Atlas Honda - Financial Analysis

8/18/2019 Atlas Honda - Financial Analysis

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Economy Position

•This sector lies in automobile industry and automobile is the

large scale manufacturing.

• Growth rate is 3.9% in 2014 and 4.0% in 2013.

• ue to increase in G!T from in 10 to 1" percent in 2014 it tu

production of automobile industry in negati#e.


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Common Sizing


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Balance Sheet

Horizontal Analysis


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Horizontal Analysis Balance Sheet

2014 2013 2012 2011 201Particulars vs vs vs vs vs

2013 2012 2011 2010 200

Assets % % % % %

Non Current AssetsProerty Plant ! "#ui$ent 29& 121' 2094 10&*ntan+i,le assets (1393 (134& (100& (113-

.on+ ter$ invest$ents ( ( ( (

.on+ ter$ loans ! a/vances 31' 2)2' ('') 1910

.on+ ter$ /eosits 14&' (4&&0 4&10 ()04

otal non current assets 29- 119- 20-) 112

Current Assets

Stores sares an/ loose tools 2&1 1194 &9' 102Stoc(in(tra/e ()94 04- -90 203)

ra/e /e,ts 10' (139& 4903 (993

.oans ! a/vances &1- 030 (111 (1-19 ra/e /eosits ! reay$ents &20 &4) 213' ()4'

Short ter$ invest$ents 12)-4 119) 912 2291

Accrue/ $ar(u interest (40' 1&&'& (4'9) ''-2ther receiva,les (2)9& ()'91 1-4 3034

a5ation(net ( (9'39 13&01 10000

Ban ,alances 3-9 2-49 2-9 2-34 otal current assets 2-10 '2- 103) 2020

Non current assets classi6e/ as hel/ 7or sale 10000 000 000 000

otal Assets 19)- 9&2 1392 1290

"#uity ! .ia,ilities

"#uity

Share Caital 2)00 1)00 1)00 1)00

8eserves 20&) 2200 1-&1 1939 otal e#uity 2120 204- 1-2) 1'--

Non Current .ia,ilities

.on+ ter$ ,orroin+s ( ( ( (10000(


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Income Statement

Horizontal Analysis


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Horizantal Analysis Pro6t ! .oss State$ent

Particulars 2014 2013 2012 2011 2010

vs vs vs vs vs

2013 2012 2011 2010 2009

% % % % %

Sales )09 113) 1&'' 2-2& ')90

Cost o7 sales 41& 9&' 1-14 2--0 '430

;ross ro6t 14'3 32)4 13-) 2209 10-00

Sales ! $aretin+ e5enses -23 2493 1'4) 1'0) 1)4&0

A/$inistrative e5enses 1099 1)44 '02 1-3' )9'0

ther inco$e 303- 1-)- '31 2)22 1&&40

ther oeratin+ e5enses 1-&1 &2)& &90 1'3& )&'&0

Pro6t 7ro$ oerations 21&& 3)'9 ')0 2&40 9&'0

=))30>

Pro6t ,e7ore ta5ation 21'3 3&2- 14') 3094 20)40

a5ation 14&9 4421 19) 11'3 1'440

Pro6t a7ter ta5ation 2449 33)3 2010 40-2 21-30


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Balance Sheet

Vertical Analysis


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?ertical Analysis Balance SheetParticulars 2014 2013 2012 2011 2010

% % % % %

Assets

Non Current AssetsProerty Plant ! "#ui$ent 31&9 3&'0 3)9& 33'' 3-'4

*ntan+i,le assets 003 00) 00& 00- 009

.on+ ter$ invest$ents ( ( ( ( (

.on+ ter$ loans ! a/vances 01' 021 019 023 022

.on+ ter$ /eosits 00- 00- 014 011 013

otal non current assets 319' 3-13 3&3) 3429 3'29

Current AssetsStores sares an/ loose tools 2-9 32) 31' 339 3-9

Stoc(in(tra/e 1422 1'0- 19-2 20'2 19)3

ra/e /e,ts 3&2 42' )4& 41- )23.oans ! a/vances 02) 02' 030 03) 04'

ra/e /eosits ! reay$ents 03) 040 041 03' 04&

Short ter$ invest$ents 2)-0 13&1 1333 1391 12-'Accrue/ $ar(u interest 00' 010 004 009 00)ther receiva,les 003 00) 014 01& 014

a5ation(net ( 002 14- 0-1 (

Ban ,alances 19'0 22'1 19&1 21-3 192- otal current assets &&'3 &2'- &3&) &)-1 &1-1

Non current assets classi6e/ as Net Sales

Hel/ 7or Sale 119 ( ( ( (

otal Assets 100 100 100 100 100


"#uity

Share Caital -20 &'9 &)& &)0 &3'

8eserves 4-'9 4--2 42'9 41)4 392' otal e#uity ))09 )4&1 494) 4'04 4)&-

Non Current .ia,ilities.on+ ter$ ,orroin+s ( ( ( ( &01:e7erre/ .ia,ilities )-' -22 &&& &-) -04


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Income Statement

Vertical Analysis


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?ertical Analysis Pro6t ! .ossState$ent

Particulars 2014 2013 2012 2011 2010

% % % % %

Sales

10000

10000

10000

10000

10000

Cost o7 sales

=90)0>

=9131>

=92-0>

=92)0>

=921'>

;ross ro6t 9)0 '&9 -30 -)0 -'2

Sales ! $aretin+ e5enses =291>

=2')>

=2)4>

=2)1>

=2-0>

A/$inistrative e5enses =09->

=092>

=0''>

=09&>

=104>

ther inco$e

09) 0-& 0-2 092 094

ther oeratin+ e5enses =0)0>

=04)>

=031>

=034>

=03&>

Pro6t 7ro$ oerations &0& )24 429 4&2 4&&

=002>

=003>

=029>

=044>

Pro6t ,e7ore ta5ation &0) )22 42& 434 422

a5ation =1))>

=142>

=109>

=12)>

=143>

Pro6t a7ter ta5ation

4)0 3'0 31- 30' 2-9


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Forecasted Balance Sheet


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Particulars 201) 201&

Assets

Non Current AssetsProerty Plant ! "#ui$ent 4941''- )393)04

*ntan+i,le assets

43&4 3'&2

.on+ ter$ invest$ents ( (

.on+ ter$ loans ! a/vances 2'-41 314--

.on+ ter$ /eosits

9499 9&4& otal non current assets 49'22&3 )433342

Current Assets

Stores sares an/ loose tools 4203'3 443)29

Stoc(in(tra/e 21'9302 2320)41

ra/e /e,ts ))302) )''9'3

.oans ! a/vances 3)30) 344-0

ra/e /eosits ! reay$ents )3)09 )-1&1Short ter$ invest$ents 409-1)0 ))-'034Accrue/ $ar(u interest 1&'-9 2)4&1

ther receiva,les

43)3 3'3)

a5ation(net ( (

Ban ,alances 32)33&3 3-4&&30 otal current assets 10)319&0 1212)110

Non current assets classi6e/ as

Hel/ 7or Sale 1-14)9 1-14)9

otal Assets 1)&-3)2- 1--143&3


"#uityShare Caital 11)0399 133-33'8eserves -''1-90 93))922

otal e#uity 903090) 10&'9231


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Forecasted Income Statement


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Particulars 201) 201&

Sales

)12149&2 )'9-1409

Cost o7 sales

=4&1)'-'9>

=)2929'34>

;ross ro6t

)103)&4 &1&)13)

Sales ! $aretin+e5enses

=1)1&024>

=1--&22->

A/$inistrative e5enses

=4')-&9>

=)4'-02>

ther inco$e 4'''41 )&'0'4

ther oeratin+e5enses

=2'3022>

=3)-&14>

Pro6t 7ro$ oerations

3320'14 40''22&

=342&>

Pro6t ,e7ore ta5ation

33'-90- 42&-'0)

a5ation

='12'4)>

=9&0)43>


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Ratio Analysis


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8atios 2014 2013 2012 2011 2010

Pro6ta,ility 8atios

;ross Pro6t @ar+in 9)0% '&9% -30% -)0% -'2%

eratin+ Pro6t@ar+in &0&% )24% 429% 4&2% 4&&%

Net Pro6t @ar+in 4)0% 3'0% 31-% 30'% 2-9%

8eturn on Asset 1393% 133'% 1099% 1042% '3&%

8eturn on "#uity 2)29% 24&2% 2222% 21&9% 1'31%

.i#ui/ity 8atios

Current 8atio 1-1 1&) 14) 14) 149

Aci/ est 8atio 134 11- 100 099 102

:e,t 8atios

:e,t 8atio 4491% 4)40% )0))% )19&% )433%

:e,t to "#uity 8atios '1)3% '3)4%10222

%10'14

%11'9'

%

i$es *nterst "arne/8atio

33)&- 22-9- 1392& 1&09 10)-

Asset Activity 8atios

Avera+e CollectionPerio/

42- 444 )-4 4)1 &3-

*nventory urnover8atio 19-1 1-'0 1&30 1)02 141)


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Duo Pont

Analysis


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Proft

Margin

Asset

Turnov

er

Equity

Multiplie

r

2014 4)01% 309% 1'1)% 2)24

3%2013 3'% 3)% 1'40% 244-

%


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Performance

ra!hs


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1 2 3 4 )

0

10000000

20000000

30000000

40000000

)0000000

2014 2013 2012 2011 2010

444-'-134232)2423'011')-

32)21399

2)))4--2

Sales

Aear Sales


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1 2 3 4 )

0

)00000

1000000

1)00000

2000000

2)00000

2014 2013 2012 2011 2010

2001)&01&0-'04

12041091002))& -124)'

Net Ino!e

ear Net *nco$e


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Strengths

•

*ncrease in sales an/ ro6t year ,y year• Control on cost o7 +oo/s sol/ year on year

• Chan+es in :e,t 8atio is a +oo/ si+n

• Co$any has stron+ li#ui/ity osition

• ;oo/ in recovery osition


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"ea#ness

•

*7 their /e,t ratio is +oo/ ,ut increase in lia,ility year ith sa$e ercenta+e is little orry si+n

• A//ition in roerty lant ! e#ui$ent is not +ivheavy eect on sales

• hey are +oo/ in cost ,ut not e5tra ecient in o

e5enses

Atlas Honda - Financial Analysis

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