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ICICI Ltd.
Group :
Turnover :
ICICI Group
Rs. 9298.05 crores

Rs. in Crore

Total Income

Net Profit
Financials (Rs. In crore)
Financial Highlights
(Rs. Cr.)
Period ended Dec. 01 Dec. 00 Growth
No. of months (3) (3) (% yay)
Income from operations 2302.83 2249.71 2.36
Expenditure 245.70 218.37 12.52
Operating profit 2057.13 2031.34 1.27
Other income
 28.15 19.81 42.10
PBDIT
 2085.28 2051.15 1.66
Depreciation
106.39 97.40 9.23
PBIT
 1953.75 1.29  
Interest
 1667.39 1676.02 -0.51
PBT 311.50 277.73 12.16
Tax 55.35 24.80  
PAT 256.15 252.93 1.27
Ratios
Ratoos : Dec-01 Dec-00
Operating Profit Ratio (%) 89.33 90.29
Net Profit Ratio (%) 11.12
 11.24
Interest Coverage Ratio (times) 1.23 1.21
Expenditure Ratio (%) 10.67 9.71
Interest Rate (% p.a.)
12month 36 month 60 month
8.75 9.25 9.50
Rating
Long Term AAA
Medium Term FAAA
Short Term P1+

Background
ICICI Ltd. was promoted by the Government of India, the world bank and a steering committee of five prominent businessmen in 1955 to cater to private sector needs of long term finance. ICICI was set up with the objective to assist in creation, expansion and modernisation of industrial enterprises, encourage individual investment, furnish managerial, technical and administrative advice to Indian industry so as to increase production and employment opportunities.

Highlights

  • ICICI Ltd. is the first Indian Company to list its shares on New York Stock Exchange in 1999.
  • ICICI Ltd. has presence in various business including infrastructure finances, structured finance, project finance, treasury services, corporate finance, advisory services, Demat services etc.
  • ICICI is one of the premier financial institution with majority equity stake held by the states which was successfully broken away under the direction of Mr. K.V. Kamath.

Salient Features :

  • ICICI is the only Financial Institution having private participation since its inception and is the second largest in the sector with an and base of Rs. 734.14 bn. as at financial year 2001 end.
  • ICICI has a good support of world bank. Over the years it has promoted a number of specialised financial institutions like HDFC, CRISIL, IDICI, etc. It has played a key role to enable Indian Industrial concerns to meet their foreign exchange requirements or import of capital goods.
  • ICICI is one of the India’s best managed financial institution. It has considerable depth and wide experience in project and loan appraisals. ICICI is in the phase of tranforming itself to a universal bank catering to all kinds of needs of both retail and corporate customers.
  • ICICI is registered with the SEBI as a custodian and depository participant for both National Securities Depository Ltd. and Central Depository Services Ltd.
J.K. Papers ltd.
Group :
Turnover :
J.K. Group
Rs. 616.51 Cr
Rs. in Crore





Total Income

Net Profit
Financials (Rs. In crore)
Financial Highlights
(Rs. Cr.)
Period ended 31-Dec-01 31-Dec-00 Growth
No. of months (3) (3) (% yoy)
Sales 120.08
 37.31 221.84
Other income 0.57
0.1 470.00
Total income 120.65
37.41 222.51
Expenditure
91.38
27.73 229.53
Operating profit 29.27
9.68 202.38
Interest 12.7
3.14 304.46
Depreciation 9.35
1.30 619.23
Profit before tax 7.22
5.24 37.79
Provision for taxation 3.13
0.00 -
Profit after tax 4.09
 5.24 -21.95
Ratios
Ratoos: Dec-01 Dec-00
Operating Profit Margin (%) 24.26
25.88
Net Profit Margin (%) 3.39
14.01
Interest Coverage Ratio (times) 2.30
3.08
Expense Ratio (%)
 75.74
74.12
Interest Rates (% p.a.)
12 months 24 months 36 months
10.50 11.50 12.00
Rating
Long term: -
Medium term: -
Short term: -
 
by CARE


Background
• It was originally promoted by Parkhe Group of Poona. The plant is located at Fort Sonagarh on Surat-Dhulia Road, 90 kms away from Surat in Gujarat State. It became a sick company and was registered with the BIFR. In 1992, the management of the company was taken over by JK Corp. Ltd. Since then the company has shown remarkable turnaround.

Highlights

  • In 2000-2001, a scheme of arrangement was finalized between J K Corp Ltd. and Central Pulp Mills ltd. under which the paper undertaking of J K Corp viz. J K Paper Mills has been transferred to the company as a going concern. The name of Central Pulp Mills Ltd has been changed to J K Paper Ltd.
  • J K Paper has two integrated pulp and paper plants - J K Paper Mill in Rayagada (Orissa) with an annual output of over 1,00,000 tonnes and Central Pulp Mills in Songadh (Gujarat) of 50,000 tpa capacity. This makes it the 5th largest paper producer in India.
  • Synergies between the two units, one located in the east and the other in the west will offer many new opportunities for marketing and distribution.

Salient Features

  • Per capita consumption of paper in India is only 5.5 kg compared to a global average of around 46 kg. The rising thrust on education and internationalization of business should ensure a healthy growth in domestic demand for paper.
  • The market for mill packed copier paper has been growing at a healthy 15% p.a. and is one of the fastest growing segments in the paper industry.. The company's brand J K Copier has emerged as the largest selling branded copier paper in India with a turnover of Rs. 120 Crs.
  • The company has a wide distribution network with 80 dedicated wholesalers, 4 regional offices, a dozen warehouses and 1500 dealers nationwide. The company owns some of the strongest brands in the Indian paper industry.
  • During the year, J K Paper Mills also bought a pulp drying plant from Finland to increase the output and realization of market pulp.
  • The company has commissioned a state of the art 1,27,000 t.p.a. pulp mill for manufacture of international quality pulp during the year 2000-01. For raw materials, the company has been developing its own plantations and developing J K clones giving higher yields. Around 20,000 hectares have already been planted and 5,000 hectares are to be planted each year