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Kajaria Ceramics Limited Ar 2012

Kajaria Ceramics Limited Ar 2012

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Published by naveen

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Published by: naveen on Jun 14, 2012
Copyright:Attribution Non-commercial

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09/23/2012

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DESPITE...
KAJARIA CERAMICS LIMITED
I
ANNUAL REPORT 2011-12
 
DESPITE EVERYTHING.
DESPITE INFLATION. DESPITEGREECE. DESPITE REFORMSLOWDOWN.DESPITEWEAKMARKETS. DESPITE HIGHERINTEREST RATES. DESPITE TIGHTERWALLETS. DESPITE RUPEEDEVALUATION. DESPITE SLOWERAPARTMENT OFFTAKE.DESPITERBISQUEEZING LIQUIDITY. DESPITEDEARER RAW MATERIALS.
Corporate snapshot
4
Financial highlights 2011-12
7
15-minutes with the Management
16
Pride of ownership
20
Management discussion and analysis
22
Analysis of the financial statements
32
Risk management
36
5-Year financials
38
Value added statement
39
Directors’ Report
40
Corporate Governance Report
47
Financial section
59
CONTENTS
 
3Annual Report 2011-122Kajaria Ceramics Limited
REGARDLESS OF ANINCREASINGNUMBEROF SOCIALITES SAYING, ‘ER…UM, WE’VEDECIDED TO WAIT ANOTHER YEAR BEFOREMOVING INTO OUR OH SOBEAUUUUUUTIFUL APARTMENT, SO WEWON’T NEED TO BUY THOSEGORGEOUSTILES JUST YET’, THERE WAS THEOCCASIONAL FLASH IN CORPORATEPERFORMANCE, MAKING INVESTORSTHUMP THE TABLE AND EXCLAIM
‘WOW!’

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