INDIAN RAYON AND INDUSTRIES LIMITED - Aditya Birla Nuvo, Ltd

SCHEDULE-1 As at 31st As at 31stSHARE CAPITAL March, 2001 March, 2000Numbers (RUPEES) (RUPEES)Authorised:Equity Shares of Rs.10 each 290,000 2,900,000 2,900,000Redeemable PreferenceShares of Rs. 100 each 1000 100,000 100,0003,000,000 3,000,000Issued, Subscribed and Paid-up:Equity Shares of Rs.10 eachFully paid up 290,000 2,900,000 2,900,0002,900,000 2,900,000NOTE:1. Out of subscribed and paid-up capital of the Company 2,50,000 Equity Shares are held by theHolding Company, Laxminarayan Investment Ltd. and 40,000 Equity Shares are held by IndianRayon and Industries Ltd., the ultimate Holding Company.SCHEDULE-6SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS FOR THE YEARENDED 31ST MARCH, 2001.(A) SIGNIFICANT ACCOUNTING POLICIES(1) The financial statement are prepared under the historical cost convention on an accrualbasis and in accordance with the applicable accounting standards.(2) Long term Investments were stated at cost after deducting provision, if any, made forpermanent dimunition in the value. Current Investments are stated at lower of cost andmarket/fair value.(B) NOTES ON ACCOUNTS(1) There is no additional information pursuant to para 3, 4C, 4D, of part II of Schedule VI ofthe Companies Act, 1956.(2) Additional information under part IV schedule VI of the Companies Act,1956 is as perAnnexure I(3) “Special Reserve” has been created in terms of Section 45-IC of Reserve Bank of India Act,1934.(4) Figures of previous year have been regrouped\rearranged wherever necessary.SCHEDULE-3 As at As atINVESTMENTS 31st Mar, 2001 31st Mar, 2000LONG TERM INVESTMENTS (RUPEES) (RUPEES)Fully paid-up (UNQUOTED)2,40,000 Equity Shares of Crafted Clothing Pvt. Ltd. 2,400,000 —of Rs.10/- EachCURRENT INVESTMENTS1,92,654.148 units of Birla Income Plus (Plan B) ofBirla Mutual Fund of Rs.10/- Each. 3,461,677 —5,861,677 —SCHEDULE-4CASH & BANK BALANCESCash in hand 82 82Balance with Schedule BanksIn Current Account 8,468 4,2078,550 4,289123SCHEDULE-2 BALANCE ADDITIONS BALANCEAS AT DURING AS AT31st Mar.,2000 THE YEAR 31st Mar.,2001RESERVES & SURPLUS (RUPEES) (RUPEES) (RUPEES)SPECIAL RESERVE 98,000 26,000 124,000CAPITAL REDEMPTION RESERVE 100,000 — 100,000SURPLUS AS PER P & L A/C 241,423 98,356 339,779439,423 124,356 563,779As per our Report attachedFor KHIMJI KUNVERJI & CO.Chartered Accountants(SHIVJI K VIKAMSEY)PartnerMumbai, 20th April, 2001ADESH GUPTAMANOJ KEDIADirectorsANNEXURE IINFORMATION PURSUANT TO THE PROVISION OF PART IV OF SCHEDULE VI OF THECOMPANIES ACT, 1956Balance Sheet Abstract and Company’s General Business Profile :I. REGISTRATION DETAILSRegistration No.: 04-22691 of 1994-95 State Code : 04Balance Sheet Date : 31st March, 2001II. CAPITAL RAISED DURING THE YEAR (Amount in Rs. Thousands)Public Issue: NILRight Issue : NILBonus Issue : NILPrivate Placement : NILIII. POSITION OF MOBILISATION AND DEPLOYMENT OF FUNDS (Amount in Rs. Thousands)Total Liabilities : 3463.78 Total Assets : 3463.78Sources of FundsPaid-up Capital : 2900.00 Reserves & Surplus : 563.78Secured Loans : NILUnsecured Loans : NILApplication of FundsNet Fixed Assets : NIL Investments : 5861.68Net Current Assets : (2397.90) Misc. Expenditure : NILAccumulated Losses : NILIV. PERFORMANCE OF THE COMPANY (Amount in Rs. Thousands)Turnover/Gross Income : 514.68 Total Expenditure : 375.45Profit/(Loss) Before Tax : 139.23 Profit/(Loss) After Tax : 124.36Earning per share (in Rs.) : 0.43 Dividend rate % : NILV. GENERIC NAMES OF THREE PRINCIPAL PRODUCTS/SERVICES OF COMPANY (as permonetary terms)Item Code No. (ITC Code ) : N.A.Product Description : Investment and Finance ActivitiesAs per our Audit attachedFor KHIMJI KUNVERJI & CO.Chartered Accountants(SHIVJI K VIKAMSEY)PartnerMumbai, 20th April,2001ADESH GUPTAMANOJ KEDIADirectors