OPTO-CIRCUITS FSAFINANCIAL STATEMENT ANALYSIS OF OPTO-CIRCUITS 2008-092009-102010-112011-122012-13LIQUIDITY RATIO1.CURRENT RATIOCURRENT ASSETS(In Rs. Lakhs.)50802.3262344.9380422.51139375.51196354.82CURRENT LIABILITIES(In Rs. Lakhs.)35752.9845471.6183302.8578447.3102095.77CURRENT RATIO1.421.370.971.781.922.QUICK RATIOQUICK ASSETS(In Rs. Lakhs.)40835.4450810.4255901.07112830.78160302.1QUICK LIABILITIES(In Rs. Lakhs.)35752.9845471.6183302.8578447.3102095.77QUICK RATIO1.141.120.671.441.57

CASH RATIOCASH+CASH EQUIVALENT(In Rs. Lakhs.)8057.1511083.831174.64559.74216.03CURRENT LIABILITIES(In Rs. Lakhs.)35752.9845471.6183302.8578447.3102095.77CASH RATIO0.2250.2440.0140.0580.002

SOLVENCY RATIO1.DEBT EQUITY RATIODEBT(In Rs. Lakhs.)51352.89194601.5572400.7665748.5581,353.37EQUITY(In Rs. Lakhs.)40198.3886131.83106283.18121310.82145415.20DEBT EQUITY RATIO1.282.260.680.540.562.INTEREST COVERAGEPBIT(In Rs. Lakhs.)28656.9229576.6827198.1127462.5226687.62INTEREST(In Rs. Lakhs.)13060.8514398.622710.753665.481982.33INTEREST COVERAGE2.192.0510.037.4913.46

PROPRIETARY FUND RATIOPROPRIETARY FUND (In Rs. Lakhs.)16146.9118298.95177961.12186235.7225493.86TOTAL ASSETS(In Rs. Lakhs.)106576.3122263.33204398.67200558.52247511.61PROPRIETARY FUND RATIO0.150.150.870.930.91

PROFITABLITY RATIOS1.GROSS PROFIT RATIOSALES(In Rs. Lakhs.)40123.1447149.6760320.2766974.1769925.35COGS(In Rs. Lakhs.)22656.524179.9834417.2836809.4940130.24GROSS PROFIT RATIO43.53%48.72%42.94%45.04%42.61%2.OPERATING PROFIT RATIOOPERATING PROFIT(PBIT)(In Rs. Lakhs.)28656.9229576.6825198.1127462.5226687.62SALES(In Rs. Lakhs.)40123.1447149.6760320.2766974.1769925.35OPERATING PROFIT RATIO71.42%62.73%41.77%41.00%38.17%3.PBDIT RATIOPBDIT(In Rs. Lakhs.)28944.8429886.3927788.7328067.7127348.77SALES(In Rs. Lakhs.)40123.1447149.6760320.2766974.1769925.35PBDIT RATIO72.14%63.39%46.07%41.91%39.11%4.NET PROFIT RATIONET PROFIT AFTER TAX(In Rs. Lakhs.)13993.3514703.5824104.3723476.5424104.37SALES(In Rs. Lakhs.)40123.1447149.6760320.2766974.1769925.35NET PROFIT RATIO34.88%31.18%39.96%35.05%34.47%

RETURN RATIOS1.RETURN ON CAPITAL EMPLOYED(ROCE)EBIT(In Rs. Lakhs.)9976.3212899.9922212.482793527576CAPITAL EMPLOYED(In Rs. Lakhs.)105591.2178683.94204398.67122111.22145415.83ROCE9.45%7.22%10.87%22.88%18.96%2.RETURN ON EQUITY(ROE)PAT(In Rs. Lakhs.)13993.3514703.5824104.3723476.5424104.37NET WORTH(In Rs. Lakhs.)40198.3886131.83106283.17121310.82145415.2ROE34.81%17.07%22.68%19.35%16.58%3.RETURN ON TOTAL ASSETS(ROTA)PAT(In Rs. Lakhs.)13993.3514703.5824104.3723476.5424104.37TOTAL ASSETS(In Rs. Lakhs.)106576.3122263.33204398.67200558.52247511.61ROTA13.13%12.03%11.79%11.71%9.74%

TURNOVER RATIOS1.ASSETS TURNOVERSALES(In Rs. Lakhs.)40123.1447149.6760320.2766974.1769925.35TOTAL ASSETS(In Rs. Lakhs.)106576.3122263.33204398.67200558.52247511.61ASSETS TURNOVER 0.380.390.300.330.282.FIXED ASSETS TURNOVERSALES(In Rs. Lakhs.)40123.1447149.6760320.2766974.1769925.35FIXED ASSETS(In Rs. Lakhs.)3974.268118.528048.837518.2112218.85FIXED ASSETS TURNOVER10.105.817.498.915.72

POLYMED FSAFINANCIAL STATEMENT ANALYSIS OF POLYMED (Competitor) 1Liquidity RatioPOLYMED2010-112011-122012-13Current RatioCurrent Assets / Current LiabilitiesCurrent Assets6484.968086.059437.77Current Liabilities5706.516084.126759.121.141.331.40

Acid Test ( Quick Test)Quick Asset/ Quick LiabilityQuick assetCurrent assets - (Inventory + Pre payments)2756.624095.25022.39Inventory2526.663009.93536.22Pre-payments1201.68980.95879.16Quick LiabilityCurrent Liability5706.516084.126759.120.48306583180.67309652010.74305382952SOLVENCY RATIOSDebt Equity RatioDebt/ Equity Loans Funds4065.742734.23443.78Borrowed Fund/ Total FundShareholder's Funds7806.479350.1311245.880.520.290.31

Proprietary Fund RatioNet Worth/ Total AssetsNet WorthShareholder's Funds7806.479350.1311245.88Total assets12200.1218174.6121448.570.63986829640.51446110810.5243184044

Interest Coverage RatioPBIT / Interest ChargesPBITPBT + interest Charges2837.313579.33897.08Interest Cahrges450.79695.47591.996.29408371975.14659151376.5830166053PROFITABILITY RATIOSEBITDA as % of SalesEBITDA/SALESEBITDA3779.674753.315193.94SALES17,465.4221,978.3426,398.850.21640876660.21627247550.196748722

EBIT as % of SalesEBIT/ SALESEBIT2837.313579.33897.08SALES17,465.4221,978.3426,398.850.16245300710.16285579350.1476230972

Net Profit MarginPROFIT AFTER TAX/SALESPROFIT AFTER TAX2161.491921.142327.51SALES17,465.4221,978.3426,398.8512%9%9%

Earnings Per ShareBasic / Diluted19.6317.6821.79

4RETURN RATIOSReturn on Capital EmployedEBIT/CAPITAL EMPLOYEDEBIT2837.313579.33897.08CAPITAL EMPLOYEDTotal Assets Current Liabilities11,966.9514,689.4511,415.4923.71%24.37%34.14%

Return on EquityPROFIT AFTER TAX/ NET WORTHPROFIT AFTER TAX2161.491921.142327.51Net Worth7806.479350.1311245.8827.69%20.55%20.70%5TURNOVER RATIOSFixed Asset Turnover (No Of Times)NET SALES/FIXED ASSETSNET SALES17,465.4221,978.3426,398.85FIXED ASSETS8171.1210088.5612010.82.142.182.20

Asset Turnover RatioSALES/ TOTAL ASSETSNET SALES17,465.4221,978.3426,398.85TOTAL ASSETS12200.1218174.6121448.571.431.211.23

Inventory Turnover RatioSALES/INVENTORYSALES17,465.4221,978.3426,398.85INVENTORY2526.663009.903536.226.917.307.47

COMMON SIZE ANALYSISCOMMON SIZE ANALYSISOPTO-CIRCUITSPOLYMEDIncomeNet Sales69925.35100.33%25975.3999.89%Other Income-227.27-0.33%28.080.11%Total Income69698.08100.00%26003.47100.00%

ExpenditureManufacturing Expenses40130.2457.58%8165.531.40%Administartive & Selling Expenses2219.073.18%4227.1516.26%Financial expenses2200.263.16%501.081.93%Other Expenses661.150.95%7915.830.44%Total Expenses45210.7264.87%20809.5380.03%

PBDIT27348.7739.24%5193.9419.97%Interest2200.263.16%591.992.28%PBDT25148.5136.08%4601.9517.70%Depreciation661.150.95%1296.864.99%PBT24487.3635.13%3305.0912.71%Tax382.990.55%977.583.76%PAT24104.3734.58%2327.518.95%