A Summer Training Project Report on

Working Capital Management of Eveready Industry Ltd.

In Bhopal city

Submitted for
The partial fulfillment of The Master of Business Administration program of Barakatullah University Bhopal Submitted by:

Ravinder Pal Singh Gambhir

MBA IIIrd Semester 8th Batch 2011-13
Under the Supervision of

Ms. Priyanka Tanwar Assistant Professor

Oriental College of Management Bhopal (M.P)

2013
1

Certificate

This is to certify that Javed Khan a student of MBA IIIrd semester, Oriental college of Management, Bhopal, has completed the summer training project report entitled Cash Management Of Triwin Infra in Bhopal city, under my supervision in partial fulfillment of the MASTER OF BUSINESS ADMINISTRATION PROGRAM of Barakatullah university Bhopal.

Mr. Manoj Kumar Assistant Professor OCM BHOPAL

Date: Place:Bhopal

DECLARATION

I hereby declare that the project report entitled Cash Management Of Triwin Infra submitted for the degree of Master of business Administration, is my original work and the Project report has not formed the basis for the award of any diploma degree, associate ship, fellowship or similar other titles. It has not been submitted to any other university or institution for award of any degree or diploma.
.

Javed Khan MBA III sem

ACKNOWLEDGEMENT

As any one who has written a project work, or research work, it is quite impossible to acknowledge by name every individual who has played some part in this work. I feel it difficult to express in words my profound sense of gratitude to most respected persons who helped mw to make this work possible. This project report is a sincere attempt to carefully and systematically gather facts about Cash Management in Triwin Infra as part of course curriculum of Master of Business Administration (MBA) degree. I acknowledge my gratitude to respected Director Dr. Chandra Lata Singh has been kind enough to suggest improvement of this work and make it broad based. I would like to express my sincere regards and thanks to Mrs. Sikha Bhargav (HOD) my project supervisor Mr. Manoj Kumar and my entire faculty members for their guideline and support. I would like to thanks everyone who gives their contribution to my project. Specially Mr. Tarun Banerjee (activation head), who help to understand market situation during the internship program. Finally of course great debts are owed to my all friends and family whose wholehearted support has given me the inspiration and dedication to complete this work.

PREFACE
The research provides an opportunity to a student to demonstrate application of his / her knowledge , skill and competencies required during the technical session . Research also helps the students to devote his /her skill to analyze the problem to suggest alternative solutions, to evaluate them and to provide feasible recommendation on the provided data.

The research is on the topic of CASH MANAGEMENT OF TRIWIN INFRA . Although I have tried my level best to prepare this report an error free report every effort has been made to offer the most authentic position with accuracy.

CONTENTS

Chapter no. 1.
2. Introduction

Topic

Page no 7-15 16-23 24-25 26-28 29-37 38-39 40-41 42-43 44-45 46-47

Company profile

3.

Objective

4.

Research methodology

5.

Data analysis and interpretation

6.

Observation and findings

7.

Conclusion

8.

Suggestion

Bibliography

Annexure

Chapter - I Introduction

INTRODUCTION
Cash the most liquid assets is of vital importance to the daily operations of business firms cash is the basic input needed to keep business running on a continuous basic it is also the ultimate output expected to be realized by selling the service or the product manufactured by the firm. In view of its importance, it is referred to as lifeblood of a business enterprise.

The firm needs cash for two primary reasons: (a) to meet the needs of day-to-day transactions. (b) To protect the firm against uncertainties characterizing its cash flow. The firm should keep sufficient cash; neither more nor less, cash shortage will disrupt the firms manufacturing operation, while excessive cash will simply remain idle without contributing anything towards the firm profitability. Thus a major function of a financial manager is to maintain a sound cash position.

Cash management is concerned with the managing of: (a) Cash flows into and out of the firm. (b) Cash flow within the firm. (c) Cash balances held by the firm at a point of by financing deficit or investing surplus cash.

Cash management is a broad term that refers to the collection, concentration, and disbursement of cash. The goal is to manage the cash balances of an enterprise in such a way as to maximize the availability of cash not invested in fixed assets or inventories and to do so in such a way as to avoid the risk of insolvency. Factors monitored as a part of cash management include a company's level of liquidity, its management of cash balances, and its short-term investment strategies.

In some ways, managing cash flow is the most important job of business managers. If at any time a company fails to pay an obligation when it is due because of the lack of cash, the company is insolvent. Insolvency is the primary reason firms go bankrupt. Obviously, the prospect of such a dire consequence should compel companies to manage their cash with care. Moreover, efficient cash management means more than just preventing bankruptcy. It improves the profitability and reduces the risk to which the firm is exposed.

Cash management is particularly important for new and growing businesses. Cash flow can be a problem even when a small business has numerous clients, offers a product superior to that offered by its competitors, and enjoys a sterling reputation in its industry. Companies suffering from cash flow problems have no margin of safety in case of unanticipated expenses. They also may experience trouble in finding the funds for innovation or expansion. It is, somewhat ironically, easier to borrow money when you have money. Finally, poor cash flow makes it difficult to hire and retain good employees.

It is only natural that major business expenses are incurred in the production of goods or the provision of services. In most cases, a business incurs such expenses before the corresponding payment is received from customers. In addition, employee salaries and other expenses drain considerable funds from most businesses. These factors make effective cash management an essential part of any business's financial planning. Cash is the lifeblood of a business. Managing it efficiently is essential for success.

When cash is received in exchange for products or services rendered, many small business owners, intent on growing their company and tamping down debt, spend most or all of these funds. But while such priorities are laudable, they should leave room for businesses to absorb lean financial times down the line. The key to successful cash management, therefore, lies in tabulating realistic projections, monitoring collections and

disbursements, establishing effective billing and collection measures, and adhering to budgetary restrictions.

Cash is money that is easily accessible either in the bank or in the business. It is not inventory, it is not accounts receivable, and it is not property. These might be converted to cash at some point in time, but it takes cash on hand or in the bank to pay suppliers, to pay the rent, and to meet the payroll. Profit growth does not always mean more cash.

Profit is the amount of money you expect to make if all customers paid on time and if your expenses were spread out evenly over the time period being measured. However, it is not your day-to-day reality. Cash is what you must have to keep the doors of your business open. Over time, a company's profits are of little value if they are not accompanied by positive net cash flow. You can't spend profit; you can only spend cash.

Cash Flow refers to the flow of cash into and out of a business over a period of time. The outflow of cash is measured by the money you pay every month to salaries, suppliers, and creditors. The inflows are the cash you receive from customers, lenders, and investors.

Positive Cash Flow If the cash coming into the business is more than the cash going out of the business, the company has a positive cash flow. A positive cash flow is very good and the only concern here is managing the excess cash prudently.

Negative Cash Flow If the cash going out of the business is more than the cash coming into the business, the company has a negative cash flow. A negative cash flow can be caused by a number of problems that result in a shortage of cash, such as too much or obsolete inventory, or poor collections on accounts receivable. If the company doesn't have money in the bank or can't borrow additional cash at this point, it may be in serious trouble.
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A Cash Flow Statement is typically divided into three components so that you can see and understand both the internal and external sources and uses of cash. Operating Cash Flow (Internal) Operating cash flow, often referred to as working capital, is the cash flow generated from internal operations. It is the cash generated from sales of the product or service of your business. Because it is generated internally, it is under your control.

Investing Cash Flow (Internal) Investing cash flow is generated internally from non-operating activities. This component would include investments in plant and equipment or other fixed assets, nonrecurring gains or losses, or other sources and uses of cash outside of normal operations. Financing Cash Flow (External) Financing cash flow is the cash to and from external sources, such as lenders, investors and shareholders. A new loan, the repayment of a loan, the issuance of stock and the payment of dividend are some of the activities that would be included in this section of the cash flow statement.

Good cash management means: Knowing when, where, and how your cash needs will occur, Knowing what the best sources are for meeting additional cash needs; and, Being prepared to meet these needs when they occur, by keeping good relationships with bankers and other creditors. The starting point for avoiding a cash crisis is to develop a cash flow projection. Smart business owners know how to develop both short-term (weekly, monthly) cash flow projections to help them manage daily cash, and long-term (annual, 3-5 year) cash flow projections to help them develop the necessary capital strategy to meet their business needs. They also prepare and use historical cash flow statements to gain an understanding about where all the money went.

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OBJECTIVE OF CASH MANAGEMENT

To meet day-to-day business requirement. To provide for schedule major payment i.e. capital expenditure. To face unexpected cash drain. To maintain image of credit worthiness. To seize potential opportunities for profitable long-term investments. To meet requirement of bank relationship. Efficient cash management function calls for cash planning, evaluation of benefits and cash inflows and outflows. This or achieving goals and objectives of cash management, finance manager has to plan cash needs of the firms followed by cash flow management determination of optimum level of cash and finally investment of surplus. Cash planning: -cash planning is a technique to plant and control the use of cash. It protects the financial condition of the firm by developing a projected cash statement from forecast of expected cash inflows and outflows for a given period. The forecast may be based on the present operation or the anticipated future may be based on the present operation or the anticipated operation. Cash plants are very crucial in developing the overall operating plans of the firm. Cash planning may be done on daily. Weekly or monthly basis. The period and frequency of cash planning depends the size of the firm and philosophy of management.

System of cash management: The very important methods to speed up collection process are (1.) concentration banking and (2.) lock-box system. (1.) Concentration banking: in concentration banking the company establishes a number of strategic collection centers in different regions instead of a single collection center at a head office.

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(2.) Lock-box system: another means to accelerate the flow of funds is a lock box system. With concentration banking, remittances are received by a collection center and deposited in the bank after processing. Under this arrangement, the company rents the local post office box and authorizes its bank at each of the locations to pick up remittances in the boxes. The cost is almost directly proportional to the number of cheques deposited. Lock box arrangements are usually not profitable if the average remittance is small.

Different kinds of float with reference to management of cash: The term float is used to refer to the periods that affect cash as it moves though the different stages of the collection process. Four kinds of float with reference to management of cash are: Billing float: - an invoice is the formal document that a seller prepares and sends to the purchaser as the payment request for goods sold or services provided. The time between the sale and the mailing of the invoice is the billing float. Mail float: - this is the time when a cheque is being processed by post office, messenger service or other means of delivery. Cheque processing float: this is the time required for the seller to sort, record and deposit the cheque after it has been received by the company. Bank processing float: this is the time from the deposit of the cheque to the crediting of funds in the sellers account.

Cash management in a highly centralized organization:

A highly centralized

organization implies that the decision- making authority tends to concentrate with top the management at the head office. The head office controls the various divisions closely. Such a form of organization requires quick and effective information links. The centralized cash control system in the organization ensures that: Cash is collected speedily from the various centers, each of which should have optimum liquidity to meet its needs, and

13

 Cash in excess of requirements is speedily invested. Advantages of centralized cash system: Excess cash at various units can be effectively used for various purpose and improvements. Deficit of cash at various units can be sorted out through centralized system. Ideal cash at various units may be noted or avoided.

Cash management in a highly decentralized organization: Cash management in a centralized organization is based upon centralized control over cash inflows and outflows. In a decentralized organization this may not be possible on account of the relatively independent authority that each divisional manager enjoys. Hence, cash management in such an organization has different characteristics.

14

15

CHAPTER-II COMPANY PROFILE

16

COMPANY PROFILE

Looking back, looking forward Reliance Group, an offshoot of the Group founded by Shri Dhirubhai H Ambani (19322002), ranks among Indias top three private sector business houses in terms of net worth. The group has business interests that range from telecommunications (Reliance Communications Limited) to financial services (Reliance Capital Ltd) and the generation and distribution of power (Reliance Infrastructure Limited). Reliance Groups flagship company, Reliance Communications, is India's largest private sector information and communications company, with over 150 million subscribers. It has established a pan-India, high-capacity, integrated (wireless and wireline), convergent (voice, data and video) digital network, to offer services spanning the entire infocomm value chain. Other major group companies Reliance Capital and Reliance Infrastructure are widely acknowledged as the market leaders in their respective areas of operation.

17

GROUP PROFILE The Late Dhirubhai Ambani dreamt of a digital India an India where the common man would have access to affordable means of information and communication. Dhirubhai, who single-handedly built Indias largest private sector company virtually from scratch, had stated as early as 1999: Make the tools of information and communication available to people at an affordable cost. They will overcome the handicaps of illiteracy and lack of mobility.

It was with this belief in mind that Reliance Communications (formerly Reliance Infocomm) started laying 60,000 route kilometres of a pan-India fibre optic backbone. This backbone was commissioned on 28 December 2002, the auspicious occasion of Dhirubhais 70th birthday, though sadly after his unexpected demise on 6 July 2002.

Reliance Communications has a reliable, high-capacity, integrated (both wireless and wireline) and convergent (voice, data and video) digital network. It is capable of delivering a range of services spanning the entire infocomm (information and communication) value chain, including infrastructure and services for enterprises as well as individuals, applications, and consulting.

Today, Reliance Communications is revolutionising the way India communicates and networks, truly bringing about a new way of life.

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VISION

19

MISSION

We will create world-class benchmarks by: Meeting and exceeding Customer expectations with a segmented approach Establishing, re-engineering and automating Processes to make them customer centric, efficient and effective Incessant offering of Products and Services that are value for money and excite customers Providing a Network experience that is best in the industry Building Reliance into an iconic Brand which is benchmarked by others and leads industry in Intention to Purchase and Loyalty Developing a professional Leadership team that inspires, nurtures talent and propagates RCOM Values by personal example.

20

MOBILE

Business India s leading integrated telecom company Reliance Communications is the flagship company of the Reliance Group. Listed on the National Stock Exchange and the Bombay Stock Exchange, it is Indias leading integrated telecommunication company with over 150 million customers.

Our business encompasses a complete range of telecom services covering mobile and fixed line telephony. It includes broadband, national and international long distance services and data services along with an exhaustive range of value-added services and applications. Our constant endeavour is to provide an enhanced customer experience and achieve customer satisfaction by upscaling the productivity of the enterprises and individuals we serve.

Reliance Mobile (formerly Reliance India Mobile), launched on 28 December 2002, coinciding with the joyous occasion of the late Dhirubhai Ambanis 70th birthday, was among the initial initiatives of Reliance Communications. It marked the auspicious beginning of Dhirubhais dream of ushering in a digital revolution in India. Today, we can proudly claim that we were instrumental in harnessing the true power of information and communication, by bestowing it in the hands of the common man at affordable rates.

We endeavour to further extend our efforts beyond the traditional value chain by developing and deploying complete telecom solutions for the entire spectrum of society.

21

Wireless Reliance Mobile With over 150 million subscribers across India, Reliance Mobile is Indias largest mobile service brand. Reliance Mobile services now cover over 24,000 towns, 6 lakh villages, and still counting.

We have achieved many milestones in this short journey. In 2003, AC Nielsen voted Reliance Mobile (formerly Reliance India Mobile) as Indias Most Trusted Telecom Brand. In July 2003, it created a world record by adding one million subscribers in a matter of just 10 days through its Monsoon Hungama offer. What sets Reliance Mobile apart is the fact that nearly 90 per cent of our handsets are data-enabled, and can access hundreds of Java applications on Reliance Mobile World.

Reliance Mobile has ushered in a mobile revolution by offering advanced multimedia handsets to the common man at very affordable rates. This innovative low pricing has increased the number of mobile phone users and its result is clearly reflected in the meteoric rise in Indias tele-density over the past four years.

Our pan-India wireless network runs on CDMA2000 1x technology, which has superior voice and data capabilities compared to other cellular mobile technologies. CDMA2000 1x is more cost-effective as it utilises the scarce radio spectrum more efficiently than other technologies do. Enhanced voice clarity, superior data speed of up to 144 kbps and seamless migration to newer generations of mobile technologies are some of its key differentiators.

22

R World The R World suite of Reliance Mobile is a unique Java-based application. Its uniqueness lies in the fact that it enables complex Internet application to be introduced in mobile phones effectively and quickly. R World receives over 1.5 billion page views per month from Reliance Mobile users.

R World offers a wide array of applications that include hourly news updates, high quality headline video clips, downloadable multi-lingual ring tones, seasonal updates including festival specials, city and TV specials, exam results, astrology, mobile banking, bill payment.

With over 150 data applications offering varied services - unique to any wireless service in India - R World is truly a treasure house of knowledge, information, entertainment and commerce.

23

CHAPTER - III OBJECTIVES

24

OBJECTIVE
Primary Objective: To analyze the cash management system in Triwin Infra. Secondary Objective: To analyze the Opening and Closing Cash Equivalents in Triwin Infra. To analyze the profit before tax of Triwin Infra. To evaluate the liquidity position of the Triwin Infra. To analysis the profitability of the Triwin Infra.

25

CHAPTER - IV RESEARCH METHODOLOGY

26

RESEARCH METHODOLOGY
This study helps to analyze the Cash Management in Reliance Communications. This study is constructed on the basis of descriptive design.

METHODS OF DATA COLLECTION

Basically there are methods of data collection they are: Primary data Secondary data

To achieve the objective, information is collected through secondary data. Secondary data one those which have been already been collected. it may be published or unpublished data.

Some of the data are collected through visit and personal observation. But mainly data are collected form financial statement (annual report) of BSNL. all the information which are collected, through data are analyzed interpreted and tabulated to full fill be objective.

In this study I have used Secondary Data.

27

TOOLS OF ANALYSIS
It is essential to use a systematic research methodology for the assessment of a project because without the use of a research methodology analysis of any company or organization will not be possible.

In the present analysis mostly secondary data have been used. It is worth a while to mention that I have used the following types of published data : Balance Sheet Profit & Loss A/c Prospectus of the Company General Body meeting reports Schedules Cash Statements

LIMITATIONS OF THE STUDY

The research work is mainly based on secondary data that is, it is based on audited accounts and its audited accounts are ambiguous then the result will be misleading. Less importance has been given to primary data which is actually the original data and more reliable. The research work is completed in five months, which is not enough for any type of proper and reliable research work.

28

CHAPTER - V DATA ANALYSIS & INTERPRETATION

29

DATA ANALYSIS & INTERPRETATION

CASH FLOW

Mar '12 Net Profit Before Tax Net Cash From Operating Activities Net Cash (used in)/from Investing Activities Net Cash (used in)/from Financing Activities Net (decrease)/increase In Cash and Cash Equivalents Opening Cash & Cash Equivalents Closing Cash & Cash Equivalents 155.00 3338.00

Mar '11 -859.51 725.56

Mar '10 619.47 1043.88

Mar '09 4815.07 1884.87

Mar '08 2604.09 2982.80

-2115.00

-2800.94

4339.32

-7650.54

-11263.87

-4859.00

5807.12

-5868.66

6405.25

6234.75

-3636.00

3731.74

-485.46

639.58

-2046.32

3814.00

81.47

567.64

205.57

2240.40

178.00

3813.21

82.18

845.15

192.66

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NET PROFIT BEFORE TAX Mar '08 Net Profit Before Tax
6000

Mar '09 4815.07

Mar '10 619.47

Mar '11 -859.51

Mar '12 155.00

2604.09

5000

4000

3000

2000

1000

0 Mar '08 -1000 Mar '09 Mar '10 Mar '11 Mar '12

-2000

Interpretation: Net Profit Margin of Reliance Communication increased during the year 2012 and in the year 2011 it was -859.51. This is a good sign for the company.

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NET CASH FROM OPERATING ACTIVITIES Mar '08 Net Cash From Operating Activities
4000

Mar '09 1884.87

Mar '10 1043.88

Mar '11 725.56

Mar '12 3338.00

2982.80

3500

3000

2500

2000

1500

1000

500

0 Mar '08 Mar '09 Mar '10 Mar '11 Mar '12

Interpretation: Net Cash from Operating Activities increased during the year 2012. In the year 2012 it was 3338.00 crores and in the year 2011 it was 725.56.

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NET CASH (USED IN)/FROM INVESTING ACTIVITIES Mar '08 NET CASH (Used In)/From Investing Activities)
6000

Mar '09 -7650.54

Mar '10 4339.32

Mar '11 -2800.94

Mar '12 -2115.00

-11263.87

4000

2000

0 Mar '08 -2000 Mar '09 Mar '10 Mar '11 Mar '12

-4000

-6000

-8000

-10000

-12000

-14000

Interpretation: Net Cash Used in from Investing activities is in negative. In the year 2012 it was 2115.00 crores and in the year 2011 it was -2800.94.

33

NET CASH (USED IN)/FROM FINANCING ACTIVITIES Mar '08 NET CASH (Used In)/From Investing Activities)
8000

Mar '09 6405.25

Mar '10 -5868.66

Mar '11 5807.12

Mar '12 -4859.00

6234.75

6000

4000

2000

0 Mar '08 -2000 Mar '09 Mar '10 Mar '11 Mar '12

-4000

-6000

-8000

Interpretation: Net Cash (Used In) /From Investing Activities of the company decreased during the year 2012 which is good for the company.

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NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS Mar '08 Net (decrease)/increase In Cash and Cash Equivalents
5000

Mar '09 639.58

Mar '10 -485.46

Mar '11 3731.74

Mar '12 -3636.00

-2046.32

4000

3000

2000

1000

0 Mar '08 -1000 Mar '09 Mar '10 Mar '11 Mar '12

-2000

-3000

-4000

-5000

Interpretation: Net Cash and Cash Equivalents decreased during the year 2012 it was -3636.00.

35

NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS Mar '08 Opening Cash & Cash Equivalents
4500

Mar '09 845.15

Mar '10 82.18

Mar '11 3813.21

Mar '12 178.00

192.66

4000

3500

3000

2500

2000

1500

1000

500

0 Mar '08 Mar '09 Mar '10 Mar '11 Mar '12

Interpretation: Operating Cash and Cash Equivalents decreased during the year 2012. In the year March 2012 it was 178.00.

36

NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS Mar '08 Closing Cash & Cash Equivalents
4500

Mar '09 845.15

Mar '10 82.18

Mar '11 3813.21

Mar '12 178.00

192.66

4000

3500

3000

2500

2000

1500

1000

500

0 Mar '08 Mar '09 Mar '10 Mar '11 Mar '12

Interpretation: Closing Cash and Cash Equivalents decreased during the year 2012. In the year 2012 it was 178 Crores in the year 2011 it was Rs. 3813.21 crores.

37

CHAPTER - VI OBSERVATIONS & FINDINGS

38

OBSERVATIONS & FINDINGS

Net Profit Margin of Reliance Communication increased during the year 2012 and in the year 2011 it was -859.51. This is a good sign for the company. Net Cash from Operating Activities increased during the year 2012. In the year 2012 it was 3338.00 crores and in the year 2011 it was 725.56 Net Cash Used in from Investing activities is in negative. In the year 2012 it was 2115.00 crores and in the year 2011 it was -2800.94. Net Cash (Used In) /From Investing Activities of the company decreased during the year 2012 which is good for the company. Net Cash and Cash Equivalents decreased during the year 2012 it was -3636.00. Operating Cash and Cash Equivalents decreased during the year 2012. In the year March 2012 it was 178.00. Closing Cash and Cash Equivalents decreased during the year 2012. In the year 2012 it was 178 Crores in the year 2011 it was Rs. 3813.21 crores.

39

CHAPTER - VII CONCLUSION

40

CONCLUSION
Cash the most liquid assets is of vital importance to the daily operations of business firms cash is the basic input needed to keep business running on a continuous basic it is also the ultimate output expected to be realized by selling the service or the product manufactured by the firm. In view of its importance, it is referred to as lifeblood of a business enterprise.

Efficient cash management function calls for cash planning, evaluation of benefits and cash inflows and outflows. This or achieving goals and objectives of cash management, finance manager has to plan cash needs of the firms followed by cash flow management determination of optimum level of cash and finally investment of surplus.

In this project I have studied and analyzed the cash management process of .It was found that opening cash and cash equivalents is increasing year by year. It was found that Closing Cash and Cash Equivalents decreased during the year 2012. In the year 2012 it was 178 Crores in the year 2011 it was Rs. 3813.21 crores. This is not a good sign for the company.

41

CHAPTER -VIII SUGGESTIONS

42

SUGGESTIONS
Cash must be managed properly. Management of the company should review the credit policy so as to reduce accounts receivable. This could be done by taking into the consideration of following measures: Company should increase the collection efforts. This could be done by planning the collection. Company should reduce its risk by taking risk management decisions. Company should diversify its investment in the coming years , so that it can get proper return.

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BIBLIOGRAPHY

44

BIBLIOGRAPHY
Books : Kothari C.R;Research methodology-methods & techniques, second edition, vishwa prakashan Delhi(1990). Gupta Sunita, Management of Working Capital,First Edition,New Century Publications,New Delhi(2003). Chandra Prasana, Financial Management,TMH, 4th Edition, 1997, New Delhi Gupta S.P., Management Accounting, Sahitya Bhawan Pub.,2002. Pandey I.M., Financial Management,Seventh Edition,Vikas Publishing House, New Delhi.

Websites: www.ramco.com www.myiris.com www.ibef.org

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ANNEXURE

46

Annexure

Cash Management Of Triwin Infra

------------------in Rs. Cr. -----------------Mar '12 Mar '11 Mar '10 Mar '09 Mar '08 12mnths 12mnths 12mnths 12mnths 12mnths

Income Sales Turnover Excise Duty Net Sales Other Income Stock Adjustments Total Income Expenditure Raw Materials Power & Fuel Cost Employee Cost Other Manufacturing Expenses Selling and Admin Expenses Miscellaneous Expenses Preoperative Exp Capitalised Total Expenses

1,033.31 54.09 979.22 -74.2 16.09 921.11 661.88 12.93 89 0 0 179.28 0 943.09

1,002.26 51.09 951.17 8.31 -17.58 941.9 585.13 11.15 87.75 8.64 131.76 15.74 -0.26 839.91

1,018.46 44.31 974.15 97.69 26.29 1,098.13 619.39 11.58 75.99 8.85 145.78 12.19 -0.67 873.11

925.31 67.98 857.33 2.05 -34.93 824.45 517.34 12.36 79.11 9.24 110.62 14.92 -4.25 739.34

946.36 99.18 847.18 3.54 20.44 871.16 580.89 13.2 70.54 10.06 110.16 19.2 -2.56 801.49

Mar '12

Mar '11

Mar '10

Mar '09

Mar '08 12mnths 66.13 69.67 53.92 15.75 27.63 2.17 -14.05 9.64 -4.41

12mnths 12mnths 12mnths 12mnths Operating Profit PBDIT Interest PBDT Depreciation Other Written Off Profit Before Tax Extra-ordinary items PBT (Post Extra-ord Items) 52.22 -21.98 36.09 -58.07 24.18 0 -82.25 3.22 -79.03 93.68 101.99 33.28 68.71 24.53 0 44.18 2.04 46.22 127.33 225.02 35.15 189.87 24.13 3 162.74 1.25 163.99 83.06 85.11 42.09 43.02 24.94 2.79 15.29 5.94 21.23

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Tax Reported Net Profit Total Value Addition Preference Dividend Equity Dividend Corporate Dividend Tax Per share data (annualised) Shares in issue (lakhs) Earning Per Share (Rs) Equity Dividend (%) Book Value (Rs)

0.81 -79.85 281.21 0 0 0 726.87 -10.99 0 81

6.85 39.37 254.78 0 3.63 0.59 726.87 5.42 10 90.74

21.78 142.21 253.71 0 3.63 0.6 726.87 19.56 10 85.82

1.83 19.4 222 0 0 0 726.87 2.67 0 66.48

14.91 -19.32 220.6 0 0 0 726.87 -2.66 0 63.81

Source : Dion Global Solutions Limited

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