Download - SaurashtraCements CVP COGMAnalysis Version1
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
1/45
3/31/2014 in crores
EQUITY AND LIABILITIES Note
Shareholder's fund:
Share Capital 2 5,807.02Reserves and Surplus 3 11,056.00
Total 16,863.02
Non Current Liabilities:
Long term Borrowings 4 3,781.27
Other long term borrowings 5 711.65
Long term provisions 6 807.07
Total
Current Liabilities:Short term borrowings 7 574.52
Trade Payables 8 3,475.39
Other current liabilities 9 14,535.59
Short term provisions 10 365.32
Total 18,950.82
Grand Total 41,113.83
Assets
Non- Current Assets: 11
Fixed Assets:
Tangible Assets 18,739.35
Intangible Assets 133.4
Tangible Capital WIP 5,909.51
Intangible Assets under
development Nil
Total 24,782.26
Non-current investments 12 1,499.43
Deferred Tax Assets (net) 13 Nil
Long-term Loans and Advances 14 1,349.57Other Non-current Assets 15 318.78
Total 27,950.04
Current Assets:
Inventories 16 5,674.36
Trade Receivables 17 1,614.08
Cash and Bank Balances 18 4,060.32
Short term Loans and Advances 19 1,449.26
Standalone Balance Sheet for FY 2014, 2013, 201
Saurashtra Cements
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
2/45
Other Current Assets 20 365.77
Total 13,163.79
Grand total 41,113.83
Note
For the Year Ended
March 31, 2012 in crores
Revenue from operations (gross) 21 48,280.22
Less: Excise duty -4,282.49
Revenue from operations (net) 43,997.73
Other income 22 527.58
Total Revenue 44,525.31
Expenses
Cost of materials consumed 23 3,163.13
Purchases of stock-in-trade 24 1,610.34
Changes in inventories of finished
goods, work-inprogress
and stock-in-trade 25 250.79
Employee benefits expense 26 2,491.20
Finance costs 27 4,469.90
Depreciation and amortization
expense 2,423.63
Less: Amount withdrawn from
revaluation reserve -220.88Impairment loss 0
Other expenses 28 32,385.79
Total Expenses 46,573.90
Profit/(Loss) before exceptional
items and tax -2,048.58
Exceptional items - gain / (loss) Nil
Profit/ Loss before tax -2,048.58
Tax expense 29
Current tax Nil
Deferred tax Nil
Excess provision of FBT written back Nil
Less: MAT Credit Entitlement (Refer
Note 30) Nil
Profit/(Loss) for the year -2,048.58
Earnings per equity share of ` 10
par value per
share
Statement of Profit and Loss for the year ending 2
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
3/45
Basic and diluted ( Regular Per share) 39 -4.18
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
4/45
3/31/2013 in crores 3/31/2012 in crores
5807.02 5,807.028984.46 -9,331.95
14791.48 -3,524.93
11,446.47 10,266.03
680.92 633.88
807.67 725.15
12,935.06 11,625.06
572.05 539.78
3,642.65 4,327.40
11,164.16 32,256.27
251.73 228.4
15630.59 37,351.85
43357.13 45,451.98
20,635.66 21,865.69
33.14 42.75
6,358.10 7,727.60
69.75 -
27,096.65 29,636.04
1,499.43 1,499.54
0 3,204.68
1,393.37 1,304.31480.41 422.9
30,469.86 36,067.47
6,666.42 5,446.29
1,407.23 1,819.23
3,420.76 588.64
1,082.62 1,468.67
2
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
5/45
310.24 61.68
12887.27 9,384.51
43,357.13 45,451.98
Note
For the Year Ended
March 31, 2013 in
crores Note
21 59,957.50 21
-5,924.55
54,032.95
22 1,027.90 22
55,060.85
23 3,495.64 23
24 2,939.66 24
25 -0.71 25
26 2,818.84 26
27 3,338.27 27
3,497.89
-55.320.00
28 3,442.57 28
49,599.73
5,461.12
29 16,115.29 29
21,576.41
30 30
Nil
3,204.68
Nil
Nil
18,371.73
012, 2013, 2014
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
6/45
40 35.71 40
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
7/45
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
8/45
For the Year Ended
March 31, 2014 in
crores
58,544.69
5,408.47
53,136.22
509.49
53,645.71
3,685.35
3,983.82
307.79
3,003.32
1,636.97
2,606.73
18.270.00
36,349.59
51,555.30
2,090.41
Nil
2,090.41
538.68
Nil
538.07
2,089.80
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
9/45
3.91
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
10/45
Note 11: Fixed Asset [Refer note i] As at April 1 2013 Additions
Tangible Fixed AssetsFreehold land 239.08 -
239.08 -
Leasehold land 21.45 -
Refer Note (ii) 21.45 -
Buildings and Jetty 6,085.90 25.71
[Refer Note (iii)] 6,004.78 81.12
Plant and equipments 45,413.25 419.03
[Refer Note(iv),(v)] 45,427.13 466.34
Furniture and Fixtures 1,165.57 51.18
1,145.13 26.7
Vehicles 1,480.72 177.15
[Refer Note (vi)] 1,311.67 321.27
Office equipments 544.91 27.96
433.94 140.79
Railway siding,
weighbridge, rolling
stock and locomotive 281.56 -
281.56 -
Current Year 55,232.44 701.03
Previous year 54,864.74 1,036.22
Goodwill 95.27
Computer softwares 99.03 139.68
Current Year 194.3 139.68
Previous year 192.09 2.21
[Refer Note (vii),(viii)]
Current Year 8,341.11 554.28
Previous year 8,384.30 471.37
Computer softwares
Current Year 69.75 -
Previous year - 69.75
Notes:
Note 11 for Fixed Assets- Balance Sheet for Financial Year 2013-2014
i) Gross Block includes 4061.10 crores (Previous year 4345.89 crores) added on revaluation of the H
Company's free-hold and leasehold land, buildings, plant and machinery situated at Ranavav in order t
realistic position of the net replacement cost of such assets, on the basis of valuation made by an exte
which had resulted in a net increase of 5722.61 crores, as at June 30, 1993.
G
Intangible Fixed Assets
Capital work in progress
Tangible Capital WIP
Intangible Capital WIP
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
11/45
Note 11: Fixed Asset [Refer note i] As at April 2012 Additions
Tangible Fixed Assets
Freehold land 239.08 -
239.08 -
Leasehold land 21.45 -
Refer Note (ii) 21.45 -
Buildings and Jetty 6004.78 81.12
[Refer Note (iii)] 5,939.97 64.81
g) Miscellaneous
Note 11 for Fixed Assets- Balance Sheet for Financial Year 2012-2013
G
vii) Accounting of Fixed Assets and Borrowing Costs
c) Interest and Finance Costd) Traveling and Conveyance
e) Exchange Rate Fluctuation
Capital work-in-progress includes pre-operative expenses, as under:
a) Technical Consultancy
b) Employee Cost
viii) Impairment of Assets: The Holding Company had incurred an aggregate sum of 7838.15 crores (
Expansion Project Assets, and reflected under Capital Work-in-progress (CWIP). The expenditure inclu
of an imported plant purchased, civil work carried out and pre-operative expenses (including interest c
as shown in Note 11 (vii) above. However, later on in the year 2005, due to several adversities, the pro
suspended. At the year end, based on the assessment of the recoverable amount (net selling price) of
suspended Project and civil works reflected under CWIP carried out by M/s Shinde Engineering Service
consultants, the aggregate provision for impairment of 2490.08 crores (Previous Year 1983.01 cror
507.07 crores (Previous Year 1326.32 crores) for the year, is recognised as required under Accounti
28 on "Impairment of Assets".
f) Transportation Charges
ii) Besides the land specified above, the Holding Company holds other leasehold land for which the Hol
Company pays only ground rent.
iii) Buildings exclude cost of shares held in a Co-operative Society included under Note 12 of Non-curre
iv) Plant and equipments include cost of service line of 33.20 crores (Previous Year 33.20 crores), o
is vested with Paschim Gujarat Vij Company Limited.
v) Plant and equipments include cost of assets of 206.69 crores (Previous Year 206.69 crores), acqu
purchase agreements.
vi) Vehicles include assets financed under hire purchase agreements.
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
12/45
Plant and equipments 45427.13 466.34
[Refer Note(iv),(v)] 45,606.76 179.22
Furniture and Fixtures 1145.13 26.7
1,168.37 6.08
Vehicles 1311.67 321.27
[Refer Note (vi)] 1,322.41 140.58
Office equipments 433.94 140.79705.88 61.16
Railway siding,
weighbridge, rolling
stock and locomotive 281.56 -
281.56 -
Current Year 54864.74 1036.22
Previous year 55,285.48 451.85
Goodwill 95.27
Computer softwares 96.82 2.21
Current Year 192.09 2.21
Previous year 232.34
[Refer Note (vii),(viii)]
Current Year 8,384.30 471.37
Previous year 8,296.93 153.64
Computer softwares
Current Year - 69.75
Previous year - -Notes:
vi) Vehicles include assets financed under hire purchase agreements.
v) Plant and equipments include cost of assets of 206.69 crores (Previous Year 206.69 crores), acqu
vii) Accounting of Fixed Assets and Borrowing Costs
Capital work-in-progress includes pre-operative expenses, as under:
a. Technical Consultancy
b. Employee Cost
c. Interest and Finance Cost
iv) Plant and equipments include cost of service line of 33.20 crores (Previous Year 33.20 crores), o
Intangible Fixed Assets
Capital work in progress
Tangible Capital WIP
Intangible Capital WIP
i) Gross Block includes 4345.89 crores, added on revaluation of the Holding Company's land, building
machinery situated at Ranavav in order to reflect a realistic position of the net replacement cost of suc
the basis of valuation made by an external valuer, which had resulted in a net increase of 5722.61 cr
30, 1993.
ii) Besides the land specified above, the Holding Company holds other leasehold land in respect of whi
iii) Buildings excludes cost of shares held in a Co-operative Society included under Note 12 of Non-curr
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
13/45
Note 11: Fixed Asset [Refer note i] As at April 1 2011 Additions
Tangible Fixed Assets
Freehold land 2,650.53 -
Leasehold land 21.45 -
Buildings 3,528.52 64.81
Plant and equipments 45,606.75 179.22
Furniture and Fixtures 1,168.37 6.08
Vehicles 1,322.41 140.58
Office equipments 705.88 61.16
Railway siding,
weighbridge, rolling
stock and locomotive 281.55 -
Current Year 55,285.46 451.85
Previous year 55,019.90 446.63
Goodwill 95.27
Computer softwares 137.07 -
Current Year 232.34 -Previous year 131.5 5.57
Current Year 8,296.92 153.64
Previous year 8,277.34 31.98
Notes:
Note 11 for Fixed Assets- Balance Sheet for Financial Year 2011-2012
i) Gross Block includes 4602 crores, added on revaluation of the Holding Companys land, buildings, p
situated at Ranavav in order to reflect a realistic position of the net replacement cost of such assets, o
Capital work in progress
Intangible Fixed Assets
g. Miscellaneous
viii) Impairment of Assets: The Holding Company had incurred an aggregate sum of 7901.66 crores (
Expansion Project Assets, and reflected under Capital Work-in-progress (CWIP). The expenditure inclu
imported plant purchased, civil work carried out and pre-operative expenses (including interest capital
in Note 11 (vii) above. However, later on in the year 2005, due to several adversities, the project was s
At the year end, based on the assessment of the recoverable amount (net selling price) of the said sus
Project and civil works reflected under CWIP carried out by M/s Shinde Engineering Services, project c
updated from earlier assessment carried out by Holtec Consulting Private Limited as at March 31, 201
for impairment of 1983.01 crores, including 1326.32 crores, (Previous Year Nil), was recognised a
Accounting Standard 28 on "Impairment of Assets".
d. Traveling and Conveyance
e. Exchange Rate Fluctuation
f. Transportation Charges
G
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
14/45
g) Miscellaneous
For the
Year ended
March 31, 201221 REVENUE FROM OPERATIONS
Sale of Products:
Manufactured Goods 45,859.85
Traded Goods 1,598.82
Total 47,458.67
e) Exchange rate fluctuation
f) Transportation charges
Notes for Income Statement FY ending
2012, 2013, 2014
ix) Accounting Of fixed assets and borrowing costsCapital work-in-progress includes pre-operative expenses, as under:
a) Technical consultancy
b) Employee cost
c) Interest and finance cost
d) Traveling and conveyance
viii) During the year ended March 31, 2012, while adopting the Revised Schedule VI formats, computer
a gross book value of 137.07 crores were transferred from plant and equipments, and included unde
deductions / adjustments above and shown as intangible assets.
valuation made by an external valuer, which had resulted in a net increase of 5722.61 crores, as at Ju
ii) Besides the land specified above, the Holding Company holds other leasehold land in respect of whi
iii) Buildings excludes cost of shares held in a Co-operative Society included under note 12 of non-curr
iv) Plant and equipments include cost of service line of 33.20 crores (previous year 33.20 crores), o
vested with Paschim Gujarat Vij Holding Company Limited.v) Plant and equipments include cost of assets of 206.69 crores (Previous year 206.69 crores), acqu
purchase agreements.vi) Vehicles includes equipment and vehicles financed under hire purchase agreements.
vii) During the year ended March 31, 2012, certain assets which were old and not in use, having gross
548.75 crores (Net book value 57.99 crores) and shown as assets discarded, were retired and are incl
head deductions / adjustments above.
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
15/45
Sale of Services: 135.93
Other Operating Revenues:
Sale of Power 361.84
Sale of Other Products / Scrap 173.82
Export Entitlements 149.95
Less: Excise Duty -4,282.49
Total 43,997.72
Details of Products Sold
Sale of Manufactured Goods:
Cement 45,814.37
Clinker 45.49
45,859.86
Sale of Traded Goods
Cement 1,239.78
Clinker 359.04
1,598.82
22 OTHER INCOME
Interest Income on:
Fixed Deposits with Banks 52.01
Fixed deposits with a State Financial Corporation Nil
Others 17.41
69.42
Dividends Income from Long-term Investments -
others 0.3Rent Income Nil
Miscellaneous Income (including overheads shared) 46.46
Insurance Claims 81.42
Profit on Sale of Fixed Assets 57.5
Bad Debts Recovered 4.53
Provision for Doubtful Debts no longer required 18.71
Excess Provision Written Back 168.79
Trade Payables Written Back 80.45
527.58
23 COST OF MATERIALS CONSUMED
Raw Materials
Opening Stock of Raw Materials 335.63
Add: Purchases 1,956.06
Less: Closing Stock of Raw Materials -410.87
Total 1,880.82
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
16/45
Packing Materials:
Opening Stock of Packing Materials 192.72
Add: Purchases 1,163.85
Less: Closing Stock of Packing Materials -74.26
1,282.31
3,163.13
Details of Raw Materials Consumed :
Gypsum 621.52
Fly Ash 631.18
Clinker Purchased 210.94
Iron Ore 156.64
Others 260.54
1,880.82
24 PURCHASES OF STOCK-IN-TRADE
Purchases of Traded Goods:
Cement 1,239.78
Clinker, Coal and Pet Coke 370.56
1610.34
25 CHANGES IN INVENTORIES OF FINISHED
GOODS, WORK-INPROGRESS
AND STOCK-IN-TRADE
Stocks at the end:Finished Goods - Cement 874.41
Work-in-progress - Raw Flour and Clinker 673.24
1,547.65
Less: Stocks at the Beginning
Finished Goods - Cement 1,125.16
Work-in-progress - Raw Flour and Clinker 643.51
Stock-in-trade - Cement 30.89
1,799.56
251.91
Increase / (Decrease) in Excise Duty on Stocks -1.12
250.79
26 EMPLOYEE BENEFITS EXPENSE
(Refer note to Note 28)
Salaries, Wages and Bonus 2,140.51
Contribution to Provident and other Funds 204.01
Gratuity Expense 87.98
Staff Welfare Expenses 58.7
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
17/45
2,491.20
27 FINANCE COSTS
Interest expense:
On Borrowings 3,309.67
On Others (including on rent arrears 628.52
croresbased (Previous Year NIL) on the Supreme Court
order) 1,139.21
Other Borrowing Costs 21.02
4,469.90
28 OTHER EXPENSES
Stores and Spare Parts Consumed 3,111.62
Power and Fuel 15,928.37
Rent 230.49
Repairs and Maintenance:
Buildings, etc. 67.89
Machinery 1,341.88
Others 254.05
Insurance 133.65
Rates and Taxes 33.45
Raw Material Handling Charges [Refer Note (a)
below] 334.98
Limestone / Marl Raising Charges [Refer Note (a)
below] 752.19
Royalty and Cess [Refer Note (a) below] 798.53
Advertisement, Business Promotional and ServiceCharges 511.97
Freight and Handling Expenses 7,006.27
Commission 460.55
Directors' Fees 12.2
Charity and Donation 1
Traveling and Conveyance 186.44
Legal and Professional Charges 221.39
Net Loss on Foreign Currency Transactions and
Translation
(other than considered as Finance Cost) 87.99
Auditor's Remuneration:
Audit Fees 7.36
Tax Audit Fees 2.65
For Other Services - Certification Work 2.85
Reimbursement of Expenses 0.47
Provision for Doubtful Debts:
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
18/45
Bad Debts Written Off 80.09
Less: Provision for Doubtful Debts Written Back -80.09
Loss on Sale of Assets 40.43
Assets Discarded / Written Off 57.99
Miscellaneous Expenses 805.3
Cost of Cement Self Consumed [Refer Note (b)below] -6.17
32,385.79
Notes:
a) Employee Benefit Expenses (Note 26) and Other
Expenses (Note 28) include expenses incurred on
cost of
raising and transporting limestone / marl, which are
part of the raw materials, details of which are as
under:
Salaries, Wages and Bonus 54.69
Stores and Spare Parts Consumed 195.46
Repairs and Maintenance to Machinery 20.33
Raw Material Handling Charges 206.69
Limestone / Marl Raising Charges 752.19
Royalty and Cess 789.09
2,018.45
b) Cost of cement self consumed also includes
other non material raw materials costs and
depreciation.
29) EXCEPTIONAL GAIN / (LOSS)Write Backs on One Time Settlement (OTS) with
Government of
Gujarat (GoG) Nil
Interest Income on GSFS Deposit Nil
Interest Write Back on Long Term Debt Nil
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
19/45
30) In view of the carried forward losses and
unabsorbed depreciation available the Holding
Company is not liable to
tax as per the normal provisions of the Income-tax
Act, 1961. Further, since the Holding Company is
registered
under BIFR, though the net worth of the Holding
Company is positive as at March 31, 2013, as per
the provisions of
Minimum Alternate Tax under Section 115JB of the
Income-tax Act, 1961, the Holding Company is not
liable for tax
for the year in which its net worth has turned
positive.
40) Earnings Per Share
Weighted average number of equity shares of Rs 10each 51,191,065
Net Profit / (Loss) for the year -2,048.58
Less: Dividend payable to OCCPS holders -89.39
Net Profit / (Loss) available to equity shareholders -2,137.97
Basic and diluted earnings per share (in rupees) -4.18
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
20/45
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
21/45
As at
March 31,
2014 crores
320.4
144.56
3,104.18227.48
42.43
19.96
59.97
Deductions/Adjustments As at March 31, 2013Up to March
31, 2012 For the year
- 239.08 - -
- 239.08 - -
- 21.45 - -
- 21.45 - -
- 6085.9 3100.07 265.4
- 6004.78 2799.11 300.96
ross Block Depreciation, Amor
revious Year 7901.66 crores) towards
es cost
apitalised)
ject was
he said
s, project
es), including
ing Standard
ding
nt
wnership of which
ired under lease
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
22/45
480.22 45413.25 28051.85 1714.08
358.85 45427.13 26425.53 1,925.27
6.26 1165.57 614.92 56.18
29.32 1145.13 591.18 52.18
152.22 1480.72 714.52 83.53
151.31 1311.68 685.96 96.01
29.82 544.91 253.04 38.17333.11 433.93 533.45 28.41
- 281.56 264.58 2.38
- 281.56 257.74 6.84
668.52 55232.44 32998.98 2159.75
872.59 54864.74 31,292.92 2,409.67
95.27 95.27
- 99.03 54.07 11.82
- 194.3 149.34 11.82
40.25 192.09 173.62 13.96
514.56 8,341.11 656.69 1,326.32
66.27 8,384.30 656.69 -
- 69.75 - -
- - - -
As at
March 31, 2013
in crores
As at
March 31,
2012
in crores
320.4 320.4
144.56 144.56
3,104.18 3,104.18
ired under hire
wnership of which is
s, plant and
h assets, on
res, as at June
h only groundrent is paid.
ent Investments.
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
23/45
227.48 227.48
42.43 42.43
19.96 19.96
59.97 59.97
3,918.98 3,918.98
Deductions/Adjustments As at March 31, 2012
Up to March
31, 2011 For the year
- 2,650.53 1,692.51 199.12
- 21.45 - -
- 3,593.33 1,106.60 101.84
358.85 45,427.12 26,425.53 1,925.27
29.32 1,145.13 591.18 52.18
151.31 1,311.68 685.96 96.01
333.11 433.93 533.45 28.41
- 281.55 257.74 6.84
872.59 54,864.72 31,292.97 2,409.67
186.64 55,285.46 28,783.70 2,624.32
95.28 92.89 2.38
40.25 96.82 80.73 11.58
40.25 192.09 173.62 13.96- 137.07 75.37 14.89
66.27 8,384.29 656.69 -
12.4 8,296.92 656.69 -
lant and machinery
the basis of
revious Year 8036.81 crores) towards
es cost of an
ised) as shown
uspended.
ended
nsultants,
a provision
s required under
ross Block Depreciation, Amor
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
24/45
As at March
31, 2012 in
crores
320.4
144.56
3,104.17
227.48
42.43
19.96
59.97
3,918.97
For the
Year ended
March 31, 2013
For the
Year ended
March 31, 2014
56,082.97 53,983.80
2,939.66 4,057.34
59,022.63 58,041.14
softwares having
r the head
ne 30, 1993.
h only ground
nt investments
wnership of which is
ired under hire
ook value of
uded under the
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
25/45
241.9 Nil
333.34 128.22
241.21 181.02
118.42 194.31
-5,924.55 5,408.47
54,032.95 53,136.22
55,230.74 50,609.15
852.23 3,374.65
56,082.97 53,983.80
2,939.66 2,356.70
Nil 1,700.64
2,939.66 4,057.34
139.51 168.02
215.63 108.44
15.65 10.13
370.79 286.59
0.31 22.92Nil 24
56.6 52.54
241.92 6.95
63.17 Nil
4.3 Nil
0.58 6.28
204.79 83.01
85.44 27.2
1,027.90 509.49
410.87 1,138.36
2,644.62 1,922.45
-1,138.36 1,023.81
1,917.13 2,037.00
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
26/45
74.26 147.06
1,651.31 1,650.92
-147.06 149.63
1,578.51 1,648.35
3,495.64 3,685.35
647.52 635.35
796.61 457.04
Nil 235.09
255.62 580.05
217.38 129.47
1,917.13 2,037.00
2,939.66 2,343.08
Nil 1,640.74
2939.66 3,983.82
698.58 866.99
861.09 466.07
1,559.67 1,333.06
874.41 698.58
673.24 861.09
Nil Nil
1,547.65 1,559.67
-12.02 226.61
11.31 81.18
-0.71 307.79
2,350.21 2,695.88
220.34 152.36
142.39 69.19
105.9 85.89
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
27/45
2,818.84 3,003.32
2,116.47 1,322.06
1,216.54 312.55
5.26 2.36
3,338.27 1,636.97
3,433.68 3,730.59
15,082.55 15,321.92
528.26 236.86
229.68 267.01
1,377.03 1,838.31
355.49 495.38
120.99 118.28
31.76 346.56
386.67 565.78
665.71 747.61
897.45 964.57
1,308.28 1,543.05
6,928.30 7,461.36
700.56 732.71
12.6 15.8
1 28.92
190.11 180.63
228.16 304.31
124.03 98.76
7.33 7.33
2.65 2.65
5.3 3.95
0.3 Nil
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
28/45
19.64 Nil
-19.64 Nil
42.32 240.45
0.67 181.44
917.7 923.87
-24.18 -23
33,565.46 36,349.59
90.63 80
228.86 275.38
24.36 123.78
227.1 435.21
665.25 747.61
887.39 829.53
2,123.59 2,491.51
12,007.27 Nil
2,693.18 Nil
1,414.84 Nil
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
29/45
51,191,065 51,191,065
18,371.73 2,089.80
89.39 89.39
18,282.34 2,000.41
35.71 3.91
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
30/45
Deductions/ Adjustments
Upto March 31,
2014
As at March
31, 2014
As at March
31, 2013
- - 239.08 239.08
- - 239.08 239.08
- - 21.45 21.45
- - 21.45 21.45
- 3,603.53 2,508.08 2,720.43
- 3,365.47 2,720.43 2,904.71
619.77 30,310.11 14,485.22 16,115.62
468.3 29,297.63 16,115.62 17,375.28
17.84 700.2 484.7 498.62
4.15 666.95 498.62 530.2
94.34 734.4 724.67 745.49
62.82 735.23 745.49 597.14
4.97 303.37 263.07 280.38
26.68 264.53 280.38 180.87
- 268.48 13.08 14.6
- 266.96 14.6 16.98
736.92 35,920.09 18,739.35 20,635.67
561.95 34,596.77 20,635.67 -
95.27 - -
- 105.31 133.4
- 200.58 133.4 33.14
- 161.16 33.14
- 2,490.08 5,909.51 6,358.10
- 1,983.01 6,358.10
- - - 69.75
- - 69.75 -
isation and Impairment Net Block
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
31/45
As at
March 31, 2013 crores
320.4
144.56
3,104.18227.48
42.43
19.96
59.97
Deductions/ AdjustmentsUpto March 31,
2013As at March
31, 2013As at March
31, 2012
- - 239.08 239.08
- - 239.08 239.08
- - 21.45 21.45
- - 21.45 21.45
- 3365.47 2720.43 2904.71
- 3,100.07 2,904.71 3,140.86
isation and Impairment Net Block
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
32/45
468.3 29297.63 16115.62 17375.28
298.95 28,051.85 17,375.28 19,181.23
4.15 666.95 498.62 530.21
28.43 614.93 530.2 577.19
62.82 735.23 745.49 597.15
67.43 714.54 597.14 636.45
26.68 264.53 280.37 180.9308.8 253.06 180.87 172.43
- 266.96 14.6 16.98
- 264.58 16.98 23.82
561.95 34596.78 20635.66 21,865.71
703.61 32,998.98 21,865.71 -
95.27 - -
- 65.89 33.14 42.75
- 161.16 33.14 42.75
38.24 149.34 42.75
- 1,983.01 6,358.10 7,727.61
- 656.69 7,727.61
- - 69.75 -
- - - -
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
33/45
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
34/45
As at
March 31, 2011 in crores
320.4
144.56
3,104.17
227.48
42.43
19.96
59.97
3,918.97
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
35/45
For the
Year ended
March 31, 2012
For the
Year ended
March 31,
2013
For the
Year ended
March 31, 2014
Direct Material:
Opening Stock of Raw Materials 335.63 410.87 1,138.36
Add: Purchases 1,956.06 2,644.62 1,922.45
Less: Closing Stock of Raw Materials -410.87 -1,138.36 1,023.81
Total 1,880.82 1,917.13 2,037.00
Direct Labor:
Employee Expense 2,491.20 2,818.84 3,003.32
Manufacturing Overhead:
Stores and Spare Parts Consumed 3,111.62 3,433.68 3,730.59
Power and Fuel 15,928.37 15,082.55 15,321.92
Packing Material 1,282.31 1,578.51 1,648.35
Rent 230.49 528.26 236.86
Repairs and Maintenance:
Buildings, etc. 67.89 229.68 267.01
Machinery 1,341.88 1,377.03 1,838.31Others 254.05 355.49 495.38
Insurance 133.65 120.99 118.28
Rates and Taxes 33.45 31.76 346.56
Raw Material Handling Charges [Refer Note
(a) below] 334.98 386.67 565.78
Limestone / Marl Raising Charges [Refer Note
(a) below] 752.19 665.71 747.61
Freight and Handling Expenses 7,006.27 6,928.30 7,461.36
Commission 460.55 700.56 732.71
Directors' Fees 12.2 12.6 15.8
Total 30,949.90 31,431.79 33,526.52
Total Manufacturing Cost 35,321.92 36,167.76 38,566.84
Add WIP beginning 643.51 673.24 861.09
Total 35,965.43 36,841.00 39,427.93
Deduct WIP Ending 673.24 861.09 466.07
Cost of Goods Manufactured
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
36/45
Cost of Goods Manufactured 35,292.19 35,979.91 38,961.86
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
37/45
For the
Year ended
March 31, 2012
For the
Year ended
March 31, 2013
Finished Goods , April 1 (Beginning) 1,125.16 874.41
Stock in trade , April 1 (Beginning) 30.89 0
Add: Cost of Goods Manufactured 35,292.19 35,979.91
Add: Purchase of Stock in trade 1610.34 2939.66
Cost of Goods available for sale 38,058.58 39,793.98
Finished Goods inventory, March 31 (Closing) 874.41 698.58
Stock in trade inventory, March 31 (Closing) 0.00 0
Sum(COGS and Stock in trade purchased) 37,184.17 39,095.40
Total Stock in trade purchsed 1,641.23 2,939.66
Total Cost of Goods sold 35,542.94 36,155.74
Schedule of Cost of Goods Sold
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
38/45
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
39/45
For the
Year ended
March 31, 2014
For the
Year ended
March 31, 2012
698.58
0 Net Sales Revenue 43,997.73
38,961.86
Less: Variable COGS & Operating
Expenses
3,983.82 Direct Materials Used 1,892.59
43,644.26 Indirect Materials Used 4421.4
866.99 Direct Labor costs 2,491.20
0.00 Power & Fuel 15,928.37
42,777.27 Stock in trade items sold 1,641.23
Raw Material Handling Charges 334.98
3,983.82 Limestone / Marl Raising Charges 752.19
38,793.45 Freight and Handling Expenses 7,006.27
Total 34,468.25
Contribution Margin 9,529.48
Less: Fixed COGS & Operating Expenses
Directors' Fees 12.2Insurance 133.65
Buildings, etc. 67.89
Machinery 1,341.88
Other maintenance Expenses 254.05
Depreciation and amortization expense 2,423.63
Rent 230.49
Total 4463.79
Operating Income 5,065.69
Non Operating income 527.58
Less: Non Operating expenses
Finance Cost 21.02
Advertisement, Business Promotional
and Service Charges 511.97
Expenses on Foreign Currency
Transactions and Translation 87.99
Royalty and Cess 798.53
Contribution Income
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
40/45
Auditor Remuneration 13.33
Legal and Professional Charges 221.39
Charity and Donation 1
Traveling and Conveyance 186.44
Loss on sale of assets 40.43
Assets Discarded / Written Off 57.99
Commission 460.55Miscellaneous Expenses 805.3
Total Non Operating Expenses 3,205.94
Net Non Operating income -2,678.36
EBIT 2,387.33
Less Interest expense 4,448.88
EBT -2,061.55
Current and Deferred Tax 0
Net Income -2,061.55
Exceptional Gain (Refer note 29) 0
Net income modified -2,061.55
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
41/45
For the
Year ended
March 31, 2013
For the
Year ended
March 31, 2014
Break Even point(in INR)
54,032.95 53,136.22 Contribution Margin Ratio
Operating Income Ratio
1,916.49 2,048.97 Margin of Safety
5010.5 5410.5 Degree of Operating Leverage
2,818.84 3,003.32
15,082.55 15,321.92
2,939.66 3,983.82
386.67 565.78 COGM (assume 100)
665.71 747.61 Raw Material Used
6,928.30 7,461.36 Direct Labor
35,748.75 38,543.32 Manufacturing Overhead
Depriciation/Amortization on
assets
18,284.20 14,592.90
12.6 15.8120.99 118.28
229.68 267.01
1,377.03 1,838.31
355.49 495.38
3,497.89 2,606.73
528.26 236.86
6121.94 5578.37
12,162.26 9,014.53
1,027.90 509.49
5.26 2.36
1,308.28 1,543.05
124.03 98.76
897.45 964.57
Statement CVP A
COGM
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
42/45
15.58 13.93
228.16 304.31
1 28.92
190.11 180.63
42.32 240.45
0.67 181.44
700.56 732.71917.7 923.87
4,431.12 5,215.00
-3,403.22 -4,705.51
8,759.04 4,309.02
3,333.01 1,634.61
5,426.03 2,674.41
3,204.68 538.68
2,221.35 2,135.73
16,115.29 0
18,336.64 2,135.73
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
43/45
For the
Year ended
March 31,
2012
For the
Year ended
March 31,
2013
For the
Year ended
March 31,
2014
20609.38 18091.38 20312.18
0.21659 0.33839 0.274632
0.115135 0.22509 0.169649
0.531581 0.665179 0.617734
1.881182 1.503355 1.61882
For the
Year ended
March 31,
2012
For the
Year ended
March 31,
2013
For the
Year ended
March 31,
2014
100 100 100
5.324795 5.30066 5.281739
7.052844 7.793792 7.787312
87.62236 86.90555 86.93095
6.861547 9.671293 6.758993
nalysis
nalysis
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
44/45
Management Efficiency
Return On Equity (%)
Return On Assets (%)
Return On Capital Employed (%)Fixed Assets Turnover
Profitability & Growth
Gross Profit Margin (%)
Operating Profit Margin (%)
Net Profit Margin (%)
Liquidity
Quick Ratio
Current Ratio
Cash Ratio
Solvency
Debt Equity Ratio
Coverage RatiosCash Flows to Long Term Debt
Financial
-
8/10/2019 SaurashtraCements CVP COGMAnalysis Version1
45/45
Saurashtra
Cements Ltd Peer Average
12.61 8.68
5.23 4.22
29.05 9.242.19 1.01
Saurashtra
Cements Ltd Peer Average
6.1 8.11
10.96 13.33
3.85 -5.16
Saurashtra
Cements Ltd Peer Average0.45 1.94
0.74 2.44
0.2 0.45
Saurashtra
Cements Ltd Peer Average
0.27 0.56
Saurashtra
Cements Ltd Peer Average0.94 5.67
trength