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CAPITAL STRUCTURE

ANALYSIS
OF

BY:
GROUP 5

MARUTHI SUZUKI COMPANY


PROFILE

Maruti Suzuki India Limited suzuki, is a


subsidiary company of Japanese
automaker Suzuki Motor Corporation.

It has a market share of 44.9% of the Indian


passenger car market as of March 2011

Maruti 800 , Alto ,Ritz, A-Star, Swift, WagonR, SX4,Maruti Eeco ,Grand Vitara.

Cont
It was the first company in India to massproduce and sell more than a million cars.
It is largely credited for having brought in an
automobile revolution to India. It is the market
leader in India, and on
Maruti Udyog Limited -renamed as Maruti
Suzuki India Limited. - 17 September 2007,
The company's headquarters are located in
New Delhi.In February 2012, the company
sold its 10th million vehicle in India.

BOARD OF DIRECTORS

Modernization of the Indian Automobile Industry.


Production of fuel-efficient vehicles to conserve scarce
resources.
Production of large number of motor vehicles which was
necessary for economic growth.

CAPITAL STRUCTURE
Capital

structure refers to mix of capitalization.


A company can mobilize its required capital by
issuing different types of securities like
Equity

shares
Preference shares
Bonds and debentures

Capital structure
From Year

To Year

Class Of Authorized
Share
Capital
(Crores)

Issued
Capital
(Crores)

Paid Up
Paid Up
Shares Face Value
(Nos)

Paid Up
Capital
(Crores)

2010

2011

Equity
Share

372.00

144.46 288910060

144.46

2009

2010

Equity
Share

372.00

144.46 288910060

144.46

2008

2009

Equity
Share

372.00

144.46 288910060

144.46

2007

2008

Equity
Share

372.00

144.46 288910060

144.46

2006

2007

Equity
Share

372.00

144.46 288910060

144.46

2005

2006

Equity
Share

155.00

144.46 288910060

144.46

2004

2005

Equity
Share

155.00

144.46 288910060

144.46

From Year To Year

Class Of
Share

Authorize
d Capital
(Crores)

Issued
Capital
(Crores)

Paid Up Paid Up
Shares Face Value
(Nos)

Paid Up
Capital
(Crores)

2003

2004

Equity
Share

155.00

144.46 288910060

144.46

2002

2003

Equity
Share

155.00

144.46 288910060

144.46

2001

2002

Equity
Share

135.00

132.29 13229162

100

132.29

2000

2001

Equity
Share

135.00

132.29 13229162

100

132.29

1999

2000

Equity
Share

135.00

132.29 13229162

100

132.29

1993

1999

Equity
Share

135.00

132.29 13229162

100

132.29

SHAREHOLDING PATTERN

MARKET SHARE

Debt Equity Ratio


Funds

Total Long Term Debt / Shareholders

Shareholders Funds = Equity Share Capital + Preference Share


capital
+ Reserve
= 144.5 +13723
= 13867.5
2010 year
= 309.3 / 13867.5
= 0.022
2011 year
= 821.40 /11835.1
= 0.069

PROPRIETARY RATIO = SHAREHOLDERS /


TOTAL TANGIBLE ASSETS

Total Tangible Assets = Investment + Current Assets +


Fixed Assets +
Goodwill
2010year
= 11835.1 / 9293.5
= 1.27
2011year
= 13867.5 / 9977.5
= 1.389

Solvency Ratio
Liquid Ratio
Quick Ratio
Liquid Ratio = Current Assets / Current liabilities
Current Assets = Inventories + Sundry Debtors

NET PROFIT RATIO = NET PROFIT /NET


SALES X 100
2010 year
= 2288.6/36561.5 x 100
= 6.25
2011 year
= 2497.60/29317.7 x 100
= 8.5

Operating profit =
operating profit /net
sales x 100
operating profit = gross
profit(administration expenses +
selling expenses

EQUITY Rs(in crore)


9000

DEBT Rs(in crore)


1000

8415.4

900.2
900

8000

800

6853.9

7000

700

6000

630.8

5452.6
600

5000

4378.8

4000 3591.2
3000
2000

500
EQUITY Rs(in
crore)

DEBT Rs(in
crore)

400
311.9 307.6
300
200

1000

100

71.7

Infosys
Companys profile
Infosys a Banglore based company started in 1981 .
The company was the first in India to register on the American
stock exchange - NASDAQ with an issue of two million
American Depository Shares(ADR)that raised $70 million.

Development centers in India


Mohali, Mangalore, Mysore, Hyderabad,
Pune, Chennai and Bhubhaneshwar
Pioneered in ESOP in INDIA.
5th best managed company in Asia.

Management Profile

The board consists of senior officers of Infosys including all active founders,
along with external members of the board who are global leaders and high
achievers in business and society.

Independent Members of Board :


Rama Bijapukar
Dr.Omkar Goswami
Sridar Iyengar
Deepak M satwalekar
Claude Smadja
Dr.Marti G Subrahmanyam
David L Boyles
Prof.Jaffrey Sean Lehman
Infosys Executives,members of the Board and CFO:
V.Balakrishnan,CFO
Srinath Batni
K.Dinesh
N.R,Narayana Murthy
Nandan M. Nilekani

Balance Sheet Of Infosys


Mar ' 11

Mar ' 10

Mar ' 09

Mar ' 08

Mar ' 07

Sources of funds
Owner's fund
Equity share capital

287.00

287.00

286.00

286.00

286.00

Share application money

Preference share capital

Reserves & surplus

24,214.00

21,749.00

17,523.00

13,204.00

10,876.00

Secured loans

Unsecured loans

Total

24,501.00

22,036.00

17,809.00

13,490.00

11,162.00

Loan funds

Uses of funds
Fixed assets
Gross block

6,934.00

6,357.00

5,986.00

4,508.00

3,889.00

Less : revaluation
reserve

Less : accumulated
depreciation

2,878.00

2,578.00

2,187.00

1,837.00

1,739.00

Net block

4,056.00

3,779.00

3,799.00

2,671.00

2,150.00

Capital work-inprogress

499.00

409.00

615.00

1,260.00

957.00

Investments

1,325.00

4,636.00

1,005.00

964.00

839.00

Current assets, loans


23,150.00
& advances

17,242.00

15,732.00

12,326.00

9,040.00

Less : current
liabilities &
provisions

4,529.00

4,030.00

3,342.00

3,731.00

1,824.00

Total net current


assets

18,621.00

13,212.00

12,390.00

8,595.00

7,216.00

Miscellaneous
expenses not written

Total

22,036.00

17,809.00

13,490.00

11,162.00

Book value of
1,325.00
unquoted investments

4,636.00

1,005.00

964.00

839.00

Market value of
quoted investments

Contingent liabilities 1,013.00

295.00

347.00

603.00

670.00

Number of equity
sharesoutstanding

5738.25

5728.30

5719.96

5712.10

Net current assets

24,501.00

Notes:

5741.52

CAPITAL STRUCTURE
To Year

Authoriz
Class Of
Issued
ed
Share
Capital
Capital

Paid Up
Shares
(Nos)

Paid Up
Face
Value

Paid Up
Capital

2010

2011

Equity
Share

300.00

287.08

5741515
59

287.08

2009

2010

Equity
Share

300.00

286.91

5738251
92

286.91

2008

2009

Equity
Share

300.00

286.42

5728300
43

286.42

2007

2008

Equity
Share

300.00

286.00

5719957
58

286.00

2006

2007

Equity
Share

300.00

285.60

5712098
62

285.60

2005

2006

Equity
Share

150.00

137.78

2755549
80

137.78

From
Year

2004

2005

Equity
Share

150.00

135.29

270570
549

135.29

2003

2004

Equity
Share

50.00

33.32

666410
56

33.32

2002

2003

Equity
Share

50.00

33.12

662430
78

33.12

2001

2002

Equity
Share

50.00

33.09

661861
30

33.09

2000

2001

Equity
Share

50.00

33.08

6615811
5
7

33.08

1999

2000

Equity
Share

50.00

33.08

661507
00

33.08

1998

1999

Equity
Share

50.00

33.07

330694
00

10

33.07

1997

1998

Equity
Share

30.00

16.02

160172
00

10

16.02

1996

1997

Equity
Share

10.00

7.26

725960
0

10

7.26

1995

1996

Equity
Share

10.00

7.26

725860
0

10

7.26

1994

1995

Equity
Share

10.00

7.26

725860
0

10

7.26

1993

1994

Equity
Share

4.00

3.35

335210
0

10

3.35

1992

1993

Equity
Share

4.00

1.98

197610
0

10

1.98

PROFIT AND LOSS


Mar ' 11

Mar ' 10

Mar ' 09

Mar ' 08

Mar ' 07

Income
Operating income

25,385.00

21,140.00

20,264.00

Mar ' 11

Operating income 25,385.00

23.00 Expenses
Material
consumed

23.00

Manufacturing
expenses

2,613.00

Personnel
12,464.00

Adminstrative expenses

Mar ' 08

33.00

22.00

2,115.00
10,356.00

2,115.00

Selling expenses

33.00

87.00

Adminstrative
expenses

1,837.00

1,198.00

1,837.00Expenses
capitalised
Cost of sales

1,198.00

16,970.00

Operating profit 8,415.00

13,778.00

Expenses capitalised

Cost of sales

Other recurring
income
16,970.00

1,108.00

871.00

Adjusted PBDIT

9,523.00

8,233.00

1.007,362.00

2.00

Financial

13,778.00

Operating profit

8,415.00expenses

Other recurring income

1,108.00

871.00

Adjusted PBDIT

9,523.00

Financial expenses

1.00

15,648.00

Mar ' 07

20.00

7,362.00

1,822.00

9,975.00

18.00

83.00

89.00

1,456.00

1,257.00

13,356.00

- 6,908.00

10,684.00
4,964.00

874.00

678.00

7,782.00

5,642.00

13,356.00
2.00
6,908.00

22.00

1,549.00
7,771.00

1,456.00
-

22.00

1,549.00

9,975.00

83.00

13,149.00

18.00

1,822.00

10,356.00

87.00

20,264.00

20.00

12,464.00

expenses

Selling expenses

21,140.00

22.00

Manufacturing expenses 2,613.00


Personnel expenses

Mar ' 09

13,149.00

Income

Expenses
Material consumed

Mar ' 10

15,648.00

1,378.00

1,378.00

7,771.00

6,316.00

89.00

63.00

6,316.00
63.00

1,144.00

1,257.00
-

8,923.00
4,226.00
333.00

10,684.00

1,144.00
8,923.00

4,559.00
1.00
4,964.00

4,226.00

874.00

678.00

333.00

8,233.00

7,782.00

5,642.00

4,559.00

2.00

2.00

1.00

1.00

1.00

Depreciation

740.00

807.00

694.00

546.00

469.00

Other write offs

Adjusted PBT

8,782.00

7,424.00

7,086.00

5,095.00

4,089.00

Tax charges

2,378.00

1,717.00

895.00

630.00

352.00

Adjusted PAT

6,404.00

5,707.00

6,191.00

4,465.00

3,737.00

Non recurring items

39.00

96.00

-372.00

5.00

46.00

Other non cash


adjustments

-1.00

-5.00

Reported net profit

6,443.00

5,803.00

5,818.00

4,470.00

3,778.00

Earnigs before
appropriation

20,249.00

16,108.00

12,460.00

9,314.00

5,973.00

Equity dividend

3,445.00

1,434.00

1,345.00

1,902.00

649.00

Preference dividend

Dividend tax

568.00

240.00

228.00

323.00

102.00

Retained earnings

16,236.00

14,434.00

10,887.00

7,089.00

5,222.00

SOURCES OF FUND
INFOSYS

MARUTI

Year

200708

2006-07

200506

200405

200304

200708

2006-07

200506

200405

200304

286

286

138

135.29

33.32

Reserve and
surplus

13240

10876

6759

5106.49

3220.11

TOTAL

13409

1162

6897

5241.73 3253.43

Year

Sources of
fund

Sources of
fund

Owners fund

Owners fund

Equity share
capital

144.50

144.50

144.50

144.50

144.50

Equity share
capital

Share
application
money

Share
application
money

Preference
share capital

Preference
share capital

Reserve and
surplus

8,270.90

6,709.40

TOTAL

8415.40 6853.90

5,308.10

4,234.30

3,446.70

5452.60 4378.80 3591.20

Maruti
EQUITY Rs(in crore)
10000
8000
6000
4000
2000
0
EQUITY Rs(in crore)

2003-04
3591.2

2004-05
4378.8

2005-06
5452.6

2006-07
6853.9

2007-08
8415.4

Infosys

15000
10000

5000
0
Rs in Cr.

2003-04
3253.43

2004-05
5241.73

2005-06
6897

2006-07
11162

2007-08
13490

Maruti
YEAR

2007-08

2006-07

2005-06

2004-05

2003-04

SECURED LOAN

0.10

63.50

71.70

307.60

311.90

UNSECURED
LOAN

900.10

567.30

TOTAL

900.20

630.80

71.70

307.60

311.90

DEBT Rs(in crore)

1000
800
600
400
200
0
DEBT Rs(in crore)

2003-04
311.9

2004-05
307.6

Infosys has no Debt.

2005-06
71.7

2006-07
630.8

2007-08
900.2

Solvency Ratios
Debt Equity Analysis
Maruti
2007-08

2006-07

2005-06

2004-05

2003-04

LTL

308

835

1,217

3,076

3,119

Owners Fund

90,010

56,730

56,635

44,888

37,582

Debt Equity Ratio

0.004

0.01

0.02

0.07

0.08

Infosys
2007-08

2006-07

2005-06

2004-05

2003-04

LTL

OWNERS
FUND

13490

11162

6897

5241.73

3253.43

DEBT
EQUITY
RATIO

This project helped us to know the various insights of the


companies(Maruti and Infosys).We came across the various
financial aspects of the companies and it is clear that the
solvency of Infosys is better than that of Maruti.

THANK YOU

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