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  • Sources of Funds: Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05

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    APL Apollo Tubes Bihar Tubes Limited was incorporated on 24th Feb., 1986 as a Private Limited Company. It started a unit at Sikandrabad (U.P.) to manufacture M. S. Pipe. Later on it also set up facilities to manufacture G. I. Pipes. In 1994, The Company also issued 28,80,000 equity shares of Rs. 10 / - each as Bonus shares in the Ratio of 2:5 by capitalising its General Reserves.

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    APL Apollo Tubes Bihar Tubes Limited was incorporated on 24th Feb., 1986 as a Private Limited Company. It started a unit at Sikandrabad (U.P.) to manufacture M. S. Pipe. Later on it also set up facilities to manufacture G. I. Pipes. In 1994, The Company also issued 28,80,000 equity shares of Rs. 10 / - each as Bonus shares in the Ratio of 2:5 by capitalising its General Reserves.

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    17 views2 pages

    Sources of Funds: Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05

    Uploaded by

    shivanginarula37
    APL Apollo Tubes Bihar Tubes Limited was incorporated on 24th Feb., 1986 as a Private Limited Company. It started a unit at Sikandrabad (U.P.) to manufacture M. S. Pipe. Later on it also set up facilities to manufacture G. I. Pipes. In 1994, The Company also issued 28,80,000 equity shares of Rs. 10 / - each as Bonus shares in the Ratio of 2:5 by capitalising its General Reserves.

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    of 2

    Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05

    Sources of funds
    Owner's fund

    Equity share capital 20.30 10.68 3.20 3.12 3.12

    Share application money - 6.44 - - -

    Preference share capital - - - - -

    Reserves & surplus 163.40 50.04 12.32 5.84 4.44

    Loan funds
    Secured loans 137.24 54.72 40.54 23.81 18.54

    Unsecured loans - 12.92 4.83 3.20 2.17

    Total 320.93 134.81 60.89 35.96 28.28

    Uses of funds
    Fixed assets

    Gross block 43.00 27.26 20.07 12.23 11.03

    Less : revaluation reserve - - - - -

    Less : accumulated depreciation 4.86 3.88 2.95 2.71 2.20

    Net block 38.14 23.38 17.12 9.52 8.83

    Capital work-in-progress 4.26 0.09 - - -

    Investments 45.55 2.97 - - -

    Net current assets


    Current assets, loans & advances 253.38 140.13 63.49 40.87 30.58

    Less : current liabilities & provisions 20.39 31.77 19.71 14.42 11.13

    Total net current assets 232.99 108.36 43.77 26.44 19.45

    Miscellaneous expenses not written - - - - -

    Total 320.93 134.81 60.89 35.96 28.28

    Notes:
    Book value of unquoted investments 43.51 1.21 - - -

    Market value of quoted investments 0.87 - - - -

    Contingent liabilities - - - - -

    Number of equity sharesoutstanding (Lacs) 202.97 106.77 31.98 31.18 31.18


    Company History - APL Apollo Tubes
    Bihar Tubes Limited was incorporated on 24th Feb. , 1986 as a Private Limited Company. Mr. S. K.
    Guptaand Mrs. Saroj Rani Gupta were its first Directors. It started a unit at Sikandrabad (U.P.) to
    manufacture M. S. Pipe . Later on it also set up facilities to manufacture G. I. Pipes.

    The Company was converted in to a Public Limited Company on 19th Oct. , 1993. The Company entered in
    to Capital Market by way of a Public Issue amounting to Rs.438 lacs in 1995. In 1994, the company also
    issued 28,80,000 Equity shares of Rs. 10/- each as Bonus shares in the Ratio of 2:5 by capitalising its
    General Reserves. The Company modernised its plant in 2002 with the term loan extended by Union Bank
    of India, Paharganj New Delhi, which is also providing Working Capital assistance to the Company.

    The performance of the company has been excellent and its turnover is increasing every year at a sustained
    growth rate. The Company is also Exporting its products to various countries and also exploring the new
    destinations with vast export potentials. The Company has got the certification as Recognised Export
    House. All its products are BIS marked. The Company is also enjoying ISO 9002 and ISO 9001 certification
    for its operation.

    At present company is having three Tube Mills with total Production capacity of over 53000 M.T. per annum
    of M. S. Pipe and also for Galvanising the same. The company is further expanding its capacity to 80000 M.
    T. per annum at a cost of cost of Rs. 300 Lacs.

    2007

    -The Company has issued Bonus Shares in the Ratio of 1:1.

    2008

    - Bihar Tubes Ltd has informed that the Company bagged order worth INR 150 Million approx from Govt. of
    Himachal Pradesh, Irrigation & Public Health Deptt. Shimla.

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