2009-10 Annual Report - SPML

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SPML INFRA LIMITEDSPML INFRA LIMITED (formerly Subhash Projects and Marketing Limited)SCHEDULES FORMING PART OF THE BALANCE SHEET AND PROFIT & LOSS ACCOUNT9. Managerial remuneration(a) Details of managerial remuneration for managing director, other whole time directors and non whole time directors are as follows:(Rs. in ’000)2009- 10 2008- 09Salary 22,356 14,400Contribution to provident fund 432 432Commission 17,100 21,083Perquisites 1,770 2,012Directors’ Sitting fees 126 146Total 41,784 38,073Note: As the future liability for gratuity and long term compensated absences is provided on an actuarial basis for the Company as a whole, theamount pertaining to the directors are not included above.(b) Computation of net profit under Section 349 of the Companies Act, 1956 for calculation of commission payable to directors(Rs. in ‘000)2009-10 2008-09Profit before taxation as per Profit & Loss Account 552,867 663,798Add: Remuneration to Directors 41,784 38,073Wealth Tax – 213Loss on sale/discard of Fixed Assets 3,010 667Net Profit for the purpose of Director’s Commission 597,661 702,751Directors’ remuneration subject to 3% of net profits as calculated above 17,100 21,08310. Based on the information / documents available with the Company, information as per the requirement of Section 22 of The Micro, Small andMedium Enterprises Development Act, 2006 are as under:(Rs. in’000)2009-10 2008-09(i) Principal amount remaining unpaid to suppliers at the end of accounting year 14,111 7,188(ii) Interest due on above 224 67Total of (i) & (ii) 14,335 7,255(iii) Amount of interest paid by the Company to the suppliers Nil Nil(iv) Amounts paid to the suppliers beyond the respective due date 12,655 21,694(v)Amount of interest due and payable for the period of delay in payments (which have beenpaid beyond the due date during the year) but without adding the interest specified underthe Act1,004 1,300(vi) Amount of interest accrued and remaining unpaid at the end of accounting year 4,379 3,151(vii)The amount of further interest remaining due and payable even in the succeeding years,until such date when the interest dues as above are actually paid to the small enterprisefor the purpose of disallowance as a deductible expenditure under Section 23 of the MicroSmall and Medium Enterprise Development Act,20061,228 1,36758
ANNUAL REPORT 2009-10SPML INFRA LIMITED (formerly Subhash Projects and Marketing Limited)SCHEDULES FORMING PART OF THE BALANCE SHEET AND PROFIT & LOSS ACCOUNT11. Derivatives outstanding as at Balance Sheet date(Rs. In ‘000)Particulars Currency Amount in Foreign CurrencyAs at March 312010 2009Forward Contracts ( Payable) USD 5,000 –EURO 880 –Note: All the above contracts are for hedging purpose and not for speculation12. Earnings in foreign currency (Accrual basis)(Rs. in ’000)2009-10 2008-09F.O.B. Value of exports Nil Nil13. Expenditure in foreign currency (Accrual basis)(Rs. in ’000)2009-10 2008-09Travelling 2,351 1,232Business Promotion 1,132 NilConsultancy Charges Nil 1,8723,483 3,10414. Value of imports calculated on CIF basis(Rs. in ’000)2009-10 2008-09Materials 8,417 92,319Capital Goods 58,740 51,607Total 67,157 143,92615. Net dividend remitted in foreign exchange Nil Nil16. Quantitative information in respect of installed capacity, licensed capacity and goods manufactured and sold in relation to wind power2009-10 2008-09Units in ‘000 Rs. in ‘000 Units in ‘000 Rs. in ‘000Installed Capacity 69,730 Not Applicable 69,730 Not ApplicablePower generated 5,635 Not Applicable 9,302 Not ApplicablePower sold 5,635 16,317 9,302 15,12017. According to the Company, construction activity is a service activity and therefore, in terms of para 3(ii)(c) of Part II of Schedule VI to the CompaniesAct, 1956, the gross income determined from construction activity has been given in the schedule.59
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Scaling new heightsSPML INFRA LIMIT
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SPML, creating a green footstep for
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Credentials and recognizationOutsta
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ENERGYINFRASTRUCTUREdesigns and eng
Page 9 and 10: Our Areas of OperationEPCEngineerin
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Page 13 and 14: Board of DirectorsMr. Anil Kr. Seth
Page 15 and 16: DIRECTORS’ REPORTANNUAL REPORT 20
Page 17 and 18: Shri Sarthak Behuria was appointed
Page 19 and 20: Major Orders Awardedi) Rs. 209.56 C
Page 21 and 22: Meetings & AttendanceSix (6) Board
Page 23 and 24: (vi) Committee for regular Banking
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SPML INFRA LIMITED(formerly Subhash
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SPML INFRA LIMITED(formerly Subhash
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our people, our powerSPML INFRA LIM
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2009-10 Annual Report - SPML

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