Year Ended March 31, 2008 - Lumax Auto Technologies Ltd.
Year Ended March 31, 2008 - Lumax Auto Technologies Ltd.
Year Ended March 31, 2008 - Lumax Auto Technologies Ltd.
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>Lumax</strong> <strong>Auto</strong> <strong>Technologies</strong> <strong>Ltd</strong>.(*) Computation of Net Profit in accordance with Section 309 (5) of the Companies Act, 1956 for calculation of Commission to ManagingDirector :-Particulars 2007-08Net Profit as per Profit & Loss Account (4,35,02,428before taxation)Add:- Managerial Remuneration 19,75,966Depreciation 2,09,96,918Total 6,64,75,<strong>31</strong>2Less:- Depreciation as per section 350 of the2,09,96,918Companies Act , 1956Profit on Sale of Fixed Assets 1,59,300Net Profit for Calculation of Commission 4,53,19,094Commission @ 2% of Net Profit 9,06,382Managerial Commission Provided in Profit &9,00,000Loss Account19. Related Party Disclosures:The information about transactions with the related parties is attached herewith - As per Annexure “C”.20. Earnings Per Share:Particulars <strong>Year</strong> ended<strong>31</strong>.03.<strong>2008</strong>(Amount in Rs.)2006-074,35,56,40914,67,3851,52,20,7446,02,44,5381,52,20,74435,0424,49,88,7528,99,7758,95,000<strong>Year</strong> ended<strong>31</strong>.03.2007Profit After Tax as per Profit & Loss Account (Rs.) 2, 76, 92,216 2,74,84,949No. of Equity Shares(Face Value Rs.10/- each)For Basic Earnings per Share 1,16,<strong>31</strong>,541For Diluted Earnings Per Share 1,16,<strong>31</strong>,541Earnings Per Share:- (Rs.)Basic 2.38Diluted 2.3821. Earning / Outgo In Foreign Currency:ParticularsPayment in Foreign CurrencyTravelling – ForeignCommission to AgentsTotalEarning in Foreign Currency22. The total expenditure incurred on Research and Development:<strong>Year</strong> ended<strong>31</strong>.03.<strong>2008</strong>1,68,98511,3271,80,<strong>31</strong>22,43,81,483<strong>Year</strong> ended<strong>31</strong>.03.<strong>2008</strong>(Amount in Rs.)88,91,98692,94,775Nature of ExpensesExpenditure charged to profit and loss account 413,102 -Expenditure capitalised during the year 39,28,073 33,73,32923. Previous year's figures have been regrouped or rearranged wherever necessary to make them comparable with the currentyear's figures3.092.96<strong>Year</strong> ended<strong>31</strong>.03.2007----<strong>Year</strong> ended<strong>31</strong>.03.2007As per our report of even dateFor D. R. Barve & CompanyChartered AccountantsFor and on behalf of the Board of Directors of <strong>Lumax</strong> <strong>Auto</strong> <strong>Technologies</strong> <strong>Ltd</strong>.CA D. R. BarveProprietorM. No. 17661Place : GurgaonDate : June 28, <strong>2008</strong>D. K. JainChairmanAshish DubeyHead FinanceUsha JainManaging DirectorMilita BharCompany Secretary37