A PROJECT REPORT ON ARVIND MILL

SUBMETED TO : CHAUDHARI TECHANICAL INSTITUTE, MBA GADHINAGAR

SUBMITED TO:

Prof.Manish Chaudhari Submitted by:Patel Nehal(11MBA49) Patel Bhumika(11MBA25)

ACADEMIC YEAR: 2011-13

Management is essential necessary and universally useful in every fields for that purpose, industrial training has join the M.B.A programmer. we are mba students and practical arranging is one of the mask important part of M.B.A programmed. The main object of preparing report or practical study is to develop the students ability. It is the opportunity for the students to show their skills and efficiency student will able to develop their internal strength by the preparing report. we had complete our report of Arvind mill By preparing report we learnt our practical views. During the work, our group had taken visit of different department of organization and we have prepared project report on the selected company. This report shows general information, personnel information, marketing information, finance information of the company.

We have tried our best to prepare reports, still if there is any mistake done by us please pardon us.

In MBA. We get Opportunity to preparing project for knowledge of production process of different things & also how to manage the Organizations staff. We are grateful to the professors of the college & the staff of the industries who help us to make the project. We are also thankful to industries staff members, who gave us information of company management, production, & also how to market the product in this era. And finally we thanks to our college of well wishes for spared time for providing their valuable guidance

ARVIND MILLS proud to introduce itself as a one-stop supply for garments etc. Formulation requirements. Nationwide customers can count on ARVIND MILL for products of consistent quality, and most of all its cost efficiency. ARVIND MILLS welcomes distributors, importers and agents who can be helpful to introduce products in their markets. ARVIND MILL provides vast range of services as well as prompt and reliable assistance for all our clients. ARVIND SMILLS quality focus encompasses all areas of operation right from procurement of the best raw materials, to optimum manufacturing technology, to precise delivery of the customer's requirements - thereby ensuring a rapid penetration of markets. on-time deliveries,

CONTENTS
SR NO I II III IV

PARTICULARS
PREFACE ACKNOWLEDGEMENT EXECUTIVE SUMMARY OBJECTVE

1 2 3 4 5 6 7 8

HISTORY FINANCIAL REVIEW PROJECT DETAILS RATION ANALYSIS SUMMARISE RATION SUGGESTIOS CONCLUSION BIBLIOGRAPHY

HISTORY The year 1930 was when the world suffered the great depression. Companies across the globe began closing down. In UK and in India, the textile industry in particular was in trouble. At about this time, Mahatma Gandhi championed the Swadeshi Movement and at his call, people from all across India began boycotting fine and superfine fabrics, which had so far been imported from England. In the midst of this depression one family saw opportunity. The Lalbhais reasoned that the demand for fine and superfine fabrics still existed. And any Indian company that met this demand would surely prosper. The three brothers, Kasturbhai, Narottambhai and Chimanbhai, decided to set up a mill to produce superfine fabric. Next they looked around for state-of-the-art machinery that could produce such high quality fabric. Their search ended in England. The best technology of that time was acquired at a most attractive price. And a company called Arvind Limited was born. Arvind Limited started with a share capital of Rs 2,525,000 ($55,000) in the year 1931. With the aim of manufacturing the high-end superfine fabrics Arvind invested in very sophisticated technology. With 52,560 ring spindles, 2552 doubling spindles and 1122 looms it was one of the few companies in those days to start along with spinning and weaving facilities in addition to full-fledged facilities for dyeing, bleaching, finishing and mercerizing. The sales in the year 1934, three years after establishment were Rs 45.76 lakh and profits were Rs 2.82 lakh. Steadily producing high quality fabrics, year after year, Arvind took its place amongst the foremost textile units in the country. In the mid 1980s the textile industry faced another major crisis. With the power loom churning out vast quantities of inexpensive fabric, many large composite mills lost their markets, and were on the verge of closure. Yet that period saw Arvind at its highest level of profitability. There could be no better time, concluded the Management, for a rethink on strategy. The Arvind management coined a new word for it new strategy Reno vision. It simply meant a new way of looking at issues, of seeing more than the obvious and that became the corporate philosophy.

The national focus paved way for international focus and Arvins markets shifted from domestic to global, a market that expected and accepted only quality goods. An in-depth analysis of the world textile market proved an eye opener. People the world over were shifting from synthetic to natural fabrics. Cottons were the largest growing segments. But where conventional wisdom pointed to popular priced segments, Reno vision pointed to high quality premium niches. Thus in 1987-88 Arvind entered the export market for two sections -Denim for leisure & fashion wear and high quality fabric for cotton shirting and trousers. By 1991 Arvind reached 1600 million meters of Denim per year and it was the third largest producer of Denim in the world. In 1997 Arvind set up a state-of-the-art shirting, gabardine and knits facility, the largest of its kind in India, at Santej. With Arvinds concern for environment a most modern effluent treatment facility with zero effluent discharge capability was also established. Year 2005 was a watershed year for textiles. With the muliti-fiber agreement getting phased out and the disbanding of quotas, international textile trade was poised for a quantum leap. In the domestic market too, the rationalizing of the cenvat chain and the growth of the organized retail industry was likely to make textiles and apparel see an explosive growth. Arvind has carved out an aggressive strategy to verticalize its current operations by setting up worldscale garmenting facilities and offering a onestop shop service, by offering garment packages to its international and domestic customers. With Lee, Wrangler, Arrow and Tommy Hilfiger and its own domestic brands of Flying Machine, Newport, Excalibur and Rug & Tuf, Arvind set its vision of becoming the largest apparel brands company in India.

Balance sheet
Mar ' 11 Sources of funds Owner's fund Equity share capital Share application money Preference share capital Reserves & surplus 25z4.40 231.98 7.57 1,236.00 1,107.31 218.98 21.32 19.80 919.82 Mar ' 10 Mar ' 09

Loan funds
Secured loans Unsecured loans Total 1,763.23 48.89 3,302.52 1,728.73 141.85 3,217.44 1,920.90 103.04 3,203.86

Uses of funds

Fixed assets Less : revaluation reserve Less : accumulated depreciation Net block Capital work-in-progress Investments

3,172.22 305.86 1,170.26 1,696.10 142.28 309.40

3,002.45 73.14 1,084.34 1,844.97 46.86 300.29

3,056.80 13.88 1,014.51 2,028.41 81.58 100.06

Net current assets

Current assets, loans & advances Less : current liabilities & provisions Total net current assets Miscellaneous expenses not written Total

1,806.07 651.33 1,154.74 3,302.52

1,478.94 453.62 1,025.32 3,217.44

1,592.51 608.77 983.74 10.07 3,203.86

Notes:

Book value of unquoted investments Market value of quoted investments Contingent liabilities Number of equity sharesoutstanding (Lacs)

328.15 14.96 682.29 2543.99

324.38 9.62 301.99 2319.78

127.26 6.51 241.34 2189.78s

Profit & Loss Account Arvind mills Ltd

Mar ' 11
Operating income Expenses Material consumed Manufacturing expenses Personnel expenses Selling expenses Adminstrative expenses Expenses capitalized 2,663.58 1,426.14 410.11 273.9 54.86 114.57

Mar ' 10
2,316.75 1,237.65 344.64 240.9 54.86 127.77

Mar ' 09
2,344.82 1,116.98 387.73 244.81 134.7 203.54

Cost of sales Operating profit Other recurring income Adjusted PBDIT Financial expenses Depreciation Other write offs Adjusted PBT Tax charges Adjusted PAT Non recurring items Other non cash adjustments Reported net profit Earnigs before appropriation Equity dividend Preference dividend Dividend tax Retained earnings

2,279.58 384 18.34 402.34 215.44 116.16 70.74

2,007.31 309.44 37.7 347.14 213.32 113.8 20.02

2,087.76 257.06 52.57 309.63 214.16 122.05 -26.58 1.86 -28.44 -106.62 7.09 -127.97 306.95 1.68 0.29 304.98

62.37 1.69 134.8 449.22

31.8 0.18 52 333.91 0.76 0.13 333.02

449.22

Trend Analysis Of Balance Sheet

Balance sheet
Mar ' 11 Sources of funds Owner's fund Equity share capital Share application money Preference share capital Reserves & surplus 109.7 8 105.9 3 35.5 120.3 8 Mar ' 10 Mar ' 09

100 100 100 100

134.3 7

Loan funds
Secured loans Unsecured loans Total 91.79 47.44 103.0 7 103.7 7 2203. 6 115.3 5 83.61 174.4 309.2 113.4 1 106.9 9 117.3 8 89.99 137.6 6 100.0 0 100.0 0 100 100.0 0 100.0 0 100 100.0 0 100.0 0 100 100 100.0 0 100 100

Uses of funds
Fixed assets Less : revaluation reserve Less : accumulated depreciation Net block Capital work-in-progress Investments

98.22 526.9 4 106.8 8 90.95 57.44 300

Net current assets

Current assets, loans & advances Less : current liabilities & provisions Total net current assets 96.69 74.51 104.2 2

INTERPRITATION trnd blnces Equity share capital

Equity share capital (there is no preference share capital) increase in the financial year 2007-08 142.99% in compare to the base year of 2006-07 and also increase in the financial year 2010-11 285.995 in compare to the base year 2006-07

Secured loan
There is decrease of secured loan in the financial year 2007-08 of compare to base year 2006-07 and there is squirdup of secured loan in the financial year 2008-09. There Is increase of secured loans in thr financial year 2010-11 of 104.76% in compare to the base year 2006-07.

Unsecured loan
There is decrease of unsecured loan in the financial year 2007-08 of 82.81% , financial year 2008-09 of 97.94% and financial year 2009-10 of 82.7% in compare to base year but there is huge repayment of unsecured loan in the financial year 2010-11 ,so there is decrease of uncecured loan in the financial year 2010-11 of 18.82% in compare to base year.

Capital work in progress

There is huge increase in capital work in progress in financial year 2007-08 of 309.79% in compare to base year but after words there is minor increase in subsequent financial year (i.e financial year 2008-09 101.07%,2009-10 112.28% 2010-11 138.97%) compare to base year.

Fixed deposit
There is highly decrease in 2007-08 of 6.24%, 2008-09 of 5.58%,2009-10 of 5.68 compare to base year. There is highly increase of fixed deposit in the financial year 2010-11 of 1881.05 in compare to base year

Horizontal Analysis Of Balance Sheet

Mar ' 11 Mar ' 10 % % Change

Amount Sources of funds Owner's fund Equity share capital Share application money Preference share capital Reserves & surplus

254.4

231.98 7.57

22.42 10.47 100 11.62

1,236.0 0

1,107.3 1 128.69

Loan funds
Secured loans Unsecured loans Total 1,763.2 3 48.89 3,302.5 2 3,172.2 2 305.86 1,170.2 6 1,696.1 0 142.28 309.4 1,806.0 7 651.33 1,154.7 4 3,302.5 2 328.15 14.96 682.29 2543.99 1,728.7 3 34.5 141.85 -92.96 3,217.4 4 85.08 3,002.4 5 73.14 1,084.3 4 1,844.9 7 46.86 300.29

1.99 -65.53 2.64 5.65 318.18 7.92 -8.06 203.62 3.03 22.11 43.58 12.62 2.64 1.16 55.50 125.93 9.66

Uses of funds
Fixed assets Less : revaluation reserve Less : accumulated depreciation Net block Capital work-in-progress Investments

169.77 232.72 85.92 -148.87 95.42 9.11

Net current assets

Current assets, loans & advances Less : current liabilities & provisions Total net current assets Miscellaneous expenses not written Total 1,478.9 4 327.13 453.62 197.71 1,025.3 2 129.42 3,217.4 4 85.08 324.38 9.62 301.99 2319.7 8

Notes:
Book value of unquoted investments Market value of quoted investments Contingent liabilities Number of equity sharesoutstanding (Lacs)

3.77 5.34 380.3 224.21

INTERPRITATION Equity share capital

There is increase in equity share capital 10.47%(amount 22.42) in compare to previous year (i.e. issue of right share in the proportion 1:1)

Unsecured loan
There is huge repayment of unsecured loan of rs. -92.96( % change -65.53%) compare to previous year.

Fixed Assets
There is highly increase of fixed deposit of 5.65% (% change amount 169.77) compare to previous year.

Investment
There is decrease in investment 9.11 amt (% Change 3.03)

Vertical Analysis Of Balance Sheet Particular

Loan funds Secured loans Unsecured loans Total Uses of funds Fixed assets Less : revaluation reserve Less : accumulated depreciation Net block Capital work-in-progress Investments Net current assets Current assets, loans & advances Less : current liabilities & provisions Total net current assets Miscellaneous expenses not written Total 2010-11 1,763.23 48.89 3,302.52

%change
53 1 100

2009-19 1,728.73 141.85 3,217.44

% change
53.72 4.41 100

3,172.22 305.86 1,170.26 1,696.10 142.28 309.4 1,806.07 651.33 1,154.74 3,302.52

96 9 35 51 4 9 54 19 34 100

3,002.45 73.14 1,084.34 1,844.97 46.86 300.29 1,478.94 453.62 1,025.32 3,217.44

93 2 33 57 1 9 45 14 31 100

INTERPRITATION Unsecured loan

In financial year 2010-11 there is portion of unsecured loan is 1% . where as in the financial year 2009-10 there is a portion of unsecured loan is 4.41%.

Investment
In the financial year 2009-10 there is portion of investment is 9% of total assets. Where as in the financial year 2010-11 there is portion of investment is 9% of the toyal assets.

Net current assets

In financial year 2009-10 there is negative portion of net current assets 45% of total assets because the reason of current liability is more than current assets.

Trend Analysis Of PROFIT & LOSS ACCOUNT Particular

Operating income Expenses Material consumed Manufacturing expenses Personnel expenses Selling expenses Adminstrative expenses Expenses capitalized

Mar ' 11
113.59 127.67 105.77 111.88 42.21 56.28

Mar ' 10
98.80 110.80 88.88 98.4 40.34 62.77

Mar ' 09
100.00 100.00 100 100 100 100

Cost of sales Operating profit Other recurring income Adjusted PBDIT Financial expenses Depreciation Other write offs Adjusted PBT Tax charges Adjusted PAT Non recurring items Other non cash adjustments Reported net profit Earnigs before appropriation

109.18 149.38 34.88 129.94 100.59 95.17 -266.13

96.14 120.37 71.71 112.11 99.6 93.24 -75.31

100.00 100 100 100 100 100 100 100 100 100 100 100 100

-58.49 23.83 -105.33 146.34

-29.82 2.53 -40.63 108.78

INTERPRITATION Net sales

There is decrease of net sales in the financial year 2007-08 of 13.70% , 2008-09 of 92.36% compare to base year 2006-07. There is increase of net sales in the financial year 2009-10of 125.40% , 2010-11 of 174.64% compare to base year 2006-07.

Other income
There is increase of the total income in the financial year 2007-08 of 7538.89%, 2009-10 of 5288.89%, 2010-11 of 9198.89% compare to base year 2006-07. There is negative result in the financial year 2008-09 of -1.09 compare to the base year 2006-07.

Total income
There is decrease of total income in the financial year 2007-08 of 90.78% 2008-09 of 86.81% compare to base year. There is increase in 2009-10 of 119.00%, 2010-11 of 177.35 in compare to base year 2006-07.

PBDIT (profit before depreciation interest and tex)

There is decrease of PBDIT in the financial year 2007-08 of 66.18, 2008-09 of 57.45 compare to base year 2006-07. There is increase of PBDIT in the financial year 2009-10 of 134.03, 2010-11 of 233.59 compare to base year 2006-07.

Horizontal Analysis Of Profit & Loss A/C Particular

Operating income Expenses Material consumed Manufacturing expenses Personnel expenses Selling expenses Adminstrative expenses Expenses capitalized

Mar ' 11
2,663.58 1,426.14 410.11 273.9 54.86 114.57

Mar ' 10
2,316.75 1,237.65 344.64 240.9 54.35 127.77

% Amount 346.83 188.49 65.47 33 0.51 -13.2 272.27 74.56 -19.36 55.2 2.12 2.36 50.72

% Change 14.97 15.22 18.99 13.69 0.93 -10.33 13.56 24.9 -51.35 15.9 0.99 2.07 253.34

Cost of sales Operating profit Other recurring income Adjusted PBDIT Financial expenses Depreciation Other write offs Adjusted PBT Tax charges Adjusted PAT Non recurring items Other non cash adjustments Reported net profit Earnigs before appropriation Equity dividend Preference dividend Dividend tax Retained earnings Sources of funds

2,279.58 384 18.34 402.34 215.44 116.16 70.74

2,007.31 309.44 37.7 347.14 213.32 113.8 20.02

62.37 1.69 134.8 449.22

31.8 0.18 52 333.91 0.76 0.13 333.02 % Amount

30.57 1.51 82.8 115.31 0.76 0.13 116.2 Mar ' 10

96.13 838.88 159.23 34.53 1 1 34.89 % Amount

449.22 Mar ' 11 254.4

Owner's fund Equity share capital Share application money Preference share capital Reserves & surplus

7.7

231.98 7.57 1,107.31

7.21 0.23 34.4

1,236.00

53

INTERPRITATION Operating income

There is huge operating income of change amount Rs 346.83 ( % change 14.97) compare to previous year.

Cost of sales
There is cost of sales change amount 272.27(% change 13.56) ) compare to previous yea

Selling expenses
There is increase in selling expenses of % change 0.93( change amount Rs 0.51) compare to previous year.

Administrative expenses
There is increase in administrative expenses % change -10.33(change amount -13.2)

Balance sheet
Mar ' 11 Sources of funds Owner's fund Equity share capital Share application money Preference share capital Reserves & surplus 25z4.40 231.98 7.57 1,236.00 1,107.31 218.98 21.32 19.80 919.82 Mar ' 10 Mar ' 09

Loan funds
Secured loans Unsecured loans Total 1,763.23 48.89 3,302.52 1,728.73 141.85 3,217.44 1,920.90 103.04 3,203.86

Uses of funds

Fixed assets Less : revaluation reserve Less : accumulated depreciation Net block Capital work-in-progress Investments

3,172.22 305.86 1,170.26 1,696.10 142.28 309.40

3,002.45 73.14 1,084.34 1,844.97 46.86 300.29

3,056.80 13.88 1,014.51 2,028.41 81.58 100.06

Net current assets

Current assets, loans & advances Less : current liabilities & provisions Total net current assets Miscellaneous expenses not written Total

1,806.07 651.33 1,154.74 3,302.52

1,478.94 453.62 1,025.32 3,217.44

1,592.51 608.77 983.74 10.07 3,203.86

Notes:

Book value of unquoted investments Market value of quoted investments Contingent liabilities Number of equity sharesoutstanding (Lacs)

328.15 14.96 682.29 2543.99

324.38 9.62 301.99 2319.78

127.26 6.51 241.34 2189.78s

Profit & Loss Account Arvind mills Ltd

Mar ' 11
Operating income Expenses Material consumed Manufacturing expenses Personnel expenses Selling expenses Adminstrative expenses Expenses capitalized 2,663.58 1,426.14 410.11 273.9 54.86 114.57

Mar ' 10
2,316.75 1,237.65 344.64 240.9 54.86 127.77

Mar ' 09
2,344.82 1,116.98 387.73 244.81 134.7 203.54

Cost of sales Operating profit Other recurring income Adjusted PBDIT Financial expenses Depreciation Other write offs Adjusted PBT Tax charges Adjusted PAT Non recurring items Other non cash adjustments Reported net profit Earnigs before appropriation Equity dividend Preference dividend Dividend tax Retained earnings

2,279.58 384 18.34 402.34 215.44 116.16 70.74

2,007.31 309.44 37.7 347.14 213.32 113.8 20.02

2,087.76 257.06 52.57 309.63 214.16 122.05 -26.58 1.86 -28.44 -106.62 7.09 -127.97 306.95 1.68 0.29 304.98

62.37 1.69 134.8 449.22

31.8 0.18 52 333.91 0.76 0.13 333.02

449.22

Trend Analysis Of Balance Sheet

Balance sheet
Mar ' 11 Sources of funds Owner's fund Equity share capital Share application money Preference share capital Reserves & surplus 109.7 8 105.9 3 35.5 120.3 8 Mar ' 10 Mar ' 09

100 100 100 100

134.3 7

Loan funds
Secured loans Unsecured loans Total 91.79 47.44 103.0 7 103.7 7 2203. 6 115.3 5 83.61 174.4 309.2 113.4 1 106.9 9 117.3 8 89.99 137.6 6 100.0 0 100.0 0 100 100.0 0 100.0 0 100 100.0 0 100.0 0 100 100 100.0 0 100 100

Uses of funds
Fixed assets Less : revaluation reserve Less : accumulated depreciation Net block Capital work-in-progress Investments

98.22 526.9 4 106.8 8 90.95 57.44 300

Net current assets

Current assets, loans & advances Less : current liabilities & provisions Total net current assets 96.69 74.51 104.2 2

INTERPRITATION trnd blnces Equity share capital

Equity share capital (there is no preference share capital) increase in the financial year 2007-08 142.99% in compare to the base year of 2006-07 and also increase in the financial year 2010-11 285.995 in compare to the base year 2006-07

Secured loan
There is decrease of secured loan in the financial year 2007-08 of compare to base year 2006-07 and there is squirdup of secured loan in the financial year 2008-09. There Is increase of secured loans in thr financial year 2010-11 of 104.76% in compare to the base year 2006-07.

Unsecured loan
There is decrease of unsecured loan in the financial year 2007-08 of 82.81% , financial year 2008-09 of 97.94% and financial year 2009-10 of 82.7% in compare to base year but there is huge repayment of unsecured loan in the financial year 2010-11 ,so there is decrease of uncecured loan in the financial year 2010-11 of 18.82% in compare to base year.

Capital work in progress

There is huge increase in capital work in progress in financial year 2007-08 of 309.79% in compare to base year but after words there is minor increase in subsequent financial year (i.e financial year 2008-09 101.07%,2009-10 112.28% 2010-11 138.97%) compare to base year.

Fixed deposit
There is highly decrease in 2007-08 of 6.24%, 2008-09 of 5.58%,2009-10 of 5.68 compare to base year. There is highly increase of fixed deposit in the financial year 2010-11 of 1881.05 in compare to base year.

Horizontal Analysis Of Balance Sheet

Mar ' 11 Sources of funds Owner's fund Equity share capital Share application money Preference share capital Reserves & surplus Mar ' 10 % Amount % Change

254.4

231.98 7.57

22.42 10.47 100 11.62

1,236.0 0

1,107.3 1 128.69

Loan funds
Secured loans Unsecured loans Total 1,763.2 3 48.89 3,302.5 2 3,172.2 2 305.86 1,170.2 6 1,696.1 0 142.28 309.4 1,806.0 7 651.33 1,154.7 4 3,302.5 2 328.15 14.96 682.29 2543.99 1,728.7 3 34.5 141.85 -92.96 3,217.4 4 85.08 3,002.4 5 73.14 1,084.3 4 1,844.9 7 46.86 300.29

1.99 -65.53 2.64 5.65 318.18 7.92 -8.06 203.62 3.03 22.11 43.58 12.62 2.64 1.16 55.50 125.93 9.66

Uses of funds
Fixed assets Less : revaluation reserve Less : accumulated depreciation Net block Capital work-in-progress Investments

169.77 232.72 85.92 -148.87 95.42 9.11

Net current assets

Current assets, loans & advances Less : current liabilities & provisions Total net current assets Miscellaneous expenses not written Total 1,478.9 4 327.13 453.62 197.71 1,025.3 2 129.42 3,217.4 4 85.08 324.38 9.62 301.99 2319.7

Notes:
Book value of unquoted investments Market value of quoted investments Contingent liabilities Number of equity sharesoutstanding

3.77 5.34 380.3 224.21

(Lacs)

INTERPRITATION Equity share capital

There is increase in equty share capital 10.47%(amount 22.42) in compare to previous year (i.e isse of right share in the proportion 1:1)

Unsecured loan
There is huge repayment of unsecured loan of rs. -92.96( % change -65.53%) compare to previous year.

Fixed Assets
There is highly increase of fixed deposit of 5.65% (% change amount 169.77) compare to previous year.

Investment
There is decrease in investment 9.11 amt (% Change 3.03)

Vertical Analysis Of Balance Sheet Particular

Loan funds Secured loans Unsecured loans Total Uses of funds Fixed assets Less : revaluation reserve Less : accumulated depreciation Net block Capital work-in-progress Investments Net current assets Current assets, loans & advances Less : current liabilities & provisions Total net current assets Miscellaneous expenses not written Total 2010-11 1,763.23 48.89 3,302.52

%change
53 1 100

2009-19 1,728.73 141.85 3,217.44

% change
53.72 4.41 100

3,172.22 305.86 1,170.26 1,696.10 142.28 309.4 1,806.07 651.33 1,154.74 3,302.52

96 9 35 51 4 9 54 19 34 100

3,002.45 73.14 1,084.34 1,844.97 46.86 300.29 1,478.94 453.62 1,025.32 3,217.44

93 2 33 57 1 9 45 14 31 100

INTERPRITATION Unsecured loan

In financial year 2010-11 there is portion of unsecured loan is 1% . where as in the financial year 2009-10 there is a portion of unsecured loan is 4.41%.

Investment
In the financial year 2009-10 there is portion of investment is 9% of total assets. Where as in the financial year 2010-11 there is portion of investment is 9% of the toyal assets.

Net current assets

In financial year 2009-10 there is negative portion of net current assets 45% of total assets because the reason of current liability is more than current assets.

Trend Analysis Of PROFIT & LOSS ACCOUNT Particular

Operating income Expenses Material consumed Manufacturing expenses Personnel expenses Selling expenses Adminstrative expenses Expenses capitalized

Mar ' 11
113.59 127.67 105.77 111.88 42.21 56.28

Mar ' 10
98.80 110.80 88.88 98.4 40.34 62.77

Mar ' 09
100.00 100.00 100 100 100 100

Cost of sales Operating profit Other recurring income Adjusted PBDIT Financial expenses Depreciation Other write offs Adjusted PBT Tax charges Adjusted PAT Non recurring items Other non cash adjustments Reported net profit Earnigs before appropriation

109.18 149.38 34.88 129.94 100.59 95.17 -266.13

96.14 120.37 71.71 112.11 99.6 93.24 -75.31

100.00 100 100 100 100 100 100 100 100 100 100 100 100

-58.49 23.83 -105.33 146.34

-29.82 2.53 -40.63 108.78

INTERPRITATION Net sales

There is decrease of net sales in the financial year 2007-08 of 13.70% , 2008-09 of 92.36% compare to base year 2006-07. There is increase of net sales in the financial year 2009-10of 125.40% , 2010-11 of 174.64% compare to base year 2006-07.

Other income
There is increase of the total income in the financial year 2007-08 of 7538.89%, 2009-10 of 5288.89%, 2010-11 of 9198.89% compare to base year 2006-07. There is negative result in the financial year 2008-09 of -1.09 compare to the base year 2006-07.

Total income
There is decrease of total income in the financial year 2007-08 of 90.78% 2008-09 of 86.81% compare to base year. There is increase in 2009-10 of 119.00%, 2010-11 of 177.35 in compare to base year 2006-07.

PBDIT (profit before depreciation interest and tex)

There is decrease of PBDIT in the financial year 2007-08 of 66.18, 2008-09 of 57.45 compare to base year 2006-07. There is increase of PBDIT in the financial year 2009-10 of 134.03, 2010-11 of 233.59 compare to base year 2006-07.

Horizontal Analysis Of Profit & Loss A/C Particular

Operating income Expenses Material consumed Manufacturing expenses Personnel expenses Selling expenses Adminstrative expenses Expenses capitalized

Mar ' 11
2,663.58 1,426.14 410.11 273.9 54.86 114.57

Mar ' 10
2,316.75 1,237.65 344.64 240.9 54.35 127.77

% Amount 346.83 188.49 65.47 33 0.51 -13.2 272.27 74.56 -19.36 55.2 2.12 2.36 50.72

% Change 14.97 15.22 18.99 13.69 0.93 -10.33 13.56 24.9 -51.35 15.9 0.99 2.07 253.34

Cost of sales Operating profit Other recurring income Adjusted PBDIT Financial expenses Depreciation Other write offs Adjusted PBT Tax charges Adjusted PAT Non recurring items Other non cash adjustments Reported net profit Earnigs before appropriation Equity dividend Preference dividend Dividend tax Retained earnings Sources of funds

2,279.58 384 18.34 402.34 215.44 116.16 70.74

2,007.31 309.44 37.7 347.14 213.32 113.8 20.02

62.37 1.69 134.8 449.22

31.8 0.18 52 333.91 0.76 0.13 333.02 % Amount

30.57 1.51 82.8 115.31 0.76 0.13 116.2 Mar ' 10

96.13 838.88 159.23 34.53 1 1 34.89 % Amount

449.22 Mar ' 11 254.4

Owner's fund Equity share capital Share application money

7.7

231.98 7.57

7.21 0.23

Preference share capital Reserves & surplus

1,236.00

53

1,107.31

34.4

INTERPRITATION Operating income

There is huge operating income of change amount Rs 346.83 ( % change 14.97) compare to previous year.

Cost of sales
There is cost of sales change amount 272.27(% change 13.56) ) compare to previous yea

Selling expenses
There is increase in selling expenses of % change 0.93( change amount Rs 0.51) compare to previous year.

Administrative expenses
There is increase in administrative expenses % change -10.33(change amount -13.2)

Balance sheet
Mar ' 11 Sources of funds Owner's fund Equity share capital Share application money Preference share capital Reserves & surplus 25z4.40 231.98 7.57 1,236.00 1,107.31 218.98 21.32 19.80 919.82 Mar ' 10 Mar ' 09

Loan funds
Secured loans Unsecured loans Total 1,763.23 48.89 3,302.52 1,728.73 141.85 3,217.44 1,920.90 103.04 3,203.86

Uses of funds

Fixed assets Less : revaluation reserve Less : accumulated depreciation Net block Capital work-in-progress Investments

3,172.22 305.86 1,170.26 1,696.10 142.28 309.40

3,002.45 73.14 1,084.34 1,844.97 46.86 300.29

3,056.80 13.88 1,014.51 2,028.41 81.58 100.06

Net current assets

Current assets, loans & advances Less : current liabilities & provisions Total net current assets Miscellaneous expenses not written Total

1,806.07 651.33 1,154.74 3,302.52

1,478.94 453.62 1,025.32 3,217.44

1,592.51 608.77 983.74 10.07 3,203.86

Notes:

Book value of unquoted investments Market value of quoted investments Contingent liabilities Number of equity sharesoutstanding (Lacs)

328.15 14.96 682.29 2543.99

324.38 9.62 301.99 2319.78

127.26 6.51 241.34 2189.78s

Profit & Loss Account Arvind mills Ltd

Mar ' 11 Mar ' 10 Mar ' 09

Operating income Expenses Material consumed Manufacturing expenses Personnel expenses Selling expenses Adminstrative expenses Expenses capitalized

2,663.58 1,426.14 410.11 273.9 54.86 114.57

2,316.75 1,237.65 344.64 240.9 54.86 127.77

2,344.82 1,116.98 387.73 244.81 134.7 203.54

Cost of sales Operating profit Other recurring income Adjusted PBDIT Financial expenses Depreciation Other write offs Adjusted PBT Tax charges Adjusted PAT Non recurring items Other non cash adjustments Reported net profit Earnigs before appropriation Equity dividend Preference dividend Dividend tax Retained earnings

2,279.58 384 18.34 402.34 215.44 116.16 70.74

2,007.31 309.44 37.7 347.14 213.32 113.8 20.02

2,087.76 257.06 52.57 309.63 214.16 122.05 -26.58 1.86 -28.44 -106.62 7.09 -127.97 306.95 1.68 0.29 304.98

62.37 1.69 134.8 449.22

31.8 0.18 52 333.91 0.76 0.13 333.02

449.22

Trend Analysis Of Balance Sheet

Balance sheet
Mar ' 11 Sources of funds Owner's fund Equity share capital Share application money Preference share capital Reserves & surplus 109.7 8 105.9 3 35.5 120.3 8 Mar ' 10 Mar ' 09

100 100 100 100

134.3 7

Loan funds
Secured loans Unsecured loans Total 91.79 47.44 103.0 7 103.7 7 2203. 6 115.3 5 83.61 174.4 309.2 113.4 1 106.9 9 117.3 8 89.99 137.6 6 100.0 0 100.0 0 100 100.0 0 100.0 0 100 100.0 0 100.0 0 100 100 100.0 0 100 100

Uses of funds
Fixed assets Less : revaluation reserve Less : accumulated depreciation Net block Capital work-in-progress Investments

98.22 526.9 4 106.8 8 90.95 57.44 300

Net current assets

Current assets, loans & advances Less : current liabilities & provisions Total net current assets 96.69 74.51 104.2 2

INTERPRITATION trend balances

Equity share capital

Equity share capital (there is no preference share capital) increase in the financial year 2007-08 142.99% in compare to the base year of 2006-07 and also increase in the financial year 2010-11 285.995 in compare to the base year 2006-07

Secured loan
There is decrease of secured loan in the financial year 2007-08 of compare to base year 2006-07 and there is squirdup of secured loan in the financial year 2008-09. There Is increase of secured loans in thr financial year 2010-11 of 104.76% in compare to the base year 2006-07.

Unsecured loan
There is decrease of unsecured loan in the financial year 2007-08 of 82.81% , financial year 2008-09 of 97.94% and financial year 2009-10 of 82.7% in compare to base year but there is huge repayment of unsecured loan in the financial year 2010-11 ,so there is decrease of uncecured loan in the financial year 2010-11 of 18.82% in compare to base year.

Capital work in progress

There is huge increase in capital work in progress in financial year 2007-08 of 309.79% in compare to base year but after words there is minor increase in subsequent financial year (i.e financial year 2008-09 101.07%,2009-10 112.28% 2010-11 138.97%) compare to base year.

Fixed deposit
There is highly decrease in 2007-08 of 6.24%, 2008-09 of 5.58%,2009-10 of 5.68 compare to base year. There is highly increase of fixed deposit in the financial year 2010-11 of 1881.05 in compare to base year

Horizontal Analysis Of Balance Sheet

Mar ' 11 Mar ' 10 % Amount % Change

Sources of funds Owner's fund Equity share capital Share application money Preference share capital Reserves & surplus

254.4

231.98 7.57

22.42 10.47 100 11.62

1,236.0 0

1,107.3 1 128.69

Loan funds
Secured loans Unsecured loans Total 1,763.2 3 48.89 3,302.5 2 3,172.2 2 305.86 1,170.2 6 1,696.1 0 142.28 309.4 1,806.0 7 651.33 1,154.7 4 3,302.5 2 328.15 14.96 682.29 2543.99 1,728.7 3 34.5 141.85 -92.96 3,217.4 4 85.08 3,002.4 5 73.14 1,084.3 4 1,844.9 7 46.86 300.29

1.99 -65.53 2.64 5.65 318.18 7.92 -8.06 203.62 3.03 22.11 43.58 12.62 2.64 1.16 55.50 125.93 9.66

Uses of funds
Fixed assets Less : revaluation reserve Less : accumulated depreciation Net block Capital work-in-progress Investments

169.77 232.72 85.92 -148.87 95.42 9.11

Net current assets

Current assets, loans & advances Less : current liabilities & provisions Total net current assets Miscellaneous expenses not written Total 1,478.9 4 327.13 453.62 197.71 1,025.3 2 129.42 3,217.4 4 85.08 324.38 9.62 301.99 2319.7 8

Notes:
Book value of unquoted investments Market value of quoted investments Contingent liabilities Number of equity sharesoutstanding (Lacs)

3.77 5.34 380.3 224.21

INTERPRITATION Equity share capital

There is increase in equty share capital 10.47%(amount 22.42) in compare to previous year (i.e isse of right share in the proportion 1:1)

Unsecured loan
There is huge repayment of unsecured loan of rs. -92.96( % change -65.53%) compare to previous year.

Fixed Assets
There is highly increase of fixed deposit of 5.65% (% change amount 169.77) compare to previous year.

Investment
There is decrease in investment 9.11 amt (% Change 3.03)

Vertical Analysis Of Balance Sheet Particular

Loan funds Secured loans Unsecured loans Total Uses of funds Fixed assets Less : revaluation reserve Less : accumulated depreciation Net block Capital work-in-progress Investments Net current assets Current assets, loans & advances Less : current liabilities & provisions Total net current assets Miscellaneous expenses not written Total 2010-11 1,763.23 48.89 3,302.52

%change
53 1 100

2009-19 1,728.73 141.85 3,217.44

% change
53.72 4.41 100

3,172.22 305.86 1,170.26 1,696.10 142.28 309.4 1,806.07 651.33 1,154.74 3,302.52

96 9 35 51 4 9 54 19 34 100

3,002.45 73.14 1,084.34 1,844.97 46.86 300.29 1,478.94 453.62 1,025.32 3,217.44

93 2 33 57 1 9 45 14 31 100

INTERPRITATION Unsecured loan

In financial year 2010-11 there is portion of unsecured loan is 1% . where as in the financial year 2009-10 there is a portion of unsecured loan is 4.41%.

Investment
In the financial year 2009-10 there is portion of investment is 9% of total assets. Where as in the financial year 2010-11 there is portion of investment is 9% of the toyal assets.

Net current assets

In financial year 2009-10 there is negative portion of net current assets 45% of total assets because the reason of current liability is more than current assets.

Trend Analysis Of PROFIT & LOSS ACCOUNT Particular

Operating income Expenses Material consumed Manufacturing expenses Personnel expenses Selling expenses Adminstrative expenses Expenses capitalized

Mar ' 11
113.59 127.67 105.77 111.88 42.21 56.28

Mar ' 10
98.80 110.80 88.88 98.4 40.34 62.77

Mar ' 09
100.00 100.00 100 100 100 100

Cost of sales Operating profit Other recurring income Adjusted PBDIT Financial expenses Depreciation Other write offs Adjusted PBT Tax charges Adjusted PAT Non recurring items Other non cash adjustments Reported net profit Earnigs before appropriation

109.18 149.38 34.88 129.94 100.59 95.17 -266.13

96.14 120.37 71.71 112.11 99.6 93.24 -75.31

100.00 100 100 100 100 100 100 100 100 100 100 100 100

-58.49 23.83 -105.33 146.34

-29.82 2.53 -40.63 108.78

INTERPRITATION Net sales

There is decrease of net sales in the financial year 2007-08 of 13.70% , 2008-09 of 92.36% compare to base year 2006-07. There is increase of net sales in the financial year 2009-10of 125.40% , 2010-11 of 174.64% compare to base year 2006-07.

Other income
There is increase of the total income in the financial year 2007-08 of 7538.89%, 2009-10 of 5288.89%, 2010-11 of 9198.89% compare to base year 2006-07. There is negative result in the financial year 2008-09 of -1.09 compare to the base year 2006-07.

Total income
There is decrease of total income in the financial year 2007-08 of 90.78% 2008-09 of 86.81% compare to base year. There is increase in 2009-10 of 119.00%, 2010-11 of 177.35 in compare to base year 2006-07.

PBDIT (profit before depreciation interest and tex)

There is decrease of PBDIT in the financial year 2007-08 of 66.18, 2008-09 of 57.45 compare to base year 2006-07. There is increase of PBDIT in the financial year 2009-10 of 134.03, 2010-11 of 233.59 compare to base year 2006-07.

Horizontal Analysis Of Profit & Loss A/C Particular

Operating income Expenses Material consumed Manufacturing expenses Personnel expenses Selling expenses Adminstrative expenses Expenses capitalized

Mar ' 11
2,663.58 1,426.14 410.11 273.9 54.86 114.57

Mar ' 10
2,316.75 1,237.65 344.64 240.9 54.35 127.77

% Amount 346.83 188.49 65.47 33 0.51 -13.2 272.27 74.56 -19.36 55.2 2.12 2.36 50.72

% Change 14.97 15.22 18.99 13.69 0.93 -10.33 13.56 24.9 -51.35 15.9 0.99 2.07 253.34

Cost of sales Operating profit Other recurring income Adjusted PBDIT Financial expenses Depreciation Other write offs Adjusted PBT Tax charges Adjusted PAT Non recurring items Other non cash adjustments Reported net profit Earnigs before appropriation Equity dividend Preference dividend Dividend tax Retained earnings Sources of funds

2,279.58 384 18.34 402.34 215.44 116.16 70.74

2,007.31 309.44 37.7 347.14 213.32 113.8 20.02

62.37 1.69 134.8 449.22

31.8 0.18 52 333.91 0.76 0.13 333.02 % Amount

30.57 1.51 82.8 115.31 0.76 0.13 116.2 Mar ' 10

96.13 838.88 159.23 34.53 1 1 34.89 % Amount

449.22 Mar ' 11 254.4

Owner's fund Equity share capital Share application money Preference share capital Reserves & surplus

7.7

231.98 7.57 1,107.31

7.21 0.23 34.4

1,236.00

53

INTERPRITATION Operating income

There is huge operating income of change amount Rs 346.83 ( % change 14.97) compare to previous year.

Cost of sales
There is cost of sales change amount 272.27(% change 13.56) ) compare to previous yea

Selling expenses
There is increase in selling expenses of % change 0.93( change amount Rs 0.51) compare to previous year.

Administrative expenses
There is increase in administrative expenses % change -10.33(change amount -13.2)

Balance sheet
Mar ' 11 Sources of funds Owner's fund Equity share capital Share application money Preference share capital Reserves & surplus 25z4.40 231.98 7.57 1,236.00 1,107.31 218.98 21.32 19.80 919.82 Mar ' 10 Mar ' 09

Loan funds
Secured loans Unsecured loans Total 1,763.23 48.89 3,302.52 1,728.73 141.85 3,217.44 1,920.90 103.04 3,203.86

Uses of funds

Fixed assets Less : revaluation reserve Less : accumulated depreciation Net block Capital work-in-progress Investments

3,172.22 305.86 1,170.26 1,696.10 142.28 309.40

3,002.45 73.14 1,084.34 1,844.97 46.86 300.29

3,056.80 13.88 1,014.51 2,028.41 81.58 100.06

Net current assets

Current assets, loans & advances Less : current liabilities & provisions Total net current assets Miscellaneous expenses not written Total

1,806.07 651.33 1,154.74 3,302.52

1,478.94 453.62 1,025.32 3,217.44

1,592.51 608.77 983.74 10.07 3,203.86

Notes:

Book value of unquoted investments Market value of quoted investments Contingent liabilities Number of equity sharesoutstanding (Lacs)

328.15 14.96 682.29 2543.99

324.38 9.62 301.99 2319.78

127.26 6.51 241.34 2189.78s

Profit & Loss Account Arvind mills Ltd

Mar ' 11 Mar ' 10 Mar ' 09

Operating income Expenses Material consumed Manufacturing expenses Personnel expenses Selling expenses Adminstrative expenses Expenses capitalized

2,663.58 1,426.14 410.11 273.9 54.86 114.57

2,316.75 1,237.65 344.64 240.9 54.86 127.77

2,344.82 1,116.98 387.73 244.81 134.7 203.54

Cost of sales Operating profit Other recurring income Adjusted PBDIT Financial expenses Depreciation Other write offs Adjusted PBT Tax charges Adjusted PAT Non recurring items Other non cash adjustments Reported net profit Earnigs before appropriation Equity dividend Preference dividend Dividend tax Retained earnings

2,279.58 384 18.34 402.34 215.44 116.16 70.74

2,007.31 309.44 37.7 347.14 213.32 113.8 20.02

2,087.76 257.06 52.57 309.63 214.16 122.05 -26.58 1.86 -28.44 -106.62 7.09 -127.97 306.95 1.68 0.29 304.98

62.37 1.69 134.8 449.22

31.8 0.18 52 333.91 0.76 0.13 333.02

449.22

Trend Analysis Of Balance Sheet

Balance sheet
Mar ' 11 Sources of funds Owner's fund Equity share capital Share application money Preference share capital Reserves & surplus 109.7 8 105.9 3 35.5 120.3 8 Mar ' 10 Mar ' 09

100 100 100 100

134.3 7

Loan funds
Secured loans Unsecured loans Total 91.79 47.44 103.0 7 103.7 7 2203. 6 115.3 5 83.61 174.4 309.2 113.4 1 106.9 9 117.3 8 89.99 137.6 6 100.0 0 100.0 0 100 100.0 0 100.0 0 100 100.0 0 100.0 0 100 100 100.0 0 100 100

Uses of funds
Fixed assets Less : revaluation reserve Less : accumulated depreciation Net block Capital work-in-progress Investments

98.22 526.9 4 106.8 8 90.95 57.44 300

Net current assets

Current assets, loans & advances Less : current liabilities & provisions Total net current assets 96.69 74.51 104.2 2

INTERPRITATION trend balances

Equity share capital

Equity share capital (there is no preference share capital) increase in the financial year 2007-08 142.99% in compare to the base year of 2006-07 and also increase in the financial year 2010-11 285.995 in compare to the base year 2006-07

Secured loan
There is decrease of secured loan in the financial year 2007-08 of compare to base year 2006-07 and there is squirdup of secured loan in the financial year 2008-09. There Is increase of secured loans in thr financial year 2010-11 of 104.76% in compare to the base year 2006-07.

Unsecured loan
There is decrease of unsecured loan in the financial year 2007-08 of 82.81% , financial year 2008-09 of 97.94% and financial year 2009-10 of 82.7% in compare to base year but there is huge repayment of unsecured loan in the financial year 2010-11 ,so there is decrease of uncecured loan in the financial year 2010-11 of 18.82% in compare to base year.

Capital work in progress

There is huge increase in capital work in progress in financial year 2007-08 of 309.79% in compare to base year but after words there is minor increase in subsequent financial year (i.e financial year 2008-09 101.07%,2009-10 112.28% 2010-11 138.97%) compare to base year.

Fixed deposit
There is highly decrease in 2007-08 of 6.24%, 2008-09 of 5.58%,2009-10 of 5.68 compare to base year. There is highly increase of fixed deposit in the financial year 2010-11 of 1881.05 in compare to base year.

Horizontal Analysis Of Balance Sheet

Mar ' 11 Mar ' 10 % Amount % Change

Sources of funds Owner's fund Equity share capital Share application money Preference share capital Reserves & surplus

254.4

231.98 7.57

22.42 10.47 100 11.62

1,236.0 0

1,107.3 1 128.69

Loan funds
Secured loans Unsecured loans Total 1,763.2 3 48.89 3,302.5 2 3,172.2 2 305.86 1,170.2 6 1,696.1 0 142.28 309.4 1,806.0 7 651.33 1,154.7 4 3,302.5 2 328.15 14.96 682.29 2543.99 1,728.7 3 34.5 141.85 -92.96 3,217.4 4 85.08 3,002.4 5 73.14 1,084.3 4 1,844.9 7 46.86 300.29

1.99 -65.53 2.64 5.65 318.18 7.92 -8.06 203.62 3.03 22.11 43.58 12.62 2.64 1.16 55.50 125.93 9.66

Uses of funds
Fixed assets Less : revaluation reserve Less : accumulated depreciation Net block Capital work-in-progress Investments

169.77 232.72 85.92 -148.87 95.42 9.11

Net current assets

Current assets, loans & advances Less : current liabilities & provisions Total net current assets Miscellaneous expenses not written Total 1,478.9 4 327.13 453.62 197.71 1,025.3 2 129.42 3,217.4 4 85.08 324.38 9.62 301.99 2319.7 8

Notes:
Book value of unquoted investments Market value of quoted investments Contingent liabilities Number of equity sharesoutstanding (Lacs)

3.77 5.34 380.3 224.21

INTERPRITATION Equity share capital

There is increase in equty share capital 10.47%(amount 22.42) in compare to previous year (i.e isse of right share in the proportion 1:1)

Unsecured loan
There is huge repayment of unsecured loan of rs. -92.96( % change -65.53%) compare to previous year.

Fixed Assets
There is highly increase of fixed deposit of 5.65% (% change amount 169.77) compare to previous year.

Investment
There is decrease in investment 9.11 amt (% Change 3.03)

Vertical Analysis Of Balance Sheet Particular

Loan funds Secured loans Unsecured loans Total Uses of funds Fixed assets Less : revaluation reserve Less : accumulated depreciation Net block Capital work-in-progress Investments Net current assets Current assets, loans & advances Less : current liabilities & provisions Total net current assets Miscellaneous expenses not written Total 2010-11 1,763.23 48.89 3,302.52

%change
53 1 100

2009-19 1,728.73 141.85 3,217.44

% change
53.72 4.41 100

3,172.22 305.86 1,170.26 1,696.10 142.28 309.4 1,806.07 651.33 1,154.74 3,302.52

96 9 35 51 4 9 54 19 34 100

3,002.45 73.14 1,084.34 1,844.97 46.86 300.29 1,478.94 453.62 1,025.32 3,217.44

93 2 33 57 1 9 45 14 31 100

INTERPRITATION Unsecured loan

In financial year 2010-11 there is portion of unsecured loan is 1% . where as in the financial year 2009-10 there is a portion of unsecured loan is 4.41%.

Investment
In the financial year 2009-10 there is portion of investment is 9% of total assets. Where as in the financial year 2010-11 there is portion of investment is 9% of the toyal assets.

Net current assets

In financial year 2009-10 there is negative portion of net current assets 45% of total assets because the reason of current liability is more than current assets.

Trend Analysis Of PROFIT & LOSS ACCOUNT Particular

Operating income Expenses Material consumed Manufacturing expenses Personnel expenses Selling expenses Adminstrative expenses Expenses capitalized

Mar ' 11
113.59 127.67 105.77 111.88 42.21 56.28

Mar ' 10
98.80 110.80 88.88 98.4 40.34 62.77

Mar ' 09
100.00 100.00 100 100 100 100

Cost of sales Operating profit Other recurring income Adjusted PBDIT Financial expenses Depreciation Other write offs Adjusted PBT Tax charges Adjusted PAT Non recurring items Other non cash adjustments Reported net profit Earnigs before appropriation

109.18 149.38 34.88 129.94 100.59 95.17 -266.13

96.14 120.37 71.71 112.11 99.6 93.24 -75.31

100.00 100 100 100 100 100 100 100 100 100 100 100 100

-58.49 23.83 -105.33 146.34

-29.82 2.53 -40.63 108.78

INTERPRITATION Net sales

There is decrease of net sales in the financial year 2007-08 of 13.70% , 2008-09 of 92.36% compare to base year 2006-07. There is increase of net sales in the financial year 2009-10of 125.40% , 2010-11 of 174.64% compare to base year 2006-07.

Other income
There is increase of the total income in the financial year 2007-08 of 7538.89%, 2009-10 of 5288.89%, 2010-11 of 9198.89% compare to base year 2006-07. There is negative result in the financial year 2008-09 of -1.09 compare to the base year 2006-07.

Total income
There is decrease of total income in the financial year 2007-08 of 90.78% 2008-09 of 86.81% compare to base year. There is increase in 2009-10 of 119.00%, 2010-11 of 177.35 in compare to base year 2006-07.

PBDIT (profit before depreciation interest and tex)

There is decrease of PBDIT in the financial year 2007-08 of 66.18, 2008-09 of 57.45 compare to base year 2006-07. There is increase of PBDIT in the financial year 2009-10 of 134.03, 2010-11 of 233.59 compare to base year 2006-07.

Horizontal Analysis Of Profit & Loss A/C Particular

Operating income Expenses Material consumed Manufacturing expenses Personnel expenses Selling expenses Adminstrative expenses Expenses capitalized

Mar ' 11
2,663.58 1,426.14 410.11 273.9 54.86 114.57

Mar ' 10
2,316.75 1,237.65 344.64 240.9 54.35 127.77

% Amount 346.83 188.49 65.47 33 0.51 -13.2 272.27 74.56 -19.36 55.2 2.12 2.36 50.72

% Change 14.97 15.22 18.99 13.69 0.93 -10.33 13.56 24.9 -51.35 15.9 0.99 2.07 253.34

Cost of sales Operating profit Other recurring income Adjusted PBDIT Financial expenses Depreciation Other write offs Adjusted PBT Tax charges Adjusted PAT Non recurring items Other non cash adjustments Reported net profit Earnigs before appropriation Equity dividend Preference dividend Dividend tax Retained earnings Sources of funds

2,279.58 384 18.34 402.34 215.44 116.16 70.74

2,007.31 309.44 37.7 347.14 213.32 113.8 20.02

62.37 1.69 134.8 449.22

31.8 0.18 52 333.91 0.76 0.13 333.02 % Amount

30.57 1.51 82.8 115.31 0.76 0.13 116.2 Mar ' 10

96.13 838.88 159.23 34.53 1 1 34.89 % Amount

449.22 Mar ' 11 254.4

Owner's fund Equity share capital Share application money Preference share capital Reserves & surplus

7.7

231.98 7.57 1,107.31

7.21 0.23 34.4

1,236.00

53

INTERPRITATION Operating income

There is huge operating income of change amount Rs 346.83 ( % change 14.97) compare to previous year.

Cost of sales
There is cost of sales change amount 272.27(% change 13.56) ) compare to previous yea

Selling expenses
There is increase in selling expenses of % change 0.93( change amount Rs 0.51) compare to previous year.

Administrative expenses
There is increase in administrative expenses % change -10.33(change amount -13.2)

Balance sheet
Mar ' 11 Sources of funds Owner's fund Equity share capital Share application money Preference share capital Reserves & surplus 25z4.40 231.98 7.57 1,236.00 1,107.31 218.98 21.32 19.80 919.82 Mar ' 10 Mar ' 09

Loan funds
Secured loans Unsecured loans Total 1,763.23 48.89 3,302.52 1,728.73 141.85 3,217.44 1,920.90 103.04 3,203.86

Uses of funds

Fixed assets Less : revaluation reserve Less : accumulated depreciation Net block Capital work-in-progress Investments

3,172.22 305.86 1,170.26 1,696.10 142.28 309.40

3,002.45 73.14 1,084.34 1,844.97 46.86 300.29

3,056.80 13.88 1,014.51 2,028.41 81.58 100.06

Net current assets

Current assets, loans & advances Less : current liabilities & provisions Total net current assets Miscellaneous expenses not written Total

1,806.07 651.33 1,154.74 3,302.52

1,478.94 453.62 1,025.32 3,217.44

1,592.51 608.77 983.74 10.07 3,203.86

Notes:

Book value of unquoted investments Market value of quoted investments Contingent liabilities Number of equity sharesoutstanding (Lacs)

328.15 14.96 682.29 2543.99

324.38 9.62 301.99 2319.78

127.26 6.51 241.34 2189.78s

Profit & Loss Account Arvind mills Ltd

Mar ' 11 Mar ' 10 Mar ' 09

Operating income Expenses Material consumed Manufacturing expenses Personnel expenses Selling expenses Adminstrative expenses Expenses capitalized

2,663.58 1,426.14 410.11 273.9 54.86 114.57

2,316.75 1,237.65 344.64 240.9 54.86 127.77

2,344.82 1,116.98 387.73 244.81 134.7 203.54

Cost of sales Operating profit Other recurring income Adjusted PBDIT Financial expenses Depreciation Other write offs Adjusted PBT Tax charges Adjusted PAT Non recurring items Other non cash adjustments Reported net profit Earnigs before appropriation Equity dividend Preference dividend Dividend tax Retained earnings

2,279.58 384 18.34 402.34 215.44 116.16 70.74

2,007.31 309.44 37.7 347.14 213.32 113.8 20.02

2,087.76 257.06 52.57 309.63 214.16 122.05 -26.58 1.86 -28.44 -106.62 7.09 -127.97 306.95 1.68 0.29 304.98

62.37 1.69 134.8 449.22

31.8 0.18 52 333.91 0.76 0.13 333.02

449.22

Trend Analysis Of Balance Sheet

Balance sheet
Mar ' 11 Sources of funds Owner's fund Equity share capital Share application money Preference share capital Reserves & surplus 109.7 8 105.9 3 35.5 120.3 8 Mar ' 10 Mar ' 09

100 100 100 100

134.3 7

Loan funds
Secured loans Unsecured loans Total 91.79 47.44 103.0 7 103.7 7 2203. 6 115.3 5 83.61 174.4 309.2 113.4 1 106.9 9 117.3 8 89.99 137.6 6 100.0 0 100.0 0 100 100.0 0 100.0 0 100 100.0 0 100.0 0 100 100 100.0 0 100 100

Uses of funds
Fixed assets Less : revaluation reserve Less : accumulated depreciation Net block Capital work-in-progress Investments

98.22 526.9 4 106.8 8 90.95 57.44 300

Net current assets

Current assets, loans & advances Less : current liabilities & provisions Total net current assets 96.69 74.51 104.2 2

INTERPRITATION trnd blnces

Equity share capital

Equity share capital (there is no preference share capital) increase in the financial year 2007-08 142.99% in compare to the base year of 2006-07 and also increase in the financial year 2010-11 285.995 in compare to the base year 2006-07

Secured loan
There is decrease of secured loan in the financial year 2007-08 of compare to base year 2006-07 and there is squirdup of secured loan in the financial year 2008-09. There Is increase of secured loans in thr financial year 2010-11 of 104.76% in compare to the base year 2006-07.

Unsecured loan
There is decrease of unsecured loan in the financial year 2007-08 of 82.81% , financial year 2008-09 of 97.94% and financial year 2009-10 of 82.7% in compare to base year but there is huge repayment of unsecured loan in the financial year 2010-11 ,so there is decrease of uncecured loan in the financial year 2010-11 of 18.82% in compare to base year.

Capital work in progress

There is huge increase in capital work in progress in financial year 2007-08 of 309.79% in compare to base year but after words there is minor increase in subsequent financial year (i.e financial year 2008-09 101.07%,2009-10 112.28% 2010-11 138.97%) compare to base year.

Fixed deposit
There is highly decrease in 2007-08 of 6.24%, 2008-09 of 5.58%,2009-10 of 5.68 compare to base year. There is highly increase of fixed deposit in the financial year 2010-11 of 1881.05 in compare to base year

Horizontal Analysis Of Balance Sheet

Mar ' 11 Mar ' 10 % % Change

Amount Sources of funds Owner's fund Equity share capital Share application money Preference share capital Reserves & surplus

254.4

231.98 7.57

22.42 10.47 100 11.62

1,236.0 0

1,107.3 1 128.69

Loan funds
Secured loans Unsecured loans Total 1,763.2 3 48.89 3,302.5 2 3,172.2 2 305.86 1,170.2 6 1,696.1 0 142.28 309.4 1,806.0 7 651.33 1,154.7 4 3,302.5 2 328.15 14.96 682.29 2543.99 1,728.7 3 34.5 141.85 -92.96 3,217.4 4 85.08 3,002.4 5 73.14 1,084.3 4 1,844.9 7 46.86 300.29

1.99 -65.53 2.64 5.65 318.18 7.92 -8.06 203.62 3.03 22.11 43.58 12.62 2.64 1.16 55.50 125.93 9.66

Uses of funds
Fixed assets Less : revaluation reserve Less : accumulated depreciation Net block Capital work-in-progress Investments

169.77 232.72 85.92 -148.87 95.42 9.11

Net current assets

Current assets, loans & advances Less : current liabilities & provisions Total net current assets Miscellaneous expenses not written Total 1,478.9 4 327.13 453.62 197.71 1,025.3 2 129.42 3,217.4 4 85.08 324.38 9.62 301.99 2319.7 8

Notes:
Book value of unquoted investments Market value of quoted investments Contingent liabilities Number of equity sharesoutstanding (Lacs)

3.77 5.34 380.3 224.21

INTERPRITATION Equity share capital

There is increase in equty share capital 10.47%(amount 22.42) in compare to previous year (i.e isse of right share in the proportion 1:1)

Unsecured loan
There is huge repayment of unsecured loan of rs. -92.96( % change -65.53%) compare to previous year.

Fixed Assets
There is highly increase of fixed deposit of 5.65% (% change amount 169.77) compare to previous year.

Investment
There is decrease in investment 9.11 amt (% Change 3.03)

Vertical Analysis Of Balance Sheet Particular

Loan funds Secured loans Unsecured loans Total Uses of funds Fixed assets Less : revaluation reserve Less : accumulated depreciation Net block Capital work-in-progress Investments Net current assets Current assets, loans & advances Less : current liabilities & provisions Total net current assets Miscellaneous expenses not written Total 2010-11 1,763.23 48.89 3,302.52

%change
53 1 100

2009-19 1,728.73 141.85 3,217.44

% change
53.72 4.41 100

3,172.22 305.86 1,170.26 1,696.10 142.28 309.4 1,806.07 651.33 1,154.74 3,302.52

96 9 35 51 4 9 54 19 34 100

3,002.45 73.14 1,084.34 1,844.97 46.86 300.29 1,478.94 453.62 1,025.32 3,217.44

93 2 33 57 1 9 45 14 31 100

INTERPRITATION Unsecured loan

In financial year 2010-11 there is portion of unsecured loan is 1% . where as in the financial year 2009-10 there is a portion of unsecured loan is 4.41%.

Investment
In the financial year 2009-10 there is portion of investment is 9% of total assets. Where as in the financial year 2010-11 there is portion of investment is 9% of the toyal assets.

Net current assets

In financial year 2009-10 there is negative portion of net current assets 45% of total assets because the reason of current liability is more than current assets.

Trend Analysis Of PROFIT & LOSS ACCOUNT Particular

Operating income Expenses Material consumed Manufacturing expenses Personnel expenses Selling expenses Adminstrative expenses Expenses capitalized

Mar ' 11
113.59 127.67 105.77 111.88 42.21 56.28

Mar ' 10
98.80 110.80 88.88 98.4 40.34 62.77

Mar ' 09
100.00 100.00 100 100 100 100

Cost of sales Operating profit Other recurring income Adjusted PBDIT Financial expenses Depreciation Other write offs Adjusted PBT Tax charges Adjusted PAT Non recurring items Other non cash adjustments Reported net profit Earnigs before appropriation

109.18 149.38 34.88 129.94 100.59 95.17 -266.13

96.14 120.37 71.71 112.11 99.6 93.24 -75.31

100.00 100 100 100 100 100 100 100 100 100 100 100 100

-58.49 23.83 -105.33 146.34

-29.82 2.53 -40.63 108.78

INTERPRITATION Net sales

There is decrease of net sales in the financial year 2007-08 of 13.70% , 2008-09 of 92.36% compare to base year 2006-07. There is increase of net sales in the financial year 2009-10of 125.40% , 2010-11 of 174.64% compare to base year 2006-07.

Other income
There is increase of the total income in the financial year 2007-08 of 7538.89%, 2009-10 of 5288.89%, 2010-11 of 9198.89% compare to base year 2006-07. There is negative result in the financial year 2008-09 of -1.09 compare to the base year 2006-07.

Total income
There is decrease of total income in the financial year 2007-08 of 90.78% 2008-09 of 86.81% compare to base year. There is increase in 2009-10 of 119.00%, 2010-11 of 177.35 in compare to base year 2006-07.

PBDIT (profit before depreciation interest and tex)

There is decrease of PBDIT in the financial year 2007-08 of 66.18, 2008-09 of 57.45 compare to base year 2006-07. There is increase of PBDIT in the financial year 2009-10 of 134.03, 2010-11 of 233.59 compare to base year 2006-07.

Horizontal Analysis Of Profit & Loss A/C Particular

Operating income Expenses Material consumed Manufacturing expenses Personnel expenses Selling expenses Adminstrative expenses Expenses capitalized

Mar ' 11
2,663.58 1,426.14 410.11 273.9 54.86 114.57

Mar ' 10
2,316.75 1,237.65 344.64 240.9 54.35 127.77

% Amount 346.83 188.49 65.47 33 0.51 -13.2 272.27 74.56 -19.36 55.2 2.12 2.36 50.72

% Change 14.97 15.22 18.99 13.69 0.93 -10.33 13.56 24.9 -51.35 15.9 0.99 2.07 253.34

Cost of sales Operating profit Other recurring income Adjusted PBDIT Financial expenses Depreciation Other write offs Adjusted PBT Tax charges Adjusted PAT Non recurring items Other non cash adjustments Reported net profit Earnigs before appropriation Equity dividend Preference dividend Dividend tax Retained earnings Sources of funds

2,279.58 384 18.34 402.34 215.44 116.16 70.74

2,007.31 309.44 37.7 347.14 213.32 113.8 20.02

62.37 1.69 134.8 449.22

31.8 0.18 52 333.91 0.76 0.13 333.02 % Amount

30.57 1.51 82.8 115.31 0.76 0.13 116.2 Mar ' 10

96.13 838.88 159.23 34.53 1 1 34.89 % Amount

449.22 Mar ' 11 254.4

Owner's fund Equity share capital Share application money Preference share capital Reserves & surplus

7.7

231.98 7.57 1,107.31

7.21 0.23 34.4

1,236.00

53

INTERPRITATION Operating income

There is huge operating income of change amount Rs 346.83 ( % change 14.97) compare to previous year.

Cost of sales
There is cost of sales change amount 272.27(% change 13.56) ) compare to previous yea

Selling expenses
There is increase in selling expenses of % change 0.93( change amount Rs 0.51) compare to previous year.

Administrative expenses
There is increase in administrative expenses % change -10.33(change amount -13.2)