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Pioneer Institute
Of
Professional Studies
Presentation
on
ANNUAL REPORT OF JAGSONPAL
PHAMAACEUTICALS LTD.
Submitted To- Submitted By-
Prof. Anil Kundnani Tarunendra Agnihotri
Sec.-A
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MBA- 2nd sem
DIRECTORS REPORT:-
The Directors have the pleasure in presenting their 30th Annual
Reportof the Company and the Audited Accounts, for the year ended
31 stMarch, 2009.
Financial highlights
The financial performance of the company is as under:
(Rs. in Lacs)Particulars Current Previous
Year Year
Sales 14201.48 15779.95Operating Expenditure 12628.72
14456.91Profit before interest, dep. and tax 1572.76
1323.04Financial Expenses 457.93 635.14Depreciation 124.98
168.72Profit before Tax 989.85 519.18Provision for taxation 319.30
188.14Deferred Tax 16.95 -13.36
Fringe Benefit Tax 36.37 36.80Profitaftertax 617.23
307.60Balance brought forward 1311.64 1084.69Profit available for
appropriation 1928.87 1392.29Appropriations:
Proposed Dividend 65.50 26.20Additional Income tax on Dividend
11.13 4.45Transferto General Reserve 50.00 50.00Balance carried
forward 1802.24 1311.64
Operations
During the year ended 31st March, 2009 sales of the Company were
Rs.14201.48 lakhs as compared to Rs. 15779.95 lakhs for the year
ended31st March, 2008. The profit before tax increased from Rs.
519.18 lacsto Rs. 989.85 lacs. The Net Profit of the Company after
meeting the
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tax liabilities registered a 100% increase.
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Balance Sheet (Rs. in millions)
Liabilities
March-2009(12
Months)
March- 2008(12 Months)
Share Capital 130.99 130.99
Reserves & Surplus 527.78 473.72
Net Worth (1) 801.68 750.34Secured Loans (2) 246.70 358.49
Unsecured Loans (3) 32.96 45.32
TotalLiabilities(1+2+3)
1,081.34
1,154.15
Assets
March-2009(12
Months)
March- 2008(12 Months)
Fixed Assets
Gross Block 453.31 442.24
(-) Acc. Depreciation 164.64 149.42
Net Block (A) 145.77 147.19Capital Work in
Prgs. (B) 246.19 172.47
Investments (C) 0.00 0.00
Current Assets, Loans & Advs.
Inventories 220.05 335.06
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Sundry Debtors 370.56 411.47
Cash And Bank 70.75 62.87
Loans And Advances 31.53 64.87
(i) 692.90 874.28Current Liab. & Provs.
Current Liabilities 107.25 126.67
Provisions 39.18 58.75
(ii) 146.43 185.42
Net Curr. Assets (i -ii) (D)
546.47 688.86
Misc. Expenses (E) 0.00 0.00Total Assets(A+B+C+D+E)
1,081.34 1,154.15
Profit & Loss Accounts (Rs. in millions)
March - 2009(12 months)
% March - 2008(12 months)
%
Sales
1,361.98
+1.00
1,500.94
+1.00 Other
Income 2.71 +0.00 2.55 +0.00
Total Income 1,364.68 - 1,503.49 -Raw MaterialCost 789.03 +0.58
913.06 +0.61
Excise 58.17 +0.04 77.06 +0.05 OtherExpenses 360.20 +0.26 381.07
+0.25
Operating
Profit 154.57 +0.11 129.75 +0.09
InterestName 45.79 +0.03 63.51 +0.04
Gross Profit 108.78 +0.08 66.24 +0.04 Depreciation 12.50 +0.01
16.87 +0.01 Profit Bef.Tax 98.99 +0.07 51.92 +0.03
Tax 37.26 +0.03 21.16 +0.01
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Net Profit 61.72 +0.05 30.76 +0.02 Other Non-RecurringIncome
0.00 0.00
Reported
Profit 61.72 +0.05 30.76 +0.02
EquityDividend 6.55 +0.00 2.62 +0.00
Ratios Profitability Ratios %March- 2009(12 months)March-
2008(12 months)
Operating Profit Margin 11.34 8.64
Gross Profit Margin 10.43 7.52
Net Profit Margin 4.52 2.04
Turnover Ratios
Inventory Turnover Ratio 6.45 4.71
Debtor Turnover Ratio 3.68 3.65
Fixed Asset Turnover Ratio 3.01 3.40
Solvency RatioCurrent Ratio 4.73 4.72
Debt Equity Ratio 0 .42 0 .67
Interest Covering Ratio 3.38 2.04
Performance Ratio %
Return On Investment 19.42 15.03
Return On Networth 9.36 5.08
Dividend Yield 12.41 9.96
