WORKS SPINNING PROJECT R. S. No. 347, Ambapwadi Phata, NH-4, Vadgaon, Tal. Hatkanangale Dist. Kolhapur - 416 112 Phone : ++91- 230-2471230 Fax : ++91- 230-2471229 e-mail – [email protected] WEAVING PROJECT Khotwadi, Opp Parwati Industrial Estate, Ichalkaranji, Dist. Kolhapur WEAVING PROJECT Plot No. T-7, Metro Hi-Tech Co-Op Textile Park, Five Star M.I.D.C Kagal, Dist. Kolhapur HYDRO POWER PROJECT Hydro Power Project, Dam foot Radhanagari Dam, A/p: - Fejiwade, Tal. Radhanagari, Dist. Kolhapur 2 R M MOHITE TEXTILES LTD. 19th Annual Report 2009-2010 Contents Page No. 3 4 R M MOHITE TEXTILES LTD. 19th Annual Report 2009-2010 For and on behalf of Board of Directors, Vadgaon - 416 112 SHIVAJI MOHITE th Date : 17 August, 2010 MANAGING DIRECTOR 5 6 R M MOHITE TEXTILES LTD. 19th Annual Report 2009-2010 7 8 SCHEDULE-5 - FIXED ASSETS Fixed Assets as on 31.03.2010 Rs. in Lacs GROSS BLOCK DEPRECIATION Name of the Gross Block Additions Deductions Gross Block Rate % Depn Depn on Depreciation Total Net Block Net Block Asset As On As On upto Asset For the Year Depn As On As On 01.04.2009 31.03.2010 01.04.2009 Sold 31.03.2010 31.03.2009 Land 57.55 - . - 57.55 - - . - - . - . 57.55 57.55 Kagal MIDC Land 289.43 - . - 289.43 - - . - - . - . 289.43 289.43 Factory Building 2,493.09 106.58 202.52 2,397.15 3.34% 373.56 13.42 83.36 443.50 1,953.65 2,119.53 Plant & Machinery Imported 6,059.87 7.79 - 6,067.66 5.28% 3,323.67 - 320.10 3,643.77 2,423.89 2,736.20 ndigenous 3,010.87 18.94 - 3,029.81 5.28% 1,104.57 - 159.11 1,263.68 1,766.13 1,906.29 Electrical Installation 250.41 1.83 - 252.24 4.75% 77.03 - 11.91 88.94 163.30 173.37 Office Equipment 66.38 4.57 - 70.95 4.75% 26.82 - 3.29 30.11 40.84 39.56 Laboratory Equip. (Imported) 98.81 - . - 98.81 4.75% 41.33 - 4.69 46.02 52.79 57.48 Vehicles 214.01 13.06 - 227.07 9.50% 57.74 - 20.74 78.48 148.59 156.28 Furniture & Fixtures 55.67 12.68 - 68.35 6.33% 29.14 - 3.56 32.70 35.66 26.53 D. G. Sets - Imported 31.88 - . - 31.88 4.75% 10.09 - 1.50 11.60 20.27 21.80 Equipments Below Rs.5000 0.10 - . - 0.10 - 0.10 - - . 0.10 - . - . 12,628.07 165.45 202.52 12,591.00 - 5,044.05 - 608.26 5,638.90 6,952.10 7,584.02 Advance to Machinery - . - . - - - . - - . - . - . - . Capital WIP 2,789.06 1,258.91 - 4,047.97 - - . - - . - . 4,047.97 2,789.06 TOTAL 15,417.13 1,424.36 202.52 - - 608.26 5,638.90 11,000.07 10,373.08 5,044.05 16,638.97 2,092.97 Perivious Year 13,324.14 - - 8,880.82 4,443.33 - 600.73 5,044.06 10,373.07 15,417.12 S h r i M a h a l a x m i C o . O p . B a n R k L t M d . 19 K M o th l h O Annual Report2009-2010 a H p u I r T E T E X T I L E S L T D . 9 10 R M MOHITE TEXTILES LTD. 19th Annual Report 2009-2010 11 12 R M MOHITE TEXTILES LTD. 19th Annual Report 2009-2010 For and on behalf of Board of Directors, Vadgaon - 416 112 RAMCHANDRA MOHITE th Date : 17 August, 2010 CHAIRMAN 13 14 R M MOHITE TEXTILES LTD. 19th Annual Report 2009-2010 15 16 R M MOHITE TEXTILES LTD. 19th Annual Report 2009-2010 17 18 R M MOHITE TEXTILES LTD. 19th Annual Report 2009-2010 19 20 R M MOHITE TEXTILES LTD. 19th Annual Report 2009-2010 21 22 R M MOHITE TEXTILES LTD. 19th Annual Report 2009-2010 23 Category Shareholding Number of shares % 24 For and on behalf of Board of Directors, Vadgaon - 416 112 SHIVAJI MOHITE th Date : 17 August, 2010 MANAGING DIRECTOR 25 AUDITORS' CERTIFICATE ON COMPLIANCE OF CONDITIONS OF CORPORATE GOVERNANCE For MORESHWAR G.DESHPANDE CHARTERED ACCOUNTANTS Moreshwar Deshpande Vadgaon – 416 112 Proprietor 17th August, 2010 Membership No.124163 26 MANAGEMENT DISCUSSION & ANALYSIS 27 28 R M MOHITE TEXTILES LTD. 19th Annual Report 2009-2010 29 R M MOHITE TEXTILES LTD. 19th Annual Report 2009-2010 ANNEXURE TO AUDITOR'S REPORT 31 32 R M MOHITE TEXTILES LTD. 19th Annual Report 2009-2010 For MORESHWAR G. DESHPANDE CHARTERED ACCOUNTANTS Moreshwar Deshpande Vadgaon - 416 112 Proprietor 26th May, 2010 Membership No.124163 33 Proprietor M No. 124163 Vadgaon – 416 112 26th May, 2010 34 36 R M MOHITE TEXTILES LTD. 19th Annual Report 2009-2010 L L A A T T O O T T 37 Rs. In Lacs Particulars As at 31.03.2010 As at 31.03.2009 Nos of Shares 38 Rs. In Lacs Particulars As at 31.03.2010 As at 31.03.2009 39 1 2 (1-2) a 40 R M MOHITE TEXTILES LTD. 19th Annual Report 2009-2010 Rs. In Lacs Particulars As at 31.03.2010 As at 31.03.2009 41 Rs. In Lacs Particulars As at 31.03.2010 As at 31.03.2009 TOTAL TOTAL 42 R M MOHITE TEXTILES LTD. 19th Annual Report 2009-2010 SCHEDULE 21 43 44 45 R M MOHITE TEXTILES LTD. 19th Annual Report 2009-2010 47 48 R M MOHITE TEXTILES LTD. 19th Annual Report 2009-2010 49 50 R M MOHITE TEXTILES LTD. 19th Annual Report 2009-2010 Date Month Year (Amount in Rs. Thousands) (Amount in Rs. Thousands) (as per monetary terms) 40/1 COMBED 100 PERCENT COTTONYARN NEC 40/2 COMBED 100 PERCENT COTTON YARN NEC COTTON FABRICS 51 .