ONLINE ASSIGNMENT

Name : Nirmal Singh

Registration No. : 12000654
Roll No. : RQ2021A05
Section : Q2021
Subject : Cost Accounting
Submitted To : Dr.Priya
Introduction
With over eight decades of experience, ITD
Cementation India Limited (“the Company”) today is a
leading construction company in India with an
integrated portfolio of services comprising design,
engineering, procurement and construction across
multiple lines of business.
Vision
Company aim is a satisfied client, a strong and
proactive workforce and quality product finished on
time maintaining highest safety standard and to
budget.
Mission
ITD Cementation has a ‘trishula’ approach to
enhancing shareholder returns - prudent project
selection, focus on free cash flows and mitigation of
risks through bidding for projects in all sectors. To
make ITD Cementation India Limited, the country's
leading construction Company in customer choice,
quality and safety.
 Customers come first
 Employees are our most important asset –
working conditions and training must enable
them to give their best
 Our quality, health and safety standards will be
second to none
  Timely commencement and completion of
projects
 Well-developed MIS systems and state-of-the
art technology is our priority
 Our competitive edge is maintained through
specialist skills and commitment to both –
Training and R&D
Business of the Compny
ITD Cementation India Limited (ITD Cem), is a
subsidiary of the Thailand-based Italian-Thai
Development Public Company Limited (ITD).
Engaged in the construction of marine structures,
highways, bridges & flyovers, metros, airports,
hydro-tunnelling, dams & canals, water & waste
water segment, industrial structures, buildings and
specialist foundation engineering projects.
Management of the Company (BOD).
ITDName
Cementation India Limited (ITD Cem), is a
Desgination
Ashwin Parmar Execuctive Vice President & CBO
D P Roy Independent Director
Gautam Basuroy Executive Vice President & COO
Jayanta Basu Managing Director
Piyachai Karnasuta Chairman
Manish Kumar Executive Vice President
Pankaj I C Jain Independent Director
Rahul Neogi Vice President & Co. Secretary
Ramola Mahajani Independent Director
Competitors
With more projects being awarded by the
government, and an increasing thrust on
infrastructure projects, the sector has attracted
several domestic as well as international players.
The increase in competition may lead to an
aggressive bidding environment, resulting in low
operating margins. Some of the competitors are
Volt.Transform., Vascon Engineers, Anubhav
Infrast., BGR Energy Sys., GE T&D India, Hercules
Hoists, Mauria Udyog, Rel. Indl. Infra
Cost Sheet

ITD CEMENTATION
Cost Sheet for the year ended 31March, 2020
In lakhs
Particular Amount Amount
Opening Stock of Raw 22,924.87
Material
Add : Purchase 1,10,371.73
Less : Closing Stock of raw 26,736.05
Material
Raw Material Consumed 1,06,560.55
Prime Cost 1,06,560.55
Add : Factory Overheads
Consumption of store and 1,798.27
spare
Power & Fuel 7,964.69
Repair of Plant and 668.95
Machinery
Depreciation on Plant and 6,755.35
Machinery
Insurance 1,413.81 18,601.07
Add : Opening stock of WIP -
Less : Closing stock of WIP 70,210.20
Work Cost 54,951.42
Add : Administrative Overheads
Audit fees 76.52
Postage, telephone and 161.28
telegram
Employ Benefits Expenses 34,628.15
Printing & stationary 181.93
Depreciation of Office 47.38 35,095.26
Equipment
Cost of Production 90,046.68
Add : Selling & Distribution
Overheads
Travelling and Conveyance 847.02
Site transport and 3877.72 4724.74
conveyance
Cost of sales 94,771.42
Profit balancing figure 1,91,299.96
Sales 2,86,071.38
Extraction of Costs
a) Raw Material

b) Factory Overhead
c) Work In Progress

d) Administration Overhead
e) Sales

f) Selling Overhead

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