Luminous Report

LUMINOUS ENGG. & TECH. SERVICE PVT. LTD

LOVELY PROFESSIONAL UNIVERSITY DEPARTMENT OF MANAGEMENT REPORT OF SUMMER TRAINING ON

“FINANCIAL STATEMENT” SUBMITTED TO

LOVELY PROFESSIONAL UNIVERSITY

SUBMITTED BY

“Megha Singh” REG NO: 11006957 UNDER THE GUIDANCE OF

“Mr. Rajesh Negi” (Sr. Manager, F& A)

Lovely professional university

Page 1


Table of contents Chapter

titles

1 2

Declaration

5

3

Acknowledgement

3 4

page no.

4

Preface EXECUTIVE SUMMARY

5 6-7

OBJECTIVE OF THE PROJECT

8

6

Company profile

9-14

7

Swot analysis

15 - 16

8

History of the company

17- 20

9

Management Team

21- 22

10

Detail About the Company

23-33

11

Main Product of the company

34- 49

12 13

Awards RESEARCH METHODOLOGY

50 51- 53

14

Financial statement

15

Introduction

55- 56

16

annual report

58- 59

17

Financial statement analysis

54

60-64

18

Data Analysis

65-72

19

Data interpretation

73 -77

19

Conclusion and Recommendation

78-80

20

limitation

81

21

Literature review

82-84

22

BIBLIOGRAPHY


85 Page 2


DECLARATION I, MEGHA SINGH undersigned, a student, LOVELY PROFESSIONAL UNIVERSITY, JALANDHAR, declare that project report titled “Financial Statement” submitted in partial fulfillment of the requirement for the prestigious degree of “Bachelor of Business Administration”. The project duration was from “11th June 2012 to 25nd July 2012”. This is my original work and has not been submitted as part of another degree or diploma of other business school or university. The findings and conclusions of this report are based on my personal study and experience during the tenure of my summer internship.

Name: MEGHA SINGH LOVELY PROFESSIONAL UNIVERSITY JALANDHAR

Signature: Megha Singh Date: 25nd July 2012 Place: LUMINOUS (DELHI)


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ACKNOWLEDGEMENT

I would like to extend my gratitude to “Mr. Rajesh Negi” (Sr. Manager, F& A in Luminous) for giving me opportunity to work in such an important sphere and sharing his vision and experience. He provides me the opportunity to learn and complete my Summer Internship in this esteemed organization. I also take the opportunity to thanks LOVELY PROFESSIONAL UNIVERSITY for the guidance and invaluable inputs in the development of the project and in terms of managing the real time issues that we faced in the corporate world. Last, but not the least I would like to extend my thanks to all the employees at finance department, my family and friends for their cooperation, valuable information and feedback during my project. MEGHA SINGH Lovely Professional University Jalandhar


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PREFACE

I have been completed summer training in luminous engg. and technology pvt. ltd. With the summer training in this company, I hope to reach a much wider section of the financial report and annual report in this industry. This financial statement helps us to improve our sells and marketing. We can decide our profit of loss and further improvement in the industry. I will be grateful to LUMINOUS for giving me the opportunity to be part of this repudiated organization and help me throughout in understanding some of the important facts concerned with this prestigious institution. During the training Mr. Sumanta Prasad and Rajesh Negi which helped me in the formulation technique. I am grateful to them for their keen interest in my project.


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EXECUTIVE SUMMARY

A financial statement is a formal record of the financial activities of a business, person, or other entity. Financial statements are records that provide an indication of an individual‟s, organizations, or business‟ financial status. Income financial statements present information concerning the revenue earned by a company in a specified time period. Income statements also show the company‟s expenses in attaining the income and shareholder earnings per share. Financial statement analysis involves careful selection of data from financial statements for the primary purpose of forecasting the financial health of the company. This is accomplished by examining trends in key financial data, comparing financial data across companies, and analyzing key financial ratios. This project explains in detail the concept of financial statement of the company and how it is operated in an organization. Various ratio analyses have been taken out on the basis of data provided so as to find out the trends of financial statement in the Luminous Engg. & Tech. Service Pvt. Ltd. There is the brief study of the LUMINOUS Inverter Company. In order to draw conclusion about the Financial position of the company, the present financial statement of the company should be compare with the previous one. Every company have their Summary of revenues, expenses and net income (or net loss) of a firm. Their income and balance sheet are used to know the position of the company in an accounting period. LETS is a mutidisplinary design engineered and geometrics service provider. LETS has been supporting its customers globally for more than 15 years and is one of the most cost effective and reliable services provider in the area of design engineering and geospatial knowledge process with presence in three continents. Engineering services includes complete design, drafting and detailing in the field of green energy, land development, structural, architectural, transportation, oil & gas and MEP Lovely professional university

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engineering. Our energy, water, land, building and infrastructure group is highly experienced in code based engineering designing and drafting in multiple developed and developing countries worldwide. Geometrics service includes urban mapping solution, utility information system, land information system, land cadastral mapping , topographic mapping and surface modeling, forestry mapping, geological mapping and flood mapping. LETS also provides data processing, quality control and data modeling services with the help of our very qualified and experienced consortium member worldwide. Telecom and wireless group at LETS has extensive experience in the area of construction engineering and design (A&E services) for wireless and telecom sites and tower for major carries across the globe. LETS have ability to provide cost- effective services that are scalable for the entire telecom and wireless engineering and they construct life-cycle to provide the clients the strength for their fast and optimized growth. The company financial position provide the cost effective methods. Though, this company will able to know the profit of and growth of the company and can easily know their future budgets and profit margins.


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OBJECTIVE OF THE PROJECT  To understand the concept of FINANCAIL SATATEMENT.

 To understand the techniques and processes of preparation of FINANCAIL STATEMENT at LUMINOUS.

 To analyze the effectiveness and efficiency of the existing financial position to Control system.

 To compare the working capital position of luminous with other players in the market.

 To find out areas of weakness, if any.


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Luminous Engineering & Technology Services (LETS)


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Company profile

Evolve > Enable > Excel


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AN OVERVIEW OF THE COMPANY Luminous Engineering & Technology Services (LETS), an ISO-9001 certified, is a decade young vibrant organization providing solution in the domains of engineering services, GIS, software consulting & development to diverse worldwide clients. LETS is providing comprehensive professional consultancy services for all facets of planning, preliminary and detailed engineering design, GIS & IT projects. LETS has emerged as a fore-runner in offering technically sound and cost effective solutions, which have received client appreciation and satisfaction. With a team of about 140+ experienced engineers/GIS & software professionals, LETS, constantly strives to offer value to clients in the form of domain expertise, technical knowledge and process orientation. This arm of the use 45 million LETS of companies has expertise in: 

Setting up of resource centers.



Providing high- end engineering services (land development, transportation, architectural, publics works, process engineering).



Providing end to end GIS application & data conversion services.



Providing comprehensive CAD related digital data creation



Developing GIS software solution, GIS application customization and product, maintenance & support and it enable services. LETS is a rapidly evolving information technology company that provide back office engineering services, application development and software consulting in the GIS domain to clients across the world.

Luminous Power Technologies (P) Limited, today a leading company delivering high quality power products for home and commercial applications. Luminous Engineering & Technology Services Private Limited, pronounced "Luminous ETS" is a rising organization providing solutions in the domains of Multidisciplinary Engineering Design & Geometrics Services to global market. It is one of the fastest growing Engineering Services off-shoring vendors in India. Luminous ETS is a part of SAR Group. The company's group portfolio includes “Power Backup, Industrial Batteries, Renewable & Alternate Energy solutions like Solar, Lovely professional university

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Wind & Hybrid solutions, Infrastructure Solutions for IT & Telecom, Diesels Generator Sets and Home Electrical Products.” Luminous, apart from its dominating position in the domestic market, has a strong foothold worldwide. Luminous has been consistently winning awards & accolades for market leadership and product reliability in domestic as well as international area. With over 3000 employees, 8 manufacturing units in India and 1 manufacturing unit in China, 28 sales offices and more than 25000 channel partners, Luminous is strongly moving towards realizing its vision to be a globally admired corporation in the field of packaged power, distributed power generation, energy optimization & home electrical products. Luminous, known for its excellent after sales service, now goes a step ahead in winning your trust by providing a special post warranty service for inverters, batteries, and UPS and water purifiers. This initiative ensures a complete peace of mind for our customers and takes care of all product related worries during and after the warranty period. It's just another way of telling our customers that 'we care'. Luminous offers a world class range of inverters and long backup UPS which have seen the light of the day only after going through extensive research and development worth millions of dollars. Our undiluted focus on the dynamic power requirements of the customer has driven us to continuously innovate and come out with technologies which have become a benchmark for the whole industry and resulted in products offering great value to the consumer, no doubt we are the leaders in the domestic market and strive to be a prominent international player in the segment. The PV modules offered by Luminous are specially designed to meet the requirements of the market and are available in various ranges from 3W to 255W using well proven and field tested technology of crystalline silicon solar cells. These high quality and high


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performance modules are suitable for power generation and tested visually, mechanically and electrically according to the standard test conditions applicable worldwide. Luminous Power Technologies is in an aggressive expansion mode with the latest offering being DG Sets. This state of the art residential DG Sets will make sure that your family will enjoy life uninterrupted while at home or away.

Luminous policies direct at Customer end - response within 24 hours. Dealer / Distributor level Service - Based on Pre Journey Plan


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Batteries Inverters UPS system luminous

DG system Package power system Solar PV modules Electrical


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weekness

threats

swot analysis

oppertunity

strengths

Swot analysis Opportunity 

As There is many subsidiary of the luminous industry so its help in the growth of the company in coming year

  

There are rapid Growing international and domestic markets. The Retain customers by quality supplies and timely deliveries of the product. The company has Product diversification. There is lot of scope for diversification into other products



The company having High investment in infrastructure sector


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Strengths 

The company has easy availability of raw materials and other inputs for their production.



Strong supply chain in the market



They have Well-established linkages with buyers with domestic and international



Company having Low cost, high skilled labour for their production and growth.

 

They have huge institutional support for technical services, designing, manpower development and marketing. Use of modern technology.

Threats 

There are High duties and taxes from the government which may cause slow in the growth of the company.



Global slowdown in the economic

 

Fast changing in the technology As much company was in this field of power and technology so it has hard competition to be in market.

Weakness   

Because of the many competitors in this field, its growth for new product makes their production low. The company is not properly stabilized in the many states. unfamiliar rural markets


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History of the company Company was founded in 1988 by Mr. Rakesh Malhotra, the SAR Group is a Delhi based group of companies which started with the marketing and distribution of DB UPS and Standard Batteries. SAR has also handled the distribution of Lubricants for some time. 1992- Direct Sales of Luminous Inverters. 1994- Luminous Inverter Channel Sales initiated. Luminous UPS Launched. 1997- Sar Softech Pvt. Ltd. is established. Sar Adventure Tourism & Holidays Pvt. Ltd. is established. 1998- Luminous Inverter Channel Sales Delhi NCR. 1999- Luminous Inverter Channel - North India. 2002- Luminous Inverter Channel - National Penetration initiated. Luminous LPG Geysers Launched. Tez Inverters Launched. 2003- Luminous Inverter National Reach through 100 plus distributors and 4000 plus resellers and growing. Luminous Electric Storage Geysers Launched: February 2003. India's First Zero Pollution Inverter Launched - Luminous Bi2 Zero P: May 2003 Luminous Tiranga Inverters Launched: July 2003 Luminous Water Purifiers (UV and RO) Launched in Delhi & NCR. Luminous LPG Geysers Launched: November 2003 Luminous Emergency Light Launched: November 2003

2004- Tez LPG Geyser Launched: January 2004 Luminous Eagle Picher Technology Tie-Up: Feb 2004 Luminous Coolers Launched: March 2004 Tez Coolers Launched: March 2004 Luminous EaglePicher Batteries Launched: April 2004


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Luminous iON Inverter Launched:August 2004

2005- Luminous Minimax Inverter Launched: February 2005 Luminous Crystal RO Water Purifier Launched: March 2005 Luminous Home UPS Launched: May 2005 Luminous Sinewave Inverters Launched: May 2005

Mr. Rakesh Malhotra,CEO “Rakesh Malhotra, Founder and CEO, Luminous Power Technologies said: "The Indian consumer is always looking for value for money products and so without compromising with the quality and performance, we still provide easy-on-pocket products to our customers.”


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Vision and mission Vision We want to be among the top engineering design support services companies in India in the next few years, providing quality engineering services to a global customer base in our chosen domains. To be a global leader in the field of Packaged Energy, Power Products, Distributed Power Generation and Environment friendly new Technologies.

Mission To deliver superior products at competitive prices to worldwide customers and superior financial performance to our stake holders by constant innovation in technology and constant improvement in operational efficiency.

Quality Policy / Processes Luminous ETS shall strive to delight customers for the global market by providing on time, efficient and cost effective Information Technology enabled engineering services and software products through total involvement of its people, continual improvement of processes and using cutting edge technology. Objective To work with the dynamic goal oriented organization. The knowledged and skilled persons will provide with an opportunity to contribute as a part of the high performance team. and to give customers a good quality of services.


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Corporate Philosophy



We will constantly listen and respond to our Employees, End Customers, Channel Partners and Suppliers.



All our products and processes will be associated to meet the end customer needs.



We will constantly improve the quality of our products and services.



We will be a lean and flexible organization that quickly and correctly responds to business opportunities.



All our employees, suppliers and channel partners must make a measurable, positive contribution towards the success of our business.



All aspects of our business will be quantified and performance measurement will be directly linked to business decisions, compensation and rewards.



We will create a work environment where employees are encouraged and rewarded for innovation and continuous improvement.


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Management Team

Rakesh Malhotra - Founder Mr. Malhotra, is the promoter of LETS. Mr. Malhotra is an Electronics Engineer by profession and has close to 30 years of experience in business and business management, including being the promoter of the Luminous Group. Mr. Malhotra has oversight of the overall growth and progress of the company and actively participating in the overseas marketing and strategic tie-up activities.

Swarup Chakrabarti - CEO & Director Mr. Chakrabarti is a Mechanical Engineer by profession with more than 18 years experience in the GIS and Engineering services business. He has worked in large companies like L&T including a time of 3 years spent in the USA in managing business development and projects. Mr. Chakrabarti is the overall head of all day-to-day activities in operations and business development.

Dr. Prabhudatta Mohapatra - CEO, LETS Inc. Dr. Mohapatra is an Environmental Scientist by profession and has about 25 years of experience in managing business and business operations. Dr. Mohapatra is the head of the LETS operations in USA and leads all efforts in client engagement, business development and local administration.

Manjit Sandhu - VP, Strategic Alliances and JV Mr. Sandhu is a Civil Engineer from IIT with an MBA from IIM Bangalore and has been settled in the USA for the last 28 years. He has held several senior managerial positions with corporations like L&T and Eicher and is engaged as an advisor on strategic alliances and JVs for the North American market.

Raja Mohanty - Sr. VP, Operations


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Raja is an MBA with close to 20 years of diverse experience in various fields including several different roles relating to HR and Administration. He has been associated with the group for close to 10 years.

Kishore Das - VP, Operations Kishore is a qualified Company Secretary with close to 20 years of diverse experience in various fields including project execution in Remote locations. He has been associated with the group for close to 6 years.

K. Sreenivas - VP, Quality and Process Engineering Sreenivas is a Graduate Mechanical Engineer with a Masters in Industrial Engineering with over 23 years experience in Quality and Process Engineering. He has spent about 10 years in various roles in manufacturing operations and then spent about 13 years in GIS and Engineering Services companies including InfoTech Enterprises and Avionics.

A. Ramgopal Raju - General Manager, GIS Ram Gopal has a Master of Technology in Remote Sensing & GIS (Spatial Information Technology) from JNTU, Hyderabad and has about 12 years of working experience in various roles in the field of GIS and Remote Sensing. Ramgopal manages the Quality and Support for all GIS projects in LETS.

Kapil Sharma - General Manager, Business Development A Senior Executive, (MBA in Sales) with over 13 years of International and domestic experience in International sales management and business development in the high tech ITES industry. Strategic thinker with excellent problem solving, client handling and people management skills in cross cultural/global environments. HE is Responsible for "Geospatial and Telecom A&E services" in Americas.


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Detail About the Company

Luminous Power Technologies Pvt Ltd. - Alternative Energy - Deals and Alliances Profile Luminous Power Technologies (P) Limited (Luminous Power) is an Indian company delivering high quality power products for home and commercial applications. Its business line includes products and services in telecom infrastructure & renewable energy systems like solar, wind and hybrid solutions. The company's portfolio comprises “Power Backup, Power Storage, Distributed Power Generation, Renewable & Alternate Energy solutions and Physical infrastructure solutions for IT & Telecom, Engineering Design & Support services, Plug-in Hybrid Electric Vehicles and mobile phones & accessories”. It also focuses on technology development on the areas such as power electronics, batteries and stored energy, packaged power and renewable energy system. The company's Enterprise Business Group (EBG) provides complete solution in enterprise-wide power & connectivity solutions to corporate offices, telecommunication service providers, data centers, health care centers and process industries. Its Global Technology Centers located in India, United States & China deliver high technology products following its proprietary UGC (Universal Grid Compatibility) process. The company's client list comprises “Indian corporations, telecommunication, banking and finance, it and software, press and media companies, government organizations, medical and diagnostics institutions and engineering and projects sector”. It operates domestically and internationally in 32 countries worldwide. The company has production facilities for batteries, inverters, tubular battery and telecom infrastructure, available in India and China. Luminous Power is headquartered in New Delhi, India.


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Luminous Power received “Frost & Sullivan Industry Technological Leadership Award” for “Market penetration in DC-AC Inverters in Non Renewable Energy markets in Asia Pacific”.

Luminous Power Technologies Pvt Ltd. - Alternative Energy - Deals and Alliances Profile provides you comprehensive data and trend analysis of the company's mergers and acquisitions (M&As), partnerships and financings. The report provides detailed information on Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnership transactions recorded by the company over a five year period. The report offers detailed comparative data on the number of deals and their value categorized into deal types, sub-sector and regions. Global Data derived the data presented in this report from proprietary in-house, alternative energy track deals database, and primary and secondary research.


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Scope



Financial Deals - Analysis of the company's financial deals including Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnerships.



Deals by Year - Chart and table displaying information encompassing the number of deals and value reported by the company by year, for a five year period.



Deals by Type - Chart and table depicting information including the number of deals and value reported by the company by type such as Mergers and Acquisitions, Equity/Debt Offering etc.



Deals by Region - presenting information on the number of deals and value reported by the company by region, which includes North America, Europe, Asia Pacific, the Middle East and Africa and South and Central America.



Deals by Sub-sector - showing information on the number of deals and value reported by the company, by sub-sector.



Major Deals - Information on the company's major financial deals. Each such deal has a brief summary, deal type, deal rationale; and deal financials and target Company's (major public companies) key financial metrics and ratios.



Business Description - A brief description of the company's operations.



Key Employees - A list of the key executives of the company.



Important Locations and Subsidiaries - A list and contact details of key centers of operation and subsidiaries of the company.



Key Competitors - A list of the key competitors of the company.



Key Recent Developments - A brief on recent news about the company.


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Some of the major satisfied Clients INDIAN CORPORATIONS         

ESCORTS TATA STEEL TELCO Jindal strips limited L&T HERO HONDA THERMAX LG Electronics Maruti udyog limited

TELECOMMUNICATION COMPANIES       

MTNL BSNL BHARTI AIRTEL Reliance Tata Tele-services HFCL ORG Telecom

BANKING AND FINANCE COMPANIES           

RESERVE BANK OF INDIA AMERICAN EXPRESS CITI BANK BANK OF AMERICA ABN AMRO BANK CANARA BANK STANDARD CHARTERD BANK CENTRAL BANK OF INDIA B ANK OF INDIA PUNJAB NATIONAL BANK CITI FINANCIAL

IT AND SOFTWARE COMPANIES           

IBM Wipro HCL Info Systems Tata Consultancy Services STPI Cadence Perot System Aricent software Mentor graphics Sapient Delsoft


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           

Satyam Computers daksh.com naukri.com Dilithium Software Progressive InfoTech CMS Computers Competent Software Scicom InfoTech Sequence Design Interra Software Ramtech I-Gate

GOVERNMENT ORGANISATIONS                   

Directorate of Income Tax Department of Telecommunications National Airport Authority of In IMD Indian Navy Hindustan Aeronautical Limited Power Finance Corporation of In Indian Oil Corporation Indian Railway Metro Railway Centre for Rail Information Systems Customs and Central Excise Hindustan Pre Fab Delhi State Industrial Development Corporation Delhi Tourism & Transportation Development Corporation Army Headquarters Bharat Petroleum Corporation National Informatics Centre ONGC

PRESS AND MEDIA COMPANIES

 Prasar Bharti  Times of India  The Pioneer  Indian Express  India Today  Business Today  New Delhi Television Lovely professional university

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 TV Today  CNBC India  Thomson Press  Amar Ujala  CNN - IBN HOTELS AND AIRLINES  The Oberoi  Hyatt Regency  ITC Welcome Group of Hotels  AIR India  Lufthansa  KLM Dutch Royal Airlines  Jet Airways  Sahara Airlines  Interglobe  Royal Palms

MULTI-NATIONAL CORPORATIONS  GE  CocaCola  Phillips  Rolls Royce  Avery Dennison  Colliers Jar dine  GAP International  Cushman Wakefield  Associated Merchandising Corporation  Samsung  ICI Limited  ITC Limited  Cargill Foods  Whirlpool Lovely professional university

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 Becton & Dickinson

MEDICAL AND DIAGNOSTIC  Escorts Heart  National Heart & Lung Institute  MRI Scan Centre  Indian Spinal Injuries Centre  Wipro GE Medical Systems  SIEMENS  Hemlata Hospital  Fortis Healthcare  Shimadzu  Johnson & Johnson  Advance Medicare Research Institute  Jessaram Hospital

ENGINEERING AND PROJECTS  Himachal Pradesh State Electricity Board  Power Grid Corporation of India  National Hydro Power Corporation  SIEMENS  Allen Bradley  Alstom  ABB  EIL  TATA Honeywell  DS Constructions  Sterling & Wilson


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Location of company Luminous Power Technologies Pvt. Ltd.

 Corporate Office: C 8 & C 9 Community Center Behind Janak Cinema Complex, Janakpuri New Delhi – 110058

 Manufacturing Facilities: Lead Acid Battery /Tubular Battery/ VRLA Batteries Luminous Power Technologies Pvt. Ltd (Unit-I) Village-Ramnagar, P.O. Gagret, Tehsil-Amb, Distt.-Una (H.P.)

 Luminous Power Technologies Pvt. Ltd. (Unit-II): Plot No. 3, 3-A & 4, Industrial Area, Gagret, Tehsil-Amb, Distt- Una, Himachal Pradesh

 Luminous Power Technologies Pvt. Ltd. (Unit-III): Dev Nagar, P.O. Gagret, Tehsil-Amb, Distt.- Una (H.P.)

 Power Electronics: Luminous Power Technologies (P) Limited Village Malpur, P.O. Bhud, Baddi, Tehsil Nalagarh Himachal Pradesh – 173205


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Branches  Punjab (Kapurthala)  Rajasthan(Jaipur)  Jammu & Kashmir(Jammu)  Assam(Guwahati)  Uttar Pradesh(Ghaziabad)  Lucknow  Uttarakhand(Dehradun)  Haryana(Sonepat)  Gurgaon  Maharashtra(Pune)  Gujrat(Ahmedabad) 

Bihar(Patna)

 Jharkhand(Ranchi)  Chattisgarh(Raipur)  Chandigarh  Madhya Pradesh(Indore)  West Bengal(Kolkatta)  Karnataka(Bangalore, Mangalore)  Tamilnadu(Chennai, Coimbatore, Madurai, Trichy) 

Orissa(Bhubaneswar)


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Policies Luminous Power Technologies Pvt. Ltd. renders the following category of service across the country:

Category - 1: Direct at Customer end - response with in 24 Hrs Category - 2: Dealer / Distributor level Service - Based on Pre Journey Plan. 

The company or its authorised Service Center/Service Franchisee reserves the right to retain any faulty part(s) or component(s) which replacement has been provided, in the event of a defect being noticed in the equipment during the warranty period.



Warranty does not cover accessories external to the equipment supplied by the dealer.



Any shifting of Equipment from one premise to another should be carried out by Authorised Sale & Service Distributor / Dealer only. The original purchaser must notify in writing, within 10 days, such change of address of installation to LUMINOUS Customer Care Center.



The company's obligation under this warranty shall be limited to repairing or providing replacement of part/s, which are found to be detective.



Additionally avail hassle free services by logging at: 011-4500700, 1860 500 3939 , 1800 11 3535.



Product registration with Company is mandatory for warranty service support. Repairs or replacements will be carried out either by the dealer / distributor from whom the set has been purchased or through a Company Service Center or the Authorised Service Franchisee.



Photocopy of Purchase Invoice & Original warranty card duly filled is required at the time of repair / Replacement.


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THE WARRANTY IS NOT APPLICABLE IN ANY OF THE FOLLOWING CASES: 

The warranty card is not duly filled and mailed back to the service center for registration by the purchaser.



The completed warranty card is not presented to authorised personnel at the time of repair.



The product is not used according to instructions given in the user's manual.



Defects caused by improper use as determined by the company personnel.



Modification or alteration of any nature is made in the electrical wiring or in the equipment.



Installation/ repair work is carried out by persons/agency other than authorised by the company.



Site (premises where the product is kept) conditions that do not conform to the recommended operating conditions of the equipment.



The original serial number is removed, obliterated or altered from the equipment.



Defects due to cause beyond control like lightning, abnormal voltage, acts of God or while in transit to service center or purchaser's residence.


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Main Product of the company The product the luminous are:

Batteries



Inverters



UPS system



DG system



Package power system



Solar PV modules



Electrical Batteries

Batteries have become an essential part of our daily life as they are the power source of the Inverters and Long Back up UPS that keep our appliances running. In a very short span of time, Luminous has grown manifold in its endeavour to produce world class batteries specially designed for inverters/long back up UPS systems. Luminous with its unmatched expertise in power electronics field combined with world class battery manufacturing technology has come up with batteries specially designed for long back up applications. These batteries are superior in quality delivering longer back up. The conventional batteries pose a serious threat to the human body due to the dangerous chemicals that get discharged from them. That is why we at luminous spend millions of dollars on the research and development of innovative and green technological practices to come out with batteries that not only deliver optimum performance but are very healthy to be used in households and offices. Luminous batteries are specially designed to perform consistently, have a very long life and are highly reliable. These are perfect for a wide range of applications. Some of the specialties of Luminous Batteries include –        

Extreme compatibility with your Inverter and UPS Systems Provide very high performance under extremely adverse conditions Especially designed to keep leakage and corrosion at bay Deep Discharge and Overcharge Protection Beautifully designed exteriors Protection Against accidental short-circuit of cells Special composition Unparallel charge acceptance and handling


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 Flat Plate Deep Cycle Battery Flooded Lead Acid batteries are the most common batteries used in energy systems because of their price, local availability, and ease of recycling. A properly maintained lead acid cell will last about five years. This type of battery will deliver about 1000 full chargedischarge cycles. Features:      

Extra thick plates ensure long life Special alloy used – very low maintenance Inter partition connection-good voltage profile on discharge Sleek appearance in sealed plastic housing Good charge acceptance – suitable for frequent power cuts Level indicators aid easy maintenance Application: These batteries are best suitable for high ambient temperature and partial state of charge usage, they are used in various applications like domestic inverters, off grid solar photo voltaic system, home lighting systems, alarm systems, signaling equipments and remote telecom units.

Tubular Battery

In a very short time, Luminous has established its integrity and won many hearts across India. With an unquenched thirst for perfection and a resolute commitment to quality, we continue to make forays in technology, creating innovative and efficient products that bear the mark of reliability and excellence. With a decade of experience in manufacturing batteries, we proudly present our range of Tubular Batteries - a remarkable product with incredible possibilities that enhance the quality of life.

Now say goodbye to the inconvenience of long power cuts, thanks to the new range of Tubular Batteries from Luminous. These long-lasting batteries carry attractive warranty features and are extremely affordable. They are just the beginning of a series of beneficial Tubular Battery innovations from the house of Luminous. Lovely professional university

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LUMINOUS TUBULAR BATTERIES: VERSATILE APPLICATIONS UPS Systems, Telecommunication Systems, Office Automation Equipment, Fire Alarm Security Systems, Electronic PABX Systems, Cable TV Equipment, Electronic Attendance, Cash Registers, Process Instrumentation & Control, Power Plants & Substations, Cellular Phones & Pagers and PCO Monitors. Solar battery

Luminous has launched its solar flooded tubular monobloc batteries designed to offer reliable, consistent and low maintenance power for renewable energy requirements. These batteries can be subject to deep cycle applications and minimum maintenance in rural and power deficit areas. The batteries have a capacity to withstand partial state of charge (PSOC) operation. These monobloc batteries are available in 12 Volts from 20Ah to 200 Ah @ C10 at 27⁰C to 1.80 vpc. These solar batteries have been developed keeping in mind the various parameters peculiar to India by a team of scientist and engineers at a R&D facility dedicated to electrochemical research at our works in Gagret, Himachal Pradesh. Luminous decided to develop these solar batteries keeping in mind the increased awareness and public spending in the field of new and renewable energy for applications in household lighting, street lighting and in rural and urban cellular telecom installations. We expect a significant shift in the telecom industry towards use on non-conventional energy due to increased operational expenses. Increased government incentives and subsidies will, in the next couple years, lead to increased spending by governmental agencies in the new and renewable energy. Our batteries are designed to give long life in cyclic operations and extremely long intervals in topping up and even total freedom from maintenance. Our batteries can be adapted to use auto-fill systems and air agitation systems for faster charging and avoidance of acid stratification in standby cells. For outdoor applications, we offer batteries in IP55 enclosures. While, our batteries are approved by MNRE, Luminous continues to experiment with new and improved alloys and manufacturing technologies to enhance the life of our solar batteries, reduce topping up, etc. Sealed Maintenance Free/VRLA Batteries Luminous Sealed Batteries are designed to offer maintenance power for UPS can be subject to deep cycle maintenance in rural and batteries are available in 12 Lovely professional university

Maintenance Free (SMF) reliable, consistent and low applications. These batteries applications and minimum power deficit areas. These Volts from 7.5Ah to 200 Ah Page 36


@ C20 at 27°C to 1.75 vpc.

In today's information age, one cannot ignore the need for battery systems designed to save vital information and data and run critical instrumentations for desired durations. Batteries are required to deliver instant power. Unreliable and inferior batteries can result in the loss of data and equipment shutdowns that can cost companies considerable financial losses. Therefore, the UPS segments calls for the use of a reliable and proven battery system. Luminous SMF batteries have been developed by a team of scientist and engineers at a R&D facility dedicated to electrochemical research at our works in Gagret, Himachal Pradesh, India. Traction Battery(Motive Batteries) New range of traction batteries from Luminous have seen the light of the day after going through rigorous R&D and multiple successful test runs. These batteries are custom made to be used in forklifts, electric golf carts, riding floor scrubbers and other electric vehicles. Luminous Traction batteries are designed to be routinely used all day and fast charged all night. Why Luminous Motive Batteries must be your top choice: Key features –      

High performance, High reliability and High energy density Robust structure and Positive plates are specially designed for long cycle life Negative plates contain highly durable long life expander to cater for high cycle life Better choice for heavy duty application Battery characteristics comply with IEC-60254 – 1 & 2 100% Tank formation for uniform plate quality

Additional options that enhance operative life  

Automatic aqua filling system Electrolyte circulation system

Luminous Start Luminous launches the technologically superior yet easy on pocket, factory charged and maintenance free, Start automotive batteries. Powered by international Ca –Ca & EMT technology and Indian engineering, these Batteries optimize energy supply in addition to back-up for vehicle accessories. They designed to deliver high Lovely professional university

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performance for all types of vehicles, including Indian and international makes. Start advantages:     



Completely maintenance free for its active life Extremely low self-discharge - No electrical drain on the battery. It could stand for up to one year and then still have enough power to start the vehicle. Ideal for vehicles, boats, machinery, etc that are not used on a regular basis. Vibration and impact resistant - High density pasted plates are used which improve life- cycle and are resistant to vibration Resistant to thermal runaway - Calcium-Calcium are not prone to thermal runaway where the conventional battery eventually cooks itself in very hot applications, i.e. courier vans etc. making them idealfor such applications. Double chamber container with Magic Eye – Clearly indicating the exact battery condition

Motorcyle Battery Luminous RACER range of motorcycle batteries are manufactured using the state of the art technology. They are designed taking into consideration the latest motorcycle requirements and are compatible with most of the popular models. They are built to withstand the rigors of the tough Indian terrain without compromising with the quality and performance. These are truly the soul-mate for the Indian bikes. Some of the advantages of using these futuristic batteries include tough and durable separator for extended operation, high collision resistance, immediate start, brightest light, extra power conservation, prevention against acid spillage, to name a few.

Inveters An inverter is an electrical device that converts direct current (DC) to alternating current (AC); the converted AC can be at any required voltage and frequency with the use of appropriate transformers, switching, and control circuits. The electrical inverter is a highpower electronic oscillator.

Luminous offers a world class range of inverters and long backup UPS which have seen the light of the day only after going through extensive research and development worth million of dollars. Our undiluted focus on the dynamic power requirements of the customer has driven us to continuously innovate and come out with technologies which have become a benchmark for the whole industry and resulted in products offering great value to the consumer, no doubt we are the leaders in the domestic market and strive to be a prominent international player in the segment. Inverters / Long Back up UPS are used in a wide range of applications, from household appliances to large electric utility high-voltage direct current applications that transport bulk Lovely professional university

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power. Inverters / Long Back up UPS are commonly used to supply AC power from DC sources such as batteries. Long Back up UPS Luminous presents the latest breakthrough in the world of power back up UPS. A powerhouse of performance packed in a highly attractive design these long back up UPS boast of phenomenally advanced features that give in a unique ability to run a PC for hours together, even in the bleakest of power situations. We at Luminous value the convenience and comfort of the consumer above anything else. Very little maintenance, powerful performance and all-round protection makes this series a value for money investment. Features & Protection

Micro controller based design Free Pre-loaded battery management software. SMD Technology for reliable and compact design Battery charging commences even at as low as 120 Volt Mains voltage Auto holiday mode preserves battery charge while you are away from home Intelligent thermal management Visual Indicators: Mains On, UPS On, Switch Status, Smart Charge, Overload/ Short Circuit Trip, Charger Fuse Blown, Battery Low Trip and No Load Shutdown Audio Alarms: Mains Fail, Fuse Fail, Battery Low Pre-alarm, Overload Trip, Battery Low Trip and No Load Shutdown       



Ensures faster battery charging Advanced battery management, which enhances battery life up to 70% Negligible battery-water loss Intelligent continuous charging profile adjustment Overload with Auto Reset Battery Deep Discharge Protection with Reset Option Ultra-Fast Short Circuit Protection Battery Reverse Polarity Protection

Sine wave UPS Pure Sine Wave Long Back-up UPS consists of a sophisticated design producing the AC wave power output similar to that you Lovely professional university

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would get from your house power point. These UPS‟s will support all the expensive and sensitive household equipments which will fail to run from the power output of a modified wave UPS. The high quality power output from the pure sine wave UPS will maintain the unit‟s power supply throughout, thus supporting these appliances like your household power unit will. This being the case it is always better to invest in a pure sine wave UPS and get a quality power supply that will support all your equipments without any trouble. Luminous Sine wave UPS‟s are packed with a range of user-friendly features, these are symbols of convenience and comfort. Very little maintenance, no noise… these Sine Wave UPS stand for powerful performance with all-round performance.

Features & Protection                 

Micro controller based design Regulated output voltage window during regulated UPS mode Can run single PC up to 8hrs. With 12 V 150 AH battery Selectable battery option Pre-loaded battery management software Charges battery double fast Regulated battery charging from 120 V to 300 V Automatic holiday mode preserves battery charge Advanced digital display Audio alarms on mains fail, Charger fuse blown, battery low and no load shutdown Phase reversal protection Overload with auto re-set Battery Deep Discharge protection with two times reset options Ultra Fast Short Circuit Protection Battery reverse polarity protection Miniature circuit breaker for overload and short circuit protection in mains mode instead of cartridge fuse DC over Voltage protection

Line Interactive UPS Systems


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Luminous has the widest range of line interactive UPS systems. This highly compact power packed UPS systems offer the best and most reliable data security to small desk tops or

personal computers. Features      

Micro controller based intelligent system No load shutdown Pre-Alarm Audio & Visual Signals for Battery low Overload trip audio and visual signals Battery Deep Discharge Protection User-Friendly On-Line UPS Systems

On-Line UPS Systems from Luminous are designed to save your sensitive equipments from main lines failure, voltage fluctuations, blackouts and other electrical disturbances. UPS not only provides data security but also saves your hardware from getting damaged, thus promising smooth working hours. The online UPS is ideal for an environment where electrical isolation is necessary or for equipment that is very sensitive to power fluctuation. The online UPS system is necessary when the power environment is “noisy” such as industrial settings; for larger equipment loads like data centres, or when operation from an extended run back up generator is necessary. Features          

Double conversion online topology High frequency PWM technology Fully microprocessor –controlled design Wide input voltage range Near unity input power factor Automatic bypass Smart self diagnosis function Full time lightning and surge protection UPS monitoring software SNMP Adaptor for network management (optional) DG Sets


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Luminous Power Technologies is in an aggressive expansion mode with the latest offering being DG Sets. These state of the art residential DG Sets will make sure that your family will enjoy life uninterrupted while at home or away.

Luminous DG Sets have been designed in compliance with the latest technologies that are suitable for all small, medium and large industries, hospitals, multistoried buildings, farms and individual houses. These DG sets consists of “Lombardini for 5 KVA” & “Escorts for 15-40 KVA” engines coupled with self regulated alternator mounted on specially designed common skid base frame fitted with special vibration isolator to make DG set vibration free. Luminous DG sets are designed to deliver reliable performance and longer trouble free life. Advantages      

Pure power for sensitive electronic equipments Better fuel efficiency Powerful performance backed by an equally robust commitment to customer service Low maintenance cost and faster response recycler Low Noise, Low Emission High durability and simple to operate and environment friendly

         

Dependable, durable and efficient Superior performance and reliability Ease of maintenance Wide distribution network Higher power output Low fuel consumption Economic Operation Minimized running costs Manual / Auto Mains Failure Panel High on innovativeness and quality


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LUMINOUS ENGG. & TECH. SERVICE PVT. LTD     

Feasible design and reliable operation Clean and long-lasting Rugged and simple to operate Powerful performance backed by an equally robust commitment to customer service State of the Art Technology

Electricals Electrical distribution needs are continuously evolving in residential, commercial and industrial sectors. Improved operation safety, continuity of service, greater convenience and operating cost have assumed a tremendous significance, Luminous Miniature Circuit Breakers have been designed to continuously adapt to these changing needs Features      

Precise Hammer Action 15 Plates Arc Chute for Effective Arc Quenching Longer Electrical Operation / Life Wide Range Value for Money Low Power Consumption, thus Cost Effective & Energy saving

There are some eletriacl applicance.           

Residual Current Circuit Breaker Distribution Boards Wires and cables Industrial Cables Celling fan Table fan Wall fan Pedestal fan Ventilation Fans Lpg instand geyser Cfl inverter

Solar Applications Solar Photovoltaic Modules the PV modules offered by Luminous are specially designed to meet the requirements of the market and are available in various ranges from 3W to 255W using well proven and field tested technology of crystalline silicon solar cells. These are high quality and high performance modules suitable for power generation and tested visually, mechanically and electrically according to the standard test conditions applicable worldwide.


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The solar cells, typically 180-260 micron thick, are tested and electronically matched prior to interconnection. The encapsulation between high-transmittance special tempered glass and UV-resistant multilayer back sheet which guarantees the module‟s excellent durability under harsh outdoor conditions of extreme temperature, high altitudes, deserts and coastal regions. The module size self-supporting anodized aluminum frame is designed to allow easy mounting and carrying. These PV modules have obtained various product certifications including IEC 61215EdII for design qualification and IEC61730 for safety Class II. Solar Home Light System In the series of new offerings from the house of Luminous, the latest are ideal low cost solutions for Rural Home Lighting requirements. The innovative, energy efficient LED based design of this new product with a single light output is at par with 11W CFL. It can be termed as single solution for all daily household lighting needs. This equipment has PWM based compact electronic circuitry with high efficiency. It offers uniform & constant bright light output over entire battery voltage range. It is specially designed for maximum energy harvesting from connected solar module, as compared to other products. This equipment can provide light output ranging between 11 to 102 hrs.


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Reasons to Buy

 Get detailed information on the company's financial deals that enable you to understand the company's expansion/divestiture and fund requirements -

The profile enables you to analyze the company's financial deals by region, by year, by business segments and by type, for a five year period.

 Understand the company's business segments' expansion / divestiture strategy -

The profile presents deals from the company's core business segments' perspective to help you understand its corporate strategy.

 Access elaborate information on the company's recent financial deals that enable you to understand the key deals which have shaped the company -

Detailed information on major recent deals includes a summary of each deal, deal type, deal rationale, deal financials and Target Company's key financial metrics and ratios.

 Equip yourself with detailed information about the company's operations to identify potential customers and suppliers. -

The profile analyzes the company's business structure, locations and subsidiaries, key executives and key competitors.

 Stay up-to-date on the major developments affecting the company -

Recent developments concerning the company presented in the profile help you track important events.


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 Gain key insights into the company for academic or business research -

Key elements such as break up of deals into categories and information on detailed major deals are incorporated into the profile to assist your academic or business research needs.


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Awards Luminous Power received “Frost & Sullivan Industry Technological Leadership Award” for “Market penetration in DC-AC Inverters in Non Renewable Energy markets in Asia Pacific”. Luminous was awarded to its production facility located in Gagret, Himachal Pradesh; Luminous is commended for its unmatched expertise in the power electronics field combined with world class battery manufacturing technology. The ISO 50001:2011 certification is in recognition of its world-class efficient Energy Management Systems and Give for complying with the requirements on the fronts of manufacturing of Batteries comprising flat and tubular plates for domestic and industrial requirements.


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RESEARCH METHODOLOGY


Page 48


This project is made by collection of primary and secondary data. We gather the information though primary source and secondary source though net.

Scope of the project: 

To find out the financial position of the company



To get the profit margin of the company



To forecast the growth and the profit of the company



To extrapolate the company‟s position.

RESEARCH DESIGN: The study will be based on the based on the descriptive and applied research. The financial position of Luminous Engineering and Technology Service Pvt.

Ltd. is analyzed

comparatively, common and trends. Make Planes of comparing the financial position of the company for two year. By the help of many concepts of financial statement of the result of the control mechanism can be summarized which will help in identifying the effectiveness of the system under the preview. Hence the comparative, common and trend are use to get the conclusion of the company profile.


Page 49


DATA COLLECTION METHOD: 1) PRIMARY SOURCES:- Company Department visit 2) SECONDARY SOURCES:i)

Annual reports

ii)

newspapers and magazines

iii)

Different records used by the finance department

iv)

Web sites of luminous

PRESENTATION OF DATA:Data has been presented through column and bar diagrams.

DATA ANALYSIS AND INTERPRETATION:we have analysis the data of the company and calculate the profit margin of the company. We have calculated the comparative, common size, trend, cash flow and ratio of the company We analysis the financial position of the company and come to know that luminous have growth in coming year.


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Financial statement

\


Page 51


Introduction Financial statement analysis involves careful selection of data from financial statements for the primary purpose of forecasting the financial health of the company. This is accomplished by examining trends in key financial data, comparing financial data across companies, and analyzing key financial ratios. Although financial statement analysis is a highly useful tool, it has two limitations. These two limitations involve the comparability of financial data between companies and the need to look beyond ratios. Comparison of one company with another can provide valuable clues about the financial health of an organization. Unfortunately, the difference in the accounting method of companies sometime makes it difficult to compare the companies' financial data. A company analyst may assume that ratios are sufficient in themselves as a basis for judgment about the future. Nothing could be further from the truth. Conclusions based on ratio analysis must be regarded as tentative. Ratios should not be viewed as an end, but rather they should be viewed as a starting point, as indicators of what to pursue in greater depth. They raise May questions, but they rarely answer any question by themselves. In addition to ratios, other sources of data should be analyzed in order to make judgments about the future of an organization. They analyst should look, for example, at industry trends, technological changes, changes in consumer tastes, changes in broad economic factors, and changes within the firm itself. A recent change in a key management position, for example, might provide a basis for optimism about the future, even though the past performance of the firm may have been mediocre. There are four basic types of financial statements: balance sheets, income statements, cashflow statements, and statements of retained earnings. Typically, financial statements are used in relation to business activities. Balance sheet financial statements are used to provide insight into a company‟s assets and debts at a particular point in time. At the bottom of the income statement, a total of the amount earned or lost is included. Often, income statements provide a record of revenue over a year‟s time. Every company have their Summary of revenues, expenses and net income (or net loss) of a firm. It serves as a measure of the firm‟s profitability. Financial statements are mainly prepared for decision making purposes. Analysis of financial statements is an attempt to assess the efficiency and performance of an enterprise 

Financial analysis serves the following purposes

• Measuring the profitability • Indicating the trend of achievements • Assessing the growth potential of the business Lovely professional university

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• Comparative position in relation to other firms • Assess overall financial strengths • Assess solvency of the firm OBJECTIVES   

To explain the meaning, need and purpose of financial statement analysis; To identify the parties interested in analysis of financial statements; To explain the various techniques and tools of analysis of financial statements.

Purpose Financial statements are mainly prepared for decision making purposes. But the information as is provided in the financial statements is not adequately helpful in drawing a meaningful conclusion. Thus, an effective analysis and interpretation of financial statements is required. Analysis means establishing a meaningful relationship between various items of the two financial statements with each other in such a way that a conclusion is drawn. By financial statements we mean two statements: (i) Profit and loss Account or Income Statement (ii) Balance Sheet or Position Statement

Comparative financial statements Comparative study of financial statements is the comparison of the financial statements of the business with the previous year‟s financial statements. It enables identification of weak points and applying corrective measures. Practically, two financial statements (balance sheet and income statement) are prepared in comparative form for analysis purposes. Balance sheet interpretation and analysis   

Current financial position and Liquidity position Long-term financial position Profitability of the concern Income statements interpretation and analysis  The increase or decrease in sales should be compared with the increase or decrease in cost of goods sold.  To study the operating profits  The increase or decrease in net profit is calculated that will give an idea about the overall profitability of the concern. COMMON SIZE STATEMENTS AND TREND ANALYSIS


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The common size statements (Balance Sheet and Income Statement) are shown in analytical percentages. The figures of these statements are shown as percentages of total assets, total liabilities and total sales respectively. The trend analysis is a technique of studying several financial statements over a series of years. In this analysis the trend percentages are calculated for each item by taking the figure of that item for the base year taken.

Cash flow statement The cash flow statement is concerned with the flow of cash in and cash out of the business. The statement captures both the current operating results and the accompanying changes in the balance sheet. As an analytical tool, the statement of cash flows is useful in determining the short-term viability of a company, particularly its ability to pay bills. The cash flow statement is intended to  provide information on a firm's liquidity and solvency and its ability to change cash flows in future circumstances  provide additional information for evaluating changes in assets, liabilities and equity  improve the comparability of different firms' operating performance by eliminating the effects of different accounting methods  indicate the amount, timing and probability of future cash flows

Ratios analysis A tool used by individuals to conduct a quantitative analysis of information in a company's financial statements. Ratios are calculated from current year numbers and are then compared to previous years, other companies, the industry, or even the economy to judge the performance of the company. Ratio analysis is predominately used by proponents of fundamental analysis.


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Annual report Profit and loss account


Page 55


Balance sheet


Page 56


Financial statement analysis Luminous 2010 (thousand) share capital authoriesied 55,000,000(previous year 2,000,000) equity share of rs. 10 each issused, subsribed and paid up 1742638(previous year 1,683,360) equity share fully paid 8,28,00(previous year: nil) compulsorily fully converible cumulative participatory preference share of rs. 600 each fully paid reserves and surplus securities permium account general reserve opening balance additions during the year closing balance profit and loss account secured loan loans and advance from banks cash/export credit facilities tearm loan vehicle loans unsecured loans inter coporate loans loan from bulinding company- sar capital private limited loan from other Investment long term subsidiaries (tarde and unquoted) 150000 share of rs 10 each of lumious electronic private limited fully paid up 40000 share4 of SGD 1 each of LABH holding pre. Ltd. Fully paid 3266 share of rs 10 each of luminous engineering and technology services private limited fully paid deferred tax asstes deferred tax liability deperciation on fixed assets Lovely professional university

2009(thou sand)

550,000

20,000

17,426

16,836

496,800 514,226

0 16,836

306,195

0

2500 58,605 61,105

2500 2,500

671460 1,038,760

281640 284,140

267,266 112,065 3,698 383,029

324,649 116,822 3379 444,850

0 0 0 0

18,322 24112 11,000 53,434

1800 1,064

0 0

31,770 34,634

0

2,846

3,069 Page 57


deferred tax assets provision for bad debts employee benefits net deferred tax assets inventories raw material and componets working in progress finished good goods - raw material sundry debtors debts outstanding for a period exceeding six months unsecured, cosidered good secured, cosidered good unsecured, cosidered doubtful debts outstanding for a period less than six months secured, cosidered good unsecured, cosidered good less: provision for doutful debts cash and bank balance cash in hand balances with scheduled bank in current account in fixed account

2,846

3,069

4937 2374 4,465

5976 1243 4,149

238,431 256,150 193,303 114,205 802,089

202,532 124,089 63,229 60,317 450,167

64,225 435 32,279

27,880

30,441 1,406,003 1587383 32279 1555104

63,416 624,500 733,579 17,753 715826

988

713

17,263

125,842 24618 45,952 35,622 172,782 60,953 fixed deposits includes rs.37,952 thousand pledged with bank for gurantee issused ( previous year rs 35,622 thousand) other current assets interest accrured but not due

2,391 2,391

1381 1381

12848 0 104,573 21996 43951 40000 53,971 277339

8709 591 32355 14058

loans and advance security deposits advance income tax MAT credit entitlement adavance to supplier share application money in LABH holiding pee. Ltd. loan to luminous electronic private limited ( subsidiary company) other advance recoverable in cash or in hand or for vale to be received Lovely professional university

23194 78907 Page 58


current liablities sundry creditior for goods sundry creditior for capital goods bank overdraft advance from customers security deposits from customer other liabilities Provision income tax fringes benefit tax proposed dividend coporate dividend tax provision for warrenty expenses provision for claims Gratuity compensated absences other income intersted on fixed deposite income frome annual maintenance contaracts and maintaenance service misscellances income tax deduced in source on interest cost of material consumed raw material opening inventory add: purchase less: closing inventory finished goods purchased for trading opening inventory add: purchase less: closing inventory movement in the inventory of manufacture goods closing inventory work- in- progress finished goods in ware house

931556 6128 0 30478 23650 96862 1088674

610884 6649 4626 13321 59768 77188 772436

8447 40 120197 20428 42,783 4053 3167 3816 202931

24623 674

20,118 10,225 2360 1609 59609

10,064

1530

16325 14781 41,170 2079

15541 13205 30,276 303

202532 2756797 2959329 238,431 2,720,898

57075 1574850 1631925 202,532 1,429,393

35,813 288717 324,530 44998 279,532

58,251 310,105 368,356 35815 332,541

256,150 148,304 404,454

124089 27416 151,505

opening inventory Lovely professional university

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LUMINOUS ENGG. & TECH. SERVICE PVT. LTD work in progress finished good in ware house

Total less : cost of battery replacement loss of good on fire and clamity total consumption personal expense salaries, wages and bouns contribution to provident fund and other benefits staff welfare manufacturing expenses consumable store Jobwork electricity, power and fule expenses genertor hiring and running changes repairs and maintanace of machinery other manufacturing expenses selling, general and administrative expenses Rent rates andtaxes priniting and stationery testing fee consumables installing charges travelling and conveyance expenses communication charge repair and maintenance insurance charge lagal and professional charge provision for douthful debts vehicles running and maintenance security expense electricity an d power provision for warranty cost advertisement and publicity Commission freight outward service changes paod miscellaneous expenses


124089 27416 151505 252,949 2,747,481

56221 10314 66535 84,970 1676956

22,280 15014 2710187

18195 1658781

169010 15162 7561 191733

112212 8490 5208 125910

23585 28125 53355 1069 5828 591 112553

40384 23765 29209 140 5590 284 100442

10260 8243 3661 90 8564 10561 38244 17565 10483 4743 17723 14526 10050 2325 4522 44919 96657 43819 56028 5766 7762 416511

8772 839 2457 1349 6950 3371 26491 11608 7791 8569 15146 14937 6135 1718 2327 36339 66537 23738 37,229 3403 6529 292235 Page 60

LUMINOUS ENGG. & TECH. SERVICE PVT. LTD financial expenses bank and finance changes bank interest interest on other loan

41213 35988 3169 80370

25253 21698 6465 53416

Data analysis

comparative income statement of luminous of year 31 mar 2010 and 31 mar 2009 2009( 2010( absoulte % thousand) thousand) change change source of fund Income sales of good domestic sales

2,736,230

4,621,430

1,885,200

export sales

71,190

113,339

42,149

turover

2,807,420

4,734,769

1,927,349

less discount

326,374

623,985

297,611

2,481,046

4,110,784

1,629,738

total

2,481,046

4,110,784

1,629,738

65.687536 63

less- operting expense expendituer cost of material consumed personal expensese

1,658,781

2,710,187

1,051,406

125,910

191,733

65,823

manufacturing expense

100,412

112,553

12,141

selling general and adminisrtative expense financial expaense

298,060

416,511

118,451

53,116

80,370

27,254

depercaitation

26,169

46,803

20,634

total

2,262,448

3,558,157

1,295,709

63.384256 27 52.277817 49 12.091184 32 39.740656 24 51.310339 63 78.849019 83 57.270222 34


68.897716 93 59.206349 21 68.651965 15 91.187104 36 65.687536 63

Page 61

LUMINOUS ENGG. & TECH. SERVICE PVT. LTD profit from operations before tax less- tax expense current income tax

218,598

552,627

334,029

152.80514 92

34,428

75,524

41,096

MAT credit enitlement

-32,355

-72,217

-39,862

prior years income tax deferred tax

0 -5656

410 -315

410 5,341

fringe benefit tax

3,386

4,345

959

-197

7,747

7,944

218,795

544,880

326,085

119.36795 63 123.20197 81 0 (94.43069 307) 28.322504 43 (4032.487 31) 149.03676 96

profit after tax

comparative balance sheet of luminous of year 31 mar 2010 and 31 mar 2009 2009( thousand)

2010( thousand)

absoulte change

% change

SOURCE OF FUND shareholder's fund share capital reserves and surplus

16,834

514,226

497,392

287,140

1,038,760

751,620

303,974

1,552,986

1,249,012

2954.68694 3 261.760813 5 410.894352 8

LOAN FUND

secured loans unseecured loans

TOTAL

444,870 50,349

383,029 0

-61,841 -50,349

495,219

383,029

-112,190

799,193

1,936,015

1,136,822

13.9009148 7 -100 22.6546235 1 142.246240 9

197,070

76.8705678 6

APPLICATION OF FUND fixed assets gross block Lovely professional university

256,366

453,436

Page 62

LUMINOUS ENGG. & TECH. SERVICE PVT. LTD less: accumulated depreciation net block capital work - in porgerss( including adavance)

investment deferred tax assets working capital current assests,loans and advances

50,605

93,665

43,060

205,761

359,771

154,010

114,065

19,045

-95,020

319,826 0

378,816 33,634

58,990 33,634

4,119

4,465

346

inventories

450,191

802,089

351,898

sundry debtors

715,826

1,555,104

839,278

cash and bank balances

60,958

172,782

111,824

other currents assets loans and advances

1,381 78,907

2,391 277,339

1,010 198,432

total current assets current liabilities and provisions

1,307,263

2,809,705

1,502,442

currents liabilities provisions

773,037 59,608

1,088,674 202,931

315,637 143,323

total cuurent liabilities

832,645

1,291,605

458,960

total

474,618 799,193

1,518,100 1,936,015

1,043,482

85.0904060 9 74.8489752 7 83.3033796 5 18.4444041 4 0 8.40009711 1

78.1663782 7 117.246090 5 183.444338 7 73.1354091 2 251.475788 114.930354 5

40.8307752 4 240.442558 55.1207297 2 219.857232 6

common - size income statement of luminous of 31 mar2009 and 31 mar 2010 absoult figure 2009( thousand) 2010( thousand) Income sales of good domestic sales export sales Turnover Lovely professional university

2,736,230 71,190 2,807,420

4,621,430 113,339 4,734,769

% net sales 2009

110.2853393 2.869354297 113.1546936

2010

112.4221073 2.757113971 115.1792213 Page 63

LUMINOUS ENGG. & TECH. SERVICE PVT. LTD less discount

total less- operting expense expendituer cost of material consumed personal expensese manufacturing expense selling general and adminisrtative expense financial expaense Depercaitation total profit from operations before tax less- tax expense current income tax MAT credit entitlement prior years income tax deferred tax fringe benefit tax profit after tax

326,374

623,985

2,481,046

4,110,784

13.15469363 100

15.17922129 100

2,481,046

4,110,784

100

100

1,658,781 125,910 100,412

2,710,187 191,733 112,553

66.85813161 4.047163978

65.92871335 4.66414679 2.737993531

298,060 53,116 26,169 2,262,448

416,511 80,370 46,803 3,558,157

12.01348141 2.140871229 1.054756744 91.18928065

10.13215484 1.955101509 1.138541942 86.55665197

218,598

552,627

8.81071935

13.44334803

34,428 -32,355 0 -5656 3,386 -197 218,795

75,524 -72,217 410 -315 4,345 7,747 544,880

1.387640535 -1.304087067 0 -0.227968365 0.136474697 -0.007940199 8.818659549

1.837216453 -1.756769512 0.009973767 -0.007662772 0.105697599 0.188455535 13.2548925

common - size balance sheet of luminous of 31 mar2009 and 31 mar 2010 absoult figure 2009( thousand) 2010( thousand) ASSETS fixed assets net block 205,761 capital work- in progress 114,065 investment 0 deferred tax assets 4,119 current assests,loans and advances inventories 450,191 sundry debtors 715,826 cash and bank balances 60,958 other currents assets 1,381 loans and advances 78,907 Lovely professional university

% balance sheet 2009

2010

359,771

12.60915606

11.14663436

19,045 33,634 4,465

6.989970818 0 0.252414762

0.590063266 1.042068149 0.138337227

802,089 1,555,104

27.58797135 43.86624162

24.85078789 48.18113657

172,782

3.735542376

5.353232413

2,391 277,339

0.084628499 4.835467736

0.074079353 8.592678196 Page 64

LUMINOUS ENGG. & TECH. SERVICE PVT. LTD TOTAL ASSETS LIABILITY share capital reserves and surplus secured loans unseecured loans currents liabilities provisions total liabilities

1,631,838

3,227,620

100

100

16,834

514,226

1.031597499

15.932049

287,140 444,870 50,349 773,037 59,608 1,631,838

1,038,760 383,029 0 1,088,674 202,931 3,227,620

17.59610942 27.26189732 3.085416567 47.37216562 3.652813576 100

32.18346646 11.86722724 0 33.72993103 6.287326265 100

statement of trend analysis of income statement of 2009 and 2010 2009( thousan d)

%trend

2010( thousand) 2009

domestic sales export sales Turnover less discount expendituer cost of material consumed personal expensese manufacturing expense selling general and adminisrtative expense financial expaense depercaitation current income tax MAT credit enitlement prior years income tax deferred tax fringe benefit tax

2,736,23 0 71,190 2,807,42 0

2010

4,621,430 113,339

100% 100%

168.8977169 159.2063492

4,734,769

168.6519651 191.1871044

326,374

623,985

100% 100%

1,658,78 1 125,910

2,710,187 191,733

100% 100%

163.3842563 152.2778175

100,412

112,553

100%

112.0911843

298,060 53,116 26,169

416,511 80,370 46,803

100% 100% 100%

139.7406562 151.3103396 178.8490198

34,428 -32,355 0 -5656 3,386

75,524 -72,217 410 -315 4,345

100% 100%

219.3679563 223.2019781

100% 100%

5.569306931 128.3225044


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statement of trend analysis of balance sheet of 2009 and 2010 2009( thousan d)

% trend

2010( thousand) 2009

share capital reserves and surplus secured loans unseecured loans gross block accumulated depreciation net block capital work - in porgerss( including adavance) investment deferred tax assets inventories sundry debtors cash and bank balances other currents assets loans and advances currents liabilities provisions

2010

16,834 287,140 444,870 50,349 256,366

514,226 1,038,760 383,029 0 453,436

100% 100% 100% 100% 100%

3054.686943 361.7608135 86.09908513 0 176.8705679

50,605 205,761

93,665 359,771

100% 100%

185.0904061 174.8489753

114,065 0 4,119 450,191 715,826 60,958 1,381 78,907 773,037 59,608

19,045 33,634 4,465 802,089 1,555,104 172,782 2,391 277,339 1,088,674 202,931

100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

16.69662035 0 108.4000971 178.1663783 217.2460905 283.4443387 173.1354091 351.475788 140.8307752 340.442558

cash flow statement of luminous of 31 mar 2009 and 31 mar 2010 Particular A. cash flow from operating activities profit before tax Deprecation provision for claims interest paid provision for warranty expenses loss on sale of fixed assets provision for doubtful debts interest received operating profit before working capital changes changes in working capital increase on sundry debtors increase in current liabilities and provision Lovely professional university

2010(thousand)

2009(thousand)

593,797 46,803 3159 80370 44919 88 14526 -10,064 773,598

218545 26468 10207 53436 18353 0 14937 -4336 337,610

-833804 309946

-195,285 432,225 Page 66

LUMINOUS ENGG. & TECH. SERVICE PVT. LTD increase in inventories increase in fixed deposite increase in loan andd advances and other assets cash general from operations income taxes paid ( not of refund) net cash used in operating activities B. cash flow from investing activities purchase of fixed assets procced from sales of fixed asset5s investment in subsidary ( luminous electronics power limited) investment in subsidary (labh holding ptv. limited) share application money in subsidiary( labh holding ptv. Ltd.) investment in luminous engineering and services private limited interest received net cash used in investing activities C. cash flow from financing activities share aaplication money issue of equity share capital issue of compulsorily fully converiable commulative participatory prefernce share cash/export credit facilities procced from term loan repayment of term loans proceeds from vehicle loans repayment of vehicle loans repayment of term loans taken from bodies coporate proceeds of loans taken from bodies coporate repayment of loan from holding company( sar capital private limited) proceeds of loans taken from holding company ( sar capital privated limited) repayment of loan from directors loans taken from director payment of dividend and dividend tax interrest paid net cash generated from financing activities net increase in cash and cash equivalents(A+B+C) cash and cash equivalents at beginning of the year cash and cash equivalents at the end of the year


-389185 -2330 -60610 -222,385 -96,497 -318,882

-239648 -18,496 -25,238 5,881 -12,327 -6,646

-113,859 746

-185364 1436

-1800 1,064

0 0

-43,931

0

-31,770 9,054 -182,644

0 763 -183,195

0 8855

-5900 0

794733 -57354 29907 -34740 2287 -1968

0 186302 89231 -8520 2500 -1650

-16950 0

-2900 1000

-20662

-2900

0 -11000 0 0 -82082 611026

13051 -151 17000 -28590 -51960 206513

109500 25330 134830

13721 11600 25330

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LUMINOUS ENGG. & TECH. SERVICE PVT. LTD components of cash and cash equivalent cash in hand balance with scheduled bank in current account in deposite account

988

713

125842 8000

24618

Ratio analysis for 2009 Current Ratio = Current Assets/Current Liabilities = 1,228,356/ 773,037 =1.58900026  The ratio of the company is 1.5 it is that the company having 1.5 assets cover than the liabilities its means the company have more assets then the risk of the liabilities will cover though the assets.  Inventory Turnover (IT) = Cost of Goods Sold/Average Inventory = 2,747,481/802,089 =3.425406665  This ratio indicates the number of times the inventory is rotated during the relevant accounting period. A high stock turnover might mean increased efficiency. The company have 3.4 turnover the company will satisfied the customer 

Total Asset Turnover TAT = Sales/Total Assets =2,481,046/ 1627089 =1.52383014 times  The total assets turnover is 1.54 it means the sales having more than the total assets. the company having sales  Working Capital Turnover Ratio = Cost of goods sold/Net Working Capital = 2,747,481/ 1,307,263 = 2.101704859 times  The working capital of the company is good. Because cost of goods sold is more than the net working capital. This activities ratio helps in the growth of the company. 

Net Profit Ratio = Net Profit after tax / Net sales x 100 = 249,031/2,481,046*100 =10.03733909


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 Net profit takes into account the fixed costs involved in production – the overheads. The net profit is 10.03 means the profit margin is good for the company. The net profit shows the growth of the company and higher the ratio will good for the country. 

Operating ratio= Operating cost X 100 Net sale = 2,262,448/2,481,046*100 =91.118928065  This ratio establishes relationships between operating cost & net sales. This ratio indicates the proportion that the cost of sales. The operating ratio is 91.11 means the operating cost is less than the net sales. It shows operational efficiency of the business .it shows the percentage of sales that is absorbed by the cost of sales & operating expenses. 

Net capital employed = Total assets – CL = Total Liabilities – CL 1631208-832,645 = 798563  It Show how effective the firm is in using its capital to generate profit. The net capital employed shows the diffrience between total assets and current liability. 

Shareholder‟s Funds= Equity share + prefence share+ reserve & surplus = 16,834+287,140 =303,974  Its show the fund of the company which is use to growth of the company. The capital of the company for the fund. It‟s give the share holder more profit in the year. 

Fixed Assets Ratio = Long-term Funds+ long term loans/ Fixed Assets =303,974+495,219/ 323945 =2.46706385  This ratio indicates as to what extent fixed assets are financed out of long-term solvency. Higher the ratio will show that there is more use or fixed assets and the finance use by the long term is good for the company. And it‟s have good fixed assets ratio 

=

Dept-equity Ratio = Debt + CL Equity

495,219+773,037/303,974 = 4.172251574

 The debts equity ratio show the long term polices of the company. It is equity ratio indicates the proportion between shareholders‟ funds and the borrowed funds. It also Lovely professional university

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indicates the extent to which the firm depends upon outsiders for its existence. A higher ratio indicates a risky financial position while a lower ratio indicates safer financial position. The financial position of the company is good and it shows the rapid growth of the company.


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Data interpretation Domestic sales and export sales of the company for the year 2009 is Rs. 2,807,420 and for the year 2010 is Rs.4, 734,769. It means the turnover of the company is good because it is more from the year 2009 Total income of the company is Rs.2, 511,282 for the year 2009 and Rs.4, 151,954 for the year 2010. The gross profit of the year 2010 is more than the 2009. Company has more profit in the year of 2010. There is change of about 57.27% in total expenditure of the company in the year 2010,as in 2009 it was Rs.2,262,448 but in 2010,it is Rs.3,558,157.The profit for the company after charging tax stands at Rs.586,050.

As company‟s profit is increasing, it encourages investors to make their investment in the company. The total amount of capital raised from shareholders increased from Rs.16,834 in 2009 to Rs.514,226 in 2010.The Reserves & Surplus is Rs.1,038,760 & secured loan is Rs.383,029.In the year 2010,there is no more unsecured loan for the company. The assets of the company in the opening of year 2010 is Rs.453,436,but after charging depreciation of Rs.93,665,it amounts Rs.359,771.The company has no more investment in the year 2009 but in 2010 it is of Rs.33,634.The total current assets of the company including inventories, debtors, cash & bank balances, loans & advances and other current assets is of Rs.2,809,705 in the year 2010 as against Rs.1,307,263 in 2009.The current liabilities & provisions also increases in 2010 ,from Rs.1,936,015 to Rs.799,193.

As per Common-size income statement, the income of the company becomes approax. double of 2009.In 2009,it was Rs.2,511,282 and in 2010 it is Rs.4,151,954.The expenditure of the company in percentage of net sales is declining, in 2009 ,it is 90.09% and in 2010 ,it is 85.69%.Company also have to bear tax-expenses. Tax-expenses in comparison to net-sales are -0.007% in 2009 and 0.186% in 2010.Profit after tax also increases. All the above mentioned increment shows that the company‟s business is growing and it is paying more taxes now...

The Common-size balance-sheet of the company reveals that company‟s liquidity position is alright. Its investment is only 1.04% to net sales. As far as other assets are concerned, the position of debtors and cash & bank balances to net sales are quite satisfactory, while the position of fixed assets, inventories and other current assets to net sales are not so good because there is percentage decline in their figures. Liabilities are overall increasing except secured loans, unsecured loans and current liabilities. Thus; balance-sheet represents satisfactory position of company.


Page 71

-500,000 0


APPLICATION OF… fixed assets gross block less: accumulated… net block capital work - in -…

absoulte change

investment deferred tax assets working capital current… inventories sundry debtors cash and bank… other currents assets loans and advances total current assets current liabilities… currents liabilities provisions total cuurent… total

absoulte change

profit after tax

total less- operting expense expendituer cost of material… personal expensese manufacturing expense selling general and… financial expaense depercaitation total profit from… less- tax expense current income tax MAT credit enitlement prior years income tax deferred tax fringe benefit tax

0

TOTAL

2,000,000

LOAN FUND secured loans unseecured loans

share capital reserves and surplus

-500,000 sales of good domestic sales export sales turover less discount


The trend analysis of income-statement has been prepared after assuming 2009 as the base year. It shows that company‟s total turnover is increasing and thus expenditures too. Company has to pay more taxes. Concerning trend analysis of balance-sheet, 2009 is the base year and

The assets and liabilities are both almost increasing from 2009 to 2010.the current assets and current liabilities are in good positions.

comparative income satatement

2,500,000

2,000,000

1,500,000

1,000,000

500,000

comapartive balance sheet

1,500,000

1,000,000

500,000

Page 72

120 100 80 60 40 20 0 -20


Lovely professional university profit after tax

total less- operting… expendituer cost of material… personal expensese manufacturing… selling general and… financial expaense depercaitation total profit from… less- tax expense current income tax MAT credit… prior years income… deferred tax fringe benefit tax

sales of good domestic sales export sales turover less discount


comman size income statement

% net sales 2009

% net sales 2010

comman size balance sheet

120 100 80 60 40 20 0


Page 73


trend income statement %trend 2010 fringe benefit tax prior years income tax current income tax depercaitation selling general and adminisrtative expense personal expensese expendituer turover domestic sales

%trend 2009 128.3225044

100% 5.569306931 100%

223.2019781 219.3679563

100% 100%

178.8490198 151.3103396 139.7406562 112.0911843 152.2778175 163.3842563

100% 100% 100% 100% 100% 100%

191.1871044 168.6519651 159.2063492 168.8977169

100% 100% 100% 100%

trend balace sheet

350000% 300000% 250000% 200000% 150000% 100000% 50000% 0%

rese shar rves e and capi sur tal plus

capi tal acc wor uns um sec keec gros ulat net inve ure ure s in d ed bloc stm d bloc por ent loa dep k gers loa k reci ns s( ns atio incl n ud…

cas def h oth sun and er erre inve d dry ban curr ntor deb k ents tax ies tors bala ass ass nce ets ets s

loa ns and adv anc es

curr ents pro liabi visi litie ons s

% trend 2009 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 % trend 2010 3055 362 86.1 0


177 185 175 16.7 0

108 178 217 283 173 351 141 340

Page 74


Cash flow statement increase net cash in used loan in andd operating advances activities income taxes paid ( and other -8% not of refund) assets -3% -2% cash general from operationsincreas -6% e in

cash flow from operating activities

fixed deposit increase in inventories e -10% 0% increase in current liabilities and provision 8%

particluar 0% deprecation 1%

provisio interest provision for paid warranty n for 2% expenses claims 1% 0% provision for doubtful debts loss on sale of fixed operating 0% assets profit 0% before working interest received capital increase on 0% sundry debtors changes 20% -22% profit before tax 16%

cash flow from investing activities B. cash flow from investing activities -30%

purchase of fixed assets

-46% 0% -11% -8%

procced from sales of fixed asset5s

0% 1% investment in subsidary ( luminous electronics power limited)

2%


Page 75


share aaplication money 0%

Cash flow form financing activites

repayment of loan from directors -1%

issue of equity share capital 1%

net cash generated from financing activities 37%

issue of compulsorily fully converiable commulative participatory payment of cash/export prefernce share credit dividend and proceeds of loans facilities 48% dividend tax repayment of loan taken -3% from holding 0% interrest proceeds repayment ofof loans term from holding company ( sar loans taken from paid taken loans from taken bodies from company( sar repayment proceeds repayment from of ofprocced term from term capital privated director -5% bodies coporate coporate capital private vehicle loans loans loans loan limited) 0% 0% -1% limited) 0% 0% -2% 2% 0% -1%


Page 76


Conclusion AND RECOMMENDATION


Page 77


Conclusion According to annual report of this company, we come to know the financial positions of the company, their assets and the liabilities. Luminous is a profit making company and its business is growing very rapidly. Today, in the field of inverters, power backup solution etc; it is the only company which marks its presence in the market. The profit of company is increasing every year but not at so rapid rate. I have examined all the parts of a financial statement of this company.

A financial statement is the most important statement of the company. It reveals the true position of a company, as it presents the figures and positions of assets and liabilities of the concern and also shows the fact that whether the company is making profit or not. We have examined various techniques for management of financial statement. The company‟s cash flow of the luminous for operating activities is -312,236. Increase in the current liabilities and provision and working capital change. The net cash flow from the investing activities is less than the previous year means the investment are made in the company was less the previous year. And cash used in the financial activities was more in the current year than the previous year. It means the luminous financial position is much better than the previous year. The financial position will shown stronger in coming year as per the financial position of the luminous. The compare of the income statement and the balance sheet show the growth of the company and the rapid growth on the assets of the company. The financial ratio of the means the company has more assets then the risk of the liabilities will cover though the assets. The company has 3.4 turnovers the company will satisfy the customer. The cost of goods sold is more than the net working capital. This activities ratio helps in the growth of the company. The profit margin is good for the company. It is equity ratio indicates the proportion between shareholders‟ funds and the borrowed funds. It also indicates the extent to which the firm depends upon outsiders for its existence. The company having overall good profit margin and its show the in the coming year the company have high profit and good market position.


Page 78


RECOMMENDATION 

The company should avoid more expenditure to get more profit



There should increase their export sales more to expend their market in the international level.



They should use cost cutting material



More investment should be done to produce more new technology product according to situation demand



The financial activities of the company should generate more finance which will help in the growth of the company



They should use the sufficient planning is required for any new cost reduction methods.



There should upgrade the technology according to the other competitor.



Proper Forecasting for the company financial position should be done according to their previous financial position.



There should take the advice of the company employs for new innovative idea.



The analysis of the finance of the company should be done and more and more sector will open to make luminous more power full company.


Page 79


Limitation 

The data is given for analysis of financial statement is done on the basis of data available in the annual report of LUMINOUS. So there is only a limited exposure is available to make the report.



As there is many branch of luminous so it is very difficult to analysis all the financial statement of the company.



The annual report of the LUMINOUS For the Financial Year 2009-2010, has not been made public. So only few ratios were been calculated as per the data available to us from the annual report



Every subsidiary of the luminous is having different policy.



As it is the not current data is available so it is difficult to analysis the current situation of the company.


Page 80


Literature review 

The Financial Statement Analysis, author Sinha PHI Learning Pvt. Ltd., 2009. The research about the financial statement analysis which help us to analysis and interprets the data of the company and give us the true result of our data. 

The articles are publishing in the economics times by the ronojoy banerjee which helps us to know about the company.

Luminous IPO within a year  Luminous is a leading battery maker company .It operates in the field of Powerbackup solutions & Renewable energy. IPO stands for “Initial Public Offer”. Luminous brand of companies are running well as its business is well-capitalized with almost no debts and balance-sheets are fairly strong. According to Rakesh Malhotra (SAR Group Founder & CEO),”The Company doesn‟t need lot of capital immediately but in a year, it would need a lot of money”. For this very purpose the company would opt to go for IPO in order to expand its business. It is Second round of funding for the company. Earlier, in 2007, CLSA Capital Partners, a leading Lovely professional university

Page 81


private equity firm, had invested around $20.3million for company‟s expansion. Luminous groups „revenue is substantially growing, that‟s why it is now getting into more capital – intensive activities, thus, in upcoming years, it may have a good Capital – expenditure models.

Power cuts boost inverter sale.


Page 82


 “Sometimes, the Ban for one will prove to be the Boon for other.” The same happens with the leading manufacturers of Inverters & inverters – batteries company, LUMINOUS POWER TECHNOLOGIES. The continuing power crisis & failure of power corporations in Punjab led to the superb business for Luminous Groups in Punjab. As per the statement of Tarun Sapra, branch manager, Luminous Power technologies”, Punajb is an important market for luminous & company has chalked out plans for expanding their business & to meet the needs of growing customers.” Company sales & revenue is growing at a rapid rate, as in 2008-09,company‟s sale India Punjab region is Rs.92 Crore and India 2009-10,,it is Rs.139 Crore. Punjab is the most growing market for Luminous.

Luminous power Signs Tendulkar as its brand Ambassador. Luminous Power, a leading company in power back-up, has signed sachin Tendulkar as its Brand Ambassador. Sachin will now advertise for all Products of Luminous Group, whether it will be inverters, batteries, UPS or other renewable energy systems. Marketing is the base of business. Luminous will invest around Rs.60 Crore for its marketing activities.


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Luminous Organises Channel Partners Meet in Puri.  Luminous Power organizes its channel partners meet in Puri. These types of meet are customer-oriented, educative & informative. This meet is organized basically to discuss & share about the product-innovation, consumer-expectations& after-sale services. As retailers & dealers are an integral part of a company, Mr. Harsh Sharma, Sr.Regional manager, luminous Power technologies said, “Luminous has been one of the fastest growing companies in India. Our meets with Channel-Partners allow us to work synergistically to set new performance benchmarks.” Meets enhance the expertise of company collectively as well as make status symbol about the company India the minds of prospective and potential customers that are why Luminous organizes periodically meets with its Channel Partners across India.


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BIBLIOGRAPHY 

http://www.myluminous.com/default.asp



http://www.letsindia.in/



Financial Statement Analysis, author Sinha PHI Learning Pvt. Ltd., 2009



S, chnad wason analysis of financial statement



Company profile sheet



http://www.luminousindia.com/domestic/dom_default2.htm



http://www.indiamart.com/company/1677226/



http://in.linkedin.com/company/luminous-engineering-and-technology-services-privatelimited?trk=ppro_cprof


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Luminous Report

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