35
Financial Statement of Raymonds By:- Kevin Doshi (A001) Preeti Jindal (A002) Roshan Jain (A003) Sonali Budhrani (A004) Prashant Malhotra (A005) Saloni Jindal (A006)
| Date post: | 12-Apr-2016 |
| Category: |
Documents |
| Upload: | kevin-doshi |
| View: | 219 times |
| Download: | 1 times |
Financial Statement of
RaymondsBy:-
Kevin Doshi (A001)Preeti Jindal (A002)Roshan Jain (A003)
Sonali Budhrani (A004)Prashant Malhotra (A005)
Saloni Jindal (A006)
Individual ContributionO Introduction by Saloni Jindal (A006)O Common Size and Trend Analysis by
Kevin Doshi (A001)O Comparative Analysis by Prashant
Malhotra (A005) and Saloni Jindal (A006)
O Ratio Analysis by Sonali Budhrani (A004), Preeti Jindal (A002) and Roshan Jain (A003).
Take HomeO Study of Auditor’s Report.O Study of financial statements and
ratios.O High Liquidity can strengthen the
financial condition of Company.O Higher interest could be a reason for
loss making.
Raymonds • Incorporated in 1925.
• Chairman Gautam Hari Singhania.
• One of the Leader in Textile Manufacturing.
• 60% of India’s Market Share.
• Capacity of 38 million meters in wool and wool blended fabrics.
• Exports to over 55 countries includes:- USA, Japan etc.
Raymond’sFactories
Thane Chhindwada
Shifted To
Vapi
Jalgaon
Board of Directors
Financial Statements
Year Mar 13 INCOME : Sales Turnover 2,044.45 Excise Duty 2.12 Net Sales 2,042.33 Other Income 104.27 Stock Adjustments 35.79 Total Income 2,182.39 EXPENDITURE : Raw Materials 761.97 Power & Fuel Cost 138.25 Employee Cost 325.03 Other Manufacturing Expenses 333.72 Selling and Administration Expenses 310.98 Miscellaneous Expenses 80.98 Less: Pre-operative Expenses Capitalised Total Expenditure 1,950.93 Operating Profit 231.46 Interest 156.11 Gross Profit 75.35 Depreciation 116.02 Profit Before Tax -40.67 Deferred Tax 7.17 Reported Net Profit -47.84 Extraordinary Items -11.37 Adjusted Net Profit -36.47 P & L Balance brought forward 32.88 Appropriations -14.96 Dividend 6.14 Equity Dividend % 10 Earnings Per Share(Adj)-Unit Curr Book Value-Unit Curr 167.96
Raymond Ltd Industry :Textiles
Raymond Ltd
Industry :Textiles
(Rs in Crs)
Year Mar 13
SOURCES OF FUNDS :
Share Capital 61.38
Reserves Total 969.58
Total Shareholders Funds 1,030.96
Secured Loans 656.1
Unsecured Loans 690.96
Total Debt 1,347.06
Other Liabilities 107.42
Total Liabilities 2,485.44
APPLICATION OF FUNDS :
Gross Block 1,866.64
Less : Accumulated Depreciation 1,032.36
Net Block 834.28
Capital Work in Progress 144.88
Investments 744.85
Current Assets, Loans & Advances
Inventories 502.99
Sundry Debtors 416.25
Cash and Bank 18.25
Loans and Advances 79.7
Total Current Assets 1,017.19
Less : Current Liabilities and Provisions
Current Liabilities 487.78
Provisions 47.89
Total Current Liabilities 535.67
Net Current Assets 481.52
Deferred Tax Assets 89.24
Deferred Tax Liability 89.24
Other Assets 279.91
Total Assets 2,485.44
Contingent Liabilities 211.86
Common SizeAnalysis
Raymond Ltd
Industry :Textiles - Others
(Rs in Crs) Percentage
Year Mar 13 Mar 12 Mar 13 Mar 12
INCOME :
Sales Turnover 2,044.45 1,884.61 100 100
Excise Duty 2.12 2.77 0.10 0.15
Net Sales 2,042.33 1,881.84 99.90 99.85
Other Income 104.27 87.16 5.10 4.62
Stock Adjustments 35.79 52.4 1.75 2.78
Total Income 2,182.39 2,021.40 106.75 107.26
EXPENDITURE :
Raw Materials 761.97 662.86 37.27 35.17
Power & Fuel Cost 138.25 106.16 6.76 5.63
Employee Cost 325.03 244.36 15.90 12.97
Other Manufacturing Expenses 333.72 308.04 16.32 16.35
Selling and Administration Expenses 310.98 309.88 15.21 16.44
Miscellaneous Expenses 80.98 68.4 3.96 3.63
Less: Pre-operative Expenses Capitalised Total Expenditure 1,950.93 1,699.70 95.43 90.19 Operating Profit 231.46 321.7 11.32 17.07 Interest 156.11 134.8 7.64 7.15 Gross Profit 75.35 186.9 3.69 9.92 Depreciation 116.02 109.86 5.67 5.83 Profit Before Tax -40.67 77.04 -1.99 4.09 Tax 0 0.03 0.00 0.00 Deferred Tax 7.17 20.66 0.35 1.10 Reported Net Profit -47.84 56.35 -2.34 2.99 Extraordinary Items -11.37 5.59 -0.56 0.30 Adjusted Net Profit -36.47 50.76 -1.78 2.69 P & L Balance brought forward 32.88 0 1.61 0.00 Appropriations -14.96 23.47 -0.73 1.25 P & L Balance carried down 0 32.88 0.00 1.74 Dividend 6.14 15.35 0.30 0.81 Preference Dividend 0 0 0.00 0.00 Equity Dividend % 10 25 0.49 1.33 Earnings Per Share-Unit Curr 0 8.77 0.00 0.47 Earnings Per Share(Adj)-Unit Curr 0.00 0.00 Book Value-Unit Curr 167.96 179.91 8.22 9.55
Raymond Ltd
Industry :Textiles - Others
(Rs in Crs) Percentage
Year Mar 13 Mar 12 Mar 13 Mar 12
Raymond Ltd
Industry :Textiles - Others
(Rs in Crs) Percentage
Year Mar 13 Mar 12 Mar 13 Mar 12
SOURCES OF FUNDS :
Share Capital 61.38 61.38 2.47 2.38
Reserves Total 969.58 1,042.92 39.01 40.38
Total Shareholders Funds 1,030.96 1,104.30 41.48 42.76
Secured Loans 656.1 637.3 26.40 24.67
Unsecured Loans 690.96 658.6 27.80 25.50
Total Debt 1,347.06 1,295.90 54.20 50.17
Other Liabilities 107.42 182.64 4.32 7.07
Total Liabilities 2,485.44 2,582.84 100.00 100.00
APPLICATION OF FUNDS : 0.00 0.00
Gross Block 1,866.64 1,825.31 75.10 70.67
Less : Accumulated Depreciation 1,032.36 958.09 41.54 37.09
Net Block 834.28 867.22 33.57 33.58
Capital Work in Progress 144.88 116.55 5.83 4.51
Investments 744.85 777.3 29.97 30.09
Current Assets, Loans & Advances
Inventories 502.99 447.67 20.24 17.33
Sundry Debtors 416.25 392.39 16.75 15.19
Cash and Bank 18.25 12.86 0.73 0.50
Loans and Advances 79.7 64.77 3.21 2.51
Total Current Assets 1,017.19 917.69 40.93 35.53
Less : Current Liabilities and Provisions 0.00 0.00
Current Liabilities 487.78 303.57 19.63 11.75
Provisions 47.89 64.47 1.93 2.50
Total Current Liabilities 535.67 368.04 21.55 14.25
Net Current Assets 481.52 549.65 19.37 21.28
Deferred Tax Assets 89.24 99.12 3.59 3.84
Deferred Tax Liability 89.24 91.95 3.59 3.56
Net Deferred Tax 0 7.17 0.00 0.28
Other Assets 279.91 264.95 11.26 10.26
Total Assets 2,485.44 2,582.84 100.00 100.00
Contingent Liabilities 211.86 209.9 8.52 8.13
Raymond Ltd Industry :Textiles - Others (Rs in Crs) Percentage
Year Mar 13 Mar 12 Mar 13 Mar 12
ComparativeAnalysis
Raymond Ltd
Industry :Textiles - Others
(Rs in Crs)
Year Mar 13(12) Mar 12(12) Comparative
INCOME :
Sales Turnover 2,044.45 1,884.61 159.84
Excise Duty 2.12 2.77 -0.65
Net Sales 2,042.33 1,881.84 160.49
Other Income 104.27 87.16 17.11
Stock Adjustments 35.79 52.4 -16.61
Total Income 2,182.39 2,021.40 160.99
EXPENDITURE :
Raw Materials 761.97 662.86 99.11
Power & Fuel Cost 138.25 106.16 32.09
Employee Cost 325.03 244.36 80.67
Other Manufacturing Expenses 333.72 308.04 25.68
Selling and Administration Expenses 310.98 309.88 1.10
Miscellaneous Expenses 80.98 68.4 12.58
Less: Pre-operative Expenses Capitalised
Total Expenditure 1,950.93 1,699.70 251.23
Operating Profit 231.46 321.7 -90.24
Interest 156.11 134.8 21.31
Gross Profit 75.35 186.9 -111.55
Depreciation 116.02 109.86 6.16
Profit Before Tax -40.67 77.04 -117.71
Tax 0 0.03 -0.03
Deferred Tax 7.17 20.66 -13.49
Reported Net Profit -47.84 56.35 -104.19
Extraordinary Items -11.37 5.59 -16.96
Adjusted Net Profit -36.47 50.76 -87.23
P & L Balance brought forward 32.88 0 32.88
Appropriations -14.96 23.47 -38.43
P & L Balance carried down 0 32.88 -32.88
Dividend 6.14 15.35 -9.21
Preference Dividend 0 0 0.00
Equity Dividend % 10 25 -15.00
Earnings Per Share-Unit Curr 0 8.77 -8.77
Book Value-Unit Curr 167.96 179.91 -11.95
Raymond Ltd
Industry :Textiles - Others
(Rs in Crs)
Year Mar 13(12) Mar 12(12) Comparative
Raymond Ltd Industry :Textiles - Others (Rs in Crs)
Year Mar 13 Mar 12 Comparative
SOURCES OF FUNDS :
Share Capital 61.38 61.38 0
Reserves Total 969.58 1,042.92 -73.34
Equity Share Warrants 0 0 0
Equity Application Money 0 0 0
Total Shareholders Funds 1,030.96 1,104.30 -73.34
Secured Loans 656.1 637.3 18.8
Unsecured Loans 690.96 658.6 32.36
Total Debt 1,347.06 1,295.90 51.16
Other Liabilities 107.42 182.64 -75.22
Total Liabilities 2,485.44 2,582.84 -97.4
APPLICATION OF FUNDS : 0
Gross Block 1,866.64 1,825.31 41.33
Less : Accumulated Depreciation 1,032.36 958.09 74.27
Less:Impairment of Assets 0 0 0
Net Block 834.28 867.22 -32.94
Lease Adjustment 0 0 0
Capital Work in Progress 144.88 116.55 28.33
Investments 744.85 777.3 -32.45
Current Assets, Loans & Advances
Inventories 502.99 447.67 55.32
Sundry Debtors 416.25 392.39 23.86
Cash and Bank 18.25 12.86 5.39
Loans and Advances 79.7 64.77 14.93
Total Current Assets 1,017.19 917.69 99.5
Less : Current Liabilities and Provisions
Current Liabilities 487.78 303.57 184.21
Provisions 47.89 64.47 -16.58
Total Current Liabilities 535.67 368.04 167.63
Net Current Assets 481.52 549.65 -68.13
Miscellaneous Expenses not written off 0 0 0
Deferred Tax Assets 89.24 99.12 -9.88
Deferred Tax Liability 89.24 91.95 -2.71
Net Deferred Tax 0 7.17 -7.17
Other Assets 279.91 264.95 14.96
Total Assets 2,485.44 2,582.84 -97.4
Contingent Liabilities 211.86 209.9 1.96
Raymond Ltd Industry :Textiles - Others (Rs in Crs)
Year Mar 13 Mar 12 Comparative
TrendAnalysis
Raymond Ltd Raymond Ltd
Industry :Textiles - Others Industry :Textiles - Others
(Rs in Crs) Percentage
Year Mar 09 Mar 10 Mar 11 Mar 12 Mar 13 Mar 09 Mar 10 Mar 11 Mar 12 Mar 13
SOURCES OF FUNDS :
Share Capital 61.38 61.38 61.38 61.38 61.38 100 100 100 100 100
Reserves Total 1,065.6
01,111.5
31,004.2
01,042.9
2 969.58 100 104.31 94.24 97.87 90.99
Equity Share Warrants 20.87 0 0 0 0 100 0.00 0.00 0.00 0.00
Total Shareholders Funds1,147.8
51,172.9
11,065.5
81,104.3
0 1,030.96 100 102.18 92.83 96.21 89.82
Secured Loans 868.85 756.96 733.07 637.3 656.1 100 87.12 84.37 73.35 75.51
Unsecured Loans 476.22 495.75 524.18 658.6 690.96 100 104.10 110.07 138.30 145.09
Total Debt1,345.0
71,252.7
11,257.2
51,295.9
0 1,347.06 100 93.13 93.47 96.34 100.15
Other Liabilities 0 0 94.39 182.64 107.42
Total Liabilities2,492.9
22,425.6
22,417.2
22,582.8
4 2,485.44 100 97.30 96.96 103.61 99.70
APPLICATION OF FUNDS :
Gross Block 1,700.6
41,713.4
01,726.6
01,825.3
1 1,866.64 100 100.75 101.53 107.33 109.76
Less : Accumulated Depreciation 701.6 772.98 868.87 958.09 1,032.36 100 110.17 123.84 136.56 147.14
Less:Impairment of Assets
Net Block 999.04 940.42 857.73 867.22 834.28 100 94.13 85.86 86.81 83.51
Capital Work in Progress 62.11 41.64 77.39 116.55 144.88 100 67.04 124.60 187.65 233.26
Investments 888.59 891.79 740.12 777.3 744.85 100 100.36 83.29 87.48 83.82
Current Assets, Loans & Advances
Inventories 340.4 284.5 413.09 447.67 502.99 100 83.58 121.35 131.51 147.76
Sundry Debtors 304.48 296.95 320.46 392.39 416.25 100 97.53 105.25 128.87 136.71
Cash and Bank 46.8 26.56 15.51 12.86 18.25 100 56.75 33.14 27.48 39.00
Loans and Advances 289.97 322.1 65.91 64.77 79.7 100 111.08 22.73 22.34 27.49
Total Current Assets 981.65 930.11 814.97 917.69 1,017.19 100 94.75 83.02 93.48 103.62 Less : Current Liabilities and Provisions
Current Liabilities 350.44 304.17 347.74 303.57 487.78 100 86.80 99.23 86.63 139.19
Provisions 59.66 53.12 44.68 64.47 47.89 100 89.04 74.89 108.06 80.27
Total Current Liabilities 410.1 357.29 392.42 368.04 535.67 100 87.12 95.69 89.74 130.62
Net Current Assets 571.55 572.82 422.55 549.65 481.52 100 100.22 73.93 96.17 84.25
Deferred Tax Assets 71.61 78.32 121.71 99.12 89.24 100 109.37 169.96 138.42 124.62
Deferred Tax Liability 99.98 99.37 93.88 91.95 89.24 100 99.39 93.90 91.97 89.26
Net Deferred Tax -28.37 -21.05 27.83 7.17 0 100 74.20 -98.10 -25.27 0.00
Other Assets 0 0 291.6 264.95 279.91 0 0.00 0.00 0.00 0.00
Total Assets2,492.9
22,425.6
22,417.2
22,582.8
4 2,485.44 100 97.30 96.96 103.61 99.70
Contingent Liabilities 382.12 285.93 273.15 209.9 211.86 100 74.83 71.48 54.93 55.44
Raymond Ltd Raymond Ltd
Industry :Textiles - Others Industry :Textiles - Others
(Rs in Crs) Percentage
Year Mar 09 Mar 10 Mar 11 Mar 12 Mar 13 Mar 09 Mar 10 Mar 11 Mar 12 Mar 13
What is a ratio?A ratio:-
It is the mathematical relationship between two quantities in the form of a fraction or percentage.
Ratio Analysis involves methods of calculating and interpreting financial ratios in order to assess a firm's performance and status.
It is compared with a standard of performance
Classification
Ratios
Leverage Ratio Liquidity Ratio Profitability
Ratio Other Ratio
Debt-Equity RatioDebt-Equity Ratio= Total Debt Shareholders Equity
2013 2012= 1347.06 1030.96
= 1.31
= 1295.90 1104.3
= 1.17
Times interest earned (TIE)
O TIE= EBIT Interest
2013 2012231.4611.39
= 20.32
321.79.35
= 34.41
Debt RatioO Debt ratio= Long term debt
Long term debt + Equity
2013 2012= 769.39 769.39+ 1030.96
= 0.43
= 798.87798.87+ 1104.30
= 0.42
Current RatioO Current Ratio= Current Assets
Current Liability
2013 2012=1017.19 535.67
= 1.90
= 917.69 368.04
= 2.49
Quick RatioO Quick Ratio= (Cash+ Marketable
Securities+ Accounts Receivables )
Current Liabilities
2013 2012= 416.25+ 18.25+ 79.7 535.67
= 0.96
= 392.39+ 12.86+ 64.77 368.04 = 1.28
Cash RatioO Cash Ratio= Cash+ Marketable
Securities Current Liabilities
2013 2012= 18.25+ 79.7 535.67
= 0.18
= 12.86+ 64.77 368.04
= 0.21
Average ReceivablesOAverage Receivables= Average Receivables * 365 Sales
2013 2012= 404.32 * 365 2044.45
= 72 days
= 356.93 * 365 1884.61
= 69 days
Return on Assets (ROA)O ROA= (EBIT-Taxes)
Average Total Assets
2013 2012= 231.46- 0 2709.98
= 0.09
= 321.7- 0.03 2584.49
= 0.13
Earnings Per Share (EPS)
O EPS= Net Profit/Net Loss No. of Share Equity
2013 2012= (36.47) 6.14
= 5.95
= 50.76 6.14
= 8.77
Payout RatioO Payout Ratio= Dividend Per Share
Earnings Per Share
2013 2012= 6.14 5.93 = 1.04
= 15.35 8.77
= 1.75
Thank You
