Copy of Summary 2

7/28/2019 Copy of Summary 2

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@ Quaterly - JK Tyre & Industries Ltd:.

Dec'12 Sep'12 Jun'12 Mar'12 Dec'11INCOME:

Net Sales Turnover 1,281.49 1,321.96 1,443.26 1,523.55 1,422.94

Other Income 3.00 3.45 3.04 1.10 0.15Total Income 1,284.49 1,325.41 1,446.30 1,524.65 1,423.09EXPENSESStock Adjustments -49.42 -132.16 -65.73 155.62 -19.26Raw Material Consumed 944.57 1,062.77 1,099.09 960.82 1,068.83Power and Fuel 0.00 0.00 0.00 0.00 0.00Employee Expenses 80.36 83.18 78.75 74.88 77.91Administration and Selling Expenses 0.00 0.00 0.00 0.00 0.00Research and DevelopmentExpenses 0.00 0.00 0.00 0.00 0.00

Expenses Capitalised 0.00 0.00 0.00 0.00 0.00Other Expenses 188.39 200.54 205.28 214.37 222.98Provisions Made 0.00 0.00 0.00 0.00 0.00TOTAL EXPENSES 1,163.90 1,214.33 1,317.39 1,405.69 1,350.46

Operating Profit 117.59 107.63 125.87 117.86 72.48EBITDA 120.59 111.08 128.91 118.96 72.63

Depreciation 26.83 26.63 26.33 26.09 26.17EBIT 93.76 84.45 102.58 92.87 46.46

Interest 53.04 48.04 46.47 47.31 45.18EBT 40.72 36.41 56.11 45.56 1.28

Taxes 8.91 11.24 11.37 40.38 -15.59Profit and Loss for the Year 31.81 25.17 44.74 5.18 16.87

Extraordinary Items 0.00 0.00 0.00 0.00 0.00Prior Year Adjustment 0.00 0.00 0.00 0.00 0.00

Other Adjustments 0.00 0.00 0.00 0.00 0.00Reported PAT 21.14 25.99 24.71 86.34 -21.31KEY ITEMSReserves Written Back 0.00 0.00 0.00 0.00 0.00Equity capital 41.06 41.06 41.06 41.06 41.06Reserves and Surplus 0.00 0.00 0.00 0.00 0.00Equity Dividend Rate 0.00 0.00 0.00 0.00 0.00Agg. Non-Promoter Shares(lacks) 216.20 216.20 216.20 216.20 216.20Agg. Non-Promoter Holding (%) 52.66 52.66 52.66 52.65 52.66Government Share 0.00 0.00 0.00 0.00 0.00Capital Adequacy Ratio 0.00 0.00 0.00 0.00 0.00EPS (Rs.) 5.15 6.33 6.02 21.03 -5.19

@ SHARE HOLDING PATTERN:

Shareholding pattern - JK Tyre & Industries Ltd.

Holder's Name No of Shares % Share HoldingPromoters 19439481 47.34%GeneralPublic 6436324 15.68%OtherCompanies 3513035 8.56%


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ForeignOcb 3487500 8.49%ForeignInstitutions 3335403 8.12%FinancialInstitutions 1944168 4.74%ForeignNRI 1693138 4.12%

NBanksMutualFunds 877562 2.14%

CentralGovt 285520 0.70%Others 42979 0.10%Directors 4236 0.01

@ Director Report:

Mar2011 Mar 2012The Directors have pleasure in presenting the Annual Report and AuditedAccounts of the Company for the year ended 31st March 2012.OPERATIONS

Turnover for the year under review was at all time high of Rs. 6,152Crores recording an increase of 17% over the previous year. OperatingProfit for the year was Rs. 283 Crores and Profit Before Tax was Rs. 13Crores.

The Company along with its wholly owned subsidiary JK Tornel achieved aturnover of Rs. 7,456 Crores during the year.

The year began on a promising note with robust sale of automotivesacross various segments. Economy was expected to grow at 9%. However,in order to contain inflation, monetary policy was tightened, duringthe year, resulting in steep increase in interest rates. The automotivesector was adversely affected and passenger car segment grew by merely2.7%. Consequently demand for tyres slowed down.

During the year, operations were disrupted at Mysore Plant II andBanmore Plant for 45 days and 60 days respectively, pursuant to go slowresorted to by a section of workmen at these locations. This illegal

partial stoppage of work resulted in loss of production and profit tothe Company.

Second half of the year witnessed severe volatility in foreign exchangerate movement, thus substantially impacting the cost of imported rawmaterials. All round cost push on the one hand and slow down in the
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automotive sales on the other, affected profitability.

The Company continued its relentless drive towards improving operating parameters, cost cutting, enrichment of product mix and enlargingmarket network. This helped contain the impact of these factors to someextent.

DIVIDEND

Your Directors are pleased to recommend dividend of Rs. 2.50 per EquityShare of Rs. 10 each (25%) on the Equity Share Capital of Rs.41.06Crores. The Dividend outgo will be Rs.11.93 Crores (inclusive of dividend tax of Rs. 1.67 Crores).

APPROPRIATIONS

The amount available for appropriation, including surplus from previousyear and debenture redemption reserve no longer required is Rs. 60.45Crores. The Directors propose this to be appropriated as under:

(Rs. Crores)

General Reserve 10.00

Dividend 10.26

Corporate Dividend Tax 1.67

Surplus carried to Balance Sheet 38.52

60.45

EXPANSION PROJECTS

Several expansion projects launched in the earlier years went on streamduring the year:

Truck Radials

Expansion at Mysore for further enhancing the capacity to 10 lac tyres


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p.a. was completed.

Chennai Project

The new green site all radial plant at Chennai went on stream towardsthe end of the year. This facility with a capacity of 25 lac Car radials p.a. and 2 lac Truck/ Bus radials p.a., will strengthen our market presence significantly in the year ahead. The coming financialyear shall have the benefit of enhanced production from this Plant.

Another expansion of Chennai Tyre Plant by 2 lac Truck/Bus radials p.a.has been undertaken, which is expected to go on stream during thecurrent year.

With the completion of the above projects, the turnover of the Companyis expected to increase significantly in the current year, cementing JK Tyre''s leadership in Radials.

Plans have been drawn for further enhancing capacity of Chennai TyrePlant, both for Passenger Car Radial & Truck Radial tyres.

JK TYRE-MOVING AHEAD

Inspite of difficult and challenging year for the Tyre Industry, JK Tyre continued to march ahead driven by continued zest for growth;

- Turnover from Indian Operations at Rs. 6,152 Crores grew by 17% andconsolidated Turnover including JK Tornel, Mexico at Rs. 7,456 Crores -up 16%,

- Total exports from India and Mexico crossed Rs. 1,000 Crores, anincrease of 35% over previous year.

- JK Tyre maintained its leadership position as India''s No.l in Truck and Bus Radial tyre manufacturer. 27% of Company''s production inTruck/Bus tyre category is already radialised. This position will befurther strengthened with the commissioning of its new capacities atMysore and at the new all radials Chennai plant,

- A number of new size of Ultra Large OTR tyres were introduced, for


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various dumpers and loaders. Their performance have been applauded bythe users.

- Once again "JK Tyre" has been selected as a "Super Brand" andcontinues to be India''s first and only Tyre Super Brand.

- JK Tyre partnered in the first ever Formula 1 championship held inIndia. It has acquired the rights of renowned world series ''Formula BMWPacific''which is now known as "JK Racing Asia Series" with the

participating cars racing on speclaiy made UK Tyres''. The race was runalong with the First ever Formula 1 championship held In India.

TRUCK/BUS RADIALISATION

It Is Indeed heartening to note that radialization of truck/bus segmentIs now catching up fast with current radialization being at 19%, whichIs expected to Increase significantly to 35% In the next couple of years.

Your Company envisioned this much earlier, built capacities andcontinues to be the Truck/Bus Radials'' leader In India. Already 27% of the Truck/Bus tyre production at JK Tyres Is that of Radlals.

JK TREAD

Doubling of capacity of retread material was completed during the year,as planned. The Company markets Its retreading services under the brandUK Tread''. The network of franchises has been expanded across thecountry, which offer end-to-end solutions to customers for retreading,

both Blas as well as Radial truck/bus tyres.

EXPORTS

Your Company exports Its products to over 80 countries across the sixcontinents, offering its wide range of products. During the year, your Company''s export registered an increase of 41% with exports at Rs. 590Crores,

In addition to exports from India It also exports tyres from JK Tomel,which amounted to Rs. 428 Crores, thus the total exports were at Rs.


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1,018 Crores.

JKTORNEL

JK Tomel, Mexico, recorded a Sales of 3447 Mn Pesos [Rs. 1,304 Crores)a growth of 13% over previous year. JK Tornel continues to Improve Itsoperations In several areas. There was significant Increase In the

production of Passenger Car Radials. Plans have been drawn to expandPassenger Car Radials capacity to meet the growing demand In thissegment, JK Tornel has entered for the first time In the highlycompetitive and prestigious Passenger Car Radial OE segment for supplyof tyres to Chrysler and Nissan after a rigorous OEM approval procedure.

Slow recovery in the American markets as well as Increased costs &

foreign exchange rate volatility faced during the year was a challengefor JK Tornel.

JK Tornel enhanced its exports to North and South American markets, italso exports tyres In "JKTYRE" brand in addition to its range of "TORNEL" branded tyres.

R&D AND TECHNOLOGY

Technology and R&D has been the key driving force at JK Tyre. Your Company''s vision to deliver world class products to the changing needsof the customer has enabled team JK Tyre to continuously deliver newer and newer innovative products.

Your Company''s technology leadership is derived from Its In-house R&DCentres, multidisciplinary collaborative research work with premier institutions of R&D including HASETRI and raw material suppliers In thefield of highly complex materials, predictive technology, tyrecharacteristics, testing and other allied areas

Various projects have been Initiated for reduction of cycletimeinalloperations, optimization of components In the tyres and standardizationof materials and processes. New technological approaches and computingcapabilities using mathematical methods to simulate the tyre behaviour in traction, breaking and cornering have been developed.


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JK Tyre is also continuously improving productivity and quality inmanufacturing processes like mixing, extrusion, calendaring, buildingand curing. Furthermore, innovative initiatives are being taken for substituting materials as well as using eco friendly raw material inmanufacturing.

VALUE ADDED SERVICES TO CUSTOMERS

JK Tyre continues to drive the Radial Revolution in India. Providingvalue to customers has always been JK Tyre''s forte and towards thisend, your Company has made significant investments. The Company servesits customers through "JK Truck Radial Tyre Care Centres" located alongmajor National Highways in the country which operate 365 days/24hours, for repair & service of tyres. The Company also runs a unique

Fleet Management Program which has enabled major fleets to optimiseoperating costs through tyre care provided by dedicated JK Tyre serviceteams.

Taking these initiatives further, JK Tyre has launched "TRUCK WHEELS"anew concept for providing "Total Tyre Solutions" for Truck/Bus tyres.Several such centres have been established, which enable truckers toavail of services like repair, retread, wheel alignment & balancing andother allied services like nitrogen air care which enhances tyre life.

Your Company has been operating several one-stop passenger radialretail and tyre care outlets "JK Tyre Steel Wheels" across the countryfor last several years. These 130 outlets provide to the customers,value added services like computerized wheel alignment, balancing andautomated tyre changing, air care etc., in addition to offering widerange of JK Tyre, under one roof.

MOTORSPORTS

The year 2011 was a remarkable one for Indian Motorsport and for JK Tyre, in particular. The highest echelon of motorsport-Formula 1 wassuccessfully hosted in India. It was a proud moment for your Company to

be a part of the biggest motorsport extravaganza and to join the mostcoveted club of top brands of the world.


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During the year, the Company acquired the Formula BMW Series andrechristened it as the JK Racing Asia Series (JKRAS). With thisacquisition, JK Tyre created history in Indian Motorsport by becomingthe first Indian company to acquire an FIA accredited series.

At the 2011 inaugural season, the JKRAS was a support race at theFormula One Grand Prix in Malaysia, Singapore and India, providingexposure to the young racing talents to prove their mettle in front of motorsports fraternity.

These races had a very large viewership across the globe, providing JK Tyre an excellent platform for reinforcing its presence in theMotorsports which added significant value to JK Tyre brand.

AWARDS

During the year, your Company received several coveted awards. Tomention a few, the Company received GOLDEN PEACOCK AWARD for "ENVIRONMENT MANAGEMENT", Asia''s best Employer BrandingAwards 2011 for "TALENT MANAGEMENT" and Greentech Environment Award -"CATEGORY GOLD".JK Tyre has been selected as a Super Brand once again and continues to

be India''s first and only Tyre Super brand. JK Tyre has also beenrecognized as an Indian Power brand. It is heartening to note that Dr.Raghupati Singhania, Vice Chairman & Managing Director of the Companyreceived "CORPORATE ICON OF THE YEAR AWARD" by IIPMPOWER BRAND.

CONSERVATION OF ENERGY ETC.

The details as required under the Companies (Disclosure of Particularsin the Report of Board of Directors) Rules 1988 are annexed, Annexure

-1.

DIRECTORS

Shri Swaroop Chand Sethi and Shri Arvind Singh Mewar retire by rotationand being eligible offer themselves for re-appointment at the AnnualGeneral Meeting.


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The Board of Directors appointed Shri Vimal Bhandari and Shri AshwaniKumar Puri, as Additional Directors pursuant to Section 260 of theCompanies Act, 1956 with effect from 29th July 2011. Shri Puri hassince resigned and has ceased to be a Director. In terms of the saidSection, Shri Bhandari will hold office as Director upto the date of the ensuing Annual General Meeting, The Company has received a noticein writing from a member proposing candidature of Shri Bhandari for

being appointed as a Director, liable to retire by rotation. The Boardrecommends appointment of Shri Bhandari as a Director.

Nomination of Shri Ashok U. Katra has been withdrawn by IDBI Bank Ltd.from the Board of the Company with effect from 10th May 2012.

The Board records its deep appreciation for the valuable servicesrendered by Shri Katra and Shri Puri during their respective tenures of office.

SUBSIDIARY COMPANIES

The particulars required under the provisions of the Companies Act,1956 in respect of the subsidiary companies are appended.

The statement pursuant to Section 212 of the Companies Act, 1956 readwith General Circular No, 51/12/2007-CL-lll dated 8th February, 2011 of the Ministry of Corporate Affairs, containing the details of theCompany''s subsidiaries is attached,

In terms of the said Circular dated 8th February 2011 and the Companyhaving satisfied the conditions stipulated therein, copies of theBalance Sheet, Profit & Loss Account, Reports of the Board and theAuditors of all the subsidiary companies have not been attached to theBalance Sheet of the Company. However, the annual accounts of the

subsidiary companies and the related detailed information will be madeavailable to the members of the Company and of the subsidiary companiesseeking such information at any point of time. The annual accounts of the subsidiary companies are also available for inspection by anymember at the Head Office of the Company and that of the subsidiarycompanies concerned.


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AUDITORS

M/s Lodha & Co., Chartered Accountants, Auditors of the Company, retireand are eligible for re-appointment. The observations of the AuditorsIn their report on Accounts read with the relevant notes are self explanatory,

COST AUDIT

The Cost Audit for the financial year ended 31st March 2011 wasconducted by M/s R.J. Goel & Co., Cost Accountants, Delhi and asrequired Cost Audit report was duly filed with Ministry of CorporateAffairs, Government of India. The Audit of the Cost Accounts of theCompany for the year ended 31st March 2012 is being conducted by the

said firm and the Report will also be filed.

PARTICULARS OF EMPLOYEES

Information In accordance with the provisions of Section 217(2A) of theCompanies Act 1956 read with the Companies (Particulars of Employees)Rules 1975 as amended regarding employees Is annexed to this Report.However, as per the provisions of Section 219(l)(b)(iv) of theCompanies Act, 1956, the Report and Accounts are being sent to all themembers of the Company and others entitled thereto, excluding theaforesaid Information. Any member Interested In obtaining such

particulars may write to the Company Secretary at the registered officeof the Company,

CORPORATE GOVERNANCE

Your Company reaffirms its commitment to the highest standards of corporate governance practices, Pursuant to Clause 49 of the ListingAgreement with the Stock Exchanges, a Management Discussion and

Analysis, Corporate Governance Report and Auditors Certificateregarding compliance of conditions of Corporate Governance are made a

part of this Annual Report.

DIRECTORS'' RESPONSIBILITY STATEMENT

As required under Section 217 (2AA) of the Companies Act 1956, your


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Directors state that :-

I) In the preparation of annual accounts, the applicable accountingstandards have been followed along with proper explanation relating tomaterial departures;

II) the accounting policies have been selected and applied consistentlyand judgments and estimates made are reasonable and prudent so as togive a true and fair view of the state of affairs of the Company at theend of the financial year and of the profit or loss of the Company for that period;

III) proper and sufficient care has been taken for maintenance of adequate accounting records in accordance with the provisions of the

said Act for safeguarding the assets of the Company and for preventingand detecting fraud and other Irregularities; and

\

@ Company History - JK Tyre & Industries:

YEAR EVENTS 1951 - The company was incorporated as a private limited company inWest Bengal in 14th February, 1951. Until 31st March 1970, the company was engaged

in the managing agency business. Thereafter, the company decided to undertakemanufacturing activities and obtained a letter of intent in February 1972 for themanufacture of automobile tyres and tubes.

- The letter of intent was converted into an industrial licence in February 1974 for themanufacture of 4 lakh nos. each automobile tyre and tubes per annum. The company wasconverted into a public limited company on 1st April 1974. The manufacturing projectwas promoted by Straw Products Ltd and J.K. Synthetics Ltd.

- The company entered into technical collaboration with General Tire International Co.,U.S.A., (a subsidiary of General Tire & Rubber Co., U.S.A.) for technical services for a

period of 5 years and sales agreement for the supply of technical know-how, engineeringand documentation for operational facilities (for a period of 8 years from 23.8.73).

- Under the collaboration agreement, the Company has the right to use on its products thewording "Made in collaboration with General Tire International Co., USA".

1982 - The company's technical collaboration agreement with General Tire InternationalCo., was renewed for a further period of 5 years.


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1987 - The overall working resulted in substantial profits despite a 51-days strike as wellas go-slow from 14th October. The strike had since then been resolved and amicablesettlement was reached. Efforts were on to launch a new pattern in steel belted radialtyres.

1988 - New steel radial tyres for Maruti Gypsy and Tata mobile were introduced. TheCompany proposed to incur an expenditure of Rs 300 lakhs for installationof latest andsophisticated R&D equipment.

1989 - Several new patterns and sizes of tyres were introduced including a semi-lug Nylon Truck tyre, all of which were well received in the market. 1991 - HandeepInvestment, Ltd., Hidrive Finance Ltd., Panchanan Investment Ltd., and Radial FinanceLtd., J. K. International Ltd., Shivdham Properties Ltd., and J.K. Asia Pacific, Ltd., aresubsidiaries of the Company.

1992 - The J.K. International division expanded its activities by opening its office inMoscow besides starting Company's subsidiaries in U.K. & Honkong. The radial tyres for tractors and business launched in the previous year were well received.

1993 - New radial tyres `Brute' and Ùltima' were introduced. The Company was in the process of developing steel belted radial tyres for the prestigious cars in the MercedesBenz, Peugeot, Daewoo race and Opel Astra. A new pattern developed for bus and trucks`PE-T8' was well received in the market.

1994 - The company maintained its pace of growth, despite steep rise in raw material andinput costs and competition. The Company effected an all round cost reduction andattained higher capacity utilisation at both the tyre plants at Jaykaygram and Banmore.

- The T-rated Ultima tyres launched for new generation cars found its acceptance inDCM Daewoo's `Ceilo'. Also J.K. Steel radial was chosen for Mercedes Benz India.

- The Company undertook to develop steel radials for GM's Àstra'. PAL's `Peugekot'FIAT's, ÙNO' and M & M's `Ford'.

- The Company launched a premium truck tyre `Jet Trak' - 39 which was introduced tomeet the need sof the heavy load market. The new tractor rear tyre `SONA' was wellreceived in the market.

1996 - During this period, a new Car tyre "Jet Drive XS", the widest nylon car tyre for Maruti 800 was launched. Along with new semi-lug and heavy duty lug tyre for trucks, anew lug tyre for super heavy load applications "Jet Trak 39" was also introduced. In theRadial category, "Ultima XR Radial", a terrain tyre was introduced. All these productswere well received in the market.

- Both the tyre plants operated to full capacity. In line with JK tyre, the radials unit


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introduced, the dual contact high traction and high performance Aquasonic steel radialcar tyre. The unit also developed India's first and only H-rated ultima Xs' specially for Mercides - Benz Cars.

2000 - The Company proposes to reduce its debt by Rs 125 crore in the current fiscal

from the current level of Rs 635 crore by way of loan repayment.

- The Company and Indian Oil Corporation have entered into a marketing alliance for installing digital air pressure guages and setting up sales and services outlets at IOC

petrol stations throughtout the country.

2001 - Raghupati Singhania managing director of J K Industries has been appointed the19th Chairman of Automative Tyre Manufacturers Association, the representative bodyof tyre industry in India.

2002- J.K.Industries Ltd has informed BSE that CRISIL has assigned a P1+ rating to the

Commercial Paper programme of the company.2003

- J.K. Industries Ltd (JKI) has a new Marketing Director in Mr Ajay Kapila. Before joining JKI, Mr Kapila was Senior Vice-President (Sales and Marketing) at KineticEngineering Ltd. He was also Director on board and operational head of Kinetic's directselling arm - Kinetic Marketing Services Ltd.

-Completes its comprehensive restructuring exercise of businesses that leads to itsemergence as a pure automotive tyre company. Along with the de-merger of its non-tyre

business, Sugar and Agri Seeds, into separate companies namely JK Sugar Ltd and JK Agri-Genetics Ltd, JKI also completes the merger of Vikrant Tyres Ltd with itself

-J.K.Industries delists from Jaipur Stock Exchange

-divested its wholly-owned subsidiay called J.K. Drugs and Pharmaceuticals Ltd toTEVA Pharmaceuticals of Israel.

2004

-JK Industries Ltd has informed that its securities are delisted from Delhi Stock ExchangeAssociation Ltd (DSE) w.e.f. January 29, 2004.

2007

- JK Industries Ltd has informed that the name of the Company has been changed from "JK Industries Ltd" to "JK Tyre & Industries Ltd" w.e.f. April 02, 2007.

- Company name has been changed from JK Industries Ltd to JK Tyre & Industries Ltd.


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2008

-The company has issued rights in the ratio of 1:3 at a premium of Rs.75 Per Share.

@ Balance Sheet ( Standalone ):

(Rs. in Crores) Standalone |

Consolidated

Particulars Mar-12 Mar-11 Mar-10 Mar-09 Sep-07 Sep-06SOURCES OF FUNDS :673.66652.36534.77503.13560.93S

hare Capital 41.06 41.06 41.06 41.06 30.79 30.79

Total Shareholders Funds629.54Reserves Total 670.60 714.72 693.42 575.83 533.92 591.72

Secured Loans 1,396.69 692.77 433.33 850.31 686.82 724.77

Unsecured Loans 382.08 622.22 426.85 251.49 228.13 219.10

Total Debt 1,778.771,314.9

9 860.181,101.8

0 914.95 943.87

Total Liabilities 2,449.37 2,029.71 1,553.60 1,677.63 1,448.87 1,535.59APPLICATION OF FUNDS :1,321.021,209.131,101.50957.2786

0.03Gross Block 2,781.9

52,737.3

32,561.9

02,270.3

82,156.0

72,084.2

2Less:Impairment of Assets1,338.76Less : Accumulated Depreciation 0.00 0.00 0.00 0.00 0.00 0.00

Net Block 1,443.191,416.3

11,352.7

71,168.8

81,198.8

01,224.1

9Lease Adjustment 0.00 0.00 0.00 0.00 0.00 0.00Capital Work in Progress 749.20 192.14 132.02 240.19 20.34 22.51

Investments 100.89 93.56 90.24 89.75 62.60 61.46Current Assets, Loans & Advances708.05487.60442.47435.52477.89I

nventories 661.54 688.60 459.70 414.45 502.85 368.59

Cash and Bank867.36Sundry Debtors 78.42 85.11 63.27 41.99 29.22 39.32

Loans and Advances 353.41 216.73 202.10 196.39 136.58 127.72Total Current Assets 1,960.7 1,698.4 1,212.6 1,095.3 1,104.1 1,013.5
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3 9 7 0 7 2Less : Current Liabilities and Provisions

98.50107.0659.7735.9030.52Current Liabilities

1,282.23 938.35 987.94 750.26 804.04 766.34

Total Current Liabilities95.84

Provisions

1,378.0

7

1,036.8

5

1,095.0

0810.03 839.94 796.86

Net Current Assets 582.66 661.64 117.67 285.27 264.23 216.66Miscellaneous Expenses notwritten off 0.00 0.00 0.00 5.21 8.22 9.16

11.3910.4721.1522.4116.42Deferred Tax AssetsDeferred Tax Liability42.63 190.19 156.25 149.57 132.82 127.73 14.81

Net Deferred Tax -147.56 -144.86 -139.10 -111.67 -105.32 1.61

Total Assets 2,728.382,218.7

91,553.6

01,677.6

31,448.8

71,535.5

9Contingent Liabilities 54.28 51.29 51.49 68.05 61.83 87.84

@ Balance Sheet ( Consolidated )

(Rs. in Crores) Standalone |

Consolidated

Particulars Mar-12 Mar-11 Mar-10 Mar-09 Sep-07 Sep-06SOURCES OF FUNDS :817.28808.90650.58513.26568.57S

hare Capital 41.06 41.06 41.06 41.06 30.79 30.79

Total Shareholders Funds714.26Reserves Total 755.32 858.34 849.96 691.64 544.05 599.36

Minority Interest 0.00 0.00 0.00 0.00 0.00 0.001,043.97713.451,107.14686.84724.78Secured Loans

Unsecured Loans 1,805.02 336.91 566.78 445.45 275.28 228.13 219.10

Total Debt 2,141.93 1,610.75 1,158.90 1,382.42 914.97 943.88

Total Liabilities 2,897.252,469.0

92,008.8

62,074.0

61,459.0

21,543.2

4APPLICATION OF FUNDS :1,521.971,368.551,228.44957.2786

0.03Gross Block 3,461.7

73,377.4

53,132.5

02,840.4

52,156.0

72,084.2

2Less: Impairment of 0.00 0.00 0.00 0.00 0.00 0.00
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Assets1,592.21Less: Accumulated Depreciation

Net Block 1,869.561,855.4

81,763.9

51,612.0

11,198.8

01,224.1

90.000.000.000.000.00Lease Adjustment

Capital Work in Progress0.00 765.15 200.02 188.19 290.54 20.34 22.51Investments 100.69 87.13 80.45 75.89 71.40 67.58Current Assets, Loans & Advances822.80627.74548.85435.52477.89I

nventories 781.85 817.57 555.74 483.75 502.85 368.59

Cash and Bank1,008.54Sundry Debtors 104.93 114.64 90.99 51.34 30.03 40.21

Loans and Advances 435.34 283.46 245.91 249.63 137.15 128.39

Total Current Assets 2,330.662,038.4

71,520.3

81,333.5

71,105.5

51,015.0

8Less : Current Liabilities and Provisions

122.08166.56104.3535.9030.52Cur rent Liabilities 1,577.67 1,215.49 1,238.45 1,026.81 804.07 766.37Total Current Liabilities124.25Provisions

1,701.92

1,337.57

1,405.01

1,131.16 839.97 796.89

700.90115.37202.41265.58218.19Net Current AssetsMiscellaneous Expenses notwritten off 628.74 0.00 0.00 0.00 5.21 8.22 9.16

Deferred Tax Assets 42.63 11.39 10.47 21.15 22.41 16.42Deferred Tax Liability 190.19 156.25 149.57 133.15 127.73 14.81

Net Deferred Tax -147.56 -144.86 -139.10 -112.00 -105.32 1.61

Total Assets 3,216.582,698.6

72,008.8

62,074.0

61,459.0

21,543.2

4Contingent Liabilities 61.40 59.46 54.37 69.82 61.83 87.84

Documents

Copy of Summary 2