BAALNCE SHEET BAALNCE SHEET as on 31as on 31stst march,2008 march,2008

2008 2007 Sources of funds

Shareholder’s fundShare capital 273.30 255.58Reserves & Surplus 1197.05 1131.45

1470.35 1387.03Loan funds

Secured loan 1774.94 1772.72Unsecured loan 97.52 161.57

1872.46 1934.29Deferred tax lib. 12.82 12.82Total 3355.63 3334.16

2008 2007

Less: Current Lib.& Provision

Current Liabilities 360.54 408.99

Provisions 21.81 12.15

382.35 421.41

Net Current assets 1088.79 1169.77

Miscellaneous Exp. 9.50 0.00

Total 3355.63 3334.16

RATIO RATIO ANALYSISANALYSIS

LIQUIDITY RATIOS

QUICK RATIO = QUICK ASSETS

CURRENT LIABILITIES

2008 = 2.34:1

2007 = 2.24:1

INTERPRETATION:

The company can pay its current liability as the ratio is 2.34:1

which is more then the ideal ratio 1:1. the increasing trend indicate that the company is performing better.

TURNOVER RATIOSTURNOVER RATIOS CAPITAL TUROVER RATIO = NET SALES

CAPITAL EMPLOYED

2008 = 0.70

2007 = 0.56

INTERPRETATION:

As net sales are good as compare to capital employed .

The co. has utilized his capital well and getting a good retune from this . As compare to last year the ratio has increased, this shows that co. is become more efficient and utilized his fund properly.

FIXED ASSETS TURNOVER RATIO

= NET SALES

NET FIXED ASSETS

2008 = 1.1

2007 = 0.90

INTERPRETATION:

As the ratio increases from the last year ratio it shows that there is better utilisation of fixed assets.

PROFITABILITY RATIOSPROFITABILITY RATIOS

GROSS PROFIT RATIO = GROSS PROFIT X 100

NET SALES

2008 = 61.55%

2007 = 73%

INTERPRETATION:This ratio measures the margin of profit available on sales. As

gross profit margin is good but it has decreased from last year which shows that the profitability has decreased. This shows that the sale of company had decrease or the cost had increase but the price of the product remained same.

NET PROFIT RATIO = NET PROFIT X 100

NET SALES

2008 = 19.14%

2007 = 23%

INTERPRETATION: As we compare to last year ratio, this year the net profit ratio

has decreased this shows that the profitability has decrease which is not good for company. There should increase year by year or it should mention the same percentage as last

year.

RETURN ON INVESTMENT RATIO

= EBIT X 100

CAPITAL EMPLOYED

2008 = 5.15%

2007 = 5.53%

INTERPRETATION:

If the ROI increases then its good for company as more investor are willing to invest in the company but here the trend is decreasing which is not good for the company.

RETURN ON EQUITY

= EAT X 100

EQUITY SHAREHOLDER FUNDS

2008 = 12.49%

2007 = 12.06%

INTERPRETATION:

This ratio indicate how efficiently shareholder assets are managed in the company. Here the ratio increases which attract the shareholder to invest more in the company.

LEVERAGE RATIOSLEVERAGE RATIOS DEBT EQUITY RATIO = DEBT

EQUITY FUNDS

2008 = 1.23

2007 = 1.33

INTERPRETATION:

If the ratio is more than 2:1 then it is danger signal for long term lenders. As here it is less then 2:1 it shows it provide sufficient protection to long term lenders.

DEBT - TOTAL FUND RATIO

= DEBT

DEBT + EQUTY

2008 = 0.55:1

2007 = 0.57:1

INTERPRETATION:Generally, Debt to total fund ratio of 0.67 :1 is considered

satisfactory. A higher ratio than this is generally treated as risky. Here it shows that the firm is more depended on equity fund not on outside loans. The lower the ratio the better it is from the long term solvency point of view.

COMMON SIZE INCOME COMMON SIZE INCOME STATEMENTSTATEMENT

2008 2007

Amt % to sales Amt % to sales

Sales 2271.27 100.00 1847.99 100.00

Raw mat. consumed 557.13 24.50 571.93 30.90

Employees emoluments 233.40 10.27 204.33 11.05

Other 877.19 38.62 780.24 42.21

Interest 131.40 05.70 150.26 08.13

Depreciation 136.64 06.00 143.36 07.75

PBT 29.61 01.30 27.71 01.50

PBEO 27.36 01.20 25.27 01.36

Bal. as per last year’s B/S 425.00 18.71 321.17 17.37

Bal. carried to B/S 434.92 19.14 425.00 23.00

TREND ANALYSIS

2007 2008

Sales 100 122

Raw mat. consumed 100 101

Employees emoluments 100 114

Other 100 112

Interest 100 87

Depreciation 100 95

PBT 100 106

PBEO 100 108

Bal. as per last year’s B/S 100 132

Bal. carried to B/S 100 102

`trend analysis

0

20

40

60

80

100

120

140

2007 2008

years

sales

PBT

profit after extraordinary item

balance carried toB/S

THANK YOU