A

Project Report

On

Financial Statement Analysis

Of

LUMINOUS POWER TECHNOLOGY PRIVATE LIMITED

Submitted To

Chandigarh Group of Colleges Landran, Mohali (Punjab)

In the partial fulfillment of the Masters Of Business Administration

Session 2014-2016

SUPERVISED BY:- SUBMITTED BY:-

Mrs. Simran W SHEESH KUMAR

Assistant Professor UNIV. ROLL. NO. 1440628

CBSA

Campus Landran

CERTIFICATE OF ORIGINALITY

This is to certify that the project titled “PROJECT REPORT ON FINANCIAL STATEMENT ANALYSIS OF LUMINOUS POWER TECHNOLOGY LIMITED” has been submitted to CBSA Campus Landran, Mohali (Punjab) by Sheesh Kumar in partial fulfillment for the award of Master degree in Business Administration under my guidance and supervision. To the best of my knowledge the same has not been submitted to any other University/Institute for the purpose of pursuing any other professional degree course. The assistance and help received during the course of investigation and source of literature has been fully acknowledged.

I wish him success for future

Dr. Hitesh Katyal Mrs. Simaran W

Principal of Management Dept. Assistance Professor

DECLARATION

I Sheesh kumar hereby declare that this dissertation report entitled " PROJECT REPORT ON FINANCIAL STATEMENT ANALYSIS OF LUMINOUS POWER TECHNOLOGY LIMITED" with special reference to cash flow statement, profit and loss account and balance sheet of the Luminous Power Technology by me for the award of Master of Business Administration of Punjab Technical University Jalandhar, is the original work conducted by me and data provided in the study authentic to the best of my knowledge.

Sheesh Kumar

University Roll No. 1440628

ACKNOWLEDGEMENT

No job or task can be completed without the co-operation and support of people around us. I

being no exception had to seek the help of others to make this successful study.

A lot of individual have contributed in the preparation of the study. I am thankful to all of them

for their timely help, encouragement, support, valuable comments, suggestions and many

innovative ideas in caring out this project. It is my proud privilege and pleasure to express deep

sense of gratitude to these people.

It gives me immense pleasure to express my sincere and wholehearted sense of gratitude to Dr.

Hitesh katyal (Principal of Management Deptt.) who was helpful co-operative and kind during

the entire course of my project.

The acknowledgement would not be complete without expressing my indebtedness to my

faculty guide Mrs. Simran W who guided me in this project and was the constant source of

reference for me and showed full interest at each and every step of my project.

it is difficult to find words how to express my gratitude to Sh. Govind Ram(my project guide in

the company) . I would like to thank more people but it is difficult to short list them.

At last I would like to thank my family to support me and for their love, encouragement and help

for the completion of project report.

PREFACE

In order to achieve practical and concrete result, the classroom training needs to be effectively suited to the realities of the situation existing outside the classroom. This is particularly true of the management to develop healthy managerial and administrative skills in potential manager, it is necessary that theoretical knowledge must be supplemented with exposure to the real environment. Actually it is a life for the management. It is in practical training that the measuring of the management itself is realized.

I did my training in a well managed organization “LUMINOUS POWER TECHNOLOGY PVT. LTD” was fortunate to get training here as I got ample opportunities to view the overall working of the company. Staff of the company was very cooperative and friendly. In the following pages an attempt has been made to present report covering different aspects of my training in the company.

TABLE OF CONENTS

CHAPTER NO.

PARTIUCULARS PAGE NO.

01. Company ProfileHistory

ProductsOrganization Structue

7-57

02. Research MethodologyPurpose of Study

Objective of Study Limitation of Study

Literature Review

55-59

03 Analysis and Interpretation60-64

04 Findings and Conclusion 65

05

RecommendationsBibliography

Appendix

ANALYSIS OF FINANCIAL STATEMENT1.1 AN INTRODUCTION

Financial Statement:-

Definition: A written report of the financial condition of a firm. Financial statements include the balance sheet, income statement, statement of changes in net worth and statement of cash flow.The first step in developing a financial management system is the creation of financial statements. To manage proactively, you should plan to generate financial statements on a monthly basis. Your financial statements should include an income statement, a balance sheet and a cash-flow statement

Income Statement

Simply put, the income statement measures all your revenue sources vs. business expenses for a given time period. To help explain things easily, let's consider an apparel manufacturer as an example in outlining the major components of the income statement:

Sales:-This is the gross revenue generated from the sale of clothing less returns (cancellations) and allowances (reduction in price for discounts taken by customers).

Cost of goods sold. This is the direct cost associated with manufacturing the clothing. These costs include materials used, direct labor, plant manager salaries, freight and other costs associated with operating a plant (for example, utilities, equipment repairs, etc.).

Gross profit. The gross profit represents the amount of direct profit associated with the actual manufacturing of the clothing. It's calculated as sales less the cost of goods sold.

Operating expenses. These are the selling, general and administrative expenses that are necessary to run the business. Examples include office salaries, insurance, advertising, sales commissions and rent.

Depreciation. Depreciation expense is usually included in operating expenses and/or cost of goods sold, but it is worthy of special mention due to its unusual nature. Depreciation results when a company purchases a fixed asset and expenses it over the entire period of its planned use, not just in the year purchased. The IRS requires certain depreciation schedules to be followed for tax reasons. Depreciation is a noncash expense in that the cash flows out when the asset is purchased, but the cost is taken over a period of years depending on the type of asset.

Whether depreciation is included in cost of goods sold or in operating expenses depends on the type of asset being depreciated. Depreciation is listed with cost of goods sold if the expense associated with the fixed asset is used in the direct production of inventory. Examples include the purchase of production equipment and machinery and a building that houses a production plant.

Depreciation is listed with operating expenses if the cost is associated with fixed assets used for selling, general and administrative purposes. Examples include vehicles for salespeople or an office computer and phone system.

Operating profit. This is the amount of profit earned during the normal course of operations. It is computed by subtracting the operating expenses from the gross profit.

Other income and expenses: - Other income and expenses are those items that don't occur during the normal course of business operation. For instance, a clothing maker doesn't normally earn income from rental property or interest on investments, so these income sources are accounted for separately. Interest expense on debt is also included in this category. A net figure is computed by subtracting other expenses from other income.

Net profit before taxes :-  This figure represents the amount of income earned by the business before paying taxes. The number is computed by adding other income (or subtracting if other expenses exceed other income) to the operating profit.

Income taxes .  This is the total amount of state and federal income taxes paid.

Net profit after taxes. This is the "bottom line" earnings of the business. It's computed by subtracting taxes paid from net income before taxes.

Balance Sheet

The balance sheet provides a snapshot of the business's assets, liabilities and owner's equity for a given time. Again, using an apparel manufacturer as an example, here are the key components of the balance sheet:

Current assets. These are the assets in a business that can be converted to cash in one year or less. They include cash, stocks and other liquid investments, accounts receivable, inventory and prepaid expenses. For a clothing manufacturer, the inventory would include raw materials (yarn, thread, etc.), work-in-progress (started but not finished), and finished goods (shirts and pants ready to sell to customers). Accounts receivable represents the amount of money owed to the business by customers who have purchased on credit.

Fixed assets. These are the tangible assets of a business that won't be converted to cash within a year during the normal course of operation. Fixed assets are for long-term use and include land, buildings, leasehold improvements, equipment, machinery and vehicles. Intangible assets: These are assets that you cannot touch or see but that have value. Intangible assets include franchise rights, goodwill, no compete agreements, patents and many other items.

Other assets. There are many assets that can be classified as other assets, and most business balance sheets have an "other assets" category as a catchall. Some of the most common other assets include cash value of life insurance, long-term investment property and compensation due from employees.

Current liabilities. These are the obligations of the business that are due within one year. Current liabilities include notes payable on lines of credit or other short-term loans, current

maturities of long-term debt, accounts payable to trade creditors, accrued expenses and taxes (an accrual is an expense such as the payroll that is due to employees for hours worked but has not been paid), and amounts due to stockholders.

Long-term liabilities. These are the obligations of the business that aren't due for at least one year. Long-term liabilities typically consist of all bank debt or stockholder loans payable outside of the following 12-month period.

Owner's equity. This figure represents the total amount invested by the stockholders plus the accumulated profit of the business. Components include common stock, paid-in-capital (amounts invested not involving a stock purchase) and retained earnings (cumulative earnings since inception of the business less dividends paid to stockholders).

Profit and Loss (Income) Statements

These "P and L" statements depict the status of your overall profits. These statements include much money you've earned (your revenue) and subtract how much you've spent (your expenses), resulting in how much you've made money (your profits) or lost money (your deficits). Basically, the statement includes total sales minus total expenses. It presents the nature of your overall profit and loss over a period of time. Therefore, the Income Statement gives you a sense for how well the business is operating

Balance Sheet

The balance sheet simply demonstrates what the contractor has (assets) and what he or she owes against those assets (liabilities). The difference is the net worth of the business. Net worth is significant to the surety because it is a measurement of the long-term staying power of the business. But short-term staying power is very important too. Payroll, accounts payable, debt payments, etc. all need to be paid regularly in cash.

Other Asset s  include any intangible assets, such as patents, copyrights, other intellectual property, royalties, exclusive contracts, and notes receivable from officers and employees.

Liabilities

Liabilities are money or goods acquired from individuals, and/or other corporate entities. Some examples of liabilities would be loans, sale of property, or services to the company on credit. Creditors (those that loan to the company) do not receive ownership in the business, only a (usually written) promise that their loans will be paid back according to term agreed upon.

Current Liabilities are accounts-, and notes-, taxes payable to financial institutions, accrued expenses (eg.: wages, salaries), current payment (due within one year) of long-term debts, and other obligations to creditors due within one year.

Long-Term Liabilities  are mortgages, intermediate and long-term loans, equipment loans, and other payment obligation due to a creditor of the company. Long-term liabilities are due to be pay in more than one year.

Shareholder’s equity (or  net worth, or capital)

The shareholder’s equity is money or other forms of assets invested into the business by the owner, or owners,  to acquire assets and to start the business. Any net profits that are not paid out in form of dividends to the owner, or owners, are also added to the shareholder’s equity. Losses during the operation of the business are subtracted from the shareholder’s equity.

Assets are calculated the following way:

Assets=Liabilities+ Net worth

All balance sheets contain the same categories of assets, liabilities and net worth figures. Assets are arranged in decreasing order of their liquidity . Liabilities are listed in order of how soon they must be repaid, followed by retained earnings (net worth of owner’s equity).

The categories and formats of Balance Sheets are established by a system known as Generally Accepted Accounting Principles (GAAP). The system is applied to all companies, large or small, so anyone reading the Balance Sheets can readily understand what it is saying.

1.2 Importance of Financial statements:-

Are important reports. They show how a business is doing and are very useful internally for a company's stockholders and to its board of directors, its managers and some employees, including labor unions. Externally, they are important to prospective investors, to government agencies responsible for taxing and regulating, to lenders such as banks and credit rating agencies, and to investment analysts and stockbrokers.

Importance of Regularity and Accuracy

All public companies are required to prepare documents showing the company's financial performance at regular periodic intervals. Most companies prepare annual statements; others prepare them semiannually, quarterly or as often as monthly. These show the financial wealth of a company (how much it owes and owns) but can be manipulated. It is often required that statements for external consumption be audited by independent accounting firms.

Parts of Financial Statements

The three basic parts of financial statements are: a balance sheet, which basically lists all of the assets and liabilities of the business at the end of the period, the difference between the two being the company's net worth; a profit-and-loss statement, which answers the question of how the company did from the beginning to the end of the accounting period; and a cash flow statement, which says where the cash of the business went and where it came from during the accounting period.

Importance of Each Part

Among other things, analysis of balance sheets can tell whether the company owes too much or is lending too much or has too much in inventory; its detailed attachments detail who is owed and who owes the company and what properties it owns, if any. Analysis of income statements

can tell whether prices or volumes sold are not high enough to give sufficient profits and what the big and small costs of the business are. Analysis of cash flows can tell whether most needs are met through internally generated funds or whether some come from borrowings.

Importance to Managers

Managers of businesses, more than any of the other users, benefit most from the use of financial statements, especially those who are good at understanding and analyzing these statements. Managers are able to not only discover problems and find corrective actions needed through financial statements but they are also able to make projections of these statements that act as goals and standards for upcoming periods. They are then able to assess performances against these projections at the end of the accounting period.

Importance to Others

Current and potential investors and lenders always require financial statements for their lending or investment decisions. In important board and stockholder meetings, copies of these are always given out to participants. Analysts, brokers, rating agencies and money managers dig into these before making recommendations. Major customers and suppliers of businesses ask for these in order to stay informed. Corporate raiders, competitors and potential competitors attempt to get these before plunging into a business.

1.3 Limitations of Financial Statement Analysis

Many things can impact the calculation of ratios and make comparisons difficult. The limitations include:

The use of estimates in allocating costs to each period. The ratios will be as accurate as the estimates.

The cost principle is used to prepare   financial   statements . Financial data is not adjusted for price changes or inflation/deflation.

Companies have a choice of accounting methods (for example, inventory  LIFO V/S FIFO and depreciation methods). These differences impact ratios and make it difficult to compare companies using different methods.

Companies may have different fiscal year ends making comparison difficult if the industry is cyclical.

Diversified companies are difficult to classify for comparison purposes.

Financial statement analysis does not provide answers to all the users' questions. In fact, it usually generates more questions!

1.4 Financial Analysis:-

Financial analysis can tell you a lot about how your business is doing. Without this analysis, you may end up staring at a bunch of numbers on budgets, cash flow projections and profit and loss statements. You should set aside at least a a few hours every month to do financial analysis. Analysis includes cash flow analysis and budget deviation analysis mentioned above. Analysis also includes balance sheet analysis and income statement analysis. There are some techniques and tools to help in financial analysis, for example, profit analysis, break-even analysis and ratios analysis that can substantially help to simplify and streamline financial analysis. How you carry out the analysis depends on the nature and needs of you and your business. The following links will help you get a sense for the "territory" of financial analysis.

1.5 Cash-Flow Statement:-

The cash-flow statement is designed to convert the accrual basis of accounting used to prepare the income statement and balance sheet back to a cash basis. This may sound redundant, but it's necessary. The accrual basis of accounting generally is preferred for the income statement and balance sheet because it more accurately matches revenue sources to the expenses incurred generating those specific revenue sources. However, it also is important to analyze the actual level of cash flowing into and out of the business.

Like the income statement, the cash-flow statement measures financial activity over a period of time. The cash-flow statement also tracks the effects of changes in balance sheet accounts.

The cash-flow statement is one of the most useful financial management tools you will have to run your business. The cash-flow statement is divided into four categories:

1. Net cash flow from operating activities. Operating activities are the daily internal activities of a business that either require cash or generate it. They include cash collections from customers; cash paid to suppliers and employees; cash paid for operating expenses, interest and taxes; and cash revenue from interest dividends.

2. Net cash flow from investing activities:  Investing activities are discretionary investments made by management. These primarily consist of the purchase (or sale) of equipment.

3. Net cash flow from financing activities: Financing activities are those external sources and uses of cash that affect cash flow. These include sales of common stock, changes in short- or long-term loans and dividends paid.

4 Net change in cash and marketable securities : The results of the first three calculations are used to determine the total change in cash and marketable securities caused by fluctuations in operating, investing and financing cash flow. This number is then checked against the change in cash reflected on the balance sheet from period to period to verify that the calculation has been done correctly.

1.6 Tools and techniques of financial analysis:-

Methods used by interested parties such as investors, creditors, and management to evaluate the past, current, and projected conditions and performance of the firm. Ratio analysis is the most common form of financial analysis. It provides relative measures of the firm's conditions and performance. Horizontal Analysis and Vertical Analysis are also popular forms. Horizontal analysis is used to evaluate the trend in the accounts over the years, while vertical analysis, also called a Common Size Financial Statement discloses the internal structure of the firm. It indicates the existing relationship between sales and each income statement account. It shows the mix of assets that produce income and the mix of the sources of capital, whether by current or long-term debt or by equity funding. When using the financial ratios, a financial analyst makes two types of comparisons:

(1)   Industry comparison

The ratios of a firm are compared with those of similar firms or with industry averages or norms to determine how the company is faring relative to its competitors. Industry average ratios are available from a number of sources, including: (a) Dun & Bradstreet. Dun & Bradstreet computes 14 ratios for each of 125 lines of business. They are published in Dun's Review and Key Business Ratios. (b) Robert Morris Associates. This association of bank loan officers publishes Annual Statement Studies. Sixteen ratios are computed for more than 300 lines of business, as well as a percentage distribution of items on the balance sheet and income statement (common size financial statements).

(2) Trend analysis

A firm's present ratio is compared with its past and expected future ratios to determine whether the company's financial condition is improving or deteriorating over time.

After completing the financial statement analysis, the firm's financial analyst will consult with management to discuss plans and prospects, any problem areas identified in the analysis, and possible solutions. Given below is a list of widely used financial ratios.

(3)Horizontal Analysis

When an analyst compares financial information for two or more years for a single company, the process is referred to as horizontal analysis, since the analyst is reading across the page to compare any single line item, such as sales revenues. In addition to comparing dollar amounts, the analyst computes percentage changes from year to year for all financial statement balances, such as cash and inventory. Alternatively, in comparing financial statements for a number of years, the analyst may prefer to use a variation of horizontal analysis called trend analysis. Trend analysis involves calculating each year's financial statement balances as percentages of the first year, also known as the base year. When expressed as percentages, the base year figures are always 100 percent, and percentage changes from the base year can be determined.

(4)Vertical Analysis

When using vertical analysis, the analyst calculates each item on a single financial statement as a percentage of a total. The term vertical analysis applies because each year's figures are listed vertically on a financial statement. The total used by the analyst on the income statement is net sales revenue, while on the balance sheet it is total assets. This approach to financial statement analysis, also known as component percentages, produces common-size financial statements. Common-size balance sheets and income statements can be more easily compared, whether across the years for a single company or across different companies.

(5)Ratio Analysis

Ratio analysis enables the analyst to compare items on a single financial statement or to examine the relationships between items on two financial statements. After calculating ratios for each year's financial data, the analyst can then examine trends for the company across years. Since ratios adjust for size, using this analytical tool facilitates intercompany as well as intercompany comparisons. Ratios are often classified using the following terms: profitability ratios (also known as operating ratios), liquidity ratios, and solvency ratios. Profitability ratios are gauges of the company's operating success for a given period of time. Liquidity ratios are measures of the short-term ability of the company to pay its debts when they come due and to meet unexpected needs for cash. Solvency ratios indicate the ability of the company to meet its long-term obligations on a continuing basis and thus to survive over a long period of time. In judging how well on a company is doing, analysts typically compare a company's ratios to industry statistics as well as to its own past performance.

Company Profile

An overview of the company

Founded in 1988, Luminous Power Technologies (P) Limited today is a leading company with a differentiated portfolio of solutions for packaged power, diversified generation, electrical control & safety and energy optimisation.

With over 5000+ employees, 7 manufacturing units, 28 sales offices and more than 40000 channel partners; Luminous apart from its dominating position in the domestic market also has a strong foothold worldwide. Awarded with the 'Global Superbrands' status for the year 2011-12, ISO 50001:2011 certification and MNRE:CRISIL recognition, Luminous is passionately committed to bring uninterruptible and alternate power solutions to the customers that makes their life comfortable and efficiency.

Mission, Vision and Core Values

Vision"Passionately innovate to make life comfortable and efficient."

Mission

"Be the brand of choice for products and services that generate, control, store and use electricity efficiently. Through passionate people we innovate to consistently deliver a tangible competitive advantage in reliability, service and cost. "

Core Values

Customer Delight through Innovation & Passion with focus on Execution & Teamwork (Togetherness)

Corporate Philosophy

We will constantly listen and respond to our Employees, End Customers, Channel Partners and Suppliers. All our products and processes will be aligned to meet the end customer needs. We will constantly improve the quality of our products and services. We will be a lean and flexible organization that quickly and correctly responds to business opportunities. All our employees, suppliers and channel partners must make a measurable, positive contribution towards the success of our business. All aspects of our business will be quantified and performance measurement will be directly linked to business decisions, compensation and reward

Key Executives For Luminous Power Technologies (P) Limited

Mr. Manish Pant

Managing Director

Mr. Rakesh Malhotra

Founder and Chairman of The Board

Mr. Arun Nagpal

Chief Executive Officer and Group Executive Director

Corporate Office

Mr. B. B. Nagpal

Chief Financial Officer

Age: 54

Mr. Ajoy Datta

• Chief Technology Officer of Battery Technology and Director

LOCATION OF COMPANY

Corporate office

C8&C9 community center

Behind Janak cinema, Janak puri Delhi -110058

LUMINOUS VRLA BATTERY PLANT GAGRET

< LUMINOUS POWER TECHNOLOGIES PVT. LTD. UNIT-II >

Gagret Industrial.Area Plot No. 3-3A & 4 Distt, Una (H.P) 177201

Nearby cities: Una, Nangal, NANGAL DAM DIVISION, BBMB, NANGAL TOWNSHIP PB.

Coordinates:   31°40'30"N   76°4'30"<LUMINOUS POWER TECHNOLOGIES PVT ,LTD Unit lll

Dev Nagar P.O Gagret Teh. Amb Distt (H.P)

< POWER ELECTRONICS Baddi Plant >

Luminous power technologies pvt . ltd.Village Malpur P.O Bhud Baddi The nalagarhHimachal Pradesh 173205

Branches of company

• Punjab• Rajisthan• Himachal Pradesh• Dehli• Jammu• Assam• Uttar Pradesh• Lucknow• Bihar• Jharkhand• Chandigarh• Madhaya Pradesh• West Bengal• Tamilnadu• Orissa• Gujrat

Clients Corporate

INDIAN CORPORATIONS

• ESCORTS• TATA Steel• TELCO• Jindal Strips Limited• L&T• Hero Honda• Thermax• LG Electronics

Maruti Udyog Limited BANKING AND FINANCE COMPANIES

• Reserve Bank of India• American Express• Citi Bank• Bank of America• ABN Amro Bank• Standard Chartered Bank• Canara Bank• Syndicate Bank• State Bank of India• Central Bank of India• Bank of India• Punjab National Bank• Citi Financial

TELECOMMUNICATION COMPANIES

• MTNL• BSNL• TELCO• Bharti Airtel• Reliance• Hutch• Tata Teleservices• HFCL• Hughes Escorts• ORG Telecom• IBm• Tata Consultancy Services• STPI• Cadence• Perot System• Aricent software• Mentorgraphics• Sapient• Delsoft• Dilithium Software• 2 LUMINOUS• Satyam Computers• Daksh.com• Naukri.com

AGOVERNMENT ORGANISATIONS

• Directrorate of Income Tax• Department of Telecommunications• National Airport Authority of India• IMD• Indian Navy• Hindustan Aeronatical Limited• Power Finance Corporation of India• Indian Oil Corporation• Indian Railway• Metro Railway• Centre for Rail Information Systems• Customs and Central Excise• Hindustan Pre Fab• Delhi State Industrial Development Corporation• Delhi Tourism & Transportation Development Corporation• Army Headquarters• Bharat Petroleum Corporation• National Informatics Centre

PRESS AND MEDIA COMPANIES

• Prasar Bharti• Times of India• The Pioneer• Indian Express• India Today• Business Today• New Delhi Television• TV Today• CNBC India• Thomson Press• Amar Ujala• CNN - IBN

HOTELS AND AIRLINES

• The Oberoi• Hyatt Regency• ITC Welcom Group of Hotels• AIR India• Lufthansa• KLM Dutch Royal Airlines• Jet Airways• Sahara Airlines• Interglobe• Royal Palms

MULTI-NATIONAL CORPORATIONS

• GE• CocaCola• Phillips• Rolls Royce• Avery Dennison• Colliers Jardine• GAP International• Cushman Wakefield• Associated Merchandising Corporation• Samsung• ICI Limited• ITC Limited• Cargill Foods• Whirlpool• Becton & Dickinson

MEDICAL AND DIAGNOSTIC

• Escorts Heart• National Heart & Lung Institute• MRI Scan Centre• Indian Spinal Injuries Centre• Wipro GE Medical Systems• SIEMENS• Hemlata Hospital• Fortis Healthcare• Shimadzu• Johnson & Johnson• Advance Medicare Research Institute•• Jessaram Hospital

ENGINEERING AND PROJECTS

• Himachal Pradesh State Electricity Board• Power Grid Corporation of India• National Hydro Power Corporation• SIEMENS• Allen Bradley• Alstom• ABB• EIL• TATA Honeywell• DS Constructions• Sterling & Wilso

Certificates and Achievements

Consumer Superbrand

Winner of "Consumer Superbrand" status in the inverter and inverter battery category for the year 2011/12

MNRE CRISIL : Solar Grading

Luminous has been awarded with the MNRE CRISIL SP 1A Grade for its capability as a system integrator in the Photovoltaic segment. The grading is valid till 25th April 2014.

Market Penetration Leadership AwardReceived "Frost & Sullivan Market Penetration Leadership Award in Asia Pacific for DC-AC Inverters         in non-renewable energy markets"

Luminous Brand Award

Winner of "Consumer World Award" for consecutive FOUR years in the inverter category in India

Quality Brands Award 2012 – 2014 & Rashtriya Udyog Ratna Award

"Awarded to Luminous Based on Industrial Field Survey by National Organization for Commerce & Industry"

SME Channel Connect & Achievers Awards 2012Received in 'Best Home UPS' &

'Best Inverter Battery

Best Power Back-up Solution Provider Company. Awarded to Luminous based on the study conducted by VAR India - a leading publication

SWOT ANALYSIS OF COMPANY

Opportunity

• As there is many subsidiary of luminous industry so its help in the growth of company in coming year.

• Company having high investment in infrastructure sector.

• There are rapid growing international and domastic market.

• The company ha product dirvisification.

Strength

• The company has easy available rawmaterial and other inputs.

• Strong supply chain in market.

• Company having low cost,high skills labor for there production and growth.

• The y have well establish linkage with buyers with domestic and international.

Weaknesess

• Unfamiliar rural market.

• The company is not properly stabilized in the many status.

Threats

• Fast changing in the technology.

• Global slow down in the economic.

• There are high duties and taxes from the govt which may caus slow in growth of the company.

PRODUCTS:-

1.Power Backup Solution

For When There's No Power.

The reality of Indian households and offices is that they are highly reliant on electrical power; yet not assured of uninterrupted supply. A quality uninterruptible power source can bridge the

gap. Home UPS are devices that convert the direct current (DC) of powerful on-board inverter batteries to alternating current (AC) for running fans, lights and other electrical appliances.

Luminous' world-class Home UPS and Inverter Batteries are market leaders in India—and will soon be available across the globe—thanks to years of research and development focused on customer-centric innovation. Luminous power backup solutions are used in a wide range of applications, from household appliances to commercial applications.

Power for Home and Offices

Un interrupted Power for Home and Office. Luminous offers a world-class range of long back up Home UPS developed after an extensive R&D effort. Always focused on customer-centric innovation, Luminous products have succeeded in becoming benchmarks for an entire industry while offering customers excellent value. Our products provide power back up for household appliances, business environments and high-square Wave.

Luminous presents the latest breakthrough in the world of power back up UPS. A powerhouse of performance packed in a highly attractive design these long back up UPS boast of phenomenally advanced features that give in a unique ability to run a PC for hours together, even in the bleakest of power situations. We at Luminous value the convenience and comfort of the consumer above anything else. Very little maintenance, powerful performance and all-round protection makes this series a value for money investment.

Features

• LED display• Micro-controller based design• Selectable battery option (not in 1500 VA)• Runs single PC up to 15.0 hrs with 24V 150 Ah battery• Charges battery very fast• Suitable to tackle power-cuts ranging from moderate to longer duration• Pre-loaded battery management software• Regulated output voltage window during regulated UPS mode• Regulated battery charging from 120V to 300V• Automatic holiday mode preserves battery charge (Away from home for long time)• Audio alarms & visual indicators• Option for regulated and unregulated mode• Micro Controller Based Design• In-built battery gravity builder• Battery Deep Discharge Protection Facility• Fast battery charging even in low & fluctuating voltage• Higher Efficiency & Long back up• Ripple free charging (ABCC Technology)• Low electricity consumption• Regulated UPS mode• Battery charging selection switch as per type of battery connected

• Small Size & Light WeightModels - Lx - Ideal for powercuts upto 6 hours, Vx - Ideal for 6 to 10 hour powercuts

Consumer Benefit

• Letting the consumer know of the status of the device

• Increased efficiency

• Freedom of choice in terms of batteries

• End of worries regarding computer use in case of a power cut

• Minimum time required to give maximum output

• The duration of power cut becomes irrelevant

• Home UPS takes care of the battery, leaving the consumer tension free

• Safety of sensitive equipment is ensured

• Battery health is ensured

• Letting the consumer enjoy the holiday freely without the worries of what to expect when they

go home

• Letting the user know of the exact status of the device

• Modes for computer and normal usage respectively, freedom of choice

• Reliable performance and compact design

• Enhanced battery life

• Ensuring battery safety at low voltages

• No need to buy a stabilizer separately

• Smooth and Constant output

• Avoids overcharging of aged or faulty batteries

• Saving on the electricity bill

• Computer can also be used

• Freedom of choice in terms of battery being used

• Ease of transport

oltage direct current applications that transport bulk power.

2. Sine Wave

Pure Sine Wave Long Back-up UPS consists of a sophisticated design producing the AC wave power output similar to that you would get from your house power point. These UPS's will support all the expensive and sensitive household equipments which will fail to run from the power output of a modified wave UPS.

The high quality power output from the pure sine wave UPS will maintain the unit's power supply throughout, thus supporting these appliances like your household power unit will. This being the case it is always better to invest in a pure sine wave UPS and get a quality power supply that will support all your equipments without any trouble.

Luminous Sine wave UPS's are packed with a range of user-friendly features, these are symbols of convenience and comfort. Very little maintenance, no noise… these Sine Wave UPS stand for powerful performance with all-round performance.

Features

• Very high load cold start by the UPS• Fast changeover time• Surface Mounted Technology• Smart charge technology• Intelligent thermal management• Pre-loaded battery management software• Miniature circuit breaker instead of fuse• Pure sine wave output• SMD based design• LED display• MCB design• Adaptive Battery Charging Control (ABCC) Technology• Minimum changeover time• Thermal protections• No load shutdown feature• Intelligent battery low cutoff

• Same as UPS sine, differentiator being the presence of digital display and absence of battery selection

• Same as UPS LB, differentiator being the presence of digital display and absence of battery selection

Consumer Benefit

• No second thoughts before using an inverter sitting idle for a long duration

• Ensuring proper functioning of a computer in case of a power cut

• Reliable performance and compact design

• Faster charging and longer battery life

• Improve reliability and prevent premature failure

• Home UPS takes care of the battery, leaving the consumer tension free

• To protect sensitive equipment

3.Higher KVA Home UPS

Higher KVA Inverters (15 KVA-50 KVA)Jumbo range of high power inverters incorporate state-of-the-art technology. A wide range of products has been designed to follow rigorous mains compatibility and erratic power supply.It also has design framework which ensures total reliability and meets various stringent power applications.

Features

• Pure sine wave• High efficiency• Regulated output• Suitable for 3 phase unbalanced load• Low harmonic distortion• Designed for high inductive load

• IGBT based PWM technology applications: BPO's, call centers, multiplexes, shopping malls, banking, IT sector, hospitals, petrol pumps, etc.

Elevator Back-up UPS (6 KVA-100 KVA)

Luminous elevator back-up UPS is specially designed for lifts & elevators. It has a unique feature of ARD ( automatic rescue device) that helps in eliminating the need for separate safety device required for lift operations.

• Pure sine wave regulated output• High over load handling capacity• High efficiency• Starts automatically, no user action required• Built in high capacity battery charger• Eco-friendly, no fumes, no noise, no pollution• IGBT technology• Low operating cost• Minimum capacity for wiring & installation

Applications: Lifts, elevators, pumps, emergency lighting, etc.

4.Line Interactive UPS Systems

Luminous has the widest range of line interactive UPS systems. This highly compact power packed UPS systems offer the best and most reliable data security to small desk tops or personal computers.

Features• Micro controller based intelligent system

• No load shutdown

• Pre-Alarm Audio & Visual Signals for Battery low

• Overload trip audio and visual signals

• Battery Deep Discharge Protection

• User-Friendly

5.On line UPS

Line UPS Systems from Luminous are designed to save your sensitive equipments from main lines failure, voltage fluctuations, blackouts and other electrical disturbances. UPS not only provides data security but also saves your hardware from getting damaged, thus promising smooth working hours. The online UPS is ideal for an environment where electrical isolation is necessary or for equipment that is very sensitive to power fluctuation. The online UPS system is necessary when the power environment is "noisy" such as industrial settings; for larger equipment loads like data centres, or when operation from an extended run back up generator is necessary.

Features

• Double conversion online topology

• High frequency PWM technology

• Fully microprocessor –controlled design

• Wide input voltage range

• Near unity input power factor

• Automatic bypass

• Smart self diagnosis function

• Full time lightning and surge protection

• UPS monitoring software

• SNMP Adaptor for network management

6.DG Sets

Luminous Power Technologies is in an aggressive expansion mode with the latest offering being DG Sets. These state of the art residential DG Sets will make sure that your family will enjoy life

uninterrupted while at home or away.Luminous DG Sets have been designed in compliance with the latest technologies that are suitable for all small, medium and large industries, hospitals, multistoried. buildings, farms and individual houses. These DG sets consists of "Lombardini for 5 KVA" & "Escorts for 15-40 KVA" engines coupled with self regulated alternator mounted on specially designed common skid base frame fitted with special vibration isolator to make DG set vibration free. Luminous DG sets are designed to deliver reliable performance and longer trouble free life.

Advantages

• Pure power for sensitive electronic equipments

• Better fuel efficiency

• Powerful performance backed by an equally robust commitment to customer service

• Low maintenance cost and faster response recycler

• Low Noise, Low Emission

• High durability and simple to operate and environment friendly

• Dependable, durable and efficient

• Superior performance and reliability

• Ease of maintenance

• Wide distribution network

7.Higher power outputInverter Batteries

High Performance Luminous Batteries for Inverter Application.Because of uncertain power availability in many parts of the world, inverter batteries have become an essential part of daily life. They provide back-up power for Home UPS systems to keep critical appliances in operation during power outages.

Flat Plate Batteries

Flooded Lead Acid batteries are the most common batteries used in energy systems because of their price, local availability, and ease of recycling. A properly maintained lead acid cell will last about five years. This type of battery will deliver about 1000 full charge-discharge cycles...

Tubular Batteries

In a very short time, Luminous has established its integrity and won many hearts across India. With an unquenched thirst for perfection and a resolute commitment to quality, we continue to make forays...

8.Power Storage

Luminous Batteries: Consumer- and Environment-Friendly Power Storage.If you've enjoyed rock-solid battery-based power back up in India or in more than 32 countries across the globe, there's an excellent chance you've experienced a Luminous product at work.Luminous merges advanced electronics with world-class manufacturing technology to produce batteries designed for extended back up applications. Our batteries are superior in quality and deliver longer performance times. And there's more. Conventional batteries pose a serious environmental hazard due to the chemicals they can discharge even during normal use. Thanks to millions of dollars of research, Luminous batteries are safe to use in households and offices without fear of inadvertent leakage.

Some of the specialties of Luminous Batteries include –

• Compatible with a wide range of Home UPS systems

• High performance even under adverse conditions

• Designed to keep leakage and corrosion at bay

• Discharge and overcharge protection

• Quality exteriors

• Protection against accidental cell short circuit

• Special composition

9. VRLA/SMF Batteries

Luminous Sealed Maintenance Free (SMF) Batteries are designed to offer reliable, consistent and low maintenance power for UPS applications. These batteries can be subject to deep cycle applications and minimum maintenance in rural and power deficit areas. These batteries are available in 12 Volts from 7.5Ah to 200 Ah @ C20 at 27°C to 1.75 vpc.

In today's information age, one cannot ignore the need for battery systems designed to save vital information and data and run critical instrumentations for desired durations. Batteries are required to deliver instant power. Unreliable and inferior batteries can result in the loss of data and equipment shutdowns that can cost companies considerable financial losses. Therefore, the UPS segments calls for the use of a reliable and proven battery system.Luminous SMF batteries

have been developed by a team of scientist and engineers at a R&D facility dedicated to electrochemical research at our works in Gagret, Himachal Pradesh, India.

Features

• Absorbent Glass Mat (AGM) technology for efficient gas recombination

• Not restricted for air transport-complies with IATA/ICAO Special Provision A67

• No effect float or cyclic application under controlled depth of discharge (DoD)

Consumer Benefit

• Ease of transport

• Long service life & Low self-discharge rate

10.Solar Battery

Luminous has launched its solar flooded tubular monobloc batteries designed to offer reliable, consistent and low maintenance power for renewable energy requirements. These batteries can be subject to deep cycle applications and minimum maintenance in rural and power deficit areas. The batteries have a capacity to withstand partial state of charge (PSOC) operation. These monobloc batteries are available in 12 Volts from 20Ah to 200 Ah @ C10 at 27?C to 1.80 vpc.

Luminous has also developed a 2- volt range of tubular batteries from 200Ah to 1000Ah for solar photovoltaic applications having a design life of ten years plus. However, the life of the battery is

dependent on the ambient temperatures and the number of times it is cycled and the depth of discharge.

These solar batteries have been developed keeping in mind the various parameters peculiar to India by a team of scientist and engineers at a R&D facility dedicated to electrochemical research at our works in Gagret, Himachal Pradesh.

Luminous decided to develop these solar batteries keeping in mind the increased awareness and public spending in the field of new and renewable energy for applications in household lighting, street lighting and in rural and urban cellular telecom installations. We expect a significant shift in the telecom industry towards use on non-conventional energy due to increased operational expenses. Increased government incentives and subsidies will, in the next couple years, lead to increased spending by governmental agencies in the new and renewable energy.

Our batteries are designed to give long life in cyclic operations and extremely long intervals in topping up and even total freedom from maintenance. Our batteries can be adapted to use auto-fill systems and air agitation systems for faster charging and avoidance of acid stratification in standby cells. For outdoor applications, we offer batteries in IP55 enclosures.While, our batteries are approved by MNRE, Luminous continues to experiment with new and improved alloys and manufacturing technologies to enhance the life of our solar batteries, reduce topping up, etc.

Features

Similar to the tubular battery offerings, only difference being their capacity to withstand partial state of discharge (PSOC) operation

Consumer Benefit

Specifically designed to deliver reliable and consistent power for renewable energy requirements and perform in rural & power deficit areas with minimum maintenance.

11.Automotive Batteries

Car Battery

Luminous introduces the efficient and technologically advanced range of all new maintenance free Electra automotive batteries. Their strength lies in the fusion of European technology and Indian engineering for high performance in Indian applications. Luminous range of Electra Batteries apart from being factory charged and ready to use, come with the assurance of longer, trouble free performance, year after year.

Features

• Revolutionary Ag–Ca (Silver – Calcium) & EMT technology

• Robust design

• Heat Sealed Covers

• Flame arrester safety system

• Low resistance envelope separator

• Double chamber container with Magic Eye

Consumer Benefit

• 80% lower fluid loss, 3 times lower self-discharge, 1.5 times service life and much lighter than

the conventional batteries

• For optimised performance in all terrain conditions

• Prevents leakage and contamination, adds to case strength and rigidity

• Prevents possibility of explosion from spark outside, minimize acid leakage and prevents inflow

of dust

• Encapsulate negative plates, improves vibration durability, prevents internal shorting

• Clearly indicating the exact battery condition

12.Motorcycle Battery

Luminous RACER range of motorcycle batteries are manufactured using the state of the art technology. They are designed taking into consideration the latest motorcycle requirements and are compatible with most of the popular models. They are built to withstand the rigors of the tough Indian terrain without compromising with the quality and performance. These are truly the soul-mate for the Indian bikes. Some of the advantages of using these futuristic batteries include tough and durable separator for extended operation, high collision resistance, immediate start, brightest light, extra power conservation, prevention against acid spillage, to name a few.

Features

• Weather-proof PPCP container and cover

• Patented Dry Charge technology

• Unique Polyethylene Separator & Glass mat back-up

• rea

• Double seal terminal/pole design

• Patented grid alloy composition

• Optimum designed plates - maximum surface a

Consumer Benefit

• Minimum topping up frequency during high temperature abusive operation

• 20% higher performance even after longest storage life

• Provides longest life in the most arduous operating environment

• Leak-proof operation

• Long life and minimum water loss

• Highest cranking power for instant ignition

13.Traction Batteries

New range of traction batteries from Luminous have seen the light of the day after going through rigorous R&D and multiple successful test runs. These batteries are custom made to be used in forklifts, electric golf carts, riding floor scrubbers and other electric vehicles. Luminous Traction batteries are designed to be routinely used all day and fast charged all night.

Features

• Robust structure and Positive plates

• Negative plates contain highly durable long life expander

• Battery characteristics comply with IEC-60254 – 1 & 2

• 100% Tank formation for uniform plate quality

Consumer Benefit

• Long cycle life

• High cycle life

• High performance, High reliability and High energy density

• Better choice for heavy duty application

14.Inverter Batteries

High Performance Luminous Batteries for Inverter Application

Because of uncertain power availability in many parts of the world, inverter batteries have become an essential part of daily life. They provide back-up power for Home UPS systems to

keep critical appliances in operation during power outages

15.Electrical Products

Taking the Best of Luminous to New HorizonsLuminous electrical products draw on the same heritage of innovation and quality as our power back up solutions. Our deep-seated commitment

to superior performance has been recognized by awards such as the Frost & Sullivan Industry Technological Leadership Award and the Super Brand Award for 2012. Over the last five years we've listened carefully to our customers and responded to their needs by releasing approximately four new products every month. Each one of these products is designed to exceed our customers' expectations on two parameters: form and function. We combine aesthetically pleasing design and high-quality components with an uncompromising focus on safety. As a result, our product line confirms to international benchmarks in reliability.We invite you to explore our growing range of lifestyle and safety equipment.

16.Life Style

Lifestyle Products : Blending Contemporary Trends with Superior Technology With a global presence that spans more than 32 countries, Luminous is well placed to seek out the latest contemporary trends in lifestyle electrical products such as fans, modular switches and home UPS for energy-saving lamps. We then combine this with cutting-edge technology to deliver superior products that meet the most exacting technical standards.

• Learn about our high-performance fans

• Learn about our stylish and practical modular switches

17.Fans

High - Performance FansLuminous' fans bring the best of style and performance to your home and office. They are designed to work even under low voltage conditions, and maximize air circulation. With high speed, aerodynamic blades and attractive designs, they add life to your living and work spaces even as they freshen and cool every corner.

.

Powerful Motor

• Wider Blade at the tip for better air circulation.

• Long lasting attractive metallic finish.

• Optimum performance even at low voltage.

Input Supply (Volts)

Input Frequency (Hz)

Power Input (Watts)

Speed (RPM)

Air Deleivery (CMM)

220 50 70 340 230

Dhoom

• High Speed Fan

• Stylish Blade Trim Design

• Unique Design for better air displacement

• Optimum performance even at low voltage.

Input Supply (Volts)

Input Frequency (Hz)

Power Input (Watts)

Speed (RPM)

Air Deleivery (CMM)

220 50 75 380 220

Kraze

• High Efficiency Motor

• Aerodynamically designed blade

• Unique modern design

• Optimum performance even at low voltage.

Sweep (mm) Power Input (Watts) Speed (RPM) Air Deleivery (CMM)

1200mm 70 380 220

600mm 78 820 100

Pulse Fan50

• Energy efficient fan

• Specially designed motor for great efficiency

• Aerodynamically designed blades

• Optimum performance even at low voltage.

Input Supply (Volts)

Input Frequency (Hz)

Power Input (Watts)

Speed (RPM)

Air Deleivery (CMM)

220 50 50 350 210

Rapid

• High Speed fan

• Long lasting powder coated finish

• Unique desin for better air displacement

• Optimum performance even at low voltage.

Input Supply (Volts)

Input Frequency (Hz)

Power Input (Watts)

Speed (RPM)

Air Deleivery (CMM)

220 50 70 380 215

Amaze

• Large body and powerful motor with superior air delivery.

• Sophisticated & elegant look.

• Aluminium body & blades in various size for different living spaces .

• Available in colours :- Metallic White , Metallic Gold , Metallic Grey , Metallic Lvory .

Input Supply (Volts)

Input Frequency (Hz)

Power Input (Watts)

Speed (RPM)

Air Deleivery (CMM)

Sweeps (MM)

220 50 70 350 230 1200

e

Josh

• High speed fan with superior air thrust.

• All aluminium body & blade suitable for all terrains.

• Copper winding (99.9%) superior performance even at low voltage.

• Low wattage consumption.

• Available in colours :- Brown , Lvory , White.

Input Supply (Volts)

Input Frequency (Hz)

Power Input (Watts)

Speed (RPM)

Air Deleivery (CMM)

22050 65 380 215

Klasse

• Metallic paint finish to give a great look .

• Decortive range to complement every living space .

• Elegant plated look to match wooden/upholstered living spaces.

• Simple and stylish design to accentuate living spaces.

• Large body & powerful motor with superior air delivery and low noise .

• Available in colours :- Metallic Brown, Metallic Lvory , Metallic White.

Input Supply (Volts)

Input Frequency (Hz)

Power Input (Watts)

Speed (RPM)

Air Deleivery (CMM)

220 50 70 380 220

Kooler

• High speed fan with superior air thrust .

• Powerful motor for longer fan life.

• Aluminum blades for wider air distribution.

• Available in colours :- Cherry Red, Pearl Cream, Chest White.

Input Supply (Volts)

Input Frequency (Hz)

Power Input (Watts)

Speed (RPM)

Air Deleivery (CMM)

Sweep (MM)

220 50 70 350 2301200 (Also avl 1400mm)

Kraft

• All aluminium fan suitable for all terrains .

• Powerful motor with superior air delivery .

• Elegant style with sophistcated look.

• Available in colours :- Coffee Brown, White, Lvory .

Power Input (Watts) 78 55 56 70 80

Volts 220 220 220 220 220

Speed (RPM) 820 460 440 350 300

Air Deleivery (CMM) 110 145 180 230 245

Input Frequency (Hz) 50 50 50 50 50

Sweeps (MM) 600 900 1050 1200 1400

Poem

• Decorative square canopy with ring .

• Downrod length suitable for false ceiling also .

• Smooth & silent performance.

• Dual toned metallic paint finish motor

• Decorative range to bomplement every living space

• Available in colours :- Misty Grey , Champagne Gold , Real earth .

Input Supply (Volts)

Input Frequency (Hz)

Power Input (Watts)

Speed (RPM)

Air Deleivery (CMM)

220 50 70 350 230

Sunday

• Elegant style with sophisticated look .

• Metallic Paint finish to give a great look .

• High speed fan with superior air thrust .

• Dual toned metallic paint finish motor

• All aluminium fan suitable for all terrains

• Large body

• Available in colours :- Topaz, Pearl Lvory, Sparkle Brown.

Input Supply (Volts)

Input Frequency (Hz)

Power Input (Watts)

Speed (RPM)

Air Deleivery (CMM)

220 50 75 380 220

• TABLE

Table Fans

Sweep (MM) Speed (RPM)

400 1350

• WALL

Wall Fans

Speed

Sweep (MM) Speed (RPM)

300 2100

Beat

Sweep (MM) Speed (RPM)

400 1350

Pedestal Fans

Sweep (MM) Speed (RPM)

400 1350

Ventilation Fans

18.Cracker CFL InverterCracker CFL Home UPS : Enabling Business as Usual for Microenterprises

When power fails, small businesses and vendors are the hardest hit. With a Cracker CFL Home UPS, work can continue uninterrupted—thanks to the ingenuity of Luminous.This portable 45-watt home UPS offers instant back up through an in-built 12V SMF battery that incorporates a micro controller-based PWM technology using MOSFETs. The UPS has advanced safety features like auto reset while AC is recovering, overload and short circuit protection in battery mode along with a sleep mode to preserve battery life.

Other customer-focused features include :

• Easy-to-carry form factor• Three attractive colours• Multiple plug points• Dedicated socket for energy-saving CFL bulbs• Space efficiency• Hassle-free mounting• Information display panel with four visual indicators

19.Rural Offerings

Delivering Reliable Power to Rural India.More than half the rural households in India do not

have access to electricityAmong those that do, many endure poor voltage and inadequate supply.

Compounding this problem is rising prices of fossil fuels and growing environmental concerns.

Luminous addresses these issues while innovatively meeting rural power needs through a range

of affordable and easy-to-install products, including solar products.

Solar power, or electrical energy generated by turning sunlight into electricity is extremely efficient and highly affordable—both of which are key concerns in the rural market. Crucially,

Luminous rural products are low maintenance, with practically zero recurring costs and easy scalability.

Luminous rural products

• Shakti charge home UPS

• Solar panels

• Solar home lamp system

• Solar charge controller

• Solar lantern

• Cracker CFL home UPS

Network & Connectivity

Our network & connectivity solutions include Assessment of business application & bandwidth requirement, Design optimum solution,Selection of right products, Implementation, Project management and 24X7 Post-sales-service.

Site Integration

Our site integration services include Design & Implementation of Turnkey physical infrastructure by integrating Power, Data & Voice solutions to run customers' mission critical IT equipment.

Data Center

Our data center solutions include Design & Implementation of key components of data center build namely

Key Strengths

Excellent Market Standing & Experience

We have superior market standing due to in depth knowledge about Power Conditioning Products & Technologies. We have more than 20 years experience in providing Power Conditioning Solutions in Indian market.

Expertise & Experience in executing Site Integration services across the country

We have successfully executed multi-location projects involving site integration of power, data & voice solutions. To name a few such projects are Amway(33 locations), Indian ARMY (24 locations), and BSNL (4 locations) etc.

Very Good OEM Relations

We have excellent relationship with OEM Customers which enables repeat business. These OEMs include Computer companies, Process control & automation companies, Medical Equipment companies, Consultants & Architects etc. OEM Customers include IBM, Wipro, TCS, ORG and SIEMENS etc.

Good pre-sales, project, technical & post-sales manpower

We have industry certified personnel in the respective domain.

ISO Certification

Our quality systems complies with ISO 50001:2011standards

Scope of the Project

• To find out the financial position of the company.

• To get the profit margin of the Company.

• To forecast the growth and profit of the company.

• To extrapolate the company’s Position.

RESEARCH DESIGN

The study based on the descriptive and applied research. The financial position of luminous

engineering and technology service pvt. Ltd is analyzed comparatively, common and trends.

Make planes of comparing the financial position of the company for two years. By the of many

concepts of financial statement of the result of the control mechanism can be summarized which

will in indentifying effectiveness of the system under the preview. Hence the

comparative,common and are use to get the conclusion of the company profile.

DATA COLLECTION METHOD:

1) SECOUNDRY SOURES:-

i) Annual reports

ii) Different records used by financial department

iii) websites of luminous

PRESENTATION OF DATA:-

Data has been present through column and bar diagrams.

DATA ANALYSIS AND INTERPRETATION:-

We have analyzed the data of the company and calculate the profit margin of the company. We

have calculate the comparative. Common size, trends, ratio. Of the company. We analysis the

financial position of the company and come to know that luminous have growth in coming year.

REVIEW OF LITERATURE

Dr. Erich Helfert's work has become a classic, and he has been of substantial help to my

company with respect to teaching our people how to think about the numbers which drive our

company. -- Robert J. Saldich, President and Chief Executive Officer, Raychem Corporation july

1997 Dr. Helfert's book and his teachings go a long way toward removing the mystery from the

financial workings of an enterprise. His approach allows managers from all areas of the business

to understand how their decisions impact shareholder value. -- Stephen E. Frank, President and

Chief Operating Officer Southern California march 1999

Erich Helfert has contributed to the development of financial skills of TRW managers through

his case study preparation and presentations, his book Techniques of Financial Analysis, and his

instruction. He continues to be included as a highly rated faculty member in TRW's management

development programs. -- Peter S. Hellman, President and Chief Operating Officer, TRW Inc.;

May 1996

Erich Helfert has played an instrumental role in teaching HP managers of both financial and non-

financial backgrounds in our long-standing Functional Management Program. His excellent

financial overviews and simplified models effectively broaden our managers' understanding and

ownership of their fiscal responsibility to HP and our shareholders. -- Robert P. Wayman,

Executive Vice President, Chief Financial Officer, Hewlett-Packard Company; December 1997

Erich Helfert possesses a rare ability to make financial concepts understandable to individuals

who lack a financial background. As a result we had Dr. Helfert conduct shareholder value

creation classes for all senior managers, and create a shareholder value course for all other

salaried and hourly employees. The results of these efforts exceeded our high expectations. -- L.

Pendleton Siegel, Chairman and Chief Executive Officer, Potlatch Corporation; February 1999

Erich Helfert's Techniques of Financial Analysis is a bona fide treasury for executives, managers

and entrepreneurs who need to understand financial management. I have used and recommended

this great work in both corporate and university programs for more than ten years. Erich Helfert

possesses unique abilities to make clear the arcane that frequently enshrouds topics of financial

management. -- Allen B. Barnes, Provost, IBM Advanced Business Institute; March 1, 1999

Erich Helfert's writing and teaching have become a mainstay in our 'Renewal Series' at AMOCO.

This series, in its third year and directed at the top 3,500 leaders/managers in AMOCO world-

wide, is an aggressive approach at helping to transform our culture through the use of early

educational interventions that cascade through the organization. Erich's business and strategic

sense have been recognized as valuable guides to our process. -- William H. Clover, Ph.D.,

Manager of Training and AMOCO Learning Center; January 1996

We have received favorable feedback from our management team as to the timeliness and

importance of the Shareholder Value sessions facilitated by Dr. Helfert for 3M. His ability to

make financial concepts understandable to non-financial managers was documented, and his

credibility and content added significantly to the success of our educational effort. Shareholder

value concepts helped people understand why the recent portfolio reorganization decisions--a

significant departure from past practices--were necessary. -- Giulio Agostini, Senior Vice

President, Finance and Office Administration, 3M Corporation; Sept. 1997

2.) By Madhusudan Mohanty and Philip Turner

The conventional view is that microeconomic reforms after the 1997-98 Asian financial crisis have greatly strengthened banking systems in Asia. Banks have become better capitalised, external exposures have been reduced and credit risk has been managed more effectively. But this conventional view does not take enough account of the macroeconomic background. A sharp rise in domestic savings, combined with the recent large-scale sterilised intervention and easy monetary policy, has led to very easy financing conditions for banks. Bank credit expanded. Banks have accumulated a large stock of government bonds. How these conditions will change and how this will affect banks in Asia is uncertain. Supervisory authorities therefore need to be sure that the present very liquid position of most banking systems in Asia does not allow significant (but so far only latent) increases in market and credit risk to go undetected.The conventional view is that microeconomic reforms after the 1997-98 Asian financial crisis have

greatly strengthened banking systems in Asia. Banks have become better capitalised, external exposures have been reduced and credit risk has been managed more effectively. But this conventional view does not take enough account of the macroeconomic background. A sharp rise in domestic savings, combined with the recent large-scale sterilised intervention and easy monetary policy, has led to very easy financing conditions for banks. Bank credit expanded. Banks have accumulated a large stock of government bonds. How these conditions will change and how this will affect banks in Asia is uncertain. Supervisory authorities therefore need to be sure that the present very liquid position of most banking systems in Asia does not allow significant (but so far only latent) increases in market and credit risk to go undetected.

3.) By William Allen and Richhild Moessner

The financial crisis that began in August 2007 has blurred the sharp distinction between monetary and financial stability. It has also led to a revival of practical central bank co-operation. This paper explains how things have changed. The main innovation in central bank cooperation during this crisis was the emergency provision of international liquidity through bilateral central bank swap facilities, which have evolved to form interconnected swap networks. We discuss the reasons for establishing swap facilities, relate the probability of a country receiving a swap line in a currency to a measure of currency-specific liquidity shortages based on the BIS international banking statistics, and find a significant relationship in the case of the US dollar, the euro, the yen and the Swiss franc. We also discuss the role and effectiveness of swap lines in relieving currency-specific liquidity shortages, the risks that central banks run in extending swap lines and the limitations to their utility in relieving liquidity pressures. We conclude that the credit crisis is likely to have a lasting effect on the international liquidity policies of governments and central banks.

4.) By Carlos Montero

In practice, central banks have been confronted with a trade-off between stabilising inflation and output when dealing with rising oil prices. This contrasts with the result in the standard New Keynesian model that ensuring complete price stability is the optimal thing to do, even when an oil shock leads to large output drops. To reconcile this apparent contradiction, this paper investigates how monetary policy should react to oil shocks in a microfounded model with staggered price-setting and with oil as an input in a CES production function. In particular, we extend Benigno and Woodford (2005) to obtain a second order approximation to the expected utility of the representative household when the steady state is distorted and the economy is hit by oil price shocks.

The main result is that oil price shocks generate an endogenous trade-off between inflation and output stabilisation when oil has low substitutability in production. Therefore, it becomes optimal for the monetary authority to stabilise partially the effects of oil shocks on inflation and some inflation is desirable. We also find, in contrast to Benigno and Woodford (2005), that this trade-off is reduced, but not eliminated, when we get rid of the effects of monopolistic distortions in the steady state. Moreover, the size of the endogenous "cost-push" shock generated

by fluctuations in the oil price increases when oil is more difficult to substitute by other factors Pandey, I.M. “Financial Management”, 3rd edition, New Delhi, Vikas Publication House Pvt. Ltd. P-73to97(long term financial position or solvency in this I studied about debt ratio, fund debt to total capitalization ratio, equity ratio etc.)1

Maheshwari, “S.N, Advanced Accounting”,4th edition Sultan Chand & Sons Publication, New Delhi, 2004, P.No. (b40-b48)(tools of financial analysis)2

Gupta Shashi.k,,”Managemenet Accounting”, 5th ed,ition,Kalyani Publishers,New Delhi, P.No 23.1-23.9(working capital management and finance)3

Goel D.K, “Analysis of financial statement”, 10th edition,Avichal Publishing Company P.No 2.1-2.38(ratio analysis)4

Donald R. Cooper and Pamela S. Schindler, “Business Research Methodology” Eighth Edition’ Tata McGraw Hill Publishing Company Limited, New Delhi. Chapter 3, Page 82, 86, 87. Chapter 4, Page 101,102 (helped in research design)5

Kothari C.R., “Research Methodology Methods and Techniques” (Second Edition) New Age International Publishers, Ansari Road, Daryaganj, New Delhi-110002. Chapter 4, Page 55-58. Chapter 6, Page 95,100,111. (Methods of data collection, collection of data, and collection of secondary data” are referred before the data collection”.)6Jain, ,T.R., and Aggarwal, Dr. S.C., “Statistics For M.B.A”,VK publication, PP1-3 Part b, , 2nd Edition ,PP 131-134 Part (“Correlation” is studied to use these test in study.)Gupta S.P. and Gupta M.P., “Business Statistics”, Twelth Edition, Sultan Chand and Sons Publications. PP 237-241,628-629 (test hypotheses testing)8.

Murray R. Spiegel, “Theory and Problem of Statistics”, Third edition, Tata Mc Graw Hill Publication, Chapter 12, Pg No.45-48 (correlation and regression)

RATIO ANALYSIS

MEANING OF RATIO:-

Ratio analysis is one of the most powerful tools of financial analysis. It is the process of establishing and interpreting various ratios. It is the help of ratios that the financial statements can be analyzed more clearly and decisions made from such analysis.

USE OF RATIOS:-

The use of ratio analysis is not confined to financial manager only. There are different parties interested in the ratio analysis for knowing the financial position of firm for different purposes. In view of various users of ratios, there are many types of ratios which can be calculated from the information given in the financial statements.

RATIO ANALYSIS OF LUMINOUS POWERS TECHNOLOGY PVT LTD ANALYSIS OF SHORT TERM FINANCIAL POSITION OR TEST OF LIQUIDITY2

The short term creditors of company like suppliers of goods of credit and commercial banks providing short term loans are primarily interested to knowing the company’s ability to meet its current or short term obligations as and when these become due. The short term obligation of a firm can be met only when there are sufficient liquid assets. Therefore, a firm must ensure that it does not suffer from lack of liquidity or their capacity to pay its current obligations. If a firm fails to meet such current obligations due to lack of good liquidity position, its goodwill in the market is likely to be affected beyond repair. It will result in a loss of creditor’s confidence in a firm may causes even closure of the firm. Even a very high degree of liquidity is not good for a firm because such a situation represents unnecessarily excessive funds of the firm being tied-up in current assets. Therefore, it is a very important to have proper balance in regards to the liquidity of the firm.

CURRENT RATIO:

CURRENT RATIO = CURRENT ASSETS / CURRENT LIABILITIES

CURRENT ASSETS = 1998.39

CURRENT LIABILITIES = 2245.39

CURRENT RATIO = 0.89:1

INTERPRETATION OF CURRENT RATIO:

Current ratio is an indicator of the firms liquidity and it ability to pay its current obligations in time when they become due. As a convention the minimum of two to one ratio is referred to as a banker’s rule of thumb. Current ratio of LUMINOUS POWERS. is 0.89:1. it is matter of concern. As a manufacturing concern there is more investment in the capital goods but current assets also to be increased accordingly to improve the current ratio. A business with heavy investment in fixed assets may be successful even ration is low.

2. ABSOLUTE QUICK RATIO:= CASH & BANK+ SHORT TERM

SEC./CURRENT LIABILITIES

LIQUID ASSETS = 920.60

CURRENT LIABILITIES =2245.39

QUICK RATIO = 0.41

3. INVENTORY TURNOVER RATIO: - COGS OR NET SALES/AVG. STOCK AT

COST

INTERPRETATION OF INVENTORY TURNOVER RATIO:

Inventory turnover ratio is concerned with the maintenance of level of inventoryof finished

goods so as to be able to meet the requirements of the business. Level of inventory should neither

be too high nor too low. Inventory turnover ration indicates the number of time the stock has

been turned over during the period. In the context of LUMINOUS POWERS is manufacturing

company the inventory turnover ration is good and shows their good efficiency to manage their

inventory

4. INVENTORY CONVERSION PERIOD

Inventory Conversion Period = Days in year/Inventory Turnover Ratio

= 365/27.51

INTERPRETATION OF INVENTORY CONVERSION PERIOD:

This shows the time taken to clear the stock. Stock of the company cleared

= 13.26 Days

more than five times in the year. It shows their good management of the stores. This is good as a manufacturing concern.

5. DEBTORS TURNOVER RATIO:

DEBTORS TURNOVER RATION= NET CREDIT ANNUAL SALES OR ANNUAL TOTAL SALES/AVG. TRADE DEBTORS

TOTAL SALES =8300.18 CRORE

AVG. DEBTORS =344.12 CRORE

DEBTOR TURNOVER RATIO = 24.12 TIMES

INTERPRETATION OF DEBTOR TURNOVER RATIO:

Debtor turnover ratio indicates the number of times the debtors are turned over during a year. Debtor’s turnover ratio of LUMINOUS POWERS. is higher. It shows more efficient management of debtors.

6. AVERAGE COLLECTION PERIOD = NO. OF WORKING DAYS/DEBTORS

TURNOVER

=365/24.12

=15.13 DAYS (approx.)

INTERPRETATION OF AVERAGE COLLECTION PERIOD RATIO:

The average collection period ration represent s the average number of days for which a firm has to wait before its receivables are converted into cash. Average collection period of the LUMINOUS POWERS. shows their efficiency for debt collection and shows their credits terms & policy towards debtors

7. CREDITORS TURNOVER RATIO:

Creditors turnover ratio =net credit annual purchase/Avg. trade creditors

Net credit annual purchases: = 1473.37 cr

Average trade creditors = 111.915 cr

Creditors turnover ratio =13.165 times

INTERPRETATION OF CREDITORS TURNOVER RATIO:

Creditor’s turnover ratio shows the relation between credits purchases and average trade creditors. It indicates the number of times; creditors are turned over during higher. In context of LUMINOUS creditor turnover ratio shows good management of creditors.

8. AVERAGE PAYMENT PERIOD RATIO:-

Average Payment Period Ratio= No. of days/ creditors turnover ratio

= 365/13.165

=27.72 days

INTERPRETATION OF AVERAGE PAYMENT PERIOD RATIO:

The average payment period ratio represents the average number of days taken by the firm to pay it creditors. The payment period of the company is less it shows that company enjoys the benefit of the discount facilities.

ANALYSIS OF LONG TERM FINANCIAL POSITION OR SOLVENCY

The term solvency refers ton the ability of a concern to meet its long term obligation. The long term indebtedness of a firm includes debentures holders. Financial institution providing medium

and long term loans and other creditors selling goods on installment basis .long terms solvency ratios indicate a firm ability to meet the fixed interest and costs and repayment schedules associated with its long term borrowings.

1. DEBT EQUITY RATIO

Debt equity ratio = outsiders funds/shareholders funds

Outsiders funds= 492.78cr

Shareholders’ funds= 4927.73cr

THEREFORE DEBT EQUITY RATIO= 0.10:1

INTERPRETATION OF DEBT EQUITY RATIO:

This ratio calculated to measure the extent to which debt financing has been used in business. Being a manufacturing concern there is more investment in the capital goods. Lower of ratio gives the higher margin of safety. There is no standard norm or rule of thumb regarding this ratio. It depends upon the policy of the company. Their no mach more risk in the companies operation therefore they were rely on the shareholders funds.

2. FUNDED DEBT TO TOTAL CAPITALIZATION RATIO

Funded debt to total capitalization ratio x 100 = 1261.79/61 =20.38%

INTERPRETATION OF FUNDED DEBT TO TOTAL

CAPITALIZATION RATIOS: This ratio calculated to measure the extent to which debt financing has been used in business. Being a manufacturing concern there is more investment in the capital goods .lower of ratio gives the higher margin of safety .Their is no standard norm or rule of thumb regarding this ratio. It depends on the policy of the company. Their no much more risk in the companies therefore they were rely on the shareholders funds.

3. PROPRIETARY OR EQUITY RATIO:

SHARE HOLDERS FUNDS/TOTAL ASSETS X 100

Share holder funds =4927.73 Crores

Total Assets = 5409.76 Crores

PROPEITORY OR EQUITY RATIO= 91.08%

FINDINGS & CONCLUSION

SHORT TERM FINANCIAL POSITION:

The short term financial position of the company is not good enough. Current Assets of the company in the year 2009is 1998.39 crore where as the Current Liabilities is 2245.39 Crores.

Current Ratio is 0.89:1. Company needs bit improvement in it so that to make it 2:1.Short term liquidity position is also good as the acid test ratio is 0.61:1. Company needs bit improvement to make it 1:1.

Turnover Ratio of the company reflects their good and sound position. Stock turnover over ratio is 27.51 times. It is good that they clear their stock more than 5 times in the year. Debtors and creditors turnover ratio also show positive results in their efficiency.

LONG TERM FINANCIAL POSTION

Long term financial policy is not as good as it should be. No doubt company adopted very nice policy of financing fixed assets from the long term fixed assets and the long term liabilities. Rest payment is made in cash, thereby leading to reduction of the amount of cash.

Debt – equity ratio also gives the same picture. It should be near to one as possible. But it is not than one in every year. Not only but also showing the increasing trends. This is not a good sign.

Proprietary ratio is 91.08%, it is good, and it is 50% or more than it.

Earning per share is the one of most important factor.

Shareholders are the main stakeholders of the company they judge the companies performance on the basis of earning per share & dividend declared.

In the accounting year 2009companies earning per share is Rs.64.63. Dividend paid for the current year is Rs.20 per share.

SUGGESTIONS:-

Company is not utilizing its resources up to the maximum

Customer base remains the same

SAP is not implemented properly as the employees are not trained to use the same

Company is not looking for increase in the plant capacity.

Implementation of new policies by Holcim is disturbing the workforce in adapting to the new work-culture.

The company is more dependent on outsider’s fund.

Current Ratio is 0.89:1. Company needs bit improvement in it so that to make it 2:1.

Long term financial policy is not as good as it should be. No doubt company adopted very nice policy of financing fixed assets from the long term fixed assets and the long term liabilities. Rest payment is made in cash, thereby leading to reduction of the amount of cash.

The short term financial position of the company is not good enough. Current Assets of the company in the year 2009 is 1998.39 Crores where as the Current Liabilities is 2245.39 Crores

Low Investment in innovative R&D. Company should invest more in R&D.

High employee turnover rate. The other cement industries are paying good salaries to employees as compare to LUMINOUS POWERS that is why employees are leaving the company.

POLICY IMPLICATIONS

Some suggestions that I have given to the company and following are the result of those suggestions are as follows;

I suggest them to increase the promotion of Health and Safety at Work, including the prevention of occupational risks and it is in the process.

I suggest them to increase the capacity of plant as it a long term process so company officials said they put that point in the annual board meeting so it is in the process.

Current Ratio of the company is 0.89:1.so I suggest them to increase that to 2:1 and they are working upon it.

At last after studying LUMINOUS POWERS company are leading most company the management of company not too well. Analysis of financial statement is not managed in proper

way there is no labels are JIT system used. LUMINOUS POWERS company is using both short term and long-term sources to finance working capital requirements. Short-term finance is available in the form of bank borrowing. Capital requirement as allured from consortium arrangement. Company is having sufficient profits, which has been utilized to finance current Assets. Consumer of company is satisfied.

No business can run without an adequate amount of Working Capital. In case of LUMINOUS POWERS company, working capital has been increasing each year. As the sales volume is increasing each year, therefore more working capital has been required to finance current assets of the company. The management of cash in Luminous is good.LUMINOUS have to try taking advantages of market opportunities’ and grow up its strength. Therefore, I can say that the hypothesis i have taken about the Analysis financial statements of company is true.

Financial statements is users for decision-marking process. user can know better about the financial strengths and weaknesses of the firm if they properly analysis the information contained in the financial statement . financial analysis is process of identifying the financial strengths and weaknesses of the entity by properly establishing relationship between the variable(items) of balance sheet and profit &loss account. The process of “financial analysis” is to diagnose the information given in the financial statements in such a manner so as to judge the liquidity, profitability and financial soundness of the entity.

“Analysis financial statements is a process of evaluating relationship between component parts of financial statement to obtain a better understanding of firm’s position and performance.”The analysis and interpretation of financial statements represents the fourth and the last step of accounting.

The first three steps being:

(1): analysis of each transaction to determine the account to be and debited &credited and the measurement or valuation of each transaction to determine the account involved.

(2): recording the information in the book of original entry, posting in the ledger and extraction of trial balance.

(3): preparation of final account and balance sheet.The fourth step of analysis and interpretation of financial statements involves compilation and study of financial and operating data and the interpretation of measuring devices such as ratio, trend and percentage. Selection of the relevant information. Classification of information, identifying and segregating of the important factors; Establishing relationship between different factors to convey meaningful and signification co-relation.

(4):Evaluation of relationship with a view to answer the questions regarding the entity. Financial statement are “reports by management” .these can be made as “reports on management” with the help of analysis and interpretation.

BIBLIOGRAPHY

Pandey, I.M. “Financial Management”, 3rd edition, New Delhi, Vikas Publication House Pvt. Ltd. P-143to145(Approaches of working capital)

Maheshwari, “S.N, Advanced Accounting”, 4th edition Sultan Chand & Sons Publication, New Delhi, 2004, P.No. (b40-b48)(tools of financial analysis)

Gupta Shashi.k,,”Managemenet Accounting”, 5th ed,ition,Kalyani Publishers,New Delhi, P.No 23.1-23.9(working capital management and finance)

Donald R. Cooper and Pamela S. Schindler, “Business Research Methodology” Eighth Edition’ Tata McGraw Hill Publishing Company Limited, New Delhi. Chapter 3, Page 82, 86, 87. Chapter 4, Page 101,102 (helped in research design)

Kothari C.R., “Research Methodology Methods and Techniques” (Second Edition) New Age International Publishers, Ansari Road, Daryaganj, New Delhi-110002. Chapter 4, Page 55-58. Chapter 6, Page 95,100,111. (Methods of data collection, collection of data, and collection of secondary data” are referred before the data collection”.)

ANNUAL REPORT (Luminous Power technology PVT LTD.) 2009 (balance sheet and P&L account)

• http://www.myluminous.com/default.asp

• http://www.tsindia.in/

• http://www.indiamart.com/company/1677226/

• http://www.luminous.com

APPENDIXS

ANNEXURE-1

CASH FLOW OF LUMINOUS POWER TECHNOLOGY LAST 5 YEAR

PARTICULARS 2005-06 Dec 06 Dec 07 Dec 08 Dec 09

12 Months 9Months 12Months 12Months 12 Months

Net PBT 444.62 405.46 1449.82 1717.18 1687.74

Net Cash From Opt. Acti.

597.98 643.84 1421.68 2004.90 1708.33

Net Cash From Investment

Account

-518.59 -181.23 -482.70 -824.30 -1170.44

Net cash from Finance Account

-87.04 -419.04 -423.42 -1057.29 -297.13

Net Cash Increase or Decrease

-7.65 43.57 515.56 123.31 240.76

Opening Balance

64.97 59.22 104.61 620.17 743.48

Closing Balance 57.32 102.79 620.17 743.48 984.24

ANNEXURE-2

FINANCIAL RATIOS OF LUMINOUS POWER TECHNOLOGY LAST 5YEAR

2005-06

Dec 06 Dec 07

Dec 08

Dec 09

Face Value 10.00 10.00 10.00 10.00 10.00

Dividend Per Share

7.00 8.00 15.00 20.00 20.00

Operating Profit per Share

37.17 31.44 89.30 103.47 95.00

Net Operating Profit Per shares

218.33 172.56 306.06 367.48 385.22

Free Reserves Per Share (Rs)

68.62 91.75 144.12 206.60 247.26

Bonus Equity Capital

51.44 49.78 49.05 48.95 48.94

Operating Profit margin (%)

17.02 18.21 29.17 28.15 24.66

PBI and Tax Margin (%)

12.09 12.86 24.3 5 23.24 20.01

Gross Profit Margin %

15.54 17.32 28.97 23.72 20.59

Cash Profit Margin %

14.33 21.95 25.53 21.57 19.22

Adjusted Cash 13.86 12.97 22.63 21.57 19.22

Margin %

Net Profit Margin %

9.59 16.85 21.16 20.44 16.29

Adjusted net Profit Margin

(%)

8.63 7.68 18.15 20.44 16.29

Return on capital Employed (%)

16.70 14.16 38.35 39.84 31.43

Return on net worth (%)

23.68 25.47 39.19 34.64 24.61

Adjusted return on net worth (%)

21.58 11.64 33.64 29.16 23.05

Return on assets excl. revaluations

88.30 115.42 167.76 221.33 262.56

Return on assets incl. revaluation

88.30 115.42 167.76 221.33 262.56

Return on long term funds (%)

18.49 15.36 40.10 39.98 31.43

LIQUIDITY AND SOLVENCY RATIOS LAST 5 YEAR

2005-06

Dec 06

Dec 07

Dec 08 Dec09

12 mths

9mths 12 mths

12 mths 12mths

Current Ratios 0.54 0.58 0.77 0.86 0.89

Quick Ratios 0.43 0.42 0.61 0.55 0.61

Debt Equity Ratio 0.88 0.50 0.25 0.07 0.10

Long Term Debt Equity Ratio 0.70 0.39 0.20 0.07 0.10

DEBT COVERAGE RATIOS

Interest Cover 5.27 6.87 19.97 24.05 42.56

Total Debt to Owners Fund 0.88 0.50 0.25 0.07 0.10

Financial Charges Coverage Ratio 7.44 9.45 23.43 28.21 49.92

Fin. charges coverage ratio post tax 7.14 11.81 20.85 24.63 38.71

Management Efficiency Ratios

Inventory Turnover Ratio 7.27 5.37 9.33 24.85 27.51

Debtors Turnover Ratio 20.91 16.34 27.75 27.40 24.12

Investment Turnover Ratio 17.69 12.29 22.40 24.82 7.51

Fixed Assets Turnover Ratio 1.45 1.05 1.72 1.26 1.25

Total Assets Turnover Ratio 1.30 0.99 1.46 1.55 1.35

Asset Turnover Ratio 0.96 0.69 1.19 1.26 1.25

Average Raw Material Holding 22.77 19.85 22.19 33.05 21.34

Average Finished Good Held 8.64 9.14 7.07 7.17 6.45

Number of days in working capital -22.11 -27.93

-6.96 -18.25

17.02

PROFIT & LOSS ACCOUNT RATIOS LAST 5 YEAR

2005-06

Dec 06 Dec 07 Dec 08 De 09

12 mths

9mths 12 mths

12 mths

12mths

Material Cost Composition 38.77 33.88 26.40 26.73 16.32

Imported Composition of R.M cons

3.51 1.36 3.00 6.49 9.83

Selling dist. Cost composition 18.28 22.80 20.02 18.55 19.05

As Composition of Total Sales 2.18 1.93 1.20 1.29 0.99

Dividend Payout Ratio Net Profit

37.65 30.92 26.00 30.49 36.20

Dividend Payout Ratio Cash Profit

24.37 23.53 21.45 25.13 29.13

Earning Retention Ratio 58.14 32.15 69.70 63.78 61.35

Cash Earning Retention Ratio 73.93 59.85 75.70 71.10 69.30

Adjusted Cash Flow Times 2.58 2.56 0.59 0.20 0.34

Earning Per Shares 21.19 29.49 65.78 76.67 64.62

Book Value 89.46 115.76 167.81 221.33 262.56

ANNEXURE-3

FINANCIAL HIGHLIGHTS

PARTICULARS

2009 2008

Rs. Crore Rs.Crore

Gross Revenue 8548.48 8025.81

Profit & loss before tax and exceptional item 1687.74 1717.18

Exceptional item 48.86 213.11

Profit & loss after tax and exceptional item 1212.79 1438.59

Dividend 439.14 438.92

Capital Employed 5745.55 4790.57

Net worth 4927.73 4152.71

Borrowings 482.03 306.41

Debt: Equity Ratio 0.10 0.07

Book Value per Share at year end 262.56 221.33

Basic Earnings per Share 64.63 76.75

Dividend per Share 20.00 20.00

Employee (Number) 9557 10032

Shareholder (Number) 155813 127476

Gross Revenue per share 458.08 439.12

Earning Price Ratio 7.39 13.74

Dividend % 200 200

Yield % 4.18 1.90

Book Value per share 263 221

Market Price of share – High 1050 1315

Market Price of Share – Low 369 680

ANNEXURE-4

BALANCE SHEET AS AT DECEMBER 31, 2009

1. SOURCES OF FUNDS:

1. SHAREHOLDERS FUNDS:

Share Capital 187.88

(b) Share Application money, pending allotment -----

(c) Reserves and Surplus 4739.85

2. LOAN FUNDS:

(a) Secures Loans 450.00

(b) Unsecured Loans 32.03

4. DEFERRED TAX LIABILITY (Net)

5. TOTAL FUNDS

11. APPLICATION OF FUNDS:

1. FIXED ASSETS:

(a) Gross Block 5835.67

(b) Less: Depreciation

AMOUNT

(IN CRORE)

C.Y.

4927.73

482.03

335.79

5745.55

AMOUNT

(IN CRORE)

P.Y.

187.83

0.10

3964.78

4152.71

266.03

41.38

306.41

331.45

4790.57

5464.07

2149.35

3314.72

2365.97

(c) Net Block 3469.70

(d) Capital Work-in-Progress etc 1602.86

2. INVESTMENTS

3. CURRENT ASSETS, LOANS AND ADVANCES:

(a) Inventories 793.27

(b) Sundry Debtors 310.17

(c) Cash and Bank Balances 984.24

(d) Other Current Assets 20.67

(e) Loans and Advances 626.85

2735.20

4. LESS: CURRENT LIABILITIES AND PROVISIONS:

(a) Current Liabilities 1777.36

(b) Provisions 963.93

2741.29

5. NET CURRENT ASSETS

7. TOTAL ASSETS(Net)

5072.56

679.08

(6.09)

_____________

5745.55

649.19

3963.91

844.81

730.86

289.29

743.48

18.87

420.54

2203.04

1554.92

666.27

2221.19

(18.15)

_____________

4790.57