76
Kajaria Ceramics Limited
Annual Report
2012-13
25
YEARSOF
WORKINGWITH
ANATTITUDE
CELEBRATING
Notes on Accounts
31.
Year ended
Year ended
31.03.2013
31.03.2012
`
in million
`
in million
A) Expenditure in Foreign Currency (on accrual basis) :
a) Commission of Export Sales
0.07
0.18
b) Others including travel etc.
40.15
25.84
B) Payment of Dividend in Foreign Currency pertaining to :
F.Y. 2012-13
F.Y. 2011-12
• No of persons
15
15
• No of shares
31,830
31,830
• Amount in
`
79,575
63,660
33. VALUE OF IMPORTED AND INDIGENOUS
RAW MATERIAL CONSUMED AND THE
PERCENTAGE OF EACH TO TOTAL
CONSUMPTION:
2012-13
2011-12
%
(
`
Million)
%
(
`
Million)
Imported
4.40%
126.23
7.92%
226.80
FOB Value of Exports (
`
)
132.05
129.36
32. EARNINGS IN FOREIGN CURRENCY :
34. DUES TO SMALL, MICRO & MEDIUM ENTERPRISES #:
2012-13
2011-12
`
in million
`
in million
1. Principal amount outstanding
149.16
104.34
2. Interest due on (1) above and the unpaid interest
–
–
3. Interest paid on all delayed payments under MSMED Act
–
–
4. Payment made beyond the appointed date during the year
–
–
5. Interest due and payable for the period of delay other than (3) above
–
–
6. Interest accrued and remaining unpaid
–
–
7. Amount of further interest remaining due and payable in succeeding years
–
–
# The details of amounts outstanding toMicro, Small andMediumEnterprises under theMicro, Small andMediumEnterprises Development
Act, 2006 are as per available information with the Company.
35.
As per policy of the Company for Directors and other senior employees, the Company has, during the year, paid a sum of
`
50 lacs on
account of insurance premium under the employer employee policy obtained on the life of key directors and the same lies debited
under the head ‘Insurance Charges’. The policy may be assigned in the name of the insured in future. In such an event of assignment
of the policy, the same shall be treated as perquisite in the hands of the key personnel.
36.
Balances of certain debtors, creditors, loans and advances are subject to confirmation.
37.
In the opinion of the Management current assets, loans and advances have a value on realisation in the ordinary course of business
at least equal to the amount at which they are stated except where indicated otherwise.
38.
The Company had planned to put up a ceramic tile unit in Ethiopia and accordingly incorporated a subsidiary, Kajaria Ceramics Addis
Plc. The Company had invested an amount of
`
30.3 Million in the subsidiary by way of Equity and Advances. Due to adverse change
in the business environment, the Company has decided to abandon the project and take steps for dissolution of the subsidiary.
