LOVELY PROFESSIONAL UNIVERSITY

ACADEMIC TASK – CA 3

Mittal School of Business

Name of the Faculty Member – Mrs. MEGHA MOHAN

Course Code: ACC205

Course Title: COST AND MANAGEMENT ACCOUNTING

Class: BBA

Section: Q1702

Submitted By- HIMANSHU KUMAR SHARMA

Roll No- 10

Date of Allotment: 12-08-2018

Date of Submission: 22-10-2018

Course Code: Course Title:

Course Instructor:

Academic Task No.: Academic Task Title:

Date of Allotment: Date of submission:

Student’s Roll no: Student’s Reg. no:

Evaluation Parameters:

Learning Outcomes: (Student to write briefly about learnings obtained from the academic tasks)

Declaration:

I declare that this Assignment is my individual work. I have not copied it from any other student’s work or from
any other source except where due acknowledgement is made explicitly in the text, nor has any part been
written for me by any other person.

Student’s Signature:

Evaluator’s comments (For Instructor’s use only)

General Observations Suggestions for Improvement Best part of assignment

Evaluator’s Signature and Date:

Marks Obtained: _______________ Max. Marks: ______________

LOVELY PROFESSIONAL UNIVERSITY

 RUBRIC

ACC205: Cost and Management Accounting

EVALUATION FAILS TO MEET MEETS EXCEEDS SCORE

CRITERIA EXPECTATIONS EXPECTATIONS EXPECTATION
(1) (2) (3)
1. Company Profile (2 (0-0 Mark) (0-1 Marks) (2 Marks)
Marks) No information Some of the required All the required
-History of the presented information information
Company. presented presented in a well
-Management of the organized manner
Company. Or along with proper
formatting
-Position of the The presented
company in the information is not
Industry well organized and
formatted
2. Common Size (0-3) (3-5 Marks) (5-7Marks)
Incorrect or Correct data used Correct data used
Income Statement
inappropriate data with minimal errors without any errors
Analysis (7 Marks) used and some analysis and the analysis is
done
The Analysis part
should include the
analysis of
 Gross
Profitability
 Operating
Profits
 Net Profits
 Overall
profitability

3.Comparative (0-3) (3-5 Marks) (5-7Marks)

Student is not able to Student is partially Student is able to
Income Statement
analyse the able to analyse the analyse the
Analysis ( 7Marks) statements and statement and statement and
interpret the position interpret the position interpret the
The Analysis part
of company, of company, position of
should include the including indications including indications company, including
where the company where the company indications where
analysis of
is lacking. is lacking the company is
 Gross lacking
Incorrect or Correct data used
Profitability
inappropriate data with minimal errors; Correct data used
 Operating used for calculation; generally correct without any
incorrect comparison comparison and errors, or
Profits and conclusions conclusions drawn. assumption(s)
drawn. made for
 Net Profits unavailable data;
correct
 Overall comparison and
profitability conclusions drawn.

4. Common Size (0-3) (3-5 Marks) (5-7 Marks)

Student is partially Student is able to
Balance Sheet
Incorrect or able to analyse and analyse and
Analysis. (7 inappropriate data interpret the position interpret the
used for calculation; of company, position of
Marks)The Analysis
incorrect comparison including indications company, including
part should include and conclusions where the company indications where
drawn. is lacking the company is
the analysis of
lacking
 Analysis of Correct data used
with minimal errors; Correct data used
short term solvency generally correct without any
: Working capital, comparison and errors, or
conclusions drawn. assumption(s)
Stock and other asset made for
analysis unavailable data;
correct
 Analysis of comparison and
Long term solvency conclusions drawn.
: Studying changes in
long term assets with
respect to the change
in long term
liabilities and capital.
 Profitability :
A study of reserves
and profits of the
company
 Overall
Financial position
analysis.

5. Comparative (0-3) (3-5 Marks) (5-7Marks)

Student is not able to Student is partially Student is able to
Size Balance Sheet
analyse and interpret able to analyse and analyse and
Analysis. (7 Marks) the position of interpret the position interpret the
company, including of company, position of
The Analysis part
indications where including indications company, including
would include: the company is where the company indications where
lacking. is lacking the company is
 Analysis of lacking
short term solvency Incorrect or Correct data used
inappropriate data with minimal errors; Correct data used
: Working capital, used for calculation; generally correct without any
Stock and other asset incorrect comparison comparison and errors, or
and conclusions conclusions drawn. assumption(s)
 analysis drawn. made for
unavailable data;
 Analysis of correct
Long term solvency comparison and
conclusions drawn.
: Studying changes in
long term assets with
respect to the change
in long term
liabilities and capital.
 Analysis of
Profitability : A
study of reserves and
profits of the
company
 Overall
Financial position
analysis.

Scoring:

Below 20= Fails to Meet Expectations.

20-30= Meets Expectations.

30 = Exceeds Expectations.
UTTAM GALVA
STEELS LTD.
INDEX:

SR.NO TOPIC SIGNATURE

1. COMPANY PROFILE

2. INTRODUCTION

3. HISTORY

4. COMPETITORS

5. MANAGEMENT OF THE COMPANY

6. COMMON SIZE INCOME STATEMENT

ANALYSIS
7. COMPARITIVE INCOME STATEMENT
ANALYSIS
8. COMMON SIZE BALANCE SHEET
ANALYSIS
COMPANY PROFILE

SECTOR: Iron & steel

INDUSTRY: BASIC MATERIALS/RESOURCES

SUB INDUSTRY: COLD ROLLED STEEL & GALVANISED STEEL

Uttam Galva Steels Ltd is one of the largest manufacturers of cold rolled steel (CR) and galvanized steel
in Western India. The company procures hot rolled steel and processes it into CR and further into GP and
colour-coated coils.

INTRODUCTION

The Company is into the business of procuring hot rolled steel ("HR") and processing it into CR and further into
GP and Colour Coated Coils. In Galvanized coils it specializes in making ultra thin sheets, which could be as low
as 0.13mm thickness. The excess capacity of CR which is not used for galvanizing is converted to value added
grades in Cold Rolled Closed Annealed ("CRCA") coils, cut to length sheets and also sold as Full Hard CR in the
overseas markets.

In the fiscal 2012-2013, it had net revenues

of Rs.59111 millions ( US $ 1087 millions )
and net income of Rs. 616 millions ( US $ 11 millions ).

More than 50% of the Company's products are currently exported to 132 countries worldwide and it has a
customer base in many advanced markets such as Australia , France , Germany , Greece , UK and the USA
to name a few. In the Indian market, the Company has established itself as a major player for the supply of
CRCA to manufacturers of automobiles, white goods, general engineering and drums & barrels segment.
The Company is also a large supplier of galvanized coils and sheets to the construction industry.

The Company's manufacturing facilities are located at Khopoli, in the state of Maharashtra, India, which
are close to Nhava Sheva and Mumbai ports. This provides the company with easy access to imports and
exports of raw materials and finished good. A close proximity to the ports gives the Company the
advantage of lowering its transportation costs. The Company's domestic sales are also within the radius of
500 km from its manufacturing facilities to domestic companies.

The Company is an ISO 9001: 2008 and TS 16949/2002 accredited Company both for CR and GP/GC, It has
also been awarded the highest exporter award by the Engineering Export Promotion Council ("EEPC") of
India for the past 17 years in succession.

The Company has expanded and modernized its operations at Khopoli which have increased its cold rolling
capacity to 1million MT per annum as of March 2010. The Company has also increased its GP capacity to
750,000 MT per annum as of March 2010. The Company has also added a new colour coated line (Uttam
Spectrum) with a capacity of 90,000 MT per annum as of March 2010. Due to its high quality products and
brand image in the market, the Company expects that its increased volumes will be easily absorbed into
the domestic and export markets.

The Company now has an entire range of cold rolling Reversible mills i.e. 20-Hi, 6-Hi, 4-Hi and newly
commissioned twin stand 6-Hi mill. It is now in a position to process HR coils of different grades,
thicknesses and widths and is able to meet virtually the entire thickness/width range of CR/GP/GC coils for
various end-use sectors. A significant portion of the Company's CR coils and GP/GC, coils/sheets are in the
higher value added thin gauge segment.

The Company believes that the above measures will further strengthen its position as one of the leading
companies in the CR and GP/GC market. With around 77% of the CR production being transferred to the
GP/GC, the level of value addition is significantly enhanced. The Company has always focused on novel and
high value-added products. Its new colour coating line caters to a niche set of consumers.

As part of its modernization program, the Company has also invested in improving production and overall quality of its
manufacturing processes and finished products and Intends to increase its production of higher value- added products.

Incorporation Date 1985-03-29 00:00:00

ISIN Code INE699A01011

Registered Office Address- Uttam House, 69, P D'mello Road, City Mumbai State Maharashtra
Country- India Pincode- 400009 Telephone -66563500 Fax -23415025, 23485025

Email Shares@uttamgalva.com Website Http://www.uttamgalva.com

 HISTORY
1985 - The Company was incorporated on 29th March, at Mumbai. It was promoted by Ramesh K. Miglari and Om
Prakash Ahuja. The company manufacture galvanised plain (GP) and galvanised corrugated (GC) sheets.

- The Company has set up a plant for manufacture of 35,000 tonnes per annum of GP/GC sheets in thin gauges of
0.18 mm to 1.25mm.

- The Company incorporated the `Lysaght' technology using the continuous hot dip galvanising process developed by
the collaborators, using flux.

- The Company entered into a license and technology agreement with John Lysaght International Holding S.A. (JLIH)
Hong Kong on 13th September for the use of Lysaght technology. The collaborators were to provide total technical
services including provisions of engineering and construction services with respect to construction and commissioning
of galvanised steel plant.

1987 - 7 shares subscribed for by signatories to the Memorandum of Association. 62,49,993 shares then issued at par
of which the following shares were reserved and allotted on a firm basis:

(i) 26,19,993 shares to promoters, directors, etc. and

(ii) 10,00,000 shares to NRI associates on repatriation basis

- Of the balance 26,30,000 shares, the following shares were reserved for allotment on a preferential basis:

- (i) 3,12,500 shares to employees/workers of the company shares taken up).

- The remaining 12,12,900 shares, along with the unsubscribed portion of 3,66,600 shares from preferential quota,
were offered to the public in November 1987 (all were taken up).

1989 - The Company undertook to set up a cold rolled coil mill with licensed capacity of 50,000 tonnes per annum.

1990 - During February-March, the Company offered 500,000 - 14% Secured redeemable fully convertible
debentures of Rs. 200 each on

Right basis.

- During the year, the Company has put Assets valued at Rs. 38.62 crores to productive use in the Balancing
Equipments Project.

- The Company proposed to augment the cold rolling mill capacity by1 lakh mtrs. per year.

- During February-March, the Company offered 5,00,000 - 14% secured redeemable fully convertible debentures of
Rs 200 each on Rights basis in the proportion 2 debentures : 25 equity shares held.

- Additional 515 debentures were allotted to retain oversubscription. Simultaneously another 25,000-14% secured
redeemable fully convertible debentures of Rs 200 each were also issued to employees (including Indian working
directors)/workers of the Company on an equitable basis (only 430 debentures taken up). The unsubscribed portion of
24,570 debentures was allowed to lapse.

- Rs 75 of the face value of each debenture was automatically and compulsorily converted into 5 equity shares of Rs
10 each at a premium of Rs 5 per share at the end of six months from the date of allotment of debentures.

- Out of the balance Rs 125 of the face value of each debenture of Rs 90 was automatically and compulsorily
converted into 5 equity shares of Rs 10 each at a premium of Rs 8 per share in December 1991. The balance Rs 35 of
each debenture was to be redeemed in annual instalments of Rs 10, Rs 10 and Rs 15 during 1996-98.

- During February-March, the Company offered 5,00,000-14% secured redeemable non-convertible debentures of
Rs 100 each on Right basis in the ratio 2 debentures : 25 equity shares held (all were taken up).

- These debentures were to be redeemed at a premium of Rs 5 per debenture in three annual instalments of Rs 35
each on the expiry of 6th, 7th and 8th year from the date of allotment of debentures.

1991 - The financial institutions have the option to convert 20% of their Rupee loans into equity shares of the
Company at par during the period 1st January, to 31st December, 1993.

1992 - Despite loss of production at GP/GC plant as a result of flooding of the premises on 8th/9th June, the Company
realised higher margins.

- The Company proposed to export GP/GC coils/sheets to Middle East and South Eastern Asian countries.

1993 - The Company proposed to expand the capacity of CGL by 1,00,000 tonnes and a matching C R Coils Mill
capacity by 1,00,000tonnes.

- During Oct./Nov., the company offered 56,30,145-15% secured fully convertible debentures (FCD) of Rs 50 each
on right basis to the existing shareholders in the ratio of one debenture for every two equity shares held.

- Another 87,00,700 FCDs of Rs 50 each were offered of which 10,00,000 debentures were offered to UTI 2,00,000
debentures were offered to IFCI, 5,40,000 debentures were offered to FIs, 8,70,000 debentures were offered to MFs
13,05,100 debentures were offered to NRIs, 7,83,000 debentures were offered to FIIs, 13,100 debentures were offered
to employees and the balance 39,89,500 debentures were offered to public (All were taken up).

- Part `A' of Rs 20 per debentures was converted into one equityshare at a premium of Rs 10 per share on allotment.
Part `B' of Rs 30 was converted into one equity share at a premium of Rs per share after 12 months from first
conversion.

- The name of the Company was changed from `Uttam Galva Steels Ltd.' to Uttam Steel Ltd.

- 143,30,723 No. of equity shares allotted on Ist conversion of 15% secured fully convertible debentures.

1994 - 143,30,723 No. of equity shares allotted on IInd and final conversion of 15% secured fully convertible
debentures.

1997 - The Mumbai-based Uttam Steels Limited (USL) will set up a 2.5 million tonne per annum (mtpa) capacity
integrated steel plant in two phases in the mega steel complex at Duburi in Orissa, about 150 km from here.

- The company has opted for the preference shares route which will enable it to achieve its objective of strengthening
its capital base, without increasing its equity and therefore protecting the company's earning per share and also its book
value from any dilution.

1998 - 1,87,720 Equity shares of Rs. 10/- each has been forfeited du to non payment of calls.

1999 - The Company was honoured with Regional Export ExcellenceAward for the Year 1997-98 on 21st July, 1999
at the hands of Secretary, Department of Commerce and Trade, Government ofIndia.

- During the year under review, the Company has received a Certificate of Approval under ISO 9002 for quality
management for its continuous Galvanising Line at Khalapur.

2004

-Uttam Galva Steels Limited has informed that subject to the approval of Members of the Company at a General
Meeting and the CentralGovernment, the Remuneration Commmittee of Directors at its meeting on December 8, 2003
and the Board of Directors at its meeting on December 9, 2003 have approved the re-appointment of Shri Rajinder
Miglani as the Managing Director of the Company for the period of 3 Years w.e.f. December 31, 2003.

-Shri. V. Prakash was appointed as Nominee Director of ICICI Bank Ltd. in place of Mr. Deepak Verma, Nominee
Director of ICICI Bank Ltd w.e.f. October 9, 2003 on the Board of Directors of the Company.

-Shri Rajendra Kumar Haran, the Compliance Officer of the Company has been designated from Chief General
Manager (Legal) & Company Secretary to Assistant Vice-President (Legal & HRD) & Company Secretary w.e.f.
December 18, 2003.

- Equity shares of Uttam Galva Steel Ltd delisted from Ahmedabad Stock Exchange w.e.f. March 31, 2004

2009

- Uttam Galva Steels Ltd has informed that Shri. S P Talwar has been appointed as additional Director (independent)
on the Board of Directors of the Company.

2010-Uttam Galva hikes prices by Rs 3,000/tonne

2012

-Shri Om Parkash Gahrotra has been appointed as an Additional Director of the Company

2013

-Mr. D. L. Rawal has been appointed as an Additional Director of the Company.

2014

-Smt. Swarnaprabha Sukumar has been appointed as an Additional Director of the Company.

2015 -Uttam Galva Steels Ltd gains nearly 2% on joint venture with Posco.
 MANAGEMENT OF THE COMPANY

NAME DESIGNATION

Rajinder Miglani Chairman

Anuj Miglani Managing Director & CEO

R Agarwal President & Company Secretary

Swarna Prabha Sukumar Director

Om Prakash Gahrotra Director

Gursharan Sawhney Director (Finance)

R K Dubey Director

B L Khurana Director

Rajiv Munjal Additional Director

Arvind Kumar Gupta Additional Director

Ravinder Arora Additional Independent Director

 COMPETITORS OF THE COMPANY

Name Last Price Market Cap. Sales Net Profit Total Assets
(Rs. cr.) Turnover

Jai Corp 100.05 1,785.39 575.99 24.41 1,615.08

Uttam Galva 9.05 128.75 2,548.09 -881.15 3,190.00

National Steel 7.50 33.38 4,210.47 -142.89 -266.04

 -------------------
Profit & Loss account of
in Rs. Cr. ----
Uttam Galva Steel
---------------
common size
Mar 18 Mar-17 Mar-16 16% 17% 18%
12 mths 12 mths 12 mths

Revenue From Operations 2,475.79 4,364.40 7,098.17 101.59 98.91 94.59437

[Gross]
Less: Excise/Sevice Tax/Other
Levies
74.07 264.98 374.6 5.36 6.01 2.830048
Revenue From Operations
[Net]
2,401.72 4,099.42 6,723.57 96.23 92.91 91.76432
Other Operating Revenues 146.37 248.68 159.04 2.28 5.64 5.592468
Total Operating Revenues 2,548.09 4,348.10 6,882.61 98.50 98.54 97.35679
Other Income 69.18 64.25 104.49 1.50 1.46 2.643212
Total Revenue 2,617.27 4,412.35 6,987.10 100.00 100.00 100
EXPENSES
Cost Of Materials Consumed 1,884.45 2,811.37 2,799.27 40.06 63.72 72.0006
Purchase Of Stock-In Trade 41.13 669.62 3,168.78 45.35 15.18 1.571485
Operating And Direct Expenses 198.81 246.83 294.45 4.21 5.59 7.596083
Changes In Inventories Of
FG,WIP And Stock-In Trade
213 15.84 236.27 3.38 0.36 8.138251
Employee Benefit Expenses 91.79 94.14 109.15 1.56 2.13 3.507089
Finance Costs 647.17 608.99 505.33 7.23 13.80 24.72691
Depreciation And Amortisation
Expenses
258.12 285.31 281.84 4.03 6.47 9.862185
Other Expenses 163.95 308.95 325.76 4.66 7.00 6.264161
Total Expenses 3,498.42 5,041.05 7,720.85 110.50 114.25 133.6668
Mar-18 Mar-17 Mar-16

12 mths 12 mths 12 mths

Profit/Loss Before -881.15 -628.7 -733.75 -10.50 -14.25 -33.6668

Exceptional, ExtraOrdinary
Items And Tax
Exceptional Items 0 0 -717.81 -10.27 0.00 0
Profit/Loss Before Tax -881.15 -628.7 -1,451.56 -20.77 -14.25 -33.6668
Tax Expenses-Continued Operations
Current Tax 0 0 0 0.00 0.00 0
Deferred Tax 0 -183.36 -445.77 -6.38 -4.16 0
Other Direct Taxes 0 0 0 0.00 0.00 0
Tax For Earlier Years 0 0 41.34 0.59 0.00 0
Total Tax Expenses 0 -183.36 -404.43 -5.79 -4.16 0
Profit/Loss After Tax And
Before ExtraOrdinary Items
-881.15 -445.34 -1,047.13 -14.99 -10.09 -33.6668
Prior Period Items 0 0 0 0.00 0.00 0
Profit/Loss From Continuing
Operations
-881.15 -445.34 -1,047.13 -14.99 -10.09 -33.6668
Profit/Loss For The Period -881.15 -445.34 -1,047.13 -14.99 -10.09 -33.6668
Mar-18 Mar-17 Mar-16

12 mths 12 mths 12 mths

OTHER ADDITIONAL INFORMATION

EARNINGS PER SHARE
Basic EPS (Rs.) -61.94 -31.3 -73.61 -1.05 -0.71 -2.36659
Diluted EPS (Rs.) -61.94 -31.3 -73.61 -1.05 -0.71 -2.36659
VALUE OF IMPORTED AND INDIGENIOUS
RAW MATERIALS
Imported Raw Materials 0 0 3,951.22 56.55 0.00 0
Indigenous Raw Materials 0 0 2,034.67 29.12 0.00 0
STORES, SPARES AND LOOSE TOOLS

Imported Stores And Spares 0 0 9.4 0.13 0.00 0

Indigenous Stores And Spares 0 0 52.28 0.75 0.00 0
DIVIDEND AND DIVIDEND PERCENTAGE
 ------------------ comparitiv
Profit & Loss account
- in Rs. Cr. ---
of Uttam Galva Steel e
----------------

Absolute Absolute
Change Change
Mar 18 Mar-17 Mar-16 Change Change17
%16-17 % 17-18
2016-17 -18

12 mths 12 mths 12 mths

INCOME
Revenue From
Operations [Gross]
2,475.79 4,364.40 7,098.17 -2,733.77 -1,888.61 -38.5137 -43.2731
Less: Excise/Sevice
Tax/Other Levies
74.07 264.98 374.6 -109.62 -190.91 -29.2632 -72.0469
Revenue From
Operations [Net]
2,401.72 4,099.42 6,723.57 -2,624.15 -1,697.70 -39.0291 -41.4132
Other Operating 56.3631
Revenues
146.37 248.68 159.04 89.64 -102.31 -41.1412
8
Total Operating
Revenues
2,548.09 4,348.10 6,882.61 -2,534.51 -1,800.01 -36.8248 -41.3976
7.67315
Other Income 69.18 64.25 104.49 -40.24 4.93 -38.5109
2
Total Revenue 2,617.27 4,412.35 6,987.10 -2,574.75 -1,795.08 -36.8501 -40.6831
EXPENSES
Cost Of Materials 0.43225
Consumed
1,884.45 2,811.37 2,799.27 12.10 -926.92 -32.9704
6
Purchase Of Stock-In
Trade
41.13 669.62 3,168.78 -2,499.16 -628.49 -78.8682 -93.8577
Operating And Direct
Expenses
198.81 246.83 294.45 -47.62 -48.02 -16.1725 -19.4547
Changes In Inventories 1244.69
Of FG,WIP And Stock-In 213 15.84 236.27 -220.43 197.16 -93.2958
Trade 7
Employee Benefit
Expenses
91.79 94.14 109.15 -15.01 -2.35 -13.7517 -2.49628
20.5133 6.26939
Finance Costs 647.17 608.99 505.33 103.66 38.18
3 7
Depreciation And 1.23119
Amortisation Expenses
258.12 285.31 281.84 3.47 -27.19 -9.52998
5
Other Expenses 163.95 308.95 325.76 -16.81 -145.00 -5.16024 -46.9332
Total Expenses 3,498.42 5,041.05 7,720.85 -2,679.80 -1,542.63 -34.7086 -30.6014
Mar-18 Mar-17 Mar-16

12 mths 12 mths 12 mths

Profit/Loss Before 40.1542

Exceptional, -881.15 -628.7 -733.75 105.05 -252.45 -14.3169
ExtraOrdinary Items
9
And Tax
Exceptional Items 0 0 -717.81 717.81 0.00 -100 0
 - 40.1542
Profit/Loss Before Tax -881.15 -628.7
1,451.56
822.86 -252.45 -56.688
9
Tax Expenses-Continued Operations
Current Tax 0 0 0 0.00 0.00 0 0
Deferred Tax 0 -183.36 -445.77 262.41 183.36 -58.8667 -100
Other Direct Taxes 0 0 0 0.00 0.00 0 0
Tax For Earlier Years 0 0 41.34 -41.34 0.00 -100 0
Total Tax Expenses 0 -183.36 -404.43 221.07 183.36 -54.6621 -100
Profit/Loss After Tax 97.8600
-
And Before -881.15 -445.34
1,047.13
601.79 -435.81 -57.4704
ExtraOrdinary Items 6
Prior Period Items 0 0 0 0.00 0.00 0 0
Profit/Loss From - 97.8600
Continuing Operations
-881.15 -445.34
1,047.13
601.79 -435.81 -57.4704
6
Profit/Loss For The - 97.8600
Period
-881.15 -445.34
1,047.13
601.79 -435.81 -57.4704
6
Mar-18 Mar-17 Mar-16

12 mths 12 mths 12 mths

OTHER ADDITIONAL INFORMATION

EARNINGS PER SHARE
97.8913
Basic EPS (Rs.) -61.94 -31.3 -73.61 42.31 -30.64 -57.4786
7
97.8913
Diluted EPS (Rs.) -61.94 -31.3 -73.61 42.31 -30.64 -57.4786
7
VALUE OF IMPORTED AND
INDIGENIOUS RAW MATERIALS

Imported Raw Materials 0 0 3,951.22 -3,951.22 0.00 -100 0

Indigenous Raw
Materials
0 0 2,034.67 -2,034.67 0.00 -100 0
STORES, SPARES AND LOOSE
TOOLS
Imported Stores And
Spares
0 0 9.4 -9.40 0.00 -100 0
Indigenous Stores And
Spares
0 0 52.28 -52.28 0.00 -100 0

DIVIDEND AND DIVIDEND

PERCENTAGE
 -------------------
Balance Sheet of
in Rs. Cr. ----
Uttam Galva Steel
---------------
common size
Mar 18 Mar-17 Mar-16 16% 17% 18%
12 mths 12 mths 12 mths

EQUITIES AND LIABILITIES

SHAREHOLDER'S FUNDS

Equity Share Capital 142.26 142.26 142.26

1.3643779 1.407419572 1.708498
Total Share Capital 142.26 142.26 142.26
1.3643779 1.407419572 1.708498
Revaluation Reserves 614.53 614.53 614.53 5.89379412 6.079724096 7.380314
-
Reserves and Surplus -907.77 -24.46 401.25
3.84828225 -0.2419899 10.90204
Total Reserves and -
-293.24 590.07 1,015.78
Surplus 9.74207637 5.837734199 3.521721
Total Shareholders -
-150.98 732.33 1,158.04
Funds 11.1064543 7.245153771 1.813223
NON-CURRENT LIABILITIES
Long Term Borrowings 237.96 1,766.02 2,403.92 23.0553587 17.47174971 2.857826
Deferred Tax Liabilities
412.34 412.34 412.34
[Net] 3.9546435 4.079399596 4.952075
Other Long Term
1,335.95 9.58 20.51
Liabilities 0.19670597 0.094777727 16.04434
Long Term Provisions 12.43 9.71 12.2 0.11700696 0.096063855 0.14928
Total Non-Current
1,998.68 2,197.65 2,848.97
Liabilities 27.3237151 21.74199089 24.00353
CURRENT LIABILITIES
Short Term Borrowings 3,103.02 2,908.09 1,166.94 11.1918118 28.77058052 37.26631
Trade Payables 46.5 2,060.38 4,009.28 38.4519403 20.38393884 0.558451
Other Current Liabilities 3,270.19 2,149.77 1,206.21 11.56844 21.26830011 39.27397
Short Term Provisions 59.2 59.64 37.29 0.35763849 0.590035873 0.710974
Total Current
6,478.91 7,177.88 6,419.72
Liabilities 61.5698306 71.01285534 77.8097
Total Capital And
8,326.61 10,107.86 10,426.73
Liabilities 100 100 100
ASSETS
NON-CURRENT ASSETS
Tangible Assets 5,186.86 5,442.51 5,659.79 54.2815437 53.844335 62.29258
Intangible Assets 5.02 9.79 14.01
0.13436619 0.096855319 0.060289
Capital Work-In-
155.56 154.06 152.23
Progress 1.45999753 1.524160406 1.868227
Fixed Assets 5,347.44 5,606.36 5,826.03 55.8759074 55.46535073 64.22109
Non-Current
74.83 74.83 77.88
Investments 0.74692641 0.740314963 0.898685
Deferred Tax Assets
853.55 853.55 670.19
[Net] 6.42761441 8.444418502 10.25087
Long Term Loans And
0.45 55.6 51.81
Advances 0.49689596 0.550066978 0.005404
Other Non-Current
1,449.45 1,251.13 1,262.48
Assets 12.1081106 12.37779312 17.40744
Total Non-Current
7,725.72 7,841.47 7,888.39
Assets 75.6554548 77.57794429 92.7835
CURRENT ASSETS
Inventories 393.57 858.05 904.35 8.67338082 8.488938311 4.726653
Trade Receivables 30.42 1,186.74 1,475.66 14.1526634 11.74076412 0.365335
Cash And Cash
3.74 15.44 38.38
Equivalents 0.36809239 0.152752412 0.044916
Short Term Loans And
0 0 0
Advances 0 0 0
OtherCurrentAssets 173.16 206.16 119.95 1.15040861 2.039600865 2.079598
Total Current Assets 600.89 2,266.39 2,538.34 24.3445452 22.42205571 7.216502
Total Assets 8,326.61 10,107.86 10,426.73 100 100 100
OTHER ADDITIONAL INFORMATION
CONTINGENT LIABILITIES,
COMMITMENTS

Contingent Liabilities 29.39 93.23 125.06

1.19941727 0.922351517 0.352965

CIF VALUE OF IMPORTS

Raw Materials 0 0 0 0 0 0
Stores, Spares And
0 0 0
Loose Tools 0 0 0
Trade/Other Goods 122.29 1,089.60 3,781.84 36.2706237 10.77972983 1.468665
Capital Goods 0 0 0 0 0 0
EXPENDITURE IN FOREIGN
EXCHANGE
0 0 0
Expenditure In Foreign
15.71 61.69 170.04
Currency 1.63080851 0.61031712 0.188672
REMITTANCES IN FOREIGN
CURRENCIES FOR DIVIDENDS
Dividend Remittance In
- - -
Foreign Currency

EARNINGS IN FOREIGN EXCHANGE

FOB Value Of Goods 176.84 1,261.73 2,839.20 27.2300136 12.48266201 2.123793

Other Earnings - - -

BONUS DETAILS
Bonus Equity Share
- - -
Capital
NON-CURRENT INVESTMENTS
Non-Current
Investments Quoted - - -
Market Value
Non-Current
Investments Unquoted 74.83 74.83 77.88
Book Value 0.74692641 0.740314963 0.898685
CURRENT INVESTMENTS
Current Investments
- - -
Quoted Market Value
Current Investments
- - -
Unquoted Book Value
 -------------------
Balance Sheet of
Uttam Galva Steel
in Rs. Cr. ---- comparitive
---------------

Absolute Absolute
Change Change
Mar 18 Mar-17 Mar-16 Change Change
% 16-17 % 17-18
2016-17 2017-18

12 mths 12 mths 12 mths

EQUITIES AND
LIABILITIES
SHAREHOLDER'S FUNDS
Equity Share
142.26 142.26 142.26 0 0 0 0
Capital
Total Share
142.26 142.26 142.26 0 0 0 0
Capital

Revaluation
614.53 614.53 614.53 0 0 0 0
Reserves

Reserves and
-907.77 -24.46 401.25 -425.71 -883.31 -106.096 3611.243
Surplus

Total Reserves
-293.24 590.07 1,015.78 -425.71 -883.31 -41.9097 -149.696
and Surplus

Total
Shareholders -150.98 732.33 1,158.04 -425.71 -883.31 -36.7613 -120.616
Funds

NON-CURRENT LIABILITIES

Long Term
237.96 1,766.02 2,403.92 -637.9 -1528.06 -26.5358 -86.5256
Borrowings

Deferred Tax
412.34 412.34 412.34 0 0 0 0
Liabilities [Net]

Other Long Term

1,335.95 9.58 20.51 -10.93 1326.37 -53.2911 13845.2
Liabilities

Long Term
12.43 9.71 12.2 -2.49 2.72 -20.4098 28.01236
Provisions

Total Non-Current
1,998.68 2,197.65 2,848.97 -651.32 -198.97 -22.8616 -9.05376
Liabilities

CURRENT LIABILITIES

Short Term
3,103.02 2,908.09 1,166.94 1741.15 194.93 149.2065 6.703025
Borrowings
Trade Payables 46.5 2,060.38 4,009.28 -1948.9 -2013.88 -48.6097 -97.7431

Other Current
3,270.19 2,149.77 1,206.21 943.56 1120.42 78.22518 52.11813
Liabilities

Short Term
59.2 59.64 37.29 22.35 -0.44 59.93564 -0.73776
Provisions

Total Current
6,478.91 7,177.88 6,419.72 758.16 -698.97 11.80986 -9.73783
Liabilities

Total Capital And

8,326.61 10,107.86 10,426.73 -318.87 -1781.25 -3.0582 -17.6224
Liabilities

ASSETS
NON-CURRENT ASSETS

Tangible Assets 5,186.86 5,442.51 5,659.79 -217.28 -255.65 -3.83901 -4.69728

Intangible Assets 5.02 9.79 14.01 -4.22 -4.77 -30.1213 -48.7232

Capital Work-In-
155.56 154.06 152.23 1.83 1.5 1.202128 0.973647
Progress

Fixed Assets 5,347.44 5,606.36 5,826.03 -219.67 -258.92 -3.77049 -4.61833

Non-Current
74.83 74.83 77.88 -3.05 0 -3.91628 0
Investments

Deferred Tax
853.55 853.55 670.19 183.36 0 27.35941 0
Assets [Net]

Long Term Loans

0.45 55.6 51.81 3.79 -55.15 7.31519 -99.1906
And Advances

Other Non-Current
1,449.45 1,251.13 1,262.48 -11.35 198.32 -0.89902 15.85127
Assets

Total Non-Current
7,725.72 7,841.47 7,888.39 -46.92 -115.75 -0.5948 -1.47613
Assets

CURRENT ASSETS

Inventories 393.57 858.05 904.35 -46.3 -464.48 -5.1197 -54.132

Trade Receivables 30.42 1,186.74 1,475.66 -288.92 -1156.32 -19.579 -97.4367

Cash And Cash

3.74 15.44 38.38 -22.94 -11.7 -59.7707 -75.7772
Equivalents
Short Term Loans
0 0 0 0 0 0 0
And Advances

OtherCurrentAssets 173.16 206.16 119.95 86.21 -33 71.87161 -16.007

Total Current
600.89 2,266.39 2,538.34 -271.95 -1665.5 -10.7137 -73.4869
Assets

Total Assets 8,326.61 10,107.86 10,426.73 -318.87 -1781.25 -3.0582 -17.6224

OTHER ADDITIONAL
INFORMATION
CONTINGENT LIABILITIES,
COMMITMENTS
Contingent
29.39 93.23 125.06 -31.83 -63.84 -25.4518 -68.4758
Liabilities

CIF VALUE OF IMPORTS

Raw Materials 0 0 0 0 0 0 0

Stores, Spares And

0 0 0 0 0 0 0
Loose Tools

Trade/Other Goods 122.29 1,089.60 3,781.84 -2692.24 -967.31 -71.1886 -88.7766

Capital Goods 0 0 0 0 0 0 0
EXPENDITURE IN FOREIGN
EXCHANGE

Expenditure In
15.71 61.69 170.04 -108.35 -45.98 -63.7203 -74.534
Foreign Currency

REMITTANCES IN FOREIGN
CURRENCIES FOR DIVIDENDS

Dividend
Remittance In - - -
Foreign Currency

EARNINGS IN FOREIGN
EXCHANGE

FOB Value Of
176.84 1,261.73 2,839.20 -1577.47 -1084.89 -55.5604 -85.9843
Goods

Other Earnings - - -

BONUS DETAILS

Bonus Equity Share

- - -
Capital

NON-CURRENT INVESTMENTS
Non-Current
Investments
- - -
Quoted Market
Value

Non-Current
Investments
74.83 74.83 77.88 -3.05 0 -3.91628 0
Unquoted Book
Value
CURRENT INVESTMENTS

Current
Investments
- - -
Quoted Market
Value

Current
Investments
- - -
Unquoted Book
Value
ANALYSIS OF INCOME STATEMENT

COMMON SIZE

 GROSS PROFITABILITY:- Gross profit = Revenue - Cost of Goods Sold.

YEAR 2018 2017 2016

Gross Profit -11.89 -1.93 -4.83

The gross profit during the year 2017 was less than gross profit in 2016 but in the year 2018 the gross profit
has decreased again.

 OPERATING PROFITS:- Operating profit = Revenues – cost of goods sold – operating expenses –
depreciation & amortization.

YEAR 2018 2017 2016

Operating Profit -1.76 4.63 -0.74

The operating profit is not too much less but in the year 2017 company has earned good operating profit.But
in the year 2018 it has again decreased.

 NET PROFIT: NET REVENUE – NET EXPENSES

YEAR 2018 2017 2016

Net Profit -34.58 -10.24 -15.21

The company is going in loss from last three consecutive years. The company did well recovery in 2017 but
again in 2018 it is facing loss.

 OVERALL PROFITABILITY: It is also known as Return on investment .

ROI = Profit before interest and taxes/capital employed*100

YEAR 2018 2017 2016

Overall Profitability
ANALYSIS OF COMPARATIVE INCOME STATEMENT

 GROSS PROFITABILITY:- Gross profit = Revenue - Cost of Goods Sold.

YEAR 2018 2017 2016

Gross Profit -11.89 -1.93 -4.83

The gross profit during the year 2016 was decreasing with a lesser value but in the following years the gross
profit is decreasing rapidly. Since the sales is less and the COGS is increasing which could be a great factor in
decreasing gorss profit.

 OPERATING PROFITS:- Operating profit = Revenues – cost of goods sold – operating expenses –
depreciation & amortization.

YEAR 2018 2017 2016

Operating Profit -1.76 4.63 -0.74

The operating profit is decresing year by year due to the increase in expenses.But in year 2017 there is a good
growth shown by the company but again due to less revenue the company has low operating profit.

 NET PROFIT: NET REVENUE – NET EXPENSES

YEAR 2018 2017 2016

Net Profit -34.58 -10.24 -15.21

The company is facing loss consecutively since, the expenses are increasing with everyday due to
many internal as well as external factors. So, if the expense would be more then probability of earning
profit becomes less.

 OVERALL PROFITABILITY: It is also known as Return on investment .

ROI = Profit before interest and taxes/capital employed*100

YEAR 2018 2017 2016

Overall Profitability
ANALYSIS OF BALANCE SHEET

COMMON SIZE

ANALYSIS OF SHORT TERM SOLVENCY

It can be observed that that the current assets are increasing gradually every year. Therefore, the company’s
financial position is impoving.

Also, liquid assets such as cash and other equivalents are gradually decreasing so the liquidity position of the
company can be questioned.

ANALYSIS OF LONG TERM SOLVENCY

The fixed assests are increasing but the long term funds are decreasing. The increase in fixed assests are more
than the long term funds so a part of fixed assests have been financed using working capital.

PROFITABLITY

Since the reserves are decreasing therefore the profits are decreasing.

OVER-ALL FINANCIAL POSITION

The company is doing good in its sector.The company needs to take some measures on current asset and current
liability . To earn profit in short term term . The company has only two competitor to compete with so there is
nothing much to worry but in future there can be more. So it needs to maintain its profit consecutively .

ANALYSIS OF COMPARATIVE BALANCE SHEET

 Fixes Assests: The fixed assets are decreasing which shows a decrease in sale of fixed assets.
 Investments: Investments are decreasing so the funds are taken back to purchase the aasets.
 Current Assets: Current Assets are decreasing so the liquidity position of the company is low.
 Shareholder Funds: Shareholder Funds are decreasing which shows a decrease in ownership stake.
 Current Liabilities: The percentage of Total current liabilities was increasing during the year 2016-2017
but then got decreasing in 2017-2018. Therefore, payment has been made to creditors.
 Reserves: Decrease in reserves shows decrease in operational efficiency.

SHORT-TERM SOLVENCY
 Since the increase in current liabilities is more than the current assets, there is a great decline in short-
term financial position.
Also, there is a decrease in liquid assets like cash and other equivalents.
Inventories are also decreasing, might be due to reduction in sales.

LONG-TERM SOLVENCY
 Fixed assets are decreasing as well as long term funds are also decreasing.

PROFITABLITY:

The decrease in retained earnings shows a decrease in the profitablity.

OVER-ALL FINANCIAL POSITION

The company’s overall financial position is second because there are only two more competitors of this
comapany in the sector and industry type in which it is working.

The company’s net profit is going in loss on a yearly basis. Due to less revenue generated . Or many factors are
also responsible for increase in the purchase of raw materials . Since these are controlled by external policies.

The advantage is the surplus asset the company has .The company can be said to be good if we compare the
long term objectives of it and the ratios it has . But to do better in short term it has to make some effort to cover
up all the loses and to have profit.