AIA Engineering Limited

Project of

Financial Reporting & Analysis

Name: ADESH SINGH

Roll No: 19PGDM004
Section: A
 AIA Engineering Limited
2.Introduction
2.1 Introduction

AIA Engineering Ltd. is a guaranteed ISO 9000

organization spends significant time in structure improvement and production
establishment and overhauling of high chromium wear consumption and
scraped spot safe parts utilized in bond mining and warm power age ventures.
The organization has a worldwide nearness in the terms of offers and
administration workplaces over the world. Outside India the organization sells
under the brand name Vega. AIA at present has current ability to produce
340000 MT of high chromium wear parts and seeking after limit development
program to arrive at 440000 MT. AIA Engineering Ltd. was fused on March 11
1991 with the name Magotteaux (India) Pvt Ltd. On November 4 1978
Ahmedabad Induction Alloys Pvt Ltd advanced by Mr Bhadresh K Shah was
fused. This organization was converged with AIA Engineering on April 1 1991.
The name of the organization was changed to AIA Magotteaux Pvt with impact
from May 11 1992. The name of the organization was additionally changed to
AIA Engineering Ltd on May 2 2000 because of the end of joint endeavor with
Magotteaux International S A Belgium. The year 1995 the organization made a
specialized joint effort with Southwestern Corporation (SWC) USA for
procedure improvement in Raymond plants. In the year 1997 they connected
with Alstom for procedure know-how for Stein structured factories for power
plants. In September 2003 AIA Exports Pvt Ltd converged with the organization
with impact from April 1 2002. Around the same time they procured the 100%
stake in Vega UK through Vega Middle East in this manner making all Vega
organizations entirely claimed auxiliaries. During the year 2003-04 an entirely
possessed backup for the sake of Vega Industries (Canada) Inc was consolidated
in Canada. On December 31 2004 the organization obtained whole business of
Gray Cast Foundry Works (GCFW) an association firm and the assembling
Division of Centricast Enterprises Pvt Ltd (CEPL).
• Established in 1979 at Ahmedabad, INDIA

• ISO 9001 Certified

• Design, Development and Manufacturing

• Second Largest Hi-Chrome throwing maker on the planet

• Public Limited Company with the offers exchanged on BSE (Bombay

Stock Exchange) and NSE (National Stock Exchange of India)

3. Overview
 Core Competence: Design, develop, manufacture and service impact,
abrasion and corrosion resistant castings
 Focus:
 Metallurgy
New Product Development – Grinding Process Technology
 Metallurgical Solutions:
Steels and Irons having upto 32% Chrome
Ceramic composites with steel or chrome iron base
 Products: Grinding media, mill liners, diaphragms, vertical mill parts and
crusher parts
 Customers: Cement, Mining, Thermal Power Plants and Aggregates in
more than 120 countries
 Global Presence: offices, warehouses, sales network
 SOURCE:
https://www.livemint.com/Money/pB5JTFoHE2s3lZzsMK0TfP/AIA-
Engineering-to-benefit-from-conversion-to-chrome-casting.html

Assumption Taken Care of While Preparing The Financial

Statements
 The Preparation of financial statements in conformity with
GAAP(Generally accepted accounting principles)requires the
management to make judgements, estimates and assumptions that
affect the application accounting policies and the reported amounts
of
  Assets and Liabilities and Disclosure of Contingent Liabilities as
At the Date of financial statements and reported amounts of
income and expenses during the year. Estimates and underlying
assumptions are reviewed on an ongoing basis.
 Accounting estimates could change from period to period.
Actual results could differ from those estimates.
 Appropriate changes in estimates are made as the
Management becomes aware of changes in circumstances
surrounding the estimates. Changes in estimates are reflected
in the financial statements in the period in which changes are
made and , if material , their effects are disclosed in the notes
to the financial statements.
 Considering Both Tangible and Intangible assets.
 This Shows the CHANGES of the Fixed assets from 2018 to
2019.

4. Financial Statements
4.1 Balance Sheet
 Balance Sheet
3500
3000
2500
2000
1500
1000
500
0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33
-500
As at 31 March 2019 As at 31 March 2018

4.2 Profit & Loss A/c

 Profit & Loss A/c
3500

3000

2500

2000

1500

1000

500

0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38
-500
As at Ma rch 31 2019 As at March 31 2018

ANALYSIS
1.GROWTH IN
REVENUE BY
31%
2.GROWTH IN TOTAL INCOME 26% DUE TO
46% DECREASE IN OTHER INCOME
 3.TOTAL EXPENSE INCREASED BY 35% MORE
THAN INCREASE IN SALES
4.NEGATIVE
PROFIT BEFORE
TAX GROWTH
5.TOTAL ASSETS AND TOTAL
LIABILITIES SAME GROWTH RATE

4.3 Cash Flow Statement

Cash Flow
300
250
200
150
100
50
0
1 2 3 4 5 6
-50
-100
-150
-200
Ma r 19 Mar 18

Conclusion:
According to the company’s annual report, company is
decrease in profits 12% as compared to previous , but as
compared to increase in revenue company is enjoying 31%
growth in Revenue as compared to previous year. The
Expenditure of Company is increased by 35% as compared to
Previous Year March 31 2018 and I think this is not controlled by
the company. The Total Assets of the company is increased by
18% from the previous year 31march 2018 i.e from 1331 to
1569 in 31 march 2019. According To my Analysis AIA Industries
Ltd. Is doing well and Increasing in their Assets and in the sales
Growth. The annual Report Shows Boom In the AIA industries
ltd. The Company has its Good Sign For The company and its
existing Shareholders and for the long Run of the Company.