Bank Transacations Tax Expenses by eqw18005

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									                                                       PUNJAB NATIONAL BANK

SCHEDULE 1 - CAPITAL                                                                                                                      (Rs.000 omitted)
                                                                                       As on 31.03.09                                     As on 31.03.08

Authorised
150,00,00,000 Equity Shares of Rs. 10 each                                                      15000000                                           15000000

Issued & Subscribed
31,53,02,500 (Previous year 31,53,02,500 )                                                       3153025                                            3153025
Equity Shares of Rs. 10 each

Paid Up
31,53,02,500 (Previous year 31,53,02,500 )                                                       3153025                                            3153025
Equity Shares of Rs. 10 each
(includes 18,22,41,300 Equity Shares
(Previous year 18,22,41,300) of Rs. 10 each
held by Central Government )
                                                                                        --------------------                                -------------------
                               TOTAL                                                             3153025                                            3153025
                                                                                        ============                                       ============

SCHEDULE 2 - RESERVES & SURPLUS

 I. Statutory Reserves
    -----------------------------
    Opening Balance                                                 28006095                                           22884188
    Addition during the year                                         7727203                                            5121907
                                                             -----------------------                            -----------------------
                                                                                                35733298                                           28006095
 II. Capital Reserves
     --------------------------
 a) Revaluation Reserve
     Opening Balance                                                15356953                                            2938463
     Addition during the year                                              0                                           12638036
     Deduction during the year                                        219546                                             219546
     (being depreciation on revalued portion of property)
     Transfer to Other Reserves                                                   0                                                  0
                                                             -----------------------                            -----------------------
                                                                                                15137407                                           15356953
 b) Others
    Opening Balance                                                   3197991                                            2358543
    Addition during the year                                          2756342                                             839448
                                                             -----------------------                            -----------------------
                                                                                                 5954333                                            3197991
III. Share Premium
     Opening Balance                                                20114285                                           20114285
     Addition during the year                                              0                                                  0
     Deduction during the year                                             0                                                  0
                                                             -----------------------            20114285        -----------------------            20114285
IV. Revenue and other Reserves
    -------------------------------------------
 a) Investment Reserve Account
    Opening Balance                                                         0                                                        0
    Add :Transfer from P&L Appropriation A/c                          1071089                                                        0
                                                             -----------------------             1071089        -----------------------                       0
 b) Exchange Fluctuation Reserve
    Opening Balance                                                        6316                                                6545
    Less: Withdrawn during the year (Net)                                     0                                                 229
    Add: Addition during the year (Net)                                   41469                                                   0
                                                             -----------------------                 47785      -----------------------                  6316
 c) Other Reserve
    Opening Balance                                                 53348799                                           52744377
    Addition during the year                                        11900000                                            9885902
    Less:Transferred to Profit & loss appropriation A/c                    0                                                  0
    Less: Transitory Liability (AS-15 R)                                   0                                            9281000
    Less: Payment for blocked accounts                                   138                                                480
                                                            ------------------------            65248661 ------------------------                  53348799
 d) Deferred Tax Reserve
    Opening Balance                                                               0                                                  0
    Addition during the period                                                    0                                                  0
                                                            ------------------                             0 ------------------                               0

V. Balance in Profit & Loss Account                                                                  76413                                                     0
                                                                                       ----------------------                             ---------------------
   Total of I, II, III, IV,V                                                                   143383271                                         120030439
                                                                                         ============                                      ============
                                                  PUNJAB NATIONAL BANK

                                                                                                                                   (Rs.000 omitted)
SCHEDULE 3 - DEPOSITS

                                                                               As on 31.03.09                                      As on 31.03.08


 I. Demand Deposits
    -------------------------
    (i) From Banks                                        14386270                                            15428726
    (ii) From Others                                     173752758                                           162482832
                                                    -----------------------           188139028         -----------------------           177911558

 II. Savings Bank Deposits                                                            626460090                                           537697066

III. Term Deposits
     --------------------
  A (i) From Banks                                        42582177                                            17584628
     (ii) From Others                                   1240423672                                           931379008
                                                    -----------------------         1283005849          -----------------------          948963636
                                                                               ---------------------                               ---------------------
                              Total I, II & III                                     2097604967                                          1664572260
                                                                              =============                                       =============

B. (i) Deposits of branches in India                                                 2070133626                                          1663543574
   (ii) Deposits of branches outside India                                              27471341                                              1028686
                                                                              -----------------------                             -----------------------
                            TOTAL B (i) & (ii)                                       2097604967                                          1664572260
                                                                               =============                                       =============


SCHEDULE 4 - BORROWINGS


 I. Borrowings in India

 (i) Reserve Bank of India                                                                         0                                        21500000

(ii) Other Banks                                                                           354241                                              344837

(iii) Other Institutions and Agencies                                                    3343097                                             1598891

 II. Borrowings outside India                                                           40046295                                           31021868
                                                                              ----------------------                              ---------------------
                                Total of I, II                                          43743633                                           54465596
                                                                              =============                                       =============

    Secured Borrowings included in I & II above                                                    0                                        21500000
                                                     PUNJAB NATIONAL BANK


SCHEDULE 5 - OTHER LIABILITIES AND PROVISIONS                                                                                       (Rs.000 omitted)

                                                                                 As on 31.03.09                                     As on 31.03.08


 I. Bills Payable                                                                         26446984                                           21130835

II. Inter-Office adjustments(net)                                                          1616481                                            3860430

III. Interest accrued                                                                      3244162                                            3247503

IV. Unsecured Redeemable Bonds
 a) (Subordinate debts for Tier II Capital)

   Series No.     Interest Rate   Date of Maturity
      VI              10.00%                01.04.08                  0                                            3000000
     VIII              8.30%                18.04.09             950000                                             950000
     VIII              8.80%                18.04.12            2950000                                            2950000
     IX                5.80%                04.05.13            2650000                                            2650000
     X                  5.90%               08.06.13            5000000                                            5000000
     XI                8.45%                16.04.16            8848000                                            8848000
     XII               9.15%                16.04.16            1150000                                            1150000
     XIII              8.95%                08.04.16            5000000                                            5000000
b) Upper Tier-II Bonds
   Series-I         8.80%/9.30%          08.12.21              5000000                                             5000000
   Series-II        9.35%/9.85%          12.12.22              5000000                                             5000000
   Series-III       9.35%/9.85%          05.03.23              5100000                                             5100000
   Series-IV         9.45%/9.95%         27.03.23              6000000                                             6000000
   Series-V        10.85%11.35%         29.09.23               5000000                                                   0
   Series-VI         8.95%/9.45%         22.12.23              5000000                                                   0
   Series-VII       9.15%/9.65%          18.02.24             10000000                                                   0
c) Tier-I Bonds (Perpetual Debt Instruments)
   Series-I        10.40%/10.90%                                5000000                                            5000000
   Series-II        9.75%/10.25%                                3000000                                            3000000
   Series-III       9.45%/9.95%                                 3000000                                            3000000
   Series-IV        8.90%/9.40%                                 2205000
                                                       -----------------------            80853000        -----------------------            61648000

V. Deferred Tax Liability (Net)                                                        ----------------                                   ----------------

VI. Others (including Provisions)                                                         69140650                                           58095518
                                                                                 ---------------------                              ---------------------
                    Total of I, II, III, IV, V, VI                                      181301277                                          147982286
                                                                                 =============                                      =============




SCHEDULE 6 - CASH AND BALANCES WITH RESERVE BANK OF INDIA




 I. Cash in hand (including foreign                                                       16287553                                           14421345
    currency notes)



II. Balance with Reserve Bank of India
    In Current Account                                                                  154294983                                          138160172
    In other Account                                                                         ----------                                         ----------
                                                                                 ---------------------                              ---------------------
                           Total of I, II                                               170582536                                          152581517
                                                                                  ============                                      =============
                                            PUNJAB NATIONAL BANK


SCHEDULE 7- BALANCES WITH BANKS & MONEY AT CALL & SHORT NOTICE
                                                                                                                               (Rs.000 omitted)

                                                                         As on 31.03.09                                        As on 31.03.08


 I.      In India

      (i) Balances with Banks

      a) In Current Accounts                          9405944                                                7311576
      b) In Other Deposit Accounts                   16901000                                               18319258
                                              -----------------------             26306944           -----------------------            25630834

      (ii) Money at Call and Short Notice

      a) with Banks                                           0                                                           0
      b) with Other Institutions                         208900                       208900                              0                           0
                                                                           -----------------------   -----------------------     -----------------------
                            TOTAL                                                 26515844                                              25630834

II.      Outside India


      (i) Balances with Banks
      a) In Current Accounts                          3025482                                                 4367492
      b) In Other Deposit Accounts                   12120412                                                 1507645

      (ii) Money at Call & Short Notice                1887170                                                4219750

                                              -----------------------                                -----------------------
                             TOTAL                                                17033064                                              10094887
                                                                        -----------------------                                ---------------------
                    GRAND TOTAL of I, II                                          43548908                                              35725721
                                                                         =============                                         =============
                                                    PUNJAB NATIONAL BANK

SCHEDULE 8 - INVESTMENTS                                                                   (Rs.000 omitted)

                                                                  As on 31.03.09           As on 31.03.08

  I. Investments in India : Gross                                        631459777                546920641

    Less: Provision for Depreciation                                         3754757                  9202046
                                                                  ---------------------    ---------------------
    Net Investment in India                                              627705020                537718595
                                                                   ============            =============
 (i) Government Securities                                               545308216                442167183

(ii) Other Approved Securities                                              6674305                  8011108

(iii) Shares                                                               12057069                  8691811

(iv) Debentures and Bonds                                                  44703564                 40066846

(v) Subsidiaries and/or joint ventures                                      5394934                  5350577
    ( including sponsored institutions )

(vi) Others                                                                13566932                 33431070
     Various Mutual Funds
     & Commercial Papers etc.


                                                                  ----------------------   ---------------------
                         TOTAL of I                                       627705020               537718595
                                                                    ============           =============

 II. Investments Outside India : Gross                                      6146783                  2198455

    Less: Provision for depreciation                                                   0                        0
                                                                  ---------------------    ---------------------
    Net Investments outside India                                            6146783                  2198455
                                                                  ---------------------    ---------------------


 (i) Govt. securities including local authorities                                     0                        0

(ii) Subsidiary and / or Joint ventures abroad                              3476384                  2197634

(iii) Others                                                                 2670399                        821
                                                                  ----------------------   ---------------------
                         TOTAL of II                                         6146783                  2198455

                                                                  ---------------------    ---------------------
               GRAND TOTAL of I, II                                      633851803                539917050
                                                                   ============            =============
                                                 PUNJAB NATIONAL BANK

 SCHEDULE 9 - ADVANCES                                                                  (Rs.000 omitted)

                                                               As on 31.03.09           As on 31.03.08


A (i) Bills purchased and discounted                                    43999617                43678195

  (ii) Cash Credits, Overdrafts & Loans                               689178629                559371311
       repayable on demand

 (iii) Term Loans                                                      813851641               591966156
                                                               ----------------------   ---------------------
                            Total                                    1547029887               1195015662
                                                                 ============           =============

B (i) Secured by tangible assets                                     1271284989                977067349
      (Includes advances against Book Debts)

  (ii) Covered by Bank/Government guarantees                            60942386                16943636

 (iii) Unsecured                                                      214802512                201004677
                                                               ---------------------    ---------------------
                            Total                                    1547029887               1195015662
                                                                ============            =============
C (I) Advances in India

  (i) Priority Sector                                                 492123451                462168838

  (ii) Public Sector                                                  114217670                128614014

 (iii) Banks                                                             2455558                  6249469

 (iv) Others                                                          899983434                597650256
                                                               ---------------------    ---------------------
                            Total                                    1508780113               1194682577
                                                               =============            =============
C (II) Advances outside India

  (i) Due from Banks                                                    29577968                           0

  (ii) Due from Others                                                             0                       0

  (a) Bills Purchased & Discounted                                       1558931                        614

  (b) Term Loan                                                          3897131                     10244

  (c) Others                                                              3215744                   322227
                                                               ----------------------   ---------------------
                            Total                                        38249774                   333085

                                                               ---------------------    ---------------------
               GRAND TOTAL ( Total of I & II )                       1547029887               1195015662
                                                                ============            =============
                                                          PUNJAB NATIONAL BANK
SCHEDULE 10 - FIXED ASSETS                                                                                                                (Rs.000 omitted)
                                                                                      As on 31.03.09                                      As on 31.03.08
A TANGIBLE ASSETS
 I. Premises
    At cost / valuation as on                                      20300625                                              7153292
    31st March of the preceding year

   Addition during the period                                          377947                                              509545
                                                            -----------------------                            ------------------------
                                                                   20678572                                              7662837

   Deduction during the period                                                   0                                               248
                                                            -----------------------                             -----------------------
                                                                   20678572                                              7662589

   Add: Revaluation                                                              0                                     12638036
                                                            -----------------------                             -----------------------
                                                                   20678572                                            20300625

   Depreciation to date                                              2225138                                             1947956
   (Including on revalued amount )                          -----------------------            18453434         -----------------------            18352669

II. Other Fixed Assets (Including Furniture & Fixtures)
    At cost as on 31st March of                                    16083582                                            14638026
    the preceding year

   Addition during the period                                        2305491                                             1748533
                                                            -----------------------                             -----------------------
                                                                   18389073                                            16386559

   Deduction during the period                                         480128                                              302977
                                                            -----------------------                             -----------------------
                                                                   17908945                                            16083582

   Depreciation to date                                            12859167                                            11647063
                                                            -----------------------             5049778         -----------------------             4436519

III Leased Assets
    At cost as on 31st March of                                        252386                                              290875
    the preceding year
                                                            -----------------------                             -----------------------
                                                                       252386                                              290875

   Addition/adjustment during the period                                         0                                                   0

   Deduction during the period                                                   0                                           38489
                                                            -----------------------                            ------------------------
                                                                       252386                                              252386
   Amortisation / lease adjustment to date                             248179                                              246200
                                                            -----------------------                   4207      -----------------------                   6186
                                                                                      ----------------------                              ---------------------
                         Total of I, II, III                                                    23507419                                           22795374
                                                                                      =============                                       =============
B INTANGIBLE ASSETS
  Computer Software
  At cost as on 31st March of                                        1234281                                             1110137
  the preceding year
  Addition during the period                                           263800                                              124144
                                                            -----------------------                             -----------------------
                                                                     1498081                                             1234281

   Deduction during the period                                                   0                                                   0
                                                            -----------------------                             -----------------------
                                                                     1498081                                             1234281

   Amortised to date                                                 1034427                                               874436
                                                            -----------------------               463654        -----------------------               359845
                                                                                       ---------------------                               ---------------------
                              Total                                                               463654                                              359845
                                                                                      ---------------------                               ---------------------
                   GRAND TOTAL (A+B)                                                           23971073                                            23155219
                                                                                      =============                                       =============
                                                    PUNJAB NATIONAL BANK

SCHEDULE 11 - OTHER ASSETS                                                                  (Rs.000 omitted)

                                                                  As on 31.03.09           As on 31.03.08

  I. Interest accrued                                                      15142354                 14174201

 II. Tax paid in advance / tax deducted                                    11444587                 12632163
     at source

III. Stationery and stamps                                                      90675                    75198

IV. Non-banking assets acquired in                                               2714                     2679
    satisfaction of claims

 V. Deferred tax asset (net)                                                2845588                  2283232

VI. Others                                                                 20676048                 14640964
                                                                  ---------------------    ---------------------
                   Total of I, II, III, IV, V, VI                          50201966                 43808437
                                                                   ============            =============


SCHEDULE 12 - CONTINGENT LIABILITIES

I.(i) Claims against the Bank not acknowledged                              1763041                  1683046
      as debts

(ii) Disputed income tax and interest tax                                  11551454                  8461448
     demands under appeals, references,etc.



 II. Liability for partly paid investments                                         115                    1915

III. Liability on account of outstanding                                 577497769                650855716
     forward exchange contracts

IV. Guarantees given on behalf of constituents:

    (a) In India                                                         132890351                111711195

    (b) Outside India                                                      66894392                 31004592

 V. Acceptances, endorsements and other                                  243795857                163444291
    obligations

VI. Other items for which the Bank is                                       2109482                  2352845
    contingently liable

                                                                  ----------------------   ----------------------
                   Total of I, II, III, IV, V, VI                       1036502461                 969515048
                                                                  =============            =============
                                                      PUNJAB NATIONAL BANK

SCHEDULE 13 - INTEREST EARNED                                                                                                        (Rs.000 omitted)


                                                                                   YEAR ENDED                                         YEAR ENDED
                                                                                     31.03.09                                           31.03.08

 I. Interest/discount on advances/bills                                                  146377818                                          104390624

 II. Income on Investments                                                                 44099499                                          36113189

III. Interest on balances with Reserve Bank of                                              2023155                                            1503275
     India and other Inter-Bank funds

IV. Others                                                                                     761158                                            643088
                                                                                  ----------------------                             ---------------------
                      Total of I, II, III, IV                                             193261630                                         142650176
                                                                                    ============                                     =============

SCHEDULE 14 - OTHER INCOME
                                                                                   YEAR ENDED                                         YEAR ENDED
                                                                                     31.03.09                                           31.03.08

 I. Commission, Exchange and Brokerage                                                     13766432                                          11062308


 II. Profit on sale of Investments                               7479159                                            4580680

   Less: Loss on sale of Investments                               832442                                             161350
                                                        -----------------------             6646717        -----------------------             4419330


III. Profit on revaluation of Investments                                    0                                                  0

   Less: Loss on revaluation of                                              0                                                  0
         Investments/ Ammortisation                     -----------------------                       0    -----------------------                      0


IV. Profit on sale of land,                                          22463                                              14669
    buildings and other assets
    Less: Loss on sale of land,                                        4709                                               3331
    buildings and other assets                          -----------------------                 17754      -----------------------                11338

 V. Profit on exchange transactions                              2971825                                            2238275
    Less: Loss on exchange transacations                           28766                                             124375
                                                        -----------------------             2943059        -----------------------             2113900

VI. Income earned by way of dividends etc.                                                    292927                                              52527
    from subsidiaries / companies and / or
    joint ventures in India & abroad.

VII. Miscellaneous Income                                                                    5530007                                            2316203
                                                                                  ----------------------                             ---------------------
                Total of I, II, III, IV, V, VI, VII                                         29196896                                          19975606
                                                                                  =============                                      =============
                                                   PUNJAB NATIONAL BANK

SCHEDULE 15 - INTEREST EXPENDED

                                                                                                                                    (Rs.000 omitted)

                                                                                YEAR ENDED                                           YEAR ENDED
                                                                                  31.03.09                                             31.03.08

  I. Interest on Deposits                                                              115643211                                             82651486

 II. Interest on Reserve Bank of India/                                                   1194971                                               590690
     inter-bank borrowings

 III. Others                                                                              6114854                                              4066443
                                                                               ----------------------                                ---------------------
                         Total of I, II, III                                          122953036                                              87308619
                                                                                ============                                        =============


SCHEDULE 16 - OPERATING EXPENSES
                                                                                YEAR ENDED                                           YEAR ENDED
                                                                                  31.03.09                                             31.03.08

  I. Payments to and Provisions for employees                                           29243848                                             24615435



 II. Rent, Taxes and Lighting                                                             2262660                                             1939421

 III. Printing and Stationery                                                               454276                                              443528

 IV. Advertisement and Publicity                                                            312431                                              233148

 V. Depreciation/Amortisation on Bank's property              2130152                                              1921887
    Less: Adjusted with Revaluation Reserve                    219546                                               219546
                                                     -----------------------                             ------------------------
                                                                                          1910606                                             1702341

 VI. Directors' fees, allowances and expenses                                                13512                                                 9384

VII. Auditors' fees and expenses (including                                                 310319                                              361845
     branch auditors' fees & expenses)

VIII. Law Charges                                                                           153166                                              130993

 IX. Postage, Telegrams, Telephones, etc.                                                   765945                                              555653

 X. Repairs and Maintenance                                                                 668651                                              553866

 XI. Insurance                                                                            1696539                                             1408230

XII. Other expenditure                                                                     4270064                                             3300927
                                                                               -----------------------                               ---------------------
                       Total of I to XII                                                 42062017                                            35254771
                                                                                =============                                       =============
                                               PUNJAB NATIONAL BANK
                                           BALANCE SHEET AS ON 31st MARCH, 2009


                                                                                                                   (Rs.000 omitted)

     CAPITAL & LIABILITIES                      Schedule                          As on 31.03.09                        As on 31.03.08

     Capital                                        1                                       3153025                               3153025
     Reserves & Surplus                             2                                   143383271                              120030439
     Deposits                                       3                                  2097604967                            1664572260
     Borrowings                                     4                                     43743633                               54465596
     Other Liabilities and Provisions               5                                   181301277                              147982286
                                                                                  --------------------                  ---------------------
                                                 TOTAL                                 2469186173                            1990203606
                                                                                  ============                          ============
     ASSETS

     Cash & Balances with
     Reserve Bank of India                          6                                   170582536                             152581517
     Balances with Banks & Money
     at call & short notice                         7                                     43548908                              35725721
     Investments                                    8                                   633851803                              539917050
     Advances                                       9                                  1547029887                            1195015662
     Fixed Assets                                   10                                    23971073                              23155219
     Other Assets                                   11                                    50201966                              43808437
                                                                                  --------------------                  --------------------
                                                  TOTAL                                2469186173                            1990203606
                                                                                  ============                          ============
     Contingent Liabilities                         12                                 1036502461                              969515048
     Bills for Collection                                                                 75618402                              71045594

     Significant Accounting Policies                17
     Notes on Accounts                              18

     The Schedules 1 to 18 form an integral part of the Accounts.




                    S P RAJA                                                                                ASHWANI CHADHA
                CHIEF MANAGER                                                                            ASSTT. GENERAL MANAGER



                 KVBn RAO                                                                                    S RANGANATHAN
           DY. GENERAL MANAGER                                                                              GENERAL MANAGER



                                 M V TANKSALE                                            NAGESH PYDAH
                              EXECUTIVE DIRECTOR                                       EXECUTIVE DIRECTOR




                                                             DR. K C CHAKRABARTY
                                                        CHAIRMAN & MANAGING DIRECTOR


 RAVNEET KAUR                    L.M FONSECA                  S R KHURANA                     M L BAGGA                MA ANTULAY
    DIRECTOR                          DIRECTOR                    DIRECTOR                       DIRECTOR                 DIRECTOR



G P KHANDELWAL                   V K MISHRA                  T N CHATURVEDI                 D K SINGLA            G R SUNDARAVADIVEL
    DIRECTOR                      DIRECTOR                       DIRECTOR                     DIRECTOR                    DIRECTOR


                                              As per our Report of even date


   FOR V SANKAR AIYAR & CO.                             FOR N C RAJAGOPAL & CO.                                FOR GUPTA & GUPTA
   CHARTERED ACOUNTANTS                                 CHARTERED ACOUNTANTS                                CHARTERED ACCOUNTANTS


         (R RAGHURAMAN)                                  (V CHANDRASEKARAN)                                         (S B GUPTA)
              Partner                                           Partner                                                 Partner


      FOR P JAIN & CO.                                     FOR KALANI & CO.                                  FOR ANJANEYULU & CO.
  CHARTERED ACCOUNTANTS                                 CHARTERED ACOUNTANTS                                CHARTERED ACCOUNTANTS


            (PANKAJ JAIN)                                  (VIKAS GUPTA)                                       (D V ANJANEYULU)
             Partner                                            Partner                                               Partner
Date : 20.05.09
Place: New Delhi
                                                  PUNJAB NATIONAL BANK
                               PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH, 2009
                                                                                                                         (Rs.000 omitted)
                                                                                       YEAR ENDED                             YEAR ENDED
                                                       Schedule                          31.03.09                                31.03.08
 I. INCOME
    Interest earned                                        13                                 193261630                              142650176
    Other Income                                           14                                  29196896                               19975606
                                                                                       ---------------------                  --------------------
                       TOTAL                                                                  222458526                              162625782
                                                                                       ============                           ============
II. EXPENDITURE
    Interest expended                                      15                                 122953036                                87308619
    Operating expenses                                     16                                  42062017                                35254771
    Provisions and Contingencies                                                               26534663                                19574761
                                                                                       ---------------------                  ---------------------
                       TOTAL                                                                  191549716                              142138151
                                                                                       ============                           ============
III. PROFIT
     Net Profit for the period                                                                 30908810                                20487631
     Add: Balance in Profit & Loss A/c                                                                0                                   155173
     Add : Transferred from other Reserves                                                                                                        0
                                                                                      ----------------------                  ---------------------
   Profit Available for Appropriation                                                          30908810                                20642804
                                                                                       ============                            ============
IV. APPROPRIATIONS
    Transfer to :
    Statutory Reserves                                                                           7727203                                5121907
    Capital Reserves                                                                             2756342                                 839448
    Revenue & Other Reserves                                                                   11900000                                 9885902
    Final Dividend proposed for the Year 2008-09                                                 6306050                                          0
   Tax on Dividend proposed for the Year 2008-09                                                 1071713                                          0
   Interim Dividend                                                                                        0                                      0
   Proposed Dividend 2007-08                                                                               0                            4098933
   Tax on Dividend 2007-08                                                                                 0                             696614
   Investment Reserve Account                                                                    1071089                                          0
   Balance in Profit & Loss Account                                                                 76413                                         0
                                                                                       ---------------------                 ----------------------
                       TOTAL                                                                   30908810                               20642804
                                                                                       ============                          =============
     Earning Per Share (Rs.) (Basic/Diluted)                                                  98.03                                 64.98

     Significant Accounting Policies                       17
     Notes on Accounts                                     18


                          S P RAJA                                                                                ASHWANI CHADHA
                      CHIEF MANAGER                                                                            ASSTT. GENERAL MANAGER


                     KVBn RAO                                                                                      S RANGANATHAN
               DY. GENERAL MANAGER                                                                                GENERAL MANAGER


                                      M V TANKSALE                                            NAGESH PYDAH
                                   EXECUTIVE DIRECTOR                                       EXECUTIVE DIRECTOR


                                                                  DR. K C CHAKRABARTY
                                                             CHAIRMAN & MANAGING DIRECTOR


     RAVNEET KAUR                       L.M FONSECA                  S R KHURANA                   M L BAGGA                 MA ANTULAY
        DIRECTOR                             DIRECTOR                     DIRECTOR                     DIRECTOR                  DIRECTOR



   G P KHANDELWAL                       V K MISHRA                 T N CHATURVEDI                D K SINGLA             G R SUNDARAVADIVEL
       DIRECTOR                          DIRECTOR                       DIRECTOR                    DIRECTOR                    DIRECTOR

                                                     As per our Report of even date

       FOR V SANKAR AIYAR & CO.                              FOR N C RAJAGOPAL & CO.                                 FOR GUPTA & GUPTA
       CHARTERED ACOUNTANTS                                  CHARTERED ACOUNTANTS                                 CHARTERED ACCOUNTANTS


             (R RAGHURAMAN)                                     (V CHANDRASEKARAN)                                        (S B GUPTA)
                  Partner                                              Partner                                                Partner


          FOR P JAIN & CO.                                      FOR KALANI & CO.                                   FOR ANJANEYULU & CO.
      CHARTERED ACCOUNTANTS                                  CHARTERED ACOUNTANTS                                 CHARTERED ACCOUNTANTS


                 (PANKAJ JAIN)                                    (VIKAS GUPTA)                                      (D V ANJANEYULU)
                  Partner                                              Partner                                              Partner
   Date: 20.05.09
   Place: New Delhi

								
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