Atul Ltd 2009-10

Corporate Identity Serving Diverse Industries Purpose and Values Overview by the Chairman Operational Highlights Financial Analysis Research and Technology Safety, HealthandEnvironment Serving the Society Directors’ Report Management Discussion andAnalysis Report on Corporate Governance Financial Statements 5 C I F value of imports, remittances, expenditure and earnings in foreign currency (a) C I F value of imports: Raw materials 154.25 190.09 Finished goods - for trading 4.05 8.76 Capital goods 0.80 9.67 (b) Expenditure in foreign currency: Commission 3.80 4.11 Other matters 7.94 5.15 (c) Remittances: Loan repayments 28.24 5.88 (d) Earnings in foreign currency: F O B value of exports 491.25 560.83 6 Managerial Remuneration (a) Calculation of Directors, Managing and Executive Directors’ commission: Computation of Net Profit as per Section 349 of the Companies Act, 1956 Profit as per Profit and Loss Account 56.81 37.87 Add: Managing Directors’ remuneration (including perquisites) 2.41 1.53 Executive I Wholetime Directors’ remuneration (including perquisites) 0.56 0.96 Directors’ commission 0.27 0.12 Depreciation 37.30 31.72 Provision for taxation 22.94 7.82 Provision for diminution in value of investments 0.11 - Payment under VRS scheme 1.82 0.94 65.41 43.09 122.22 80.96 Less: Depreciation under section 350 37.30 31.72 Net Profit as per Section 349 of the Companies Act, 1956 84.92 49.24 (i) Commission to Chairman and Managing Director: 1% of the profit computed above Rs 0.85 crore Maximum upto Rs 0.93 crore 0.85 0.37 Commission to Managing Director: 0.50% of the profit computed above Rs 0.42 crore Maximum upto Rs 0.40 crore 0.40 0.25 1.25 0.62 Schedule forming part of the accounts (Rs crores) SCHEDULE 16 NOTES FORMING PART OF THE ACCOUNTS (contd) 2009-10 2008-09