A

PROJECT REPORT
ON
ADVANCE FINANCIAL MANAGEMENT
ON
RATIO ANALYSIS
AT

Sehat Pharma Pvt. Ltd

IN
B.B.A. PROGRAME
[T.Y.B.B.A.]
PREPARED BY

PATEL JINAL R.
ROLL NO- 120
SUBMITITTED YEAR 2010-11

GUIDED BY
PROF. NILESH PAETL
H.N.S.B. COLLEGE OF MGT. STUDIES

HEMCHNDRACHARY NORTH GUJERAT UNIVERCITY

PATAN
2010-2011

Preface
BBA is related with the practical and theoretical study this study is important
four our overall development of business scenario.

As per our university it is very essential to visit any organization and have to
prepare a report on practical study .

Our BBA programmed provide the practical knowledge as well as theoretical

knowledge in TYBBA we have to visit one inclustrial nit and have to prepare a project
report on it.

Therefore I am training at Brij Health Care Pvt. Ltd.

This report includes the information about different departments of the unit
which I visited throughout my visited time of the company I got knowledge about how to
run a company in a practical.

Acknowledgement
I here by acknowledge my sincere thanks gratitude to partners of Brij Health
Care Pvt. Ltd. they have given full co-operation during our visits.

I would like to give my heart full thanks to the director Mr. Ajit Kotadia & all
the executives who helpful me to prepare this report through my whole visit of the unit.

It would not have been possible for me to prepare this report without help &
co-operation of all those person who guides me continuously.

I would like to thankful my project incharg prof. Mitesh Patel for guiding me on
this report here me fully understanding & information regarding all the department.

INDEX
Sr.No.
1

Particular
Introduction
- Introduction about company
- Introduction about finance
- Introduction about topic
- Introduction about study

Analysis of Topic
(1) Current ratio
(2) Liquid ratio
(3) Inventory to Sales ratio
(4) Debtors to sales ratio
(5) Working capital turnover ratio
(6) Current assets to total assets
(7) Current assets to sales ratio
(8) Net Profit ratio
(9) Gross profit ratio
(10) Stock turnover ratio
(11) Operative ratio
(12) Return on capital employed

Common size Balance sheet

Common size P & L A/c

Finding

Recommendation

Limitation of study

Conclusion

Sr.No.
9

Particular
Appendix
Balance sheet
Profit & loss A\C
Appropriation

11

Bibliography

Introduction
Brij Health Care Pvt. Ltd. produces a wide range of pharmaceutical products this
unit strongly believe in building investment founded in 1996 to feel the need for
supplying Tablet, Liquid-oral/Ointment, Cream-gel etc.

Company with quickest response to the consumers need most effective working
style. In this company experienced persons and modern machines and facilities are
available.

This unit strongly believe in building quantity into the product with established
system with the help of a team of well trained and qualified person.

* Name & address of unit

Brij Healthcare Pvt. Ltd.
51 / 10, G.I.D.C. estate,
Manipuri,

Himmatnagar-383001
Gujarat, India.
* Year of establishment
Company was established in 1996
*

Form of organization
It is a private limited company

* Nature of business
Manufacturer Tablet, Oral Liquid, Ointments, Capsule, Antibiotic, Anti Malarial,
Multi Vitamin, Dry Syrup, Analgesic

Level of expand
Company expanded all over the world and so level of expand is international.

* Name of product
There are some products that company manufactures
= suspension ZIMCAL
= OSTOCAL
= PRG plus
= Warmezole
= GELCID-O
= HAEMTONE
= HAEMTON-Z

* Director of company
Mr. Ishaque Lala & Mr. Zakir Lala

* Managing director of company

Mr. Maqbool Lala,.

* General Manager n of company

Mr. Prasant Joshi

* Bankers
bank of baroda,
kotak mahindra bank ltd
Export import bank of India

Introduction about finance

Financial management is the operational activity of the business that is
responsible for obtaining and effectively unlinking the funds necessary for efficient
operation.

Finance department controls the over all activity of finance like investment
receiving fund day to decision about finance.

Financing and accounting activity records the all activity so that the company
can take decision about working capital cash management inventory management
expenses & investment management decision etc. the prestige of company depends on
finance condition of the company this department is concern with raising fund to get
maximum return on the investment of fund.

Financial management has a wide scope & coverage it is needs in

Accounting tax credit investment raising fund banking raising fund for day to day
requirement and also for short term as well as long term period of time.

Introduction about Topic.

Financial analysis ( Ratio analysis )
Financial statement as prepared and presented annually is of little use
for the guidance of effective investment decision. The relation between two item of the
financial statement is known as ratio.

A ratio is only a comparison of the numerator with the denominator. The term ratio
refers to the numerical or quantitative relationship between two figures. A ratio is the
relationship between two figures and obtained by dividing the former by the letter. Ratios
are designed to show how one number is related to another. It is worked out by dividing
one number by another.

Ratio analysis is an important and age old technique of financial analysis. The
data given in financial statements, in absolute form, and are unable to communicate
anything. Ratios are relative form of financial data and very useful technique to check
upon the efficiency of an organization. Some ratios indicate the trend or the progress or
downfall of an organization. Traditionally banks have looked at certain ratios to assess
whether they have a satisfactory financial soundness. The commonly used ratios are:
Capital position ratio, debt to equity ratio, Capital gearing debt equity share capital
ratio, interest coverage ratio, and debt service coverage ratio etc.

Ratio analysis is an instrument for diagnosis of the financial health of any

organization which is also useful for banking organization. Ratios, in fact, are meaning
and communicate the relative importance of the various items appearing in the Balance
Sheet and Profit and Loss Account.

Ratios refer to the use of the arithmetic expression to highlights relationship

between various figures of financial statements. Ratio may express relationship between
two figures of the profit & loss account & another from balance sheet from available
data, ratio can be computed but only a few are meaningful & of interest to us Ratios of
Specific interest top the ending banking.

Just like a doctor examines his patient by recording his body temperature, blood
pressure etc., before making his conclusion regarding the illness and various tools of
analysis before commenting upon the financial health or weaknesses of an organization
ratio indicates a quantitative relationship which can be in turn used to make a quantitative
judgment.

Importance of Ratio Analysis:

The inter relationship that exists among the different items appeared in the
financial statements, are revealed by accounting ratios. Ratio analysis of a banks
financial statements is of interest to a number of parties, mainly, shareholders, creditors,
depositors, and other future investors.
Aid to measure General Efficiency: Ratios enable the mass of accounting data to
be summarized and simplified. They act as an index of the efficiency of the banks
financial performance. As such they serve as an instrument of management
control.
Aid to measure financial Solvency: Ratios are useful tools in the hands of
management and other concerned to evaluate the banks performance over a period
of time by comparing the present ratio with the past ones. They point out banks
liquidity position to meet its short-term obligations and long term solvency.
Aid in Forecasting and Planning: Ratio analysis is an invaluable aid to
management in the discharge of its basic function such as planning, forecasting,
control, etc. The ratios that are derived after analyzing and scrutinizing the past
result help the management to prepare budgets to formulate policies and to prepare
the future plan of action etc.
Facilitate decision-making: It throws light on the degree of efficiency of the
management and utilization of the assets and that is why it is called surveyor of
efficiency. They help management in decision making.

 Aid in corrective Action: Ratio analysis provides inter-bank comparison. If

comparison shows an unfavorable variance, corrective actions can be initiated.
Aid in Intra firm comparison: Intra bank comparisons are facilitated.

It is an

instrument for diagnosis of financial health of bank. It facilitates the management

to know whether the banks financial position is improving or deteriorating by
setting a trend with the help of ratios.
Act as a Good communication: Ratios are an effective mean of communication
and play a vital role in informing the position of and progress made by the
organization concern to the banks and other interested parties. The communications
by simplified and summarized ratios are more easy and understandable.
Evaluation of Efficiency: Ratio analysis is an effective instrument which, when
properly used, is useful to assess important characteristics of business liquidity,
solvency, profitability etc.
Effective tool: Ratio analysis helps in making effective control of the business
measuring performance, control of cost etc. effective control is the keynote of
better management.

Limitation of Ratio analysis

Ratio analysis is widely used tool of financial analysis. It is because ratios are
simple and easy to understand. But they must be used very carefully. They suffer from
various limitations.
Differences in definitions:
Comparisons are made difficult due to differences in definitions of various
financial terms. Lack of standards formula for working out ratios makes it
difficult to compare them. They are worked out on the basis of different items in
different industries.
Limitations of accounting records: Ratio analysis is based on financial
statements which are themselves subject to limitations.
Lack of Proper standards: It is very difficult to ascertain the standard ratio in
order to make proper comparison.
Changes in Account Procedure: Comparison between two variables proves
worth provided their basis of valuation is identical.
Qualitative factors are ignored: Ratios are tools of quantitative analysis only
and normally qualitative factors which may generally influence the conclusion
derived are ignored while computing ratios. For instance, a high current ratio
may not necessarily mean sound liquid position when current assets include a
large inventory consisting of mostly obsolete items.

 Limited use of single ratio: A single ratio would not be able to convey
anything. Ratio can be useful only when they are computed in a sufficient large
number. If too many ratios are calculated, they are likely to confuse instead of
revealing meaningful conclusion.
Background is overlooked: When inter bank comparison is made, they differ
substantially in age, size, nature of product etc. When an inter bank, comparison
is made, these factors are not considered. Therefore, ratio analysis cannot give
satisfactory results.
Limited use: Ratio analysis is only a beginning and gives just a fraction of
information needed for decision making. Ratio analysis is not a substitute for
sound judgment. Conclusions drawn from the ratio analysis are not sure
indicators of bad or good management.
Personal Bias: Ratios have to be interpreted and different people may interpret
the same ratio different ways. Ratios are only means of financial analysis but not
an end of in themselves. It should be noted that ratios are only tools and the
personal judgment of analyst is more important.
Arithmetic Window dressing: Window dressing means manipulation of
accounts in a way so as to conceal vital facts and presents the statement in a way
to shoe better position than what it actually is. By, doing so, it is possible to cover
up bad financial position. Therefore, ratios based on such figures are not reliable.

Introduction of study
Introduction of subject to study
The subject of study is financial analysis of the Sehat Pharma pvt.
ltd. Company.

Objectives
- To study companies financial position
- To collect general information from finical department
- To analyses the Ratio and trend of the company
- To know cash flow position of company
- To compare the company the companies growth of current year in
respect of past year.
- To grudge the capacity of borrowing of the company .

Data source
There are two type of data source available
(1) primary data source
(2) secondary data source
I preferred both the source for the collection of information about the
company. Some of the information or basic. Information I from the employees working
managers of the company and other information from the website of company or internet
sources.

Scope of study
As Sehat Pharma Pvt. Ltd. is a large scale is a wide scope for my study most of
information is collected from secondary sources to find out various method of Ratio
analysis last 5 years data of last 5 years I analyses Ratio and also interpreter them as per
the comparison of Ratio to the last year or other years Ratio.

Analysis of Topic
In financial analysis Ratio analysis is the most important and widely used tools for
the financial analysis it defines the strength & weakness of the firm as well as its
performance of last 5 years and current financial conditions the term ratio refers to the
proportion or numerical relation of two items

In trend analysis the ratio of two different is calculatateal and then comparison is
made thus trend analysis is depending on ratio to know position of company .

(1) Current Ratio

When current assets is divided by current liabilities is known as current ratio
and it express the relationship between current assets & current liabilities.
Total current assets includes sash and bank balance loans & advances bills
receivables debtors etc.
Current liabilities includes creditors bank credit outstanding expenses bills
payable etc.

Current ratio = total current Assets

/ total current liabilities

(In Lakh)

Particulars

2009

2008

2007

2006

2005

C.A

4419.57

3743.98

2834.68

2292.29

1749.64

C.L

1404.56

1287.79

941.26

908.21

778.44

Ratio

3.15

2.91

3.01

2.52

2.25

3.5
3
2.5

Ratio

1.5
1
0.5
0
2009

2008

2007

2006

2005

interpretation
It means that for every 1 rs of the current liability there is available rs 2.5
current assets to meet the current liabilities it is generally believe that 2:1 ratio shows the
comfortable working capital or current assets should be twice to the current liabilities but
here the current assets in 2009 it was good because ratio is 3.15:1 and in 2008 it also
good be ratio 2.91:1 and in 2007 it also good be ratio 3.1:1 and in 2006 it also good be
ratio 2.52:1 and in 2005 it also good be ratio 2.25:1.

(2) liquid Ratio

liquid ratio shows the relationship between liquid assets & liquid liabilities
liquid assets divided by liquiliabilities so liquid ratio is obtained.
Liquid assets = total c.a- stock
Liquid liabilities = total c.l- bod.

Liquid ratio = liquid assets / liquid liabilities.

(In Lakh)
Particulars

2010

2009

2008

2007

2006

Liquid asset

3021.25

2623.49

1856.08

1335.29

1003.66

Liquid

1012.85

870.98

531.13

635.90

494.46

2.98

3.01

3.50

2.09

2.03

liability
Ratio

3.5
3

2.5
2
Ratio

1.5
1
0.5
0
2009

2008

2007

2006

2005

Interpretation
In Sehat Pharma Pvt. Ltd. ratio in year 2009 is 2.98:1, it is very good for the
company because the standard ratio is 1:1 is helpful in uncertaining in company in year
2008 is 3.01:1, in year 2007 is 3.50:1, in year 2006 is 2.09:1, in year 2005 is 2.03 It is
standard position pf company.

(3) Inventory to sales ratio

This ratio is showing the relationship between inventory & sales how long the
current inventory will last as the present sales volume.

Inventory to sales ratio = inventory / sales * 100

(In Lakh)
Particulars

2009

2008

2007

2006

2005

Inventory

1398.32

1120.49

978.6

957.00

745.68

Sales

4960.60

3997.90

3428.24

2891.36

2181.26

Ratio

28.19%

28.03%

28.55%

33.09%

34.19%

35.00%
30.00%
25.00%
20.00%
Ratio

15.00%
10.00%
5.00%
0.00%
2009

2008

2007

2006

2005

Interpretation
In year 2009, 2008, 2007, 2006, 2005 Ratio is 28.19%, 28.03%, 28.55%, 33.09%,
34.19% Respectively. It was good in all above year because inventory to sales Ratio is
increase and company should increase the sales and decrease the inventory so the ratio of
inventory to sales is automatically decrease.

(4) Debtors to sales Ratio

This ratio should the relation ship between Debtors and sales and
measeres how long the will affect the sales every company wants to decrease their
debts.

Debtors to sales ratio = debtors / sales * 100

(In Lakh)
Particulars

2009

2008

2007

2006

2005

Debtors

1837.15

1393.91

1628.78

875.96

587.32

Sales

4960.60

3997.90

3428.24

2891.36

2181.26

Ratio

37.03%

34.87%

47.51%

30.29%

26.93%

50.00%
45.00%
40.00%
35.00%
30.00%
25.00%

Ratio

20.00%
15.00%
10.00%
5.00%
0.00%
2009

2008

2007

2006

2005

Interpretation
It is good for company that debtors to sales ratio is decreased to 37.03 in
year 2009 in respect to year 2008 it was 34.87 but company should continue and decrease
the debtors ratio because every company wants to decrease debtors to sales ratio as low
as possible so it is good for company to reduce debtors to sales ratio.

( 5) Working capital turnover Ratio

Working capital turnover ratio is a number or time a unit is invested in
working capital to produce sale.
Working capital = Net sales / Net working capital
Net working capital = current assets current liability
(In Lakh)
Particulars

2009

2008

2007

2006

2005

Net sales

4960.60

3997.90

3428.24

2891.36

2181.26

Net W.C.

3015.01

2456.19

1893.42

1384.08

970.60

Ratio

1.65

1.63

1.81

2.09

2.25

2.5
2
1.5
Ratio

1
0.5
0
2009

2008

2007

2006

2005

Interpretation
The high the w.c the low is investment & greater is profit so in 2005 the w.c
turnover is 2.25 it is good but in 2009 it decrease to 1.65 so company should increase the
w.c turnover.

(6) Current assts to total assets

Current assets turnover Ratio is also important it give data howmuch current
assets are included in the total assets.

Current assets to total assets = total ca / total assets.

(In Lakh)
Particulars

2009

2008

2007

2006

2005

C. A.

4419.57

3743.98

2834.68

2292.29

1749.64

Total assets

6859.70

5733.21

4413.74

3458.34

2612.81

Ratio

0.65

0.65

0.64

0.66

0.75

0.76
0.74
0.72
0.7
0.68
Ratio

0.66
0.64
0.62
0.6
0.58
2009

2008

2007

2006

2005

Interpretation
In 2009, 2008, 2007, 2006, 2005 the ratio are 0.65, 0.65, 0.64 ,0.66, 0.75
Respectively in 2005 it is increase to 0.75 so it good for company

(7) current assets to sales

This ratio shows the relationship between current assets and sales what is the
contribution or current assest in sales.

Current assets to sales = C.A. / Sales

(In Lakh)
Particulars

2009

2008

2007

2006

2005

C. A.

4419.57

3743.98

2834.68

2292.29

1749.64

Sales

4960.60

3997.90

3428.24

2891.36

2181.26

Ratio

0.89

0.94

0.83

0.79

0.80

0.95
0.9
0.85
Ratio

0.8
0.75
0.7
2009

2008

2007

2006

2005

Interpretation
In year 2009 ratio is decreased to 0. 89:1 so the contribution of c.a in sales is 0.89
and it is decrease or more as compared to last year .

(8) Net profit ratio

the ratio is valuable for the purchase of ascertaining the overall profitability
of business and shows the efficiency of the business it is the reverase of operating ratio.

Net profit ratio = Net profit / net sales * 100

(In Lakh)
Particulars

2009

2008

2007

2006

2005

Net profit

776.81

701.43

668.03

607.64

409.61

Net Sales

4960.60

3997.90

3428.24

2891.36

2181.26

Ratio

15.66%

17.55%

19.49%

21.02%

18.78%

25.00%
20.00%

15.00%
Ratio

10.00%
5.00%
0.00%

2009

2008

2007

2006

2005

Interpretation
The higher the net profit ratio the better will be the profitability so as
compared to last year the profit ratio is very law in current year so the profitability is also
lower than previous year.

(9) Gross profit ratio

It is the ratio expressing relationship between gross profit earned to net
sales it is an useful indication of the profitability of business.

Gross profit ratio = Gross profit / net sales * 100

(In Lakh)
Particulars

2009

2008

2007

2006

2005

Gross profit

901.31

838.36

807.98

709.84

514.61

Net Sales

4960.60

3997.90

3428.24

2891.36

2181.26

Ratio

18.17%

20.97%

23.57%

24.55%

23.59%

25.00%

20.00%

15.00%
Ratio

10.00%

5.00%

0.00%
2009

2008

2007

2006

2005

Interpretation
It shows that for a sale of every 100 rs a margin of 18.17 rupees is available
from which operating expense of business are to be covered in 2009 which was 20.97 in
2008 and 23.57 in 2007 and 24.55 in 2006 and 23.59 in 2005.

(10) stock turnover ratio

The stock turnover ratio gives the number of times the average stock is
turned over during year it is calculated by dividing cost of goods sold by average stock.
Average stock = ( opening stock + closing stock ) / 2

Stock turnover ratio = cost of good sold / Avg. stock

(In Lakh)
Particulars

2009

2008

2007

2006

2005

Cost of good sold

108.57

91.15

42.61

42.71

67.48

Avg. Stock

715.06

582.66

506.24

421.59

308.17

Ratio

15.18

15.64

8.41

10.13

21.89

25

20
15
Ratio

10
5
0
2009

2008

2007

2006

2005

Interpretation :
That mean during year 2009 average stock is turned over 15 times in 2008.
It is 15 times and in 2007 it is 8 and in 2006 10 times and in 2005 it is 21 times. As
compared to last year It was increases 7 times.

(11) Operating Ratio :

It is calculated as cost of good sole + operating exp. Is divided by net sales.
It shows the efficiency of the management.

Operating exp = (Cost of good sold + operating exp.) / Net sales

(In Lakh)
Particulars

2009

2008

2007

2006

2005

Cost of good sold 108.57

91.15

42.61

42.71

67.48

Operating Exp

1147.58

941.91

856.19

810.55

516.14

Net sales

4960.60

3997.90

3428.24

2891.36

2181.26

Ratio

0.25

0.26

0.26

0.29

0.27

0.29
0.28
0.27

0.26

Ratio

0.25
0.24
0.23
2009

2008

2007

2006

2005

Interpretation :
That mean during year 2009 opeting ratio is 0.25 in 2008 it is 0.26 and in
2007 it is 0.26 and in 2006 it is 0.29 and in 2005 it is 0.27 times. As compared to last
year It was decreases 0.01 times.

(12) Return on Capital Employed

It is on index of profitability of business an is obtaining by comparing net
profit with capital employed the ratio normally expressed in percentage the term capital
employed include share capital, reserve & surplus and long term loans such as
debentures.

Capital employed = share capital + reserve + long term loan

ROC = (Net Profit / Capital employed) x 100

(In Lakh)
Particulars

2009

2008

2007

2006

2005

Net profit

776.81

701.43

668.03

607.64

409.61

Capital employed 5290.99

4296.27

3359.83

2452.18

1744.83

Ratio

16.33%

19.88%

24.75%

23.48%

14.68%

25.00%

20.00%
15.00%
Ratio

10.00%

5.00%
0.00%
2009

2008

2007

2006

2005

Interpretation
The ratios shows that it decrease every year. First it was 23.48 in 2005 then
decrease to 24.75 in 2006 and it decrease to 19.88 in 2007. and it decrease to 16.33 in
2008 and now it decrease to 14.68 in 2009

Commonsize Statement
The methods so far discussed do not provide any common base with which all
items in each statement can be compared for this purpose common size statements
are prepared in which all items are compared

Common size Balance Sheet

Particular

2009

2008

2007

2006

2005

Share Capital

259

259

259

100

100

Reserve & Surplus

280

241

206

129

100

Secure Loan

6.77

34

18

124

100

Unsecure Loan

625

351

78

278

100

Deferred tax liabities

185

170

127

110

100

Fix assets

279

224

173

136

100

Investment

445

518

644

123

100

C.A. loans & advance

253

214

162

131

100

(-) C.L. & Provisions

180

165

121

117

100

* Source of Fund

* Application of find

Common size P & L

Particular

2009

2008

2007

2006

2005

Net Sales

227

183

157

133

100

(+) Other income

236

219

149

121

100

(-) Expediter

243

192

157

130

100

Gross Profit

175

163

157

138

100

Tax

119

130

133

97

100

Net profit

255

217

193

167

100

Finding
When I analyses Ratio of Sehat Pharma Pvt. Ltd. I have some finalings from that
analysis.
Current ratio of 2009 is high as compared to 2008 and following year and it was
very good company it is as per standard Ratio 2:1.

Liquid ratio of company is also declining and it is not good for company so
company have to maintain the liquid ratio.

Gross profit ratio as compared to 2008 and following year is low in 2009.so it is
not good for company. Company has to maintain it.

Return on capital employed decreasing in year so it is not good for company.

Net profit ratio as compared to following year is low, So company has try to
maintain it.

Recommendation
This report includes analysis of Ratio analysis of data are collected and analysis
were done from findings from analysis the following recommendations are given which
nay be helpful to the company.

The net profit ratio of company in year 2009 is very low as compared to 2008. it
is not good for company. company has to increase it.

Liquid ratio of the company is very low as company to its standard so company
has to increase. It

Quick ratio of the company is also very low as compared to its standard ratio so
company has to increase it in next year.

Current ratio of the company is very high so they has use there stable money in
business.

Return on capital employed is decreasing every year so it is bad for company and
company should try to increase it.

Limitation of study
The study will be based on primary as well as secondary data secondary data
will be taken from the annual report published and account of this company which not
provide the scope of understanding finding clearly the data may not be accurate.

The ratio analysis and trend analysis also has its own limitation applies to
study.

As data is collected from secondary sources it is not give me satisfaction for

communication to workers & employees.

As data may not accurate it is difficult to prepare trend projects.

Conclusion
It was a great pleasure to visit Sehat Pharma Pvt. Ltd. it is a medium scale unit
with well trained staff. & there is nice environment for employees..

My topics is Ratio analysis and I hope that my suggestion will has to company
to take some important decision. I had given findings & suggestion to adopt my
recommendation and working capital in right direction.

I put my best efforts to made this report I am very thankful to my college to

give me opportunity to take industrial training and make report on industrial unit.

Appendix
BALANCE SHEET
(In Lakh)

Capital & Liabilities

Particular

2011

2010

Source of fund
Share holder fund
Share capital

59.97

59.97

+ Reserve & Surplus

1923.30

1493.66

1983.27

1553.63

Secured loan

51.27

41.24

+ Unsecured loan

417.64

149.96

468.91

191.20

97.95

88.94

2550.13

1833.77

Loan funds

+ Deferred tax liabilities

(In Lakh)

Assets

Particular

2009

2008

2007

2006

2005

Application funds
Fix assets
Gross block

2693.29

2201.79

1799.71

1366.67

986.67

- Desperation

700.80

540.43

411.64

310.06

247.76

Net block

1992.49

1661.53

1388.67

1056.61

736.91

Capital WIP

366.32

233.12

73.19

87.01

105.96

2358.81

1894.48

1461.26

1143.62

844.87

81.32

94.75

117.86

22.43

18.30

Inventories

1398.32

1120.49

978.60

957.00

745.68

Sundry debtors

1837.15

1393.91

1628.78

875.96

587.32

Cash & bank balance

53.00

79.28

131.49

44.48

11.20

Other current assets

23.45

34.49

24.83

13.35

13.51

Loans & advances

1107.65

115.81

670.98

401.50

391.33

4419.57

3743.98

2834.68

2292.29

1749.64

Liabities

1012.85

870.98

531.13

635.90

494.46

Provision

391.71

416.81

416.13

272.31

283.98

1404.56

1287.19

1893.42

1384.08

778.44

3015.61

2456.19

1990.42

1384.08

970.60

Investment

Current assets, loan&

advances

Current liabities
& provision

Net current assets

PRIFIT & LOSS A\C

(In Lakh)
Particular

2009

2008

2007

2006

2005

Income
Gross sales

5021.61

4088.56

3533.17

3019.68

2327.63

Excise duty

61.64

90.66

94.93

128.32

146.37

Net sales

4960.60

3997.90

3428.24

2891.36

2181.26

Other income

366.17

340.31

230.55

188.27

155.24

5326.77

4338.21

3668.79

3079.63

2336.50

Material cost

2347.40

2042.71

1725.58

1411.57

1094.64

Employee cost

271.33

214.01

184.59

149.86

116.50

Manufacturing exp.

239.12

194.07

193.32

159.59

130.31

Other exp.

1147.38

716.89

667.00

557.17

417.63

Research development

235.50

204.57

Interest - fix period

32.53

10.70

4.83

10.645

7.10

0.41

0.64

2.12

0.74

0.53

151.79

116.26

103.74

80.18

55.17

4425.46

3499.85

2860.81

2369.79

1821.07

Profit before tax

901.31

838.36

807.98

709.84

514.61

Provision for tax current

101.00

94.00

121.75

89.00

82.00

Deferred tax

15.00

36.00

17.70

9.00

23.00

Fringe benefit tax

8.50

6.43

3.50

4.20

Profit after tax

776.81

701.43

668.03

607.64

409.61

Surplus

509.9

390.35

304.2

233.82

94.11

Profit brought forward

1286.71

1091.78

972.23

841.46

503.72

Expenditure

others

Desperation

APPROPRATIONS
(In Lakh)
Particular
Proposed dividend

2009
155.46

2008
155.46

2007
155.46

2006
155.46

2005
104.95

Tax on dividend

26.42

26.42

26.42

21.80

14.95

Transfer to GR

150.00

400.00

400.00

360.00

150.00

Surplus carried

954.83

509.00

290.35

365.2

233.82

1286.71

1091.70

972.22

841.46

503.72

9.99

9.02

8.61

20.26

13.66

forward

Basic & diluted EPS

Bibliography
There are the names of the books that I have refered for the completion of
this project report.

- I.M. Pandey

- Financial Management

- Khan & Jain

- Financial Management

- B.S. Shah

S.Y. B.B.A.

- M.N. Arora

- Financial Management
- Cost Accounting

Other Sources
- Websites of Sehat Pharma Pvt. Ltd.
http://www.sehatphrma.co.in
http://sehatpharma.tradeindia.com

Search Engine:
www.google.com