Century

CENT
URY PLYBOARDS (I)LTD.
Department of business management, sankalchand patel

college of engineering,visnagar
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1.1 Name of Company:
The Name of the Company is CENTURY PLYBOARDS (I) LTD.
1.2 Establishment Year:
CENTURY PLYBOARDS (I) LTD was established in 1986 in Kolkata (then

Calcutta) ,India.
1.3 Auditors:
The Auditor of the Company is
S.R. Batliboi & Co.

Chartered Accountants
22,Camac Street
Block ‘C’,3rd Floor
Kolkata-700 016
1.4 Board of Directors:
The Board of Directors of the Company are

Sri Satya Brata Ganguly ( Chairman )
Sri Hari Prasad Agarwal ( Vice Chairman )
Sri Sajjan Bhajanka (Managing Director )
Sri Sanjay Agarwal ( Jt. Managing Director )
Sri Prem Kumar Bhajanka ( Jt. Managing Director )
Sri Vishanu Khemani ( Jt. Managing Director )
Sri Ajay Baldawa (Executive Director )
Sri Manindra Nath Banerjee (Director )
Sri Mangi Lal Jain (Director)
Sri Sajan Kumar Bansal (Director)
Sri Brij Bhushan Agarwal ( Director)
Ms Plistina Dhkar ( Director )
1.5 Registered Office:

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The Registered Office of the company is located in
6, Lyoms Range
Kolkata-700001
1.6 Bankers:
The Bankers of the Company are
State Bank Of India

Commercial Branch
N.S. Road, Kolkata-700 001
UCO Bank
Flagship Corporate Centre
N.S.Road, Kolkata-700 001
Oriental Bank Of Commerce

Park Street Branch
Kolkata-700 016
Corporation Bank
38&39, Whites Road
Chennai- 600 014
1.7 CFO & Company Secretary:
The CFO & Secretary of the Company is
Sri A.K. Julasaria
1.8 Registrars & Share Transfer Agents:
Maheshwari Datamatics Pvt Ltd.

6, Mangoe Lane, 2nd Floor
Kolkata- 700 001
1.9 Vision & Mission of the company:
1. Vision:

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Continue to remain the best Plywood-Panel Corporation in India with

Growth in allied areas.
2. Mission:
• To provided utmost satisfaction to the consumer through best quality and

customer care
• To continuously upgrade the product through innovations and convergence of
new technology and to produce the best quality at the lowest cost
• To safeguard and enhance shareholder value
• To respect the dignity of all employees and together to become instrumental in
the development of the country while protecting the environment
• To utilise the surpluses for the welfare of employees and the society at large
1.10 Scale & Form of Organization:
Industry involves the production of goods and materials while commerce is

concern distribution. Industries may be classified with respect to.
Nature
Ownership
Size
The classification on the basis of scale are as under:

Small scale up to 1crores
Medium scale 1crores to 5crores
Large scale more than 5crores
On the above Investment of the Company is more than 5crores. So we can say
that “CENTURY PLYBOARDS (I) LTD” is a Large scale industry.

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1.11 Brief History:
Century Plyboards (I) Ltd., makers of the well-known

‘Centuryply’ brand of Plywood and decorative veneers, was set up in 1986 in Kolkata, a
joint effort of Mr. Sajjan Bhajanka and Mr. Sanjay Agarwal. The largest seller of
plywood and decorative veneers in the Indian organized plywood market, Centuryply
today is the leading brand and in its short duration of existence has created a special
niche for itself in the industry.
Century Plyboards (I) Ltd. has the distinction of becoming the
first ISO 9002 company in India for Veneer and Plywood. Beside this Century has
proved to be the pioneer in number of ways. In 1997, CPIL was the first to introduce the
borer proof plywood in India. Over the years Centuryply has introduced the boiling water
resistant decorative veneer, seven-year powder proof guaranteed PF plywood, the
revolutionary non – leachable Firesafe plywood. The year 2002 brought another laurel to
Centuryply when Flexoply, the only flexible plywood variety was introduced. Later,
Architect Ply and the Fantasy range of decorative veneer were introduced in India.
In the year 2004, Centuryply’s laminate plant started
operation. The best quality laminates ‘Centuryply Mica’ started rolling out and was an
instant hit in the market due to its quality and the brand equity of Centuryply.
The moment of pride came in when the Hon’ble Chief
Minister of West Bengal, Shree Buddhadev Bhattacharjee inaugurated the Pre – Lam
particleboard plant on March 26th 2005. Centuryply also started manufacturing Hi –
Pressure Laminates, Pre- Laminated Particle Board and MDF and with this Centuryply
completed the full range of manufacturing of plywood and veneer related items. Today
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Centuryply stands as a one point-manufacturing unit of all kind of plywood related items.
Centuryply, after its inception in 1986, never looked back
and has created a name today, which ensures quality and return worth every penny spent
by the customer. Centuryply has, over the years, maintained a consistent growth rate.
Centuryply was adjudged the Fastest Growing Company with the Highest Turnover by
the famous Journal ‘Construction World’ in the year 2003 and 2006. The Centre for
Monitoring Indian Economy (CMIE) has also given Centuryply the top position in its
surveys.
1.13 Future Plan Of Expansion:
Considering buoyant demand for the products and marketing

strength of “ Centuryply” brand, the company has plan for green field expansions,
mergers and acquisition. The company will implement its plans to set up medium
Density Fibre (MDF) Board units, in Punjab, Uttarkhand and North eastern states and a
Greenfield plywood unit in Punjab at appropriate time.
The company is also increasing its focus on logistic services
sector. The company is already operating a jetty at Falta, South 24 Parganas, West
Bengal with Ministry or Commerce, Govt. of India. The company is now developing
Container Freight Stations(CFS) near kolkata Port. Out of total plan of developing
approx. 1 lac sq. m. area as CFS, approx. 200sq.m.has already been developed and has
become operative in February, 2009. The remaining area is expected to become operative
in the current financial year.
The subsidiaries of the company are also having ambitious
growth plans. CMCL is proposing to expand its cement manufacturing capacity from 1
million to 4.20 million MT per annum, with adequate captive power capacity.
1.14 Products of the Company:
The Products of the Company are

• Plywood
 Architect Ply
 Fire Safe Plywood
 Flexible Plywood
 Decorative Natural Plywood
 Marine Grade Plywood
 Shuttering & Film Faced plywood
• Laminates

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• Decorative Veneers
• Decorative
Architect Ply

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3.1 COMPARATIVE STATEMENT ANALYSIS
BALANCE SHEET OF 2006-07 AND 2007-08
2006- Increase Increase

Particular Schedule 2007-08 07 /decrease /decrease
(Rs. In
lacs) (% Change)
A SOURCES OF FUNDS
Shareholders’ Funds
Share capital A 1980.08 1980 0.08 0.004040404
Share capital suspense AA 295.19 0 295.19 0
Reserve & surplus B 14054.58 9791 4263.58 43.54590951
16329.85 11771 4558.85 38.72950471
Loan Funds
Secured loans C 12855.96 10547 2308.96 21.89210202
Unsecured loans D 683.72 4.39 679.33 15474.48747
13539.68 10986 2553.68 23.24485709
Deferred tax liability(net) 411.63 331 80.63 24.35951662
30281.16 23088 7193.16 31.15540541
B APPLICATION OF FUND

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Fixed assets
Gross block E 15488.23 11552 3936.23 34.07401316
Less:Depreciation 6361.75 3986 2375.75 59.60235825
Net block 9126.48 7566 1560.48 20.62490087
capital work in progress 107.95 120 -12.05 -10.04166667
capital expenditure on new projects F 123.58 0 123.58 0
9358.01 7686 1672.01 21.75396825
Investments G 3283.97 3638 -354.03 -9.731445849
Current Assets,Loans & Advances
Inventories H 12770.41 7414 5356.41 72.24723496
Sundry debtors I 10644.48 6100 4544.48 74.49967213
Cash and bank balances J 1492.92 1204 288.92 23.99667774
Other current assets K 666.64 0 666.64
Loans and advances L 3160.05 2923 237.05 8.109818679
28734.5 17641 11093.5 62.8847571
Less: current liabilities and
provisions M
Current liabilities 9896.98 5843 4053.98 69.38182441
provisions 1217.78 45 1172.78 2606.177778
11114.76 5888 5226.76 88.76970109
Net current assets 17619.74 11753 5866.74 49.91695737
Miscellaneous expenditure N 19.44 11 8.44 76.72727273
(to the extent not written off)
30281.16 23088 7193.16 31.15540541
BALANCE SHEET OF 2007-08 AND 2008-09
Schedul Increase / Increase

Particular e 2008-09 2007-08 decrease /decrease
(Rs. In (%
lacs) Change)
A SOURCES OF FUNDS
Share capital A 2275.27 1980.08 295.19 14.90798352
Share capital suspense AA 0 295.19 -295.19 -100
Reserve & surplus B 14599.13 14054.58 544.55 3.874537695
16874.4 16329.85 544.55 3.334690766
Loan Funds
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Secured loans C 19793.72 12855.96 6937.76 53.96532037
Unsecured loans D 0 683.72 -683.72 -100
19793.72 13539.68 6254.04 46.1904565
-
Deferred tax liability(net) 6.69 411.63 -404.94 98.37475403
36674.81 30281.16 6393.65 21.1142836
B APPLICATION OF FUND
Fixed assets
Gross block E 17306.77 15488.23 1818.54 11.74143204
Less:Depreciation 7986.84 6361.75 1625.09 25.54470075
Net block 9319.93 9126.48 193.45 2.119656209
-
capital work in progress 44.6 107.95 -63.35 58.68457619
capital expenditure on new
projects F 1872.9 123.58 1749.32 1415.536495
11237.43 9358.01 1879.42 20.0835434
Investments G 4199.17 3283.97 915.2 27.86870769
Current Assets,Loans &
Advances
-
Inventories H 12009.2 12770.41 -761.21 5.960732662
-
Sundry debtors I 8395.53 10644.48 -2248.95 21.12785218
Cash and bank balances J 1863.26 1492.92 370.34 24.80641963
-
Other current assets K 602.75 666.64 -63.89 9.583883355
Loans and advances L 4571.83 3160.05 1411.78 44.67587538
-
27442.57 28734.5 -1291.93 4.496093546
Less: current liabilities and
provisions M
-
Current liabilities 5394.57 9896.98 -4502.41 45.49276648
-
provisions 809.79 1217.78 -407.99 33.50276733
-
6204.36 11114.76 -4910.4 44.17909159
Net current assets 21238.21 17619.74 3618.47 20.53645513
Miscellaneous expenditure N 0 19.44 -19.44 -100
36674.81 30281.16 6393.65 21.1142836
PROFIT & LOSS OF 2006-07 AND 2007-08
Particular Schedul 2007- 2006 Increase / Increase

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-
e 08 2007 decrease /decrease
(Rs. In
lacs) (% Change)
Income
Sales 63348.51 44684 18664.51 41.77000716
Less: Excise duty 3761.64 2160 1601.64 74.15
Less: Sales tax 5443.63 3373 2070.63 61.3883783
Net Sales 54143.24 39153 14990.24 38.28631267
other Income 807.87 556 251.87 45.30035971
54961.11 39706 15255.11 38.4201632
Expenditure
Inc./dec. in stock -1153.66 -88 -1065.66 1210.977273
Excise Duty 19.56 19.56
Cost of Material 33138.9 25212 7926.9 31.44098049
Operating,Admi,& Selling Exp. 11014.34 8231 2783.34 33.81533228
Personnel Exp. 3116.32 1661 1455.32 87.61709813
Depreciation 1392.75 1257 135.75 10.79952267
Interest & charges 1226.38 792 434.38 54.8459596
48754.59 37065 11689.59 31.53808175
PBT & Exceptional items 6196.52 2641 3555.52 134.6277925
Less: Exceptional items 0 0 0 0
Profit Before Tax 6196.52 2641 3555.52 134.6277925
curr. Tax 1631.86 464 1167.86 251.6939655
FBT 64.91 45 19.91 44.24444444
Defe. Tax 37.32 -115 152.32 -132.4521739
Profit After Tax 4462.43 2247 2215.43 98.59501558
Add. Balance brought forwad from
previous yeasthrough b 4930.38 3653 1277.38 34.96797153
Add. Bal.in P&L brought forwad 477.54 0 477.54
Profit for Appropriation 9870.35 5697 4173.35 73.25522205
Less: Transfer to G.R 450 204 246 120.5882353
Proposed Div. on Pref. Share 4.5 0 4.5
Proposed Div. on Equity Share 1110.86 494 616.86 124.8704453
Corporation tax on Div. 0 69 -69 -100
bal. carried to balancs sheet 8304.99 4930 3374.99 68.45821501
9870.35 5697 4173.35 73.25522205
Basic & Diluted Earning per Share 2.01 1.34 0.67 50
PROFIT & LOSS OF 2007-08 AND 2008-09
Particular Schedul 2008-09 2007-08 Increase / Increase /

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e decrease decrease
(Rs. In (%
lacs) Change)
Income
Sales 73821.33 63348.51 10472.82 16.53206997
Less: Excise duty 3847.38 3761.64 85.74 2.279324975
Less: Sales tax 5204.89 5443.63 -238.74 -4.38567647
Net Sales 64769.06 54143.24 10625.82 19.62538629
other Income 2310.45 807.87 1502.58 185.9927959
67079.51 54961.11 12118.4 22.04904522
Expenditure
-
Inc./dec. in stock 369.29 -1153.66 1522.95 132.0102977
-
Excise Duty -93.71 19.56 -113.27 579.0899796
Cost of Material 40557.48 33138.9 7418.58 22.3863194
Operating,Admi,& Selling Exp. 14000.94 11014.34 2986.6 27.11556026
Personnel Exp. 4717.7 3116.32 1601.38 51.38689223
Depreciation 1691.86 1392.75 299.11 21.47621612
Interest & charges 1755.24 1226.38 528.86 43.12366477
62998.8 48754.59 14244.21 29.2161415
-
PBT & Exceptional items 4080.71 6196.52 -2115.81 34.14513307
Less: Exceptional items 3266.61 0 3266.61 0
Profit Before Tax 814.1 6196.52 -5382.42 -86.8619806
-
curr. Tax 38.21 1631.86 -1593.65 97.65850012
FBT 69.59 64.91 4.68 7.209983053
-
Defe. Tax -404.94 37.32 -442.26 1185.048232
-
Profit After Tax 1111.24 4462.43 -3351.19 75.09787268
previous yeasthrough b 8304.99 4930.38 3374.61 68.4452314
Add. Bal.in P&L brought forwad 0 477.54 -477.54 -100
-
Profit for Appropriation 9416.23 9870.35 -454.12 4.600850021
-
Less: Transfer to G.R 111.12 450 -338.88 75.30666667
Proposed Div. on Pref. Share 4.5 4.5 0 0
Proposed Div. on Equity Share 555.43 1110.86 -555.43 -50
Corporation tax on Div. 0 0 0 0
bal. carried to balancs sheet 8745.18 8304.99 440.19 5.300307406
-
9416.23 9870.35 -454.12 4.600850021
-
Basic & Diluted Earning per Share 0.5 2.01 -1.51 75.12437811

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3.2 COMMON SIZE STATEMENT ANALYSIS
BALANCE SHEET OF 2006-07 ,2007-08, 2008-09
2008- 2007- 2006- %

PARTICULAR SCH 09 % change 08 % change 07 change
A SOURCES OF
FUNDS
Share capital A 2275.27 6.203903988 1980.08 6.538983315 1980 8.575883576
Share capital suspense AA 0 0 295.19 0.974830555 0 0
Reserve & surplus B 14599.13 39.80696833 14054.58 46.41361163 9791 42.40731116
16874.4 46.01087231 16329.85 53.9274255 11771 50.98319473
Loan Funds
Secured loans C 19793.72 53.97088628 12855.96 42.45530885 10547 45.68173943
Unsecured loans D 0 0 683.72 2.257905576 4.39 0.019014207
19793.72 53.97088628 13539.68 44.71321442 10986 47.58316008
Deferred tax liability(net) 6.69 0.018241403 411.63 1.359360077 331 1.433645184
36674.81 100 30281.16 100 23088 100
B APPLICATION OF
FUND
Fixed assets
Gross block E 17306.77 47.18980139 15488.23 51.14807359 11552 50.03465003
Less:Depreciation 7986.84 21.77745433 6361.75 21.00893757 3986 17.26437976
Net block 9319.93 25.41234706 9126.48 30.13913602 7566 32.77027027
capital work in progress 44.6 0.121609355 107.95 0.356492288 120 0.51975052
capital expenditure on
new projects F 1872.9 5.106774923 123.58 0.40810854 0 0
11237.43 30.64073134 9358.01 30.90373684 7686 33.29002079
Investments G 4199.17 11.44973894 3283.97 10.844928 3638 15.75710326
Current Assets,Loans &
Advances
Inventories H 12009.2 32.74509125 12770.41 42.17278995 7414 32.11191961
Sundry debtors I 8395.53 22.89181594 10644.48 35.15215401 6100 26.42065142
Cash and bank
balances J 1863.26 5.080489851 1492.92 4.93019422 1204 5.214830215
Other current assets K 602.75 1.64349863 666.64 2.201500867 0 0
Loans and advances L 4571.83 12.46585872 3160.05 10.43569665 2923 12.66025641
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27442.57 74.82675439 28734.5 94.8923357 17641 76.40765766

Less: current liabilities
and provisions M
Current liabilities 5394.57 14.70919686 9896.98 32.68362242 5843 25.30751906
provisions 809.79 2.208027799 1217.78 4.021576452 45 0.194906445
6204.36 16.91722466 11114.76 36.70519888 5888 25.5024255
Net current assets 21238.21 57.90952973 17619.74 58.18713682 11753 50.90523216
Miscellaneous
expenditure N 0 0 19.44 0.064198333 11 0.047643798
(to the extent not written
off)
36674.81 100 30281.16 100 23088 100
PROFIT & LOSS OF 2006-07 ,2007-08, 2008-09
2008- 2007- 2006- %

PARTICULAR SCH 09 % change 08 % change 07 change
Income
Sales 73821.33 110.0504908 63348.51 115.2606088 44684 112.537148
Less: Excise duty 3847.38 5.735551736 3761.64 6.844184915 2160 5.439983882
Less: Sales tax 5204.89 7.759284467 5443.63 9.904512482 3373 8.494937793
Net Sales 64769.06 96.55565463 54143.24 98.51191142 39153 98.60726339
other Income 2310.45 5.696729678 807.87 1.469893894 556 1.400292147
67079.51 100 54961.11 100 39706 100
Expenditure
- -
Inc./dec. in stock 369.29 0.550525786 -1153.66 2.099047854 -88 0.221628973
Excise Duty -93.71 -0.13969989 19.56 0.035588801 0
Cost of Material 40557.48 60.46180123 33138.9 60.29517963 25212 63.49670075
Operating,Admi,& Selling
Exp. 14000.94 20.87215604 11014.34 20.040243 8231 20.7298645
Personnel Exp. 4717.7 7.03299711 3116.32 5.670045601 1661 4.183246864
Depreciation 1691.86 2.522171077 1392.75 2.534064541 1257 3.165768398
Interest & charges 1755.24 2.616655965 1226.38 2.231359592 792 1.994660757
62998.8 93.91660732 48754.59 88.70743331 37065 93.3486123
PBT & Exceptional
items 4080.71 6.083392678 6196.52 11.27437201 2641 6.6513877
Less: Exceptional items 3266.61 4.869758291 0 0 0 0
Profit Before Tax 814.1 1.213634387 6196.52 11.27437201 2641 6.6513877
curr. Tax 38.21 0.056962253 1631.86 2.969117618 464 1.16858913
FBT 69.59 0.103742559 64.91 0.11810169 45 0.113332998
-
Defe. Tax -404.94 -0.60367167 37.32 0.067902559 -115 0.289628771
Profit After Tax 1111.24 1.656601248 4462.43 8.119250139 2247 5.659094343
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Add. Balance brought forwad
from
previous
yeasthrough 8304.99 12.38081495 4930.38 8.970670352 3653 9.200120889
Add. Bal.in P&L brought
forwad 0 0 477.54 0.868868915 0 0
Profit for Appropriation 9416.23 14.03741619 9870.35 17.95878941 5697 14.34795749
Less: Transfer to G.R 111.12 0.165654162 450 0.818760756 204 0.513776255
Proposed Div. on Pref.
Share 4.5 0.006708457 4.5 0.008187608 0 0
Proposed Div. on Equity
Share 555.43 0.828017378 1110.86 2.021174609 494 1.244144462
Corporation tax on Div. 0 0 0 0 69 0.173777263
bal. carried to balancs
sheet 8745.18 13.0370362 8304.99 15.11066643 4930 12.41625951
9416.23 14.03741619 9870.35 17.95878941 5697 14.34795749
Basic & Diluted Earning
per Share 0.5 0.000745384 2.01 0.003657131 1.34 0.003374805
3.3 TREND ANALYSIS
BALANCE SHEET OF 2006-07 ,2007-08, 2008-09
Particular 2006-07 2007-08 2008-09

A.SOURCES OF FUNDS
Share capital 1980 1980.08 2275.27
Index 100 100.0040404 114.9126
share capital suspense 0 295.19 0
Index 100 0 0
Reserve and surplus 9791 14054.58 14599.13
Index 100 143.5459095 149.1076
11771 16329.85 16874.4
Loan Funds
Secured loans 10547 12855.96 19793.72
Index 100 121.892102 187.6716
Unsecured loans 4.39 683.72 0
Index 100 15574.49 0
Deferred tax liabilities ( Net ) 331 411.63 6.69

Index 100 124.36 2.02

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B.APPLICATION OF FUND
Fixed Assets
Gross block 11552 15488.2 17306.77
Index 100 134.07 149.82
Less:Depreciation 3986 6361 7986.84
Index 100 159.58 200.37
net block 7566 9126.48 9319.93
Index 100 120.62 123.18
capital work in progress 120 107.95 44.6
Index 100 89.96 37.17
capital expenditure on new projects 0 123.58 1872.9
Index 100 0 0
Investments 3638 3283.97 4199.17
Index 100 90.27 115.43
Current Assets,Loans & Advances
Inventories 7414 12770.41 12009.2
Index 100 172.25 161.98
Sundry debtors 6100 10644.48 8395.53
Index 100 174.5 137.63
Cash and bank balances 1204 1492.92 1863.26
Index 100 123.99 154.76
other current assets 0 666.64 602.75
Index 100 0 0
loans and advances 2923 3160.05 4571.83
Index 100 108.11 156.41
Less:Current Liabialities and Provisions
Current liabilities 5843 9896.98 5394.57
Index 100 169.38 92.33
Provisions 45 1217.78 809.79
Index 100 2706.18 1799.53
5888 11114.76 6204.36
Index 100 188.77 105.37
Net Current Assets 11753 17619.74 21238.21
Index 100 149.92 180.7
Miscellaneous expenditure 11 19.44 0
Index 100 176.73 0
23088 30281.16 36674.81
Index 100 131.16 158.85

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PROFIT & LOSS OF 2006-07 ,2007-08, 2008-09
Schedul
Particular e 2008-09 2007-08 2006-2007
Income
Sales 73821.33 63348.51 44684
Index 100 85.8132873 60.52993085
Less: Excise duty 3847.38 3761.64 2160
Index 100 97.77147046 56.1421019
Less: Sales tax 5204.89 5443.63 3373
Index 100 104.5868405 64.80444351
Net Sales 64769.06 54143.24 39153
Index 100 83.59429641 60.45015938
other Income 2310.45 807.87 556
Index 100 34.96591573 24.06457616
67079.51 54961.11 39706
Index 100 81.93427471 59.19244192
Expenditure
Inc./dec. in stock 369.29 -1153.66 -88
index 100 -312.399469 -23.82951068
Excise Duty -93.71 19.56 0
Index 100 -20.8729058 0
Cost of Material 40557.48 33138.9 25212
Index 100 81.70847893 62.16362555
Operating,Admi,& Selling Exp. 14000.94 11014.34 8231
Index 100 78.66857511 58.78890989
Personnel Exp. 4717.7 3116.32 1661
Index b 100 66.05591708 35.20783433
Depreciation 1691.86 1392.75 1257
Index 100 82.32064119 74.29692764
Interest & charges 1755.24 1226.38 792
Index 100 69.86964746 45.12203459
62998.8 48754.59 37065
Index 100 77.38971218 58.83445399
PBT & Exceptional items 4080.71 6196.52 2641
Index 100 151.8490655 64.71912976
Less: Exceptional items 3266.61 0 0
Index 100 0 0
Profit Before Tax 814.1 6196.52 2641
Index 100 761.1497359 324.407321
curr. Tax 38.21 1631.86 464
Index 100 4270.766815 1214.341795
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FBT 69.59 64.91 45
Index 100 93.27489582 64.66446328
Defe. Tax l -404.94 37.32 -115
Index 100 -9.21618017 28.39926903
Profit After Tax 1111.24 4462.43 2247
Index 100 401.5721176 202.206544
previous yeasthrough a 8304.99 4930.38 3653
Index 100 59.36647726 43.98560384
Add. Bal.in P&L brought forwad 0 477.54 0
Index 100 #DIV/0! 0
Profit for Appropriation 9416.23 9870.35 5697
Index 100 104.8227369 60.50192062
Less: Transfer to G.R 111.12 450 204
Index 100 404.9676026 183.5853132
Proposed Div. on Pref. Share 4.5 4.5 0
Index 100 100 0
Proposed Div. on Equity Share 555.43 1110.86 494
Index 100 200 88.94010046
Corporation tax on Div. 0 0 69
Index 100 #DIV/0! #DIV/0!
bal. carried to balancs sheet 8745.18 8304.99 4930
Index 100 94.96648439 56.37391111
9416.23 9870.35 5697

Index 100 104.8227369 60.50192062
Basic & Diluted Earning per Share 0.5 2.01 1.34
Index 100 402 268
3.4 RATIO ANALYSIS
RATIO ANALYSIS:
The ratio analysis is carried out under the following various subtopics. These
subtopics will be explained one by one.
 Profitability Ratio
A) MARGIN ON SALES:
1) Gross Profit Margin:-
Such ratio helps in understanding the profitability of the business from

the basic operations. It is a ratio expressing relationship between gross profits earned
to operating income. It is a useful indication of the profitability of business.

20
CENT
This ratio should be high as far as possible. If the ratio is low, it indicates
that the cost of sales is high or that the buying is inefficient. It means the profit is high
or cost is low.
Gross Profit Margin = Gross Profit

Net sales *100
G.P= Sales - cogs
2008.2009 24211.58
64769.06 *100
=37.38 %
2007.2008 21004.34
54143.24 *100
=38.79%
2006.2007 13941
39153 *100
=35.61%
`
Interpretation:-
Gross profit margin ratio of the Century plyboard (I) Limited is 35.61% in
2006-07 and in 2007-08 it was 38.79% and it was increased in present time at 37.38%
as compared to 2006-07. So the profitability of company is good in 2007-08 as
compared to 2008-09. This ratio should be high as far as possible. If the ratio is low, it
indicates that the cost of sales is high or that the buying is inefficient. It means the
profit is high or cost is low.
2) Operating profit margin:

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CENT
It is a ratio showing relationship between operating profit and net

sales. It shows the efficiency of the management. The higher the ratio, higher profit
available to the proprietor. This ratio is usually expressed as a percentage.
Operating Profit
Net sales *100
Operating Profit =G.P –total Operating Exp.
2008-09=
4) PBT: Profit before tax*100

Net sales
2008-09= 814.10*100
64769.06
= 1.26%
2007-08= 6196.52*100
54143.24
= 11.44%

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CENT
2006-07= 2641
39153*100
=0.67%
Interpretation:-
This ratio shows the percentage of sales revenue i.e. available before
taxation. The profit before tax is 11.44% in 2007-08 and in 2008-09 it was as at 1.26%
so we can say that the position of company is good in 2007-08 compared to 2008-09.
5) Net Profit Margin:-
This ratio can be treated as profitability ratio and it shows mainly the
relations of profit earned with sales. This ratio is very much useful to the management.
And this ratio should be higher as far as possible. The ratio is valuable for the purpose of
ascertaining the overall profitability of business and shows the efficiency of the
operations of the business. This ratio is widely used for the purpose of interpretation.
Net Profit Margin = Profit after tax

Net sales *100
2008.2009 1111.24
64769.06 * 100
=1.72%
2007.2008 4462.43
54143.24 *100
=8.24%
2006.2007 2247
39153 *100
=5.74%
Interpretation:-

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CENT
Net Profit Margin Ratio will give the Net Profit as a Percentage of Gross
Operating income. Here in 2006-2007 the Net Profit Margin Ratio was 5.74%. While in
2007-2008 year it was increase and reaches at 8.24% and 2008-2009 is comparative two
year ratio’s decrease and reaches at 1.72%. So we can say that in the year 2008-09 is not
good for the company.
B) RETURN ON INVESTMENT:
1) Operating profit to operating assets:
= Operating profit
Avg. operating Assets
2) Net income to total assets:

Net income*100
Avg. total assets
2008-09= 1111.24*100
19340
= 5.75%
2007.8 4462.43*100
19046.255
= 23.43%
2006-07 = 2247*100
12663.5
= 17.74%
3) Return on Equity:
It shows what percentage of profit is earned on the capital

invested by ordinary shareholders. The ratio is obtained by net income means profit
available to equity shareholder divided by the total equity.
= Net income(profit available to eq. sh. Holder)*100

Total Equity
2008-09 = 1111.24*100
16874.40
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CENT
=6.59%
2007-08 =4462.43*100
16329.85
=27.33%
2006-07 = 2247*100
11771
=19.09%
Interpretation:-
This ratio shows the profitability of the business but this profitability is
indicated from the angle of the shareholders. Higher the ratio it would be good for the
company. It means in 2007-08 the position is good in related to the shareholder fund
compared to 2006-07 and 2008-09.
C) EFFICIENCY OF USE OF ASSETS:
1) Total Asset turn over =

Total assets include not only fixed assets as well as it includes current
assets as well. This ratio shows to what extent sale is achieved by making investments in
the total assets of the business. This ratio should be higher as far as possible.
Sales
= Total assets
2008-09 = 64769.06
42879.17
=1.51
2007-08 = 54143.24
41379.48
= 1.31
2006-07 =39153
28965
= 1.35

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CENT
Interpretation:-
This ratio indicates the sale which is achieved by investment of fixed assets. In
the year 2008-09 the total assets turn over ratio is 1.51 good compared to other two
consecutive years.
2) Operating assets turn over=
= Sales
Operating assets
2008-09 = 64769.06
38680
=1.67
2007-08 = 54143.24
38092.51
= 1.42
2006-07 = 39153
25327
= 1.55
3) Working capital turnover:
This ratio on a whole shows the ability of the firm to meet its current
obligations .Net working capital is obtained as the difference between the current assets
and the current liabilities of the firm. Net assets are obtained as the sum total of the fixed
assets and net current assets of the company.
= Sales
Avg. working capital
2008-09 = 64769.06
21238.21
=3.05
2007-08 = 54143.24
17619.72
= 3.07
2006-07 = 39153
11753
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CENT
= 3.33
4) Share holder’s equity turn over:
= Sales
Avg. sh. Holder’s equity
2008-09 = 64769.06
16874.40
=3.84
2007-08 = 54143.24
16329.85
= 3.32
2006-07 = 39153
11771
= 3.33
D) RETURN PER SHARE OF EQUITY:-
1) Earning per share:
EPS measures the profit available to the equity shareholders on a per

share basis, that is the amount that they may get on every share held. It is calculated by
dividing the profits available to the shareholders by the number of the outstanding shares.
The profits available to the ordinary shareholders are representing by the net profit after
taxes and preference dividend
= Net income available to equity share holder

No. of equity share
2008-09 = 1111.24
227.527
= 4.88 share
2007-08 = 4462.43
27
CENT
198.008
= 22.54 share
2006-07 = 2247
198.0
= 11.35 share
Interpretation:-
In company Earning per Share 4.88 in 2008-09 and in 2007-2008 it was

at 22.54. If this ratio is high it is better for the company but if it is less than it is not good
for the company. In short we can say that the company’s positions are good in 2007-08.
2) Price earning ratio:
This ratio is closely related to the earnings yield or earning price ratio.
This ratio is computed by market price per share divided by EPS.
= Market price per share

EPS
2008-09 = 10
4.88
=2.05 times
2007-08 = 10
22.54
= 0.44 times
2006-07 = 10
11.35
= 0.88times
Interpretation:-
This ratio indicates in times. From the data analysis we can find that in
the year 2008-09 price earning ratio is 2.05 times. And in 2007-08 & 2006-07 it was
at 0.44 & 0.88 times respectively.
3) dividend per share:

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CENT
DPS is the dividends paid to the share holders on a per share basis. In
other words DPS is the net distributed profit belonging to the shareholders divided by the
number of ordinary shares out standing.
= dividend
No. of equity share
 SOLVANCY RATIO
A) SHORT TERM:
1) Current ratio :
This ratio indicates the relationship of current assets with the current
liabilities. If this ratio is found to be two then it indicates there is a current asset of two
rupees against current liabilities of one rupee. it is generally believed that 2:1 ratio shows
a comfortable working capital position however this rule should not taken as a hard and
fast rule, because a ratio which is satisfactory for one business may not be good for other
business.
= Current assets
Current liability
2008-09 = 27442.57
6204.36
=4.42
2007-08 = 28734.50
11114.76
= 2.59
2006-07 = 17641
5888
= 3.0
Interpretation:-
Current ratio indicates the working capital position. There has been
considerable increase in the current ratio. Normally this ratio should be 2:1 i.e. the value

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CENT
of current assets should be twice the current liability. The standard has been made in
2008-09.
2) Quick ratio:
Quick ratio is considered to be a better measure of the liquidity of a

company as compared to the current ratio. This is because the current ratio includes
inventories, which cannot be readily converted into cash. The ideal quick ratio is
assumed to be 1:1 for any company
= Quick assets
Current liability
2008-09 = 15433.37
6204.36
=2.49
2007-08 = 15964.09
11114.76
= 1.44
2006-07 = 10227
5888
= 1.74
Interpretation:-
For any company better quick ratio would be 1:1 but here the quick ratio is
2.49, 1.44, 1.74 during the years 2008-09, 2007-08, and 2006-07 respectively. So it
indicated the good for the company.
4) Account receivable ( debtor ) turn over:
The debtor turn over suggests the number of times the sum of credit
sales is collected during the year, while debtors ratio indicates the number of days during
which the dues for credit sales are collected.
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CENT
= Net sales
Avg. accounting receivable
2008-09 = 64769.06
8395.53
=7.71 days
2007-08 = 54143.24
10644.48
= 5.09 days
2006-07 = 39153
6100
= 6.42 days
Interpretation:-
The collection of credit sales is better in the year 2007-08 hence, its working
capital position will be better , because in the year 2007-08 the company collects its dues
earlier.
5) Avg. collection period:
= Account receivable* days in the period

sales
2008-09 = 8395.53*365
64769.06
=47.31 days
2007-08 = 10644.48*365
54143.24
= 71.76 days
2006-07 = 6100*365
39153
= 56.86 days
Interpretation:-
The collection of credit sales is better in the year 2008-09 hence, its working
capital position will be better , because in the year 2008-09 the company collects its dues
earlier.

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CENT
5) Inventory turn over:
This ratio indicates how much efficiently the inventories of the company
are converted into sales. It is calculated as under:
= COGS
Avg. Inventory
7) Inventory holding period:
Avg. Inventory*365
COGS
B) LONG TERM
1) Total debt to total capital:
= Total debt
Share holder Equity
2008-09 = 19793.72
16874.40
=1.17
2007-08 = 13539.68
16329.85
= 0.83
2006-07 = 10986
11771
= 0.93
2) Long term debt to total capital
= Long term debt

Share holder Equity

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CENT
2008-09 = 19793.72
16874.40
=1.17
2007-08 = 13539.68
16329.85
= 0.83
2006-07 = 10986
11771
= 0.93
3) Long term debt to fixed assets:

This ratio indicates to what extent the long term assets are financed by
the long term funds in the business. Normally, the fixed assets of business must be
purchased out of fixed capital only.
= Long term debt

Net fixed assets
2008-09 = 36668.12
11237.43
= 3.26
2007-08 = 29869.53
9358.01
= 3.19
2006-07 = 22757
7686
= 2.96
Interpretation:-
In the year 2008-09 the ratio is better compared to other two years. The
standard ratio is 1:1.
4) Times fixed charges cover:

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CENT
= Earning before interest and charges

Interest and fixed charges
2008-09 = 5835.95
1755.24
= 3.32
2007-08 = 7432.9
1226.38
= 6.06
2006-07 = 3433
792
= 4.33
6) Interest cover( Times interest cover):
= EBIT
Interest Expenses
6) Equity multiplier:
Total assets
Owner’s Equity
2008-09 = 42879.17
16874.40
=2.54
2007-08 = 41379.48
16329.85
= 2.53
2006-07 =28965
11771
= 2.46

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CENT
2) Equity multiplier:
Average assets
Average Equity
2008-09 = 21439.585
8437.2
=2.54
2007-08 = 20689.74
8164.925
= 2.53
2006-07 =14482.5
5885.5
= 2.46
3) Equity ratio:( Proprietor ratio):
= Net worth
Total capital employed
2008-09 = 16874.40
36668.12
= 0.46
2007-08 = 16310.41
29850.09
= 0.55
2006-07 = 11760
22746
= 0.52
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CENT
4) Inventory turn over ratio:
= Sales
Inventory
2008-09 = 64769.06
12009.20
= 5.39
2007-08 = 54143.24
12770.41
= 4.24
2006-07 = 39153
7414
= 5.28
5) Turn over to capital employed
= Sales
Net F.A + Net C.A
2008-09 = 64769.06
11237.43+21238.21
= 1.99
2007-08 = 54143.24
9358.01 + 17619.74
= 2.01
2006-07 = 39153
7686 + 11753
= 2.01

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CENT
6) Debt service coverage ratio:
= PAT + Depreciation + Interest

Interest + Installment of term loan
2008-09 = 1111+1691.86+1755.24
1755.24 +19793.72
= 0.21
2007-08 = 4462.43 +1392.75 +1226.38

1226.38 +13539.68
= 0.48
2006-07 = 2247 +1257+ 792

792 +10986
= 0.36

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CENT
3.5 DU PONT CHART

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39
CENT

40
CENT
CONCLUSION
Meaning of conclusion is to end or in other words at the end to

conclude whole the description in a few words.
I conclude that the Centuryply Ltd is a well-developed unit and is

progressing day by day. From the financial data analysis we can find that the company
has enough funds to implement new development projects like increase in production
capacity etc.
We observe that the net profit of the Company is decrease in the year
2008-09 compared to other two consecutive year because of the expenditure of the
company is increase compared to its income. Century ply always eager to achieve
highest level of customer satisfaction by providing the good quality of product..
Lastly we wishes all the best for the future development of the company.

41
CENT

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CENT
RECOMMENDATIONS
 In 2008-2009 there is a increment in shareholder’s funds so it is a good for the

company and I suggest that it maintain in future. The company increases its share
holder’s fund by issuing more shares so the share capital of the company is
increase. The increase in share capital shows increase in the reserve it is helpful
for the future expansion. Increase in shareholder fund is used more investment in
fixed assets So there is less amount is required from external fund and tries to
reduce the interest expenses. So it is a good for the company to expand the
business in the future.
 The company increases its investment in 2008-2009 and I suggest that it maintain
in future. The company increase its investment by increase the investment in
Govt. securities . Because investment in govt. securities is less risky compare to
the investment in subsidiaries company so it is a good for the company in the
future.
 Company will try to increase its long term investment in fixed assets and
government securities. More increase in government securities there is stable
income with less risk.
 company will try to increase more investment in working capital by increase in

current assets and decrease in current liability.
 Company reduces its Expenses because it decreases the overall income of the
company. If the expenses are decrease than the profit is increase. So it is a good
for the company.
43
CENT
 Firm will made more expenses in manufacturing expenses so to control on

manufacturing expenses mostly on raw material and tries to reduce in future and
tries to increase sales by expanding market segment.
 The company will try to increase its profitability because in the year 2008-2009 it
is more decrease. For increase the Net Profit the company has to decrease its
expenses so company has expand its profitability.
 The company will try to increase its return on investment by increase its operating
by increase in sales and operating income.

44
CENT
LIMITATIONS
At the end of the financial analysis of the company the following are the various
limitations:
 As per the study the Loan funds of the Company is increase . Increment in the
total Loan funds is mainly due to the increase in the secured Loan funds being
used by the company . So during the 2008-2009 Company has taken more funds
from external Sources.
 As per the study in last three years loan funds are more increase as compare to
shareholder’s fund. It means firm use more external sources than the internal
sources.
 As per the study increase in the expenditure in 2008-2009 it is not good for the
company because it decrease the overall income of the company and it also shows
the inverse effect on the company.
 As per the study the PBT is reduce because of more increase in expenditure as
compare to increase in income in three years. So the future expansion is difficult
for the company and also difficult to survive the business in the market.

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CENT

URY PLYBOARDS (I)LTD.

Department of business management, sankalchand patel

1.1 Name of Company:

The Name of the Company is CENTURY PLYBOARDS (I) LTD.

1.2 Establishment Year:

CENTURY PLYBOARDS (I) LTD was established in 1986 in Kolkata (then

The Auditor of the Company is

S.R. Batliboi & Co.

1.4 Board of Directors:

The Board of Directors of the Company are

1.5 Registered Office:

Department of business management, sankalchand patel

The Registered Office of the company is located in

The Bankers of the Company are

State Bank Of India

Oriental Bank Of Commerce

1.7 CFO & Company Secretary:

The CFO & Secretary of the Company is

Sri A.K. Julasaria

1.8 Registrars & Share Transfer Agents:

Maheshwari Datamatics Pvt Ltd.

1.9 Vision & Mission of the company:

Department of business management, sankalchand patel

Continue to remain the best Plywood-Panel Corporation in India with

• To provided utmost satisfaction to the consumer through best quality and

1.10 Scale & Form of Organization:

Industry involves the production of goods and materials while commerce is

The classification on the basis of scale are as under:

Department of business management, sankalchand patel

1.11 Brief History:

Century Plyboards (I) Ltd., makers of the well-known

1.13 Future Plan Of Expansion:

Considering buoyant demand for the products and marketing

The Products of the Company are

Department of business management, sankalchand patel

Department of business management, sankalchand patel

Department of business management, sankalchand patel

Department of business management, sankalchand patel

3.1 COMPARATIVE STATEMENT ANALYSIS

BALANCE SHEET OF 2006-07 AND 2007-08

2006- Increase Increase

Department of business management, sankalchand patel

BALANCE SHEET OF 2007-08 AND 2008-09

Schedul Increase / Increase

PROFIT & LOSS OF 2006-07 AND 2007-08

Particular Schedul 2007- 2006 Increase / Increase

PROFIT & LOSS OF 2007-08 AND 2008-09

Particular Schedul 2008-09 2007-08 Increase / Increase /

Department of business management, sankalchand patel

Department of business management, sankalchand patel

3.2 COMMON SIZE STATEMENT ANALYSIS

BALANCE SHEET OF 2006-07 ,2007-08, 2008-09

2008- 2007- 2006- %

27442.57 74.82675439 28734.5 94.8923357 17641 76.40765766

PROFIT & LOSS OF 2006-07 ,2007-08, 2008-09

2008- 2007- 2006- %

3.3 TREND ANALYSIS

BALANCE SHEET OF 2006-07 ,2007-08, 2008-09