 |
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| investors
> financials |
 |
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|
 |
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|
 |
| |
Rs.
in crore
|
|
|
|
Previous
year
|
|
Schedule
IA
|
|
SHARE
CAPITAL |
|
|
|
Authorised:
130,000,000 equity shares of Rs.10 each
|
130.00
|
130.00
|
Issued,
subscribed and paid up:
124,485,879 equity shares of Rs. 10 each fully
paid-up. (Previous year 124,485,879)
|
124.49
|
124.49
|
|
(a)
99,521,437 equity shares of Rs.10 each issued
as fully paid-up for acquiring the Cement
business pursuant to the Scheme of Arrangement
without payment being received in cash;
(b)
87,258 equity shares of Rs 10 each issued
as fully paid up to shareholders of erstwhile
Narmada Cement Company Limited (NCCL) pursuant
to a Scheme of Amalgamation without payment
being received in cash. (Previous year 87,258);
(c) 63,114,691 shares are held by Grasim
Industries Limited (Holding Company), (Previous
Year 60,211,890) and 5,077,603 shares are
held by Samruddhi Swastik Trading &
Investment Limited (Subsidiary Company of
Grasim Industries Limited), {Previous year
7,477,178 }
|
|
| Total |
124.49
|
124.49
|
|
Schedule
1B
|
| EMPLOYEES
STOCK OPTION OUTSTANDING |
|
|
|
Employees
stock option outstanding
|
2.45
|
2.45
|
|
Less :
Deferred Employees Compensation Expenses |
0.77
|
1.68
|
|
|
1.68
|
0.77
|
| Outstanding
Employees Stock Options exercisable into 168,070
equity shares of Rs.10 each fully paid up.
(See Note B 19) |
|
Schedule
2
|
|
|
|
|
|
RESERVES AND SURPLUS
|
|
|
| |
Balance
as on 31 March 08
|
Additions
during the year
|
Deduction
/ adjustments during the year
|
Balance
as on 31 March 09
|
| Capital
Reserve |
25.02
|
-
|
-
|
25.02
|
|
Cash
Subsidy Reserve
|
0.10
|
-
|
-
|
0.10
|
|
Debenture
Redemption Reserve
|
161.63
|
45.17
|
(81.25)
|
125.55
|
|
General
Reserves
|
786.86
|
100.00
|
-
|
886.86
|
|
Surlpus
as per Profit and Loss Account
|
1,598.12
|
977.02
|
(136.74)
|
2,438.40
|
| Total |
2,571.73
|
1,122.19
|
(217.99)
|
3,475.93
|
Previous
year
|
1,639.29
|
1,127.61
|
(195.17)
|
2,
571.73
|
Schedule
3
|
|
|
SECURED
LOANS
|
|
|
Non
Convertible Debentures (See Note B 5a)
|
835.29
|
759.32
|
| Other
Loans: (See Note B 5b) |
|
|
| Foreign
Currency Loan (Due witihin a year - Rs. Nil) |
285.16
|
-
|
Loans
from Banks:
|
|
|
| Cash
credits / working capital borrowings from
banks secured by hypothecation of stocks and
book debts of the Company |
55.35
|
143.10
|
| Term
loans (See Note B 5b) |
-
|
80.24
|
| Total |
1,175.80
|
982.66
|
| Schedule
4 |
UNSECURED
LOANS
|
|
|
Short
term:
|
246.54
|
170.19
|
| From
Banks |
|
|
Long
term:
|
|
|
From
Banks (Due within a year Rs. Nil)
|
335.26
|
262.90
|
Sales
tax deferment loans (Due within a year Rs.
0.57 crores)
|
384.03
|
324.75
|
Total
|
965.83
|
757.84
|
| Schedule
5 |
| Fixed
assets |
|
Particulars
|
Gross
block
|
Depreciation
|
Net
block
|
|
As
on 01.04.08
|
Additions
|
Deductions
/adjustments
|
As
on 31.03.09
|
As
on 01.04.08
|
For
the year
|
Deductions/
adjustments
|
Upto
31.03.09
|
As
on 31.03.09
|
As
on 31.03.08
|
|
(A)
Tangible Assets
|
|
|
|
|
|
|
|
|
|
|
|
Freehold
land
|
81.45
|
26.17
|
0.03
|
107.59
|
-
|
-
|
-
|
-
|
107.59
|
81.45
|
|
Leasehold
land
|
20.88
|
0.76
|
0.12
|
21.52
|
6.16
|
0.63
|
0.02
|
6.77
|
14.75
|
14.72
|
|
Buildings
|
508.95
|
241.57
|
2.90
|
747.62
|
166.26
|
22.75
|
1.34
|
187.67
|
559.95
|
342.69
|
|
Railway
sidings
|
159.66
|
-
|
-
|
159.66
|
74.88
|
7.47
|
-
|
82.35
|
77.31
|
84.78
|
|
Plant
and machinery
|
4,009.32
|
2,182.46
|
43.32
|
6,148.46
|
2,098.10
|
259.96
|
21.58
|
2,336.48
|
3,811.98
|
1,911.22
|
|
Furniture
and fixtures
|
95.44
|
18.54
|
2.03
|
111.95
|
51.77
|
23.86
|
1.90
|
73.73
|
38.22
|
43.67
|
|
Jetty
|
80.60
|
-
|
-
|
80.60
|
68.12
|
0.96
|
-
|
69.08
|
11.52
|
12.48
|
|
Vehicles
|
14.32
|
4.17
|
1.59
|
16.90
|
6.22
|
2.43
|
0.95
|
7.70
|
9.20
|
8.10
|
|
Total
Tangible
Assets
|
4,970.62
|
2,473.67
|
49.99
|
7,394.30
|
2,471.51
|
318.06
|
25.79
|
2,763.78
|
4,630.52
|
2,499.11
|
| (B)
Intangible Assets |
|
|
|
|
|
|
|
|
|
|
| Software |
1.98
|
4.74
|
-
|
6.72
|
0.63
|
0.92
|
-
|
1.55
|
5.17
|
1.35
|
| Total
Assets (A+B) |
4,972.60
|
2,478.41
|
49.99
|
7,401.02
|
2,472.14
|
318.98
|
25.79
|
2,765.33
|
4,635.69
|
2,500.46
|
| Previous
year |
4,784.70
|
227.47
|
39.57
|
4,972.60
|
2,267.42
|
229.74
|
25.02
|
2,472.14
|
|
|
|
Add:
capital work-in-progress {include
advances of Rs. 118.23 crore (Previous year
Rs. 388.75 crore)}
|
677.28
|
2,283.15
|
|
5,312.97
|
4,783.61
|
| Note: |
| A.
Depreciation for the year
|
318.98
|
229.74
|
| Add:
obsolescence |
|
|
|
|
|
|
|
|
4.13
|
7.58
|
| Less:
Depreciation transferred to pre-operative
expenses |
|
|
|
|
|
|
|
|
(0.11)
|
(0.09)
|
| Depreciation
as per profit and loss account |
|
|
|
|
|
|
|
|
323.00
|
237.23
|
| B.
1) Leasehold land includes mining rights |
| 2)
Cost of plant and machinery includes Rs. 29.89
crore (Previous year Rs. 29.89 crore) relating
to railway wagons given on operating lease
to the Railways under 'Own Your Wagon Scheme' |
| 3)
Fixed assets includes assets costing Rs. 136.40
crore (Previous year Rs. 136.40 crore) not
owned by the company |
| 4)
Fixed assets costing Rs. 26.72 crore (Previous
year Rs. 26.72 crore) are held on co-ownership
with other company |
| 5)
The title deeds of some of the immovable properties
transferred pursuant to the Scheme of Arrangement
are yet to be transferred in the name of the
company |
| Schedule
6 |
| INVESTMENTS
at cost |
|
|
|
Long
term (TRADE)
|
|
|
|
Government
and Trust Securities - Unquoted
(Rs. 10,000, Previous year Rs, 10,000)
Pledged as security deposit
|
|
-
|
-
|
| Shares
in subsidiary companies - Unquoted |
|
|
|
Fully
paid-up equity shares of Rs. 10 each
50,000 Dakshin Cements Limited (Previous
year 50,000) |
1.21
|
|
1.21
|
Fully
paid-up equity shares of Sri Lankan
rupee 10 each
40,000,000 UltraTech Ceylinco (Pvt.)
Ltd.
(Previous year 40,000,000) |
23.03
|
|
23.03
|
|
|
24.24
|
24.24
|
| Others
- unquoted |
|
|
|
| 2,000,000
4.5% Cumulative Non Convertible Redeemable
Preference shares of Rs. 100 each in
Aditya Birla Health Services Limited.
(Previous year 2,000,000 ) |
|
20.00
|
20.00
|
| 1,065,580,
Equity Shares of Rs. 10 each in Madanpura
(North) Coal Company (P) Ltd. (Previous
Year Nil) |
|
1.07
|
-
|
| |
|
45.31
|
44.24
|
| Current
- unquoted (Other Investments) Units
of debt schemes of Mutual Funds: |
|
|
|
|
Description |
No.
of units
|
Face
value
|
Value
|
|
Rs.
in crore
previous year
|
| a)
Liquid scheme - Dividend plan |
|
|
|
|
|
| LIC
MF Liquid Fund (Previous year 1,821,826
units) |
4,554,533
|
10
|
|
5.00
|
2.00
|
| b)
Ultra Short Term Schemes - Dividend
Plan |
|
|
|
|
|
| Birla
Sun Life Savings Fund (Previous Year
Nil) |
107,785,600
|
10
|
107.86
|
|
|
| HDFC
Cash Management Treasury Advantage Fund
(Previous Year Nil) |
69,858,505
|
10
|
70.08
|
|
|
| ICICI
Prudential Flexible Income Fund (Previous
Year Nil) |
71,099,335
|
10
|
75.18
|
|
|
| Kotak
Floater Long Term Fund (Previous Year
Nil) |
77,876,553
|
10
|
78.50
|
|
|
| Reliance
Money Manager Fund (Previous Year Nil) |
1,152,791
|
1,000
|
115.41
|
|
|
| UTI
Treasury Advantage Fund (Previous Year
Nil) |
709,759
|
1,000
|
70.99
|
518.02
|
|
| c)
Short Term Plans - Dividend Plan |
|
|
|
|
|
| Birla
Sun Life Dynamic Bond Fund (Previous
Year Nil) |
98,247,715
|
10
|
101.01
|
101.01
|
|
| d)
Income Schemes - Dividend Plan |
|
|
|
|
|
| Birla
Sun Life Income Plus Plan (Previous
Year 42,565,128 units) |
35,071,897
|
10
|
39.22
|
|
45.04
|
| ICICI
Prudential Income Plan (Previous Year
14,105,173 units) |
8,644,798
|
10
|
9.90
|
49.12
|
14.82
|
| e)
Medium Term Debt Schemes - Dividend
Plan |
|
|
|
|
|
| Birla
Sun Life Short Term Opportunity Fund
(Previous Year Nil) |
151,210,895
|
10
|
151.34
|
|
-
|
| Birla
Sun Life Medium Term Plan (Previous
Year Nil) |
25,000,000
|
10
|
25.00
|
|
-
|
| HDFC
FMP 181D December 07- IV (Previous Year
19,800,000 units) |
|
|
-
|
|
19.80
|
| ICICI
Prudential Interval IV Qtrly B Fund
(Previous Year Nil) |
10,000,000
|
10
|
10.00
|
|
-
|
| UTI
Fixed Income Monthly Interval Fund (Previous
Year Nil) |
39,996,000
|
10
|
40.00
|
226.34
|
-
|
| f)
Medium Term Debt Schemes - Growth Plan |
|
|
|
|
|
| Birla
Sun Life Floating Rate Long Term Fund
|
74,984,253
|
10
|
75.00
|
|
|
| Birla
FMP Series T (Previous Year 25,000,000
units) |
|
|
-
|
|
25.00
|
| Lotus
India FMP 13 Months - Series III (Previous
Year 10,000,000 units) |
|
|
-
|
|
10.00
|
| UTI
Fixed Maturity Plan - YFMP (03/07) (Previous
Year 10,000,000 units) |
|
|
-
|
|
10.00
|
| UTI
Fixed Maturity Plan - YFMP (03/09) |
15,000,000
|
10
|
15.00
|
90.00
|
-
|
|
|
|
|
989.49
|
126.66
|
|
|
|
|
1,034.80
|
170.90
|
| Note:
Number of units of various Mutual Funds
- Debt schemes purchased and redeemed
during the year are as follows: |
|
|
| (i)
Liquid Schemes (Dividend Plan) - Birla
Sun Life Mutual Fund -1,405,060,555;
Deutsche Mutual Fund -15,169,661; Fidelity
Mutual Fund -9,998,300; Franklin Templeton
Mutual Fund -804,858; HDFC Mutual Fund
-218,859,039; HSBC Mutual Fund -5,496,922;
ICICI Prudential Mutual Fund -1,249,109,640;
IDFC Mutual Fund-197,450,641; JM Financial
Mutual Fund -22,962,113; Kotak Mahindra
Mutual Fund -111,055,683; LIC Mutual
Fund -481,097,622; Lotus India Mutual
Fund -24,993,752; Principal Mutual Fund
-13,299,069; Reliance Mutual Fund -710,229,530;
SBI Mutual Fund -10,583,939; Tata Mutual
Fund -3,311,291; UTI Mutual Fund -52,803,350. |
|
(ii)
Liquid Schemes (Growth Plan)
-Birla Sun Life Mutual Fund -37,426,550;
Franklin Templeton Mutual Fund -175,777;
ICICI Prudential Mutual Fund -44,601,430;
LIC Mutual Fund -6,693,125.
|
| (iii)
Ultra Short Term Schemes (Dividend Plan)-Birla
Sun Life Mutual Fund -1,038,212,163;
Canara Robeco Mutual Fund-7,253,911;
Deutsche Mutual Fund -45,824,131; Fortis
Mutual Fund-128,992,292; Franklin Templeton
Mutual Fund -19,970,447; HDFC Mutual
Fund -437,122,357; HSBC Mutual Fund
-19,974,832; ICICI Prudential Mutual
Fund -596,622,997; IDFC Mutual Fund-384,425,398;
JM Financial Mutual Fund -19,990,405;
JP Morgan Mutual Fund-24,977,770;Kotak
Mahindra Mutual Fund -170,409,388; LIC
Mutual Fund -224,006,276; Principal
Mutual Fund -52,933,104; Reliance Mutual
Fund -227,236,167; SBI Mutual Fund 4,997,501;
Sundaram BNP Paribas Mutual Fund-29,925,187
Tata Mutual Fund -372,399,591; UTI Mutual
Fund -1,676,472. |
| (iv)
Ultra Short Term Schemes (Growth Plan)-Birla
Sun Life Mutual Fund -32,490,107; Fortis
Mutual Fund-8,280,408; JM Financial
Mutual Fund -21,855,057; LIC Mutual
Fund -32,333,161; Lotus India Mutual
Fund -22,401,434; Reliance Mutual Fund
-135,894; Tata Mutual Fund -16,525,511. |
| (v)
Medium Term Debt Schemes (Dividend Plan)
-Birla Sun Life Mutual Fund -55,000,000;
Fortis Mutual Fund -30,000,000; Franklin
Templeton Mutual Fund -29,962,072 HDFC
Mutual Fund- 20,000,000; IDFC Mutual
Fund-30,000,000;JM Financial Mutual
Fund- 35,000,000; Kotak Mahindra Mutual
Fund -35,000,000; LIC Mutual Fund -25,000,000;
Lotus India Mutual Fund- 24,995,702;
ICICI Prudential Mutual Fund -44,999,100;
Reliance Mutual Fund -44,985,700;Sundaram
BNP Paribas Mutual Fund- 10,000,000;
Tata Mutual Fund- 58,588,660; UTI Mutual
Fund -30,000,000. |
|
| Schedule
7 |
INVENTORIES
|
|
|
|
Stores and spares parts, packing materials,
fuels and scrap
|
|
379.14
|
408.03
|
Raw
materials
|
|
68.00
|
43.26
|
Work-in-progress
|
|
176.99
|
102.35
|
Finished goods {Includes. Trading Inventory
of Rs. 0.02 crore (Previous year Rs. Nil)}
|
|
67.84
|
56.12
|
|
|
691.97
|
609.76
|
Schedule
8
|
|
|
|
| SUNDRY
DEBTORS |
|
|
|
Exceeding
six months
|
|
|
|
| Considered
good and secured |
5.58
|
|
6.18
|
Considered
good and unsecured
|
11.54
|
|
3.13
|
| |
|
17.12
|
9.31
|
Others
|
|
|
|
Considered
good and secured
|
80.52
|
|
97.99
|
| Considered
good and unsecured |
88.54
|
|
109.31
|
| |
|
169.06
|
207.30
|
|
|
186.18
|
216.61
|
Schedule
9
|
|
|
|
CASH
AND BANK BALANCES
|
|
|
|
Cash
balance on hand {including cheques on hand
Rs. 6.06 crore; (Previous year 17.62 crores)}
|
|
6.15
|
18.53
|
| Bank
balance with scheduled banks: |
|
|
|
In
current accounts
|
|
98.34
|
82.16
|
|
In fixed deposit account {(Rs. 25,861), (Previous
year Rs. 24,548)} |
|
-
|
-
|
|
|
104.49
|
100.69
|
Schedule
10
|
|
|
|
Loans
and advances
|
|
|
|
Secured
and considered good
|
|
|
|
Loans
against mortgage of house property
|
|
1.76
|
1.64
|
Unsecured
|
|
|
|
Considered
good:
|
|
|
|
Loans
and advances to subsidiary company
|
0.17
|
|
0.35
|
|
Parent
company and fellow subsidiaries |
7.76
|
|
-
|
| Deposits
and balances with government and other authorities |
89.30
|
|
151.33
|
Advances
recoverable in cash or in kind or for value
to be received
|
279.98
|
|
223.51
|
Considered
doubtful:
|
|
|
|
| Advances
recoverable in cash or in kind from others |
0.22
|
|
0.22
|
| Total |
377.43
|
|
375.41
|
| Less:
provision for doubtful loans and advances |
0.22
|
|
0.22
|
| |
|
377.21
|
375.19
|
|
|
|
378.97
|
376.83
|
| Schedule
11 |
| CURRENT
LIABILITIES |
|
|
|
| Sundry
creditors |
|
|
|
Dues
of micro, small and medium enterprises (To
the extent identified with available information)
|
0.86
|
|
0.21
|
Parent
companies and fellow subsidiaries
|
-
|
|
0.60
|
| Others |
722.23
|
|
775.59
|
|
|
723.09
|
776.40
|
Security
and other deposits
|
|
158.19
|
149.85
|
Advances
from customers
|
|
77.76
|
104.73
|
Investor
Education and Protection Fund, Amount not
due
|
|
|
|
Unpaid
Dividend
|
|
1.22
|
0.76
|
Other
liabilities
|
|
104.43
|
89.00
|
Interest
accrued but not due on loans
|
|
56.23
|
32.27
|
|
|
1,120.92
|
1,153.01
|
| Schedule
12 |
PROVISIONS
|
|
|
|
Provision
for retirement benefits
|
|
28.31
|
27.79
|
Provision
for mines restoration
|
|
5.12
|
3.51
|
| Provision
for tax (net of advance tax) |
|
15.55
|
21.43
|
Proposed
dividend
|
|
62.24
|
62.24
|
| Corporate
dividend tax |
|
10.58
|
10.58
|
| |
|
121.80
|
125.55
|
| Schedule
13 |
INTEREST
& DIVIDEND INCOME
|
|
|
|
(A)
On Investments
|
|
|
|
| Long
Term Investments: |
|
|
|
Dividend
from a subsidiary
|
|
4.77
|
2.80
|
| Current
Investments: |
|
|
|
Dividend
from current investments
|
|
32.79
|
28.75
|
| (B)
Interest (Gross) on others |
|
7.59
|
5.92
|
| {Tax
Deducted at Source Rs. 1.03 Crores, (Previous
Year Rs. 0.57 Crore )} |
|
|
|
|
|
45.15
|
37.47
|
| Schedule
14 |
OTHER
INCOME
|
|
|
|
Lease
rent
|
|
0.31
|
0.68
|
Insurance
claim
|
|
0.98
|
0.26
|
| Profit
on sale of current investments (net) |
|
3.11
|
1.28
|
| Profit
on Sale of Fixed Assets (Net) |
|
0.18
|
-
|
Exchange
rate difference (net)
|
|
-
|
11.86
|
Miscellaneous
income/ receipts
|
|
53.83
|
49.16
|
| |
|
58.41
|
63.24
|
| Schedule
15 |
INCREASE
/ (DECREASE) IN STOCKS
|
|
|
|
Closing
stock
|
|
|
|
Work-in-progress
|
|
176.99
|
102.35
|
Finished
goods
|
|
67.82
|
56.12
|
| |
|
244.81
|
158.47
|
Opening
stock
|
|
|
|
Work-
in- process
|
|
102.35
|
75.60
|
Finished
goods
|
|
56.12
|
59.45
|
| |
|
158.47
|
135.05
|
Add:
increase / (decrease) in excise duty on stocks
|
|
2.42
|
3.21
|
Increase
/ (decrease) in stocks
|
|
88.76
|
26.63
|
| Schedule
16 |
| RAW
MATERIALS CONSUMED |
|
|
|
Opening
stock
|
|
43.26
|
23.43
|
| Purchase
and incidental expenses |
|
709.70
|
556.60
|
|
|
752.96
|
580.03
|
Less:
closing stock
|
|
68.00
|
43.26
|
| |
|
684.96
|
536.77
|
| Schedule
17 |
MANUFACTURING
EXPENSES
|
|
|
|
| Freight
and handling expense on clinker transfer |
|
162.86
|
133.68
|
Consumption
of stores, spare parts, components and packing
materials
|
|
412.99
|
348.21
|
| Power
and fuel consumed |
|
1,712.98
|
1,253.26
|
| Hire
charges of plant, machinery and others |
|
8.58
|
6.26
|
Repairs
to plant and machinery
|
|
92.58
|
65.48
|
Repairs
to buildings
|
|
7.59
|
5.12
|
| Repairs
to others |
|
22.59
|
16.86
|
| |
|
2,420.17
|
1,828.87
|
| Schedule
18 |
PAYMENTS
TO AND PROVISIONS FOR EMPLOYEES
|
|
|
|
Salaries,
wages and bonus
|
|
168.86
|
131.78
|
Contribution
to and provisions for provident and other
funds
|
|
25.49
|
15.46
|
| Compensation
expenses under ESOS |
|
0.91
|
0.77
|
Welfare
expenses
|
|
22.41
|
19.58
|
|
|
217.67
|
167.59
|
| Schedule
19 |
|
|
|
| SELLING,
DISTRIBUTION, ADMINISTRATION AND OTHER EXPENSES |
|
|
|
| Commission
paid to distributors and selling agents |
|
23.17
|
14.72
|
| Cash
discount |
|
56.56
|
57.52
|
| Freight,
handling and other expenses |
|
1,071.08
|
969.26
|
| Advertisements
and sales promotion |
|
105.65
|
101.52
|
| Insurance
|
|
8.21
|
9.28
|
| Rent
(including lease rent) |
|
17.61
|
13.26
|
| Rates
and taxes |
|
19.40
|
29.86
|
| Stationery,
printing, communication expenses |
|
10.93
|
9.90
|
| Travelling
and conveyance |
|
24.03
|
21.61
|
| Legal
and professional charges |
|
27.50
|
16.23
|
| Bad
debts and advances written off |
|
0.40
|
1.79
|
| Directors'
fees |
|
0.13
|
0.12
|
| Power
(other than related to manufacturing activity) |
|
2.08
|
1.79
|
| Exchange
Rate difference (Net) |
|
28.21
|
-
|
| Loss
on sale of fixed assets (net) |
|
-
|
1.18
|
| Contribution
for political party (general electoral trust) |
|
10.00
|
2.80
|
| Miscellaneous
expenses |
|
26.55
|
25.19
|
| Total |
|
1,431.51
|
1,276.03
|
| Schedule
20 |
|
|
|
| INTEREST
AND FINANCE CHARGES |
|
|
|
| (A)
Interest |
|
|
|
| On
debentures and fixed loans |
90.55
|
|
62.38
|
| On
other loans |
28.67
|
|
13.29
|
| Total |
|
119.22
|
75.67
|
| (B)
Finance Charges |
|
6.29
|
6.64
|
| |
|
125.51
|
82.31
|
|
|
|
|
