profit

VSC

201103

200703

201103

Previous Years

Varun

Shipping Company
Profit & Loss account

------------------- in Rs. Cr. ------------------Mar '11

Mar '10

Mar '09

Mar '08

Mar '07

12 mths

12 mths

12 mths

12 mths

12 mths

491.43

666.22

914.66

932.57

672.63

0.00

0.00

0.00

0.00

0.00

Net Sales

491.43

666.22

914.66

932.57

672.63

Other Income

389.17

243.43

27.12

4.48

51.38

0.00

0.00

0.00

0.00

0.00

880.60

909.65

941.78

937.05

724.01

26.96

38.50

38.87

33.44

40.46

0.00

0.00

0.00

0.00

0.00

Employee Cost

111.83

123.36

128.37

106.85

86.03

Other Manufacturing Expenses

298.09

172.50

193.05

155.15

132.00

0.00

29.14

24.13

16.17

18.35

32.98

16.63

33.36

28.38

22.68

0.00

0.00

0.00

0.00

0.00

469.86

380.13

417.78

339.99

299.52

Mar '11

Mar '10

Mar '09

Mar '08

Mar '07

12 mths

12 mths

12 mths

12 mths

12 mths

21.57

286.09

496.88

592.58

373.11

PBDIT

410.74

529.52

524.00

597.06

424.49

Interest

216.01

239.14

175.74

157.24

111.09

PBDT

194.73

290.38

348.26

439.82

313.40

Depreciation

177.89

236.49

271.14

211.92

165.71

Other Written Off

0.00

0.00

0.00

0.00

0.00

Profit Before Tax

16.84

53.89

77.12

227.90

147.69

Income
Sales Turnover
Excise Duty

Stock Adjustments
Total Income
Expenditure
Raw Materials
Power & Fuel Cost

Selling and Admin Expenses

Miscellaneous Expenses
Preoperative Exp Capitalised
Total Expenses

Operating Profit

Extra-ordinary items

1.28

0.02

50.00

-1.22

-0.28

18.12

53.91

127.12

226.68

147.41

3.35

41.36

4.31

2.12

6.34

Reported Net Profit

14.75

12.55

122.81

225.78

141.35

Total Value Addition

442.91

341.63

378.91

306.55

259.06

Preference Dividend

0.00

0.00

0.00

0.00

0.00

12.00

12.00

75.00

74.99

60.50

1.95

1.99

12.75

12.74

9.12

1,500.08

1,500.08

1,500.08

1,500.08

1,427.58

Earning Per Share (Rs)

0.98

0.84

8.19

15.05

9.90

Equity Dividend (%)

8.00

8.00

50.00

50.00

45.00

54.61

54.48

54.11

60.99

50.70

PBT (Post Extra-ord Items)

Tax

Equity Dividend
Corporate Dividend Tax
Per share data (annualised)
Shares in issue (lakhs)

Book Value (Rs)

Previous Years

Varun Shipping Company

Balance Sheet

------------------- in Rs. Cr. ------------------Mar '11

Mar '10

Mar '09

Mar '08

Mar '07

12 mths

12 mths

12 mths

12 mths

12 mths

Total Share Capital

150.01

150.01

150.01

150.00

142.74

Equity Share Capital

150.01

150.01

150.01

150.00

142.74

Share Application Money

0.00

0.00

0.00

0.00

5.44

Preference Share Capital

0.00

0.00

0.00

0.00

0.00

669.15

667.21

661.74

764.84

581.06

0.00

0.00

0.00

0.00

0.00

819.16

817.22

811.75

914.84

729.24

2,634.00

2,701.85

2,846.84

2,200.82

1,793.05

69.65

39.55

0.00

0.00

0.00

Total Debt

2,703.65

2,741.40

2,846.84

2,200.82

1,793.05

Total Liabilities

3,522.81

3,558.62

3,658.59

3,115.66

2,522.29

Mar '11

Mar '10

Mar '09

Mar '08

Mar '07

12 mths

12 mths

12 mths

12 mths

12 mths

2,415.77

3,635.45

4,316.17

3,765.94

2,925.30

523.47

688.55

780.02

636.13

481.38

1,892.30

2,946.90

3,536.15

3,129.81

2,443.92

0.00

0.00

0.00

0.00

0.00

27.32

42.23

20.75

20.75

20.75

0.00

15.98

13.21

12.54

4.33

1,084.65

331.92

61.73

56.15

52.84

0.00

31.60

92.49

36.73

34.39

1,084.65

379.50

167.43

105.42

91.56

Sources Of Funds

Reserves
Revaluation Reserves
Networth
Secured Loans
Unsecured Loans

Application Of Funds
Gross Block
Less: Accum. Depreciation
Net Block
Capital Work in Progress
Investments
Inventories
Sundry Debtors
Cash and Bank Balance
Total Current Assets

Loans and Advances

Fixed Deposits
Total CA, Loans & Advances
Deffered Credit
Current Liabilities
Provisions
Total CL & Provisions
Net Current Assets
Miscellaneous Expenses
Total Assets
Contingent Liabilities
Book Value (Rs)

782.13

357.24

113.87

15.50

52.06

0.00

2.46

0.64

0.72

0.63

1,866.78

739.20

281.94

121.64

144.25

0.00

0.00

0.00

0.00

0.00

263.60

106.74

139.48

61.24

57.28

0.00

62.98

40.78

95.30

29.35

263.60

169.72

180.26

156.54

86.63

1,603.18

569.48

101.68

-34.90

57.62

0.00

0.00

0.00

0.00

0.00

3,522.80

3,558.61

3,658.58

3,115.66

2,522.29

264.84

189.85

17.10

23.15

458.32

54.61

54.48

54.11

60.99

50.70

Previous Years

Varun Shipping Company

Key Financial Ratios

------------------- in Rs. Cr. -------------------

Mar '11

Mar '10

Mar '09

Mar '08

Mar '07

10.00

10.00

10.00

10.00

10.00

Dividend Per Share

0.80

0.80

5.00

5.00

4.50

Operating Profit Per Share (Rs)

1.44

19.07

33.12

39.50

26.14

32.76

44.41

60.97

62.17

47.12

--

34.16

30.37

38.53

30.84

0.47

0.47

0.47

0.48

0.50

4.38

42.94

54.32

63.54

55.47

Profit Before Interest And Tax

Margin(%)

-29.21

7.37

24.64

40.71

30.75

Gross Profit Margin(%)

-31.81

7.44

24.68

40.81

39.11

Cash Profit Margin(%)

-28.78

1.71

34.73

46.58

45.53

Adjusted Cash Margin(%)

-28.78

1.71

34.73

46.58

38.17

Net Profit Margin(%)

2.75

1.86

13.40

24.15

20.96

Adjusted Net Profit Margin(%)

2.75

1.86

13.40

24.15

13.59

-3.19

1.56

6.20

12.29

8.29

1.80

1.53

15.12

24.67

19.38

-40.52

-27.52

5.78

24.44

12.66

54.61

54.48

54.11

60.99

50.70

54.61

54.48

54.11

60.99

50.70

-3.19

1.56

6.20

12.29

8.30

Current Ratio

7.08

4.36

1.56

0.78

1.66

Quick Ratio

7.08

4.26

1.49

0.70

1.61

Investment Valuation Ratios

Face Value

Net Operating Profit Per Share (Rs)

Free Reserves Per Share (Rs)
Bonus in Equity Capital
Profitability Ratios
Operating Profit Margin(%)

Return On Capital Employed(%)

Return On Net Worth(%)
Adjusted Return on Net Worth(%)
Return on Assets Excluding
Revaluations
Return on Assets Including
Revaluations
Return on Long Term Funds(%)
Liquidity And Solvency Ratios

Debt Equity Ratio

3.30

3.35

3.51

2.41

2.48

Long Term Debt Equity Ratio

3.30

3.35

3.51

2.41

2.48

-0.52

0.29

1.56

2.75

1.88

Total Debt to Owners Fund

3.30

3.35

3.51

2.41

2.48

Financial Charges Coverage Ratio

0.30

1.22

2.83

3.78

3.37

Financial Charges Coverage Ratio

Post Tax

1.89

2.04

3.24

3.78

3.76

--

41.69

69.24

74.37

155.71

0.69

3.38

15.52

17.11

13.48

Investments Turnover Ratio

--

41.69

69.24

74.37

155.31

Fixed Assets Turnover Ratio

--

0.18

0.21

0.25

0.32

Total Assets Turnover Ratio

--

0.19

0.25

0.30

0.27

0.20

0.18

0.21

0.25

0.23

Average Raw Material Holding

--

--

--

--

--

Average Finished Goods Held

--

--

--

--

--

1,174.43

307.72

40.02

-13.47

30.83

5.48

5.77

4.25

3.58

6.01

Imported Composition of Raw

Materials Consumed

--

--

--

--

--

Selling Distribution Cost Composition

--

0.68

0.63

0.19

0.34

Expenses as Composition of Total

Sales

--

--

--

--

--

94.57

111.47

71.45

38.85

49.25

--

5.61

22.27

20.04

22.67

104.20

106.22

-86.82

60.78

24.08

Cash Earning Retention Ratio

--

-21.24

72.42

79.86

72.96

AdjustedCash Flow Times

--

237.53

8.95

5.05

6.97

Mar '11

Mar '10

Mar '09

Mar '08

Mar '07

0.98

0.84

8.19

15.05

9.90

Debt Coverage Ratios

Interest Cover

Management Efficiency Ratios

Inventory Turnover Ratio
Debtors Turnover Ratio

Asset Turnover Ratio

Number of Days In Working Capital

Profit & Loss Account Ratios
Material Cost Composition

Cash Flow Indicator Ratios

Dividend Payout Ratio Net Profit
Dividend Payout Ratio Cash Profit
Earning Retention Ratio

Earnings Per Share

Book Value

54.61

54.48

54.11

60.99

50.70