Annual Report-FY 2011-12 - Timex Group India

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BALANCE SHEETas at 31 March 2012(Rs. in lakhs)Notes Year ended Year ended31 March 2012 31 March 2011Equity and liabilitiesShareholders’ fundsShare capital 3 5,120 5,120Reserves and surplus 4 2,123 1,9897,243 7,109Long-term provisions 5 275 255275 255Current liabilitiesShort-term borrowings 6 865 -Trade payables 7 5,990 4,880Other current liabilities 8 1,810 1,544Short-term provisions 5 674 8419,339 7,265TOTAL 16,857 14,629AssetsNon-current assetsFixed assetsTangible assets 9 1,419 1,280Intangible assets 10 17 14Capital work-in-progress - 551,436 1,349Long-term loans and advances 11 392 408Trade receivables 14 324 230Other non-current assets 12 2 -718 638Current assetsInventories 13 4,131 3,366Trade receivables 14 9,928 7,520Cash and bank balances 15 326 1,267Short-term loans and advances 11 318 488Other current assets 12 - 114,703 12,642TOTAL 16,857 14,629Significant accounting policies 2The accompanying notes are an integral part of the financial statementsAs per our report attachedFor and on behalf of the Board of Directors of Timex Group India LimitedFor B S R & Co.Chartered AccountantsFirm Registration No.: 101248WRakesh Dewan Kapil Kapoor V D Wadhwa Shilpa Verma Amit JainPartner Chairman Managing Director Company Secretary Head AccountsMembership No.: 092212Place: Gurgaon Place : Noida Place : Noida Place : Noida Place : NoidaDate: 31 May 2012 Date: 31 May 2012 Date: 31 May 2012 Date: 31 May 2012 Date: 31 May 201230
Statement of Profit and Loss for the year ended 31 March 2012(Rs. in lakhs)Notes Year ended Year ended31 March 2012 31 March 2011IncomeRevenue from operations (gross) 16 18,586 17,568Less: Excise duty 235 252Revenue from operations (net) 18,351 17,316Other income 17 40 75Total revenue 18,391 17,391ExpensesCost of raw materials and components consumed 18 9,896 9,227Purchase of traded goods 19 471 156(Increase)/decrease in inventories of finishedgoods, work in progress and traded goods 20 (630) (72)Employee benefits expense 21 1,887 1,618Finance costs 22 109 -Depreciation and amortisation expense 23 197 169Other expenses 24 5,856 4,535Total expenses 17,786 15,633Profit before tax 605 1,758Tax expenseCurrent tax (Minimum Alternate Tax) 155 357Fringe benefit tax for prior years written back (3) -Profit for the year 453 1,401Basic and diluted earnings per equity sharefully paid up Re.1 each. 28 0.13 1.07Significant accounting policies 2The accompanying notes are an integral part of the financial statementsAs per our report attachedFor B S R & Co.Chartered AccountantsFirm Registration No.: 101248WFor and on behalf of the Board of Directors of Timex Group India LimitedRakesh Dewan Kapil Kapoor V D Wadhwa Shilpa Verma Amit JainPartner Chairman Managing Director Company Secretary Head AccountsMembership No.: 092212Place: Gurgaon Place : Noida Place : Noida Place : Noida Place : NoidaDate: 31 May 2012 Date: 31 May 2012 Date: 31 May 2012 Date: 31 May 2012 Date: 31 May 201231
Page 5 and 6: and / or Agreement in such manner a
Page 9 and 10: working. He put in rigorous systems
Page 11 and 12: investments made by several Indian
Page 13 and 14: has sharpened its bell curve to imp
Page 15 and 16: REPORT ON CORPORATE GOVERNANCEYour
Page 17 and 18: Committee Membership1. Timex Group
Page 19 and 20: Reviewing the adequacy of internal
Page 21 and 22: The Committee was formed specifical
Page 23 and 24: Listing Fees : Listing fees as pres
Page 25 and 26: DEMATERIALISATION OF SHARESDemateri
Page 27 and 28: CERTIFICATETo the Members of Timex
Page 29 and 30: Annexure referred to in para 3 of t
Page 31: * Represents additions made to the
Page 35 and 36: Notes to the financial statements f
Page 37 and 38: immediately in the Statement of Pro
Page 39 and 40: (Rs. in lakhs)Year endedYear ended3
Page 41 and 42: 5. Provisions Long-term Short-termY
Page 43 and 44: As at 31 March 2011(Rs. in lakhs)Gr
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Page 49 and 50: . Other related parties with whom t
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Page 53 and 54: 39. Segment informationThe Company
Page 55 and 56: 53(Rs. in lakhs)Particulars 2011-12
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Annual Report-FY 2011-12 - Timex Group India

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