A STUDY ON INVENTORY MANAGEMENT IN RAMCO CEMENT LIMITED.

CHAPTER-I

INRODUCTION

ABOUT THE STUDY

Inventory management is primarily about specifying the size and placement of stocked
goods. Inventory management is recurred at different locations within a facility or within
multiple locations of a supply or network to protect the regular and planned course of production
against the random disturbance of running out of materials or goods. The scope of Inventory
management also concerns the fine lines between replenishment lead time, carrying costs of
inventory, asset management, Inventory forecasting, physical inventory, available physical space
for Inventory, quality management, returns and defective goods and demand and forecasting.

TYPES OF INVENTORY

Normally the inventory has divided into two types. These,

 Merchandising inventory,
 Manufacturing inventory.

The manufacturing inventory has been subdivided into three types. These,

 Raw materials,
 Work in process,
 Finished goods.

 Raw materials: Everything the crafter buys to make the product is classified as raw
materials. That includes leather, dyes, snaps and grommets. The raw material inventory
only includes items that have not yet been put into the production process.
 Work in process: This includes all the leather raw materials that are in various stages of
development. For the leather crafting business, it would include leather pieces cut and in
 the process of being sewn together and the leather belts and purse etc. that are partially
constructed.
 In addition to the raw materials, the work in process inventory includes the cost of the
labor directly doing the work and manufacturing overhead. Manufacturing overhead is a
catchall phrase for any other expenses the leather crafting business has that indirectly
relate to making the products. A good example is depreciation of leather making fixed
assets.
 Finished goods: When the leather items are completely ready to sell at craft shows or
other venues, they are finished goods. The finished goods inventory also consists of the
cost of raw materials, labor and manufacturing overhead, now for the entire product

NEED OF THE STUDY:

The importance of Cash management in any industrial concern cannot be overstressed.

Under the present inflationary condition, management of Cash is perhaps more important than
even management of profit and this requires greatest attention and efforts.

It needs vigilant attention as each of its components require different types of treatment
and it throws constant attention on exercise of skill and judgment, awareness of economic trend
etc, due to urgency and complicacy the vital importance of Cash.

The anti-inflationary measure taken up creating a tight money condition has placed
working capital in the most challenging zone of management and it requires a unique skill for its
management. Today, the problem of managing Cash has got the recognition of separate entity, so
its study and management is of major importance to both internal and external analyst to judge
the current position of the business concerns. Hence, the present study entitled “A study on Cash
Management” has been taken up.
SCOPE OF THE STUDY

 The study helps the management to improve its profitability through a reduction
in non- moving inventory.
 It develops the policies for both continuous review of inventory management
system.
 The study helps to show the level of the inventory in the organization. The
company will make the proper inventory methods from the suggestions of the
study.

SIGNIFICANCE OF THE STUDY:

 Every company must consider their liquidity position, profitability and solvency position
and also the main attention should be on smooth working capital position.
 For this analysis the ratios, working capital requirements for the next five years period to
enables meaningful planning for the future.
 Researcher worked and applied various tables in relevant ratio from the data collection in
RAMCO CEMENT LIMITED.
 Researcher giving more suitable idea to the management and developed the company in
various ways. Researcher analysis some table in statistical approaches of trend line.

STATEMENT OF THE PROBLEM

There are a number of problems that can cause havoc with inventory management. Some
happen more frequently than others. Here are some of the more common problems with
inventory systems.

Unqualified employees in charge of inventory, Using a measure of performance for their

business that is too narrow, Not identifying shortages ahead of time, Bottlenecks and weak points
can interfere with on-time product delivery, Too much distressed stock in inventory, Excessive
inventory in stock and unable to move it quickly enough, Computer assessment of inventory
items for sale is inaccurate, Computer inventory systems are too complicated, Items in-stock gets
misplaced, Not keeping up with the rising price of raw materials.
OBJECTIVES OF THE STUDY

 To analyze the inventory those are sufficient to perform production and sales
activities smoothly.

 To study the inventory management followed in Ramco cement limited.

 To identify the existing inventory management and its effectiveness.

 To calculate analysis for their performance in inventory management.

RESEARCH METHODOLOGY

RESEARCH DESIGN

The Descriptive type of research has been applied in the study. This research the
researcher has no control over the variables. Only reports what has happened or what is
happening. The research can only discover causes but cannot control the variables.

DATA COLLECTION

This study purely based on secondary sources of information. The necessary data
calculated from annual report, books, journals and websites.

PERIOD OF STUDY

This study covers a period of five years from 2011-2016. The accounting year
commenced from April and ending with March of the next year.

AREA OF STUDY

This study was conducted in RAMCO CEMENT LIMITED.

TOOLS FOR ANALYSIS

The following tools have been applied in the present study. They are listed below

 Ration analysis (inventory) and

 EOQ analysis
RATIO ANALYSIS (INVENTORY)

The percentage of a mutual fund or other investment vehicle's holdings that have
been "turned over" or replaced with other holdings in a given year. The type of mutual fund, its
investment objective and/or the portfolio manager's investing style will play an important role in
determining its turnover ratio.

ECONOMIC ORDER QUANTITY (EOQ)

Economic order quantity is that level of inventory that minimizes the total of inventory
holding cost and ordering cost. The framework used to determine this order quantity is also
known as Wilson EOQ Model. The model was developed by F. W. Harris in 1913.The most
economical quantity of a product that should be purchased at one time. The EOQ is based on all
associated costs for ordering and maintaining the product. EOQ refers to the size of the order
which gives maximum economy in punches of materials.

2 Ao
EOQ = √
C1

Where
A = Annual usage in unit
O = Ordering cost
C1 = Carriying cos
INVENTORY CONVERSION PERIOD

The inventory conversion period is the time required to obtain materials for a product,
manufactured it, sell it.

No. of days in the year

Inventory conversion period =
Inventory turnover ratio

ECONOMIC ORDER QUANTITY:

Economic order quantity is a decision tool used in cost accounting it’s a formula that
allows you to calculate the idea quantity of inventory to order for a given product the calculation
is designed to minimize ordering and carrying costs.

LIMITATIONS OF THE STUDY:

However, there can be a number of issues with utilizing the statement of cash flows as an
investor speculating about different organizations. The simplest drawback to a cash flow
statement is the fact that cash flows can (but not always) omit certain types of non-cash
transactions. As the name implies, the statement of cash flows is focused exclusively on tangible
changes in cash and cash equivalents.

CHAPTERIZATION SCHEME

 Chapter I deal with the introduction, company profile, and industry profile
 Chapter II deals with the review of literature
 Chapter III deals with the research methodology
 Chapter IV deals with the data analysis and interpretation
 Chapter V deals with the finding, suggestion, and conclusion
 CHAPTER-II

REVIEW OF LITERATURE

REVIEW OF LITERATURE

Bharathipathak 1991 The bulk of the banking business in the country is in the public sector
comprising the state bank of India and its seven associated banks and twenty nationalized
commercial banks till 1991, the Indian banking industry was operating in a highly regulated and
protected regime. But with the acceptance of Norseman committee recommendation, competition
has been injected into the banking industry in two forms.

The study has been found that HDFC Bank emerged as a leader in this financial analysis
of the year ended 2000-01. It closest competitor was ICICI Bank. Financial performance of the
other three, no doubt, lagged behind them, but it by no means, depressing. These Bank
obviously, have to focus more improving parameters like credit quality and cost control for the
emerge as the top performance.

R. Hamsalakshmi-M.Manicham 2000 “The study, it has been found the liquidity position and
working capital positions were favorable and good during period of study. Regarding turnover
ratio, efficiency in management of fixed assets and total assets must be increased. Regarding
return on investment and return on equity was proved that the overall profitability position of the
software companies had been increasing at a moderate way.

DrR.Dharmaraj 2003 ”The study iatrical “positing in Indian management industry ’’ have
concluded that for the last five year, there has been proliferation of international and domestic
providence of mutual funds. He says that this increased growth is due to the increasing cash
flows among innovative young companies through India.

Dr Harish kumar2008 A capital adequacy ratio was constant over a period of time. During the
study period. It was observed that the return on net worth had negative correlation with the debt
equity ratio. Inters income to working funds also had a negative association with interest
coverage ratio and the non performing to net advance was negatively correlated with interest
coverage ratio.

J R Raiyani2009 During the periods of high inflation depending on conventional accounting

wisdom. May results in firm’s financial information losing its meaning and creation of
unrealistic expectation among information users.

Dr.KavithaChavvali 2009 Inventory analysis of gold exchange trade funds. Mathew T.Jones
and Maurice ousted (2007) revised and evaluated pre world war ii current date for countries by
treating gold follows on a continuous basis. The historical data of saving and investment was
taken over a time period of 1850- 1945.

N.Prasanna 2009 Stock performance Aitkin 1997 the external effect foreign direct investment
on export with example of Bangladesh where entry of a koala multinational in garment exports
led establishment of a member of domestic export firms creating the country’s largest export
industry.

Awedh2005 defend that inflator does not have really an effect on the profitability measured by
return on equity of foreign banks exerting in Lebanon. In the same way, the author steers that the
level of inflation affect more than the return on assets of Lebanese bank than foreign banks in
Lebanon.

Dr.Sushilkumar Mehta 2010The financial performance mutual funds schemes. Jayden (1996)
attempted of evaluate the performance of two growth oriented mutual funds on the basis of
monthly return. It was found that master gain performed better according to Jensen and trey nor
measures and basis of sharps ratio.

Monika uppal 2010Financial performance factors a survey of the literature shows that the
foreign bank performance is affected by factors like the economic and financial environment.
Among these factors one can equate the growth rate of gross domestic product, monetary market
rate, inflation rate and foreign exchange rate. (Williams 1998).
 CHAPTER IV

DATA ANALYSIS AND INTERPRETATION

TABLE - 4.1.1

LEVEL OF INVENTORY

Qty in thousand tones

S.NoS Particulars 2012-13 2013-14 2014-15 2015-16 2016-17

Raw materials

Lime stone 3330.80 5169.86 8392.21 11109.76 11265.50

(stacker 60 Per cent)

1 Iron ore
1387.83 2154.11 3496.76 4629.10 4693.96
(stacker 25 Per cent)

Clay ash
(stacker 15 Per cent) 832.70 1292.47 2098.05 2777.44 2816.40
TOTAL(clinker) 5551.33 8616.44 13937.02 18516.26 18775.86
2 Work in process 5386.48 8451.74 13822.02 18351.46 18611.09
3 Finished goods 6251.55 9316.59 14522.32 19216.54 19416.11

Total 17189.36 26384.77 42331.36 56084.26 56803.06

INTERPRETATION

The inventory level was found to be increased trend from 2012-2013 to 2015-2017. The
overall inventory level position for the five years is satisfactory.
 0
10000
20000
30000
40000
50000
60000
Raw materials
CHART - 4.1.1

Lime stone

(stacker 60 Per cent)

LEVEL OF INVENTORY

Iron ore

1
(stacker 25 Per cent)

Clay ash

(stacker 15 Per cent)

TOTAL(clinker)

2
Work in process

Finished goods

3
Total
2016-17
2015-16
2014-15
2013-14
2012-13
INVENTORY TURNOVER RARIO

. The inventory turnover ratio measures the number of times a company sells its inventory
during the year.

Costofsales
Inventoryturnoverratio =
Averagestock

Costofsales = sales − Grossprofit

Opening stock + Closing stock

Average stock =
2

TABLE - 4.1.2
INVENTORY TURNOVER RARIO

Cost of goods sold

S.No Year Average stock (in tones) Inventory turnover ratio
(`in lakhs)

1 2012-13 2663028 487428 5.46

2 2013-14 2844494 503184 5.65

3 2014-15 3094850 819401.5 3.78

4 2015-16 4010580 945491.5 4.24

5 2016-17 4521886 822538.5 5.50

Source: Annual reports of RAMCO CEMENT LIMITED.

INTERPRETATION

The inventory turnover ratio was high in the year 2013-2014 after that 2014-2015 the
inventory turnover ratio was decreased. The present value of inventory turnover ratio is good.
CHART - 4.1.2

INVENTORY TURNOVER RATIO

5.65 5.5
6 5.46

5
4.24
3.78
4

0
2012-13 2013-14 2014-15 2015-16 2016-17
INVENTORY CONVERSION PERIOD

The inventory conversion period is the time required to obtain materials for a product,
manufactured it, sell it.

No. of days in the year

Inventory conversion period =
Inventory turnover ratio

TABLE – 4.1.3

INVENTORY CONVERSION PERIOD

Inventory conversion
S.No Year No. of days Inventory turnover ratio
period (in days)

1 2012-13 365 5.46 66

2 2013-14 366 5.65 64

3 2014-15 365 3.78 96

4 2015-16 365 4.24 86

5 2016-17 365 5.50 65

Source: Annual reports of RAMCO CEMENT LIMITED.

INTERPRETATION

The inventory conversion period is normally indicates the wealth of the company. The
company wants to concentrates with its inventory conversion period.
CHART – 4.1.3

INVENTORY CONVERSION PERIOD

96
100
86
90
80
66 64 65
70
60
50
40
30
20
10
0
2012-13 2013-14 2014-15 2015-16 2016-17
 ANALYSIS PART-2

EOQ ANALYSIS

TABLE-4.2.1

EOQ ANALYSIS FOR THE YEAR 2012-13

Total Total Saving

Annual
Item O C P EOQ investment investment inventory
requirement
with EOQ without EOQ cost

Iron Ore 31500 36 1.5 65 1230 81794 138615 56821

Lime Stones 15000 40 1.25 144 980 142345 145225 2880

Clay Ash 14000 42 2 144 767 111982 135915 23933

34.
Sulphur 13000 1.75 153 716 110801 133927 23136
5

Gypsum 13500 35 1.25 144 869 126223 130688 4465

36.
Bauxite 11500 1.5 150 748 113322 116173 2851
5

Source: Annual report of RAMCO CEMENT LIMITED.

INTERPRETATION

The company’s annual requirement for the year 2012-13 is 101000 tons of raw materials. They
using investment with EOQ spent 787168. When the same in without investing EOQ is
882551. So the company saved 169432 in the year 2012-13.
CHART-4.2.

EOQ ANALYSIS FOR THE YEAR 2012-13

160000

140000

120000

100000

80000 Iron Ore

Lime Stones
60000
Clay Ash
40000 Sulphur

20000 Gypsum
Bauxite
0
TABLE-4.2.2

EOQ ANALYSIS FOR THE YEAR 2012-13

Total
Annual Total
investment Saving
Item requiremen O C P EOQ investment
without inventory cost
t with EOQ
EOQ

Iron Ore 33500 35 1.5 75 1250 95626 169675 74049

Lime Stones 13500 41 2 154 744 116064 140115 24051

Clay Ash 16500 55 1.55 154 1100 171050 171050 0

Sulphur 14000 35 1.5 163 808 132916 153304 20388

Gypsum 12500 36 2 154 671 104676 153304 20388

Bauxite 11000 37 2.5 160 571 92787 118752 25965

Source: Annual report of RAMCO CEMENT LIMITED.

INTERPRETATION

The company’s annual requirement for the year 2012-13 is 103700 tons of raw materials.
They using investment with EOQ spent 590000. When the same in without investing EOQ is
921215. So the company saved 195739 in the year 2012-13.
CHART-4.2.3

EOQ ANALYSIS FOR THE YEAR 2012-13

180000

160000

140000

120000

100000
Iron Ore
80000
Lime Stones
60000 Clay Ash

40000 Sulphur
Gypsum
20000
Bauxite
0
 TABLE-4.2.3

EOQ ANALYSIS FOR THE YEAR 2013-14

Total
Total Saving
Annual investment
Item O C P EOQ investment inventory
requirement without
with EOQ cost
EOQ

Iron Ore 13500 34 1.5 65 1260 83789 153905 7046

Lime Stones 13500 36 1.5 167 805 135642 151515 15873

Clay Ash 15000 38 1.75 165 807 134567 166445 13878

Sulphur 14000 37 1.75 164 769 127462 154384 26922

Gypsum 15000 35 2.5 165 648 108540 166775 58235

Bauxite 11200 36.5 1.75 170 684 117476 128191 10715

Source: Annual report of RAMCO CEMENT LIMITED.

INTERPRETATION

The company’s annual requirement for the year 2013-14 is 98500 tons of raw materials.
They using investment with EOQ spent ` 68646. When the same in without investing EOQ is `
800543. So the company saved 114076 in the year 2013-14.
CHART-4.2.3

EOQ ANALYSIS FOR THE YEAR 2012-13

1000000
900000
800000
700000
600000
500000 Bauxite
400000 Gypsum
300000
Sulphur
200000
100000 Clay Ash
0 Lime Stones
Iron Ore
TABLE-4.2.3

EOQ ANALYSIS FOR THE YEAR 2013-14

Total
Annual Total Saving
investment
Item requiremen O C P EOQ investment inventory
without
t with EOQ cost
EOQ

Iron Ore 13500 34 1.5 65 1260 83789 153905 7046

Lime Stones 13500 36 1.5 167 805 135642 151515 15873

Clay Ash 15000 38 1.75 165 807 134567 166445 13878

Sulphur 14000 37 1.75 164 769 127462 154384 26922

Gypsum 15000 35 2.5 165 648 108540 166775 58235

Bauxite 11200 36.5 1.75 170 684 117476 128191 10715

Source: Annual report of RAMCO CEMENT LIMITED.

INTERPRETATION

The company’s annual requirement for the year 2013-14 is 98500 tons of raw materials.
They using investment with EOQ spent ` 68646. When the same in without investing EOQ is `
800543. So the company saved ` 114076 in the year 2013-14.
CHART-4.2.3

EOQ ANALYSIS FOR THE YEAR 2013-14

180000
160000
140000
120000
100000
80000 Iron Ore
60000 Lime Stones
40000 Clay Ash
20000
Sulphur
0
Gypsum
Bauxite
TABLE-4.2.4

EOQ ANALYSIS FOR THE YEAR 2014-15

Total
Total Saving
Annual investment
Item O C P EOQ investment inventory
requirement without
with EOQ cost
EOQ

Iron Ore 34000 36 1.5 95 1271 123231 217605 94374

Lime Stones 12500 37 1.75 174 727 127770 146226 18456

Clay Ash 14000 40 1.5 175 864 152496 164575 12079

Sulphur 16000 38 1.75 174 834 146575 187161 40586

Gypsum 18000 36 2.75 175 686 121938 212190 90252

Bauxite 17000 37 1 180 1122 203082 205062 1980

Source: Annual report of RAMCO CEMENT LIMITED.

INTERPRETATION

The company’s annual requirement for the year 2014-15 is 111500 tons of raw materials. They
using investment with EOQ spent 875092. When the same in without investing EOQ is 1132819.
So the company saved 2577276 in the year 2014-15.
CHART-4.2.4

EOQ ANALYSIS FOR THE YEAR 2014-15

250000

200000

150000
Iron Ore
100000
Lime Stones
50000 Clay Ash
0 Sulphur
Gypsum
Bauxite
TABLE-4.2.5

EOQ ANALYSIS FOR THE YEAR 2015-16

Total Total Saving

Annual
Item O C P EOQ investment investment inventory
requirement
with EOQ without EOQ cost

Iron Ore 38000 37 1.75 105 1268 135358 268736 133378

Lime
13500 35 1.25 185 869 161852 167588 5736
Stones

Clay Ash 12000 38 3 195 551 109099 157770 48671

Sulphur 15000 40 3.25 185 608 114455 187225 72770

Gypsum 17000 40 1.25 194 1043 203646 221110 17464

Bauxite 18000 39 2.75 200 715 144965 242235 97270

Source: Annual report of RAMCO CEMENT LIMITED.

INTERPRETATION

The company’s annual requirement for the year 2015-16 is 113500 tons of raw materials.
They using investment with EOQ spent 869375. When the same in without investing EOQ is
1244664. So the company saved 375289 in the year 2015-16.
CHART-4.2.5

EOQ ANALYSIS FOR THE YEAR 2015-16

300000

250000

200000

150000 Iron Ore

Lime Stones
100000
Clay Ash
50000 Sulphur
Gypsum
0
Bauxite
 CHAPTER-V

SUMMARY OF FINDINGS, SUGGESTIONS AND CONCLUSION

FINDINGS

RATIO ANALYSIS (INVENTORY)

 In inventory level of the company, the in inventory level has been increased year
by yea. There is no problem in the inventory level of the RAMCO CEMENT
LIMITED. In inventory turnover ratio the ratios of the year has been finded as
low in the years of 2013-14 and 2014-15. After those periods the inventory
turnover ratio has slightly increased in the year 2015-16. Even though that level is
quite low when compare with 2012-13.

 In inventory conversion period is finded as good level. Even though they wants to
keep the inventory conversion period as low.
EOQ ANALYSIS

 In EOQ analysis for the year 2013-14 to 2016-17 is good. For this year they
followed EOQ with investment for purchase of goods.
 In EOQ analysis for the year 2013-14 to 2016-17 is good. For this year they
followed EOQ with investment for purchase of goods.
 In EOQ analysis for the year 2014-15 to 2016-17 is good. For this year they
followed EOQ with investment for purchase of goods.
 In EOQ analysis for the year 2015-16 to 2016-17 is good. In this year the EOQ
with investment and EOQ without investment are same.
 In EOQ analysis for the year 2012-13 to 2016-17 is good. All years of EOQ is
followed only investment with EOQ.
SUGGESTION

RATIO ANALYSIS (INVENTORY)

 In inventory level of the company shows the increase of the raw materials, work-
in-process and finished goods. The inventory level of RAMCO CEMENT
LIMITED is well.
 In inventory turnover ratio finded some problems. They want sell their product to
outside also. Now they use their cement which is produced in RAMCO
CEMENT LIMITED. For their own purpose. They want to sell that to others
also then only the ratio will be increased.
 RAMCO CEMENT LIMITED. Sells the 25 per cent of the cements produced,
remaining they used for own purpose. For sales to others they allowed more days
as credit to their agents.
EOQ ANALYSIS
 In EOQ analysis there is no problems finded in findings for the RAMCO
CEMENT LIMITED. Even though they want to keep that situation in upcoming
years also. Then only they can retain position.
 In EOQ analysis there is no problems finded in findings for the RAMCO
CEMENT LIMITED.. Even though they want to keep that situation in upcoming
years also. Then only they can retain position.
 In EOQ analysis there is no problems finded in findings for the RAMCO
CEMENT LIMITED. Even though they want to keep that situation in upcoming
years also. Then only they can retain position.
 In EOQ analysis there is no problems fined in findings for the RAMCO
CEMENT LIMITED. The EOQ was finded as same in the concept of EOQ with
investment and EOQ without investment, even though they followed EOQ with
investment.
 In EOQ analysis there is no problems finded in findings for the RAMCO
CEMENT LIMITED. Even though they want to keep that situation in upcoming
years also. Then only they can retain position.
CONCLUSION

The study covers the inventory management for effective inventory control. I have used a
technique Economic Order Quantity Analysis named as EOQ Analysis for find out the rate with
EOQ and without EOQ investment for RAMCO CEMENT LIMITED. Hence the inventory
management of the organization quite good. During the year 2012-2017 from this study I
concluded that organization would be effective inventory management. The study will be use for
RAMCO CEMENT LIMITED in various ways.

BIBLIOGRAPHY
BOOKS
 Ashok Banerjee - Financial Accounting – A Managerial Emphasis – Excel Books – 2005
 Collis – Business Accounting – Palgrave Macmillan – 2007
 Khan MY Jain P.K – Management Accounting : Text, problems and cases 4th Edition –
Tata McGraw Hill – 2007
 Pandikumar – Management Accounting – Excel Books – 2007
 Ramachandran N Kakani Kumar Ram – Financial Acccounting For Management – Tata
McGraw Hill – 2006
 Robert N.Anthony David F.Hawkins Kenneth A. Merchant – Accounting Text and Cases
– Tata McGraw Hill – 2007
 S.K Bhattacharyya JhonDearden – Costing for Management – Vikas Publishing – 2002
 S.N Maheswari S.K Maheswari – Accounting for Management – Vikas Publishing –
2006
Balance sheet
(Rs crore)
2016-2017 2015-2016 2014-2015 2013-2014 2012-2013
Sources of funds
Owner's fund
Equity share capital 38.20 38.20 38.20 38.20 29.50
Share application money - - - - 8.70
Preference share capital - - - - -
Reserves & surplus 1,240.30 1,157.40 1,042.21 887.51 825.52
Loan funds
Secured loans 418.51 315.28 249.50 406.28 343.89
Unsecured loans 349.37 568.78 739.78 489.78 414.98
Total 2,046.38 2,079.66 2,069.69 1,821.77 1,622.59
Uses of funds
Fixed assets
Gross block 4,144.24 3,904.13 3,549.30 2,836.59 2,315.69
Less : revaluation reserve - - - - -
Less : accumulated 2,475.03 2,176.96 1,805.68 1,462.81 1,167.89
depreciation
Net block 1,669.21 1,727.17 1,743.62 1,373.78 1,147.80
Capital work-in-progress 5.12 109.24 153.06 233.54 95.46
Investments - - 0.58 0.58 0.58
Net current assets
Current assets, loans & 895.95 806.36 645.03 702.64 752.84
advances
Less : current liabilities & 523.90 563.11 472.60 488.77 374.09
provisions
Total net current assets 372.05 243.25 172.43 213.87 378.75
Miscellaneous expenses - - - - -
not written
Total 2,046.38 2,079.66 2,069.69 1,821.77 1,622.59
Notes:
Book value of unquoted - - 0.58 0.58 0.58
investments
Market value of quoted - - - - -
investments
Contingent liabilities 245.01 102.44 240.65 448.76 318.74
Number of equity shares 381.99 381.99 381.99 381.99 295.03
outstanding (Lacks)