Proj

Jet Airways was incorporated on April 1, 1992 as a private company
with limited liability under the Companies Act. We commenced

operations as an Air Taxi Operator on May 5, 1993 with a fleet of
four leased Boeing 737 aircraft. We were granted scheduled airline
status on January 14, 1995. Jet Airways became a deemed public
company on July 1, 1996. On January 19, 2001, Jet Airways was
reconverted into a private company. Jet Airways became a public
company on December 28, 2004.
At the time of incorporation of the Company, our shareholders were
Mr. P.V.V. Chalam and Mrs. Anita Goyal. These shares were transferred
to Tail Winds on May 12, 1994, and Mr. Naresh Goyal holds them on
behalf of Tail Winds in terms of an RBI approval letter No. EC.BY.CO
(S) 250/2251/TS/93/94 dated December 30, 1993.
Pursuant to an application dated March 12, 1993 made by our Company,
the FIPB by its letter No. 267/FC/93/NRI dated June 28, 1993 granted
its approval to the foreign collabouration proposal for investment in
Tail Winds in the proportion of 60% by Mr. Naresh Goyal, 20% by Gulf
Air and 20% by Kuwait Airways. Tail Winds in turn held 100% of the
Equity Share capital of our Company.
The MoCA by its letter dated April 17, 1997 directed the Company to
take steps for disinvestment of Equity Shares held, directly or
indirectly, by foreign airlines pursuant to the Government of India's
policy on foreign equity and NRI/OCB equity participation in the
domestic air transport services sector. Consequently, with effect
from October 15, 1997, Mr. Naresh Goyal acquired the 20% Equity
Shares from each of Gulf Air and Kuwait Airways, respectively, and
became the 100% owner of Tail Winds which is an NRI/OCB and currently
owns over 99.99% of our Equity Share capital.
We currently provide regular scheduled services to 42 destinations in
India and two destinations outside India, operating 1,924 flights
weekly. Our aircraft fleet has grown from four aircraft in 1993 to
currently 42 aircraft comprising 34 Boeing 737 aircraft and eight ATR
72-500 aircraft.
- Jet Airways India Ltd has signed the Memorandum of Understanding

(MoU) with Lufthansa Technik AG, Germany for A330/B777 Component
Works, Personnel Assignment Services and Maintenance Management
Services.
- Jet Airways inks 8mn aircraft lease agreement.
-Jet Airways India Ltd announces the introduction of its first flight
from Chennai to Toronto, via its hub in Brussels.
-Jet Airways signs MoU with Lufthansa Technik AG, Germany
-Jet Airways wins Most Innovative Product Launch Award for its 'First
Class' Suites onboard its Boeing 777-300ER
- Jet Airways has launched daily direct flights between Mumbai and
Bangkok with effect from May 14.This will be its third service to
Bangkok from the country, a press release stated. The air-carrier
already operates daily services to Bangkok from Delhi and Kolkata
respectively.
-Jet Airways India Ltd has appointed Ms. Monica Chopra as the Company
Secretary with effect from October 01, 2008.
- Jet Airways India Ltd has won the 2008 Galileo Express Travelworld
Best Domestic Full Service Airline Award for the sixth year in a row
-Jet Airways wins the Best Cargo Airline of Central Asia Award
-Jet Airways Wins the 2008 Galileo Express Traveworld 'Best Domestic
Full Service Airline' Award for the sixth year in a row
2009
-Jet Airways introduces Jet Airways Konnect a new All Economy
No-Frills services
- IBM has inked a 10-year business transformation and information

technology (IT) services deal worth million with Jet Airways.
- CNBC awards Jet Airways as Best domestic Airlines&rdq.
- Jet Airways - Jet Airways Takes Delivery of 100th Aircraft.
- Jet Airways - Jet Airways declared Best Domestic Airline.
- Jet Airways (India) Ltd has informed BSE regarding a Press Release
dated January 28, 2011 titled Jet Airways wins prestigious customer
and brand loyalty award 2011
dated April 19, 2011 titled Jet Airways conferred Air Cargo Award of
Excellence 2011 by Air Cargo World Magazine.
dated October 14, 2011 titled Jet Airways conferred 3 prestigious
awards at the Times Travel Honours 2011.
-Registered Office of the Company has been shifted to Siroya Centre
Sahar Airport Road,Andheri - (East) Mumbai -400 099
dated August 27, 2012 titled Jet Airways and ICICI bank launch
Co-branded credit cards Exclusive Travel and Lifestyle benefits await
the Country's Frequent Flyers.
dated February 02, 2012, titled Jet Airways Declared Favourite
Full-Service Airline At The Outlook Traveller Awards 2011.
dated February 03, 2012, titled Jet Airways Declared Winner For
Customer & Brand Loyalty In Domestic Commercial Airlines Sector.
dated March 22, 2012, titled Jet Airways Rated best on time Performer
amongst scheduled Domestic Airlines in February 2012.
- Jet Airways (India) Ltd today said it, in a meeting held on May 24,
2012, appointed Gaurang Shetty as an Additional Director and Manager
of the Company with effect from today only.
dated January 09, 2012 titled Jet Airways wins Prestigious NDTV
Profit Business Leadership Award 2011.
Balance sheet of jet airways
Share Application Money

Preference Share Capital
Reserves
Networth
Secured Loans
Unsecured Loans
Total Debt
Total Liabilities
Application Of Funds
Gross Block
Less: Revaluation Reserves
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
Deferred Credit
Current Liabilities
Provisions
Total CL & Provisions
Mar '14
113.60
Mar '13
86.33
Mar '12
86.33
0.00
0.00
-2,341.37
-2,227.77
2,508.99
6,076.80
8,585.79
6,358.02
Mar '14
0.00
0.00
-428.86
-342.53
2,930.06
5,891.13
8,821.19
8,478.66
Mar '13
0.00
0.00
-625.78
-539.45
3,528.89
7,338.86
10,867.75
10,328.30
Mar '12
12 mths
12 mths
12 mths
15,709.86
0.00
6,074.90
9,634.96
0.00
1,641.21
803.76
1,209.22
1,145.41
3,158.39
3,934.56
0.00
7,092.95
0.00
11,657.31
353.79
12,011.10
16,132.64
0.00
5,355.60
10,777.04
0.00
1,646.01
786.67
1,184.58
837.07
2,808.32
3,523.18
0.00
6,331.50
0.00
10,045.58
230.31
10,275.89
18,875.72
1,720.31
5,093.27
12,062.14
242.05
1,645.96
778.35
1,266.44
47.85
2,092.64
2,666.03
450.03
5,208.70
0.00
8,651.90
178.65
8,830.55
Net Current Assets

Miscellaneous Expenses
Total Assets
-4,918.15
0.00
6,358.02
-3,944.39
0.00
8,478.66
-3,621.85
0.00
10,328.30
Contingent Liabilities
Book Value (Rs)
41,685.72
-196.11
17,666.20
-39.67
16,453.51
-62.48
Mar '14
Mar '13
Mar '12
12 mths
12 mths
12 mths
17,301.89
0.00
17,301.89
-310.41
0.00
16,991.48
16,852.59
0.00
16,852.59
657.12
0.00
17,509.71
15,224.68
0.00
15,224.68
252.71
0.00
15,477.39
0.00
7,175.42
1,899.59
0.00
0.00
9,711.53
0.00
18,786.54
Mar '14
0.00
6,992.00
1,544.24
0.00
0.00
7,413.42
0.00
15,949.66
Mar '13
0.00
6,648.41
1,599.49
2,738.98
2,073.42
309.36
0.00
13,369.66
Mar '12
12 mths
12 mths
12 mths
-1,484.65
-1,795.06
997.16
902.93
1,560.05
1,118.98
1,855.02
2,107.73
2,011.24
Income
Sales Turnover
Excise Duty
Net Sales
Other Income
Stock Adjustments
Total Income
Expenditure
Raw Materials
Power & Fuel Cost
Employee Cost
Other Manufacturing Expenses
Selling and Admin Expenses
Preoperative Exp Capitalised
Total Expenses
Operating Profit
PBDIT
Interest
PBDT
Depreciation
Other Written Off
Profit Before Tax
Extra-ordinary items
PBT (Post Extra-ord Items)
Tax
Reported Net Profit
Total Value Addition
Preference Dividend
Equity Dividend
Corporate Dividend Tax
Per share data (annualised)
Shares in issue (lakhs)
Earning Per Share (Rs)
Equity Dividend (%)
Book Value (Rs)
-2,792.22
875.75
0.00
-3,667.97
0.00
-3,667.97
-0.12
-3,667.85
18,786.54
0.00
0.00
0.00
441.07
926.57
0.00
-485.50
0.00
-485.50
0.00
-485.50
15,949.66
0.00
0.00
0.00
96.49
939.88
0.00
-843.39
47.71
-795.68
437.25
-1,236.10
13,369.66
0.00
0.00
0.00
1,135.97
-322.88
0.00
-196.11
863.34
-56.24
0.00
-39.67
863.34
-143.18
0.00
-62.48
Mar '14
Mar '13 Mar '12
12 mths
12 mths 12 mths
Sources Of Funds
Total Share Capital
535.28
484.35
441.45
Equity Share Capital
535.28
484.35
441.45
33.30
13.57
0.00
0.00
0.00
0.00
Reserves
-1,588.06
-722.36 -588.68
Networth
-1,019.48
-224.44 -147.23
Secured Loans
Unsecured Loans
Total Debt
1,236.28
71.76
88.65
280.00
1,606.36
766.79
1,516.28
1,678.12
855.44
Total Liabilities
496.80
1,453.68
708.21
Mar '14
Mar '13 Mar '12
12 mths
12 mths 12 mths
Gross Block
2,154.69
1,931.43
906.10
0.00
0.00
0.00
278.02
137.91
55.89
1,876.67
1,793.52
850.21
0.77
1.21
0.06
Investments
0.00
0.00
0.00
Inventories
45.15
45.62
31.65
155.74
105.03
20.41
5.06
217.08
235.91
205.95
367.73
287.97
Loans and Advances
851.09
908.55
832.10
0.00
0.00
0.00
Net Block
Sundry Debtors
Fixed Deposits
Deferred Credit
Current Liabilities
Provisions
Net Current Assets
1,057.04
0.00
2,415.99
21.67
1,276.28 1,120.07
0.00
0.00
1,600.25 1,247.10
17.10
15.04
2,437.66
1,617.35 1,262.14
-1,380.62
-341.07 -142.07
Total Assets
Book Value (Rs)
0.00
0.00
0.00
496.82
1,453.66
708.20
15,108.17
-19.67
BALANCE SHEET OF SPICEJET
15,435.8815,169.94
-4.91
-3.34
Income
Sales Turnover
Excise Duty
Net Sales
Other Income
Stock Adjustments
Total Income
Expenditure
Raw Materials
Power & Fuel Cost
Employee Cost
Total Expenses
Operating Profit
PBDIT
Interest
PBDT
Depreciation
Other Written Off
Profit Before Tax
Tax
Reported Net Profit
Mar '14
Mar '13
Mar '1
12 mths
12 mths
12 mt
6,304.23
0.00
6,304.23
94.36
0.00
6,398.59
5,600.68
0.00
5,600.68
204.46
0.00
5,805.14
3,943.2
0.0
3,943.2
75.8
0.0
4,019.1
92.94
3,255.79
575.70
1,184.94
0.00
2,046.06
0.00
7,155.43
Mar '14
66.39
2,806.71
526.80
808.31
0.00
1,588.74
0.00
5,796.95
Mar '13
48.3
39.5
402.8
2,773.7
0.0
1,277.1
0.0
4,541.6
Mar '1
12 mths
12 mths
12 mt
-851.20
-756.84
98.16
-855.00
148.26
0.00
1,003.26
0.00
1,003.26
0.00
1,003.24
7,062.48
-196.27
8.19
115.72
-107.53
83.55
0.00
-598.3
-522.5
52.2
-574.7
31.0
0.0
-191.08
-605.7
0.00
0.0
-191.08
-605.7
0.00
0.0
-191.08
-605.7
5,730.56
4,493.3
Preference Dividend
Equity Dividend
Equity Dividend (%)
Book Value (Rs)
P&L OF SPICEJET
0.00
0.00
0.00
0.00
0.00
0.00
0.0
0.0
0.0
5,352.81
-18.74
0.00
-19.67
4,843.50
-3.95
0.00
-4.91
4,414.5
-13.7
0.0
-3.3
YEAR
EVENTS
1984 - The Company was incorporated on 9th February as a private
limited
company in the name and style of Genius Leasing Finance
and
Investment Company Limited. The business was commenced
on 14th
March. It was promoted by S.K. Modi of the Modi Group
of
Companies. The main objective of the company is to
manufacture
Private air taxi operation.
1993 - The name of the company was changed to MG Express Ltd. on
17th
February.
- The Company diversified its activities into domestic
aviation
operations. Since May, has been providing safe and
reliable air
transportation for both the passenger and cargo. In the
first
phase of operations, three Boing 737-200 advance air
craft was
commissioned in service.
- The Company entered into an agreement with Lufthansa for
spares,
services and maintenance and training of flight crew.
The
Company was to pay DM 102,000 per plane, per month for
dry lease.
- The Company is to provide two classes of services, first
class
and economy class. Telecommunication lines were to be
established between airlines.
- In the second phase of operations, the Company was to
acquire on
dry lease, four Boing 737-400, Advance Fuel Economic
Aircrafts
and one Boing 737-200 aircraft. Three of the 737-400
airafts
would have a capacity of 150 seats and the remaining one
with a
capacity of 164 seats.
- The Company entered into agreement with International
airlines such as Swissair, KLM-Royal Dutch Awtun, Qantas
airways,
Air Canada etc.
- 2,00,000 shares allotted to public. 240,00,000 No. of
equity
shares of Rs. 10 each issued in May-June, as follows:
- 214,00,000 rights equity shares of Rs. 10 each in
proportion
107:1 (all were taken; up).
- 24,00,000 shares reserved for allotment to shareholders
of Modi
Threads Ltd.
- 2,00,000 shares to employees of Modi Threads Ltd.
- Another 150,00,000 shares were allotted to Business
associates on
preferential basis.
2012
-Mr. Chandan Sand has been appointed as GM (Legal) & Company
Secretary of the Company.
-SpiceJet gets DGFT nod to direct import of ATF
-Voted as Indias Favourite Domestic Airline for the year 2012 by
Outlook Traveller
-Indias International Low Cost Carrier of the Year 2012 by Travel
Agents Association of India
-Indias Most Outstanding Airline LCC-Domestic Award, by Travel and
Hospitality.
HISTORY OF KINGFISHER
We were initially incorporated as a private limited company on June
15, 1995 in Karnataka
with the main object of pursuing chartered aviation services both for
commercial and non
commercial purposes in India and to provide all aviations related
services. Our Company
was promoted by Capt. G.R. Gopinath, Capt. K.J. Samuel and Capt.
Vishnu Singh Rawal.
We operate Air Deccan, a leading low-cost airline in India, and
Deccan Aviation, a leading
private helicopter and airplane chartering service in India.
Post our incorporation as a private limited company we were converted
to a public limited
company by a resolution of the members passed at the EGM held on
January 31, 2005. The
fresh certificate of incorporation consequent on change of name of
our Company was
received on March 14, 2005 from the RoC.
Our Company was incorporated with its registered office at 53,
Infantry Road, Bangalore 560
001, which was subsequently shifted to Jakkur Aerodrome, Bellary
Road, Bangalore 560 064
consequent to the approval of the shareholders on September 30, 2002.
Pursuant to the
approval of our shareholders on October 22, 2005, the registered
office of our Company was
subsequently shifted from Jakkur Aerodrome, Bellary Road, Bangalore
560 064 to 35/2,
Cunningham Road, Bangalore 560 052.
BALANCESHEET OF KINGFISHER
Sources Of Funds
Total Share Capital
Equity Share Capital
Reserves
Networth
Secured Loans
Unsecured Loans
Total Debt
Total Liabilities
Gross Block
Net Block
Investments
1,361.82
808.72
0.00
553.10
14,281.64
12,919.82
504.20
8,153.44
8,657.64
-4,262.18
Mar '13
1,130.75
577.65
0.00
553.10
1,050.8
497.7
2.9
553.1
-6,213.15
-4,005.0
-5,082.40
-2,951.1
5,368.76
2,661.24
8,030.00
2,947.60
Mar '12
5,184.5
1,872.5
7,057.0
4,105.8
Mar '1
12 mths
12 mths
12 mth
1,287.37
0.00
575.43
711.94
0.00
0.03
2,193.66
0.00
750.63
1,443.03
0.00
0.03
2,254.2
0.0
682.3
1,571.8
673.3
0.0
Inventories
Sundry Debtors
Loans and Advances
Fixed Deposits
Deferred Credit
Current Liabilities
Provisions
Net Current Assets
Total Assets
166.07
20.05
19.05
205.17
1,893.92
0.00
2,099.09
0.00
6,993.49
79.73
7,073.22
-4,974.13
0.00
-4,262.16
204.79
187.59
182.27
574.65
7,062.33
0.00
7,636.98
0.00
6,046.66
85.77
6,132.43
1,504.55
0.00
2,947.61
187.6
440.5
88.1
716.3
5,380.1
164.1
6,260.7
0.0
4,463.8
62.1
4,525.9
1,734.7
125.8
4,105.8
Book Value (Rs)
25,229.58
-166.59
27,501.22
-97.56
22,920.2
-70.4
Income
Sales Turnover
Excise Duty
Net Sales
Other Income
Stock Adjustments
Total Income
Expenditure
Raw Materials
Power & Fuel Cost
Employee Cost
Total Expenses
Mar '13
Mar '12
501.38
0.00
501.38
182.08
0.00
683.46
5,493.41
0.00
5,493.41
330.50
0.00
5,823.91
6,23
0.00
402.17
349.16
0.00
0.00
2,558.32
0.00
3,309.65
0.00
2,945.89
669.51
0.00
0.00
4,036.41
0.00
7,651.81
5
2,27
68
1,19
99
8
6,23
8
6,31
5,28
Operating Profit
PBDIT
Interest
PBDT
Depreciation
Other Written Off
Profit Before Tax
Tax
Reported Net Profit
Preference Dividend
Equity Dividend
Equity Dividend (%)
Book Value (Rs)
P&L
2,808.27
2,626.19
1,436.15
4,062.34
238.78
0.00
4,301.12
0.00
4,301.12
0.00
4,301.12
3,309.64
0.00
0.00
0.00
8,087.23
-53.18
0.00
-166.59
-2,158.40
94
-1,827.90
1,02
1,276.34
2,34
-3,104.24
-1,31
341.87
0.00
20
3
-3,446.11
-1,55
0.00
-3,446.11
-1,48
-1,118.08
-45
-2,328.01
-1,02
7,651.80
0.00
0.00
0.00
5,23
5,776.47
-40.30
0.00
-97.56
4,97
-2
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Jet Airways was incorporated on April 1, 1992 as a private company

with limited liability under the Companies Act. We commenced

- Jet Airways India Ltd has signed the Memorandum of Understanding

- IBM has inked a 10-year business transformation and information

Balance sheet of jet airways

Share Application Money

Net Current Assets

Mar '13 Mar '12

Equity Share Capital

Share Application Money

Preference Share Capital

Mar '13 Mar '12

Less: Revaluation Reserves

Less: Accum. Depreciation

Capital Work in Progress

Total Current Assets

Loans and Advances

BALANCE SHEET OF SPICEJET

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