Schedule

As on 31.03.99
(Rupees)

As on 31.03.98
(Rupees)

INCOME

Sale of Products

428,264,985.46

424,546,610.80

Incentive on Exports

21,465,331.90

28,630,967.40

Other Income

14

3,385,645.16

2,683,705.56

Increase(Decrease) in Stocks

15

   8,485,419.77

   (3,283,932.56)

461,601,382.29

452,577,351.20

EXPENDITURE

Materials Consumed

16

258,367,319.33

286,363,257.84

Excise Duty

38,690,731.29

29,994,143.71

Employee Costs and Benefits

17

17,065,048.12

13,752,899.04

Other expenses

18

99,631,774.52

82,530,613.82

Interest

19

19,340,253.02

15,548,080.05

Depreciation

-

  7,588,771.02

  6,974,210.68

-

440,683,897.30

435,163,205.14

Profit before Tax

-

20,917,484.99

17,414,146.06

Provision for Taxation

-

3,250,000.00

1,750,000.00

Profit after tax

17,667,484.99

15,664,146.06

Short Provision of Expense of earlier years

-

2,658,347.51

990,551.58

Short Provision of Tax for earlier years (Net)

-

167,687.00

942,782.00

Profit of erstwhile Savitri Pesticides &
Agrochem Limited for the period
1st April,1995 to 31st March 1997

-

-

6,133,037.77

Profit of erstwhile Vayaz Indian Pesticides Private Limited for the period
1st April,1995 to 31st March 1997

-

                -

   750,113.78

14,841,450.48

20,613,964.03

Balance brought forward

41,678,058.51

34,348,617.88

Balance available for appropriations

-

56,519,508.99

54,962,581.91

Appropriations

Proposed Dividend

-

-

6,936,513.00

Arears of dividends payable to the shareholders of the erstwhile Savitri Pesticides & Agrochem Limited and erstwhile Vayaz Indian Pesticides Private Limited (Refer directors Report)

-

-

5,140,326.40

Tax on Distributed Profits

-

-

1,207,684.00

Transfer To General Reserve

-

11,957,434.35

-

Balance Carried to Balance Sheet

-

44,562,074.64

41,678,058.51

Notes to Accounts

20

-

-