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Acknit Industries Ltd.

BSE: 530043 | NSE: | Series: NA | ISIN: INE326C01017 | SECTOR: Textiles - Hosiery & Knitwear

BSE Live

Sep 28, 15:40
117.85 -0.45 (-0.38%)
Volume
AVERAGE VOLUME
5-Day
6,653
10-Day
5,881
30-Day
3,997
6,016
  • Prev. Close

    118.30

  • Open Price

    120.10

  • Bid Price (Qty.)

    117.85 (5)

  • Offer Price (Qty.)

    118.80 (20)

NSE Live

Dec 27, 11:22
NT* 0.00 (0.00%)
Volume
No Data Available
0
  • Prev. Close

    -

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

Acknit Industries Ltd. is not listed on NSE

Annual Report

For Year :
2018 2015 2014 2013 2012 2011 2010 2009 2008

Director’s Report

ANNUAL REPORT 2005-2006 DIRECTOR'S REPORT Your Directors are pleased in presenting the 16 th Annual Reports and audited Statement of Accounts for the year ended 31st March, 2006. (Rs. in Lacs) Year Ended Year Ended 31st March' 2006 31st March' 2005 Gross Sales 2801.54 2102.71 Other Income 178.45 91.30 Less : Total Expenditure 2524.74 1837.30 Gross Profit (before Depreciation & Interest) 455.25 356.71 Less : Interest 35.02 29.63 Depreciation 84.27 81.30 Net Profit (PBI) 335.96 245.78 Provision for Income Tax 89.03 70.00 Deferred Tax (19.43) 13.63 Profit after Tax (PAT) 226.36 162.15 Balance B/F 63.08 58.40 Less : Transfer to General Reserve 200.00 100.00 Dividend & Dividend Tax 57.47 57.47 Balance to Balance Sheet 71.97 63.08 PERFORMANCE The gross Turnover of the Company have registered a substantial increase over the last year inspite of a major fire occured at Factory premises at Falta Unit. The Company has maintained a Steady overall gross margin. The net margin of the Company has also been increased. The Company had to perform in the midst of stiff competitions from within the Market. The overall response in the domestic market is very encouraging and the bookings of leather items has been increased manifold which results in higher revenue as compared to previous year. Besides, as a part of Company's diversifying planning activities, one wind Turbine unit of 1.25 MW has been installed in the state of Maharashtra which has become operational in the month of May, 2006. The Company is also examining the prospects of further diversification in Industrial Activities to transform the Company into a truly multifunctional unit with diversified business interest under one roof. The overall performance continued to keep spare with the GDP growth rate of the Country. DIVIDEND Your Directors recommend a Dividend @ 20% for the year ended 31st March, 2006, i.e. @ Rs. 2/- per share, subject to approval of the members in the ensuing Annual General Meeting, which together with the Dividend Tax is expected to absorb a sum of Rs. 57.47 Lacs.

Director’s Report