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Balance Sheet 2008 |
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KANISH STEEL INDUSTRIES LIMITED, BALANCE SHEET AS ON 31ST MARCH 2008 |
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Schedule |
AS AT
31.03.2008
(Amount in Rs.) |
AS AT
31.03.2007
(Amount in Rs.) |
SOURCES OF FUNDS |
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A. SHAREHOULDERS FUND |
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Share Capital |
A |
284.360,740 |
284,045,184 |
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Reserves & Surplus |
B |
497,834,409 |
303,710,793 |
B. LOAN FUNDS |
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Secured Loans |
C |
282,007,301 |
339,527,070 |
C. DEFERRED TAX LIABILITY (NET) |
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122,593,915 |
99,167,199 |
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1,186,796,365 |
1,026,450,246 |
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APPLICATION OF FUNDS |
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D. FIXED ASSETS |
D |
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Gross Block |
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926,673,569 |
686,848,792 |
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Less: Depriciation |
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204,009,528 |
171,053,555 |
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Net Block |
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722,664,041 |
515,795,237 |
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Capital Work in Progress |
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224,640,341 |
54,105,332 |
E. INVESTMENTS |
E |
18,120,200 |
23,475,200 |
F. CURRENT ASSETS, LOANS AND ADVANCES: |
F |
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Inventories |
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400,775,195 |
341,639,779 |
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Sundry Debtors |
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273,415,170 |
238,435,742 |
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Cash & Bank Balances |
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57,667,285 |
39,723,325 |
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Loans & Advances |
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192,300,921 |
156,382,400 |
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924,158,571 |
776,181,246 |
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G. LESS: CURRENT LIABILITIES & PROVISIONS |
G |
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Current Liabilities |
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648,899,418 |
301,437,598 |
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Provisions |
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53,887,371 |
41,669,171 |
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702,786,789 |
343,106,768 |
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NET CURRENT ASSETS |
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221,371,783 |
433,074,477 |
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1,186,796,365 |
1,026,450,246 |
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PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2008 |
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Schedule |
AS AT
31.03.2008
(Amount in Rs.) |
AS AT
31.03.2007
(Amount in Rs.) |
I. INCOME |
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Income (Gross) |
H |
4,477,769,737 |
3,549,256,922 |
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Less: Excise Duty |
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354,505,848 |
161,974,146 |
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Sales (Net) |
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4,123,263,889 |
3,387,282,776 |
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Other Income |
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33,890,574 |
63,128,916 |
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Total |
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4,157,154,463 |
3,450,411,692 |
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II. EXPENDITURE |
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Material and Manufacturing Expenses |
I |
3,877,325,192 |
3,187,080,268 |
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Payment & Provisions to Employees |
J |
5,603,410 |
3,991,712 |
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Repairs and Maintenance |
K |
19,100,178 |
14,554,145 |
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Financial Expenses |
L |
44,842,262 |
38,098,638 |
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Administrative Expenses |
M |
22,577,883 |
23,550,008 |
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Director's Expenses |
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306,000 |
356,000 |
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Total |
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3,969,754,925 |
3,267,630,772 |
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Profit before Depreciation |
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187,399,538 |
182,780,920 |
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Less: Depreciation |
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33,240,125 |
34,177,012 |
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Profit after Depreciation before tax |
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154,159,413 |
148,603,908 |
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Taxation for the Year |
Current Tax |
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33,429,000 |
21,470,189 |
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Deferred Tax |
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11,097,275 |
27,656,759 |
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Fringe Benefit Tax |
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497,100 |
210,022 |
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Profit after Tax |
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109,136,039 |
99,266,937 |
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Taxation adjustments of previous years |
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6,367,547 |
(115,942) |
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Reversal of excess provision of earlier years |
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13,724,717 |
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Balance Brought Forward from last year |
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174,477,400
289,980,986 |
100,007,858
212,883,570 |
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Proposed Dividend & Interim Dividend Paid |
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17,061,644 |
24,554,911 |
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Dividend Tax |
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2,899,626 |
3,951,260 |
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Transfer to General Reserve |
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9,950,000 |
9,900,000 |
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Balance carried forward to Balance Sheet |
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260,069,715 |
174,477,400 |
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Earnings Per Share (Basic and Diluted) |
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3.84 |
3.49 |
Note on Accounts |
N |
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