Financial Statement of Raymonds

Financial
Statement of
Raymonds
Kevin Doshi
Preeti Jindal
Roshan Jain
Sonali Budhrani
Prashant Malhotra
Saloni Jindal
By:(A001)
(A002)
(A003)
(A004)
(A005)
(A006)
Individual Contribution
O Introduction by Saloni Jindal (A006)
O Common Size and Trend Analysis by
Kevin Doshi (A001)

O Comparative Analysis by Prashant
Malhotra (A005) and Saloni Jindal
(A006)
O Ratio Analysis by Sonali Budhrani
(A004), Preeti Jindal (A002) and
Roshan Jain (A003).
Take Home
O Study of Auditors Report.
O Study of financial statements and
ratios.
O High Liquidity can strengthen the
financial condition of Company.
O Higher interest could be a reason for
loss making.
Raymonds
Incorporated in 1925.
Chairman Gautam Hari Singhania.
One of the Leader in Textile Manufacturing.
60% of Indias Market Share.
Capacity of 38 million meters in wool and wool blended fabrics.
Exports to over 55 countries includes:- USA, Japan etc.
Raymonds
Factories
Thane
Shifted To
Vapi
Jalgaon
Chhindwad
a
Board of Directors
Financial Statements
Raymond Ltd
Industry :Textiles
Year
INCOME :
Mar 13
Sales Turnover
2,044.45
Excise Duty
2.12
Net Sales
2,042.33
Other Income
104.27
Stock Adjustments
35.79
Total Income
EXPENDITURE :
2,182.39
Raw Materials
761.97
Power & Fuel Cost
138.25
Employee Cost
325.03
Other Manufacturing Expenses
333.72
Selling and Administration Expenses
310.98
Miscellaneous Expenses
Less: Pre-operative Expenses Capitalised
80.98
Total Expenditure
1,950.93
Operating Profit
231.46
Interest
156.11
Gross Profit
75.35
Depreciation
116.02
Profit Before Tax
-40.67
Deferred Tax
7.17
Reported Net Profit
-47.84
Extraordinary Items
-11.37
Adjusted Net Profit
-36.47
P & L Balance brought forward
32.88
Appropriations
-14.96
Dividend
6.14
Equity Dividend %
Earnings Per Share(Adj)-Unit Curr
Book Value-Unit Curr
10
167.96

Raymond Ltd
Industry :Textiles
(Rs in Crs)
Year
SOURCES OF FUNDS :
Mar 13
Share Capital
61.38
Reserves Total
969.58
Total Shareholders Funds
1,030.96
Secured Loans
656.1
Unsecured Loans
690.96
Total Debt
1,347.06
Other Liabilities
107.42
Total Liabilities
2,485.44
APPLICATION OF FUNDS :
Gross Block
1,866.64
Less : Accumulated Depreciation
1,032.36
Net Block
834.28
Capital Work in Progress
144.88
Investments
744.85
Current Assets, Loans & Advances
Inventories
502.99
Sundry Debtors
416.25
Cash and Bank
18.25
Loans and Advances
79.7
Total Current Assets

Less : Current Liabilities and Provisions
Current Liabilities
Provisions
1,017.19
487.78
47.89
Total Current Liabilities
535.67
Net Current Assets
481.52
Deferred Tax Assets

Deferred Tax Liability
89.24
89.24
Other Assets
279.91
Total Assets
2,485.44
Contingent Liabilities
211.86
Common Size
Analysis

Raymond Ltd
Industry :Textiles - Others
(Rs in Crs)
Year
INCOME :
Mar 13
Excise Duty
Net Sales
Other Income
Stock Adjustments
Total Income
EXPENDITURE :
Mar 12
Sales Turnover
Percentage
Mar 13
Mar 12
2,044.45
1,884.61
100
100
2.12
2.77
0.10
0.15
2,042.33
1,881.84
99.90
99.85
104.27
87.16
5.10
4.62
35.79
52.4
1.75
2.78
2,182.39
2,021.40
106.75
107.26
Raw Materials
761.97
662.86
37.27
35.17
Power & Fuel Cost
138.25
106.16
6.76
5.63
Employee Cost
325.03
244.36
15.90
12.97
333.72
308.04
16.32
16.35
310.98
309.88
15.21
16.44
80.98
68.4
3.96
3.63

Raymond Ltd
Year
(Rs in Crs)
Mar 13
Mar 12
Total Expenditure
Percentage
Mar 13
Mar 12
1,950.93
1,699.70
95.43
90.19
Operating Profit
231.46
321.7
11.32
17.07
Interest
156.11
134.8
7.64
7.15
75.35
186.9
3.69
9.92
Depreciation
116.02
109.86
5.67
5.83
Profit Before Tax
-40.67
77.04
-1.99
4.09
0.03
0.00
0.00
7.17
20.66
0.35
1.10
Reported Net Profit
-47.84
56.35
-2.34
2.99
Extraordinary Items
-11.37
5.59
-0.56
0.30
Adjusted Net Profit
-36.47
50.76
-1.78
2.69
32.88
1.61
0.00
-14.96
23.47
-0.73
1.25
32.88
0.00
1.74
6.14
15.35
0.30
0.81
0.00
0.00
10
25
0.49
1.33
8.77
0.00
0.47
0.00
0.00
8.22
9.55
Gross Profit
Tax
Deferred Tax

Appropriations
P & L Balance carried down
Dividend
Preference Dividend
Equity Dividend %
Earnings Per Share-Unit Curr
Earnings Per Share(Adj)-Unit Curr
167.96
179.91

Raymond Ltd
(Rs in Crs)
Year
SOURCES OF FUNDS :
Mar 13
Mar 12
Share Capital
Percentage
Mar 13
Mar 12
61.38
61.38
2.47
2.38
969.58
1,042.92
39.01
40.38
1,030.96
1,104.30
41.48
42.76
656.1
637.3
26.40
24.67
690.96
658.6
27.80
25.50
1,347.06
1,295.90
54.20
50.17
Other Liabilities
107.42
182.64
4.32
7.07
Total Liabilities
2,485.44
2,582.84
100.00
100.00
0.00
0.00
Reserves Total
Secured Loans
Unsecured Loans
Total Debt
Gross Block
1,866.64
1,825.31
75.10
70.67
1,032.36
958.09
41.54
37.09
Net Block
834.28
867.22
33.57
33.58
144.88
116.55
5.83
4.51
Investments
744.85
777.3
29.97
30.09
Raymond Ltd
(Rs in Crs)
Year
Mar 13
Percentage
Mar 12
Mar 13
Mar 12
Inventories
502.99
447.67
20.24
17.33
Sundry Debtors
416.25
392.39
16.75
15.19
Cash and Bank
18.25
12.86
0.73
0.50
79.7
64.77
3.21
2.51
1,017.19
917.69
40.93
35.53
0.00
0.00
Loans and Advances

Current Liabilities
487.78
303.57
19.63
11.75
47.89
64.47
1.93
2.50
535.67
368.04
21.55
14.25
Net Current Assets
481.52
549.65
19.37
21.28
Deferred Tax Assets
89.24
99.12
3.59
3.84
89.24
91.95
3.59
3.56
7.17
0.00
0.28
Other Assets
279.91
264.95
11.26
10.26
Total Assets
2,485.44
2,582.84
100.00
100.00
211.86
209.9
8.52
8.13
Provisions
Net Deferred Tax
Comparative
Analysis
Raymond Ltd
(Rs in Crs)
Year
Mar 13(12)
Mar 12(12)
Comparative
INCOME :
Sales Turnover
Excise Duty
Net Sales
Other Income
Stock Adjustments
Total Income
EXPENDITURE :
2,044.45
1,884.61
159.84
2.12
2.77
-0.65
2,042.33
1,881.84
160.49
104.27
87.16
17.11
35.79
52.4
-16.61
2,182.39
2,021.40
160.99
Raw Materials
761.97
662.86
99.11
Power & Fuel Cost
138.25
106.16
32.09
Employee Cost
325.03
244.36
80.67
333.72
308.04
25.68
310.98
309.88
1.10
80.98
68.4
12.58
Total Expenditure
1,950.93
1,699.70
251.23
Raymond Ltd
(Rs in Crs)
Year
Mar 13(12)
Mar 12(12)
Comparative
Operating Profit
231.46
321.7
-90.24
Interest
156.11
134.8
21.31
75.35
186.9
-111.55
Depreciation
116.02
109.86
6.16
Profit Before Tax
-40.67
77.04
-117.71
0.03
-0.03
7.17
20.66
-13.49
Reported Net Profit
-47.84
56.35
-104.19
Extraordinary Items
-11.37
5.59
-16.96
Adjusted Net Profit
-36.47
50.76
-87.23
32.88
32.88
-14.96
23.47
-38.43
32.88
-32.88
6.14
15.35
-9.21
0.00
10
25
-15.00
8.77
-8.77
167.96
179.91
-11.95
Gross Profit
Tax
Deferred Tax

Appropriations
P & L Balance carried down
Dividend
Preference Dividend
Equity Dividend %
Earnings Per Share-Unit Curr
Raymond Ltd
(Rs in Crs)
Year
Mar 13
Mar 12
Comparative
SOURCES OF FUNDS :
Share Capital
61.38
61.38
969.58
1,042.92
-73.34
Equity Share Warrants
Equity Application Money
1,030.96
1,104.30
-73.34
656.1
637.3
18.8
690.96
658.6
32.36
1,347.06
1,295.90
51.16
Other Liabilities
107.42
182.64
-75.22
Total Liabilities
2,485.44
2,582.84
-97.4
Reserves Total

Secured Loans
Unsecured Loans
Total Debt
Gross Block
1,866.64
1,825.31
41.33
1,032.36
958.09
74.27
834.28
867.22
-32.94
Less:Impairment of Assets
Net Block
Lease Adjustment
Year
Raymond Ltd
(Rs in Crs)
Mar 13
Mar 12
Comparative
144.88
116.55
28.33
Investments
744.85
777.3
-32.45
Inventories
502.99
447.67
55.32
Sundry Debtors
416.25
392.39
23.86
Cash and Bank
18.25
12.86
5.39
79.7
64.77
14.93
1,017.19
917.69
99.5
Loans and Advances

Current Liabilities
487.78
303.57
184.21
47.89
64.47
-16.58
535.67
368.04
167.63
Net Current Assets
481.52
549.65
-68.13
Deferred Tax Assets
89.24
99.12
-9.88
89.24
91.95
-2.71
7.17
-7.17
Other Assets
279.91
264.95
14.96
Total Assets
2,485.44
2,582.84
-97.4
211.86
209.9
1.96
Provisions
Miscellaneous Expenses not written off
Net Deferred Tax
Trend
Analysis
Raymond Ltd
Raymond Ltd
(Rs in Crs)
Percentage
Year
Mar 09 Mar 10 Mar 11 Mar 12 Mar 13 Mar 09 Mar 10 Mar 11
Mar 12 Mar 13
SOURCES OF FUNDS :
Share Capital
Equity Share Warrants

Secured Loans
Total Debt
Other Liabilities
Gross Block

Investments
61.38
100
100
100
100
100
969.58
100
104.31
94.24
97.87
90.99
20.87
0
0
0
0
1,147.8 1,172.9 1,065.5 1,104.3
5
1
8
0 1,030.96
100
0.00
0.00
0.00
0.00
100
102.18
92.83
96.21
89.82
656.1
100
87.12
84.37
73.35
75.51
476.22 495.75 524.18 658.6 690.96

1,345.0 1,252.7 1,257.2 1,295.9
7
1
5
0 1,347.06
100
104.10
110.07
138.30
145.09
100
93.13
93.47
96.34
100.15
637.3
0
0 94.39 182.64 107.42
2,492.9 2,425.6 2,417.2 2,582.8
2
2
2
4 2,485.44
Total Liabilities
Net Block
868.85 756.96 733.07
Unsecured Loans
Less:Impairment of Assets
61.38 61.38 61.38 61.38

1,065.6 1,111.5 1,004.2 1,042.9
0
3
0
2
Reserves Total
100
97.30
96.96
103.61
100.75
101.53
107.33
109.76
701.6 772.98 868.87 958.09 1,032.36
100
110.17
123.84
136.56
147.14
999.04 940.42 857.73 867.22

62.11
41.64
77.39 116.55
888.59 891.79 740.12
777.3
99.70
100

1,700.6 1,713.4 1,726.6 1,825.3
4
0
0
1 1,866.64
834.28
100
94.13
85.86
86.81
83.51
144.88
100
67.04
124.60
187.65
233.26
744.85
100
100.36
83.29
87.48
83.82
Year
Raymond Ltd
Raymond Ltd
(Rs in Crs)
Percentage
Mar 09 Mar 10 Mar 11 Mar 12 Mar 13 Mar 09 Mar 10 Mar 11

Inventories
340.4
Sundry Debtors
Cash and Bank
Mar 12 Mar 13
284.5 413.09 447.67
502.99
100
83.58
121.35
131.51
147.76
304.48 296.95 320.46 392.39
416.25
100
97.53
105.25
128.87
136.71
46.8
26.56
15.51
12.86
18.25
100
56.75
33.14
27.48
39.00
Loans and Advances
289.97
322.1
65.91
64.77
79.7
100
111.08
22.73
22.34
27.49

Less : Current Liabilities and
Provisions
981.65 930.11 814.97 917.69 1,017.19
100
94.75
83.02
93.48
103.62
Current Liabilities
350.44 304.17 347.74 303.57

44.68
487.78
100
86.80
99.23
86.63
139.19
Provisions
59.66
64.47
47.89
100
89.04
74.89
108.06
80.27
410.1 357.29 392.42 368.04
535.67
100
87.12
95.69
89.74
130.62
571.55 572.82 422.55 549.65
481.52
100
100.22
73.93
96.17
84.25
Net Current Assets
53.12
Deferred Tax Assets
71.61
78.32 121.71
99.12
89.24
100
109.37
169.96
138.42
124.62
99.98
99.37
93.88
91.95
89.24
100
99.39
93.90
91.97
89.26
-28.37 -21.05
27.83
7.17
100
74.20
-98.10
-25.27
0.00
0
0 291.6 264.95 279.91
2,492.9 2,425.6 2,417.2 2,582.8
2
2
2
4 2,485.44
0.00
0.00
0.00
0.00
100
97.30
96.96
103.61
99.70
100
74.83
71.48
54.93
55.44
Net Deferred Tax

Other Assets
Total Assets
382.12 285.93 273.15
209.9
211.86
What is a ratio?
A ratio: It is the mathematical relationship between two
quantities in the form of a fraction or percentage.

Ratio Analysis involves methods of calculating and
interpreting financial ratios in order to assess a firm's

performance and status.
It is compared with a standard of performance
Classification
Ratios
Leverage
Ratio
Liquidity Ratio
Profitability
Ratio
Other Ratio
Debt-Equity Ratio
Debt-Equity Ratio=
2013
Total Debt
Shareholders Equ
2012
= 1347.06
1030.96
= 1295.90
1104.3
= 1.31
= 1.17
Times interest earned

(TIE)
O TIE=
EBIT
Interest
2013
2012
231.46
11.39
321.7
9.35
= 20.32
= 34.41
Debt Ratio
O Debt ratio=
Long term debt

Long term debt + Equity
2013
=
769.39
769.39+ 1030.96
= 0.43
2012
=
798.87
798.87+ 1104.30
= 0.42
Current Ratio
O Current Ratio=
Current Assets
Current Liability
2013
2012
=1017.19
535.67
= 917.69
368.04
= 1.90
= 2.49
Quick Ratio
O Quick Ratio= (Cash+ Marketable
Securities+
Accounts Receivables )
Current Liabilities
2013
= 416.25+ 18.25+ 79.7
535.67
2012
= 392.39+ 12.86+
64.77
368.04
= 0.96
= 1.28
Cash Ratio
O Cash Ratio= Cash+ Marketable
Securities
Current Liabilities
2013
2012
= 18.25+ 79.7
535.67
= 12.86+ 64.77
368.04
= 0.18
= 0.21
Average Receivables
O Average Receivables=
Average Receivables * 365

Sales
2013
2012
= 404.32 * 365
2044.45
= 356.93 * 365
1884.61
= 72 days
= 69 days
Return on Assets (ROA)

O ROA=
(EBIT-Taxes)
Average Total Assets
2013
2012
= 231.46- 0
2709.98
= 321.7- 0.03
2584.49
= 0.09
= 0.13
Earnings Per Share

(EPS)
O EPS=
Net Profit/Net Loss
No. of Share Equity
2013
2012
= (36.47)
6.14
= 50.76
6.14
= 5.95
= 8.77
Payout Ratio
O Payout Ratio=
Dividend Per Share

Earnings Per Share
2013
2012
= 6.14
5.93
= 15.35
8.77
= 1.04
= 1.75
Thank You

Financial Statement of Raymonds

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Financial Statement of Raymonds

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Financial

Kevin Doshi (A001)

Power & Fuel Cost

Other Manufacturing Expenses

Selling and Administration Expenses

Profit Before Tax

Reported Net Profit

Adjusted Net Profit

P & L Balance brought forward

Total Shareholders Funds

Less : Accumulated Depreciation

Capital Work in Progress

Current Assets, Loans & Advances

Cash and Bank

Loans and Advances

Total Current Assets

Total Current Liabilities

Net Current Assets

Deferred Tax Assets

Industry :Textiles - Others

Power & Fuel Cost

Other Manufacturing Expenses

Selling and Administration Expenses

Industry :Textiles - Others

Profit Before Tax

Reported Net Profit

Adjusted Net Profit

P & L Balance brought forward

Industry :Textiles - Others

Less : Accumulated Depreciation

Capital Work in Progress

Industry :Textiles - Others

Current Assets, Loans & Advances

Cash and Bank

Loans and Advances

Total Current Liabilities

Net Current Assets

Deferred Tax Assets

Deferred Tax Liability

Net Deferred Tax

Industry :Textiles - Others

Power & Fuel Cost

Other Manufacturing Expenses

Selling and Administration Expenses

Industry :Textiles - Others

Profit Before Tax

Reported Net Profit

Adjusted Net Profit

P & L Balance brought forward

Industry :Textiles - Others

Equity Share Warrants

Equity Application Money

Total Shareholders Funds

Less : Accumulated Depreciation

Industry :Textiles - Others

Capital Work in Progress

Current Assets, Loans & Advances

Cash and Bank

Loans and Advances

Total Current Liabilities

Net Current Assets

Deferred Tax Assets

Deferred Tax Liability