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SUMMER TRAINING REPORT

ON
ANALYSIS OF CASH FLOW STATEMENT
AT
BALLARPUR INDUSTRIES LIMITED

Submitted in partial fulfillment of the degree of


Bachelor of Business Administration (Computer Aided Management)
of Maharshi Dayanand University, Rohtak
Session (2016-2017)

SUBMITTED TO: SUBMITTED BY:

Ms. BHARTI AGGARWAL MOHIT NASA

(LECTURER, BBA DEPARTMENT) BBA (CAM)-5th SEM.

ROLL NO: - 26063

REG NO.:-

UNIV. ROLL NO:-

D.A.V CENTENARY COLLEGE, FARIDABAD


(NH-3, N.I.T Faridabad-121001)
1
ACKNOWLEDGEMENT

This report has made possible through the direct and indirect co-operation of several eminent
people from whom i wish express my appreciation gratitude.

Through this column, i wish to express my heartiest gratitude and thanks to my project guide and
the finance head of the company without whom the completion of this project would not have
been possible. Their valuable experience and exceptional mentoring provided me with gainful
insights of practical application of the topic, which was indispensible for the successful
completion of the project.

I am extremely grateful to Ms.Bharti Aggarwal, faculty member of DAV Centenary College,


Faridabad for her guidance and invaluable advice during the project preparation.

MOHIT NASA
PREFACE

This project is designed as the final report of summer training. Summer training is an essential
part of any professional study. It introduces the student to the real world in which he is going to
step in after his professional studies.

Summer training introduces the student to the industry tells him/her about the job aspects in the
near future when he is about to leave the college for a job.
In the field of management apart from the theoretical knowledge particle knowledge is also an
essential part, because it helps the student to gain knowledge of the ongoing changes required in
the industry.
Therefore industrial training should be imposed after the forth semester of B.B.A (CAM)
degree to the shaping the student and accustom him/her to the industry.

I got the opportunity to work with Ballarpur Industries Limited under the guidance of their most
superior staff.
INDEX

CHAPTER TOPIC PAGE


NO.

CHAPTER 1 INTRODUCTION OF THE TOPIC

CHAPTER 2 INDUSTRY AND COMPANY PROFILE

CHAPTER 3 REVIEW OF LITERATURE

CHAPTER 4 RESEARCH METHODOLOGY

OBJECTIVES OF THE STUDY

SCOPE OF THE STUDY

RESEARCH DESIGN
a) DATA COLLECTION METHODS
b) DATA ANALYSIS

LIMITATIONS OF THE STUDY

CHAPTER 5 DATA ANALYSIS AND INTERPRETATION

CHAPTER 6 CONCLUSIONS AND SUGGESTIONS

CHAPTER 7 BIBLIOGRAPHY

CHAPTER 8 ANNEXURE
CHAPTER-1
INTRODUCTION TO
THE TOPIC
CASH FLOW STATEMENT
Cash flow statement is a statement that shows the flow of cash and cash equivalents during a
particular period.

KEY TERM USED IN CASH FLOW STATEMENT-

CASH
Cash comprises cash on hand and demand deposit with banks.

CASH EQUIPMENTS
Cash equipments are short term, liquid investments that are readily convertible into known
amounts of cash and which are subject to an in significant risk of change in value. Example of
cash equipments are treasury bills, commercial paper etc.

CASH FLOWS
Cash flows are inflows and outflows of cash equipments. It means the movement of cash into
organization and movement of cash out of the organization. The difference between the cash
inflows and outflows is known a net cash flow, which can be either net cash inflow or net cash
outflow.

OPERATING ACTIVITIES
Operating activities are the principle revenue producing activities of the enterprise and other
activities that are not investing or financing activities.

INVESTING ACTIVITIES
Investing activities are the acquisition and disposal of long term assets and other investment not
included in cash equivalents.
FINANCING ACTIVITIES
Financing activities are the activities that result in change in the size and composition of the
owners capital (including preference share capital in the case of a company) and borrowing of
the enterprise.

CASH FLOW STATEMENT


A CFS is statement-showing inflows and out flows of cash during a particular period. In other, it
is a summary of sources and application of cash during a particular spend of time. It analysis the
changes in balance of cash between the two balance sheet dates. The term cash stands for cash
and cash equipments.
This cash balances sheet can be matched with the firm needs for cash during the period; and
accordingly, arrangements can be made the deficit or invest the surplus cash temporarily. A
historical analysis of cash flows provides insight reliable cash flow projection for the immediate
future.CFS explains the causes of changes in the cash balances of the firm by showing the
sources of cash receipts and purposes for which the payments were made.

USES OF CASH FLOW STATEMENT

1. Useful for short term financial planning


2. Useful in preparing the cash budget
3. Comparison with cash budget
4. Study of the trend of cash receipts and payment
5. It explains the deviations of cash from earning
6. Helpful in Ascertaining Cash from various Activities Separately
7. Helpful in making dividend decision
SOURCES OF CASH

The following are the sources of cash:


1. Increase in liabilities
2. Decrease in assets (expect cash)
3. The profitable operation of the firm and
4. Sale proceeds from ordinary or preference share issue.

APPLICATIONS OF CASH

The following are the application of cash:


1. Decrease in liabilities
2. The loss from operations
3. Increase in assets (except cash)
4. Redemption on redeemable preferences

ADVANTAGE OF CASH FLOW STATEMENT

The chief advantages of cash flow statement are:

1. A projected cash flow statement can be prepared in order to know the future cash position
of a concern so to enable a firm to plan and coordinate its financial operations properly.

2. By preparing this statement, a firm can come to know as to much cash will be needed to
make various payment and hence the can plan to arrange for the future requirement of
cash.

3. Cash flow analysis is more useful and appropriate than flow analysis for short-term
analysis, as is very short period it is cash, which is more reverence then the working
capital for forecasting the ability of the firm to, meets its immediate obligation.
4. Cash flow statement prepared according to As-3 is more suitable for making comparison
then the fund flow statements is no standard format used for the same.

5. Science cash flow statement is basis of accounting; it is very useful in the evolution of
cash position of the firm.

6. Cash flow statement helps in planning the repayment of loan, replacement of fixed assets
and other similar long term planning of cash.

7. It had better explain the causes for poor cash position in spite of substantial profit in a
firm by throwing light on various applications of cash made by firm.

8. A series of intra-firm and inter-firm cash flow statement reveals whatever the firm
liquidity is improving or deteriorating and in comparison to other firms over a given
period.

LIMITATIONS OF CASH FLOW STATEMENT

Even cash flow has a lot of advantage, cash flow statement suffer from the following limitation:

1. Cash flow statement is not suitable for judging the profitable of a firm as non-cash
charges are ignored while calculating cash flow from the operating activities.

2. It does not present the true liquidity of a firm because the liquidity does not depend upon
cash alone. Liquidity also depends upon those assets, which can be converted into cash
easily.

As cash flow statement is based on cash basis of accounting, it ignores the basic accounting
concept of accrual basis.
CHAPTER-2
INDUSTRY AND
COMPANY
PROFILE
INDUSTRY PROFILE

There are many companies which are related to this industry. These are the following:-
1) ITC Paperboards & Specialty Papers Division

Corporate office Secunderabad, Andhra Pradesh


Establishment 1979
Business Paperboard

2) Tamil Nadu Newsprint and Papers Ltd.


Corporate office Chennai, Tamil Nadu
Establishment 1979
Business Paper Mill

3) JK Paper

Corporate office New Delhi, India


Establishment 1966
Business Paper Mill

4) West Coast Paper Mills Ltd.

Corporate office Bangalore, Karnataka


Establishment 1955
Business Paper & boards

5) Ballarpur Industries Ltd.

Corporate office Gurgaon, Haryana


Establishment 1945
Business Writing & Printing paper
6) Andhra Pradesh Paper Mills Ltd.

Corporate office Hyderabad, Andhra Pradesh


Establishment 1964
Business Paper

7) Century Textile & industries Ltd.

Corporate office Noida, India


Establishment 1984
Business Printing & Writing Paper, tissue, RGP products & board

8) Seshasayee Paper and Boards Ltd.

Corporate office Erode, Tamil Nadu


Establishment 1960
Business Pulp, paper board & paper

9) Rainbow Papers Ltd.

Corporate office Ahmadabad, Gujarat


Establishment 1981
Business Coated Paper, Paper & Paper Board, Crepe Paper

10) Orient Paper & Industries Ltd.

Corporate office Kolkata, West Bengal


Establishment 1939
Business writing, printing, speciality & industrial papers
BALLARPUR INDUSTRIES LIMITED

Ballarpur Industries Limited (BILT) is a flagship of the US$4 bn Avantha Group and India's
largest manufacturer of writing and printing (W&P) paper. The current chairman of the company
is Gautam Thapar, who succeeded his late uncle L.M. Thapar.

BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper
company, and BILT Tree Tech Limited (BTTL), which runs BILT's farm forestry programmed in
several states in India.

BILT has six manufacturing units across India, which give the company geographic coverage
over most of the domestic market. BILT has a dominant share of the high-end coated paper
segment in India. The company accounts for over 50% of the coated wood-free paper market, an
impressive 85% of the bond paper market and nearly 45% of the hi-bright Map litho market,
besides being India's largest exporter of coated paper.

Building on its unmatched paper quality, BILT ventured into the paper-based office stationery
segment. The company markets its stationery through a well-established network of 350 retail
distributors spread over 270 locations. BILT has mega brands such as BILT Royal Executive
Bond, BILT Copy Power, BILT Image Copier and BILT Matrix that have now become an
integral part of office stationery. BILT Ten on Ten notebooks are targeted at students and are also
available with licensed characters such as Barbie, Spiderman, Winnie the Pooh, Hot wheels,
Jungle King and Hannah Montana. BILT Student Stationery has won Product of the Year award
for the last three consecutive years. In 2008, BILT forayed into organized retail through P3
Paper, Print and Pens serving both B2C and B2B clients across India.

In 2005, BILT entered into the tissue and hygiene business with two brands: Etiquette and
Spruce-up. Since then, the company has acquired Premier Tissues India Limited, the leading
player in hygiene tissue products in the domestic retail market.

BILTs acquisition of SFI, Malaysia, in 2007 was a watershed event it was the first overseas
acquisition by an Indian paper company, it transformed BILT into a major regional player, and
elevated BILTs ranking among the global top 100.

BILT is headquartered in Gurgaon in Haryana.

Its 3 central nurseries are in:

Maharashtra

Orissa

Telangana

The company has manufacturing units in the following locations in India

1. Ashti, Gadchiroli, Maharashtra

2. Ballarpur or Ballarshah, Chandrapur District, Maharashtra


3. Bhigwan, Pune District, Maharashtra

4. Kamalapuram, Warangal District, Telangana

5. Sewa, Jeypore, Orissa

6. Yamuna Nagar, Yamuna Nagar District, Haryana

Its Malaysian operations are based out of Sabah, Malaysia.

HERITAGE

The history of Ballarpur Industries Limited - BILT , the parent company of Bilt Paper B.V. dates
back Indias pre-independence era when in 1945, the company was incorporated. In 1968 the
IPO of Ballarpur Industries Limited was listed on National Stock Exchange of India. BILT
acquired Sinar Mas India in 2001, the then largest producer of coated paper in India.

VISION, MISSION & VALUES

VISION-
Our aspiration is to become a leading creator of Shareholder Value in the Paper Industry. To
achieve this , we will use the ENERGY of our people , develop and implement LEADING
EDGE technologies and draw on both to deliver EFFECTIVE world class solutions to our
customers.

MISSION-

To consistently outperform expectations and deliver VALUE to both our Customers and
Stakeholders. To achieve this we will ENERGISE our people with a positive culture that rewards
INNOVATION, breeds INITIATIVE and encourages INTELLIGENT risk taking.
VALUES-

Integrity - in both personal and professional relationships


Following ethical business practices

Honoring our commitments to all stakeholders

Being open and sincere in all our dealings

Being accountable and taking ownership

Providing genuine value through our products and services

Imagination - that drives our actions


Constantly searching for "the new" in all spheres (be it
products, processes, markets, geographies)

Encouraging and implementing original ideas and "out-of-the-


box" thinking

Being agile and responsive to change

Leveraging knowledge and technology to drive innovation

Individual - a commitment to value people

Respect for individuals and recognizing their contribution

Being fair, offering equal opportunity


Encouraging openness and freedom of expression

Ensuring prompt response to issues and concerns

Empowering and stimulating employees to realize potential


BALLAPUR INDUSTRIES LTD.

(UNIT SHREE GOPAL, YAMUNA NAGAR (HR))

UNIT Shree Gopal is at Yamuna Nagar in Haryana, which is contributing 30% towards total
production of paper manufactured by Ballarpur Industries Ltd. This mill was taken by Thapars
in 1973. over the years with the process of rebuilding, expansion and diversification today Shree
Gopal is one of the largest units of Ballarpur Industries.

The unit employs 3300 people and manufacturers quality writing printing, writing and coated
papers. The unit has paper machines with the capacity of manufacturing 70 tons of paper. The
unit also has two paper coated machines with a capacity of producing 17000 tons of coated
paper.

Apart from paper and paper coating machines the unit has caustic soda, chlorine and
hydrochloric acid plant, where products are manufactured. The unit also has captive power plant
of 22MW capacity.

Unit, Shree Gopal is today, the third largest corporate in India, a part of BILT spread over 15
unit and 8 subsidiaries.

Unit Shree Gopal being based on primary raw material sources etc. is using greatest variety of
raw material than any other paper mill in country. At present his unit is producing 200 tons of
paper and 36 tons of chlorine gas mill.

Originally Punjab pulp and paper mils, it was promoted by Lala Kashi Ram in 1928 acquired
by Late Lala Karam Chand Thapar in 1936.

Total Areas : 206 Acres

Factory Area : 155 Acres

Colony Area : 51 Acres

Turnover : Rs. 24-26 crore per month

Production : App. 6000 MT per month


Dispatch : App. 6000 MT per month

Total Power Consumption :17.2 MW (17200 KW/H)

Manpower:

The unit employs 3300 people.

Managerial Staff : 238

Classical Staff : 162

Skilled worker : 1233

Semi Skilled : 236

Unskilled : 349

BILT Manufacture:

This unit is supported by:

6 paper Machines

2 Coating Plant

3 Finishing House

2 Power House

1 Caustic Soda Plant

1 pulp Mill
Unit Shree Gopal and its colony premise are spread over a spacious 168 acres of land with
colony consisting of 1248 residence and two clubs separately for workers and officers.

There are two recognized trade union at Unit Shree Gopal.

1) Shree Gopal Labour Union.

2) Shree Gopal Kamgar Union.

BILT is the undisputed leader in the Indian paper industry. It is also Indias largest manufacturer
and exporter of paper, with a strong presence in all segments of the usage spectrum that includes
Writing & Printing Paper, Industrial paper and specialty paper. Complementing this is a
diversified production infrastructure with six manufacturing units spread across the country.

In recent years, BILT has evolved as a more dynamic, knowledge driven organization focused
towards creation of stakeholder value. In the process, it has also transformed the paper industry
from its traditional commodity market mindset to a branded one. A concerted program of
innovation and technological excellence helps it proactively respond to the needs of each
individual segment. Today, BILT not only has the range, but also a well entrenched distribution
networks that enable it to reach customers, any time, any place.

As the industry leader, BILT is committed to developing its business towards ecological, social
and economic sustainability. Community development and upliftment of the marginalized class
have been identified as focus areas. BILT has joined hands with Pratham, an NGO that runs
primary education programs all over the country. A key initiative in environmental accountability
is the BILT farm forestry program that has covered more than 7500 farmers since 2001.
Corporate Milestones

BILT has demonstrated a tradition of leadership across six decades and three generations. Over
the years, it has only emerged as a more dynamic, focused corporate leveraging its vast asset and
knowledge pool to enhance shareholder value. Its pathway through the history can be
summarized as follows:

1945 - Ballarpur Paper and Straw Board Mills Limited incorporated. First brand name Three
Aces for paper and wisdom for stationary.

1969 - Shree Gopal Paper Mills Limited merges with Ballarpur Paper and Straw Board Mill
Limited.

1975 - Entity name changed to Ballarpur Industries Limited.

2001 - Sinar Mar Pulp and paper (India) Limited acquired and renamed BILT Graphic Paper
Limited (BGPL)

2003 - BILT Graphic Papers Limited merged with BILT US $ 80 million raised through FCCB
and GDS issue.

There are nine levels into the unit hierarchy which are as follows:

Level 8 : Chief General Manager

Level 7 : General Manager

Level 6 : Dypt. General Manager

Level 5 : Manager

Level 4 : Dypt. Manager

Level 3 : Asstt. Manager

Level 2 : Executive
Level 1 : Officer

SWOT ANALYSIS

In simple terms, SWOT analysis can be defined as, the overall evaluation of a
companys strengths, weaknesses, opportunities and threats.

S - Strengths

W - Weaknesses

O - Opportunities

T - Threats

Each business needs to evaluate its internal and external environment periodically. The internal
environment refers to all the factors with in an organization, which impart strengths or cause
weaknesses of a strategic nature. The external environment includes all the factors outside the
organization, which provide opportunities or pose threats to the organization.

Strengths:

Strength is an inherent capacity, which an organization can use to gain strategic advantage. The
Shree Gopal Unit has following strengths which are of use to its strategic advantage;

The foremost strength of Unit Shree Gopal is its specially plant which produces fine coated
paper and competes with the imports of the country thus, enjoy a monopoly.

BILT enjoy good reputation all over the country because of its high quality paper and
prompt delivery. This is its major strength.

Another major strength of BILT is its backward integation of Caustic Soda Plant which
provides undisturbed procurement of chemicals as and when required and thus, allows
uninterrupted production at low costs.
Weaknesses:

A weakness is an inherent limitation or constraint which creates strategic disadvantages. The


shree gopal unit has following weaknesses which may lead to its strategic disadvantages:

A major weakness of Unit Shree Gopal is its low emphasis on marketing. Although,
BILT has a good market share but, lagging in marketing efforts. It was found that the
competitors are spending immensely on marketing and promotion activities which
may pose a threat in the coming future for BILT.

Another weakness of Unit Shree Gopal is its reliance on outside transportation


facilities which paralyses the delivery plan according to the will and wish of thhe
transporters.

The company is also facing the shortage of power supply due to electricity cuts. It
uses power generated by coal which is a costy alternative resulting into the increase
of production.

Opportunities:

An opportunity is a favorable condition in the organization which enables it to consolidate and


strengthen its position. Unit Shree Gopal Sees certain opportunities which can be explored well:

The major opportunity ahead of BILT is to expand its scale of operation in new
market segments. This relates to increasing customer base and/ or providing a better
product range.

The expansion Strategy among the Grand Corporate Strategies state to increase the
customer base. Unit Shree Gopal can increase the production capacity and sell out its
surplus to new unexplored markets.

It can also provide a better product range to its existing customer by providing better
quality variety in paper which can fetch them more profits.
Threats:

A threat is an unfavorable condition in the organizations environment which creates a risk for,
or cause damage to the organization. Unit Shree Gopal, face certain threats from the external
environment:

The Unit is facing the problem for future expansion because the city has been
spaced out around the mill and now there is hardly any space for future
expansion. This poses the biggest threat to the mill.

Waste paper from raw material as and pollution by-products pose another threat to
the Unit. As in recent times, government has directed efforts towards compelling
firms to be more eco-friendly which involves change in the methods and
machines as well.

HUMAN RESOURCES PHILOSOPHY OF BILT

It is a matter of deep faith in BILT, and in the Thapers Group in general, that resources are
most important and unique. Our belief is that given the right encouragement, and environment,
individual can be motivated to develop their maximum potential. They believe that each human
being among us is a storehouse of enormous potential. By giving culture, and atmosphere this
enormous potential can be developed to the benefit of both the individual has certain preferences
for introversion or extroversion, for gathering data through either sense, perception or intuition,
for processing data by feeling or by thinking, and for either planning our ones life in terms of
ordered actions of living according to impulses arising on the spur of the moment. It is the matter
of organizational policy for its to try and proven methodologies to identity ones ingrained
preferences.

Knowledge of these preferences helps us to train and develop the person on the right course.
Training and development and career planning are scientifically activities for us. The
international recognized has been used to restructure the organization structure and build a pay
or performance system on international lines.

PRODUCTS OF BILT

Products of BILT are mainly categorized as

1. Coated paper

2. Uncoated paper

Art Paper Hi-Bright


C2S Premium
Art Paper Copy Paper
C1S Traded
Art Board Products
C2S M.G. Poster
LWC Ledger
SBS Boar Ivory Board

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AWARDS & RECOGNITION

Awards and Recognition are a means of reposing the faith of various stake holders in endorsing
the business practices and process of an organization. BILT has been awarded and recognized at
various national and international forums in various business areas. Major achievements are
mentioned below -

Plant Ballarpur
IPMA (Indian Paper Manufactures Association) Award for Energy Conservation 2013.

CII GBC Energy Conservation Award in the year 2012 & year 2013.

CII GBC Environmental Best Practices Award in the year 2011 & year 2012

Shortlisted by RISI, PPI Pulp & Paper International for Environmental Category Award
2013.

Excellence in Energy Conservation & Management Award 2011 by MEDA, Pune

Plant Bhigwan
India Corporate Governance & Sustainability Vision Award for Water Stewardship
2013.

PPI International Award for Water Efficiency 2012

Quality Excellence & Leadership Awards for Safety and Environment Sustainability
2013.

Finalist of RISI PPI International Award 2014 in Water Efficiency Category.

Paryavaran Gaurav Puraskar by Environmental Club of India and Maharashtra


Pollution Control Board for Best Environmental Performance 2013

Indian Manufacturing Excellence Award 2012 -"Silver Certificate of Merit" from the
Economic Times and Frost & Sullivan
Plant Ballarpur

IPMA (Indian Paper Manufactures Association) Award for Energy Conservation 2013.

CII GBC Energy Conservation Award in the year 2012 & year 2013.

CII GBC Environmental Best Practices Award in the year 2011 & year 2012

Shortlisted by RISI, PPI Pulp & Paper International for Environmental Category Award
2013.

Excellence in Energy Conservation & Management Award 2011 by MEDA, Pune

Plant Sewa
2nd Runner up award by RISI-PPI for Innovative Product Category Award 2013.

Received award from Govt. Of Odisha for longest accident free period for the year 2010

Plant SFI
JCI UN Socially Responsible Company (SRC) Awards 2012 for the community
initiatives

Gold Class 1 Award by The Malaysian Society for Occupational Safety and Health for
OSH performance 2012.

Super brands India


Business Super brand Status in the year 2005,2008 & 2011

Consumer Super brands Status in the year 2007, 2009 & 2012

Product of the Year


BILT Notebooks - Product of the Year award in the year 2012, 2013 & 2014
BILT MATRIX Premium Paper - Product of the Year award in the year 2012.

BILT Students Stationery - Product of the Year award in the year 2011

BILT TEN ON TEN Students Stationery & BILT Eco Friendly Stationery - Product of the
Year award in the year 2010

BILT MATRIX Paper & BILT Youth Series Notebooks - Product of the Year award in the
year 2009

Export
The Top Export Award in year 2010-11 & year 2011-12 by the Chemical & Allied Export
Promotion council of India (CAPEXIL), an export promotion body sponsored by the
Ministry of Commerce & Industry. The award was conferred on being the highest
Exporter of Paper & Paperboards from the country during these financial years.

CSR
Golden Peacock Global Award for Corporate Social Responsibility in Emerging
Economies 2007

2007 Intel AIM Corporate Responsibility Award

TERI Corporate Award for Business Response to HIV/AIDS in 2008

Red Ribbon Award 2008 by Orissa State Aids Control Society (OSACS)

Level 4 CSR Company in a rating given by Karmayog for 2008-2009 and 2009-2010.
CHAPTER-3

REVIEW
OF
LITERATURE
CASH FLOW STATEMENT

A CFS is statement-showing inflows and out flows of cash during a particular period. In other, it
is a summary of sources and application of cash during a particular spend of time.. The CFS is
intended to provide information about the flows of cash of a firm and is useful to asses the ability
of the firm to generate cash and cash equivalent and the needs of the firm to utilize these cash
flow. The primary objective of the CFS therefore, is to provide information regarding cash
inflows and outflows during the year. As per the format given in AS-3 (received), the CFS
summarizes the cash receipt, cash payments and net change in cash position resulting, investing,
and financing activities of a firm during the period

This cash balances sheet can be matched with the firm needs for cash during the period; and
accordingly, arrangements can be made the deficit or invest the surplus cash temporarily. A
historical analysis of cash flows provides insight reliable cash flow projection for the immediate
future.

CFS explains the causes of changes in the cash balances of the firm by showing the sources of
cash receipts and purposes for which the payments were made.

PROCEDURE FOR PREPARING CASH FLOW STATEMENT;-

CASH
Cash comprises cash on hand and demand with banks. Cash is the money in the form of
currency. This includes all bills, coins and currency notes.
CASH EQUIVALENTS

Cash equivalents are short term, liquid investments that are readily convertible into known
amounts of cash and which are subject to an in significant risk of change in value. Example of
cash equipments are treasury bills, commercial paper etc. These include bank
accounts, marketable securities, commercial paper, Treasury bills and short-term government
bonds with a maturity date of three months or less. Marketable securities and money
market holdings are considered cash equivalents because they are liquid and not subject to
material fluctuations in value.

CASH FLOWS
Cash Flows are inflows and outflows of cash equipments. It means the movement of cash into
organization and movement of cash out of the organization. The difference between the cash
inflows and outflows is known a net cash flow, which can be either net cash inflow or net cash
outflow.

CLASSIFICATION OF CASH FLOW

The cash flow during a period is classified into three main categories of cash inflow and outflow:

Cash Flow from operating Activities

Cash Flow from Investing Activities

Cash Flow from Financing Activities


CASH FLOW FROM OPERATING ACTIVITIES

Operating activities are the principal revenue-producing activities of the enterprise and the other
activities that are not investing and financing activities that are not investing and financing
activities. Operating activities enter into the determination of net profit or loss.

Cash flows from operating activities include the following:

Cash payments to and on behalf of employees.

Cash payments to suppliers for goods and services.

Cash receipts from the sale of goods and the rendering of service.

Cash receipts from royalties, fees, commission, and other revenue.

Cash receipts and payments of an insurance enterprise for premiums and claims
annuities and other policy of benefits
CASH FLOW FROM INVESTING ACTIVITIES

Investing activities are the acquisition and disposal of long-term assets other investing not
include in cash equipment. In other words, investing activities include transitions and events that
involve the purchase and sale of long-term productive assets are not held for resale and other
investments.

The following are examples of cash flows arising from investing activities:

Cash payments to required shares, warrants, or debt instruments of other enterprises and
interest in joint ventures (other then payments for those instruments considered cash
equipments and those held for dealing or trading expenses).

Cash receipts from disposal of shares, warrants, or debts instruments of other enterprises
and interest in joint ventures (other then receipts for those instruments considered cash
equivalents and those held for dealing or purposes.)

Cash advances and loans made to third parties other than advances and loans made by a
financial enterprise.

Cash receipts and payments relating to future contracts, and swap contracts except when
the contract are held for dealing or trading purposes or the receipts are classified as
financing activities.

Cash payments to acquire fixed assets (including intangible). These payments include
those relating to capitalized research and development cost and self-constructed fixed
assets.
CASH FLOW FROM FINANCING ACTIVITIES

Financing activities are those activities that result in the change in the size and composition of
the owners capital (including preface share capital, in case of the company) and borrowing of
the enterprises.

Following are the examples of cash flow arising from financing activities:

Payment of interest;
Payment of dividend;
Repayment of borrowings;
Cash proceeds from long term borrowings;
Cash processes from issuing share or other similar instructions.

STEP BY STEP PROCEDURE TO PREPARE CASH FLOW STATEMENT

(1) Calculate the net increase or decrease in cash and cash equivalents:
For this purpose, the operating balance of total cash and cash equivalents is compared with
the closing balance of cash and cash equivalents.

Increase / decrease in cash and cash equivalents

Operating balance closing balance

Cash in hand **** ****


Cash at bank **** ****
Short term **** ****
Total **** ****
The difference between the totals and closing balance will be the increase or decrease in cash
equivalents during the period. It may be noted that if there are only one or two items of cash etc.

(2) Net cash flow from operating activities:


The term operating refers to the normal purchase of goods and services. Based on the
information contained in the comparative BS and IS and the additional information, the net
cash flow generated or used by the operating activities may be ascertained. The IS prepared
by the firms gives the net profit figure earned by the firm gives the net profit figure earned
by the firm, on actual basis of earned / accrued even. If not resulting in cash movements, the
profit or loss as by the may not result in increase / decrease in cash balance by the same
amount.

(3) Calculation of cash provided by financing and investing activities:


All other items are analyzed in the light of additional information to find out the resultant
cash flow if any. For this purpose, different items and information is classified into financing
activities and investing activities.

(4) Preparation of CFS:


Based on the information collection made, now the CFS can be prepared as per any of the
formats. The net cash flow provided by operating activities plus investment activities is
equal to the net change in cash and equivalents.

(5) Other items:


If there is any other investment or financing truncations that should be disclosed in the CFS,
e.g. there may be a purchase of an asset by issue of capital or debenture. This transaction will
not find place in the usual CFS but must be disclosed to make the CFS a useful and
meaningful document.
METHODS FOR PREPARING THE CASH FLOW STATEMENT
There are two methods for preparing the cash flow statement:
1. Direct method
2. Indirect method
Both methods yield the same result, but different procedures are used to arrive at the cash flow

1) DIRECT METHOD
Under the direct method, we are analyzing our cash and bank accounts to identify cash flows
during the period. We could use a detailed general lender report showing all the entries to the
cash and bank accounts, or we could use the cash receipts and disbursements journals. We would
then determine the offsetting entry for each cash movement.
Now Entry is made in order to where each cash movement should be reported on the cash flow
statement. Some examples for the operating activities section include:

CASH RECEIPTS FROM CUSTOMERS:


Net sales per the income statement
Equals cash receipts from customers
Minus ending balance in accounts receivable
Plus beginning balance in accounts receivable

CASH RECEIPTS FROM INVENTORY:


Ending inventory
Minus beginning inventory
Equals cash payments for inventory
Plus beginning balance in accounts payable to vendors

CASH PAID TO EMPLOYEES:


Equals cash paid to employees
Salaries and wages per the income statement
Plus beginning balance in salaries and wages payable
Minus ending balance in salaries and wages payable

CASH PAID FOR OPERATING EXPENSES:


Minus deprecation expenses
Equals cash paid for operating expenses
Operating expenses per the income statement
Plus increase or minus decrees in prepaid expense
Plus decrease or minus increase in accrued expenses

TAX PAID:
Tax expense per the income statement
Plus beginning balance in taxes payable
Minus ending balance in taxes payable
Equal taxes paid

INTEREST PAID:
Interest expense per the income statement
Plus beginning balance in interest payable
Minus ending balance in interest payable
Equal interest paid

Under the direct method, for this example, you would then report the following in the cash flows
from operating activities section of the cash flow statement:

Cash receipts from customers


Cash payment for inventory
Cash paid to employees
Cash paid for operating expense
taxes paid
interest paid
equal net cash provided by (used in) operating activities
Similar types of calculation can be made of the balance sheet accounts to estimate the effects of
accrual accounting and determine the cash flows to be recorded in the investing activities and
financing activities sections of the cash flow statement.

2) INDIRECT METHOD
In preparing the cash flows from operating activities section under the indirect method, we start
with net income per the income statement, revenue out entries to income and expense accounts
that do not involve a cash movement, and show the change in net working capital. Entries that
effect net income but do not represent cash flows could include income we have earned but not
received amortization of prepaid expenses, accrued expense, and deprecation or amortization.
Under this method, we are analyzing our income and expense accounts, and working capital. The
following is an example of how the indirect method would be presented on the cash flow
statement:
Net income per the income statement.
Equals cash flows before movements in working capital.
Plus entries to expenses accounts that do not represent cash flows.
Minus entries to income accounts that do not represent cash flows
A decrease in current assets would be shown as a positive figure, because other current
assets were converted into cash.
An increase in current assets (excluding cash and cash equipments) would be shown as a
negative figure because cash was spent or converted into other current assets, thereby
reducing the cash balance.
In increase in current liabilities (excluding short-term debt, which would be represented
in the financing activities section) would be shown as a figure since more liabilities
means that less cash was spent.
A decrease in current liabilities would be shown as a negative figure, because cash was
spent in order to reduce liabilities.
The net effect of the above would then be reported as cash provided by (used in)
operating activities. The cash flows from investing activities would be presented the same
way as under the direct method

CASH FLOW STATEMENT


DIRECT METHOD

CASH FLOWS FROM OPERATING ACTIVITIES () ()

Cash receipts from customer ****

Cash paid to suppliers and employees (****)

Cash generated from operation ****


Interest paid (****)
Cash flow before extraordinary item ****
+ Extraordinary items ****
Net cash from operating activities ****
CASH FLOW FROM INVESTING ACTIVITIES
Purchase of fixed assets ****
Proceeds from sale of equipments (****)
Interest received ****
Dividend received (****)
Net cash from investing activities ****
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from insurance of share capital ****
Proceeds from long term borrowings (****)
Repayment of long term borrowing ****
Interest paid ****
Dividend paid (****)
Net cash from financing activities ****
Net increase in cash and cash equivalent ****
Cash and cash equivalent at beginning of period ****
Cash and cash equivalents in end of period ****

CASH FLOW STATEMENT


(INDIRECT METHOD)
CASH FLOWS FROM OPERATING ACTIVITIES () ()
Net profit before taxation, and extra ordinary item ****
Adjustment for:
Depreciation ****
Foreign exchange loss ****
Interest income ****
Dividend income ****
Interest expense ****
Operating profit before working capital changes ****
Add:-
Decrease in current assets ****
Increase in current liabilities ****
Less:-
Increase in current assets ****
Cash generated from operations ****
Decrease in current liabilities ****
Income tax paid ****
Cash flow before extraordinary items ****
+ Extra ordinary items ****
Net cash from operating activities **** ****
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of fixed assets (****)
Sale of fixed assets ****
Purchase of investment (****)
Sale of investment ****
Interest received ****
Dividend received ****
Net cash from investing activities **** ****
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of share capital ****
Proceeds from long-term borrowing ****
Repayments of long-term borrowing ****
Interest paid ****
Dividend paid (****)
Net cash from financing activities ****
Net increase in cash in & cash equivalent ****
Cash and equivalent at beginning of period ****
Cash and cash equivalent at end of period ****
CHAPTER-4
RESEARCH
METHODOLOGY

RESEARCH METHODOLOGY

Research methodology is not only the application of the research methods but also the
comparison of the logic behind the methods that is being used in this context of research study
and explain why particular methods or techniques are used and why others are not being used.
Research methodology is the to systematically solve the research problem .In various steps that
are generally adopted by a researcher in studying his research problem along with the logic
behind them are studied in order to have a clear view of the study.

Research methodology is the way to systematically solve the research problem. It


may be understand as a science of studying how research is done scientifically. In it I study
the various steps that are generally adopted by a researcher in his research problem
along with the logic behind them. It is necessary f o r t h e researcher to know not only
the research method but also the methodology.

The report has different direction and features, including different steps as follows:
The research process includes the following steps:

Defining the problem


Statement of research objectives
Planning the research design
Planning the sample
Collection of data
Analyzing the data
Formulation of conclusion
Preparation of the report

OBJECTIVES OF THE STUDY

To find the movement of cash inflows and cash outflows.

To analysis the Balance sheet of the company in terms of Cash Flow Statement.

To know about the how to prepare cash flow statement of a company.

To make the comparisons between cash flow and cash outflow.

To focus on various activities of the originations in terms of operating, financing and


investment activities.
SCOPE OF THE STUDY

The present study was done on the topic Analysis of Cash Flow Statement At Ballarpur
Industries Limited. This project report is confined with financial department.

The scope of the report was confined to the outside parties like creditors, shareholder,
Governments, etc. who wants to invest their money in the company. Through this report, they
can come to know about the cash flow position of the company.
RESEARCH DESIGN

A research design is the plan of a research study. The design of a study defines the study type
(descriptive, co relational, semi-experimental, experimental, review, meta-analytic) and sub-
type(e.g., descriptive-longitudinal case study), research question, hypotheses, independent and
dependent variables, experimental design, and, if applicable, data collection methods and a
statistical analysis plan.

The research design refers to the overall strategy that you choose to integrate the different
components of the study in a coherent and logical way, thereby, ensuring you will effectively
address the research problem; it constitutes the blueprint for the collection, measurement, and
analysis of data.

Research design for the present study applied the descriptive research
Descriptive Research:-
Descriptive study is a fact- finding investigation with adequate interpretation. It is the simplest
type of research. It is more specific than an explanatory study, as it has focus on particular aspect
of the problem studied. It is designed to get her descriptive Information and provide information
for formulating more sophisticated studies. Data are collected by using one or more appropriate
method, observation, web sides, articles and companies that provide bill passing & payment
process.

Location of study Ballarpur Industries Limited


(Gurgaon)
Instrument for information Secondary Data: Journals, Magazines,
Web Sites, News Papers.

a) DATA COLLECTION METHODS

The study is conducted empirically using secondary data.

The secondary data is collected by the detailed study and critical analysis of the existing Annual
report of Ballarpur Industries. The data is also collected through the magazines, internet, website
and books etc.

SECONDORY DATA:-
Secondary data has been taken from bellow sources:
1) Reports
2) Newspapers
3) Magazines
4) Books

b) DATA ANALYSIS
In this study various statistical techniques like graphs and charts are used for data analysis.
LIMITATIONS OF THE STUDY

The study, through conducted to the best of the ability, suffers from some certain limitations.
There are:
Websites were not giving comprehensive data.

The data is secondary one and such its reliability may be questioned upon.

Element of Biases may be there due to more dependable on secondary Data.

The time availabilities for the study are less, and such it hinder the progress of the study.

The available data may not suit the current purpose of research due to incompleteness and
generalities.

There may be difficulty in identification of source.


Errors may be there in recording or transferring information from secondary sources.

The literature consulted is not relevant, not wide enough, not specialized enough or
outdated.

CHAPTER-5

DATA ANALYSIS
AND

INTERPRETATION

CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2016
(In Rupees)
31 March, 31 March, 31 March,
2016 2015 2014
A CASH FLOW FROM OPERATING ACTIVITIES
Profit before Tax 26835039 1,18,37,680 21577555
Adjustments to reconcile profit before tax to net cash flows:
Depreciation and amortisation expenses 7295036 48,46,838 6409513
Provision no longer required written back (48408692) (1369407) -----------
(Profit) / Loss on disposal / Write-off of Fixed Assets (net) (381284) --------- (239723)
Interest Income (5966309) (4345293) (3417317)
Bad debts 579546 4107500 ------------
Unused stores and spares written off ------------- 91354 ------------
Advances & deposits written off ------------- 659421 ------------
Investment written off ------------- 9500 -------------
Assets discarded 509523
Finance cost 80223
Excess provision relating to earlier years ------------- (4081) -------------
Operating profit before working capital changes: (19456918) (7836848) 24330028

Movements in working capital:


Increase/decrease in Trade receivables 3115053 (1793699) (9511078)
Increase/decrease in Inventories 3714678 41098622 (13543889)
Increase/decrease in loans ,advances and Other current (4474570) 24273045 (24804411)
assets
Increase/decrease in liabilities and provisions 10347982 (25631465) 70717823

Cash Generated from Operations (6753775) 30109655 47188473


Income taxes paid (net) (2672034) (896812) (945010)
Net cash flow from /(used in) operating activities (a) (9425809) 29212843 46243463

B. CASH FLOWS FROM INVESTING ACTIVITIES


Purchase of fixed assets including capital work in progress (10257001) (7881824) (10714326)
and capital advances
Proceeds from sale of fixed assets 465293 ----------- 614117
Interest received 2360652 4924556 2736268
Grant received 3680881 56700 ------------
(increase)/decrease in other bank balances (2467531) (18489239) 211295613

Net Cash flow from /(used in) investing activities (b) (6217706) (21389807) (28659554)

C. CASH FLOWS FROM FINANCING ACTIVITIES


increase/(decrease) in borrowings (266564) 973600 -----------
interest paid (80223) ------------ -----------
Net Cash flow from financing activities (c) (346787) 973600 ---------

NET INCREASE IN CASH & CASH EQUIVALENTS (15990302) 8796636 17583909


(a+b+c)

CASH AND CASH EQUIVALENTS AT THE 49994095 41197459 23613550


BEGINNING OF THE YEAR
CASH AND CASH EQUIVALENTS AT THE END OF 34003793 49994095 41197459
THE YEAR

ANALYSIS OF CASH FLOW

From the cash flow statement of the Ballarpur industries limited it can be analyzed from 2 years
cash balance that the net cash balance has decreased to Rs.34003793 in year 2015-16 from
Rs.41197459 in 2013-14
The net profit in the year 2015-16 is more than last year and due to certain other changes there
has been increase in the cash balance.
The depreciation has increased but it does not affect cash to an extent, as it is a non-cash item.
In the head of working capital, there is a drastic change in the balance in the form of loans &
advances and provisions which has affected the cash balance.
There is an increase in receivable as compared to the last year .
So, the net effect is that the cash from operating activities has decreased to that of the last year.
The net effect from investing activities has decreased to Rs. 6217706 in 2015-2016 from
Rs.28659554 in 2013-14
. There has been an in working capital limit of the company last year. Ultimately, the net cash
used in financing activities has increased than that of the last year.

The final net effect of all the above adjustments is that, Net Closing Balance of cash and cash
equivalents has increased in March 2016 from March 2015.

-
(346787) 973600 ---------

CASH FLOWS FROM DIFFERENT ACTIVITIES

CASH FLOWS FROM-


YEARS OPERATING INVESTING FINANCING
ACTIVITIES ACTIVITIES ACTIVITIES
Mar' 16 (94.25) (62.17) (3.46)
Mar' 15 29.21 (21.38) 9.73
Mar' 14 46.24 (28.65) 00

CASH FLOWS FROM DIFFERENT ACTIVITIES


60
40
20
0
-20 Mar' 16 Mar' 15 Mar' 14
(INOPERATING
LACS) ACTIVITIES INVESTING ACTIVITIES FINANCING ACTIVITIES
-40
-60
-80
-100
-120

YEAR
ANNUAL CASH FLOW FROM OPERATING ACTIVITIES

YEAR CASH FLOW FROM OPERATING


ACTIVITIES (IN LACS)
Mar' 16 -94.25
Mar' 15 29.21
Mar' 14 46.24
Mar' 13 50.52
Mar' 12 70.15

CASH FLOW FROM OPERATING ACTIVITIES


80 70.15
60 46.24 50.52
40 29.21
20
0
IN LACS -20 Mar' 16 Mar' 15 Mar' 14 Mar' 13 Mar' 12
-40
-60
-80
-100 -94.25
-120
ANNUAL CASH FLOW FROM INVESTING ACTIVITIES

YEAR CASH FLOW FROM INVESTING


ACTIVITIES (IN LACS)
Mar' 16 -62.17
Mar' 15 -21.38
Mar' 14 -28.65
Mar' 13 -32.35
Mar' 12 -30.56

CASH FLOW FROM INVESTING ACTIVITIES


0
Mar' 16 Mar' 15 Mar' 14 Mar' 13 Mar' 12
-10

-20
-21.38
-30
-28.65 -30.56
IN LACS -32.35
-40

-50

-60
-62.17
-70
ANNUAL CASH FLOW FROM FINANCING ACTIVITIES

YEAR CASH FLOW FROM FINANCING


ACTIVITIES (IN LACS)
Mar' 16 (3.46)
Mar' 15 9.73
Mar' 14 00
Mar' 13 7.25
Mar' 12 (2.56)

Cash Flow From Financing Activities


12
9.73
10
8 7.25
6
4
IN LACS
2
0
Mar' 16 Mar' 15 Mar'
0 14 Mar' 13 Mar' 12
-2
-4 -2.56
-3.46
-6
CASH AND CASH EQUIVALENTS IN THE BEGINING AND END OF THE
YEAR

CASH AND CASH EQUIVALENTS (in LACS)


IN THE BEGINNING AT THE END
March 16 499.94 340.03
March 15 411.97 499.94
March 14 236.13 411.97
March 13 200 236.13
March 12 196.56 200

CASH AND CASH EQUIVALENTS IN THE BEGINING AND END OF THE YEAR
600

500
CASH &CASH EQUIVALENT IN THE BEGINNING OF THE YEAR
400

(IN LACS) 300


200

CASH
100 &CASH EQUIVALENT AT THE END OF THE YEAR

0
Mar' 16 Mar' 15 Mar' 14 Mar' 13 Mar' 12

YEAR
INTERPRETATION:-

PROFIT BEFORE TAX

YEAR PROFIT BEFORE TAX (IN LACS)


Mar' 16 268.35
Mar' 15 118.37
Mar' 14 215.77
Mar' 13 200.62
Mar' 12 175.65

PROFIT BEFORE TAX


300
268.35
250
215.77
200.62
200 175.65

IN LACS 150 118.37


100

50

0
Mar' 16 Mar' 15 Mar' 14 Mar' 13 Mar' 12
CHAPTER -6

CONCLUSIONS
&
SUGGESTIONS
CONCLUSIONS

1) Cash flow from operating activities has been decreasing every year from Rs.46243463 on
March 2014 to negative cash flow of Rs.9425809 on March 2016.

2) BILT is not carrying its business to well because cash flow from operating activities has
been decreasing.

3) It is observed that 5 years show negative flow of cash from investing activities. It means
BILT has consistently invested in fixed assets. It also indicates that the investment in
fixed assets facilitates the business to earn more profit in future.

4) It is observed in the comparative cash flow from different activities of 3 years that cash
flow from operating activities has decreased every year, investment has increased and
from financing activities increased in 2014-15 but decreased in 2015-16.

5) In year 2013-14 -There is a increase of Rs.17583909 in closing cash balance despite


increase in cash flow from operating activities because the company has invested
Rs.28659554 in purchasing long term assets.

6) In year 2014-15 -There is a marginal increase of Rs.8796636 in closing cash balance


despite significant increase in cash flow from operating activities because the company
has invested Rs.21389807 in purchasing long term assets and took loans of Rs.973600.

7) In year 2015-2016 -There is a negative flow of cash from operating activities and
investment of Rs.6217706. thus cash and cash equivalents at the end of the year has
decreased to Rs.15990302.
8) Cash and cash equivalents both at the beginning and at the end has increased from March
2012-March 2016.

9) Profit before tax also showed an increasing trend except on March 2015 where profit
before tax drop down to Rs.118.37 Lakhs from Rs.215.77 lakhs on March 2014 but it
again increased to Rs.268.35 lakhs on March 2016.

SUGGESTIONS

According to cash flow statement of the company, the suggestions of the study are as follows:
Since cash flow from operating activities is not good, so company should try to improve
it.

Since cash flow from investing activities is increasing. So company should maintain it.

Cash outflow from financing activities has been increasing which means company is
increasing its debts and paying more interest. So company should avoid taking loans and
borrowings.

The company should try to reduce unnecessary expenditure to the minimum possible
extent.

The purchase of the fixed assets must be made only when there is extreme requirement.

In order to avoid the taxes the company should go for more investment.

The companys borrowings should be reduced for the minimum time possible.

The company should make more short-term borrowings rather than the long term
borrowing.

The principle amount must be paid in time, which can be useful in reducing cash outflow.

The company should try to reduce the depreciations as maximum as possible.


CHAPTER-7
BIBLIOGRAPHY
BIBLOGRAPHY

Annual reports of the company

Publicizing by the organization circulation

Company records

Financial statements

REFERENCE BOOKS

Kothari, C.R., Research Methodology Sultan Chand Publications, New Delhi, 2001.

Pandey, I.M, Financial Management, Vikas Publication Ltd 7th Eddition.

WEBSITES

www.bilt.com

www.rediff.com

www.yahoo.com
www.google.com

CHAPTER -8
ANNEXURE
BALANCE SHEET AS AT
31ST MARCH, 2016

(Rs. in lacs)
PARTICULARS 31st March, 31stMarch,
Note No. 2016 2016
I EQUITY AND LIABILITIES

1. Shareholders funds
(a) Share capital 1 1,08,00,000 1,08,00,000
(b) Reserves and surplus 2 1,75,48,594 3,47,86,080
2,83,48,594 4,55,86,080
2. Non-current liabilities
a)Long term borrowings 7,07,037 19,32,384
3 22,29,522 ------------
b) Long-term provisions
4
29,36,559 19,32,384
3. Current liabilities
(a) Trade payables 5 18,47,59,520 24,44,04,817
(b) Other current liabilities 6 11,84,92,450 8,63,09,007
(c) Short-term provisions 7 14,01,114 58,107
30,46,53,084 33,07,71,931

TOTAL 33,59,38,237 37,82,90,395


II ASSETS
1 Non-current assets
(a) Fixed assets 8
(i) Tangible assets 6,97,96,042 7,11,53,403
(ii) Intangible assets 31,768 46,813
(iii) Capital work-in-progress 14,65,162 15,27,386
(b)intangible assets under development 57,655 27,792
7,13,50,627 7,27,55,394
-------------- 9,500
(c) Other non-current assets 9
12,66,951 4,77,211
(d) Long-term loans and advances 10
12,66,951 4,86,711
2. Current assets
(a) Inventories 11 11,29,50,697 15,41,40,673
(b) Trade receivables 12 3,00,77,866 3,23,91,667
(c) Cash and bank balances 13 11,50,44,693 8,77,58,818
(d) Short-term loans and advances 14 47,37,207 2,96,67,673
(e) Other current assets 15 5,10,196 10,89,459

26,33,20,659 30,50,48,290
TOTAL 33,59,38,237 37,82,90,395
STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED
31ST MARCH, 2016
(Rs. in lacs)
PARTICULARS Note No. 31 March, 31 March,
2016 2015
I. INCOME
Revenue from operations (Gross) 16 65,45,89,062 68,70,89,966
Other Income 17 74,86,272 62,82,838

TOTAL REVENUE (I) 66,20,75,334 69,33,72,804

II. EXPENSES
Cost of raw materials and components consumed 18 16,36,360 17,66,288
Purchase of traded goods & spares for finished goods 19 53,68,86,522 57,56,37,063
(Increase)/decrease in inventories of finished goods, work in 4,15,41,917 (1,35,57,409)
progress and traded goods 20
Employee benefit expense 21 3,72,61,195 4,93,57,426
Depreciation and amortization expenses 8 48,46,838 64,09,513
Other expenses 22 5,17,35,182 5,21,82,368

TOTAL EXPENSES (II) 67,39,08,014 67,17,95,249

III. PROFIT /(LOSS) BEFORE TAX (1,18,32,680) 2,15,77,555

IV. TAX EXPENSE


Current tax 13,42,700 11,95,870
Deferred tax ------------- --------------
Excess provision relating to earlier years 4,081 --------------
TOTAL TAX EXPENSES 13,46,781 11,95,870
V. PROFIT /(LOSS) AFTER TAX (1,31,79,461) 2,03,81,685

VI. EARNINGS PER SHARE [NOMINAL VALUE OF


SHARES RS. 10 (PREVIOUS YEAR RS.10)]
Basic and Diluted (in Rs.) 23 (12.20) 18.87

Cash Flow For Ballarpur Industries Ltd.


(Rs in Cr)
Mar' 16 Mar' 15 Mar' 14 Mar' 13 Mar' 12

Profit Before Tax 16.02 -11.04 10.14 37.69 12.20

Net CashFlow-Operating Activity -184.59 103.06 54.14 159.65 194.07

Net Cash Used In Investing Activity -343.45 -63.04 -80.96 -192.55 131.91

NetCash Used in Fin. Activity 576.76 -37.92 28.71 23.40 -323.67

Net Inc/Dec In Cash And Equivlnt 48.72 2.10 1.89 -9.50 2.31

Cash And Equivalnt Begin of Year 9.57 7.47 5.58 15.08 11.70

Cash And Equivalnt End Of Year 58.29 9.57 7.47 5.58 14.01