Gsm Cost Audit Report Vareli 10-11 Final
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Submitted by:
V. SRINIVASAN, FICWA
COST AUDITOR
GARDEN SILK MILLS LTD., SURAT
COST AUDIT REPORT FOR YEAR ENDED MARCH 31, 2011
V A R E L I F A C T O R Y
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GARDEN SILK MILLLS LTD., SURAT
VARELI FACTORY
I N D E X
Sl. No. Particulars Page Nos.
From To
1 Form II - The Cost Audit Report 1 2
2 Annexure to Cost Audit Report 3 47
3 Proforma of Sales, Cost and Margin -
Draw Warping - 48 54
Sizing - 55 62
Grey Fabrics 63 86
Processed Fabrics 87 124
COST AUDIT REPORT FOR YEAR ENDED MARCH 31, 2011
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I, V.SRINIVASAN, having been appointed as Cost Auditor under Section 233B of the Companies
Act, 1956 (1 of 1956) of Garden Silk Mills Ltd, having its registered office at Sahara Gate, SURAT
395 010 (hereinafter referred to as the company), have examined the books of account prescribed
under Clause (d) of sub-section (1) of Section 209 of the said Act, and other relevant records in
respect of Garden Silk Mills Ltd. Factory at VARELI for the year ended 31-3-2011, relating to
POLYESTER, maintained by the Company and report, in addition to my comments in para 3 relating
to auditor's observations and suggestions, that
1 (i) I have obtained all the information and explanations, which, to the best of my knowledge and
belief, were necessary for the purpose of this audit;
(ii) proper cost accounting records, as prescribed under Clause (d) of sub-section (1) of Section
209 of the Companies Act, 1956, have been kept by the company.
(iii) proper returns adequate for the purpose of my Cost Audit have/have not been received from the
branches not visited by me - NOT APPLICABLE
(iv) the said books and records give the information required by the Companies Act, 1956, in themanner so required;
(v) the cost statements in respect of product or activity under reference as specified in the
Annexures/Proformae of Schedules I, Schedule III of the concerned Cost Accounting Records
(Polyester) Rules duly audited by me are kept in the company.
2. In my opinion, the company's cost accounting records have been properly kept so as to give a
true and fair view of the cost of production, cost of sales and margin of the product under
reference as prescribed under the rules.
3. Based on my examination of the records of the company, subject to aforesaid qualifications, if
any, I give my observations and suggestions on the following:
(a) the adequacy or otherwise of the cost accounting system including inventory valuation invogue in the company and suggestions for the improvement thereof. The Cost auditor shall
also indicate the persistent deficiencies in the system pointed out in earlier reports but not
rectified;
The Cost accounting system in vogue in the Company, including inventory valuation basis,
is adequate to properly compute the cost of production and profitability of the product
under reference. There are no persistent deficiencies in the system pointed out in earlier
reports but not rectified.
(b) the adequacy or otherwise of the budgetary control system, if any, in vogue in the
company:
The Company's budgetary control system is adequate.
matters which appear to him to be clearly wrong in principle or apparently unjustifiable;
NIL
(d) cases, where price charged for related party transactions as defined in the respective Cost
Accounting Records Rules is different from normal price, impact of such lower/higher price on
margin of the product under reference shall be specified;
Normal Price is charged
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COST AUDIT REPORT
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(e) areas where the company is incurring losses or where there is considerable decline in
profitability, the cost auditor should comment on the reasons thereof including indicative
break-even point. The cost auditor shall also comment on the default, if any, on the payments
due to the Government, financial institutions and banks, penal interest levied thereon and its
impact on the cost of sales and profitability;
There are no defaults on payments due to Government, financial institutions and banks and
there is no penal interest levied thereon.
(f) steps required to strengthen the company under the competitive environment especially with
regard to need for protection from cheaper imports, if any;
NIL
(g) export commitments of the company vis--vis actual exports for the year under review. Also,
comment on comparative profitability and pricing policy of the company for domestic and
export sales. Give impact of export benefits/incentives offered by the Government on export
profitability;
There is no export commitment outstanding.
(h) the scope and performance of internal audit of cost records, if any, and comment on the
adequacy or otherwise.
The company does not have a system of internal audit of cost records.
4. The Cost Auditor shall suggest measures for making further improvements in the performance
in respect of cost control and cost reduction.
NIL
5. The Cost Auditor may also give his other observations and suggestions, if any, relevant to the
cost audit.
The figures for 2008-09 are for 9 months, whereas those for 2009-10 and 2010-11 are for
12 months. Therefore, absolute quantities and amounts for 2008-09 are not directly compar-
able with the subsequent two years.
In respect of Draw Warping activity, profit decreased slightly to Rs.2718.92 lakhs, compared to
Rs.2867.80 lakhs in 2009-10, mainly due to decreased sale of 122.33 lakhs kgs in 2010-11, against
144 lakhs kg in 2009-10.
In Sizing activity, there was increased profit of Rs.207.41 lakhs in 2010-11 against Rs.94.46 lakhs in
2009-10 Sales increased to 12.39 lakhs kg, this year against 10.70 lakhs kg, in the previous year.
The selling price increased by Rs.11.07 per kg in 2010-11, whereas cost of sales increased by only
Rs 3.15 resulting in increased profit of Rs.7.92 per kg.
In the activity of Grey fabrics, the profit decreased to Rs.662 lakhs in 2010-11, compared to
Rs.781 lakhs in 2009-10.
The sale realisation increased by Rs.0.71 per metre in 2010-11, compared to the previous year,
whereas the cost of sales increased more than proportionately by Rs1.43 per metre, resulting
in decreased profit of Rs.0.72 per metre in the year 2010-11.
Profit on Finished fabrics increased to Rs.1297.30 lakhs in 2010-11, against profit of
Rs.1075.59 lakhs in 2009-10. The increased profitability was due to increase in sale volume to158.41 lakhs metres in the current year, compared to 133.10 lakhs metres in the previous year.
Dated this thirtieth day of July 2011 at Surat.
SD
V. SRINIVASAN
SIGNATURE & SEAL OF THE COST AUDITOR
MEMBERSHIP NUMBER: 966
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FORM II - THE COST AUDIT REPORT
1. GENERAL
(1)(a) Name and address of the registered office GARDEN SILK MILLS LTD.
of the company whose accounts are Sahara Gate,
audited SURAT 395010
(b) Name and address of the place where the cost Registered office
accounting records are maintained, viz. Registered
office, head office or factory
(2) Name of the product and location of the unit to Polyester yarn & fabrics
which the Annexure pertains Vareli, Tal. Palsana, Dt. Surat
(3) The Company's financial year to which the Cost Year ended 31-3-2011
Audit Report relates
(4) Date of first commencement of commercial produc- 1979
tion of the product under reference
(5) Location of other sites manufacturing or producing Polyester products at factory at Jolva,
or processing or mining the product or carrying out Tal. Palsana, Dt. Surat
the activity under reference
(6) Name and address of the Cost Auditor. V. SRINIVASAN,
504, Aashray Apartments,
Lunsikui, NAVSARI 396 445
(7) Membership number of the Cost Accountant. In M/966
case of firm of Cost Accountants, name and mem- Individual
bership number of all the partners
(8) Reference number and date of the Govt. order No. 52/90/CAB-93 dated 11-1-1995
under which the audit is conducted
(9) Reference number and date of Govt. letter No. 52/90/CAB-1993 dated 16-06-2010
approving the appointment of the Cost Auditor
(10) Date of Board of Directors' meeting wherein the 10/08/2011
Annexure and Proforma to the Cost Audit Report
were approved
(11) The number of Audit Committee meetings held Five
by the Company and attended by the Cost Attended by Cost Auditor: TwoAuditor during the year under reference
(12) Name, qualification and designation of the officer Malcolm R. Mehta,
heading the cost accounting section or depart- B.Com
ment of the Company Costing Officer
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(13) In case of loan licence/job work arrangement by
the Company, mention the name of the third NIL
party and location of the factory, where the
product has been produced/manufactured
(14) If there is any foreign technical collaboration for No foreign collaboration
the product under reference, the following details
shall be given:
(a) Name and address of the foreign collaboration
(b) Main terms of agreement
amount of royalty, lump sum payment, technical aid
fee payable and the basis of calculating the same
(d) whether the technical collaborator has contributed
to the share capital. If so, the paid up share
capital so held
(15) If the company is engaged in other activities
besides the manufacture of the product under
reference, the following details in respect of eachsuch product or activity shall be given:
(a) list of the products or activities NIL
(b) list of the products or activities for which Cost
Accounting Records Rules have been prescribed NIL
under Section 209(1)(d) of the Act
whether Cost Audit Order has been issued by the Not applicable
government in respect of any of the products or
activities. If so, the number and date of the order
(16) A printed copy of the Annual Report, containing Enclosed
audited Profit and Loss Account and BalanceSheet and Auditor's Report in respect of the com-
pany's financial year for which the report is
is rendered, shall be enclosed with the Cost Audit
Report.
2. COST ACCOUNTING SYSTEM
(1) Briefly describe the Cost Accounting system existing in the Company,
keeping in view the requirements of the Cost Accounting Records Rules applicable to the
class of companies manufacturing the product under reference and also its adequacy or otherwise
to determine correctly the cost of production, cost of sales, sales realisation and
margin of the product under reference
The main raw materials are POY(Partially Oriented Yarn) and Crimped / Texturised Yarn,
which are purchased. Records of opening stock, receipts, issues and closing stock aremaintained. From these records the consumption of raw materials for the period's production
is arrived at. Incidence of waste and its realisation are worked out and taken into account.
Consumption of direct materials such as sizing chemicals,
and packing materials for different products like crimped yarn,
sized yarn, indigenous sale of fabrics, export sales of fabrics are accounted separately and
charged to the respective products. Direct charges like processing job charges for Dyeing and
Printing of fabrics are directly charged to the respective products.
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The conversion cost, consisting of the elements of wages and salaries, stores, repairs and
maintenance, factory expenses, etc. are accounted cost centrewise.
The consumption of utilities of water, power and coal is allocated to the different cost centres,
based on meter readings.
The common portions of wages and salaries, stores, repairs and maintenance, factory expenses,
utility, etc. are accumulated under Factory overheads.
The final totals of Factory overheads are allocated to the different production cost centres on the basis
of percentage of conversion cost.
Insurance is allocated to the different cost centres, based on insurance schedules.
Depreciation on machinery is allocated to the different cost centres on the basis of Fixed
Assets register. Depreciation on Furnitures and Fixtures and Vehicles are accounted
under Administrative Overheads. Depreciation on Building is allocated to different cost
centres on the basis of insurance values.
The total conversion cost, after apportionment of Factory overheadsin each cost centre is divided by production converted to standard product and the cost per
unit of production is arrived at. For different products, specific cost is worked out by
applying conversion factor to the standardised cost rates.
For each product, raw material cost, conversion cost and direct material cost are assembled
to arrive at the production cost.
The common overheads like administrative salaries, and administrative expenses like rent, rates and
taxes, printing and stationery, travelling and conveyance, etc. and also Depreciation on Furnitures and
Fixtures and Vehicles are accumulated under Administrative Overheads. These are apportioned to
Polyester products and other activities on the basis of percentage of sales.
Selling and Distribution expenses like commission, rebates, freight, etc. are collected
product groupwise, like crimped yarn , sized yarn , grey fabrics, processed fabrics, exports
fabrics etc. Within each group, the cost is allocated to different products on the basis ofpercentage of sales.
Selling and Distribution overheads and interest are charged only to products
actually sold during the period.
Actual sales realisation amounts for different products are taken from sales records and
after deducting cost of sales, the final profit/loss is worked out.
The costing system followed by the company is adequate to determine the cost of
products correctly.
(2) Briefly specify the changes, if any, made in the costing system, basis of inventory valuation,
method of overhead allocation, apportionment to cost centres/departments and final absorption to
the product under reference, etc. during the current financial year, as compared to the previous
financial year.
In 2008-09, the Company implemented ERP (Enterprice Resource Planning) System,
in which all Expenses are identified and charged to different cost centres. Hence, factory Overheads
(Common expenses) amount is low in 2008-09.
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3. PROCESS OF MANUFACTURE
A brief note regarding the process of manufacture along with a flow chart of the product covering
production, utility and service departments of the product.
The main raw materials are Polyester POY (Partially Oriented Yarn) and Polyester Crimped/
Texturised yarn, which are purchased.
POY is made into crimped yarn in crimping department . Crimped yarn (both manufactured and
purchased)may be used for further process of Twisting or used either in warp and/or weft in
fabrics. Some quantity of crimped yarn is also sold in market.
POY is also used to make warp drawn yarn in Draw Warping which is sold and some part of
which goes for sizing process. The size yarn goes through the process of beaming and is either
sold or used in captive consumption for production of fabrics on looms.
The twisted yarn is used either in warp or weft of fabrics.
The warp yarn and weft yarn are interlaced and woven into fabric on various types of looms
like water jet , shuttle looms,etc. The output of looms is grey fabric,which is either sold in grey
form or goes for further processing to produce dyed or printed fabrics.
The grey fabrics goes through the machines like jet dyeing, in order to produce dyed fabric.
The dyed fabrics are sold as dyed fabrics or undergo further process of printing to produce
printed fabrics
Printing process is done on printing machines on either white fabric or dyed fabrics. Printed
fabrics are produced in various designs and styles on printing machines.
Dyed and printed fabrics go through Stenter machine to impart dimensional stability to the
fabrics. The fabrics are finished on zero-zero machines. Grey fabrics are also converted into
dyed and printed fabrics through outside processors on job work basis.
The finished fabrics are folded and inspected for defects. They are then cut into different lengths
and packed for despatch.
Flow chart is attached.
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4. QUANTITATIVE DETAILS:
DRAW WARPING 2010-2011 2009-2010 2008-2009
M/T M/T M/T
1. Installed capacity * 21000 21000 14000
2. Capacity enhanced during the year by leasing
arrangement, etc.
3. Total available capacity 21000 21000 14000
4. Production during the year:(a) self manufactured 13531 15391 9675
(b) third party on job work, etc. 0 0 0
loan licence basis
5. Total production quantity 13531 15391 9675
6. Production as per Excise Records No Excise No Excise No Excise
7. Capacity utilisation percentage 64.43 73.29 92.14
8. Opening stock (finished quantity) 14 15 18
8a Purchased 0 0 0
9. Total available quantity 13545 15406 9693
10. Quantity captively consumed 1054 971 759
11. Quantity sold:
(a) domestic at controlled price
(b) domestic at market price 12274 14421 8919
export under advance licence(d) export under other obligation
(e) export at market price
(f) Total
12. Closing stock (finished quantity) 217 14 15
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Particulars
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4. QUANTITATIVE DETAILS:
SIZING 2010-2011 2009-2010 2008-2009
M/T M/T M/T
1. Installed capacity * 3600 3500 3500
2. Capacity enhanced during the year by leasing
arrangement, etc.3. Total available capacity 3600 3500 3500
4. Production during the year:
(a) self manufactured 1251 1069 1480
(b) third party on job work, etc. 0 0 0
5. Total production quantity 1251 1069 1480
6. Production as per Excise Records No Excise No Excise No Excise
7. Capacity utilisation percentage 34.75 30.54 56.38
8. Opening stock (finished quantity) 3 3 53
8a Purchased
9. Total available quantity 1254 1072 1533
10. Quantity captively consumed 682
11. Quantity sold:(a) domestic at controlled price
(b) domestic at market price 1238 1069 848
export under advance licence
(d) export under other obligation
(e) export at market price
(f) Total
12. Closing stock (finished quantity) 16 3 3
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Particulars
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4. QUANTITATIVE DETAILS:
WEAVING-GREY FABRICS 2010-2011 2009-2010 2008-2009
1. Installed capacity * Looms 1220 1220 1280
2. Capacity enhanced during the year by leasing
arrangement, etc.
3. Total available capacity 1220 1220 1280
4. Production during the year: Lakhs mtrs Lakhs mtrs Lakhs mtrs(a) self manufactured 403.63 352.09 240.05
(b) third party on job work, etc. 8.31
loan licence basis
5. Total production quantity 411.94 352.09 240.05
6. Production as per Excise Records No Excise No Excise No Excise
7. Capacity utilisation percentage 84.75 73.20 66.17
8. Opening stock (finished quantity) 17.48 11.59 16.11
8a Purchased 112.66 84.23 50.69
9. Total available quantity 533.77 447.91 306.85
10. Quantity captively consumed 152.96 120.63 80.26
11. Quantity sold:
(a) domestic at controlled price(b) domestic at market price 365.71 309.80 215.00
export under advance licence
(d) export under other obligation
(e) export at market price
(f) Total
12. Closing stock (finished quantity) 23.40 17.48 11.59
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Particulars
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4. QUANTITATIVE DETAILS:
FINISHED FABRICS 2010-2011 2009-2010 2008-2009
Lakhs mtrs Lakhs mtrs Lakhs mtrs
1. Installed capacity * 219.00 219.00 219.00
2. Capacity enhanced during the year by leasing
arrangement, etc. 0.00 0.00 0.003. Total available capacity 219.00 219.00 219.00
4. Production during the year:
(a) self manufactured 109.66 84.73 64.79
(b) third party on job work, etc. 24.91 19.71 11.48
loan licence basis 0 0 0
5. Total production quantity 134.57 104.44 76.27
6. Production as per Excise Records No Excise No Excise No Excise
7. Capacity utilisation percentage 61.45 47.69 46.44
8. Opening stock (finished quantity) 50.79 45.72 45.66
8a Purchased 28.28 32.26 26.64
9. Total available quantity 213.64 182.42 148.57
10. Quantity captively consumed11. Quantity sold:
(a) domestic at controlled price
(b) domestic at market price 158.42 128.77 99.77
export under advance licence
(d) export under other obligation
(e) export at market price 2.86 3.08
(f) Total 158.42 131.63 102.85
12. Closing stock (finished quantity) 55.22 50.79 45.72
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Particulars
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5(A). MAJOR INPUT MATERIALS/COMPONENTS CONSUMED
Qty Rate Amount Qty Rate Amount
Rs.in lakhs Rs.in lakhs
1. Indigenous:
RMP-001 5890573 92.05 5421.98 4684189 83.59 3915.35
RMP-002 2035977 79.11 1610.61 2930512 71.04 2081.72
RMP-003 3524086 74.13 2612.33 783602 65.95 516.78
RMP-004 1822105 71.14 1296.33 7048663 66.67 4699.45
RMP-005 258015 87.05 224.61
RMF-001 183616 96.40 177.01 201106 189.23 380.55
RMF-002 1692198 100.11 1694.09 685636 118.49 812.39
RMF-003 173283 117.31 203.28 52296 100.43 52.52
RMF-004 272006 76.40 207.81
RMF-005 527469 84.20 444.14
RMF-006 173081 97.91 169.47
RMF-007 371078 72.98 270.83
RMF-008 399366 246.21 983.29
RMF-009 240003 88.11 211.46RMO-000 83009 72.09 59.84 21838 86.50 18.89
TOTAL 17118396 88.46 15142.94 16935311 76.30 12921.79
2. Self manufactured:
(a)
3 Imported
(b)
5(A). MAJOR INPUT MATERIALS/COMPONENTS CONSUMED
Qty Rate Amount
Rs.in lakhs
1. Indigenous:
RMP-001 3120782 89.08 2779.89
RMP-002 1945333 70.29 1367.45
RMP-003 4283165 62.76 2688.16
RMP-004 325793 68.68 223.75
RMP-005
RMF-001 29843 226.62 67.63
RMF-002 683618 120.95 826.84
RMF-003 191369 98.23 187.98
RMF-004 636490 119.81 762.59
RMF-005 0 0.00 0
RMF-006
RMF-007
RMO-000 41599 85.24 35.46
TOTAL 11257992 79.41 8939.75
2. Self manufactured:
(a)
3 Imported
(b)
-- 11--
2009-2010
2008-2009
2010-2011
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GREY FABRICS PURCHASED
Varity No Qty Rate Amount Qty Rate Amount Qty Rate
Mtrs Rs.in lakhs Mtrs Rs.in lakhs Mtrs R
DM041 317497 44.92 142.62 155515 42.51 66.11
DM074 124395 11.78
DM114 53035 30.02 15.92
DM126 210117 23.02 48.37 51357 26.42
DM139
DM148 151217 23.89 36.12 43161 22.00 9.50 121042 22.83
DM158 208637 12.16 25.37
DM174 117697 11.07
DM177 781964 23.72 185.52 988095 23.47 231.91 484311 23.47
DM185
DM186 49264 23.12
DM187 175085 21.43 37.52
DM190 190312 21.73 41.35
DM193 293142 18.87DM218 195566 22.68
DM219 157948 26.75
DM221 96601 21.05
DM230 747400 13.78 102.99
DM231 58478 18.25 10.67
DM232 140439 29.69 41.70 200985 27.08 54.43
DM233 278439 20.89 58.16 311831 24.38 76.02
DM234 165690 28.90 47.88
DM235 87915 31.21 27.44 135191 27.16 36.72
DM239 76454 32.76 25.05
DM240 591285 29.56 174.79
DM241 271719 44.88 121.95
DM242 220693 34.14 75.34DM243 128873 38.25 49.30
DM244 439096 23.76 104.33
DM245 107780 37.47 40.39
DM246 128295 33.38 42.83
DM247 167533 24.43 40.92
SR013 548369 9.76 53.54 572015 11.69 66.87 768356 18.45
SR014 64399 11.79
SR016
SR027 521497 31.92 166.47
SR040 307734 23.47 72.21
SR045 21817 18.47
SR067 94456 38.00 35.89
SR078 480383 18.64 89.53SR101 212064 19.75
SR102 206801 17.29
SR087 322949 43.13 139.29 86451 34.55 29.87
SR107 89088 17.83 15.88
SR108 166284 13.97 23.23
SR109 363668 22.93 83.39
SR110 324698 12.78 41.50
Others 3894450 30.56 1190.33 4383895 23.23 1018.31 2104704 25.49
TOTAL 11265927 27.89 3142.01 8422741 22.03 1855.52 5069464 22.17
2009-2010 2008-20092010-2011
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5(B) STANDARD/ ACTUAL CONSUMPTION OF INPUT MATERIALS PER UNIT:
Particulars Unit Standard
2010-2011 2009-2010 2008-2009
Grey fabrics for
Processing(finish fabrics) Metre 1.1094 1.1080 1.1264
6. BREAK-UP OF COST OF INPUT MATERIALS IMPORTED DURING THE YEAR:
Particulars 2009-20010 2008-2009 2007-2008
1. FOB Price in rupees (CIF)
2. Insurance & freight
3. Customs duty Not Applicable
4. Clearing charges
5. Inland freight
6. Other expense
7. Total
7(A) POWER, FUEL AND UTILITIES:
Particulars
POWER Lakhs Rate Amount Lakhs Rate AmounUnits Rs.in lakhs Units Rs.in lakhs
1. Indigenous (purchased) 47.05 7.35 345.87 8.63 11.64 100.45
(a)
2. Generated/produced 332.15 6.47 2149.13 367.69 5.05 1855.75
(a)
3. Imported
4. Total 379.20 6.58 2495.00 376.32 5.20 1956.2
M/Tons Rate Amount M/Tons Rate Amount
Rs.in lakhs Rs.in lakhs
STEAM 53469 480 256.73 43321 540 233.93
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2009-2010
Actuals
2010-2011
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7(A) POWER, FUEL AND UTILITIES:
Particulars
POWER Lakhs Rate Amount
Units Rs.in lakhs
1. Indigenous (purchased) 6.68 10.92 72.97
(a)
2. Generated/produced 242.39 6.32 1531.41
(a)
3. Imported4. Total 249.07 6.44 1604.38
M/Tons Rate Amount
Rs.in lakhs
STEAM 26973 660 178.10
7(B) STANDARD/ACTUAL CONSUMPTION OF POWER, FUEL AND UTILITIES IN TERMS OF QUANTITY
PER UNIT OF PRODUCTION:
Particulars Units Standard
POWER Kwh 2010-2011 2009-2010 2008-2009
Draw warping Kg Not Available 1.01 0.94 0.86
Water Jet Looms Metre 0.26 0.26 0.26
STEAM KGS
Draw warping Kg 0.62 0.54 0.50
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2008-2009
Actuals
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8. SALARIES AND WAGES:
Particulars 2010-2011 2009-2010 2008-2009
A. Quantitative Details:
1. Direct Workers: 759 842 1218
a. Average number during the year
b. Mandays available 231672 254412 245934
c. Mandays actually worked for:
(I) Own production 231672 254412 245934
(ii) Job work
d. Reason-wise analysis of idle man-days (a-b):
i) absenteeism
ii) shortage of raw materials
iii) power shortage/failures
iv) Others (Specify)
1. Indirect Workers:
a. Average number during the year 422 320 319
b. Mandays available 127884 97380 80676
c. Mandays actually worked for:
(I) Own production 127884 97380 80676
(ii) Job work
d. Reason-wise analysis of idle man-days (a-b):
i) absenteeism
ii) shortage of raw materialsiii) power shortage/failures
iv) Others (Specify)
B. Cost Detail:
1. Direct labour cost on production 1362.83 1347.79 1173.35
2. Indirect employee costs on production 255.07 304.73 397.04
3. Indirect employee costs Administration 77.21 110.91 73.31
4. Employee costs on selling and distribution 276.24 254.88 253.82
5. Other employee costs, if any (specify)
6. Total employee costs 1971.35 2018.31 1897.52
7(a) Payments under any VRS Scheme
7(b) Amount provided during the year
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9. REPAIRS AND MAINTENANCE:
Particulars 2010-2011 2009-2010 2008-2009
Rs.lakhs Rs.lakhs Rs.lakhs
1. Land and Building 161.61 73.45 45.77
2. Plant and machinery 132.22 147.52 150.53
3. Staff quarters and colony
4. Others (to be specified - categorywise) 38.77 24.49 79.25
5. Total amount 332.60 245.46 275.55
6. Amount capitalized/deferred during the year
7. Net amount (5-6) 332.60 245.46 275.558. Deferred amount of earlier years, if any
9. Total amount provided in the cost records (7-8) 332.60 245.46 275.55
10. FIXED ASSETS REGISTER AND DEPRECIATION:
Particulars 2010-2011 2009-2010 2008-2009
1. Whether fixed assets register maintained cost centrewise Yes Yes Yes
2. Method of providing depreciation Draw Warp- Draw WarpDraw Warp-
ing & Powering & Pow ing & Powe
plant WDV plant WDV plant WDV
& others & others & othersSt. Line St. Line St. Line
3. Amount of depreciation under Section 205(2) of the Companies
Act, 1956 or any other relevant Act, as the case may be Lakhs Rs 1121.40 1218.97 874.25
4. Amount of depreciation provided in the financial records Lakhs Rs 1121.40 1218.97 874.25
5. Amount of depreciation absorbed in the cost records Lakhs Rs 1121.40 1218.97 874.25
6. Shortfall/Excess, if any (3 and 5)
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11. GROSS BLOCK, DEPRECIATION AND LEASE RENT:
2009-2010
Particulars Gross Deprecia- Lease Total Gross Deprecia- Total
Block tion Rent paid (b+c) Block tion (b+c)
Rs lakhs Rs lakhs if any Rs lakhs Rs lakhs Rs lakhs Rs lakhs(a) (b) (d) (a) (b) (d)
Name of major cost
Cost centres
a) Draw Warping 4925.46 257.14 257.14 4872.15 224.26 224.26
b) Sizing 579.21 8.43 8.43 1017.02 9.20 9.20
c) Looms 5550.72 76.38 76.38 5994.29 64.55 64.55
d Processing 3338.64 127.55 127.55 3504.25 147.22 147.22
e) Power 3597.01 150.46 150.46 3246.73 171.43 171.43
f) Other machinery 4240.39 215.02 215.02 5244.4 213.54 213.54
g) Building 5549.49 259.92 259.92 5584.97 280.77 280.77
h) Furniture,Vehicles, 347.16 8.67 8.67 1337.69 108.00 108
i) Mumbai Office 438.37 17.83 360.94
j) Land 1703.63 0 1703.63
TOTAL 30270.08 1121.40 1121.4 32866.07 1218.97 1218.97
11. GROSS BLOCK, DEPRECIATION AND LEASE RENT: 0
Particulars Gross Deprecia- Lease Total
Block tion Rent paid (b+c)
Rs lakhs Rs lakhs if any Rs lakhs
(a) (b) (d)Name of major cost
Cost centres
a) Draw Warping 4006.96 133.12 133.12
b) Sizing 1103.46 20.19 20.19
c) Looms 5176.30 24.31 24.31
d Processing 3649.45 113.26 113.26
e) Power 3530.74 151.42 151.42
f) Other machinery 5659.89 169.02 169.02
g) Building 6316.60 198.42 198.42
h) Furniture,Vehicles, 1463.80 64.51 64.51
i) Mumbai/Finance 421.60
j) Land 1703.63
TOTAL 33032.43 874.25 874.25
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12. OVERHEADS:
For the product under For the product under For the product under
reference &Factory reference &Factory reference &Factory
as a whole as a whole as a whole
Rs.in lakhs Rs.in lakhs Rs.in lakhs
1. Factory overheads
a) Wages and salaries 0 7.02 0
b) Consumable stores 0 0.47 4.96c) Repairs &maintenance 0.00 0.00 0.00
d) Depreciation on macinery 108.09 104.30 79.48
e) Factory expenses 0 0.79 0.48
f) Others 0.00 14.03 0.00
Total 108.09 126.61 84.92
2. Administrative overheads
Salaries 77.21 110.91 163.31
Legal and professional 26.11 38.95 39.00
Commission to Managing
Director 102.08 71.71 69.25
Misc Expenses 10.99 13.56 15.54
Sale Tax
Travelling Expenses 3.00 5.42 7.41
Depreciation on furniture/vehcle 17.83 13.00 11.17
Others 70.81 66.45 47.00
Total 308.03 320.00 352.68
3. Selling overheads
a) Salaries 276.24 254.88 253.82
b) Brokerage & commission 269.26 286.06 186.03
c) Discount 277.28 331.38 197.56
d) Spot sales 371.26 370.48 252.39
e) Advertisement 704.04 728.02 592.18
f) Others 285.72 168.79 24.59
Total 2183.8 2139.61 1506.57
4. Distribution overheads
a) Freight & octroi 135.41 138.86 29.06
TOTAL OVERHEADS 2735.33 2725.08 1973.23
Remarks-(1) In 2008-09, the Company implemented ERP (Enterprice Resource Planning) System,
in which all Expenses are identified and charged to different cost centres. Hence, factory Overheads
(Common expenses) amount is low in 2008-09.
(2) Common Administrative overheads for the company as a whole are allocated to the two factories
for the product and also other activities on sales basis and hence some variation from one year
to another arises.
13. RESEARCH AND DEVELOPMENT EXPENSES:
Particulars 2010-2011 2009-2010 2008-20091. Process development and improvement
2. Existing product development
3. New product development
4. Others, if any
5. Total amount
6. Amount capitalized/deferred during the year
7. Net amount (5-6) NIL NIL NIL
8.Deferred amount of earlier years, if any
9.Total amount provided in the cost records (7+8)
10. Amount paid to related parties
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14. ROYALTY AND TECHNICAL KNOW HOW CHARGES:
Particulars 2010-2011 2009-2010 2008-2009
1. Royalty on production/sales2. Lump sum payment of royalty, if any
3. Technical know how charges
4. Others, if any
5. Total amount
6. Amount capitalized/deferred during the year
7. Net amount (5-6) NIL NIL NIL
8. Deferred amount of earlier years, if any
9. Amount provided in the financial accounts (7+8)
10. Amount absorbed in the cost records
11. Shortfall/Excess, if any
12. Amount paid to related parties
15 - QUALITY CONTROL EXPENSES
Particulars 2010-2011 2009-2010 2008-2009
1. ISO Number , if any 9001 9001 9001
2. Name of certifying agency BVQI BVQI BVQ
3. Salaries and wages
4. Other direct expenses
5. Other if any (specify) 0 0 0
6. Total amount 0 0 50624
16 - POLLUTION CONTROL EXPENSES
Particulars 2010-2011 2009-2010 2008-2009
1. Effluent treatment
2. Control of air pollution
3. Control of ash pound/ash mound
4. Penalty, if any
5. Other, if any
6. Total amount 280000 276081 718790
17 - ABNORMAL NON-RECURRING COSTS:
Particulars 2010-2011 2009-2010 2008-2009
1. (Specify)
2 NIL NIL NIL
3
Total
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18(A) NON-MOVING STOCK (at the end of the year)
Particulars 2010-2011 2009-2010 2008-2009
a1. Total direct material consumption
a2. Closing stock of direct material
a3. Value of non-moving stock NIL NIL NIL
a4. Percentage of a3 to a2
b1. Total indirect material consumption
b2. Closing stock of indirect material
b3. Value of non-moving stock
b4. Percentage of b3 to b2
c1. Work-in process
c2. Closing stock
c3. Value of non-moving stock
c4. Percentage of c3 to c2
d1 Finished Goods
d2. Closing stock
d3. Value of non-moving stock
d4. Percentage of d3 to d2
e1. Total
e2. Closing stock 5619.58 4847.82 3568.88
e3. Value of non-moving stocke4. Percentage of e3 to e2
18(B) - WRITTEN OFF STOCK DURING THE YEAR
Particulars 2010-2011 2009-2010 2008-2009
1. Direct materials (Raw Materials & components,etc)
2. Indirect materials
3. WIP
4. Finished Goods
5. Total NIL NIL NIL
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19(A) INVENTORY VALUATION AT THE END OF THE YEAR
Particulars Basis of
valuation Quantity Rate Amount
(unit) Kg Rs. Rs.lakhs
1. Input material:
I) Purchased
- Indigenous
Weighted avg. cost
Raw Material- Yarn 826807 148.94 1231.47
- Imported
ii) Self manufactured
2. Chemicals, additives and
consumables
3. Stores and spares& Chemicals Weighted avg. cost 841.26
4. Packing materials Weighted avg. cost 0
5. Tools and implements and
Jigs, Dies and Fixtures
6. Work-in-progress
I) Material cost Cost Mtrs 611112 35.51 217.01
Cost Kgs 275906 171.31 472.65ii) Conversion cost
(details to be given)
7. Finished goods
(I) Unpacked
(ii) Packed Yarn Weighted avg. cost or net realis-
(ii) Packed Fabrics able value, whichever is lower. 7862340 36.34 2857.19
8. Scrap/Wastage Net realisable value
9.Other Fuel Weighted avg. cost
10. Total value of inventory
as per cost accounts 5619.58
11. Total value as per finan-
cial accounts 5784.59
12. Reasons for major differences if any
The difference is in respect of finished goods only. This is because of different cost of elements taken for
Financial and Costing records.
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19(A) INVENTORY VALUATION AT THE END OF THE YEAR
Particulars Basis of
valuation Quantity Rate Amount
(unit) Kg Rs. Rs.lakhs
1. Input material:
I) Purchased
- Indigenous
Weighted avg. cost
Raw Material- Yarn 962394 94.05 905.1
- Imported
ii) Self manufactured
2. Chemicals, additives and
consumables
3. Stores and spares& Chemicals Weighted avg. cost 430.19
4. Packing materials Weighted avg. cost 9.45
5. Tools and implements and
Jigs, Dies and Fixtures
6. Work-in-progress
I) Material cost Cost Mtrs 1027311 28.87 296.56
Cost Kgs 333593 134.02 447.09ii) Conversion cost
(details to be given)
7. Finished goods
(I) Unpacked
(ii) Packed Yarn Weighted avg. cost or net realis-
(ii) Packed Fabrics able value, whichever is lower. 6443227 42.83 2759.43
8. Scrap/Wastage Net realisable value
9.Other Fuel Weighted avg. cost
10. Total value of inventory
as per cost accounts 4847.82
11. Total value as per finan-
cial accounts 4948.05
12. Reasons for major differences if anyFinancial and Costing records.
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19(A) INVENTORY VALUATION AT THE END OF THE YEARParticulars Basis of
valuation Quantity Rate Amount
(unit) Kg Rs. Rs.lakhs
1. Input material:
I) Purchased
- Indigenous
Weighted avg. cost
Raw Matrerial- Yarn 609014 106.13 646.33
- Imported
ii) Self manufactured
2. Chemicals, additives and
consumables
3. Stores and spares& Chemicals Weighted avg. cost 306.03
4. Packing materials Weighted avg. cost 8.21
5. Tools and implements and
Jigs, Dies and Fixtures
6. Work-in-progress
I) Material cost Cost 2859255 11.96 341.97
ii) Conversion cost
(details to be given)7. Finished goods
(I) Unpacked
(ii) Packed Yarn Weighted avg. cost or net realis-
(ii) Packed Fabrics able value, whichever is lower. 6183664 36.65 2266.34
8. Scrap/Wastage Net realisable value
9.Other Fuel Weighted avg. cost
10. Total value of inventory
as per cost accounts 3568.88
11. Total value as per finan-
cial accounts 3618.17
12. Reasons for major differences if any
12. Reasons for major differences if any
The difference is in respect of finished goods only. This is because of different cost of elements taken for
Financial and Costing records.
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19(B) - PHYSICAL VERIFICATION OF INVENTORY:
Sl. Particulars Periodicity Shortage Excess Net Shortage Excess
No. of verifi-. value Rs. value Rs. value Rs. value Rs. value Rs.
cation
1. Raw material Quarterly
2. Chemicals, additives, con- "
sumables, etc. "
3. Stores & spares "
4. Packing materials "5. Tools & Implements " DIFFERENCE NEGLIGIBLE DIFFERENCE NEGLIGIBLE
6. WIP "
7. Finished Goods "
8. Scrap, wastage "
9. Total
19(B) - PHYSICAL VERIFICATION OF INVENTORY:
Sl. Particulars Periodicity Shortage Excess Net
No. of verifi-. value Rs. value Rs. value Rs.
cation
1. Raw material Quarterly2. Chemicals, additives, con- "
sumables, etc. "
3. Stores & spares "
4. Packing materials "
5. Tools & Implements " DIFFERENCE NEGLIGIBLE
6. WIP "
7. Finished Goods "
8. Scrap, wastage "
9. Total
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20. SALES OF THE PRODUCT UNDER REFERENCE:
Qty Rate Amount Qty Rate Amount
Rs. In lakhs Rs. In lakhs
1. Purchased goods
a)
b)
2. Loan licence basis:
a) Draw Warping Job Kgs
b) Cotton Doubling Kgs
c) Sizing Job Kgs
d) Finished Fabrics Job Mtrs
3. Own manufactureda) Draw Warping Kgs 12233083 124.06 15176.17 14421095 109.07 15729.30
b) Sizing Kgs 1238625 158.03 1957.34 1069790 146.96 1572.20
c) Grey Fabrics Mtrs 36571265 24.00 8776.85 30979541 23.29 7213.80
d) Finished Fabrics Mtrs 15841547 63.73 10096.47 12877133 61.38 7903.84
e) Finished Fabrics Export Mtrs 285737 66.95 191.29
20. SALES OF THE PRODUCT UNDER REFERENCE:
Qty Rate Amount
Rs. In lakhs1. Purchased goods
a)
b)
2. Loan licence basis:
a) Draw Warping Job Kgs
b) Cotton Doubling Kgs
c) Sizing Job Kgs
d) Finished Fabrics Job Mtrs
3. Own manufactured
a) Draw Warping Kgs 8888410 111.12 9876.94
b) Sizing Kgs 848175 157.61 1336.84
c) Grey Fabrics Mtrs 21499957 24.48 5262.61
d) Finished Fabrics -Local Mtrs 10284689 56.54 5814.46
d) Finished Fabrics- Export Mtrs 308390 72.19 222.63
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GREY FABRICS
Sort No Mtrs Rate Amount Mtrs Rate Amount Mtrs Rate
Rs.In lakhs Rs.In lakhsDM002 719079 20.71 148.93
DM104 1704058 28.29 482.10 484904 27.62 133.93 461672 26.87
DM122 3094268 20.83 644.52 639281 17.37 111.04 465216 20.09
DM126 6018015 21.01 1264.25 5836147 20.54 1198.74 1584267 23.15
DM129 271018 33.45 90.65
DM150 1459850 19.93
DM154 322939 31.21 100.79 714332 28.90 206.44 418638 31.91
DM157 860044 33.25 285.98 722107 30.65 221.33
DM165 434910 24.27 105.55 299963 23.23
DM177 27403 25.90 7.10
DM187 12005 23.80 2.86
DM183 120551 31.46
DM189 293175 26.44 77.51
DM193 645708 20.15 130.11 896379 20.60
DM196 1322069 15.77 208.49 1733218 15.75 272.98 1360389 13.33
DM198 101595 20.91
DM199 2056670 22.56 463.98 1173433 28.63
DM200 364742 44.85 163.57 230876 41.56 95.95
DM201 124788 34.58
DM203 493664 16.89 83.39
DM209 156299 29.51
DM210 923465 27.32
DM211 305313 16.25 49.61 219309 15.25
DM212 926280 31.71 293.70 1291623 33.38 431.14 107928 32.44
DM213 150495 16.90
DM214 991911 24.50 243.02 492262 24.67
DM215 136164 28.27DM216 95942 44.06
DM217 807219 28.45
DM226 1216562 15.09 183.61 1635621 14.25 233.08 208035 26.88
DM227 478239 18.90 90.40 839902 19.42 163.11
DM228 451534 22.65 102.29 364428 21.35 77.81
DM229 229602 28.50 65.44
DM230 493664 16.89 83.38
DM231 886621 18.97 168.23
DM232 384608 34.08 131.07
DM233 363402 44.60 162.08
DM234 314182 25.64 80.57
DM235 526515 23.81 125.37
DM236 400017 21.30 85.21
DM237 201975 23.85 48.17
SR067 58264 25.64 14.94
Others 6512075 30.89 2011.86 6124460 29.15 1785.57 4922079 30.69
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20 SALE OF THE PRODUCT UNDER REFERENCE
PROCESSED FABRIC
Mtrs Rate Amount Mtrs Rate Amount Mtrs
Rs.in lakhs Rs.in lakhs
PURCHASED GOODS
DM068 DYED 178182 40.45 72.07
DM222 DYED 90110 37.39 33.69
DM236 PTD 50363 65.97 33.22
SR016 PTD 137882
SR040 PTD 275814SR064 PTD 120298
SR071 PTD 67225 49.55 33.31
SR080 PTD 118604
SR086 PTD 99917
SR090 PTD 88459 59.90 52.98
SR092 PTD 86220
SR096 PTD 149166
SR103 PTD 160837
SR107 PTD 111487 21.27 23.71
SR108 PTD 48557 46.07 22.37
SR109 PTD 85969 39.13 33.64
SR110 PTD 62446 51.28 32.02
OWN MANUFACTURED
DM001 DYED 72377 47.97 34.72
DM002 DYED 196773 40.65 79.98 162758 33.47 54.48 190669
DM041 PTD 266556 93.60 249.50 134766 87.08 117.35
DM074 PTD 142594
DM126 DYED 492687 51.28 252.64
DM126 PTD 73623 46.97 34.58 317697
DM114 PTD 46978 69.35 32.58
DM139 DYED 166709 65.32 108.89 176091 52.49 92.43 183661
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20 SALE OF THE PRODUCT UNDER REFERENCE
PROCESSED FABRIC
Mtrs Rate Amount Mtrs Rate Amount Mtrs
Rs.in lakhs Rs.in lakhs
DM148 PTD 124192 77.49 96.24 143787 60.93 87.61 194898
DM158 PTD 225846 48.54 109.62
DM174 PTD 110161
DM177 DYED 544218 64.01 348.36 310008 48.27 149.63DM177 PTD 154930 73.94 114.56 484979 56.09 272.01 448145
DM187 PTD 137959 61.36 84.65
DM190 PTD 158977 51.05 81.16
DM193 PTD 175998
DM218 DYED 177666
DM219 PTD 269060
DM221 PTD 89805
DM230 PTD 152670 41.79 63.80
DM231 DYED 113558 45.58 51.76
DM232 DYED 128278 56.89 72.98 174601 52.77 92.13
DM233 PTD 262769 55.81 146.65 203300 47.94 97.46
DM234 PTD 137490 63.66 87.53
DM235 PTD 90420 70.52 63.76 109486 62.95 68.92DM239 DYED 44171 64.27 28.39
DM240 PTD 480107 66.16 317.65
DM241 PTD 237350 90.52 214.84
DM242 PTD 191271 76.62 146.56
DM243 DYED 75744 72.39 54.83
DM244 DYED 62201 59.92 37.27
DM244 PTD 156252 80.09 125.14
DM245 PTD 97855 74.28 72.69
DM246 PTD 114403 73.17 83.71
DM247 PTD 121952 55.83 68.09
DM249
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PROCESSED FABRIC
Mtrs Rate Amount Mtrs Rate Amount Mtrs
Rs.in lakhs Rs.in lakhs
SR005 DYED 76475 47.88 36.62 261598 60.03 157.03 188768
SR005 PTD 287076 65.00 186.60 285778 54.53 155.82 275839
SR009 DYED 283162 55.88 158.22 185785 43.60 81.01 94609SR009 PTD 1389104 69.23 961.62 869714 59.50 517.48 749187
SR013 PTD 553880 46.18 255.76 552269 41.99 231.90 592688
SR013 DYED 49975 31.37 15.68
SR014 PTD 322257
SR003 DYED 184435 83.08 153.22
SR027 PTD 395249 66.20 261.67
SR067 PTD 245340 74.94 183.87 473096 55.39 262.03
SR078 PTD 617109 71.73 442.66 460138 57.90 266.42 285751
SR086 PTD 99917
SR087 PTD 276456 95.41 263.77 99388 89.74 89.19
SR107 PTD 149798 67.33 100.86
SR108 PTD 174337 60.07 104.73
SR109 DYED 55756 76.03 42.39SR109 PTD 279477 75.13 209.97
SR110 PTD 260463 45.62 118.83
SR101 PTD 147104
SR102 PTD 166003
Others 3436361
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SALES OF THE PRODUCT UNDER REFERENCE
SIZING
Product Kgs Rate Amount Kgs Rate Amount Kgs Rate
Code Rs.In lakhs Rs.In lakhs R
SS-001 518046 160.60 831.98 192140 132.06 253.73 108918 135.28
SS-004 186207 138.10 257.16 111664 128.30 143.26 32656 129.56
SS-003 169955 127.53 216.74 292796 121.89 356.87 259477 132.94
SS-002 66669 145.28 96.86 62497 131.13 81.95 61702 130.43
SS-005 74680 188.16 140.52 82236 176.68 145.30 107183 168.05SS-006 99114 182.98 181.36 250681 182.06 456.38 278239 194.66
SS-007 76998 199.77 153.82 50446 182.18 91.90
SS-008 46956 168.03 78.90 27330 156.60 42.80
DRAW WARPING
WDS-005 337852 127.51 430.80 69296 118.82
WDS-001 3388007 130.12 4408.50 3745613 121.52 4551.65 1480463 106.37
WDS-007 1731964 154.34 2673.07 3904 144.58 5.64 1074262 155.95
WDS-006 15345 157.84 24.22
WDS-004 1590335 116.83 1858.05 672115 100.33 674.31 296718 95.75
WDS-003 3375905 107.20 3618.88 6793060 102.24 6945.05 4082754 103.22
WDS-002 1956470 120.47 2357.04 2867899 108.82 3120.87 1884917 108.56WDS-008 175056 135.04 236.40
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21. MARGIN PER UNIT OF OUTPUT
Cost of Sales rea- Margin Cost of Sales rea- MarginSales lisation Rs. Sales lisation Rs.
1. Purchased goods
a)
2. Loan licence basis:
a) Draw Warping Job Kgs
b) Sizing Job Kgs
c) Finsshed Fabrics Job Mtrs
3. Own manufactured
a) Draw Warping Kgs 101.83 124.06 22.23 88.68 108.45 19.77
b) Sizing Kgs 141.28 158.03 16.75 138.13 146.96 8.83
c) Grey Fabrics Mtrs 22.19 24.00 1.81 20.76 23.29 2.53
d) Finished Fabrics -Local Mtrs 55.54 63.73 8.19 51.30 59.38 8.08
21. MARGIN PER UNIT OF OUTPUT
Cost of Sales rea- Margin
Sales lisation Rs.
1. Purchased goodsa)
2. Loan licence basis:
a) Draw Warping Job Kgs
b) Sizing Job Kgs
c) Finsshed Fabrics Job Mtrs
3. Own manufactured
a) Draw Warping Kgs 89.1 111.12 22.02
b) Sizing Kgs 142.56 157.61 15.05
c) Grey Fabrics Mtrs 21.69 24.48 2.79
d) Finished Fabrics -Local Mtrs 51.81 56.53 4.72
d) Finished Fabrics- Export Mtrs
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21 MARGIN PER UNIT OF OUT PUT(PER METRE)
GREY FABRICS
Sort No Cost of Sales Margin Rs Cost of Sales Margin Rs Cost of Sales
sale Realisation sale Realisation sale Realisation
DM002 19.58 20.71 1.13
DM029 0.00 0.00 24.43 25.73
DM050 32.47 34.78 2.31 30.04 33.97 3.93 25.32 32.37
DM055
DM057
DM072 0.00 19.22 22.42 3.20 20.47 21.65DM073 0.00 0.00 26.37 32.56
GREY FABRICS
Sort No Cost of Sales Margin Rs Cost of Sales Margin Rs Cost of Sales
sale Realisation sale Realisation sale Realisation
DM079 15.67 17.42 1.75 14.13 15.99 1.86 15.76 16.48
DM086 18.33 20.15 1.82 16.30 18.73 2.43 17.72 17.98
DM092 19.81 24.1 4.29
DM104 26.61 28.29 1.68 26.33 27.62 1.29 27.47 26.87
DM122 18.56 20.83 2.27 15.33 17.37 2.04 17.47 20.10
DM126 19.15 21.01 1.86 19.58 20.54 0.96 23.98 23.15
DM148 24.75 21.30
DM150 18.05 19.93
DM129 27.80 33.45 5.65
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GREY FABRICS
Sort No Cost of Sales Margin Rs Cost of Sales Margin Rs Cost of Sales
sale Realisation sale Realisation sale Realisation
DM154 28.40 31.21 2.81 26.32 28.90 2.58 27.55 31.90
DM157 29.76 33.25 3.49 27.36 30.65 3.29
DM165 0.00 22.91 24.27 1.36 23.31 23.23
DM183 27.68 31.46
DM189 26.20 26.44 0.24
DM193 19.46 20.15 0.69 21.13 20.60
DM196 15.58 15.77 0.19 13.69 15.75 2.06 14.84 13.33
DM198 18.20 20.90DM199 18.85 22.56 3.71 23.90 28.63
DM200 39.72 44.84 5.12 36.71 41.56 4.85
DM201 31.12 34.60
DM209 27.19 29.50
DM210 20.24 27.30
DM211 16.09 16.25 0.16 17.41 15.25
DM212 30.50 31.72 1.22 27.49 33.38 5.89 27.87 32.43
DM213 0.00 15.23 16.90
DM214 18.85 24.50 5.65 19.67 24.67
DM215 27.10 28.30
DM216 36.49 44.10
DM217 24.79 28.50
DM226 15.01 15.09 0.08 13.62 14.25 0.63 22.48 26.88
DM227 17.33 18.9 1.57 16.17 19.42 3.25DM228 19.59 22.65 3.06 19.05 21.35 2.30
DM229 27.12 28.5 1.38
DM230 15.23 16.89 1.66
DM231 17.66 18.97 1.31
DM232 31.44 34.08 2.64
DM233 41.80 44.6 2.80
DM234 23.49 25.64 2.15
DM235 20.33 23.81 3.48
DM236 21.05 21.3 0.25
DM237 21.37 23.85 2.48
SR067 24.76 25.64 0.88
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21 MARGIN PER UNIT OF OUTPUT (PER METRE)
PROCESS FABRIC
cost of sales Margin Rs cost of sales Margin Rs cost of
sale realisa sale realisa sale
PURCHASED GOODS tion tion
DM068 DYED 35.17 40.45 5.28
DM222 DYED 37.76 37.39 -0.37
DM236 DYED 64.48 65.97 1.49
SR016 PTD 48.81SR040 PTD 60.04
SR064 PTD 56.32
SR071 PTD 46.02 49.55 3.53
SR080 PTD 35.29
SR086 PTD 61.41
SR082 PTD 46.30
SR090 PTD 48.80 59.90 11.10
SR096 PTD 48.50
SR103 PTD 49.07
SR107 PTD 25.54 21.27 -4.27
SR108 PTD 43.90 46.07 2.17
SR109 PTD 31.97 39.14 7.17
SR110 PTD 45.76 51.28 5.52
OWN MANUFACTUREDDM001 DYED 0.00 37.46 47.97 10.51 0.00
DM002 DYED 34.83 40.65 5.82 27.33 33.47 6.14
DM007 DYED 28.72
DM041 PTD 83.45 93.6 10.15 81.46 87.08 5.62
DM002 DYED 28.72
DM074 PTD 40.35
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21 MARGIN PER UNIT OF OUTPUT (PER METRE)
PROCESS FABRIC
cost of sales Margin Rs cost of sales Margin Rs cost of
sale realisa sale realisa sale
tion tion
DM114 PTD 62.6 69.36 6.76
DM126 DYED 41.85 51.28 9.43
DM127 PTD 0.00 0.00 0.00
DM139 PTD 52.76 71.10 18.34DM148 PTD 59.64 77.49 17.85 52.53 60.93 8.40 56.03
DM158 PTD 40.94 48.54 7.60
DM174 PTD 42.79
DM177 DYED 45.51 64.01 18.50 44.91 48.27 3.36
DM177 PTD 57.62 73.94 16.32 54.21 56.09 1.88 57.83
DM187 PTD 54.36 61.36 7.00
DM190 PTD 53.57 51.05 -2.52
DM193 PTD 50.89
DM218 DYED 43.12
DM219 PTD 56.90
DM221 PTD 55.97
DM230 PTD 38.37 41.79 3.42
DM231 PTD 42.20 45.58 3.38
DM232 DYED 48.99 56.89 7.90 49.23 52.77 3.54DM233 PTD 49.29 55.81 6.52 52.78 47.94 -4.84
DM234 PTD 62.94 63.66 0.72
DM235 PTD 64.07 70.52 6.45 61.03 62.95 1.92
DM239 DYED 56.56 64.28 7.72
DM240 PTD 61.49 66.16 4.67
DM241 PTD 79.93 90.52 10.59
DM242 PTD 69.18 76.62 7.44
DM243 DYED 67.87 72.39 4.52
DM244 DYED 46.22 59.91 13.69
DM244 PTD 58.26 80.09 21.83
DM245 PTD 72.65 74.28 1.63
DM246 PTD 64.02 73.17 9.15
DM247 PTD 54.44 55.83 1.39
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21 MARGIN PER UNIT OF OUTPUT (PER METRE)
PROCESS FABRIC
cost of sales Margin Rs cost of sales Margin Rs cost of
sale realisa sale realisa sale
tion tion
SR005 DYED 37.85 47.88 10.03 41.56 60.03 18.47 35.08SR005 PTD 51.52 64.00 12.48 48.43 54.53 6.10 49.62
SR009 DYED 45.71 55.87 10.16 40.41 43.60 3.19 41.44
SR009 PTD 56.05 69.23 13.18 52.69 59.50 6.81 56.18
SR013 DYED 0.00 28.67 31.37 2.70
SR013 PTD 37.38 46.18 8.80 38.74 41.99 3.25 42.77
SR014 PTD 0.00 0.00 48.75
SR027 PTD 63.56 66.20 2.64
SR067 PTD 56.92 74.95 18.03 49.67 55.39 5.72
SR078 PTD 54.27 71.73 17.46 52.17 57.90 5.73 58.46
SR079 PTD
SR080 PTD 0.00 0.00 35.29
SR003 DYED 60.21 83.07 22.86
SR086 PTD 61.41SR087 PTD 83.03 95.41 12.38 73.99 89.74 15.75
SR101 PTD 0.00 55.27
SR102 PTD 0.00 48.64
SR107 PTD 49.81 67.33 17.52
SR108 PTD 45.74 60.08 14.34
SR109 DYED 51.69 76.03 24.34
SR109 PTD 56.63 75.13 18.50
SR110 PTD 37.01 45.62 8.61
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MARGIN AS PER UNIT OF OUTPUT
SIZING
Denier Cost of Sales Margin Cost of Sales Margin Cost of Sales
Sale Realiasation Sale Realiasation Sale Realiasatio
SS-001 142.28 160.6 18.32 136.09 132.06 -4.03 132.59 135.28
SS-004 119.61 138.10 18.49 110.02 128.30 18.28 120.47 129.58
SS-003 115.65 127.53 11.88 112.45 121.89 9.44 118.29 132.94
SS-002 130.84 145.28 14.44 118.45 131.13 12.68 125.96 130.43
SS-005 182.63 188.16 5.53 180.57 176.68 -3.89 173.88 168.05SS-006 163.91 182.98 19.07 160.34 182.06 21.72 181.88 194.66
SS-007 173.31 199.78 26.47 190.54 182.18 -8.36
SS-008 157.73 168.03 10.30 159.40 156.60 -2.80
DRAW WARPING
WDS-001 107.44 130.12 22.68 100.87 121.52 20.65 93.25 106.37
WDS-004 87.52 116.83 29.31 81.15 100.33 19.18 87.65 95.75
WDS-003 90.79 107.2 16.41 83.38 102.24 18.86 83.05 103.22
WDS-005 0 117.63 127.51 9.88 111.35 118.82
WDS-002 98.20 120.47 22.27 86.15 108.82 22.67 92.68 108.56
WDS-006 146.02 157.86 11.84 123.53 144.58 21.05 141.59 155.95
WDS-007 127.44 154.34 26.90
WDS-008 119.61 135.04 15.43 139.17 148.56 9.39
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22 - COMPETITIVE MARGIN AGAINST IMPORTS:
Particulars Current 1st Previou2nd Previous
Year Year Year
1. Name of product
2. Estimated demand of the product in the country*
3. Total production in the country*
4. Quantities imported in the country**
5. Total production by the Company
6. '%age share of the company in total inland production
(item 5/item 3)
7 (a) Cost of production per unit (Inland sale)
(b) Cost of sale per unit (Inland sale)
Cost of production per unit (Export sale)
d) Cost of sale per unit (Export sale) NOT APPLICABLE
8. Quantity of product imported by the Company **
9. FOB value of quantity imported in the Country **
10. Weighted average FOB rate of quantities imported
by the Company (item 9/item 8)**
11. FOB value of quantity imported in the country **
12. Weighted average FOB rate of quantities imported
in the country (item 11/item 4)**
13. Competitive margin (item 12 less item 7(A)**
14. Major exporting countries (other than those
listed in item 4 above)
15 (A) Total import duty paid by the Company
(net of CENVAT)
(B) Weighted average rate of import duty paid by the
Company (Net of CENVAT) (item 15(A)/item 8)
16. Bound rate of duty under WTO agreement
Notes:
* Indicate the sources of information
** Countrywide details should be furnished in respect of major countries covering at least 80%
of the total and balance should be shown under the head "Others".
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23. VALUE ADDITION AND DISTRIBUTION OF EARNINGS:
2010-2011 2009-2010 2008-2009
Value Addition (for the products under reference):
1. Gross sales (excluding returns) 36006.83 32419.15 22290.86
2.Less: Excise duty, etc. 0.00 0.00 0.00
3. Net sales 36006.83 32419.15 22290.86
4. Adjustments in stocks 620.40 398.05 -187.99
5. Less: Cost of bought out materials and services 28344.48 24719.09 16209.20
6. Value added for product for this factory -2 8282.75 8098.11 5893.67
6. Value added for product for factory -1 25903.06 19653.14 10940.38
7. Add: Income from any other sources 1760.24 1865.95 3771.61
8. Earnings for distribution 35946.05 29617.20 20605.66
B. Distribution of earnings to:
1. Employees as salaries and wages, retirement benefits, etc. 7297.40 5734.95 4424.60
2. Shareholders as dividend 689.23 689.23 574.363. Retained funds as depreciation, etc 15637.15 12773.15 8770.10
4. Government as taxes (Income Tax) 3428.79 3102.89 2138.45
5. Others, if any-Interest 8893.48 7316.98 4698.15
6. Total 35946.05 29617.20 20605.66
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24. FINANCIAL POSITION AND RATIO ANALYSIS:
Particulars
for product Company for product Company for product Company
under ref. as a under ref. as a under ref. as a
& factory whole & factory whole & factory whole
1. Capital employed 15511.27 148347.04 18642.20 130832.87 19748.60 117806.46
2. Net Worth x 65230.40 x 57319.03 x 51083.93
3.Profit 5185.92 20997.02 5088.36 16625.86 4051.43 11697.46
4. Net sales 36006.83 340047.99 32419.15 251489.41 22290.86 133160.83
5. Operating expenses as a
percentage of Net Sales:
a) Material cost 53.59 x 53.20 x 51.22 x
b) Factory overheads 2.74 x 1.74 x 2.31 x
c) Royallty on production,
d) Salaries & wages 4.21 x 4.11 x 5.54 x
e) Research & DevelopmentExpenses
f) Quality control
g) Administrative overhead 0.84 x 0.98 x 1.60 x
h) Selling & Distribution 6.33 x 6.94 x 6.95 x
i) Interest 0.82 0.82 3.73
j)Direct Material 1.00 2.29 3.71
kj) Power 7.31 x 6.53 x 7.93 x
l) Depreciation 2.26 x 2.5 x 2.54 x
m) Other Mfg. Expenses 7.56 x 6.21 x 3.20 x
6. Profit as % of capital
employed 33.43 14.15 27.29 12.71 27.35 9.93
7. Profit as % of net worth 0.00 32.19 0.00 29.01 0.00 22.90
8. Profit as % of net sales 14.40 6.17 15.70 6.61 18.18 8.78
9. Profit as % of value addition 62.61 x 62.83 x 68.74 x10.Value addition as % of
Net Sales 23.00 x 24.98 x 26.44 x
11. Current assets to current
liabilities 2.65 2.37 3.89 2.67 5.52 4.11
12.Net working capital in terms
of number of months of cost
of sales excl. depreciation 2.51 x 3.72 x 4.12 x
13. Debt-Equity ratio x 1.78 x 1.69 x 1.67
14. Raw materials stock in
terms of number of months
of consumption 0.80 x 0.77 x 0.55 x
15. Stores & Spare parts stock
in terms of number of monthsof consumption 5.20 x 2.93 x 2.18 x
16. Work-in-progress stock in
terms of number of months
of cost of production 0.29 x 0.36 x 0.26 x
17. Finished goods stock in
terms of number of months
of cost of sales 1.20 x 1.20 x 1.08 x
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25 - CAPITALISATION OF REVENUE EXPENDITURE::
Particulars 2008-2009 2007-2008 2006-2007
1. Raw Materials
(a) Purchased
-Indigenous
- Imported
(b) Self manufactured
2. Direct salaries & wages
N I L
3. Consumable stores
4. Repairs & maintenance
5. Depreciation
6. Factory overheads
7. Administration overheads
8. Other expenses (Specify) Interest 0 0 0
9. Total 0 0 0
10. Capitalisation - Excisable value 0.00 0.00 0.00
11. Capitalisation - Non-excisable value 0 0 0
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26 - RELATED PARTY TRANSACTIONS:
Briefly describe the transfer pricing policy followed by the company in respect of related party
relationship" as defined in the relevant Cost Accounting Records Rules made under clause (d) ofsub-section (1) of Section 209 of the Act. The following particulars may be furnished with
regard to related party transactions:
Particulars of related Product/ Quantity Rate Amount Normal
party Activity Rs.lakhs price
Surat Textlie Mills Ltd Yarn Purchase 22403.47 Normal
( Associate Company) price
Yaen Sales 6217.72 Normal
price
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EXCISE DUTY NOT APPLICABLE
27 - CENTRAL EXCISE RECONCILIATION FOR THE PRODUCT UNDER REFERENCE:
Particulars Chapter Chapter Chapter
Heading Heading Heading
Unit: Kg Unit: Kg Unit: Kg
A. QUANTITATIVE DETAILS:
1. Opening stock
2. Add: Production
3. Less: Closing stock
4. Total sales/clearances
1. Opening stock
2. Add: Production
3. Add: Recd other than mfg
3. Less: Closing stock 0
4. Total sales/clearances 0
B. DETAILS OF CLEARANCES Assess- Rate of Amount of
able valueRs duty % Duty Rs.
1. Total clearances (Chap.headingwise) 0 0
2. Less: Duty free clearances (factory) 0 0
3. Excisable clearances (factory) 0 0
4. Penalty/Fine/Interest payable, if any 05. Total Duty payable (total of 3 & 4) 0
B. DETAILS OF CLEARANCES Assess- Rate of Amount of
able valueRs duty % Duty Rs.
1. Total clearances (Chap.headingwise) 0 0
2. Less: Duty free clearances (factory) 0 0
3. Excisable clearances (factory) 0 0
4. Penalty/Fine/Interest payable, if any 0
5. Total Duty payable (total of 3 & 4) 0
EXCISE DUTY NOT APPLICABLE
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B. DETAILS OF CLEARANCES Assess- Rate of Amount of
able valueRs duty % Duty Rs.
1. Total clearances (Chap.headingwise) 02. Less: Duty free clearances (factory)
3. Excisable clearances (factory) 0 0
4. Penalty/Fine/Interest payable, if any 0
5. Total Duty payable (total of 3 & 4) 0
B. DETAILS OF CLEARANCES Assess- Rate of Amount of
able valueRs duty % Duty Rs.
1. Total clearances (Chap.headingwise) 0
2. Less: Duty free clearances (factory)
3. Excisable clearances (factory) 0 0
4. Penalty/Fine/Interest payable, if any 0
5. Total Duty payable (total of 3 & 4) 0
B. DETAILS OF CLEARANCES Assess- Rate of Amount of able valueRs duty % Duty Rs.
1. Total clearances (Chap.headingwise) 0
2. Less: Duty free clearances (factory)
3. Excisable clearances (factory) 0 0
4. Penalty/Fine/Interest payable, if any 0
5. Total Duty payable (total of 3 & 4) 0
B. DETAILS OF CLEARANCES Assess- Rate of Amount of
able valueRs duty % Duty Rs.
1. Total clearances (Chap.headingwise) 0
2. Less: Duty free clearances (factory)
3. Excisable clearances (factory) 0 NIL 0
4. Penalty/Fine/Interest payable, if any 05. Total Duty payable (total of 3 & 4) 0
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C. SUMMARY OF CENVAT CREDIT Total
1. Opening balance 0
1A. Less: Transferred to PFY Divn, Jolva
2. Add: Availed during the year 0
3. Add: Refunds received during the year
4. Less: Closing balance as per excise
records 0
5. Total Cenvat credit utilised during the
year (1+2+3-4) 0
6. Closing balance as per Annual Accounts 0
7. Difference between 4 & 6
8. State amount and reasons for difference
D, RECONCILIATION OF DUTY PAID: Amount Rs.1. Excise Duty payable as per B 0
2. Total exc ise duty paid through:
a) Cenvat Accounts Inputs 0
b) Cenvat Account Capital goods 0
c) PLA 0
Total a + b +c) 0
3. Difference between 1 & 2 0
4. State amount and reasons for difference
5. Excise duty as per RT-12 0
6. Difference between 2 & 5 0
7.State amount and reasons for difference
E RECONCILIATION OF DUTY PAID AND RECOVERED: Amount Rs.
1. Excise duty paid as per P&L A/c 0
2.Excise Duty recovered as per P&L A/c 0
3. Difference between duty paid and recovered 0
4. State amount and reasons for difference
F. RECONCILIATION OF TURNOVER Amount Rs. Lakhs
1. Turnover as per RT-12 0.00
2. Turnover as per Annual Accounts (Net of
Duties & Taxes) of Exciseable products. 0
3. Difference between 1 & 2 0.00
4. State amount and reasons for differences
EXCISE DUTY NOT APPLICABLE
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28. PROFIT RECONCILIATION
Particulars (Amount in lakhs Rupees)
2010-2011 2009-2010 2008-2009
1. Profit or Loss as per Cost accounting records for this factory -2 4885.21 4818.84 2493.73
1. Profit or Loss as per Cost accounting records for factory -1 5397.61 3452.60 1736.37
2. Add: Incomes not considered in Cost accounts:
Misc. income 33.64 46.66 22.01
Insurance Claim
Machinery Rent income 85.71 85.73 0.00
Bad Debts Recovery 19.00 73.00
Income from Investment 394.09 334.19 609.40
Debit balance written off 0 79.87
Share of Profit in partnership firm
Excise duty refund relating to previous Year 2600.00
Profit on sale of Fixed Assets 0.00 21.99 13.23
Sub Total Other income 532.44 641.44 3244.64
3. Less: Expenses not considered in Cost accounts:
Debit balance written off 120.00
Share of Loss on Partnership firm 9.98 108.11
Donation 7.88 0.47 55.48
Under Recovery of Expenses in Draw Winding
due To Low Capacity Utilisation 108.89 281.32 250.25
Excise Duty relating to previous year
Loss on sale of fixed Assets 268.80
Sub Total Other expenses 515.55 389.90 305.73
4. Stock Difference between Financial Accounts & Costing
Add: Overvaluation of closing stock in financial accounts 2475.25 674.88Less: Over- Valuation of opening stock in financial accounts 674.88 196.21
Less: Under valuation of closing stock in financial accounts 111.02
Add: Under valuation of opening stock in financial accounts 111.02
Profit for other activities 3.46 0.00 137.53
Profit as per Financial Accounts 12103.54 9308.88 6999.31
Signature Sd Signature Sd Signature Sd
Name V. SRINIVASAN Name Kamlesh Vyas. Name
Cost Auditor Company Secretary Director Seal Stamp Stamp
Date 30-07-2011 Date Date
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PROFORMA
NAME OF THE COMPANY: GARDEN SILK MILLS LTD.
NAME AND ADDRESS OF THE FACTORY: VARELI, TALUKA PALSANA, DIST. SURAT.
Statement showing summary cost of sales, sales realization and margin in respect of each type of,
Polyester product, produced or manufactured and sold During the year 31-03-2011
Denier/Type/Quality of the Product WDS-008 DRAW WARPINGA Quantitative Information: Kgs
Sr.No Particulars Current Previous
Year Year
1 Quantity Produced 258015 51946
2 Quantity sold
a) Domestic 175056 652
b) Export
3 Closing stock (finished goods) 4394
4 Opening stock (finished goods) 0
B: Cost Information
Sr.No Particulars Quantity Rate Amount
1 Material Cost :- Current Year Pre Yea
i) Purchased(POY) 258015 22460737 87.05 109.03
ii) Own manufactured
b) Process material
f) Total Material cost 258015 87.05 22460737 87.05 109.03
2 Conversion Cost 6600363 25.58 20.24
3 Sub Total (1+2) 258015 112.63 29061100 112.63 129.27
4 Stock Adjustment (work in process)
Opening Stock WIP
Closing Stock WIP
5 Less Credit for Wastages
6 Packing
Material Cost 224473 0.87 0.85
Others
7 Cost of Production(3+4-5+6) 258015 113.50 29285573 113.50 130.128 Finished Goods Purchased
9 Stock Adjustment (Finished Products)
Opening Stock 0 0
Closing Stock -4394 113.50 -498734
10 TOTAL(7+8+9) 253621 113.50 28786839 113.50 130.12
11 Transfer for Sale 175056 113.50 19869447 113.50 130.12
Transfer for Captive Consumption 78565 113.50 8917393
12 Administrative Overheads 202240 1.16 1.47
13 Selling & Distribution Expenses:-
a) Wages & salaries 19481 0.11 0.79
b)Commission & Discount 649830 3.71 5.58
c) Others
TOTAL 669311 3.82 6.3614 Interest 197430 1.13 1.22
15 Bonus
16 Gratuity `
17 Total cost of Sales excluding excis 175056 20938428 119.61 139.17
duty (11 to 16)
18 Total Sales realisation excluding Excise 23640342 135.04 148.56
19 Margin (18-17) 175056 2701914 15.43 9.39
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PROFORMA
NAME OF THE COMPANY: GARDEN SILK MILLS LTD.
NAME AND ADDRESS OF THE FACTORY: VARELI, TALUKA PALSANA, DIST. SURAT.
Statement showing summary cost of sales, sales realization and margin in respect of each type of,
Polyester product, produced or manufactured and sold During the year 31-03-2011
Denier/Type/Quality of the Product WDS-006 DRAW WARPING
A Quantitative Information: Kgs
Sr.No Particulars Current Previous
Year Year
1 Quantity Produced 94971 81816
2 Quantity sold
a) Domestic 15345 82816
b) Export
3 Closing stock (finished goods) 5022
4 Opening stock (finished goods) 0
B: Cost Information
Sr.No Particulars Quantity Rate Amount
1 Material Cost :- Current Year Pre Yea
i) Purchased(POY) 94971 118.82 11284568 118.82 113.75ii) Own manufactured
b) Process material
f) Total Material cost 94971 118.82 11284568 118.82 113.75
2 Conversion Cost 1822112 19.19 15.18
3 Sub Total (1+2) 94971 138.01 13106680 138.01 128.93
4 Stock Adjustment (work in process)
Opening Stock WIP
Closing Stock WIP
5 Less Credit for Wastages
6 Packing
Material Cost 82625 0.87 0.85
Others
7 Cost of Production(3+4-5+6) 94971 138.88 13189305 138.88 129.78
8 Finished Goods Purchased9 Stock Adjustment (Finished Products)
Opening Stock
Closing Stock -5022 138.88 -697441
10 TOTAL(7+8+9) 89949 138.88 12491864 138.88 129.78
11 Transfer for Sale 15345 138.88 2131070 138.88 0.00
Transfer for Captive Consumption 74604 138.88 10360793 138.88 129.78
12 Administrative Overheads 20724 1.35
13 Selling & Distribution Expenses:-
a) Wages & salaries 1996 0.13
b)Commission & Discount 66588 4.34
c) Others
TOTAL 68584 4.4714 Interest 20231 1.32
15 Bonus
16 Gratuity `
17 Total cost of Sales excluding excise- 2240609 146.02
duty (11 to 16)
18 Total Sales realisation excluding Excise 2422424 157.86
19 Margin (18-17) 15345 181815 11.85
-49 --
Cost per Kg
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PROFORMA
NAME OF THE COMPANY: GARDEN SILK MILLS LTD.
NAME AND ADDRESS OF THE FACTORY: VARELI, TALUKA PALSANA, DIST. SURAT.
Statement showing summary cost of sales, sales realization and margin in respect of each type of,
Polyester product, produced or manufactured and sold During the year 31-03-2011
Denier/Type/Quality of the Product WDS-001 DRAW WARPING
A Quantitative Information: Kgs
Sr.No Particulars Current Previous
Year Year
1 Quantity Produced 3883043 3938977
2 Quantity sold
a) Domestic 3388007 3745613
b) Export
3 Closing stock (finished goods) 78588 1871
4 Opening stock (finished goods) 1871 906
B: Cost Information
Sr.No Particulars Quantity Rate Amount
1 Material Cost :- Current Year Pre Yea
i) Purchased(POY) 3883043 331372040 85.34 80.48ii) Own manufactured
b) Process material
f) Total Material cost 3883043 85.34 331372040 85.34 80.48
2 Conversion Cost 59600008 15.35 12.14
3 Sub Total (1+2) 3883043 100.69 390972048 100.69 92.63
4 Stock Adjustment (work in process)
Opening Stock WIP
Closing Stock WIP
5 Less Credit for Wastages
6 Packing
Material Cost 3378247 0.87 0.85
Others
7 Cost of Production(3+4-5+6) 3883043 101.56 394350295 101.56 93.48
8 Finished Goods Purchased9 Stock Adjustment (Finished Products)
Opening Stock 1871 93.48 174892
Closing Stock -78588 101.55 -7980858
10 TOTAL(7+8+9) 3806326 101.55 386544329 101.55 93.47
11 Transfer for Sale 3388007 101.55 344062724 101.55 93.47
Transfer for Captive Consumption 418319 101.55 42481605
12 Administrative Overheads 3771409 1.11 1.20
13 Selling & Distribution Expenses:-
a) Wages & salaries 363286 0.11 0.64
b)Commission & Discount 12118155 3.58 4.56
c) Others
TOTAL 12481441 3.68 5.2014 Interest 3681713 1.09 0.99
15 Bonus
16 Gratuity
17 Total cost of Sales excluding excise- 363997287 107.44 100.87
duty (11 to 16)
18 Total Sales realisation excluding Excise 440849726 130.12 121.52
19 Margin (18-17) 3388007 76852439 22.68 20.65
-50 --
Cost per Kg
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PROFORMA
NAME OF THE COMPANY: GARDEN SILK MILLS LTD.
NAME AND ADDRESS OF THE FACTORY: VARELI, TALUKA PALSANA, DIST. SURAT.
Statement showing summary cost of sales, sales realization and margin in respect of each type of,
Polyester product, produced or manufactured and sold During the year 31-03-2011
Denier/Type/Quality of the Product WDS-007 DRAW WARPINGA Quantitative Information: Kgs
Sr.No Particulars Current Previous
Year Year
1 Quantity Produced 1880957 248731
2 Quantity sold
a) Domestic 1731965 3904
b) Export
3 Closing stock (finished goods) 48486 991
4 Opening stock (finished goods) 991 6463
B: Cost Information
Sr.No Particulars Quantity Rate Amount
1 Material Cost :- Current Year Pre Yea
i) Purchased(POY) 1880957 196089887 104.25 101.85
ii) Own manufactured
b) Process material
f) Total Material cost 1880957 104.25 196089887 104.25 101.85
2 Conversion Cost 28870409 15.35 12.14
3 Sub Total (1+2) 1880957 119.60 224960296 119.60 113.99
4 Stock Adjustment (work in process)
Opening Stock WIP
Closing Stock WIP
5 Less Credit for Wastages
6 Packing
Material Cost 1636433 0.87 0.85
Others
7 Cost of Production(3+4-5+6) 1880957 120.47 226596729 120.47 114.848 Finished Goods Purchased
9 Stock Adjustment (Finished Products)
Opening Stock 991 113699
Closing Stock -48486 120.47 -5840906
10 TOTAL(7+8+9) 1833462 120.47 220869522 120.47 114.73
11 Transfer for Sale 1731964 120.47 208642481 120.47 114.73
Transfer for Captive Consumption 101498 120.47 12227041
12 Administrative Overheads 2286774 1.32 1.43
13 Selling & Distribution Expenses:-
a) Wages & salaries 220276 0.13 0.76
b)Commission & Discount 7347779 4.24 5.43
c) Others
TOTAL 7568055 4.37 6.1914 Interest 2232387 1.29 1.18
15 Bonus
16 Gratuity
17 Total cost of Sales excluding excise- 220729697 127.44 123.53
duty (11 to 16)
18 Total Sales realisation excluding Excise 267306899 154.34 144.58
19 Margin (18-17) 1731965 46577202 26.89 21.05
-51 --
Cost per Kg
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PROFORMA
NAME OF THE COMPANY: GARDEN SILK MILLS LTD.
NAME AND ADDRESS OF THE FACTORY: VARELI, TALUKA PALSANA, DIST. SURAT.
Statement showing summary cost of sales, sales realization and margin in respect of each type of,
Polyester product, produced or manufactured and sold During the year 31-03-2011
Denier/Type/Quality of the Product WDS-002 DRAW WARPINGA Quantitative Information: Kgs
Sr.No Particulars Current Previous
Year Year
1 Quantity Produced 2035977 2930512
2 Quantity sold
a) Domestic 1956470 2867899
b) Export
3 Closing stock (finished goods) 19351 2699
4 Opening stock (finished goods) 2699 957
B: Cost Information
Sr.No Particulars Quantity Rate Amount
1 Material Cost :- Current Year Pre Yea
i) Purchased(POY) 2035977 161060537 79.11 68.55
ii) Own manufactured 0 0
b) Process material 0 0
f) Total Material cost 2035977 79.11 161060537 79.11 68.55
2 Conversion Cost 0 26041484 12.79 10.12
3 Sub Total (1+2) 2035977 91.90 187102021 91.90 78.67
4 Stock Adjustment (work in process)
Opening Stock WIP
Closing Stock WIP
5 Less Credit for Wastages
6 Packing
Material Cost 1771300 0.87 0.85
Others
7 Cost of Production(3+4-5+6) 2035977 92.77 188873321 92.77 79.528 Finished Goods Purchased
9 Stock Adjustment (Finished Products)
Opening Stock 2699 79.52 214635
Closing Stock -19351 92.75 -1794812
10 TOTAL(7+8+9) 2019325 92.75 187293144 92.75 79.52
11 Transfer for Sale 1956470 92.75 181463319 92.75 79.52
Transfer for Captive Consumption 62855 92.75 5829825
12 Administrative Overheads 2016418 1.03 1.07
13 Selling & Distribution Expenses:-
a) Wages & salaries 194234 0.10 0.57
b)Commission & Discount 6479082 3.31 4.08
c) Others
TOTAL 6673316 3.41 4.6614 Interest 1968461 1.01 0.89
15 Bonus
16 Gratuity
17 Total cost of Sales excluding excise- 192121514 98.20 86.15
duty (11 to 16)
18 Total Sales realisation excluding Excise 235704311 120.47 108.82
19 Margin (18-17) 1956470 43582797 22.28 22.67
-52 --
Cost per Kg
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PROFORMA
NAME OF THE COMPANY: GARDEN SILK MILLS LTD.
NAME AND ADDRESS OF THE FACTORY: VARELI, TALUKA PALSANA, DIST. SURAT.
Statement showing summary cost of sales, sales realization and margin in respect of each type of,
Polyester product, produced or manufactured and sold During the year 31-03-2011
Denier/Type/Quality of the Product WDS-003 DRAW WARPINGA Quantitative Information: Kgs
Sr.No Particulars Current Previous
Year Year
1 Quantity Produced 3524066 7048663
2 Quantity sold
a) Domestic 3375905 6793060
b) Export
3 Closing stock (finished goods) 8468 6858
4 Opening stock (finished goods) 6858 904
B: Cost Information
Sr.No Particulars Quantity Rate Amount
1 Material Cost :- Current Year Pre Yea
i) Purchased(POY) 3524066 261233402 74.13 67.70
ii) Own manufactured
b) Process material
f) Total Material cost 3524066 74.13 261233402 74.13 67.70
2 Conversion Cost 38635817 10.96 8.67
3 Sub Total (1+2) 3524066 85.09 299869219 85.09 76.38
4 Stock Adjustment (work in process)
Opening Stock WIP
Closing Stock WIP
5 Less Credit for Wastages
6 Packing
Material Cost 3065937 0.87 0.85
Others
7 Cost of Production(3+4-5+6) 3524066 85.96 302935156 85.96 77.238 Finished Goods Purchased
9 Stock Adjustment (Finished Products)
Opening Stock 6858 77.23 529617
Closing Stock -8468 85.94 -727781
10 TOTAL(7+8+9) 3522456 85.94 302736992 85.94 77.23
11 Transfer for Sale 3375905 85.94 290141687 85.94 77.23
Transfer for Captive Consumption 146551 85.94 12595305
12 Administrative Overheads 3095905 0.92 0.94
13 Selling & Distribution Expenses:-
a) Wages & salaries 298217 0.09 0.54
b)Commission & Discount 9947650 2.95 3.84
c) Others
TOTAL 10245867 3.03 4.3814 Interest 3022274 0.90 0.84
15 Bonus
16 Gratuity
17 Total cost of Sales excluding excise- 306505733 90.79 83.38
duty (11 to 16)
18 Total Sales realisation excluding Excise 361888327 107.20 102.24
19 Margin (18-17) 3375905 55382594 16.41 18.86
-53 --
Cost per Kg
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PROFORMA
NAME OF THE COMPANY: GARDEN SILK MILLS LTD.
NAME AND ADDRESS OF THE FACTORY: VARELI, TALUKA PALSANA, DIST. SURAT.
Statement showing summary cost of sales, sales realization and margin in respect of each type of,
Polyester product, produced or manufactured and sold During the year 31-03-2011
Denier/Type/Quality of the Product WDS-004 DRAW WARPING
A Quantitative Information: Kgs
Sr.No Particulars Current Previous
Year Year
1 Quantity Produced 1822105 783602
2 Quantity sold
a) Domestic 1590335 672115
b) Export
3 Closing stock (finished goods) 46937 1622
4 Opening stock (finished goods) 1622 1799
B: Cost Information
Sr.No Particulars Quantity Rate Amount
1 Material Cost :- Current Year Pre Yea
i) Purchased(POY) 1822105 129633446 71.14 66.09ii) Own manufactured
b) Process material
f) Total Material cost 1822105 71.14 129633446 71.14 66.09
2 Conversion Cost 18644739 10.23 8.10
3 Sub Total (1+2) 1822105 81.38 148278185 81.38 74.19
4 Stock Adjustment (work in process)
Opening Stock WIP
Closing Stock WIP
5 Less Credit for Wastages
6 Packing
Material Cost 1585231 0.87 0.85
Others
7 Cost of Production(3+4-5+6) 1822105 82.25 149863416 82.25 75.04
8