You are on page 1of 4

CRISIL rating

On 27th. April, 2010, CRISIL has assigned its ratings of 'AA' for
Long Term, 'FAA+' for Fixed Deposits, 'AA' for Subordinated
Debt, 'AA' for Bank borrowings and reaffirmed its rating of
'P1+'on short term debt programme of the company. The
ratings reflect the company's strong market position in the
pre-owned commercial vehicle finance segment, healthy
capitalization, stable asset quality, and healthy earning profile

• Assets under Management :
Total Assets under Management as on 31st March, 2010 increased by
25.11% to Rs. 29,126 crores as compared to Rs. 23,281 crores as on
31st March, 2009.
Balance sheet
Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06
Sources of funds
Owner's fund
Equity share capital 225.54 203.54 203.16 184.18 150.56
Share application
7.62 45.53 42.48 20.00 38.57
money
Preference share
- - - - -
capital
Reserves & surplus 3,609.22 2,067.57 1,570.72 882.23 649.77
Loan funds
Secured loans 15,172.48 16,774.59 11,553.90 6,338.91 3,743.04
Unsecured loans 3,287.43 3,346.72 3,232.45 2,399.53 653.05
Total 22,302.29 22,437.95 16,602.71 9,824.85 5,234.98

437.052.02 30.75 22.15 Net current assets Current assets.66 18. 0. - reserve Less : accumulated 51.73 progress Investments 1. . .87 25.69 & advances Less : current liabilities & 4.302.39 183.576.60 131.378.824.61 5.27 9. .11 10.44 54.53 1.84 0.57 9.35 quoted investments .49 provisions Total net current 20.849.273.09 182.17 depreciation Net block 46.447.35 9.66 Less : revaluation .681.64 127.85 1.14 214.80 224.85 5. .79 52.49 investments Market value of 40.45 134.68 2.856.068.98 Notes: Book value of unquoted 1.119.41 expenses not written Total 22.29 22.64 649.18 106.044.14 0.362. loans 25.27 142.95 16.45 9.432.49 Capital work-in- .014.602.06 16.63 15.48 9.61 1.42 24.45 984.50 210. 39.234.09 .818.444.67 5. .71 9. .20 assets Miscellaneous 37.13 6.674.24 67.62 240. Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06 Uses of funds Fixed assets Gross block 97.

25 1.78 266.92 415.78 2.90 262. .933.977.85 13.494.94 liabilities Number of equity sharesoutstanding 2255.17 Adjusted PBDIT 3.58 .99 .55 34.306.53 .08 200.34 1.296.20 Adminstrative expenses 611.73 637. 6.018.12 2031.692.03 Selling expenses 59.81 37.80 51.62 390.39 Adjusted PBT 1.69 553.51 351.04 922.44 286. Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06 Contingent 8.29 1.06 Depreciation 14.37 7.77 Financial expenses 2. 0. - Cost of sales 908.79 1.14 64.77 Expenses capitalised .66 57.14 0.74 1.79 Other write offs 4.59 1505.79 641.409.11 790.96 1. - Manufacturing 12.246.935.77 216.82 599.29 75.91 5.023.06 33.96 34.72 151.60 Other recurring income 78.15 5.24 expenses Personnel expenses 225.18 2035.47 484.85 Expenses Material consumed .09 88.451. .43 2.87 47. .402.901.572.54 125.898.25 Operating profit 3.62 723.06 12.47 10.19 71.57 101.83 3.05 3.35 1841.67 1.41 (Lacs) Profit loss account Mar ' Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07 06 Income Operating income 4.82 9.27 0.52 903.72 2.06 4.41 66.87 2.

46 Earnigs before 1. Mar ' Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07 06 Tax charges 451. .37 Retained earnings 1.59 383.31 Preference dividend .36 appropriation Equity dividend 136. . . .40 389.23 216.24 Dividend tax 22.45 . -0.12 612.62 150. .86 102.43 141.86 177.297.83 187. .71 7.31 17.18 adjustments Reported net profit 873.01 101.83 74.00 Non recurring items 18.32 48.18 6.36 Other non cash .21 887.456.55 -2. 4.09 391.43 187.96 54.77 17.66 210.44 768.01 98.32 240.53 Adjusted PAT 854.52 -0.26 512.47 308.95 142.50 8.40 -0.57 614.