cspl balance sheet 2007

8/14/2019 CSPL Balance Sheet 2007

1/25

CHOTILA SILICA PRIVATE LIMITED

REGD.OFFICE - 305 , ORION ARCADE , ZADESHWAR ROAD , BHARUCH

BALANCE SHEET AS AT 31ST MARCH 2007

PARTICULARS Sch AS AT AS AT

31-03-2007 31-03-2006

SOURCES OF FUNDS :

SHARE HOLDER'S FUNDS :

Share Capital " A " 100200.00 100200.00

Reserves & Surplus " B " 16520275.02 13839993.86

TOTAL 16620475.02 13940193.86

APPLICATION OF FUNDS :

Fixed Assets " M "

Gross Block 6069815.12 3715866.00

Less : Depreciation 805116.00 439846.00

Net Block 5264699.12 3276020.00

Investments " C " 10143842.42 3700000.00

Current Assets, Loans & Advances " D "

Inventories 437927.00 547955.00

Sundry Debtors 1954441.41 5532006.22Cash & Bank Balances 640804.51 545024.80

Loans & Advances 3967287.91 3939762.00

7000460.83 10564748.02

Less : Current Liabilities & Provisions " E " 6062760.35 3907199.16

Net Current Assets - 937700.48 6657548.86

Miscellaneous Expenditure

( to the extent not written off or adjusted)

Deferred Revenue Expenditure - 269667.00 300247.00

Preliminary Expenses - 4566.00 6378.00274233.00 306625.00

TOTAL 16620475.02 13940193.86

NOTES ON ACCOUNTS " L "

As per our attached report of even date

For S.B. LUHARUKA & CO. For and on behalf of the board

CHARTERED ACCOUNTANTS.

S.B.LUHARUKA SANTOSH L. TIBDEWAL SHAILESH SHETH

PROPRIETOR Executive Director Director

Place : Bharuch

Date : 01-09-07


2/25


3/25


REGD.OFFICE - 305 , ORION ARCADE , ZADESHWAR ROAD , BHARUCH

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2007

PARTICULARS Sch YEAR ENDED YEAR ENDED

31-03-2007 31-03-2006

Rs. Rs.

1 INCOME

Sales - 30549680.54 20428373.13

TOTAL 30549680.54 20428373.13

2 EXPENDITURE :

Cost of goods sold " F " 22060584.80 14824870.56

Royalty 713835.00 989731.00

Salaries,Wages,Allowances and Other Benefits " G " 752042.00 642439.00

Administrative Expenses " H " 2452934.78 1815075.00

Selling,Mktg. & Sales Promotion Expenses " I " 1954.00 11439.78

Financial Charges "J " 21013.40 17062.77

Deferred revenue expenditure written off 30580.00 30580.00

Preliminary Expenses Written off 1812.00 1812.00

26034755.98 18333010.11

3 OTHER INCOME "K " 340990.60 172711.05

4 PROFIT BEFORE DEPRECIATION [1-2+3] 4855915.16 2268074.07

5 DEPRECIATION "M " 805116.00 439846.00

6 PROFIT AFTER DEP. BUT BEFORE TAXATION 4050799.16 1828228.07

7 PROVISION FOR TAXATION

-Provision for current year's tax 1357262.00 611071.00

-Deferred Tax (2773.00) (5126.00)

-Fringe Benefit Tax 15257.00 22163.00

-Short provision for tax [ Earlier Year/s] 772.00 25542.00

8 PROFIT AFTER TAXATION 2680281.16 1174578.07

9 BALANCE BROUGHT FORWARD FROM LAST YEAR 10239993.86 9065415.79

Transfer To / From Deferred Tax Liab. 0.00 0.00

10 BALANCE AVAILABLE FOR APPROPRIATIONS 12920275.02 10239993.86

11 APPROPRIATIONS

Transfer to General Reserve 0.00 0.00

Balance Carried to Balance Sheet 12920275.02 10239993.86


For S.B. LUHARUKA & CO. For and on behalf of the board


S.B.LUHARUKA SANTOSH L. TIBDEWAL SHAILESH SHETH

PROPRIETOR Executive Director Director

Place : Bharuch

Date : 01-09-07


4/25


5/25


SCHEDULES ANNEXED TO & FORMING PART OF BALANCE SHEET

AS AT AS AT

31-03-2007 31-03-2006

SCHEDULE "A"

Share Capital

Authorised

20000 Equity Shares of Rs. 10/- each 200000.00 200000.005000 11% non-cumulative redeemable 50000.00 50000.00

pref.shares of Rs 10/- each. 250000.00 250000.00

Issued,Subscribed & Paid Up.

10020 equity shares of Rs 10/- each

fully paid up 100200.00 100200.00

TOTAL 100200.00 100200.00

SCHEDULE "B"

Reserves & Surplus

General Reserve 3600000.00 3600000.00Profit & Loss Account 12920275.02 10239993.86

TOTAL 16520275.02 13839993.86

SCHEDULE "C"

Investments

-Borosil Glass Works Limited 6443842.42 0.00

(55168 equity shares)

-Gujarat Fusion Glass Ltd. 3700000.00 3700000.00

(3,70,000 10% NCRP of Rs 10/-

each fully paid up )

10143842.42 3700000.00

SCHEDULE "D"

Current Assets,Loans & Advances :

a Inventories :

(As taken, Valued & Certified by the management)

Raw Material 224730.00 227040.00

Finished Goods 213197.00 320915.00

Sub Total (a) 437927.00 547955.00

b SUNDRY DEBTORS:Unsecured & Considered Good

More than 6 months 64458.00 29733.00

Others 1889983.41 5502273.22

Sub Total (b) 1954441.41 5532006.22


6/25

c Cash & Bank Balances

Cash on hand,Bharuch 14290.46 80.46

R.B.Gupta Imprest , Chotila 12405.28 4524.28

Bank of Baroda, Bharuch 0.00 6915.47

HDFC Bank Ltd, Bharuch 276381.09 424969.29

HDFC Bank Ltd, Rajkot 5865.05 2958.30

State Bank of Saurastra,Bharuch 8945.00 95746.00Bank of Baroda, Kolkatta 0.00 9831.00

Oriental Bank of Commerce, Bharuch 322917.63 0.00

Sub Total (c) 640804.51 545024.80

d Loans & Advances :

(Unsecured & Considered Good)

Loans to Employees 4500.00 0.00

Deposits 218361.20 211565.00

Pre-Asst. Taxes paid 1050901.71 929275.00

Income Tax refund [A.Y.2006-07] 297884.00 0.00Gujarat Fusion Glass Limited, Mumbai 0.00 551502.00

Kheruka & Co Loan a/c 2036753.00 1917760.00

Advances recoverable in cash or kind 25354.00 8803.00

Prepaid Expenses 14317.00 18243.00

Borosil Holdings Ltd deposit a/c 313961.00 302614.00

Purchase tax (for setoff against VAT) 5256.00 0.00

Sub Total (d) 3967287.91 3939762.00

TOTAL (a+b+c+d) 7000460.83 10564748.02

SCHEDULE "E"

Current Liabilities & Provisions :

Current Liabilities :

Sundry Creditors 4069465.35 2718702.00

Statutory Liabilities 182396.00 157395.16

Outstanding expenses 152336.00 109051.00

(a) 4404197.35 2985148.16

Deferred Tax Liability 286044.00 288817.00

Fringe Benefits Provision 15257.00 22163.00

Current Tax Provision 1357262.00 611071.00

(b) 1658563.00 922051.00

TOTAL (a + b ) 6062760.35 3907199.16


7/25

SCHEDULE "F"

COST OF GOODS PRODUCED

[ CHOTILA MINES ]

Opening Stock 227040.00 189221.00

-Mining labour charges 524496.00 1000533.00

-Transportation charges 575450.00 753635.00

-Crushing job work expenses 173435.00 909364.00-Labour charges at site 28384.00 8693.00

-Consumable & Stores 698761.44 910368.00

-Electricity Charges 466643.00 752927.00

-Repairs & Maintenance 221967.77 312624.00

-General site expenses 0.00 6700.00

-Site utility vehicle expenses 40464.70 0.00

-D.G. set Fuel & Maint. 337351.50 7046.00

3293993.41 4851111.00

224730.00 227040.00

TOTAL 3069263.41 4624071.00

COST OF GOODS SOLD [ CHOTILA MINES]

Opening Stock 320915.00 544084.00

Add : Purchased during the year 369720.00 0.00

Add : Produced during the year 3069263.41 4624071.00

3759898.41 5168155.00

Less : Closing Stock 213197.00 320915.00

sub-tot(1) 3546701.41 4847240.00

COST OF GOODS PRODUCED [MADHAVPURA ]

Opening Stock 0.00 0.00

Add : Direct expenses

-Sieving Jobwork charges 2776824.00 1699380.00

2776824.00 1699380.00


TOTAL 2776824.00 1699380.00

COST OF GOODS SOLD [ MADHAVPURA ]



Add : Process cost 2776824.00 1699380.00

9254132.94 5704189.49


sub-tot(2) 9254132.94 5704189.49


Less : Closing Stock


8/25

COST OF GOODS PRODUCED [CHENPURA MINES]



-Local Carting Charges 76900.00 128660.00

-Mining labour charges 877626.60 812075.00

954526.60 940735.00


TOTAL 954526.60 940735.00

COST OF GOODS SOLD [ CHENPURA MINES]



Add : Produced during the year 954526.60 940735.00

3637767.40 3576759.07


sub-tot(3) 3637767.40 3576759.07

OTHER DIRECT EXPENSES / PURCHASES

Silica Sand purchase 5601913.05 668831.00

Frieght Inward 20070.00 1262.00

Research & Development 0.00 26589.00

sub-tot(4) 5621983.05 696682.00

TOTAL [ Sub-total 1 to 4 ] 22060584.80 14824870.56

SCHEDULE "G"

Salaries,Wages,Allowances, Other Benefits

Salaries , Wages & Bonus 668676.00 569439.00

Conveyance & Transp. Allow. 18580.00 19200.00

Staff Welfare expenses 17442.00 13000.00

Staff housing allowances etc 47344.00 40800.00

TOTAL 752042.00 642439.00

SCHEDULE "H"

Administrative expenses

Audit fees 15528.00 15552.00

Management services 5618.00 5612.00

Membership & Subscription 2107.00 1173.00

Misc.expenses 1247.00 3061.00

Motor cycle fuel 25793.00 30047.00


9/25

Postage & Angadia 6711.00 6998.00

Telephone expenses 73093.70 77154.00

Printing & Stationery 22344.00 17551.00

Professional & Legal charges 20224.00 5620.00

Professional Tax 500.00 1000.00

ROC expenses 800.00 200.00

Surface rent 0.00 1500.00

Taxation fees 16854.00 16836.00Travelling & conveyance 67699.00 31754.00

Travelling & conveyance [ Directors ] 49821.00 74358.00

Tree plantation 1250.00 1375.00

State pollution control board fees 20000.00 15000.00

Insurance premium 42929.00 36886.00

Charity & Donation 2100.00 5000.00

Director Remuneration 1951012.00 1383132.00

Office Expenses 8824.00 4329.00

Repairs & maintenance 725.00 5975.00

Advertisement Expenses 0.00 1828.00

Electricity Office 9686.37 6859.00Bolero Jeep [Fuel & Repairs] 42723.95 58977.00

Gifts & Compliments 11998.00 0.00

Gram Panchayat Tax 0.00 750.00

Pooja expenses 0.00 6548.00

Shares Invest. Relatd expenses 21100.00 0.00

STT paid on shares investments 7467.00 0.00

Input credit [not availed] 22529.76 0.00

Penalty 2250.00 0.00

TOTAL 2452934.78 1815075.00

SCHEDULE "I"

Selling, Marketing & Sales Promotion Expenses

Entertainment expenses 1497.00 10720.00

Purchase Tax 457.00 120.78

Sales tax paid upon assessment 0.00 599.00

TOTAL 1954.00 11439.78

SCHEDULE "J"

Financial Charges

Bank Charges 12266.31 6791.77

Int. on late payment of sales tax 244.00 0.00Int. on late payment of TDS 315.00 41.00

Int.on late payment Prof.Tax 0.00 80.00

Bank Guarantee charges 8188.09 10150.00

TOTAL 21013.40 17062.77


10/25

SCHEDULE "K"

Other Income

Interest on loans 195355.00 144938.00

Interest on I.T.Refunds 0.00 23066.00

Interest from NSCs 4092.00 3683.00Round off 65.95 6.65

Interest on FDRs 6709.91 926.00

Sundry account w/off 1571.74 91.40

Insurance claim received 22598.00 0.00

Share dividend 110336.00 0.00

Trial balance difference 262.00 0.00

TOTAL 340990.60 172711.05

Signature to Schedule "A" to "M"

As per our attached report of even dateFor and on behalf of the board

For S.B. LUHARUKA & CO.


SANTOSH L. TIBDEWAL SHAILESH SHETH

S.B.LUHARUKA Executive Director Director

PROPRIETOR

Place : Bharuch

Date : 01-09-07


11/25


12/25


13/25


14/25


15/25


16/25


17/25


GROUPINGS ANNEXED TO AND FORMING PART OF THE BALANCE

SHEET AND PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED ON

31ST MARCH 2007

SR. PARTICULARS AMOUNT

NO. [ RUPEES]

SUNDRY CREDITORS1 Ashiyana Glass Trader 178443.00

2 Atulbhai S.Shah 75081.00

3 Garib Nawaj Minerals 97016.00

4 Govindbhai Bhagabhai 33865.00

5 Gujarat Transport Corporation 48814.00

6 Kirit C Prajapati 110044.00

7 Ranjeet Road Carriers 100184.00

8 Saraogi & Co. - Ahmedabad 138412.00

9 Shraddha Enterprice 156931.00

10 Ukkadbhai Raghubhai 14960.00

11 Universal Carting 79129.00

12 Amit S Luharuka 8000.0013 Jain & Kachhwaha - Jodhpur 3000.00

14 Pravinbhai R Mehta - Bharuch 9800.00

15 Sabir Husain Salary A/c 2800.00

16 S.B.Luharuka & Co. - Bharuch 34124.00

17 S.K.Tibdewal [Salary a/c ] 177771.00

18 Technomine Consulatants-Jodhpur 36075.00

19 A.A.Ajmera 23384.00

20 Accurate Wire Products-Mumbai 79984.00

21 Airgrow (India) 4789.00

22 All India Minerals 339517.63

23 Arman Minerals- Bangore 487160.40

24 Babubhai Pate ,Chotila 66400.0025 Balaji Printers 2565.00

26 Bhagawti Tractors Parts 8105.00

27 BRK Fabrication Works 6215.00

28 Babubhai-Chotila 5800.00

29 Chamunda Enterprice 9346.00

30 Devansh Industries (06-07) -Rajpardi 1644366.32

31 Dharmesh Trading Co -Rajkot 3134.00

32 Mahaveer Enterprice 6824.00

33 Media Infocom 1850.00

34 Noble Electric Co Pvt Ltd 2409.00

35 Pala & Co-Chotila 9103.00

36 Premier Phasetrack Pvt Ltd 5102.00

37 Shree Chamunda Electric Stores 14981.00

38 Sreya Bearing & Tools 14335.00

39 Shri Ram Electricals 1535.00

40 Vajramani Engineering 8320.00

41 Vajramani Welding Works 11960.00

42 Vijay Machinery Corporation 480.00

43 Vrushabh Transcon Engineers 2000.00

44 Western Mining Company 5351.00

4069465.35


18/25

STATUTORY LIABILITIES

1 Central sales tax (CE) 4% 720.00

2 Central sales tax (CKD) 4% 8416.00

3 Royalty Payable - Chenpura 12335.00

4 VAT payable 90881.00

5 Prof.Tax payable [Employees] 1290.00

6 TDS Payable-Salary/Commission 30000.00

7 TDS on contract payable 36428.008 TDS on Prof.tax payable 1938.00

9 TCS payable 388.00

182396.00

SUNDRY DEBTORS

1 Ambuja Cements 2196.00

2 Guj.Ambuja cements 520.00

3 Bell Ceramic Limited 24411.00

4 Gujarat Ambuja Cements Ltd 1023.00

5 Gujarat Borosil Limited ( Govali ) 1705242.63

6 Swill Limited 4659.00

7 Atul Precicast 22880.008 Best Silicate 14382.00

9 Ganesh Chemicals Works 19670.00

10 G.K Enterprice 4222.00

11 Grow More Enterprice 20290.00

12 Hindustan Marketing 5391.00

13 Lonic Casting Pvt Ltd 4290.00

14 Pavit Ceramic Pvt Ltd-Jolwa 2062.00

15 Pramukh Industries 3804.00

16 Rushi Steel Cast 2347.00

17 Servese Ref Pvt Ltd 1821.00

18 Shafali Rolls Limited 26297.78

19 Shafali Steel Limited 2159.0020 SPL Limited 5947.00

21 Tamco Potteries 33200.00

22 Uma Metals 2805.00

23 Graphite India Limited 44822.00

1954441.41


19/25

Sales( net of sales tax,returns,freight, quality rejections

loading charges etc.)

1 Glass grade , Chotila mines 3469475.21

2 Stone waste sales, Chotila Mines 563081.10

3 Silica Sand - Oversize , Chotila mines 673714.67

4 Silica Sand - Fines , Chotila mines 305325.75

5 Glass grade, Madhavpura 17353716.086 Glass grade, Amod mines 823513.60

7 Glass grade,Bhimpora 6777066.16

8 Lime Stone D Grade, Chenpura mines 4560081.47

34525974.04

Less :

Freight Outward charges

1 At Madhavpura 2517897.00

2 At Amod 159539.00

3 At Bhimpura 1296991.50

30551546.54

Less:

Quality rejections , Material shortage etc. 1866.0030549680.54

OUTSTANDING EXPENSES

1 Salaries,Wages & Allowances 45778.00

2 R.B.Gupta electricity re-imbursement 0.00

3 Surface rent 0.00

4 Telephone charges 0.00

5 Electricity charges 83258.00

6 Crushing labour charges 23300.00

152336.00

PRE-ASSESSMENT TAXES PAID [A.Y.2007-2008]

1 Advance Income Tax 950000.00

2 TDS on interest income 45343.71

3 Advance Fringe Benefit Tax 20080.00

4 TCS on Royalty,Chenpura mines 4489.00

5 TCS on Royalty,Chotila mines 30989.00

1050901.71

DEPOSITS

1 National Savings Certificates 22000.00

2 Guj.Electricity Board deposit 57250.00

3 Lease deed deposit 10000.004 Accrued Int.on NSC 18981.00

5 Telephone Deposits 3000.00

6 Mining Lease [Jamvadi] 1000.00

7 Fixed Deposit [HDFC Bank Ltd] 100000.00

8 Accrued Int. on HDFC FDR 6130.20

218361.20


20/25

REMUNERATION TO DIRECTORS

1 Commission on sales 1891012.00

2 Salary 50400.00

3 Transportation allowance 9600.00

1951012.00

ROYALTY1 Chotila mines 532278.00

2 Chenpura mines 181557.00713835.00

PREPAID EXPENSES

1 Insurance 14317.00

14317.00


21/25


22/25


23/25


24/25


25/25

CHOTILA SILICA PRIVATE LIMITED.

REGD.OFFICE : 305 , ORION ARCADE , ZADESHWAR ROAD , BHARUCH

FINANCIAL YEAR ENDED 31/03/2007

BALANCE SHEET ABSTRACT AND COMPANY'S GENERAL BUSINESS

PROFILE

I Registration Details

Registration No. : 04-31424 State Code : 04

Balance Sheet Date : 31st, March, 2007

II Capital Raised during the year (Amount in Rs. Thousands)

Public Issue Right Issue

- -

Bonus Issue Private Placement

- -

Share Capital Share Application money

- -

III Position of Mobilisation and Deployment of Funds (Amount in Rs.)

Total Liabilities Total Assets

16620 16620

Sources of FundsPaid-up Capital Reserves & Surplus

100 16520

Secured Loans Unsecured Loans

- -

Application of Funds

Net Fixed Assets Investments

5265 10144

Net Current Assets Misc. Expenditure

938 274

Accumulated Losses-

IV. Performance of Company (Amount in Thousand)

Turnover(net) Total Expenditure

30891 26840

Profit Before Tax Profit After Tax

4051 2680

Earning per Share in Rs. 267 Dividend Rate %

V Generic Names of Three Principal Products/Services of Company

(as per monetary terms)

ITEM CODE NO. : NOT MADE AVAILABLE

PRODUCT DESCRIPTION : SILICA SAND


For S.B.LUHARUKA & CO. For and on behalf of the board

CHARTERED ACCOUNTANT

S.B.LUHARUKA SANTOSH TIBDEWAL SHAILESH SHETH

Proprietor Executive Director Director

Place : Bharuch

Date : 01-09-07

cspl balance sheet 2007

Documents