PUNJAB TRACTORS LIMITED

PARTICULARS For the year ended March, 2005 March, 2004 (Rs. In lakh) BALANCE SHEET: SOURCES OF FUNDS: S.1. Share capital Equity share capital Preference share capital S.2. Reserves and surpluses S.3. Share holders funds (S1+S2) NET WORTH S.4. Loan funds S.5 Deferred tax liabilities TOTAL SOURCES OF FUNDS (S3+S4+S5) APPLICATION OF FUNDS: A.1 Fixed assets (Gross) (GFA) Goodwill A.2 Fixed assets (Net) (NFA) A.3 Investments A.4 Current assets Inventories Sundry debtors Cash and Bank balance Loans and advances Other current assets Total current assets (C.A.) Current liabilities and provisions Current liabilites Provisions Total Current liabilities (C.L.) Net current assets (C.A. - C.L.) (NCA) A.5. Miscellaneous expenditures A.6 Deferred Tax assets TOTAL APPLICATION OF FUNDS = CAPITAL EMPLOYED (A.2.+ A.3+ A.4+A.5+A.6) G.1. Total assets (NFA + INVESTMENTS +CA) G.2 Long term funds (S3+S4) G.3. Total tangible assets (NFA -Goodwill + Inv. + CA)

6075.57 0.00 45166.48 51242.05 3937.68 3195.77 58375.50

6075.57 0.0 42694.03 48769.60 5993.82 3538.33 58301.75

28729.87 0.00 11328.64 1084.92 11194.10 53814.29 462.73 1921.30 0.00 67392.42

28579.85 0.00 12749.30 1022.32 8784.60 52125.59 847.05 2077.17 0.00 63834.41

16399.80 5030.68 21430.48 45961.94 0.00 0.00 58375.50

15116.14 4188.14 19304.28 44530.13 0.00 0.00 58301.75

79805.98 55179.73 79805.98

77606.03 54763.42 77606.03

PROFIT AND LOSS ACCOUNT : INCOME : i.1. Business revenue i.2. Other revenue i.3. Total income (i1+i2) EXPENDITURES: e.1. Operating expenses e.2. Administration, sales and other expenses e.3. Selling and distribution expenses e.4. Others e.5. Total expenses (e1+e2+e3+e4) p.1. PBDIT (i3-e5) e.6 Depreciation p.2. PBIT (p1-e6) e.7. Interest p.3. PBT (p2-e7) e.8 Provision for taxation p.4. PAT (p3-e8) e.9 Extra ordinary items p.5 NPAT AND EOI (Net profit after tax and extra ordinary items) p.6. Preference dividend p.7. EAES (Earnings available for equity share holders) g.4. Gross Profit (i1-e1) RATIO ANALYSIS : A. LIQUIDITY RATIO: A.1. Current ratio (CA / CL) A.2. Liquid ratio (CA-INVENTORIES = QA/CL) A.3. Interval measure Quick assets / Average daily operating expenses B. ACTIVITY RATIO: B.1. Average collection period in days Accounts receivables/ Average daily sales B.2. Fixed assets turnover ratio Sales / NFA B.3. Total assets turnover ratio Sales / TA C. PROFITABILITY RATIO: C.1 Gross profit ratio Gross profit / Sales C.2. Business net profit ratio PAT / Sales C.3. Profit on shareholders investments EAES / Shareholders funds C.4. Profit on capital employed

85801.34 499.06 86300.40

59734.03 595.91 60329.94

61518.78 12892.57 0.00 0.00 74411.35 11889.05 1595.13 10293.92 576.80 9717.12 3427.44 6289.68 0.00 6289.68 0.00 6289.68 24282.56

39805.76 12361.94 0.00 0.00 52167.70 8162.24 1645.46 6516.78 980.55 5536.23 1608.48 3927.75 -0.52 3927.23 0.00 3927.23 19928.27

3.14 2.62 333.43

3.31 2.85 504.78

228.93

318.51

7.57 1.08

4.69 0.77

28.30 7.29 12.27

33.36 6.51 8.05

PBIT - Tax / Capital employed C.5. Return on net worth EAES / Net worth C.6. Cash profit ratio PAT + Depreciation / Sales D. LEVERAGES: D.1. Proprietory ratio Net worth / Total assets D.2. Fixed assets ratio Depreciated value of fixed assets /NW D.3 Current assets to proprietors funds Current assets / Net worth D.4. Total liabilites to proprietors funds Long term and short term debts / NW E. SOLVENCY RATIO: E.1. Shareholders equity ratio Shareholders equity / Total tangible assets E.2. Fixed assets to long term funds ratio Fixed assets / Long term funds

11.76 12.27 9.14

8.42 8.05 9.24

0.64 0.22 1.32 0.50

0.63 0.26 1.31 0.52

0.64 0.21

0.63 0.23

TATA MOTORS LIMITED

PARTICULARS For the year ended March, 2005 (Rs. In lakh) BALANCE SHEET: SOURCES OF FUNDS: S.1. Share capital Equity share capital Preference share capital S.2. Reserves and surpluses S.3. Share holders funds (S1+S2) NET WORTH S.4. Loan funds S.5. Deferred tax liabilities TOTAL SOURCES OF FUNDS (S3+S4+S5) APPLICATION OF FUNDS: A.1 Fixed assets (Gross) (GFA) Goodwill A.2 Fixed assets (Net) (NFA) A.3 Investments A.4 Current assets Inventories Sundry debtors Cash and Bank balance Loans and advances Interest accrued on investments Total current assets (C.A.) Current liabilities and provisions Current liabilites Provisions Total Current liabilities (C.L.) Net current assets (C.A. - C.L.) (NCA) A.5. Miscellaneous expenditures A.6 Deferred Tax assets TOTAL APPLICATION OF FUNDS = CAPITAL EMPLOYED (A.2.+ A.3+ A.4+A.5+A.6) G.1. Total assets (NFA + INVESTMENTS +CA) G.2 Long term funds (S3+S4) G.3. Total tangible assets (NFA -Goodwill + Inv. + CA) March, 2004

36179 0 374960 411139 249542 56528 717209

35683 0 323677 359360 125977 51415 536752

715079 0 369651 291206 160136 81132 200504 272235 612 714619

627149 0 324780 305677 114744 61499 77049 116275 3 369570

547477 112606 660083 54536 1816 0 717209

422430 43064 465494 -95924 2219 0 536752

1375476 660681 1375476

1000027 485337 1000027

PROFIT AND LOSS ACCOUNT : INCOME : i.1. Business revenue i.2. Other revenue i.3. Total income (i1+i2) EXPENDITURES: e.1. Operating expenses e.2. Administration, selling and other expenses e.3. Product development expenses e.4. Others e.5. Total expenses (e1+e2+e3+e4) p.1. PBDIT (i3-e5) e.6 Depreciation p.2. PBIT (p1-e6) e.7. Interest p.3. PBT (p2-e7) e.8 Provision for taxation p.4. PAT (p3-e8) e.9 Extra ordinary items p.5 NPAT AND EOI (Net profit after tax and extra ordinary items) p.6. Preference dividend p.7. EAES (Earnings available for equity share holders) g.4. Gross Profit (i1-e1) RATIO ANALYSIS : A. LIQUIDITY RATIO: A.1. Current ratio (CA / CL) A.2. Liquid ratio (CA-INVENTORIES = QA/CL) A.3. Interval measure Quick assets / Average daily operating expenses B. ACTIVITY RATIO: B.1. Average collection period in days Accounts receivables/ Average daily sales B.2. Fixed assets turnover ratio Sales / NFA B.3. Total assets turnover ratio Sales / TA C. PROFITABILITY RATIO: C.1 Gross profit ratio Gross profit / Sales C.2. Business net profit ratio PAT / Sales C.3. Profit on shareholders investments EAES / Shareholders funds C.4. Profit on capital employed

1741913 16609 1758522

1322322 5890 1328212

1309805 214999 6712 0 1531516 227006 45016 181990 15415 166575 41495 125080 1385 123695 0 123695 432108

960956 173186 5164 0 1139306 188906 38260 150646 16126 134520 48200 86320 5286 81034 0 81034 361366

1.08 0.84 154.52

0.79 0.55 96.79

17.00

16.98

4.71 1.27

4.07 1.32

24.81 7.11 30.09

27.33 6.50 22.55

PBIT - Tax / Capital employed C.5. Return on net worth EAES / Net worth C.6. Cash profit ratio PAT + Depreciation / Sales D. LEVERAGES: D.1. Proprietory ratio Net worth / Total assets D.2. Fixed assets ratio Depreciated value of fixed assets /NW D.3 Current assets to proprietors funds Current assets / Net worth D.4. Total liabilites to proprietors funds Long term and short term debts / NW E. SOLVENCY RATIO: E.1. Shareholders equity ratio Shareholders equity / Total tangible assets E.2. Fixed assets to long term funds ratio Fixed assets / Long term funds

19.59 30.09 9.67

19.09 22.55 9.38

0.30 0.90 1.74 2.21

0.36 0.90 1.03 1.65

0.30 0.56

0.36 0.67

LML LIMITED
PARTICULARS For the year ended March, 2005 Sept., 2003 (18 MONTHS) (Rs. In lakh)

BALANCE SHEET: SOURCES OF FUNDS: S.1. Share capital Equity share capital Preference share capital Share application money pending allotment Warrants S.2. Reserves and surpluses S.3. Share holders funds (S1+S2) NET WORTH S.4. Loan funds

4894.10 11842.52 404.12 133.11 6564.77 23838.62 21248.74

4365.56 0.00 0.00 0.00 4487.60 8853.16 27760.17

TOTAL SOURCES OF FUNDS (S3+S4+S5) APPLICATION OF FUNDS: A.1 Fixed assets (Gross) (GFA) Goodwill A.2 Fixed assets (Net) (NFA) A.3 Investments A.4 Current assets Inventories Sundry debtors Cash and Bank balance Loans and advances Total current assets (C.A.) Current liabilities and provisions Current liabilites Provisions Total Current liabilities (C.L.) Net current assets (C.A. - C.L.) (NCA) A.5. Miscellaneous expenditures A.6 Profit and loss account Debit balance A.7 Deferred Tax Assets TOTAL APPLICATION OF FUNDS = CAPITAL EMPLOYED (A.2.+ A.3+ A.4+A.5+A.6) G.1. Total assets (NFA + INVESTMENTS +CA) G.2 Long term funds (S3+S4)

45087.36

36613.33

52760.07 0.00 24025.73 3.86 12018.51 1405.62 9980.56 4840.98 28245.67

52710.44 0.00 26065.93 20.31 16095.47 2073.77 4386.42 7427.88 29983.54

30596.86 818.22 31415.08 -3169.41 1067.95 15336.60 7822.63 45087.36

30059.57 915.94 30975.51 -991.97 2823.09 5705.58 2990.39 36613.33

52275.26 45087.36

56069.78 36613.33

G.3. Total tangible assets (NFA -Goodwill + Inv. + CA) PROFIT AND LOSS ACCOUNT : INCOME : i.1. Business revenue i.2. Other revenue i.3. Total income (i1+i2) EXPENDITURES: e.1. Operating expenses e.2. Administration, sales and other expenses e.3. Prior period adjustments e.4. Exceptional items e.5. Total expenses (e1+e2+e3+e4) p.1. PBDIT (i3-e5) e.6 Depreciation p.2. PBIT (p1-e6) e.7. Interest p.3. PBT (p2-e7) e.8 Provision for taxation p.4. PAT (p3-e8) e.9 Extra ordinary items p.5 NPAT AND EOI (Net profit after tax and extra ordinary items) p.6. Preference dividend p.7. EAES (Earnings available for equity share holders) g.4. Gross Profit (i1-e1) RATIO ANALYSIS : A. LIQUIDITY RATIO: A.1. Current ratio (CA / CL) A.2. Liquid ratio (CA-INVENTORIES = QA/CL) A.3. Interval measure Quick assets / Average daily operating expenses B. ACTIVITY RATIO: B.1. Average collection period in days Accounts receivables/ Average daily sales B.2. Fixed assets turnover ratio Sales / NFA B.3. Total assets turnover ratio Sales / TA C. PROFITABILITY RATIO: C.1 Gross profit ratio Gross profit / Sales C.2. Business net profit ratio PAT / Sales C.3. Profit on shareholders investments

52275.26

56069.78

59469.74 3345.10 62814.84

94625.38 2359.36 96984.74

47352.07 25767.91 70.47 -1933.14 71257.31 -8442.47 4057.40 -12499.87 1963.39 -14463.26 4832.24 -9631.02 0.00 -9631.02 0.00 -9631.02 12117.67

68182.51 25426.36 27.56 0.00 93636.43 3348.31 4195.54 -847.23 5271.02 -6118.25 2250.12 -3868.13 0.00 -3868.13 0.00 -3868.13 26442.87

0.90 0.52 125.08

0.97 0.45 74.35

8.63

8.00

2.48 1.14

3.63 1.69

20.38 -15.33

27.94 -3.99

EAES / Shareholders funds C.4. Profit on capital employed PBIT - Tax / Capital employed C.5. Return on net worth EAES / Net worth C.6. Cash profit ratio PAT + Depreciation / Sales D. LEVERAGES: D.1. Proprietory ratio Net worth / Total assets D.2. Fixed assets ratio Depreciated value of fixed assets /NW D.3 Current assets to proprietors funds Current assets / Net worth D.4. Total liabilites to proprietors funds Long term and short term debts / NW E. SOLVENCY RATIO: E.1. Shareholders equity ratio Shareholders equity / Total tangible assets E.2. Fixed assets to long term funds ratio Fixed assets / Long term funds

-40.40 -38.44 -40.40 -8.87

-43.69 -8.46 -43.69 0.34

0.46 1.01 1.18 2.21

0.16 2.94 3.39 6.63

0.22 0.53

0.16 0.71