Capacity                                     FY08      FY09      FY10      FY11      Q1CY12    Q2CY12Textile & Hosiery Gar...
Export sales                            585.73      646.65 733.9667 881.4627 243.04734 254.7777Domestic Sales             ...
Q3CY12 Q4CY12 CY12         Q1CY13 Q2CY13 Q3CY13 Q4CY13 CY13 3500000 3500000 14000000 3500000 3500000 3500000 3500000 14000...
271.452 295.0481 1081.762 303.029 304.9504 315.8585 321.5095 1264.429 116.3366 126.4492 463.6124 129.8696 130.693 135.3679...
Nakoda Ltd Balance Sheet - Consolidated - Actual - Schedules- [INR-Crore]DESCRIPTION                                      ...
As a % Raw Material                    2.01%      0.39%   Other Liabilities                   39.02      38.87Provisions  ...
Mar-08     Mar-09Share Capital                          18.05      18.05Total Reserves                         506.6     4...
Mar-10      Mar-11        Mar-12     Mar-13    18.05       18.05        18.05       18.05        5           5            ...
1.15%       2.00%       2.00%    2.00%   73.11       73.11        73.11   73.11   23.16       23.16        23.16   23.16  ...
Mar-10     Mar-11      Mar-12   Mar-13   18.05      18.05        18.05   18.05  535.04   614.3413   715.55585 844.6123    ...
Raw material cost          FY08            FY09            FY10            FY11            Q1CY12Manmade/Synthetic Fibres ...
Q2CY12 Q3CY12 Q4CY12 CY12      Q1CY13 Q2CY13 Q3CY13 Q4CY13 CY13     3.72   3.96   4.32  15.56      4.43   4.46   4.60   4....
2.02%    2.32%    1.44%82.22%   84.78%   83.82% 0.50%    0.30%    0.30% 0.33%    0.20%    0.20%14.30%   11.55%   13.27% 0....
CY08       CY09          CY10          CY11         CY12         CY13capital expendiure planned                           ...
Capital expenditure                                                    200          200                                   ...
2013    60%  Mar-13   378.88 1230.27      7.17    0.1631616.483109.1489859.67966.800701      0.15975.7791640.7039    12.0%...
Loans and Advances                                          CY08       CY09      CY10      CY11      CY12Deposits with Gov...
CY13       0.00   261.3    20%  261.32
Nahar Ltd Profit And Loss - Consolidated - Actual - Schedules- [INR-Crore]DESCRIPTION                                     ...
Tax Rate                                         39.47%    34.71%Profit After Tax                                  11.99  ...
Mar-10     Mar-11     Mar-12     Mar-131110.444 1343.202 1643.755 1921.998  10.87%   20.96%   22.38%   16.93%   0.017 1.34...
33.65%   33.00%     33.00%    33.00%  53.45    78.02      99.21    123.54  4.81%    5.81%      6.04%     6.43%  53.45    7...
Expenditure distribution1800                                                              2008        20091600            ...
verage         2012   2013
2010    2011 (E)    2012 (E)    2013 (E)                 541.78     639.368     789.479    923.1374                 140.27...
Costing calculation cotton yarn -description   FY08               FY09              FY10           FY11Final Selling price...
weight garments   16.17%    15.25%    16.21%      17.00%Weight yarn       83.83%    84.75%    83.79%      83.00%Depreciati...
CY12            CY13            Costing calculation Garment   FY08   FY09   FY10         187             190 63199155.54  ...
17.00%        17.00%    83.00%        83.00%  81.882592   90.26215568   0.202675 0.169641 0.16273613.92004064   15.3445664...
FY11   CY12   CY13
Material     Material     Cost per unitYear End          Product Name                                     Quantity      Va...
200603.00                               200603.00                               200603.00                               20...
Capital Expenditures  Garments  YarnDepreciation  Garments  Yarn
Installed   Installed    Production   ProductionYear End                        Product Name                              ...
200603.00 Stores & Miscellaneous                               200603.00 Raw Wool                               200603.00 ...
Capital Expenditures   65.73   70.53   146.89   145.05  Garments              7.06    9.52    18.63    16.58  Yarn        ...
Sales PerProduction    Capacity                                   Sales                            Sales Units   Sales Qty...
1.85    0.38                        KG                 17125.00     0.25    0.05   145.00                        KG       ...
2008      2009      2010electricity purchased units   213414326 241043542 223785034rate per unit                       4.2...
Financial Ratios          FY08           FY09          FY10      FY11      CY12      CY13EPS (Rs)                        3...
Flevy.com - Excel Model for Manufacturing Firm
Flevy.com - Excel Model for Manufacturing Firm
Flevy.com - Excel Model for Manufacturing Firm
Flevy.com - Excel Model for Manufacturing Firm
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Flevy.com - Excel Model for Manufacturing Firm

  1. 1. Capacity FY08 FY09 FY10 FY11 Q1CY12 Q2CY12Textile & Hosiery Garments 14000000 14000000 14000000 14000000 3500000 3500000Cotton/Synthetic Yarn(spindles) 345952 345952 346096 346096 86524 86524Additional Cotton/Synthetic Yarn(spindles) 22500Cooton/Synthetic yarn produced 62769531 62769531 62795658 62795658 15698915 19781315Capacity utlization FY08 FY09 FY10 FY11 Q1CY12 Q2CY12Textile & Hosiery Garments 41.68% 39.88% 50.57% 65.00% 70.00% 75.00%Cotton/Synthetic Yarn(spindles) 93.38% 99.66% 98.50% 90.00% 95.00% 96.00%Additional Cotton/Synthetic Yarn(spindles) 12.00%Actual production FY08 FY09 FY10 FY11 Q1CY12 Q2CY12Textile & Hosiery Garments 5834523 5583808 7079154 9100000 2450000 2625000Cotton/Synthetic Yarn (QTY) 58615102 62556321 61855507 56516092 14913969 15560846waste 10764970 3550945 3704963% sales to actual production FY08 FY09 FY10 FY11 Q1CY12 Q2CY12Textile & Hosiery Garments 93.27% 89.09% 90.13% 93.00% 95.00% 95.00%Cotton/Synthetic Yarn (QTY) 93.30% 90.53% 92.54% 96.00% 97.00% 97.00%waste 99.00% 99.00% 99.00%Sales Quantity FY08 FY09 FY10 FY11 Q1CY12 Q2CY12Textile & Hosiery Garments 5441620 4974815 6380760 8463000 2327500 2493750Cotton/Synthetic Yarn (QTY) 54686734 56632880 57243910 54255449 14466550 15094021waste 20601655 19396955 21056715 10657320 3515435.5 3667914Sales per piece FY08 FY09 FY10 FY11 Q1CY12 Q2CY12Textile & Hosiery Garments 228.82 261.52 243.9 253 260 260Cotton/Synthetic Yarn Rs 125 131.51 139.52 180 187 187waste 28.98 35.88 34.92 43 46 46Revenue in Crore FY08 FY09 FY10 FY11 Q1CY12 Q2CY12Textile & Hosiery Garments 124.51515 130.1014 155.6267 214.1139 60.515 64.8375Cotton/Synthetic Yarn rs 683.58417 744.779 798.667 976.5981 270.52448 282.2582waste 59.703595 69.59627 73.53005 45.82648 16.171003 16.8724Total revenue ( Manufacturing ) 867.80291 944.4766 1027.824 1236.538 347.21048 363.9681Raw Material 2.19 2.99 7.74 8.12Knitted Cloth 4.7 6.73 7.34 8.074Raw Wool 0 0 0.77 1Stores & miscellaneous 3.7 3.29 4.85 5.5Total revenue 878.39291 957.4866 1048.524 1259.232 347.21048 363.9681Actual RevenuesOperating Income FY08 FY09 FY10 FY11 Q1CY12 Q2CY12
  2. 2. Export sales 585.73 646.65 733.9667 881.4627 243.04734 254.7777Domestic Sales 292.64 311.8 314.5571 377.7697 104.16315 109.1904export incentives 35.63 38.34 55.35 66.42Services rendered 3.49 4.8 6.57 7.55Operating Income 917.49 1001.59 1110.444 1343.202 347.21048 363.9681other income 10.03 6.71 10.35 10power cost per unit FY08 FY09 FY10 FY11 Q1CY12 Q2CY12average cost per unit 4.75 4.9 4.9unit consumed per unit product FY08 FY09 FY10 FY11 Q1CY12 Q2CY12Textile & Hosiery Garments 0.71 0.8 0.84 0.88 0.88Cotton/Synthetic Yarn rs 4.25 4.59 4.65 4.8 4.8power cost FY08 FY09 FY10 FY11 Q1CY12 Q2CY12Textile & Hosiery Garments 3.376737 1.003618 1.075305Cotton/Synthetic Yarn rs 148.607 43.429477 45.31318 151.9838 2008 2009 2010 2011 E 2012 E 2013 ETextile & Hosiery Garments 124.51515 130.1014 155.6267 214.1139 267.995 308.3938Cotton/Synthetic Yarn 683.58417 744.779 798.667 976.5981 1181.8242 1384.776waste 59.703595 69.59627 73.53005 45.82648 70.645301 85.89777
  3. 3. Q3CY12 Q4CY12 CY12 Q1CY13 Q2CY13 Q3CY13 Q4CY13 CY13 3500000 3500000 14000000 3500000 3500000 3500000 3500000 14000000 86524 86524 346096 86524 86524 86524 86524 346096 22500 22500 67500 22500 22500 22500 22500 9000019781315 19781315 75042858 19781315 19781315 19781315 19781315 79125258Q3CY12 Q4CY12 CY12 Q1CY13 Q2CY13 Q3CY13 Q4CY13 CY13 80.00% 85.00% 77.50% 85.00% 85.00% 90.00% 90.00% 87.50% 97.00% 98.00% 96.50% 98.00% 98.00% 99.00% 99.00% 98.50% 33.00% 66.60% 37.20% 66.60% 70.00% 80.00% 90.00% 76.65%Q3CY12 Q4CY12 CY12 Q1CY13 Q2CY13 Q3CY13 Q4CY13 CY13 2800000 2975000 10850000 2975000 2975000 3150000 3150000 1225000016575139 18103815 65153769 18103815 18242616 18807845 19216085 74370362 3946462 4310432 15512802 4310432 4343480 4478058 4575258 17707229Q3CY12 Q4CY12 CY12 Q1CY13 Q2CY13 Q3CY13 Q4CY13 CY13 95.00% 95.00% 95.00% 95.00% 95.00% 95.00% 95.00% 95.00% 97.00% 97.00% 97.00% 98.00% 98.00% 98.00% 98.00% 98.00% 99.00% 99.00% 99.00% 99.00% 99.00% 99.00% 99.00% 99.00%Q3CY12 Q4CY12 CY12 Q1CY13 Q2CY13 Q3CY13 Q4CY13 CY13 2660000 2826250 10307500 2826250 2826250 2992500 2992500 1163750016077885 17560700 63199156 17741738 17877764 18431689 18831764 72882955 3906997 4267328 15357674 4267328 4300045 4433278 4529506 17530157Q3CY12 Q4CY12 CY12 Q1CY13 Q2CY13 Q3CY13 Q4CY13 CY13 260 260 260 265 265 265 265 265 187 187 187 190 190 190 190 190 46 46 46 49 49 49 49 49Q3CY12 Q4CY12 CY12 Q1CY13 Q2CY13 Q3CY13 Q4CY13 CY13 69.16 73.4825 267.995 74.89563 74.89563 79.30125 308.3938 79.30125 300.6564 328.3851 1181.824 337.093 339.6775 350.2021 1384.776 357.8035 17.97219 19.62971 70.6453 20.90991 21.07022 21.72306 85.89777 22.19458 387.7886 421.4973 1520.465 432.8986 435.6434 451.2264 1779.068 459.2993 8.53 8.96 8.88 9.8 1 1 6.5 7.5 387.7886 421.4973 1545.375 432.8986 435.6434 451.2264 459.2993 1806.328Q3CY12 Q4CY12 CY12 Q1CY13 Q2CY13 Q3CY13 Q4CY13 CY13
  4. 4. 271.452 295.0481 1081.762 303.029 304.9504 315.8585 321.5095 1264.429 116.3366 126.4492 463.6124 129.8696 130.693 135.3679 137.7898 541.8983 79.7 95.69 8.68 9.98 387.7886 421.4973 1643.755 432.8986 435.6434 451.2264 459.2993 1921.998 10 10Q3CY12 Q4CY12 CY12 Q1CY13 Q2CY13 Q3CY13 Q4CY13 CY13 4.9 4.9 4.9 5.1 5.1 5.1 5.1 5.1Q3CY12 Q4CY12 CY12 Q1CY13 Q2CY13 Q3CY13 Q4CY13 CY13 0.88 0.88 0.88 0.92 0.92 0.92 0.92 0.92 4.8 4.8 4.8 5 5 5 5 5Q3CY12 Q4CY12 CY12 Q1CY13 Q2CY13 Q3CY13 Q4CY13 CY13 1.146992 1.218679 4.444594 1.326077 1.326077 1.404081 1.404081 5.460315 48.26681 52.71831 189.7278 57.15633 57.59455 59.37905 60.66793 234.7979 194.1724 240.2582
  5. 5. Nakoda Ltd Balance Sheet - Consolidated - Actual - Schedules- [INR-Crore]DESCRIPTION Mar-08 Mar-09SOURCES OF FUNDS:Share Capital 18.05 18.05 Face Value 5 5No of shares 3.61 3.61Share Warrants & Outstandings 0 0Total Reserves 506.6 487.86 Securities Premium 209.59 209.59 Capital Reserves 13.63 13.63 Profit & Loss Account Balance 5.69 -27.97 General Reserves 277.69 283.38 Exchange Fluctuation reserve 0 9.23Shareholders Funds 524.65 505.91Minority Interest 0.00 0.00Secured Loans 801.94 634.48 Term Loans - Banks 393.18 366.17 Working Capital Loans - Banks 408.76 268.31 Vehicle loans 0.00 0.00Unsecured Loans 25.27 6.27 Other Deposits 15.47 0 Other Unsecured Loan 9.8 6.27Total Debts 827.21 640.75Total Liabilities 1351.86 1146.66Debt to Equity Ratio 2.576685 2.26653APPLICATION OF FUNDS :Gross Block 1259.1 1324.8Less: Accumulated Depreciation 609.77 676.06Net Block 649.33 648.74Capital Work in Progress 63.88 23.9Investments 9 17.05Current Assets, Loans & Advances 0 0Inventories 405.13 201.73As a % of Raw Material Consumed 89.14% 40.15%Sundry Debtors 219.55 237.16As a % of Net Sales 23.95% 23.68%Cash and Bank 10.38 9.36Loans and Advances 131.48 114.27Total Current Assets 766.54 562.52Less : Current Liabilities and ProvisionsCurrent Liabilities 72.39 56.07 Sundry Creditors 24.25 15.25As a % of Raw Material 5.34% 3.03% Acceptances 9.12 1.95
  6. 6. As a % Raw Material 2.01% 0.39% Other Liabilities 39.02 38.87Provisions 10.23 2.51Total Current Liabilities 82.62 58.58Net Current Assets 683.92 503.94Deferred Tax Assets / Liabilities -53.67 -45.41Total Assets 1352.46 1148.22Contingent Liabilities 252.83 214.97Book Value 145.67 140.69Adjusted Book Value 145.67 140.69CASH FLOW STATEMENTCash Flow Statement Mar-08 Mar-09PAT -15.8918Dep 76.11OthersOperating profit before WC Changes 60.2182Change in Current Assets 203Change in Current Liabilities -24.04Provisions 7.72Deferred Tax Liability 8.26Net Cash from Operating Activities 255.1582Purchase Fixed Asset -65.7CWIP 39.98Purchase/Sale of investments -8.05Cash from Investing Activities -33.77Change in Minority InterestIssue of capital 0Debt borowed -186.46Premium on Issue of Capital 0Repayment of DebtDividend Paid and DDT Tax -1.805Cash From Financing Activities -188.26Foreign currency translation -34.15Cash from all the activities -1.02Opening balance of Cash 10.38Closing balance of Cash 9.36
  7. 7. Mar-08 Mar-09Share Capital 18.05 18.05Total Reserves 506.6 487.86Minority Interest 0 0Total Debts 827.208 640.75Total Liabilities 1351.858 1146.66Gross Block 1259.1 1324.8Less: Accumulated Depreciation 609.77 676.06Net Block 649.33 648.74Capital Work in Progress 63.88 23.9Investments 9 17.05Net Current Assets 683.92 503.94Deferred Tax Assets / Liabilities -53.67 -45.41Total Assets 1352.46 1148.22Current Ratio 9.277899 9.602595Interest coverageinventory days 161.1706 73.51456creditor days 9.647244 5.557414debtor days 87.34237 86.42598
  8. 8. Mar-10 Mar-11 Mar-12 Mar-13 18.05 18.05 18.05 18.05 5 5 5 5 3.61 3.61 3.61 3.61 0 0 0 0 535.04 614.3413 715.55585 841.0948 209.59 209.59 209.59 209.59 13.63 13.63 13.63 13.63 45.69 78.02 99.21 123.54 255.41 301.1 379.12126 478.3359 10.72 12.00 14.00 16.00 553.09 632.3913 733.60585 859.1448 0.00 0.00 0.00 0.00 845.95 1070.83 1300.20 1323.63 349.81 549.81 749.81 749.81 496.14 521.02 550.39 573.82 0.00 0.00 0.00 0.00 9.92 10 10 10 0 0 0 0 9.92 10 10 10 855.87 1080.83 1310.20 1333.63 1408.96 1713.22 2043.80 2192.772.547434 2.709119 2.7859674 2.552276 1376.49 1496.483 1616.483 1616.483 729.37 803.6344 885.51699 975.7791 647.12 692.8486 730.96601 640.7039 41.18 121.18 201.18 201.18 10.95 0 488.47 447.5576 552.63529 646.1962 90.16% 70.00% 70.00% 70.00% 245.41 308.6276 377.68547 441.6174 22.10% 23% 23% 23% 18.26 147.39 142.25 179.71 134.02 174.21 217.77 261.32 886.16 1077.788 1290.3399 1528.843 96.26 105.0784 112.58395 119.2669 16.94 19.18104 23.684369 27.69412 3.13% 3.00% 3.00% 3.00% 6.21 12.78736 15.78958 18.46275
  9. 9. 1.15% 2.00% 2.00% 2.00% 73.11 73.11 73.11 73.11 23.16 23.16 23.16 23.16 119.42 128.2384 135.74395 142.4269 766.74 949.5495 1154.596 1386.416 -55.58 -55.58 -55.58 -55.58 1410.41 1707.998 2031.162 2172.72 158.59 153.78 153.78 175.1776 203.21492 237.9903 Mar-10 Mar-11 Mar-12 Mar-1353.44892 78.02126 99.214593 123.539 69.86 74.2844 81.882592 90.26216 123.3089 152.3057 181.09719 213.8011 -314.74 -62.49821 -217.68881 -201.0461 60.84 8.818398 7.5055507 6.682922 -20.65 0 0 0 -10.17 0 0 0-161.4111 98.62585 -29.086069 19.43798 -51.69 -119.993 -120 0 -17.28 -80 -80 0 6.1 10.95 0 0 -62.87 -189.043 -200 0 0 0 0 0 215.12 224.96 229.36 23.43 0 0 0 0 -5.415 -5.415 -5.415 -5.415 209.71 219.55 223.95 18.02 23.48 8.90 129.13 -5.14 37.46 9.36 18.26 147.39 142.2529 18.26 147.39 142.25 179.71
  10. 10. Mar-10 Mar-11 Mar-12 Mar-13 18.05 18.05 18.05 18.05 535.04 614.3413 715.55585 844.6123 0 0 0 0 855.87 1080.832 1310.1961 1333.63 1408.96 1713.223 2043.802 2196.292 1376.49 1496.483 1616.483 1616.483 729.37 803.6344 885.51699 975.7791 647.12 692.8486 730.96601 640.7039 41.18 121.18 201.18 201.18 10.95 12 12 12 766.74 949.5495 1154.596 1389.934 -55.58 -55.58 -55.58 -55.58 1410.41 1707.998 2031.162 2176.2377.420533 8.404564 9.5056901 10.73423160.5588 121.6187 122.71411 122.71695.568134 5.212229 5.2591764 5.25929680.66563 83.86605 83.86605 83.86605
  11. 11. Raw material cost FY08 FY09 FY10 FY11 Q1CY12Manmade/Synthetic Fibres 10.77 14.32 9.29 15.37 3.56Raw Cotton 439.15 523.12 541.71 504.61 151.41Raw Wool of all Kinds 2.69 1.87 1.94 3.84 0.89Cloth 1.79 1.22 1.32 2.53 0.59Cotton Yarn 76.35 71.26 85.77 107.64 23.16Synthetic Yarn 3.34 5.26 6.28 5.38 1.10Total cost 534.09 617.05 646.30 639.37Raw material cost /unit FY08 FY09 FY10 FY11 Q1CY12Manmade/Synthetic Fibres 101.26 100.53 97.03Raw Cotton 56.74 60.64 64.90 75.00 82Raw Wool of all Kinds 221.99 330.26 267.67Cloth 196.15 208.54 202.21Cotton Yarn 132.03 133.65 129.16Synthetic Yarn 116.96 109.96 97.31
  12. 12. Q2CY12 Q3CY12 Q4CY12 CY12 Q1CY13 Q2CY13 Q3CY13 Q4CY13 CY13 3.72 3.96 4.32 15.56 4.43 4.46 4.60 4.70 18.20 157.98 168.28 183.80 661.47 188.28 189.72 195.60 199.85 773.45 0.93 0.99 1.08 3.89 1.11 1.12 1.15 1.18 4.55 0.61 0.65 0.71 2.57 0.73 0.74 0.76 0.78 3.00 24.16 25.74 28.11 101.17 28.80 29.02 29.92 30.56 118.29 1.15 1.23 1.34 4.82 1.37 1.38 1.43 1.46 5.64 789.48 923.14Q2CY12 Q3CY12 Q4CY12 CY12 Q1CY13 Q2CY13 Q3CY13 Q4CY13 CY13 82 82 82 82 84 84 84 84 84
  13. 13. 2.02% 2.32% 1.44%82.22% 84.78% 83.82% 0.50% 0.30% 0.30% 0.33% 0.20% 0.20%14.30% 11.55% 13.27% 0.62% 0.85% 0.97%
  14. 14. CY08 CY09 CY10 CY11 CY12 CY13capital expendiure planned 200 200 0Secured LoansTerm Loans 393.178 366.17 349.81 549.81 749.81 749.81Debt Repaid 27.01 0.00 0 0Growth in sales 9.17% 10.87% 20.06% 22.54% 17.03%Working Capital Loans 408.76 268.31 496.14 521.02 550.39 573.82Vehicle Loans 0.00 0.00 0 0 0 801.94 634.48 845.95 1070.83 1300.20 1323.63Unsecured Loansfrom corporate bodies 9.8 6.27 9.92 10 10 10from banks 15.47Others 6.27 9.92 10.00 10.00 10.00Total 827.21 640.75 855.87 1080.83 1310.20 1333.63interest on term loan 20.51 20.48 32.43879 44.23879 44.23879interest on term loan 5.60% 5.85% 5.90% 5.90% 5.90%Total interest paid 31.36 41.34 45.04 60.32 73.66 74.89interest rate 6.45% 5.26% 5.58% 5.62% 5.62%Interest paid on other loans 20.83 24.56 27.88 29.42 30.65Interest Paid 7.59% 4.9% 5.25% 5.25% 5.25%Interest Capitilised
  15. 15. Capital expenditure 200 200 2008 2009 2010 2011 2012Fixed Assests Mar-08 Mar-09 Mar-10 Mar-11 Mar-12Land and building 309.61 345.67 378.88 378.88 378.88Plant and machinery 943.02 972.13 990.27 1110.27 1230.27Furnitures 6.46 6.83 7.17 7.17 7.17Intangible assests 0 0.163 0.163 0.163 0.163Net Assests 1259.09 1324.793 1376.483 1496.483 1616.483Dep Land and building 60.49 69.13 77.69 87.0128 97.45434Dep Plant and machinery 544.15 601.45 645.89 710.479 781.5269Dep Furnitures 5.12 5.43 5.71 6.0526 6.415756Dep Intangible assests 0 0.03 0.06 0.09 0.12Net Depreciation 609.76 676.04 729.35 803.6344 885.517Net Block 649.33 648.753 647.133 692.8486 730.966% increase dep of Land and building 14.3% 12.4% 12.0% 12.0%% increase dep of plant and machinery 10.5% 7.4% 10.0% 10.0%% increase dep of furniture 6.1% 5.2% 6.0% 6.0%% increase dep of Intangible assestsDepreciation 74.2844 81.88259Capital Work in progress Mar-08 Mar-09 Mar-10 Mar-11 Mar-12Capital Work in Progress 63.88 23.9 41.18 121.18 201.18
  16. 16. 2013 60% Mar-13 378.88 1230.27 7.17 0.1631616.483109.1489859.67966.800701 0.15975.7791640.7039 12.0% 10.0% 6.0%90.26216 Mar-13 201.18 40%
  17. 17. Loans and Advances CY08 CY09 CY10 CY11 CY12Deposits with Govt. Authorities 12.51 0.00 0.00 0.00Share Application MoneyAdvances Recoverable in Cash or in Kind 97.0 112.1advance tax 4.7 21.9total advance 101.8 134.0 174.2 217.8Growth rate 32% 30% 25%Total 131.48 114.26 134.01 174.21 217.77
  18. 18. CY13 0.00 261.3 20% 261.32
  19. 19. Nahar Ltd Profit And Loss - Consolidated - Actual - Schedules- [INR-Crore]DESCRIPTION Mar-08 Mar-09INCOME :Gross Sales 917.49 1001.59Growth Rate % 9.17%Less: Excise Duty 0.93 0.23As a % of Sales 0.10% 0.02%Net Sales 916.56 1001.36Growth Rate % 9.25%EXPENDITURE :Increase/Decrease in Stock -10.55 9.11Raw Material Consumed 454.50 502.50As a % of Sales 49.59% 50.18%Power & Fuel Cost 137.15 130.12As a % of Sales 14.96% 12.99%Employee Cost 69.78 70.71As a % of Sales 7.61% 7.06%Other Manufacturing Expenses 70.29 70.76As a % of Sales 7.67% 7.07%General and Administration Expenses 10.98 10.8As a % of Sales 1.20% 1.08%Selling and Distribution Expenses 64.6 72.82As a % of Sales 7.05% 7.27%Miscellaneous Expenses 1.77 48.1As a % of Sales 0.19% 4.80%Total Expenditure 798.52 914.92% change 14.58%As a % of Sales 87.12% 91.37%Operating Profit (Excl OI) 118.04 86.44EBITDA Margin 12.88% 8.63%Other Income 10.04 6.72Operating Profit 128.08 93.16Operating Profit Margin 13.97% 9.30%Interest 31.36 41.39As a % of debt 3.79% 6.46%PBDT 96.72 51.77Depreciation 76.91 76.11As a % of gross block 6.11% 5.75%Profit Before Taxation & Exceptional Items 19.81 -24.34Exceptional Items - -Profit Before Tax 19.81 -24.34PBT Margin 2.16% -2.43%Provision for Tax 7.82 -8.45
  20. 20. Tax Rate 39.47% 34.71%Profit After Tax 11.99 -15.89PAT Margin 1.31% -1.59%Minority InterestConsolidated Net Profit 11.99 -15.89Equity Dividend % 30.00% 10.00%Earnings Per Share 3.32 -4.40Adjusted EPS 3.32 -4.40current price is 108 4.67 as per moneycontrolinterest coverage ratio 4.084327 2.250742DESCRIPTION Mar-08 Mar-09Net Sales 916.6 1001.4Expenditure 798.5 914.9PBIDT 128.1 93.2Interest 31.4 41.4Depreciation 76.9 76.1Profit After Tax 12.0 -15.9Equity Share Capital 18.0 18.0EPS 3.3 0.0 96.7 51.8Financial leverage 1.32422 1.799526 2008 2009
  21. 21. Mar-10 Mar-11 Mar-12 Mar-131110.444 1343.202 1643.755 1921.998 10.87% 20.96% 22.38% 16.93% 0.017 1.343202 1.643755 1.921998 0.00% 0.10% 0.10% 0.10%1110.427 1341.859 1642.111 1920.076 10.89% 20.84% 22.38% 16.93% 4.38 541.78 639.37 789.48 923.14 48.79% 47.65% 48.08% 48.08% 140.27 161.9838 204.1724 250.2582 12.63% 12.07% 12.43% 13.03% 77.76 83.9808 90.69926 97.95521 7.00% 6.26% 5.52% 5.10% 74.04 94.02417 115.0628 134.5398 6.67% 7.01% 7.01% 7.01% 8.87 16.10231 19.70533 23.04091 0.80% 1.20% 1.20% 1.20% 70.97 93.93015 114.9478 134.4053 6.39% 7.00% 7.00% 7.00% 7.25 13.41859 16.42111 19.20076 0.65% 1.00% 1.00% 1.00% 925.32 1102.81 1350.49 1582.54 1.14% 19.18% 22.46% 17.18% 83.33% 82.19% 82.24% 82.42% 185.11 239.05 291.62 337.54 16.67% 17.81% 17.76% 17.58% 10.35 12 12 12 195.46 251.05 303.62 349.54 17.60% 18.71% 18.49% 18.20% 45.04 60.32 73.66 74.89 5.26% 5.58% 5.62% 5.62% 150.42 190.73 229.96 274.65 69.86 74.2844 81.88259 90.26216 5.08% 4.96% 5.07% 5.58% 80.56 116.45 148.08 184.39 - - - - 80.56 116.45 148.08 184.39 7.25% 8.68% 9.02% 9.60% 27.11 38.42838 48.86689 60.84756
  22. 22. 33.65% 33.00% 33.00% 33.00% 53.45 78.02 99.21 123.54 4.81% 5.81% 6.04% 6.43% 53.45 78.02 99.21 123.54 30.00% 30.00% 30.00% 30.00% 14.81 21.61 27.48 34.22 14.81 21.61 27.48 34.22 4.9971 164.8996 205.328 88.1 0.7936944.339674 4.162171 4.122007 4.667394 Financial leverage 2 1.8 1.6 1.4 1.2 Mar-10 Mar-11 Mar-12 Mar-13 1 0.8 1110.4 1341.9 1642.1 1920.1 0.6 925.3 1102.8 1350.5 1582.5 0.4 195.5 251.1 303.6 349.5 0.2 45.0 60.3 73.7 69.6 0 69.9 74.3 81.9 90.3 2008 2009 2010 2011 53.4 78.0 99.2 127.1 18.0 18.0 18.0 18.0 14.8 21.6 27.5 35.2 150.4 190.7 230.0 279.9 1.29943 1.316238 1.320307 1.248802 2010 2011 2012 2013
  23. 23. Expenditure distribution1800 2008 20091600 Raw Material Consumed 502.5 454.5 Miscellaneous Expenses1400 Power & Fuel Cost 137.15 130.121200 EmployeeSelling and Distribution Cost 69.78 70.711000 Other Manufacturing Expenses Expenses70.29 70.76 800 General and Administration Expenses 10.98 10.8 General and Administration 600 Selling and Distribution Expenses Expenses 64.6 72.82 400 Miscellaneous Expenses 1.77 48.1 Other Manufacturing 200 Expenses 0 Employee Cost 2008 2009 2010 2011 2012 2013 (E) (E) (E)
  24. 24. verage 2012 2013
  25. 25. 2010 2011 (E) 2012 (E) 2013 (E) 541.78 639.368 789.479 923.1374 140.27 161.9838 204.1724 250.2582 77.76 83.9808 90.69926 97.95521 74.04 94.02417 115.0628 134.5398Administration 8.87 16.10231 19.70533 23.04091 70.97 93.93015 114.9478 134.4053 7.25 13.41859 16.42111 19.20076
  26. 26. Costing calculation cotton yarn -description FY08 FY09 FY10 FY11Final Selling price 125.00 131.51 139.52 180Cotton yarn sold quantity 54686733.6 56632879.65 57243910 54255448.72Raw cotton needed for it 65103254.28 67420094.82 68147511.9 64589819.9Raw cotton purchased 77402920.23 86272603.09 83472640 0Excess available 12299666 18852508 15325128 -64589820Raw cotton purchase price 56.74 60.64 64.90 75.00% of selling price 45.39% 46.11% 46.52% 41.67%electricity unity required 4.46 4.25 4.59 4.65Cost per unit ( Weight average ) 4.21 4.18 4.41 4.75Electricity per unit cotton yarn 18.80 17.78 20.23 22.09% of selling price 15.04% 13.52% 14.50% 12.27%Labour 10.70 10.58 11.38 12.85% of selling price 8.56% 8.05% 8.16% 7.14%other expense 22.63 30.30 23.59 33.27% of selling price 18.11% 23.04% 16.90% 18.48%interest 4.81 6.19 6.59 9.23% of selling price 3.85% 4.71% 4.73% 5.13%depreciation 11.21 11.16 10.22 11.36% of selling price 8.97% 8.49% 7.32% 6.31%profit 0.11 -5.15 2.62 16.20% of selling price 0.09% -3.92% 1.88% 9.00%Employee Cost 69.78 70.71 77.76 83.9808Interest 31.36 41.39 45.04 60.31743575Other Manufacturing Expenses 70.29 70.76 74.04 94.02417179General and Administration Expenses 10.98 10.8 8.87 16.10231102Selling and Distribution Expenses 64.6 72.82 70.97 93.93014762Miscellaneous Expenses 1.77 48.1 7.25 13.41859252other expense 147.64 202.48 161.13 217.4752229 2008 2009 2010Revenue From Operations 970.78 1054.61 1179.55 Garments 156.93 160.79 191.20 Yarn 813.85 893.82 988.35
  27. 27. weight garments 16.17% 15.25% 16.21% 17.00%Weight yarn 83.83% 84.75% 83.79% 83.00%Depreciation 76.91 76.11 69.86 74.2844 Garments 15.59 12.91 11.37 12.628348 Yarn 61.32 63.20 58.49 61.656052
  28. 28. CY12 CY13 Costing calculation Garment FY08 FY09 FY10 187 190 63199155.54 72882954.53 75237089.93 86765422.06 0 0 -75237090 -86765422 82 84 43.85% 44.21% 4.8 5.1 4.9 5.1 23.52 26.01 12.58% 13.69% 11.91 11.16 6.37% 5.87% 34.95 35.44 18.69% 18.65% 9.67 7.93 5.17% 4.17% 10.75 10.28 5.75% 5.41% 14.19 15.19 7.59% 7.99% 90.699264 97.95520512 73.65906104 69.63934243 115.0628156 134.5398358 19.70532906 23.04090788 114.9477528 134.4052959 16.42110755 19.20075656 266.1370051 311.1867962
  29. 29. 17.00% 17.00% 83.00% 83.00% 81.882592 90.26215568 0.202675 0.169641 0.16273613.92004064 15.34456647 0.797325 0.830359 0.83726467.96255136 74.91758921
  30. 30. FY11 CY12 CY13
  31. 31. Material Material Cost per unitYear End Product Name Quantity Value (Unit Curr)201003.00 Manmade/Synthetic Fibres 917143 9.29 101.26201003.00 Raw Cotton 83472640 541.71 64.90201003.00 Raw Wool of all Kinds 87598 1.94 221.99201003.00 Cloth 67075 1.32 196.15201003.00 Cotton Yarn 6495827 85.77 132.03201003.00 Synthetic Yarn 536819 6.28 116.96200903.00 Manmade/Synthetic Fibres 1424793.59 14.32 100.53200903.00 Raw Cotton 86272603.1 523.12 60.64200903.00 Raw Wool of all Kinds 56772 1.87 330.26200903.00 Cloth 58294 1.22 208.54200903.00 Cotton Yarn 5331773.63 71.26 133.65200903.00 Synthetic Yarn 477964 5.26 109.96200803.00 Manmade/Synthetic Fibres 1110353 10.77 97.03200803.00 Raw Cotton 77402920.2 439.15 56.74200803.00 Raw Wool of all Kinds 100376 2.69 267.67200803.00 Cloth 88318 1.79 202.21200803.00 Cotton Yarn 5910984.3 76.35 129.16200803.00 Synthetic Yarn 342962.17 3.34 97.31200703.00 Manmade/Synthetic Fibres 1090795.3 10.12 92.77200703.00 Raw Cotton 73464489.2 367.89 50.08200703.00 Raw Wool of all Kinds 299102 6.22 207.81200703.00 Cloth 123504 2.45 198.28200703.00 Cotton Yarn 7135058.67 91.76 128.61200703.00 Synthetic Yarn 516517.51 5.64 109.14200603.00 Raw Cotton 20228177.3 122.16 60.39200603.00 Raw Wool of all Kinds 353598 7.38 208.76200603.00 Cloth 139168 2.13 152.80200603.00 Cotton Yarn 5263497 67.32 127.90200603.00 Synthetic Yarn 1155141 12.37 107.12200603.00 Manmade/Synthetic Fibres200503.00 Manmade/Synthetic Fibres 283710.1 2.41 84.84200503.00 Raw Cotton 17571452.3 105.50 60.04200503.00 Raw Wool of all Kinds 322447 6.44 199.80200503.00 Cloth 65857 0.90 136.15200503.00 Cotton Yarn 6339045.36 98.51 155.40200503.00 Woollen Yarn 42342 0.54 128.68200503.00 Synthetic Yarn 1042483 11.33 108.64
  32. 32. 200603.00 200603.00 200603.00 200503.00 200503.00 200503.00 200503.00 200503.00 200503.00 200503.00 200503.00 200503.00 200503.00 200503.00 DescriptionRevenueRevenue From Operations Garments YarnLess / Add : Inter Segment Turnover Garments YarnGross Revenue Garments YarnLess : Excise DutyNet Segment RevenueResultProfit / Loss Before Interest & Tax Garments YarnSegment Assets Garments YarnSegment liability Garments YarnNet AssetsCapital Employed Garments Yarn
  33. 33. Capital Expenditures Garments YarnDepreciation Garments Yarn
  34. 34. Installed Installed Production ProductionYear End Product Name Units Capacity Units Qty 201003.00 Cotton/Synthetic Yarn Spindles 346096.00 KG 61855507.00 201003.00 Textile & Hosiery Garments Pcs. 7079154.00 201003.00 Wastes 201003.00 Raw Material 201003.00 Knitted Cloth 201003.00 Stores & Miscellaneous 201003.00 Raw Wool 201003.00 Gas-Mercerised Yarn/Fabric M.T. 2040.00 KG 1681865.00 201003.00 Dyeing & Processing Yarn/Fabric KG 487014.00 201003.00 Cotton/Synthetic Yarn Rotors 720.00 200903.00 Cotton/Synthetic Yarn Spindles 345952.00 KG 62556320.67 200903.00 Textile & Hosiery Garments Pcs. 5583808.00 200903.00 Wastes 200903.00 Knitted Cloth 200903.00 Stores & Miscellaneous 200903.00 Raw Material 200903.00 Gas-Mercerised Yarn/Fabric M.T. 2040.00 KG 1234117.04 200903.00 Dyeing & Processing Yarn/Fabric KG 896087.94 200903.00 Cotton/Synthetic Yarn Rotors 720.00 200803.00 Cotton/Synthetic Yarn Spindles 345952.00 KG 58615101.72 200803.00 Textile & Hosiery Garments Pcs. 5834523.00 200803.00 Wastes 200803.00 Knitted Cloth 200803.00 Stores & Miscellaneous 200803.00 Raw Material 200803.00 Gas-Mercerised Yarn/Fabric M.T. 2040.00 KG 1877735.69 200803.00 Dyeing & Processing Yarn/Fabric KG 986033.70 200803.00 Cotton/Synthetic Yarn Rotors 720.00 200803.00 Cotton Fabrics 200703.00 Cotton/Synthetic Yarn Spindles 305872.00 KG 52856891.75 200703.00 Textile & Hosiery Garments Pcs. 7974397.00 200703.00 Wastes 200703.00 Stores & Miscellaneous 200703.00 Raw Material 200703.00 Knitted Cloth 200703.00 Cotton Fabrics 200703.00 Gas-Mercerised Yarn/Fabric M.T. 2040.00 KG 1760602.59 200703.00 Dyeing & Processing Yarn/Fabric KG 862348.40 200703.00 Cotton/Synthetic Yarn Rotors 720.00 200603.00 Cotton/Synthetic Yarn Spindles 117408.00 KG 12688259.02 200603.00 Textile & Hosiery Garments Pcs. 8225137.00 200603.00 Wastes 200603.00 Raw Material 200603.00 Knitted Cloth
  35. 35. 200603.00 Stores & Miscellaneous 200603.00 Raw Wool 200603.00 Cotton Fabrics 200603.00 Manmade/Synthetic Fibre 200603.00 Gas-Mercerised Yarn/Fabric M.T. 2040.00 KG 2121314.85 200603.00 Cotton/Synthetic Yarn Rotors 720.00 200503.00 Cotton/Synthetic Yarn Spindles 93408.00 KG 11796563.02 200503.00 Textile & Hosiery Garments Pcs. 6444628.00 200503.00 Wastes 200503.00 Knitted Cloth 200503.00 Raw Material 200503.00 Raw Wool 200503.00 Stores & Miscellaneous 200503.00 Woollen Yarn 200503.00 Cotton Fabrics 200503.00 Gas-Mercerised Yarn/Fabric M.T. 2040.00 KG 1716231.40 200503.00 Cotton/Synthetic YarnNahar Spinning Mills Ltd. (Segment Finance) Description 201003 200903 200803 200703 200603RevenueRevenue From Operations 1179.55 1054.61 970.78 977.83 499.09 Garments 191.20 160.79 156.93 205.26 213.98 Yarn 988.35 893.82 813.85 772.57 285.11Less / Add : Inter Segment Turnover 69.08 54.23 -54.21 -64.50 -12.53 Garments 4.86 4.43 -5.06 -5.37 Yarn 64.22 49.80 -49.14 -59.13 -12.53Gross Revenue 1248.63 1108.84 916.58 913.32 486.57 Garments 196.07 165.22 151.87 199.89 213.98 Yarn 1052.57 943.62 764.71 713.43 272.58Less : Excise DutyNet Segment Revenue 1248.63 1108.84 916.58 913.32 486.57ResultProfit / Loss Before Interest & Tax 118.32 13.75 48.35 111.44 33.28 Garments 22.44 8.19 9.45 24.92 13.34 Yarn 95.88 5.55 38.90 86.52 19.94Segment Assets 1468.93 1171.70 1383.21 1156.62 605.48 Garments 169.77 163.87 176.80 184.28 185.57 Yarn 1299.16 1007.83 1206.40 972.34 419.91Segment liability 102.57 58.75 78.72 95.26 22.92 Garments 23.25 14.47 14.48 42.54 8.63 Yarn 79.32 44.29 64.24 52.71 14.29Net Assets 1366.36 1112.95 1304.49 1061.37 582.56Capital Employed 582.56 Garments 176.94 Yarn 405.62
  36. 36. Capital Expenditures 65.73 70.53 146.89 145.05 Garments 7.06 9.52 18.63 16.58 Yarn 58.66 61.01 128.26 128.47Depreciation 69.86 76.11 76.91 71.97 Garments 11.37 12.91 15.59 17.87 Yarn 58.49 63.20 61.32 54.11
  37. 37. Sales PerProduction Capacity Sales Sales Units Sales Qty % of STO Unit(Unit Amount Utilised % Amount Curr)75795024.00 0.00 KG 57243910.00 798.69 71.92 139.52 Pcs. 6380760.00 155.63 14.01 243.90 KG 21056715.00 73.54 6.62 34.92 KG 1113669.00 7.74 0.70 69.47 KG 374915.00 7.34 0.66 195.66 KG 4.85 0.44 KG 44635.00 0.77 0.07 173.09 0.00 0.00 KG 56632879.65 744.76 74.43 131.51 Pcs. 4974815.00 130.10 13.00 261.52 KG 19396954.66 69.59 6.95 35.88 KG 341170.47 6.73 0.67 197.25 3.29 0.33 KG 336903.20 2.99 0.30 88.86 0.00 0.00 KG 54686733.60 683.58 74.50 125.00 Pcs. 5441620.00 124.51 13.57 228.82 KG 20601654.63 59.70 6.51 28.98 KG 244984.15 4.70 0.51 191.65 3.70 0.40 KG 207459.84 2.19 0.24 105.79 0.00 0.00 KG 49449411.08 656.40 71.88 132.74 Pcs. 7566792.00 177.28 19.41 234.28 KG 18819971.39 45.44 4.98 24.14 3.30 0.36 KG 186463.00 2.93 0.32 157.32 KG 271094.30 2.62 0.29 96.52 KG 32493.72 0.42 0.05 130.20 0.00 0.00 KG 15573449.21 254.02 52.21 163.11 Pcs. 7733746.00 187.65 38.57 242.63 KG 5228419.01 13.85 2.85 26.48 KG 726801.14 3.63 0.75 49.97 KG 228639.47 1.89 0.39 82.52
  38. 38. 1.85 0.38 KG 17125.00 0.25 0.05 145.00 KG 8942.16 0.18 0.04 198.43 KG 1308530.00 0.03 0.01 0.21 0.00 0.00 KG 15835642.36 252.44 56.18 159.41 Pcs. 6151844.00 152.53 33.94 247.94 KG 5255764.36 14.16 3.15 26.93 KG 166904.84 2.67 0.60 160.25 KG 375940.82 2.30 0.51 61.31 KG 137732.00 2.14 0.48 155.52 1.77 0.39 KG 8040.00 0.29 0.06 358.55 KG 260.36 0.01 0.00 410.89 0.00200503 200403 200303 471.00 409.88 482.29 185.50 133.73 200.95 285.50 276.15 281.34 21.63 -20.84 -21.61 21.63 -20.84 -21.61 492.63 389.03 460.68 185.50 133.73 200.95 307.13 255.31 259.73 492.63 389.03 460.68 20.15 24.87 42.66 6.92 4.38 12.67 13.23 20.49 29.99 461.99 490.13 486.37 134.95 118.91 141.57 327.04 371.22 344.80 31.06 42.06 69.98 17.12 25.44 47.85 13.94 16.61 22.13 430.94 448.07 416.39 430.94 448.07 416.39 117.83 93.47 93.71 313.11 354.61 322.68
  39. 39. 2008 2009 2010electricity purchased units 213414326 241043542 223785034rate per unit 4.21 4.18 4.42own generation thru disel 51176799 10279508 25083427rate per unit 4.96 7.02 6.39own generation thru turbine 16733300 33283148 41936530rate per unit 1.99 3.34 3.15Weighted average cost 4.21 4.18 4.41
  40. 40. Financial Ratios FY08 FY09 FY10 FY11 CY12 CY13EPS (Rs) 3.3 0.0 14.8 21.6 27.5 35.2DPS (Rs) 1.5 0.5 1.5 1.5 1.5 1.5Book Value (Rs) 145.67 140.69 153.78 175.1776 203.2149 238.9646Debt /Equity Ratio 2.58 2.27 2.55 2.71 2.79 2.55Current Ratio 9.28 9.60 7.42 8.40 9.51 10.76interest coverage ratio 4.08 2.25 4.34 4.16 4.12 5.02Revenue Growth Rate % 9.25% 10.89% 20.84% 22.38% 16.93%Price/EPS 33.68 0.00 7.56 5.18 4.07 3.18Price/Book value 0.77 0.80 0.73 0.64 0.55 0.47inventory days 161 74 161 122 123 123creditor days 10 6 6 5 5 5debtor days 87 86 81 84 84 84

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