CHANDRA PROTECO LIMITED

Standalone Statement of Profit & Loss for period 01/04/2011 to 31/03/2012

[400100] Disclosure of general information about company
Unless otherwise specified, all monetary values are in INR
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
Name of company CHANDRA PROTECO LIMITED
Corporate identity number U27109WB2004PLC100708
Permanent account number of entity AACCC5301K
Address of registered office of company
2B GRANT LANE R NO 35
2NDFLOOR KOLKATA West
Bengal INDIA 700012
Type of industry
Co mme r c i a l a n d
Industrial
Date of board meeting when final accounts were approved 16/04/2012
Period covered by financial statements 01-04-2011 To 31-03-2012 01-04-2010 To 31-03-2011
Date of start of reporting period 01/04/2011 01/04/2010
Date of end of reporting period 31/03/2012 31/03/2011
Nature of report standalone consolidated Standalone
Content of report Statement of Profit & Loss
Description of presentation currency INR
Level of rounding used in financial statements Actual
Date from which register of members remained closed 27/09/2012
Date till which register of members remained closed 29/09/2012
Total number of product or service category 1
Description of principal product or services category copper conductors
Disclosure of principal product or services [Table] ..(1)
Unless otherwise specified, all monetary values are in INR
Types of principal product or services [Axis] Column 1
01/04/2011
to
31/03/2012
Disclosure of general information about company [Abstract]
Disclosure of principal product or services [Abstract]
Disclosure of principal product or services [LineItems]
Product or service category (ITC 4 digit) code 7403
Description of product or service category Copper
Turnover of product or service category 460,77,38,368.15
Highest turnover contributing product or service (ITC 8 digit) code 74031100
Description of product or service copper conductors
Unit of measurement of highest contributing product or service MT
Turnover of highest contributing product or service 460,77,38,368.15
Quantity of highest contributing product or service in UoM [pure] 10,525.471

2
CHANDRA PROTECO LIMITED Standalone Statement of Profit & Loss for period 01/04/2011 to 31/03/2012
[100200] Statement of profit and loss
Unless otherwise specified, all monetary values are in INR
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
Statement of profit and loss [Abstract]
Disclosure of revenue from operations [Abstract]
Disclosure of revenue from operations for other than finance company
[Abstract]
Revenue from sale of products 623,99,28,798.59 406,03,01,413
Revenue from sale of services 0 0
Excise duty 46,47,82,531 29,86,54,931
Total revenue from operations other than finance company 577,51,46,267.59 376,16,46,482
Total revenue from operations 577,51,46,267.59 376,16,46,482
Other income 2,46,24,408.39 65,99,122.2
Total revenue 579,97,70,675.98 376,82,45,604.2
Expenses [Abstract]
Cost of materials consumed 460,77,38,368.15 306,31,30,358.41
Changes in inventories of finished goods, work-in-progress and
stock-in-trade
13,89,02,981.82 -7,66,05,215.95
Employee benefit expense 5,62,46,012 3,60,61,781
Finance costs 40,67,29,534.39 24,89,32,242
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 7,88,12,701.37 4,04,14,453.66
Total depreciation, depletion and amortisation expense 7,88,12,701.37 4,04,14,453.66
Other expenses 21,12,35,905.18 20,24,14,712.63
Total expenses 549,96,65,502.91 351,43,48,331.75
Total profit before prior period items, exceptional items, extraordinary
items and tax
30,01,05,173.07 25,38,97,272.45
Total profit before extraordinary items and tax 30,01,05,173.07 25,38,97,272.45
Total profit before tax 30,01,05,173.07 25,38,97,272.45
Tax expense [Abstract]
Current tax 6,65,87,708 5,95,18,630
Total tax expense 6,65,87,708 5,95,18,630
Total profit (loss) for period from continuing operations 23,35,17,465.07 19,43,78,642.45
Total profit (loss) for period before minority interest 23,35,17,465.07 19,43,78,642.45
Total profit (loss) for period 23,35,17,465.07 19,43,78,642.45
Earnings per equity share [Abstract]
Basic earning per equity share [INR/shares] 15.52 [INR/shares] 12.92
Diluted earnings per equity share [INR/shares] 0 [INR/shares] 0
Basic earning per equity share before extraordinary items [INR/shares] 15.52 [INR/shares] 12.92
Nominal value of per equity share [INR/shares] 10 [INR/shares] 10

3
CHANDRA PROTECO LIMITED Standalone Statement of Profit & Loss for period 01/04/2011 to 31/03/2012
[300500] Notes - Subclassification and notes on income and expenses
Unless otherwise specified, all monetary values are in INR
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
Subclassification and notes on income and expense explanatory [TextBlock]
Disclosure of revenue from sale of products [Abstract]
Revenue from sale of products [Abstract]
Revenue from sale of products, gross 623,99,28,798.59 406,03,01,413
Total revenue from sale of products 623,99,28,798.59 406,03,01,413
Disclosure of revenue from sale of services [Abstract]
Revenue from sale of services [Abstract]
Other allowances deductions on revenue from sale of services 0 0
Total revenue from sale of services 0 0
Disclosure of other income [Abstract]
Interest income [Abstract]
Interest income on current investments [Abstract]
Interest on other current investments 0 0
Total interest income on current investments 0 0
Interest income on long-term investments [Abstract]
Interest on other long-term investments 0 0
Total interest income on long-term investments 0 0
Total interest income 0 0
Dividend income [Abstract]
Dividend income current investments [Abstract]
Dividend income current investments from others 0 0
Total dividend income current investments 0 0
Dividend income long-term investments [Abstract]
Dividend income long-term investments from others 0 0
Total dividend income long-term investments 0 0
Total dividend income 0 0
Other non-operating income [Abstract]
Miscellaneous other non-operating income 2,46,24,408.39 65,99,122.2
Total other non-operating income 2,46,24,408.39 65,99,122.2
Total other income 2,46,24,408.39 65,99,122.2
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Interest expense long-term loans [Abstract]
Interest expense long-term loans, banks 40,67,29,534.39 24,89,32,242
Total interest expense long-term loans 40,67,29,534.39 24,89,32,242
Total interest expense 40,67,29,534.39 24,89,32,242
Total finance costs 40,67,29,534.39 24,89,32,242
Employee benefit expense [Abstract]
Salaries and wages 5,19,44,229 3,34,15,707
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 10,10,251 5,92,337
Total contribution to provident and other funds 10,10,251 5,92,337
Staff welfare expense 13,11,893 10,93,479
Other employee related expenses 19,79,639 9,60,258
Total employee benefit expense 5,62,46,012 3,60,61,781
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 1,54,28,934 1,50,49,656
Power and fuel 6,00,92,389.86 4,09,56,177.44
Rent 54,89,427 18,93,438
Repairs to building 78,78,270 56,80,272
Repairs to machinery 1,19,95,093 1,60,33,914
Insurance 30,40,291.2 38,14,171.5
Rates and taxes excluding taxes on income [Abstract]
Provision wealth tax 0 0
Total rates and taxes excluding taxes on income 0 0

4
CHANDRA PROTECO LIMITED Standalone Statement of Profit & Loss for period 01/04/2011 to 31/03/2012
Research development expenditure 2,75,885 2,02,043
Subscriptions membership fees 52,615 98,605
Electricity expenses 35,56,506 19,48,173
Telephone postage 25,43,386.59 25,64,290.83
Printing stationery 7,61,490 7,10,424
Information technology expenses 1,59,819 3,14,383
Travelling conveyance 1,61,04,320.47 87,92,129.68
Catering canteen expenses 10,70,006 6,44,754
Entertainment expenses 4,22,823 1,51,368
Legal professional charges 14,71,532 44,89,268.24
Vehicle running expenses 3,08,905 5,30,505
Safety security expenses 19,16,482 13,88,622
Directors sitting fees 0 0
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Salary to directors 1,19,00,000 84,00,000
Total remuneration to directors 1,19,00,000 84,00,000
Total managerial remuneration 1,19,00,000 84,00,000
Donations subscriptions 66,000 1,05,854
Books periodicals 9,450 13,374
Seminars conference expenses 24,16,355 17,50,738
Guest house expenses 9,90,425 10,19,752.93
Advertising promotional expenses 88,205 65,000
Secondary packing expenses 1,75,53,565 3,49,44,419.75
Cost repairs maintenance other assets 9,60,560 3,50,505
Cost information technology [Abstract]
Cost communication connectivity 0 0
Total cost information technology 0 0
Cost insurance 0 0
Cost transportation [Abstract]
Cost freight 2,81,41,914 2,15,88,353
Cost other transporting 46,55,055 1,54,82,481
Total cost transportation 3,27,96,969 3,70,70,834
Cost technical services 43,98,754 19,16,289
Provision bad doubtful debts created 0 0
Provision bad doubtful loans advances created 0 0
Write-off assets liabilities [Abstract]
Miscellaneous expenditure written off [Abstract]
Other miscellaneous expenditure written off 3,99,929 3,99,929
Total miscellaneous expenditure written off 3,99,929 3,99,929
Bad debts written off 0 0
Bad debts advances written off 0 0
Other assets written off 0 0
Liabilities written off 0 0
Total write-off assets liabilities 3,99,929 3,99,929
Loss on disposal of intangible asset 0 0
Loss on disposal, discard, demolishment and destruction of depreciable
tangible asset
0 0
Payments to auditor [Abstract]
Payment for audit services 2,00,000 1,00,000
Total payments to auditor 2,00,000 1,00,000
Miscellaneous expenses 68,87,518.06 1,10,15,822.26
Total other expenses 21,12,35,905.18 20,24,14,712.63
Current tax [Abstract]
Current tax pertaining to current year 6,65,87,708 5,95,18,630
Total current tax 6,65,87,708 5,95,18,630

5
CHANDRA PROTECO LIMITED Standalone Statement of Profit & Loss for period 01/04/2011 to 31/03/2012
[300600] Notes - Additional information statement of profit and loss
Unless otherwise specified, all monetary values are in INR
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
Additional information on profit and loss account explanatory [TextBlock]
Changes in inventories of finished goods 98,82,233.82 -2,94,02,268.97
Changes in inventories of work-in-progress 12,90,20,748 -4,72,02,946.98
Total changes in inventories of finished goods, work-in-progress and
stock-in-trade
13,89,02,981.82 -7,66,05,215.95
Value of imports of raw materials 23,07,61,511.56 1,36,73,636
Value of imports of components and spare parts 33,57,570 54,66,345.24
Value of imports of capital goods 1,98,33,262.88 68,54,58,703.96
Total value of imports calculated on CIF basis 25,39,52,344.44 70,45,98,685.2
Expenditure on other matters 25,39,52,344.44 70,45,98,203.2
Total expenditure in foreign currency 25,39,52,344.44 70,45,98,203.2
Final dividend remitted in foreign currency 11,61,805 0
Total amount of dividend remitted in foreign currency 11,61,805 0
Total number of non-resident shareholders [pure] 1 [pure] 1
Total number of shares held by non-resident shareholders on which
dividends were due
[shares] 14,22,830 [shares] 9,00,780
Year to which dividends relate 2009-10,2010-11 NA
FOB value of manufactured goods exported 133,70,26,203.14 99,63,87,155.44
Total earnings on export of goods calculated on FOB basis 133,70,26,203.14 99,63,87,155.44
Total earnings in foreign currency 133,70,26,203.14 99,63,87,155.44
Domestic sale manufactured goods 490,29,02,595.45 306,39,14,257.56
Total domestic turnover goods, gross 490,29,02,595.45 306,39,14,257.56
Export sale manufactured goods 133,70,26,203.14 99,63,87,155.44
Total export turnover goods, gross 133,70,26,203.14 99,63,87,155.44
Total revenue from sale of products 623,99,28,798.59 406,03,01,413
Total revenue from sale of services 0 0
[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates
Unless otherwise specified, all monetary values are in INR
01/04/2011
to
31/03/2012
Disclosure of accounting policies, change in accounting policies and
changes in estimates explanatory [TextBlock]
Textual information (1)
[See below]
Disclosure of accounting policies explanatory [TextBlock]
Textual information (2)
[See below]
Changes in accounting estimate and accounting policy explanatory
[TextBlock]
NO CHANGE

6
CHANDRA PROTECO LIMITED Standalone Statement of Profit & Loss for period 01/04/2011 to 31/03/2012
Textual information (1)
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
Schedule ?19? of Significant Accounting Policies and Notes to the Accounts for the year ended March 31, 2012

I. Schedules ?1? to ?19? form an integral part of the Balance Sheet and the Profit and Loss Account.

II. Significant Accounting Policies:

Accounting Policies not specifically stated otherwise are consistent and in consonance with generally accepted accounting principles.

Basis of Accounting

The financial statements are prepared under historical cost convention and as a going concern and on accrual basis of accounting, in accordance
with the generally accepted accounting principles, accounting standards issued by the Institute of Chartered Accountants of India, as applicable,
and the relevant provisions of the Companies Act, 1956.

Fixed Assets

Fixed Assets are recorded at the original cost of acquisition including taxes, duties and other incidental expenses related to acquisition,
installation/erection/ commissioning of the concerned asset and Preoperative Expenses. In case of revaluation of land (fixed assets), the cost as
determined by the valuer is considered in the accounts and differential transferred to Revaluation reserve.

Inventories

Raw materials, consumables, Work in progress, Packing Materials and Finished Goods are valued at lower of cost or net realizable value on the
First in First out basis of stock valuation. Cost of raw material excludes excise duty available for Cenvat Credit; and for the purpose of Finished
Goods include all expenses.

7
CHANDRA PROTECO LIMITED Standalone Statement of Profit & Loss for period 01/04/2011 to 31/03/2012

Revenue Recognition

Sales include excise duty and are net of rebates and sales tax. Sales in the domestic market as well as export are recognized at the time of dispatch
of materials to the buyers. Interest and Other Income is accounted for on accrual basis.
.
Cont__2

:2:

Depreciation
Depreciation on Fixed Assets has been provided on Straight Line Method (SLM) at the rates and in the manner provided in Schedule XIV of the
Companies Act, 1956.

Contingent Liabilities
Contingent Liabilities are determined on the basis of available information and are disclosed by way of a note to the accounts.

8
CHANDRA PROTECO LIMITED Standalone Statement of Profit & Loss for period 01/04/2011 to 31/03/2012

Borrowing cost

Borrowing costs are recognized as expense in the period in which these are incurred.

Foreign Exchange Transactions

Transactions in foreign currencies are recorded at the exchange rates prevailing at the date of the transactions.

Taxation

Provision for Current Tax is made based on the liability computed in accordance with relevant tax rates and tax laws.

Deferred Tax is recognized, subject to the consideration of prudence, on timing differences, being the difference between taxable incomes and
accounting income that originate in one period and are capable of reversal in one or more subsequent period.

9
CHANDRA PROTECO LIMITED Standalone Statement of Profit & Loss for period 01/04/2011 to 31/03/2012
Textual information (2)
Disclosure of accounting policies explanatory [Text Block]
Schedule ?19? of Significant Accounting Policies and Notes to the Accounts for the year ended March 31, 2012

I. Schedules ?1? to ?19? form an integral part of the Balance Sheet and the Profit and Loss Account.

II. Significant Accounting Policies:

Accounting Policies not specifically stated otherwise are consistent and in consonance with generally accepted accounting principles.

Basis of Accounting

The financial statements are prepared under historical cost convention and as a going concern and on accrual basis of accounting, in accordance
with the generally accepted accounting principles, accounting standards issued by the Institute of Chartered Accountants of India, as applicable,
and the relevant provisions of the Companies Act, 1956.

Fixed Assets

Fixed Assets are recorded at the original cost of acquisition including taxes, duties and other incidental expenses related to acquisition,
installation/erection/ commissioning of the concerned asset and Preoperative Expenses. In case of revaluation of land (fixed assets), the cost as
determined by the valuer is considered in the accounts and differential transferred to Revaluation reserve.

Inventories

Raw materials, consumables, Work in progress, Packing Materials and Finished Goods are valued at lower of cost or net realizable value on the
First in First out basis of stock valuation. Cost of raw material excludes excise duty available for Cenvat Credit; and for the purpose of Finished
Goods include all expenses.

10
CHANDRA PROTECO LIMITED Standalone Statement of Profit & Loss for period 01/04/2011 to 31/03/2012

Revenue Recognition

Sales include excise duty and are net of rebates and sales tax. Sales in the domestic market as well as export are recognized at the time of dispatch
of materials to the buyers. Interest and Other Income is accounted for on accrual basis.
.
Cont__2

:2:

Depreciation
Depreciation on Fixed Assets has been provided on Straight Line Method (SLM) at the rates and in the manner provided in Schedule XIV of the
Companies Act, 1956.

Contingent Liabilities
Contingent Liabilities are determined on the basis of available information and are disclosed by way of a note to the accounts.

11
CHANDRA PROTECO LIMITED Standalone Statement of Profit & Loss for period 01/04/2011 to 31/03/2012

Borrowing cost

Borrowing costs are recognized as expense in the period in which these are incurred.

Foreign Exchange Transactions

Transactions in foreign currencies are recorded at the exchange rates prevailing at the date of the transactions.

Taxation

Provision for Current Tax is made based on the liability computed in accordance with relevant tax rates and tax laws.

Deferred Tax is recognized, subject to the consideration of prudence, on timing differences, being the difference between taxable incomes and
accounting income that originate in one period and are capable of reversal in one or more subsequent period.
[300100] Notes - Revenue
Unless otherwise specified, all monetary values are in INR
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
Disclosure of revenue explanatory [TextBlock]
Textual information (3)
[See below]
Textual information (4)
[See below]
Textual information (3)
Disclosure of revenue explanatory [Text Block]
Revenue Recognition

Sales include excise duty and are net of rebates and sales tax. Sales in the domestic market as well as export are recognized at the time of dispatch
of materials to the buyers. Interest and Other Income is accounted for on accrual basis.

12
CHANDRA PROTECO LIMITED Standalone Statement of Profit & Loss for period 01/04/2011 to 31/03/2012
Textual information (4)
Disclosure of revenue explanatory [Text Block]
Revenue Recognition

Sales include excise duty and are net of rebates and sales tax. Sales in the domestic market as well as export are recognized at the time of dispatch
of materials to the buyers. Interest and Other Income is accounted for on accrual basis.
[201200] Notes - Employee benefits
Unless otherwise specified, all monetary values are in INR
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
Disclosure of employee benefits explanatory [TextBlock]
Textual information (5)
[See below]
Description of fact that multi-employer plan is defined benefit
plan but accounted as defined contribution plan
na NA
Description of reason why sufficient information is not
available to account for multi-employer plan as defined benefit
plan
NA NA
Description of information about surplus or deficit of multi-employer
plan
NA NA
Description of basis used to determine surplus or deficit of
multi-employer plan
NA NA
Description of implications of surplus or deficit on multi-employer
plan for enterprise
NA NA
Textual information (5)
Disclosure of employee benefits explanatory [Text Block]
Particulars of employees who are in receipt of :-

(a) remuneration of not less than Rs. 24,00,000/- per annum and who are employed throughout the accounting period Rs. 84,00,000.00 (previous
year 84,00,000)

(b) remuneration of not less than Rs. 2,00,000/- per month and who are employed for part of the year Rs. 35,00,00,000.00l (Previous Year Nil)

13
CHANDRA PROTECO LIMITED Standalone Statement of Profit & Loss for period 01/04/2011 to 31/03/2012
[300300] Notes - Earnings per share
Unless otherwise specified, all monetary values are in INR
01/04/2011
to
31/03/2012
01/04/2010
to
31/03/2011
Disclosure of earnings per share explanatory [TextBlock]
Adjustments of numerator to calculate basic earnings per share [Abstract]
Profit (loss) for period 23,35,17,465.07 19,43,78,642.45
Adjustments of numerator to calculate diluted earnings per share [Abstract]
Profit (loss) for period 23,35,17,465.07 19,43,78,642.45
[300700] Notes - Director remuneration and other information
Disclosure of directors and remuneration to directors [Table] ..(1)
Unless otherwise specified, all monetary values are in INR
Directors [Axis] Column 1 Column 2 Column 3
01/04/2011
to
31/03/2012
01/04/2011
to
31/03/2012
01/04/2011
to
31/03/2012
Disclosure of directors and remuneration to directors [Abstract]
Disclosure of directors and remuneration to directors [LineItems]
Name of director APARNA GUPTA MUKUL GUPTA
JAGDISH KUMAR
KESARWANI
Director identification number of director 00127607 00125788 00141394
Date of birth of director 02/05/1968 13/08/1964 04/11/1948
Designation of director Whole-time director Managing director Whole-time director
Qualification of director B.Com,MBA(Finance)
BE,PGD in micro
alloying non ferro
metel
M.Tech
Shares held by director [shares] 5,900 [shares] 91,125 [shares] 94,025
Director remuneration [Abstract]
Salary to director [Abstract]
Basic pay director 24,00,000 60,00,000 35,00,000
Total salary to director 24,00,000 60,00,000 35,00,000
Total director remuneration 24,00,000 60,00,000 35,00,000