Index

• Company Profile
• Common Size Income Statement Analysis
• Comperative Income Statement Analysis
• Common Size Balance Sheet Analysis
• Comperative Balance Sheet Analysis
• Ratio Analysis

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 Company Profile

Vision Of the Company:- To be recognized as a leading global player providing

products and services offering comprehensive solutions for the data transmission &
electrical connectivity requirements of the industry.

Mission of the Company:- Their mission is to strive for growth in new and existing
markets and provide cost-effective and quality solutions for the data transmission & electrical
connectivity requirements of the industry by offering high quality, customized cables at a
competitive price, with best service and unfailing commitment. This will require us to move
through challenging situations with determination and forge long-term partnerships with our
business associates and vendors to attain satisfaction for our valued customers and all other
stakeholders. The company shall contribute towards its immediate community and society at
large.

Products of the Company:- Their products include,

• LV Power Cables
• Control Cables
• Instrumentation Cables
• Thermocouple Cables

Wide variety of special cables such as,

• Fieldbus Cables
• Fire Survival Cables
• Low Smoke Halogen Free Cables
• Solar PV Cables
• Low Temperature Cables
• EPR Cables
• Silicon Rubber Cables
• EuroBalise Railway Safety Cables
• Railway Jelly Filled Quad Cables
• Special Cables for Oil & Gas
• Special Cables for Water Desalination

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 Managements of the Company:- Their Board of Directors are,

Name Designation
Naveen Sawhney Managing Director
Vimal Dev Monga Ind. Non-Executive Director
Asha Bhandari Ind. Non-Executive Director
Sanjeev Kumar Whole Time Director
Vijay Kumar Ind. Non-Executive Director

Competitors of Cords Cable Ind:- Their competitors are,

➢ Alpha Wire Company.

➢ Amphenol Corporation.
➢ BICC plc.
➢ Alflex Corporation.
➢ California Fine Wire Company.
➢ Belden Inc.
➢ Canare Corp.
➢ Astrolab , Inc.

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 Common Size Income Statement Analysis

Percentage Percentage Percentage

2019 2018 2017
of 2017 of 2018 of 2019

12 12 12
mths mths mths

Income
Sales
416.75 428.44 354.96 109.7554 117.2587 100
Turnover
Excise Duty 0 63.06 31.55 9.755419 17.25874 0
Net Sales 416.75 365.38 323.41 100 100 100
Other Income 1.75 1.76 2.13 0.658607 0.48169 0.419916
Stock
2.67 3.95 -3.09 -0.95544 1.081066 0.640672
Adjustments
Total Income 421.17 371.09 322.45 99.70316 101.5628 101.0606
Expenditure 0 0 0
Raw Materials 337.21 302.4 259.49 80.23561 82.76315 80.91422
Power & Fuel
0 0.58 0.53 0.163879 0.158739 0
Cost
Employee
18.62 15.79 13.63 4.214465 4.321528 4.467906
Cost
Other
Manufacturing 0 5.09 4.82 1.490368 1.39307 0
Expenses
Selling and
Admin 0 0.1 0.07 0.021644 0.027369 0
Expenses
Miscellaneous
24.4 9.9 8.69 2.686992 2.709508 5.854829
Expenses
Total
380.23 333.86 287.23 88.81296 91.37336 91.23695
Expenses

Operating 39.19 35.47 33.09 10.23159 9.707702 9.403719

Profit

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 PBDIT 40.94 37.23 35.22 10.8902 10.18939 9.823635
Interest 23.93 22.94 22.14 6.845799 6.278395 5.742052
PBDT 17.01 14.29 13.08 4.044402 3.910997 4.081584
Depreciation 5.67 5.06 5.21 1.610958 1.38486 1.360528
Profit Before
11.34 9.23 7.87 2.433444 2.526137 2.721056
Tax
PBT (Post
Extra-ord 11.34 9.23 7.87 2.433444 2.526137 2.721056
Items)
Tax 3.99 2.95 2.68 0.828669 0.807379 0.957409
Reported Net
7.35 6.26 5.17 1.59859 1.713285 1.763647
Profit
Total Value
43.03 31.47 27.76 8.583532 8.612951 10.32513
Addition
Preference
0 0 0 0 0 0
Dividend
Corporate
0 0 0 0 0 0
Dividend Tax
Per share data
0 0 0
(annualised)
Shares in issue
129.28 129.28 129.28 39.97403 35.38234 31.021
(lakhs)
Earning Per
5.69 4.84 4 1.23682 1.324648 1.365327
Share (Rs)
Book Value
104.13 98.44 93.61 28.94468 26.94181 24.9862
(Rs)

❖ Here in common size income statement analysis the net sales is stable but cost of
good sold is decreasing.It indicates that company is focusing to making profit by
reducing cost.

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 Comperative Income Statement Analysis

Different Different
Percentage Percentage
2019 2018 2017 of 2018- of 2017-
2018-19 2017-18
19 18
12 12 12
mths mths mths
Income
Sales
416.75 428.44 354.96 11.69 -73.48 2.728503 -20.7009
Turnover
Excise Duty 0 63.06 31.55 63.06 -31.51 100 -99.8732
Net Sales 416.75 365.38 323.41 -51.37 -41.97 -14.0593 -12.9773
Other Income 1.75 1.76 2.13 0.01 0.37 0.568182 17.37089
Stock
2.67 3.95 -3.09 1.28 -7.04 32.40506 227.8317
Adjustments
Total Income 421.17 371.09 322.45 -50.08 -48.64 -13.4954 -15.0845
Expenditure 0 0 #DIV/0! #DIV/0!
Raw Materials 337.21 302.4 259.49 -34.81 -42.91 -11.5112 -16.5363
Power & Fuel
0 0.58 0.53 0.58 -0.05 100 -9.43396
Cost
Employee
18.62 15.79 13.63 -2.83 -2.16 -17.9227 -15.8474
Cost
Other
Manufacturing 0 5.09 4.82 5.09 -0.27 100 -5.60166
Expenses
Selling and
Admin 0 0.1 0.07 0.1 -0.03 100 -42.8571
Expenses
Miscellaneous
24.4 9.9 8.69 -14.5 -1.21 -146.465 -13.9241
Expenses
Total
380.23 333.86 287.23 -46.37 -46.63 -13.8891 -16.2344
Expenses

Operating 39.19 35.47 33.09 -3.72 -2.38 -10.4877 -7.19251

Profit
PBDIT 40.94 37.23 35.22 -3.71 -2.01 -9.96508 -5.70698
Interest 23.93 22.94 22.14 -0.99 -0.8 -4.31561 -3.61337
PBDT 17.01 14.29 13.08 -2.72 -1.21 -19.0343 -9.25076

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 Depreciation 5.67 5.06 5.21 -0.61 0.15 -12.0553 2.879079
Profit Before
11.34 9.23 7.87 -2.11 -1.36 -22.8602 -17.2808
Tax
PBT (Post
Extra-ord 11.34 9.23 7.87 -2.11 -1.36 -22.8602 -17.2808
Items)
Tax 3.99 2.95 2.68 -1.04 -0.27 -35.2542 -10.0746
Reported Net
7.35 6.26 5.17 -1.09 -1.09 -17.4121 -21.0832
Profit
Total Value
43.03 31.47 27.76 -11.56 -3.71 -36.7334 -13.3646
Addition
Preference
0 0 0 0 0 #DIV/0! #DIV/0!
Dividend
Corporate
0 0 0 0 0 #DIV/0! #DIV/0!
Dividend Tax
Per share data
0 0 #DIV/0! #DIV/0!
(annualised)
Shares in issue
129.28 129.28 129.28 0 0 0 0
(lakhs)
Earning Per
5.69 4.84 4 -0.85 -0.84 -17.562 -21
Share (Rs)
Book Value
104.13 98.44 93.61 -5.69 -4.83 -5.78017 -5.15971
(Rs)

❖ Here in this analysis we can see their net sales is increasing at the
same time their cost of good sold also Increasing.It indicates that
company able to making profit but they need to reduce their expenses.

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 Common Size Balance Sheet Analyse

Percentage Percentage Percentage

2019 2018 2017
of 2019 of 2018 of 2017

12 12 12
mths mths mths

EQUITIES AND
LIABILITIES
SHAREHOLDER'S
FUNDS
Equity Share
12.93 12.93 12.93 4.181624 4.520821 4.635572
Capital
Preference Share
0 1.6 1.6 #DIV/0! #DIV/0! #DIV/0!
Capital
Total Share
12.93 14.53 14.53 #DIV/0! #DIV/0! #DIV/0!
Capital
Reserves and
121.69 114.33 108.09 126.2737 123.9081 120.4345
Surplus

Total Reserves
121.69 114.33 108.09 #DIV/0! #DIV/0! #DIV/0!
and Surplus

Total
Shareholders 134.62 128.86 122.62 139.6908 139.6554 136.624
Funds
NON-CURRENT
#DIV/0! #DIV/0! #DIV/0!
LIABILITIES

Long Term
17.28 13.4 10.51 1122.078 870.1299 366.2021
Borrowings

Deferred Tax
8.34 7.96 7.8 8.517157 8.485236 8.422417
Liabilities [Net]

Other Long Term

0.06 0.06 1.66 #DIV/0! #DIV/0! #DIV/0!
Liabilities

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 Long Term
1.15 1.05 1.09 225.4902 228.2609 247.7273
Provisions

Total Non-
Current 26.82 22.47 21.05 44.82701 41.89038 44.36249
Liabilities
CURRENT LIABILITIES 0 0 0

Short Term
64.13 60.68 53.35 314.8257 233.8343 211.2871
Borrowings

Trade Payables 71.57 65.84 69.91 #DIV/0! #DIV/0! #DIV/0!

Other Current
11.28 6.47 10.41 65.96491 61.67779 52.70886
Liabilities

Short Term
0.8 1.7 1.59 0.378627 0.884495 0.853371
Provisions

Total Current
147.77 134.69 135.26 47.78953 47.09276 48.49245
Liabilities

Total Capital And

309.21 286.01 278.93 #DIV/0! #DIV/0! #DIV/0!
Liabilities

ASSETS #DIV/0! #DIV/0! #DIV/0!

NON-CURRENT ASSETS #DIV/0! #DIV/0! #DIV/0!

Tangible Assets 96.37 92.27 89.75 #DIV/0! #DIV/0! #DIV/0!

Capital Work-In-
0 0 0 #DIV/0! 0 0
Progress
Fixed Assets 96.37 92.27 89.75 #DIV/0! #DIV/0! #DIV/0!

Long Term Loans

0 0 0 #DIV/0! 0 0
And Advances

Other Non-Current
1.54 1.54 2.87 #DIV/0! #DIV/0! #DIV/0!
Assets
Total Non-
97.92 93.81 92.61 #VALUE! #VALUE! #VALUE!
Current Assets
CURRENT ASSETS #DIV/0! #DIV/0! #DIV/0!

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 Current
0.51 0.46 0.44 #VALUE! #VALUE! #VALUE!
Investments
Inventories 59.83 53.64 47.45 #VALUE! 862.3794 788.206

Trade Receivables 113.48 101.66 93.43 #DIV/0! #DIV/0! #DIV/0!

Cash And Cash

20.37 25.95 25.25 #VALUE! 643.9206 626.5509
Equivalents

Short Term Loans

0 0 0 #DIV/0! #DIV/0! #DIV/0!
And Advances

OtherCurrentAssets 17.1 10.49 19.75 #VALUE! #VALUE! #VALUE!

Total Current
211.29 192.2 186.32 #VALUE! #VALUE! #VALUE!
Assets
Total Assets 309.21 286.01 278.93 #DIV/0! #DIV/0! #DIV/0!
OTHER ADDITIONAL
#VALUE! #VALUE! #VALUE!
INFORMATION
CONTINGENT
LIABILITIES, #VALUE! 0 0
COMMITMENTS
Contingent
0 0 0 #DIV/0! #DIV/0! #DIV/0!
Liabilities
CIF VALUE OF IMPORTS #DIV/0! #DIV/0! #DIV/0!

Raw Materials 0 1.75 2.72 #DIV/0! #DIV/0! #DIV/0!

EXPENDITURE IN
#DIV/0! #DIV/0! #DIV/0!
FOREIGN EXCHANGE

Expenditure In
0 0.12 0.02 #DIV/0! #DIV/0! #DIV/0!
Foreign Currency

REMITTANCES IN
FOREIGN CURRENCIES #DIV/0! #DIV/0! #DIV/0!
FOR DIVIDENDS

Dividend
Remittance In - - - #VALUE! #VALUE! #VALUE!
Foreign Currency

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 EARNINGS IN FOREIGN
#DIV/0! #DIV/0! #DIV/0!
EXCHANGE
FOB Value Of
- - - #VALUE! #VALUE! #VALUE!
Goods
Other Earnings - 6.22 6.02 #VALUE! #DIV/0! #DIV/0!
BONUS DETAILS #DIV/0! #DIV/0! #DIV/0!

Bonus Equity
- 4.03 4.03 #VALUE! #DIV/0! #DIV/0!
Share Capital

NON-CURRENT
#DIV/0! #DIV/0! #DIV/0!
INVESTMENTS
Non-Current
Investments
- - - #VALUE! #VALUE! #VALUE!
Quoted Market
Value

Non-Current
Investments
- - - #VALUE! #VALUE! #VALUE!
Unquoted Book
Value

CURRENT
#DIV/0! #DIV/0! #DIV/0!
INVESTMENTS
Current
Investments
- - - #VALUE! #VALUE! #VALUE!
Quoted Market
Value

Current
Investments
- 0.46 0.44 #VALUE! #DIV/0! #DIV/0!
Unquoted Book
Value

❖ Here in this analysis the company long term liability is stable at the same time
fixed asset is increasing also current asset is increasing.So the company is running
well

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 Comperative Balance Sheet Analysis

Differe Percenta Percent

Difference
2019 2018 2017 nce of ge of age of
of 17-18
18-19 2018-19 2017-18

12 12 12
mths mths mths

EQUITIES AND
LIABILITIES
SHAREHOLDER'S
FUNDS
Equity Share 12.9 12.9 12.9
0 0 0 0
Capital 3 3 3
Preference
0 1.6 1.6 1.6 0 100 0
Share Capital
Total Share 12.9 14.5 14.5
1.6 0 11.0117 0
Capital 3 3 3
Reserves and 121. 114. 108. -
-7.36 -6.24 -5.77297
Surplus 69 33 09 6.43751

Total Reserves 121. 114. 108. -

-7.36 -6.24 -5.77297
and Surplus 69 33 09 6.43751

Total
134. 128. 122. -
Shareholders -5.76 -6.24 -5.08889
62 86 62 4.46997
Funds
NON-CURRENT
0 0 #DIV/0! #DIV/0!
LIABILITIES
Long Term 17.2 10.5 -
13.4 -3.88 -2.89 -27.4976
Borrowings 8 1 28.9552
Deferred Tax
-
Liabilities 8.34 7.96 7.8 -0.38 -0.16 -2.05128
4.77387
[Net]
Other Long
Term 0.06 0.06 1.66 0 1.6 0 96.38554
Liabilities
Long Term -
1.15 1.05 1.09 -0.1 0.04 3.669725
Provisions 9.52381

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 Total Non-
26.8 22.4 21.0 -
Current -4.35 -1.42 -6.74584
2 7 5 19.3591
Liabilities
CURRENT
0 0 #DIV/0! #DIV/0!
LIABILITIES
Short Term 64.1 60.6 53.3 -
-3.45 -7.33 -13.7395
Borrowings 3 8 5 5.68556
71.5 65.8 69.9 -
Trade Payables -5.73 4.07 5.821771
7 4 1 8.70292
Other Current 11.2 10.4 -
6.47 -4.81 3.94 37.84822
Liabilities 8 1 74.3431
Short Term 52.9411
0.8 1.7 1.59 0.9 -0.11 -6.91824
Provisions 8
Total Current 147. 134. 135. -
-13.08 0.57 0.421411
Liabilities 77 69 26 9.71119

Total Capital 309. 286. 278.

-23.2 -7.08 -8.1116 -2.53827
And Liabilities 21 01 93

ASSETS 0 0 #DIV/0! #DIV/0!

NON-CURRENT
0 0 #DIV/0! #DIV/0!
ASSETS
Tangible 96.3 92.2 89.7 -
-4.1 -2.52 -2.8078
Assets 7 7 5 4.44348
Capital Work-
0 0 0 0 0 #DIV/0! #DIV/0!
In-Progress
96.3 92.2 89.7 -
Fixed Assets -4.1 -2.52 -2.8078
7 7 5 4.44348
Long Term
Loans And 0 0 0 0 0 #DIV/0! #DIV/0!
Advances
Other Non-
1.54 1.54 2.87 0 1.33 0 46.34146
Current Assets
Total Non- 97.9 93.8 92.6
-4.11 -1.2 -4.3812 -1.29576
Current Assets 2 1 1
CURRENT ASSETS 0 0 #DIV/0! #DIV/0!
Current -
0.51 0.46 0.44 -0.05 -0.02 -4.54545
Investments 10.8696
59.8 53.6 47.4 -
Inventories -6.19 -6.19 -13.0453
3 4 5 11.5399
Trade 113. 101. 93.4
-11.82 -8.23 -11.627 -8.80873
Receivables 48 66 3

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 Cash And Cash 20.3 25.9 25.2 21.5028
5.58 -0.7 -2.77228
Equivalents 7 5 5 9
Short Term
Loans And 0 0 0 0 0 #DIV/0! #DIV/0!
Advances
OtherCurrentA 10.4 19.7 -
17.1 -6.61 9.26 46.88608
ssets 9 5 63.0124
Total Current 211. 192. 186. -
-19.09 -5.88 -3.15586
Assets 29 2 32 9.93236
309. 286. 278.
Total Assets -23.2 -7.08 -8.1116 -2.53827
21 01 93
OTHER
ADDITIONAL 0 0 #DIV/0! #DIV/0!
INFORMATION
CONTINGENT
LIABILITIES, 0 0 #DIV/0! #DIV/0!
COMMITMENTS
Contingent
0 0 0 0 0 #DIV/0! #DIV/0!
Liabilities
CIF VALUE OF
0 0 #DIV/0! #DIV/0!
IMPORTS
Raw Materials 0 1.75 2.72 1.75 0.97 100 35.66176
EXPENDITURE IN
FOREIGN 0 0 #DIV/0! #DIV/0!
EXCHANGE
Expenditure In
Foreign 0 0.12 0.02 0.12 -0.1 100 -500
Currency
REMITTANCES IN
FOREIGN
0 0 #DIV/0! #DIV/0!
CURRENCIES FOR
DIVIDENDS
Dividend
Remittance In #VALU #VALU #VALU
- - - #VALUE!
Foreign E! E! E!
Currency
EARNINGS IN
FOREIGN 0 0 #DIV/0! #DIV/0!
EXCHANGE
FOB Value Of #VALU #VALU #VALU
- - - #VALUE!
Goods E! E! E!
#VALU #VALU
Other Earnings - 6.22 6.02 -0.2 -3.32226
E! E!
BONUS DETAILS 0 0 #DIV/0! #DIV/0!

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 Bonus Equity #VALU #VALU
- 4.03 4.03 0 0
Share Capital E! E!
NON-CURRENT
0 0 #DIV/0! #DIV/0!
INVESTMENTS
Non-Current
Investments #VALU #VALU #VALU
- - - #VALUE!
Quoted Market E! E! E!
Value
Non-Current
Investments #VALU #VALU #VALU
- - - #VALUE!
Unquoted E! E! E!
Book Value
CURRENT
0 0 #DIV/0! #DIV/0!
INVESTMENTS
Current
Investments #VALU #VALU #VALU
- - - #VALUE!
Quoted Market E! E! E!
Value
Current
Investments #VALU #VALU
- 0.46 0.44 -0.02 -4.54545
Unquoted E! E!
Book Value

❖ Here in this analysis the company collecting the fund by long term liability. Long
time liability is stable and spending the fund on increasing fixed asset.So
company in a growing stage.

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 Ratio Analysis

Particulers FY 2019 FY 2018 FY 2017

Current Ratio 1.43 1.43 1.38
Debtors Turnover 3.87 3.75 3.44
Ratio
Earning Per Share 5.70 4.83 3.95
Net Profit 1.76 1.71 1.44
Debt Equity Ratio 0.60 0.59 0.54

• Current Ratio = Current Asset

Current Liabilities

Interpretation: The ideal current ratio is 2:1 and the company satisfies the ideal ratio
in FY 19 but they need to focus on their liability and they should decrese their liability ,
However it does not meet the criteria of ideal in the FY 18 and FY 17.

● Debtor Turnover Ratio = Credit Sales

Average Debtor

Interpretation: The ratio is used to measure how effective a company is at extending

credits and collecting debts. Generally, the higher the accounts receivable turnover ratio,
the more efficient your business is at collecting credit from your customers. However
company efficiency is depleting year on year.Company Debtor Turnover Ratio is
increasing it indicates company having a good quality of debtors and they are able to
collect money from the debtors.

● Earing Per Share = Net Profit after tax – Preference dividend

Total number of equity shares

Interpretation: Earnings per share is a company's profit divided by the number of

common stock shares it has outstanding. EPS shows how much money a company makes
for each share of its stock. If a company has high earnings per share, it means it has more
money available to either reinvest in the business or distribute to stockholders in the form
of dividend payments.In this company 2018 to 2019 their EPS is increased that means
company is growing,they have a good position in the market.

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● Net Profit (%) = Net ProfitX 100
Net Sale

Interpretation: Company is in the range of good to average net profit ratios. This ratio
reveals the remaining profit after all costs of production, administration, and financing
have been deducted from sales, and income taxes recognized. A good margin will vary
considerably by industry, but as a general rule of thumb, a 10% net profit margin is
considered average, a 20% margin is considered high (or “good”), and a 5% margin is
low.

● Debit Equity Ratio = Total Liabilities

Total Equity

Interpretation: Company debt to equity ratio is not ideal. The debt to equity ratio is a
financial, liquidity ratio that compares a company's total debt to total equity. A
higher debt to equity ratio indicates that more creditor financing (bank loans) is used
than investor financing (shareholders). A good debt to equity ratio is around 1 to 1.5.
Their debt is increasing slowly per year.It indicates their liability is increasing per year.

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