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: TDS :: empanelment :: list of goods taxed at 4% :: form 3cd :: cpt :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: VAT Audit :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: due date for vat payment :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
Latest Circulars »
 RBI amends Banking Ombudsman Scheme: Includes Complaints relating to Misselling and Mobile/ Electronic Banking
 Recording of Details of Transactions in Passbook/ Statement of Account
 Exclusion of “The Royal Bank of Scotland N.V.” from the Second Schedule to the Reserve Bank of India Act, 1934
 Monitoring of Foreign Investment under PIS in Indian Companies- Removal from Ban List - FIIs/RPIs : M/s IDFC Limited
 FIIs/FPIs can now invest 24 to 49 per cent under PIS in M/s Satin Creditcare Network Limited
  Bankers & SME Borrowers: The Emerging Mantras (Shri S. S. Mundra, Deputy Governor – June 16, 2017 – at the 3rd Bankers Borrowers Business Summit organized by ASSOCHAM in New Delhi1)
 RBI extends Directions issued to Navodaya Urban Co-operative Bank Ltd, Nagpur, Maharashtra
 Developments in India’s Balance of Payments during the Fourth Quarter (January-March) of 2016-17
 Bankers & SME Borrowers: The Emerging Mantras (Shri S. S. Mundra, Deputy Governor – June 16, 2017 – at the 3rd Bankers Borrowers Business Summit organized by ASSOCHAM in New Delhi1)
 RBI-Formation of a new district in the State of West Bengal - Assignment of Lead Bank Responsibility
 RBI-Period for Submission of Agency Commission Claims

Moderate Growth in Foreign Direct Investment Companies during 2012-13: RBI Data Release
December, 26th 2014

The Reserve Bank of India today released on its website the data related to ‘Finances of Foreign Direct Investment Companies, 2012-13’. The data have been compiled based on audited annual accounts of 917 select non-government non-financial (NGNF) foreign direct investment (FDI) companies which closed their accounts during the period April 2012 to March 2013. The data draw a comparative picture over the three year period 2010-11 to 2012-13 based on a common set of companies. ‘Explanatory notes’ pertaining to statements are given at the end.

Major Findings:

  • Sales growth of select FDI companies along with value of production and operating expenses moderated in 2012-13. Sales growth was lower at 14.2 per cent in 2012-13 as compared with 17.7 per cent in 2011-12.

  • Earnings before interest, tax, depreciation and amortisation (EBITDA) and net profits (PAT) improved in 2012-13 mainly due to moderation in manufacturing expenses and interest expenses, respectively.

  • Growth in merchandise exports for FDI companies witnessed a sharp deceleration at 13.4 per cent in 2012-13 from 27.3 per cent recorded in 2011-12. However, import growth increased to 18.0 per cent in 2012-13 from 14.2 per cent in 2011-12.

  • Research and Development (R&D) expenditure of select FDI companies grew at a higher rate of 35.8 per cent in 2012-13 as compared with 24.7 per cent registered in 2011-12.

  • Growth in total net assets of select FDI companies decelerated during the year while the share of gross fixed assets formation in total assets improved in 2012-13. The total net assets of select FDI companies grew at a lower rate of 11.1 per cent in 2012-13 vis-à-vis 13.4 per cent registered in the previous year.

  • Inventories to sales ratio of select FDI companies declined in 2012-13 as compared with the previous year.

  • The share of long-term and short-term borrowings in total liabilities increased in 2012-13 leading to a rise in the leverage ratio of select FDI companies during the year.

  • Profitability ratios like EBITDA margin and return on equity (ROE) declined in 2012-13 mainly as a result of elevated leverage ratio.

  • Select FDI companies relied mainly on external sources of funds for expanding their business and these funds were predominantly used for gross fixed assets formation and long-term investments.

An article analysing the finances of select non-government non-financial (NGNF) foreign direct investment (FDI) companies at the aggregate level as well as based on share of FDI, country of origin of FDI and industry is being published in the January 2015 issue of the RBI Bulletin.

Ajit Prasad
Assistant General Manager

Press Release : 2014-2015/1332

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Team

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