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

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Consolidated Balance Sheet As at March 31, 2009 (Rs in lacs) Schedules As at 31.03.2009 As at 31.03.2008 SOURCES OF FUNDS Shareholders' Funds Share Capital A 1746.77 1746.77 Reserves and Surplus B 93153.70 86244.22 94900.47 87990.99 Loan Funds Secured Loans C 41804.23 28957.70 Unsecured Loans D 9210.65 13127.61 51014.88 42085.31 Deferred Tax Liabilities (Net) 4207.24 1845.04 Total 150122.59 131921.34 APPLICATION OF FUNDS Fixed Assets E Gross Block 139393.60 127459.54 Less : Depreciation 48553.01 42181.15 Net Block 90840.59 85278.39 Capital Work-In-Progress 8203.39 4510.60 Investments F 10213.07 11394.50 Current Assets, Loans and Advances Inventories G 22784.41 17343.27 Sundry Debtors H 22723.03 16456.51 Cash and Bank Balances I 1175.74 1701.48 Loans and Advances and Other Current Assets J 19909.53 14059.66 66592.71 49560.92 Less: Current Liabilities and Provisions Current Liabilities K 19399.72 14399.63 Provisions L 6327.45 4423.44 25727.17 18823.07 Net Current Assets 40865.54 30737.85 Total 150122.59 131921.34 Significant Accounting Policies & Notes on Accounts S The Schedules referred to above form an integral part of Consolidated Balance Sheet As per our report of even date For Lodha & Co. Mukul Somany Sanjay Somany Chartered Accountants Jt. Managing Director Managing Director H. K. Verma Priya Ranjan Nirmal Khanna Partner Company Secretary Sr. Vice President and Kolkata Chief Financial Officer June 20, 2009 116 | Hindusthan National Glass & Industries Limited
Consolidated Profit and Loss Account For the year ended March 31, 2009 (Rs in lacs) Schedules 31.03.2009 31.03.2008 INCOME Sales M 146105.65 115867.01 Less : Excise Duty 13049.49 12954.42 133056.16 102912.59 Other Income N 2174.21 1122.98 Increase / (Decrease) in Stock O 1403.94 (460.84) 136634.31 103574.73 EXPENDITURE Materials P 40844.61 30018.52 Manufacturing and Other Expenses Q 71904.55 51908.76 112749.16 81927.28 Profit before Depreciation, Interest and Tax 23885.15 21647.45 Depreciation 7850.97 7371.65 Transferred From Revaluation Reserve (306.68) (281.21) 7544.29 7090.44 Interest and Finance Expenses R 4369.55 2365.07 11913.84 9455.51 Profit before Tax 11971.31 12191.94 Less : Provision for Income Tax - Current Tax 161.35 99.01 - Minimum Alternate Tax 1310.00 1367.20 - Less: MAT Credit Entitlement 355.00 955.00 1367.20 – - Fringe Benefit Tax 51.64 38.20 - Deferred Tax (6.99) (2683.19) - Income Tax for Earlier years (7.87) (1300.18) Profit after Tax 10818.18 16038.10 Less: Share in Associate 181.66 – Net Profit before Minority Interest 10636.52 16038.10 - Concern Share 10637.21 16038.74 - Minority (0.69) (0.64) Add: Balance brought forward from last year 810.62 620.23 Amount Available for Appropriation 11447.83 16658.97 APPROPRIATIONS General Reserve 7200.00 15000.00 Debenture Redemption Reserve 1250.00 – Proposed Dividend on Equity Shares 899.79 725.11 Tax(including Cess) on Proposed Dividend 152.92 123.24 Balance carried to the Balance Sheet 1945.12 810.62 11447.83 16658.97 Basic and Diluted Earning per Share of Rs 10/- each 60.90 91.82 Significant Accounting Policies and Notes on Accounts S The Schedules referred to above form an integral part of Consolidated Profit and Loss Account As per our report of even date For Lodha & Co. Mukul Somany Sanjay Somany Chartered Accountants Jt. Managing Director Managing Director H. K. Verma Priya Ranjan Nirmal Khanna Partner Company Secretary Sr. Vice President and Kolkata Chief Financial Officer June 20, 2009 Hindusthan National Glass & Industries Limited | 117
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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 68 and 69: Schedules forming part of the Accou
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 120 and 121: Consolidated Cash Flow Statement Fo
Page 122 and 123: Schedules forming part of the Conso
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906Annual Report 2008-09.pdf - Hindusthan National Glass ...

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