Raju Diwana
Balsara Hygiene Products Limited
Audited Balance Sheet and Profit & Loss Accounts for the year ended 31st March, 2006
BALSARA HYGIENE PRODUCTS LIMITED
17
ANNUAL REPORT 2005-06
Contents
Page Director’s Report Auditor’s Report Balance Sheet Profit & Loss Account Schedules Accounting Policies & Notes to Accounts Statement of Cash Flow 1 4 7 8 9 12 15
BALSARA HYGIENE PRODUCTS LIMITED
18
ANNUAL REPORT 2005-06
DIRECTORS’ REPORT
The Directors’ have pleasure in presenting the Twenty-Eight Annual Report and the audited accounts for the financial year ended 31st March, 2006.
Financial Results
(Rupees in lacs) Sales Profit Before Taxation Provision for Taxation Balance brought forward from Previous year Excess/(Short) Provision of earlier year Balance carried to Balance Sheet 2005-06 — 7.56 (0.06) 423.85 (40.27) 391.08 391.08 391.08 2004-05 — 400.23 (13.88) 32.49 5.02 423.86 423.86 423.86
Dividend
In view of future Business plans under consideration, your Directors are not recommending any dividend for this year.
Operations
In the year under consideration, the Company did not carry out any business activity generating sales revenue. However, the Company had earned by way of license fees for the use of Company’s Trade Marks on various products manufactured, sold/exported by Balsara Home Products Limited under the agreement with Balsara Home Products Limited and the understanding arrived at with Balsara Home Products Limited and the Company. The Company has earned Rs. 50.00 lacs as a license fee compared to Rs.481.95 lacs for the previous year for the use of the Company’s Trade Marks on various products manufactured, sold/exported in India and elsewhere in the world by Balsara Home Products Limited for the financial year 2005-06. The Company’s Profit / (Loss) before tax has been Rs.7.56 lacs compared to Rs. 400.23 lacs for the previous year.
Exports
During the year, the Company did not have any export business.
Fixed Deposits
The
Audited Balance Sheet and Profit & Loss Accounts for the year ended 31st March, 2006
BALSARA HYGIENE PRODUCTS LIMITED
17
ANNUAL REPORT 2005-06
Contents
Page Director’s Report Auditor’s Report Balance Sheet Profit & Loss Account Schedules Accounting Policies & Notes to Accounts Statement of Cash Flow 1 4 7 8 9 12 15
BALSARA HYGIENE PRODUCTS LIMITED
18
ANNUAL REPORT 2005-06
DIRECTORS’ REPORT
The Directors’ have pleasure in presenting the Twenty-Eight Annual Report and the audited accounts for the financial year ended 31st March, 2006.
Financial Results
(Rupees in lacs) Sales Profit Before Taxation Provision for Taxation Balance brought forward from Previous year Excess/(Short) Provision of earlier year Balance carried to Balance Sheet 2005-06 — 7.56 (0.06) 423.85 (40.27) 391.08 391.08 391.08 2004-05 — 400.23 (13.88) 32.49 5.02 423.86 423.86 423.86
Dividend
In view of future Business plans under consideration, your Directors are not recommending any dividend for this year.
Operations
In the year under consideration, the Company did not carry out any business activity generating sales revenue. However, the Company had earned by way of license fees for the use of Company’s Trade Marks on various products manufactured, sold/exported by Balsara Home Products Limited under the agreement with Balsara Home Products Limited and the understanding arrived at with Balsara Home Products Limited and the Company. The Company has earned Rs. 50.00 lacs as a license fee compared to Rs.481.95 lacs for the previous year for the use of the Company’s Trade Marks on various products manufactured, sold/exported in India and elsewhere in the world by Balsara Home Products Limited for the financial year 2005-06. The Company’s Profit / (Loss) before tax has been Rs.7.56 lacs compared to Rs. 400.23 lacs for the previous year.
Exports
During the year, the Company did not have any export business.
Fixed Deposits
The