BAALNCE SHEET as on 31st march,2008 20082007Sources of fundsShareholders fundShare capital 273.30 255.58Reserves & Surplus1197.051131.451470.351387.03Loan fundsSecured loan1774.941772.72Unsecured loan 97.52 161.571872.461934.29Deferred tax lib. 12.82 12.82Total 3355.633334.16

20082007Less: Current Lib.& Provision Current Liabilities 360.54 408.99 Provisions 21.81 12.15 382.35 421.41 Net Current assets1088.791169.77 Miscellaneous Exp. 9.50 0.00Total3355.633334.16

RATIO ANALYSIS

LIQUIDITY RATIOS

QUICK RATIO = QUICK ASSETS CURRENT LIABILITIES2008 = 2.34:12007 = 2.24:1INTERPRETATION: 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 RATIOS CAPITAL TUROVER RATIO = NET SALES CAPITAL EMPLOYED2008 = 0.702007 = 0.56INTERPRETATION: 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 SALESNET FIXED ASSETS2008 = 1.12007 = 0.90INTERPRETATION:As the ratio increases from the last year ratio it shows that there is better utilisation of fixed assets.

PROFITABILITY RATIOS

GROSS PROFIT RATIO = GROSS PROFIT X 100NET SALES2008 = 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 SALES2008 = 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 EMPLOYED2008 = 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 100EQUITY SHAREHOLDER FUNDS2008 = 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 RATIOS DEBT EQUITY RATIO = DEBTEQUITY FUNDS2008 = 1.232007 = 1.33INTERPRETATION: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 + EQUTY2008 = 0.55:12007 = 0.57:1INTERPRETATION: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 STATEMENT 2008 2007 Amt % to sales Amt % to salesSales 2271.27 100.00 1847.99 100.00Raw mat. consumed 557.13 24.50 571.93 30.90Employees emoluments 233.40 10.27 204.33 11.05Other 877.19 38.62 780.24 42.21 Interest 131.40 05.70 150.26 08.13Depreciation 136.64 06.00 143.36 07.75PBT 29.61 01.30 27.71 01.50 PBEO 27.36 01.20 25.27 01.36Bal. as per last years B/S 425.00 18.71 321.17 17.37Bal. carried to B/S 434.92 19.14 425.00 23.00

TREND ANALYSIS

20072008

Sales 100122Raw mat. consumed 100101 Employees emoluments100114Other 100112Interest 100 87Depreciation100 95 PBT 100106PBEO 100108 Bal. as per last years B/S 100132Bal. carried to B/S 100102

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