Assignment # 1 Company Assigned - APM Industries Ltd

Annual Report -2019-2020

1: Balance Sheet Equation:

Balance Sheet as on 31 March-20:

Assets Rs.241.09 (in Crores) = Liabilities Rs.109.85 (in Crores) + OE 131.24 (in crores).

Balance Sheet as on 31 March-19:

Assets Rs.243.64 (in Crores) = Liabilities Rs.121.52 (in Crores) + OE 122.12 (in Crores) .

Comments: Cash & Cash equivalent ( Current Assets) has gone up as on 31/March/20 & also bank
balance has gone down as on 31/March/20, thus assets has gone down as on 31/March/20, Other
Equity has gone up by 9.12 Crores by 31/March/20 & Provision of Non-Current & Current liability has
gone up as on 31/March/20.

Extra Comments: In comparison with 2019 in 2020 some liability has gone up & assets got
decreased.

2: Five Biggest Item of Balance Sheet:

As on As on
Items March-20 Proportion Items March-19 Proportion
( In Crores) ( In Crores)
96.71% Of 96.46% Of
Other equity 126.92 Other equity 117.8
owners’ Equity owners’ Equity
Property Plant & 64.86% Of Total Property Plant & 60.86% Of Total
156.38 148.29
Equipment Asset Equipment Asset
20.56% Of Total 19.42% Of Total
Inventory 49.57 Inventory 47.32
Assets Assets
24.02% Of Total 27.74% Of Total
Borrowing 26.39 Borrowing 33.71
Liability Liability
26.35% Of total 27.81% Of total
Differ Tax Liability 28.94 Differ Tax Liability 33.79
Liability Liability
Common Comments: 2020-2019: In the given situation other equity form is very high in
percentage of OE,this rise is on account of retained earning & probably on account of obtaining
additional equity financing by selling stock which can be correlated with high cash & cash equivalent
which has significantly risen from 2019 onwards , high proportion of tangible assets (Property Plant
& Equipment) & Inventory’s, it is a capital intensive of company & also the proportion of differ tax
liability & Borrowing are also high & same may result in company’s equity.

3: Missing & Interesting item in balance sheet: Missing Items: 1 .Deprecation of asset has not
been shown in 2020. 2: Prepaid expenses also not disclosed

Interesting Items: 1. No secured loans only unsecured loans. 2: Doubtful Trade receivable is .90
Crores in 2020 & .54 Crores in 2019

Assignment By Anil Verma: EPGP-13D-010