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73
Annual Report 2011-12
72 Kajaria Ceramics Limited
Notes on Accounts
For the year ended 31st March 2012
(
`
in million)
31.03.2012
31.03.2011
Other Manufacturing Expenses
Stores and Spares Consumed
268.71
147.31
Power and Fuel
1,937.81
926.61
Finished Goods used for Fixed Assets
–
(1.40)
Excise Duty on Stocks
35.17
(21.74)
2,241.69
1,050.78
Repairs & maintenance
- Building
18.41
10.14
- Machinery
33.10
21.79
- Others
23.22
22.91
74.73
54.84
Administrative Expenses
Printing, Stationery & EDP Expenses
9.36
7.58
Rent, Rates & Taxes
102.44
93.23
Vehicle Expenses
18.18
14.44
Communication Expenses
37.55
37.04
Traveling & Conveyance Expenses
145.22
113.78
Insurance Charges
12.82
10.80
Legal & Professional Charges
14.50
9.22
Directors Sitting Fees
0.80
0.92
Auditors' Remuneration :
- As Audit Fees
1.20
1.00
- For Tax Audit, Certification & Tax Representations
0.69
1.14
- For Other matters
0.80
0.73
Miscellaneous Expenses
41.50
32.24
Share Transfer Expenses
0.18
0.18
Electricity & Water Charges
15.28
13.46
Foreign Technician Expenses
3.66
0.15
Bank Charges
1.37
1.54
405.55
337.45
Selling & Distribution Expenses
Packing, Freight & Forwarding Expenses
142.02
113.92
Advertisement, Publicity & Sales Promotion
217.79
163.11
Commission
128.25
152.80
488.06
429.83
Others
Loss on Sale / Scrapping of Fixed Assets
14.63
15.97
Social Relief & Welfare Expenses
0.32
3.58
Bad Debts Written Off
5.50
–
Provision for doubtful debts
0.80
–
Research & Development Expenses
29.75
0.43
51.00
19.98
3,261.03
1,892.88
NOTE
27
OTHER EXPENSES
Notes on Accounts
OTHER NOTES ON ACCOUNTS
(
`
in million)
As at
As at
31.03.2012
31.03.2011
(excluding matters separately dealt with in other notes):
a.
In respect of Bills discounted with the Company’s Bankers
21.13
34.23
b.
Counter guarantees issued in respect of guarantees issued by
company’s bankers
0.50
8.76
c.
Guarantees issued on behalf of limited companies
90.00
50.00
d.
In respect of Excise Duty, Sales Tax, Service Tax, Custom Duty
Demands pending before various authorities and in dispute
64.48
60.12
e.
In respect of disputed Electricity Demand pending with Appellate
Authorities and other consumer cases.
16.67
4.68
29. Commitments
As at
As at
31.03.2012
31.03.2011
a.
Estimated amount of contracts remaining to be executed on
Capital Account and not provided for (Net of advances)
10.18
3.96
b.
Letters of Credit opened in favour of inland/overseas suppliers (Net)
1,303.13
1,623.52
30. Particulars of Sales & Stocks
Year ended
Year ended
31.03.2012
31.03.2011
a) Opening Stock
Tiles
989.98
1,036.20
b) Purchases
Tiles
4,117.75
3,803.95
c) Sales
Tiles (Manufactured)
8,766.56
5,430.37
Tiles (Trading)
5,221.80
4,603.10
Power
14.87
12.25
d) Closing Stock
Tiles
1,129.25
989.98
31. Value of Imports on CIF basis:
Year ended
Year ended
31.03.2012
31.03.2011
Capital Goods
93.32
572.83
Raw Materials
177.88
105.87
Spares and Consumables
175.45
95.20
Traded Goods
2,119.62
2,176.18
32. Foreign Currency
Year ended
Year ended
31.03.2012
31.03.2011
A) Expenditure in Foreign Currency (on accrual basis) :
a) Interest on FC Loan
–
17.07
b) Commission of Export Sales
0.18
0.79
c) Others including travel etc.
25.84
22.29
B) Payment of Dividend in Foreign Currency pertaining to :
a) No of persons
15
15
b) No of shares
31,830
31,830
c) Amount in (
`
)
63,660
31,830
28. Contingent Liabilities