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A FINANCE REPORT ON Asian paints


Submitted To: Shree B.W.T.I.B.A Submitted By: Ajay p. virani Roll No: 2149 S.Y.B.B.A

INDEX
Sr.No Title Preface Acknowledgment History of company General information Name of the company Reg. office Location plant Board of directors Product name Business of company Future plan Demand Supply Competitor Vision Mission Theory of ratio analysis Meaning, classification Advantages, disadvantages Cash flow statement, advantages Meaning of common size statement and advantages Ratio calculation Spread sheet Balance sheet P&l account Common size statement balance sheet P&l account Conclusion Bibliography Page No.

3 4 5 6 7 8 9 10 11
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PREFACE

As per the information given by university. I am student of s.y.b.b.a. have to submit the report of financial analysis of any company of corporative unit. So in accordance with that I have Preparethe analysis report of finance on Asian paints

The report has been divide in to varioussections for the convenience of proper exhaustibly with origin, objective, PBT, PAT and amount of taxation.

A separate second section is divided in to financial function in general meaning Importance of finance and types of finance .The third chapter is divided to balance sheet analysis with nation. Analysis of cash flow than I have made conclusion It gives a change to interact with person in business unit, due to this report we come to know about the financial status of industrial house.

ACKNOWLEDGEMENT
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Practical training is one of the highlight of BBA course. I here by take the opportunity to thankful all of them specially. I also thankful to the company for their guidance sparing their valuable time discussing the section aspect of mgt. First of all I would like to thank our honorable co-coordinator Pro.PallaviOja.Who will provide me the permission for the industrial financial report. And who helped me a lot normally and provided us with all academic and after information.

History of company
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TODAY
An Asian paint becomes the 10th largest decorative Paint Company in the word Asian paints is more than twice resize of its nearest competitor. It is one of the most admired companies in India. Present in 22 countries with 27 manufacturing location, over 2500 sku integrated SAP-ERPD 12-SCM solution Asian paints aims to become the 5th largest decorative paint company in the word.

*1967
Asian paint emerges as Indias leading Paint Company ahead of any international company.

*1955-56
The family owned company makes the transaction to a professionally managed organization. Asian paints embark on an ambitions grassroots marketing campaign, partnering with thousands of dealers in small towns all over India.

*1954
Asian paints mascot, Gatos, the mischievous kid is born.

*1945
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An Asian paint touches a turnover of RS.3, 50,000 with an innovative marketing strategy to reach consumers in the remotest corners of the country with small packs.

*1st FEBRUARY, 1942


Armed with little knowledge and great determination,champaklalh.choksey,chimanlal n. choksi,suryakant c. dani and arrived r. vakil get together to manufacture point in a garage on focus road, Bombay. They name their company the Asian oil & paint company a name that they picked randomly from a telephone directory.

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GENERAL INFORMATION

NAME OF THE COMPANY


Asian paints ltd.

REGISTERED OF COMPANY
*Asian paints limited, Asian paints house, 6 A, shantinagar Santacruz (E), Mumbai 400055 India TEL=022-39818000 FAX=022-39818888 Asian paints helpline = 1800 209 5678

LOCATON OF PLANTS *Pthalic plant plot no.2702 GIDC industrial area, Ankleshwar-393002 Gujarat-India *Pentadivision plot no.2602 GIDC industrial area, Ankleshwar-393002 Gujarat - India *Shantinagarsantacruz, Mumbai-4000554 Maharashtra India Phone - 39818000 Fax - 39818888 Email investor relations@asinpaints.com Internet N.A. NOTE there are many other plants in India

. NAME OF BOARD OF DIRECTOR


* CHAIRMAN * 1. MR.ASHVIN CHOKSI (Non executive chairman) 2. MR. ASHVIN DANI (Non executive VICE chairman)

* DIRECTOR * 1. MR.ABHAY VAKIL 2. MR. P.M. MARTY (MANAGING DIRECTOR & CEO) 3. MR.MAHENDRA CHOKSI 4. MR. AMAR VAKIL 5. MR. INA DANI 6. MRS. TARJANI VAKIL 7. MR. DIPANKAR BASU 8. MR. MAHENDRA SHAH 9. MR. RAJENDRA SHAH 10. DR. S. SIVARAM

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NAME OF PRODUCTS MANUFACTURE

* ANCILLIARIES* 1. Deco prime wall primer WT, 2.Deco prime wall primer ST, 3. Acrylic wall putty 4. Exterior wall putty 5. Wood primer 6. Exterior wall primer * AUTOMOTIVE* 1. Car paint * Decorativepaints * 1. Exterior walls 2. Interior walls 3. Metal surfaces 4. Wood surfaces - ACF exterior emulsion - Apex vltima - Royale - Royale play - Apex duracast - Tractor emulsion
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- Ustav - Wood finishes - Royale shyness

Business of company
* Paint industry

FUTURE PLANE

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Through its implementation of SAP.CRM, asianpaint has established a direct link to its and customer & put in place processes to ensure that their high expectation will be met. In an effort to realize an even greater return on its IT investment,Asian paints used its sap crm infrastructure to develop an e-recruitment platform in 2006.This plant from always employment agencies to review opening and upload job candidates information. Reduce time required to fill open positions. An in the future Asian paint plans to leverage its SAP, CRM in the following areas. 1: Campaign management 2: New market segments 3: Complaint handling system

CURRENT STATUS OFINDUSTRY


A: DEMAND B: SUPPLY

A-DEMAND Paint demand is intrinsically related to economic development. The demand for decorative paint in India mainly arise from two segment vies construction of new building and detail demand for re forbishment while the demand for industrial paint comes from industries like automobile, consumer durable shipping engineering etc.The demand for paints has grown at 10% for last five year after the sluggish growth in late 80s &early 90s industries grew at rapid place of more than 12% from 1992-1996
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The industrial segment will growth faster due to the lower base and fast growth in major users like consumer durable & automobile.

B:SUPPLY

An Asian paint has harnessed the power of state of the art supply chain system using cutting edge technology to integrate all its plants.Regional processing centers and branches in India. All the companys paint plants in India two chemical plants 18 processing center, 350raw material and intermediate goods&suppliers, 140 packing material venders, 72 depots are integrated. The supply chain runs through a wide spectrum of functions. Right from materials planning to procurement to primary distribution .It has played a pivotal role in improving operational efficiencies. And creating agile procurement production and delivery systems. It has also delivery the flexibility of operations.

COMPITITOR
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Berger paints Kansainarolac paints Deluxe paints Shalimar paints Bombay paints Sarika paints Jenson &Nicholson

VISION
The company committed to be a world class; customer focused innovative organization in the field of specialty &fine chemical &to be partner of choice to the chemical,defragment cropscience & life-science companies.

MISSION
To provide customer satisfaction. To make research and development as the sustainable engine of the organization. To continually enhance stockholders value by optimumutilization of resources.

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PART 2 Meaning of ratio


Ratio analysis is a tool through which the financial position of the firm can be measured. It is a study of comparison between the company performance and in various years. As the future and past of the firm are closely related to each other ratio analysis prove to be again to predict the future of company. Ratio analysis covers all the different aspect of finance and the position of firm like overall performance of the firm. Different calculations of ratio provide guidance and assistance to take important decisions for the firm. They help the managers to achieve long term and short term goals. In todays fast changing world the business strategies and operations are changing day by day. In this situation ratio works as an alarm for the management to take immediate steps. This through the knowledge of these ratios and in view their utility ratio analysis plays a vital role in todays business world

Importance of ratio analysis: The use of ratio was started by banks for ascertaining the liquidity and profitability of companies for the purpose of advancing loans to them. It gradually became popular and other creditors began to use them. 1) Profitability: Useful information about the head of profitability is available from profitability ratio. The gross profit ratio, net profit ratio and ratio of return on investment give good idea of the profitability of business on the basis of the ratios investors get an idea about the efficiency of the managers and bank as well as other creditors draws useful conclusion about repaying capacity of the borrowers. 2) Efficiency: The turnover ratios are excellent guides to measure the efficiency of managers. For e.g. the stock turnover will indicate how efficiently the scale is being made. The debtor turnover will indicate the efficiency of collection department and assets are used in business. 3) Indicate trends:
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The ratios of the last three to five years will indicate the trend in ratio of firm is lower than the industry average. Even for capital expenditure ratio of return on investment will guide the management. The efficiency of various department can be judged on the basis of each department can thus be determined. Last 5 year shows an improving trend, it is an encouraging trend. Reserves may also be true. A particular ratio of a company for 1 year may compare favorably with industry position, it is not desirable. Only ratio analysis will provide this information. 4) Useful for budgetary control: Regular budgetary reports are prepared in business where the system of budgetary control is in use. If various ratios are presented in this report it will give good idea about various aspects for financial position. 5) Useful for decision making: Ratio guides management in making some of the important decision. Suppose, the liquidity ratio shows unsatisfactory position, the management may decide to take quick action.

LIMITATION OF RATIO ANALYSIS: The utility of ratios computed from the financial statements of one year only is obviously limited. While comparing ratios of the different firms, it must be remembered that different firms follows different accountancy plans policies. Great care has to be exercised before any conclusions are drawn from such comparisons. While comparing ratio of past several years it should be remembered that changes in price level may render such comparisons useless. One ratio used without reference to other ratio may be misleading. Before taking any action on the basis of accounting ratio, rigorous investigation must be made. Rigidity in ratio will be harmful to business. It is of no use if the ratios are found between two figures which have no relation with each other. Classification of ratio:

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Traditional classification: Functional classification 1) Revenue statement. 2) Balance sheet ratio. 3) Composite ratio

Functional classification: Profitability Ratio

In relation to salesIn relation to investment 1) G P Ratio 2) N P Ratio 3) Expense Ratio 4) Operating Ratio 1) Return on capital employed 2) Return on share holders funds 3) Return on equity sh. funds 4) Return on share capital 5) Earnings per share 6) Dividend per share 7) Price earnings ratio 8) Dividend yield ratio 9) Interest coverage ratio

(3)
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COMMON SIZE STATEMENT


Meaning: The Common Size Statement prepared in which all items are compared with one common base, which is significant. Common Size Statement is prepared for Balance Sheet as well as Profit & Loss Account.

Usefulness: Common Size Statements give useful proportions of each component to the total. But they alone are not of much use, as they do not give information about the trends of individual items from year to year. They must be used along with trend percentage and individual ratio based on these two statements. Common Size Statements are found to be very useful for comparison of two business enterprises at a certain date.

(4)
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Cash flow statement:

INTRODUCTION Cash is the most liquid assets of a business. All business transactions ultimately result in to cash in flow or cash flow, hence a statement that flow is considered to be an important on it can be said, and therefore that cash is both beginning and the end of the business operations. The business should have sufficient cash on hand, that the liabilities can be paid as and when they fall due. The cash on hand should not be excessive otherwise the cash would remain idle, reducing the over all profit ability. Sources of Cash flows, The most important source of cash in flow is that which is generated by business operations. This includes two items. Profit from change in current assets is current liabilities. Profit from operations. Cash Flow from change in current assets is current liabilities. Cash flow from fixed Assets and Liabilities (A) Cash Receipts (1) Sale of fixed assets (2) (3) (4) (B)
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Sales of investment Proceeds of fresh issue of shares or debentures Bank Loan etc.

Cash Payment

(1) Purchase of fixed assets (2) Shares capital or bank loan returned (3) Payment of dividend (4) Payment of taxes

Utility of cash Flow Statement

(A) (B) (C) (D) (E)

Efficient Cash Management Useful for internal Financial Management Information about cash receipts and payments Useful for Control Ease in obtaining funds

Limitations of Cash Flow Statement (A) (B) (C) Does not always show the true liquid position of business. Fails to give any idea about the profitability Cash Flow can at the best supplement fund flow statement be because cash is only a part of working capitals. (D) Cash Flow Statement is not useful by it self for cash planning and control.

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RATIOCALCULATION
2009 2119.93 428.33 40.10 33.70 16.80 16.75 45.78 28.18 5.57 2733.14 2010 2361.93 493.04 51.76 39.35 22.63 19.11 47.03 35.29 5.91 3076.05 2011 2081.9 600 66.84 37.66 16.93 24.99 65.98 41.67 8.61 3944.6

C.o.g.s. calculation PARTICULARS Raw material consumed (+)packing materials (+)cost of paints purchase for resale (+)cost of other goods sold (+)increase in excise duty on finished goods (+)stores and surplus (+)power and fuel (+)processing charges (+)repairs maintenance of machinery total WORKING NOTE FOR GROSS PROFIT Particulars Sales (-)c.o.g.s Total 2009 4270.05 2733.14 1536.91 2010 5125.08 3076.05 2049.03 2011 6322.24 3944.6 2377.64

WORKING NOTE FOR CAPITAL EMPLOYED Particulars Share capital (+)reserve&surpluse (+)secured loan Total 2009 95.92 998.55 24.59 1119.06 2010 95.92 1461.30 25.59 1582.81 2011 95.92 1879.40 23.43 1998.75

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(1)Net profit ratio This ratio measured the relation between the net profit and sales of firm.the net profit is obtained after changing operating expenses,interest,depreciation and taxes to the gross profit. Formula:Net profit= net profit (PAT) sales 100

Particular Net profit100 Net sales Ratio(%)

2009 364.3 4330.11 8.41

2010

2011

774.50 775.15 5268.93 6410.40 14.69 12.09

20 15 10 5 0 2008-09 2009-10 2010-11 8.41 14.69 12.09

INTERPRETATION=
FROM THE ABOVE NET PROFITE RATIO WE CAN SAYS THAT COMPANY EARNS MORE NET PFOFITE OF THE YEAR 20009-2010 THEN THE OTHER YEARS 20082009,2010-2011 THE RATIO OF 2009-2010 IS MORE THAN 2008 AND 2010-2011

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(2)RETURN ON CAPITAL EMPLOYED


This ratio shows the relationship between net profit before interest and tax to capital employed, capital employed=share capital long term lai.+res. &surplus. Formula:Return on capital employed=NPBIT capital employed100 particular NPBIT100 Capital employed Ratio(%)
80 60 40 20 0 2008-09 2009-10 2010-11 49.89

2009 558.28 119.06 49.89


70.6

2010 1118.18 1582.81 70.60

2011 1138.18 1998.75 56.94

56.94

INTERPRETATION= FROM THE ABOVE DATA THE YEAR 2009-2010S RATIO IS MORE THAN OTHER YEAR 2008-009 AND 2010-2011

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(3)Equity per share: this ratio measures the profit available to equity share holders on per share basis. Formula:EPS=after tax profit-preference dividend/no. of equity share
Particular NPBIT-Pref.divi. No. of equity share Ratio 2009 3673600000 95919779 37.78 2010 7745000000 95919779 80.75 2011 7751500000 95919779 80.81

90 80 70 60 50 40 30 20 10 0 2008-09 37.78

80.75

80.81

2009-10

2010-11

INTERPRETATION= THERE ARE EPS IS 37.78% IN 2009.THEN IT IS CONTINUASLY INCREASE IN 2010 AND 2011.IT IS GOOD SIG FOR COMPANY.

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(4)Return on shareholders equity:this ratio measured the profitable in relation to only owner spend. Formula:Return on shareholder equity=NPAIT*100/shareholder Particulars NPAT100 Shareholder fund Ratio 2009 362.36 1094.47 33.11 2010 774.50 1557.22 49.74 2011 775.15 1975.32 39.24

60 50 40 30 20 10 0 2008-09 33.11

49.74 39.24

2009-10

2010-11

INTERPRETATION=
FROM THE ABOVE DATA THE YEAR 2009-10HAVE MORE RATE OF PERCENTAGE THAN 20082009AND 2010-2011.

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(5)Capital employed& long term Loan:the ratio is useful in measuring the managerial efficiency of operating the business. Formula:Capital employed=capital employed/long term loan particular Capital employed Long term loan ratio
.
35 30 25 20 15 10 5 0 2008-09 2009-10 2010-11 14.68 22.7 30.45

2009 1975.32 64.86 30.45

2010 1094.47 74.53 14.68

2011 1557.2 38.59 22.70

INTERPRETATION= ROM THE ABOVE DATE THE YEAR 2008-2009S RATIO IS MORE THEN 200910,2010-2011.IT IS GOOD SIGN FOR THE COMPANY.

(6)Proprietor ratio:
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-the ratio shows the proportion of proprietor fund to the total assetsemployed in business. The higher ratio shows stronger financing position of the enterprise. Formula:Proprieties ratio:-proprieties fund/total assets*100

particular PROPRIETOREY FUND TOTAL ASSETS ratio

2009 1094.47 2174.65 50.33

2010 1557.22 3134.15 49.69

2011 1975.32 3861.66 51.15

.
51.5 51 50.5 50 49.5 49 48.5 2008-09 2009-10 2010-11 50.33 49.69 51.15

INTERPRETATION= FROM THE ABOVE DATA WE CAN SAY THAT THE RATIO OF 2010-2011 IS 51.15% WHICH IS HIGHER THAN THE OTHER RATIO WHICH ARE 50.33% OF 2008-2009 AND 49.69% OF 2009-2010.

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(7)Debtor equity ratio:this ratio is only another form of proprietary ratio and establishes relationship between the outside long term liability and owners funds. Formula:Deb equity ratio=long term liability/shareholders fund*100 particular Long term Share holders fund Ratio(%)
2.5 2 1.5 1 0.5 0 2008-09 2009-10 2010-11

2009 24.59 1094.47 2.25

2010 25.59 1557.59 1.64

2011 23.43 1975.32 1.19

2.25 1.64 1.19

INTERPRETATION= FROM THE ABOVE DATA THE YEAR 2008-09 HAVE HIGHER DEBT.EQUTIY RATIO THEN OTHER YEARS WICH ARE 2009-2010 AND 2010-2011. THE LOWEST RATE SHOWS THAT BUSINESS IS STABLE.

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(8)Interest coverage ratio: -this ratio indicates to how many times the profit cover the payment of interest on debenture and other long term loans. Formula:Interest coverage ratio=EBIT/interest particular EBIT Interest Ratio(times) 2009 558.28 10.40 53.68 2010 1118.43 13.76 81.28 2011 1138.18 15.35 74.15

90 80 70 60 50 40 30 20 10 0

81.28

74.15

53.68

2008-09

2009-10

2010-11

INTERPRETATION= THE YEAR 2009-10 HAS HIGHEST RATE OF COVRAGE RATIO WHICH 81.28 TIMES WHERE OTHER ARE 53.08 OF THE YEAR 2008-09 AND 74.15 OF THE YEAR 201011.

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(9)Total assets turnover ratio:the funds used in business are employed in both fixed assets and current assets both and profit is earned with the help of both. Formula:Total assets turnover ratio=sales/total assets Particular Sales Total assets Ratio(times) 2009 4270.05 2174.65 1.96 2010 2011 5125.08 6322.24 3134.15 3861.66 1.64 1.64

2 1.9 1.8 1.7 1.6 1.5 1.4

1.96

1.64

1.64

2008-09

2009-10

2010-11

INTERPRETATION= THE DATA SHOWS THAT YEAR 2008-09 HAVE HIGHEST RATE OF TOTAL ASSETS TURNOVER RATIO WHICH IS 1.96 TIMES HEN OTHER YEAR 2009-10 AND 2010-11 HAS SIMILAR RATE OF TOTAL ASSETS TURNOVER RATIO.

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(10)Fixed assets turnover ratio:to certain in the efficiency and profitability of business the total fixed assets are compared to sales. Formula:Fixed assets turnover ratio=sales/fixed assets Particular Sales Fixed assets ratio 2009 4270.05 711.77 5.99 2010 2011 5125.08 6322.24 1088.18 1096.86 4.71 5.76

7 6 5 4 3 2 1 0

5.99 4.71

5.76

2008-09

2009-10

2010-11

INTERPRETATION= THE ABOVE DATA SHOWS THAT THE YEAR 2008-09 HAVE HIGHEST TIME OF FIXED ASSETS TURNOVER RATIO IS 6 TIMES WHERE OTHER ARE 4.71 AND 5.76 TIMES RESPECTIVELY.

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(11)Current assets turnover ratio: -the fund used in business is employed in both fixed and current assets both and profit is earned with the help of both. Formula:Current assets turnover ratio=sales/current assets Particular Sales Current assets ratio 2009 4270.05 957.74 4.45 2010 5125.08 1745.98 2.93 2011 6322.24 1460.44 4.32

5 4 3 2 1 0

4.45

4.32

2.93

2008-09

2009-10

2010-11

INTERPRETATION= THE ABOVE DATA SHOWS THAT THE YEAR 2008-09 IS HIGHEST RATIO COMPAIRE TO YEAR 2010 AND 2011.

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(12)Return on total assets:this ratio shows relationship between net profit after tax and total assets. Formula:Return on total assets=NPAIT/total assets*100 Particular NPAIT*100 Total assets ratio 2009 351.96 2174.65 16.18 2010 760.74 3134.28 24.26 2011 759.8 1730.04 43.91

50 40 30 20 10 0 2008-09 2009-10 16.18 24.26

43.91

2010-11

INTERPRETATION= FROM THE ABOVE DATA SAYS THAT THE YEAR 2010-11S RATIO IS HIGHEST RATIO COMPAIRE TO OTHER YEAR 2009 AND 2010. IT IS GOOD SIGN FOR THE COPANY.

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(13)Gross profit ratio:it is the basis measure on business it express relationship between gross profits to net sales. Formula:Gross profit ratio=gross profit/sales*100 particular Gross profit*100 Sales ratio 2009 1536.91 4270.05 35.993 2010 2049.03 5125.08 39.98 2011 2377.64 6322.24 37.61

41 40 39 38 37 36 35 34 33

39.98 37.61 35.993

2008-09

2009-10

2010-11

INTERPRETATION= THE RATIO OF 2010-11 IS MORE THAN 2008-09 BUT LESS THAN 2009-2010.

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(14)Financial Expenditure ratio:it shows the expenditure of the company. Formula:Financial Expenditure ratio=expenses/sales*100 Particular Expenses*100 Sales ratio 2009 24.66 4270.05 0.58 2010 39.41 5125.08 0.77 2011 36.74 6322.24 0.58

1 0.8 0.6 0.4 0.2 0 2008-09 2009-10 2010-11 0.58 0.77 0.58

INTERPRETATION= FROM THE ABOVE RATIO WE CAN SAY THAT THE YEAR 2009-10HAVE HIGHER PERCENTAGE RATE OF RATIO WHERE THE YEAR 2008-09 AND 2010-11 HAVE LOWEST PERCENTAGE RATE OF RATIO.

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(15)Debtors ratio:the debtors ratio shows the number of days taken to collect the duke of credits sales. Formula:Debtor ratio=debtors bill receiver/credit sales*360 particular Debtor b/r Credit sales Ratio(days) 2009 359.32 4270.05 30.29 2010 398.08 2011 453.8

5125.08 6322.24 27.96 25.84

32 30 28 26 24 22

30.29 27.96 25.84

2008-09

2009-10

2010-11

INTERPRETATION= FROM THE ABOVE DATA WE CAN SAY THAT DEBTORS ARE CONTINUASLEY REDUSE WHICH IS GOOD SIGN FOR CCOMPAY.

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(16)Cost of goods sold:this ratio is used to ascertain the efficiency of the management. It is affected by a number of factors. Formula:Cogs ratio=cogs/sales*100 particular Cogs*100 Sales ratio 2009 2733.14 4270.05 64.01 2010 3076.05 5125.08 60.01 2011 3944.6 6322.24 68.39

70 68 66 64 62 60 58 56 54

68.39 64.01 60.1

2008-09

2009-10

2010-11

INTERPRETATION= THE YEAR 2010-11 HAS HIGHEST RATE OF COGS RATIO WHICH IS 68.39%WHERE OTHER ARE 64.01% THE YEAR 2008-09 AND 60.1 OF THE YEAR 2009-10.

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(17)Administrative ratio:-

Formula:Administrative ratio=admi. /sales*100 Particular Administrative Sale ratio 2009 322.53 4270.05 7.55 2010 350.56 5125.56 6.84 2011 413.75 6322.24 6.54

8 7.55 7.5 7 6.5 6 2008-09 2009-10 2010-11 6.84 6.54

INTERPRETATION= IF THE ADMINISTRATIVE EXPENSES IS LESS THEN COMPAMY WILL GET GOOD REWARDS BUT IF IT IS HIGH EXPENDITURE WILL ALSO HIGH SO IT IS GOOD TO DECREASE THE ADMINISTRATIVE EXPENSES RATE.

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(18)Operating expenses:-

Formula:Operating expenses=cogs+op. expe/sales*100 particular Cogs+op exp.*100 Sales ratio


78 76 74 72 70 2008-09 2009-10 2010-11 72.99 77.5

2009 2010 2011 3309.21 3740.76 4712.56 4270.05 5125.08 6322.24 77.50 72.99 74.54

74.54

INTERPRETATION= FROM THE ABOVE RATIO WE CAN SAY THAT THE YEAR 2008-09 HAVE HIGHER PERCENTAGE RATE OF RATIO WHERE THE YEAR 2009-10 ON HAVE LOWESTE PERCENTAGE OF OPERATING RATIO.

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(19)Interest Coverage ratio:

Formula: EBIT/INTREST
Particular EBIT INTREST ratio 2009 558.28 10.40 53.68 2010 1118.43 13.76 81.28 2011 1138.18 15.35 74.15

100 80 60 40 20 0 2008-09 53.68

81.28

74.15

2009-10

2010-11

INTERPRETATION= THE YEAR 2009-10 HAS HIGHEST RATE OF COVRAGE RATIO WHICH 81.8 TIMES WHERE OTHER ARE 53.68 OF THE YEAR 2008-09 AND 74.15 OF THE YEAR 2010-11.

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8 SPREAD SHEET

SHARE CAPITAL (1) EQUITY SHARE CAPITLE (2) PREFRENCE SHARE CAPITAL (3) RESEVES AND SURPLUS 95.92 998.85 1094.47 95.92 1461.3 1557.22 95.92 1879.4 1975.32

NET WORTH
LOAN AND FUNDS SECURED LOAN UNSECURED LOAN DEFEREED TAX LIBILITY TOTAL APPLICATION OF FUNDS FIXED ASSETS GROSS BLOCK DEPRICIATION NET BLOCK CAPITAL WORK IN PROGRESS INVESTMENT CURRENT ASSETS,LOANS AND ADVANTEGES INVENTORIES SUNDRY DEBTORS CASH AND BANK BALANCE INTREST OTHER ASSETS LOANS AND ADVANTAGES CURRENT LIABILITY&PROVISION LIABILITY PROVISIONS TOTAL ASSETS

24.59 49.94 47.91 1216.91

25.59 43 57.9 1673.71

23.43 41.43 75.5 2115.68

116.93 494.02 622.91 88.86 234.77 546.71 3110.2 128.26 0.16 48.3 193.66 771.9 185.84 1216.91

1194.39 486.93 707.46 380.72 703.69 763.14 331.43 28.6 0.16 67.85 151.1 1156.27 304.17 1673.71

1611.22 554.03 1057.19 39.67 1034.76 1071.76 366.68 20.47 0.17 87.12 183.84 1407.73 338.25 2115.68

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7. PROFIT&LOSS ACCOUNT
PARTICULARS INCOME SALES AND OPERATING INCOME (-)EXCISE DUTY SALES AND OPRATING INCOME Other income TOTAL EXPENDITURE MATERIAL COST EMPLOYEE COST MANUFACTURING ADMINI-,SELLING&DISTIBUTION EXP. PROFIT BEFORE INTREST (-)INTREST (-)DEPRICIATION PROFIT BEFORE TAX AND EXCEPTIONAL TTEAMS (+)EXCEPTIONAL ITEMS PROFIT BEFORE TAX (-)PROVISIONS FOR TAX DEFFERD TAX TARING BANIFITS TAX EXCESS TAX PROFIT AFTER TAX(-PRIOR PERIOD ITEMS) PROFIT AFTER TAX (+)BALANCE B/F FROM PRE.YEAR AMOUNT AVAILABLE FOR APROPRIATION APROPRIATION DIIDEND EQUTIY SHARES (-)INTERIM DIVIDEND (-)PROPOSED DOVIDEND TAX ON DIVIDEND TRANSFER TO GENRAL RESERVE BALANCE CARRIED TO BALANCE SHEET 2009 4819.13 549.08 4270.05 60.06 4330.11 2606.93 238.9 862.95 621.33 10.4 57.15 553.78 5.9 547.88 162.8 16.39 6.78 2.40 364.31-1.95 362.36 200 562.36 62.35 105.51 135.97 230 562.36 38.39 37.78 2010 5528.82 403.74 5125.08 143.85 5268.93 2840.24 260.64 1014.14 1153.71 13.76 60.64 1079.21 25.46 1104.67 334.01 2.45 6.29 774.5 774.5 230 1004.5 81.53 177.45 102.19 600 1004.5 78.09 80.84 2011 6943.85 621.64 6322.24 88.16 6410.40 3646.87 300.45 1230.42 1232.66 15.35 94.48 1122.83 1122.82 325.49 26.41 -4.22 775.15 775.15 600 1375.15 81.53 225.41 418.10 600 1375.15 80.81 80.81

EARNINGS PER SHARE BASIC AND DILUTED EARNING PER SHARE BASIC AND DILUTED (after exceptional items)

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8. COMMON SIZED BALANCESHEET


PARTICULAR FUNDS EMPLOYED SHARE HOLDERS FUNDS SHARE CAPITAL RESERVE&SURPLUS LOAN FUNDS SEVRAL LOANS DEFFERED TAX LIABILITY(NET) AMOUNT IN RS. 2009 2010 2011 % OF TOTAL 2009 2010 2011

95.92 998.55 1094.47 24.59 49.94 74.53 47.91

95.92 1461.30 1557.22 25.59 43.00 68.59 47.90

95.92 1879.40 1975.32 23.43 41.43 64.86 75.50

7.89 82.95 89.94 2.02 4.10 6.12 3.94

5.73 87.31 93.04 1.53 2.57 4.10 2.86

4.53 88.83 99.36 1.11 1.96 3.07 3.57

TOTAL
APPLICATION OF FUNDS FIXED ASSETS GROSS BLOCK (-)DEPRICIATION NET BLOCK (+)CAPITAL WORK IN PROGRESS INVESTMENT CURRENT ASSETS LOAN &ADV. INT.ACCURED ON INVESTMENT INVENTORIES SUNDERY DEBTORS CASH&BAMK BALANCE OTHER CURRENT ASSETS LOAN&ADV. CURRENT LIABILITY CURRENT LIABILITY PROVISIONS

1216.91 1673.71 2115.68 100

100 100

1116.93 494.02 622.91 88.86 711.77 234.77 0.16 546.71 311.02 128.26 48.30 193.66 1228.11 771.90 185.84 957.84

1194.39 486.93 707.46 380.72 1088.18 703.69 0.16 763.14 331.43 28.60 66.55 152.40 1342.28 1156.27 304.17 1460.44

1611.22 554.03 1057.19 39.67 1096.86 1034.76 0.17 1074.76 366.68 20.47 87.12 183.84 1730.04 1407.73 338.25 1475.98

91.78 40.60 51.19 7.30 58.49 19.29 0.01 44.93 25.56 10.54 3.97 15.91 100.92 63.43 15.27 78.70

71.36 29.09 42.27 22.75 65.02 42.04 0.04 45.60 19.80 1.17 3.98 9.11 80.20

76.16 26.19 49.97 1.88 51.85 48.91 0.01 50.66 17.33 0.97 4.1 8.69 81.77

69.08 66.54 18.17 15.99 87.26 82.53

CURRENT ASSETS

270.37

118.16

75.94

22.22

7.06

0.75

TOTAL

1216.91 1673.71 2115.68 100

100 100

44

9 COMMON SIZE P&L ACCOUNT

PARTICULARS SALES (-)C.O.G.S. G.P (-)ADV.EXPENSES (-)S&D EXPENSES (-)FINANCIAL EXPENSES PROFIT

AMOUNT IN RS. 20109 2010 4270.05 5125.08 2733.14 3078.05 1536.91 2049.03 322.53 350.56 228.88 274.74 24.66 39.41 960.84

% OF SALES 2011 2009 2010 6322.24 100 100 3944.06 64.01 60.02 2377.64 35.99 39.98 413.75 7.55 6.84 317.47 5.36 5.36 36.74 0.58 0.77

2011 100 62.39 37.61 6.54 5.02 0.58

1384.32 1609.68 22.50 27.01 25.46

45

10 CONCLUSION

Asian paints ltds progress is quite good. Its hardworking & support of employee. It is international industry.The draft is increasing something like employment income. If asianpaintsltd. continues in this manner for the coming years .I can sure that it will become succession recently. I wish them every success in their enslslavers to come. The closely related risk, against which asianpaints, must hedge is to capture a large market share over its competitors

46

11 BIBLIOGRAPHY

For introduction of Asian paint limited = www.asian paints.com For annual reports of the company =www.asianpaints.com Ratio analysis=management accountancy (5
th

edition)

47

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