21/06/2006
Date :
Cost of Production and Profitability Statement
Rs in one hundred thousands
Draft for HighTech Engineering Industries
81, Mittal Towar, Nariman Point, Mumbai
Year No ———— >
2003-04
2004-05
2005-06
2006-07
2002-03
Sales / Gross Receipts
Export Sales
CitiBank Scheduled Special Lockers Order (4 years)
0.00
61.88
68.06
74.87
82.36
Other Export Sales
258.75
396.00
451.16
573.28
696.49
Domestic Sales
Domestic Sales
125.00
137.50
172.86
213.91
235.30
A) Gross Sales / Receipts
383.75
595.38
692.08
862.06
1014.15
Less Duties
115.13
178.61
207.62
258.62
304.25
Net Sales / Receipts
268.63
416.76
484.45
603.44
709.91
Other Incomes
Other Incomes
20.00
22.00
27.66
34.23
37.65
Interests / Dividends Received
1.98
1.98
0.90
0.90
0.00
B) Net Income
290.61
440.74
513.01
638.57
747.55
Cost of Sales
Locking Systems (Med Model) CB
0.00
16.88
18.56
20.42
22.46
Other Imported Raw Materials
76.59
87.24
108.42
134.57
149.80
Indigenous Raw Materials
31.75
34.93
43.91
54.33
59.77
Imported Packing Materials
8.25
9.49
12.47
16.13
18.55
Indigenous Packing Materials
6.25
6.81
8.53
10.55
11.65
Indigenous Consumable Storesd
8.50
9.35
11.75
14.55
16.00
Power and Fuel
10.00
11.70
15.65
20.62
24.16
Direct Labour and Wages
28.50
31.35
39.41
48.77
53.65
Repairs and Maintenance
6.13
6.74
8.47
10.49
11.54
Factory Overheads
1.20
1.32
1.66
2.05
2.26
Depreciation
29.58
33.60
33.60
32.92
29.09
Add Opening Stocks of Work in Process
1.35
27.21
30.27
36.88
44.53
Add Opening Stocks of Finished Goods
4.50
15.84
18.54
22.77
28.08
Less Closing Stocks of Work in Process
27.21
30.27
36.88
44.53
48.20
Less Closing Stocks of Finished Goods
15.84
18.54
22.77
28.08
31.41
C) Total Operating Expenses
169.55
243.63
291.60
352.44
391.93
D) Gross Profit (B-C)
121.05
197.11
221.41
286.13
355.62
Non Operative Expenses
Interests
Secured Loans
15.39
11.41
8.08
4.93
1.79
UnSecured Loans
1.24
0.99
0.74
0.49
0.28
Deferred Loans
0.06
0.00
0.00
0.00
0.00
Debentures
3.28
2.75
2.22
1.52
1.12
Seed Capital Loans
0.01
0.01
0.00
0.00
0.00
Working Capital Loans
18.81
25.85
29.36
35.35
40.66
Promoter’s Contribution
6.34
8.45
8.45
8.73
8.93
Administrative Expenses
2.65
2.79
3.42
4.21
4.62
Salaries (Indirect)
2.64
2.90
3.65
4.52
4.97
Selling Expenses
27.63
49.08
61.64
85.27
112.83
Preoperative Expenses Written-Off
1.67
1.67
0.42
0.42
0.42
E) Total Non Operating Expenses
79.72
105.90
117.98
145.44
175.61
F) Profit Before Tax (PBT)
41.33
91.21
103.42
140.69
180.02
Provision for Taxation
12.16
28.85
34.13
46.50
58.53
G) Profit After Tax (PAT)
29.17
62.36
69.30
94.19
121.49
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Cost of Production and Profitability Statement