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INFO EDGE INDIA LTD

INFO EDGE INDIA LTD-Financial Analysis

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Infoedge india ltd Analysis of financial statements for the year 2011-2013 Financial Management and Financial Accounting aspects covered

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  • 1.INFO EDGE INDIA LTD

2. Info Edge (India) Limited (Info Edge) is Indias premier on-line classifieds company in recruitment, matrimony, real estate, education and related services.The Company was incorporated on May 1, 1995 under the Companies Act, 1956 as Info Edge (India) Pvt. Ltd.Converted into a Public Limited on April 27, 2006.Founder and executive vice chairman Mr. Sanjeev BikhchandaniChairman Mr. Kapil KapoorDirector and CFO Mr. Ambarish RaghuvanshiHas established & currently maintains a network of 57 offices located in 32 cities throughout India. 3. RecruitmentMatrimonyReal estateEducation 4. Financial year 2012-2013 (000s) NAUKRI INTERNET SERVICES PRIVATE LIMITED 2012 89 2013 79JEEVANSATHI INTERNET SERVICES PRIVATE LIMITED 2012 68 2013 59 INFO EDGE (INDIA) MAURITIUS LIMITED (USD) 2013 31,237 5. NAUKRI INTERNET SERVICES PRIVATE LIMITED JEEVANSATHI INTERNET SERVICES PRIVATE LIMITED 2011 57 2012 68JEEVANSATHI INTERNET SERVICES PRIVATE LIMITED 2011 68 2012 892011 -975 2012 11,355ALLCHECKDEALS INDIA PRIVATE LIMITED 2011 4610 6. NAUKRI INTERNET SERVICES PRIVATE LIMITED 2010 - 67,340 2011 67,808JEEVANSATHI INTERNET SERVICES PRIVATE LIMITED 2010 - 58,030 2011 - 57,082ALLCHECKDEALS INDIA PRIVATE LIMITED 2010 - 23,677,358 2011 4,609,745INFOEDGE USA INC. (USD) 2010 - 1,475 2011 1,324 7. Basis of Preparation of Financial StatementsFixed Assets 8. Date of Transaction Fluctuation in foreign exchange rate Restated at the exchange rate Adjusted in Profit and Loss Statement 9. Recruitment solutions website (Naukri.com) Matrimonial web site (Jeevansathi.com) Real Estate website (99acres.com) Placement search division, Quadrangle Real Estate broking division Resume Sales Service 10. Cost less provision Permanent diminution Lower of cost and fair value 11. Assets acquired on lease where the Company has substantially all the risks and rewards of ownership are classified as Finance leases.Leases of assets under which significant risks and rewards of ownership are effectively retained by the lesser are classified as Operating leases. 12. Current TaxDeferred Tax 13. Provisions and Contingencies Outflow of resources Reliable estimate Disclosure of contingent liability Right to receive the payment No uncertainty - measurability or collectability exists 14. Time basis Outstanding - Tax credits and Rate applicable No uncertainty - measurability or collectability existsUse of Estimates Based upon Management's evaluation Actual results 15. Traded goods - Lower of cost and Net realizable value Cost is determined on a weighted average basis Net realizable value - selling price (ordinary course of business) costs of completion costs necessary to make the sale 16. Tangible Assets: Fixed Assets are depreciated under Straight Line Method over the estimated useful lives of the assets. 17. building20computer3Office equipments3vehicles4Plant & machinery5Furniture& fixtures7 18. Fixed Assets are depreciated under Straight Line Method over the estimated useful lives of the assetsAssets Estimated life (Years) Other software licenses3Enterprise resource planning software5 19. Cost of Operating and Marketing rights acquired is amortised over a period of 5 years.Leasehold Land and Leasehold improvements are amortized over the lease period, which corresponds with the useful lives of the related assets.April 01, 2012 such assets are depreciated @ 100% pro-rata from date of acquisition. The impact of this change in Accounting policy results in increase of profit by `9.58 million during the year. 20. A liquidity ratio that measures a company's ability to pay short-term obligations. 201120122013Current assets3624.443393.073922.03Current liabilities1495.871852.372056.67Current ratio2.421.831.91Current Ratio 3 2.5 2 1.5 Current Ratio 1 0.5 0 2010-112011-122012-13 21. A measure of both a company's efficiency and its short-term financial health 201120122013Current assets3624.443393.073922.03Current liabilities1495.871852.372056.67Working Capital2.421.831.91Working Capital 2500 2000 1500 Working Capital1000 500 0 2010-112011-122012-13 22. The ratio of total debt to total assets, expressed in percentage, and can be interpreted as the proportion of a companys assets that are financed by debt. 201120122013Total Debt1499.251856.062065.47Total Assets5837.367103.087698.04Debt Ratio0.2570.2610.268Debt Ratio 0.27 0.265 0.26 Debt ratio 0.255 0.25 2010-112011-122012-13 23. A ratio showing the financial leverage of a firm, calculated by dividing Net Profit by Sales multiplied by 100. S.no.201120122013Net Profit631.41033.29915.94Total Assets3222.873918.844723.21Net Profit Ratio19.5926.3619.39Net Profit Ratio 30 25 20 15 Net Profit Ratio 10 5 0 201120122013 24. A ratio showing the financial leverage of a firm, calculated by Profit after tax Preference dividend / No. of equity Shares S.no.201120122013Profit after tax6,55,6169,35,2107,74,210Equity shares5459154591109180EPS11.5717.317.09Axis TitleEPS 20 18 16 14 12 10 8 6 4 2 0 EPS2010-112011-122012-1311.5717.317.09 25. 30 25 20 2011 201215 2013 10 20125 0 2011 Net Profit EPS2013 26. For the company as a whole, even at the lower Profit growth levels, cash flows remained robust. In terms of numbers, net cash from operating activities was `1,002.94 million during FY 2013.FY2013 was indeed a difficult year for the Company and growth was moderate. As a standalone entity, net sales increased by 16% to `4,372.6 million in FY2013. EBITDA margins, without accounting for other income, reduced from 37.7% in FY2012 to 33.7% in FY2013. Consequently, profit growth was lower EBITDA grew by 6.7% and PBT before exceptional items increased by 5.9%. 27. THANK YOU!!! Presented By: Gurpreet Singh (015) Jasanpreet Kaur (016) Neha Diwakar (020) Shweta Dixit (035) Udbhav Mehta (037)