Balance Sheet/
Profit
& Loss
MSTC & (Pratap Mill)

Balance sheet / Profit & Loss Account of MSTC Ltd. & PMA. (2014 - 15)

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MAHARASHTRA STATE TEXTILE CORPORATION LIMITED
AUDITED BALANCE SHEET AS AT 31 ST MARCH, 2012 (Rs. IN THOUSAND)

Particulars Note No. As at 31st March, 2012 As at 31st March, 2011
          Rs. Rs.
I. EQUITY AND LIABILITIES      
           
1 Shareholders' funds      
  (a) Share capital 2 23,61,575 23,61,575
  (b) Reserves and surplus 3 (84,10,043) (80,36,012)
           
2 Non-current liabilities   NIL NIL
           
3 Current liabilities      
  (a) Other current liabilities 4 61,82,749 58,17,707
  (b) Short-term provisions 5 1,815 1,382
           
    TOTAL   1,36,096 1,44,652
           
II. ASSETS        
           
1 Non-current assets      
  (a) Fixed assets 6 5,919 6,352
  (b) Non-current investments 7 7,200 7,200
  (c) Long-term loans and advances 8 8,835 8,881
           
2 Current assets      
  (a) Cash and cash equivalents 9 1,07,786 1,16,964
  (b) Trade Receivable 10 NIL NIL
  (c) Other Current Assets 11 6,356 5,255
           
    TOTAL   1,36,096 1,44,652
    Notes to Financial Statements   1    
   
  As per our report of even date attached  
  For and on behalf of ( A L KAMBLE )
  PARIKH JOSHI & KOTHARE Consultant ( Fin & A/cs )
  CHARTERED ACCOUNTANTS  
   

CA. Tejas
Partner

S Y KURSANGE
Director

Samir K. Biswas
Managing Director

 

  DATE:  
  PLACE:  

 

MAHARASHTRA STATE TEXTILE CORPORATION LIMITED
Audited Profit & Loss Account for the year ended 31/03/2012
(Rs.in Thousand)

Particulars Note 2011-12 2010-11
      Rs. Rs.
I. Revenue From Operations   NIL NIL
         
II. Other income 12 10,436 24,997
         
III. Total Revenue (I + II)   10,436 24,997
         
IV. Expenses:      
  Employee benefits expense 13 1,502 1,813
  Finance costs 14 3,66,596 3,61,431
  Depreciation and Amortization expense 6 423 375
  Other expenses 15 15,811 23,003
  Total expenses   3,84,332 3,86,622
V. Profit/(Loss) before exceptional items and tax (III-IV)   (3,73,896) (3,61,625)
VI. Exceptional items (Prior Period) 16 (135) (12)
         
VII. Profit/(Loss) before tax (V-VI)   (3,74,031) (3,61,637)
VIII. Tax expenese:      
  (1) Current tax   NIL NIL
  (2) Deferred tax   NIL NIL
XI Profit (Loss) for the period (VII-VIII)   (3,74,031) (3,61,637)
  Earnings per equity share:    
  Basic   (-) 15.83 (-) 15.31
  Notes to Financial Statements 1    
         
  As per our report of even date attached  
  For and on behalf of ( A L KAMBLE )
  PARIKH JOSHI & KOTHARE Consultant ( Fin & A/cs )
  CHARTERED ACCOUNTANTS  
   

CA. Tejas
Partner

S Y KURSANGE
Director

Samir K. Biswas
Managing Director

 

  DATE:  
  PLACE:  

 

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

MAHARASHTRA STATE TEXTILE CORPORATION LIMITED
AUDITED BALANCE SHEE AS AT 31 ST MARCH, 2010 (Rs. IN THOUSAND)

Particulars.

Sch. No.

31/03/2010

31/03/2011

I. SOURCES OF FUNDS

Rs.

Rs.

Rs.

Rs.

Rs.

Rs.

1. Shareholder's Funds

a) Share Capital

A

2361575

2361575

b) Reserves & Surplus

B

--

2361575

--

2361575

2. Loan Funds

Un-secured Loan

 

C

5278658

 

4909309

Total

7640233

7270884

II. APPLICATION OF FUNDS

1. Fixed Assets

(a) Gross Block

(b) Less : Depreciation

(c) Net Block

(d) Less : Provision for

Impairment loss

(e) Net Block

D

 

21321

14707

6614

 

944

 

 

 

 

 

 

5670

 

22300

15289

7011

 

976

 

 

 

 

 

 

6035

2. Investments

E

7200

7200

3. Current Assets, Loan

& Advances

(a) Current Assets

(b) Loans & Advances

 

 

F

G

 

 

129017

12817

 

 

168164

18703

141834

186867

Less :

4. Current liabilities &

Provisions

(a) Current liabilities

(b) Provisions

 

 

 

H

I

 

 

 

188846

--

 

 

 

257610

--

188846

257610

Net Current Assets

(3-4)

(47012)

(70743)

5. Profit & Loss Account

Loss

J

7674375

 

7328392

Total

7640233

======

7270884

======

Additional Information

6

Notes to Accounts

7

Accounting Policies

8

As per our report of even date attached
For and on behalf of
M.M.Mhaskar & Associates
Chartered Accountants

M.M.Mhaskar
Partner

S.G.Thakur
Sr.Consultant (Finance )

K.V.Jadhav
Director

Samir K. Biswas
Managing Director

M.No.36167
Mumbai
Date 24/06/2010

 

MAHARASHTRA STATE TEXTILE CORPORATION LIMITED
Audited Profit & Loss Account for the year ended 31 st March, 2010
(Rs.in Thousand)

PARTICULARS

SCH.NO.

2009-2010
Rs.

2008-2009
Rs.

1. INCOME
Other Income

1

29859

115578

TOTAL INCOME (i)

29859

=====

115578

=====

II. EXPENDITURE

1. Staff Expenses

2

3664

1887

2. Administrative Expenses

3

28777

16695

3. Depreciation

 

409

332

4. Interest

4

358135

405438

5. Bad Debts / Advances

2

35

6. Provision for

Doubtful debts/

Advances

707

287

TOTAL EXPENDITURE (II)

391694

424674

Profit/(Loss) for the

Year (I II)

(361835)

(309096)

Extra Ordinary Item

Forfeiture of deposit

20000

--

Profit /(Loss) after

Extra-ordinary item

(341835)

(309096)

Prior period Adjustments

Income (Expenses)

 

5

 

(4148)

 

(3003)

Profit/(Loss) After extra- Ordinary item and prior Period adjustments

(345983)

(312099)

Balance Profit /(Loss) Brought forward from Previous year

(7397124)

(7085025)

Balance Profit /(Loss) Carried to Schedule J

(7743107)

(7397124)

Additional Information

6

Notes to Accounts

7

Accounting Policies

8

As per our report of even date attached
For and on behalf of
M.M.Mhaskar & Associates
Chartered Accountants

M.M.Mhaskar
Partner

S.G.Thakur
Sr.Consultant (Finance )

K.V.Jadhav
Director

Samir K. Biswas
Managing Director

M.No.36167
Mumbai
Date 24/06/2010

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

MAHARASHTRA STATE TEXTILE CORPORATION LIMITED
AUDITED BALANCE SHEET AS AT 31 ST MARCH, 2008 (Rs.in Thousand)

Particulars.

Sch. No.

31-03-2008

31-03-2007

I. SOURCES OF FUNDS

Rs.

Rs.

Rs.

Rs.

Rs.

Rs.

1. Shareholder's Funds

a) Share Capital

A

2361575

2361575

b) Reserves & Surplus

B

--

2361575

--

2361575

2. Loan Funds

Un-secured Loan

 

C

 

4840581

 

4537176

Total

7202156

6898751

II. APPLICATION OF FUNDS

1. Fixed Assets

(a) Gross Block

(b) Less : Depreciation

(c) Net Block

(d) Less: Provision for

Impairment loss

(e) Net Block

D

 

 

 

23351

16272

7079

1058

 

 

 

 

 

 

 

6021

 

23335

15945

7390

 

1036

 

 

 

 

 

 

6354

2. Investments

E

7320

7320

3. Current Assets, Loans

& Advances

(a) Current Assets

(b) Loans & Advances

 

 

F

G

 

 

598023

9906

 

 

736773

36973

607929

773746

Less :

4. Current liabilities &

provisions

(a) Current liabilities

(b) Provisions

 

 

 

H

I

 

 

 

435407

-

 

 

 

517250

-

435407

517250

Net Current Assets

(3 4)

172522

256496

5. Profit & Loss Account

Loss

J

7016293

6628581

Total

 

 

 

7202156

======

 

 

6898751

======

Additional Information

6

 

 

 

 

 

 

Notes to Accounts 7            
Accounting Policies 8            

As per our report of even date attached
For and on behalf of
M.M. Mhaskar & Associates

M.M.Mhaskar
Partner
A.V.Gokhale
Consultant (Finance)
J.K.Magare Director
Chand Goel
Managing Director

M.No.36167

Mumbai
Date 25/06/2008

 



MAHARASHTRA STATE TEXTILE CORPORATION LIMITED

  Audited Profit & Loss Account for the year ended 31 st March, 2008
(Rs.in Thousand)

PARTICULARS

SCH. NO.

2007 2008
Rs.

2006 2007
Rs.

I. INCOME

Other Income

 

1

 

49,389

 

304,846

TOTAL INCOME (i)

49,389

======

304,846

========

II. EXPENDITURE

1. Staff Expenses

2

1,239

1,092

2. Administrative Expenses

3

14,575

13,950

3. Depreciation

461

719

4. Interest

4

420,493

437,351

5. Provision for Doubtful

Debts/Advances

318

5,763

6. Bad Debts / Advances

3

141

7. Provision for impairment

Loss of Fixed Assets

-

 

1,036

TOTAL EXPENDITURE (II)

437,089

460,052

Profit/(Loss) for the year (I II)

(387,700)

(155,206)

Prior period Adjustments

Income/(Expenses)

 

5

 

(12)

 

(719)

Profit/(Loss) After Prior period

Adjustments

(387,712)

(155,925)

Balance Profit / (Loss) brought

Forward from previous year

 

(6,697,313)

 

(6,541,388)

Balance Profit / (Loss) carried to

Schedule J'

(7,085,025)

(6,697,313)

Additional Information

6

Notes to Accounts

7

Accounting Policies

8

As per our report of even date attached
For and on behalf of
M.M.Mhaskar & Associates
Chartered Accountants

M.M.Mhaskar
Partner
A.V.Gokhale
Consultant (Finance)
J.K.Magare Director
Chand Goel
Managing Director

M.No.36167

Mumbai
Date 25/06/2008