This action might not be possible to undo. Are you sure you want to continue?
The pro business approach of the Government has felicitated Gujarat’s relentless drive towards Industrialization by making the state an ideal Business and Investor friendly destination. Gujarat is the home for Dynamic Industrialists and Business Entrepreneurs. the changes were not only Industrial but social and intellectual. ECONOMIC CYCLE: Rolling down the years since ancient trade. Sustainable and Inclusive Growth. It is also one of the most industrialized states of India. By 1700s. The state has the fastest growing economy in the country. In present Business scenario. The only state to emerge as ‘Investor friendly’. the fundamentals of its Economy is strong and vibrant. and has a per capita GDP almost twice that of the national average. It is emerging as ‘EVA’ (Economic Value Added) State with sustainable Industrial Growth.INTRODUCTION: Gujarat played an important role in the Economic History of India throughout. The remarkable resilience of the Economy of Gujarat as the fastest growing state in the country. both for domestic and foreign. Surat flourished and it had pre-eminent position as chief trading center of India. Gujarat has achieved the distinction of being the top most industrially developed state in India in respect of investment in industrial . INDUSTRIES IN GUJARAT: Gujarat’s Industrial Policy 2009 is geared for catalyzing Robust. The Industrial Policy acts as a catalyst to face the challenges to manage the inevitable volatility of Industrial Cycles. 1500-1600s had great Merchant Traders and moneylenders who possessed high status in the world of business.
3. it has disbursed over Rs. Gujarat is a revenue plus state. out of which. THE GUJARAT STATE FINANCIAL CORPORATION: Gujarat State Financial Corporation (GSFC) is a pioneer term lending development financial institution in the State of Gujarat. It is created under the State Financial Corporation Act. 83. has provided much needed finance to small and medium sale enterprises and has played a significant role in the industrial development and economic growth of Gujarat. Overall. Formed in 1960. 1951 passed by Parliament.000 units in the state.5%.sector and second among states in respect of value of production and value addition in industrial sector in India. GSFC’s mandate is to provide finance to small and medium scale enterprises. The GSFC has a market capitalization of 22.63 . Gujarat is a contributing State which accounts only for 5% of the country’s population and 6% of its geographical area. The Corporation has played a stellar role in creating new and first time entrepreneurs. Growth in the Industrial sector is as high as 12. By exercising financial discipline and rationalizing the tax structure.000 jobs in Gujarat. GSFC has sanctioned loans and advances of over Rs. This has created almost 6. Gujarat also proves the Investment-worthiness by mobilizing the highest share (22%) of investments in 2007-2008. it contributes to 16% of the Industrial production in the country. 300 crores to 47.4400 crores.
Gujarat State Financial Corporation Holder's Name Promoters General Public Financial Institutions Other Companies Others No of Shares 74810400 5642073 5201800 3307727 152000 % Share Holding 83. Shareholding pattern . DII’s Holding and Share Holding by general Public etc.17% .95% 6. FII’s Holding.33% 5.71% 0.84% 3.Given below is the Shareholding Pattern page of the GSFC. It represents the Promoters Holding.
21 30.15 0.39 58.92 -24.82 30.19 -6.06 14.31 21.38 Mar'09 -117.45 1.31 12.93 Mar'08 -109.64 Mar'06 -12.End of the Year 7.00 10.01 Net Cash Flows from Operating Activity Net Cash Used in Investing Activity Net Cash Used in Financing Activity Net Inc/Dec in Cash and Cash Equivalent Cash and Cash Equivalent Beginning of the Year Cash and Equivalent .75 6.95 -4.33 0.14 5.31 -76.30 20.54 14.02 96.66 -4.13 Mar'07 -311.26 -135. its comparison with sector peers and 5 years of cash flow statement Cash Flow Particulars Profit Before Tax Mar'10 -129.75 .58 10.75 10.21 -73.95 5.THE CASH FLOW: The cash flow of Gujarat State Finance Corporation represents the key cash flow ratios.21 -12.40 109.06 9.64 -9.
00 .THE PROFIT AND LOSS ACCOUNT: Profit & Loss .16 57.39 184.00 2.00 184.03 108.10 0.00 66.81 0.00 6.54 0.Gujarat State Financial Corporation Mar'10 12 Months Mar'09 12 Months Mar'08 12 Months Mar'07 12 Months Mar'06 12 Months INCOME: Sales Turnover Excise Duty 27.00 29.34 0.00 29.00 0.00 11.00 0.00 7.69 0.05 55.00 56.72 0.00 0.00 66.91 67.86 0.00 184.10 0.03 243.57 0.49 0.00 TOTAL INCOME 28.00 0.74 EXPENDITURE: Manufacturing Expenses Material Consumed Personal Expenses Selling Expenses Administrative Expenses Expenses Capitalized 0.00 0.00 0.17 0.00 56.15 30.83 0.82 0.02 20.54 0.17 0.00 0.00 NET SALES Other Income 27.49 0.10 0.69 0.00 8.00 0.00 0.23 0.00 0.04 47.
01 KEY ITEMS Preference Dividend 0.Provisions Made 0.55 0.09 -221.50 -9.19 0.85 66.28 0.70 0.00 0.37 0.00 -109.07 -9.72 89.91 EBT Taxes -156.84 4.64 0.00 .16 EBITDA Depreciation Other Write-offs 5.00 0.00 0.00 0.00 0.56 0.62 251.19 -221.45 -2.88 114.32 0.80 0.00 TOTAL EXPENDITURE Operating Profit 22.53 61.46 -2.00 -129.33 -0.06 Profit and Loss for the Year Non Recurring Items Other Non Cash Adjustments Other Adjustments REPORTED PAT -156.96 30.00 4.00 -1.15 136.13 -311.94 67.28 0.51 75.56 67.00 -117.00 -220.00 0.70 59.40 0.55 EBIT Interest 5.74 0.3 -12.00 0.40 0.46 0.40 0.80 0.93 -109.00 5.53 0.00 0.35 0.00 0.06 -311.04 161.04 4.70 -3.87 4.04 18.64 -9.41 8.24 0.40 116.07 -4.07 -311.38 -138.31 -109.99 0.01 -138.31 0.
00 0.00 891.00 0.97 -1.00 0.00 891.14 EPS .00 891. The presence of banking and financial institutions in Gujarat ensures the proper flow of money through the regional economy.14 0.14 0.35 THE BANKS and FINANCIAL INSTITUTIONS: The Indian state of Gujarat is the industrial powerhouse of western India. The primary function of the banking and financial institutions in Gujarat is to act as intermediaries between the capital and debt markets. They transfer funds from the retail or institutional investor to those companies.00 0. which provide financial services that include receiving deposits of money.00 891. They accept deposits from customers and then grants loans to companies and individuals on the strength of those deposits. Any Bank of Gujarat offers sophisticated financial services to cater to the varied demands of a fast developing economy.14 0.00 891.Equity Dividend Equity Dividend (%) Shares in Issue (Lakhs) 0.14 0.Annualized (Rs) -14. The banks of Gujarat also offer value added services like insurance . lending money and financial transaction processing.00 0.23 -12.25 -34.52 -13. which require funding. The banks of Gujarat are commercial institutions.
The branches of state banks are spread out in 26 regions across the state.products. • Ahmadabad • Amreli • Anand • Banaskantha • Bharuch • Bhavnagar • Dahod • Dangs • Gandhinagar • Jamnagar • Junagadh • Kheda • Kutch • Mehsana • Narmada . investment products and even stock broking. Namely.
• Navsari • Panchmahals • Patan • Porbandar • Rajkot • Sabarkantha • Surat • Surendranagar • Tapi • Vadodara • Valsad The various banks in Gujarat are: ABN AMRO Bank ANZ Grindlays Bank Bank Of America Bank Of Tokyo Citi Bank Deutsche Bank Standard Chartered Bank Allahabad Bank Canara Bank Indian Overseas Bank Punjab National Bank Reserve Bank of India State Bank of India HDFC Bank ICICI Bank IDBI Bank Lord Krishna Bank Syndicate Bank UCO Bank .
365 days a year. ATM cards and debit cards Safe Deposit Box facility for storing tangible items of considerable monetary value Financial advisory services Long term financial planning The banks of Gujarat perform financial activities via various methods. An ATM is a cash point open 24 hours a day. A partial list of the methods employed is: Bank branch: It is a retail location where the offer its full complement of services under one roof ATM: It is a device to impart cash transactions of a bank without a human presence. Online banking: Online banking is banking facilitated through the World Wide Web. Telephone banking: The banking transactions are completed over phone lines. .The State Banks Of Gujarat offer the following services: Savings and Current accounts to individuals and businesses Grants a variety of loans to both individuals and businesses Encashment of cheques Facilitates money transactions like wire transfers Issuing retail financial products like credit cards.
which enables them to showcase and witness investment opportunities from all over the world. with 74810400 number of shares and 83. belongs to promoters. It is Gujarat’s one huge ticket to show the world what they’re capable of and what they have the world to offer.95% of share holding. which lets them allocate extra budget in fields of their choice. from social causes to national impacts. the maximum stock market in the state. the inflow of capital is pretty high. new opportunities and available profitable options are discussed. At the summit. trades and transactions are carried out. The most prominent media in Gujarat are the print. Gujarat has the Annual Gujarat Trade Summit every year. their Returns On Investments are also pretty high. In addition. They are an active participant in the happenings around them in every aspect. As seen in one of the Budget flow charts earlier. so on and so forth. . Due to powerhouse industrialization. Of which print and television are the most penetrative while radio is lagging behind in some regions. the media neither are disinterested observers nor merely biased against the state of affairs. Since Gujarat is one of the most Investment friendly states in the country. even in urban areas.MEDIA IN GUJARAT: In Gujarat. Internet has minimum penetration. radio and television.
The Tatas moving into Gujarat has made a lot of difference to the investment sentiment of the state. it just take Gujarat to an entirely new level. it brings Gujarat into a completely positive light. something it always needs.Add to this the fact that the industries heavyweight TATA move it’s Nano plant to Gujarat. This is expected to attract . With the publicity given to the car and thus to the manufacturing state.
Although Gujarat was not keen on providing concession to any industry. . thus more profits and more goodwill.even more investment. given the competition between the states to grab the prestigious project and the opportunity to create a good environment in Gujarat. it made an exception in the case of the Tata Nano project. This only succeeds in highlighting the impeccable standards and financial credentials of Gujarat.
This action might not be possible to undo. Are you sure you want to continue?
We've moved you to where you read on your other device.
Get the full title to continue reading from where you left off, or restart the preview.