Balance Sheet

Dec '04 Dec '05 Dec '06 Dec '07

12 mths 12 mths 12 mths 12 mths

Sources Of Funds In Cr. In Cr. In Cr. In Cr.

Total Share Capital 35.71 35.71 34.36 33.2
Equity Share Capital 35.71 35.71 34.36 33.2
Share Application Money 0 0 0 0
Preference Share Capital 0 0 0 0
Reserves 360.28 398.1 357.73 372.94
Revaluation Reserves 0 0 0 0
Networth 395.99 433.81 392.09 406.14
Secured Loans 0.77 3.71 3.26 1.28
Unsecured Loans 6.27 4.51 6.75 7.48
Total Debt 7.04 8.22 10.01 8.76
Total Liabilities 403.03 442.03 402.1 414.9

Application Of Funds
Gross Block 349.69 395.5 430.21 544.77
Less: Accum. Depreciation 203.76 234.88 265.13 299.18
Net Block 145.93 160.62 165.08 245.59
Capital Work in Progress 21.41 29.55 82.18 25.58
Investments 232.3 258.21 253.42 298.49
Inventories 98.28 102.33 122.08 151.02
Sundry Debtors 24.59 10.68 11.37 13.14
Cash and Bank Balance 9.8 18.4 11.2 8.9
Total Current Assets 132.67 131.41 144.65 173.06
Loans and Advances 43.37 53.39 44.27 72.34
Fixed Deposits 0 0 0.62 0.62
Total CA, Loans & Advances 176.04 184.8 189.54 246.02
Deffered Credit 0 0 0 0
Current Liabilities 159.26 205.09 275.84 370.89
Provisions 13.39 13.41 25.96 29.91
Total CL & Provisions 172.65 218.5 301.8 400.8
Net Current Assets 3.39 -33.7 -112.26 -154.78
Miscellaneous Expenses 0 27.35 13.68 0
Total Assets 403.03 442.03 402.1 414.88

Contingent Liabilities 58.83 66.54 84.75 106.12

Book Value (Rs) 110.89 121.48 114.12 122.32
Dec '08

12 mths

In Cr. BS1 BS2

32.18 Capital 32.18 Equity 464.4
32.18 RP 432.22 LTD 41.7
0 LTD 41.7 506.1
0 CL 453.96 FA 375.25
432.22 960.06 Inv 2.92
0 FA 375.25 NCA 127.93
464.4 Inv 2.92 506.1
32.02 CA 581.89
9.68 960.06
41.7
506.1

586.94
335.55
251.39
123.86
2.92
222.81
19.67
269.59
512.07
69.82
0
581.89
0
433.56
20.4
453.96
127.93
0
506.1

113.74
144.3
 BS3
Equity 464.4
464.4
FA 375.25
Inv 2.92
NCA 127.93
506.1
Less LTD 41.7
464.4
 Profit & Loss account
Dec '04 Dec '05 Dec '06 Dec '07 Dec '08

12 mths 12 mths 12 mths 12 mths 12 mths

Income
Sales Turnover 885.28 1,006.02 1,149.97 1,441.92 1,751.24
Excise Duty 121.23 126.24 91.73 148.45 162.65
Net Sales 764.05 879.78 1,058.24 1,293.47 1,588.59
Other Income 13.44 17.87 8.71 7.68 25.07
Stock Adjustments 13.48 10.44 -2.54 17.29 51.32
Total Income 790.97 908.09 1,064.41 1,318.44 1,664.98
Expenditure
Raw Materials 222.49 246.22 441.53 563.06 732.53
Power & Fuel Cost 16.17 19.62 20.83 25.3 29.7
Employee Cost 76.49 94.38 93.93 107.36 130.22
Other Manufacturing
Expenses 124.52 138.85 57.63 76.61 96.01
Selling and Admin Expenses 0 0 266.54 323.54 2.45
Miscellaneous Expenses 256.33 292.11 35.88 43.13 430.46

Preoperative Exp Capitalised 0 0 0 0 0

Total Expenses 696 791.18 916.34 1,139.00 1,421.37
Dec '04 Dec '05 Dec '06 Dec '07 Dec '08

12 mths 12 mths 12 mths 12 mths 12 mths

Operating Profit 81.53 99.04 139.36 171.76 218.54

PBDIT 94.97 116.91 148.07 179.44 243.61
Interest 2.41 1.7 2.22 2.03 5.2
PBDT 92.56 115.21 145.85 177.41 238.41
Depreciation 33.95 34.07 33.41 34.32 36.52
Other Written Off 0 0 0 0 0
Profit Before Tax 58.61 81.14 112.44 143.09 201.89
Extra-ordinary items 0 0 0 19.23 0
PBT (Post Extra-ord Items) 58.61 81.14 112.44 162.32 201.89
Tax 22.24 35.19 43.62 44.67 36.11
Reported Net Profit 41.29 45.95 68.81 117.65 165.78
Total Value Addition 473.51 544.96 474.8 575.93 688.83
Preference Dividend 0 0 0 0 0
Equity Dividend 7.14 7.14 6.87 6.64 6.44
Corporate Dividend Tax 1 1 0.96 1.13 1.09
Per share data (annualised)
Shares in issue (lakhs) 357.1 357.1 343.57 332.04 321.83
Earning Per Share (Rs) 11.56 12.87 20.03 35.43 51.51
Equity Dividend (%) 20 20 20 20 20
Book Value (Rs) 110.89 121.48 114.12 122.32 144.3
Source : Asian CERC
 Cash Flow Statement
Dec '02 Dec '03 Dec '06 Dec '07 Dec '08
12 mths 12 mths 12 mths 12 mths 12 mths

Net Profit Before Tax 108.26 72.09 112.43 143.09 201.89

Net Cash From Operating
Activities 93.62 95.07 170.53 188.57 165.16
Net Cash (used in)/from
Investing Activities -59.77 -112.42 -67.13 -86.05 174.36
Net Cash (used in)/from
Financing Activities -16.05 -3.96 -110.14 -104.84 -79.91
Net (decrease)/increase In
Cash and Cash Equivalents 17.8 -21.3 -6.74 -2.32 259.61
Opening Cash & Cash
Equivalents 38.4 56.2 17.92 11.2 8.9
Closing Cash & Cash
Equivalents 56.2 34.89 11.17 8.88 268.51