Finances of Non-Government Non- Financial Private Limited Companies: 2010-11* This article assesses the financial performance of select 1,850 non-government non-financial private limited companies during 2010-11 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 revealed that sales, value of production and manufacturing expenses recorded higher growth in 2010-11 as compared with those in the previous year. However, growth in earnings was lower than those in 2009-10. Higher growth in interest payments resulted in lowering of growth in earnings before tax. Profitability ratios moderated during the year. Growth in total borrowings during 2010-11 was higher than that in the previous year and borrowings from banks also grew at higher rate. External funds (i.e. , other than those generated internally) continued to be major source of financing with its share rising further from the previous year. The financial performance of non-government non-financial private limited companies during the year 2010-11 analysed in this article is based on the audited annual accounts of select 1,850 companies, which closed their accounts during the period April 2010 to March 20111. The select 1,850 companies accounted for 7.1 per cent of total paid-up capital (provisional estimate supplied by Ministry of Corporate Affairs, GoI) of all non-government non-financial private limited companies as on March 31, 2011. The study also presents comparable data for the preceding two years, viz. 2008-09 and 2009-102 for the same set of companies, based on the analysis of their accounts for the respective years. I. Income and Expenditure The growth rates in sales, value of production, manufacturing expenses, remuneration to employees, etc. in 2010-11 were higher than those in 2009-10 (Statement 1). However, with expenditure growth overshooting that of income, select companies recorded lower growth in profits during 2010-11 as reflected in various measures of profit like ‘operating profits’ or ‘earnings before interest, tax, depreciation provision and amortisation’ (EBITDA), ‘gross profits’ or ‘earnings before interest and tax (EBIT) , ‘earnings before tax’ (EBT) and ‘net profits’. As regards the components of expenditure, manufacturing expenses and remuneration to employees recorded much higher growth. The select companies’ EBITDA margin (measured as percentage of sales) in 2010-11 was nearly at the same level as in 2009-10 (Chart 1), while EBIT margin declined by 0.9 percentage points in 2010-11 (Statement 2). Retention ratio (measured by retained earnings as percentage of net profits of companies which made profit during the respective years under study) also declined by 0.7 percentage points, while dividends to net worth ratio remained unchanged. Composition of income of the select companies in 2010-11 (Table 1) showed lower contribution of other income (6.8 per cent) and slightly higher accumulation to inventory (1.9 per cent). On the expenditure side, the share of manufacturing expenses went up to 68.4 per cent in 2010-11 (67.7 per cent in 2009-10), while the share of ‘other expenses’ decreased.
II. Earnings and Expenditure in Foreign Currencies The total earnings in foreign currencies of the select companies increased by 29.4 per cent in 2010-11, as against a decline of 3.6 per cent in 2009-10 (Statements 1 and 6). However the exports to sales ratio remained almost unchanged at 9.8 per cent (Statement 2). The total expenditure in foreign currencies increased by 39.4 per cent in 2010-11 led by growth in merchandise imports as against decline of 7.6 per cent recorded in 2009-10. However the shares of raw materials and capital goods in total merchandise imports were lower in 2010-11. Net outflow in foreign currencies for the select companies in 2010-11 increased. III. Liabilities and Assets Total liabilities/assets of the select companies witnessed an increase of 19.0 per cent in 2010-11 (Statement 4). The growth in net worth declined by 1.7 percentage points to 14.5 per cent in 2010-11 and total outstanding borrowings showed a higher growth. The growth in borrowings from banks also increased to 14.7 per cent in 2010-11 from 7.9 per cent in 2009-10. The composition of capital and liabilities (Table 2 and Chart 2) in 2010-11 showed a decrease in the share of ‘share capital’ and ‘borrowings’ with corresponding increase in ‘trade dues and other current liabilities’ and in ‘reserves and surplus’. Debt to equity ratio (in percentage) increased to 23.4 per cent in 2010-11 from 22.1 per cent in 2009-10. In the asset side ‘gross fixed assets’ (adjusted for revaluation) registered a lower growth of 13.3 per cent in 2010-11 as compared to a growth of 14.3 per cent in 2009-10, while level of ‘inventories’ (raw material and finished goods) moved up sharply. The share of ‘inventories’ in total assets increased to 17.9 per cent (16.5 per cent in 2009-10) and that of ‘loans and advances and other debtor balances’ rose to 30.2 per cent (28.3 per cent in previous year). The share of ‘net fixed assets’ declined to 29.4 per cent (31.4 per cent in the previous year).
Table 1: Composition of Operating Income and Expenditure |
(Per cent) |
Income |
2009-10 |
2010-11 |
Expenditure |
2009-10 |
2010-11 |
Sales |
91.0 |
91.3 |
Manufacturing expenses |
67.7 |
68.4 |
Change in Inventory |
1.4 |
1.9 |
Remuneration to employees |
12.5 |
12.5 |
Other Income |
7.6 |
6.8 |
Interest expenses |
2.4 |
2.3 |
|
|
|
Other expenses |
17.1 |
16.7 |
|
|
|
Provision (other than tax) |
0.2 |
0.2 |
Total |
100.0 |
100.0 |
Total |
100.0 |
100.0 |
Table 2: Composition of Assets and Liabilities |
(Per cent) |
Liabilities |
2009-10 |
2010-11 |
Assets |
2009-10 |
2010-11 |
1. Share capital |
19.3 |
17.0 |
1. Gross Fixed assets |
45.6 |
43.5 |
2. Reserves and surplus |
25.2 |
25.9 |
2. Depreciation |
14.2 |
14.1 |
3. Borrowings |
27.8 |
27.3 |
3. Net fixed assets |
31.4 |
29.4 |
Of which, from Banks |
19.2 |
18.5 |
4. Inventories |
16.5 |
17.9 |
4. Trade dues and other current liabilities |
25.3 |
27.4 |
5. Loans and advances and other debtor balances |
28.3 |
30.2 |
Of which, from Sundry creditors |
14.7 |
16.5 |
Of which, Sundry debtors |
15.7 |
16.8 |
5. Provisions |
2.4 |
2.4 |
6. Investments |
7.5 |
7.2 |
6. Miscellaneous non-current liabilities |
– |
– |
7. Cash and bank balances |
11.0 |
10.3 |
|
|
|
8. Other assets |
5.3 |
5.0 |
Total |
100.0 |
100.0 |
Total |
100.0 |
100.0 |
– Nil or Negligible. |
IV. Sources and Uses of funds External funds (i.e., other than those generated internally) continued to play a major role in business of corporates since 2004-05, and its share in total sources of funds increased to 68.1 per cent in 2010-11 from 56.8 per cent in 2009-10 (Table 3 and Chart 3). Share of ‘trade dues and other current liabilities’ and share of ‘borrowings’ in total sources of funds rose to 34.7 per cent and 22.6 per cent, respectively. The share of internal sources of funds declined due to lower provision and lower accretion in ‘reserves and surplus’, resulting from lower profit. Gross fixed assets formation accounted for a lower share (29.0 per cent) of uses of funds in 2010-11. Addition of ‘cash and bank balances’ and ‘investments’ were also of lower order. Correspondingly, the share of ‘loans and advances and other debtor balances’ and ‘inventories’ registered increase in total uses of funds. Gross savings to gross capital formation ratio declined to 72.3 per cent in 2010-11 from 92.3 per cent in the previous year.
|
Table 3: Composition of Sources and Uses of funds |
(Per cent) |
Sources of funds |
2009-10 |
2010-11 |
Uses of funds |
2009-10 |
2010-11 |
I Internal sources (own sources) |
43.2 |
31.9 |
I Gross fixed assets |
37.8 |
29.0 |
(a) Paid-up capital + |
0.3 |
– |
II Inventories |
12.8 |
23.2 |
(b) Reserves and surplus |
24.4 |
20.1 |
III Loans and advances and other debtor balances |
20.9 |
36.5 |
(c) Provisions |
18.5 |
11.9 |
Of which, Sundry debtors |
14.2 |
20.5 |
Of which, Depreciation provision |
16.5 |
12.5 |
IV Investments |
8.2 |
5.0 |
II External sources (other than own sources) |
56.8 |
68.1 |
V Cash and bank balances |
18.2 |
6.3 |
(a) Paid-up capital * |
16.0 |
10.4 |
VI Other assets |
2.1 |
– |
(b) Borrowings |
16.1 |
22.6 |
|
|
|
Of which, |
|
|
|
|
|
(i) Debentures |
0.1 |
1.1 |
|
|
|
(ii) Loans and advances |
15.6 |
21.6 |
|
|
|
Of which from Bank |
9.3 |
13.5 |
|
|
|
(c) Trade dues and other current liabilities |
24.3 |
34.7 |
|
|
|
Of which, Sundry creditors |
12.4 |
23.5 |
|
|
|
(d) Others |
0.4 |
0.5 |
|
|
|
Total |
100.0 |
100.0 |
Total |
100.0 |
100.0 |
+ Includes capitalised reserves and forfeited shares * Includes net issues and premium on shares – Nil or Negligible. |
V. Performance of Companies by Size of Sales Bigger companies (according to size of sales) registered much higher growth in sales in 2010-11 (Table 4). The smaller companies, with sales volume of ‘`250 million each or less’ recorded decline in sales for the second year though to a lesser extent than in 2009-10. Profit (i.e., EBITDA) growth was the highest for the largest sales size group of ‘`10 billion and above’, followed by sales size group of ‘`500 million - `1 billion’. EBITDA margin for companies in the above sales size classes also improved between 2009-10 and 2010-11. Debt to equity ratio of companies in different size groups moved in a narrow range and remained moderate.
|
Table 4: Performance of Companies by Size of Sales |
(Per cent) |
A. Growth Rates of Select items |
Sales Size Group |
Number of Companies |
Sales |
EBITDA |
Total Net Assets |
2009-10 |
2010-11 |
2009-10 |
2010-11 |
2009-10 |
2010-11 |
Less than `250 million |
1005 |
-7.1 |
-1.6 |
136.2 |
24.6 |
7.9 |
17.1 |
`250 million -`500 million |
260 |
10.3 |
12.6 |
45.2 |
-5.3 |
9.2 |
11.6 |
`500 million -`1 billion |
241 |
9.6 |
14.7 |
21.7 |
37.5 |
12.7 |
12.1 |
`1 billion -`5 billion |
286 |
12.2 |
29.8 |
22.5 |
20.9 |
12.8 |
16.3 |
`5 billion -`10 billion |
36 |
10.2 |
37.7 |
44.8 |
15.8 |
26.3 |
32.1 |
`10 billion and above |
22 |
7.6 |
24.9 |
45.1 |
52.4 |
24.9 |
27.7 |
B. Select Financial Ratios |
Sales Size Group |
EBITDA to Sales |
Debt to Equity |
Tax Provision to EBT* |
2008-09 |
2009-10 |
2010-11 |
2008-09 |
2009-10 |
2010-11 |
2008-09 |
2009-10 |
2010-11 |
Less than `250 million |
1.4 |
3.6 |
4.5 |
19.9 |
21.7 |
27.5 |
40.3 |
32.2 |
35.8 |
`250 million -`500 million |
9.3 |
12.3 |
10.3 |
23.8 |
20.1 |
18.0 |
31.0 |
24.9 |
29.3 |
`500 million -`1 billion |
9.6 |
10.6 |
12.7 |
26.2 |
23.7 |
22.1 |
32.3 |
27.7 |
29.7 |
`1 billion -`5 billion |
10.4 |
11.3 |
10.6 |
34.7 |
28.0 |
32.9 |
30.1 |
29.0 |
27.5 |
`5 billion -`10 billion |
8.6 |
11.3 |
9.5 |
17.4 |
12.7 |
6.9 |
25.8 |
23.9 |
28.6 |
`10 billion and above |
3.9 |
5.2 |
6.3 |
14.8 |
15.2 |
14.0 |
29.5 |
31.3 |
31.5 |
* Calculated based on companies which made profit in all the three years during 2008-09 to 2010-11. |
VI. Performance of Companies by Size of PUC When grouped according to size of their paid-up capital (PUC), it was observed that for select companies growth rate in sales in 2010-11 was higher than that in the previous year for all PUC size classes (Table 5) and companies in the highest PUC size class ‘`1 billion and above’ recorded highest sales growth (31.5 per cent). Companies with higher PUC in general, registered high growth in EBITDA in 2010-11 with the exception of those in PUC size class ‘`500 million - `1 billion’. Profit margin also increased in the above PUC size class. Debt equity ratio of the PUC size class ‘`100 million - `250 million’ was higher than those in other size classes and decreased in 2010-11.
Table 5: Performance of Companies by Size of Paid-up Capital |
(Per cent) |
A. Growth Rates of Select items |
PUC Size Group |
Number of Companies |
Sales |
EBITDA |
Total Net Assets |
2009-10 |
2010-11 |
2009-10 |
2010-11 |
2009-10 |
2010-11 |
Less than `10 million |
608 |
11.6 |
25.6 |
15.0 |
6.6 |
9.1 |
11.8 |
`10 million -`20 million |
205 |
6.5 |
16.6 |
26.5 |
3.4 |
18.8 |
19.2 |
`20 million -`50 million |
281 |
5.4 |
27.3 |
7.4 |
25.4 |
14.0 |
17.6 |
`50 million -`100 million |
230 |
13.8 |
24.1 |
31.5 |
9.9 |
16.9 |
18.1 |
`100 million -`250 million |
265 |
8.6 |
24.8 |
21.0 |
29.7 |
14.4 |
17.4 |
`250 million -`500 million |
122 |
14.9 |
22.0 |
29.3 |
46.7 |
14.2 |
15.5 |
`500 million -`1 billion |
80 |
6.8 |
22.2 |
76.1 |
13.4 |
10.4 |
22.8 |
`1 billion and above |
59 |
1.3 |
31.5 |
94.8 |
49.7 |
18.0 |
24.1 |
B. Select Financial Ratios |
PUC Size Group |
EBITDA to Sales |
Debt to Equity |
Tax Provision to EBT* |
2008-09 |
2009-10 |
2010-11 |
2008-09 |
2009-10 |
2010-11 |
2008-09 |
2009-10 |
2010-11 |
Less than `10 million |
10.7 |
11.0 |
9.3 |
10.9 |
12.4 |
8.9 |
31.3 |
28.1 |
27.3 |
`10 million -`20 million |
6.0 |
7.1 |
6.3 |
20.0 |
26.3 |
18.9 |
33.6 |
30.7 |
33.6 |
`20 million -`50 million |
8.2 |
8.3 |
8.2 |
13.8 |
13.7 |
18.0 |
29.5 |
29.2 |
27.9 |
`50 million -`100 million |
9.6 |
11.1 |
9.9 |
31.0 |
27.5 |
29.7 |
25.0 |
23.8 |
29.3 |
`100 million -`250 million |
7.8 |
8.7 |
9.0 |
33.3 |
34.5 |
31.9 |
31.8 |
27.6 |
28.4 |
`250 million -`500 million |
7.4 |
8.3 |
10.0 |
18.5 |
18.2 |
21.4 |
25.5 |
29.4 |
34.0 |
`500 million -`1 billion |
6.2 |
10.2 |
9.4 |
18.9 |
18.7 |
12.1 |
43.0 |
28.5 |
26.5 |
`1 billion and above |
4.1 |
7.8 |
8.9 |
36.8 |
20.2 |
27.6 |
36.0 |
33.3 |
29.5 |
* Calculated based on companies which made profit in all the three years during 2008-09 to 2010-11. |
VII. Industry-wise Performance The manufacturing sector registered higher growth in sales (25.7 per cent) when compared with the services sector (21.0 per cent) (Table 6A). However, the EBITDA growth of services sector (34.4 per cent) was higher than that of the manufacturing sector (20.3 per cent). In terms of EBITDA margin also, the services performed better than the manufacturing sector (Table 6B). Bank credit to both manufacturing sector and services sector grew at higher rate. The debt to equity ratio declined for manufacturing sector and increased for services sector in 2010-11 as compared with the previous year. While analysing industry-wise performance, it was observed that sales growth improved in almost all the industries with ‘cotton textiles’, ‘machinery and machine tools’ and ‘construction’ industries recording very high growth. ‘Real estate’ sector recorded poor sales growth in 2010-11. EBITDA growth of companies belonging ‘food products and beverages’, ‘cotton textiles’, ‘iron and steel’ and ‘machinery and machine tools’ industry groups was substantially higher, while ‘chemical and chemical products’, ‘ electrical machinery and apparatus’, ‘pharmaceuticals and medicines’ and ‘real estate’ industries recorded lower profits in 2010-11. Industries which recorded significant growth in bank borrowings were ‘cotton textiles’, ‘machinery and machine tools’, and ‘motor vehicles and other transport equipments’ industries.
Table 6A: Industry-wise performance |
(Per cent) |
A. Growth Rates of select items |
Select Industry Group |
Number of companies |
Sales |
EBITDA |
Bank borrowings |
2009-10 |
2010-11 |
2009-10 |
2010-11 |
2009-10 |
2010-11 |
Mining and quarrying |
32 |
-20.5 |
25.3 |
24.0 |
14.7 |
19.0 |
26.3 |
Manufacturing |
1027 |
8.5 |
25.7 |
23.9 |
20.3 |
15.8 |
22.1 |
Of which : |
|
|
|
|
|
|
|
1. Food products and beverages |
103 |
11.5 |
18.1 |
8.0 |
32.7 |
41.7 |
34.1 |
2. Cotton Textiles |
45 |
43.2 |
52.8 |
89.0 |
53.3 |
16.6 |
45.8 |
3. Man-made textiles |
20 |
10.4 |
19.6 |
-3.0 |
20.0 |
-7.8 |
5.6 |
4. Chemicals and chemical products |
147 |
10.6 |
17.9 |
14.0 |
-6.9 |
15.2 |
14.4 |
5. Pharmaceuticals and medicines |
42 |
14.8 |
10.2 |
8.8 |
-9.6 |
-21.7 |
15.3 |
6. Plastic products |
45 |
26.2 |
10.0 |
56.8 |
9.4 |
46.5 |
14.5 |
7. Iron and steel |
59 |
9.6 |
19.6 |
26.3 |
103.5 |
7.1 |
-6.7 |
8. Machinery and machine tools |
97 |
-5.0 |
57.5 |
7.5 |
42.2 |
-35.5 |
41.1 |
9. Electrical machinery and apparatus |
64 |
2.4 |
19.1 |
28.1 |
-2.4 |
10.3 |
9.5 |
10. Motor vehicles and other transport equipments |
52 |
28.8 |
25.1 |
46.5 |
20.1 |
6.7 |
73.5 |
Construction |
71 |
19.2 |
38.0 |
43.9 |
21.0 |
-5.7 |
4.6 |
Services |
632 |
11.5 |
21.0 |
41.4 |
34.4 |
3.0 |
11.4 |
Of which : |
|
|
|
|
|
|
|
1. Transport, storage and communications |
58 |
12.7 |
24.0 |
147.3 |
20.1 |
20.1 |
-9.1 |
2. Real estate |
64 |
47.7 |
7.3 |
41.8 |
-1.5 |
-5.6 |
15.9 |
3. Computer and related activities |
103 |
11.5 |
16.2 |
12.9 |
13.7 |
-15.5 |
8.3 |
All industries |
1850 |
9.0 |
24.9 |
32.1 |
25.2 |
7.9 |
14.7 |
Table 6B: Select Financial Ratios |
(Per cent) |
Select Industry Group |
EBITDA to sales |
Debt to equity |
Tax provision to EBT* |
2008-09 |
2009-10 |
2010-11 |
2008-09 |
2009-10 |
2010-11 |
2008-09 |
2009-10 |
2010-11 |
Mining and quarrying |
6.4 |
9.9 |
9.1 |
41.0 |
46.5 |
33.5 |
40.4 |
37.1 |
34.4 |
Manufacturing |
6.2 |
7.0 |
6.7 |
17.4 |
18.8 |
17.6 |
34.9 |
32.1 |
30.2 |
Of which : |
|
|
|
|
|
|
|
|
|
1. Food products and beverages |
2.8 |
2.7 |
3.1 |
16.6 |
29.3 |
20.4 |
28.0 |
28.2 |
24.2 |
2. Cotton Textiles |
7.8 |
10.3 |
10.3 |
87.6 |
71.5 |
93.4 |
-129.5 |
26.3 |
26.5 |
3. Man-made textiles |
12.8 |
11.2 |
11.2 |
71.8 |
59.9 |
54.9 |
16.7 |
23.2 |
24.4 |
4. Chemicals and chemical products |
10.2 |
10.5 |
8.3 |
9.1 |
9.9 |
9.2 |
30.1 |
27.4 |
28.0 |
5. Pharmaceuticals and medicines |
7.7 |
7.3 |
6.0 |
19.7 |
13.1 |
12.0 |
37.2 |
26.3 |
24.5 |
6. Plastic products |
6.7 |
8.3 |
8.3 |
16.5 |
16.3 |
17.3 |
34.1 |
22.2 |
22.4 |
7. Iron and steel |
6.0 |
6.9 |
11.8 |
53.1 |
45.0 |
30.7 |
33.8 |
29.5 |
33.5 |
8. Machinery and machine tools |
9.0 |
10.2 |
9.2 |
6.5 |
9.5 |
11.9 |
41.3 |
38.0 |
31.7 |
9. Electrical machinery and apparatus |
8.8 |
11.0 |
9.0 |
18.4 |
12.9 |
11.9 |
32.6 |
21.6 |
34.6 |
10. Motor vehicles and other transport equipments |
10.8 |
12.3 |
11.8 |
9.5 |
10.3 |
23.0 |
37.3 |
46.5 |
36.5 |
Construction |
25.3 |
30.5 |
26.8 |
61.2 |
34.6 |
54.7 |
21.3 |
20.4 |
23.5 |
Services |
7.1 |
9.0 |
9.9 |
20.6 |
19.6 |
20.2 |
27.9 |
27.2 |
32.2 |
Of which : |
|
|
|
|
|
|
|
|
|
1. Transport, storage and communications |
5.1 |
11.2 |
10.9 |
18.2 |
21.8 |
30.8 |
42.2 |
26.0 |
35.5 |
2. Real estate |
27.4 |
26.3 |
24.1 |
54.4 |
53.2 |
58.9 |
30.4 |
32.4 |
31.9 |
3. Computer and related activities |
17.0 |
17.2 |
16.8 |
10.0 |
7.9 |
7.3 |
18.8 |
20.3 |
30.8 |
All industries |
7.5 |
9.1 |
9.2 |
25.8 |
22.1 |
23.4 |
30.3 |
28.6 |
29.5 |
* Calculated based on companies which made profit in all the three years during 2008-09 to 2010-11. |
EBITDA margin decreased across all industries with the exceptions of ‘food products and beverages ‘ and ‘iron and steel’ industries. Debt-equity ratio continued to be at very high level in ‘cotton textiles’ (93.4 per cent), ‘real estate’ (58.9 per cent), ‘man-made textiles’ (54.9 per cent) and ‘construction’ (54.7 per cent) industries during 2010-11. Concluding Observations The aggregate results of the select 1,850 nongovernment non-financial private limited companies revealed that their sales growth recovered in 2010-11 from the lower level observed in 2009-10. However, higher growth in manufacturing expenses, remuneration to employees and interest payments led to lower growth in profits. Profit margin decreased marginally in 2010-11. Companies in the smallest size class (in terms of sales) recorded decline in sales for the second consecutive year. On the other hand, for companies in large size classes (in terms of sales/PUC), financial performance, in terms of growth in sales and profit, was better. Debt to equity ratio of select companies remained at a low level. With lower rate of gross fixed asset formation, gross fixed asset growth was muted but inventories (of raw material as well as finished goods) moved up sharply. There is an evidence of increasing use of trade credit in financing business of select companies.
Statement 1: Growth Rates of the Select Items of the Select 1,850 Non-Government Non-Financial Private Limited Companies: 2009-10 and 2010-11 |
(Per cent) |
Item |
2009-10 |
2010-11 |
1 |
2 |
1 Sales+ |
9.0 |
24.9 |
2 Value of production |
8.9 |
25.6 |
3 Total Income |
9.2 |
24.2 |
4 Manufacturing expenses |
7.1 |
27.1 |
5 Remuneration to employees |
10.8 |
24.4 |
6 EBITDA |
32.1 |
25.2 |
7 Depreciation provision |
16.0 |
10.7 |
8 EBIT |
29.7 |
14.0 |
9 Interest |
12.1 |
17.8 |
10 EBT before non-operating surplus/deficit |
36.5 |
12.8 |
11 Non-operating surplus/deficit |
35.5 |
52.2 |
12 EBT |
36.4 |
15.9 |
13 Tax provision |
24.6 |
19.7 |
14 Net profits |
42.7 |
14.1 |
15 Dividend paid |
37.8 |
18.7 |
16 Retained earnings |
44.2 |
12.7 |
17 Gross saving |
29.6 |
11.8 |
18 (a) Gross value added |
18.7 |
17.5 |
(b) Net value added |
19.1 |
18.7 |
19 Net worth @ |
16.2 |
14.5 |
20 Total borrowings @ |
9.6 |
17.0 |
Of which, from banks @ |
7.9 |
14.7 |
21 Trade dues and other current liabilities @ |
16.9 |
28.6 |
22 (a) Gross fixed assets @ |
14.3 |
13.3 |
(b) Net fixed assets @ |
11.4 |
10.9 |
23 Inventories @ |
13.2 |
29.3 |
24 (a) Gross physical assets @ |
14.0 |
17.5 |
(b) Net physical assets @ |
12.0 |
17.3 |
25 (a) Total gross assets @ |
15.5 |
18.8 |
(b) Total net assets @ |
14.7 |
18.9 |
26 Total earnings in foreign currencies |
-3.6 |
29.4 |
Of which, Exports |
-13.6 |
24.2 |
27 Total expenditure in foreign currencies |
-7.6 |
39.4 |
Of which, Imports |
-10.9 |
53.1 |
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. |
Statement 2: Select Financial Ratios of Select Items of the Select 1,850 Non-Government Non-Financial Private Limited Companies: 2008-09 to 2010-11 |
(Per cent) |
SELECT FINANCIAL RATIOS |
2008-09 |
2009-10 |
2010-11 |
1 |
2 |
3 |
A. Capital structure ratios |
|
|
|
1 Net fixed assets to total net assets |
32.3 |
31.4 |
29.4 |
2 Net worth to total net assets |
43.9 |
44.5 |
42.9 |
3 Debt to equity |
25.8 |
22.1 |
23.4 |
4 Debt to equity (equity adjusted for revaluation reserve) |
26.4 |
22.6 |
23.8 |
5 Short term bank borrowings to inventories |
68.8 |
73.4 |
62.7 |
6 Total outside liabilities to net worth |
127.7 |
124.7 |
133.1 |
B. Liquidity ratios |
|
|
|
7 Current assets to current liabilities** |
1.3 |
1.3 |
1.3 |
8 Quick assets to current liabilities |
57.0 |
59.6 |
59.4 |
9 Current assets to total net assets |
55.7 |
56.7 |
59.9 |
10 Sundry creditors to current assets |
26.4 |
25.9 |
27.5 |
11 Sundry creditors to net working capital |
128.6 |
128.0 |
121.8 |
C. Assets utilization and turnover ratios |
|
|
|
12 Sales to total net assets^ |
|
95.2 |
101.6 |
13 Sales to gross fixed assets^ |
|
208.4 |
228.4 |
14 Inventories to sales |
17.8 |
18.5 |
19.2 |
15 Sundry debtors to sales |
16.6 |
17.6 |
18.0 |
16 Exports to sales |
12.5 |
9.9 |
9.8 |
17 Gross value added to gross fixed assets^ |
|
54.2 |
55.9 |
18 Raw materials consumed to value of production |
57.3 |
56.0 |
56.9 |
D. Sources and uses of funds ratios @ |
|
|
|
19 Gross fixed assets formation to total uses of funds |
|
37.8 |
29.0 |
20 Gross capital formation to total uses of funds |
|
50.6 |
52.2 |
21 External sources of funds to total sources of funds |
|
56.8 |
68.1 |
22 Increase in bank borrowings to total external sources |
|
16.4 |
19.9 |
23 Gross savings to gross capital formation |
|
92.3 |
72.3 |
E. Profitability and profit allocation ratios |
|
|
|
24 EBIT to total net assets |
7.7 |
8.7 |
8.3 |
25 EBIT to sales |
8.2 |
9.8 |
8.9 |
26 Net profits to net worth |
9.0 |
11.0 |
10.9 |
27 EBITDA to sales |
7.5 |
9.1 |
9.2 |
28 Tax provision to EBT* |
30.3 |
28.6 |
29.5 |
29 Retained earnings to net profits* |
80.4 |
80.2 |
79.5 |
30 Dividends to net worth |
2.1 |
2.5 |
2.6 |
31 Ordinary dividends to ordinary paid-up capital |
5.3 |
6.7 |
7.4 |
** Item B.7 is the actual ratio of current assets to current liabilities. @ Available for two years, as these are worked based on sources and uses of funds taking difference between two successive years. These ratios are adjusted for revaluation etc. * Calculated based on companies which made profits during the year. ^ Calculated based on average total net assets and gross fixed assets during the year. Ratio for the year 2008-09, therefore was not available. |
Statement 3: Combined Income, Value of Production, Expenditure and Appropriation Accounts of the Select 1,850 Non-Government Non-Financial Private Limited Companies : 2008-09 to 2010-11 |
(` Million) |
Item |
2008-09 |
2009-10 |
2010-11 |
1 |
2 |
3 |
Income and value of Production |
|
|
|
1 Sales + |
12,19,404 |
13,28,584 |
16,59,062 |
2 Increase(+) or decrease(-) in value of stock of finished goods and work in progress |
19,262 |
20,407 |
34,759 |
3 Value of production (1+2) |
12,38,666 |
13,48,992 |
16,93,821 |
4 Other income |
50,143 |
57,070 |
49,886 |
Of which, (a) Dividends |
2,349 |
2,118 |
2,019 |
(b) Interest |
8,977 |
8,737 |
14,533 |
(c) Rent |
1,785 |
1,434 |
1,682 |
5 Non-operating surplus(+)/ deficit(-) |
6,108 |
8,277 |
12,595 |
6 Total (3+4+5) |
12,94,917 |
14,14,338 |
17,56,302 |
Expenditure and Appropriations |
|
|
|
7 Raw materials, components, etc., consumed |
7,09,874 |
7,55,382 |
9,63,915 |
8 Stores and spares consumed |
27,698 |
29,375 |
46,394 |
9 Power and fuel |
22,469 |
26,882 |
36,022 |
10 Other manufacturing expenses |
58,743 |
65,332 |
68,590 |
11 Salaries, wages and bonus |
1,24,408 |
1,38,520 |
1,70,818 |
12 Provident fund |
7,036 |
7,726 |
9,617 |
13 Employees' welfare expenses |
8,844 |
9,256 |
12,932 |
14 Managerial remuneration |
6,381 |
6,987 |
10,017 |
15 Royalty |
2,301 |
2,647 |
3,960 |
16 Repairs to buildings |
2,181 |
2,528 |
2,975 |
17 Repairs to machinery |
4,366 |
4,867 |
6,122 |
18 Bad debts |
3,354 |
2,219 |
2,501 |
19 Selling commission |
4,080 |
4,114 |
5,067 |
20 Rent |
15,537 |
16,916 |
19,185 |
21 Rates and taxes |
4,485 |
4,506 |
5,282 |
22 Advertisement |
11,819 |
14,557 |
18,401 |
23 Insurance |
2,461 |
2,384 |
3,105 |
24 Research and development |
356 |
710 |
1,340 |
25 Other expenses |
1,28,350 |
1,29,894 |
1,52,349 |
26 Other provisions (other than tax and depreciation) |
2,078 |
2,876 |
3,340 |
27 EBITDA |
91,844 |
1,21,313 |
1,51,888 |
28 Depreciation provision |
41,928 |
48,637 |
53,856 |
29 EBIT |
1,00,059 |
1,29,746 |
1,47,918 |
30 Less: Interest |
28,085 |
31,493 |
37,094 |
31 EBT before Non-operating surplus(+)/ deficit(-) |
71,974 |
98,253 |
1,10,824 |
32 Non-operating surplus(+)/ deficit(-) |
6,108 |
8,277 |
12,595 |
33 EBT |
78,082 |
1,06,529 |
1,23,420 |
34 Less: Tax provision |
26,895 |
33,498 |
40,099 |
35 Net profits |
51,187 |
73,031 |
83,320 |
36 Dividends |
12,036 |
16,588 |
19,697 |
(a) Ordinary |
11,771 |
16,421 |
19,256 |
(b) Preference |
264 |
168 |
441 |
37 Retained earnings |
39,151 |
56,442 |
63,624 |
38 Total (7 to 26 + 28 + 29 + 32) |
12,94,917 |
14,14,338 |
17,56,302 |
+ Net of 'rebates and discounts' and 'excise duty and cess'. |
Statement 4: Combined Balance Sheet of the Select 1,850 Non-Government Non-Financial Private Limited Companies: 2008-09 to 2010-11 |
(` Million) |
CAPITAL AND LIABILITIES |
2008-09 |
2009-10 |
2010-11 |
1 |
2 |
3 |
A. Share capital |
2,63,150 |
2,88,342 |
3,02,512 |
1 Paid-up capital |
2,63,151 |
2,88,337 |
3,02,767 |
(a) Ordinary |
2,21,701 |
2,44,782 |
2,60,930 |
Of which, bonus |
7,474 |
8,621 |
6,537 |
(b) Preference |
41,450 |
43,555 |
41,836 |
2 Forfeited shares |
-1 |
5 |
-255 |
B. Reserves and surplus |
3,07,871 |
3,75,432 |
4,59,253 |
3 Capital reserve |
1,08,074 |
1,19,304 |
1,42,825 |
Of which, premium on shares |
85,490 |
95,493 |
1,12,598 |
4 Investment allowance reserve |
51 |
61 |
68 |
5 Sinking funds |
7 |
11 |
55 |
6 Other reserves |
1,99,738 |
2,56,057 |
3,16,304 |
C. Borrowings |
3,78,163 |
4,14,438 |
4,84,705 |
7 Debentures @ |
7,761 |
8,033 |
11,594 |
8 Loans and advances |
3,66,439 |
4,01,594 |
4,68,785 |
(a) From banks |
2,65,080 |
2,86,080 |
3,28,254 |
Of which, short-term borrowings |
1,49,692 |
1,80,679 |
1,99,637 |
(b) From other Indian financial institutions |
12,647 |
20,635 |
25,258 |
(c) From foreign institutional agencies |
4,965 |
4,213 |
5,488 |
(d) From Government and semi-Government bodies |
1,260 |
1,739 |
1,238 |
(e) From companies |
40,530 |
42,090 |
63,077 |
(f) From others |
41,957 |
46,837 |
45,471 |
9 Deferred payments |
1,326 |
886 |
730 |
10 Public deposits |
2,637 |
3,924 |
3,595 |
Of total borrowings, debt |
1,47,299 |
1,46,999 |
1,77,898 |
D. Trade dues and other current liabilities |
3,22,968 |
3,77,626 |
4,85,577 |
11 Sundry creditors |
1,91,181 |
2,19,008 |
2,92,114 |
12 Acceptances |
2,048 |
2,467 |
4,010 |
13 Liabilities to companies |
1,673 |
3,345 |
2,924 |
14 Advances/ deposits from customers, agents, etc. |
49,868 |
66,457 |
89,429 |
15 Interest accrued on loans |
2,515 |
2,719 |
2,322 |
16 Others |
75,683 |
83,631 |
94,779 |
E. Provisions |
28,276 |
36,056 |
43,253 |
17 Taxation (net of advance of income-tax) |
- |
- |
- |
18 Dividends |
8,917 |
11,395 |
15,829 |
19 Other current provisions |
12,850 |
17,876 |
15,685 |
20 Non-current provisions |
6,509 |
6,784 |
11,740 |
F. 21 Miscellaneous non-current liabilities |
7 |
-160 |
2 |
22 TOTAL |
13,00,435 |
14,91,735 |
17,75,301 |
@ Include privately placed debentures. - Nil or negligible. |
Statement 4: Combined Balance Sheet of the Select 1,850 Non-Government Non-Financial Private Limited Companies: 2008-09 to 2010-11 (Concld.) |
(` Million) |
ASSETS |
2008-09 |
2009-10 |
2010-11 |
1 |
2 |
3 |
G. Gross fixed assets |
5,94,898 |
6,80,350 |
7,72,471 |
23 Land |
55,482 |
63,197 |
60,337 |
24 Buildings |
1,02,956 |
1,20,369 |
1,55,963 |
25 Plant and machinery |
2,72,442 |
3,13,179 |
3,60,343 |
26 Capital work-in-progress |
61,653 |
68,578 |
74,800 |
27 Furniture, fixtures and office equipments |
44,222 |
54,958 |
60,304 |
28 Others |
58,143 |
60,069 |
60,725 |
H. 29 Depreciation |
1,74,749 |
2,12,120 |
2,51,032 |
I. 30 Net fixed assets |
4,20,149 |
4,68,230 |
5,21,439 |
J. Inventories |
2,17,526 |
2,46,223 |
3,18,469 |
31 Raw materials, components, etc. |
61,081 |
68,771 |
1,00,174 |
32 Finished goods |
52,787 |
66,779 |
85,235 |
33 Work-in-progress |
66,502 |
72,918 |
89,220 |
34 Stores and spares |
13,995 |
15,127 |
19,249 |
35 Others |
23,161 |
22,628 |
24,591 |
K. Loans and advances and other debtor balances |
3,74,981 |
4,22,080 |
5,35,745 |
36 Sundry debtors |
2,02,448 |
2,34,436 |
2,98,161 |
37 Loans and advances |
1,22,960 |
1,29,457 |
1,58,742 |
(a) To subsidiaries and companies under the same management |
17,327 |
19,184 |
25,260 |
(b) Others |
1,05,633 |
1,10,274 |
1,33,482 |
38 Interest accrued on loans and advances |
2,158 |
1,923 |
1,761 |
39 Deposits/ balances with Government/ others |
29,029 |
35,200 |
39,201 |
40 Others |
18,385 |
21,064 |
37,879 |
L. Investments |
93,897 |
1,12,316 |
1,27,955 |
Of which, quoted investments |
3,157 |
4,253 |
7,872 |
41 Foreign |
223 |
294 |
1,183 |
42 Indian |
93,674 |
1,12,022 |
1,26,771 |
(a) Government/ semi-Government securities |
250 |
1,784 |
2,072 |
(b) Securities of Financial Institutions |
15,893 |
15,971 |
19,854 |
(c) Industrial securities |
31,288 |
36,943 |
42,400 |
(d) Shares and debentures of subsidiaries |
36,413 |
31,546 |
38,327 |
(e) Others |
9,830 |
25,776 |
24,118 |
M. 43 Advance of income-tax (net of tax provision) |
6,142 |
9,456 |
18,552 |
N. Other assets |
65,284 |
69,996 |
70,026 |
44 Immovable property |
14,967 |
17,433 |
19,149 |
45 Intangible assets |
38,401 |
52,441 |
50,772 |
46 Miscellaneous non-current assets |
11,916 |
122 |
105 |
O. Cash and bank balances |
1,22,456 |
1,63,434 |
1,83,115 |
47 Fixed deposits with banks |
73,041 |
1,02,806 |
1,13,114 |
48 Other bank balances |
42,497 |
51,160 |
67,021 |
49 Cash in hand |
6,919 |
9,468 |
2,980 |
50 TOTAL (I to O) |
13,00,435 |
14,91,735 |
17,75,301 |
Statement 5: Sources and Uses of Funds of the Select 1,850 Non-Government Non-Financial Private Limited Companies: 2009-10 and 2010-11 |
(` Million) |
SOURCES OF FUNDS |
2009-10 |
2010-11 |
1 |
2 |
INTERNAL SOURCES |
97,261 |
99,417 |
A. 1 Paid-up capital# |
612 |
-139 |
B. Reserves and Surplus |
54,977 |
62,457 |
2 Capital reserve |
-1,303 |
2,160 |
3 Investment allowance reserve |
10 |
8 |
4 Sinking funds |
4 |
44 |
5 Other reserves |
56,266 |
60,246 |
C. Provisions |
41,672 |
37,099 |
6 Depreciation |
37,206 |
38,999 |
7 Taxation (net of advance of income tax) |
-3,314 |
-9,097 |
8 Dividends |
2,478 |
4,434 |
9 Other current provisions |
5,026 |
-2,192 |
10 Non-current provisions |
276 |
4,955 |
EXTERNAL SOURCES |
1,27,793 |
2,12,022 |
D. Paid-up capital |
35,943 |
32,269 |
11 Net issues |
24,579 |
14,309 |
12 Premium on shares |
11,363 |
17,960 |
E. 13 Capital receipts |
1,084 |
1,374 |
F. Borrowings |
36,274 |
70,267 |
14 Debentures |
272 |
3,561 |
15 Loans and advances |
35,155 |
67,191 |
(a) From banks |
21,001 |
42,173 |
(b) From other Indian financial institutions |
7,988 |
4,623 |
(c) From foreign institutional agencies |
-752 |
1,275 |
(d) From Government and semi-Government bodies |
479 |
-502 |
(e) From companies |
1,559 |
20,987 |
(f) From others |
4,880 |
-1,366 |
16 Deferred payments |
-440 |
-156 |
17 Public deposits |
1,287 |
-329 |
G. Trade dues and other current liabilities |
54,659 |
1,07,950 |
18 Sundry creditors |
27,827 |
73,106 |
19 Acceptances |
419 |
1,544 |
20 Liabilities to companies |
1,672 |
-421 |
21 Advances/ deposits from customers, agents, etc. |
16,590 |
22,971 |
22 Interest accruded on loans |
204 |
-397 |
23 Others |
7,948 |
11,148 |
H. 24 Miscellaneous non-current liabilities |
-167 |
162 |
25 TOTAL |
2,25,054 |
3,11,439 |
# Capitalised 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 1,850 Non-Government Non-Financial Private Limited Companies: 2009-10 and 2010-11 (Concld.) |
(` Million) |
USES OF FUNDS |
2009-10 |
2010-11 |
1 |
2 |
I. Gross fixed assets |
85,149 |
90,179 |
26 Land |
7,689 |
-2,931 |
27 Buildings |
17,400 |
33,723 |
28 Plant and machinery |
40,555 |
47,164 |
29 Capital work-in-progress |
6,925 |
6,221 |
30 Furniture, fixtures and office equipments |
10,693 |
5,346 |
31 Others |
1,886 |
657 |
J. Inventories |
28,697 |
72,246 |
32 Raw materials, components, etc. |
7,690 |
31,403 |
33 Finished goods |
13,992 |
18,457 |
34 Work-in-progress |
6,416 |
16,302 |
35 Stores and spares |
1,132 |
4,122 |
36 Others |
-533 |
1,963 |
K. Loans and advances and other debtor balances |
47,099 |
1,13,665 |
37 Sundry debtors |
31,988 |
63,724 |
38 Loans and advances |
6,497 |
29,285 |
a) To subsidiaries and companies under the same management |
1,856 |
6,077 |
b) Others |
4,640 |
23,208 |
39 Interest accrued on loans and advances |
-236 |
-161 |
40 Deposits/ balances with Government/ others |
6,171 |
4,001 |
41 Others |
2,679 |
16,815 |
L. 42 Investments |
18,419 |
15,639 |
M. 43 Other assets |
4,713 |
30 |
N. 44 Cash and bank balances |
40,978 |
19,680 |
45 TOTAL |
2,25,054 |
3,11,439 |
Statement 6: Earnings/ Expenditure in Foreign Currencies of the Select 1,850 Non-Government Non-Financial Private Limited Companies: 2008-09 to 2010-11 |
(` Million) |
Item |
2008-09 |
2009-10 |
2010-11 |
1 |
2 |
3 |
I. Expenditure in foreign currencies |
2,41,850 |
2,23,365 |
3,11,442 |
(a) Imports (on c.i.f. basis) |
1,95,692 |
1,74,430 |
2,67,025 |
Of which: i) Raw materials |
1,19,110 |
1,17,818 |
1,34,477 |
ii) Capital goods |
29,550 |
14,579 |
21,534 |
iii) Stores and spares |
14,735 |
17,405 |
21,823 |
(b) Other expenditure in foreign currencies |
46,158 |
48,935 |
44,418 |
II. Earnings in foreign currencies |
2,13,844 |
2,06,067 |
2,66,667 |
Of which: Exports (on f.o.b. basis) |
1,51,929 |
1,31,207 |
1,62,954 |
III. Net inflow (+) / outflow (-) in foreign currencies |
-28,006 |
-17,299 |
-44,775 |
Statement 7: Growth Rates of the Select Items of the Select 1,850 Non-Government Non-Financial Private Limited Companies: 2009-10 and 2010-11 |
(Per cent) |
Item |
Manufacturing (1027) |
Services (632) |
Computer and Related activities (103) |
2009- 10 |
2010-11 |
2009-10 |
2010-11 |
2009- 10 |
2010- 11 |
1 |
2 |
3 |
4 |
5 |
6 |
1 Sales+ |
8.5 |
25.7 |
11.5 |
21.0 |
11.5 |
16.2 |
2 Value of production |
9.7 |
25.7 |
10.6 |
23.0 |
11.2 |
16.1 |
3 Total Income |
10.1 |
25.1 |
10.1 |
19.2 |
8.4 |
15.7 |
4 Manufacturing expenses |
9.3 |
26.5 |
9.2 |
22.3 |
32.1 |
1.6 |
5 Remuneration to employees |
10.2 |
29.2 |
10.5 |
23.2 |
10.5 |
23.1 |
6 EBITDA |
23.9 |
20.3 |
41.4 |
34.4 |
12.9 |
13.7 |
7 Depreciation provision |
15.0 |
9.3 |
13.6 |
7.5 |
14.7 |
0.5 |
8 EBIT |
21.6 |
15.4 |
36.5 |
-0.2 |
3.9 |
23.9 |
9 Interest |
5.8 |
13.0 |
17.4 |
11.8 |
29.9 |
-15.6 |
10 EBT before non-operating surplus/deficit |
28.0 |
16.2 |
42.6 |
-3.4 |
2.4 |
27.0 |
11 Non-operating surplus/deficit |
# |
89.2 |
-39.4 |
42.1 |
-43.4 |
-27.7 |
12 EBT |
35.9 |
20.5 |
27.3 |
0.6 |
-7.5 |
19.8 |
13 Tax provision |
19.4 |
13.4 |
21.2 |
19.7 |
-0.6 |
81.9 |
14 Net profits |
47.1 |
24.4 |
30.2 |
-7.5 |
-9.1 |
3.8 |
15 Dividend paid |
45.5 |
-14.8 |
25.8 |
72.8 |
-4.9 |
244.2 |
16 Retained earnings |
47.7 |
36.2 |
31.5 |
-30.4 |
-10.1 |
-56.9 |
17 Gross saving |
29.6 |
23.0 |
22.9 |
-13.6 |
-0.8 |
-32.1 |
18 (a) Gross value added |
16.3 |
20.0 |
17.8 |
15.2 |
9.7 |
19.9 |
(b) Net value added |
16.5 |
22.1 |
18.4 |
16.1 |
9.3 |
21.8 |
19 Net worth @ |
16.2 |
15.7 |
15.3 |
11.2 |
17.2 |
4.2 |
20 Total borrowings @ |
11.7 |
22.7 |
6.4 |
10.7 |
-8.8 |
12.2 |
Of which, from banks @ |
15.8 |
22.1 |
3.0 |
11.4 |
-15.5 |
8.3 |
21 Trade dues and other current liabilities @ |
20.4 |
38.4 |
13.4 |
15.2 |
4.7 |
9.8 |
22 (a) Gross fixed assets @ |
12.7 |
14.4 |
13.9 |
10.2 |
11.5 |
10.0 |
(b) Net fixed assets @ |
9.7 |
13.5 |
9.9 |
5.5 |
0.8 |
-0.2 |
23 Inventories @ |
21.4 |
34.6 |
2.9 |
21.5 |
0.5 |
-3.1 |
24 (a) Gross physical assets @ |
15.1 |
20.4 |
11.2 |
12.8 |
11.2 |
9.8 |
(b) Net physical assets @ |
14.0 |
21.8 |
7.7 |
10.3 |
0.8 |
-0.3 |
25 (a) Total gross assets @ |
16.3 |
22.0 |
14.0 |
13.9 |
14.4 |
13.3 |
(b) Total net assets @ |
15.9 |
23.1 |
12.9 |
13.1 |
12.2 |
11.8 |
26 Total earnings in foreign currencies |
-22.2 |
42.1 |
15.3 |
20.2 |
3.8 |
28.5 |
Of which, Exports |
-21.6 |
37.9 |
-3.8 |
3.8 |
-18.6 |
15.9 |
27 Total expenditure in foreign currencies |
-9.5 |
39.5 |
6.3 |
31.8 |
-47.7 |
27.2 |
Of which, Imports |
-12.3 |
62.0 |
5.1 |
33.3 |
-9.1 |
30.4 |
Note : Figure in bracket represents 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 or Denominator is negative or nil or negligible. |
Statement 7: Growth Rates of the Select Items of the Select 1,850 Non-Government Non-Financial Private Limited Companies: 2009-10 and 2010-11 (Contd.) |
(Per cent) |
Item |
Tea plantations (21) |
Mining and Quarrying (32) |
Food products and Beverages (103) |
2009-10 |
2010-11 |
2009-10 |
2010-11 |
2009- 10 |
2010- 11 |
7 |
8 |
9 |
10 |
11 |
12 |
1 Sales+ |
21.2 |
-6.8 |
-20.5 |
25.3 |
11.5 |
18.1 |
2 Value of production |
23.0 |
-6.3 |
-23.7 |
30.2 |
16.9 |
14.4 |
3 Total Income |
25.5 |
-6.8 |
-21.6 |
30.0 |
16.9 |
14.3 |
4 Manufacturing expenses |
19.4 |
-2.5 |
-29.4 |
35.4 |
19.1 |
12.5 |
5 Remuneration to employees |
14.7 |
-1.4 |
13.0 |
27.3 |
12.0 |
32.8 |
6 EBITDA |
107.7 |
-29.6 |
24.0 |
14.7 |
8.0 |
32.7 |
7 Depreciation provision |
15.9 |
5.4 |
5.3 |
19.5 |
7.1 |
6.2 |
8 EBIT |
112.1 |
-28.7 |
24.6 |
13.9 |
-2.5 |
34.8 |
9 Interest |
1.7 |
13.5 |
-25.6 |
18.1 |
7.7 |
31.1 |
10 EBT before non-operating surplus/deficit |
172.8 |
-37.4 |
42.7 |
13.1 |
-7.9 |
37.2 |
11 Non-operating surplus/deficit |
# |
-44.9 |
103.7 |
# |
252.1 |
-21.2 |
12 EBT |
209.8 |
-38.3 |
83.5 |
18.8 |
20.3 |
28.6 |
13 Tax provision |
156.2 |
-24.3 |
63.7 |
9.3 |
4.7 |
9.1 |
14 Net profits |
227.9 |
-42.0 |
98.0 |
24.5 |
32.4 |
40.7 |
15 Dividend paid |
96.8 |
-42.0 |
523.1 |
14.5 |
-76.2 |
83.7 |
16 Retained earnings |
258.5 |
-42.0 |
80.9 |
25.8 |
48.8 |
39.7 |
17 Gross saving |
165.4 |
-34.0 |
42.2 |
23.4 |
24.3 |
22.7 |
18 (a) Gross value added |
43.6 |
-14.4 |
24.9 |
12.0 |
5.5 |
32.8 |
(b) Net value added |
45.8 |
-15.6 |
29.4 |
10.6 |
5.1 |
39.3 |
19 Net worth @ |
29.6 |
12.6 |
25.1 |
22.4 |
19.7 |
20.3 |
20 Total borrowings @ |
-1.9 |
24.4 |
17.0 |
16.9 |
36.3 |
35.9 |
Of which, from banks @ |
-1.0 |
10.4 |
19.0 |
26.3 |
41.7 |
34.1 |
21 Trade dues and other current liabilities @ |
10.6 |
-4.6 |
43.1 |
10.2 |
32.6 |
10.2 |
22 (a) Gross fixed assets @ |
5.5 |
13.1 |
13.0 |
21.3 |
12.9 |
15.2 |
(b) Net fixed assets @ |
0.1 |
12.8 |
11.0 |
23.9 |
9.7 |
14.5 |
23 Inventories @ |
20.5 |
35.3 |
16.6 |
39.4 |
37.3 |
20.6 |
24 (a) Gross physical assets @ |
9.0 |
18.9 |
13.8 |
25.6 |
22.1 |
17.5 |
(b) Net physical assets @ |
6.4 |
20.6 |
12.7 |
29.0 |
22.8 |
17.7 |
25 (a) Total gross assets @ |
12.2 |
12.8 |
23.8 |
17.4 |
27.0 |
22.1 |
(b) Total net assets @ |
11.6 |
12.7 |
25.2 |
17.6 |
28.2 |
22.9 |
26 Total earnings in foreign currencies |
15.7 |
-64.3 |
10.9 |
-2.5 |
-20.0 |
12.0 |
Of which, Exports |
15.5 |
-64.2 |
9.8 |
-3.0 |
-20.6 |
11.1 |
27 Total expenditure in foreign currencies |
16.7 |
-98.9 |
-59.2 |
100.8 |
25.1 |
-26.2 |
Of which, Imports |
17.3 |
-99.5 |
-59.6 |
100.5 |
37.0 |
29.1 |
Statement 7: Growth Rates of the Select Items of the Select 1,850 Non-Government Non-Financial Private Limited Companies: 2009-10 and 2010-11 (Contd.) |
(Per cent) |
Item |
Cotton textiles (45) |
Man-made textiles (20) |
Wearing apparel (24) |
2009-10 |
2010-11 |
2009-10 |
2010-11 |
2009-10 |
2010-11 |
13 |
14 |
15 |
16 |
17 |
18 |
1 Sales+ |
43.2 |
52.8 |
10.4 |
19.6 |
7.5 |
28.7 |
2 Value of production |
46.1 |
54.6 |
11.3 |
20.2 |
7.2 |
28.9 |
3 Total Income |
45.8 |
52.9 |
13.2 |
20.0 |
6.8 |
27.8 |
4 Manufacturing expenses |
48.8 |
59.3 |
13.1 |
19.8 |
6.3 |
23.6 |
5 Remuneration to employees |
15.8 |
27.0 |
31.1 |
14.6 |
2.6 |
53.2 |
6 EBITDA |
89.0 |
53.3 |
-3.0 |
20.0 |
157.0 |
25.1 |
7 Depreciation provision |
38.8 |
19.0 |
5.0 |
4.2 |
-3.4 |
12.1 |
8 EBIT |
116.7 |
82.3 |
0.7 |
35.2 |
54.3 |
9.0 |
9 Interest |
24.0 |
38.8 |
-1.0 |
-2.8 |
-2.3 |
10.8 |
10 EBT before non-operating surplus/deficit |
# |
161.6 |
2.3 |
70.5 |
121.2 |
8.1 |
11 Non-operating surplus/deficit |
# |
-145.4 |
405.7 |
-43.6 |
-172.0 |
213.2 |
12 EBT |
# |
85.3 |
35.5 |
49.6 |
78.6 |
21.0 |
13 Tax provision |
114.9 |
86.5 |
87.3 |
56.7 |
4.8 |
-9.2 |
14 Net profits |
423.9 |
84.9 |
24.9 |
47.4 |
203.5 |
38.7 |
15 Dividend paid |
-62.5 |
2.9 |
# |
-32.9 |
136.3 |
-44.6 |
16 Retained earnings |
380.5 |
86.2 |
11.3 |
58.2 |
64.1 |
2145.1 |
17 Gross saving |
116.7 |
35.2 |
7.4 |
25.3 |
3.4 |
96.5 |
18 (a) Gross value added |
53.0 |
43.2 |
6.3 |
19.3 |
15.2 |
38.8 |
(b) Net value added |
63.2 |
58.1 |
6.8 |
25.3 |
17.9 |
42.0 |
19 Net worth @ |
19.1 |
19.0 |
8.6 |
15.4 |
4.2 |
7.6 |
20 Total borrowings @ |
10.7 |
42.1 |
-7.2 |
7.9 |
1.9 |
18.9 |
Of which, from banks @ |
16.6 |
45.8 |
-7.8 |
5.6 |
10.2 |
31.2 |
21 Trade dues and other current liabilities @ |
-15.8 |
21.8 |
31.1 |
20.0 |
14.6 |
17.9 |
22 (a) Gross fixed assets @ |
7.3 |
19.9 |
4.7 |
11.9 |
7.8 |
11.4 |
(b) Net fixed assets @ |
0.6 |
20.2 |
-2.7 |
10.5 |
5.3 |
8.1 |
23 Inventories @ |
46.5 |
59.7 |
17.6 |
21.7 |
11.1 |
20.7 |
24 (a) Gross physical assets @ |
13.6 |
28.1 |
6.5 |
13.4 |
8.8 |
14.3 |
(b) Net physical assets @ |
10.8 |
31.8 |
1.5 |
13.2 |
7.5 |
13.2 |
25 (a) Total gross assets @ |
12.6 |
28.3 |
7.5 |
13.0 |
6.6 |
15.2 |
(b) Total net assets @ |
10.3 |
31.1 |
4.6 |
12.8 |
5.6 |
14.7 |
26 Total earnings in foreign currencies |
-32.2 |
76.3 |
-5.0 |
7.9 |
31.6 |
-9.2 |
Of which, Exports |
-32.5 |
76.3 |
-4.9 |
4.3 |
60.7 |
-9.5 |
27 Total expenditure in foreign currencies |
30.8 |
399.0 |
-51.6 |
9.7 |
221.3 |
49.9 |
Of which, Imports |
32.5 |
149.1 |
-52.2 |
10.2 |
412.1 |
63.7 |
Statement 7: Growth Rates of the Select Items of the Select 1,850 Non-Government Non-Financial Private Limited Companies: 2009-10 and 2010-11 (Contd.) |
(Per cent) |
Item |
Chemicals and Chemical products (147) |
Basic Chemicals (40) |
Paper and Paper Products (30) |
2009-10 |
2010-11 |
2009-10 |
2010-11 |
2009-10 |
2010-11 |
19 |
20 |
21 |
22 |
23 |
24 |
1 Sales+ |
10.6 |
17.9 |
14.0 |
18.9 |
25.3 |
29.1 |
2 Value of production |
10.7 |
19.5 |
13.0 |
19.3 |
25.6 |
29.7 |
3 Total Income |
11.6 |
19.8 |
12.7 |
19.4 |
26.8 |
27.1 |
4 Manufacturing expenses |
9.8 |
24.6 |
8.9 |
25.1 |
16.6 |
30.9 |
5 Remuneration to employees |
14.6 |
20.5 |
15.3 |
32.6 |
63.5 |
22.7 |
6 EBITDA |
14.0 |
-6.9 |
30.7 |
-8.9 |
109.0 |
52.4 |
7 Depreciation provision |
6.7 |
1.0 |
-2.4 |
4.9 |
41.1 |
6.0 |
8 EBIT |
13.9 |
1.6 |
26.5 |
-8.3 |
91.5 |
57.1 |
9 Interest |
-9.7 |
1.9 |
6.1 |
4.9 |
-1.9 |
3.9 |
10 EBT before non-operating surplus/deficit |
18.3 |
1.6 |
34.6 |
-12.5 |
421.1 |
92.4 |
11 Non-operating surplus/deficit |
252.9 |
69.2 |
69.1 |
113.8 |
# |
-116.1 |
12 EBT |
30.8 |
5.2 |
49.3 |
-9.5 |
# |
27.4 |
13 Tax provision |
18.5 |
6.2 |
-12.1 |
8.3 |
39.3 |
79.0 |
14 Net profits |
36.4 |
4.9 |
113.2 |
-17.2 |
# |
11.9 |
15 Dividend paid |
6.9 |
34.5 |
-18.8 |
208.9 |
-45.4 |
-58.5 |
16 Retained earnings |
38.1 |
3.6 |
137.7 |
-31.5 |
421.3 |
22.3 |
17 Gross saving |
26.6 |
2.8 |
51.2 |
-17.0 |
# |
14.8 |
18 (a) Gross value added |
12.6 |
5.8 |
17.2 |
5.1 |
65.4 |
34.1 |
(b) Net value added |
13.6 |
6.6 |
22.0 |
5.1 |
72.0 |
40.4 |
19 Net worth @ |
18.8 |
16.5 |
10.0 |
3.8 |
35.8 |
38.7 |
20 Total borrowings @ |
5.0 |
13.4 |
40.3 |
-6.3 |
6.2 |
15.0 |
Of which, from banks @ |
15.2 |
14.4 |
61.2 |
-19.8 |
4.8 |
16.1 |
21 Trade dues and other current liabilities @ |
9.3 |
28.9 |
7.3 |
35.4 |
64.9 |
6.3 |
22 (a) Gross fixed assets @ |
8.3 |
10.3 |
9.3 |
7.5 |
28.9 |
16.0 |
(b) Net fixed assets @ |
3.1 |
10.1 |
5.4 |
3.6 |
23.1 |
15.1 |
23 Inventories @ |
17.0 |
30.6 |
34.5 |
2.5 |
22.2 |
38.3 |
24 (a) Gross physical assets @ |
10.9 |
16.6 |
16.4 |
5.9 |
27.5 |
20.5 |
(b) Net physical assets @ |
8.4 |
18.5 |
16.1 |
3.1 |
22.8 |
21.6 |
25 (a) Total gross assets @ |
14.2 |
17.3 |
16.8 |
8.7 |
32.9 |
18.3 |
(b) Total net assets @ |
13.4 |
18.4 |
16.7 |
7.7 |
31.2 |
18.4 |
26 Total earnings in foreign currencies |
-32.0 |
86.4 |
16.2 |
74.3 |
-10.8 |
20.8 |
Of which, Exports |
-34.7 |
77.2 |
9.8 |
86.9 |
-10.7 |
25.3 |
27 Total expenditure in foreign currencies |
-4.9 |
84.0 |
21.4 |
85.2 |
-23.3 |
16.6 |
Of which, Imports |
-7.8 |
91.8 |
22.3 |
87.7 |
-30.4 |
15.9 |
Industry groups, viz., 'Basic chemicals' is subgroup of 'Chemicals and Chemical products' |
Statement 7: Growth Rates of the Select Items of the Select 1,850 Non-Government Non-Financial Private Limited Companies: 2009-10 and 2010-11 (Contd.) |
(Per cent) |
Item |
Pharmaceuticals and Medicines (42) |
Rubber and Plastic Products (69) |
Plastic Products (45) |
2009-10 |
2010-11 |
2009-10 |
2010-11 |
2009-10 |
2010-11 |
25 |
26 |
27 |
28 |
29 |
30 |
1 Sales+ |
14.8 |
10.2 |
22.1 |
26.5 |
26.2 |
10.0 |
2 Value of production |
14.1 |
12.1 |
21.9 |
27.4 |
25.1 |
11.6 |
3 Total Income |
15.5 |
13.0 |
22.7 |
26.1 |
26.3 |
11.7 |
4 Manufacturing expenses |
15.5 |
12.5 |
18.6 |
30.7 |
25.0 |
10.8 |
5 Remuneration to employees |
18.3 |
16.3 |
27.4 |
28.8 |
32.8 |
15.6 |
6 EBITDA |
8.8 |
-9.6 |
73.4 |
8.6 |
56.8 |
9.4 |
7 Depreciation provision |
8.1 |
1.5 |
13.6 |
22.2 |
13.7 |
16.1 |
8 EBIT |
13.7 |
7.9 |
112.1 |
-4.6 |
82.5 |
-9.0 |
9 Interest |
-21.7 |
-0.3 |
3.8 |
55.8 |
0.0 |
36.3 |
10 EBT before non-operating surplus/deficit |
31.0 |
10.4 |
175.1 |
-17.9 |
214.0 |
-32.0 |
11 Non-operating surplus/deficit |
255.4 |
58.5 |
# |
-34.4 |
256.1 |
455.1 |
12 EBT |
63.0 |
15.5 |
186.4 |
-18.5 |
278.3 |
-4.5 |
13 Tax provision |
13.1 |
8.1 |
75.5 |
7.4 |
102.2 |
-5.5 |
14 Net profits |
94.1 |
18.2 |
232.8 |
-24.2 |
445.2 |
-4.2 |
15 Dividend paid |
88.4 |
-7.4 |
280.8 |
-58.2 |
130.5 |
-70.7 |
16 Retained earnings |
94.7 |
21.2 |
227.3 |
-19.7 |
# |
2.9 |
17 Gross saving |
36.4 |
10.7 |
85.1 |
-2.6 |
96.4 |
9.3 |
18 (a) Gross value added |
13.7 |
11.2 |
45.9 |
14.0 |
42.8 |
3.1 |
(b) Net value added |
15.2 |
13.5 |
56.3 |
12.1 |
51.7 |
0.1 |
19 Net worth @ |
20.4 |
16.7 |
15.6 |
9.1 |
25.4 |
12.0 |
20 Total borrowings @ |
-13.0 |
7.9 |
48.5 |
38.3 |
37.8 |
19.4 |
Of which, from banks @ |
-21.7 |
15.3 |
30.1 |
37.2 |
46.5 |
14.5 |
21 Trade dues and other current liabilities @ |
21.8 |
9.8 |
27.1 |
31.0 |
19.2 |
2.9 |
22 (a) Gross fixed assets @ |
7.6 |
10.3 |
21.0 |
16.2 |
21.2 |
12.7 |
(b) Net fixed assets @ |
1.8 |
7.2 |
28.8 |
17.8 |
29.7 |
14.0 |
23 Inventories @ |
18.4 |
34.2 |
36.7 |
49.7 |
29.4 |
37.5 |
24 (a) Gross physical assets @ |
10.2 |
16.3 |
23.5 |
22.2 |
22.8 |
17.7 |
(b) Net physical assets @ |
6.6 |
16.0 |
30.8 |
26.0 |
29.6 |
20.9 |
25 (a) Total gross assets @ |
10.5 |
12.7 |
22.1 |
19.6 |
23.3 |
12.0 |
(b) Total net assets @ |
8.3 |
11.9 |
26.3 |
21.4 |
28.0 |
12.5 |
26 Total earnings in foreign currencies |
27.5 |
42.7 |
-3.2 |
285.0 |
-13.1 |
135.8 |
Of which, Exports |
43.3 |
-0.5 |
25.4 |
327.1 |
-2.9 |
126.9 |
27 Total expenditure in foreign currencies |
-2.8 |
48.3 |
55.9 |
177.5 |
80.4 |
104.0 |
Of which, Imports |
-9.0 |
61.8 |
56.0 |
186.1 |
74.9 |
115.1 |
Industry group, viz., 'Plastic products' is the subgroup of 'Rubber and Plastic products' |
Statement 7: Growth Rates of the Select Items of the Select 1,850 Non-Government Non-Financial Private Limited Companies: 2009-10 and 2010-11 (Contd.) |
(Per cent) |
Item |
Fabricated metal Products except Machinery & Equp. (61) |
Machinery and Machine Tools (97) |
Electrical Machinery and Apparatus (64) |
2009-10 |
2010-11 |
2009-10 |
2010-11 |
2009-10 |
2010-11 |
31 |
32 |
33 |
34 |
35 |
36 |
1 Sales+ |
1.2 |
23.3 |
-5.0 |
57.5 |
2.4 |
19.1 |
2 Value of production |
-5.4 |
24.8 |
-5.6 |
60.0 |
0.0 |
28.8 |
3 Total Income |
-4.1 |
24.9 |
-4.3 |
54.5 |
1.1 |
26.3 |
4 Manufacturing expenses |
-8.6 |
27.3 |
-12.0 |
73.4 |
-4.4 |
33.3 |
5 Remuneration to employees |
20.7 |
28.1 |
9.7 |
45.3 |
4.8 |
28.6 |
6 EBITDA |
32.9 |
-11.4 |
7.5 |
42.2 |
28.1 |
-2.4 |
7 Depreciation provision |
22.1 |
18.7 |
23.6 |
18.7 |
11.6 |
9.3 |
8 EBIT |
38.7 |
-29.9 |
5.9 |
9.2 |
33.2 |
-18.5 |
9 Interest |
23.9 |
10.1 |
-0.5 |
27.9 |
12.9 |
11.7 |
10 EBT before non-operating surplus/deficit |
73.7 |
-97.2 |
6.5 |
7.5 |
39.6 |
-26.2 |
11 Non-operating surplus/deficit |
49.2 |
481.0 |
219.6 |
116.7 |
147.4 |
-48.8 |
12 EBT |
69.8 |
-15.4 |
10.2 |
13.1 |
46.9 |
-26.5 |
13 Tax provision |
-4.6 |
36.8 |
1.5 |
-1.7 |
-3.6 |
21.7 |
14 Net profits |
# |
-76.1 |
16.9 |
22.8 |
73.6 |
-40.6 |
15 Dividend paid |
-30.3 |
292.1 |
9.6 |
-64.8 |
85.4 |
-39.5 |
16 Retained earnings |
# |
-146.4 |
21.1 |
68.9 |
71.7 |
-40.8 |
17 Gross saving |
80.9 |
-24.1 |
22.2 |
47.5 |
42.0 |
-21.3 |
18 (a) Gross value added |
25.8 |
7.7 |
9.8 |
21.7 |
18.7 |
3.8 |
(b) Net value added |
26.6 |
5.6 |
7.8 |
22.2 |
20.1 |
2.9 |
19 Net worth @ |
15.1 |
11.0 |
22.3 |
17.9 |
13.0 |
9.1 |
20 Total borrowings @ |
38.9 |
31.4 |
-20.2 |
60.4 |
9.2 |
13.4 |
Of which, from banks @ |
47.1 |
19.2 |
-35.5 |
41.1 |
10.3 |
9.5 |
21 Trade dues and other current liabilities @ |
-35.2 |
57.7 |
49.4 |
86.1 |
0.2 |
57.8 |
22 (a) Gross fixed assets @ |
12.9 |
28.5 |
15.0 |
22.2 |
10.6 |
11.3 |
(b) Net fixed assets @ |
10.0 |
35.2 |
15.1 |
24.1 |
6.8 |
7.4 |
23 Inventories @ |
2.2 |
33.3 |
13.3 |
63.4 |
10.9 |
65.8 |
24 (a) Gross physical assets @ |
8.8 |
30.2 |
14.5 |
34.9 |
10.6 |
25.5 |
(b) Net physical assets @ |
6.2 |
34.3 |
14.4 |
39.9 |
8.1 |
26.9 |
25 (a) Total gross assets @ |
4.6 |
29.1 |
23.1 |
44.2 |
10.3 |
19.4 |
(b) Total net assets @ |
2.5 |
31.1 |
24.3 |
47.6 |
8.8 |
19.2 |
26 Total earnings in foreign currencies |
-38.4 |
3.4 |
-39.7 |
57.5 |
-17.4 |
25.4 |
Of which, Exports |
-37.2 |
-4.9 |
-44.9 |
48.5 |
-20.3 |
29.9 |
27 Total expenditure in foreign currencies |
-42.5 |
166.8 |
-13.8 |
38.5 |
-27.2 |
56.1 |
Of which, Imports |
-61.1 |
298.5 |
-13.4 |
35.0 |
-28.6 |
59.0 |
Statement 7: Growth Rates of the Select Items of the Select 1,850 Non-Government Non-Financial Private Limited Companies: 2009-10 and 2010-11 (Contd.) |
(Per cent) |
Item |
Medical Precision and Scientific Instruments (32) |
Motor Vehicles and Other Transport Equip. (52) |
Iron and Steel (59) |
2009-10 |
2010-11 |
2009-10 |
2010-11 |
2009-10 |
2010-11 |
37 |
38 |
39 |
40 |
41 |
42 |
1 Sales+ |
16.8 |
29.1 |
28.8 |
25.1 |
9.6 |
19.6 |
2 Value of production |
10.9 |
33.7 |
29.7 |
24.8 |
10.4 |
18.0 |
3 Total Income |
11.0 |
31.4 |
28.8 |
24.4 |
11.0 |
17.9 |
4 Manufacturing expenses |
10.4 |
35.4 |
30.0 |
25.2 |
9.0 |
9.8 |
5 Remuneration to employees |
18.1 |
22.9 |
17.2 |
37.6 |
13.5 |
28.3 |
6 EBITDA |
37.5 |
49.5 |
46.5 |
20.1 |
26.3 |
103.5 |
7 Depreciation provision |
18.9 |
13.8 |
20.3 |
9.4 |
34.3 |
7.8 |
8 EBIT |
34.4 |
30.9 |
44.0 |
21.3 |
16.8 |
118.0 |
9 Interest |
7.6 |
8.0 |
13.9 |
-8.3 |
22.3 |
4.2 |
10 EBT before non-operating surplus/deficit |
41.1 |
35.3 |
55.4 |
29.6 |
13.2 |
198.0 |
11 Non-operating surplus/deficit |
-91.1 |
-132.7 |
-20.1 |
-58.5 |
100.0 |
# |
12 EBT |
35.5 |
34.8 |
52.7 |
28.0 |
34.0 |
190.8 |
13 Tax provision |
19.3 |
5.7 |
77.3 |
-0.8 |
16.8 |
223.8 |
14 Net profits |
49.6 |
54.9 |
34.3 |
56.4 |
44.2 |
175.0 |
15 Dividend paid |
# |
-95.6 |
104.9 |
-36.7 |
55.3 |
# |
16 Retained earnings |
-4.4 |
153.3 |
-70.1 |
# |
43.4 |
67.7 |
17 Gross saving |
5.9 |
84.3 |
-5.3 |
98.0 |
38.6 |
36.7 |
18 (a) Gross value added |
28.1 |
26.8 |
32.4 |
25.1 |
18.3 |
66.5 |
(b) Net value added |
29.6 |
28.8 |
35.6 |
28.9 |
15.0 |
80.6 |
19 Net worth @ |
10.1 |
13.3 |
7.6 |
28.0 |
26.0 |
22.4 |
20 Total borrowings @ |
4.4 |
9.3 |
1.9 |
17.6 |
7.1 |
5.3 |
Of which, from banks @ |
18.7 |
15.9 |
6.7 |
73.5 |
7.1 |
-6.7 |
21 Trade dues and other current liabilities @ |
17.9 |
38.3 |
31.9 |
35.7 |
20.4 |
10.9 |
22 (a) Gross fixed assets @ |
14.5 |
19.1 |
15.3 |
15.3 |
11.5 |
15.8 |
(b) Net fixed assets @ |
14.2 |
20.4 |
11.2 |
12.7 |
8.0 |
13.2 |
23 Inventories @ |
10.9 |
35.5 |
18.1 |
30.1 |
20.2 |
26.5 |
24 (a) Gross physical assets @ |
13.1 |
25.1 |
15.7 |
17.4 |
13.7 |
18.7 |
(b) Net physical assets @ |
12.6 |
27.5 |
12.5 |
16.3 |
11.7 |
17.6 |
25 (a) Total gross assets @ |
13.3 |
18.2 |
14.3 |
23.6 |
16.6 |
18.9 |
(b) Total net assets @ |
13.1 |
18.4 |
12.2 |
24.4 |
15.7 |
18.3 |
26 Total earnings in foreign currencies |
19.6 |
23.2 |
-56.9 |
55.1 |
-62.6 |
39.7 |
Of which, Exports |
8.4 |
4.8 |
-44.9 |
47.1 |
-64.0 |
46.3 |
27 Total expenditure in foreign currencies |
7.4 |
55.5 |
-24.9 |
73.7 |
-63.0 |
92.4 |
Of which, Imports |
15.1 |
35.0 |
-13.1 |
79.7 |
-61.8 |
98.5 |
Statement 7: Growth Rates of the Select Items of the Select 1,850 Non-Government Non-Financial Private Limited Companies: 2009-10 and 2010-11 (Contd.) |
(Per cent) |
Item |
Construction (71) |
Wholesale and Retail trade (111) |
Hotels and Restaurants (60) |
2009-10 |
2010-11 |
2009-10 |
2010-11 |
2009-10 |
2010-11 |
43 |
44 |
45 |
46 |
47 |
48 |
1 Sales+ |
19.2 |
38.0 |
7.9 |
25.3 |
-3.1 |
21.0 |
2 Value of production |
10.3 |
37.0 |
7.1 |
35.6 |
-4.2 |
22.0 |
3 Total Income |
12.8 |
33.9 |
10.5 |
19.4 |
-0.8 |
14.7 |
4 Manufacturing expenses |
-1.1 |
59.2 |
4.3 |
28.9 |
4.9 |
32.9 |
5 Remuneration to employees |
12.6 |
5.7 |
6.1 |
16.6 |
5.9 |
20.8 |
6 EBITDA |
43.9 |
21.0 |
50.8 |
173.1 |
-19.9 |
15.2 |
7 Depreciation provision |
24.7 |
19.0 |
10.0 |
3.8 |
10.4 |
-8.5 |
8 EBIT |
43.9 |
20.7 |
126.7 |
-59.9 |
-25.1 |
24.4 |
9 Interest |
40.6 |
33.0 |
11.8 |
16.1 |
16.8 |
14.9 |
10 EBT before non-operating surplus/deficit |
45.3 |
15.5 |
134.9 |
-62.5 |
-50.7 |
38.1 |
11 Non-operating surplus/deficit |
# |
-50.1 |
164.3 |
107.7 |
90.1 |
-113.0 |
12 EBT |
66.1 |
5.4 |
150.8 |
-60.2 |
-31.8 |
-18.5 |
13 Tax provision |
54.8 |
24.1 |
100.3 |
-54.1 |
-35.8 |
9.1 |
14 Net profits |
69.4 |
0.4 |
188.7 |
-63.3 |
-29.6 |
-32.1 |
15 Dividend paid |
127.8 |
26.4 |
55.7 |
-53.0 |
110.2 |
-40.6 |
16 Retained earnings |
62.4 |
-4.0 |
207.0 |
-64.1 |
-48.0 |
-27.6 |
17 Gross saving |
47.2 |
3.8 |
156.8 |
-56.6 |
-17.3 |
-14.2 |
18 (a) Gross value added |
31.0 |
17.3 |
57.1 |
-30.3 |
-8.5 |
19.4 |
(b) Net value added |
32.5 |
17.0 |
60.3 |
-31.9 |
-13.5 |
28.8 |
19 Net worth @ |
14.9 |
13.7 |
35.9 |
9.9 |
14.4 |
7.2 |
20 Total borrowings @ |
6.6 |
14.2 |
15.1 |
18.9 |
23.1 |
25.0 |
Of which, from banks @ |
-5.7 |
4.6 |
11.6 |
10.3 |
18.9 |
35.7 |
21 Trade dues and other current liabilities @ |
20.3 |
33.9 |
7.7 |
15.3 |
34.1 |
8.8 |
22 (a) Gross fixed assets @ |
22.9 |
21.0 |
6.1 |
11.3 |
15.6 |
15.1 |
(b) Net fixed assets @ |
20.8 |
18.9 |
2.0 |
6.9 |
14.5 |
15.3 |
23 Inventories @ |
2.7 |
27.8 |
-4.7 |
18.8 |
-5.8 |
32.4 |
24 (a) Gross physical assets @ |
15.2 |
23.3 |
-1.1 |
16.1 |
14.9 |
15.6 |
(b) Net physical assets @ |
13.2 |
22.3 |
-3.1 |
15.8 |
13.6 |
15.9 |
25 (a) Total gross assets @ |
15.0 |
19.2 |
17.4 |
12.2 |
19.1 |
13.6 |
(b) Total net assets @ |
14.0 |
18.4 |
17.6 |
12.0 |
18.8 |
13.5 |
26 Total earnings in foreign currencies |
-14.5 |
515.3 |
3.0 |
2.3 |
67.3 |
5.0 |
Of which, Exports |
-10.0 |
17.5 |
8.1 |
-34.1 |
# |
-0.9 |
27 Total expenditure in foreign currencies |
-42.0 |
130.6 |
2.6 |
37.4 |
206.3 |
52.0 |
Of which, Imports |
-45.0 |
107.4 |
1.6 |
38.7 |
99.0 |
59.2 |
Statement 7: Growth Rates of the Select Items of the Select 1,850 Non-Government Non-Financial Private Limited Companies: 2009-10 and 2010-11 (Concld.) |
(Per cent) |
Item |
Transport Storage and Communications (58) |
Real estate activities (64) |
2009-10 |
2010-11 |
2009-10 |
2010-11 |
49 |
50 |
51 |
52 |
1 Sales+ |
12.7 |
24.0 |
47.7 |
7.3 |
2 Value of production |
12.5 |
25.3 |
40.3 |
-1.3 |
3 Total Income |
11.0 |
24.3 |
29.6 |
4.6 |
4 Manufacturing expenses |
15.5 |
27.4 |
58.1 |
-7.2 |
5 Remuneration to employees |
14.7 |
38.5 |
-2.1 |
29.4 |
6 EBITDA |
147.3 |
20.1 |
41.8 |
-1.5 |
7 Depreciation provision |
22.5 |
11.2 |
26.9 |
28.4 |
8 EBIT |
98.7 |
14.9 |
23.4 |
1.5 |
9 Interest |
-13.7 |
-7.2 |
17.6 |
14.6 |
10 EBT before non-operating surplus/deficit |
270.6 |
22.7 |
53.4 |
-49.8 |
11 Non-operating surplus/deficit |
235.7 |
27.7 |
-59.9 |
206.1 |
12 EBT |
266.9 |
23.2 |
-15.9 |
25.0 |
13 Tax provision |
29.2 |
62.2 |
3.5 |
15.4 |
14 Net profits |
# |
3.6 |
-27.2 |
32.9 |
15 Dividend paid |
108.3 |
9.8 |
-10.7 |
32.0 |
16 Retained earnings |
331.1 |
-2.6 |
-32.1 |
33.2 |
17 Gross saving |
129.7 |
7.0 |
-1.2 |
30.0 |
18 (a) Gross value added |
37.1 |
24.4 |
33.4 |
10.7 |
(b) Net value added |
41.1 |
27.5 |
34.9 |
7.0 |
19 Net worth @ |
16.3 |
7.5 |
6.4 |
20.4 |
20 Total borrowings @ |
5.3 |
16.4 |
4.2 |
4.9 |
Of which, from banks @ |
20.1 |
-9.1 |
-5.6 |
15.9 |
21 Trade dues and other current liabilities @ |
-3.0 |
19.5 |
25.8 |
3.5 |
22 (a) Gross fixed assets @ |
13.3 |
10.4 |
19.6 |
11.8 |
(b) Net fixed assets @ |
8.3 |
4.1 |
16.8 |
8.2 |
23 Inventories @ |
-23.3 |
63.7 |
7.3 |
9.1 |
24 (a) Gross physical assets @ |
10.6 |
13.1 |
12.1 |
10.2 |
(b) Net physical assets @ |
5.3 |
8.2 |
10.7 |
8.8 |
25 (a) Total gross assets @ |
9.8 |
15.5 |
11.7 |
9.6 |
(b) Total net assets @ |
7.4 |
13.7 |
11.1 |
9.0 |
26 Total earnings in foreign currencies |
-11.3 |
183.8 |
# |
-34.1 |
Of which, Exports |
-3.9 |
# |
# |
-90.3 |
27 Total expenditure in foreign currencies |
103.5 |
30.2 |
2.2 |
149.6 |
Of which, Imports |
-2.1 |
-48.5 |
8.7 |
44.6 |
Statement 8: Select Financial Ratios of Select Items of the Select 1,850 Non-Government Non-Financial Private Limited Companies: 2008-09 to 2010-11 |
(Per cent) |
Item |
Manufacturing (1027) |
Services (632) |
Computer and Related activities (103) |
2008-09 |
2009-10 |
2010-11 |
2008-09 |
2009-10 |
2010-11 |
2008-09 |
2009-10 |
2010-11 |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
A. Capital structure ratios |
|
|
|
|
|
|
|
|
|
1 Net fixed assets to total net assets |
34.2 |
32.4 |
29.9 |
27.6 |
26.9 |
25.3 |
25.2 |
22.6 |
20.2 |
2 Net worth to total net assets |
44.4 |
44.5 |
41.9 |
45.1 |
46.0 |
45.4 |
66.1 |
69.0 |
64.3 |
3 Debt to equity |
17.4 |
18.8 |
17.6 |
20.6 |
19.6 |
20.2 |
10.0 |
7.9 |
7.3 |
4 Debt to equity (equity adjusted for revaluation reserve) |
17.7 |
19.1 |
17.8 |
21.1 |
20.0 |
20.7 |
10.0 |
7.9 |
7.4 |
5 Short term bank borrowings to inventories |
69.6 |
62.3 |
61.4 |
73.1 |
75.7 |
67.1 |
207.0 |
184.4 |
229.7 |
6 Total outside liabilities to net worth |
125.4 |
124.7 |
138.9 |
121.8 |
117.2 |
120.1 |
51.4 |
45.0 |
55.5 |
B. Liquidity ratios |
|
|
|
|
|
|
|
|
|
7 Current assets to current liabilities ** |
1.2 |
1.3 |
1.3 |
1.3 |
1.3 |
1.3 |
2.4 |
2.7 |
2.4 |
8 Quick assets to current liabilities |
57.7 |
61.4 |
57.7 |
61.5 |
68.3 |
67.1 |
165.2 |
187.9 |
161.6 |
9 Current assets to total net assets |
57.6 |
59.9 |
63.5 |
57.1 |
57.6 |
59.2 |
64.2 |
65.6 |
69.8 |
10 Sundry creditors to current assets |
31.8 |
30.5 |
33.0 |
23.9 |
23.3 |
24.0 |
19.1 |
16.7 |
16.3 |
11 Sundry creditors to net working capital |
177.3 |
138.5 |
159.4 |
114.3 |
101.4 |
94.8 |
32.4 |
26.8 |
28.3 |
C. Assets utilization and turnover ratios |
|
|
|
|
|
|
|
|
|
12 Sales to total net assets^ |
|
126.4 |
132.7 |
|
83.1 |
88.9 |
|
102.0 |
105.8 |
13 Sales to gross fixed assets^ |
|
251.1 |
277.9 |
|
215.8 |
232.3 |
|
225.3 |
236.2 |
14 Inventories to sales |
16.0 |
17.9 |
19.1 |
15.9 |
14.7 |
14.7 |
0.9 |
0.9 |
0.7 |
15 Sundry debtors to sales |
14.9 |
16.4 |
16.2 |
20.2 |
19.6 |
19.0 |
20.4 |
17.7 |
19.6 |
16 Exports to sales |
14.0 |
10.2 |
11.1 |
10.8 |
9.3 |
8.0 |
36.0 |
26.3 |
26.2 |
17 Gross value added to gross fixed assets^ |
|
42.5 |
44.8 |
|
85.7 |
87.8 |
|
166.4 |
179.9 |
18 Raw materials consumed to value of production |
68.2 |
67.6 |
67.7 |
40.3 |
39.6 |
40.4 |
4.2 |
5.8 |
4.7 |
D. Sources and uses of funds ratios @ |
|
|
|
|
|
|
|
|
|
19 Gross fixed assets formation to total uses of funds |
|
34.1 |
27.9 |
|
35.4 |
26.9 |
|
35.0 |
28.9 |
20 Gross capital formation to total uses of funds |
|
56.6 |
56.3 |
|
37.8 |
43.7 |
|
35.1 |
28.8 |
21 External sources of funds to total sources of funds |
|
60.5 |
72.1 |
|
51.3 |
62.6 |
|
12.1 |
22.4 |
22 Increase in bank borrowings to total external sources |
|
26.9 |
23.6 |
|
6.4 |
18.5 |
|
-67.2 |
13.7 |
23 Gross savings to gross capital formation |
|
73.1 |
58.1 |
|
146.9 |
99.4 |
|
322.2 |
225.5 |
E. Profitability and profit allocation ratios |
|
|
|
|
|
|
|
|
|
24 EBIT to total net assets |
8.4 |
8.8 |
8.3 |
7.2 |
8.7 |
7.7 |
13.5 |
12.5 |
13.9 |
25 EBIT to sales |
6.7 |
7.5 |
6.9 |
9.1 |
11.1 |
9.2 |
13.9 |
13.0 |
13.8 |
26 Net profits to net worth |
8.0 |
10.1 |
10.8 |
10.2 |
11.5 |
9.5 |
19.9 |
15.4 |
15.3 |
27 EBITDA to sales |
6.2 |
7.0 |
6.7 |
7.1 |
9.0 |
9.9 |
17.0 |
17.2 |
16.8 |
28 Tax provision to EBT* |
34.9 |
32.1 |
30.2 |
27.9 |
27.2 |
32.2 |
18.8 |
20.3 |
30.8 |
29 Retained earnings to net profits* |
81.6 |
80.4 |
86.5 |
80.5 |
80.5 |
64.2 |
81.1 |
80.2 |
34.3 |
30 Dividends to net worth |
1.9 |
2.3 |
1.7 |
2.3 |
2.6 |
4.0 |
3.8 |
3.1 |
10.2 |
31 Ordinary dividends to ordinary paid-up capital |
4.5 |
5.9 |
4.7 |
6.9 |
8.2 |
12.9 |
18.7 |
17.2 |
59.8 |
Note : Figure in bracket represents 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 based on sources and uses of funds taking difference between two successive years. These ratios are adjusted for revaluation etc. * Calculated based on companies which made profits during the year. ^ Calculated based on average total net assets and gross fixed assets during the year. Ratio for the year 2008-09, therefore was not available. # Numerator or Denominator is negative or nil or negligible. - Nil or Nigligible |
Statement 8: Select Financial Ratios of Select Items of the Select 1,850 Non-Government Non-Financial Private Limited Companies: 2008-09 to 2010-11 (Contd.) |
(Per cent) |
Item |
Tea plantations (21) |
Mining and Quarrying (32) |
Food products and Beverages (103) |
2008-09 |
2009-10 |
2010-11 |
2008-09 |
2009-10 |
2010-11 |
2008-09 |
2009-10 |
2010-11 |
10 |
11 |
12 |
13 |
14 |
15 |
16 |
17 |
18 |
A. Capital structure ratios |
|
|
|
|
|
|
|
|
|
1 Net fixed assets to total net assets |
26.6 |
23.9 |
23.9 |
38.4 |
34.1 |
35.9 |
31.8 |
27.2 |
25.4 |
2 Net worth to total net assets |
41.8 |
48.5 |
48.4 |
46.2 |
46.2 |
48.1 |
39.1 |
36.5 |
35.7 |
3 Debt to equity |
11.1 |
2.3 |
10.2 |
41.0 |
46.5 |
33.5 |
16.6 |
29.3 |
20.4 |
4 Debt to equity (equity adjusted for revaluation reserve) |
11.3 |
2.3 |
10.4 |
42.7 |
48.1 |
34.4 |
16.6 |
29.4 |
20.4 |
5 Short term bank borrowings to inventories |
227.4 |
211.8 |
147.6 |
45.7 |
26.3 |
45.7 |
77.4 |
65.8 |
85.8 |
6 Total outside liabilities to net worth |
139.5 |
106.3 |
106.6 |
116.6 |
116.7 |
108.1 |
156.0 |
174.2 |
180.2 |
B. Liquidity ratios |
|
|
|
|
|
|
|
|
|
7 Current assets to current liabilities ** |
1.0 |
1.2 |
1.3 |
1.6 |
1.9 |
1.7 |
1.2 |
1.3 |
1.2 |
8 Quick assets to current liabilities |
51.1 |
57.3 |
58.2 |
72.6 |
100.5 |
67.8 |
47.1 |
55.6 |
53.5 |
9 Current assets to total net assets |
54.2 |
57.9 |
58.5 |
56.7 |
61.9 |
59.9 |
63.4 |
67.7 |
69.3 |
10 Sundry creditors to current assets |
23.8 |
21.3 |
18.3 |
17.8 |
18.3 |
22.2 |
31.9 |
30.1 |
26.8 |
11 Sundry creditors to net working capital |
540.5 |
158.3 |
86.9 |
45.8 |
37.9 |
54.6 |
208.4 |
133.4 |
147.1 |
C. Assets utilization and turnover ratios |
|
|
|
|
|
|
|
|
|
12 Sales to total net assets^ |
|
113.8 |
94.5 |
|
116.0 |
120.1 |
|
214.9 |
202.7 |
13 Sales to gross fixed assets^ |
|
300.0 |
255.5 |
|
210.5 |
224.5 |
|
489.3 |
# |
14 Inventories to sales |
11.9 |
11.9 |
17.2 |
10.7 |
15.7 |
17.5 |
13.0 |
16.0 |
16.3 |
15 Sundry debtors to sales |
15.4 |
16.9 |
17.4 |
13.0 |
22.8 |
18.3 |
7.2 |
9.5 |
10.3 |
16 Exports to sales |
38.2 |
36.4 |
14.0 |
23.9 |
33.0 |
25.6 |
17.2 |
12.2 |
11.5 |
17 Gross value added to gross fixed assets^ |
|
105.2 |
82.3 |
|
43.8 |
41.8 |
|
36.3 |
42.3 |
18 Raw materials consumed to value of production |
41.8 |
41.4 |
39.2 |
74.3 |
66.9 |
70.1 |
76.8 |
78.8 |
76.6 |
D. Sources and uses of funds ratios @ |
|
|
|
|
|
|
|
|
|
19 Gross fixed assets formation to total uses of funds |
|
15.7 |
33.4 |
|
26.5 |
54.3 |
|
19.4 |
25.1 |
20 Gross capital formation to total uses of funds |
|
33.4 |
64.6 |
|
36.8 |
85.7 |
|
53.6 |
50.0 |
21 External sources of funds to total sources of funds |
|
10.7 |
43.1 |
|
61.2 |
52.5 |
|
75.0 |
75.4 |
22 Increase in bank borrowings to total external sources |
|
-22.0 |
46.6 |
|
22.8 |
48.4 |
|
47.1 |
52.4 |
23 Gross savings to gross capital formation |
|
319.6 |
92.5 |
|
107.6 |
63.0 |
|
42.0 |
53.4 |
E. Profitability and profit allocation ratios |
|
|
|
|
|
|
|
|
|
24 EBIT to total net assets |
8.7 |
16.5 |
10.4 |
12.1 |
12.1 |
11.7 |
8.2 |
6.2 |
6.8 |
25 EBIT to sales |
8.7 |
15.3 |
11.7 |
7.4 |
11.6 |
10.5 |
3.7 |
3.3 |
3.7 |
26 Net profits to net worth |
10.1 |
25.5 |
13.1 |
8.7 |
13.8 |
14.0 |
6.9 |
7.6 |
8.9 |
27 EBITDA to sales |
8.5 |
14.6 |
11.0 |
6.4 |
9.9 |
9.1 |
2.8 |
2.7 |
3.1 |
28 Tax provision to EBT* |
25.3 |
20.9 |
25.6 |
40.4 |
37.1 |
34.4 |
28.0 |
28.2 |
24.2 |
29 Retained earnings to net profits* |
81.1 |
88.6 |
88.6 |
96.4 |
88.1 |
88.9 |
93.2 |
98.5 |
98.0 |
30 Dividends to net worth |
1.9 |
2.9 |
1.5 |
0.3 |
1.7 |
1.6 |
0.9 |
0.2 |
0.3 |
31 Ordinary dividends to ordinary paid-up capital |
7.9 |
15.6 |
9.0 |
0.7 |
3.6 |
3.7 |
2.7 |
0.5 |
0.9 |
Statement 8: Select Financial Ratios of Select Items of the Select 1,850 Non-Government Non-Financial Private Limited Companies: 2008-09 to 2010-11 (Contd.) |
(Per cent) |
Item |
Cotton textiles (45) |
Man-made textiles (20) |
Wearing apparel (24) |
2008-09 |
2009-10 |
2010-11 |
2008-09 |
2009-10 |
2010-11 |
2008-09 |
2009-10 |
2010-11 |
19 |
20 |
21 |
22 |
23 |
24 |
25 |
26 |
27 |
A. Capital structure ratios |
|
|
|
|
|
|
|
|
|
1 Net fixed assets to total net assets |
56.9 |
51.9 |
47.6 |
49.6 |
46.1 |
45.2 |
31.8 |
31.7 |
29.9 |
2 Net worth to total net assets |
34.6 |
37.3 |
33.9 |
42.5 |
44.1 |
45.1 |
42.8 |
42.2 |
39.6 |
3 Debt to equity |
87.6 |
71.5 |
93.4 |
71.8 |
59.9 |
54.9 |
13.1 |
23.9 |
27.4 |
4 Debt to equity (equity adjusted for revaluation reserve) |
88.9 |
72.5 |
94.5 |
72.9 |
60.6 |
55.4 |
13.3 |
24.1 |
27.7 |
5 Short term bank borrowings to inventories |
83.3 |
89.4 |
69.9 |
66.2 |
59.1 |
56.5 |
69.1 |
77.4 |
75.1 |
6 Total outside liabilities to net worth |
189.2 |
167.8 |
195.0 |
135.1 |
126.7 |
121.6 |
133.9 |
137.0 |
152.6 |
B. Liquidity ratios |
|
|
|
|
|
|
|
|
|
7 Current assets to current liabilities ** |
1.1 |
1.2 |
1.4 |
1.7 |
1.7 |
1.6 |
1.3 |
1.3 |
1.3 |
8 Quick assets to current liabilities |
37.3 |
40.4 |
48.2 |
75.6 |
81.7 |
79.4 |
59.3 |
58.3 |
59.2 |
9 Current assets to total net assets |
38.2 |
44.0 |
49.2 |
44.7 |
48.9 |
49.3 |
65.1 |
63.1 |
66.1 |
10 Sundry creditors to current assets |
13.6 |
12.1 |
11.6 |
22.2 |
21.6 |
21.9 |
28.9 |
26.7 |
28.1 |
11 Sundry creditors to net working capital |
165.6 |
65.7 |
38.3 |
55.8 |
54.1 |
56.0 |
137.5 |
105.2 |
108.9 |
C. Assets utilization and turnover ratios |
|
|
|
|
|
|
|
|
|
12 Sales to total net assets^ |
|
102.8 |
129.6 |
|
99.1 |
109.1 |
|
94.0 |
109.7 |
13 Sales to gross fixed assets^ |
|
122.8 |
164.8 |
|
125.5 |
138.5 |
|
202.3 |
237.4 |
14 Inventories to sales |
21.4 |
21.9 |
22.9 |
14.2 |
15.1 |
15.4 |
22.7 |
23.4 |
22.0 |
15 Sundry debtors to sales |
13.4 |
12.5 |
12.0 |
15.7 |
17.4 |
16.1 |
19.6 |
21.4 |
23.0 |
16 Exports to sales |
13.3 |
6.3 |
7.2 |
3.8 |
3.3 |
2.9 |
26.0 |
38.9 |
27.3 |
17 Gross value added to gross fixed assets^ |
|
19.5 |
24.5 |
|
23.4 |
25.7 |
|
52.1 |
65.9 |
18 Raw materials consumed to value of production |
61.2 |
60.0 |
69.8 |
62.7 |
63.2 |
64.3 |
52.8 |
48.0 |
56.0 |
D. Sources and uses of funds ratios @ |
|
|
|
|
|
|
|
|
|
19 Gross fixed assets formation to total uses of funds |
|
38.4 |
44.4 |
|
38.7 |
54.2 |
|
51.5 |
31.8 |
20 Gross capital formation to total uses of funds |
|
85.1 |
79.0 |
|
62.4 |
72.6 |
|
84.0 |
58.2 |
21 External sources of funds to total sources of funds |
|
51.6 |
73.8 |
|
12.2 |
45.3 |
|
80.8 |
69.0 |
22 Increase in bank borrowings to total external sources |
|
84.2 |
74.7 |
|
-234.7 |
22.4 |
|
30.7 |
47.4 |
23 Gross savings to gross capital formation |
|
62.6 |
36.0 |
|
144.5 |
83.1 |
|
44.2 |
49.0 |
E. Profitability and profit allocation ratios |
|
|
|
|
|
|
|
|
|
24 EBIT to total net assets |
2.8 |
5.5 |
7.6 |
7.9 |
7.6 |
9.1 |
4.2 |
6.2 |
5.8 |
25 EBIT to sales |
3.7 |
5.6 |
6.7 |
8.6 |
7.8 |
8.9 |
4.7 |
6.7 |
5.7 |
26 Net profits to net worth |
-1.9 |
5.1 |
7.9 |
7.3 |
8.4 |
10.7 |
2.0 |
5.7 |
7.4 |
27 EBITDA to sales |
7.8 |
10.3 |
10.3 |
12.8 |
11.2 |
11.2 |
1.1 |
2.6 |
2.5 |
28 Tax provision to EBT* |
-129.5 |
26.3 |
26.5 |
16.7 |
23.2 |
24.4 |
27.0 |
24.8 |
16.6 |
29 Retained earnings to net profits* |
114.2 |
98.4 |
99.1 |
98.9 |
88.3 |
94.7 |
70.6 |
41.4 |
78.1 |
30 Dividends to net worth |
0.3 |
0.1 |
0.1 |
0.1 |
1.0 |
0.6 |
2.6 |
5.9 |
3.1 |
31 Ordinary dividends to ordinary paid-up capital |
0.6 |
0.2 |
0.2 |
0.4 |
5.4 |
3.2 |
4.9 |
10.8 |
5.8 |
Statement 8: Select Financial Ratios of Select Items of the Select 1,850 Non-Government Non-Financial Private Limited Companies: 2008-09 to 2010-11 (Contd.) |
(Per cent) |
Item |
Chemicals and Chemical products (147) |
Basic Chemicals (40) |
Paper and Paper products (30) |
2008-09 |
2009-10 |
2010-11 |
2008-09 |
2009-10 |
2010-11 |
2008-09 |
2009-10 |
2010-11 |
28 |
29 |
30 |
31 |
32 |
33 |
34 |
35 |
36 |
A. Capital structure ratios |
|
|
|
|
|
|
|
|
|
1 Net fixed assets to total net assets |
31.2 |
28.5 |
26.5 |
34.3 |
30.9 |
30.0 |
41.0 |
38.5 |
37.4 |
2 Net worth to total net assets |
54.3 |
56.9 |
56.1 |
52.4 |
49.4 |
47.8 |
25.4 |
26.3 |
30.8 |
3 Debt to equity |
9.1 |
9.9 |
9.2 |
7.0 |
18.2 |
12.7 |
62.0 |
39.9 |
26.7 |
4 Debt to equity (equity adjusted for revaluation reserve) |
9.1 |
9.9 |
9.2 |
7.0 |
18.3 |
12.8 |
62.5 |
41.8 |
27.6 |
5 Short term bank borrowings to inventories |
46.7 |
39.4 |
35.8 |
63.5 |
55.1 |
51.6 |
161.6 |
150.9 |
136.3 |
6 Total outside liabilities to net worth |
84.0 |
75.6 |
78.4 |
90.7 |
102.4 |
109.2 |
293.1 |
279.9 |
224.4 |
B. Liquidity ratios |
|
|
|
|
|
|
|
|
|
7 Current assets to current liabilities ** |
1.5 |
1.7 |
1.8 |
1.3 |
1.6 |
1.4 |
1.0 |
1.0 |
1.0 |
8 Quick assets to current liabilities |
76.2 |
82.2 |
78.8 |
67.7 |
76.1 |
72.1 |
56.0 |
60.0 |
59.3 |
9 Current assets to total net assets |
61.8 |
64.6 |
69.2 |
58.4 |
64.7 |
65.6 |
57.9 |
60.4 |
61.3 |
10 Sundry creditors to current assets |
29.6 |
25.2 |
27.5 |
29.1 |
22.6 |
31.3 |
41.3 |
44.7 |
44.0 |
11 Sundry creditors to net working capital |
85.4 |
59.2 |
61.8 |
115.1 |
62.4 |
103.6 |
# |
# |
# |
C. Assets utilization and turnover ratios |
|
|
|
|
|
|
|
|
|
12 Sales to total net assets^ |
|
109.8 |
111.4 |
|
106.5 |
112.9 |
|
178.6 |
186.1 |
13 Sales to gross fixed assets^ |
|
241.8 |
260.1 |
|
217.4 |
237.3 |
|
300.2 |
318.6 |
14 Inventories to sales |
18.3 |
19.3 |
21.4 |
19.6 |
23.2 |
20.0 |
9.8 |
9.5 |
10.2 |
15 Sundry debtors to sales |
19.6 |
20.4 |
18.7 |
20.4 |
22.1 |
21.2 |
18.3 |
21.0 |
19.3 |
16 Exports to sales |
17.3 |
10.2 |
15.4 |
11.1 |
10.7 |
16.9 |
16.1 |
11.5 |
11.2 |
17 Gross value added to gross fixed assets^ |
|
57.3 |
55.3 |
|
41.3 |
39.9 |
|
42.9 |
47.3 |
18 Raw materials consumed to value of production |
61.8 |
61.4 |
64.6 |
64.0 |
62.3 |
66.4 |
72.9 |
65.8 |
67.2 |
D. Sources and uses of funds ratios @ |
|
|
|
|
|
|
|
|
|
19 Gross fixed assets formation to total uses of funds |
|
23.7 |
24.0 |
|
24.2 |
36.9 |
|
44.4 |
42.8 |
20 Gross capital formation to total uses of funds |
|
43.9 |
55.9 |
|
59.2 |
42.8 |
|
53.6 |
68.9 |
21 External sources of funds to total sources of funds |
|
30.4 |
57.1 |
|
56.7 |
61.4 |
|
56.5 |
54.8 |
22 Increase in bank borrowings to total external sources |
|
37.9 |
16.6 |
|
83.4 |
-69.6 |
|
8.2 |
40.3 |
23 Gross savings to gross capital formation |
|
179.8 |
108.9 |
|
77.8 |
154.6 |
|
55.9 |
67.5 |
E. Profitability and profit allocation ratios |
|
|
|
|
|
|
|
|
|
24 EBIT to total net assets |
12.3 |
12.4 |
10.6 |
8.8 |
9.6 |
8.1 |
5.7 |
8.3 |
10.9 |
25 EBIT to sales |
11.6 |
12.0 |
10.3 |
8.7 |
9.7 |
7.5 |
3.4 |
5.2 |
6.4 |
26 Net profits to net worth |
12.5 |
14.3 |
12.9 |
5.2 |
10.0 |
7.9 |
-1.0 |
21.0 |
17.0 |
27 EBITDA to sales |
10.2 |
10.5 |
8.3 |
9.2 |
10.6 |
8.1 |
3.8 |
6.3 |
7.5 |
28 Tax provision to EBT* |
30.1 |
27.4 |
28.0 |
43.2 |
27.1 |
32.5 |
98.6 |
23.1 |
32.3 |
29 Retained earnings to net profits* |
94.9 |
96.0 |
94.8 |
88.5 |
94.8 |
80.9 |
# |
87.1 |
95.2 |
30 Dividends to net worth |
0.7 |
0.6 |
0.7 |
0.8 |
0.6 |
1.8 |
6.8 |
2.7 |
0.8 |
31 Ordinary dividends to ordinary paid-up capital |
2.1 |
2.4 |
3.0 |
1.6 |
1.3 |
5.0 |
13.5 |
7.0 |
2.1 |
Industry groups, viz., ‘Basic chemicals’, is subgroup of ‘Chemicals and Chemical products’ |
Statement 8: Select Financial Ratios of Select Items of the Select 1,850 Non-Government Non-Financial Private Limited Companies: 2008-09 to 2010-11 (Contd.) |
(Per cent) |
Item |
Pharmaceuticals and Medicines (42) |
Rubber and Plastic Products (69) |
Plastic Products (45) |
2008-09 |
2009-10 |
2010-11 |
2008-09 |
2009-10 |
2010-11 |
2008-09 |
2009-10 |
2010-11 |
37 |
38 |
39 |
40 |
41 |
42 |
43 |
44 |
45 |
A. Capital structure ratios |
|
|
|
|
|
|
|
|
|
1 Net fixed assets to total net assets |
42.8 |
40.3 |
38.6 |
48.2 |
49.2 |
47.7 |
46.9 |
47.5 |
48.2 |
2 Net worth to total net assets |
42.2 |
47.0 |
49.0 |
55.6 |
51.0 |
45.8 |
39.8 |
39.0 |
38.8 |
3 Debt to equity |
19.7 |
13.1 |
12.0 |
8.5 |
12.5 |
21.9 |
16.5 |
16.3 |
17.3 |
4 Debt to equity (equity adjusted for revaluation reserve) |
19.7 |
13.2 |
12.1 |
8.6 |
12.7 |
22.1 |
17.1 |
16.7 |
17.7 |
5 Short term bank borrowings to inventories |
67.9 |
37.7 |
34.4 |
76.3 |
61.8 |
42.4 |
100.0 |
113.2 |
93.9 |
6 Total outside liabilities to net worth |
137.0 |
113.0 |
104.2 |
79.8 |
96.2 |
118.4 |
151.3 |
156.4 |
157.6 |
B. Liquidity ratios |
|
|
|
|
|
|
|
|
|
7 Current assets to current liabilities ** |
1.0 |
1.2 |
1.3 |
1.2 |
1.1 |
1.2 |
1.0 |
0.9 |
0.9 |
8 Quick assets to current liabilities |
52.8 |
57.8 |
57.2 |
56.4 |
55.8 |
51.7 |
39.5 |
40.2 |
34.2 |
9 Current assets to total net assets |
51.7 |
55.3 |
59.1 |
46.4 |
47.8 |
50.4 |
51.1 |
50.1 |
50.2 |
10 Sundry creditors to current assets |
31.0 |
27.1 |
28.5 |
31.7 |
33.3 |
33.2 |
38.0 |
38.5 |
33.6 |
11 Sundry creditors to net working capital |
# |
167.9 |
115.8 |
203.9 |
277.1 |
247.7 |
# |
-447.3 |
-427.0 |
C. Assets utilization and turnover ratios |
|
|
|
|
|
|
|
|
|
12 Sales to total net assets^ |
|
107.5 |
107.5 |
|
111.9 |
114.5 |
|
121.5 |
112.1 |
13 Sales to gross fixed assets^ |
|
188.3 |
190.4 |
|
138.7 |
148.2 |
|
152.2 |
143.7 |
14 Inventories to sales |
18.1 |
18.6 |
22.7 |
15.2 |
17.1 |
20.2 |
17.7 |
18.2 |
22.7 |
15 Sundry debtors to sales |
18.8 |
18.6 |
16.7 |
16.5 |
16.2 |
16.1 |
13.0 |
15.9 |
13.4 |
16 Exports to sales |
13.6 |
17.0 |
15.3 |
4.9 |
5.0 |
16.8 |
4.0 |
3.1 |
6.3 |
17 Gross value added to gross fixed assets^ |
|
50.0 |
51.0 |
|
29.4 |
28.3 |
|
28.6 |
25.3 |
18 Raw materials consumed to value of production |
56.3 |
57.4 |
57.3 |
66.0 |
64.4 |
65.0 |
65.0 |
66.7 |
63.5 |
D. Sources and uses of funds ratios @ |
|
|
|
|
|
|
|
|
|
19 Gross fixed assets formation to total uses of funds |
|
36.6 |
41.0 |
|
57.5 |
51.2 |
|
54.3 |
62.7 |
20 Gross capital formation to total uses of funds |
|
63.7 |
87.3 |
|
76.8 |
85.1 |
|
72.2 |
109.4 |
21 External sources of funds to total sources of funds |
|
40.7 |
56.3 |
|
60.8 |
66.9 |
|
71.6 |
53.0 |
22 Increase in bank borrowings to total external sources |
|
-78.5 |
24.1 |
|
25.5 |
35.4 |
|
47.9 |
47.1 |
23 Gross savings to gross capital formation |
|
143.7 |
90.0 |
|
53.9 |
45.0 |
|
42.8 |
49.0 |
E. Profitability and profit allocation ratios |
|
|
|
|
|
|
|
|
|
24 EBIT to total net assets |
7.9 |
8.3 |
8.0 |
5.6 |
9.4 |
7.4 |
5.9 |
8.4 |
6.8 |
25 EBIT to sales |
8.1 |
8.0 |
7.9 |
5.4 |
9.4 |
7.1 |
5.4 |
7.8 |
6.4 |
26 Net profits to net worth |
7.0 |
11.2 |
11.4 |
4.5 |
12.9 |
9.0 |
2.6 |
11.2 |
9.6 |
27 EBITDA to sales |
7.7 |
7.3 |
6.0 |
7.9 |
11.2 |
9.6 |
6.7 |
8.3 |
8.3 |
28 Tax provision to EBT* |
37.2 |
26.3 |
24.5 |
26.9 |
17.2 |
22.6 |
34.1 |
22.2 |
22.4 |
29 Retained earnings to net profits* |
89.7 |
89.7 |
91.9 |
90.9 |
88.9 |
93.9 |
87.5 |
92.3 |
97.6 |
30 Dividends to net worth |
0.8 |
1.2 |
0.9 |
0.5 |
1.5 |
0.6 |
0.6 |
1.1 |
0.3 |
31 Ordinary dividends to ordinary paid-up capital |
2.0 |
5.1 |
3.4 |
0.3 |
2.0 |
0.7 |
0.9 |
1.6 |
0.5 |
Industry group, viz., ‘Plastic products’ is the subgroup of ‘Rubber and Plastic products’ |
Statement 8: Select Financial Ratios of Select Items of the Select 1,850 Non-Government Non-Financial Private Limited Companies: 2008-09 to 2010-11 (Contd.) |
(Per cent) |
Item |
Fabricated metal products except machinery & equp. (61) |
Machinery and Machine tools (97) |
Electrical Machinery and Apparatus (64) |
2008-09 |
2009-10 |
2010-11 |
2008-09 |
2009-10 |
2010-11 |
2008-09 |
2009-10 |
2010-11 |
46 |
47 |
48 |
49 |
50 |
51 |
52 |
53 |
54 |
A. Capital structure ratios |
|
|
|
|
|
|
|
|
|
1 Net fixed assets to total net assets |
27.5 |
29.5 |
30.5 |
28.3 |
26.2 |
22.0 |
39.1 |
38.4 |
34.6 |
2 Net worth to total net assets |
28.7 |
32.2 |
27.3 |
49.1 |
48.4 |
38.6 |
50.7 |
52.6 |
48.2 |
3 Debt to equity |
26.0 |
20.3 |
14.8 |
6.5 |
9.5 |
11.9 |
18.4 |
12.9 |
11.9 |
4 Debt to equity (equity adjusted for revaluation reserve) |
28.2 |
21.8 |
15.8 |
6.5 |
9.6 |
11.9 |
20.4 |
14.1 |
12.9 |
5 Short term bank borrowings to inventories |
68.5 |
106.6 |
98.9 |
35.8 |
18.6 |
15.6 |
48.9 |
56.7 |
37.0 |
6 Total outside liabilities to net worth |
248.4 |
210.2 |
266.5 |
103.5 |
106.8 |
158.9 |
97.3 |
90.0 |
107.7 |
B. Liquidity ratios |
|
|
|
|
|
|
|
|
|
7 Current assets to current liabilities ** |
1.0 |
1.1 |
1.0 |
1.4 |
1.4 |
1.3 |
1.5 |
1.5 |
1.4 |
8 Quick assets to current liabilities |
46.2 |
45.4 |
41.8 |
70.8 |
73.9 |
60.6 |
88.1 |
86.3 |
65.2 |
9 Current assets to total net assets |
66.4 |
65.0 |
65.2 |
65.4 |
64.5 |
72.0 |
59.6 |
60.6 |
63.9 |
10 Sundry creditors to current assets |
45.6 |
28.8 |
34.2 |
28.2 |
28.5 |
37.5 |
30.1 |
28.6 |
38.1 |
11 Sundry creditors to net working capital |
# |
459.7 |
# |
101.9 |
102.8 |
173.4 |
86.7 |
84.3 |
133.0 |
C. Assets utilization and turnover ratios |
|
|
|
|
|
|
|
|
|
12 Sales to total net assets^ |
|
87.5 |
92.2 |
|
85.0 |
97.5 |
|
95.7 |
99.8 |
13 Sales to gross fixed assets^ |
|
192.8 |
196.1 |
|
207.8 |
275.3 |
|
177.2 |
190.2 |
14 Inventories to sales |
30.5 |
30.8 |
33.3 |
19.3 |
23.0 |
23.8 |
19.2 |
20.8 |
29.0 |
15 Sundry debtors to sales |
28.8 |
26.1 |
28.0 |
20.5 |
25.0 |
23.7 |
22.7 |
24.1 |
23.3 |
16 Exports to sales |
8.7 |
5.4 |
4.2 |
16.3 |
9.5 |
8.9 |
18.4 |
14.3 |
15.6 |
17 Gross value added to gross fixed assets^ |
|
40.0 |
35.5 |
|
54.8 |
56.1 |
|
43.0 |
40.2 |
18 Raw materials consumed to value of production |
63.1 |
51.2 |
60.6 |
59.0 |
54.6 |
54.1 |
64.7 |
62.0 |
63.0 |
D. Sources and uses of funds ratios @ |
|
|
|
|
|
|
|
|
|
19 Gross fixed assets formation to total uses of funds |
|
108.7 |
40.1 |
|
23.9 |
18.3 |
|
47.9 |
27.4 |
20 Gross capital formation to total uses of funds |
|
120.3 |
66.4 |
|
33.5 |
41.5 |
|
65.2 |
83.2 |
21 External sources of funds to total sources of funds |
|
34.3 |
95.9 |
|
73.3 |
86.5 |
|
44.4 |
71.2 |
22 Increase in bank borrowings to total external sources |
|
593.4 |
18.9 |
|
-16.1 |
4.6 |
|
28.4 |
8.6 |
23 Gross savings to gross capital formation |
|
65.8 |
13.4 |
|
91.1 |
48.7 |
|
124.2 |
36.8 |
E. Profitability and profit allocation ratios |
|
|
|
|
|
|
|
|
|
24 EBIT to total net assets |
4.5 |
6.1 |
3.3 |
11.6 |
9.9 |
7.3 |
8.2 |
10.1 |
6.9 |
25 EBIT to sales |
5.2 |
7.1 |
4.0 |
11.6 |
12.9 |
9.0 |
8.4 |
11.0 |
7.5 |
26 Net profits to net worth |
0.2 |
3.8 |
0.8 |
12.5 |
11.9 |
12.4 |
7.8 |
12.0 |
6.5 |
27 EBITDA to sales |
4.6 |
6.1 |
4.4 |
9.0 |
10.2 |
9.2 |
8.8 |
11.0 |
9.0 |
28 Tax provision to EBT* |
46.1 |
34.3 |
43.2 |
41.3 |
38.0 |
31.7 |
32.6 |
21.6 |
34.6 |
29 Retained earnings to net profits* |
83.4 |
92.8 |
70.0 |
66.0 |
68.0 |
91.3 |
87.3 |
86.2 |
86.9 |
30 Dividends to net worth |
1.0 |
0.6 |
2.2 |
4.6 |
4.1 |
1.2 |
1.1 |
1.8 |
1.0 |
31 Ordinary dividends to ordinary paid-up capital |
2.1 |
1.3 |
3.8 |
15.0 |
12.1 |
3.9 |
1.4 |
2.6 |
1.6 |
Statement 8: Select Financial Ratios of Select Items of the Select 1,850 Non-Government Non-Financial Private Limited Companies: 2008-09 to 2010-11 (Contd.) |
(Per cent) |
Item |
Medical Precision and Scientific Instruments (32) |
Motor Vehicles and Other Transport Equip. (52) |
Iron and Steel (59) |
2008-09 |
2009-10 |
2010-11 |
2008-09 |
2009-10 |
2010-11 |
2008-09 |
2009-10 |
2010-11 |
55 |
56 |
57 |
58 |
59 |
60 |
61 |
62 |
63 |
A. Capital structure ratios |
|
|
|
|
|
|
|
|
|
1 Net fixed assets to total net assets |
28.0 |
28.3 |
28.7 |
46.5 |
46.1 |
41.7 |
44.2 |
41.3 |
39.5 |
2 Net worth to total net assets |
50.3 |
49.0 |
46.9 |
38.0 |
36.4 |
37.5 |
32.8 |
35.8 |
37.0 |
3 Debt to equity |
7.1 |
4.2 |
4.4 |
9.5 |
10.3 |
23.0 |
53.1 |
45.0 |
30.7 |
4 Debt to equity (equity adjusted for revaluation reserve) |
7.1 |
4.2 |
4.4 |
9.7 |
10.4 |
23.3 |
53.2 |
45.1 |
31.3 |
5 Short term bank borrowings to inventories |
44.5 |
48.2 |
40.1 |
93.6 |
81.1 |
116.0 |
93.0 |
81.5 |
70.7 |
6 Total outside liabilities to net worth |
98.7 |
104.1 |
113.3 |
163.1 |
174.4 |
166.7 |
204.4 |
179.5 |
170.2 |
B. Liquidity ratios |
|
|
|
|
|
|
|
|
|
7 Current assets to current liabilities ** |
1.5 |
1.4 |
1.3 |
0.7 |
0.7 |
0.9 |
1.1 |
1.2 |
1.1 |
8 Quick assets to current liabilities |
72.1 |
64.9 |
62.3 |
29.3 |
36.9 |
45.7 |
50.9 |
54.7 |
53.5 |
9 Current assets to total net assets |
66.7 |
66.5 |
67.1 |
38.1 |
44.2 |
47.8 |
53.8 |
56.5 |
59.1 |
10 Sundry creditors to current assets |
33.1 |
33.2 |
38.4 |
43.4 |
41.7 |
43.3 |
26.3 |
28.3 |
27.4 |
11 Sundry creditors to net working capital |
101.4 |
118.6 |
150.0 |
-83.8 |
-122.7 |
-380.6 |
339.3 |
203.9 |
212.5 |
C. Assets utilization and turnover ratios |
|
|
|
|
|
|
|
|
|
12 Sales to total net assets^ |
|
95.5 |
106.3 |
|
150.7 |
158.9 |
|
124.6 |
127.4 |
13 Sales to gross fixed assets^ |
|
222.6 |
245.7 |
|
217.6 |
236.2 |
|
225.0 |
236.6 |
14 Inventories to sales |
29.3 |
27.8 |
29.2 |
9.1 |
8.4 |
8.7 |
15.9 |
17.4 |
18.4 |
15 Sundry debtors to sales |
23.9 |
22.1 |
19.7 |
6.9 |
8.4 |
9.2 |
16.8 |
17.4 |
17.8 |
16 Exports to sales |
12.1 |
11.2 |
9.1 |
3.9 |
1.7 |
2.0 |
6.3 |
2.1 |
2.5 |
17 Gross value added to gross fixed assets^ |
|
54.9 |
59.6 |
|
42.8 |
46.4 |
|
29.1 |
42.6 |
18 Raw materials consumed to value of production |
61.8 |
61.5 |
60.6 |
68.8 |
69.5 |
69.8 |
73.8 |
71.2 |
64.3 |
D. Sources and uses of funds ratios @ |
|
|
|
|
|
|
|
|
|
19 Gross fixed assets formation to total uses of funds |
|
40.4 |
40.8 |
|
59.9 |
36.5 |
|
34.9 |
40.1 |
20 Gross capital formation to total uses of funds |
|
58.6 |
84.7 |
|
71.6 |
48.8 |
|
56.0 |
65.2 |
21 External sources of funds to total sources of funds |
|
51.5 |
66.2 |
|
54.4 |
64.0 |
|
59.4 |
43.7 |
22 Increase in bank borrowings to total external sources |
|
28.9 |
15.2 |
|
9.4 |
49.4 |
|
22.1 |
-22.8 |
23 Gross savings to gross capital formation |
|
72.5 |
61.7 |
|
53.6 |
82.7 |
|
62.2 |
55.0 |
E. Profitability and profit allocation ratios |
|
|
|
|
|
|
|
|
|
24 EBIT to total net assets |
8.1 |
9.6 |
10.6 |
11.6 |
14.9 |
14.5 |
7.3 |
7.3 |
13.5 |
25 EBIT to sales |
9.3 |
10.7 |
10.8 |
9.3 |
10.4 |
10.1 |
5.9 |
6.3 |
11.5 |
26 Net profits to net worth |
7.2 |
9.8 |
13.4 |
13.1 |
16.3 |
19.9 |
7.1 |
8.2 |
18.3 |
27 EBITDA to sales |
7.5 |
8.8 |
10.2 |
10.8 |
12.3 |
11.8 |
6.0 |
6.9 |
11.8 |
28 Tax provision to EBT* |
44.4 |
39.9 |
31.7 |
37.3 |
46.5 |
36.5 |
33.8 |
29.5 |
33.5 |
29 Retained earnings to net profits* |
94.9 |
61.8 |
98.9 |
52.5 |
20.1 |
66.2 |
94.3 |
93.8 |
61.2 |
30 Dividends to net worth |
0.4 |
3.9 |
0.2 |
7.8 |
14.9 |
7.4 |
0.5 |
0.6 |
7.9 |
31 Ordinary dividends to ordinary paid-up capital |
0.9 |
8.2 |
0.4 |
12.9 |
25.1 |
13.5 |
1.3 |
1.6 |
24.1 |
Statement 8: Select Financial Ratios of Select Items of the Select 1,850 Non-Government Non-Financial Private Limited Companies: 2008-09 to 2010-11 (Contd.) |
(Per cent) |
Item |
Construction (71) |
Wholesale and Retail trade (111) |
Hotels and Restaurants (60) |
2008-09 |
2009-10 |
2010-11 |
2008-09 |
2009-10 |
2010-11 |
2008-09 |
2009-10 |
2010-11 |
64 |
65 |
66 |
67 |
68 |
69 |
70 |
71 |
72 |
A. Capital structure ratios |
|
|
|
|
|
|
|
|
|
1 Net fixed assets to total net assets |
28.5 |
30.2 |
30.4 |
9.0 |
7.8 |
7.4 |
68.6 |
66.1 |
67.2 |
2 Net worth to total net assets |
38.7 |
39.0 |
37.5 |
33.1 |
38.3 |
37.5 |
58.7 |
56.5 |
53.4 |
3 Debt to equity |
61.2 |
34.6 |
54.7 |
3.1 |
4.1 |
3.0 |
29.8 |
34.3 |
36.4 |
4 Debt to equity (equity adjusted for revaluation reserve) |
63.6 |
35.7 |
56.3 |
3.1 |
4.1 |
3.0 |
35.8 |
39.6 |
41.5 |
5 Short term bank borrowings to inventories |
49.2 |
92.2 |
35.4 |
14.7 |
15.0 |
14.8 |
298.0 |
340.1 |
387.3 |
6 Total outside liabilities to net worth |
158.4 |
156.3 |
166.6 |
202.1 |
161.4 |
166.4 |
70.3 |
77.0 |
87.3 |
B. Liquidity ratios |
|
|
|
|
|
|
|
|
|
7 Current assets to current liabilities ** |
1.4 |
1.1 |
1.3 |
1.3 |
1.5 |
1.5 |
0.9 |
0.9 |
0.8 |
8 Quick assets to current liabilities |
29.8 |
24.7 |
34.2 |
76.0 |
98.5 |
88.6 |
26.0 |
18.7 |
14.5 |
9 Current assets to total net assets |
52.2 |
50.1 |
54.3 |
87.4 |
89.0 |
89.9 |
21.2 |
22.2 |
22.8 |
10 Sundry creditors to current assets |
16.3 |
17.8 |
17.2 |
31.0 |
29.1 |
34.8 |
17.7 |
14.9 |
17.4 |
11 Sundry creditors to net working capital |
56.3 |
311.8 |
74.2 |
123.2 |
89.0 |
99.6 |
-154.8 |
-196.9 |
-95.6 |
C. Assets utilization and turnover ratios |
|
|
|
|
|
|
|
|
|
12 Sales to total net assets^ |
|
33.7 |
40.0 |
|
131.8 |
144.1 |
|
21.4 |
22.3 |
13 Sales to gross fixed assets^ |
|
97.0 |
109.9 |
|
# |
# |
|
26.2 |
27.5 |
14 Inventories to sales |
68.4 |
58.9 |
54.5 |
21.3 |
18.8 |
17.8 |
12.9 |
12.5 |
13.7 |
15 Sundry debtors to sales |
14.6 |
13.3 |
15.6 |
24.4 |
23.4 |
20.6 |
6.7 |
7.4 |
6.7 |
16 Exports to sales |
1.0 |
0.8 |
0.7 |
6.4 |
6.4 |
3.4 |
0.3 |
13.0 |
10.7 |
17 Gross value added to gross fixed assets^ |
|
41.5 |
39.9 |
|
206.6 |
132.5 |
|
13.8 |
14.3 |
18 Raw materials consumed to value of production |
30.9 |
29.2 |
37.1 |
82.3 |
80.5 |
75.9 |
13.1 |
13.7 |
14.2 |
D. Sources and uses of funds ratios @ |
|
|
|
|
|
|
|
|
|
19 Gross fixed assets formation to total uses of funds |
|
51.9 |
38.4 |
|
4.1 |
13.2 |
|
59.4 |
78.4 |
20 Gross capital formation to total uses of funds |
|
55.7 |
64.8 |
|
-2.2 |
53.1 |
|
58.6 |
83.5 |
21 External sources of funds to total sources of funds |
|
50.6 |
72.5 |
|
29.7 |
85.3 |
|
79.7 |
79.5 |
22 Increase in bank borrowings to total external sources |
|
-23.9 |
8.5 |
|
9.1 |
5.2 |
|
24.2 |
64.2 |
23 Gross savings to gross capital formation |
|
95.0 |
55.8 |
|
# |
79.6 |
|
34.6 |
24.5 |
E. Profitability and profit allocation ratios |
|
|
|
|
|
|
|
|
|
24 EBIT to total net assets |
6.4 |
8.1 |
8.3 |
8.1 |
15.6 |
5.6 |
6.2 |
3.9 |
4.3 |
25 EBIT to sales |
21.2 |
25.6 |
22.4 |
6.1 |
12.8 |
4.1 |
25.6 |
19.8 |
20.3 |
26 Net profits to net worth |
9.2 |
13.5 |
11.9 |
12.4 |
26.3 |
8.8 |
4.9 |
3.0 |
1.9 |
27 EBITDA to sales |
25.3 |
30.5 |
26.8 |
-6.8 |
-3.1 |
1.8 |
32.4 |
26.7 |
25.5 |
28 Tax provision to EBT* |
21.3 |
20.4 |
23.5 |
40.9 |
33.7 |
38.4 |
32.8 |
29.7 |
36.9 |
29 Retained earnings to net profits* |
90.1 |
86.2 |
83.2 |
88.8 |
93.6 |
92.0 |
89.5 |
69.9 |
76.8 |
30 Dividends to net worth |
1.0 |
2.0 |
2.2 |
1.5 |
1.7 |
0.7 |
0.6 |
1.0 |
0.6 |
31 Ordinary dividends to ordinary paid-up capital |
2.7 |
6.2 |
7.3 |
5.2 |
7.4 |
3.3 |
1.5 |
2.7 |
1.5 |
Statement 8: Select Financial Ratios of Select Items of the Select 1,850 Non-Government Non-Financial Private Limited Companies: 2008-09 to 2010-11 (Concld.) |
(Per cent) |
Item |
Transport Storage and Communications (58) |
Real estate activities (64) |
2008-09 |
2009-10 |
2010-11 |
2008-09 |
2009-10 |
2010-11 |
73 |
74 |
75 |
76 |
77 |
78 |
A. Capital structure ratios |
|
|
|
|
|
|
1 Net fixed assets to total net assets |
38.9 |
39.2 |
35.9 |
16.1 |
16.9 |
16.8 |
2 Net worth to total net assets |
36.7 |
39.7 |
37.6 |
30.3 |
29.0 |
32.1 |
3 Debt to equity |
18.2 |
21.8 |
30.8 |
54.4 |
53.2 |
58.9 |
4 Debt to equity (equity adjusted for revaluation reserve) |
18.4 |
22.0 |
31.1 |
54.7 |
53.5 |
59.2 |
5 Short term bank borrowings to inventories |
236.3 |
353.5 |
184.8 |
55.8 |
53.0 |
48.1 |
6 Total outside liabilities to net worth |
172.3 |
151.7 |
166.2 |
229.9 |
244.4 |
211.7 |
B. Liquidity ratios |
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|
|
|
|
|
7 Current assets to current liabilities ** |
0.9 |
1.0 |
1.1 |
1.0 |
1.0 |
1.1 |
8 Quick assets to current liabilities |
50.3 |
67.6 |
68.2 |
13.1 |
15.6 |
21.0 |
9 Current assets to total net assets |
50.5 |
51.7 |
54.5 |
54.8 |
53.8 |
55.1 |
10 Sundry creditors to current assets |
53.0 |
46.6 |
48.9 |
5.0 |
4.8 |
4.8 |
11 Sundry creditors to net working capital |
-493.5 |
# |
# |
164.8 |
-148.6 |
37.3 |
C. Assets utilization and turnover ratios |
|
|
|
|
|
|
12 Sales to total net assets^ |
|
88.0 |
98.6 |
|
18.5 |
18.0 |
13 Sales to gross fixed assets^ |
|
171.5 |
190.2 |
|
96.5 |
89.7 |
14 Inventories to sales |
4.9 |
3.4 |
4.4 |
219.3 |
159.3 |
161.9 |
15 Sundry debtors to sales |
25.4 |
28.2 |
26.1 |
22.8 |
21.5 |
20.9 |
16 Exports to sales |
- |
- |
0.6 |
- |
0.8 |
0.1 |
17 Gross value added to gross fixed assets^ |
|
49.7 |
55.3 |
|
31.7 |
30.5 |
18 Raw materials consumed to value of production |
34.9 |
28.6 |
28.0 |
19.1 |
38.9 |
32.6 |
D. Sources and uses of funds ratios @ |
|
|
|
|
|
|
19 Gross fixed assets formation to total uses of funds |
|
61.8 |
30.3 |
|
30.4 |
25.0 |
20 Gross capital formation to total uses of funds |
|
53.2 |
40.4 |
|
48.1 |
52.1 |
21 External sources of funds to total sources of funds |
|
37.4 |
64.4 |
|
80.0 |
89.0 |
22 Increase in bank borrowings to total external sources |
|
78.8 |
-13.9 |
|
-15.8 |
44.2 |
23 Gross savings to gross capital formation |
|
126.3 |
98.8 |
|
28.7 |
39.5 |
E. Profitability and profit allocation ratios |
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|
|
|
|
|
24 EBIT to total net assets |
4.0 |
7.5 |
7.6 |
3.9 |
4.3 |
4.0 |
25 EBIT to sales |
5.0 |
8.8 |
8.2 |
29.3 |
24.5 |
23.2 |
26 Net profits to net worth |
0.2 |
10.2 |
9.8 |
3.4 |
2.3 |
2.6 |
27 EBITDA to sales |
5.1 |
11.2 |
10.9 |
27.4 |
26.3 |
24.1 |
28 Tax provision to EBT* |
42.2 |
26.0 |
35.5 |
30.4 |
32.4 |
31.9 |
29 Retained earnings to net profits* |
54.9 |
65.5 |
63.3 |
82.6 |
83.6 |
81.6 |
30 Dividends to net worth |
2.8 |
5.1 |
5.2 |
0.8 |
0.7 |
0.7 |
31 Ordinary dividends to ordinary paid-up capital |
4.2 |
9.1 |
8.3 |
1.4 |
1.5 |
1.1 |
Explanatory Notes to 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 purchase 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 noncurrent nature.
-
Operating profits are earnings before interest, tax, depreciation provision and amortisation (EBITDA), however other income and non-operating surplus/ deficit are excluded.
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Gross profits (i.e., EBIT) are net of depreciation provision but before interest and tax; other income is also included.
-
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, (d) debentures, deferred payment liabilities and public deposits.
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Equity or Net worth comprises (a) paid-up 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.
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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 income-tax and other current provisions.
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Quick assets comprise (a) sundry debtors, (b) book value of quoted investments and (c) cash and bank balances.
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Capital reserves include profits on sale of investments and fixed assets.
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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.
Industry Clarification
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Construction: Construction activity as per the International Standard Industrial Classification (ISIC) adopted in the System of National Accounts (SNA) covers contract construction by general builders, civil engineering contractors and special trade contractors. In addition to these contractual activities, in India, own account construction is also included for the purpose of estimating domestic product, due to the problem of availability of data separately. Thus construction industry includes companies engaged in all activities connected with site preparation, alteration, addition, repair and maintenance, construction and maintenance of infrastructures (viz. roads, bridges, rail beds etc.) and infrastructure projects, industrial plants and building installations and such other activities.
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Real estate: Real estate activity means (i) developing real estate and (ii) other services in relation to real estate. This includes companies engaged in buying, selling, renting and operating of selfowned or leased real estate (viz. apartment building and dwellings, non-residential buildings etc.), developing and subdividing real estate, developing and sale of land and cemetery lots, operating of apartment hotels and residential mobile home sites etc.
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