The Directors are pleased to present the 21st Annual Report together
with Audited statement of Accounts for the year ended 31st March, 2012.
The Financial performance of the Company for the year ended 31st March
2012 is summarized below:
(Rs. in Lacs)
FY 2011-12 FY 2010-11
Profit before depreciation and amortisation 1,056.30 757.88
expenses, Finance Costs and tax expenses
Finance Costs 355.37 66.78
Depreciation 282.22 159.78
Profit Before tax 418.70 531.32
Current Tax 115.22 110.24
Deferred Tax 21.89 45.47
Profit for the year 281.58 375.61
Final Dividend for FY 2009-10 54.87
Corporate Dividend on Final Dividend for
FY 2009-10 9.11
Transferred to General Reserve 281.58 311.62
During the year under review, your company has achieved a turnover of
Rs.10417.32 Lacs as compared to the previous year''s turnover of Rs.
8315.14 Lacs. Profit before tax was 418.70 Lacs. The Company is making
continuous efforts to retain its market share through certain strategic
During the FY 2011-12, the company has exported goods worth Rs. 7519.31
lacs net of excise duty, which is higher by 28.05% than previous FY
2010-11 export worht Rs. 5872.23 lacs. The company has earned export
incentives worth Rs. 280.44 lacs on export sales during the FY 2011-12
as compared to previous FY 2010-11 of Rs. 354.00 lacs. Export
incentives are lower during FY 2011-12 due to sunset of DEPB scheme
In view of the expansion and investment strategies of the Company, your
directors do not recommend any dividend for the year under review.
There was no change in the capital structure during the period.
In accordance with the articles of association of the company, Sh.
Mahavir Singh retire by rotation at the company''s forthcoming annual
general meeting and, being eligible offer themselves for
Your Directors thank all the employees for their sincere efforts,
active involvement and devoted services rendered.
Your Directors thank the shareholders of the Company for the confidence
reposed in the Management of the Company.
You Directors place on record their gratitude to the Customers,
Suppliers, company''s Bankers and Financial Institutions for their
support and cooperation during the year under review.
By Order of the Board,
For Stylam Industries Limited
Place: Chandigarh Jagdish Gupta
Date: 4th July, 2012 Chairman-cum-Managing Director