2. Reserves -287.6 -361.9 -361.2
3. Shareholders' equity (A1+A2) -194.6 -268.9 -268.2
4. Preference shares
7. Total fixed liabilities (A4+A5+A6) 434.1 429.4 457.9
8. Total capital employed (A3+A7) 239.5 160.5 189.7
B. Liquidity:
(i) Cash 0.3 1.4 2.2
(ii) Investments
3. Inventories
5. Current liabilities 194.5 270.8 226.6
6. Total liabilities (A7+B5) 628.6 700.2 684.5
7. Net current assets (B4-B5) -177.5 -235.3 -186.5
8. Contractual liabilities 434.1 429.4 457.9
9. Net liquid assets (B1-B5) -194.2 -269.4 -224.4
C. Fixed Assets
2. Fixed assets after deducting accumulated depreciation 417.0 395.8 376.2
3. Depreciation for the year 22.5 21.3 20.3
4. Total assets (B4+C2) 434.0 431.3 416.3
D. Operation:
ii. Export sales
4. Overhead and other expenses 329.2 299.2 219.3
5. Operating profit -89.8 -70.2 6.4
6. Financial expenses
8. Tax provision 0.4 1.1 1.1
9. Total amount of dividend 2.3
10. Total value of bonus shares issued
E. Source of increase Capital:
1. Increase/decrease in capital employed (A8-A8 of preceding year) -8.0 -79.0 29.2
2. Retention in business (D7-D8-D9) -90.3 -71.3 3.0
3. Finance from outside the company (E1-E2) 82.3 -7.7 26.2
F . Cash flow data:
1. Depreciation for the year plus retention in business:Cash Flow(C2+E2) -67.7 -50.0 23.2
2. Depreciation for the year plus changes in capital employed (C3+E1) 14.5 -57.7 49.5
G. Operating Financial & Investment Ratios:-
1. Gearing ratio (A7 as % of A8) 181.3 267.5 241.4
2.Current ratio (B4 as % of B5) 8.7 13.1 17.7
3.Acid test orQuick ratio (B4-B3 as % of B5) 8.7 13.1 17.7
4.Debt equity ratio (B6 as % of A3) -323.0 -260.4 -255.2
5.Return on assets (D7 as % of C4) -20.7 -16.3 1.5
6. Self-financing ratio (E2 as % of E1) 1,126.80 90.3 10.2
 
8. Shareholders' equity as % of ordinary share capital (A3 as % of A1) -209.3 -289.1 -288.4
9. Overhead and other expenses as % of gross sale (D4 as % of D1) 137.7 132.0 99.9
10. Financial expenses as % of operating profit (D6 as % of D5)
11. Financial expenses as % of gross sales (D6 as % of D1)
12. Financial expenses as % of contractual liabilities (D6 as % of B8)
13. Tax provision as % of net pre-tax profit (D8 as % D7) -0.5 -1.6 17.2
14. Sundry debtors as % of gross sales 0.4 0.3 0.4
15. Net profit as % of shareholder's equity (D7 as % of A3) 46.2 26.1 -2.4
H.Key Performace Indicators :-
2. Dividend ratio to equity (D9 as % of A3) -0.9
3.Net Profit Margin (D7 as % of D1) -37.6 -31.0 2.9
4. Earning per ordinary share Before Tax (D7/No. of ordinary shares) -9.7 -7.5 0.7
5. Earning per ordinary share After Tax [(D7-D8)/No. of ordinary shares] -9.7 -7.7 0.6
6. Average annual % depreciation on written down fixed assets 5.1 5.1 5.1
7.Sales as a % of total assets (D1 as % C4) 55.1 52.5 52.7
8.Earning per share before tax growth 47.0 -22.7 -109.3
9.Sales Growth 2.6 -5.2 -3.2
10. Break-up value of ordinary shares (in Rs) -20.9 -28.9 -28.8
18
2. Reserves 27.8 -63.4 -16.5
3. Shareholders' equity (A1+A2) 105.1 13.8 60.8
4. Preference shares
7. Total fixed liabilities (A4+A5+A6) 287.3 414.1 380.4
8. Total capital employed (A3+A7) 392.4 428.0 441.1
B. Liquidity:
(i) Cash 0.4 1.0 0.7
(ii) Investments
3. Inventories
5. Current liabilities 147.1 201.2 206.4
6. Total liabilities (A7+B5) 434.4 615.4 586.8
7. Net current assets (B4-B5) -67.4 -139.6 -103.5
8. Contractual liabilities 287.3 414.1 380.4
9. Net liquid assets (B1-B5) -146.7 -200.3 -205.8
C. Fixed Assets
2. Fixed assets after deducting accumulated depreciation 459.8 567.6 544.7
3. Depreciation for the year 23.8 28.1 27.4
4. Total assets (B4+C2) 539.5 629.2 647.6
D. Operation:
ii. Export sales
4. Overhead and other expenses 329.8 260.8 425.3
5. Operating profit -82.9 -89.5 52.7
6. Financial expenses
8. Tax provision 0.7 2.4
9. Total amount of dividend 3.9
10. Total value of bonus shares issued
E. Source of increase Capital:
1. Increase/decrease in capital employed (A8-A8 of preceding year) -73.3 35.6 13.2
2. Retention in business (D7-D8-D9) -82.9 -90.2 46.4
3. Finance from outside the company (E1-E2) 9.6 125.7 -33.3
F . Cash flow data:
1. Depreciation for the year plus retention in business:Cash Flow(C2+E2) -59.1 -62.1 73.9
2. Depreciation for the year plus changes in capital employed (C3+E1) -49.6 63.6 40.6
G. Operating Financial & Investment Ratios:-
1. Gearing ratio (A7 as % of A8) 73.2 96.8 86.2
2.Current ratio (B4 as % of B5) 54.2 30.6 49.9
3.Acid test orQuick ratio (B4-B3 as % of B5) 54.2 30.6 49.9
4.Debt equity ratio (B6 as % of A3) 413.5 4,446.30 965.9
5.Return on assets (D7 as % of C4) -15.4 -14.2 8.1
6. Self-financing ratio (E2 as % of E1) 113.0 -253.4 352.7
7. Cash flow ratio (F1 as % of F2) 119.3 -97.6 181.9
8. Shareholders' equity as % of ordinary share capital (A3 as % of A1) 136.0 17.9 78.6
9. Overhead and other expenses as % of gross sale (D4 as % of D1) 134.5 152.2 89.0
10. Financial expenses as % of operating profit (D6 as % of D5)
11. Financial expenses as % of gross sales (D6 as % of D1)
12. Financial expenses as % of contractual liabilities (D6 as % of B8)
13. Tax provision as % of net pre-tax profit (D8 as % D7) -0.8 4.5
14. Sundry debtors as % of gross sales 0.7 0.1 0.3
15. Net profit as % of shareholder's equity (D7 as % of A3) -78.9 -646.4 86.7
H.Key Performace Indicators :-
2. Dividend ratio to equity (D9 as % of A3) 6.4
3.Net Profit Margin (D7 as % of D1) -33.8 -52.2 11.0
4. Earning per ordinary share Before Tax (D7/No. of ordinary shares) -10.7 -11.6 6.8
5. Earning per ordinary share After Tax [(D7-D8)/No. of ordinary shares] -10.7 -11.7 6.5
6. Average annual % depreciation on written down fixed assets 4.9 6.1 4.8
7.Sales as a % of total assets (D1 as % C4) 45.4 27.2 73.8
8.Earning per share before tax growth 81.4 8.4 -158.6
9.Sales Growth -30.4 -30.1 178.9
10. Break-up value of ordinary shares (in Rs) 13.6 1.8 7.9
19
Items 1998 1999 2000
2. Reserves 55.0 67.0 134.6
3. Shareholders' equity (A1+A2) 139.0 151.0 218.6
4. Preference shares
7. Total fixed liabilities (A4+A5+A6) 22.4 4.9
8. Total capital employed (A3+A7) 161.4 155.8 218.6
B. Liquidity:
3. Inventories
5. Current liabilities 77.0 117.3 98.8
6. Total liabilities (A7+B5) 99.4 122.2 98.8
7. Net current assets (B4-B5) -7.8 -2.4 23.3
8. Contractual liabilities 22.5 4.9
9. Net liquid assets (B1-B5) -76.9 -117.3 -54.1
C. Fixed Assets
2. Fixed assets after deducting accumulated depreciation 169.2 158.2 195.3
3. Depreciation for the year 19.1 17.7 22.0
4. Total assets (B4+C2) 238.4 273.2 317.4
D. Operation:
ii. Export sales
4. Overhead and other expenses 576.6 565.6 600.5
5. Operating profit 7.4 28.6 129.2
6. Financial expenses
8. Tax provision 0.9 22.3
9. Total amount of dividend 15.6 42.0
10. Total value of bonus shares issued
E. Source of increase Capital:
1. Increase/decrease in capital employed (A8-A8 of preceding year) -15.0 -5.6 62.7
2. Retention in business (D7-D8-D9) 7.4 12.0 65.0
3. Finance from outside the company (E1-E2) -22.5 -17.6 -2.2
F . Cash flow data:
1. Depreciation for the year plus retention in business:Cash Flow(C2+E2) 26.5 29.8 86.9
2. Depreciation for the year plus changes in capital employed (C3+E1) 4.0 12.2 84.7
G. Operating Financial & Investment Ratios:-
1. Gearing ratio (A7 as % of A8) 13.9 3.1
2.Current ratio (B4 as % of B5) 89.9 98.0 123.6
3.Acid test orQuick ratio (B4-B3 as % of B5) 89.9 98.0 123.6
4.Debt equity ratio (B6 as % of A3) 71.5 80.9 45.2
5.Return on assets (D7 as % of C4) 3.1 10.5 40.7
6. Self-financing ratio (E2 as % of E1) -49.3 -216.2 103.5
7. Cash flow ratio (F1 as % of F2) 660.1 244.8 102.6
 
9. Overhead and other expenses as % of gross sale (D4 as % of D1) 98.7 95.2 82.3
10. Financial expenses as % of operating profit (D6 as % of D5)
11. Financial expenses as % of gross sales (D6 as % of D1)
12. Financial expenses as % of contractual liabilities (D6 as % of B8)
13. Tax provision as % of net pre-tax profit (D8 as % D7) 3.2 17.2
14. Sundry debtors as % of gross sales 4.4 3.4 4.2
15. Net profit as % of shareholder's equity (D7 as % of A3) 5.3 18.9 59.1
H.Key Performace Indicators :-
1. Dividend cover ratio [(D7-D8) as % of D9) 1.8 2.6
2. Dividend ratio to equity (D9 as % of A3) 10.4 19.2
3.Net Profit Margin (D7 as % of D1) 1.3 4.8 17.7
4. Earning per ordinary share Before Tax (D7/No. of ordinary shares) 0.9 3.4 15.4
5. Earning per ordinary share After Tax [(D7-D8)/No. of ordinary shares] 0.9 3.3 12.7
6. Average annual % depreciation on written down fixed assets 11.7 10.5 13.9
7.Sales as a % of total assets (D1 as % C4) 245.0 217.5 229.9
8.Earning per share before tax growth -70.0 277.8 352.9
9.Sales Growth 19.4 1.7 22.8
10. Break-up value of ordinary shares (in Rs) 16.5 18.0 26.0
20
A. Capital Structure:
2. Reserves 10.5 8.6 8.8 8.8
3. Shareholders' equity (A1+A2) 14.5 12.6 12.8 12.8
4. Preference shares
8. Total capital employed (A3+A7) 14.5 12.6 12.8 12.8
B. Liquidity:
(i) Cash
2. Other current assets 0.2 0.2 0.2 0.2
3. Inventories
4. Current assets (B1+B2+B3) 10.3 8.5 8.5 8.5
5. Current liabilities 1.4 1.4 1.2 1.2
6. Total liabilities (A7+B5) 1.4 1.4 1.2 1.2
7. Net current assets (B4-B5) 9.0 7.1 7.3 7.3
8. Contractual liabilities 0.1
C. Fixed Assets
1. Fixed assets at cost 16.1 16.1 16.1 16.1
2. Fixed assets after deducting accumulated depr 5.5 5.5 5.5 5.5
3. Depreciation for the year
4. Total assets (B4+C2) 15.8 14.0 14.0 14.0
D. Operation:
5. Operating profit -0.1 -1.9 0.3 -0.1
6. Financial expenses
7. Net profit before tax (D5-D6) -0.1 -1.9 0.3 -0.1
8. Tax provision
10. Total value of bonus shares issued
E. Source of increase Capital:
1. Increase/decrease in capital employed (A8-A8 -0.1 -1.9 0.3 -0.1
2. Retention in business (D7-D8-D9) -0.1 -1.9 0.3 -0.1
3. Finance from outside the company (E1-E2)
F . Cash flow data:
1. Depreciation for the year plus retention in bus -0.1 -1.9 0.3 -0.1
2. Depreciation for the year plus changes in capit -0.1 -1.9 0.3 -0.1
G. Operating Financial & Investment Ratios:-
1. Gearing ratio (A7 as % of A8)
2.Current ratio (B4 as % of B5) 760.3 590.3 720.3 686.3
3.Acid test orQuick ratio (B4-B3 as % of B5) 760.3 590.3 720.3 686.3
4.Debt equity ratio (B6 as % of A3) 9.4 11.5 9.2 9.7
5.Return on assets (D7 as % of C4) -0.5 -13.7 2.0 -0.4
6. Self-financing ratio (E2 as % of E1) 100.0 100.5 107.7 100.0
7. Cash flow ratio (F1 as % of F2) 100.0 100.5 107.7 100.0
8. Shareholders' equity as % of ordinary share c 361.8 314.0 320.5 319.3
9. Overhead and other expenses as % of gross sale (D4 as % of D1)
10. Financial expenses as % of operating profit (D6 as % of D5)
11. Financial expenses as % of gross sales (D6 as % of D1)
12. Financial expenses as % of contractual liabilities (D6 as % of B8)
13. Tax provision as % of net pre-tax profit (D8 as % D7)
14. Sundry debtors as % of gross sales
15. Net profit as % of shareholder's equity (D7 a -0.5 -15.3 2.2 -0.4
H.Key Performace Indicators :-
2. Dividend ratio to equity (D9 as % of A3)
3.Net Profit Margin (D7 as % of D1)
4. Earning per ordinary share Before Tax (D7/No. of ordinary shares) -0.2 -4.8 0.7
5. Earning per ordinary share After Tax [(D7-D8)/No. of ordinary shares] -0.2 -4.8 0.7
6. Average annual % depreciation on written down fixed assets
7.Sales as a % of total assets (D1 as % C4)
8.Earning per share before tax growth -33.3 2,300.0 -114.6
9.Sales Growth
10. Break-up value of ordinary shares (in Rs) 36.2 31.4 32.1
21
2. Reserves -233.7 -352.5 -362.9
3. Shareholders' equity (A1+A2) -114.3 -233.0 -243.5
4. Preference shares
7. Total fixed liabilities (A4+A5+A6) 318.0 506.6 580.6
8. Total capital employed (A3+A7) 203.8 273.6 337.1
B. Liquidity:
(i) Cash 0.2 0.7 8.8
(ii) Investments
3. Inventories
5. Current liabilities 273.8 179.4 161.4
6. Total liabilities (A7+B5) 591.8 686.0 742.0
7. Net current assets (B4-B5) -222.6 -139.1 -63.8
8. Contractual liabilities 318.0 506.6 580.6
9. Net liquid assets (B1-B5) -273.6 -178.7 -152.6
C. Fixed Assets
2. Fixed assets after deducting accumulated depreciation 426.3 412.6 401.0
3. Depreciation for the year 18.2 14.0 14.8
4. Total assets (B4+C2) 477.5 453.0 498.5
D. Operation:
ii. Export sales
4. Overhead and other expenses 294.6 234.0 338.4
5. Operating profit -101.2 -117.8 6.0
6. Financial expenses
8. Tax provision 1.0 0.6 1.7
9. Total amount of dividend
10. Total value of bonus shares issued
E. Source of increase Capital:
1. Increase/decrease in capital employed (A8-A8 of preceding year) -84.2 69.8 63.6
2. Retention in business (D7-D8-D9) -102.2 -118.3 4.3
3. Finance from outside the company (E1-E2) 17.9 188.1 59.3
F . Cash flow data:
1. Depreciation for the year plus retention in business:Cash Flow(C2+E2) -84.0 -104.4 19.1
2. Depreciation for the year plus changes in capital employed (C3+E1) -66.1 83.7 78.4
G. Operating Financial & Investment Ratios:-
1. Gearing ratio (A7 as % of A8) 156.1 185.2 172.2
2.Current ratio (B4 as % of B5) 18.7 22.5 60.5
3.Acid test orQuick ratio (B4-B3 as % of B5) 18.7 22.5 60.5
4.Debt equity ratio (B6 as % of A3) -518.0 -294.4 -304.8
5.Return on assets (D7 as % of C4) -21.2 -26.0 1.2
6. Self-financing ratio (E2 as % of E1) 121.3 -169.6 6.7
7. Cash flow ratio (F1 as % of F2) 127.1 -124.7 24.4
8. Shareholders' equity as % of ordinary share capital (A3 as % of A1) -95.7 -195.1 -203.9
9. Overhead and other expenses as % of gross sale (D4 as % of D1) 152.4 202.5 98.5
10. Financial expenses as % of operating profit (D6 as % of D5)
11. Financial expenses as % of gross sales (D6 as % of D1)
12. Financial expenses as % of contractual liabilities (D6 as % of B8)
13. Tax provision as % of net pre-tax profit (D8 as % D7) -1.0 -0.5 28.6
14. Sundry debtors as % of gross sales 7.2 13.1 14.0
15. Net profit as % of shareholder's equity (D7 as % of A3) 88.6 50.5 -2.5
H.Key Performace Indicators :-
 
3.Net Profit Margin (D7 as % of D1) -52.3 -101.9 1.8
4. Earning per ordinary share Before Tax (D7/No. of ordinary shares) -8.5 -9.9 0.5
5. Earning per ordinary share After Tax [(D7-D8)/No. of ordinary shares] -8.6 -9.9 0.4
6. Average annual % depreciation on written down fixed assets 4.3 3.3 3.6
7.Sales as a % of total assets (D1 as % C4) 40.5 25.5 68.9
8.Earning per share before tax growth 157.6 16.5 -105.1
9.Sales Growth -29.3 -40.2 197.2
10. Break-up value of ordinary shares (in Rs) -9.6 -19.5 -20.4
22
2. Reserves 58.6 -105.7 -59.6
3. Shareholders' equity (A1+A2) 144.1 -20.2 25.9
4. Preference shares
6. Other fixed liabilities 335.8 513.6 481.6
7. Total fixed liabilities (A4+A5+A6) 376.6 554.4 520.2
8. Total capital employed (A3+A7) 520.6 534.2 546.1
B. Liquidity:
(i) Cash 3.4 3.8 4.7
(ii) Investments
3. Inventories
5. Current liabilities 151.0 152.2 74.4
6. Total liabilities (A7+B5) 527.5 706.6 594.6
7. Net current assets (B4-B5) -115.4 -97.0 -27.0
8. Contractual liabilities 376.6 554.4 520.2
9. Net liquid assets (B1-B5) -147.6 -148.4 -69.6
C. Fixed Assets
2. Fixed assets after deducting accumulated depreciation 636.1 631.2 573.1
3. Depreciation for the year 30.9 4.9 58.4
4. Total assets (B4+C2) 671.6 686.4 620.5
D. Operation:
ii. Export sales
4. Overhead and other expenses 429.9 68.6 403.2
5. Operating profit -79.7 -33.0 13.5
6. Financial expenses
8. Tax provision
10. Total value of bonus shares issued
 
E. Source of increase Capital:
1. Increase/decrease in capital employed (A8-A8 of preceding year) -47.6 13.6 11.9
2. Retention in business (D7-D8-D9) -79.7 -33.0 12.3
3. Finance from outside the company (E1-E2) 32.1 46.5 -0.4
F . Cash flow data:
1. Depreciation for the year plus retention in business:Cash Flow(C2+E2) -48.8 -28.1 70.7
2. Depreciation for the year plus changes in capital employed (C3+E1) -16.7 18.4 70.3
G. Operating Financial & Investment Ratios:-
1. Gearing ratio (A7 as % of A8) 72.3 103.8 95.3
2.Current ratio (B4 as % of B5) 23.5 36.3 63.7
3.Acid test orQuick ratio (B4-B3 as % of B5) 23.5 36.3 63.7
4.Debt equity ratio (B6 as % of A3) 366.2 -3,496.20 2,297.50
5.Return on assets (D7 as % of C4) -11.9 -4.8 2.2
6. Self-financing ratio (E2 as % of E1) 167.5 -243.3 103.4
7. Cash flow ratio (F1 as % of F2) 292.2 -152.3 100.6
8. Shareholders' equity as % of ordinary share capital (A3 as % of A1) 168.5 -23.6 30.3
9. Overhead and other expenses as % of gross sale (D4 as % of D1) 122.8 192.6 96.8
10. Financial expenses as % of operating profit (D6 as % of D5)
11. Financial expenses as % of gross sales (D6 as % of D1)
12. Financial expenses as % of contractual liabilities (D6 as % of B8)
13. Tax provision as % of net pre-tax profit (D8 as % D7)
14. Sundry debtors as % of gross sales 18.7 0.6
15. Net profit as % of shareholder's equity (D7 as % of A3) -55.3 163.1 52.3
H.Key Performace Indicators :-
2. Dividend ratio to equity (D9 as % of A3) 4.6
3.Net Profit Margin (D7 as % of D1) -22.8 -92.6 3.3
4. Earning per ordinary share Before Tax (D7/No. of ordinary shares) -9.3 -3.9 1.6
5. Earning per ordinary share After Tax [(D7-D8)/No. of ordinary shares] -9.3 -3.9 1.6
6. Average annual % depreciation on written down fixed assets 4.6 0.8 9.3
7.Sales as a % of total assets (D1 as % C4) 52.1 5.2 67.1
8.Earning per share before tax growth 4.5 -58.1 -141.0
9.Sales Growth -29.9 -89.8 1,069.80
10. Break-up value of ordinary shares (in Rs) 16.9 -2.4 3.0
23
2. Reserves 308.9 311.5 339.6
3. Shareholders' equity (A1+A2) 393.2 395.8 423.9
4. Preference shares
7. Total fixed liabilities (A4+A5+A6) 41.3 69.4 74.7
8. Total capital employed (A3+A7) 434.5 465.2 498.5
B. Liquidity:
(i) Cash 19.9 5.5 9.8
(ii) Investments
 
5. Current liabilities 247.5 273.1 295.1
6. Total liabilities (A7+B5) 288.8 342.5 369.7
7. Net current assets (B4-B5) 3.3 -35.7 -26.6
8. Contractual liabilities 41.3 69.4 74.7
9. Net liquid assets (B1-B5) -227.6 -267.5 -285.3
C. Fixed Assets
2. Fixed assets after deducting accumulated depreciation 431.2 500.9 525.1
3. Depreciation for the year 11.7 19.4 27.7
4. Total assets (B4+C2) 682.0 738.3 793.6
D. Operation:
ii. Export sales
4. Overhead and other expenses 259.6 325.1 383.7
5. Operating profit 10.2 8.9 30.5
6. Financial expenses
8. Tax provision 1.3 1.7 2.1
9. Total amount of dividend 4.2
10. Total value of bonus shares issued
E. Source of increase Capital:
1. Increase/decrease in capital employed (A8-A8 of preceding year) 123.3 30.7 33.3
2. Retention in business (D7-D8-D9) 8.9 3.0 28.4
3. Finance from outside the company (E1-E2) 114.5 27.7 4.9
F . Cash flow data:
1. Depreciation for the year plus retention in business:Cash Flow(C2+E2) 20.6 22.4 56.1
2. Depreciation for the year plus changes in capital employed (C3+E1) 135.1 50.1 61.1
G. Operating Financial & Investment Ratios:-
1. Gearing ratio (A7 as % of A8) 9.5 14.9 15.0
2.Current ratio (B4 as % of B5) 101.3 86.9 91.0
3.Acid test orQuick ratio (B4-B3 as % of B5) 101.3 86.9 91.0
4.Debt equity ratio (B6 as % of A3) 73.4 86.5 87.2
5.Return on assets (D7 as % of C4) 1.5 1.2 3.8
6. Self-financing ratio (E2 as % of E1) 7.2 9.8 85.2
7. Cash flow ratio (F1 as % of F2) 15.2 44.8 91.9
8. Shareholders' equity as % of ordinary share capital (A3 as % of A1) 466.4 469.5 502.7
9. Overhead and other expenses as % of gross sale (D4 as % of D1) 96.9 97.5 92.7
10. Financial expenses as % of operating profit (D6 as % of D5)
11. Financial expenses as % of gross sales (D6 as % of D1)
12. Financial expenses as % of contractual liabilities (D6 as % of B8)
13. Tax provision as % of net pre-tax profit (D8 as % D7) 13.0 18.9 6.7
14. Sundry debtors as % of gross sales 11.6 0.3
15. Net profit as % of shareholder's equity (D7 as % of A3) 2.6 2.3 7.2
H.Key Performace Indicators :-
2. Dividend ratio to equity (D9 as % of A3) 1.1
3.Net Profit Margin (D7 as % of D1) 3.8 2.7 7.4
4. Earning per ordinary share Before Tax (D7/No. of ordinary shares) 1.2 1.1 3.6
5. Earning per ordinary share After Tax [(D7-D8)/No. of ordinary shares] 1.1 0.9 3.4
6. Average annual % depreciation on written down fixed assets 3.8 4.5 5.5
7.Sales as a % of total assets (D1 as % C4) 39.3 45.2 52.2
8.Earning per share before tax growth 71.4 -8.3 227.3
9.Sales Growth 91.6 24.6 24.2
 
2. Reserves -27.2 -48.9 -62.9
3. Shareholders' equity (A1+A2) 2.8 -18.9 -32.9
4. Preference shares
7. Total fixed liabilities (A4+A5+A6) 34.4 26.9 19.5
8. Total capital employed (A3+A7) 37.2 8.1 -13.4
B. Liquidity:
(i) Cash 0.5 0.5
3. Inventories
5. Current liabilities 116.2 113.5 117.7
6. Total liabilities (A7+B5) 150.6 140.4 137.2
7. Net current assets (B4-B5) -28.7 -56.3 -76.0
8. Contractual liabilities 34.4 26.9 19.5
9. Net liquid assets (B1-B5) -115.8 -113.5 -117.2
C. Fixed Assets
2. Fixed assets after deducting accumulated depreciation 65.9 64.4 62.5
3. Depreciation for the year 7.7 1.9 1.8
4. Total assets (B4+C2) 153.4 121.6 104.3
D. Operation:
ii. Export sales
4. Overhead and other expenses 225.3 101.5 35.7
5. Operating profit -5.6 -22.5 -14.1
6. Financial expenses
8. Tax provision 1.5 0.7 0.4
9. Total amount of dividend
10. Total value of bonus shares issued
E. Source of increase Capital:
1. Increase/decrease in capital employed (A8-A8 of preceding year) 4.7 -29.2 -21.5
2. Retention in business (D7-D8-D9) -7.0 -23.2 -14.5
3. Finance from outside the company (E1-E2) 11.7 -5.9 -7.0
F . Cash flow data:
1. Depreciation for the year plus retention in business:Cash Flow(C2+E2) 0.7 -21.3 -12.7
2. Depreciation for the year plus changes in capital employed (C3+E1) 12.4 -27.3 -19.7
G. Operating Financial & Investment Ratios:-
 
2.Current ratio (B4 as % of B5) 75.3 50.4 35.5
3.Acid test orQuick ratio (B4-B3 as % of B5) 75.3 50.4 35.5
4.Debt equity ratio (B6 as % of A3) 5,321.60 -743.8 -417.2
5.Return on assets (D7 as % of C4) -3.6 -18.5 -13.5
6. Self-financing ratio (E2 as % of E1) -150.7 79.6 67.6
7. Cash flow ratio (F1 as % of F2) 5.4 78.2 64.6
8. Shareholders' equity as % of ordinary share capital (A3 as % of A1) 9.4 -62.9 -109.6
9. Overhead and other expenses as % of gross sale (D4 as % of D1) 102.5 128.5 165.5
10. Financial expenses as % of operating profit (D6 as % of D5)
11. Financial expenses as % of gross sales (D6 as % of D1)
12. Financial expenses as % of contractual liabilities (D6 as % of B8)
13. Tax provision as % of net pre-tax profit (D8 as % D7) -26.9 -3.1 -2.8
14. Sundry debtors as % of gross sales 8.4 2.8 3.7
15. Net profit as % of shareholder's equity (D7 as % of A3) -195.9 119.3 42.9
H.Key Performace Indicators :-
2. Dividend ratio to equity (D9 as % of A3)
3.Net Profit Margin (D7 as % of D1) -2.5 -28.5 -65.4
4. Earning per ordinary share Before Tax (D7/No. of ordinary shares) -1.9 -7.5 -4.7
5. Earning per ordinary share After Tax [(D7-D8)/No. of ordinary shares] -2.4 -7.7 -4.8
6. Average annual % depreciation on written down fixed assets 12.0 2.9 2.8
7.Sales as a % of total assets (D1 as % C4) 143.2 65.0 20.7
8.Earning per share before tax growth -211.8 294.7 -37.3
9.Sales Growth -5.0 -64.1 -72.7
10. Break-up value of ordinary shares (in Rs) 0.9 -6.3 -11.0
25
2. Reserves 106.2 123.6 166.8
3. Shareholders' equity (A1+A2) 181.8 199.2 242.4
4. Preference shares
7. Total fixed liabilities (A4+A5+A6) 210.3 246.4 201.0
8. Total capital employed (A3+A7) 392.1 445.6 443.4
B. Liquidity:
(i) Cash 6.0 3.2 23.1
(ii) Investments
3. Inventories
5. Current liabilities 168.7 110.9 94.6
6. Total liabilities (A7+B5) 379.0 357.3 295.6
7. Net current assets (B4-B5) -76.8 -12.3 -4.2
8. Contractual liabilities 210.3 246.4 201.0
9. Net liquid assets (B1-B5) -162.8 -107.6 -71.4
C. Fixed Assets
 
2. Fixed assets after deducting accumulated depreciation 468.9 458.0 447.6
3. Depreciation for the year 24.5 24.0 25.0
4. Total assets (B4+C2) 560.8 556.5 538.0
D. Operation:
ii. Export sales
4. Overhead and other expenses 504.1 531.1 628.9
5. Operating profit -7.4 -4.4 61.7
6. Financial expenses
8. Tax provision 1.2 3.3 7.3
9. Total amount of dividend 7.6
10. Total value of bonus shares issued
E. Source of increase Capital:
1. Increase/decrease in capital employed (A8-A8 of preceding year) -32.8 53.6 -2.2
2. Retention in business (D7-D8-D9) -8.6 -7.7 46.9
3. Finance from outside the company (E1-E2) -24.3 61.3 -49.1
F . Cash flow data:
1. Depreciation for the year plus retention in business:Cash Flow(C2+E2) 15.9 16.3 71.9
2. Depreciation for the year plus changes in capital employed (C3+E1) -8.4 77.6 22.8
G. Operating Financial & Investment Ratios:-
1. Gearing ratio (A7 as % of A8) 53.6 55.3 45.3
2.Current ratio (B4 as % of B5) 54.5 88.9 95.6
3.Acid test orQuick ratio (B4-B3 as % of B5) 54.5 88.9 95.6
4.Debt equity ratio (B6 as % of A3) 208.5 179.3 122.0
5.Return on assets (D7 as % of C4) -1.3 -0.8 11.5
6. Self-financing ratio (E2 as % of E1) 26.1 -14.4 -2,112.20
7. Cash flow ratio (F1 as % of F2) -190.1 21.0 315.8
8. Shareholders' equity as % of ordinary share capital (A3 as % of A1) 240.4 263.5 320.6
9. Overhead and other expenses as % of gross sale (D4 as % of D1) 101.6 100.9 91.1
10. Financial expenses as % of operating profit (D6 as % of D5)
11. Financial expenses as % of gross sales (D6 as % of D1)
12. Financial expenses as % of contractual liabilities (D6 as % of B8)
13. Tax provision as % of net pre-tax profit (D8 as % D7) -15.5 -75.0 11.8
14. Sundry debtors as % of gross sales 1.8 1.0 0.2
15. Net profit as % of shareholder's equity (D7 as % of A3) -4.1 -2.2 25.5
H.Key Performace Indicators :-
2. Dividend ratio to equity (D9 as % of A3) 3.1
3.Net Profit Margin (D7 as % of D1) -1.5 -0.8 8.9
4. Earning per ordinary share Before Tax (D7/No. of ordinary shares) -1.0 -0.6 8.2
5. Earning per ordinary share After Tax [(D7-D8)/No. of ordinary shares] -1.1 -1.0 7.2
6. Average annual % depreciation on written down fixed assets 5.0 5.1 5.5
7.Sales as a % of total assets (D1 as % C4) 88.5 94.6 128.4
8.Earning per share before tax growth -350.0 -40.0 -1,466.70
9.Sales Growth -18.6 6.1 31.2
10. Break-up value of ordinary shares (in Rs) 24.0 26.4 32.1
26
2. Reserves 82.7 82.7 13.4
3. Shareholders' equity (A1+A2) 157.2 157.2 87.9
4. Preference shares
7. Total fixed liabilities (A4+A5+A6) 137.8 137.8 129.9
8. Total capital employed (A3+A7) 295.0 295.0 217.8
B. Liquidity:
(i) Cash 1.4 1.4 0.5
(ii) Investments
3. Inventories
5. Current liabilities 70.2 70.2 72.9
6. Total liabilities (A7+B5) 208.0 208.0 202.8
7. Net current assets (B4-B5) -42.8 -42.8 -46.6
8. Contractual liabilities 137.8 137.8 129.9
9. Net liquid assets (B1-B5) -68.9 -68.9 -72.4
C. Fixed Assets
2. Fixed assets after deducting accumulated depreciation 337.8 337.8 264.4
3. Depreciation for the year 10.6 9.6 13.6
4. Total assets (B4+C2) 365.2 365.2 290.7
D. Operation:
ii. Export sales
4. Overhead and other expenses 194.8 194.8 236.2
5. Operating profit -12.1 -12.1 4.0
6. Financial expenses
8. Tax provision 0.9 1.2
9. Total amount of dividend
10. Total value of bonus shares issued
E. Source of increase Capital:
1. Increase/decrease in capital employed (A8-A8 of preceding year) -9.0 -77.2
2. Retention in business (D7-D8-D9) -12.1 -13.0 2.8
3. Finance from outside the company (E1-E2) 3.1 13.0 -80.0
F . Cash flow data:
1. Depreciation for the year plus retention in business:Cash Flow(C2+E2) -1.5 -3.4 16.3
2. Depreciation for the year plus changes in capital employed (C3+E1) 1.6 9.6 -63.6
G. Operating Financial & Investment Ratios:-
1. Gearing ratio (A7 as % of A8) 46.7 46.7 59.6
2.Current ratio (B4 as % of B5) 39.0 39.0 36.1
3.Acid test orQuick ratio (B4-B3 as % of B5) 39.0 39.0 36.1
4.Debt equity ratio (B6 as % of A3) 132.3 132.3 230.7
5.Return on assets (D7 as % of C4) -3.3 -3.3 1.4
6. Self-financing ratio (E2 as % of E1) 134.0 -3.6
7. Cash flow ratio (F1 as % of F2) -93.1 -35.6 -25.7
8. Shareholders' equity as % of ordinary share capital (A3 as % of A1) 210.9 210.9 118.0
9. Overhead and other expenses as % of gross sale (D4 as % of D1) 106.6 106.6 98.4
 
11. Financial expenses as % of gross sales (D6 as % of D1)
12. Financial expenses as % of contractual liabilities (D6 as % of B8)
13. Tax provision as % of net pre-tax profit (D8 as % D7) -7.5 30.3
14. Sundry debtors as % of gross sales 0.2 0.2 0.1
15. Net profit as % of shareholder's equity (D7 as % of A3) -7.7 -7.7 4.5
H.Key Performace Indicators :-
2. Dividend ratio to equity (D9 as % of A3)
3.Net Profit Margin (D7 as % of D1) -6.6 -6.6 1.7
4. Earning per ordinary share Before Tax (D7/No. of ordinary shares) -1.6 -1.6 0.5
5. Earning per ordinary share After Tax [(D7-D8)/No. of ordinary shares] -1.6 -1.7 0.4
6. Average annual % depreciation on written down fixed assets 3.1 2.8 5.0
7.Sales as a % of total assets (D1 as % C4) 50.0 50.0 82.6
8.Earning per share before tax growth -70.4 -131.3
9.Sales Growth -17.2 31.5
10. Break-up value of ordinary shares (in Rs) 21.1 21.1 11.8
27
Items 1998 1999 2000
2. Reserves -258.2 -234.6 -208.3
3. Shareholders' equity (A1+A2) -162.5 -138.9 -112.5
4. Preference shares
7. Total fixed liabilities (A4+A5+A6) 167.2 111.6 98.4
8. Total capital employed (A3+A7) 4.7 -27.3 -14.1
B. Liquidity:
(i) Cash 0.3 0.4 0.4
(ii) Investments
3. Inventories
5. Current liabilities 169.8 239.4 215.8
6. Total liabilities (A7+B5) 337.0 351.0 314.2
7. Net current assets (B4-B5) -112.9 -141.7 -126.1
8. Contractual liabilities 167.2 111.6 98.4
9. Net liquid assets (B1-B5) -169.6 -239.0 -215.4
C. Fixed Assets
2. Fixed assets after deducting accumulated depreciation 117.7 114.4 112.0
3. Depreciation for the year 4.4 4.1 3.8
4. Total assets (B4+C2) 174.6 212.2 201.7
D. Operation:
ii. Export sales
 
5. Operating profit -28.8 -35.5 31.5
6. Financial expenses
8. Tax provision 1.6 1.3 2.5
9. Total amount of dividend 0.9
10. Total value of bonus shares issued
E. Source of increase Capital:
1. Increase/decrease in capital employed (A8-A8 of preceding year) 22.0 -32.0 13.2
2. Retention in business (D7-D8-D9) -30.3 -36.8 28.0
3. Finance from outside the company (E1-E2) 52.3 4.8 -14.9
F . Cash flow data:
1. Depreciation for the year plus retention in business:Cash Flow(C2+E2) -25.9 -32.8 31.8
2. Depreciation for the year plus changes in capital employed (C3+E1) 26.4 -27.9 16.9
G. Operating Financial & Investment Ratios:-
1. Gearing ratio (A7 as % of A8) 3,534.70 -409.5 -698.1
2.Current ratio (B4 as % of B5) 33.5 40.8 41.6
3.Acid test orQuick ratio (B4-B3 as % of B5) 33.5 40.8 41.6
4.Debt equity ratio (B6 as % of A3) -207.5 -252.8 -279.2
5.Return on assets (D7 as % of C4) -16.5 -16.7 15.6
6. Self-financing ratio (E2 as % of E1) -137.8 115.1 213.2
7. Cash flow ratio (F1 as % of F2) -98.2 117.3 187.9
8. Shareholders' equity as % of ordinary share capital (A3 as % of A1) -169.7 -145.0 -117.5
9. Overhead and other expenses as % of gross sale (D4 as % of D1) 109.4 113.4 93.3
10. Financial expenses as % of operating profit (D6 as % of D5)
11. Financial expenses as % of gross sales (D6 as % of D1)
12. Financial expenses as % of contractual liabilities (D6 as % of B8)
13. Tax provision as % of net pre-tax profit (D8 as % D7) -5.4 -3.8 8.0
14. Sundry debtors as % of gross sales 2.3 6.6 4.2
15. Net profit as % of shareholder's equity (D7 as % of A3) 17.7 25.5 -28.0
H.Key Performace Indicators :-
2. Dividend ratio to equity (D9 as % of A3) -0.8
3.Net Profit Margin (D7 as % of D1) -9.3 -13.3 6.9
4. Earning per ordinary share Before Tax (D7/No. of ordinary shares) -3.0 -1.9 1.6
5. Earning per ordinary share After Tax [(D7-D8)/No. of ordinary shares] -3.2 -1.9 1.5
6. Average annual % depreciation on written down fixed assets 3.7 3.4 3.3
7.Sales as a % of total assets (D1 as % C4) 176.6 125.8 226.0
8.Earning per share before tax growth 66.7 -36.7 -184.2
9.Sales Growth 31.5 -13.4 70.8
10. Break-up value of ordinary shares (in Rs) -17.0 -7.3 -5.9
28
Items 1998 1999 2000
2. Reserves 7.3 16.3 52.4
3. Shareholders' equity (A1+A2) 15.3 24.3 60.4
4. Preference shares
8. Total capital employed (A3+A7) 15.3 24.3 60.4
B. Liquidity:
(i) Cash 5.6 0.3 23.2
(ii) Investments
3. Inventories
5. Current liabilities 128.8 91.8 98.1
6. Total liabilities (A7+B5) 128.8 91.8 98.1
7. Net current assets (B4-B5) -60.9 -50.9 -18.2
8. Contractual liabilities
C. Fixed Assets
2. Fixed assets after deducting accumulated depreciation 76.3 75.2 78.6
3. Depreciation for the year 8.9 8.7 9.3
4. Total assets (B4+C2) 144.1 116.0 158.5
D. Operation:
ii. Export sales
4. Overhead and other expenses 684.2 489.2 565.0
5. Operating profit -21.4 17.9 84.9
6. Financial expenses
8. Tax provision 3.0 2.5 27.2
9. Total amount of dividend 1.0 6.2 23.2
10. Total value of bonus shares issued
E. Source of increase Capital:
1. Increase/decrease in capital employed (A8-A8 of preceding year) -25.9 9.0 36.1
2. Retention in business (D7-D8-D9) -25.5 9.1 34.5
3. Finance from outside the company (E1-E2) -0.5 -0.2 1.6
F . Cash flow data:
1. Depreciation for the year plus retention in business:Cash Flow(C2+E2) -16.6 17.8 43.8
2. Depreciation for the year plus changes in capital employed (C3+E1) -17.1 17.6 45.4
G. Operating Financial & Investment Ratios:-
1. Gearing ratio (A7 as % of A8)
2.Current ratio (B4 as % of B5) 52.7 44.5 81.5
3.Acid test orQuick ratio (B4-B3 as % of B5) 52.7 44.5 81.5
4.Debt equity ratio (B6 as % of A3) 840.7 377.9 162.5
5.Return on assets (D7 as % of C4) -14.9 15.4 53.6
6. Self-financing ratio (E2 as % of E1) 98.2 101.9 95.7
7. Cash flow ratio (F1 as % of F2) 97.2 101.0 96.6
8. Shareholders' equity as % of ordinary share capital (A3 as % of A1) 191.5 303.5 754.6
9. Overhead and other expenses as % of gross sale (D4 as % of D1) 103.7 96.5 87.0
10. Financial expenses as % of operating profit (D6 as % of D5)
11. Financial expenses as % of gross sales (D6 as % of D1)
12. Financial expenses as % of contractual liabilities (D6 as % of B8)
13. Tax provision as % of net pre-tax profit (D8 as % D7) -14.2 14.2 32.0
14. Sundry debtors as % of gross sales 2.1 1.4 2.5
15. Net profit as % of shareholder's equity (D7 as % of A3) -139.8 73.6 140.7
H.Key Performace Indicators :-
1. Dividend cover ratio [(D7-D8) as % of D9) -24.5 2.5 2.5
2. Dividend ratio to equity (D9 as % of A3) 6.5 25.5 38.4
 
4. Earning per ordinary share Before Tax (D7/No. of ordinary shares) -26.8 22.3 106.2
5. Earning per ordinary share After Tax [(D7-D8)/No. of ordinary shares] -30.6 19.2 72.2
6. Average annual % depreciation on written down fixed assets 10.5 11.4 12.3
7.Sales as a % of total assets (D1 as % C4) 458.0 436.8 409.7
8.Earning per share before tax growth -695.6 -183.2 376.2
9.Sales Growth 5.5 -23.2 28.1
10. Break-up value of ordinary shares (in Rs) 19.2 30.4 75.5
29
2. Reserves -257.3 -320.7 -367.1
3. Shareholders' equity (A1+A2) -205.5 -269.0 -315.4
4. Preference shares
7. Total fixed liabilities (A4+A5+A6) 207.7 221.7 166.0
8. Total capital employed (A3+A7) 2.2 -47.2 -149.4
B. Liquidity:
(i) Cash 0.7 0.3 1.0
(ii) Investments
3. Inventories
5. Current liabilities 227.1 291.2 334.7
6. Total liabilities (A7+B5) 434.8 512.9 500.7
7. Net current assets (B4-B5) -201.4 -232.4 -317.4
8. Contractual liabilities 207.7 221.7 166.0
9. Net liquid assets (B1-B5) -226.4 -290.9 -333.7
C. Fixed Assets
2. Fixed assets after deducting accumulated depreciation 203.5 185.1 168.0
3. Depreciation for the year 22.7 20.6 18.7
4. Total assets (B4+C2) 229.3 244.0 185.3
D. Operation:
ii. Export sales
4. Overhead and other expenses 205.7 203.6 239.8
5. Operating profit -59.4 -62.8 -45.4
6. Financial expenses
8. Tax provision 0.7 0.7 1.0
9. Total amount of dividend
10. Total value of bonus shares issued
E. Source of increase Capital:
 
3. Finance from outside the company (E1-E2) 47.1 14.1 -55.8
F . Cash flow data:
1. Depreciation for the year plus retention in business:Cash Flow(C2+E2) -37.4 -42.9 -27.7
2. Depreciation for the year plus changes in capital employed (C3+E1) 9.7 -28.8 -83.5
G. Operating Financial & Investment Ratios:-
1. Gearing ratio (A7 as % of A8) 9,570.50 -469.4 -111.1
2.Current ratio (B4 as % of B5) 11.3 20.2 5.2
3.Acid test orQuick ratio (B4-B3 as % of B5) 11.3 20.2 5.2
4.Debt equity ratio (B6 as % of A3) -211.6 -190.7 -158.8
5.Return on assets (D7 as % of C4) -25.9 -25.7 -24.5
6. Self-financing ratio (E2 as % of E1) 462.0 128.5 45.4
7. Cash flow ratio (F1 as % of F2) -384.7 148.8 33.2
8. Shareholders' equity as % of ordinary share capital (A3 as % of A1) -397.1 -519.8 -609.4
9. Overhead and other expenses as % of gross sale (D4 as % of D1) 144.3 151.4 123.4
10. Financial expenses as % of operating profit (D6 as % of D5)
11. Financial expenses as % of gross sales (D6 as % of D1)
12. Financial expenses as % of contractual liabilities (D6 as % of B8)
13. Tax provision as % of net pre-tax profit (D8 as % D7) -1.2 -1.1 -2.1
14. Sundry debtors as % of gross sales 1.8 1.6 0.5
15. Net profit as % of shareholder's equity (D7 as % of A3) 28.9 23.4 14.4
H.Key Performace Indicators :-
2. Dividend ratio to equity (D9 as % of A3)
3.Net Profit Margin (D7 as % of D1) -41.7 -46.7 -23.4
4. Earning per ordinary share Before Tax (D7/No. of ordinary shares) -11.5 -12.1 -8.8
5. Earning per ordinary share After Tax [(D7-D8)/No. of ordinary shares] -11.6 -12.3 -9.0
6. Average annual % depreciation on written down fixed assets 10.0 10.1 10.1
7.Sales as a % of total assets (D1 as % C4) 62.2 55.1 104.9
8.Earning per share before tax growth 45.6 5.2 -27.3
9.Sales Growth -16.1 -5.6 44.5
10. Break-up value of ordinary shares (in Rs) -39.7 -52.0 -60.9
30
A. Capital Structure:
2. Reserves -12.6 -12.5 -10.0 -10.6
3. Shareholders' equity (A1+A2) -3.9 -3.8 -1.3 -1.9
4. Preference shares
8. Total capital employed (A3+A7) -3.9 -3.8 -1.3 -1.9
B. Liquidity:
(i) Cash 0.3 0.4 0.3 0.2
(ii) Investments
3. Inventories
 
6. Total liabilities (A7+B5) 20.6 18.6 14.4 15.4
7. Net current assets (B4-B5) -8.4 -7.1 -4.4 -4.7
8. Contractual liabilities 9.8
C. Fixed Assets
1. Fixed assets at cost 17.9 12.3 12.3 12.3
2. Fixed assets after deducting accumulated depr 4.5 3.3 3.0 2.9
3. Depreciation for the year 0.3 0.2 0.2 0.2
4. Total assets (B4+C2) 16.7 14.8 13.1 13.5
D. Operation:
4. Overhead and other expenses 2.3 2.0 1.2 0.5
5. Operating profit -4.6 0.1 -1.3 -0.5
6. Financial expenses
7. Net profit before tax (D5-D6) -4.6 0.1 -1.3 -0.6
8. Tax provision
10. Total value of bonus shares issued
E. Source of increase Capital:
1. Increase/decrease in capital employed (A8-A8 -4.6 0.1 2.5 -0.6
2. Retention in business (D7-D8-D9) -4.6 0.1 -1.3 -0.6
3. Finance from outside the company (E1-E2) 3.8
F . Cash flow data:
1. Depreciation for the year plus retention in bus -4.3 0.3 -1.1 -0.4
2. Depreciation for the year plus changes in capit -4.3 0.3 2.7 -0.4
G. Operating Financial & Investment Ratios:-
1. Gearing ratio (A7 as % of A8)
2.Current ratio (B4 as % of B5) 59.3 62.0 69.7 69.3
3.Acid test orQuick ratio (B4-B3 as % of B5) 59.3 62.0 69.7 69.3
4.Debt equity ratio (B6 as % of A3) -524.7 -486.2 -1,083.50 -815.9
5.Return on assets (D7 as % of C4) -27.5 0.6 -9.6 -4.1
6. Self-financing ratio (E2 as % of E1) 100.0 100.0 -50.4 98.2
7. Cash flow ratio (F1 as % of F2) 100.0 100.0 -38.8 97.3
8. Shareholders' equity as % of ordinary share c -45.0 -44.0 -15.3 -21.7
9. Overhead and other expenses as % of gross sale (D4 as % of D1)
10. Financial expenses as % of operating profit (D6 as % of D5) -1.8
11. Financial expenses as % of gross sales (D6 as % of D1)
12. Financial expenses as % of contractual liabilities (D6 as % of B8) 0.1
13. Tax provision as % of net pre-tax profit (D8 as % D7)
14. Sundry debtors as % of gross sales
15. Net profit as % of shareholder's equity (D7 a 116.9 -2.4 94.4 29.3
H.Key Performace Indicators :-
2. Dividend ratio to equity (D9 as % of A3)
3.Net Profit Margin (D7 as % of D1)
4. Earning per ordinary share Before Tax (D7/No. of ordinary shares) -2.6 0.1 -1.4
5. Earning per ordinary share After Tax [(D7-D8)/No. of ordinary shares] -2.6 0.1 -1.4
6. Average annual % depreciation on written down fixed assets 3.3 5.2 6.5
7.Sales as a % of total assets (D1 as % C4)
8.Earning per share before tax growth -35.0 -103.9 -1,500.0
9.Sales Growth -100.0
10. Break-up value of ordinary shares (in Rs) -2.3 -2.2 -1.5
31
2. Reserves 54.9 56.1 161.4
3. Shareholders' equity (A1+A2) 137.7 139.0 244.3
4. Preference shares
7. Total fixed liabilities (A4+A5+A6) 74.0 69.7 112.5
8. Total capital employed (A3+A7) 211.7 208.7 356.8
B. Liquidity:
(i) Cash 7.5 257.4 108.4
(ii) Investments 1.4
3. Inventories
5. Current liabilities 398.7 480.6 589.7
6. Total liabilities (A7+B5) 472.7 550.3 702.2
7. Net current assets (B4-B5) -38.7 -22.4 -47.3
8. Contractual liabilities 74.0 69.7 112.5
9. Net liquid assets (B1-B5) -391.2 -223.2 -479.8
C. Fixed Assets
2. Fixed assets after deducting accumulated depreciation 250.3 231.0 404.1
3. Depreciation for the year 26.4 24.1 35.4
4. Total assets (B4+C2) 610.4 689.3 946.5
D. Operation:
ii. Export sales
4. Overhead and other expenses 862.1 744.0 944.2
5. Operating profit 1.5 12.7 116.7
6. Financial expenses
8. Tax provision 4.9 3.8 11.2
9. Total amount of dividend 8.3
10. Total value of bonus shares issued
E. Source of increase Capital:
1. Increase/decrease in capital employed (A8-A8 of preceding year) 36.5 -3.0 148.2
2. Retention in business (D7-D8-D9) -3.4 0.6 105.6
3. Finance from outside the company (E1-E2) 39.9 -3.6 42.6
F . Cash flow data:
1. Depreciation for the year plus retention in business:Cash Flow(C2+E2) 23.0 24.7 141.0
2. Depreciation for the year plus changes in capital employed (C3+E1) 62.9 21.0 183.6
G. Operating Financial & Investment Ratios:-
1. Gearing ratio (A7 as % of A8) 35.0 33.4 31.5
2.Current ratio (B4 as % of B5) 90.3 95.3 92.0
 
4.Debt equity ratio (B6 as % of A3) 343.3 396.0 287.5
5.Return on assets (D7 as % of C4) 0.3 1.8 12.3
6. Self-financing ratio (E2 as % of E1) -9.3 -19.1 71.3
7. Cash flow ratio (F1 as % of F2) 36.5 117.2 76.8
8. Shareholders' equity as % of ordinary share capital (A3 as % of A1) 166.2 167.7 294.9
9. Overhead and other expenses as % of gross sale (D4 as % of D1) 103.5 101.3 90.4
10. Financial expenses as % of operating profit (D6 as % of D5)
11. Financial expenses as % of gross sales (D6 as % of D1)
12. Financial expenses as % of contractual liabilities (D6 as % of B8)
13. Tax provision as % of net pre-tax profit (D8 as % D7) 324.1 30.0 9.6
14. Sundry debtors as % of gross sales 14.4 7.8 26.8
15. Net profit as % of shareholder's equity (D7 as % of A3) 1.1 9.1 47.8
H.Key Performace Indicators :-
2. Dividend ratio to equity (D9 as % of A3) 6.0
3.Net Profit Margin (D7 as % of D1) 0.2 1.7 11.2
4. Earning per ordinary share Before Tax (D7/No. of ordinary shares) 0.2 1.5 14.1
5. Earning per ordinary share After Tax [(D7-D8)/No. of ordinary shares] -0.4 1.1 12.7
6. Average annual % depreciation on written down fixed assets 12.4 9.6 15.3
7.Sales as a % of total assets (D1 as % C4) 136.4 106.6 110.4
8.Earning per share before tax growth -89.5 650.0 840.0
9.Sales Growth -10.1 -11.8 42.2
10. Break-up value of ordinary shares (in Rs) 16.6 16.8 29.5
32
2. Reserves 150.4 167.5 207.3
3. Shareholders' equity (A1+A2) 290.4 307.5 347.3
4. Preference shares
7. Total fixed liabilities (A4+A5+A6) 180.8 163.2 142.7
8. Total capital employed (A3+A7) 471.3 470.7 490.0
B. Liquidity:
(i) Cash 17.0 0.4 7.6
(ii) Investments
3. Inventories
5. Current liabilities 97.1 79.1 94.2
6. Total liabilities (A7+B5) 277.9 242.3 236.9
7. Net current assets (B4-B5) 91.6 121.6 84.1
8. Contractual liabilities 180.8 163.2 142.7
9. Net liquid assets (B1-B5) -80.1 -78.7 -86.6
C. Fixed Assets
2. Fixed assets after deducting accumulated depreciation 379.7 349.2 406.0
3. Depreciation for the year 40.8 37.4 36.3
 
D. Operation:
ii. Export sales
4. Overhead and other expenses 749.3 891.7 844.4
5. Operating profit 48.0 56.4 79.9
6. Financial expenses
8. Tax provision 4.1 14.3 20.5
9. Total amount of dividend 28.0 28.0 28.0
10. Total value of bonus shares issued
E. Source of increase Capital:
1. Increase/decrease in capital employed (A8-A8 of preceding year) 5.8 -0.6 19.3
2. Retention in business (D7-D8-D9) 16.0 14.1 31.4
3. Finance from outside the company (E1-E2) -10.2 -14.7 -12.1
F . Cash flow data:
1. Depreciation for the year plus retention in business:Cash Flow(C2+E2) 56.8 51.5 67.7
2. Depreciation for the year plus changes in capital employed (C3+E1) 46.6 36.9 55.7
G. Operating Financial & Investment Ratios:-
1. Gearing ratio (A7 as % of A8) 38.4 34.7 29.1
2.Current ratio (B4 as % of B5) 194.3 253.7 189.3
3.Acid test orQuick ratio (B4-B3 as % of B5) 194.3 253.7 189.3
4.Debt equity ratio (B6 as % of A3) 95.7 78.8 68.2
5.Return on assets (D7 as % of C4) 8.5 10.3 13.7
6. Self-financing ratio (E2 as % of E1) 277.7 -2,516.10 162.5
7. Cash flow ratio (F1 as % of F2) 121.9 139.8 121.7
8. Shareholders' equity as % of ordinary share capital (A3 as % of A1) 207.5 219.7 248.1
9. Overhead and other expenses as % of gross sale (D4 as % of D1) 95.1 95.1 91.8
10. Financial expenses as % of operating profit (D6 as % of D5)
11. Financial expenses as % of gross sales (D6 as % of D1)
12. Financial expenses as % of contractual liabilities (D6 as % of B8)
13. Tax provision as % of net pre-tax profit (D8 as % D7) 8.5 25.4 25.7
14. Sundry debtors as % of gross sales 10.7 10.0 8.6
15. Net profit as % of shareholder's equity (D7 as % of A3) 16.5 18.3 23.0
H.Key Performace Indicators :-
1. Dividend cover ratio [(D7-D8) as % of D9) 1.6 1.5 2.1
2. Dividend ratio to equity (D9 as % of A3) 9.6 9.1 8.1
3.Net Profit Margin (D7 as % of D1) 6.1 6.0 8.7
4. Earning per ordinary share Before Tax (D7/No. of ordinary shares) 3.4 4.0 5.7
5. Earning per ordinary share After Tax [(D7-D8)/No. of ordinary shares] 3.1 3.0 4.2
6. Average annual % depreciation on written down fixed assets 11.7 9.9 10.4
7.Sales as a % of total assets (D1 as % C4) 138.7 170.5 157.5
8.Earning per share before tax growth -32.0 17.7 42.5
9.Sales Growth 7.4 19.0 -1.8
10. Break-up value of ordinary shares (in Rs) 20.8 22.0 24.8
33
2. Reserves 9.9 7.2 7.7
3. Shareholders' equity (A1+A2) 37.4 34.7 35.3
4. Preference shares
7. Total fixed liabilities (A4+A5+A6) 20.7 15.0 9.1
8. Total capital employed (A3+A7) 58.1 49.7 44.4
B. Liquidity:
(i) Cash 6.5 5.6 4.1
(ii) Investments
3. Inventories
5. Current liabilities 12.7 17.4 19.8
6. Total liabilities (A7+B5) 33.3 32.4 28.9
7. Net current assets (B4-B5) -3.0 -7.7 -9.2
8. Contractual liabilities 20.7 15.0 9.1
9. Net liquid assets (B1-B5) -6.1 -11.8 -15.8
C. Fixed Assets
2. Fixed assets after deducting accumulated depreciation 61.1 57.4 53.6
3. Depreciation for the year 7.0 5.6 5.1
4. Total assets (B4+C2) 70.7 67.1 64.1
D. Operation:
ii. Export sales
4. Overhead and other expenses 45.2 44.9 51.6
5. Operating profit 3.1 4.2 3.5
6. Financial expenses
8. Tax provision 0.2
E. Source of increase Capital:
1. Increase/decrease in capital employed (A8-A8 of preceding year) -7.0 -8.3 -5.4
2. Retention in business (D7-D8-D9) 3.1 -2.7 0.6
3. Finance from outside the company (E1-E2) -10.1 -5.6 -5.9
F . Cash flow data:
1. Depreciation for the year plus retention in business:Cash Flow(C2+E2) 10.1 2.9 5.6
2. Depreciation for the year plus changes in capital employed (C3+E1) -2.7 -0.3
G. Operating Financial & Investment Ratios:-
1. Gearing ratio (A7 as % of A8) 35.6 30.2 20.5
2.Current ratio (B4 as % of B5) 76.3 55.7 53.3
3.Acid test orQuick ratio (B4-B3 as % of B5) 76.3 55.7 53.3
4.Debt equity ratio (B6 as % of A3) 89.2 93.3 82.0
5.Return on assets (D7 as % of C4) 4.4 6.2 5.4
6. Self-financing ratio (E2 as % of E1) -44.7 32.7 -10.2
7. Cash flow ratio (F1 as % of F2) -101,200.0 -104.4 -1,697.0
8. Shareholders' equity as % of ordinary share capital (A3 as % of A1) 135.8 126.1 128.1
9. Overhead and other expenses as % of gross sale (D4 as % of D1) 93.5 92.3 94.5
 
13. Tax provision as % of net pre-tax profit (D8 as % D7) 5.2
14. Sundry debtors as % of gross sales 1.2 3.4 0.5
15. Net profit as % of shareholder's equity (D7 as % of A3) 8.4 12.0 9.9
H.Key Performace Indicators :-
1. Dividend cover ratio [(D7-D8) as % of D9) 0.6 1.2
2. Dividend ratio to equity (D9 as % of A3) 19.8 7.8
3.Net Profit Margin (D7 as % of D1) 6.5 8.6 6.4
4. Earning per ordinary share Before Tax (D7/No. of ordinary shares) 1.1 1.5 1.3
5. Earning per ordinary share After Tax [(D7-D8)/No. of ordinary shares] 1.1 1.5 1.2
6. Average annual % depreciation on written down fixed assets 10.8 9.2 8.8
7.Sales as a % of total assets (D1 as % C4) 68.4 72.5 85.1
8.Earning per share before tax growth -54.2 36.4 -13.3
9.Sales Growth -22.4 0.6 12.3
10. Break-up value of ordinary shares (in Rs) 13.6 12.6 12.8
34
2. Reserves -17.8 8.7 -11.3
3. Shareholders' equity (A1+A2) 52.2 78.7 58.6
4. Preference shares
7. Total fixed liabilities (A4+A5+A6) 28.4 30.0 47.3
8. Total capital employed (A3+A7) 80.7 108.7 105.9
B. Liquidity:
(i) Cash 3.3 5.8 8.5
(ii) Investments 19.6 17.6
3. Inventories
5. Current liabilities 96.0 72.2 95.7
6. Total liabilities (A7+B5) 124.4 102.2 143.0
7. Net current assets (B4-B5) -9.6 -4.2 -8.4
8. Contractual liabilities 28.4 30.0 47.3
9. Net liquid assets (B1-B5) -73.1 -66.4 -69.6
C. Fixed Assets
2. Fixed assets after deducting accumulated depreciation 90.3 112.9 114.4
3. Depreciation for the year 7.5 8.5 4.6
4. Total assets (B4+C2) 176.6 180.9 201.7
D. Operation:
ii. Export sales
4. Overhead and other expenses 202.3 193.2 170.4
5. Operating profit 4.4 3.1 -19.1
 
8. Tax provision 1.3 1.7 1.0
9. Total amount of dividend
10. Total value of bonus shares issued
E. Source of increase Capital:
1. Increase/decrease in capital employed (A8-A8 of preceding year) 30.9 28.0 -2.7
2. Retention in business (D7-D8-D9) 3.1 1.4 -20.1
3. Finance from outside the company (E1-E2) 27.8 26.6 17.4
F . Cash flow data:
1. Depreciation for the year plus retention in business:Cash Flow(C2+E2) 10.6 9.9 -15.6
2. Depreciation for the year plus changes in capital employed (C3+E1) 38.4 36.5 1.8
G. Operating Financial & Investment Ratios:-
1. Gearing ratio (A7 as % of A8) 35.3 27.6 44.6
2.Current ratio (B4 as % of B5) 90.0 94.1 91.2
3.Acid test orQuick ratio (B4-B3 as % of B5) 90.0 94.1 91.2
4.Debt equity ratio (B6 as % of A3) 238.3 129.9 243.9
5.Return on assets (D7 as % of C4) 2.5 1.7 -9.5
6. Self-financing ratio (E2 as % of E1) 9.9 4.9 740.1
7. Cash flow ratio (F1 as % of F2) 27.6 27.1 -846.2
8. Shareholders' equity as % of ordinary share capital (A3 as % of A1) 74.6 112.5 83.8
9. Overhead and other expenses as % of gross sale (D4 as % of D1) 95.9 98.5 112.7
10. Financial expenses as % of operating profit (D6 as % of D5)
11. Financial expenses as % of gross sales (D6 as % of D1)
12. Financial expenses as % of contractual liabilities (D6 as % of B8)
13. Tax provision as % of net pre-tax profit (D8 as % D7) 30.0 55.6 -5.4
14. Sundry debtors as % of gross sales 16.1 1.8 5.5
15. Net profit as % of shareholder's equity (D7 as % of A3) 8.4 3.9 -32.6
H.Key Performace Indicators :-
2. Dividend ratio to equity (D9 as % of A3)
3.Net Profit Margin (D7 as % of D1) 2.1 1.6 -12.6
4. Earning per ordinary share Before Tax (D7/No. of ordinary shares) 0.6 0.4 -2.7
5. Earning per ordinary share After Tax [(D7-D8)/No. of ordinary shares] 0.4 0.2 -2.9
6. Average annual % depreciation on written down fixed assets 13.2 9.5 4.0
7.Sales as a % of total assets (D1 as % C4) 119.5 108.5 75.0
8.Earning per share before tax growth -57.1 -33.3 -775.0
9.Sales Growth 39.0 -7.0 -23.0
10. Break-up value of ordinary shares (in Rs) 7.5 11.3 8.4
35
2. Reserves -168.9 -212.9 -26.7
3. Shareholders' equity (A1+A2) -17.1 -61.1 125.1
4. Preference shares
7. Total fixed liabilities (A4+A5+A6) 327.3 415.6 374.1
8. Total capital employed (A3+A7) 310.2 354.5 499.2
 
(i) Cash 30.9 2.0 12.1
(ii) Investments
3. Inventories
5. Current liabilities 204.0 107.7 130.7
6. Total liabilities (A7+B5) 531.3 523.3 504.8
7. Net current assets (B4-B5) -112.0 -44.7 -63.7
8. Contractual liabilities 327.3 415.6 374.1
9. Net liquid assets (B1-B5) -173.1 -105.7 -118.7
C. Fixed Assets
2. Fixed assets after deducting accumulated depreciation 422.2 399.2 562.8
3. Depreciation for the year 24.6 23.1 21.7
4. Total assets (B4+C2) 514.2 462.2 629.9
D. Operation:
ii. Export sales
4. Overhead and other expenses 499.9 405.4 442.9
5. Operating profit -70.5 -43.0 2.8
6. Financial expenses
8. Tax provision 2.3 1.8 2.2
9. Total amount of dividend
10. Total value of bonus shares issued
E. Source of increase Capital:
1. Increase/decrease in capital employed (A8-A8 of preceding year) 11.8 44.3 144.7
2. Retention in business (D7-D8-D9) -72.7 -44.9 0.6
3. Finance from outside the company (E1-E2) 84.6 89.2 144.0
F . Cash flow data:
1. Depreciation for the year plus retention in business:Cash Flow(C2+E2) -48.2 -21.8 22.3
2. Depreciation for the year plus changes in capital employed (C3+E1) 36.4 67.4 166.4
G. Operating Financial & Investment Ratios:-
1. Gearing ratio (A7 as % of A8) 105.5 117.2 74.9
2.Current ratio (B4 as % of B5) 45.1 58.5 51.3
3.Acid test orQuick ratio (B4-B3 as % of B5) 45.1 58.5 51.3
4.Debt equity ratio (B6 as % of A3) -3,101.80 -856.8 403.6
5.Return on assets (D7 as % of C4) -13.7 -9.3 0.4
6. Self-financing ratio (E2 as % of E1) -615.3 -101.3 0.4
7. Cash flow ratio (F1 as % of F2) -132.3 -32.3 13.4
8. Shareholders' equity as % of ordinary share capital (A3 as % of A1) -11.3 -40.3 82.4
9. Overhead and other expenses as % of gross sale (D4 as % of D1) 109.5 112.0 99.4
10. Financial expenses as % of operating profit (D6 as % of D5)
11. Financial expenses as % of gross sales (D6 as % of D1)
12. Financial expenses as % of contractual liabilities (D6 as % of B8)
13. Tax provision as % of net pre-tax profit (D8 as % D7) -3.2 -4.3 78.2
14. Sundry debtors as % of gross sales 7.5 9.6 3.2
15. Net profit as % of shareholder's equity (D7 as % of A3) 411.4 70.5 2.2
H.Key Performace Indicators :-
2. Dividend ratio to equity (D9 as % of A3)
3.Net Profit Margin (D7 as % of D1) -15.4 -11.9 0.6
4. Earning per ordinary share Before Tax (D7/No. of ordinary shares) -4.6 -2.8 0.2
 
6. Average annual % depreciation on written down fixed assets 4.8 5.5 5.4
7.Sales as a % of total assets (D1 as % C4) 88.8 78.3 70.7
8.Earning per share before tax growth -31.3 -39.1 -107.1
9.Sales Growth 0.3 -20.7 23.1
10. Break-up value of ordinary shares (in Rs) -1.1 -4.0 8.2
36
2. Reserves 95.8 106.9 189.6
3. Shareholders' equity (A1+A2) 109.8 120.9 203.6
4. Preference shares
6. Other fixed liabilities 109.5 51.1 49.9
7. Total fixed liabilities (A4+A5+A6) 110.2 51.7 50.3
8. Total capital employed (A3+A7) 220.0 172.5 253.9
B. Liquidity:
(i) Cash 4.0 7.5 12.9
(ii) Investments 3.5 3.5 3.5
2. Other current assets 193.2 396.5 208.1
3. Inventories
5. Current liabilities 291.2 521.0 262.3
6. Total liabilities (A7+B5) 401.5 572.7 312.6
7. Net current assets (B4-B5) -90.5 -113.6 -37.9
8. Contractual liabilities 110.2 51.7 50.3
9. Net liquid assets (B1-B5) -283.7 -510.1 -245.9
C. Fixed Assets
2. Fixed assets after deducting accumulated depreciation 310.5 286.1 291.8
3. Depreciation for the year 28.4 26.8 27.7
4. Total assets (B4+C2) 511.2 693.6 516.3
D. Operation:
ii. Export sales
4. Overhead and other expenses 1,309.60 1,319.0 1,099.70
5. Operating profit -38.7 26.2 133.9
6. Financial expenses
8. Tax provision 6.3 6.7 20.0
9. Total amount of dividend 8.4 47.6
10. Total value of bonus shares issued
E. Source of increase Capital:
1. Increase/decrease in capital employed (A8-A8 of preceding year) -51.1 -47.5 81.4
2. Retention in business (D7-D8-D9) -45.0 11.0 66.3
 
F . Cash flow data:
1. Depreciation for the year plus retention in business:Cash Flow(C2+E2) -16.6 37.8 94.0
2. Depreciation for the year plus changes in capital employed (C3+E1) -22.7 -20.7 109.1
G. Operating Financial & Investment Ratios:-
1. Gearing ratio (A7 as % of A8) 50.1 29.9 19.8
2.Current ratio (B4 as % of B5) 68.9 78.2 85.6
3.Acid test orQuick ratio (B4-B3 as % of B5) 68.9 78.2 85.6
4.Debt equity ratio (B6 as % of A3) 365.7 473.8 153.5
5.Return on assets (D7 as % of C4) -7.6 3.8 25.9
6. Self-financing ratio (E2 as % of E1) 88.0 -23.2 81.5
7. Cash flow ratio (F1 as % of F2) 73.0 -182.9 86.2
8. Shareholders' equity as % of ordinary share capital (A3 as % of A1) 784.1 863.4 1,454.50
9. Overhead and other expenses as % of gross sale (D4 as % of D1) 103.3 98.1 89.2
10. Financial expenses as % of operating profit (D6 as % of D5)
11. Financial expenses as % of gross sales (D6 as % of D1)
12. Financial expenses as % of contractual liabilities (D6 as % of B8)
13. Tax provision as % of net pre-tax profit (D8 as % D7) -16.2 25.7 14.9
14. Sundry debtors as % of gross sales 5.5 19.1 5.4
15. Net profit as % of shareholder's equity (D7 as % of A3) -35.3 21.6 65.8
H.Key Performace Indicators :-
1. Dividend cover ratio [(D7-D8) as % of D9) 2.3 2.4
2. Dividend ratio to equity (D9 as % of A3) 7.0 23.4
3.Net Profit Margin (D7 as % of D1) -3.1 2.0 10.9
4. Earning per ordinary share Before Tax (D7/No. of ordinary shares) -27.7 18.7 95.7
5. Earning per ordinary share After Tax [(D7-D8)/No. of ordinary shares] -32.1 13.9 81.4
6. Average annual % depreciation on written down fixed assets 8.9 8.9 9.7
7.Sales as a % of total assets (D1 as % C4) 248.0 193.8 238.8
8.Earning per share before tax growth -258.3 -167.5 411.8
9.Sales Growth 2.5 6.0 -8.3
10. Break-up value of ordinary shares (in Rs) 78.4 86.3 145.5
37
2. Reserves -172.5 116.6 141.7
3. Shareholders' equity (A1+A2) -39.8 249.4 274.5
4. Preference shares
7. Total fixed liabilities (A4+A5+A6) 181.3 166.0 153.6
8. Total capital employed (A3+A7) 141.5 415.3 428.1
B. Liquidity:
(i) Cash 0.8 2.0 1.5
(ii) Investments
3. Inventories
5. Current liabilities 223.4 365.7 274.5
6. Total liabilities (A7+B5) 404.7 531.7 428.1
 
8. Contractual liabilities 181.3 166.0 153.6
9. Net liquid assets (B1-B5) -222.5 -363.7 -273.0
C. Fixed Assets
2. Fixed assets after deducting accumulated depreciation 209.4 520.3 486.8
3. Depreciation for the year 12.9 12.2 28.3
4. Total assets (B4+C2) 364.9 781.1 702.6
D. Operation:
ii. Export sales
4. Overhead and other expenses 584.8 667.3 690.0
5. Operating profit -21.7 -27.0 36.0
6. Financial expenses
8. Tax provision 2.6 3.2 2.9
9. Total amount of dividend 3.2
10. Total value of bonus shares issued
E. Source of increase Capital:
1. Increase/decrease in capital employed (A8-A8 of preceding year) 28.6 273.8 12.8
2. Retention in business (D7-D8-D9) -24.3 -30.2 29.9
3. Finance from outside the company (E1-E2) 52.9 304.0 -17.1
F . Cash flow data:
1. Depreciation for the year plus retention in business:Cash Flow(C2+E2) -11.4 -18.0 58.1
2. Depreciation for the year plus changes in capital employed (C3+E1) 41.5 286.0 41.0
G. Operating Financial & Investment Ratios:-
1. Gearing ratio (A7 as % of A8) 128.1 40.0 35.9
2.Current ratio (B4 as % of B5) 69.6 71.3 78.6
3.Acid test orQuick ratio (B4-B3 as % of B5) 69.6 71.3 78.6
4.Debt equity ratio (B6 as % of A3) -1,017.0 213.2 156.0
5.Return on assets (D7 as % of C4) -6.0 -3.5 5.1
6. Self-financing ratio (E2 as % of E1) -84.9 -11.0 234.2
7. Cash flow ratio (F1 as % of F2) -27.5 -6.3 141.7
8. Shareholders' equity as % of ordinary share capital (A3 as % of A1) -30.0 187.9 206.7
9. Overhead and other expenses as % of gross sale (D4 as % of D1) 104.5 104.8 96.7
10. Financial expenses as % of operating profit (D6 as % of D5)
11. Financial expenses as % of gross sales (D6 as % of D1)
12. Financial expenses as % of contractual liabilities (D6 as % of B8)
13. Tax provision as % of net pre-tax profit (D8 as % D7) -11.8 -11.8 8.1
14. Sundry debtors as % of gross sales 4.8 3.9 4.4
15. Net profit as % of shareholder's equity (D7 as % of A3) 54.6 -10.8 13.1
H.Key Performace Indicators :-
2. Dividend ratio to equity (D9 as % of A3) 1.2
3.Net Profit Margin (D7 as % of D1) -3.9 -4.3 5.0
4. Earning per ordinary share Before Tax (D7/No. of ordinary shares) -1.6 -2.0 2.7
5. Earning per ordinary share After Tax [(D7-D8)/No. of ordinary shares] -1.8 -2.3 2.5
6. Average annual % depreciation on written down fixed assets 5.9 5.8 5.4
7.Sales as a % of total assets (D1 as % C4) 153.4 81.5 101.6
8.Earning per share before tax growth 77.8 25.0 -235.0
9.Sales Growth -12.5 13.8 12.1
10. Break-up value of ordinary shares (in Rs) -3.0 18.8 20.7
38
A. Capital Structure:
2. Reserves 43.5 50.9 82.2 120.3
3. Shareholders' equity (A1+A2) 63.5 70.9 102.2 140.3
4. Preference shares
8. Total capital employed (A3+A7) 63.5 70.9 102.2
B. Liquidity:
(i) Cash 0.8 1.5 1.1
(ii) Investments 4.0 2.5 4.0
2. Other current assets 75.9 58.3 79.0
3. Inventories
5. Current liabilities 112.7 82.3 98.8
6. Total liabilities (A7+B5) 112.7 82.3 98.8
7. Net current assets (B4-B5) -32.0 -20.0 -14.7
8. Contractual liabilities
C. Fixed Assets
2. Fixed assets after deducting accumulated depreciation 95.5 90.9 116.9
3. Depreciation for the year 6.2 5.7 8.7
4. Total assets (B4+C2) 176.2 153.2 201.0
D. Operation:
ii. Export sales
4. Overhead and other expenses 258.3 248.1 312.1
5. Operating profit 17.1 13.1 58.1
6. Financial expenses
8. Tax provision 1.3 4.0 18.3
9. Total amount of dividend 3.0 16.0
10. Total value of bonus shares issued
E. Source of increase Capital:
1. Increase/decrease in capital employed (A8-A8 of preceding year) 31.2 7.3 31.3
2. Retention in business (D7-D8-D9) 15.7 6.2 23.8
3. Finance from outside the company (E1-E2) 15.5 1.2 7.5
F . Cash flow data:
1. Depreciation for the year plus retention in business:Cash Flow(C2+E2) 21.9 11.8 32.5
2. Depreciation for the year plus changes in capital employed (C3+E1) 37.5 13.0 40.0
G. Operating Financial & Investment Ratios:-
1. Gearing ratio (A7 as % of A8)
2.Current ratio (B4 as % of B5) 71.6 75.7 85.1
3.Acid test orQuick ratio (B4-B3 as % of B5) 71.6 75.7 85.1
 
6. Self-financing ratio (E2 as % of E1) 50.3 84.1 76.0
7. Cash flow ratio (F1 as % of F2) 58.6 91.0 81.2
8. Shareholders' equity as % of ordinary share capital (A3 as % of A1) 317.7 354.4 510.8
9. Overhead and other expenses as % of gross sale (D4 as % of D1) 99.9 95.0 84.6
10. Financial expenses as % of operating profit (D6 as % of D5)
11. Financial expenses as % of gross sales (D6 as % of D1)
12. Financial expenses as % of contractual liabilities (D6 as % of B8)
13. Tax provision as % of net pre-tax profit (D8 as % D7) 7.9 30.1 31.5
14. Sundry debtors as % of gross sales 1.6 0.5
15. Net profit as % of shareholder's equity (D7 as % of A3) 26.9 18.5 56.8
H.Key Performace Indicators :-
1. Dividend cover ratio [(D7-D8) as % of D9) 3.1 2.5
2. Dividend ratio to equity (D9 as % of A3) 4.2 15.7
3.Net Profit Margin (D7 as % of D1) 6.6 5.0 15.7
4. Earning per ordinary share Before Tax (D7/No. of ordinary shares) 8.5 6.6 29.0
5. Earning per ordinary share After Tax [(D7-D8)/No. of ordinary shares] 7.9 4.6 19.9
6. Average annual % depreciation on written down fixed assets 9.6 5.9 9.6
7.Sales as a % of total assets (D1 as % C4) 146.7 170.5 183.6
8.Earning per share before tax growth 21.4 -22.4 339.4
9.Sales Growth -11.8 1.0 41.2
10. Break-up value of ordinary shares (in Rs) 31.8 35.4 51.1
39
2. Reserves -103.4 -115.1 -28.5
3. Shareholders' equity (A1+A2) -12.4 -24.1 62.5
4. Preference shares
6. Other fixed liabilities 80.5 30.1 30.2
7. Total fixed liabilities (A4+A5+A6) 209.0 243.2 149.9
8. Total capital employed (A3+A7) 196.7 219.1 212.4
B. Liquidity:
(i) Cash 7.8 6.0 12.2
(ii) Investments
3. Inventories
5. Current liabilities 78.4 81.0 58.7
6. Total liabilities (A7+B5) 287.5 324.1 208.6
7. Net current assets (B4-B5) 3.2 36.9 39.5
8. Contractual liabilities 209.0 243.2 149.9
9. Net liquid assets (B1-B5) -70.6 -75.0 -46.6
C. Fixed Assets
2. Fixed assets after deducting accumulated depreciation 193.5 182.2 172.8
3. Depreciation for the year 12.5 13.0 12.4
4. Total assets (B4+C2) 275.1 300.1 271.1
D. Operation:
ii. Export sales
4. Overhead and other expenses 437.7 443.0 422.8
5. Operating profit -27.8 -9.7 11.2
6. Financial expenses
8. Tax provision 2.1 2.2 2.2
9. Total amount of dividend
10. Total value of bonus shares issued
E. Source of increase Capital:
1. Increase/decrease in capital employed (A8-A8 of preceding year) -7.0 22.5 -6.8
2. Retention in business (D7-D8-D9) -29.9 -11.8 9.0
3. Finance from outside the company (E1-E2) 22.9 34.3 -15.8
F . Cash flow data:
1. Depreciation for the year plus retention in business:Cash Flow(C2+E2) -17.4 1.2 21.4
2. Depreciation for the year plus changes in capital employed (C3+E1) 5.5 35.5 5.6
G. Operating Financial & Investment Ratios:-
1. Gearing ratio (A7 as % of A8) 106.3 111.0 70.6
2.Current ratio (B4 as % of B5) 104.1 145.5 167.3
3.Acid test orQuick ratio (B4-B3 as % of B5) 104.1 145.5 167.3
4.Debt equity ratio (B6 as % of A3) -2,320.20 -1,347.60 334.0
5.Return on assets (D7 as % of C4) -10.1 -3.2 4.1
6. Self-financing ratio (E2 as % of E1) 430.1 -52.7 -133.3
7. Cash flow ratio (F1 as % of F2) -314.1 3.4 380.8
8. Shareholders' equity as % of ordinary share capital (A3 as % of A1) -13.6 -26.4 68.6
9. Overhead and other expenses as % of gross sale (D4 as % of D1) 106.8 102.3 97.4
10. Financial expenses as % of operating profit (D6 as % of D5)
11. Financial expenses as % of gross sales (D6 as % of D1)
12. Financial expenses as % of contractual liabilities (D6 as % of B8)
13. Tax provision as % of net pre-tax profit (D8 as % D7) -7.4 -22.3 19.4
14. Sundry debtors as % of gross sales 7.3 6.7 6.0
15. Net profit as % of shareholder's equity (D7 as % of A3) 224.7 40.2 17.9
H.Key Performace Indicators :-
2. Dividend ratio to equity (D9 as % of A3)
3.Net Profit Margin (D7 as % of D1) -6.8 -2.2 2.6
4. Earning per ordinary share Before Tax (D7/No. of ordinary shares) -3.1 -1.1 1.2
5. Earning per ordinary share After Tax [(D7-D8)/No. of ordinary shares] -3.3 -1.3 1.0
6. Average annual % depreciation on written down fixed assets 6.3 7.6 6.8
7.Sales as a % of total assets (D1 as % C4) 149.0 144.3 160.1
8.Earning per share before tax growth 63.2 -64.5 -209.1
9.Sales Growth 5.0 5.6 0.2
10. Break-up value of ordinary shares (in Rs) -1.4 -2.6 6.9
40
 
3. Shareholders' equity (A1+A2) 233.0 252.6 369.3
4. Preference shares
6. Other fixed liabilities 41.7 80.9 50.8
7. Total fixed liabilities (A4+A5+A6) 64.2 98.4 60.9
8. Total capital employed (A3+A7) 297.2 351.0 430.2
B. Liquidity:
(i) Cash 6.4 90.2 43.8
(ii) Investments 11.4 3.0 2.6
2. Other current assets 455.1 508.7 484.1
3. Inventories
5. Current liabilities 471.0 581.7 442.1
6. Total liabilities (A7+B5) 535.2 680.1 503.0
7. Net current assets (B4-B5) 1.9 20.2 88.4
8. Contractual liabilities 64.2 98.4 60.9
9. Net liquid assets (B1-B5) -453.2 -488.5 -395.8
C. Fixed Assets
2. Fixed assets after deducting accumulated depreciation 295.4 330.8 341.8
3. Depreciation for the year 32.5 36.4 37.0
4. Total assets (B4+C2) 768.2 932.7 872.3
D. Operation:
ii. Export sales
4. Overhead and other expenses 1,130.0 1,162.20 1,119.60
5. Operating profit 46.6 64.7 224.1
6. Financial expenses
8. Tax provision 10.4 14.5 45.2
9. Total amount of dividend 6.0 32.6 75.0
10. Total value of bonus shares issued
E. Source of increase Capital:
1. Increase/decrease in capital employed (A8-A8 of preceding year) 31.8 53.8 79.2
2. Retention in business (D7-D8-D9) 30.3 17.7 103.9
3. Finance from outside the company (E1-E2) 1.6 36.0 -24.7
F . Cash flow data:
1. Depreciation for the year plus retention in business:Cash Flow(C2+E2) 62.8 54.1 141.0
2. Depreciation for the year plus changes in capital employed (C3+E1) 64.4 90.2 116.2
G. Operating Financial & Investment Ratios:-
1. Gearing ratio (A7 as % of A8) 21.6 28.0 14.2
2.Current ratio (B4 as % of B5) 100.4 103.5 120.0
3.Acid test orQuick ratio (B4-B3 as % of B5) 100.4 103.5 120.0
4.Debt equity ratio (B6 as % of A3) 229.7 269.3 136.2
5.Return on assets (D7 as % of C4) 6.1 6.9 25.7
6. Self-financing ratio (E2 as % of E1) 95.1 33.0 131.2
7. Cash flow ratio (F1 as % of F2) 97.6 60.0 121.3
8. Shareholders' equity as % of ordinary share capital (A3 as % of A1) 776.8 841.9 1,230.90
9. Overhead and other expenses as % of gross sale (D4 as % of D1) 96.1 94.8 83.4
10. Financial expenses as % of operating profit (D6 as % of D5)
11. Financial expenses as % of gross sales (D6 as % of D1)
12. Financial expenses as % of contractual liabilities (D6 as % of B8)
13. Tax provision as % of net pre-tax profit (D8 as % D7) 22.2 22.4 20.2
 
15. Net profit as % of shareholder's equity (D7 as % of A3) 20.0 25.6 60.7
H.Key Performace Indicators :-
1. Dividend cover ratio [(D7-D8) as % of D9) 6.0 1.5 2.4
2. Dividend ratio to equity (D9 as % of A3) 2.6 12.9 20.3
3.Net Profit Margin (D7 as % of D1) 4.0 5.3 16.7
4. Earning per ordinary share Before Tax (D7/No. of ordinary shares) 15.5 21.6 74.7
5. Earning per ordinary share After Tax [(D7-D8)/No. of ordinary shares] 12.1 16.8 59.6
6. Average annual % depreciation on written down fixed assets 10.8 12.3 11.2
7.Sales as a % of total assets (D1 as % C4) 153.1 131.5 154.0
8.Earning per share before tax growth 5.4 39.4 245.8
9.Sales Growth 6.2 4.3 9.5
10. Break-up value of ordinary shares (in Rs) 77.7 84.2 123.1
41
2. Reserves -188.9 -163.2 -142.2
3. Shareholders' equity (A1+A2) -88.9 -22.2 -1.2
4. Preference shares
7. Total fixed liabilities (A4+A5+A6) 129.7 112.7 86.5
8. Total capital employed (A3+A7) 40.8 90.5 85.3
B. Liquidity:
(i) Cash 1.7 0.8 4.7
(ii) Investments
3. Inventories
5. Current liabilities 200.7 143.5 127.7
6. Total liabilities (A7+B5) 330.4 256.3 214.2
7. Net current assets (B4-B5) -163.6 -96.5 -88.4
8. Contractual liabilities 129.7 112.7 86.5
9. Net liquid assets (B1-B5) -199.0 -142.7 -123.0
C. Fixed Assets
2. Fixed assets after deducting accumulated depreciation 204.4 187.0 173.7
3. Depreciation for the year 21.8 19.9 18.7
4. Total assets (B4+C2) 241.5 234.0 213.0
D. Operation:
ii. Export sales
4. Overhead and other expenses 381.8 375.4 385.3
5. Operating profit -26.0 -13.8 23.1
6. Financial expenses
 
9. Total amount of dividend
10. Total value of bonus shares issued
E. Source of increase Capital:
1. Increase/decrease in capital employed (A8-A8 of preceding year) -72.6 49.7 -5.2
2. Retention in business (D7-D8-D9) -27.8 -15.6 21.1
3. Finance from outside the company (E1-E2) -44.8 65.3 -26.3
F . Cash flow data:
1. Depreciation for the year plus retention in business:Cash Flow(C2+E2) -6.0 4.2 39.8
2. Depreciation for the year plus changes in capital employed (C3+E1) -50.8 69.6 13.5
G. Operating Financial & Investment Ratios:-
1. Gearing ratio (A7 as % of A8) 317.8 124.6 101.4
2.Current ratio (B4 as % of B5) 18.5 32.8 30.8
3.Acid test orQuick ratio (B4-B3 as % of B5) 18.5 32.8 30.8
4.Debt equity ratio (B6 as % of A3) -371.7 -1,152.70 -18,304.0
5.Return on assets (D7 as % of C4) -10.8 -5.9 10.8
6. Self-financing ratio (E2 as % of E1) 38.3 -31.5 -404.8
7. Cash flow ratio (F1 as % of F2) 11.8 6.1 293.9
8. Shareholders' equity as % of ordinary share capital (A3 as % of A1) -88.9 -15.8 -0.8
9. Overhead and other expenses as % of gross sale (D4 as % of D1) 107.4 103.9 94.5
10. Financial expenses as % of operating profit (D6 as % of D5)
11. Financial expenses as % of gross sales (D6 as % of D1)
12. Financial expenses as % of contractual liabilities (D6 as % of B8)
13. Tax provision as % of net pre-tax profit (D8 as % D7) -6.7 -13.1 8.8
14. Sundry debtors as % of gross sales 1.0 1.6 0.2
15. Net profit as % of shareholder's equity (D7 as % of A3) 29.3 62.2 -1,972.20
H.Key Performace Indicators :-
2. Dividend ratio to equity (D9 as % of A3)
3.Net Profit Margin (D7 as % of D1) -7.3 -3.8 5.7
4. Earning per ordinary share Before Tax (D7/No. of ordinary shares) -2.6 -1.0 1.6
5. Earning per ordinary share After Tax [(D7-D8)/No. of ordinary shares] -2.8 -1.1 1.5
6. Average annual % depreciation on written down fixed assets 9.8 9.7 10.0
7.Sales as a % of total assets (D1 as % C4) 147.2 154.4 191.4
8.Earning per share before tax growth 73.3 -61.5 -260.0
9.Sales Growth -5.2 1.6 12.9
10. Break-up value of ordinary shares (in Rs) -8.9 -1.6 -0.1
42
2. Reserves 62.6 88.0 159.4
3. Shareholders' equity (A1+A2) 126.9 152.3 223.8
4. Preference shares
6. Other fixed liabilities 17.3 9.5 15.6
7. Total fixed liabilities (A4+A5+A6) 25.6 17.9 23.9
8. Total capital employed (A3+A7) 152.6 170.2 247.7
B. Liquidity:
 
(ii) Investments
3. Inventories
5. Current liabilities 241.4 304.4 229.8
6. Total liabilities (A7+B5) 267.0 322.3 253.7
7. Net current assets (B4-B5) -27.3 -5.3 44.4
8. Contractual liabilities 25.6 17.9 23.9
9. Net liquid assets (B1-B5) -240.2 -301.2 -223.0
C. Fixed Assets
2. Fixed assets after deducting accumulated depreciation 179.9 175.5 203.2
3. Depreciation for the year 19.4 18.9 22.2
4. Total assets (B4+C2) 393.9 474.6 477.4
D. Operation:
ii. Export sales
4. Overhead and other expenses 664.1 662.9 589.3
5. Operating profit 37.9 49.4 122.7
6. Financial expenses
8. Tax provision 5.9 5.8 8.2
9. Total amount of dividend 12.9 18.7 47.0
10. Total value of bonus shares issued
E. Source of increase Capital:
1. Increase/decrease in capital employed (A8-A8 of preceding year) -0.2 17.6 77.5
2. Retention in business (D7-D8-D9) 19.1 24.9 67.6
3. Finance from outside the company (E1-E2) -19.3 -7.3 9.9
F . Cash flow data:
1. Depreciation for the year plus retention in business:Cash Flow(C2+E2) 38.5 43.8 89.7
2. Depreciation for the year plus changes in capital employed (C3+E1) 19.2 36.5 99.7
G. Operating Financial & Investment Ratios:-
1. Gearing ratio (A7 as % of A8) 16.8 10.5 9.7
2.Current ratio (B4 as % of B5) 88.7 98.3 119.3
3.Acid test orQuick ratio (B4-B3 as % of B5) 88.7 98.3 119.3
4.Debt equity ratio (B6 as % of A3) 210.4 211.6 113.4
5.Return on assets (D7 as % of C4) 9.6 10.4 25.7
6. Self-financing ratio (E2 as % of E1) -10,042.0 141.7 87.2
7. Cash flow ratio (F1 as % of F2) 200.3 120.1 90.0
8. Shareholders' equity as % of ordinary share capital (A3 as % of A1) 197.3 236.8 347.9
9. Overhead and other expenses as % of gross sale (D4 as % of D1) 94.6 93.1 82.8
10. Financial expenses as % of operating profit (D6 as % of D5)
11. Financial expenses as % of gross sales (D6 as % of D1)
12. Financial expenses as % of contractual liabilities (D6 as % of B8)
13. Tax provision as % of net pre-tax profit (D8 as % D7) 15.6 11.8 6.7
14. Sundry debtors as % of gross sales 18.3 25.5 18.6
15. Net profit as % of shareholder's equity (D7 as % of A3) 29.8 32.4 54.8
H.Key Performace Indicators :-
1. Dividend cover ratio [(D7-D8) as % of D9) 2.5 2.3 2.4
2. Dividend ratio to equity (D9 as % of A3) 10.1 12.3 21.0
3.Net Profit Margin (D7 as % of D1) 5.4 6.9 17.2
4. Earning per ordinary share Before Tax (D7/No. of ordinary shares) 5.9 7.7 19.1
5. Earning per ordinary share After Tax [(D7-D8)/No. of ordinary shares] 5.0 6.8 17.8
 
9.Sales Growth 7.8 1.5
10. Break-up value of ordinary shares (in Rs) 19.7 23.7 34.8
43
2. Reserves 40.5 22.5 138.7
3. Shareholders' equity (A1+A2) 138.5 120.5 236.8
4. Preference shares
7. Total fixed liabilities (A4+A5+A6) 19.6 45.7 29.7
8. Total capital employed (A3+A7) 158.1 166.2 266.4
B. Liquidity:
(i) Cash 1.6 2.4 4.9
(ii) Investments
3. Inventories
5. Current liabilities 200.8 209.6 202.9
6. Total liabilities (A7+B5) 220.4 255.2 232.6
7. Net current assets (B4-B5) 66.2 77.0 83.4
8. Contractual liabilities 19.6 45.7 29.7
9. Net liquid assets (B1-B5) -199.2 -207.2 -198.1
C. Fixed Assets
2. Fixed assets after deducting accumulated depreciation 91.9 89.2 183.1
3. Depreciation for the year 10.2 7.7 9.7
4. Total assets (B4+C2) 358.9 375.7 469.4
D. Operation:
ii. Export sales
4. Overhead and other expenses 482.2 471.7 466.8
5. Operating profit 5.5 14.7 51.8
6. Financial expenses
8. Tax provision 2.5 2.4 20.0
9. Total amount of dividend 4.9 12.7
10. Total value of bonus shares issued 8.9
E. Source of increase Capital:
1. Increase/decrease in capital employed (A8-A8 of preceding year) 23.6 8.1 100.3
2. Retention in business (D7-D8-D9) 3.1 7.4 19.0
3. Finance from outside the company (E1-E2) 20.5 0.7 81.3
F . Cash flow data:
 
2. Depreciation for the year plus changes in capital employed (C3+E1) 33.8 15.8 109.9
G. Operating Financial & Investment Ratios:-
1. Gearing ratio (A7 as % of A8) 12.4 27.5 11.1
2.Current ratio (B4 as % of B5) 133.0 136.8 141.1
3.Acid test orQuick ratio (B4-B3 as % of B5) 133.0 136.8 141.1
4.Debt equity ratio (B6 as % of A3) 159.2 211.8 98.3
5.Return on assets (D7 as % of C4) 1.5 3.9 11.0
6. Self-financing ratio (E2 as % of E1) 13.1 91.2 19.0
7. Cash flow ratio (F1 as % of F2) 39.2 95.5 26.1
8. Shareholders' equity as % of ordinary share capital (A3 as % of A1) 141.3 122.9 241.6
9. Overhead and other expenses as % of gross sale (D4 as % of D1) 99.0 97.1 90.2
10. Financial expenses as % of operating profit (D6 as % of D5)
11. Financial expenses as % of gross sales (D6 as % of D1)
12. Financial expenses as % of contractual liabilities (D6 as % of B8)
13. Tax provision as % of net pre-tax profit (D8 as % D7) 44.4 16.6 38.6
14. Sundry debtors as % of gross sales 0.6 0.9 1.1
15. Net profit as % of shareholder's equity (D7 as % of A3) 4.0 12.2 21.9
H.Key Performace Indicators :-
1. Dividend cover ratio [(D7-D8) as % of D9) 2.5 2.5
2. Dividend ratio to equity (D9 as % of A3) 4.1 5.4
3.Net Profit Margin (D7 as % of D1) 1.1 3.0 10.0
4. Earning per ordinary share Before Tax (D7/No. of ordinary shares) 0.6 1.5 5.3
5. Earning per ordinary share After Tax [(D7-D8)/No. of ordinary shares] 0.3 1.3 3.2
6. Average annual % depreciation on written down fixed assets 10.5 8.4 10.8
7.Sales as a % of total assets (D1 as % C4) 135.7 129.3 110.3
8.Earning per share before tax growth -50.0 150.0 253.3
9.Sales Growth 2.8 -0.2 6.6
10. Break-up value of ordinary shares (in Rs) 14.1 12.3 24.2
44
2. Reserves -57.8 -136.6 -165.1
3. Shareholders' equity (A1+A2) 42.2 -36.6 -65.1
4. Preference shares
7. Total fixed liabilities (A4+A5+A6) 81.6 78.7 77.4
8. Total capital employed (A3+A7) 123.8 42.1 12.3
B. Liquidity:
(i) Cash 1.2 1.0
3. Inventories
5. Current liabilities 99.1 111.7 137.4
6. Total liabilities (A7+B5) 180.7 190.4 214.8
7. Net current assets (B4-B5) -8.6 -79.0 -98.5
8. Contractual liabilities 81.6 78.7 77.4
 
C. Fixed Assets
2. Fixed assets after deducting accumulated depreciation 132.4 121.1 110.8
3. Depreciation for the year 11.0 10.9 9.8
4. Total assets (B4+C2) 222.8 153.8 149.7
D. Operation:
ii. Export sales
4. Overhead and other expenses 114.5 95.6 66.4
5. Operating profit -37.4 -57.0 -29.6
6. Financial expenses
8. Tax provision 0.7 0.1 0.4
9. Total amount of dividend
10. Total value of bonus shares issued
E. Source of increase Capital:
1. Increase/decrease in capital employed (A8-A8 of preceding year) -13.7 -81.7 -29.8
2. Retention in business (D7-D8-D9) -38.1 -57.1 -29.9
3. Finance from outside the company (E1-E2) 24.4 -24.6 0.1
F . Cash flow data:
1. Depreciation for the year plus retention in business:Cash Flow(C2+E2) -27.2 -46.2 -20.2
2. Depreciation for the year plus changes in capital employed (C3+E1) -2.8 -70.8 -20.0
G. Operating Financial & Investment Ratios:-
1. Gearing ratio (A7 as % of A8) 65.9 186.8 628.9
2.Current ratio (B4 as % of B5) 91.3 29.3 28.4
3.Acid test orQuick ratio (B4-B3 as % of B5) 91.3 29.3 28.4
4.Debt equity ratio (B6 as % of A3) 428.4 -520.8 -330.2
5.Return on assets (D7 as % of C4) -16.8 -37.1 -19.8
6. Self-financing ratio (E2 as % of E1) 278.2 69.9 100.4
7. Cash flow ratio (F1 as % of F2) 987.6 65.3 100.7
8. Shareholders' equity as % of ordinary share capital (A3 as % of A1) 42.2 -36.6 -65.1
9. Overhead and other expenses as % of gross sale (D4 as % of D1) 148.5 247.8 180.3
10. Financial expenses as % of operating profit (D6 as % of D5)
11. Financial expenses as % of gross sales (D6 as % of D1)
12. Financial expenses as % of contractual liabilities (D6 as % of B8)
13. Tax provision as % of net pre-tax profit (D8 as % D7) -1.9 -0.2 -1.3
14. Sundry debtors as % of gross sales 30.6 32.4 49.9
15. Net profit as % of shareholder's equity (D7 as % of A3) -88.7 156.0 45.5
H.Key Performace Indicators :-
2. Dividend ratio to equity (D9 as % of A3)
3.Net Profit Margin (D7 as % of D1) -48.5 -147.8 -80.3
4. Earning per ordinary share Before Tax (D7/No. of ordinary shares) -3.7 -5.7 -3.0
5. Earning per ordinary share After Tax [(D7-D8)/No. of ordinary shares] -3.8 -5.7 -3.0
6. Average annual % depreciation on written down fixed assets 8.0 8.2 8.1
7.Sales as a % of total assets (D1 as % C4) 34.6 25.1 24.6
8.Earning per share before tax growth 428.6 54.1 -47.4
9.Sales Growth -43.4 -50.0 -4.5
10. Break-up value of ordinary shares (in Rs) 4.2 -3.7 -6.5
45
2. Reserves -82.4 -58.4 -44.7
3. Shareholders' equity (A1+A2) -3.2 20.8 34.6
4. Preference shares
7. Total fixed liabilities (A4+A5+A6) 202.4 144.6 91.3
8. Total capital employed (A3+A7) 199.2 165.4 125.8
B. Liquidity:
(i) Cash 0.3 1.9 14.3
(ii) Investments 0.7 0.7 0.7
2. Other current assets 75.0 65.3 77.6
3. Inventories
5. Current liabilities 366.9 386.9 435.7
6. Total liabilities (A7+B5) 569.3 531.5 527.0
7. Net current assets (B4-B5) -290.9 -318.9 -343.1
8. Contractual liabilities 202.4 144.6 91.3
9. Net liquid assets (B1-B5) -365.9 -384.3 -420.7
C. Fixed Assets
2. Fixed assets after deducting accumulated depreciation 490.1 484.4 469.0
3. Depreciation for the year 29.6 28.7 29.1
4. Total assets (B4+C2) 566.0 552.3 561.6
D. Operation:
ii. Export sales
4. Overhead and other expenses 490.0 487.3 583.6
5. Operating profit -15.6 -7.9 41.0
6. Financial expenses
8. Tax provision 4.6 2.4 3.1
9. Total amount of dividend 5.9
10. Total value of bonus shares issued
E. Source of increase Capital:
1. Increase/decrease in capital employed (A8-A8 of preceding year) 120.7 -33.7 -39.6
2. Retention in business (D7-D8-D9) -20.2 -10.3 32.0
3