Zephyr Textiles Limited

Vartical analysis

Years 2,019 % of Total 2,018

OPERATING RESULTS
Sales - net 5,091 100.0% 4,252
Cost of sales 4,567 89.7% 3,787
Gross Profit 524 10.3% 465
Distribution cost 140 2.8% 101
Administrative expenses 85 1.7% 69
Other operating expenses 10 0.2% 12
Financial cost 144 2.8% 158
Other operating income 4 0.1% 3
Profit/(Loss) before taxation 149 2.9% 129
Provision for taxation 31 0.6% 26
PROFIT/(LOSS) FOR THE YEAR 118 2.3% 103

BALANCE SHEET
NON-CURRENT ASSETS
Property, plant and equipment 1,910 45.5% 1,981
Capital work in progress 31 0.7% -
Long term deposits 22 0.5% 23
TOTAL NON-CURRENT ASSETS 1,963 46.8% 2,004

CURRENT ASSETS
Stores, spare parts and loose tools 110 2.6% 104
Stock in trade 915 21.8% 1,070
Trade debts 712 17.0% 659
Loans and advances 101 2.4% 36
Trade deposits and short term prepayments 213 5.1% 189
Other receivables 127 3.0% 118
Investments 1 0.0% 1
Cash and bank balances 56 1.3% 29
TOTAL CURRENT ASSETS 2,234 53.2% 2,204
TOTAL ASSETS 4,197 100.0% 4,208

CURRENT LIABILITIES
Trade and other payables 584 13.9% 651
Accrued mark-up 23 0.5% 22
Short term borrowings 1,250 29.8% 1,171
Current portion of long term financing 167 4.0% 165
TOTAL CURRENT LIABILITIES 2,024 48.2% 2,008
WORKING CAPITAL 210 5.0% 196
TOTAL CAPITAL EMPLOYED 2,173 51.8% 2,200
NON-CURRENT LIABILITIES
Long term financing 305 7.3% 416
Deferred liabilities 241 5.7% 243
TOTAL NON-CURRENT LIABILITIES 546 13.0% 659
NET WORTH 1,627 38.8% 1,541

NET WORTH REPRESENTED BY

Issued, subscribed and paid-up capital 594 14.2% 594
Accumulated Profit / Loss
Surplus on revaluation of property, plant and 707 16.8% 595
equipment 326 7.8% 351
TOTAL NET WORTH 1,627 38.8% 1,541
TOTAL LIABILITIES 4,197 100.0% 4,208
 Rs in Millions
Vartical analysis

% of Total 2,017 % of Total 2,016 % of Total 2,015 % of Total

100.0% 3,729 100.0% 3,933 100.0% 3,757 100.0%

89.1% 3,319 89.0% 3,536 89.9% 3,429 91.3%
10.9% 410 11.0% 397 10.1% 328 8.7%
2.4% 92 2.5% 74 1.9% 78 2.1%
1.6% 65 1.7% 63 1.6% 57 1.5%
0.3% 63 1.7% 12 0.3% 4 0.1%
3.7% 122 3.3% 126 3.2% 166 4.4%
0.1% 2 0.1% 11 0.3% 203 5.4%
3.0% 90 2.4% 132 3.4% 226 6.0%
0.6% 21 0.6% 25 0.6% 22 0.6%
2.4% 69 1.8% 107 2.7% 203 5.4%

47.1% 1,996 53.5% 1,798 52.6% 1,836 56.2%

0.0% 10 0.3% - 0.0% 11 0.3%
0.5% 19 0.5% 8 0.2% 8 0.2%
47.6% 2,025 54.3% 1,805 52.8% 1,855 56.8%

2.5% 135 3.6% 112 3.3% 108 3.3%

25.4% 905 24.3% 775 22.7% 715 21.9%
15.7% 350 9.4% 447 13.1% 373 11.4%
0.9% 33 0.9% 35 1.0% 41 1.3%
4.5% 197 5.3% 151 4.4% 114 3.5%
2.8% 34 0.9% 27 0.8% 21 0.6%
0.0% 2 0.0% 2 0.0% 2 0.0%
0.7% 50 1.3% 65 1.9% 37 1.1%
52.4% 1,705 45.7% 1,614 47.2% 1,410 43.2%
100.0% 3,730 100.0% 3,419 100.0% 3,265 100.0%

15.5% 367 9.8% 388 11.3% 356 10.9%

0.5% 16 0.4% 14 0.4% 5 0.1%
27.8% 982 26.3% 710 20.8% 605 18.5%
3.9% 200 5.4% 176 5.2% 152 4.6%
47.7% 1,564 41.9% 1,289 37.7% 1,117 34.2%
4.6% 142 3.8% 325 9.5% 293 9.0%
52.3% 2,166 58.1% 2,130 62.3% 2,148 65.8%
 9.9% 544 14.6% 570 16.7% 677 20.7%
5.8% 225 6.0% 232 6.8% 233 7.1%
15.7% 769 20.6% 802 23.5% 909 27.9%
36.6% 1,397 37.4% 1,328 38.8% 1,238 37.9%

14.1% 594 15.9% 594 17.4% 594 18.2%

14.1% 469 12.6% 370 10.8% 253 7.8%
8.3% 334 8.9% 364 10.7% 391 12.0%
36.6% 1,397 37.4% 1,328 38.8% 1,238 37.9%
100.0% 3,730 100.0% 3,419 100.0% 3,265 100.0%
 Horizontal Analysis
2019 vs 2018 vs
Years 2,019 2015 2,018 2015

OPERATING RESULTS
Sales - net 5,091 35.5% 4,252 13.2%
Cost of sales 4,567 33.2% 3,787 10.4%
Gross Profit 524 59.7% 465 42.0%
Distribution cost 140 80.4% 101 30.3%
Administrative expenses 85 49.0% 69 20.4%
Other operating expenses 10 147.7% 12 196.0%
Financial cost 144 -13.2% 158 -5.0%
Other operating income 4 -97.9% 3 -98.3%
Profit/(Loss) before taxation 149 -34.1% 129 -42.7%
Provision for taxation 31 37.2% 26 16.0%
PROFIT/(LOSS) FOR THE YEAR 118 -42.0% 103 -49.2%

BALANCE SHEET
NON-CURRENT ASSETS
Property, plant and equipment 1,910 4.0% 1,981 7.9%
Capital work in progress 31 186.2% - 0.0%
Long term deposits 22 185.4% 23 185.9%
TOTAL NON-CURRENT ASSETS 1,963 5.8% 2,004 8.0%

CURRENT ASSETS
Stores, spare parts and loose tools 110 1.3% 104 -4.4%
Stock in trade 915 27.9% 1,070 49.6%
Trade debts 712 91.2% 659 76.7%
Loans and advances 101 144.4% 36 -12.5%
Trade deposits and short term prepayments 213 87.8% 189 66.3%
Other receivables 127 507.1% 118 464.6%
Investments 1 -35.3% 1 -52.3%
Cash and bank balances 56 49.6% 29 -22.0%
TOTAL CURRENT ASSETS 2,234 58.4% 2,204 56.3%
TOTAL ASSETS 4,197 28.5% 4,208 28.9%

CURRENT LIABILITIES
Trade and other payables 584 63.9% 651 82.6%
Accrued mark-up 23 400.4% 22 375.2%
Short term borrowings 1,250 106.6% 1,171 93.6%
Current portion of long term financing 167 10.2% 165 8.8%
TOTAL CURRENT LIABILITIES 2,024 81.1% 2,008 79.8%
WORKING CAPITAL 210 -28.3% 196 -33.2%
TOTAL CAPITAL EMPLOYED 2,173 1.2% 2,200 2.4%
NON-CURRENT LIABILITIES
Long term financing 305 -55.0% 416 -38.5%
Deferred liabilities 241 3.7% 243 4.3%
TOTAL NON-CURRENT LIABILITIES 546 -40.0% 659 -27.6%
NET WORTH 1,627 31.4% 1,541 24.4%

NET WORTH REPRESENTED BY

Issued, subscribed and paid-up capital 594 0.0% 594 0.0%
Accumulated Profit / Loss
Surplus on revaluation of property, plant and 707 179.2% 595 135.0%
equipment 326 -16.6% 351 -10.1%
TOTAL NET WORTH 1,627 31.4% 1,541 24.4%
TOTAL LIABILITIES 4,197 28.5% 4,208 28.9%
 Rs in Millions

2017 vs 2016 vs
2,017 2015 2,016 2015 2,015

3,729 -0.7% 3,933 4.7% 3,757

3,319 -3.2% 3,536 3.1% 3,429
410 24.9% 397 21.2% 328
92 18.8% 74 -5.0% 78
65 14.2% 63 11.3% 57
63 1498.0% 12 205.1% 4
122 -26.8% 126 -24.1% 166
2 -98.9% 11 -94.6% 203
90 -60.2% 132 -41.3% 226
21 -7.2% 25 12.7% 22
69 -66.1% 107 -47.3% 203

1,996 8.7% 1,798 -2.1% 1,836

10 -10.7% - 0.0% 11
19 145.1% 8 -0.6% 8
2,025 9.1% 1,805 -2.7% 1,855

135 24.4% 112 3.6% 108

905 26.6% 775 8.4% 715
350 -6.0% 447 19.9% 373
33 -19.1% 35 -14.0% 41
197 73.4% 151 32.7% 114
34 61.7% 27 29.7% 21
2 9.8% 2 4.6% 2
50 34.2% 65 74.3% 37
1,705 20.9% 1,614 14.4% 1,410
3,730 14.2% 3,419 4.7% 3,265

367 2.9% 388 8.8% 356

16 247.4% 14 214.0% 5
982 62.3% 710 17.4% 605
200 31.7% 176 16.3% 152
1,564 39.9% 1,289 15.3% 1,117
142 -51.6% 325 11.0% 293
2,166 0.9% 2,130 -0.8% 2,148
 544 -19.6% 570 -15.7% 677
225 -3.2% 232 -0.4% 233
769 -15.4% 802 -11.8% 909
1,397 12.8% 1,328 7.3% 1,238

594 0.0% 594 0.0% 594

469 85.1% 370 46.0% 253
334 -14.6% 364 -6.8% 391
1,397 12.8% 1,328 7.3% 1,238
3,730 14.2% 3,419 4.7% 3,265