ANNEXURE

(Per cent)

Engineering (139)

Chemicals (67)

Tea (14)

Trading (11)

SELECTED FINANCIAL RATIOS

1990-91

1991-92

1992-93

1990-91

1991-92

1992-93

1990-91

1991-92

1992-93

1990-91

1991-92

1992-93

1

2

3

4

5

6

7

8

9

10

11

12

13

A.

Capital structure ratios

1.

Net fixed assets to total net assets

29.7

27.7

28.3

36.1

34.7

33.3

50.3

65.9

66.9

31.8

40.6

44.0

2.

Net worth to total net assets

31.8

29.1

30.1

41.7

40.5

40.5

60.7

71.9

74.7

33.2

35.0

33.5

3.

Debt to equity

54.0

71.4

65.0

40.9

43.4

44.6

14.6

7.1

7.1

53.6

66.1

71.5

4.

Debt to equity

58.3

78.0

71.4

48.7

50.5

50.6

23.0

18.3

18.7

61.5

71.8

71.8

(equity adjusted for revaluation reserve)

5.

Short term bank borrowings to inventories

36.6

41.5

43.0

45.3

41.7

42.0

35.6

44.1

52.7

52.5

94.0

84.6

6.

Total outside liabilities to net worth

214.8

244.2

231.8

139.9

146.6

146.8

64.8

39.2

33.8

201.1

185.6

198.5

B.

Liquidity ratios

7.

Current assets to current liabilities *

1.3

1.4

1.4

1.5

1.5

1.5

1.4

1.4

1.5

1.4

1.4

1.2

8.

Quick assets to current liabilities

56.3

59.2

63.2

44.0

46.9

50.8

49.0

34.1

45.1

44.9

47.7

34.6

9.

Current assets to total net assets

68.2

67.7

69.1

60.5

62.3

62.7

42.9

31.3

30.6

67.4

58.4

52.2

10.

Sundry creditors to current assets

29.2

28.4

27.7

27.9

29.5

28.4

23.8

23.1

19.0

30.9

23.1

22.3

11.

Sundry creditors to net working capital

116.2

108.8

100.4

86.4

88.4

82.4

81.6

87.0

54.8

113.1

81.1

120.2

C.

Assets utilization and turnover ratios

12.

Sales to total net assets

114.6

102.7

93.1

121.5

131.7

133.7

79.5

57.0

46.9

140.7

134.3

119.7

13.

Sales to gross fixed assets

207.0

202.0

182.7

183.5

203.6

209.8

117.3

71.5

58.5

339.2

275.3

230.4

14.

Inventories to sales

27.2

28.7

30.7

25.6

23.3

23.4

10.9

11.9

14.6

18.2

14.2

18.0

15.

Sundry debtors to sales

20.4

24.0

28.1

12.2

12.0

13.0

4.5

4.6

7.1

8.1

9.7

7.7

16.

Exports to sales

7.3

8.3

8.9

9.2

8.3

7.5

19.7

22.3

29.3

13.8

13.4

15.3

17.

Gross value added to gross fixed assets

55.3

53.0

46.7

44.2

46.2

47.7

74.0

40.9

32.9

79.6

64.1

52.8

18.

Raw materials consumed to value of production

57.8

58.4

57.7

55.3

56.4

55.5

0.3

1.7

4.2

58.9

56.6

59.3

D.

Sources and uses of funds ratios @

19.

Gross fixed assets formation to total uses of funds

28.6

40.4

41.0

39.9

85.8

41.3

63.4

66.0

20.

Gross capital formation to total uses of funds

50.7

61.4

62.4

67.8

103.3

55.8

67.3

98.0

21.

External sources of funds to total sources of funds

74.7

73.3

52.4

50.8

27.8

78.8

85.5

87.7

22.

Increase in bank borrowings to total external sources

18.5

13.9

4.2

23.9

75.9

13.0

34.4

24.8

23.

Gross savings to gross capital formation

49.0

46.5

75.4

77.8

67.4

46.9

27.5

21.2

E.

Profitability and profit allocation ratios

24.

Gross profits to total net assets

14.2

12.8

10.5

14.9

15.7

16.1

24.7

13.6

7.8

15.8

16.0

12.3

25.

Gross profits to sales

12.4

12.5

11.2

12.3

11.9

12.1

31.1

23.9

16.6

11.2

11.9

10.3

26.

Profits after tax to net worth

19.3

16.4

9.3

18.0

15.4

15.7

18.0

7.6

3.5

20.3

15.6

9.2

27.

Tax provision to profits before tax

37.5

40.4

46.5

38.3

45.7

41.5

51.2

52.3

55.1

50.6

48.0

42.7

28.

Profits retained to profits after tax

71.0

67.7

53.3

58.3

51.1

53.0

45.0

27.8

3.0

75.7

76.1

73.7

29.

Dividends to net worth

5.6

5.3

4.3

7.5

7.5

7.4

9.9

5.5

3.4

4.9

3.7

2.4

30.

Ordinary dividends to ordinary paid-up capital

18.4

19.8

17.2

31.4

29.6

31.2

62.9

48.3

34.2

27.5

11.1

6.5

(Per cent)

All Textiles (8)

Rubber and Rubber

Leather (6)

Products (8)

SELECTED FINANCIAL RATIOS

1990-91

1991-92

1992-93

1990-91

1991-92

1992-93

1990-91

1991-92

1992-93

1

14

15

16

17

18

19

20

21

22

A.

Capital structure ratios

1.

Net fixed assets to total net assets

32.7

30.3

34.2

34.2

36.9

44.7

19.2

17.5

24.0

2.

Net worth to total net assets

36.3

39.0

47.5

38.7

37.0

33.4

21.9

25.3

27.9

3.

Debt to equity

46.5

31.2

32.5

53.5

70.0

95.2

70.9

74.3

64.3

4.

Debt to equity

46.5

31.2

36.9

81.4

117.2

144.3

77.3

79.3

99.6

(equity adjusted for revaluation reserve)

5.

Short term bank borrowings to inventories

68.4

63.9

60.9

48.5

60.9

62.8

37.6

36.0

39.3

6.

Total outside liabilities to net worth

175.3

156.4

110.5

158.6

170.4

199.3

356.3

294.6

258.5

B.

Liquidity ratios

7.

Current assets to current liabilities *

1.4

1.4

1.8

1.5

1.5

1.5

1.2

1.4

1.3

8.

Quick assets to current liabilities

38.8

42.3

60.9

65.4

67.2

69.6

17.2

22.6

22.1

9.

Current assets to total net assets

66.9

69.4

65.4

62.2

57.2

53.6

77.6

78.0

72.1

10.

Sundry creditors to current assets

20.9

27.2

13.9

27.2

25.0

25.2

5.2

6.0

6.0

11.

Sundry creditors to net working capital

69.4

91.4

32.0

77.9

70.5

71.2

26.5

21.0

23.7

C.

Assets utilization and turnover ratios

12.

Sales to total net assets

94.4

88.7

74.6

104.0

88.9

81.5

201.2

204.0

171.5

13.

Sales to gross fixed assets

164.0

171.0

135.4

153.6

136.1

114.4

524.8

572.6

418.1

14.

Inventories to sales

36.8

35.9

39.8

19.0

18.5

18.1

26.2

25.3

27.7

15.

Sundry debtors to sales

18.1

22.4

28.7

21.0

21.7

22.8

4.2

5.0

5.8

16.

Exports to sales

31.9

38.8

41.6

8.5

8.0

7.7

8.7

8.3

4.8

17.

Gross value added to gross fixed assets

62.5

64.4

59.9

31.7

29.8

25.2

151.8

157.8

98.9

18.

Raw materials consumed to value of production

55.7

49.5

43.1

61.7

59.8

59.6

56.0

55.0

59.4

D.

Sources and uses of funds ratios @

19.

Gross fixed assets formation to total uses of funds

22.8

46.9

38.0

84.8

14.6

30.8

20.

Gross capital formation to total uses of funds

39.2

69.1

44.4

90.6

54.3

82.7

21.

External sources of funds to total sources of funds

41.1

14.3

79.0

85.0

50.7

153.5

22.

Increase in bank borrowings to total external sources

- 1.0

- 3.7

21.3

0.7

20.3

20.8

23.

Gross savings to gross capital formation

155.0

146.0

47.5

24.5

82.3

- 16.8

E.

Profitability and profit allocation ratios

24.

Gross profits to total net assets

19.6

19.0

18.5

8.5

8.6

7.0

14.1

13.1

4.2

25.

Gross profits to sales

20.7

21.4

24.9

8.2

9.6

8.6

7.0

6.4

2.4

26.

Profits after tax to net worth

26.0

24.8

16.2

8.1

6.9

5.3

24.7

21.8

-

27.

Tax provision to profits before tax

26.2

38.0

37.6

29.9

41.3

19.9

15.8

29.6

#

28.

Profits retained to profits after tax

81.5

80.6

83.2

50.8

49.5

52.5

86.6

80.6

&

29.

Dividends to net worth

4.8

4.8

2.7

4.0

3.5

2.5

3.3

4.2

0.8

30.

Ordinary dividends to ordinary paid-up capital

12.8

14.0

9.8

27.3

29.1

20.9

8.2

11.7

2.7

Note:

Figures in brackets represent the number of companies.

*

Item B.7 is the actual ratio of current assets to current liabilities.

@

Adjusted for revaluation, etc.

-

Numerator negative.

#

Denominator negative.

&

Numerator and denominator both negetive.