Ombay Dyeing

8/4/2019 Ombay Dyeing

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ombay Dyeing (full name: The Bombay Dyeing & Mfg. Co. Ltd., established 1879) is theflagshipcompany of theWadia

Group, engaged mainly into the business ofTextiles. Bombay Dyeing is one of India's largest producers of textiles.[1]

Its current chairman isNusli Wadia.[2]In March 2011, Jeh Wadia (36), the younger son of Nusli, has been named the

managing director of Wadia Group's flagship, Bombay Dyeing & Manufacturing Company, while the elder son, Ness (38)

has resigned from the post of joint MD of the company.[3]

Bombay Dyeing was often in the news, apart from other things, for various controversies surrounding its tussle with the

lateDhirubhai AmbaniofReliance Industries Limitedand withCalcuttabased jutebaronLate Arun Bajoria.[4]

Lackadaisical management has ensured that the company, which was ranked 68 in the Business India Super 100 list in

1997 has steadily lost ground and by 2010 ranked 300 in the ET 500 list.

The company sponsors many events, including Bombay Dyeing Gladrags Mrs. India contest.

(Rs crore)

Balance sheet

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

Sources of funds

Owner's fund

Equity share capital 38.61 38.61 38.61 38.61 38.60

Share application money - - 11.89 - -

Preference share capital - - - - -

Reserves & surplus 171.74 130.25 357.30 356.41 342.95

Loan funds

Secured loans 1,611.97 1,499.00 1,024.67 798.49 428.51

Unsecured loans 163.14 211.88 391.09 253.91 129.86

Total 1,985.46 1,879.74 1,823.56 1,447.42 939.92

Uses of funds
http://en.wikipedia.org/wiki/Flagshiphttp://en.wikipedia.org/wiki/Flagshiphttp://en.wikipedia.org/wiki/Flagshiphttp://en.wikipedia.org/wiki/Wadia_Grouphttp://en.wikipedia.org/wiki/Wadia_Grouphttp://en.wikipedia.org/wiki/Wadia_Grouphttp://en.wikipedia.org/wiki/Wadia_Grouphttp://en.wikipedia.org/wiki/Textileshttp://en.wikipedia.org/wiki/Textileshttp://en.wikipedia.org/wiki/Textileshttp://en.wikipedia.org/wiki/Bombay_Dyeing#cite_note-0http://en.wikipedia.org/wiki/Bombay_Dyeing#cite_note-0http://en.wikipedia.org/wiki/Bombay_Dyeing#cite_note-0http://en.wikipedia.org/wiki/Nusli_Wadiahttp://en.wikipedia.org/wiki/Nusli_Wadiahttp://en.wikipedia.org/wiki/Bombay_Dyeing#cite_note-1http://en.wikipedia.org/wiki/Bombay_Dyeing#cite_note-1http://en.wikipedia.org/wiki/Bombay_Dyeing#cite_note-1http://en.wikipedia.org/wiki/Bombay_Dyeing#cite_note-2http://en.wikipedia.org/wiki/Bombay_Dyeing#cite_note-2http://en.wikipedia.org/wiki/Bombay_Dyeing#cite_note-2http://en.wikipedia.org/wiki/Dhirubhai_Ambanihttp://en.wikipedia.org/wiki/Dhirubhai_Ambanihttp://en.wikipedia.org/wiki/Dhirubhai_Ambanihttp://en.wikipedia.org/wiki/Reliance_Industries_Limitedhttp://en.wikipedia.org/wiki/Reliance_Industries_Limitedhttp://en.wikipedia.org/wiki/Reliance_Industries_Limitedhttp://en.wikipedia.org/wiki/Calcuttahttp://en.wikipedia.org/wiki/Calcuttahttp://en.wikipedia.org/wiki/Calcuttahttp://en.wikipedia.org/w/index.php?title=Late_Arun_Bajoria&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Late_Arun_Bajoria&action=edit&redlink=1http://en.wikipedia.org/wiki/Bombay_Dyeing#cite_note-3http://en.wikipedia.org/wiki/Bombay_Dyeing#cite_note-3http://en.wikipedia.org/wiki/Bombay_Dyeing#cite_note-3http://en.wikipedia.org/wiki/Bombay_Dyeing#cite_note-3http://en.wikipedia.org/w/index.php?title=Late_Arun_Bajoria&action=edit&redlink=1http://en.wikipedia.org/wiki/Calcuttahttp://en.wikipedia.org/wiki/Reliance_Industries_Limitedhttp://en.wikipedia.org/wiki/Dhirubhai_Ambanihttp://en.wikipedia.org/wiki/Bombay_Dyeing#cite_note-2http://en.wikipedia.org/wiki/Bombay_Dyeing#cite_note-1http://en.wikipedia.org/wiki/Nusli_Wadiahttp://en.wikipedia.org/wiki/Bombay_Dyeing#cite_note-0http://en.wikipedia.org/wiki/Textileshttp://en.wikipedia.org/wiki/Wadia_Grouphttp://en.wikipedia.org/wiki/Wadia_Grouphttp://en.wikipedia.org/wiki/Flagship


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Fixed assets

Gross block 1,183.44 1,159.75 1,060.35 654.58 720.50

Less : revaluation reserve - 201.56 - 7.66 83.28

Less : accumulated depreciation 231.26 178.72 123.67 512.86 596.20

Net block 952.18 779.47 936.68 134.06 41.02

Capital work-in-progress 208.39 218.85 303.90 735.53 275.07

Investments 60.19 60.22 126.72 153.70 168.02

Net current assets

Current assets, loans & advances 1,091.56 1,167.20 771.19 679.93 574.77

Less : current liabilities & provisions 326.86 347.40 317.72 322.92 124.53

Total net current assets 764.70 819.80 453.47 357.01 450.24

Miscellaneous expenses not written - 1.40 2.79 67.12 5.57

Total 1,985.46 1,879.74 1,823.56 1,447.42 939.92

Notes:

Book value of unquoted investments 60.19 60.22 126.72 153.70 138.46

Market value of quoted investments - - - - 29.56

Contingent liabilities 75.26 49.64 123.83 201.30 173.87

Number of equity sharesoutstanding (Lacs) 386.17 386.17 386.15 386.10 386.05

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P AND L A/C


Income

Operating income 1,661.38 1,344.00 934.54 496.22 1,016.63

Expenses

Material consumed 824.85 811.19 630.80 294.58 688.88

Manufacturing expenses 358.07 272.29 267.45 130.67 157.05

Personnel expenses 49.72 51.38 35.13 38.47 53.35

Selling expenses 74.56 87.37 23.40 22.04 23.13

Adminstrative expenses 73.95 59.85 60.49 41.73 37.54

Expenses capitalised - - -148.60 -100.86 -

Cost of sales 1,381.15 1,282.08 868.67 426.63 959.95

Operating profit 280.23 61.92 65.87 69.59 56.68

Other recurring income 23.75 25.84 26.59 19.41 15.23

Adjusted PBDIT 303.98 87.76 92.46 89.00 71.91

Financial expenses 200.70 184.95 73.40 31.83 16.73

Depreciation 59.54 55.73 35.42 17.46 16.90

Other write offs - - - - -

Adjusted PBT 43.74 -152.92 -16.36 39.71 38.28

Tax charges 3.77 1.02 1.33 4.48 -2.12

Adjusted PAT 39.97 -153.94 -17.69 35.23 40.40

Non recurring items -21.55 -40.68 25.30 0.70 20.85


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Other non cash adjustments - - - - 0.09

Reported net profit 18.42 -194.62 7.61 35.93 61.34

Earnigs before appropriation 34.76 -6.03 202.01 35.93 199.05

Equity dividend 9.66 3.86 13.52 19.31 19.30

Preference dividend - - - - -

Dividend tax 1.60 0.66 2.30 3.28 2.71

Retained earnings 23.50 -10.55 186.19 13.34 177.04

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Ombay Dyeing