Professional Documents
Culture Documents
ON
PERFORMANCE APPRAISAL
(JETKING CHANDIGARH)
DECLARATION
I hereby declare that the project report entitled CAPITAL
BUDGETINGsubmitted in fulfillment of the requirement for the degree of
Bachelor of Business Administration is my original work and has not been
submitted for the award ofany other degree at this university.
)
ACKNOWLEDGEMENT
A project is a combination of views, ideas and suggestions and contribution of many
people. The report is the opportunity to thank those who contributed towards its
fulfillment.
Firstly I would like to thank the teachers of my institute for making me able to prepare
this project. I would also like to thank my project guide I would like to thank my parents
who give me encouragement and support.
I conclude by delivering my thanks to the almighty for giving me strength and for
enabling me to understand this project and for everything else.
PREFACE
3
CHAPTER-1
INTRODUCTION
INDUSTRY PROFILE
Indian sugar industry
India is the largest consumer & second largest producer of sugar in the world. The Indian
sugar industry second large agro industry Located in the rural India. The Indian sugar
has a turnover of rs.500 billion per annum & it contributes almost rs.22.5 billion to
the central & state exchequer as tax, cess & excise duty every year. Indian sugar
industry has been a focal point for a socio-economic development in the rural areas.
About 50 million sugarcane farmers & a large number of agricultural labors are
involved in sugarcane cultivation & ancillary activities, constituting 7.5 % of the
rural population. Besides, the industry provides employment to about 2 million
skilled/semi-skilled workers & others mostly from the rural areas. The industry not
only generates power for its own requirement but surplus power for export to the
grid based on by-product-bagasse. It also produces ethyl alcohol, which is used for
industrial &portable uses,& can be used to manufacture ethanol, an ecology friendly
&renewable fuel for blending with petrol.
The sugar industry in the country uses only sugarcane as input; hence Sugar
Companys have been established in large sugarcane growing states like Uttar Pradesh,
Maharashtra, Karnataka, Gujarat, and Tamil Nadu & Andhra Pradesh. In the year 200506 these six states contributed more than 85 % of total sugar production in the country;
Uttar Pradesh, Maharashtra & Karnataka together contribute more than
65 % of total
production.
The sugar industry is the second largest agro-based industry next to textiles in India. In
India, sugarcane is the key raw material for the production of sugar. The sugar is
extracted from two different raw materials sugarcane and beet; both produce identical
refined sugar. Sugarcane is grown in semi-tropical region and accounts for around twothird of world sugar production.
Sugar is extracted from two raw materials beet root and sugarcane, both produce identical
refined sugar. Sugar cane accounts for two-third of the raw material used for sugar
production in the world and beet root one third balance of the world production.
COMPANY PROFILE
123.28MT
Sugar produced
407989Qtls.
Recovery
12.50
The 1st regular season starts in the yard of 1999-2000, from 25 th NOV 1999 to 28th
June 2000 (217 days). The progress achieved during this season is as follows:
The estimated project cost of R.S.S.K.N Sugar factory was Rs.47.250res as
prepared by the Karnataka State Co-operative sugar Factories, Bangalore. And this report
has been appraised by the IFCI, New Delhi.
10%
30%
60%
Member shares
Government
Term loan from
Financial Institutions
Total
Rs.4,725 corers
Rs.14,175 corers
Rs.28,350 crores
47,250 crores
Investment
9
Member shares
10%
Government
30%
Financial
Institutions
60%
10
Over the years the group has established itself as a pioneer in the sugar industry. Today,
the group is in sugar, alcohol, power generation and textile sector.
Sugar is very vital part of the rural economy and Rana Group supports the cause of the
sugar farmers. The group is actively involved with the farming community in order to
improve yields and quality of sugarcane.
Quality, consistency and relationships have propelled the group to become one of the
most successful industrial houses in north India.
Rana Sugars Limited (RSL) is also a market leader in Punjab Medium Liquor (PML)
sector. The company has portfolio of well established liquor brands. RSL is also a
preferred bottler of several leading liquor brands.
The alcohol is produced from both Molasses and grain. Molasses is a by-product of sugar
that has a certain amount of sugar content that is extracted through a technological
process.
Identifying the vast opportunities in the ethanol sector, RSL has proposed to set up an
ethanol plant that will use molasses as raw material from RSLs existing facilities.
Products range of the company-RSL has one of the most diversified sugar facilities in
the country. The following categories of sugar are manufactured:
Date of Establishment
Revenue
Market Cap
Corporate Address
1991
112.233 ( USD in Millions )
328.6351348 ( Rs. in Millions )
Sco 49-50,Sector 8- Madhya Marg Chandigarh160009, Punjab
www.ranagroup.com
Management Details
Chairperson - Rana Ranjit Singh
MD - Rana Inder Pratap Singh
11
Business Operation
Background
Financials
Company Secretary
Bankers
Auditors
Management
Name
Designation
A S Sodhi
Director
Baljit Singh
Director
Balour Singh
Nominee Director
M P Singh
Nominee Director
Manmohan K Raina
12
Manmohan K Raina
Secretary
Manoj Gupta
CEO
Managing Director
Director
Chairman
Director
S A S Bajwa
Director
13
Strengths
Weaknesses
Deficiencies and inefficiency of public utilities, with their related high costs.
Opportunities
14
Threats
Preference erosion
EU-RSA TDCA
Budget
Meaning15
A budget is a document that translates plans into money - money that will need to be spent
to get your planned activities done (expenditure) and money that will need to be generated
to cover the costs of getting the work done (income). It is an estimate, or informed guess,
about what you will need in monetary terms to do your work.
On the other hand, if the budget is insufficient to complete a piece of work, additional
funds should be availed so that the project or work is completed. Additional funds in
supplementary estimates should be availed so long as satisfactory reasons are given. This
will facilitate completion of projects on time
.
A budget is not:
Written in stone where necessary, a budget can be changed, so long as you take
steps to deal with the implications of the changes. So, for example, if you have
budgeted for ten new computers but discover that you really need a generator, you
could buy fewer computers and purchase the generator.
Simply a record of last years expenditure, with an extra 15% added on to cover
inflation. Every year is different. (See also the section on different budgeting
techniques.) Organizations need to use the budgeting process to explore what is
really needed to implement their plans.
Definition A financial and/or quantitative statement, prepared and approved prior to define period of
time, of the policy to be pursued during that period for the purpose of attaining a given
objective.
--- The Chartered Institute of Management Accountants, England
A budget is a predetermined statement of managerial policy during the given period which
provides a standard for comparison with the results actually achieved.
16
17
Budget plays an important role in the effective use of resources and achieving
overall organizational goals.
Budget compels and motivates management to make an early and timely study of its
problem.
Budget provides a valuable means of controlling income and expenditure of a
business as it is a plan for spreading
Budget provides a too through which managerial polices and goals are periodically
evaluated, tested and established as a guidelines for the entire organization.
Budget help in directing capital and others resources into the most profitable
channels.
CLASSIFICATION OF BUDGETS
According to time:
Long term budgets: A budget is designed for a period of 5 to 10yrs.
Short term budgets: A budget is a generally prepared for a period of Not exceeding
5 years
Current Budgets: The budgeted is prepared for a month or a quarter.
According to flexibility:
Fixed budget: A budget prepared on the basis of fixed or a standard level of
activity. It does not change with respect to level of activity.
Flexible budget: A budget is prepared depend upon the level of the
Activity.
The most important budget, which all other budgets are contingent upon, is
the sales budget. All budgets, such as production budget, selling & distribution
budget & other all affected by the sales budgeted & are depended upon the revenue
derived from sales.
Forecasting sales:
The three main factors that should be considered by management in forecasting
sales:
Information concerning past performance.
Information about present condition with in the individual company & in each sales
territory.
Production budget:
A production budget is stated in physical units. Essentially the production
budget is the sales budget adjusted for inventory changes as follows.
Units produced= Budgeted Sales+ (Desired Closing Inventory of Finished GoodsBeginning Inventory of Finished Goods.)
19
The labor budget estimates the labor, adequate in number and grades, to enable
the production budget to be achieved. It is generally preferable to prepare a
separate direct labor budget and to include indirect labor in the factory over head
budget.
Inventory budget:
An inventory budget can be prepared to find out the values of direct
materials & finished goods inventory.
A budgeted income statement summaries all the individual Budgets i.e. sales
budgeted, cost of the goods sold budget, selling budget, and administrative expenses
budget. This budget determines income before taxes (If the tax rate is available, net
income after taxes can also be computed).A system of budgetary control installation in an
organization is very much beneficial which may be result in proper planning & control of
activates. It ultimately results in minimizing costs and maximizing profits.
If the company wants to prepare the budgets for future period of time, it is very
much essential that company have to consider the past performance. Thus the past
performance is treated as vital basis for the future period. Suppose in case of past
performance is not available than the company has to follow the following process.
Determination of the objectives:
The installation of budgetary control system needs to have proper objective i.e.
for what purposes it has been installed. The objective may be
Minimizing costs or maximizing profits.
Co-ordination of activities of different departments.
Controlling the management functions.
Organization for budgeting:
Under this process the authorities and responsibilities of each executive
are clearly stated. I.e. delegation of work means dividing the work between
departmental heads.
Budget manual:
The budget manual is a written document, which specifies the objective of the
budgeting organization & procedures.
21
Budgeting
Budgeting for a business is a process. It is the process of preparing a detailed statement of
financial results that are expected for a given time period in the future. There are two
keywords in that statement. The first keyword is "expected." Expected means something
that is likely to happen. The second keyword is "future" which is a period in the time to
come. So, budgeting is the process of preparing a detailed statement of financial results
that are likely to happen in a period in a time to come.
Budget Planning
A budget is an important tool which co-ordinates various activities within an
organization. Planning involves selecting objectives and action to achieve them. It is
looking ahead and preparing for it, which links it to budgeting. Through planning, the
22
organization.
Asserting the reasons for the differences between actual and budgeted
performances.
24
From the above chart we can observe that the chairman of the company is the overall in
charge of the functions of the Budgeted Committee. A Budget Officer is the convener of the
budget committee, who helps in co-ordination.
Organization Chart:
For the purpose of effective budgetary control, it is imperative on the part of each
entity to have definite "plan of organization." This plan of organization is
embodied in the organization chart. The organization chart explaining clearly the
position of each executive's authority and responsibility of the firm. All the
functional heads are entrusted with the responsibility of ensuring proper
implementation of their respective departmental budgets. An organization chart
for budgetary control is given showing clearly the type of budgets to be prepared
by the functional heads.
1.
Budget Center:
A Budget Center is defined by the terminology as "a section of the organization
of an undertaking defined for the purpose of budgetary control." For effective
25
6. Key Factor
Key Factor is also called as "Limiting Factor" or Governing Factor. While
preparing the budget, it is necessary to consider key factor for successful
budgetary control. The influence of the Key Factor which dominates the business
operations in order to ensure that the functional budgets are reasonably capable of
fulfillment. The Key Factors include.
Government restrictions.
Shortage of power.
27
OBJECTIVES OF THE
STUDY
28
29
CHAPTER-2
RESEARCH METHODOLOGY
30
RESEARCH METHODOLOGY
Research Methodology in a way is systematic representation of research or any other
problem. It is a written game plan for conducting research. It tends to describe the step
taken by a researcher in studying the research problem along with a logical background.
It tends to describe methodology for solution of the problem that has been taken for the
purpose of study .This project focuses on the methodology for technique used for the
collection, classification & tabulation of the data. This plan throws light on the research
problem, the objective of the study & Limitation of the study. Therefore, In order to solve
a problem, it is necessary to design a Research Methodology for problem as the same
way differs from problem to problem.
The Project
The Project undertaken during the summer training at BUDGETING
PLANNING. The main aim of the study is to understand the How budgeting is
done in the Industry.
Nature of the study
The nature of study is that it has an applied base. The statement indicates that results
obtained from the study, inference drawn from the study can actually be applied
practically and can be of great help to the customers to set the budget in industry more
comprehensive way.
Scope of study
The report is based on the findings of mail survey and field visits and the information
collected through desk research. Mail survey and field visits were conducted to elicit the
31
Explorative research
Descriptive research
Diagnostic research
Explorative Research:
To gain familiarity with phenomenon or to achieve an insight into it.
Descriptive Research:
To poetry accurately the characteristics of the particular individual situation or a group.
Diagnostic Research:
To determine the frequency with which something occurs or with which it is associated
with something else.
Hypothesis Testing Research:
To test a hypothesis of casual relationship between variables.
The present project is Descriptive in nature. It is done to poetry accurately the
characteristics of a particular individual situation or a group. The major purpose of the
descriptive research is the description of the state of the affairs as it exits at resent. The
main characteristics of this method are that the researcher has no control over the
variables; he can only report what has happened or what is happening.
32
RESEARCH PROCESS
Research Design
Collection of Data
Analysis of Data
Report Writing
2.
33
In this project, the various information is headed in starting of the project. These are
as follows:Q: What is the study about?
Ans: Budgeting Planning.
Q. Why is the study being made?
Ans: To understand how to plan Budget.
Q. Where will the study be carried out?
Ans: Chandigarh.
Q. What type of data is required?
Ans: Primary as well as Secondary
Q. Where can the required data be found?
Ans: Primary Data through questionnaire from the customers and also with personal
meting & secondary data through magazines, newspaper etc.
3. Designing the data collection process:
During the data collection process a questionnaire was made for the collection of the data
from the customers personally. Because in the research project both primary as well as
secondary data is required. So primary data was collected with the help of the
questionnaires.
The following types of question were asked from the customers.
Dichotomous
A question with two possible answers says Yes or No.
Multiple Choices
A question with three or more answers.
34
35
CHAPTER-3
DATA ANALYSIS
AND
INTERPETATION
36
FIGURES WITH
SUBSEQUENT YEAR
RECEIPTS
2006S.No
Particular
Sugar Sales
Sale of By
2
3
4
Products
Dividend
Interest on Loans
2007
Actual
At Rs. In
Income
2007-2008
At Rs. In
Lakhs
Lakhs
9487.50
1985.40
7187.50
1053.50
57.37
7.55
14.40
7550.46
1285.63
37
2008Actual
2009
Actual
Income
At Rs. In
Income
7189.50
Lakhs
6440.00
1593.86
1046.36
679.13
909.36
2672.92
7.55
2.00
360.50
1003.17
3.60
3.02
1371.05
5619.10
Sl.No
Particulars
Sugarcane purchased
2006-07
Actual exp's
2007-08
At Rs. In
At Rs.in
At Rs. In
Lakhs
Lakhs
Lakhs
Actual
2008-09
Exp's At
At Rs.
Rs.in
In
Lakhs
Lakhs
Actua
Exp's
At Rs.
In
Lakhs
7250.00
6162.81
5230.00
5230.00
4400.00
5616.18
Reconstruction expenses
2.00
79.28
3.00
3.00
3.00
15.13
Vehicles management
8.00
114275.50
8.00
80.00
12.00
108,00
Interest on loan
1800.00
756040.98
1800.00
18000.00
1600.00
8268.57
Salary to staff
264.00
48219.82
264.00
18000.00
338.00
70.49
Auditors fees
2.00
1874.94
2.50
2.50
3.00
2.79
8.00
18723.36
20.00
200.00
20.00
15.98
Insurance
10.00
51.71
10.00
100.00
10.00
0.17
200.00
191679.06
300.00
3000.00
300.00
235.84
5.00
2655.46
4.00
40.00
3.00
2.95
4.00
2960.78
4.00
-------
1.50
0.74
9
10
11
38
S.No
1
2
3
4
5
Particulars
Sugar Sales
Sale of By Products
Dividend
Interest on Loans
Loss
TOTAL
2006
2006-2007
2007-2008
2008-2009
At Rs. In
At Rs. In
At Rs.in
At Rs. In
Lakhs
Lakhs
Lakhs
Lakhs
6160.00
877.21
10.00
3.00
1370.89
8421.10
39
9487.50
1053.50
7.55
1,44
1007.51
11557.50
7187.50
1046.36
7.55
2.00
------8243.41
6440.00
909.36
3.60
3.02
------7355.98
PAYMENTS
S.No
Particulars
1
2
3
4
5
6
7
8
Sugarcane purchased
Reconstruction expenses
Vehicles management
Interest on loan
Salary to staff
Auditors fees
Rent and taxes
Insurance
Repairs and maintenance of
9
10
11
12
13
machinery
Telegram and telephone charges
Bank commission
Other expenses
Net Profit carry forward to C/B
TOTAL
2005-2006
2006-2007
2007-2008
2008-2009
Amt Rs. In
Am Rs. In
Am Rs.IN
Amt Rs.
Lakhs
Lakhs
Lakhs
in Lakhs
40
4900.00
10.10
6.00
1400.00
250.00
3.00
6.00
10.00
7250.00
2.00
8.00
1800.00
264.00
2.00
8.00
10.00
5230.00
3.00
8.0
1800.00
264.00
2.50
20.00
10.00
4400.00
3.00
12.00
1600.00
338.00
3.0
20.00
10.00
4.00
1.75
1831.00
300.00
5.00
4.00
1904.00
8421.10
11557.50
300.00
4.00
4.00
442.50
155.41
8243.41
300.00
3.0
1.50
418.50
246.98
7355.98
41
A) 2006-07 Receipts.
S.No
Particulars
2005-2006
2006-2007
At Rs. In
At Rs. in
Lakhs
Lakhs
Increase
Decrease
In %
In%
Sugar Sales
6160.00
9487.50
54.00%
-------
Sale of By Products
877.21
1053.50
20.09%
-------
10.00
7.55
------
24.50%
3.00
1.44
------
52.00%
1370.89
1007.51
------
26.50%
8421.10
11575.10
37.45%
-------
Dividend
Interest On Loans
Loss
TOTAL
42
INTREPRETATION
Sugar sales increased by 54.00% in the year 2006-2007 compared to 2005-2006.
Sales of by product decreased by 20.09% in the year 2006-2007 compared to 20052006
Interest on loans decreased by 52.00% in the year 2007-2008 compared to 20062007
43
44
PAYMENTS:-2006-2007
2005-
S.No
1
2
3
4
5
6
7
8
9
10
11
12
13
Particulars
Sugarcane purchased
Reconstruction expenses
Vehicles management
Interest on loan
Salary to staff
Auditors fees
Rent and taxes
Insurance
Repairs and maintenance of
machinery
Telegram and telephone charges
Bank commission
Other expenses
Net Profit carry forward to C/B
TOTAL
2006
2006-2007
At Rs.in
At in
Increase
Decrease
Lakhs
4900.00
10.10
6.00
1400.00
250.00
3.00
6.00
10.00
Rs.Lakhs
7250.00
2.00
80.00
1800.00
264.00
2.00
8.00
10.00
In %
47.95%
-----33.33%
28.57%
5.60%
-----33.00%
------
In %
-----80.20%
---------------33.33%
------------
40.00
1.00
1831.00
------8421.10
300.00
5.00
4.00
1904.50
------11557.50
---------350%
4.01%
----37.24%
-----87.50%
--------------------
INTREPRETATION
Sugarcane purchased increased by 47.95% in the year 2006-2007 compared to
2005-2006
Reconstruction expenses decreased by 80.20% in the year 2006-2007 compared to
2005-2006.
Auditor fees decreased by 33.33% in the year 2006-2007 compared to 2005-2006.
Bank commission increased by 350% in the year 2006-2007 compared to 20052006
B)2007-2008 Receipts
45
Sl.No
Particulars
2006-2007
2007-2008
At in Rs. In
At Rs. In
Increase
Decrease
Lakhs
Lakhs
Sugar Sales
9487.50
7187.0
--------
24.24%
Sale of By Products
1053.50
1046.36
--------
0.68%
Dividend
7.55
7.55
--------
------
Interest On Loans
1.44
2.00
39.8%
------
Loss
1007.51
------
------
------
11557.50
8243.41
-------
28.67%
TOTAL
INTREPRETATION
Sugar sales decreased by 32% in the year 2007-2008 compared to 2006-2007
Sales of by product decreased by 0.68% in the year 2007-2008 compared to 20062007
Interest on loans increased by 28% in the year 2007-2008 compared to 2006-2007
46
PAYMENT:2007-2008
2006-
S.No
1
2007
2007-2008
At Rs. In
At Rs. In
Particulars
Sugarcane purchased
Increase
Decrease
Lakhs
7250.00
Lakhs
5230.00
%
------
%
27.87%
2
3
4
5
6
7
8
Reconstruction expenses
Vehicles management
Interest on loan
Salary to staff
Auditors fees
Rent and taxes
Insurance
Repairs and maintenance of
2.00
8.00
1800.00
264.00
2.00
8.00
10.00
3.00
8.00
1800.00
264.00
2.50
20.00
10.00
50%
----------------25%
60%
------
------------------------------------
9
10
11
12
13
machinery
Telegram and telephone charges
Bank commission
Other expenses
Net Profit carry forward to C/B
TOTAL
300.00
5.00
4.00
1904.00
300.00
4.00
4.00
442.50
155.41
8243.41
---------------------------
-----20%
-----77%
-----29%
11557.50
INTREPRETATION
Sugar purchased decrease by 27.87% in the year 2007-2008 compared to 20062007
Reconstruction expenses increase by 50% in the year 2007-2008 compared to
2006-2007
Rent and taxes increased by 60% in the year 2007-2008 compared to 2006-200
47
C)2008-2009 Receipts
2007S.No
2008
Particulars
At Rs. In
Lakhs
2008-2009
At Rs. In
Lakhs
Increase
Decrease
Sugar Sales
7187.00
6440.00
-----
10.40%
Sale of By Products
1046.36
909.36
------
13.10%
Dividend
7.55
3.60
------
52.32%
Interest On Loans
2.00
3.02
33.78%
-----
Loss
------
-----
------
10.77%
TOTAL
8243.41
735598000
INTREPRETATION
Sugar sales decreased by 10.40% in the year 2008-2009 compared to 2007-2008
Sales of by product decrease by 13.10% in the 2008-2009 compared to 2007-2008
Interest on loan increased by 33.78% in the 2008-2009 compared to 2007-2008
48
PAYMENTS:-2008-2009
S.No
Particulars
2007-2008
2008-2009
At Rs. In
At Rs. In
Lakhs
5230.00
3.00
8.00
1800.00
264.00
2.50
20.50
10.50
Lakhs
4400.00
3.00
12.00
1600.00
338.00
3.00
20.00
10.50
1
2
3
4
5
6
7
8
Sugarcane purchased
Reconstruction expenses
Vehicles management
Interest on loan
Salary to staff
Auditors fees
Rent and taxes
Insurance
Repairs and maintenance of
machinery
Telegram and telephone
300.50
10
11
12
charges
Bank commission
Other expenses
Net Profit carry forward to
13
C/B
TOTAL
Increase
Decrease
In %
--------50%
-----22%
17%
-----------
16%
---------11.11%
--------2.43%
-----
300.00
------
0.16%
4.50
4.00
442.50
3.00
1.50
418.50
---------------
33.33%
63%
5.00%
155.41
8243.41
246.98
7355.98
58.92%
------
---11%
INTREPRETATION
49
Chapter-4
FINDING
AND
SUGGESTION
50
FINDINGS:
In Rana Sugars both monthly operation plan and annual operation plan are
prepared ascertaining the budgeting performance with actual performance.
51
SUGGESTIONS
It arises due to inflationary pressure and change in Government policies all these
affect the budgeting performance.
Rana Sugars can carry out some promotional activities, so as to increase its
sales and beat
the competition
Quarter Budget helps industrial concerns to checks its actual performance. After
ascertaining the actual performance if any modification requires that can be
adjusted in next quarter.
The company should have proper co-ordination between finance and marketing
department.
The company should have close watch on the market which helps to make new
strategies.
52
CONCLUSION
From the study it can be concluded that budgetary control is treated as one of the
better techniques for minimizing cost and maximizing profit in Rana Sugars. Budgetary
control technique plays important role in the profit making or smooth running of the
company.
It co ordinates all the departments like Finance, Marketing, Production in the
company. It makes the decentralization of authority in the organization which helps
organization goal with in stipulated period of time. Budgetary control acts as safety for
an organization because it helps to identify business risk and necessary steps can be
taken to avoid the risk.
Budgetary control techniques help to know how the available monetary resources can
be utilized effectively. This technique focus on efficiency in the allocation of resources
in particular time. As the finance department is the soul of any organization.
Budgetary control helps the organization by making finance department effectives .
53
BIBLIOGRAPHY
54
BIBLIOGRAPHY
BOOKS
Financial management by M.Y. Khan
Websites
www.google.co.in
www.ranasugars.com
http://en.wikipedia.org/wiki/History_of_sugar
http://www.sugarindustry.com/
http://www.moneycontrol.com
http://economictimes.indiatimes.com/rana-sugars-ltd/stocks/companyid10661.cms
http://biztaxlaw.about.com/od/glossaryb/g/Budget.htm
55
ANNEXURE
56
Mar' 06
Mar ' 07
Mar ' 08
Mar ' 09
Sources of funds
Owner's fund
Equity share capital
76.59
76.59
153.54
153.54
153.54
9.57
9.57
9.57
41.09
41.09
41.09
41.09
41.09
89.77
132.62
66.83
61.42
81.87
411.04
345.32
557.76
530.85
554.31
63.59
37.73
87.41
74.66
57.45
691.65
642.92
906.64
861.57
897.83
562.63
324.18
668.44
661.17
640.46
77.88
55.04
214.36
181.89
151.03
484.75
269.14
454.08
479.28
489.44
85.00
294.02
39.56
24.51
34.09
0.09
0.09
1.29
261.37
146.22
755.36
683.20
545.01
139.47
66.79
342.45
325.51
172.00
121.90
79.43
412.91
357.69
373.02
0.32
691.65
642.92
906.64
861.57
897.83
1.29
0.11
58.04
97.47
8.75
0.08
2.39
Loan funds
Secured loans
Unsecured loans
Total
Uses of funds
Fixed assets
Gross block
Less : revaluation reserve
Less : accumulated depreciation
Net block
Capital work-in-progress
Investments
Net current assets
Contingent liabilities
57
Mar' 05
Number of equity sharesoutstanding (Lacs)
Mar' 06
766.18
Mar ' 07
766.18
Mar ' 08
1535.68
Mar ' 09
1535.68
1535.68
Mar' 06
Mar ' 07
Mar ' 08
Mar ' 09
Income
Operating income
199.87
233.19
703.68
550.78
776.51
123.26
159.38
513.97
387.23
650.55
Manufacturing expenses
24.72
21.02
13.84
27.69
21.72
Personnel expenses
18.14
14.60
27.73
25.39
23.74
6.64
7.16
11.65
18.48
9.10
36.60
22.12
13.29
191.24
211.25
592.14
462.42
720.94
Operating profit
8.63
21.94
111.55
88.36
55.57
1.99
10.39
-0.07
1.51
3.96
Adjusted PBDIT
10.63
32.33
111.47
89.87
59.53
Financial expenses
44.83
23.02
72.51
77.98
64.23
Depreciation
23.28
15.69
32.92
32.22
31.67
0.32
1.13
-57.80
-7.51
6.05
-20.33
-36.38
-9.64
-0.84
0.04
0.02
-2.17
-48.16
-6.67
6.01
-20.36
-34.21
10.19
11.61
-0.60
-0.09
-4.03
-4.89
0.18
1.48
-42.85
5.12
5.41
-20.44
-36.76
-22.23
34.26
-34.66
-40.07
-19.62
Equity dividend
Preference dividend
Dividend tax
Expenses
Material consumed
Selling expenses
Adminstrative expenses
Expenses capitalised
Cost of sales
58
Mar' 05
Retained earnings
Mar' 06
-22.23
Mar ' 07
34.26
Mar ' 08
-34.66
Mar ' 09
-40.07
-19.62
Mar' 06
Mar ' 07
Mar ' 08
Mar ' 09
-47.61
-9.54
6.05
-20.33
-39.46
-13.50
1.50
54.31
69.75
-1.68
-29.62
-375.11
-23.56
-21.18
-5.48
49.33
365.30
-32.85
-45.05
-35.36
6.21
-8.31
-2.10
3.52
-42.51
4.72
13.03
22.12
18.60
61.04
10.92
4.72
20.03
22.12
18.53
59
60