Professional Documents
Culture Documents
PROJECT REPORT
ON
CASH FLOW STATEMENT & RATIO ANALYSIS
For
GUJARAT ALKALIES & CHEMICAL LIMITED
Submitted to
C.K.SHAH VIJAPURWALA INSTITUTE OF MANAGEMENT
IN PARTIAL FULFILLMENT OF THE
REQUIREMENT OF THE AWARD FOR THE DEGREE OF
MASTER OF BUSINESS ADMINISTRATION
Under
Gujarat Technological University
UNDER THE GUIDANCE OF
Faculty Guide
Company Guide
Ms.Stuti Trivedi
Mr.A.K.Mishra
Assistant Lecturer
Finance Officer
Submitted by
Dhruti R.Bhatt
Enrollment No.:107050592071
M.B.A.-SEMESTER
PREFACE
ACKNOWLEDGEMENT
DECLARATION
I Dhruti R.Bhatt, herby declare that the report for Summer Training
Project entitled Cash Flow Statement is a report of my own hard my own
hard work and my indebtedness to other work publications, referances, if any,
have been acknowleged.
Place: Vadodara
Date: 28/7/11
Dhruti R. Bhatt
EXECUTIVE SUMMARY
This project contains bird view about global chemical industry, details of Gujarat
Alkalies & Chemical Ltd, details about Caustic soda and status of chemical market
in India.
In section of Indian chemical industry, I have put details about introduction, history,
major domestic and global chemical market, various types of chemical product,
various demand detail and analysis of finance sector. Moreover, I have taken
Gujarat Alkalies & Chemical Ltd for company study. It contains details like
introduction, company profile, product profile and also details about various functional
departments.
This project gave an idea about future research related to Cash Flow Statment.This
project taught us how we can use secondary data and relate it to find out any details.
TABLE OF CONTENTS
PREFACE
ACKNOWLEDGEMENT
DECLARATION
SR.NO.
PARTICULARS
PAGE NOS.
About GACL
1.1 GACL History
10
21
23
25
26
28
Product Profile
29
34
36
37
41
43
47
64
65
Conclusion/Suggestions
66
ANNEXTURE
REFERENCE
LIST OF TABLES
SR. NO.
PARTICULARS
TABLE NO.
PAGE NO.
1.
2.
3.
1
2
3
22
30
42
44
5
6
7
46
51
53
8
9
10
11
56
58
61
62
4.
5.
6.
7.
8.
9.
10.
11.
LIST OF GRAPHS
SR. NO.
1.
2.
3.
4.
5.
6.
PARTICULARS
Cash Flow Margin Ratio
Free Cash Flow to Operating Cash Flow
Ratio
Short term Debt Coverage Ratio
Capital Expenditure Coverage Ratio
Dividend Payout Ratio
Operating Cash Flow Ratio
GRAPH NO.
PAGE NO.
1
2
51
56
3
4
5
6
57
59
62
63
PART- 1
GENERAL INFORMATION
GACL has two units located at Vadodara and Dahej, both in the State
of Gujarat. It has integrated manufacturing facilities for Caustic Soda,
Chlorine, Hydrogen Gas, Hydrochloric Acid, Chloromethanes, Hydrogen
Peroxide, Phosphoric Acid, Potassium Hydroxide, Potassium Carbonate,
Sodium Cyanide, and Sodium Ferrocyanide. The Dahej unit also has 90 MW
Captive Power Plant (CPP) for regular and economical power supply.
Right from the inception, GACL has been following the strategy of
continuous capacity expansion in core areas. The first stage expansion of the
Caustic Soda Plant raising the capacity to 70,425 MTPA was undertaken in
October, 1981 followed by a diversification programme to produce 2000
MTPA of Sodium Cyanide in December, 1982.
In order to add further value to its products, the company had set up
manufacturing facility for production of 11000 MTA Hydrogen Peroxide
(100%) at Vadodara Complex during the year 1996 to utilize Hydrogen gas,
which is a co-product from Caustic Soda Process.
11
COMPANY PROFILE:
12
13
14
15
16
17
5. Quality Policy:
18
ORGANISATION STRCTURE:
MD
Sr.ED
(Tech.)
GM(Pe
rsonnel
)
CS &
CGM(
Materia
l Mgt.l)
Chief
(financ
e
officer)
DGM
DGM
GM
(Secre
tarial)
(MM)
(Finan
ce - 2)
GM
(Legal)
DG
M(P
&
IR)
DGM
(Financ
e - 2)
CGM
(Dahej)
GM
GM
(Eng.
Service
)
DGM
(Mech)
GM(S
ecurity
&
Vigila
nce)
DGM
(Inst.)
GM
(Elect.
)
DGM
(Elect)
(Engg.
Serv.)
DGM
(Opera
tion -4)
DGM
(Elect.)
19
GM
(Safety
&
Env.)
I/C
GM
(Opera
tion S
-2))
DGM
(Oper 3)
ED
(Com
mercial)
GM(M
S.Adm
. HRD)
GM
(Mktg
)
GM
(Corpor
ate
Plann)
DGM
(Corpor
ate
Plann)
DGM
(Mktg.)
Export: Raw materials are purchased from India only but its ultimate food is to
sent, out of India as finished foods, are treated as export orient unit(EOU).
Deemed Export: Finished goods are sold within the country only but outside Gujarat in
another state.
Consignment Sales: Transfer of raw materials, semi-finished goods from one branch to
20
Export Item
Country
Caustic Soda
African Countries
Chlorine
Australia
Hydrochloric acid
China
Potassium Carbonate
Europe
Methaline chlorine
East countries
Chloroform
Phosphoric acid
Middle east
Sodium Cyanide
Mauritius
Hydrogen peroxide
South Asia
Aluminum chloride
USA
21
GACL has capicity expansion plans of about Rs.26 bn for various projects
for next three to four years.
The company is putting up a 600 tons per day (TPD) chlor-alkali project,
20,000 tons per annum (TPA) sodium chlorate project, 100MW captive cogeneration power plant, 8000 TPA hydrazine hydrate project and 150
KTPA polyols project. The projects are progressing as per schedule and
expected to commence by Fnancial Year 2014. Also the company has
taken up an expansion of its existing hydrogen peroxide project to
increase the capacity by 14000 TPA and project scheduled for commission
in Financial Year 2011.
GACL drives 65% of its revenue from chlor-alkali business and 35% from
other products
Increasing power & fuel cost which is major input for production of
caustic soda
GROWTH STRATEGY:
VISION:
To continue to be identified & recognized as dynamic, modern & eco
friendly chemicals company with enduring ethics & values.
MISSION:
23
STRENGTH :
WEAKNESS:
High Price.
The supply of natural gas for the power plants varies depending upon
availability.
24
OPPORTUNITY:
THREATS:
25
COMPETITORS:
GACL'S major competitors are:
CUSTOMERS:
Distribution channel:
FERTILIZER:
IFFCO
Deepak Nitrite
Deepak Fertilizer
PHARMACUTICALS:
Dr. Reddy's
Aurbide Pharma
Turrent
Runbuxy
Cadila
San Pharma
Lupin Laboratory
26
TEXTILE:
AGRO-CHEMICALS:
BildgChemicals
Arti Industries
MeghumaniOrganics
Tagro
REFINERY:
IOC
IPCL
DETERGENT
HLL
Godrej
WFLimited
Nepal Lever
Nirma
PAPERS:
BILT
JK Paper
27
3. PRODUCT PROFILE
1. Caustic Soda Lye
2. Caustic Soda Flakes
3. Caustic Soda Prills
4. Liquid Chlorine
5. Hydrochloric Acid
6. Sodium Hypochloride
7. Sodium Cyanide
8. Sodium Ferrocyanide
9. Caustic Potash Lye
10. Caustic Potash Flakes
11. Potassium Carbonate
12. Poly Aluminum Chloride
13. Chlorinated Paraffin Wax
14. Methyl Chloride
15. Methylene Chloride
16. Chloroform
17. Carbon Tetrachloride
18. Phosphoric Acid
19. Hydrogen Peroxide
20. Compressed Hydrogen Gas
21. Dilute Sulpharic Acid
22. Scalewin
23. Bleachwin
24. Aluminum Chloride
25. Calcium Chloride Powder
28
PRODUCT ANALYSIS
Table No.2
Sr.
Name of product
Product
Consumption /
No
Place
Sales
Main
By Product
Own
Customer
India
Both
Liquid chlorine
Hydrochloric acid
Sodium hypochloride
Compressed
hydrogen
Aluminum, chlorine,
11 Sodium cyanide
anhydrous
12 Sodium Ferrocyanide
14 Caustic Potash
15 Potassium carbonate
16 Methaline chloride
17 Chloroform
18 Carbon tetrachloride
19 Phosphoric Acid
Flakes
20 Calcium chlorine
Powder
29
21 Hydrogen Peroxide
22 Bleachwin
23 Scalewin
24 Poly Aluminum
Chloride
30
PART- 2
PRIMARY STUDY
Cash Flow Statement is one of the quarterly financial reports any publicly
traded company is required to disclose to the public. The document
provides aggregate data regarding all cash inflows a company receives
from both its ongoing operations and external investment sources, as well
as all cash outflows that pay for business activities and investments during
a given quarter.
It answers the questions Where the money came (will come) from? And
where it went (will go)?
Cash flow statements assess the amount, timing, and predictability of cashinflows and cash-outflows, and are used as the basis for budgeting and
business-planning.
In cash flow statement the accounting data is presented usually in three
main sections:
(1) Operating-activities (sales of goods or services),
(2) Investing-activities (sale or purchase of an asset), and
(3) Financing-activities (borrowings, or sale of common stock).
Together, these sections show the overall (net) change in the firm's cashflow for the period the statement is prepared.
After Analysis of the various reports, I have observed that each research
paper make with their own nature. These types of different papers teach me
many things. These papers gave me idea about the base of financial
planning. It also tells about which activity is more important for company and
vice-versa.
1. A cash flow statement is the motor oil for any business finance engine. It
measures the amounts of money that come into a company and out of it over
a given time period. This way a company is able to keep track of how much
cash it has on hand to pay expenses and buy assets.
2. Cash flow statements use information from both income statements and
balance sheets. Using this information, the cash flow statement will reveal the
net increase or decrease in cash for the period. Most cash flow statements
as should depreciation of product value and inventory that has not yet been
moved.
4. This will allow a business owner to compare past periods with the current
financial standing and determine whether your receivables have increased or
decreased.
5. This can also help to track your investments next to your receivables and
payables. Are your investments increasing or decreasing in value? And has
your inventory moved at a steady pace? New or expanding businesses can
expect to see a decrease in cash flow, but this doesn't mean that the business
is going under. More stables businesses should see a steadily increase in
cash flow over a period of several months or years.
6. The Statement of Cash Flows is the final document prepared in the Financial
Report set, and provides information that is a direct flow of information from
the Income Statement, Owner Equity Statement and Balance Sheet;
therefore, this report adds validity and accountability to the Financial
Statements.
expenses.
9. It is useful for determining the short term ability of the concern to meet its
liabilities
as
it
does
&
not
include
non
cash
items.
10. A cash flow statement gives vital information not only about the
companys performance but also about its major activities during the year.
means of a cash flow statement whichclassifies cash flows during the period
from operating, investing and financing activities.
AMOUNT
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
Preliminary expenses
xxx
xxx
xxx
xxx
C. Less :
Interest income/received
xxx
xxx
xxx
xxx
xxxx
xxx
xxx
xxx
xxx
xxx
xxx
xxxx
xxx
xxx
xxx
xxx
Less :
Rent income
xxx
xxx
Purchase of investment
xxx
xxx
xxx
xxx
xxx
xxx
Less :
Final dividend fund
xxx
xxx
xxx
Repayment of loans
xxx
xxx
xxx
year
cash in hand
xxx
xxx
xxx
marketable securities
xxx
xxx
xxx
xxx
xxx
Table No.4
Direct method
Format for Cash flow Statement for the year ended...............
As per Accounting Standard-3 (Revised)
PARTICULARS
AMOUNT
xxx
xxx
Cash sales
xxx
xxx
xxx
Royalties received
xxx
xxx
Cash purchase
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
xxx
2009-10
2008-09
28,601.32
33,789.78
ACTIVITIES
B. CASH FLOW FROM INVESTING ACTIVITIES
(25,910.27) (33,703.35)
(4,077.09)
(2,887.07)
2,646.92
5,447.56
1,260.88
2,646.92
(1,386.04)
(2,800.64)
14,627.90
26,130.40
12,178.70
10,946.94
Interest received
(356.39)
(173.74)
Dividend received
(688.92)
(678.88)
1,747.60
2,459.40
(0.45)
16.27
23.16
470.62
985.90
964.64
96.88
96.88
936.23
(447.46)
736.93
301.66
Sub total
14,269.51
15,346.46
28,897.41
41,476.86
(2,254.04)
(6,435.89)
3,032.41
(6,585.06)
Trade payables
1,549.36
8,199.15
31,225.14
36,655.06
(2,623.82)
(2,865.28)
28,601.32
33,789.78
28,601.32
33,789.78
CAPITAL CHANGES
DECREASE OR (INCREASE) IN ASSETS :
Trade and other receivables
Inventories
INCREASE / (DECREASE) IN LIABILITIES :
BEFORE TAX
ITEMS
Extraordinary items
NET CASH FLOW FROM OPERATING
ACTIVITIES:(TOTAL - A)
B. CASH FLOW FROM INVESTING ACTIVITIES:
Purchase of fixed assets
Sale or adjustment of fixed assets
(23,648.62) (33,873.01)
22.33
14.03
(3,059.99)
(96.42)
118.10
Interest received
356.39
173.74
Dividend received
688.92
678.88
(269.30)
(718.67)
Purchase of investments
Proceeds from sale of investments
remembraning)
NET CASH FLOW FROM INVESTMENT
(25,910.27) (33,703.35)
ACTIVITIES :(TOTAL - B)
C. CASH FLOW FROM FINANCING
ACTIVITIES:
Interest paid
(2,062.43)
(2,205.94)
Dividend paid
(2,577.53)
(3,007.11)
(12.93)
10,731.07
575.80
(8,405.09)
(4,077.09)
(2,887.07)
2,186.57
3,954.57
460.35
1492.99
2,646.92
5,447.56
940.62
2,186.57
320.26
460.35
1,260.88
2,646.92
(1,386.04)
(2,800.64)
Purchase of the asset is lesser than previous year, i.e. 23,648.62 lacs in
comparison of previous years 33,873.01.But because of cash outflow;
cash flow from investing activities is lesser.
Other capital expenditure has been decreased from 718.67 lacs to 269.30
lacs. So cash outflow is decreased. But, here, it is not higher in
comparision to increased cash outflow.
2. Cash Flow from Investing Activities has been decreased from Rs.
33,703.35 lacs of 2008-09 to Rs. 25,910.27 lacs of 2009-10.It is in
negative form.This shows cash outflow. So, it can be said that cash
outflow has been decreased in 2009-10.The reasons are:
Purchase of the asset is lesser than previous year, i.e. Rs. 23,648.62 lacs
in comparison of previous years Rs. 33,873.01lacs. So, cash outflow has
been decreased and cash flow from investing activities is lesser.
Other capital expenditure has been decreased from Rs. 718.67 lacs to Rs.
269.30 lacs. So cash outflow is decreased.
Interest paid has been decreased from Rs. 2,205.94 lacs in 2008-09 to Rs.
2,062.43 lacs.So, cash outflow has been decreased.
Dividend paid has been decreased to Rs. 2,577.53 lacs in 2009-10 from
Rs. 3,007.11 lacs in 2008-09. Here, also, cash outflow has been
decreased.
Long term borrowings have been decreased from Rs. 10731.07 lacs in
2008-09 to Rs. 12.93 lacs in 2009-10.
Short term borrowings have, also, been decreased to Rs. 575.80 lacs in
2009-10 from Rs. 8405.09 lacs in 2008-09. Thus, in all financing activities,
cash outflow has been decreased. So, cash flow from financiaing activities
is increased as compared to previous year.
4. Cash and Bank balance at the beginning of the year 2009-10 has been
decreased to Rs. 2,186.57 lacs & Rs. 460.35 lacs, respectively, in 2009-10
from Rs. 3,954.57 lacs & Rs. 1492.99 lacs, respectively, in 2008-09.Thus,
net cash equivalents at the beginning of the year have been decreased by
Rs.2982.64 lacs.
5. Cash and Bank balance at the end of the year 2009-10 has, also, been
decreased to Rs. 940.62 lacs & Rs. 320.26 lacs, respectively, in 2009-10
from Rs. 2,186.57 lacs & Rs. 460.35 lacs, respectively, in 2008-09. Thus,
net cash equivalents at the end of the year have been decreased by
Rs.1386.04 lacs.
Thus, because these activities, overall cash flow for the year 2009-10 has
been decreased to Rs.1414.6 lacs.
2005-06
2006-07
2007-08
2008-09
2009-10
Operating Cash
Flow (Rs. In
lacs)
Net Revenue
(Rs. In lacs)
33,580.50
27,563.15
35,203.78
33,789.78
28,601.32
1,09,395.71
1,21,510.69
1,32,238.59
1,56,412.58
1,38,444.30
30.70
22.68
26.62
21.60
20.66
Operating Cash
Flow to Sales
Ratio(In
Percentage)
35
R 30
A
25
T
I 20
O 15
RATIO
10
I
n 5
% 0
2005-06
2006-07
2007-08
2008-09
2009-10
YEAR
Interpretation:
GACL has net cash provided by operating activities is Rs. 28,601.32
lacs and net sales is Rs. 1,38,444.30 lacs. An operating cash flow to sales
ratio of 2009-10 is 20.66%, or approximately 21 percents of operating cash
flow in every sales rupee.It shows that company can able to gain 20.66%
cash from sales.The ratio is less in previous year, i.e. 21.60%.From the
comparision of five years, it can be seen that in the year, 2005-06, ratio is
highest, i.e. 30.70%.It can ,also, be seen that sales has been grown since last
four years, from 2005-06 to 2008-09.But it has decreased in previous year.So,
in that year, companies ability to convert sales into cash is decreased.
2005-06
2006-07
2007-08
2008-09
2009-10
Free Cash
Flow (Rs. In
lacs)
Operating
Cash Flow
(Rs. In lacs)
Free Cash
Flow to
Operating
Cash Flow
Ratio (In
Percentage)
32493.4
26655.15
34392.66
29386.94
25011.96
33,580.50
27,563.15
35,203.78
33,789.78
28,601.32
96.76
96.71
97.70
86.97
87.45
94
92
90
88
RATIO
86
84
82
80
2005-06
2006-07
2007-08
2008-09
2009-10
YEAR
Interpretation:
This ratio shows financial strength of the company. The higher the percentage
of free cash flow embedded in a company's operating cash flow, the greater
the financial strength of the company.
In all the five years ratio is high.It shows that GACL is financially stable
company.It has above 90% ratio in three years,starting from 2005 to 2007.In
2008 & 2009 company has lesser ratio as compared to last three years.But it
is not so less.The reason for lesser ratio in these two years is that GACL has
incurred more capital expenditure in these years.But it can be said that GACL
has achieved strong financial condition.
2005-06
2006-07
2007-08
2008-09
2009-10
Operating
Cash Flow
(Rs. In lacs)
Short term
Debt
(Rs. In lacs)
Short term
Debt
Coverage
Ratio (In
Times)
33,580.50
27,563.15
35,203.78
33,789.78
28,601.32
10000.00
17500.00
15000.00
8050.00
8500.00
3.36
1.58
2.34
4.20
3.36
R
A
T
I
O
3
2.5
2
RATIO
T
i
m
e
I s
n
1.5
1
0.5
0
2005-06
2006-07
2007-08
2008-09
2009-10
YEAR
2005-06
2006-07
2007-08
2008-09
2009-10
Operating
Cash Flow
(Rs. In lacs)
Capital
Expenditure
(Rs. In lacs)
Capital
Expenditure
Coverage
Ratio (In
Times)
33,580.50
27,563.15
35,203.78
33,789.78
28,601.32
960.09
908.00
811.12
4402.84
3589.36
34.98
30.36
43.40
7.67
7.97
R
A
T
I
O
(
I
n
T
i
m
e
s
50
45
40
35
30
25
RATIO
20
15
10
5
0
2005-06
2006-07
2007-08
2008-09
2009-10
YEAR
Interpretation:
In years from 2005 to 2007 capital expenditure is very low.Due to this,
Ratio is much smaller than next two years.In 2009-10, GACL has
incurred one rupee of capital expenditure against 7.97 Rs.of operating
cash.so, it can be said that company has incurred lesser amount of
capital expenditure in the year 2007-08 as compared to above five
years.
Thus, higher the Ratio, the lesser amount of capital expenditure is
incurred during that year.
2005-06
2006-07
2007-08
2008-09
2009-10
Dividend Per
Share (In Rs.)
2.00
2.50
3.50
3.00
3.00
Earning Per
Share
(In Rs.)
Dividend
Coverage
Ratio
(In
Percentage)
26.96
25.00
30.00
26.00
23.00
10
11.67
11.54
13.04
12
10
8
6
RATIO
2
0
2005-06
2006-07
2007-08
2008-09
2009-10
YEAR
Interpretation:
This ratio indicates that how well earnings support the dividend
payment.In GACL this ratio is constantly increasing during the period of
2005 to 2009.In 2005-06 it is only 7%,while in 2009-10 it is 13%.During
the year 2007 & 2008, the ratio is approximetaly same. There was an
increase in both, dividend per share & EPS in 2007 but in 2008,both
has decreased.
At last, it can be said that the earnings of GACL supports to pay
dividend to its shareholders.
Formula:
Operating Cash Flow Ratio= Cash Flow from Operation
Current Liabilities
2005-06
2006-07
2007-08
2008-09
2009-10
Cash Flow
from
Operation
(Rs. in lacs)
Current
Liabilities
(Rs. in lacs)
Operating
Cash Flow
Ratio
(In Times)
33,580.50
27,563.15
35,203.78
33,789.78
28,601.32
23,677.87
31,135.27
41,440.03
53,322.03
50,064.90
1.42
0.88
0.85
0.64
0.57
1.2
T
i
m
e
I s
n
1
0.8
0.6
RATIO
0.4
0.2
0
2005-06
2006-07
2007-08
2008-09
2009-10
YEAR
Interpretation:
In previous year,current liabilities are more & cash flow was less,so,ratio is
lowest as compared to other years.In 2005-06, company had 1.42 times cash
to cover its current liabilities.Such ratio is good for company.But then ratio
has decreased,till previous year.so,it can be said that, as compared to
previous years, liquidity of the company has decreased.
It can be seen that since last two years short term debt of GACL has
decreased. So, it is good for the company to repay such loans from
available funds.
GACL should reduce its capital Expenditure. So that, it can become more
strong in terms of financial strength.
GACL should increase its operating cash flow, because operating cash
flow is less as compared to previous four years.It can affect financial
strength & liquidity position of the firm.
Cash is one of the major lubricants of business activity, but there are
certain things that cash flow doesn't shed light on. For example, it doesn't
tell us the profit earned or lost during a particular period: profitability is
composed also of things that are not cash based.
This is true even for numbers on the cash flow statement like "cash
increase from sales minus expenses", which may sound like they are
indication of profit but are not.
As it doesn't tell the whole profitability story, cash flow doesn't do a very
good job of indicating the overall financial well-being of the company.
The statement of cash flow indicates what the company is doing with its
cash and where cash is being generated, but these do not reflect the
company's entire financial condition.
The cash flow statement does not account for liabilities and assets, which
are recorded on the balance sheet.
9. CONCLUSION/SUGGESTION
It is the single caustic soda producer in the country with the market share
of 13.75%.
It can get raw material at the lowest cost, as Gujarat is having 1600km of
sea shore.
The Company enjoys low cost powder which is also considered as raw
material.
Company has recently adopted performance based pay which will make it
more efficient in coming period.
ANNEXTURE:
1. Balance Sheet as on 31.3.2010:
PARTICULARS
(Rs. In Lacs)
SCHEDULE
RS.
31.03.2010
RS.
31.03.2009
RS.
Shareholders Funds:
Share Capital
7,343.84
7,343.84
1,31,764.11
1,39,107.95
1,17,148.75
1,24,492.59
32,323.81
31,757.03
2,03,188.79
25,784.15
8,088.79
33,872.94
27,908.89
1,86,274.42
1,51,799.13
9,097.35
2,58,073.16
1,14,067.96
1,44,005.20
8,385.44
1,60,896.48
14,050.58
1,52,390.64
11,727.52
SOURCES OF
FUNDS:
Loan Funds :
Secured Loans
Unsecured Loans
3
4
23,797.95
8,525.86
2,78,899.07
1,27,099.94
7
8
9
14,024.88
26,355.19
1,260.88
17,057.29
24,810.49
2,646.92
10
36,665.68
78,306.63
50,064.90
30,963.59
75,478.29
53,322.03
11
28,241.73
---
22,156.26
---
2,03,188.79
1,86,274.42
(Rs. In Lacs)
31.03.2010
Rs.
31.03.2009
Rs.
8,500.00
----
5,000.00
3050.00
25.86
38.79
8,525.86
8,088.79
12
Other Income
13
Increase/(Decrease) in Stock of
Finished Goods & Prcoess
Stock
EXPENDITURE :
Raw Materials Consumed
Manufacturing and Operating
Expenses
Difference of Excise Duty on
1,38,444.30
10,636.37
1,27,807.93
6,183.56
14
15
16
1,33,991.49
(620.12)
1,56,412.58
17,730.47
1,38,682.11
4,325.27
1,43,007.38
1,802.12
1,33,371.37
1,44,809.50
57,790.78
29,328.69
52,202.62
36,582.27
7.70
106.7
11,990.79
9,059.51
17
Benefits
Administration, General and
Marketing Expenses
Interest
Depreciation
Profit
Prior Period Adjustments (Net)
Debit / (Credit)
Profit before Taxation
Provision for Taxation
Provision for Taxation
Deferred Income Tax (Net)
Wealth Tax
Fringe Benefits Tax
MAT Credit Entitlement
Excess Provision for Income
Tax of earlier years written back
Profit after Taxation
Surplus Balance Brought
forward from Previous Year
Amount Available for
Appropriations
APPROPRIATIONS :
Proposed Final Dividend
Tax on Proposed Dividend
Transferred to General Reserve
Balance Carried to Balance
Sheet
18
5,234.01
7,137.21
19
1,747.60
12,155.27
2,459.4
10,943.31
1,18,491.04
26,318.46
1,18,254.84
15,116.53
488.63
14,627.90
188.06
26,130.40
2,883.53
3,980.39
0.95
38.26
(2,556.48)
17,184.38
6,903.13
19,227.27
29,101.99
22,066.25
46,286.37
41,293.52
2,203.11
365.91
8,593.00
35,124.35
2,203.11
374.42
9,614.00
29,101.99
46,286.37
41,293.52
2,368.93
3,848.14
1.07
--(2,368.93)
(6,405.69)
REFERENCE
1. http://www.careersearch@careratings.com dated on 11/06/2011
2. www.wikipedia.org dated on 16/06/2011
3. www.ibef.org dated on 26/06/2011
4. www.edelweiss.com dated on 15/06/2011
5. www.final-yearprojects.co.cc dated 1/06/2011
6. CRISIL, I-Sec Research dated on 10/06/2011
7. Economic Survey 2009-10, DIPP dated on 16/06/2011
8. http://eaindustry.nic.in dated on 17/06/2011
9. http://www.moneycontrol.com/stocks/company_info//25/6/2011