CENTURY

TEXTILES

BY: TANVI. R
DESHMUKH
CLASS: S.Y.B.M.S. DIV: A
ROLL NO: 57
 INTRODUCTION
• 100% Cotton

• Fashion fabrics ,yarn , denim & apparel

• Production

• Charter Member of Cotton Gold

Alliance

• Oekotex Certificate
HISTORY
• Incorporated in 1897

• A technical collaboration
in 1960

• 1987 – Century Textiles

Industry Ltd

• 1951 – Cotton Textile Mills

 BACKGROUND
• Modernization & technological up
gradation

• Winner of Rajiv Gandhi National

Quality Award.

• Accredited with IS/ISO9001:2000

quality system.

• Accredited with ISO 14001

Environmental Management
System.
 Year Month Dividend (%)
2010 May 55
2009 May 45
2008 May 45
2007 Mar 38
2006 May 30
2005 May 25
 Ex Bonus
Year Month Ratio
Date
1997 Aug 1:1 01/09/1997
1991 Sep 3:5 06/09/1991
1986 Oct 2:3 -
1980 Oct 1:2 -
1977 Oct 1:2 -
1972 Oct 1:1 -
1968 Oct 1:8 -
RATIOS 2006 2007 2008 2009 2010

CURRENT RATIO 1.30 1.32 1.15 1.21 1.18

QUICK RATIO 0.65 0.74 0.57 0.67 0.61

NET EQUITY 1.12 1.23 1.10 1.19 1.35

STOCK 8.19 11.20 9.12 9.46 7.43

TURNOVER RATIO

OPERATING 34.29 63.16 76.18 71.29 98.82

PROFITS RATIO
 VERTICAL COMPARITIVE REVENUE STATEMENT AS ON 31ST MARCH 2006-07.

PARTICULARS 2006 2007 INC/DEC %INC/DEC

INCOME
OPEARTING INCOME 2,639.34 3,179.42 540.08 20.46269
EXPENSES
MATERIALS CONSUMED 934.33 1,090.60 156.27 16.72535
MAUFACTURING EXP 610.16 623.88 13.72 2.248591
PERSONNEL EXP 292.02 367.57 75.55 25.87152
SELLING EXP 399.77 388.31 -11.46 -2.86665
ADMINISTRATIVE EXP 86.79 124.14 37.35 43.03491
EXPENSES CAPITALISED -2.79 -2.77 0.02 -0.71685
COST OF SALES 2,320.28 2,591.73 271.45 11.69902
OPEARTING PROFIT 319.06 587.69 268.63 84.1942
OTHER RECURRING INCOME 35.91 35.59 -0.32 -0.89112
ADJUSTED PBDIT 354.97 623.28 268.31 75.58667
FINANCIAL EXP 48.84 64.51 15.67 32.08436
DEPRECIATION 134.46 135.19 0.73 0.542912
OTHER WRITE OFFS 13.22 2.3 -10.92 -82.6021
ADJUSTED PBT 158.45 421.28 262.83 165.8757
TAX CHARGES 81.62 79.79 -1.83 -2.2421
ADJUSTED PAT 76.83 341.49 264.66 344.4748
NONRECURRING ITEMS 33.36 -70.68 -104.04 -311.871
OTHER NON CASH ADJ. -1.14 2 3.14 -275.439
REPORTED NET PROFIT 109.05 272.81 163.76 150.1696
EARNINGS BEFORE APPROPRIATIONS 183.91 349.89 165.98 90.25067
EQUITY DIVIDEND 27.91 34.89 6.98 25.00896
PREFERENCE DIVIDEND - - - -
DIVIDEND TAX 3.92 4.89 0.97 24.7449
RETAINED EARNINGS 152.08 310.11 158.03 103.9124
 VERTICAL COMPARITIVE REVENUE STATEMENT AS ON 31ST MARCH 2007-08

PARTICULARS 2007 2008 INC/DEC %INC/DEC

INCOME
OPEARTING INCOME 3,179.42 3,501.61 322.19 10.13361
EXPENSES
MATERIALS CONSUMED 1,090.60 1,254.15 163.55 14.99633
MAUFACTURING EXP 623.88 688.76 64.88 10.39944
PERSONNEL EXP 367.57 280.68 -86.89 -23.639
SELLING EXP 388.31 418.65 30.34 7.813345
ADMINISTRATIVE EXP 124.14 159.33 35.19 28.34703
EXPENSES CAPITALISED -2.77 -8.74 -5.97 215.5235
COST OF SALES 2,591.73 2,792.83 201.10 7.759296
OPEARTING PROFIT 587.69 708.78 121.09 20.6044
OTHER RECURRING INCOME 35.59 33.52 -2.07 -5.81624
ADJUSTED PBDIT 623.28 742.3 119.02 19.09575
FINANCIAL EXP 64.51 92.86 28.35 43.94667
DEPRECIATION 135.19 168.58 33.39 24.69857
OTHER WRITE OFFS 2.3 2.62 0.32 13.91304
ADJUSTED PBT 421.28 478.24 56.96 13.5207
TAX CHARGES 79.79 94.3 14.51 18.18524
ADJUSTED PAT 341.49 383.94 42.45 12.43082
NONRECURRING ITEMS -70.68 -89.09 -18.41 26.04697
OTHER NON CASH ADJ. 2 -15.42 -17.42 -871
REPORTED NET PROFIT 272.81 279.43 6.62 2.426597
EARNINGS BEFORE APPROPRIATIONS 349.89 389.54 39.65 11.33213
EQUITY DIVIDEND 34.89 41.87 6.98 20.00573
PREFERENCE DIVIDEND - - - -
DIVIDEND TAX 4.89 7.12 2.23 45.60327
RETAINED EARNINGS 310.11 340.55 30.44 9.815872
 VERTICAL COMPARITIVE REVENUE STATEMENT AS ON 31ST MARCH 2008-09

PARTICULARS 2008` 2009 INC/DEC %INC/DEC

INCOME
OPEARTING INCOME 3,501.61 3,882.10 380.49 10.86614
EXPENSES
MATERIALS CONSUMED 1,254.15 1,386.93 132.78 10.58725
MAUFACTURING EXP 688.76 852.83 164.07 23.82107
PERSONNEL EXP 280.68 312.52 31.84 11.34388
SELLING EXP 418.65 533.27 114.62 27.37848
ADMINISTRATIVE EXP 159.33 153.74 -5.59 -3.50844
EXPENSES CAPITALISED -8.74 -20.53 -11.79 134.897
COST OF SALES 2,792.83 3,218.76 425.93 15.25084
OPEARTING PROFIT 708.78 663.34 -45.44 -6.41102
OTHER RECURRING INCOME 33.52 35.22 1.70 5.071599
ADJUSTED PBDIT 742.3 698.56 -43.74 -5.8925
FINANCIAL EXP 92.86 103.01 10.15 10.93043
DEPRECIATION 168.58 205.28 36.70 21.77008
OTHER WRITE OFFS 2.62 10.89 8.27 315.6489
ADJUSTED PBT 478.24 379.38 -98.86 -20.6716
TAX CHARGES 94.3 82.15 -12.15 -12.8844
ADJUSTED PAT 383.94 297.23 -86.71 -22.5843
NONRECURRING ITEMS -89.09 -44.43 44.66 -50.1291
OTHER NON CASH ADJ. -15.42 -16.26 -0.84 5.447471
REPORTED NET PROFIT 279.43 236.54 -42.89 -15.3491
EARNINGS BEFORE APPROPRIATIONS 389.54 377.09 -12.45 -3.19608
EQUITY DIVIDEND 41.87 41.87 0.00 0
PREFERENCE DIVIDEND - - - -
DIVIDEND TAX 7.12 7.12 0.00 0
RETAINED EARNINGS 340.55 328.1 -12.45 -3.65585
VERTICAL COMPARITIVE REVENUE STATEMENT AS ON 2009-10

PARTICULARS 2009 2010 INC/DEC %INC/DEC

INCOME
OPEARTING INCOME 3,882.10 4,504.79 622.69 16.04003
EXPENSES
MATERIALS CONSUMED 1,386.93 1,479.09 92.16 6.644892
MAUFACTURING EXP 852.83 993.42 140.59 16.48511
PERSONNEL EXP 312.52 336.29 23.77 7.605913
SELLING EXP 533.27 649.1 115.83 21.7207
ADMINISTRATIVE EXP 153.74 172.84 19.10 12.42357
EXPENSES CAPITALISED -20.53 -45.41 -24.88 121.1885
COST OF SALES 3,218.76 3,585.33 366.57 11.38855
OPEARTING PROFIT 663.34 919.46 256.12 38.61067
OTHER RECURRING INCOME 35.22 43.83 8.61 24.44634
ADJUSTED PBDIT 698.56 963.29 264.73 37.89653
FINANCIAL EXP 103.01 140.16 37.15 36.06446
DEPRECIATION 205.28 234.47 29.19 14.2196
OTHER WRITE OFFS 10.89 0.61 -10.28 -94.3985
ADJUSTED PBT 379.38 588.05 208.67 55.0029
TAX CHARGES 82.15 167.37 85.22 103.7371
ADJUSTED PAT 297.23 420.68 123.45 41.53349
NONRECURRING ITEMS -44.43 -79.43 -35.00 78.7756
OTHER NON CASH ADJ. -16.26 -1.78 14.48 -89.0529
REPORTED NET PROFIT 236.54 339.47 102.93 43.51484
EARNINGS BEFORE APPROPRIATIONS 377.09 517.57 140.48 37.25371
EQUITY DIVIDEND 41.87 51.18 9.31 22.23549
PREFERENCE DIVIDEND - - - -
DIVIDEND TAX 7.12 8.5 1.38 19.38202
RETAINED EARNINGS 328.1 457.89 129.79 39.55806
VERTICAL COMMON SIZE REVENUE
STATEMENT AS ON

PARTICULARS 2006 % INC/DEC 2007 % INC/DEC 2008 %INC/DEC 2009 %INC/DEC 2010 %INC/DEC
INCOME
OPEARTING INCOME 2,639.34 113.7509266 3,179.42 122.6755873 3,501.61 125.3785586 3,882.10 120.6085573 4,504.79 125.645059
EXPENSES
MATERIALS CONSUMED 934.33 40.2679849 1,090.60 42.08000062 1,254.15 44.90606302 1,386.93 43.0889535 1,479.09 41.25394314
MAUFACTURING EXP 610.16 26.29682625 623.88 24.07195194 688.76 24.66172305 852.83 26.495607 993.42 27.707909
PERSONNEL EXP 292.02 12.58555002 367.57 14.18241869 280.68 10.05002094 312.52 9.70932905 336.29 9.3796108
SELLING EXP 399.77 17.22938611 388.31 14.98265637 418.65 14.99017125 533.27 16.56756017 649.1 18.10433069
ADMINISTRATIVE EXP 86.79 3.740496837 124.14 4.789850795 159.33 5.704965929 153.74 4.776373509 172.84 4.820755689
EXPENSES CAPITALISED -2.79 -0.12024411 -2.77 -0.106878417 -8.74 -0.312944217 -20.53 -0.63782326 -45.41 -1.26655008
COST OF SALES 2,320.28 100 2,591.73 100 2,792.83 100 3,218.76 100 3,585.33 100
OPEARTING PROFIT 319.06 13.75092661 587.69 22.67558735 708.78 25.37855866 663.34 20.60855733 919.46 25.64505916
OTHER RECURRING INCOME 35.91 1.547658041 35.59 1.373214031 33.52 1.200216267 35.22 1.094210192 43.83 1.222481612
ADJUSTED PBDIT 354.97 15.29858465 623.28 24.04880138 742.3 26.57877493 698.56 21.70276752 963.29 26.86754077
FINANCIAL EXP 48.84 2.104918372 64.51 2.489071007 92.86 3.324942799 103.01 3.200300736 140.16 3.909263581
DEPRECIATION 134.46 5.79499026 135.19 5.216206935 168.58 6.036171194 205.28 6.393766542 234.47 6.539704851
OTHER WRITE OFFS 13.22 0.569758822 2.3 0.088743812 2.62 0.093811653 10.89 0.338329045 0.61 0.017013776
ADJUSTED PBT 158.45 6.8289172 421.28 16.25477963 478.24 17.12384928 379.38 11.78652648 588.05 16.40155856
TAX CHARGES 81.62 3.517678901 79.79 3.078638593 94.3 3.376503402 82.15 2.55222508 167.37 4.668189537
ADJUSTED PAT 76.83 3.311238299 341.49 13.17614103 383.94 13.74734588 297.23 9.234301406 420.68 11.733369
NONRECURRING ITEMS 33.36 1.437757512 -70.68 -2.727135929 -89.09 -3.189954275 -44.43 -1.380345225 -79.43 -2.215416711
OTHER NON CASH ADJ. -1.14 -0.049132 2 0.077168532 -15.42 -0.552128128 -16.26 -0.505163479 -1.78 -0.049646754
REPORTED NET PROFIT 109.05 4.69986381 272.81 10.52617364 279.43 10.00526347 236.54 7.348792019 339.47 9.468305565
EARNINGS BEFORE APPROPRIATIONS 183.91 7.926198562 349.89 13.50024887 389.54 13.94785933 377.09 11.715381 517.57 14.4357702
EQUITY DIVIDEND 27.91 1.202872067 34.89 1.346205045 41.87 1.499196155 41.87 1.300811489 51.18 1.427483662
PREFERENCE DIVIDEND - - - - -
DIVIDEND TAX 3.92 0.168945127 4.89 0.188677061 7.12 0.2549385 7.12 0.221203196 8.5 0.2370772
RETAINED EARNINGS 152.08 6.554381368 310.11 11.96536676 340.55 12.19372464 328.1 10.19336639 457.89 12.77120934
 VERTICAL TREND REVENUE STATEMENT

TREND PERCENTAGE

PARTICULARS 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010
INCOME
OPEARTING INCOME 2,639.34 3,179.42 3,501.61 3,882.10 4,504.79 100.00 120.4627 132.6699 147.086 170.6787
EXPENSES
MATERIALS CONSUMED 934.33 1,090.60 1,254.15 1,386.93 1,479.09 100.00 116.7254 134.2299 148.4411 158.3049
MAUFACTURING EXP 610.16 623.88 688.76 852.83 993.42 100 102.2486 112.8819 139.7715 162.813
PERSONNEL EXP 292.02 367.57 280.68 312.52 336.29 100 125.8715 96.1167 107.0201 115.1599
SELLING EXP 399.77 388.31 418.65 533.27 649.1 100 97.13335 104.7227 133.3942 162.3684
ADMINISTRATIVE EXP 86.79 124.14 159.33 153.74 172.84 100 143.0349 183.5811 177.1402 199.1474
EXPENSES CAPITALISED -2.79 -2.77 -8.74 -20.53 -45.41 100 99.28315 313.2616 735.8423 1627.599
COST OF SALES 2,320.28 2,591.73 2,792.83 3,218.76 3,585.33 100 111.699 120.3661 138.7229 154.5214
OPEARTING PROFIT 319.06 587.69 708.78 663.34 919.46 100 184.1942 222.1463 207.9045 288.1778
OTHER RECURRING INCOME 35.91 35.59 33.52 35.22 43.83 100 99.10888 93.34447 98.07853 122.0551
ADJUSTED PBDIT 354.97 623.28 742.3 698.56 963.29 100 175.5867 209.1163 196.7941 271.3722
FINANCIAL EXP 48.84 64.51 92.86 103.01 140.16 100 132.0844 190.131 210.9132 286.9779
DEPRECIATION 134.46 135.19 168.58 205.28 234.47 100 100.5429 125.3756 152.6699 174.379
OTHER WRITE OFFS 13.22 2.3 2.62 10.89 0.61 100 17.39788 19.81846 82.37519 4.614221
ADJUSTED PBT 158.45 421.28 478.24 379.38 588.05 100 265.8757 301.8239 239.432 371.1265
TAX CHARGES 81.62 79.79 94.3 82.15 167.37 100 97.7579 115.5354 100.6494 205.06
ADJUSTED PAT 76.83 341.49 383.94 297.23 420.68 100 444.4748 499.7267 386.8671 547.5465
NONRECURRING ITEMS 33.36 -70.68 -89.09 -44.43 -79.43 100 -211.871 -267.056 -133.183 -238.1
OTHER NON CASH ADJ. -1.14 2 -15.42 -16.26 -1.78 100 -175.439 1352.632 1426.316 156.1404
REPORTED NET PROFIT 109.05 272.81 279.43 236.54 339.47 100 250.1696 256.2403 216.9097 311.2976
EARNINGS BEFORE APPROPRIATIONS 183.91 349.89 389.54 377.09 517.57 100 190.2507 211.8101 205.0405 281.4257
EQUITY DIVIDEND 27.91 34.89 41.87 41.87 51.18 100 125.009 150.0179 150.0179 183.3751
PREFERENCE DIVIDEND - - - - -
DIVIDEND TAX 3.92 4.89 7.12 7.12 8.5 100 124.7449 181.6327 181.6327 216.8367
RETAINED EARNINGS 152.08 310.11 340.55 328.1 457.89 100 203.9124 223.9282 215.7417 301.085
 VERTICAL COMPARITIVE BALANCE SHEET AS ON 31ST MARCH 2006-07

PARTICULARS 2006 2007 INC/DEC %INC/DEC

Sources of Funds
Owner's Fund 93.04 93.04 0 0
Equity Share Capital
Share application money
Preference Share Capital
Reserves & Surplus 735.34 963.25 227.91 30.993826
Loan funds
Secured loans 696.72 929.87 233.15 33.463945
Unsecured loans 233.39 370.51 137.12 58.751446
Total 1,758.49 2,356.67 598.18 34.016685
Uses of funds

Fixed Assets
Gross block 3,067.49 3,523.54 456.05 14.867204
Less: Revaluation Reserve 21.31 17.31 -4 -18.77053
Less: Accumulated depriciation 1,672.89 1,797.06 124.17 7.4224844
Net block 1,373.29 1,709.17 335.88 24.458053
Capital Work-in-progress 104.08 123.3 19.22 18.466564
Investments 15.94 15.94 0.00 0
Net Current Assets
Current Assets, Loans & Advances 1,045.31 1,179.77 134.46 12.86317
Less: Current liabilities & Provisions 803.09 891.27 88.18 10.980089
Total Net current assets 242.22 288.5 46.28 19.106597
Miscellaneous expenses not written 22.96 219.76 196.80 857.14286
Total 1,758.49 2,356.67 598.18 34.016685

Notes
Book value of unquoted investments 0.7 0.7 0 0
Market value of quoted investments 50.06 53.35 3.29 6.5721135
Contingent liabilities 533.67 412.52 -121.15 -22.701295
No. of equity shares outstanding (lacs) 930.46 930.46 0 0
 VERTICAL COMPARITIVE BALANCE SHEET AS ON 31ST MARCH 2007-08

PARTICULARS 2007 2008 INC/DEC %INC/DEC

Sources of Funds
Owner's Fund 93.04 93.04 0 0
Equity Share Capital
Share application money
Preference Share Capital
Reserves & Surplus 963.25 1,193.69 230.44 23.923177
Loan funds
Secured loans 929.87 1,359.01 429.14 46.150537
Unsecured loans 370.51 57.77 -312.74 -84.40798
Total 2,356.67 2,703.51 346.84 14.717377
Uses of funds
Fixed Assets
Gross block 3,523.54 3,694.86 171.32 4.8621557
Less: Revaluation Reserve 17.31 17.17 -0.14 -0.808781
Less: Accumulated depriciation 1,797.06 1,980.58 183.52 10.212236
Net block 1,709.17 1,697.11 -12.06 -0.705606
Capital Work-in-progress 123.3 627.14 503.84 408.62936
Investments 15.94 27.7 11.76 73.776662
Net Current Assets
Current Assets, Loans & Advances 1,179.77 1,331.69 151.92 12.877086
Less: Current liabilities & Provisions 891.27 1,161.64 270.37 30.335364
Total Net current assets 288.5 170.05 -118.45 -41.05719
Miscellaneous expenses not written 219.76 181.51 -38.25 -17.40535
Total 2,356.67 2,703.51 346.84 14.717377

Notes
Book value of unquoted investments 0.7 0.7 0 0
Market value of quoted investments 53.35 65.29 11.94 22.380506
Contingent liabilities 412.52 666.37 253.85 61.53641
No. of equity shares outstanding (lacs) 930.46 930.46 0 0
VERTICAL COMPARITIVE BALANCE SHEET AS ON 31ST MARCH 2008-09

PARTICULARS 2008 2009 INC/DEC %INC/DEC

Sources of Funds
Owner's Fund 93.04 93.04 0 100
Equity Share Capital
Share application money
Preference Share Capital
Reserves & Surplus 1,193.69 1,385.43 191.74 116.0628
Loan funds
Secured loans 1,359.01 1,714.98 355.97 126.19333
Unsecured loans 57.77 43.31 -14.46 74.969707
Total 2,703.51 3,236.76 533.25 119.72436
Uses of funds
Fixed Assets
Gross block 3,694.86 4,549.78 854.92 123.13809
Less: Revaluation Reserve 17.17 17.05 -0.12 99.301107
Less: Accumulated depriciation 1,980.58 1,970.03 -10.55 99.467328
Net block 1,697.11 2,562.70 865.59 151.00377
Capital Work-in-progress 627.14 231.08 -396.06 36.846637
Investments 27.7 46.54 18.84 168.01444
Net Current Assets
Current Assets, Loans & Advances 1,331.69 1,669.13 337.44 125.33923
Less: Current liabilities & Provisions 1,161.64 1,373.95 212.31 118.27675
Total Net current assets 170.05 295.18 125.13 173.58424
Miscellaneous expenses not written 181.51 101.26 -80.25 55.78756
Total 2,703.51 3,236.76 533.25 119.72436

Notes
Book value of unquoted investments 0.7 0.7 0 100
Market value of quoted investments 65.29 50.55 -14.74 77.423802
Contingent liabilities 666.37 1,504.33 837.96 225.74996
No. of equity shares outstanding (lacs) 930.46 930.46 0 100
VERTICAL COMPARITIVE BALANCE SHEET AS ON 31ST MARCH 2009-10

PARTICULARS 2009 2010 INC/DEC %INC/DEC

Sources of Funds
Owner's Fund 93.04 93.04 0 100
Equity Share Capital
Share application money
Preference Share Capital
Reserves & Surplus 1,385.43 1,665.22 279.79 120.19517
Loan funds
Secured loans 1,714.98 1,761.12 46.14 102.69041
Unsecured loans 43.31 605.67 562.36 1398.453
Total 3,236.76 4,125.05 888.29 127.4438
Uses of funds
Fixed Assets
Gross block 4,549.78 4,674.80 125.02 102.74783
Less: Revaluation Reserve 17.05 16.94 -0.11 99.354839
Less: Accumulated depriciation 1,970.03 2,190.43 220.4 111.18765
Net block 2,562.70 2,467.43 -95.27 96.282436
Capital Work-in-progress 231.08 1,287.38 1056.3 557.11442
Investments 46.54 58.43 11.89 125.54792
Net Current Assets
Current Assets, Loans & Advances 1,669.13 2,040.27 371.14 122.23554
Less: Current liabilities & Provisions 1,373.95 1,734.68 360.73 126.25496
Total Net current assets 295.18 305.59 10.41 103.52666
Miscellaneous expenses not written 101.26 6.22 -95.04 6.1426032
Total 3,236.76 4,125.05 888.29 127.4438

Notes
Book value of unquoted investments 0.7 3.44 2.74 491.42857
Market value of quoted investments 50.55 147.65 97.1 292.08704
Contingent liabilities 1,504.33 1,061.09 -443.24 70.53572
No. of equity shares outstanding (lacs) 930.46 930.46 0 100
VERTICAL COMMON SIZE BALANCE SHEET AS ON 31ST MARCH 2006-07

PARTICULARS 2006%INC / DEC 2007%INC / DEC 2008%INC / DEC 2009%INC / DEC 2010%INC / DEC
Sources of Funds
Owner's Fund 93.04 5.29090299 93.04 3.9479434 93.04 3.441452 93.04 2.8744794 93.04 2.25548
Equity Share Capital
Share application money
Preference Share Capital
Reserves & Surplus 735.34 41.8165585 963.25 40.87335 1,193.69 44.153341 1,385.43 42.802988 1,665.22 40.36848
Loan funds
Secured loans 696.72 39.620356 929.87 39.456945 1,359.01 50.26835 1,714.98 52.984465 1,761.12 42.6933
Unsecured loans 233.39 13.2721823 370.51 15.7217599 57.77 2.1368517 43.31 1.338066 605.67 14.68273
Total 1,758.49 100 2,356.67 100 2,703.51 100 3,236.76 100 4,125.05 100
Uses of funds
Fixed Assets
Gross block 3,067.49 174.43886 3,523.54 149.513508 3,694.86 136.66899 4,549.78 140.56587 4,674.80 113.32711
Less: Revaluation Reserve 21.31 1.2118351 17.31 0.73451098 17.17 0.6351002 17.05 0.5267613 16.94 0.410661
Less: Accumulated depriciation 1,672.89 95.132187 1,797.06 76.254206 1,980.58 73.259577 1,970.03 60.864259 2,190.43 53.10068
Net block 1,373.29 78.094842 1,709.17 75.524791 1,697.11 62.774319 2,562.70 79.174853 2,467.43 59.8157
Capital Work-in-progress 104.08 5.91871435 123.3 5.2319586 627.14 23.19625 231.08 7.139238 1,287.38 31.208833
Investments 15.94 0.9064595 15.94 0.67378109 27.7 1.024595 46.54 1.437856 58.43 1.41646
Net Current Assets
Current Assets, Loans & Advances 1,045.31 59.443613 1,179.77 50.060891 1,331.69 49.2578166 1,669.13 51.567925 2,040.27 49.4604
Less: Current liabilities & Provisions 803.09 45.6692958 891.27 37.819041 1,161.64 42.9678455 1,373.95 42.448312 1,734.68 42.05233
Total Net current assets 242.22 13.7743177 288.5 12.24184 170.05 62.899711 295.18 9.1196134 305.59 7.40815
Miscellaneous expenses not written 22.96 1.3056656 219.76 9.3250221 181.51 6.713864 101.26 3.128437 6.22 0.15078
Total 1,758.49 100 2,356.67 100 2,703.51 100 3,236.76 100 4,125.05 100

Notes
Book value of unquoted investments 0.7 0.0398068 0.7 0.020702 0.7 0.025892 0.7 0.0216265 3.44 0.08339
Market value of quoted investments 50.06 2.8467057 53.35 2.2638787 65.29 2.4150086 50.55 1.561746 147.65 3.5795
Contingent liabilities 533.67 30.348196 412.52 17.504359 666.37 24.648327 1,504.33 46.47641 1,061.09 25.723028
No. of equity shares outstanding (lacs) 930.46 52.9124419 930.46 39.4819809 930.46 34.416739 930.46 28.746647 930.46 22.55633
 VERTICAL TREND BALANCE SHEET

TREND PERCENTAGE
PARTICULARS 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010
Sources of Funds
Owner's Fund 93.04 93.04 93.04 93.04 93.04 100 100 100 100 100
Equity Share
Capital
Share application money
Preference Share Capital

Reserves & Surplus 735.34 963.25 1,193.69 1,385.43 1,665.22 100.00 130.9938 162.3317 188.4067 226.4558
Loan funds
Secured loans 696.72 929.87 1,359.01 1,714.98 1,761.12 100.00 133.4639 195.0583 246.1505 252.773
Unsecured loans 233.39 370.51 57.77 43.31 605.67 100 158.7514 24.75256 18.55692 259.5098
Total 1,758.49 2,356.67 2,703.51 3,236.76 4,125.05 100.00 134.0167 153.7404 184.0647 234.5791
Uses of funds
Fixed Assets
Gross block 3,067.49 3,523.54 3,694.86 4,549.78 4,674.80 100.00 114.8672 120.4522 148.3226 152.3982
Less: Revaluation Reserve 21.31 17.31 17.17 17.05 16.94 100.00 81.22947 80.5725 80.00939 79.4932
Less: Accumulated depriciation 1,672.89 1,797.06 1,980.58 1,970.03 2,190.43 100.00 107.4225 118.3927 117.7621 130.9369
Net
block 1,373.29 1,709.17 1,697.11 2,562.70 2,467.43 100.00 124.4581 123.5799 186.6103 179.6729
Capital Work-in-progress 104.08 123.3 627.14 231.08 1,287.38 100.00 118.4666 602.5557 222.0215 1236.914
Investments 15.94 15.94 27.7 46.54 58.43 100.00 100 173.7767 291.9699 366.5621
Net Current Assets
Current Assets, Loans & Advances 1,045.31 1,179.77 1,331.69 1,669.13 2,040.27 100.00 112.8632 127.3967 159.678 195.1832
Less: Current liabilities & Provisions 803.09 891.27 1,161.64 1,373.95 1,734.68 100.00 110.9801 144.6463 171.0829 216.0007
Total Net current assets 242.22 288.5 170.05 295.18 305.59 100.00 119.1066 70.20477 121.8644 126.1622
Miscellaneous expenses not written 22.96 219.76 181.51 101.26 6.22 100.00 957.1429 790.5488 441.0279 27.09059
Total 1,758.49 2,356.67 2,703.51 3,236.76 4,125.05 100.00 134.0167 153.7404 184.0647 234.5791

Notes
Book value of unquoted investments 0.7 0.7 0.7 0.7 3.44 100.00 100 100 100 491.4286
Market value of quoted investments 50.06 53.35 65.29 50.55 147.65 100.00 106.5721 130.4235 100.9788 294.9461
Contingent liabilities 533.67 412.52 666.37 1,504.33 1,061.09 100.00 77.29871 124.8656 281.8839 198.8289

No. of equity shares outstanding (lacs) 930.46 930.46 930.46 930.46 930.46 100.00 100 100 100 100
 DIRECTOR’S REPORT

• Summarized Financial Results

• Dividend
• Exports
• Expansion & Modernization
• Land development at Worli,
Mumbai
• Shipping business
 DIRECTOR’S REPORT
• Corporate Governance
• General – Awards, Sports
& Welfare Activities
• Environment & Pollution
control
• Directors
• Auditors
• Auditor’s report
 DIRECTOR’S REPORT

• Cost Auditors
• Directors Responsibility
Statement
• Particulars of Employees
• Cash Flow Analysis
• Appreciation
 AUDITOR’S REPORT
• Maintain proper records
• Inventory
• Loans
• Internal control system
• Particulars of contracts & agreements
• RBI & provisions of sections 58A & 58AA
• Internal audit system
 AUDITOR’S REPORT
• Deposits
• Losses
• Repayment of dues
• Loans & Advances
• Transaction records
• Guarantee for loans
• Examination of balance sheet