ANNEXURE

BIRLA SUN LIFE

Balance sheet
Mar 12

Mar 11

Mar 10

Mar 09

Mar 08

195.72

97.86

97.86

97.86

48.93

100.00

100.00

100.00

14.820.90

13,248.39

10,806.95

7,961.13

5,560.40

29.25
6.49

32.63
7.74

9.27
8.98

41.76
8.98

26.52
8.98

15,152.36

13,486.62

11,023.06

8,109.73

5,644.83

4,871.21
-

4,359.24
-

3,240.64
-

2,315.36
-

1,695.13
-

2,110.69

1,690.16

1,300.11

854.75

525.35

2,760.52
940.72

2,669.08
685.13

1,940.08
889.72

1,460.61
757.85

1,169.78
208.00

Current assets,
loans &
advances
Less : current
liabilities &
provisions

10,837.08

9,250.79

7,396.46

5,294.74

4,011.31

3,557.73

4,196.38

3,683.46

2,639.23

2,231.53

Total net

3,57.73

4,196.38

3.683.46

2,639.23

2,231.53

Sources of
funds
Owners fund
Equity share
capital
Share
application
money
Preference
share capital
Reserves &
surplus

Loan funds
Secured loans
Unsecured
loans
Total

Uses of funds
Fixed assets
Gross block
Less :
revaluation
reserve
Less
:accumulated
depreciation
Net block
Capital workin-progress
Investments

Net currents
assets

current assets
Miscellaneous expenses not
written
Total
Notes :
Books value of
unquoted
investments
Market value
of quoted
investments
Contingent
liabilities
Number of
equity shares
outstanding (
lacs)

15,152.36

13,486.62

11,.23.06

8,109.73

5,644.83

7,509.85

5,992.44

4,095.69

2,852.58

1,583.63

1,041.76

251.41

661.29

957.53

416.10

3,292.50

2,924.33

2,726.11

3,03.25

851.64

19572.21

9786.10

9786.10

9786.10

4896.05

Capital structure
From year

To year

2010

2011

2009

2010

2008

2009

Class of
share
Equity
share
Equity
share
Equity
share

Authorized
Issued
capital
capital
225.00
195.72

Paid up
Paid up
shares
face value
1957220996 1

Paid up
capital
195.72

120.00

97.86

978610498

97.86

120.00

97.86

978610498

97.86

Ratios

Per share
ratios
Adjusted EPS (
RS )
Adjusted cash
EPS ( RS )
Reported EPS (
RS )
Reported cash
EPS ( RS )
Dividend per
share
Operating
profit per
share ( RS )
Book value (
excl rev res )
per share
Book value (

Mar12

Mar11

Mar10

Mar09

Mar08

28.97

56.01

43.64

37.10

57.65

31.37

60.28

48.33

40.60

62.91

28.62

47.92

46.07

38.39

55.52

31.02

52.18

50.76

41.90

60.79

20.00

14.00

14.00

11.50

13.50

34.06

61.52

51.35

43.95

68.21

76.72

136.38

111.43

82.35

111.64

76.72

136.38

111.43

82.35

111.64

incl rev res )

per share ( RS.)
Net operating
income per
share ( RS )
PROFITABILITY
RATIO
Operating
margin ( % )
Gross profit
margin ( % )
Net profit
margin
Adjusted cash
margin ( % )
Adjusted
return on net
worth ( % )
Reported
return on net
worth ( % )
Returns on
long term
funds ( % )
Leverage
ratios
Long term debt
/ Equity

117.24

134.37

110.22

80.25

113.86

28.93

26.87

27.11

28.79

29.71

26.89

25.01

24.64

26.49

27.42

24.13

20.74

24.11

25.00

24.05

26.44

26.09

25.29

26.44

27.25

37.75

41.06

39.16

45.04

50.28

37.30

35.13

41.34

46.62

48.43

42.46

43.27

42.96

50.12

55.97

0.01

0.01

0.01

Total
debt/equity
Owners fund
as % of total
source
Fixed asset
turnover ratio
Liquidity ratios
Current ratio
Current ratio (
inc. st loans )
Quick ratio
Inventory
turnover ratio
Payout ratios
Dividend
payment ratio
( net profit )
Dividend
payment ratio
( cash profit )
Earning
retention ratio
Cash earnings
retention ratio
Coverage ratio
Adjusted cash
flow time total
debt
Financial
charges
coverage ratio
Fin. Charges

Mar12
0.01

Mar11
0.01

Mar10
0.01

Mar09
0.01

Mar08
0.01

99.10

98.95

98.92

99.37

99.37

4.74

5.15

5.74

6.49

6.68

1.49
1.49

1.83
1.83

1.99
1.98

1.99
1.93

2.24
2.19

1.48
3,398.94

1.83
1,321.77

1.97
1,137.21

1.98
1,412.30

2.22
536.84

81.61

34.20

35.55

34.46

27.72

75.30

31.41

32.26

31.57

25.32

19.37

70.74

62.47

64.34

73.30

25.53

72.81

66.11

67.42

75.53

0.01

0.01

0.01

0.01

723.63

840.52

1,527.73

1,279.26

757.67

69.14

688.32

1,453.50

1,196.54

663.42

cov. Ratio
(post tax)
Component
ratio
Material cost
component (%
earnings )
Selling cost
component
Exports as
percent of
total sales
Import comp.
in raw mat.
consumed

0.10

0.23

0.24

0.14

1.43

0.03

0.09

0.14

0.20

0.10

92.38

93.01

90.51

92.38

90.17

78.67

79.74

80.43

70.79

80.37

Sources of
funds
Equity share
capital

MAX NEW YORK

BALANCE SHEET

Sources of
funds
Owners fund
Equity share
capital
Share
application
money
Preference
share capital
Reserves &
surplus
Loan funds
Secured loans
Unsecured
loans
Total
Uses of funds
Fixed assets
Gross block
Less :
revaluation
reserve
Less
:accumulated
depreciation
Net block
Capital workin-progress
Investments

Mar 12

Mar 11

Mar 10

Mar 09

Mar 08

122.30

121.70

121.40

121.22

20.80

0.20

0.14

2,744.20

1,759.20

1,107.00

756.76

577.06

1,517.70
617.20

95.00

10.01
42.64

5,001.60

1,88.90

1,323.40

930.78

597.86

1,112.80
-

896.20
-

550.50
-

442.75
-

306.95
-

518.80

406.10

259.60

195.72

150.16

594.00
320.80.65

490.10
154.10

290.90
138.50

247.04
54.65

156.80
19.33

3,113.90

453.50

298.60

283.21

294.75

1,807.80

1,654.10

1,488.00

984.00

525.04

834.90

870.90

892.60

638.12

398.06

Net currents
assets
Current assets,
loans &
advances
Less : current

liabilities &
provisions
972.90
Total net
current assets
Miscellaneous expenses not
written

783.20

595.40

345.88

126.99

Total
Notes :
Books value of
unquoted
investments
Market value
of quoted
investments
Contingent
liabilities
Number of
equity shares
outstanding (
lacs)

5,001.60

1,880.90

1,323.40

930.78

597.86

3,113.90

453.50

298.60

283.21

294.75

335.50

138.70

169.50

136.38

46.43

1223.20

1217.34

1213.63

1212.17

1124.41

CAPITAL STRUCTURE

From year

To year

2010

2011

2009

2010

2008

2009

2007

2008

Class of
share
Equity
share
Equity
share
Equity
share
Equity
share

Authorized
Issued
capital
capital
175.00
122.32

Paid up
Paid up
shares
face value
122320114 10

Paid up
capital
122.32

175.00

121.73

121733634 10

121.73

175.00

121.36

121362869 10

121.36

175.00

121.22

121216701 10

121.22

Ratios
Per share
ratios
Adjusted EPS (
RS )
Adjusted cash
EPS ( RS )
Reported EPS (
RS )
Reported cash
EPS ( RS )
Dividend per
share
Operating
profit per
share ( RS )
Book value (
excl rev res )

Mar12

Mar11

Mar10

Mar09

Mar08

56.90

86.69

55.91

49.49

17.92

67.52

95.51

61.98

53,31

21.24

60.73

81.05

26.84

5.38

19.58

71.35

89.87

32.90

9.20

22.90

3.50

4.00

5.50

2.30

8.80

89.40

102.71

69.16

59.47

22.90

234.34

154.51

101.22

72.43

53.17

per share
Book value (
incl rev res )
per share ( RS.)
Net operating
income per
share ( RS )
PROFITABILITY
RATIO
Operating
margin ( % )
Gross profit
margin ( % )
Net profit
margin
Adjusted cash
margin ( % )
Adjusted
return on net
worth ( % )
Reported
return on net
worth ( % )
Returns on
long term
funds ( % )
Leverage
ratios

234.34

154.51

101.22

72.43

53.17

366.56

357.98

297.02

227.13

106.47

24.38

28.69

23.28

26.18

21.51

21.49

28.69

23.28

26.18

21.51

16.43

22.54

9.01

2.35

18.20

18.27

26.56

20.80

23.34

19.75

24.28

56.10

55.24

68.32

33.69

25.91

52.45

26.51

7.42

36.81

21.57

61.76

63.15

78.53

38.82

Long term
debt/Equity
Total
debt/equity
Owners fund
as % of total
source
Fixed assets
turnover ratio
Liquidity ratios
Current ratio
Current ratio
(inc. st loans)
Quick ratio
Inventory
turnover ratio
Payment ratio
Dividend
payment ratio
(net profit)
Dividend
payment ratio
(cash profit)
Earning
retention ratio
Coverage
ratios
Adjusted cash
flow time total
debt
Financial
charges
coverage ratio
Fin. Charges
cov. Ratio (

0.61

0.74

0.07

0.05

57.31

100.00

92.82

94.34

100.00

4.06

4.90

6.55

6.22

3.90

2.17
1.50

1.90
1.90

1.67
1.51

1.54
1.40

1.32
1.32

2.14
3,202.71

1.88
3,352.15

1.67
-

1.54
-

1.32
-

6.74

5.78

23.97

46.52

53.83

5,74

5.21

19.55

27.21

46.02

92.81

94.59

89.62

95.31

50.39

2.58

0.12

0.08

6.57

507.64

30.01

26.19

26.64

6.08

438.60

15.11

4.97

26.46

post tax )
Component
ratios
Material cost
component (%
earnings)
Selling cost
component
Exports as
percent of
total sales
Import comp.
in raw mat.
consumed
Long term
asset / total
assets
Bonus
component in
equity capital
(%)

0.21

0.22

0.56

0.90

0.37

114.33

98.19

71.12

99.28

99.91

0.68

0.39

0.32

0.37

0.47

86.13

86.56

86.77

86.90

73.07

KOTAK MAHINDRA
Balance sheet
Mar 12

Mar 11

Mar 10

Mar 09

Mar 08

293.60

293.00

292.30

291.80

285.15

1.80

1.50

58.00

3.50

7.49

17,396.80

12,220.50

11,260.40

9,025.10

6,135.30

5,530.20

5,013.90

4.00348.70
3,818.40

3,459.2023.20
214.80

45.06
5.10

23,222.40

17,528.90

15,433.10

9,558.40

6,478.10

6,761.30
-

5,743.30
-

2,282.20
-

1,645.90
-

2,364.53
-

3,105.00

2,563.70

3,656.30
991.10

3,179.60
1,311.80

2,282.20
1,335.00

1,645.90
989.50

1,118.25
612.36

8,966.50

6,895.30

4,500.10

4,348.70

3,459.20

16,545.30

13,517.20

12,058.10

6,338.40

4,076.68

6,936.80

3,375.00

4,472.30

3,764.10

2,788.39

9,608.50
Total net
current assets
Miscellaneous -

6,895.30

4,500.10

Sources of
funds
Owners fund
Equity share
capital
Share
application
money
Preference
share capital
Reserves &
surplus
Loan funds
Secured loans
Unsecured
loans
Total
Uses of funds
Fixed assets
Gross block
Less :
revaluation
reserve
Less
:accumulated
depreciation
Net block
Capital workin-progress
Investments

Net currents
assets
Current assets,
loans &
advances
Less : current
liabilities &
provisions

expenses not
written
Total
Notes :
Books value of
unquoted
investments
Market value
of quoted
investments
Contingent
liabilities
Number of
equity shares
outstanding (
lacs)

23,222.40

17,528.90

15,433.10

9,558.40

6,478.10

5,884.90

6,884.50

1,234.10

514.23

1,855.60

2,956.87

778.00

1,045.40

749.90

661.60

509.18

14682.11

14649.81

14615.00

14590.00

14257.54

Capital structure
From year

To year

2010

2011

2009

2010

2008

2009

Class of
share
Equity
share
Equity
share
Equity
share

Authorized
Issued
capital
capital
330.00
293.64

Paid up
Paid up
shares
face value
1468211189 2

Paid up
capital
293.64

330.00

293.00

1465000000 2

293.00

330.00

292.29

1461453320 2

292.29

Ratios
Per share
ratios
Adjusted EPS (
RS )
Adjusted cash
EPS ( RS )
Reported EPS (
RS )
Reported cash
EPS ( RS )
Dividend per
share
Operating
profit per
share ( RS )
Book value (
excl rev res )
per share
Book value (
incl rev res )
per share ( RS.)
Net operating
income per
share ( RS )
PROFITABILITY
RATIO
Operating
margin ( % )
Gross profit
margin ( % )
Net profit
margin (%)

Mar12

Mar11

Mar10

Mar09

Mar08

30.36

26.77

20.96

19.48

14.14

34.30

30.42

24.08

21.95

16.19

33.36

20.30

20.96

19.48

14.17

37.31

23.94

24.08

21.95

16.22

6.00

4.00

6.00

6.00

5.00

37.47

32.48

25.42

22.31

17.42

120.49

85,42

79.05

63.86

45.03

120.49

85,42

79.05

63.86

45.03

156.12

146.81

119.69

93.79

71.73

24.00

22.12

21.24

23.78

24.28

21.47

19.64

18.63

21.15

21.42

20.97

13.53

17.19

20.34

19.53

Adjusted cash
margin ( % )
Adjusted
return on net
worth ( % )
Reported
return on net
worth ( % )
Returns on
long term
funds ( % )
Leverage
ratios
Long term debt
/ Equity

21.56

20.27

19.74

22.91

22.32

25.19

31.34

26.51

30.50

31.39

27.68

23.76

26.51

30.50

31.46

30.12

37.17

23.32

33.31

35.87

0.01

0.01

0.33

0.02

Total
debt/equity
Owners fund
as % of total
source
Fixed asset
turnover ratio
Liquidity ratios
Current ratio
Current ratio
(inc. st loans)
Quick ratio
Inventory
turnover ratio
Payment
ratios
Dividend
payment ratio
(net profit )
Dividend
payment ratio
(cash profit)
Earning
retention ratio
Cash earnings
retention ratio
Coverage ratio
Adjusted cash
flow time total
debt
Financial
charges
coverage ratio
Fin. Charges
cov. Ratio
(post tax)
Component
ratios
Material cost
component (%
earnings)
Selling cost
component
Exports as
percent of

0.31

0.40

0.33

0.02

0.01

76.18

71.39

75.13

97.50

99.22

3.47

3.85

7.81

8.31

4.35

2.39
1.34

1.83
1.10

2.54
2.54

1.68
1.68

1.46
1.42

2.29
45.40

1.76
56.15

2.44
39.41

1.61
57.23

1.40
78.23

20.60

23.05

33.47

35.20

40.23

18.42

19.54

29.13

31.24

35.14

77.36

82.53

66.53

64.80

59.68

79.97

84.62

70.87

68.76

64.79

1.10

1.13

1.09

0.07

0.02

54.76

26.56

34.61

492.11

829.08

51.53

18.82

31.13

445.71

739.19

18.06

15.98

17.94

14.43

13.60

1.64

1.43

3.04

1.67

73.26

77.28

73.66

80.05

69.25

total sales
Import comp.
in raw mat.
consumed
Long term
asset / total
assets
Bonus
component in
equity capital
(%)

36.83

45.00

62.12

0.44

0.45

0.40

0.52

0.55

95.32

95.51

95.68

95.84

98.08