Gsm Cost Audit Report Vareli 10-11 Final

7/31/2019 Gsm Cost Audit Report Vareli 10-11 Final

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Submitted by:

V. SRINIVASAN, FICWA

COST AUDITOR

GARDEN SILK MILLS LTD., SURAT

COST AUDIT REPORT FOR YEAR ENDED MARCH 31, 2011

V A R E L I F A C T O R Y


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GARDEN SILK MILLLS LTD., SURAT

VARELI FACTORY

I N D E X

Sl. No. Particulars Page Nos.

From To

1 Form II - The Cost Audit Report 1 2

2 Annexure to Cost Audit Report 3 47

3 Proforma of Sales, Cost and Margin -

Draw Warping - 48 54

Sizing - 55 62

Grey Fabrics 63 86

Processed Fabrics 87 124

COST AUDIT REPORT FOR YEAR ENDED MARCH 31, 2011


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I, V.SRINIVASAN, having been appointed as Cost Auditor under Section 233B of the Companies

Act, 1956 (1 of 1956) of Garden Silk Mills Ltd, having its registered office at Sahara Gate, SURAT

395 010 (hereinafter referred to as the company), have examined the books of account prescribed

under Clause (d) of sub-section (1) of Section 209 of the said Act, and other relevant records in

respect of Garden Silk Mills Ltd. Factory at VARELI for the year ended 31-3-2011, relating to

POLYESTER, maintained by the Company and report, in addition to my comments in para 3 relating

to auditor's observations and suggestions, that

1 (i) I have obtained all the information and explanations, which, to the best of my knowledge and

belief, were necessary for the purpose of this audit;

(ii) proper cost accounting records, as prescribed under Clause (d) of sub-section (1) of Section

209 of the Companies Act, 1956, have been kept by the company.

(iii) proper returns adequate for the purpose of my Cost Audit have/have not been received from the

branches not visited by me - NOT APPLICABLE

(iv) the said books and records give the information required by the Companies Act, 1956, in themanner so required;

(v) the cost statements in respect of product or activity under reference as specified in the

Annexures/Proformae of Schedules I, Schedule III of the concerned Cost Accounting Records

(Polyester) Rules duly audited by me are kept in the company.

2. In my opinion, the company's cost accounting records have been properly kept so as to give a

true and fair view of the cost of production, cost of sales and margin of the product under

reference as prescribed under the rules.

3. Based on my examination of the records of the company, subject to aforesaid qualifications, if

any, I give my observations and suggestions on the following:

(a) the adequacy or otherwise of the cost accounting system including inventory valuation invogue in the company and suggestions for the improvement thereof. The Cost auditor shall

also indicate the persistent deficiencies in the system pointed out in earlier reports but not

rectified;

The Cost accounting system in vogue in the Company, including inventory valuation basis,

is adequate to properly compute the cost of production and profitability of the product

under reference. There are no persistent deficiencies in the system pointed out in earlier

reports but not rectified.

(b) the adequacy or otherwise of the budgetary control system, if any, in vogue in the

company:

The Company's budgetary control system is adequate.

matters which appear to him to be clearly wrong in principle or apparently unjustifiable;

NIL

(d) cases, where price charged for related party transactions as defined in the respective Cost

Accounting Records Rules is different from normal price, impact of such lower/higher price on

margin of the product under reference shall be specified;

Normal Price is charged

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COST AUDIT REPORT


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(e) areas where the company is incurring losses or where there is considerable decline in

profitability, the cost auditor should comment on the reasons thereof including indicative

break-even point. The cost auditor shall also comment on the default, if any, on the payments

due to the Government, financial institutions and banks, penal interest levied thereon and its

impact on the cost of sales and profitability;

There are no defaults on payments due to Government, financial institutions and banks and

there is no penal interest levied thereon.

(f) steps required to strengthen the company under the competitive environment especially with

regard to need for protection from cheaper imports, if any;

NIL

(g) export commitments of the company vis--vis actual exports for the year under review. Also,

comment on comparative profitability and pricing policy of the company for domestic and

export sales. Give impact of export benefits/incentives offered by the Government on export

profitability;

There is no export commitment outstanding.

(h) the scope and performance of internal audit of cost records, if any, and comment on the

adequacy or otherwise.

The company does not have a system of internal audit of cost records.

4. The Cost Auditor shall suggest measures for making further improvements in the performance

in respect of cost control and cost reduction.

NIL

5. The Cost Auditor may also give his other observations and suggestions, if any, relevant to the

cost audit.

The figures for 2008-09 are for 9 months, whereas those for 2009-10 and 2010-11 are for

12 months. Therefore, absolute quantities and amounts for 2008-09 are not directly compar-

able with the subsequent two years.

In respect of Draw Warping activity, profit decreased slightly to Rs.2718.92 lakhs, compared to

Rs.2867.80 lakhs in 2009-10, mainly due to decreased sale of 122.33 lakhs kgs in 2010-11, against

144 lakhs kg in 2009-10.

In Sizing activity, there was increased profit of Rs.207.41 lakhs in 2010-11 against Rs.94.46 lakhs in

2009-10 Sales increased to 12.39 lakhs kg, this year against 10.70 lakhs kg, in the previous year.

The selling price increased by Rs.11.07 per kg in 2010-11, whereas cost of sales increased by only

Rs 3.15 resulting in increased profit of Rs.7.92 per kg.

In the activity of Grey fabrics, the profit decreased to Rs.662 lakhs in 2010-11, compared to

Rs.781 lakhs in 2009-10.

The sale realisation increased by Rs.0.71 per metre in 2010-11, compared to the previous year,

whereas the cost of sales increased more than proportionately by Rs1.43 per metre, resulting

in decreased profit of Rs.0.72 per metre in the year 2010-11.

Profit on Finished fabrics increased to Rs.1297.30 lakhs in 2010-11, against profit of

Rs.1075.59 lakhs in 2009-10. The increased profitability was due to increase in sale volume to158.41 lakhs metres in the current year, compared to 133.10 lakhs metres in the previous year.

Dated this thirtieth day of July 2011 at Surat.

SD

V. SRINIVASAN

SIGNATURE & SEAL OF THE COST AUDITOR

MEMBERSHIP NUMBER: 966

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FORM II - THE COST AUDIT REPORT

1. GENERAL

(1)(a) Name and address of the registered office GARDEN SILK MILLS LTD.

of the company whose accounts are Sahara Gate,

audited SURAT 395010

(b) Name and address of the place where the cost Registered office

accounting records are maintained, viz. Registered

office, head office or factory

(2) Name of the product and location of the unit to Polyester yarn & fabrics

which the Annexure pertains Vareli, Tal. Palsana, Dt. Surat

(3) The Company's financial year to which the Cost Year ended 31-3-2011

Audit Report relates

(4) Date of first commencement of commercial produc- 1979

tion of the product under reference

(5) Location of other sites manufacturing or producing Polyester products at factory at Jolva,

or processing or mining the product or carrying out Tal. Palsana, Dt. Surat

the activity under reference

(6) Name and address of the Cost Auditor. V. SRINIVASAN,

504, Aashray Apartments,

Lunsikui, NAVSARI 396 445

(7) Membership number of the Cost Accountant. In M/966

case of firm of Cost Accountants, name and mem- Individual

bership number of all the partners

(8) Reference number and date of the Govt. order No. 52/90/CAB-93 dated 11-1-1995

under which the audit is conducted

(9) Reference number and date of Govt. letter No. 52/90/CAB-1993 dated 16-06-2010

approving the appointment of the Cost Auditor

(10) Date of Board of Directors' meeting wherein the 10/08/2011

Annexure and Proforma to the Cost Audit Report

were approved

(11) The number of Audit Committee meetings held Five

by the Company and attended by the Cost Attended by Cost Auditor: TwoAuditor during the year under reference

(12) Name, qualification and designation of the officer Malcolm R. Mehta,

heading the cost accounting section or depart- B.Com

ment of the Company Costing Officer

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(13) In case of loan licence/job work arrangement by

the Company, mention the name of the third NIL

party and location of the factory, where the

product has been produced/manufactured

(14) If there is any foreign technical collaboration for No foreign collaboration

the product under reference, the following details

shall be given:

(a) Name and address of the foreign collaboration

(b) Main terms of agreement

amount of royalty, lump sum payment, technical aid

fee payable and the basis of calculating the same

(d) whether the technical collaborator has contributed

to the share capital. If so, the paid up share

capital so held

(15) If the company is engaged in other activities

besides the manufacture of the product under

reference, the following details in respect of eachsuch product or activity shall be given:

(a) list of the products or activities NIL

(b) list of the products or activities for which Cost

Accounting Records Rules have been prescribed NIL

under Section 209(1)(d) of the Act

whether Cost Audit Order has been issued by the Not applicable

government in respect of any of the products or

activities. If so, the number and date of the order

(16) A printed copy of the Annual Report, containing Enclosed

audited Profit and Loss Account and BalanceSheet and Auditor's Report in respect of the com-

pany's financial year for which the report is

is rendered, shall be enclosed with the Cost Audit

Report.

2. COST ACCOUNTING SYSTEM

(1) Briefly describe the Cost Accounting system existing in the Company,

keeping in view the requirements of the Cost Accounting Records Rules applicable to the

class of companies manufacturing the product under reference and also its adequacy or otherwise

to determine correctly the cost of production, cost of sales, sales realisation and

margin of the product under reference

The main raw materials are POY(Partially Oriented Yarn) and Crimped / Texturised Yarn,

which are purchased. Records of opening stock, receipts, issues and closing stock aremaintained. From these records the consumption of raw materials for the period's production

is arrived at. Incidence of waste and its realisation are worked out and taken into account.

Consumption of direct materials such as sizing chemicals,

and packing materials for different products like crimped yarn,

sized yarn, indigenous sale of fabrics, export sales of fabrics are accounted separately and

charged to the respective products. Direct charges like processing job charges for Dyeing and

Printing of fabrics are directly charged to the respective products.

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The conversion cost, consisting of the elements of wages and salaries, stores, repairs and

maintenance, factory expenses, etc. are accounted cost centrewise.

The consumption of utilities of water, power and coal is allocated to the different cost centres,

based on meter readings.

The common portions of wages and salaries, stores, repairs and maintenance, factory expenses,

utility, etc. are accumulated under Factory overheads.

The final totals of Factory overheads are allocated to the different production cost centres on the basis

of percentage of conversion cost.

Insurance is allocated to the different cost centres, based on insurance schedules.

Depreciation on machinery is allocated to the different cost centres on the basis of Fixed

Assets register. Depreciation on Furnitures and Fixtures and Vehicles are accounted

under Administrative Overheads. Depreciation on Building is allocated to different cost

centres on the basis of insurance values.

The total conversion cost, after apportionment of Factory overheadsin each cost centre is divided by production converted to standard product and the cost per

unit of production is arrived at. For different products, specific cost is worked out by

applying conversion factor to the standardised cost rates.

For each product, raw material cost, conversion cost and direct material cost are assembled

to arrive at the production cost.

The common overheads like administrative salaries, and administrative expenses like rent, rates and

taxes, printing and stationery, travelling and conveyance, etc. and also Depreciation on Furnitures and

Fixtures and Vehicles are accumulated under Administrative Overheads. These are apportioned to

Polyester products and other activities on the basis of percentage of sales.

Selling and Distribution expenses like commission, rebates, freight, etc. are collected

product groupwise, like crimped yarn , sized yarn , grey fabrics, processed fabrics, exports

fabrics etc. Within each group, the cost is allocated to different products on the basis ofpercentage of sales.

Selling and Distribution overheads and interest are charged only to products

actually sold during the period.

Actual sales realisation amounts for different products are taken from sales records and

after deducting cost of sales, the final profit/loss is worked out.

The costing system followed by the company is adequate to determine the cost of

products correctly.

(2) Briefly specify the changes, if any, made in the costing system, basis of inventory valuation,

method of overhead allocation, apportionment to cost centres/departments and final absorption to

the product under reference, etc. during the current financial year, as compared to the previous

financial year.

In 2008-09, the Company implemented ERP (Enterprice Resource Planning) System,

in which all Expenses are identified and charged to different cost centres. Hence, factory Overheads

(Common expenses) amount is low in 2008-09.

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3. PROCESS OF MANUFACTURE

A brief note regarding the process of manufacture along with a flow chart of the product covering

production, utility and service departments of the product.

The main raw materials are Polyester POY (Partially Oriented Yarn) and Polyester Crimped/

Texturised yarn, which are purchased.

POY is made into crimped yarn in crimping department . Crimped yarn (both manufactured and

purchased)may be used for further process of Twisting or used either in warp and/or weft in

fabrics. Some quantity of crimped yarn is also sold in market.

POY is also used to make warp drawn yarn in Draw Warping which is sold and some part of

which goes for sizing process. The size yarn goes through the process of beaming and is either

sold or used in captive consumption for production of fabrics on looms.

The twisted yarn is used either in warp or weft of fabrics.

The warp yarn and weft yarn are interlaced and woven into fabric on various types of looms

like water jet , shuttle looms,etc. The output of looms is grey fabric,which is either sold in grey

form or goes for further processing to produce dyed or printed fabrics.

The grey fabrics goes through the machines like jet dyeing, in order to produce dyed fabric.

The dyed fabrics are sold as dyed fabrics or undergo further process of printing to produce

printed fabrics

Printing process is done on printing machines on either white fabric or dyed fabrics. Printed

fabrics are produced in various designs and styles on printing machines.

Dyed and printed fabrics go through Stenter machine to impart dimensional stability to the

fabrics. The fabrics are finished on zero-zero machines. Grey fabrics are also converted into

dyed and printed fabrics through outside processors on job work basis.

The finished fabrics are folded and inspected for defects. They are then cut into different lengths

and packed for despatch.

Flow chart is attached.

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4. QUANTITATIVE DETAILS:

DRAW WARPING 2010-2011 2009-2010 2008-2009

M/T M/T M/T

1. Installed capacity * 21000 21000 14000

2. Capacity enhanced during the year by leasing

arrangement, etc.

3. Total available capacity 21000 21000 14000

4. Production during the year:(a) self manufactured 13531 15391 9675

(b) third party on job work, etc. 0 0 0

loan licence basis

5. Total production quantity 13531 15391 9675

6. Production as per Excise Records No Excise No Excise No Excise

7. Capacity utilisation percentage 64.43 73.29 92.14

8. Opening stock (finished quantity) 14 15 18

8a Purchased 0 0 0

9. Total available quantity 13545 15406 9693

10. Quantity captively consumed 1054 971 759

11. Quantity sold:

(a) domestic at controlled price

(b) domestic at market price 12274 14421 8919

export under advance licence(d) export under other obligation

(e) export at market price

(f) Total

12. Closing stock (finished quantity) 217 14 15

-- 7 --

Particulars


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SIZING 2010-2011 2009-2010 2008-2009

M/T M/T M/T

1. Installed capacity * 3600 3500 3500


arrangement, etc.3. Total available capacity 3600 3500 3500

4. Production during the year:

(a) self manufactured 1251 1069 1480

(b) third party on job work, etc. 0 0 0

5. Total production quantity 1251 1069 1480



8. Opening stock (finished quantity) 3 3 53

8a Purchased

9. Total available quantity 1254 1072 1533

10. Quantity captively consumed 682

11. Quantity sold:(a) domestic at controlled price

(b) domestic at market price 1238 1069 848

export under advance licence

(d) export under other obligation


(f) Total

12. Closing stock (finished quantity) 16 3 3

--8---

Particulars


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WEAVING-GREY FABRICS 2010-2011 2009-2010 2008-2009

1. Installed capacity * Looms 1220 1220 1280


arrangement, etc.

3. Total available capacity 1220 1220 1280

4. Production during the year: Lakhs mtrs Lakhs mtrs Lakhs mtrs(a) self manufactured 403.63 352.09 240.05

(b) third party on job work, etc. 8.31

loan licence basis

5. Total production quantity 411.94 352.09 240.05



8. Opening stock (finished quantity) 17.48 11.59 16.11

8a Purchased 112.66 84.23 50.69

9. Total available quantity 533.77 447.91 306.85

10. Quantity captively consumed 152.96 120.63 80.26

11. Quantity sold:

(a) domestic at controlled price(b) domestic at market price 365.71 309.80 215.00




(f) Total

12. Closing stock (finished quantity) 23.40 17.48 11.59

-- 9 --

Particulars


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FINISHED FABRICS 2010-2011 2009-2010 2008-2009

Lakhs mtrs Lakhs mtrs Lakhs mtrs

1. Installed capacity * 219.00 219.00 219.00


arrangement, etc. 0.00 0.00 0.003. Total available capacity 219.00 219.00 219.00

4. Production during the year:

(a) self manufactured 109.66 84.73 64.79

(b) third party on job work, etc. 24.91 19.71 11.48

loan licence basis 0 0 0

5. Total production quantity 134.57 104.44 76.27



8. Opening stock (finished quantity) 50.79 45.72 45.66

8a Purchased 28.28 32.26 26.64

9. Total available quantity 213.64 182.42 148.57

10. Quantity captively consumed11. Quantity sold:

(a) domestic at controlled price

(b) domestic at market price 158.42 128.77 99.77



(e) export at market price 2.86 3.08

(f) Total 158.42 131.63 102.85

12. Closing stock (finished quantity) 55.22 50.79 45.72

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Particulars


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5(A). MAJOR INPUT MATERIALS/COMPONENTS CONSUMED

Qty Rate Amount Qty Rate Amount

Rs.in lakhs Rs.in lakhs

1. Indigenous:

RMP-001 5890573 92.05 5421.98 4684189 83.59 3915.35

RMP-002 2035977 79.11 1610.61 2930512 71.04 2081.72

RMP-003 3524086 74.13 2612.33 783602 65.95 516.78

RMP-004 1822105 71.14 1296.33 7048663 66.67 4699.45

RMP-005 258015 87.05 224.61

RMF-001 183616 96.40 177.01 201106 189.23 380.55

RMF-002 1692198 100.11 1694.09 685636 118.49 812.39

RMF-003 173283 117.31 203.28 52296 100.43 52.52

RMF-004 272006 76.40 207.81

RMF-005 527469 84.20 444.14

RMF-006 173081 97.91 169.47

RMF-007 371078 72.98 270.83

RMF-008 399366 246.21 983.29

RMF-009 240003 88.11 211.46RMO-000 83009 72.09 59.84 21838 86.50 18.89

TOTAL 17118396 88.46 15142.94 16935311 76.30 12921.79

2. Self manufactured:

(a)

3 Imported

(b)

5(A). MAJOR INPUT MATERIALS/COMPONENTS CONSUMED

Qty Rate Amount

Rs.in lakhs

1. Indigenous:

RMP-001 3120782 89.08 2779.89

RMP-002 1945333 70.29 1367.45

RMP-003 4283165 62.76 2688.16

RMP-004 325793 68.68 223.75

RMP-005

RMF-001 29843 226.62 67.63

RMF-002 683618 120.95 826.84

RMF-003 191369 98.23 187.98

RMF-004 636490 119.81 762.59

RMF-005 0 0.00 0

RMF-006

RMF-007

RMO-000 41599 85.24 35.46

TOTAL 11257992 79.41 8939.75

2. Self manufactured:

(a)

3 Imported

(b)

-- 11--

2009-2010

2008-2009

2010-2011


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GREY FABRICS PURCHASED

Varity No Qty Rate Amount Qty Rate Amount Qty Rate

Mtrs Rs.in lakhs Mtrs Rs.in lakhs Mtrs R

DM041 317497 44.92 142.62 155515 42.51 66.11

DM074 124395 11.78

DM114 53035 30.02 15.92

DM126 210117 23.02 48.37 51357 26.42

DM139

DM148 151217 23.89 36.12 43161 22.00 9.50 121042 22.83

DM158 208637 12.16 25.37

DM174 117697 11.07

DM177 781964 23.72 185.52 988095 23.47 231.91 484311 23.47

DM185

DM186 49264 23.12

DM187 175085 21.43 37.52

DM190 190312 21.73 41.35

DM193 293142 18.87DM218 195566 22.68

DM219 157948 26.75

DM221 96601 21.05

DM230 747400 13.78 102.99

DM231 58478 18.25 10.67

DM232 140439 29.69 41.70 200985 27.08 54.43

DM233 278439 20.89 58.16 311831 24.38 76.02

DM234 165690 28.90 47.88

DM235 87915 31.21 27.44 135191 27.16 36.72

DM239 76454 32.76 25.05

DM240 591285 29.56 174.79

DM241 271719 44.88 121.95

DM242 220693 34.14 75.34DM243 128873 38.25 49.30

DM244 439096 23.76 104.33

DM245 107780 37.47 40.39

DM246 128295 33.38 42.83

DM247 167533 24.43 40.92

SR013 548369 9.76 53.54 572015 11.69 66.87 768356 18.45

SR014 64399 11.79

SR016

SR027 521497 31.92 166.47

SR040 307734 23.47 72.21

SR045 21817 18.47

SR067 94456 38.00 35.89

SR078 480383 18.64 89.53SR101 212064 19.75

SR102 206801 17.29

SR087 322949 43.13 139.29 86451 34.55 29.87

SR107 89088 17.83 15.88

SR108 166284 13.97 23.23

SR109 363668 22.93 83.39

SR110 324698 12.78 41.50

Others 3894450 30.56 1190.33 4383895 23.23 1018.31 2104704 25.49

TOTAL 11265927 27.89 3142.01 8422741 22.03 1855.52 5069464 22.17

2009-2010 2008-20092010-2011


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5(B) STANDARD/ ACTUAL CONSUMPTION OF INPUT MATERIALS PER UNIT:

Particulars Unit Standard

2010-2011 2009-2010 2008-2009

Grey fabrics for

Processing(finish fabrics) Metre 1.1094 1.1080 1.1264

6. BREAK-UP OF COST OF INPUT MATERIALS IMPORTED DURING THE YEAR:

Particulars 2009-20010 2008-2009 2007-2008

1. FOB Price in rupees (CIF)

2. Insurance & freight

3. Customs duty Not Applicable

4. Clearing charges

5. Inland freight

6. Other expense

7. Total

7(A) POWER, FUEL AND UTILITIES:

Particulars

POWER Lakhs Rate Amount Lakhs Rate AmounUnits Rs.in lakhs Units Rs.in lakhs

1. Indigenous (purchased) 47.05 7.35 345.87 8.63 11.64 100.45

(a)

2. Generated/produced 332.15 6.47 2149.13 367.69 5.05 1855.75

(a)

3. Imported

4. Total 379.20 6.58 2495.00 376.32 5.20 1956.2

M/Tons Rate Amount M/Tons Rate Amount


STEAM 53469 480 256.73 43321 540 233.93

---13---

2009-2010

Actuals

2010-2011


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7(A) POWER, FUEL AND UTILITIES:

Particulars

POWER Lakhs Rate Amount

Units Rs.in lakhs

1. Indigenous (purchased) 6.68 10.92 72.97

(a)

2. Generated/produced 242.39 6.32 1531.41

(a)

3. Imported4. Total 249.07 6.44 1604.38

M/Tons Rate Amount

Rs.in lakhs

STEAM 26973 660 178.10

7(B) STANDARD/ACTUAL CONSUMPTION OF POWER, FUEL AND UTILITIES IN TERMS OF QUANTITY

PER UNIT OF PRODUCTION:

Particulars Units Standard

POWER Kwh 2010-2011 2009-2010 2008-2009

Draw warping Kg Not Available 1.01 0.94 0.86

Water Jet Looms Metre 0.26 0.26 0.26

STEAM KGS

Draw warping Kg 0.62 0.54 0.50

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2008-2009

Actuals


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8. SALARIES AND WAGES:

Particulars 2010-2011 2009-2010 2008-2009

A. Quantitative Details:

1. Direct Workers: 759 842 1218

a. Average number during the year

b. Mandays available 231672 254412 245934

c. Mandays actually worked for:

(I) Own production 231672 254412 245934

(ii) Job work

d. Reason-wise analysis of idle man-days (a-b):

i) absenteeism

ii) shortage of raw materials

iii) power shortage/failures

iv) Others (Specify)

1. Indirect Workers:

a. Average number during the year 422 320 319

b. Mandays available 127884 97380 80676

c. Mandays actually worked for:

(I) Own production 127884 97380 80676

(ii) Job work

d. Reason-wise analysis of idle man-days (a-b):

i) absenteeism

ii) shortage of raw materialsiii) power shortage/failures

iv) Others (Specify)

B. Cost Detail:

1. Direct labour cost on production 1362.83 1347.79 1173.35

2. Indirect employee costs on production 255.07 304.73 397.04

3. Indirect employee costs Administration 77.21 110.91 73.31

4. Employee costs on selling and distribution 276.24 254.88 253.82

5. Other employee costs, if any (specify)

6. Total employee costs 1971.35 2018.31 1897.52

7(a) Payments under any VRS Scheme

7(b) Amount provided during the year

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9. REPAIRS AND MAINTENANCE:

Particulars 2010-2011 2009-2010 2008-2009

Rs.lakhs Rs.lakhs Rs.lakhs

1. Land and Building 161.61 73.45 45.77

2. Plant and machinery 132.22 147.52 150.53

3. Staff quarters and colony

4. Others (to be specified - categorywise) 38.77 24.49 79.25

5. Total amount 332.60 245.46 275.55

6. Amount capitalized/deferred during the year

7. Net amount (5-6) 332.60 245.46 275.558. Deferred amount of earlier years, if any

9. Total amount provided in the cost records (7-8) 332.60 245.46 275.55

10. FIXED ASSETS REGISTER AND DEPRECIATION:

Particulars 2010-2011 2009-2010 2008-2009

1. Whether fixed assets register maintained cost centrewise Yes Yes Yes

2. Method of providing depreciation Draw Warp- Draw WarpDraw Warp-

ing & Powering & Pow ing & Powe

plant WDV plant WDV plant WDV

& others & others & othersSt. Line St. Line St. Line

3. Amount of depreciation under Section 205(2) of the Companies

Act, 1956 or any other relevant Act, as the case may be Lakhs Rs 1121.40 1218.97 874.25

4. Amount of depreciation provided in the financial records Lakhs Rs 1121.40 1218.97 874.25

5. Amount of depreciation absorbed in the cost records Lakhs Rs 1121.40 1218.97 874.25

6. Shortfall/Excess, if any (3 and 5)

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11. GROSS BLOCK, DEPRECIATION AND LEASE RENT:

2009-2010

Particulars Gross Deprecia- Lease Total Gross Deprecia- Total

Block tion Rent paid (b+c) Block tion (b+c)

Rs lakhs Rs lakhs if any Rs lakhs Rs lakhs Rs lakhs Rs lakhs(a) (b) (d) (a) (b) (d)

Name of major cost

Cost centres

a) Draw Warping 4925.46 257.14 257.14 4872.15 224.26 224.26

b) Sizing 579.21 8.43 8.43 1017.02 9.20 9.20

c) Looms 5550.72 76.38 76.38 5994.29 64.55 64.55

d Processing 3338.64 127.55 127.55 3504.25 147.22 147.22

e) Power 3597.01 150.46 150.46 3246.73 171.43 171.43

f) Other machinery 4240.39 215.02 215.02 5244.4 213.54 213.54

g) Building 5549.49 259.92 259.92 5584.97 280.77 280.77

h) Furniture,Vehicles, 347.16 8.67 8.67 1337.69 108.00 108

i) Mumbai Office 438.37 17.83 360.94

j) Land 1703.63 0 1703.63

TOTAL 30270.08 1121.40 1121.4 32866.07 1218.97 1218.97

11. GROSS BLOCK, DEPRECIATION AND LEASE RENT: 0

Particulars Gross Deprecia- Lease Total

Block tion Rent paid (b+c)

Rs lakhs Rs lakhs if any Rs lakhs

(a) (b) (d)Name of major cost

Cost centres

a) Draw Warping 4006.96 133.12 133.12

b) Sizing 1103.46 20.19 20.19

c) Looms 5176.30 24.31 24.31

d Processing 3649.45 113.26 113.26

e) Power 3530.74 151.42 151.42

f) Other machinery 5659.89 169.02 169.02

g) Building 6316.60 198.42 198.42

h) Furniture,Vehicles, 1463.80 64.51 64.51

i) Mumbai/Finance 421.60

j) Land 1703.63

TOTAL 33032.43 874.25 874.25

---17---

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12. OVERHEADS:

For the product under For the product under For the product under

reference &Factory reference &Factory reference &Factory

as a whole as a whole as a whole

Rs.in lakhs Rs.in lakhs Rs.in lakhs

1. Factory overheads

a) Wages and salaries 0 7.02 0

b) Consumable stores 0 0.47 4.96c) Repairs &maintenance 0.00 0.00 0.00

d) Depreciation on macinery 108.09 104.30 79.48

e) Factory expenses 0 0.79 0.48

f) Others 0.00 14.03 0.00

Total 108.09 126.61 84.92

2. Administrative overheads

Salaries 77.21 110.91 163.31

Legal and professional 26.11 38.95 39.00

Commission to Managing

Director 102.08 71.71 69.25

Misc Expenses 10.99 13.56 15.54

Sale Tax

Travelling Expenses 3.00 5.42 7.41

Depreciation on furniture/vehcle 17.83 13.00 11.17

Others 70.81 66.45 47.00

Total 308.03 320.00 352.68

3. Selling overheads

a) Salaries 276.24 254.88 253.82

b) Brokerage & commission 269.26 286.06 186.03

c) Discount 277.28 331.38 197.56

d) Spot sales 371.26 370.48 252.39

e) Advertisement 704.04 728.02 592.18

f) Others 285.72 168.79 24.59

Total 2183.8 2139.61 1506.57

4. Distribution overheads

a) Freight & octroi 135.41 138.86 29.06

TOTAL OVERHEADS 2735.33 2725.08 1973.23

Remarks-(1) In 2008-09, the Company implemented ERP (Enterprice Resource Planning) System,

in which all Expenses are identified and charged to different cost centres. Hence, factory Overheads

(Common expenses) amount is low in 2008-09.

(2) Common Administrative overheads for the company as a whole are allocated to the two factories

for the product and also other activities on sales basis and hence some variation from one year

to another arises.

13. RESEARCH AND DEVELOPMENT EXPENSES:

Particulars 2010-2011 2009-2010 2008-20091. Process development and improvement

2. Existing product development

3. New product development

4. Others, if any

5. Total amount


7. Net amount (5-6) NIL NIL NIL

8.Deferred amount of earlier years, if any

9.Total amount provided in the cost records (7+8)

10. Amount paid to related parties

---18---

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14. ROYALTY AND TECHNICAL KNOW HOW CHARGES:

Particulars 2010-2011 2009-2010 2008-2009

1. Royalty on production/sales2. Lump sum payment of royalty, if any

3. Technical know how charges

4. Others, if any

5. Total amount


7. Net amount (5-6) NIL NIL NIL

8. Deferred amount of earlier years, if any

9. Amount provided in the financial accounts (7+8)

10. Amount absorbed in the cost records

11. Shortfall/Excess, if any

12. Amount paid to related parties

15 - QUALITY CONTROL EXPENSES

Particulars 2010-2011 2009-2010 2008-2009

1. ISO Number , if any 9001 9001 9001

2. Name of certifying agency BVQI BVQI BVQ

3. Salaries and wages

4. Other direct expenses

5. Other if any (specify) 0 0 0

6. Total amount 0 0 50624

16 - POLLUTION CONTROL EXPENSES

Particulars 2010-2011 2009-2010 2008-2009

1. Effluent treatment

2. Control of air pollution

3. Control of ash pound/ash mound

4. Penalty, if any

5. Other, if any

6. Total amount 280000 276081 718790

17 - ABNORMAL NON-RECURRING COSTS:

Particulars 2010-2011 2009-2010 2008-2009

1. (Specify)

2 NIL NIL NIL

3

Total

---19---


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18(A) NON-MOVING STOCK (at the end of the year)

Particulars 2010-2011 2009-2010 2008-2009

a1. Total direct material consumption

a2. Closing stock of direct material

a3. Value of non-moving stock NIL NIL NIL

a4. Percentage of a3 to a2

b1. Total indirect material consumption

b2. Closing stock of indirect material

b3. Value of non-moving stock

b4. Percentage of b3 to b2

c1. Work-in process

c2. Closing stock

c3. Value of non-moving stock

c4. Percentage of c3 to c2

d1 Finished Goods

d2. Closing stock

d3. Value of non-moving stock

d4. Percentage of d3 to d2

e1. Total

e2. Closing stock 5619.58 4847.82 3568.88

e3. Value of non-moving stocke4. Percentage of e3 to e2

18(B) - WRITTEN OFF STOCK DURING THE YEAR

Particulars 2010-2011 2009-2010 2008-2009

1. Direct materials (Raw Materials & components,etc)

2. Indirect materials

3. WIP

4. Finished Goods

5. Total NIL NIL NIL

---20---


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19(A) INVENTORY VALUATION AT THE END OF THE YEAR

Particulars Basis of

valuation Quantity Rate Amount

(unit) Kg Rs. Rs.lakhs

1. Input material:

I) Purchased

- Indigenous

Weighted avg. cost

Raw Material- Yarn 826807 148.94 1231.47

- Imported

ii) Self manufactured

2. Chemicals, additives and

consumables

3. Stores and spares& Chemicals Weighted avg. cost 841.26

4. Packing materials Weighted avg. cost 0

5. Tools and implements and

Jigs, Dies and Fixtures

6. Work-in-progress

I) Material cost Cost Mtrs 611112 35.51 217.01

Cost Kgs 275906 171.31 472.65ii) Conversion cost

(details to be given)

7. Finished goods

(I) Unpacked

(ii) Packed Yarn Weighted avg. cost or net realis-

(ii) Packed Fabrics able value, whichever is lower. 7862340 36.34 2857.19

8. Scrap/Wastage Net realisable value

9.Other Fuel Weighted avg. cost

10. Total value of inventory

as per cost accounts 5619.58

11. Total value as per finan-

cial accounts 5784.59

12. Reasons for major differences if any

The difference is in respect of finished goods only. This is because of different cost of elements taken for

Financial and Costing records.

---21---

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19(A) INVENTORY VALUATION AT THE END OF THE YEAR

Particulars Basis of



1. Input material:

I) Purchased

- Indigenous

Weighted avg. cost

Raw Material- Yarn 962394 94.05 905.1

- Imported



consumables


4. Packing materials Weighted avg. cost 9.45



6. Work-in-progress

I) Material cost Cost Mtrs 1027311 28.87 296.56

Cost Kgs 333593 134.02 447.09ii) Conversion cost

(details to be given)

7. Finished goods

(I) Unpacked









12. Reasons for major differences if anyFinancial and Costing records.

--22--

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19(A) INVENTORY VALUATION AT THE END OF THE YEARParticulars Basis of



1. Input material:

I) Purchased

- Indigenous

Weighted avg. cost

Raw Matrerial- Yarn 609014 106.13 646.33

- Imported



consumables


4. Packing materials Weighted avg. cost 8.21



6. Work-in-progress

I) Material cost Cost 2859255 11.96 341.97

ii) Conversion cost

(details to be given)7. Finished goods

(I) Unpacked











The difference is in respect of finished goods only. This is because of different cost of elements taken for

Financial and Costing records.

-- 23--

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19(B) - PHYSICAL VERIFICATION OF INVENTORY:

Sl. Particulars Periodicity Shortage Excess Net Shortage Excess

No. of verifi-. value Rs. value Rs. value Rs. value Rs. value Rs.

cation

1. Raw material Quarterly

2. Chemicals, additives, con- "

sumables, etc. "

3. Stores & spares "

4. Packing materials "5. Tools & Implements " DIFFERENCE NEGLIGIBLE DIFFERENCE NEGLIGIBLE

6. WIP "

7. Finished Goods "

8. Scrap, wastage "

9. Total

19(B) - PHYSICAL VERIFICATION OF INVENTORY:

Sl. Particulars Periodicity Shortage Excess Net

No. of verifi-. value Rs. value Rs. value Rs.

cation

1. Raw material Quarterly2. Chemicals, additives, con- "

sumables, etc. "

3. Stores & spares "

4. Packing materials "

5. Tools & Implements " DIFFERENCE NEGLIGIBLE

6. WIP "

7. Finished Goods "

8. Scrap, wastage "

9. Total

-- 24--

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2009-20102010-2011


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20. SALES OF THE PRODUCT UNDER REFERENCE:

Qty Rate Amount Qty Rate Amount

Rs. In lakhs Rs. In lakhs

1. Purchased goods

a)

b)

2. Loan licence basis:

a) Draw Warping Job Kgs

b) Cotton Doubling Kgs

c) Sizing Job Kgs

d) Finished Fabrics Job Mtrs

3. Own manufactureda) Draw Warping Kgs 12233083 124.06 15176.17 14421095 109.07 15729.30

b) Sizing Kgs 1238625 158.03 1957.34 1069790 146.96 1572.20

c) Grey Fabrics Mtrs 36571265 24.00 8776.85 30979541 23.29 7213.80

d) Finished Fabrics Mtrs 15841547 63.73 10096.47 12877133 61.38 7903.84

e) Finished Fabrics Export Mtrs 285737 66.95 191.29

20. SALES OF THE PRODUCT UNDER REFERENCE:

Qty Rate Amount

Rs. In lakhs1. Purchased goods

a)

b)



b) Cotton Doubling Kgs

c) Sizing Job Kgs

d) Finished Fabrics Job Mtrs

3. Own manufactured

a) Draw Warping Kgs 8888410 111.12 9876.94

b) Sizing Kgs 848175 157.61 1336.84

c) Grey Fabrics Mtrs 21499957 24.48 5262.61

d) Finished Fabrics -Local Mtrs 10284689 56.54 5814.46

d) Finished Fabrics- Export Mtrs 308390 72.19 222.63

-- 25 --

2008-2009

2010-2011 2009-2010


29/127


30/127

GREY FABRICS

Sort No Mtrs Rate Amount Mtrs Rate Amount Mtrs Rate

Rs.In lakhs Rs.In lakhsDM002 719079 20.71 148.93

DM104 1704058 28.29 482.10 484904 27.62 133.93 461672 26.87

DM122 3094268 20.83 644.52 639281 17.37 111.04 465216 20.09

DM126 6018015 21.01 1264.25 5836147 20.54 1198.74 1584267 23.15

DM129 271018 33.45 90.65

DM150 1459850 19.93

DM154 322939 31.21 100.79 714332 28.90 206.44 418638 31.91

DM157 860044 33.25 285.98 722107 30.65 221.33

DM165 434910 24.27 105.55 299963 23.23

DM177 27403 25.90 7.10

DM187 12005 23.80 2.86

DM183 120551 31.46

DM189 293175 26.44 77.51

DM193 645708 20.15 130.11 896379 20.60

DM196 1322069 15.77 208.49 1733218 15.75 272.98 1360389 13.33

DM198 101595 20.91

DM199 2056670 22.56 463.98 1173433 28.63

DM200 364742 44.85 163.57 230876 41.56 95.95

DM201 124788 34.58

DM203 493664 16.89 83.39

DM209 156299 29.51

DM210 923465 27.32

DM211 305313 16.25 49.61 219309 15.25

DM212 926280 31.71 293.70 1291623 33.38 431.14 107928 32.44

DM213 150495 16.90

DM214 991911 24.50 243.02 492262 24.67

DM215 136164 28.27DM216 95942 44.06

DM217 807219 28.45

DM226 1216562 15.09 183.61 1635621 14.25 233.08 208035 26.88

DM227 478239 18.90 90.40 839902 19.42 163.11

DM228 451534 22.65 102.29 364428 21.35 77.81

DM229 229602 28.50 65.44

DM230 493664 16.89 83.38

DM231 886621 18.97 168.23

DM232 384608 34.08 131.07

DM233 363402 44.60 162.08

DM234 314182 25.64 80.57

DM235 526515 23.81 125.37

DM236 400017 21.30 85.21

DM237 201975 23.85 48.17

SR067 58264 25.64 14.94

Others 6512075 30.89 2011.86 6124460 29.15 1785.57 4922079 30.69

-- 27 --

2010-2011 2009-2010 2008-2009


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20 SALE OF THE PRODUCT UNDER REFERENCE

PROCESSED FABRIC

Mtrs Rate Amount Mtrs Rate Amount Mtrs


PURCHASED GOODS

DM068 DYED 178182 40.45 72.07

DM222 DYED 90110 37.39 33.69

DM236 PTD 50363 65.97 33.22

SR016 PTD 137882

SR040 PTD 275814SR064 PTD 120298

SR071 PTD 67225 49.55 33.31

SR080 PTD 118604

SR086 PTD 99917

SR090 PTD 88459 59.90 52.98

SR092 PTD 86220

SR096 PTD 149166

SR103 PTD 160837

SR107 PTD 111487 21.27 23.71

SR108 PTD 48557 46.07 22.37

SR109 PTD 85969 39.13 33.64

SR110 PTD 62446 51.28 32.02

OWN MANUFACTURED

DM001 DYED 72377 47.97 34.72

DM002 DYED 196773 40.65 79.98 162758 33.47 54.48 190669

DM041 PTD 266556 93.60 249.50 134766 87.08 117.35

DM074 PTD 142594

DM126 DYED 492687 51.28 252.64

DM126 PTD 73623 46.97 34.58 317697

DM114 PTD 46978 69.35 32.58

DM139 DYED 166709 65.32 108.89 176091 52.49 92.43 183661

-- 28 --

2009-2010 22010-2011


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20 SALE OF THE PRODUCT UNDER REFERENCE

PROCESSED FABRIC



DM148 PTD 124192 77.49 96.24 143787 60.93 87.61 194898

DM158 PTD 225846 48.54 109.62

DM174 PTD 110161

DM177 DYED 544218 64.01 348.36 310008 48.27 149.63DM177 PTD 154930 73.94 114.56 484979 56.09 272.01 448145

DM187 PTD 137959 61.36 84.65

DM190 PTD 158977 51.05 81.16

DM193 PTD 175998

DM218 DYED 177666

DM219 PTD 269060

DM221 PTD 89805

DM230 PTD 152670 41.79 63.80

DM231 DYED 113558 45.58 51.76

DM232 DYED 128278 56.89 72.98 174601 52.77 92.13

DM233 PTD 262769 55.81 146.65 203300 47.94 97.46

DM234 PTD 137490 63.66 87.53

DM235 PTD 90420 70.52 63.76 109486 62.95 68.92DM239 DYED 44171 64.27 28.39

DM240 PTD 480107 66.16 317.65

DM241 PTD 237350 90.52 214.84

DM242 PTD 191271 76.62 146.56

DM243 DYED 75744 72.39 54.83

DM244 DYED 62201 59.92 37.27

DM244 PTD 156252 80.09 125.14

DM245 PTD 97855 74.28 72.69

DM246 PTD 114403 73.17 83.71

DM247 PTD 121952 55.83 68.09

DM249

- 29--

2010-2011 22009-2010


33/127

PROCESSED FABRIC



SR005 DYED 76475 47.88 36.62 261598 60.03 157.03 188768

SR005 PTD 287076 65.00 186.60 285778 54.53 155.82 275839

SR009 DYED 283162 55.88 158.22 185785 43.60 81.01 94609SR009 PTD 1389104 69.23 961.62 869714 59.50 517.48 749187

SR013 PTD 553880 46.18 255.76 552269 41.99 231.90 592688

SR013 DYED 49975 31.37 15.68

SR014 PTD 322257

SR003 DYED 184435 83.08 153.22

SR027 PTD 395249 66.20 261.67

SR067 PTD 245340 74.94 183.87 473096 55.39 262.03

SR078 PTD 617109 71.73 442.66 460138 57.90 266.42 285751

SR086 PTD 99917

SR087 PTD 276456 95.41 263.77 99388 89.74 89.19

SR107 PTD 149798 67.33 100.86

SR108 PTD 174337 60.07 104.73

SR109 DYED 55756 76.03 42.39SR109 PTD 279477 75.13 209.97

SR110 PTD 260463 45.62 118.83

SR101 PTD 147104

SR102 PTD 166003

Others 3436361

- 30--

2009-2010 22010-2011


34/127

SALES OF THE PRODUCT UNDER REFERENCE

SIZING

Product Kgs Rate Amount Kgs Rate Amount Kgs Rate

Code Rs.In lakhs Rs.In lakhs R

SS-001 518046 160.60 831.98 192140 132.06 253.73 108918 135.28

SS-004 186207 138.10 257.16 111664 128.30 143.26 32656 129.56

SS-003 169955 127.53 216.74 292796 121.89 356.87 259477 132.94

SS-002 66669 145.28 96.86 62497 131.13 81.95 61702 130.43

SS-005 74680 188.16 140.52 82236 176.68 145.30 107183 168.05SS-006 99114 182.98 181.36 250681 182.06 456.38 278239 194.66

SS-007 76998 199.77 153.82 50446 182.18 91.90

SS-008 46956 168.03 78.90 27330 156.60 42.80

DRAW WARPING

WDS-005 337852 127.51 430.80 69296 118.82

WDS-001 3388007 130.12 4408.50 3745613 121.52 4551.65 1480463 106.37

WDS-007 1731964 154.34 2673.07 3904 144.58 5.64 1074262 155.95

WDS-006 15345 157.84 24.22

WDS-004 1590335 116.83 1858.05 672115 100.33 674.31 296718 95.75

WDS-003 3375905 107.20 3618.88 6793060 102.24 6945.05 4082754 103.22

WDS-002 1956470 120.47 2357.04 2867899 108.82 3120.87 1884917 108.56WDS-008 175056 135.04 236.40

-- 31 --

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35/127

21. MARGIN PER UNIT OF OUTPUT

Cost of Sales rea- Margin Cost of Sales rea- MarginSales lisation Rs. Sales lisation Rs.

1. Purchased goods

a)



b) Sizing Job Kgs

c) Finsshed Fabrics Job Mtrs

3. Own manufactured

a) Draw Warping Kgs 101.83 124.06 22.23 88.68 108.45 19.77

b) Sizing Kgs 141.28 158.03 16.75 138.13 146.96 8.83

c) Grey Fabrics Mtrs 22.19 24.00 1.81 20.76 23.29 2.53

d) Finished Fabrics -Local Mtrs 55.54 63.73 8.19 51.30 59.38 8.08

21. MARGIN PER UNIT OF OUTPUT

Cost of Sales rea- Margin

Sales lisation Rs.

1. Purchased goodsa)



b) Sizing Job Kgs

c) Finsshed Fabrics Job Mtrs

3. Own manufactured

a) Draw Warping Kgs 89.1 111.12 22.02

b) Sizing Kgs 142.56 157.61 15.05

c) Grey Fabrics Mtrs 21.69 24.48 2.79

d) Finished Fabrics -Local Mtrs 51.81 56.53 4.72

d) Finished Fabrics- Export Mtrs

-- 32 --

2010-2011

2008-2009

2009-2010


36/127

21 MARGIN PER UNIT OF OUT PUT(PER METRE)

GREY FABRICS

Sort No Cost of Sales Margin Rs Cost of Sales Margin Rs Cost of Sales

sale Realisation sale Realisation sale Realisation

DM002 19.58 20.71 1.13

DM029 0.00 0.00 24.43 25.73

DM050 32.47 34.78 2.31 30.04 33.97 3.93 25.32 32.37

DM055

DM057

DM072 0.00 19.22 22.42 3.20 20.47 21.65DM073 0.00 0.00 26.37 32.56

GREY FABRICS



DM079 15.67 17.42 1.75 14.13 15.99 1.86 15.76 16.48

DM086 18.33 20.15 1.82 16.30 18.73 2.43 17.72 17.98

DM092 19.81 24.1 4.29

DM104 26.61 28.29 1.68 26.33 27.62 1.29 27.47 26.87

DM122 18.56 20.83 2.27 15.33 17.37 2.04 17.47 20.10

DM126 19.15 21.01 1.86 19.58 20.54 0.96 23.98 23.15

DM148 24.75 21.30

DM150 18.05 19.93

DM129 27.80 33.45 5.65

-- 33 --

2009-2010 2008-20092010-2011

2010-2011 2008-20092009-2010


37/127

GREY FABRICS



DM154 28.40 31.21 2.81 26.32 28.90 2.58 27.55 31.90

DM157 29.76 33.25 3.49 27.36 30.65 3.29

DM165 0.00 22.91 24.27 1.36 23.31 23.23

DM183 27.68 31.46

DM189 26.20 26.44 0.24

DM193 19.46 20.15 0.69 21.13 20.60

DM196 15.58 15.77 0.19 13.69 15.75 2.06 14.84 13.33

DM198 18.20 20.90DM199 18.85 22.56 3.71 23.90 28.63

DM200 39.72 44.84 5.12 36.71 41.56 4.85

DM201 31.12 34.60

DM209 27.19 29.50

DM210 20.24 27.30

DM211 16.09 16.25 0.16 17.41 15.25

DM212 30.50 31.72 1.22 27.49 33.38 5.89 27.87 32.43

DM213 0.00 15.23 16.90

DM214 18.85 24.50 5.65 19.67 24.67

DM215 27.10 28.30

DM216 36.49 44.10

DM217 24.79 28.50

DM226 15.01 15.09 0.08 13.62 14.25 0.63 22.48 26.88

DM227 17.33 18.9 1.57 16.17 19.42 3.25DM228 19.59 22.65 3.06 19.05 21.35 2.30

DM229 27.12 28.5 1.38

DM230 15.23 16.89 1.66

DM231 17.66 18.97 1.31

DM232 31.44 34.08 2.64

DM233 41.80 44.6 2.80

DM234 23.49 25.64 2.15

DM235 20.33 23.81 3.48

DM236 21.05 21.3 0.25

DM237 21.37 23.85 2.48

SR067 24.76 25.64 0.88

-- 34 --

2008-20092009-20102010-2011


38/127

21 MARGIN PER UNIT OF OUTPUT (PER METRE)

PROCESS FABRIC

cost of sales Margin Rs cost of sales Margin Rs cost of

sale realisa sale realisa sale

PURCHASED GOODS tion tion

DM068 DYED 35.17 40.45 5.28

DM222 DYED 37.76 37.39 -0.37

DM236 DYED 64.48 65.97 1.49

SR016 PTD 48.81SR040 PTD 60.04

SR064 PTD 56.32

SR071 PTD 46.02 49.55 3.53

SR080 PTD 35.29

SR086 PTD 61.41

SR082 PTD 46.30

SR090 PTD 48.80 59.90 11.10

SR096 PTD 48.50

SR103 PTD 49.07

SR107 PTD 25.54 21.27 -4.27

SR108 PTD 43.90 46.07 2.17

SR109 PTD 31.97 39.14 7.17

SR110 PTD 45.76 51.28 5.52

OWN MANUFACTUREDDM001 DYED 0.00 37.46 47.97 10.51 0.00

DM002 DYED 34.83 40.65 5.82 27.33 33.47 6.14

DM007 DYED 28.72

DM041 PTD 83.45 93.6 10.15 81.46 87.08 5.62

DM002 DYED 28.72

DM074 PTD 40.35

-- 35 --

22010-2011 2009-2010


39/127


PROCESS FABRIC



tion tion

DM114 PTD 62.6 69.36 6.76

DM126 DYED 41.85 51.28 9.43

DM127 PTD 0.00 0.00 0.00

DM139 PTD 52.76 71.10 18.34DM148 PTD 59.64 77.49 17.85 52.53 60.93 8.40 56.03

DM158 PTD 40.94 48.54 7.60

DM174 PTD 42.79

DM177 DYED 45.51 64.01 18.50 44.91 48.27 3.36

DM177 PTD 57.62 73.94 16.32 54.21 56.09 1.88 57.83

DM187 PTD 54.36 61.36 7.00

DM190 PTD 53.57 51.05 -2.52

DM193 PTD 50.89

DM218 DYED 43.12

DM219 PTD 56.90

DM221 PTD 55.97

DM230 PTD 38.37 41.79 3.42

DM231 PTD 42.20 45.58 3.38

DM232 DYED 48.99 56.89 7.90 49.23 52.77 3.54DM233 PTD 49.29 55.81 6.52 52.78 47.94 -4.84

DM234 PTD 62.94 63.66 0.72

DM235 PTD 64.07 70.52 6.45 61.03 62.95 1.92

DM239 DYED 56.56 64.28 7.72

DM240 PTD 61.49 66.16 4.67

DM241 PTD 79.93 90.52 10.59

DM242 PTD 69.18 76.62 7.44

DM243 DYED 67.87 72.39 4.52

DM244 DYED 46.22 59.91 13.69

DM244 PTD 58.26 80.09 21.83

DM245 PTD 72.65 74.28 1.63

DM246 PTD 64.02 73.17 9.15

DM247 PTD 54.44 55.83 1.39

-- 36 --

2010-2011 2009-2010 2


40/127


PROCESS FABRIC



tion tion

SR005 DYED 37.85 47.88 10.03 41.56 60.03 18.47 35.08SR005 PTD 51.52 64.00 12.48 48.43 54.53 6.10 49.62

SR009 DYED 45.71 55.87 10.16 40.41 43.60 3.19 41.44

SR009 PTD 56.05 69.23 13.18 52.69 59.50 6.81 56.18

SR013 DYED 0.00 28.67 31.37 2.70

SR013 PTD 37.38 46.18 8.80 38.74 41.99 3.25 42.77

SR014 PTD 0.00 0.00 48.75

SR027 PTD 63.56 66.20 2.64

SR067 PTD 56.92 74.95 18.03 49.67 55.39 5.72

SR078 PTD 54.27 71.73 17.46 52.17 57.90 5.73 58.46

SR079 PTD

SR080 PTD 0.00 0.00 35.29

SR003 DYED 60.21 83.07 22.86

SR086 PTD 61.41SR087 PTD 83.03 95.41 12.38 73.99 89.74 15.75

SR101 PTD 0.00 55.27

SR102 PTD 0.00 48.64

SR107 PTD 49.81 67.33 17.52

SR108 PTD 45.74 60.08 14.34

SR109 DYED 51.69 76.03 24.34

SR109 PTD 56.63 75.13 18.50

SR110 PTD 37.01 45.62 8.61

-- 37 --

2009-2010 22010-2011


41/127

MARGIN AS PER UNIT OF OUTPUT

SIZING

Denier Cost of Sales Margin Cost of Sales Margin Cost of Sales

Sale Realiasation Sale Realiasation Sale Realiasatio

SS-001 142.28 160.6 18.32 136.09 132.06 -4.03 132.59 135.28

SS-004 119.61 138.10 18.49 110.02 128.30 18.28 120.47 129.58

SS-003 115.65 127.53 11.88 112.45 121.89 9.44 118.29 132.94

SS-002 130.84 145.28 14.44 118.45 131.13 12.68 125.96 130.43

SS-005 182.63 188.16 5.53 180.57 176.68 -3.89 173.88 168.05SS-006 163.91 182.98 19.07 160.34 182.06 21.72 181.88 194.66

SS-007 173.31 199.78 26.47 190.54 182.18 -8.36

SS-008 157.73 168.03 10.30 159.40 156.60 -2.80

DRAW WARPING

WDS-001 107.44 130.12 22.68 100.87 121.52 20.65 93.25 106.37

WDS-004 87.52 116.83 29.31 81.15 100.33 19.18 87.65 95.75

WDS-003 90.79 107.2 16.41 83.38 102.24 18.86 83.05 103.22

WDS-005 0 117.63 127.51 9.88 111.35 118.82

WDS-002 98.20 120.47 22.27 86.15 108.82 22.67 92.68 108.56

WDS-006 146.02 157.86 11.84 123.53 144.58 21.05 141.59 155.95

WDS-007 127.44 154.34 26.90

WDS-008 119.61 135.04 15.43 139.17 148.56 9.39

-- 38 --

2009-2010 2008-20092010-2011


42/127

22 - COMPETITIVE MARGIN AGAINST IMPORTS:

Particulars Current 1st Previou2nd Previous

Year Year Year

1. Name of product

2. Estimated demand of the product in the country*

3. Total production in the country*

4. Quantities imported in the country**

5. Total production by the Company

6. '%age share of the company in total inland production

(item 5/item 3)

7 (a) Cost of production per unit (Inland sale)

(b) Cost of sale per unit (Inland sale)

Cost of production per unit (Export sale)

d) Cost of sale per unit (Export sale) NOT APPLICABLE

8. Quantity of product imported by the Company **

9. FOB value of quantity imported in the Country **

10. Weighted average FOB rate of quantities imported

by the Company (item 9/item 8)**

11. FOB value of quantity imported in the country **

12. Weighted average FOB rate of quantities imported

in the country (item 11/item 4)**

13. Competitive margin (item 12 less item 7(A)**

14. Major exporting countries (other than those

listed in item 4 above)

15 (A) Total import duty paid by the Company

(net of CENVAT)

(B) Weighted average rate of import duty paid by the

Company (Net of CENVAT) (item 15(A)/item 8)

16. Bound rate of duty under WTO agreement

Notes:

* Indicate the sources of information

** Countrywide details should be furnished in respect of major countries covering at least 80%

of the total and balance should be shown under the head "Others".

-- 39--


43/127

23. VALUE ADDITION AND DISTRIBUTION OF EARNINGS:

2010-2011 2009-2010 2008-2009

Value Addition (for the products under reference):

1. Gross sales (excluding returns) 36006.83 32419.15 22290.86

2.Less: Excise duty, etc. 0.00 0.00 0.00

3. Net sales 36006.83 32419.15 22290.86

4. Adjustments in stocks 620.40 398.05 -187.99

5. Less: Cost of bought out materials and services 28344.48 24719.09 16209.20

6. Value added for product for this factory -2 8282.75 8098.11 5893.67

6. Value added for product for factory -1 25903.06 19653.14 10940.38

7. Add: Income from any other sources 1760.24 1865.95 3771.61

8. Earnings for distribution 35946.05 29617.20 20605.66

B. Distribution of earnings to:

1. Employees as salaries and wages, retirement benefits, etc. 7297.40 5734.95 4424.60

2. Shareholders as dividend 689.23 689.23 574.363. Retained funds as depreciation, etc 15637.15 12773.15 8770.10

4. Government as taxes (Income Tax) 3428.79 3102.89 2138.45

5. Others, if any-Interest 8893.48 7316.98 4698.15

6. Total 35946.05 29617.20 20605.66

---40----


44/127

24. FINANCIAL POSITION AND RATIO ANALYSIS:

Particulars

for product Company for product Company for product Company

under ref. as a under ref. as a under ref. as a

& factory whole & factory whole & factory whole

1. Capital employed 15511.27 148347.04 18642.20 130832.87 19748.60 117806.46

2. Net Worth x 65230.40 x 57319.03 x 51083.93

3.Profit 5185.92 20997.02 5088.36 16625.86 4051.43 11697.46

4. Net sales 36006.83 340047.99 32419.15 251489.41 22290.86 133160.83

5. Operating expenses as a

percentage of Net Sales:

a) Material cost 53.59 x 53.20 x 51.22 x

b) Factory overheads 2.74 x 1.74 x 2.31 x

c) Royallty on production,

d) Salaries & wages 4.21 x 4.11 x 5.54 x

e) Research & DevelopmentExpenses

f) Quality control

g) Administrative overhead 0.84 x 0.98 x 1.60 x

h) Selling & Distribution 6.33 x 6.94 x 6.95 x

i) Interest 0.82 0.82 3.73

j)Direct Material 1.00 2.29 3.71

kj) Power 7.31 x 6.53 x 7.93 x

l) Depreciation 2.26 x 2.5 x 2.54 x

m) Other Mfg. Expenses 7.56 x 6.21 x 3.20 x

6. Profit as % of capital

employed 33.43 14.15 27.29 12.71 27.35 9.93

7. Profit as % of net worth 0.00 32.19 0.00 29.01 0.00 22.90

8. Profit as % of net sales 14.40 6.17 15.70 6.61 18.18 8.78

9. Profit as % of value addition 62.61 x 62.83 x 68.74 x10.Value addition as % of

Net Sales 23.00 x 24.98 x 26.44 x

11. Current assets to current

liabilities 2.65 2.37 3.89 2.67 5.52 4.11

12.Net working capital in terms

of number of months of cost

of sales excl. depreciation 2.51 x 3.72 x 4.12 x

13. Debt-Equity ratio x 1.78 x 1.69 x 1.67

14. Raw materials stock in

terms of number of months

of consumption 0.80 x 0.77 x 0.55 x

15. Stores & Spare parts stock

in terms of number of monthsof consumption 5.20 x 2.93 x 2.18 x

16. Work-in-progress stock in


of cost of production 0.29 x 0.36 x 0.26 x

17. Finished goods stock in


of cost of sales 1.20 x 1.20 x 1.08 x

---41----

2010-2011 2008-20092009-2010


45/127

25 - CAPITALISATION OF REVENUE EXPENDITURE::

Particulars 2008-2009 2007-2008 2006-2007

1. Raw Materials

(a) Purchased

-Indigenous

- Imported

(b) Self manufactured

2. Direct salaries & wages

N I L

3. Consumable stores

4. Repairs & maintenance

5. Depreciation

6. Factory overheads

7. Administration overheads

8. Other expenses (Specify) Interest 0 0 0

9. Total 0 0 0

10. Capitalisation - Excisable value 0.00 0.00 0.00

11. Capitalisation - Non-excisable value 0 0 0

---42----


46/127

26 - RELATED PARTY TRANSACTIONS:

Briefly describe the transfer pricing policy followed by the company in respect of related party

relationship" as defined in the relevant Cost Accounting Records Rules made under clause (d) ofsub-section (1) of Section 209 of the Act. The following particulars may be furnished with

regard to related party transactions:

Particulars of related Product/ Quantity Rate Amount Normal

party Activity Rs.lakhs price

Surat Textlie Mills Ltd Yarn Purchase 22403.47 Normal

( Associate Company) price

Yaen Sales 6217.72 Normal

price

-43'


47/127

EXCISE DUTY NOT APPLICABLE

27 - CENTRAL EXCISE RECONCILIATION FOR THE PRODUCT UNDER REFERENCE:

Particulars Chapter Chapter Chapter

Heading Heading Heading

Unit: Kg Unit: Kg Unit: Kg

A. QUANTITATIVE DETAILS:

1. Opening stock

2. Add: Production

3. Less: Closing stock

4. Total sales/clearances

1. Opening stock

2. Add: Production

3. Add: Recd other than mfg

3. Less: Closing stock 0

4. Total sales/clearances 0

B. DETAILS OF CLEARANCES Assess- Rate of Amount of

able valueRs duty % Duty Rs.

1. Total clearances (Chap.headingwise) 0 0

2. Less: Duty free clearances (factory) 0 0

3. Excisable clearances (factory) 0 0

4. Penalty/Fine/Interest payable, if any 05. Total Duty payable (total of 3 & 4) 0



1. Total clearances (Chap.headingwise) 0 0

2. Less: Duty free clearances (factory) 0 0


4. Penalty/Fine/Interest payable, if any 0

5. Total Duty payable (total of 3 & 4) 0


---44----


48/127



1. Total clearances (Chap.headingwise) 02. Less: Duty free clearances (factory)






1. Total clearances (Chap.headingwise) 0

2. Less: Duty free clearances (factory)




B. DETAILS OF CLEARANCES Assess- Rate of Amount of able valueRs duty % Duty Rs.










3. Excisable clearances (factory) 0 NIL 0

4. Penalty/Fine/Interest payable, if any 05. Total Duty payable (total of 3 & 4) 0

---45----


49/127

C. SUMMARY OF CENVAT CREDIT Total

1. Opening balance 0

1A. Less: Transferred to PFY Divn, Jolva

2. Add: Availed during the year 0

3. Add: Refunds received during the year

4. Less: Closing balance as per excise

records 0

5. Total Cenvat credit utilised during the

year (1+2+3-4) 0

6. Closing balance as per Annual Accounts 0

7. Difference between 4 & 6

8. State amount and reasons for difference

D, RECONCILIATION OF DUTY PAID: Amount Rs.1. Excise Duty payable as per B 0

2. Total exc ise duty paid through:

a) Cenvat Accounts Inputs 0

b) Cenvat Account Capital goods 0

c) PLA 0

Total a + b +c) 0

3. Difference between 1 & 2 0


5. Excise duty as per RT-12 0

6. Difference between 2 & 5 0

7.State amount and reasons for difference

E RECONCILIATION OF DUTY PAID AND RECOVERED: Amount Rs.

1. Excise duty paid as per P&L A/c 0

2.Excise Duty recovered as per P&L A/c 0

3. Difference between duty paid and recovered 0


F. RECONCILIATION OF TURNOVER Amount Rs. Lakhs

1. Turnover as per RT-12 0.00

2. Turnover as per Annual Accounts (Net of

Duties & Taxes) of Exciseable products. 0

3. Difference between 1 & 2 0.00

4. State amount and reasons for differences


---46----


50/127

28. PROFIT RECONCILIATION

Particulars (Amount in lakhs Rupees)

2010-2011 2009-2010 2008-2009

1. Profit or Loss as per Cost accounting records for this factory -2 4885.21 4818.84 2493.73

1. Profit or Loss as per Cost accounting records for factory -1 5397.61 3452.60 1736.37

2. Add: Incomes not considered in Cost accounts:

Misc. income 33.64 46.66 22.01

Insurance Claim

Machinery Rent income 85.71 85.73 0.00

Bad Debts Recovery 19.00 73.00

Income from Investment 394.09 334.19 609.40

Debit balance written off 0 79.87

Share of Profit in partnership firm

Excise duty refund relating to previous Year 2600.00

Profit on sale of Fixed Assets 0.00 21.99 13.23

Sub Total Other income 532.44 641.44 3244.64

3. Less: Expenses not considered in Cost accounts:

Debit balance written off 120.00

Share of Loss on Partnership firm 9.98 108.11

Donation 7.88 0.47 55.48

Under Recovery of Expenses in Draw Winding

due To Low Capacity Utilisation 108.89 281.32 250.25

Excise Duty relating to previous year

Loss on sale of fixed Assets 268.80

Sub Total Other expenses 515.55 389.90 305.73

4. Stock Difference between Financial Accounts & Costing

Add: Overvaluation of closing stock in financial accounts 2475.25 674.88Less: Over- Valuation of opening stock in financial accounts 674.88 196.21

Less: Under valuation of closing stock in financial accounts 111.02

Add: Under valuation of opening stock in financial accounts 111.02

Profit for other activities 3.46 0.00 137.53

Profit as per Financial Accounts 12103.54 9308.88 6999.31

Signature Sd Signature Sd Signature Sd

Name V. SRINIVASAN Name Kamlesh Vyas. Name

Cost Auditor Company Secretary Director Seal Stamp Stamp

Date 30-07-2011 Date Date

-47 --


51/127

PROFORMA

NAME OF THE COMPANY: GARDEN SILK MILLS LTD.

NAME AND ADDRESS OF THE FACTORY: VARELI, TALUKA PALSANA, DIST. SURAT.

Statement showing summary cost of sales, sales realization and margin in respect of each type of,

Polyester product, produced or manufactured and sold During the year 31-03-2011

Denier/Type/Quality of the Product WDS-008 DRAW WARPINGA Quantitative Information: Kgs

Sr.No Particulars Current Previous

Year Year

1 Quantity Produced 258015 51946

2 Quantity sold

a) Domestic 175056 652

b) Export

3 Closing stock (finished goods) 4394

4 Opening stock (finished goods) 0

B: Cost Information

Sr.No Particulars Quantity Rate Amount

1 Material Cost :- Current Year Pre Yea

i) Purchased(POY) 258015 22460737 87.05 109.03

ii) Own manufactured

b) Process material

f) Total Material cost 258015 87.05 22460737 87.05 109.03

2 Conversion Cost 6600363 25.58 20.24

3 Sub Total (1+2) 258015 112.63 29061100 112.63 129.27

4 Stock Adjustment (work in process)

Opening Stock WIP

Closing Stock WIP

5 Less Credit for Wastages

6 Packing

Material Cost 224473 0.87 0.85

Others

7 Cost of Production(3+4-5+6) 258015 113.50 29285573 113.50 130.128 Finished Goods Purchased

9 Stock Adjustment (Finished Products)

Opening Stock 0 0

Closing Stock -4394 113.50 -498734

10 TOTAL(7+8+9) 253621 113.50 28786839 113.50 130.12

11 Transfer for Sale 175056 113.50 19869447 113.50 130.12

Transfer for Captive Consumption 78565 113.50 8917393

12 Administrative Overheads 202240 1.16 1.47

13 Selling & Distribution Expenses:-

a) Wages & salaries 19481 0.11 0.79

b)Commission & Discount 649830 3.71 5.58

c) Others

TOTAL 669311 3.82 6.3614 Interest 197430 1.13 1.22

15 Bonus

16 Gratuity `

17 Total cost of Sales excluding excis 175056 20938428 119.61 139.17

duty (11 to 16)

18 Total Sales realisation excluding Excise 23640342 135.04 148.56

19 Margin (18-17) 175056 2701914 15.43 9.39

-48 --

Cost per Kg


52/127

PROFORMA





Denier/Type/Quality of the Product WDS-006 DRAW WARPING

A Quantitative Information: Kgs


Year Year


2 Quantity sold

a) Domestic 15345 82816

b) Export

3 Closing stock (finished goods) 5022

4 Opening stock (finished goods) 0

B: Cost Information



i) Purchased(POY) 94971 118.82 11284568 118.82 113.75ii) Own manufactured

b) Process material


2 Conversion Cost 1822112 19.19 15.18

3 Sub Total (1+2) 94971 138.01 13106680 138.01 128.93


Opening Stock WIP

Closing Stock WIP


6 Packing

Material Cost 82625 0.87 0.85

Others

7 Cost of Production(3+4-5+6) 94971 138.88 13189305 138.88 129.78

8 Finished Goods Purchased9 Stock Adjustment (Finished Products)

Opening Stock

Closing Stock -5022 138.88 -697441

10 TOTAL(7+8+9) 89949 138.88 12491864 138.88 129.78


Transfer for Captive Consumption 74604 138.88 10360793 138.88 129.78

12 Administrative Overheads 20724 1.35


a) Wages & salaries 1996 0.13

b)Commission & Discount 66588 4.34

c) Others

TOTAL 68584 4.4714 Interest 20231 1.32

15 Bonus

16 Gratuity `

17 Total cost of Sales excluding excise- 2240609 146.02

duty (11 to 16)

18 Total Sales realisation excluding Excise 2422424 157.86

19 Margin (18-17) 15345 181815 11.85

-49 --

Cost per Kg


53/127

PROFORMA








Year Year


2 Quantity sold

a) Domestic 3388007 3745613

b) Export

3 Closing stock (finished goods) 78588 1871

4 Opening stock (finished goods) 1871 906

B: Cost Information



i) Purchased(POY) 3883043 331372040 85.34 80.48ii) Own manufactured

b) Process material


2 Conversion Cost 59600008 15.35 12.14

3 Sub Total (1+2) 3883043 100.69 390972048 100.69 92.63


Opening Stock WIP

Closing Stock WIP


6 Packing

Material Cost 3378247 0.87 0.85

Others


8 Finished Goods Purchased9 Stock Adjustment (Finished Products)

Opening Stock 1871 93.48 174892

Closing Stock -78588 101.55 -7980858

10 TOTAL(7+8+9) 3806326 101.55 386544329 101.55 93.47





a) Wages & salaries 363286 0.11 0.64


c) Others

TOTAL 12481441 3.68 5.2014 Interest 3681713 1.09 0.99

15 Bonus

16 Gratuity

17 Total cost of Sales excluding excise- 363997287 107.44 100.87

duty (11 to 16)


19 Margin (18-17) 3388007 76852439 22.68 20.65

-50 --

Cost per Kg


54/127

PROFORMA







Year Year


2 Quantity sold

a) Domestic 1731965 3904

b) Export



B: Cost Information



i) Purchased(POY) 1880957 196089887 104.25 101.85


b) Process material


2 Conversion Cost 28870409 15.35 12.14

3 Sub Total (1+2) 1880957 119.60 224960296 119.60 113.99


Opening Stock WIP

Closing Stock WIP


6 Packing

Material Cost 1636433 0.87 0.85

Others



Opening Stock 991 113699

Closing Stock -48486 120.47 -5840906

10 TOTAL(7+8+9) 1833462 120.47 220869522 120.47 114.73





a) Wages & salaries 220276 0.13 0.76


c) Others

TOTAL 7568055 4.37 6.1914 Interest 2232387 1.29 1.18

15 Bonus

16 Gratuity


duty (11 to 16)


19 Margin (18-17) 1731965 46577202 26.89 21.05

-51 --

Cost per Kg


55/127

PROFORMA







Year Year


2 Quantity sold

a) Domestic 1956470 2867899

b) Export



B: Cost Information



i) Purchased(POY) 2035977 161060537 79.11 68.55

ii) Own manufactured 0 0

b) Process material 0 0


2 Conversion Cost 0 26041484 12.79 10.12

3 Sub Total (1+2) 2035977 91.90 187102021 91.90 78.67


Opening Stock WIP

Closing Stock WIP


6 Packing

Material Cost 1771300 0.87 0.85

Others



Opening Stock 2699 79.52 214635

Closing Stock -19351 92.75 -1794812

10 TOTAL(7+8+9) 2019325 92.75 187293144 92.75 79.52





a) Wages & salaries 194234 0.10 0.57


c) Others

TOTAL 6673316 3.41 4.6614 Interest 1968461 1.01 0.89

15 Bonus

16 Gratuity


duty (11 to 16)


19 Margin (18-17) 1956470 43582797 22.28 22.67

-52 --

Cost per Kg


56/127

PROFORMA







Year Year


2 Quantity sold

a) Domestic 3375905 6793060

b) Export



B: Cost Information



i) Purchased(POY) 3524066 261233402 74.13 67.70


b) Process material


2 Conversion Cost 38635817 10.96 8.67

3 Sub Total (1+2) 3524066 85.09 299869219 85.09 76.38


Opening Stock WIP

Closing Stock WIP


6 Packing

Material Cost 3065937 0.87 0.85

Others



Opening Stock 6858 77.23 529617

Closing Stock -8468 85.94 -727781

10 TOTAL(7+8+9) 3522456 85.94 302736992 85.94 77.23





a) Wages & salaries 298217 0.09 0.54


c) Others

TOTAL 10245867 3.03 4.3814 Interest 3022274 0.90 0.84

15 Bonus

16 Gratuity


duty (11 to 16)


19 Margin (18-17) 3375905 55382594 16.41 18.86

-53 --

Cost per Kg


57/127

PROFORMA








Year Year


2 Quantity sold

a) Domestic 1590335 672115

b) Export



B: Cost Information



i) Purchased(POY) 1822105 129633446 71.14 66.09ii) Own manufactured

b) Process material


2 Conversion Cost 18644739 10.23 8.10

3 Sub Total (1+2) 1822105 81.38 148278185 81.38 74.19


Opening Stock WIP

Closing Stock WIP


6 Packing

Material Cost 1585231 0.87 0.85

Others


8

Documents

Gsm Cost Audit Report Vareli 10-11 Final