The Reserve Bank of India today released on its website data related to Finances of Non-Government Non-Financial (NGNF) Private Limited Companies for 2012-13. The data have been compiled based on audited annual accounts of 1,628 NGNF private limited companies. It provides a comparative picture over the three-year period 2010-11 to 2012-13. ‘Explanatory notes’ on data are given at the end as Annex. Highlights: -
Sales of select NGNF private limited companies moderated in 2012-13 due to lower increase, especially in the services sector. Both, operating expenses and value of production registered a significant decline in 2012-13. Lower growth in earnings before interest, tax, depreciation and amortisation (EBITDA) was observed due to higher increase in operating expenses than in value of production in 2012-13. -
EBITDA increase of most of the industries in manufacturing sector was higher in 2012-13 vis-à-vis the previous year except for ‘machinery and machine tools’ and ‘food product and beverages’ industries, whereas in the services sector it remained low except for ‘computer and related activities’ industries. -
Total net assets of selected companies grew at a higher rate in 2012-13 as compared to 2011-12. Higher pace of expansion was observed in services and construction sectors in comparison with the manufacturing sector. -
Total borrowings to equity ratio, at the aggregate level, witnessed an increasing trend. Debt to equity ratio also increased in 2012-13. -
Interest coverage ratio (EBIT to interest ratio) of select NGNF private limited companies increased marginally in 2012-13.The external sources continued to play a major role in asset expansion of NGNF private limited companies. The share of external sources of funds to total sources of funds decreased in 2012-13 as compared to 2011-12. -
Share of gross fixed asset formation in uses of funds declined in 2012-13 as compared with the previous year. An article analysing the performance of NGNF Private limited companies at the aggregate level as well as based on sales-size and industry is being published in the November 2014 issue of the RBI Bulletin. Sangeeta Das
Director Press Release : 2014-2015/829 | |