Vaibhav Global Limited

Vaibhav Global Limited (VGL) is a global retailer of fashion jewelry and lifestyle
accessories on its Home television (TV) and e-commerce platforms. It operates live
electronic retail channels in the United States and the United Kingdom from Austin, Texas
and London respectively. The Companys brand includes Rhapsody, Iliana, J Francis,
Elanza, Karis, Eon 1962, Strada and Genoa. The Company has outsourcing operations
Opportunities across China, Thailand and Indonesia and manufacturing operations in
Jaipur, India.
BalanceSheet - Vaibhav Global Ltd.
Rs (in Crores)
Particulars

Mar'14

Mar'13

Mar'12

Mar'11

Mar'10

12 Months

12 Months

12 Months

12 Months

12 Months

32.22

76.06

75.7

75.7

75.7

Reserves & Surplus

401.69

357.26

304.49

281.47

263.74

Net Worth

433.91

433.33

380.19

357.17

339.44

70.51

103.6

123.58

171.59

169.38

2.1

9.6

3.8

2.04

0.28

506.51

546.52

507.57

530.8

509.1

Gross Block

30.05

33.26

28.52

23.83

22.01

(-) Acc. Depreciation

12.46

17.15

15.52

14.03

12.9

Net Block

17.59

16.11

12.99

9.81

9.12

0.03

0.04

1.48

Investments

212.28

214.94

258.35

258.35

277.25

Inventories

92.14

87.42

74.27

65.61

60.81

Sundry Debtors

88.18

97.04

121.63

127.17

110.01

Cash and Bank

31.26

18.31

9.06

13.66

5.64

Loans and Advances

134.24

167.03

74.48

66.25

56.78

Total Current Assets

345.82

369.8

279.44

272.69

233.25

67.14

52.49

41.6

9.92

9.14

2.03

1.87

1.65

1.59

1.37

Total Current Liabilities

69.17

54.36

43.25

11.51

10.51

NET CURRENT ASSETS

276.65

315.44

236.19

261.17

222.74

506.51

546.52

507.57

530.8

509.1

Liabilities
Share Capital

Secured Loan
Unsecured Loan
TOTAL LIABILITIES
Assets

Capital Work in Progress

Current Liabilities
Provisions

Misc. Expenses

TOTAL ASSETS(A+B+C+D+E)

Profit & Loss Vaibhav Global Ltd.Rs

Mar'13

Mar'12

Mar'11

Mar'10

12Months

12Months

12Months

12Months

12Months

348.27

249.13

176.69

145.44

121.31

348.27

249.13

176.69

145.44

121.31

379.42

257.5

188.93

146.05

121.52

INCOME:
Sales Turnover
Excise Duty
NET SALES
Other Income
TOTAL INCOME
EXPENDITURE:
Manufacturing Expenses

29.73

18.58

8.11

6.02

4.14

Material Consumed

241.55

176.56

130.75

104.57

94.64

Personal Expenses

29.05

22.44

16.25

14.34

11.32

2.05

1.46

Selling Expenses
Administrative Expenses

14.96

8.65

5.76

3.61

2.35

Expenses Capitalised

Provisions Made

TOTAL EXPENDITURE

315.3

226.23

160.87

130.58

113.91

Operating Profit

32.98

22.89

15.82

14.85

7.4

EBITDA

64.12

31.27

28.06

15.47

7.61

2.46

2.19

1.53

1.2

1.21

EBIT

61.66

29.07

26.53

14.27

6.4

Interest

11.75

11.66

11.94

12.01

13.86

EBT

49.91

17.42

14.6

2.26

-7.46

0.14

0.01

0.23

-0.05

-0.18

49.77

17.4

14.37

2.3

-7.28

3.39

8.98

-0.27

14.79

9.42

Other Non Cash Adjustments

0.27

Other Adjustments

-14.33

53.16

26.38

14.09

3.04

2.14

Depreciation
Other Write-offs

Taxes
Profit and Loss for the Year
Non Recurring Items

REPORTED PAT
KEY ITEMS
Preference Dividend

3.39

Equity Dividend

Equity Dividend (%)

Shares in Issue (Lakhs)

321.76

320.64

316.98

316.98

316.98

EPS - Annualised (Rs)

16.52

8.23

4.45

0.96

0.67

Rs (in Crores)

Heritage Foods Limited -

Heritage Foods Limited is an India-based diary company. The Company operates in dairy,
retail, agri and bakery segments. The Companys products in the diary segment include
milk, value added products, fat products and skimmed milk powder. It sells fruits and
vegetables in the agri segment. Its products include toned milk, full cream milk, doubled
toned milk, slim milk, standardized milk, golden cow milk, and UHT toned milk. It is also
engaged in manufacturing packaged drinking water, fruit lassi, sweet lassi, flavored milkbottles and flavored milk-tetra pack. The Company has presence in Andhra Pradesh,
Tamil Nadu, Karnataka, Kerala, Maharastra, Odisha and Delhi. Heritage Bakery operates
over 14 Company-owned locations in twin cities. The Companys dairy division has over
15 packing stations, 90 chilling centers / bulk coolers / ice plants and over 40 franchisee
bulk coolers with operationally safe process equipments.
BalanceSheet - Heritage Foods Ltd.
Rs (in Crores)
Particulars

Liabilities
Share Capital
Reserves & Surplus
Net Worth
Secured Loan
Unsecured Loan
TOTAL LIABILITIES
Assets
Gross Block
(-) Acc. Depreciation
Net Block
Capital Work in Progress
Investments
Inventories
Sundry Debtors
Cash and Bank
Loans and Advances
Total Current Assets
Current Liabilities
Provisions
Total Current Liabilities
NET CURRENT ASSETS
Misc. Expenses
TOTAL
ASSETS(A+B+C+D+E)
Rs (in Crores)

Mar'14

Mar'13

Mar'12

Mar'11

Mar'10

12
Months
23.2
155.79
178.99
127.42
0
306.41

12
Months
11.6
130.29
141.89
98.18
0
240.07

12
Months
11.53
81.6
93.13
129.37
11
233.5

12
Months
14.72
71.82
86.53
176.61
9.45
272.59

12
Months
14.72
72.16
86.87
175.53
8.92
271.32

408.41
136.93
271.48
11.12
0.99
108.55
16.61
44.42
38.87
208.46
171.82
13.81
185.63
22.83
0

353.48
116.69
236.79
8.27
1.12
82.09
15.07
32.95
34.49
164.61
161.54
9.19
170.73
-6.13
0

337.29
107.03
230.26
8.92
1.12
93.45
11.2
29.99
34.14
168.78
165.56
10.03
175.59
-6.81
0

317.5
95.78
221.72
11.98
1.02
66.07
14.44
30.44
33.41
144.36
100.41
6.08
106.48
37.87
0

294.24
79
215.24
8.71
0.92
76.31
12.08
24.63
36.05
149.06
95.01
7.59
102.61
46.45
0

306.41

240.07

233.5

272.59

271.32

Profit & Loss - Heritage Foods Ltd.Rs (in Crores)

Excise Duty
NET SALES
Other Income
TOTAL INCOME
EXPENDITURE:
Manufacturing
Expenses
Material Consumed
Personal Expenses
Selling Expenses
Administrative
Expenses
Expenses Capitalised
Provisions Made
TOTAL
EXPENDITURE
Operating Profit
EBITDA
Depreciation
Other Write-offs
EBIT
Interest
EBT
Taxes
Profit and Loss for the
Year
Non Recurring Items
Other Non Cash
Adjustments
Other Adjustments
REPORTED PAT
KEY ITEMS
Preference Dividend
Equity Dividend
Equity Dividend (%)
Shares in Issue
(Lakhs)
EPS - Annualised (Rs)
Rs (in Crores)

0
1722.04
0
1726.99

0
1601.81
0
1606.01

0
1393.41
0
1396.61

0.1
1096.19
0
1099.22

0.05
900.38
0
902.62

29.86
1356.48
100.09
0

36.41
1250.24
87.18
0

36.77
1129.93
69.16
0

24.79
881.73
59.57
48.71

21.14
696.33
49.3
43.95

140.63
0
0

126.89
0
0

106.28
0
0

41.34
0
0

38.49
0
0

1627.06
94.98
99.94
25
0
74.93
13.22
61.71
15.9

1500.72
101.09
105.29
22.02
0
83.27
16.7
66.57
13.69

1342.14
51.26
54.47
21.19
0
33.28
19.71
13.58
4.24

1056.13
40.06
43.09
19.94
0
23.15
21.28
1.87
1.84

849.21
51.18
53.41
19.64
0
33.77
22.63
11.14
4.98

45.81
-0.5

52.88
-2.91

9.33
0

0.04
-0.19

6.15
-0.43

0
0
45.31

0
0
49.96

0
0
9.33

1.28
0
1.12

-0.13
0.13
5.72

0
5.78
24.9

0
2.87
24.77

0
1.93
16.75

0
1.16
10.05

0
2.08
18

231.99
19.53

116
43.07

115.3
8.1

115.3
0.97

115.3
4.96

KWALITY Kwality Limited is engaged in providing dairy products. The Companys portfolio includes
milk, milk powder, ghee, instant dairy creamer, diary mix, curd and buttermilk. The
Companys curd made from 100 % pasteurized toned cows milk. Its skimmed milk powder
is made from fresh full fat milk and is completely free from artificial flavors and colors. It
can be used for making milk, tea, coffee, curd, lassi, mishthi doi, milk shake, ice cream,
pudding and sweets. Its instant dairy creamer contains milk solids, milk fat sucrose, and
emulsifiers. It is for making, milk, tea, coffee, curd, lassi, mishthi doi, milk shake, ice
cream, pudding and sweets. Its fresh and soft Paneer (cottage cheese) is another pure
product made from fresh milk.
BalanceSheet - Kwality Ltd.
Rs (in Crores)
Particulars
Liabilities

Mar'14
12 Months

Mar'13
12 Months

Mar'12
12 Months

Mar'11
12 Months

Mar'10
12 Months

20.32

20.32

20.32

20.32

18.2

Reserves & Surplus

377.77
398.09

253.52
273.84

159.35
179.67

70.73
91.05

29.28
47.48

Secured Loan

898.84

777.05

550.83

364.64

168.26

95

85.78

100.19

60.16

50.64

1391.93

1136.67

830.7

515.85

266.38

147.32

108.29

89.13

59.74

32.21

48.2
99.12

35.36
72.93

25.12
64.01

17.84
41.91

14.35
17.85

22

8.61

0.09

0.39

6.27
167.48

5.65
98.66

1.43
98.74

0
63.42

0
48.58

Sundry Debtors

1199.99

930.9

656.24

411.71

261.8

Cash and Bank

12.72

32.39

8.89

1.53

2.18

Loans and Advances

74.05

88.75

58.28

37.29

11.18

1454.24

1150.71

822.16

513.95

323.74

154.66
35.05

76.18
25.05

41.53
15.46

23.71
16.49

62.11
13.49

Share Capital

Unsecured Loan
TOTAL LIABILITIES
Assets
Gross Block
(-) Acc. Depreciation
Net Block
Capital Work in Progress
Investments
Inventories

Total Current Assets

Total Current Liabilities

189.7

101.23

56.99

40.2

75.6

1264.54

1049.48

765.17

473.75

248.14

0.19

1391.93

1136.67

830.7

515.85

266.38

Profit & Loss - Kwality Ltd.Rs (in Crores)

Mar'13
12Months

Mar'12
12Months

Mar'11
12Months

Mar'10
12Months

NET CURRENT ASSETS

Sales Turnover
Excise Duty

4578.05
0

3692.29
0

2394.63
0

1608.04
0

1054.12
0

NET SALES

4578.05

3692.29

2394.63

1608.04

1054.12

Other Income

TOTAL INCOME
EXPENDITURE:

4582

3693

2394.72

1608.25

1054.22

Manufacturing Expenses

18.71

14.21

7.78

15.12

9.44

4203.62

3396.1

2180.29

1470.86

980.44

17.95

13.48

8.56

3.92

2.19

12.75

7.87

65.69

55.18

32.82

4.37

2.03

Expenses Capitalised

Provisions Made

4305.97

3478.96

2229.45

1507.02

1001.97

272.08
276.03

213.33
214.04

165.18
165.26

101.02
101.23

52.16
52.26

12.91

10.29

7.5

3.53

1.83

0
263.12
112.61
150.51
23.88

0
203.75
92.28
111.48
11.95

0
157.77
65.09
92.67
1.69

0
97.7
37.12
60.58
14.63

0
50.43
20.68
29.75
11.19

Material Consumed
Personal Expenses
Selling Expenses
Administrative Expenses

TOTAL EXPENDITURE
Operating Profit
EBITDA
Depreciation
Other Write-offs
EBIT
Interest
EBT
Taxes

Profit and Loss for the Year

126.63

99.53

90.99

45.95

18.56

Non Recurring Items

-3

-0.01

Other Non Cash Adjustments

-0.61

Other Adjustments

REPORTED PAT
KEY ITEMS

126.63

96.53

90.99

45.94

17.95

1.69

2.03

1.7

1.69

2.03

8.3

10

8.37

8.3

11.16

Shares in Issue (Lakhs)

2031.86

2031.86

2031.86

2031.86

1820

EPS - Annualised (Rs)

6.23

4.75

4.48

2.26

0.99

Preference Dividend
Equity Dividend
Equity Dividend (%)

Rs (in Crores)