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 RATES :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: form 3cd :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: Central Excise rule to resale the machines to a new company
 
 
« Latest Circulars »
  RBI releases Handbook of Statistics on Indian States 2016-17
  RBI amends Banking Ombudsman Scheme: Includes Complaints relating to Misselling and Mobile/ Electronic Banking
 RBI releases Handbook of Statistics on Indian States 2016-17
 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 β€œThe 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

Finances of Non-Government Non-Financial Private Limited Companies: 2014-15 Data Release
April, 01st 2016

The Reserve Bank of India today released on its website the data related to Finances of Non-Government Non-Financial (NGNF) Private Limited Companies for 2014-15. The data have been compiled based on audited annual accounts of 2,37,398 NGNF private limited companies received from Ministry of Corporate Affairs (MCA), accounting for 23.3 per cent of population paid-up capital. The data is based on their Extensible Business Reporting Language (XBRL) and Form AOC-4 (Non-XBRL) systems. It provides a comparative picture over the three-year period from 2012-13 to 2014-15. ‘Explanatory notes’ pertaining to the statements are given at the end as Annex.

Main Findings:

  • Sales of select 2,37,398 NGNF private limited companies increased by 12.0 per cent as compared to 8.7 per cent growth recorded in the previous year. Remuneration to employees and operating expenses increased by 17.6 per cent and 11.1 per cent, respectively. This resulted in lower growth of operating profit at 16.6 per cent in 2014-15 as compared to that of 23.0 per cent in 2013-14 (Statement 1).

  • Interest expenses and depreciation provision increased by 12.6 per cent and 28.5 per cent respectively. Net profit (profit after tax) increased at a slower pace of 12.3 per cent in the current year as compared to 23.6 per cent in 2013-14 (Statement 1).

  • Increase in current assets as well as non-current assets, resulted in an increased growth of total net assets at 11.6 per cent in the current year as compared to 10.6 per cent in the previous year (Statement 1).

  • Profit margin as measured by ratio of operating profit to sales showed a steady increasing trend from 2012-13 to 2014-15. A similar increasing trend is also witnessed by Return on equity, i.e., Profit after tax to Net-worth ratio (Statement 2).

  • Leverage for the selected NGNF private limited companies, as measured by long term borrowings to net worth increased from 43.0 per cent (2012-13) to 49.5 per cent (2014-15). Total borrowings to equity ratio also demonstrated a similar trend (Statement 2).

  • Notwithstanding the increase in aggregate sales growth, decline was seen for  ‘Food product and beverages’, ’Textiles’, ‘Paper and paper products’, ’Chemical and chemical products’ and  ’Rubber and plastic products’ industries (Statement 7).

  • At an aggregate level, the interest coverage ratio (ICR) for the selected NGNF private limited companies, measured by EBIT to interest paid, remained steady at 3.2 per cent in the current year as in the previous year. With the exception of the service sector industries, ICR witnessed a declining trend from 2013-14 to 2014-15 (Statement 2 and Statement 8).

An article analysing the performance of NGNF Private limited companies at the aggregate level as well the sales-size and industry wise will be published in the June 2016 issue of the RBI Bulletin.

Sangeeta Das
Director

Press Release : 2015-2016/2318

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Outsourcing Company Offshore Software Outsourcing Software Outsourcing Company India Offshore Outsourcing Company India Software BPO Software Business Process Outsourcing Software Outsourcing India Offsho

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