Fulford (India)

Consolidated Profit & Loss account

------------------- in Rs. Cr. --------------Mar '15

12 mths

Income
Net Sales
Stock Adjustments
Total Income
Less
Raw Materials
Power & Fuel Cost
Other Manufacturing Expenses
COGS
Gross Profit
Less
Employee Cost
Miscellaneous Expenses
Selling and Admin Expenses
Depreciation
OPEX
Operating Profit

217.07
19.37
236.44
136.67
0.44
0
137.11
99.33
43.25
64.72
0
0.6
108.57
-9.24

Other income
Other Income
Extra-ordinary items
Total
PBIT
Less
Interest
PBT
Less
Tax
Net Profit/ Loss

14.23
0
14.23
4.99
0.19
4.8
2.48
2.32

------------- in Rs. Cr. ------------------Mar '14

Dec '12
15 mths
12 mths

Dec '11
12 mths

Dec '10
12 mths

215.712
-5.352
210.36

215.02
-0.13
214.89

214.64
11.7
226.34

190.12
-3.6
186.52

102.952
0.48
0
103.432
106.928

118.82
0.33
0
119.15
95.74

122.54
0.3
1.33
124.17
102.17

94.67
0.34
1.39
96.4
90.12

40.4
70.248
0
1.52
112.168
-5.24

45.09
66.15
0
1.7
112.94
-17.2

40
67.1
0
1.7
108.8
-6.63

33.72
3.1
43.68
1.59
82.09
8.03

10.032
0
10.032
4.792

10
0
10
-7.2

9.73
0
9.73
3.1

8.74
1.57
10.31
18.34

0.76
4.032

0.04
-7.24

0.38
2.72

0.32
18.02

0.768
3.264

-2.26
-4.98

0.86
1.86

5.96
12.06

In crores
Mar '15
Equities and Liabilities
Shareholder's Funds
Reserves and Surplus

Non-Current Liabilities
Other long term liabilities
Long-term Provisions

Current Liabilities
Trade Payables
Other Current Liabilities
Short-term Provisions
Total
Assets
Non-Current Assets
Fixed Assets
Tangible Assets
Intangible Assets

Deferred Tax Assets (Net)

Long-term Loans and Advances
Other Non-Current Assets

Mar '14
3.90
145.92
149.82

3.90
144.31
148.21

0.00
5.17
5.17

0.00
4.99
4.99

22.18
8.43
5.33
35.93
190.93

46.52
4.91
3.04
54.46
207.67

0.62
0.00
0.62

1.19
0.00
1.19

6.20
33.72
1.05
41.59

4.68
27.30
0.90
34.06

55.96
20.21
65.73
5.45
1.99
149.34
190.93

35.80
3.18
129.39
2.72
2.51
173.60
207.67

Current Assets
Inventories
Trade Receivables
Cash and Bank Balances
Short-term Loans and Advances
Other Current Assets
Total

Dec '12

Dec '11

Dec '10

3.90
140.76
144.66

3.90
146.21
150.11

3.90
145.95
149.85

0.17
4.69
4.85

0.57
3.96
4.53

0
0
0

39.99
7.64
3.71
51.34
200.85

49.24
8.03
4.27
61.54
216.18

33.53
2.31
77.56
113.39
263.24

2.67
0.00
2.68

4.15
0.01
4.16

5.50
0.03
5.52

5.96
19.00
0.76
28.40

3.70
15.90
0.38
24.14

2.67
0.00
0.00
5.52

44.70
6.46
111.36
3.21
6.73
172.46
200.85

44.71
9.23
131.44
3.18
3.47
192.04
216.18

32.99
11.29
114.38
96
0
255.06
263.24

fulford CFS

Mar '15
cash flow from operating activities
net profit before tax

depreciation & amortization exp

interest income
profit on sale of disposal of FA
transfer of business
finance costs
unrealised exchange loss
trade & other recievables
inventories
trade and other payables
cash generated from operations

direct taxes paid

CFOA

4.78
0.6
-8.4
-0.0006
-4.3
0.18
0.00019
-20.63
-20.15
-18.1
-66.06
-9.56
-75.62

cash flow from investing activities

purchase of FA
sale of FA
investments in deposits with bank(>3 month maturity)
transfer of business
interest recieved
sale of current investments
CFIA

-0.029
0.0006
-0.087
4.3
8.89
0
13.08

cash flow from financing activities

interest paid
dividend paid
tax paid on dividend
CFFA
net cash
cash & CE opening balance
cash & CE closing balance

-0.18
-0.79
-0.13
-1.11
-63.65
129.32
65.67

in Rs. Cr.
Mar '14

Dec '12

Dec '11

Dec '10

54.3
1.52
-10.71
-0.0019
0
0.95
0.0011

-7.25
1.7
-8.78
-0.02
0
0.044
-2.14

2.7
1.7
-8.49
0.0056
0
0.066
2.23

17.39
1.59
-5.05
-0.028
0
0.29
0.12

8.56
8.9
2.8
17.44
-8.44
9

-0.81
0.013
-6.57
-23.82
-3.02
-26.84

7.67
-11.72
21.89
16.05
-4.87
11.18

-6.23
2.78
5.52
16.28
-10.27
6.01

-0.032
0.0022
-0.062
0
10.55
0
10.45

-0.22
0.021
0
0
8.93
0
8.73

-0.38
0.031
0
0
8.17
0
7.82

-1.55
0.042
0
0
4.485
15
17.96

-0.95
-3.97
-0.03
-1.41

0.044
-1.36
-0.22
-1.63

-0.066
-1.75
-0.29
-2.11

-0.29
-1.74
-0.3
-2.33

18.04

-19.74

16.9

21.63

111.29
129.32

131.05
111.29

114.16
131.05

92.75
114.37

2014

2013

2012

27.122
2878.9
2906.022

27.085
2496.093
2523.178

27.053
2158.655
2185.708

36.417
51.879
88.296

28.582
84.945
113.527

23.801
332.192
355.993

Current Liabilities
Short term liabilities
Trade Payables
Other Current Liabilities
Short-term provisions
Total Current Liabilities
Total Equity & Liabilities

353.316
562.682
223.634
95.642
1235.274
4229.592

308.849
426.203
442.705
71.076
1248.833
3885.538

222.089
270.499
64.414
70.358
627.36
3169.061

Assets
Non-Current
Tangible assets
Intangible assets
Capital work-in-progress
Intangible assets under development
Non Current investments
Long-term loans & advances
Other non-current assets
Total NCA

439.17
9.349
79.781
3.524
1409.242
670.523
8.39
2619.979

267.119
8.539
168.896
3.524
1294.332
922.801
180.916
2846.127

216.268
7.49
65.571
3.37
1083.269
955.203
101.831
2433.002

Current assets
Inventories
Trade receivables
Cash and bank balance
Short term loans & advances
Other CA
Total CA

210.426
1136.044
108.455
151.429
3.259
1609.613

190.151
485.098
167.786
66.935
129.441
1039.411

175.927
358.743
47.514
67.045
86.83
736.059

Equity
Share Capital
Reserves and Surplus
Total Equity
Non Current Liabilities
Deferred tax liabilities
Long Term Liabilities
Total NCL

2011

2010

27.027
1952.714
1979.741

26.984
1,742.811
1,769.795

22.93
277.693
300.623

32.7713
422.797
455.5683

797.383
175.861
100.799
19.8
1093.843
3374.207

136.958
203.618
191.041
19.582
551.199
2,776.562

216.02
178.8776
7.759
11.53
31.253
46.883
2.34
0
1041.247
992.9191
1540.146
1040.686
53.061
9.6727
2891.826 2280.5684

157.007
189.344
30.949
23.694
81.387
482.381

150.3976
330.0915
5.0772
10.428
0
495.9943

2014

2013

Operating Activities
PBT
Depreciation/Amortisation
Interest Expense
Interest Income
Income from investment dividends
Loss/(Profit) - Sale of Fixed Assets
Provision - Doubtful Advances written back
Provision - bad & doubtful debts
Provision - gratuity & leave encashment
Unrealised foreign exchange (gain)/loss
Adjustments for changes in working capital
Taxes Paid
CFOA

501.9240
30.2000
30.9780
-36.4910
-0.0140
0.2200
0.0000
1.2000
3.4260
110.5890
-450.6450
-77.1500
114.2370

379.9540
25.0410
43.6940
-45.5420
-50.9950
-0.0520
0.0000
0.0000
4.3430
43.0690
-47.0050
-67.5500
284.9570

Investing Activities
Purchase - Fixed Assets (Including CWIP)
Proceeds - sale of fixed assets
Investments in subsidiaries
Loans & advances to subsidiaries
(Increase)/Decrease in restricted cash
Purchase of Investments
Share application money paid
Interest received
Dividend received
CFIA

-111.3600
0.0000
-100.2990
403.7320
-0.3450
0.0000
-8.1250
32.9300
0.0140
216.5470

-171.5240
2.3170
-58.5470
-0.7030
-0.3240
0.0000
-14.8760
41.4240
50.9950
-151.2380

12.5010
-302.4250
1.7530
1.4690
0.0000
-34.7740
-63.1880
-384.6640
-53.8800

6.4860
-11.1870
196.8260
-101.3620
0.0000
-50.0560
-54.4780
-13.7710
119.9480

Financing Activities
Issue of share capital
Repayment - long term borrowing
Repayment - short term borrowing
Proceeds - working capital facilities
Redemption of FCBC
Interest paid
Dividend Paid
CFFA
Net Cash Decrease

2012

2011

0.2010

284.0970
21.1130
60.8690
-43.1370
-0.0070
0.4720
0.0000
0.0000
7.3990
-31.9060
-58.2390
-46.0080
194.6530

250.8100
20.9880
85.7500
-49.6680
0.0000
0.0370
0.0000
1.5000
4.2170
-27.5880
182.7200
-47.7040
421.0620

121.0138
21.2778
99.6645
-69.5061
-0.0075
0.9112
-0.0700
1.7500
3.4629
119.2324
721.7237
-36.2878
983.1649

-57.6770
1.7660
-42.0220
670.5650
-0.1080
0.0000
-12.3120
41.3090
0.0070
601.5280

-53.6280
1.5770
-48.3270
-633.8420
0.0000
0.0000
0.0000
79.6280
0.0000
-654.5920

-6.0737
6.4562
0.0000
-256.4114
0.0000
-754.2575
0.0000
64.7208
0.0075
-945.5581

3.5560
-110.8280
-559.9880
-38.8930
0.0000
-60.9640
-12.6080
-779.7250
16.4560

4.0860
-124.2870
548.8530
125.3590
-195.9480
-86.0790
-12.5820
259.4020
25.8720

41.4278
436.5679
-642.6451
-4.6447
-1.3328
-100.9833
-1.0267
-272.6369
-235.0301

Net sales
COGS
Stock Adjust
Gross Profit

2014

2013

2012

2011

2010

2300.9
-1037.4
5.23
1268.73

1949.3
-871.12
3.67
1081.85

1564.67
-698.22
12.86
879.31

1162.94
-511.21
-13.99
637.74

1029.56
-428.15
2.09
603.5

0
-25.04
-749.42
-774.46
307.39

0
-21.11
-568.34
-589.45
289.86

0
-20.99
-351.97
-372.96
264.78

-279.59
-21.28
-37.84
-338.71
264.79

-30.98
67.13
501.91

-43.69
116.25
379.95

-60.87
55.1
284.09

-85.75
71.75
250.78

-99.66
-44.11
121.02

-68.1
433.81

6.15
386.11

-18.8
265.3

-38.62
212.18

-7.45
128.46

Operating Expenses

S&AE
Depreciation
Miscellaneou
Total Operat
Operating In

0
-30.2
-772.77
-802.97
465.76

Other Gains and Expenses

Interest Expe
Other Income
EBT

Income Tax E
Net Income

2009-10

Operating Activities
PBT
Adjustments:
Depreciation/Amortisation
Interest Expense
Interest Income
Income from investment dividends
Loss/(Profit) - Sale of Fixed Assets/Investment (Net)
Provision bad/doubtful debt/Bad debt written of
Unrealised foreign exchange (gain)/loss (Net)
Adjustments for changes in working capital
Taxes Paid
CFOA

149
62
-5
12
-9
-113
-254
-153
442

Investing Activities
Purchase - Fixed Assets
Proceeds- Current investments
Capital WIP & advances
Proceeds - sale of fixed assets & intangibles
Proceeds - sale of subsidiaries/joint ventures
Investments in short term deposits
Purchase of non current investments in subsidiaries
Loans to joint ventures/subsidiariess
Share application money paid
Interest received
Dividend received
CFIA

-420
20
-3
-6
10
-399

Financing Activities
Issue of share capital
Repayment - long term borrowing
Repayment - short term borrowing
Repaymenyt of FCCBs
Proceeds from issuance of share capital
Proceeds from long-term borrowings
Proceeds - working capital facilities
Redemption of FCBC
Other short term borrowings (Net)
Interest paid
Dividend & dividend taxes Paid
CFFA

5
-129
-6
135
-64
-29
-88

752

Foreign currency translation adjustments

Net Cash Increase/Decrease
Cash and cash equivalents at the beginning of the year
On Amalgamation/disposal
Cash and cash equivalents at the end of the year

2
-441
103
1
-337

2010-11

2011-12

2012-13

2013-14

834
0
125
37
-5
0
20
-20
-485
-192
335

182
0
143
73
-7
0
7
92
-116
-41
326

563
0
171
99
-4
-2
69
41
-197
-116
625

1519
0
186
77
-6

-717
8
84
24
-1
3
0
-599

-571
5
-1
-1
5
0
-563

-166
23
2
-3
-137
-6
-12
3
0
-295

454
-10
1
-90
144
-45
-47
407

1106
-621
-291
-320
353
-76
-34
119

-352
1
160
127
-98
-67
-229

2
65
91
-1268
-339
328

-149

10
3
-249
-21
4
0
-401

-7

3
0

101
-70
-60
-31

0
143
45
-4
184

0
-118
184
0
66

0
101
14
0
115

0
-39
115
0
76

2009-2010 2010-2011 2011-2012 2012-2013

3320
4230
4379
5570

Gross sales
less
Net excise du
Sales comissi
Rebates and d

Net sales
Cost of goods sold
Cost of mater
Purchase of t
Changes in wo
Chemicals co
Consumption o
Conversion ch
Power and fue
Carriage inwa
Repairs and
i. Plant and m
ii. Buildings
iii. Others
Factory main
Rates and tax
Changes in ex
Total
Gross profit
Operating expenses
Selling expen
Employee ben
General and a
Depreciation
Carriage outw
Rent
Effluent trea
Legal and pro
Directors sitt
Remuneration
Travelling an
Vehicle main
Analytical ch
Printing and s
Postage, tele
Registration a
Insurance

67
29
5
3218

97
27
4
4103

97
28
4
4249

144
32
2
5392

1878
19
-147
49
39
16
135
25
0
20
9
2
7
3
0
2055
1163

2329
9
-136
69
55
19
185
27
0
31
22
4
10
4
3
2628
1475

2393
36
90
80
64
23
226
26
0
34
16
3
15
8
-3
3010
1239

3054
78
-121
80
61
31
316
32
0
40
18
3
13
7
0
3612
1780

4
233
0
95
83
2
4
25
0
1
6
0
7
6
4
3
9

8
304
0
125
78
2
4
27
0
1
7
0
25
8
4
3
10

11
364
0
143
97
2
4
27
0
1
10
0
34
9
3
4
10

21
431
0
171
114
2
6
27
0
1
9
0
36
8
4
26
13

Provision for
Bad debts writ
Miscellaneou
Total operati
Operating profit
Non-operating income
Interest inco
Other income
Total
Non-operating expenses
Loss on sale o
Loss on curre
Provision for
Exceptional i
Donations
Total
Profit before interest and t
Interest expenses
Finance costs
Profit before taxes
Tax expenses
Current tax
MAT credit
Deferred tax
Tax relating t
total tax exp
Net profit

0
6
20
508
655

0
3
23
632
843

9
3
27
760
479

0
18
33
921
859

0
108
108

0
52
52

7
12
19

4
22
27

0
0
0
-2
1
-1
765

0
0
11
29
0
39
856

0
21
27
320
0
369
130

3
0
69
0
0
72
813

52
712

50
805

268
-138

250
563

167
0
17
2
187
526

184
0
27
1
212
594

5
0
-118
18
-95
-43

127
-127
64
3
67
496

2013-2014
7270
159
42
2
7066
3422
97
-36
94
76
40
336
40
0
37
18
2
16
10
0
4151
2915
15
514
0
186
154
4
9
23
0
1
11
0
50
10
4
60
13

0
0
39
1094
1821
6
69
75
2
0
84
0
1
87
1808
289
1519
335
-125
137
0
347
1172

ASSETS
NON-CURRENT ASSETS
Fixed assets
Tangible assets
Intangible asse
Tangible assets
Total
Non-current investments
Long-term loans & advances
Trade receivables
Other non-current assets
Total
CURRENT ASSETS
Current investments
Inventories
Trade receivables
Cash and bank balances
Short term loans and advances
Other current assets
Total
TOTAL ASSETS
EQUITIES & LIABILITIES
SHAREHOLDERS' FUNDS
Share Capital
Reserves and surplus
Total
NON-CURRENT LIABILITIES
Long-term borrowings
Deferred tax liabilities (Net)
Long-term provisions
Total
debt to equity ratio
CURRENT LIABILITIES
Short-term borrowings
Trade payables
Other current liabilities
Short-term provisions
Total

total liabilities
Liability to equity ratio
TOTAL (LIABILTIES + EQUITY)

2009-2010

2010-2011

2011-2012

2012-2013

2013-2014

1711
0
570
2281
0
0
0
4
2285

1350
0
583
1933
493
174
0
0
2599

1627
0
558
2185
610
178
0
0
2974

2012
0
166
2178
708
289
0
19
3194

1938
0
204
2142
873
464
0
16
3494

0
1102
956
73
371
3
2506
4791

0
1261
1481
122
375
3
3242
5841

19
1219
1426
14
262
77
3017
5991

0
1432
1731
115
276
78
3631
6825

0
1712
2970
10
315
75
5081
8576

28
1887
1915

29
2541
2570

29
2464
2493

29
2910
2939

29
3983
4012

729
95
0
824
0.3806

475
122
3
600
0.1848

834
4
4
842
0.3344

1041
68
9
1118
0.3542

1032
205
8
1246
0.2573

1216
609
196
31
2052

1221
733
663
54
2672

1608
585
406
58
2656

1734
901
68
65
2768

1783
1236
192
106
3317

2876
1.5017
4791

3272
1.2732
5841

3498
1.4030
5991

3885
1.3220
6825

4563
1.1373
8576