Forecasting Maruti Suzuki.xlsx

7/27/2019 Forecasting Maruti Suzuki.xlsx

1/17

Consolidated Assets Summary

Tata Motors Ltd. Mar-07 Mar-08

Currency: Rs. Million (Non-Annualised) 12 mths 12 mths

Common Size

Sales 151,252.00 100 310,007.10

Gross fixed assets 96,640.90 63.89 106,424.60Cumulative depreciation 47,927.10 31.69 52,761.50

Arrears of depreciation 0.00

Net fixed assets 48,713.80 32.21 53,663.10

Intangible assets 5,571.80 3.68 5,770.20

Land 1,522.20 1.01 2,319.40

Buildings 9,270.60 6.13 9,707.80

Plant & machinery, computers and electrical assets 30,876.40 20.41 34,248.80

Transport & communication equipment and infrastructure 704 0.47 858

Furniture, social amenities and other fixed assets 768.8 0.51 758.9

0.00

Capital work-in-progress 9,744.90 6.44 25,816.50

0.00

Net lease reserve adjustment 0.00 0.00 0.00

0.00

Net pre-operative exp pending allocation 0 0.00 0

0.00

Investments 12,615.00 8.34 11,745.90

Investment in equity shares 7,646.90 5.06 7,782.50

Investment in preference shares 418.80 0.28 410

Investment in mutual funds 2,568.40 1.70 1,327.80

Investment in debt instruments 1,617.00 1.07 1,588.80Investment in approved securites 0.00

Investment in assisted companies 0.00

Investment in others 482.5 0.32 769.1

Less: provn. for dimin. in value of investments 118.6 0.08 132.3

0.00

Market value of quoted investments 18,636.20 12.32 17,261.10

0.00

Deferred tax assets 2,036.70 1.35 2,621.80

0.00

Current assets 58,161.30 38.45 70,017.60

Cash & bank balance 13,864.40 9.17 11,542.70

Inventories 24,810.40 16.40 31,669.00

Receivables 19,463.80 12.87 26,713.60

Assets held for sale and transfer 22.70 0.02 92.30

0.00

Loans & advances 52,429.90 34.66 92,853.90

Miscellaneous expenses not written off 139.1 0.09 119.3

0.00

Total assets 183,840.70 121.55 256,838.10


2/17

Mar-09 Mar-10 Mar-11

12 mths 12 mths 12 mths

Common Size Common Size Common Size Common Size

100 324,347.80 100 285,132.80 100 381,618.70 100

34.33 133,877.60 41.28 620,273.60 217.54 680,357.30 178.2817.02 59,156.10 18.24 331,154.60 116.14 341,799.10 89.57

0.00 0.00 0.00 0.00

17.31 74,721.50 23.04 289,119.00 101.40 338,558.20 88.72

1.86 9,464.00 2.92 91,364.70 32.04 133,100.60 34.88

0.75 4,318.40 1.33 14,453.70 5.07 17,489.40 4.58

3.13 11,949.50 3.68 38,233.30 13.41 37,438.90 9.81

11.05 47,319.50 14.59 141,001.10 49.45 146,834.40 38.48

0.28 666.2 0.21 730.10 0.26 653.90 0.17

0.24 1,003.90 0.31 3,336.10 1.17 3,041.00 0.80

0.00 0.00 0.00 0.00

8.33 59,482.80 18.34 105,330.00 36.94 80,680.20 21.14

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

0.00 0 0.00 0 0.00 0 0.00

0.00 0.00 0.00 0.00

3.79 26,658.30 8.22 12,574.00 4.41 22,191.20 5.82

2.51 10,788.30 3.33 8,261.20 2.90 10,975.90 2.88

0.13 2,805.00 0.86 2,805.00 0.98 360.00 0.09

0.43 9,667.50 2.98 765.7 0.27 10,646.20 2.79

0.51 625.6 0.19 256.9 0.09 239.1 0.060.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

0.25 2,872.10 0.89 567.1 0.20 53.3 0.01

0.04 100.2 0.03 81.9 0.03 83.3 0.02

0.00 0.00 0.00 0.00

5.57 37,307.00 11.50 6,290.00 2.21 14,254.70 3.74

0.00 0.00 0.00 0.00

0.85 5,306.80 1.64 16,051.00 5.63 13,076.60 3.43

0.00 0.00 0.00 0.00

22.59 101,240.90 31.21 231,890.90 81.33 299,631.70 78.52

3.72 38,331.70 11.82 41,213.40 14.45 87,433.20 22.91

10.22 32,946.40 10.16 109,506.00 38.41 113,120.30 29.64

8.62 29,871.10 9.21 81,100.70 28.44 99,024.60 25.95

0.03 91.70 0.03 70.80 0.02 53.60 0.01

0.00 0.00 0.00 0.00

29.95 91,289.00 28.15 101,404.40 35.56 125,718.30 32.94

0.04 69.3 0.02 860.8 0.30 0.00

0.00 0.00 0.00 0.00

82.85 358,768.60 110.61 757,230.10 265.57 879,856.20 230.56


3/17

Mar-12

12 mths

Common Size Average Projected Figures

519,533.70 100 100 483692.045

747,503.90 143.880 113.2 547539.282394,081.60 75.853 58.08398 280947.585

0.000 0 0.000

353,422.30 68.027 55.116 266591.696

125,868.30 24.227 16.60181 80301.653

17,724.60 3.412 2.691614 13019.124

38,043.30 7.323 7.247827 35057.163

168,721.50 32.476 27.74235 134187.517

1,334.20 0.257 0.271971 1315.502

1,730.40 0.333 0.560426 2710.738

0.000 0 0.000

117,288.60 22.576 18.96129 91714.250

0.000 0 0.000

0.00 0.000 0 0.000

0.000 0 0.000

0 0.000 0 0.000

0.000 0 0.000

25,442.60 4.897 5.91174 28594.616

13,773.70 2.651 3.21949 15572.416

360 0.069 0.403556 1951.969

11,226.70 2.161 1.721035 8324.510

155 0.030 0.326175 1577.6810.000 0 0.000

0.000 0 0.000

8.10 0.002 0.277835 1343.867

80.9 0.016 0.036351 175.826

0.000 0 0.000

14,872.30 2.863 6.365893 30791.319

0.000 0 0.000

27,596.40 5.312 3.032685 14668.858

0.000 0 0.000

349,948.20 67.358 53.24236 257529.083

109,479.30 21.073 13.85762 67028.215

140,705.10 27.083 21.98452 106337.372

99,695.60 19.189 17.37938 84062.680

68.20 0.013 0.020843 100.815

0.000 0 0.000

160,469.20 30.887 32.02601 154907.246

0.000 0.075618 365.759

0.000 0 0.000

1,034,167.30 199.057 168.3657 814371.508


4/17

Consolidated Liabilities Summary

Tata Motors Ltd. Mar-07 Mar-08


- Common Size

Sales 154,209.00 100 310,007.10

Shareholder's funds 60,911.70 39.50 76,837.90

Share capital 0.00Paid up equity capital 3,828.20 2.48 3,853.60

Forfeited equity capital 0.5 0.00 0.5

Paid up preference capital 0.00

Capital contribution, suspense & appln. money 0.00

Convertible warrants 0.00

0.00

Minority interest reserves 1,739.30 1.13 2,499.60

Reserves and funds 57,486.00 37.28 73,362.60

Free reserves 30,331.70 19.67 44,087.80

Specific reserves 26,890.40 17.44 29,015.30

Revaluation reserves 263.9 0.17 259.5

Accumulated losses 0.00

0.00

Borrowings 33,791.40 21.91 73,019.00

Bank borrowings 6,685.40 4.34 32,925.40

Short term bank borrowings 6,685.40 4.34 32,925.40

Long term bank borrowings 0.00

Secured financial institutions borrowings 261 0.17 15,250.00

Central & state govt. (usually sales tax deferrals) 0.00

Debentures and bonds 755 0.49 755

Convertible debentures 0.00Non-convertible 755 0.49 755

Fixed deposits 0.00

Foreign borrowings 24,993.50 16.21 21,853.20

External commercial borrowings 19,046.20 12.35 21,853.20

Of which : euro convertible bonds 0.00

Foreign suppliers' credit 0.00

Borrowings from corporate bodies 42.5 0.03 42.5

Group and associate cos. 0.00

Borrowings from promoters and directors 0.00

Commercial paper 0.00 1,400.00

Hire purchase loans 0.00

Interest accrued and due 0.00

Deferred credit 869.8 0.56 732.8

Other borrowings 184.2 0.12 60.1

0.00

Deferred tax liability 8,804.60 5.71 10,794.50

0.00

Current liabilities & provisions 78,190.70 50.70 93,308.30

Sundry creditors 30,602.10 19.84 48,723.30


5/17

Acceptances 29,502.30 19.13 24,461.10

Deposits & advances from customers,etc. 4,025.30 2.61 3,441.70

Interest accrued but not due 193.6 0.13 268.9

Share application money and advances - 0.00

oversubscribed and refundable amount 0.00

Other current liabilities 113.30 0.07 108.90

Provisions 13,754.10 8.92 16,304.400.00

Total liabilities 183,840.70 119.22 256,838.10

0.00

Contingent liabilities 29,717.70 19.27 59,491.40

0.00

Memorandum 0.00

Authorised equity capital 4,100.00 2.66 4,500.00

Issued equity capital 3,828.30 2.48 3,853.70


6/17

Mar-09 Mar-10 Mar-11

12 mths 12 mths 12 mths

Common Size Common Size Common Size Common Size

100 324,347.80 100 285,132.80 100 381,618.70 100

24.79 86,650.80 26.72 57,438.10 20.14 82,119.00 21.52

0.00 0.00 0.00 0.001.24 3,854.90 1.19 5,140.00 1.80 5,705.50 1.50

0.00 0.5 0.00 0.5 0.00 0.5 0.00

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

0.81 4,683.10 1.44 4,030.30 1.41 2,135.10 0.56

23.66 83,119.80 25.63 54,265.90 19.03 78,270.30 20.51

14.22 58,509.50 18.04 40,751.80 14.29 45,829.10 12.01

9.36 24,355.20 7.51 27,943.20 9.80 40,762.40 10.68

0.08 255.1 0.08 1,107.50 0.39 1,857.30 0.49

0.00 0.00 15,536.60 5.45 10,178.50 2.67

0.00 0.00 0.00 0.00

23.55 115,848.70 35.72 349,738.50 122.66 351,923.60 92.22

10.62 51,307.20 15.82 249,591.70 87.54 146,280.00 38.33

10.62 51,307.20 15.82 239,676.70 84.06 134,757.30 35.31

0.00 0.00 9,915.00 3.48 11,522.70 3.02

4.92 15,850.00 4.89 15,765.00 5.53 18,957.40 4.97

0.00 0.00 0.00 0.00

0.24 7,877.00 2.43 9,172.00 3.22 54,172.00 14.20

0.00 0.00 0.00 0.000.24 7,877.00 2.43 9,172.00 3.22 54,172.00 14.20

0.00 0.00 12,324.70 4.32 31,734.50 8.32

7.05 38,621.70 11.91 45,223.90 15.86 64,626.50 16.93

7.05 36,610.30 11.29 45,223.90 15.86 64,626.50 16.93

0.00 36,610.30 11.29 45,223.90 15.86 41,618.60 10.91

0.00 0.00 0.00 0.00

0.01 512.3 0.16 2,090.00 0.73 940 0.25

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

0.45 1,196.00 0.37 15,485.50 5.43 29,250.00 7.66

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

0.24 484.5 0.15 85.7 0.03 0.00

0.02 0 0.00 0 0.00 5,963.20 1.56

0.00 0.00 0.00 0.00

3.48 15,051.30 4.64 22,853.10 8.01 24,612.90 6.45

0.00 0.00 0.00 0.00

30.10 136,210.30 42.00 321,201.80 112.65 417,208.30 109.33

15.72 67,815.50 20.91 185,190.20 64.95 221,875.40 58.14


7/17

7.89 41,315.10 12.74 42,395.50 14.87 71,842.90 18.83

1.11 3,341.90 1.03 3,407.30 1.19 17,765.80 4.66

0.09 371.3 0.11 894.1 0.31 2,327.20 0.61

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

0.04 112.80 0.03 7,914.50 2.78 26,962.00 7.07

5.26 23,253.70 7.17 81,400.20 28.55 76,435.00 20.030.00 0.00 0.00 0.00

82.85 358,768.60 110.61 757,230.10 265.57 879,856.20 230.56

0.00 0.00 0.00 0.00

19.19 85,609.60 26.39 107,660.00 37.76 91,953.70 24.10

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

1.45 4,500.00 1.39 9,000.00 3.16 9,000.00 2.36

1.24 3,855.00 1.19 5,140.10 1.80 5,705.60 1.50


8/17

Mar-12

12 mths

Common Size Average Projected Figures

519,533.70 100 100 613432.1428

190,268.40 36.62 28.214 173076.35

0.00 0.000 0.006,346.00 1.22 1.572 9644.46

0.5 0.00 0.000 1.07

0.00 0.000 0.00

30.6 0.01 0.001 6.02

0.00 0.000 0.00

0.00 0.000 0.00

2,466.00 0.47 0.971 5956.08

185,337.60 35.67 26.964 165407.13

112,788.80 21.71 16.657 102178.22

71,102.50 13.69 11.412 70006.42

1,446.30 0.28 0.248 1520.27

0.00 1.353 8297.78

0.00 0.000 0.00

327,914.10 63.12 59.863 367218.78

123,214.80 23.72 30.060 184395.49

110,439.00 21.26 28.567 175239.15

12,775.80 2.46 1.493 9156.34

31,169.70 6.00 4.412 27064.02

0.00 0.000 0.00

62,749.50 12.08 5.442 33382.79

0.00 0.000 0.0062,749.50 12.08 5.442 33382.79

32,923.50 6.34 3.163 19400.13

50,523.20 9.72 12.947 79423.62

50,523.20 9.72 12.201 74846.61

26,366.00 5.07 7.188 44094.27

0.00 0.000 0.00

570 0.11 0.215 1317.08

0.00 0.000 0.00

0.00 0.000 0.00

24,320.30 4.68 3.100 19013.55

0.00 0.000 0.00

0.00 0.000 0.00

0.00 0.163 1001.79

2,443.10 0.47 0.362 2220.31

0.00 0.000 0.00

42,234.30 8.13 6.071 37241.26

0.00 0.000 0.00

469,838.20 90.43 72.535 444951.69

266,847.80 51.36 38.487 236091.59


9/17

53,890.30 10.37 13.971 85703.74

19,672.00 3.79 2.398 14709.77

5,081.70 0.98 0.371 2278.17

0.00 0.000 0.00

0.00 0.000 0.00

25,654.70 4.94 2.487 15256.36

98,691.70 19.00 14.820 90912.070.00 0.000 0.00

1,034,167.30 199.06 167.977 1030426.48

0.00 0.000 0.00

119,120.90 22.93 24.940 152987.67

0.00 0.000 0.00

0.00 0.000 0.00

9,000.00 1.73 2.124 13030.15

6,346.10 1.22 1.572 9644.67


10/17

Maruti Suzuki India Ltd. Mar-07 Mar-08


- Common Size

Total income 154,209.00 179,220.00

Sales 151,252.00 100.00 174,580.00

Industrial sales 140,118.00 92.64 162,892.00

Income from non-financial services 11,134.00 7.36 11,688.00Income from financial services 1,889.00 1.25 3,026.00

Interest income 1,069.00 0.71 1,109.00

Dividends 720.00 0.48 1,528.00

Income from treasury operations 100.00 0.07 389.00

Other income 942.00 0.62 1,155.00

Prior period and extra-ordinary income 126.00 0.08 459.00

Change in stock 2,360.00 1.56 -2,431.00

0.00

Total expenses 144,678.00 95.65 161,169.00

Operating expenses 135,540.00 89.61 150,943.00

Raw materials, stores & spares 89,675.00 59.29 102,471.00

Purchase of finished goods 4,644.00 3.07 6,159.00

Packaging and packing expenses 0.00

Power, fuel & water charges 794.00 0.52 1,336.00

Compensation to employees 2,287.00 1.51 2,927.00

Indirect taxes 27,375.00 18.10 25,101.00

Royalties, technical know-how fees, etc. 2,544.00 1.68 3,673.00

Rent & lease rent 61.00 0.04 65.00

Repairs & maintenance 589.00 0.39 438.00

Insurance premium paid 63.00 0.04 65.00

Outsourced manufacturing jobs 0.00Outsourced professional jobs 6.20 0.00 6.60

Directors' fees 0.00

Selling & distribution expenses 3,560.00 2.35 4,999.00

Travel expenses 0.00

Communications expenses 0.00

Printing & stationery expenses 0.00

Miscellaneous expenditure 1,849.80 1.22 2,930.40

Other operational exp. of industrial ent 0.00

Other operational exp. of non-fin. services ent 2,092.00 1.38 772.00

Share of loss in other enterprises 0.00

Financial charges 604.00 0.40 470.00

Fee based financial services expenses 0.00

Fund based financial services expenses 604.00 0.40 470.00

Interest paid 204.00 0.13 376.00

Financial charges on instruments 0.00

Total provisions 10 0.01

0.00

Non-cash charges 2,695.00 1.78 2,574.00

Depreciation 2,854.00 1.89 2,714.00


11/17

Amortisation 0.00

Prior period and extra-ordinary expenses 220 0.15 129

Provision for direct tax 5,609.00 3.71 7,053.00

0.00

Profit after tax 11,891.00 7.86 15,620.00

0.00

PBDITA 20,558.00 13.59 25,763.00PBDTA 20,354.00 13.46 25,387.00

PBT 17,500.00 11.57 22,673.00


12/17

Mar-09 Mar-10

12 mths 12 mths

Common Size Common Size Common Size

219,513.00 243,019.00

100.00 212,212.00 100.00 234,337.00 100.00

93.31 200,709.00 94.58 220,075.00 93.91

6.69 11,503.00 5.42 14,262.00 6.091.73 4,264.00 2.01 5,386.00 2.30

0.64 1,393.00 0.66 1,809.00 0.77

0.88 1,668.00 0.79 1,440.00 0.61

0.22 1,203.00 0.57 2,137.00 0.91

0.66 2,167.00 1.02 2,290.00 0.98

0.26 870.00 0.41 1,006.00 0.43

-1.39 3,363.00 1.58 -3,566.00 -1.52

0.00 0.00 0.00

92.32 205,568.00 96.87 227,266.00 96.98

86.46 191,321.00 90.16 213,620.00 91.16

58.70 131,786.00 62.10 153,296.00 65.42

3.53 7,771.00 3.66 7,256.00 3.10

0.00 0.00 0.00

0.77 2,047.00 0.96 2,845.00 1.21

1.68 3,626.00 1.71 4,409.00 1.88

14.38 31,569.00 14.88 26,846.00 11.46

2.10 4,952.00 2.33 6,791.00 2.90

0.04 72.00 0.03 218.00 0.09

0.25 552.00 0.26 569.00 0.24

0.04 73.00 0.03 66.00 0.03

0.00 0.00 0.000.00 7.80 0.00 11.60 0.00

0.00 0.00 0.00

2.86 5,602.00 2.64 7,382.00 3.15

0.00 0.00 0.00

0.00 0.00 0.00

0.00 0.00 0.00

1.68 3,055.20 1.44 3,700.40 1.58

0.00 208 0.10 230 0.10

0.44 0.00 0.00

0.00 0.00 0.00

0.27 596.00 0.28 2,352.00 1.00

0.00 0.00 0.00

0.27 596.00 0.28 2,352.00 1.00

0.22 596.00 0.28 510.00 0.22

0.00 0.00 0.00

0.00 26.00 0.01 47.00 0.02

0.00 0.00 0.00

1.47 5,879.00 2.77 6,551.00 2.80

1.55 5,682.00 2.68 7,065.00 3.01


13/17

0.00 0.00 0.00

0.07 113 0.05 125 0.05

4.04 7,633.00 3.60 4,571.00 1.95

0.00 0.00 0.00

8.95 17,308.00 8.16 12,187.00 5.20

0.00 0.00 0.00

14.76 31,219.00 14.71 24,333.00 10.3814.54 30,623.00 14.43 23,823.00 10.17

12.99 24,941.00 11.75 16,758.00 7.15


14/17

Mar-11 Mar-12

12 mths 12 mths

Common Size Common Size Average

331,273.00 420,107.00

322,336.00 100.00 409,653.00 100 100.00

302,797.00 93.94 385,520.00 94.11 93.75

19,539.00 6.06 24,133.00 5.89 6.254,998.00 1.55 5,665.00 1.38 1.70

2,147.00 0.67 1,723.00 0.42 0.64

1,560.00 0.48 2,111.00 0.52 0.63

1,291.00 0.40 1,831.00 0.45 0.44

3,410.00 1.06 4,240.00 1.04 0.90

529.00 0.16 549.00 0.13 0.25

2,009.00 0.62 732.00 0.18 0.17

0.00 0.00 0.00

308,306.00 95.65 397,953.00 97.14 95.77

289,270.00 89.74 380,475.00 92.88 90.00

218,173.00 67.68 277,322.00 67.70 63.48

9,050.00 2.81 12,782.00 3.12 3.21

0.00 0.00 0.00

3,421.00 1.06 3,553.00 0.87 0.90

4,914.00 1.52 6,273.00 1.53 1.64

29,024.00 9.00 43,913.00 10.72 13.09

10,168.00 3.15 18,925.00 4.62 2.80

155.00 0.05 155.00 0.04 0.05

657.00 0.20 848.00 0.21 0.26

70.00 0.02 78.00 0.02 0.03

0.00 0.00 0.0010.70 0.00 9.70 0.00 0.00

0.00 0.00 0.00

9,160.00 2.84 9,600.00 2.34 2.70

0.00 0.00 0.00

0.00 0.00 0.00

0.00 0.00 0.00

4,251.30 1.32 6,591.30 1.61 1.47

216 0.07 425 0.10 0.06

0.00 0.00 0.30

0.00 0.00 0.00

515.00 0.16 303.00 0.07 0.36

0.00 0.00 0.00

515.00 0.16 303.00 0.07 0.36

335.00 0.10 244.00 0.06 0.17

0.00 0.00 0.00

7.00 0.00 0.00 0.01

0.00 0.00 0.00

7,468.00 2.32 8,894.00 2.17 2.22

8,250.00 2.56 10,135.00 2.47 2.36


15/17

0.00 0.00 0.00

97 0.03 79 0.02 0.06

10,949.00 3.40 8,202.00 2.00 3.12

0.00 0.00 0.00

24,976.00 7.75 22,886.00 5.59 7.25

0.00 0.00 0.00

44,510.00 13.81 41,467.00 10.12 12.9044,175.00 13.70 41,223.00 10.06 12.73

35,925.00 11.15 31,088.00 7.59 10.37


16/17

Projected Figures

483692.0446

453448.756

30243.288628241.593512

3109.386586

3023.927789

2108.279137

4333.629119

1196.021599

832.5723325

0

463227.67

435328.2782

307050.9138

15546.18371

0

4351.22608

7928.180688

63309.65462

13536.59136

234.1411157

1252.813321

146.8857138

017.8907223

0

13053.4864

0

0

0

7133.022531

295.7950993

1471.49306

0

1762.913424

0

1762.913424

816.0096209

0

33.12614467

0

10729.92011

11421.09095


17/17

0

302.559293

15070.87289

0

35068.19114

0

62376.1646161560.15499

50139.06403

Forecasting Maruti Suzuki.xlsx

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