Trinity Electro Products Ltd.

Balance Sheet Rs. / Cr.

As at 31.3.2016 As at 31.3.2015 As at 31.3.2014

Net Worth
Equity Shares 50.00 45.00 40.00
Reserves & Surplus 227.20 277.20 141.85 186.85 70.00 110.00

Non Current & Current Liabilities

Debentures 189.00 160.00
Term Loans from FIs 125.00 96.00
C/C & Export P/C (Current) 203.90 517.90 165.00 421.00 403.00
Long Term Unsecured Loan 30.00 547.90 45.00 466.00 30.00 433.00

825.10 652.85 543.00

Non Current Assets

Fixed Assets
Gross Block 507.30 407.15 380.00
Cumulative Depreciation 236.00 271.30 207.00 200.15 185.00 195.00
Capital Work-in-Progress 56.00 5.00 -

Investments 25.50 36.00 6.00

Current Assets
Inventory
Raw Material 210.00 165.00
Finished Goods - Mnfgd. 22.00 232.00 31.85 196.85 185.00
Sundry Debtors
Due for more than six months 12.00 17.00
Due for less than six months 250.00 262.00 273.00 290.00 240.00
Loans & Advances 130.30 35.00 30.00
Cash & Bank Balances 1.20 1.50 5.00
625.50 523.35 460.00
Less Current Liabilities
Sundry Creditors
Trade Payables 135.00 104.65
Others 18.20 153.20 472.30 7.00 111.65 411.70 118.00 342.00

825.10 652.85 543.00

Class Notes of Dr. Paritosh Basu Strictly for Students of NMIMS

Trinity Electro Products Ltd
Profit & Loss Statement Rs. / Cr.
FTYE 31 .3. 2016 FTYE 31 .3. 2015 FTYE 31 .3. 1914
Turnover
Sales
Manufactured Goods 1,015.00 890.00 810.00

Expenses
Cost of Materials Consumed 625.00 542.00 515.00
Manufacturing Expenses 85.00 710.00 78.00 620.00 60.00 575.00

Administration Expenses 25.00 22.00 18.00

Marketing Expenses 35.00 38.00 22.00
Distribution Expenses 7.00 3.00 2.00
777.00 683.00 617.00

Operating Profit before Interest & Depreciation 238.00 207.00

### 193.00

Interest
Fixed Loans 38.00 - 27.00 - 20.00 -
Cash Credit & Export Packing Credit 21.00 59.00 27.00 54.00 11.00 31.00
Profit before Depreciation 179.00 153.00 162.00
Depreciation 29.00 22.00 20.00
Net Operating Profit 150.00 131.00 142.00

Other Income
Income from Investment 6.00 2.00 1.50

Profit before Tax 156.00 133.00 142.50

Income Tax 36.00 32.00 40.00
Profit after Tax 120.00 101.00 102.50

Appropriation
Dividend (including Tax)
Equity Share 34.65 29.15 28.32
Transfer to General Reserve 85.35 71.85 74.18
120.00 101.00 102.50

Other Information

1. Tem Loan installment payable as on the three year ends are are payable on June 30 every year.
2. Manufacturing Expenses include Lease Rental of Rs. 5.00 Crs. for each year.
3. Dividend figures are inclusive of 10% tax payable on Dividend.
4. Market value of equity shares as on the three dates of year end are Rs. 50, 45 and 40 respectively
5. Face value of Equity shares is Rs. 10.
6. Expected average return on equity shares is 20%.
7. Term Loan Installments payable in next year Rs. 20.00, 15.00 and 10.00 Crs. Respectively.
8. The same lease rental of Rs. 5.00 Crs have been paid in all the years and included in Mfng. Expenses.
9. Value of purchased materials, utilities and services consumed for 3 years are Rs. 699.3, 614.7 and 532.8 Crs.
10. Total variable costs are Rs. 683.76, 601.04 and 520.96 Crs. for the three years
11. Estimated market value of all the fixed assets as on the year ends are Rs. 1150 , 850 and 800 Crs.
12. 30% is to be considered as the applicable Rate of Income Tax.
13. Both outputs of the company are subject to 16% Excise Duty.
14. Average Sales Tax can be considered @ 4% for both inputs and outputs. Total Effective as GST is 20.64%
15. Fixed Labour costs included in manufacturing expenses are Rs. 51.00, 47,00 and 44.00 Crs.
16. All figures are imaginary and have not been taken from any published annual report.
Trinity Eletro Products Ltd. Rs. / Cr.
Cash Flow Statement for the Year Ended 31. 3. 16 31. 3. 15
Rs. Rs.
Operating Activities
Profit after Tax 120.00 101.00
Add Depreciation 29.00 22.00
Add Increase / (Decrease) in Current Asset
Inventory (35.15) (11.85)
Sundry Debtors 28.00 (50.00)
Loans and Advances (95.30) (102.45) (5.00) (66.85)
Add Increase / (Decrease) in Current Liabilities 41.55 (6.35)
Add Finance Charges 59.00 54.00
Less Income from Investement (6.00) (1.50)
141.10 102.30
Investing Activities
Additions to Fixed Assets (100.15) (27.15)
Less Sale / Purchase of Investement 10.50 (30.00)
Additions to capital work in Progress (51.00) (5.00)
(140.65) (62.15)

Financing Activities
Payment of Dividend
Equity Share (34.65) (29.15)

Income from Investment 6.00 1.50

Interest (59.00) (54.00)

Issue of Equity Shares 5.00 5.00

Increase in Loans
Debenture 29.00 160.00
Term Loan 29.00 96.00
Working Capital - CC & PC 38.90 (238.00)
Unsecured Loan (15.00) 81.90 15.00

Net Inflow / (Outflow) (0.75) (43.65)

Net Cash Inflow / (Outflow) (0.30) (3.50)

Opening Cash & Bank Balance 1.50 5.00
Closing Cash and Bank Balance as on 31. 3. 2016 / 31. 3. 2015 1.20 1.50
 Short Term Solvency Ratios
2016
1 Current Ratio 1.3243701037
2 Quick Ratio 0.8331568918
3 Absolute Quick Ratio 0.002540758
4 Net Working Capital 153.2

Turnover Ratio
2016
1 Inventory Turnover Ratio 4.7335898333
2 Inventory Conversion Period 76.0522167488
3 Debtors Turnover Ratio
4 Debtors Conversion Period
5 Creditors Turnover Ratio
6 Creditors Payout Period
7 Operating Cycle
8 Net Operating Cycle
9 Cash Conversion Cycle
10 Total Asset Turnover Ratio 1.037514055
11 Fixed Asset Turnover Ratio 3.7412458533
12 Current Asset Turnover Ratio 1.6227018385
13 Working Capital Turnover Ratio 6.6253263708
Solvency Ratios
2015 2014
1.271192616 1.3450292398
0.7930531941 0.8040935673
0.0036434297 0.014619883
111.65 118

ver Ratio
2015 2014
4.6615163022
77.2280898876

1.1641595814 1.2254160363
4.4466650012 4.1538461538
1.700582784 1.7608695652
7.9713390058 6.8644067797