CORPORATE FINANCE
FINM542
Submitted By: Mani Sandeep
Registration no.: 12106486
In partial fulfilment for the requirements of the award of the degree of
MASTER OF BUSINESS ADMINISTRATION
(TALENTEDGE)
“Mittal School of Business”
LOVELY PROFESSIONAL UNIVERSITY
Phagwara, Punjab
Course Code: ACCM506 Course Title: Financial Reporting Statements & Analysis-I
Course Instructor: Sushant Gupta Academic Task No.: 01
Academic Task Title: Analysis of Coromandel International
Date of Allotment: 5/10/21 Date of submission: 18/10/21
Student’s Name and Roll no: T. Mani Sandeep – A23
Student’s Reg. no: 12106486
Evaluation Parameters: (Parameters on which student is to be evaluated- To be mentioned
by students as specified at the time of assigning the task by the instructor)
Learning Outcomes: Students will be able to describe and classify various finance
functions.
Declaration:
I declare that this Assignment is our individual work. We have not copied it from any other
student’s work or from any other source except where due acknowledgement is made
explicitly in the text, nor has any part been written for me by any other person.
Evaluator’s comments (For Instructor’s use only)
Evaluator’s Signature and Date:
Marks Obtained: _____________________________________________ Marks: 30
General Observations
Suggestions for Improvement
Best part of assignment
INTRODUCTION
Coromandel International Limited is an Indian corporation founded in the early 1960s by IMC
and Chevron Companies of USA and EID Parry, headquartered in Hyderabad, Telangana, India.
Originally named Coromandel Fertilisers, the company is in the business of fertilizers,
pesticides and specialty nutrients. The company is also in rural retail business in the states
of Andhra Pradesh, Karnataka and Maharashtra through its Mana Gromor Centres. Coromandel
International is part of Murugappa Group and a subsidiary of EID Parry, which holds 62.82% of
the equity in the company. The company has sixteen manufacturing units located in the states
of Andhra Pradesh, Tamil Nadu, Maharashtra, Gujarat, Rajasthan, Madhya Pradesh, Uttar
Pradesh and Jammu and Kashmir. Its product line includes Gromor, Godavari, Paramos’, Parry
Gold and Parry Super.
BALANCE SHEET OF COROMONDAL INTERNATIONAL LIMITED
Coromandel International
Standalone Balance Sheet
Mar–21
Mar–20
Mar–19
EQUITIES AND LIABILITIES
SHAREHOLDER‘S FUNDS
Equity Share Capital
29.34
29.3
29.25
Total Share Capital
29.34
29.3
29.25
Reserves and Surplus
5,159.95
4,347.33
3,404.68
Total Reserves and Surplus
5,159.95
4,347.33
3,404.68
Employees Stock Options
11.02
12.41
0
Total Shareholders’ Funds
5,200.31
4,389.04
3,433.93
NON-CURRENT LIABILITIES
Deferred Tax Liabilities [Net]
56.16
56.29
110.59
Other Long-Term Liabilities
371.94
385.64
10.76
Long Term Provisions
13.72
21.08
13.97
Total Non-Current Liabilities
441.82
463.01
135.32
Short Term Borrowings
2.93
1,627.60
2,956.94
Trade Payables
2,926.57
3,347.17
3,762.67
Other Current Liabilities
348.83
376.34
340.42
Short Term Provisions
21.55
14.6
18.1
Total Current Liabilities
3,299.88
5,365.71
7,078.13
Total Capital and Liabilities
8,942.01
ASSETS
NON-CURRENT ASSETS
Tangible Assets
1,994.11
2,017.96
1,300.58
Intangible Assets
4.95
6
Capital Work-In-Progress
75.7
49.19
175.69
Intangible Assets Under Development
13.47
15.56
14.53
Fixed Assets
2,091.18
2,087.66
1,496.80
Non-Current Investments
352.47
334.64
320.45
Other Non-Current Assets
54.3
45.51
112.11
CURRENT ASSETS
Current Investments
0
0.14
Inventories
2,587.22
2,691.93
3,234.23
Trade Receivables
1,151.97
4,040.57
4,222.18
Cash And Cash Equivalents
669.81
60.12
138.12
Short Term Loans and Advances
1,500.12
420.11
420.11
Other Current Assets
534.94
537.22
703.24
Total Current Assets
6,444.06
7,749.95
8,718.02
Total Assets
