68
Kajaria Ceramics Limited
Annual Report
2012-13
25
YEARSOF
WORKINGWITH
ANATTITUDE
CELEBRATING
3. RESERVES AND SURPLUS
As at
As at
31.03.2013
31.03.2012
`
in million
`
in million
Securities Premium Account
As per last Balance Sheet
142.35
142.35
General Reserve
Balance b/f
860.33
610.33
Add : Transferred During the Year
300.00
250.00
1,160.33
860.33
Capital Redemption Reserve
As per last Balance Sheet
50.00
50.00
Surplus
As per last Balance Sheet
1,619.11
1,275.77
Add : Net Profit after Tax tfrd from Statement of Profit & Loss
1,005.45
807.15
Less : Proposed Dividend on Equity Shares
220.75
183.96
[Dividend per share
`
3 (Previous year
`
2.50)]
Less : Corporate Dividend Tax
35.81
29.84
Less : Transfer to General Reserve
300.00
250.00
2,068.00
1,619.12
3,420.68
2,671.80
A. TERM LOANS
From Banks
- Secured
259.00
700.99
From Other Parties
- Secured
19.71
8.99
278.71
709.98
4. LONG-TERM BORROWINGS
NOTES :
1. Term loans from Banks are secured by 1st charge on immovable and movable assets (present and future) of the Company situated at
Sikandrabad Industrial Area (U P) and Village Gailpur (Rajasthan) (subject to prior charges on movables in favour of banks) ranking pari-
pasu with the charges created in favour of participating Banks and further guaranteed by the Managing Director of the Company.
2. Loan from others parties are secured against respective assets financed.
3. The term loans are repayable generally over a period of three to five years after a moratorium period of one to two years in installments
as per the terms of the respective agreements.
As At 1st April 2012
636.28
601.91
Add : Additional adjustment for current year
2.31
34.37
As at 31st March 2013
638.59
636.28
5. DEFERRED TAX LIABILITY
The net increase during the year in the deferred tax liability
`
2.31 Million (previous year increase 34.37 million) has been debited to the
Statement of Profit & Loss.
Notes on Accounts
