FINANCIAL REPORT


FINANCIAL POSITION  
 (Rs. in Crores)
 
1996-97
1997-98
1998-99
LIABILITIES      
Paid up Capital
19.04
19.04
19.04
Reserve & Surplus
39.34
41.88
42.54
Borrowings from:
Coal India Ltd. - Holding Company
27.24
1.61
2.22
Current Liabilities & Provisions
88.68
74.30
65.30
Total
174.30
136.83
129.10
 
ASSETS      
Net Block including Capital -
Work-in-Progress
63.52
66.35
65.67
Current Assets, Loans & Advances
107.56
67.37
60.81
Misc. expenditure not written off
3.22
3.11
2.62
Total
174.30
136.83
129.10
       
CORPORATE PERFORMANCE FOR LAST THREE YEARS  
 (Rs. in Crores)
 
1996-97
1997-98
1998-99
Turnover
92.83
97.38
99.27
Profit before tax
2.91*
3.30*
0.63
Profit after tax
1.88
2.24
0.39
* Profitability increased due to overseas project work in Africa
       
RATIO ANALYSIS  
     
( % )
 
1996-97
1997-98
1998-99
Liquidity Ratio :
Current Ratio ( % )
121.29
90.67
93.13
Debt Equity Ratio :
Long term debt to Equity ( % )
143.07
8.46
11.66