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The top 1000 companies are ranked on the basis of their net sales in 2002-2003. Listed manufacturing and service companies are included in the ranking, but financial service firms and banks have been excluded from the study. Loss-making companies have also been excluded from this ranking.
The companies included are those that closed their year between April 1, 2002, and March 31, 2003, and between May 31, 2003, and September 30, 2003. We also included companies we have data on, but left out those whose balance sheets for 2002-2003 were not available.
The BS 1000 companies are ranked on the basis of their net sales, operating profit, gross profit, net profit, assets and net worth for 2002-2003. The companies are also evaluated on a composite scale, provided in the main tables.
We have provided an additional information of dividend per share paid by BS giant during the last three year. Dividend per share data has not been adjusted, in case the companies have changed their paid up value per share on account of stock split.
This year, we have introduced consolidated sales and net profit ranking to show the real worth of standalone entities along with their subsidiaries. The consolidated accounts of has been required under accounting standard (AS) 21. Consolidated financial statements are presented by a parent (also known as holding enterprise) to provide financial information about the economic activities of its group.
These statements are intended to present financial information about a parent and its subsidiary(ies) as a single economic entity to show the economic resources controlled by the group, the obligations of the group and results the group achieves with its resources. The consolidated balance sheet, profit and loss account and cash flow statement giver a true and fair view of the company and its subsidiary.
The super rankings have been arrived at by weighting the rate of growth in the six variables mentioned above and the growth in market capitalisation. The super ranking excludes non-traded companies, companies with negative earnings and those with a negative net worth.
Annual reports for the BS 1000 giants was sourced from respective companies and also from old paper mart. Annual reports also source from Sansco
Services:www.business.vsnl.com/ annualreportslibrary/sansco.html
| Glossary |
Net sales:
Gross sales, net of excise duty and sales tax.
Consolidated net sales:
Net sales of the standalone company and its
subsidiary.
Total Income:
Gross sales plus other income.
Operating profit: Profit before interest, depreciation and taxation.
Net profit: Profit after tax, excluding prior period adjustment and extraordinary items.
Consolidated net profit: Profit after tax of
standalone company and its subsidiaries.
Cash profit: Profit after tax but before depreciation.
Dividend per share: Dividends paid on paid up value of the share.
Assets: Capital employed plus liabilities and
provision, excluding accumulated losses and advance tax provisions.
Net worth: Equity and preference capital plus reserves and surplus excluding accumulated losses.
Exports: Total foreign exchange earnings
(FOB plus other export income).
Imports: CIF value and other foreign expenditure.
Market Capitalisation: The market price as on January 16, 2004 multiplied by the number of shares outstanding. |
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