THANGAMAYIL JEWELLERY LIMITED

BALANCE SHEET

---------------------------------------------------------Rs (in Lakhs )--------------------------------------------------------------------- HORIZONTAL ANALYSIS

YEAR 2020 2019 2018 2017 2020 2019
ASSETS
Non-Current Assets
(a) Property, Plant and Equipment ₹ 7,012.44 ₹ 6,948.71 ₹ 7,188.56 ₹ 6,889.65 1.78% 0.86%
(b) Capital work-in-progress ₹ 202.14 ₹ 119.40 ₹ 86.90 ₹ 73.37 175.51% 62.74%
(c ) Intangible assets ₹ 95.84 ₹ 144.77 ₹ 231.46 ₹ 343.01 -72.06% -57.79%
(d) Right-of - Use Assets ₹ 963.12 - - -
(e) Financial assets
(i) Other Financial assets ₹ 39.92 ₹ 40.30 ₹ 41.39 ₹ 36.54 9.25% 10.29%
(f) Deferred Tax Assets (net) ₹ 39.05 - - ₹ 547.41 -92.87%
(g) Other non-current assets ₹ 970.67 ₹ 1,069.57 ₹ 976.33 ₹ 1,050.68 -7.62% 1.80%
Total Non- Current Assets ₹ 9,323.18 ₹ 8,322.75 ₹ 8,524.65 ₹ 8,940.67 4.28% -6.91%
Current Assets
(a) Inventories ₹ 56,393.14 ₹ 50,404.07 ₹ 47,589.73 ₹ 31,200.42 80.74% 61.55%
(b) Financial assets
(i) Trade receivables ₹ 13.62 ₹ 216.65 ₹ 130.10 ₹ 85.02 -83.98% 154.82%
(ii) Cash and cash equivalents ₹ 198.81 ₹ 894.32 ₹ 367.69 ₹ 942.33 -78.90% -5.09%
(iii) Bank balances other than (ii) above ₹ 2,940.01 ₹ 4,310.45 ₹ 2,819.95 ₹ 1,079.33 172.39% 299.36%
(iv) Other financial assets ₹ 48.83 ₹ 34.27 ₹ 37.50 ₹ 19.68 148.12% 74.14%
(c) Current Tax Assets ( net) - ₹ 630.05 ₹ 1,278.15 ₹ 1,020.27 -38.25%
(d ) Other current assets ₹ 2,611.90 ₹ 435.84 ₹ 311.82 ₹ 378.63 589.83% 15.11%
Total Current Assets (net) ₹ 62,206.31 ₹ 56,925.66 ₹ 52,534.94 ₹ 34,725.68 79.14% 63.93%
TOTAL ASSETS ₹ 71,529.49 ₹ 65,248.41 ₹ 61,059.59 ₹ 43,666.35 63.81% 49.42%

EQUITY AND LIABILITIES

Equity
(a) Equity share capital ₹ 1,371.96 ₹ 1,371.96 ₹ 1,371.96 ₹ 1,371.96 0.00% 0.00%
(b) Other equity ₹ 20,642.92 ₹ 17,946.74 ₹ 15,500.68 ₹ 13,561.79 52.21% 32.33%
Total Equity ₹ 22,014.87 ₹ 19,318.69 ₹ 16,872.64 ₹ 14,933.75 47.42% 29.36%
Non-Current Liabilities
(a) Financial Liabilities
(i) Lease Liabilities ₹ 874.30 - - -
(ii) Borrowings ₹ 5,493.39 ₹ 3,831.36 ₹ 3,062.44 ₹ 3,556.24 54.47% 7.74%
(b) Deferred Tax Liabilities (net) - ₹ 106.61 ₹ 158.90 - #VALUE!
Total Non- Current Liabilities ₹ 6,367.69 ₹ 3,937.98 ₹ 3,221.34 ₹ 3,556.24 10.73%
Current Liabilities
(a) Financial liabilities
(i) Borrowings ₹ 18,077.45 ₹ 11,568.06 ₹ 15,966.66 ₹ 5,881.13 207.38% 96.70%
(ii) Trade payables ₹ 3,702.78 ₹ 7,465.54 ₹ 5,844.21 ₹ 8,795.56 -57.90% -15.12%
(iii) Lease Liabilities ₹ 333.12 - - -
(iv) Other Financial liabilities ₹ 1,458.58 ₹ 2,580.40 ₹ 4,290.55 ₹ 2,823.32 -48.34% -8.60%
(b) Other Current liabilities ₹ 19,493.27 ₹ 20,377.73 ₹ 14,864.19 ₹ 7,676.35 153.94% 165.46%
(c) Current Tax Liability ( net) ₹ 81.72 - - -
Total Current Liabilities ₹ 43,146.93 ₹ 41,991.74 ₹ 40,965.61 ₹ 25,176.36 71.38% 66.79%
TOTAL LIABILITIES ₹ 49,514.62 ₹ 45,929.71 ₹ 44,186.95 ₹ 28,732.60 72.33% 59.85%
TOTAL EQUITY AND LIABILITIES ₹ 71,529.49 ₹ 65,248.41 ₹ 61,059.59 ₹ 43,666.35 63.81% 49.42%

HORIZONTAL AND VERTICAL ANALYSIS INTERPRETETION

1) we can interpret from the analysis there is a change of 63.81 % in the total assets of the company as compared to the past year if we compare the total asset percentage change with the total liabilities percentage change
which is around 71.38 %

2)The equity of the company is also following the increasing trend as the it is increasing from the year 2018 by 29.36% in 2019 but it increcses to 47.42% in the year 2020 which shows company is using them internally in
there business

3) We can also interpret from the analysis that the companies current assets is increased by around 79.14% and the current liabilities got a hype of around 71.38 % which in terms of liquidity is a high risk.

4) If we talk about the cash and cash equivalent it is following a decreasing trend as from year 2018 to 2020 there is a total decrease of 78.90%.

5) There is a very minute increase in the invetories of the company from the year 2017 as they are increased by 80.74% in year 2020 which does not have a positive effect on the companies profit.

RATIO ANALYSIS
LIQUIDTY RATIOS 2020

1 ) CURRENT RATIO 1.442 Current assets / current liabilities

2) QUICK RATIO 0.13 Current assets - inventory / current liabilities

3) CASH RATIO 0.07 Cash or cash equivalent + short term investments / current liabilities

4) NET WORKING CAPITAL RATIO 190.6 Current assets -current liabilities*100

PROFITABILITY RATIO BASED ON SALES

1 )GROSS PROFIT RATIO 5.17 Gross profit /sales *100

2) NET PROFIT RATIO 2.69 Net profit/sales*100

3) OPERATING PROFIT RATIO 5.77 operating profit/sales*100

RETURN RATIO

1) RETURN ON EQUITY 22.09 (NET PROFIT/SHAREHOLDERS FUND)*100

2) RETURN ON ASSETS 6.68 NET PROFIT /TOTAL ASSESTS

 3) RETURN TO CAPITAL EMPLOYED 22.45 EBIT/CAPITAL EMPLOYED

EFFICIENCY RATIO

1) ASSET TURNOVER RATIO 2.47 SALES /AVERAGE ASSETS

2) FIXED ASSETS TURNOVER RATIO 4.21 SALES /FIXED ASSETS

GROWTH RATIO

NET SALES GROWTH 17% (This year sales -last year sales) /last year sales *100

RATIO ANALYSIS INTERPRETATION

1) The current ratio indicated the companies ability to pay short term obligations during the time of crisis here thecurrent ratio of the company is around 1.42 which is greated than one it shows company is able to satisfy its current
debt or paybles with its current assets.

2) The quick ratio of the company is 0.13 which indicates that company is not fully equipped with exactly enough assets to be instantly liquidated to pay off its current liablities.
3) The net working capital ratio greter than 30% indicates that the company has financial resources to remain solvent in the short term
4)operating profit ratio is around 5.77 which indicates that the company is not earning enough revenue from the business operations to pay all the associated costs involved in maintaining business idean operating profit more than
15% is considered as good.
5) ROE is more than a measure of profit ,it also mesures efficiency as the ROE is around 22.09 %
6) ROA indicates how profitable is the company relative to its total assets we can see the ROA of Thangamayil jewellery is not up to the mark.
7)Higher the value indicated better performance in asset turnover ratio here its more than one which indicates that company as the total assets produce enough revenue at the end of the year
8) The net sales growth indicates that its sales growth is increase by 17% from the past year.
HORIZONTAL ANALYSIS VERTICAL ANALYSIS
2018 2017 2020 2019 2018 2017

4.34% 100.00% 9.80% 10.65% 11.77% 15.78%

18.44% 100.00% 0.28% 0.18% 0.14% 0.17%
-32.52% 100.00% 0.13% 0.22% 0.38% 0.79%
1.35%

13.27% 100.00% 0.06% 0.06% 0.07% 0.08%

100.00% 0.05% 1.25%
-7.08% 100.00% 1.36% 1.64% 1.60% 2.41%
-4.65% 100.00% 13.03% 12.76% 13.96% 20.47%

52.53% 100.00% 78.84% 77.25% 77.94% 71.45%

53.02% 100.00% 0.02% 0.33% 0.21% 0.19%

-60.98% 100.00% 0.28% 1.37% 0.60% 2.16%
161.27% 100.00% 4.11% 6.61% 4.62% 2.47%
90.55% 100.00% 0.07% 0.05% 0.06% 0.05%
25.28% 100.00% 0.97% 2.09% 2.34%
-17.65% 100.00% 3.65% 0.67% 0.51% 0.87%
51.29% 100.00% 86.97% 87.24% 86.04% 79.53%
39.83% 100.00% 100.00% 100.00% 100.00% 100.00%

0.00% 100.00% 1.92% 2.10% 2.25% 3.14%

14.30% 100.00% 28.86% 27.51% 25.39% 31.06%
12.98% 100.00% 30.78% 29.61% 27.63% 34.20%

1.22%
-13.89% 100.00% 7.68% 5.87% 5.02% 8.14%
0.16% 0.26%
-9.42% 100.00% 8.90% 6.04% 5.28% 8.14%

171.49% 100.00% 25.27% 17.73% 26.15% 13.47%

-33.55% 100.00% 5.18% 11.44% 9.57% 20.14%
0.47%
51.97% 100.00% 2.04% 3.95% 7.03% 6.47%
93.64% 100.00% 27.25% 31.23% 24.34% 17.58%
0.11%
62.71% 100.00% 60.32% 64.36% 67.09% 57.66%
53.79% 100.00% 69.22% 70.39% 72.37% 65.80%
39.83% 100.00% 100.00% 100.00% 100.00% 100.00%

#REF!
*100
 THANGAMAYIL JEW

PROFIT AND LO

YEAR

I) Revenue from Operations

II) Other Income
III) Total Income ( I+II)
IV) Expenses:
Cost of materials consumed
Purchases of stock-in-trade
Changes in inventories of finished goods, work-in- progress and stock-in-trade
Manufacturing Expenses
Employee benefits expenses
Finance costs
Depreciation and amortization expenses
Other expenses
Total Expenses
V) Profit Before Tax ( III-IV)
VI) Tax Expenses
- Current Tax
Less: MAT Credit entitlement
- Deferred Tax
Total Tax Expenses
VII) Profit for the Year (V-VI)
VIII) Other Comprehensive Income
Other comprehensive income not to be reclassified to profit and loss in subsequence
Re-measurements loss of the defined benefit plans
Deferred tax charges
Total other comprehensive income for the year, net of tax
lX) Total Comprehensive Income for the Year (VII+VIII)
X) Earnings per equity share of Re.10 each
Basic
Diluted

HORIZONTAL AND VERTICAL ANALYSIS INTERPRETETION

1) By the analysis we can interpret that the revenue is decreased by 30% from the year 2020 to 2017
2) There is a increase in the total expense also of around 27%
3) If we compare the profit for the year after deducting all the expenses there is a increase of around 51% in the overall profit
4) There is a Increasing trend in the total revenue but its negligible as from 2018 there is a increase of 11.07% and from 2019 there is a in
5)we can interpreat that the profit earn by the company for the year fall down drastically in the year 2019 by 32.28% and than increased by
HANGAMAYIL JEWELLERY LIMITED

PROFIT AND LOSS STATEMENT

--------------------------------Rs (in lakhs)--------------------------------------

2020 2019 2018 2017

169,196.10 144,335.12 137929.29 129945.92

302.62 287.1 155.39 113.07
169498.72 144622.22 138084.68 130058.980

147,733.75 128,717.22 134459.22 102448.26

5,396.07 3,435.82 6388.88 18208.17
-4,989.46 -3,126.35 -16864.51 -2138.46
1,549.52 1,261.03 1127.70 533.91
4,224.16 3,538.30 3197.42 2627.94
2,115.19 2,033.67 1879.48 2083.96
1,018.51 759.02 816.52 943.38
5,509.43 3,449.57 3686.27 3421.61
162557.17 140068.28 134690.98 128128.77
6941.55 4553.94 3393.70 1930.22

1,950.54 1,580.32 394.16 415.83

- - - -415.83
425.43 -51.97 712.28 532.74
2375.97 1528.35 1106.44 532.74
4565.59 3025.59 2287.26 1397.48

-49.34 -0.95 -18.95 -3.05

12.42 0.32 5.97 0.84
-36.92 -0.63 -12.98 -2.21
4528.67 3024.96 2274.28 1395.27

33.01 22.05 16.58 10.17

33.01 22.05 16.58 10.17

the overall profit

7% and from 2019 there is a increase of 30%
32.28% and than increased by 51% in the year 2020
 VERTICAL ANALYSIS HORIZONTAL ANALYSIS
2020 2019 2018 2017 2020 2019 2018 2017

99.82% 99.80% 99.89% 99.91% 30% 11.07% 6.14% 100.00%

0.18% 0.20% 0.11% 0.09% 168% 153.91% 37.43% 100.00%
100.00% 100.00% 100.00% 100.00% 30% 11.20% 6.17% 100.00%

87.16% 89.00% 97.37% 78.77% 44% 25.64% 31.25% 100.00%

3.18% 2.38% 4.63% 14.00% -70% -81.13% -64.91% 100.00%
-2.94% -2.16% -12.21% -1.64% 133% 46.20% 688.63% 100.00%
0.91% 0.87% 0.82% 0.41% 190% 136.19% 111.22% 100.00%
2.49% 2.45% 2.32% 2.02% 61% 34.64% 21.67% 100.00%
1.25% 1.41% 1.36% 1.60% 1% -2.41% -9.81% 100.00%
0.60% 0.52% 0.59% 0.73% 8% -19.54% -13.45% 100.00%
3.25% 2.39% 2.67% 2.63% 61% 0.82% 7.73% 100.00%
95.90% 96.85% 97.54% 98.52% 27% 9.32% 5.12% 100.00%
4.10% 3.15% 2.46% 1.48% 260% 135.93% 75.82% 100.00%

1.15% 1.09% 0.29% 0.32% 369% 280.04% -5.21% 100.00%

-0.32%
0.25% -0.04% 0.52% 0.41% -20% -109.76% 33.70% 100.00%
1.40% 1.06% 0.80% 0.41% 346% 186.88% 107.69% 100.00%
2.69% 2.09% 1.66% 1.07% 51% 32.28% 63.67% 100.00%

-0.03% 0.00% -0.01% 0.00% 1518% -68.85% 521.31% 100.00%

0.01% 0.00% 0.00% 0.00% 1379% -61.90% 610.71% 100.00%
-0.02% 0.00% -0.01% 0.00% 1571% -71.49% 487.33% 100.00%
2.67% 2.09% 1.65% 1.07% 225% 116.80% 63.00% 100.00%

0.02% 0.02% 0.01% 0.01% 225% 116.81% 63.03% 100.00%

0.02% 0.02% 0.01% 0.01% 225% 116.81% 63.03% 100.00%