BALANCE SHEET

BALANCE SHEET 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11E 2011-12E 2012-13E 2013-14E 2014-15E 2015-16E 2016-17E 2017-18E 2018-19E 2019-20E

SOURCES OF FUND

SHARE CAPITAL 135.0 135.0 145.0 145.0 145.1 145.1 145.1 145.1 145.1 145.1 145.1 145.1 145.1 145.1 145.1

RESERVES AND SURPLUS 1485.3 1744.2 2606.1 2868.7 3203.5 3343.0 3761.6 4236.4 4778.7 5400.3 6103.8 6907.4 7799.4 8789.0 9880.5

NETWORTH 1620.3 1879.2 2751.1 3013.7 3348.6 3488.0 3906.7 4381.5 4923.8 5545.4 6248.9 7052.5 7944.5 8934.1 10025.6

LOAN FUNDS 0.5 0.5

SECURED LOAN 811.3 2171.4 2426.1 2392.4 2612.9 3631.6 3931.5 4270.7 4785.7 5352.0 5150.9 5771.5 6425.2 6991.4 7567.4

UNSECURED LOAN 319.4 14.4 12.6 106.6 236.1 212.5 244.0 279.2 318.5 362.4 408.6 457.8 509.6 563.6 620.2

LOAN FUNDS 1130.7 2185.8 2438.8 2499.0 2849.0 3844.1 4175.5 4549.9 5104.1 5714.4 5559.5 6229.2 6934.8 7555.1 8187.6

OTHERS 227.5 264.2 288.7 287.7 296.3 296.3 340.3 389.4 444.2 505.5 569.9 638.5 710.8 786.2 865.1

TOTAL FUNDS EMPLOYED 2978.5 4329.2 5478.6 5800.4 6493.9 7628.5 8422.5 9320.8 10472.1 11765.2 12378.2 13920.2 15590.1 17275.3 19078.3

APPLICATION OF FUNDS

GROSS BLOCK 2622.6 3577.7 4210.4 4772.1 5116.3 6385.0 6941.1 7710.0 8749.9 9926.1 10256.7 11492.3 12794.0 14149.8 15570.7

LESS:DEPRECIATION 748.3 917.8 1150.8 1388.4 1591.9 1893.4 2268.5 2692.1 3181.8 3746.0 3897.5 4367.1 4861.7 5518.4 6228.3
NET BLOCK 1874.3 2659.9 3059.6 3383.7 3524.4 4491.6 4672.5 5017.9 5568.1 6180.1 6359.1 7125.3 7932.3 8631.4 9342.4
CAPITAL WIP 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
INVESTMENTS 42.2 42.2 3.0 3.5 3.8 4.2 4.6 5.1 5.6 6.1 6.7 7.4 8.1 8.9 9.8
SUB TOTAL 42.2 42.2 3.0 3.5 3.8 4.2 4.6 5.1 5.6 6.1 6.7 7.4 8.1 8.9 9.8

CURRENT ASSETS & LOANS-ADV

INVENTORIES 16.0 6.8 10.2 9.5 10.7 10.7 12.3 14.1 16.1 18.3 20.7 23.1 25.8 28.5 31.4

SUNDRY DEBTOR 1121.8 1542.8 1958.8 2133.3 2637.4 3164.9 3488.8 3952.8 4463.5 5130.1 5841.6 6610.8 7433.2 8303.1 9228.3

CASH AND BANK BALANCES 59.0 153.4 245.0 285.3 382.5 520.1 400.4 481.4 561.8 563.6 275.2 271.8 304.4 416.3 582.2

LOANS AND ADVANCES 255.5 345.0 633.5 769.4 1127.9 1240.7 1424.7 1630.4 1859.7 2116.2 2385.9 2673.3 2976.1 3291.5 3622.0

TOTAL CURRENT ASSETS 1452.4 2048.0 2847.4 3197.4 4158.5 4936.5 5326.2 6078.8 6901.1 7828.3 8523.3 9579.1 10739.5 12039.4 13463.8

LESS: CURRENT LIABILITIES

CURRENT LIABILITIES 309.0 309.9 363.3 473.6 756.9 908.3 1043.0 1193.6 1361.4 1549.3 1746.7 1957.1 2178.8 2409.6 2651.6

PROVISIONS 99.5 124.8 179.5 365.1 411.7 492.7 537.9 587.3 641.2 700.0 764.3 834.5 911.1 994.8 1086.1

TOTAL CURRENT LIABILITIES 408.5 434.7 542.8 838.6 1168.6 1401.0 1580.9 1780.9 2002.6 2249.3 2511.0 2791.6 3089.9 3404.4 3737.8

NET CURRENT ASSETS 1043.8 1613.3 2304.6 2358.8 2989.9 3535.5 3745.3 4297.9 4898.5 5578.9 6012.4 6787.6 7649.6 8635.0 9726.1

TOTAL 2960.3 4315.4 5367.1 5746.0 6518.1 8031.2 8422.4 9320.8 10472.1 11765.2 12378.2 13920.2 15590.1 17275.3 19078.3
SCHEDULE 26 NOTES TO ACCOUNT
2005- 2006- 2007- 2008- 2009- 2010- 2011- 2012-
06 07 08 09 10 11 12 13

5% 3% 3% 3% 2% 2% 2% 2%
50% 40% 48% 49% 49% 44% 45% 45%
54% 43% 50% 52% 52% 46% 46% 47%
0 0 0 0 7.94E-05 6E-05 0 0
27% 50% 44% 41% 40% 48% 47% 46%
11% 0% 0% 2% 4% 3% 3% 3%
38% 50% 45% 43% 44% 50% 50% 49%
8% 6% 5% 5% 5% 4% 4% 4%
100% 100% 100% 100% 100% 100% 100% 100%

89% 83% 78% 83% 78% 80% 82% 83%

25% 21% 21% 24% 24% 24% 27% 29%
63% 62% 57% 59% 54% 56% 55% 54%
0% 0% 0% 0% 0% 0% 0% 0%
1% 1% 0% 0% 0% 0% 0% 0%
1% 1% 0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0% 0% 0%
1% 0% 0% 0% 0% 0% 0% 0%
38% 36% 36% 37% 40% 39% 41% 42%
2% 4% 5% 5% 6% 6% 5% 5%
9% 8% 12% 13% 17% 15% 17% 17%
49% 47% 53% 56% 64% 61% 63% 65%
0% 0% 0% 0% 0% 0% 0% 0%
10% 7% 7% 8% 12% 11% 12% 13%
3% 3% 3% 6% 6% 6% 6% 6%
14% 10% 10% 15% 18% 17% 19% 19%
35% 37% 43% 41% 46% 44% 44% 46%
100% 100% 100% 100% 100% 100% 100% 100%
PROFIT AND LOSS ACCOUNT
PROFIT AND LOSS ACCOUNT 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11E 2011-12E 2012-13E 2013-14E 2014-15E 2015-16E 2016-17E 2017-18E 2018-19E 2019-20E
INCOME
SALES 9047.9 10853.3 12362.2 13044.2 14526.2 17778.7 20414.9 23363.6 26648.5 30325.0 34188.8 38307.8 42646.8 47166.0 51902.3
NET COLLECTION 9047.9 10853.3 12362.2 13044.2 14526.2 17778.7 20414.9 23363.6 26648.5 30325.0 34188.8 38307.8 42646.8 47166.0 51902.3
OTHERS 91.9 42.4 42.2 70.1 31.7 25.1 25.7 26.4 27.1 28.0 30.8 33.8 37.2 40.9 45.0
TOTAL 9139.8 10895.7 12404.4 13114.3 14557.9 17803.8 20440.6 23390.0 26675.7 30353.0 34219.6 38341.6 42684.0 47206.9 51947.4
EXPENDITURE
EMPLOYEE REMUNERATION 372.3 464.0 606.7 696.7 752.1 819.8 893.6 974.0 1061.7 1157.2 1261.4 1374.9 1498.6 1633.5 1780.5
OPERATIONAL EXPENSES 7453.3 8943.3 9997.7 10675.7 12388.8 15101.2 17340.4 19845.0 22635.2 25758.0 29039.9 32538.6 36224.1 40062.7 44085.7
MAINTENANCE 184.0 172.7 254.6 318.7 289.3 344.2 395.3 452.4 516.0 587.1 661.9 741.7 825.7 913.2 1004.9
ADMINISTRATION COST 502.9 572.9 711.3 786.6 647.6 655.8 672.1 691.5 714.2 740.6 710.9 718.0 703.7 710.7 696.5
EBDITA 627.3 742.8 834.1 636.6 480.0 882.8 1139.3 1427.2 1748.6 2110.1 2545.4 2968.5 3431.9 3886.9 4379.8
DEPRECIATION 185.2 199.1 233.1 237.6 294.4 301.5 375.1 423.6 489.7 564.1 151.5 469.6 494.6 656.7 709.9
EBIT 442.1 543.7 601.1 399.1 185.7 581.3 764.2 1003.6 1258.9 1545.9 2393.9 2498.9 2937.3 3230.2 3669.9
INTEREST AND FINANCE CHARGES 71.3 103.4 169.7 242.7 191.8 201.3 420.6 551.3 746.7 1002.8 386.3 432.9 481.9 524.4 567.6
TOTAL EXPENDITURE 8769.1 10455.4 11973.0 12958.0 14564.0 17423.9 20097.0 22937.7 26163.5 29809.8 32212.0 36275.6 40228.6 44501.1 48845.0
PBT&PRIOR ADJUSTMENTS 370.8 440.3 431.4 399.2 680.2 976.3 1212.8 1381.3 1583.8 1821.7 2066.9 2367.2 2632.4 2925.2 3230.9
PROVISIONS FOR
TAXES 102.6 134.5 167.6 133.1 226.7 325.4 404.2 460.4 527.9 607.2 688.9 789.0 877.4 975.0 1076.8
TOTAL 102.9 134.8 168.0 133.4 227.0 325.7 404.6 460.7 528.2 607.5 688.9 789.0 877.4 975.0 1076.8
PAT 267.9 305.5 263.4 265.8 453.2 650.5 808.3 920.6 1055.6 1214.2 1378.0 1578.2 1755.0 1950.2 2154.0
2012-13 2012-13
2013-14 2013-14 2013-14 2013-14 2014-15 2014-15 2014-15 2014-15 2005-06 2006-07 2007-08 2008-09 2009-10

PERCENTAGE OF EXPENDITURE TO TOTAL REVENUE

4% 4% 5% 5% 5%
82% 82% 81% 81% 85%
2% 2% 2% 2% 2%
6% 5% 6% 6% 4%
7% 7% 7% 5% 3%
2% 2% 2% 2% 2%
5% 5% 5% 3% 1%
1% 1% 1% 2% 1%
96% 96% 97% 99% 100%
4% 4% 3% 3% 5%

1% 1% 1% 1% 2%
 2010-11 2011-12

EVENUE
5% 4%
85% 85%
2% 2%
4% 2%
5% 7%
2% 0%
3% 7%
1% 1%
98% 94%
5% 6%

2% 2%
CASH FLOW STYATEMENT
CASH FLOW STATEMENT 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11E 2011-12E 2012-13E 2013-14E 2014-15E 2015-16E 2016-17E 2017-18E 2018-19E 2019-20E
CASH FROM OPERATING ACTIVITIES:
NET PBT AND PRIOR ADJUSTMENTS 370.96 440.17 431.79 550.99 681.41 976.26 1212.84 1381.32 1583.81 1821.70 2066.94 2367.18 2632.38 2925.18 3230.85
ADJUSTMENTS FOR:
DEPRECIATION 185.18 199.09 207.88 298.75 296.18 301.50 375.12 423.57 489.74 564.15 151.53 469.56 494.64 656.69 709.86
loss/profit on sale of fixed assets 15.53 0.12 5.61 0.53 3.69
loss/profit on sale of fixed investment 69.96 4.22 0.55 0.18 1.08
interest payments 76.32 115.57 178.05 262.30 203.74 201.35 420.63 551.31 746.74 1002.80 386.32 432.86 481.89 524.36 567.55
interest received 4.99 12.17 9.78 19.59 11.99 11.99 11.99 11.99 11.99 11.99 11.99 11.99 11.99 11.99 11.99
dividend income 3.87 4.07 4.98 14.11 10.07 10.07 10.07 10.07 10.07 10.07 10.07 10.07 10.07 10.07 10.07
lease rent received 1.07 2.97 2.23
OPERATING PROFIT BEFORE CHANGES 197.14 294.09 376.23 530.67 482.71 480.79 773.70 952.82 1214.43 1544.90 515.80 880.37 954.48 1158.99 1255.35
ADJUSTMENTS FOR:
TRADE AND OTHER RECIEVABLES 310.58 464.82 437.40 187.34 637.20 527.49 323.92 464.00 510.68 666.59 711.49 769.23 822.38 869.90 925.15
INVENTORIES 3.75 9.21 3.35 0.69 1.25
TRADE PAYABLES AND OTHER LIABILIT 93.78 1.97 19.03 165.68 258.53 151.38 134.68 150.65 167.82 187.83 197.40 210.43 221.67 230.88 241.97
CASH GENERATED FROM OPERATION 220.55 457.58 421.72 20.96 379.92 376.11 189.24 313.35 342.86 478.76 514.09 558.80 600.71 639.02 683.18
DIRECT TAXES PAID/REFUND RECEIVE 46.33 106.47 178.05 262.29 215.55 325.39 404.24 460.40 527.88 607.17 688.91 788.98 877.37 974.96 1076.84
INTEREST CHARGES 76.32 115.57 224.54 239.69 203.74 201.35 420.63 551.31 746.74 1002.80 386.32 432.86 481.89 524.36 567.55
NET CASH FROM OPERATING ACTIVIT 224.91 54.63 16.29 558.72 364.91 554.21 972.42 1009.09 1180.75 1277.86 993.42 1466.91 1626.89 1945.84 2158.63
CASH FROM INVESTING ACTIVITIES:
PURCHASE OF FIXED ASSETS 623.18 991.32 433.16 645.22 615.92 1268.67 737.32 842.29 1125.53 1263.27 330.55 1235.69 1301.69 1355.77 1420.90
DISPOSAL OF FIXED ASSETS 8.39 6.65 3.63 18.78 222.15
PURCHASE OF INVESTMENTS 13.34 8.22 104.83 1.78 27.15
SALE OF INVESTMENTS 79.20 16.99 2.78 50.07 20.30
INTEREST RECEIVED 4.99 12.17 9.78 19.59 11.99 11.99 11.99 11.99 11.99 11.99 11.99 11.99 11.99 11.99 11.99
DIVIDEND RECEIVED 3.87 4.06 4.98 14.11 10.07 10.07 10.07 10.07 10.07 10.07 10.07 10.07 10.07 10.07 10.07
LEASE RENT RECEIVED 1.07 2.97 2.23
LOANS AND ADVANCES 32.89 8.84 68.37 27.39 130.94
FOREIGN CURRENCY 10.28 1.18
DERIVATIVE 0.00 56.66
CONSOLIDATION-PRELIMINARY,CAPITAL RESERVE,MINORITY INTEREST 29.76 22.00
NET CASH IN INVESTING ACTIVITIES 571.91 968.50 585.18 500.55 512.92 1246.61 715.26 820.24 1103.47 1241.21 308.49 1213.64 1279.64 1333.71 1398.84
CASH FROM FINANCING ACTIVITIES:
amalgamation of share capital 30.01
issue of shares 517.38 2.16
transfer of reserves on amlgamation 157.61
proceeds from short term borrowings 160.00 798.08 162.23 173.22 433
repayment of short termborrowings 154.82 304.99 5.86 6.06 100.34
proceeds from long term borrowings 186.33 811.49 29.15 5.61 134.99 1018.71 299.90 339.16 514.98 566.29 201.08 620.56 653.71 566.25 575.94
repayment of long term borrowings 21.13 249.45 80.98 101.33 118.38 461.29 501.06 545.99 612.50 685.72 716.16 802.44 893.33 974.24 1056.94
payment of dividend 34.74 40.50 43.51 70.33 61.94 29.03 58.02 58.02 58.02 58.02 58.02 58.02 58.02 58.02 58.02
payment of dividend tax 4.87 6.28 7.39 7.73 10.40 4.93 9.86 9.86 9.86 9.86 9.86 9.86 9.86 9.86 9.86

NET CASH IN FINANCING ACTIVITIES 318.39 1008.34 571.01 17.83 279.09 523.45 269.05 274.71 165.40 187.32 985.13 249.77 307.51 475.88 548.89
NET INCREASE/DECEREASE IN CASH 28.62 94.47 30.46 40.35 131.09 168.95 11.88 85.86 88.12 150.68 300.20 3.51 39.74 136.25 210.90

CASH AND CASH EQUIVALENT AS ON 87.86 58.97 154.011 244.988 285.33 382.46 520.15 400.36 481.40 561.79 563.58 275.19 271.83 304.41 416.30

CASH AND CASH EQUIVALENT AS ON 59.24 153.44 123.55 285.34 416.42 213.51 508.26 314.50 393.29 411.11 263.38 278.69 311.57 440.66 627.20
NAME OF THE RATIO 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11E 2011-12E 2012-13E 2013-14E 2014-15E
DU PONT ANALYSIS 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11E 2011-12E 2012-13E 2013-14E 2014-15E
TAX BURDEN RATIO 0.72 0.69 0.61 0.67 0.67 0.67 0.67 0.67 0.67 0.67
INTEREST BURDEN RATIO 0.19 0.23 0.39 0.61 0.28 0.21 0.35 0.40 0.47 0.55
RETURN ON SALES 5% 5% 5% 3% 1% 3% 4% 4% 5% 5%
ASSET TURNOVER RATIO 3.06 2.51 2.30 2.27 2.23 2.21 2.42 2.51 2.54 2.58
LEVERAGE RATIO 1.83 2.30 1.95 1.91 1.95 2.30 2.16 2.13 2.13 2.12
RETURN ON ASSETS 15% 13% 11% 7% 3% 7% 9% 11% 12% 13%
COMPOUND LEVERAGE FACTOR 0.35 0.54 0.77 1.16 0.55 0.47 0.75 0.85 1.00 1.17
RETURN ON EQUITY 4% 5% 5% 5% 1% 2% 5% 6% 8% 10%
2015-16E 2016-17E 2017-18E 2018-19E 2019-20E
YEAR 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15
FCFE) Year for NPV -0.33 0.67 1.67 2.67 3.67 4.67
RFR 8.00% 8.00% 8.00% 8.00% 8.00% 8.00%
RISK PREMIUM 7.00% 7.00% 7.00% 7.00% 7.00% 7.00%
BETA 1.5 1.5 1.5 1.5 1.5 1.5
EPS 6.24 8.97 11.14 12.69 14.55 16.74
CAPEX/SHARE 4.74 17.49 7.67 10.60 14.34 16.22
DEPRECIATION/SHARE 4.06 4.16 5.17 5.84 6.75 7.78
1-D/(D+E)*(CAPEX-DEPRECIATION) 0.31 6.10 1.14 2.18 3.47 3.86
DELTA WC/SHARE 4.35 3.76 1.45 3.81 4.14 4.69
1-D/(D+E)*DELTA WC 1.99 1.72 0.66 1.74 1.89 2.14
Ke 18.50% 18.50% 18.50% 18.50% 18.50% 18.50%
FCFE 3.94 1.15 9.34 8.77 9.19 10.74
PV/SHARE 4.17 1.03 7.04 5.58 4.93 4.86
TOTAL PV of SHARE 93.60
2015-16 2016-17 2017-18 2018-19 2019-20 10.00%
5.67 6.67 7.67 8.67 9.67 10.67
8.00% 8.00% 8.00% 8.00% 8.00% 8.00%
7.00% 7.00% 7.00% 7.00% 7.00% 7.00%
1.5 1.5 1.5 1.5 1.5 1.5
19.00 21.76 24.20 26.89 29.70 32.67
4.56 17.04 17.95 18.69 19.59 21.55
2.09 6.47 6.82 9.05 9.79 10.77
1.13 4.83 5.09 4.41 4.48 4.93
2.99 5.34 5.94 6.79 7.52 8.27
1.37 2.44 2.72 3.11 3.44 3.78
18.50% 18.50% 18.50% 18.50% 18.50% 18.50%
16.51 14.49 16.39 19.38 21.78 23.95
6.30 4.67 4.46 4.45 4.22 46.07
SCHEDULE 1 SHARE CAPITAL 2005-06
HEAD SHARE PRICE TOTAL
AUTHORISED
EQUITY SHARE 100000000.00 2.00 200000000.00
PREFERENCE SHARE 500000.00 100.00 50000000.00
ISSUED
CASH 16059305.00 2.00 32118610.00
CONSIDERATION 36440695.00 2.00 72881390.00
SUSPENSE 3001128.00 10.00 30011280.00
CONSIDERATION 15005640.00 2.00
CASH 21059305.00 2.00

TOTAL SHARE CAPITAL 0.00 135011280.00

SCHEDULE 2 RESERVES AND SURPLUS

HEAD 2005-06
CAPITAL RESERVE
REVALUATATION 552721399.00
SHARE PREMIUM 121616708.00
CAPITALREDEMPTION 19400000.00
OTHERS 25000.00

TOTAL 0.00 693763107.00

REVENUE RESERVE
GENERAL RESERVE 652005620.00
33AC IT ACT 1961 47700000.00
TONNAGE RESERVE 39000000.00
PL ACC 52847428.00

TOTAL 0.00 791553048.00

TOTAL 0.00 1485316155.00

SCHEDULE 3 SECURED LOANS

HEAD 2005-06
TERM LOAN FROM BANKS
HYPOTHECIATATION OF MOTOR/TRUCK ETC 563171791.00
FOREIGN CURRENCY-SHIP 64711706.00

TOTAL 0.00 627883497.00

TERM LOAN FROM OTHERS
AGAINST HYPOTHECIATATION AND MORTGAGE 67231742.00
TOTAL 0.00 67231742.00
WORKING CAPITAL LOANS FROM BANKS
AGAINST HYPOTHECIATATION OF INVENTORIES ETC 116156364.00

TOTAL 0.00 116156364.00

TOTAL 0.00 811271603.00

SCHEDULE 4 UNSECURED LOANS

HEAD 2005-06
SHORT TERM LOANS
COMMERCIAL PAPER 300000000.00
FIXED DEPOSIT 19274308.00
INTEREST ACCRUED AND DUE 144862.00

TOTAL 0.00 319419170.00

REDEEMABLE NON CONVERTIBLE DEBENTURE

TOTAL 0.00 319419170.00

SCHEDULE 5 OTHERS
HEAD 2005-06
DEFFERED TAX LIABILITY
ASSET LIABILITY BOOK/TAX 228366000.00
DISALLOWANCE UNDER 43B 774000.00
OTHER ITEMS 87000.00

TOTAL 0.00 227505000.00

LOAN REPAYMENT
HEAD
189397584
27344320
31721760
6300000

TOTAL 254763664

PAT
TO PRINCIPLE PAYMENT 254763664
TO GENERAL RESERVE
0
TO GROSS BLOCK
LESS:PAT 267892256.82
TOTAL -13128592.820392

LOAN REQUIRED
2006-07 2007-08 2008-09 2009-10 2010-11

32118610.00 42118610.00 42118610.00 42163820.00 145056490.00

102892670.00 102892670.00 102892670.00 102892670.00
75000.00

135011280.00 145011280.00 145011280.00 145131490.00 145056490.00

2006-07 2007-08 2008-09

552683423.00 145611995.00 145574019.00 145536043.00 145498067.00

121616708.00 628997290.00 628997290.00 631031740.00 633066190.00
19400000.00 19400000.00 19400000.00 19400000.00 19400000.00
25000.00 407058452.00 407058452.00 407058452.00 407058452.00
10606157 6486800
693725131.00 1201067737.00 1211635918.00 1209513035.00 1205022709.00

890000000.00 1090000000.00 1300000000.00 1650000000.00 1975270180.4555

47700000.00 47700000.00 47700000.00 47700000.00 47700000.00
59000000.00 74000000.00 90000000.00 102500000.00 115000000.00
53736819.00 193366044.00 219333099.00 189110771.00

1050436819.00 1405066044.00 1657033099.00 1989310771.00 2137970180.46

4655304
1744161950.00 2606133781.00 2868669017.00 3203479110.00 3342992889.46

2006-07 2007-08 2008-09 2009-10 2010-11

615498692.00 722807507.00 715486922.00 821434118.00

533657794.00 511763612.00 450758315.00 333428171.00

1149156486.00 1234571119.00 1166245237.00 1154862289.00 0.00

107997936.00 119183294.00 78857381.00 107902633.00

 107997936.00 119183294.00 78857381.00 107902633.00 0.00

914235001.00 1072393643.00 1145614665.00

1712925.00 667845.00
914235001.00 1072393643.00 1147327590.00 667845.00 0.00

1349500785.00 3631640196.80
2171389423.00 2426148056.00 2392430208.00 2612933552.00 3631640196.80

2006-07 2007-08 2008-09 2009-10 2010-11

100000000.00
14419000.00 8564633.00 5993120.00 5655820.00
5880.00
4067710.00 583466.00 410417.00
14424880.00 12632343.00 106576586.00 6066237.00 0.00

230000000.00 212459613.30
14424880.00 12632343.00 106576586.00 236066237.00 212459613.30

2006-07 2007-08 2008-09 2009-10 2010-11

265498000.00 290547587.00 292843763.00 302869277.00

1221000.00 1700000.00 4872000.00 5021000.00
92000.00 131919.00 226000.00 1511801.00

296336476.00
264185000.00 288715668.00 287745763.00 296336476.00 296336476.00

205640201 204198438 182900152 195012369 461291977.212

21523500 131682550 158322900 150178373
39796823 40220334 30960178 39876898
9483000 5043633 10454080 667845
4257800 2113000

276443524 381144955 386895110 387848485 461291977.212

13% 16% 16% 15% 13%
13% 16% 15% 14% 12%
 276443524 381144955 386895110 387848485 461291977.212
237994380.00 200000000.00 210000000.00 350000000.00 325270180.46
20000000.00 15000000.00 16000000.00 12500000.00 12500000.00

305470404.73 263376847.27 265813340.00 453156040.00 650540360.91

228967499.26537 332768107.72891 347081770 297192445 148521796.7565
-78% -76% -79% -77% -50%
-90% -145% -146% -86% -71%
-7% -6% -6% -3% -2%

704909600.44078 925866235.76266 1055017513.752 -10531684243.152 -89113078.0539

2011-12 2012-13 2013-14 2014-15 2015-16

145056490.00 145056490.00 145056490.00 145056490.00 145056490.00

145056490.00 145056490.00 145056490.00 145056490.00 145056490.00

145460091.00 145422115.00 145384139.00 145346163.00 145308187.00

635100640.00 637135090.00 639169540.00 641203990.00 643238440.00
19400000.00 19400000.00 19400000.00 19400000.00 19400000.00
407058452.00 407058452.00 407058452.00 407058452.00 407058452.00

1207019183.00 1209015657.00 1211012131.00 1213008605.00 1215005079.00

2379404207.031 2839701983.3496 3367498511.9008 3974594072.2239 4663608895.6606

47700000.00 47700000.00 47700000.00 47700000.00 47700000.00
127500000.00 140000000.00 152500000.00 165000000.00 177500000.00

2554604207.03 3027401983.35 3567698511.90 4187294072.22 4888808895.66

3761623390.03 4236417640.35 4778710642.90 5400302677.22 6103813974.66

2010-12 2010-13 2010-14 2010-15 2010-16

0.00 0.00 0.00 0.00

 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

3931538233.05 4270701892.16 4785686580.21 5351972655.31 5559456157.0128

3931538233.05 4270701892.16 4785686580.21 5351972655.31 5559456157.01

2010-12 2010-13 2010-14 2010-15 2010-16

0.00 0.00 0.00 0.00

243962884.47 279200790.50 318456310.70 362390921.85 408564710.70

243962884.47 279200790.50 318456310.70 362390921.85 408564710.70

2010-12 2010-13 2010-14 2010-15 2010-16

340276913.51 389426381.18 444179575.63 505459117.84 569861842.00

340276913.51 389426381.18 444179575.63 505459117.84 569861842.00

501060134.10223 545988321.91916 612497146.90937 685723629.25858 716162504.12534

501060134.10223 545988321.91916 612497146.90937 685723629.25858 716162504.12534

13% 13% 13% 13%
12% 12% 12% 12%
501060134.10223 545988321.91916 612497146.90937 685723629.25858 716162504.12534
404134026.58 460297776.32 527796528.55 607095560.32 689014823.44
12500000.00 12500000.00 12500000.00 12500000.00 12500000.00

808268053.15 920595552.64 1055593057.10 1214191120.65 1378029646.87

109426107.52677 98190545.600561 97200618.358083 91128068.935511 39647680.688624
-50% -50% -50% -50%
-62% -59% -58% -56%
-2% -1% -1% -1%

-65655664.516064 -58914327.360337 -58320371.01485 -54676841.361307

2016-17 2017-18 2018-19 2019-20

145056490.00 145056490.00 145056490.00 145056490.00

145056490.00 145056490.00 145056490.00 145056490.00

145270211.00 145232235.00 145194259.00 145156283.00

645272890.00 647307340.00 649341790.00 651376240.00
19400000.00 19400000.00 19400000.00 19400000.00
407058452.00 407058452.00 407058452.00 407058452.00

1217001553.00 1218998027.00 1220994501.00 1222990975.00

5452709433.4594 6330212445.4444 7305322415.1086 8382326952.708

47700000.00 47700000.00 47700000.00 47700000.00
190000000.00 202500000.00 215000000.00 227500000.00

5690409433.46 6580412445.44 7568022415.11 8657526952.71

6907410986.46 7799410472.44 8789016916.11 9880517927.71

2010-17 2010-18 2010-19 2010-20

6229243392.3181 6934804819.2039 7555063051.3287 8187606436.9375
6229243392.32 6934804819.20 7555063051.33 8187606436.94

2010-17 2010-18 2010-19 2010-20

457787408.08 509639152.59 563644906.44 620245131.40

457787408.08 509639152.59 563644906.44 620245131.40

2010-17 2010-18 2010-19 2010-20

638517152.32 710839430.44 786166098.56 865111508.21

638517152.32 710839430.44 786166098.56 865111508.21

802443696.04775 893333276.61498 974244954.93224 1056942188.2009

802443696.04775 893333276.61498 974244954.93224 1056942188.2009

802443696.04775 893333276.61498 974244954.93224 1056942188.2009
789100537.80 877503011.98 975109969.66 1077004537.60
12500000.00 12500000.00 12500000.00 12500000.00

1578201075.60 1755006023.97 1950219939.33 2154009075.20

25843158.248931 28330264.630068 11634985.267978 -7562349.3985013
SCHEDULE 6 GROSS BLOCK
HEAD 2005-06 2006-07
TANGIBLE
LAND 18% 461646568.00 608546848.00
BUILDINGS 13% 333930347.00 376685666.00
SHIPS 11% 280766962.00 648631170.00
TRUCKS 26% 687452436.00 894210773.00
VEHICALS 3% 65852614.00 74769200.00
PLANT AND M/C 18% 473151758.00 564831111.00
COMPUTERS 6% 147125993.00 177252017.00
CONTAINERS 2% 51692852.00 65816093.00
FURNITURE AND FITTING 3% 69810894.00 89237354.00
OFFICE EQUIPMENT 1% 34236037.00 48116046.00
WEIGHING SCALES AND PULLEYS 0% 2741770.00 3291064.00
CAPITAL WIP 1% 13783709.00 25953062.00
ASSETS ON LEASE HOLD 0% 373658.00 373658.00

INTANGIBLE

TOTAL COST 1.00 2622565598.00 3577714062.00

1.36
SCHEDULE 7 DEPRECIATION FUND ACCOUNT
HEAD 2005-06 2006-07
TANGIBLE
LAND
BUILDINGS 7% 48767373.00 54751135.00
SHIPS 17% 130081535.00 154644000.00
TRUCKS 51% 380716493.00 450144991.00
VEHICALS 2% 17619965.00 21913207.00
PLANT AND M/C 5% 37313301.00 62095171.00
COMPUTERS 11% 78643803.00 102029992.00
CONTAINERS 1% 8539067.00 14360902.00
FURNITURE AND FITTING 4% 30183183.00 37573721.00
OFFICE EQUIPMENT 2% 14927930.00 18496041.00
WEIGHING SCALES AND PULLEYS 0% 1222783.00 1434804.00
CAPITAL WIP 0%
ASSETS ON LEASE HOLD 0% 277611.00 338182.00
INTANGIBLE

TOTAL 1.00 748293044.00 917782146.00

SCHEDULE 8 CAPITAL WIP
HEAD 2005-06 2006-07

TOTAL 0.00 0.00 0.00

SCHEDULE 9 INVESTMENTS
HEAD 2005-06 2006-07
long term trade investments
NSS 3000.00
equity of joint stock companies
transsystem logistics international 39200000.00 39200000.00
TCI express cargo 3000000.00 3000000.00
etralog.solution Rs 10
Bhoruka group Rs10
SUB TOTAL 0.00 42203000.00 42200000.00
Quoted non-trade investments
equity of joint stock companies
4100 canara bank Rs 10 143500.00 143500.00
2500 indian petrochemical corp Rs 10 425000.00 425000.00
200 Biocon ltd Rs 5 119639.00 119639.00
2965 IVRCL Rs 2 234235.00
150 jagran prakashan ltd Rs 10 48000.00
10000 andaman timber Rs 10 200000.00
9200 GATI Rs 2 641059.00
10936 Bhoruka gases Rs 2 289132.00
2400 Infosys Rs 5 3704039.00
100 RIL Rs 10 1006763.00
25000 RPL Rs 10 1985648.00
2284 Subros ltd Rs 10 524518.00
EDELWEISS CAPITAL LTD
OTHERS
4899 US2002 UTI Rs 10 70162.00
3105 UTI balance fund 67655.00
43221 6.75% TAX FREE US Bond UTI Rs100 4322100.00 4322100.00
500000 SBI magnun mid cap 4965000.00
500000 SBI Bluechip 4965000.00
244498 HSBC advantage fund 2500000.00
48899 units of priciple infra and service fund 500000.00 500000.00

231643 Transport corp ltd Rs 10 5908676.00

100 TCI industries Rs 10 90940.00

SUB TOTAL 0.00 24492252.00 13729053.00

TOTAL 0.00 66695252.00 55929053.00
LESS:PROVISION FOR DIMINISH IN VALUE 211172.00
TOTAL 0.00 66906424.00 55929053.00

INVESTMENTS HELD/ACQUIRED
231643 Transport corp ltd Rs 10 5908676.00
100 TCI industries Rs 10 90940.00
17 Jet airways Rs 10 18700.00
50 UTV s/w Rs 10 6500.00
3000 Deccan aviatation Ltd Rs 10 256521.00
500 Maruti Udyog Ltd 427835.00

499800 units of JM flotters 5025685.00

726316 units of birla sun life flotters 7535343.00
246833 units of SBI magnum floaters 2509876.00

TOTAL 0.00 21095720.00 684356.00

2007-08 2008-09 2009-10 2010-11 2011-12

633133851.00 885489420.00 885489420.00 1454800000.00 1687568000.00

414081953.00 437014721.00 678364638.00 885400000.00 1062480000.00
787696083.00 881311632.00 657506927.00 1037800000.00 1162336000.00
1221216732.00 1238938619.00 1451108527.00 765500000.00 878256000.00
86137229.00 91654546.00 100622017.00 419000000.00 402240000.00
587454847.00 598018004.00 626434990.00
139828785.00 206690319.00 235324756.00 43230000.00 47553000.00
130007561.00 135572122.00 130015079.00 524040000.00 576444000.00
100717501.00 112332635.00 120100875.00 1255200000.00 1305408000.00
52908821.00 61094901.00 70460914.00
3668266.00 4627242.00 4879989.00
53172326.00 119371981.00 153793866.00
373658.00 0.00 0.00 0.00

2200000.00

4210397613.00 4772116142.00 5116301998.00 6384970000.00 7122285000.00

1.18 1.13 1.07 1.25 1.12

2007-08 2008-09 2009-10 2010-11 2011-12

847864.00 1893413315.00
61497002.00 67573674.00 70395484.00 73217294.00 101254080.00
169994330.00 216062468.00 234041665.00 252020862.00 63748800.00
590413952.00 706821733.00 815669787.00 924517841.00 69740160.00
28814158.00 30106750.00 33001802.00 35896854.00 52695360.00
94470212.00 126379238.00 159581854.00 192784470.00 24134400.00
124453344.00 142033728.00 162274575.00 182515422.00 0.00
12762917.00 19083015.00 21320806.00 23558597.00 2853180.00
44475335.00 51057890.00 57823543.00 64589196.00 34586640.00
22179542.00 26466394.00 35649684.00 41159658.00 26108160.00
1434804.00 1620073.00 1817506.00 2014939.00 0.00
0.00 0.00 0.00 0.00
338182.00 338182.00 338182.00 338182.00 0.00
100800000.00 0.00

0.00
1150833778.00 1388391009.00 1591914888.00 1893413315.00 2268534095.00
2007-08 2008-09 2009-10 2010-11 2009-10

0.00 0.00 0.00 0.00 0.00

2007-08 2008-09 2009-10 2010-11 2009-10

3000000.00 3000000.00
250000.00
200000.00 3795000.00 4174500.00 4591950.00
3000000.00 3450000.00 3795000.00 4174500.00 4591950.00

122500.00
4128559.00

289132.00
3704039.00 3704039.00
1720233.00
1985648.00 1032537.00

1243342.00 1243342.00

67655.00 67655.00
4322100.00
5000000.00 5000000.00
5000000.00 5000000.00
5000000.00 5000000.00
5000000.00 5000000.00
5000000.00

1334358.00 40493277.00 48717104.70 58180765.17

40862975.00 29102164.00 40493277.00 48717104.70 58180765.17
43862975.00 32552164.00 44288277.00 52891604.70 62772715.17

43862975.00 32552164.00 44288277.00 52891604.70 62772715.17

0.00 0.00 0.00 0.00 0.00

2012-13 2013-14 2014-15 2015-16 2016-17

1957578880.00 2349094656.00 2818913587.20

1274976000.00 1529971200.00 1835965440.00
1301816320.00 1562179584.00 1812128317.44
1000032480.00 1131551078.40 1273591164.67
386150400.00 370704384.00 355876208.64

52308300.00 57539130.00 63293043.00

634088400.00 697497240.00 767246964.00
1357624320.00 1391564928.00 1426354051.20

7964575100.00 9090102200.40 10353368776.15 0.00 0.00

1.12 1.14 1.14

2012-13 2013-14 2014-15

2268534095.00 2692103628.20 3181847163.10

117454732.80 140945679.36 169134815.23
76498560.00 91798272.00 110157926.40
78108979.20 93730775.04 108727699.05
60001948.80 67893064.70 76415469.88
23169024.00 22242263.04 21352572.52
0.00 0.00 0.00
3138498.00 3452347.80 3797582.58
38045304.00 41849834.40 46034817.84
27152486.40 27831298.56 28527081.02
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00

2692103628.20 3181847163.10 3745995127.63

2009-10 2009-10 2009-10

0.00 0.00 0.00

2009-10 2009-10 2009-10

5051145.00 5556259.50 6111885.45 6723074.00 7395381.39

5051145.00 5556259.50 6111885.45 6723074.00 7395381.39

69049986.69 81511244.86 95774254.79 112074754.27 130677611.09

69049986.69 81511244.86 95774254.79 112074754.27 130677611.09
74101131.69 87067504.36 101886140.24 118797828.26 138072992.48

74101131.69 87067504.36 101886140.24 118797828.26 138072992.48

0.00 0.00 0.00

2017-18 2018-19 2019-20

0.00 0.00 0.00

 8134919.53 8948411.49 9843252.64
8134919.53 8948411.49 9843252.64

151880291.73 176016732.39 203461658.26

151880291.73 176016732.39 203461658.26
160015211.26 184965143.88 213304910.90

160015211.26 184965143.88 213304910.90

SCHEDULE 10 INVENTORIES
HEAD 2005-06 2006-07
diesel and petrol 9370367 1158926
motor parts,lubricants and others 1513744 171527
stores and spare parts 5161260 5509607

TOTAL 0 16045371 6840060

SCHEDULE 11 SUNDRY DEBTOR

HEAD 2005-06 2006-07
more than six months considered good 35523520 46264197
considered doubtful
others considered good 1086290213 1496499042
less:provision for bad debt
TOTAL 0 1121813733 1542763239
* transystem-member a director 17904638 15870462
SCHEDULE 12 CASH
HEAD 2005-06 2006-07
cash and cheques in hand 425610 510935
cash and cheques in transit 305442 2541860
WITH SCHEDULED BANK
in current accounts 15714554 24613578
in deposit accounts 40121089 121914369
in unpaid dividends account 2386431 3840468
OTHER BANKS
nepal bank 13005 12899
andaman and nicobar cooperative bank 3852 12226

TOTAL 0 58969983 153446335

SCHEDULE 13 LOANS AND ADVANCES

HEAD 2005-06 2006-07
loans 11667228 10116340
advances frecoverable in cash or kind 49964601 80985923
advances and deposits with landlords 41434619 48971583
deposits with others 43718263 49010652
advances for capital expenditure 30739358 41124695
tax deducted at source 78017705 114785746

TOTAL 0 255541774 344994939

due from officers from the company 2626094 2644281
max due during the year 3449843 3549412
LOANS AND ADVANCES FROM ASSOCIATE CORPS
XPS cargo ltd 4927000
TCI india
SCHEDULE 14 CURRENT LIABILITIES
HEAD 2005-06 2006-07
sundry creditors 245997518 210939554
customers credit balances 23478182 24096413
overdrawn bank balances 2941268 12674120
other liabilities 14646490 26377730
due to direcors 166382 520835
interest accrued but not due on loans 3658061 10647906
sundry deposits 15750698 20844600
unpaid/unclaimed dividends 2386229 3840466

TOTAL 0 309024828 309941624

SCHEDULE 15 PROVISIONS
HEAD 2005-06 2006-07
taxation 53029955 81229438
gratuity 8172872 9553272
leave enchashment 7507942 10315207
proposed dividends 27000284 20251692
tax on dividends 3786790 3441776
derevative contract
TOTAL 0 99497843 124791385
2007-08 2008-09 2009-10 2010-11 2011-12 2012-13
1417620 1802990
87115 254035
8687285 7441107 2272312
8471466 10743778 12336853.2506 14118783.6313
10192020 9498132 10743778 10743778 12336853.2506 14118783.6313

2007-08 2008-09 2009-10 2010-11 2011-12 2012-13

75712165 80174791 76454537
7646603 3534621
1883055780 2053084497 2560982924
-7646603 -3534621 3164924953.2 3488847787.91 3952847876.1
1958767945 2133259288 2637437461 3164924953.2 3488847787.91 3952847876.1

2007-08 2008-09 2009-10 2010-11 2011-12 2012-13

729820 2126786 7041403
4784136 2917848

44905390 122599934 176228203

164366877 76840378 167465651
4263213 4317271 5384321

22448943
973922
25938422 79445799 520145995.76
244987858 285330168 382460291 520145995.76 0 0

2007-08 2008-09 2009-10 2010-11 2011-12 2012-13

30000000 54433692
88855076 114376757 228217038
82368157 84997134 87935838
84192762 68886987 83547509
83691154 31863670 217232743
264372518 414794175 510961587
1240684186.5 1424651434.46 1630427544.57
633479667 769352415 1127894715 1240684186.5 1424651434.46 1630427544.57
3767789
4508689
46416809
 8947000 12874500
2000000

2007-08 2008-09 2009-10 2010-11 2011-12 2012-13

253883769 366425804 634520777
24117480 13247535 4328035
5639107 1083137 445951
30373465 41217992 62844496
405858 368000 643605
17243817 13333838 13658809
27390606 33566039 35082278
4263211 4317269 5384321
908289926.4 1042970129.41 1193616337.32
363317313 473559614 756908272 908289926.4 1042970129.41 1193616337.32

2007-08 2008-09 2009-10 2010-11 2011-12 2012-13

134640293 224725554 336180470
5379410 7112391 12965279
14058059 15165071 24137212 406878427.49 443497485.964 483412259.701
21751692 70322333 32931396 85853727.3 94439100.03 103883010.033
3696700 7726510 5469494
40000000
179526154 365051859 411683851 492732154.79 537936585.994 587295269.734
2013-14 2014-15 2015-16 2016-17 2017-18 2018-19

16103878.9996 18325589.2877 20660531.5815 23149652.808 25771721.1778 28502714.7116

16103878.9996 18325589.2877 20660531.5815 23149652.808 25771721.1778 28502714.7116

2013-14 2014-15

4463530549.59 5130117774.93 5841605867.54 6610839542.6 7433219064.07 8303116044.11

4463530549.59 5130117774.93 5841605867.54 6610839542.6 7433219064.07 8303116044.11

2013-14 2014-15

0 0

2013-14 2014-15 2015-16 2016-17 2017-18 2018-19

1859665009.47 2116226604.6 2385864154.85 2673306183.5 2976100858.02 3291474136.47

1859665009.47 2116226604.6 2385864154.85 2673306183.5 2976100858.02 3291474136.47
2013-14 2014-15

1361438320.05 1549263968.91 1746662366.77 1957095208.5 2178767537.06 2409648509.82

1361438320.05 1549263968.91 1746662366.77 1957095208.5 2178767537.06 2409648509.82

2013-14 2014-15

526919363.074 574342105.751 626032895.268 682375855.84 743789682.868 810730754.326

114271311.036 125698442.14 138268286.354 152095114.99 167304626.488 184035089.137

641190674.11 700040547.891 764301181.622 834470970.83 911094309.356 994765843.463

2019-20

31364906.9293
31364906.9293

9228269279.87
9228269279.87

2019-20

3621998149.83
3621998149.83
2651621152.85
2651621152.85

883696522.216
202438598.051

1086135120.27
SCHEDULE 16 SALES
HEAD
FREIGHT
freight, miscelleneous,demurrage
shipping,freight, charter hire
TOTAL 0.00
SALES AND SERVICES
sales (iincl. Of carbon credit)
Bus operations
logistics and other services
lease rent
commission
increase/decrease in closing stock TAX
clearing and forwarding services
TOTAL 0.00

SCHEDULE 17 PROVISIONS WRITTEN BACK

HEAD

TOTAL

SCHEDULE 18 OTHERS
HEAD
rent
DIVIDENDS ON INVESTMENTS
long term
short term
miscelleneous income
profit on sale of fixed assets
profit on sale of investments
unspent liabilities
bad debts written off-realised
surplus on sale of assets of fuel pump
TOTAL 0.00

SCHEDULE 19 EMPLOYEE REMUNERATION

HEAD
salaries, wagesand bonus
gratuity
contribution to PPF
sontribution to ESI
staff welfare and development expenses

TOTAL 0.00

SCHEDULE 20 OPERATIONAL EXPENSES

HEAR
freight 81%
vehicles trip expenses 9%
tyres, tubes 0%
other expenses 3%
claims for loss and damage 0%
commission 0%
vehicle taxes 0%
vehical and ship insurance 0%
power, fuel and water charges 1%
stores and spare parts consumed 0%
port and survey expenses 0%
stevedoring and cargo expenses 1%
wages, bonus and others-floating staff 1%
contribution to PF and other-floating staff 0%
COGS 2%
PURCHASES 0%
TOTAL 1.00
SCHEDULE 21 MAINTENANCE
HEAD
motor trucks
other vehicals
ships
dry docking expenses
plant and machinery
computers
buildings

TOTAL 0.00

SCHEDULE 22 ADMINISTRATION COST

HEAD
rent
rates and taxes
insurance
telephone
printing and stationery
travelling expenses
legal expenses
postage and telegram
electricity expenses
bank charges
advertisement expenses
miscelleneous expenses
REMUNERATION TO DIRECTORS
salaries
commission
fees
REMUNERATION TO AUDITORS
audit fees
tax and audit fees
other services
sales tax
lease rent payments
bad debts written off
agriculture expense
charity and donatations
loss on sale of fixed assets
exchange rate difference
preliminary expenses
TOTAL 0.00

SCHEDULE 23 DEPRECIATION
HEAD
LAND
BUILDINGS
SHIPS
TRUCKS
VEHICALS
PLANT AND M/C
COMPUTERS
CONTAINERS
FURNITURE AND FITTING
OFFICE EQUIPMENT
WEIGHING SCALES AND PULLEYS
CAPITAL WIP
ASSETS ON LEASE HOLD

TOTAL 0.00
SCHEDULE 24 PROVISIONS
HEAD
TAXES
CURRENT
DEFFERRED
FBT

TOTAL

SCHEDULE 25 INTEREST AND FINANCE CHARGES

HEAD
fixed loans
fixed deposits
others

less:interest received
TOTAL 0.00

FIXED ASSETS
2005-06 2006-07 2007-08 2008-09 2009-10

7418736139.00 9332942005.00 11283979097.00 6896100000.00 7273400000.00

408344560.00 433502245.00 532010691.00 3469700000.00 3840400000.00
7827080699.00 9766444250.00 11815989788.00 10365800000.00 11113800000.00
1679600000.00 2478400000.00
1120753699.00 959468646.00 314900642.00 671100000.00 634400000.00
547851.00 481688.00 501670.00 72600000.00 75100000.00
99659576.00 135540894.00 229389163.00 233800000.00 150400000.00
1064949.00 1000000.00 1400000.00
208231.00 935246.00 1464954.00 106300000.00 84300000.00
1412065.00 9553658.00 17400000.00 28800000.00
103400000.00 40400000.00
9047902940.00 10853317066.00 12362246217.00 13044200000.00 14526200000.00
120% 114% 106% 111%

CAGR 1.16
2005-06 2006-07 2007-08 2008-09 2009-10

2005-06 2006-07 2007-08 2008-09 2009-10

12893349.00 25463353.00 25274768.00 35072183.00 4387989.00

3868302.00 4055510.00 4978063.00 12069948.00 10069511.00

1750.00 2039164.00
2799005.00 2293082.00 7952574.00 6373051.00 9618124.00
116606.00
69964496.00 4007397.00 550076.00 179177.00 1084178.00
1829669.00 1161172.00 1373454.00 12603136.00 446706.00
586301.00 5190133.00 2023493.00 1791299.00 6131212.00
101346.00
91941122.00 42390349.00 42152428.00 70127958.00 31737720.00

2005-06 2006-07 2007-08 2008-09 2009-10

287823586.00 359964803.00 488471030.00 538488019.00 578086246.00
9617698.00 12710788.00 6300000.00 13828331.00 18027889.00
 24587825.00 29792768.00 36631523.00 42703758.00 46772806.00
4853018.00 5297742.00 6739330.00 12246454.00 14078158.00
45433134.00 56214965.00 68600006.00 89412717.00 95145636.00

372315261.00 463981066.00 606741889.00 696679279.00 752110735.00

125% 131% 115% 108%

2005-06 2006-07 2007-08 2008-09 2009-10

5234802625.00 6719356433.00 8075658103.00 8596998175.00 9876503603.00
685972478.00 808151380.00 976618305.00 1003022559.00 1148040526.00
37870798.00 49439323.00 56627407.00 50037558.00 70423046.00
159592684.00 197944874.00 268116166.00 319729522.00 239904326.00
13532900.00 15184324.00 16558222.00 17505026.00 10610577.00
12902277.00 8386399.00 9040558.00 8245183.00 7767033.00
26871007.00 26148915.00 39580105.00 43483559.00 47680594.00
15684440.00 15519713.00 21456050.00 21244892.00 18299925.00
67921995.00 70114632.00 93076144.00 116802571.00 119574190.00
23593389.00 26349009.00 28315916.00 32330992.00 41927048.00
12627383.00 19394127.00 26865102.00 23505113.00 25785531.00
59517686.00 68931508.00 92517811.00 120546860.00 140729060.00
40902764.00 39345950.00 74252257.00 91912000.00 82443968.00
181049.00 198553.00 233516.00 381932.00 406932.00
218780662.00 229993453.00 147604730.00
1061359271.00 878819869.00 411138149.00
7453332746.00 8943285009.00 9997696324.00 10675739395.00 12388839238.00

2005-06 2006-07 2007-08 2008-09 2009-10

75861851.00 93537421.00 114701493.00 135220906.00 162839036.00
16231750.00 18625285.00 24547627.00 27135654.00 26805114.00
7245799.00 11945736.00 15398181.00 31395992.00 25838979.00
53191257.00 14373034.00 62846887.00 69624532.00 18409302.00
5686977.00 6186771.00 5988632.00 19995923.00 16801033.00
13772264.00 14573612.00 15857507.00 20850606.00 31247330.00
12009760.00 13480025.00 15232068.00 14492605.00 7325900.00

183999658.00 172721884.00 254572395.00 318716218.00 289266694.00

2005-06 2006-07 2007-08 2008-09 2009-10

86939979.00 116361570.00 146770848.00 225400338.00 127911476.00
4347514.00 4923737.00 6466716.00 7176546.00 10588997.00
6080157.00 6188567.00 5644359.00 5063510.00 5739502.00
 66074502.00 71671754.00 75566404.00 63039980.00 48529757.00
41310224.00 41500635.00 47652824.00 32243193.00 30312821.00
61708896.00 85499259.00 105937542.00 107796686.00 104247214.00
4906316.00 4977107.00 7196035.00 11180678.00 9295952.00
6484762.00 8810366.00 6605847.00 6498175.00 5791097.00
21616949.00 25191281.00 27606043.00 28381444.00 26122120.00
10420030.00 9522640.00 11538146.00 16791252.00 15020014.00
9522481.00 9812401.00 9835174.00 7925443.00 8022514.00
120750951.00 144577089.00 209087213.00 219335102.00 171161437.00

7950000.00 13000000.00 16200000.00 21308871.00 26795000.00

5250000.00 15000000.00 12750000.00 12179040.00 19500000.00
128000.00 231000.00 256000.00 335000.00 435000.00

621983.00 466343.00 682790.00 1224417.00 1960989.00

165629.00 211493.00 223743.00 215129.00 205931.00
7538.00 17150.00 4520.00
14467.00 31772.00 22757.00 58849.00 63669.00
867583.00 1384757.00 2146759.00 2972609.00 2233783.00
22377498.00 8953932.00 7934634.00 31009120.00 10243181.00
177912.00 274941.00 152264.00 221997.00 193089.00
9461303.00 3429358.00 4399643.00 2384298.00 17781924.00
15527959.00 1858393.00 527263.00 3693117.00
176163.00 880841.00 4718378.00 17260087.00 1463016.00
573883.00 323483.00
502881258.00 572908381.00 711269662.00 786582736.00 647639603.00

2005-06 2006-07 2007-08 2008-09 2009-10

847864.00
5983762.00 6745867.00 6076672.00 2821810.00
24562465.00 15350330.00 46068138.00 17979197.00
95076455.00 140268961.00 116407781.00 108848054.00
7219703.00 6900951.00 1292592.00 2895052.00
24906671.00 32375041.00 31909026.00 33202616.00
24108657.00 22423352.00 17580384.00 20240847.00
5821835.00 1597985.00 6320098.00 2237791.00
7487826.00 6901614.00 6582555.00 6765653.00
3696016.00 3683501.00 4286852.00 9183290.00
212021.00 185269.00 197433.00

60571.00
185218502.00 90000000.00
185218502.00 199135982.00 233051632.00 237557231.00 294371743.00
2005-06 2006-07 2007-08 2008-09 2009-10

46200000 82300000.00 130100000.00 109900000.00 226326663.00

43600000 36600000.00 18600000.00 18700000.00 8610713.00
12800000 15600000.00 18900000.00 18500000.00

102600000.00 134500000.00 167600000.00 147100000.00 234937376.00

2005-06 2006-07 2007-08 2008-09 2009-10

43050868.00 62792330.00 114985302.00 120860339.00 103742542.00
3712344.00 1715149.00 2089356.00 447082.00 621104.00
29555683.00 51065871.00 68228527.00 140983240.00 99380841.00

4991237.00 12174152.00 15601823.00 19587492.00 11985423.00

71327658.00 103399198.00 169701362.00 242703169.00 191759064.00

12% 22% 35% 30% 61%

12% 10% 5% 5% 2%
3% 4% 5% 5% 0%

15%
22%

18%
11%
2010-11 2011-12 2012-13 2013-14 2014-15

8651833250.00 9449061242.50 10204986141.90 10919335171.83 11574495282.14

4673700000.00 5514966000.00 6480085050.00 7581699508.50 8794771429.86
13325533250.00 14964027242.50 16685071191.90 18501034680.33 20369266712.00
3638975000.00 4610701500.00 5763376875.00 7146587325.00 8861768283.00
699790000.00 769769000.00 846745900.00 931420490.00 1024562539.00
74900400.00 70406235.64 68430959.60 69498811.95 69408206.90
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
54000000.00 0.00 0.00 0.00 0.00
4700000.00 0.00 0.00 0.00 0.00
19200000.00 0.00 0.00 0.00 0.00
17778698650.00 20414903978.14 23363624926.50 26648541307.28 30325005740.90
122% 115% 114% 114% 114%

2010-11 2011-12 2012-13 2013-14 2014-15

2010-11 2011-12 2012-13 2013-14 2014-15

4914547.68 5504293.40 6164808.61 6904585.64 7733135.92
25047.00 27551.70 30306.87 33337.56 36671.31
10069511.00 10069511.00 10069511.00 10069511.00 10069511.00

9618124.00 9618124.00 9618124.00 9618124.00 9618124.00

500000.00 500000.00 500000.00 500000.00 500000.00

25127229.68 25719480.10 26382750.48 27125558.20 27957442.23

2010-11 2011-12 2012-13 2013-14 2014-15

630114008.14 686824268.87 748638453.07 816015913.85 889457346.09
19650399.01 21418934.92 23346639.06 25447836.58 27738141.87
 50982358.54 55570770.81 60572140.18 66023632.80 71965759.75
15345192.22 16726259.52 18231622.88 19872468.94 21660991.14
103708743.24 113042530.13 123216357.84 134305830.05 146393354.75

819800701.15 893582764.25 974005213.04 1061665682.21 1157215593.61

109% 109% 109% 109% 109%

2010-11 2011-12 2012-13 2013-14 2014-15

12571425185.14 14435501893.32 16520560283.93 18843344495.16 21442994699.19
1545602649.33 1774782862.10 2031131822.15 2316708149.24 2636323959.18
94810282.40 108868643.84 124593589.25 142111398.39 161717255.83
293620266.61 337157947.66 385856913.09 440108241.74 500826097.89
10610577.00 12183901.36 13943739.42 15904223.65 18098389.25
9506115.78 10915671.88 12492327.37 14248743.63 16214517.24
58356549.69 67009592.88 76688432.93 87470796.13 99538371.13
18299925.00 21013417.18 24048587.15 27429808.95 31214057.99
160982283.00 184852553.86 211552586.27 241296795.83 274586388.60
51314752.08 58923645.48 67434554.37 76915825.92 87527224.69
31559057.78 36238599.18 41472888.63 47303960.29 53830070.88
172239095.50 197778513.78 226345566.91 258169663.68 293787057.35
82443968.00 94668666.33 108342572.41 123575495.04 140624117.22
406932.00 467271.42 534763.92 609951.52 694101.15
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
15101177639.32 17340363180.26 19844998627.81 22635197549.17 25757976307.60

2010-11 2011-12 2012-13 2013-14 2014-15

193778452.84 222511702.66 254651208.17 290455066.85 330526593.12
31898085.66 36627897.72 41918417.31 47812130.13 54408348.43
30748385.01 35307720.76 40407554.49 46088840.60 52447311.83
21907069.38 25155424.85 28788864.83 32836567.78 37366739.70
19993229.27 22957802.69 26273818.96 29967907.47 34102315.60
37184322.70 42697972.01 48865250.82 55735685.66 63425047.11
8717821.00 10010489.64 11456400.95 13067166.37 14869928.17

344227365.86 395269010.35 452361515.53 515963364.86 587146283.95

2010-11 2011-12 2012-13 2013-14 2014-15

143260853.12 160452155.49 179706414.15 201271183.85 225423725.91
10588997.00 10588997.00 10588997.00 10588997.00 10588997.00
5739502.00 5739502.00 5739502.00 5739502.00 5739502.00
 43676781.30 39309103.17 35378192.85 31840373.57 28656336.21
29100308.16 27936295.83 26818844.00 25746090.24 24716246.63
104247214.00 104247214.00 104247214.00 104247214.00 104247214.00
8924113.92 8567149.36 8224463.39 7895484.85 7579665.46
5211987.30 4690788.57 4221709.71 3799538.74 3419584.87
26122120.00 26122120.00 26122120.00 26122120.00 26122120.00
15020014.00 15020014.00 15020014.00 15020014.00 15020014.00
8022514.00 8022514.00 8022514.00 8022514.00 8022514.00
171161437.00 171161437.00 171161437.00 171161437.00 171161437.00

28938600.00 31253688.00 33753983.04 36454301.68 39370645.82

21060000.00 22744800.00 24564384.00 26529534.72 28651897.50
469800.00 507384.00 547974.72 591812.70 639157.71
0.00
2117868.12 2287297.57 2470281.38 2667903.89 2881336.20
222405.48 240197.92 259413.75 280166.85 302580.20
4881.60 5272.13 5693.90 6149.41 6641.36
68762.52 74263.52 80204.60 86620.97 93550.65
1876377.72 1576157.28 1323972.12 1112136.58 934194.73
10243181.00 10243181.00 10243181.00 10243181.00 10243181.00
208536.12 225219.01 243236.53 262695.45 283711.09
19204477.92 20740836.15 22400103.05 24192111.29 26127480.19

323483.00 323483.00 323483.00 323483.00 323483.00

655814215.28 672079070.02 691467333.19 714204566.80 740555216.53

6% 2%
2010-11 2011-12 2012-13 2013-14 2014-15
101254080.00 117454732.80 140945679.36 169134815.23
2821810.00 63748800.00 76498560.00 91798272.00 110157926.40
17979197.00 69740160.00 78108979.20 93730775.04 108727699.05
108848054.00 52695360.00 60001948.80 67893064.70 76415469.88
2895052.00 24134400.00 23169024.00 22242263.04 21352572.52
33202616.00 0.00 0.00 0.00 0.00
20240847.00 2853180.00 3138498.00 3452347.80 3797582.58
2237791.00 34586640.00 38045304.00 41849834.40 46034817.84
6765653.00 26108160.00 27152486.40 27831298.56 28527081.02
5509974.00
197433.00

100800000.00
301498427.00 375120780.00 423569533.20 489743534.90 564147964.52
2010-11 2011-12 2012-13 2013-14 2014-15

331928970.62 412366071.80 469650232.33 538495517.35 619376485.71

331928970.62 412366071.80 469650232.33 538495517.35 619376485.71

2010-11 2011-12 2012-13 2013-14 2014-15

201347017.20 420629403.01 551306602.12 746738819.73 1002803587.57

201347017.20 420629403.01 551306602.12 746738819.73 1002803587.57
0 1 2 3
0%
0%
0%

2292.28 2518.52 2720.00 2910.40 3085.02

1464.62 1679.98 1973.98 2309.55 2679.08

1336.67 1708.32 2092.75 2595.02 3217.82

1068.22 1192.16 1246.45 1371.10 1508.21

6161.78 7098.98 8033.18 9186.06 10490.13

2015-16 2016-17 2017-18 2018-19 2019-20

12153220046.25 12760881048.56 13398925100.99 14068871356.04 14772314923.84

10061218515.76 11365152435.40 12690783815.47 14023011537.28 15425312691.01
22214438562.01 24126033483.97 26089708916.46 28091882893.32 30197627614.85
10775910232.13 12870747181.25 15122613108.09 17503880258.54 19984488159.46
1127018792.90 1239720672.19 1363692739.41 1500062013.35 1650068214.68
71477802.01 71317488.01 70777129.16 70188090.47 70156926.87
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
34188845389.05 38307818825.42 42646791893.11 47166013255.68 51902340915.87
113% 112% 111% 111% 110%
 3217.96 3387.13 3562.78 3742.84 3928.93
3054.06 3558.57 3895.20 4291.20 4723.38

3909.29 4703.79 5520.65 6384.30 7272.57

1665.57 1863.07 2040.09 2237.57 2447.87

11846.88 13512.56 15018.72 16655.90 18372.75

 Q4
INDUSTRY GROWTH ROCE REVENUE in LAKHS 2007-08

5-10% 15% FREIGHT 18055

15-20% 22% XPS 8901
26956.00
20-30% 18% SCS 3970
10-15% 11% SEAWAYS 1633
WINDPOWER 90
TRADING 579
REAL ESTATE 10
7.5-10% GLOBAL
UNALLOCATED CORPORATE SURPLUS 15
LESS : INTER SEGMENT REVENUE -142
TOTAL 33111.00

PROFIT IN LAKHS 2007-08

FREIGHT 871
XPS 528
1399
SCS 68
SEAWAYS 270.33

WINDPOWER 17
TRADING 6
REAL ESTATE -8
GLOBAL
UNALLOCATED CORPORATE SURPLUS
LESS : INTERSET -432
TOTAL 1320.32861143

CAPITAL EMPLOYED 2007-08

FREIGHT 12578
XPS 7915
20493
SCS 5871
SEAWAYS 7359

WINDPOWER 4844
TRADING 13
REAL ESTATE 4181
GLOBAL
UNALLOCATED CORPORATE SURPLUS 8014

TOTAL 50775

PROFIT IN PERCENTAGE 2007-08

FREIGHT 4.82%
XPS 5.93%

5.19%
SCS 1.71%
SEAWAYS 16.55%
WINDPOWER 18.89%
TRADING
REAL ESTATE
GLOBAL
UNALLOCATED CORPORATE SURPLUS

TOTAL 3.99%

REVENUE GROWTH IN % 2007-08

FREIGHT
XPS

SCS
SEAWAYS
WINDPOWER
TRADING

REAL ESTATE
GLOBAL
UNALLOCATED CORPORATE SURPLUS
LESS : INTER SEGMENT REVENUE
TOTAL

REVENUE FOR YEAR ENDED 2008-09

FREIGHT 6896.10
XPS 3469.70
ALL FIGURES IN RS MILLION 10365.80
SCS 1679.60
SEAWAYS 671.10

WINDPOWER 72.60
TRADING 233.80
REAL ESTATE 1.00
GLOBAL 106.30
UNALLOCATED CORPORATE SURPLUS 17.40
LESS : INTER SEGMENT REVENUE -103.40
TOTAL 13044.20

INCREASE IN REVENUE YoY IN % 2008-09

FREIGHT
XPS
ALL FIGURES IN RS MILLION
SCS
SEAWAYS
WINDPOWER
TRADING
REAL ESTATE
GLOBAL
UNALLOCATED CORPORATE SURPLUS
LESS : INTER SEGMENT REVENUE
TOTAL

PROFIT FOR YEAR 2008-09

FREIGHT 269.20
XPS 180.60
ALL FIGURES IN RS MILLION 449.80
SCS 104.00
SEAWAYS 96.20
WINDPOWER 31.60
TRADING 3.00
REAL ESTATE -1.30
GLOBAL -9.30

UNALLOCATED CORPORATE SURPLUS -35.70

LESS : INTER SEGMENT REVENUE -239.10
TOTAL 399.20

INCREASE IN PROFIT YoY % GROWTH 2008-09

FREIGHT
XPS
ALL FIGURES IN RS MILLION
SCS
SEAWAYS
WINDPOWER
TRADING
REAL ESTATE
GLOBAL
UNALLOCATED CORPORATE SURPLUS
LESS : INTER SEGMENT REVENUE
TOTAL
ALL FIGURES IN LAKHS 2008-09
CAPITAL EMPLOYED/SALES 34.92%
CAPITAL EMPLOYED in millions
CAPEX
CAPEX PER SHARE
SALES 13044.20
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2008-09 2008-09 2008-09 2008-09 2009-10 2009-10 2009-10 2009-10

16705 17773 16954 17529 16100 17925 18898 19811

8518 8948 8783 8448 8304 9224 10211 10665
25223.00 26721.00 25737.00 25977.00 24404.00 27149.00 29109.00 30476.00
4016 4492 4081 4207 4173 5788 6984 7839
1567 1818 1593 1733 1705 1667 1414 1558
396 175 75 80 224 352 106 69
653 614 584 487 512 497 485 10
2 2 3 3 2 2 1 9
396 360 307 216 209 158 260
100 38 21 15 239 24 6 19
-277 -359 -256 -142 -108 -170 -131 5
31680.00 33897.00 32198.00 32667.00 31367.00 35518.00 38132.00 40245.00

2008-09 2008-09 2008-09 2008-09 2009-10 2009-10 2009-10 2009-10

384 238 602 1468 397 616 666 1181
554 614 638 605 684 790 932
938 238 1216 2106 1002 1300 1456 2113
210 214 220 396 319 315 426 583
80 304 211 367 247 331 286 218

289 71 -30 -14 128 256 10 -21

11 7 8 4 13 8 7 -5
-6 -5 -4 2 -5 -7 -7 6
-40 -12 -41 -43 -19 -73 -89
-10 63 -5 -405 90 -128 20 21
-549 -507 -755 -580 -549 -465 -422 -520
963 345 849 1835 1202 1591 1703 2306

2008-09 2008-09 2008-09 2008-09 2009-10 2009-10 2009-10 2009-10

12630 12629 12195 12995 12812 13143 14574 14703
7304 8223 7904 7929 7636 8127 8357 8679
19934 20852 20099 20924 20448 21270 22931 23382
5723 5667 5487 5587 5041 6414 7141 7950
7057 7170 6930 S 7036 7134 7207 7512

5134 5025 4743 4537 4689 4472 4276 4183

35 10 32 17 37 32 31
3322 3317 3312 3277 3272 5702 4582 5276
0 39 132 200 200 262 249 304
 10430 11227 11357 11013 11733 9755 12064 12347

51635 53307 52092 45555 52456 55041 58481 60954

2008-09 2008-09 2008-09 2008-09 2009-10 2009-10 2009-10 2009-10

2.30% 1.34% 3.55% 8.37% 2.47% 3.44% 3.52% 5.96%
6.50% 0.00% 6.99% 7.55% 7.29% 7.42% 7.74% 8.74%

3.72% 0.89% 4.72% 8.11% 4.11% 4.79% 5.00% 6.93%

5.23% 4.76% 5.39% 9.41% 7.64% 5.44% 6.10% 7.44%
5.11% 16.72% 13.25% 21.18% 14.49% 19.86% 20.23% 13.99%
72.98% 40.57% -40.00% -17.50% 57.14% 72.73% 9.43% -30.43%

3.04% 1.02% 2.64% 5.62% 3.83% 4.48% 4.47% 5.73%

2008-09 2008-09 2008-09 2008-09 2009-10 2009-10 2009-10 2009-10

-3% -4% 1% 11% 13%
-5% -3% 3% 16% 26%
-4% -3% 2% 13% 17%
6% 4% 29% 71% 86%
6% 9% -8% -11% -10%

100% 139% 55% 40% 62%

100% 239% 63% 29% 127%
100% 39% 47% 51% -4%
-1% -1% 5% 18% 23%

2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

7273.40 8651.83 9449.06 10204.99 10919.34 11574.50 12153.22 12760.88
3840.40 4673.70 5514.97 6480.09 7581.70 8794.77 10061.22 11365.15
11113.80 13325.53 14964.03 16685.07 18501.03 20369.27 22214.44 24126.03
2478.40 3638.98 4610.70 5763.38 7146.59 8861.77 10775.91 12870.75
634.40 699.79 769.77 846.75 931.42 1024.56 1127.02 1239.72

75.10 74.90 70.41 68.43 69.50 69.41 71.48 71.32

150.40 0.00 0.00 0.00 694.99 694.08
1.40 0.00 0.00 0.00 0.00 0.00
84.30 54.00 0.00 0.00 0.00 0.00
28.80 4.70 0.00 0.00 0.00 0.00
 -40.40 -192.00 0.00 0.00 0.00 0.00
14526.20 17605.90 20414.90 23363.62 27343.53 31019.09 34188.85 38307.82

2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

5.47% 18.95% 9.21% 8.00% 7.00% 6.00% 5.00% 5.00%
10.68% 21.70% 18.00% 17.50% 17.00% 16.00% 14.40% 12.96%
7.22% 19.90% 12.30% 11.50% 10.88% 10.10% 9.06% 8.61%
47.56% 46.83% 26.70% 25.00% 24.00% 24.00% 21.60% 19.44%
-5.47% 10.31% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
3% 0% -6% -3% 2% 0% 3% 0%
-36% -100% #DIV/0! #DIV/0! #DIV/0! 0%
40% -100% #DIV/0! #DIV/0! #DIV/0! #DIV/0!
-21% -36% -100% #DIV/0! #DIV/0! #DIV/0!
66% -84% -100% #DIV/0! #DIV/0! #DIV/0!
-61% 375% -100% #DIV/0! #DIV/0! #DIV/0!
11.36% 21.20% 15.95% 14.44% 17.03% 13.44% 10.22% 12.05%

2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

286.00 343.84 377.78 408.00 436.56 462.75 482.69 508.07
301.10 322.22 369.60 434.27 508.10 589.40 671.89 782.89
587.10 666.06 747.37 842.27 944.66 1052.15 1154.59 1290.96
164.30 240.60 307.50 376.70 467.10 579.21 703.67 846.68
108.20 117.50 131.14 137.11 150.82 165.90 183.21 204.94
37.30 11.60 26.83 25.24 21.23 24.43 25.47 24.61
2.30 0.00
-1.30 -0.90
-22.40 -4.00

0.30 -4.70
-195.60 -49.90
680.20 976.26 1212.84 1381.32 1583.81 1821.70 2066.94 2367.18

2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

6.24% 20.22% 9.87% 8.00% 7.00% 6.00% 4.31% 5.26%
66.72% 7.01% 14.70% 17.50% 17.00% 16.00% 14.00% 16.52%

57.98% 46.44% 27.80% 22.50% 24.00% 24.00% 21.49% 20.32%

12.47% 8.60% 11.60% 4.55% 10.00% 10.00% 10.43% 11.86%

70.39% 43.53% 24.23% 13.89% 14.66% 15.02% 13.46% 14.53%

2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17
41.96% 35.97% 34.00% 33.00% 32.00% 32.00% 30.00% 30.00%
6333.40 6941.07 7710.00 8749.93 9926.11 10256.65 11492.35
607.67 768.93 1039.93 1176.18 330.55 1235.69
0.84 1.06 1.43 1.62 0.46 1.70
14526.20 17605.90 20414.90 23363.62 27343.53 31019.09 34188.85 38307.82
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2010 2010 2010 2010 2011-12 2011-12 2011-12 2011-12

18563 21117.44 22866.58 23971.31 20419.30 23018.01 24924.57 26128.73

10617 11068.80 12253.20 12798.00 12528.06 13061.18 14458.78 15101.64
29180.00 32186.24 35119.78 36769.31 32947.36 36079.20 39383.35 41230.37
7732 10129.00 8730.00 9798.75 9896.96 12863.83 10999.80 12346.43
1895 1833.70 1555.40 1713.80 2084.50 2017.07 1710.94 1885.18
217 178.40 187.24 166.36 165.50 174.55 184.01 180.01

540
47
-192
39419.00 44327.34 45592.42 48448.22 45094.32 51134.65 52278.09 55641.98

2010 2010.00 2010.00 2010.00 2011-12 2011-12 2011-12 2011-12

407 504.25 808.90 1718.27 473.53 549.63 881.70 1872.91
867 410.40 902.30 1042.46 916.87 484.27 1064.71 1230.10
1274 914.65 1711.20 2760.72 1390.40 1033.90 1946.41 3103.01
562 516.90 501.56 825.55 705.32 787.47 691.00 891.18
278 335.36 260.31 301.37 329.40 366.65 303.38 311.95

116

-9
-40
-47
-499
1635 1766.91 2473.07 3887.64 2425.13 2188.02 2940.79 4306.14

2010 2010 2010 2010 2011-12 2011-12 2011-12 2011-12

14548
8854
23402 0 0 0 0 0 0 0
10378
7655

4190

4764
393
 12552

63334 0 0 0 0 0 0 0

2010 2010 2010 2010 2011-12 2011-12 2011-12 2011-12

2.19% 2.39% 3.54% 7.17% 2.32% 2.39% 3.54% 7.17%
8.17% 3.71% 7.36% 8.15% 7.32% 3.71% 7.36% 8.15%

4.37% 2.84% 4.87% 7.51% 4.22% 2.87% 4.94% 7.53%

7.27% 5.10% 5.75% 8.43% 7.13% 6.12% 6.28% 7.22%
14.67% 18.29% 16.74% 17.58% 15.80% 18.18% 17.73% 16.55%
53.46%

4.15% 3.99% 5.42% 8.02% 5.38% 4.28% 5.63% 7.74%

2010 2010 2010 2010 2011-12 2011-12 2011-12 2011-12

15% 18% 21% 21%
28% 20% 20% 20%
20% 19% 21% 21%
85% 75% 25% 25%
11% 10% 10% 10%

99%
20%
178%
26% 25% 20% 20%

2017-18 2018-19 2019-2020

13398.93 14068.87 14772.31
12690.78 14023.01 15425.31
26089.71 28091.88 30197.63
15122.61 17503.88 19984.49
1363.69 1500.06 1650.07

70.78 70.19 70.16

 42646.79 47166.01 51902.34

2017-18 2018-19 2019-2020

5.00% 5.00% 5.00%
11.66% 10.50% 10.00%
8.14% 7.67% 7.50%
17.50% 15.75% 14.17%
10.00% 10.00% 10.00%
-1% -1% 0%

11.33% 10.60% 10.04%

2017-18 2018-19 2019-2020 2008-09 2009-10 2010-11 2011-12

534.42 561.43 589.34 3.90% 3.93% 3.97% 4.00%
856.94 944.06 1039.14 5.21% 7.84% 6.89% 6.70%
1391.36 1505.49 1628.48 4.34% 5.28% 5.00% 4.99%
993.72 1149.17 1309.06 6.19% 6.63% 6.61% 6.67%
224.41 246.13 269.27 14.33% 17.06% 16.79% 17.04%
22.89 24.39 24.04 43.53% 49.67% 15.49% 38.11%

2632.38 2925.18 3230.85 3.06% 4.68% 5.55% 5.94%

2017-18 2018-19 2019-2020

5.19% 5.05% 4.97%
9.46% 10.17% 10.07%

17.37% 15.64% 13.91%

9.50% 9.68% 9.40%

11.20% 11.12% 10.45%

2017-18 2018-19 2019-2020
30.00% 30.00% 30.00%
12794.04 14149.80 15570.70
1301.69 1355.77 1420.90
1.79 1.87 1.96
42646.79 47166.01 51902.34
Q1 Q2 Q3 Q4 Q1 Q2 Q3
2012-13 2012-13 2012-13 2012-13 2013-14 2013-14 2013-14

22052.84 24859.45 26918.54 28219.03 23596.54 26599.62 28802.84

14720.47 15346.89 16989.06 17744.43 17222.95 17955.86 19877.20
36773.31 40206.34 43907.60 45963.45 40819.49 44555.48 48680.04
12371.20 16079.79 13749.75 15433.03 15340.29 19938.94 17049.69
2292.95 2218.78 1882.03 2073.70 2522.25 2440.65 2070.24
162.81 168.49 178.44 174.58 174.20 172.89 173.55

51600.27 58673.40 59717.82 63644.76 58856.22 67107.96 67973.51

2012-13 2012-13 2012-13 2012-13 2013-14 2013-14 2013-14

511.41 593.60 952.24 2022.74 547.21 635.15 1018.90
1077.33 569.02 1251.03 1445.37 1260.47 665.75 1463.71
1588.74 1162.62 2203.27 3468.11 1807.68 1300.91 2482.61
843.36 861.52 808.40 1253.67 1045.77 1068.28 1002.42
286.99 405.17 319.66 359.28 315.69 445.69 351.63

2719.09 2429.31 3331.34 5081.06 3169.14 2814.88 3836.65

2012-13 2012-13 2012-13 2012-13 2013-14 2013-14 2013-14

0 0 0 0 0 0 0
 0 0 0 0 0 0 0

2012-13 2012-13 2012-13 2012-13 2013-14 2013-14 2013-14

2.32% 2.39% 3.54% 7.17% 2.32% 2.39% 3.54%
7.32% 3.71% 7.36% 8.15% 7.32% 3.71% 7.36%

4.32% 2.89% 5.02% 7.55% 4.43% 2.92% 5.10%

6.82% 5.36% 5.88% 8.12% 6.82% 5.36% 5.88%
12.52% 18.26% 16.98% 17.33% 12.52% 18.26% 16.98%

5.27% 4.14% 5.58% 7.98% 5.38% 4.19% 5.64%

2012-13 2012-13 2012-13 2012-13 2013-14 2013-14 2013-14

 PROJECTED PROFIT PERCENTAGE
2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19
4.00% 4.00% 4.00% 3.97% 3.98% 3.99% 3.99%
6.70% 6.70% 6.70% 6.68% 6.89% 6.75% 6.73%
5.05% 5.11% 5.17%
6.54% 6.54% 6.54% 6.53% 6.58% 6.57% 6.57%
16.19% 16.19% 16.19% 16.26% 16.53% 16.46% 16.41%
36.89% 30.54% 35.20% 35.63% 34.51% 32.34% 34.75%

5.91% 5.79% 5.87% 6.05% 6.18% 6.17% 6.20%

Q4 Q1 Q2 Q3 Q4
2013-14 2014-15 2014-15 2014-15 2014-15 90000

80000
30194.36 25012.34 28195.59 30531.01 32006.02
20760.98 19978.62 20828.80 23057.55 24082.74 70000
50955.34 44990.96 49024.39 53588.56 56088.76
19136.96 19021.96 24724.28 21141.62 23729.83 60000
2281.07 2774.47 2684.72 2277.26 2509.17
50000
174.35 174.33 173.36 172.70 173.69

40000

30000

20000

72547.71 66961.72 76606.76 77180.14 82501.45

10000

2013-14 2014-15 2014-15 2014-15 2014-15 0

8 9 9 9 9 0
2164.34 580.04 673.26 1080.03 2294.20 7 -0 8 -0 8 -0 8 -0 8 -0 9 -1
1691.08 1462.15 772.27 1697.90 1961.65 2 00 2 00 2 00 2 00 2 00 2 00 20
3855.42 2042.19 1445.53 2777.93 4255.85
1554.55 1296.76 1324.67 1243.00 1927.65
395.20 347.26 490.26 386.79 434.73
7000

6000

5000

5805.17 3686.20 3260.46 4407.72 6618.22

4000
2013-14 2014-15 2014-15 2014-15 2014-15

3000
0 0 0 0 0

2000

1000

0
8 9 9 9 9 0
7 -0 8 -0 8 -0 8 -0 8 -0 9 -1
2 00 2 00 2 00 2 00 2 00 2 00 2
 1000

0
8 9 9 9 9 0
7 -0 8 -0 8 -0 8 -0 8 -0 9 -1
2 00 2 00 2 00 2 00 2 00 2 00 2
0 0 0 0 0

2013-14 2014-15 2014-15 2014-15 2014-15 25.00%

7.17% 2.32% 2.39% 3.54% 7.17%
8.15% 7.32% 3.71% 7.36% 8.15%

7.57% 4.54% 2.95% 5.18% 7.59%

8.12% 6.82% 5.36% 5.88% 8.12% 20.00%
17.33% 12.52% 18.26% 16.98% 17.33%

15.00%

8.00% 5.50% 4.26% 5.71% 8.02% 10.00%

2013-14 2014-15 2014-15 2014-15 2014-15

5.00%

0.00%
- 08 - 09 - 09 - 09 - 09 - 10
07 08 08 08 08 09
20 20 20 20 20 20

60000.00

50000.00

40000.00

30000.00

20000.00
 30000.00

20000.00

10000.00

0.00
2008-09 2009-10 2010-11

2019-2020
3.99% 3500.00
6.74%

6.55% 3000.00
16.32%
34.27%

2500.00

2000.00
6.22%

1500.00

1000.00

500.00

0.00
2008-09 2009-10 2010-11
0.00
2008-09 2009-10 2010-11
09 -0
9
-0
9
-1
0
-1
0
-1
0
-1
0 10 10 10 10 -1
2
-1
2
-1
2
-1
2
-1
3
-1
3
-1
3
-1
3
-1
4
8 8 9 9 9 9 20 20 20 20 1 1 1 1 2 2 2 2 3
2 00 2 00 2 00 2 00 2 00 2 00 2 01 2 01 2 01 2 01 2 01 2 01 2 01 2 01 2 01

-0
9
-0
9
-0
9
-1
0
-1
0
-1
0
-1
0 10 10 10 10 -1
2
-1
2
-1
2
-1
2
-1
3
-1
3
-1
3
-1
3
-1
4
8 8 9 9 9 9 20 20 20 20 1 1 1 1 2 2 2 2 3
2 00 2 00 2 00 2 00 2 00 2 00 2 01 2 01 2 01 2 01 2 01 2 01 2 01 2 01 2 01
-0
9
-0
9
-0
9
-1
0
-1
0
-1
0
-1
0 10 10 10 10 -1
2
-1
2
-1
2
-1
2
-1
3
-1
3
-1
3
-1
3
-1
4
8 8 9 9 9 9 20 20 20 20 1 1 1 1 2 2 2 2 3
2 00 2 00 2 00 2 00 2 00 2 00 2 01 2 01 2 01 2 01 2 01 2 01 2 01 2 01 2 01

09 09 09 10 10 10 10 10 10 10 10 12 12 12 12 13 13 13 13 14
8- 08
-
08
-
09
-
09
-
09
-
09
-
20 20 20 20 11
-
11
-
11
-
11
-
12
-
12
-
12
-
12
-
13
-
20 20 20 20 20 20 20 20 20 20 20 20 20 20 20
-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-

2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-
 FREIGHT
XPS
SCS
SEAWAYS
TOTAL

3 3 3 4 4 4 4 5 5 5 5
-1 2 -1 2 -1 3 -1 3 -1 3 -1 3 -1 4 -1 4 -1 4 -1 4 -1
2 01 2 01 2 01 2 01 2 01 2 01 2 01 2 01 2 01 2 01

FREIGHT
XPS
SCS
SEAWAYS
TOTAL

3 3 3 4 4 4 4 5 5 5 5
2 -1 2 -1 2 -1 3 -1 3 -1 3 -1 3 -1 4 -1 4 -1 4 -1 4 -1
01 2 01 2 01 2 01 2 01 2 01 2 01 2 01 2 01 2 01 2 01
 3 3 3 4 4 4 4 5 5 5 5
2 -1 2 -1 2 -1 3 -1 3 -1 3 -1 3 -1 4 -1 4 -1 4 -1 4 -1
01 2 01 2 01 2 01 2 01 2 01 2 01 2 01 2 01 2 01 2 01

FREIGHT
XPS
SCS
SEAWAYS
TOTAL

13 13 13 14 14 14 14 15 15 15 15
2- 12
-
12
-
13
-
13
-
13
-
13
-
14
-
14
-
14
-
14
-
20 20 20 20 20 20 20 20 20 20

FREIGHT
XPS
SCS
SEAWAYS
TOTAL
 FREIGHT
XPS
SCS
SEAWAYS
TOTAL

6 2016-17 2017-18 2018-19 2019-2020

FREIGHT XPS

SCS SEAWAYS

TOTAL

2016-17 2017-18 2018-19 2019-2020

2016-17 2017-18 2018-19 2019-2020