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On
ANALYSIS OF BALANCE SHEET & WORKING
CAPITAL OF HINDUSTAN ZINC LIMITED
SUBMITTED FOR
Partial fulfillment of the requirement of two year full time
course in Master of Business Administration (MBA)
SUBMITTED BY
HIAMSNHU NIMAWAT
(2014-15)
ACKNOWLEDGEMENT
FOR ANY SUCCESSFUL WORKS, IT OWNS THANKS TO MANY.
Every nature individual in professional life is keenly aware of his/her sense of
indebtedness to many people who have stimulated & influenced his/her intellectual
development ordinarily. This feeling is formally expressed in customary gesture of
acknowledgement. Therefore it seems right to acknowledge my gratitude with sense of
veneration to almighty god for the blessings showered on me and varies people who
helped me during the course of my investigation.
Prima facie I express my profound gratitude & indebtedness to my research
supervisor Mr. Satish Sharma (Associate General Manager- finance) for his worthy,
scholarly & unimpeachable efforts, inspiring supervision & invaluable guidance
which helped me to complete my dissertation.
I also owe my sincere gratitude to the director, Faculty of Management Studies Mr. K.
Saxsena for providing me this opportunity.
I acknowledge my gratitude with sense of reverence to the management of HZL who
provide me opportunity to undergo research in there esteemed organization.
Finally I wish to express warm gratitude to my family, it is entirely due to their
blessing & constant encouragement that I have been able to complete credibly my
dissertation.
Himanshu Nimawat
Preface
It is my great privileged to have the vocational training in such an esteemed business
empire chanderiya lead zinc smelter of Hindustan zinc limited.
The practical training is an essential requirement for an MBA student . The student
has to take the training for the pre-described period as per the university norms. The
purpose of training is to help to student to gain the industrial experience. Moreover, as
for the utility of concerning, it can be said that the student gets a chance during her
theoretical knowledge about the subject in field work & to clear the difficulties in a
better way of looking the whole process in the person. I took my training at
chanderiya lead zinc smelter, properly known as CLZS a unit of m/s Hindustan zinc
limited of VEDANTA RSOURCES GROUP.
CONTENTS
ACKNOWLEDGEMENT
PREFACE
CHAPTER-1
COMPANY PROFILE
ABOUT VEDANTA GROUP
ORGANIZATION STRUCTURE
HZL-INTRODUCTION
VISION & MISSION
BOARD OF DIRECTOR
AWARD & RECOGNITION
MINES & SMELTER OF ZINC
RESEARCH METHOLOGY
CHAPTER-5
PROJECT PROFILE
Objective Of The Project
Project Design
CHAPTER-6
CHAP[TER-7
RATIO ANALYSIS
CHAPTER-8
CONCLUSION OF STUDY
CHAPTER-9
CHAPTER-10
BIBLIOGRAPHY
CHAPTER-1
COMPANY PROFILE
CHAPTER-2
AN OVERVIEW
INTRODUCTION OF HZL
Hindustan Zinc Limited (HZL) is Indias leading Zinc producer. A
vertically integrated Mining & Smelting company, with purpose to make India self
reliant in Zinc, HZL is currently gearing up to become a global lowest cost producer.
As a part of Vedanta Resources, HZL takes advantage of its mineral resources and
related core competencies and believes it has growth opportunities for increasing
products and improving returns.
Continuous operational improvements, debottlenecking, meticulous planning,
constant innovation, process improvements and much more- HZL has come a long
way and grown into multi location company producing Zinc, Lead, and silver.
Hindustan Zinc Ltd. was created from the erstwhile Metal Corporation of India (MCI)
on 10th January 1966 as a Public Sector Undertaking. In April 2002, Sterlite acquired
a 46% interest in HZL from the Government of India and the open market, and it
became a part of the Sterlite group. Since then HZL has been growing from strength
to strength. In August 2003, Sterlite acquired a majority stake in HZL by acquiring
another 18.9% interest from the Government of India. Today HZL is Indias leading
Zinc producer.
The company has created the Research, Planning and Development wing which has
played a major role in the planning and designing of projects besides improvements
of existing operations. The company has a well-equipped
Central Research and Developments Laboratory (CRDL) which is listed in the
American Society of Testing Materials (ASTM)'s directory of International Testing.
Laboratories Recognized R & D Centre by Dept. of Science & Technology.
The company has 6 regional offices in Calcutta, Mumbai, Delhi, Bangalore,
Jaipur and Hyderabad. It also has strong marketing network countrywide. Mining and
smelting operations are in Rajasthan, Andhra Pradesh, Orissa and Bihar.
Registered Office
Yashad Bhawan
Udaipur (Raj.)
313001
VISION
&
MISSION
OF
COMPANY
Vision:To be the worlds largest and most admired zinc-lead and silver
company
BOARD OF DIRECTOR
Director
Director
Director
Director
Mr. A. R. Narayanaswamy
Director
Director
Corporate:
Business Today Best CEO (Core sector) award to Mr. Akhilesh Joshi, CEO of
Hindustan Zinc
Indian Institute of Metals Gold Medal to Mr. Akhilesh Joshi
Dun & Bradstreet Corporate Excellence Award
Top 100 CISO Award
CIO100 Award
NASSCOM IT User Award
CII National HR Excellence Award Strong Commitment to HR Excellence
Commendation Certificate
Sustainability:
IMC - Ramakrishna Bajaj National Quality Award awarded to Chanderiya Lead
Zinc Smelter (CLZS) for its exemplary contribution in the area of quality and
business excellence.
National Energy Conservation Award - 2nd prize to Sindesar Khurd Mine
Green Manufacturing Excellence Award to CLZS
The Economic Times Indian Manufacturing Excellence Award Gold Award to
Hydro-II, CLZS
Par Excellence Award at National Convention on Quality Concept Circles
CHAPTER-3
CHANDERIYA LEAD ZINC SMELTER
The Chanderiya Lead Zinc Smelter is one of the modern smelting Units situated in the
north of CHITTORGARH. The plant is in PUTHOLI, 12 Km. from CHITTORGARH.
Its technology has been imported from U.K., GERMANY & is also called a super
smelter as the capacity of the plant is as follows :MAIN PRODUCTS
1.
2.
3.
4.
BY PRODUCTS
1.
2.
3.
4.
Cadmium
Silver (99.9%) 100 TPA
Sulphuric acid (98.5%)
Copper Sulphet
Commissioned: -
1991
Location:-
Capacity:-
Details:-
Certifications: -
Captive Power:-
Targets:-
Main Product:
Zinc : 476950 MT
Lead : 53749 Mt
By Products:
Sulphuric Acid: 586191 MT
Cadmium:
Silver:
CLZS AT A VIEW
CLZS
UNIT -1
PYRO
ISF
TECHNOLOGY
COMMISSION
ED:1991
AUSMELT
TECHNOLOGY
COMMISSION
ED:2005
UNIT-2
HYDRO
UNIT-3
CPP
ORTOKUMPU
TECH.
COMMISSION
ED:2005
CAPTIPE
POWER PLANT
COMMISSION
ED: 2005
CHAPTER- 5
Research Methodology
This chapter furnished the methodological details of present
investigation. Procedural specification and through observation of
study and design which are indispensable feature for any research
work.
OBJECTIVES:
TECHNIQUES USED:
SOURCE OF INFORMATION:
PRIMARY SOURCE.
Information schedule prepared for collection primary data relevant to the
working capital management of the company.
SECONDARY SOURCE.
Annual financial statement of the concerns i.e. Balance Sheet, Profit &
loss account related to the period.
CHAPTER-5
PROJECT PROFILE
DESIGN OF STUDY:
The study comprises of 11 chapters in all. The first, second and
third chapter discusses the introduction part of Vedanta and hzl and
clzl. In fifth chapter the Ratio Analysis of HZL. The six chapter deals
in detail with theoretical concept of the working capital
management.and finally main conclusions have been drawn &
suggestion given in the last chapter. To facilitate an easy
understanding of the chapter, the timely helps of diagrams & charts
has been taken.
CHAPTER-6
RATIO
ANALYSIS
INTRODUCTION
Ratio analysis is a widely used tool or finance analysis. The term
ratio in it refers to the relationship expressed in mathematical term
between two individual figures and group of figures connected which
each other in some logical manner and are selected from financial
statement of the concern. The ratio analysis is based on the fact that a
single accounting figure by itself may not communicate any meaningful
information but when expressed as a relative to some other figure, it may
definitely provide some significant information. The relationship between
two or more accounting figures/ groups is called a financial ratio. A
financial ratio helps to express the relationship between two accounting
figures in such a way that users can draw conclusions about the
performance, strength and weakness of a firm.
The operations and financial position of a firm can be described by
studying its short terms and long terms liquidity position, profitability and
its operational activities. Therefore, ratios can be classified into following
four board categories.
1- Liquidity Ratio
2- Capital Structure/ Leverage Ratios
3- Activity Ratios
4- Profitability Ratios
Significance of the Current and Quick Ratio:Current Ratio in a business concern indicates the availability of current
assets to meet its current liabilities. Higher the ratio better is the coverage.
Traditionally, it is also called 2:1 ratio, i.e. 2 is the standard for current assets
for each unit of current liabilities.
Quick asset consists of only cash near cash assets. Inventories are
deducted from current assets on the belief that these are not near cash
assets.
Therefore leverage ratios are two types:1- Capital structure Ratio and
2- Coverage ratio
** Activity
Ratio:-
The activity ratios are also called the Turnover ratios or Performance
ratio. These Ratios are employed to evaluate the efficiency with which the firm
manages and utilized its assets. These ratios usually indicate the frequency of
sales w.r.t. its assets. These assets may be capital assets or WC or average
inventory. These ratios usually calculated with reference to sales/ costs of
goods sold and are expressed in term of rate or times. Several activity ratios
are follows:1- Capital Turnover Ratio
2- Fixed Assets Turnover Ratio
3- Working capital Turnover ratio
4- Inventory turnover Ratio
** Profitability Ratios
The Profitability ratios measure the profitability or the operational
efficiency of the firm. These ratios reflect the final result of business
operations. The result of firm can be evaluated in term of its earning with
reference to a given level of assets or sales or owners interests etc. Therefore,
the profitability ratios are broadly classified in three categories:1. Profitability ratio required for analysis from owners point of view.
2. Profitability ratio based on assets / investments.
3. Profitability ratio based on sales of firm.
** Liquidity position
With the help of ratio analysis one can draw conclusions regarding
liquid position of a firm. The liquidity position of a firm would be satisfactory if it
is able to meet its current obligations when they become due. A firm can be
said to have ability to meet its short term liabilities if it has sufficient liquid
funds to pay the interest on its short maturity debt usually within a year as well
the principal. This ability is reflected in the liquidity ratio of the firm. The
liquidity ratios are particularly useful in credit analysis by bank and other
supplier of short term loans.
** Long
term solvency
Ratio analysis is equally useful for assessing the long term financial
viability of a firm. The aspect of the financial position of a borrower is of
concern to the long term creditors, securities analyst and the presents and
potential owner the business. The long term solvency is measured by the
leverage/ capital structure and profitability ratios which focus on earning power
and operating efficiency. Ratio analysis reveals the strength and weakness of
the firm in this respect. The leverage ratios, for instance, will indicate whether
a firm has a reasonable proportion of various sources of finance or weather
heavily loaded with debt in which case its solvency is exposed to serious
strain. Similarly, the various profitability ratios would reveal weather or not the
firm is able to offer adequate return to its owners consistent with risk involved.
** Operating
efficiency
** Overall
Profitability
Unlike the out side parties which are interested in one aspects of
the financial position of the firm, the management is constantly concern about
the overall profitability of the enterprises. That is, they are concerned about
the ability of the firm to meet its short term as well as long term obligation to its
creditors, to ensure a reasonable return to its owner and secure optimum
utilization of the assets of the firm. This is possible if an integrated view is
taken and all the ratios are considered together.
** Inter
firm comparison
Ratio analysis not only throws light on the financial position of a firm
but also serves as a stepping stone to remedial measures. This is made
possible due to inter firm comparison. A single figure of particular ratio is
meaningless unless it is related to some standard or norm.
SAMPLE
TYPE OF DATA
SOURCE OF DATA
PERIOD OF DATA TO BE ANALYSE
SECONDARY DATA
:
ANNUAL REPORT
:
2011-- 2014
Financial Ratio
Analysis
Debt Equity Ratio
Debt equity ratio used to measure long term financial solvency of a
firm. It can be calculated by the following formula:Total Debt
Debt Equity Ratio =
Shares holders equity
(total assets total liabilities)
Table: 1
YEAR
(Rs. In million)
2011
DEBT EQUITY
RATIO
0
2012
2013
2014
Net Profit
Return on Total Assets =
Total Assets
Table: 2
(Rs. In million)
YEAR
NET PROFIT
ROTA
49,004.90
TOTAL
ASSETS
225,569.80
2011
2012
55,260.40
268,984.10
20.54
2013
68,994.80
323,039.70
21.35
2014
69,046.20
374,739.80
18.42
GRAPH: 2
21.72
YEAR
Return on Capital Employed: Capital Employed is defined as total assets less current liabilities.
Return On Capital Employed is a ratio that shows the efficiency
and profitability of a company's capital investments. The ROCE
should always be higher than the rate at which the company
borrows money.
ROCE can be calculated by the following formula:Net Profit
Return On Capital employed =
Capital Employed
Table: 3
YEAR
CAPITAL
EMPLOYED
ROCE
2011
NET
OPRATING
PROFIT
59,595.50
210,057.00
29.36
2012
69,445.40
254,206.40
28.16
2013
78,201.20
304,223.90
26.53
2014
79,697.10
349,294.00
23.00
GRAPH: 3
RETURN ON INVESTMENT
YEAR
Current ratio
This ratio measures the solvency of the company in the short term. This
can be calculated by using the following formula:-
(Rs. In million)
YEAR
CURRENT
CURRENT
CURRENT
2011
2012
2013
ASSETS
71,228.40
69,419.50
92,224.60
LIABILITIES
15,512.80
14,777.70
18,815.80
RATIO
4.59
4.69
4.90
2014
55,427.30
25,445.80
2.17
GRAPH: 4
CURRENT RATIO
YEAR
Interpretation
The graph show that the current ratio is high in previous yerar but in current
year the CR is decline .in previous years the ca is more but in current year the
current assest is decline and current liabilities increase. The companys CR in
20014 is 2.17 which are higher than ideal (2:1).
Sales
Working capital turnover ratio=
Net working capital
Table: 5
(Rs. In million)
YEAR
SALES
2011
100,391.70
55,715.60
1.80
2012
114,053.10
54,641.80
2.09
2013
126,998.40
73,408.80
1.73
2014
136,360.40
29,981.50
4.55
GRAPH: 5
YEAR
Net profit ratio reflects net profit margin on the total sales after deducting
all expenses but before deducting interest and taxation. This ratio measured
the efficiency of operational of the company. This can be calculated by the
following formula:Net Profit
Net profit ratio =
Sales
Table: 6
YEAR
(Rs. In million)
NET PROFIT
SALES
NET PROFIT
2011
2012
49,004.90
55,260.40
100,391.70
114,053.10
RATIO (%)
1.975
1.841
2013
68,994.80
126,998.40
2.064
2014
69,046.20
136,360.40
2.049
GRAPH: 6
YEAR
Table: 7
YEAR
2011
EARNING PER
SHARE
11.60
2012
13.08
2013
16.33
2014
16.34
GRAPH: 7
YEAR
Interpretation:Earning per share is increasing with high rate. In 2014 EPS is 16.34
which are highest.
Du Pont Analysis
CHAPTER-7
Working
Capital
Management
CASH
Phase 2
INVENTORY
Phase 1
OPERATING CYCLE
Fig.1-- If it were possible to complete the sequences instantaneously,
there would be no need for current assets (working capital).
Since cash inflows and cash outflows do not match, firm have to
necessarily keep cash or invest in short term liquid securities.
So that will be in a position to meet obligations when they become due
similarly, firm must have adequate inventory to guard against the
possibility of not being able to meet a demand for their products.
Adequate inventory, therefore, provides a cushion against being out of
stock. If firm have to be competitive they must sell goods to their
customers on credit which necessities the holding of account receivable.
The concept of operating cycle is a cycle is a more precise tool for
financial management to precisely measure the WC requirements, to
trance its change and to determine the optimum level of WC
requirement. It is emphasized that the various component of the
operating cycle have to be continuously moving and changing from one
status to another.
The following situation prevalent in a business is assessed in an
operating cycle approach to WC management.
Nature of WC changes with the passage of time & also with day-today business transactions.
Maintaining
and
business
The
Production
CURRENT LIABILITIES:-
The liabilities payable within a year and out of current assets. The value
of these liabilities generally changes within one year. Long term liabilities
if matured and are to be paid in the current period and out of CA, will
become CL.
Long term categories of current liability are:
Bank Overdraft
Short term loan i.e. loan from bank etc. which are payable within one
year from the date of Balance Sheet.
2.
CHAPTER -8
Conclusion of the study
The following are the main conclusion of the study.
There has been increase in the profitability of the company. The net profits
in 20014 have shown a good increase.
are likely to get more and more benefits in the future. The short terms as well
as the long term lenders of loan funds are also very safe. The companys
future is very bright.
CHAPTER -9
CHAPTER-10
WORKING CAPITAL
AS AT THE END OF FINANCIAL YEARS
(Rs. In million)
CHAPTER 11
PROFIT AND
LOSS
ACCOUNTS
&
2010-11
2011-12
2012-2013
2013-14
7,623.80
2,088.90
56,329.10
2,466.80
7,979.40
3,324.50
52,553.20
3,379.60
11,110.90
4,028.70
69,421.00
4,156.40
11,982.40
3,995.10
30,314.20
6,083.00
68,508.60
67,236.70
88,717.00
52,374.70
3,682.40
5,670.80
4,102.90
5,039.40
4,034.70
8,248.70
5
,103.20
10,157.80
9,353.20
9,142.30
12,283.40
15,261.00
59,155.40
58,094.40
76,433.60
37,113.70
-1,061.00
18,339.20
-39,319.90
-------
BALANCE SHEETS
Particulars
No of Months
+ Gross Sales
Sales
Revenue from wind
power generation
Export Benefits
Sales - Scrap
Subsidy / Grants /
Incentives
Others operational
income
Net Sales
EXPENDITURE :
Increase/Decrease in
+ Stock
Work In Progress
Finished Goods
Less :
Work In Progress
Finished Goods
Excise Duty on Finished
Goods
Raw Materials
+ Consumed
Opening Raw
Materials
Purchases Raw
Materials
Closing Raw
Materials
+ Power & Fuel Cost
Elecricity & Power
+ Employee Cost
Salaries, Wages &
Bonus
Contributions to
Employers Provident
Fund & Pension Funds
Mar 20
Mar 20
Mar 20
Mar 201
14
13
12
1
12
12
12
12
149,330. 136,581. 120,610. 106,168.
50
40
90
50
145,250. 132,220. 116,590. 103,461.
20
00
80
10
1,779.00
2,015.70
1,232.60
677
530.4
1,344.30
604.2
1,215.30
1,285.80
940.4
760.1
752
124.9
201.1
301.7
136,360.
40
325.1
126,998.
40
561.3
114,053.
10
518.3
100,391.
70
1,567.30
3,859.60
408.4
1,045.00
2,873.00
269.6
873.6
3,774.20
312.8
1,514.30
2,361.80
168.8
5,269.90
549.7
3,859.60
408.4
2,873.00
269.6
3,774.20
312.8
15.7
80.4
70.8
42.1
5,012.60
7,663.40
2,176.90
1,692.30
1,960.90
242.2
196.7
3,660.50
9,382.10
2,222.40
1,889.00
608.8
11,551.3
0
11,551.3
0
6,800.60
1,960.90
10,704.6
0
10,704.6
0
6,499.10
242.2
12,278.4
0
12,278.4
0
5,346.40
196.7
10,226.0
0
10,226.0
0
5,107.80
5,752.50
5,310.40
4,426.10
3,895.70
363.4
525.6
410.9
771
684.7
39,226.5
0
663.1
32,943.0
0
509.4
28,525.6
0
441.1
25,256.6
0
8,492.00
306.7
8,169.50
15.8
6,955.30
275.5
6,663.20
16.6
5,676.80
237.6
5,430.20
9
4,579.00
253
4,314.30
11.7
32.7
10,272.5
0
31.2
48
36.2
9,199.40
8,378.80
8,033.30
1,884.60
13,335.5
0
1,394.70
11,750.7
0
1,133.90
10,466.6
0
1,414.80
5,209.20
3,611.70
2,821.50
2,364.20
1,546.70
30.8
14.7
16.1
230.9
1,405.20
141.4
15.8
125.6
253.8
1,171.80
78.4
14.9
63.5
238.1
983.9
56.6
11.8
44.8
231.7
330.3
18.9
230
17.6
192
14.8
197.4
13.5
5.7
930.1
4.1
758.3
1.1
647.4
0.8
483.9
2,484.00
2,088.20
1,799.90
1,741.30
2,198.40
2,069.10
1,768.90
1,722.20
285.6
3,401.10
19.1
1,656.30
31
1,185.90
19.1
821
188.8
192.6
1,710.30
46.8
0
49.9
0
80.3
0
55
1,455.20
1,413.80
1,105.60
766
68,455.5
0
67,904.
61,914.8
0
65,083.
53,358.5
0
60,694.
44,314.6
0
56,077.
8,829.10
(Excl OI)
+ Other Income
Interest
Profits on sale of
Investments
Income from other
investments
Forex Exchange
Gains
Operating Profit
+ Interest
Interest on Term
Loan
Bank Charges etc
Others
PBDT
Depreciation
Profit Before Taxation &
Exceptional Items
Exceptional Income /
+ Expenses
Other exceptional
Expenses
Profit Before Tax
+ Provision for Tax
Current Income Tax
Deferred Tax
Others
Profits After Tax
Profit Balance B/F
+ Appropriations
Interim Dividend Equity
Proposed Equity
Dividend
Corporate Dividend
Tax
Profit & Loss Balance
C/F
Equity Dividend %
90
20,704.2
0
7,334.80
60
20,031.9
0
8,679.50
60
15,428.3
0
5,975.40
10
8,660.20
3,474.00
5,706.20
6,406.30
271.8
0
13,369.4
0
88,609.
10
449.4
2,681.40
2,368.70
5,646.20
85,115.
50
268.6
358
76,122.
90
139.5
138.4
64,737.
30
182.8
52.9
287.7
161.7
88,159.7
0
7,845.90
80,313.8
0
188.1
27.6
84,846.9
0
6,470.40
78,376.5
0
18.5
121
75,983.4
0
6,106.70
69,876.7
0
46
136.8
64,554.5
0
4,747.40
59,807.1
0
-616.7
-175.3
-431.3
-211.6
-616.7
79,697.
10
10,650.9
0
16,400.5
0
3,890.40
9,640.00
69,046.
20
217,241.
70
286,287.
90
-175.3
78,201.
20
9,206.40
15,429.8
0
1,655.60
7,879.00
68,994.
80
170,519.
20
239,514.
00
-431.3
69,445.
40
14,185.0
0
14,089.5
0
1,356.30
1,260.80
55,260.
40
138,044.
70
193,305.
10
-211.6
59,595.
50
10,590.6
0
11,422.2
0
2,212.90
3,044.50
49,004.
90
98,950.6
0
147,955.
50
6,760.50
6,760.50
6,338.00
8,028.10
6,338.00
3,802.80
4,225.30
2,513.40
261,985.
90
175
2,173.80
217,241.
70
155
1,645.10
170,519.
20
120
685.5
138,044.
70
50
16.34
88.56
16.33
76.39
13.08
63.62
11.6
53.33
BALANCE SHEET
AS ON THE END OF FINANCIAL YEARs
Particulars
SOURCES OF FUNDS
+ Share Capital
Equity Authorised
Equity Issued
Equity Subscribed
Equity - Called Up
Equity - Paid Up
Face Value
+ Total Reserve
Capital Reserves
Profit & Loss Account Balance
Mar 201
4
Mar 201
3
8,450.60
10,000.0
0
8,450.60
8,450.60
8,450.60
8,450.60
2
365,725.
50
6.1
261,985.
8,450.60
10,000.0
0
8,450.60
8,450.60
8,450.60
8,450.60
2
314,306.
80
6.1
217,241.
8,450.60
10,000.0
0
8,450.60
8,450.60
8,450.60
8,450.60
2
260,362.
00
6.1
170,519.
8,450.60
10,000.0
0
8,450.60
8,450.60
8,450.60
8,450.60
2
216,881.
30
6.1
138,044.
General Reserves
Investment Allowance
(Utilised) Reserve
Hedging Reserve
Reserve excluding Revaluation
Reserve
Shareholder's Funds
+ Unsecured Loans
Other Unsecured Loan
Total Debts
Total Liabilities
APPLICATION OF FUNDS :
+ Fixed Assets
Freehold Land
Buildings
Plant& Machinery
Furniture & Fixtures & Office
Appliances
Vehicles
Railway Tracks & Sidings
Leasehold Land
Computer Software
Patents, trademarks and
designs
Other Fixed Assets
+ Less: Accumulated Depreciation
Buildings / Premises
Plant& Machinery
Furniture & Fixtures &
Office Appliances
Vehicles
Railway Tracks & Sidings
Computer Software
Patents, trademarks and
designs
Other Fixed Assets
+ Net Block
Freehold Land
Buildings / Premises
Plant& Machinery
Furniture & Fixtures &
90
103,831.
80
70
96,831.8
0
20
89,831.8
0
70
78,831.8
0
0
-98.3
365,725.
50
374,176.
10
563.7
563.7
563.7
374,739.
80
115.9
111.3
314,306.
80
322,757.
40
282.3
282.3
282.3
323,039.
70
0
4.9
260,362.
00
268,812.
60
171.5
171.5
171.5
268,984.
10
0
-1.3
216,881.
30
225,331.
90
237.9
237.9
237.9
225,569.
80
135,841.
10
1,788.60
11,773.4
0
112,950.
70
122,648.
00
1,076.20
10,959.9
0
105,888.
90
116,579.
00
771.1
10,174.5
0
100,479.
80
98,023.3
0
324.4
2,022.70
281.5
106.3
1,608.40
218.7
1,944.50
267.1
106.3
1,024.50
218.7
1,801.30
245.6
106.3
916.3
110.5
1,652.50
200.9
110
453.6
110.5
1,175.50
3,915.30
44,368.6
0
1,692.20
40,142.6
0
0
1,161.90
37,810.6
0
1,438.40
34,256.5
0
0
1,973.60
31,450.8
0
1,142.70
28,084.1
0
0
1,582.90
25,481.2
0
878.7
22,687.6
0
998.2
122.4
82.2
149.1
890
103.3
80.2
118.2
754.5
81.6
75.8
106.4
626.4
65.3
74.9
79
924
84,837.4
0
1,076.20
1,205.70
85,128.2
0
771.1
1,069.30
72,542.1
0
324.4
9,521.50
71,632.4
0
1,054.50
9,031.80
72,395.7
0
1,046.80
8,194.10
61,992.1
0
1,026.10
6.9
1,175.00
91,472.5
0
1,788.60
10,081.2
0
72,808.1
0
1,024.50
9,072.80
84,679.7
0
Office Appliances
Vehicles
Railway Tracks & Sidings
Leasehold Land
Computer Software
Patents, trademarks and
designs
Other Fixed Assets
Capital Work in Progress
+ Investments
Long Term Investment
Unquoted
Joint Venture & associated
Companies
Other Long Term Unquoted
Investments
Currents Investments
Quoted
Quoted Debentures / Bonds
Unquoted
Mutual Funds Units
Unquoted Equity Shares
+ Inventories
Raw Materials
Work-in Progress
Finished Goods
Stores and Spare
Goods in transit
+ Sundry Debtors
Debtors more than Six months
Considered good
Debtors Others
Considered good
+ Cash and Bank
Cash in hand
Balances at Bank
With Scheduled Banks
+ Other Current Assets
Interest accrued on
Investments
Prepaid Expenses
159.1
24.1
1,608.40
69.6
163.8
26.1
1,024.50
100.5
1,168.60
2,740.30
15,409.4
0
254,457.
50
29,421.7
0
28.1
0
237.9
10,818.5
0
166,773.
60
21,401.8
0
27
28.1
29,393.6
0
225,035.
80
19,770.7
0
19,770.7
0
205,265.
10
205,265.
10
11,982.4
0
608.8
5,269.90
549.7
4,483.40
1,070.60
3,995.10
26.4
26.4
3,968.70
3,968.70
30,314.2
0
0.2
30,314.0
0
30,314.0
0
6,083.00
27
21,374.8
0
145,371.
80
21,511.0
0
21,511.0
0
123,860.
80
122,760.
80
1,100.00
11,110.9
0
1,960.90
3,859.60
408.4
4,612.90
269.1
4,028.70
109.8
109.8
3,918.90
3,918.90
69,421.0
0
0.2
69,420.8
0
69,420.8
0
4,156.40
5,786.30
233.5
3,930.80
187.9
164
30.5
916.3
4.1
135.6
35.1
453.6
31.5
767.9
0
513.6
4,449.60
135,852.
60
5,948.20
100,810.
90
8,930.00
25.9
7,485.80
20.8
25.9
20.8
8,904.10
126,922.
60
13,796.1
0
13,796.1
0
113,126.
50
113,126.
50
7,465.00
93,325.1
0
7,979.40
242.2
2,873.00
269.6
4,052.40
542.2
3,324.50
51.2
51.2
3,273.30
3,273.30
52,553.2
0
0.3
52,552.9
0
52,552.9
0
3,379.60
7,623.80
196.7
3,774.20
312.8
2,726.80
613.3
2,088.90
29.5
29.5
2,059.40
2,059.40
56,329.1
0
1.5
56,327.6
0
56,327.6
0
2,466.80
3,228.10
147.6
2,310.70
142.4
0
93,325.1
0
93,325.1
0
Others
+ Loans and Advances
Advances recoverable in cash
or in kind or for value to be
received
To Others
Loans
To Employees
Balances with customs and
excise authorities
Total Current Assets
Less : Current Liabilities and
Provisions
+ Current Liabilities
Sundry Creditors
For Purchases
Unclaimed Dividend
Investor Education Protection
Fund - Other
Unearned revenue / Advances
received from customers
Trade and Other deposits
Other Liabilities
+ Provisions
Proposed Equity Dividend
Provision for Corporate
Dividend Tax
Provision for Tax
Total Current Liabilities
Net Current Assets
+ Deferred Tax Assets / Liabilities
Deferred Tax Assets
Voluntary retirement scheme
Other Deffered Assets
Deferred Tax Liability
Fixed Assets
Other Deffered Liabilities
Total Assets
+ Contingent Liabilities
Claims against the company
not acknowledged as debts
Liabilities under Guarantees
63.2
3,052.60
37.7
3,507.60
3.9
2,182.80
13.7
2,719.80
2,131.60
2,131.60
21.6
21.6
3,000.00
3,000.00
27.4
27.4
1,580.10
1,580.10
28.5
28.5
1,839.20
1,839.20
25.6
25.6
899.4
55,427.3
0
480.2
92,224.6
0
574.2
69,419.5
0
855
71,228.4
0
15,288.0
0
5,103.20
10,567.1
0
4,034.70
9,738.30
4,102.90
9,842.00
3,682.40
5,103.20
19.2
4,034.70
16.5
4,102.90
12.7
3,682.40
6.8
0.8
0.8
0.8
0.8
698.9
2,620.10
6,845.80
10,157.8
0
8,028.10
819.4
1,842.20
3,853.50
639.9
2,373.80
2,608.20
458.2
2,782.40
2,911.40
8,248.70
6,338.00
5,039.40
3,802.80
5,670.80
4,225.30
1,364.40
765.3
25,445.8
0
29,981.5
0
16,581.1
0
367.6
276.5
91.1
16,948.7
0
13,882.0
0
3,066.70
374,739.
80
20,074.9
0
19,436.6
0
638.3
1,077.10
833.6
18,815.8
0
73,408.8
0
12,798.6
0
219.8
164.4
55.4
13,018.4
0
12,121.6
0
896.8
323,039.
70
18,657.7
0
17,998.7
0
659
616.9
619.7
14,777.7
0
54,641.8
0
11,088.1
0
192
153.1
38.9
11,280.1
0
10,482.6
0
797.5
268,984.
10
14,305.8
0
13,683.4
0
622.4
685.5
760
15,512.8
0
55,715.6
0
9,447.00
70.7
54.9
15.8
9,517.70
9,025.20
492.5
225,569.
80
11,275.4
0
10,815.2
0
460.2
BIBLIOGRAPHY
READINGS:1.
2.
3.
4.
REFERENCES:5.
Published Accounts,
Periodicals:
6.
7.
8.
9.
Reports
&
Statistical
Websites:
10.
11.
http://acekp.in/balance-sheet/100188
Hzlindia.com
Bulletins
&