Kansai Nerolac Balance Sheet

8/6/2019 Kansai Nerolac Balance Sheet

1/19

By

Group IAnvesh

Sameer

Rajat

Alex

Arun


2/19

About KNPL

Kansai Nerolac Paints Ltd. (KNPL), a subsidiary of KansaiPaint, Japan was established in the year 1920.

It is the second largest coating company in India and the

market leader in Industrial Coatings. KNPL has a pan-India presence and serves its customers

through its 74 sales locations and 5 factories.

The manufacturing operations extend across India and are

located in Bawal in haryana, Lote in Maharashtra, Jainpurin UP, Chennai and hosur in Tamil Nadu


3/19

Products of KNPL

For the Industrial Coatings, KNPL has a seriesof products in the Automotive, Powder andLiquids domain.

For the Decorative business, the organizationis known for its innovative products andservices and has many firsts to its credit like

launch of low Volatile Organic Compound(VOC), low odour and lead free(no addedlead) paints.


4/19

History of financial performance


5/19

Balance Sheet Long term Liabilities &

Owners Equity


6/19

Sources of funds

Share Holders' FundsShare Capital

No. of shares issued and paid up 5,38,91,972

Face value per share 10

Total 5389.20 lacs

Reserves

Capital Reserve 30.37Share Premium Account 1255.55

General Reserve 35345.71

Total 36631.63 lacs

Surplus from P/L Account 49595.87 lacs

Long Term LiabilitiesSecured Loans 811.41

Unsecured Loans 7436.99

Total 8248.40 lacs


7/19

OwnersEquity

ShareCapital

Profits

Reserves

Loans

Secured

Loans

Unsecured

Loans

5389.20

49595.87

35345.71

91616.70

811.41 7436.99

8248.40

+

TotalFunds

99865.10

Sources of funds


8/19

Fixed Assets:Tangible assets (Land, Buildings, Machinery etc.) - 66936.27

Intangible assets (Software) - 591.48

Total - 67527.75

Depreciation and Amortization - (39624.00)

Provision for write down in value of FA - (83.02)

Capital WIP - 7516.47

Advances for Cap Ex - 2840.99

Total Fixed Assets - 38178.19

Balance Sheet Fixed Assets


9/19

Long Term Investments - 17,480.52

Current Investments - 19,701.76

Total Investments - 37,182.28

Balance Sheet Investments &

Deferred Tax Assets

Deferred tax assets - 1,239.08

Deferred tax liabilities - 102.22Net amount - 1,341.30


10/19

Inventories - 35,410.25

Sundry Debtors Outstanding for more than 6 months - 284.19

Other Debts - 25,783.87

Provision for doubtful debts - (61.53)

Total - 26,025.99

Cash and Bank balances Cash on hand - 7.78 With scheduled banks - 3,961.28

Total - 3,969.06

Loans and advances Advances recoverable in cash or in kind - 1,721.15

Advance payment of tax net of provisions - 2,020.30

Advance payment of fringe benefit tax net - 42.39 Balance with central excise, customs, port trust - 1,239.31

Total - 5,023.15

Total Currents Assets - 70,428.45

Balance Sheet Current Assets


11/19

Liabilities

Acceptances - 1,185.75

Sundry creditors - 35,125.02

Unclaimed dividend - 43.60

Total Liabilities - 36,354.37

Provisions

Taxation net of advances - 1,380.06

Fringe benefit tax net of advances - 36.11

Proposed dividend - 5,389.19

Tax on proposed dividend - 874.26

Indirect taxes - 2,553.57

Provision for warranties - 175.00

Provision for compensated absences - 502.56Total Provisions - 10910.75

Total Current Liabilities - 47,265.12

Balance Sheet Current Liabilities

Net Current Assets(CA-CL) - 23,163.33

-


12/19

Income Statement-RevenuePaints, varnishes, enamels and powder coatings 2,48,102.23

Processing charges 147.59

Others (Including sale of scrap and agency commission) 1,069.41

Total 2,49,319.23

Rebates, discounts, allowances etc 12,744.59

Gross Sales 2,36,574.64

Excise duty 22,701.62

Other Income

Dividend from trade investments (long term) 99.23Dividend from other than trade investments : 1,541.21

Interest on other than trade investments (Gross) 192.98

Profit on sale of fixed assets 3.78

Profit on sale / redemption of investments

Long term 178.44

Current 53.92Provision for write down in value of fixed assets 16.44

Insurance and other claims 90.21

Indirect tax claims 145.16

Lease rentals 9.24

Miscellaneous income 15.48

Total 2,346.09

Total Revenue 2,38,920.73


13/19

Income Statement-Expenses

Raw materials consumed :Opening stock 8,067.06

Purchases 1,26,934.10

Sales 24.93

Closing stock 11,670.12

Packing materials consumed :

Opening stock 403.88Purchases 16782.4

Closing stock 446.68

Adjustment for stock :

Opening stock

WIP 2,021.82

FG 14,055.56Purchase of finished products 6,253.47

Closing stock

WIP 2,420.57

FG 20,678.32

Excise duty difference b/w closing stock and opng stk 746.86

Total 1,40,024.53

A. Cost of materials / products


14/19

Income Statement-ExpensesB. Employees remuneration and benefitsSalaries, wages, bonus, commission and other related expenses 8,204.60

Company's contribution to provident fund and other funds 578.53

Workmen and staff welfare expenses 381.07

Total 9,164.20

C. Operating and other expensesStores and spare parts consumed 1,571.39

Power and fuel 3,344.84

Processing charges 748.20

Repairs and maintenance 634.28

Consignment, freight and forwarding charges 9,180.85

Advertising and selling expenses 8,211.15

Cash discount 4,919.84

Other Administrative expenses 7,023.49Total 35,634.04

D. Depreciation and amortisation 4,935.48

E. Interest and finance charges 84.28

Total Expenses (A+B+C+D+E) 1,89,842.53


15/19

Income StatementNET REVENUE

Gross Sales 2,36,574.64

Excise duty -22,701.62

Net sales 2,13,873.02

Other income 2,346.09

2,16,219.11

EXPENDITURE 1,89,842.53

PROFIT BEFORE EXCEPTIONAL ITEM AND TAXATION 26,376.58

Profit on sale of long term trade investment 2,536.65

PROFIT BEFORE TAXATION 28,913.23

PROVISIONFOR TAXATION 8,314.78

PROFIT AFTER TAX 20,598.45

Balance brought forward 37,320.73

BALANCE AVAILABLE FOR APPROPRIATIONSProposed dividend 5,389.20

Tax on proposed dividend 874.26

General reserve 2,059.85

8,323.31

BALANCE CARRIED TO BALANCE SHEET 49,595.87


16/19

Earning per share

Values used in calculating Earnings Per Share:

Numerator: Profit after tax Rs. 205,98,45,000.00

Denominator: Weighted average number of Equity Shares 5,38,91,972.00Basic and diluted earnings per Equity Share Rs Rs. 38.22


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Solvency ratios Measure of how well a company can satisfy its long term

and short term obligations1. Quick Ratio (Acid Test)

74.047,265.12

5,023.1526,025.993,969.06

sLiabilitieCurrent

AdvancesReceivableAccountsCash!

!

2. Current Ratio

49.147,265.12

45.428,70

siabilitieurrent

ssetsurrent!!

3. Current Liabilities to Net Worth Ratio

52.091,616.70

12.265,47

Net Worth

sLiabilitieCurrent!!

4. Debt to Net Worth Ratio

09.091,616.70

80.248,8

et Worth

Debt!!


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Efficiency ratios Measures the quality of the business receivables and how

efficiently it uses and controls its assets1. Collection Period Ratio

days41.4436522,13,873.0

26,025.99

days365Sales

ReceivableAccounts!

z

!

z

2. Inventory Turnover

times95.335,410.25

31,40,024.5

Inventory

alesofost!!

3. Asset Turnover

ti es62.121,47,130.2

32,38,920.7

AssetsTotal

RevenueSales!!

4. Working Capital turnover

times31.1023,163.33

32,38,920.7

apitalWorking

evenueales!!


19/19

Profitability ratios Measures the performance of the company on how

profitable the business is for the investments made1. Return on Assets (ROA)

2. Return on Investment (ROI)

3. Return on Shareholders Equity

4. Price/Earnings Ratio (P/E ratio)

times28.2338.22

889.95

shareperEarning

shareperpriceMarket!!

%1421,47,130.2

20,598.45

AssetsTotal

Taxa ter Pro it!!

%62.2099,865.10

20,598.45

EquityOwners'esLiabilititTermLong

Taxa ter Pro it!!

%48.2291,616.70

20,598.45

EquityOwners'

Taxa ter Pro it!!

Documents

Kansai Nerolac Balance Sheet