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 Profit Loss Account
 
M/S.CHLORIDE ALLOYS INDIA LIMITED,

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH 2010
         (Figures in Rupees) 
 Particulars   Sch.       
 Ref.   2009-2010   2008-2009 
 INCOME:           
 Sales and Income from Operations        11      5,464,428,513      4,437,207,917
 Other Income        12            3,308,021            1,804,510
   5,467,736,534    4,439,012,427
 EXPENDITURE:           
 Materials Cost & Inventory Adjustment        13    4,561,372,006      4,108,545,289  
 Manufacturing Expenses        14      123,659,435          62,960,361  
 Personnel Cost        15        58,219,241          45,268,572  
 Administrative Expenses        16        13,366,065          10,234,815  
 Selling and Distribution Expenses        17        97,358,696          36,371,755  
 Financial Expenses        18        41,086,759          84,052,330  
 Directors Remuneration           23,135,000            8,275,500  
 Depreciation         5        17,032,913          13,135,578  
 Less : transfer from revaluation reserve            (4,875,110)           (4,332,650)  
 Preliminary Expenses Written off                        -      4,930,355,004                     -      4,364,511,551
 PROFIT BEFORE TAXES           537,381,530          74,500,876
 Provision for Taxation            
  - Current Taxes         184,000,000          25,600,000  
  - Deferred Tax             1,214,443               423,155  
  - Fringe Benefit Tax                    276,000  
  - Prior Period Taxes           185,214,443                   441        26,299,596
 PROFIT AFTER TAXES           352,167,087          48,201,280
           
 Balance brought forward from previous year.         121,740,829          84,425,045
           473,907,916        132,626,325
 Less : Appropriation           
   - Transfer to General reserve           37,500,000          10,885,499  
   - Proposed Dividend           46,800,000      
   - Dividend Distribution tax             7,953,660        92,253,660          10,885,499
 Balance  Carried Over to Balance Sheet         381,654,256        121,740,826
           
 Earning Per Share                     75.25                  10.30
 (Refer Note No 9 to Notes to Accounts)           
 Notes To Accounts        19        
           
           
 As per our report of even date attached       For and on behalf of the Board of Directors 
 For Natvarlal Vepari & Co.           
 Chartered Accountants           
           
           
           
 N Jayendran           
 Partner           
           
 Kolkata, Dated : April 15, 2010         DIRECTORS :   
 
 
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