FCI OEN CONNECTORS LIMITED
Registered Office: XXIX/2089, Tripunithura Road, Thykoodam, Cochin 682 019, Kerala
BALANCE SHEET AS AT DECEMBER 31, 2006 |
| |
Schedule
No. |
As At
31-12-2006
Rs. |
As At
31-12-2005
Rs. |
| I. SOURCES OF FUNDS |
|
|
|
| SHAREHOLDERS' FUNDS : |
|
|
|
| (a) Share Capital |
1 |
62,991,520 |
62,991,520 |
| (b) Reserves and surplus |
2 |
1,283,140,957 |
1,107,462,495 |
| |
|
1,346,132,477 |
1,170,454,015 |
| |
|
|
|
| LOAN FUNDS : |
|
|
|
| Unsecured loans |
3 |
17,407,000 |
18,954,000 |
| |
|
17,407,000 |
18,954,000 |
| |
|
|
|
| DEFERRED TAX LIABILITY, NET |
4 |
35,550,383 |
45,600,383 |
| |
|
1,399,089,860 |
1,235,008,398 |
| |
|
|
|
| II. APPLICATION OF FUNDS |
|
|
|
| FIXED ASSETS : |
5 |
|
|
| (a) Gross block |
|
1,093,186,710 |
1,040,804,191 |
| (b) Less: Depreciation |
|
(608,390,968) |
(525,744,915) |
| (c) Net block |
|
484,795,742 |
515,059,276 |
| (d) Capital work-in-progress |
|
212,882,654 |
11,704,321 |
| |
|
697,678,396 |
526,763,597 |
| |
|
|
|
| INVESTMENTS |
6 |
248,995,057 |
261,260,786 |
| LEASE RECEIVABLE, LONG TERM |
|
5,892,920 |
11,215,870 |
| CURRENT ASSETS, LOANS AND ADVANCES : |
|
|
|
| (a) Inventories |
7 |
249,001,642 |
196,031,058 |
| (b) Sundry debtors |
8 |
383,308,613 |
302,201,760 |
| (c) Cash & bank balances |
9 |
91,148,696 |
94,850,836 |
| (d) Other current assets |
10 |
3,979,058 |
3,987,591 |
| (e) Loans and advances |
11 |
548,983,897 |
403,281,451 |
| |
|
1,276,421,906 |
1,000,352,696 |
| |
|
|
|
| LESS : |
|
|
|
| CURRENT LIABILITIES AND PROVISIONS : |
|
|
|
| (a) Liabilities |
12 (a) |
375,140,248 |
227,585,780 |
| (b) Provisions |
12 (b) |
454,758,171 |
336,998,771 |
| |
|
829,898,419 |
564,584,551 |
| |
|
|
|
| NET CURRENT ASSETS |
|
446,523,487 |
435,768,145 |
| |
|
1,399,089,860 |
1,235,008,398 |
| |
|
|
|
| SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS |
15 |
|
|
| |
|
|
|
| Schedules 1 to 12 and 15 annexed hereto form part of the Balance Sheet |
|
|
|
| |
|
|
|
| As per our report attached |
|
|
|
| For Deloitte Haskins & Sells |
|
P. George Varghese |
M. V. Pylee |
| Chartered Accountants |
|
Managing Director |
Vice Chairman |
| |
|
|
|
| M. Ramachandran |
|
Biju K. Elias |
G. Rajamani |
| Partner |
|
Company Secretary |
AGM - Finance |
| |
|
|
|
| |
|
S. N. Talwar
Chairman |
|
| |
|
|
|
Cochin
Date : 22.02.2007 |
|
Cochin |
|
|
| |
FCI OEN CONNECTORS LTD.
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED DECEMBER 31, 2006 |
| |
| |
Schedule
No. |
For the year ended
31-12-2006
Rs. |
For the year ended
31-12-2006 Rs.
Rs. |
| INCOME : |
|
|
|
| Turnover : |
|
|
|
| Export sales |
|
1,057,413,137 |
828,227,445 |
| Local sales |
|
854,743,786 |
640,852,739 |
| Less: Excise duty |
|
(82,160,650) |
(59,877,523) |
| Net sales |
|
1,829,996,273 |
1,409,202,661 |
| Other income |
13 |
122,181,141 |
96,517,420 |
| |
|
1,952,177,414 |
1,505,720,081 |
| |
|
|
|
| EXPENDITURE : |
|
|
|
| Manufacturing and other expenditure |
14 |
(1,544,854,166) |
(1,155,494,979) |
| Depreciation |
5 |
(99,470,641) |
(88,233,540) |
| Interest |
|
(1,631,993) |
(2,027,687) |
| |
|
(1,645,956,801) |
(1,245,756,206) |
| |
|
|
|
| Profit before tax |
|
306,220,614 |
259,963,875 |
Current tax |
|
(106,500,000) |
(89,200,000) |
| Income tax relating to earlier years |
|
(8,900,000) |
- |
| Deferred tax |
|
7,800,000 |
6,240,000 |
| Fringe benefit tax |
|
(2,359,581) |
(2,000,000) |
| Profit after tax |
|
196,261,033 |
175,003,875 |
| Add: Profit brought forward from previous year |
|
514,863,851 |
406,016,547 |
| |
|
711,124,884 |
581,020,422 |
| Less: Transfer to general reserve |
|
(50,000,000) |
(50,000,000) |
| Proposed dividend |
|
(14,169,323) |
(14,169,323) |
| Corporate dividend tax |
|
(1,987,248) |
(1,987,248) |
| Profit carried to Schedule 2 |
|
644,968,313 |
514,863,851 |
| |
|
|
|
| Basic and diluted earnings per share (equity shares of face value Rs. 10 each) (Refer Note 24 in Schedule 15) |
|
31.17 |
27.79 |
| |
|
|
|
SIGNIFICANT ACCOUNTING POLICIES
AND NOTES ON ACCOUNTS |
15 |
|
|
| |
|
|
|
| Schedules 13 to 15 annexed hereto form part of the Profit and Loss Account |
|
| As per our report attached |
|
|
|
| For Deloitte Haskins & Sells |
|
P. George Varghese |
M. V. Pylee |
| Chartered Accountants |
|
Managing Director |
Vice Chairman |
| |
|
|
|
| M. Ramachandran |
|
Biju K. Elias |
G. Rajamani |
| Partner |
|
Company Secretary |
AGM - Finance |
| |
|
|
|
| |
|
S. N. Talwar
Chairman |
|
| |
|
|
|
Cochin
Date : 22.02.2007
|
|
Cochin
Date |
|
