Rolex Rings, while not the famed Swiss watchmaker, is a significant player in its own right. Based in Rajkot, Gujarat, India, this company is a leading producer of forged and machined components, boasting a rich history spanning over five decades. While a publicly available, detailed income statement for Rolex Rings is not readily accessible online (unlike a Rolex financial report for the watch company would be), we can analyze the provided financial highlights to understand its performance and position within the market. The available data allows us to construct a hypothetical income statement, drawing inferences from the provided EBITDA, revenue, and other financial ratios. This analysis will attempt to extrapolate a more complete picture, acknowledging the limitations imposed by the lack of complete financial disclosures. The following discussion will also touch upon related topics like Rolex Rings' balance sheet, though detailed information remains unavailable publicly.
Understanding the Provided Data:
The key figures provided are:
* Total Revenue: INR 11,982 million
* EBITDA: INR 2,800 million
* EBITDA Margin: 23.4%
* Net Debt to Equity Ratio: 0.08 (This is unusually low, suggesting a very strong financial position. It's crucial to verify this figure)
* Return on Equity (ROE): 31% (A very high ROE indicating strong profitability and efficient use of equity capital)
These figures paint a picture of a highly profitable and financially sound company. The high EBITDA margin, coupled with the impressive ROE, suggests efficient operations and strong pricing power within its market. The exceptionally low net debt-to-equity ratio further reinforces its financial strength, indicating minimal reliance on debt financing.
Constructing a Hypothetical Income Statement:
Given the limited information, constructing a full income statement for Rolex Rings requires several assumptions. We'll utilize the provided EBITDA and revenue figures as our foundation. Remember, this is a *hypothetical* statement for illustrative purposes only and should not be considered a substitute for official financial reporting.
Hypothetical Income Statement for Rolex Rings (INR Million)
| Line Item | Amount (Estimated) |
|---------------------------------|--------------------|
| Revenue | 11,982 |
| Cost of Goods Sold (COGS) | 9,182 | *(Calculated: Revenue - EBITDA)* |
| Gross Profit | 2,800 | *(Provided EBITDA)* |
| Selling, General & Admin Exp. | 500 | *(Estimated – a reasonable percentage of Revenue)* |
| Research & Development Exp. | 200 | *(Estimated – based on industry norms for manufacturing)* |
| Other Operating Expenses | 100 | *(Estimated)* |
| EBITDA | 2,800 | *(Provided)* |
| Depreciation & Amortization | 200 | *(Estimated)* |
| EBIT (Operating Income) | 2,600 | |
| Interest Expense | 50 | *(Estimated – based on low Net Debt to Equity)* |
| EBT (Pre-tax Income) | 2,550 | |
| Income Tax Expense | 765 | *(Estimated – assuming a 30% tax rate)* |
| Net Income | 1,785 | |
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