GUIDELINES FOR PARTICIPANT GROUPS: (Please read all 9 instructions carefully for meticulous compliance)

1) Groups to analyze one company (of their choice) from the industry (listed below) for Financial Statement Analy
P&L Account, Cash Flow Statements - based on last three years' data. The industries / companies alloted are as un

Industry / Companies to Group 1: Automobiles

be alloted - Group 2: Pharma
Group 3: Petrochemical
Group 4: FMCG
Group 5: Steel
Group 6:
Group 7: Telecom
Group 8:

DELIVERABLES:
2) Primary objective is to share, in simple terms, group's understanding of the Companies and their business / fina
participants. ANY MEMBER OF THE GROUP MAY BE CALLED UPON TO MAKE THE PRESENTATION.
3A) Analysis to include comments, in simple terms, on the Liquidity, Profitability, Solvency (financial strength), A
(efficiency), valuation of the company from the points of view of (a) Management (b) Lender & (c) Investor.

3B) ANALYSIS / INTERPRETATION TO BUILD A CASE FOR ACTIONABLES FOR (say) MANAGEMENT (e.g. decisions rela
efficiency, leverage, etc.), INVESTOR (e.g. decision to buy / sell shares), LENDER (e.g. decision to lend)
3C) Analysis, interpretation and critical comments on appropriate financial ratios to be included.
3D) Groups to give a brief introduction about the industry / companies chosen
3E) A comparison with industry standards, comments on macro factors affecting the industry / company, developm
scenario - will be desirable from the point of adding value to the analysis

5) Template for P&L a/c and Balance Sheet given in succeeding sheets - to serve ONLY as an indicative format for
Groups may use their own template for Cash Flow Statement

6) Groups to make a presentation (not exceeding 12 minutes) on the analysis of Financial Statements. A REFEREN
TO THE SCHEDULES forming part of the Balance Sheet, Income & Expenditure Statement, Cash Flow statements fo
understanding of the nature of the Company's business
7) SOME TIPS FOR BETTER PERFORMANCE -
(a) DO NOT EXCEED TIME ALLOTED - GROUPS LIABLE FOR NEGATIVE MARKING IF TIME EXCEEDED
(b) Use '%' rather than absolute data for comparison and common-sizing
 (c) Use graphics, flow charts, other creative representation of data to the extent possible, for lucid
(d) Use 'Comment' function in Excel to list 'item heads' appearing in 'Schedules' of Financial Statem
8) Groups could also offer any other comments they deem appropriate, which in their opinion, would facilitate dec

9) The presentations will be assessed on the basis of Content, Effort, Insight & Quality of Presentation and will for
evaluation for the course.
ructions carefully for meticulous compliance)

ndustry (listed below) for Financial Statement Analysis of Balance Sheet,

s' data. The industries / companies alloted are as under:

rstanding of the Companies and their business / finances, with co-

ON TO MAKE THE PRESENTATION.
uidity, Profitability, Solvency (financial strength), Asset utilization
of (a) Management (b) Lender & (c) Investor.

NABLES FOR (say) MANAGEMENT (e.g. decisions relating to operating

l shares), LENDER (e.g. decision to lend)
ate financial ratios to be included.
mpanies chosen
o factors affecting the industry / company, developments in global
he analysis

g sheets - to serve ONLY as an indicative format for financial data.

on the analysis of Financial Statements. A REFERENCE SHOULD BE MADE

& Expenditure Statement, Cash Flow statements for a better

ABLE FOR NEGATIVE MARKING IF TIME EXCEEDED

resentation of data to the extent possible, for lucidity
heads' appearing in 'Schedules' of Financial Statements - for ready reference
ropriate, which in their opinion, would facilitate decision making

Effort, Insight & Quality of Presentation and will form part of overall
 AIRTEL
  Profit & Loss A/C (Income & Expenditure Statement)

For the year ending

31-Mar-08 31-Mar-09
INCOME Amount cs Amount
service revenue 25,665 100.00% 34,000

sale of goods 39 0.15% 15

Total Income 25,704 100.15% 34,014

EXPENSES
access charges 4,039 15.74% 5,203
network operating 3,300 12.86% 6,327
cost of good sold 34 0.13% 12
personnel 1,334 5.20% 143,316
sales and marketing 1,785 6.95% 2,176
total
profitexpenditure
before licence fee other 12,435 48.45% 17,240
income finance expnesnet
depriciation amortization charity 13,269 51.70% 16,774

licence fee and spectrum charges (revenue

2,584
share) 10.07% 3,582

profit befoe other income financece exp , 13,192

profit before tax 6972.5 27.17% 8161.5
mat credit -24.1 -0.09% -139.6
tax expenese
3.44%
current tax 883.5 0.00% 917.3
differed tax -168.2 -0.66% -395.9
fringe benefit tax
profit after tax 6244.1 24.33% 7743.8
profit after approproation 6700.1
profit brought forward 5533.9 21.56% 11797.2
profit carried to balance sheet 11819.4 46.05% 18497.3
 denotes Expenses
For %, SERVICE REVENUE = 100%
All figures in (Currency)
crores
Million
he year ending
31-Mar-09 31-Mar-10
Amount
100.00% 35,586 100.00%
0.00%
0.04% 23 0.07%
0.00% 0.00%
100.04% 35,610 100.07%
0.00% 0.00%
0.00% 0.00%
15.30% 4,435 12.46%
18.61% 7,447 20.93%
0.04% 20 0.06%
421.52% 1,437 4.04%
6.40% 2,405 6.76%
50.71% 17,985 50.54%

49.34% 17,625 49.53%

0.00% 0.00%
10.54% 3,755 10.55%

38.80% 13,870 38.98%

24.00% 10699.2 30.07%
-0.41% -1038.5 -2.92%
0.00% 0.00%
2.70% 5.57%
0.00% 1981.3 0.00%
-1.16% -330.3 -0.93%

22.78% 9426.1 26.49%

19.71% 8275.6 23.26%
34.70% 18502.8 51.99%
54.40% 26778.4 75.25%
Company Name:
Balance Sheet

Balance Sheet as on
LIABILITIES 31-Mar-08 31-Mar-09
Sources Of Funds Amount C.S Amount
Share Capital 1,898 7.06 1,898
Reserves & Surplus 18,286 68.04 25,630
Revaluation Reserves -
Networth -
Secured Loans 52 0.19 52
Unsecured Loans 6,518 24.25 7,662
Total Debt 7,714
Total Liabilities 26,876 100.00% 35,357

Balance Sheet as on
ASSETS 31-Mar-08 31-Mar-09
Use / Application of Funds Amount % Amount
Gross Block 28,116 104.61 37,267
Less: Accum. Depreciation 9,085 33.80 12,253
= Net Block 19,031 70.81 25,013
Add: Capital Work in Progress 2,751 10.24 2,567
Net Fixed Assets 21,782 81.05 27,580
-
Investments 10,953 40.75 11,778
deffered tax asset net 0 0.00 327
Inventories 57 0.21 62
Sundry Debtors 2,776 10.33 2,550
Cash and Bank Balance 503 1.87 2,252
other current asst 100 0.37 120
Loans and Advances 2,824 10.51 4,441
Total CA, Loans & Advances 6,260 23.29 9,425
Deffered Credit -
Fixed Deposits -
Current Liabilities 11,909 44.31 13,118
Provisions 210 0.78 6,344
Total CL & Provisions 12,119 45.09 13,752
Net Current Assets (5,859) (21.80) (4,327)
Miscellaneous Expenses - -
 Total Assets 26,876 100.00% 35,358
Contingent Liabilities
Earning per Share (EPS) (Rs)
Book Value per share (Rs)
 For %, Total Assets/Liabilities = 100%
All figures in (Currency) Million
alance Sheet as on
31-Mar-09 31-Mar-10
C.S Amount cs
5.37 1,899 4.54
72.49 34,652 82.94
- -
- -
0.15 39 0.09
21.67 4,999 11.97
21.82 4,999 11.97
100.00% 41,779 100.00%

alance Sheet as on
31-Mar-09 31-Mar-10
% Amount %
105.40 44,213 105.82
34.65 16,188 38.75
70.74 28,025 67.08
7.26 1,595 3.82
78.00 296,120 708.78
- -
33.31 15,773 37.75
0.92 -
0.18 27 0.07
7.21 2,105 5.04
6.37 817 1.95
0.34 66 0.16
12.56 6,210 14.86
26.66 9,225 22.08
- -
- -
37.10 12,180 29.15
17.94 659 1.58
38.89 12,839 30.73
(12.24) (3,614) (8.65)
-
100.00% 41,779 100.00%