excise Duty (Pur.) RG 23 A/c
Edu. Cess (Pur. ) RG 23 A/c
S. & H. Edu. Cess (Pur) RG 23 A/c
C.Ex.Duty ( Goods in Transit )
Edu. Cess on Ser.Tax (Cenvat) A/c
Service Tax (Cenvat)
S.H.Edu. Cess on Ser. Tax (Cenvat)
Service Tax Receivable A/c
Edu. Cess On Ser. Tax Rec. A/c
S. & H. Edu. Cess on Ser. Tax Rec. A/c

189,713.00
13,742,870.00
177,436.00
89,794.00
2,797,566.00
3,316.00
165,995.00
1,661.00
180,003.95
4,178.57
2,000.24

17,354,533.76

Particular

13 Deposits
Deposits for Room Ajit Tol
Deposits for Room Tandon
Deposits to D.G.V.C.L.
Deposits to D.G.V.C.L. Dungra
Deposits to D.G.V.C.L. (Adv. Complex)
Deposits to D.G.V.C.L. (Mithun Park)
Deposits with GSPC
Deposits to Haria Hospital
Deposits with BSNL
Deposits with Vadilal Chemicals Ltd.
Term Deposit with SBI (Deposited with the
Prohibition & State Excise Department, Valsad
as security against Methanol Licence)
Deposit with G.I.D.C. ( Water )
14 Advance Tax & Tds
Adv Tax & Tds A.Y.2006-2007
Adv Tax & Tds A.Y.2007-2008
Adv Tax & Tds A.Y.2008-2009
Adv Tax & Tds A.Y.2009-2010
Adv Tax & Tds A.Y.2010-2011
Adv Tax & Tds A.Y.2011-2012
FBT ( F.Y.2005-06 ) A/c
FBT (F.Y. 2006-07 )A/c
FBT (F.Y.2007-08 )A/c
FBT (F.Y.2008-09 )A/c
FBT (F.Y.2009-10 ) A/c

Amount
(Rs.)

Amount
(Rs.)

30,000.00
30,000.00
2,217,998.00
6,472.00
3,855.00
2,293.00
3,080,000.00
20,000.00
20,160.00
35,000.00
1,500.00

14,174.00

5,461,452.00

6,827,292.00
3,488,017.00
2,080,257.00
1,800,217.00
928,682.00
392,359.00
245,549.00
160,000.00
350,000.00
350,000.00
100,000.00

16,722,373.00

82,517,945.78
122,006,371.55

204,524,317.33

15 Sundry Creditors
a

Sundry Creditor For Goods Supplied

Other than holding Co.
Due to Holding Co.

Credit Balance in Sundry Debtors A/c

Sundry Creditors for Expenses

Sundry Creditors for Expenses
Sundry Creditor For Other
Add: General Ledger
C.Ex. Duty RG 23 Stock A/c
Employee Society A/c
E.S.I. payable ( c ) A/c
E.S.I. payable ( Wages ) A/c
Life Insurance Corp. of India A/c
P.F.Payable A/c
P.T. Payable A/c
Salaries Payable A/c
Salary Wages Arrears Payable A/c
Wages Payable

110,647.80

4,739,425.00
78,719.00
3,158,454.00
111,134.50
7,549.00
85,251.00
66,394.60
344,114.00
24,120.00
406,708.00
151,557.00
1,076,625.00

TCS
TDS ( C )
TDS ( P )
TDS on Salaries
Sales Tax Payable
Representation Charges Payable A/C
Outstanding Liabilities A/c
16 Provision for Tax
Provision for Income Tax
Provision for F.B.T.

40.00
32,203.00
44,579.00
114,260.00
442,670.00
462,762.00
2,604,273.00

13,950,838.10

11,325,000.00
837,000.00

12,162,000.00

5. SCHEDULE OF FIXED ASSETS ANNEXED TO AND FORMING PART OF THE BALANCE SHEET AS AT 31 ST MARCH, 2011
GROSS BLOCK

DEPRECIATION

Particulars

As on
3/31/2010

Additions during
the year

Deductions
During the
year

As on
3/31/2011

As on
3/31/2010

Provided
During the
year

Leasehold Land
Factory Bldg.& Sheds
Residential Flats
Plant & Machinery
Furniture & Fixtures
Motor Cars & Vehicles

1,675,641
63,476,849
2,119,614

721,990
-

Deductions
During the
year

1,675,641

64,198,839

27,892,994

3,219,621

2,119,614

857,015

63,130

As on
3/31/2011

As on
3/31/2011

As on
3/31/2010

10

1,675,641

1,675,641

31,112,615

33,086,224

35,583,855

920,145

1,199,469

1,262,599

203,470,836

12,373,793

215,844,629

148,494,962

12,818,691

161,313,653

54,530,976

54,975,874

2,864,309

346,069

3,210,378

1,730,901

235,065

1,965,966

1,244,412

1,133,408

821,779

560,308

67,695

628,003

193,776

261,471

287,870,880

179,536,180

16,404,202

195,940,382

91,930,498

94,892,848

274,429,028

162,653,186

16,920,977

37,983

179,536,180

94,892,848

98,390,619

2,809,400

5,137,764

821,779

Grand Total ..

274,429,028

13,441,852

Previous Year .

261,043,805

13,424,588

Capital Work-in-Progress

NET BLOCK

5,137,764 -

2,328,364

39,365.00

2,809,400

K. V. AROCHEM PVT. LTD.

GROUPINGS OF PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31-03-2011
PARTICULAR

A]

CURRENT YEAR
2009-10
RUPEES
RUPEES

PREVIOUS YEAR
2008-09
RUPEES

Payment to & Provisions for Employees:

a) I) Factory Salary
ii) Notice Pay
b)
Factory Wages

4,342,670.58
11,381,717.18

3,660,008.94
11,010,794.82

1,018.23

645.43

7,340,165.49

7,274,999.15

481,110.78

274,816.53

1,055,201.00

1,211,234.00

487,606.80

328,816.00

1,372,575.00

1,430,205.00

c)

Paise Adjustment

d)

Performance Allowance(Special )

e)

Overtime

f)

Bonus

g)

Staff Quarter Expenses

h)

Leave Travel Allowance

i)
j)
k)

Apprentice Wages
H. R. A.
Ex-Gratia

87,458.00
606,178.83
519,269.00

90,586.00
683,471.20
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

Company's Contribution

a)
b)
c)
d)
e)

E. P. F.
F. P. F.
Admn. Charges of EPF/FPF
Admn. Charges of E. D. L. I. F.
E. S. I. C.

B]

C]

2,412,007.00

906,225.00
928,239.00
168,084.00
763.00
739,192.65

30,599,353.89

2,184,515.00

2,742,503.65

803,938.00
939,746.00
159,753.00
728.00
419,911.65

Staff Welfare Expenses

a) i)
ii)
iii)
iv)
b)

Staff Welfare, Uniform ETC.

Staff Welfare Medi./Lunch/ handgloves
Staff Trainnig
Edu. Fees
Canteen Tea

c)

Labour Welfare

1,884.00

a)

Rent, Rates & Taxes

Profession Tax

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

f)

Rates & Taxes

D]

1,249,551.00
207,335.00
77,110.00
653,760.00
448,792.00

812,341.00
141,498.00
55,110.00
709,206.00
390,647.00
2,638,432.00

1,986.00

2,500.00
-

45,000.00

39,600.00

4,180,219.00

265,688.00

g) i) Drainage Cess paid to GIDC

144,677.00

101,147.20

h) i)
ii)
iii)
i)

197,180.00
15,000.00

162,322.00
15,000.00
1,161,310.00

Contribution to Depository Charges

Contribution for (VECC)
Contribution for (VIA)
Effluent Treatment Charges paid to VIA

1,812,600.00

6,397,176.00

PARTICULAR

E]

Postage, Telegram & Telephones

Postage & Telegram
Telephone, Telex & Fax

a)
b)
F]

Printing, Stationery & Advertisement :

a) i) Printing & Stationery
ii) Computer Stationery

CURRENT YEAR
2009-10
RUPEES
RUPEES
59,095.00
313,597.00

372,692.00

303,638.00
82,081.00

PREVIOUS YEAR
2008-09
RUPEES
66,033.50
246,557.00

228,681.00
42,037.00
385,719.00

G]

Travelling & Conveyance

Travelling
Travelling Expenses

a)

102,396.00

3,490.00
102,396.00

b)

Conveyance

H]

Motor Car & Vehicle Expenses

Motor Car Fuel
Motor Car Repairs

a)
b)

30,820.00
-

30,820.00
133,216.00

129,462.00
102,346.00

26,805.00
-

107,338.00
55,304.00
231,808.00

I]
a)

Commission, Discount and Bank Charges

Commission & Discount

b)

Bank Charges

c)

Foreign Bank Charges

a)

Consultation & Legal Charges

Legal Exp.

b)

Licence & Filling Fees

c)

Professional Fees

d)

Internal Audit Expenses

J]

6,191.21

174,516.82

184,612.03

49,685.49

28,657.50

219,460.74

1,450.00

8,560.00

84,521.00

106,993.00

1,580,673.00

1,489,729.00

80,000.00

120,000.00
1,746,644.00

K]
a)

Payment to Auditors
Statutory Audit Fees

50,000.00

50,000.00

b)

Tax Audit Fees

35,000.00

35,000.00

c)

Out of Pocket Expenses

a) i)
ii)
iii)
iv)

Repairs & Maintenance

Repairs to Machinery
Rep. To Mach(Boiler)
E. T. Plant Expenses
D. G. Set Expenses

Building
i) Repairs to Factory Building
ii) Repairs to other Building

L]

b)

c)

M]
a)

Other
i) Repairs to Other
ii) Repairs to Computers
Carriage Outward
Carriage Outward

85,000.00

8,196.00

4,007,208.00
33,541.00
1,064,112.00
74,618.00

5,179,479.00

3,526,757.00
179,153.00
1,029,759.00
341,775.00

1,432,313.00
753,337.00

2,185,650.00

411,711.00
563,234.00

359,007.00
26,028.00

385,035.00

254,852.00
34,125.00

1,904,795.00

1,182,909.00
1,904,795.00

PARTICULAR

N]

CURRENT YEAR
2009-10
RUPEES
RUPEES

PREVIOUS YEAR
2008-09
RUPEES

Miscellaneous Expenses
a)

Books & Magazines

b)

Seminar & Membership Fees

4,710.00

3,645.00

11,113.00

55,734.00

c)
d)
e)
f)
g)
h)
I)
j)
k)

Gardening Expenses
Office Expenses
Misc. Expenses
Sales Promotion Expenses
Amount Written Off
Factory Cleaning Charges
Clearing & Forwarding Charges ( Exports )
Advertising, Publicity
Subscription & Membarship Fees
Add - Rounding up difference

64,339.00
452,338.00
144,154.00
28,026.00
3,761.00
163,800.00
2,187,881.00
29,150.00
93,663.00
-

17,259.00
158,034.00
51,655.00
20,894.00
15,778.50
158,345.00
45,509.00
7,946.00

b)
c)

Interest
Interest on Secured Loans
On Cash Credit
Interest on Car Laon A/c
Interest on Unsecured Loans

6,385,204.00

a)
b)
c)

Raw Material Purchase

Import
Local
Raw Material(Bio-Mass)

O]
a)

3,182,935.00
3,182,935.00

6,996.00
7,550,000.00

6,385,204.00
P]

Q]

96,709,570.79
225,502,828.00
-

Outside Re-processing Charges

R]
a)
i)
ii)
iii)
iv)
v)
vi)
b)

Taxes
Sales Tax Central Excise & Service Tax
Central Excise Exp.
Education Cess(Exp)
H & S Edu. Cess(Exp)
Service Tax
Cess on Ser. Tax
Interest paid to other
Sales Tax

322,212,398.79

28,186,671.52
132,476,877.00
342,390.00

476,028.00

591,093.00
74,972.00
37,500.00
5.00
28,210.00
778,209.00

102,859.00

2,117,009.00
42,260.00
21,124.00
50,465.00
93,237.00

PREVIOUS YEAR
2008-09
RUPEES

29420366.07

2,324,076.65

2,110,788.00

2,202,756.20

PREVIOUS YEAR
2008-09
RUPEES

312,590.50

270,718.00

3,490.00

26,805.00
30295.00

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

PREVIOUS YEAR
2008-09
RUPEES

534,799.50

534,799.50

7,556,996.00

161,005,938.52
125,792.00

2,324,095.00

K. V. AROCHEM PVT. LTD.

PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED
31ST MARCH, 2011
PARTICULARS

2010-11
(Rs.)

(Rs.)
INCOME
Sales & Other Income

392,273,670

Increase in Stock of
Finished and Semi-Finished Goods

41,209,294

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
PARTICULARS
(Rs.)

2010-11
(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
Semi-Finished Goods
Work in Process

33,588,894
79,830,865
113,419,759

Less: Opening Stock :- 01-04-2010

Finished Goods
Semi-Finished Goods
Work in Process

41,501,788
25,615,982
5,092,695
72,210,465
41,209,294

Total Increase
MANUFACTURING & OTHER EXPENSES
i) Raw Material Consumed:
Opening Stock :- 01-04-2010
Add: Purchases during the year

32,467,504
322,212,399
354,679,903

Less:Closing Stock :- 31-03-2011

BALANCE C/Fd

77,519,211
277,160,692

K. V. AROCHEM PVT. LTD.

PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED
31ST MARCH, 2011
PARTICULARS
(Rs.)
BALANCE B/Fd
ii ) 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

2010-11
(Rs.)
277,160,692

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
PARTICULARS
BALANCE B/Fd
l) Comm. Discount& Bank Charges
m) Representation charges
n) Insurance
o) Consultation & Legal Charges

(Rs.)
62,359,488

2010-11
(Rs.)
315,838,224

219,461
1,877,864
753,147
1,746,644
66,956,604

p) Remuneration to Auditors :
1) Statutory Audit Fees
2) Tax Audit Fees
3) For Company Low Matters
4) Out of Pocket Expenses

50,000
35,000
85,000

q) Repairs & Maintenance:

1) Plant & Machinery
2) Building
3) Others

5,179,479
2,185,650
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
( Sales Tax & Central Excise)

102,859

w) Reprocessing

476,028

Grand Total

399,418,385

D.
YEAR ENDED
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

D.
YEAR ENDED
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

D.
YEAR ENDED
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

D.
YEAR ENDED
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