F I N A N C I A L P E R F O R M A N C E

MSTC Annual Report 2010-11

Balance Sheet Rs. in crores

Profit & Loss Account

F I N A N C I A L R E S U L TS

Financial results of the company for the last five years is given below:

	2010 - 2011	2009-2010	2008-2009	2007 - 2008	2006 - 2007
Gross Income	1947.31	4381.18	7082.09	5197.11	3100.07
Total expenditure (including financial charges, depreciation & provisional & write off	1797. 90	4245.19	6952.56	5062.64	3006.66
Gross Profit before tax	149. 41	135.99	129.53	134.47	90.87
Tax	50.25	49.90	44.48	42.26	31.87
Profit after tax	99.16	86.09	85.05	92.20	59.00
Paid-up Capital (Equity)	2.20	2.20	2.20	2.20	2.20
Reserves	503. 00	406.26	340.17	268.45	197.87
Proposed Dividend (%)	100	783	775	840	540
Earning per share (Rs.)	450. 75	391.35	386.58	419.11	268.20

B A L A N C E S H E E T

	AS AT 31/03/11	AS AT 31/03/10	AS AT 31/03/09	AS AT 31/03/08	AS AT 31/03/07
SOURCES OF FUNDS
Shareholders' Funds
Capital	2.20	2.20	2.20	2.20	2.20
Reserves and Surplus	503. 00	406.26	340.17	268.45	197.87
	---------- 505. 20	-------- 408.46	-------- 342.37	------- 270.65	---------- 200.07
Loan Funds	1163.69	1536.35	1900.07	1170.28	968.34
TOTAL	--------------1668.89 ==========	----------- 1944.81 =======	----------- 2242.45 =======	----------- 1440.93 =======	----------- 1168.41 ==========

APPLICATIONS OF FUNDS
Fixed Assets
Gross Block	31. 52	21.54	22.51	19.05	16.28
Less: Depreciation	14.14	12.95	13.66	11.25	7.58
Capital Work-in-progress	0	9.28	8.60	4.32	0.15
Net Block	--------------- 17. 38	----------- 17.87	----------- 17.45	----------- 12.12	--------------- 8.85
Investments	15. 81	15.81	15.81	17.81	31.81
Deferred Tax Assets	10.64	10.64	12.90	0
Current Assets, Loans & Advances
Current Assets
Interest accrued on Investment	0	0	0	0.20	0.40
Stock-in-Trade	16. 18	0	1.65	13.99	65.94
Sundry Debtors	985. 29	2125.74	2611.51	2919.67	1213.84
Cash and Bank Balance	884. 47	1443.20	1743.38	1445.04	1042.64
Other Current Assets	11. 88	10.54	30.68	9.94	8.61
	-------------- 1897.82	------------3579.48	------------4387.23	------------ 4388.86	------------ 2331.43
Loans and Advances	1485. 14	1547.02	961.87	296.83	217.85
	----------- 3382. 96	---------- 5126.50	---------- 5349.10	---------- 4689.86	------------ 2549.29
Less: Current Liabilities and Provisions	1757. 90	3226.01	3152.82	3274.69	1421.64
Net Current Assets	--------------- 1625. 06	------------- 1900.49	------------- 2196.27	------------- 1411.00	--------------- 1127.63
Misc. Expenditure	--------------- 0.00	------------ 0.00	------------ 0.00	------------ 0.00	--------------- 0.11
TOTAL	-------------- 1668.89 =========	----------- 1944.81 =======	---------------- 2242.45 =======	----------- 1440.94 ======	-------------- 1168.41 ========

P R O F I T & L O S S A C C O U N T

	2010-11	2009-10	2008-09	2007-08	2006-07
INCOME
Sales	1658.39	4090.88	6832.53	4974.79	2943.86
Service Charges	161.26	102.21	100.99	80.15	55.07
Other Income	127.66	188.09	148.58	130.71	97.70
Provision no longer required written back	0	0	0	12.00	3.44
TOTAL	-------------- 1947. 31 ==========	-------------- 4381.18 ==========	-------------- 7082.09 ==========	-------------- 5197.11 ==========	-------------- 3100.07 ==========
EXPENDITURE
Cost of Sales	1642. 17	4059.60	6761.87	4928.40	2917.39
Employees' Remuneration and benefits	34. 53	22.19	30.86	16.40	12.29
Administrative Expenses	14. 03	11.64	15.65	14.44	9.61
Financial Charges	102. 44	141.83	132.00	97.70	61.57
Auction / Tender Expenses	1. 57	1.48	1.77	1.84	1.64
Provision for Doubtful Debts	0. 66	4.50	4.50	0	0
Provision for Doubtful Advances	0	0	3.30	0
Provision for Overdue Investment	0	0		0	0
Bad Debt written off	0	0		0	0
Prior Period Items	1. 21	2.27	0.039	0	0
TOTAL	---------------- 1796.61 ==========	---------------- 4243.51 ==========	---------------- 6950.00 ==========	---------------- 5058.78 ==========	---------------- 3006.67 ==========
PROFIT
Profit before Depreciation & Tax	150. 70	137.67	132.09	138.33	93.40
Less: Depreciation	1. 29	1.68	2.56	3.86	2.53
Profit before Tax	------------ 149.41	------------ 135.99	------------ 129.53	------------ 134.47	------------ 90.87
Less: Provision for Taxation	50. 25	47.63	50.23	42.00	31.66
Deferred Tax	(. 0047)	2.27	(6.28)	0
Fringe Benefit Tax	0	0	0.54	0.26	0.21
Profit after Tax	------------- 99.16 ========	------------- 86.09 ========	------------- 85.05 ========	------------- 92.20 ========	------------- 59.00 ========
APPROPRIATIONS
Interim Dividend	0			0	0
Tax on Interim Dividend	0			0	0
Proposed Dividend	2. 20	17.23	17.05	18.48	11.88
Tax on Dividend	0.22	2.78	2.90	3.14	2.02
Transferred to General Reserve	96. 74	66.08	65.10	70.58	45.11
TOTAL	------------ 99.16 ========	------------ 86.09 ========	------------ 85.05 ========	------------ 92.20 ========	------------ 59.00 ========

MSTC Annual Report 2010-11

Balance Sheet Rs. in crores

Profit & Loss Account

F I N A N C I A L R E S U L TS

Financial results of the company for the last five years is given below:

Gross Income

Total expenditure (including financial charges, depreciation & provisional & write off

Gross Profit before tax

Tax

Profit after tax

Paid-up Capital (Equity)

Reserves

Proposed Dividend (%)

Earning per share (Rs.)

B A L A N C E S H E E T

SOURCES OF FUNDS

Shareholders' Funds

Capital

2.20

2.20

Reserves and Surplus

268.45

197.87

--------

342.37

-------

270.65

----------

200.07

Loan Funds

1170.28

968.34

TOTAL

-----------

1944.81

=======

-----------

2242.45

=======

-----------

1440.93

=======

-----------

1168.41

==========

APPLICATIONS OF FUNDS

Fixed Assets

Gross Block

19.05

16.28

Less: Depreciation

11.25

7.58

4.32

0.15

Net Block

-----------

17.45

-----------

12.12

---------------

8.85

Investments

17.81

31.81

Current Assets, Loans & Advances

Current Assets

Interest accrued on Investment

0.20

0.40

Stock-in-Trade

13.99

65.94

Sundry Debtors

2919.67

1213.84

Cash and Bank Balance

1445.04

1042.64

Other Current Assets

------------
4388.86

------------
2331.43

----------
4689.86

------------
0.00

-----------
1440.94

--------------
1168.41