You are on page 1of 16

-----------------

Balance -- in Rs. Cr.
Sheet of -----------------
Essar Oil --
Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Sources Of Funds
Total Share
Capital 1,100.18 1,156.13 1,190.36 1,218.13 1,218.13

Equity Share
Capital 1,100.18 1,156.13 1,190.36 1,218.13 1,218.13
Share Applic
ation Money 0 0 151.67 91.03 1,153.21
Preference
Share
Capital 0 0 0 0 0
Reserves 1,420.55 1,839.00 2,258.69 2,272.85 2,302.31
Revaluation
Reserves 0 0 0 0 0
Networth 2,520.73 2,995.13 3,600.72 3,582.01 4,673.65
Secured Loa
ns 5,602.96 7,739.08 9,134.05 9,419.15 9,470.59
Unsecured L
oans 464.62 832.36 881.54 612.56 883.14
Total Debt 6,067.58 8,571.44 10,015.59 10,031.71 10,353.73
Total
Liabilities 8,588.31 11,566.57 13,616.31 13,613.72 15,027.38
Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Application Of Funds
Gross Block 279.12 303.86 551.68 13,364.74 13,802.50
Less:
Accum.
Depreciation 94.76 107.59 121.6 758.9 1,493.15
Net Block 184.36 196.27 430.08 12,605.84 12,309.35

Capital Work
in Progress 8,304.07 10,633.63 13,290.31 1,913.90 4,318.75

Investments 89.65 109.37 103.05 103.05 203
Inventories 36.49 3,417.97 4,890.92 2,250.93 3,969.44
Sundry
Debtors 81.12 176.84 803.36 1,165.35 2,033.30
Cash
and Bank Bal
ance 31.4 114.65 142.78 155.44 117.09

Total Current
Assets 149.01 3,709.46 5,837.06 3,571.72 6,119.83
Loans and
Advances 305.23 399.29 856.01 2,865.17 1,787.69
Fixed
Deposits 488.53 528.32 860.06 1,019.19 1,233.66
Total
CA, Loans &
Advances 942.77 4,637.07 7,553.13 7,456.08 9,141.18
Deffered
Credit 0 0 0 0 0
Current
Liabilities 931.04 4,002.75 7,747.31 8,439.81 10,922.09
Provisions 1.5 7.02 12.95 25.34 22.81
Total CL &
Provisions 932.54 4,009.77 7,760.26 8,465.15 10,944.90
Net Current
Assets 10.23 627.3 -207.13 -1,009.07 -1,803.72

Miscellaneou
s Expenses 0 0 0 0 0

Total Assets 8,588.31 11,566.57 13,616.31 13,613.72 15,027.38

Contingent
Liabilities 1,051.72 3,842.63 6,185.15 6,430.35 22,091.84
Book Value
(Rs) 23.26 26.28 29.38 29.05 29.3
-----------------
Balance -- in Rs. Cr.
Sheet of -----------------
Essar Oil --
Mar '00 Mar '01 Sep '02 Dec '03 Mar '05

12 mths 12 mths 18 mths 15 mths 15 mths

Sources Of Funds
Total Share
Capital 371.75 371.75 371.75 371.75 955.9

Equity Share
Capital 371.75 371.75 371.75 371.75 955.9
Share
Application
Money 0 0 0 0 0
Preference
Share
Capital 0 0 0 0 0
Reserves 1,263.15 1,273.58 1,268.01 1,288.65 1,448.92
Revaluation
Reserves 0 0 0 0 0
Networth 1,634.90 1,645.33 1,639.76 1,660.40 2,404.82
Secured
Loans 3,836.52 4,239.55 5,188.83 5,826.75 4,833.06
Unsecured
Loans 43.19 288.73 333.5 267.52 281.65
Total Debt 3,879.71 4,528.28 5,522.33 6,094.27 5,114.71
Total
Liabilities 5,514.61 6,173.61 7,162.09 7,754.67 7,519.53
Mar '00 Mar '01 Sep '02 Dec '03 Mar '05

12 mths 12 mths 18 mths 15 mths 15 mths

Application Of Funds
Gross Block 523.37 537.49 582.76 217.65 233.52
Less:
Accum.
Depreciation 129.9 156.17 198.12 73.52 88.63
Net Block 393.47 381.32 384.64 144.13 144.89

Capital Work
in Progress 5,113.98 5,899.16 7,109.35 8,241.48 7,429.74

Investments 68.99 69 76.27 78.19 73.05
Inventories 13.78 15.42 18.6 15.13 134.61
Sundry
Debtors 105.58 109.51 129.47 57.94 102.06
Cash and
Bank
Balance 24.6 16.41 9.12 7.97 39.03

Total Current
Assets 143.96 141.34 157.19 81.04 275.7
Loans and
Advances 461.43 450.57 376.54 421.16 188.2
Fixed
Deposits 227.45 206.23 228.87 385.46 660.28
Total CA,
Loans &
Advances 832.84 798.14 762.6 887.66 1,124.18
Deffered
Credit 0 0 0 0 0
Current
Liabilities 910.98 1,000.99 1,185.44 999.21 706.16
Provisions 15.28 15.74 27.49 597.58 546.17
Total CL &
Provisions 926.26 1,016.73 1,212.93 1,596.79 1,252.33
Net Current
Assets -93.42 -218.59 -450.33 -709.13 -128.15

Miscellaneou
s Expenses 31.59 42.72 42.16 0 0

Total Assets 5,514.61 6,173.61 7,162.09 7,754.67 7,519.53

Contingent
Liabilities 1,272.83 1,126.97 1,382.24 1,831.65 1,580.39
Book Value
(Rs) 46.03 46.33 46.17 46.75 25.6
Profit & -----------------
Loss -- in Rs. Cr.
account of -----------------
Essar Oil --
Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Income
Sales
Turnover 649.27 473.98 562.29 41,855.97 42,401.68
Excise Duty 0 0 0 3,749.62 5,086.27
Net Sales 649.27 473.98 562.29 38,106.35 37,315.41
Other
Income 41.11 10.39 14.49 -1,117.35 871.93
Stock
Adjustments -97.79 96.85 317.13 -991.75 310.81
Total
Income 592.59 581.22 893.91 35,997.25 38,498.15
Expenditure
Raw
Materials 542.42 562.93 911.51 33,265.56 34,633.58
Power &
Fuel Cost 0 0 0 159.31 202.37
Employee
Cost 18.5 12.32 2.3 96.88 97.5

Other
Manufacturin
g Expenses 0 0 0 182.79 174.11
Selling and
Admin
Expenses 93.84 31.51 9.95 1,090.10 1,345.34

Miscellaneou
s Expenses 3.88 13.85 5.63 0 107.43
Preoperative
Exp
Capitalised 0 0 0 0 0
Total
Expenses 658.64 620.61 929.39 34,794.64 36,560.33
Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Operating
Profit -107.16 -49.78 -49.97 2,319.96 1,065.89
PBDIT -66.05 -39.39 -35.48 1,202.61 1,937.82
Interest 21.14 10.65 6.06 1,091.48 1,180.93
PBDT -87.19 -50.04 -41.54 111.13 756.89
Depreciation 4.66 4.51 2.53 654.85 728.31
Other Written
Off 0 0 0 0 0
Profit Before
Tax -91.85 -54.55 -44.07 -543.72 28.58
Extra-
ordinary
items 0 0 0 0 0.88
PBT (Post
Extra-ord
Items) -91.85 -54.55 -44.07 -543.72 29.46
Tax 1.63 12.94 -2.89 -30.21 0
Reported
Net Profit -93.68 -67.49 -41.18 -513.51 29.46
Total Value
Addition 116.22 57.68 17.88 1,529.08 1,926.75
Preference
Dividend 0 0 0 0 0
Equity
Dividend 0 0 0 0 0

Corporate
Dividend Tax 0 0 0 0 0
Per share data
(annualised)

Shares in
issue (lakhs) 10,835.77 11,395.31 11,737.58 12,015.30 12,015.30

Earning Per
Share (Rs) -0.86 -0.59 -0.35 -4.27 0.25

Equity
Dividend (%) 0 0 0 0 0
Book Value
(Rs) 23.26 26.28 29.38 29.05 29.3
Profit & -----------------
Loss -- in Rs. Cr.
account of -----------------
Essar Oil --
Mar '00 Mar '01 Sep '02 Dec '03 Mar '05

12 mths 12 mths 18 mths 15 mths 15 mths

Income
Sales
Turnover 229.89 167.94 292.64 173.25 1,062.10
Excise Duty 0 0 0 0 0
Net Sales 229.89 167.94 292.64 173.25 1,062.10
Other
Income -2.29 16.99 31.48 44.51 83.4
Stock
Adjustments 0 0 0 12.43 118.78
Total
Income 227.6 184.93 324.12 230.19 1,264.28
Expenditure
Raw
Materials 21.2 16.15 21.05 69.86 1,079.99
Power
& Fuel Cost 0.18 0 0 0 0
Employee C
ost 56.73 56.87 94.9 44.87 14.72

Other
Manufacturin
g Expenses 48.29 24.96 40.41 17.23 0.06
Selling and
Admin
Expenses 25.01 27.68 40.55 40.51 127.97

Miscellaneou
s Expenses 11.62 2.17 13.11 5.44 3.95
Preoperative
Exp
Capitalised 0 0 0 0 0
Total
Expenses 163.03 127.83 210.02 177.91 1,226.69
Mar '00 Mar '01 Sep '02 Dec '03 Mar '05

12 mths 12 mths 18 mths 15 mths 15 mths

Operating
Profit 66.86 40.11 82.62 7.77 -45.81
PBDIT 64.57 57.1 114.1 52.28 37.59
Interest 31.48 21.05 24.39 9.36 17.01
PBDT 33.09 36.05 89.71 42.92 20.58
Depreciation 22.3 20.99 35.47 17.69 6.22
Other Written
Off 7.57 2.11 11.94 11.2 0
Profit Before
Tax 3.22 12.95 42.3 14.03 14.36
Extra-
ordinary
items 0 0 -30.73 2.04 6.04
PBT (Post
Extra-ord
Items) 3.22 12.95 11.57 16.07 20.4
Tax 5.99 2.52 17.14 -4.57 10.54
Reported
Net Profit 25.05 10.43 25.16 20.64 9.86
Total Value
Addition 141.83 111.68 188.97 108.05 146.7
Preference D
ividend 0 0 0 0 0
Equity Divide
nd 0 0 0 0 0
Corporate Di
vidend Tax 0 0 0 0 0
Per share data
(annualised)

Shares in
issue (lakhs) 3,551.44 3,551.44 3,551.44 3,551.44 9,392.98

Earning Per
Share (Rs) 0.71 0.29 0.71 0.58 0.1
Equity Divide
nd (%) 0 0 0 0 0
Book Value
(Rs) 46.03 46.33 46.17 46.75 25.6