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2010 2009 2008

Sales-net 3,629,038,418 3,395,580,759 1,371,791,931


COGS 3,341,872,196 2,591,021,469 1,284,390,080
GP 350,166,222 804,559,290 87,401,851
Selling and distribution expense 56,245,683 111,490,601 24,878,363
admistrative and genral expense 35,943,591 30,094,507 40,894,043
92,189,274 141,585,108 65,772,406
Operating profit 257,976,948 662,974,182 21,629,445
other operating expenses 4,835,758 3,291,944 20,958,970
253,141,190 659,682,238 670,475
other operating income 23,210,906 34,218,809 35,978,496
276,352,096 693,901,047 36,648,971
Finance cost 658,589,707 549,902,638 48,935,320
loss on derivatives financial instruments(- ) 122,813,948 (- )
loss/profit before taxation (382,237,611) 21,184,461 (279,572,750)
taxation (54,460,469) (5,908,237) (57,133,384)
loss/profit after taxation (327,777,142) 27,092,698 (222,439,366)
loss/earning per share (2.55) 0.21 -1.73
2007 2006 2005 2004 2003 2002
1,553,733,256 2,327,237,579 1,715,426,515 1,397,871,078 835,607,451 1,021,861,290
1,210,466,340 1,127,575,661 1,051,203,519 902,333,594 693,787,373 689,815,805
343,266,916 1,199,661,918 664,222,996 495,537,484 141,820,078 332,045,485
18,701,815 15,533,247 12,509,368 11,839,810 9,990,624 10,780,737
46,338,529 38,279,574 33,326,619 32,771,011 37,185,202 17,329,717
65,040,344 53,812,821 45,835,987 44,610,821 47,175,826 28,110,454
278,226,572 1,145,849,097 618,387,009 450,926,663 94,644,252 303,935,031
7,640,715 71,433,971 43,354,848 35,722,154
270,585,857 1,074,415,126 575,032,161 415,204,509 94,644,252 303,935,031
75,624,748 19,106,540 9,129,239 4,444,478 1,379,038 1,442,543
346,210,605 1,093,521,666 584,161,400 419,648,987 96,023,290 305,377,574
18,370,018 54,097,507 23,212,275 24,374,892 21,457,746 56,198,175

327,840,587 1,039,424,159 560,949,125 395,274,095 74,565,544 249,179,399


79,472,319 249,557,198 (174,447,785) (102,616,840) 19,360,210 98,612,894
248,368,268 789,866,961 386,501,340 292,657,255 55,205,334 150,566,505
2.12 7.76 4.50 5.93 2.52 6.86
2001
732,825,249
590,884,795
141,940,454

26,465,728
115,474,726

115,474,726
3,305,734
118,780,460
55,810,692

58,280,940
(35,664,126)
22,616,814
1.03
2010 2009
Equity & liability
authorised shares ### ###
paid up capital ### ###
reserves 51,278,714 34,078,866
accumulated profit 622,118,747 949,895,889
### ###
Non current liabilities
long term finances- secured ### ###
liabilities against asset subject to finance lease secured (- ) 2,040,128
long term security deposits and retention money 155,923,337 154,209,127
defferd liabilities 62,669,613 101,197,782
derivatives fianancial liabilities 202,024,046 160,120,433
### ###
Current liabilities
trade and other payables 734,312,487 554,458,612
interest and markup accured 504,895,065 312,801,576
short term borrowings- secured ### ###
current portion of noncurrent liabilities 596,370,138 680,933,125
provision for taxation
- ### ###
total liabilities ### ###
contingencies and commitments
total liabilities and she ### ###

Non current assets


Property plant and equipment
operating fixed assets ### ###
capital work in progress 861,363,339 584,965,206
### ###
intangible assets 2,587,653 2,689,912
longterm loans and advances 28,832,286 33,313,347
longterm deposits 5,397,440 5,397,440
### ###
Current assets
stores,spares and loose tools 638,000,427 841,844,312
stock in trade 290,433,057 139,293,693
trade debts 20,010,133 17,792,165
advances,deposits,prepayments and other receivables
430,703,292 612,373,810
cash and bank balance 28,021,733 34,371,413
- ### ###
total assets ### ###
2008 2007 2006 2005 2004 2003

### ### ### ### 500,000,000 500,000,000


### ### 925,312,540 493,500,020 329,000,010 219,333,340
235,805,586 396,306,773 389,397,905 162,120,028 162,120,028 162,120,028
922,803,191 ### 969,229,248 426,112,297 204,110,962 104,517,405
### ### ### ### 695,231,000 485,970,773

### ### 237,500,000 61,648,330 133,048,330


3,686,712 (- ) 2,358,098 35,461,448 56,282,172 4,006,641
135,837,621 106,808,320 5,451,100 2,132,500 1,846,056 2,354,850
155,732,831 228,068,951 161,267,836 104,240,120 105,589,559 111,828,496
1,250,573
### ### 406,577,034 223,482,398 296,766,117 118,189,987

243,214,560 178,982,959 215,249,060 149,394,418 139,925,047 91,779,565


50,719,344 12,260,606 1,973,686 1,655,264 1,414,512
### 146,434,421 57,397,506 52,582,288 58,477,626 10,922,808
625,022,321 218,120,218 44,148,330 53,800,000 41,300,000 11,995,445
32,760,357 58,943,432 12,144,144 53,228,442
### 555,798,204 385,593,723 346,672,684 282,012,877 212,638,981
### ### 792,170,757 570,155,082 578,778,994 330,828,968

### ### ### ### ### 816,799,741

941,431,201 ### ### 581,007,037 603,032,810 606,457,856


### ### 984,287,376 538,873,395 178,169,534 2,285,462
### ### ### ### 124,267,150 608,743,318
(- )
38,142,100 45,731,201 49,565,634 4,639,073 2,493,180 2,602,598
4,429,440 3,879,440 4,969,240 16,143,890 14,952,130 977,030
### ### ### ### 18,992,499 3,579,628

699,954,682 185,856,546 117,594,905 86,217,074 87,617,242 88,309,024


174,317,806 125,147,740 87,869,995 22,336,658 15,100,336 18,977,696
15,341,081 21,381,453 21,642,079 23,799,056 25,986,269 13,148,085
406,020,470 120,072,947 51,589,010 89,805,108 52,744,640 34,200,990
36,994,967 132,401,943 656,886,230 289,066,136 168,099,514 49,841,000
### 584,860,629 942,182,219 511,224,032 349,548,001 204,476,795
### ### ### ### ### 816,799,741
2002 2001

500,000,000 500,000,000
219,333,340 219,333,340
162,120,028 162,120,028
93,178,739 2,928,902
474,632,107 384,382,270

16,954,098
15,057,509 118,220,157
2,806,160 4,420,000
116,594,780 44,124,993

134,458,449 183,719,248

89,420,083 81,340,902

69,321,124 98,750,293
33,756,486 154,188,070
28,845,466 14,546,815
265,884,920 392,923,121
400,343,369 576,642,369

874,975,476 961,024,639

659,797,694 714,765,683
2,100,706
661,898,400 714,765,683

2,716,546 1,428,611
926,030 22,325,311
3,642,576 23,753,922

51,434,353 56,342,730
50,515,942 50,964,743
28,921,924 43,461,019
35,195,185 38,324,163
43,367,096 33,412,379
209,434,500 222,505,034
874,975,476 961,024,639
2010 2009 2008 2007 2006 2005
current ratio 0.43 0.56 0.66 1.05 2.44 1.47
Current Ratio 0.62 0.59 1.08 1.17 1.02 0.96
quick ratio 0.34 0.51 0.57 0.83 2.22 1.41
Quick Ratio 0.54 0.50 0.99 1.07 0.89 0.86
avg. collection per 2.01 1.91 4.08 5.02 3.39 5.06
Recievable turnover in days7.96 8.73 12.00 6.58 3.98 6.40
days inv held 31.72 19.62 49.54 37.74 28.44 7.76
Inventory Turnover(in days)
18.12 24.03 25.95 26.43 18.76 17.37
payable days 80.2 78.11 69.12 53.97 69.68 51.87
No. of days in Payables 72.66 56.70 61.85 66.74 84.21 83.08
receivable t.o 181.36 190.85 89.42 72.67 107.53 72.08
RTO 68.95 75.44 65.03 104.25 135.37 161.48
inv t.o 11.51 18.6 7.37 9.67 12.83 47.06
Inventory Turnover 21.47 17.19 21.96 14.04 19.46 25.15
payable t.o 4.55 4.67 5.28 6.76 5.24 7.04

tato 0.42 0.39 0.18 0.25 0.76 1.04


Total asset Turnover 0.49 0.58 0.40 0.37 0.37 0.44
fato 0.5 0.49 0.22 0.28 1.12 1.53
Fixed Asset Turnover 0.75 0.87 0.59 0.52 0.64 0.66

gp margin 10% 24% 6% 22% 52% 39%


Gross Margins 0.16 0.32 0.18 0.25 0.47 0.38
op margin 7% 20% 2% 18% 49% 36%
Operating Margins 0.04 0.20 0.08 0.18 0.42 0.33
net margin -9% 1% -16% 16% 34% 23%
Net Profit Margins -0.03 0.08 0.02 0.11 0.28 0.25
roa -4% 0% -3% 4% 26% 23%
ROA 0.01 0.08 0.02 0.05 0.13 0.12
roe -17% 1% -10% 10% 35% 36%
ROE -0.15 0.11 0.01 0.08 0.33 0.28

debt ratio 77% 74% 69% 58% 26% 35%


Debt to Asset Ratio 10.90 9.61 4.71 7.41 9.89 10.53
ltd to total cap 64% 60% 58% 54% 15% 17%
Long-term to Capitalization 9.54
Ratio 6.87 0.95 3.57 6.51 8.81
debt to equity 342% 280% 227% 140% 35% 53%
Debt to Equity Ratio 2.68 2.35 2.19 2.19 2.27 1.54
times interest earn 0.3917 1.2056 0.4420 15.1457 21.1812 26.6405
Times Interest Earned 4.53 4.89 1.72 3.92 6.35 17.89
2004 2003 2002 2001
1.24 0.96 0.79 0.57
1.18 1.16 1.02 0.56
1.19 0.87 0.6 0.44
0.96 0.98 0.85 0.43
6.79 5.74 10.33 21.65
6.74 7.62 9.71 11.88
6.11 9.98 26.73 31.48
27.39 28.31 33.79 29.35
56.6 48.29 47.31 50.25
63.41 52.94 80.76 52.24
53.79 63.55 35.33 16.86
99.07 110.50 50.42 35.86
59.76 36.56 13.66 11.59
16.85 15.83 11.20 23.52
6.45 7.56 7.71 7.26

1.1 1.02 1.17 0.76


0.49 0.40 0.42 0.43
11.25 1.37 1.54 1.03
0.77 0.62 0.59 0.61

35% 17% 32% 19%


0.35 0.20 0.29 0.13
32% 11% 30% 16%
0.31 0.13 0.23 0.09
21% 7% 15% 3%
0.20 0.10 0.08 0.18
23% 7% 17% 2%
0.11 0.04 0.05 0.07
42% 11% 32% 6%
0.29 -0.11 0.09 1.47

45% 41% 46% 60%


9.10 12.87 11.94 13.79
30% 20% 22% 32%
11.13 12.39 11.39 17.97
83% 68% 84% 150%
2.04 6.55 3.43 6.98
18.4996 4.4107 5.4083 2.0690
12.43 3.95 2.54 0.96
common size income statement
2010 2009 2008 2007 2006 2005 2004
Sales-net ### ### ### ### ### ### ###
COGS 0.92 0.76 0.94 0.78 0.48 0.61 0.65
GP 9.65% 23.69% 6.37% 22.09% 51.55% 38.72% 35.45%
Selling and distribution expense 0.02 0.03 0.02 0.01 0.01 0.01 0.01
admistrative and genral expense 0.99% 0.89% 2.98% 2.98% 1.64% 1.94% 2.34%
0.03 0.04 0.05 0.04 0.02 0.03 0.03
Operating profit 7.11% 19.52% 1.58% 17.91% 49.24% 36.05% 32.26%
other operating expenses 0 0 0.02 0 0.03 0.03 0.03
6.98% 19.43% 0.05% 17.42% 46.17% 33.52% 29.70%
other operating income 0.01 0.01 0.03 0.05 0.01 0.01 0
7.62% 20.44% 2.67% 22.28% 46.99% 34.05% 30.02%
Finance cost 0.18 0.16 0.04 0.01 0.02 0.01 0.02
loss on derivatives financial instruments
0.00% 3.62% 0.00% 0.00% 0.00% 0.00% 0.00%
loss/profit before taxation -0.11 0.01 -0.2 0.21 0.45 0.33 0.28
taxation -1.50% -0.17% -4.16% 5.11% 10.72% ### -7.34%
loss/profit after taxation -0.09 0.01 -0.16 0.16 0.34 0.23 0.21

common size balance sheet

2010 2009 2008 2007 2006 2005 2004


equity & liability
authorised shares 0.17 0.17 0.2 0.24 0.49 0.61 0.39
paid up capital 14.85% 14.93% 15.35% 16.54% 30.08% 29.87% 25.82%
reserves 0.01 0 0.03 0.06 0.13 0.1 0.13
accumulated profit 7.17% 11.01% 12.10% 18.61% 31.51% 25.80% 16.02%
0.23 0.26 0.31 0.42 0.74 0.65 0.55
non current liabilities
long term finances- secured 0.35 0.35 0.39 0.44 0.08 0.04 0.1
liabilities against asset
subject to finance lease
secured 0.02% 0.05% 0.08% 2.15% 4.42%
long term security deposits
and retention money 0.02 0.02 0.02 0.02 0 0 0
defferd liabilities
derivatives fianancial 0.72% 1.17% 2.04% 3.71% 5.24% 6.31% 8.29%
liabilities 0.02 0.02 0 0 0 0 0
40.01% 39.50% 43.00% 49.37% 13.22% 13.53% 23.29%
Current liabilities
trade and other payables 0.08 0.06 0.03 0.03 0.07 0.09 0.11
interest
short termandborrowings-
markup accured 5.82% 3.63% 0.67% 0.20% 0.06% 0.10% 0.11%
secured 0.16 0.16 0.14 0.02 0.02 0.03 0.05
current portion of noncurrent
liabilities 6.88% 7.89% 8.20% 3.54% 1.44% 3.26% 3.24%
provision for taxation 0 0 0 0 0.01 0.04 0.01
- 37.38% 34.16% 26.45% 9.03% 12.54% 20.99% 22.14%
total liabilities 77.39% 73.66% 69.45% 58.41% 25.75% 34.52% 45.43%
contingencies and
commitments
total liabilities and she ### ### ### ### ### ### ###

non current
property assets
plant and
equipment
operating fixed assets 0.73 0.74 0.12 0.17 0.36 0.35 0.47
capital work in progress 9.93% 6.78% 69.61% 73.06% 32.00% 32.62% 13.98%
83.35% 80.44% 81.96% 89.69% 67.60% 67.79% 9.75%
intangible assets
longterm loans and 0 0 0 0 0 0 0
advances 0.33% 0.39% 0.50% 0.74% 1.61% 0.28% 0.20%
longterm deposits 0 0 0 0 0 0.01 0.01
83.78% 80.92% 82.52% 90.50% 69.37% 69.05% 1.49%
current assets
stores,spares and loose tools 0.07 0.1 0.09 0.03 0.04 0.05 0.07
stock in trade 3.35% 1.62% 2.29% 2.03% 2.86% 1.35% 1.19%
trade debts 0 0 0 0 0.01 0.01 0.02
advances,deposits,prepayme
nts and other receivables 4.97% 7.10% 5.33% 1.95% 1.68% 5.44% 4.14%
cash and bank balance 0 0 0 0.02 0.21 0.17 0.13
- 16.22% 19.08% 17.48% 9.50% 30.63% 30.95% 27.44%
total assets 1 1 1 1 1 1 1
statement
2003 2002 2001
### ### ###
0.83 0.68 0.81
16.97% 32.49% 19.37%
0.01 0.01 0
4.45% 1.70% 0.00%
0.06 0.03 0.04
11.33% 29.74% 15.76%
0 0 0
11.33% 29.74% 15.76%
0 0 0
11.49% 29.88% 16.21%
0.03 0.05 0.08
0.00% 0.00% 0.00%
0.09 0.24 0.08
2.32% 9.65% -4.87%
0.07 0.15 0.03

2003 2002 2001

0.61 0.57 0.52


26.85% 25.07% 22.82%
0.2 0.19 0.17
12.80% 10.65% 0.30%
0.59 0.54 0.4

0 0 0.02

0.49% 1.72% 12.30%

0 0 0
13.69% 13.33% 4.59%
0 0 0
14.47% 15.37% 19.12%

0.11 0.1 0.08


0.00% 0.00% 0.00%
0.01 0.08 0.1

1.47% 3.86% 16.04%


0.07 0.03 0.02
26.03% 30.39% 40.89%
40.50% 45.75% 60.00%

### ### ###

0.74 0.75 0.74


0.28% 0.24% 0.00%
74.53% 75.65% 74.38%
0 0 0
0.32% 0.31% 0.15%
0 0 0.02
0.44% 0.42% 2.47%

0.11 0.06 0.06


2.32% 5.77% 5.30%
0.02 0.03 0.05

4.19% 4.02% 3.99%


0.06 0.05 0.03
25.03% 23.94% 23.15%
1 1 1
2010 2009 2008 2007 2006 2005 2004 2003
Sales-net ### ### ### ### ### ### ### ###
COGS ### ### ### ### ### ### ### ###
GP 9.6% 23.7% 6.4% 22.1% 51.5% 38.7% 35.4% 17.0%
Selling and distribution
expense 1.5% 3.3% 1.8% 1.2% 0.7% 0.7% 0.8% 1.2%
admistrative and genral
expense 1.0% 0.9% 3.0% 3.0% 1.6% 1.9% 2.3% 4.5%
2.5% 4.2% 4.8% 4.2% 2.3% 2.7% 3.2% 5.6%
Operating profit 7.1% 19.5% 1.6% 17.9% 49.2% 36.0% 32.3% 11.3%
other operating expenses 0.1% 0.1% 1.5% 0.5% 3.1% 2.5% 2.6% 0.0%
7.0% 19.4% 0.0% 17.4% 46.2% 33.5% 29.7% 11.3%
other operating income 0.6% 1.0% 2.6% 4.9% 0.8% 0.5% 0.3% 0.2%
7.6% 20.4% 2.7% 22.3% 47.0% 34.1% 30.0% 11.5%
Finance cost ### ### 3.6% 1.2% 2.3% 1.4% 1.7% 2.6%
loss on derivatives financial
instruments 0.0% 3.6% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
loss/profit before taxation ### 0.6% ### ### ### ### ### 8.9%
taxation -1.5% -0.2% -4.2% 5.1% 10.7% ### -7.3% 2.3%
loss/profit after taxation -9.0% 0.8% ### ### ### ### ### 6.6%

2010 2009 2008 2007 2006 2005 2004 2003


equity & liability
authorised shares 0.17 0.17 0.2 0.24 0.49 0.61 0.39 0.61
paid up capital ### ### ### ### ### ### ### ###
reserves 0.01 0 0.03 0.06 0.13 0.1 0.13 0.2
accumulated profit 7.17% ### ### ### ### ### ### ###
0.23 0.26 0.31 0.42 0.74 0.65 0.55 0.59
non
long current liabilities
term finances-
secured 0.35 0.35 0.39 0.44 0.08 0.04 0.1 0
liabilities against asset
subject to finance lease
secured 0.02% 0.05% 0.08% 2.15% 4.42% 0.49%
long term security deposits
and retention money 0.02 0.02 0.02 0.02 0 0 0 0
defferd liabilities 0.72% 1.17% 2.04% 3.71% 5.24% 6.31% 8.29% ###
derivatives fianancial
liabilities 0.02 0.02 0 0 0 0 0 0
### ### ### ### ### ### ### ###
Current liabilities
trade and
interest andother payables
markup 0.08 0.06 0.03 0.03 0.07 0.09 0.11 0.11
accured 5.82% 3.63% 0.67% 0.20% 0.06% 0.10% 0.11% 0.00%
short term borrowings-
secured 0.16 0.16 0.14 0.02 0.02 0.03 0.05 0.01
current portion of
noncurrent liabilities 6.88% 7.89% 8.20% 3.54% 1.44% 3.26% 3.24% 1.47%
provision for taxation 0 0 0 0 0.01 0.04 0.01 0.07
- ### ### ### 9.03% ### ### ### ###
total liabilities ### ### ### ### ### ### ### ###
contingencies and
commitments
total liabilities and she 100% 100% 100% 100% 100% 100% 100% 100%

non current assets


property plant and
equipment
operating fixed assets 0.73 0.74 0.12 0.17 0.36 0.35 0.47 0.74
capital work in progress 9.93% 6.78% ### ### ### ### ### 0.28%
### ### ### ### ### ### 9.75% ###
intangibleloans
longterm assets
and 0 0 0 0 0 0 0 0
advances 0.33% 0.39% 0.50% 0.74% 1.61% 0.28% 0.20% 0.32%
longterm deposits 0 0 0 0 0 0.01 0.01 0
### ### ### ### ### ### 1.49% 0.44%
current assets
stores,spares and loose
tools 0.07 0.1 0.09 0.03 0.04 0.05 0.07 0.11
stock in trade 3.35% 1.62% 2.29% 2.03% 2.86% 1.35% 1.19% 2.32%
trade debts 0 0 0 0 0.01 0.01 0.02 0.02
advances,deposits,prepay
ments and other
receivables 4.97% 7.10% 5.33% 1.95% 1.68% 5.44% 4.14% 4.19%
cash and bank balance 0 0 0 0.02 0.21 0.17 0.13 0.06
- ### ### ### 9.50% ### ### ### ###
total assets 1 1 1 1 1 1 1 1
2002 2001
### ###
### ###
32.5% 19.4%

1.1% 0.0%

1.7% 0.0%
2.8% 3.6%
29.7% 15.8%
0.0% 0.0%
29.7% 15.8%
0.1% 0.5%
29.9% 16.2%
5.5% 7.6%

0.0% 0.0%
### 8.0%
9.7% -4.9%
### 3.1%

2002 2001

0.57 0.52
### ###
0.19 0.17
### 0.30%
0.54 0.4

0 0.02

1.72% ###

0 0
### 4.59%

0 0
### ###

0.1 0.08
0.00% 0.00%

0.08 0.1

3.86% ###
0.03 0.02
### ###
### ###

100% 100%

0.75 0.74
0.24% 0.00%
### ###
0 0
0.31% 0.15%
0 0.02
0.42% 2.47%

0.06 0.06
5.77% 5.30%
0.03 0.05

4.02% 3.99%
0.05 0.03
### ###
1 1
2010 2009 2008 2007 2006 2005 2004 2003 2002
Current Ratio 0.62 0.59 1.08 1.17 1.02 0.96 1.18 1.16 1.02
Quick Ratio 0.54 0.50 0.99 1.07 0.89 0.86 0.96 0.98 0.85
Recievable
turnover in days 7.96 8.73 12.00 6.58 3.98 6.40 6.74 7.62 9.71
Inventory
Turnover(in
days) 18.12 24.03 25.95 26.43 18.76 17.37 27.39 28.31 33.79
No. of days in
Payables 72.66 56.70 61.85 66.74 84.21 83.08 63.41 52.94 80.76
RTO
Inventory 68.95 75.44 65.03 104.25 135.37 161.48 99.07 110.50 50.42
Turnover
Total asset 21.47 17.19 21.96 14.04 19.46 25.15 16.85 15.83 11.20
Turnover
Fixed Asset 0.49 0.58 0.40 0.37 0.37 0.44 0.49 0.40 0.42
Turnover 0.75 0.87 0.59 0.52 0.64 0.66 0.77 0.62 0.59
Gross Margins
Operating 0.16 0.32 0.18 0.25 0.47 0.38 0.35 0.20 0.29
Margins
Net Profit 0.04 0.20 0.08 0.18 0.42 0.33 0.31 0.13 0.23
Margins -0.03 0.08 0.02 0.11 0.28 0.25 0.20 0.10 0.08
ROA 0.01 0.08 0.02 0.05 0.13 0.12 0.11 0.04 0.05
ROE
Debt to Asset -0.15 0.11 0.01 0.08 0.33 0.28 0.29 -0.11 0.09
Ratio 10.90 9.61 4.71 7.41 9.89 10.53 9.10 12.87 11.94
Long-term to
Capitalization
Ratio
Debt to Equity 9.54 6.87 0.95 3.57 6.51 8.81 11.13 12.39 11.39
Ratio 2.68 2.35 2.19 2.19 2.27 1.54 2.04 6.55 3.43
Times Interest
Earned 4.53 4.89 1.72 3.92 6.35 17.89 12.43 3.95 2.54

2010 2009 2008 2007 2006 2005 2004 2003 2002


Current ratio 0.43 0.56 0.66 1.05 2.44 1.47 1.24 0.96 0.79
Quickcollection
Avg. ratio 0.34 0.51 0.57 0.83 2.22 1.41 1.19 0.87 0.60
per 2.01 1.91 4.08 5.02 3.39 5.06 6.79 5.74 10.33
Days inv held 31.72 19.62 49.54 37.74 28.44 7.76 6.11 9.98 26.73
Payable days 80.20 78.11 69.12 53.97 69.68 51.87 56.60 48.29 47.31
Receivable t.o 181.36 190.85 89.42 72.67 107.53 72.08 53.79 63.55 35.33
Inv t.o 11.51 18.60 7.37 9.67 12.83 47.06 59.76 36.56 13.66
Payable t.o 4.55 4.67 5.28 6.76 5.24 7.04 6.45 7.56 7.71

Tato 0.42 0.39 0.18 0.25 0.76 1.04 1.10 1.02 1.17
Fato 0.50 0.49 0.22 0.28 1.12 1.53 11.25 1.37 1.54

Gp margin 0.10 0.24 0.06 0.22 0.52 0.39 0.35 0.17 0.32
Op margin 0.07 0.20 0.02 0.18 0.49 0.36 0.32 0.11 0.30
Net margin -0.09 0.01 -0.16 0.16 0.34 0.23 0.21 0.07 0.15
ROA -0.04 0.00 -0.03 0.04 0.26 0.23 0.23 0.07 0.17
ROE -0.17 0.01 -0.10 0.10 0.35 0.36 0.42 0.11 0.32

Debt ratio 0.77 0.74 0.69 0.58 0.26 0.35 0.45 0.41 0.46
Long-term to
total
capitalization
ratio 0.64 0.60 0.58 0.54 0.15 0.17 0.30 0.20 0.22
Debt
Timestointerest
equity 3.42 2.80 2.27 1.40 0.35 0.53 0.83 0.68 0.84
earn 0.39 1.21 0.44 15.15 21.18 26.64 18.50 4.41 5.41
2001
0.56
0.43

11.88

29.35

52.24
35.86
23.52
0.43
0.61
0.13
0.09
0.18
0.07
1.47
13.79

17.97
6.98

0.96

2001
0.57
0.44
21.65
31.48
50.25
16.86
11.59
7.26

0.76
1.03

0.19
0.16
0.03
0.02
0.06

0.60
0.32
1.50
2.07
2010 2009 2008 2007 2006 2005 2004

Gp margin 10% 24% 6% 22% 52% 39% 35%

Op margin 7% 20% 2% 18% 49% 36% 32%

Net margin -9% 1% -16% 16% 34% 23% 21%

ROA -4% 0% -3% 4% 26% 23% 23%

ROE -17% 1% -10% 10% 35% 36% 42%

2010 2009 2008 2007 2006 2005 2004

Debt ratio 0.77 0.74 0.69 0.58 0.26 0.35 0.45

Debt to equity 3.42 2.80 2.27 1.40 0.35 0.53 0.83


Long-term to total
capitalization ratio 0.64 0.60 0.58 0.54 0.15 0.17 0.30

2010 2009 2008 2007 2006 2005 2004


Times interest
earn 0.39 1.21 0.44 15.15 21.18 26.64 18.50

2010 2009 2008 2007 2006 2005 2004


Current ratio 0.43 0.56 0.66 1.05 2.44 1.47 1.24
Quick ratio 0.34 0.51 0.57 0.83 2.22 1.41 1.19

2010 2009 2008 2007 2006 2005 2004

Inv turn over 11.51 18.60 7.37 9.67 12.83 47.06 59.76

Payable turn over 4.55 4.67 5.28 6.76 5.24 7.04 6.45
Receivable turn
over 181.36 190.85 89.42 72.67 107.53 72.08 53.79
2003 2002 2001

17% 32% 19%

11% 30% 16%

7% 15% 3%

7% 17% 2%

11% 32% 6%

2003 2002 2001

0.41 0.46 0.60

0.68 0.84 1.50

0.20 0.22 0.32

2003 2002 2001

4.41 5.41 2.07

2003 2002 2001


0.96 0.79 0.57
0.87 0.60 0.44

2003 2002 2001

36.56 13.66 11.59

7.56 7.71 7.26

63.55 35.33 16.86