Thangamayil Jwellery Balance sheet, Profit & loss and Cash Flow

1. RESTATED SUMMARY STATEMENT OF ASSETS AND LIABILITIES Rupees in Lacs
PARTICULARS As at March 31,
2009 2008 2007 2006 2005
ASSETS:
(1) Fixed Assets:
(a) Gross block at cost 1048.70 640.12 522.99 322.62 251.19
(b) Less : Depreciation 169.13 115.10 85.16 66.33 48.86
(c) Net block 879.57 525.02 437.83 256.29 202.33
(d) Capital advances 129.73 77.56 24.00 122.00 -
Total - A 1,009.30 602.59 461.83 378.29 202.33
(2) Current assets, Loans & Advances:
(a) Inventories 6,430.19 3,559.80 1,999.57 1,210.97 1,142.54
(b) Sundry Debtors 57.78 39.76 87.22 1.34 38.51
(c) Cash and bank balances 83.55 58.32 21.29 87.45 2.74
(d) Loans and Advances 491.16 156.74 20.58 10.39 37.87
Total - B 7,062.68 3,814.63 2,128.66 1,310.15 1,221.66
Total Assets - C = (A+B) 8,071.98 4,417.21 2,590.49 1,688.44 1,423.99
LIABILITIES:
(1) Loan Fund :
(a) Secured Loans 4,276.73 1,996.92 1,008.93 587.72 533.92
(b) Unsecured Loans 62.94 24.71 619.05 487.85 683.77
Total - D 4,339.67 2,021.64 1,627.98 1,075.57 1,217.69
(2) Deferred Tax Liability 44.02 29.34 28.21 21.16 16.50
(3) Current liabilities & provisions:
(a) Current liabilities 602.68 210.39 102.03 61.08 55.18
(b) Provisions 184.26 128.90 84.38 42.69 21.59
Total - E 830.96 368.63 214.62 124.93 93.27
Total Liabilities - F = (D+E) 5,170.63 2,390.27 1,842.60 1,200.50 1,310.96
Net worth (C-F) 2,901.35 2,026.95 747.89 487.94 113.03
Net worth represented by
(1) Shareholders Funds :
(a) Share Capital 905.29 867.20 304.00 304.00 54.00
(b) Share Premium 423.90 214.40 - - -
(c) Reserves and Surplus 1577.63 952.80 445.82 186.35 59.03
Total - G 2,906.82 2,034.40 749.82 490.35 113.03
Less: (2) Miscellaneous expenditure: (to the
extent not written off or adjusted)
(a) Preliminary expenses 5.47 7.45 1.93 2.41 -
Total - H 5.47 7.45 1.93 2.41 -
Net worth (G-H) 2,901.35 2,026.95 747.89 487.94 113.03
investingmantra.com

2. RESTATED SUMMARY STATEMNTS OF PROFIT AND LOSS ACCOUNT
Rupees in Lacs
PARTICULARS Year ended March 31,
2009 2008 2007 2006 2005
I. INCOME
Sales and Operating Income 24,683.84 22,449.99 12,715.67 4,923.79 2,685.97
Other Income 1.72 10.12 6.70 0.91 7.92
TOTAL INCOME 24,685.56 22,460.11 12,722.37 4,924.70 2,693.89
II. EXPENDITURE
(a) Cost of Sales 22,063.57 20,822.72 11,760.19 4,378.22 2,298.95
(b) Personnel Expenses 297.92 166.72 83.17 60.39 28.28
(c) Administration Expenses 234.79 100.90 55.91 45.32 50.92
(d) Selling Expenses 420.85 289.29 177.63 88.08 90.95
TOTAL EXPENDITURE 23,017.13 21,379.63 12,076.89 4,572.01 2,469.10
III. NET PROFIT BEFORE INTEREST, 1,668.43 1,080.48 645.48 352.69 224.79
DEPRECIATION AND TAXATION
Less :Interest & Finance Charges 460.49 197.34 151.76 122.16 153.88
IV. NET PROFIT BEFORE 1,207.94 883.14 493.72 230.53 70.90
DEPRECIATION AND TAXATION
Less: Depreciation 62.23 29.94 20.82 17.47 15.80
V. NET PROFIT BEFORE TAXATION 1,145.71 853.20 472.90 213.06 55.10
Less: Provision for Taxation:
- Current Tax 378.17 288.90 160.00 62.33 15.15
- Deferred Tax 14.68 1.13 1.91 4.66 5.50
- Fringe Benefit Tax 3.59 2.03 1.09 - -
396.44 292.06 163.00 66.99 20.65
VI. NET PROFIT AFTER TAXATION 749.27 561.14 309.90 146.07 34.45
Add / Less : prior period items (18.54) (3.42) (14.88) (1.50) 6.02
Add : Profit/Loss Brought forward 915.85 408.86 169.41 59.03 24.62
VII. PROFIT AVAILABLE FOR 1,646.58 966.58 464.43 203.60 65.09
APPROPRIATION
VIII. APPROPRIATION
Proposed Dividend on Equity Shares 90.53 - 30.40 15.13 5.40
Interim Dividend on Equity Shares - 43.36 - - -
Corporate Tax on Dividend 15.38 7.37 5.17 2.12 0.66
Transfer to Debenture Redemption Reserve - - 20.00 16.94 -
Transfer to General Reserve 150.00 - - - -
BALANCE CARRIED TO BALANCE SHEET 1,390.67 915.85 408.86 169.41 59.03
TOTAL 1,646.58 966.58 464.43 203.60 65.09
investingmantra.com

3. RESTATED SUMMARY STATEMENT OF CASH FLOWS
Rupees in Lacs
PARTICULARS Year ended March 31,
2009 2008 2007 2006 2005
Cash Flow from Operating Activities
Net Profit before tax 1,145.71 853.20 472.90 213.06 55.10
Add/(Less) Adjustments
Depreciation 62.23 29.94 20.82 17.47 15.80
Interest and Finance Charges 460.49 197.34 151.76 122.16 153.88
Loss on Sale of fixed Assets 6.52 - (0.81) - (0.90)
Preliminary Expenditure 1.98 (5.52) 0.48 (2.41) -
Operating Profit before WC Changes 1,676.93 1,074.96 645.15 350.28 223.88
Adjustments for:
Inventories 2,870.39 1,560.23 788.60 68.43 340.42
Sundry Debtors 18.02 (47.46) 85.88 (37.17) (37.42)
Loans & Advances 334.42 136.16 10.19 (27.48) 14.10
Current Liabilities (392.29) (108.36) (40.95) (5.90) 259.17
Total Adjustments (2,830.54) (1,540.57) (843.72) 2.12 (576.27)
Cash Generated from Operations (1,153.60) (465.62) (198.57) 352.40 (352.39)
Taxes Paid
Payment of Direct Taxes 432.31 210.84 137.72 52.42 5.69
Adjustments in respect of prior years 18.54 3.42 9.72 1.50 (6.02)
Net Cash flow from Operating Activities - (A) (1,604.45) (679.88) (346.02) 298.48 (352.06)
Cash Flow from Investing Activities
Purchase of Fixed assets 480.08 170.69 105.89 193.43 9.54
Proceeds from Sales of Fixed Assets 4.62 - 2.34 - 3.48
Net Cash used in Investing Activities - (B) (475.46) (170.69) (103.55) (193.43) (6.06)
Cash Flow from Financing Activities
Proceeds from Issue of Share Capital 247.59 777.60 - 250.00 -
Proceeds from Long Term Loan 84.80 (594.34) 131.20 (195.92) 73.67
Proceeds from Short Term Loan 2,233.24 987.99 421.21 53.80 342.16
Dividend Paid (including Corporate Dividend
Tax) - 86.30 17.25 6.06 -
Interest and Finance Charges paid 460.49 197.34 151.76 122.16 153.88
Net Cash flow from Financing Activities - (C) 2,105.13 887.61 383.40 (20.34) 261.95
Net Increase / (Decrease) in Cash & Cash
equivalents 25.23 37.04 (66.16) 84.71 (96.17)
- (A+B+C)
Cash & Cash Equivalents at the beginning of the
year 58.33 21.29 87.45 2.74 98.91
Cash & Cash Equivalents at the end of the year 83.56 58.33 21.29 87.45 2.74
investingmantra.com