Zuari Forex (Delisted) financials and balance sheet
BSE: 530283
Last traded ₹30.40 on 15 Mar 2012
Delisted on 26 Apr 2012.
4 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to June.Zuari Forex annual reports
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
Peak revenue ₹1.02 Cr, year to Jun 2008A loss in the year to Jun 2011, −₹0.24 Cr
Operating and net margin, per cent
- Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs.
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
Results for the year to Jun 2011
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue0.1
- Employee costs−0.1
- Other expenses0.0
- Operating profit0.0
- Depreciation0.0
- Other income0.0
- Finance costs−0.2
- Profit before tax−0.2
- Net profit−0.2
Profit and loss
Standalone, ₹ crore, years to June.Zuari Forex quarterly results
| ₹ crore | Jun 2008 | Jun 2009 | Jun 2010 | Jun 2011 |
|---|---|---|---|---|
| Revenue from operations | 1.02 | 0.88 | 0.51 | 0.07 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | 0.99 | 0.76 | 0.38 | 0.11 |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. | 0.35 | 0.27 | 0.15 | 0.07 |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. | 0.64 | 0.49 | 0.23 | 0.04 |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. | 0.03 | 0.12 | 0.13 | −0.04 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | 3.4% | 13.2% | 24.8% | −56.8% |
| Employee costs, % of revenueEmployee costs, % of revenue. Salaries, wages and other staff costs divided by revenue, times 100. | 34.1% | 30.6% | 29.0% | 94.6% |
| Other expenses, % of revenueOther expenses, % of revenue. Operating costs besides materials and staff divided by revenue, times 100; with the two above and the operating margin it makes 100. | 62.5% | 56.2% | 46.2% | 61.7% |
| Depreciation and amortisationDepreciation and amortisation. The part of the cost of plant, buildings and other long-lived assets charged against each year they are used. | 0.05 | 0.08 | 0.05 | 0.04 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. | −0.01 | 0.04 | 0.07 | −0.08 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 0.20 | 0.15 | 0.11 | 0.02 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 0.15 | 0.16 | 0.17 | 0.17 |
| Profit before tax | 0.04 | 0.03 | 0.01 | −0.24 |
| Tax | 0.01 | 0.01 | – | – |
| Net profit | 0.03 | 0.02 | 0.01 | −0.24 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 3.1% | 2.1% | 1.6% | −332.4% |
Ratios
Standalone, years to June.
| Ratio | Jun 2009 | Jun 2010 | Jun 2011 |
|---|---|---|---|
| Revenue growthRevenue growth. This year's revenue less last year's, divided by last year's, times 100; blank where last year's is not above nought. | −13.9% | −42.3% | −86.0% |
| Operating profit growthOperating profit growth. This year's operating profit before depreciation less last year's, divided by last year's, times 100; blank where last year's is not above nought. | 237.0% | 8.7% | – |
| Net profit growthNet profit growth. This year's net profit less last year's, divided by last year's, times 100; blank where last year's is not above nought. | −43.8% | −55.6% | – |
| Earnings per share growthEarnings per share growth. This year's earnings per share less last year's, on the same share count, divided by last year's, times 100; blank where last year's is not above nought. | 500.0% | −50.0% | – |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. | 0.2 | 0.4 | – |
Interest cover is left blank for the years to Jun 2008 and Jun 2011: operating profit after depreciation is a loss, and a loss covers no interest bill.
Growth and returns over 3, 5 and 10 years
Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Jun 2011.
| Measure | 5 years | 3 years |
|---|---|---|
| Revenue growth, yearly rateRevenue growth, yearly rate. 3 years: Revenue in the latest year ÷ revenue in the year three years before, to the power of one third, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 5 years: Revenue in the latest year ÷ revenue in the year five years before, to the power of one fifth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 10 years: Revenue in the latest year ÷ revenue in the year ten years before, to the power of one tenth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. | – | −58.9% |
| Operating margin, averageOperating margin, average. 3 years: The plain average of the yearly operating profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly operating profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly operating profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | −3.9% | −6.3% |
| Net margin, averageNet margin, average. 3 years: The plain average of the yearly net profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly net profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly net profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | −81.4% | −109.6% |
| Interest cover, averageInterest cover, average. 3 years: The plain average of the yearly interest cover over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly interest cover over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly interest cover over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | – | 0.3 |
Accounting checks
Standalone, years to June. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Jun 2008 | Jun 2009 | Jun 2010 | Jun 2011 |
|---|---|---|---|---|
| Effective tax rateEffective tax rate. Tax charged as a percentage of profit before tax.Published threshold 17.16 per cent | 20.00 | 32.00 | – | – |
A threshold marked as ours has no published figure; it is the line we read the check against.