Group Members

Pankaj Patkar - 102

Vikramsinh Naik - 97
Yash Sardesai - 110
Rohan Satam - 111
Keshav Rathod - 107
Balance Sheet of Asian Paints

Mar '09 Mar '10

12 mths 12 mths
Sources Of Funds
Total Share Capital 95.92 95.92
Equity Share Capital 95.92 95.92
Share Application Money 0 0
Preference Share Capital 0 0
Reserves 998.55 1,461.30
Revaluation Reserves 0 0
Networth 1,094.47 1,557.22
Secured Loans 24.59 25.59
Unsecured Loans 40.7 40.7
Total Debt 65.29 66.29
Total Liabilities 1,159.76 1,623.51

Mar '09 Mar '10

12 mths 12 mths
Application Of Funds
Gross Block 1,116.93 1,194.39
Less: Accum. Depreciation 494.02 486.93
Net Block 622.91 707.46
Capital Work in Progress 164.64 380.72
Investments 234.77 703.69
Inventories 546.71 763.14
Sundry Debtors 311.02 331.43
Cash and Bank Balance 128.05 28.58
Total Current Assets 985.78 1,123.15
Loans and Advances 186.37 241.68
Fixed Deposits 0.21 0.02
Total CA, Loans & Advances 1,172.36 1,364.85
Deffered Credit 0 0
Current Liabilities 849.08 1,229.04
Provisions 185.84 304.17
Total CL & Provisions 1,034.92 1,533.21
Net Current Assets 137.44 -168.36
Miscellaneous Expenses 0 0
Total Assets 1,159.76 1,623.51
Contingent Liabilities 356.87 223.8
Book Value (Rs) 114.1 162.35
Fund Flow of Asian Paints Sources of Funds Applications of Funds

Fund From Operations

Net Profit during year

Depreciation
Provision For Tax
Profit/Loss - FA
Non-Cash Expenses
Non-Operating Income
Applications of Funds
Profit & Loss account of Asian Paints

Mar '09 Mar '10

12 mths 12 mths
Income
Sales Turnover 5,042.40 5,794.09
Excise Duty 532.28 426.37
Net Sales 4,510.12 5,367.72
Other Income 23.86 150.61
Stock Adjustments 0.61 130.83
Total Income 4,534.59 5,649.16
Expenditure
Raw Materials 2,641.09 2,966.23
Power & Fuel Cost 45.78 47.03
Employee Cost 239.77 262.73
Other Manufacturing Expens 40.45 52.3
Selling and Admin Expenses 939.16 1,119.89
Miscellaneous Expenses 10.55 17.41
Preoperative Exp Capitalised 0 0
Total Expenses 3,916.80 4,465.59

Mar '09 Mar '10

12 mths 12 mths
Operating Profit 593.93 1,032.96
PBDIT 617.79 1,183.57
Interest 15.91 19.1
PBDT 601.88 1,164.47
Depreciation 57.15 60.74
Other Written Off 0 0
Profit Before Tax 544.73 1,103.73
Extra-ordinary items 3.6 7.23
PBT (Post Extra-ord Items) 548.33 1,110.96
Tax 185.97 336.46
Reported Net Profit 362.36 774.5
Total Value Addition 1,275.71 1,499.36
Preference Dividend 0 0
Equity Dividend 167.86 258.98
Corporate Dividend Tax 28.53 43.33
Per share data (annualised)
Shares in issue (lakhs) 959.2 959.2
Earning Per Share (Rs) 37.78 80.74
Equity Dividend (%) 175 270
Book Value (Rs) 114.1 162.35
Cash Flow of Asian Paints

Mar '09 Mar '10

12 mths 12 mths
Net Profit Before Tax 547.88 1104.81
Net Cash From Operating Activities 325.21 847.41
Net Cash (used in)/from
Investing Activities -16.69 -241.81
Net Cash (used in)/from Financing Activities -221.61 -237.99
Net (decrease)/increase In Cash and Cash Equivalen 86.91 367.61
Opening Cash & Cash Equivalents 41.35 127.94
Closing Cash & Cash Equivalents 128.26 495.55

COMMENTS
1) Increase in sales is 15% but Increase in operating profit is 73.73%.
2) Cash from Operations has more than doubled, this denotes operating efficiency of company has
3) Company has undergone extensive purchase Long Term Investments.
4) Company has taken loans for purchase of Long Term Investments.
5) Company is having negative Working Capital, this shows Working CapitalManagement is poor
6) Sales have increased by 15% but increase in debtors is comparatively very small. This shows Deb
ciency of company has improved.

Management is poor
y small. This shows Debt Recovery is good
Statement of Change of Working Capital

Mar '10 Mar '09

Total Current Assets 1,123.15 985.78
Current Liabilities 1,229.04 849.08

Working Capital -105.89 136.70

Increase in WC -242.59

-105.89 -105.89

Funds from Operations

Net Profit earned during year 774.50

Depreciation 60.74
Profit on Investment

FFO 835.24

Sources of Funds Applications of Funds

FFO 835.24 Purchase of Fixed Assets 84.55
Issue of Share Capital 0 Dividend paid 258.98
Secured Loan taken 1 Purchase of Investments 468.92
Loans and Advances paid 55.31 Tax Paid 185.97
Decrease in WC 242.59 Increase in WC 0.00

Total 1,134.14 Total 998.42

Working Capital
Increase Decrease
137.37 0
0 -379.96

-242.59
-242.59

-242.59 -242.59