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B. L. AMLANI COLLEGE OF COMMERCE & ECONOMICSM. R. NATHWANI COLLEGE OF ARTS

COST ACCOUNTING SYBAF SEM IIIANALYSIS OFANNUAL REPORT61. ATHA DHRUTI72. KANOUJIYA RINKI73. KOTAK SONIYA75. LOTHADE POOJA84. VASANI NIDHI

ACKNOWLEDGEMENT We would like to thank B. L. AMLANI COLLEGE OF COMMERCE & ECONOMICS, MA MANEKBEN R. NATHWANI COLLEGE OF ARTS & faculty members of BAF for giving us an opportunity to prepare a project on Annual report 2011-2012 RELIANCE GROWTH IS LIFE. It has truly been an invaluable learning experience completing a task is never one Mans effort. It is often the result of invaluable contribution on number of individuals in direct or indirect way in shaping success and achieving it. We would like to thank principal of the college Dr. Flory Dsouza for granting permission for this project. We would like to extend our sincere gratitude and appreciation to Prof. NEHA SARVAIYA who guided us in the study of this project. It has indeed been a great learning experience and working under her during the course of the project.

We would like to thank the college for helping us in finding out the relevant material for our project. We would like to appreciate all our colleagues and family members who gave us support and banking and always came forward wherever a helping hand was needed. We would like to express our gratitude to all those who gave us the possibility to complete this Thesis. DECLARATION We students of B. L. AMLANI COLLEGE OF COMMERCE & ECONOMICS , M.R. NATHWANI COLLEGE OF ARTS studying in SYBAF hereby declare that we completed the project on Annual report of RELIANCE GROWTH IS LIFE 2011-2012 in the academic year 2012-2013.The information submitted herein is true and original to the best of our knowledge.INDEXPRESENTED TO:- NEHA SARVAIYASR. NO.PARTICULARSPAGE NO.1Introduction82Objectives113Directors report144Auditor report165Balance sheet176Profit & loss A/C197Cost sheet218Conclusion239Student report24INTRODUCTION:Reliance Industries Limited (NSE: RELIANCE) is India's largest private sector conglomerate (by market value) , with an annual turnover of US$ 44.6 billion and profit of US$ 3.6 billion for the fiscal year ending in March 2010 making it one of India's private sector Fortune Global 500 companies, being ranked at 264th position (2009). It was founded by the Indian industrialist Dhirubhai Ambani in 1966.

In 1985 after a heart attack Dhirubhai handed over the Reliance empire to his sons Mukesh and Anil. After his death, the group was split into Reliance Industries Limited, headed by Mukesh Ambani, and Reliance Anil Dhirubhai Ambani Group (Reliance ADAG), headed by Anil Ambani.

OBJECTIVES:

Create value for all stakeholders.Grow through innovation.Lead in good governance practices.Use sustainability to drive product development. operational efficiencies.Ensure energy security of the nation.Faster rural prosperity.

Our Vision:Through sustainable measures, create value for the nation,enhance quality of life across the entire socio-economicspectrum and help spearhead India as a global leader inthe domains where we operate.FUTURE SCOPE & STRATEGIES: Produced 7.95 Million Barrels of crude oil and 720 BCF of natural gasfrom KG D6. Produced 9.3 MMBL of crude oil and 52.1 BCF of natural gas from Panna-Mukta. Produced 1.2 MMBL of condensate and 95.2 BCF of natural gas from Tapti. Jamnagar achieved 110% capacity utilisation at our new SEZ refinery During the year, our Company developed its Environmental ManagementProcess that includes work streams, roles and responsibilities matrix and performance indicators to monitor progress We will develop a second party audit protocol for Companysenvironmental standards We have joined the Indian Coast Guard and the State Pollution ControlBoard's initiative of beach cleaning at Kakinada in October 2010

DIRECTORS REPORTName of the Directors Shri Mukesh D. Ambani (Chairman & Managing Director) Shri P. M. Prasad (Executive Director) Shri Hital R. Meswani (Executive Director) Shri Nikhil R. Meswani (Executive Director) Shri Pawan Kumar Kapil (Executive Director) Shri Ramniklal H. Ambani (Non- Executive, Non- Independent Director) Shri Manisingh l. Bhakta (Independent Director) Shri Yogendra P. Trivedi (Independent Director ) Dr. Dharam Vir Kapur (Independent Director ) Shri Mahesh P. Modi (Independent Director ) Prof. Ashok Mishra (Independent Director ) Prof. Dipak C. Jain (Independent Director ) Dr. Raghunath A. Mashelkar (Independent Director )

features of Director report:result of operation buy back of equity share partnershipjoint venture reliance retail Ltd.Subsidiaries companyHRM departmenttechnology absorptionfuture plant of action

aUDITORS REPORT All accounting standard are properly complited . All secured and unsecured loan properly paid up. Audit is conduct in accordance with A/S of india. A/S referred to section 211(3c) of companies Act,1956. All accounting book gives true and fair view in conformity with the accounting principles.Balance sheet as on 31/3/12EQUITY & LIABILITIESAmountAMOUNTSHARHOLDERS FUNDShare capital3,271Reserves & surplus1,62,825 Non current liabilities1,66,096Long term borrowing48,034Deferred tax liabilities 12,122 Current liabilities60,156Short term borrowing10,593Trade payables40,324Other current liabilities13,713Short term provision4,25868,888 TOTAL2,95,140ASSESTAMOUNTAMOUNTNon-current assetsFixed assets88,001Tangible assets25,722Intangible assets3,695Capital WIP4,059Intangible assets under development26,979Non-current investment14,340Long term Loans 1,62,796 Current assetsCurrent investment27,029Inventories35,955Trade receivables18,424Short term loans39,598Other current assets11,0891,32,344 TOTAL2,95,140Profit & loss A/c INCOMEAMOUNTRevenue from operation3,29,904Other income 6,192 total revenue3,36,096EXPENDITURE:Material consume2,74,814Purchase1,441Closing stock of FG(872)Employee benefit expense2,862Finance cost2,667depreciation11,394Other expenses18,040 TOTAL EXPENSES3,10,346Profit before tax25,750 TAXES EXPENSESCurrent taxes5150Deferred tax560 PROFIT FOR THE YEAR20,040COSTSHEETparticularsAmountDirect labour 2862Direct expense Direct material2,74,814Op.stock of raw materialPurchase1,441cl. Stock of raw material PRIME COST2,79,117Add: factory OHsAdd: op. stock of WIPLess: CL.stock of WIPLess: sale of scrap 6,192particularsAmount WORK COST2,72,925Add: office & adm. Expense18,040Add: selling & dist. Expense2,667Add: op. stock of FGLess: cl stock of FG(872) TOTAL COST2,92,760Add: profit 530 SALES2,93,290

CONCLUSION/SUGGESTION: Even under these tough time,RIL delivered sustainable operating and financial results from its core and net profit of RS 20,040cr. This was mainly achieved as a result of resilient demand for petroleum products in developing economies from around the world and on-going consumer demand in india for product and services linked to better quality of life.STUDENTSS REPORT: PRESENTATION MADE BY ALL.

BIBLIOGRAPHY: WWW.GOOGLE.COM WWW.YAHOO.COM WWW.WIKIPeDIA.com reliance annual report of 2011-2012