Professional Documents
Culture Documents
METHODOLOGY :
Sources:
The investigation relied on books, documents, annual report, literature, files
and personal observation to have an idea about the organizational set up,
functions of financial department and other groups.
KEY POLICIES
2009-2010
Product Award Award Body
Discover DTS-Si Most Value for Money-Bike of the Year ET NOW - ZigWheels
Kawasaki Ninja Motorcycle of the Year - Bike upto 250 cc NDTV Profit - Car & Bike
Bajaj Discover DTS-Si Motorcycle of the Year - Bike upto 125 cc NDTV Profit - Car & Bike
Kawasaki Ninja Two Wheeler of the Year NDTV Profit - Car & Bike
Bajaj Discover And Pulsar Best Integrated Campaign - Two wheelers NDTV Profit - Car & Bike
Bajaj Auto Most Trusted Brands - Auto Two Wheeler Brand Equity
Bajaj Auto Most Popular Two Wheelers Amongst Youth Global Youth Marketing Forum
2010
Bajaj Auto Chakan Plant - Super Platinum for ET - Frost & Sullivan
Manufacturing Excellence
Bajaj Auto Waluj Plant -Best-In-Class Manufacturing Stars of the Industry Group
Leadership Award - 2Wheeler
BALANCE SHEET
AS on 31ST MARCH, 2009
Rs. In Crores
As on As on
31.03.2009 31.03.2008
1. SOURCES OF FUNDS
Shareholder’s Funds
Share Capital 514.05 385.54
Reserves & Surplus 11716.10 7453.96
12230.15 7839.50
2. Loan Funds
Secured Loans 5251.65 2461.99
Unsecured Loans 7913.91 3818.53
13165.56 6280.52
3.Foreign Currency Monetary Item
Translation Difference Account (Net) 164.12 -
Deferred tax liability(net) 865.81 975.72
26425.64 15095.74
3. APPLICATION OF FUNDS
Fixed Assets
Gross Block 13905.17 10830.83
Less : Depreciation 6259.90 5443.52
Net Block 7645.27 5387.31
Add: Capital Work-in-progress 6954.04 5064.96
14599.31 10452.27
INVESTMENTS 12968.13 4910.27
Current Assets, Loans & Advances
Interest accrued on investments 0.11 0.86
Inventories 2229.81 2421.83
Sundry Debtors 1555.20 1130.73
Cash & Bank Balances 1141.82 2397.31
Loans & Advances 4764.75 4409.52
9691.69 10360.25
Current Liabilities & Provisions
Current Liabilities 8958.25 8643.67
Provisions 1877.26 1989.43
10835.51 10633.10
Net Current assets (1143.82) (272.85)
Miscellaneous Expenditure 2.02 6.05
(to the extent not written off or
adjusted)
Total Assets (Net) 26425.64 15095.74
Significant Accounting Policies
Notes to Balance Sheet
25660.79 28739.41
26586.76 29222.59
Expenditure
Appropriations
-
General reserve 100.13 1000.00
2399.62 3042.75
Ordinary shares
Basic 23.20 -
Diluted 21.33 -
COMPARATIVE STATEMENT:
% of Change on Sales
Absolute Absolute % of % of sales %
PARTICULARS
Amount Amount sales 2009 change
2008 2009 2008
Net Sales 28739.41 25660.79 - - -
(-) Operating Expenses 25807.82 23908.35 89.79 93.17 3.38
Operating Profit 2931.59 1752.44 10.20 6.82 (3.38)
(-) Non Operating Expenses 346.72 724.85 1.20 2.82 1.62
(+) Non Operating Income 483.18 925.97 1.68 3.60 1.92
Net Profit Before Tax & 2676.74 1853.56 9.31 7.61 (1.7)
Depreciation
Net Profit Before Tax & 2415.74 1079.02 8.40 4.20 (4.20)
Depreciation
In financial analysis, a ratio is used as a benchmark for evaluating the financial position
and performance of a firm. The absolute accounting figures reported in the financial
statements do not provide a meaningful understanding of the performance and financial
position of firm.
CONCLUSION:
The Company’s net sales & net profit has been decreased as compared to
previous year. The decreased profit is not a good indicator of the Company’s
future prospects. The company’s fixed asset has increased considerably. There
was an expansion of share capital and loan funds to finance the same. The
increase in interest expenses accounted for the decrease in profitability. The
working capital of the company also stands at a negative figure which speaks
volumes about the poor short term solvency of the company. Dipping of sales
adds to the difficulties of the company financially. The earnings per share has
also decreased considerably.
Immediate steps are required to put the company into the right track.