ACC 205 Week 5 Final Paper Public Company - FINANCIAL STATEMENT 1 FINANCIAL STATEMENT FINANCIAL STATEMENT ANALYSIS OF A PUBLIC COMPANY COMPANY OVERVIEW

ACC 205 Week 5 Final Paper Public Company - FINANCIAL...

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FINANCIAL STATEMENT 1 FINANCIAL STATEMENT FINANCIAL STATEMENT ANALYSIS OF A PUBLIC COMPANY COMPANY OVERVIEW World steel Limited company is engaged in the business of manufacturing Ductile Iron Pipes, Fittings and Cast Iron Pipes. Additionally, the company also undertakes turnkey solutions for water transportation and sewerage management, which includes manufacturing DI Pipes, supplying and laying various types of pipes, operating the system and transferring to the owners. To transport sufficient quantities of water from different sources to treatment plants with minimal loss and then transport it to the end users, a strong reliable transport medium is required. Earlier, only major means available for the use in water transportation application ( supply and sanitation) were the CI Pipes. The DI pipes were first introduced in 1955, which has since been recognized as the industry standard for modern water and waste water system. DI Pipes are preferred over CI Pipes on account of being lighter, stronger, more durable and cost efficient these being corrosion resistant, ductile, etc. The DI Pipes can also be laid out much faster and are virtually maintenance free. In addition, DI Pipes require less support and provide greater flow area as compared to pipes made from other materials. Its main product Ductile Iron DI spun pipes. Its main competitors are Akar Tools Limited, Alicon Castalloy Limited , Carnation Industries Limited, Gontermann Peipers Limited. BALANCE SHEET AS AT MARCH 31, 2012, 2011, 2010 Particulars As at 31.3.2012 As at 31.3.2011 As at 31.3.2010 EQUITY AND LIABILTIES SHAREHOLDERS FUND Share Capital 20,000 20,000 20,000 Reserves and Surplus 283,633 175,873 150,000 303,633 195,873 170,000 NON CURRENT LIABILITIES Long Term Borrowings 8000 10000 10000 Other long term liabilities 7000 8000 12000
FINANCIAL STATEMENT 2 Long Term Provisions 1000 2000 4000 16000 20000 26000 CURRENT LIABILITIES Short term borrowings 67600 55542 60000 Trade Payables 10000 30000 50000 Other current liabilities 1142 6025 5000 Short Term Provisions 10000 5000 5000 90742 9 9,567 120,000 TOTAL 378375 315440 316000 ASSETS NON CURRENT ASSETS Fixed Assets 75000 75000 60,000 Long term loans and advances 50,000 30000 10000 125000 100,000 70,000 CURRENT ASSETS Inventories 85000 82000 60,000 Trade Receivables 60,000 38,000 20,000 Cash and Bank Balance 88,000 48000 30,000
FINANCIAL STATEMENT 3 Other Current assets 20375 47400 136000 253375 215440 246000 TOTAL 378375 315440 316000 Comparative Income Statement For the Years Ended March 31, 2012,2011 and 2010 Revenue: 2012 2011 2010 Sales 895,000  705,450  600,000 Less Sales Returns and Allowances 12,500  11,650  12,000 Net Sales 882,500  693,800  588,000 Cost of Goods Sold Merchandise Inventory, January 1 82,500  80,000  70,000 Net Purchases 306,000  262,000  200,000 Total Merchandise Available for Sale 388,500  342,000  270,000 Less Merchandise Inventory, December 31 85,000  82,500  70,000 Cost of Goods Sold 303,500  259,500  200,000 Gross Profit on Sales 579,000  434,300  388,000 Operating Expenses Selling Expenses   Sales Salaries Expense 87,000  79,000  60,000   Payroll Tax Expense-Selling 8,700  7,900  6000   Other Selling Expenses 25,800  15,200  12,000 Total Selling Expenses 121,500  102,100  78,000 General and Administrative Expenses   Officers Salaries Expense 130,000  110,000  80,000   Payroll Tax Expense-Administrative 13,000  11,000  8,000   Depreciation Expense 8,250  8,250  8,250   Other General and Administrative Expenses 9,450  7,000  6,000

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