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THE GREAT EASTERN  SHIPPING COMPANY LTD.
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],GREAT EASTERN  SHIPPING COMPANY LTD.
[object Object],[object Object],[object Object],GREAT EASTERN  SHIPPING COMPANY LTD.
GREAT EASTERN  SHIPPING COMPANY LTD. Balance Sheet (In Rs. Crores) 2007 2007 2006 Sources Of Funds    152.27 152.27 152.27 Total Share Capital 152.27 152.27 152.27   Equity Share Capital 16.02 0.00 0.00   Share Application Money 0.00 0.00 0.00 Preference Share Capital 4,005.10 2,915.52 2,233.92    Reserves 0.00 0.00 0.00   Revaluation Reserves 4,173.39 3,067.79 2,386.19   Networth 2,484.58 2,189.78 1,869.15 Secured Loans 0.00 0.00 0.00   Unsecured Loans 2,484.58 2,189.78 1,869.15    Total Debt 6,657.97 5,257.57 4,255.34   Total Liabilities Application Of Funds        6,204.26 5,359.38 4,343.23 Gross Block 1,729.90 1,726.97 1,587.92 Less: Accum. Depreciation 4,474.36 3,632.41 2,755.31 Net Block 358.23 180.00 109.74 Capital Work in Progress 921.35 403.61 185.79   Investments 52.15 35.15 33.45 Inventories 123.54 154.82 68.46 Sundry Debtors 10.60 15.51 11.17 Cash and Bank Balance 186.29 205.48 113.08 Total Current Assets 98.17 125.91 96.79 Loans and Advances 1,077.96 1,049.86 1,340.39 Fixed Deposits 1,362.42 1,381.25 1,550.26     Total CA   , Loans & Advances 0.00 0.00 0.00 Deffered Credit 310.20 244.67 324.20 Current Liabilities 148.19 95.03 21.56 Provisions 458.39 339.70 345.76 Total CL & Provisions 904.03 1,041.55 1,204.5 Net Current Assets 0.00 0.00 00.00 Miscellaneous Expenses 6,657.97 5,257.57 4,255.34 Total Assets
GREAT EASTERN  SHIPPING COMPANY LTD. Annual Report (in Rs. Crores) 2008 2007 2006       Income 2,594.57 1,990.60 1,928.15 Sales Turnover 0 0 0 Excise Duty 2,594.57 1,990.60 1,928.15 Net Sales 608.94 260.5 326.38 Other Income 0 0 -9.21 Stock Adjustments 3,203.51 2,251.10 2,245.32 Total Income       Expenditure 64.35 52.12 46.77 Raw Materials 290.82 237.21 170.7 Power & Fuel Cost 232.12 175.36 155.16 Employee Cost 295.91 245.84 328.35 Other Manufacturing Expenses 88.31 71.49 -11.77 Selling and Admin Expenses 28.84 25.74 24.8 Miscellaneous Expenses 0 0 0 Preoperative Exp Capitalised 1,000.35 807.76 714.01 Total Expenses 1,594.22 1,182.84 1,204.93 Operating Profit 2,203.16 1,443.34 1,531.31 PBDIT 459.14 268.05 277.03 Interest 1,744.02 1,175.29 1,254.28 PBDT 340.95 265.26 282.81 Depreciation 0 0 8.06 Other Written Off 1,403.07 910.03 963.41 Profit Before Tax 0.08 5.42 -4.9 Extra-ordinary items 1,403.15 915.45 958.51 PBT (Post Extra-ord Items) 46.34 32.14 32.36 Tax 1,356.73 883.31 843.5 Reported Net Profit 936 755.64 667.24 Total Value Addition 0 0 0 Preference Dividend 228.41 175.11 170.88 Equity Dividend 38.82 26.6 23.97 Corporate Dividend Tax     Per share data (annualised) 1,522.74 1,522.74 1,522.74 Shares in issue (lakhs) 89.1 58.01 55.39 Earning Per Share (Rs) 150 115 100 Equity Dividend (%) 273.02 201.47 156.7 Book Value (Rs)
GREAT EASTERN  SHIPPING COMPANY LTD. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Cash Flow Key Ratio 2008 2007 2006 1402.93 909.89 875.77 Net Profit Before Tax 1666.38 1028.95 1345.12 Net Cash From Operating Activities -1740.11 -1383.68 -664.52 Net Cash (used in)/from Investing Activities 106.54 67.43 -361.35 Net Cash (used in)/from Financing Activities 1088.56 -287.3 319.25 Net (decrease)/increase In Cash and Cash Equivalents 24.4 1367.45 1048.2 Opening Cash & Cash Equivalents 1112.96 1080.15 1367.45 Closing Cash & Cash Equivalents 2006-07 2007-08 Financial Year     Profitability Ratios 51.50% 57.20% Operating Profit margin 39% 42.30% Net profit Margin     Capitalization Ratios 0.71 0.6 Debt-Equity Ratios 11.96 12.68 Interest Service Coverage Ratio
Income Statements In Rs. million GREAT EASTERN  SHIPPING COMPANY LTD. 2006 2007 2008 23,420 22,511 32,035 Total Revenue 13,430 12,823 18,931 PBDIT ** 2,828 2,652 3,409 Depreciation 969 1072 1492 Interest 323 320 462 Tax provision 8,386 8833 13,568 PAT 55.07 58.01 89.11 EPS (Rs .)
GREAT EASTERN  SHIPPING COMPANY LTD. CONCLUSION

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financial management of great eastern shipping co.

  • 1. THE GREAT EASTERN SHIPPING COMPANY LTD.
  • 2.
  • 3.
  • 4. GREAT EASTERN SHIPPING COMPANY LTD. Balance Sheet (In Rs. Crores) 2007 2007 2006 Sources Of Funds   152.27 152.27 152.27 Total Share Capital 152.27 152.27 152.27   Equity Share Capital 16.02 0.00 0.00   Share Application Money 0.00 0.00 0.00 Preference Share Capital 4,005.10 2,915.52 2,233.92    Reserves 0.00 0.00 0.00   Revaluation Reserves 4,173.39 3,067.79 2,386.19   Networth 2,484.58 2,189.78 1,869.15 Secured Loans 0.00 0.00 0.00   Unsecured Loans 2,484.58 2,189.78 1,869.15    Total Debt 6,657.97 5,257.57 4,255.34   Total Liabilities Application Of Funds       6,204.26 5,359.38 4,343.23 Gross Block 1,729.90 1,726.97 1,587.92 Less: Accum. Depreciation 4,474.36 3,632.41 2,755.31 Net Block 358.23 180.00 109.74 Capital Work in Progress 921.35 403.61 185.79   Investments 52.15 35.15 33.45 Inventories 123.54 154.82 68.46 Sundry Debtors 10.60 15.51 11.17 Cash and Bank Balance 186.29 205.48 113.08 Total Current Assets 98.17 125.91 96.79 Loans and Advances 1,077.96 1,049.86 1,340.39 Fixed Deposits 1,362.42 1,381.25 1,550.26   Total CA   , Loans & Advances 0.00 0.00 0.00 Deffered Credit 310.20 244.67 324.20 Current Liabilities 148.19 95.03 21.56 Provisions 458.39 339.70 345.76 Total CL & Provisions 904.03 1,041.55 1,204.5 Net Current Assets 0.00 0.00 00.00 Miscellaneous Expenses 6,657.97 5,257.57 4,255.34 Total Assets
  • 5. GREAT EASTERN SHIPPING COMPANY LTD. Annual Report (in Rs. Crores) 2008 2007 2006       Income 2,594.57 1,990.60 1,928.15 Sales Turnover 0 0 0 Excise Duty 2,594.57 1,990.60 1,928.15 Net Sales 608.94 260.5 326.38 Other Income 0 0 -9.21 Stock Adjustments 3,203.51 2,251.10 2,245.32 Total Income       Expenditure 64.35 52.12 46.77 Raw Materials 290.82 237.21 170.7 Power & Fuel Cost 232.12 175.36 155.16 Employee Cost 295.91 245.84 328.35 Other Manufacturing Expenses 88.31 71.49 -11.77 Selling and Admin Expenses 28.84 25.74 24.8 Miscellaneous Expenses 0 0 0 Preoperative Exp Capitalised 1,000.35 807.76 714.01 Total Expenses 1,594.22 1,182.84 1,204.93 Operating Profit 2,203.16 1,443.34 1,531.31 PBDIT 459.14 268.05 277.03 Interest 1,744.02 1,175.29 1,254.28 PBDT 340.95 265.26 282.81 Depreciation 0 0 8.06 Other Written Off 1,403.07 910.03 963.41 Profit Before Tax 0.08 5.42 -4.9 Extra-ordinary items 1,403.15 915.45 958.51 PBT (Post Extra-ord Items) 46.34 32.14 32.36 Tax 1,356.73 883.31 843.5 Reported Net Profit 936 755.64 667.24 Total Value Addition 0 0 0 Preference Dividend 228.41 175.11 170.88 Equity Dividend 38.82 26.6 23.97 Corporate Dividend Tax     Per share data (annualised) 1,522.74 1,522.74 1,522.74 Shares in issue (lakhs) 89.1 58.01 55.39 Earning Per Share (Rs) 150 115 100 Equity Dividend (%) 273.02 201.47 156.7 Book Value (Rs)
  • 6.
  • 7. Income Statements In Rs. million GREAT EASTERN SHIPPING COMPANY LTD. 2006 2007 2008 23,420 22,511 32,035 Total Revenue 13,430 12,823 18,931 PBDIT ** 2,828 2,652 3,409 Depreciation 969 1072 1492 Interest 323 320 462 Tax provision 8,386 8833 13,568 PAT 55.07 58.01 89.11 EPS (Rs .)
  • 8. GREAT EASTERN SHIPPING COMPANY LTD. CONCLUSION