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Accounts pppt
Accounts pppt
Accounts pppt
Accounts pppt
Accounts pppt
Accounts pppt
Accounts pppt
Accounts pppt
Accounts pppt
Accounts pppt
Accounts pppt
Accounts pppt
Accounts pppt
Accounts pppt
Accounts pppt
Accounts pppt
Accounts pppt
Accounts pppt
Accounts pppt
Accounts pppt
Accounts pppt
Accounts pppt
Accounts pppt
Accounts pppt
Accounts pppt
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Accounts pppt

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  • 1. • Essar Oil Limited was incorporated as a Public Limited Company on 12th September 1956 • Promoters of EOL. • EOL was engaged in preliminary activities relating to bidding for oil & gas fields
  • 2. Balance Sheet as at March 31,2011 Particulars 2011 2010 (Rs.in Crores) (Rs.in Crores) Sources of funds Shareholders’ funds a. Share capital 1,382.27 1,218.13 b. Advance towards issue of global depository shares. - 1,153.21 c. Reserves and Surplus 5,155.63 2,836.57 Loan funds a. Secured Loans 12,274.42 9,470.59 b. Unsecured Loans 2,272.51 883.14 Deferred tax liability(net) 11.45 - Total 21,096.28 15,561.64
  • 3. Particulars 2011 2010 (Rs.in Crores) (Rs.in Crores) Application of funds Fixed Assets a. Gross block 13,974.59 13,802.50 b. Less: Accumulated depreciatiion and amortisation 2,230.50 1,493.15 c. Net block 11,744.09 12,309.35 Capital work-in-progress 8,423.04 4,318.75 Investments 103.00 203.00 Deferred tax assets (net) - 0.57 Current Assets, Loans and Advance. a. Inventories 5,749.14 3,969.44 b. Debtors 2,367.30 1,957.42 c. Cash and Bank balances 2,958.66 1,350.75 d. Other Current Assets 497.84 406.54 e. Loans and advances 737.88 728.37
  • 4. Particulars 2011 2010 (Rs.in Crores) (Rs.in Crores) Less: Current Liabilities and Provisions a. Current Liabilities 11,287.69 10,160.57 b. Provisions 196.98 56.24 11,484.67 10,216.81 Net Current Assets 826.15 (1,804.29) Debit balance in statement of profit and loss - 534.26 Total 21,096.28 15,561.64
  • 5. Statement of Profit and Loss for the year ended March 31, 2011 Particulars 2011 2010 (Rs. in Crores) (Rs. In Crores) Income a. Turnover (Gross) 53,119.10 42,401.68 b. Less: Excise duty 5,213.77 5,083.20 c. Turnover (Net) 47,905.33 37,318.48 d.Less: Sales tax 917.12 813.87 46,988.21 36,504.61 e. Other Income 354.00 871.93 47,342.21 37,376.54 Expenditure Purchase of traded petroleum products 1,964.20 1,705.74
  • 6. Particulars 2011 2010 (Rs. In crores) (Rs.In crores) Consumption of raw materials 42,129.27 32,855.98 Increase/ Decrease in stock (1,157.64) (310.81) Operating expenses 735.66 413.52 Employees Cost 119.67 97.50 Selling and Distribution expenses 409.14 381.26 General and Administration expenses 362.42 295.53 44,562.72 35,438.72 Profit before interest,depreciation and taxes 2,779.49 1,937.82 Less: Interest and Finance charges 1,220.24 1,180.93 Less: Depreciation and amortisation 730.86 728.31 Net profit before taxes 828.39 28.58
  • 7. Particulars 2011 2010 (Rs. In Crores) (Rs. In Crores) Taxes Income tax 162.49 - Income Tax Refund - 0.88 Deferred Tax 12.02 - Net profit after taxes 653 .88 29.46 Balance brought forward from previous year (556.51) (556.96) Add: Amount transferred from foreign project reserves - 0.45 Less: Amount transferred to debenture redemption reserve 60.33 29.46 Balance carried forward 37.04 (556.51)
  • 8. • HPCL is a Government of India Enterprise with a Navratna Status, and a Fortune 500 company. • HPCL operates 2 major refineries producing a wide variety of petroleum fuels & specialties, one in Mumbai and one in vishakapatnam.
  • 9. Balance Sheet as at March 31,2011 Particulars 2011 2010 (Rs.in Crores) (Rs.in Crores) Sources of funds Shareholders’ funds a. Share capital 339.01 339.01 b. Reserves and Surplus 12,206.79 11,218.96 12,545.80 11,557.97 Loan funds a. Secured Loans 3,657.68 1,375.88 b. Unsecured Loans 21,363.51 19,926.49 25,021.19 21,302.37 Deferred tax liability(net) 3,195.63 1,807.97 Total 40,762.62 34,668.31
  • 10. Particulars 2011 2010 (Rs.in Crores) (Rs.in Crores) Application of funds Fixed Assets a. Gross block 29,648.39 24,988.37 b. Less: Accumulated depreciatiion and amortisation 11,003.86 9,681.70 c. Net block 18,644.53 15,306.67 d. Capital work in progress 3,798.70 3,887.59 22,443.23 19,194.26 Investments 11,335.02 11,387.22 Current Assets, Loans and Advance. a. Inventories 16,622.28 12,579.22 b. Debtors 2,654.37 2,437.34 c. Cash and Bank balances 80.00 243.17 d. Other Current Assets 98.51 123.74 e. Loans and advances 7,135.81 5,258.47
  • 11. Particulars 2011 2010 (Rs.in Crores) (Rs.in Crores) Less: Current Liabilities and Provisions a. Current Liabilities 17,801.84 14,535.52 b. Provisions 1,804.76 2,019.59 19,606.60 16,555.11 Net Current Assets 6,984.37 4,086.83 Total 40,762.62 34,668.31
  • 12. Statement of Profit and Loss for the year ended March 31, 2011 Particulars 2011 2010 (Rs. in Crores) (Rs. In Crores) Income Sale of goods 132,669.97 108,598.68 Less: Excise duty 8,897.55 7,251.17 Net Sales 123,772.42 101,347.51 Recovery under subsidy schemes 9,726.52 6,289.95 Other Income 1,343.54 1,646.16 134,842.48 109,283.62 Increase/(Decrease) 3,438.78 3,249.96 Expenditure Purchase of products for resale 85,396.86 62,677.82
  • 13. Particulars 2011 2010 (Rs. In crores) (Rs.In crores) Consumption of raw materials 40,362.01 37,727.59 Packages consumed 143.42 136.39 Excise duty on inventory differential 285.15 337.08 Transhipping expenses 2,886.50 2,653.56 Payments to and provisions for Employees 2,017.16 1,617.32 Exploration Expenses 93.03 255.62 Other Operation expenses 2,444.80 2,938.86 Depreciation /Amorisation 1,406.95 1,164.40 Borrowing Cost 884.00 903.75 135,919.88 110,412.39 Profit before prior period adjustments and taxes 2,361.38 2,121.19 Prior period adjustments credit/(debit) 15.24 (3.84)
  • 14. Particulars 2011 2010 (Rs. In Crores) (Rs. In Crores) Balance brought forward 8,715.15 8,104.16 Profit available for appropriation 10,254.16 9,405.53 Appropriated For: General Reserve 153.90 130.14 Debenture Redemption Reserve 176.15 86.40 Proposed Final Dividend 474.08 406.35 Tax on Distributed profits 76.91 67.49 Balance carried forward 9,373.12 8,715.15
  • 15. RATIO COMPANY ANALYSIS REASONS GROSS PROFIT RATIO 12.05% 67.39% HPCL Higher ratio: Greater Profitability OPERATING RATIO 0.015% 1.97% ESSAR OIL LIMITED Higher ratio: Lower margin of profit EXPENSE RATIO 0.85% 0.75% 2.33% 0.075% ESSAR OIL LIMITED HPCL High ratio means lower profitability and inefficiency of management in controlling expenses NET PROFIT RATIO 1.36% 1.24% ESSAR OIL LIMITED Higher ratio indicates higher
  • 16. RATIO COMPANY ANALYSIS REASONS CURRENT RATIO 1.07:1 1.35:1 HPCL Higher ratio: sound financial position. QUICK RATIO 0.50:1 0.14:1 ESSAR OIL LIMITED Higher ratio: sound financial position. PROPRIETORY RATIO 20.13% 25.58% HPCL Higher ratio: lesser dependence on outside funds- sound financial position but over capitalization and low returns. DEBT EQUITY RATIO 2.22:1 1.99:1 HPCL Lower ratio indicates low owed funds.
  • 17. RATIO COMPANY ANALYSIS REASONS RETURN ON CAPITAL EMPLOYED 3.92% 5.75% HPCL Higher ratio: favorable lower ratio: unfavorable RETURN ON PROPRIETORS FUNDS 13% 12.26% HPCL Higher ratio: growing and prosperous company RETURN ON EQUITY CAPITAL 0.47:1 4.5:1 HPCL Higher ratio : Effective use of equity capital and advantage of trading on equity DEBTORS TURNOVER RATIO 20.23 TIMES 46.62TIMES ESSAR OIL LIMITED Lower ratio: Favorable Higher ratio; Unfavorable
  • 18. HPCL is preferred for investment as:  It has financial sound position as compared to EOL. a. Current ratio b. Quick ratio  It indicates lesser dependance on outside funds a. Proprietory Ratio
  • 19.  It indicates low owed funds a. Debt Equity ratio  It indicates growing and prosperous company a. Return on proprietors funds b. Return on Equity capital  It is profitable a. Gross Profit

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