News and Events
  16th ANNUAL REPORT 2005-2006

INCAP Limited ( ICL ) has set up a unit for manufacture of Aluminum Electrolytic Capacitors ( AECs ) of different sizes.
 

16th ANNUAL REPORT

2005-2006

17th ANNUAL REPORT

2006-2007

18th ANNUAL REPORT

2007-2008

 
 
BALANCE SHEET AS AT 31ST MARCH, 2006
 

Particulars

Schedules

As at 31ST March, 2006 Rs.

As at 31ST March,  2005 Rs.

SOURCES OF FUNDS      
SHARE HOLDERS FUNDS      
    a) Share Capital 1 46532000 46532000
    b) Reserves and surplus 2 19986260 19977995
       
LOAN FUNDS      
    a) Secured Loans 3 9238654 13735500
    b) Unsecured Loans 4 20435083 22498229
       
DEFERRED TAX LIABILITY (Net) 5 11410395 13830927
Total   107602392 116574651
 

Application of Funds

     
FIXED ASSETS      
    a) Gross Block   112826052 112968414
    b) Less : Depreciation   69478744 64140471
    c) Net Block 6 43347308 48827943
INVESTMENTS 7 2047730 7248166
CURRENT ASSETS, LOANS, & ADVANCES      
a) Inventories 8 47788081 46193025
b) Sundry Debtors 9 21385592 16966513
c) Cash & Bank Balances 10 26576740 23040865
d) Other Current Assets 11 2460586 1230051
e) Loans and Advances 12 7437961 6931388
    105648960 94361842
Less : CURRENT LIABILITIES & PROVISIONS      
a) Current Liabilities 13 34820099 23762433
b) Provisions 14 8621507 10100867
NET CURRENT ASSETS   62207354 60498542

TOTAL

  107602392 116574651
 
 
 
 

PROFIT & LOSS ACCOUNT FOR THE PERIOD ENDED 31ST MARCH, 2006

Particulars Schedules

As at 31ST March, 2006 Rs.

As at 31ST March,  2005 Rs.

INCOME      
Sales 15 120863395 131406930
Other Income 16 4193140 2436689
Increase(+)/Decrease (-) in stocks 17 -4572889 3261475

TOTAL (A)

  120483646 137105094
EXPENDITURE      
     
Raw Material Consumed 18 80684530 90321488
Stores and Spares consumed 19 1019361 1914377
Payments and Benefits to Employees 20 7340429 7655464
Mfg., Admn. Selling and other expenses 21 12971140 13882723
Central Excise Duty   5294858 6523834
Interest 22 1319232 779294
Loss on Revaluation on Investments   - 251834
Loss on Sale of Asset   43342 5502
Bad Debts Written Off   - 401513
Depreciation   5599561 5789628

TOTAL (B)

  114272453 127525657
       
Profit Before Taxation (A-B)   6211193 9579437
Less : Provision for Taxation   3315696 4839552
Add : Deferred Tax Liability (Net)   2420532 899910
       
Net Profit for the year   5316029 5639795
Balance brought forward from previous year   14953 82020
       
Amount available for appropriation   5721815 5501033
       
APPROPRIATIONS      
Proposed Dividend   4653200 4653200
Tax on Dividend (incld.   652611 608115
Income Tax provisions relating to previous years   1953 445547

Surplus carried to Balance Sheet

  23218 14953
    5330982 5721815
Note : The Schedules, Accounting Policies and notes on Accounts form an integral part of the Balance Sheet.

As per our report of even date attached

    for PURNACHANDRA RAO & CO.,
         Chartered Accountants
 
 
         G.V. PURNACHANDRA RAO
                     Partner
       for and on behalf of the Board
 
 
 
             M.PRABHAKAR RAO
                   CHAIRMAN
Hyderabad June 25, 2006.
  K.  RAMAKOTESWARA RAO

         Executive Director

 

C. BHAGAVANTHA RAO

Managing Director

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