HORIZONTAL ANALYSIS

BALANCE SHEET
PROFIT & LOSS
KEY RATIOS

84 11.31 32.33 0 108.79 0 12.1 197.44 0 419.49 1.03 0.36 0 75.66 35.91 0 0.95 5.23 0 306.99 295.6 67.62 1.89 15.31 521.52 0 42.24 26.18 359.77 39.32 31.19 48.85 778.91 7.49 0 0.35 346.95 115 274.53 Mar '11 Mar '10 Mar '09 Mar '08 Mar '07 12 mths 12 mths 12 mths 12 mths 12 mths Application Of Funds Gross Block Less: Accum.19 .73 0 11.23 30.83 0 284.56 38.51 0.54 28.48 38.59 9.22 0 79.21 620.89 0 265.4 38.44 389.55 55 304.35 324.99 561.25 0 0.55 536.39 80.42 67.72 80.61 59 236.31 1.06 394.3 11.48 10.76 80.61 10.72 0 0 184.79 0 696.37 20.28 65 457.63 753.2 590.72 2.58 15.73 15.56 0 189.03 10.72 80.08 29.72 80.98 106.45 490.72 0 0 259.64 13.45 0 0.02 136.32 408.78 0 622. Depreciation Net Block Capital Work in Progress Investments Inventories Sundry Debtors Cash and Bank Balance Total Current Assets Loans and Advances Fixed Deposits Total CA.2 32.93 390.38 0 340.39 15.42 26.3 503.99 0 16.34 0.72 0 0 226.21 0 41.73 0 536.73 80. Loans & Advances Deffered Credit Current Liabilities Provisions Total CL & Provisions Net Current Assets Miscellaneous Expenses Total Assets Contingent Liabilities Book Value (Rs) 40.88 13.72 0 0 203.13 1.88 0 779.49 0 643.98 5.97 39.72 80.42 0 0 122.42 25.44 696.92 0 116.1 0 861.76 0 11.65 7.2 240.66 861.7 0 561.87 0 0.18 643.29 7.48 408.25 4.Balance Sheet of Tourism Finance Corp of India Mar '11 Mar '10 Mar '09 Mar '08 Mar '07 12 mths 12 mths 12 mths 12 mths 12 mths Sources Of Funds Total Share Capital Equity Share Capital Share Application Money Preference Share Capital Reserves Revaluation Reserves Networth Secured Loans Unsecured Loans Total Debt Total Liabilities 80.34 0 529.

C .

12 33.22 0 63.26 40.82 1.27 3.81 0 0 -6.1 0 109.02 17.16 34.18 .37 Mar '10 0 0 3.12 5 28.22 12 38.03 14.25 807.8 0 3.82 0 -5.66 0 11.69 1.08 6.47 0 6.33 0.01 21.29 17.03 807.78 0.72 -0.75 0 -2.34 1.49 109.49 67.79 Mar '07 12 mths 12 mths 12 mths 12 mths 12 mths Operating Profit PBDIT Interest PBDT Depreciation Other Written Off Profit Before Tax Extra-ordinary items PBT (Post Extra-ord Items) Tax Reported Net Profit Total Value Addition Preference Dividend Equity Dividend Corporate Dividend Tax Per share data (annualised) Shares in issue (lakhs) Earning Per Share (Rs) Equity Dividend (%) Book Value (Rs) 108.22 0 39.27 0 67.13 41.64 67.17 4.07 1.92 0.61 0 17.37 60.21 28.57 73.52 69.72 0 8.95 1.21 34.07 0 9.91 674.74 8.69 10 32.35 0 8.Profit & Loss account of Tourism Finance Corp of India Mar '11 Mar '10 Mar '09 Mar '08 Mar '07 12 mths 12 mths 12 mths 12 mths 12 mths Income Sales Turnover Excise Duty Net Sales Other Income Stock Adjustments Total Income Expenditure Raw Materials Power & Fuel Cost Employee Cost Other Manufacturing Expenses Selling and Admin Expenses Miscellaneous Expenses Preoperative Exp Capitalised Total Expenses 108.31 41.08 5.75 Mar '09 0 0 1.13 807.29 0.07 1.96 58.31 3.74 0 8.26 28.08 59.08 31.37 0 9.22 1.27 0 -2.19 2.3 0 1.69 0 70.78 0 64 0 0 6.97 1.65 65.17 5.85 0 66.59 10 35.06 Mar '11 0 0 3.36 63.53 80.07 0 80.99 1.95 1.17 12 42.1 -7.75 30.7 75.24 11.87 0 -0.59 41.28 11.72 Mar '08 0 0 2.43 52.57 807.42 0 81.69 1.14 0 59.59 0 29.74 0 29.73 0 39.16 45.43 1.17 3.22 10.43 0 108.74 -2.17 2.22 0.31 0 17.37 51.94 62.22 0 58.07 1.91 0 40.56 0 1.37 0.

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53 1.04 10.09 1.83 41.33 17.01 42.4 93.2 13.62 36.03 10.09 2.63 2.9 -- 100.69 -165.22 35.06 97.13 9.04 88.67 97.7 -217.61 37.12 8.74 -105.91 32.48 42.07 2.95 8.08 12.91 12.34 42.01 41.64 --- --- --- --- .18 8.06 10.25 2.69 1.53 2.35 2.93 16.11 1.26 1.89 20.55 -- 10 1 7.45 10.37 ---2.48 94.2 1.36 98.04 42.18 9.59 1.35 46.23 29.1 3.26 14.44 11.59 --0.11 0.62 10.5 12.06 1.25 35.61 36.68 101.21 15.67 37.35 -- 10 1 8.96 1.94 1.1 9.11 1.2 9.5 92.65 37.58 89.53 10.13 42.45 42.44 13.51 ---1.22 3.43 --- 10 1.27 2.23 38.01 19.48 37.2 1.67 103.89 2.55 7.08 38.18 32.26 2.29 1.92 18.02 -139.28 29.03 38.87 ---2.23 46.27 38.05 2.13 12.25 11 104.27 1.Key Financial Ratios of Tourism Finance Corp of India Investment Valuation Ratios Face Value Dividend Per Share Operating Profit Per Share (Rs) Net Operating Profit Per Share (Rs) Free Reserves Per Share (Rs) Bonus in Equity Capital Profitability Ratios Operating Profit Margin(%) Profit Before Interest And Tax Margin(%) Gross Profit Margin(%) Cash Profit Margin(%) Adjusted Cash Margin(%) Net Profit Margin(%) Adjusted Net Profit Margin(%) Return On Capital Employed(%) Return On Net Worth(%) Adjusted Return on Net Worth(%) Return on Assets Excluding Revaluations Return on Assets Including Revaluations Return on Long Term Funds(%) Liquidity And Solvency Ratios Current Ratio Quick Ratio Debt Equity Ratio Long Term Debt Equity Ratio Debt Coverage Ratios Interest Cover Total Debt to Owners Fund Financial Charges Coverage Ratio Financial Charges Coverage Ratio Post Tax Management Efficiency Ratios Inventory Turnover Ratio Debtors Turnover Ratio Investments Turnover Ratio Fixed Assets Turnover Ratio Total Assets Turnover Ratio Asset Turnover Ratio Average Raw Material Holding Average Finished Goods Held Mar '11 Mar '10 Mar '09 Mar '08 10 1.

69 32.82 32.83 43.694.93 77.3 33.13 4.05 2.84 76.03 3.71 13.57 57.27 12.44 42.440.Number of Days In Working Capital Profit & Loss Account Ratios Material Cost Composition Imported Composition of Raw Materials Consumed Selling Distribution Cost Composition Expenses as Composition of Total Sales Cash Flow Indicator Ratios Dividend Payout Ratio Net Profit Dividend Payout Ratio Cash Profit Earning Retention Ratio Cash Earning Retention Ratio AdjustedCash Flow Times Earnings Per Share Book Value 2.59 35.25 31.59 30.2 62.91 .26 Mar '11 Mar '10 Mar '09 Mar '08 5.70 ----- ----- ----- ----- 26.22 38.7 12.05 66.25 2.48 60.46 2.500.656.37 2.29 56.98 25.75 64.78 10.17 42.

12 C -5.38 10.12 3.99 1.52 C 7.Mar '07 10 0.39 28 23.43 -70.96 --- .26 C 23.18 28.27 1.18 11.75 C 9.26 22.52 1.51 28.37 -81.65 0.82 C 1.63 9.5 C 1.31 22.5 7.4 C 1.31 9.61 C 7.82 1.34 79.

52 C 23.27 Mar '07 2.327.39 C 73.2.34 ----27.61 26.48 72.12 28.18 .

25 29.23 30.97 -20.81 -0.51 -37.74 -39.84 38.31 0.39 -0.05 59.37 1.ash Flow of Tourism Finance Corp of India Mar '11 Mar '10 Mar '09 Mar '08 12 mths 12 mths 12 mths 12 mths Net Profit Before Tax Net Cash From Operating Activities Net Cash (used in)/from Investing Activities Net Cash (used in)/from Financing Activities Net (decrease)/increase In Cash and Cash Equivalents Opening Cash & Cash Equivalents Closing Cash & Cash Equivalents 68.72 -11.72 -2.67 -9.26 38.8 10.13 20.79 39.33 -1.67 46.97 1.72 0.07 -26.34 -0.44 18.47 1.84 .95 -9.

79 1.08 0 0.52 0.Mar '07 12 mths 17.6 -0.31 0.31 .

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22 Mar '09 65.06 1.82 Interest Cover 2.76 394.1 622.73 Book Value (Rs) 42.79 529.93 77.27 56.Reserves Networth Mar '11 259.37 139.05 66.99 590.18 9.95 8.59 70.69 Mar '07 51.59 Mar '08 60.83 284.11 1.01 19.49 419.44 11.71 72.91 28.22 807.18 10.19 Mar '11 108.52 PROFIT & LOSS Operating Profit Profit Before Tax Shares in issue (lakhs) Earning Per Share (Rs) KEY RATIOS 250 200 150 100 50 0 .55 Mar '08 184.98 Total CA.94 29.1 807.25 32.75 9.1 Mar '10 226.61 7.27 3.78 60.17 4.51 105.59 2.13 38.52 39.28 29.7 40.52 Current Ratio Quick Ratio Debt Equity Ratio 29.57 57.23 306.17 Mar '10 73.01 37.2 62.11 1.53 10.1 10.87 165. Loans & Advances Net Current Assets 779.29 1.43 17.7 64.38 340.08 807.48 41.49 66.61 23.06 10.39 73.03 35.95 Mar '09 203.17 3.12 Earning Retention Ratio Cash Earning Retention Ratio 76.21 408.12 Mar '11 12 mths Mar '10 12 mths Mar '09 12 mths Mar '08 12 mths Mar '07 12 mths Cash Profit Margin(%) 46.93 16.17 2.26 Return On Capital Employed(%) Return On Net Worth(%) 12.7 457.26 2.69 1.2 1.56 189.74 807.4 1.19 2.2 2.89 265.79 503.94 1.5 Debtors Turnover Ratio 217.23 37.5 12.73 753.89 20.26 10.17 5.31 674.61 Mar '07 122.

1 Mar '07 Profit Before Tax (cr) 4.06 Mar '10 4.37 Mar '11 217.78 Mar '11 4.87 DTR 250 200 150 DTR 100 50 0 Mar '07 Mar '08 Mar '09 Mar '10 Mar '11 4.31 Mar '08 29.60 .41 Mar '08 4.40 70 60 50 40 Profit Before Tax 30 20 10 0 Mar '07 Mar '08 Mar '07 70.22 Mar '10 40.76 Mar '11 Mar '10 Mar '09 Profit Before Tax Mar '07 17.12 DTR Mar '09 Mar '10 Mar '08 105.99 Mar '09 5.59 Mar '11 Mar '09 139.Debt-Income Ratio Mar '07 5.74 Mar '09 39.51 Mar '10 165.08 Mar '08 Mar '11 66.

60 .00 5.20 5.40 5.80 5.60 4.Debt-Income Ratio Debt-Income Ratio 4.

52 Mar '08 10.18 Mar '10 10.61 7.95 8.Return On Capital Employed(%) Return On Net Worth(%) Mar '07 9.26 Mar '11 Mar '10 Mar '09 Mar '08 Mar '07 0 5 .5 12.06 10.44 11.18 Mar '09 10.1 Mar '11 12.

Return On Net Worth(%) Return On Capital Employed(%) 5 10 15 .