SYBBI

PROJECT :-FM -1

ROLL NO :- 1

DATE OF SUBMISSION :-

Submitted To :Prof . Boda

In the books of FDC LTD

Balance sheet as on 31/3/2010 & 31/3/2011

LIABILITY

SHARE
CAPITAL
RESERVE &
SURPLUS

2010
IN
LAKHS
1870.65

2011
IN
LAKHS
1853.56

50556.19

59359.19

UNSECURED 243.80
LOAN
DEFERRED
2390.71
TAX
LIABILITY
CURRENT
7834.11
LIABILITIES

206.09

PROVISION

4883.08

TOTAL

4368.54

67264

ASSET

2010
IN
LAKHS
2501.49

GROSS
BLOCK
CAPITAL IN
3006.50
WORK IN
PROGRESS
INVENTORIES 8897.15

2011
IN
LAKHS
27178.41
1169.02

9585.35

2511.09

SUNDRY
DEBTORS

3547.85

3959.56

7351.20

CASH IN
BANK
BALANCE
LOAN &
ADVANCES
INVESTMENT

1431.03

1635.31

2416.51

6316.70

22949.47

26319.86

TOTAL

67264

76164.21

76164.21

In the books of FDC.LTD

Vertical Balance Sheet as on 31/3/2010 & 31/3/2011
Particulars

Amount in
lakhs

I .SOURCES OF
FUNDS
SHAREHOLDERS
FUND
1.SHARE
CAPITAL
RESERVES &
SURPLUS
CAPITAL

Amount in
lakhs

1853.56

45.01

Amount in
lakhs

RESERVE
CAPITAL
REDEMPTION
RESERVE
SECURITIES
PREMIUM
ACCOUNT
REVALUATION
RESERVE
GENERAL
RESERVE
SURPLUS IN
PROFIT & LOSS
A/C
LESS MISC
EXPENSE

85.72
72.90
73.41
30652.10

59359.19

NIL

2. BORROWED
FUND
UNSECURED
LOAN
DEFERRED TAX
LIABILITY

206.09
2511.09

CAPITAL
EMPLOYED

63929.23

IIAPPLICATION
OF FUNDS
1.FIXED ASSET
GROSS BLOCK
CAPITAL IN
WORK IN
PROGRESS

27178.41
1169.02

2.INVESTMENTS
3.WORKING
CAPITAL
CURRENT ASSET
INVENTORIES
SUNDRY
DEBTORS
CASH IN BANK

28347.43

26319.86

9585.35
3959.56
1635.31

BALANCE
LOAN &
ADVANCES

6316.70

LESS.CURRENT
LIABILITY
CURRENT
LIABILITY
PROVISION

(7351.20)

21496.92

(4883.08)

(12234.28)

FUND USED

9262.64
63929.93

IN THE BOOKS OF FDC LTD

COMPARITIVE BALANCE SHEET AS ON 31/3/2010 &
31/3/2011
PARTICULARS
I .SOURCES OF
FUNDS
SHAREHOLDERS
FUND
1.SHARE CAPITAL
RESERVES &
SURPLUS
CAPITAL
RESERVE
CAPITAL
REDEMPTION
RESERVE
SECURITIES
PREMIUM
ACCOUNT
REVALUATION
RESERVE
GENERAL
RESERVE
SURPLUS IN
PROFIT & LOSS
A/C

2010 IN
LAKHS

2011 IN
LAKHS

INCREASE/
DECREASE

1870.65

1853.56

-17.09

-0.91%

45.01

45.01

68.63

85.72

17.09

24.90%

72.90

72.90

84.46

73.41

-11.05

-13.08%

27942.71

30652.10

2709.39

9.7%

20842.48

28430.05

7587.57

36.4%

TOTAL A
LESS MISC
EXPENSE

52426.84
NIL

61212.75
NIL

8785.91

16.76%

UNSECURED
LOAN
DEFERRED TAX
LIABILITY

243.80

206.09

-37.71

-15.47%

2390.71

2511.09

120.38

5%

CAPITAL
EMPLOYED

55061.35

63929.93

8868.58

16.11%

25015.49
3006.50

27178.41
1169.02

2162.92
-1837.48

8.6%
-61.17%

2.INVESTMENTS

22949.47

26319.86

3370.39

14.69%

3.WORKING
CAPITAL
CURRENT ASSET
INVENTORIES
SUNDRY DEBTORS
CASH IN BANK
BALANCE
LOAN &
ADVANCES

8897.15
3547.85
1431.03

9585.35
3959.56
1635.31

668.2
411.71
204.20

7.74%
11.60%
14.27%

2416.51

6316.70

3900.19

161.39%

LESS.CURRENT
LIABILITY
CURRENT
LIABILITY
PROVISION

(7834.11)

(7351.20)

-482.91

-6.16%

(4368.54)

(4883.08)

514.54

11.78%

FUND USED

55061.35

63929.93

8868.58

16.11%

2.BORROWED
FUND

IIAPPLICATION
OF FUNDS
1.FIXED ASSET
GROSS BLOCK
CAPITAL IN
WORK IN
PROGRESS

IN THE BOOKS OF FDC LTD

COMMON SIZE STATEMENT AS ON 31/3/2011

PARTICULARS

AMOUNT IN
LAKHS

1853.56

2.9%

45.01
85.72

0.071%
0.13%

72.90

0.11%

73.41

0.11%

30652.10
28430.05

47.95%
44.47%

I .SOURCES OF FUNDS
SHAREHOLDERS FUND
1.SHARE CAPITAL
RESERVES & SURPLUS
CAPITAL RESERVE
CAPITAL REDEMPTION
RESERVE
SECURITIES PREMIUM
ACCOUNT
REVALUATION
RESERVE
GENERAL RESERVE
SURPLUS IN PROFIT &
LOSS A/C

TOTAL A
61212.75
LESS MISC EXPENSE NIL

92.8%

2.BORROWED FUND
UNSECURED LOAN
DEFERRED TAX
LIABILITY

206.09
2511.09

0.3%
3.93%

CAPITAL
EMPLOYED

63929.93

100%

27178.41
1169.02

42.5%
1.83%

IIAPPLICATION OF
FUNDS
1.FIXED ASSET
GROSS BLOCK
CAPITAL IN WORK IN
PROGRESS

2.INVESTMENTS

26319.86

41.17%

3.WORKING CAPITAL
CURRENT ASSET
INVENTORIES
SUNDRY DEBTORS
CASH IN BANK
BALANCE
LOAN & ADVANCES

9585.35
3959.56
1635.31

15%
6.2%
2.56%

6316.70

9.88%

LESS.CURRENT
LIABILITY
CURRENT LIABILITY
PROVISION

(7351.20)
(4883.08)

11.5%
7.64%

FUND USED

63929.93

100%

IN THE BOOKS OF FDC LTD

VERTICAL INCOME STATEMENT FOR THE YEAR ENDED
31/3/2011
PARTICULARS
SALES
LESS: RETURN
NET SALES
LESS:COST OF GOOD
SOLD
ADD:DIRECT
EXPENSE
WAGES

AMOUNT
IN LAKHS
70710.49
(1079.68)
69630.81
29284.75

8490.58

GROSS PROFIT
LESS:OPERATING
EXPENSES
TRAVELLING &
CONVEYANCE
COMMUNICATION
EXPENSE
INSURANCE
RATES & TAXES
RENT

48836.64

1250
2365
5000
3256
1000

SELLING &
DISTRIBUTION
ADVERTISEMENT &
1256
SALES PROMOTION
CARRIAGE OUTWARD 1798.36
FINANCE EXPENSE
INTEREST
BANK CHARGES

AMOUNT
IN LAKHS

105.59
28.39

PROFIT BEFORE
INTEREST
LESS: INTEREST
PROFIT AFTER
INTEREST

32777.28
NIL
32777.28

ADD:NON OPERATING 3189.23

INCOME
LESS: NON
NIL
OPERATING EXPENSE
DEPRECIATION &
AMORTISATION
LESS:TRANSFER
FROM REVALUATION
RESERVE

1709.59

PROFIT BEFORE TAX

LESS:PROVISION FOR
TAX
PROFIT AFTER TAX

17286.83
(2412.24)

BALANCE BROUGHT
FORWARD
AMOUNT AVAILABLE
FOR APPROPRIATION

20842.48

RETAINED EARNING

--------

(11.05)

14874.59

35717.07

IN THE BOOKS OF FDC LTD

COMPARATIVE INCOME STATEMENT FOR THE YEAR
ENDED 31/3/2010 & 31/3/2011
PARTICULARS

2010 IN
LAKHS
63128.66
(1041.72)
62086.94

2011 IN
LAKHS
70710.49
(1079.68)
69630.81

INCREASE
/DECREASE
7581.83
37.96
7543.87

LESS:COST OF
GOOD SOLD
ADD:DIRECT
EXPENSE
WAGES

(25342.43)

29284.75

3942.32

15.56%

7187.86

8490.58

1302.72

18.12%

GROSS PROFIT

43932.37

48836.64

4904.27

11.16%

1265

1250

-15

-1.185%

2500

2365

-135

-5.4%

3400
450
560

5000
3256
1000

1600
-1244
440

47.06%
-27.64%
78.57

1256

1256

944.96

1.78

-766.96

-81.2%

SALES
LESS: RETURN
NET SALES

LESS:OPERATING
EXPENSES
TRAVELLING &
CONVEYANCE
COMMUNICATION
EXPENSE
INSURANCE
RATES & TAXES
RENT
SELLING &
DISTRIBUTION
ADVERTISEMENT
& SALES
PROMOTION
CARRIAGE
OUTWARD
FINANCE
EXPENSE

12%
3.6%
12.15%

INTEREST
BANK CHARGES

98.21
33.78

105.59
28.39

7.38
-5.39

7.5%
-15.96%

PROFIT BEFORE
INTEREST
LESS: INTEREST
PROFIT AFTER
INTEREST

20907.63

32777.3

11869.67

56.77%

NIL
20907.63

NIL
32777.3

11869.67

56.77%

ADD:NON
OPERATING
INCOME
LESS: NON
OPERATING
EXPENSE

3172.47

3189.23

16.76

0.53%

NIL

NIL

DEPRECIATION &
AMORTISATION
LESS:TRANSFER
FROM
REVALUATION
RESERVE

1460.69

1709.59

248.9

17.04%

(12.66)

(11.05)

-1.61

-12.72%

PROFIT BEFORE
TAX
LESS:PROVISION
FOR TAX
PROFIT AFTER
TAX

17979.14

17286.83

-692.31

-3.8%

(3097.21)

(2412.24)

-692.31

-3.8%

1488.93

14874.59

-7.34

-6.34%

BALANCE
BROUGHT
FORWARD
AMOUNT
AVAILABLE FOR
APPROPRIATION

12736.11

20842.48

8106.37

63.65%

27618.04

35717.07

8099.03

29.3%

RETAINED
EARNING

-----

----

IN THE BOOKS OF FDC LTD

COMMON SIZE INCOME STATEMENT FOR THE YEAR
ENDED 31/3/2011
PARTICULAR S

AMOUNT IN
LAKHS
70710.49
(1079.68)
69630.81

LESS:COST OF GOOD
SOLD
ADD:DIRECT
EXPENSE
WAGES

29284.75

42.05%

8490.58

12.19%

GROSS PROFIT

48836.64

70.14%

1250

1.8%

2365

3.4%

5000
3256
1000

7.2%
4.7%
1.4%

SELLING &
DISTRIBUTION
ADVERTISEMENT &
1256
SALES PROMOTION
CARRIAGE OUTWARD 1.78

1.8%

SALES
LESS: RETURN
NET SALES

LESS:OPERATING
EXPENSES
TRAVELLING &
CONVEYANCE
COMMUNICATION
EXPENSE
INSURANCE
RATES & TAXES
RENT

FINANCE EXPENSE
INTEREST

105.59

100%

2.6%

0.15%

BANK CHARGES

28.39

0.04%

PROFIT BEFORE
INTEREST
LESS: INTEREST
PROFIT AFTER
INTEREST

32777.3

47.07%

NIL
32777.3

47%

ADD:NON OPERATING 3189.23

INCOME
LESS: NON
NIL
OPERATING EXPENSE

4.6%

DEPRECIATION &
AMORTISATION
LESS:TRANSFER
FROM REVALUATION
RESERVE

1709.59

2.4%

(11.05)

0.01%

PROFIT BEFORE TAX

LESS:PROVISION FOR
TAX
PROFIT AFTER TAX

17286.83
(2412.24)

24.8%
3.5%

14874.59

21.4%

BALANCE BROUGHT
FORWARD
AMOUNT AVAILABLE
FOR APPROPRIATION

20842.48

29.9%

35717.07

51.3%

RETAINED EARNING

----

BALANCE SHEET

LIABILITY

2010
2011
ASSET
2010
2011
IN
IN
IN
IN
LAKHS LAKHS
LAKHS LAKHS
SHARE
1870.65 1853.56
GROSS
25015.4 27178.4
CAPITAL
BLOCK
9
RESERVE & 50556.1 59359.1 CAPITAL IN 3006.50 1169.02
SURPLUS
9
9
WORK IN
PROGRESS
UNSECURE
243.80
206.09 INVENTORIE 8897.15 9585.35
D LOAN
S
DEFERRED 2390.71 2511.09
SUNDRY
3547.85 3959.56
TAX
DEBTORS
LIABILITY
CURRENT
7834.11 7351.20
CASH IN
1431.03 1635.56
LIABILITY
BANK
BALANCE
PROVISION 4368.54 4883.08
LOAN
2416.51 6316.70
&ADVANCES
INVESTMENT 22949.4 26319.8
7
6
TOTAL

67264

76164.2
1

TOTAL

67264

76164.2
1

Fund Flow Statement

IN THE BOOKS OF FDC LTD
STATEMENT SHOWING SOURCES & APPLICATION

SOURCES
DEFERED TAX
LIABILITY
DEC IN WORK
IN PROGRESS
FUND FROM
OPERATION

TOTAL

AMOUNT
IN LAKHS
120.63

1837.48
8803

10760.86

APPLICATION
REDEMPTION
OF SHARE
CAPITAL
UNSECURED
LOAN
GROSS BLOCK

AMOUNT
IN LAKHS
17.09

37.71
2162.92

INVESTMENT
INC IN
WORKING
CAPITAL

3370.39
5172.75

TOTAL

10760.86

ADJUSTED PROFIT & LOSS ACCOUNT

PARTICULAR

AMOUNT

TO BAL
FUND FROM
OPERATION
TOTAL

50556.19
8803
59359.19

PARTICULAR
BY BAL

AMOUNT
59359.19

TOTAL

59359.19

STATEMENT OF CHARGES IN WORKING CAPITAL

PARTICULAR
Current asset
INVENTORIES
SUNDRY
DEBTORS
CASH IN
BANK
BALANCE
LOAN
&ADVANCES

2010

2011

Increase

8897.15
3547.85

9585.35
3959.56

6882
411.71

1431.03

1635.31

204.28

2416.51

6316.70

2900.19

(7834.11)

(7351.20)

482.91

(4368.54)

(4883.08)

Decrease

Less :
CURRENT
LIABILITY
CURRENT
LIABILITY
PROVISION

Working
capital

4089.89

9262.64
(5172.75)

514.54

Accounting ratio
1.Current ratio= current asset /current liability
=21496.92/12234.28
=1.7:1

2.Quick ratio = quick asset / quick liability

= current asset stock prepaid expenses / current liability-bank
overdraft
=21496.92-0-0/12234.28-0
=1.7:1

3.Total asset =fixed asset +investment+ current asset

=28347.43+26319+21496.92
=76163.35

4.Proprietor ratio = Proprietor fund*100/total asset

=61212.75*100/76163.35
=80.4:1

5..Capital gain ratio = capital with fixed interest or dividend/capital

without fixed interest or dividend
=Preference share capital+ borrowed fund/equity share capital +
reserves-miscellanies expenses
=0+206.09/1853.56+59359.19
=206.09/61212.75

=0.003
6.Stock to working capital ratio=closing stock*100/working capital
=0*100/0
=0
7.Dept equity ratio=dept*100/dept + equity
=206.09/206.09+61212.75
=0.003:1

Income ratio
1 .Gross profit ratio=gross profit*100/net sales
=17534.75*100/69630.81
=25.2:1

2 .Net profit ratio= net profit before tax*100/net sales

=14874.59*100/69630.81
=22.4:1
3 .stock turnover =0

4. Operating ratio= Cost of good sold +operating expense*100/net sales

= 29284.75+15925.36*100/69630.81
64.9:1

5 .Expenses ratio =Expenses *100/net sales

=16059.34*100/69630.81

=23.1:1

Mixed Ratio
1 .Debtor turnover ratio = credit sales/average debtors+ average bill
receivable
=16059.34/3959.56
=4:1

2. Creditor turnover ratio = credit purchase/average creditor average

bill receivable
=0

3. Average collection period = 12 months/4

=3months
4 . Average payment period = 0

5 .Return on capital= Net profit before interest + stock /capital

employed * 100
=32777.3/63929.93/100
=51.3%

6 .Return on proprietor fund = net profit after tax* 100/ proprietor

fund

=14874.59*100/61212.75
24.3

7 .Return on equity = net profit after tax-preference dividend/equity

share + reserve- miscellanies expenses *100
=14874.59/1853.56+59359.19*100
=24.3