Bharat Rasayan Ltd

HSL Code: BHARAS   |   BSE Code: 590021  |   NSE Symbol: BHARATRAS  |   ISIN: INE838B01013

Bharat Rasayan, promoted by S N Gupta and Bharat Insecticides and incorporated in May 1989 the company manufactures Technical-grade pesticides, Pesticide formulations and intermediates. The product basket cosists Metaphenoxy Benzaldehyde, Fenvalerate, Cypermethrin, Ethyl Ester and Isoproturon. Bharat Rasayan came out with a public issue in Feb 1993 to expand its existing capacity as well as to add manufacturing facility for another type of pesticide. The products of the company are used as raw material by pesticide formulating units whose products are essentially used for plant protection and accelerated output in the agricultural sector. Its clientele includes Searle, Arlabs, United Phosphorous and Ankur Chemicals. In the year 1998-99, it increased the installed capacity of its technical grade pesticides, fenvalerate technical and cypermethrin technical to 800 MT, 650 MT and 250 MT respectively.

PROFIT AND LOSS

Rs. in Cr.	Mar 2011	Mar 2010	Mar 2009	Mar 2008	Mar 2007
INCOME :
Sales Turnover	92.03	99.24	102.98	67.09	57.75
Other Income	6.04	3.66	4.12	3.08	2.50
Stock Adjustments	-5.34	0.59	-0.22	2.76	-1.08
Total Income	92.73	103.49	106.88	72.93	59.17
EXPENDITURE :
Raw Materials	58.05	71.03	74.37	54.27	46.49
Excise Duty	0.00	0.01	0.00	0.00	0.00
Power and Fuel Cost	2.83	1.59	1.52	1.58	1.21
Other Manufacturing Expenses	6.33	8.40	9.93	3.47	2.71
Employee Cost	6.96	4.93	4.21	3.33	2.88
Selling and Administration Expenses	7.84	7.20	5.64	3.30	2.95
Miscellaneous Expenses	0.60	0.27	0.68	0.16	0.07
Less: Preoperative Expenditure Capitalised	0.00	0.00	0.00	0.00	0.00
Profit before Interest, Depreciation and Tax	10.12	10.06	10.53	6.82	2.86
Interest and Financial Charges	0.28	0.49	0.83	0.84	0.66
Profit before Depreciation and Tax	9.84	9.57	9.70	5.98	2.20
Depreciation	1.81	0.88	0.93	0.89	0.96
Profit Before Tax	8.03	8.69	8.77	5.09	1.24
Tax	2.14	2.88	3.60	0.67	0.36
Profit After Tax	5.89	5.81	5.17	4.42	0.88
Adjustment below Net Profit	0.00	0.00	0.00	0.00	0.00
P and L Balance brought forward	0.24	0.32	0.22	0.22	0.34
Appropriations	1.29	5.89	5.07	4.42	1.00
P and L Bal. carried down	4.84	0.24	0.32	0.22	0.22
Equity Dividend	0.51	0.76	0.43	0.42	0.00
Preference Dividend	0.00	0.00	0.00	0.00	0.00
Corporate Dividend Tax	0.08	0.13	0.14	0.00	0.00
Equity Dividend (%)	12.00	18.00	10.00	10.00	0.00
Earning Per Share (Rs.)	13.67	13.36	11.84	10.40	2.07
Book Value	102.92	101.15	89.58	78.75	69.34
Extraordinary Items	0.01	-0.01	0.02	0.00	0.01

 BALANCE SHEET

Rs. in Cr.	Mar 2011	Mar 2010	Mar 2009	Mar 2008	Mar 2007
SOURCES OF FUNDS :
Share Capital	4.25	4.25	4.25	4.25	4.25
Reserves and Surplus	39.49	38.74	33.82	29.22	25.22
Total Shareholders Funds	43.74	42.99	38.07	33.47	29.47
Secured Loans	8.40	3.78	12.71	7.84	4.37
Unsecured Loans	0.06	0.01	0.01	0.01	1.09
Total Debt	8.46	3.79	12.72	7.85	5.46
Total Liabilities	52.20	46.78	50.79	41.32	34.93
APPLICATION OF FUNDS :
Gross Block	41.63	20.01	19.13	18.69	17.67
Less: Accum. Depreciation	21.68	14.42	13.71	12.82	11.95
Net Block	19.95	5.59	5.42	5.87	5.72
Capital Work in Progress	3.28	0.00	0.00	0.00	0.00
Investments	1.11	11.42	4.38	1.32	2.32
Current Assets, Loans and Advances
Inventories	12.88	13.58	11.24	12.26	6.69
Sundry Debtors	15.93	16.92	22.26	16.57	16.64
Cash and Bank Balance	0.44	2.07	0.87	2.17	0.76
Loans and Advances	11.26	10.74	19.96	10.78	6.14
Less: Current Liab. and Prov.
Current Liabilities	11.54	12.55	12.11	6.96	3.28
Provisions	1.18	0.99	1.23	0.69	0.06
Net Current Assets	27.79	29.77	40.99	34.13	26.89
Miscellaneous Expenses not w/o	0.07	0.00	0.00	0.00	0.00
Total Assets	52.20	46.78	50.79	41.32	34.93
Contingent Liabilities	0.14	0.14	0.08	0.09	0.16

Registered Office
Address	1501 Vikram Tower, Rajendra Place
District	New Delhi
State	New Delhi
Pin Code	110008
Tel. No.	91-011-41538383
Fax. No.	91-011-41538600
Email	dhawan:bharatgroup.co.in
Web Site	http://www.bharatgroup.co.in

Registrars
Name	N.A.
Address	N.A., N.A., N.A., N.A.
Tel. No.	N.A.
Fax. No.	N.A.

Company Background
Company Chairman	S N Gupta
Company Secretary	Deepika Bhardwaj
Auditor	B K Goel & Associates
Sector Name	Agro Chemicals
House Name	Indian Private

	Tel	Fax	Email
1501 Vikram Tower Rajendra Place New Delhi Pin 110008 India			BHARAT.BRL&gems.vsnl.net.in
Registered Office
1501 Vikram Tower Rajendra Place New Delhi Pin 110008 India	91-011-41538383	91-011-41538600	dhawan:bharatgroup.co.in
Plant Location
2KM Stone Village Mokhra Madina-Mokhra Rd Tehsil Meham Rohtak Pin 0 India			facordelhi:facorgroup.in