Financial Year - GMM Pfaudler Ltd

GMM PFAUDLER LIMITEDAnnual Report 2010 - 20119. DEFERRED TAX LIABILITYThe break up of deferred tax liability arising due to the tax effect of timing differences between taxable income and accountingincome, is as under :(` in ‘000’)32As at As at31.03.11 31.03.10Deferred Tax LiabilityDepreciation 41,970 45,468Lease assets 53 10242,023 45,570Deferred tax assetsTechnical know how fees 108 148Provision for doubtful debts / advances 5,061 12,000Provision for diminution in value of investments 299 1505,468 12,298Net deferred tax liability 36,555 33,27210. CONTINGENT LIABILITIES(` in ‘000’)As at As at31.03.11 31.03.10a) Claim against the Company not acknowdgeld as debtsi) Dispute relating to Cenvat 4,170 3,913ii) Dispute relating to tax demand 488 19,666b) Gurantee issued by bank 188,868 135,94211. CAPITAL COMMITMENTSEstimated value of contracts remaining to be executed on capital account, to the extent not provided ` 31,390 thousand (previousyear ` 12,467 thousand)12. Turnover includes sales commission ` Nil (previous year ` Nil)13. LICENSED AND INSTALLED CAPACITIES AND PRODUCTION1. Enameled acid alkali resistant chemical equipment consisting ofa. Autoclaves suitable for 3.5 atmosphere working pressurehaving capacity up to 10,000 litres.b. Distilling plant varying in capacity from 100/1,000 to 5,000/10,000 litresc. Evaporating pans varying in capacity from 100 litres to 20,000litres, crystallizing pressure filters, valves and condensers.2. Mild Steel equipment such as reaction vessels, storage tanks,fractionation towers, driers, heat exchangers, condensers,ducting blenders and pressure vessels3. Stainless steel equipment such as reaction vessels, storagetanks, evaporating pans, absorption towers, fractionationtowers, driers, heat exchangers, condensers, ductingblenders and pressure vessels.4. Fusion seamed products and Isostatic moulded productsconsist ofa. Carbon Steel PTFE pipeb. Dip pipe and sparger}}UnitInstalled Capacityper annumProductionAs at As at Year Ended Year Ended31.03.11 31.03.10 31.03.11 31.03.10Liters(in’000) 6,000 6,000 4,225 3,397MT * * 647 417Mtr. 7,500 7,500 – 20Nos. 750 750 24 81Notes:(i) Licensed capacity is not applicable in terms of Government of India’s Notification No. S.O.477 (E) dated 25th July,1991.(ii) Installed capacities have been certified by the management of the Company and not verified by the auditors.(iii) Installed capacities in respect of products not currently manufactured have not been given.(iv) Production quantities in items 2 and 4 include job orders subcontracted to third parties and broad-banding of installedcapacities.(v) The installed capacity of Mild Steel equipments and Stainless steel equipment is not determined and therefore notincluded in the above table.