Chapter - 2

Industry Profile
Developments
Hyundai Motor India Engineering (HMIE) is a fully owned subsidiary
of Hyundai Motor Company, South Korea, which has set up the R&D
Centre in Hyderabad. HMIE is a centre with one of the most
advanced research and development facilities which focuses on
state of the art product and design engineering and rigorous quality
enhancement. The new R&D Centre at Hyderabad in India is
Hyundai Motor Companys fourth overseas R&D centre.
Set up with an investment of Rs. 184 crores, the new 200,000
square-foot facility R&D Centre, is aimed at further accelerating
local content development and enable Hyundai to respond even
more quickly to changing customer needs across the world. The
R&D Centre will further facilitate the development of India as
Hyundais global hub for manufacturing and engineering of small
cars. The new R&D Centre in Hyderabad will support all back-end
operations like computer aided engineering (CAE), computer aided
design (CAD) and help the R & D work taking place across Hyundais
car line-up.

The R&D Centre will help in developing vehicles which

includes their styling, design engineering and vehicle test &

evaluation. The R&D Centre will play a pivotal role for cars
manufactured in India inorder to satisfy the specific needs of the
Indian customers.
Hyundai Motor Companys other overseas R&D centres are located
in the United States, Germany, Japan & Korea.

Quality Management
It is Hyundai Motor Companys philosophy that adhering to the
highest quality is its most important promise to its customers.
This promise is kept through Quality Way, a policy that aims
for the development and production of zero defect vehicles,
which has resulted in the Company taking top honors in 2009
J.D. Power studies, beating Toyota in the overall brand ranking.
Hyundai

Motor

plans

to

continue

reinforcing

quality

management with its vision for GQ33553rd place in global

standing for actual quality within 3 years and 5th place in
global standing for perceived quality awareness within 5 years.
Hyundai Motor Company, Making Your Dreams Come True

R&D Centers, Base Camp for Becoming a Global Leader

Namyang R&D Center, Korea I Located in Hwaseong, Gyeonggi
Province, theNamyang R&D Center is a comprehensive, world-class
technology research complex equipped with planning, design, and
powertrain centers as well as wind tunnel, crash, and driving test
facilities. Approximately 8,000 researchers are working around the
clock at the center to develop the best automobiles in performance,
quality,

and

eco-friendliness.

Eco-Technology Research Institute, Korea I Located in Yongin,

Gyeonggi Province, the Mabuk Environment Technology Center is
focused on technologies that will pioneer tomorrows environmentfriendly automobile industry, including the development of next
generation

eco-friendly

vehicles

including

fuel

cell

vehicles,

automobile recycling and clean manufacturing technologies.

2

Central Advanced Research & Engineering Institute, Korea I Located

in Uiwang, Gyeonggi, Central Advanced Research & Engineering
Institute was established to develop new growth and pioneering
technologies for the future, focusing on research in the fields of
environment, energy, intelligent safety, and human convenience, as
well as basic research in advanced materials and new interpretive
technologies. America Technical Center I With its headquarters in
Ann Arbor, Michigan and a technical center and driving test course
in California, the state-of-the-art R&D Center in the US oversees the
technical development of automobile technologies for the US
market.
Europe Technical Center I Located in Frankfurt, Germany, the Europe
Technical Center is a state-of-the-art, multi-functional multiplex
building situated on 33,058 m2 of land. It is equipped with an
engineering center which develops high quality automobiles and
engines for the European market and its strict environmental
regulations.
Japan R&D Center I Located in Chiba, Japan, the Japan R&D Center
focuses its research on developing and securing cutting-edge,
pioneering technologies including the latest electronic and hybrid
technologies.
India Engineering Center I Located in Haidrabad, Indias IT capital,
the India Engineering Center actively supports the design and
interpretation of automobiles that are adapted to local needs.
Design Centers, Global Trendsetters
Namyang Design Center I Equipped with state-of-the-art facilities
including a visual exhibition room, interior exhibition room, CAVE
system, and supercomputers, Namyang Design Center houses
around 400 top designers who create global trends through exterior

and interior styling for cars, computer-aided digital modeling, and

the development of new colors.
America Design Center I Located in Irvine, California, the America
Design Center is a state-of-the-art design facility situated on 33,058
m2 of land with a total building area of 9,917 m2 where top
designers quickly analyze and respond to the tastes of American
consumers to develop designs suited for the US market.
Europe Design Center I In partnership with the Europe R&D Center,
the Europe Design Center plays a key role in developing designs
suited to the needs and lifestyles of European consumers as well as
developing high quality automobiles.
Proving

Grounds,

Providing

Stringent

Scientific

Testing

Ulsan and Namyang R&D Center Proving Grounds, Korea I The first
proving ground in Korea, the Ulsan Proving Ground has a high speed
oval track and 19 types of road surfaces on a total surface area of
660,000 m2. The Namyang R&D Center Proving Ground enjoys
world-class facilities, including a total of 70 km of tracks that consist
of 34 road surfaces, such as Belgian and low-friction roads, and a
4.5 km high speed oval track, all spread over an area of 1,650,000
m2.
California Proving Ground, US I The California Proving Ground
located in Californias Mojave Desert sprawls over a total of
17,520,740 m2 and cost US$ 60 million to develop. About 10 times
the size of the comprehensive test course at the Namyang R&D
Center, it boasts a total distance of 116 km in tracks, with its largest
high speed track being a 10.4 km oval shaped three-lane track that
can accommodate vehicles traveling at a maximum speed of 250
km/hr. It is used for high-speed driving and durability tests including
maximum speed-per-hour tests.

Hyundai Development Company is a South Korean company

involved mainly in architectural and civil engineering. It engages in
the construction of residential apartments and housing complexes;
civil engineering projects, including expressways, ports, railways,
and power plant projects; and architectural works consisting of
workplaces,

industrial,

commercial,

cultural,

educational,

and

medical facilities, as well as office buildings, stadiums, shopping

malls, and boutique hotels. The company was established in 1976 as
a part of Hyundai Group, but has since become independent. As of
December 2010, the company has approximately 1,900 employees
and 22 subsidaries including IPark Mall, Hotel IPark, IService and
HDC Asset Management.

Hyundai and Kia together have R&D centres in the United

States, Europe, Japan apart from the global R&D headquarters at
Ulsan,

Korea.

The Hyundai Motor Group has recently dedicated an annual

R&D spend of close to US$ 2 Billion, up from US$ 1.2 Billion to
enhance its thrust on new product development and achieve global
quality benchmarks by year 2005. This includes the $30 Mn
Hyundai-Kia Design and Technical Center in Irvive, California.

The R&D team focuses on the development of new products

and technologies that include interior and exterior design changes,
development of new generation engines and alternate fuel systems,
concept vehicles and advanced passenger safety and comfort

systems, in line with evolving customer preferences across the

globe. Recent successes of the team include the development of the
Hyundai patented Common Rail Direct Injection (CRDi) engine in
association with Detroit Diesel and the award winning Fuel Cell
Santa FE.

Some of the ongoing projects that the Hyundai R&D team is

involved in include the development of the 'World Engine' in
association

with

Daimler

Chrysler

and

Mitsubishi

and

the

development of Automotive Telematics in association with IBM.

That the efforts of the Hyundai R&D team has paid great
dividends to the company is evident from the fact that the
company's newly engineered products like the Santa Fe and the
Getz have made waves in the global automotive markets and the
'US Consumer Reports' magazine has ranked Hyundai cars in level
with that of Honda in its recent quality rankings
Production

The production management processes at Hyundai Motor

India are overlayed with an organization-wide implementation of
manufacturing

best

practices

like

Just-in-time

inventory

management, Kaizen, TPM and TQM, that help us in making the

world's best cars, right here in India.

The Press Shop

A computer controlled line that converts sheet metal to body
panels of high dimensional accuracy and consistency.
6

The Body Shop

A hi-tech line that builds full body shells from panels.
Automated robotic arms are used for intricate welding operations
that ensure superior and consistent build quality.

The Paint Shop

This is one of the most modern paint shops in the country and
uses the environment friendly water based process for superior and
lasting exteriors. A unique process management system followed
here helps us deliver the most extensive colour range, independent
of minimum batch requirements, helping customers get their
preferred colour anytime.

The Aluminum Fondry

Forges the engine cylinder blocks for our cars to exacting
design specifications.

The Engine and Transmission Shop

One of the biggest engine shops in the country, this unit is
equipped with the most modern tooling and testing facilities to
make a wide range of engines inhouse.

The Plastic Extrusion Unit

Moulds the dashes, bumpers and other plastic components to
perfect fit and finish.
The Plastic Paint Shop
One of the very few manufacturing units in India to have this
facility in-house, Hyundai's plastic paint shop delivers a high grade
finish on exterior plastic components.

The Test Track

With comprehensive performance testing facilities like rattle
testing and ABS brake testing, this track is designed to meet predelivery (PDI) certification standards to exacting Euro specifications.

Other Plant Pictures

8

Assembly Line

Pre Delivery Inspection

Wheel Alignment Calibartion

History of Company
Hyundai Motor India Limited (HMIL) is a wholly owned
subsidiary of Hyundai Motor Company, South Korea and is the
largest

passenger car exporter

and the second largest

car

manufacturer of India. HMIL presently markets 54 variants of

passenger cars across segments. These includes the Santro in the B
segment, the Grand Grand i10, the Getz Prime & the premium
hatchback i20 in the B+ segment, the Accent and the Verna in the C
9

segment, the Sonata Transform in the E segment and the Tucson in

the SUV segment.
Hyundai Motor India Ltd, continuing its tradition of being the
fastest growing passenger car manufacturer, registered total sales
of 559,880 vehicles in the calendar year (CY) 2009, an increase of
14.4 percent over CY 2008. In the domestic market it clocked a
growth of 18.1 percent as compared to 2008 with 289,863 units,
while overseas sales grew by 10.7 percent, with export of 270,017
units. HMIL currently exports cars to more than 110 countries across
EU, Africa, Middle East, Latin America and Asia. It has been the
number one exporter of passenger car of the country for the sixth
year in a row.
HMIL's fully integrated state-of-the-art manufacturing plant
near Chennai boasts of the most advanced production, quality and
testing capabilities in the country. In continuation of its commitment
to provide the Indian customer with global technology, HMIL
commissioned its second plant in February 2008 which produces an
additional 300,000 units per annum, raising HMIL's total production
capacity to 600,000 units per annum.
HMIL has invested to expand capacity in line with its
positioning as HMC's global export hub for compact cars. Apart from
the expansion of production capacity, HMIL currently has 286 strong
dealer network and 540 strong service points across India, which will
be

further

bolstered

in

2010.

In December 2008, HMIL launched the much awaited premium

compact the i20 after it had a global preview at the Paris Motor
Show in October, 2008. In 2009, HMIL also launched the new facelift
Sonata Transform and the new Verna which are vastly improved
models compared to the outgoing models. In March, 2009 Hyundai

10

Grand Grand i10 clocked the fastest 3 lakh sales since its launch in
October, 2007. HMIL also became the only car manufacturer to
introduce Automatic transmission across segments with the launch
of the i20 1.4 Litre Petrol Automatic. The i20 also simultaneously got
a powerful 1.4 Litre CRDi engine in July 2009. The i20 achieved the
highest safety rating by the European NCAP. In September 2009,
HMIL introduced the new refurbished Santro with luxurious interiors
and improved exterior features. The Santro has been the highest
selling model for Hyundai with more than 15 Lakhs units sold since
its launch in India in 1998. Hyundai Motor India in December 2009
also crossed the 25 Lakh car production milestone.
Hyundai Motor India remains one of the fastest growing car
manufacturers in the country. The companys overall performance in
the automobile sector was recognized by the media as it was
awarded with the prestigious Manufacturer of the Year award by
both UTVi Autocar Car and NDTV Profit-Car & Bike in 2009
Foundation of Hyundai Motors

At Hyundai Motor India, corporate social responsibility is a

commitment integrated into the philosophy of the organization. We
are committed towards collective excellence, and believe in the core
philosophy that the Industry cannot sustain without giving back to
the Civil Society that drives its sustenance. Hence, philanthropy at
Hyundai is not just about funding initiatives towards public welfare,
but is a concerted effort by all members of the company including
investment of one's time, experience, expertise and labour to drive
continuous and sustainable development. On April 10, 2006, this
continuing commitment has led to the charter of the Hyundai Motor
India Foundation (HMIF).

11

The objective of this trust is to address the expectations of

society and to initiate the concrete steps to extend support in the
field

of

Health

Care,

Educational

and

Vocational

training,

Environment, Road Safety, Art, Science and Technology and much

more.
The first trustees of HMIF are Managing Director, HMIL,
President, HMIL, Executive Director (Administration), HMIL and Legal
Advisor, HMIL. The trust will get the direct funding from Hyundai
Motor India (HMI) only. In addition to this HMI plan to contribute Rs
100/- of each car sale to HMIF funds.
The first contribution of HMIF amounting Rs 35,00,000 has
been handed over to Dr S. P Tyagarajan, Vice-Chancellor - University
of Madras, for the preservation of the Senate House of the
University.
On April 13, 2006, HMIF also donated a Hyundai Accent car to
Care Foundation. Care Foundation is a non-profit Society engaged in
providing Health Care to people from economically weaker section
of the society and those living in rural areas and developing cost
medical products. The keys of the Hyundai Accent were handed over
by Mr H S Lheem, Managing Director, HMIL to Prof. B. Soma Raju, a
renowned Cardiologist and the Chairman and Managing Director of
Care Hospitals.
The Hyundai Motor India family was overwhelmed when the
President of India, His Excellency Dr A.P.J. Abdul Kalam called upon
the companys management to congratulate and extend his best
wishes after the launch of the foundation.

12

Hyundai Motor India pays emphasis on education and overall

development of children and socially vulnerable groups. Besides
undertaking mentoring programs for children and youngsters from
low-income backgrounds, Hyundai has offered private financing of
educational infrastructure in remote areas, and has set up nightschools in the villages. The company has imparted job-oriented
training to unemployed youth of the village around its plants, and
has provided employment to the eligible people. As a company, we
believe empowerment to meet the needs is vital than donating
necessities.

Education

thus

forms

the

core

pillar

towards

empowerment.

Hyundai is committed to road-safety, and undertakes myriad

initiatives ranging from creating awareness to help implement road
discipline, besides producing cars that conform to the highest safety
standards to make the Indian roads safer. Hyundai Motor India, in
association with the Institute of Road Traffic Education and Delhi
Traffic Police, launched an innovative road safety programme called
"Hyundai Traffic Squad", a Student Traffic Volunteers Scholarship
Scheme to create road safety awareness and support Delhi Traffic
Police in improving Traffic Management System in Delhi.
Under the scheme, young college and university students
assist the police in traffic management for three hours during the
peak traffic hours besides educating the road users. The scheme
offers monthly stipend to 100 students, who are already selected for
the purpose under the banner "Hyundai Traffic Squad."
The Scheme comprises Physical training and Classroom
training. Traffic drill, hand signaling and practical control of traffic at
intersections are taught in the physical training to the volunteering
students. In the classroom-training programme, the students are
13

imparted knowledge about traffic control devices, road geometric

and environmental features, laws of the road, types of road users,
administering the First Aid and post-accident management etc.

Hyundai Corporate Philosophy

14

The 5 core values we have defined as part of our new corporate

philosophy are tents that have existed in us throughout our history,
and are principles that all employees promise to further foster in our
organization.

15

Awards

Verna gets the 'Sedan Of The Year 2011' Golden

Steering Award
Company

Of

HMIL gets the 'Automotive

the

Year

2011'

Golden

Steering

Award

Eon gets the 'Entry-Level Hatchback Of The Year'

at ET Zigwheels Awards 2011

HMIL gets the

'Best Car Manufacturer 2012' award by Motor Vikatan magazine

Hyundai i20 wins the Viewers Choice Award at the Overdrive

CNBC TV 18 Awards 2010.

Hyundai Motor India Ltd wins the award for Customer Service at
the Apollo Auto India Best Brand Awards 2010.

16

Hyundai i20 wins the Design of the Year award at the NDTV
Profit Car & Bike Awards 2010.

Hyundai Grand Grand i10 brand ambassador Shahrukh Khan wins

the Brand Ambassador of the Year award at NDTV Profit Car &
Bike Awards 2010.

Hyundai Motor India Ltd. receives the EEPC National Award for
Export Excellence for 2007-08. Hyundai won the Gold Trophy in
the Large Enterprise category.

Hyundai i20 awarded 'Five Star Rating' for Safety by European

New Car Assessment Programme (NCAP)

Hyundai wins the DHL-CNBC Tv18 International Trade Awards

2008-09

Hyundai Motor India honoured with the EXIM Achieved Award for
the year 2008 by Tamil Chamber of Commerce.

Hyundai Motor wins the Manufacturer of the Year award at the

NDTV Profit Car & Bike Awards 2009.

Hyundai i20 awarded the 'Family Hatch of the Year- 2008' at the
Top Gear Auto Awards.

17

Hyundai Motor India wins the Highest Resale Value award at

the Apollo Tyres Auto India Best Brand Survey Awards for the
year 2008.

Hyundai Motor India was named the Manufacturer of the Year

award and the 'Best Variant' award for its i-10 Kappa engine
at the UTVi Autocar Awards 2009.
Hyundai Motor India was awarded the Niryat Shree Silver
Trophy for the year 2005-06 by the Federation of Indian Export
Organizations (FIEO). The award was conferred for Hyundais
outstanding performance in export in the Engineering and
Metallurgical products under the Non-SSI category.

Chapter - 3
Company Profile
18

Managing Director & CEO

Hyundai Motor India Limited
Mr. Han Woo Park joined Hyundai Motor Company in Seoul, South
Korea, in 1982 in the finance department and ever since he has
been involved with costing, auditing and the financial operations of
the company.

He joined Hyundai Motor India Limited in 2003 as the Chief Financial

Officer and since then he has played a pivotal role in HMIL as he was
involved in all aspects of the company in his capacity as a CFO.

Mr. Park has a vast experience and understanding of Hyundai Motor

India Ltd and the Indian culture and has successfully led his team for
the last seven years. Mr. Park holds a degree in Business
Administration from the University of Dankook in Seoul, South Korea.

Prior to his becoming the Managing Director of HMIL he held the

position of CFO and Senior Executive Director. Mr Park lives in
Chennai with his wife. He has two children, a son and a daughter.
The son is studying at University of Texas, Austin and the daughter
is studying at SUNY Buffalo. Mr Park was born in South Korea on
January 29, 1958.

Mr. H.W. Park

KEY EXECUTIVES FOR Hyundai Motor India Limited*
19

Name

Designation

H. W. Park

Chief
Executive
Officer,
Chief
Financial Officer, Managing Director
and Senior Executive Director of
Administration

V.D. Bhasin

Senior Vice-President of Sales

Arvind Saxena

Senior Vice President of Marketing &

Sales

M. Whoo

Head of R&d
Operations

and

Engineering

Social Responsibilities
Hyundai Motor India Foundation(HMIF)
HMIF was formed in the year 2006 with the purpose of 'giving back'
to society and to initiate Corporate Social Responsibility (CSR)
activities in the areas of health care, educational and vocational
training, environment, road safety, art, science, technology, etc.
HMIF gets its direct funding from HMIL's earnings as it contributes
Rs.100 for every car sold in the Indian market to enable HMIF to
carry out its social activities.

20

Happy Move
Hyundai Motor India Foundation (HMIF), as part of its Corporate
Social Responsibility program recently organises the 'Happy Move
Global Youth Volunteers camp'. As part of the initiative, students
from India and Korea are work together towards a common cause of
community development. The activities in the camp are focused on
education and renovation activities. The 'Happy Move Global Youth
Volunteers

Camp'

is

also

supported

by

Field

Services

and

Intercultural Learning (FSL), an Indian NGO India, and International

Workcamp Organisation (IWO), an NGO from Korea.

Hyundai Traffic Squad

Students Traffic Volunteer Scholarship Scheme is an initiative by
HMIF to sponsor the 'economically backward' college students and
also help in managing traffic better. A group of carefully chosen
students, after proper training by the local traffic police, work as
traffic marshals at busy intersections in conjunction with the traffic
police to control and manage traffic.

21

The students are paid a stipend for their efforts and this scheme is
successfully running in the cities of New Delhi, Chennai and Kolkata.
HMIL will further expand the scheme to other cities of India
Educational and Vocational Training Program
HMIL, under the aegis of HMIF is committed to the task of improving
conditions in local schools around Sriperumbudur as well as
nationally. At regular intervals it donates chairs, tables, computers
to the schools to create a better environment for educating children.
Till date, over 20,000 school students have benefited through this
program. HMIF has adopted ITI's in Assam and Ulundurpet to equip
them

with

latest

infrastructure

facilities

and

also

provides

employment opportunities to students who graduate from here.

Medical Camps for Neighbourhoods

HMIF conducts a number of free Medical Camps. Apart from this, the
Foundation

has

also

entered

into

an

agreement

with

Sri

Ramachandra Medical University for operating a Mobile Health Clinic

in villages between Poonamalee and Kanchipuram. The mobile clinic
will have a Medical Officer, Pharmacist, Nurse, Attendant and
maintain a regular supply of medicines. The van has a Satellite link
which enables it to be in direct contact with the hospital and get
assistance and advice even in the remotest of villages.

22

Hyundai Driving School

As part of skill development, driving school was started by HMIF to
train unemployed youth in Kancheepuram & Thiruvallur Dist.Three
batches (100) had been trained during 2009 and this will be an
ongoing programme.

Code of Conduct
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world but is intended for use only in India . The website contains
information regarding HMIL, its product range and promotional
programs. The HMIL vehicles described in this site relate only to
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promotional programs described in this site are available only in
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WARRANTY DISCLAIMER: HMIL makes every effort to ensure, but

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at any time without notice. While HMIL makes every effort to ensure

23

that any software to be downloaded from HMIL's website is free of

software virus, however it cannot guarantee that the software is free
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the actual specifics, it is therefore strongly recommended that you
contact your nearest HMIL dealer before making any decisions.

RESTRICTIONS ON USE: You are hereby granted a nonexclusive,

nontransferable, limited license to view and use information
retrieved

from

this

site

provided

solely

for

your

personal,

informational purposes and provided you do not remove or obscure

the copyright notice or other notices. Except as expressly provided
above, no part of this site, including but not limited to materials
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THIRD PARTY: To the extent that this website contain links to,
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resources offered by third parties, HMIL does not control the
24

availability and content of those outside services and resources. Any

concerns regarding any such services or resource, or any link
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HMIL's hyperlinking and inclusion of such websites does not imply
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25

employees, co-branders or other partners, and suppliers, from any

claim, demand, action, or damage, including reasonable attorney's
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Audit Report
Balance Sheet
Balance Sheet

------------------- in Rs. Cr. ------------------Mar '08 Mar '09 Mar '10 Mar '11 Mar '12

26

12 mths
Sources Of Funds
Total Share Capital
Equity Share Capital
Share Application
Money
Preference Share
Capital

12
mths

12
mths

12 mths 12 mths

353.00 361.79 382.87 385.41

353.00 361.79 382.87 385.41

385.54
385.54

3.83

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Secured Loans

3,236.7
7
0.00
3,593.6
0
942.65

Unsecured Loans

317.12

3,749.6 5,127.8
6,458.39 7,428.45
0
1
0.00
26.39 25.95
25.51
4,111.3 5,537.0
6,869.75 7,839.50
9
7
489.81 822.76 2,022.04 2,461.99
2,005.6 2,114.0
1,987.10 3,818.53
1
8
2,495.4 2,936.8
4,009.14 6,280.52
2
4
6,606.8 8,473.9 10,878.8
14,120.02
1
1
9
Mar '05 Mar '06 Mar '07 Mar '08

Reserves
Revaluation Reserves
Networth

Total Debt
Total Liabilities

1,259.7
7
4,853.3
7
Mar '04
12 mths

12
mths

12
mths

5,985.4
0
3,023.6
9
2,961.7
1

6,611.9 7,971.5
8,775.80 10,830.83
5
5
3,454.2 4,401.5
4,894.54 5,443.52
8
1
3,157.6 3,570.0
3,881.26 5,387.31
7
4

12 mths 12 mths

Application Of Funds
Gross Block
Less: Accum.
Depreciation
Net Block
Capital Work in
Progress

286.09 538.84 951.19 2,513.32 5,064.96

3,056.7
7
1,147.4
Inventories
4
Sundry Debtors
614.99
Cash and Bank Balance 472.56
2,234.9
Total Current Assets
9
1,302.8
Loans and Advances
6
Fixed Deposits
297.93
Investments

2,912.0 2,015.1
2,477.00 4,910.27
6
5
1,601.3 2,012.2
2,500.95 2,421.83
6
4
811.32 715.78 782.18 1,130.73
345.26 327.66 535.78 750.14
2,757.9 3,055.6
3,818.91 4,302.70
4
8
2,831.1 5,964.6
6,208.53 4,831.36
6
1
1,659.7 791.77 290.98 1,647.17
27

Total CA, Loans &

Advances
Deffered Credit
Current Liabilities
Provisions
Total CL & Provisions
Net Current Assets

3,835.7
8
0.00
4,878.5
3
430.64

8
7,248.8 9,812.0 10,318.4
10,781.23
8
6
2
0.00
0.00
0.00
0.00
6,142.7 6,673.6
6,956.88 10,040.37
4
1
1,126.0 1,215.0
1,364.32 1,989.43
6
4
7,268.8 7,888.6
8,321.20 12,029.80
0
5

5,309.1
7
1,923.4
1,473.3 -19.92
1,997.22 -1,248.57
1
9

Miscellaneous
Expenses

22.19

Total Assets

4,853.3 6,606.8 8,473.9 10,878.8

14,120.02
7
1
1
9

Contingent Liabilities

896.07

Book Value (Rs)

18.16

14.12

10.09

6.05

1,450.3 2,185.6
5,196.07 5,590.83
2
3
101.71 113.65 143.94 177.59 202.70

28

Profit & Loss Account

Profit & Loss account

------------------- in Rs. Cr. ------------------Mar '08 Mar '09 Mar '10 Mar '11 Mar '12
12 mths 12 mths 12 mths 12 mths 12 mths

Income
Sales Turnover
Excise Duty
Net Sales
Other Income
Stock Adjustments
Total Income

15,298.
47
2,270.3
0
13,028.
17

20,262.
61
3,063.4
4
17,199.
17

23,490.
55
3,401.9
2
20,088.
63

31,089.
69
4,425.4
4
26,664.
25
1,114.3
228.83 403.98 852.41
8
-141.98 144.00 256.91 349.68
13,115. 17,747. 21,197. 28,128.
02
15
95
31

33,093.93
4,355.63
28,738.30
763.78
-40.48
29,461.60

Expenditure
Raw Materials
Power & Fuel Cost
Employee Cost
Other Manufacturing
Expenses
Selling and Admin
Expenses
Miscellaneous
Expenses
Preoperative Exp
Capitalised
Total Expenses

8,578.1 12,245. 14,633.

2
28
02
214.52 237.81 258.51
1,039.3 1,143.1
882.49
4
3

19,879.
20,891.33
56
327.41 325.19
1,367.8
1,544.57
3

414.21 592.64 671.31 872.95 904.95

1,061.0 1,505.2
2,197.49
7
3
1,051.4
529.45 620.27 740.99
964.78
9
685.01 890.21

-144.89 -282.43 -308.85 -577.05 -1,131.40

11,158. 15,343. 18,199. 24,427.
25,696.91
91
12
18
42
Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

29

12 mths 12 mths 12 mths 12 mths 12 mths

2,000.0
5
2,404.0
PBDIT
3
Interest
234.30
2,169.7
PBDT
3
Depreciation
450.16
Other Written Off
67.12
1,652.4
Profit Before Tax
5
Extra-ordinary items
-1.54
PBT (Post Extra-ord
1,650.9
Items)
1
Tax
415.50
1,236.9
Reported Net Profit
810.34
5
2,580.7 3,097.8
Total Value Addition
9
4
Preference Dividend
0.00
0.00
Equity Dividend
282.11 452.19
Corporate Dividend Tax 36.14
63.42
Per share data (annualised)
3,529.5 3,617.5
Shares in issue (lakhs)
8
2
Earning Per Share (Rs) 22.96
34.19
Equity Dividend (%)
80.00
125.00
Book Value (Rs)
101.71 113.65
Operating Profit

1,727.2
8
1,956.1
1
225.96
1,730.1
5
382.60
51.64
1,295.9
1
-3.02
1,292.8
9
482.55

2,146.3
6
2,998.7
7
350.24
2,648.5
3
520.94
73.78
2,053.8
1
0.00
2,053.8
1
524.93
1,528.8
8
3,566.1
6
0.00
497.94
69.84

2,586.5
1
3,700.8
9
455.75
3,245.1
4
586.29
85.02
2,573.8
3
-0.07
2,573.7
6
660.37
1,913.4
6
4,547.8
6
0.00
578.07
98.25

3,828.3
4
39.94
130.00
143.94

3,853.7
4
49.65
150.00
177.59

3,000.91
3,764.69
471.56
3,293.13
652.31
64.35
2,576.47
0.00
2,576.47
547.55
2,028.92
4,805.58
0.00
578.43
81.25
3,855.04
52.63
150.00
202.70

30

Cash Flow
Cash Flow

------------------- in Rs. Cr. ------------------Mar '08 Mar '09 Mar '10 Mar '11 Mar '12
12 mths

Net Profit Before Tax

Net Cash From

810.34

12
mths
1236.9
5
1249.8

12 mths 12 mths 12 mths

1528.88 1913.46 2028.92

2717.53
-221.03
Operating Activities
2
Net Cash (used in)/from -956.57 -1.06
Investing Activities
2043.19
Net Cash (used in)/from
-149.20 940.67 -855.27
Financing Activities
Net (decrease)/increase
1233.9 In Cash and Cash
525.14
2
1077.36
Equivalents
Opening Cash & Cash
245.35 771.12 2196.79
Equivalents
Closing Cash & Cash
2005.0
770.49
1119.43
Equivalents
4

2210.13 6174.50
2805.10

-5721.86

303.58 1132.46

-291.39 1585.10

1118.15 806.21
826.76 2391.31

31

32