STATEMENT 1: GROWTH RATES OF THE SELECTED ITEMS OF THE SELECTED 947 PRIVATE LIMITED COMPANIES, 1997-98 TO 1999-2000

(Per cent)

ITEM

1997-98

1998-99

1999-2000

1

2

3

4

1.

Sales +

(10.3)

12.2

13.3

2.

Value of production

(9.9)

11.2

13.9

3.

Total Income

(10.1)

10.9

14.0

4.

Manufacturing expenses

(5.9)

8.6

13.4

5.

Remuneration to employees

(14.3)

17.4

20.4

6.

Depreciation provision

(14.3)

17.3

15.1

7.

Gross profits

(14.1)

12.1

21.4

8.

Interest

(4.3)

8.3

-1.3

9.

Operating profits

(25.3)

16.5

45.4

10.

Non-operating surplus/deficit

(-10.9)

10.6

-20.2

11.

Profits before tax

(22.3)

16.1

41.4

12.

Tax provision

(-10.1)

7.9

21.0

13.

Profits after tax

(47.8)

20.9

51.9

14.

Dividend paid

(18.7)

20.2

31.7

15.

Profits retained

(60.2)

21.1

59.4

16.

Gross saving

(29.2)

18.6

30.4

17.

(a) Gross value added

(14.9)

15.3

20.1

(b) Net value added

(15.0)

14.9

21.1

18.

Net worth @

(14.8)

14.9

25.8

19.

Total borrowings @

(12.3)

8.6

15.0

Of which, from banks @

(10.9)

6.9

12.6

20.

Trade dues and other current liabilities @

(7.5)

6.2

4.5

21.

(a) Gross fixed assets @

(12.1)

14.3

13.9

(b) Net fixed assets @

(9.3)

11.3

10.9

22.

Inventories @

(10.3)

2.4

12.5

23.

(a) Gross physical assets @

(11.7)

11.1

13.5

(b) Net physical assets @

(9.7)

8.1

11.4

24.

(a) Total gross assets @

(12.3)

11.2

16.0

(b) Total net assets @

(11.3)

9.6

15.4

25.

Total earnings in foreign currencies

(31.5)

41.2

37.0

Of which, Exports

(12.5)

38.3

43.5

26.

Total expenditure in foreign currencies

(40.0)

14.5

24.6

Of which, Imports

(15.6)

8.1

19.6

Note : Figures in brackets relate to 890 companies selected in the previous study.

Rates of growth of all the items are adjusted for changes due to amalgamation of companies.

+ Net of 'rebates and discounts' and 'excise duty and cess'.

@ Adjusted for revaluation, etc.

STATEMENT 2: SELECTED FINANCIAL RATIOS OF THE SELECTED 947 PRIVATE LIMITED COMPANIES, 1998-99 AND 1999-2000

(Per cent)

SELECTED FINANCIAL RATIOS

1997-98

1998-99

1999-2000

1

2

3

4

A.

CAPITAL STRUCTURE RATIOS

1.

Net fixed assets to total net assets

36.5

37.0

35.5

2.

Net worth to total net assets

32.8

34.3

37.4

3.

Debt to equity

33.1

28.0

25.4

4.

Debt to equity

34.3

29.7

26.6

(equity adjusted for revaluation reserve)

5.

Short term bank borrowings to inventories

74.1

80.5

79.1

6.

Total outside liabilities to net worth

205.0

191.7

167.7

B.

LIQUIDITY RATIOS

7.

1.1

1.0

1.1

8.

Quick assets to current liabilities

49.0

50.9

56.1

9.

Current assets to total net assets

59.0

58.4

58.9

10.

Sundry creditors to current assets

30.5

28.4

28.2

11.

Sundry creditors to net working capital

573.1

623.5

270.8

C.

ASSETS UTILIZATION AND TURNOVER RATIOS

12.

Sales to total net assets

97.7

99.8

98.0

13.

Sales to gross fixed assets

175.4

172.2

171.3

14.

Inventories to sales

16.9

15.4

15.3

15.

Sundry debtors to sales

19.6

19.7

20.9

16.

Exports to sales

8.1

10.0

12.6

17.

Gross value added to gross fixed assets

38.4

38.8

41.4

18.

Raw materials consumed to value of production

53.4

52.1

51.8

D.

SOURCES AND USES OF FUNDS RATIOS @

19.

Gross fixed assets formation to total uses of funds

(45.9)

57.0

41.4

20.

Gross capital formation to total uses of funds

(58.3)

59.9

51.4

21.

External sources of funds to total sources

of funds

(58.4)

55.0

63.2

22.

Increase in bank borrowings to total external

sources

(19.2)

15.8

17.0

23.

Gross savings to gross capital formation

(77.0)

80.5

77.4

E.

PROFITABILITY AND PROFIT ALLOCATION RATIOS

24.

Gross profits to total net assets

8.0

8.2

8.6

25.

Gross profits to sales

8.2

8.2

8.8

26.

Profits after tax to net worth

7.7

8.1

9.8

27.

Tax provision to profits before tax

36.7

34.1

29.2

28.

Profits retained to profits after tax

72.5

72.6

76.3

29.

Dividends to net worth

2.1

2.2

2.3

30.

Ordinary dividends to ordinary paid-up capital

4.6

4.8

5.0

Note : Figures in brackets relate to 890 companies selected in the previous study.

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

@ Adjusted for revaluation, etc.

STATEMENT 3: COMBINED INCOME, VALUE OF PRODUCTION, EXPENDITURE AND APPROPRIATION ACCOUNTS OF THE SELECTED 947 PRIVATE LIMITED COMPANIES, 1997-98 TO 1999-2000

(Rs. lakh)

ITEM

1997-98

1998-99

1999-2000

1

2

3

4

INCOME AND VALUE OF PRODUCTION

1. Sales +

3,770,58

4,229,88

4,794,33

2. Increase(+) or decrease(-) in value of stock

of finished goods and work in progress

45,30

12,42

36,90

3. Value of production (1+2)

3,815,88

4,242,31

4,831,23

4. Other income

170,73

180,79

214,61

Of which, (a) Dividends

5,48

7,03

10,07

(b) Interest

41,54

45,94

46,18

(c) Rent

6,47

9,01

10,08

5. Non-operating surplus(+)/ deficit(-)

10,07

11,14

8,89

6. Total (3+4+5)

3,996,68

4,434,24

5,054,73

EXPENDITURE AND APPROPRIATIONS

7. Raw materials, components, etc., consumed

2,036,20

2,210,07

2,503,30

8. Stores and spares consumed

137,39

143,22

148,08

9. Power and fuel

173,46

183,76

218,93

10. Other manufacturing expenses

137,99

162,92

190,44

11. Salaries, wages and bonus

308,62

362,29

440,65

12. Provident fund

23,11

28,04

32,77

13. Employees' welfare expenses

36,88

42,36

47,56

14. Managerial remuneration

24,30

26,87

30,11

15. Royalty

4,38

6,11

8,26

16. Repairs to buildings

18,34

20,98

19,48

17. Repairs to machinery

29,51

35,96

43,20

18. Bad debts

6,06

22,85

19,96

19. Selling commission

33,92

35,78

41,90

20. Rent

39,15

46,12

64,81

21. Rates and taxes

10,93

12,69

15,19

22. Advertisement

27,64

33,06

39,54

23. Insurance

12,55

13,99

15,60

24. Research and development

1,55

1,49

1,90

25. Other expenses

474,79

520,52

553,14

26. Depreciation provision

139,27

163,37

188,08

27. Other provisions

(other than tax and depreciation)

2,00

4,66

2,91

28. Gross profits

308,59

345,99

420,03

29. Less: Interest

164,34

177,94

175,63

30. Operating profits

144,26

168,05

244,40

31. Non-operating surplus(+)/ deficit(-)

10,07

11,14

8,89

32. Profits before tax

154,32

179,19

253,29

33. Less: Tax provision

56,57

61,05

73,88

34. Profits after tax

97,75

118,14

179,41

35. Dividends

26,89

32,31

42,56

(a) Ordinary

26,88

32,18

42,32

(b) Preference

1

13

23

36. Profits retained

70,86

85,82

136,85

37. Total (7 TO 28 + 31)

3,996,68

4,434,24

5,054,73

+ Net of 'rebates and discounts' and 'excise duty and cess'.

STATEMENT 4: COMBINED BALANCE SHEET OF THE SELECTED 947 PRIVATE LIMITED COMPANIES, 1997-98 TO 1999-2000

(Rs. lakh)

CAPITAL AND LIABILITIES

1997-98

1998-99

1999-2000

1

2

3

4

A.

Share capital

590,91

685,06

880,42

1. Paid-up capital

590,53

684,68

880,03

(a) Ordinary

583,35

668,65

838,26

Of which, bonus

65,17

71,05

87,17

(b) Preference

7,18

16,03

41,78

2. Forfeited shares

38

38

38

B.

Reserves and surplus

674,28

768,44

948,03

3. Capital reserve

280,45

291,14

346,89

Of which, premium on shares

35,17

40,45

80,11

4. Investment allowance reserve

14,72

16,23

9,95

5. Sinking funds

51

8

7

6. Other reserves

378,61

460,98

591,12

C.

Borrowings

1,327,74

1,441,96

1,658,02

7. Debentures @

3,39

3,39

39

8. Loans and advances

1,268,62

1,387,92

1,605,70

(a) From banks

654,28

699,15

787,06

Of which, short-term borrowings

473,05

525,90

581,07

(b) From other Indian financial

institutions

120,44

108,37

145,40

(c) From foreign institutional agencies

10,74

17,12

7,88

(d) From government and semi-government

bodies

36,95

48,65

47,49

(e) From companies

98,67

129,58

177,73

(f) From others

347,55

385,06

440,14

9. Deferred payments

32,10

24,07

20,78

10. Public deposits

23,62

26,57

31,15

Of total borrowings, debt

418,61

407,30

464,01

D.

Trade dues and other current liabilities

1,213,34

1,288,26

1,345,95

11. Sundry creditors

695,01

703,67

812,98

12. Acceptances

10,20

8,84

7,79

13. Liabilities to companies

11,35

6,66

14,40

14. Advances/ deposits from customers,

agents, etc.

205,78

208,83

201,46

15. Interest accrued on loans

28,86

34,84

39,30

16. Others

262,13

325,42

270,02

E.

Provisions

52,04

55,89

61,52

17. Taxation (net of advance of income-tax)

-

-

-

18. Dividends

22,61

22,81

22,94

19. Other current provisions

11,69

15,89

21,75

20. Non-current provisions

17,74

17,19

16,83

F.

21. Miscellaneous non-current liabilities

-

-

-

22. TOTAL

3,858,31

4,239,60

4,893,93

@

Include privately placed debentures.

-

Nil or negligible.

(Rs. lakh)

ASSETS

1997-98

1998-99

1999-2000

1

2

3

4

G.

Gross fixed assets

2,150,02

2,456,48

2,798,40

23. Land

85,17

112,21

142,17

24. Buildings

563,40

628,39

694,59

25. Plant and machinery

1,108,29

1,281,55

1,424,94

26. Capital work-in-progress

72,10

52,35

91,01

27. Furniture, fixtures and office equipments

145,04

186,11

221,66

28. Others

176,02

195,86

224,02

H.

29. Depreciation

741,83

889,14

1,059,56

I.

30. Net fixed assets

1,408,19

1,567,34

1,738,84

J.

Inventories

638,23

653,50

734,98

31. Raw materials, components, etc.

234,81

246,45

294,05

32. Finished goods

182,88

205,17

230,79

33. Work-in-progress

128,96

119,09

130,37

34. Stores and spares

42,61

43,28

50,59

35. Others

48,97

39,51

29,17

K.

Loans and advances and other debtor balances

1,320,81

1,450,79

1,694,02

36. Sundry debtors

740,13

835,01

1,000,11

37. Loans and advances

414,25

443,09

530,53

(a) To subsidiaries and companies under

the same management

17,26

23,40

33,14

(b) Others

396,99

419,68

497,39

38. Interest accrued on loans and advances

7,33

7,22

8,00

39. Deposits/ balances with government/ others

109,94

113,88

104,90

40. Others

49,17

51,59

50,47

L.

Investments

196,77

232,18

327,00

Of which, quoted investments

60,43

66,30

90,24

41. Foreign

59

1,84

2,39

42. Indian

196,18

230,34

324,61

(a) Government/ semi-government securities

3,19

1,14

1,07

(b) Securities of Financial Institutions

13,54

18,87

39,70

(c) Industrial securities

140,21

151,43

185,71

(d) Shares and debentures of subsidiaries

4,37

15,63

30,85

(e) Others

34,87

43,28

67,27

M.

43. Advance of income-tax (net of tax provision)

2,64

2,51

5,91

N.

Other assets

35,75

32,54

33,42

44. Immovable property

4,58

5,01

4,36

45. Intangible assets

30,82

27,41

28,46

46. Miscellaneous non-current assets

35

12

60

O.

Cash and bank balances

255,93

300,74

359,78

47. Fixed deposits with banks

146,87

172,26

207,59

48. Other bank balances

93,34

108,92

133,39

49. Cash in hand

15,71

19,57

18,79

50. TOTAL ( I to O )

3,858,31

4,239,60

4,893,93

STATEMENT 5: SOURCES AND USES OF FUNDS OF THE SELECTED 947 PRIVATE LIMITED COMPANIES, 1998-99 AND 1999-2000

(Rs. lakh)

SOURCES OF FUNDS

1998-99

1999-2000

1

2

3

INTERNAL SOURCES

232,23

301,16

A.

1. Paid-up capital

5,88

16,11

B.

Reserves and surplus

77,85

115,18

2. Capital reserve

-5,61

-8,66

3. Investment allowance reserve

1,51

-6,28

4. Sinking funds

-42

-1

5. Other reserves

82,37

130,14

C.

Provisions

148,50

169,87

6. Depreciation

144,52

167,64

7. Taxation (net of advance of income-tax)

13

-3,40

8. Dividends

20

13

9. Other current provisions

4,19

5,86

10. Non-current provisions

-55

-36

EXTERNAL SOURCES

284,26

516,86

D.

Paid-up capital

93,56

221,66

11. Net issues

88,27

179,25

12. Premium on shares

5,28

42,41

E.

13. Capital receipts

1,56

21,45

F.

Borrowings

114,22

216,06

14. Debentures @

-

-3,00

15. Loans and advances

119,30

217,78

(a) From banks

44,87

87,92

(b) From other Indian financial institutions

-12,07

37,03

(c) From foreign institutional agencies

6,37

-9,24

(d) From government and semi-government bodies

11,70

-1,16

(e) From companies

30,91

48,15

(f) From others

37,51

55,08

16. Deferred payments

-8,03

-3,29

17. Public deposits

2,96

4,57

G.

Trade dues and other current liabilities

74,92

57,69

18. Sundry creditors

8,67

109,30

19. Acceptances

-1,37

-1,05

20. Liabilities to companies

-4,69

7,74

21. Advances/ deposits from customers, agents, etc.

3,04

-7,37

22. Interest accrued on loans

5,98

4,46

23. Others

63,29

-55,40

H.

24. Miscellaneous non-current liabilities

-

-

25. TOTAL

516,49

818,02

(Rs. lakh)

USES OF FUNDS

1998-99

1999-2000

1

2

3

I.

Gross fixed assets

294,21

338,59

26. Land

17,53

29,31

27. Buildings

62,88

64,01

28. Plant and machinery

172,70

142,91

29. Capital work-in-progress

-19,76

38,66

30. Furniture, fixtures and office equipments

41,03

35,55

31. Others

19,82

28,16

J.

Inventories

15,27

81,48

32. Raw materials, components, etc.

11,64

47,60

33. Finished goods

22,30

25,62

34. Work-in-progress

-9,87

11,29

35. Stores and spares

67

7,32

36. Others

-9,46

-10,34

K.

Loans and advances and other debtor balances

129,98

243,23

37. Sundry debtors

94,89

165,10

38. Loans and advances

28,83

87,44

a) To subsidiaries and companies

under the same management

6,14

9,74

b) Others

22,69

77,71

39. Interest accrued on loans and advances

-11

78

40. Deposits/ balances with government/ others

3,94

-8,98

41. Others

2,43

-1,12

L.

42. Investments

35,42

94,82

M.

43. Other assets

-3,21

88

N.

44. Cash and bank balances

44,82

59,03

45. TOTAL

516,48

818,02

Note : This statement is derived from Statement 4. Figures have been adjusted for the changes consequent on amalgamation of companies and for revaluation, etc., wherever necessary.

@

Include privately placed debentures.

- Nil or negligible.

STATEMENT 6 : EARNINGS/ EXPENDITURE IN FOREIGN CURRIENCIES OF SELECTED 947 PRIVATE LIMITED COMPANIES, 1997-98 TO 1999-2000

(Rs. lakh)

ITEM

1997-98

1998-99

1999-2000

1

2

3

4

I.

Expenditure in foreign currencies

266,02

304,69

379,56

(a)

Imports (on c.i.f. basis)

225,92

244,26

292,03

Of which,

i) Raw materials

147,79

154,41

210,41

ii) Capital goods

46,01

40,63

29,83

iii) Stores and spares

14,76

15,63

16,16

(b)

Other expenditure in foreign currencies

40,11

60,43

87,53

II.

Earnings in foreign currencies

476,37

672,48

921,07

Of which,

Exports (on f.o.b. basis)

305,24

422,06

605,53

III.

Net inflow (+)/ outflow (-) in

foreign currencies

210,35

367,79

541,51