Companies:-

Service:- ICICI Bank

Manufacturing:- Grasim Industry
Trading:- Reliance Fresh
 About ICICI
• ICICI Bank started as a wholly owned subsidiary of
ICICI Limited, an Indian financial institution, in 1994.
• ICICI Bank is India's second-largest bank with total
assets of Rs. 3,634.00 billion (US$ 81 billion) at
March 31, 2010 and profit after tax Rs. 40.25 billion
(US$ 896 million) for the year ended March 31,
2010. 
• The Bank has a network of 2,528 branches and 6,000
ATMs in India, and has a presence in 19 countries,
including India. 
 About GRASIM Industry
• Grasim Industries Limited is a Aditya Birla
Group company that started in1948 and which
started as a textile manufacturer. Since then
Grasim has successfully diversified
into Viscose Staple Fiber
(VSF), cement, sponge iron and chemicals.
• Forbes magazine ranks Grasim at 1,380 in its
listing of the 'Forbes 2000 Best Companies'.
 About Reliance Fresh
• A convenient store format, is governed by the
Mukesh Ambani and is the most important
part of Reliance Industries retail Business.
• It comprises more than 560 reliance fresh
stores all over the country.
 Working Capital
ICICI Grasim Reliance Fresh

Particular mar09 mar10 mar09 mar10 mar09 mar10

Sales
36,250.71 30,153.71 10,940.36 8,172.11 177,806.20 208,398.97
Current
asset
34,384.06 29,997.23 3,150.94 1,176.41 23,666.05 28,482.57
Current
liabilities 43,746.43 15,501.18 3,194.43 1,147.25 14,990.14 13,863.12
Working
capital

-9,362.37 14,496.05 -43.49 29.16 23,396.58 35,672.27

 Working capital
ICICI GRASIM Reliance Fresh

Particular mar09 mar10 mar09 mar10 mar09 mar10

Sales
100 100 100 100 100 100
Current
asset
94.85% 99.48% 28.8% 14.4% 13.31% 13.67%
Current
liabilities
120.67% 51.40% 29.2% 14.03% 8.43% 6.65%
Working
capital
-25.83% 48.07% -0.40 0.36% 13.16% 17.11%
 ACCOUNTING RATE OF RETURN
• Accounting rate of return or ARR is a financial
ratio used in capital budgeting. The ratio does
not take into account the concept of time
value of money. ARR calculates the return,
generated from net income of the proposed
capital investment. The ARR is a percentage
return.
 Methods to calculate ARR
Method A:
average income after tax
initial investment
 Method B:
average income Before interest & tax
average investment
year method ICICI Grasim Reliance fresh

2008-09 A 1.53 18.85

B 2.26 33.14

2009-10 A 1.31 14.51

B 2 25.28
 Internal rate of return
• It is a discount rate of project at which the net
present value(NPV) of project becomes zero.

• arr.xlsx
 Capital structure
Sources of fund ICICI Grasim Reliance Fresh
Shares Yes Yes Yes
Loans Yes Yes Yes

Conclusion:
All the companies have raised fund by the issue of
shares and also by borrowing money from outside for
the business.
 Debt Equity Ratio
YEAR PARTICULARS ICICI GRASIM RELIANCE
FRESH

2009 Debt 329417.94 3394.95 177682.67

Equity 49883.02 9477.58 5
2010 Debt 311781.35 1037.62 2100.87
Equity 51618.37 7145.37 5
Ratio 2009 6.60 0.358 35536.53
2010 6.04 0.145 42017.57
 Fixed Assets Turnover Ratio
Year Particulars ICICI GRASIM RELIANCE
FRESH
2009 Sales 31092.55 12129.97 177806.20
Net Fixed 3801.62 7058.65 60722.11
Assets
2010 Sales 25706.93 8915.07 208398.97
Net fixed 3212.69 1786.06 60186.18
Asset
Ratio 2009 8.17 1.71 2.92
2010 8.00 4.99 3.46
 profitability
• Profitability
Company March 09 March 10
ICICI 9.74% 12.17%
GRASIM 14.85% 24.8%
Reliance Fresh -7.60%