BALANCE SHEET

Particulars Amount Amount

(1)SOURCES OF FUNDS
SHAREHOLDRES FUND
Share capital
AUTHORISED
8,00,00,000 equity shares 80,00.00
25,00,000 preference shares 25,00.00
2,00,00,000 cumulative redeemable 20,00.00
preference shares
125,00.00

issued
6,87,51,400 equity shares 68,75.14
21,50,000 8% cumulative 21,50.00
redeemable preference shares
90,25.14

SUBSCRIBED & PAID UP

6,87,41,651 equity shares 68,74.16
Add: forfeited shares 1.63
68,75.79
20,00,000 (1) allotted on Feb. 23, 20,00.00
2009
1,50,000 (2) allotted on sept 17, 1,50.00
2010
90,25.79

Preference capital suspense account 5,00.00

952,579
Reserve & surplus NIL

Less: miscellaneous expenses NIL

LOANS
Secured
ARCIL 14,00.00
Financial institutions 7,27.28
banks 31,87.32
53,14.60

UNSECURED LOANS
Short term:

Financial institution 3,69.89

Trade deposit 2,01.26

others 17,39.00
23,10.15 762,475

CAPITAL EMPLOYED 171,50.54

2) APPLICATION OF FUNDS
(I)Fixed assets
Gross block
Land 12,09.58
Building 26,27.21
Plant & machinery 206,48.92
Furniture, fitting & equipment 2,13.81
Vehicles 1,14.92
software 78.17
248,92.61
Less: deprecation 194,07.57
NET BLOCK 54,85.04
Capital work in progress 4.47
54,89.51

(2)INVESTMENT
Finished stocks 13,84.81
Stock in process 17,10.93
Other process:
- raw materials & components 4,77.13
- stores & spare parts 2,97.45
38,70.32
(3) A) working capital
(considered good) 2,42.00
Over six months others 22,46.07
24,88.07
Sundry debtors include:
Secured debts 55.74
unsecured 24,32.33
24,88.07

Cash bank & balance

Cash & cheques in hand 3.38
Balance with scheduled banks:
-current accounts 2,03.12
-fixed deposit accounts 6.16
2,12.66

Loans & advances

(unsecured, considered goods)
Advances recoverable in cash or in 11,45.50
kind or for value to be received
Tax deducted at source 29.64
Deposit with government and 2,11.42
others
13,86.56
1344712

(b) (-) CURRENT LIABILITES

Sundry debtors 47,52.45
Interest accured but not due on 5,00.25
loans
52,52.70

PROVISION
Fringe before tax 8.28
Retirement benefits 3,77.08
3,85.36
563806
780906
Profit and loss account 934148
Fund used 171,50.54

1) Current ratio = current assets

Current liabilities

= 1344712

563806

= 2.38.

2) Quick ratio = quick assets

Quick liabilities

Or

Current assets – stock – prepaid expenses

Current liabilities – bank overdraft

= 1344712 – 0 - 0

563806 – 0

= 2.38%

3) Proprietor ratio = Proprietor paid × 100

Total assets

Total assets = fixed assets + investment + current

assets

= 54, 89.51 + 38, 70.32 + 1344712

= 2,280,695

= 0 × 100

2,280,695
 = 228,069,500

4) Stock to working capital = closing stock × 100

Working capital

= 30, 95.74 × 100

1344712

= 23.02 %

5) Capital gearing ratio = preference shareholder +

borrowed fund

Equity shareholder +
reserve – miscellaneous

= 45000 + 171, 50.54

2,605,093 + 0 – 0

= 0.67

6) Debt equity ratio = debt × 100

Debt + equity
 Or

Debt equity × 100

Equity

= 171, 50.54 × 100

171, 50.54 + 2,605,093

= 171, 50.54 × 100

3,320,147

= 51.65 %

Mixed ratio

1) Debtors turnover ratio = credit sales

 Average debtors + average bills
receivable

Average debtors = opining debtors + closing debtors

= 24, 88.07 + 24, 88.07

= 24, 88.07

= 185, 9326

24, 88.07

= 7.4

2) Collection period = 365days / 52 weeks / 12 month

Debtor’s turnover ratio

365

7.4

= 49.32

3) Creditors turnover ratio = credit

purchase

Average Creditors +
Average bills payable
 16,
19.25

47,
52.45

= 0.34

4) Payment period = 365days / 52 weeks / 12 month

Creditor’s turnover ratio

= 365

0.34

= 1073.5