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Sori, Z. M., Hamid, M. A. A., Nasir, A. M., Yusoff, A., Hashim, N., Said, R. M., &
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Dept. Of BBA Jan-April 2018


Annexure
1.1 Consolidated Balance Sheet of HCG Enterprises Ltd.
Assets
Non Current
2017 2016 2015
Assets
a) Property,
Plant & 6170.07 5193.87 4413.01
Equipment
b) Capital work-
1482.26 1208.58 423.09
in-progress
c) Goodwill 608.88 608.88 734.45
d) Other
68.07 26.88 33.78
Intangible Assets
e) Financial
Assets
i) Investmetns 39.54 36.32 1.2
ii) Loans 29.3 22.16 22.16
iii) Other
478.57 309.51 289.32
Financial Assets
f) Deferred Tax
167.09 164.31 105.69
Assets (Net)
g) Current Tax
261.33 302.2 231.41
Assets (Net)
h) Other Non-
517.53 289.81 191.48
Current Assets
Total Non -
9822.64 8162.52 6445.59
Current Assets
Current Assets
a) Inventories 187.69 133.5 145.53
b) Financial
assets
1) Investments 74.91 600.25 0
2) Trade
1032.2 695.42 552.65
receivables
3) Cash and
852.22 576.07 247.53
cash equivalents
4) Loans 20.2 18.88 8.52
5) Other financial
138.52 150.76 106.6
asstes
c) Other current
136.03 98.64 71.76
assets
Total Current
2441.77 2273.52 1132.59
Assets (A)
Total Assets 12264.41 10436.04 7578.18

Dept. Of BBA Jan-April 2018


Equity And
Liabilities
Equity
a) Equity Share
857.13 850.76 699.84
Capital
b) Other Equity 3469.47 3407.48 1122.42
Equity
attributable to
4326.6 4258.24 1822.26
owners of the
Company
Non-controlling
574.62 326.9 252.77
interests
Total Equity 4901.22 4585.14 2075.03
Liabilities
Non-Current
Liabilities
a) Financial
Liabilities
i) Borrowings 2833.82 2458.34 2658.83
ii) Other
Financial 801.18 728.91 972.11
Liabilities
b) Provisions 30.46 28.95 22.64
c) Deferred Tax
11.7 6.44 5.04
Liabilities(Net)
Total Non -
Current 3677.16 3222.64 3658.62
Liabilities
Current
Liabilities
a) Financial
Liabilities
1) Borrowings 416.29 371.8 292.71
2) Trade
1410.44 1084.22 832.64
Payables
3) Other financial
1567.33 917.4 524.74
liabilities
b) Other current
228.66 216.72 159.61
liabilities
c) Provisions 49.4 38.12 34.23
d) Current tax
13.91 0 0.5
liabilities
Total Current
3686.03 2628.26 1844.43
Liabilities (B)
Total Liabilities 7363.19 5850.9 5503.05
Total Equity
12264.41 10436.04 7578.08
and Liabilities

Dept. Of BBA Jan-April 2018


1.2 Comparative Balance Sheet of HCG Enterprises Ltd.
Comparative Balance Sheet of Healthcare Global Enterprise Ltd. for the year ended 2016
Increase /
INR in millions 31/03/15 31/03/16 % Change
(Decrease)

Assets :

Non Current Assets


a) Property, Plant & Equipment 4413.01 5193.87 780.86 17.69%
b) Capital work-in-progress 423.09 1208.58 785.49 185.66%
c) Goodwill 734.45 608.88 (125.57) -17.10%
d) Other Intangible Assets 33.78 26.88 (6.90) -20.43%
e) Financial Assets
i) Investmetns 1.2 36.32 35.12 2926.67%
ii) Loans 22.16 22.16 0.00 0.00%
iii) Other Financial Assets 289.32 309.51 20.19 6.98%
f) Deferred Tax Assets (Net) 105.69 164.31 58.62 55.46%
g) Current Tax Assets (Net) 231.41 302.2 70.79 30.59%
h) Other Non-Current Assets 191.48 289.81 98.33 51.35%

Total Non - Current Assets 6445.59 8162.52 1716.93 26.64%

Current Assets
a) Inventories 145.53 133.5 (12.03) -8.27%
b) Financial assets
1) Investments 0 600.25 600.25 -
2) Trade receivables 552.65 695.42 142.77 25.83%
3) Cash and cash equivalents 247.53 576.07 328.54 132.73%
4) Loans 8.52 18.88 10.36 121.60%
5) Other financial asstes 106.6 150.76 44.16 41.43%
c) Other current assets 71.76 98.64 26.88 37.46%

Total Current Assets (A) 1132.59 2273.52 1140.93 100.74%

Total Assets 7578.18 10436.04 2857.86 37.71%

Equity And Liabilities :

Equity
a) Equity Share Capital 699.84 850.76 150.92 21.56%
b) Other Equity 1122.42 3407.48 2285.06 203.58%
Equity attributable to owners of the Company 1822.26 4258.24 2435.98 133.68%
Non-controlling interests 252.77 326.9 74.13 29.33%

Total Equity 2075.03 4585.14 2510.11 120.97%

Liabilities
Non-Current Liabilities
a) Financial Liabilities
i) Borrowings 2658.83 2458.34 (200.49) -7.54%

Dept. Of BBA Jan-April 2018


ii) Other Financial Liabilities 972.11 728.91 (243.20) -25.02%
b) Provisions 22.64 28.95 6.31 27.87%
c) Deferred Tax Liabilities(Net) 5.04 6.44 1.40 27.78%

Total Non - Current Liabilities 3658.62 3222.64 (435.98) -11.92%

Current Liabilities
a) Financial Liabilities
1) Borrowings 292.71 371.8 79.09 27.02%
2) Trade Payables 832.64 1084.22 251.58 30.21%
3) Other financial liabilities 524.74 917.4 392.66 74.83%
b) Other current liabilities 159.61 216.72 57.11 35.78%
c) Provisions 34.23 38.12 3.89 11.36%
d) Current tax liabilities 0.5 0 (0.50) -100.00%

Total Current Liabilities (B) 1844.43 2628.26 783.83 42.50%

Total Liabilities 5503.05 5850.9 347.85 6.32%

Total Equity and Liabilities 7578.08 10436.04 2857.96 37.71%

1.3 Altman Z score parts

Altman Z score parts


2017 2016
1.2 * (Working Capital/ Total
-0.12 -0.04
Assets)
1.4 * (Retained earnings/ Total
-0.03 -0.07
Assets)
0.6 * (Market Value of Equity /
2.83 2.58
Book Value of Debt )
0.999 * (Sales/Total Assets) 0.57 0.56
3.3 * (EBIT/Total Assets) 0.12 0.11

1.4 Zmijewski Model Parts

Dept. Of BBA Jan-April 2018


Zmijewski Model Parts
2017 2016 2015
-4.336 (4.336) (4.336) (4.336)
-4.513 * (Net
2.612 2.543 3.122
Income/Total Assets)
5.679 * (Total
3.410 3.184 4.124
Liabilities/Total Assets)
0.004 * (Current
Assets/Current 0.003 0.003 0.002
Liabilities)

Dept. Of BBA Jan-April 2018