Main Project

Company Profile

Mr. P.V RAGHAVA RAO founded PAVANI GROUP IN 1995 to promote Apartment construction in Nellore town, at a point of time when Apartment Culture was still new there. He thus become pioneers in Apartment Industry within a short span of time. with all his hard-work, foresight and vision the group of companies has completed 14 projects and five projects are in progress and many more in the anvil, spreading all over south India,Viz. Hyderabad, Chennai, Nellore and Bangalore.

PAVANI HOMES, backed up by ten years of experience in architectural planning, design and implementation, has come of age, in that, the company has analyzed the demanding choosy requirements of home owners that encompass above parameters and they are determined to a deliver a home tailor made for each owner, snug fitting his or her aesthetics, psychology and ethical Standards. PAVANI HOMES keep in its mind the futuristic requirements. This calls for world-class specifications and high standards of construction practice. Backed up by highly and experienced Civil Project Directors with their team of young field engineers, who have completed a number of projects in and around Bangalore, Chennai, Nellore and Hyderabad covering Residential, Commercial Buildings, PAVANI HOMES is never short of concept for timely completion of high quality buildings. While doing so they ensure that they do not end up functional Architectural cul-de-sac.

Group Profile

Group Companies Key PersonM/s Pavani Homes P.V. Raghava Rao, Proprietor

M/s Pavani Prestage P.Pavani, Proprietor

M/s P avani Constructions Vanajakshamma, Proprietor

M/s Pavani Estate Radhika, Proprietor

M/s Simhapuri Apartments Somaiah Naidu, Proprietor

Hotel Pavani Residency Vanajakshamma, Proprietor

M/s Pavani Park Ravi Kumar, Proprietor

Top

Profile of Key Personnel

Mr. P.V. Raghava Rao

Aged about 44 years, has worked for 21 years as Manager in Andhra Bank and took Voluntary Retirement,Coming from Agricultural family, he studied B.Sc (Biology) and completed his Masters in Arts From Andhra University.He also accomplished CAIIB.He is naturally blessed with Excellent Business Acumen and Smart Financial

[Brahmaiah college of Engineering] 1

Planning. He is master in Management Skills and is a Task Master. His Passion for work and quality is contagious, which reflects in every workmen associated with him and in the product he creates. Mrs.P. Pavani

She is wife of Mr.P.V. Raghava Rao, the lady behind the success of Mr.Raghava Rao.She is an entrepreneur in the making and actively participates in the organization. She assists him in Financial and Administrative aspects. She was awarded as BEST OUTSTANDING YOUNG BUSINESS PERSON in South India by Jaycees International for the year 2001.Top

Strength of the company

10 Years of hands on experience in constructionUncompromising QualityExceptional Customer CareOutstanding Service After SaleIn-house team of professionals, skilled and semi-skilled workersSound financial backup and planningDynamic, well-experienced marketing teamEstablished network of banks, liason team, etc.Unmatched professional bak-up of legal advisors, architects, engineers, consultants etc. on panel

Our Motto

Over ten years of our experience has made us versatile in the field knowing the exact requirements of our customers. Our motto is to give the best possible value for every rupee the customers invest in the house build by us. Pavani Homes is an organisation driven by long term vision, its ultimate goal being developing and retaining large number of happy and satisfied customers.

To know the financial performance of the business.

To analyze the liquidity position of the business.

To know the working capital policies of the business.


To identify the profitability of the business.

To know the how much working capital is maintain of the business.

To know the sources to raise working capital.

To know the optimum level of working capital in the buness.

DATA ANALYSIS AND INTERPRETATION

Working capital:

Working capital means the excess of current assets or current liabilities statement

of changes in working capital is prepared to show the changes in the working capital between

the two balances sheet dates. This statement is prepared with the help of current assets and

current liabilities derived the two balance sheet.


As working capital = Current assets – Current liabilities

1) An increase in current assets increases working capital

2) An decrease in current assets decreases working capital

3) An increase in current liabilities decreases working capital

4) An decrease in current liabilities increased working capital

The changes in the amount of any current asset or current liability in the current

balance sheet as compared to that of the previous balance sheet either results increase

or decrease in working capital. The difference is recorded for each individual current

asset and current liability. In case a current asset in the current period is more than in

the previous period, the effect is an increase in working capital and it is recorded in the

increase column. But if current liability in the current period is more than the previous

period the effect is decreased in the working capital and it is recorded in the decreased

column and vice versa. The total increase and total decrease are compared and the

difference shows the net increase or net decrease in working capital, it is worth that

scheduled of changes in working capital is prepared only form current assets and

current liabilities and other information is not any use for preparing the statement.

TABLE: 1

PARTICULARSAS ON

31.03.2006

AS ON

31.03.2007

SCHEDULE CHANGES

IN WORKING CAPITAL

INCREASE DECREASE

Current assets

Investment 0.02 0.02 - -

Inventories 20.11 30.90 10.79 -

Sundry debtors 26.28 32.81 6.53 -

Cash & Bank balances 0.40 3.80 3.40 -

Loans & Advances 6.41 9.03 2.62 -


Fixed deposits 0.00 0.00 - -

Total C.A – (A) 53.22 76.56

Current liabilities

Current Liabilities 10.43 32.54 - 22.11

Provisions 1.23 1.89 - 0.66

Total C.L – (B) 11.66 34.43

Net W.C (A-B) 41.56 42.13

0.57 - 0.57

42.13 42.13 23.34 23.34

Statement of changes in working capital from 2006 to 2007 Rs in Cr.

Interpretation:

The statement of changes in working capital in the year 2006-07 the current assets like inventories, sundry debtors, cash and bank balances, loans advances are increased and other current assets are maintained same.

The current liabilities are decreased, net working capital is increased.

TABLE: 2

Statement of changes in working capital from 2007 to 2008. Rs In Cr

PARTICULARSAS ON

31.03.2007

AS ON

31.03.2008

SCHEDULE CHANGES

IN WORKING CAPITAL

INCREASE DECREASE

Current assets


Inventories 30.90 39.95 9.05 -

Sundry debtors 32.81 32.40 - 0.41

Cash & Bank balances 3.80 0.78 - 3.02


Loans & Advances 9.03 8.11 - 0.92

Fixed deposits 0.00 0.00 - -

Total C.A – (A) 76.56 81.26

Current liabilities

Current Liabilities 32.54 16.09 16.45 -

Provisions 1.89 1.66 0.23 -

Total C.L – (B) 34.43 17.75

Net W.C (A-B) 42.13 63.51

21.38 - 21.38

63.51 63.51 25.73 25.73

Interpretation:

The statement of changes in working capital in the year 2007-08 the current assets like inventories, sundry debtors, cash and bank balances, loans&advances are decreased.

The current liabilities are increased, net working capital is increased

TABLE: 3

Statement of changes in working capital from 2008 to 2009 Rs In Cr.

PARTICULARSAS ON

31.03.2008

AS ON

31.03.2009

SCHEDULE CHANGES

IN WORKING CAPITAL

INCREASE DECREASE

Current assets


Inventories 39.95 48.97 9.02 -

Sundry debtors 32.40 41.61 9.21 -

Cash & Bank balances 0.78 0.37 - 0.41

Loans & Advances 8.11 6.60 - 1.51

Fixed deposits 0.00 0.47 0.47 -

Total C.A – (A) 81.26 98.04


Current liabilities


Provisions 1.66 1.83 - 0.17

Total C.L – (B) 17.75 18.68

Net W.C (A-B) 63.51 79.36

15.85 - 15.85

79.36 79.36 18.70 18.70

Interpretation:

The statement of changes in working capital in the year 2008-09 the current assets like fixed deposits, sundry debtors, investments are increased and other current assets are decreased.

The current liabilities are decreased, net working capital is increased

TABLE: 4

Statement of changes in working capital from 2009 to 2010 Rs In Cr.

PARTICULARSAS ON

31.03.2009

AS ON

31.03.2010

SCHEDULE CHANGES

IN WORKING CAPITAL

INCREASE DECREASE

Current assets


Inventories 48.97 50.24 1.27 -

Sundry debtors 41.61 41.49 - 0.12

Cash & Bank balances 0.37 0.71 0.34 -

Loans & Advances 6.60 9.06 2.46 -

Fixed deposits 0.47 0.59 0.12 -

Total C.A – (A) 98.04 102.11

Current liabilities



Provisions 1.83 2.02 - 0.19

Total C.L – (B) 18.68 25.45

Net W.C (A-B) 79.36 76.66

2.70 2.70 -

79.36 79.36 6.89 6.89

Interpretation:

The statement of changes in working capital in the year 2009-10 except sundry debtors all current assets are increased.

The current liabilities are decreased, net working capital is decreased

INTERPRETATION

As it shown in the above scheduled changes of working capital statements one

can understand that there are different working capital requirements has been allotted during

period. However, if we go to in depth analysis of the trend in the changing pattern of the

working capital in the company we must analysis with suitable tool to get the actual tends or

changes in the schedules of working capitals. The tables explain these changing schedules

of WC of pallava granite industries (i) pvt ltd during the period of 2006 to 2010 financial years.

Scheduled of changes in working capital

Rs in crores


Working Capital

2006-072007-082008-092009-10

Years Current Assets Current Liabilities Working Capital

2006-07 41.56 42.13 0.57

2007-08 42.13 63.51 21.38

2008-09 63.51 79.36 15.85

2009-10 79.36 76.66 -2.75

DATA ANALYSIS AND INTERPRETATION:-

1. CURRENT RATIO:

This ratio indicates the firm’s commitment to meet short liabilities. The ideal

current ratio is 2:1 but a very high current ratio also not preferable.

Current assets means assets that with either be used up or converted into

cash within a year time at normal operating cycle. Current liabilities are those which

are payable within a year of operating cycle.

Current Assets

Current ratio = ---------------------------

Current liabilities

CURRENT RATIO

Rs in crores


Years Current Assets Current Liabilities Ratio (%)

2006 53.22 11.66 4.56

2007 76.61 34.43 2.22

2008 81.26 17.75 4.57

2009 98.04 18.68 5.24

2010 102.11 25.45 4.01

Interpretation:

As Per ratios, the current ratio ideal ratio is 2:1.in

2006 and 2009 Current ratio is high, from 2007, 2008, and 2010 decreasing the

current ratio. So we will maintain the current assets and we will better to maintain the

current ratio and we will pay to ability of current obligation.


2006 2007 2008 2009 20100

1

2

3

4

5

6

Figure-1

Ratios (%)

Years

Ratio

s

2. QUICK RATIO:

Another important ratio which determines the financial solvency positions of the

company is quick asset ratio. Which is also called acid test ratio this ratio is

ascertained by comparing liquidity assets with current liabilities.

Liquid assets are those current assets other than stock and prepaid expenses.

Liquid Assets

Quick ratio = ---------------------------

Current liabilities

QUICK RATIO

Rs in crores

Interpretation:

According to quick ratio ideal ratio is 1:1.in 2006 ratio is

2.83is high and to compare the other years we will decrease. And we will maintain

the Ideal ratio. We will better to concentrate on the quick assets.


Years Liquid Assets Current Liabilities Ratio (%)

2006 33.11 11.66 2.83

2007 45.71 34.43 1.32

2008 41.31 17.75 2.32

2009 49.07 18.68 2.62

2010 51.87 25.45 2.03


2006 2007 2008 2009 20100

0.5

1

1.5

2

2.5

3

Figure-2

Ratios (%)

Years

Ratio

s

3. CASH RATIO:

It measures the short term debt paying ability. This ratio is obtained by dividing

cash and trade investment or marketable securities by current liabilities.

Cash + Marketable Securities

Cash ratio = ----------------------------------------

Current liabilities

CASH RATIO

Rs in crores

Interpretation:


YearsCash+Marketable Securities

Current Liabilities Ratio (%)

2006 0.40 11.66 0.034

2007 3.80 34.43 0.11

2008 0.78 17.75 0.04

2009 0.37 18.68 0.02

2010 0.71 25.45 0.03

The cash ratio of Pallava granite industries is also

shows fluctuating trend during the period under review. It was 0.03 in 2006, 0.11 in

2007, 0.04 in 2008, 0.02 in 2009 and 0.03 in 2010. The cash reserves are

decreased. As well as current liabilities also decreased.


2006 2007 2008 2009 20100

0.02

0.04

0.06

0.08

0.1

0.12

Figure-3

Ratios (%)

Years

Ratio

s

4.GROSS PROFIT RATIO:

It is the relationship between gross profit and sales. Gross Profit can be

obtained by deducting cost of goods sold from sales. Cost of goods sold from in the

case of trading concern is

Derived stock at finished goods plus purchase and direct expenses less closing

stock.

Gross Profit

Gross profit ratio = ----------------------- * 100

Sales

GROSS PROFIT RATIO

Rs in crores


Years Gross Profit Sales Ratio (%)

2006 24.15 77.85 31.02

2007 31.16 104.30 29.87

2008 19.39 101.42 19.11

2009 37.45 116.11 32.25

2010 40.35 131.24 30.74

Interpretation:

The gross profit ratio in Pallava Granite industries is showing the

ratio is increase. So we will maintain the same position.


2006 2007 2008 2009 20100

5

10

15

20

25

30

35

Figure-4

Ratios (%)

Years

Ratio

s

5. NET PROFIT RATIO:

This ratio relates net profit to sales and indicates net margin on sales .this is also

expressed in percentages and is also known as net profit margin or net profit margin

on sales.

Net profit

Net profit ratio = -------------------------- * 100

Sales

Net profit ratio

Rs in crores

Interpretation:

The net profit ratio of Pallava Granite industries is almost all

showing a ratio is decreased. But 2007 ratio is increased. So we will maintain better

to concentration on the net profit.


Years Net Profit Sales Ratio (%)

2006 7.94 77.85 10.19

2007 15.21 104.30 14.58

2008 8.00 101.42 7.88

2009 11.98 116.11 10.31

2010 10.64 131.24 8.10


2006 2007 2008 2009 20100

2

4

6

8

10

12

14

16

Figure-5

Ratios (%)

Years

Ratio

s

6. Absolute quick ratio:

It measures the short term debt paying ability. This ratio is obtained by dividing

cash and trade investment or marketable securities by current liabilities.

This test is more vigorous measure of a firm’s liquidity position.

Absolute quick assets

Absolute quick ratio = --------------------------------------

Current liabilities

Absolute quick Assets

Rs in crores

Interpretation:

Absolute liquid ratio ideal ratio is 1:1. All year’s ratio is

decreased. So we will better to consent rate on the ideal ratio.


Years Absolute quick Assets Current Liabilities Ratio (%)

2006 0.40 11.66 0.03

2007 3.80 34.43 0.11

2008 0.78 17.75 0.04

2009 0.37 18.68 0.01

2010 0.71 25.45 0.02


2006 2007 2008 2009 20100

0.02

0.04

0.06

0.08

0.1

0.12

Figure-6

Ratios (%)

Years

Ratio

s

7. WORKING CAPITAL TURNOVER RATIO:

This is also known as working capital leverage ratio indicates whether as

not working capital has been efficiently utilized in marketing sales this ratio indicates

the number at turns the working capital is turned over in course of a year a big ratio

indicates utilization at working capital.

Sales

Working capital turnover ratio = ----------------------------------

Networking capital

WORKING CAPITAL TURNOVER RATIO

Rs in crores

Interpretation:

It can be interpreted that the working capital turnover ratio of the

company during five periods. This ratio has decreased from 1.87 times in 2006 and

again it increased 2.47 times in 2007 and further years ratios are decreased.

Therefore, the working capital performance in sale performance of the company is

fair in the year 2007


Years Sales Net working Capital Ratio (%)

2006 77.85 41.56 1.87

2007 104.30 42.13 2.47

2008 101.42 63.51 1.59

2009 116.11 79.36 1.46

2010 131.24 76.66 1.71


2006 2007 2008 2009 20100

0.5

1

1.5

2

2.5

Figure-7

Ratios (%)

Years

Ratio

s

8.Total debt Ratio

Debt ratio is used to analyze the long-term solvency of a firm. It helps in

knowing the proportion of the interest bearing debt in the capital structure. Debt ratio

is computed by dividing total debt by capital employed (CE) or Net Assets (NA).

Total debt will include short and long-term borrowings from financial institutions,

debentures bonds, deferred payment arrangement for buying capital equipment,

bank borrowings, public deposits and any other interest-bearing loan. Capital

employed will include total debt and net worth.

Total debt

Debt ratio = ----------------------------------

Total debt + Net worth

Total debt Ratio

Rs in crores

Interpretation:

The total debt ratio is almost all resemblance to debt equity ratio. This

ratio increased from 0.30% in 2006, 0.36% in 2007, and 0.45% in 2008. Further it

has decreased from 0.39% in 2009, 0.32% in 2010. Therefore the company has go

low debt it is not always better to the company to gain the leverage by the

shareholders funds.


Years Total Debt Total Debt + Net Worth Ratio (%)

2006 24.94 80.54 0.30

2007 40.45 109.62 0.36

2008 62.52 138.46 0.45

2009 59.57 150.62 0.39

2010 47.43 144.81 0.32

9. Debt Equity Ratio


2006 2007 2008 2009 20100

0.05

0.1

0.15

0.2

0.25

0.3

0.35

0.4

0.45

Figure-8

Ratios (%)

Years

Ratio

s

The debt equity ratio shows the relative contribution of creditors and owner’s debt

equity ratio is measure of the long – term financial solvency of a firm. This ratio

indicated the relative proportions of debt and equity in financing the assets of the

firm.

The relationship between outsiders clam and owners capital can be shown in

different ways and accordingly, there are many variants of the debt equity ratio. One

approach is to express the debt equity ratio in terms of the relative proportion of

long-term debt and shareholders’ equity. Thus

Long term debt

Debt equity ratio = ------------------------------------

Shareholders equity

Debt Equity Ratio

Rs in crores

Interpretation:

The debt equity ratio shows increasing trend from 2006 to 2008.

Further years shows decreasing trend from 2009-2010. Therefore this indicates that

the company is reducing of dependence on debt funds and reducing the financial

risk.


Years Total debt Net worth Ratio (%)

2006 24.94 55.60 0.44

2007 40.45 69.17 0.58

2008 62.52 75.94 0.82

2009 59.57 91.05 0.65

2010 47.43 97.38 0.48

10. Debtor’s collection Period


2006 2007 2008 2009 20100

0.10.20.30.40.50.60.70.80.9

Figure-9

Ratios (%)

Years

Ratio

s

This ratio indicates the extent to which the debts have

been collected in time. The debit collection period indicates the average debt

collection period. This ratio is a good indicator to the lenders of the firm, because it

explains to them whether their borrower is collecting from its debt in time. An

increase in this period indicates blockage of funds in debtors.

Average debtors

Debtors collection period = ------------------------------ X 100

Sales

Debtor’s collection Period

Rs in crores

Interpretation:

The debtor’s collection period shows the Increasing position from

16.81 in 2006, 28.27 in 2007, and 31.93 in 2008, and 31.61 in 2009, and 31.45 in

2010.


Years Avg. Debtors Sales Ratio (%)

2006 13.14 78.19 16.81

2007 29.55 104.52 28.27

2008 32.61 102.14 31.93

2009 37.01 117.10 31.61

2010 41.55 132.10 31.45

11. INVENTORY TURNOVER RATIO:


2006 2007 2008 2009 20100

5

10

15

20

25

30

35

Figure-10

Ratios (%)

Years

Ratio

s

Every from has to maintain a certain level of inventory of finished goods so as

to be able to meet the requirements of the business but the level of inventory should

neither be too high nor too low is it harmful to hold more inventory for the following

reasons.

(a) It unnecessarily blocks capital which can otherwise be profitably used

somewhere else

Net Sales

Inventory turnover ratio = -----------------------------------

Inventory

INVENTORY TURNOVR RATIO

Rs in crores

Interpretation:

Inventory turnover ratio 7.74 in 2006 is very high. The other

year ratios are decreased. So we will maintain the batter position


Years Sales Avg. Inventory Ratio (%)

2006 77.85 1.05 7.74

2007 104.30 30.03 3.44

2008 101.42 35.43 2.86

2009 116.11 44.46 2.61

2010 131.24 49.60 2.64

12. DEBTORS TURNOVER RATIO:


2006 2007 2008 2009 20100

1

2

3

4

5

6

7

8

Figure-11

Ratios (%)

Years

Ratio

s

It is also called receivable turnover ratio. It also measures the liquidity of the

company. The purpose of this ratio is to discuss the credit collection power and

policy at the firm it indicates the number of terms debtors turnover each year higher

the ratio lowers average debtors to the lower credit sales.

Credit Sales

Debtors turnover ratio = ---------------------------

Avg debtors

DEBTORS TURNOVER RATIO

Rs in crores

Interpretation:

The debtor’s turnover ratio has increased from 5.95 times in 2006. Further it

has decreased slightly to 3.54 times in 2007, 3.13 times in 2008, 3.16 times in 2009

and 3.18 times in 2010.


Years Credit Sales Avg. Debtors Ratio (%)

2006 78.19 13.14 5.95

2007 104.52 29.55 3.54

2008 102.14 32.61 3.13

2009 117.10 37.01 3.16

2010 132.10 41.55 3.18

13. TOTAL ASSETS TURNOVER RATIO:

A firm’s ability to produce a large volume of sales for a given amount of

assets is the most important aspect of its pertaining performance. Unutilized and

underutilized assets increase the firms need for costly financing as well as expenses

for maintenance and up keep.


2006 2007 2008 2009 20100

1

2

3

4

5

6

Figure-12

Ratios (%)

Years

Ratio

s

Sales

Total assets turnover ratio = --------------------------

Total assets

TOTAL ASSETS TURNOVER RATIO

Rs in crores

Interpretation:

The total turnover ratio of Pallava Granite Industries is

showing an increasing trend. Its 77.85 in 2006, 104.30 in 2007, 101.42 in 2008,

116.11 in 2009, and 131.24 in 2010 total assets are increased from 83.53 in 2006,

109.63 in 2007, 138.47 in 2008, 150.62 in 2009, and 144.80 in 2010.


Years Sales Total Assets Ratio (%)

2006 77.85 80.53 0.96

2007 104.30 109.63 0.01

2008 101.42 138.47 0.73

2009 116.11 150.62 0.77

2010 131.24 144.80 0.90

FINDINGS:

.


2006 2007 2008 2009 20100

0.1

0.2

0.3

0.4

0.5

0.6

0.7

0.8

0.9

1

Figure-13

Ratios (%)

Years

Ratio

s

o The net profit ratio is fluctuating year by year like in 2006-10.19%, 2007-14.58%, 2008-7.88%, 2009-10.31%, 2010-8.10% so it is not satisfactory.

o Absolute quick ratio the idle ratio is 1:1 but all year absolute quick ratio is less than 1:1. So this ratio not satisfactory.

o Working capital turnover ratio is fluctuating year by year like in 2006-1.87%, 2007-2.47%, 2008-1.59%, 2009-1.46%, 2010-1.71% so it is not satisfactory.

o The debt ratio is frequently increased from 2006-08 like 0.30%, 0.36%, 0.45%, so it is not satisfactory.

o The debt equity ratio shows increased from 2006-10 like 0.44%, 0.58%, 0.82%, 0.65%, 0.48%.

o The debtors collection period is frequently increased from 2006-2010 so it is not satisfactory.

SUGGESTIONS:


The net profit ratio of the company is not satisfactory it is suggested that the company should increasing the sales.

The absolute quick ratio of the company is not satisfactory so it is suggested that the company should increasing the cash and bank balances and reduces the current liabilities.

The working capital turnover ratio of the company is not satisfactory it is suggested that the company should increasing the sales and as well as reducing the working capital.

Total debt ratio of the company frequently increasing so it is suggested that the company should reduce the debtors and as well as increase the net worth.

The debt equity ratio showing increase so better to concentrate on debt equity ratio.

Debtors collection period of the company is frequently increasing so it is suggested that the debtor’s collection period should be reduce.

CONCLUSION:

Working capital management is one of the imports of financial

management. In ensure proper liquidity to the organization to meet its short term

obligations. The goals of working capital management are to manage the firm’s


current assets and current liabilities in such a way that a satisfactory level of working

capital management is maintained. Working capital management includes planning

of working capital its financial management, management of cash, receivables

management.

BIBLIOGRAPHY:

Financial Management, I.M.Pandey.

Financial Management, M.Y. Khan and P.K.Jain: Text and Problems.


Financial Management,V.K.Bhalla, and Policy.

Pallava COMPANY ANNUAL REPORTS.

www.Granite industries.com

Balance Sheet of Pallava Granite Industries ------- in Rs. Cr. -----Mar '06 Mar '07 Mar '08 Mar '09 Mar '1012 mths 12 mths 12 mths 12 mths 12 mths

Sources Of Funds Total Share Capital 7.02 7.02 7.02 11.08 10.36 Equity Share Capital 7.02 7.02 7.02 11.08 10.36 Share Application Money 0.00 0.00 0.00 0.00 0.00 Preference Share Capital 0.00 0.00 0.00 0.00 0.00 Reserves 48.58 62.15 68.92 79.97 87.02 Revaluation Reserves 0.00 0.00 0.00 0.00 0.00


Net worth 55.60 69.17 75.94 91.05 97.38 Secured Loans 24.94 40.45 59.09 59.57 47.43 Unsecured Loans 0.00 0.00 3.43 0.00 0.00 Total Debt 24.94 40.45 62.52 59.57 47.43

Total Liabilities 80.54 109.62 138.46 150.62 144.81

Mar '06 Mar '07 Mar '08 Mar '09 Mar '1012 mths 12 mths 12 mths 12 mths 12 mths

Application Of Funds Gross Block 47.83 48.37 93.72 94.25 95.13 Less: Accum.Depreciation 13.33 15.62 18.77 22.99 27.22 Net Block 34.50 32.75 74.95 71.26 67.91 Capital Work in Progress 4.20 34.48 0.01 0.00 0.23 Investments 0.02 0.02 0.02 0.02 0.02 Inventories 20.11 30.90 39.95 48.97 50.24 Sundry Debtors 26.28 32.81 32.40 41.61 41.49 Cash and Bank Balance 0.40 3.80 0.78 0.37 0.71 Total Current Assets 46.79 67.51 73.13 90.95 92.44 Loans and Advances 6.41 9.03 8.11 6.60 9.06 Fixed Deposits 0.00 0.00 0.00 0.47 0.59

Total CA, Loans & Advances 53.20 76.54 81.24 98.02 102.09

Differed Credit 0.00 0.00 0.00 0.00 0.00 Current Liabilities 10.43 32.54 16.09 16.85 23.43 Provisions 1.23 1.89 1.66 1.83 2.02 Total CL & Provisions 11.66 34.43 17.75 18.68 25.45 Net Current Assets 41.54 42.11 63.49 79.34 76.64 Miscellaneous Expenses 0.27 0.27 0.00 0.00 0.00 Total Assets 80.53 109.63 138.47 150.62 144.80

Contingent Liabilities 18.36 21.50 18.11 19.41 13.12

Book Value (Rs) 79.21 98.53 108.17 82.15 93.99



Profit & Loss account of Pallava Granite Industries --- in Rs. Cr. ----Mar '06 Mar '07 Mar '08 Mar '09 Mar '1012 mths 12 mths 12 mths 12 mths 12 mths

Income Sales Turnover 78.19 104.52 102.14 117.10 132.10 Excise Duty 0.34 0.49 0.72 0.99 0.86 Net Sales 77.85 104.03 101.42 116.11 131.24 Other Income 0.67 0.15 -1.23 3.14 0.62 Stock Adjustments 2.41 1.86 15.89 3.35 1.15 Total Income 80.93 106.04 116.08 122.60 133.01 Expenditure Raw Materials 51.03 70.05 78.09 74.09 86.70 Power & Fuel Cost 4.42 4.81 6.59 6.96 7.50 Employee Cost 2.70 3.69 4.40 5.85 6.11 Other Manufacturing Expenses

2.67 3.09 3.94 4.57 4.21

Selling and Admin Expenses 6.37 3.48 3.63 4.92 4.92 Miscellaneous Expenses 0.60 0.57 0.69 0.76 0.73 Preoperative Exp Capitalized

0.00 0.00 0.00 0.00 0.00

Total Expenses 67.79 85.69 97.34 97.15 110.17

Mar '06 Mar '07 Mar '08 Mar '09 Mar '1012 mths 12 mths 12 mths 12 mths 12 mths

Operating Profit 12.47 20.20 19.97 22.31 22.22 PBDIT 13.14 20.35 18.74 25.45 22.84 Interest 2.37 2.90 3.61 6.93 4.67 PBDT 10.77 17.45 15.13 18.52 18.17 Depreciation 2.34 2.36 3.15 4.28 4.30 Other Written Off 0.00 0.00 0.00 0.00 0.00 Profit Before Tax 8.43 15.09 11.98 14.24 13.87 Extra-ordinary items -0.02 0.01 -0.03 -0.01 -0.01 PBT (Post Extra-ord Items) 8.41 15.10 11.95 14.23 13.86 Tax 0.48 -0.12 3.95 2.25 3.21 Reported Net Profit 7.94 15.21 8.00 11.98 10.64 Total Value Addition 16.76 15.65 19.25 23.05 23.46 Preference Dividend 0.00 0.00 0.00 0.00 0.00 Equity Dividend 1.05 1.40 1.05 1.11 1.04 Corporate Dividend Tax 0.15 0.24 0.18 0.19 0.18 Per share data (annualized) Shares in issue (lakhs) 70.20 70.20 70.20 110.84 103.61 Earnings Per Share (Rs) 11.31 21.66 11.40 10.81 10.27 Equity Dividend (%) 15.00 20.00 15.00 10.00 10.00 Book Value (Rs) 79.21 98.53 108.17 82.15 93.99