Rishabh Instruments Pvt Ltd Standalone Balance …policy.electronicsb2b.com/.../uploads/2013/03/Rishabh.pdfRishabh Instruments Pvt Ltd Standalone Balance Sheet for period 01/04/2010

Rishabh Instruments Pvt LtdStandalone Balance Sheet for period 01/04/2010 to 31/03/2011

[610000] General information about financial statements

Unless otherwise specified, all monetary values are in INR

01/04/2010 to

31/03/2011

01/04/2009

to 31/03/2010

Disclosure of general information about company [abstract] Disclosure of company information [abstract] Name of company Rishabh Instruments Pvt Ltd Corporate identity number U31100MH1982PTC028406 Permanent account number of entity AAACR2228Q Address of registered office of company A54 Marol MIDC Andheri East Mumbai 400093 Type of industry Commercial and Industrial Disclosure of document information [abstract] Date of board meeting when final accounts were approved 15/06/2011 Period covered by financial statements 12 12 Date of start of reporting period 01/04/2010 01/04/2009 Date of end of reporting period 31/03/2011 31/03/2010 Nature of report standalone consolidated Standalone Content of report Balance Sheet Description of presentation currency INR Level of rounding used in financial statements Actual Type of balance sheet Sources and Application of Funds [Vertical Format] Type of profit and loss statement Main Type of cash flow statement Indirect Method

01/04/2010 to 31/03/2011Details principal products and services

Unless otherwise specified, all monetary values are in INR1 2 3

ITC number of product Panel Meter Multimeters Transducers Description of product or services Analog Meter Digital Meter Digital Meter Unit of measurement of principal product or services Nos Nos Nos Turnover of principal product or services 22,72,66,409 4,52,32,905 9,98,90,900 Quantity of principal product or services (in UoM) [pure] 7,12,300 [pure] 16,919 [pure] 34,326

Details principal products and services


ITC number of product Integra Current transformers Others Meter & Accessories Description of product or services Digital Meter Analog Meter Analog & digital Meters Unit of measurement of principal product or services Nos Nos Nos Turnover of principal product or services 10,37,51,813 4,50,34,736 13,71,36,672 Quantity of principal product or services (in UoM) [pure] 34,174 [pure] 1,30,398 [pure] 1

2

Rishabh Instruments Pvt Ltd Standalone Balance Sheet for period 01/04/2010 to 31/03/2011

[630000] Disclosures - Directors report


01/04/2010 to

31/03/2011Disclosure in board of directors report [text block] Textual information (1) [See below]

3


Textual information (1)

Disclosure in board of directors report [text block]RISHABH INSTRUMENTS PRIVATE LIMITED

DIRECTOR'S REPORT

To,

The Members,

Rishabh Instruments Private Limited,

Mumbai.

The Directors have pleasure in submitting their 28th Annual Report together with the Audited Accounts of the Company for the periodended 31st March, 2011.

YEAR UNDER REVIEW :

Growth has been marginal during the year which was @ 4.80% over the previous year, Profit before tax has gone down from 16.78% to13.66%. This was primarily due to expenses related to Acquisition and booking of Impairment of Investment in subsidary.

DIVIDEND

The Directors also proposed a final dividend of Rs. 1.00 per share (10%) for the year ended 31 March, 2011

FINANCE

The Company is very regular in paying interest on working capital. Further during the year Company has Invested the surplus money intoshort term liquid funds.

DEPOSIT

The Company has not accepted any deposits from public.

AUDITORS

Your present auditor M/s. S.V.Ghatalia & Associates will retire in the forth coming Annual General Meeting, and have expressedtheir willingness to continue in office if reappointed.

PARTICULARS OF EMPLOYEES

None of the employees of the Company is covered by the provisions of Section 217 (2A) of the Companies Act, 1956 read with theCompanies (Particulars of Employees) Rules, 1975 as amended.

DIRECTORS' RESPONSIBILITY STATEMENT

As required by sub-section (2AA) of section 217 of the Companies Act, 1956, directors state :

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(a) That in the preparation of Annual Accounts, the applicable accounting standards have been followed and that no material departureshave been made from the same;

(b) That the directors have selected such accounting policies and applied consistently and prudent judgments and reasonable estimateshave been made so as to give a true and fair view of state of affairs of the Company at the end of financial year;

(c)That the director have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with theprovisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detection of fraud an

(d) The annual accounts have been prepared on a going concern basis.

5


PARTICULARS OF ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE

a) Conservation of Energy :

(a)Costly Power estimated as per TOD metering system & brought control by changing the timings of machine utilisation in shifts to reduce the costly power consumption.The net result in a year was 4 % of costly power of D & B Zone is shifted to Azone which

(b)Started individual section consumption monitoring & setting of the targets for reduction. The net result is that inspite of growth& extra hours working,if the additional new machine's consumption is removed, we could maintain the same consumption asthat

(c)Installation of motion sensors ( The lihgts will automatically turn ON only if the Person is in the visinity & will reamain OFF otherwise.) This is implemented in few areas.This has now become unmanned operation & also saves electricity.

(D)Installation of 15kW variable frequency drive(VFD) on one of the Moulding machine on trial basis. This has resulted in powersaving by approx 10%

b) Technology Absorption :

A. Research & Development

a)In view of continus development and requirement of new products in market, Rishabh has expanded R&D center. A new R&D center (100 seats) building is constructed at the same location - Trishala, C-6, NICE, Satpur, Nashik (Area approx 17000Sq ft.)

b)US Patent Office has granted patent for Digital Clamp Meter (US Patent No. 7944197) , Rishabh Instruments who have also applied

for 2 patents to European Patent for Digital Clamp Meter (European Patent Office Patent No. EP2160804 & EP2149052) .

c)Rishabh R&D has completed development of New Pragrammable Transducer series (RISH CON) includes Current, Voltage,Frequency. Rishabh R&D also working on development of Active Power, Reactive Power, Apparent Power Tranducer, Phase Angle Transducer. These

d)Rishabh has developed New multifuction instrument (RISH Delta) with High features and with display options i.e. 14MM Displayand 20mm Display, mainly for the Generator market. RISH Delta comes with RS485 interface & relay output. Rishabh has also develo

e) Rishabh Instruments is also working on next Models of RISH Delta Series for Power and Energy Parameters with RS485 interface& relay output (Model Name : RISH Delta Power & Rish Delta Energy) . Rishabh R&D is working on development of New Digital Multimet

B. Technology absorption, adoption

a)Rishabh R & D have sucessfully adopted & implemented technologies provided by David Horn, UK for Static &

ASIC Model Recorder systems and supplied around 150 complete systems to UK, Australian Police etc. These DVD recorder are used during interview wit

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b) Rishabh R & D have sucessfully implemented technologies & produced TSM-690V : Thyristor Switch Modules for 690Vapplication for Turkey market for Major Customer EPCOS .

C) Rishabh R & D also sucessfully upgraded technology & produced Power Factor Controller PFC BR6000 ( Version 5 ) for Major Customer EPCOS , India .

C) Foreign exchange earning & outgo

The Company continue to be a net foreign exchange earner during the year.

Total foreign exchange earned by the Company during the year under review was Rs.29.84 Crores, compared to Rs. 25.14 Crores duringthe previous year.

7


ACKNOWLEDGEMENTS

The Directors take this opportunity to place on record their appreciation of the dedication and sense of commitment shown by theemployees at all levels and acknowledge their contribution towards sustained progress and performance of the Company.

The Directors also acknowledge with gratitude the co-operation and assistance received from the Company's Bankers and GovernmentAuthorities.

On behalf of the Board of Directors

For Rishabh Instruments Private Limited

Narendra Goliya

(Managing Director)

Place : Nasik

Date : 30/08/2011

01/04/2010 to 31/03/2011Details of directors signing board report

Unless otherwise specified, all monetary values are in INR1

Name of director signing board report [abstract] First name of director Narendra Middle name of director Johrimal Last name of director Golia Designation of director Managing Director Director identification number of director 00315870 Date of signing board report 30/08/2011

[620000] Disclosures - Auditors report


01/04/2010 to

31/03/2011Disclosure in auditor’s report [text block] Textual information (2) [See below]

8



Disclosure in auditor’s report [text block]Auditors Report

To The Members of Rishabh Instruments Private Limited

1. We have audited the attached Balance Sheet of (the Company) as at March 31, 2011 and also theRishabh Instruments Private Limited

Profit and Loss account and the cash flow statement for the year ended on that date annexed thereto. These financial statements are the

responsibility of the Companys management. Our responsibility is to express an opinion on these financial statements based on our

audit.

2. We conducted our audit in accordance with auditing standards generally accepted in India. Those Standards require that we plan and

perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit

includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes

assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial

statement presentation. We believe that our audit provides a reasonable basis for our opinion.

3. As required by the Companies (Auditors Report) Order, 2003 (as amended) issued by the Central Government of India in terms of

sub-section (4A) of Section 227 of the Companies Act, 1956, we enclose in the Annexure a statement on the matters specified in

paragraphs 4 and 5 of the said Order.

4. For certain assets, the Company has not maintained proper records showing full particulars of the fixed asset register with regard to

original cost, year of acquisition, sufficient description, quantitative details and accumulated depreciation / amortization. Accordingly,

we are unable to quantify and comment on the completeness and accuracy of depreciation on such assets for the year and the resultant

impact on the profit for the year and reserves as at the balance sheet date.

5. Further to our comments in the Annexure referred to above, we report that:

i. We have obtained all the information and explanations, which to the best of our knowledge and belief werenecessary for the purposes of our audit ; except to the extent stated in paragraph 4 above

ii. In our opinion, proper books of account as required by law havesubject to the matter stated in paragraph 4 abovebeen kept by the Company so far as appears from our examination of those books;

iii. The balance sheet, profit and loss account and cash flow statement dealt with by this report are in agreement withthe books of account;

iv. In our opinion, the balance sheet,subject to the effects of impact, if any from matter stated in paragraph 4 above,profit and loss account and cash flow statement dealt with by this report comply with the accounting standardsreferred to in sub-section (3C) of section 211 of the Companies Act, 1956.

v. On the basis of the written representations received from the directors, as on March 31, 2011, and taken on recordby the Board of Directors, we report that none of the directors is disqualified as on March 31, 2011 from beingappointed as a director in terms of clause (g) of sub-section (1) of section 274 of the Companies Act, 1956.

vi. Subject to Para 4 stated above, where consequential effect, if any, is not ascertainable presently, In our opinion andto the best of our information and according to the explanations given to us, the said accounts give the informationrequired by the Companies Act, 1956, in the manner so required and give a true and fair view in conformity with theaccounting principles generally accepted in India;

a) in the case of the balance sheet, of the state of affairs of the Company as at March 31, 2011;

b) in the case of the profit and loss account, of the profit for the year ended on that date; and

c) in the case of cash flow statement, of the cash flows for the year ended on that date.

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For S.V. GHATALIA & ASSOCIATES Firm registration number: 103162W

Chartered Accountants

per Pramod BapnaPartnerMembership No.: 105497

Place: MumbaiDate: September 2, 2011. Annexure referred to in paragraph 3 of our report of even date

Re: Rishabh Instruments Private Limited (the Company)

(i) (a) t For certain assets he Company has not maintained proper records showing full particulars, including original cost,year of acquisition, sufficient description, quantitative details and accumulated depreciation/amortization of fixed

assets.

(b) All fixed assets have not been physically verified by the management during the year but there is a regular programof verification over a period of two years which, in our opinion, is reasonable having regard to the size of the

Company and the nature of its assets. No material discrepancies were noticed on such verification.

(c) There was no disposal of a substantial part of fixed assets during the year.

(ii) (a) The inventory has been physically verified by the management during the year. In our opinion, the frequency of verification is reasonable. Inventories lying with outside parties have been confirmed by them as at year end.

(b) The procedures of physical verification of inventory followed by the management are reasonable and adequate in relation to the size of the Company and the nature of its business.

(c) The Company is maintaining proper records of inventory Discrepancies noted on physical verification of inventories .were not material, and have been properly dealt with in the books of account.

(iii) (a) According to the information and explanations given to us, the Company has not granted any loans, secured orunsecured to companies, firms or other parties covered in the register maintained under section 301 of the CompaniesAct, 1956. Accordingly, the provisions of clause 4(iii)(a) to (d) of the Order are not applicable to the Company andhence not commented upon.

(e) The Company had taken loan from two parties covered in the register maintained under section 301 of theCompanies Act, 1956. The maximum amount involved during the year was Rs. 33,244,180 and the year-end balanceof loans taken from such parties was Rs. Nil.

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(f) In our opinion and according to the information and explanations given to us, the rate of interest and other terms andconditions for such loans are not prima facie prejudicial to the interest of the Company.

(g) In respect of loans taken, repayment of the principal amount is as stipulated. However, interest has not been paid.and is outstanding as at the balance sheet date

(iv) In our opinion and according to the information and explanations given to us, there is an adequate internal control system commensurate with the size of the Company and the nature of its business, for the purchase of inventory andfixed assets and for the sale of goods and services. During the course of our audit, we have not observed any majorweakness or continuing failure to correct any major weakness in the internal control system of the company in respectof these areas.

(v) (a) According to the information and explanations provided by the management, we are of the opinion that the particulars of contracts or arrangements referred to in section 301 of the Companies Act, 1956 that need to be entered into theregister maintained under section 301 have been so entered.

(b) In our opinion and according to the information and explanations given to us, the transactions made in pursuance of such contracts or arrangements and exceeding the value of Rupees five lakhs have been entered into during thefinancial year at prices which are reasonable having regard to the prevailing market prices at the relevant time exceptin respect of sale of goods where sales are made below the prevailing market prices at the relevant time.

(vi) The Company has not accepted any deposits from the public.

(vii) In our opinion, the Company has an internal audit system commensurate with the size and nature of its business.

(viii) To the best of our knowledge and as explained, the Central Government has not prescribed the maintenance of cost records under clause (d) of sub-section (1) of section 209 of the Companies Act, 1956, for the products of theCompany.

(ix) (a) Undisputed statutory dues including provident fund, employees state insurance, sales-tax, wealth-tax, customs duty,excise duty cess and other material statutory dues have generally been regularly deposited with the appropriateauthorities . though there have been slight delays in few cases of payment of withholding taxes Additionally, there have

. There are nobeen serious delays in cases related to service tax on import of taxable services and works contract taxstatutory dues towards investor education and protection fund.

Further, since the Central Government has till date not prescribed the amount of cess payable under section 441 A ofthe Companies Act, 1956, we are not in a position to comment upon the regularity or otherwise of the company indepositing the same.

(b) According to the information and explanations given to us, no undisputed amounts payable in respect of provident fund, employees state insurance, income-tax, wealth-tax, service tax, sales-tax, customs duty, excise duty cess andother material statutory dues were outstanding, at the year end, for a period of more than six months from the datethey became payable. There are no statutory dues towards investor education and protection fund.

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(c) According to the records of the Company, the dues outstanding of income-tax, sales-tax, service tax, excise duty andprovident fund on account of any dispute, are as follows:

Name of thestatute

Nature of duesAmount (Rs.)

(Net ofInterest)

Period to whichamount relates

Forum wheredispute ispending

Income-taxAct, 1961

Demand raised Taxdeducted at source relatedmatter

19,569 A.Y. 2001-02 ITAT

CentralExcise Act,1944

Demand for duty payableon higher discount givento customer from EOU.

5,148,601 F.Y. 1996-2001 High Court

CentralExcise Act,1944

Demand for duty payableon trading of goods from100% EOU.

536,648 F.Y 2005-06 Director Generalof Central Excise

IntelligenceFinance Act,1994

Disallowance of servicetax credit on CHAservices

657,558 F.Y. 2007-11 AdditionalCommissioner of

Central ExciseFinance Act,1994

Import of taxable servicesin terms of Section 66Aof Finance Act, 1994

2,005,373 F.Y. 2006-10 AdditionalCommissioner of

Central ExciseCentralSales TaxAct, 1956

Claim and reduction ofset-off

150,000 F. Y. 2000-01 AdditionalCommissioner of

Sales TaxEmployeeProvidentFund Act,1952

Provident Fund payableon the remuneration paidto trainees.

3,646,342 (netof deposit

2,430,895)

F. Y. 2006-09 EmployeeProvident Fund

AppellateTribunal

According to the information and explanations given to us, there are no dues of wealth tax, customs duty and cesswhich have not been deposited on account of any dispute. There are no statutory dues towards investor education andprotection fund.

(x) The Company has no accumulated losses at the end of the financial year and it has not incurred cash losses in the current and immediately preceding financial year.

(xi) Based on our audit procedures and as per the information and explanations given by the management, we are of the opinion that the Company has not defaulted in repayment of dues to a financial institution and banks. The Companyhas not issued any debentures during the year.

(xii) According to the information and explanations given to us and based on the documents and records produced before us, the Company has not granted loans and advances on the basis of security by way of pledge of shares, debenturesand other securities.

(xiii) In our opinion, the Company is not a chit fund or a nidhi / mutual benefit fund / society. Therefore, the provisions of clause 4(xiii) of the Companies (Auditors Report) Order, 2003 (as amended) are not applicable to the Company.

(xiv) In our opinion, the Company is not dealing in or trading in shares, securities, debentures and other investments. Accordingly, the provisions of clause 4(xiv) of the Companies (Auditors Report) Order, 2003 (as amended) are notapplicable to the Company.

(xv) According to the information and explanations given to us, the Company has not given any guarantee for loans taken

12


by others from bank or financial institutions.

(xvi) Based on the information and explanations given to us by the management, term loans were applied for the purpose for which the loans were obtained.

(xvii) According to the information and explanations given to us and on an overall examination of the balance sheet of the Company, we report that no funds raised on short-term basis have been used for long-term investment.

(xviii) The Company has not made any preferential allotment of shares to parties or companies covered in the register maintained under section 301 of the Companies Act, 1956.

(xix) The Company did not have any outstanding debentures during the year.

(xx) The Company did not raise any money by public issues during the year.

(xxi) Based upon the audit procedures performed for the purpose of reporting the true and fair view of the financial statements and as per the information and explanations given by the management, we report that no fraud on or by theCompany has been noticed or reported during the year.

For S.V. GHATALIA & ASSOCIATES Firm registration number: 103162W

Chartered Accountants

per Pramod BapnaPartnerMembership No.: 105497

Place: MumbaiDate: September 2, 2011

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01/04/2010 to 31/03/2011Details regarding auditors


Name of audit firm S.V. Ghatalia & Associates Name of auditor signing report BAPNA PRAMOD KUMAR Membership number of auditor 105497

Address of auditors C-401, 4th Floor, Panchshil Tech Park. Yerwada (Near Don Bosco School). Pune411 006.

Permanent account number of auditor orauditor's firm

AACFS6921Q

SRN of form 23B S03716644 Date of signing audit report by auditors 02/09/2011 Date of signing of balance sheet by auditors 02/09/2011

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[100000] Sources and Application of Funds


31/03/2011 31/03/2010 31/03/2009Sources application funds [abstract] Sources of funds [abstract] Shareholders' funds [abstract] Paid-up share capital 14,62,50,000 14,62,50,000 Reserves surplus 28,54,99,627 21,18,80,640 17,33,15,841 Shareholders' funds 43,17,49,627 35,81,30,640 Net deferred tax liability 0 79,44,415 Loan funds [abstract] Secured loans 4,56,25,665 4,32,71,970 Unsecured loans 2,83,11,763 4,97,20,433 Loan funds 7,39,37,428 9,29,92,403 Sources of funds 50,56,87,055 45,90,67,458 Application of funds [abstract] Fixed assets [abstract] Net block [abstract] Gross block 54,45,94,254 49,31,13,039 46,38,93,090 Accumulated depreciation, amortization and impairment [abstract] Accumulated depreciation amortisation 34,53,56,123 30,98,56,906 26,34,92,545 Accumulated impairment 0 0 Accumulated depreciation amortisation impairment 34,53,56,123 30,98,56,906 26,34,92,545 Net block 19,92,38,131 18,32,56,133 20,04,00,545 Capital work-in progress, net 1,08,13,722 74,31,443 Fixed assets 21,00,51,853 19,06,87,576 Investments, net 1,73,46,745 4,10,18,023 Net deferred tax asset 52,02,832 0 Net current assets [abstract] Current assets loans advances [abstract] Current assets [abstract] Sundry debtors 14,67,49,162 13,46,47,749 Cash bank balance 53,80,016 4,06,65,634 Inventories 21,18,08,899 13,28,29,155 Other current assets 1,49,584 3,28,783 Current assets 36,40,87,661 30,84,71,321 Loans advances 4,97,72,261 2,30,74,553 Current assets loans advances 41,38,59,922 33,15,45,874 Current liabilities provisions [abstract] Current liabilities 11,15,51,298 7,84,16,642 Provisions 2,92,22,999 2,57,67,373 Current liabilities provisions 14,07,74,297 10,41,84,015 Net current assets 27,30,85,625 22,73,61,859 Miscellaneous expenditure not written off 0 0 Application of funds 50,56,87,055 45,90,67,458

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[640000] Disclosures - Signatories of balance sheet

01/04/2010 to 31/03/2011Details of directors signing balance sheet

Unless otherwise specified, all monetary values are in INR1 2

Name of director signing balance sheet [abstract] First name of director Narendra Mahesh Middle name of director Johrimal Govinddas Last name of director Golia Nathani Designation of director Managing Director Director Director identification number of director 00315870 00127029 Date of signing of balance sheet by director 30/08/2011 30/08/2011

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[300000] Statement of Cash Flow, Indirect Method


01/04/2010 to

31/03/2011

01/04/2009 to

31/03/201031/03/2009

Cash flow statement [abstract] Net increase decrease cash and cash equivalents [abstract] Net cash flow from used in operating activities [abstract] Net profit loss before tax extraordinary items 9,61,44,156 11,02,07,283 Adjustments profit loss operations [abstract] Adjustment depreciation depletion amortisation [abstract] Adjustment depreciation 4,36,79,947 4,75,90,828 Adjustment depreciation depletion amortisation 4,36,79,947 4,75,90,828 Adjustment write-off assets liabilities [abstract] Adjustment write-off bad debts 30,02,889 1,01,05,423 Adjustment write-off assets liabilities 30,02,889 1,01,05,423 Adjustment provisions, net [abstract] Adjustment provision doubtful debts advances 53,42,383 0 Adjustment provision diminution value investments 1,36,53,255 0 Adjustment provisions, net 1,89,95,638 0 Adjustment gain loss sale disposal fixed assets -67,809 -1,65,563 Adjustment gain loss sale redemption investments 0 -11,452 Adjustment gain loss foreign exchange fluctuations 7,53,204 -75,663 Adjustment interest expense 32,97,956 41,86,692 Adjustment interest dividend income [abstract] Adjustment interest received [abstract] Adjustment interest long-term investments -1,70,853 -4,84,114 Adjustment interest received -1,70,853 -4,84,114 Adjustment dividend received [abstract] Adjustment dividend received other investments -79,483 -9,935 Adjustment dividend received -79,483 -9,935 Adjustment interest dividend income -2,50,336 -4,94,049 Adjustments profit loss operations 6,99,12,161 6,21,24,314 Operating profit loss before changes working capital 16,60,56,317 17,23,31,597 Changes working capital [abstract] Changes current assets loans advances [abstract] Changes inventories -7,89,79,744 1,20,49,052 Changes sundry debtors -1,98,41,561 40,76,540 Changes loans advances -2,18,57,365 84,04,924 Changes current assets loans advances -12,06,78,670 2,45,30,516 Changes current liabilities provisions [abstract] Changes other liabilities 3,71,18,066 -1,18,15,938 Changes current liabilities provisions 3,71,18,066 -1,18,15,938 Changes working capital -8,35,60,604 1,27,14,578 Cash from generated operations 8,24,95,713 18,50,46,175 Direct taxes paid refunded 2,10,69,374 2,43,98,492 Net cash flow from used in operating activities 6,14,26,339 16,06,47,683 Net cash flow used in investing activities [abstract] Purchase other assets 6,32,23,441 3,37,44,433 Purchase investment property 3,05,74,488 3,85,18,023 Payments investing bank deposits 18,22,551 13,50,289 Proceeds disposal other assets 2,47,031 22,79,305 Proceeds sale disposal investment property 4,05,92,511 1,35,11,452 Proceeds sale redemption investments bank deposits 13,50,289 0 Proceeds interest dividend investments [abstract] Proceeds interest investments [abstract] Proceeds other interest 3,50,052 1,55,331 Proceeds interest investments 3,50,052 1,55,331 Proceeds dividend investments [abstract] Proceeds dividends mutual funds 79,483 9,935

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Proceeds dividend investments 79,483 9,935 Proceeds interest dividend investments 4,29,535 1,65,266 Net cash flow used in investing activities -5,30,01,114 -5,76,56,722 Net cash flow from used in financing activities [abstract] Proceeds financial liabilities [abstract] Proceeds short-term borrowings 1,93,53,695 2,52,02,500 Proceeds financial liabilities 1,93,53,695 2,52,02,500 Repayments financial liabilities [abstract] Repayments long-term borrowings 18,17,684 2,37,84,049 Repayments short-term borrowings 3,85,78,880 3,11,38,863 Repayments financial liabilities 4,03,96,564 5,49,22,912 Interest financial expenses paid [abstract] Interest expense long-term loans paid 0 5,69,992 Interest expense short-term loans paid 13,10,062 30,03,919 Interest financial expenses paid 13,10,062 35,73,911 Dividend and dividend distribution tax paid [abstract] Dividend paid [abstract] Dividend equity shares paid 1,82,81,250 3,65,62,500 Dividend paid 1,82,81,250 3,65,62,500 Dividend distribution tax paid [abstract] Dividend distribution tax equity shares paid 30,36,287 62,13,796 Dividend distribution tax paid 30,36,287 62,13,796 Dividend and dividend distribution tax paid 2,13,17,537 4,27,76,296 Net cash flow from used in financing activities -4,36,70,468 -7,60,70,619 Net increase decrease cash and cash equivalents -3,52,45,243 2,69,20,342 Cash and Cash Equivalents, Ending Balance 35,90,883 3,93,36,798 1,34,04,554

[100100] Schedule - Share capital


01/04/2010 to

31/03/2011

01/04/2009 to

31/03/2010Share capital [abstract] Authorised share capital [abstract] Authorised equity share capital 15,00,00,000 15,00,00,000 Authorised preference share capital 0 0 Authorised share capital 15,00,00,000 15,00,00,000 Issued subscribed share capital [abstract] Issued share capital [abstract] Equity share capital issued 14,62,50,000 14,62,50,000 Preference share capital issued 0 0 Issued share capital 14,62,50,000 14,62,50,000 Subscribed share capital [abstract] Equity share capital subscribed 14,62,50,000 14,62,50,000 Preference share capital subscribed 0 0 Subscribed share capital 14,62,50,000 14,62,50,000 Paid-up share capital [abstract] Paid-up equity share capital 14,62,50,000 14,62,50,000 Paid-up preference share capital 0 0 Paid-up share capital 14,62,50,000 14,62,50,000 Other details regarding share capital Click here to Enter Details... Click here to Enter Details...

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01/04/2010 to 31/03/2011Details of every class of share capital


Type of share Equity Nature of share Paid Nominal value per authorised share [INR/shares] 10 Number of authorised shares [shares] 1,50,00,000 Value of authorised shares 15,00,00,000 Nominal value per issued share [INR/shares] 10 Number of issued shares [shares] 1,46,25,000 Value of issued shares 14,62,50,000 Nominal value per subscribed share [INR/shares] 10 Number of subscribed shares [shares] 1,46,25,000 Value of subscribed shares 14,62,50,000 Nominal value per paid-up share [INR/shares] 10 Number of paid-up shares [shares] 1,46,25,000 Value of paid-up shares 14,62,50,000

01/04/2009 to 31/03/2010Details of every class of share capital


Type of share Equity Nature of share paid Nominal value per authorised share [INR/shares] 10 Number of authorised shares [shares] 1,50,00,000 Value of authorised shares 15,00,00,000 Nominal value per issued share [INR/shares] 10 Number of issued shares [shares] 1,46,25,000 Value of issued shares 14,62,50,000 Nominal value per subscribed share [INR/shares] 10 Number of subscribed shares [shares] 1,46,25,000 Value of subscribed shares 14,62,50,000 Nominal value per paid-up share [INR/shares] 10 Number of paid-up shares [shares] 1,46,25,000 Value of paid-up shares 14,62,50,000

19


[100200] Schedule - Reserves and Surplus


01/04/2010 to

31/03/2011

01/04/2009 to

31/03/201031/03/2009

Reserves surplus [abstract] Capital reserve [abstract] Capital Reserve, Ending Balance 81,02,415 81,02,415 81,02,415 Capital redemption reserve [abstract] Capital Redemption Reserve, Ending Balance 32,80,000 32,80,000 32,80,000 Securities premium [abstract] Securities Premium, Ending Balance 9,60,000 9,60,000 9,60,000 General reserve [abstract] Changes general reserve [abstract] Additions general reserve 25,00,000 90,00,000 Changes general reserve 25,00,000 90,00,000 General Reserve, Ending Balance 16,65,00,000 16,40,00,000 15,50,00,000 Profit loss account [abstract] Changes profit loss account [abstract] Additions profit loss account 9,06,16,528 8,12,70,484 Deductions profit loss account 1,94,97,541 5,17,05,685 Changes profit loss account 7,11,18,987 2,95,64,799 Profit (Loss) Account, Ending Balance 10,66,57,212 3,55,38,225 59,73,426 Reserves surplus 28,54,99,627 21,18,80,640 17,33,15,841

[100210] Schedule - Reserves and Surplus [Summary]


01/04/2010 to

31/03/2011

01/04/2009 to

31/03/201031/03/2009

Reserves surplus [abstract] Changes reserves surplus 7,36,18,987 3,85,64,799 Reserves and Surplus, Ending Balance 28,54,99,627 21,18,80,640 17,33,15,841

[100300] Schedule - Secured debt


31/03/2011 31/03/2010Secured loans [abstract] Working capital loans secured [abstract] Working capital loans banks secured 4,56,25,665 4,32,71,970 Working capital loans secured 4,56,25,665 4,32,71,970 Secured loans 4,56,25,665 4,32,71,970

20


[100400] Schedule - Unsecured debt


31/03/2011 31/03/2010Unsecured loans [abstract] Loans directors unsecured 0 2,15,78,880 Public deposits unsecured 0 0 Deferred sales tax loan unsecured 2,17,11,088 2,25,28,772 Other debt unsecured 40,00,000 50,00,000 Interest accrued due unsecured loans [abstract] Interest accrued due other debt unsecured 26,00,675 6,12,781 Interest accrued due unsecured loans 26,00,675 6,12,781 Unsecured loans 2,83,11,763 4,97,20,433

21


[100600] Schedule - Fixed assets


01/04/2010 to

31/03/2011

01/04/2009 to

31/03/201031/03/2009

Summary of assets [abstract] Net block [abstract] Additions to, gross block during period 7,27,97,050 3,25,60,158 Deductions in, gross block during period 2,13,15,835 33,40,212 Gross block, at end of period 54,45,94,254 49,31,13,039 46,38,93,090 Accumulated depreciation, amortization and impairment [abstract] Depreciation amortisation during period 5,00,89,160 4,75,90,830 Deductions in depreciation amortisation during period 1,89,44,376 12,26,467 Other adjustments to depreciation amortisation during period 43,54,432 0 Accumulated depreciation amortisation, at end of period 34,53,56,123 30,98,56,906 26,34,92,545 Accumulated impairment, at end of period 0 0 Accumulated depreciation amortisation impairment, at end of period 34,53,56,123 30,98,56,906 26,34,92,545 Net block, at end of period 19,92,38,131 18,32,56,133 20,04,00,545Capital work-in progress, net [abstract] Tangible assets work-in progress, net 1,08,13,722 74,31,443 Capital work-in progress, net 1,08,13,722 74,31,443Classes of assets [abstract] Tangible assets, net [abstract] Land and land improvements, net [abstract] Land, net [abstract] Free hold land, net [abstract] Accumulated impairment free hold land, at end of period 0 0 Lease hold land, net [abstract] Additions to lease hold land, gross during period 2 0 Deductions in lease hold land, gross during period 0 2 Lease hold land, gross, at end of period 82,57,934 82,57,932 82,57,934 Amortisation leasehold land during period 1,20,735 83,649 Accumulated amortisation leasehold land, at end of period 6,66,748 5,46,013 4,62,364 Accumulated impairment lease hold land, at end of period 0 0 Lease hold land, net, at end of period 75,91,186 77,11,919 77,95,570 Land, net 75,91,186 77,11,919 Land improvements, net [abstract] Accumulated depreciation land improvements, at end of period 0 0 Accumulated impairment land improvements, at end of period 0 0 Land and land improvements, net 75,91,186 77,11,919 Building and building improvements, net [abstract] Building, net [abstract] Residential building, net [abstract] Accumulated depreciation residential building, at end of period 0 0 Accumulated impairment residential building, at end of period 0 0 Office building, net [abstract] Accumulated depreciation office building, at end of period 0 0 Accumulated impairment office building, at end of period 0 0 Factory building, net [abstract] Additions to factory building, gross during period 2,42,26,645 56,608 Factory building, gross, at end of period 10,53,09,956 8,10,83,311 8,10,26,703 Depreciation factory building during period 50,72,489 43,76,683 Accumulated depreciation factory building, at end of period 4,45,90,986 3,95,18,496 3,51,41,814 Accumulated impairment factory building, at end of period 0 0 Factory building, net, at end of period 6,07,18,970 4,15,64,815 4,58,84,889 Other building, net [abstract] Accumulated depreciation other building, at end of period 0 0 Accumulated impairment other building, at end of period 0 0 Building, net 6,07,18,970 4,15,64,815 Building improvements, net [abstract]

22


Accumulated depreciation building improvements, at end of period 0 0 Accumulated impairment building improvements, at end of period 0 0 Building and building improvements, net 6,07,18,970 4,15,64,815 Plant machinery, net [abstract] Additions to plant machinery, gross during period 1,27,50,961 71,38,087 Deductions in plant machinery, gross during period 50,73,964 23,76,213 Plant machinery, gross, at end of period 21,76,70,249 20,99,93,252 20,52,31,378 Depreciation plant machinery during period 1,42,23,929 1,78,78,303 Deductions in depreciation plant machinery during period 43,54,433 4,72,422 Accumulated depreciation plant machinery, at end of period 14,61,76,927 13,63,07,431 11,89,01,550 Accumulated impairment plant machinery, at end of period 0 0 Plant machinery, net, at end of period 7,14,93,322 7,36,85,821 8,63,29,828 Equipments, net [abstract] Office equipments, net [abstract] Accumulated depreciation office equipments, at end of period 0 0 Accumulated impairment office equipments, at end of period 0 0 Factory equipments, net [abstract] Additions to factory equipments, gross during period 96,55,625 2,26,69,776 Factory equipments, gross, at end of period 12,96,87,811 12,00,32,186 9,73,62,409 Depreciation factory equipments during period 1,81,18,818 1,90,05,338 Accumulated depreciation factory equipments, at end of period 9,64,46,882 7,83,28,064 5,93,22,726 Accumulated impairment factory equipments, at end of period 0 0 Factory equipments, net, at end of period 3,32,40,929 4,17,04,122 3,80,39,683 Computer equipments, net [abstract] Additions to computer equipments, gross during period 74,93,088 9,71,501 Deductions in computer equipments, gross during period 78,81,919 0 Computer equipments, gross, at end of period 2,75,04,006 2,78,92,837 2,69,21,336 Depreciation computer equipments during period 16,79,262 28,90,761 Deductions in depreciation computer equipments during period 64,09,213 0 Other adjustments to depreciation computer equipments during period 41,35,915 0 Accumulated depreciation computer equipments, at end of period 2,24,16,922 2,30,10,958 2,01,20,197 Accumulated impairment computer equipments, at end of period 0 0 Computer equipments, net, at end of period 50,87,084 48,81,879 68,01,139 Other equipments, net [abstract] Accumulated depreciation other equipments, at end of period 0 0 Accumulated impairment other equipments, at end of period 0 0 Equipments, net 3,83,28,013 4,65,86,001 Furniture fixtures, net [abstract] Additions to furniture fixtures, gross during period 67,45,606 10,24,699 Furniture fixtures, gross, at end of period 3,26,31,322 2,58,85,716 2,48,61,017 Depreciation furniture fixtures during period 23,90,710 20,83,029 Other adjustments to depreciation furniture fixtures during period 2,18,517 0 Accumulated depreciation furniture fixtures, at end of period 1,83,25,311 1,57,16,084 1,36,33,055 Accumulated impairment furniture fixtures, at end of period 0 0 Furniture fixtures, net, at end of period 1,43,06,011 1,01,69,632 1,12,27,962 Vehicles, net [abstract] Ships vessels, net [abstract] Accumulated depreciation ships vessels, at end of period 0 0 Accumulated impairment ships vessels, at end of period 0 0 Aircrafts helicopters, net [abstract] Accumulated depreciation aircrafts helicopters, at end of period 0 0 Accumulated impairment aircrafts helicopters, at end of period 0 0 Motor vehicles, net [abstract] Additions to motor vehicles, gross during period 15,21,392 6,99,487 Deductions in motor vehicles, gross during period 10,02,227 9,63,997 Motor vehicles, gross, at end of period 1,04,63,553 99,44,388 1,02,08,898 Depreciation motor vehicles during period 9,27,247 10,64,992 Deductions in depreciation motor vehicles during period 8,23,005 7,54,045 Accumulated depreciation motor vehicles, at end of period 65,10,685 64,06,443 60,95,496 Accumulated impairment motor vehicles, at end of period 0 0 Motor vehicles, net, at end of period 39,52,868 35,37,945 41,13,402 Vehicles, net 39,52,868 35,37,945 Leasehold properties, net [abstract] Leasehold improvements, net [abstract]

23


Accumulated depreciation leasehold improvements, at end of period 0 0 Accumulated impairment leasehold improvements, at end of period 0 0 Leasehold building, net [abstract] Accumulated depreciation leasehold building, at end of period 0 0 Accumulated impairment leasehold building, at end of period 0 0 Leasehold plant machinery, net [abstract] Accumulated depreciation leasehold plant machinery, at end of period 0 0 Accumulated impairment leasehold plant machinery, at end of period 0 0 Leasehold equipments, net [abstract] Accumulated depreciation leasehold equipments, at end of period 0 0 Accumulated impairment leasehold equipments, at end of period 0 0 Leasehold vehicles, net [abstract] Accumulated depreciation leasehold vehicles, at end of period 0 0 Accumulated impairment leasehold vehicles, at end of period 0 0 Leasehold other assets, net [abstract] Accumulated depreciation leasehold other assets, at end of period 0 0 Accumulated impairment leasehold other assets, at end of period 0 0 Livestock, net [abstract] Accumulated impairment livestock, at end of period 0 0 Bridges roads ports culverts, net [abstract] Accumulated depreciation bridges roads ports culverts, at end of period 0 0 Accumulated impairment bridges roads ports culverts, at end of period 0 0 Railway sidings, net [abstract] Accumulated depreciation railway sidings, at end of period 0 0 Accumulated impairment railway sidings, at end of period 0 0 Plantations, net [abstract] Accumulated depreciation plantations, at end of period 0 0 Accumulated impairment plantations, at end of period 0 0 Books periodicals, net [abstract] Accumulated depreciation books periodicals, at end of period 0 0 Accumulated impairment books periodicals, at end of period 0 0 Mines quarries, net [abstract] Accumulated depreciation mines quarries, at end of period 0 0 Accumulated impairment mines quarries, at end of period 0 0 Other fixed assets, net [abstract] Accumulated depreciation other fixed assets, at end of period 0 0 Accumulated impairment other fixed assets, at end of period 0 0 Intangible assets, net [abstract] Acquired goodwill, net [abstract] Accumulated amortisation acquired goodwill, at end of period 0 0 Accumulated impairment acquired goodwill, at end of period 0 0 Knowhow, net [abstract] Deductions in knowhow, gross during period 73,57,725 0 Knowhow, gross, at end of period 26,65,692 1,00,23,417 1,00,23,417 Amortisation knowhow during period 0 2,08,075 Deductions in amortisation knowhow during period 73,57,725 0 Accumulated amortisation knowhow, at end of period 26,65,692 1,00,23,417 98,15,342 Accumulated impairment knowhow, at end of period 0 0 Knowhow, net, at end of period 0 0 2,08,075 Computer software, net [abstract] Additions to computer software, gross during period 1,04,03,731 0 Computer software, gross, at end of period 1,04,03,731 0 Amortisation computer software during period 75,55,970 0 Accumulated amortisation computer software, at end of period 75,55,970 0 Accumulated impairment computer software, at end of period 0 0 Computer software, net, at end of period 28,47,761 0 Patents trademarks design, net [abstract] Accumulated amortisation patents trademarks design, at end of period 0 0 Accumulated impairment patents trademarks design, at end of period 0 0 Commercial contractual rights, net [abstract] Accumulated amortisation commercial contractual rights, at end of period 0 0 Accumulated impairment commercial contractual rights, at end of period 0 0 Licenses, net [abstract] Accumulated amortisation licenses, at end of period 0 0

24


Accumulated impairment licenses, at end of period 0 0 Development cost, net [abstract] Accumulated amortisation development cost, at end of period 0 0 Accumulated impairment development cost, at end of period 0 0 Other intangible assets, net [abstract] Accumulated amortisation other intangible assets, at end of period 0 0 Accumulated impairment other intangible assets, at end of period 0 0 Assets financial lease, net [abstract] Accumulated depreciation amortisation assets financial lease, at end of period 0 0 Accumulated impairment assets financial lease, at end of period 0 0

25


[100610] Schedule - Fixed assets, net-gross classification


01/04/2010 to

31/03/2011

01/04/2009 to

31/03/201031/03/2009

Gross block [abstract] Tangible assets, gross [abstract] Land and land improvements, gross [abstract] Land, gross [abstract] Lease hold land, gross 82,57,934 82,57,932 82,57,934 Land, gross 82,57,934 82,57,932 Land and land improvements, gross 82,57,934 82,57,932 Building and building improvements, gross [abstract] Building, gross [abstract] Factory building, gross 10,53,09,956 8,10,83,311 8,10,26,703 Building, gross 10,53,09,956 8,10,83,311 Building and building improvements, gross 10,53,09,956 8,10,83,311 Plant machinery, gross 21,76,70,249 20,99,93,252 20,52,31,378 Equipments, gross [abstract] Factory equipments, gross 12,96,87,811 12,00,32,186 9,73,62,409 Computer equipments, gross 2,75,04,006 2,78,92,837 2,69,21,336 Equipments, gross 15,71,91,817 14,79,25,023 Furniture fixtures, gross 3,26,31,322 2,58,85,716 2,48,61,017 Vehicles, gross [abstract] Motor vehicles, gross 1,04,63,553 99,44,388 1,02,08,898 Vehicles, gross 1,04,63,553 99,44,388 Tangible assets, gross 53,15,24,831 48,30,89,622 Intangible assets, gross [abstract] Knowhow, gross 26,65,692 1,00,23,417 1,00,23,417 Computer software, gross 1,04,03,731 0 Intangible assets, gross 1,30,69,423 1,00,23,417 Gross block 54,45,94,254 49,31,13,039 46,38,93,090Accumulated depreciation, amortization and impairment [abstract] Accumulated depreciation amortisation [abstract] Accumulated depreciation on tangible assets [abstract] Accumulated depreciation land and land improvements [abstract] Accumulated depreciation land [abstract] Accumulated amortisation leasehold land 6,66,748 5,46,013 4,62,364 Accumulated depreciation land 6,66,748 5,46,013 Accumulated depreciation land improvements 0 0 Accumulated depreciation land and land improvements 6,66,748 5,46,013 Accumulated depreciation building and building improvements [abstract] Accumulated depreciation building [abstract] Accumulated depreciation residential building 0 0 Accumulated depreciation office building 0 0 Accumulated depreciation factory building 4,45,90,986 3,95,18,496 3,51,41,814 Accumulated depreciation other building 0 0 Accumulated depreciation building 4,45,90,986 3,95,18,496 Accumulated depreciation building improvements 0 0 Accumulated depreciation Building and building improvements 4,45,90,986 3,95,18,496 Accumulated depreciation plant machinery 14,61,76,927 13,63,07,431 11,89,01,550 Accumulated depreciation equipments [abstract] Accumulated depreciation office equipments 0 0 Accumulated depreciation factory equipments 9,64,46,882 7,83,28,064 5,93,22,726 Accumulated depreciation computer equipments 2,24,16,922 2,30,10,958 2,01,20,197 Accumulated depreciation other equipments 0 0 Accumulated depreciation equipments 11,88,63,804 10,13,39,022 Accumulated depreciation furniture fixtures 1,83,25,311 1,57,16,084 1,36,33,055 Accumulated depreciation vehicles [abstract] Accumulated depreciation ships vessels 0 0

26


Accumulated depreciation aircrafts helicopters 0 0 Accumulated depreciation motor vehicles 65,10,685 64,06,443 60,95,496 Accumulated depreciation vehicles 65,10,685 64,06,443 Accumulated depreciation leasehold properties [abstract] Accumulated depreciation leasehold improvements 0 0 Accumulated depreciation leasehold building 0 0 Accumulated depreciation leasehold plant machinery 0 0 Accumulated depreciation leasehold equipments 0 0 Accumulated depreciation leasehold vehicles 0 0 Accumulated depreciation leasehold other assets 0 0 Accumulated depreciation leasehold properties 0 0 Accumulated depreciation bridges roads ports culverts 0 0 Accumulated depreciation railway sidings 0 0 Accumulated depreciation books periodicals 0 0 Accumulated depreciation plantations 0 0 Accumulated depreciation mines quarries 0 0 Accumulated depreciation other fixed assets 0 0 Accumulated depreciation tangible assets 33,51,34,461 29,98,33,489 Accumulated amortisation on intangible [abstract] Accumulated amortisation acquired goodwill 0 0 Accumulated amortisation knowhow 26,65,692 1,00,23,417 98,15,342 Accumulated amortisation computer software 75,55,970 0 Accumulated amortisation patents trademarks design 0 0 Accumulated amortisation commercial contractual rights 0 0 Accumulated amortisation licenses 0 0 Accumulated amortisation development cost 0 0 Accumulated amortisation other intangible assets 0 0 Accumulated amortisation intangible assets 1,02,21,662 1,00,23,417 Accumulated depreciation amortisation assets financial lease 0 0 Accumulated depreciation amortisation 34,53,56,123 30,98,56,906 26,34,92,545 Accumulated impairment [abstract] Accumulated impairment on tangible assets [abstract] Accumulated impairment land and land improvements [abstract] Accumulated impairment land [abstract] Accumulated impairment lease hold land 0 0 Accumulated impairment free hold land 0 0 Accumulated impairment land 0 0 Accumulated impairment land improvements 0 0 Accumulated impairment Land and land improvement 0 0 Accumulated impairment building and building improvements [abstract] Accumulated impairment building [abstract] Accumulated impairment residential building 0 0 Accumulated impairment office building 0 0 Accumulated impairment factory building 0 0 Accumulated impairment other building 0 0 Accumulated impairment building 0 0 Accumulated impairment building improvements 0 0 Accumulated impairment Building and building improvements 0 0 Accumulated impairment plant machinery 0 0 Accumulated impairment equipments [abstract] Accumulated impairment office equipments 0 0 Accumulated impairment factory equipments 0 0 Accumulated impairment computer equipments 0 0 Accumulated impairment other equipments 0 0 Accumulated impairment equipments 0 0 Accumulated impairment furniture fixtures 0 0 Accumulated impairment vehicles [abstract] Accumulated impairment ships vessels 0 0 Accumulated impairment aircrafts helicopters 0 0 Accumulated impairment motor vehicles 0 0 Accumulated impairment vehicles 0 0 Accumulated impairment leasehold properties [abstract] Accumulated impairment leasehold improvements 0 0 Accumulated impairment leasehold building 0 0

27


Accumulated impairment leasehold plant machinery 0 0 Accumulated impairment leasehold equipments 0 0 Accumulated impairment leasehold vehicles 0 0 Accumulated impairment leasehold other assets 0 0 Accumulated impairment leasehold properties 0 0 Accumulated impairment livestock 0 0 Accumulated impairment bridges roads ports culverts 0 0 Accumulated impairment railway sidings 0 0 Accumulated impairment books periodicals 0 0 Accumulated impairment plantations 0 0 Accumulated impairment mines quarries 0 0 Accumulated impairment other fixed assets 0 0 Accumulated impairment tangible assets 0 0 Accumulated impairment on intangible assets [abstract] Accumulated impairment acquired goodwill 0 0 Accumulated impairment knowhow 0 0 Accumulated impairment computer software 0 0 Accumulated impairment patents trademarks design 0 0 Accumulated impairment commercial contractual rights 0 0 Accumulated impairment licenses 0 0 Accumulated impairment development cost 0 0 Accumulated impairment other intangible assets 0 0 Accumulated impairment intangible assets 0 0 Accumulated impairment assets financial lease 0 0 Accumulated impairment 0 0 Accumulated depreciation amortisation impairment 34,53,56,123 30,98,56,906 26,34,92,545Net block [abstract] Tangible assets, net [abstract] Land and land improvements, net [abstract] Land, net [abstract] Lease hold land, net 75,91,186 77,11,919 77,95,570 Land, net 75,91,186 77,11,919 Land and land improvements, net 75,91,186 77,11,919 Building and building improvements, net [abstract] Building, net [abstract] Factory building, net 6,07,18,970 4,15,64,815 4,58,84,889 Building, net 6,07,18,970 4,15,64,815 Building and building improvements, net 6,07,18,970 4,15,64,815 Plant machinery, net 7,14,93,322 7,36,85,821 8,63,29,828 Equipments, net [abstract] Factory equipments, net 3,32,40,929 4,17,04,122 3,80,39,683 Computer equipments, net 50,87,084 48,81,879 68,01,139 Equipments, net 3,83,28,013 4,65,86,001 Furniture fixtures, net 1,43,06,011 1,01,69,632 1,12,27,962 Vehicles, net [abstract] Motor vehicles, net 39,52,868 35,37,945 41,13,402 Vehicles, net 39,52,868 35,37,945 Tangible assets, net 19,63,90,370 18,32,56,133 Intangible assets, net [abstract] Knowhow, net 0 0 2,08,075 Computer software, net 28,47,761 0 Intangible assets, net 28,47,761 0 Net block 19,92,38,131 18,32,56,133 20,04,00,545Additions to gross block during period [abstract] Additions to tangible assets, gross during period [abstract] Additions to land and land improvements, gross during period [abstract] Additions to land gross during period [abstract] Additions to lease hold land, gross during period 2 0 Additions to land, gross during period 2 0 Additions to Land and land improvements, gross during period 2 0 Additions to building and building improvements, gross during period [abstract] Additions to building, gross during period [abstract] Additions to factory building, gross during period 2,42,26,645 56,608 Additions to building, gross during period 2,42,26,645 56,608

28


Additions to Building and building improvements, gross during period 2,42,26,645 56,608 Additions to plant machinery, gross during period 1,27,50,961 71,38,087 Additions to equipments, gross during period [abstract] Additions to factory equipments, gross during period 96,55,625 2,26,69,776 Additions to computer equipments, gross during period 74,93,088 9,71,501 Additions to equipments, gross during period 1,71,48,713 2,36,41,277 Additions to furniture fixtures, gross during period 67,45,606 10,24,699 Additions to vehicles, gross during period [abstract] Additions to motor vehicles, gross during period 15,21,392 6,99,487 Additions to vehicles, gross during period 15,21,392 6,99,487 Additions to tangible assets, gross during period 6,23,93,319 3,25,60,158 Additions to intangible assets, gross during period [abstract] Additions to computer software, gross during period 1,04,03,731 0 Additions to intangible assets, gross during period 1,04,03,731 0 Additions to, gross block during period 7,27,97,050 3,25,60,158Deductions in gross block during period [abstract] Deductions in tangible assets, gross during period [abstract] Deductions in land and land improvements, gross during period [abstract] Deductions in land, gross during period [abstract] Deductions in lease hold land, gross during period 0 2 Deductions in land, gross during period 0 2 Deductions in Land and land improvements, gross during period 0 2 Deductions in plant machinery, gross during period 50,73,964 23,76,213 Deductions in equipments, gross during period [abstract] Deductions in computer equipments, gross during period 78,81,919 0 Deductions in equipments, gross during period 78,81,919 0 Deductions in vehicles, gross during period [abstract] Deductions in motor vehicles, gross during period 10,02,227 9,63,997 Deductions in vehicles, gross during period 10,02,227 9,63,997 Deductions in tangible assets, gross during period 1,39,58,110 33,40,212 Deductions in intangible assets, gross during period [abstract] Deductions in knowhow, gross during period 73,57,725 0 Deductions in intangible assets, gross during period 73,57,725 0 Deductions in, gross block during period 2,13,15,835 33,40,212Depreciation amortisation during period [abstract] Depreciation tangible assets during period [abstract] Depreciation land and land improvements during period [abstract] Depreciation land during period [abstract] Amortisation leasehold land during period 1,20,735 83,649 Depreciation land during period 1,20,735 83,649 Depreciation land and land improvements during period 1,20,735 83,649 Depreciation building and building improvements during period [abstract] Depreciation building during period [abstract] Depreciation factory building during period 50,72,489 43,76,683 Depreciation building during period 50,72,489 43,76,683 Depreciation Building and building improvements during period 50,72,489 43,76,683 Depreciation plant machinery during period 1,42,23,929 1,78,78,303 Depreciation equipments during period [abstract] Depreciation factory equipments during period 1,81,18,818 1,90,05,338 Depreciation computer equipments during period 16,79,262 28,90,761 Depreciation equipments during period 1,97,98,080 2,18,96,099 Depreciation furniture fixtures during period 23,90,710 20,83,029 Depreciation vehicles during period [abstract] Depreciation motor vehicles during period 9,27,247 10,64,992 Depreciation vehicles during period 9,27,247 10,64,992 Depreciation tangible assets during period 4,25,33,190 4,73,82,755 Amortisation intangible assets during period [abstract] Amortisation knowhow during period 0 2,08,075 Amortisation computer software during period 75,55,970 0 Amortisation intangible assets during period 75,55,970 2,08,075 Depreciation amortisation during period 5,00,89,160 4,75,90,830Deductions in depreciation amortisation during period [abstract] Deductions in depreciation tangible assets during period [abstract] Deductions in depreciation plant machinery during period 43,54,433 4,72,422

29


Deductions in depreciation equipments during period [abstract] Deductions in depreciation computer equipments during period 64,09,213 0 Deductions in depreciation equipments during period 64,09,213 0 Deductions in depreciation vehicles during period [abstract] Deductions in depreciation motor vehicles during period 8,23,005 7,54,045 Deductions in depreciation vehicles during period 8,23,005 7,54,045 Deductions in depreciation tangible assets during period 1,15,86,651 12,26,467 Deductions in amortisation intangible assets during period [abstract] Deductions in amortisation knowhow during period 73,57,725 0 Deductions in amortisation intangible assets during period 73,57,725 0 Deductions in depreciation amortisation during period 1,89,44,376 12,26,467Other adjustments to depreciation amortisation during period [abstract] Other adjustments to depreciation tangible assets during period [abstract] Other adjustments to depreciation equipments during period [abstract] Other adjustments to depreciation computer equipments during period 41,35,915 0 Other adjustments to depreciation equipments during period 41,35,915 0 Other adjustments to depreciation furniture fixtures during period 2,18,517 0 Other adjustments to depreciation tangible assets during period 43,54,432 0 Other adjustments to depreciation amortisation during period 43,54,432 0

[100700] Schedule - Investments


31/03/2011 31/03/2010Investments, net [abstract] Current and long-term investments [abstract] Current investments [abstract] Mutual funds current [abstract] Mutual funds current non-trade 1,50,00,000 2,50,18,023 Mutual funds current 1,50,00,000 2,50,18,023 Current investments 1,50,00,000 2,50,18,023 Current and long-term investments 1,50,00,000 2,50,18,023 Investment subsidiaries 23,46,745 1,60,00,000 Investments, net 1,73,46,745 4,10,18,023

[100800] Schedule - Sundry debtors


31/03/2011 31/03/2010Sundry debtors [abstract] Sundry debtors, gross [abstract] Debtors exceeding six months [abstract] Debtors considered good exceeding six months unsecured 51,01,428 1,28,04,680 Debtors considered doubtful exceeding six months unsecured 37,39,378 0 Debtors exceeding six months 88,40,806 1,28,04,680 Debtors within six months [abstract] Debtors considered good within six months unsecured 14,16,47,734 12,18,43,069 Debtors considered doubtful within six months unsecured 1,03,005 0 Debtors within six months 14,17,50,739 12,18,43,069 Sundry debtors, gross 15,05,91,545 13,46,47,749 Provision doubtful debts 38,42,383 0 Sundry debtors 14,67,49,162 13,46,47,749

30


[100900] Schedule - Cash and bank balances


31/03/2011 31/03/2010Cash bank balance [abstract] Cash balance hand [abstract] Cash hand 1,10,486 8,79,514 Cash balance hand 1,10,486 8,79,514 Bank balances [abstract] Balance scheduled banks [abstract] Balance scheduled banks current account 17,93,119 3,78,66,132 Balance scheduled banks deposit account 18,22,551 13,50,289 Balance scheduled banks other account 16,53,860 5,69,699 Balance scheduled banks 52,69,530 3,97,86,120 Bank balances 52,69,530 3,97,86,120 Cash bank balance 53,80,016 4,06,65,634

[101000] Schedule - Inventories


31/03/2011 31/03/2010Inventories [abstract] Inventories raw materials 12,09,19,431 7,95,45,512 Inventories stores spares 21,36,794 17,16,577 Inventories work-in progress 3,47,41,485 2,64,10,851 Inventories finished goods [abstract] Inventories finished goods traded 9,79,463 18,47,663 Inventories finished goods manufactured 5,30,31,726 2,33,08,552 Inventories finished goods 5,40,11,189 2,51,56,215 Inventories 21,18,08,899 13,28,29,155

[101100] Schedule - Other current assets


31/03/2011 31/03/2010Other current assets [abstract] Interest income accrued but not due 1,49,584 3,28,783 Other current assets 1,49,584 3,28,783

31


[101200] Schedule - Loans and advances


31/03/2011 31/03/2010Loans advances [abstract] Unsecured loans advances [abstract] Unsecured loans advances value be received 1,43,49,099 87,62,958 Unsecured loans advances 1,43,49,099 87,62,958 Advance tax paid [abstract] Advance sales tax paid 63,40,343 0 Advance tax paid 63,40,343 0 Deposit assets [abstract] Deposits with statutory authorities 2,44,58,128 94,98,931 Other deposit assets 56,24,691 48,12,664 Deposit assets 3,00,82,819 1,43,11,595 Other loans advances 5,00,000 0 Provision for doubtful loans and advances 15,00,000 0 Share loans advances joint ventures 0 0 Loans advances 4,97,72,261 2,30,74,553

[101300] Schedule - Current liabilities


31/03/2011 31/03/2010Current liabilities [abstract] Sundry creditors [abstract] Creditors due small micro enterprises 0 0 Creditors due others 10,06,54,798 7,09,42,114 Sundry creditors 10,06,54,798 7,09,42,114 Customer other advances [abstract] Advance received against customers 67,61,878 62,02,074 Customer other advances 67,61,878 62,02,074 Deposit liabilities [abstract] Public deposit payable current 0 0 Other current liabilities 41,34,622 12,72,454 Current liabilities 11,15,51,298 7,84,16,642

32


[101400] Schedule - Provisions


31/03/2011 31/03/2010Provisions [abstract] Provisions dividend and dividend tax [abstract] Provisions dividend [abstract] Provision dividend equity shares 1,46,25,000 1,82,81,250 Provisions dividend 1,46,25,000 1,82,81,250 Provision dividend distribution tax [abstract] Provision dividend distribution tax equity shares 23,72,541 30,36,287 Provision dividend distribution tax 23,72,541 30,36,287 Provisions dividend and dividend tax 1,69,97,541 2,13,17,537 Provision employees related liabilities [abstract] Provision gratuity 18,46,620 6,50,000 Provision leave encashment 37,07,146 30,73,988 Provision employees related liabilities 55,53,766 37,23,988 Tax provision [abstract] Current tax provision 46,21,692 6,75,848 Wealth tax provision 50,000 50,000 Tax provision 46,71,692 7,25,848 Provision warranty other related expense 20,00,000 0 Provisions 2,92,22,999 2,57,67,373

[101500] Schedule - Miscellaneous Expenditure Not Written Off


31/03/2011 31/03/2010Miscellaneous expenditure not written off [abstract] Miscellaneous expenditure not written off 0 0

[101600] Additional Details - Balance Sheet


01/04/2010 to

31/03/2011

01/04/2009 to

31/03/2010Additional information relating to balance sheet items Additional information regarding share capital [abstract] Breakup of equity capital [abstract] Percentage of equity shares held up by directors and related parties 100.00% Details of deposits [abstract] Deposits accepted or renewed during period 0 0 Deposits matured and claimed but not paid during period 0 0 Deposits matured and claimed but not paid 0 0 Interest on deposits accrued and due but not paid 0 0 Unpaid dividend 0 0

33


[400100] Notes - Accounting policies and basis of presentation


01/04/2010 to

31/03/2011Disclosure of accounting policies and basis of presentation [text block] Disclosure of basis of presentation [text block] Textual information (3) [See below] Disclosure of significant accounting policies [text block] Textual information (4) [See below]


Disclosure of basis of presentation [text block] 1. Nature of operations

Rishabh Instruments Private Limited (the Company) is primarily engaged in the manufacturing, designing and development of Testand Measuring Instruments and Industrial Control Products. The Companys business is diversified in two broad product categoriesviz., Test and Measuring Instruments and Industrial Control Products.

a) Basis of Preparation

The financial statements have been prepared to comply in all material respects with the accounting standard notified by Companies(Accounting Standards) Rules, 2006, (as amended) and the relevant provisions of the Companies Act, 1956. The financialstatements have been prepared under the historical cost convention on an accrual basis. The accounting policies have beenconsistently applied by the Company and are consistent with those used in the previous year.

34



Disclosure of significant accounting policies [text block] Statement on Significant Accounting Policies

a) Basis of Preparation

The financial statements have been prepared to comply in all material respects with the accounting standard notified by Companies(Accounting Standards) Rules, 2006, (as amended) and the relevant provisions of the Companies Act, 1956. The financialstatements have been prepared under the historical cost convention on an accrual basis. The accounting policies have beenconsistently applied by the Company and are consistent with those used in the previous year.

b) Use of estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to makeestimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at thedate of the financial statement and the results of operations during the reporting period end. Although these estimates are basedupon managements best knowledge of current events and actions, actual results could differ from these estimates.

c) Fixed Assets and capital work in progress

Fixed Assets are stated at cost, less accumulated depreciation and impairment losses, if any. Cost comprises the purchase price andany attributable cost of bringing the assets to its working condition for its intended use.

Capital work in progress comprises outstanding advances paid to acquire fixed assets, and the cost of fixed assets that are not readyfor their intended use at the balance sheet date.

In respect of accounting periods commencing on or after 7th December, 2006, exchange differences arising on reporting of thelong-term foreign currency monetary items at rates different from those at which they were initially recorded during the period, orreported in the previous financial statements are added to or deducted from the cost of the asset and are depreciated over thebalance life of the asset, if these monetary items pertain to the acquisition of a depreciable fixed asset.

d) Depreciation

(i) Depreciation is provided using Written Down Value Method as per the useful lives of the assets estimated bythe management, or at the rates prescribed under Schedule XIV to the Companies Act, 1956, whichever is higher:

Category of Assets Schedule XIV Rates (WDV) %

Rates Adopted %

Factory Building 10.00 10.00Other building 5.00 5.00Plant and Machinery 13.91-27.82 13.91-27.82Moulds 40.00 40.00Computer Hardware 40.00 40.00Furniture and Fixtures 18.10 18.10Vehicles 25.89 25.89

35


(ii) Assets costing upto Rs 5,000 are depreciated at the rate of 100 % in the year of purchase.

(iii) Leasehold land is amortized over the unexpired period of the lease.

e) Intangible assets

Software Licenses

Costs relating to Software licenses and their implementation costs having economic useful life are capitalised and amortised on astraight-line basis over their useful lives. Software licenses without useful economic life are charged off to the Profit and LossAccount in the year of purchase.

Technical Know-how

Costs relating to technical know-how, patents and licenses, which are acquired, are capitalized and amortized on a straight-linebasis over their useful lives.

f) Leases

Where the Company is the lessee

Leases where the lessor effectively retains substantially all the risks and benefits of ownership of the leased item are classified asOperating Leases. Operating lease payments are recognised as an expense in the Profit and Loss account on a straight line basisover the lease term.

Where the Company is the lessor

Assets subject to operating leases are included in fixed assets. Lease income is recognised in the Profit and Loss Account on astraight-line basis over the lease term. Costs, including depreciation are recognised as an expense in the Profit and Loss Account.Initial direct costs such as legal costs, brokerage costs, etc. are recognised immediately in the Profit and Loss Account.

g) Government grants and subsidies

Grants and subsidies from the government are recognized when there is reasonable assurance that the grant/subsidy will bereceived and all attaching conditions will be complied with.

Government grants of the nature of promoters contribution are credited to capital reserve and treated as a part of shareholdersfunds.

h) Investments

36


Investments that are readily realisable and intended to be held for not more than a year are classified as current investments. Allother investments are classified as long-term investments. Current investments are carried at lower of cost and fair valuedetermined on an individual investment basis. Long-term investments are carried at cost. However, provision for diminution invalue is made to recognise a decline other than temporary in the value of the investments.

i) Inventories

Inventories are valued as follows:

Raw materials,components, stores andspare parts

Lower of cost and net realizable value. However, materials and other items held for use in theproduction of inventories are not written down below cost if the finished products in which theywill be incorporated are expected to be sold at or above cost. Cost is determined on a weightedaverage basis.

Work-in-progress andfinished goods

Lower of cost and net realizable value. Cost includes direct materials and labour and aproportion of manufacturing overheads based on normal operating capacity. Cost of finishedgoods includes excise duty. Cost is determined on a weighted average basis.

Trading goods Lower of cost and net realizable value. Cost is determined on a weighted average basis.

Scrap Stock Scrap stock is valued at net realizable value

Net realizable value is the estimated selling price in the ordinary course of business, less estimated costs of completion andestimated cost necessary to make sale.

j) Revenue Recognition

Revenue is recognized to the extent it is probable that the economic benefits will flow to the Company and the revenue can bereliably measured.

Sale of goods

Revenue is recognized when the significant risks and rewards of ownership of the goods have passed to the buyer.Excise duty deducted from turnover (gross) is the amount that is included in the amount of turnover (gross) and notthe entire amount of liability arising during the year.

Income from Services

Revenues from services transactions is recognised based on completion of service.

Interest

Income is recognized on a time proportion basis taking into account the amount outstanding and the rate applicable.

Export benefits

Export benefits are recognised in the profit and loss account when the right to receive credit as per the terms of the entitlement isestablished in respect of exports made.

37


k) Borrowing Costs

Borrowing costs directly attributable to the acquisition, construction or production of an asset that necessarily takes a substantialperiod of time to get ready for its intended use or sale are capitalized as part of the cost of the respective asset. All other borrowingcosts are expensed in the period they occur. Borrowing costs consist of interest and other costs that an entity incurs in connectionwith the borrowing of funds.

l) Foreign Currency Translation

(i) Initial RecognitionForeign currency transactions are recorded in the reporting currency by applying to the foreign currency amountthe exchange rate between the reporting currency and the foreign currency at the date of the transaction.

(ii) ConversionForeign currency monetary items are reported using the closing rate. Non-monetary items which are carried interms of historical cost denominated in a foreign currency are reported using the exchange rate at the date of thetransaction.

(iii) Exchange Differences

Exchange differences arising on the settlement of monetary items or on reporting Company's monetary items at rates different from those at which they were initially recorded during the year or reported in the previousfinancial statements, are recognized as income or as expenses in the year in which they arise.

m) Retirement and Other Employee Benefits

(i) Retirement benefits in the form of Provident Fund and Superannuation fund are defined contribution schemes and thecontributions are charged to the Profit and Loss Account of the year when the contributions to the respective funds are due.There are no other obligations other than the contribution payable to the respective funds.

(ii) Gratuity liability is a defined benefit obligation and is provided for on the basis of an actuarial valuation on projected unit credit method made at the end of each financial year.

(iii) Short term compensated absences are provided for based on estimates. Long term compensated absences are provided for based on actuarial valuation. The actuarial valuation is done as per projected unit credit method.

(iv) Actuarial gains/losses are immediately taken to profit and loss account and are not deferred.

n) Income Tax

Tax expense comprises current and deferred taxes. Current income-tax is measured at the amount expected to be paidto the tax authorities in accordance with the Income Tax Act., 1961 enacted in India. Deferred income taxes reflects the impact of current period timing differences between taxable income and accounting income for the year and

38


reversal of timing differences of earlier years. The Company is eligible and claims tax deduction available underSection 10B of the Income Tax Act, 1961, in respect of income derived from its units operating with the ExportOriented Undertaking Scheme.

Deferred tax is measured based on the tax rates and the tax laws enacted or substantively enacted at the balance sheet date.Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set off current tax assets againstcurrent tax liabilities and the deferred tax assets and deferred tax liabilities relate to the taxes on income levied by same governingtaxation laws. Deferred tax assets are recognized only to the extent that there is reasonable certainty that sufficient future taxableincome will be available against which such deferred tax assets can be realized. In situations where the Company has unabsorbeddepreciation and carry forward tax losses, all deferred tax assets are recognised only if there is virtual certainty supported byconvincing evidence that they can be realised against future taxable profits.

At each balance sheet date the Company re-assesses unrecognised deferred tax assets. It recognises unrecognised deferred taxassets to the extent that it has become reasonably certain or virtually certain, as the case may be that sufficient future taxableincome will be available against which such deferred tax assets can be realised.

The carrying amount of deferred tax assets are reviewed at each balance sheet date. The Company writes-down the carryingamount of a deferred tax asset to the extent that it is no longer reasonably certain or virtually certain, as the case may be, that

sufficient future taxable income will be available against which deferred tax asset can be realised . Any such write-down isreversed to the extent that it becomes reasonably certain or virtually certain, as the case may be, that sufficient future taxableincome will be available

Minimum Alternative Tax (MAT) credit is recognised as an asset only when and to the extent there is convincing evidence that theCompany will pay normal income tax during the specified period. In the year in which MAT credit becomes eligible to be recognised as an asset in accordance with the recommendations contained in Guidance Note issued by the Institute of CharteredAccountants of India, the said asset is created by way of a credit to the profit and loss account and shown as MAT CreditEntitlement. The Company reviews the same at each balance sheet date and writes down the carrying amount of MAT CreditEntitlement to the extent there is no longer convincing evidence to the effect that Company will pay normal Income Tax during thespecified period.

o) Segment Reporting Policies

Identification of segments:

The Companys operating businesses are organized and managed separately according to the nature of products andservices provided, with each segment representing a strategic business unit that offers different products and servesdifferent markets. The analysis of geographical segments is based on the areas in which major operating divisions ofthe Company operate.

Segment Policies:

The company prepares its segment information in conformity with the accounting policies adopted for preparing andpresenting the financial statements of the company as a whole.

p) Research and development costs

Research and development expenditure of capital nature is added to fixed assets. All other research and development expenditure iswritten off in the year in which it is incurred,

q) Earning per share

39


Basic and diluted earnings per share are calculated by dividing the net profit or loss for the period attributable toequity shareholders by the weighted average number of equity shares outstanding during the period.

r) Provisions, Contingent Liabilities and Contingent Assets

A provision is recognized when an enterprise has a present obligation as a result of past event; it is probable that an outflow ofresources will be required to settle the obligation, in respect of which a reliable estimate can be made. Provisions are not discountedto its present value and are determined based on best estimate required to settle the obligation at the balance sheet date. These arereviewed at each balance sheet date and adjusted to reflect the current best estimates.

Contingent Liabilities are usually not provided for, unless it is probable that the future outcome may be materially detrimental tothe Company. Contingent assets are not recognised as assets in view of uncertainty involved.

s) Warranty Costs

A provision is recognized for expected warranty claims on products sold, based on past experience of level of repairs and returns. Itis expected that the most of this cost will be incurred in the next financial year and all will have been incurred within three years ofthe balance sheet date. Assumption used to calculate the provision for warranties are based on current sales level and currentinformation available about returns based on the three year warranty period for all products sold.

t) Cash and Cash Equivalents

Cash and cash equivalents for the purposes of cash flow statement comprise cash at bank and in hand and short-term investmentswith an original maturity of three months or less.

[400300] Notes - Events Occuring After Balance Sheet Date


01/04/2010 to

31/03/2011Disclosure of events occurring after balance sheet date [text block] Textual information (5) [See below]

40



Disclosure of events occurring after balance sheet date [text block] Subsequent events

On July 18, 2011, the Company, pursuant to a share purchase agreement signed on May 25, 2011, has acquired 85% stake in Lubuskie Zaklady Aparatw Elektrycznych LUMEL S.A., near Zielona Gora, Poland for a consideration of INR 467,518,946 through awholly-owned subsidiary ECO 1 sp z.o.o. from State Treasury of the Republic of Poland.

[400600] Notes - Government grants and subsidies


01/04/2010 to

31/03/2011Disclosure of government grants and subsidies [text block] Textual information (6) [See below]


Disclosure of government grants and subsidies [text block] Capital Reserve

During the previous years, the Company has received an amount of Rs. 8,102,415 from ICICI Bank under the facility of theEuropean Community Investment Program for stimulating Economic Development through joint ventures. The amount received,being in the nature of a grant, has been treated as a capital receipt and disclosed in the Balance Sheet under Capital Reserve.

[400800] Notes - Employee Benefits


01/04/2010 to

31/03/2011Disclosure of employee benefits [text block] Textual information (7) [See below]

41



Disclosure of employee benefits [text block] Gratuity

The Company has a defined benefit gratuity plan. Every employee who has completed five years or more of service gets a gratuityon departure at 15 days salary (last drawn salary) for each completed year of service. The scheme is funded with an insurancecompany in the form of a qualifying insurance policy.

The following tables summarize the components of net benefit expense recognized in the profit and loss account and the fundedstatus and amounts recognized in the balance sheet for the plan.

Profit and Loss Account

Net employee benefit expense (recognised in Personnel Expenses)

2010-11 2009-10

Current service cost 1,137,380 2,426,058Interest cost 800,931Expected return on plan assets (150,931) (630,111)Net actuarial loss / (gain) recognised in the year 586,552 (80,876)Past service cost -Net benefit expense 2,373,932 2,473,453

Balance sheet Details of Provision for Gratuity

2010-11 2009-10

Defined benefit obligation 13,687,995 10,661,643Fair value of plan assets 11,841,375 10,011,643

Less: Unrecognised past service cost -Plan (Liability) (1,846,620) (650,000)

Changes in the present value of the defined benefit obligation are as follows:

2010-11 2009-10

Opening defined benefit obligation 10,661,643 7,876,390Interest cost 800,931Current service cost 1,137,380 2,426,058Benefits paid (323,602) (416,832)Actuarial losses on obligation 1,411,643Closing defined benefit obligation 13,687,995 10,661,643

Changes in the fair value of plan assets are as follows: 2010-11 2009-10

Opening fair value of plan assets 10,011,643 7,876,390Expected return on plan assets 150,931Contributions by employer 1,177,312 1,823,453Benefits paid (323,602) (416,832)Actuarial losses 825,091Closing fair value of plan assets 11,841,375 10,011,643

The major categories of plan assets as a percentage of the fair value of total plan assets are as follows:Particulars 2010-11 2009-10

% %

42


Investments with insurer 100% 100%

The overall expected rate of return on assets is determined based on the market prices prevailing on that date, applicable to the period over which the obligation is to be settled. There has been significant change in expected rate of return on assets due to the

improved stock market scenario.

The principal assumptions used in determining gratuity for the Companys plans shown below: Particulars 2010-11 2009-10

% %

Discount rate 8.00 7.00Expected rate of return on assets 8.00 8.00Increase in Compensation cost 10.00 10.00Attrition Rate 12.00 12.00

The estimates of future salary increases, considered in actuarial valuation, take account of inflation, seniority, promotion and otherrelevant factors, such as supply and demand in the employment market.

Note:

a) Information relating to experience adjustment in the acturial valuation of gratuity as required by Para 120(n)(ii) of the AccountingStandard 15 (revised) on Employee Benefits is not available with the Company and accordingly, has not been furnished.

b) The Companys expected contribution to the fund in the next year is not presently ascertainable and hence, the contributionexpected to be paid to the plan during the annual period beginning after the balance sheet date as required by para 120 (o) of theAccounting Standard 15 (Revised) on Employee Benefits has not been disclosed.

[400900] Notes - Segment Reporting


01/04/2010 to

31/03/2011Disclosure of segment information [text block] Textual information (8) [See below]

43



Disclosure of segment information [text block] 1. Segment Information

i. Primary Segment Business SegmentThe Company is primarily engaged in the manufacture of Electrical measuring and testing instruments. The entire operation isgoverned by the same set of risk and returns and hence, the same has been considered as representing a single primary segment. The said treatment is in accordance with the guiding principles enunciated in Accounting Standard-17 on Segmental Reporting.

ii. Secondary Segment Geographical Segment

Geographical Segment is the Secondary Segment and the location of its customers i.e. India and Outside India have been used.Since sales out of India are made to many countries, all these have been considered under Outside India.

Information pertaining to Secondary Segment

Geographical SegmentSegment RevenueParticulars 2010-11 2009-10India 368,515,844 370,806,411Outside India 298,458,350 265,662,062

Total 666,974,194 636,468,473

Carrying amount of segment assets and intangible assets (other than Capital Work-In-Progress)Particulars 2010-11 2009-10India 571,078,059 500,227,088Outside India 52,930,134 53,087,567

Total 624,008,193 553,314,655

Addition to fixed assets and intangible assetsParticulars 2010-11 2009-10India 63,223,441 33,744,433Outside India - -

Total 63,223,441 33,744,433

[401000] Notes - Related Parties


01/04/2010 to

31/03/2011Disclosure of related parties [text block] Disclosure of related parties [abstract] Details of all related parties of company [text block] Textual information (9) [See below] Details of transactions with related parties aggregated category wise [text block] Textual information (10) [See below]

44



Details of all related parties of company [text block] Related Party Disclosure

Names of related parties and description of relationship:

a) Names of related parties where control exists irrespective of whether transactions have occurred or not:

Share holder: Mr. Narendra Goliya

Subsidiary Company: Rishabh Applied Meters Pvt. Ltd. b) Names of other related parties with whom transactions have taken place during the year:

i) Key management personnel:Mr. Narendra Goliya (Managing Director)

ii) Relatives of key management personnel:Mr. Devendra Goliya (Brother)

Mrs. Asha Goliya (Wife) Mr. Rishabh Goliya (Son)

iii) Enterprises owned or significantly influenced by key management personnel or their relatives: Shanti Instruments Private Limited, IndiaGoliya Trading LLC, DubaiNarendra Rishabh Goliya (HUF), India

45



Details of transactions with related parties aggregated category wise [text block]Transactions along with related parties as at March 31, 2011 and March 31, 2010 are as follows (Previous year figures are shown in brackets)

Particulars Subsidiaries Key

ManagementPersonnel

Relatives of Key

ManagementPersonnel

Enterprises owned or significantly

influenced by key management

personnel or theirrelatives

Total

A) Transactions during the year:

Sale ofManufactured Goods

1,786 - - 29,586,657 29,586,657

(2,017,166) - - (16,112,973) (18,130,139)

Purchases- - - 1,692,218 1,692,218

- - - (1,425,990) (1,425,990)

Rent- 1,500,000 720,000 - 2,220,000

- (1,500,000) (720,000) - (2,220,000)

Rent income180,000 - - - 180,000

(360,000) - --

(360,000)

Dividend paid- 14,676,563 3,281,250 323,438 18,281,250

- (29,353,125) (6,562,500) (646,875) (36,562,500)

Interest - others - 1,807,496 1,082,143 - 2,889,639

- - (680,959)-

(680,959)

Loan taken- 14,500,000 2,500,000 - 17,000,000

- (19,502,500) (5,700,000)-

(25,202,500)

Loan repaid- 28,678,280 9,900,600 - 38,578,880

- (5,324,220) (3,200,000) - (8,524,220)

Commission - others- - - 1,197,448 1,197,448

(1,112,000) - - (3,580,550) (4,692,550)

Commission income- - - 3,610,809 3,610,809

- - - (3,124,719) (3,124,719)

Remuneration- 2,688,000 - 279,780 2,967,780

- (2,688,000) - 279,780 (2,408,220)

Bad debts written off- - - 1,192,597 1,192,597

(6,329,672) - - - ( 6,329,672 )

Bad debts expensed- - - 1,550,000 1,550,000

46


Recovered - - - - -

Provision forpermanentdiminution in thevalue of investments

13,653,255 - - - 13,653,255

- - - - -

B) Closing Balances as at the end of the year :

Sundry Debtors- - - 15,928,190 15,928,190

(1,623,616) - - (10,415,730) (12,039,346)

Sundry Creditors- - 648,000 1,188,437 1,836,437

- - (162,000) (641,036) (803,036)

Interest accrued anddue on loan fromdirectors andshareholders

- 1,626,746 973,929 - 2,600,675

- - (612,781) - (612,781)

Loan Outstanding- - - - -

- (14,178,280) (7,400,600) - (21,578,880)

AdvancesRecoverable in Cashor Kind

- 742,338 76,789 - 819,127

- (31,612) - - (31,612)

Parties having transactions more than 10% are as follows:Particulars 2010-11 2009-10

A) Transactions during the year: Sale of Manufactured Goods Shanti Instruments Private Limited 29,586,657 16,112,973Rishabh Applied Meters Private Limited 1,786 2,017,166 Purchases Shanti Instruments Private Limited 1,692,218 1,425,990 Rent Mr. Narendra Goliya 1,500,000 720,000 Mr. Devendra Goliya 1,500,000 720,000 Rent income Rishabh Applied Meters Private Limited 180,000 360,000 Dividend paid Mr. Narendra Goliya 14,676,563 29,353,125 Mrs. Asha Goliya 2,812,500 5,625,000 Interest others Mr. Narendra Goliya 1,807,496 - Mrs. Asha Goliya 1,082,143 680,959 Loan taken Mr. Narendra Goliya 14,500,000 19,502,500 Mrs. Asha Goliya 2,500,000 5,700,000 Loan repaidMr. Narendra Goliya 28,678,280 5,324,220Mrs. Asha Goliya 9,900,600 3,200,000

Commission others Goliya Trading LLC 1,197,448 3,580,550 Rishabh Applied Meters Private Limited - 1,112,000 Commission income Shanti Instruments Private Limited 3,610,809 3,124,719 Remuneration Mr. Narendra Goliya 2,688,000 2,688,000 Mr. Rishabh Goliya 279,780 279,780

47


Bad debts written off Goliya Trading LLC 1,082,746 - Rishabh Applied Meters Private Limited - 6,329,672

Bad debts expensed recovered Rishabh Applied Meters Private Limited 1,550,000 - Provision for permanent dimunition in the value ofinvestmentsRishabh Applied Meters Private Limited 13,653,255 -

B) Closing Balances as at the end of the year :Sundry Debtors Shanti Instruments 15,928,190 8,512,475Goliya Trading LLC - 1,903,255Rishabh Applied Meters Private Limited - 1,623,616 Sundry Creditors Shanti Instruments 1,188,437 641,036Mr. Devendra Goliya 648,000 162,000 Interest accrued and due on loan from directors andshareholders

Mr. Narendra Goliya 1,626,746 -Mrs. Asha Goliya 973,929 612,781 Loan outstanding Mr. Narendra Goliya - 14,178,280Mrs. Asha Goliya - 7,400,600 Advances recoverable in cash or kind Mr. Narendra Goliya 742,338 31,612 Mr. Rishabh Goliya 76,789 -

[401100] Notes - Leases


01/04/2010 to

31/03/2011Disclosure of leases [text block] Textual information (11) [See below]

48



Disclosure of leases [text block] Operating Lease

In case of assets taken on lease Amount in (Rs.)

For the year ended March

31, 2011For the year ended March

31, 2010

Current Lease Payments

Lease payments for the year [including non-cancellable lease rent of Rs.Nil (Previous year : Rs. Nil)]

3,620,389 2,971,603

Total 3,620,389 2,971,603

General Description of the leasing agreement-

i. The Company has taken factory land, office premises, staff accomodation and warehouses at various locations in India oncancellable operating leases.

ii. Lease rentals are charged to the profit and loss account for the year. iii. There are no sub-leases. There is no contingent rent. iv. The agreements for leased premises range between 11 months to 72 months.

v. At the expiry of the lease term, the Company has an option to terminate the lease agreement or renew the term by giving writtennotice. There are no restrictions imposed by lease arrangements.

In case of assets given on leaseAmount in (Rs.)

For the year ended March

31, 2011For the year ended March

31, 2010

Current Lease Rental Income

Lease rental income for the year [including non-cancellable lease rent ofRs. Nil (Previous year : Rs. Nil)]

180,000 360,000

Total 180,000 360,000

General Description of the leasing agreement-

i. The Company has leased out part of its factory premise located at the Trishala Unit. ii. Lease rent income is taken to the profit and loss account for the year.

vi. There are no sub-leases. There is no contingent rent. iii. At the expiry of the lease term, the Company has an option to terminate the lease agreement or renew the term by giving written

notice. There are no restrictions imposed by lease arrangements. iv. The original lease term is for 6 years and thereafter not renewable. There is no escalation clause in the lease agreement. However,

the lease has been discontinued in the current financial year from October 2010.

49


[401200] Notes - Earnings Per Share


01/04/2010 to

31/03/2011Disclosure of earnings per share [text block] Textual information (12) [See below]


Disclosure of earnings per share [text block] Earnings per share

Description 2010-11 2009-10Weighted average number of equity shares outstanding during the year 14,625,000 14,625,000Net Profit after Tax attributable to equity shareholders (Rs.) 90,616,528 81,270,484Basic and Diluted Earnings per Share (Rs.) 6.20 5.56Nominal Value of Shares (Rs.) 10 10

[401300] Notes - Subsidiary Information


01/04/2010 to

31/03/2011Disclosure of subsidiary information [text block] Whether company has subsidiary companies Yes

50


01/04/2010 to 31/03/2011Details of subsidiaries


Name of subsidiary RISHABH APPLIED METERS PRIVATELIMITED

Country of incorporation or residence of subsidiary INDIA CIN of subsidiary company U31909MH2004PTC149485 Section under which company became subsidiary Section 4(1)(b) Whether subsidiary has filed balance sheet Yes SRN of filing of balance sheet by subsidiary P79868469 Reason if no filing has been made by subsidiary filed Whether financial year of subsidiary coincides with financial year of holdingcompany

Yes

Financial year of subsidiary [abstract] Start date of accounting period of subsidiary 01/04/2010 End date of accounting period of subsidiary 31/03/2011 Date of becoming subsidiary 10/11/2004 Number of shares held of subsidiary [shares] 1,60,000 Face value of shares of subsidiary [INR/shares] 1,60,00,000 Paid up value of shares held of subsidiary 1,60,00,000 Percentage of share holding in subsidiary 69.57% Proportion of voting power in subsidiary [pure] 0.6957 Key information about subsidiary [abstract] Reporting currency of subsidiary INR Exchange rate as applicable for subsidiary INR Share capital of subsidiary 2,30,00,000 Reserves and surplus of subsidiary 0 Total assets of subsidiary 51,65,779 Total liabilities of subsidiary 58,86,933 Investment of subsidiary 0 Total income of subsidiary 1,34,856 Profit before tax of subsidiary -16,01,265 Provision for tax of subsidiary -7,568 Profit after tax of subsidiary -15,93,697 Proposed dividend of subsidiary 0 Aggregate amount of profit loss of subsidiary for previous years since it becamesubsidiary

-1,61,73,222

[401400] Notes - Deferred Tax Assets and Liabilities


01/04/2010 to

31/03/2011Disclosures of deferred tax assets and liabilities [text block] Textual information (13) [See below]

51



Disclosures of deferred tax assets and liabilities [text block] The components of the deferred tax asset (net) as on March 31, 2011 are set out below:

(Amount in Rs.)Sr.No.

Particulars2010-11 2009-10

(i)Deferred Tax Liabilities:

a)Differences in depreciation and in block of fixed assets as per tax books and financialbooks 629,388 11,166,057

Gross Deferred Tax Liabilities629,388 11,166,057

(ii)Deferred Tax Assets:

a)Differences in depreciation and in block of fixed assets as per tax books and financialbooks - -

b)

Effect of expenditure debited to profit and loss account but allowed for tax purposes infollowing years

- Provision for doubtful debts and advances (1,733,603) -

- Items disallowed under section 43B (4,098,617) (3,221,641)

Gross Deferred Tax Assets(5,832,220) (3,221,641)

Net Deferred Tax (Asset)/liability (5,202,832) 7,944,415

[401410] Notes - Net Deferred Tax Assets


31/03/2011 31/03/2010Net deferred tax assets [abstract] Net deferred tax asset 52,02,832 0

[401420] Notes - Net Deferred Tax Liabilities


31/03/2011 31/03/2010Net deferred tax liabilities [abstract] Net deferred tax liability 0 79,44,415

[402000] Notes - Provisions and Contingencies


01/04/2010 to

31/03/2011Disclosure of contingent liabilities and provisions [text block] Disclosure of contingent liabilities [text block] Textual information (14) [See below] Disclosure of provisions [text block] Textual information (15) [See below]

52



Disclosure of contingent liabilities [text block] 1. a) Contingent Liabilities not provided for:

(Amount in Rs.) Particulars March 31, 2011 March 31, 2010

Demand raised by not giving credit of tax deducted at source for A.Y.2001-02. The company believes that demand is on account of errors and filedapplication for rectification of mistake with ITAT.

19,569 19,569

* Demand raised by the excise department towards duty payable on higherdiscount given to customer from Export Oriented Undertaking during 1996 to2001. Company has filed an appeal against the order with the honourable highcourt.

5,148,601 5,148,601

Demand raised by DGCEI pertaining to F.Y.2005-06 for trading of goodswithin a 100% Export Oriented Undertaking. The matter is pending withCESTAT for final hearing

536,648 536,648

Demand raised by the excise authorities for the disallowance of availment ofcenvat credit on CHA services. The Company has filed for adjudication withAdditional Commissioner Central Excise.

657,558 657,558

Demand has been raised by the department for the service tax on importationof services such as exibhition, commercial coaching and traning,advertisement and testing charges. The Company has filed for adjudicationwith Additional Commissioner Central Excise.

2,005,373 2,005,373

Demand raised by A.C. Sales Tax, Nashik by reduction of set off for F.Y.2000-01. Maharashtra Sales Tax Tribunal has remanded back the case to theA.O. to rework the correct liability.

150,000 150,000

* Demand raised by the Regional PF Comissioner for PF payable on traineesfor FY 2006-09. The Company filed an appeal with the Employees Provident

Fund Appellate Tribunal and has made a predeposit of Rs. 2,430,895 (previous year : Rs. 2,430,895) .

6,077,237 6,077,237

* Based on favorable decisions in similar cases and legal opinion taken by the Company, discussions with tax advisors, etc., theCompany believes that there is fair chance of decisions in its favour in respect of above and hence no provision is considerednecessary against the same.

b) Bond Obligation:

The Company has export obligations under the Export Oriented Unit (EOU) scheme. The Company has imported capital goodswithout payment of duties under the EOU scheme for which agreements and bonds have been executed and Bank Guarantees givenby the Company. The Company shall, if the obligations are not met, pay on demand an amount equal to such duties saved includinginterest and liquidated damages. As the Company has met all the requirements stipulated by EOU and in future also expects to meetits commitment to earn the requisite revenue in the foreign exchange as per norms prescribed by the EOU authorities; and is usingsuch imported capital goods for earning such revenue, the contingent liability on this account is unlikely.

53



Disclosure of provisions [text block] Provisions and Contingencies

Particulars Balance as at April 1, 2010

Additions duringthe year

Amounts used /reversed during the

year

Balance as atMarch 31, 2011

Provision for Warranties Nil 4,745,969 2,745,969 2,000,000(Previous Year) Nil Nil Nil

Provision for Warranties :

A provision is recognized for expected warranty claims on products sold during the last three years, based on past experienceof level of repairs and returns.The warranty provision covers the expenses related to the replacement of products sold, whichare generally covered by 12 to 36 months free warranty. The timing and amount of cash flow which will arise from suchwarranty claim will be determined by receipt of claim from customers.

[402300] Notes - Directors Remuneration and Other Information


01/04/2010 to

31/03/2011Disclosure of directors and remuneration to directors [text block] Textual information (16) [See below]


Disclosure of directors and remuneration to directors [text block] Directors Remuneration

Particulars 2010-11 2009-10Salary, Allowances and Bonus 2,400,000 2,400,000Contribution to Provident and other funds 288,000 288,000Total 2,688,000 2,688,000

Notes:Directors remuneration is calculated based on the cost to the Company.

54


01/04/2010 to 31/03/2011Details of directors


Name of director NARENDRA JOHRIMAL GOLIA MAHESH GOVINDDASNATHANI

DEVENDRA DATTATRAYBAPAT

Director identification numberof director

00315870 00127029 00129623

Date of birth of director 20/09/1951 11/10/1946 22/08/1959 Designation of director Managing Director Director Director

Qualification of directorB. Tech (IIT-Mumbai), M.S.(Stanford USA)

MSc, PHd in Chemistry B.E.

Shares held by director [shares] 1,20,00,000 [shares] 0 [shares] 0 Director remuneration [abstract] Total salary to director 24,00,000 20,000 20,000 Sitting fees director 20,000 20,000

Details of directors

Unless otherwise specified, all monetary values are in INR4 5

Name of director RAMAKRISHNAN KOTTEKODEPARAPPATH

SHYAM NARAYANKARMARKAR

Director identification number ofdirector

00304272 02856240

Date of birth of director 29/09/1949 13/11/1949 Designation of director Director Director Qualification of director B.E. - Mechanical B.E. - Electrical Shares held by director [shares] 0 [shares] 0 Director remuneration [abstract] Total salary to director 20,000 20,000 Sitting fees director 20,000 20,000

[402400] Notes - Auditors Remuneration


01/04/2010 to

31/03/2011

01/04/2009 to

31/03/2010Auditors remuneration [abstract] Audit fees 6,00,000 2,75,000 Consultancy fees auditors [abstract] Consultancy fees auditors 0 0 Auditors remuneration 6,00,000 2,75,000

[402500] Notes - Other Disclosures


01/04/2010 to

31/03/2011Other disclosures [text block] Textual information (17) [See below]

55



Other disclosures [text block] Details of investments purchased and sold during the year

Name of the schemeMarch 31, 2011 March 31, 2010

UnitsAmountInvested

Sales Value UnitsAmountInvested

Sales Value

SBI-Liquid fund Ultra Short TermFund Institutional Plan-Daily

Dividend854,244 8,547,562 8,547,562 - - -

SBI-Liquid fund Ultra Short Term Fund Retail Plan - Daily Dividend

702,271 7,026,926 7,026,926 - - -

SBI-Liquid Fund - Magnum InstaCash Fund

- - - 98,363 2,000,000 2,003,364

SBI-Liquid fund Ultra Short TermFund - Growth Fund

- - - 960,457 11,500,000 11,508,088

Expenses incurred for the development of moulds in the In-house Research and Development Facility

For the period ended

March 31,2011For the period ended

March 31,2010

Product development cost capitalized* during the year includes :

(a) Included in Raw Material Consumption :

Testing material consumed 750,845 1,440,278(b) Included in Personnel Expenses :

Salaries 4,741,511 3,532,533(c) Included in Operating and Other Expenses :

Other allocated overheads 1,950,162 6,425,860Total 7,442,518 11,398,671

* Of the above, Rs. 1,470,683 (Previous year: Rs. 858,578) has been considered as capital work-in-progress as start of production hasnot been attained.

The total research and development expenses incurred by the Company are as under :

Particulars For the period endedMarch 31,2011

For the period endedMarch 31,2010

On capital account 49,775,856 7,363,292

On revenue account 11,483,819 7,290,917

Total 61,259,675 14,654,209The expenses disclosed above include expenses incurred on development of parts.

56


Capital Commitments

The estimated amount of contracts remaining to be executed on capital account and not provided for as at March 31, 2011 isRs. 971,330 (net of advance Rs. 5,344,464) [Previous year Rs. 768,740 (net of advance Rs. 5,149,375)]

The Company has recognised Rs. 6,340,343 (including Rs. 6,340,343 recognised during the current year) as MATCredit Entitlement which represents that portion of MAT liability, which can be recovered based on the provision ofSection 115JAA of the Income Tax Act, 1961. The management based on the present trend of profitability and alsothe future profitability projections, opines that there would be sufficient taxable income on foreseeable future, whichwill enable the Company to utilize MAT Credit Entitlement.

In accordance with ASI 14 (Revised) on Disclosure of Revenue from Sales Transactions notified pursuant to Companies(Accounting Standards) Rules, 2006 (as amended), excise duty on sales amounting to Rs. 36,439,238 (previous year: Rs.34,691,634) has been reduced from sales in profit and loss account and excise duty on increase in stock amounting to Rs.3,700,847 (previous year: Rs. 2,176,592) has been considered as expense in Schedule 17 of the financial statements.

Based upon the supplier profile available with the Company, the management believes that there are no dues to Micro and Small suppliers as at March 31, 2011. Consequently, information pursuant to principal amount and interest thereon is notrequired to be provided.

Additional information pursuant to the provision of paragraph 3, 4, 4C and 4D of part II of Schedule VI to theCompanies Act, 1956.

Details of Sales of Manufactured goods

Units Units2010-11 2009-10

Qty Amount (Rs) Qty Amount (Rs)Panel Meter Nos 712,300 227,266,409 605,698 192,264,443Multimeters Nos 16,919 45,232,905 14,079 36,636,906Transducers Nos 34,326 99,890,900 26,618 83,655,446Integra Nos 34,174 103,751,813 42,554 141,097,665Current transformers Nos 130,398 45,034,736 60,802 25,642,288Others

137,136,673

141,021,247

Total 658,313,436 620,317,995

Notes:1) Excludes free supplies and captive consumption where applicable.

2) In view of the hetrogenious nature of the products and denomination of trading items being dissimilar in nature, itis impracticable to furnish quantitative/value of trading goods sold during the year.

Consumption of Raw Materials and Components

Particulars Units2010-11 2009-10

Qty Rs. (000) Qty Rs. (000)Electronic Components(Refer note 2)

Nos 38,946,748 124,337,305 27,094,029 118,368,770

Plastic and plastic components Nos 6,247,513 45,055,847 3,346,763 24,136,202Copper Kgs 29,111 15,222,720 27,914 9,213,004Magnets Nos 192,003 9,953,362 128,936 6,902,046Others (Refer note 3) 152,546,946 123,920,349

57


Total 347,116,180 282,540,371

Notes:1) The consumption of raw materials and components vis-a-vis actual production has been derived after reducing thevalue of closing stock, opening stock and purchases of raw materials and components during the year.

2) In view of the hetrogeneous nature of the products and denomination of electronic components being dissimilar innature, it is impracticable to furnish quantitative details of the electronic components consumed during the year. 3) It is not practical to furnish quantitative information in view of large number of items which differ in size andnature, each being less than 10% in value of the total.

Details of Finished Goods

Units2010-11 2009-10

Qty Amount (Rs) Qty Amount (Rs)

Opening StockPanel Meters Nos 7,098 1,707,646 4,166 1,422,906Multimeters Nos 1,874 4,169,214 1,815 3,606,269Transducers Nos 2,589 5,807,703 2,402 4,246,299Integra Nos 2,662 4,471,613 2,258 3,766,070Current Transformer Nos 9,963 1,577,963 - -Others

5,574,413

3,975,614

Total

24,186 23,308,552 10,641 17,017,158

Closing StockPanel Meters Nos 39,185 8,190,362 7,098 1,707,646Multimeters Nos 3,237 6,652,051 1,874 4,169,214Transducers Nos 5,150 8,835,055 2,589 5,807,703Integra Nos 11,339 17,862,776 2,662 4,471,613Current Transformer Nos 23,745 3,875,614 9,963 1,577,963Others Nos

7,615,868

5,574,413

Total

53,031,726

23,308,552

Note:Since trading items do not individually account for 10% or more of the opening stock and closing stock, seperate

quantitative details are not given.

Licensed Capacity, Installed Capacity and Actual Production (in units)

Units UnitsInstalled Capacity Actual Production

2010-11 2009-10 2010-11 2009-10Panel Meters Nos 1,080,000 1,080,000 744,387 608,630Multimeters Nos 50,000 50,000 18,282 14,138

58


Transducers Nos 40,000 30,000 36,887 26,805Integra Nos 70,000 70,000 42,851 42,958Current transformers Nos 300,000 300,000 144,180 70,765

Notes:1. In terms of Notification No. 477(E) dated July 25, 1991, issued by the Ministry of Industry, Department of Industrial

Development, the Companys products have been exempted from industrial licensing. Accordingly, disclosure requirementsconcerning licensed capacity are not applicable.

2. The installed capacity is as certified by the management and relied on by the auditors, without verification, this being a technical matter.

3. Difference in quantitative tally represents captive consumption.

4. Since trading items do not individually account for 10% or more of the total purchases, seperate quantitative details are not given.

Value of Imports calculated on CIF basis (on accrual basis)

Particulars 2010-11R a w M a t e r i a l s a n d C o m p o n e n t s

221,170,844

Capital goods 3,746,182Total 224,917,026

Imported and Indigenous Raw Material and Components and Stores and Spares Consumed

,

Particulars2010-11 2009-10

Rs. % of totalconsumption

Rs. % of totalconsumption

Raw Material and ComponentsImported 196,595,662 56.64 162,206,217 57.41

Indigenously Obtained 150,520,518 43.36 120,334,154 42.59

Total 347,116,180 100 .00 282,540,371 100 .00

Stores and Spares ConsumedImported 1,815,758 78.36 2,798,083 74.22

Indigenously Obtained 501,298 21.64 971,902 25.78

Total 2,317,056 100 .00 3,769,985 100 .00

Previous Year ComparativesThe figures of previous year were audited by a firm of Chartered Accountants other than S.V.Ghatalia and Associates. Previousyear figures have been regrouped/ rearranged wherever necessary to conform to this years classification.

Documents

Rishabh Instruments Pvt Ltd Standalone Balance …policy.electronicsb2b.com/.../uploads/2013/03/Rishabh.pdfRishabh Instruments Pvt Ltd Standalone Balance Sheet for period 01/04/2010