Comparative statement of reliance industries ltd

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Comparative statement of reliance industries ltd

  1. 1. COMPARATIVE STATEMENT OF RELIANCE INDUSTRIES LTD SUBMITTED BY GROUP NO. 4 SEC-PGPM (A) Under the guidance of Prof. Smita S. Sahoo
  2. 2. GROUP REPRESENTATIVE <ul><li>Bijay Jha PGPM/2010-12/06 </li></ul><ul><li>Debadatta Sahoo PGPM/2010-12/11 </li></ul><ul><li>Pratim Das PGPM/2010-12/30 </li></ul><ul><li>Ruru Kumar Sahu PGPM/2010-12/34 </li></ul><ul><li>Sabeeha Tanweer PGPM/2010-12/35 </li></ul><ul><li>Siddhartha Priyaranjan PGPM/2010-12/46 </li></ul><ul><li>Somika Saran Pandey PGPM/2010-12/47 </li></ul><ul><li>Subhashree Ray PGPM/2010-12/49 </li></ul>
  3. 3. COMPANY PROFILE <ul><li>Dhirubhai Ambani founded Reliance as a textile company and led its evolution as a global leader in the materials and energy value chain businesses. </li></ul>
  4. 4. <ul><li>Corporate Governance at Reliance is based on the following main principles: </li></ul><ul><li>Constitution of a Board of Directors of appropriate composition, size, varied expertise and commitment to discharge its responsibilities and duties. </li></ul><ul><li>Ensuring timely flow of information to the Board and its Committees to enable them to discharge their functions effectively. </li></ul><ul><li>Independent verification and safeguarding integrity of the Company’s financial reporting. </li></ul><ul><li>A sound system of risk management and internal control. </li></ul><ul><li>Timely and balanced disclosure of all material information concerning the Company to all stakeholders. </li></ul><ul><li>Transparency and accountability. </li></ul><ul><li>Compliance with all the applicable rules and regulations. </li></ul><ul><li>Fair and equitable treatment of all its stakeholders including employees, customers, shareholders and investors. </li></ul>
  5. 5. PRODUCTS & BRANDS <ul><li>The Company expanded into textiles in 1975. Since its initial public offering in 1977, the Company has expanded rapidly and integrated backwards into other industry sectors, most notably the production of petrochemicals and the refining of crude oil. </li></ul><ul><li>The Company from time to time seeks to further diversify into other industries. The Company now has operations that span from the exploration and production of oil and gas to the manufacture of petroleum products, polyester products, polyester intermediates, plastics, polymer intermediates, chemicals and synthetic textiles and fabrics. </li></ul>
  6. 6. Balance sheet of Reliance Industries Limited   2009 (Rupees in Cr.) 2010 (Rupees in Cr.) Application Of Funds     Gross Block 149,628.70 215,864.71 Less: Accum. Depreciation 49,285.64 62,604.82 Net Block 100,343.06 153,259.89 Capital Work in Progress 69,043.83 12,138.82 Investments 20,268.18 19,255.35 Inventories 14,836.72 26,981.62 Sundry Debtors 4,571.38 11,660.21 Cash and Bank Balance 500.13 362.36 Total Current Assets 19,908.23 39,004.19 Loans and Advances 13,375.15 10,517.57 Fixed Deposits 23,014.71 17,073.56 Total CA, Loans & Advances 56,298.09 66,595.32 Deffered Credit 0 0 Current Liabilities 42,664.81 48,018.65 Provisions 3,010.90 3,565.43 Total CL & Provisions 45,675.71 51,584.08 Net Current Assets 10,622.38 15,011.24 Miscellaneous Expenses 0 0 Total Assets 200,277.45 199,665.30       Sources of funds Total Share Capital 1,573.53 3,270.37 Equity Share Capital 1,573.53 3,270.37 Share Application Money 69.25 0 Preference Share Capital 0 0 Reserves 112,945.44 125,095.97 Revaluation Reserves 11,784.75 8,804.27 Networth 126,372.97 137,170.61 Secured Loans 10,697.92 11,670.50 Unsecured Loans 63,206.56 50,824.19 Total Debt 73,904.48 62,494.69 Total Liabilities 200,277.45 199,665.30
  7. 7. Balance sheet of Reliance Industries Limited   2009 (Rupees in Cr.) 2010 (Rupees in Cr.) amount of increase/ decrease Percentage(%) of increase/ decrease Application Of Funds         Gross Block 149,628.70 215,864.71 66,236.01 44.27 Less: Accum. Depreciation 49,285.64 62,604.82 13,319.18 27.02 Net Block 100,343.06 153,259.89 52,916.83 52.74 Capital Work in Progress 69,043.83 12,138.82 -56,905.01 -82.42 Investments 20,268.18 19,255.35 -1,012.83 -5.00 Inventories 14,836.72 26,981.62 12,144.90 81.86 Sundry Debtors 4,571.38 11,660.21 7,088.83 155.07 Cash and Bank Balance 500.13 362.36 -137.77 -27.55 Total Current Assets 19,908.23 39,004.19 19,095.96 95.92 Loans and Advances 13,375.15 10,517.57 -2,857.58 -21.36 Fixed Deposits 23,014.71 17,073.56 -5,941.15 -25.81 Total CA, Loans & Advances 56,298.09 66,595.32 10,297.23 18.29 Deffered Credit 0 0 0.00 0.00 Current Liabilities 42,664.81 48,018.65 5,353.84 12.55 Provisions 3,010.90 3,565.43 554.53 18.42 Total CL & Provisions 45,675.71 51,584.08 5,908.37 12.94 Net Current Assets 10,622.38 15,011.24 4,388.86 41.32 Miscellaneous Expenses 0 0 0.00 0.00 Total Assets 200,277.45 199,665.30 -612.15 -0.31           Sources of funds   Total Share Capital 1,573.53 3,270.37 1,696.84 107.84 Equity Share Capital 1,573.53 3,270.37 1,696.84 107.84 Share Application Money 69.25 0 -69.25 -100.00 Preference Share Capital 0 0 0.00 0.00 Reserves 112,945.44 125,095.97 12,150.53 10.76 Revaluation Reserves 11,784.75 8,804.27 -2,980.48 -25.29 Networth 126,372.97 137,170.61 10,797.64 8.54 Secured Loans 10,697.92 11,670.50 972.58 9.09 Unsecured Loans 63,206.56 50,824.19 -12,382.37 -19.59 Total Debt 73,904.48 62,494.69 -11,409.79 -15.44 Total Liabilities 200,277.45 199,665.30 -612.15 -0.31
  8. 8. ANALYSIS OF BALANCE SHEET <ul><li>Current financial position </li></ul><ul><li>It shows that there is not sufficient fund to meet day to day business. </li></ul><ul><li>In this case working capital will decrease than the first year by 60%. </li></ul><ul><li>It shows that the current financial position is not good. </li></ul>  2009 2010 Current assets 19908.23 39004.19 Less: current liability 42664.81 48018.65 WC -22756.58 -9014.46
  9. 9. ANALYSIS OF BALANCE SHEET <ul><li>Long term financial position </li></ul><ul><li>In this balance sheet shows that long term financial position is not good. </li></ul><ul><li>In this case fixed asset increases (52.73%) more than the long term liability (9.09%). </li></ul><ul><li>It shows that working capital is diverted to fixed asset. </li></ul><ul><li>Profitability position </li></ul><ul><li>It shows that profitability position is good. </li></ul><ul><li>Increase reserves by (10.76%) denote increase in profitability. </li></ul>

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