ANALYSIS OF FINANCIAL STATEMENT
EXECUTIVE SUMMARY
INDUSTRY PROFILE
The healthy growth in the industrial sector achieved during 2!"# has continued during
the current year as well with overall industrial growth $%easured in ter%s o& the inde' o&
Industrial (roduction) growing at a rate o& *+, -ercent during the A-ril" Se-te%.er 2#"
/ co%-ared with 0+2 -ercent achieved during the sa%e last year+
The e'isting installed ca-acity in the industry is o& the order o& #/ M1
ther%al2 3!#/ M1 o& 4ydro and a.out 2/ M1 o& gas .ased -ower generation e5ui-%ent
-er annu% and %anu&acturing units de-ending u-on the needs and their ca-acity are
aug%enting the ca-acity+
COMPANY PROFILE
THE KIRLOSKAR GROUP
A signi&icant event in history o& Indian industry was the rise o& the 6irlos7ar
8rou- o& co%-anies to a %ulti.illion conglo%erate+ The &ounder Mr+ La'%anrao
6irlos7ar strongly .elieved that a co%-any9s -rogress was deter%ined .y the integration
o& %an and his intellect with technological growth and environ%ent+
The &irst 7irlos7ar -roduct2 :iron -lough;2 was an innovation &ar ahead o&
its ti%e a -roduct designed wholly with the custo%er in %ind+ it ulti%ately .eca%e an
instru%ent o& wealth &or an entire society+
4is words .reathe the s-irit with the 6irlos7ar industrial alance sheet
? (ro&it and loss account
? Annual re-orts
BABASAB PATIL
2
ANALYSIS OF FINANCIAL STATEMENT
INTRODUCTION OF THE STUDY
The accounting -rocess .egins with the recording o& transactions in the .oo7s o&
-ri%ary entry+ The accounting in&or%ation resulting &ro% the transactions so recorded
gets -osted in to various accounting heads in the ledger+ In the ledger each account is
.alanced at the end o& an accounting -eriod and a su%%ary o& all .alances in the various
accounting heads &ro% the ledger is -re-ared which is 7nown as trial .alance &ro% such
trial .alances and a&ter e&&ecting certain adangalore Trans&or%ers+
?nit B 0 (une Auto%ation electric e5ui-%ents2 s%all range
induction %otors and alternators u- to / 4(+
?nit B * Tu%7ur Sta%-ings2 Aie cast rotorsL .odies and coils+
?nit B F (une Cast resin2 trans&or%ers2 and oil &illed
trans&or%ers+
ORGANISATION SET UP OF KEC
BABASAB PATIL
3#
ANALYSIS OF FINANCIAL STATEMENT
>oard o& Airectors %anages 6EC ?nit II+ Mr+ Mi+@OS4I $S4O( III)2
" A+S+1OAEYA= $S4O( III)2
FINANCE " 6+S4=IA4A=
MA=6ETIN8 " M+=AM(=ASAA
ENGINEERING - D.A.DESAI
MMD - ASHOK KADAKOLI
MED & MSD - S.V.PUROHIT
CEN.PLANNING - A.B.JOSHI
BABASAB PATIL
3,
ANALYSIS OF FINANCIAL STATEMENT
ORGANISATION STRUCTURE OF KEC UNIT II
BABASAB PATIL
2
ANALYSIS OF FINANCIAL STATEMENT
HUBLI
MANPO5ER IN KEC UNIT4II
H(/-& Re)"(rce T"t-l Me/6er)
Aaily rated e%-loyees $A=E9s) Fro% grade
3 to F
#!2
Monthly rated e%-loyees $M=E9s) Fro%
grade 3 to *
#/
BABASAB PATIL
Chie& E'ecutive
Ae-uty 8eneral Manager
(roduction
Ae-art%ent
$Senior
Manager)
Finance
Ae-art%ent
$Senior
Manager)
Central
(lanning
$Assistant
Manager)
Stores
$esides these -er%anent e%-loyees2 around F3 trainees are recruited and contract La.our
are hired only &or so%e s-eci&ic -ur-oses and in never e%-loyed in -roduction or &eeder
sho-s+
O&&icer9s cadre is divided into 2 categories+
3+ @unior o&&icers &ro% the grade &ro% / to *
• @unior o&&icer 3C 8rade /
• @unior o&&icer 2C 8rade 0
• @unior o&&icer !C 8rade *
2+ Senior o&&icers &ro% the grade &ro% F to ,
O&&icerC 8rade F
Senior O&&icerC 8rade ,
The %anager cadre is classi&ied as &ollows &ro% grade 3 to 30
Assistant Manager " 8rade 3
Ae-uty Manager " 8rade 33
Manager " 8rade 32
Ae-uty Senior Manager " 8rade 3!
Senior %anager " 8rade 3#
Ae-uty 8eneral Manager " 8rade 3/
8eneral Manager " 8rade 30
PRODUCT PROFILE
BABASAB PATIL
22
ANALYSIS OF FINANCIAL STATEMENT
AC Ge&er-t"r AC /"t"r
N
DC M"t"r Tr-cti"& E=(i>/e&t
1e design and %anu&acture our -roducts according to the standards o& C
• ISO $International OrganiDation &or StandardiDation)
• IEC $International Electro technical Co%%ission)
• >IS $>ureau o& Indian Standards)
• >SI $>ritish Standards Institution)
• @EM$@a-an Electrical Manu&actures Association)
PERSONNEL DEPARTMENT
6+E+C2 co%-any recogniDes its e%-loyees as its %ost i%-ortant asset &or its continued
growth+ 4u%an resources %anage%ent in 6irlos7ar Electric Co%-any shall striver to
ensure continuous organiDational growth .y nurturing the strengths o& its e%-loyees and
-roviding the environ%ent and o--ortunity &or every individual to rise to hisLher highest
-otential2 identity and achieve hisLher -ersonal goal within the &ra%ewor7 o&
BABASAB PATIL
2!
ANALYSIS OF FINANCIAL STATEMENT
organiDational2 social and natural o.-rt/e&tC
I%-le%entation and %aintenance o& various &unctions is the res-onsi.ilities o& the 4ead
o& Ae-art%ent $4OA) with a--ro-riate duties assigned to section in charges $SIC) and
sta&&+
F(&cti"&)<
The Main &unctions o& (ersonnel Ae-art%ent areC
4OA"(E=SONAL ANA INA?ST=IAL =ELATIONSC
• To ensure that har%onious relations e'ists .etween wor7ers and %anage%ent
• To ensure sa&e wor7ing conditions and to -rovide sa&ety e5ui-%ents+
• To Co"ordinate security and vigilance activities
• Man-ower -lanning accounta.ility+
BABASAB PATIL
2#
ANALYSIS OF FINANCIAL STATEMENT
ORGANISATION CHART OF PERSONNEL DEPARTMENT
BABASAB PATIL
HOD
SIC
T=AININ8
IN C4A=8E
CANTEEN
AE(A=TME
NT
ASSISTANT
SEC?=ITY
OFFICE=
1ELFA=E
OFFICE=
INA+=EL
OFFICE=
AM>?LANC
E =OOM
TIME
OFFICE I+C
2/
ANALYSIS OF FINANCIAL STATEMENT
MARKETING DEPARTMENT
Success o& any -roduct totally de-ends on 4O it is %ar7ed and -ositioned din the
%ar7et+ Mar7eting de-art%ent is on o& the i%-ortant &unctional divisions o& 6EC ?NIT"
II2 which is .asically2 identi&ies and %eets the needs o& custo%ers -ro&ita.ly+ The -eo-le
in the %ar7eting de-art%ent are res-onsi.le &or the growth o& a .usiness concern .ecause
they co%e in direct contact with the custo%ers who now are considered as 6ing o& the
%ar7et as it is a .uyers %ar7et and no %ore a sellers %ar7et+
As %ar7eting de-art%ents .asic -rinci-le is to ta7e care o& the custo%ers to
achieve way they have divided their de-art%ent in to there sections such as C
? Mar7eting
? Custo%er Service
? Co%%unication
Mar7eting is &urther having its su.grou-s i+e+ technical grou-2 which does the ased on the a%ount re5uired the
de-art%ent .ased on the de%and contacts the %aterials %anage%ent de-art%ent issued
%aterials on the a%ount re5uired the -roduction scheduling2 routing and the li7e has to .e
carried out+
6+E+C ?NIT"II is -lanning turnover is 3 crores &or last year achieved to the F#
crore+ This -lanning &or turnover is 33 crores+
AC4Ge&er-t"r M-r*eti&.ut so%e ti%es the credit is issued
to a -articular custo%er de-ending on the volu%e o& the -urchase2 the ty-e o& a custo%er
6+E+C ?NIT"II has a credit -olicy e'tending to a %a'i%u% o& ! days+
O6?ecti@e)<
The o."&)i6ilit
? To %aintain and direct the organiDation2 which is ade5uate to -er&or% %aterial
%anage%ent &unctions+
? To de&ine the duties and res-onsi.ilities o& MMA and to ensure that they carried
out e&&ectively+
? To -lan &or realistic -urchase .udget+
? To %anage o.solete sur-lus and scra- %aterial+
SIC2S<
? To -lan the %aterial re5uire%ent
? To order %aterial and on a--roved su--liers and su--ly in the 5uantity necessary
to satis&y %ar7eting re5uire%ent+
BABASAB PATIL
!
ANALYSIS OF FINANCIAL STATEMENT
?
? To %onitor the %aterial reci-ient as -er delivery schedule indicated in -urchase
order and co"coordinating with su--lier+
? To %onitor the %aterial release &or -roduction in accordance with S=(LSC(LCC(+
FIC2S
? To -lan the %aterials re5uire%ent+
? To order %aterial and on a--roved su--lied and su--ly in the 5uantity necessary
to satis&y %ar7eting re5uire%ent+
? To %onitor the %aterial release &or -roduction in accordance with S=(LSC(LCC(
? To &ollow with su--lier &or su--lier &or su--lying2 re5uired %aterial at re5uired
ti%e o& %anu&acturing+
? To 7ee- the %anu&acturing division and other &unctional divisions other than the
%anu&acturing in&or%ed o& related activities to &acilitate overall coordination
related activities include in&or%ation regarding %aterial availa.ility su--lier
training -rogra%s reasoning &or user training &or su--lier -roducts etc+
? To deter%ine the need o& stoc7 re-lace%ent through use o& daily %aterial recei-t
-er-etual inventory+
? To %onitor and reconcile %aterials issued to su--liers+
BABASAB PATIL
!3
ANALYSIS OF FINANCIAL STATEMENT
ORGANIZATION CHART OF MMD
BABASAB PATIL
CEO 4OA
MMA
ACM
S!
SIC
S4O(!
OFFICE
ASSISTANT
SIC S4O( M
AC8
FIC
EOEC?TIME
S4O(S
!2
ANALYSIS OF FINANCIAL STATEMENT
FINANCE DEPARTMENT
Finance de-art%ent is the .lood o& any .usiness organiDation to survive+ Any
organiDation handica--ed .y &inance will never co%-lete an ulti%ately results in &ailure
and a .urden to econo%y+ Finance de-art%ent is concerned with -lanning and controlling
o& co%-any &inancial resources+
The co%-any -olicy is &or%ulated and credit worthiness o& the custo%er is evaluated
audits such as cash audit2 internal audit2 cost audit is done -er %onth+ In the &inance
de-art%ent o& 6EC ?NIT"II2 there are 20 sta&& %e%.ers contri.uting towards the
e&&ective &unctioning o& the de-art%ent+
ORGANISATIONAL HIERARCHY OF FINANCE DEPARTMENT
BABASAB PATIL
CO=(O=ATE FINANCE
C4IEF EOEC?TIME
8=AAE F ANA A>OME
M+=+E9s u- to 8=AAE *
!!
ANALYSIS OF FINANCIAL STATEMENT
6EC ?NIT"II2 is characteriDed .y the &act that all the colla.oration are sent to cor-orate
o&&ice at >angalore and the e'-enditure o& the -articular day are sent to the unit as -er the
re5uire%ent o& the units+
FUNCTIONSan7ers etc+
BANKERS OF K,E,C UNIT4II
6+E+C ?NIT"II has the &ollowing >an7ersC
3+ >an7 o& >aroda
2+ >an7 o& India
!+ Canara >an7
#+ 4ong 6ong >an7
/+ State >an7 o& India
0+ State >an7 o& Mysore+
BABASAB PATIL
!#
ANALYSIS OF FINANCIAL STATEMENT
Fi&-&ci-l I&)tit(ti"&)<
Following are the &inancial Institutions o& 6+E+C ?NIT"IIC
3+ Industrial Credit H Invest%ent Cor-oration o& India $ICICI)
2+ Industrial Aevelo-%ent >an7 o& India $IA>I)
!+ ?nit Trust o& India $?TI)
6+E+C ?NIT"II -roduction -er %onth is worth 3 crores+ >ut now it atte%-ting to
rise to =s 33 to 33+/ crores2 the raw %aterials is steel and co--er+ These are
-rocured &ro% steel Authority o& India Ltd+2 and 4industan Co--er Ltd+ 3J o& the
total turnover is used &or wel&are e'-enses and 0J o& total turnover is
used &or salary or e'-enditure+
On an average the 6EC ?nit"II is -aying =s+3/ la7hs as e'cise dutyL%onth2 0J o&
total turnover is given as salary and 3J o& the total turnover is s-ent on wel&are activities+
The %ethod o& de-reciation &ollowed is straight"line %ethod+ The co%-any has ado-ted
FIFO %ethod &or costing+
Li)ti&. "& St"c* eAc$-&.e)<
• >angalore Stoc7 E'change Ltd+2 $6I=ELEC==I)
• Madras Stoc7 E'change Ltd+$6=L)
BABASAB PATIL
!/
ANALYSIS OF FINANCIAL STATEMENT
ENGINEERING DEPARTMENT
1(-lit P"lic "# E&.i&eeri&.<
The 5uality -olicy o& 6+E+C ?NIT"II shall .e continuously i%-roving the 5uality
%anage%ent syste% in design2 %anu&acture2 %ar7et and service at co%-etitive -rices+
(roduct o& such 5uality2 resulting in custo%er satis&action2 5uality2 re-utation and %ar7et
leadershi-2 The role o& engineering de-art%ent is to design and develo- -roducts and
co%-onents ta7ing into consideration the cost2 -roduct a.ility2 usa.ility2 and %aintenance
o& the -roduct+
Sc">eC
A--lica.le to 5uality o. ASSEM>LYC
=otor is the static -art in the ACM9s and dyna%ic that is %oving in the AC89s+
The rotor goes through the &ollowing -rocess+
3) Sin7ingC
The roots are treated in the solution &or convenience o& inserting the sha&t so that
they e'-and and %a7e it easy &or insertion o& the sha&t+
2) TurningC
The correct turning and %ade according to the s-eci&ication+
!) Fan Sho- ArillingC
This is the -rocess where in the &an is to .e &i'ed and &or this -ur-ose drilling is
done and then loc7s are &i'ed &or sa&ety+
#) >alancingC
This ste- involves .alancing the rotor -ro-erly+
BABASAB PATIL
!F
ANALYSIS OF FINANCIAL STATEMENT
1INAIN8C
1inding is the %ost i%-ortant &unctional -art o& the %achine+ It has to .e done
%anually and -recisely+ This is the only -rocess2 which is totally %anual+ The %otor is
wound with correct rating wires+
SHOP II
Sho- II is die cast sho-+ 4ere in this sho- only die"casting is done+ That is the
sha-es o& .ody and na%e-lates &inal sha-e+ The sho- II has two %achines2 one &or
na%e-late -ressing and another &or .ody+
It houses the router section2 here sta%-ings are received and die casting o& the
%etal sta%-ing is carried in a &urnace heated at 0*/ degrees Celsius *// degree Celsius
=OTO= SECTIONC
4ere -rocessing o& rotor su. asse%.ling &or 64 0! to 3F &ra%es2 SA *3 &lange
%achine is underta7en+
AIE"CASTIN8 SECTIONC
4ere die"casting &or %otor &or 0! to 22/ &ra%e %otors and die"casting o& .odies2
&langes2 covers2 and ter%inal .o'es &ro% 64 0! to 3 &ra%es+
SHOP4III
This sho- can .e called as asse%.ly sho- .ecause the -roducts here will get u-to
,J only2 &inal &inishing will .e at this stage+
The asse%.ling o& %otors o& the &ra%e siDe %otors are asse%.led in this sho- in
three di&&erent asse%.ly lines na%elyC
• The non"standard line &or custo% %ode and is o-erated %anually+
• The standard line &or this standard %otor is also called verticals asse%.ly line
where the %otors are asse%.led %echanically .y various stations in the %achines
ac5uired &or the s-eci&ic -ur-oses+
BABASAB PATIL
!,
ANALYSIS OF FINANCIAL STATEMENT
• The e'-ort line is where the %otors have to .e e'-orted asse%.led with due care
and is done %anually+ A&ter asse%.ling the %otors they are sent to the -ainting
section2 which is housed in the sa%e sho-+
SHOP IV<
It wor7s as research and develo-%ent center &or the co%-any+ It 7ee-s its eye on
the changes that are ta7ing -lace in the electrical world and tries to ado-t those
changes in their %anu&acturing -rocess+ So it acts as research and develo-%ent in the
co%-any+
SHOP V<
4ere asse%.ling o& %ediu% and large %otors generators and M8?9s under
se-arate .ays li7e ACM .ay2 AC8 .ay and M8?? .ay+
(roduct =ating
A+C Motors Fra%e 2 to 22/ 3/ 61 to */ 6 1
A+C 8enerator Fra%e and
3F H 2/
AS"AL"CMA 2+/6MA to ,6MA
MotoriDed gear units , to 22/ +*/ 61 to 22 61
(ainting and testing is also done here+
SHOP VI <
In this section2 co%-onents used in the %otors are -re treated and -ainted+
6+E+C ?NIT"II has to its credit the -ioneering o& the latest technology called
:?ni.a7e; syste%+ Earlier this syste% was a--lied to all the -roducts .ut recently it has
.een restricted only &or e'-ort orders+ The do%estic -roducts are -ainted in conventional
%anner+
BABASAB PATIL
#
ANALYSIS OF FINANCIAL STATEMENT
ORGANISATION CHART OF FEEDER SHOPS
6+E+C has its cor-orate and %ar7eting o&&ice at >angalore+ National O&&ices are divided
into # Dones+
3+ North Pone C Aelhi2 Ludhiana2 and @ai-ur
2+ East Pone C 6ol7atta2 @a%shed-ur2 8uwahati2 >hu.aneshwar and =anchi+
!+ 1est Pone C Mu%.ai2 Nag-ur2 (une2 Ah%eda.ad2 Surat and Indore+
#+ South Pone C Chennai2 Coi%.atore2 Cochin2 4ydera.ad2 >angalore2 >elgau%2
(ondichery
BABASAB PATIL
CEO
4OA
(roduction
SIC B FEEAE= S4O(S
FIC2 T
=OOM
ANA T
C=I>
FIC2 Sha&t
>ody
FIC AIE
CASTIN8
FIC
S4O(0
#3
ANALYSIS OF FINANCIAL STATEMENT
1UALITY ASSURANCE
Kuality is the &itness to end"use2 it is all -ersuasive+ In this %odern and
co%-etitive world each and every co%-any is trying hard to introduce to 5uality and
every de&ect &ree -roduct 6+E+C has a &ull &ledge 5uality assurance de-art%ent headed .y
highly 5uali&ied -ro&essionals co%%itted to develo-ing -roducts that 7ee- -hase with the
changing desires and needs o& the consu%ers+ Kuality -lays i%-ortant role in 6+E+C
?NIT"II .ecause its -roducts are used &or industrial custo%er a--lications+ 4ence it %ust
satis&y and co%e u-to the custo%er e'-ectations+
O6?ecti@e<
The role o& KA division is to assist all &unctional division in achieving and
%aintaining level o& s-eci&ied 5uality re5uire%ent econo%ically+
This unit .eing ISO",32 certi&ied unit2 has to &ollow the stringent 5uality
s-eci&ication+ This de-art%ent &acilitates the total 5uality %anage%ent $TKM) in all the
de-art%ents2 .y ado-ting -rocess controls at all stages+
The 5uality assurance de-art%ent &ollows a de&inite set o& syste%s and
-rocedures2 which are incor-orated in the %anuals+ The %anuals are dra&ted to the lines
o& the standards as s-eci&ied .y the ISO", series o& clause &or 5uality docu%entation+
F(&cti"&)<
The &unctional res-onsi.ilities o& di&&erent sections o& KA divisions are as &ollowsC
• =eleasing o& acce-ted -roducts &or &urther -rocess+
• Evaluating 5uality rating o& su--liers+
• 8eneration o& NC re-orts &or analysisL review and initiating corrective action and
-reventive action+
• Kuality in&or%ation and re-orting+
• Maintaining docu%ents and records as -er -rocedures+
BABASAB PATIL
#2
ANALYSIS OF FINANCIAL STATEMENT
FEEDER SHOPS 1A<
Feeder sho-s KA is res-onsi.le &orC
• Ins-ectionL Testing o& -arts2 su. asse%.ly as -er a--ro-riate 5uality -lanL
docu%ents -roceduresL ins-ection -lans other docu%ents+
• Ensuring -ro-er identi&ication and ins-ection status+
• ?-dating2 revising ins-ection -lans -rocedure as and when &ound necessary+
• 8eneration o& Non"con&or%ance re-orts &or analysis2 revive and collective action2
-reventive action+
• Ensuring that cali.rated instru%ents are used &or %easure%ents and coordinating
with cali.ration section &or -eriodic cali.ration+
FINAL INSPECTION AND TESTING
Conduction routingL ty-eL engineering tests on -roducts to s-eci&ied re5uire%ents as -er
docu%ented -roceduresC
• Maintaining test records and -roviding test certi&icates+
• Ensuring tested -roducts and con&or%ing to s-eci&ied re5uire%ents and co%-lete
in all res-ects+
• (roviding ins-ectionL tests stating &or con&ir%ing -roducts+
• (roviding engineering test results &or design %odi&ication where necessary+
• Assisting in custo%er ins-ection+
1UALITY LABORATORY<
• (eriodic cali.ration o& instru%ents as -er docu%ented -rocess+
• Arranging &or re-airL recti&icationL dis-osal o& %easuring instru%ents+
• (lanning &or new instru%entsL organiDing cali.ration &unction &ro% e'ternal
agencies+
• Maintaining docu%entsL records as -er -rocedures+
BABASAB PATIL
#!
ANALYSIS OF FINANCIAL STATEMENT
1UALITY SYSTEMS<
• Maintaining 5uality syste%s as -er ISO ,3"2
• Assisting 4OA KA &or conduction 5uality related training -rogra%s+
•
• Analysis and re-orting o& custo%er co%-laints internal non"con&or%ance
re-orts+
• Conducting syste%s audits2 %onitoring corrective actions2 -reventive actions+
• I%-le%enting o& corrective actions and -reventive actions+
ORGANIZATION CHART OF 1UALITY ASSURANCE
B
BABASAB PATIL
##
SIC"KA IMI *
Feeder Sho-
KA $Sho- 3H2)
SIC Final
Ins-ection H
Testing Sho-/ *
KA La.
SIC"Final
Ins-ection Sho- !
FIC"KS
CEO
4OA K+A
ANALYSIS OF FINANCIAL STATEMENT
PROCESS FLO5 CHART
c(((
BABASAB PATIL
FIC"Final
Ins-ection
H Testing
Sho- !
FIC BFinal
ins-ection H
Testing H
Custo%er
Ins-ection Sho-/
FIC
Custo%er
Ins-ection
FIC
1inding
Ins-ection
FIC"KA La.
FIC"1inding
Ins-ection
#/
FIC"KA IMI
FIC Sho- 3
H 2 KA
FIC"Sho- 0
KA
Custo%er
"=e5uire%ents
ANALYSIS OF FINANCIAL STATEMENT
COMPUTER DIVISION
1e are into technology revolution where -rocess and %anual )<
=egular .ac7u- is ensured de-art%ent wise as -er the -rocedure de&ined+
• D"c(/e&t C"&tr"l<
=ecords &iles are u-dated and %aintained in the docu%ent control register+
GENERAL FUNCTIONSC
BABASAB PATIL
#*
ANALYSIS OF FINANCIAL STATEMENT
Co%-uter de-art%ent wor7s as a su--orting device &or all de-art%ent and all the
&unctional activities li7e -ayroll -re-aration and accounts receiva.les %anage%ent is
done with the hel- o& co%-uter de-art%ent+ In -roduction &ield2 it will hel- in -lanning2
invest%ent %anage%ent etc+ The co%-any also has CMAN and E=( -rocedure to
strengthen their -roduction activities+
ORGANIZATION OF COMPUTER DEPARTMENT
CENTRAL PLANNING
O6?ecti@e<
BABASAB PATIL
#F
FIC"
4ardwareLElectrical
Maintenance
FIC"
So&tware
Aevelo-%entLMaintenanc
e
SIC"So&tware
Aevelo-%entL=evalidation
Maintenance
SIC"So&tware
Aevlo-%entL%odi&icationL4
eardwareL>ac7u-
4OA CA
CEO
ANALYSIS OF FINANCIAL STATEMENT
To descri.e the 5uality %anage%ent syste% -rocess H -rocedures &ollowed in
-roduction de-art%ent+
Sc">e<
• A--lica.le to Central (lanning Ae-art%ent+
• To de%onstrate -roduct %anu&actured %eets re5uire%ents .y &ollowing
a--lica.le -rocess+
• For e&&ective a--lication2 i%-le%entation2 continued i%-rove%ent in the di&&erent
areas o& wor7+
A>>r"-c$<
Activities in the de-art%ent are carried out with re5uired resources+ =esources
include >uilding2 (ersonnel2 Manu&acturing e5ui-%ents2 Test e5ui-%ent etc+ the
availa.le resources are %anaged to %a7e 5uality -roducts+ The de-art%ent2 OrganiDation2
(rocess H Other activities &ollowed &or KMS re5uire%ents is given+
F(&cti"&)<
• =elease o& %aterial against S=LSC( to all de-art%ents+
• (lan on .asis o& %aterial availa.ility+
• Su."contract is given+
• =e"-lanning o& %aterial against the non"con&or%ance+
• Maintain o& -roduct identi&ication and tracta.ility+
• Corrective action+
• Maintain 5uality records+
ORGANISATION CHART OF CENTRAL PLANNING
BABASAB PATIL
#,
ANALYSIS OF FINANCIAL STATEMENT
MANUFACTURING ENGINEERING DEPARTMENT
DMEDE
BABASAB PATIL
CEO
4OA C(
SIC"(lanning SIC"co%-onent
%anu&acturingLsu.
contract FIC
FIC"
Asse%.ly
-lanning
FIC"Aie"
castingH =otor
su." asse%.ly
F?C"Su.
contract
FIC"
=ecords
/
ANALYSIS OF FINANCIAL STATEMENT
F(&cti"&)<
• (re-aration general asse%.ly drawings o& ret-ti"&riet-r
R-ti"DLE
,:I ,:F ,8; ,8F
BABASAB PATIL
0,
ANALYSIS OF FINANCIAL STATEMENT
SOURCE< ANN?AL =E(O=TS OF COM(ANY
I&ter>ret-ti"&< The e5uity ratio is high in 2#"/ i+e+ 2FJ+ It indicates that a high
-ro-rietary ratio relatively little danger to the creditors and it is .etter &or long"ter%
solvency -osition o& the co%-any+ >ut it has .een decreased to 3!J and 3*J in the year
20"* and 2*"F res-ectively+ A ratio .elow /J is dangerous to the creditors at the
ti%e o& winding u- o& a co%-any+
GE E1UITY RATIO<
E5uity =atio is calculated .y dividing ca-ital e%-loyed $CE) .y Net worth
$N1)
F"r/(l-<
E5uity =atioT Ca-ital e%-loyed $CE)LNet worth
T-6le4I $A/"(&t i& l-*$)E
Ye-r :77G479 :77947H :77H47; :77;47I
C->it-l
e/>l"e'
G3F:3HII G3F:3HII G3F:3HII G39:3HII
Net C"rt$ 8837I3::J 8837I3:JJ 883HI3::J 8:39:397H
E=(it R-ti" ,FJ ,FJ ,F; ,FH
SOURCE< ANN?AL =E(O=TS OF COM(ANY
BABASAB PATIL
*
ANALYSIS OF FINANCIAL STATEMENT
I&ter>ret-ti"&< There are no standard rules &or %aintaining e5uity ratio+ It di&&ers
according to the nature o& the .usiness+ The lower -er&or%ance in %aintain Net worth in
2#"/ H 2/"0 .ut in 20"* H2*"F good -er&or%ance %aintaining o& ca-ital
e%-loyed to net worth+
T?=NOME= L ACTIMITY =ATIOS OF T4E COM(ANY
I&tr"'(cti"&<
Activity ratios are e%-loyed to evaluate the e&&iciently with which the &ir%
%anages and utiliDes its assets+ These ratios are also called as turnover ratio+ There&ore
they indicate the s-eed with which assets are .eing converted L turned over in to sales+
Thus an activity ratio involves relationshi- .etween sales and assets+ A -ro-er .alance
.etween sales and assets generally re&lects that assets are %anaged well+
In other words2 turnover ratio indicates the e&&iciency with which the ca-ital e%-loyed is
rotated in the .usiness+
4igher the ratio o& rotation2 the greater will .e the -ro&ita.ility
BABASAB PATIL
*3
ANALYSIS OF FINANCIAL STATEMENT
DIFFERENT TURNOVER RATIOS<
3) Inventory stoc7 turnover =atio
2) Ae.tors $Accounts =eceiva.le) Turnover =atios+
!) Creditors $Account (aya.le) Turnover =atios
#) Fi'ed Assets turnover =atio
/) Current Assets turnover =atio
0) 1or7ing ca-ital turnover =atio
*) Total Assets turnover =atio
F) Net Assets turnover =atio
8E INVENTORY % STOCK TURNOVER RATIO DITR%STRE,
It indicates the e&&iciency o& &ir% in -roducing and selling its -roducts+ 4igh =atio is
good &ro% the view -oint o& li5uidity and vice versa+ A low ratio would signi&y that
inventory does not sell &ast and sta.ly in the warehouse &or a longti%e+
F"r/(l-<
Cost o& 8oods Sold O= Sales
VVVVVVVVVVVVVVVV VVVVVVVVVV
Avg+ Inventory Inventory
Ta.le", $A%ount in la7hs)
Ye-r :77G479 :77947H :77H47; :77;47I
S-le) F83:73GFG G83G73:GH 9J38F3J9; ;:3;;3;HI
I&@e&t"r 83:;39:J :38;3JH8 :3:J3;:; G3993IHG
I&@e&t"r
t(r&"@er r-ti"
:G,G 8I,J :9,;G 89,JH
BABASAB PATIL
*2
ANALYSIS OF FINANCIAL STATEMENT
SOURCE< ANN?AL =E(O=TS OF COM(ANY
I&ter>ret-ti"&ut it is low in 2*"F and 2/"0 i+e+ 3/+, and
3F+, res-ectively+ ?sually2 a high inventory turnover indicates e&&icient %anage%ent o&
inventory .ecause %ore &re5uently the stoc7s are sold+
DAYS OF INVENTORY HOLDING<
F"r/(l-< InventoryW!0LSales
T-6le 487 $A/"(&t i& l-*$))
Ye-r :77G479 :77947H :77H47; :77;47I
I&@e&t"r 83:;39:J :38;3JH8 :3:J3;:; G3993IHG
S-le) F83:73GFG G83G73:GH 9J38F3J9; ;:3;;3;HI
D-) "#
i&@e&t"r
$"l'i&.
8G,; 8I,J9 8F,JI ::,9
SOURCE< ANN?AL =E(O=TS OF COM(ANY
BABASAB PATIL
*!
ANALYSIS OF FINANCIAL STATEMENT
I&ter>ret-ti"&ret-ti"&< 4 The ratios are increasing year .y year+ In 20"*2 it is #+2/and it has
.een increased to #+/ in 2*"F+ The ratio is not so high+ It shows that the -ay%ents o&
de.tors are not so -ro%-t+ It is less standard ratio i+e+ F ti%es+
Ae.tors Collection (eriod <
F"r/(l-<
Ae.tors collection -eriod ratioT Ae.torW!0Lsales
T-6le48: DA/"(&t i& l-*$)E
Ye-r :77G479 :77947H :77H47; :77;47I
De6t"r I3:9377I 883:H3FJ7 8F3;I3J:F 893JI3H:9
S-le) F83:73GFG G83G73:GH 9J38F3J9; ;:3;;3;HI
De6t"r)
C"llecti"&
Peri"'
J9 JI IG ;J
BABASAB PATIL
*/
ANALYSIS OF FINANCIAL STATEMENT
SOURCE< ANN?AL =E(O=TS OF COM(ANY
I&ter>ret-ti"&< 4 The collection -eriod o& 6EC is not good
ASSETS TURN OVER RATIO<
Asset turn over ratio indicates Sales &or every one ru-ee which is invested in
&i'ed and current asset together+ Assets are used to generate sales+ A &ir% should %anage
its e&&iciently to %asculine sales+
F"r/(l-<
Asset turnover ratioT SalesL Net Asset
T-6le48F DA/"(&t i& l-*$)E
Ye-r :77G479 :77947H :77H47; :77;47I
S-le) F83:73GFG G83G73:GH 9J38F3J9; ;:3;;3;HI
Net A))et 893FJ3:HG 8I39H3;7: :93:93GJI F:3J:3JGH
BABASAB PATIL
*0
ANALYSIS OF FINANCIAL STATEMENT
A))et t(r&
"@er r-ti"
:,7 :,: :,F :,:
SOURCE< ANN?AL =E(O=TS OF COM(ANY
I&ter>ret-ti"&C The total asset turn over ratio is 2+! ti%es in the year 20"* it is good+
The sa%e is %aintained in year 2/"02 2*"F+ In the 2#"/ the ratio is low+ It
indicates -oor -er&or%+
FINDINGS<
The i%-ortant &indings o& the study are as &ollows+
3) Cash ratio o& the co%-any is -oor hence they will &ind -ro.le% o& li5uidity
-osition+
2) The de.tor9s collection -eriod o& 7ec is not good+
!) The 5uic7 ratio o& 7irlos7ar electric li%ited is showing a increasing trend H it is
also .elow the standard ratio 3C3+
#) The current ratio o& 7irlos7ar electric li%ited is not satis&actory .ut it is .elow the
standard ratio i+e+ 2C3+
BABASAB PATIL
**
ANALYSIS OF FINANCIAL STATEMENT
/) Ae.t e5uity ratio o& the co%-any is &ar .elow the standard+ They have not utiliDed
the -otential o& .orrowing &or the de.ts+
0) In the 7irlos7ar electric li%ited the creditors are -aid -ro%-tly+
*) The co%-any %aintains a co"o-eration a%ong the sta&& %e%.er H %anage%ent+
F) On an average all together other ratios are nor%al+
,) As -er order given .y the custo%er su--ly %anu&acture -roducts to the% at right
ti%e H at right -laces+
SUGGESTIONS<
3) Co%-any should try to %aintain its current ratio at the standard 2C3+
2) The co%-any should reduce its cost o& -roduction through ado-ting new
technology+ It will hel- to increase the sales+
!) The 7ec9s average collection -eriod is very high+ For avoiding the co%-any
should ta7e %aalance
d) Loans H Advances
8 32*2/2,
F2/2F
23*2**!
2#32#FF
3202*2,
0!*20!
!#F2!*/
3*,2//#
32#332*,F 322,222FF
LESS < CURRENT LIABILITIES +
PROVISIONS
a) Current Lia.ility
.) (rovisions
4 322*!232#
322,*,
32!3,2/,#
32,!2
322F023! 32!!2/20
NET CURRENT ASSETS 32/20,/ $!F22!F)
MISCELLANEOUS EXPENDITURE
TO THE EXTENT NOT 5RITTEN
OFF
I **2FF2 3!22#/3
PROFIT + LOSS ACCOUNT !0020, #F023*#
TOTAL 32!332!/ 32/202!3!
TTTTTTT TTTTTTTT
NOTES ON ACCO?NTS N
>ALANCE A>ST=ACT H COM(ANY9S O
8ENE=AL >?SINESS (=OFILE
(=OFIT H LOSS ACCO?NT FO= T4E YEA= ENAEA !3
ST
MA=C4
2/
$=s+ in la7hs)
Schedule Current Year (revious Year
INCOME
Sales
Less C E'cise Auty
Other Inco%e
(ro&it on sale o& long ter% invest%ent
=e%ission o& Loan Lia.ility
(ro&it on sale o& &i'ed assets
@
!22!20!*
F!22! !2322#!#
322/*!
"
2!2#32
,320#F
22302*/3
/023*, 23/2/*2
#32/,
3#2##0
"
!,2,#
TOTAL !22#F20* 2222*2
TTTTTTTT TTTTTTTT
EXPENDITURE
Consu%-tion o& raw %aterial2
Stores2 S-ares &or H Co%-onents
and -urchasing &or trading+
O-erating and other e'-enses
=estructing e'-enses
6
L
22F//2F/F
2!2,0F
,23/!
32,*2!/
2302F,,
BABASAB PATIL
F3
ANALYSIS OF FINANCIAL STATEMENT
Interest H Finance Charges
On &i'ed loans
On other accounts
3F2*3
!2F!2
3/20/#
322,
222/#2 2*200!
Loss on Sale o& Fi'ed Assets
Ae-reciation2 A%ortisations H
(rovisions
#*2,!3
,,2*#,
2/2*30
002!*#
TOTAL !22!,223 222#!20F*
PROFIT % DLOSSE BEFORE
TAXATION
Less C (rovision &or Ta'ation $Net)
F2F00
#0
$#22,F/)
$/,#)
PROFIT % DLOSSE FOR THE YEAR F2F2 $#22!F3)
Add C Trans&er &ro% 8eneral =eserve
realiDed -ortion o& revaluation reserve on
sale o& asset+ 333200# 322/0
322#F# $#323!/)
LessC Loss .rought &orward &ro%
-revious year $#F023*#) ##/2!,
B-l-&ce "# L")) c-rrie' t" B-l-&ce
)$eet
$!0/2/,) $#F023*#)
TTTTTTTT TTTTTTTT
Earning -er $&ace value =s+3L" -er share)
>asic
Ailuted
$+2)
$+2)
$3+*)
$3+/,)
NOTES ON ACCO?NTS N
>ALANCE S4EET A>ST=ACT H
COM(ANY9S 8ENE=AL >?SINESS
(=OFILE
O
ANN?AL =E(O=T 2/"20
>ALANCE S4EET AS AT !3
ST
MA=C4 20
$=s+ in la7hs)
Schedule As At !3
st
March 20 As At !3
st
March 2/
SOURCES OF FUNDS
SHARE HOLDERS FUNDS
a) Ca-ital
.) =eserves H Sur-lus
A
>
#!220FF
0*/2/#3
#!220FF
0*/2/#3
323F222, 323F222,
LOAN FUNDS
a) Secured Loans
.) ?nsecured Loans
C
A
3*02*!
3*2/3
2323
2232
3,!20*# 2!233
TOTAL 32!32F! 32!332!/
TTTTTTT TTTTTTTT
APPLICATION OF FUNDS
FIXED ASSETS
a) 8ross >loc7
.) LessC Ae-reciation
c) Net >loc7
E !F2/!/
2032030
33F2,#,
!F,2*!,
20222*!
32*2#00
BABASAB PATIL
F2
ANALYSIS OF FINANCIAL STATEMENT
d) Ca-ital wor7 in -rogress $at Cost)
LessC (rovision &or Ai%inution in value
/02!F!
!2/0
/F2000
"
/!2!2* /F2000
3*222*0 3F023!2
INVESTMENTS F 020F ///2,/3
CURRENT ASSETS3 LOANS +
ADVANCES
a) Inventories
.) Sundry Ae.tors
c) Cash H >an7 >alance
d) Loans H Advances
8 23*2,03
323202!,
3!,2#!#
2/!2,0F
33,2/,
F2/2F
23*2**!
3/2/!
32*!*2*/! 3220*2#2#
LESS < CURRENT LIABILITIES +
PROVISIONS
a) Current Lia.ility
.) (rovisions
4 32//022/*
2322/
32!3,2/,#
32,!2
32/*02/* 323#32*2,
NET CURRENT ASSETS 30322#0 32/20,/
MISCELLANEOUS EXPENDITURE
TO THE EXTENT NOT 5RITTEN
OFF
I #!2F2! **2FF2
PROFIT + LOSS ACCOUNT !2#2!, !0/20,
TOTAL 32!32F! 32!332!/
TTTTTTT TTTTTTTT
NOTES ON ACCO?NTS N
>ALANCE A>ST=ACT H COM(ANY9S O
8ENE=AL >?SINESS (=OFILE
(=OFIT H LOSS ACCO?NT FO= T4E YEA= ENAEA !3
ST
MA=C4
20
$=s+ in la7hs)
Schedule Current Year (revious Year
INCOME
Sales
LessC E'cise Auty
Other Inco%e
(ro&it on sale o& long ter% invest%ent
=e%ission o& Loan Lia.ility
(ro&it on sale o& &i'ed assets
@
#22F3232*
3#2FF3 #23#22#0
3,2*3*
22,,2
"
02#/!
!22!20!*
F!22! !2322#!#
322/*!
"
2!2#32
,320#F
TOTAL #230,2#F !22#F20*
TTTTTTTT TTTTTTTT
EXPENDITURE
Consu%-tion o& raw %aterial2
Stores2 S-ares &or H Co%-onents
and -urchasing &or trading+
O-erating and other e'-enses
=estructing e'-enses
6
L
!2*//2*/
2/,2F,0
202/F/
22F//2F/F
2!2,0F
,23/!
BABASAB PATIL
F!
ANALYSIS OF FINANCIAL STATEMENT
Interest H Finance Charges
On &i'ed loans
On other accounts
3!2,/*
#2*#
3F2*3
!2F!2
3F2!3 222/#2
Loss on Sale o& Fi'ed Assets
Ae-reciation2 A%ortisations H
(rovisions
2#0
0!2F22
#*2,!3
,,2*#,
#232#2!! !22!,223
Less C E'-enses Ca-italiDed 222 "
TOTAL #232#23F 222#!20F*
TTTTTTTT TTTTTTTT
PROFIT BEFORE TAXATION
Less C (rovision &or Ta'ation $Net)
(rovision &or &ringe .ene&it ta'
#/2!
"
#2
F2F0
#0
"
PROFIT FOR THE YEAR #32! F2F2
Add C Trans&er &ro% 8eneral =eserve " 333200#
#32! 322#F#
Less C Loss .rought &orward &ro%
-revious year $!0/20,) $#F023*#)
B-l-&ce "# L")) c-rrie' t" B-l-&ce
)$eet
$!2#2!,) $!0/20,)
TTTTTTTT TTTTTTTT
Earning -er $&ace value =s+3L" -er share)
>asic
Ailuted
$3+3)
$+,/)
$+2)
$+2)
NOTES ON ACCO?NTS N
>ALANCE S4EET A>ST=ACT H
COM(ANY9S 8ENE=AL >?SINESS
(=OFILE
O
ANN?AL =E(O=T 20"2*
>ALANCE S4EET AS AT !3
ST
MA=C4 2*
$=s+ in la7hs)
Schedule As At !3
st
March 2* As At !3
st
March 20
SOURCES OF FUNDS
SHARE HOLDERS FUNDS
a) Ca-ital
.) Share a--lication %oney
(ending allot%ent
c) =eserves H Sur-lus
A
>
#!220FF
02
0*/2/#3
#!220FF
"
0*/2/#3
3230F222, 323F222,
LOAN FUNDS
a) Secured Loans
.) ?nsecured Loans
C
A
2##22,#
*22#,
3*02*!
3*2/3
!302!#! 3,!2/*#
TOTAL 32#F#2/*2 32!32F!
TTTTTTT TTTTTTTT
APPLICATION OF FUNDS
FIXED ASSETS
BABASAB PATIL
F#
ANALYSIS OF FINANCIAL STATEMENT
a) 8ross >loc7
.) LessC Ae-reciation
c) Net >loc7
d) Ca-ital wor7 in -rogress $at Cost)
E !0#2,0
2#,2//
/02!F!
33/2F/3
!F2/0/
2032030
/02!F!
33F2,#,
Less C (rovision &or di%inution in value #02/0
32!2* /!2!2*
32023*F 3*222*0
INVESTMENTS F /F#2*/2 020F
CURRENT ASSETS3 LOANS +
ADVANCES
a) Inventories
.) Sundry Ae.tors
c) Cash H >an7 >alance
d) Loans H Advances
8 22,2*2*
32!*F2,2!
#3!200F
!F*2!2,
23*2,03
323202!,
3!,2#!#
2/!2,0F
22#,20#* 32*!*2*/!
LESS < CURRENT LIABILITIES +
PROVISIONS
a) Current Lia.ility
.) (rovisions
4 32*0!2*00
#32#!#
32///22/*
2322/
32F/22 32/*02/*
NET CURRENT ASSETS 0#2##* 30322#0
MISCELLANEOUS EXPENDITURE
TO THE EXTENT NOT 5RITTEN
OFF
I 3,2*/3 #!2F2!
PROFIT + LOSS ACCOUNT 3#,2### !2#2!,
TOTAL 32#F#2/*2 32!32F!
TTTTTTT TTTTTTTT
NOTES ON ACCO?NTS N
>ALANCE A>ST=ACT H COM(ANY9S O
8ENE=AL >?SINESS (=OFILE
(=OFIT H LOSS ACCO?NT FO= T4E YEA= ENAEA !3
ST
MA=C4
2*
$=s+ in la7hs)
Schedule Current Year (revious Year
INCOME
Sales
Less C E'cise Auty
Other Inco%e
(ro&it on sale o& long ter% invest%ent
(ro&it on sale o& &i'ed assets
@
023F02*33
2*22*/# /2,3!2,/*
2#22**
"
03/
#22F3232*
3#2FF3 #23#22#0
3,2*3*
22,,2
02#/!
TOTAL /2,!F2F#, #230,2#F
TTTTTTTT TTTTTTTT
EXPENDITURE
Consu%-tion o& raw %aterial2
Stores2 S-ares &or H Co%-onents
and -urchasing &or trading+
O-erating and other e'-enses
=estructing e'-enses
Interest H Finance Charges
On &i'ed loans
On other accounts
6
L
222!!!
332/0*
/2!,2!!*
2FF2,
"
3!2,/*
#2*#
32,*2!/
2302F,,
BABASAB PATIL
F/
ANALYSIS OF FINANCIAL STATEMENT
!!2, 3F2!3
Loss on Sale o& Fi'ed Assets
Ae-reciation2 A%ortiDations H (rovisions
"
32!2!2
2#0
0!2F22
/2*//2#!, #232#2!!
Less C E'-enses Ca-italiDed 2! 222
TOTAL /2*//22, #232#23F
TTTTTTTT TTTTTTTT
PROFIT BEFORE TAX +
EXTRAORDINARY ITEMS
AddC E'traordinary Inco%e B re%ission o&
Lia.ility
3F!20#
*2F0
#/2!
"
PROFIT BEFORE TAXATION 3,32##0 #/2!
Less C (rovision &or current ta' 32 "
(rovision &or &ringe .ene&it ta' 02/ #2
PROFIT FOR THE YEAR AFTER TAX 3*#2,#0 #32!
Less C Loss .rought &orward &ro% -revious
year
$!2#2!,) $!0/20,)
BALANCE OF LOSS CARRIED TO
BALANCE SHEET
$3#,2###) $!2#2!,)
TTTTTTTT TTTTTTTT
EA=NIN8 (E= S4A=E
$&ace value =s+3L" -er share)
>e&ore considering e'traordinary ite%s+
>asic
Ailuted
/+!
#+*!
3+3
+,/
A&ter considering e'traordinary ite%s+
>asic
Ailuted
/+2F
#+,0
3+3
+,/
NOTES ON ACCO?NTS N
>ALANCE S4EET A>ST=ACT H
COM(ANY9S 8ENE=AL >?SINESS
(=OFILE
O
ANN?AL =E(O=T 2*"2F
>ALANCE S4EET AS AT !3
ST
MA=C4 2F
$=s+ in la7hs)
Schedule As At !3
st
March 2F As At !3
st
March 2*
SOURCES OF FUNDS
SHARE HOLDERS FUNDS
a) Ca-ital
.) Share a--lication %oney -ending
Allot%ent
c) =eserves H Sur-lus
A
>
#!220FF
"
*,,2F3F
#!220FF
02
0*/2/#3
322/22/0 3230F222,
LOAN FUNDS
a) Secured Loans
.) ?nsecured Loans
C
A
!!22!,!
3F2*/,
2##22,#
*22#,
##323/2 !302!#!
TOTAL 320,!20/F 32#F#2/*2
TTTTTTT TTTTTTTT
BABASAB PATIL
F0
ANALYSIS OF FINANCIAL STATEMENT
APPLICATION OF FUNDS
FIXED ASSETS
a) 8ross >loc7
.) Less C Ae-reciation
c) Net >loc7
d) Ca-ital wor7 in -rogress
E
F
!F020F
2/!2#!2
3!!23*3
!2*#/
!F#2,0
2#,2//
33/2F/3
32!2*
30!2,30 32023*F
INVESTMENTS 8 /F#2*/2 /F#2*/2
CURRENT ASSETS3 LOANS +
ADVANCES
a) Inventories
.) Sundry Ae.tors
c) Cash H >an7 >alance
d) Loans H Advances
4 #//2F0#
32/,F202/
/2#2*#,
/F2/!*
22,2*2*
32!/!2#!F
#3!200F
!F*2!2,
!23/,2**/ 22!F#2302
LESS < CURRENT LIABILITIES +
PROVISIONS
a) Current Lia.ility
.) (rovisions
I 223!32#/#
F!2!!3
32*!/2F32
#!2,F
2223#2*F/ 32**,2*3/
NET CURRENT ASSETS ,##2,, 0#2##*
MISCELLANEOUS EXPENDITURE
TO THE EXTENT NOT 5RITTEN
OFF
I " 3,2*/3
PROFIT + LOSS ACCOUNT " 3#,2###
TOTAL 320F!20/F 32#F#2/*2
TTTTTTT TTTTTTTT
NOTES ON ACCO?NTS N
>ALANCE A>ST=ACT H COM(ANY9S O
8ENE=AL >?SINESS (=OFILE
(=OFIT H LOSS ACCO?NT FO= T4E YEA= ENAEA !3
ST
MA=C4
2F
$=s+ in la7hs)
Schedule Current Year (revious Year
INCOME
Sales
Less C E'cise Auty
Other Inco%e
(ro&it on sale o& &i'ed assets $net)
@
6
*20#,2,23
!*2230! *22**2*0F
/*2#3!
230
023F02*33
2*22*/# /2,3!2,/*
2#22**
03/
TOTAL *2!!*2F,, /2,!F2F#,
TTTTTTTT TTTTTTTT
EXPENDITURE
Consu%-tion o& raw %aterial2
Stores2 S-ares &or H Co%-onents
and -urchasing &or trading+
O-erating and other e'-enses
Interest H Finance Charges
On &i'ed loans
On other accounts
L
M
2!22#
3/2330
020/2*0!
!*22*,0
222!!!
332/0*
/2!,2!!*
2!F2,
BABASAB PATIL
F*
ANALYSIS OF FINANCIAL STATEMENT
!F2!/0 !!2,
Ae-reciation2 A%ortiDations H (rovisions #*2,F# 32!2!2
*20#2F,, /2*//2#!
Less C E'-enses Ca-italiDed 2F3 2!
TOTAL *20#203F /2*//22,
TTTTTTTT TTTTTTTT
PROFIT BEFORE TAX +
EXTRAORDINARY ITEMS
AddC E'traordinary Inco%e B re%ission o&
Lia.ility
2*22*F3
"
3F!20#
*2F0
PROFIT BEFORE TAX EXPENSES
Less C (rovision &or Current Ta' $Net)
(rovision &or &ringe .ene&it ta'
2*22*F3
!32#
/2
3,32##0
32
02/
PROFIT AFTER TAX EXPENSES 2!02*#3 3*#2,#0
Less C Loss .rought &orward &ro%
-revious year 3#,2### !2#2!,
Add C E'-enditure on e%-loyee .ene&its u-to
!3
st
March 2* in ter%s o& transitional
-rovisions o& AS 3/ $revised)
!22 "
3/22#0# !2#2F,
B-l-&ce )$eet "# >r"#it % DL"))E c-rrie' t"
B-l-&ce )$eet F#22** $3#,2###)
TTTTTTTT TTTTTTTT
Earning -er $&ace value =s+3L" -er share)
>e&ore considering e'traordinary ite%s
>asic
Ailuted
0+,2
0+,2
/+!
#+*!
A&ter considering e'traordinary ite%s
>asic
Ailuted
0+,2
0+,2
/+2F
#+,0
NOTES ON ACCO?NTS O
>ALANCE S4EET A>ST=ACT H
COM(ANY9S 8ENE=AL >?SINESS
(=OFILE
(
BIBLIOGRAPHY<
• M+Y+64AN2 (+6+@AIN $3,F3)2 Financial Manage%ent2 and cost accounting $third
edition) New AelhiC Mc8raw"4ill (u.lishing Co%-any Ltd+
• I+M+(ANAEY2 Financial Manage%ent New Aelhi Mi7as (u.lishing 4ouse (rivate
Ltd"ninth addition 2#+
• Annual re-orts o& the 6irlos7ar Electric (vt Ltd+
BABASAB PATIL
FF
ANALYSIS OF FINANCIAL STATEMENT
• E"%ail www+7irlos7arVelectri+co%
www+google+co%
BABASAB PATIL
F,
doc_702107794.doc
EXECUTIVE SUMMARY
INDUSTRY PROFILE
The healthy growth in the industrial sector achieved during 2!"# has continued during
the current year as well with overall industrial growth $%easured in ter%s o& the inde' o&
Industrial (roduction) growing at a rate o& *+, -ercent during the A-ril" Se-te%.er 2#"
/ co%-ared with 0+2 -ercent achieved during the sa%e last year+
The e'isting installed ca-acity in the industry is o& the order o& #/ M1
ther%al2 3!#/ M1 o& 4ydro and a.out 2/ M1 o& gas .ased -ower generation e5ui-%ent
-er annu% and %anu&acturing units de-ending u-on the needs and their ca-acity are
aug%enting the ca-acity+
COMPANY PROFILE
THE KIRLOSKAR GROUP
A signi&icant event in history o& Indian industry was the rise o& the 6irlos7ar
8rou- o& co%-anies to a %ulti.illion conglo%erate+ The &ounder Mr+ La'%anrao
6irlos7ar strongly .elieved that a co%-any9s -rogress was deter%ined .y the integration
o& %an and his intellect with technological growth and environ%ent+
The &irst 7irlos7ar -roduct2 :iron -lough;2 was an innovation &ar ahead o&
its ti%e a -roduct designed wholly with the custo%er in %ind+ it ulti%ately .eca%e an
instru%ent o& wealth &or an entire society+
4is words .reathe the s-irit with the 6irlos7ar industrial alance sheet
? (ro&it and loss account
? Annual re-orts
BABASAB PATIL
2
ANALYSIS OF FINANCIAL STATEMENT
INTRODUCTION OF THE STUDY
The accounting -rocess .egins with the recording o& transactions in the .oo7s o&
-ri%ary entry+ The accounting in&or%ation resulting &ro% the transactions so recorded
gets -osted in to various accounting heads in the ledger+ In the ledger each account is
.alanced at the end o& an accounting -eriod and a su%%ary o& all .alances in the various
accounting heads &ro% the ledger is -re-ared which is 7nown as trial .alance &ro% such
trial .alances and a&ter e&&ecting certain adangalore Trans&or%ers+
?nit B 0 (une Auto%ation electric e5ui-%ents2 s%all range
induction %otors and alternators u- to / 4(+
?nit B * Tu%7ur Sta%-ings2 Aie cast rotorsL .odies and coils+
?nit B F (une Cast resin2 trans&or%ers2 and oil &illed
trans&or%ers+
ORGANISATION SET UP OF KEC
BABASAB PATIL
3#
ANALYSIS OF FINANCIAL STATEMENT
>oard o& Airectors %anages 6EC ?nit II+ Mr+ Mi+@OS4I $S4O( III)2
" A+S+1OAEYA= $S4O( III)2
FINANCE " 6+S4=IA4A=
MA=6ETIN8 " M+=AM(=ASAA
ENGINEERING - D.A.DESAI
MMD - ASHOK KADAKOLI
MED & MSD - S.V.PUROHIT
CEN.PLANNING - A.B.JOSHI
BABASAB PATIL
3,
ANALYSIS OF FINANCIAL STATEMENT
ORGANISATION STRUCTURE OF KEC UNIT II
BABASAB PATIL
2
ANALYSIS OF FINANCIAL STATEMENT
HUBLI
MANPO5ER IN KEC UNIT4II
H(/-& Re)"(rce T"t-l Me/6er)
Aaily rated e%-loyees $A=E9s) Fro% grade
3 to F
#!2
Monthly rated e%-loyees $M=E9s) Fro%
grade 3 to *
#/
BABASAB PATIL
Chie& E'ecutive
Ae-uty 8eneral Manager
(roduction
Ae-art%ent
$Senior
Manager)
Finance
Ae-art%ent
$Senior
Manager)
Central
(lanning
$Assistant
Manager)
Stores
$esides these -er%anent e%-loyees2 around F3 trainees are recruited and contract La.our
are hired only &or so%e s-eci&ic -ur-oses and in never e%-loyed in -roduction or &eeder
sho-s+
O&&icer9s cadre is divided into 2 categories+
3+ @unior o&&icers &ro% the grade &ro% / to *
• @unior o&&icer 3C 8rade /
• @unior o&&icer 2C 8rade 0
• @unior o&&icer !C 8rade *
2+ Senior o&&icers &ro% the grade &ro% F to ,
O&&icerC 8rade F
Senior O&&icerC 8rade ,
The %anager cadre is classi&ied as &ollows &ro% grade 3 to 30
Assistant Manager " 8rade 3
Ae-uty Manager " 8rade 33
Manager " 8rade 32
Ae-uty Senior Manager " 8rade 3!
Senior %anager " 8rade 3#
Ae-uty 8eneral Manager " 8rade 3/
8eneral Manager " 8rade 30
PRODUCT PROFILE
BABASAB PATIL
22
ANALYSIS OF FINANCIAL STATEMENT
AC Ge&er-t"r AC /"t"r
N
DC M"t"r Tr-cti"& E=(i>/e&t
1e design and %anu&acture our -roducts according to the standards o& C
• ISO $International OrganiDation &or StandardiDation)
• IEC $International Electro technical Co%%ission)
• >IS $>ureau o& Indian Standards)
• >SI $>ritish Standards Institution)
• @EM$@a-an Electrical Manu&actures Association)
PERSONNEL DEPARTMENT
6+E+C2 co%-any recogniDes its e%-loyees as its %ost i%-ortant asset &or its continued
growth+ 4u%an resources %anage%ent in 6irlos7ar Electric Co%-any shall striver to
ensure continuous organiDational growth .y nurturing the strengths o& its e%-loyees and
-roviding the environ%ent and o--ortunity &or every individual to rise to hisLher highest
-otential2 identity and achieve hisLher -ersonal goal within the &ra%ewor7 o&
BABASAB PATIL
2!
ANALYSIS OF FINANCIAL STATEMENT
organiDational2 social and natural o.-rt/e&tC
I%-le%entation and %aintenance o& various &unctions is the res-onsi.ilities o& the 4ead
o& Ae-art%ent $4OA) with a--ro-riate duties assigned to section in charges $SIC) and
sta&&+
F(&cti"&)<
The Main &unctions o& (ersonnel Ae-art%ent areC
4OA"(E=SONAL ANA INA?ST=IAL =ELATIONSC
• To ensure that har%onious relations e'ists .etween wor7ers and %anage%ent
• To ensure sa&e wor7ing conditions and to -rovide sa&ety e5ui-%ents+
• To Co"ordinate security and vigilance activities
• Man-ower -lanning accounta.ility+
BABASAB PATIL
2#
ANALYSIS OF FINANCIAL STATEMENT
ORGANISATION CHART OF PERSONNEL DEPARTMENT
BABASAB PATIL
HOD
SIC
T=AININ8
IN C4A=8E
CANTEEN
AE(A=TME
NT
ASSISTANT
SEC?=ITY
OFFICE=
1ELFA=E
OFFICE=
INA+=EL
OFFICE=
AM>?LANC
E =OOM
TIME
OFFICE I+C
2/
ANALYSIS OF FINANCIAL STATEMENT
MARKETING DEPARTMENT
Success o& any -roduct totally de-ends on 4O it is %ar7ed and -ositioned din the
%ar7et+ Mar7eting de-art%ent is on o& the i%-ortant &unctional divisions o& 6EC ?NIT"
II2 which is .asically2 identi&ies and %eets the needs o& custo%ers -ro&ita.ly+ The -eo-le
in the %ar7eting de-art%ent are res-onsi.le &or the growth o& a .usiness concern .ecause
they co%e in direct contact with the custo%ers who now are considered as 6ing o& the
%ar7et as it is a .uyers %ar7et and no %ore a sellers %ar7et+
As %ar7eting de-art%ents .asic -rinci-le is to ta7e care o& the custo%ers to
achieve way they have divided their de-art%ent in to there sections such as C
? Mar7eting
? Custo%er Service
? Co%%unication
Mar7eting is &urther having its su.grou-s i+e+ technical grou-2 which does the ased on the a%ount re5uired the
de-art%ent .ased on the de%and contacts the %aterials %anage%ent de-art%ent issued
%aterials on the a%ount re5uired the -roduction scheduling2 routing and the li7e has to .e
carried out+
6+E+C ?NIT"II is -lanning turnover is 3 crores &or last year achieved to the F#
crore+ This -lanning &or turnover is 33 crores+
AC4Ge&er-t"r M-r*eti&.ut so%e ti%es the credit is issued
to a -articular custo%er de-ending on the volu%e o& the -urchase2 the ty-e o& a custo%er
6+E+C ?NIT"II has a credit -olicy e'tending to a %a'i%u% o& ! days+
O6?ecti@e)<
The o."&)i6ilit
? To %aintain and direct the organiDation2 which is ade5uate to -er&or% %aterial
%anage%ent &unctions+
? To de&ine the duties and res-onsi.ilities o& MMA and to ensure that they carried
out e&&ectively+
? To -lan &or realistic -urchase .udget+
? To %anage o.solete sur-lus and scra- %aterial+
SIC2S<
? To -lan the %aterial re5uire%ent
? To order %aterial and on a--roved su--liers and su--ly in the 5uantity necessary
to satis&y %ar7eting re5uire%ent+
BABASAB PATIL
!
ANALYSIS OF FINANCIAL STATEMENT
?
? To %onitor the %aterial reci-ient as -er delivery schedule indicated in -urchase
order and co"coordinating with su--lier+
? To %onitor the %aterial release &or -roduction in accordance with S=(LSC(LCC(+
FIC2S
? To -lan the %aterials re5uire%ent+
? To order %aterial and on a--roved su--lied and su--ly in the 5uantity necessary
to satis&y %ar7eting re5uire%ent+
? To %onitor the %aterial release &or -roduction in accordance with S=(LSC(LCC(
? To &ollow with su--lier &or su--lier &or su--lying2 re5uired %aterial at re5uired
ti%e o& %anu&acturing+
? To 7ee- the %anu&acturing division and other &unctional divisions other than the
%anu&acturing in&or%ed o& related activities to &acilitate overall coordination
related activities include in&or%ation regarding %aterial availa.ility su--lier
training -rogra%s reasoning &or user training &or su--lier -roducts etc+
? To deter%ine the need o& stoc7 re-lace%ent through use o& daily %aterial recei-t
-er-etual inventory+
? To %onitor and reconcile %aterials issued to su--liers+
BABASAB PATIL
!3
ANALYSIS OF FINANCIAL STATEMENT
ORGANIZATION CHART OF MMD
BABASAB PATIL
CEO 4OA
MMA
ACM
S!
SIC
S4O(!
OFFICE
ASSISTANT
SIC S4O( M
AC8
FIC
EOEC?TIME
S4O(S
!2
ANALYSIS OF FINANCIAL STATEMENT
FINANCE DEPARTMENT
Finance de-art%ent is the .lood o& any .usiness organiDation to survive+ Any
organiDation handica--ed .y &inance will never co%-lete an ulti%ately results in &ailure
and a .urden to econo%y+ Finance de-art%ent is concerned with -lanning and controlling
o& co%-any &inancial resources+
The co%-any -olicy is &or%ulated and credit worthiness o& the custo%er is evaluated
audits such as cash audit2 internal audit2 cost audit is done -er %onth+ In the &inance
de-art%ent o& 6EC ?NIT"II2 there are 20 sta&& %e%.ers contri.uting towards the
e&&ective &unctioning o& the de-art%ent+
ORGANISATIONAL HIERARCHY OF FINANCE DEPARTMENT
BABASAB PATIL
CO=(O=ATE FINANCE
C4IEF EOEC?TIME
8=AAE F ANA A>OME
M+=+E9s u- to 8=AAE *
!!
ANALYSIS OF FINANCIAL STATEMENT
6EC ?NIT"II2 is characteriDed .y the &act that all the colla.oration are sent to cor-orate
o&&ice at >angalore and the e'-enditure o& the -articular day are sent to the unit as -er the
re5uire%ent o& the units+
FUNCTIONSan7ers etc+
BANKERS OF K,E,C UNIT4II
6+E+C ?NIT"II has the &ollowing >an7ersC
3+ >an7 o& >aroda
2+ >an7 o& India
!+ Canara >an7
#+ 4ong 6ong >an7
/+ State >an7 o& India
0+ State >an7 o& Mysore+
BABASAB PATIL
!#
ANALYSIS OF FINANCIAL STATEMENT
Fi&-&ci-l I&)tit(ti"&)<
Following are the &inancial Institutions o& 6+E+C ?NIT"IIC
3+ Industrial Credit H Invest%ent Cor-oration o& India $ICICI)
2+ Industrial Aevelo-%ent >an7 o& India $IA>I)
!+ ?nit Trust o& India $?TI)
6+E+C ?NIT"II -roduction -er %onth is worth 3 crores+ >ut now it atte%-ting to
rise to =s 33 to 33+/ crores2 the raw %aterials is steel and co--er+ These are
-rocured &ro% steel Authority o& India Ltd+2 and 4industan Co--er Ltd+ 3J o& the
total turnover is used &or wel&are e'-enses and 0J o& total turnover is
used &or salary or e'-enditure+
On an average the 6EC ?nit"II is -aying =s+3/ la7hs as e'cise dutyL%onth2 0J o&
total turnover is given as salary and 3J o& the total turnover is s-ent on wel&are activities+
The %ethod o& de-reciation &ollowed is straight"line %ethod+ The co%-any has ado-ted
FIFO %ethod &or costing+
Li)ti&. "& St"c* eAc$-&.e)<
• >angalore Stoc7 E'change Ltd+2 $6I=ELEC==I)
• Madras Stoc7 E'change Ltd+$6=L)
BABASAB PATIL
!/
ANALYSIS OF FINANCIAL STATEMENT
ENGINEERING DEPARTMENT
1(-lit P"lic "# E&.i&eeri&.<
The 5uality -olicy o& 6+E+C ?NIT"II shall .e continuously i%-roving the 5uality
%anage%ent syste% in design2 %anu&acture2 %ar7et and service at co%-etitive -rices+
(roduct o& such 5uality2 resulting in custo%er satis&action2 5uality2 re-utation and %ar7et
leadershi-2 The role o& engineering de-art%ent is to design and develo- -roducts and
co%-onents ta7ing into consideration the cost2 -roduct a.ility2 usa.ility2 and %aintenance
o& the -roduct+
Sc">eC
A--lica.le to 5uality o. ASSEM>LYC
=otor is the static -art in the ACM9s and dyna%ic that is %oving in the AC89s+
The rotor goes through the &ollowing -rocess+
3) Sin7ingC
The roots are treated in the solution &or convenience o& inserting the sha&t so that
they e'-and and %a7e it easy &or insertion o& the sha&t+
2) TurningC
The correct turning and %ade according to the s-eci&ication+
!) Fan Sho- ArillingC
This is the -rocess where in the &an is to .e &i'ed and &or this -ur-ose drilling is
done and then loc7s are &i'ed &or sa&ety+
#) >alancingC
This ste- involves .alancing the rotor -ro-erly+
BABASAB PATIL
!F
ANALYSIS OF FINANCIAL STATEMENT
1INAIN8C
1inding is the %ost i%-ortant &unctional -art o& the %achine+ It has to .e done
%anually and -recisely+ This is the only -rocess2 which is totally %anual+ The %otor is
wound with correct rating wires+
SHOP II
Sho- II is die cast sho-+ 4ere in this sho- only die"casting is done+ That is the
sha-es o& .ody and na%e-lates &inal sha-e+ The sho- II has two %achines2 one &or
na%e-late -ressing and another &or .ody+
It houses the router section2 here sta%-ings are received and die casting o& the
%etal sta%-ing is carried in a &urnace heated at 0*/ degrees Celsius *// degree Celsius
=OTO= SECTIONC
4ere -rocessing o& rotor su. asse%.ling &or 64 0! to 3F &ra%es2 SA *3 &lange
%achine is underta7en+
AIE"CASTIN8 SECTIONC
4ere die"casting &or %otor &or 0! to 22/ &ra%e %otors and die"casting o& .odies2
&langes2 covers2 and ter%inal .o'es &ro% 64 0! to 3 &ra%es+
SHOP4III
This sho- can .e called as asse%.ly sho- .ecause the -roducts here will get u-to
,J only2 &inal &inishing will .e at this stage+
The asse%.ling o& %otors o& the &ra%e siDe %otors are asse%.led in this sho- in
three di&&erent asse%.ly lines na%elyC
• The non"standard line &or custo% %ode and is o-erated %anually+
• The standard line &or this standard %otor is also called verticals asse%.ly line
where the %otors are asse%.led %echanically .y various stations in the %achines
ac5uired &or the s-eci&ic -ur-oses+
BABASAB PATIL
!,
ANALYSIS OF FINANCIAL STATEMENT
• The e'-ort line is where the %otors have to .e e'-orted asse%.led with due care
and is done %anually+ A&ter asse%.ling the %otors they are sent to the -ainting
section2 which is housed in the sa%e sho-+
SHOP IV<
It wor7s as research and develo-%ent center &or the co%-any+ It 7ee-s its eye on
the changes that are ta7ing -lace in the electrical world and tries to ado-t those
changes in their %anu&acturing -rocess+ So it acts as research and develo-%ent in the
co%-any+
SHOP V<
4ere asse%.ling o& %ediu% and large %otors generators and M8?9s under
se-arate .ays li7e ACM .ay2 AC8 .ay and M8?? .ay+
(roduct =ating
A+C Motors Fra%e 2 to 22/ 3/ 61 to */ 6 1
A+C 8enerator Fra%e and
3F H 2/
AS"AL"CMA 2+/6MA to ,6MA
MotoriDed gear units , to 22/ +*/ 61 to 22 61
(ainting and testing is also done here+
SHOP VI <
In this section2 co%-onents used in the %otors are -re treated and -ainted+
6+E+C ?NIT"II has to its credit the -ioneering o& the latest technology called
:?ni.a7e; syste%+ Earlier this syste% was a--lied to all the -roducts .ut recently it has
.een restricted only &or e'-ort orders+ The do%estic -roducts are -ainted in conventional
%anner+
BABASAB PATIL
#
ANALYSIS OF FINANCIAL STATEMENT
ORGANISATION CHART OF FEEDER SHOPS
6+E+C has its cor-orate and %ar7eting o&&ice at >angalore+ National O&&ices are divided
into # Dones+
3+ North Pone C Aelhi2 Ludhiana2 and @ai-ur
2+ East Pone C 6ol7atta2 @a%shed-ur2 8uwahati2 >hu.aneshwar and =anchi+
!+ 1est Pone C Mu%.ai2 Nag-ur2 (une2 Ah%eda.ad2 Surat and Indore+
#+ South Pone C Chennai2 Coi%.atore2 Cochin2 4ydera.ad2 >angalore2 >elgau%2
(ondichery
BABASAB PATIL
CEO
4OA
(roduction
SIC B FEEAE= S4O(S
FIC2 T
=OOM
ANA T
C=I>
FIC2 Sha&t
>ody
FIC AIE
CASTIN8
FIC
S4O(0
#3
ANALYSIS OF FINANCIAL STATEMENT
1UALITY ASSURANCE
Kuality is the &itness to end"use2 it is all -ersuasive+ In this %odern and
co%-etitive world each and every co%-any is trying hard to introduce to 5uality and
every de&ect &ree -roduct 6+E+C has a &ull &ledge 5uality assurance de-art%ent headed .y
highly 5uali&ied -ro&essionals co%%itted to develo-ing -roducts that 7ee- -hase with the
changing desires and needs o& the consu%ers+ Kuality -lays i%-ortant role in 6+E+C
?NIT"II .ecause its -roducts are used &or industrial custo%er a--lications+ 4ence it %ust
satis&y and co%e u-to the custo%er e'-ectations+
O6?ecti@e<
The role o& KA division is to assist all &unctional division in achieving and
%aintaining level o& s-eci&ied 5uality re5uire%ent econo%ically+
This unit .eing ISO",32 certi&ied unit2 has to &ollow the stringent 5uality
s-eci&ication+ This de-art%ent &acilitates the total 5uality %anage%ent $TKM) in all the
de-art%ents2 .y ado-ting -rocess controls at all stages+
The 5uality assurance de-art%ent &ollows a de&inite set o& syste%s and
-rocedures2 which are incor-orated in the %anuals+ The %anuals are dra&ted to the lines
o& the standards as s-eci&ied .y the ISO", series o& clause &or 5uality docu%entation+
F(&cti"&)<
The &unctional res-onsi.ilities o& di&&erent sections o& KA divisions are as &ollowsC
• =eleasing o& acce-ted -roducts &or &urther -rocess+
• Evaluating 5uality rating o& su--liers+
• 8eneration o& NC re-orts &or analysisL review and initiating corrective action and
-reventive action+
• Kuality in&or%ation and re-orting+
• Maintaining docu%ents and records as -er -rocedures+
BABASAB PATIL
#2
ANALYSIS OF FINANCIAL STATEMENT
FEEDER SHOPS 1A<
Feeder sho-s KA is res-onsi.le &orC
• Ins-ectionL Testing o& -arts2 su. asse%.ly as -er a--ro-riate 5uality -lanL
docu%ents -roceduresL ins-ection -lans other docu%ents+
• Ensuring -ro-er identi&ication and ins-ection status+
• ?-dating2 revising ins-ection -lans -rocedure as and when &ound necessary+
• 8eneration o& Non"con&or%ance re-orts &or analysis2 revive and collective action2
-reventive action+
• Ensuring that cali.rated instru%ents are used &or %easure%ents and coordinating
with cali.ration section &or -eriodic cali.ration+
FINAL INSPECTION AND TESTING
Conduction routingL ty-eL engineering tests on -roducts to s-eci&ied re5uire%ents as -er
docu%ented -roceduresC
• Maintaining test records and -roviding test certi&icates+
• Ensuring tested -roducts and con&or%ing to s-eci&ied re5uire%ents and co%-lete
in all res-ects+
• (roviding ins-ectionL tests stating &or con&ir%ing -roducts+
• (roviding engineering test results &or design %odi&ication where necessary+
• Assisting in custo%er ins-ection+
1UALITY LABORATORY<
• (eriodic cali.ration o& instru%ents as -er docu%ented -rocess+
• Arranging &or re-airL recti&icationL dis-osal o& %easuring instru%ents+
• (lanning &or new instru%entsL organiDing cali.ration &unction &ro% e'ternal
agencies+
• Maintaining docu%entsL records as -er -rocedures+
BABASAB PATIL
#!
ANALYSIS OF FINANCIAL STATEMENT
1UALITY SYSTEMS<
• Maintaining 5uality syste%s as -er ISO ,3"2
• Assisting 4OA KA &or conduction 5uality related training -rogra%s+
•
• Analysis and re-orting o& custo%er co%-laints internal non"con&or%ance
re-orts+
• Conducting syste%s audits2 %onitoring corrective actions2 -reventive actions+
• I%-le%enting o& corrective actions and -reventive actions+
ORGANIZATION CHART OF 1UALITY ASSURANCE
B
BABASAB PATIL
##
SIC"KA IMI *
Feeder Sho-
KA $Sho- 3H2)
SIC Final
Ins-ection H
Testing Sho-/ *
KA La.
SIC"Final
Ins-ection Sho- !
FIC"KS
CEO
4OA K+A
ANALYSIS OF FINANCIAL STATEMENT
PROCESS FLO5 CHART
c(((
BABASAB PATIL
FIC"Final
Ins-ection
H Testing
Sho- !
FIC BFinal
ins-ection H
Testing H
Custo%er
Ins-ection Sho-/
FIC
Custo%er
Ins-ection
FIC
1inding
Ins-ection
FIC"KA La.
FIC"1inding
Ins-ection
#/
FIC"KA IMI
FIC Sho- 3
H 2 KA
FIC"Sho- 0
KA
Custo%er
"=e5uire%ents
ANALYSIS OF FINANCIAL STATEMENT
COMPUTER DIVISION
1e are into technology revolution where -rocess and %anual )<
=egular .ac7u- is ensured de-art%ent wise as -er the -rocedure de&ined+
• D"c(/e&t C"&tr"l<
=ecords &iles are u-dated and %aintained in the docu%ent control register+
GENERAL FUNCTIONSC
BABASAB PATIL
#*
ANALYSIS OF FINANCIAL STATEMENT
Co%-uter de-art%ent wor7s as a su--orting device &or all de-art%ent and all the
&unctional activities li7e -ayroll -re-aration and accounts receiva.les %anage%ent is
done with the hel- o& co%-uter de-art%ent+ In -roduction &ield2 it will hel- in -lanning2
invest%ent %anage%ent etc+ The co%-any also has CMAN and E=( -rocedure to
strengthen their -roduction activities+
ORGANIZATION OF COMPUTER DEPARTMENT
CENTRAL PLANNING
O6?ecti@e<
BABASAB PATIL
#F
FIC"
4ardwareLElectrical
Maintenance
FIC"
So&tware
Aevelo-%entLMaintenanc
e
SIC"So&tware
Aevelo-%entL=evalidation
Maintenance
SIC"So&tware
Aevlo-%entL%odi&icationL4
eardwareL>ac7u-
4OA CA
CEO
ANALYSIS OF FINANCIAL STATEMENT
To descri.e the 5uality %anage%ent syste% -rocess H -rocedures &ollowed in
-roduction de-art%ent+
Sc">e<
• A--lica.le to Central (lanning Ae-art%ent+
• To de%onstrate -roduct %anu&actured %eets re5uire%ents .y &ollowing
a--lica.le -rocess+
• For e&&ective a--lication2 i%-le%entation2 continued i%-rove%ent in the di&&erent
areas o& wor7+
A>>r"-c$<
Activities in the de-art%ent are carried out with re5uired resources+ =esources
include >uilding2 (ersonnel2 Manu&acturing e5ui-%ents2 Test e5ui-%ent etc+ the
availa.le resources are %anaged to %a7e 5uality -roducts+ The de-art%ent2 OrganiDation2
(rocess H Other activities &ollowed &or KMS re5uire%ents is given+
F(&cti"&)<
• =elease o& %aterial against S=LSC( to all de-art%ents+
• (lan on .asis o& %aterial availa.ility+
• Su."contract is given+
• =e"-lanning o& %aterial against the non"con&or%ance+
• Maintain o& -roduct identi&ication and tracta.ility+
• Corrective action+
• Maintain 5uality records+
ORGANISATION CHART OF CENTRAL PLANNING
BABASAB PATIL
#,
ANALYSIS OF FINANCIAL STATEMENT
MANUFACTURING ENGINEERING DEPARTMENT
DMEDE
BABASAB PATIL
CEO
4OA C(
SIC"(lanning SIC"co%-onent
%anu&acturingLsu.
contract FIC
FIC"
Asse%.ly
-lanning
FIC"Aie"
castingH =otor
su." asse%.ly
F?C"Su.
contract
FIC"
=ecords
/
ANALYSIS OF FINANCIAL STATEMENT
F(&cti"&)<
• (re-aration general asse%.ly drawings o& ret-ti"&riet-r
R-ti"DLE
,:I ,:F ,8; ,8F
BABASAB PATIL
0,
ANALYSIS OF FINANCIAL STATEMENT
SOURCE< ANN?AL =E(O=TS OF COM(ANY
I&ter>ret-ti"&< The e5uity ratio is high in 2#"/ i+e+ 2FJ+ It indicates that a high
-ro-rietary ratio relatively little danger to the creditors and it is .etter &or long"ter%
solvency -osition o& the co%-any+ >ut it has .een decreased to 3!J and 3*J in the year
20"* and 2*"F res-ectively+ A ratio .elow /J is dangerous to the creditors at the
ti%e o& winding u- o& a co%-any+
GE E1UITY RATIO<
E5uity =atio is calculated .y dividing ca-ital e%-loyed $CE) .y Net worth
$N1)
F"r/(l-<
E5uity =atioT Ca-ital e%-loyed $CE)LNet worth
T-6le4I $A/"(&t i& l-*$)E
Ye-r :77G479 :77947H :77H47; :77;47I
C->it-l
e/>l"e'
G3F:3HII G3F:3HII G3F:3HII G39:3HII
Net C"rt$ 8837I3::J 8837I3:JJ 883HI3::J 8:39:397H
E=(it R-ti" ,FJ ,FJ ,F; ,FH
SOURCE< ANN?AL =E(O=TS OF COM(ANY
BABASAB PATIL
*
ANALYSIS OF FINANCIAL STATEMENT
I&ter>ret-ti"&< There are no standard rules &or %aintaining e5uity ratio+ It di&&ers
according to the nature o& the .usiness+ The lower -er&or%ance in %aintain Net worth in
2#"/ H 2/"0 .ut in 20"* H2*"F good -er&or%ance %aintaining o& ca-ital
e%-loyed to net worth+
T?=NOME= L ACTIMITY =ATIOS OF T4E COM(ANY
I&tr"'(cti"&<
Activity ratios are e%-loyed to evaluate the e&&iciently with which the &ir%
%anages and utiliDes its assets+ These ratios are also called as turnover ratio+ There&ore
they indicate the s-eed with which assets are .eing converted L turned over in to sales+
Thus an activity ratio involves relationshi- .etween sales and assets+ A -ro-er .alance
.etween sales and assets generally re&lects that assets are %anaged well+
In other words2 turnover ratio indicates the e&&iciency with which the ca-ital e%-loyed is
rotated in the .usiness+
4igher the ratio o& rotation2 the greater will .e the -ro&ita.ility
BABASAB PATIL
*3
ANALYSIS OF FINANCIAL STATEMENT
DIFFERENT TURNOVER RATIOS<
3) Inventory stoc7 turnover =atio
2) Ae.tors $Accounts =eceiva.le) Turnover =atios+
!) Creditors $Account (aya.le) Turnover =atios
#) Fi'ed Assets turnover =atio
/) Current Assets turnover =atio
0) 1or7ing ca-ital turnover =atio
*) Total Assets turnover =atio
F) Net Assets turnover =atio
8E INVENTORY % STOCK TURNOVER RATIO DITR%STRE,
It indicates the e&&iciency o& &ir% in -roducing and selling its -roducts+ 4igh =atio is
good &ro% the view -oint o& li5uidity and vice versa+ A low ratio would signi&y that
inventory does not sell &ast and sta.ly in the warehouse &or a longti%e+
F"r/(l-<
Cost o& 8oods Sold O= Sales
VVVVVVVVVVVVVVVV VVVVVVVVVV
Avg+ Inventory Inventory
Ta.le", $A%ount in la7hs)
Ye-r :77G479 :77947H :77H47; :77;47I
S-le) F83:73GFG G83G73:GH 9J38F3J9; ;:3;;3;HI
I&@e&t"r 83:;39:J :38;3JH8 :3:J3;:; G3993IHG
I&@e&t"r
t(r&"@er r-ti"
:G,G 8I,J :9,;G 89,JH
BABASAB PATIL
*2
ANALYSIS OF FINANCIAL STATEMENT
SOURCE< ANN?AL =E(O=TS OF COM(ANY
I&ter>ret-ti"&ut it is low in 2*"F and 2/"0 i+e+ 3/+, and
3F+, res-ectively+ ?sually2 a high inventory turnover indicates e&&icient %anage%ent o&
inventory .ecause %ore &re5uently the stoc7s are sold+
DAYS OF INVENTORY HOLDING<
F"r/(l-< InventoryW!0LSales
T-6le 487 $A/"(&t i& l-*$))
Ye-r :77G479 :77947H :77H47; :77;47I
I&@e&t"r 83:;39:J :38;3JH8 :3:J3;:; G3993IHG
S-le) F83:73GFG G83G73:GH 9J38F3J9; ;:3;;3;HI
D-) "#
i&@e&t"r
$"l'i&.
8G,; 8I,J9 8F,JI ::,9
SOURCE< ANN?AL =E(O=TS OF COM(ANY
BABASAB PATIL
*!
ANALYSIS OF FINANCIAL STATEMENT
I&ter>ret-ti"&ret-ti"&< 4 The ratios are increasing year .y year+ In 20"*2 it is #+2/and it has
.een increased to #+/ in 2*"F+ The ratio is not so high+ It shows that the -ay%ents o&
de.tors are not so -ro%-t+ It is less standard ratio i+e+ F ti%es+
Ae.tors Collection (eriod <
F"r/(l-<
Ae.tors collection -eriod ratioT Ae.torW!0Lsales
T-6le48: DA/"(&t i& l-*$)E
Ye-r :77G479 :77947H :77H47; :77;47I
De6t"r I3:9377I 883:H3FJ7 8F3;I3J:F 893JI3H:9
S-le) F83:73GFG G83G73:GH 9J38F3J9; ;:3;;3;HI
De6t"r)
C"llecti"&
Peri"'
J9 JI IG ;J
BABASAB PATIL
*/
ANALYSIS OF FINANCIAL STATEMENT
SOURCE< ANN?AL =E(O=TS OF COM(ANY
I&ter>ret-ti"&< 4 The collection -eriod o& 6EC is not good
ASSETS TURN OVER RATIO<
Asset turn over ratio indicates Sales &or every one ru-ee which is invested in
&i'ed and current asset together+ Assets are used to generate sales+ A &ir% should %anage
its e&&iciently to %asculine sales+
F"r/(l-<
Asset turnover ratioT SalesL Net Asset
T-6le48F DA/"(&t i& l-*$)E
Ye-r :77G479 :77947H :77H47; :77;47I
S-le) F83:73GFG G83G73:GH 9J38F3J9; ;:3;;3;HI
Net A))et 893FJ3:HG 8I39H3;7: :93:93GJI F:3J:3JGH
BABASAB PATIL
*0
ANALYSIS OF FINANCIAL STATEMENT
A))et t(r&
"@er r-ti"
:,7 :,: :,F :,:
SOURCE< ANN?AL =E(O=TS OF COM(ANY
I&ter>ret-ti"&C The total asset turn over ratio is 2+! ti%es in the year 20"* it is good+
The sa%e is %aintained in year 2/"02 2*"F+ In the 2#"/ the ratio is low+ It
indicates -oor -er&or%+
FINDINGS<
The i%-ortant &indings o& the study are as &ollows+
3) Cash ratio o& the co%-any is -oor hence they will &ind -ro.le% o& li5uidity
-osition+
2) The de.tor9s collection -eriod o& 7ec is not good+
!) The 5uic7 ratio o& 7irlos7ar electric li%ited is showing a increasing trend H it is
also .elow the standard ratio 3C3+
#) The current ratio o& 7irlos7ar electric li%ited is not satis&actory .ut it is .elow the
standard ratio i+e+ 2C3+
BABASAB PATIL
**
ANALYSIS OF FINANCIAL STATEMENT
/) Ae.t e5uity ratio o& the co%-any is &ar .elow the standard+ They have not utiliDed
the -otential o& .orrowing &or the de.ts+
0) In the 7irlos7ar electric li%ited the creditors are -aid -ro%-tly+
*) The co%-any %aintains a co"o-eration a%ong the sta&& %e%.er H %anage%ent+
F) On an average all together other ratios are nor%al+
,) As -er order given .y the custo%er su--ly %anu&acture -roducts to the% at right
ti%e H at right -laces+
SUGGESTIONS<
3) Co%-any should try to %aintain its current ratio at the standard 2C3+
2) The co%-any should reduce its cost o& -roduction through ado-ting new
technology+ It will hel- to increase the sales+
!) The 7ec9s average collection -eriod is very high+ For avoiding the co%-any
should ta7e %aalance
d) Loans H Advances
8 32*2/2,
F2/2F
23*2**!
2#32#FF
3202*2,
0!*20!
!#F2!*/
3*,2//#
32#332*,F 322,222FF
LESS < CURRENT LIABILITIES +
PROVISIONS
a) Current Lia.ility
.) (rovisions
4 322*!232#
322,*,
32!3,2/,#
32,!2
322F023! 32!!2/20
NET CURRENT ASSETS 32/20,/ $!F22!F)
MISCELLANEOUS EXPENDITURE
TO THE EXTENT NOT 5RITTEN
OFF
I **2FF2 3!22#/3
PROFIT + LOSS ACCOUNT !0020, #F023*#
TOTAL 32!332!/ 32/202!3!
TTTTTTT TTTTTTTT
NOTES ON ACCO?NTS N
>ALANCE A>ST=ACT H COM(ANY9S O
8ENE=AL >?SINESS (=OFILE
(=OFIT H LOSS ACCO?NT FO= T4E YEA= ENAEA !3
ST
MA=C4
2/
$=s+ in la7hs)
Schedule Current Year (revious Year
INCOME
Sales
Less C E'cise Auty
Other Inco%e
(ro&it on sale o& long ter% invest%ent
=e%ission o& Loan Lia.ility
(ro&it on sale o& &i'ed assets
@
!22!20!*
F!22! !2322#!#
322/*!
"
2!2#32
,320#F
22302*/3
/023*, 23/2/*2
#32/,
3#2##0
"
!,2,#
TOTAL !22#F20* 2222*2
TTTTTTTT TTTTTTTT
EXPENDITURE
Consu%-tion o& raw %aterial2
Stores2 S-ares &or H Co%-onents
and -urchasing &or trading+
O-erating and other e'-enses
=estructing e'-enses
6
L
22F//2F/F
2!2,0F
,23/!
32,*2!/
2302F,,
BABASAB PATIL
F3
ANALYSIS OF FINANCIAL STATEMENT
Interest H Finance Charges
On &i'ed loans
On other accounts
3F2*3
!2F!2
3/20/#
322,
222/#2 2*200!
Loss on Sale o& Fi'ed Assets
Ae-reciation2 A%ortisations H
(rovisions
#*2,!3
,,2*#,
2/2*30
002!*#
TOTAL !22!,223 222#!20F*
PROFIT % DLOSSE BEFORE
TAXATION
Less C (rovision &or Ta'ation $Net)
F2F00
#0
$#22,F/)
$/,#)
PROFIT % DLOSSE FOR THE YEAR F2F2 $#22!F3)
Add C Trans&er &ro% 8eneral =eserve
realiDed -ortion o& revaluation reserve on
sale o& asset+ 333200# 322/0
322#F# $#323!/)
LessC Loss .rought &orward &ro%
-revious year $#F023*#) ##/2!,
B-l-&ce "# L")) c-rrie' t" B-l-&ce
)$eet
$!0/2/,) $#F023*#)
TTTTTTTT TTTTTTTT
Earning -er $&ace value =s+3L" -er share)
>asic
Ailuted
$+2)
$+2)
$3+*)
$3+/,)
NOTES ON ACCO?NTS N
>ALANCE S4EET A>ST=ACT H
COM(ANY9S 8ENE=AL >?SINESS
(=OFILE
O
ANN?AL =E(O=T 2/"20
>ALANCE S4EET AS AT !3
ST
MA=C4 20
$=s+ in la7hs)
Schedule As At !3
st
March 20 As At !3
st
March 2/
SOURCES OF FUNDS
SHARE HOLDERS FUNDS
a) Ca-ital
.) =eserves H Sur-lus
A
>
#!220FF
0*/2/#3
#!220FF
0*/2/#3
323F222, 323F222,
LOAN FUNDS
a) Secured Loans
.) ?nsecured Loans
C
A
3*02*!
3*2/3
2323
2232
3,!20*# 2!233
TOTAL 32!32F! 32!332!/
TTTTTTT TTTTTTTT
APPLICATION OF FUNDS
FIXED ASSETS
a) 8ross >loc7
.) LessC Ae-reciation
c) Net >loc7
E !F2/!/
2032030
33F2,#,
!F,2*!,
20222*!
32*2#00
BABASAB PATIL
F2
ANALYSIS OF FINANCIAL STATEMENT
d) Ca-ital wor7 in -rogress $at Cost)
LessC (rovision &or Ai%inution in value
/02!F!
!2/0
/F2000
"
/!2!2* /F2000
3*222*0 3F023!2
INVESTMENTS F 020F ///2,/3
CURRENT ASSETS3 LOANS +
ADVANCES
a) Inventories
.) Sundry Ae.tors
c) Cash H >an7 >alance
d) Loans H Advances
8 23*2,03
323202!,
3!,2#!#
2/!2,0F
33,2/,
F2/2F
23*2**!
3/2/!
32*!*2*/! 3220*2#2#
LESS < CURRENT LIABILITIES +
PROVISIONS
a) Current Lia.ility
.) (rovisions
4 32//022/*
2322/
32!3,2/,#
32,!2
32/*02/* 323#32*2,
NET CURRENT ASSETS 30322#0 32/20,/
MISCELLANEOUS EXPENDITURE
TO THE EXTENT NOT 5RITTEN
OFF
I #!2F2! **2FF2
PROFIT + LOSS ACCOUNT !2#2!, !0/20,
TOTAL 32!32F! 32!332!/
TTTTTTT TTTTTTTT
NOTES ON ACCO?NTS N
>ALANCE A>ST=ACT H COM(ANY9S O
8ENE=AL >?SINESS (=OFILE
(=OFIT H LOSS ACCO?NT FO= T4E YEA= ENAEA !3
ST
MA=C4
20
$=s+ in la7hs)
Schedule Current Year (revious Year
INCOME
Sales
LessC E'cise Auty
Other Inco%e
(ro&it on sale o& long ter% invest%ent
=e%ission o& Loan Lia.ility
(ro&it on sale o& &i'ed assets
@
#22F3232*
3#2FF3 #23#22#0
3,2*3*
22,,2
"
02#/!
!22!20!*
F!22! !2322#!#
322/*!
"
2!2#32
,320#F
TOTAL #230,2#F !22#F20*
TTTTTTTT TTTTTTTT
EXPENDITURE
Consu%-tion o& raw %aterial2
Stores2 S-ares &or H Co%-onents
and -urchasing &or trading+
O-erating and other e'-enses
=estructing e'-enses
6
L
!2*//2*/
2/,2F,0
202/F/
22F//2F/F
2!2,0F
,23/!
BABASAB PATIL
F!
ANALYSIS OF FINANCIAL STATEMENT
Interest H Finance Charges
On &i'ed loans
On other accounts
3!2,/*
#2*#
3F2*3
!2F!2
3F2!3 222/#2
Loss on Sale o& Fi'ed Assets
Ae-reciation2 A%ortisations H
(rovisions
2#0
0!2F22
#*2,!3
,,2*#,
#232#2!! !22!,223
Less C E'-enses Ca-italiDed 222 "
TOTAL #232#23F 222#!20F*
TTTTTTTT TTTTTTTT
PROFIT BEFORE TAXATION
Less C (rovision &or Ta'ation $Net)
(rovision &or &ringe .ene&it ta'
#/2!
"
#2
F2F0
#0
"
PROFIT FOR THE YEAR #32! F2F2
Add C Trans&er &ro% 8eneral =eserve " 333200#
#32! 322#F#
Less C Loss .rought &orward &ro%
-revious year $!0/20,) $#F023*#)
B-l-&ce "# L")) c-rrie' t" B-l-&ce
)$eet
$!2#2!,) $!0/20,)
TTTTTTTT TTTTTTTT
Earning -er $&ace value =s+3L" -er share)
>asic
Ailuted
$3+3)
$+,/)
$+2)
$+2)
NOTES ON ACCO?NTS N
>ALANCE S4EET A>ST=ACT H
COM(ANY9S 8ENE=AL >?SINESS
(=OFILE
O
ANN?AL =E(O=T 20"2*
>ALANCE S4EET AS AT !3
ST
MA=C4 2*
$=s+ in la7hs)
Schedule As At !3
st
March 2* As At !3
st
March 20
SOURCES OF FUNDS
SHARE HOLDERS FUNDS
a) Ca-ital
.) Share a--lication %oney
(ending allot%ent
c) =eserves H Sur-lus
A
>
#!220FF
02
0*/2/#3
#!220FF
"
0*/2/#3
3230F222, 323F222,
LOAN FUNDS
a) Secured Loans
.) ?nsecured Loans
C
A
2##22,#
*22#,
3*02*!
3*2/3
!302!#! 3,!2/*#
TOTAL 32#F#2/*2 32!32F!
TTTTTTT TTTTTTTT
APPLICATION OF FUNDS
FIXED ASSETS
BABASAB PATIL
F#
ANALYSIS OF FINANCIAL STATEMENT
a) 8ross >loc7
.) LessC Ae-reciation
c) Net >loc7
d) Ca-ital wor7 in -rogress $at Cost)
E !0#2,0
2#,2//
/02!F!
33/2F/3
!F2/0/
2032030
/02!F!
33F2,#,
Less C (rovision &or di%inution in value #02/0
32!2* /!2!2*
32023*F 3*222*0
INVESTMENTS F /F#2*/2 020F
CURRENT ASSETS3 LOANS +
ADVANCES
a) Inventories
.) Sundry Ae.tors
c) Cash H >an7 >alance
d) Loans H Advances
8 22,2*2*
32!*F2,2!
#3!200F
!F*2!2,
23*2,03
323202!,
3!,2#!#
2/!2,0F
22#,20#* 32*!*2*/!
LESS < CURRENT LIABILITIES +
PROVISIONS
a) Current Lia.ility
.) (rovisions
4 32*0!2*00
#32#!#
32///22/*
2322/
32F/22 32/*02/*
NET CURRENT ASSETS 0#2##* 30322#0
MISCELLANEOUS EXPENDITURE
TO THE EXTENT NOT 5RITTEN
OFF
I 3,2*/3 #!2F2!
PROFIT + LOSS ACCOUNT 3#,2### !2#2!,
TOTAL 32#F#2/*2 32!32F!
TTTTTTT TTTTTTTT
NOTES ON ACCO?NTS N
>ALANCE A>ST=ACT H COM(ANY9S O
8ENE=AL >?SINESS (=OFILE
(=OFIT H LOSS ACCO?NT FO= T4E YEA= ENAEA !3
ST
MA=C4
2*
$=s+ in la7hs)
Schedule Current Year (revious Year
INCOME
Sales
Less C E'cise Auty
Other Inco%e
(ro&it on sale o& long ter% invest%ent
(ro&it on sale o& &i'ed assets
@
023F02*33
2*22*/# /2,3!2,/*
2#22**
"
03/
#22F3232*
3#2FF3 #23#22#0
3,2*3*
22,,2
02#/!
TOTAL /2,!F2F#, #230,2#F
TTTTTTTT TTTTTTTT
EXPENDITURE
Consu%-tion o& raw %aterial2
Stores2 S-ares &or H Co%-onents
and -urchasing &or trading+
O-erating and other e'-enses
=estructing e'-enses
Interest H Finance Charges
On &i'ed loans
On other accounts
6
L
222!!!
332/0*
/2!,2!!*
2FF2,
"
3!2,/*
#2*#
32,*2!/
2302F,,
BABASAB PATIL
F/
ANALYSIS OF FINANCIAL STATEMENT
!!2, 3F2!3
Loss on Sale o& Fi'ed Assets
Ae-reciation2 A%ortiDations H (rovisions
"
32!2!2
2#0
0!2F22
/2*//2#!, #232#2!!
Less C E'-enses Ca-italiDed 2! 222
TOTAL /2*//22, #232#23F
TTTTTTTT TTTTTTTT
PROFIT BEFORE TAX +
EXTRAORDINARY ITEMS
AddC E'traordinary Inco%e B re%ission o&
Lia.ility
3F!20#
*2F0
#/2!
"
PROFIT BEFORE TAXATION 3,32##0 #/2!
Less C (rovision &or current ta' 32 "
(rovision &or &ringe .ene&it ta' 02/ #2
PROFIT FOR THE YEAR AFTER TAX 3*#2,#0 #32!
Less C Loss .rought &orward &ro% -revious
year
$!2#2!,) $!0/20,)
BALANCE OF LOSS CARRIED TO
BALANCE SHEET
$3#,2###) $!2#2!,)
TTTTTTTT TTTTTTTT
EA=NIN8 (E= S4A=E
$&ace value =s+3L" -er share)
>e&ore considering e'traordinary ite%s+
>asic
Ailuted
/+!
#+*!
3+3
+,/
A&ter considering e'traordinary ite%s+
>asic
Ailuted
/+2F
#+,0
3+3
+,/
NOTES ON ACCO?NTS N
>ALANCE S4EET A>ST=ACT H
COM(ANY9S 8ENE=AL >?SINESS
(=OFILE
O
ANN?AL =E(O=T 2*"2F
>ALANCE S4EET AS AT !3
ST
MA=C4 2F
$=s+ in la7hs)
Schedule As At !3
st
March 2F As At !3
st
March 2*
SOURCES OF FUNDS
SHARE HOLDERS FUNDS
a) Ca-ital
.) Share a--lication %oney -ending
Allot%ent
c) =eserves H Sur-lus
A
>
#!220FF
"
*,,2F3F
#!220FF
02
0*/2/#3
322/22/0 3230F222,
LOAN FUNDS
a) Secured Loans
.) ?nsecured Loans
C
A
!!22!,!
3F2*/,
2##22,#
*22#,
##323/2 !302!#!
TOTAL 320,!20/F 32#F#2/*2
TTTTTTT TTTTTTTT
BABASAB PATIL
F0
ANALYSIS OF FINANCIAL STATEMENT
APPLICATION OF FUNDS
FIXED ASSETS
a) 8ross >loc7
.) Less C Ae-reciation
c) Net >loc7
d) Ca-ital wor7 in -rogress
E
F
!F020F
2/!2#!2
3!!23*3
!2*#/
!F#2,0
2#,2//
33/2F/3
32!2*
30!2,30 32023*F
INVESTMENTS 8 /F#2*/2 /F#2*/2
CURRENT ASSETS3 LOANS +
ADVANCES
a) Inventories
.) Sundry Ae.tors
c) Cash H >an7 >alance
d) Loans H Advances
4 #//2F0#
32/,F202/
/2#2*#,
/F2/!*
22,2*2*
32!/!2#!F
#3!200F
!F*2!2,
!23/,2**/ 22!F#2302
LESS < CURRENT LIABILITIES +
PROVISIONS
a) Current Lia.ility
.) (rovisions
I 223!32#/#
F!2!!3
32*!/2F32
#!2,F
2223#2*F/ 32**,2*3/
NET CURRENT ASSETS ,##2,, 0#2##*
MISCELLANEOUS EXPENDITURE
TO THE EXTENT NOT 5RITTEN
OFF
I " 3,2*/3
PROFIT + LOSS ACCOUNT " 3#,2###
TOTAL 320F!20/F 32#F#2/*2
TTTTTTT TTTTTTTT
NOTES ON ACCO?NTS N
>ALANCE A>ST=ACT H COM(ANY9S O
8ENE=AL >?SINESS (=OFILE
(=OFIT H LOSS ACCO?NT FO= T4E YEA= ENAEA !3
ST
MA=C4
2F
$=s+ in la7hs)
Schedule Current Year (revious Year
INCOME
Sales
Less C E'cise Auty
Other Inco%e
(ro&it on sale o& &i'ed assets $net)
@
6
*20#,2,23
!*2230! *22**2*0F
/*2#3!
230
023F02*33
2*22*/# /2,3!2,/*
2#22**
03/
TOTAL *2!!*2F,, /2,!F2F#,
TTTTTTTT TTTTTTTT
EXPENDITURE
Consu%-tion o& raw %aterial2
Stores2 S-ares &or H Co%-onents
and -urchasing &or trading+
O-erating and other e'-enses
Interest H Finance Charges
On &i'ed loans
On other accounts
L
M
2!22#
3/2330
020/2*0!
!*22*,0
222!!!
332/0*
/2!,2!!*
2!F2,
BABASAB PATIL
F*
ANALYSIS OF FINANCIAL STATEMENT
!F2!/0 !!2,
Ae-reciation2 A%ortiDations H (rovisions #*2,F# 32!2!2
*20#2F,, /2*//2#!
Less C E'-enses Ca-italiDed 2F3 2!
TOTAL *20#203F /2*//22,
TTTTTTTT TTTTTTTT
PROFIT BEFORE TAX +
EXTRAORDINARY ITEMS
AddC E'traordinary Inco%e B re%ission o&
Lia.ility
2*22*F3
"
3F!20#
*2F0
PROFIT BEFORE TAX EXPENSES
Less C (rovision &or Current Ta' $Net)
(rovision &or &ringe .ene&it ta'
2*22*F3
!32#
/2
3,32##0
32
02/
PROFIT AFTER TAX EXPENSES 2!02*#3 3*#2,#0
Less C Loss .rought &orward &ro%
-revious year 3#,2### !2#2!,
Add C E'-enditure on e%-loyee .ene&its u-to
!3
st
March 2* in ter%s o& transitional
-rovisions o& AS 3/ $revised)
!22 "
3/22#0# !2#2F,
B-l-&ce )$eet "# >r"#it % DL"))E c-rrie' t"
B-l-&ce )$eet F#22** $3#,2###)
TTTTTTTT TTTTTTTT
Earning -er $&ace value =s+3L" -er share)
>e&ore considering e'traordinary ite%s
>asic
Ailuted
0+,2
0+,2
/+!
#+*!
A&ter considering e'traordinary ite%s
>asic
Ailuted
0+,2
0+,2
/+2F
#+,0
NOTES ON ACCO?NTS O
>ALANCE S4EET A>ST=ACT H
COM(ANY9S 8ENE=AL >?SINESS
(=OFILE
(
BIBLIOGRAPHY<
• M+Y+64AN2 (+6+@AIN $3,F3)2 Financial Manage%ent2 and cost accounting $third
edition) New AelhiC Mc8raw"4ill (u.lishing Co%-any Ltd+
• I+M+(ANAEY2 Financial Manage%ent New Aelhi Mi7as (u.lishing 4ouse (rivate
Ltd"ninth addition 2#+
• Annual re-orts o& the 6irlos7ar Electric (vt Ltd+
BABASAB PATIL
FF
ANALYSIS OF FINANCIAL STATEMENT
• E"%ail www+7irlos7arVelectri+co%
www+google+co%
BABASAB PATIL
F,
doc_702107794.doc