maruti balance sheet analysis
DESCRIPTION
TRANSCRIPT
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BALANCE SHEET
ANALYSIS OF
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COMPANY OVERVIEW
Maruti Suzuki India Limited is a subsidiary company of Japanese automaker, Suzuki
Motor Corporation
It has a market share of 44.9% of the Indian passenger car market as of March 2011
The first company in India to mass-produce and sell more than a million cars
In February 2012, the company sold its 10th million vehicle in India
Exports more than 50,000 cars annually
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A/C
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PROFIT & LOSS A/C(INCOME)
PARTICULARS MARCH - 2012 MARCH - 2011 MARCH - 2010
Sales Turnover 39,495.30 40,871.50 31,947.70
Excise Duty3,908.20 4,253.10 2,848.80
Net sales35,587.10 36,618.40 29,098.90
Other Incomes 826.80 508.80 1,024.30
Stock Adjustment 131.20 56.00 193.30
Total Income36,545.10 37,183.20 30,316.50
All figures are in CRORES
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EXPENDITURE
PARTICULARS MARCH 2012 MARCH
2011MARCH 2010
Raw Materials 28,239.50 28,419.90 22,363.50
Power & Fuel Cost 229.50 210.20 216.60
Employee Cost 843.80 703.60 538.00
Other Manufacturing Expenses
181.50 155.00 308.90
Selling and Admin.Expenses
2,906.20 2,963.10 2,120.97
Miscellaneous Expenses
847.50 609.80 317.53
Less: Pre-operative Expenses Capitalised
42.70 25.70 0.00
Raw Materials 28,239.50 28,419.90 22,363.50
Power & Fuel Cost 229.50 210.20 216.60
Total Expenditure 33,205.30 33,035.90 25,865.50
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PROFIT SCENARIO
PARTICULARSMARCH 2012
MARCH 2011
MARCH 2010
Total Expenditure 33,205.30 33,035.90 25,865.50
Operating Profit 3,339.80 4,147.30 4,451.00
Interest 55.20 25.00 33.50
Gross Profit 3,284.60 4,122.30 4,417.50
Depreciation 1,138.40 1,013.50 825.00
Profit Before Tax 2,146.20 3,108.80 3,592.50
Tax 413.80 810.10 1,123.00
Fringe Benefit tax 0.00 0.00 0.00
Deferred Tax 97.20 10.10 -28.10
Reported Net Profit 1,635.20 2,288.60 2,497.60
Extraordinary Items 174.09 36.22 78.98
Adjusted Net Profit 1,461.11 2,252.38 2,418.62
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(SOURCE OF FUNDS)
PARTICULARS MARCH - 12 MARCH - 11 MARCH - 10
Share Capital 144.50 144.50 144.50
Reserve Total 15,042.90 13,723.00 11,690.60
Total Shareholders Fund
15,187.40 13,867.50 11,835.10
Secured Loans 0.00 0.00 26.50
Unsecured Loans
1,236.90 309.20 794.90
Total Debts 1,236.90 309.20 821.40
Total Liabilities 16,424.30 14,176.70 12,656.50
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APPLICATION OF FUNDS
PARTICULARSMARCH-12 MARCH-11 MARCH10
Gross Block14,734.70 11,737.70 10,406.70
Less : Accumulated Depreciation
7,214.00 6,208.30 5,382.00
Less: Impairment of Assets
0.00 0.00 0.00
Net Block7,520.70 5,529.40 5,024.70
Lease Adjustment0.00 0.00 0.00
Capital Work in Progress 611.40 862.50 387.60
Investments6,147.40 5,106.80 7,176.60
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CURRENT ASSETS, LOANS & ADVANCES
Particulars MARCH – 12 MARCH – 11 MARCH – 10
Inventories 1,796.50 1,415.00 1,208.80
Sundry Debtors 937.60 824.50 809.90
Cash & Bank 2,436.10 2,508.50 98.20
Loans & Advances 1,154.70 876.60 1,655.50
Total Current Assets 6,324.90 5,624.60 3,772.40
Current Liabilities 4,780.50 3,462.30 2,936.50
Provision 530.20 386.20 631.30
Total Current Liabilities 5,310.70 3,848.50 3,567.80
Net Current Assets 1,014.20 1,776.10 204.60
Less: Current Liabilities & Provision
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RATIO ANALYSIS
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Current assets, loans and advances + short-term investments Current liabilities + Provisions + Short-term Debt
Year 2012 2011
2010
CURRENT RATIO 1.1 1.1 1.2
2012 2011 20101.04
1.06
1.08
1.1
1.12
1.14
1.16
1.18
1.2
1.22
1.1 1.1
1.2
COMPUTATION =
CURRENT RATIO
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QUICK RATIO
Computation= Current assets, loans and advances – Inventories + short-term investmentsCurrent liabilities + Provisions + Short-term Debt Net of working capital limits
2012 2011 20100
0.51
1.52
2.53
3.54
4.55
YEAR 2012 2011 2010
QUICK RATIO 1.64 1.47 1.22
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Computation = Earnings Before Interest and Taxes (EBIT) Interest Expenses
YEAR2012 2011 2010
INTEREST COVER 35.7 125.4 108.2
2012 2011 20100
20
40
60
80
100
120
140
35.7
125.4
108.2
INTEREST COVER
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Year 2012 2011 2010
ROCE 12.7 23.2 32.0
2012 2011 20100
5
10
15
20
25
30
35
12.7
23.2
32
Net operating profit after TAXCapital Employed
COMPUTATION =
RETURN ON CAPITAL EMPLOYED
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Profit after TAX Weighted number of equity shares
Year 2012 2011 2010
E. P. S. 55.4 78.0 85.4
2012 2011 20100
102030405060708090
55.4
7885.4
EARNING PER SHARE:
Computation =
EARNINGS PER SHARE
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ANALYSIS OF P/L ACCOUNT
Total Income – compared to the base year 2010 we have 22.65% growth in 2011 and 1.72% decline in 2012
Total Expenditure - compared to the base year 2010 we have 27.72% growth in 2011 and .51% growth in 2012
Gross Profit – Compared to the base year 2010 we have 6.68% decline in 2011 and 20.33% decline in 2012
Net profit – compared to the base year 2010 we have 6.87% decline in 2011 and 35.12% decline in 2012
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ANALYSIS ofBALANCE SHEET
ITEMS
BASE YEAR 2010
2011
BASE YEAR2011
2012
TOTAL LIABILITIES
12% 15.86%
INVESTMENT - 28.85% 20.39%
TOTAL CURRENT ASSETS
49% 12.44%
NET CURRENT ASSETS
770.59% - 42.9%
TOTAL CURRENT LIABILITIES
7.88% 37.99%
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2010 2011 2012
Gross Profit 4417.5 4122.3 3284.6 NaN
Net Profit 2418.62 2252.38 1461.11 NaN
Net Current Assests
204.6 1776.1 1014.2 NaN
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( IN
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)SUMMARY
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SOURCES OF DATAS
www.wikipedia.org
www.moneycontrol.com
www.marutisuzuki.com
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