Balance Sheet / P&L Account for the year 2010
   
   
   
   
   
   
   
   
   
   
   
   
   
   

 

 

 

 

 

 

 
FCI OEN CONNECTORS LTD.
 

BALANCE SHEET AS AT DECEMBER 31, 2010
 

Schedule

As at December 31, 2010

As at December 31, 2009

Rs.

Rs.

Rs.

Rs.

I.

SOURCE  OF  FUNDS FROM P & L ACCOUNT

 

Shareholders’ Funds :

Share  Capital

1

63,069,140

-

62,991,520

Reserves  and  Surplus

2

1,984,175,352

2,047,244,492

2,147,871,589

2,210,863,109

 

 

 

Loan Funds :  

Secured Loans 3 20,380,724

Unsecured   Loans

4

212,998,270

233,378,994

2,270,000

2,270,000

Deferred  Tax  Liability

 

25,750,383

  

17,900,383

(Note 22 on Schedule 21

 

TOTAL

2,306,373,869

2,231,033,492
 

 

II.

 APPLICATION OF FUNDS

 

Fixed  Assets  :

Gross  Block

5

2,929,504,396

1,801,243,640

Less:  Depreciation

1,605,579,203

935,990,318

Net  Block

1,323,925,193

865,253,322

Capital   Work-in-Progress

14,954,562

1,338,879,755

9,457,462

874,710,784

Investments

6

130,558,920

361,810,978

Current  Assets,  Loans  and  Advances  :

 

Inventories

 7

408,090,726

215,034,937

  

Sundry  Debtors

 8

810,391,668

591,272,693

Cash  and  Bank  Balances

 9

169,714,724

  

201,418,865

Other  Current  Assets

 10

91,836,722

87,645,128

Loans  and  Advances

 11

374,129,978

466,445,666

 

1,854,163,818

1,561,817,289

  

Less:  Current  Liabilities  and  Provisions:

 

 

Liabilities

 12

761,225,352

530,809,394

Provisions

256,003,272

36,496,165-

 

   

 

1,017,228,624

836,935,194

567,305,559

  

Net  Current  Assets

994,511,730

TOTAL

2,306,373,869

2,231,033,492

 

 

Significant Accounting Policies

 20

Notes on Accounts

 21

 
The Schedules referred to above form an integral part of these accounts. This is the Balance Sheet referred to in our Report of even dat
FOR PRICE WATERHOUSE
Firm Registration Number:007568S
Chartered Accountant		 S. N. Talwar
Chairman 		G. Rajamani
DGM - Finance
J Seka
Partner
Membership Number : F23800		 P. George Varghese
Vice Chairman & Managing Director		 Biju K. Elias
Company Secretary
April 13, 2011
 

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED DECEMBER 31, 2010
 

Schedule

Year ended December 31, 2010

Year ended December 31, 2009

Rs.

Rs.

Rs.

Rs.

I.

SOURCE  OF  FUNDS

 

INCOME

Sales

   3,758,125,334   2,588,288,178  

Less: Excise Duty

   70,076,592 3,688,048,742 65,467,935 2,522,820,243

Other Income 13   345,643,897   262,606,586
       

4,033,692,639

 2,785,426,829

EXPENDITURE          

Materials

 14   2,638,686,329   1,689,503,926
  Employee Cost 15   331,417,209   186,630,032
  Manufacturing Expenses 16   176,217,817   89,269,522
  Selling, Administration and other Expenses 17   466,304,619   289,716,548
  Interest on Fixed deposits 18   27,399,068   3,801,486
  Depreciatio 19   286,227,211   147,550,517
        3,926,252,253 2,406,472,031
  Profit before tax     107,440,386 378,954,798
  Provision for Tax          
  Current Tax   50,700,000   127,000,000  
  Deferred Tax   7,850,000   (7,020,000)  
  Fringe Benefit Tax       570,000  
        58,550,000   120,550,000
  Profit after Tax     48,890,386   258,404,798
  Balance brought forward     1,463,002,945   1,204,598,147
  Profit for the year 2009 relating to merged divisions (Also refer Note 1 on Schedule 21)     4,182,473    
  Profit available for appropriation     1,516,075,804   1,463,002,945
  Approprations          
  Proposed final dividend     189,157,170    
  Tax on dividend     30,686,022    
  General Reserve     4,890,000    
  Balance Carried to Balance Sheet     1,291,342,612   1,463,002,945
        1,516,075,804   1,463,002,945
  Earnings Per Share of Rs. 10/- each (Rs.)     7.76   41.03
  Basic and Diluted          
  Significant Accounting Policies 20        
  Notes on Accounts 21        

The Schedules referred to above form an integral part of these accounts. This is the Profit and Loss Account referred to in our Report of even date.
FOR PRICE WATERHOUS
Firm Registration Number:007568
Chartered Accountant		 S. N. Talwar
Chairman 		G. Rajamani
DGM - Finance
J Seka
Partner
Membership Number : F2380		 P. George Varghese
Vice Chairman & Managing Director		 Biju K. Elias
Company Secretary
April 13, 201    

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED DECEMBER 31, 2009
 

Schedule

Year ended December 31, 2009

Year ended December 31, 2008

Rs.

Rs.

Rs.

Rs.

I.

SOURCE  OF  FUNDS

 

INCOME

Sales

   2,588,288,178   2,397,188,846  

Less: Excise Duty

   65,467,935 2,522,820,243 87,509,431 2,309,679,415

Other Income 12   262,606,586   299,361,697
        2,785,426,829 2,609,041,112

EXPENDITURE          

Materials

 13   1,689,503,926   1,630,993,172  
  Employee Cost 14   186,630,032   159,988,005
  Manufacturing Expenses 15   89,269,522   108,379,075
  Selling, Administration and other Expenses 16   293,274,248   227,052,370
  Depreciation     147,550,517   122,448,485
  Interest on Fixed deposits     243,786   582,459
        2,406,472,031 2,249,443,566
  Profit before tax     378,954,798 359,597,546
  Provision for Tax          
  Current Tax   127,000,000   120,600,000  
  Deferred Tax   (7,020,000)   (5,480,000)  
  Fringe Benefit Tax   570,00   1,710,000  
        120,550,000   116,830,000
  Profit after Tax     258,404,798   242,767,546
  Balance brought forward     1,204,598,147   961,830,601
        1,463,002,945   1,204,598,147
  Earnings Per Share Rs.10/- each (Rs.)     41.03   38.55
  Significant Accounting Policies 17      
  Notes on Accounts 18        

The Schedules referred to above form an integral part of these accounts. This is the Profit and Loss Account referred to in our Report of even date.
  S. N. Talwar
Chairman 		G. Rajamani
DGM - Finance
A.J. Shaikh
Partner
(Membership Number 203637) 		P. George Varghese
Managing Director 		Biju K. Elias
Company Secretary
For and on Behalf of
Lovelock & Lewes
Chartered Accountants 		   
Chennai,
March 12, 2010 		Cochin
March 12, 2010 		 

BALANCE SHEET AS AT DECEMBER 31, 2009
 

Schedule

As at December 31, 2009

As at December 31, 2008

Rs.

Rs.

Rs.

Rs.

I.

SOURCE  OF  FUNDS

 

Shareholders’ Funds :

Share  Capital

1

62,991,520

-

62,991,520

Reserves  and  Surplus

2

2,147,871,589

2,210,863,109

1,889,466,791

1,952,458,311

 

 

 

Loan Funds :  

Unsecured   Loans

3

2,270,000

3,372,000

Deferred  Tax  Liability

 

17,900,383

  

24,920,383

(Note  23  on  Schedule  18)

 

TOTAL

2,231,033,492

 

1,980,750,694
   

 

II.

 APPLICATION OF FUNDS

 

 

Fixed  Assets  :

Gross  Block

4

1,801,243,640

1,534,661,675

Less:  Depreciation

935,990,318

814,460,448

Net  Block

865,253,322

720,201,227

Capital   Work-in-Progress

9,457,462

874,710,784

25,258,931

745,460,158

Investments

5

361,810,978

222,575,918

Current  Assets,  Loans  and  Advances  :

 

Inventories

6

215,034,937

241,847,444

  

Sundry  Debtors

7

591,272,693

534,095,616

Cash  and  Bank  Balances

8

201,418,865

  

190,808,015

Other  Current  Assets

9

87,645,128

131,277,077

Loans  and  Advances

10

466,445,666

450,653,115

 

1,561,817,289

1,548,681,267

  

Less:  Current  Liabilities  and  Provisions:

 

 

Liabilities

11

530,809,394

535,966,649

Provisions

36,496,165

-

 

   

 

567,  305,559

535,966,649

  

Net  Current  Assets

994,511,730

1012,714,618

TOTAL

2,231,033,492

1,980,750,694

Significant Accounting Policies

17

    

 

 

Notes on Accounts

18

 
The Schedules referred to above form an integral part of these accounts. This is the Balance Sheet referred to in our Report of even date.
  S. N. Talwar
Chairman 		G. Rajamani
DGM - Finance
A.J. Shaikh
Partner
(Membership Number 203637) 		P. George Varghese
Managing Director 		Biju K. Elias
Company Secretary
For and on Behalf of
Lovelock & Lewes
Chartered Accountants 		   
Chennai,
March 12, 2010 		Cochin
March 12, 2010 		 
 

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED DECEMBER 31, 2009
 

Schedule

Year ended December 31, 2009

Year ended December 31, 2008

Rs.

Rs.

Rs.

Rs.

I.

SOURCE  OF  FUNDS

 

INCOME

Sales

   2,588,288,178   2,397,188,846  

Less: Excise Duty

   65,467,935 2,522,820,243 87,509,431 2,309,679,415

Other Income 12   262,606,586   299,361,697
        2,785,426,829 2,609,041,112

EXPENDITURE          

Materials

 13   1,689,503,926   1,630,993,172  
  Employee Cost 14   186,630,032   159,988,005
  Manufacturing Expenses 15   89,269,522   108,379,075
  Selling, Administration and other Expenses 16   293,274,248   227,052,370
  Depreciation     147,550,517   122,448,485
  Interest on Fixed deposits     243,786   582,459
        2,406,472,031 2,249,443,566
  Profit before tax     378,954,798 359,597,546
  Provision for Tax          
  Current Tax   127,000,000   120,600,000  
  Deferred Tax   (7,020,000)   (5,480,000)  
  Fringe Benefit Tax   570,00   1,710,000  
        120,550,000   116,830,000
  Profit after Tax     258,404,798   242,767,546
  Balance brought forward     1,204,598,147   961,830,601
        1,463,002,945   1,204,598,147
  Earnings Per Share Rs.10/- each (Rs.)     41.03   38.55
  Significant Accounting Policies 17      
  Notes on Accounts 18        

The Schedules referred to above form an integral part of these accounts. This is the Profit and Loss Account referred to in our Report of even date.
  S. N. Talwar
Chairman 		G. Rajamani
DGM - Finance
A.J. Shaikh
Partner
(Membership Number 203637) 		P. George Varghese
Managing Director 		Biju K. Elias
Company Secretary
For and on Behalf of
Lovelock & Lewes
Chartered Accountants 		   
Chennai,
March 12, 2010 		Cochin
March 12, 2010