BALANCE SHEET

Jun '04
Sources Of Funds
Total Share Capital
Equity Share Capital
Share Application Money
Preference Share Capital
Reserves
Revaluation Reserves
Networth(A)
Secured Loans
Unsecured Loans
Total Debt(B)
Total Liabilities(A+B)

%jun 04 Jun '05

59.22
59.22
0.03
0
2,231.96
0
2,291.21
97.9
0.33
98.23
2,389.44

2.48
63.84
2.48
63.84
0
1.64
0
0
93.41 2,796.14
0
0
95.89 2,861.62
4.1
96.42
0.01
0.27
4.11
96.69
100 2,958.31

Application Of Funds
Gross Block
412.32
Less: Accum. Depreciation
207.04
Net Block
205.28
Capital Work in Progress
118.63
Investments
2,250.36
TOTAL(A)
2,574.27
Inventories
0
Sundry Debtors
168.59
Cash and Bank Balance
61.24
Total Current Assets
229.83
Loans and Advances
154.36
Fixed Deposits
11.54
Total CA, Loans & Advances(B)395.73
Deffered Credit
0
Current Liabilities
426.29
Provisions
154.27
Total CL & Provisions
580.56
Net Current Assets
-184.83
Miscellaneous Expenses
0
Total Assets
2,389.44

17.26
632.06
8.66
272.11
8.59
359.95
4.96
71.78
94.18 2,654.66
107.74 3,086.39
0
0
7.06
306.41
2.56
81.14
9.62
387.55
6.46
166.02
0.48
3.39
16.56
556.96
0
73.43
511.11
26.57
173.93
100
685.04
-128.08
0
100.00 2,958.31

%jun 05 Jun '06

2.16
64.69
2.16
64.69
0.06
1.33
0
0
94.52 2,511.18
0
0
96.73 2,577.20
3.26
13.17
0.01
0.21
3.27
13.38
100 2,590.58

%jun 06

2.5
2.5
0.05
0
96.94
0
99.48
0.51
0.01
0.52
100

123.66 1,014.08
108.46
156.45
488.4
244.10
52.54
525.68
46.31
-56.04
163.63 -2,521.26
0.00 1,907.76
0.00
104.33 2,597.07
100.25
0
59.95
645.98
69.09
46.65
104.51
52.23
56.57
750.49
66.12
-129.62
376.41 -5,799.85
0
1.71
0.00
18.83 1,128.61
43.57
0
293.86
935.02
467.32
25.39
200.08
17.63
100 1,135.10
100.00
-6.49
0
100.00 2,590.58
100.00

BALANCE SHEET OF VERTICAL METHOD
Jun '07

%jun 07 Jun '08

%jun 08

132.74
132.74
0
0
3,292.28
0
3,425.02
40.77
0.12
40.89
3,465.91

3.83
133.27
3.83
133.27
0
1.71
0
0
94.99 3,079.85
0
0
98.82 3,214.83
1.18
25.24
0
0.09
1.18
25.33
100 3,240.16

4.11
4.11
0.05
0
95.05
0
99.22
0.78
0
0.78
100

1,332.67
662.58
670.09
212.86
1,988.86
2,871.81
0
712.48
105.93
818.41
934.44
275.01
2,027.86
0
1,003.02
430.74
1,433.76
594.1
0
3,465.91

132.87 1,599.61
153.82
874.32
46.74
725.29
35.83
419.03
0.00 1,797.34
82.86 2,941.66
0
71.03
980.02
24.59
162.87
57.08 1,142.89
157.29 1,183.99
0.00
524.01
58.51 2,850.89
0
232.86 1,828.85
30.04
723.54
100.00 2,552.39
298.5
0
100.00 3,240.16

87.47
120.84
28.42
140.38
0
90.79
53.59
22.51
44.78
396.65
0.00
87.99
252.76
28.35
100.00

100.00

BALANCE SHEET OF HORIZONTAL METHOD
Jun '04
Jun '05

Jun '06

Jun '07

Jun '08

Sources Of Funds
Total Share Capital
Equity Share Capital
Share Application Money
Preference Share Capital
Reserves
Revaluation Reserves
Networth
Secured Loans
Unsecured Loans
Total Debt
Total Liabilities

59.22
63.84
64.69
132.74
133.27
59.22
63.84
64.69
132.74
133.27
0.03
1.64
1.33
0
1.71
0
0
0
0
0
2,231.96 2,796.14 2,511.18 3,292.28 3,079.85
0
0
0
0
0
2,291.21 2,861.62 2,577.20 3,425.02 3,214.83
97.9
96.42
13.17
40.77
25.24
0.33
0.27
0.21
0.12
0.09
98.23
96.69
13.38
40.89
25.33
2,389.44 2,958.31 2,590.58 3,465.91 3,240.16

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

412.32
632.06 1,014.08 1,332.67 1,599.61
207.04
272.11
488.4
662.58
874.32
205.28
359.95
525.68
670.09
725.29
118.63
71.78
163.63
212.86
419.03
2,250.36 2,654.66 1,907.76 1,988.86 1,797.34
0
0
0
0
0
168.59
306.41
645.98
712.48
980.02
61.24
81.14
104.51
105.93
162.87
229.83
387.55
750.49
818.41 1,142.89
154.36
166.02
376.41
934.44 1,183.99
11.54
3.39
1.71
275.01
524.01
395.73
556.96 1,128.61 2,027.86 2,850.89
0
0
0
0
0
426.29
511.11
935.02 1,003.02 1,828.85
154.27
173.93
200.08
430.74
723.54
580.56
685.04 1,135.10 1,433.76 2,552.39
-184.83 -128.08
-6.49
594.1
298.5
0
0
0
0
0
2,389.44 2,958.31 2,590.58 3,465.91 3,240.16

2004-05 2005-06 2006-07 2007-08 % 2004-05
%2005-06 %2006-07%2007-08

0.53 -132.74 -133.27
0.53 -132.74 -133.27
1.71
0
-1.71
0
0
0
-212.43 -3292.28 -3079.85
0
0
0
-210.19 -3,425.02 -3214.83
-15.53
-40.77
-25.24
-0.03
-0.12
-0.09
-15.56
-40.89
-25.33
-225.75 -3,465.91 -3240.16

-0.53
-0.53
-1.71
0
212.43
0
210.19
15.53
0.03
15.56
225.75

266.94 -1,332.67 -1,599.61 -266.94
211.74 -662.58 -874.32 -211.74
55.2 -670.09 -725.29
-55.20
206.17 -212.86 -419.03 -206.17
-191.52 -1,988.86 -1,797.34
191.52
0
0.00
0.00
267.54 -712.48 -980.02 -267.54
56.94 -105.93 -162.87
-56.94
324.48 -818.41 -1,142.89 -324.48
249.55 -934.44 -1,183.99 -249.55
249 -275.01 -524.01
-249
823.03 -2,027.86 -2,850.89 -823.03
0
0.00
0.00
0.00
825.83 -1,003.02 -1,828.85 -825.83
292.8 -430.74 -723.54 -292.80
1118.63 -1,433.76 -2,552.39 -1,118.63
-295.6
-594.1
-298.5
295.60
0
0.00
-225.75 -3,465.91 -3,240.16
225.75

0.4
0.4
0

-0.3
-0.3
0

56.53
56.53
0

14157.67
14157.67

-6.45

0.21

0.1

-1.53

-6.14
0.19
-38.09
150.92
-25 27777.78
-38.05
150.23
-6.51
0.2

0.09
-1.48971.78 370370370.
-2551.17
###
37
965.49
-2537.2
0.09
-1.37

20.03
31.96
8.24
96.86
-9.63

-1.25
-3.66
-1.14
-23.11
0.54

0.47
1.73
2.06
11.21
0.28

2.34
5.4
24.98
11.58
-2.91

37.55
53.75
39.65
26.71
90.54
40.59

-3.83
-33
-3.47
-2.26
-17.28
-1.42

1.43
57.96
1.07
0.9
6.94
0.17

3.81
107.83
2.7
3.38
7.66
0.43

82.33
67.98
78.02
-49.76

-4.5
-9.39
-3.06
16.67

0.55
3.21
0.27
5.64

0.66
4.72
0.35
-11.33

-6.51

0.2

0.09

-1.37

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

Profit & Loss account HORIZAN

Jun '04

Jun '08

Income
Sales Turnover
1,127.98
Excise Duty
0
Net Sales
1,127.98
Other Income
126.21
Stock Adjustments
0
Total Income
1,254.19
Expenditure
Raw Materials
0
Power & Fuel Cost
0
Employee Cost
362.39
Other Manufacturing Expenses249.77
Selling and Admin Expenses 186.74
Miscellaneous Expenses
44.15
Preoperative Exp Capitalised
0
Total Expenses
843.05
Operating Profit
284.93
PBDIT
Interest
PBDT
Depreciation
Other Written Off
Profit Before Tax
Extra-ordinary items
PBT (Post Extra-ord Items)
Tax
Reported Net Profit

411.14
12.22
398.92
56.89
2.5
339.53
0
339.53
13.81
325.72

Jun '05

Jun '06

Jun '07

1,447.01 3,032.92 3,768.62
0
0
0
1,447.01 3,032.92 3,768.62
61.54
0.68
439.42
0
0
0
1,508.55 3,033.60 4,208.04

4,615.39
0
4,615.39
-108.91
0
4,506.48

0
0
0
0
0
0
488.54 1,123.51 1,322.59
304.93
476.97
577.24
216.75
412.73
617.2
80.26
209.95
314.51
0
0
0
1,090.48 2,223.16 2,831.54
356.53
809.76
937.08

0
0
1,621.35
746.92
639.05
381.11
0
3,388.43
1,226.96

418.07
11.58
406.49
67.56
0
338.93
2.49
341.42
12.15
329.27

810.44
17.81
792.63
138.8
0
653.83
0
653.83
15.45
638.38

1,376.50
20.6
1,355.90
178.21
0
1,177.69
0
1,177.69
75.87
1,101.82

1,118.05
24.93
1,093.12
217.87
0
875.25
0
875.25
94.6
780.65

ofit & Loss account HORIZANTAL
2004-05
846.77
0.00
846.77
-548.33
0.00
298.44
0.00
0.00
0.00
298.76
169.68
21.85
66.60
0.00
556.89
71.6
-258.45
4.33
-262.78
39.66
0
-302.44
0
-302.44
18.73
-321.17

% 2004-052005-06 % 2005-062006-07 %2006-072007-08 %2007-08
22.47 1,585.91
0.00
22.47 1,585.91
-124.78
-60.86
0.00
7.09 1,525.05
0.00
0.00
0.00
22.59
634.97
29.4
172.04
3.54
195.98
21.18
129.69
0.00
19.67 1,132.68
7.64
453.23
0.00
-18.78
392.37
21.02
6.23
-19.38
386.14
22.25
71.24
0
0.00
-25.68
314.90
-2.49
-25.68
312.41
24.69
3.30
-29.15
309.11

109.6
735.70
24.26
0
0.00
0
109.6
735.70
24.26
-98.9
438.74 64520.59
0
0.00
0
101.09 1,174.44
38.71
0
0.00
0
0
0.00
0
0
0.00
0
129.97
199.08
17.72
56.42
100.27
21.02
90.42
204.47
49.54
161.59
104.56
49.8
0
0.00
0
103.87
608.38
27.37
127.12
127.32
15.72
0
0.00
0
93.85
566.06
69.85
53.8
2.79
15.67
94.99
563.27
71.06
105.45
39.41
28.39
0
0.00
0
92.91
523.86
80.12
-100
0.00
0
91.5
523.86
80.12
27.16
60.42
391.07
93.88
463.44
72.6

846.77
0.00
846.77
-548.33
0.00
298.44
0.00
0.00
0.00
298.76
169.68
21.85
66.60
0.00
556.89
289.88
0.00
-258.45
4.33
-262.78
39.66
0.00
-302.44
0.00
-302.44
18.73
-321.17

22.47
0
22.47
-124.78
0
7.09
0
0
0
22.59
29.4
3.54
21.18
0
19.67
30.93
0
-18.78
21.02
-19.38
22.25
0
-25.68
0
-25.68
24.69
-29.15

%2007-08

PROFIT AND LOSS VERTICAL ME
Jun '04
Income
Sales Turnover
1,127.98
Excise Duty
0
Net Sales
1,127.98
Other Income
126.21
Stock Adjustments
0
Total Income
1,254.19
Expenditure
Raw Materials
0
Power & Fuel Cost
0
Employee Cost
362.39
Other Manufacturing Expenses249.77
Selling and Admin Expenses 186.74
Miscellaneous Expenses
44.15
Preoperative Exp Capitalised
0
Total Expenses
843.05
Jun '04
Operating Profit
284.93
PBDIT
411.14
Interest
12.22
PBDT
398.92
Depreciation
56.89
Other Written Off
2.5
Profit Before Tax
339.53
Extra-ordinary items
0
PBT (Post Extra-ord Items)
339.53
Tax
13.81
Reported Net Profit
325.72
Total Value Addition
843.05
Preference Dividend
0
Equity Dividend
295.85
Corporate Dividend Tax
38.21
Per share data (annualised)
Shares in issue (lakhs)
2,960.80
Earning Per Share (Rs)
11
Equity Dividend (%)
500
Book Value (Rs)
77.38

Jun '05
100.00
0.00
100.00
11.19
0.00
111.19
0.00
0.00
0.00
32.13
22.14
16.56
3.91
0.00
74.74

1,447.01
0
1,447.01
61.54
0
1,508.55

0
0
488.54
304.93
216.75
80.26
0
1,090.48
Jun '05
25.26
356.53
36.45
418.07
1.08
11.58
35.37
406.49
5.04
67.56
0.22
0
30.10
338.93
0.00
2.49
30.10
341.42
1.22
12.15
28.88
329.27
74.74 1,090.48
0.00
0
26.23
501.75
3.39
68.17
0.00
262.49 3,192.15
0.98
10.31
44.33
800
6.86
89.59

Jun '06
100.00
0.00
100.00
4.25
0.00
104.25
0.00
0.00
0.00
33.76
21.07
14.98
5.55
0.00
75.36

3,032.92
0
3,032.92
0.68
0
3,033.60

0
0
1,123.51
476.97
412.73
209.95
0
2,223.16
Jun '06
24.64
809.76
28.89
810.44
0.80
17.81
28.09
792.63
4.67
138.8
0.00
0
23.42
653.83
0.17
0
23.59
653.83
0.84
15.45
22.76
638.38
75.36 2,223.16
0.00
0
34.67
516.1
4.71
72.38
0.00
220.60 3,234.42
0.71
19.74
55.29
800
6.19
79.64

100.00
0.00
100.00
0.02
0.00
100.02
0.00
0.00
0.00
37.04
15.73
13.61
6.92
0.00
73.30
26.70
26.72
0.59
26.13
4.58
0.00
21.56
0.00
21.56
0.51
21.05
73.30
0.00
17.02
2.39
0.00
106.64
0.65
26.38
2.63

ND LOSS VERTICAL METHOD
Jun '07
3,768.62
0
3,768.62
439.42
0
4,208.04
0
0
1,322.59
577.24
617.2
314.51
0
2,831.54
Jun '07
937.08
1,376.50
20.6
1,355.90
178.21
0
1,177.69
0
1,177.69
75.87
1,101.82
2,831.54
0
525.59
81.6
6,636.83
16.6
400
51.61

Jun '08
100.00
0.00
100.00
11.66
0.00
111.66
0.00
0.00
0.00
35.09
15.32
16.38
8.35
0.00
75.13

4,615.39
0
4,615.39
-108.91

0
4,506.48

0
0
1,621.35
746.92
639.05
381.11
0
3,388.43
Jun '08
24.87 1,226.96
36.53 1,118.05
0.55
24.93
35.98 1,093.12
4.73
217.87
0.00
0
31.25
875.25
0.00
0
31.25
875.25
2.01
94.6
29.24
780.65
75.13 3,388.43
0.00
0
13.95
598.58
2.17
101.72
0.00
176.11 6,663.40
0.44
11.72
10.61
450
1.37
48.22

100
0
100
-2.36
0
97.64
0
0
0
35.13
16.18
13.85
8.26
0
73.42
26.58
24.22
0.54
23.68
4.72
0
18.96
0
18.96
2.05
16.91
73.42
0
12.97
2.2
0
144.37
0.25
9.75
1.04

TREND PERCENTAGE
sales
rs

cgs
rs

%

gross profit
rs
%

%

year
2004
2005
2006
2007
2008

1,127.98
1,447.01
3,032.92
3,768.62
4,615.39

100
128.28
268.88
334.1
409.17

0
0
0
0
0

0
0
0
0
0

406.49
792.63
1,355.90
1,093.12
1,445.81

100
194.99
333.56
268.92
355.68

ENTAGE
operating expenses
rs
%
843.05
1,090.48
2,223.16
2,831.54
3,388.43

100
129.35
263.7
335.87
401.93

operating profit
rs
%
284.93
356.53
809.76
937.08
1,226.96

100
125.13
284.2
328.88
430.62