Financial Report :: Year :- 2007 - 08

PROFIT & LOSS ACCOUNT
FOR THE YEAR ENDED 31ST MARCH, 2008

Particulars

31ST MARCH, 2008

31ST MARCH, 2007

 

Rs.

Rs.

Rs.

Rs.

INCOME

 

 

 

 

Sales

 

 

 

 

- Domestic Sales

127983801.08

 

123729809

 

- Export Sales

-

127983801.08

2619000

126348809

 

 

 

 

 

OTHER INCOME

 

195470

 

353666

 

 

 

 

 

INCREASE IN STOCK

 

1704985

 

220364

 

 

 

 

 

TOTAL

 

129884256

 

126922839

 

 

 

 

 

EXPENDITURE

 

 

 

 

 

 

 

 

 

CONSUMPTION OF RAW JUTE

70880621

 

79494939

 

Less : INPUT VAT CREDIT ON OPENING STOCK

-

 

-

 

(includes consumption of stores & spare parts)

 

70880621

 

79494939

POWER & FUEL

 

7584253

 

6345545

REMUNERATION TO EMPLOYEES

 

10402996

 

10929333

OTHER EXPENSES

 

18832572

 

11113301

INTEREST

 

7229666

 

5137192

DEPRECIATION

9366880

124296988

7441047

120461357

 

 

 

 

 

TOTAL

 

124296988

 

120461357

 

 

 

 

 

PROFIT/(LOSS) for the year

 

5622097

 

4944480

Less : Provision for Income Tax

 

1500000

 

1300000

           Provision for Wealth Tax

 

60000

 

-

           Provision for F. B. T.

 

150000

 

122422

PROFIT/(LOSS) after taxation

 

3912097

 

3522058

Add : Profit B/F from Last Year

 

7103465

 

3581407

Profit/(Loss) C/Over to Balance Sheet

 

11015562

 

7103465

Accounting Policies & Notes on Accounts

 

 

 

 

Earning Per Share Basic And Diluted

 

1.71

 

1.54

As per our annexed report of even date.
For P. C. PATNI & CO.
Chartered Accountants

26, Strand Road,
4th Floor, Unit : 417
Kolkata 700 001
Dated : 1st August, 2008.
Sd/-
(Vineet Jain)
Partner
M. No.: 059989
Sd/-
Tarun Mall
Directors
     
   

 

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