Professional Documents
Culture Documents
Monnet Ispat - Balance Sheet and P&L Account Analysis
Monnet Ispat - Balance Sheet and P&L Account Analysis
Monnet Ispat - Balance Sheet and P&L Account Analysis
13 PGDM (IB)
Particulars Sources Of Funds Shareholders' Funds a) Share Capital b) Subscription Against Warrants c) Reserves & Surplus Total Shareholders' Funds Loan Funds a) Secured Loans b) Unsecured Loans Total Loan Funds Deferred Tax Liability Total Application Of Funds Fixed Assets a) Gross Block b) Less Depreciation c) Net Block Capital Work In Progress Investments Current Assets, Loans and Advances a) Inventories b) Sundry Debtors c) Cash & Bank Balances d) Loans & Advances Less: Current Liabilities & Provisions a) Current Liabilities b) Provisions Net Current Assets Misc. Expenditure Foreign currency monetary Item translation Difference amount Total
1 2
3 4 5
6 14768678754 3831546879 10937131875 15127362951 26064494826 5500091128 3604252692 1897967789 6881100455 8534258318 20917579254 2372271669 1077549950 3449821619 17467757635 14391293879 3108123293 11283170586 7212131953 18495302539 5454038748 2188050912 1288661376 2052422993 5898310301 11427445582 1803037747 758317559 2561355306 8866090276
7 8 9 10 11
12 13
0 49032343589
184208212 32999639775
Page | 1
Understanding
Number of equity shares traded in the market increased as amalgamation of two companies M/s Mounteverest Trading & Investment Limited and M/s Monnet Power Limited took place
Page | 2
Understanding
The net reserves and surplus decreased Capital Redemption Reserve, Capital Reserve, Capital Reconstruction Reserve, Amalgamation Reserve and Balance transferred from P&L A/C decreased whereas Share Premium, General Reserve and Debenture Redemption Reserve increased marginally.
Understanding
Majority of the secured loans were from foreign financial institutions (ECBs) and it increased in the current fiscal year as well. Loans from banks showed a decrease in percentage as was loans against nonconvertible bonds.
Page | 3
Understanding
The major rise in this section was that of unsecured loans from banks which has higher interest rate. No FCCB's were issued in this fiscal year as well as unsecured loans from fully convertible bonds were less.
Understanding
The deffered tax liability increased in the present fiscal year which suggests that the business has to pay the amount to the government. Also the percentage increase has been low which suggests that the company has paid much of it taxes to the actual.
Page | 4
Schedule 6
Particulars Fixed Assets a) Gross Block b) Less Depreciation c) Net Block Capital Work In Progress Schedules 6 14768678754 3831546879 10937131875 15127362951 26064494826 14391293879 3108123293 11283170586 7212131953 18495302539 As On 31.3.2011 As On 31.3.2010 Percentage of Total (2011) Percentage of Total (2010) Increase / Decrease
53.15775857
56.04698313 decrease
Notes Particulars Acquired on As at 01.04.2010 Amalgamation 253688145 0 95003388 0 181077121 0 1567423853 0 12079238480 0 67014762 0 147848130 0 14391293879 0 13664534313 172801400 Additions
Gross Block Adjustments as at 31.03.2011 0 0 0 0 8689967 0 11006627 19696594 8082688 As at 31.03.2011 255098057 95003388 181274879 1647985505 12364380017 70207792 154729116 14768678754 14391293879
Land & Site Development Lease Hold Land (mining) Railway Siding Building Plant & Machinery Furnitures & Fixtures Vehicles Current Year Previuos Year
Depreciation Upto the year 0 7217171 13902438 219735785 2801976790 12563740 52727368 3108123292 2395679916 Acquired on Amalgamation 0 0 0 0 0 0 0 0 1491494 Additions 0 1563321 8606415 53127524 657043735 4413030 14452796 739206821 716834340 Adjustments as at 31.03.2011 0 0 0 0 7192345 0 8590889 15783234 5882457
Net Block As at 31.03.2011 As at 31.03.2011 0 8780492 22508853 272863309 3451828180 16976770 58589275 3831546879 3108123293 255098057 86222896 158766026 1375122196 8912551837 53231022 96139841 10937131875 11283170586
Percentage of Total As at 31.03.2010 2011 253688145 2.33240359 87786217 0.78835015 167174683 1.45162395 1347688068 12.572969 9277261690 81.4889309 54451022 0.48670001 95120761 0.87902242 11283170586 11268854397
Percentage Increase of Total / 2010 Decrease 2.2483764 increase 0.77802792 increase 1.48162861 decrease 11.944232 increase 82.2221167 decrease 0.48258618 increase 0.8430322 increase
Understanding
Majority of the fixed assets are Plant & Machinery. Although as a percentage of total for the respective year it shows a decrease while the percentage increased in the case of Land, mining land, vehicles etc. SLM depreciation method is used majorly except for one plant where WDV method is followed. The total assets of the company increased but not as percentage of the total application of that years fund. The company might have focussed on other areas for application of its funds.
Page | 5
Understanding
The absolute value of unquoted equity shares in subsidiary companies increased as the company took shares of Chattel Construction, Chomal Exports, Monnet Daniel Coal Washeries and Monnet Enterprises PTE. The company was more interested in buying unquoted shares of other companies. In case of Non-convertible debentures the debenture with tata motor finance either got matured or was liquidated. Also several quoted investments in the form of mutual funds like Reliance growth fund, Prudential ICICI, DSP Meryll Lynch, DSMPL Balanced Fund, Uti Nifty Index etc were realised. The company also invested in Amtek India Ltd and Ashoke Layland Ltd. The capital contribution to Partnership firm also decreased in the year. The Company focussed on Equity shares through portfolio management schemes where the investment showed an increase.
Page | 6
Understanding
Inventories are evaluated by FIFO method. Raw materials constitute of the majority of the Inventories. The company streched its production. Finished and semifinished goods shows an increase which is good for the company to meets the demand.
Understanding
The doubtful debts decreased which is a good sign for the company as its debtors are responsible and will not cause much of a problem in the business.
Page | 7
Understanding
The cash and bank balances of the increase by a good margin thereby proving the good business. The company showed more trust in foreign banks owing to their competitve interest rates.
Understanding
Loans to subsidiary companies increased considerably. Also refundable amount of money lying with the excise deptt increased. The company also paid extra advance income tax for tax benefits. Other prepaid expenses also decreased.
Page | 8
Understanding
The current liabilities showed an overall increase as security deposits and interest accrued increased. Also the business owns to big industries and Capital projects due to which Current liabilities increased. Increase of current liability is not a good sign for the company. But the company has back-up cash and bank balances to support it.
Understanding
The company set aside a greater amount of provision for Tax by estimating it from its profits.The proposed dividend is more in absolute terms but its share in provision is less which means that company is reserving more for its liabilities towards the government.
Page | 9
15
16 17 18 19 20
Page | 10
Understanding
The income due to rent and interest increased. Profits on sale of investments and dividend received decreased drastically. This can be attributed lower performance of stocks in which the company invested.
Understanding
Lesser amount of raw material and power & fuel were consumed but as net profits increased we might say that the manufacturing efficiency of the plant increased
Page | 11
Understanding
The closing stock suggests that there is a increase of stocks in godowns of the company hence it suggests that there was positive growth in production process.
Understanding
The increasing number of employees owing to expansion led to an overall increase expenses on salaries,wages and greater emphasis was given to employee welfare
Page | 12
Understanding
The company put more emphasis on maintaining its machinery for efficient performance.
Page | 13
Understanding
Marketing constitutes majority of this type of expense. Auditors remuneration also increased during this fiscal year. Important to note that losses from partnership firm also reduced in the current Fiscal Year.
Understanding
Interest paid for loans is the major expense under this category. The total expense on this category reduced as all the expense in individual category reduced.
Page | 14