INDIAN RAYON AND INDUSTRIES LIMITED - Aditya Birla Nuvo, Ltd

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Balance Sheet as at 31st March, 2000 As at 31st As at 31st Schedule March, 2000 March, 1999 Rs. in Crores Rs. in Crores SOURCES OF FUNDS SHAREHOLDERS’ FUNDS Share Capital Reserves & Surplus ‘1’ ‘2’ 59.88 1047.69 67.48 1359.81 1107.57 1427.29 LOAN FUNDS Secured Loans ‘3’ 450.03 638.06 Unsecured Loans ‘4’ 146.14 13.00 596.17 651.06 TOTAL FUNDS EMPLOYED 1703.74 2078.35 APPLICATION OF FUNDS FIXED ASSETS Gross Block Less : Depreciation ‘5’ 1213.05 371.15 1451.18 395.35 Net Block Capital Work-in-Progress 841.90 14.53 1055.83 12.81 856.43 1068.64 ASSETS HELD FOR DISPOSAL 43.07 — INVESTMENTS ‘6’ 344.16 440.19 CURRENT ASSETS, LOANS & ADVANCES: Inventories ‘7’ 266.65 219.01 Sundry Debtors ‘8’ 200.38 173.25 Cash & Bank Balances ‘9’ 32.46 7.75 Interest accrued on Investments 1.95 8.22 Loans & Advances ‘10’ 112.03 316.59 613.47 724.82 Less : CURRENT LIABILITIES <strong>AND</strong> PROVISIONS: ‘11’ Current Liabilities 165.41 125.34 Provisions 6.65 29.96 172.06 155.30 NET CURRENT ASSETS 441.41 569.52 Miscellaneous expenditure (to the extent not written off or adjusted) Marketing/Technical know-how 18.67 — TOTAL FUNDS UTILISED 1703.74 2078.35 Significant Accounting Policies and Notes on Accounts ‘19’ Schedules referred to above form an integral part of the accounts As per our attached Report of even date. For LODHA & CO., For KHIMJI KUNVERJI & CO., ADESH GUPTA Chairman : KUMAR MANGALAM BIRLA Chartered Accountants Chartered Accountants President & CFO Directors : RAJASHREE BIRLA H. J. VAIDYA N. KISHORE BAFNA SHIVJI K. VIKAMSEY ASHOK MALU D. S. DAHANUKAR Partner Partner Company Secretary B. L. SHAH ASHWINI KUMAR KANORIA Mumbai, 20th April, 2000 34
Profit & Loss Account for the year ended 31st March, 2000 1999-00 1998-99 Schedule Rs. in Crores Rs. in Crores INCOME Sales 1186.95 1466.62 Other Income ‘12’ 52.12 94.43 Increase/(Decrease) in Stocks ’13’ 21.24 (4.92) 1260.31 1556.13 EXPENDITURE Cost of Materials ‘14’ 507.81 501.72 Manufacturing Expenses ‘15’ 186.76 268.01 Salaries, Wages and Employee Benefits ‘16’ 108.24 109.56 Selling and Other Expenses ‘17’ 137.13 192.12 Excise Duty 115.05 162.09 Interest and other Finance Expenses ‘18’ 74.24 116.57 1129.23 1350.07 PROFIT Profit before Depreciation/Amortisation and Exceptional items 131.08 206.06 Depreciation/Amortisation 71.90 91.58 Less : Transfer from Revaluation Reserve 0.38 0.88 Marketing/Technical know-how expenditure written off 0.98 — Profit before Exceptional items and Tax 58.58 115.36 Exceptional loss due to exit from Sea Water Magnesia business 298.82 — (Refer note No. 3 in Schedule 19) Share buyback expenses 0.99 — Provision for Income Tax — 9.32 Profit/(Loss) after Exceptional items (241.23) 106.04 Transfer from Investment Allowance Reserve — 7.00 Transfer from Debenture Redemption Reserve 71.11 3.29 Balance brought forward 207.32 131.95 Profit Available for Appropriation 37.20 248.28 APPROPRIATIONS Proposed Dividend 5.99 26.99 Corporate Tax on Proposed Dividend 0.66 2.97 General Reserve — 11.00 Surplus carried to Balance Sheet 30.55 207.32 37.20 248.28 Significant Accounting Policies and Notes on Accounts ‘19’ Schedules referred to above form an integral part of the accounts As per our attached Report of even date. For LODHA & CO., For KHIMJI KUNVERJI & CO., ADESH GUPTA Chairman : KUMAR MANGALAM BIRLA Chartered Accountants Chartered Accountants President & CFO Directors : RAJASHREE BIRLA H. J. VAIDYA N. KISHORE BAFNA SHIVJI K. VIKAMSEY ASHOK MALU D. S. DAHANUKAR Partner Partner Company Secretary B. L. SHAH ASHWINI KUMAR KANORIA Mumbai, 20th April, 2000 35
Page 1 and 2: INDIAN RAYON AND INDUSTRIES LIMITED
Page 3 and 4: INDIAN RAYON AND INDUSTRIES LIMITED
Page 5 and 6: Insulators The Insulator sector app
Page 7 and 8: Management’s Discussion and Analy
Page 9 and 10: failed/delayed monsoon in the Saura
Page 11 and 12: The domestic price of carbon black
Page 13 and 14: Leveraging on existing relationship
Page 15 and 16: FINANCIAL REVIEW AND ANALYSIS Highl
Page 17 and 18: Investments The net inflow from liq
Page 19 and 20: Director’s Interest in the Compan
Page 21 and 22: 7. All company related information
Page 23 and 24: Social Report Beyond Business - Rea
Page 25 and 26: Directors’ Report to the Sharehol
Page 27 and 28: Appropriations are made as under: P
Page 29 and 30: PARTICULARS AS PER SECTION 217 OF T
Page 31 and 32: ANNEXURE Form-A Form for disclosure
Page 33: xv) xvi) xvii) xviii) xix) xx) xxi)
Page 37 and 38: Schedules SCHEDULE ‘3’ As at 31
Page 39 and 40: Schedules SCHEDULE ‘6’ (Contd.)
Page 41 and 42: Schedules SCHEDULE ‘7’ As at 31
Page 43 and 44: Schedules SCHEDULE ‘12’ 1999-00
Page 45 and 46: Schedules SCHEDULE ‘17’ 1999-00
Page 47 and 48: Schedules SCHEDULE ‘19’ NOTES O
Page 49 and 50: Schedules SCHEDULE ‘19’ NOTES O
Page 51 and 52: Schedules ANNEXURE I (Contd.) (b) R
Page 53 and 54: Cash Flow Statement for the year en
Page 55 and 56: DIRECTORS’ REPORT LAXMINARAYAN IN
Page 57 and 58: SCHEDULE-1 As at 31st As at 31st SH
Page 59 and 60: DIRECTORS’ REPORT Dear Shareholde
Page 61 and 62: SCHEDULE-1 As at 31st As at 31st SH
Page 63 and 64: 8. Stock Market Data Bombay Stock E
Page 65 and 66: 15. Categories of Shareholding as o

INDIAN RAYON AND INDUSTRIES LIMITED - Aditya Birla Nuvo, Ltd

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