Académique Documents
Professionnel Documents
Culture Documents
RESEARCH
& METHODOLOGY ON
Roll No:-MB0911
MBA 2nd
Semester
MAEER’S
MAHARASHTRA ACADEMY OF ENGINEERING
MBA
DHAVAL DESHMUKH
INDEX
1] Introduction 5-8
A] About Company 5
B] About Industry 6
C] Assumption 7
10] Bibliography 31
ABOUT THE COMPANY
About Industry
The eyewear industry was largely unorganised with a few national/regional optical
chains. There was no player for fashion sunglasses in the organised sector however,
Now the sunglasses segment is growing very fast, growth in the sunglasses segment like
eyewear, glasses, contact lenses and fashion eyewear is driven by increasing awareness
of both the useful benefits and trendy appeal of these accessories, the latter of which also
contributes to shorter replacement cycles as styles changes frequently and growing
occurrence of buying multiple sunglasses for different occasions. The eyewear segment
is considered to be a part of the overall Retail Trade Sector. Player within the industry
retail a variety of optical merchandise, which includes prescription sunglasses.
This business of fashion eyewear, however, attracting the attention of large international
and National players and, hence is likely to become highly competitive while growing at
healthy rate of over 15%. The optical segment of the market is also growing at a similar
rate.
Today people want separate pairs of shade for office, casual wear, party wear, and beach
wear and so on and this has given a major boost to the eyewear market.
The brand inherits the values of trust, reliability and quality that customers associate
with the Tata group. This association has helped it build a strong and loyal customer
base among all customer segments.
The country’s branded eyewear market has grown manifold in the past three to four
years as luxury fast gains synonymity with urban lifestyle. From Ray-Ban to Bvlgari to
Burberry to Versace to Vogue and Dolce & Gabbana.
Eye-Q Eyecare Industries Pvt Ltd.
1. Interest Rate is considered @ 11.00 % for Term Loan and 11.50% for Cash Credit.
3. Income tax Rate is Considered@33.66% as per the Income Tax act, 1961.
6. It is assumed that most of the transactions are done through crossed cheque so
applicability of BCTT (Banking Cash Transaction Tax) is not considered.
7. Working for FBT (Fringe Benefit Tax) should be considered as per present Rates of
Tax it is to be actually debited to the Profit & Loss A/C, However, it is not allowed
expenditure as per Income Tax Act therefore, and the same can be shown after
Income Tax.
Eye-Q Eyecare Industries Pvt Ltd.
LIST OF DOCUMENT
1. Firm’s contribution as shown in the report is to be deposited in the bank from where
the loan is to be taken.
2. If the firm has purchased assets or incurred expenses they have to produce original
bills and receipts along with bank statement along with bank statement along with
bank statement from where these payments are been made.
4. Purchase agreement if the place of the shop is owned if the place of the shop is
rented the agreement has to be submitted to the bank.
• Ratio Analysis.
• Projected Cash Flow Statement of the Company.
EYE-Q Industries
Pvt.Ltd
COST OF PROJECT
3 Computers 1,50,000
TOTAL 1,35,00,000
MEANS OF FINANCE
Sr.No Particulars Rs (in Lakhs)
Total:- 41,50,000
The declaration from each director has to be taken regarding investment in the company.
The declaration mentions that the director will not withdraw his/her capital or
contribution until the tenure of the loan is over. The declaration is signed by each
director.
EYE-Q Industries Pvt.Ltd
EYE-Q Industries
Pvt.Ltd
PROFITABILITY STATEMENT
Particular 2010-2011 2011-2012 2012-2013 2013-2014
Gross Sales 3,58,54,000 4,83,05,000 5,87,10,000 6,25,00,000
Less:- Taxes 57,36,000 77,28,000 93,93,000 1,00,00,000
Net Sales 3,01,18,000 4,05,77,000 4,93,17,000 5,25,00,000
PROFITABILITY STATEMENT
Particular 2014-2015 2015-2016 2016-2017
Gross Sales 6,67,92,000 7,11,60,000 7,55,28,000
Less:- Taxes 1,06,86,000 1,13,85,000 1,20,84,000
Net Sales 5,61,06,000 5,95,75,000 6,34,44,000
LIABILITES
CAPITAL
Equity Share Capital 50,00,000 50,00,000 50,00,000 50,00,000
Reserves & Surplus 10,88,000 28,82,000 55,71,000 86,05,000
SECURED LOANS
1,26,57,00 1,16,66,00 1,02,28,00
Term loan 0 0 0 83,42,000
CURRRENT LIABILITES
Cash Credit 68,00,000 68,00,000 68,00,000 68,00,000
Sundry Creditors 6,06,000 9,85,000 11,50,000 13,95,000
Provision for tax 5,51,000 9,10,000 13,63,000 15,39,000
ASSETS
1,09,80,00
Fixed Assets 0 92,52,000 78,47,000 66,77,000
CLOSING STOCK
Raw Materials 6,06,000 9,85,000 11,50,000 13,95,000
Finished goods 30,07,000 33,00,000 39,31,000 41,50,000
Advance Tax 5,51,000 9,10,000 13,63,000 15,39,000
Other Current Assets 42,58,000 52,00,000 68,21,000 76,20,000
LIABILITES
CAPITAL
Equity Share Capital 50,00,000 50,00,000 50,00,000
1,15,64,00 1,49,24,00
Reserves & Surplus 0 0 1,87,18,000
SECURED LOANS
Term loan 60,09,000 32,28,000 0
CURRRENT LIABILITES
Cash Credit 68,00,000 68,00,000 68,00,000
Sundry Creditors 16,24,000 19,54,000 24,55,000
Provision for tax 15,01,000 17,04,000 19,24,000
3,24,98,00 3,36,10,00
TOTAL 0 0 3,48,97,000
ASSETS
Fixed Assets 56,90,000 48,53,000 41,24,000
CLOSING STOCK
Raw Materials 16,24,000 19,54,000 24,55,000
Finished goods 43,67,000 45,15,000 47,92,000
Advance Tax 15,01,000 17,04,000 19,24,000
Other Current Assets 79,16,000 83,85,000 85,99,000
3,24,98,00 3,36,10,00
TOTAL:- 0 0 3,48,97,000
EYE-Q Industries Pvt.Ltd
DEPRECIATION SCHEDULE
2010-2011 2011-2012 2012-2013 2013-2014
ASSETS W.D.V Dep W.D.V Dep W.D.V Dep W.D.V Depr
6,42,65 5,49,00
Total:- 43,45,250 0 37,04,600 0 31,55,600 4,66,500
EYE-Q Industries Pvt.Ltd
SOURCES OF FUND
Opening Balance 33,00,000 42,58,000 52,00,000 68,21,000
Profit before Tax 16,39,000 27,04,000 40,52,000 45,73,000
Add:- Dep 22,20,000 17,28,000 14,05,000 11,70,000
1,06,57,00
TOTAL (A):- 71,59,000 86,90,000 0 1,25,64,000
APPLICATION OF
FUNDS
Advance Tax 7,00,000 9,10,000 13,63,000 15,39,000
Repayment of term Loan 8,00,000 9,91,000 14,38,000 18,86,000
Net Increase in current
assets 14,01,000 15,89,000 10,35,000 15,19,000
SOURCES OF FUND
Opening Balance 76,20,000 79,16,000 83,85,000
Profit before Tax 44,60,000 50,64,000 57,18,000
Add:- Dep 9,87,000 8,37,000 7,29,000
APPLICATION OF
FUNDS
Advance Tax 15,01,000 17,04,000 19,24,000
Repayment of term Loan 23,33,000 27,81,000 32,28,000
Net Increase in current
assets 13,17,000 9,47,000 10,81,000
TOTAL (B) 51,51,000 54,32,000 62,33,000
Operating
Profit
Operating Profit Ratio = Net Sales X 100
4. Current Ratio:-
Current Assets
Current Ratio
= Current Liabilities
2010-
Particulars 2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2
Return on Capital
Employed 22.97% 26.69 29.12% 27.91% 27.70% 27
1,08,02,00 1,21,3
Shareholders Fund 46,15,000 55,46,000 76,92,000 91,44,000 0
Net Cash Flow (A) 30,54,000 30,88,000 33,05,000 32,24,000 32,49,000 33,21,000 31,56,000
Interest on Term Loan 12,74,000 10,79,000 8,84,000 6,90,000 4,95,000 3,00,000 1,05,000
Term Loan Instalment 2,72,000 4,67,000 6,62,000 8,56,000 10,51,000 12,46,000 14,41,000
Total Interest & 15,46,000 15,46,000 15,46,000 15,46,000 15,46,000 15,46,000 15,46,000
Principal (B)