Finances of Non-Government Non-Financial Private Ltd. Companies, 2008-09* This article assesses the financial performance of select non-Government, non-financial private limited companies during 2008-09 based on the analysis of their audited annual accounts. The data are presented at the aggregate level for all the select companies and also for select industries. The aggregate results of the select companies in 2008-09 revealed that the global financial crisis during the year had a significant impact on the performance of the non-Government nonfinancial private limited companies. The growth rates in sales, value of production and manufacturing expenses moderated in 2008-09. The profitability ratios such as profit margin, return on assets and return on shareholders’ equity also declined during 2008-09, as compared to 2007-08. While the growth in sales and value of production were lower, the growth in profits was negative, as compared to 2007-08. The share of external sources of funds (other than own sources) increased further as the internal sources of funds declined due to lower accretion in reserve and surplus in 2008-09. The financial performance of non- Government non-financial private limited companies during the year 2008-09 is analysed in this article based on the audited annual accounts of 1,224 select companies, which closed their accounts during the period April 2008 to March 20091 . The study also presents comparable data for the preceding two years, viz., 2006-07 and 2007-08 for the same set of companies, based on the analysis of their accounts for the respective years. 1. Operational Results 1.1 The sales of the select non-Government non-financial private limited companies registered a lower growth of 12.2 per cent in 2008-09, as against 24.0 per cent growth recorded in the previous year (Table 1 and Statement 1). Manufacturing expenses grew at lower rates of 9.8 per cent as compared with 24.7 per cent, in the previous year. Employees’ remuneration witnessed a lower growth rate of 21.0 per cent in 2008-09 as compared to 28.4 per cent in 2007-08. Depreciation provision grew at lower rates of 14.4 per cent in 2008-09 as compared with 18.8 per cent in the previous year. The interest payments increased at a marginally higher rate of 20.5 per cent as against 20.0 per cent growth recorded in the previous year. The dividend paid increased at higher rate of 42.8 per cent as against 20.5 per cent decline recorded in the previous year. Pretax profits and post-tax profits showed negative growth rate of 9.4 and 21.5 per cent, respectively, during 2008-09, as against a growth of 29.1 per cent observed for both pretax profits and post-tax profits in 2007-2008.
Table 1: Growth Rates and Ratios of Select Items |
(Per cent) |
Item |
2007-08 |
2008-09 |
1 |
2 |
3 |
Growth Rates |
|
|
Sales + |
24.0 |
12.2 |
Value of production |
24.1 |
11.1 |
Manufacturing expenses |
24.7 |
9.8 |
Remuneration to employees |
28.4 |
21.0 |
Depreciation provision |
18.8 |
14.4 |
Gross profits |
23.6 |
2.6 |
Interest |
20.0 |
20.5 |
Profits before tax |
29.1 |
-9.4 |
Tax provision |
29.3 |
14.4 |
Profits after tax |
29.1 |
-21.5 |
Dividend paid |
-20.5 |
42.8 |
Profits retained |
65.2 |
-44.0 |
Ratios |
|
|
Debt to equity |
22.6 |
29.5 |
Current assets to current liabilities |
1.1 |
1.2 |
Sales to total net assets |
105.6 |
101.3 |
Return on assets |
9.3 |
8.1 |
Profit margin |
8.8 |
8.0 |
Return on shareholders equity |
12.5 |
8.0 |
+ Net of ‘rebates and discounts’ and ‘excise duty and cess’ |
1.2 The profit margin of the select 1,224 non-Government non-financial private limited companies declined to 8.0 per cent in 2008-09 as compared to 8.8 per cent in the previous year (Table 1 and Statement 2). Return on assets and return on shareholders’ equity witnessed a sharp decline to 8.1 per cent and 8.0 per cent, respectively, in 2008-09 from 9.3 per cent and 12.5 per cent in 2007- 08. The ratio of ordinary dividends to ordinary paid-up capital increased to 8.0 per cent in 2008-09 from 6.8 per cent in 2007-08. The effective tax rate (tax provision to profits before tax) remained at a similar level of 28.6 per cent in 2008-09.
2. Liabilities and Assets 2.1 The total liabilities/assets of the select non-Government non-financial private limited companies increased by `11,445 crore (17.0 per cent) to `78,806 crore in 2008-09 (Statement 4). Gross fixed assets increased by 16.0 per cent in 2008-09 as compared to 15.4 per cent growth in the previous year. The composition of assets and liabilities is presented in Table 2 and Chart 3. 2.2 The composition of assets and liabilities remained at a similar level in 2008-09, as compared to the previous year. Borrowings (29.3 per cent), trade dues and other current liabilities (24.8 per cent) and Reserves and surplus (21.8 per cent) were the major constituents of total liabilities in 2008-09. The debt-equity ratio increased to 29.5 per cent during 2008-09 from 22.6 per cent in the previous year.
|
2.3 ‘Net fixed assets’ and ‘Loans and advances and other debtor balances’ were the major assets constituting 34.1 per cent and 28.8 per cent of total net assets, respectively, in 2008-09. Inventories formed 13.1 per cent of total net assets during, 2008-09. Investments and cash & bank balances constituted 8.7 per cent and 11.3 per cent, respectively, in 2008-09 as compared to 6.8 per cent and 11.5 per cent of total net assets, in 2007-08. The current ratio (current assets to current liabilities) remained more or less at the same level of 1.2 per cent in 2008-09 as compared to previous year’s ratio of 1.1 per cent.
Table 2: Composition of Assets and Liabilities |
(Per cent) |
Liabilities |
2007-08 |
2008-09 |
Assets |
2007-08 |
2008-09 |
1 |
2 |
3 |
4 |
5 |
6 |
I. Share capital |
19.7 |
21.2 |
I. |
Net fixed assets |
34.7 |
34.1 |
II. Reserves and surplus |
21.1 |
21.8 |
II. |
Inventories |
14.5 |
13.1 |
III. Borrowings |
30.0 |
29.3 |
III. |
Loans and advances and other debtor balances |
29.0 |
28.8 |
Of which, from |
|
|
IV. |
Investments |
6.8 |
8.7 |
Banks |
20.5 |
18.7 |
V. |
Cash and bank balances |
11.5 |
11.3 |
Indian Financial institutions |
1.5 |
1.5 |
VI. |
Other assets |
3.5 |
4.0 |
IV. Trade dues and other current liabilities |
25.9 |
24.8 |
|
|
|
|
V. Others |
3.3 |
2.9 |
|
|
|
|
Total |
100.0 |
100.0 |
Total |
100.0 |
100.0 |
3. Sources and Uses of funds 3.1 The total funds raised by the select companies (net of repayments) were higher by 16.0 per cent at `13,733 crore during 2008-09 as against `11,835 crore raised in the previous year (Statement 5). The composition of sources of funds showed significant variation in 2008-09 as compared to the previous year (Table 3), while composition of uses of funds showed marginal variation (Table 3). Companies continued to rely more on external sources for their funding needs. Further, the share of external sources in total sources increased sharply to 67.4 per cent from 51.3 per cent in 2007-08, mainly due to new capital raised by these companies from external sources. The share of trade dues & current liabilities and borrowings from banks witnessed a decline in 2008-09 as compared to 2007-08. Inter-corporate borrowings which declined during 2007-08 accounted for 4.6 per cent of the funds raised in 2008-09. The share of internal sources (own sources) in total sources of funds decreased sharply from 48.7 per cent in 2007-08 to 32.6 per cent in 2008- 09, due to lower accretion in reserves and surplus. The funds raised during the year 2008-09 were mainly deployed in gross fixed assets (42.4 per cent), loans and advances and other debtor balances (22.8 per cent) and investments (17.0 per cent). The share of inventories declined sharply to 4.2 per cent in 2008-09, as compared to 12.3 per cent in 2007-08, due to sluggish demand. The share of investment doubled to 17.0 per cent during 2008-09 as compared to 8.5 per cent in 2007-08.
Table 3: Composition of Sources and Uses of Funds |
(Per cent) |
Sources of funds |
2007-08 |
2008-09 |
Uses of funds |
2007-08 |
2008-09 |
1 |
2 |
3 |
4 |
5 |
6 |
I. Internal sources |
48.7 |
32.6 |
I. |
Gross fixed assets |
40.9 |
42.4 |
(a) Paid-up capital + |
3.2 |
0.2 |
II. |
Inventories |
12.3 |
4.2 |
(b) Reserves and surplus |
25.3 |
15.1 |
III. |
Loans and advances and other debtor balances |
27.3 |
22.8 |
(c) Provisions |
20.2 |
17.3 |
|
Of which, |
|
|
Of which, |
|
|
|
Sundry debtors |
17.5 |
5.4 |
Depreciation provision |
17.1 |
16.8 |
IV. |
Investments |
8.5 |
17.0 |
II. External sources |
51.3 |
67.4 |
V. |
Cash and bank balances |
13.4 |
7.9 |
(a) Paid-up capital * |
3.1 |
27.0 |
VI. |
Other assets |
-2.4 |
5.7 |
(b) Borrowings |
21.2 |
20.9 |
|
|
|
|
Of which, |
|
|
|
|
|
|
Banks |
14.7 |
6.5 |
|
|
|
|
Indian financial institutions |
1.7 |
1.2 |
|
|
|
|
Companies |
-8.9 |
4.6 |
|
|
|
|
(c) Trade dues and other current liabilities |
26.4 |
15.4 |
|
|
|
|
Of which, |
|
|
|
|
|
|
Sundry creditors |
13.9 |
18.6 |
|
|
|
|
(d) Others |
0.3 |
4.1 |
|
|
|
|
Total |
100.0 |
100.0 |
Total |
100.0 |
100.0 |
+ Includes capitalised reserves and forfeited shares *Includes net issues and premium on shares. |
4. Industry-wise Performance 4.1 The performance of the select companies as reflected by their growth in sales, total net assets and the profit margin for the select industry-groups are given in Table 4 (details are presented in Statements 7 and 8). 4.2 The growth in sales during 2008-09 was higher for the industries like ‘Computer and related activities’ (35.1 per cent), ‘Real estate’ (32.7 per cent), ‘Wearing apparel’ (29.5 per cent) and ‘Food Products and Beverages’ (23.1 per cent). The growth in net assets was higher for ‘Wholesale and retail trade’ (31.8 per cent), ‘Motor vehicles and other transport equipments’ (31.2 per cent) and ‘Fabricated metal products except machinery and equipment’ (30.0 per cent). The profit margin in 2008-09 was high in industries like ‘Real estate’ (36.1 per cent) and ‘Hotels and restaurants’ (31.8 per cent). On the other hand, sales of ‘Cotton textiles’ declined by 25.2 per cent in 2008-09. Profit margin of ‘Motor Vehicles & other transport equipment’ industry and that of ‘Wholesale and retail trading’ declined sharply in 2008-09.
Table 4: Performance of Private Limited Companies -Select Industries, 2007-08 and 2008-09 |
(Per cent) |
Industry/Industry-group |
Number of Compa nies |
Growth in Sales |
Growth in Net Assets |
Profit Margin(Gross Profits to sales) |
2007-08 |
2008-09 |
2007-08 |
2008-09 |
2007-08 |
2008-09 |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
Food Products and Beverages |
53 |
18.1 |
23.1 |
12.7 |
11.0 |
8.5 |
7.5 |
Cotton textiles |
38 |
7.3 |
-25.2 |
32.3 |
-20.3 |
4.0 |
2.8 |
Man-made textiles |
18 |
28.8 |
-3.0 |
12.4 |
9.1 |
6.6 |
6.6 |
Wearing apparel |
19 |
-11.3 |
29.5 |
21.3 |
10.5 |
3.3 |
3.0 |
Chemicals and chemical products |
131 |
19.4 |
7.0 |
19.4 |
16.2 |
11.0 |
13.3 |
Basic chemicals |
34 |
25.8 |
14.1 |
35.4 |
11.3 |
4.3 |
3.1 |
Paper and Paper products |
31 |
14.6 |
15.7 |
10.8 |
5.1 |
5.5 |
5.7 |
Pharmaceuticals and medicines |
28 |
3.7 |
22.4 |
0.2 |
12.0 |
14.5 |
20.0 |
Rubber and Plastic products |
54 |
22.4 |
11.0 |
22.0 |
7.5 |
6.2 |
4.8 |
Fabricated metal products except machinery and equipment |
46 |
5.4 |
2.7 |
13.9 |
30.0 |
8.6 |
9.5 |
Machinery and Machine tools |
92 |
22.4 |
7.7 |
16.2 |
18.8 |
8.6 |
11.6 |
Electrical machinery and apparatus |
51 |
24.2 |
10.4 |
21.4 |
8.9 |
11.8 |
10.1 |
Medical precision and scientific instruments |
20 |
13.4 |
19.5 |
8.4 |
17.6 |
14.3 |
12.4 |
Motor vehicles and other transport equipments |
27 |
37.6 |
-0.1 |
20.3 |
31.2 |
9.7 |
6.3 |
Iron and Steel |
42 |
13.2 |
16.9 |
15.8 |
15.1 |
7.9 |
8.6 |
Construction |
25 |
34.7 |
21.3 |
3.1 |
10.9 |
19.2 |
17.3 |
Wholesale and retail trade |
85 |
20.1 |
18.4 |
37.9 |
31.8 |
17.0 |
10.8 |
Hotels and restaurants |
46 |
-1.3 |
-0.1 |
11.8 |
8.3 |
32.7 |
31.8 |
Real estate activities |
28 |
19.6 |
32.7 |
45.7 |
7.4 |
33.6 |
36.1 |
Computer and related activities |
33 |
19.8 |
35.1 |
20.7 |
26.1 |
9.8 |
12.7 |
5. Foreign Business 5.1 The total earnings in foreign currencies of the select companies decreased by `746 crore (-6.2 per cent) from `12,116 crore in 2007-08 to `11,369 crore in 2008-09 (Statement 6). Exports recorded negative growth (-14.1 per cent) in 2008-09 as against 36.8 per cent growth in the previous year. The export intensity of sales (exports to sales) was lower at 10.9 per cent in 2008-09 as compared to 14.2 per cent in 2007-08. The net outflow in foreign currencies was `5,059 crore in 2008-09, as compared to an outflow of `1,895 crore in 2007-08. 5.2 The total expenditure in foreign currencies increased by 17.3 per cent in 2008-09 as against 29.6 per cent growth recorded in the previous year. Imports registered a sharp deceleration and grew by 15.1 per cent in 2008-09 as against an increase of 32.1 per cent in 2007-08. Imports of raw materials and capital goods accounted for 51.0 per cent and 5.5 per cent of total imports, respectively, in 2008-09 and their share were similar (51.0 per cent and 4.5 per cent, respectively), in 2007-08. 6. Conclusion 6.1 The consolidated results of the select 1,224 non-Government non-financial private limited companies revealed that the growth rates in sales, value of production, manufacturing expenses, remuneration to employees, etc. were significantly lower in 2008-09 than in 2007-08. This clearly indicates that the global financial crisis, which occurred in 2008-09, had a significant impact on the performance of the non- Government non-financial private limited companies. Gross profits recorded significantly lower growth during the year 2008-09 while pre-tax profits and post-tax profits recorded negative growth when compared to the growth rates of these variables in 2007-08. Return on assets (gross profits to total net assets), profit margin (gross profits to sales) and return on shareholders’ equity (profit after tax to net worth) decreased during the year under review, on account of decline in profits. The select companies recorded marginal growth in assets formation in 2008-09. External sources (other than own sources) continued to form major source of financing and its share further increased from 51.3 per cent in 2007-08 to 67.4 per cent in 2008-09. Gross savings to gross capital formation ratio of the select companies decreased marginally in 2008-09.
Statement 1: Growth Rates of the Select Items of the Select 1,224 Non-Government, Non-Financial Private Limited Companies – 2007-08 and 2008-09 |
(Per cent) |
Item |
2007-08 |
2008-09 |
1 |
2 |
3 |
1 |
Sales+ |
24.0 |
12.2 |
2 |
Value of production |
24.1 |
11.1 |
3 |
Total Income |
24.7 |
11.2 |
4 |
Manufacturing expenses |
24.7 |
9.8 |
5 |
Remuneration to employees |
28.4 |
21.0 |
6 |
Depreciation provision |
18.8 |
14.4 |
7 |
Gross profits |
23.6 |
2.6 |
8 |
Interest |
20.0 |
20.5 |
9 |
Operating profits |
24.6 |
-2.2 |
10 |
Non-operating surplus/deficit |
# |
-141.7 |
11 |
Profits before tax |
29.1 |
-9.4 |
12 |
Tax provision |
29.3 |
14.4 |
13 |
Profits after tax |
29.1 |
-21.5 |
14 |
Dividend paid |
-20.5 |
42.8 |
15 |
Profits retained |
65.2 |
-44.0 |
16 |
Gross saving |
37.5 |
-13.8 |
17 |
(a) Gross value added |
28.3 |
6.4 |
|
(b) Net value added |
30.5 |
4.7 |
18 |
Net worth @ |
16.1 |
23.2 |
19 |
Total borrowings @ |
14.2 |
14.2 |
|
Of which, from banks @ |
14.4 |
6.4 |
20 |
Trade dues and other current liabilities @ |
22.1 |
12.1 |
21 |
(a) Gross fixed assets @ |
15.4 |
16.0 |
|
(b) Net fixed assets @ |
13.9 |
15.0 |
22 |
Inventories @ |
17.5 |
6.0 |
23 |
(a) Gross physical assets @ |
15.8 |
13.9 |
|
(b) Net physical assets @ |
15.0 |
12.4 |
24 |
(a) Total gross assets @ |
17.3 |
17.1 |
|
(b) Total net assets @ |
17.1 |
17.0 |
25 |
Total earnings in foreign currencies |
32.5 |
-6.2 |
|
Of which, Exports |
36.8 |
-14.1 |
26 |
Total expenditure in foreign currencies |
29.6 |
17.3 |
|
Of which, Imports |
32.2 |
15.1 |
Note: Rates of growth of all the items are adjusted for changes due to amalgamation of companies. + Net of ‘rebates and discounts’ and excise duty and cess @ Adjusted for revaluation, etc. # Denominator is negative or nil or negligible. |
Statement 2: Select Financial Ratios of the Select 1,224 Non-Government, Non-Financial Private Limited Companies - 2007-08 and 2008-09 |
(Per cent) |
Select |
Financial Ratios |
2006-07 |
2007-08 |
2008-09 |
|
1 |
2 |
3 |
4 |
A. |
Capital structure ratios |
|
|
|
1 |
Net fixed assets to total net assets |
35.4 |
34.7 |
34.1 |
2 |
Net worth to total net assets |
40.9 |
40.8 |
43.0 |
3 |
Debt to equity |
22.1 |
22.6 |
29.5 |
4 |
Debt to equity (equity adjusted for revaluation reserve) |
22.5 |
23.2 |
30.2 |
5 |
Short-term bank borrowings to inventories |
100.1 |
105.5 |
79.8 |
6 |
Total outside liabilities to net worth |
144.7 |
145.1 |
132.7 |
B. |
Liquidity ratios |
|
|
|
7 |
Current assets to current liabilities+ |
1.1 |
1.1 |
1.2 |
8 |
Quick assets to current liabilities |
57.3 |
59.6 |
62.5 |
9 |
Current assets to total net assets |
54.8 |
55.8 |
53.6 |
10 |
Sundry creditors to current assets |
25.8 |
25.9 |
29.1 |
11 |
Sundry creditors to net working capital |
287.7 |
238.2 |
162.0 |
C. |
Assets utilisation and turnover ratios |
|
|
|
12 |
Sales to total net assets |
100.2 |
105.6 |
101.3 |
13 |
Sales to gross fixed assets |
182.5 |
195.9 |
188.9 |
14 |
Inventories to sales |
14.5 |
13.7 |
13.0 |
15 |
Sundry debtors to sales |
16.8 |
16.5 |
15.6 |
16 |
Exports to sales |
12.9 |
14.2 |
10.9 |
17 |
Gross value added to gross fixed assets |
38.7 |
43.0 |
39.3 |
18 |
Raw materials consumed to value of production |
57.9 |
57.7 |
56.7 |
D. |
Sources and uses of funds ratios @ |
|
|
|
19 |
Gross fixed assets formation to total uses of funds |
|
40.9 |
42.4 |
20 |
Gross capital formation to total uses of funds |
|
53.2 |
46.6 |
21 |
External sources of funds to total sources of funds |
|
51.3 |
67.4 |
22 |
Increase in bank borrowings to total external sources |
|
28.7 |
9.6 |
23 |
Gross savings to gross capital formation |
|
83.9 |
71.1 |
E. |
Profitability and profit allocation ratios |
|
|
|
24 |
Gross profits to total net assets |
8.8 |
9.3 |
8.1 |
25 |
Gross profits to sales |
8.8 |
8.8 |
8.0 |
26 |
Profits after tax to net worth |
11.4 |
12.5 |
8.0 |
27 |
Tax provision to profits before tax* |
27.7 |
28.7 |
28.6 |
28 |
Profits retained to profits after tax* |
67.7 |
79.3 |
74.1 |
29 |
Dividends to net worth |
4.8 |
3.3 |
3.8 |
30 |
Ordinary dividends to ordinary paid-up capital |
9.2 |
6.8 |
8.0 |
+ : Item B.7 is the actual ratio of current assets to current liabilities. @ : Adjusted for revaluation, etc. * : Tax provision includes corporate, Fringe benefit, Wealth & dividend tax and Profit before tax is net of profit and losses before tax, calculated for profitmaking companies during the year. |
Statement 3: Combined Income, Value of Production, Expenditure and Appropriation Accounts of the Select 1,224 Non-Government Non-Financial Private Limited Companies – 2007-08 and 2008-09 |
(` Lakh) |
Item |
All companies (1224) |
|
2006-07 |
2007-08 |
2008-09 |
1 |
2 |
3 |
4 |
Income and Value of Production |
|
|
|
1 Sales + |
57,35,148 |
71,11,610 |
79,82,493 |
2 Increase(+) or decrease(-) in value of stock of finished goods and work in progress |
48,433 |
67,134 |
-3,448 |
3 Value of production (1+2) |
57,83,581 |
71,78,744 |
79,79,045 |
4 Other income |
148,892 |
200,208 |
2,64,106 |
Of which, (a) Dividends |
10,797 |
11,939 |
12,338 |
(b) Interest |
44,603 |
61,187 |
75,880 |
(c) Rent |
7,379 |
6,341 |
15,196 |
5 Non-operating surplus(+)/ deficit(-) |
6,627 |
26,672 |
-11,124 |
6 Total (3+4+5) |
59,39,099 |
74,05,623 |
82,32,027 |
Expenditure and Appropriations |
|
|
|
7 Raw materials, components, etc. consumed |
33,49,645 |
41,38,939 |
45,26,110 |
8 Stores and spares consumed |
1,20,138 |
1,39,626 |
1,79,855 |
9 Power and fuel |
2,46,258 |
3,13,338 |
3,20,133 |
10 Other manufacturing expenses |
2,26,190 |
3,23,571 |
3,71,918 |
11 Salaries, wages and bonus |
3,96,290 |
5,20,376 |
6,32,344 |
12 Provident fund |
25,844 |
31,786 |
39,104 |
13 Employees’ welfare expenses |
43,834 |
46,142 |
52,423 |
14 Managerial remuneration |
20,765 |
24,963 |
29,391 |
15 Royalty |
22,263 |
28,472 |
26,836 |
16 Repairs to buildings |
9,824 |
12,350 |
15,779 |
17 Repairs to machinery |
25,025 |
31,037 |
32,569 |
18 Bad debts |
13,325 |
12,903 |
14,923 |
19 Selling commission |
21,301 |
23,137 |
25,106 |
20 Rent |
44,402 |
65,884 |
79,697 |
21 Rates and taxes |
22,224 |
20,061 |
27,307 |
22 Advertisement |
78,495 |
1,03,195 |
1,15,599 |
23 Insurance |
15,587 |
15,967 |
17,063 |
24 Research and development |
2,527 |
4,816 |
1,832 |
25 Other expenses |
5,02,827 |
6,11,190 |
7,64,906 |
26 Depreciation provision |
2,29,451 |
2,72,621 |
3,11,819 |
27 Other provisions (other than tax and depreciation) |
10,839 |
13,986 |
17,757 |
28 Gross profits |
5,05,420 |
6,24,596 |
6,40,682 |
29 Less: Interest |
1,10,008 |
1,32,035 |
1,59,064 |
30 Operating profits |
3,95,412 |
4,92,561 |
4,81,618 |
31 Non-operating surplus(+)/ deficit(-) |
6,627 |
26,672 |
-11,124 |
32 Profits before tax |
4,02,039 |
5,19,233 |
4,70,494 |
33 Less: Tax provision |
1,35,100 |
1,74,675 |
1,99,849 |
34 Profits after tax |
2,66,939 |
3,44,558 |
2,70,644 |
35 Dividends |
1,12,418 |
89,346 |
1,27,602 |
(a) Ordinary |
1,10,992 |
87,389 |
1,27,262 |
(b) Preference |
1,426 |
1,957 |
340 |
36 Profits retained |
1,54,521 |
2,55,212 |
1,43,042 |
37 Total (7 to 28 + 31) |
59,39,100 |
74,05,623 |
82,32,027 |
+ Net of ‘rebates and discounts’ and ‘excise duty and cess’ |
Statement 4: Combined Balance Sheet of the Select 1,224 Non-Government, Non Financial Private Limited Companies – 2007-08 and 2008-09 |
(` Lakh) |
Capital and Liabilities |
All companies (1224) |
2006-07 |
2007-08 |
2008-09 |
1 |
2 |
3 |
4 |
A. |
Share capital |
13,08,251 |
13,28,942 |
16,68,697 |
|
1 Paid-up capital |
13,08,196 |
13,28,883 |
16,68,637 |
|
(a) Ordinary |
12,11,642 |
12,79,234 |
15,82,101 |
|
Of which, bonus |
81,240 |
1,18,518 |
1,21,185 |
|
(b) Preference |
96,554 |
49,649 |
86,536 |
|
2 Forfeited shares |
55 |
60 |
60 |
B. |
Reserves and surplus |
10,30,372 |
14,19,407 |
17,18,424 |
|
3 Capital reserve |
2,69,745 |
3,66,537 |
4,59,639 |
|
Of which, premium on shares |
1,73,841 |
2,27,804 |
2,61,369 |
|
4 Investment allowance reserve |
353 |
366 |
481 |
|
5 Sinking funds |
135 |
130 |
137 |
|
6 Other reserves |
7,60,139 |
10,52,374 |
12,58,167 |
C. |
Borrowings |
17,70,038 |
20,20,701 |
23,07,107 |
|
7 Debentures @ |
11,024 |
8,387 |
46,754 |
|
8 Loans and advances |
17,50,133 |
20,01,024 |
22,49,883 |
|
(a) From banks |
12,08,691 |
13,83,149 |
14,72,291 |
|
Of which, short-term borrowings |
8,31,781 |
10,29,770 |
8,25,870 |
|
(b) From other Indian financial institutions |
82,012 |
1,01,912 |
1,19,026 |
|
(c) From foreign institutional agencies |
13,397 |
4,737 |
2,941 |
|
(d) From Government and semi-Government bodies |
12,950 |
17,406 |
19,064 |
|
(e) From companies |
1,82,378 |
77,524 |
1,40,201 |
|
(f) From others |
2,50,705 |
4,16,296 |
4,96,361 |
|
9 Deferred payments |
2,196 |
3,558 |
1,175 |
|
10 Public deposits |
6,685 |
7,732 |
9,295 |
|
Of total borrowings, debt |
5,16,592 |
6,21,277 |
10,00,317 |
D. |
Trade dues and other current liabilities |
14,28,767 |
17,44,641 |
19,56,515 |
|
11 Sundry creditors |
8,10,209 |
9,74,811 |
12,30,291 |
|
12 Acceptances |
22,942 |
38,058 |
54,862 |
|
13 Liabilities to companies |
38,580 |
31,815 |
38,882 |
|
14 Advances/ deposits from customers, agents, etc. |
2,68,121 |
3,37,117 |
3,88,070 |
|
15 Interest accrued on loans |
3,759 |
3,254 |
8,320 |
|
16 Others |
2,85,156 |
3,59,587 |
2,36,090 |
E. |
Provisions |
1,85,020 |
2,22,184 |
2,29,815 |
|
17 Taxation (net of advance of income-tax) |
48,431 |
45,568 |
26,847 |
|
18 Dividends |
43,357 |
53,215 |
82,534 |
|
19 Other current provisions |
79,168 |
1,07,598 |
93,598 |
|
20 Non-current provisions |
14,064 |
15,803 |
26,835 |
F. |
21 Miscellaneous non-current liabilities |
1 |
192 |
8 |
|
22 TOTAL |
57,22,449 |
67,36,067 |
78,80,565 |
@ Includes privately placed debentures. |
Statement 4: Combined Balance Sheet of the Select 1,224 Non-Government, Non-Financial Private Limited Companies - 2007-08 and 2008-09 (Concld.) |
(` Lakh) |
Assets |
All companies (1224) |
2006-07 |
2007-08 |
2008-09 |
1 |
2 |
3 |
4 |
G. |
Gross fixed assets |
31,42,047 |
36,30,547 |
42,24,757 |
|
23 Land |
1,45,872 |
1,98,854 |
2,21,180 |
|
24 Buildings |
4,16,301 |
5,15,336 |
6,14,665 |
|
25 Plant and machinery |
20,90,106 |
22,83,763 |
25,86,356 |
|
26 Capital work-in-progress |
1,38,440 |
2,37,601 |
3,10,866 |
|
27 Furniture, fixtures and office equipments |
1,93,766 |
2,19,657 |
2,55,935 |
|
28 Others |
1,57,561 |
1,75,337 |
2,35,755 |
H. |
29 Depreciation |
11,17,715 |
12,93,049 |
15,33,894 |
I. |
30 Net fixed assets |
20,24,332 |
23,37,498 |
26,90,864 |
J. |
Inventories |
8,30,749 |
9,76,306 |
10,34,497 |
|
31 Raw materials, components, etc. |
2,65,324 |
3,09,042 |
3,31,613 |
|
32 Finished goods |
2,23,024 |
2,72,901 |
2,68,426 |
|
33 Work-in-progress |
2,05,460 |
2,22,715 |
2,23,743 |
|
34 Stores and spares |
58,645 |
66,932 |
71,607 |
|
35 Others |
78,296 |
1,04,716 |
1,39,108 |
K. |
Loans and advances and other debtor balances |
16,32,753 |
19,56,038 |
22,69,832 |
|
36 Sundry debtors |
9,63,804 |
11,71,011 |
12,44,513 |
|
37 Loans and advances |
4,17,361 |
5,35,585 |
7,01,370 |
|
(a) To subsidiaries and companies under the same management |
33,960 |
63,200 |
70,801 |
|
(b) Others |
3,83,401 |
4,72,385 |
6,30,569 |
|
38 Interest accrued on loans and advances |
8,485 |
10,544 |
13,148 |
|
39 Deposits/balances with Government/ others |
1,24,186 |
1,35,888 |
2,01,915 |
|
40 Others |
1,18,919 |
1,03,011 |
1,08,886 |
L. |
Investments |
3,55,417 |
4,56,459 |
6,89,345 |
|
Of which, quoted investments |
51,648 |
49,357 |
34,362 |
|
41 Foreign |
341 |
306 |
632 |
|
42 Indian |
3,55,076 |
4,56,153 |
6,88,714 |
|
(a) Government/semi-Government securities |
4,370 |
10,404 |
2,408 |
|
(b) Securities of Financial Institutions |
74,745 |
79,404 |
1,76,788 |
|
(c) Industrial securities |
1,22,991 |
1,37,101 |
2,19,103 |
|
(d) Shares and debentures of subsidiaries |
87,120 |
87,703 |
1,99,429 |
|
(e) Others |
65,851 |
1,41,541 |
90,986 |
M. |
43 Advance of income-tax (net of tax provision) |
|
|
|
N. |
Other assets |
2,59,541 |
2,31,821 |
3,09,116 |
|
44 Immovable property |
4,661 |
9,025 |
12,953 |
|
45 Intangible assets |
2,52,267 |
2,22,271 |
1,77,713 |
|
46 Miscellaneous non-current assets |
2,613 |
525 |
1,18,450 |
O. |
Cash and bank balances |
6,19,656 |
7,77,944 |
8,86,911 |
|
47 Fixed deposits with banks |
4,34,479 |
5,59,402 |
6,65,638 |
|
48 Other bank balances |
1,60,896 |
2,05,712 |
2,08,998 |
|
49 Cash in hand |
24,281 |
12,831 |
12,274 |
|
50 TOTAL (I to O) |
57,22,449 |
67,36,067 |
78,80,565 |
Statement 5: Sources and Uses of Funds of the Select 1,224 Non-Government Non-Financial Private Limited Companies – 2007-08 and 2008-09 |
(` Lakh) |
Sources of Funds |
All companies (1224) |
2007-08 |
2008-09 |
1 |
2 |
3 |
Internal Sources |
5,76,515 |
4,48,179 |
A. 1 Paid-up capital# |
37,440 |
2,667 |
B. Reserves and Surplus |
2,99,441 |
2,07,442 |
2 Capital reserve |
8,282 |
3,792 |
3 Investment allowance reserve |
-32 |
115 |
4 Sinking funds |
-6 |
7 |
5 Other reserves |
2,91,196 |
2,03,529 |
C. Provisions |
2,39,635 |
2,38,070 |
6 Depreciation |
2,02,471 |
2,30,439 |
7 Taxation (net of advance of income tax) |
-2,863 |
-18,721 |
8 Dividends |
9,857 |
29,319 |
9 Other current provisions |
28,430 |
-14,000 |
10 Non-current provisions |
1,739 |
11,032 |
External Sources |
6,07,002 |
9,25,152 |
D. Paid-up capital |
37,062 |
3,71,191 |
11 Net issues |
-16,901 |
3,37,396 |
12 Premium on shares |
53,963 |
33,795 |
E. 13 Capital receipts |
3,490 |
55,866 |
F. Borrowings |
2,50,513 |
2,86,405 |
14 Debentures |
-2,637 |
38,367 |
15 Loans and advances |
2,50,741 |
2,48,859 |
(a) From banks |
1,74,366 |
89,142 |
(b) From other Indian financial institutions |
19,901 |
17,114 |
(c) From foreign institutional agencies |
-8,660 |
-1,796 |
(d) From Government and semi-Government bodies |
4,455 |
1,658 |
(e) From companies |
-104,854 |
62,677 |
(f) From others |
1,65,533 |
80,065 |
16 Deferred payments |
1,362 |
-2,384 |
17 Public deposits |
1,047 |
1,563 |
G. Trade dues and other current liabilities |
3,15,746 |
2,11,874 |
18 Sundry creditors |
1,64,564 |
2,55,480 |
19 Acceptances |
15,116 |
16,804 |
20 Liabilities to companies |
-6,765 |
7,067 |
21 Advances/ deposits from customers, agents, etc. |
68,996 |
50,953 |
22 Interest accruded on loans |
-505 |
5,066 |
23 Others |
74,340 |
-123,497 |
H. 24 Miscellaneous non-current liabilities |
191 |
-184 |
25 TOTAL |
11,83,517 |
13,73,331 |
# Capitalized reserves and forfeited shares; the changes consequent on amalgamation of companies and reduction in the value of paid-up capital are also included here. Note: This statement is derived from statement 4. Figures have been adjusted for revaluation, etc., wherever necessary. |
Statement 5: Sources and Uses of Funds of the Select 1,224 Non-Government Non-Financial Private Limited Companies - 2007-08 and 2008-09 (Concld.) |
(` Lakh) |
Uses of Funds |
All companies (1224) |
2007-08 |
2008-09 |
1 |
2 |
3 |
I. |
Gross fixed assets |
4,83,858 |
5,81,807 |
|
26 Land |
52,955 |
16,496 |
|
27 Buildings |
98,492 |
99,731 |
|
28 Plant and machinery |
1,90,812 |
3,06,262 |
|
29 Capital work-in-progress |
98,074 |
73,265 |
|
30 Furniture, fixtures and office equipments |
25,877 |
25,807 |
|
31 Others |
17,647 |
60,246 |
J. |
Inventories |
1,45,476 |
58,191 |
|
32 Raw materials, components, etc. |
43,718 |
22,571 |
|
33 Finished goods |
49,878 |
-4,475 |
|
34 Work-in-progress |
17,174 |
1,027 |
|
35 Stores and spares |
8,286 |
4,675 |
|
36 Others |
26,420 |
34,392 |
K. |
Loans and advances and other debtor balances |
3,23,157 |
3,13,794 |
|
37 Sundry debtors |
2,07,084 |
73,502 |
|
38 Loans and advances |
1,18,220 |
1,65,785 |
|
a) To subsidiaries and companies under the same management |
29,240 |
7,601 |
|
b) Others |
88,981 |
1,58,184 |
|
39 Interest accrued on loans and advances |
2,059 |
2,604 |
|
40 Deposits/balances with Government/ others |
11,702 |
66,027 |
|
41 Others |
-15,908 |
5,876 |
L. |
42 Investments |
1,00,746 |
2,32,887 |
M. |
43 Other assets |
-27,722 |
77,686 |
N. |
44 Cash and bank balances |
1,58,003 |
1,08,966 |
|
45 Total |
11,83,517 |
13,73,331 |
Statement 6: Earnings/Expenditure in Foreign Currencies of the Select 1,224 Non-Government, Non-Financial Private Limited Companies – 2007-08 and 2008-09 |
(` Lakh) |
Item |
(487) |
(526) |
(477) |
2006-07 |
2007-08 |
2008-09 |
1 |
2 |
3 |
4 |
I. |
Expenditure in foreign currencies |
10,81,056 |
14,01,057 |
16,42,806 |
|
(a) Imports (on c.i.f. basis) |
9,59,156 |
12,67,646 |
14,59,026 |
|
of which: i) Raw materials |
5,95,856 |
6,46,710 |
7,44,065 |
|
ii) Capital goods |
59,392 |
57,162 |
79,699 |
|
iii) Stores and spares |
14,397 |
20,379 |
18,769 |
|
(b) Other expenditure in foreign currencies |
1,21,899 |
1,33,411 |
1,83,781 |
II. |
Earnings in foreign currencies |
9,14,626 |
12,11,581 |
11,36,937 |
|
of which: Exports (on f.o.b. basis) |
7,39,799 |
10,12,217 |
8,69,395 |
III. |
Net inflow (+) / outflow (-) in foreign currencies |
-166,430 |
-189,476 |
-5,05,870 |
Memo (growth rates in Per cent) |
|
|
|
Total earnings in foreign currencies |
|
32.5 |
-6.2 |
Of which, Exports |
|
36.8 |
-14.1 |
Total expenditure in foreign currencies |
|
29.6 |
17.3 |
Of which, Imports |
|
32.2 |
15.1 |
Figures in bracket denote number of companies reporting import/ export transactions. |
Statement 7: Growth Rates of the Select Items of the Select 1,224 Non-Government Non-Financial Private Limited Companies - 2007-08 and 2008-09 |
(Per Cent) |
Item |
Tea Plantations (18) |
Mining and Quarrying (12) |
Food Products and Beverages (53) |
2007-08 |
2008-09 |
2007-08 |
2008-09 |
2007-08 |
2008-09 |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
1 |
Sales+ |
-7.3 |
39.9 |
6.0 |
11.4 |
18.1 |
23.1 |
2 |
Value of production |
-6.2 |
40.6 |
5.9 |
13.0 |
17.0 |
22.6 |
3 |
Total Income |
-4.4 |
37.0 |
8.6 |
13.2 |
17.7 |
21.4 |
4 |
Manufacturing expenses |
-4.3 |
34.2 |
6.2 |
-1.5 |
15.6 |
24.4 |
5 |
Remuneration to employees |
4.9 |
15.0 |
14.1 |
17.3 |
16.2 |
20.7 |
6 |
Depreciation provision |
7.9 |
7.3 |
0.3 |
15.7 |
27.3 |
17.0 |
7 |
Gross profits |
-32.2 |
101.2 |
32.0 |
72.8 |
49.2 |
9.4 |
8 |
Interest |
-7.8 |
33.5 |
63.0 |
# |
1.4 |
25.8 |
9 |
Operating profits |
-68.2 |
# |
30.6 |
53.5 |
54.1 |
8.3 |
10 |
Non-operating surplus/deficit |
-0.6 |
57.4 |
# |
-33.2 |
# |
# |
11 |
Profits before tax |
-61.1 |
301.8 |
75.0 |
30.9 |
60.3 |
3.0 |
12 |
Tax provision |
5.2 |
102.5 |
79.7 |
-0.5 |
31.8 |
37.3 |
13 |
Profits after tax |
-71.2 |
413.0 |
72.1 |
51.5 |
82.1 |
-15.9 |
14 |
Dividend paid |
9.2 |
11.4 |
5.5 |
-58.5 |
-65.8 |
90.8 |
15 |
Profits retained |
-76.3 |
# |
74.7 |
54.0 |
# |
-44.6 |
16 |
Gross saving |
-32.4 |
94.9 |
32.9 |
37.8 |
# |
-22.9 |
17 |
(a) Gross value added |
-6.1 |
33.4 |
50.1 |
23.2 |
48.5 |
8.4 |
|
(b) Net value added |
-7.8 |
37.1 |
69.3 |
24.9 |
53.2 |
6.8 |
18 |
Net worth @ |
2.2 |
7.3 |
34.6 |
39.5 |
16.7 |
9.0 |
19 |
Total borrowings @ |
11.2 |
8.3 |
108.2 |
-10.1 |
21.4 |
16.8 |
|
Of which, from banks @ |
15.5 |
10.2 |
92.6 |
-67.6 |
44.4 |
6.8 |
20 |
Trade dues and other current liabilities @ |
6.4 |
19.3 |
6.3 |
-10.2 |
24.1 |
1.2 |
21 |
(a) Gross fixed assets @ |
7.6 |
8.7 |
12.3 |
7.5 |
23.6 |
17.7 |
|
(b) Net fixed assets @ |
3.7 |
5.7 |
22.5 |
4.3 |
27.1 |
18.3 |
22 |
Inventories @ |
-0.3 |
4.7 |
-12.3 |
48.9 |
24.2 |
0.2 |
23 |
(a) Gross physical assets @ |
5.2 |
7.5 |
10.7 |
9.6 |
23.8 |
12.5 |
|
(b) Net physical assets @ |
2.0 |
5.3 |
17.5 |
9.1 |
25.9 |
10.9 |
24 |
(a) Total gross assets @ |
6.9 |
9.7 |
31.9 |
5.2 |
13.6 |
11.8 |
|
(b) Total net assets @ |
6.0 |
9.3 |
48.7 |
3.1 |
12.7 |
11.0 |
25 |
Total earnings in foreign currencies |
-12.8 |
27.8 |
-1.3 |
* |
178.5 |
-52.9 |
|
Of which, Exports |
-12.8 |
27.5 |
-23.4 |
* |
180.5 |
-55.2 |
26 |
Total expenditure in foreign currencies |
-11.1 |
33.9 |
162.1 |
# |
61.7 |
-9.4 |
|
Of which, Imports |
-12.4 |
35.2 |
256.4 |
# |
67.6 |
-13.7 |
Note : Figures in bracket represent the number of companies. Rates of growth of all the items are adjusted for changes due to amalgamation of companies. + Net of ‘rebates and discounts’ and ‘excise duty and cess’ @ Adjusted for revaluation, etc. * Numerator is negative or nil or negligible. # Denominator is negative or nil or negligible. & Both numerator and denominator are negative or nil. |
Statement 7: Growth Rates of the Select Items of the 1,224 Non-Government Non-Financial Private Limited Companies – 2007-08 and 2008-09 (Contd.) |
(Per Cent) |
Item |
Cotton Textiles (38) |
Man-made textiles (18) |
Wearing apparels (19) |
2007-08 |
2008-09 |
2007-08 |
2008-09 |
2007-08 |
2008-09 |
1 |
8 |
9 |
10 |
11 |
12 |
13 |
1 |
Sales+ |
7.3 |
-25.2 |
28.8 |
-3.0 |
-11.3 |
29.5 |
2 |
Value of production |
15.9 |
-38.7 |
26.7 |
-2.4 |
-13.3 |
32.6 |
3 |
Total Income |
16.6 |
-37.7 |
25.8 |
7.0 |
-15.2 |
27.2 |
4 |
Manufacturing expenses |
15.9 |
-40.7 |
28.9 |
-4.4 |
-18.9 |
50.2 |
5 |
Remuneration to employees |
-0.7 |
11.8 |
13.4 |
0.2 |
26.3 |
19.9 |
6 |
Depreciation provision |
-13.4 |
18.2 |
14.3 |
0.5 |
8.9 |
11.5 |
7 |
Gross profits |
-8.0 |
-47.2 |
-22.4 |
33.3 |
-80.2 |
20.1 |
8 |
Interest |
35.0 |
-2.5 |
14.8 |
17.5 |
39.5 |
100.1 |
9 |
Operating profits |
-43.5 |
* |
-37.0 |
44.7 |
-86.4 |
-23.0 |
10 |
Non-operating surplus/deficit |
# |
46.6 |
# |
# |
-75.9 |
* |
11 |
Profits before tax |
-25.3 |
* |
2.6 |
208.2 |
-83.6 |
* |
12 |
Tax provision |
-30.9 |
-35.6 |
14.6 |
178.1 |
-49.4 |
-13.4 |
13 |
Profits after tax |
-23.1 |
* |
-0.9 |
218.4 |
-92.5 |
.* |
14 |
Dividend paid |
-56.5 |
276.2 |
114.9 |
-88.9 |
-59.7 |
-58.9 |
15 |
Profits retained |
-22.3 |
* |
-18.5 |
# |
* |
* |
16 |
Gross saving |
-16.5 |
-31.2 |
-4.5 |
167.8 |
-97.1 |
* |
17 |
(a) Gross value added |
2.0 |
-10.3 |
45.4 |
98.7 |
-37.0 |
-17.1 |
|
(b) Net value added |
8.2 |
-19.5 |
52.0 |
114.4 |
-39.9 |
-20.4 |
18 |
Net worth @ |
8.7 |
-1.6 |
13.0 |
24.0 |
-1.0 |
-9.5 |
19 |
Total borrowings @ |
46.9 |
-24.9 |
4.8 |
-5.2 |
41.4 |
30.1 |
|
Of which, from banks @ |
45.2 |
-25.8 |
29.4 |
-3.9 |
65.7 |
-31.8 |
20 |
Trade dues and other current liabilities @ |
44.0 |
-37.4 |
24.3 |
-18.0 |
27.7 |
12.0 |
21 |
(a) Gross fixed assets @ |
11.5 |
11.3 |
10.5 |
6.7 |
12.0 |
1.8 |
|
(b) Net fixed assets @ |
12.5 |
9.5 |
12.8 |
25.9 |
12.8 |
-5.1 |
22 |
Inventories @ |
55.0 |
-57.4 |
9.2 |
-24.5 |
40.7 |
13.1 |
23 |
(a) Gross physical assets @ |
21.8 |
-9.3 |
10.2 |
0.2 |
18.5 |
4.9 |
|
(b) Net physical assets @ |
26.9 |
-18.2 |
11.6 |
9.2 |
22.4 |
2.1 |
24 |
(a) Total gross assets @ |
27.4 |
-13.7 |
11.4 |
3.8 |
19.2 |
10.6 |
|
(b) Total net assets @ |
32.3 |
-20.3 |
12.4 |
9.1 |
21.3 |
10.5 |
25 |
Total earnings in foreign currencies |
# |
-56.0 |
-30.0 |
25.3 |
-15.6 |
21.5 |
|
Of which, Exports |
# |
-57.1 |
-29.9 |
12.6 |
-18.1 |
21.9 |
26 |
Total expenditure in foreign currencies |
19.1 |
-14.5 |
-40.2 |
-20.8 |
130.1 |
-18.3 |
|
Of which, Imports |
-20.7 |
-11.5 |
1.7 |
-21.3 |
103.6 |
-54.5 |
Statement 7: Growth Rates of the Select Items of the Select 1,224 Non-Government Non-Financial Private Limited Companies – 2007-08 and 2008-09 (Contd.) |
(Per Cent) |
Item |
Chemicals and Chemical products (131) |
Basic chemicals (34) |
Paper and Paper Products (31) |
2007-08 |
2008-09 |
2007-08 |
2008-09 |
2007-08 |
2008-09 |
1 |
14 |
15 |
16 |
17 |
18 |
19 |
1 |
Sales+ |
19.4 |
7.0 |
25.8 |
14.1 |
14.6 |
15.7 |
2 |
Value of production |
19.8 |
6.2 |
24.7 |
12.1 |
13.4 |
15.7 |
3 |
Total Income |
24.1 |
2.8 |
41.7 |
-3.6 |
14.1 |
15.8 |
4 |
Manufacturing expenses |
19.3 |
1.6 |
22.6 |
13.8 |
15.6 |
17.4 |
5 |
Remuneration to employees |
26.8 |
10.7 |
30.3 |
7.9 |
16.2 |
8.8 |
6 |
Depreciation provision |
27.0 |
3.2 |
9.7 |
23.7 |
17.2 |
4.6 |
7 |
Gross profits |
14.6 |
29.2 |
16.8 |
-18.3 |
4.3 |
19.8 |
8 |
Interest |
26.2 |
14.4 |
28.1 |
-6.1 |
16.3 |
16.8 |
9 |
Operating profits |
13.1 |
31.3 |
11.3 |
-25.0 |
-7.9 |
23.5 |
10 |
Non-operating surplus/deficit |
# |
* |
# |
-99.2 |
* |
* |
11 |
Profits before tax |
56.3 |
-5.6 |
# |
-88.9 |
-12.7 |
32.0 |
12 |
Tax provision |
40.0 |
13.9 |
167.6 |
-38.6 |
22.1 |
12.6 |
13 |
Profits after tax |
62.4 |
-11.9 |
# |
* |
-26.3 |
44.7 |
14 |
Dividend paid |
0.4 |
-10.7 |
204.1 |
-16.1 |
-80.3 |
65.1 |
15 |
Profits retained |
97.0 |
-12.3 |
# |
* |
-16.2 |
43.8 |
16 |
Gross saving |
65.8 |
-7.0 |
# |
-77.1 |
5.7 |
15.3 |
17 |
(a) Gross value added |
61.1 |
-12.2 |
249.5 |
-62.8 |
8.8 |
14.6 |
|
(b) Net value added |
68.5 |
-14.7 |
# |
-70.4 |
6.2 |
18.1 |
18 |
Net worth @ |
20.9 |
18.7 |
42.2 |
8.8 |
7.2 |
10.2 |
19 |
Total borrowings @ |
11.2 |
22.9 |
4.9 |
57.4 |
10.9 |
8.4 |
|
Of which, from banks @ |
3.0 |
0.6 |
-6.2 |
-8.4 |
9.8 |
13.9 |
20 |
Trade dues and other current liabilities @ |
24.2 |
4.9 |
41.4 |
0.0 |
13.2 |
-7.7 |
21 |
(a) Gross fixed assets @ |
13.6 |
19.3 |
22.2 |
24.8 |
7.5 |
10.5 |
|
(b) Net fixed assets @ |
12.6 |
21.3 |
24.7 |
24.4 |
1.1 |
7.2 |
22 |
Inventories @ |
17.9 |
11.9 |
25.6 |
5.3 |
20.2 |
0.6 |
23 |
(a) Gross physical assets @ |
14.7 |
17.2 |
23.1 |
19.4 |
10.0 |
8.3 |
|
(b) Net physical assets @ |
14.6 |
17.6 |
25.0 |
18.1 |
6.6 |
5.1 |
24 |
(a) Total gross assets @ |
18.8 |
16.2 |
33.5 |
12.5 |
12.4 |
7.3 |
|
(b) Total net assets @ |
19.4 |
16.2 |
35.4 |
11.3 |
10.8 |
5.1 |
25 |
Total earnings in foreign currencies |
31.6 |
12.6 |
15.6 |
188.2 |
10.2 |
-47.1 |
|
Of which, Exports |
34.6 |
7.1 |
46.1 |
225.1 |
10.3 |
-58.0 |
26 |
Total expenditure in foreign currencies |
29.5 |
18.5 |
146.3 |
121.4 |
10.4 |
-4.0 |
|
Of which, Imports |
37.5 |
15.0 |
162.6 |
110.3 |
13.3 |
-1.5 |
Industry groups, viz., ‘Basic chemicals’, ‘Paints and Varnishes’ and ‘Pharmaceuticals and Medicines’ are subgroups of Chemicals and Chemical products’ |
Statement 7: Growth Rates of the Select Items of the Select 1,224 Non-Government Non-Financial Private Limited Companies – 2007-08 and 2008-09 (Contd.) |
(Per Cent) |
Item |
Pharmaceuticals and Medicines (28) |
Rubber and Plastic Products (54) |
Plastic Products (27) |
2007-08 |
2008-09 |
2007-08 |
2008-09 |
2007-08 |
2008-09 |
1 |
20 |
21 |
22 |
23 |
24 |
25 |
1 |
Sales+ |
3.7 |
22.4 |
22.4 |
11.0 |
20.9 |
-5.3 |
2 |
Value of production |
4.5 |
21.8 |
21.5 |
10.7 |
18.7 |
-4.3 |
3 |
Total Income |
6.8 |
22.4 |
21.7 |
7.2 |
17.7 |
-4.9 |
4 |
Manufacturing expenses |
10.1 |
21.9 |
23.0 |
9.0 |
18.3 |
-4.0 |
5 |
Remuneration to employees |
25.4 |
12.8 |
67.6 |
-9.9 |
123.9 |
-44.1 |
6 |
Depreciation provision |
48.8 |
2.8 |
-4.4 |
10.7 |
3.7 |
9.7 |
7 |
Gross profits |
-33.2 |
68.3 |
13.6 |
-14.8 |
43.9 |
12.2 |
8 |
Interest |
37.4 |
18.9 |
28.8 |
46.3 |
24.2 |
35.9 |
9 |
Operating profits |
-41.1 |
81.1 |
7.6 |
-43.6 |
63.6 |
-5.7 |
10 |
Non-operating surplus/deficit |
# |
-18.8 |
242.9 |
* |
-52.3 |
* |
11 |
Profits before tax |
-34.5 |
73.0 |
16.3 |
-51.7 |
49.8 |
-16.7 |
12 |
Tax provision |
-30.9 |
82.8 |
21.3 |
-5.8 |
23.8 |
32.5 |
13 |
Profits after tax |
-35.7 |
69.5 |
14.6 |
-68.1 |
56.2 |
-26.4 |
14 |
Dividend paid |
-0.9 |
-21.4 |
9.6 |
-50.9 |
# |
9.9 |
15 |
Profits retained |
* |
# |
14.8 |
-68.8 |
52.9 |
-27.3 |
16 |
Gross saving |
-27.4 |
146.3 |
5.4 |
-33.3 |
23.7 |
-8.9 |
17 |
(a) Gross value added |
1.4 |
32.1 |
36.1 |
-12.1 |
54.9 |
-18.2 |
|
(b) Net value added |
-7.3 |
40.7 |
47.3 |
-16.2 |
71.7 |
-23.7 |
18 |
Net worth @ |
-4.0 |
13.8 |
13.3 |
3.1 |
19.8 |
8.6 |
19 |
Total borrowings @ |
7.5 |
4.8 |
32.2 |
23.8 |
20.9 |
22.2 |
|
Of which, from banks @ |
2.8 |
2.3 |
30.2 |
22.1 |
26.5 |
17.1 |
20 |
Trade dues and other current liabilities @ |
3.5 |
21.6 |
27.2 |
-9.9 |
17.5 |
-15.9 |
21 |
(a) Gross fixed assets @ |
9.9 |
10.2 |
12.9 |
13.4 |
11.2 |
11.1 |
|
(b) Net fixed assets @ |
4.5 |
5.6 |
13.0 |
13.1 |
11.6 |
10.1 |
22 |
Inventories @ |
12.7 |
11.1 |
36.1 |
-5.6 |
19.3 |
18.6 |
23 |
(a) Gross physical assets @ |
10.5 |
10.4 |
17.8 |
8.8 |
12.4 |
12.3 |
|
(b) Net physical assets @ |
6.8 |
7.2 |
20.0 |
6.6 |
13.4 |
12.1 |
24 |
(a) Total gross assets @ |
3.1 |
13.0 |
20.1 |
8.8 |
17.4 |
9.5 |
|
(b) Total net assets @ |
0.2 |
12.0 |
22.0 |
7.5 |
19.7 |
8.6 |
25 |
Total earnings in foreign currencies |
-4.0 |
10.9 |
10.3 |
-11.1 |
11.9 |
155.1 |
|
Of which, Exports |
-9.8 |
-1.9 |
-3.8 |
-63.3 |
25.9 |
80.3 |
26 |
Total expenditure in foreign currencies |
25.4 |
7.8 |
96.8 |
-13.7 |
105.0 |
120.4 |
|
Of which, Imports |
23.5 |
6.6 |
111.3 |
-15.7 |
111.2 |
167.4 |
Industry group, viz., ‘Plastic products’ is the subgroup of ‘Rubber and Plastic products’ |
Statement 7: Growth Rates of the Select Items of the Select 1,224 Non-Government Non-Financial Private Limited Companies – 2007-08 and 2008-09 (Contd.) |
(Per Cent) |
Item |
Fabricated Metal Products Except Machinery & Equp. (46) |
Machinery and Machine Tools (92) |
Electrical Machinery and apparatus (51) |
2007-08 |
2008-09 |
2007-08 |
2008-09 |
2007-08 |
2008-09 |
1 |
26 |
27 |
28 |
29 |
30 |
31 |
1 |
Sales+ |
5.4 |
2.7 |
22.4 |
7.7 |
24.2 |
10.4 |
2 |
Value of production |
4.9 |
0.8 |
18.2 |
13.2 |
22.2 |
11.0 |
3 |
Total Income |
4.4 |
1.6 |
18.9 |
12.7 |
23.0 |
11.6 |
4 |
Manufacturing expenses |
10.1 |
-3.7 |
18.0 |
11.5 |
5.2 |
17.0 |
5 |
Remuneration to employees |
4.9 |
13.2 |
17.6 |
9.1 |
70.6 |
8.4 |
6 |
Depreciation provision |
1.0 |
0.2 |
4.1 |
1.5 |
96.2 |
-4.4 |
7 |
Gross profits |
-17.1 |
12.4 |
56.2 |
45.0 |
50.7 |
-5.4 |
8 |
Interest |
28.8 |
-2.4 |
9.7 |
38.3 |
45.2 |
6.6 |
9 |
Operating profits |
-29.2 |
19.4 |
67.3 |
46.0 |
51.8 |
-7.6 |
10 |
Non-operating surplus/deficit |
-75.9 |
59.7 |
60.5 |
0.6 |
81.8 |
6.1 |
11 |
Profits before tax |
-32.8 |
20.6 |
66.3 |
39.8 |
55.0 |
-5.8 |
12 |
Tax provision |
-9.8 |
38.5 |
38.6 |
40.9 |
57.6 |
-2.3 |
13 |
Profits after tax |
-43.3 |
7.6 |
86.5 |
39.2 |
53.7 |
-7.7 |
14 |
Dividend paid |
-22.7 |
17.2 |
-21.9 |
52.8 |
49.4 |
-58.8 |
15 |
Profits retained |
-45.4 |
6.1 |
# |
33.4 |
55.2 |
10.5 |
16 |
Gross saving |
-28.6 |
3.1 |
116.6 |
22.9 |
67.9 |
5.1 |
17 |
(a) Gross value added |
-9.6 |
8.8 |
32.6 |
23.4 |
65.2 |
2.3 |
|
(b) Net value added |
-11.2 |
10.3 |
36.4 |
25.6 |
62.5 |
3.0 |
18 |
Net worth @ |
9.4 |
46.0 |
22.3 |
21.7 |
30.7 |
15.0 |
19 |
Total borrowings @ |
13.3 |
36.1 |
33.8 |
50.0 |
19.9 |
2.1 |
|
Of which, from banks @ |
16.1 |
-2.7 |
64.9 |
39.6 |
29.0 |
0.8 |
20 |
Trade dues and other current liabilities @ |
21.3 |
3.4 |
8.8 |
4.9 |
0.7 |
14.4 |
21 |
(a) Gross fixed assets @ |
19.6 |
47.8 |
8.3 |
25.2 |
28.7 |
16.1 |
|
(b) Net fixed assets @ |
21.4 |
68.6 |
14.0 |
32.7 |
27.0 |
14.4 |
22 |
Inventories @ |
3.4 |
-4.5 |
-4.3 |
17.5 |
18.6 |
-3.4 |
23 |
(a) Gross physical assets @ |
15.2 |
35.0 |
2.2 |
21.7 |
25.7 |
10.6 |
|
(b) Net physical assets @ |
14.5 |
43.5 |
2.6 |
23.8 |
23.7 |
7.6 |
24 |
(a) Total gross assets @ |
14.3 |
27.5 |
14.5 |
18.3 |
22.5 |
10.2 |
|
(b) Total net assets @ |
13.9 |
30.3 |
16.2 |
18.8 |
21.4 |
8.9 |
25 |
Total earnings in foreign currencies |
16.1 |
13.5 |
-4.5 |
-8.7 |
77.0 |
-9.6 |
|
Of which, Exports |
17.6 |
-8.1 |
-4.9 |
-10.2 |
78.7 |
-11.5 |
26 |
Total expenditure in foreign currencies |
11.1 |
19.0 |
-29.0 |
4.6 |
28.5 |
-44.7 |
|
Of which, Imports |
14.6 |
17.8 |
-34.2 |
7.2 |
15.1 |
-48.8 |
Statement 7: Growth Rates of the Select Items of the Select 1,224 Non-Government Non-Financial Private Limited Companies – 2007-08 and 2008-09 (Contd.) |
(Per Cent) |
Item |
Medical Precision and Scientific Instruments (20) |
Motor Vehicles and Other Transport Equip. (27) |
Iron and Steel (42) |
2007-08 |
2008-09 |
2007-08 |
2008-09 |
2007-08 |
2008-09 |
1 |
32 |
33 |
34 |
35 |
36 |
37 |
1 |
Sales+ |
13.4 |
19.5 |
37.6 |
-0.1 |
13.2 |
16.9 |
2 |
Value of production |
11.7 |
23.0 |
38.0 |
-0.8 |
13.2 |
16.0 |
3 |
Total Income |
8.1 |
17.8 |
35.9 |
0.4 |
13.7 |
14.9 |
4 |
Manufacturing expenses |
0.7 |
21.7 |
34.0 |
-0.6 |
21.6 |
13.7 |
5 |
Remuneration to employees |
21.8 |
20.4 |
4.3 |
15.5 |
22.2 |
11.9 |
6 |
Depreciation provision |
16.4 |
7.7 |
18.6 |
124.9 |
-13.2 |
15.4 |
7 |
Gross profits |
28.0 |
4.2 |
134.4 |
-35.1 |
-23.0 |
27.8 |
8 |
Interest |
24.2 |
11.0 |
42.6 |
89.8 |
15.5 |
-0.4 |
9 |
Operating profits |
28.5 |
3.4 |
140.6 |
-40.1 |
-30.3 |
36.6 |
10 |
Non-operating surplus/deficit |
-55.5 |
* |
-90.4 |
42.9 |
-12.2 |
-5.9 |
11 |
Profits before tax |
23.2 |
-1.7 |
88.1 |
-39.2 |
-29.5 |
34.1 |
12 |
Tax provision |
25.5 |
-2.0 |
87.4 |
-20.7 |
-2.3 |
65.9 |
13 |
Profits after tax |
21.6 |
-1.5 |
88.5 |
-49.4 |
-38.9 |
16.6 |
14 |
Dividend paid |
-17.8 |
-16.7 |
-14.4 |
54.0 |
-4.5 |
-28.0 |
15 |
Profits retained |
36.4 |
2.0 |
193.5 |
-80.3 |
-40.2 |
19.3 |
16 |
Gross saving |
28.2 |
4.1 |
98.9 |
-14.0 |
-31.4 |
17.7 |
17 |
(a) Gross value added |
19.8 |
9.1 |
27.7 |
-4.6 |
-12.4 |
19.5 |
|
(b) Net value added |
20.2 |
9.3 |
29.5 |
-28.4 |
-12.2 |
20.4 |
18 |
Net worth @ |
16.7 |
19.8 |
18.0 |
61.8 |
20.7 |
21.9 |
19 |
Total borrowings @ |
12.2 |
11.1 |
3.8 |
41.0 |
9.4 |
26.1 |
|
Of which, from banks @ |
17.5 |
8.4 |
9.6 |
41.5 |
20.8 |
35.6 |
20 |
Trade dues and other current liabilities @ |
-8.5 |
20.1 |
36.1 |
-9.8 |
13.6 |
-12.2 |
21 |
(a) Gross fixed assets @ |
10.2 |
10.9 |
-9.9 |
20.3 |
13.8 |
10.8 |
|
(b) Net fixed assets @ |
5.3 |
10.2 |
3.3 |
24.8 |
11.9 |
10.2 |
22 |
Inventories @ |
1.8 |
30.8 |
46.1 |
27.0 |
9.1 |
8.9 |
23 |
(a) Gross physical assets @ |
7.8 |
16.4 |
-1.9 |
21.7 |
12.1 |
10.1 |
|
(b) Net physical assets @ |
3.9 |
18.3 |
14.7 |
25.5 |
10.5 |
9.6 |
24 |
(a) Total gross assets @ |
9.5 |
16.9 |
9.7 |
28.3 |
15.9 |
14.4 |
|
(b) Total net assets @ |
8.4 |
17.6 |
20.3 |
31.2 |
15.8 |
15.1 |
25 |
Total earnings in foreign currencies |
6.1 |
-55.4 |
# |
-4.1 |
-14.0 |
48.9 |
|
Of which, Exports |
-12.1 |
20.3 |
# |
-10.7 |
-17.1 |
51.4 |
26 |
Total expenditure in foreign currencies |
-29.1 |
102.1 |
22.5 |
4.8 |
74.5 |
-45.3 |
|
Of which, Imports |
-26.1 |
34.7 |
18.1 |
2.0 |
82.7 |
-51.4 |
Statement 7: Growth Rates of the Select Items of the Select 1,224 Non-Government Non-Financial Private Limited Companies – 2007-08 and 2008-09 (Contd.) |
(Per Cent) |
Item |
Construction (25) |
Wholesale and Retail trade (85) |
Hotels and Restaurents (46) |
2007-08 |
2008-09 |
2007-08 |
2008-09 |
2007-08 |
2008-09 |
1 |
38 |
39 |
40 |
41 |
42 |
43 |
1 |
Sales+ |
34.7 |
21.3 |
20.1 |
18.4 |
-1.3 |
-0.1 |
2 |
Value of production |
41.0 |
21.2 |
23.3 |
18.8 |
17.1 |
-0.8 |
3 |
Total Income |
38.8 |
21.6 |
15.1 |
27.8 |
24.7 |
-2.7 |
4 |
Manufacturing expenses |
44.6 |
29.0 |
6.3 |
20.4 |
-3.6 |
22.7 |
5 |
Remuneration to employees |
10.5 |
24.6 |
36.6 |
22.5 |
25.9 |
9.2 |
6 |
Depreciation provision |
34.2 |
8.5 |
-31.9 |
14.8 |
-1.1 |
0.5 |
7 |
Gross profits |
59.7 |
9.1 |
132.3 |
-25.0 |
25.3 |
-3.0 |
8 |
Interest |
23.5 |
-7.4 |
11.2 |
40.9 |
12.4 |
-14.0 |
9 |
Operating profits |
137.2 |
27.5 |
158.1 |
-31.1 |
30.3 |
0.8 |
10 |
Non-operating surplus/deficit |
* |
# |
* |
# |
288.4 |
-62.0 |
11 |
Profits before tax |
90.5 |
32.5 |
37.8 |
18.7 |
53.3 |
-13.4 |
12 |
Tax provision |
19.9 |
32.2 |
44.5 |
-23.3 |
66.2 |
-21.0 |
13 |
Profits after tax |
130.6 |
32.5 |
36.1 |
29.7 |
47.5 |
-9.5 |
14 |
Dividend paid |
-2.4 |
# |
-68.6 |
214.8 |
-13.7 |
-14.4 |
15 |
Profits retained |
158.1 |
8.6 |
49.0 |
24.9 |
54.5 |
-9.2 |
16 |
Gross saving |
67.9 |
8.6 |
10.3 |
21.9 |
31.3 |
-6.2 |
17 |
(a) Gross value added |
30.9 |
14.4 |
-0.1 |
46.6 |
39.0 |
-13.8 |
|
(b) Net value added |
29.8 |
16.5 |
5.8 |
50.3 |
48.1 |
-16.0 |
18 |
Net worth @ |
8.9 |
28.3 |
27.8 |
25.8 |
23.9 |
13.0 |
19 |
Total borrowings @ |
-0.9 |
2.7 |
20.4 |
15.6 |
-1.3 |
5.5 |
|
Of which, from banks @ |
-10.0 |
3.9 |
28.0 |
19.1 |
19.2 |
11.5 |
20 |
Trade dues and other current liabilities @ |
9.8 |
12.7 |
55.5 |
44.6 |
14.3 |
-3.0 |
21 |
(a) Gross fixed assets @ |
8.2 |
15.0 |
22.4 |
9.1 |
39.8 |
6.8 |
|
(b) Net fixed assets @ |
0.5 |
8.3 |
17.3 |
-1.4 |
6.3 |
3.9 |
22 |
Inventories @ |
13.2 |
10.7 |
26.7 |
179.2 |
1.7 |
0.1 |
23 |
(a) Gross physical assets @ |
9.1 |
14.2 |
23.4 |
47.0 |
34.4 |
6.1 |
|
(b) Net physical assets @ |
3.1 |
8.9 |
20.1 |
56.4 |
5.4 |
3.4 |
24 |
(a) Total gross assets @ |
5.5 |
13.0 |
37.0 |
31.0 |
28.3 |
9.3 |
|
(b) Total net assets @ |
3.1 |
10.9 |
37.9 |
31.8 |
11.8 |
8.3 |
25 |
Total earnings in foreign currencies |
42.0 |
116.9 |
37.7 |
19.2 |
-20.1 |
-0.5 |
|
Of which, Exports |
53.0 |
124.9 |
40.7 |
20.8 |
24.8 |
-86.6 |
26 |
Total expenditure in foreign currencies |
-27.2 |
0.0 |
90.5 |
-10.0 |
86.0 |
-5.3 |
|
Of which, Imports |
-36.9 |
36.5 |
99.5 |
-6.8 |
-41.6 |
-16.4 |
Statement 7: Growth Rates of the Select Items of the Select 1,224 Non-Government Non-Financial Private Limited Companies – 2007-08 and 2008-09 (Concld.) |
(Per Cent) |
Item |
Transport Storage and Communications (45) |
Real estate Activities (28) |
Computer and Related Activities (33) |
2007-08 |
2008-09 |
2007-08 |
2008-09 |
2007-08 |
2008-09 |
1 |
44 |
45 |
46 |
47 |
48 |
49 |
1 |
Sales+ |
-0.8 |
-3.8 |
19.6 |
32.7 |
19.8 |
35.1 |
2 |
Value of production |
2.7 |
-10.6 |
12.1 |
-7.9 |
19.1 |
35.6 |
3 |
Total Income |
8.2 |
-9.9 |
7.3 |
0.8 |
21.5 |
38.2 |
4 |
Manufacturing expenses |
0.6 |
-29.0 |
-25.1 |
13.2 |
42.5 |
221.5 |
5 |
Remuneration to employees |
22.7 |
27.4 |
-37.5 |
-48.6 |
39.3 |
34.3 |
6 |
Depreciation provision |
-2.4 |
-7.2 |
66.7 |
83.3 |
19.5 |
36.0 |
7 |
Gross profits |
* |
* |
19.9 |
42.3 |
-2.7 |
74.9 |
8 |
Interest |
35.4 |
4.3 |
126.2 |
200.9 |
31.3 |
44.1 |
9 |
Operating profits |
* |
* |
6.0 |
-1.9 |
-3.5 |
75.9 |
10 |
Non-operating surplus/deficit |
# |
-45.8 |
* |
* |
# |
# |
11 |
Profits before tax |
* |
* |
3.1 |
-0.8 |
10.6 |
99.0 |
12 |
Tax provision |
8.9 |
22.8 |
-1.4 |
14.7 |
13.7 |
87.4 |
13 |
Profits after tax |
* |
* |
4.5 |
-5.3 |
9.8 |
102.2 |
14 |
Dividend paid |
-38.8 |
96.2 |
59.5 |
-24.7 |
-65.8 |
# |
15 |
Profits retained |
* |
* |
4.2 |
-5.2 |
10.1 |
-4.0 |
16 |
Gross saving |
-63.2 |
* |
9.9 |
6.9 |
14.0 |
13.6 |
17 |
(a) Gross value added |
-2.4 |
-47.6 |
2.6 |
2.0 |
35.5 |
48.8 |
|
(b) Net value added |
-2.4 |
.* |
-0.5 |
-4.4 |
37.4 |
50.1 |
18 |
Net worth @ |
-22.6 |
115.7 |
22.5 |
17.7 |
31.0 |
19.5 |
19 |
Total borrowings @ |
6.5 |
4.2 |
96.6 |
19.4 |
13.4 |
-31.5 |
|
Of which, from banks @ |
13.1 |
-32.4 |
132.0 |
24.6 |
45.6 |
-36.6 |
20 |
Trade dues and other current liabilities @ |
29.4 |
56.6 |
26.1 |
-7.7 |
1.1 |
43.4 |
21 |
(a) Gross fixed assets @ |
6.7 |
21.8 |
76.2 |
32.8 |
27.2 |
17.1 |
|
(b) Net fixed assets @ |
-0.5 |
23.4 |
76.9 |
32.0 |
22.2 |
6.5 |
22 |
Inventories @ |
53.1 |
-22.6 |
20.7 |
-11.4 |
8.8 |
29.3 |
23 |
(a) Gross physical assets @ |
10.9 |
16.3 |
48.3 |
14.7 |
26.9 |
17.3 |
|
(b) Net physical assets @ |
5.9 |
15.5 |
47.9 |
13.7 |
21.7 |
7.2 |
24 |
(a) Total gross assets @ |
9.6 |
36.0 |
46.0 |
8.2 |
22.8 |
26.7 |
|
(b) Total net assets @ |
6.1 |
40.4 |
45.7 |
7.4 |
20.7 |
26.1 |
25 |
Total earnings in foreign currencies |
25.9 |
-59.8 |
* |
* |
22.3 |
37.1 |
|
Of which, Exports |
24.6 |
-39.5 |
* |
* |
27.2 |
25.0 |
26 |
Total expenditure in foreign currencies |
7.2 |
-4.9 |
# |
# |
-27.2 |
201.8 |
|
Of which, Imports |
-2.3 |
17.0 |
# |
# |
1.1 |
-8.0 |
Statement 8: Select Financial Ratios of the Select 1,224 Non-Government Non-Financial Private Limited Companies - 2007-08 and 2008-09 |
(Per cent) |
Item |
Tea Plantations (18) |
Mining and Quarrying (12) |
Food products and Beverages (53) |
2006-07 |
2007-08 |
2008-09 |
2006-07 |
2007-08 |
2008-09 |
2006-07 |
2007-08 |
2008-09 |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
A. Capital Structure Ratios |
|
|
|
|
|
|
|
|
|
1 Net fixed assets to total net assets |
20.9 |
20.4 |
19.8 |
42.9 |
35.4 |
35.7 |
24.6 |
27.8 |
29.5 |
2 Net worth to total net assets |
48.6 |
46.8 |
46.0 |
42.0 |
38.0 |
51.5 |
59.0 |
61.1 |
59.9 |
3 Debt to equity |
36.9 |
47.4 |
13.8 |
30.9 |
55.8 |
42.3 |
6.8 |
5.7 |
5.9 |
4 Debt to equity (equity adjusted for revaluation reserve) |
37.5 |
48.1 |
14.0 |
31.3 |
56.4 |
42.6 |
6.8 |
5.7 |
5.9 |
5 Short-term bank borrowings to |
73.8 |
66.3 |
188.9 |
118.1 |
254.8 |
14.8 |
30.6 |
37.7 |
41.7 |
inventories |
106.0 |
113.6 |
117.6 |
137.9 |
162.9 |
94.3 |
69.5 |
63.8 |
66.8 |
6 Total outside liabilities to net worth |
|
|
|
|
|
|
|
|
|
B. Liquidity Ratios |
|
|
|
|
|
|
|
|
|
7 Current assets to current liabilities + |
1.7 |
1.9 |
1.3 |
1.2 |
1.5 |
2.3 |
1.7 |
1.8 |
1.8 |
8 Quick assets to current liabilities |
61.4 |
73.5 |
57.5 |
33.5 |
33.8 |
63.0 |
89.6 |
85.6 |
87.4 |
9 Current assets to total net assets |
55.6 |
55.5 |
58.5 |
55.0 |
61.5 |
59.9 |
61.8 |
63.2 |
62.9 |
10 Sundry creditors to current assets |
18.5 |
18.4 |
20.0 |
25.9 |
18.2 |
14.7 |
23.3 |
28.0 |
25.8 |
11 Sundry creditors to net working capital |
43.7 |
39.0 |
92.2 |
137.4 |
53.1 |
26.3 |
57.7 |
63.3 |
59.8 |
C. Assets utilisation and turnover ratios |
|
|
|
|
|
|
|
|
|
12 Sales to total net assets |
82.2 |
71.9 |
92.0 |
231.2 |
164.8 |
178.1 |
147.1 |
154.1 |
171.1 |
13 Sales to gross fixed assets |
247.1 |
212.7 |
273.9 |
217.6 |
205.4 |
212.8 |
352.1 |
336.4 |
351.9 |
14 Inventories to sales |
18.2 |
19.6 |
14.7 |
3.1 |
2.6 |
3.5 |
11.9 |
12.5 |
10.2 |
15 Sundry debtors to sales |
11.1 |
17.1 |
18.4 |
3.9 |
5.0 |
6.0 |
17.2 |
13.8 |
11.4 |
16 Exports to sales |
64.7 |
60.9 |
55.5 |
0.2 |
0.1 |
* |
4.8 |
11.4 |
4.2 |
17 Gross value added to gross fixed assets |
49.5 |
43.2 |
53.0 |
35.2 |
47.1 |
54.0 |
40.9 |
49.1 |
45.3 |
18 Raw materials consumed to value of production |
62.0 |
65.4 |
61.5 |
56.8 |
56.3 |
56.8 |
63.6 |
62.3 |
60.1 |
D. Sources and uses of funds ratios @ |
|
|
|
|
|
|
|
|
|
19 Gross fixed assets formation to total uses of funds |
|
32.7 |
26.6 |
|
25.1 |
146.6 |
|
61.9 |
57.9 |
20 Gross capital formation to total uses of funds |
|
32.0 |
32.6 |
|
23.4 |
197.8 |
|
88.5 |
58.2 |
21 External sources of funds to total sources of funds |
|
70.0 |
63.3 |
|
57.3 |
* |
|
63.4 |
31.0 |
22 Increase in bank borrowings to total external sources |
|
82.5 |
46.4 |
|
37.6 |
# |
|
35.5 |
16.2 |
23 Gross savings to gross capital formation |
|
94.0 |
119.9 |
|
202.8 |
282.8 |
|
79.7 |
94.5 |
E. Profitability and profit allocation ratios |
|
|
|
|
|
|
|
|
|
24 Gross profits to total net assets |
4.5 |
2.9 |
5.3 |
14.2 |
12.6 |
21.2 |
9.9 |
13.1 |
12.9 |
25 Gross profits to sales |
5.5 |
4.0 |
5.8 |
6.2 |
7.7 |
11.9 |
6.7 |
8.5 |
7.5 |
26 Profits after tax to net worth |
3.6 |
1.0 |
4.9 |
20.1 |
25.7 |
27.9 |
8.6 |
13.4 |
10.4 |
27 Tax provision to profits before tax |
8.7 |
14.7 |
17.9 |
35.0 |
37.8 |
29.8 |
39.2 |
31.2 |
39.3 |
28 Profits retained to profits after tax |
96.1 |
92.4 |
95.1 |
96.8 |
97.9 |
99.4 |
4.2 |
82.5 |
64.7 |
29 Dividends to net worth |
0.2 |
0.2 |
0.2 |
0.7 |
0.6 |
0.2 |
9.7 |
2.8 |
5.0 |
30 Ordinary dividends to ordinary paid-up capital |
0.4 |
0.5 |
1.3 |
1.9 |
1.0 |
0.4 |
35.6 |
11.1 |
19.6 |
Note : Figures in brackets represent the number of companies. + Item B.7 is the actual ratio of current assets to current liabilities. @ Available for two years, as these are worked out based on sources and uses of funds taking difference between two successive years. These ratios are adjusted for revaluation, etc. * Numerator is negative or nil or negligible. # Denominator is negative or nil or negligible. & Both numerator and denominator are negative or nil. – Nil or negligible. |
Statement 8: Select Financial Ratios of Select Items of the Select 1,224 Non-Government Non-Financial Private Limited Companies – 2007-08 and 2008-09 (Contd.) |
(Per cent) |
Item |
Cotton Textiles (38) |
Man-made Textiles (18) |
Wearing apparel (19) |
2006-07 |
2007-08 |
2008-09 |
2006-07 |
2007-08 |
2008-09 |
2006-07 |
2007-08 |
2008-09 |
1 |
11 |
12 |
13 |
14 |
15 |
16 |
17 |
18 |
19 |
A. Capital Structure Ratios |
|
|
|
|
|
|
|
|
|
1 Net fixed assets to total net assets |
42.8 |
36.6 |
50.5 |
32.1 |
32.3 |
32.3 |
32.2 |
29.9 |
25.7 |
2 Net worth to total net assets |
32.6 |
27.0 |
33.6 |
54.4 |
54.7 |
54.7 |
35.0 |
28.6 |
23.4 |
3 Debt to equity |
56.5 |
44.2 |
55.8 |
18.5 |
23.3 |
23.3 |
15.9 |
16.0 |
38.3 |
4 Debt to equity (equity adjusted for revaluation reserve) |
57.5 |
44.9 |
57.2 |
19.0 |
23.9 |
23.9 |
16.0 |
16.0 |
38.4 |
5 Short term bank borrowings to inventories |
114.9 |
142.5 |
192.6 |
57.5 |
63.3 |
63.3 |
49.4 |
63.2 |
33.0 |
6 Total outside liabilities to net worth |
206.4 |
270.6 |
197.5 |
83.9 |
82.7 |
82.7 |
185.4 |
250.2 |
327.7 |
B. Liquidity Ratios |
|
|
|
|
|
|
|
|
|
7 Current assets to current liabilities + |
1.1 |
1.0 |
1.0 |
1.6 |
1.9 |
1.9 |
1.0 |
0.9 |
1.1 |
8 Quick assets to current liabilities |
41.7 |
37.7 |
36.4 |
80.3 |
101.4 |
101.4 |
44.8 |
35.1 |
51.9 |
9 Current assets to total net assets |
54.0 |
61.1 |
46.6 |
57.4 |
62.1 |
62.1 |
59.2 |
61.3 |
71.7 |
10 Sundry creditors to current assets |
17.9 |
14.3 |
16.2 |
18.8 |
18.3 |
18.3 |
27.1 |
31.0 |
34.3 |
11 Sundry creditors to net working capital |
188.7 |
# |
# |
49.2 |
38.4 |
38.4 |
# |
# |
# |
C. Assets utilization and turnover ratios |
|
|
|
|
|
|
|
|
|
12 Sales to total net assets |
166.2 |
134.5 |
125.6 |
68.7 |
78.6 |
78.6 |
137.2 |
100.4 |
117.7 |
13 Sales to gross fixed assets |
234.5 |
223.7 |
150.2 |
110.8 |
128.7 |
128.7 |
239.7 |
189.9 |
241.5 |
14 Inventories to sales |
13.3 |
19.2 |
10.9 |
24.0 |
20.3 |
20.3 |
12.3 |
19.5 |
17.0 |
15 Sundry debtors to sales |
9.9 |
13.9 |
11.6 |
26.1 |
26.7 |
26.7 |
12.8 |
19.1 |
21.0 |
16 Exports to sales |
5.8 |
46.4 |
26.6 |
5.2 |
2.9 |
2.9 |
14.4 |
13.3 |
12.5 |
17 Gross value added to gross fixed assets |
25.1 |
22.7 |
18.3 |
20.5 |
26.9 |
26.9 |
96.9 |
54.5 |
44.4 |
18 Raw materials consumed to value of production |
76.7 |
76.4 |
68.0 |
58.8 |
58.0 |
58.0 |
42.9 |
38.0 |
50.2 |
D. Sources and uses of Funds Ratios @ |
|
|
|
|
|
|
|
|
|
19 Gross fixed assets formation to total uses of funds |
|
23.2 |
# |
|
43.8 |
43.8 |
|
30.5 |
7.2 |
20 Gross capital formation to total uses of funds |
|
57.8 |
# |
|
54.1 |
54.1 |
|
61.0 |
26.2 |
21 External sources of funds to total sources of funds |
|
86.1 |
# |
|
89.9 |
89.9 |
|
104.7 |
103.0 |
22 Increase in bank borrowings to total external sources |
|
64.0 |
# |
|
42.4 |
42.4 |
|
28.1 |
* |
23 Gross savings to gross capital formation |
|
32.1 |
# |
|
62.8 |
62.8 |
|
2.6 |
* |
E. Profitability and profit allocation ratios |
|
|
|
|
|
|
|
|
|
24 Gross profits to total net assets |
7.7 |
5.4 |
3.5 |
7.6 |
5.2 |
5.2 |
20.2 |
3.3 |
3.6 |
25 Gross profits to sales |
4.6 |
4.0 |
2.8 |
11.0 |
6.6 |
6.6 |
14.7 |
3.3 |
3.0 |
26 Profits after tax to net worth |
8.4 |
5.9 |
* |
6.4 |
5.6 |
5.6 |
59.2 |
4.5 |
.* |
27 Tax provision to profits before tax |
23.4 |
22.4 |
30.8 |
18.9 |
21.3 |
22.8 |
19.2 |
26.3 |
18.8 |
28 Profits retained to profits after tax |
98.2 |
98.9 |
90.0 |
89.3 |
76.9 |
99.0 |
47.6 |
32.6 |
78.8 |
29 Dividends to net worth |
0.2 |
0.1 |
0.3 |
0.8 |
1.6 |
1.6 |
33.9 |
13.8 |
6.3 |
30 Ordinary dividends to ordinary paid-up capital |
0.5 |
0.3 |
1.0 |
9.7 |
19.6 |
19.6 |
73.9 |
28.9 |
13.6 |
Statement 8: Select Financial Ratios of Select Items of the Select 1,224 Non-Government Non-Financial Private Limited Companies – 2007-08 and 2008-09 (Contd.) |
(Per cent) |
Item |
Chemicals and Chemical Products (131) |
Basic Chemicals (34) |
Paper and Paper products (31) |
2006-07 |
2007-08 |
2008-09 |
2006-07 |
2007-08 |
2008-09 |
2006-07 |
2007-08 |
2008-09 |
1 |
20 |
21 |
22 |
23 |
24 |
25 |
26 |
27 |
28 |
A. Capital Structure Ratios |
|
|
|
|
|
|
|
|
|
1 Net fixed assets to total net assets |
28.0 |
26.5 |
27.6 |
30.0 |
27.6 |
30.8 |
45.7 |
41.7 |
42.5 |
2 Net worth to total net assets |
58.3 |
59.2 |
60.4 |
58.7 |
61.6 |
60.2 |
27.1 |
26.2 |
27.5 |
3 Debt to equity |
10.0 |
8.5 |
7.8 |
3.4 |
1.0 |
0.8 |
65.6 |
60.7 |
70.2 |
4 Debt to equity (equity adjusted for revaluation reserve) |
10.0 |
8.5 |
7.9 |
3.5 |
1.0 |
0.8 |
66.6 |
61.5 |
70.9 |
5 Short term bank borrowings to inventories |
43.9 |
41.0 |
34.4 |
50.2 |
37.3 |
33.0 |
102.7 |
102.9 |
103.2 |
6 Total outside liabilities to net worth |
71.4 |
69.1 |
65.5 |
70.4 |
62.3 |
66.1 |
268.5 |
281.2 |
263.6 |
B. Liquidity Ratios |
|
|
|
|
|
|
|
|
|
7 Current assets to current liabilities + |
1.6 |
1.7 |
1.9 |
1.2 |
1.3 |
1.5 |
1.0 |
1.0 |
1.1 |
8 Quick assets to current liabilities |
83.7 |
86.7 |
100.0 |
61.9 |
57.1 |
73.4 |
54.4 |
55.5 |
59.5 |
9 Current assets to total net assets |
56.1 |
59.4 |
65.0 |
46.2 |
49.5 |
58.2 |
53.4 |
57.3 |
56.6 |
10 Sundry creditors to current assets |
30.0 |
26.3 |
23.7 |
41.0 |
30.0 |
30.4 |
34.6 |
33.4 |
26.4 |
11 Sundry creditors to net working capital |
82.8 |
66.1 |
50.7 |
272.8 |
125.6 |
93.3 |
# |
# |
# |
C. Assets utilization and turnover ratios |
|
|
|
|
|
|
|
|
|
12 Sales to total net assets |
111.3 |
111.1 |
102.3 |
75.0 |
69.7 |
71.4 |
140.5 |
145.4 |
160.3 |
13 Sales to gross fixed assets |
247.1 |
259.3 |
232.5 |
186.5 |
192.0 |
175.4 |
191.2 |
203.9 |
213.6 |
14 Inventories to sales |
15.4 |
15.2 |
15.9 |
19.8 |
19.8 |
18.3 |
13.2 |
13.8 |
12.0 |
15 Sundry debtors to sales |
19.3 |
19.3 |
19.4 |
24.9 |
24.0 |
20.1 |
19.2 |
19.8 |
17.3 |
16 Exports to sales |
18.2 |
20.5 |
20.5 |
5.5 |
6.4 |
18.3 |
1.8 |
1.7 |
0.6 |
17 Gross value added to gross fixed assets |
52.8 |
74.8 |
55.1 |
35.0 |
100.1 |
29.8 |
26.4 |
26.7 |
27.7 |
18 Raw materials consumed to value of production |
63.1 |
62.6 |
59.5 |
63.8 |
60.3 |
62.0 |
66.4 |
68.5 |
69.4 |
D. Sources and uses of Funds Ratios @ |
|
|
|
|
|
|
|
|
|
19 Gross fixed assets formation to total uses of funds |
|
28.3 |
44.7 |
|
24.5 |
66.7 |
|
34.9 |
78.6 |
20 Gross capital formation to total uses of funds |
|
42.5 |
55.6 |
|
35.0 |
72.2 |
|
58.5 |
79.8 |
21 External sources of funds to total sources of funds |
|
50.1 |
45.8 |
|
57.1 |
87.6 |
|
51.5 |
22.0 |
22 Increase in bank borrowings to total external sources |
|
3.6 |
0.8 |
|
* |
* |
|
41.1 |
223.9 |
23 Gross savings to gross capital formation |
|
172.4 |
119.7 |
|
145.5 |
32.2 |
|
80.5 |
101.9 |
E. Profitability and profit allocation ratios |
|
|
|
|
|
|
|
|
|
24 Gross profits to total net assets |
12.8 |
12.2 |
13.6 |
3.5 |
3.0 |
2.2 |
8.5 |
8.0 |
9.2 |
25 Gross profits to sales |
11.5 |
11.0 |
13.3 |
4.6 |
4.3 |
3.1 |
6.1 |
5.5 |
5.7 |
26 Profits after tax to net worth |
14.1 |
18.9 |
14.0 |
2.0 |
18.1 |
* |
10.6 |
7.3 |
9.6 |
27 Tax provision to profits before tax |
22.7 |
21.8 |
25.3 |
29.0 |
18.4 |
37.2 |
26.9 |
30.1 |
27.7 |
28 Profits retained to profits after tax |
71.1 |
80.8 |
82.1 |
94.6 |
96.7 |
91.0 |
85.1 |
97.2 |
96.3 |
29 Dividends to net worth |
5.1 |
4.2 |
3.1 |
0.3 |
0.6 |
0.5 |
1.7 |
0.3 |
0.5 |
30 Ordinary dividends to ordinary paid-up capital |
11.3 |
10.1 |
8.8 |
0.3 |
0.9 |
0.9 |
3.4 |
0.7 |
1.1 |
Industry groups, viz., ‘Basic chemicals’, ‘Paints and Varnishes’ and ‘Pharmaceuticals and Medicines’ are subgroups of ‘Chemicals and Chemical products’ |
Statement 8: Select Financial Ratios of Select Items of the Select 1,224 Non-Government Non-Financial Private Limited Companies – 2007-08 and 2008-09 (Contd.) |
(Per cent) |
Item |
Pharmaceuticals and Medicines (28) |
Rubber and Plastic products (54) |
Plastic Products (27) |
2006-07 |
2007-08 |
2008-09 |
2006-07 |
2007-08 |
2008-09 |
2006-07 |
2007-08 |
2008-09 |
1 |
29 |
30 |
31 |
32 |
33 |
34 |
35 |
36 |
37 |
A. Capital Structure Ratios |
|
|
|
|
|
|
|
|
|
1 Net fixed assets to total net assets |
32.1 |
33.8 |
31.9 |
41.5 |
38.4 |
40.4 |
50.9 |
47.4 |
48.1 |
2 Net worth to total net assets |
51.5 |
49.5 |
50.4 |
47.7 |
44.3 |
42.5 |
37.9 |
37.9 |
37.9 |
3 Debt to equity |
37.5 |
24.8 |
24.0 |
22.6 |
17.6 |
12.5 |
38.9 |
30.1 |
30.4 |
4 Debt to equity (equity adjusted for revaluation reserve) |
38.0 |
25.3 |
24.4 |
23.3 |
18.0 |
12.8 |
42.0 |
32.2 |
32.3 |
5 Short term bank borrowings to inventories |
58.3 |
105.4 |
90.8 |
60.8 |
72.1 |
118.0 |
97.1 |
119.9 |
144.1 |
6 Total outside liabilities to net worth |
94.2 |
101.8 |
98.6 |
109.6 |
125.8 |
135.3 |
164.1 |
163.7 |
163.6 |
B. Liquidity Ratios |
|
|
|
|
|
|
|
|
|
7 Current assets to current liabilities + |
1.6 |
1.3 |
1.5 |
1.2 |
1.2 |
1.1 |
1.0 |
1.0 |
1.0 |
8 Quick assets to current liabilities |
88.0 |
68.8 |
88.7 |
61.7 |
55.9 |
53.3 |
51.3 |
51.5 |
49.5 |
9 Current assets to total net assets |
47.9 |
49.7 |
57.0 |
51.2 |
56.7 |
55.7 |
47.5 |
49.5 |
49.7 |
10 Sundry creditors to current assets |
21.4 |
23.5 |
20.1 |
23.4 |
32.3 |
26.4 |
31.0 |
40.9 |
29.9 |
11 Sundry creditors to net working capital |
54.5 |
100.3 |
57.4 |
120.8 |
201.2 |
# |
# |
# |
# |
C. Assets utilization and turnover ratios |
|
|
|
|
|
|
|
|
|
12 Sales to total net assets |
93.2 |
96.0 |
105.0 |
124.8 |
125.2 |
129.4 |
111.8 |
113.0 |
98.5 |
13 Sales to gross fixed assets |
194.1 |
181.5 |
201.7 |
182.3 |
197.6 |
193.3 |
132.9 |
144.6 |
123.2 |
14 Inventories to sales |
13.5 |
14.7 |
13.3 |
14.5 |
16.2 |
13.7 |
13.6 |
13.4 |
16.8 |
15 Sundry debtors to sales |
14.9 |
14.0 |
16.2 |
17.6 |
18.3 |
18.1 |
19.2 |
20.5 |
21.2 |
16 Exports to sales |
7.2 |
6.3 |
5.0 |
8.5 |
6.7 |
2.2 |
2.7 |
2.8 |
5.4 |
17 Gross value added to gross fixed assets |
72.1 |
65.9 |
79.0 |
29.3 |
35.3 |
27.3 |
22.1 |
30.8 |
22.7 |
18 Raw materials consumed to value of production |
39.6 |
42.7 |
42.8 |
69.7 |
71.6 |
70.0 |
64.4 |
66.0 |
65.0 |
D. Sources and uses of Funds Ratios @ |
|
|
|
|
|
|
|
|
|
19 Gross fixed assets formation to total uses of funds |
|
205.0 |
35.4 |
|
34.7 |
77.7 |
|
40.3 |
69.6 |
20 Gross capital formation to total uses of funds |
|
274.0 |
45.6 |
|
60.4 |
67.4 |
|
52.8 |
92.2 |
21 External sources of funds to total sources of funds |
|
127.4 |
33.3 |
|
64.7 |
55.4 |
|
62.8 |
42.8 |
22 Increase in bank borrowings to total external sources |
|
24.6 |
12.0 |
|
36.6 |
77.6 |
|
49.1 |
91.9 |
23 Gross savings to gross capital formation |
|
94.7 |
212.8 |
|
60.5 |
68.9 |
|
77.7 |
63.4 |
E. Profitability and profit allocation ratios |
|
|
|
|
|
|
|
|
|
24 Gross profits to total net assets |
21.0 |
13.9 |
21.0 |
8.4 |
7.8 |
6.2 |
6.9 |
8.3 |
8.6 |
25 Gross profits to sales |
22.6 |
14.5 |
20.0 |
6.7 |
6.2 |
4.8 |
6.2 |
7.4 |
8.8 |
26 Profits after tax to net worth |
27.2 |
18.1 |
26.9 |
9.8 |
9.9 |
3.1 |
8.3 |
10.9 |
7.4 |
27 Tax provision to profits before tax |
18.8 |
18.5 |
24.0 |
23.4 |
24.5 |
29.8 |
15.7 |
16.4 |
26.0 |
28 Profits retained to profits after tax |
39.2 |
17.8 |
52.1 |
96.4 |
96.5 |
97.5 |
99.6 |
97.4 |
96.2 |
29 Dividends to net worth |
21.5 |
22.0 |
15.2 |
0.4 |
0.4 |
0.2 |
0.0 |
0.3 |
0.3 |
30 Ordinary dividends to ordinary paid-up capital |
49.8 |
48.2 |
36.9 |
0.7 |
0.6 |
0.3 |
0.1 |
0.2 |
0.6 |
Industry group, viz., ‘Plastic products’ is the subgroup of ‘Rubber and Plastic products’ |
Statement 8: Select Financial Ratios of Select Items of the Select 1,224 Non-Government Non-Financial Private Limited Companies – 2007-08 and 2008-09 (Contd.) |
(Per cent) |
Item |
Fabricated Metal Products Except Machinery & Equp. (46) |
Machinery and Machine Tools (92) |
Electrical Machinery and Apparatus (51) |
2006-07 |
2007-08 |
2008-09 |
2006-07 |
2007-08 |
2008-09 |
2006-07 |
2007-08 |
2008-09 |
1 |
38 |
39 |
40 |
41 |
42 |
43 |
44 |
45 |
46 |
A. Capital Structure Ratios |
|
|
|
|
|
|
|
|
|
1 Net fixed assets to total net assets |
31.3 |
33.3 |
43.1 |
16.5 |
16.2 |
18.1 |
23.5 |
24.6 |
25.8 |
2 Net worth to total net assets |
41.5 |
39.8 |
44.7 |
31.1 |
32.7 |
33.5 |
47.0 |
50.6 |
53.4 |
3 Debt to equity |
18.9 |
19.0 |
16.0 |
12.5 |
16.0 |
20.0 |
12.5 |
11.8 |
13.1 |
4 Debt to equity (equity adjusted for revaluation reserve) |
19.3 |
19.4 |
16.2 |
12.6 |
16.1 |
20.2 |
12.9 |
12.1 |
13.4 |
5 Short term bank borrowings to inventories |
86.9 |
95.2 |
98.7 |
24.1 |
37.1 |
36.0 |
87.9 |
87.7 |
84.5 |
6 Total outside liabilities to net worth |
141.1 |
151.0 |
123.9 |
221.6 |
205.5 |
198.2 |
112.9 |
97.7 |
87.3 |
B. Liquidity Ratios |
|
|
|
|
|
|
|
|
|
7 Current assets to current liabilities + |
1.3 |
1.2 |
1.1 |
1.3 |
1.3 |
1.3 |
1.3 |
1.4 |
1.6 |
8 Quick assets to current liabilities |
68.4 |
68.2 |
65.0 |
66.7 |
72.3 |
72.7 |
78.0 |
88.7 |
104.2 |
9 Current assets to total net assets |
63.7 |
60.1 |
52.5 |
81.5 |
81.2 |
79.1 |
59.9 |
60.8 |
61.6 |
10 Sundry creditors to current assets |
29.0 |
22.9 |
29.0 |
40.4 |
36.1 |
34.8 |
31.4 |
25.0 |
28.0 |
11 Sundry creditors to net working capital |
137.2 |
172.2 |
328.3 |
193.9 |
151.0 |
140.5 |
146.1 |
87.2 |
78.3 |
C. Assets utilization and turnover ratios |
|
|
|
|
|
|
|
|
|
12 Sales to total net assets |
111.8 |
103.5 |
81.7 |
109.3 |
115.1 |
104.4 |
123.5 |
126.4 |
128.1 |
13 Sales to gross fixed assets |
218.5 |
192.6 |
133.8 |
372.3 |
420.5 |
361.8 |
340.1 |
328.4 |
312.3 |
14 Inventories to sales |
17.2 |
16.8 |
15.7 |
25.3 |
19.8 |
21.6 |
12.4 |
11.9 |
10.4 |
15 Sundry debtors to sales |
18.5 |
20.5 |
24.5 |
29.3 |
28.5 |
30.2 |
23.4 |
22.8 |
22.3 |
16 Exports to sales |
19.0 |
21.2 |
19.0 |
39.3 |
30.5 |
25.5 |
15.6 |
22.4 |
17.9 |
17 Gross value added to gross |
|
|
|
|
|
|
|
|
|
fixed assets |
55.6 |
42.1 |
31.0 |
72.1 |
88.3 |
87.0 |
82.6 |
106.0 |
93.4 |
18 Raw materials consumed to value of production |
57.4 |
61.2 |
58.8 |
63.1 |
63.0 |
60.4 |
65.0 |
55.2 |
58.3 |
D. Sources and uses of Funds Ratios @ |
|
|
|
|
|
|
|
|
|
19 Gross fixed assets formation to total uses of funds |
|
58.3 |
77.6 |
|
15.6 |
34.0 |
|
40.9 |
53.4 |
20 Gross capital formation to total uses of funds |
|
62.1 |
75.3 |
|
8.0 |
53.7 |
|
52.2 |
49.0 |
21 External sources of funds to total sources of funds |
|
59.2 |
79.8 |
|
71.3 |
57.7 |
|
44.2 |
31.2 |
22 Increase in bank borrowings to total external sources |
|
31.2 |
* |
|
46.5 |
38.3 |
|
45.1 |
3.9 |
23 Gross savings to gross capital formation |
|
69.0 |
26.8 |
|
623.0 |
75.8 |
|
98.1 |
198.5 |
E. Profitability and profit allocation ratios |
|
|
|
|
|
|
|
|
|
24 Gross profits to total net assets |
12.3 |
8.9 |
7.7 |
7.4 |
9.9 |
12.1 |
12.0 |
14.9 |
12.9 |
25 Gross profits to sales |
11.0 |
8.6 |
9.5 |
6.7 |
8.6 |
11.6 |
9.7 |
11.8 |
10.1 |
26 Profits after tax to net worth |
17.5 |
9.1 |
6.7 |
12.9 |
19.7 |
22.5 |
15.7 |
18.4 |
14.8 |
27 Tax provision to profits before tax |
28.4 |
34.2 |
36.2 |
30.2 |
30.7 |
32.9 |
34.4 |
34.4 |
34.6 |
28 Profits retained to profits after tax |
91.9 |
90.9 |
91.4 |
56.0 |
75.2 |
70.4 |
73.3 |
74.6 |
89.1 |
29 Dividends to net worth |
1.6 |
1.2 |
0.9 |
9.3 |
5.9 |
7.4 |
4.2 |
4.8 |
1.7 |
30 Ordinary dividends to ordinary paid-up capital |
5.1 |
3.1 |
2.1 |
22.5 |
16.0 |
23.4 |
13.7 |
16.0 |
9.7 |
Statement 8: Select Financial Ratios of Select Items of the Select 1,224 Non-Government Non-Financial Private Limited Companies – 2007-08 and 2008-09 (Contd.) |
(Per cent) |
Item |
Medical Precision and Scientific Instruments (20) |
Motor Vehicles and Other Transport Equip. (27) |
Iron and Steel (42) |
2006-07 |
2007-08 |
2008-09 |
2006-07 |
2007-08 |
2008-09 |
2006-07 |
2007-08 |
2008-09 |
1 |
47 |
48 |
49 |
50 |
51 |
52 |
53 |
54 |
55 |
A. Capital Structure Ratios |
|
|
|
|
|
|
|
|
|
1 Net fixed assets to total net assets |
22.1 |
21.5 |
20.1 |
29.3 |
25.2 |
24.0 |
29.7 |
28.7 |
27.5 |
2 Net worth to total net assets |
59.6 |
64.1 |
65.3 |
37.7 |
37.0 |
45.6 |
45.0 |
46.9 |
49.7 |
3 Debt to equity |
4.4 |
3.7 |
4.6 |
3.9 |
4.1 |
2.4 |
12.1 |
10.3 |
15.9 |
4 Debt to equity (equity adjusted for revaluation reserve) |
4.4 |
3.7 |
4.6 |
3.9 |
4.1 |
2.4 |
12.2 |
10.3 |
16.0 |
5 Short term bank borrowings to inventories |
31.4 |
40.2 |
29.0 |
256.9 |
191.1 |
216.4 |
42.1 |
49.6 |
54.2 |
6 Total outside liabilities to net worth |
67.9 |
55.9 |
53.2 |
165.5 |
170.6 |
119.4 |
122.0 |
113.0 |
101.2 |
B. Liquidity Ratios |
|
|
|
|
|
|
|
|
|
7 Current assets to current liabilities + |
1.4 |
1.7 |
1.6 |
1.1 |
1.1 |
1.1 |
1.4 |
1.4 |
1.6 |
8 Quick assets to current liabilities |
84.2 |
106.2 |
95.8 |
63.1 |
79.4 |
66.0 |
61.0 |
61.0 |
76.9 |
9 Current assets to total net assets |
53.0 |
54.8 |
50.2 |
69.2 |
69.8 |
60.3 |
67.1 |
66.5 |
67.5 |
10 Sundry creditors to current assets |
41.8 |
32.8 |
36.2 |
20.7 |
23.8 |
24.9 |
25.9 |
23.5 |
19.8 |
11 Sundry creditors to net working capital |
140.4 |
81.2 |
94.9 |
165.4 |
194.7 |
205.3 |
97.5 |
84.4 |
52.6 |
C. Assets utilization and turnover ratios |
|
|
|
|
|
|
|
|
|
12 Sales to total net assets |
72.5 |
75.9 |
77.1 |
142.0 |
162.5 |
123.8 |
136.3 |
133.2 |
135.3 |
13 Sales to gross fixed assets |
201.7 |
207.6 |
223.7 |
223.7 |
341.9 |
284.0 |
264.8 |
263.5 |
278.0 |
14 Inventories to sales |
20.4 |
18.3 |
20.0 |
7.5 |
8.0 |
10.1 |
21.7 |
21.0 |
19.5 |
15 Sundry debtors to sales |
35.3 |
35.7 |
32.1 |
5.2 |
6.7 |
6.8 |
14.6 |
16.6 |
14.4 |
16 Exports to sales |
5.6 |
4.3 |
4.4 |
1.1 |
16.1 |
14.4 |
3.4 |
2.5 |
3.2 |
17 Gross value added to gross fixed assets |
63.7 |
69.3 |
68.1 |
34.7 |
49.2 |
39.0 |
52.2 |
40.2 |
43.4 |
18 Raw materials consumed to value of production |
41.1 |
42.1 |
47.4 |
76.4 |
74.3 |
74.4 |
65.4 |
70.3 |
70.3 |
D. Sources and uses of Funds Ratios @ |
|
|
|
|
|
|
|
|
|
19 Gross fixed assets formation to total uses of funds |
|
33.7 |
20.5 |
|
* |
27.9 |
|
36.6 |
30.9 |
20 Gross capital formation to total uses of funds |
|
36.2 |
42.5 |
|
* |
38.0 |
|
50.5 |
45.1 |
21 External sources of funds to total sources of funds |
|
38.2 |
70.2 |
|
* |
135.4 |
|
41.0 |
41.7 |
22 Increase in bank borrowings to total external sources |
|
29.1 |
4.6 |
|
# |
22.8 |
|
45.5 |
88.1 |
23 Gross savings to gross capital formation |
|
204.3 |
93.3 |
|
# |
73.4 |
|
103.1 |
129.3 |
E. Profitability and profit allocation ratios |
|
|
|
|
|
|
|
|
|
24 Gross profits to total net assets |
9.2 |
10.8 |
9.6 |
8.1 |
15.8 |
7.8 |
15.7 |
10.5 |
11.6 |
25 Gross profits to sales |
12.6 |
14.3 |
12.4 |
5.7 |
9.7 |
6.3 |
11.6 |
7.9 |
8.6 |
26 Profits after tax to net worth |
8.6 |
8.9 |
7.3 |
16.7 |
26.6 |
8.3 |
22.9 |
11.6 |
11.1 |
27 Tax provision to profits before tax |
39.7 |
40.4 |
38.1 |
34.8 |
34.8 |
37.1 |
24.8 |
35.0 |
31.3 |
28 Profits retained to profits after tax |
74.7 |
83.0 |
86.6 |
51.7 |
77.9 |
52.3 |
96.5 |
94.4 |
97.9 |
29 Dividends to net worth |
2.3 |
1.6 |
1.1 |
8.4 |
6.1 |
5.8 |
0.8 |
0.7 |
0.4 |
30 Ordinary dividends to ordinary paid-up capital |
3.8 |
2.7 |
1.9 |
7.0 |
9.8 |
7.3 |
1.3 |
1.3 |
0.8 |
Statement 8: Select Financial Ratios of Select Items of the Select 1,224 Non-Government Non-Financial Private Limited Companies – 2007-08 and 2008-09 (Contd.) |
(Per cent) |
Item |
Construction (25) |
Wholesale and Retail Trade (85) |
Hotels and Restaurants (46) |
2006-07 |
2007-08 |
2008-09 |
2006-07 |
2007-08 |
2008-09 |
2006-07 |
2007-08 |
2008-09 |
1 |
56 |
57 |
58 |
59 |
60 |
61 |
62 |
63 |
64 |
A. Capital Structure Ratios |
|
|
|
|
|
|
|
|
|
1 Net fixed assets to total net assets |
30.4 |
29.6 |
29.0 |
25.8 |
21.9 |
16.4 |
42.3 |
49.3 |
47.2 |
2 Net worth to total net assets |
21.9 |
23.2 |
26.8 |
43.8 |
40.6 |
38.7 |
39.0 |
51.9 |
54.0 |
3 Debt to equity |
88.0 |
41.7 |
137.1 |
8.0 |
14.7 |
8.1 |
72.0 |
33.2 |
37.3 |
4 Debt to equity (equity adjusted for revaluation reserve) |
89.3 |
42.2 |
138.4 |
8.3 |
15.1 |
8.3 |
87.0 |
54.6 |
57.0 |
5 Short term bank borrowings to inventories |
479.7 |
476.2 |
118.7 |
92.6 |
68.8 |
39.9 |
47.0 |
40.7 |
36.8 |
6 Total outside liabilities to net worth |
356.0 |
331.6 |
273.0 |
128.5 |
146.4 |
158.3 |
156.4 |
92.9 |
85.0 |
B. Liquidity Ratios |
|
|
|
|
|
|
|
|
|
7 Current assets to current liabilities + |
0.7 |
0.6 |
1.2 |
1.3 |
1.4 |
1.3 |
1.4 |
1.3 |
1.5 |
8 Quick assets to current liabilities |
32.3 |
29.8 |
59.8 |
80.5 |
77.0 |
59.1 |
61.6 |
53.6 |
61.2 |
9 Current assets to total net assets |
39.3 |
40.7 |
43.0 |
69.6 |
71.9 |
75.9 |
46.6 |
40.2 |
37.5 |
10 Sundry creditors to current assets |
14.3 |
14.1 |
17.8 |
31.4 |
27.2 |
26.3 |
8.8 |
8.9 |
9.3 |
11 Sundry creditors to net working capital |
# |
# |
99.5 |
128.9 |
104.2 |
111.5 |
29.7 |
38.2 |
29.5 |
C. Assets utilization and turnover ratios |
|
|
|
|
|
|
|
|
|
12 Sales to total net assets |
36.4 |
47.5 |
52.0 |
127.0 |
110.6 |
99.3 |
40.9 |
30.6 |
28.3 |
13 Sales to gross fixed assets |
102.5 |
127.6 |
134.6 |
312.2 |
306.2 |
332.2 |
65.5 |
45.5 |
42.6 |
14 Inventories to sales |
21.7 |
18.2 |
16.6 |
8.9 |
9.3 |
22.0 |
25.3 |
26.0 |
26.1 |
15 Sundry debtors to sales |
16.3 |
13.1 |
14.1 |
23.6 |
22.3 |
18.0 |
8.0 |
9.4 |
8.3 |
16 Exports to sales |
0.1 |
0.1 |
0.1 |
17.3 |
20.2 |
20.7 |
2.3 |
2.9 |
0.4 |
17 Gross value added to gross fixed assets |
36.8 |
44.5 |
44.3 |
112.7 |
92.0 |
123.6 |
31.7 |
31.0 |
25.1 |
18 Raw materials consumed to value |
|
|
|
|
|
|
|
|
|
of production |
22.9 |
20.8 |
20.0 |
49.7 |
40.7 |
42.4 |
10.5 |
11.4 |
11.5 |
D. Sources and uses of Funds Ratios @ |
|
|
|
|
|
|
|
|
|
19 Gross fixed assets formation to total uses of funds |
|
51.0 |
40.1 |
|
21.5 |
9.3 |
|
73.1 |
41.5 |
20 Gross capital formation to total uses of funds |
|
69.2 |
46.7 |
|
28.5 |
61.6 |
|
73.6 |
41.6 |
21 External sources of funds to total sources of funds |
|
* |
50.4 |
|
58.0 |
58.9 |
|
7.3 |
13.1 |
22 Increase in bank borrowings to total external sources |
|
# |
26.9 |
|
15.1 |
11.3 |
|
99.0 |
92.2 |
23 Gross savings to gross capital formation |
|
191.1 |
121.8 |
|
134.3 |
66.0 |
|
46.5 |
181.7 |
E. Profitability and profit allocation ratios |
|
|
|
|
|
|
|
|
|
24 Gross profits to total net assets |
5.9 |
9.1 |
9.0 |
11.2 |
18.9 |
10.7 |
10.6 |
10.0 |
9.0 |
25 Gross profits to sales |
16.2 |
19.2 |
17.3 |
8.8 |
17.0 |
10.8 |
25.8 |
32.7 |
31.8 |
26 Profits after tax to net worth |
6.7 |
14.2 |
14.7 |
20.6 |
21.0 |
21.7 |
14.7 |
12.4 |
9.9 |
27 Tax provision to profits before tax |
25.3 |
22.3 |
22.6 |
18.7 |
20.4 |
12.6 |
30.6 |
33.2 |
30.3 |
28 Profits retained to profits after tax |
89.7 |
92.9 |
76.1 |
89.5 |
97.5 |
94.2 |
89.9 |
94.1 |
94.4 |
29 Dividends to net worth |
1.2 |
1.0 |
3.5 |
2.2 |
0.5 |
1.3 |
1.5 |
0.7 |
0.6 |
30 Ordinary dividends to ordinary paid-up capital |
2.3 |
2.1 |
7.7 |
14.9 |
4.5 |
14.3 |
9.2 |
7.5 |
6.1 |
Statement 8: Select Financial Ratios of Select Items of the Select 1,224 Non-Government Non-Financial Private Limited Companies – 2007-08 and 2008-09 (Contd.) |
(Per cent) |
Item |
Transport Storage and Communications (45) |
Real Estate Activities (28) |
Computer and Related Activities (33) |
2006-07 |
2007-08 |
2008-09 |
2006-07 |
2007-08 |
2008-09 |
2006-07 |
2007-08 |
2008-09 |
1 |
65 |
66 |
67 |
68 |
69 |
70 |
71 |
72 |
73 |
A. Capital Structure Ratios |
|
|
|
|
|
|
|
|
|
1 Net fixed assets to total net assets |
57.7 |
54.2 |
47.6 |
30.0 |
36.4 |
44.8 |
24.9 |
25.2 |
22.9 |
2 Net worth to total net assets |
22.3 |
16.4 |
25.2 |
22.3 |
18.8 |
20.6 |
61.2 |
66.3 |
63.6 |
3 Debt to equity |
14.9 |
20.0 |
2.8 |
12.7 |
27.9 |
158.4 |
2.6 |
1.3 |
0.5 |
4 Debt to equity (equity adjusted for revaluation reserve) |
14.9 |
20.2 |
2.8 |
18.2 |
37.0 |
200.4 |
2.6 |
1.3 |
0.5 |
5 Short term bank borrowings to inventories |
206.6 |
156.8 |
131.8 |
57.1 |
107.8 |
27.0 |
195.8 |
269.6 |
140.6 |
6 Total outside liabilities to net worth |
348.3 |
509.7 |
297.0 |
348.4 |
433.1 |
386.3 |
63.5 |
50.8 |
57.2 |
B. Liquidity Ratios |
|
|
|
|
|
|
|
|
|
7 Current assets to current liabilities + |
0.5 |
0.6 |
0.7 |
0.9 |
0.8 |
1.1 |
2.0 |
2.2 |
1.8 |
8 Quick assets to current liabilities |
21.5 |
29.6 |
29.0 |
6.3 |
10.7 |
15.7 |
142.5 |
142.9 |
112.4 |
9 Current assets to total net assets |
34.2 |
44.9 |
51.2 |
68.0 |
58.4 |
50.9 |
72.3 |
68.2 |
62.9 |
10 Sundry creditors to current assets |
67.5 |
59.4 |
69.0 |
5.2 |
20.2 |
23.8 |
8.6 |
11.0 |
12.5 |
11 Sundry creditors to net working capital |
# |
# |
# |
# |
# |
303.9 |
17.3 |
20.6 |
28.2 |
C. Assets utilization and turnover ratios |
|
|
|
|
|
|
|
|
|
12 Sales to total net assets |
87.2 |
81.4 |
55.8 |
21.6 |
17.7 |
21.9 |
93.7 |
93.0 |
97.6 |
13 Sales to gross fixed assets |
111.2 |
103.2 |
81.5 |
67.9 |
46.1 |
46.1 |
210.8 |
198.6 |
204.0 |
14 Inventories to sales |
9.0 |
13.9 |
11.2 |
148.3 |
149.6 |
99.9 |
0.9 |
0.8 |
0.8 |
15 Sundry debtors to sales |
13.6 |
19.3 |
20.6 |
10.4 |
19.8 |
12.6 |
25.7 |
26.0 |
25.2 |
16 Exports to sales |
4.2 |
5.2 |
3.3 |
* |
* |
* |
31.5 |
33.4 |
30.9 |
17 Gross value added to gross fixed assets |
13.8 |
12.6 |
5.4 |
33.6 |
19.5 |
15.0 |
129.6 |
138.1 |
156.3 |
18 Raw materials consumed to value of production |
60.6 |
53.1 |
46.0 |
34.3 |
28.1 |
33.5 |
3.2 |
3.6 |
3.3 |
D. Sources and uses of Funds Ratios @ |
|
|
|
|
|
|
|
|
|
19 Gross fixed assets formation to total uses of funds |
|
45.3 |
38.3 |
|
51.6 |
166.1 |
|
45.3 |
25.9 |
20 Gross capital formation to total uses of funds |
|
81.3 |
32.7 |
|
65.8 |
126.2 |
|
45.6 |
26.6 |
21 External sources of funds to total sources of funds |
|
60.0 |
108.7 |
|
86.7 |
56.6 |
|
40.9 |
38.8 |
22 Increase in bank borrowings to total external sources |
|
32.1 |
* |
|
67.2 |
188.9 |
|
8.4 |
* |
23 Gross savings to gross capital formation |
|
16.3 |
* |
|
19.2 |
45.3 |
|
133.6 |
185.3 |
E. Profitability and profit allocation ratios |
|
|
|
|
|
|
|
|
|
24 Gross profits to total net assets |
1.0 |
* |
* |
7.2 |
5.9 |
7.9 |
11.3 |
9.1 |
12.4 |
25 Gross profits to sales |
1.2 |
* |
* |
33.5 |
33.6 |
36.1 |
12.1 |
9.8 |
12.7 |
26 Profits after tax to net worth |
* |
* |
* |
22.1 |
18.8 |
15.1 |
13.6 |
11.4 |
18.6 |
27 Tax provision to profits before tax |
22.9 |
17.1 |
29.4 |
23.1 |
22.0 |
26.0 |
17.1 |
18.0 |
19.2 |
28 Profits retained to profits after tax |
82.0 |
92.2 |
75.5 |
99.6 |
99.5 |
99.5 |
99.7 |
99.9 |
50.3 |
29 Dividends to net worth |
1.6 |
1.2 |
1.1 |
0.1 |
0.1 |
0.1 |
0.0 |
0.0 |
9.8 |
30 Ordinary dividends to ordinary paid-up capital |
0.8 |
0.5 |
0.6 |
0.8 |
1.3 |
0.9 |
0.2 |
0.0 |
29.7 |
Appendix Explanatory Notes to Various Statements
-
Internal sources: These are own sources comprising capitalised reserves, retained profits, depreciation provision and other provisions.
-
External sources: These are other than own sources comprising funds raised from capital markets, borrowed funds, trade dues and other current liabilities and miscellaneous non-current liabilities.
-
The growth rates of all the items and data on sources and uses of funds are adjusted for changes due to amalgamation of companies. These are also adjusted for revaluation, etc. wherever necessary.
-
Due to rounding off of figures, the constituent items may not add up to the totals.
-
Sales are net of ‘rebates and discounts’ and ‘excise duty and cess’.
-
Manufacturing expenses comprise (a) raw materials, components, etc. consumed, (b) stores and spares consumed, (c) power and fuel and (d) other manufacturing expenses.
-
Raw materials, components, etc. consumed includes purchases of traded goods in the case of trading companies and consumption of stores and provisions for hotels, restaurants and eating houses.
-
Other manufacturing expenses include expenses like construction expenses of construction companies, operating expenses of shipping companies, etc.
-
Remuneration to employees comprises (a) salaries, wages and bonus, (b) provident fund and(c) employees’ welfare expenses.
-
Non-operating surplus/deficit comprises (a) profit/loss on account of (i) sale of fixed assets, investments, etc., and (ii) revaluation / devaluation of foreign currencies, (b) provisions no longer required written back, (c) insurance claims realised and (d) income or expenditure relating to the previous years and such other items of non-current nature.
-
Gross profits are net of depreciation provision but before interest payments.
-
Gross saving is measured as the sum of retained profits and depreciation provision.
-
Gross value added comprises (a) net value added and (b) depreciation provision.
-
Net value added comprises (a) salaries, wages and bonus, (b) provident fund, (c) employees’ welfare expenses, (d) managerial remuneration, (e) rent paid net of rent received, (f) interest paid net of interest received, (g) tax provision, (h) dividends paid net of dividends received and (i) retained profits net of non-operating surplus / deficit.
-
Debt comprises (a) all borrowings from Govt. and semi-Govt. bodies, financial institutions other than banks and from foreign institutional agencies, (b) borrowings from banks against mortgages and other long-term securities, (c) borrowings from companies and others against mortgages and other long term securities and (d) debentures, deferred payment liabilities and public deposits.
-
Equity or Net worth comprises (a) paidup capital, (b) forfeited shares and (c) all reserves and surplus.
-
Current assets comprise (a) inventories, (b) loans and advances and other debtor balances, (c) book value of quoted investments, (d) cash and bank balances and (e) advance of income tax in excess of tax provision.
-
Current liabilities comprise (a) short-term borrowings from banks, (b) unsecured loans and other short-term borrowings from companies and others, (c) trade dues and other current liabilities and (d) tax provision in excess of advance of incometax and other current provisions.
-
Quick assets comprise (a) sundry debtors, (b) book value of quoted investments and (c) cash and bank balances.
-
Capital reserves include profits on sale of investments and fixed assets.
-
Other reserves include profits retained in the form of various specific reserves and profit/loss carried to balance sheet.
-
Debentures include privately placed debentures with financial institutions.
* Prepared in the Company Finances Division of the Department of Statistics and Information Management. Reference may be made to October 2009 issue of the RBI Bulletin for the previous study, which covered the financial performance of 1,475 non-Government non-financial private limited companies during 2007-08. In the present study, 330 new companies have been included in addition to 894 companies common with the previous study. The select 1,224 companies accounted for 5.5 per cent of total paid-up capital (provisional estimate supplied by Ministry of Corporate Affairs, GoI) of all non-government nonfinancial private limited companies as on March 31, 2009, which was at a similar level in the last year. 1In the case of companies, which either extended or shortened their accounting year, their income, expenditure and appropriation account figures have been annualised. The balance sheet data, however, have been retained as presented in the annual accounts of the companies. The analysis of the financial performance of companies is subject to these limitations. |