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

========