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PRAKASH DHANDOLE

MITCON INSTITUTE OF MANAGAMENT


HERO HONDA BALANCE SHEE
HERO HONDA MOTORS LIMITED
BALANCE SHEET AS AT MARCH 31, 2008
(Rupees in crores)

Schedule As at March
As at March
No. 31, 2008
31, 2007

SOURCES OF FUNDS

SHAREHOLDERS' FUNDS
Share capital 39.94
39.94
Reserves and surplus 2,946.30
2,430.12
2,986.24
2,470.06
LOAN FUNDS
Unsecured 132.00
165.17
132.00
APPLICATION OF FUNDS

FIXED ASSETS
Gross block 1,938.78
1800.63
Less: Depreciation 782.52
635.10
Net block 1,156.26
1165.53
Capital work in progress 392.44
189.92
1,548.70
1355.45
PRE - OPERATIVE EXPENSES
(PENDING ALLOCATION) 5 16.05 -
INVESTMENTS 2,566.82
1973.87
DEFERRED TAX ASSETS 5.22
1.38

CURRENT ASSETS, LOANS AND ADVANCES

Inventories 317.10
275.58
Less: CURRENT LIABILITIES AND PROVISIONS

Current liabilities 1,324.98


1041.92
Provisions 499.76
437.24
1,824.74
1479.16
Net current assets (887.96)
(565.89)
TOTAL 3,248.
2764.81
BAJAJ AUTO BALANCE SHEET
RATIO ANALYSIS
• Current ratio = Current Assets
Current Liabilities

 Current ratio of Hero Honda:

Year- 31st March 2007-2008


Current Ratio = 751.32 = 0.41
1824.74
 Quick Ratio = Quick Assets
Current Liabilities
 Quick Ratio of hero honda:
Year 31st March 2007-2008

Quick Ratio = 434.22 = 0.23


1824.74
 Cash Ratio = Cash and bank +
Investments
balances
Current Liabilities
 Cash Ratio of Hero Honda:

Year 31st March 2007-2008


Cash Ratio = 131.09+2566.82 = 1.47
1824.74
Debt Equity Ratio = Debt
Equity

For Here Honda- 31st march 2007-2008

Debt Equity Ratio=


132.00 = 0.04
2986.24
 Debt Equity Ratio = Debt
Equity

FOR BAJAJ AUTO LTD- AS ON 31 ST MARCH 2007-2008

= 1328.34
1587.59

= 0.836
 Debt Asset Ratio = Debt
Asset

 For Hero Honda- 31st March 2007-2008

Debt Asset Ratio =


132.00 = 0.026
5073.57
 Debt Asset Ratio = Debt
Asset

 For BAJAJ AUTO LTD- 31st March 2007-2008

= 1328.34
2994.68

= 0.443
 = Net sales
Average Net Fixed Asset
 For Hero Honda -31st March 2007-2008

= 10331.80 = 9.48
1089.39
 = Net Sales
Avg total assets

 For Hero Honda- 31st March 2007-2008

= 10331.80 = 2.35
4398.52
 = Profit After Tax
Avg Total Assets

 For Hero Honda- 31st March 2007-2008

= 967.88 = 0.22
4398.52
STOCK WORKING CAPITAL
RATIO
= WORKING
STOCK X 100
CAPITAL

WORKING CAPITAL=CURRENT ASSET-CURRENT LIABILITIES


=751.32-1824.74
= -1073.42

= 317.10 X 100
-1073.42

= -29.54

FOR HERO HONDA LTD.AS ON 31ST MARCH 2007-2008


STOCK WORKING CAPITAL
RATIO
= WORKING
STOCK X 100
CAPITAL

WORKING CAPITAL=CURRENT ASSET-CURRENT LIABILITIES


=760.94-1877.29
= -1116.35

= 317.10 X 100
-1073.42

= -29.54

FOR HERO HONDA LTD.AS ON 31ST MARCH 2007-2008


 = Profit After Tax
Avg Total Assets

 For BAJAJ AUTO LTD-AS ON


31st March 2007-2008
= 755.95
3627.93
= 0.21
 P.R.=Shareholders funds /Total assets
 P.R. for hero honda on 31st march 07-08

=2986.24/5073.58
=0.588

P.R. for Bajaj auto ltd. on 31st march 07-08


=1587.59/4941.16
Hero Honda Bajaj
Current ratio 0.41 0.88
Quick ratio 0.23 0.64
Cash ratio 1.47
Debt equity ratio 0.04 0.84
Debt asset ratio 0.026 0.443
Fixed asset turnover 9.48 2.95
ratio
Total asset turnover 2.35
ratio
Return on asset 0.22 0.21
Proprietary ratio 0.58 o.321