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    Balance Sheet: Titan Company Limited

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    Balance Sheet: Titan Company Limited

    Uploaded by

    lohiyadhruv
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    16-15

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    Balance Sheet: Titan Company Limited

    Uploaded by

    lohiyadhruv

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    © All Rights Reserved
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    of 2

    TITAN COMPANY LIMITED

    32nd Annual Report 2015-16

    Balance Sheet as at 31 March 2016


    ` lakhs
    Particulars Note As at As at
    No 31-03-2016 31-03-2015
    I. EQUITY AND LIABILITIES
    (1) Shareholders' funds
    Share capital 2.1 8,878 8,878
    Reserves and surplus 2.2 342,582 300,323
    351,460 309,201
    (2) Non-current liabilities
    Long-term provisions 3 10,692 8,745
    10,692 8,745
    (3) Current liabilities
    Short-term borrowings 4 11,305 9,979
    Trade payables
    Total outstanding dues of micro and small enterprises 5 313 515
    Total outstanding dues of other than micro and small enterprises 173,607 193,416
    173,920 193,931
    Other current liabilities 6 81,925 30,895
    Short-term provisions 7 a) 8,351 34,473
    275,501 269,278
    Total 637,653 587,224
    II. ASSETS
    (1) Non-current assets
    Fixed assets
    Tangible assets 8 a) 75,856 67,986
    Intangible assets 8 b) 1,004 337
    Capital work-in-progress 10,605 5,493
    87,465 73,816
    Non-current investments 9 7,398 3,263
    Deferred tax asset (net) 10 2,393 1,967
    Long-term loans and advances
    Capital advances (Unsecured and considered good) 2,371 1,423
    Other advances 11 24,850 22,860
    27,221 24,283
    124,477 103,329
    (2) Current assets
    Inventories 12 a) 444,224 404,743
    Trade receivables 13 19,513 18,735
    Cash and cash equivalents 14 11,166 21,020
    Short-term loans and advances 15 37,908 38,961
    Other current assets 16 365 436
    513,176 483,895
    Total 637,653 587,224

    See accompanying notes forming part of the financial statements.


    In terms of our report attached
    For DELOITTE HASKINS & SELLS For and on behalf of the Board of Directors
    Chartered Accountants
    Bhaskar Bhat C V Sankar Chairman
    Managing Director
    V. Srikumar T K Arun
    Partner
    S. Subramaniam Harish Bhat
    Chief Financial Officer C G Krishnadas Nair Directors
    A. R. Rajaram Vinita Bali
    Place : Bengaluru
    Date : 06 May 2016 Head-Legal & Company Secretary Hema Ravichandar

    96
    TITAN COMPANY LIMITED

    Statement of Profit and Loss for the year ended 31 March 2016
    ` lakhs
    Particulars Note Current year Previous year
    No.
    I. Revenue from operations (gross) 17 1,129,574 1,193,671
    Less: Excise duty 17 3,121 3,350
    Revenue from operations (net) 1,126,453 1,190,321
    II. Other Income 18 6,436 7,058
    III. Total Revenue (I +II) 1,132,889 1,197,379
    IV. Expenses:
    Cost of materials and components consumed 26 a) 742,395 783,399
    Purchase of stock-in-trade 26 b) 95,623 112,394
    Changes in inventories of finished goods, work-in-progress and stock-in-trade 19 (19,139) (20,432)
    Employee benefits expense 20 68,118 62,565
    Finance costs 32 4,228 8,066
    Depreciation and amortization expense 9,691 8,739
    Other expenses 21 144,907 137,059
    Total Expenses 1,045,823 1,091,790
    V. Profit before tax (III-IV) 87,066 105,589
    VI. Tax expense:
    Current tax 18,570 24,100
    Less: MAT credit 1,663 -
    Net current tax expenses 16,907 24,100
    Deferred tax (426) (818)
    Total Tax 16,481 23,282
    VII. Profit for the year (V-VI) 70,585 82,307
    VIII. Earnings per equity share of ` 1: 40
    Basic 7.95 9.27
    Diluted 7.95 9.27

    See accompanying notes forming part of the financial statements.


    In terms of our report attached
    For DELOITTE HASKINS & SELLS For and on behalf of the Board of Directors
    Chartered Accountants
    Bhaskar Bhat C V Sankar Chairman
    Managing Director
    V. Srikumar T K Arun
    Partner
    S. Subramaniam Harish Bhat
    Chief Financial Officer C G Krishnadas Nair Directors
    A. R. Rajaram Vinita Bali
    Place : Bengaluru
    Date : 06 May 2016 Head-Legal & Company Secretary Hema Ravichandar

    97

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