| Financials |
view the figures in USD |
Soma commenced its operations in a modest way in 1997-98 with a turnover of Rs. 432 Million with Year-On-Year growth of 100% in the subsequent two years. Time and again Soma has proved its execution capabilities across a variety of high value infrastructure construction segments. A strong and diversified order book of Rs.110 Billion is expected to drive earnings in the coming years with substantial growth.
Soma has registered phenomenal growth of 57% during Financial Year 2007-2008 with Rs.17.44 Billion annual turnover. Due to an upsurge in the infrastructure sector coupled with a huge oder book, Soma expects to register revenues of over Rs. 25 Billion during the Financial Year 2008-2009.
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| BALANCE SHEET |
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2007-08 |
2006-07 |
2005-06 |
2004-05 |
2003-04 |
| |
INR |
INR |
INR |
INR |
INR |
| SOURCES OF FUNDS |
| Share Holders Funds |
| Share Capital |
200,846,520 |
96,900,000 |
96,900,000 |
96,900,000 |
76,400,000 |
| Reserves & Surplus |
5,026,744,897 |
1,943,170,977 |
1,353,182,959 |
857,348,325 |
474,375,531 |
| |
5,227,591,417 |
2,040,070,977 |
1,450,082,959 |
954,248,325 |
550,775,531 |
| Deferred Tax Liability |
531,997,372 |
364,788,473 |
271,543,349 |
169,528,251 |
104,708,608 |
| Loan Funds |
| Secured |
6,655,802,548 |
4,398,302,066 |
1,967,842,544 |
925,662,355 |
384,560,486 |
| Unsecured |
3,269,975,241 |
3,952,999,492 |
3,127,667,300 |
1,535,087,498 |
960,770,790 |
| |
9,925,777,789 |
8,351,301,558 |
5,095,509,844 |
2,460,749,853 |
1,345,337,276 |
| Total Funds Employed |
15,685,366,578 |
10,756,161,008 |
6,817,136,152 |
3,584,526,429 |
2,000,815,415 |
| APPLICATION OF FUNDS |
| Fixed Assets |
| Gross Block |
8,800,655,851 |
6,438,836,708 |
4,569,178,094 |
2,134,757,131 |
1,126,312,857 |
| Less: Depreciation |
1,137,759,014 |
768,780,966 |
509,728,059 |
369,360,774 |
289,162,410 |
| |
7,662,896,837 |
5,670,055,743 |
4,059,450,035 |
1,765,396,357 |
837,150,447 |
| Capital work-in-progress |
| Investments |
1,481,299,900 |
902,319,500 |
373,298,000 |
186,700,000 |
154,100,000 |
| Current Assets, Loans & Advances |
| Interest accrued |
34,467,784 |
25,562,032 |
14,416,805 |
3,100,724 |
53,658,985 |
| Inventories |
2,321,980,461 |
1,396,614,125 |
1,476,832,018 |
501,100,034 |
310,885,040 |
| Stock of Bonds |
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624,500,000 |
| Sundry Debtors |
2,979,741,654 |
1,820,098,324 |
473,463,730 |
358,206,950 |
107,275,691 |
| Cash & Bank Balances |
771,029,452 |
388,954,302 |
423,345,537 |
528,604,324 |
138,921,057 |
| Other Current Assets |
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|
|
|
183,860,631 |
| Loans & Advances |
2,245,541,951 |
2,037,455,989 |
1,049,056,139 |
888,376,722 |
194,674,421 |
| |
8,352,761,302 |
5,668,684,772 |
3,437,114,229 |
2,279,388,754 |
1,613,775,825 |
| Less: Current Liabilities & Provisions |
1,811,591,460 |
1,484,899,006 |
1,052,726,112 |
646,958,682 |
604,210,857 |
| Net Current Assets |
6,541,169,842 |
4,183,785,766 |
2,384,388,117 |
1,632,430,072 |
1,009,564,968 |
| Total Funds Utilised |
15,685,366,578 |
10,756,161,008 |
6,817,136,152 |
3,584,526,429 |
2,000,815,415 |
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| PROFIT & LOSS ACCOUNT |
| |
2007-08 |
2006-07 |
2005-06 |
2004-05 |
2003-04 |
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INR |
INR |
INR |
INR |
INR |
| REVENUE |
| Contract Revenues |
17,441,954,027 |
11,089,612,739 |
7,097,991,670 |
3,355,786,665 |
2,684,356,516 |
| Other Revenues |
26,308,361 |
9,123,867 |
12,056,841 |
25,388,379 |
69,742,155 |
| |
17,468,262,388 |
11,098,736,606 |
7,110,048,511 |
3,381,175,044 |
2,754,098,671 |
| Updated Turnover |
| EXPENDITURE |
| Materials Consumed |
4,535,180,306 |
2,615,870,645 |
1,338,991,223 |
489,105,562 |
596,385,864 |
| Works Cost |
7,872,907,335 |
5,574,542,004 |
3,989,817,848 |
1,916,074,099 |
1,534,056,278 |
| Personnel Overheads |
1,146,599,944 |
559,353,061 |
395,566,433 |
123,251,270 |
66,765,712 |
| Administrative Overheads |
760,038,808 |
456,837,916 |
288,992,060 |
211,238,423 |
124,407,032 |
| Financial Overheads |
952,983,023 |
580,285,782 |
184,945,447 |
185,919,803 |
102,845,008 |
| Depreciation |
399,537,555 |
292,911,554 |
169,115,586 |
100,998,140 |
86,622,064 |
| |
15,667,246,972 |
10,079,800,962 |
6,367,428,597 |
3,026,587,297 |
2,511,081,958 |
| Profit for the year |
1,801,015,416 |
1,018,935,644 |
742,619,914 |
354,587,747 |
243,016,713 |
| Provision for taxation |
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| Current |
400,000,000 |
201,500,000 |
121,537,449 |
70,000,000 |
66,600,000 |
| Fringe Benefit Tax |
5,702,152 |
5,259,175 |
1,937,424 |
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| Deferred |
167,208,899 |
93,245,124 |
102,015,098 |
64,819,643 |
22,405,448 |
| Profit after tax |
1,228,104,365 |
718,931,345 |
517,129,943 |
219,768,104 |
154,011,265 |
| Profit brought forward |
1,494,770,977 |
974,750,199 |
533,948,325 |
365,475,531 |
247,907,816 |
| Amount available for appropriation |
2,722,875,342 |
1,586,620,963 |
1,051,045,508 |
585,243,635 |
401,919,081 |
| Appropriations |
| Dividend - Equity |
27,081,435 |
18,100,000 |
18,100,000 |
18,100,000 |
14,000,000 |
| Preference |
|
576,000 |
576,000 |
576,000 |
576,000 |
| Corporate Dividend tax |
4,602,490 |
3,173,986 |
2,619,309 |
2,619,310 |
1,867,550 |
| General Reserve |
120,000,000 |
70,000,000 |
55,000,000 |
30,000,000 |
20,000,000 |
| |
15,1683,925 |
91,849,986 |
76,295,309 |
51,295,310 |
36,443,550 |
| Balance Carried to Balance Sheet |
2,571,191,417 |
1,494,770,977 |
974,782,959 |
533,948,325 |
365,475,531 |
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