Submitted byVivek Sharma 12609085 (R2)

BACKGROUND
Bridgestone's journey began in a small city, in the island of Kyushu in Japan. Bridgestone controls 18.2% of global market and sells products in over 150 nations. The company has 47 tyre plants and 93 non-tyre plants, 3 technical research and development centers and 10 proving grounds.

Company Classifications
Bridgestone India Pvt. Ltd. Classifications 12 mths Main product / service Industry group Ownership group Age group Size group P/E (times) # Industry group P/E (times) Tyres Tyres & tubes Private (Indian) Dec-04 12 mths Tyres Tyres & tubes Private (Indian) Tyres Tyres & tubes Private (Indian) After 1991 Top decile Dec-05 Latest

16.19

23.07

9.74

INTRODUCTION
Bridgestone india pvt ltd is a private company having its head office in sagore pithampur distt of dhar madhya pradesh. Board of directors MD - Hisao Ikawa , Director - Koichiro Mitsuyasu, Director - K G Shenoy, Co. Secretary - Abha Jaiswal, MD Shinichi Matsunaga.

FINANCIAL ANALYSIS
Total income , sales, expenses show an increment between dec04 to dec-05. There is also an increase in growth and profitability. There is a decrease in liabilities, quick ratio and current ratio.

(Rs. Million) Total income Sales Income from non-fin. services Income from fin. services Other income Prior period income Change in stock Total expenses Operating expenses Raw material cons. Financial charges Total provisions Non-cash charges Provision for direct tax Prior period expenses

04-Dec 12 mths 12 mths 3,815.90 3,802.30 81.2 3.8 9.6 0.2 27.5 3,764.00 3,368.20 1,587.60 60.3 18.6 307.7 0.1 9.1

05-Dec 3,982.40 3,924.40 64.5 2.6 18.8 36.6 177.3 4,005.20 3,588.40 1,862.90 57.1 12.3 321.7 5.1 20.6

Bridgestone India Pvt. Ltd.

Dec-04

Dec-05

Currency: Rs. Million (Non-Annualised) Liquidity Cash to current liabilities (times) Cash to avg cost of sales (times) Quick ratio (times) Current ratio (times)

12 mths

12 mths

0.041 3.824 0.692 1.405

0.016 1.733 0.515 1.245

Total outside liabilities / tangible net worth

0.841

0.756

Total term liabilities / tangible net worth Debt to equity ratio (times) Interest cover (times) Interest incidence (%)

0.387 0.52 3.014

0.257 0.425 4.809 4