MANAGERIAL BALANCE SHEET

LIABILITIES 2005-06 2006-07 2007-08 2008-09 2009-10

SHAREHOLDERS FUNDS
EQUITY 217,74.63 217,98.76 218.17
Reserves and Surplus 129041.26 191948.45 2365.35
Minority Interest 549.68 778.24 0.00

TOTAL EQUITY 151365.57 214525.45 2583.52

DEBT 102,14.97 434,13.38 0.00

Deferred Tax Liability 195,25.25 190,64.83 202.31

TOTAL 181105.79 277003.66 2785.83

CURRENT LIABILITY

COMMON SIZE STATEMENT

LIABILITIES 2005-06 2006-07 2007-08 2008-09 2009-10
SHAREHOLDERS FUND #REF! #REF! #REF!
DEBT #REF! #REF! #REF!
DEFFERED TAX LIAB #VALUE! #VALUE! 0.07

TOTAL 1.00 1.00 1.00

COUMPOUNDED ANNUAL GROWTH RATE

LIABILITIES 2008-09 2007-08 2006-07 2005-06
SHAREHOLDERS FUNDS
EQUITY #REF! #REF! #REF!
RETAINED EARNINGS #DIV/0! -1.00 -0.33
MINORITY INTEREST #REF!
TOTAL EQUITY #REF! #REF! #REF!
DEBT #REF! #REF! #REF!
DEFFERED TAX LIABILITY #DIV/0! #VALUE! #VALUE!
(DTL-DTA)

TOTAL #DIV/0! -1.00 -0.35

CURRENT LIABILITY #DIV/0! #DIV/0! #DIV/0!

ASSETS 2005-06 2006-07 2007-08 2008-09 2009-10

NFA 1747,72.11 2135,85.64 2436.07

INVESTMENTS 1429,18.84 287,64.45 1264.08
NCWC -203787.96 -196127.19 -3257.66
CASH 262,42.19 1864,11.67 1892.21
Deferred Tax Assets 409,60.61 443,69.09 451.13
TOTAL 181105.79 277003.66 2785.83

CURRENT ASSETS 5539.28

ASSETS 2005-06 2006-07 2007-08 2008-09 2009-10

NFA #VALUE! #VALUE! 0.87

INVESTMENTS #VALUE! #VALUE! 0.45
NCWC -1.13 -0.71 -1.17
CASH AND BANK #VALUE! #VALUE! 0.68

TOTAL 1.00 1.00 1.00

ASSETS 2008-09 2007-08 2006-07 2005-06

NFA #REF! #REF! #REF!
INVESTMENTS #REF! #REF! #REF!
NCWC #REF! #REF! #REF!
CASH AND BANK #REF! #REF! #REF!

TOTAL #DIV/0! -1.00 -0.35

CURRENT ASSETS #DIV/0! #DIV/0! #DIV/0!

PROFIT AND LOSS
2005-06 2006-07 2007-08 2008-09
SALES 10,711.26 15,301.34 20,623.88 22,561.02
LESS: COGS 7110.9 11703.19 16605.68 19085.02
EBIDT 3,600.36 3,598.15 4,018.20 3,476.00
LESS: DEP 517.44 640.5 931.12 1265.3
EBIT 3,082.92 2,957.65 3,087.08 2,210.70
LESS: INTEREST 789.01 665.7 598.85 447.87
ADD: OTHER INCOME 196.84 947.37 1,159.25 227.01
EBT 2,490.75 3,239.32 3,647.48 1,989.84
LESS: TAX 735.95 757.69 1,002.77 599.24
PAT 1,754.80 2,481.63 2,644.71 1,390.60
LESS/ADD: Taxation Adjustmen 0.60 2.59 5.50 1,043.48
ADD: PROFIT (Last Year) 1,077.92 2,832.12 728.68 1,143.75
Profit Availabl for Appropriati 2,832.12 5,311.16 3,367.89 3,577.83
LESS: Adjustments 4,601.97 2,224.14
RETAINED EARNINGS 2,832.12 709.19 1,143.75 3,577.83

COMMON SIZE STATEMENT

SALES 1 1 1 1
LESS: COGS 0.663871477305191 0.76484739245 0.80516760183 0.84592895179
EBIDT 0.336128522694809 0.23515260755 0.19483239817 0.15407104821
LESS: DEP 0.048308042191115 0.04185907901 0.04514766378 0.05608345722
EBIT 0.287820480503694 0.19329352854 0.1496847344 0.09798759099
LESS: INTEREST 0.073661735407412 0.04350599359 0.0290367283 0.01985149608
EBT 0.232535668072664 0.21170172024 0.17685711903 0.08819813998
PAT 0.163827598247078 0.16218383488 0.1282353272 0.06163728413

COMPOUNDED ANNUAL GROWTH RATE

2008-09 2007-08 2006-07
SALES -0.30 -0.26 -0.09
LESS: COGS -0.39 -0.30 -0.13
EBIDT 0.00 -0.10 0.16
LESS: DEP -0.19 -0.31 -0.26
EBIT 0.04 -0.04 0.40
LESS: INTEREST 0.19 0.11 0.34
EBT -0.23 -0.11 0.83
PAT -0.29 -0.06 0.90
TAX RATE -0.77 -0.53 -0.99
2009-10
25,364.68
21727.45
3,637.23
1542.45
2,094.78
529.97
246.63
1,811.44
363.69
1,447.75
1,158.01
3,577.83
6,183.59

6,183.59

1
0.856602567
0.143397433
0.0608109387
0.0825864943
0.0208940148
0.0714158428
0.0570774005
CASH FLOW ANALYSIS
2008-09 2007-08 2006-07 2005-06
CASH FROM OPERATING ACTIVITIES
EBITDA 3,600.36 2,957.65 3,087.08 2,210.70
LESS: INCR IN NCWC 2,823.97 14,045.08 8,649.42 8,523.90

A 776.39 -11,087.43 -5,562.34 -6,313.20

CASH FROM INVESTING ACTIVITIES

INCR IN NFA #REF! #REF! #REF! #REF!
INCR IN INVESTMENTS #REF! #REF! #REF! #REF!

B #REF! #REF! #REF! #REF!

CASH FROM FINANCING ACTIVITES

INCREASE IN DEBT #REF! #REF! #REF! #REF!
LESS: INTEREST PAID 1,074.14 665.70 598.85 447.87
LESS: DIVIDEND PAID 473.86 474.13 471.86 470.86
INCREASE IN EQUITY #REF! #REF! #REF! #REF!
#REF! #REF!
C #REF! #REF! #REF! #REF!

A-B+C #REF! #REF! #REF! #REF!

CHANGES IN NET CASH #REF! #REF! #REF! #REF!

NCWC 2008-09 2007-08 2006-07 2005-06
INVENTORY 11,394.35 8,393.24 3,907.62 2,664.85
DEBTORS 3,683.20 5,548.10 1,577.38 802.97
LOANS AND AD 18,964.82 17,277.06 11,688.32 5,056.08

CL 0.00 0.00 0.00 0.00

INCRS/ DECREASE

INVENTORY 3,001.11 4,485.62 1,242.77 2,664.85

DEBTORS -1,864.90 3,970.72 774.41 802.97
LOANS AND AD 1,687.76 5,588.74 6,632.24 5,056.08
CL 0.00 0.00 0.00 0.00

2,823.97 14,045.08 8,649.42 8,523.90

FCFF
2008-09 2007-08 2006-07 2005-06 2004-05
EBIT 3,082.92 2,957.65 3,087.08 2,210.70 2,094.78
EBIT(1-T) 1,233.17 -4,702.66 -13,891.86 ###
ADD: DEP 517.44 640.50 931.12 1,265.30 1542.45
GROSS NOPAT 1,750.61 -4,062.16 -12,960.74 ###
LESS: INCR IN NFA #REF! #REF! #REF! #REF!
LESS: INCR IN INVESTMNTS #REF! #REF! #REF! #REF!
LESS: INCR IN NCWC 2,823.97 14,045.08 8,649.42 8,523.90

ADD: DTL 0.00 0.00 195,25.25 190,64.83

#REF! #REF! #REF! #REF!

FCFE
2008-09 2007-08 2006-07 2005-06 2004-05
FCFF #REF! #REF! #REF! #REF!
LESS: INTEREST (1-T) -315.60 1,058.46 2,694.83 ###
ADD: INCR IN DEBT #REF! #REF! #REF! #REF!
LESS: DIVIDEND PAID 473.86 474.13 471.86 470.86
ADD:INCREASE IN EQUITY #REF! #REF! #REF! #REF!
#REF! #REF! #REF! #REF!

#REF! #REF! #REF! #REF!

REINVESTMENT RATIO
1-FCFF/ NOPAT
INCR IN NFA+NCWC/ NOPAT
S

CASH BALANCE #REF! #REF! #REF! #REF!

PAT+INT*(1-T)
2070.404 1423.167 -50.115 -465505
 2008-09 2007-08 2006-07 2005-06
Net profit 3,083 2,958 3,087 2,211

Sales 10,711 15,301 20,624 22,561

Average net total assets 0 90,553 229,055 139,895

Average equity 0 64,521 160,495

NOPAT i.e EBIT (1-t) 1,233 -4,703 -13,892 ###

PAT 1,755 2,482 2,645

Return on capital employed #DIV/0! -0.05 -0.06 -16.47

Return on equity #DIV/0! 0.04 0.02 #DIV/0!

Net profit margin 0.29 0.19 0.15 0.10

Asset turnover #DIV/0! 0.17 0.09 0.16

Financial leverage #DIV/0! 1.40 1.43 #DIV/0!

 2008-09 2007-08 2006-07 2005-06

EPS 15.07 31.29 24.26 13.84

Change in EPS 1.076311 -0.224672 -0.429514
PE ratio
Average change in EPS 0.140708
PEG ratio 0