Board of Directors - Opto Circuits

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OPTO CIRCUITS (INDIA) LIMITED, BANGALORE. CONSOLIDATED SCHEDULE TO BALANCE SHEET AS AT 31.03.2006 (Contd.) 94 LESS: 31.03.2006 31.03.2005 (Rs.) (Rs.) Closing Stock of WIP 27,537,268 13,099,326 Closing Stock of Finished Goods - - TOTAL( B ) 27,537,268 13,099,326 Increase/(Decrease) in WIP & Finished Goods(B-A) 12,290,542 (10,902,555) SCHEDULE M: A. MANUFACTURING EXPENSES: CONSUMPTION OF RAW MATERIALS & CONSUMABLES Opening Stock ADD: 436,580,578 280,870,209 Purchase of Raw Materials & Consumables 1,008,490,803 850,769,274 TOTAL(A) 1,445,071,381 1,131,639,483 LESS: Closing Stock Raw Materials & Consumables TOTAL(B) 767,617,844 436,580,594 Raw materials & Consumables Consumed(A-B) 677,453,537 695,058,889 B. FACTORY EXPENSES: Labour Charges & Job Work 10,754,329 8,297,209 Power & Fuel 7,776,405 6,411,775 Tooling Charges 309,787 4,894,435 Insurance 5,071,233 5,265,067 Repairs & Maintenance - Plant & Machinery 1,072,229 908,535 Repairs & Maintenance - Electricals & Others 917,426 866,872 Repairs & Maintenance - Building 905,126 72,553 R&D,Product Development Expenses 1,623,259 933,066 Difference in Exchange 1,289,086 - Freight, Handling, Octroi and Others 6,977,658 - Warranty Purchases 1,541,815 - Sales Tax 38,914 41,972 Service Charges 12,256,865 10,592,782 Spares - materials 4,706,205 9,032,259 Production Supplies 186,608 376,891 Customs Duty & Supervision Charges 125,129 657,798 TOTAL (B) 55,552,074 48,351,214 TOTAL (A+B) 733,005,611 743,410,103 SCHEDULE N: A. ADMINISTRATIVE EXPENSES: Advertisement & Trade Shows 4,826,794 4,082,533 AGM Expenses 30,991 55,205 Auditor’s Remunaration 841,500 691,004 Bad Debts Written off - 1,544,573 Commission 9,321,233 5,496,468 Directors Remuneration 10,125,000 9,000,000 Discount Allowed 3,300,247 2,529,866 Donation 67,057 186,232 Electricity & Water Charges 968,743 833,896 Foreign Exchange Translation Loss 5,073,144 - General Expenses 2,394,314 2,282,029 Insurance 2,860,553 3,811,023 Loss on sale of Asset 2,944,108 639,757
OPTO CIRCUITS (INDIA) LIMITED, BANGALORE. CONSOLIDATED SCHEDULE TO BALANCE SHEET AS AT 31.03.2006 (Contd.) 31.03.2006 31.03.2005 (Rs.) (Rs.) Membership, Books & Periodicals 566,704 292,690 Miscellaneous Expenses - 46,796 Office Maintenance 3,343,744 2,662,735 Outside Labour 1,013,194 1,686,243 Penalties and Interest 249,319 - Postage, Telephone & Fax Charges 10,114,550 8,546,456 Premlinary expenses Written off - 18,000 Printing & Stationery 6,853,731 5,498,022 Professional Consultancy Charges 8,944,776 9,625,254 Quality Certification, Patent & FDA Expenses 1,727,468 1,132,678 Rates & Taxes 2,155,192 642,843 Rent 8,252,707 6,766,270 Repairs & Maintenance - Others 1,507,328 2,507,117 Repairs & Maintenance - Vehicle 429,465 5,268,026 Security Charges 291,162 226,010 Seminar Expenses 997,124 1,379,067 Share Transfer Charges 124,295 484,477 Tender 308,877 329,080 Travelling & Conveyance 23,440,880 19,895,108 TOTAL (A) 113,074,200 98,159,458 B. STAFF EXPENSES: Salaries & Allowances 93,797,518 83,525,406 Staff Welfare and Aminities 12,918,819 5,987,795 TOTAL (B) 106,716,337 89,513,201 C. SELLING EXPENSES: Freight & Handling Charges 17,893,758 11,939,006 Duty 353,792 6,554,631 Difference in Exchange - 4,304,846 Packing Materials 1,615,768 1,760,979 Clearing Charges 1,837,299 1,370,490 Business Promotion Expenses 8,333,279 5,997,629 Transportation 516,204 128,717 TOTAL(C) 30,550,100 32,056,298 TOTAL ( A+B+C ) 250,340,637 219,728,957 SCHEDULE O: FINANCIAL CHARGES Interest - Working Capital 32,390,386 20,639,281 Interest on Term Loan 6,348,186 7,093,610 Interest to Others 1,021,937 1,332,479 Bank Charges 12,493,036 7,856,239 TOTAL 52,253,545 36,921,609 95
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BOARD OF DIRECTORS AUDITORS COMPANY
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4 INDEX Showcase - Key Milstones 3
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6 BRAINS TRUST Meet the Management
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8 BUSINESS MODEL Driving Growth thr
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10 BUSINESS MODEL Driving Growth th
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12 ADVANCED MICRONIC DEVICES LTD. E
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14 INORGANIC GROWTH A Growth Driver
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16 PRODUCT PROFILE Heart surgery ha
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Tete'a-Tete' with Dr. Michael Orlow
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20 BUSINESS STRATEGIST “R&D is a
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22 OUR OFFICES International Sales
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24 Transcending the Number Barrier
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26 5YEAR FINANCIAL SUMMARY & KEY RA
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28 WHAT THE NUMBERS SAY Key Ratios
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30 WEALTH CREATION Total shareholde
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COMPANY PERFORMANCE Your company ha
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were reasonable and prudent so as t
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CORPORATE GOVERNANCE Mr. Mahesh Pat
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CORPORATE GOVERNANCE The committee
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CORPORATE GOVERNANCE ( E) The Compa
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42 CORPORATE GOVERNANCE BSE NSE Dat
Page 44 and 45: CORPORATE GOVERNANCE 44 CERTIFICATE
Page 46 and 47: ANNEXURE TO THE AUDITOR'S REPORT (R
Page 48 and 49: 48 Opto Financial Statement
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Page 52 and 53: OPTO CIRCUITS (INDIA) LIMITED, BANG
Page 56 and 57: 56 SCHEDULE E: Fixed Assets Schedul
Page 58 and 59: NOTES FORMING PART OF ACCOUNTS (CON
Page 60 and 61: NOTES FORMING PART OF ACCOUNTS (CON
Page 64 and 65: ADVANCED MICRONIC DEVICES LIMITED B
Page 70 and 71: ADVANCED MICRONIC DEVICES LIMITED S
Page 72 and 73: MEDIAID INC., USA BALANCE SHEET AS
Page 74 and 75: MEDIAID INC., USA SCHEDULE TO BALAN
Page 80 and 81: ALTRON INDUSTRIES PRIVATE LIMITED B
Page 82 and 83: ALTRON INDUSTRIES PRIVATE LIMITED S
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Page 86 and 87: ALTRON INDUSTRIES (PRIVATE) LIMITED
Page 88 and 89: REPORT OF THE AUDITORS TO THE BOARD
Page 90 and 91: 90 OPTO CIRCUITS (INDIA) LIMITED, B
Page 98 and 99: NOTES TO THE CONSOLIDATED BALANCE S
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Board of Directors - Opto Circuits

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