Annual Report 2011 - Ballarpur Industries Limited

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ConsoLIDATeD proFIT & Loss ACCounT for the year ended june 30, 2011 As per our report attached DINeSh KuMAr BAChChAS Partner Membership No. 097820 For and on behalf of K. K. MANKeShWAr & CO. Chartered Accountants FrN: 106009W New Delhi, dated the 18th August, 2011 GAuTAM ThAPAr chairman r. r. VeDerAh managing director & executive vice chairman B. hArIhArAN group director (finance) VIVeK KuMAr GOYAL chief financial officer AKhIL MAhAJAN company secretary New Delhi 18th August, 2011 All Amount in indiAn Rupees thousAnds except shARe dAtA sCheDuLe Current Year previous Year InCome Sales "I" 46,512,201 38,964,062 Less: excise Duty 1,531,728 1,018,110 Net Sales 44,980,473 37,945,952 Other Income "II" 168,500 238,556 Increase / (Decrease) in Stocks "III" 487,299 129,152 ToTAL eXpenDITure 45,636,272 38,313,660 Manufacturing Costs "IV" 31,236,307 25,522,297 Purchases 828,279 566,700 Personnel Costs "V" 2,795,040 2,482,893 Administration, Selling & Miscellaneous Costs "VI" 2,021,413 1,360,496 Deferred revenue expenditure - Amortised (Net) 4,996 197,847 Interest and Finance Costs (Net) "VII" 2,704,474 2,371,088 Depreciation & Impairment 3,351,337 3,018,853 ToTAL 42,941,846 35,520,174 profit Before Taxation provisions for Taxation 2,694,426 2,793,486 Current Tax/MAT 594,223 472,192 relating to earlier years 4,577 148 MAT entitlement Credit (431,000) (219,028) Deferred Tax (129,400) 136,112 38,400 389,424 profit After Taxation 2,656,026 2,404,062 Less: Minority Interest 529,000 434,121 profit after Taxation & minority Interest 2,127,026 1,969,941 Add: Balance brought forward from last year 6,477,958 4,965,216 Add: Debenture redemption reserve no longer required 75,000 75,000 Amount available for Appropriation ApproprIATIons 8,679,984 7,010,157 General reserve 50,000 150,000 Debenture redemption reserve proposed Dividend: 1,987,500 – On 655523839 equity Shares @ 30% 393,314 – (On 655523839 equity Shares @ 25%) – 327,762 393,314 327,762 Add: Dividend Tax on above 63,805 54,437 457,119 382,199 Balance carried to Balance sheet 6,185,365 6,477,958 NOTeS FOrMING PArT OF PrOFIT & LOSS ACCOuNT "VIII" 8,679,984 7,010,157 BASIC eArNINGS Per ShAre (rs.) 3.24 3.45 DILuTeD eArNINGS Per ShAre (rs.) 3.23 3.11 Consolidated FinanCials 79
ConsoLIDATeD CAsh FLow sTATemenT for the year ended june 30, 2011 As per our report attached DINeSh KuMAr BAChChAS Partner Membership No. 097820 For and on behalf of K. K. MANKeShWAr & CO. Chartered Accountants FrN : 106009W New Delhi, dated the 18th August, 2011 80 Ballarpur industries limited i annual report 2010-11 GAuTAM ThAPAr chairman r. r. VeDerAh managing director & executive vice chairman B. hArIhArAN group director (finance) VIVeK KuMAr GOYAL chief financial officer AKhIL MAhAJAN company secretary New Delhi 18th August, 2011 All Amount in indiAn Rupees thousAnds except shARe dAtA Current Year previous Year A. CAsh FLow From operATInG ACTIVITIes net profit Before Tax and Appropriations Add /(Less) : Adjustments for : 2,694,426 2,793,486 (Profit) / Loss on Sale of Assets (Investing Activity) 1,088 (1,667) unspent Liabilities and excess Provisions of earlier years written back (2,001) (11,705) Assets discarded 947 5,346 Interest and Finance Costs (net) 2,704,474 2,371,088 Depreciation & Impairment 3,351,337 3,018,853 Deferred revenue expenses amortised 4,996 197,847 Bad debts and claims written off – 18,636 operating profit before working Capital changes Adjustments for working Capital changes : 8,755,267 8,391,884 Trade payable and others 1,357,395 5,429,651 Inventories (1,558,203) (2,803,046) Trade and other receivables 152,480 (1,363,849) Loans and Advances (599,197) (1,611,383) Cash generated from operations 8,107,742 8,043,257 Direct Taxes Paid (1,084,485) (572,151) neT CAsh InFLow From operATInG ACTIVITIes 7,023,257 7,471,106 B. CAsh FLow From InVesTInG ACTIVITIes Increase in Fixed Assets, Capital WIP, Capital Advances (Net) (11,199,079) (4,472,087) Sale of assets 52,402 2,100 Acquisition of Subsidiary (452,195) – Subscription / Purchase of Investment (Net of redemption) – (24,150) Interest received 241,486 222,059 neT CAsh useD In InVesTInG ACTIVITIes (11,357,386) (4,272,078) C. CAsh FLow From FInAnCInG ACTIVITIes Proceeds from Issuance / (repayment) of Share Capital (net) – 1,350,000 Payment for Buyback Compulsory and Optional (379) (688) Proceeds from Issuance/(repayment) of unsecured zero coupon compulsory convertible bonds Including premium payable on redemption (3,252,956) 1,650,000 Increase / (Decrease) in long term and other borrowings (net) 9,111,456 (1,222,426) Interest Paid (2,777,927) (2,549,169) Debenture issue expenses (80,915) – Dividend Paid (including dividend tax) (382,460) (326,002) neT CAsh useD In FInAnCInG ACTIVITIes 2,616,819 (1,098,285) neT InCreAse In CAsh AnD CAsh eQuIVALenTs (A+B+C) (1,717,310) 2,100,743 ImpACT oF ForeIGn CurrenCY TrAnsLATIon reserVe 555,246 (727,204) CAsh AnD CAsh eQuIVALenTs (openInG BALAnCe) 2,416,772 1,043,233 ADD: upon ACQuIsITIon oF A suBsIDIArY 2,624 – CAsh AnD CAsh eQuIVALenTs (CLosInG BALAnCe) noTes 1. The above statement has been prepared following the Indirect Method. 1,257,332 2,416,772 2. Increase in Fixed Assets are stated inclusive of movements of Capital work in progress and Capital advances between the beginning and the end of the year. 3. Proceeds from long term and other borrowings are shown net of repayments. 4. Cash and Cash equivalents represent Cash and Bank Balances only. 5. Figures of previous year have been rearranged and regrouped wherever necessary to conform to current year classifications.
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contents 02 financials 52 board of
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company information listing on stoc
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PAPER PRODUcTION (in mt) CAGR 14.24
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InDeeD, aS I wrIte this letter to y
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onds) and is listed on the Singapor
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DurIng the fIrSt half of CY 2011, t
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India is highly fragmented with a m
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the mill has further reduced by 22.
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ha in 2010-11 with more than 800 ha
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Capacity expansion The status of ca
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TABLE 1 ABRIDGED PROfIT AND LOSS ST
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empowerment backed by strategic eng
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anIl D KhartoDe BhIgwan, pune Anil
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Veena chouDhary Illur VIllage, aSht
Page 30 and 31: indicators 2010-11 cOMMUNITY MOBILI
Page 32 and 33: BIlt IS leD By a strong and indepen
Page 34 and 35: TABLE 3 cOMPOSITION Of BOARD-LEVEL
Page 36 and 37: TABLE 4 DETAILS Of GENERAL MEETINGS
Page 38 and 39: cHART A BILT’S SHARE PERfORMANcE
Page 40 and 41: directors’ report Your Directors
Page 42 and 43: Rs. 66.67 Crore. PTIL is one of the
Page 44 and 45: which were filed on 22 December 201
Page 46 and 47: c. Back water tank pump supplying w
Page 48 and 49: 4. 7. Potential CDM projects/ Carbo
Page 50 and 51: to the members of ballarpur industr
Page 52 and 53: ANNExURE 1 in RS lACS Name of Statu
Page 54 and 55: PROFIt & lOSS accOUnt for the year
Page 56 and 57: ScheDUleS "a" tO "l" attached to an
Page 68 and 69: ScheDUleS "I" tO "VIII" attached to
Page 76 and 77: StateMent UnDeR SectIOn 212 OF the
Page 78 and 79: AuDITors’ reporT on ConsoLIDATeD
Page 82 and 83: ConsoLIDATeD sCheDuLes "A" To "L" a
Page 90 and 91: ConsoLIDATeD sCheDuLes "I" To "VIII
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Annual Report 2011 - Ballarpur Industries Limited

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