STATEMENT 7 : SELECTED FINANCIAL RATIOS - SELECTED FOREIGN DIRECT INVESTMENT COMPANIES - INDUSTRY-WISE, 1996-97 TO 1998-99

(Per cent)

SELECTED FINANCIAL RATIOS

Engineering

Chemicals

(137)

(51)

1996-97

1997-98

1998-99

1996-97

1997-98

1998-99

1

2

3

4

5

6

7

A.

Capital structure ratios

1.

Net fixed assets to total net assets

33.3

35.7

36.0

40.4

44.1

43.8

2.

Net worth to total net assets

37.3

37.5

38.7

46.9

45.3

44.1

3.

Debt to equity

46.5

50.2

51.9

41.7

47.9

39.2

4.

Debt to equity

48.1

52.3

53.6

42.9

49.0

39.9

(equity adjusted for revaluation reserve)

5.

Short term bank borrowings to inventories

50.6

53.1

55.4

41.1

49.2

53.5

6.

Total outside liabilities to net worth

168.3

166.3

158.5

113.4

120.7

126.6

B.

Liquidity ratios

7.

Current assets to current liabilities *

1.4

1.3

1.4

1.6

1.5

1.3

8.

Quick assets to current liabilities

65.5

65.5

72.1

61.0

58.2

55.9

9.

Current assets to total net assets

61.5

58.4

58.1

54.2

50.3

50.0

10.

Sundry creditors to current assets

31.7

32.6

32.5

26.8

25.4

25.8

11.

Sundry creditors to net working capital

119.5

125.8

111.4

70.7

73.5

111.5

C.

Assets utilization and turnover ratios

12.

Sales to total net assets

104.1

97.0

95.7

97.7

87.5

86.6

13.

Sales to gross fixed assets

192.2

166.3

154.8

163.0

138.7

134.5

14.

Inventories to sales

20.6

20.2

19.1

21.8

22.2

20.9

15.

Sundry debtors to sales

22.5

23.8

23.8

16.2

16.9

18.4

16.

Exports to sales

8.3

8.7

9.0

10.2

12.1

10.4

17.

Gross value added to gross fixed assets

47.3

40.2

36.7

40.2

34.7

28.7

18.

Raw materials consumed to value of production

58.9

57.4

56.7

49.7

52.4

51.1

D.

Sources and uses of funds ratios @

19.

Gross fixed assets formation to

total uses of funds

68.6

86.2

68.2

57.5

20.

Gross capital formation to

total uses of funds

70.5

67.2

76.6

57.8

21.

External sources of funds to

total sources of funds

56.4

8.2

70.6

50.0

22.

Increase in bank borrowings to

total external sources

4.5

32.0

17.7

-17.5

23.

Gross savings to gross capital formation

63.7

150.9

39.0

84.8

E.

Profitability and profit allocation ratios

24.

Gross profits to total net assets

12.1

9.1

7.8

12.8

11.2

6.8

25.

Gross profits to sales

11.7

9.3

8.2

13.1

12.8

7.8

26.

Profits after tax to net worth

12.7

9.2

6.4

11.7

10.3

8.3

27.

Tax provision to profits before tax

39.9

36.2

42.2

37.2

36.0

37.3

28.

Profits retained to profits after tax

66.2

64.6

47.7

65.3

59.6

48.4

29.

Dividend to net worth

4.3

3.2

3.4

4.1

4.2

4.3

30.

Ordinary dividend to ordinary paid-up capital

23.2

18.8

19.4

19.4

21.3

21.9

(Per cent)

Tea

Trading

SELECTED FINANCIAL RATIOS

(10)

(14)

1996-97

1997-98

1998-99

1996-97

1997-98

1998-99

1

8

9

10

11

12

13

A.

Capital structure ratios

1.

Net fixed assets to total net assets

59.6

56.1

53.0

76.7

79.0

82.0

2.

Net worth to total net assets

76.4

75.8

75.0

34.1

33.1

28.5

3.

Debt to equity

4.6

4.7

8.4

135.4

148.5

181.7

4.

Debt to equity

12.1

11.1

18.3

135.5

148.5

181.8

(equity adjusted for revaluation reserve)

5.

Short term bank borrowings to inventories

99.1

72.7

32.9

19.3

21.4

22.5

6.

Total outside liabilities to net worth

30.9

32.0

33.4

193.5

202.3

251.3

B.

Liquidity ratios

7.

Current assets to current liabilities *

1.4

1.6

1.9

1.1

1.1

0.9

8.

Quick assets to current liabilities

48.3

61.9

56.2

59.4

56.7

52.6

9.

Current assets to total net assets

27.7

32.0

35.4

21.9

20.0

17.3

10.

Sundry creditors to current assets

26.7

28.9

27.5

36.1

31.4

18.4

11.

Sundry creditors to net working capital

97.3

81.4

58.2

365.8

288.8

#

C.

Assets utilization and turnover ratios

12.

Sales to total net assets

50.0

60.7

61.6

54.7

62.5

54.7

13.

Sales to gross fixed assets

66.6

83.2

86.5

69.5

76.3

63.8

14.

Inventories to sales

14.1

13.5

14.6

13.4

10.9

7.8

15.

Sundry debtors to sales

10.6

7.6

9.8

16.9

12.3

13.2

16.

Exports to sales

11.9

13.3

16.3

8.4

5.5

7.5

17.

Gross value added to gross fixed assets

36.6

48.1

48.4

11.8

11.2

7.1

18.

Raw materials consumed to value of production

7.1

7.2

10.5

73.4

76.1

79.8

D.

Sources and uses of funds ratios @

19.

Gross fixed assets formation to

total uses of funds

26.5

27.1

90.3

95.0

20.

Gross capital formation to

total uses of funds

45.8

43.9

94.3

88.7

21.

External sources of funds to

total sources of funds

5.9

24.6

86.4

84.8

22.

Increase in bank borrowings to

total external sources

-108.9

-49.7

2.8

-1.5

23.

Gross savings to gross capital formation

167.4

168.2

16.2

11.5

E.

Profitability and profit allocation ratios

24.

Gross profits to total net assets

5.8

12.0

11.3

5.0

4.3

2.6

25.

Gross profits to sales

11.6

19.7

18.3

9.2

6.9

4.8

26.

Profits after tax to net worth

1.9

8.6

8.4

10.1

5.8

6.7

27.

Tax provision to profits before tax

56.3

38.4

35.7

15.6

24.3

20.0

28.

Profits retained to profits after tax

-

60.5

62.7

81.8

87.3

89.1

29.

Dividend to net worth

2.1

3.4

3.1

1.8

0.7

0.7

30.

Ordinary dividend to ordinary paid-up capital

21.7

37.3

35.7

4.4

1.8

1.9

(Per cent)

SELECTED FINANCIAL RATIOS

All Textiles

Rubber and Rubber Products

(11)

(4)

1996-97

1997-98

1998-99

1996-97

1997-98

1998-99

1

14

15

16

17

18

19

A.

Capital structure ratios

1.

Net fixed assets to total net assets

62.7

65.5

64.7

31.8

36.6

37.0

2.

Net worth to total net assets

34.4

34.3

31.5

33.1

49.4

49.0

3.

Debt to equity

102.9

112.5

119.0

40.3

18.6

15.6

4.

Debt to equity

105.2

116.4

123.1

51.2

23.8

19.2

(equity adjusted for revaluation reserve)

5.

Short term bank borrowings to inventories

94.7

96.2

116.3

95.7

59.3

42.9

6.

Total outside liabilities to net worth

190.3

191.4

217.5

201.9

102.4

103.9

B.

Liquidity ratios

7.

Current assets to current liabilities *

1.1

1.2

1.1

1.2

1.5

1.4

8.

Quick assets to current liabilities

44.6

41.7

43.0

66.2

78.0

76.9

9.

Current assets to total net assets

34.5

32.5

32.6

65.4

61.0

61.0

10.

Sundry creditors to current assets

16.7

13.9

13.0

35.9

36.3

43.8

11.

Sundry creditors to net working capital

130.8

83.6

254.0

189.2

110.1

144.2

C.

Assets utilization and turnover ratios

12.

Sales to total net assets

71.9

69.4

65.3

135.4

128.7

119.0

13.

Sales to gross fixed assets

92.7

83.8

76.4

257.8

224.4

202.9

14.

Inventories to sales

19.4

20.0

21.2

15.5

14.7

17.3

15.

Sundry debtors to sales

14.5

11.7

16.6

24.0

22.5

24.7

16.

Exports to sales

40.5

44.1

43.0

11.4

12.4

10.0

17.

Gross value added to gross fixed assets

19.8

20.0

16.8

47.1

42.4

39.5

18.

Raw materials consumed to value of production

56.0

53.7

55.4

66.4

63.6

63.5

D.

Sources and uses of funds ratios @

19.

Gross fixed assets formation to

total uses of funds

87.3

72.6

75.3

55.4

20.

Gross capital formation to

total uses of funds

97.5

81.0

77.8

86.4

21.

External sources of funds to

total sources of funds

70.9

80.8

32.1

36.1

22.

Increase in bank borrowings to

total external sources

14.3

36.9

-459.6

-26.8

23.

Gross savings to gross capital formation

29.2

26.6

107.0

74.2

E.

Profitability and profit allocation ratios

24.

Gross profits to total net assets

8.1

7.8

4.8

13.2

12.9

11.5

25.

Gross profits to sales

11.3

11.3

7.4

9.7

10.1

9.6

26.

Profits after tax to net worth

2.5

5.2

-

12.1

9.5

9.9

27.

Tax provision to profits before tax

42.8

21.5

#

39.0

32.4

35.4

28.

Profits retained to profits after tax

-

42.7

&

68.4

70.5

70.1

29.

Dividend to net worth

2.7

3.0

2.3

3.8

2.8

3.0

30.

Ordinary dividend to ordinary paid-up capital

8.2

8.5

5.6

33.8

29.3

33.3

For footnotes, please refer to Statement 5.

STATEMENT 8 : SELECTED FINANCIAL RATIOS - SELECTED FOREIGN DIRECT INVESTMENT COMPANIES - TYPE-WISE, 1996-97 TO 1998-99

(Per cent)

SELECTED FINANCIAL RATIOS

Public

Private

(257)

(64)

1996-97

1997-98

1998-99

1996-97

1997-98

1998-99

1

2

3

4

5

6

7

A.

Capital structure ratios

1.

Net fixed assets to total net assets

40.5

42.2

42.3

37.4

35.3

35.1

2.

Net worth to total net assets

40.6

40.2

40.4

40.4

46.0

44.4

3.

Debt to equity

45.2

51.6

51.7

30.4

17.1

15.2

4.

Debt to equity

47.7

54.7

54.3

30.4

17.1

15.2

(equity adjusted for revaluation reserve)

5.

Short term bank borrowings to inventories

53.5

56.8

52.8

84.3

62.0

84.3

6.

Total outside liabilities to net worth

146.2

148.6

147.7

147.8

117.2

125.0

B.

Liquidity ratios

7.

Current assets to current liabilities *

1.3

1.3

1.3

1.3

1.4

1.3

8.

Quick assets to current liabilities

56.1

55.7

55.1

65.4

72.8

71.4

9.

Current assets to total net assets

54.3

51.3

50.6

61.2

63.1

63.0

10.

Sundry creditors to current assets

29.5

29.4

27.8

23.0

22.8

20.3

11.

Sundry creditors to net working capital

118.9

120.9

116.7

100.1

81.2

80.9

C.

Assets utilization and turnover ratios

12.

Sales to total net assets

91.7

83.0

83.3

94.3

98.4

102.5

13.

Sales to gross fixed assets

156.9

137.0

133.2

179.0

185.5

184.6

14.

Inventories to sales

21.8

22.3

21.9

14.1

14.0

12.5

15.

Sundry debtors to sales

19.3

19.4

18.8

20.1

21.7

21.4

16.

Exports to sales

9.8

10.3

9.7

10.3

14.8

14.6

17.

Gross value added to gross fixed assets

39.9

34.9

32.8

62.2

64.5

64.6

18.

Raw materials consumed to value of production

51.5

50.4

48.6

39.6

34.5

33.8

D.

Sources and uses of funds ratios @

19.

Gross fixed assets formation to

total uses of funds

59.2

62.5

41.3

54.7

20.

Gross capital formation to

total uses of funds

67.5

72.0

54.1

57.2

21.

External sources of funds to

total sources of funds

64.2

41.8

52.1

40.4

22.

Increase in bank borrowings to

total external sources

13.5

-9.0

-36.1

43.2

23.

Gross savings to gross capital formation

54.6

83.6

90.8

95.7

E.

Profitability and profit allocation ratios

24.

Gross profits to total net assets

12.0

10.0

8.5

10.6

10.0

10.0

25.

Gross profits to sales

13.1

12.0

10.3

11.2

10.2

9.7

26.

Profits after tax to net worth

12.7

11.7

9.1

12.2

11.3

9.0

27.

Tax provision to profits before tax

36.2

31.5

35.3

35.9

31.7

37.9

28.

Profits retained to profits after tax

65.2

66.9

57.5

81.0

79.8

68.3

29.

Dividend to net worth

4.4

3.9

3.9

2.3

2.3

2.9

30.

Ordinary dividend to ordinary paid-up capital

22.3

20.6

20.9

3.5

3.5

4.6

For footnotes, please refer to Statement 5.