Cash Management

A Summer Training Project Report on

“Working Capital Management of Eveready Industry Ltd.”

In Bhopal city

Submitted for The partial fulfillment of

The Master of Business Administration program of

Barakatullah University BhopalSubmitted by:

Ravinder Pal Singh GambhirMBA IIIrd Semester8th Batch 2011-13

Under the Supervision

of

Ms. Priyanka TanwarAssistant Professor

Oriental College of Management Bhopal (M.P)

2013

1

Certificate

This is to certify that Javed Khan a student of MBA IIIrd semester, Oriental college of

Management, Bhopal, has completed the summer training project report entitled “Cash

Management Of Triwin Infra” in Bhopal city, under my supervision in partial fulfillment of

the MASTER OF BUSINESS ADMINISTRATION PROGRAM of Barakatullah university

Bhopal.

Mr. Manoj Kumar

Assistant Professor

OCM BHOPAL

Date:

Place:Bhopal

2

DECLARATION

I hereby declare that the project report entitled “Cash Management Of Triwin Infra” submitted

for the degree of Master of business Administration, is my original work and the Project report

has not formed the basis for the award of any diploma degree, associate ship, fellowship or

similar other titles. It has not been submitted to any other university or institution for award of

any degree or diploma.

.

Javed Khan

MBA III sem

3

ACKNOWLEDGEMENT

As any one who has written a project work, or research work, it is quite impossible to

acknowledge by name every individual who has played some part in this work. I feel it difficult

to express in words my profound sense of gratitude to most respected persons who helped mw to

make this work possible.

This project report is a sincere attempt to carefully and systematically gather facts about “Cash

Management in Triwin Infra” as part of course curriculum of Master of Business Administration

(MBA) degree. I acknowledge my gratitude to respected Director Dr. Chandra Lata Singh has

been kind enough to suggest improvement of this work and make it broad based.

I would like to express my sincere regards and thanks to Mrs. Sikha Bhargav (HOD) my

project supervisor Mr. Manoj Kumar and my entire faculty members for their guideline and

support.

I would like to thanks everyone who gives their contribution to my project. Specially Mr. Tarun

Banerjee (activation head), who help to understand market situation during the internship

program.

Finally of course great debts are owed to my all friends and family whose wholehearted support

has given me the inspiration and dedication to complete this work.

4

PREFACE

The research provides an opportunity to a student to demonstrate application of his / her

knowledge , skill and competencies required during the technical session . Research also helps

the students to devote his /her skill to analyze the problem to suggest alternative solutions, to

evaluate them and to provide feasible recommendation on the provided data.

The research is on the topic of “ CASH MANAGEMENT OF TRIWIN INFRA “

“. Although I have tried my level best to prepare this report an error free report every effort has

been made to offer the most authentic position with accuracy.

5

CONTENTS

Chapter no. Topic Page no

1. Introduction 7-15

2. Company profile 16-23

3. Objective 24-25

4. Research methodology 26-28

5. Data analysis and interpretation 29-37

6. Observation and findings 38-39

7. Conclusion 40-41

8. Suggestion 42-43

Bibliography 44-45

Annexure 46-47

6

Chapter - IIntroduction

7

INTRODUCTION

Cash the most liquid assets is of vital importance to the daily operations of business firms

cash is the basic input needed to keep business running on a continuous basic it is also the

ultimate output expected to be realized by selling the service or the product manufactured

by the firm. In view of its importance, it is referred to as lifeblood of a business

enterprise.

The firm needs cash for two primary reasons:

(a) to meet the needs of day-to-day transactions.

(b) To protect the firm against uncertainties characterizing its cash flow.

The firm should keep sufficient cash; neither more nor less, cash shortage will disrupt the

firms manufacturing operation, while excessive cash will simply remain idle without

contributing anything towards the firm profitability. Thus a major function of a financial

manager is to maintain a sound cash position.

Cash management is concerned with the managing of:

(a) Cash flows into and out of the firm.

(b) Cash flow within the firm.

(c) Cash balances held by the firm at a point of by financing deficit or investing

surplus cash.

Cash management is a broad term that refers to the collection, concentration, and

disbursement of cash. The goal is to manage the cash balances of an enterprise in such a

way as to maximize the availability of cash not invested in fixed assets or inventories and

to do so in such a way as to avoid the risk of insolvency. Factors monitored as a part of

cash management include a company's level of liquidity, its management of cash

balances, and its short-term investment strategies.

8

In some ways, managing cash flow is the most important job of business managers. If at

any time a company fails to pay an obligation when it is due because of the lack of cash,

the company is insolvent. Insolvency is the primary reason firms go bankrupt. Obviously,

the prospect of such a dire consequence should compel companies to manage their cash

with care. Moreover, efficient cash management means more than just preventing

bankruptcy. It improves the profitability and reduces the risk to which the firm is

exposed.

Cash management is particularly important for new and growing businesses. Cash flow

can be a problem even when a small business has numerous clients, offers a product

superior to that offered by its competitors, and enjoys a sterling reputation in its industry.

Companies suffering from cash flow problems have no margin of safety in case of

unanticipated expenses. They also may experience trouble in finding the funds for

innovation or expansion. It is, somewhat ironically, easier to borrow money when you

have money. Finally, poor cash flow makes it difficult to hire and retain good employees.

It is only natural that major business expenses are incurred in the production of goods or

the provision of services. In most cases, a business incurs such expenses before the

corresponding payment is received from customers. In addition, employee salaries and

other expenses drain considerable funds from most businesses. These factors make

effective cash management an essential part of any business's financial planning. Cash is

the lifeblood of a business. Managing it efficiently is essential for success.

When cash is received in exchange for products or services rendered, many small

business owners, intent on growing their company and tamping down debt, spend most or

all of these funds. But while such priorities are laudable, they should leave room for

businesses to absorb lean financial times down the line. The key to successful cash

management, therefore, lies in tabulating realistic projections, monitoring collections and

9

disbursements, establishing effective billing and collection measures, and adhering to

budgetary restrictions.

Cash is money that is easily accessible either in the bank or in the business. It is not

inventory, it is not accounts receivable, and it is not property. These might be converted

to cash at some point in time, but it takes cash on hand or in the bank to pay suppliers, to

pay the rent, and to meet the payroll. Profit growth does not always mean more cash.

Profit is the amount of money you expect to make if all customers paid on time and if

your expenses were spread out evenly over the time period being measured. However, it

is not your day-to-day reality. Cash is what you must have to keep the doors of your

business open. Over time, a company's profits are of little value if they are not

accompanied by positive net cash flow. You can't spend profit; you can only spend cash.

Cash Flow refers to the flow of cash into and out of a business over a period of time. The

outflow of cash is measured by the money you pay every month to salaries, suppliers, and

creditors. The inflows are the cash you receive from customers, lenders, and investors.

Positive Cash Flow

If the cash coming into the business is more than the cash going out of the business, the

company has a positive cash flow. A positive cash flow is very good and the only

concern here is managing the excess cash prudently.

Negative Cash Flow

If the cash going out of the business is more than the cash coming into the business, the

company has a negative cash flow. A negative cash flow can be caused by a number of

problems that result in a shortage of cash, such as too much or obsolete inventory, or poor

collections on accounts receivable. If the company doesn't have money in the bank or

can't borrow additional cash at this point, it may be in serious trouble.

10

A Cash Flow Statement is typically divided into three components so that you can see

and understand both the internal and external sources and uses of cash.

Operating Cash Flow (Internal)

Operating cash flow, often referred to as working capital, is the cash flow generated from

internal operations. It is the cash generated from sales of the product or service of your

business. Because it is generated internally, it is under your control.

Investing Cash Flow (Internal)

Investing cash flow is generated internally from non-operating activities. This component

would include investments in plant and equipment or other fixed assets, nonrecurring

gains or losses, or other sources and uses of cash outside of normal operations.

Financing Cash Flow (External)

Financing cash flow is the cash to and from external sources, such as lenders, investors

and shareholders. A new loan, the repayment of a loan, the issuance of stock and the

payment of dividend are some of the activities that would be included in this section of

the cash flow statement.

Good cash management means:

Knowing when, where, and how your cash needs will occur,

Knowing what the best sources are for meeting additional cash needs; and,

Being prepared to meet these needs when they occur, by keeping good relationships with

bankers and other creditors.

The starting point for avoiding a cash crisis is to develop a cash flow projection. Smart

business owners know how to develop both short-term (weekly, monthly) cash flow

projections to help them manage daily cash, and long-term (annual, 3-5 year) cash flow

projections to help them develop the necessary capital strategy to meet their business

needs. They also prepare and use historical cash flow statements to gain an understanding

about where all the money went.

11

OBJECTIVE OF CASH MANAGEMENT

To meet day-to-day business requirement.

To provide for schedule major payment i.e. capital expenditure.

To face unexpected cash drain.

To maintain image of credit worthiness.

To seize potential opportunities for profitable long-term investments.

To meet requirement of bank relationship.

Efficient cash management function calls for cash planning, evaluation of benefits and

cash inflows and outflows. This or achieving goals and objectives of cash management,

finance manager has to plan cash needs of the firms followed by cash flow management

determination of optimum level of cash and finally investment of surplus.

Cash planning: -cash planning is a technique to plant and control the use of cash. It

protects the financial condition of the firm by developing a projected cash statement from

forecast of expected cash inflows and outflows for a given period.

The forecast may be based on the present operation or the anticipated future may be

based on the present operation or the anticipated operation.

Cash plants are very crucial in developing the overall operating plans of the firm.

Cash planning may be done on daily. Weekly or monthly basis. The period and frequency

of cash planning depends the size of the firm and philosophy of management.

System of cash management: The very important methods to speed up collection

process are (1.) concentration banking and (2.) lock-box system.

(1.)Concentration banking: in concentration banking the company establishes a number

of strategic collection centers in different regions instead of a single collection center

at a head office.

12

(2.)Lock-box system: another means to accelerate the flow of funds is a lock box

system. With concentration banking, remittances are received by a collection center

and deposited in the bank after processing.

Under this arrangement, the company rents the local post office box and authorizes its

bank at each of the locations to pick up remittances in the boxes. The cost is almost

directly proportional to the number of cheques deposited. Lock box arrangements are

usually not profitable if the average remittance is small.

Different kinds of float with reference to management of cash: The term float is used

to refer to the periods that affect cash as it moves though the different stages of the

collection process. Four kinds of float with reference to management of cash are:

Billing float: - an invoice is the formal document that a seller prepares and sends to

the purchaser as the payment request for goods sold or services provided. The time

between the sale and the mailing of the invoice is the billing float.

Mail float: - this is the time when a cheque is being processed by post office,

messenger service or other means of delivery.

Cheque processing float: this is the time required for the seller to sort, record and

deposit the cheque after it has been received by the company.

Bank processing float: this is the time from the deposit of the cheque to the crediting

of funds in the sellers account.

Cash management in a highly centralized organization: A highly centralized

organization implies that the decision- making authority tends to concentrate with top the

management at the head office. The head office controls the various divisions closely.

Such a form of organization requires quick and effective information links. The

centralized cash control system in the organization ensures that:

Cash is collected speedily from the various centers, each of which should have

optimum liquidity to meet its needs, and

Cash in excess of requirements is speedily invested.

13

Advantages of centralized cash system:

Excess cash at various units can be effectively used for various purpose and

improvements.

Deficit of cash at various units can be sorted out through centralized system.

Ideal cash at various units may be noted or avoided.

Cash management in a highly decentralized organization: Cash management in a

centralized organization is based upon centralized control over cash inflows and

outflows. In a decentralized organization this may not be possible on account of the

relatively independent authority that each divisional manager enjoys. Hence, cash

management in such an organization has different characteristics.

14

15

CHAPTER-II

COMPANY PROFILE

16

COMPANY PROFILE

Looking back, looking forward

Reliance Group, an offshoot of the Group founded by Shri Dhirubhai H Ambani (1932-

2002), ranks among India’s top three private sector business houses in terms of net worth.

The group has business interests that range from telecommunications (Reliance

Communications Limited) to financial services (Reliance Capital Ltd) and the generation

and distribution of power (Reliance Infrastructure Limited).

Reliance Group’s flagship company, Reliance Communications, is India's largest private

sector information and communications company, with over 150 million subscribers. It

has established a pan-India, high-capacity, integrated (wireless and wireline), convergent

(voice, data and video) digital network, to offer services spanning the entire infocomm

value chain.

Other major group companies — Reliance Capital and Reliance Infrastructure — are

widely acknowledged as the market leaders in their respective areas of operation.

17

GROUP PROFILE

The Late Dhirubhai Ambani dreamt of a digital India — an India where the common man

would have access to affordable means of information and communication. Dhirubhai,

who single-handedly built India’s largest private sector company virtually from scratch,

had stated as early as 1999: “Make the tools of information and communication available

to people at an affordable cost. They will overcome the handicaps of illiteracy and lack of

mobility.”

It was with this belief in mind that Reliance Communications (formerly Reliance

Infocomm) started laying 60,000 route kilometres of a pan-India fibre optic backbone.

This backbone was commissioned on 28 December 2002, the auspicious occasion of

Dhirubhai’s 70th birthday, though sadly after his unexpected demise on 6 July 2002.

Reliance Communications has a reliable, high-capacity, integrated (both wireless and

wireline) and convergent (voice, data and video) digital network. It is capable of

delivering a range of services spanning the entire infocomm (information and

communication) value chain, including infrastructure and services — for enterprises as

well as individuals, applications, and consulting.

Today, Reliance Communications is revolutionising the way India communicates and

networks, truly bringing about a new way of life.

18

VISION

19

MISSION

We will create world-class benchmarks by:

Meeting and exceeding Customer expectations with a segmented approach

Establishing, re-engineering and automating Processes to make them customer

centric, efficient and effective

Incessant offering of Products and Services that are value for money and excite

customers

Providing a Network experience that is best in the industry

Building Reliance into an iconic Brand which is benchmarked by others and leads

industry in Intention to Purchase and Loyalty

Developing a professional Leadership team that inspires, nurtures talent and

propagates RCOM Values by personal example.

20

MOBILE

Business

India ’s leading integrated telecom company Reliance Communications is the flagship

company of the Reliance Group. Listed on the National Stock Exchange and the Bombay

Stock Exchange, it is India’s leading integrated telecommunication company with over

150 million customers.

Our business encompasses a complete range of telecom services covering mobile and

fixed line telephony. It includes broadband, national and international long distance

services and data services along with an exhaustive range of value-added services and

applications. Our constant endeavour is to provide an enhanced customer experience and

achieve customer satisfaction by upscaling the productivity of the enterprises and

individuals we serve.

Reliance Mobile (formerly Reliance India Mobile), launched on 28 December 2002,

coinciding with the joyous occasion of the late Dhirubhai Ambani’s 70th birthday, was

among the initial initiatives of Reliance Communications. It marked the auspicious

beginning of Dhirubhai’s dream of ushering in a digital revolution in India. Today, we

can proudly claim that we were instrumental in harnessing the true power of information

and communication, by bestowing it in the hands of the common man at affordable rates.

We endeavour to further extend our efforts beyond the traditional value chain by

developing and deploying complete telecom solutions for the entire spectrum of society.

21

Wireless

Reliance Mobile

With over 150 million subscribers across India, Reliance Mobile is India’s largest mobile

service brand. Reliance Mobile services now cover over 24,000 towns, 6 lakh villages,

and still counting.

We have achieved many milestones in this short journey. In 2003, AC Nielsen voted

Reliance Mobile (formerly Reliance India Mobile) as India’s Most Trusted Telecom

Brand. In July 2003, it created a world record by adding one million subscribers in a

matter of just 10 days through its ‘Monsoon Hungama’ offer.

What sets Reliance Mobile apart is the fact that nearly 90 per cent of our handsets are

data-enabled, and can access hundreds of Java applications on Reliance Mobile World.

Reliance Mobile has ushered in a mobile revolution by offering advanced multimedia

handsets to the common man at very affordable rates. This innovative low pricing has

increased the number of mobile phone users and its result is clearly reflected in the

meteoric rise in India’s tele-density over the past four years.

Our pan-India wireless network runs on CDMA2000 1x technology, which has superior

voice and data capabilities compared to other cellular mobile technologies. CDMA2000

1x is more cost-effective as it utilises the scarce radio spectrum more efficiently than

other technologies do. Enhanced voice clarity, superior data speed of up to 144 kbps and

seamless migration to newer generations of mobile technologies are some of its key

differentiators.

22

R World

The R World suite of Reliance Mobile is a unique Java-based application. Its uniqueness

lies in the fact that it enables complex Internet application to be introduced in mobile

phones effectively and quickly. R World receives over 1.5 billion page views per month

from Reliance Mobile users.

R World offers a wide array of applications that include hourly news updates, high

quality headline video clips, downloadable multi-lingual ring tones, seasonal updates

including festival specials, city and TV specials, exam results, astrology, mobile banking,

bill payment.

With over 150 data applications offering varied services - unique to any wireless service

in India - R World is truly a treasure house of knowledge, information, entertainment and

commerce.

23

CHAPTER - III

OBJECTIVES

24

OBJECTIVE

Primary Objective:

To analyze the cash management system in Triwin Infra.

Secondary Objective:

To analyze the Opening and Closing Cash Equivalents in Triwin Infra.

To analyze the profit before tax of Triwin Infra.

To evaluate the liquidity position of the Triwin Infra.

To analysis the profitability of the Triwin Infra.

25

CHAPTER - IV

RESEARCH

METHODOLOGY

26

RESEARCH METHODOLOGY

This study helps to analyze the Cash Management in Reliance Communications. This

study is constructed on the basis of descriptive design.

METHODS OF DATA COLLECTION

Basically there are methods of data collection they are:

Primary data

Secondary data

To achieve the objective, information is collected through secondary data. Secondary

data one those which have been already been collected. it may be published or

unpublished data.

Some of the data are collected through visit and personal observation. But mainly data

are collected form financial statement (annual report) of BSNL. all the information which

are collected, through data are analyzed interpreted and tabulated to full fill be objective.

In this study I have used Secondary Data.

27

TOOLS OF ANALYSIS

It is essential to use a systematic research methodology for the assessment of a project

because without the use of a research methodology analysis of any company or

organization will not be possible.

In the present analysis mostly secondary data have been used. It is worth a while to

mention that I have used the following types of published data :

Balance Sheet

Profit & Loss A/c

Prospectus of the Company

General Body meeting reports

Schedules

Cash Statements

LIMITATIONS OF THE STUDY

The research work is mainly based on secondary data that is, it is based on audited

accounts and its audited accounts are ambiguous then the result will be misleading.

Less importance has been given to primary data which is actually the original data and

more reliable.

The research work is completed in five months, which is not enough for any type of

proper and reliable research work.

28

CHAPTER - V

DATA ANALYSIS

&

INTERPRETATION

29

DATA ANALYSIS & INTERPRETATION

CASH FLOW

Mar '12 Mar '11 Mar '10 Mar '09 Mar '08

Net Profit Before Tax 155.00 -859.51 619.47 4815.07 2604.09

Net Cash From Operating

Activities3338.00 725.56 1043.88 1884.87 2982.80

Net Cash (used in)/from

Investing Activities-2115.00 -2800.94 4339.32 -7650.54 -11263.87

Net Cash (used in)/from

Financing Activities-4859.00 5807.12 -5868.66 6405.25 6234.75

Net (decrease)/increase In

Cash and Cash Equivalents-3636.00 3731.74 -485.46 639.58 -2046.32

Opening Cash & Cash

Equivalents3814.00 81.47 567.64 205.57 2240.40

Closing Cash & Cash

Equivalents178.00 3813.21 82.18 845.15 192.66

30

NET PROFIT BEFORE TAX


Net Profit Before Tax 2604.09 4815.07 619.47 -859.51 155.00


-2000

-1000

0

1000

2000

3000

4000

5000

6000

Interpretation:

Net Profit Margin of Reliance Communication increased during the year 2012 and in the

year 2011 it was -859.51. This is a good sign for the company.

31

NET CASH FROM OPERATING ACTIVITIES


Net Cash From

Operating Activities

2982.80 1884.87 1043.88 725.56 3338.00


500

1000

1500

2000

2500

3000

3500

4000

Interpretation:

Net Cash from Operating Activities increased during the year 2012. In the year 2012 it

was 3338.00 crores and in the year 2011 it was 725.56.

32

NET CASH (USED IN)/FROM INVESTING ACTIVITIES


NET CASH (Used

In)/From Investing

Activities)

-11263.87 -7650.54 4339.32 -2800.94 -2115.00


-14000

-12000

-10000

-8000

-6000

-4000

-2000

0

2000

4000

6000

Interpretation:

Net Cash Used in from Investing activities is in negative. In the year 2012 it was -

2115.00 crores and in the year 2011 it was -2800.94.

33

NET CASH (USED IN)/FROM FINANCING ACTIVITIES


NET CASH (Used

In)/From Investing

Activities)

6234.75 6405.25 -5868.66 5807.12 -4859.00


-8000

-6000

-4000

-2000

0

2000

4000

6000

8000

Interpretation:

Net Cash (Used In) /From Investing Activities of the company decreased during the year

2012 which is good for the company.

34

NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS


Net

(decrease)/increase In

Cash and Cash

Equivalents

-2046.32 639.58 -485.46 3731.74 -3636.00


-5000

-4000

-3000

-2000

-1000

0

1000

2000

3000

4000

5000

Interpretation:

Net Cash and Cash Equivalents decreased during the year 2012 it was -3636.00.

35



Opening Cash & Cash

Equivalents

192.66 845.15 82.18 3813.21 178.00


500

1000

1500

2000

2500

3000

3500

4000

4500

Interpretation:

Operating Cash and Cash Equivalents decreased during the year 2012. In the year March

2012 it was 178.00.

36



Closing Cash & Cash

Equivalents

192.66 845.15 82.18 3813.21 178.00


500

1000

1500

2000

2500

3000

3500

4000

4500

Interpretation:

Closing Cash and Cash Equivalents decreased during the year 2012. In the year 2012 it

was 178 Crores in the year 2011 it was Rs. 3813.21 crores.

37

CHAPTER - VI

OBSERVATIONS &

FINDINGS

38

OBSERVATIONS & FINDINGS

Net Profit Margin of Reliance Communication increased during the year 2012 and

in the year 2011 it was -859.51. This is a good sign for the company.

Net Cash from Operating Activities increased during the year 2012. In the year

2012 it was 3338.00 crores and in the year 2011 it was 725.56

Net Cash Used in from Investing activities is in negative. In the year 2012 it was -

2115.00 crores and in the year 2011 it was -2800.94.

Net Cash (Used In) /From Investing Activities of the company decreased during

the year 2012 which is good for the company.

Net Cash and Cash Equivalents decreased during the year 2012 it was -3636.00.

Operating Cash and Cash Equivalents decreased during the year 2012. In the year

March 2012 it was 178.00.

Closing Cash and Cash Equivalents decreased during the year 2012. In the year

2012 it was 178 Crores in the year 2011 it was Rs. 3813.21 crores.

39

CHAPTER - VII

CONCLUSION

40

CONCLUSION

Cash the most liquid assets is of vital importance to the daily operations of business firms

cash is the basic input needed to keep business running on a continuous basic it is also the

ultimate output expected to be realized by selling the service or the product manufactured

by the firm. In view of its importance, it is referred to as lifeblood of a business

enterprise.

Efficient cash management function calls for cash planning, evaluation of benefits and

cash inflows and outflows. This or achieving goals and objectives of cash management,

finance manager has to plan cash needs of the firms followed by cash flow management

determination of optimum level of cash and finally investment of surplus.

In this project I have studied and analyzed the cash management process of .It was found

that opening cash and cash equivalents is increasing year by year. It was found that

Closing Cash and Cash Equivalents decreased during the year 2012. In the year 2012 it

was 178 Crores in the year 2011 it was Rs. 3813.21 crores. This is not a good sign for the

company.

41

CHAPTER -VIII

SUGGESTIONS

42

SUGGESTIONS

Cash must be managed properly.

Management of the company should review the credit policy so as to reduce

accounts receivable. This could be done by taking into the consideration of

following measures:

Company should increase the collection efforts. This could be done by planning

the collection.

Company should reduce its risk by taking risk management decisions.

Company should diversify its investment in the coming years , so that it can get

proper return.

43

BIBLIOGRAPHY

44

BIBLIOGRAPHY

Books :

Kothari C.R;”Research methodology-methods & techniques”, second edition, vishwa

prakashan Delhi(1990).

Gupta Sunita, Management of Working Capital,First Edition,New Century Publications,New

Delhi(2003).

Chandra Prasana, Financial Management,TMH, 4th Edition, 1997, New Delhi

Gupta S.P., Management Accounting, Sahitya Bhawan Pub.,2002.

Pandey I.M., Financial Management,Seventh Edition,Vikas Publishing House, New Delhi.

Websites:

www.ramco.com

www.myiris.com

www.ibef.org

45

ANNEXURE

46

Annexure

Cash Management Of Triwin Infra-------------------

in Rs. Cr. -------------------


12mnths12mnths 12mnths 12mnths 12mnths

Income Sales Turnover 1,033.31 1,002.26 1,018.46 925.31 946.36Excise Duty 54.09 51.09 44.31 67.98 99.18Net Sales 979.22 951.17 974.15 857.33 847.18Other Income -74.2 8.31 97.69 2.05 3.54Stock Adjustments 16.09 -17.58 26.29 -34.93 20.44Total Income 921.11 941.9 1,098.13 824.45 871.16Expenditure Raw Materials 661.88 585.13 619.39 517.34 580.89Power & Fuel Cost 12.93 11.15 11.58 12.36 13.2Employee Cost 89 87.75 75.99 79.11 70.54Other Manufacturing Expenses 0 8.64 8.85 9.24 10.06Selling and Admin Expenses 0 131.76 145.78 110.62 110.16Miscellaneous Expenses 179.28 15.74 12.19 14.92 19.2Preoperative Exp Capitalised 0 -0.26 -0.67 -4.25 -2.56Total Expenses 943.09 839.91 873.11 739.34 801.49


12mnths12mnths 12mnths 12mnths 12mnths

Operating Profit 52.22 93.68 127.33 83.06 66.13PBDIT -21.98 101.99 225.02 85.11 69.67Interest 36.09 33.28 35.15 42.09 53.92PBDT -58.07 68.71 189.87 43.02 15.75Depreciation 24.18 24.53 24.13 24.94 27.63Other Written Off 0 0 3 2.79 2.17Profit Before Tax -82.25 44.18 162.74 15.29 -14.05Extra-ordinary items 3.22 2.04 1.25 5.94 9.64PBT (Post Extra-ord Items) -79.03 46.22 163.99 21.23 -4.41

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Tax 0.81 6.85 21.78 1.83 14.91Reported Net Profit -79.85 39.37 142.21 19.4 -19.32Total Value Addition 281.21 254.78 253.71 222 220.6Preference Dividend 0 0 0 0 0Equity Dividend 0 3.63 3.63 0 0Corporate Dividend Tax 0 0.59 0.6 0 0Per share data (annualised) Shares in issue (lakhs) 726.87 726.87 726.87 726.87 726.87Earning Per Share (Rs) -10.99 5.42 19.56 2.67 -2.66Equity Dividend (%) 0 10 10 0 0Book Value (Rs) 81 90.74 85.82 66.48 63.81

Source : Dion Global Solutions Limited

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