Académique Documents
Professionnel Documents
Culture Documents
ON
INVENTORY MANAGEMENT
IN
STATIONERY INDUSTRY
Submitted to M. D. University, Rohtak in partial fulfillment of the requirement of the
award of degree in
Bachelor of Business Administration
2018
Submitted To: Submitted by:
Mrs. Kanu pahwa simran
Lecturer, BBA department BBA 6th sem
Roll No. 27773
Unvi. Reg. No. 15113
DAV CENTENARY COLLEGE
NH-3, NIT, FARIDABAD
CERTIFICATE
TABLE OF CONTENTS
Preface
Acknowledgement
Declaration
Executive Summary
LIST OF GRAPHS
LIST OF DIAGRAMS
Hence, to attain this objective and to have the outlook of all intricacies
of corporate world I have undertaken the Summer Training at “GUJARAT
NARMADA VALLEY FERTILIZERS COMPANY LTD.” It’s all about
“INVENTORY MANAGEMENT AND ITS ANALYSIS.”
ACKNOWLEDGEMENT
First of all I am thankful to Mr. N.K. Patadia (A.G.M. HRD) GNFC for
allowing me to take training under his shelter in the company.
DECLARATION
1.EXECUTIVE SUMMARY
This report talks about the company first, and then further it talks
about the financial aspects of the company.
Afterward it proceeds towards the theoretical aspects of the project
report and about various research methods used for the data
collection.
Further is discusses about the various aspects and techniques used
in inventory management.
Further it talks about various data analysis and interpretation of
various inventories ratio.
Lastly at the end of the report it talks about various strengths and
weakness and the limitations of the project report.
GNFC wants to give full services as well as education about crop,
soil, seeds, and fertilizer etc. to the farmers.
A
PROJECT REPORT
ON
IN THE AREA OF
FINANCE
FOR
SUBMITTED TO
M.B.A. PROGRAMME
PRESENTED BY
JAYNAND PATALIA
M.B.A. – SEMESTER-II
INTRODUCTION
1
Production Department
GNFC has drawn on the worlds leading technologies and systems for its
various production culmination of enterprise and initiative, resourcefulness and
resolve, technology at GNFC common vision for continuous growth.
2
Finance Department
G.N.F.C has a very active finance department, which looks for finance
management of company. Division of work plays an important role in every
organization for smooth working.
Marketing Department
3
Information Technology
(n)Code Solutions - An IT Division of GNFC
(n)Code Solutions offers Digital Certificates that can integrate with
applications such as emails, workflow, enterprise wide applications, or secure
VPNs. The Digital Certificates can be used by individuals, corporate and
governments to secure online B2B/B2C applications and other online
transactions.
4
RESEARCH METHODOLOGY
Study or Research Objectives:
a. To learn how the company keeps all the data of inventory perfectly.
b. To study how finance department of the company work.
c. To find out the composition of inventory.
d. To study the various inventory ratio.
e. To analyze the inventory management techniques used in the
company.
f. To study the Inventory Control Techniques of the company.
The data is collected from the respected persons of the company. The
communication was informal in nature.
i. Secondary Data:
The data was analyzed from the balance sheet, various tables, graphs,
charts, referred some of the reports and other companies report.
For the purpose of analysis of the data and the report I have kept in
mind the objective and analyzed each and every data I got at each
stage of the report. I have used many tools for analyzing the data and
the different ratios used for it are as follows:
5
SWOT Analysis
It focuses on the company’s financial as well as overall performance
and future.
STRENGTHS
WEAKNESS
OPPORTUNITIES
THREATS
· Few plants are in operation for more than twenty year and may
also require replacement of high value equipment and higher
maintenance expenditures.
· Entry of new competitors in the same field of business.
· Higher competitive market for IT products and service.
6
INDUSTRY PROFILE
Introduction:
7
Growth in Fertilizer Industry:
The Indian fertilizer industry has succeeded in meeting almost fully the
demand of all chemical fertilizers except for MOP. The industry had a very
humble beginning in 1906, when the first manufacturing unit of Single Super
Phosphate (SSP) was set up in Ranipet near Chennai with an annual capacity
of 6000 MT. The Fertilizer & Chemicals Travancore of India Ltd. (FACT) at
Cochin in Kerala and the Fertilizers Corporation of India (FCI) in Sindri in
Bihar were the first large sized -fertilizer plants set up in the forties and fifties
with a view to establish an industrial base to achieve self-sufficiency in
foodgrains. Subsequently, green revolution in the late sixties gave an impetus
to the growth of fertilizer industry in India. The seventies and eighties then
witnessed a significant addition to the fertilizer production capacity.
8
Importance of Fertilizer Industry:
9
Salient Features of Fertilizer Industry:
10
Fertilizer Industry Scenario in India:
11
COMPANY PROFILE
GNFC at Glance:
General Information:
GSFC
12
Board of Directors: -
Board of Directors
Shri A. K. Joti IAS Chairman
Shri H. V. Patel IAS Managing Director
Shri M. M. Srivastava IAS Director
Shri D. J. Pandian IAS Director
Shri R. K. Tripathy IAS Director
Shri G. C. Murmu IAS Director
Dr. TT Ram Mohan Director
Shri D. C. Anjaria Director
Dr. Ashok Shah Director
Executive Directors
Executive Director – IT Shri J. S. Kochar
Executive Director and Shri K. C. Jatania
Chief Finance Officer
Canara Bank
HDFC, ICICI
Head Office: - Bharuch
13
Historical Development
In 1981 largest shareholder promoted for the first project of GNFC Ltd.
GNFC Believes
DIAGRAM NO: 1
Public 38%
Govt. of Guj. 21.38%
GDFC 19.80%
NRIs 2.10%
FI & Banks 13.92%
FIIs & GDR 4.80%
14
15
· India's only manufacturer of Glacial Acetic Acid through the cutting-
edge Methanol route.
· India's largest single stream plant of Aniline.
· The only manufacturer of Toluene Di-isocyanine in South East Asia.
· Record capacity utilizations in all plants, defying the vintage through
ingeniously innovative maintenance measures.
· Development of the first indigenous, eco-friendly technology for H2S
removal, CATSOL, a much awarded product of the Company's R&D
labs.
Vision and Mission of GNFC:
Vision statement:
Mission Statement:
We shall –
16
o Achieve sustainable economic growth based on corporate
excellence driven by ethical business practices, professionalism,
dynamism and social responsibility.
Fertilizers Division:
Chemical Division:
GNFC has kept pace with changing times and its vision is always focused
on growth. Even as the Company was implementing its fertilizer complex, plans
were underway for expansion and diversification in related areas. This resulted in
the setting up of core chemical and petrochemical plants such as Methanol,
Formic Acid, Nitric Acid and Acetic Acid.
GNFC has kept pace with changing times and its vision is always focused
on growth. Even as the Company was implementing its fertilizer complex, plans
were underway for expansion and diversification in related areas. This resulted in
the setting up of core chemical and petrochemical plants such as Methanol,
Formic Acid, Nitric Acid and Acetic Acid.
17
Organizational Structure
GNFC is the largest company. So organization structure is very
large. GNFC is the company having organization structure of line and staff
type. There is a clear line of authority and responsibility, i.e. authority flows
· Fuel Oil.
· Natural Gas.
· Rock Phosphate.
Þ Utilities are
Water.
Coal.
Electricity.
Þ Catalysts are
HCL.
Aluminum.
18
Þ Fertilizers are
Urea.
Ammonium Nitro Phosphate.
Calcium ammonium nitrate.
Þ Chemicals are
Ammonia.
Methanol.
Acetic Acid.
Formic Acid.
Methyl formate.
Weak Nitric Acid.
Concentrated Nitrate Melt.
Fertilizer Product
1. UREA[NARMADA Urea]
Technology: Snamprogetti-Italy.
Capacity: 6, 36,000 MTA.
· Uses
The granules of Narmada Urea are white, uniform in size and free
flowing which ensures even distribution in the soil.
19
50 kg HDPE bags.
Supply through rail or road.
2. Calcium Ammonium Nitrate
· Uses
Narmada CAN granules are white in colour and are free flowing, which
ensures easy uniform distribution.
Narmada CAN contains 25 % double power N (half in ammoniac and
half in nitrate form).
Narmada CAN also contains 8.1% calcium- an essential secondary
nutrient for normal growth of plants.
Narmada CAN is excellent fertilizer for entire upland crops. Being neutral
in reaction, continuous use of Narmada CAN does not create any acidity
and alkalinity in the soil and soil productivity is maintained on sustained
basis.
· Uses
Narmada phos granules are uniform, grey in colour and free flowing.
Therefore are easy to apply uniformly in the soil.
Narmada Phos contains 20% N and 20% P2O5 available to plants. This
ensures balanced fertilization for basal application at sowing time.
4. Diammonium Phosphate
· Uses
It is a very good fertilizer for basal application and more suitable for
crops where recommendation of P2O5 is more than N.
50 kg HDPE bags
21
Industrial Product
1. Methanol
2. Aniline
Technology: The Technology for Formic Acid Plant has been supplied by
Kemira OY, Finland. GNFC produces high quality Formic Acid through
Methyl Formate Route.
Packing:
22
4. Acetic acid
Packing: In 200 Litres drums with epoxy lining or in suitable road tanker.
23
GNFC gives full fledged operation for family schemes and appropriate
incentives.
GNFC has adopted a few villages under the ‘GOKUL GRAM YOJANA’
set up the government of Gujarat.
TABLE NO: 1
24
Despatch/Sale Performance of GNFC plants
TABLE NO: 2
Þ Introduction
26
Financial Budgeting.
1. Bank section.
6. Concurrence section.
7. Establishment section.
27
1. BANKING SECTION
HDFC Bank 5%
ICICI Bank 6%
DIAGRAM NO.:2
% share
28
The Bank Section has been divided in to two categories:
I. Fund Management
II. Operation Management
Þ FUND MANAGEMENT:
Management of the fund is very crucial activity for GNFC because of its
very vast business operations. This section every year prepares Credit
Monetary Authority Data which is substantiated to respective banker of the
company. Based on this, data recording agencies like CRISIL, ICRA & Fitch
etc. provide credit rating. There are several ratings such as AAA, AA, and B+
etc. GNFC got AAA rating; it becomes very easy for the company to get cash
credit on loans.
Þ OPERATION MANAGEMENT:
Operation Management covers all daily payment. Payments are made
through cheques, if the amount is more than Rs.20, 000. Operation
management covers two basic functions:
Cash Operation
Bank Operation
Cash Operation:
All routine payment like traveling, conveyance allowances, medical
allowances, halting allowances etc.
Bank Operation
Bank operation covers all the major payment like payment to parties.
Like Interest payments, Dividend payments, Income tax etc.
29
2. BILLS PAYMENT SECTION
The payment rules in GNFC is that, any section can take the decision
for the transaction up to Rs.50, 000. Then after if the transaction is above
Rs.50, 000 than the concern department has to contact the finance
department and after the legal procedure, payment is made.
· RAW MATERIAL PAYMENT.
· WORKS/PROJECT PAYMENT.
· SERVICE PAYMENT.
· FOREIGN PAYMENT SECTION.
The whole finance department is divided into different section like Bill
payment section, Insurance section etc. Each section has to account for
respective areas by way of payment to the parties, receiving payment from
the parties etc. All the accounting is done by the various sections are
consolidated here in Central Accounting Section.
30
4. MARKETING ACCOUNTING SECTION
Þ Cash Collection
31
6. CONCURRENCE SECTION
32
8. BUDGET & COSTING SECTION
Þ Budget section
Þ Budget manual
Þ Budget control
34
Þ Payment to Government
· Government gives 22 days as a grace period.
· 18% interest has to be paid if the party is not able to pay the amount or
there is any delay in the payment.
Þ Returns
Statement/ Information should be given according to the specimen
declared by the government. In the Gujarat form
no./statement no. 201 is to be filled to give the information about the sales
value by the dealer.
Þ Penalty
· 30 days are given to file the returns and if the dealer fails to make the
payment then they have to pay Rs.100 per month for each delay in filing
the return.
Þ Assessment
· It can be in the following ways:
· Demand to pay
· Refund
Þ Appeal to Departments
· Appeal to Tribunal
35
The central sales tax is controlled by the Central government and the
revenue is given to the State government. As the dealers are from different
states, there are chances of disputes on tax payment. Thus, to avoid this
competition among the states, central government comes into picture. Form
‘C’ is issued by the local authorities to the dealer for the purchase of goods at
chipper VAT rate. INPUT TAX CREDIT is not applicable. Form ‘H’ is for the
International Marketing.
In GNFC all the plants are insured by the policy named “Industrial All
Risk Policy”. There are two types of Insurance:
1. Life Insurance. (Insurance given against human life)
2. General Insurance.(Insurance given against property)
The company deals with the general insurance policy. The various
types of general insurance policy are as follows:
1. Fire Policy.
2. Marine Policy.
3. Liability Policy.
4. Cash Policy.
5. Erection Policy.
36
1. Fire Insurance Policy
Flood
Earthquake
Inundations
Impact
Explosion
3. Liability Policy
5. Erection Policy
· Civil work.
· Actual erection of plant & machinery and its foundation.
· Third party Liability ( i.e. worker dies while working)
· Surrounding property.
37
TABLE NO: 4
DIAGRAM NO: 3
% share
Iffco Tokyo ( lead company)
ICICI Lombard
38
Þ Inventory Management
39
Þ Nature of Inventories
· Raw material
· Work in process goods,
· Finished goods &
· Spares and consumables.
· Raw Materials
· Finished goods
Finished goods consist of final products that are ready for sale.
Finished goods are those completely manufacturing products which are ready
for sale. Stock of material and work in process facilitate production, while
stock of finished goods is required for smooth marketing operation. Thus
inventories serves as a link between production and consumption of goods.
40
· Spares and consumables
The basic responsibility of the financial is to make sure the firm’s cash
flows are managed efficiently. Efficient management of inventory should
ultimately result in the maximization of the owner’s wealth. It was indicated
that in order to minimizes cash requirements, inventory should be turned over
as quickly as possible, avoiding stock-outs that might result in closing down
the production line or lead to a loss of sales.
41
Þ Why Inventory Management?
The surplus of the stock has been a principal guide of failure thus lead
to change their view regarding holding of inventories and adopt scientific way
of inventory holding. Following are factor that are following the view of
scientific inventory control.
1. Size of Business
42
Þ Factors Influencing Inventory Management Decision
There two types of factors. They are external and internal factor which
influence decision making for inventory in an organization. The external factor
arises from market conditions, credit availability and government regulation.
The external factors are not controllable easily while internal factor are
controllable with effective inventory management.
2. Lead Time
Lead time can be defined as the period that elapses between the
reorganization of a need and its fulfillment. Inventories have to take care of
normal consumption during lead time because it increases the inventories and
it will have to be increased correspondingly.
The time spent on each of these four stages will vary from item to item.
Out of these administrative and inspection lead time are under control of
purchase. Procurement lead time is the largest time. This should be
taken care of while negotiating the order and supply detail.
3. Relevant Cost
The inventory problem is one of the balancing costs, so that total cost
is minimized. Their costs are:
A. Cost of Ordering
The activities that are carried out for fulfilling the need for material,
which consume executive time, stationary and communication charges,
these are the cost of ordering.
43
B. Cost of Carrying out Inventories:
The moving factor to control inventory is the cost incurred by holding.
It is the cost that is expressed as percentage of the average investment
i.e. capital investment, spoilage insurance cost.
.
Þ Material Control Techniques
1. Purchase Control
2. Storage Control
3. Warehouse Accounting
1. Purchase Control
o Objectives of Purchasing:
44
2. Storage Control
The control of materials when it is in storage is affected through what is known as the
perpetual inventory. Thus two main functions of the perpetual inventory system have been
studied which are
45
Inventory Management In GNFC:
GNFC is maintaining inventories successfully. There are total 1, 40,000
items in inventory whose total value is Rs.1 crore (approx.) Bifurcation of
inventories percentage wise as shown below:
TABLE NO: 5
Mechanical Spares 57 %
Catalyst & chemical spares 12 %
Electrical spares 11 %
Instrumentation items 10 %
Other miscellaneous items 10 %
In 57% Mechanical Spare, there are some insured items which are
essential and cannot produce immediately. These items are not come into use
daily. These items are very costly and carrying cost is also high.
Bifurcation of Inventories:
DIAGRAM NO: 4
Mechanical Spares
Catalyst & chemical spares
Electrical spares
Instrumentation items
Other miscellaneous items
46
GNFC maintain some inventories different ways like use of SAP
system.
COMPOSITION OF THE NET OPERATING CYCLE
DIAGRAM NO: 5
47
1. Codification System
2. Classification of Inventory:
4. Importance Substitution.
5. Supply Chain Management & Inventory Control.
48
1. Codification System:
Codification system means assigning a unique code or name to each
item based on its use, characteristics, importance and other features. It is the
process of allocating a code after logical grouping and sub grouping
considering material type and application.
There should be adequate provision for future expansion and there should
be no duplication.
One particular size and type should be at one place only.
Description should be brief, very accurate, specification, part number;
drawing number should be quoted whenever required.
Unit of issue and receipts should be given and followed strictly.
Code should be understandable by those who have to use it.
It should be properly classified for section, classed and group.
One unique code for each item represented by single code.
Advantages:
49
TABLE NO: 6
Class A Class B Class C Class
Items value 70% 20% 10%
Number of items 10% 20% 70%
DIAGRAM NO: 6
Items value
A Class
B Class
C Class
50
Determination of EOQ:
The economic order quantity can be determined with the help of the
following formula:
EOQ=\|2AB/CI
Where,
A= annual usage in units.
B= buying cost/ordering cost.
C= carrying cost.
I= inventory carrying cost.
GNFC has norms that fast moving items have the following:
1. It should have more than 5 issue transactions in a year.
2. There should be multi user.
Slow Moving Items:
GNFC has norms that slow moving items have the following;
1. Items should have transaction between 1 to 5 time in a year
2. There should be multi user.
51
Non Moving Items:
GNFC has norms that are non moving items have the following:
Items have no issue transaction for last 3 years
Items should have some quantity available in all the past three
years.
a. Normally on closing of the financial year report are prepared for non
moving items. This report is then circulated to all concerned users
department and list will be sent to the store’s disposal procedure.
52
b. Mean while users department study the use of equivalent material
against other similar nature material requirement and give their
comment.
c. Accordingly excess material declared for disposal will disposed off.
The items having value greater than or equal to Rs. 1,00,000 are
classified as high value Items.
The items having individual value greater than or equal to Rs. 25,000
If the value is less than Rs. 25,000 then it is low value items.
This is the level at which any future demands upon the bill will
necessary withdrawals from the reserve stock.
54
The Minimum stock level is converted to meet exceptional
conditions of Demand. Two months usage of material taken into
considerations by the GNFC Ltd. As a minimum stock level.
This is the Level above which the stock should not be permitted
to rise. Eighteen months consumption of stocks taken into
considerations by GNFC Ltd. As a Maximum stock level.
Procedure Followed:
a. Items are selected
b. It is checked for dimension as well as for material of
construction. It is also if required check it with the help of metal
analyzer to know exact material of construction. Drawings are
developed
56
c. Local indigenous parties are developed to get it manufactured
locally.
d. Trials are taken after success it is stopped procuring from
abroad
In all the company they have all types of inventories. But the main
important thing is when and how many times control of the inventories of all
the companies is is required. So in GNFC control of all the inventories is
mentioned as under:
The company maintained the space and planning for the particular
department for example, suppose company has a Pipes and in production
department it is required 500 pipes, but here already company has 200
pipes. So company now requires only 300 pipes and they purchase it. So
in this way company arrange space and plan to maintain it.
Strength:
Weakness:
1. Non moving items inventory is high. It approx 15% need more clarity
and policy plan.
Valuation of Inventories:
A. At Plant:
B. At Field:
· Note:
59
Analysis of Inventory Management
The above graph shows the total inventory management of the company
various parts
GRAPH NO: 1
50000
45000
40000
35000
30000
25000
20000
15000
10000
5000
0
2005-2006 2006-2007 2007-2008 2008-2009 2009-2010
60
Analysis of inventory management
(in lakhs)
Particulars 2005-200 2006-200 2007-200 2008-200 2009-2010
6 7 8 9
Average R.M. Inventory 4041.72 5274.76 5522.4 6090.595 8270.05
R.M. Consumption per 214.72 294.78 341.99 343.39 346.56
day
R.M. Conversion Period 19 days 18 days 16 days 18 days 24 days
GRAPH NO: 2
30
25
20
15
10
0
2005-2006 2006-2007 2007-2008 2008-2009 2009-2010
Raw material conversion period is the time period between receiving the raw
material and sending them for production. It is the period of stocking the raw
materials for usage. So higher the ratio lower will be the profit. In the above
chart raw material conversion period lies between 15 to 19 days for the last
five years. In 2004-2005 it is 15 days which is lowest and so it is good for the
company. But in 2005-2006 it is 19 times which is not good for the company
because higher the ratio the lower will be the profit. In 2008-2009 the ratio is
18 times which is also very high and so not good for the company. So
company should try to reduce it.
62
TABLE NO: 9
(in lakhs)
GRAPH NO: 3
9
8
7
6
5
4
3
2
1
0
2005-2006 2006-2007 2007-2008 2008-2009 2009-2010
Þ Interpretation:
63
Finished Goods Conversion Period:
Average finished goods
Inventory
______________________________
Costs of goods sold
TABLE NO: 10
(In lakhs)
GRAPH NO: 4
200
150
100
50
0
2005-2006 2006-2007 2007-2008 2008-2009 2009-2010
Þ Interpretation:
64
F.G. Conversion Period 61 days 103 days 61 days 127 days 182 days
Inventory Conversion 88 days 126 days 81 days 150 days 208 days
Period
GRAPH NO: 5
Þ Interpretation:
65
GRAPH NO: 6
50000
40000
30000
20000
10000
0
2005-2006 2006-2007 2007-2008 2008-2009 2009-2010
Total Investment in Inventory
Þ Interpretation:
The above chart indicates the amount of inventory with the company.
The lower the amount the higher will be the profit but higher the amount the
lower will be profit. There is inverse relation between profit and inventory.
From the above chart it can be seen that in 2008-2009 the amount of
inventory is Rs. 43089 (in lakhs) due to which the profit also reduced and so
the profit is low in 208-2009.
66
B. Total Inventory Turnover Ratio:
Total inventory turnover ratio is concerned with the cost of goods sold
and average inventory. Total inventory turnover ratio is shows how many times
inventory is replaced during the year symbolically,
(in lakhs)
Particulars 2005-200 2006-200 2007-200 2008-200 2009-201
6 7 8 9 0
Inventory Turnover Ratio 6.92 times 7.5 times 7.95 times 6.63 times 5.96 times
10
8
6
4
2
0
2005-2006 2006-2007 2007-2008 2008-2009 2009-2010
GRAPH NO: 7
Þ Interpretation:
67
C. Work in Process Turnover Ratio:
Work in process turnover ratio is concerned with the cost of goods sold
and average work in process inventory. Work in process turnover ratio shows
how many times work in process inventory is replaced during the year.
Symbolically,
Cost of production
___________________
Average WIP Inventory
TABLE NO: 14
(in lakhs)
GRAPH NO: 8
250
200
150
100
50
0
2005-2006 2006-2007 2007-2008 2008-2009 2009-2010
Work in process indicates the stock withdrawn from warehouse and are
yet to get converted into finished stock. The higher the ratio the higher will be
the management efficiency. In 2007-2008 the ratio is approx 152 times which
shows good profitability for the company. But it reduced to 99 times in 2008-
2009 which shows decrease in profitability, company is taking more time to
produce finished goods which is not good for the company.
68
Finished goods turnover ratio is concerned with the cost of goods sold and
average finished goods inventory. Finished goods turnover ratio indicates how
many times finished goods are replaced during the year. Symbolically,
TABLE NO: 15
(in lakhs)
Particulars 2005-200 2006-200 2007-200 2008-200 2009-2010
6 7 8 9
Finished Goods Turnover 42 times 28 times 26 times 26 times 34 times
Ratio
GRAPH NO: 9
45
40
35
30
25
20
15
10
5
0
2005-2006 2006-2007 2007-2008 2008-2009 2009-2010
· Time period of 6 weeks in such big company like GNFC is very small to carry
out a bigger project like inventory management.
Company’s employees don’t provide enough data for the study.
· All the data are collected was secondary in nature so loopholes if any
would carried forward in the study.
70
FINDINGS
Research Findings:
Since its beginning the company has to incur loss due to damage of
machine E-501 and due to which they had loss of production. So they
have to keep this machine in stock.
Most of the employees in the organization are not aware about how to
use SAP software.
72
ANNEXURES
Fertilizers Company
Mar '10 Mar '09 Mar '08 Mar '07 Mar '06
12 mths 12 mths 12 mths 12 mths 12 mths
Sources Of Funds
Total Share Capital 155.42 155.44 155.44 155.44 146.48
Equity Share Capital 155.42 155.44 155.44 155.44 146.48
Share Application Money 0.00 0.00 0.00 0.00 0.00
Preference Share Capital 0.00 0.00 0.00 0.00 0.00
Reserves 1,923.63 1,858.68 1,690.26 1,415.19 1,030.81
Revaluation Reserves 0.00 0.00 0.00 0.00 0.00
Networth 2,079.05 2,014.12 1,845.70 1,570.63 1,177.29
Secured Loans 290.01 102.85 310.46 348.36 267.61
Unsecured Loans 265.05 253.05 3.05 3.22 4.75
Total Debt 555.06 355.90 313.51 351.58 272.36
Total Liabilities 2,634.11 2,370.02 2,159.21 1,922.21 1,449.65
Mar '10 Mar '09 Mar '08 Mar '07 Mar '06
12 mths 12 mths 12 mths 12 mths 12 mths
Application Of Funds
Gross Block 3,084.25 3,028.00 2,750.53 2,677.29 2,137.89
Less: Accum. Depreciation 1,914.90 1,798.51 1,680.30 1,570.96 1,286.79
Net Block 1,169.35 1,229.49 1,070.23 1,106.33 851.10
Capital Work in Progress 1,029.80 419.67 259.21 28.75 48.63
Investments 89.51 332.63 330.44 148.50 218.20
Inventories 405.03 430.76 386.00 388.47 269.58
Sundry Debtors 16.68 288.72 389.68 605.28 430.12
Cash and Bank Balance 40.61 52.02 75.38 29.35 30.00
Total Current Assets 462.32 771.50 851.06 1,023.10 729.70
Loans and Advances 1,379.21 1,246.18 296.90 294.43 621.18
Fixed Deposits 282.78 3.40 76.04 101.13 25.02
Total CA, Loans & Advances 2,124.31 2,021.08 1,224.00 1,418.66 1,375.90
Deffered Credit 0.00 0.00 0.00 0.00 0.00
Current Liabilities 536.73 500.66 588.71 682.79 450.61
Provisions 1,242.15 1,132.19 135.95 97.24 594.56
Total CL & Provisions 1,778.88 1,632.85 724.66 780.03 1,045.17
Net Current Assets 345.43 388.23 499.34 638.63 330.73
Miscellaneous Expenses 0.00 0.00 0.00 0.00 0.99
Total Assets 2,634.09 2,370.02 2,159.22 1,922.21 1,449.65
Contingent Liabilities 1,102.17 440.04 73.98 98.94 111.15
Book Value (Rs) 133.77 129.59 118.76 101.06 80.37
Books
Websites
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http://www.moneycontrol.com/gnfc/financials.html
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