Dabur NepalPrivateLimited

8/9/2019 Dabur NepalPrivateLimited

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DABUR NEPAL PRIVATE LIMITEDANNUAL REPoRT foR ThE fINANcIAL yEAR ENDED 31sT MARch, 2009


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cntent

Diretr Reprt 1

Auditr Reprt

Balane seet 6

Prit & L Aunt 7

statement ca flw 8

sedule 9

Aunting Pliie & Nte t Aunt 14


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1

DIREcToRs REPoRT

T,

Te Member,

Ti reprt preented b ur Diretr in repet finanial ear ended n 31t Mar 2009 a been made ut r te limited

purpe in term etin 212(2)(b) Indian cmpanie At,1956. Puruant t etin 212(2)(a) and etin 212(2)(b) Indian

cmpanie At, te Balane seet Dabur Nepal Private Limited a n 31t Mar 2009 and te Prit & l Aunt r te ear

ended n tat date dealt wit b ti reprt ave al been made ut in ardane wit te requirement Indian cmpanie At

1956,wi ave been ertiied b an Indian irm cartered Auntant tereb making ut te audit reprt tere in ardane

wit te requirement Indian cmpanie At,1956.

FINANCIAL RESULTS

Te finanial reult drawn in ardane wit Indian cmpanie At are a llw:

(R in la)

Particulars 2008-09 2007-08

sale (inluive oter Inme) 27,333.35 24,639.97

Prit bere Tax 17.52 566.74

Le: Prviin r Tax-urrent 2.74 125.93

Net prit ater tax 14.78 440.81

Balane brugt rward 5,467.50 5,039.09

Additinal Prviin Related t Earlier year

Inme Tax Adjutment r Previu year 12.40 12.40

oter Adjutment r Previu year - 2.24

Prit available r apprpriatin 5469.88 5467.50

Apprpriatin/allatin:Interim DividendTranerred

t general reerve

-- --

Balane arried ver t balane eet 5469.88 5467.50

OPERATIONS AND ACTIVITY

During te ear, te Dmeti sale ur cmpan a been inreaed b 11.1%. Ti grwt in ale i aieved depite te 1

mnt lng atr lure during te mnt Augut september 2008.

In retrpet t fy 2008-09, te reein a rippled te wrld enm. A a reult ti, te mmdit prie tued k

ig wit te prie rude il ring UsD 140 per barrel. similarl, te t ter input a al inreaed. furter, during

te ear, tere wa uge appreiatin in te value UsD, reulting in uge exange l t te cmpan. A a reult tee

atr, te Prit ater Tax ur cmpan a dereaed igniiantl.

FUTURE OUTLOOK

Te Glbal enm i paing trug te evere reein. Te market demand wrldwide a redued arpl aeting te wrld

enm negativel, and Nepal i al nt an exeptin t ti. Depite tee negative atr, ur cmpan a a ver prative

buine plan, and taken uiient meaure t enure te ealt ale and prit grwt alng wit und inanial ealt.

EXPANSION/MODERNIZATION

During te ear, ur cmpan a arried ut te reidue ativitie te mpletin prjet initiated in fy 2007-08, and

ardingl a mpleted te TBA 22 prjet. furter, prjet r expanin strage pae and upgradatin LabratrEquipment a been arried ut.

MEDICINAL PLANTS PROJECT

yur cmpan a aieved el uiien in endangered pie like Akarkara, ciraita and satavari during ti inanial ear, and

a tarted t explre te exprt market r tee prdut r elling urplu material. In ti regard, ur cmpan a diplaed

all it ultivated prdue in te Wrld herbal fair eld in Dubai in te mnt Nvember 2008.

A a meaure Publi Private Partnerip (PPP), Memrandum Undertanding wit Intitute fretr, hetauda (Minitr

fret) a been entered int r etabliing Trial and Demntratin mediinal and armati plant at te Intitute premie

and citwan fret Uer Grup. Ti initiatin will elp t redue te t grwing tee plant ine we need nt ave t pa

rent r utilizatin Land, and will al elp t generate extra revenue ine ti mdule peratin a been entered int in te

prit aring bai.


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2

DIRECTORS

During te ear, Mr. c. Man, Diretr ad reigned rm te diretrip te cmpan w.e.. 12t Ma 2008. Te Bard plae n

rerd it gratitude r te valuable ervie rendered and guidane prvided b Mr. c. Man during i tenure wit te cmpan.

furter, during te ear, Mr. Amit Burman, Diretr te cmpan a been appinted a Wle Time Diretr te cmpan.

furter, during te ear, Mr. Adita Burman a been appinted a Wle Time Diretr te cmpan.

INTERNAL CONTROL SYSTEM

Te cmpan a a prper and adequate internal ntrl tem t enure aeguard and prtetin all aet and tat te

tranatin are autrized, rerded and reprted rretl. Te cmpan internal ntrl tem mprie audit and mpliane

b internal audit ek rm Prie Waterue cper Private Limited, India, te Internal Auditr. Te Internal Auditr independentlevaluate te adequa internal ntrl and nurrentl audit te majrit te tranatin in value term. Independene te

Audit and mpliane i enured b te Diret Reprting Internal Auditr t te Management cmmittee te Bard.

furter, in rder t urter trengten te Internal cntrl tem te cmpan, ur cmpan a ueull implemented te

sAP tem integrating te all area peratin.

DIVIDEND

In view lw prit r te ear, ur Diretr d nt prpe an dividend r te ear.

FIXED DEPOSITS

N ixed depit a been aepted during te ear.

DIRECTORS RESPONSIBILITY STATEMENT

Puruant t te requirement under setin 217(2AA) te cmpanie At, 1956, wit repet t Diretr Repnibilit statement,

te Diretr nirm:i) Tat in te preparatin te annual aunt, te appliable aunting tandard ave been llwed and n material

departure ave been made rm te ame;

ii) Tat te ad eleted u aunting pliie and applied tem nitentl and made judgment and etimate tat are

reanable and prudent a t give true and air view te tate aair te cmpan at te end te inanial ear and

te prit te cmpan r tat perid;

iii) Tat te ad taken prper and uiient are r te maintenane adequate aunting rerd in ardane wit te

prviin te cmpanie At, 1956 r aeguarding te aet te cmpan and r preventing and deteting raud and

ter irregularitie;

iv) Tat te ad prepared te annual aunt n a ging nern bai.

AUDITORS REPORT

Te bervatin Auditr in teir reprt read wit te relevant nte t aunt in edule 21 are el-explanatr and d nt

require urter explanatin.

PARTICULARS OF EMPLOYEES

Partiular Emplee a required under setin 217(2A) te Indian cmpanie At, 1956 read wit cmpanie (Partiular

Emplee) Rule, 1975 a amended are given in Annexure 1 t te Diretr Reprt.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO

A. Conservation of Energy

a. Energy Conservation Measures Taken

yur cmpan a taken llwing energ nervatin meaure during te ear

VfD Drive in Pump & Mtr fruit setin a been intalled.

steam line sugar srup Preparatin Tank a been mdiied t tp ntant draining team.

Jaketed Tank a been replaed b PhE in hne setin r attaining deired filtratin & filling temperature.

Term eiient cil ave been anged in cker cand setin.

Energ eiient Rerigeratin Unit (bt cndenatin & Evapratin Unit) a been intalled in newl ntruted cldstre.

Autmati Pwer fatr cntrl stem wit 1300 KVAR capaitr Bank t attain P.f. 0.98 rm preent 0.89 a been

mmiined.

b. Additional Investments and Proposals, if any, being Implemented for Reduction of Consumption of Energy

In rder t imprve te NEA Pwer uppl n ntinuu bai and, in turn, redutin DG peratin, a prjet i ging n

t btain dediated feeder and dediated tranmiin line rm NEA ubtatin t atr.

Initiatin ave been taken r prurement Gaiire Unit t prdue Prduer Ga rm Rie huk/Bima t replae f.o.

a Biler fuel.

c. Impact of the Measures taken at (a) & (b) above for Reduction of Energy Consumption and Consequent Impact on the

Cost of Production of Goods


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Annual saving apprximatel INR 25 la n overead rm meaure taken in (a).

Annual saving apprximatel INR 100 la n overead rm meaure taken in (b).

d. Total energy consumption and energy consumption per unit as per Form A attached herewith as Annexure 2.

B. Technology Absorption

Ert made in tenlg abrptin a per rm B i attaed erewit a Annexure 3.

C. Foreign Exchange Earnings and Outgo

Ttal freign Exange Ued during 2008-09: INR 1,21,68.32 la.

Ttal freign Exange Earned during 2008-09: INR 194.18 la.

ACKNOWLEDGEMENT

yur Diretr wi t plae n rerd teir appreiatin r te ntinued upprt and -peratin extended b Dabur India Limited,

sarelder, Dealer, cutmer and all te emplee te cmpan.

Te al wi t plae n rerd teir inere appreiatin r te -peratin, aitane and guidane reeived rm variu

ier te Gvernment Nepal and Gvernment India.

on beal te Bard Diretr

Pradip Burman

(cairman)

Date : 7t April, 2009


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4

Annexure 1

Statement of particulars of employees pursuant to the provisions of Section 217(2A) of the Companies Act, 1956 read with

Companies (Particulars of Employees) Rules, 1975and forming part of the Directors Report for the Year Ended 31st March

2009

Name Deignatin/Nature

Dutie

Qualiiatin Experiene

(in year)

Remuner-

atin

Date

Appint-

ment

Age

(in year)

Partiular Lat Em-

plment

1. Mr. Amit Burman Wle Time Diretr MBA, cambridge,

UK

19 39,16,978 3-Mar-08 39 cie Exeutive oier

- Dabur fd Limited

2. Mr. cetan Burman Exeutive Diretr BA in Buine Ad-

minitratin, UK

18 20,00,723 1-Ma-05 37 D. General Manager

- sale & Mktg., Dabur

India Limited

3. Adita Burman* Wle Time Diretr B. s. 5 5,18,055 12-Aug-08 29 freeniu Kabi onl-

g Limited (Earlier

knwn a Dabur Par-

ma Limited)

7. Mr. Udaan Gangul cie Exeutive Di-

retr

B. A (Enmi),

PGDBM (Market-

ing)

20 47,24,417 1-Aug-06 43 General Manager -

sale, (Nrt India &

Nepal) Glax smit-

Kline cnumer healt-

are Ltd.

5. Mr. Indranil Gupta head operatin B.E. Meanial 18 40,74,459 1-Aug-07 39 sine 2005 till Jul 2007

wit DILTenial head-

Ie cream Buine,

Unilever, India

3. Mr. Atul Nagar DGM Purae B.s. & Diplma

in Imprt & Exprt

Management and

Material Manage-

ment

31 26,06,250 1-sep-06 53 sine 1981 till Aug 2006

wit DIL a sr. Manager

Purae

Nte:-

1. Gr Remuneratin wn abve i ubjet t Tax and mprie alar inluding arrear, allwane, rent, medial

reimburement, leave travel beneit, prvident und, superannuatin und & gratuit in term atual expenditure inurred b

te cmpan.

2. All te emplee ave adequate experiene t diarge te repnibilitie aigned t tem.

3. Nne te emplee mentined abve i a relative an diretr.

4. Aterik (*) againt a name indiate tat te emplee i/wa in ervie r part te ear.5. Nature emplment i n ntratual bai exept in te ae diretr we term ave been apprved b

arelder.


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5

Annexure 2

foRM - A(see Rule 2)

Form of Disclosure of particulars with respect to Conservation of Energy

1. Eletriita) Puraed

Unit 76,45,711 77,80,013

Ttal Amunt (INR) 2,78,89,836 2,80,05,082

Rate per Unit (INR) 3.6 3.6

b) own Generatin

i) Trug Dieel Generatr

Unit 20,66,675 20,62,551

Unit Per Liter Dieel 2.10 3.6

ct Per Unit (INR) 10.25 10.41

ii) Trug steam Turbine/Generatr

Unit Nil Nil

Unit Per Liter fuel oil Nil Nil

ct Per Unit (INR) Nil Nil

2. cal (spei Qualit and Were Ued)

Quantit (MT) Nil Nil

Ttal ct (INR) Nil Nil

Average Rate Per Tn (INR) Nil Nil

3. furnae oil

Quantit (MT) 982.50 1,308.8

Ttal ct (INR) 2,68,70,948 2,28,79,279

Average Rate Per Tn (INR) 27,349.36 17,481.11

4. oter Internal Generatin

a) hsD

Quantit (KL) 819.09 660.96

Ttal ct (INR) 2,43,16,734 1,85,28,665

Average Rate per KL (INR) 2,9687.5 28032.96

b) LDo

Quantit (KL) Nil Nil

Ttal ct (INR) Nil Nil

Average Rate per KL (INR) Nil Nil

B. cnumptin per Unit Prdutin

Te cmpan i engaged in prdutin variet prdut; ene te igure numptin per unit

prdutin are nt aertainable.


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6

Annexure 3

frm B

(see Rule 2)

Form of Disclosure of particulars with respect to Technology Absorption, Research and Development (R&D)

Research and Development

1. speii Area in Wi R&D carried b te cmpan ------NIL-------

2. Beneit Derived a a Reult te Abve R&D -------NA-------

3. future Plan Atin -------NIL-------

4. Expenditure n R&Dcapital -------NIL-------

b. Reurring -------NIL-------

. Ttal -------NIL-------

d. Ttal R&D expenditure a a perentage Ttal Turnver -------NIL-------

Technology Absorption, Adoption and Innovation

s .

N.

Partiular Remark

1. Ert in brie, made tward

tenlg abrptin,

adaptatin and innvatin

Intallatin tate te art cld stre r keeping frzen fruit cn.

Intallatin hig Preure ht Water Jet leaning stem in fruit Juie setin.

Intallatin hunter Lab t ae te lr parameter fruit Juie in fruit Juie setin.

Intallatin n-line stikering ailit n ea 1Ltr pak in fruit Juie setin.Intallatin n line bttle waing tem in Lemneeze setin.

Intallatin n line ding tem in LDM paking line.

cmmenement prdutin hajmla Pudina Tablet.

Intallatin online filtratin & filling ailit hne.

Intallatin oil Expeller & filtratin stem r Badam Tel manuaturing.

Intallatin ig end Lab Intrument viz.

hig Perrmane Liquid crmatgrap (hPLc) r etimatin purit, aa, et;

Ga crmatgrap (Gc) r etimatin att Aid, flavr, Perume, et.

Karl fier Apparatu r ree Water determinatin

Edge cru Teter, coBB Teter & cmprein strengt Teter r anali cB Bx/tra & ter PM.

2. Beneit derived a a reult

te abve ert e.g. prdut

imprvement, t redutin,

prdut develpment, imprtubtitutin, et.

ct Redutin (cld stre)

Pre Imprvement (on line Unit operatin like stikering/Bttle Waing/cding/filtratin et.)

Prdut. Develpment (Pudina hajmla Tablet, sweet Badam Tel)

Qualit Imprvement (hunter Lab, oter Lab Intrument)

3. In ae impr ted

tenlg (imprted during

te lat 5 ear rekned rm

te beginning te inanial

ear) llwing inrmatin

ma be urnied

a)Tenlg imprted

b) year imprt

) ha tenlg been ull

abrbed

I nt ull abrbed, area

were ti a nt taken

plae, rean terere and

uture plan atin.

NA


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AUDIToRs REPoRT

We ave veriied te attaed Balane seet Dabur Nepal Private Limited, (inrprated at Nepal) a at 31t Mar, 2009 and

it Prit & L Aunt and te ca flw statement r te ear ended n tat date, all being made ut in ardane wit te

requirement Indian cmpanie At, 1956, rm te audited aunt te bd rprate under te tatute te untr it

inrpratin and additinal ertiied return wi ave been relied upn b u (reer nte n. B(1), sedule N Nte t A-

unt). Tee inanial tatement are te repnibilit te bd rprate management. our repnibilit i t expre an

pinin n tee inanial tatement baed n ur audit.

We nduted ur audit in ardane wit auditing tandard generall aepted in India. Tee tandard require tat we plan

and perrm te audit t btain reanable aurane abut weter te inanial tatement are ree material mitatement. An

audit inlude, examining n a tet bai, evidene upprting te amunt and dilure in te inanial tatement. An audit al

inlude aeing te aunting priniple ued and igniiant etimate made b management, a well a, evaluating te verall

inanial tatement preentatin. We believe tat ur audit prvide a reanable bai r ur pinin.

i. A required b te cmpanie (Auditr Reprt) order 2003 iued b te central Gvernment in term etin 227 (4A)

te Indian cmpanie At, 1956, we enle erewit in te annexure a tatement te matter peiied terein.

ii. We ereb reprt tat

a) Prper return neear r making ut te aunt in ardane wit te requirement Indian cmpanie At, 1956, were

reeived b u.

b) We ave btained te inrmatin and explanatin wi t te bet ur knwledge and belie were neear r te

purpe audit.

) Prper bk aunt, ave been kept b te bd rprate.

d) Te Balane seet and Prit & L Aunt dealt wit b ti reprt ave been made ut rm te igure wi are in agree-

ment wit te bk aunt.

e) subjet t Nte N.11 Nte t Aunt, Balane seet and Prit & L Aunt ave been prepared in due mpliane

aunting tandard reerred t in ub-etin (3c) etin 211 cmpanie At 1956.

) In ur pinin and arding t te inrmatin and explanatin given t u, te aunt a made ut erein read wit

ter nte appearing in sedule N give te inrmatin required b te cmpanie At 1956, in te manner required

t te extent pible and pratiable and give a true and air view in nrmit wit te aunting priniple generall a-

epted in India ;

(i) In te ae Balane seet, te state Aair te bd rprate a at 31t Mar 2009 and

(ii) In ae Prit & L Aunt te prit te bd rprate r te ear ended n tat date; and

(iii) In te ae ca flw tatement, te a lw te bd rprate r te ear ended n tat date.

fr G Bau & c

cartered Auntant

J.N. DhAR

Partner

(M. N. 007117)


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ANNEXURE To ThE AUDIToRs REPoRT As REfERRED To IN PARA I of ThE sAID

REPoRT of EVEN DATE.

1 a. Te bd rprate a maintained prper rerd wing ull partiular inluding quantitative detail and ituatin ixed

aet.

b. Te ixed aet ave been piall veriied b te Management at reanable interval. N material direpanie between

bk rerd and te pial inventrie ave been ntied n u veriiatin.

. fixed aet diped during te ear were nt material enug t aet te ging nern identit te bd

rprate.2 a. Te inventrie ave been piall veriied at reanable interval b te management.

b. Te predure pial veriiatin inventrie llwed b te management are reanable and adequate in relatin t

te ize te bd rprate and te nature it buine.

. on te bai ur examinatin te rerd inventr, we are te pinin tat te bd rprate i maintaining

prper rerd inventr.

Te direpanie ntied n veriiatin between te pial tk and bk rerd were nt material and ave been

prperl dealt wit in te bk aunt.

3 Te bd rprate a nt granted an lan r advane te nature lan (eured r uneured) t an diretr, bd

rprate, mpan, irm r partie in wi diretr are intereted.

4. Te bd rprate a nt taken an re uneured lan during te ear. Te bd rprate ad aepted uneured lan

R. 48.13 la in te previu ear, wi remain uttanding at te ear end. Te bd rprate i regular in pament

interet due. sine te repament te lan a till nt been demanded, te quetin pament priniple due de

nt arie. Term & nditin te lan are nt prima-aie prejudiial t te interet te bd rprate.

5. In ur pinin and arding t te inrmatin and explanatin given t u tere i an adequate internal ntrl temmmenurate wit te ize te bd rprate and te nature it buine r purae inventr and ixed aet

and n te ale gd. During te ure ur audit n majr weakne a been ntied in te internal ntrl. We

ave nt berved an ailure n te part te bd rprate t rret majr weakne in internal ntrl tem.

6. Arding t inrmatin and explanatin given t u, te tranatin purae and ale wit te diretr r mpanie,

irm r partie were te diretr are intereted, ave been made at prie wi are reanable aving regard t prevailing

market prie at te relevant time.

7. Te bd rprate a nt aepted depit rm an ure witin te meaning Aeptane Depit Rule under

Indian cmpanie At, 1956.

8. Te bd rprate a reanabl an adequate internal audit tem mmenurate wit it ize and nature buine.

9. setin 209 (i) (d) te cmpanie At, 1956, i nt appliable t te bd rprate.

10. a. Arding t inrmatin and explanatin given t u, te bd rprate i depiting wit apprpriate autritie undiputed

tatutr due t te extent appliable t it.

b We ave been inrmed tat tere i n undiputed tatutr due a at te ear end wi i uttanding r a perid ix

mnt rm te date te ame beame paable. Arding t inrmatin and explanatin given t u, tere a been n diputed tatutr due wi a nt been

depited.

11. Baed n te audit predure and n te inrmatin and explanatin available t u, te bd rprate a nt availed

an ailit rm an inanial intitutin r debenture lder. A u te quetin deault de nt arie. Regarding lan

rm te bank, te ame i deault ree.

12. Te bd rprate a nt granted an lan r advane eured b pledge are, debenture r ter eurit.

13. Baed n ur examinatin te rerd and evaluatin te related internal ntrl and inrmatin given t u we are

te pinin tat te bd rprate i nt dealing in euritie, debenture and ter invetment. It a ne lng term

invetment wi i trategiall eld in it wn name.

14. Te bd rprate a nt given guarantee r lan taken b ter rm bank r inanial intitutin.

15. N term lan a been availed b te bd rprate rm an quarter.

16. Arding t te inrmatin and explanatin given t u and n te bai anali inanial tatement te bd

rprate, we are te pinin tat n und a been raied n rt term bai wi a been ued b te bd rprate

r lng term appliatin.17. Te Bd rprate a nt iued an eured debenture during te ear.

18. Te Bd rprate a nt raied an und trug publi iue r preerential alltment during te ear.

19. Baed upn te audit predure perrmed and inrmatin and explanatin given t u, we reprt tat n raud n r b

te bd rprate a been ntied r reprted during te ure ur audit.

20. bv oter laue te rder are nt appliable t te Bd rprate.

fr G Bau & c

cartered Auntant

J.N. DhAR

Partner

(M. N. 007117)


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9

BALANcE shEET As AT 31sT MARch 2009(R. in la)

A At A At

sedule 31t Mar 2009 31t Mar 2008

Sources Of Funds :

Shareholders Funds:

sarelder fund:(A) sare capital A 499.08 499.08

(B) Reerve And surplu B 6,960.51 6,646.55

7,459.59 7,145.63

Loan Funds:

(A) seured Lan c 3,830.07 4,690.64

(B) Uneured Lan D 57.24 48.13

3,887.31 4,738.77

Total

APPLICATION OF FUNDS :

Fixed Assets :

(A) Gr Blk f 14,433.47 13,674.66

(B) Le : Depreiatin 6,879.46 6,244.59

(C) Net Block 7,554.01 7,430.07

Long Term Investment (In Govt. Securities) -

Current Assets, Loans And Advances: G

(A) Inventrie 5,516.98 6,174.36

(B) sundr Debtr 4,115.80 3,353.50

(c) ca & Bank Balane 246.59 345.69

(D) Lan & Advane 1,148.13 2,950.79

11,027.51 12,824.34

Less: Current Liabilities And Provisions E

(A) Liabilitie 6,814.90 7,913.55

(B) Prviin 419.72 459.24

7,234.62 8,372.79

Net Current Assets 3,792.89 4,451.55Miellaneu Expenditure - 2.78

(T te extent nt written r adjuted)

Nte T Aunt N

Total

A per ur reprt even date attaed r DABUR NEPAL PRIVATE LIMITED

r G. BAsU & co

chARTERED AccoUNTANTs Pradip Burman cairman

J N DHAR R. s. Rana Managing Diretr

PARTNER

M. N. 007117


Plae Katmandu


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10

PRofIT AND Loss AccoUNT foR ThE yEAR ENDED 31sT MARch 2009(R. in la)

fr te year Ended fr te year Ended

sedule 31t Mar 2009 31t Mar 2008

Income : H

sale Le Return 27,199.52 24,474.95

oter Inme 133.84 165.02

Total Income 27,333.3Expenditure :

ct o Material I 20,171.89 17,797.60

Exie Dut 116.53 83.01

Manuaturing Expene J 1,456.70 1,124.05

Pament T And Prviin fr Emplee K 1,635.47 1,392.10

selling And Adminitrative Expene L 2,557.59 2,371.19

finanial Expene M 404.12 453.75

Depreiatin 973.54 851.53

Total Expenditure 27,315.83

Balance Being Net Operating Profit Before Tax 17.52 566.74

Prviin fr Taxatin current 2.74 125.93

Net Profit After Taxation 14.78 440.81

Balane Brugt frward 5,467.50 5,039.09

Prviin fr Bnu

Prviin fr Taxatin fr Earlier year Written Bak 0.00

Prviin fr Taxatin fr Earlier year 12.40 12.40

Profit Available For Appropriation 5,469.88 5,467.50

Appropriation/Allocation

Tranerred T Emplee huing Reerve fund

Tranerred T General ReeRve

Balance Carried Over To Balance Sheet 5,469.88 5,467.50


r G. BAsU & co



PARTNER

M. N. 007117


Plae Katmandu


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11

sTATEMENT of cAsh fLoW(R. in la)

fr Te year Ended fr Te year Ended

Partiular 31t Mar 2009 31t Mar 2008

A. Cash flow from operating activities

Net Prit Bere Tax And Extrardinar Item 17.52 566.74

Add:

Depreiatin 973.54 851.53

L on sale o fixed Aet 11.29 (0.02)

L on sale o Invetment 2.81 0.00

Interet 404.12 1,391.76 453.75 1,305.26

operating Prit Bere Wrking capital cange 1,409.28 1,872.00

Wrking capital cange

Inreae/(Dereae) In Inventrie (657.38) 1,813.19

Inreae/(Dereae) In Debtr 762.29 323.94

Dereae/(Inreae) In Trade Paable 1,140.90 (3,553.60)

Inreae/(Dereae) In Wrking capital 1,245.81 (1,416.47)

ca Generated frm operating Ativitie 163.47 3,288.47Interet Paid 404.12 453.75

Tax Paid 2.74

406.86 456.83

Cash Used(-)/(+)Generated For Operating Activities (A) (243.39) 2,831.64

B. Cash Flow From Investing Activities

Purae o fixed Aet (813.55) (2,416.27)

sale o fixed Aet 2.84 0.00

sale o Invetment Inluding Invetment In subidiarie 2.81 0.00

Cash Used(-)/(+)GeneraTed For Investing Activities (B) (807.90) (2,416.27)

C. Cash Flow From Financing ActivitiesRepament(-)/Preed (+) o Lng Term seured Liabilitie (283.58) 350.21

Repament(-)/Preed(+) frm srt Term Lan (576.99) (1,853.41)

Repament (-)/Preed(+) frm Depit 9.11 0.00

Pament o oter Advane 1,802.66 1,411.76

Cash Used(-)/+(Generated) In Financing Activities (C) 951.20 (91.44)

Net Increase(+)/Decrease (-) In Cash And Cash Equivalents (A+B+C) (100.10) 323.93

Cash And Cash Equivalents Opening Balance 345.69 21.76

Cash And Cash Equivalents Closing Balance 246.59 345.69


r G. BAsU & co



PARTNER

M. N. 007117


Plae Katmandu


14/24

12

schEDULE-A : shARE cAPITAL

Authorised :

1400000 Equit sare o NRs 100 Ea 875.00 875.00(Previu year 1400000 Equit sare o NRs100 )

875.00 875.00

Issued ,Subscribed & Paid Up

798520 Equit sare o NRs 100 Ea full Paid Up In ca) 499.08 499.08

778520 held B Dabur Internatinal Ltd, hlding

cmpan In crprated In Ile o Man & It Nminee

(Previu year- 798520 Equit sare o NRs 100)

499.08 499.08

schEDULE-B : REsERVEs AND sURPLUs

sare Premium Aunt A Per Lat Aunt 375.00 375.

Emplee huing Reerve fund

A Per Lat Aunt 529.99 495.

Add : Tranerred frm Prit & L Aunt 0.79 34.26

530.78 529.99

General Reerve : 584.86 274.06

Prit And L Aunt 5,469.88 5,467.50

Total

schEDULE-c : sEcURED LoANs

A. Bank and finanial Intituitin

I Term Loans:Deerred Pament 230.43 514.01

(seured B hpteatin over Mainie Imprted Under Te said failit)

II Short Term Loans - From Banks : 3,599.63 4,176.63

seured B :

Exeutin regitered mrtgage b depit title deed mpan entire

land ituated at rampur tkani, bara ditrit and te entire immivable prpertie,

preent & uture, built teren and pteatin & aignment entire

urrent aet, preent and uture, ranking pari-pau amngt Nabil Bank Ltd,

std. cartered Bank Nepal Ltd and Nepal sBI Bank Ltd. ubjet t te priritie

tat bank extending term lan ( exept tat wi i vered b guarantee

indian bank) all ave irt arge n te ixed aet and end arge n

urrent aet wile te partipating bank extending wrking apital, verdrat

and a redit all ave pari-pau irt arge n te urrent aet and end

arge n ixed aet; and are urter eured b a rprate guarantee b te

mpan parent mpan Dabur India Ltd; New Deli and b pernal guarantee

b a diretr te mpan.

3,830.07 4,690.64

schEDULE-D : UNsEcURED LoANs

frm Diretr 48.13 48.13

seurit Depit frm Dealer And oter 9.11 0

Total

schEDULEs - Annexed t and rming part te Balane seet a at 31t Mar 2009

(R. in la)

A At A At



15/24

13

schEDULE-E : cURRENT LIABILITIEs AND PRoVIsIoNs

A. Current Liabilities : Aeptane

creditr fr Gd 620.53 5,244.50

creditr fr Expene And oter Liabilitie 6,156.63 429.54

Advane frm cutmer 2.72

Interet Arued But Nt Due on Lan 35.03 23.87

6,814.90 7,913.55

B. Provisions :

fr Leave salar 24.77 18.29

fr huing, Bnu & Gratuit & oter Welare 32.13 80.86

fr Taxatin :

Brugt frward

Prviin fr Te year

Adjuted During year 362.83 3

419.72 459.24

7,234.62 8,372.79

schEDULE-f : fIXED AssETs

GROSS BLOCK DEPRECIATION NET BLOCK

Name o Aet A on

31.03.08

Additin Adjutment A on

31.03.09

A on

31.03.08

fr te

year

Adjutment A on

31.03.2009

A on

31.03.2009

A on

31.03.08

freeld Land 304.95 20.73 325.68 - - - 325.68 304.95

Building, Rad &

Bridge

2,484.50 160.11 2,644.62 1,149.48 93.38 1,242.86 1,401.76 1,335.02

Plant & Mainer 9,339.58 547.52 9,887.10 4,116.08 763.37 298.06 4,581.40 5,305.70 5,223.49

furniture & fixture 917.85 38.71 22.68 933.87 590.56 67.75 18.58 639.73 294.14 327.29

Veile 381.30 43.00 32.08 392.23 221.91 41.89 22.04 241.76 150.47 159.4

cmputer 229.05 229.05 166.56 7.14 173.70 55.35 62.50

cWIP 17.43 3.50 20.93 - - 20.93 17.43

Ttal 3,674.67 813.55 54.75 14,433.47 6,244.58 973.54 338.67 6,879.46 7,554.01 7,430.09

Previu year 10,931.13 889.78 399.12 11,421.80 4,592.58 832.93 8.53 5,416.99 6,004.81


(R. in la)

A At A At



16/24

14

schEDULE-G : cURRENT AssETs, LoANs AND ADVANcEs

A. Current Assets :

Inventrie

- Raw Material 3,016.92 2,213.09

- Gd In Tranit

- Paking Material, stre And spare 936.39 1,569.64

- stk In Pre 202.58 102.76

- finied Gd 1,361.09 2,288.87

5,516.98 6,174.36

sundr Debtr (Uneured & cnidered Gd) 4,115.80 3,353.50

Cash And Bank Balances :

ca In hand 1.90 17.28

- Balane Wit Nn seduled Bank

In current Aunt 244.70 323.53In fixed Depit Aunt - 4.88

246.59 345.69

9,879.37 9,873.55

B. Loans And Advances (Unsecured, Considered Good)

seurit Depit Wit Variu Autritie 696.70 340.29

Advane Pament o Tax 243.35 95.

Advane T supplier 135.10

Advane T Emplee 17.21

oter advane reverable in a r in kind r r value t be reeived 55.78 1,504.82

1,148.13 2,950.79

Total (A+B) 11,027.51


(R. in la)

A At A At



17/24

15

schEDULE-h : sALEs AND oThER INcoME

A. Sales :

Dmeti sale Le Return 12,324.25 5,836.08

Exprt sale 14,875.26 18,638.87

27,199.52 24,474.95

B. Other Income :

Rent Realied 0.08 5.08

sale srap 133.51 158.46

Miellaneu Reeipt 0.24 0.32

Prit on sale o fixed Aet - 0.02

Interet Reeived - 1.14

133.84 165.02

schEDULE-I : cosT of MATERIALsRaw Materials Consumed :

I) opening stk 2,213.09 1,576.39

II) Add : Purae 13,536.34 12,465.64

15,749.43 14,042.03

III) Le : cling stk 3,016.92 2,213.09

12,732.51 11,828.94

Packing Materials Consumed :

I) opening stk 1,569.64 977.23

II) Add : Purae 5,978.18 6,550.47

7,547.82 7,527.70

III) Le : cling stk 936.39 1,569.64

6,611.43 5,958.06

Purchase Of Finished Products - 2,163.41Adjutment o stk In Pre And finied Gd

opening stk :

stk In Pre 102.76 55.76

finied Prdut 2,288.87 183.06

2,391.62 238.82

Closing Stock :

stk-In-Pre 202.58 102.76

finied Prdut 1,361.09 2,288.87

1,563.67 2,391.62

Inreae(-)/Dereae In stk In Pre And finied Gd 827.97 (2,152.80)

20,171.89 17,797.60

schEDULE-J : MANUfAcTURING AND oPERATING EXPENsEs

Pwer And fuel 856.78 697.45

stre & spare cnumed 277.14 206.55

Repair & Maintenane

--- Building 73.44 106.01

--- Plant & Mainer 124.69 89.14

--- oter 41.36 24.90

Preing carge 83.29 -

1,456.70 1,124.05

schEDULEs - Annexed t and rming part te Prit and L Aunt r te year Ended 31t Mar 2009

(R. in la)




18/24

16

schEDULE-K : PAyMENTs To AND PRoVIsIoNs foR EMPLoyEEs

salarie, Wage And Bnu 1,293.42 1,173.39

cntributin T Prvident And oter fund 129.50 63.86

Wrkmen And sta Welare 149.77 110.14

Diretr Remuneratin 62.78 44.71

1,635.47 1,392.10

schEDULE-L : sELLING AND ADMINsTRATIVE EXPENsEsRent 36.62 41.04

Rate And Taxe 1.16 -

Inurane 128.95 85.55

sale Tax 0.86

freigt And frwarding carge 85.39 968.38

cartage And clie - 38.16

cmmiin, Diunt And Rebate 209.20 Advertiing And Publiit 847.48 4

Travel & cnveane 229.50

Legal & Preinal 40.09 30.93

Telepne , fax Expene 57.81 87.4

seurit Expene 55.27 48.48

General Expene 831.97 262.80

Auditr Remuneratin: 3.97

Dnatin 15.22 11.34

Provin fr Dubtul Debt - 184.38

L on sale o Invetment (oter Tan Trade) 2.81 -

L on sale o fixed Aet 11.29

2,557.59 2,371.19

schEDULE-M : fINANcIAL EXPENsEsInteret (oter Tan fixed Perid Lan) 315.43 368.03

Bank carge 88.69 85.72

404.12 453.75

schEDULEs - Annexed t and rming part te Prit and L Aunt r te year Ended 31t Mar 2009

(R. in la)




19/24

17

schEDULEs - Annexed t and rming part te Aunt r te Perid Ended 31t Mar 2009

schEDULE N AccoUNTING PoLIcIEs & NoTEs To AccoUNTs

(All figure in Rupee La)

A. AccoUNTING PoLIcIEssigniiant Aunt Pliie are umarized belw

a. Accounting Convention:

Te aunt ave been prepared in ardane wit te itrial t nventin.

b. Fixed Assets and Depreciation:

fixed aet are tated at t le impairment l, i an.

ct inlude inward reigt and expene inidental t aquiitin and intallatin.

Depreiatin n fixed Aet ave been prvided r n traigt line metd at rate peiied in edule XIV te Indian

cmpanie At 1956.

c. Impairment of Assets:

Te bd rprate identiie impairable aet at te ear-end in term a generating unit (cGU) nept baed n para-5 t

13 As -28 iued b IcAI r te purpe arriving at impairment l n ixed aet and apital wrk-in-prgre (a required

under para 34, A-28) being te dierene between te bk value and reverable value relevant aet. Impairment l

i an wen rtallize i arged againt revenue te ear. Entire plant ntitute a ingle cGU.

d. Inventories:

stk are valued at lwer t r net realizable value. Bai determinatin t remain a llw:

Raw material, Paking material, stre & spare on fIfo Bai

Wrk-in-pre At t input plu veread

upt te tage mpletin.

finied gd At t input plu apprpriate overead.

e. Retirement Benefits:

Prviin i made r gratuit and leave alar paable t te ta in ardane wit lal labur law a per management

etimate n te aumptin all emplee retiring n ear end.

f. Recognition of Income and expenses:

sale and purae are aunted r n te bai paing title t te gd.

All item inme and expene ave been aunted r n arual bai.

g. Contingent Liabilities:

Diputed liabilitie and laim inluding laim raied b ial autritie, pending in appeal/urt, r wi n reliable etimate

an be made te amunt bligatin r wi are remtel pied r rtallizatin are nt prvided in aunt but

diled in nte n aunt. hwever, preent bligatin a a reult pat event wit pibilit utlw reure,

wen reliabl etimable, i regnized in aunt.

h. Translation of accounts of the body corporate from the currency of country of its incorporation NRS to INR :

curren Nepal nt being lutuable vi--vi reprting urren, te ame a been tranlated at lat rate determined in te

rati Nepalee and Indian urren.

i. Translation of Foreign Currency:

Reeivable/paable (exluding r ixed aet) in reign urrenie are tranlated at te exange rate ruling at te earend and reultant gain r l, i aunted r in te prit & L Aunt.

capital a well a revenue impliatin exange lutuatin arged r redited t revenue, are diled in nte t

aunt.


20/24

18

B. NoTEs To AccoUNTs

1. Aunt te bd rprate (a wll wned ubidiar Dabur India Ltd., a mpan inrprated in India), inrprated

in Nepal, riginall audited b verea auditr puruant t law te untr it inrpratin, ave been made ut a per

requirement Indian cmpanie At in due aderene ub etin 2(a) and 2(b) etin 212 cmpanie At, 1956. Ti

entailed drawing up te balane eet, prit & l aunt (inluding auditr reprt teren) te ubidiar in a manner

a t make it appear nrming t requirement Indian cmpanie At, 1956, r te purpe annexing te partiular

te bd rprate wit it lding mpan under etin 212 (1) te cmpanie At, 1956.

Mdiiatin aunt warranted under te exerie predminantl related t

(a) Tranlatin treatment variu ead aunt in term aunting tandard reerred t in etin 211(3) te

cmpanie At, 1956.

(b) Preentatin aunt in term edule VI cmpanie At, 1956, inluding dilure neear inrmatin a

laid dwn under etin 211(1) and 211(2) cmpanie At 1956.

2. Tet impairment in term A (c ), edule N did nt prima aie prvide an exigen impairment tereb ruling ut te

aue prviding r an impairment l.

3. Inme and Expenditure in freign curren

Ti being a bd rprate inrprated in Nepal., inrmatin relating t imprt, exprt, expenditure in reign urren & cIf

value imprt are uperluu erein.

4. Managerial Remuneratin (paid r paable during te ear, t te Diretr) :Pament made t te Diretr amunt t R. 62.78 (previu ear R. 44.71) n aunt alar.

5. segment Reprt.

Te primar egment identiied r bd rprate being lne fMcG egment, all te prdut all in witin it purview, n

egment reprt a been prvided erein.

6. cntingent Liabilitie:

a. claim againt te mpan nt aknwledged a debt: In repet Inme Tax under appeal R. 42.56 (previu ear R.

NIL).

b. In repet bank guarantee exeuted R.2232.29 (previu ear R.1647.51).

. In repet Letter credit R.1947.85 (previu ear R.2208.24)

d. Additinal demand n aunt VAT R. 151.25 ( previu ear R.151.25)

e. Etimated amunt ntrat remaining t be exeuted n apital aunt R. 111.29

(previu ear R. 169.07)

7. CIF value of Imports 2008-09 2007-08

Raw Material 12143.03 11759.89

Paking Material 4169.91 5290.91

stre & spare 69.76 98.74

capital Gd 547.52 2250.06

----------- ----------

16930.22 19400.60

----------- ----------

8. Value of Raw Materials, Stores & Spares consumed

Raw Material Paking Material , stre & spare

31.03.2009 31.03.2008 31.03.2009 31.03.2008

Value % Value % Value % Value %

Imprted 11217.73 88.10 10993.04 92.93 4846.51 70.36 5324.58 86.37

Indigenu 1514.78 11.90 835.91 7.07 2,042.06 29.64 840.03 13.63

Ttal 12,732.51 100.00 11,828.95 100.00 6,888.57 100.00 6,164.61 100.00


21/24

19

9. Particluars in respect of Goods Manufactured

cla Gd Unit Liened

capait

Intalled

capait

Prdutin opening stk cling stk sale

Qt Qt Value Qt Value Qt Value

Lal Dant Manjan MT 8,000.00

(8,000.00)

7,200.00

(7,200.00)

1,728.14

(3,166.73)

11.49

(7.96)

7.54

(9.46)

22.39

(11.49)

18.26

(7.54)

1,717.24

(3,163.44)

1,626.53

(4,341.12)

Real fruit Juie KL 80,744.00

(80,744.00)

87,597.00

(87,597.00)

49,063.53

(45,560.23)

374.61

(114.55)

2,071.02

(71.97)

788.41

(374.61)

1,063.37

(2,071.02)

48,649.73

(45,300.17)

15,993.05

(7,723.52)

oter 210.31

(211.47)

279.46

(210.31)

9,579.94

(12,411.31)

Ttal 2,288.87

(292.90)

1,361.09

(2,288.87)

27,199.52

(24,475.95)

(Previu ear igure in braket)

10. Puruant t adptin As 15 a revied b IcAI, treatment deined beneit bligatin ave been anged in term

tandard wit te llwing adjutment inrprated in aunt

A. GRATUITY

(i) Changes in Present Value of Obligation

2008-09 2007-08

opening deined beneit bligatin 90.05 47.18

current servie ct 14.33 9.24

Interet ct 6.40 3.65

Atuarial Gain/L due t ange in aumptin (23.38) 2.88

Amalgamatin 0.00 0.00

Beneit Paid (9.33) (8.39)

78.07 54.58

(ii) Change in Fair value of Assets

2008-09 2007-08

opening fair Value Plan Aet 39.19 39.42

Expeted return n Plan Aet 3.13 3.15

Empler ntributin 17.70 5.39

Atuarial Gain/L n Plan Aet (3.13) (0.79)

Beneit Paid (9.33) (8.39)

47.55 38.79

(iii) Amount Recognized in Balance Sheet

2008-09 2007-08

Preent value unded bligatin 78.07 54.58

fair value plan aet 47.55 38.79

Net liabilit 30.52 15.78

Amunt in Balane eet prviin r Gratuit 30.52 15.78

Net Liabilt 3052 15.79

(iii) Amount Recognized in the Statement of Profit & Loss Account


22/24

20

2008-09 2007-08

current servie ct 14.33 9.24

Interet n deined beneit bligatin 6.40 3.65

Expeted return n plan aet (3.13) (3.15)

Net atuarial l (20.25) 3.67

Amunt inluded in emplee beneit (2.65) 13.42

(iii) Asset information

2008-09 2007-08

Inurer Managed fund 100% 100%

B. LEAVE ENCASHMENT

(i) Reconciliation of opening and closing balance of the present value of defined benefit obligations:

2008-09 2007-08

opening deined beneit bligatin 18.29 17.62

current ervie t 3.50 1.83

Interet t 0.85 0.94

Atuarial Gain/L due t ange in aumptin 16.13 11.14

Amalgamatin 0.00 0.00

Beneit Paid (14.00) (13.23)

24.77 18.29

(ii) Change in Fair Value of Assets

2008-09 2007-08

opening air value plan aet 0.00 0.00

Expeted return n pla aet 0.00 0.00

Empler ntributin 0.00 0.00

Beneit paid 0.00 0.00

Ending aet 0.00 0.00

(iii) Amount recognized in Balance Sheet

2008-09 2007-08

Preent value und bligatin 24.77 18.29


23/24

21

11. Revenue and apital impliatin exange lutuatin t te extent realized ave nt been determined. hwever, ti a n

impliatin n Prit and L Aunt and Balane seet.

12. All te igure ave been expreed in R. La unle tated terwie.

13. Te laiiatin regarding mall ale indutrie a deined under Mir, small and Medium Develpment Bard, 2006 i nt

appliable t ti mpan and te mpan a nt laiied it reditr n te bai te deinitin Mir, small &

Medium Develpment Bard 2006.

14. Additinal Inrmatin a required under Part IV sedule VI te cmpanie At.

1. Registration details

Regitratin N. Nt Available

Balane seet Date 31/03/2009.

2. Capital Raised during the year (Rs. 000)

Publi iue nil

Bnu iue nil

Rigt iue nil

oter Iue nil

3. Position of Mobilisation & deployment of fund (Rs. 000)

Ttal Liabilitie 1858152

Ttal Aet 1858152

Sources of Funds :

Paid up apital 49908

Reerve & surplu 696050

seured Lan 383007

Uneured Lan 5724

Application of funds

Net fixed Aet 755401

Net urrent Aet 379289

fair value plan aet 0.00 0.00

Amunt in Balane seet 24.77 18.29

Prviin r Leave enament 24.77 18.29

Net Liabilit 24.77 18.29

(iv) Amount recognized in Statement of Profit & Loss Account

2008-09 2007-08

current ervie t 3.50 1.83

Interet t 0.85 0.94

Expeted return n plan aet 0.00 0.00

Net Atuarial gain/l t be rerded in te ear 16.13 11.94

Amunt inluded in emplee beneit expene 20.48 13.90

(v) Assets Information insurer Managed Funds

2008-09 2007-08

Inurer Managed fund NA NA

summar Atuarial aumptin

2008-09 2007-08

Diunt rate 7.5% pa 8.5% pa

Expeted rate return n plan aet 8% pa 8% pa

salar ealatin rati 0.05 0.06


24/24

4. Performance of the Company (Rs. 000)

Turnver 2732206

Prit bere tax 1751

Prit Ater tax 1477

5. Generic Name of three principal products/ services of the company

Item cde

Prdut Deriptin

Juie

hair oil

Ttpwder

(Item de nt available)

signature t te sedule A t N Annexed t and rming part te Aunt.


r G. BAsU & co



PARTNER

M. N. 007117

Date : 7t April, 2009Plae Katmandu

Documents

Dabur NepalPrivateLimited