FINANCIAL & MANAGERIAL

ACCOUNTING

Assignment on Financial process of Raymonds

Submitted By :-
Avantika Tripathi
Aman Singh
Gaurab Mishra
Pranav Jain
Shakshi Sharma
Sidhant Bhardwaj
 BACKGROUND :-

• Indian branded fabric and fashion retailer.

• Incorporated in 1925.
• produces suiting fabric, with a capacity of producing
31 million meters of wool and wool-blended fabrics.
• owns apparel brands like Raymond, Raymond
Premium Apparel, Park Avenue, Park Avenue Woman,
ColorPlus & Parx.
• Has a network of over 1100 retail shops spread
across India and overseas, in over 380+ cities.
• Also has business interests in readymade garments,
designer wear, cosmetics & toiletries, engineering files
and tools, prophylactics and air charter operations.
• In 2019, Raymonds announced its venture into real
estate business under Raymond Realty.
• Raymond at 23rd among the most trusted brands of
India.(The Brand Report 2014)
• Raymond and its brands are also available in tier IV &
V cities.
• The top producer & preferred supplier of high quality
Ring Denim to world’s leading Jeanswear brands.
• also has an extensive presence in the B2B space,
through its garmenting business.
• Raymond has a portfolio of iconic brands across categories such
as :-
 SUITING
 SHIRTING
 GARMENTING
 RETAIL
 DENIM
 TOOLS & HARDWARE
 FMCG
 AUTOMOTIVE COMPONENTS
 MANUFACTURING
 APPAREL
Key competitors
1.) Current Ratio = Current assets
Current liabilities
= 401791.49
413366.95
= 0.971
2) Quick ratio = Quick/Current assets
Current Liabilities
Quick assets = Investments + Trade Receivables + Cash and cash
equivalents +
Bank balances other than cash and cash
equivalents + Loans +
Other financial assets
= 27608.39+ 125950.74 + 2119.16 + 10487.39 + 8477.24 +
4108.88+
32781.26 + 105.75
= 211,638.81
413366.95
3) Cash ratio = cash and cash equivalents
current liabilities
=2119.16
413366.95
•Debt to equity Ratio
= Debt
equity
=
•Capital Gearing Ratio

•Proprietary Ratio
•
•Profit margin = Gross Profit
Net sales
= 7383.07
327638.75
=0.022
•Asset turnover = Sales
Assets
= 327,638.75
425,721.35
= .76
•Return on assets = Profit
Assets
= 7383.07
425721.35
= .0173
•Return on equity = Net Income
Shareholder’s Equity
344,052.28
•Earnings per share = Total Earnings = 12.03
Outstanding Shares
Particulars year ended 31st year ended 31st
March’2019 March’2018
Absolute Change Percantage change
I. Revenue from operations 658228.34 590640.69
67587.65 11.44310765
II. Other income 12536.91 11849.87
687.04 5.797869512
III. Total Income (I + II) 670765.25 602490.56
68274.69 11.33207631
Iv. expenses:
0
Cost of materials consumed 124338.49 123105.44
1233.05 1.001621049
Purchases of stock-in-trade 182898.49 158281.55
24616.94 15.55262758
Changes in inventories of finished goods, work-in-progress -26613.48 -30818.26
stock-in-trade and property
4204.78 -13.6437943
under development 93481.77 83533.06
9948.71 11.90990729
Employee benefits 23260.23 18380.27
4879.96 26.54999083
Finance costs 19649.67 17033.73
2615.94 15.35741144
Depreciation and amortisation
0
Other expenses 83384.53 79058.76
4325.77 5.471588474
(a) Manufacturing and Operating Costs 8702.91 10,510.99
-1808.08 -17.20180497
(b) Costs towards development of property 134357.51 124179.08
10178.43 8.196573851
(c) Others 643460.11 583264.62
60195.49 10.32044255
Total expenses 27305.14 19225.94
8079.2 42.02239266
v. Profit before exceptional items, share of net profits/ (losses) -799.65 -503.16
of investment accounted for
-296.49 58.92559027
using equity method and tax (III-Iv) 26505.49 18722.78
7782.71 41.56813251
VI. Share in Profit/ (Loss) of Associates and Joint ventures -466.13 2095.2
-2561.33 -122.2475181
vII. Profit before exceptional items and tax (v+vI) 26039.36 20817.98
5221.38 25.08110777
VIII. Exceptional items - gain/(loss), (net)
0
Ix. Profit before tax (vII + vIII) 7383.08 5,682.07
1701.01 29.93644922
x. Tax expense: 1178.99 981.23
197.76 20.15429614
Current tax 8562.07 6663.3
1898.77 28.49594045
Deferred tax 17477.29 14154.68
3322.61 23.47357906
Total Tax expenses (net)
0
xI. Profit for the year
0
other Comprehensive Income 16.62 797.94
-781.32 -97.91713663
Items that will not be reclassified to profit or loss -644.43 1893.78
-2538.21 -134.0287679
(i) Remeasurements of post employment benefit obligations 643.15 -20.11
663.26 -3298.160119
(ii) Changes in Fair value of FVOCI equity instruments 66.36 -488.65
555.01 -113.5802722
(iii) Share of other comprehensive income of investments 81.7 2182.96
-2101.26 -96.25737531
accounted for using the equity method
0
(iv) Income Tax relating to these items -411.42 -637.85
226.43 -35.49894176
94.29 -190.87
285.16 -149.4001153
Items that may be reclassified to profit or loss - -

(i) Gains and losses arising from translating the financial -317.13 -828.72
statements of foreign operation
511.59 -61.7325514
(ii) Share of other comprehensive income of investments -235.43 1354.24
accounted for using the equity
-1589.67 -117.3846586
method 17241.86 15508.92
1732.94 11.17382771
(iii) Income Tax relating to these items
0
0
Total other Comprehensive Income for the year (net of 16798.29 13463
tax)
3335.29 24.77375028
Total Comprehensive Income for the year 679 691.68
-12.68 -1.833217673
17477.29 14154.68
3322.61 23.47357906
 Comparative Statement
Particulars As at 31st March, 2019 As at 31st March, 2018
Absolute Change Percentage Change
I. AsseTs

1. non-current assets

(a) Property, plant and equipment 192083.65 167724.44

24359.21 87.31843652
(b) Capital work-in-progress 11334.5 27021.48
-15686.98 238.4002823
(c) Goodwill 1150.18 1150.18
0 100
(d) Other intangible assets 255.02 5198.44
-4943.42 2038.444044
(e) Intangible assets under development 108.51 108.51
0 100
(f) Investments accounted for using equity method 12849.11 12516.77
332.34 97.41351736
(g) Financial assets
0
(i) Investments 13524.04 13747.45
-223.41 101.6519472
(ii) Loans 0 7568.67
-7568.67 #DIV/0!
(iii) Other financial assets 8349.84 7318.33
1031.51 87.64635011
(h) Deferred tax assets 6774.93 7236.7
-461.77 106.8158638
(i) Current tax assets (net) 7086.38 7412.01
-325.63 104.595153
( j) Other non-current assets 11137.35 10685.51
451.84 95.94302056
Total non Current Assets 264653.51 267688.49
-3034.98 101.1467749
2. Current assets
0 #DIV/0!
(a) Inventories 190152.68 161130.81
29021.87 84.73759613
0(b) Financial assets
0 #DIV/0!
(i) Investments 27608.39 37289.12
-9680.73 135.0644496
(ii) Trade receivables 125950.74 108590.67
17360.07 86.21677808
(iii) Cash and cash equivalents 2119.16 4549.83
-2430.67 214.6996923
(iv) Bank balances other than cash and cash equivalents 10487.39 4129.33
6358.06 39.37423897
(v) Loans 8477.24 475.82
8001.42 5.61291175
(vi) Other financial assets 4108.88 2851.45
1257.43 69.39725667
(c) Other current assets 32781.26 24186.38
8594.88 73.78111763
(d) Assets classified as held for sale 105.75 6.56
99.19 6.203309693
Total Current Assets 401791.49 343209.97
58581.52 85.41992017
Total Assets 666445 610898.46
55546.54 91.66524769
II. e Q uIT y A nd 0
LIA bILITy Ie s
1. e quit 0
(a) Equity share capital 6138.08 6138.08 0 100
(b) Other equity 189241.36 175065.2 14176.16 92.50895259
e quit y a t t ribut a ble t o 19 5 3 7 9 .4 4 18 12 0 3 .2 8 14176.16 92.74429285
o wne rsntro lling interests
No n-co 8297.81 7624.93 672.88 91.89087241
T o t a l e quit y 2 0 3 6 7 7 .2 5 18 8 8 2 8 .2 1 14849.04 92.70952451
2 . Lia bilit ie s 0
no n- c urre nt lia bilit ie s 0
(a) Financial liabilities 0
(i) B o rro wings 41125.36 66399.06 -25273.7 161.4552675
(ii) Other financial liabilities 286.7 4,541.22 -4254.52 1583.96233
(b) Deferred tax liabilities 2421.72 1867.04 554.68 77.09561799
(c) Other no n current liabilities 5567.02 4820.17 746.85 86.58438446
T o t a l no n C urre nt 4 9 4 0 0 .8 7 7 6 2 7 .4 9 -28226.69 157.1381233
Lia bilitntielia
s bilit ie s
C urre 0
(a) Financial Liabilities 0
(i) B o rro wings 173166.43 115012.58 58153.85 66.41736507
(ii) Trade payables 0
To tal o utstanding dues o f 795.27 530.02 265.25 66.64654771
micro
To tal oenterprises
utstanding and small
dues of 134401.49 112058.63 22342.86 83.37603251
credito rs oenterprises
ther than micro
and small 82752.59 96078.9 -13326.31 116.1037981
(iii) Other Financial Liabilities 6894.51 5946.19 948.32 86.24528792
(b) P ro visio ns 84.61 0 84.61 0
(c) Current tax liabilities (net) 15272.05 14816.44 455.61 97.01670699
(d) Other current liabilities 4 13 3 6 6 .9 5 3 4 4 4 4 2 .7 6 68924.19 83.32614884
T o t a l C urre nt Lia bilit ie s 4 6 2 7 6 7 .7 5 4 2 2 0 7 0 .2 5 40697.5 91.20563177
T o t a l Lia bilit ie s 666445 6 10 8 9 8 .4 6
55546.54 91.66524769
T o t a l e quit y a nd
Lia bilit ie s