23 May 2012 14:22
Tata Global Beverages Limited
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
Statement of Audited Financial Results
for the Quarter and year ended March 31, 2012
Rs.In Lakhs
Three Months Ended | Year Ended | ||||
March 31st 2012 | December 31st 2011 | March 31st 2011 | March 31st 2012 | March 31st 2011 | |
Net Sales / Income from Operations (Net of excise duty) | 46370 | 52284 | 42980 | 199564 | 179262 |
Other Operating Income | 1049 | 767 | 447 | 3965 | 1849 |
Total Income from Operations (Net) | 47419 | 53051 | 43427 | 203529 | 181111 |
a) Cost of materials consumed | 31380 | 30940 | 32773 | 129341 | 120310 |
b) Purchase of stock-in-trade | 47 | - | - | 165 | 103 |
c) Charges in inventories of finished goods and stock-in-trade | (3550) | 1578 | (4242) | (978) | (2578) |
d) Employee benefits expense | 2680 | 2585 | 2541 | 10069 | 9545 |
e) Depreciation & Amortization expense | 319 | 286 | 308 | 1204 | 1236 |
f) Other Expenses | 11625 | 11257 | 9703 | 41755 | 39041 |
Total Expenses | 42501 | 46646 | 41083 | 181556 | 167657 |
Profit from Operations before Other Income, Finance Cost & Exceptional Items | 4918 | 6405 | 2344 | 21973 | 13454 |
Other Income | 761 | 4772 | 1170 | 9409 | 11297 |
Profit from ordinary activities before Finance cost & Exceptional Items | 5679 | 11177 | 3514 | 31382 | 24751 |
Finance Cost | 729 | 1068 | 782 | 2704 | 4057 |
Profit from ordinary activities after Finance cost but before Exceptional Items | 4950 | 10109 | 2732 | 28678 | 20694 |
Exceptional items (Net) | (875) | (1392) | 4342 | 8313 | 2329 |
Profit from ordinary activities before Tax | 4075 | 8717 | 7074 | 36991 | 23023 |
Tax Expense | |||||
a) Current Tax | 1090 | 2981 | 360 | 7614 | 5762 |
b) Deferred Tax | 53 | (106) | 22 | (891) | (798) |
Net Profit for the period | 2932 | 5842 | 6692 | 30268 | 18059 |
Paid up Equity Share Capital(face value of Rs. 1 each) | 6184 | 6184 | 6184 | 6184 | 6184 |
Reserves excluding Revaluation Reserve | 212641 | 197275 | |||
Earnings per Share(Basic & diluted)(Not annualised for the Quarter) - Rs | 0.47 | 0.94 | 1.08 | 4.89 | 2.92 |
Debt Service Coverage Ratio (DSCR) | 11.61 | 0.67 | |||
Interest Service Coverage Ratio (ISCR) | 11.61 | 6.10 | |||
Aggregate of Public Shareholding | |||||
- Number of Shares | 400715380 | 400496414 | 400550547 | 400715380 | 400550547 |
- Percentage of Shareholding | 64.80% | 64.76% | 64.77% | 64.80% | 64.77% |
Promoters and Promoters Group Shareholding | |||||
(a) Pledged / Encumbered | |||||
Number of Shares | 40800000 | 40800000 | 70000000 | 40800000 | 70000000 |
- Percentage of shares ( as a percentage of the total shareholding of the promoter and promoter group ) | 18.74% | 18.72% | 32.13% | 18.74% | 32.13% |
- Percentage of shares ( as a percentage of the total share capital of the company) | 6.60% | 6.60% | 11.32% | 6.60% | 11.32% |
(a) Non Encumbered | |||||
Number of Shares | 176883190 | 177102156 | 147848023 | 176883190 | 147848023 |
- Percentage of shares ( as a percentage of the total shareholding of the promoter and promoter group ) | 81.26% | 81.28% | 67.87% | 81.26% | 67.87% |
- Percentage of shares ( as a percentage of the total share capital of the company) | 28.60% | 28.64% | 23.91% | 28.60% | 23.91% |
Note:- DSCR = Earnings before Interest and Tax / Gross Interest and Principal repayment of long term loanISCR = Earnings before Interest , Exceptional items and Tax / Gross Interest
Notes:
1. Total Operating Income for the quarter at Rs 474.19 crores has increased by 9% over the corresponding quarter of previous year driven primarily by improved performance in the Branded Tea operations. Profit from Operations for the quarter at Rs 49.18 crores increased by 110 % from the corresponding quarter of the previous year attributable to improvement in operations. The Profit before Tax at Rs 40.75 crores and the Profit after Tax at Rs 29.32 crores are lower compared to the corresponding quarter of the previous year because of impact of exceptional items.
2. Total Operating Income for the year at Rs 2035.29 crores increased by 12% over the previous year driven by higher volumes and improved performance in branded tea operations. The Profit before Tax at Rs 369.91 crores and the Profit after Tax at Rs 302.68 crores are also higher compared to the previous year driven by improvement in operations, lower finance costs partly offset by lower other income and impact of exceptional items.
3. The Financial Results include the following under Exceptional Items:
In Rs Crores | Quarter ended March 31 | Year ended March 31 | ||
2012 | 2011 | 2012 | 2011 | |
Profit arising on sale of non-core investment | - | 44.40 | 137.21 | 44.40 |
Provision for future payment under contractual obligation | (0.33) | - | (18.01) | - |
(Loss)/Recovery on discard of assets | 0.07 | - | (4.72) | - |
Settlement of claims | - | - | (5.71) | - |
Costs on long term Initiatives | (2.77) | - | (12.61) | - |
New product development cost | (5.72) | - | (13.03) | - |
Employee Separation Scheme | - | (0.98) | - | (21.11) |
Income/(Expenditure) | (8.75) | 43.42 | 83.13 | 23.29 |
4. Earnings per share (EPS) (basic and diluted) for the quarter of Rs. 0.47 are lower than Rs 1.08 reported for the corresponding quarter of the previous year mainly due to impact of exceptional items. Net of the impact of exceptional items, EPS (basic and diluted) for the current quarter is Rs. 0.57 as compared to Rs 0.37 for the corresponding quarter of the previous year. EPS for the year at Rs. 4.89 is substantially higher than the previous year.
5. Pursuant to acquisitions of further equity shares of Mount Everest Mineral Water Limited, the current shareholding of the Company in Mount Everest Mineral Water Limited is 50.07%.
6. As the Company's activity falls within a single business segment, viz "Buying / Blending and Sale of tea in bulk and value added form" the disclosure requirements of Accounting Standard (AS-17) on "Segment Reporting" notified by the Companies (Accounting Standard) Rules 2006, are not applicable.
7. Investor complaints :
Pending at the beginning of the Quarter | Received during the Quarter | Disposed off during the Quarter | Remaining unresolved at the end of the Quarter |
Nil | 3 | 2 | 1 |
8. Previous period's figures have been rearranged / regrouped to the extent necessary, to conform to the current period's classification.
9. Figures of the quarter ended March 31, 2012 and March 31, 2011 are the balancing figures between audited figures in respect of the full financial year and published year to date figures up to the third quarter of the relevant financial year.
10. Statement of Asset and Liabilities as at March 31, 2012 along with comparatives is annexed.
11. The Board of Directors has recommended a dividend payment of Rs. 2.15 per share (Face value Re. 1 each) for the year ended 31st March 2012.
12. The aforementioned results were reviewed by the Audit Committee of the Board on May 22, 2012 and subsequently taken on record by the Board of Directors at its meeting held on May 23, 2012. The statutory auditors of the company have audited these results.
R K Krishna Kumar
Mumbai:May 23, 2012 (Vice Chairman)
Tata Global Beverages Limited
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
Statement of Assets and Liabilities as at March 31, 2012
Rs. In Lakhs
Particulars | As atMarch 31 | |
2012 Audited | 2011Audited | |
EQUITY AND LIABILITIES |
| |
SHAREHOLDERS' FUND | ||
Share Capital | 6184 | 6184 |
Reserves and Surplus | 214827 | 199461 |
Sub-total - Shareholders' Funds | 221011 | 205645 |
Non-current Liabilities | ||
(a) Long-Term Borrowings | 32503 | 32500 |
(b) Other long - Term Liabilities | 6346 | 6568 |
(c) Long - Term Provisions | 6471 | 4851 |
Sub-total - Non-Current Liabilities | 45320 | 43919 |
Current Liabilities | ||
(a) Short-Term Borrowings | 4182 | 18047 |
(b) Trade Payables | 14010 | 12514 |
(c) Other Current Liabilities | 12073 | 11901 |
(d) Short - Term Provisions | 19962 | 18498 |
Sub-total - Current Liabilities | 50227 | 60960 |
TOTAL - EQUITY AND LIABILITIES | 316558 | 310524 |
ASSETS | ||
Non - Current Assets | ||
(a) Fixed Assets | 14278 | 12600 |
(b) Non-Current Investment | 216361 | 216654 |
(c) Deferred Tax Assets | 1771 | 880 |
(d) Long-term Loans and Advances | 3740 | 4304 |
(e) Other Current Assets | 3060 | 60 |
Sub-total - Non Current Assets | 239210 | 234498 |
Current Assets | ||
(a) Current Investment | 4209 | 12436 |
(b) Inventories | 45347 | 42991 |
(c) Trade Receivable | 9064 | 10190 |
(d) Cash and Bank Balance | 1747 | 687 |
(e) Short term Loans and Advances | 16366 | 9204 |
(f) Other Current Assets | 615 | 518 |
Sub-total - Current Assets | 77348 | 76026 |
TOTAL - ASSETS | 316558 | 310524 |
Tata Global Beverages Limited
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
Unaudited Consolidated Financial Results
for the year ended March 31, 2012
Rs. In Lakhs
Three Months Ended | Year Ended | ||||
March 31st 2012 | December 31st 2011 | March 31st 2011 | March 31st 2012 | March 31st 2011 | |
Net Sales / Income from Operations (Net of excise duty) | 172411 | 179320 | 155801 | 658526 | 598242 |
Other Operating Income | 999 | 822 | 840 | 4590 | 2075 |
Total Income from Operations (Net) | 173410 | 180142 | 156641 | 663116 | 600317 |
a) Cost of materials consumed | 76553 | 81913 | 76575 | 309455 | 271137 |
b) Purchase of stock-in-trade | 7315 | 8417 | 6741 | 29434 | 28207 |
c) Charges in inventories of finished goods, work in progress and stock-in-trade | (167) | (2503) | (6703) | (6582) | (6587) |
d) Employee benefits expense | 18384 | 16917 | 14351 | 67505 | 61457 |
e) Depreciation & Amortization expense (net of amount drawn from Revaluation Reserve) | 2524 | 2377 | 2568 | 9614 | 9944 |
f) Advertising and Sales Charges | 26597 | 34062 | 27700 | 109967 | 101269 |
g) Other Expenditure | 26011 | 23105 | 22218 | 91032 | 84022 |
Total Expenditure | 157217 | 164288 | 143450 | 610425 | 549449 |
Profit from Operations before Other Income, Finance Cost & Exceptional Items | 16193 | 15854 | 13191 | 52691 | 50868 |
Other Income | 1892 | 2128 | 2284 | 9452 | 9719 |
Profit from ordinary activities before Finance cost & Exceptional Items | 18085 | 17982 | 15475 | 62143 | 60587 |
Finance Cost | (1425) | (2315) | (3380) | (7035) | (12102) |
Profit from ordinary activities after Finance cost but before Exceptional Items | 16660 | 15667 | 12095 | 55108 | 48485 |
Exceptional items (Net) | (3950) | (1603) | 5594 | 2254 | 951 |
Profit from ordinary activities before Tax | 12710 | 14064 | 17689 | 57362 | 49436 |
Tax Expense | |||||
a) Current Tax | 2789 | 5740 | 6647 | 14795 | 21061 |
b) Deferred Tax | 106 | 173 | (256) | (624) | (829) |
Profit after Tax | 9815 | 8151 | 11298 | 43191 | 29204 |
Share of Profit /(Loss) from Associates | (1974) | 93 | (1087) | (1512) | 2025 |
Minority Interest in Consolidated Profit | (2420) | (1838) | (1687) | (6065) | (5796) |
Group Consolidated Net Profit | 5421 | 6406 | 8524 | 35614 | 25433 |
Paid up Equity Share Capital(face value of Rs. 1 each) | 6184 | 6184 | 6184 | 6184 | 6184 |
Reserves excluding Revaluation Reserve | 446149 | 385070 | |||
Earnings per Share(Basic & diluted)(Not annualized for the Quarter end) - Rs | 0.88 | 1.04 | 1.38 | 5.76 | 4.11 |
PARTICULARS OF SHAREHOLDING | |||||
Public Shareholding | |||||
- Number of Shares | 400715380 | 400496414 | 400550547 | 400715380 | 400550547 |
- Percentage of Shareholding | 64.80% | 64.76% | 64.77% | 64.80% | 64.77% |
Promoters and Promoters Group Shareholding | |||||
(a) Pledged / Encumbered | |||||
Number of Shares | 40800000 | 40800000 | 70000000 | 40800000 | 70000000 |
- Percentage of shares ( as a percentage of the total shareholding of the promoter and promoter group ) | 18.74% | 18.72% | 32.13% | 18.74% | 32.13% |
- Percentage of shares ( as a percentage of the total share capital of the company) | 6.60% | 6.60% | 11.32% | 6.60% | 11.32% |
(a) Non Encumbered | |||||
Number of Shares | 176883190 | 177102156 | 147848023 | 176883190 | 147848023 |
- Percentage of shares ( as a percentage of the total shareholding of the promoter and promoter group ) | 81.26% | 81.28% | 67.87% | 81.26% | 67.87% |
- Percentage of shares ( as a percentage of the total share capital of the company) | 28.60% | 28.64% | 23.91% | 28.60% | 23.91% |
Notes:
1. For the quarter, Income from operations at Rs 1734 crores increased by 11% year on year reflecting improved performance in most major markets coupled with favourable foreign exchange translation impact. Profit after finance costs and before exceptional items for the quarter at Rs 167 crores improved by 38% year on year mainly due to improved operating performance and lower finance costs. Profit from ordinary activities before tax for the quarter at Rs 127 crores is lower due to the impact of exceptional items.
2. For the year, Income from operations at Rs 6631 crores increased by 10% aided by improved performance in most major markets coupled with favourable foreign exchange translation impact Profit after finance cost but before exceptional items at Rs 551 crores is 14% higher reflecting the improvement in the operating performance and lower finance costs. Profit from ordinary activities before tax and profit after tax are higher than the previous year by 16% and 48% respectively mainly due to favourable impact of higher exceptional income and lower effective tax rate.
3. The financial results includes following under Exceptional items:
In Rs Crores | Quarter ended March 31 | Year ended March 31 | ||
2012 | 2011 | 2012 | 2011 | |
Profit on sale of non-core investment | - | 44 | 137 | 44 |
Actuarial gain on defined benefit pension scheme of an overseas subsidiary (refer note 5) | - | 37 | - | 37 |
Cost incurred for long-term initiative and new projects | (10) | - | (24) | - |
Reorganization cost incurred in relation to business restructuring | (8) | (19) | (15) | (31) |
Redundancy costs incurred in relation to business restructuring | (3) | (5) | (24) | (16) |
Loss on assets relating to discontinued business initiatives | (13) | - | (18) | - |
Provision for future payments under contractual obligation | - | - | (21) | - |
New product development cost | (6) | - | (9) | - |
Provision for settlement of claims | - | - | (6) | - |
Employee Separation Scheme in India | - | - | - | (21) |
Others | - | (1) | 2 | (4) |
Income/(Expenditure) | (40) | 56 | 22 | 9 |
4. Earnings per share (EPS) (basic and diluted) for the year at Rs 5.76 is higher than the previous year by 40% mainly due improved operating performance and lower interest expense coupled with the impact of exceptional items. Net of the impact of exceptional items, EPS (basic and diluted) for the year at Rs 4.62 is higher by 23% as compared to the previous year mainly due to improved operating performance and lower interest expense.
5. The Group has substantial international operations with approximately 65% of its revenues coming from overseas operations. For the purposes of consolidated financial statements, it has changed its accounting policy for actuarial gains and losses relating to defined benefit pension scheme of overseas subsidiaries by accounting for such gains and losses in the Reserves instead of in the Statement of Profit and Loss, applying the accounting principles of consolidation under Accounting Standard 21 and the policy followed by the overseas subsidiaries and as recognised by the relevant overseas accounting framework. This adoption of the above policy is required to reflect a consistent framework amenable for better inter-firm comparison and to reflect the underlying performance.
Overseas actuarial gains/losses principally relate to a defined benefit retirement scheme of an overseas subsidiary which is closed for future accruals. These gains/ losses represent increase in the value of future long term payment obligations due to changes in interest rates and other actuarial assumptions based on the market position as at the year end. The actuarial assumptions are subject to significant fluctuations especially under volatile market conditions.As a result of change in the accounting policy, the Group consolidated net profit for the year is higher by Rs 70.72 crores. A better reflection of the improvement in underlying performance would be to recompute the previous year numbers on a basis consistent with the current year. On this basis, the Profit from ordinary activities before tax and Profit after tax for the year would be higher by 26 % and 62 % respectively.
6. Pursuant to acquisitions of further equity shares of Mount Everest Mineral Water Ltd (MEMW), the current shareholding of the Holding Company in MEMW is 50.07%.
7. The major part of the Holding Company's business arises from operations outside India and through its subsidiaries. In view of this the Company has opted to publish only consolidated results for the year as permitted under SEBI guidelines. The standalone results shall be available on the Company's website as well as on the website of the stock exchanges where the Company's shares are listed. The Total Operating Income, Net Profit after Tax and Earnings per share of the Holding Company's standalone financial results are given below:
Rs. In Crores | Three Months Ended | Year Ended | |||
March 31st 2012 | December 31st 2011 | March 31st 2011 | March 31st 2012 | March 31st 2011 | |
Total Operative Income | 474 | 531 | 434 | 2035 | 1811 |
Profit after Tax | 29 | 58 | 67 | 303 | 181 |
Earnings per share - Rs* | 0.47 | 0.94 | 1.08 | 4.89 | 2.92 |
Earnings per share - Rs*excluding impact of exceptional items | 0.57 | 1.10 | 0.37 | 3.26 | 2.45 |
·; not annualised for the quarter end
8. Figures for the quarter ended March 31, 2012 and March 31, 2011 are the balancing figures between audited figures in respect of the full financial year and published year to date figures up to the third quarter of the relevant financial year.
9. Consolidated statement of Asset and Liabilities as at March 31, 2012 along with comparatives is annexed.
10. Previous year/quarter figures have been regrouped / rearranged, to the extent necessary, to conform to current year/quarter classifications.
11. The aforementioned results were reviewed by the Audit Committee of the Board on May 22, 2012 and subsequently taken on record by the Board of Directors at its Meeting held on May 23, 2012. The statutory auditors of the company have audited the annual results.
R K Krishna Kumar
Mumbai: May 23, 2012 (Vice Chairman)
Tata Global Beverages Limited
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
Audited Consolidated Segment wise Revenue, Results and Capital Employed, underClause 41, of the Listing Agreement for the Year ended March 31, 2012
Rs. In Lakhs
3 months ended March 31 2012 (Unaudited) | 3 months ended December 31 2011 (Unaudited) | 3 months ended March 31 2011 (Unaudited) | Year ended March 31 2012 | Year ended March 31 2011 | |
1. Segment Revenue | |||||
a) Tea | 127604 | 129896 | 118848 | 480027 | 450121 |
b) Coffee & Other Produce | 43203 | 48887 | 36068 | 176531 | 142951 |
c) Others | 2591 | 1353 | 1723 | 6540 | 7243 |
d) Unallocated | 12 | 6 | 2 | 18 | 2 |
Total Income from Operations (Net) | 173410 | 180142 | 156641 | 663116 | 600317 |
2. Segment Results | |||||
a) Tea | 16938 | 13428 | 12657 | 50651 | 42416 |
b) Coffee & Other Produce | 5150 | 5909 | 5622 | 19609 | 25252 |
b) Others | (588) | (434) | (343) | (1922) | (1249) |
Total | 21500 | 18903 | 17936 | 68338 | 66419 |
ADD / (Less) | |||||
i) Finance Cost | (1425) | (2315) | (3380) | (7035) | (12102) |
ii) Other Un-allocable items,Other Income and Exceptional Expenditure | (7365) | (2524) | 3133 | (3941) | (4881) |
Total Profit from ordinary activities before Tax | 12710 | 14064 | 17689 | 57362 | 49436 |
3. Capital Employed | |||||
a) Tea | 306417 | 335714 | 263623 | 306417 | 263623 |
b) Coffee & Other Produce | 181648 | 170205 | 167683 | 181648 | 167683 |
c) Others | 21134 | 17810 | 16946 | 21134 | 16946 |
d) Unallocated including Investments | 53967 | 58564 | 58268 | 53967 | 58268 |
Total | 563166 | 582293 | 506520 | 563166 | 506520 |
Notes:
a. Business Segments: The internal business segmentation and the activities encompassed therein are as follows:
Tea : Cultivation & manufacture of black tea and instant tea, tea buying/ blending and sale of tea in bulk or value added form.
Coffee and Other Produce : Growing of coffee, pepper and other plantation crops and conversion of coffee into value added products such as roast and ground coffee & instant coffee.
Others : Sale of natural Mineral Water , other minor crops and curing operations of coffee and trading of items required for coffee plantations.
b. The segment wise revenue, results, capital employed figures relate to the respective amounts directly identifiable to each of the segments. Unallocable expenditure include expenses incurred on common services at the corporate level interest and exceptional items. Unallocable income includes income from investments and exceptional items.
R K Krishna Kumar
Mumbai: May 23, 2012 (Vice Chairman)
Financial Highlights | |||||
Rs. In Crores | Three Months Ended | Year Ended | |||
March 31 2012 | December 31 2011 | March 31 2011 | March 31 2012 | March 31 2011 | |
Total Operating Income | 1734.10 | 1801.42 | 1566.41 | 6631.16 | 6003.17 |
Profit before Exceptional | 166.60 | 156.67 | 120.95 | 551.08 | 484.85 |
Exceptionals (net) | (39.50) | (16.03) | 55.94 | 22.54 | 9.51 |
Net Profit Before Tax | 127.10 | 140.64 | 176.89 | 573.62 | 494.36 |
Net Profit after Tax | 98.15 | 81.51 | 112.98 | 431.91 | 292.04 |
Earnings per Share - Rs* | 0.88 | 1.04 | 1.38 | 5.76 | 4.11 |
Earnings per Share (before Exceptionals) on Core Operations - Rs* | 1.23 | 1.21 | 0.60 | 4.62 | 3.75 |
Dividend recommended - Rs per share(Face Value Rs 1 per Share)(PY Face Value Rs 1 per Share) | Rs. 2.15 | Rs. 2.00 | |||
Tata Global Beverages Limited
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
Audited Consolidated Statement of Assets and Liabilities
as at March 31, 2012
Rs. In Lakhs
Particulars | As atMarch 31 | |
2012 | 2011 | |
EQUITY AND LIABILITIES |
| |
SHAREHOLDERS' FUND | ||
Share Capital | 6184 | 6174 |
Reserves and Surplus | 450390 | 389538 |
Sub-total - Shareholders' Funds | 456574 | 395712 |
Minority Interest | 106592 | 110808 |
Non-current Liabilities | ||
(a) Long-Term Borrowings | 73934 | 72284 |
(b) Deferred tax Liabilities (net) | 6572 | 6370 |
(c) Other long - Term Liabilities | 15577 | 16400 |
(d) Long - Term Provisions | 17399 | 8832 |
Sub-total - Non-current Liabilities | 113482 | 103886 |
Current Liabilities | ||
(a) Short-Term Borrowings | 14892 | 29853 |
(b) Trade Payables | 80522 | 83004 |
(c) Other Current Liabilities | 28399 | 27209 |
(d) Short - Term Provisions | 27421 | 25974 |
Sub-total - Current Liabilities | 151234 | 166040 |
TOTAL - EQUITY AND LIABILITIES | 827882 | 776446 |
ASSETS | ||
Non - Current Assets | ||
(a) Fixed Assets | 82406 | 76451 |
(b) Goodwill and Consolidation | 346873 | 303805 |
(c) Non-current investment | 47352 | 47996 |
(d) Long-term Loans and Advances | 8600 | 9109 |
(e) Other non - Current Assets | 3332 | 420 |
Sub-total - Non Current Assets | 488563 | 437781 |
Current Assets | ||
(a) Current Investment | 9301 | 10655 |
(b) Inventories | 116074 | 106965 |
(c) Trade Receivable | 65181 | 57326 |
(d) Cash and Bank Balance | 73616 | 99731 |
(e) Short term Loans and Advances | 73435 | 62638 |
(f) Other Current Assets | 1712 | 1350 |
Sub-total - Current Assets | 339319 | 338665 |
TOTAL - ASSETS | 827882 | 776446 |