16-Mar 15-Mar 14-Mar 13-Mar 12-Mar

EQUITIES AND LIABILITIES

SHAREHOLDER'S FUNDS

Equity Share Capital 45.3 45.3 45.3 43.89 42.47

Preference Share Capital 181.5 130.21 103.72 101.59 85.94

Total Share Capital 226.8 175.51 149.02 145.48 128.41

Reserves and Surplus 4,431.36 7,710.62 9,012.56 9,080.86 7,444.31

Total Reserves and Surplus 4,431.36 7,710.62 9,012.56 9,080.86 7,444.31

Total Shareholders Funds 4,658.16 7,886.14 9,161.58 9,226.34 7,572.73

Preference Share Application 0 0 0 0 383.01

Money

Minority Interest 33.01 32.97 33.31 75.98 89.16

NON-CURRENT LIABILITIES

Long Term Borrowings 32,326.02 30,927.72 25,566.10 21,664.21 15,528.78

Deferred Tax Liabilities [Net] 639.59 1,374.07 1,375.19 1,342.78 1,038.82

Other Long Term Liabilities 640.57 639.8 2,166.91 2,184.83 1,506.10

Long Term Provisions 0 0.02 0.02 0.01 0

Total Non-Current Liabilities 33,606.19 32,941.61 29,108.22 25,191.84 18,073.70

CURRENT LIABILITIES

Short Term Borrowings 10,029.50 7,601.54 6,273.07 5,232.86 4,287.78

Trade Payables 1,176.45 2,739.39 2,352.25 1,631.82 996.81

Other Current Liabilities 4,579.61 1,721.68 4,138.89 2,105.12 2,266.15

Short Term Provisions 35.2 28.48 42.76 75.92 54.85

Total Current Liabilities 15,820.77 12,091.10 12,806.98 9,045.73 7,605.59

Total Capital And Liabilities 54,118.13 52,951.82 51,110.10 43,539.88 33,724.18
ASSETS

NON-CURRENT ASSETS

Tangible Assets 36,497.25 36,563.38 21,874.84 18,147.67 15,732.74

Intangible Assets 0.08 0.39 0.9 1.16 1.18

Capital Work-In-Progress 3,139.35 2,787.33 16,590.53 12,848.12 9,217.26

Fixed Assets 39,636.67 39,351.10 38,466.27 30,996.95 24,951.18

Non-Current Investments 300.67 373.01 382.97 357.92 348.08

Long Term Loans And Advances 1,155.91 1,534.13 1,803.47 2,543.86 2,852.16

Other Non-Current Assets 593.03 24.59 0 21.4 19.38

Total Non-Current Assets 41,686.29 41,282.84 40,652.71 33,920.13 28,170.80

CURRENT ASSETS

Current Investments 0.03 0.02 0.09 24.88 25.28

Inventories 8,808.58 7,321.23 6,480.25 5,559.68 3,311.43

Trade Receivables 2,351.16 2,398.29 2,464.45 2,343.11 1,220.38

Cash And Cash Equivalents 163.87 88.29 84.98 163.98 372.32

Short Term Loans And Advances 1,098.01 1,236.91 1,426.65 1,528.10 623.98

OtherCurrentAssets 10.2 624.24 0.96 0 0

Total Current Assets 12,431.84 11,668.98 10,457.39 9,619.75 5,553.38

Total Assets 54,118.13 52,951.82 51,110.10 43,539.88 33,724.18

 16-Mar 15-Mar 14-Mar
INCOME
Revenue From Operations [Gross] 12676.74 11171.72 10172.42
Less: Excise/Sevice Tax/Other Levies 1321.43 1089.25 924.6
Revenue From Operations [Net] 11355.31 10082.47 9247.83
Other Operating Revenues 447.33 563.3 428.01
Total Operating Revenues 11802.63 10645.77 9675.83
Other Income 22.66 11.84 29.12
Total Revenue 11825.29 10657.61 9704.95
EXPENSES
Cost Of Materials Consumed 6548.83 5684.68 5189.39
Purchase Of Stock-In Trade 2.59 48.32 39.05
Changes In Inventories Of FG,WIP And Stock-In Trade -66.79 217.67 -21.38
Employee Benefit Expenses 432.49 257.53 188.53
Depreciation And Amortisation Expenses 1099.75 938.4 963.96
Other Expenses 2799.59 2265.21 1590.43
Total Expenses 10816.46 11905.83 9613.28
Profit/Loss Before Exceptional, ExtraOrdinary Items And Tax 1008.83 -1248.22 91.67
Exceptional Items 0 -10 0
Profit/Loss Before Tax -3573.47 -1258.22 91.67
Finance Costs 4582.3 2494.03 1663.3

Tax Expenses-Continued Operations

Current Tax 0 0 19.98
Less: MAT Credit Entitlement 0 0 19.98
Deferred Tax -734.48 -1.12 32.41
Tax For Earlier Years 0 0 0.96
Total Tax Expenses -734.48 -1.12 33.38
Profit/Loss After Tax And Before ExtraOrdinary Items -2838.99 -1257.1 58.3
Profit/Loss From Continuing Operations -2838.99 -1257.1 58.3
Profit/Loss For The Period -2838.99 -1257.1 58.3
Minority Interest -0.05 0.29 0.31
Share Of Profit/Loss Of Associates -72.35 0.04 0.54
Consolidated Profit/Loss After MI And Associates -2911.39 -1256.77 59.14

OTHER ADDITIONAL INFORMATION

EARNINGS PER SHARE

Basic EPS (Rs.) -129 -56 2
Diluted EPS (Rs.) -129 -56 2
Imported Raw Materials 3489.37 2098.86 0
Indigenous Raw Materials 3082.3 3610.55 0
Imported Stores And Spares 103.99 73.71 0
Indigenous Stores And Spares 299.26 242.31 0
DIVIDEND AND DIVIDEND PERCENTAGE
Equity Share Dividend 0 0 13.57
Preference Share Dividend 0 0 7.78
Tax On Dividend 0 0 3.63
 13-Mar 12-Mar

11336.34 10474.44
1055.75 851.23
10280.6 9623.21
463.67 337.97
10744.27 9961.17
17.37 23.54
10761.64 9984.72

5798.64 5506.75
81.19 0
-105.84 -47.56
173.45 144.24
830.86 619.93
1486.44 1360.36
9552.19 8630.1
1209.45 1354.61
0 0
1209.45 1354.61
1287.45 1046.38

242.89 273.15
241.75 271.9
303.96 340.5
0 0
305.11 341.75
904.34 1012.86
904.34 1012.86
904.34 1012.86
2.36 1.62
0.24 0.35
906.94 1014.83

42 47
42 47
0 0
0 0
0 0
0 0
20.28 18.12
0.11 0.04
3.4 2.95
Year 16-Mar 15-Mar 14-Mar
Net Profit/Loss Before Extraordinary Items And Tax -3573.85 -1254.95 95.33
Net CashFlow From Operating Activities -270.28 2173.23 2311.36
Net Cash Used In Investing Activities -119.17 -1402.79 -5031.11
Net Cash Used From Financing Activities 465.93 -766.56 2649.09
Net Inc/Dec In Cash And Cash Equivalents 76.48 3.88 -70.67
Cash And Cash Equivalents Begin of Year 86.84 82.96 153.63
Cash And Cash Equivalents End Of Year 163.33 86.84 82.96
 13-Mar 12-Mar
1214 1365.23
-212.69 2851.89
-4499.09 -4791.69
4530.42 2259.07
-181.35 319.28
334.98 35.08
153.63 354.36
Z-Score
Bhushan steel is a public manafacturing company

z=1.2x1+1.4x2+3.3x3+0.6x4+x5 0.508194

x1=working capital/total assets 0.062621 15,820.77

41,686.29
12,431.84

x2=retained earnings/total assets 0.081883 4,431.36

x3=EBIT/Total Assets 0.018641 1008.83

X4=MARKET VALUE OF EQUITY/Book value of total liabilities 0.037757 1441.77

X5=Sales/Total Assets 0.234242

12676.74

The lower z-score the company is likely to go bankrupt

Current Liabilities
Non-Current Assets Total Assets
Current Assets 54,118.13

Retained Earnings

EBIT

Market value of equity

Total Liabilities 33606.19 Non-Current Liabilities

38185.8 4579.61 Current Liabilities
Sales