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CHAPTER - 1
Introduction
1.1 THEORETICAL BACKGROUND OF THE STUDY:STUDY:
The art of making sugar was discovered in India around 4th century.
Sugar is an important element in mans food and definitely widely used product. It
provides employment to nearly
n
5lakhs
lakhs of people directly. Sugar industry is an agro
based industry it is known to the second largest industry in the country, in spite
spit of
being one of the largest producer of sugar in the world the export ratio is the lowest
among sugar exporting countries, hardly 2% of the total production is exported .It
plays an major role in the economic development of rural areas in the state.
The industry revolution introduced the concept of mass production which
revolutions the manufacturing process and technology of production. The industry
revolution mechanized the production as processing unit the method of manufacturing
led for the birth of various
various concepts like process engineering, process management
and process maintenance.
Sugar is a sweet white or brown usually crystalline substance obtained cheaply
from sugarcane or sugarcane beets and used commonly in food products.
products
JGFGC Basavapattana
Kashiram Rana:
He describes that the new challenges and opportunities presented by the
rapidly changing global environment the industry has to become globally competitive
by adopting a modernization program. An important factor inhibiting the technology
up gradation is the high cost of capital required for carrying out such a programmed.
programme
1.3 STATEMENT OF THE PROBLEM:To evaluate the reasons leading to the declining revenue from past three years
in Davangere Sugar Company Limited (DSCL) in Davangere.
JGFGC Basavapattana
1.7
.7 LIMITATIONS OF THE STUDY:STUDY:
The study is based on secondary data such as published annual reports.
During the study some important and confidential matters are not disclosed by the
respective authorities.
Due to the changes in the price level
level of various year comparison of ratio of such years
cannot give correct conclusion.
There is absence of standard ratio, so comparing of the ratio is misleading.
As the study period is only for 3 years, so the collected and analyzed belongs to only
those years
JGFGC Basavapattana
PRIMARY DATA
PERSONAL OBSERVATIONS
SOURCES OF DATA
TEXT BOOK
ANNUAL REPORTS
SECONDARY DATA
JOURNALS
JGFGC Basavapattana
JGFGC Basavapattana
JGFGC Basavapattana
GENERAL
MANAGER
D.G.M.
MECHANICAL
CHIEF CHEMIST
ELECTRICAL
ENGINEER
INSTUMENTATION
MANAGER
CHIEF ENGINEER
DEPUTY CHIEF
SHIFT CHEMIST
SUPERVISOR
LAB CHEMIST
ELECTRICIAN
OPERATOR
HELPER
ENGINEER
SENIOR
ENGINEER
ASST.SHIFT
ENGINEER
FOREMAN
OPERATOR
HELPER
JGFGC Basavapattana
HELPER
TECHNICIAN
HELPER
However the likely sustenance of firm global prices would permit export of
around 20 lakhs MT of sugar P.A for the next two sugar seasons. There by easing the
pressure on domestic stocks. Sugar year 2007-08
2007 08 on words sugar year refers to the
period October to September.
INTERNATIONAL
Sugar prices likely to remain firm over the medium term for most of the late
1990s and clearly 2000s sugar prices in the international market remained in the range
of US$ 200-250MT
250MT but 2004 prices have firmed up and are currently
currently at around US$
450 MT.
KEY SUCCEESS FACTORS
1. Cane development activities
2. Level of integration
3. Capital structure
4. Regulatory risks
JGFGC Basavapattana
Sugarcane is the main raw material for sugar production. Sugar can also be
produced by sugar beet. About 70% of world sugar is produced by sugarcane and
the remaining by sugar beet. Indian sugar factories production
production is based only on
Sugarcane. Sugarcane is a yearly crop. There are varieties of sugar seeds available to
farmers which differ from their sugar content and time taken for growing. Sugarcane
is a genus of tropical grasses which requires strong sunlight
sunlight and abundant water for
satisfactory growth. As growing of sugarcane requires abundant water the major areas
which grow sugarcane are having sufficient irrigation facilities.
Sugarcane occupies about 2.7% of the total cultivated area and it is one of the
th
most important cash crops in the country. In India, sugarcane is utilized by sugar mills
as well as by traditional sweeteners like gur and khandsari producers.
Indian sugar companies have sufficient sugarcane for production of sugar.
Strongly established companies, facilities of irrigation, less restrictions of government
on establishment and expansion, market opportunities, strong demand for by-products
by
Encouraging farmers to grow sugarcane. Today sugarcane is characterized as an
energy crop.
Brazil andd India are the largest sugar producing countries followed by China,
USA, Thailand, Australia, Mexico, Pakistan, France and Germany. All these countries
JGFGC Basavapattana
JGFGC Basavapattana
2.8 GLOBAL
BAL SCENARIO (INTERNATIONAL TRADE OPPORTUNITY)
International trade is of strategic importance to India as it can help maintain
stability in the domestic market, despite the cyclicality in production. If there is a
sugar surplus either due to excess production
production or due to greater economic
attractiveness of cane for ethanol and cogen in the future, exports could be used if the
surplus cannot be managed in the domestic market. Acceptability as a credible
exporter will provide the Indian sector an alternate set of markets for diverting surplus
production. Similarly, in case of deficits, raw sugar imports could help bridge the
supply gap.
Globally, in most of the key geographies like Brazil and Thailand, regulations
have a significant influence on the sugar sector. Perishable nature of cane, small farm
landholdings and the need to influence domestic prices; all have been the drivers for
regulations. In India, too, sugar is highly regulated. Since 1993, the regulatory
environment has considerably eased, but sugar
sugar still continues to be an essential
commodity under the Essential Commodity Act. There are regulations across the
entire value chain land demarcation, sugarcane price, sugarcane procurement, sugar
production and sale of sugar by mills in domestic and international
international markets. However,
fundamental changes in the consumer profile and the demonstrated ability of the
sector to continuously ensure availability of sugar for domestic consumption has
diluted the need for sugar to be considered as an essential commodity.
commodity. According to a
recently conducted nationwide survey, nearly 75 percent of the total non-levy
non
sugar is
consumed by Industrial, small business and high income household segments.
Further, even for a low income household, 10 percent increase in sugar price
pr would
result in less than 1 percent increase in the 3 monthly food expenses.
JGFGC Basavapattana
The government policies for the sugar industry are broadly classified in the
following section for the better understanding.
Licensing policies:: Till recently sugar is used to be amongst the 9 industries under
licensing provision. The major criterion for issuing new licenses were as follows
JGFGC Basavapattana
JGFGC Basavapattana
Richard Pascal identified these factors in his book The art Japanese
management according to Pascal it was because of these factors the Japanese
companies excelled over American firms.
firms. A very important feature of this modal is
that Mckinseys consultants in their studies of several firms have extensively tested it.
7S model is very good tool available to the mangers, to study the organizations. This
study is important from a strategic,
strategic, marketing, organizational behavior and
competitive perspective. A major premise of the model is that many performances
related issues are rooted among the 7 factors outlines. The 7S are interconnected,
aligned and working together in high performing organizations.
orga
The 7 Ss are
Structure
Skill
Style
Strategy
System
Staff
Shared
JGFGC Basavapattana
Government enforces a dual pricing policy for the sugar industry. Presently
10% of the production is sold at a fixed price to the government which is used for
PDS and other market operations. The new & expanded sugar plants are exempted
from the
he levy quota for a period of five to eight years which makes the new sugar
units more profitable. But mills under levy are free to sell the remaining 90 % of
sugar (as 10% is supplied to government) in the open market at the market determined
price. The government
overnment controls supply of sugar in the open market through monthly
sugar release notifications based on market conditions and thus influencing the open
market prices to a great extent. Though, the incentive scheme has achieved the
objective of attractingg more players, due to better margin than existing players, the
returns for older units reduces substantially due to low increase in levy prices for
controlling fiscal deficits. However new units face the problem of procuring
sugarcane from the farmers and sometimes end up paying a premium to SAP.
Excise and taxes: Some of the state governments impose purchase on the sugarcane
purchases made byy the sugar mills, which varies from state to state. The states of
JGFGC Basavapattana
Key Word
SKILLED LABOR
CAPACITY
INFRASTRUCTURE
FINANCE
JGFGC Basavapattana
Description
Lack of skilled labor as the company
is situated in rural areas
The capacity of sugarcane crushing is
less compare to supply of sugarcane.
Keyword
Description
AUTOMATIZED
COST
EXPERIENCE
36 years of experience
BRAND
SPEED
THREATS
Sr.No
Keyword
Description
The
RECOVERY
percentage
recovery
is
GOVERNMENT
INTERVENTION
EXPORT
JGFGC Basavapattana
Key Word
Description
SUGARCANE
FREE MARKET
FOREIGN
MARKET
foreign market.
CENTRAL
GOVERNMENT
2.14 PEST ANALYSIS:It is very important that an organization considers its environment before
beginning the marketing process. In fact, environmental analysis should be continuous
and feed all aspects of planning. The organizations marketing environment is made
up of:
1. The internal environment e.g. staff (or internal customers), office technology, wages
and finance, etc.
2. The micro environment e.g. our external customers, agents and distributors, suppliers,
our competitors, etc.
3. The macro environment e.g. political forces, Economic Forces, Socio-cultural
Socio
Forces,
and Technological Forces. These are known as PEST Factors.
Factors
JGFGC Basavapattana
Political
Economic
PEST
Social
Technological
POLITICAL ANALYSIS:
ANALYSIS
1) Pricing Regulation:
The price and supply of sugar to free market is fixed by the Government. Even
the price of sugarcane is fixed by the Government. So, there is more influence of
political environment
ment in sugar industry.
2) Taxation:
The taxation policy of the government changes with time & this change effects
the industry to a larger extent. Any increase in the tax policy will decrease the profit
margins of the industry & vice-versa.
vice
And sugar industry
ry is enjoying the taxation
policy as there are more tax exemption & reduction in sugar industry.
3) Wage Legislation:
The government has taken several initiatives in the welfare of the workers.
The government has came with the acts of Minimum Wages Act, which regulates a
JGFGC Basavapattana
Economic Analysis:
1. Type of economic:
The performance of an industry depends upon the market & economy in which
it performs. As sugar is a essential commodity which we use in our daily life.
2. Infrastructure quality:
quality
The infrastructure of the country affects the performance of the industry. As
India is lacking in infrastructure the industry is facing the problems like
transportation,, warehousing, etc
JGFGC Basavapattana
4. Labor cost:
The human resource is abundant in India & it is also cheap. This is one of the
factors which control the cost of the industry. But today we find that as the country is
developing this resource is also being expensive.
JGFGC Basavapattana
JGFGC Basavapattana
Threat of Substitutes
A threat from substitutes exists if there are alternative products with lower
prices of better performance parameters
parameters for the same purpose. They could potentially
attract a significant proportion of market volume and hence reduce the potential sales
volume for existing players. This category also relates to complementary products.
Similarly to the threat of new entrants,
entrants, the treat of substitutes is determined by factors
like
Current trends- this is most important because the sugar industry do not have any
trend for consumption of sugar.
The substitutes products like guru
gur & khandasri which are substitutes of sugar.
But there is no such impact of substitutes which create a threat to sugar
industry.
Competitive Rivalry between Existing Players
JGFGC Basavapattana
are
different so the prices followed according to the size & quality ex: large size, medium
size or small size.
There is no much competition between competitors as sugar is controlled commodity
& the prices, the quantity of sugar supplied to market is fixed by the Government.
JGFGC Basavapattana
HISTORY:
The proposal to set up a Sugar Factory at Kukkuwada took a concrete shape
with the development of vast irrigation facilities created by network of canals of
Bhadra Dam in the Taluk of Davangere, Channagiri, Honnali and Harihar and nearly
1, 20,000 hectaress of the land brought under irrigation in 1970-80
1970 80 within radius of 100
Km from the present location of DAVANGERE SUGAR COMPANY PRIVATE
LIMITED, at Kukkuwada village too exploit this vast irrigation potential, a Sugar
Factory with a crushing capacity of 1250 TCD was established by the name
DAVANGER SUGAR COMPANY LIMITED, as a Joint Sector Government
Company in the year 1970 at the initiative of the local Farmers, Leaders of the above
Taluks with the active financial participation and guidance of Karnataka Agro
Agr
Industries Corporation and KSIIDC, who substantially contributed to the Equity
Funds of the company. The other financial institutions like IDBI, IFCI and ICICI also
participated in the Equity of the company to some extent.
VISION:
It is proud on the part of the company that about 20000 acres of land has been
brought under sugarcane cultivation for the ensuring season 2007-08.
2007
The company
JGFGC Basavapattana
MISSION:
1. To provide guidances and early warnings to Cane and Sugar Industry including
Sugar-related
related Industries.
2. To support Cane and Sugar industry including Sugar-related
Sugar related Industries to develop
their competitiveness capacity and sustainable growth with balances.
3. To supervise sustainable growth of Cane and Sugar Industry.
4. To increase their sales.
5. To achieve the recovery level of 11% at the end of 2009
6. During 2009-2010
2010 company has a target to crush a sugar cane of 280000 MT.
7. To increase quality of the product & fulfill the needs
needs of the customer.
OBJECTIVES:
3.3 GENERAL OBJECTIVES:OBJETIVES:
Increase the sales by conducting many programs like consumer information programs.
To regularly supply there product all the customers according to customer needs.
In DSCL the major production is sugar. The company has to produce two
types of sugars. They are,
1. Brown sugar
2. Raw sugar.
JGFGC Basavapattana
JGFGC Basavapattana
CHAIRMAN
VICE
MANAGING
PRODUCTION
&
MAINTENANCE
CANE
DEVELOPMENT
FINANCE
JGFGC Basavapattana
SALES
H.R.DEPT
3.6.1 FINANCE
:-
JGFGC Basavapattana
3.6.2 MARKETING:MARKETING:
CHIEF SALES
OFFICER
CASHIER
GODOWN
MANAGER
GODOWN
KEEPER
ASSISTANTS
JGFGC Basavapattana
JGFGC Basavapattana
HR
Manager
Deputy HR
Manager
Officers
Assistants
INTRODUCTION:
The Human Resources Department is performing a vital role in the
organization. Human Resources Management is concerned with people dimensions in
management. As every organization is made up of people, acquiring
acquiring their services,
developing their skills, motivating them to higher levels of performance and ensuring
their commitment to the organization.HRM is the qualitative improvement of human
beings who are considered the most valuable assets of an organization.
organizat
In DSCL also
Human Resources are given more importance, cared & always motivated towards
organization goal.
JGFGC Basavapattana
JGFGC Basavapattana
c) Over all the committee look after the employees in sugar industry.
JGFGC Basavapattana
2. Gratuity:
The company pays 15days salary (per year) for permanent employees and
7days salary for seasonal employees.
Fund)
3. EDLI (Employees Deposit Linked Fund):
The present rate of EDLI is Rs.67000. EDLI means if any employee expired
during the course of employment, then Rs. 67000 is paid to his dependents.
5. Medical Allowances:
The company pays Rs 250 per month for all the employees as Medical
Allowances.
6. Traveling Allowances:
Allowances
The company pays traveling allowances according to the distance traveled by the
employees.
0.1 to 4.9 kilometers Rs. 175 per month
5 to 9.9 kilometers Rs. 225 per month
10 to 14.5 kilometers Rs. 275 per month
15 and above Rs.325 per month.
The company also has transportation facility for employees.
JGFGC Basavapattana
9. Canteen Facility:
The company has clean & hygiene canteen facility. The company charges
Rs.0.60 for tea, Rs.1.20 for Tiffin & Rs.3.50 for full meals.
TIME OFFICE:
As every organization has Time Office, even DSCL has Time Office were
attendance register of the employees is maintained.
JGFGC Basavapattana
4.1 INTRODUCTION:INTRODUCTION
JGFGC Basavapattana
DSCL has brought 3,000 acres of land under cultivation of high yield variety of
sugarcane by encouraging farmers.
DSCL has improved its sugar manufacturing process by implementation of rere
engineering the existing process and semisemi atomizing few of the key manufacturing
processes.
DSCL is controlled by Shamanur family.
Promoter group holds 96% stake and balance 4% is with public
JGFGC Basavapattana
Current share capital of DSCL is INR 3686.85 lakhs (equivalent equity shares with
face value of INR 10)
DSCL is listed with Bangalore stock exchange, currently trading is suspended DSCL
Shareholding pattern
Shamanur Group of Companies are promoted by Dr. S. Shivshankarappa. Shamanur
Group has business interest in Education, Bank, Sugar, and Power, Commodities,
Distilleries & food
ood processing.
The group is highly influential in Karnataka particularly Davangere region with its
flagship education business under the name & style of Bapuji Educational Association
Davangere Sugar Company Limited (DSCL) is under majority control of the
t
Managing Director Mr S. S. Ganesh.
Other sugar & power co-gen
co
unit of the group includes:
o Indian Cane Power Limited
o Shamanur Sugar Mills Limited
o Samson Distilleries Pvt. Limited
JGFGC Basavapattana
Current Ratio
TABLE NO 4.2
Year
Current
Current
Ratios
Asset
Liabilities
2008
77726.01
9650.07
8.05
2009
85393.95
14493.57
5.89
2010
100167.69
16501.10
6.07
10
8
6
4
2
0
2007
2008
2009
Interpretation:
The standard current ratio is 2:1. The current ratio of the Davangere Sugar
Company is 6.07 in the year 2009 as compared to 8.05 in the year 2007. This shows
that the financial position of the Sugar Company is not good; when we observed
observ the
current ratio of all three years we come to the conclusion that the current ratio of
Davangere
ngere Sugar Company is less than 2.
difficulties in payment of current liabilities and also day to day operations of business
may suffer
JGFGC Basavapattana
Ratio
TABLE NO -4.3
Year
Quick Asset
Current Liabilities
Ratio
2007
3781.41
9650.07
0.39
2008
13948.34
14493.57
0.96
2009
9151.57
16501.10
0.55
1
0.5
0
2007
2008
2009
Interpretation:
The quick ratio was lowest during the year 2007 i.e., 0.39 and lowest during
the year 2009 i.e., 0.55 the ideal standard quick ratio is 1:1. It means the company is
in a position to meet its immediate current liabilities.
JGFGC Basavapattana
Sales
Debtor
Ratio
2007
4742.71
3409.54
1.39
2008
7805.8
2002.95
3.90
2009
7948.48
2398.48
3.31
4
3.5
3
2.5
2
1.5
1
0.5
0
2007
2008
2009
Interpretation:The high Debt Equity Ratio shows that the claim of creditors is more than that
of owners. If the ratio is very high then it is unfavorable as per the firms point of
view. In the year 2007, 2008 and 2009, the ratio was 1.39, 3.90 and 3.31.
JGFGC Basavapattana
TABLE NO -4.5
4.5
Days In a
Debtor Turnover
Collection
Year
Ratio
Period
2007
365
1.39
263
2008
365
3.90
94
2009
365
3.31
110
Year
4.5
4
3.5
3
2.5
2
1.5
1
0.5
0
2007
2008
2009
Interpretation:
The average collection period represents the number of days worth of credit
sales that locked in debtors. Low average collection period shows that companys
collection is fast and prompt. Form year 2007 and 2009 there was an increase in the
average collection period but in 2008 it was decreased. This is good sign for
company.
JGFGC Basavapattana
Sales
Fixed Asset Turnover Ratio
=
Fixed Assets
Year
Sales
Fixed Asset
Ratio
2007
4742.71
4870.14
0.97
2008
7805.8
6060.01
1.29
2009
7948.48
7206.42
1.10
JGFGC Basavapattana
1.5
1
0.5
0
2007
2008
2009
TABLE NO -3.7
Sales
Current Asset
Year
Sales
Current Asset
Ratio
2007
4742.71
3781.41
1.25
2008
7805.8
13948.34
0.56
2009
7948.48
9151.57
0.87
JGFGC Basavapattana
1.5
1
0.5
0
2007
2008
2009
TABLE NO -3.8
Interpretation:
The fixed asset turnover of the Sugar Company is faster than the current asset
turnover. The fixed asset turnover ratio during the year 2008 is highest i.e., 1.29
times. It implies that company generates a sale of Rs. 1.29 for one rupee investment in
fixed assets. The current asset turnover ratio during the year 2007 was highest i.e.,
1.25 times it implies that company generates a sales of Rs. 1.25 for one rupee
investment in current assets. The high fixed assets and current assets ratio indicates
that the overtrading on assets.
JGFGC Basavapattana
Profit
After
Sales
Ratio
Tax
2007
8612.90
4742.71
1.82
2008
5218.10
7805.8
0.66
2009
3586.06
7948.48
0.45
JGFGC Basavapattana
2
1.5
1
0.5
0
2007
2008
2009
TABLE NO -3.9
Interpretation:
The net profit ratio of the Sugar Company during the year 2007 was 11%, this
is because of low interest and high operating profit. The net profit is low during the
year 2009 was 4.5%, this is because of low operating profit. From 2007
2
onward the
net profit has been
JGFGC Basavapattana
Net sales
Working capital turnover Ratio =
Working capital
Year
Net Sales
Working
Ratio
Capital
2007
4742.71
6807.59
0.70
2008
7805.8
7090.03
1.10
2009
7948.48
8038.96
0.99
1.2
1
0.8
0.6
0.4
0.2
0
2007
2008
2009
TABLE NO -3.10
Interpretation:
The working capital turnover ratio of the Sugar Company during the year 2008
is high (i.e., 1.10) times while compared to the working capital turnover ratio of other
years. This high ratio indicates efficient utilization of working capital.
JGFGC Basavapattana
Net worth
Proprietary
ary ratio
ra =
Total Asset
Year
Net worth
Total Asset
Ratio
2007
3702.59
1650.11
2.24
2008
4010.11
1613.51
2.48
2009
4368.71
1686.00
2.59
2.6
2.5
2.4
2.3
2.2
2.1
2
2007
2008
TABLE NO -3.11
JGFGC Basavapattana
2009
JGFGC Basavapattana
JGFGC Basavapattana
Growth is the main objective or goal of any organization & the organization will be
frequently working on it.
The government plays an important role in framing policies & procedures for sugar
industry.
Each and every department is interlinked & acts as a source of information to one
another.
The company has a separate department called cane development department where
farmers are encouraged by giving loans to grow more & more sugarcane.
5.3 SUGGESTION:-The following are few suggestion offered to the Sugar Company for
improving its performance.
1) The company should raise the funds through issuing the equity share capital,
preference share capital, debentures, bonds and other sources of finance.
2) The sugar Company should improve its short term solvency position by investing
more and more in current assets.
JGFGC Basavapattana
5) The company can reduce the loss by reducing the certain position of cost of goods
sold.
6) While upgrading the technology the company needs or require the fund so the
government should provide the fund for the development of the company.
7) Sugar Company should take the effective barriers to reduce the competition.
9) While observing the balance sheets it clearly shows that there is existence of sundry
debtors. It means the company sells the goods on credit basis. Credit
Credi sales are
inevitable, but future is uncertain. So the company should improve its collection
policy.
10) It is very important for the company to control and managed the inventory in an
effective manner. The company should make an investment in inventories. The
company should try to reduce the holding period of the stock.
5.4 CONCLUSION:
Sugar industry a seasonal, agro-based
agro based industry occupies an important place in
the economy. It has an immense potential for transforming the rural economy into
JGFGC Basavapattana
When such is the case, safety and welfare measure observed in the industries have an
important role to play in the development of the industries.
DAVANGERE SUGAR COMPANY LIMITED has made great efforts after its
privatization and succeeded in market from past 36 years and it is frequently working
on its objective that is growth, as DSCL believes growth as the success of the
organization.
JGFGC Basavapattana
NEWS PAPER
Nagar vane local news paper on 14/06/2008
Prajavani news paper on 13-09-2009
13
LIST OF WEBSITES
Www.sugar.co.in
www.dscl.co.in
www.indiansugar.co.in
LINKS
http://www.processregister.com/Davangere_Sugar_Co_Ltd/Supplier/sid2
2751.htm
Last Accessed 13-04
04 2010
http://business.mapsofindia.com/sugar industry/karnataka.html
http://business.mapsofindia.com/sugar-industry/karnataka.html
Last Accessed 06-05
05-2010
http://www.karnataka.com/industry/sugar
Last Accessed 19-05
05-2010
http://www.projectsmonitor.com/detailnews.asp?newsid=5869
Last Accessed 11-06
06-2010
JGFGC Basavapattana
http://www.gorecroot.com/hiring/India/Davangere
http://www.gorecroot.com/hiring/India/Davangere-Sugar-Co-LtdLast Accessed 14-08
08-2010
JGFGC Basavapattana
AS AT
31.03.2008
31.03.2007
DOMESTIC SALES
37,45,41,049.66
59,64,74,504.28
EXPORTS
9,97,30,250.00
18,41,06,650.00
2. POWER
47,69,10,124.80
43,17,06,571.00
3. MOLASSES SALES
3,08,98,630.00
3,54,87,501.00
55,82,731.50
4,89,82,670.20
98,76,62,785.96
1,29,67,57,896.48
CANE PURCHASED
52,88,49,841.00
31,08,59,217.00
2,77,13,381
1,40,51,071.26
1,84,46,384.96
1,98,66,885.53
2.03
8,62,42,224.78
6,39,16,100.42
2.04
1,34,95,787.48
2,50,31,439.15
2.05
0.00
74,77,149.08
SCHEDULE
1.SUGAR
4 OTHER INCOME
2.01
TOTAL
EXPENDITURE
SUGAR UNIT:
EXP
MANUFACTURING
EXPENSES
ADMINISTRATIVE
EXPENSES
RAW SUGAR CON
JGFGC Basavapattana
&
DISTRUBUTION 2.06
3,44,51,852.75
1,10,45,549.07
5,86,53,665.29
6,13,29,090.64
EXPENSES
FINANCIAL CHARGES
2.08
1,43,377.00
CO-GEN UNIT:
CONSUMPTION OF COAL
19,68,94,627.40
26,61,36,962.05
FINANCIAL CHARGES
2.08
5,40,59,769.00
5,48,11,390.80
DECREASE(+) /INCREASE(-)
/INCREASE( IN
2.07
1,96,70,692.43
1,65,60,384.53
-21,36,15,036.00
21,36,15,036.00
29,01,61,403.00
TOTAL
82,50,06,567.09
1,14,12,46,642.53
16,26,56,218.87
15,55,11,253.95
10,03,79,109.99
10,07,65,618.96
6,22,77,108.88
5,47,45,634.99
MAT
70,55,996.44
45,82,293.28
3,13,073.36
1,32,666.00
PAT
5,49,08,039.08
5,00,30,675.71
27,27,007.31
3,60,98,317.26
FINISHED
GOODS
&
BY
PRODUCTS
LESS:
1.05
TOTAL DEPRECIATION
OPBPT
LESS:
ADD:
DEFERRED
INCOME
JGFGC Basavapattana
TAX
ON
5,21,81,031.77
8,61,28,992.97
-5,10,84,345.96
5,10,84,345.96
-13,72,13,338.93
10,96,685.81
-5,10,84,345.96
SCHEDULE
AS AT 31.03.2008
AS AT 31.03.2007
1.01
36,85,64,570.00
33,89,09,940.00
1.02
3,24,46,432.46
3,13,49,746.65
40,10,11,002.46
37,02,59,686.65
SHARE
HOLDERS
CAPITAL
B. RESERVES & SURPLUS
TOTAL A
2)LOAN FUNDS:
A. SECURED LOAN
1.03
1,20,13,35,441.89
1,30,46,23,164.25
B. UNSECURED LOAN
1.04
1,11,72,819.96
1,11,19,677.96
TOTAL B
1,21,25,08,261.85
1,68,60,02,528.86
TOTAL (A+B)
1,61,35,19,264.31
1,68,60,02,528.86
APPLICATIONS OF FUNDS:
1.FIXED ASSETS:
A. GROSS BLOCK
JGFGC Basavapattana
1.05
1,23,05,00,985.61
1,04,44,28,682.10
C. NET BLOCK
48,29,51,456.50
38,25,72,346.51
D. CAPITAL W.I.P
74,75,49,529.11
66,18,56,335.59
6,57,57,253.17
19,08,72,768.50
81,33,06,782.28
85,27,29,104.09
1.06
5,35,900.00
5,35,900.00
1.07
43,98,97,606.92
13,45,69,762.44
1.08
20,02,95,265.17
34,09,54,491.46
1.09
9,59,93,775.54
2,43,57,261.29
1.10
11,77,52,950.11
27,73,78,683.17
85,39,39,597.74
77,72,60,198.36
14,49,35,718.51
9,65,00,714.66
70,90,03,879.23
68,07,59.483.70
5,73,01,392.85
6,47,95,377.85
TOTAL C
1. INVESTMENTS
TOTAL D
4.CURRENT
ASSETS,
LOAN&ADVANCES:
ADVANCES:
A. INVENTORIES
B. SUNDRY DEBTORS
C. CASH & BANK BAL
D. LOANS ADVANCES
TOTAL E
LESS:
CURENT LIABILITIES &
PROVISION:
PROVISIONS TOTAL F
NET
CURRENT
1.11
ASSETS(E-F)
DEFERRED
REV
EXP
H
DEFERRED TAX ASSET
JGFGC Basavapattana
TOTAL ( C+D+G+H+I+J)
3,33,71,309.95
3,60,98,317.26
0.00
5,10,84,345.96
1,61,35,19,264.31
1,68,60,02,528.86
SCHEDULE
AS AT
AS AT
31.03.2009
31.03.2008
72,58,62,806.20
37,45,41,049.66
6,89,86,550.00
9,97,30,250.00
2. POWER
42,07,02,266.40
47,69,10,124.80
3. MOLASSES SALES
1,27,39,836.00
3,08,98,630.00
1.SUGAR
DOMESTIC SALES
EXPORTS
4 OTHER INCOME
2.01
TOTAL
63,86,448.95
55,82,731.50
1,23,46,77,907.95
98,76,62,785.96
58,17,00,763.00
52,88,49,841.00
57.40,710.00
2,77,13,381
EXPENDITURE
SUGAR UNIT:
CANE PURCHASED
CANE PURCHASE TAX
CANE PROCUREMENT & DEV 2.02
1,73,62,738.31
1,84,46,384.96
2.03
10,06,19,886.51
8,62,42,224.78
2.04
1,56,56,050.91
1,34,95,787.48
EXP
MANUFACTURING
EXPENSES
ADMINISTRATIVE
JGFGC Basavapattana
&
2.05
DISTRUBUTION 2.06
0.00
58,71,146.53
3,44,51,852.75
8,42,08,069.22
5,86,53,665.29
EXPENSES
FINANCIAL CHARGES
2.08
1,43,377.00
CO-GEN UNIT:
CONSUMPTION OF COAL
18,07,26,782.00
19,68,94,627.40
FINANCIAL CHARGES
2.08
4,40,41,807.00
5,40,59,769.00
DECREASE(+) /INCREASE(-)
/INCREASE( IN
2.07
2,47,81,260.49
1,96,70,692.43
+3,58,79,023.00
-21,36,15,036.00
TOTAL
1,09,92,88,236,97
82,48,63,190.09
13,53,89,670.58
16,26,56,218.87
10,54,31,593.83
10,03,79,109.99
2,99,58,076.75
6,24,20,485.88
MAT
34,57,848.06
70,55,996.44
4,22,265.35
3,13,073.36
PAT
2,60,77,963.34
5,49,08,039.08
97,82,681.49
27,27,007.31
NET PROFIT
3,58,60,644.83
5,21,81,031.77
10,96,685.81
-5,10,84,345.96
3,96,57,330.64
10,96,685.81
FINISHED
GOODS
&
BY
PRODUCTS
LESS:
1.05
TOTAL DEPRECIATION
OPBPT
LESS:
ADD:
DEFERRED
TAX
ON
INCOME
JGFGC Basavapattana
SCHEDULE
AS AT 31.03.2009
AS AT 31.03.2008
1.01
36,85,64,570.00
36,85,64,570.00
1.02
6,83,07,077.29
3,24,46,432.46
43,68,71,647.29
40,10,11,002.46
1,20,13,35,441.89
TOTAL A
2)LOAN FUNDS:
A. SECURED LOAN
1.03
1.20,21,19,191.27
B. UNSECURED LOAN
1.04
1,11,19,677.96
1,11,72,819.96
TOTAL B
1,21,32,38,869.23
1,21,25,08,261.85
TOTAL (A+B)
1,65,01,10,516.52
1,61,35,19,264
B. DEP TO DATE
1,32,25,99,159.77
1,23,05,00,985.61
C. NET BLOCK
58,83,83,050.33
48,29,51,456.50
D. CAPITAL W.I.P
73,42,16,109.44
74,75,49,529.11
1,74,16,362.28
6,57,57,253.17
75,16,32,417.72
81,33,06,782.28
APPLICATIONS OF FUNDS:
1.FIXED ASSETS:
A. GROSS BLOCK
1.05
TOTAL C
1.07
45,21,28,310.14
43,98,97,606.92
B. SUNDRY DEBTORS
1.08
23,98,48,063.29
20,02,95,265.17
1.09
4,63,02,992.81
9,59,93,775.54
1.10
26,33,97,549.85
11,77,52,950.11
1,00,16,76,916.09
85,39,39,597.74
TOTAL E
3. INVESTMENTS
TOTAL D
JGFGC Basavapattana
1.06
5,35,900.00
5,35,900.00
LIABILITIES
&
PROVISION:
PROVISIONS TOTAL F
1.11
19,77,81,345.58
14,49,35,718.51
80,38,95,570.51
70,90,03,879.23
5,08,92,582.85
5,73,01,392.85
4,31,53,991.44
3,33,71,309.95
TOTAL ( C+D+G+H+I+J)
JGFGC Basavapattana
0.00
1,65,01,10,516.52
1,61,35,19,264