Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: VAT Audit :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: TDS :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: form 3cd :: empanelment
 
 
« Latest Circulars »
 RBI Working Paper Series No. 5/2017: Comparison of Consumer and Wholesale Prices Indices in India: An Analysis of Properties and Sources of Divergence
 All Agency Banks and select offices of RBI to remain open on all days from March 25, 2017 to April 1, 2017
 RBI-Sources of Variation in Foreign Exchange Reserves in India during April-December 2016
 Developments in India’s Balance of Payments during the Third Quarter (October-December) of 2016-17
 RBI signs Memorandum of Understanding(MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with the Bank of Thailand
 RBI-Meeting Schedule of the Monetary Policy Committee for 2017-18
 RBI to conduct Overnight, 7 day and 14 day Variable rate Reverse Repo auctions under LAF on March 22, 2017
 Risk Management and Inter-bank Dealings: Operational flexibility for Indian subsidiaries of Non-resident Companies
 Master Directions on Issuance and Operation of Prepaid Payment Instruments in India
 RBI seeks comments on draft circular on Master Directions on Issuance and Operation of Pre-paid Payment Instruments (PPIs) in India
  Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2016-17)

Finances of Foreign Direct Investment (FDI) Companies, 2011-12 - Data Release
December, 28th 2013

The Reserve Bank of India today released on its website, data related to Finances of Non-Government Non-Financial (NGNF) Foreign Direct Investment (FDI) Companies, 2011-12 based on audited annual accounts of select 766 companies which closed their accounts during April 2011 and March 2012. The study includes 715 companies covered in the regular studies on finances of non-government non-financial (NGNF) public/private limited companies for the year 2011-12 published earlier and 51 additional FDI companies. It provides a comparative picture over the three-year period 2009-10 to 2011-12. ‘Explanatory notes’ on data are given at the end.

Main Findings:

  • Growth in sales of select FDI companies at the aggregate level improved marginally in 2011-12. Higher growth in operating expenses than that of value of production (VoP) led to decline in earnings before interest, tax depreciation and amortisation (EBITDA).

  • Steep rise in interest payments in 2011-12 resulted in decline in net profit (PAT). Gross savings of select FDI companies contracted further in 2011-12.

  • Profit margin of the select companies also declined in 2011-12.

  • Sales growth of FDI companies belonging to services sector improved in 2011-12 over that in the previous year, while it declined for those in the manufacturing sector.

  • EBITDA for the manufacturing sector declined in 2011-12, whereas for the services sector, EBITDA growth registered an increase.

  • EBITDA growth was low or negative in most of the industries in the manufacturing sector. In the services sector ‘computer and related activities’ and ‘transport and storage service’ industries led to higher growth in EBITDA.

  • Total net assets of select companies grew at a lower rate in 2011-12, both in manufacturing and services sectors.

  •  Net worth of select companies grew at a lower rate in 2011-12, consequent on lower profit growth.

  • Total borrowing of selected companies also grew at a lower rate in 2011-12 as compared with 2010-11. However, select companies in manufacturing sector had marginally higher growth in borrowings.

  • Debt (which generally represents the long term component of the borrowings) to equity ratio of the select companies declined marginally in 2011-12.

  • The external sources (i.e., other than companies’ own funds) continued to play a major role in business expansion of the select FDI companies in 2011-12. Share of gross fixed asset formation in uses of funds remained similar to the previous year’s level.

An article analysing the performance of select FDI companies at the aggregate level as well as based on share of FDI, country of origin of FDI and industry, covering a longer period will be published in the January 2014 issue of the RBI Bulletin.

Sangeeta Das
Director

Press Release : 2013-2014/1279

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Website Ranking Website Ranking Company Website Positioning Alexa Ranking Website Promotion Website top 10 ranking website top 10 promotion search engine result promotion Strategic Internet Marketing Website Optimization Website Ranking Factors

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions