Professional Documents
Culture Documents
Database Dictionary
Contents
Email ID . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45
Website address . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46
ISD code for telephone number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47
STD code for telephone number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
Telephone number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49
ISD code for Fax number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50
STD code for Fax number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
Fax number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
Company Alternate Names . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
Prowess company code . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53
Alternate name type . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54
Alternate name . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55
Company Background . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55
Prowess company code . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56
Background text . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57
Brief business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58
Purpose of meeting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97
Announcement date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98
Equity Ownership Pattern . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98
Prowess company code . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 99
Date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100
Total number of equity shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 101
Shares held by promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 102
Shares held by Indian promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 103
Shares held by Indian individuals and hindu undivided families as promoters . . . . . . . . . . . . . . . . . . . . . . 104
Shares held by central and state government/s as promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105
Shares held by Indian corporate bodies as promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106
Shares held by financial institutions and banks as promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 107
Shares held by other promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 108
Shares held by foreign promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 109
Shares held by foreign individuals (NRIs & POIs) as promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110
Shares held by foreign corporate bodies as promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 111
Shares held by foreign institutions as promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112
Shares held by qualified foreign promoter investors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 113
Shares held by other foreign promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 114
Shares held by groups of like-minded individuals as promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 115
Shares held by non-promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 116
Shares held by institutions as non-promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 117
Shares held by mutual funds and UTI as non-promoter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 118
Shares held by banks, financial institutions, and insurance cos. as non-promoters . . . . . . . . . . . . . . . . . . . . 119
Shares held by insurance companies as non-promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120
Shares held by financial institutions and banks as non-promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . 121
Shares held by central and state government/s as non-promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 122
Shares held by foreign institutional investors as non-promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 123
Shares held by venture capital funds as non-promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 124
Shares held by foreign venture capital investors as non-promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . 125
Shares held by qualified foreign instituitional investors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 126
Shares held by other institutional investors as non-promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 127
Shares held by non-institutional investors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 128
Shares held by corporate bodies as investors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 129
Shares held by individual investors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 130
Shares held by individual investors with a share capital of up to Rs. 1 lakh . . . . . . . . . . . . . . . . . . . . . . . 131
Shares held by individual investors with share capital exceeding Rs. 1 lakh . . . . . . . . . . . . . . . . . . . . . . 132
Shares held by qualified foreign non-instituitional investors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 133
Shares held by other investors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 134
Shares held by custodians . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 135
Shares held by custodians for promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 136
Shares held by custodians for non-promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 137
Total equity shares in per cent. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 138
Proportion of shares held by promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 139
Proportion of shares held by Indian promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 140
Proportion of shares held by Indian individuals and hindu undivided families as promoters . . . . . . . . . . . . . . . 141
Proportion of shares held by central and state government/s as promoters . . . . . . . . . . . . . . . . . . . . . . . . 142
Proportion of shares held by Indian corporate bodies as promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . 143
Proportion of shares held by financial institutions and banks as promoters . . . . . . . . . . . . . . . . . . . . . . . . 144
Proportion of shares held by other promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 145
Proportion of shares held by foreign promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 146
Proportion of shares held by foreign individuals (including NRIs) as promoters . . . . . . . . . . . . . . . . . . . . . 147
Proportion of shares held by foreign corporate bodies as promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . 148
Proportion of shares held by foreign institutions as promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 149
Proportion of shares held by qualified foreign promoter investors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150
Proportion of shares held by other foreign promoters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 151
Proportion of shares held by groups of like-minded individuals as promoters . . . . . . . . . . . . . . . . . . . . . . . . 152
Change in PBT net of P&E&OI because of change in financial service income . . . . . . . . . . . . . . . . . . . . . 1200
Change in PBT net of P&E&OI because of change in profitability of financial services income . . . . . . . . . . . . 1201
Change in PBT net of P&E&OI because of change in profitability on change in financial services income . . . . . . . 1202
Share (%) of change in financial services income in change in PBT net of P&E&OI . . . . . . . . . . . . . . . . . . 1203
Share (%) of change in profitability of financial services income in change in PBT net of P&E&OI . . . . . . . . . . 1204
Share (%) of change in financial services income and its profitability on change in PBT net of P&E&OI . . . . . . . 1205
Source of growth in PAT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1206
PAT net of P&E / total income net of P&E (times) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1206
Change in PAT net of P&E on change in income (times) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1207
Change in PAT net of P&E because of change in income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1208
Change in PAT net of P&E because of change in profitability of income . . . . . . . . . . . . . . . . . . . . . . . . 1209
Change in PAT net of P&E because of change in profitability on change in income . . . . . . . . . . . . . . . . . . . 1210
Share (%) of change in income in change in PAT net of P&E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1211
Share (%) of change in profitability of income in change in PAT net of P&E . . . . . . . . . . . . . . . . . . . . . . 1212
Share (%) of change in profitability on change in income in change in PAT net of P&E . . . . . . . . . . . . . . . . 1213
Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1214
Total capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1215
Paid up equity capital (net of forfeited equity capital) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1216
Fully paid up equity capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1217
Partly paid up equity capital (net of forfeited capital) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1218
Forfeited equity capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1219
Paid up preference capital (net of forfeited preference capital) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1220
Fully paid up preference capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1221
Partly paid up preference capital (net of forfeited capital) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1222
Capital contribution and funds by govt, others . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1223
Money received against convertible share warrants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1224
Minority interest reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1225
Reserves and funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1226
Security premium reserves (net of deductions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1227
Additions during the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1228
Sec. premium reserve used for issue of bonus shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1229
Sec. premium reserve used for issue expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1230
Sec. premium reserve used for write off of premium . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1231
Sec. premium reserve used for buy-back . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1232
Capital, debt, investment & other reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1233
Capital redemption reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1234
Capital reserves (incl. grants and subsidies) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1235
Subsidies and grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1236
Debenture and bond redemption reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1237
Investment allowance reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1238
Dividend equalisation reserve . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1239
Exports and Foreign projects reserve . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1240
Tariffs and dividend control reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1241
Other statutory reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1242
Investment fluctuation reserve . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1243
Surplus and deficit on mergers & acquisitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1244
Forex fluctuation reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1245
Lease equalisation reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1246
Contingency reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1247
Reserves for bad and doubtful loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1248
Other contingency reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1249
Other specific reserves and funds (incl. development reserve fund) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1250
Other revenue reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1252
Arrears of depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1253
Revaluation reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1254
Revaluation of fixed assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1255
Reversal of prior revaluation of fixed assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1256
Of which: secured long term foreign currency rupee loans excl current portion . . . . . . . . . . . . . . . . . . . . . 1432
Unsecured long term borrowings from financial institutions excl current portion . . . . . . . . . . . . . . . . . . . . 1433
Long term borrowings from central & state govt excl current portion . . . . . . . . . . . . . . . . . . . . . . . . . . . 1434
Secured long term borrowings from central & state govt excl current portion . . . . . . . . . . . . . . . . . . . . . . 1435
Secured long term borrowings from Government of India excl current portion . . . . . . . . . . . . . . . . . . . . 1436
Secured long term borrowings from state governments excl current portion . . . . . . . . . . . . . . . . . . . . . 1437
Unsecured long term borrowings from central & state govt excl current portion . . . . . . . . . . . . . . . . . . . . 1438
Unsecured long term borrowings from Government of India excl current portion . . . . . . . . . . . . . . . . . . . 1439
Unsecured long term borrowings from state governments excl current portion . . . . . . . . . . . . . . . . . . . . 1440
Long term borrowings syndicated across banks & institutions excl current portion . . . . . . . . . . . . . . . . . . . . 1441
Secured long term borrowings syndicated across banks & institutions excl current portion . . . . . . . . . . . . . . . 1442
Unsecured long term borrowings syndicated across banks & institutions excl current portion . . . . . . . . . . . . . 1443
Long term debentures and bonds excl current portion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1444
Secured long term debentures and bonds excl current portion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1445
Secured long term non-convertible debentures and bonds excl current portion . . . . . . . . . . . . . . . . . . . . 1446
Secured long term zero interest bonds excl current portion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1447
Secured long term convertible debentures and bonds excl current portion . . . . . . . . . . . . . . . . . . . . . . . 1448
Secured long term fully convertible debentures and bonds excl current portion . . . . . . . . . . . . . . . . . . . 1449
Secured long term partly convertible debentures and bonds excl current portion . . . . . . . . . . . . . . . . . . 1450
Secured long term optionally convertible debentures and bonds excl current portion . . . . . . . . . . . . . . . . 1451
Of which : secured debentures & bonds redeemable in the current year excl current portion . . . . . . . . . . . . . 1452
Unsecured long term debentures and bonds excl current portion . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1453
Unsecured long term convertible debentures and bonds excl current portion . . . . . . . . . . . . . . . . . . . . . 1454
Unsecured long term non-convertible debentures and bonds excl current portion . . . . . . . . . . . . . . . . . . . 1455
Of which : unsecured debentures & bonds redeemable in the current year excl current portion . . . . . . . . . . . . 1456
Long term foreign currency borrowings excl current portion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1457
Secured long term foreign currency borrowings excl current portion . . . . . . . . . . . . . . . . . . . . . . . . . . 1458
Secured long term external commercial borrowings (including euro bonds) excl current portion . . . . . . . . . . . 1459
Of which : secured long term foreign currency convertible bonds excl current portion . . . . . . . . . . . . . . . 1460
Of which : secured long term foreign currency non-convertible bonds excl current portion . . . . . . . . . . . . . 1461
Secured long term foreign suppliers credit excl current portion . . . . . . . . . . . . . . . . . . . . . . . . . . . 1462
Unsecured long term foreign currency borrowings excl current portion . . . . . . . . . . . . . . . . . . . . . . . . . 1463
Unsecured long term external commercial borrowings (including euro bonds) excl current portion . . . . . . . . . 1464
Of which : unsecured foreign currency convertible bonds excl current portion . . . . . . . . . . . . . . . . . . . 1465
Of which : unsecured long term foreign currency non-convertible bonds excl current portion . . . . . . . . . . . 1466
Of which : unsecured long term foreign currency sub-ordinated debt excl current portion . . . . . . . . . . . . . 1467
Unsecured long term foreign suppliers credit excl current portion . . . . . . . . . . . . . . . . . . . . . . . . . . 1468
Long term loans from promoters, directors and shareholders (individuals) excl current portion . . . . . . . . . . . . . 1469
Secured long term loans from promoters, directors and shareholders (individuals) excl current portion . . . . . . . . 1470
Unsecured long term loans from promoters, directors and shareholders excl current portion . . . . . . . . . . . . . . 1471
Long term inter-corporate loans excl current portion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1472
Secured long term inter-corporate loans excl current portion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1473
Secured long term loans from subsidiary companies excl current portion . . . . . . . . . . . . . . . . . . . . . . . 1474
Secured long term loans from group and assoc. business enterprises excl current portion . . . . . . . . . . . . . . . 1475
Secured long term loans from other business enterprises excl current portion . . . . . . . . . . . . . . . . . . . . . 1476
Unsecured long term inter-corporate loans excl current portion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1477
Unsecured long term loans from subsidiary companies excl current portion . . . . . . . . . . . . . . . . . . . . . 1478
Unsecured long term loans from group & associate business enterprises excl current portion . . . . . . . . . . . . . 1479
Unsecured long term loans from other business enterprises excl current portion . . . . . . . . . . . . . . . . . . . 1480
Long term deferred credit excl current portion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1481
Secured long term deferred credit excl current portion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1482
Secured long term domestic suppliers / buyer credit excl current portion . . . . . . . . . . . . . . . . . . . . . . . 1483
Unsecured long term deferred credit excl current portion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1484
Unsecured long term domestic suppliers / buyers credit excl current portion . . . . . . . . . . . . . . . . . . . . . 1485
Interest accrued and due (long term) on borrowings excl current portion . . . . . . . . . . . . . . . . . . . . . . . . . 1486
Interest accrued and due (long term) on secured borrowings excl current portion . . . . . . . . . . . . . . . . . . . . 1487
Interest accrued and due (long term) on unsecured borrowings excl current portion . . . . . . . . . . . . . . . . . . 1488
Long term maturities of finance lease obligations excl current portion . . . . . . . . . . . . . . . . . . . . . . . . . . 1489
Secured long term maturities of finance lease obligations excl current portion . . . . . . . . . . . . . . . . . . . . . 1490
Unsecured long term maturities of finance lease obligations excl current portion . . . . . . . . . . . . . . . . . . . . 1491
Long term fixed deposits excl current portion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1492
Long term fixed deposits from public excl current portion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1493
Long term fixed deposits from promoters, directors and shareholders excl current portion . . . . . . . . . . . . . . . 1494
Long term fixed deposits raised by financial institutions and NBFCs excl current portion . . . . . . . . . . . . . . . 1495
Other long term borrowings excl current portion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1496
Secured other long term borrowings excl current portion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1498
Unsecured other long term borrowings excl current portion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1500
Sub-ordinated debt excl current portion (banks and finance companies) . . . . . . . . . . . . . . . . . . . . . . . . . 1502
Long term borrowings from RBI excl current portion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1503
Long term borrowings guaranteed by directors excl current portion . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1504
Deferred tax liability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1506
Other long term liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1507
Long term trade and capital payables and acceptances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1508
Long term trade and capital payables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1509
Long term trade payables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1510
Long term payables for capital works . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1511
Long term acceptances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1512
Deposits and advances from customers and employees (long term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1513
Long term security deposits and trade deposits and dealer deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . 1514
Long term advances from customers on capital account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1515
Long term advances from customers on revenue account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1516
Long term deposits from employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1517
Interest accrued but not due (long term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1518
Interest accrued but not due on long term borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1519
Interest accrued and not due on secured borrowings (long term) . . . . . . . . . . . . . . . . . . . . . . . . . . . 1520
Interest accrued and not due on unsecured borrowings (long term) . . . . . . . . . . . . . . . . . . . . . . . . . . 1521
Interest accrued on trade payables (long term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1522
Interest accrued on others (long term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1523
Other miscellaneous long term liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1524
Long term provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1525
Corporate tax provision (long term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1526
Other direct & indirect tax provisions (long term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1527
Wealth tax provision (long term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1528
Agricultural tax provision (long term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1530
Provision for indirect taxes (long term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1531
Other direct tax provision (long term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1532
Provision for employee benefits (long term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1533
Provision for gratuity (long term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1534
Provision for vrs (long term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1535
Long term provision for other employee related issues (leave, wage agreement, etc.) . . . . . . . . . . . . . . . . . . 1536
Provision for doubtful trade receivables, advances & NPAs (long term) . . . . . . . . . . . . . . . . . . . . . . . . . . 1537
Provision for doubtful trade receivables (long term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1538
Provision for doubtful advances & NPAs (long term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1539
Other long term provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1541
Long term provision for premium payable on redemption of bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . 1542
Long term provision for estimated loss on derivatives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1543
Long term provision for warranty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1544
Long term provision for estimated loss on onerous contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1545
Current liabilities & provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1546
Current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1547
Short-term borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1548
Short-term borrowing from banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1549
Secured bank borrowings (short term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1550
Bank overdraft (short term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1551
Equity shares allotted during past five years pursuant to the scheme of mergers & acquisitions . . . . . . . . . . . . . 1719
Equity shares allotted during past five years on conversion of loans and debt . . . . . . . . . . . . . . . . . . . . . . 1720
Equity shares allotted during past five years on conversion of convertible warrants . . . . . . . . . . . . . . . . . . . 1721
Equity shares allotted during past five years on conversion of ECB, FCCB. . . . . . . . . . . . . . . . . . . . . . . 1722
Equity shares allotted during past five years in ESOPs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1723
Equity shares allotted during past five years on conversion of preference share . . . . . . . . . . . . . . . . . . . . . 1724
Equity shares issued against ADRs/GDRs during past five years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1725
Equity shares re-converted in ADRs and GDRs during past five years . . . . . . . . . . . . . . . . . . . . . . . . . . 1727
Call in arrears amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1728
Call in arrears (directors) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1729
Call in arrears (others) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1730
Reduction in equity capital amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1731
Buy back of shares amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1732
Reduction in equity capital (other than buy-back) amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1733
Reduction in equity capital shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1734
Buy back of shares shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1735
Reduction in equity capital (other than buy-back) shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1736
Total amount paid on buy-back including premium . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1737
Bonus share capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1738
Bonus shares issued during past five years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1739
Bonus shares issued . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1740
Rights shares issued during the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1741
Bills for collection (banks) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1742
Deposits accepted by commercial banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1743
Deposits from india . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1743
Deposits from outside india . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1744
Term deposits from outside India . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1745
Savings deposits from outside India . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1746
Demand deposits from outside India . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1747
Derived Indicators of Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1748
Shares in lakhs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1748
Authorised equity shares (in lakhs) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1748
Issued equity shares (In lakhs) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1749
Subscribed net equity shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1750
Paid-up equity shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1751
Paid-up pref shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1752
Equity allot without payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1753
Reduction in equity cap shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1754
Equity capital alloted without payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1755
Shareholders funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1756
Net worth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1757
Tangible net worth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1758
Share application money and advances (Eq & Pref) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1759
Cumulative retained profits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1760
Free reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1761
Specific reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1762
Total outside liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1763
Total term liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1764
Current liabilities incl long term portion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1765
Cost of production - work in progress . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1766
Decrease increase in working capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1767
Long term borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1768
Long term borrowings central state govt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1768
Long term borrowings corporate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1769
Long term borrowings debentures bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1770
Long term borrowings deferred credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1771
Long term borrowings fixed deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1772
Furniture, social amenities and other fixed assets additions due to revaluation . . . . . . . . . . . . . . . . . . . . . 2238
Furniture, social amenities and other fixed assets deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2239
Furniture, social amenities and other fixed assets cumulative depreciation . . . . . . . . . . . . . . . . . . . . . . . 2240
Furniture, social amenities and other fixed assets depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2241
Furniture, social amenities and other fixed assets, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2242
Gross fixed assets additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2243
Gross fixed assets additions due to revaluation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2244
Gross fixed assets deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2245
Gross fixed assets cumulative depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2246
Gross fixed assets depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2247
Net fixed assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2248
Net lease reserve adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2249
Cumulative arrears of depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2250
Provision for impairment and other diminution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2251
Pre-operative expenses pending allocation, gross . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2252
Pre-operative Interest expenses, gross . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2253
Pre-operative employee compensation, gross . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2254
Pre-operative other expenses, gross . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2255
Pre-operative income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2256
Pre-operative expenses allocated to fixed assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2257
Pre-operative expenses transferred to miscellaneous expenditure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2258
Pre-operative expenses written off . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2259
Pre-operative expenses pending allocation, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2260
Capital work-in-progress . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2261
Long term loans and advances by finance companies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2262
Term loans (long term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2263
Long term housing loans by finance companies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2264
Institution and inter-bank advances (long term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2265
Long term advances and deposits with government and statutory authorities . . . . . . . . . . . . . . . . . . . . . . . 2266
Receivables against stock hired out (long term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2267
Net investments in long term leases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2268
Other long term advances by finance companies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2269
Of which 1: secured long term loans made by finance companies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2270
Of which 2: unsecured long term loans made by finance companies . . . . . . . . . . . . . . . . . . . . . . . . . . . 2271
Of which 3: long term loans to priority sector made by finance companies . . . . . . . . . . . . . . . . . . . . . . . . 2272
Of which 4: long term advances by finance companies to public sector . . . . . . . . . . . . . . . . . . . . . . . . . . 2273
Of which 5: long term overseas loans made by finance companies . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2274
Long term investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2275
Long term investment in equity shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2276
Long term investment in equity shares of group companies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2277
Long term investment in equity shares of other than group companies . . . . . . . . . . . . . . . . . . . . . . . . . 2278
Long term investment in preference shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2279
Long term investment in preference shares of group companies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2280
Long term investment in preference shares of other than group companies . . . . . . . . . . . . . . . . . . . . . . . 2281
Long term investment in debt instruments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2282
Long term in debt instruments (incl. debentures) other than government debentures and bonds . . . . . . . . . . . . 2283
Long term investment in debt instruments of group companies . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2284
Long term investment in debt instruments of other than group companies . . . . . . . . . . . . . . . . . . . . . . 2285
Long term investment in bonds and securities of government and local bodies . . . . . . . . . . . . . . . . . . . . . 2286
Long term investment in dated securities and t-bills of govt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2287
Long term investment in other securities of govt and local bodies . . . . . . . . . . . . . . . . . . . . . . . . . . . 2288
Long term investment in mutual funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2289
Long term investment in mutual funds of group companies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2290
Long term investment in mutual funds of other than group companies . . . . . . . . . . . . . . . . . . . . . . . . . 2291
Long term investment in approved securities (for SLR and other statutory requirement) . . . . . . . . . . . . . . . . . 2292
Long term investment in assisted companies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2293
Long term investment in others . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2294
Book value of shares, debt instruments & units of group companies (short term) . . . . . . . . . . . . . . . . . . . . 2579
Book value of shares, debt instruments & units of other companies (short term) . . . . . . . . . . . . . . . . . . . . 2580
Book value of quoted govt. securities (short term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2581
Market value of quoted investments (short term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2582
Short term marketable securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2583
Short term marketable securities of group companies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2584
Short term marketable securities of other companies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2585
Other short term securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2586
Short term trade investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2587
Short term non-trade investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2588
Short term investments outside India . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2589
Of which: overseas investments in group companies (short term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2590
Short term investments lodged as security . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2591
Non provision for dimin in value of investments (short term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2592
Non provn. for dimin in value of invst of group cos. (short term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2593
Non provn. for dimin in value of other invsts. (short term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2594
Addendum information of short term loans & advances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2595
Short term loans & advances considered good & secured . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2595
Short term loans & advances considered good but no security . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2596
Short term loans & advances considered bad & doubtful . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2597
Short term loans & advances due from firms in which directors, etc are interested . . . . . . . . . . . . . . . . . . . . 2598
Short term loans & advances due from directors,md and managers . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2599
Maximum amount due from directors, etc. (short term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2600
Non provision for bad and doubtful loans & advances (short term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2601
Addendum information of short term inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2602
Of which : increase in inventories due to change in valuation (short term) . . . . . . . . . . . . . . . . . . . . . . . . 2602
Of which : decrease in inventories due to change in valuation (short term) . . . . . . . . . . . . . . . . . . . . . . . . 2603
Of which : provision / write off due to obsolescence (short term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2604
Excise duty on stock of finished goods (short term) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2605
Derived Indicators of Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2606
Assets net of revaluation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2606
Total assets net of reval . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2606
Gross fixed assets net of reval . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2607
Net fixed assets net of reval . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2608
Other derived indicators of assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2609
Short term cash and bank balance (Derived) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2609
Gross fixed assets, net addition in year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2610
Goodwill, net addition in year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2611
Plant, net addition in year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2612
Communication equipment, net addition in year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2613
Computer IT, net addition in year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2614
Electrical installation & fittings, net addition in_year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2615
Software, net addition in year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2616
Transport infrastructure, net addition in year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2617
Transport vehicles, net addition in year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2618
Building, net addition in year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2619
Other intangible assetes, net addition in year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2620
Furniture, social and other fixed assets, net addition in year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2621
Total accrued income incl interest receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2622
Average balance sheet indicators . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2623
Average total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2623
Average total assets net of reval . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2624
Average gross fixed assets net of reval . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2625
Average net fixed assets net of reval . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2626
Average debtors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2627
Average loan and advances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2628
Average net worth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2629
Plant & machinery, computer and electrical assets additions due to revaluation . . . . . . . . . . . . . . . . . . . . . 2797
Plant & machinery, computer and electrical assets deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2798
Plant & machinery, computer and electrical assets cumulative depreciation . . . . . . . . . . . . . . . . . . . . . . . 2799
Plant & machinery, computer and electrical assets depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2800
Plant & machinery, computers and electrical assets, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2801
Transport & communication equipment and infrastructure, gross . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2802
Transport infrastructure, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2803
Transport infrastructure, gross . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2804
Transport infrastructure additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2805
Transport infrastructure additions due to revaluation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2806
Transport infrastructure deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2807
Transport infrastructure cumulative depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2808
Transport infrastructure depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2809
Transport equipment and vehicles, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2810
Transport equipment and vehicles, gross . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2811
Transport equipment and vehicles additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2812
Transport equipment and vehicles additions due to revaluation . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2813
Transport equipment and vehicles deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2814
Transport equipment and vehicles cumulative depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2815
Transport equipment and vehicles depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2816
Communication equipment, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2817
Communication equipment, gross . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2818
Communication equipment additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2819
Communication equipment additions due to revaluation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2820
Communication equipment deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2821
Communication equipment cumulative depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2822
Communication equipment depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2823
Transport and communication equipment additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2824
Transport and communication equipment additions due to revaluation . . . . . . . . . . . . . . . . . . . . . . . . . 2825
Transport and communication equipment deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2826
Transport and communication equipment cumulative depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . 2827
Transport and communication equipment depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2828
Transport & communication equipment and infrastructure, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2829
Furniture, social amenities and other fixed assets, gross . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2830
Furniture and fixtures, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2831
Furniture and fixtures, gross . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2832
Furniture and fixtures additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2833
Furniture and fixtures additions due to revaluation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2834
Furniture and fixtures deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2835
Furniture and fixtures cumulative depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2836
Furniture and fixtures depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2837
Social amenities, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2838
Social amenities, gross . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2839
Social amenities additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2840
Social amenities additions due to revaluation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2841
Social amenities deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2842
Social amenities cumulative depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2843
Social amenities depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2844
Other fixed assets, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2845
Other fixed assets, gross . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2846
Other fixed assets additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2847
Other fixed assets additions due to revaluation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2848
Other fixed assets deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2849
Other fixed assets cumulative depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2850
Other fixed assets depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2851
Furniture, social amenities and other fixed assets additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2852
Furniture, social amenities and other fixed assets additions due to revaluation . . . . . . . . . . . . . . . . . . . . . 2853
Trade receivables from group cos. o/s for more than 6 months . . . . . . . . . . . . . . . . . . . . . . . . . . 3024
Trade receivables from group cos. o/s for less than 6 months . . . . . . . . . . . . . . . . . . . . . . . . . . . 3025
Trade receivables outstanding from key management personnel(KMP) and entities in which KMP are interested . 3026
Trade receivables from KMP o/s for more than 6 months . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3027
Other trade receivables o/s from KMP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3028
Bills receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3029
Other short term receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3030
Accrued income including interest receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3031
Lease rent receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3032
Receivables on account of exchange fluctuations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3033
Receivables for sale of investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3034
Other miscellaneous receivables (incl. lease terminal adjustment) . . . . . . . . . . . . . . . . . . . . . . . . . . 3035
Inter-office adjustments of receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3036
Other non-banking current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3037
Cash and bank balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3038
Cash balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3039
Cash in hand . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3040
Cash in transit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3041
Cheques and drafts in hand . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3042
Bank balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3043
Balance in banks within India . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3044
Current account in banks within India . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3045
EEFC accounts in banks (Exchange earnings foreign currency) . . . . . . . . . . . . . . . . . . . . . . . . . . . 3046
Deposit accounts in banks within India . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3047
Margin money with banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3048
Fixed deposits with banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3049
Fixed deposits lodged as security . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3050
Money at call with banks in India . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3051
Balance in banks outside India . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3052
Current account in banks outside India . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3053
Deposit accounts in banks outside India . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3054
Money at call with banks outside India . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3055
Balance with RBI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3056
Balances in earmarked accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3057
Unpaid dividend account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3058
Unpaid matured deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3060
Unpaid matured debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3061
Share application money due for refund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3062
Other earmarked accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3063
Other balances (incl. deposits with post offices, FIs, etc) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3064
Foreign currency account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3065
Cash & bank balances on account of hiving of unit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3066
Cash & bank balances on account of merger . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3067
Assets held for sale and transfer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3068
Loans & advances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3069
Loans and advances to employees and directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3070
Capital advances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3071
Loans provided to companies, departmental undertakings and business enterprises . . . . . . . . . . . . . . . . . . . . 3072
Loans provided to group companies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3073
Interest free loans provided to group companies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3074
Interest bearing loans provided to group companies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3075
Loans provided to non-group business enterprises . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3076
Interest free loans provided to non-group business enterprises . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3077
Interest bearing loans provided to non-group business enterprises . . . . . . . . . . . . . . . . . . . . . . . . . . . 3078
Loans provided to departmental undertakings and SEBs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3079
Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3080
Security deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3081
Notional principal of exchange traded IRD - Options undertaken during the year by NBFC . . . . . . . . . . . . . 4016
Notional principal of exchange traded IRD - Other instruments undertaken during the year by NBFC . . . . . . . . 4017
Notional principal of exchange traded IR derivatives o/s as on year end of the NBFC . . . . . . . . . . . . . . . . . 4018
Notional principal of exchange traded IRD - Futures o/s as on year end of the NBFC . . . . . . . . . . . . . . . . 4018
Notional principal of exchange traded IRD - Options o/s as on year end of the NBFC . . . . . . . . . . . . . . . . 4019
Notional principal of exchange traded IRD - Other instruments o/s as on year end of the NBFC . . . . . . . . . . . 4020
Notional principal of exchange traded IR derivatives o/s and not highly effective (NBFC) . . . . . . . . . . . . . . . 4021
Notional principal of exchange traded IRD - Futures o/s and not highly effective (NBFC) . . . . . . . . . . . . . . 4021
Notional principal of exchange traded IRD - Options o/s and not highly effective (NBFC) . . . . . . . . . . . . . . 4022
Notional principal of exchange traded IRD - Other instruments o/s and not highly effective (NBFC) . . . . . . . . . 4023
MTM value of exchange traded IR derivatives o/s and not highly effective (NBFC) . . . . . . . . . . . . . . . . . . 4024
MTM value of exchange traded IRD - Futures o/s and not highly effective (NBFC) . . . . . . . . . . . . . . . . . 4024
MTM value of exchange traded IRD - Options o/s and not highly effective (NBFC) . . . . . . . . . . . . . . . . . 4025
MTM value of exchange traded IRD - Other instruments o/s and not highly effective (NBFC) . . . . . . . . . . . . 4026
Quantitative disclosures of risk exposures in currency derivatives (NBFCs) . . . . . . . . . . . . . . . . . . . . . . . 4027
Notional Principal Amount of Currency Derivatives for hedging (NBFCs) . . . . . . . . . . . . . . . . . . . . . . . 4027
Marked to market positions - currency derivatives - Net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4028
Mark-to-market Position of Currency Derivatives - Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4029
Mark-to-market Position of Currency Derivatives - Liability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4030
Credit exposures of Currency Derivatives (NBFCs) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4031
Unhedged exposures of Currency Derivatives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4032
Quantitative disclosures of risk exposure in interest rate derivatives (NBFCs) . . . . . . . . . . . . . . . . . . . . . . 4033
Notional Principal Amount of interest rate Derivatives for hedging (NBFCs) . . . . . . . . . . . . . . . . . . . . . . 4033
Marked to market positions - interest rate derivatives - Net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4034
Mark-to-market Position of interest rate Derivatives - Asset . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4035
Mark-to-market Position of interest rate Derivatives - Liability . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4036
Credit exposures of interest rate Derivatives (NBFCs) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4037
Unhedged exposures of interest rate Derivatives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4038
Disclosures of Securitisation/Special Purpose Vehicles and Minimum Retention Requirements by NBFCs . . . . . . . . 4039
No of SPVs sponsored by the NBFC for securitisation transactions . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4039
Total amount of securitised assets as per books of the SPVs sponsored . . . . . . . . . . . . . . . . . . . . . . . . . . 4040
Total amount of exposures retained by the NBFC to meet MRR as on the BS date . . . . . . . . . . . . . . . . . . . . 4041
Off-balance sheet exposures (MMR) - First loss (NBFC) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4041
Off-balance sheet exposures (MMR) - Others (NBFC) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4042
On-balance sheet exposures (MMR) - First loss (NBFC) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4043
On-balance sheet exposures (MMR) - Others (NBFC) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4044
Amount of exposures to securitisation transactions other than MRR (NBFC) . . . . . . . . . . . . . . . . . . . . . . . 4045
Off-balance sheet exposures to own securitisations - First loss (NBFC) . . . . . . . . . . . . . . . . . . . . . . . . . 4045
Off-balance sheet exposures to own securitisations - Others (NBFC) . . . . . . . . . . . . . . . . . . . . . . . . . . 4046
Off-balance sheet Exposures to third party securitisations - First loss (NBFC) . . . . . . . . . . . . . . . . . . . . . 4047
Off-balance sheet Exposures to third party securitisations - Others (NBFC) . . . . . . . . . . . . . . . . . . . . . . 4048
On-balance sheet exposures to own securitisations - First loss (NBFC) . . . . . . . . . . . . . . . . . . . . . . . . . 4049
On-balance sheet exposures to own securitisations - Others (NBFC) . . . . . . . . . . . . . . . . . . . . . . . . . . 4050
On-balance sheet Exposures to third party securitisations - First loss (NBFC) . . . . . . . . . . . . . . . . . . . . . 4051
On-balance sheet Exposures to third party securitisations - Others (NBFC) . . . . . . . . . . . . . . . . . . . . . . . 4052
Financial Assets sold to Securitisation/ARCs for Asset Reconstruction by NBFCs . . . . . . . . . . . . . . . . . . . . . 4053
No. of A/Cs sold to SC/ARC by NBFCs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4053
Aggregate value (net of provisions) of A/Cs sold to SC /ARC by NBFCs . . . . . . . . . . . . . . . . . . . . . . . . . 4054
Aggregate consideration for financial assets sold to SC/ARC by NBFCs . . . . . . . . . . . . . . . . . . . . . . . . . 4055
Additional consideration realised for A/Cs trfrd. By NBFCs to SC/ARC in earlier years . . . . . . . . . . . . . . . . . 4056
Aggregate gain/loss over net book value of financial assets sold by NBFC to SC/ARC . . . . . . . . . . . . . . . . . . 4057
Details of Assignment transactions undertaken by NBFCs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4058
No. of A/Cs for which Assignment transactions undertaken . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4058
Aggregate value (net of provision) of A/Cs sold under Assignment . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4059
Aggregate consideration for Assignment transactions undertaken . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4060
Additional consideration realised for A/Cs trfd. under assignment transaction in earlier years . . . . . . . . . . . . . . 4061
Aggregate gain/loss over net book value for assignment transactions undertaken . . . . . . . . . . . . . . . . . . . . . 4062
Foreign currency assets: 6 months & above but less than 1 year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4276
Foreign currency assets: 1 year & above but less than 2 years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4277
Foreign currency assets: Over one year to 3 years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4278
Foreign currency assets: 2 years & above but less than 3 years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4279
Foreign currency assets: 3 years & above but less than 5 years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4280
Foreign currency assets: 5 years & above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4281
Foreign currency liabilities: Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4282
Foreign currency liabilities: 1-14 days . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4283
Foreign currency liabilities: 15-28 days . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4284
Foreign currency liabilities: 29 days to 3 months . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4285
Foreign currency liabilities: Upto 90 days . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4286
Foreign currency liabilities: 91 days & above but less than 6 months . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4287
Foreign currency liabilities: Repayable on demand/notice or in less than 6 months . . . . . . . . . . . . . . . . . . . . . 4288
Foreign currency liabilities: 6 months & above but less than 1 year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4289
Foreign currency liabilities: 1 year & above but less than 2 years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4290
Foreign currency liabilities: Over one year to 3 years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4291
Foreign currency liabilities: 2 years & above but less than 3 years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4292
Foreign currency liabilities: 3 years & above but less than 5 years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4293
Foreign currency liabilities: 5 years & above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4294
Assets: Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4295
Assets: upto 1 month . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4296
Assets: 1 to 2 months . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4297
Assets: 2 to 3 months . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4298
Assets: 91 days to 6 months . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4299
Assets: 6 months to 1 year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4300
Assets: 1 to 3 years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4301
Assets: 3 to 5 years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4302
Assets: 5 years and above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4303
Liabilities: Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4304
Liabilities: upto 1 month . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4305
Liabilities: 1 to 2 months . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4306
Liabilities: 2 to 3 months . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4307
Liabilities: 91 days to 6 months . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4308
Liabilities: 6 months to 1 year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4309
Liabilities: 1 to 3 years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4310
Liabilities: 3 to 5 years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4311
Liabilities: 5 years and above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4312
Market borrowings: Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4313
Market borrowings: upto 1 month . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4314
Market borrowings: 1 to 2 months . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4315
Market borrowings: 2 to 3 months . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4316
Market borrowings: 91 days to 6 months . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4317
Market borrowings: 6 months to 1 year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4318
Market borrowings: 1 to 3 years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4319
Market borrowings: 3 to 5 years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4320
Market borrowings: 5 years and above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4321
Borrowings from bank: Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4322
Borrowings from bank: upto 1 month . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4323
Borrowings from bank: 1 to 2 months . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4324
Borrowings from bank: 2 to 3 months . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4325
Borrowings from bank: 91 days to 6 months . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4326
Borrowings from bank: 6 months to 1 year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4327
Borrowings from bank: 1 to 3 years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4328
Borrowings from bank: 3 to 5 years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4329
Borrowings from bank: 5 years and above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4330
Industry-wise distribution: Basel II(Pillar 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4330
Prowess company code . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4331
Date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4332
Reported industry name . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4333
Total exposure as % of All Industries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4334
Fund based exposure as % of All Industries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4335
Non-fund based exposure as % of All Industries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4336
Total exposure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4337
Standard assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4338
Non-performing assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4339
Fund based exposure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4340
Fund based standard assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4341
Fund based non-performing assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4342
Non-fund based exposure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4343
Non-fund based standard assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4344
Non-fund based non-performing assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4345
Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4345
Prowess company code . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4346
Date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4347
Type of invested security . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4348
Company code of the invested entity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4349
Seq number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4350
Description of security . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4351
Currency of the face value of the inter-corporate investment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4352
Face value of inter-corporate investment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4353
Number of units invested in . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4354
Book value of inter-corporate investment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4355
Note on invested security . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4356
Maturity date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4357
Interest rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4358
Serial number of inter-corporate investment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4359
Interim Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4359
Prowess company code . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4360
Information type . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4361
Date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4362
Months . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4363
Source . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4364
Total income from continuing operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4365
Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4366
Interest/discounts on advances/bills (For banks only) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4367
Income from investments (For banks only) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4368
Interest on deposits with RBI (For banks only) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4369
Interest from other sources (For banks only) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4370
Export income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4371
Fiscal benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4372
Other income & extra-ordinary income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4373
Other income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4374
Forex gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4375
Profit on sale of investment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4376
Share of profit of associates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4377
Carbon credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4378
Extra-ordinary income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4379
Profit on sale of assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4380
Tax refund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4381
Provisions written back . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4382
Miscellaneous extra-ordinary income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4383
Addendum indicators of income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4384
Gross sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4384
Indirect taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4385
Chapter 1
23 - Arunachal Pradesh
24 - Goa
25 - Uttaranchal
26 - Chhattisgarh
27 - Jharkhand
52 - Andaman & Nicobar
53 - Chandigarh
54 - Dadra & Nagar Haveli
55 - Delhi
56 - Daman & Diu
57 - Lakshadweep
58 - Mizoram
59 - Pondicherry
60 - Pune
61 - Coimbatore
62 - Telangana
All companies in the Prowess database are mapped to a product or a service in CMIEs standardised products and
services classification. This mapping reflects the companys main economic activity during a year.
For example, a company that essentially manufactures fertilisers is mapped to fertilisers in the standardised products
and services classification. A company that is engaged essentially in trading in fertilisers is mapped to trading.
What matters is the economic activity and not just the product involved.
A companys industry classification can change over time. Thus, every company is mapped to the products and
services classification for each of the years for which its financial statements are available. However, in this
datafield only the latest classification is available.
This data field stores the main product/service group for the latest period for which some financial performance
data is available. The main product/ service group of a company is stored for every annual financial period for
which data is available and also for every quarter for which financial data is available. The former is sourced from
the Annual Report and the latter is available only for listed companies. The main product/service group in the latest
of these financial records is stored in this data field.
In some cases a company may exist in the Prowess database and it may have no financial records based on quarterly
releases or Annual Report. This happens when a large company makes an initial public offering of shares. In such
cases, the classification is derived from the offer document.
CMIEs standardised products and services classification is a tree-like organisation of all products and services.
The structure can be picturised as a set of groups of products/services at the broadest level. For example, chemicals
or base metals are broad groups. Each such group consists of sub-groups of products/services. A sub-group can
again consist of sub-sub-groups and, so on. Finally, all groups, sub-groups, sub-sub-sub groups, etc. consist of
individual products or services. The groups and sub-groups are a way of organising products/services into logical
collections.
Such an organisation can be called a "tree" structure, where each group is a node and each product is a leaf. A node
consists of further nodes or leaves. A leaf is the final product in a branch.
This logical organisation of products/services encapsulates knowledge of the organisation of products and services.
For example, it contains the knowledge that chloroform is also called tri-chloromethane, which is one of the various
chloromethanes, which in turn is a halogenated derivative of hydrocarbons.
The product and services classification developed by CMIE is based on the Indian Trade Classification (ITC) which,
in turn is based on the Harmonised Commodity Description and Coding System, commonly known as the HS. The
ITC system covers only commodities and no services or utilities. CMIE has added these for its classification
system.
A company is classified under a particular industry if more than half of its sales originates from the particular
industry or industry group. The industry group could be any product or a product group in the CMIE products and
services classification structure.
The detailed break-up of sales provided by companies in their Annual Reports under section 3(i), (ii) and 4(D) of
Part II of Section VI of the Companies Act, 1956 is the main source of the information used to classify companies
by industry groups. At times, information is also taken from other sources within the Annual Report. Typically,
companies reveal their income from services in the profit and loss account or in the Schedules to these and not
in the disclosures mentioned above. Sometimes, CMIE accesses information available outside the Annual Report
also. But such cases are rare.
A company is classified at the most detailed possible level in the CMIE industry classification structure - possibly,
at some leaf-level product in the classification structure.
However, if it is not possible to classify the company against a single product (i.e. if the sales from no single
product accounts for more than half the sales of the company), then CMIE tries to classify the company at the first
level of aggregation, i.e. it tries to find the logical group of products corresponding to a node in the structured
classification system, whose sales account for more than half of the sales of the company. And, if even this does
not work, the effort moves up the classification structure to broader groups, till the sales of all the products under
the node collectively account for more than half the sales of the company.
For example, take a company manufacturing urea, ammonium chloride, single super phosphate and diammonium
phosphate. We see that all these chemicals are fertilisers. If say, urea accounted for more than half the sales of the
company, it would be classified as a urea company. However, if no single product accounted for more than half the
sales, but urea and ammonium chloride together accounted for more than half the sales, then the company would
be classified as a nitrogenous fertiliser manufacturing company. If even these did not collectively account for more
than half the sales, then the company would be classified as a fertiliser manufacturing company.
If a company cannot be classified under any product or product group in the industry classification structure because
there are a large number of products and none of them singly or logically collectively account for more than half
the total sales of the company at any node, then the company is classified as a diversified company.
Each company in the database is classified uniquely against only one industry in the CMIE classification of products
and services for a year.
Products and services classification tree
business is hived off from a company and turned into a new business, or when a government department becomes a
company under the Companies Act. We have tried to correct for this anomaly in recent years. But, it is not possible
to entirely deal with the past. Thus, for all practical purposes we use the year of incorporation as the measure of
the age of a company.
Each company in the database is classified uniquely against only one age group. Unlike other classifications, the
age-group classification is a relatively static classification and does not change from year to year.
Description:
This data field stores the size decile (decile1, decile2,...decile10) of the company.
Companies are classified by size, based on their relative position in the overall distribution of companies by size.
There are two problems we grapple within doing so. The first problem is the indicator to be used for measurement
of size and the second is the definition of the size bins.
Sales is the most commonly quoted indicator for size in all popular references to a company. There is merit in this
measure as it reflects an outcome of a companys business and is the least contaminated by valuation complications.
Sales are always expressed in current values. There are no historical values in sales that need to be adjusted. Sales
are comparable across companies and can thus be used for ranking of companies by size.
More importantly, a purely trading companys sales is larger than its true size as compared to the sales of a manu-
facturing company. In such a case, assets could be a better measure of size. The size of the assets of a company is
also not vulnerable to business cycles.
However, assets have a valuation problem. The total assets of a company is the sum of different historical values
of different components of total assets. Further, different companies use different rates of depreciation. This has
implications on the values of total net assets of the companies. Assets also end up underestimating the size of large
labour-intensive service industry companies such as software development.
Measures such as profits or value added can assume negative values and run against our intuitive thinking of size.
These values are a lot more volatile than sales or assets and therefore not suitable for measurement of size.
Interestingly, the problems in sales and assets as measures of size offset each other and thus a combination of the
two is a good measure of the size of a company. While sales are vulnerable to business cycles, assets are not. While
assets understate the importance of the services sector, sales do not. While assets have a valuation problem, sales
is the least controversial. Sales and assets, therefore are complimentary measures in many ways in determining the
size of a company.
Size is thus defined in the Prowess database as the three-year average of the total income and total assets of a
company. I.e. Size = 3 yearaverage(totalincome + totalassets)
Size bins should be derived from the data and should not be arbitrarily set a priori. Bins should also not be frozen
in time; they should change from year-to-year to reflect the evolution of absolute values and their distribution.
To make the deciles, CMIE sorts the companies in descending order of size. This sorted list is divided into ten
equal parts. The cut off points are the limits of the ten size bins for deciles. Such an exercise is carried out twice
a year for all companies for all years in the database. Each such exercise leads to the generation of new cut-off
points.
Since the bins are created every six months, it is possible that companies do move from one bin to another depending
upon its new position in the new distribution of all companies.
Chapter 2
Description:
This datafield stores the abbreviated term for the purpose of the meeting. The abbreviations are created by CMIE
from the information provided by the stock exchange. The list of abbreviations in use is listed below.
Abbreviation Purpose
Abbreviation Purpose
GEN General
HIVE Hiving off a division into separate company
HYR Half Year results
IDIV Interim Dividend
JV Joint Venture
LISTING Listing of equity shares on regional stock ex-
change
Merg Merger
OTHR Others
PDIV Preference share dividend
PPL Preferential allotment
PROJ Project status
QRT Quarterly results
RDC Record Date Cancelled
Reappoint Reappointment
REDM Redemption
Resign Resignation
RTS Right issue of share
RUDCAP Reduction of Equity Capital
SIDIV Second Interim Dividend
SOA Scheme Of Arrangement
SPLIT Split in equity shares (decrease in face value)
SUBS Forming a Subsidiary
UNAU Unaudited financial results
Table : Subsidiaries
Indicator : Prowess company code
Field : sbshist_cocode
Data Type : field
Unit : Code
Description:
CMIE company code is a numerical code assigned to every company in the CMIE database. This code is unique to
each company. No two companies have the same CMIE company code.
Once alloted, this code is never changed. It is not changed even if the company is merged into another company.
It does not change even if a division of the company is hived off or spun off into a separate company. It does not
change even if the company acquired another company.
The CMIE company code gives a unique identity to the company. It helps in identifying the company across various
tables within the Prowess database. Each table provides a specific kind of information of a company. Information
in any table mapped to a particular company code relates to the company identified by that company. In that sense,
the CMIE company code is an important indicator of the identity of companies. The code can be obtained by using
the identity indicators query trigger in Prowess.
Since the CMIE company code is unique to each company, it would be useful for users to extract the code along
with the company name while dealing with large data sets. It is particularly advisable to do so when a user plans to
take the data outside Prowess into, for example, a spreadsheet for processing or any other use such as comparison
with data obtained from other applications. The CMIE company code comes quite handy while mapping the output
from Prowess with the output from other databases.
Table : Subsidiaries
Indicator : Date
Field : sbshist_date
Data Type : field
Unit : Date
Description:
This datafield stores the date as mentioned on the annual report.
Companies, as a part of related party disclosure, disclose the names of their subsidiaries in the annual report.
A subsidiary is an enterprise that is controlled by another enterprise(known as the parent).
Table : Subsidiaries
Indicator : Name of subsidiary
Field : subsi_name
Data Type : field
Unit : Text
Description:
This field captures the name of the subsidiary of the company.
Companies, as a part of related party disclosure, disclose the names of their subsidiaries in the annual report.
A subsidiary is an enterprise that is controlled by another enterprise(known as the parent).
Table : Subsidiaries
Indicator : Effective date
Field : subsi_effective_date
Data Type : field
Unit : Date
Description:
This datafield stores the date since when the subsidiary was made a part of the parent company.
Table : Subsidiaries
Indicator : Order of appearance of subsidiary
Field : sbshist_order
Data Type : field
Unit : Number
Description:
This datafield stores a number that determines the order in which the name of a subsidiary is supposed to appear in
any output. The order in which the names of subsidiaries are shown in the output is mostly similar to the order that
is there in the annual report.
Table : Auditors
Indicator : Prowess company code
Field : audhist_cocode
Data Type : field
Unit : Code
Description:
CMIE company code is a numerical code assigned to every company in the CMIE database. This code is unique to
each company. No two companies have the same CMIE company code.
Once alloted, this code is never changed. It is not changed even if the company is merged into another company.
It does not change even if a division of the company is hived off or spun off into a separate company. It does not
change even if the company acquired another company.
The CMIE company code gives a unique identity to the company. It helps in identifying the company across various
tables within the Prowess database. Each table provides a specific kind of information of a company. Information
in any table mapped to a particular company code relates to the company identified by that company. In that sense,
the CMIE company code is an important indicator of the identity of companies. The code can be obtained by using
the identity indicators query trigger in Prowess.
Since the CMIE company code is unique to each company, it would be useful for users to extract the code along
with the company name while dealing with large data sets. It is particularly advisable to do so when a user plans to
take the data outside Prowess into, for example, a spreadsheet for processing or any other use such as comparison
with data obtained from other applications. The CMIE company code comes quite handy while mapping the output
from Prowess with the output from other databases.
Table : Auditors
Indicator : Date
Field : audhist_date
Data Type : field
Unit : Date
Description:
This datafield stores the accounting year end of the company. It is the date as mentioned in the annual report.
Table : Auditors
Indicator : Auditor
Field : auditor_name
Data Type : field
Unit : Text
Description:
This datafield stores the name of the auditing firm of the company. The name of the auditor is captured from the
Auditors Report in the annual report.
Table : Auditors
Indicator : Partner name
Field : auditor_partner_name
Data Type : field
Unit : Text
Description:
This data field stores the name of partner of the auditing firm who signs the accounts of the company. The name of
the partner is disclosed in the Auditors report of the annual report.
Table : Auditors
Indicator : Order
Field : audhist_order
Data Type : field
Unit : Number
Description:
A company may have multiple auditors in a year. This datafield stores the order in which the auditors should appear
in the Prowess output.
Table : Bankers
Indicator : Prowess company code
Field : bnkhist_cocode
Data Type : field
Unit : Code
Description:
CMIE company code is a numerical code assigned to every company in the CMIE database. This code is unique to
each company. No two companies have the same CMIE company code.
Once alloted, this code is never changed. It is not changed even if the company is merged into another company.
It does not change even if a division of the company is hived off or spun off into a separate company. It does not
change even if the company acquired another company.
The CMIE company code gives a unique identity to the company. It helps in identifying the company across various
tables within the Prowess database. Each table provides a specific kind of information of a company. Information
in any table mapped to a particular company code relates to the company identified by that company. In that sense,
the CMIE company code is an important indicator of the identity of companies. The code can be obtained by using
the identity indicators query trigger in Prowess.
Since the CMIE company code is unique to each company, it would be useful for users to extract the code along
with the company name while dealing with large data sets. It is particularly advisable to do so when a user plans to
take the data outside Prowess into, for example, a spreadsheet for processing or any other use such as comparison
with data obtained from other applications. The CMIE company code comes quite handy while mapping the output
from Prowess with the output from other databases.
Table : Bankers
Indicator : Date
Field : bnkhist_date
Data Type : field
Unit : Date
Description:
This datafield stores the date of the year-ending of the companys Annual Report.
Table : Bankers
Indicator : Bank
Field : banker_name
Data Type : field
Unit : Text
Description:
This datafield stores the name of the bank which is the banker to the company. A company may have more than
one banker.
Table : Bankers
Indicator : Order
Field : bnkhist_order
Data Type : field
Unit : Number
Description:
A company can have multiple bankers. This datafield stores a number that determines the order in which the banks
should appear in the output.
Chapter 3
Financial Statements
This is the contribution of the change in net fixed assets to the change in sales. Assuming that the change in net
fixed assets is an increase in the same since assets rarely shrink, this is the contribution of increase in sheer size of
the fixed assets to the growth in sales, with no contribution of the change (if any) in the efficiency in the utilisation
of these assets.
Since, this expression does not consider any change in utilisation of fixed assets, S and N F A in the equation N SF A
are the sales and average net fixed assets of previous year, respectively. N SF A is then multiplied by N F A, which
is change in net fixed assets during the current year, to arrive at change in sales with no change in utilisation of
fixed assets.
The sales in consideration here is the sales of all industrial goods and income from all kinds of non-financial
services. The assets is the net fixed assets less revaluation reserves. The assets in consideration for this expression
are also the average of the current and previous accounting years end-of-period assets.
Deferred taxes arise because of the difference between the profit as computed by using generally accepted account-
ing principles and taxable profit as computed using the direct tax laws. Deferred taxes can be assets as well as
liabilities.
If the generally accepted accounting principles lead to the computation of a profit that is lower than the taxable
profit computed using direct tax laws, then this gives rise to a deferred tax asset. On the other hand, if the generally
acceptable accounting principles lead to the computation of a profit that is higher than the taxable profit computed
using direct tax laws then, a deferred tax liability arises.
This data field captures deferred tax liabilities generated during an accounting period.
Tax laws may allow a 100 per cent depreciation on certain assets acquired by a company, during the year of the
acquistion. This could be a form of promotional accelerated depreciation in order to enable lower tax payment in
a year. But a company may actually write off the asset over a larger number of years in its financials, as is usually
the case.
For example, a company invests Rs.10 million in a machinery for research. As per Income Tax laws, this amount
is fully deductible in the year of purchase. So, the tax filing by the company reflects Rs.10 million as depreciation.
The company may, however, in its books depreciate this asset by straight line method at the rate of 25 per cent.
The reduction in the tax liability in the first year because of the accelerated depreciation enhances the profits made
by the company and reported in its Annual Report. Since the companys books of accounts show higher profits,
they also show a higher tax liability. The excess of this tax liability over that computed for the tax authorities is
deferred tax liability.
In the aforementioned case, assuming a tax rate of 40 per cent, the deferred tax liability generated will be 40
per cent of Rs.7.5 million (Rs.10 million less Rs.2.5 million), or Rs.3 million. In subsequent years, the company
would continue to depreciate the machinery in its books of accounts based on the straight line method, but the tax
authorities, having permitted accelerated depreciation in the first year would not recognise this depreciation any
more.
Deferred tax is the tax effect of timing differences. Due to such differences, the company either pays more tax or
less tax than as per company law.
When a company pays less tax than as per company law, it creates a liability (in the companys books of accounts)
to pay the difference in future. In effect, the liability to pay is deferred to the subsequent years.
When it pays more tax than as per company law, it is in the nature of a prepaid expense and therefore is recorded in
the companys books as an asset. Taking credit for such payment is deferred to the following years. The payment
is not recognised/allowed as an expense (against income) in the profit & loss account. The recognition is deferred
to the following years.
Hence, such tax asset created or tax liability created is called deferred taxes.
When a company reports the net figure of deferred tax in the profit & loss account and provides the details of
deferred tax assets and liability for the year under the notes to accounts, CMIE reports the gross amounts of
deferred tax asset and deferred tax liability arising during the year in separate fields.
The differences appear at most broad groupings of data such as total income or total expenses, or (more likely)
at the next level of grouping of data such as sales or raw materials. This is because the constituents of these broad
groupings may have been classified differently in CMIEs standardised format compared to what the company may
have presented.
Many differences cancel out by the time the net profit figure is derived. Yet, there are some differences even at the
net profit level. The Prowess database tries to list the sources of these differences at the net profit level because of
the greater importance of this figure.
Not all companies make profits. When a company makes a loss, i.e. when expenses exceed income, the net profit
after tax figure is prefixed with a negative sign implying a loss.
thereby removes the impact of these changes in the external environment. By excluding financial charges, depre-
ciation, amortisation and direct taxes, the PBDITA comes fairly close to measure the profits that can attributed
largely to the current operations of the company.
A company may be earning healthy PBDITA, but may report low profit after tax (PAT) if there is a higher proportion
of non-operating expenses like finance charges, depreciation, tax and amortisation. This is especially true for a
company that is in the growing stage. Such a company is usually engaged in capital expansion, which it funds
through borrowings. Hence, the company incurs high financial charges. It may also show large depreciation
charges as it has newly acquired assets and on-going expansion plans. These expenses claim a substantial amount
of current profits.
For such a company, simply viewing the PAT may not show the true picture. PBDITA is an important indicator of
profits for such a company. If the company earns healthy PBDITA, it indicates that the company has sound business
operations. Though it may earn lesser profit after tax in the initial years, rising PBDITA will enable it to service
interest payments and repay debt, which will gradually bring down its finance charges. And once the company
achieves significant scale of operation, it will be in a position to easily translate healthy PBDITA into higher PAT.
Similarly, there may be a company that has high PAT in spite of deteriorating PBDITA. This is possible if there
is a fall in non-operating expenses like interest, depreciation. In such a case, if the company does not improve
its PBDITA, it will become increasingly difficult for it to report higher PAT year after year. This is because a
deteriorating PBDITA will eventually reflect at the PAT level.
Hence, it is the PBDITA which is the true measure of the health of the main business operations of a non-finance
company.
This is one of the ratios of profitability of total income. It is similar to the ratio PBDITA as percentage of total
income. The only difference being this ratio removes the impact of prior period and extra-ordinary transactions on
the profitability.
PBDITA is profits before depreciation, interest, tax and amortisation. It is a close measure of the operating profits
of a non-finance company. It gives the amount of profits that a non-finance company generates from its day-to-day
business activities after meeting all operating expenses. PBDITA excludes non-cash charges such as depreciation
and amortisation. It also excludes financial services expenses and direct taxes. These expenses are excluded from
PBDITA because they are not related to the day-to-day business operations of a non-finance company. For the
purpose of calculating this measure of profitability, prior period and extra-ordinary transactions are also excluded
from PBDITA.
Total income in this case includes all sources of income - industrial sales (applicable mostly to manufacturing,
mining & utility companies), income from non-financial services (such as from trading or aviation, shipping, IT,
telecom, hospitality, media, entertainment, etc.), income from financial services (such as interest earned) and other
income. However, it excludes prior period and extra-ordinary transactions.
The effect of income or expenses on account of prior period or extra-ordinary transactions is removed from the ratio
because profits of a company are quite vulnerable to such transactions. Prior period items are income or expenses
which arises in the current period as a result of errors or omissions in the preparation of the financial statements
of one or more prior periods. This include prior period taxes and prior period depreciation, bad debts recovered or
provisions written back.
The recovery of some bad debts or provisions written back can substantially inflate profits of the year in which
these are accounted although these transactions do not pertain to the operations during the year. On the other hand,
payment of taxes of prior years can reduce the profits estimate for the year.
Extra-ordinary transactions refer to any income or expenses which are clearly distinct from the ordinary business
activity of a company. These include profit / loss on sale of fixed assets, gain / loss on change in accounting policies,
insurance claims, tax on extra-ordinary income. A large gain or loss on account of extra-ordinary transaction can
skew the current years PBDITA although these transactions do not pertain to the ordinary business activity of a
company.
To derive a more accurate estimate of the profits generated by a company from its business operations during an
accounting period, it is useful to remove the impact of transactions that pertain to prior periods (P) or are extra-
ordinary (E) in nature. PBDITA net of P&E is such a measure.
When PBDITA net of P&E is compared to total income to derive the corresponding profit margin, total income is
also reduced by the same P&E items. This makes the numerator and the denominator comparable.
By removing the impact of P&E transactions, the ratio of PBDITA net of P&E to total income net of P&E measures
the percentage of PBDITA that a company generated purely from the regular business operations during an account-
ing period. This makes the ratio a more stable estimate of profitability as compared to PBDITA as percentage of
total income.
year. Similarly, the start-of-year net worth was also not the entire net worth that was available during the year. Net
worth is dynamic in nature. Hence, an average is computed in order to arrive at a more credible valuation of the net
worth at the disposal of the company.
This ratio is computed only when the net worth (which is the denominator) is greater than zero. If the net worth is
zero, then the ratio cannot be computed because division by zero is undefined.
A negative net worth will render the ratio meaningless. Although profits in spite of a negative net worth would oth-
erwise mean a positive reflection of the companys performance, technically the ratio is a negative value, indicating
a negative return on a negative net worth. Interpretation of such a negative value could be mis-leading, because a
negative ratio could also mean losses in spite of a positive net worth. Likewise, if profits during the year are also
negative like the net worth, then the ratio will yield a positive value. This would be mis-leading because a negative
net worth would yield a positive return although there were no profits. hence, it would make sense to calculate this
ratio only when a companys net worth is positive.
This is one of the measures of return over investments. It is more relevant to finance companies (banks and non-
banking finance companies) since it analyses the profits earned by financial services companies from their main
business operations, which is to provide finance. It measures the percentage of profits that a finance company
generates with the total capital employed.
The measure of profit in this ratio is PBPT net of prior period, extra-ordinary and other incomes. This is profit
before provisions and direct taxes adjusted for prior period and extra-ordinary transactions and also other income.
Income from financial services includes income from fee based financial services income (such as those earned
from brokerage) and income from fund based services (such as lending to earn interest income or investing to earn
dividends, bill discounting or treasury operations, etc.)
Financial companies earn their profits from such financial services. This ratio is used to compare the profits of
finance companies before taxes and net of net prior period and extra-ordinary incomes and other income to the
revenues generated by these companies by providing financial services.
Finance companies majorly earn income by lending funds and charging interest thereon. When loans turn bad,
they need to make provisions for such delinquencies. Such delinquencies are often a reflection of the existing
economic environment. During periods of economic stress, borrowing companies with relatively weak financials
have a higher probability of defaulting, thereby inflating provisions, which in turn eat into operating profits. In
contrast, when economic conditions improve, non-performing assets might start performing again. In such cases,
provisions made earlier will get written back. This shows that provisions are greatly influenced by prevailing
economic conditions. Hence, it is useful to exclude the influence of provisions. Write-offs, which are similar to
provisions but are more conclusive in their belief that a claim is not recoverable, are also excluded.
Taxes are excluded from this measure of profits, because these are influenced by government policies, which might
be industry-specific. In an age of globalisation, tax regimes of different countries and their tax treaties with India
can have a bearing on the tax incidence of individual companies. Since tax rates and regimes change over time, it
is more useful to exclude their impact, and instead observe the profits that equity shareholders are expected to get
without considering the changing tax incidence.
In order to derive a measure of profits that corresponds more exclusively with the current years activities, prior
period and extra-ordinary incomes are removed, and similar expenses are added back. Write-backs of provisions
are treated as prior period transactions and therefore these get netted out as a result.
The numerator is, therefore, a stable indicator of a companys, (especially a finance companys) operating profits.
The denominator of this ratio is the average value of the capital employed, i.e. the average of the values of a
companys capital employed at the beginning and at the end of the year. Capital employed is the sum of all
shareholders funds and total borrowings. In essence, it is the value of total funds raised from owners of equity
and preference capital and from lenders, and deployed by a company into the business. It includes paid up equity
capital, paid up and forfeited equity capital, contribution made to capital by government, accumulated reserves, all
convertible warrants and all borrowings. However, revaluation reserves and miscellaneous expenses not written off
are excluded.
An average is calculated since the outstanding value of capital employed at the year-end was not the actual value
that was entirely available for the generation of profit during the year. Similarly, the start-of-year net worth was also
not the entire capital employed that was available during the year. Since capital employed is dynamic in nature, an
average is computed in order to arrive at a more credible valuation.
This is one of the measures of returns over investments and is commonly known as return on capital employed. The
ratio measures the percentage of net profit that a company generates with the total capital employed in the business.
It is a ratio that indicates the profitability and efficiency of a companys capital investments.
Since the ratio uses PAT net of prior period and extra-ordinary transactions rather than only PAT, it is a better
measure of returns on capital employed. This is because profit after tax of a company is quite vulnerable to prior
period and extra-ordinary transactions. Prior period items are income or expenses which arises in the current period
as a result of errors or omissions in the preparation of the financial statements of one or more prior periods. Extra-
ordinary transactions refer to any income or expenses which are clearly distinct from the ordinary business activity
of a company.
A large gain or loss on account of P&E transactions can skew a companys current years PAT generated from
regular business operations and vitiate our understanding of the returns on capital employed. This ratio is thus a
more stable estimate of returns on capital employed.
The denominator of this ratio is the average of the capital employed by the company as of the beginning of the year
and end of the year.
The denominator is an average because the end-of-year capital employed was not entirely available for the gener-
ation of profit during the year. It is thus, not the appropriate denominator to use. Use of the end-of-year capital
employed may under-estimate the returns because usually, the capital employed increases during a year.
Similarly, since the start-of-year capital employed was also not the entire capital employed that was available during
the year it is also not the appropriate denominator. Capital employed changes during the year but, the financial
statements only provide end-of-period values. Thus, a good approximation of the capital employed available to the
company during the year is the average of the start-of-year and end-of-year capital employed values. This is what
is used in the ratio.
This ratio is computed only when the capital employed (which is the denominator) is greater than zero. If the
capital employed is zero, then the ratio cannot be computed because division by zero is undefined.
If the capital employed is less than zero, i.e. if it is negative then, the resultant ratio is either meaningless or it is
mis-leading. When the capital employed is negative and the profits during a year is positive, then the ratio yields
a negative value, indicating a negative return on a negative capital employed. This is meaningless. If the profits
during the year are also negative, then the ratio yields a positive value because the capital employed is also negative.
This would be mis-leading because a negative capital employed would yield a positive return although there were
no profits.
As a result, Prowess computes returns on capital employed only if the amount of capital employed is positive.
This data field is one of the indicators measuring a companys return over its investments. It is more relevant to
finance companies (banks and non-banking finance companies) since it analyses the profits earned by financial
services companies from their main business operations, which is to provide finance. It measures the ratio of the
operating income of finance companies to the average value of a companys total assets (excluding revaluation).
Effectively, it is an indicator that can be used to compare the efficiency of a companys assets and their ability to
generate profits.
The measure of profit in this ratio is PBPT net of prior period, extra-ordinary and other incomes. This is profit
before provisions and direct taxes and net of prior period and extra-ordinary transactions and also net of other
income.
Income from financial services includes income from fee based financial services income (such as those earned
from brokerage) and income from fund based services (such as lending to earn interest income or investing to earn
dividends, bill discounting or treasury operations, etc.)
Financial companies earn their profits from such financial services. This ratio is used to compare the profits of
finance companies before taxes and net of net prior period and extra-ordinary incomes and other income to the
revenues generated by these companies by providing financial services.
Finance companies largely earn income by way of lending funds and charging interest thereon. When loans turn
bad, they need to make provisions for such delinquencies. Such delinquencies are often a reflection of the existing
economic environment. During periods of economic stress, borrowing companies with relatively weak financials
have a higher probability of defaulting, thereby inflating provisions, which in turn eat into operating profits. In
contrast, when economic conditions improve, non-performing assets might start performing again. In such cases,
provisions made earlier will get written back. This shows that provisions are greatly influenced by prevailing
economic conditions. Hence, it is useful to exclude the influence of provisions. Write-offs, which are similar to
provisions but are more conclusive in their belief that a claim is not recoverable, are also excluded.
Taxes are excluded from this measure of profits, because these are influenced by government policies, which might
be industry-specific. In an age of globalisation, tax regimes of different countries and their tax treaties with India
can have a bearing on the tax incidence of individual companies. Since tax rates and regimes change over time, it
is more useful to exclude their impact, and instead observe the profits that equity shareholders are expected to get
without considering the changing tax incidence.
In order to derive a measure of profits that corresponds more exclusively with the current years activities, prior
period and extra-ordinary incomes are removed, and similar expenses are added back. Write-backs of provisions
are treated as prior period transactions and therefore these get netted out as a result.
The numerator is, therefore, a stable indicator of a companys, (especially a finance companys) operating profits.
The denominator of this ratio is the average value of a companys total assets, i.e. the average of the values of a
companys total assets at the beginning and at the end of the year. Any revaluation thereon is not taken into account.
Since most businesses are constantly growing, it is likely that the value of assets might increase mid-year. Such
additions to assets were not available during the entire period of the year. Hence, to consider the closing balance of
total assets would amount to an overstatement thereof. Correspondingly, considering the value as at the beginning
of the year would understate the value of a assets available during the year. Hence, the most effective way to lend
credibility to the value of assets available during an accounting period would be to compute the average of the
outstanding values at the beginning of the year and at the end of the year. This average for total assets is net of
revaluation, i.e. revaluation reserves and miscellaneous expenses not written off are reduced from the total assets
as at both, the beginning as well as at the end of the year. These are reduced to ensure that revaluations, if any, do
not distort the year-on-year comparisons.
The expression measures the contribution of the change in the operating profitability of sales to the change in the
operating profits of a non-finance company.
A change in operating profitability can arise because of improved (or worsened) operating efficiency, or because of
better (or worse) utilisation of assets (such as by adding or reducing shifts, or labour, or changing technology), or
also because of a change in the price of the products sold or raw materials used.
The expression merely captures the value of contribution of change in operating profitability of sales to the change
in PBDITA net of P&E&OI&FI.
This is the percentage contribution of the change in the operating profitability of sales to the change in the operating
profits.
where P BT is the change in PBT, F I is the change in financial services income and ( PFBT
I ) is the change in
profitability of financial income services.
P BT
The expression in discussion is (F I FI ) in the above equation.
This expression shows the contribution of a change in a companys (especially a finance companys) income from
financial services to a change in its PBT (net of P&E&OI). Assuming that the change in income from financial
services is due to an increase therein, this expression will show the impact of an expansion in the size of operations
on its growth in its profits, assuming there is no role of any change in the profitability of the financial services
income.
where P BT is the change in PBT, F I is the change in income from financial services and ( PFBT
I ) is the
change in profitability of income from financial services.
The expression in discussion is (( PFBT
I ) F I) in the above equation.
This expression shows the contribution of a change in the profitability of a companys (especially a finance com-
panys) income from financial services to a change in its PBT (net of P&E&OI). It shows the impact of an increase
in the profitability of a finance companys main business operations on its growth in its profits, in spite of no
expansion in the companys business operations in absolute terms.
where P BT is the change in PBT, F I is the change in financial services income and ( PFBT
I ) is the change in
profitability of financial income services.
The first expression in the above expression is the contribution of the change in financial services income. To
isolate this effect on the change in profits, the profitability level is kept unchanged. The change in financial services
income is thus multiplied with the unchanged (previous periods) profitability.
The second expression in the above expression is the contribution of the change in profitability. To isolate this
effect on the change in profits, the level of the financial services income is kept unchanged as it was in the previous
period. The change in profitability is thus multiplied by the previous periods financial services income.
The last expression (F I ( PFBTI )) in the above equation is the one under discussion. This is the contribution
of the increased financial income generating the increased profitability. (The term increased could be replaced
with decreased.) It is the product of the incremental financial services income and the incremental profitability
of the same.
where P BT is the change in PBT, F I is the change in income from financial services and ( PFBT
I ) is the
change in profitability of income from financial services
This data field reports the expression of the share of (F I PFBT
I ) in the change in PBT net of P&E&OI, expressed
in percentage terms.
where P BT is the change in PBT, F I is the change in financial services income and ( PFBT
I ) is the change in
profitability of financial income services.
The expression in discussion is the per cent share contribution of (( PFBT
I ) F I) in the change in the PBT, in the
above equation.
where P BT is the change in PBT, F I is the change in financial services income and ( PFBT
I ) is the change in
profitability of financial income services.
The first expression in the above expression is the contribution of the change in financial services income. To
isolate this effect on the change in profits, the profitability level is kept unchanged. The change in financial services
income is thus multiplied with the unchanged (previous periods) profitability.
The second expression in the above expression is the contribution of the change in profitability. To isolate this
effect on the change in profits, the level of the financial services income is kept unchanged as it was in the previous
period. The change in profitability is thus multiplied by the previous periods financial services income.
The last expression (F I ( PFBT I )) in the above equation is the one under discussion. This is the contribution
of the increased financial income generating the increased profitability. (The term increased could be replaced
with decreased.) It is the product of the incremental financial services income and the incremental profitability of
the same.
The expression covered by this data field, therefore, computes the contribution of the product of both elements (in
percentage terms) on the change in PBT net of P&E&OI.
where P AT is the change in net profit, I is the change in total income and ( P AT
I ) is the change in the net
profitability of sales.
P AT
The expression in discussion is (I I ) in the above equation.
This is the contribution of the change in total income to the change in net profits. Assuming that the total income
has increased during the year, this is the contribution of increase in the sheer size of the business to the growth in
net profit, with no contribution of the changes (if any) in the profitability of total income.
where P AT is the change in net profit, I is the change in total income and ( P AT
I ) is the change in the net
profitability of sales.
The expression in discussion is (( P AT
I ) I) in the above equation.
This is the contribution of the change in the net profitability of total income to the change in the net profits.
A change in net profitability can arise because of improved (or worsened) operating efficiency, or because of better
(or worse) utilisation of assets (such as by adding or reducing shifts, or labour, or changing technology), or because
of a change in the price of the products sold or raw materials used or because of a change in the tax regime.
The expression merely captures the value of contribution of the change in net profitability of total income to the
change in PAT net of P&E during the year.
where P AT is the change in net profit, I is the change in total income and ( P AT
I ) is the change in the net
profitability of sales.
Here we measure the contribution of the last expression (I ( P AT
I ) in the above equation towards the change
in net profit of a company. The expression measures the change in PAT net of P&E that can be attributed to that
portion of the change in total income which witnessed a change in profitability.
It is the contribution of the increased / decreased total income generated at the increased / decreased profitability.
The amount is a product of the incremental total income and the incremental profitability of total income.
where P AT is the change in net profit, I is the change in total income and ( P AT
I ) is the change in the net
profitability of sales.
P AT
The expression in discussion is the per cent share of (I I ) in the above equation.
This is the percentage contribution of the change in total income to the change in net profit. Assuming that net
profit increased during the year, this is the contribution of increase in the sheer size of the business to the growth in
net profit, with no contribution of the changes (if any) in the profitability of total income.
where P AT is the change in net profit, I is the change in total income and ( P AT
I ) is the change in the net
profitability of sales.
The expression in discussion is per cent share of (( P AT
I ) I) in the above equation.
This is the percentage contribution of the change in the net profitability of total income to the change in the net
profits.
where P AT is the change in net profit, I is the change in total income and ( P AT
I ) is the change in the net
profitability of sales.
The first expression in the above equation is the contribution of the increase in total income to the increase in net
profits. To isolate this effect on the change in net profits, the profitability level is kept unchanged. The change in
total income is thus multiplied with the unchanged (previous periods) profitability.
The second expression in the above equation is the contribution of the increase in profitability of total income. To
isolate this effect on the change in net profit, the total income level is kept unchanged. The change in profitability
of income is thus multiplied with the unchanged (previous periods) total income.
The percentage share of the last expression, (I ( P AT I ) in the above equation in the overall change in net profit
is under discussion here. This is the per cent contribution of the increased / decreased total income generated at the
increased/ decreased profitability. It is the product of the incremental total income and the incremental profitability
of total income.
4. Research and Development Fund: Generally, companies involved in research and development appropriate a
part of their profits for creating a separate reserve called the Research and Development Fund. This reserve
is created to fund research and development activities.
Borrowings are created when a company takes finance from lenders, with a plan to repay the same with interest
over a period. They are also called debt.
As per the guidelines of the revised Schedule VI of the Companies Act, 1956, companies are required to classify
their assets and liabilities into non-current and current portions. Accordingly, borrowings are to be classified on the
basis of their tenure, into long term and short term. Where a lender takes debt with the agreement of repaying it
over a period exceeding 12 months, it is classified as a long term borrowing.
Other borrowings is a classification under which borrowings that are not recorded separately are clubbed together,
i.e. it is a head for residual non-categorised debt. Thus, it includes all borrowings other than those mentioned
below:-
8. Inter-corporate loans
9. Deferred credit
This data field captures other borrowings that are not expected to be paid off within a period of one year, i.e.
other long term borrowings. It includes amounts reported by companies in their Annual Reports as "borrowings
from other sources". It is relevant only for non-banking companies, since banks are not required to adhere to the
revised schedule VI of the Companies Act, 1956. The revised schedule VI, which is in accordance with the IFRS
requirements, mandates the disclosure of assets and liabilities into current and non-current portions. It therefore
requires the separate disclosure of long term and short term borrowings.
This field is one among the many that have been introduced to capture the additional disclosures made by companies
in accordance with the revised Schedule VI format. Such data is usually available from the financial year 2011-12
onwards.
Current portion refers to that portion of a conventional long term item that is expected to be paid off within a period
of 12 months from the balance sheet date. In the light of the new guidelines of the revised schedule VI, companies
are expected to segregate the current portion from conventional long term items. Some companies report the gross
value of their long term items with a separate disclosure of the current portion thereof, while some others show
long term items net of the current portion. This data field captures the value of those companies other long term
borrowings which have been reported as a gross figure, without excluding the current portion thereof.
ments, mandates the disclosure of assets and liabilities into current and non-current portions. It therefore requires
the separate disclosure of long term and short term borrowings.
This field is one among the many that have been introduced to capture the additional disclosures made by companies
in accordance with the revised Schedule VI format. Such data is usually available from the financial year 2011-12
onwards.
Current portion refers to that portion of a conventional long term item that is expected to be paid off within a period
of 12 months from the balance sheet date. In the light of the new guidelines of the revised schedule VI, companies
are expected to segregate the current portion from conventional long term items.
Accordingly, some companies report the gross value of their long term items with a separate disclosure of the
current portion thereof, while some others show long term items net of the current portion. This data field captures
the value of those companies secured other long term borrowings which have been reported as a gross figure,
without excluding the current portion thereof.
This field is one among the many that have been introduced to capture the additional disclosures made by companies
in accordance with the revised Schedule VI format. Such data is usually available from the financial year 2011-12
onwards.
Current portion refers to that portion of a conventional long term item that is expected to be paid off within a period
of 12 months from the balance sheet date. In the light of the new guidelines of the revised schedule VI, companies
are expected to segregate the current portion from conventional long term items.
Accordingly, some companies report the gross value of their long term items with a separate disclosure of the
current portion thereof, while some others show long term items net of the current portion. This data field captures
the value of those companies unsecured other long term borrowings which have been reported as a gross figure,
without excluding the current portion thereof.
Borrowings are defined as finance taken from lenders, with a plan to repay the same with interest over a period.
They are also called debt. The revised Schedule VI of the Companies Act, 1956, requires companies to classify
their assets and liabilities into non-current and current portions. Therefore, borrowings are to be classified on the
basis of their tenure, into long term and short term. Where debt is agreed to be repaid over a period exceeding
12 months, it is classified as a long term borrowing.
Other borrowings is a classification under which borrowings that can not be captured in the existing category
data fields on Prowess are clubbed together, i.e. it is a head for residual non-categorised debt. Thus, it includes all
borrowings other than those mentioned below:-
8. Inter-corporate loans
9. Deferred credit
Other borrowings would majorly include amounts reported by companies in their Annual Reports as borrowings
from other sources or similar heads.
Current portion refers to that portion of a conventional long term item that is expected to be paid off within a period
of 12 months from the balance sheet date. In the light of the new guidelines of the revised schedule VI, companies
are expected to segregate the current portion from conventional long term items. Accordingly, some companies
report the gross value of their long term items with a separate disclosure of the current portion thereof, while some
others show long term items net of the current portion.
This data field is an addendum information field which captures the current portion of other long term borrowings
as recorded by companies which have reported the gross value and current portion separately.
This data field is an addendum information field. It reports the value of a companys long term borrowings which
have been guaranteed by its directors. Companies disclose such information either by explicitly mentioning that a
loan has been guaranteed by a director(s), or it might specify that a particular loan has been taken in the name of a
director.
As per the Reserve Bank of Indias (RBIs) guidelines, banks are permitted to take personal guarantees of directors
only when the same is absolutely warranted after a careful examination of the circumstances of the case.
As per the RBIs guidelines, there are certain circumstances in which seeking a directors personal guarantee is
considered helpful. These are:-
1. In the case of closely held private or public companies, except in respect of companies where, by court or
statutory order, the management of a company is vested in a person or group of persons, who are not required
to be elected by shareholders
2. In order to ensure continuity of a companys management or to mitigate the negative impact of a different
group acquiring control of the company, even if it is not a closely held company
3. In the case of public limited companies other than those rated first class where the loan is unsecured and
where the companys financial position and/or cash position is deemed to be unsatisfactory
4. In order to cover up for the interim period between the disbursement of loan and creation of charge on the
borrowing companys assets, where there is a delay in the creation of such a charge
6. In the case of interlocking of funds between a company and other concerns owned or managed by the same
group
7. In the case of sick units, so as to instill greater accountability and responsibility, and in order to motivate the
management to run the assisted units on sound and healthy lines and to ensure financial descipline
The revised schedule VI, which is in accordance with the IFRS requirements, mandates the segregation of assets
and liabilities into current and non-current portions. The revised schedule VI applies to all companies, except
banks. This field is one among the many that have been introduced to capture the additional disclosures made
by companies in accordance with the revised Schedule VI format. Such data is available from the financial year
2011-12 onwards, in most cases.
Current portion refers to that portion of a conventional long term item that is expected to be paid off within a period
of 12 months from the balance sheet date. In the light of the new guidelines of the revised schedule VI, companies
are expected to segregate the current portion from conventional long term items.
Accordingly, some companies report the gross value of their long term items with a separate disclosure of the
current portion thereof, while some others show long term items net of the current portion. This data field captures
the value of those companies long term borrowings guaranteed by directors, which have been reported as a gross
figure, without excluding the current portion thereof.
Borrowings are created when a company takes finance from lenders, with a plan to repay the same with interest
over a period. They are also called debt.
As per the guidelines of the revised Schedule VI of the Companies Act, 1956, companies are required to classify
their assets and liabilities into non-current and current portions. Accordingly, borrowings are to be classified on the
basis of their tenure, into long term and short term. Where a lender takes debt with the agreement of repaying it
over a period exceeding 12 months, it is classified as a long term borrowing.
Other borrowings is a classification under which borrowings that are not recorded separately are clubbed together,
i.e. it is a head for residual non-categorised debt. Thus, it includes all borrowings other than those mentioned
below:-
8. Inter-corporate loans
9. Deferred credit
This data field captures other borrowings that are not expected to be paid off within a period of one year, i.e.
other long term borrowings. It includes amounts reported by companies in their Annual Reports as "borrowings
from other sources". It is relevant only for non-banking companies, since banks are not required to adhere to the
revised schedule VI of the Companies Act, 1956. The revised schedule VI, which is in accordance with the IFRS
requirements, mandates the disclosure of assets and liabilities into current and non-current portions. It therefore
requires the separate disclosure of long term and short term borrowings.
This field is one among the many that have been introduced to capture the additional disclosures made by companies
in accordance with the revised Schedule VI format. Such data is usually available from the financial year 2011-12
onwards.
Current portion refers to that portion of a conventional long term item that is expected to be paid off within a period
of 12 months from the balance sheet date. In the light of the new guidelines of the revised schedule VI, companies
are expected to segregate the current portion from conventional long term items.
Some companies report the gross value of their long term items with a separate disclosure of the current portion
thereof, while some others show long term items net of the current portion. This data field captures the value of
those companies other long term borrowings which have been reported net of the current portion thereof.
ments, mandates the disclosure of assets and liabilities into current and non-current portions. It therefore requires
the separate disclosure of long term and short term borrowings.
This field is one among the many that have been introduced to capture the additional disclosures made by companies
in accordance with the revised Schedule VI format. Such data is usually available from the financial year 2011-12
onwards.
Current portion refers to that portion of a conventional long term item that is expected to be paid off within a period
of 12 months from the balance sheet date. In the light of the new guidelines of the revised schedule VI, companies
are expected to segregate the current portion from conventional long term items.
Some companies report the gross value of their long term items with a separate disclosure of the current portion
thereof, while some others show long term items net of the current portion. This data field captures the value of
those companies secured other long term borrowings which have been reported net of the current portion thereof.
This field is one among the many that have been introduced to capture the additional disclosures made by companies
in accordance with the revised Schedule VI format. Such data is usually available from the financial year 2011-12
onwards.
Current portion refers to that portion of a conventional long term item that is expected to be paid off within a period
of 12 months from the balance sheet date. In the light of the new guidelines of the revised schedule VI, companies
are expected to segregate the current portion from conventional long term items.
Some companies report the gross value of their long term items with a separate disclosure of the current portion
thereof, while some others show long term items net of the current portion. This data field captures the value
of those companies unsecured other long term borrowings which have been reported net of the current portion
thereof.
This data field is an addendum information field. It reports the value of a companys long term borrowings which
have been guaranteed by its directors. Companies disclose such information either by explicitly mentioning that a
loan has been guaranteed by a director(s), or it might specify that a particular loan has been taken in the name of a
director.
As per the Reserve Bank of Indias (RBIs) guidelines, banks are permitted to take personal guarantees of directors
only when the same is absolutely warranted after a careful examination of the circumstances of the case.
As per the RBIs guidelines, there are certain circumstances in which seeking a directors personal guarantee is
considered helpful. These are:-
1. In the case of closely held private or public companies, except in respect of companies where, by court or
statutory order, the management of a company is vested in a person or group of persons, who are not required
to be elected by shareholders
2. In order to ensure continuity of a companys management or to mitigate the negative impact of a different
group acquiring control of the company, even if it is not a closely held company
3. In the case of public limited companies other than those rated first class where the loan is unsecured and
where the companys financial position and/or cash position is deemed to be unsatisfactory
4. In order to cover up for the interim period between the disbursement of loan and creation of charge on the
borrowing companys assets, where there is a delay in the creation of such a charge
6. In the case of interlocking of funds between a company and other concerns owned or managed by the same
group
7. In the case of sick units, so as to instill greater accountability and responsibility, and in order to motivate the
management to run the assisted units on sound and healthy lines and to ensure financial descipline
The revised schedule VI, which is in accordance with the IFRS requirements, mandates the segregation of assets
and liabilities into current and non-current portions. The revised schedule VI applies to all companies, except
banks. This field is one among the many that have been introduced to capture the additional disclosures made
by companies in accordance with the revised Schedule VI format. Such data is available from the financial year
2011-12 onwards, in most cases.
Current portion refers to that portion of a conventional long term item that is expected to be paid off within a period
of 12 months from the balance sheet date. In the light of the new guidelines of the revised schedule VI, companies
are expected to segregate the current portion from conventional long term items.
Accordingly, some companies report the gross value of their long term items with a separate disclosure of the
current portion thereof, while some others show long term items net of the current portion. This data field captures
the value of those companies long term borrowings guaranteed by directors, which have been reported net of the
current portion thereof.
This data field captures the outstanding value of the long term provisions created by a company for meeting poten-
tial losses that could arise on account of default on the part of its loans & advances. In other words, it captures the
outstanding value of a companys long term provisions for doubtful loans and advances in the case of non-finance
companies and long term provisions for non performing assets (NPAs) in the case of finance companies.
A large chunk of a finance companys assets are in the nature of financial and legal claims on the property and
wealth of other entities. Loans & advances form a major part of a finance companys assets. An asset becomes
a non-performing when it ceases to generate income. Earlier an asset was considered as a non-performing asset
(NPA) based on the concept of Past Due. An NPA was defined as an asset in respect of which interest and/or
installment of principal has remained past due for a specific period of time. An amount was considered as past
due, when it remains outstanding for 30 days beyond the due date. With effect from 31 March 2001, however, the
overdue period is calculated from the due date of payment.
Since 31 March 2004, 90 days overdue norms for the identification of NPAs were made applicable in order
to effect a transition towards international best practices and to ensure greater transparency. Hence, NPAs were
defined as loans & advances where:-
In respect of a term loan, interest and/or installment of principal remains overdue for a period of more than
90 days.
In respect of an overdraft/cash credit (OD/CC) facility, the account remains Out of order for a period ex-
ceeding 90 days
In the case of bills purchased and discounted, the bill remains overdue for a period of more than 90 days
In the case of direct agricultural advances for short duration crops, where there is an overdue for two crop
seasons. A direct agricultural loan granted for long duration crops will be treated as NPA, if the installment
of principal or interest thereon remains overdue for one crop season. In other cases, identification of NPAs
would be done on the same basis as non-agricultural advances.
In respect of other accounts, where any amount to be received remains overdue for a period of more than 90
days
This data field stores the outstanding value of of long term provisions made in a finance companys books in order
to meet the possibility of NPAs.
A non-finance company might also have assets in terms of advances, by way of monies lent to other entities. As in
the case of NPAs of finance companies, it might need to make provisions for doubtful advances.
The accounting principles of conservatism and prudence require that companies not only record liabilities that have
been incurred, but also make provisions for potential liabilities. A provision is usually made for a possible future
liability such as a contingent liability, possibly becoming a liability in the future, or a loan becoming unrecoverable.
Provisions are meant to set aside an amount to provide for a known liability. The liability should be a present
obligation, which has arisen as a result of a past event and where payment is probable, and the amount can be
reliably estimated.
As per the guidelines of the revised Schedule VI of the Companies Act, 1956, companies are required to classify
their assets and liabilities into non-current and current portions. Similarly, a companys provisions can be classified
on the basis of their tenure, into long term (non-current) and short term (current) portions. Accordingly, a long
term provision is one that is created to take care of a long term liability, i.e. a liability that is not expected to become
due for payment within 12 months from the balance sheet date. This data field captures the outstanding value of
a companys long term provisions for doubtful advances and NPAs. Being long term in nature, this provision is
expected to stay in the companys books for more than a year from the current balance sheet date.
This field is one among the many that have been introduced to capture the disclosures made by companies in
accordance with the revised Schedule VI format. Such data is usually available from the financial year 2011-12
onwards. It is likely to arise only in the case of non finance companies and non-banking financial companies, since
banks are not expected to adhere to the revised schedule VI.
This field is one of the child indicators listed under the "paid up capital" data field on Prowess. It is an addendum
information field, which captures the value of the number of a companys equity shares which has been issued
pursuant to the issue of American Depository Receipts (ADRs) and/or Global Depository Receipts (GDRs).
Depository receipts (DRs) are negotiable securities through which Indian companies can raise capital from abroad.
They represent rupee-denominated equity shares of a company, held as deposit by a custodian bank in India. De-
pository receipts are traded on various stock exchanges abroad - USA, Singapore, Luxembourg, London, etc. DRs
listed and traded in the US markets are known as American Depository Receipts (ADRs), while those listed and
traded elsewhere are known as Global Depository Receipts (GDRs). From the point of view of Indian companies,
ADRs/GDRs are foreign direct investment (FDI).
Indian companies can issue ADRs/GDRs in accordance with the Foreign Currency Convertible Bonds and Ordinary
Shares (Through Depository Receipt Mechanism) Scheme, 1993 and guidelines issued by the Government of India
thereunder from time to time. There are certain conditions that need to be complied with in order to be able to issue
ADRs/GDRs, namely:-
1. A company can issue ADRs/GDRs, if it is eligible to issue shares to a person resident outside India under the
FDI scheme. However, a listed company, which is no longer eligible to raise funds from the Indian capital
market, including a company which has been restrained from accessing the securities market by the Securities
and Exchange Board of India (SEBI), is not eligible to issue ADRs/GDRs.
2. Unlisted companies which have so far not made use of the ADR/GDR route to raise capital would require
prior or simultaneous listing in the domestic market, while seeking to issue such overseas instruments. Un-
listed companies which have already issued ADRs/GDRs in the international market are required to get listed
on domestic markets from the time they earn profits or within three years of such issue of ADRs/GDRs,
whichever is earlier.
3. ADRs/GDRs are issued on the basis of the ratio worked out by the company seeking to raise capital, in
consultation with the Lead Manager to the issue. The funds so raised are supposed to be kept abroad till
actually required in India. Pending repatriation or utilisation of the proceeds, the Indian company can invest
the funds in:-
a. Deposits with, or Certificate of Deposit or other instruments offered by banks which have been rated by
agencies such as Standard and Poors, Fitch or Moodys, etc. Such ratings should not be lower than that
stipulated by the Reserve Bank of India from time to time for the purpose;
c. Treasury bills and other monetary instruments with a maturity or un-expired maturity of one year or less.
There is no monetary limit with regard to the amount that a company can raise through ADRs/GDRs. Also, there
are no restrictions on the end use of funds thus raised, except in case a ban has been imposed on the deploy-
ment/investment of such funds in real estate or in the stock market.
The pricing of ADR/GDR issues are determined under the provisions of the Scheme of issue of Foreign Currency
Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993 and guidelines
issued by the Government of India and directions issued by the Reserve Bank, from time to time.
There is no monetary limit with regard to the amount that a company can raise through ADRs/GDRs. Also, there
are no restrictions on the end use of funds thus raised, except in case a ban has been imposed on the deploy-
ment/investment of such funds in real estate or in the stock market.
4. Research and Development Fund: Generally, companies involved in research and development appropriate a
part of their profits for creating a separate reserve called the Research and Development Fund. This reserve
is created to fund research and development activities.
Fixed deposits
Commercial papers
Other borrowings
Sub-ordinated debt (banks and finance companies)
As companies have been presenting their financial statements in the new format only since April 2011, the time-
series for current and non-current liabilities is available only since 2010-11. Such data is not available for years
prior to 2010-11.
To maintain a time series, it becomes necessary for us to continue to capture data in old format as well. Thus, while
the non-current and current borrowings are captured under non-current and current liabilities, the total amount
of borrowings (long term borrowings + short term borrowings + current maturities of long term debt & lease) is
captured in this data field, for which a long time-series is available.
schedule VI was applied) and the sum of the long term and short term classifications of the same, reported as per
the IFRS-based revised schedule VI guidelines.
2011-12 (before the revised schedule VI was applied) and the sum of the long term and short term classifications
of the same, reported as per the IFRS-based revised schedule VI guidelines.
2011-12 (before the revised schedule VI was applied) and the sum of the long term and short term classifications
thereof reported as per the IFRS-based revised schedule VI guidelines.
In summary, this data field captures the value of a banking companys secured loans from other business enterprises,
the historical data of the same of all non-banking companies as reported prior to 2011-12 (before the revised
schedule VI was applied) and the sum of the long term and short term classifications thereof reported as per the
IFRS-based revised schedule VI guidelines.
Inter-corporate loans are loans provided by one company to another. Such loans include loans taken from subsidiary
companies, group & associate companies and other companies. This data field captures all loans taken from
business entities other than subsidiaries and group companies.
The Prowess database captures secured and unsecured inter-corporate borrowings separately. This data field cap-
tures the outstanding value of all unsecured loans taken from business entities other than subsidiaries and group
companies.
Loans taken from firms and corporates in which a director (other than a promoter director) of the company has a
substantial interest but are not subsidiaries or group companies is also reported in this field.
A company that lends an inter-corporate loan is required to adhere to the stipulations contained in Section 372A of
the Companies Act, 1956. The lending company can lend to the extent of 60% of its paid-up share capital and free
reserves, or 100% of its free reserves, whichever is higher. If it seeks to lend an amount above the aforementioned
limit, it is required to seek approval by way of a special resolution. The loan can not be lent at rates lower than the
prevailing bank rate. Also, if the lending company is in default under section 58A of the Companies Act, 1956,
then it is not allowed to lend to other corporate. Additionally, the lending company is required to maintain a register
of loans with prescribed details.
The total amount of unsecured loans from other business enterprises is also captured separately under current and
non-current liabilities. Non-current liabilities and Current liabilities have been added as separate sections under
total liabilities in Prowess after the introduction of revised schedule VI. Since April 2011, companies are required
to present their financial statements as per revised schedule VI. As per the new schedule, companies are required
to segregate their assets and liabilities into current and non-current portions.
Hence, unsecured long term loans from other business enterprises is captured under non-current liabilities and the
unsecured short term loans from other business enterprises is captured under current liabilities.
As companies have been presenting their financial statements in the new format only since April 2011, the time-
series for current and non-current liabilities is available only since 2010-11. Such data is not available for years
prior to 2010-11.
To maintain a time series, it becomes necessary for us to continue to capture data in old format as well. Thus,
while the non-current and current unsecured loans from other business enterprises is captured under non-current
and current liabilities, the total amount of unsecured loans from other business enterprises (unsecured long term
loans from other business enterprises + unsecured short term loans from other business enterprises) is captured in
this data field, for which a long time-series is available.
The value of unsecured long term loans from other business enterprises used for calculating this data field is
including the current portion of the borrowings which are expected to be paid off within a period of 12 months
from the balance sheet date. However, where companies do not report the current portion of long term borrowing
for individual class of borrowing or reports current portion for the total sum of all types of borrowings, then this
data field might sometimes include unsecured long term loans from other business enterprises excluding current
portion of borrowing.
Description:
Suppliers Credit generally relates to credit for imports into India extended by the overseas suppliers or financial
institutions outside India. However, there are cases of such credit from domestic suppliers as well. Where seed
money to launch the business is needed to cover costs related to equipment, fixtures, supplies, among others,
buyers may finance their start up with suppliers credit. Many suppliers have developed credit programs where they
provide the goods on credit; re-paid with interest, over a specified period. It reduces the need for short-term loans
from banks.
Suppliers credit is different from sundry creditors. Sundry creditors include liabilities to regular suppliers from
whom the company has bought goods on credit and to whom payments are due in the course of routine trading and
operating activities such as purchase of goods, materials and services. The facility to make payment at a deferred
date is availed in the normal course of business with no extra cost.
Suppliers credit on the other hand is in the nature of a short term loan for capital goods. Normally suppliers
credit is payable within a year, however, when the quantum of capital goods supplied and the amount involved is
large, the credit period may extend beyond one year. This is particularly so in the case of sectors like power and
telecommunication where large and costly machinery is bought and where installation of such machinery takes a
long time.
Secured credit granted by domestic suppliers of plant and machinery or other capital goods is reported in this data
field. It captures suppliers credit from domestic suppliers alone. Foreign suppliers credit is not a part of this data
field, it is reported separately. In case the company has not classified suppliers credit as secured or unsecured then
the same is reported by Prowess as unsecured domestic suppliers credit.
If a company reports only Suppliers Credit in its balance sheet and does not report Sundry Creditors for goods
anywhere including the notes to accounts, then in such a case, Prowess assumes that the Suppliers Credit given in
the balance sheet is for goods and services. And, it is reported as Sundry creditors for goods and services under
Current Liabilities and Provisions, and not in this data field.
The total amount of unsecured domestic suppliers credit is also captured separately under current and non-current
liabilities in Prowess. Non-current liabilities and Current liabilities have been added as a separate section under
total liabilities in Prowess after the introduction of revised schedule VI. Since April 2011, companies are required
to present their financial statements as per revised schedule VI. As per the new schedule, companies are required
to segregate their assets and liabilities into current and non-current portions.
Hence, the non-current portion of secured domestic suppliers credit is captured under non-current liabilities as
Secured long term domestic suppliers/buyer credit and the current portion is captured under current liabilities as
Secured short term domestic suppliers/buyer credit.
As companies have been presenting their financial statements in the new format only since April 2011, the time-
series for current and non-current liabilities is available only since 2010-11. Such data is not available for years
prior to 2010-11.
To maintain a time series, it becomes necessary for us to continue to capture data in old format as well. Thus, while
the non-current and current secured domestic suppliers credit is captured under non-current and current liabilities,
the total amount of secured domestic suppliers credit (non-current + current) is captured in this data field, for which
a long time-series is available.
The value of secured long term domestic suppliers credit used for calculating this data field is including the current
portion of the borrowings which are expected to be paid off within a period of 12 months from the date of balance
sheet date. However, where companies do not report the current portion of long term borrowing for individual
class of borrowing or reports current portion for the total sum of all types of borrowings, then this data field might
sometimes include secured long term domestic suppliers credit excluding current portion of borrowing.
Credit granted by domestic suppliers of plant and machinery or other capital goods is reported in this data field.
Suppliers credit is different from sundry creditors, the distinction being that suppliers credit pertains to credit for
large capital goods items.
Usually suppliers credit is payable within an year, however, when the quantum of capital goods supplied and the
amount involved is large, the credit period may extend beyond one year. This is particularly so in the case of
sectors like power and telecommunication where large and costly machinery is bought and where installation of
such machinery takes a long time.
Suppliers credit is generally unsecured in nature and all such credits is reported in this data field. Only in cases
where a company specifically classifies suppliers credit as secured, then it is captured as secured suppliers credit.
In all other cases, suppliers credit is captured as unsecured.
Foreign suppliers credit is not a part of this data field. It is reported separately.
If a company reports only Suppliers Credit in its balance sheet and does not report Sundry Creditors for goods
anywhere including the notes to accounts, then in such a case, Prowess assumes that the Suppliers Credit given in
the balance sheet is for goods and services. And, it is reported as Sundry creditors for goods and services under
Current Liabilities and Provisions, and not in this data field.
The total amount of unsecured domestic suppliers credit is also captured separately under current and non-current
liabilities in Prowess. Non-current liabilities and Current liabilities have been added as a separate section under
total liabilities in Prowess after the introduction of revised schedule VI. Since April 2011, companies are required
to present their financial statements as per revised schedule VI. As per the new schedule, companies are required
to segregate their assets and liabilities into current and non-current portions.
Hence, the non-current portion of unsecured domestic suppliers credit is captured under non-current liabilities as
Unsecured long term domestic suppliers/buyers credit and the current portion is captured under current liabilities
as Unsecured short term domestic suppliers/buyers credit.
As companies have been presenting their financial statements in the new format only since April 2011, the time-
series for current and non-current liabilities is available only since 2010-11. Such data is not available for years
prior to 2010-11.
To maintain a time series, it becomes necessary for us to continue to capture data in old format as well. Thus,
while the non-current and current unsecured domestic suppliers credit is captured under non-current and current
liabilities, the total amount of unsecured domestic suppliers credit (non-current + current) is captured in this data
field, for which a long time-series is available.
The value of unsecured long term domestic suppliers credit used for calculating this data field is including the
current portion of the borrowings which are expected to be paid off within a period of 12 months from the date
of balance sheet date. However, where companies do not report the current portion of long term borrowing for
individual class of borrowing or reports current portion for the total sum of all types of borrowings, then this
data field might sometimes include unsecured long term domestic suppliers credit excluding current portion of
borrowing.
This data field is an addendum information field. It reports the value of a companys long term borrowings which
have been guaranteed by its directors. Companies disclose such information either by explicitly mentioning that a
loan has been guaranteed by a director(s), or it might specify that a particular loan has been taken in the name of a
director.
As per the Reserve Bank of Indias (RBIs) guidelines, banks are permitted to take personal guarantees of directors
only when the same is absolutely warranted after a careful examination of the circumstances of the case.
As per the RBIs guidelines, there are certain circumstances in which seeking a directors personal guarantee is
considered helpful. These are:-
1. In the case of closely held private or public companies, except in respect of companies where, by court or
statutory order, the management of a company is vested in a person or group of persons, who are not required
to be elected by shareholders
2. In order to ensure continuity of a companys management or to mitigate the negative impact of a different
group acquiring control of the company, even if it is not a closely held company
3. In the case of public limited companies other than those rated first class where the loan is unsecured and
where the companys financial position and/or cash position is deemed to be unsatisfactory
4. In order to cover up for the interim period between the disbursement of loan and creation of charge on the
borrowing companys assets, where there is a delay in the creation of such a charge
6. In the case of interlocking of funds between a company and other concerns owned or managed by the same
group
7. In the case of sick units, so as to instill greater accountability and responsibility, and in order to motivate the
management to run the assisted units on sound and healthy lines and to ensure financial descipline
The revised schedule VI, which is in accordance with the IFRS requirements, mandates the segregation of assets
and liabilities into current and non-current portions. The revised schedule VI applies to all companies, except
banks. This field is one among the many that have been introduced to capture the additional disclosures made
by companies in accordance with the revised Schedule VI format. Such data is available from the financial year
2011-12 onwards, in most cases.
Current portion refers to that portion of a conventional long term item that is expected to be paid off within a period
of 12 months from the balance sheet date. In the light of the new guidelines of the revised schedule VI, companies
are expected to segregate the current portion from conventional long term items.
Accordingly, some companies report the gross value of their long term items with a separate disclosure of the
current portion thereof, while some others show long term items net of the current portion. This data field captures
the value of those companies long term borrowings guaranteed by directors, which have been reported as a gross
figure, without excluding the current portion thereof.
Any asset in the balance sheet is classified as non-current asset if the following conditions are satified:
1. The entity does not intend to sell or consume the asset in the normal operating cycle 2. The asset is held
primarily for the purpose other than trading 3. The entity does not expect to realise the asset within 12 months from
the balance sheet date 4. The asset is not easily convertible into cash and is not expected to become cash within 12
months
Non current assets include tangible and intangible assets. It also includes capital work in progress which refers to
fixed assets that are in process of being installed or constructed. The total amount of long term investments, long
term loans and advances and other long term assets of a company are also classified as non current assets.
The data for non current assets is available in Prowess only from the financial year ending March 2012, as the
revised schedule VI was introduced for preparation of financial statements by all companies on or from 1 April
2011. The new schedule VI requires companies to segregate their assets and liabilities into current and non-current
portions. Thus, the data for long-term investments, long-term loans & advances and other long-term assets is
available in the balance sheet of companies only from the year ending 2011-12.
This data field stores the gross value of mining rights of a company on the last day of the accounting period.
The companies engaged in mining operations capitalise the expenditure incurred on procurement of mining rights.
This is the gross value at the end of the accounting period adjusted for any addition or deduction during the year
by way of purchases, sale, revaluation, impairment, etc.
total amount of deferred tax assets is reported here. The gross amount of deferred tax liability is separately reported
under the deferred tax liability data field under liabilities.
This data field shows the ratio of a companys unamortised expenses (short term) to its current assets (including
short term investments and short term loans & advances).
This indicator is relevant to all companies except banking companies. This is because banks are not expected to
adhere to the guidelines of the revised Schedule VI in line with IFRS norms, which requires companies to segregate
their assets and liabilities in current and non-current portions. As a result, banks will not report items like short
term inventories or short term investments, or in the context of this data field unamortised expenses (short term).
The composition of current assets for banks can be found separately in the data section current assets and its
composition under derived indicators of assets in Prowess query trigger.
Since the financial year 2011-12, all companies apart from banking companies present their financial data in the
revised schedule VI disclosure format of the Companies Act, 1956, which is in accordance with the IFRS require-
ments. The revised Schedule VI makes it mandatory for companies to broadly classify their assets and liabilities
into Current and Non-current categories. Non-current assets are those that are expected to be held for a period
exceeding 12 months, and current assets are those that are expected to be written off within 12 months from the
balance sheet date.
Quick ratio is the ratio of quick assets to quick liabilities. It measures the ability of a company to pay its immediate
or short term liabilities by using its cash and near cash current assets. It is a more stringent measure of short term
liquidity as compared to the current ratio. Therefore, it is often called the Acid Test ratio. Certain less liquid items,
which are considered while computing the current ratio, are not considered while computing the quick ratio.
Quick assets is a subset of current assets. It includes only two of three broad components of current assets viz.
receivables and cash & bank balance.
Receivables include debtors, bills receivables, accrued income and sale of investments.
In computing the quick ratio, debtors are considered net of provisions for bad and doubtful debts. This is because
these provisions reflect that part of debtors which the company may not realise i.e. may not be able to convert into
cash to meet its quick liabilities.
Cash & balance excludes fixed deposits lodged as security. Since these are lodged as security, they are not liquid.
They cannot be used to meet short term obligations, such as paying off sundry creditors. Therefore, just as they are
excluded from the computation of the current ratio, they are also excluded in the computation of the quick ratio.
Some analysts may include marketable securities as a part of quick assets on the grounds that marketable securities
are liquid and can be converted into cash quickly. But, in general, investments are not considered a part of current
assets. Even if investments are classified as marketable securities it is generally believed that these are not liquidated
to finance current liabilities. Therefore, they are not included as current assets in the computation of either the
current ratio or the quick ratio.
The largest and the most significant difference between current assets and quick assets is inventory. In most
businesses a significant proportion of current assets may comprise inventory. Inventory includes stock of raw
materials, stock of work-in-progress and stock of finished goods. In the process of making the short term liquidity
measure more stringent and rigorous, these are excluded. This is because inventory cannot be converted into ready
cash abruptly. The term liquid assets does not include inventory.
In the event that short-term obligations need to be paid off immediately, there are situations in which the current
ratio would overestimate a companys short-term financial strength. By taking inventories out of the equation,
quick ratio lets us find out if a company has sufficient liquid assets to meet its short-term liabilities. This ratio can
prove to be particularly useful in evaluating short term liquidity positions of manufacturing firms as they tend to
have a significant amount of liquidity tied up in inventories.
The denominator in case of the current ratio and the quick ratio is the same. It is the current liabilities and provisions
reduced by security, trade and dealer deposits, deposits from employees and, provision for bad and doubtful debts.
And, it includes the following borrowings secured and unsecured short term bank borrowings, short term financial
institutional borrowing, commercial papers, interest accrued and due and, debentures and bonds redeemable in the
current year.
The formula for the quick ratio is as follows:
Security, trade and dealer deposits are excluded from current liabilities
Like fixed deposits lodged as security by the company, security, trade and dealer deposits are lodged with the
company. A company may ask its customers or dealers to place a deposit as security money. These security
deposits are in the nature of current liabilities but, they usually do not need to be redeemed in the short term
in a running business. They get rolled over or they remain securities till company continues to make supplies
to the customers / dealers. These are therefore, excluded from the computations of the current ratio.
Provisions for bad and doubtful debts are excluded from current liabilities
Some provisions, such as for taxes or dividends, have to be met by the company in the short term. However,
provisions for bad and doubtful debts are mostly for contingencies that may or may not occur. Current assets
are not required to fund such provisions. These are therefore, excluded from the computation of the current
ratio.
Secured short term financial institutional borrowings are included in current liabilities
Usually, financial institutional borrowings are for the long term. However, if such institutions do lend for the
short term, then although these are classified under borrowings, they are included in the computation of the
current ratio.
Description:
This is the most stringent of the liquidity ratios. It measures the amount of cash balance that a company maintains
as compared to the short term liabilities that are payable by the company.
The ratio is the companys cash balance measured as the number of times its current liabilities. Cash includes cash
in the bank.
The ratio measures the companys ability to pay off current liabilities should they need to be paid off immediately.
It measures the adequacy of the companys cash and bank funds to pay off any current liability if, for any reason,
immediate payment was demanded.
The amount of cash that a company needs to maintain would differ from company to company depending on the
composition of its current liabilities and the credit duration of each component.
However, a ratio of 0.5 times is generally considered to be a healthy cash-to-current liabilities ratio for a company.
This is because not more than 50 per cent of the current liabilities of any company oustanding at any point of time
are likely to fall due for payment at that point in time.
A cash-to-current liabilities ratio of 0.3 times can be generally considered to be a minimum for a company while a
ratio of 0.5 times can be considered to be comfortable. A ratio of less than 0.3 times may prompt an investigation
into account receivables. A ratio significantly higher than 0.5 times may mean inefficient management of funds
with surplus funds lying idle as non-earning assets instead of being deployed in return-yielding assets.
The cash-to-current liabilities ratio is calculated by dividing cash and bank balance by the current liabilities of the
company.
The cash and bank balance, however, excludes fixed deposits lodged as security. Since these are lodged as security,
they are not liquid and cannot be used to meet mmediate short term obligations, such as paying off sundry creditors.
Therefore, just as they are excluded from the computation of the current ratio and the quick ratio, they are also
excluded from the computation of the cash-to-current liabilities ratio.
Some analysts may include marketable securities along with the cash and bank balance as a part of the numerator
on the grounds that marketable securities are liquid and can be converted into cash quickly. But, in general,
marketable securities are considered as investments and are not considered a part of current assets used to meet
current liabilities. Even if investments are classified as marketable securities it is generally believed that these are
not liquidated to finance current liabilities. Therefore, they are not included in the computation of the cash-to-
current liabilities ratio.
The denominator in the case of the cash-to-current liabilities ratio is the same as in the case of the current ratio and
the quick ratio. It is the current liabilities and provisions reduced by security, trade and dealer deposits, deposits
from employees and, provision for bad and doubtful debts. And, it includes the following borrowings - secured and
unsecured short term bank borrowings, short term financial institutional borrowing, commercial papers, interest
accrued and due and, debentures and bonds redeemable in the current year.
This data field stores the gross value of mining rights of a company on the last day of the accounting period.
The companies engaged in mining operations capitalise the expenditure incurred on procurement of mining rights.
This is the gross value at the end of the accounting period adjusted for any addition or deduction during the year
by way of purchases, sale, revaluation, impairment, etc.