Submitted To

Mr. Bhart Bhushan Nagpal

Chief financial officer
ESK INDIA COMMERECE & TRADE PVT LTD

Submitted by:
Mr VIJAY KUMAR
AMITY GLOBAL
BUSINESS SCHOOL
MBA 3rd SEM
SEC: B

SUBMITTED IN PARTIAL
FULFILLMENT OF THE
REQUIREMENT OF PGPM
OF
AMITY GLOBAL BUSINESS SCHOOL

PROJECT REPORT
ON
Financial Analysis
ESK INDIA COMMERECE & TRADE PVT.
LTD.
Submitted by:
Mr VIJAY KUMAR
MBA 3rd SEM
SEC: B

A Report On
[FINANCIAL ANALYSIS]

A Report Submitted in partial Fulfilment of the requirements of MBA program.

Faculty Guide

Industry Guide

Name-Heena Pura

Name- C.S Rajnish Chahal

Amity Global Business School

(Dept.) -Finance

Location- Gurgaon

Company Name -ESK INDIA

COMMERECE & TRADE PVT. LTD.
Location- GURGAON

AMITY GLOBAL BUSINESS SCHOOL, NOIDA

AMITY UNIVERSITY UTTAR PRADESH
CERTIFICATE OF ORIGIN

This is to certify that VIJAY KUMAR a student of MBA from AGBS Amity University, Noida
under fulfilment of the course has successfully done his / her project on FINANCIAL
ANALYSIS of ESK INDIA COMMERECE & TRADE PVT. LTD] from 1st June to 31st July.
During the period we found him / her sincere and hardworking.

We declare that the work done by him / her is his / her own and original to the best of our
knowledge.

We wish him / her success and bright future in life.

Authorized signatory
Name
Asst. manager
[ESK INDIA COMMERECE & TRADE PVT LTD.]

(Signature)

ACKNOWLEDGEMENT

It is not a single mans effort which is sufficient for the accomplishment of a Research. Various
factors, situations and persons integrate to provide the background for accomplishment of a task
requires the effort of so many people and the work is not different.
I acknowledge here the names of those people who have been instrumental in preparation of their
Research. I would like to thank [C.S Rajnish Chahal for his / her guidance and constant support
in the successful completion of my project.
I would also like to thank the entire team of ESK INDIA COMMERECE & TRADE PVT.LTD.
for the constant support and help in the successful completion of my project.
I am sincerely indebted to Mr / Ms [C.A Pooja Kaushik for his / her valuable suggestion and
inspiration to undertake this study and his / her help which he / she gave for the completion of
this research.

Vijay kumar

PREFACE

This project has been undertaken in the partial fulfilment of our internship require during the
pursuance of MBA from Amity Global Business School Sec 125 Noida.
Practical internship is an essential part of every professional program. It is very helpful in
proving knowledge for the practical aspects of academic studies.

In the project title finance the area covered includes [financial analysis]. It has been my
endeavour to bring out the procedure regarding efficient collection of information, its
presentation; and also the decision making process arising theyre from.

EXECUTIVE SUMMARY

This project is about the financial analysis of the company with the
help of Annual Report. We have taken 3 years of data and compare it
with each other so that we will able to understand company overall
performance regarding revenues, profit, cost and Expenses management,
risk management. Various tools and techniques have been used in this
project for analyzing.
This project is indeed helpful for the company for evaluation and
understanding the performance of the company. Ratio analysis,
Comparative Statements, Working Capital Management tools for
financial analysis, has been used. For evaluating growth of the company.

TABLE OF CONTENTS

Introduction
Financial Analysis
1) Ratios

16-21

2) Working capital

22-24

3) Comparative balance sheet

25-29

4) Comparative profit & loss A/C

30-33

References

34

INDRODUCTION
Profile & Services

ESK India (Sonepar Flagship Company in India) is pioneer in supplying the entire management of the site
installation material for Telecom, Solar, and Renewable Energy Solutions in India.
Sonepar is a global company with worldwide market leadership in B2B distribution of Electrical products
and related solutions. Founded in 1969, Sonepar employs 33,000 associates , having 2090 branches in
35 countries, revenue totalled at EUR14.7 Billion. Sonepar worldwide covers 4 market segments
Residential, Commercial, Industrial and Utilities and a pioneer in the field of Renewable Energy.

Sonepar and group companies with the worldwide presence and installation base in Europe , Americas
and Asia Pacific, are the pioneers in providing cutting edge technologies in Solar, Wind and other
Renewable Energy Solutions. ESK India is already an established and a well known entity, providing the
end to end solutions for Solar and Green Energy in India.

Warehouse
ESK India (Sonepar Flagship Company in India) is pioneer in supplying the entire management
of the site installation material for Telecom, Solar, and Renewable Energy Solutions in India.

Modern warehouse facility of 20000 Sqft with pallet racking

Highly skilled and trained Manpower.

System and process driven . ERP used - IScala.

All material planned and stored on FIFO methodology.

Daily and weekly cycle counting of material has resulted in nil variance.

More than 3000 products, different line items.

One complete kit from one interface directly to site instead of components from many
suppliers

systems.

Our 8 Core Values

Passion
Customer

People

Synergies

Profit

La Rfrence

Future

Ratios
Profitability
Ratio
Profit Margin

Particular
Profit After Tax
Sales
Particular
Profit Margin

Asset
Turnover ratio

Particular

2011-12
(55,83
1,104)
70,45
4,881

2010-11
(20,03
4,328)
86,77
4,397

2012-13

2011-12

2010-11

(8)

(79)

(23)

2012-13

2011-12

Average Total
Assets

265,1
48,884
133867307.
5

70,4
54,881
131506266.
5

Particular
F.A+C.A

2012-13
156692732

2011-12
111041883

2010-11
151970650

Particular

2012-13

2011-12

2010-11

1.98

0.54

1.14

2012-13

2011-12

2010-11

(20,55
2,003)
133867307.
5

(55,83
1,104)
131506266.
5

Sales

Asset Turnover

Return on
Assets or
Return on
Invenstment

2012-13
(20,55
2,003)
265,14
8,884

Particular
Profit After Tax
Av. Total Assets

2010-11
86,7
74,397
75985325

(20,03
4,328)
75985325

Particular
ROI

Return on
Equity or RoE

Particular

2011-12

2012-13

2011-12

2010-11

(20,55
2,003)

Av. Sh. Holder

Equity

58186789.5

62215843

41128197.5

Particular
Share Cap.+ R & S

2012-13

2011-12

2010-11

Particular

2012-13

2011-12

2010-11

(35.32)

(89.74)

(48.71)

2012-13

2011-12

2010-11

(20,55
2,003)
17502500

(55,83
1,104)
12245000

(20,03
4,328)
10670000

Particular
Profit After Tax
No. of Eq. Shares#
EPS

Particular
EPS

74198288

(1.17)

2012-13
(1.17)

(55,83
1,104)

2010-11

Profit After Tax

RoE

Earnings per
Share

2012-13

42175291

(4.56)

2011-12
(4.56)

(20,03
4,328)

82256395

(1.88)

2010-11
(1.88)

EPS
2012-13
(0.50)

2011-12

2010-11

(1.00)
(1.50)

EPS

(2.00)
(2.50)
(3.00)
(3.50)
(4.00)
(4.50)
(5.00)

current ratio

Particular
Current Assets
Current Liabilities

2012-13
151725398
82011242

2011-12
101791653
68620180

2010-11
141270678
69560942

Particular

2012-13

2011-12

2010-11

1.85

1.48

2.03

Current Ratio

Quick Ratio

Particular
Quick Assets
Current Liabilities
Particular
Inventories
Particular
Quick Ratio

2012-13
95,3
21,375
82011242

2011-12
49,4
85,332
68620180

2010-11
90,9
60,856
69560942

2012-13
56,4
04,023

2011-12
52,3
06,321

2010-11
50,3
09,822

2012-13

2011-12

2010-11

1.16

0.72

1.31

Debtors
Turnover
Ratio

Particular

2012-13

2011-12

2010-11

265,1
48,884
29909909

70,45
4,881
30082136.5

86,77
4,397
24338221.5

Particular
Debtors

2012-13

2011-12

2010-11

Particular
Debtors Turnover
Ratio

2012-13

2011-12

2010-11

8.86

2.34

3.57

Particular

2012-13

2011-12

2010-11

Sales
Av. Debtors

Average
Collection
Period

11487830

48676443

No. of Days in a
Year
Debtors Turnover
Ratio

365

365

365

8.86

2.34

3.57

Particular

2012-13

2011-12

2010-11

41.17

155.84

102.37

2011-12

2010-11

Av. Coll. Period

Inventory
Turnover
Ratio

48331988

Particular
COGS
Av. Inventory

2012-13
221,0
34,920
54,3
55,172

66,8
29,192
51,3
08,072

73,7
52,438
25,1
54,911

Particular
Inventories

Particular
Inventories
Turnover
Ratio

Creditors
Turnover
Ratio

2012-13
6,404,023

2011-12
52,3
06,321

2010-11
50,3
09,822

2012-13

2011-12

2010-11

4.07

1.30

2.93

Particular

2012-13
69,33
2,976
58,
746.88

Average Creditors
Purchases
Days
Weeks
Months
Particular
Creditors

2011-12

2010-11

65,09
5,884
66,82
9,192

32,53
9,277
73,75
2,438

365

365

365

52

52

52

12
2012-13

12
2011-12

12
2010-11

73552738

65113214

65078554

Particular
Creditors Turnover
Ratio
Creditors Turnover
Ratio
Creditors Turnover
Ratio

Capital
Market
Ratio
Price-Earning
Ratio

Particular
share price
Earning Per Share

2012-13
430,7
72.43
61,
370.32
14,
162.38

2011-12

2010-11

355.53

161.04

50.65

22.94

11.69

5.29

2012-13

2011-12

2010-11

10

10

10

(1.17)

(4.56)

(1.88)

Working capital
Working capital= current Assets
CURRENT ASSTES:
Inventories
Sundry Debtors
Cash & cash equivalent
Loans & Advances (short tearm)
other ccurrent assets
Total

56,404,023

52,306,321

48,331,988

11,487,830

41,427,500

35,390,428

5,436,397

2,411,928

125,490

195,146

151,725,398

101,791,653

working capital
160,000,000

151,725,398

140,000,000
120,000,000

101,791,653

100,000,000

working capital

80,000,000
60,000,000
40,000,000
20,000,000
2012-13

2011-12

Net working capital=current Assets-current liabilities

CURRENT ASSTES:
Inventories

56,404,023

52,306,321

48,331,988

11,487,830

41,427,500

35,390,428

5,436,397

2,411,928

125,490

195,146

151,725,398

101,791,653

73,552,738

65,113,214

7,097,667

2,357,552

1,141,800

989,242

219,037

160,172

82,011,242

68,620,180

Year

2012-13

2011-12

CURRENT ASSTES:

151,725,39 101,791,6
8
53

Sundry Debtors
Cash & cash equivalent
Loans & Advances (short tearm)
other ccurrent assets
Total

Current Liabilities:
Sundry Creditors
Other Liabilities
statutory liabilities
short tearm provision for leave
encashment
Total

Current Liabilities:

82,011,242 68,620,18

0
working capital

151,725,39 101,791,6
8
53

Net working capital

33,171,47
69,714,156 3

Net working capital

60,000,000
50,000,000
40,000,000

Net working capital

30,000,000
20,000,000
10,000,000
2012-13

2011-12

Comparative balance sheet

HORIZONTAL
ANALYSIS

Particular

201213

INCREA
SE(DECRE
ASE)

2011-12

Shareholder's Funds:
Share Capital

175,025,0
00

122,450,000

52,575,000

43

Researve & Surplus:

balance as per the last
ffinancial year

(80,274,7
09)

(24,443,605)

Profit & Loss A/c

(20,552,0
03)

(55,831,104)

Total

(100,826,
712)

(80,274,709)

Secured Loan

(55,831,104) 228
35,279,101

(63
)

(20,552,003) 26
-

Unsecured Loan

Current Liabilities:
Sundry Creditors

73,552,73
8

65,113,214

8,439,524

13

Other Liabilities
statutory liabilities
short tearm provision
for leave encashment
Total

7,097,667
1,141,800
219,037
82,011,2
42

2,357,552
989,242
160,172
68,620,180

Provision:
Provision for gratuity

4,740,115

201

152,558

15

58,865

37

13,391,062

20

483,202

246,412

236,790

96

Total

156,692,
732

111,041,883

ASSETS

computer and
components
Plant & Machinary
office equipment
furnitures and Fixtures

5,939,162
1,913,674
1689101
964,900
2,706,371

5,939,162
1,357,836
1,524,461
867000
2,706,371

Total

13,213,2
08

12,394,830

less depricationn

9,075,49
0

5,576,892

net tangiable assets

4,137,71
8

6,817,938

Intangible Assets
(software)
less AMORTIZATION
Total Intangiable assets
Net Fixed Assets

41

FIXED ASSETS:
lease hold

45,650,849

411,991
352,216
59,775

411,991
214,886
197,105
7,015,043

555,838

41

164,640

11

97,900

11

818,378

3,498,598

63

(2,680,220)

(39
)

137,330

64

(137,330)

(70
)

4,197,493

(2,817,550)

(40
)

INVESTMENT:

300,000

300,000

long tearm loan and

Advances

469,841

1,935,187

(1,465,346)

(76
)

CURRENT ASSTES:

Inventories

56,404,02
3

52,306,321

Sundry Debtors

48,331,98
8

11,487,830

Cash & cash equivalent

41,427,50
0

35,390,428

Loans & Advances

(short tearm)
other ccurrent assets
Total

Grand Total

5,436,397
125,490

2,411,928
195,146

151,725,3
98

101,791,653

156,692,7
32

111,041,883

4,097,702

36,844,158

321

6,037,072

17

3,024,469

125

(69,656)

(36
)

49,933,745

49

45,650,849

41

currnet liabilities
85,000,000

82,011,242

80,000,000
currnet liabilities

75,000,000
68,620,180
70,000,000
65,000,000
60,000,000
2012-13

2011-12

net fixed assets

7,015,043

8,000,000
7,000,000
6,000,000

4,197,493

net fixed assets

5,000,000
4,000,000
3,000,000
2,000,000
1,000,000
2012-13

2011-12

investment
1,935,187
2,000,000
1,800,000
1,600,000
1,400,000
1,200,000
1,000,000
800,000
600,000
400,000
200,000
-

investment
469,841

2012-13

2011-12

CURRENT ASSTES:
160000000
140000000
120000000
100000000
80000000
60000000
40000000
20000000
0
0.8

1.2

1.4

1.6

1.8

2.2

share capital
175,025,000
180,000,000
160,000,000
140,000,000
120,000,000
100,000,000
80,000,000
60,000,000
40,000,000
20,000,000
-

122,450,000
share capital

2012-13

2011-12

COMPARA
TIVE
STATEEME
NT OF
PROFIT &
LOSS
HORIZONTAL
ANALYSIS

Particular

201213

2011-12

INCREA
SE(DECRE
ASE)

INCOME
Net Sales

2651488
84

70454881

194694003 276.
34

Other Income

2623732

386775

2236957 578.
36

Total Revenue

267772
616

70841656

196930960 277.
99

Cost of sale

2210349
20

66829192

154205728 230.
75

employee benefits
expenses

2384619
8

19808661

4037537 20.3
8

Manufacturing,
Administrative Expenses

3980757
3

36642922

3164651

Depreciation

3635928

3391985

243943

Total Expenditure

288324
619

126672760

EXPENDITURE

PBT
current tax
deferred tax
PAT/loss

2055200
3
0
0
2055200
3

-55831104

8.64
7.19

161651859 127.
61

35279101 (63.1
9)

0
0
-55831104

35279101 (63.1
9)

net sales
300,000,000.00
250,000,000.00
200,000,000.00

net sales

150,000,000.00
100,000,000.00
50,000,000.00
2012-13

2011-12

Total Expenditure
300,000,000.00
250,000,000.00
200,000,000.00
Total Expenditure

150,000,000.00
100,000,000.00
50,000,000.00
2012-13

2011-12

profit before tax

2012-13 2011-12
(10,000,000.00)
(20,000,000.00)

profit before tax

(30,000,000.00)
(40,000,000.00)
(50,000,000.00)
(60,000,000.00)

Profit after Tax

-

2012-13
(10,000,000.00)
(20,000,000.00)
(30,000,000.00)
(40,000,000.00)
(50,000,000.00)
(60,000,000.00)

2011-12

Profit after Tax

REFFERNCES
Books
Financial Management
Financial Accounting
Excel- Data analysis and business modeling

Websites
www.wikipedia.org
www.google.com

www.redif.com