8/8/2019 Balance Sheet of Gitanjali Gems

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Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Sources Of Funds

Total Share Capital 59.00 59.00 85.06 85.06 84.27

Equity Share Capital 59.00 59.00 85.06 85.06 84.27

Share Application Money 0.00 45.07 31.20 31.20 0.00

Preference Share Capital 0.00 0.00 0.00 0.00 0.00

Reserves 649.46 699.94 1,697.70 1,806.56 1,951.73

Revaluation Reserves 0.00 0.00 0.00 0.00 12.28

Networth 708.46 804.01 1,813.96 1,922.82 2,048.28

Secured Loans 479.84 596.75 745.91 900.11 1,269.74

Unsecured Loans 1.24 486.66 297.42 375.70 331.69

Total Debt 481.08 1,083.41 1,043.33 1,275.81 1,601.43

Total Liabiliti es 1,189.54 1,887.42 2,857.29 3,198.63 3,649.71

Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Application Of Funds

Gross Block 32.21 41.80 62.95 61.46 74.21

Less: Accum. Depreciation 11.86 13.85 17.28 21.09 24.27

Net Block 20.35 27.95 45.67 40.37 49.94

Capital Work in Progress 0.26 1.53 0.79 9.54 9.95

Investments 23.54 147.08 595.44 838.52 898.52

Inventories 160.80 374.31 510.60 758.11 789.24

Sundry Debtors 830.86 1,011.91 1,252.44 1,589.97 1,820.02

Cash and Bank Balance 37.50 48.57 47.96 35.17 17.72

Total Current Assets 1,029.16 1,434.79 1,811.00 2,383.25 2,626.98

Loans and Advances 103.81 426.91 445.89 556.14 621.66

Fixed Deposits 344.68 452.68 861.55 203.46 116.90

Total CA, Loans & Advances 1,477.65 2,314.38 3,118.44 3,142.85 3,365.54

Deffered Credit 0.00 0.00 0.00 0.00 0.00

Current Liabilities 307.25 565.49 847.24 772.99 605.55

Provisions 25.00 38.04 55.81 59.64 68.67

Total CL & Provisions 332.25 603.53 903.05 832.63 674.22

Net Current Assets 1,145.40 1,710.85 2,215.39 2,310.22 2,691.32

Miscellaneous Expenses 0.00 0.00 0.00 0.00 0.00

Total Assets 1,189.55 1,887.41 2,857.29 3,198.65 3,649.73

Contingent Liabilities 25.00 36.36 129.51 282.87 1,422.84

Book Value (Rs) 120.08 128.64 209.58 222.38 241.60

Balance Sheet of Gitanjali Gems ------------------- in Rs. Cr. -------------------

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Last Price Market Cap.(Rs. cr.)

Sales

Turnover

Net Profit Total Assets

Rajesh Exports 120.55 3,429.42 18,511.35 193.41 3,230.49Gitanjali Gems 198.20 1,670.23 3,354.97 142.09 3,649.73

Shree Gan Jewel 196.15 1,190.29 - - 885.68Su-raj Diamonds 54.50 364.30 3,042.81 67.74 1,301.96Shrenuj and Co 44.90 341.17 1,035.22 15.51 1,047.71

Thangamayil 170.20 233.51 - - 144.86

Goenka Diamond 72.25 229.03 536.84 41.18 172.13Renaissance Jew 77.15 147.20 669.44 20.35 348.22

Goldiam Inter 41.25 102.90 59.35 5.11 154.86Vaibhav Gems 23.05 73.06 121.52 2.14 509.09

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Ratio

Key Financial Ratiosof Gitanjali Gems

------------------- in Rs. Cr. -------------------

Mar'06

Mar '07 Mar '08 Mar '09 Mar '10

Investment Valuation Ratios

Face Value 10.00 10.00 10.00 10.00 10.00

Dividend Per Share 1.00 1.50 1.80 1.80 2.00

Operating Profit Per Share (Rs) 15.39 20.09 20.97 24.43 30.16

Net Operating Profit Per Share (Rs) 274.80 376.16 312.06 316.71 398.12

Free Reserves Per Share (Rs) 110.08 118.64 199.58 212.38 --

Bonus in Equity Capital 52.28 52.28 36.26 36.26 36.26

Profitability Ratios

Operating Profit Margin(%) 5.60 5.34 6.71 7.71 7.57

Profit Before Interest And Tax Margin(%) 5.48 5.23 6.58 7.55 7.45

Gross Profit Margin(%) 3.87 4.52 6.59 7.55 7.45

Cash Profit Margin(%) 3.06 3.76 5.33 4.87 4.35

Adjusted Cash Margin(%) 3.06 3.76 5.33 4.87

Net Profit Margin(%) 2.94 3.67 5.20 4.70 4.23

Adjusted Net Profit Margin(%) 2.95 3.67 5.20 4.70

Return On Capital Employed(%) 7.54 6.64 6.13 6.36 6.86

Return On Net Worth(%) 6.75 10.19 7.74 6.70 6.93

Adjusted Return on Net Worth(%) 6.76 10.79 7.74 6.70

Return on Assets Excluding Revaluations 3.14 128.64 209.58 222.38 243.06

Return on Assets Including Revaluations 3.14 128.64 209.58 222.38 243.06

Return on Long Term Funds(%) 12.63 10.06 8.43 8.97 6.86

Liquidity And Solvency Ratios

Current Ratio 1.14 1.29 1.30 1.19 4.99

Quick Ratio 3.96 3.21 2.89 2.86 3.82

Debt Equity Ratio 0.68 1.43 0.59 0.67 0.78

Long Term Debt Equity Ratio -- 0.64 0.17 0.20 0.78

Debt Coverage Ratios

Interest Cover 3.12 4.72 9.86 4.49 2.48

Total Debt to Owners Fund 0.68 1.43 0.59 0.67 0.78

Financial Charges Coverage Ratio 2.59 3.78 6.70 2.86 2.52

Financial Charges Coverage Ratio Post Tax 2.40 3.49 6.30 2.81 2.44

Management Efficiency Ratios

Inventory Turnover Ratio 10.09 5.95 5.20 3.56 4.25

Debtors Turnover Ratio 2.27 2.41 2.34 1.90 1.97

Investments Turnover Ratio 10.12 5.94 5.20 3.56 4.25

Fixed Assets Turnover Ratio 107.17 88.64 42.17 43.84 39.87

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