gayatri projects limited - Edelweiss

GAYATRI PROJECTS LIMITED(Rs.in lakhs)1995-96 1996-97 1997-98 1998-99 1999-2000I Operating Year II Year III year IV year V YearProjected Actual Projected Actual Projected Actual Projected Actual Projected ActualInstalled Capacity 8550 - 8550 8550 8550 8550 8550 8550 8550 8550Capacity Utilisation 60% 70%* 70% 70% 80% 82% 80% 77.5% 80% 78%Production 5130 807 5985 4382 6840 7081 6840 6630 6840 6635Sales & Other Income 1247 186 1455 1061 1663 1742 1663 1706 1663 2817Profit before Interest, 565 80 659 (579) 754 (536) 751 (961) 749 (2197)Depreciation & TaxInterest 290 52 302 342 292 388 248 479 204 897Depreciation 200 19 200 122 200 131 200 166 200 267Profit before Tax 71 9 153 (359) 258 (278) 299 (648) 341 (1482)Profit After Tax 71 9 153 (359) 258 (278) 299 (648) 333 (1567)Dividend - - - 203 - 243 - 243 -Equity Share Capital 1350 1350 1350 1350 1350 1450 1350 1450 1350 1450Reserves & Surplus 71 - 224 - 279 - 335 7.50 425 10EPS (Rs.) 0.53 - 1.13 - 1.91 - 2.21 - 2.46 -Book Value(Rs.) 10.53 10 11.66 10 12.07 10 12.48 10 13.15 10* Only two months of operation.Main Object of Issue Promise in respect of Performance and remarksimplementationTo part finance the cost of project The project was expected to start Commercial production of Sorbitol Unitfor manufature of 8550 TPA of commercial production from commenced from February, 1996 afterSorbitol. The project was appraised December, 1994. delay of 13 months mainly on accountby IDBI.of delayed receipt of importedequipments.172