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बीएसई: 514422  |  NSE: N.A  |  ISIN: INE167G01016  |  Textiles - Terry Towels

खोजें श्रद्धा टेरी प्रोडक्ट्स कनेक्शन
निदेशकों की रिपोर्ट वर्षांत : Mar '03
Report of the Directors
 
 Your Directors present their Report together with the audited accounts
 of the company for the year ended March 31, 2003.
 
 Financial Results
 
 The following are the working results for the year ended March 31,2003.
 
                                                     (Rs. in thousands) 
 Sales                                                      455221 
 Other Income 1668 Change in stock                           52631
 Income                                                     509520
 Gross Profit                                               172782
 Less : Financial charges                                    37024
 Depreciation                                                27614
 Net profit for the year                                    108144
 Add: Excess Provision written back                             35
 Deffered Tax assets                                          3389
                                                            111568
 Less  Prior year adjustments                                 1698
 Preliminary expenses written off                               56
 Share issue expenses written off                              294
 Provision for Income Tax (Current)                           4280
                                                            105240
 Add: Balance profit brought forward                         33827
 from last year
 Balance profit transferred to Balance Sheet                139067
 
 Operations
 
 Your company's turnover during the year under review was Rs. 4552.21
 lakhs.
 
 For the year ended March 31, 2003 your company has earned a net profit
 of Rs. 1081.44 lakhs as against Rs. 410.84 lakhs during the previous
 year.
 
 Finance
 
 Your Directors acknowledge with gratitude, the valuable assistance and
 support extended by Industrial Development Bank of India, The IFCI
 Limited and Bank of India, The Vysya Bank Limited, Bank of Baroda and
 State Bank of Travancore.
 
 Prospects for the current year
 
 The company is. in the process of introducing new range of value added
 products in own brand name.  The company has increased the production
 capacity and with the enhanced capacity, the company expects a 
 higher turnover and better results.  
 
          On behalf of the Board
 
 Coimbatore                                      G.KANNAPPAN
 June 29,2003                        Chairman and Managing Director
स्रोत: रेलीगरे टेचनोवा

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