kampani consultants limitd Management discussions

KAMPANI CONSULTANTS LIMITED ANNUAL REPORT 2010-2011 MANAGEMENT DISCUSSION AND ANALYSIS FINANCIAL RESULTS The summarized financial results for the year are as under :- (in Rs.) Year Ended 31/03/2011 31/03/2010 Income 12,823,123 8,211,702 Expenses 616,609 561,740 Profit before Tax 12,206,514 7,649,962 Less: Provision for Taxation- Current Tax 2,050,000 975,000 Profit after Tax 10,156,514 6,674,962 Add: Balance in Profit & Loss A/c Brought forward 184,087,753 179,269,609 Add: Income-tax Adjustments 111,719 (1,71,992) 194,355,986 185,772,579 Transfer to Reserve Fund in terms of Section 45 IC (1) of RBI Act, 1934 2,050,000 1,335,000 Less: Proposed Dividend 300,000 300,000 Less: Dividend-tax 48,668 49,826 Surplus carried to Balance Sheet 191,957,318 184,087,753 FINANCIAL HIGHLIGHTS Total Income of your Company during the year under review increased by 56% to Rs. 12,823,123/- from Rs. 8,211,702/-. The gross income comprises of dividends, interest on deposits and rentals. The expenses for the year were almost constant at Rs. 616,609/-(previous year Rs. 561,740/-) thus resulting in a profit before tax of Rs. 12,206,514/- against Rs.7,649,962/- in the previous year; an increase of 59% year on year. An amount of Rs.2,050,000 has been transferred to the Reserve Fund in terms of the provisions of Section 45 IC (1) of Reserve Bank of India Act, 1934.