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EXECUTIVE SUMMARY
OBJECTIVE OF THE PROJECT
Company profile
Swot analysis
History of the company
Management Team
Detail About the Company
Main Product of the company
Awards
RESEARCH METHODOLOGY
Financial statement
Introduction
annual report
Financial statement analysis
Data Analysis
Data interpretation
Conclusion and Recommendation
Limitation
Literature review
BIBLIOGRAPHY
EXECUTIVE SUMMARY
forestry mapping, geological mapping and flood mapping. LETS also provides data
processing, quality control and data modeling services with the help of our very qualified and
experienced consortium member worldwide.
Telecom and wireless group at LETS has extensive experience in the area of construction
engineering and design (A&E services) for wireless and telecom sites and tower for major
carries across the globe. LETS have ability to provide cost- effective services that are
scalable for the entire telecom and wireless engineering and they construct life-cycle to
provide the clients the strength for their fast and optimized growth.
The company financial position provide the cost effective methods. Though,
this company will able to know the profit of and growth of the company and can easily know
their future budgets and profit margins.
To compare the working capital position of luminous with other players in the
market.
Company profile
Luminous Power Technologies (P) Limited, today a leading company delivering high quality
power products for home and commercial applications. Luminous Engineering & Technology
Services Private Limited, pronounced "Luminous ETS" is a rising organization providing
solutions in the domains of Multidisciplinary Engineering Design & Geometrics Services to
global market. It is one of the fastest growing Engineering Services off-shoring vendors in
India. Luminous ETS is a part of SAR Group. The company's group portfolio includes
Power Backup, Industrial Batteries, Renewable & Alternate Energy solutions like Solar,
Wind & Hybrid solutions, Infrastructure Solutions for IT & Telecom, Diesels Generator Sets
and Home Electrical Products.
Luminous, apart from its dominating position in the domestic market, has a strong foothold
worldwide. Luminous has been consistently winning awards & accolades for market
leadership and product reliability in domestic as well as international area. With over 3000
employees, 8 manufacturing units in India and 1 manufacturing unit in China, 28 sales offices
and more than 25000 channel partners, Luminous is strongly moving towards realizing its
vision to be a globally admired corporation in the field of packaged power, distributed power
generation, energy optimization & home electrical products.
Luminous, known for its excellent after sales service, now goes a step ahead in winning your
trust by providing a special post warranty service for inverters, batteries, and UPS and water
purifiers. This initiative ensures a complete peace of mind for our customers and takes care of
all product related worries during and after the warranty period. It's just another way of
telling our customers that 'we care'.
Luminous offers a world class range of inverters and long backup UPS which have seen the
light of the day only after going through extensive research and development worth millions
of dollars. Our undiluted focus on the dynamic power requirements of the customer has
driven us to continuously innovate and come out with technologies which have become a
benchmark for the whole industry and resulted in products offering great value to the
consumer, no doubt we are the leaders in the domestic market and strive to be a prominent
international player in the segment.
The PV modules offered by Luminous are specially designed to meet the requirements of the
market and are available in various ranges from 3W to 255W using well proven and field
tested technology of crystalline silicon solar cells. These high quality and high
Luminous policies direct at Customer end - response within 24 hours. Dealer / Distributor
level Service - Based on Pre Journey Plan
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Swot analysis
Opportunity
As There is many subsidiary of the luminous industry so its help in the growth
Strengths
and international
Company having Low cost, high skilled labour for their
Threats
There are High duties and taxes from the government which may cause slow
Because of the many competitors in this field, its growth for new product makes their
production low.
The company is not properly stabilized in the many states.
unfamiliar rural markets
Company was founded in 1988 by Mr. Rakesh Malhotra, the SAR Group is a Delhi based
group of companies which started with the marketing and distribution of DB UPS and
Standard Batteries. SAR has also handled the distribution of Lubricants for some time.
1992- Direct Sales of Luminous Inverters.
1994- Luminous Inverter Channel Sales initiated.
Luminous UPS Launched.
1997- Sar Softech Pvt. Ltd. is established.
Sar Adventure Tourism & Holidays Pvt. Ltd. is established.
1998- Luminous Inverter Channel Sales Delhi NCR.
1999- Luminous Inverter Channel - North India.
2002- Luminous Inverter Channel - National Penetration initiated.
Luminous LPG Geysers Launched.
Tez Inverters Launched.
2003- Luminous Inverter National Reach through 100 plus distributors and 4000
plus resellers and growing.
Luminous Electric Storage Geysers Launched: February 2003.
India's First Zero Pollution Inverter Launched - Luminous Bi2 Zero P: May 2003
Luminous Tiranga Inverters Launched: July 2003
Luminous Water Purifiers (UV and RO) Launched in Delhi & NCR.
Luminous LPG Geysers Launched: November 2003
Luminous Emergency Light Launched: November 2003
Mission
To deliver superior products at competitive prices to
worldwide customers and superior financial
performance to our stake holders by constant
innovation in technology and constant improvement
in operational efficiency.
Corporate Philosophy
We will constantly listen and respond to our Employees, End Customers, Channel
business opportunities.
All our employees, suppliers and channel
partners must make a measurable, positive
contribution towards the success of our
business.
All aspects of our business will be
quantified and performance measurement will be directly linked to business decisions,
Management Team
Luminous Power Technologies Pvt Ltd. - Alternative Energy - Deals and Alliances Profile Luminous Power Technologies (P) Limited (Luminous Power) is an Indian company
delivering high quality power products for home and commercial applications. Its business
line includes products and services in telecom infrastructure & renewable energy systems like
solar, wind and hybrid solutions. The company's portfolio comprises Power Backup, Power
Storage, Distributed Power Generation, Renewable & Alternate Energy solutions and
Physical infrastructure solutions for IT & Telecom, Engineering Design & Support services,
Plug-in Hybrid Electric Vehicles and mobile phones & accessories. It also focuses on
technology development on the areas such as power electronics, batteries and stored energy,
packaged power and renewable energy system.
The company's Enterprise Business Group (EBG)
provides complete solution in enterprise-wide power & connectivity solutions to corporate
offices, telecommunication service providers, data centers, health care centers and process
industries. Its Global Technology Centers located in India, United States & China deliver
high technology products following its proprietary UGC (Universal Grid Compatibility)
process. The company's client list comprises Indian corporations, telecommunication,
banking and finance, it and software, press and media companies, government organizations,
medical and diagnostics institutions and engineering and projects sector. It operates
domestically and internationally in 32 countries worldwide. The company has production
facilities for batteries, inverters, tubular battery and telecom infrastructure, available in India
and China. Luminous Power is headquartered in New Delhi, India.
Luminous Power received Frost & Sullivan Industry Technological Leadership Award
for Market penetration in DC-AC Inverters in Non Renewable Energy markets in Asia
Pacific.
mergers and acquisitions (M&As), partnerships and financings. The report provides detailed
information on Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture
Financing and Partnership transactions recorded by the company over a five year period. The
report offers detailed comparative data on the number of deals and their value categorized
into deal types, sub-sector and regions. Global Data derived the data presented in this report
from proprietary in-house, alternative energy track deals database, and primary and secondary
research.
Scope
Financial Deals - Analysis of the company's financial deals including Mergers and
Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and
Partnerships.
Deals by Year - Chart and table displaying information encompassing the number of
deals and value reported by the company by year, for a five year period.
Deals by Type - Chart and table depicting information including the number of deals
and value reported by the company by type such as Mergers and Acquisitions,
INDIAN CORPORATIONS
ESCORTS
TATA STEEL
TELCO
Jindal strips limited
L&T
HERO HONDA
THERMAX
LG Electronics
Maruti udyog limited
TELECOMMUNICATION COMPANIES
MTNL
BSNL
BHARTI AIRTEL
Reliance
Tata Tele-services
HFCL
ORG Telecom
IBM
Wipro
HCL Info Systems
Tata Consultancy Services
STPI
Cadence
Perot System
Aricent software
Mentor graphics
Sapient
Delsoft
Satyam Computers
daksh.com
naukri.com
Dilithium Software
Progressive InfoTech
CMS Computers
Competent Software
Scicom InfoTech
Sequence Design
Interra Software
Ramtech
I-Gate
GOVERNMENT ORGANISATIONS
Prasar Bharti
Times of India
The Pioneer
Indian Express
India Today
Business Today
PRESS
The Oberoi
Hyatt Regency
ITC Welcome Group of Hotels
AIR India
Lufthansa
KLM Dutch Royal Airlines
Jet Airways
Sahara Airlines
Interglobe
Royal Palms
GE
CocaCola
Phillips
Rolls Royce
Avery Dennison
Colliers Jar dine
GAP International
Cushman Wakefield
Associated Merchandising Corporation
Samsung
ICI Limited
ITC Limited
Cargill Foods
Whirlpool
Becton & Dickinson
MULTI-NATIONAL CORPORATIONS
Escorts Heart
National Heart & Lung Institute
MRI Scan Centre
Indian Spinal Injuries Centre
Wipro GE Medical Systems
SIEMENS
Hemlata Hospital
Fortis Healthcare
Shimadzu
Johnson & Johnson
Advance Medicare Research Institute
Jessaram Hospital
Location of company
Luminous Power Technologies Pvt. Ltd.
Corporate Office:
C 8 & C 9 Community Center
Behind Janak Cinema Complex, Janakpuri
New Delhi 110058
Manufacturing Facilities:
Lead Acid Battery /Tubular Battery/ VRLA Batteries
Luminous Power Technologies Pvt. Ltd (Unit-I)
Village-Ramnagar, P.O. Gagret,
Tehsil-Amb, Distt.-Una (H.P.)
Power Electronics:
Luminous Power Technologies (P) Limited
Village Malpur, P.O. Bhud, Baddi, Tehsil Nalagarh
Himachal Pradesh 173205
Branches
Punjab (Kapurthala)
Rajasthan(Jaipur)
Jammu & Kashmir(Jammu)
Assam(Guwahati)
Uttar Pradesh(Ghaziabad)
Lucknow
Uttarakhand(Dehradun)
Haryana(Sonepat)
Gurgaon
Maharashtra(Pune)
Gujrat(Ahmedabad)
Bihar(Patna)
Jharkhand(Ranchi)
Chattisgarh(Raipur)
Chandigarh
Madhya Pradesh(Indore)
West Bengal(Kolkatta)
Karnataka(Bangalore, Mangalore)
Tamilnadu(Chennai, Coimbatore, Madurai, Trichy)
Orissa(Bhubaneswar)
Policies
Luminous Power Technologies Pvt. Ltd. renders the following category of service across the
country:
Center.
The company's obligation under this warranty shall be limited to
repairing or providing replacement of part/s, which are found to be
detective.
Additionally avail hassle free services by logging at: 011-4500700,
Franchisee.
Photocopy of Purchase Invoice & Original warranty card duly
filled is required at the time of repair / Replacement.
The warranty card is not duly filled and mailed back to the service
center for registration by the purchaser.
manual.
Defects caused by improper use as determined by the company
personnel.
Modification or alteration of any nature is made in the electrical
equipment.
The original serial number is removed, obliterated or altered from
the equipment.
Defects due to cause beyond control like lightning, abnormal
voltage, acts of God or while in transit to service center or
purchaser's residence.
Batteries
Inverters
UPS system
DG system
Package power system
Solar PV modules
Electrical
Batteries
Batteries have become an essential part of our daily life as they are the power source of the
Inverters and Long Back up UPS that keep our appliances running. In a very short span of
time, Luminous has grown manifold in its endeavour to produce world class batteries
specially
designed
for
inverters/long
back
up
UPS
systems.
Luminous with its unmatched expertise in power electronics field combined with world class
battery manufacturing technology has come up with batteries specially designed for long
back up applications. These batteries are superior in quality delivering longer back up.
The conventional batteries pose a serious threat to the human body due to the dangerous
chemicals that get discharged from them. That is why we at luminous spend millions of
dollars on the research and development of innovative and green technological practices to
come out with batteries that not only deliver optimum
performance but are very healthy to be used in households and
offices.
Luminous batteries are specially designed to perform
consistently, have a very long life and are highly reliable.
These are perfect for a wide range of applications.
Some of the specialties of Luminous Batteries include
Special composition
Tubular Battery
In a very short time, Luminous has established its integrity and won many hearts across India.
With
an unquenched thirst for perfection and a resolute commitment to quality, we continue to
make forays in technology, creating innovative and efficient products that bear the mark of
reliability and excellence. With a decade of experience in manufacturing batteries, we
proudly present our range of Tubular Batteries - a remarkable product with incredible
possibilities
that
enhance
the
quality
of
life.
Now say goodbye to the inconvenience of long power cuts, thanks to the new range of
Tubular Batteries from Luminous. These long-lasting batteries carry attractive warranty
features and are extremely affordable. They are just the beginning of a series of beneficial
Tubular
Battery
innovations
from
the
house
of
Luminous.
LUMINOUS
TUBULAR
BATTERIES:
VERSATILE
APPLICATIONS
UPS Systems, Telecommunication Systems, Office Automation Equipment, Fire Alarm
Security Systems, Electronic PABX Systems, Cable TV Equipment, Electronic Attendance,
Cash Registers, Process Instrumentation & Control, Power Plants & Substations, Cellular
Phones & Pagers and PCO Monitors.
Solar battery
Luminous has launched its solar flooded tubular monobloc batteries designed to offer
reliable, consistent and low maintenance power for renewable energy requirements. These
batteries can be subject to deep cycle applications and minimum maintenance in rural and
power deficit areas. The batteries have a capacity to withstand partial state of charge (PSOC)
operation. These monobloc batteries are available in 12 Volts from 20Ah to 200 Ah @ C10 at
27C to 1.80 vpc.
These solar batteries have been developed keeping in mind the various parameters peculiar to
India by a team of scientist and engineers at a R&D facility dedicated to electrochemical
research at our works in Gagret, Himachal Pradesh.
Luminous decided to develop these solar batteries keeping in mind the increased awareness
and public spending in the field of new and renewable energy for applications in household
lighting, street lighting and in rural and urban cellular telecom installations. We expect a
significant shift in the telecom industry towards use on non-conventional energy due to
increased operational expenses. Increased government incentives and subsidies will, in the
next couple years, lead to increased spending by governmental agencies in the new and
renewable energy.
Our batteries are designed to give long life in cyclic operations and extremely long intervals
in topping up and even total freedom from maintenance. Our batteries can be adapted to use
auto-fill systems and air agitation systems for faster charging and avoidance of acid
stratification in standby cells. For outdoor applications, we offer batteries in IP55 enclosures.
While, our batteries are
approved by MNRE,
Luminous continues to
experiment with new and
improved alloys and
manufacturing technologies to
enhance the life of our solar
batteries, reduce topping up,
etc.
In today's information age, one cannot ignore the need for battery systems designed to save
vital information and data and run critical instrumentations for desired durations. Batteries
are required to deliver instant power. Unreliable and inferior batteries can result in the loss of
data and equipment shutdowns that can cost companies considerable financial losses.
Therefore, the UPS segments calls for the use of a reliable and proven battery system.
Luminous SMF batteries have been developed by a team of scientist and engineers at a R&D
facility dedicated to electrochemical research at our works in Gagret, Himachal Pradesh,
India.
Traction Battery(Motive Batteries)
New range of traction batteries from Luminous have seen
the light of the day after going through rigorous R&D and
multiple successful test runs. These
batteries are custom made to be used in forklifts, electric
golf carts, riding floor scrubbers and other electric
vehicles. Luminous Traction batteries are designed to be
routinely used all day and fast charged all night.
Why Luminous Motive Batteries must be your top
choice: Key features
Robust structure and Positive plates are specially designed for long cycle life
Negative plates contain highly durable long life expander to cater for high cycle life
Luminous Start
Luminous launches the technologically superior yet easy on pocket, factory charged and
maintenance free, Start automotive batteries. Powered by international Ca Ca & EMT
technology and Indian engineering, these Batteries optimize energy supply in addition to
back-up for vehicle accessories. They designed to deliver high performance for all types of
vehicles, including Indian and international makes.
Start advantages:
Extremely low self-discharge - No electrical drain on the battery. It could stand for up
to one year and then still have enough power to start the vehicle.
Ideal for vehicles, boats, machinery, etc that are not used on a regular basis.
Vibration and impact resistant - High density pasted plates are used which improve
life- cycle and are resistant to vibration
Motorcyle Battery
Luminous RACER range of motorcycle batteries are manufactured using the state of the art
technology. They are designed taking into consideration the latest motorcycle requirements
and are compatible with most of the popular models. They are built to withstand the rigors of
the tough Indian terrain without compromising with the quality and performance. These are
truly the soul-mate for the Indian bikes. Some of the advantages of using these futuristic
batteries include tough and durable separator for extended operation, high collision
resistance, immediate start, brightest light, extra power conservation, prevention against acid
spillage, to name a few.
Inveters
An inverter is an electrical device that converts
direct current (DC) to alternating current (AC); the
converted AC can be at any required voltage and
frequency with the use of appropriate transformers, switching, and control circuits. The
electrical inverter is a high-power electronic oscillator.
Luminous offers a world class range of inverters and long backup UPS which have seen the
light of the day only after going through extensive research and development worth million of
dollars. Our undiluted focus on the dynamic power requirements of the customer has driven
us to continuously innovate and come out with technologies which have become a benchmark
for the whole industry and resulted in products offering great value to the consumer, no doubt
we are the leaders in the domestic market and strive to be a prominent international player in
the segment.
Inverters / Long Back up UPS are used in a wide range of applications, from household
appliances to large electric utility high-voltage direct current applications that transport bulk
power. Inverters / Long Back up UPS are commonly used to supply AC power from DC
sources such as batteries.
Long Back up UPS
Luminous presents the latest breakthrough in the world of power back up UPS. A powerhouse
of performance packed in a highly attractive design these long back up UPS boast of
phenomenally advanced features that give in a unique ability to run a PC for hours together,
even in the bleakest of power situations. We at Luminous value the convenience and comfort
of the consumer above anything else. Very little maintenance, powerful performance and allround protection makes this series a value for money investment.
Features & Protection
Line Interactive UPS Systems Luminous has the widest range of line interactive UPS
systems. This highly compact power packed UPS systems offer the best and most reliable
data security to small desk tops or personal computers.
Features
No load shutdown
User-Friendly
On-Line UPS Systems
On-Line UPS Systems from Luminous are designed to save your sensitive equipments
from main lines failure, voltage fluctuations, blackouts and other electrical disturbances.
UPS not only provides data security but also saves your hardware from getting damaged,
thus promising smooth working hours. The online UPS is ideal for an environment where
electrical isolation is necessary or for equipment that is very sensitive to power
fluctuation. The online UPS system is necessary when the power environment is noisy
such as industrial settings; for larger equipment loads like data centres, or when operation
from an extended run back up generator is necessary.
Features
Automatic bypass
Luminous Power Technologies is in an aggressive expansion mode with the latest offering
being DG Sets. These state of the art residential DG Sets will make sure that your family will
enjoy life uninterrupted while at home or away.
Luminous DG Sets have been designed in compliance with the latest technologies that are
suitable for all small, medium and large industries, hospitals, multistoried buildings, farms
and individual houses. These DG sets consists of Lombardini for 5 KVA & Escorts for 1540 KVA engines coupled with self regulated alternator mounted on specially designed
common skid base frame fitted with special vibration isolator to make DG set vibration free.
Luminous DG sets are designed to deliver reliable performance and longer trouble free life.
Advantages
Ease of maintenance
Economic Operation
Electricals
Wide Range
Solar Applications
Solar Photovoltaic Modules
the PV modules offered by Luminous are specially designed to meet the requirements of the
market and are available in various ranges from 3W to 255W using well proven and field
tested technology of crystalline silicon solar cells. These are high quality and high
performance modules suitable for power generation and tested visually, mechanically and
electrically according to the standard test conditions applicable worldwide.
The solar cells, typically 180-260 micron thick, are tested and electronically matched prior to
interconnection. The encapsulation between high-transmittance special tempered glass and
UV-resistant multilayer back sheet which guarantees the modules excellent durability under
harsh outdoor conditions of extreme temperature, high altitudes, deserts and coastal regions.
The module size self-supporting anodized aluminum frame is designed to allow easy
mounting
and
carrying.
These PV modules have obtained various product certifications including IEC 61215EdII for
design qualification and IEC61730 for safety Class II.
Solar Home Light System
In the series of new offerings from the house of Luminous, the latest are ideal low cost
solutions for Rural Home Lighting requirements. The innovative, energy efficient LED based
design of this new product with a single light output is at par with 11W CFL. It can be
termed as single solution for all daily household lighting needs. This equipment has PWM
based compact electronic circuitry with high efficiency. It offers uniform & constant bright
light output over entire battery voltage range. It is specially designed for maximum energy
harvesting from connected solar module, as compared to other products. This equipment can
provide light output ranging between 11 to 102 hrs.
Reasons to Buy
Get detailed information on the company's financial deals that enable you to
understand the company's expansion/divestiture and fund requirements
- The profile enables you to analyze the company's financial deals by region, by
year, by business segments and by type, for a five year period.
Access elaborate information on the company's recent financial deals that enable you
to understand the key deals which have shaped the company
- Detailed information on major recent deals includes a summary of each deal,
deal type, deal rationale, deal financials and Target Company's key financial
metrics and ratios.
Equip yourself with detailed information about the company's operations to identify
potential customers and suppliers.
- The profile analyzes the company's business structure, locations and
subsidiaries, key executives and key competitors.
Gain key insights into the company for academic or business research
- Key elements such as break up of deals into categories and information on
detailed major deals are incorporated into the profile to assist your academic
or business research needs.
Awards
Luminous Power received Frost & Sullivan Industry Technological Leadership Award
for Market penetration in DC-AC Inverters in Non Renewable Energy markets in Asia
Pacific. Luminous was awarded to its production facility located in Gagret, Himachal
Pradesh; Luminous is commended for its unmatched expertise in the power electronics field
combined with world class battery manufacturing technology. The ISO 50001:2011
certification is in recognition of its world-class efficient Energy Management Systems and
Give for complying with the requirements on the fronts of manufacturing of Batteries
comprising flat and tubular plates for domestic and industrial requirements.
RESEARCH
METHODOLOGY
This project is made by collection of primary and secondary data. We gather the information
though primary source and secondary source though net.
RESEARCH DESIGN:
The study will be based on the based on the descriptive and applied research. The financial
position of Luminous Engineering and Technology Service Pvt.
Ltd. is analyzed
comparatively, common and trends. Make Planes of comparing the financial position of the
company for two year. By the help of many concepts of financial statement of the result of
the control mechanism can be summarized which will help in identifying the effectiveness of
the system under the preview. Hence the comparative, common and trend are use to get the
conclusion of the company profile.
PRESENTATION OF DATA:Data has been presented through column and bar diagrams.
DATA ANALYSIS AND INTERPRETATION:we have analysis the data of the company and calculate the profit margin of the company.
We have calculated the comparative, common size, trend, cash flow and ratio of the company
We analysis the financial position of the company and come to know that luminous have
growth in coming year.
Financial statement
Introduction
Financial statement analysis involves careful selection of data from financial statements for
the primary purpose of forecasting the financial health of the company. This is accomplished
by examining trends in key financial data, comparing financial data across companies, and
analyzing key financial ratios. Although financial statement analysis is a highly useful tool, it
has two limitations. These two limitations involve the comparability of financial data between
companies and the need to look beyond ratios. Comparison of one company with another can
provide valuable clues about the financial health of an organization. Unfortunately, the
difference in the accounting method of companies sometime makes it difficult to compare the
companies' financial data.
A company analyst may assume that ratios are sufficient in themselves as a basis for
judgment about the future. Nothing could be further from the truth. Conclusions based on
ratio analysis must be regarded as tentative. Ratios should not be viewed as an end, but rather
they should be viewed as a starting point, as indicators of what to pursue in greater depth.
They raise May questions, but they rarely answer any question by themselves. In addition to
ratios, other sources of data should be analyzed in order to make judgments about the future
of an organization. They analyst should look, for example, at industry trends, technological
changes, changes in consumer tastes, changes in broad economic factors, and changes within
the firm itself. A recent change in a key management position, for example, might provide a
basis for optimism about the future, even though the past performance of the firm may have
been mediocre.
There are four basic types of financial statements: balance sheets, income statements, cashflow statements, and statements of retained earnings. Typically, financial statements are used
in relation to business activities.
Balance sheet financial statements are used to provide insight into a companys assets and
debts at a particular point in time. At the bottom of the income statement, a total of the
amount earned or lost is included. Often, income statements provide a record of revenue over
a years time. Every company have their Summary of revenues, expenses and net income (or
net loss) of a firm. It serves as a measure of the firms profitability. Financial statements are
mainly prepared for decision making purposes. Analysis of financial statements is an attempt
to assess the efficiency and performance of an enterprise
Purpose
Financial statements are mainly prepared for decision making purposes. But the information
as is provided in the financial statements is not adequately helpful in drawing a meaningful
conclusion. Thus, an effective analysis and interpretation of financial statements is required.
Analysis means establishing a meaningful relationship between various
items of the two financial statements with each other in such a way that a conclusion
is drawn. By financial statements we mean two statements:
(i) Profit and loss Account or Income Statement
(ii) Balance Sheet or Position Statement
Comparative financial statements
Comparative study of financial statements is the comparison of the financial
statements of the business with the previous years financial statements. It enables
identification of weak points and applying corrective measures. Practically, two
financial statements (balance sheet and income statement) are prepared in
comparative form for analysis purposes.
Balance sheet interpretation and analysis
The common size statements (Balance Sheet and Income Statement) are shown in
analytical percentages. The figures of these statements are shown as percentages of
total assets, total liabilities and total sales respectively. The trend analysis is a
technique of studying several financial statements over a series of years. In this
analysis the trend percentages are calculated for each item by taking the figure of that
item for the base year taken.
Ratios analysis
A tool used by individuals to conduct a quantitative analysis of information in a
company's financial statements. Ratios are calculated from current year numbers and
are then compared to previous years, other companies, the industry, or even the
economy to judge the performance of the company. Ratio analysis is predominately
used by proponents of fundamental analysis.
Annual report
secured loan
loans and advance from banks
cash/export credit facilities
tearm loan
vehicle loans
unsecured loans
inter coporate loans
loan from bulinding company- sar capital private
limited
loan from other
Investment
long term
subsidiaries (tarde and unquoted)
150000 share of rs 10 each of lumious electronic
private limited fully paid up
40000 share4 of SGD 1 each of LABH holding pre. Ltd.
Fully paid
3266 share of rs 10 each of luminous engineering and
technology services private limited fully paid
2015
(thousan
d)
2014(th
ousand)
550,000
20,000
17,426
16,836
496,800
514,226
0
16,836
306,195
2500
58,605
61,105
2500
2,500
671460
1,038,76
0
281640
284,140
267,266
112,065
3,698
383,029
324,649
116,822
3379
444,850
18,322
0
0
0
24112
11,000
53,434
1800
1,064
31,770
34,634
deferred tax asstes
deferred tax liability
deperciation on fixed assets
deferred tax assets
provision for bad debts
employee benefits
net deferred tax assets
inventories
raw material and componets
working in progress
finished good
goods - raw material
sundry debtors
debts outstanding for a period exceeding six months
unsecured, cosidered good
secured, cosidered good
unsecured, cosidered doubtful
debts outstanding for a period less than six months
secured, cosidered good
unsecured, cosidered good
less: provision for doutful debts
cash and bank balance
cash in hand
balances with scheduled bank
in current account
in fixed account
2,846
2,846
3,069
3,069
4937
2374
4,465
5976
1243
4,149
238,431
256,150
193,303
114,205
802,089
202,532
124,089
63,229
60,317
450,167
64,225
435
32,279
27,880
30,441
1,406,00
3
1587383
32279
1555104
63,416
624,500
733,579
17,753
715826
988
713
17,263
125,842
24618
45,952
35,622
172,782
60,953
fixed deposits includes rs.37,952 thousand pledged with bank for gurantee
issused ( previous year rs 35,622 thousand)
other current assets
interest accrured but not due
2,391
2,391
1381
1381
12848
0
104,573
21996
8709
591
32355
14058
43951
40000
53,971
277339
23194
78907
931556
6128
0
30478
23650
96862
1088674
610884
6649
4626
13321
59768
77188
772436
8447
40
120197
20428
42,783
4053
3167
3816
202931
24623
674
20,118
10,225
2360
1609
59609
10,064
1530
16325
14781
41,170
2079
15541
13205
30,276
303
202532
2756797
2959329
238,431
2,720,89
8
57075
1574850
1631925
202,532
1,429,39
3
35,813
288717
324,530
44998
279,532
58,251
310,105
368,356
35815
332,541
closing inventory
work- in- progress
finished goods in ware house
256,150
148,304
404,454
124089
27416
151,505
56221
10314
66535
84,970
Total
124089
27416
151505
252,949
2,747,48
1
22,280
15014
2710187
1658781
169010
15162
7561
191733
112212
8490
5208
125910
23585
28125
53355
1069
5828
591
112553
40384
23765
29209
140
5590
284
100442
10260
8243
3661
90
8564
10561
38244
17565
10483
4743
17723
14526
10050
2325
4522
44919
8772
839
2457
1349
6950
3371
26491
11608
7791
8569
15146
14937
6135
1718
2327
36339
opening inventory
work in progress
finished good in ware house
personal expense
salaries, wages and bouns
contribution to provident fund and other benefits
staff welfare
manufacturing expenses
consumable store
Jobwork
electricity, power and fule expenses
genertor hiring and running changes
repairs and maintanace of machinery
other manufacturing expenses
selling, general and administrative expenses
Rent
rates andtaxes
priniting and stationery
testing fee
consumables
installing charges
travelling and conveyance expenses
communication charge
repair and maintenance
insurance charge
lagal and professional charge
provision for douthful debts
vehicles running and maintenance
security expense
electricity an d power
provision for warranty cost
1676956
18195
96657
43819
56028
5766
7762
416511
66537
23738
37,229
3403
6529
292235
41213
35988
3169
80370
25253
21698
6465
53416
Data analysis
comparative income statement of
luminous of year 31 mar 2015 and
31 mar 2014
2014( t 2015( t absoult
%
housan housan
e
chan
d)
d)
change
ge
source of fund
Income
sales of good
domestic sales
2,736,230
4,621,430
1,885,200
export sales
71,190
113,339
42,149
turover
2,807,420
4,734,769
1,927,349
less discount
326,374
623,985
297,611
2,481,046
4,110,784
1,629,738
total
2,481,046
4,110,784
1,629,738
65.6875
3663
less- operting
expense
expendituer
cost of material
consumed
personal
expensese
manufacturing
1,658,781
2,710,187
1,051,406
125,910
191,733
65,823
100,412
112,553
12,141
63.3842
5627
52.2778
1749
12.0911
68.8977
1693
59.2063
4921
68.6519
6515
91.1871
0436
65.6875
3663
expense
selling general and
adminisrtative
expense
financial expaense
298,060
416,511
118,451
53,116
80,370
27,254
depercaitation
26,169
46,803
20,634
total
2,262,448
3,558,157
1,295,709
profit from
operations before
tax
less- tax
expense
current income tax
218,598
552,627
334,029
34,428
75,524
41,096
MAT credit
enitlement
prior years income
tax
deferred tax
-32,355
-72,217
-39,862
410
410
-5656
-315
5,341
3,386
4,345
959
-197
7,747
7,944
218,795
544,880
326,085
8432
39.7406
5624
51.3103
3963
78.8490
1983
57.2702
2234
152.80
51492
119.367
9563
123.201
9781
0
(94.430
69307)
28.3225
0443
(4032.4
8731)
149.03
67696
2015( tho
usand)
absoulte
change
%
change
SOURCE OF
FUND
shareholder's
fund
share capital
reserves and
surplus
LOAN FUND
secured loans
16,834
514,226
497,392
287,140
1,038,760
751,620
303,974
1,552,986
1,249,012
444,870
383,029
-61,841
2954.686
943
261.7608
135
410.8943
528
13.90091
unseecured loans
TOTAL
50,349
-50,349
495,219
383,029
-112,190
799,193
1,936,015
1,136,822
487
-100
22.65462
351
142.2462
409
APPLICATION OF
FUND
fixed assets
gross block
less: accumulated
depreciation
256,366
453,436
197,070
50,605
93,665
43,060
net block
capital work - in porgerss( including
adavance)
205,761
359,771
154,010
114,065
19,045
-95,020
319,826
0
378,816
33,634
58,990
33,634
4,119
4,465
346
inventories
450,191
802,089
351,898
sundry debtors
cash and bank
balances
other currents
assets
715,826
1,555,104
839,278
60,958
172,782
111,824
1,381
2,391
1,010
78,907
277,339
198,432
1,307,263
2,809,705
1,502,442
773,037
1,088,674
315,637
59,608
202,931
143,323
832,645
1,291,605
458,960
474,618
799,193
1,518,100
1,936,015
1,043,482
investment
deferred tax assets
working capital
current
assests,loans and
advances
76.87056
786
85.09040
609
74.84897
527
83.30337
965
18.44440
414
0
8.400097
111
78.16637
827
117.2460
905
183.4443
387
73.13540
912
251.4757
88
114.9303
545
40.83077
524
240.4425
58
55.12072
972
219.8572
326
% net sales
2014
2015
112.42210
73
2.7571139
71
115.17922
13
15.179221
29
100
Income
sales of good
domestic sales
export sales
Turnover
less discount
total
less- operting
expense
expendituer
cost of material
consumed
personal expensese
manufacturing
expense
selling general and
adminisrtative
expense
2,736,230
4,621,430
71,190
113,339
2,807,420
4,734,769
326,374
623,985
2,481,046
4,110,784
110.28533
93
2.8693542
97
113.15469
36
13.154693
63
100
2,481,046
4,110,784
100
100
1,658,781
2,710,187
66.858131
61
125,910
191,733
4.0471639
78
65.928713
35
4.6641467
9
2.7379935
31
10.132154
84
1.9551015
09
1.1385419
42
86.556651
97
100,412
112,553
298,060
416,511
financial expaense
53,116
80,370
Depercaitation
26,169
46,803
2,262,448
3,558,157
12.013481
41
2.1408712
29
1.0547567
44
91.189280
65
218,598
552,627
8.8107193
5
13.443348
03
34,428
75,524
-32,355
-72,217
1.3876405
35
1.3040870
67
410
1.8372164
53
1.7567695
12
0.0099737
67
total
profit from
operations before
tax
less- tax expense
current income tax
MAT credit
entitlement
prior years income
tax
deferred tax
-5656
-315
3,386
4,345
-197
7,747
218,795
544,880
0.2279683
65
0.1364746
97
0.0079401
99
8.8186595
49
0.0076627
72
0.1056975
99
0.1884555
35
13.254892
5
% balance sheet
2014
2015
12.609156
06
6.9899708
18
0
0.2524147
62
11.146634
36
0.5900632
66
1.0420681
49
0.1383372
27
27.587971
35
43.866241
62
3.7355423
76
0.0846284
99
4.8354677
36
100
24.850787
89
48.181136
57
5.3532324
13
0.0740793
53
8.5926781
96
100
ASSETS
fixed assets
net block
capital work- in
- progress
205,761
359,771
114,065
19,045
investment
0
deferred tax
assets
4,119
current assests,loans and
advances
33,634
4,465
inventories
450,191
802,089
sundry debtors
cash and bank
balances
other currents
assets
loans and
advances
TOTAL ASSETS
LIABILITY
715,826
1,555,104
60,958
172,782
1,381
2,391
78,907
1,631,838
277,339
3,227,620
16,834
514,226
287,140
1,038,760
444,870
383,029
50,349
773,037
1,088,674
share capital
reserves and
surplus
secured loans
unseecured
loans
currents
liabilities
1.0315974
99
17.596109
42
27.261897
32
3.0854165
67
47.372165
62
15.932049
32.183466
46
11.867227
24
0
33.729931
03
provisions
total liabilities
59,608
1,631,838
202,931
3,227,620
3.6528135
76
100
6.2873262
65
100
statement of trend
analysis of income
statement of 204 and
2015
2014(
thous
and)
domestic sales
export sales
Turnover
less discount
expendituer
cost of material
consumed
personal
expensese
manufacturing
expense
selling general
and
adminisrtative
expense
financial
expaense
depercaitation
current income
tax
MAT credit
enitlement
prior years
income tax
deferred tax
fringe benefit tax
2015( thousand)
%trend
2014
2015
4,621,430
113,339
100%
100%
168.8977169
159.2063492
4,734,769
100%
168.6519651
623,985
100%
191.1871044
2,710,187
100%
163.3842563
191,733
100%
152.2778175
112,553
100%
112.0911843
298,06
0
416,511
100%
139.7406562
53,116
26,169
80,370
46,803
100%
100%
151.3103396
178.8490198
34,428
75,524
100%
219.3679563
-32,355
-72,217
100%
223.2019781
0
-5656
3,386
410
-315
4,345
100%
100%
5.569306931
128.3225044
2,736,2
30
71,190
2,807,4
20
326,37
4
1,658,7
81
125,91
0
100,41
2
statement of trend
analysis of balance sheet
of 2014 and 2015
2014(
thous
and)
share capital
reserves and
surplus
secured loans
unseecured loans
gross block
accumulated
depreciation
net block
capital work - in porgerss( including
adavance)
investment
deferred tax assets
inventories
sundry debtors
cash and bank
balances
other currents
assets
loans and advances
currents liabilities
provisions
16,834
287,14
0
444,87
0
50,349
256,36
6
50,605
205,76
1
2015( thousand
)
% trend
2014
2015
514,226
100%
3054.686943
1,038,760
100%
361.7608135
383,029
0
100%
100%
86.09908513
0
453,436
100%
176.8705679
93,665
100%
185.0904061
359,771
100%
174.8489753
19,045
33,634
4,465
100%
100%
100%
16.69662035
0
108.4000971
114,06
5
0
4,119
450,19
1
715,82
6
802,089
100%
178.1663783
1,555,104
100%
217.2460905
60,958
172,782
100%
283.4443387
1,381
78,907
773,03
7
59,608
2,391
277,339
100%
100%
173.1354091
351.475788
1,088,674
202,931
100%
100%
140.8307752
340.442558
2015(thousan
d)
593,797
46,803
3159
2014(thousand)
218545
26468
10207
interest paid
provision for warranty expenses
loss on sale of fixed assets
provision for doubtful debts
interest received
operating profit before working capital
changes
changes in working capital
increase on sundry debtors
increase in current liabilities and
provision
increase in inventories
increase in fixed deposite
increase in loan andd advances and
other assets
cash general from operations
income taxes paid ( not of refund)
net cash used in operating activities
B. cash flow from investing
activities
purchase of fixed assets
procced from sales of fixed asset5s
investment in subsidary ( luminous
electronics power limited)
investment in subsidary (labh holding
ptv. limited)
share application money in
subsidiary( labh holding ptv. Ltd.)
investment in luminous engineering
and services private limited
interest received
net cash used in investing activities
C. cash flow from financing
activities
share aaplication money
issue of equity share capital
issue of compulsorily fully converiable
commulative participatory prefernce
share
cash/export credit facilities
procced from term loan
repayment of term loans
proceeds from vehicle loans
repayment of vehicle loans
repayment of term loans taken from
bodies coporate
proceeds of loans taken from bodies
coporate
80370
44919
88
14526
-10,064
53436
18353
0
14937
-4336
773,598
337,610
-833804
-195,285
309946
-389185
-2330
432,225
-239648
-18,496
-60610
-222,385
-96,497
-318,882
-25,238
5,881
-12,327
-6,646
-113,859
746
-185364
1436
-1800
1,064
-43,931
-31,770
9,054
-182,644
0
763
-183,195
0
8855
-5900
0
794733
-57354
29907
-34740
2287
-1968
0
186302
89231
-8520
2500
-1650
-16950
-2900
1000
-20662
-2900
0
-11000
0
0
-82082
13051
-151
17000
-28590
-51960
611026
206513
109500
13721
25330
11600
134830
25330
988
713
125842
8000
24618
The total assets turnover is 1.54 it means the sales having more than the total assets.
the company having sales
Working Capital Turnover Ratio = Cost of goods sold/Net Working Capital
= 2,747,481/ 1,307,263
= 2.101704859 times
The working capital of the company is good. Because cost of goods sold is more than
the net working capital. This activities ratio helps in the growth of the company.
Net Profit Ratio = Net Profit after tax / Net sales x 100
= 249,031/2,481,046*100
=10.03733909
Net profit takes into account the fixed costs involved in production the overheads.
The net profit is 10.03 means the profit margin is good for the company. The net
profit shows the growth of the company and higher the ratio will good for the
country.
Fixed Assets Ratio = Long-term Funds+ long term loans/ Fixed Assets
=303,974+495,219/ 323945
=2.46706385
This ratio indicates as to what extent fixed assets are financed out of long-term
solvency. Higher the ratio will show that there is more use or fixed assets and the
finance use by the long term is good for the company. And its have good fixed assets
ratio
Dept-equity Ratio =
Debt + CL
Equity
495,219+773,037/303,974
= 4.172251574
The debts equity ratio show the long term polices of the company. It is equity ratio
indicates the proportion between shareholders funds and the borrowed funds. It also
indicates the extent to which the firm depends upon outsiders for its existence. A
higher ratio indicates a risky financial position while a lower ratio indicates safer
financial position. The financial position of the company is good and it shows the
rapid growth of the company.
Data interpretation
Domestic sales and export sales of the company for the year 2014 is Rs. 2,807,420
and for the year 2015 is Rs.4, 734,769. It means the turnover of the company is good
because it is more from the year 2014
Total income of the company is Rs.2, 511,282 for the year 2014 and Rs.4, 151,954 for
the year 2015. The gross profit of the year 2015 is more than the 2014. Company has
more profit in the year of 2015. There is change of about 57.27% in total expenditure
of the company in the year 2015,as in 2014 it was Rs.2,262,448 but in 2015,it is
Rs.3,558,157.The profit for the company after charging tax stands at Rs.586,050.
As companys profit is increasing, it encourages investors to make their investment in
the company. The total amount of capital raised from shareholders increased from Rs.16,834
in 2014 to Rs.514,226 in 2015.The Reserves & Surplus is Rs.1,038,760 & secured loan is
Rs.383,029.In the year 2015,there is no more unsecured loan for the company. The assets of
the company in the opening of year 2015 is Rs.453,436,but after charging depreciation of
Rs.93,665,it amounts Rs.359,771.The company has no more investment in the year 2014 but
in 2015 it is of Rs.33,634.The total current assets of the company including inventories,
debtors, cash & bank balances, loans & advances and other current assets is of Rs.2,809,705
in the year 2015 as against Rs.1,307,263 in 2014.The current liabilities & provisions also
increases in 2015 ,from Rs.1,936,015 to Rs.799,193.
As per Common-size income statement, the income of the company becomes approax. double
of 2014.In 2014,it was Rs.2,511,282 and in 2015 it is Rs.4,151,954.The expenditure of the
company in percentage of net sales is declining, in 2014 ,it is 90.09% and in 2015 ,it is
85.69%.Company also have to bear tax-expenses. Tax-expenses in comparison to net-sales
are -0.007% in 2014 and 0.186% in 2015.Profit after tax also increases. All the above
mentioned increment shows that the companys business is growing and it is paying more
taxes now...
The Common-size balance-sheet of the company reveals that companys liquidity position is
alright. Its investment is only 1.04% to net sales. As far as other assets are concerned, the
position of debtors and cash & bank balances to net sales are quite satisfactory, while the
position of fixed assets, inventories and other current assets to net sales are not so good
because there is percentage decline in their figures. Liabilities are overall increasing except
secured loans, unsecured loans and current liabilities. Thus; balance-sheet represents
satisfactory position of company.
The trend analysis of income-statement has been prepared after assuming 2014 as the base
year. It shows that companys total turnover is increasing and thus expenditures too.
Company has to pay more taxes. Concerning trend analysis of balance-sheet, 2014 is the base
year and
The assets and liabilities are both almost increasing from 2014 to 2015.the current assets and
current liabilities are in good positions.
absoulte change
absoulte change
%trend 2010
128.32
223.2
219.37
178.85
151.31
139.74
112.09
152.28
163.38
191.19
168.65
159.21
168.9
investment in subsidary
( luminous electronics
power limited)
investment in luminous
engineering and services
private limited
investment in subsidary
(labh holding ptv. limited)
interest recevied
Conclusion
According to annual report of this company, we come to know the financial positions of the
company, their assets and the liabilities. Luminous is a profit making company and its
business is growing very rapidly. Today, in the field of inverters, power back-up solution etc;
it is the only company which marks its presence in the market. The profit of company is
increasing every year but not at so rapid rate. I have examined all the parts of a financial
statement of this company.
A financial statement is the most important statement of the company. It reveals the true
position of a company, as it presents the figures and positions of assets and liabilities of the
concern and also shows the fact that whether the company is making profit or not. We have
examined various techniques for management of financial statement. The companys cash
flow of the luminous for operating activities is -312,236. Increase in the current liabilities
and provision and working capital change. The net cash flow from the investing activities is
less than the previous year means the investment are made in the company was less the
previous year. And cash used in the financial activities was more in the current year
than the previous year. It means the luminous financial position is much better than the
previous year.
The financial position will shown stronger in coming year as per the financial position of the
luminous. The compare of the income statement and the balance sheet show the growth of the
company and the rapid growth on the assets of the company. The financial ratio of the means
the company has more assets then the risk of the liabilities will cover though the assets. The
company has 3.4 turnovers the company will satisfy the customer. The cost of goods sold is
more than the net working capital. This activities ratio helps in the growth of the company.
The profit margin is good for the company. It is equity ratio indicates the proportion between
shareholders funds and the borrowed funds. It also indicates the extent to which the firm
depends upon outsiders for its existence. The company having overall good profit margin and
its show the in the coming year the company have high profit and good market position.
RECOMMENDATION
There should increase their export sales more to expend their market in
the international level.
They should use the sufficient planning is required for any new cost
reduction methods.
There should take the advice of the company employs for new
innovative idea.
The analysis of the finance of the company should be done and more
and more sector will open to make luminous more power full company.
Limitation
The data is given for analysis of financial statement is done on the basis of data
available in the annual report of LUMINOUS. So there is only a limited exposure is
available to make the report.
The annual report of the LUMINOUS For the Financial Year 2014-2015, has
not been made public. So only few ratios were been calculated as per the data
available to us from the annual report
Literature review
The Financial Statement Analysis, author Sinha PHI Learning Pvt. Ltd., 2014. The
research about the financial statement analysis which help us to analysis and
interprets the data of the company and give us the true result of our data.
The articles are publishing in the economics times by the ronojoy banerjee
which helps us to know about the company.
private equity firm, had invested around $20.3million for companys expansion.
Luminous groups revenue is substantially growing, thats why it is now getting
into more capital intensive activities, thus, in upcoming years, it may have a good
Capital expenditure models.
The same happens with the leading manufacturers of Inverters & inverters
batteries company, LUMINOUS POWER TECHNOLOGIES. The continuing
power crisis & failure of power corporations in Punjab led to the superb business for
Luminous Groups in Punjab.
As per the statement of Tarun Sapra, branch manager, Luminous Power
technologies, Punajb is an important market for luminous & company has chalked
out plans for expanding their business & to meet the needs of growing customers.
Company sales & revenue is growing at a rapid rate, as in 2013-14,companys sale
India Punjab region is Rs.92 Crore and India 2014-15,,it is Rs.139 Crore. Punjab is
the most growing market for Luminous.
BIBLIOGRAPHY
http://www.myluminous.com/default.asp
http://www.letsindia.in/
Financial Statement Analysis, author Sinha PHI Learning Pvt. Ltd., 2014
http://www.luminousindia.com/domestic/dom_default2.htm
http://www.indiamart.com/company/1677226/
http://in.linkedin.com/company/luminous-engineering-and-technologyservices-private-limited?trk=ppro_cprof