906Annual Report 2008-09.pdf - Hindusthan National Glass ...

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Schedules forming part of the Accounts (Amount in Rupees) 31.03.2009 31.03.<strong>2008</strong> Schedule – G CASH AND BANK BALANCES Cash Balance on hand 57,365 1,73,813 Cheques in hand 1,38,218 – Balances With Scheduled Banks in Current Accounts 9,56,791 10,25,946 in Fixed Deposit Accounts 10,00,000 15,00,000 21,52,374 26,99,759 Schedule – H LOANS AND ADVANCES AND OTHER CURRENT ASSETS (Unsecured and Considered good) Loans To Bodies Corporate 65,00,000 65,00,000 Advances recoverable in cash or in kind or for value to be received 12,13,909 15,60,632 Advance Income Tax 8,94,601 10,06,513 86,08,510 90,67,145 Schedule – I CURRENT LIABILITIES Sundry Creditors Dues to Micro, Small & Medium Enterprises – – Others 10,21,164 25,48,295 Other Liabilities 5,86,977 5,43,430 16,08,141 30,91,725 Schedule – J PROVISIONS For Taxation 9,55,400 18,15,227 For Gratuity and Unavailed Leave 6,517 5,628 For Fringe Benefit Tax – 558 9,61,917 18,21,413 Schedule – K SALES Feldspar Powder 2,62,65,959 2,37,05,689 2,62,65,959 2,37,05,689 Schedule – L OTHER INCOME Miscellaneous Receipts – 461 Interest Received From Bank (TDS Rs 18,431 Previous year Rs 21,501) 1,02,672 1,11,115 From Others (TDS Rs 1,54,655 Previous year Rs 1,54,655) 6,82,500 6,82,500 7,85,172 7,94,076 110 | Quality Minerals Limited
Schedules forming part of the Accounts (Amount in Rupees) 31.03.2009 31.03.<strong>2008</strong> Schedule – M INCREASE / (DECREASE) IN STOCK Closing Stock Feldspar Lumps 5,28,859 4,34,518 5,28,859 4,34,518 Less : Opening Stock Feldspar Lumps 4,34,518 4,61,934 Increase / (Decrease) 94,341 (27,416) Schedule – N MATERIALS Raw Materials Consumed 1,55,31,514 1,54,04,861 1,55,31,514 1,54,04,861 Schedule – O MANUFACTURING AND OTHER EXPENSES Salaries,Wages and Bonus 2,74,793 2,19,759 Miscellaneous Expenses 30,364 22,470 Grinding Charges 78,83,638 67,05,789 Freight Charges – 69,443 Directors Remuneration 3,00,000 3,00,000 Payment to Auditors :- Audit Fees 9,927 6,742 Other Services 24,354 15,927 85,23,076 73,40,130 Schedule – P ACCOUNTING POLICIES AND NOTES ON ACCOUNTS A. Significant Accounting Policy 1) Basis of Accounting The Company prepares its accounts under the historical cost convention on accrual basis, except otherwise stated in accordance with normally accepted accounting principles and applicable Accounting Standards in India. 2) Sales Sales are recognised on dispatch of goods by the Company and are reflected in accounts at net realisable value. 3) Fixed Assets & Depreciation Fixed Assets are shown at cost less depreciation. Depreciation has been charged at the rates specified in Schedule XIV to the Companies Act, 1956. 4) Valuation of Inventory Raw material is valued at lower of cost or net realisable value. 5) Earning per Share The earnings considered in ascertaining the Company's earning per share comprises of the net profit after tax. The number of shares used in computing basic earning per share is weighted average number of shares outstanding during the year. Quality Minerals Limited | 111
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Hindusthan National Glass & Industr
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Each time our customers are REPLENI
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Hindusthan National Glass & Industr
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Vision To create a world-class glas
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HOW WE PROGRESSED IN 2008-09 In the
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Challenging times. Declining offtak
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CHAIRMAN’S THOUGHTS HNG enjoyed a
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accelerated product roll-out to mee
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LOCALLY MANUFACTURED BOTTLES. GLOBA
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ENHANCING AESTHETICS. OPTIMISING CO
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MANAGEMENT STATEMENT The Management
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CORPORATE RESPONSIBILITY AND SUSTAI
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DIRECTORS' REPORT We are delighted
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ii) they have selected such account
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Particulars Unit Year ended 2008-09
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The Board of Directors, at its meet
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MANAGEMENT DISCUSSION AND ANALYSIS
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production at all times. Highlights
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Business driver - 3 Quality At HNG,
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Managing uncertainties at HNG Risk
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THE DIRECTORS PRESENT THE COMPANY
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c. Major accounting entries involvi
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To Executive Directors The details
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Related Party Transactions in the o
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Registrar & Share Transfer Agent Sh
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Information to shareholders Code of
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of the Companies Act, 1956 have bee
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Balance Sheet As at March 31, 2009
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Cash Flow Statement For the year en
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Schedules forming part of the Accou
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Page 80 and 81: Statement Regarding Subsidiary Comp
Page 82 and 83: Director’s Report b) Additional I
Page 84 and 85: 23. The Company has not invited/acc
Page 86 and 87: Annexure to the Auditors’ Report
Page 88 and 89: Balance Sheet As at March 31, 2009
Page 90 and 91: Cash Flow Statement For the year en
Page 104 and 105: Directors’ Report To the Sharehol
Page 106 and 107: Statement of matters specified by t
Page 108 and 109: Balance Sheet As at March 31, 2009
Page 110 and 111: Cash Flow Statement For the year en
Page 118 and 119: Consolidated Balance Sheet As at Ma
Page 120 and 121: Consolidated Cash Flow Statement Fo
Page 122 and 123: Schedules forming part of the Conso
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