Schedule

Previous Year

Income

Net Sales (excluding Excise and Sales Tax)

Own Manufactured Products

35,183.80

34,874.76

Traded Products

14,211.41

12,428.34

Total Sales

49,395.21

47,303.10

Other Income

8

1,831.81

1,695.70

51,227.02

48,998.80

Expenditure

Manufacturing and Other Expenses

9

38,308.60

36,613.41

Inventory Adjustment

10

1,124.79

(2,334.54)

Interest and Other Financial Charges

11

2,124.45

2,856.34

41,557.84

37,135.21

Profit Before Depreciation

9,669.18

11,863.59

Depreciation / Amortisation

2,894.35

2,775.98

Less : Transferred from Special Reserve

18.18

18.18

2,876.17

2,757.80

Profit Before Prior Years' Adjustments

6,793.01

9,105.79

Prior Years' Adjustments (Net) [Refer Note 7]

125.81

20.29

Profit Before Tax And Extraordinary Items

6,667.20

9,085.50

Extraordinary Items (Net) [Refer Note 8]

62.75

637.05

6,604.45

8,448.45

Provision For Tax

Current Income Tax (Before tax credit on Extraordinary items)

1,588.29

2,166.00

Deferred Income Tax

142.35

-

Wealth Tax (Net of Tax credit for earlier year Rs.2.84 lacs) (Previous Year : Nil)

10.16

12.00

1,740.80

2,178.00

Net Profit

4,863.65

6,270.45

Balance Brought Forward

19,950.23

16,367.90

Less : Cumulative Deferred Tax Liability up to 31.3.2001

7,306.21

-

Less : Transferred to Debenture Redemption Reserve for earlier years

936.00

-

[Refer Note 2 & 9 ]

11,708.02

16,367.90

16,571.67

22,638.35

Transferred to Debenture Redemption Reserve

492.00

-

Transferred to General Reserve

365.00

630.00

Proposed Dividend

1,495.00

1,867.62

Corporate Dividend Tax

-

190.50

Surplus In Profit & Loss Account

14,219.67

19,950.23

Notes Forming Part Of Accounts

12

As per our Report of even date
For B.K. KHARE & CO.
Chartered Accountants
D.P. BAPAT
Partner

C.K. MEHTA
Chairman

D.C. MEHTA
Managing Director

S.S. MARATHE
Director

N.C. SINGHAL
Director

Mumbai
Dated 15th June, 2002

S.C. MEHTA
Deputy Managing Director

R. SRIRAMAN
Company Secretary & Chief (Law)

Mumbai
Dated 15th June, 2002