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Economy Position
•This sector lies in automobile industry and automobile is the
large scale manufacturing.
• Growth rate is 3.9% in 2014 and 4.0% in 2013.
• ue to increase in G!T from in 10 to 1" percent in 2014 it tu
production of automobile industry in negati#e.
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Common Sizing
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Balance Sheet
Horizontal Analysis
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Horizontal Analysis Balance Sheet
2014 2013 2012 2011 201Particulars vs vs vs vs vs
2013 2012 2011 2010 200
Assets % % % % %
Non Current AssetsProerty Plant ! "#ui$ent 29& 121' 2094 10&*ntan+i,le assets (1393 (134& (100& (113-
.on+ ter$ invest$ents ( ( ( (
.on+ ter$ loans ! a/vances 31' 2)2' ('') 1910
.on+ ter$ /eosits 14&' (4&&0 4&10 ()04
otal non current assets 29- 119- 20-) 112
Current Assets
Stores sares an/ loose tools 2&1 1194 &9' 102Stoc(in(tra/e ()94 04- -90 203)
ra/e /e,ts 10' (139& 4903 (993
.oans ! a/vances &1- 030 (111 (1-19 ra/e /eosits ! reay$ents &20 &4) 213' ()4'
Short ter$ invest$ents 12)-4 119) 912 2291
Accrue/ $ar(u interest (40' 1&&'& (4'9) ''-2ther receiva,les (2)9& ()'91 1-4 3034
a5ation(net ( (9'39 13&01 10000
Ban ,alances 3-9 2-49 2-9 2-34 otal current assets 2-10 '2- 103) 2020
Non current assets classi6e/ as hel/ 7or sale 10000 000 000 000
otal Assets 19)- 9&2 1392 1290
"#uity ! .ia,ilities
"#uity
Share Caital 2)00 1)00 1)00 1)00
8eserves 20&) 2200 1-&1 1939 otal e#uity 2120 204- 1-2) 1'--
Non Current .ia,ilities
.on+ ter$ ,orroin+s ( ( ( (10000(
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Income Statement
Horizontal Analysis
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Horizantal Analysis Pro6t ! .oss State$ent
Particulars 2014 2013 2012 2011 2010
vs vs vs vs vs
2013 2012 2011 2010 2009
% % % % %
Sales )09 113) 1&'' 2-2& ')90
Cost o7 sales 41& 9&' 1-14 2--0 '430
;ross ro6t 14'3 32)4 13-) 2209 10-00
Sales ! $aretin+ e5enses -23 2493 1'4) 1'0) 1)4&0
A/$inistrative e5enses 1099 1)44 '02 1-3' )9'0
ther inco$e 303- 1-)- '31 2)22 1&&40
ther oeratin+ e5enses 1-&1 &2)& &90 1'3& )&'&0
Pro6t 7ro$ oerations 21&& 3)'9 ')0 2&40 9&'0
=))30>
Pro6t ,e7ore ta5ation 21'3 3&2- 14') 3094 20)40
a5ation 14&9 4421 19) 11'3 1'440
Pro6t a7ter ta5ation 2449 33)3 2010 40-2 21-30
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Balance Sheet
Vertical Analysis
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?ertical Analysis Balance SheetParticulars 2014 2013 2012 2011 2010
% % % % %
Assets
Non Current AssetsProerty Plant ! "#ui$ent 31&9 3&'0 3)9& 33'' 3-'4
*ntan+i,le assets 003 00) 00& 00- 009
.on+ ter$ invest$ents ( ( ( ( (
.on+ ter$ loans ! a/vances 01' 021 019 023 022
.on+ ter$ /eosits 00- 00- 014 011 013
otal non current assets 319' 3-13 3&3) 3429 3'29
Current AssetsStores sares an/ loose tools 2-9 32) 31' 339 3-9
Stoc(in(tra/e 1422 1'0- 19-2 20'2 19)3
ra/e /e,ts 3&2 42' )4& 41- )23.oans ! a/vances 02) 02' 030 03) 04'
ra/e /eosits ! reay$ents 03) 040 041 03' 04&
Short ter$ invest$ents 2)-0 13&1 1333 1391 12-'Accrue/ $ar(u interest 00' 010 004 009 00)ther receiva,les 003 00) 014 01& 014
a5ation(net ( 002 14- 0-1 (
Ban ,alances 19'0 22'1 19&1 21-3 192- otal current assets &&'3 &2'- &3&) &)-1 &1-1
Non current assets classi6e/ as Net Sales
Hel/ 7or Sale 119 ( ( ( (
otal Assets 100 100 100 100 100
"#uity ! .ia,ilities
"#uity
Share Caital -20 &'9 &)& &)0 &3'
8eserves 4-'9 4--2 42'9 41)4 392' otal e#uity ))09 )4&1 494) 4'04 4)&-
Non Current .ia,ilities.on+ ter$ ,orroin+s ( ( ( ( &01:e7erre/ .ia,ilities )-' -22 &&& &-) -04
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Income Statement
Vertical Analysis
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?ertical Analysis Pro6t ! .ossState$ent
Particulars 2014 2013 2012 2011 2010
% % % % %
Sales
10000
10000
10000
10000
10000
Cost o7 sales
=90)0>
=9131>
=92-0>
=92)0>
=921'>
;ross ro6t 9)0 '&9 -30 -)0 -'2
Sales ! $aretin+ e5enses =291>
=2')>
=2)4>
=2)1>
=2-0>
A/$inistrative e5enses =09->
=092>
=0''>
=09&>
=104>
ther inco$e
09) 0-& 0-2 092 094
ther oeratin+ e5enses =0)0>
=04)>
=031>
=034>
=03&>
Pro6t 7ro$ oerations &0& )24 429 4&2 4&&
=002>
=003>
=029>
=044>
Pro6t ,e7ore ta5ation &0) )22 42& 434 422
a5ation =1))>
=142>
=109>
=12)>
=143>
Pro6t a7ter ta5ation
4)0 3'0 31- 30' 2-9
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Forecasted Balance Sheet
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Particulars 201) 201&
Assets
Non Current AssetsProerty Plant ! "#ui$ent 4941''- )393)04
*ntan+i,le assets
43&4 3'&2
.on+ ter$ invest$ents ( (
.on+ ter$ loans ! a/vances 2'-41 314--
.on+ ter$ /eosits
9499 9&4& otal non current assets 49'22&3 )433342
Current Assets
Stores sares an/ loose tools 4203'3 443)29
Stoc(in(tra/e 21'9302 2320)41
ra/e /e,ts ))302) )''9'3
.oans ! a/vances 3)30) 344-0
ra/e /eosits ! reay$ents )3)09 )-1&1Short ter$ invest$ents 409-1)0 ))-'034Accrue/ $ar(u interest 1&'-9 2)4&1
ther receiva,les
43)3 3'3)
a5ation(net ( (
Ban ,alances 32)33&3 3-4&&30 otal current assets 10)319&0 1212)110
Non current assets classi6e/ as
Hel/ 7or Sale 1-14)9 1-14)9
otal Assets 1)&-3)2- 1--143&3
"#uity ! .ia,ilities
"#uityShare Caital 11)0399 133-33'8eserves -''1-90 93))922
otal e#uity 903090) 10&'9231
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Forecasted Income Statement
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Particulars 201) 201&
Sales
)12149&2 )'9-1409
Cost o7 sales
=4&1)'-'9>
=)2929'34>
;ross ro6t
)103)&4 &1&)13)
Sales ! $aretin+e5enses
=1)1&024>
=1--&22->
A/$inistrative e5enses
=4')-&9>
=)4'-02>
ther inco$e 4'''41 )&'0'4
ther oeratin+e5enses
=2'3022>
=3)-&14>
Pro6t 7ro$ oerations
3320'14 40''22&
=342&>
Pro6t ,e7ore ta5ation
33'-90- 42&-'0)
a5ation
='12'4)>
=9&0)43>
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Ratio Analysis
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8atios 2014 2013 2012 2011 2010
Pro6ta,ility 8atios
;ross Pro6t @ar+in 9)0% '&9% -30% -)0% -'2%
eratin+ Pro6t@ar+in &0&% )24% 429% 4&2% 4&&%
Net Pro6t @ar+in 4)0% 3'0% 31-% 30'% 2-9%
8eturn on Asset 1393% 133'% 1099% 1042% '3&%
8eturn on "#uity 2)29% 24&2% 2222% 21&9% 1'31%
.i#ui/ity 8atios
Current 8atio 1-1 1&) 14) 14) 149
Aci/ est 8atio 134 11- 100 099 102
:e,t 8atios
:e,t 8atio 4491% 4)40% )0))% )19&% )433%
:e,t to "#uity 8atios '1)3% '3)4%10222
%10'14
%11'9'
%
i$es *nterst "arne/8atio
33)&- 22-9- 1392& 1&09 10)-
Asset Activity 8atios
Avera+e CollectionPerio/
42- 444 )-4 4)1 &3-
*nventory urnover8atio 19-1 1-'0 1&30 1)02 141)
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Duo Pont
Analysis
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Proft
Margin
Asset
Turnov
er
Equity
Multiplie
r
2014 4)01% 309% 1'1)% 2)24
3%2013 3'% 3)% 1'40% 244-
%
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Performance
ra!hs
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1 2 3 4 )
0
10000000
20000000
30000000
40000000
)0000000
2014 2013 2012 2011 2010
444-'-134232)2423'011')-
32)21399
2)))4--2
Sales
Aear Sales
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1 2 3 4 )
0
)00000
1000000
1)00000
2000000
2)00000
2014 2013 2012 2011 2010
2001)&01&0-'04
12041091002))& -124)'
Net Ino!e
ear Net *nco$e
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Strengths
•
*ncrease in sales an/ ro6t year ,y year• Control on cost o7 +oo/s sol/ year on year
• Chan+es in :e,t 8atio is a +oo/ si+n
• Co$any has stron+ li#ui/ity osition
• ;oo/ in recovery osition
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"ea#ness
•
*7 their /e,t ratio is +oo/ ,ut increase in lia,ility year ith sa$e ercenta+e is little orry si+n
• A//ition in roerty lant ! e#ui$ent is not +ivheavy eect on sales
• hey are +oo/ in cost ,ut not e5tra ecient in o
e5enses