Hartron Communications- Balance sheet and Profit and Loss Statement Analysis

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Hartron Communications- Balance sheet and Profit and Loss Statement Analysis

  1. 1. MANAGERIAL ACCOUNTING Hartron Communication Ltd Projected Profit & Loss Statement and Balance Sheet.
  2. 2. Hartron Communications Profit & Loss account ------------------- in Rs. Cr. ------------------IN RS. CR. PROFIT & LOSS STATEMENT GROWTH RATE CAGR PROJECTED Mar '09 Mar '10 Mar '11 Mar '12 Mar '13 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2013-2014 Income Sales Turnover Excise Duty Net Sales Other Income Stock Adjustments Total Income 9.46 0 9.46 0.4 0 9.86 14.19 0 14.19 0.22 0 14.41 13.28 0 13.28 0.17 0 13.45 21.17 0 21.17 0.22 4.18 25.57 33.12 0 33.12 -2.47 0 30.65 50.00 0.00 50.00 -45.00 0.00 46.15 -6.41 0.00 -6.41 -22.73 0.00 -6.66 Expenditure Raw Materials Power & Fuel Cost Employee Cost Other Manufacturing Expenses Selling and Admin Expenses Miscellaneous Expenses Preoperative Exp Capitalised Total Expenses 0 0.09 1.97 0.42 0 1.11 0 3.59 0 0.09 2.31 0.4 0 2.68 0 5.48 0 0.1 2.35 0.01 0 2.54 0 5 0 0 3.63 8.26 0 4.55 0 16.44 11.43 0 10.64 0 0 6.5 0 28.57 0.00 0.00 17.26 -4.76 0.00 141.44 0.00 52.65 0.00 0.00 11.11 -100.00 1.73 54.47 -97.50 82500.00 0.00 0.00 -5.22 79.13 0.00 0.00 -8.76 228.80 Operating Profit PBDIT Interest PBDT Depreciation Profit Before Tax Extra-ordinary items PBT (Post Extra-ord Items) Tax Reported Net Profit 5.87 6.27 2.49 3.78 0.77 3.01 -0.05 2.96 0.56 2.46 8.71 8.93 2.88 6.05 1.27 4.78 0 4.78 1.1 3.67 8.28 8.45 1.84 6.61 1.29 5.32 0 5.32 0.5 4.24 8.91 9.13 2.42 6.71 1.36 5.35 0.42 5.77 0.92 4.84 4.55 48.38 2.08 42.42 2.27 15.66 -0.19 60.05 1.69 64.94 -1.88 58.80 0 -100.00 -1.88 61.49 1.08 96.43 5.15 49.19 -4.94 -5.38 -36.11 9.26 1.57 11.30 0.00 11.30 -54.55 15.53 59.41 56.45 0.00 0.00 59.41 56.45 29.41 -1222.73 0.00 -100.00 90.11 19.87 7.61 8.05 31.52 1.51 5.43 0.56 0.00 8.46 84.00 14.15 0.37 0.00 0.37 -2.57 0.00 0.33 45.30 0.00 45.30 3.88 0.00 40.70 0.00 0.00 193.11 -100.00 0.00 42.86 0.00 73.78 -1.00 -1.00 0.52 -1.00 0.00 0.56 0.00 0.68 -48.93 -77.22 -6.20 -102.83 24.26 -135.14 -100.00 -132.58 17.39 6.40 -0.06 -0.24 -0.02 0.52 0.22 -0.11 -1.00 0.10 0.18 0.20 37.56 0.00 16.22 0.00 0.00 10.11 0.00 47.99 0.00 4.27 1.58 2.22 -0.29 2.06 -1.67 0.00 -2.07 1.27 6.19
  3. 3. Hartron Communications Balance Sheet in Rs. Cr. IN Rs. Cr. BALANCE SHEET GROWTH RATE CAGR PROJECTED Mar '10 Mar '11 Mar '12 Mar '13 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2013-2014 Mar '09 I. Sources Of Funds 1 Share Holders Funds: a) Share Capital b) Reserves Networth 2 Loan Funds: a) Secured Loans b) Unsecured Loans Total Debt 8.87 4.13 13 8.87 7.8 16.67 8.87 12.62 21.49 8.87 17.46 26.33 8.87 22.96 31.83 0.00 88.86 28.23 0.00 61.79 28.91 0.00 38.35 22.52 0.00 31.50 20.89 0.00 0.54 0.25 8.87 35.26 44.13 24.04 0.12 24.16 18.37 11.3 29.67 13.01 11.38 24.39 13.58 11.2 24.78 20.14 -23.59 10.2 9316.67 30.34 22.81 -29.18 0.71 -17.80 4.38 -1.58 1.60 48.31 -8.93 22.44 -0.04 2.04 0.06 19.27 30.97 50.24 37.16 46.34 45.88 51.11 62.17 24.70 -0.99 11.40 21.64 0.14 94.36 47.08 3 44.08 0 44.08 46.66 4.26 42.4 0 42.4 47.09 5.55 41.54 0 41.54 47.57 5.81 41.76 0 41.76 46.08 6.52 39.56 12.94 52.5 -0.89 42.00 -3.81 0.92 30.28 -2.03 1.02 4.68 0.53 -3.13 12.22 -5.27 -0.01 0.21 -0.03 -3.81 -2.03 0.53 25.72 0.04 45.83 7.92 37.92 12.94 50.86 2 Investments 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0.00 3 Deffered Tax Assets 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0.00 4 Current Assets, Loans and Advances a) Inventories b) Sundry Debtors c) Cash and Bank Balance d) Loans and Advances Total CA, Loans & Advances 0.03 0.91 0.58 4.37 5.89 0.03 0.74 1.14 6.1 8.01 0.03 0.77 1.99 5.27 8.06 4.21 0.67 9.34 5.15 19.37 12.3 1.32 5.14 4.51 23.27 0.00 -18.68 96.55 39.59 35.99 0.00 13933.33 4.05 -12.99 74.56 369.35 -13.61 -2.28 0.62 140.32 192.16 97.01 -44.97 -12.43 20.13 3.50 0.10 0.73 0.01 0.41 55.35 1.45 8.87 4.55 70.21 Less: Current Liabilities and Provisions a) Current Liabilities b) Provisions Total CL & Provisions 12.8 0 12.8 4.08 0 4.08 3.72 0 3.72 6.95 3.07 10.02 8.9 4.72 13.62 -68.13 0.00 -68.13 -8.82 0.00 -8.82 86.83 0.00 169.35 28.06 53.74 35.93 -0.09 0.02 8.13 68.13 76.26 -6.91 3.93 4.34 9.35 9.65 -156.87 10.43 115.44 3.21 0.08 10.42 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0.00 37.17 46.33 45.88 51.11 62.15 24.64 -0.97 11.40 21.60 0.14 94.36 Total Liabilities II. Application Of Funds 1 Fixed Assets: a) Gross Block b) Less: Accum. Depreciation c) Net Block d) Capital Work in Progress Net Current Assets Miscellaneous Expenses Total Assets
  4. 4. INTRODUCTION In this report I have selected the company Hartron Communication, I have gathered the balance sheets and profit and loss statements of this company dating from the financial year Mar’09 to the year Mar’13. The percentage change observed in each of the year is noted and studied. The CAGR is also calculated in order to estimate the Balance sheet and profit and Loss Statement for the year 2013-2014. ABOUT THE COMPANY Hartron communications is a telecommunication industry which deals in manufacturing equipment’s for delivering broadband services throughout India. It is a subsidiary of the Haryana State Electronics Development Corporation Ltd. ANALYSIS Profit and Loss Statement Sales Turnover Revenue: the revenue of the year is estimated to increase by 37% over the last year. This is calculated on the basis of the CAGR calculated and also on the fact that the company has begun exporting (source: Annual Report: 2013) during the year 2013. Income: The annual report also says that the company has also engaged itself in some business activity in the field of real state and earned a profit in the current year which has resulted in the increase in the Income. Expenditure: the increase in the production due to exports has led to the increase in Manufacturing expenses, the other cost related to production. Therefore the total expenses are estimated to increase by around 60% from the last year. Due to the exports and real estate business undertaken by the company apart from its annual growth in sales the Net Profit of the company in the year Mar’14 can be estimated to increase by 20% thus estimating a profit of 6.19 crore.
  5. 5. Balance Sheet Reserves: According to the annual report of 2013 the company has proposed to transfer its profits and share premium account received to the general reserves of the company. Therefore I have estimated that the general reserves will increase for the budgeted year 2014. This has also resulted in the increase in the net worth as the share capital remains unchanged. It is also mentioned in the annual report that the director has decided the company would not be paying the dividend to the shareholders and would conserve the profit for the future requirement of the company. Debt: the company is expanding currently and is exporting their products and entering into new markets for this reason I have assumed that the Loans taken by the company would increase. Therefore in the balance sheet the total Liabilities are estimated to increase by 15% Gross Block: the gross block of the company has been seen to decrease due to the continuous depreciation amount charged. Which has resulted in the decrease of the Net Block Current Assets, Loans and Advances:there has been an increase in the inventories as the company has how increased stock keeping capacity due to exports and making it available to the market on time. So also sundry debtors, cash and bank balance have been seen to increase. Current Liabilities and Provisions:the company would observe a decrease in the current liabilities as it is mentioned that the company plans on paying off its short term debts by the year 2013. Also the company has planned to pay of its taxes due and therefore the provisions made in the balance sheet have increased. Therefore the net current assets have been estimated to increase at 8%. The net current assets is calculated by subtracting the current Liabilities and Provisions from the current Assets.

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