The Reserve Bank of India today released on its website data related to Finances of Non-Government Non-Financial (NGNF) Private Limited Companies for 2013-14. The data have been compiled based on audited annual accounts of 2,55,426 NGNF private limited companies received from Ministry of Corporate Affairs (MCA). These are based on their Extensible Business Reporting Language (XBRL) and Form 23AC/ACA (Non-XBRL) systems. The data provide a comparative picture over the three-year period 2011-12 to 2013-14. ‘Explanatory notes’ on data are given in the Annex. Main Findings: -
Sales and operating expenses registered a decelerated growth of 11.4 per cent and 10.7 per cent, respectively in 2013-14 as compared with the previous year. Growth in earnings before interest, tax, depreciation and amortization (EBITDA) and depreciation provision also decelerated to 15.8 per cent and 14.4 per cent, respectively in 2013-14 as compared with the growth of 16.0 and 17.0 per cent, respectively in 2012-13. -
Sales of manufacturing and services sectors of NGNF Private limited companies witnessed a lower growth in 2013-14. For the manufacturing sector, the lower growth in sales was mainly contributed by ‘Motor vehicle and other transport equipments’ and ‘Iron and steel’ industries. -
Profit margins, as measured by EBITDA to sales, increased both for manufacturing and services sector in 2013-14. -
At the aggregate level, lower growth in total net assets in all sectors led to decelerated growth of total net assets at 10.8 per cent in 2013-14 from 14.5 per cent in the previous year. -
The return on equity witnessed a marginal increase in 2013-14 at the aggregate level. -
The total borrowings of the select NGNF private limited companies registered a significant lower growth of 13.2 per cent in 2013-14 as compared to 22.7 per cent in 2012-13. -
Increase in leverage was observed in ‘construction’ ‘real estate’ & ‘electrical machinery and apparatus’ industries. Debt to equity ratio continued to follow an increasing trend in the study period, i.e. 2011-12 to 2013-14. 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 2015 issue of the RBI Bulletin. Sangeeta Das
Director Press Release : 2015-2016/962 | |