Bhushan Steels

S.NO Cost Particulars

2016 2017
1 Sales Turnover 13124.0677 15027.3017
2 Excise Duty 13.2143 13.2136
3 Opening Stock of Raw Materials 328.2219 260.6305
4 Purchases of Raw Material 2.5911 0.1801
5 Closing Stock of Raw Materials 260.6305 396.5173
6 Closing Stock Of WIP 538.114 864.3842
7 Closing Stock of Finished Goods 483.1896 541.0303
8 Closing Stock of Other Materials 67.5186 93.6865
9 Opening Stock of WIP 335.6469 538.114
10 Opening Stock of Finished Goods 647.5313 483.1896
11 Opening Stock of Other Materials 47.3012 67.5186
12 Power & Fuel Cost 1229.2599 1254.1272
13 Employee Cost 435.5659 490.6183
14 Freight Inwards & Transport charges 0 0
15 Packing Materials 51.1376 59.6093
16 Stores Consumed 403.2541 683.117
17 Repairs - Plant & machinery 35.3441 47.9521
18 Repairs - Factory Building 1.8716 2.109
19 Repairs - Others 0 0
20 Other Operating Expenses 0 0
21 Rent,Rates and Taxes paid (sales related) 238.343 283.1882
22 Lease Rent / Hire Charges paid 229.3101 264.1597
23 Sales Tax 955.0141 1209.5336
24 Insurance 18.3075 14.9567
25 Discount paid 105.3146 301.1203
26 Advertisement 0 0
27 Commission expenses on sales 5.0005 66.699
28 Distribution Expenses 752.884 769.72
29 Legal Expenses 11.1228 16.334
30 Travel Expenses 2.827 2.2816
31 Printing and Stationery 0 0
32 Audit Expenses 1.1 1.1
33 Royalty and technical fees 9.2442 23.9618
34 Director's Remuneration 1.4055 1.4583
35 R & D Expenses 0 0
36 Miscellaneous Expenses 12.1228 17.334
37 Depreciation 1729.5246 1685.6121
38 Tax 864.2696 623.9654
39 Interest 4601.2847 5426.7632
 Bhushan Steels
2016 2017
Direct Material
Purchases of Raw materials 2.59 0.18
Freight Inwards & transport charges 0.00 0.00
Opening Stock of Raw materials 328.22 260.63
Less: Closing Stock of Raw materials 260.63 396.52
Raw Materials Consumed 70.18 -135.71

Direct Labor costs 174.23 196.25

Direct Expenses- Excise Duty 13.21 13.21
Prime Cost 257.62 73.75
Manufacturing Overhead
Employee Cost (Salary/wages) 87.11 98.12
Power & fuel cost 1229.26 1254.13
Packing Materials 30.92 33.44
Stores Consumed 403.25 683.12
Repairs: P&M 35.34 47.95
Repairs: Factory building 1.87 2.11
Other Operating Expenses 0.00 0.00
Royalty & technical fees 9.24 23.96
Depr. related to P&M and Factory bldgs 1210.67 1179.93
Manufacturing overhead 3007.67 3322.76

Opening Stock of WIP 335.65 538.11

Less: Closing Stock of WIP 538.11 864.38
COGM = PC+MOH+OpgWIP-clsgWIP 3062.83 3070.24

Opening Stock of FG 647.53 483.19

Less: Closing Stock of FG 483.19 541.03
COGS = (7) + (8) - (9) 3227.17 3012.40

Selling and Admin Overheads

Repairs: others 0.00 0.00
Rent,Rates and Taxes paid (sales related) 238.34 283.19
Lease Rent / Hire Charges paid 229.31 264.16
Sales tax 955.01 1209.53
Insurance of FG 18.31 14.96
Discount paid 105.31 301.12
Advertisement 0.00 0.00
Commission expenses on sales 5.00 66.70
Distribution expenses 752.88 769.72
Audit Expenses 1.10 1.10
Legal Expenses 11.12 16.33
Travel Expenses 2.83 2.28
Printing and Stationery 0.00 0.00
Director's Remuneration 1.41 1.46
R & D Expenses 0.00 0.00
Other Administrative expenses 0.00 0.00
Miscellaneous expenses 12.12 17.33
Employee Cost (Salary/wages) 174.23 196.25
Other Depreciation 518.86 505.68
Period Cost 3025.84 3649.82

Conversion cost = Direct lab, exp+ MFG OH 3195.12 3532.22

Product Cost = Prime cost+MftgOH 3265.30 3396.51

Production units (MTs) 3070000 3284900

Production units (MTs)- in Cr 0.31 0.33
Cost per MT=COGM/prod.units 9977 9347
Per unit data
Prime cost 839 225
Manufacturing expenses per unit 9797 10115
Conversion cost 10408 10753
COGM 9977 9347
COGS 10512 9170
Period cost 9856 11111
 2016-17 2015-16 2016-17
Sales Turnover 56913.25 40858.96 1,502,730.17
Excise Duty 4623.17 4152.04 1321.36
Opening Stock of Raw Materials 2650.75 3266.43 26063.05
Purchases of Raw Material 29338.91 18147.64 18.01
Closing Stock of Raw Materials 3589.78 2650.75 39651.73
Closing Stock Of WIP 746.93 588.23 86438.42
Closing Stock of Finished Goods 3701.9 2326.51 54103.03
Closing Stock of Other Materials 9368.65
Opening Stock of WIP 588.23 889.97 53811.4
Opening Stock of Finished Goods 2326.51 3165.69 48318.96
Opening Stock of Other Materials 6751.86
Power & Fuel Cost 4096.84 3093.12 125412.72
Employee Cost 1167.58 953.29 49,061.83
Freight Inwards & Transport charges 2044.69 1397.53
Packing Materials 5960.93
Stores Consumed 2364.05 2112.42 68311.7
Repairs - Plant & machinery 1082.67 1013.18 4795.21
Repairs - Factory Building 19.6 18.77 210.9
Repairs - Others 18.17 17.39 0
Other Operating Expenses 0
Rent,Rates and Taxes paid (sales related) 38.38 35.44 28318.82
Lease Rent / Hire Charges paid 26415.97
Sales Tax 120,953.36
Insurance 70.98 59.38 1495.67
Discount paid 30,112.03
CSR expenses 42.94 51.36
Commission expenses on sales 32.95 25.27 6669.9
Distribution Expenses 76972
Legal Expenses 1633.4
Travel Expenses 228.16
Printing and Stationery
Royalty and technical fees 2,396.18
Director's Remuneration 145.83
R & D Expenses 18.01 9.86
Miscellaneous Expenses 421.36 351.54 1733.4
Depreciation 3024.61 2847.24 168,561.21
Tax 1554.74 1709.6 62,396.54
Interest 2947.67 2805.86 542,676.32
 In crores
2015-16 2016-17 2015-16
1,312,406.77 15027.302 13124.0677
1,321.43 13.2136 13.2143
32822.19 260.6305 328.2219
259.11 0.1801 2.5911
26063.05 396.5173 260.6305
53811.4 864.3842 538.114
48318.96 541.0303 483.1896
6751.86 93.6865 67.5186
33564.69 538.114 335.6469
64753.13 483.1896 647.5313
4730.12 67.5186 47.3012
122925.99 1254.1272 1229.2599
43,556.59 490.6183 435.5659
0 0
5113.76 59.6093 51.1376
40325.41 683.117 403.2541
3534.41 47.9521 35.3441
187.16 2.109 1.8716
0 0 0
0 0 0
23834.3 283.1882 238.343
22931.01 264.1597 229.3101
95,501.41 1209.5336 955.0141
1830.75 14.9567 18.3075
10,531.46 301.1203 105.3146
0 0
500.05 66.699 5.0005
75288.4 769.72 752.884
1112.28 16.334 11.1228
282.7 2.2816 2.827
0 0
924.42 23.9618 9.2442
140.55 1.4583 1.4055
0 0
1212.28 17.334 12.1228
172,952.46 1685.6121 1729.5246
86,426.96 lakh 623.9654 864.2696
460,128.47 5426.7632 4601.2847
 In crores
2016-17 2015-16
Sales Turnover 15027.3 13124.07
Excise Duty 13.2136 13.2143
Opening Stock of Raw Materials 260.6305 328.2219
Purchases of Raw Material 0.1801 2.5911
Closing Stock of Raw Materials 396.5173 260.6305
Closing Stock Of WIP 864.3842 538.114
Closing Stock of Finished Goods 541.0303 483.1896
Closing Stock of Other Materials 93.6865 67.5186
Opening Stock of WIP 538.114 335.6469
Opening Stock of Finished Goods 483.1896 647.5313
Opening Stock of Other Materials 67.5186 47.3012
Power & Fuel Cost 1254.127 1229.26
Employee Cost 490.6183 435.5659
Freight Inwards & Transport charges 0 0
Packing Materials 59.6093 51.1376
Stores Consumed 683.117 403.2541
Repairs - Plant & machinery 47.9521 35.3441
Repairs - Factory Building 2.109 1.8716
Repairs - Others 0 0
Other Operating Expenses 0 0
Rent,Rates and Taxes paid (sales related) 283.1882 238.343
Lease Rent / Hire Charges paid 264.1597 229.3101
Sales Tax 1209.534 955.0141
Insurance 14.9567 18.3075
Discount paid 301.1203 105.3146
CSR expenses 0 0
Commission expenses on sales 66.699 5.0005
Distribution Expenses 769.72 752.884
Legal Expenses 16.334 11.1228
Travel Expenses 2.2816 2.827
Printing and Stationery 0 0
Royalty and technical fees 23.9618 9.2442
Director's Remuneration 1.4583 1.4055
R & D Expenses 0 0
Miscellaneous Expenses 17.334 12.1228
Depreciation 1685.612 1729.525
Tax 623.9654 864.2696
Interest 5426.763 4601.285