Saif Finance

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LOGO12/20/2011 finencial LOGO

Click to edit Master subtitle styleFinancial accounting

Presented to : Surabhi Kapadia

Presented by : Saif Siddiqui

Roll no : 06


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LOGO12/20/2011 finencial accounting

Bannari AmmanSugars Ltd.

v

Date of Establishment 1983v Business Operation Sugar v Background Bannari Amman Sugars

incorporated in 1983, is engaged in themanufacturing of sugar, alcohol, liquor,granite, biocompost, biodiesel and power.Company is a part of conglomerateBannari Amman Group.

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Our mission

v

We seek to grow together on the platformof innovation innovation in technology;innovation in systems and innovation inpractices by developing sustainablepartnerships.

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Bannari ammansuger limited

v

Motto Strive to perform best at all timesObjectives



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Objectives

v

Our Endeavour is to

Identity and improve the processes to have

a continuous up gradation of the quality of the end productsServe in the best interest of cane growersand shareholdersMaximize productivity by optimizing allinputsExpand and diversity utilizing by product in aplanned manner 12/20/2011 55 finencial accounting


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Bannari AmmanSugars Ltd.

v

Financials Total Income - Rs. 8315.851Million ( year ending Mar 2011)Net Profit - Rs. 530.614 Million ( year ending Mar 2011)

v Bankers Bank of Baroda, Bank of India ,Canara Bank , Federal Bank, IndianOverseas Bank, Karur Vysya Bank,

Punjab National Bank, State Bank of Hyderabad, State Bank of India, StateBank of Travancore, The Lakshmi VilasBank Ltd, Union Bank of India

v Auditors PN Ra havendra Rao & Co12/20/2011 66 finencial accounting


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FinancialHighlights

Financial Year 2008-09 2009-10 2010-11

Turnover 67404.42 85346.50 108067.29

Other Income 1727.03 897.93 773.12

Total Income(incl Stock Adj)

69131.45 86244.43 108840.41

Raw Materials 34324.72 42995.38 65666.01

Traded Goods -- -- 33.95

Excise Duty onStock

(400.66) (799.89) 804.92

Overhead & Other

Exp

17651.51 19710.77 27427.63

Overhead & Other Ex

17651.51 19710.77 27427.63

PBDIT 17555.88 24338.17 14907.90

12/20/2011 finencial accounting77



Turnover = Net Sales + Closing Stock Opening Stock

Depreciation 3408.23 3834.06 7083.08

Interest 958.14 530.34 2215.65

Pre-Tax Profit 13189.51 19973.77 5609.17

Tax 1206.74 5610.44 303.03

Post-Tax Profit 11982.77 14363.33 5306.14

Equity Capital 1143.97 1143.97 1143.97Reserves 54270.49 67301.16 71273.33


K Fi i l R i 2008 09 2009 10 20010 11



Key Financial Ratios 2008- 09 2009 - 10 20010- 11

Financial Year 2008 - 09 2009 - 10 2010 - 11

Financial Ratios

Other Income/Turnover % 2.56 1.05 0.72

Overheads/Turnover % 26.19 23.09 25.38

Interest/Turnover % 1.42 0.62 2.05

PBIDT/Turnover % 26.05 28.52 13.80

NP/Turnover % 19.57 23.40 5.19

Cash Profit/Turnover % 24.62 27.90 11.74

ROCE (PBIDT/Average CapitalEmployed) %

21.55 28.60 13.87

ROCE (PBIT/Average CapitalEmployed) %

17.36 24.09 7.28

Capital Output Ratio(Turnover /Average Capital Employed)

82.73 100.29 100.55



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Balance Sheet

Ratios

2008 - 09 2009 - 10 2010- 11

Debt Equity Ratio(Long Term Debt toEquity)

0.22 / 2.98 0.23 / 4.94 0.14 / 9.77

Debtors' Turnover

(Days)

38 / 19 34

Inventory Turnover (Days)

136 79 161

Current Ratio 1.63 / 2.15 1.72 / 2.53 2.07 / 4.23

Quick Ratio 1.43

1.24

0.80 / 1.35 1.04 /1.25 0.84 /1.95

Average Turnover Ratio(Total Revenue /Total Assets)

0.81 0.87 0.81



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Per Share Data 2008 - 09 2009 - 10 2010 - 11

EPS (Rs) 103.05 / 0.31 125.56 / -29.27 46.38 / -47.43

CEPS (Rs) 132.84 / 9.23 159.07 / -15.81 108.30 / -29.06

Dividend on Equity(Rs)

10.00 10.00 10.00

- Pref (Rs) 9.00 -- --

Dividend (Rs inLakhs)

1532.76 1338.39 1333.97

Net Profit after tax

(Rs in Lakhs)

11982.77 14363.33 5306.14

Book Value (Rs) 484.40 / 56.64 598.31 /27.37 633.03 / 20.06



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Balance Sheet of bannari amman sugers limited



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Particulars Jun-11 Mar-10 Mar-09

SOURCES OF FUNDS :

Share Capital 109.08 34.08 34.08

Reserves Total -60.00 34.67 93.10

Total Shareholders Funds 49.08 68.75 127.18

Secured Loans 413.03 533.73 419.23

Unsecured Loans 204.97 0.00 15.00

Total Debt 618.00 533.73 434.23

Total Liabilities 667.08 602.48 561.41

APPLICATION OF FUNDS :

Gross Block 622.18 591.16 526.91

Less : Accumulated Depreciation 132.42 96.27 70.76

Less:Impairment of Assets 0.00 0.00 0.00

Net Block 489.76 494.89

Lease Adjustment 0.00 0.00 0.00

Capital Work in Progress 1.40 10.93 65.53

Investments 13.68 13.68 5.24



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Mar-09

Current Assets, Loans &Advances

Inventories 124.59 88.59 51.48

Sundry Debtors 19.77 19.80 23.47

Cash and Bank 8.75 3.12 5.60

Loans and Advances 78.35 64.11 57.39

Total Current Assets 231.46 175.62 137.94

Less : Current Liabilities andProvisions

Current Liabilities 54.78 69.37 64.24

Provisions 0.69 0.89 14.87

Total Current Liabilities 55.47 70.26 79.11

Net Current Assets 175.99 105.36 58.83

Miscellaneous Expenses notwritten off 0.00 0.00 0.00

Deferred Tax Assets 31.01 12.59 6.12

Deferred Tax Liability 44.76 34.97 30.46

Net Deferred Tax -13.75 -22.38 -24.34

Total Assets 667.08 602.48 561.41

Contingent Liabilities 18.85 87.11 18.7212/20/2011 1414 finencial accounting


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Profit & Loss



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Particulars Mar-11 Mar-10 Mar-09

INCOME :

Sales Turnover 842.87 902.25 720.03

Excise Duty 19.02 25.21 21.19

Net Sales 823.85 877.04 698.84

Other Income 7.73 8.98 17.27

Stock Adjustments 256.82 -23.57 -20.78

Total Income 1,088.40 862.45 695.33

EXPENDITURE :

Raw Materials 657.00 429.95 343.25

Power & Fuel Cost 95.32 56.47 50.20

Employee Cost 40.71 29.62 25.01

Other ManufacturingExpenses

87.74 63.46 57.63

Selling and AdministrationExpenses

45.58 41.89 33.93

Miscellaneous Expenses 11.97 -3.14 8.89



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Less: Pre-operativeExpenses Capitalised

0.00 0.00 0.00

Total Expenditure 938.32 618.25 518.91

Operating Profit 150.08 244.20 176.42

Interest 23.16 6.12 10.44

Gross Profit 126.92 238.08 165.98

Depreciation 70.83 38.34 34.08

Profit Before Tax 56.09 199.74 131.90

Tax -4.87 30.93 7.85

Fringe Benefit tax 0.00 0.00 0.20

Deferred Tax 7.90 25.18 4.02

Reported Net Profit 53.06 143.63 119.83

Extraordinary Items 1.57 0.01 -0.16

Adjusted Net Profit 51.49 143.62 119.99

Adjst. below Net Profit 0.00 0.05 -0.05

P & L Balance broughtforward 12.62 17.32 17.32 12/20/2011 1717 finencial accounting


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Statutory Appropriations 0.00 0.00 0.00

Appropriations 54.33 148.38 119.78

P & L Balance carried down 11.35 12.62 17.32

Dividend 11.43 11.44 11.44

Preference Dividend 0.00 0.00 1.66

Equity Dividend % 100.00 100.00 100.00

Earnings Per Share-Unit Curr 44.72 123.85 101.35

Earnings Per Share(Adj)-Unit

Curr44.72 123.85 101.35

Book Value-Unit Curr 633.02 598.30 484.39



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Cash Flow



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Cash and Cash Equivalents atBegining of the year

5.58 5.50 93.59

Net Cash from OperatingActivities

-204.77 287.72 184.87

Net Cash Used In InvestingActivities

-61.43 -237.76 -114.86

Net Cash Used In FinancingActivities

265.50 -49.88 -158.10

Net Inc/(Dec) In Cash And Cash -0.70 0.08 -88.09

Cash And Cash Equivalents At

End Of The Year

4.88 5.58 5.50



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bannari Sugar Industries- KeyFundamentals



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Market Cap (Rs Cr.): 577

Latest Div. (%): 100.00

EPS - TTM (Rs): - 53.15

Div. Yield (%): 1.98

P/E Ratio (x): 9.54

Book Value / sh. (Rs) : 633.03

Face Value (Rs): 10.00

P/B Ratio (x): .8012/20/2011 2222 finencial accounting

I d i


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Industries-Shareholding

PatternNo. of Shares % Holding

Promoters .63Cr. 54.72%

Other Companies 0.12Cr. 10.66%

General Public 0.32Cr. 28.04%



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Industries-Financials

Q1 / 2011 Ann 2011

Total Income Cr. 269 821

EBIT Cr. 27 77

PAT Cr. 14 53

EPS (Rs.) 12.35 46.38


C Hi


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Company History -Parrys Sugar Ind

v

Parrys Sugar Industries Limited engagesin the production and sale of sugar v certified ISO 9000:2001 and the distillery

is certified "zero-effluentv Date of Establishment 1986v House Name: GMR Group



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Our Mission

v

We seek to grow together on the platform of innovation innovation in technology; innovation insystems and innovation in practices by developingsustainable partnerships.

v We are committed to building a capable agri-basedorganization that will make a difference to theeconomy through creation of value value not only to

our shareholders but also to our partners, namely,farmers, suppliers and employees.



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Balance Sheetparrys


Particulars Jun 11 Mar 10 Mar 09


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SOURCES OF FUNDS :

Share Capital 109.08 34.08 34.08

Reserves Total -60.00 34.67 93.10

Total Shareholders Funds 49.08 68.75 127.18

Secured Loans 413.03 533.73 419.23

Unsecured Loans 204.97 0.00 15.00

Total Debt 618.00 533.73 434.23

Total Liabilities 667.08 602.48 561.41

APPLICATION OF FUNDS :

Gross Block 622.18 591.16 526.91

Less : AccumulatedDepreciation

132.42 96.27 70.76

Less:Impairment of Assets 0.00 0.00 0.00

Net Block 489.76 494.89 456.15

Lease Adjustment 0.00 0.00 0.00

Capital Work in Progress 1.40 10.93 65.53

Investments 13.68 13.68 5.2412/20/2011 2828 finencial accounting



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Particulars Jun 11 Mar 10 Mar 09

Current Assets, Loans & Advances

Inventories 124.59 88.59 51.48

Sundry Debtors 19.77 19.80 23.47

Cash and Bank 8.75 3.12 5.60

Loans and Advances 78.35 64.11 57.39

Total Current Assets 231.46 175.62 137.94

Less : Current Liabilities andProvisions

Current Liabilities 54.78 69.37 64.24

Provisions 0.69 0.89 14.87

Total Current Liabilities 55.47 70.26 79.11

Net Current Assets 175.99 105.36 58.83

Miscellaneous Expenses notwritten off

0.00 0.00 0.00

Deferred Tax Assets 31.01 12.59 6.12

Deferred Tax Liability 44.76 34.97 30.46

Net Deferred Tax -13.75 -22.38 -24.34

Total Assets 667.08 602.48 561.41

Contingent Liabilities 18.85 87.11 18.7212/20/2011 29 29 finencial accounting


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Profit and loss



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INCOME :

Sales Turnover 429.85 209.59 131.53

Excise Duty 16.04 5.83 4.69

Net Sales 413.81 203.76 126.84

Other Income 4.13 23.81 8.07

Stock Adjustments 33.09 39.49 15.38

Total Income 451.03 267.06 150.29

EXPENDITURE :

Raw Materials 348.82 193.35 75.80

Power & Fuel Cost 6.67 4.02 4.32

Employee Cost 26.04 18.04 10.94

Other ManufacturingExpenses

33.68 21.03 17.48

Selling and AdministrationExpenses

21.41 17.19 8.84

Miscellaneous Expenses 4.05 4.29 2.31



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Less: Pre-operativeExpenses Capitalised

0.00 0.00 0.00

Total Expenditure 938.32 618.25 518.91

Operating Profit 150.08 244.20 176.42

Interest 23.16 6.12 10.44

Gross Profit 126.92 238.08 165.98

Depreciation 70.83 38.34 34.08

Profit Before Tax 56.09 199.74 131.90

Tax -4.87 30.93 7.85

Fringe Benefit tax 0.00 0.00 0.20

Deferred Tax 7.90 25.18 4.02

Reported Net Profit 53.06 143.63 119.83

Extraordinary Items 1.57 0.01 -0.16

Adjusted Net Profit 51.49 143.62 119.99

Adjst. below Net Profit 0.00 0.05 -0.05



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P & L Balance broughtforward

12.62 17.32 17.32

Statutory Appropriations 0.00 0.00 0.00

Appropriations 54.33 148.38 119.78

P & L Balance carried down 11.35 12.62 17.32

Dividend 11.43 11.44 11.44

Preference Dividend 0.00 0.00 1.66

Equity Dividend % 100.00 100.00 100.00

Earnings Per Share-Unit Curr 44.72 123.85 101.35

Earnings Per Share(Adj)-UnitCurr

44.72 123.85 101.35

Book Value-Unit Curr 633.02 598.30 484.39



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Cash flow


Cash and Cash Equivalents atBegining of the year

5.58 5.50 93.59

Net Cash from OperatingActivities

-204.77 287.72 184.87

Net Cash Used In InvestingActivities

-61.43 -237.76 -114.86

Net Cash Used In FinancingActivities

265.50 -49.88 -158.10

Net Inc/(Dec) In Cash And Cash -0.70 0.08 -88.09

Cash And Cash Equivalents At

End Of The Year

4.88 5.58 5.50


Industries


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Industries-Comparative

AnalysisToday 1 Month 3 Months 1 Year 3 Years

Parrys Sugar Industries

4.95% 5.49% 6.85% 34.72% 93.41%

BSESmallcap

1.51% 11.66% 18.1%36.76% 66.24%

CNX NIFTYJUNIOR

1.01% 9.56% 10.89% 26.99% 105.01%



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Parrys Sugar Industries- KeyFundamentals



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Market Cap (Rs Cr.): 200

Latest Div. (%): 10.00

EPS - TTM (Rs): - 35.68

Div. Yield (%): N.A.

P/E Ratio (x): -2.67

Book Value / sh. (Rs) : -20.06

Face Value (Rs): 10.00

P/B Ratio (x): -4.9912/20/2011 37 37 finencial accounting

Industries


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Industries-Shareholding

PatternNo. of Shares % Holding

Promoters 1.30Cr. 65.00%

Other Companies 0.49 Cr. 24.39%

General Public 0.16 Cr. 8.14%



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Industries-Financials

Q1 / 2011 Ann 2011

Total Income Cr. 78 418

EBIT Cr. -21 -18

PAT Cr. -35 -95

EPS (Rs.) -17.38 -47.43



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