Annual Report FY 2010-11 - Pipavav Shipyard
Annual Report FY 2010-11 - Pipavav Shipyard
Annual Report FY 2010-11 - Pipavav Shipyard
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<strong>Pipavav</strong> Defence and Offshore<br />
Engineering Company Limited<br />
Balance Sheet as at March 31, 20<strong>11</strong><br />
Particulars<br />
SOURCES OF FUNDS<br />
Share Holders’ Funds<br />
Schedule As at March 31, 20<strong>11</strong><br />
Rs in Lacs<br />
As at March 31, <strong>2010</strong><br />
Share Capital 1 66,579.84 66,579.84<br />
Reserves and Surplus 2 102,501.56 103,650.01<br />
169,081.40 170,229.85<br />
Convertible Share Warrants<br />
(Refer note no. 4 of Schedule 22)<br />
Loan Funds<br />
6,254.96 -<br />
Secured Loans 3 150,969.00 <strong>11</strong>3,107.59<br />
Unsecured Loans 4 51,106.18 19,883.95<br />
202,075.18 132,991.54<br />
Deferred Tax Liability (Net)<br />
(Refer Note No. 18 of Schedule 22)<br />
794.20 -<br />
TOTAL<br />
APPLICATION OF FUNDS<br />
Fixed Assets<br />
378,205.74 303,221.39<br />
Gross Block 5 131,780.40 109,238.82<br />
Less :- Depreciation 9,280.92 4,410.68<br />
Net Block 122,499.48 104,828.14<br />
Capital Work in Progress 147,517.99 138,838.21<br />
270,017.47 243,666.35<br />
Investments<br />
Current Assets, Loans and Advances<br />
6 4,196.52 2,675.69<br />
Inventories 7 24,534.79 13,302.32<br />
Sundry Debtors 8 20,499.33 701.80<br />
Cash and Bank Balances 9 42,562.56 64,009.08<br />
Other Current Assets 10 43,447.18 34,843.50<br />
Loans and Advances <strong>11</strong> 48,312.70 29,716.83<br />
Less :-<br />
179,356.56 142,573.53<br />
Current Liabilities and Provisions 12<br />
Liabilities 66,322.39 75,898.37<br />
Provisions 10,<strong>11</strong>7.39 14,860.38<br />
76,439.78 90,758.75<br />
Net Current Assets 102,916.78 51,814.78<br />
Profit and Loss Account 1,074.97 5,064.57<br />
TOTAL 378,205.74 303,221.39<br />
Significant Accounting Policies 21<br />
Notes to Accounts 22<br />
As per our report of even date<br />
For Chaturvedi and Shah<br />
Chartered Accountants<br />
R Koria<br />
Partner<br />
Nikhil P. Gandhi<br />
Chairman<br />
For and on behalf of the Board of Directors<br />
Bhavesh P. Gandhi<br />
Executive Vice Chairman<br />
Place :- Mumbai<br />
Jigar Shah<br />
Ajit Dabholkar<br />
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Date :- May 28, 20<strong>11</strong><br />
Chief Financial Officer<br />
Company Secretary<br />
52
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