AN

ASSIGNMENT ON SUBJECT
ACCOUNTING FOR MANAGERS
[NIRMA COMPANY]
SECTOR: DETERGENTS

Submitted by:
RAMANI SAGAR
ENROLL.NO:-127060592070

MBA PROGRAMME
(Year 2012-2013)

C.K.PITHAWALLA INSTITUTE OF MANAGEMENT

Calculation of ratios

1. Current Ratio = Current Assets

Current Liabilities

111

(Rs. In core)
Particulars

2008-09

2009-10

2010-11

2011-12

2012-13

Current assets

1064.35

953.72

1114.98

1597.47

1638.68

Current liabilities

325.21

398.54

387.36

1202.65

1390.63

2.878407

1.328291

1.178372

Ratio

3.272808

2.393034

Interpretation:
In last five years the current ratio is between 1.17 to 3.27 which was very good for the company.
But in the last year it was 1.17 while it was highest in the 2008-09 i.e. 3.27 so compnay should
take corrective action for increase the ratio.
2. Debtors Turnover Ratio = Debtors

*365

Net credit sales

(Rs. In core)
Particulars

2008-09

2009-10

2010-11

2011-12

2012-13

Debtors

250.49

269.28

316.24

488.11

565.52

Net credit sales

3030.17

3117.95

3246.65

6231.58

2223.43

Ratio

30.1728

31.5230

35.552831

28.589884

92.83620

Interpretation:
Debtor turnover ratio was 92.83620 times in 2012-13 which shows high collection of money. But
it was lower in 2011-12 i.e. 28.58984. so company should take corrective measures.

3. Total Assets turnover Ratio = Net Sales

Total Assets
(Rs. In core)
Particulars

2008-09

2009-10

2010-11

2011-12

2012-13

Net Sales

3030.17

3117.95

3246.65

6231.58

2223.43

Total Assets

3734.83

3742.74

3822.36

5396.84

5733.28

Ratio

.90

1.39

1.31

1.36

1.98

Interpretation:
From calculation of above toal assets turnover ratio of five different years, it interpreted that, the
ratio of year 2012-13 is high so net sals for that year is more than other four years. That is 1.98.

4. Working Capital Ratio =

Net Sales
Working capital
(Rs. In core)

Particulars

2008-09

2009-10

2010-11

2011-12

2012-13

Net Sales

3030.17

3117.95

3246.65

6231.58

2223.43

Working Capital

374.23

359.40

610.29

374.23

359.40

Ratio

8.101488389 8.669643851 5.31129463 8.101488389 8.669643851

Interpretation:
From calculation of above working capital ratio of five different years, it interpreted that, the
ratio of year 2010-11 is high so net sales for that year is more than other four years. That is
8.669643851.

5. Earnings Per Share Ratio = Profit after tax-Pref. Dividend

Equity share capital
(Rs. In core)
Particulars

2008-09

2009-10

2010-11

2011-12

2012-13

Equity share capital

79.57

79.57

79.57

79.57

79.57

Profit after tax

30.06

84.48

158.52

-61.14

173.87

2.6470

Ratio

0.94187

0.501955

-1.301439 0.457640

Interpretation:
From calculation of above earnings per share ratio of five different years, it interpreted that, the
ratio of year 2008-09 is high so equity share capital for that year is more than other four years.
That is 2.6470.

6. Inventory turnover Ratio =

Net Sales

Average Inventory

(Rs. In core)
Particulars

2008-09

2009-10

2010-11

2011-12

2012-13

Net Sales

3030.17

3117.95

3246.65

6231.58

2223.43

Average Inventory

600.27

592.15

734.81

1019.18

1045.23

Ratio

5.67

8.90

9.45

8.45

6.79

Interpretation:
From calculation of above inventory turnover ratio of five different years, it interpreted that, the
ratio of year 2010-11 is high so net sales for that year is more than other four years. That is 9.45.

7. Return on Capital = Operating Profit - Tax

Equity Share + Total Debt - Cash

(Rs. In crore)
Particulars

2008-09

2009-10

2010-11

2011-12

2012-13

Operating Profit

452.57

572.87

404.72

964.53

459.63

Tax

89.16

85.16

25.24

104.56

103.40

Equity Share Capital

79.57

79.57

79.57

79.57

79.57

Total Debt

1114.96

961.44

961.46

1336.95

1538.83

Cash

13.09

11.01

62.60

32.78

21.95

Ratio ( % )

0.307573

0.47356

0.387845

0.593369

0.747440

Interpretation:
From calculation of above return on capital ratio of five different years, it interpreted that, the
ratio of year 2012-13 is high so operating profit after deducting tax is high for that than other
four years. That is 0.747440.
8. Liquid Ratio

= Quick Assest
Quick Liabilities

(Rs. In crore)
Particulars

2008-09

2009-10

2010-11

2011-12

2012-13

Quick Assest

464.08

361.57

380.17

578.3

593.45

Quick Liabilities

325.21

398.54

387.36

1202.65

1390.63

Ratio

1.42016

0.907236

0.981438

0.48085

0.42674

Interpretation:
Liquid Ratio of 1:1 is count as a satisfactory for business. Nirma limited has its Liquidity Ratio
of .42. Which indicate that the financial position of the nirma limited is not satisfactory another
three year.

9. Gross Profit Ratio = Gross profit

X 100

Net sales
(Rs. In crore)
Particulars

2008-09

2009-10

2010-11

2011-12

2012-13

Gross profit

452.57

572.87

404.72

964.53

459.63

Net sales

3030.17

3117.95

3246.65

6231.58

2223.43

Ratio

14.94

18.3733

12.46577

15.47809

20.67211

Interpretation:
From calculation of above gross profit ratio of five different years, it interpreted that, the ratio of
year 2012-13 is high so gross profit for that year is more than other four years. That is 20.67211.

10. Net Profit Ratio = Net profit

X 100

Net sales

(Rs. In crore)
Particulars

2008-09

2009-10

2010-11

2011-12

2012-13

Net profit

30.06

84.48

158.52

-61.14

173.87

Net sales

3030.17

3117.95

3246.65

6231.58

2223.43

Ratio

.992025

2.70947

4.85565

-0.98081

7.81989

Interpretation:
From calculation of above net profit ratio of five different years, it interpreted that, the ratio of
year 2012-13 is high so net profit for that year is more than other four years. That is 7.81989.

11. Creditors Turnover Ratio =

Creditors

*365

Net credit Purchase

(Rs. In core)
Particulars
Creditors
Net credit purchase
Ratio

2008-09

2009-10

2010-11

2011-12

2012-13

153.85

193.60

236.95

291.10

247.03

1398.89

1254.02

1381.68

2679.48

862.90

62.59535

39.653776

104.49177

40.142720 56.32997

Interpretation:
Creditor turnover ratio was 39.65 times in 2011-12 which shows that the disbursment of money
is faster in the company. It was very slow in 2012-13when ratio was 104.49177 times.

12. Fixed Assets turnover Ratio = Net Sales

Fixed Assets

(Rs. In core)
Particulars

2008-09

2009-10

2010-11

2011-12

2012-13

Net Sales

3030.17

3117.95

3246.65

6231.58

2223.43

Fixed Assets

3734.83

3742.74

3822.36

5396.84

5733.28

Ratio

0.89

0.83

0.86

1.57

0.51

Interpretation:
From calculation of above fixed assets turnover ratio of five different years, it interpreted that,
the ratio of year 2011-12 is high so net sales for that year is more than other four years. That is
1.57.

13. Operating Ratio = Cost of good sold + Operating Expenses

X 100

Sales Revenue

(Rs. In core)
Particulars

2008-09

2009-10

2010-11

2011-12

2012-13

Cost of good sold +

2862.6

2905.98

3136.31

6351.19

2120.42

Sales revenue

3030.17

3117.95

3246.65

6231.58

2223.43

Ratio

94.46994

93.201622

96.601419

101.91941

95.36706

Operating Expenses

Interpretation:
Sales revenue is increasing in 2011-12, lower operating ratio shows the higher operating profit
and vice versa. For manufacturing concerned an operating ratio between 75% & 80% is
expected.

14. Fixed Assets turnover Ratio =

Long term debt

Shareholder fund

(Rs. In core)
Particulars

2008-09

2009-10

2010-11

2011-12

2012-13

Long term debt

572.22

688.865

679.67

1369.8244

885.927

Shareholder fund

2601.04

2755.46

2831.97

2795.56

2953.09

Ratio

0.22

0.25

0.24

0.49

0.30

Interpretation:
In last five years the debt equity ratio is between 0.22 to 0.49 which shows that the claim of
creditors are less than that of owners but the claims of creditors is increases in last five years.

Trend Analysis of Profit & Loss statement of Nirma ( Rs. In cr)

Particulars
Net Sales
Cost of goods sold
Gross Profit (A-B)
Less: Operating
Expenses
Financial
Selling and
Administrative
Operating Profit
Add:Non-operating
Income
Less:Non-operating
Exp
Net Profit Befor Tax
Less Taxes
Net Profit After Tax

Mar '08-09

Mar '09-10

Mar '10-11

Mar '12-11

Mar '12-13

3030.17

3117.95

3246.65

6231.58

2223.43

100
2617.46
100
412.71
100

102.896867
2571.05
98.2269
546.9
132.514356

107.14415
2890.11
110.416587
356.54
86.389959

205.651168
5325.54
203.462135
906.04
219.53429

73.376411
1834.66
70.09314
388.77
94.19931

90.50
100
570.49

202.65
223.92265
728.91

69.20
76.464088
761.42

74.27
82.0666
789.93

100.01
110.508287
775.42

100
433.49
100
-74.18

127.76911
913.65
210.76661
9.164933064

133.4677
422.11
97.374795
18.25

138.46517
587.11
135.4379
22.545

135.9217
575.05
132.65588
18.26415

100
244.38

12.35499
287.56

25.32162
314.33

30.39228
356.554

24.62139
320.8545

100
184.72
100
31.29
100
153.43
100

117.6692037
287.92
155.8694736
47.22
150.9108341
240.70
156.880722

128.6234553
77.07
41.72260719
3.03
9.683604986
74.04
48.25653392

147.12906
350.46
189.7249
72
230.10545
61.12
39.84162

131.29327
246.29
133.3345
51
162.99137
173.87
113.322036

Trend Analysis of Balance Sheet statement of Nirma ( Rs. In cr)

Sources of Fund
Equity Share Capital
Reserves
Revaluation Reserves
Networth
Secured Loans
Unsecured Loans
Current Liabilities
Provisions
Total Liabilities

Application of Fund
Net Block
Capital Work in
Progress
Investments
Inventories
Sundry Debtors

Mar '08-09

Mar '09-10

Mar '10-11

Mar '12-11

79.57

79.57

100
2,521.47
100.00
0
0
2,601.04
100.00
1048.12
100
85.67
100
639.98
100.00
135.28
100.00
4,491.26
100.00

100
2,687.32
106.58
0
0
2,766.89
106.38
751.97
71.74464
235.31
274.6702
637.85
99.6671771
149.47
110.4893554
4,515.65
100.5430547

100
2,752.40
109.16
0
0
2,831.97
108.88
875.03
83.485669
115.36
134.65623
647.93
101.2422263
75.91
56.1132466
4,517.27
100.5791248

100
2691.28
106.73456
0
0
2770.85
106.52854
567.81
54.17414
769.14
897.7938
1229.18
192.06537
35.15
25.983146
5371.93
119.60852

100
2848.81
112.98210
0
0
2928.41
112.586119
691.51
65.97622
847.32
989.05100
1205.15
188.31057
36.21
26.7667
5708.6
127.10464

Mar '08-09

Mar '09-10

Mar '10-11

Mar '12-11

Mar '12-13

1,918.94
100.00
243.08

1,916.11
99.85
279.24

1,813.91
94.53
179.78

2163.79
112.75964
210.69

2063.14
107.51456
272.36

100
539.77
100
600.27
100
250.49
100

114.8757611
535.73
99.25153306
592.15
98.64727539
269.28
107.5012975

73.95919039
541.52
100.3242122
734.81
122.4132474
316.24
126.2485528

86.6751
975.73
180.7677
1019.11
169.77526
488.11
194.86207`

112.0454
953.73
176.69192
1045.23
174.12664
565.52
225.7654

79.57 79.57

Mar '12-13
79.57

Cash and Bank

Balance
Loans and Advances
Fixed Deposits
Total Assets

13.09

11.01

62.6

32.78

21.95

100
725.12
100
200.5
100
4,491.26
100

84.11000764
830.85
114.5810349
81.28
40.53865337
4,515.65
100.5430547

478.2276547
867.08
119.5774492
1.33
0.663341646
4,517.27
100.5791248

250.4201
506.63
69.86843
0.0
0.0
5371.93
119.60852

167.6852
811.35
111.891824
0.0
0.0
5708.6
127.10464

Comparative Analysis Statement of Profit & Loss statement of Nirma

(Rs. In cr)
Particulars
Net Sales
Cost of goods sold
Gross Profit
Less: Operating Expenses
Financial
Selling and Administrative
Operating Profit
Add:Non-operating Income
Less:Non-operating Exp
Net Profit Befor Tax
Less Taxes
Net Profit After Tax

Mar '08-09
3030.17
2617.46
412.71

Mar '09-10 Difference Percentage

3117.95
87.78
2.896867
2571.05
546.9

-46.41
134.19

-1.77309
32.51436

90.50
202.65
570.49
728.91
433.49
913.65
-74.18 9.164933064
244.38
287.56
184.72
287.92
31.29
47.22
153.43
240.70

112.15
158.42
480.16
83.34493
43.18
103.2
15.93
87.27

123.9227
27.76911
110.7661
-112.355
17.6692
55.86834
50.91083
56.87936

Comparative Analysis Statement of Profit & Loss statement of Nirma

(Rs. In cr)
Particulars
Net Sales
Cost of goods sold
Gross Profit
Less: Operating Expenses
Financial
Selling and Administrative
Operating Profit
Add:Non-operating Income
Less:Non-operating Exp
Net Profit Befor Tax
Less Taxes
Net Profit After Tax

Mar '10-11

Mar '11-12 Difference Percentage

3246.65
2890.1
356.54

6231.58
5325.5
906.04

2984.93
2435.43
549.5

91.93877
84.26773
154.1202

69.2
761.42
422.11
18.25
314.33
77.07
3.03
74.04

74.27
789.93
587.11
22.545
356.55
350.46
72
61.12

5.07
28.51
165
4.295
42.224
273.39
68.97
-12.92

7.32659
3.74432
39.08934
23.53425
13.43302
354.7295
2276.238
-17.45

Comparative Analysis Statement of Profit & Loss statement of Nirma

(Rs. In cr)
Particulars
Net Sales
Cost of goods sold
Gross Profit
Less: Operating Expenses
Financial
Selling and Administrative
Operating Profit
Add:Non-operating Income
Less:Non-operating Exp
Net Profit Befor Tax
Less Taxes
Net Profit After Tax

Mar '11-12

Mar '12-13 Difference Percentage

6231.58
5325.5
906.04

2223.43
1834.7
388.77

-4008.15
-3490.88
-517.27

-64.32
-65.5498
-57.0913

74.27
789.93
587.11
22.545
356.55
350.46
72
61.12

100.01
775.42
575.05
18.264
320.85
246.29
51
173.87

25.74
-14.51
-12.06
-4.28085
-35.6995
-104.17
-21
112.75

34.65733
-1.83687
-2.05413
-18.988
-10.0124
-29.7238
-29.1667
184.4732

Comparative Analysis Statement of Profit & Loss statement of Nirma

(Rs. In cr)
Particulars
Net Sales
Cost of goods sold
Gross Profit
Less: Operating Expenses
Financial
Selling and Administrative
Operating Profit
Add:Non-operating Income
Less:Non-operating Exp
Net Profit Befor Tax
Less Taxes
Net Profit After Tax

Mar '08-09

Mar '10-11 Difference Percentage

3030.17
2617.5
412.71

3246.65
2890.1
356.54

216.48
272.65
-56.17

7.144154
10.41659
-13.61

90.5
570.49
433.49
-74.18
244.38
184.72
31.29
153.43

69.2
761.42
422.11
18.25
314.33
77.07
3.03
74.04

-21.3
190.93
-11.38
92.43
69.95
-107.65
-28.26
-79.39

-23.5359
33.46772
-2.6252
-124.602
28.62346
-58.2774
-90.3164
-51.7435

Comparative Analysis Statement of Profit & Loss statement of Nirma

(Rs. In cr)
Particulars
Net Sales
Cost of goods sold
Gross Profit
Less: Operating Expenses
Financial
Selling and Administrative
Operating Profit
Add:Non-operating Income
Less:Non-operating Exp
Net Profit Befor Tax
Less Taxes
Net Profit After Tax

Mar '08-09

Mar '11-12 Difference Percentage

3030.17
2617.5
412.71

6231.58
5325.5
906.04

3201.41
2708.08
493.33

105.6512
103.4621
119.5343

90.5
570.49
433.49
-74.18
244.38
184.72
31.29
153.43

74.27
789.93
587.11
22.545
356.55
350.46
72
61.12

-16.23
219.44
153.62
96.725
112.174
165.74
40.71
-92.31

-17.9337
38.46518
35.43796
-130.392
45.90146
89.72499
130.1055
-60.1642

Comparative Analysis Statement of Profit & Loss statement of Nirma

(Rs. In cr)
Particulars
Net Sales
Cost of goods sold
Gross Profit
Less: Operating Expenses
Financial
Selling and Administrative
Operating Profit
Add:Non-operating Income
Less:Non-operating Exp
Net Profit Befor Tax
Less Taxes
Net Profit After Tax

Mar '08-09

Mar '12-13 Difference Percentage

3030.17
2617.5
412.71

2223.43
1834.7
388.77

-806.74
-782.8
-23.94

-26.6236
-29.9069
-5.80068

90.5
570.49
433.49
-74.18
244.38
184.72
31.29
153.43

100.01
775.42
575.05
18.264
320.85
246.29
51
173.87

9.51
204.93
141.56
92.44415
76.4745
61.57
19.71
20.44

10.50829
35.92175
32.65589
-124.621
31.29327
33.33153
62.99137
13.32204

Comparative Analysis Statement of Profit & Loss statement of Nirma

(Rs. In cr)
Particulars
Net Sales
Cost of goods sold
Gross Profit
Less: Operating Expenses
Financial
Selling and Administrative
Operating Profit
Add:Non-operating Income
Less:Non-operating Exp
Net Profit Befor Tax
Less Taxes
Net Profit After Tax

Mar '09-10

Mar '10-11 Difference Percentage

3117.95
2571.1
546.9

3246.65
2890.1
356.54

128.7
319.06
-190.36

4.127712
12.40972
-34.8071

202.65
728.91
913.65
9.1649
287.56
287.92
47.22
240.7

69.2
761.42
422.11
18.25
314.33
77.07
3.03
74.04

-133.45
32.51
-491.54
9.085067
26.77
-210.85
-44.19
-166.66

-65.8525
4.460084
-53.7996
99.12857
9.309362
-73.2321
-93.5832
-69.2397

Comparative Analysis Statement of Profit & Loss statement of Nirma

(Rs. In cr)
Particulars
Net Sales
Cost of goods sold
Gross Profit
Less: Operating Expenses
Financial
Selling and Administrative
Operating Profit
Add:Non-operating Income
Less:Non-operating Exp
Net Profit Befor Tax
Less Taxes
Net Profit After Tax

Mar '09-10

Mar '11-12 Difference Percentage

3117.95
2571.1
546.9

6231.58
5325.5
906.04

3113.63
2754.49
359.14

99.86145
107.1348
65.66831

202.65
728.91
913.65
9.1649
287.56
287.92
47.22
240.7

74.27
789.93
587.11
22.545
356.55
350.46
72
61.12

-128.38
61.02
-326.54
13.38007
68.994
62.54
24.78
-179.58

-63.3506
8.371404
-35.7402
145.992
23.99291
21.72131
52.47776
-74.6074

Comparative Analysis Statement of Profit & Loss statement of Nirma

(Rs. In cr)
Particulars
Net Sales
Cost of goods sold
Gross Profit
Less: Operating Expenses
Financial
Selling and Administrative
Operating Profit
Add:Non-operating Income
Less:Non-operating Exp
Net Profit Befor Tax
Less Taxes
Net Profit After Tax

Mar '09-10

Mar '12-13 Difference Percentage

3117.95
2571.1
546.9

2223.43
1834.7
388.77

-894.52
-736.39
-158.13

-28.6894
-28.6416
-28.9139

202.65
728.91
913.65
9.1649
287.56
287.92
47.22
240.7

100.01
775.42
575.05
18.264
320.85
246.29
51
173.87

-102.64
46.51
-338.6
9.099217
33.2945
-41.63
3.78
-66.83

-50.6489
6.38076
-37.0601
99.28296
11.57828
-14.4589
8.005083
-27.7649

Comparative Analysis Statement of Profit & Loss statement of Nirma

(Rs. In cr)
Particulars
Net Sales
Cost of goods sold
Gross Profit
Less: Operating Expenses
Financial
Selling and Administrative
Operating Profit
Add:Non-operating Income
Less:Non-operating Exp
Net Profit Befor Tax
Less Taxes
Net Profit After Tax

Mar '10-11

Mar '12-13 Difference Percentage

3246.65
2890.1
356.54

2223.43
1834.7
388.77

-1023.22
-1055.45
32.23

-31.5162
-36.5194
9.039659

69.2
761.42
422.11
18.25
314.33
77.07
3.03
74.04

100.01
775.42
575.05
18.264
320.85
246.29
51
173.87

30.81
14
152.94
0.01415
6.5245
169.22
47.97
99.83

44.52312
1.83867
36.23226
0.077534
2.075685
219.5666
1583.168
134.8325

Comparative Analysis Statement of Balance sheet of Nirma (Rs. In cr)

Sources of Fund

Mar '08-09

Equity Share Capital

Reserves
Revaluation Reserves
Networth
Secured Loans
Unsecured Loans
Current Liabilities
Provisions
Total Liabilities

79.57
2,521.47
0
2,601.04
1048.12
85.67
639.98
135.28
4,491.26

Application of Fund

Mar '08-09

Net Block
Capital Work in
Progress
Investments
Inventories
Sundry Debtors
Cash and Bank
Balance
Loans and Advances
Fixed Deposits
Total Assets

1,918.94
243.08
539.77
600.27
250.49
13.09
725.12
200.5
4,491.26

Mar '09-10 Difference

79.57
2,687.32
0
2,766.89
751.97
235.31
637.85
149.47
4,515.65

0
165.85
0
165.85
-296.15
149.64
-2.13
14.19
24.39

Mar '09-10 Difference

1,916.11
279.24
535.73
592.15
269.28
11.01
830.85
81.28
4,515.65

Percentage
0
6.577512
0
6.376296
-28.2554
174.6702
-0.33282
10.48936
0.543055

Percentage

-2.83

-0.14748

36.16
-4.04
-8.12
18.79

14.87576
-0.74847
-1.35272
7.501297

-2.08
105.73
-119.22
24.39

-15.89
14.58103
-59.4613
0.543055

Comparative Analysis Statement of Balance sheet of Nirma (Rs. In cr)

Sources of Fund

Mar '08-09

Equity Share Capital

Reserves
Revaluation Reserves
Networth
Secured Loans
Unsecured Loans
Current Liabilities
Provisions
Total Liabilities

79.57
2,521.47
0
2,601.04
1048.12
85.67
639.98
135.28
4,491.26

Application of Fund

Mar '08-09

Net Block
Capital Work in
Progress
Investments
Inventories
Sundry Debtors
Cash and Bank
Balance
Loans and Advances
Fixed Deposits
Total Assets

1,918.94
243.08
539.77
600.27
250.49
13.09
725.12
200.5
4,491.26

Mar '10-11 Difference

79.57
2,752.40
0
2,831.97
875.03
115.36
647.93
75.91
4,517.27

0
230.93
0
230.93
-173.09
29.69
7.95
-59.37
26.01

Mar '10-11 Difference

1,813.91
179.78
541.52
734.81
316.24
62.6
867.08
1.33
4,517.27

Percentage
0
9.158546
0
8.878372
-16.5143
34.65624
1.242226
-43.8868
0.579125

Percentage

-105.03

-5.47333

-63.3
1.75
134.54
65.75

-26.0408
0.324212
22.41325
26.24855

49.51
141.96
-199.17
26.01

378.2277
19.57745
-99.3367
0.579125

Comparative Analysis Statement of Balance sheet of Nirma (Rs. In cr)

Sources of Fund

Mar '08-09

Equity Share Capital

Reserves
Revaluation Reserves
Networth
Secured Loans
Unsecured Loans
Current Liabilities
Provisions
Total Liabilities

79.57
2,521.47
0
2,601.04
1048.12
85.67
639.98
135.28
4,491.26

Application of Fund

Mar '08-09

Net Block
Capital Work in
Progress
Investments
Inventories
Sundry Debtors
Cash and Bank
Balance
Loans and Advances
Fixed Deposits
Total Assets

1,918.94
243.08

Mar '11-12 Difference

79.57
2691.28
0
2770.85
567.81
769.14
1229.18
35.15
5371.93

0
169.81
0
169.81
-480.31
683.47
589.2
-100.13
880.67

Mar '12-11 Difference

2163.79
210.69

539.77
600.27
250.49
13.09

975.73
1019.11
488.11
32.78

725.12
200.5
4,491.26

506.63
0
5371.93

Percentage
0
6.734564
0
6.528542
-45.8259
797.7939
92.06538
-74.0169
19.60853

Percentage

244.85

12.75965

-32.39
435.96
418.84
237.62

-13.3248
80.76773
69.77527
94.86207

19.69
-218.49
-200.5
880.67

150.4202
-30.1316
-100
19.60853

Comparative Analysis Statement of Balance sheet of Nirma (Rs. In cr)

Sources of Fund

Mar '08-09

Mar '12-13 Difference

Equity Share Capital

Reserves
Revaluation Reserves
Networth
Secured Loans
Unsecured Loans
Current Liabilities
Provisions
Total Liabilities

79.57
2,521.47
0
2,601.04
1048.12
85.67
639.98
135.28
4,491.26

Application of Fund

Mar '08-09

Net Block
Capital Work in
Progress
Investments
Inventories
Sundry Debtors
Cash and Bank
Balance
Loans and Advances
Fixed Deposits
Total Assets

1,918.94
243.08

2063.14
272.36

539.77
600.27
250.49
13.09

953.73
1045.23
565.52
21.95

725.12
200.5
4,491.26

79.57
2848.81
0
2928.41
691.51
847.32
1205.15
36.21
5708.6

0
327.34
0
327.37
-356.61
761.65
565.17
-99.07
1217.34

Mar '12-13 Difference

811.35
0
5708.6

Percentage
0
12.98211
0
12.58612
-34.0238
889.051
88.31057
-73.2333
27.10464

Percentage

144.2

7.514565

29.28
413.96
444.96
315.03

12.04542
76.69192
74.12664
125.7655

8.86
86.23
-200.5
1217.34

67.68526
11.89182
-100
27.10464

Comparative Analysis Statement of Balance sheet of Nirma (Rs. In cr)

Sources of Fund

Mar '09-10

Mar '10-11 Difference

Equity Share Capital

Reserves
Revaluation Reserves
Networth
Secured Loans
Unsecured Loans
Current Liabilities
Provisions
Total Liabilities

79.57
2,687.32
0
2,766.89
751.97
235.31
637.85
149.47
4,515.65

Application of Fund

Mar '09-10

Net Block
Capital Work in
Progress
Investments
Inventories
Sundry Debtors
Cash and Bank
Balance
Loans and Advances
Fixed Deposits
Total Assets

1,916.11
279.24

1,813.91
179.78

535.73
592.15
269.28
11.01

541.52
734.81
316.24
62.6

830.85
81.28
4,515.65

79.57
2,752.40
0
2,831.97
875.03
115.36
647.93
75.91
4,517.27

0
65.08
0
65.08
123.06
-119.95
10.08
-73.56
1.62

Mar '10-11 Difference

867.08
1.33
4,517.27

Percentage
0
2.421744
0
2.352099
16.36501
-50.9753
1.580309
-49.2139
0.035875

Percentage

-102.2

-5.33372

-99.46
5.79
142.66
46.96

-35.6181
1.080768
24.09187
17.4391

51.59
36.23
-79.95
1.62

468.574
4.360595
-98.3637
0.035875

Comparative Analysis Statement of Balance sheet of Nirma (Rs. In cr)

Sources of Fund

Mar '09-10

Mar '11-12 Difference

Equity Share Capital

Reserves
Revaluation Reserves
Networth
Secured Loans
Unsecured Loans
Current Liabilities
Provisions
Total Liabilities

79.57
2,687.32
0
2,766.89
751.97
235.31
637.85
149.47
4,515.65

Application of Fund

Mar '09-10

Net Block
Capital Work in
Progress
Investments
Inventories
Sundry Debtors
Cash and Bank
Balance
Loans and Advances
Fixed Deposits
Total Assets

1,916.11
279.24

2163.79
210.69

535.73
592.15
269.28
11.01

975.73
1019.11
488.11
32.78

830.85
81.28
4,515.65

79.57
2691.28
0
2770.85
567.81
769.14
1229.18
35.15
5371.93

0
3.96
0
3.96
-184.16
533.83
591.33
-114.32
856.28

Mar '12-11 Difference

506.63
0
5371.93

Percentage
0
0.147359
0
0.143121
-24.4903
226.8624
92.70675
-76.4836
18.9625

Percentage

247.68

12.92619

-68.55
440
426.96
218.83

-24.5488
82.13092
72.10335
81.26485

21.77
-324.22
-81.28
856.28

197.7293
-39.0227
-100
18.9625

Comparative Analysis Statement of Balance sheet of Nirma (Rs. In cr)

Sources of Fund

Mar '09-10

Equity Share Capital

Reserves
Revaluation Reserves
Networth
Secured Loans
Unsecured Loans
Current Liabilities
Provisions
Total Liabilities

79.57
2,687.32
0
2,766.89
751.97
235.31
637.85
149.47
4,515.65

Application of Fund

Mar '09-10

Net Block
Capital Work in
Progress
Investments
Inventories
Sundry Debtors
Cash and Bank
Balance
Loans and Advances
Fixed Deposits
Total Assets

1,916.11
279.24

Mar '12--13 Difference

79.57
2848.81
0
2928.41
691.51
847.32
1205.15
36.21
5708.6

0
161.49
0
161.52
-60.46
612.01
567.3
-113.26
1192.95

Mar '12-13 Difference

2063.14
272.36

535.73
592.15
269.28
11.01

953.73
1045.23
565.52
21.95

830.85
81.28
4,515.65

811.35
0
5708.6

Percentage
0
6.009333
0
5.837601
-8.04021
260.0867
88.93941
-75.7744
26.41812

Percentage

147.03

7.673359

-6.88
418
453.08
296.24

-2.46383
78.02438
76.5144
110.0119

10.94
-19.5
-81.28
1192.95

99.36421
-2.34699
-100
26.41812

Comparative Analysis Statement of Balance sheet of Nirma (Rs. In cr)

Sources of Fund

Mar '10-11

Mar '11-12 Difference

Equity Share Capital

Reserves
Revaluation Reserves
Networth
Secured Loans
Unsecured Loans
Current Liabilities
Provisions
Total Liabilities

79.57
2,752.40
0
2,831.97
875.03
115.36
647.93
75.91
4,517.27

Application of Fund

Mar '10-11

Net Block
Capital Work in
Progress
Investments
Inventories
Sundry Debtors
Cash and Bank
Balance
Loans and Advances
Fixed Deposits
Total Assets

1,813.91
179.78

2163.79
210.69

541.52
734.81
316.24
62.6

975.73
1019.11
488.11
32.78

867.08
1.33
4,517.27

79.57
2691.28
0
2770.85
567.81
769.14
1229.18
35.15
5371.93

0
-61.12
0
-61.12
-307.22
653.78
581.25
-40.76
854.66

Mar '12-11 Difference

506.63
0
5371.93

Percentage
0
-2.22061
0
-2.15821
-35.1097
566.7302
89.70876
-53.6952
18.91983

Percentage

349.88

19.28872

30.91
434.21
284.3
171.87

17.19324
80.18356
38.69027
54.34796

-29.82
-360.45
-1.33
854.66

-47.6358
-41.5706
-100
18.91983

Comparative Analysis Statement of Balance sheet of Nirma (Rs. In cr)

Sources of Fund

Mar '10-11

Mar '12-13 Difference

Equity Share Capital

Reserves
Revaluation Reserves
Networth
Secured Loans
Unsecured Loans
Current Liabilities
Provisions
Total Liabilities

79.57
2,752.40
0
2,831.97
875.03
115.36
647.93
75.91
4,517.27

Application of Fund

Mar '10-11

Net Block
Capital Work in
Progress
Investments
Inventories
Sundry Debtors
Cash and Bank
Balance
Loans and Advances
Fixed Deposits
Total Assets

1,813.91
179.78

2063.14
272.36

249.23
92.58

13.73993
51.49627

541.52
734.81
316.24
62.6

953.73
1045.23
565.52
21.95

412.21
310.42
249.28

76.12092
42.24493
78.82621

811.35
0
5708.6

-40.65
-55.73
-1.33
1191.33

-64.9361
-6.42732
-100
26.37279

867.08
1.33
4,517.27

79.57
2848.81
0
2928.41
691.51
847.32
1205.15
36.21
5708.6

Percentage

0
96.41
0
96.44
-183.52
731.96
557.22
-39.7
1191.33

Mar '12-13 Difference

0
3.502761
0
3.405403
-20.973
634.5007
86.00003
-52.2988
26.37279

Percentage

Comparative Analysis Statement of Balance sheet of Nirma (Rs. In cr)

Sources of Fund

Mar '11-12

Mar '12-13 Difference

79.57

Equity Share Capital

Reserves
Revaluation Reserves
Networth
Secured Loans
Unsecured Loans
Current Liabilities
Provisions
Total Liabilities

79.57
2691.28

2848.81

2770.85

2928.41

567.81

691.51

769.14

847.32

1229.18

1205.15

35.15

36.21

5371.93

5708.6

Application of Fund

Mar '12-11

Mar '12-13

2163.79

2063.14

210.69

272.36

975.73

953.73

1019.11

1045.23

488.11

565.52

32.78

21.95

506.63

811.35

5371.93

5708.6

Net Block
Capital Work in
Progress
Investments
Inventories
Sundry Debtors
Cash and Bank
Balance
Loans and Advances
Fixed Deposits
Total Assets

0
157.53
0
157.56
123.7
78.18
-24.03
1.06
336.67

Difference

Percentage
0
5.853349
0
5.686342
21.78546
10.1646
-1.95496
3.015647
6.267208

Percentage

-100.65

-4.65156

61.67
-22
26.12
77.41

29.27049
-2.25472
2.563021
15.85913

-10.83
304.72
0
336.67

-33.0384
60.14646
0
6.267208

Common size Analysis of Balance sheet of Nirma( Rs. In cr)

Particulars
Net Sales

Mar
'08-09

Mar 0910

3030.1

100

Mar
10-11
100

Mar
11-12

Mar
12-13

100

100

2223.4 100

3
3117.95

3246.65

6231.58

Cost of
goods sold

2617.4 86.379
6 9

2571.05

82.4596

2890.11

89.0182

5325.54

85.4605

1834.6 82.5148
6

Gross Profit

412.71 13.620
0

546.9

17.45037

356.54

10.98178

906.04

14.5394

388.77 17.4851

Less:
Operating
Expenses
Financial

0 0

0 0

0 0

90.50

2.9866
31

202.65

64.8711

69.20

2.13142

74.27

1.19183

100.01 4.498005

Selling and
Administrati
ve

570.49

18.826
996

728.91

23.37786

761.42

23.4524

789.93

12.6762

775.42 34.8749

Operating
Profit

433.49 14.305
79

913.65

29.3057

422.11

13.001

587.11

9.42152

575.05 25.8631

Add:Nonoperating
Income

-74.18

9.164933
064

.29393

18.25

0.562117

22.545

0.36178

18.264 0.82145
15

Less:Nonoperating
Exp

244.38 8.0648

287.56

9.2227

314.33

9.68167

356.554

5.72172

320.85 14.4306
45

Net Profit
Befor Tax

184.72 6.0960

287.92 9.23523

77.07 2.37383

Less Taxes

31.29 1.0326
1

47.22 1.51445

3.03 0.09332

Net Profit
After Tax

153.43 5.0634
1

-2.4480

240.70

7.71981

74.04

2.2805

350.46 5.6239
72 1.15540
61.12 0.996854

246.29 11.0770
51 2.29375
173.87 7.8198

Common size Analysis of Balance sheet of Nirma( Rs. In cr)

Sources of
Fund
Equity Share
Capital
Reserves
Revaluation
Reserves
Networth
Secured
Loans
Unsecured
Loans
Current
Liabilities
Provisions

Mar
%
Mar 09- %
Mar
%
Mar
%
Mar
%
'08-09
10
10-11
11-12
12-13
79.57 1.7716
79.57 1.762094
79.57 1.761462
1.481218
79.57 1.393861
79.57
63
2,521.4 56.141
2,687.32 59.51126 2,752.40 60.93061 2691.28
50.0989 2848.8 49.9038
7
71
1
0
0
0
0
0
0
0
0
0
0
2,601.0
4
1,048.1
2
66.84
639.98
135.28

57.913
37
23.336
88
1.4882
24
14.249
45
3.0120
72
100

2,766.89

61.27335

2,831.97

62.69207

2770.85

51.58015

751.97

16.65253

875.03

19.37077

567.81

209.47

4.638756

86.43

1.913324

769.14

637.85

14.12532

647.93

14.3434

1229.18

10.56994
4
14.43775
9
22.88

149.47

3.310044

75.91

1.68044

35.15

0.6543

4,515.65

100

4,517.27

100

5371.93

100

Total
Liabilities

4,491.2
6

Application
of Fund
Net Block

Mar
%
Mar 09- %
Mar
%
'08-09
10
10-11
1,918.9 42.726
1,916.11 42.43265 1,813.91 40.15501
4
09
243.08 5.4122
279.24 6.183827
179.78 3.979837
9
539.77 12.018
535.73 11.86385
541.52 11.98777
23
600.27 13.365
592.15 13.11328
734.81 16.26668
29
250.49 5.5772
269.28 5.963261
316.24 7.000688
77
13.09 0.2914
11.01 0.243819
62.6 1.385793
55

Capital Work
in Progress
Investments
Inventories
Sundry
Debtors
Cash and
Bank
Balance
Loans and
Advances
Fixed
Deposits
Total Assets

725.12
200.5
4,491.2
6

16.145
14
4.4642
26
100

Mar %
'12-11
2163.79 40.27956
4
210.69 3.922054
975.73

2928.4 51.29821
1
691.51 12.11347
847.32 14.48286
1205.1 21.16368
5
36.21 0.63430
5708.6

100

Mar %
'12-13
2063.1 36.14091
4
272.36 4.771047

1019.11

18.16324
9
18.97102

953.73 16.70689

488.11

9.0863

1045.2 18.30974
3
565.52 9.90645

32.78

1.51493

21.95 0.38450

811.35 39.3259

830.85

18.39934

867.08

19.19478

506.63

23.4140

81.28

1.799962

1.33

0.029443

4,515.65

100

4,517.27

100

5371.93

100

5708.6

100