Financial Analysis

The objective of the financial analysis is to evaluate the effectiveness of the
firm’s policies of managing the enterprise. We have tried to analyze the past
performance of the company by various ratios and returns, over the past 5
years from 2006-07 to 2010-11.

P & L Statement of GE Shipping

Year
INCOME :

Mar 07

Operating Income
Other Income

2,165.95
251.78

Total Income
EXPENDITURE :
Power,Oil & Fuel

2,417.73

Operating Expenses
Employee Cost
Selling and
Administration Exp.
Miscellaneous Expenses
Total Expenditure
Operating Profit
(EBITDA)
Interest
Gross Profit
Depreciation
Profit Before Tax
Tax
Fringe Benefit Tax
Deferred Tax
Net Profit

262.22
586.86
184.26
28.69
36.44
1,098.47
1,319.26
111
1,208.26
268.36
939.9
31.44
1.1
0
907.36

Mar
10

(Rs in
Cr)
Mar
11

2,890.
59
429.81
3,320.
40

2,459.
96
292.73
2,752.
69

571.39
1,229.3
0
303.11

357.94
1,098.
93
336.56

304.47

44.77
56.8
54.46
160.56
1,745.4 2,321.1
0
6
2,017.4 2,031.8
2
5
161.63
184.68
1,855.7 1,847.1
9
7
355.08
383.95
1,500.7 1,463.2
1
2
46.06
43.93
1.3
1.46
0
0
1,453.3 1,417.8
5
3

29.71
302.65
2,125.
79
1,194.
61
212.27

23.35
150.98
1,564.
19
1,188.
50
239.66

982.34
424.57

948.84
420.44

557.77
45.71
0
-0.7
512.7
6

528.40
55.39
0
-0.18
473.1
9

Mar 08

Mar 09

3,130.8 3,800.7
3
9
631.99
552.22
3,762.8 4,353.0
2
1
370.35
1,029.3
3
246.49

713.05
372.34

261.72 0 5.04 88.7 1 1 7 0 0 0 2.8 Secured Loans Unsecured Loans Deferred Credit Liability Total Debt Total Liabilities APPLICATION OF FUNDS 3.746.030.543.496.2 4.54 6.982.876.23 4.178.7 5.641.64 1.957.799.27 152.00 2.02 1.067.6 8 7.29 4.828.5 3 7 7 0 1.2 1 6 5 21.6 6 37.330.45 158.171.37 6.973.1 11.025.04 5.00 75.14 950 0 93.898.9 5.2 5.1 159.59 2.549.29 152.99 0 2.Balance Sheet of GE Shipping Year SOURCES OF FUNDS : Share Capital Mar 07 Mar 08 152.0 6 2.250.918.720.9 6 158.450.96 152.395.9 5.261.1 0 88.5 1 158.83 317.9 5. 4 3 93 5.230.45 1.709.979.47 837.156.007.1 3 2 6 7.27 Reserves Total Equity Application Money Total Shareholders Funds Minority Interest 2.9 9.632.9 6.29 5.125.514.09 1.06 8.97 0 0 2.0 5 302.8 5.9 8.693.7 7 8. 71 : Gross Block Less:Accumulated Depreciation & Lease Adjustment Less: Impairment of Assets Net Block Ship under acqusition/CWIP Investments 1.93 10.97 Mar 09 Mar 10 (Rs in Crs) Mar 11 152.4 8 318.33 1.079.51 158.39 1.8 1 3.980.9 4.40 1.7 1 1.4 3 12.077.387.01 .370.020.746.8 9.658.589.62 4.101.265.9 5.2 0 1.9 4.261.

39% Mar '11 Return On Equity Mar Mar Mar '10 '09 '08 28.1 11.079.3 5 86.54 1 787.74 1.74 Measuring the Overall Profitability: The overall profitability of a firm can be measured by looking at the returns provided on the equity invested by the owner’s and returns generated by the assets employed. The return on equity and assets has decreased over the years.743.26 1.67 1.25 34.099.99% % % Mar '07 29.956.7 9 968.763.94 627.85 131.77 524. oil and manpower charges.08 174.09 2. fuel.537.7 0 0 0 0 0 0. mainly due to the increase in raw material cost.22 2.077.3 2 5 6 103.8 1.025.9 8 4 1 0 0 0.32 102.88 12.28 1.96 Contingent Liabilities 448.236.079.88 1.2 4 132.11 228.579.496.8 9.5 499.17 149.05 Cash and Bank Loans and Advances 37.320.4 2 253 95.05 465.6 Current Assets. power. These increases have put lot of pressure on the margins and also the competition has increased over the year due to which the company is not able to pass on the increase in cost to the customer.48 Net Current Assets Deferred Tax Assets Deferred Tax Liability Net Deferred Tax 1.189.51 0. 4 3 93 2.01 174.6 7 194.11 225.905.62 152.768.29 Total Current Liabilities 348.43 613.15 73.7 7.96 111.73 1.217.141. Loans & Advances Inventories Sundry Debtors Total Current Assets Less : Current Liabilities and Provisions Current Liabilities Provisions 1. Mar '11 6.35 2.73 8.03 1.69 1.79 0 0 0 Total Assets 5.184.73 1.64 33.387.20 % Return On Assets Mar Mar Mar '10 '09 '08 Mar '07 .173.0 2.396.325. 71 2.5 2.84 61.38 227.88 0 0.713.9 2 129.8 1.613.

53 % 16.3 5. 4 8 9 1 1 200 6 23.63% 15.9 19.9 13.21% 4.9 9 .5 20.3.97 % Average of Industry: Total No. of Companies.10 Return On Equity (%) Source: Insight 201 201 200 200 200 1 0 9 8 7 4.74 % 20.

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