2. Industry Overview
 AIS is India’s largest Integrated Glass Company. Having a market
share of more than 75%
 AIS supplies high quality automotive glass to the entire passenger
car industry in India
 Continued to maintain leadership position for almost 20 years
 In 1987,started operations with manufacturing toughened glass for
automobiles
 Today it has Four Plants and Three Assembly Units

3. Company Profile
 WE is the first and only specialist in automotive glass repair and
replacement
 Promoted by Labroo’s through their investment company M/S Allied
Fin cap Services Pvt Ltd, and Japanese Glass Company - Auto glass
Company Ltd
 Windshield Experts has a total of 21 retail outlets including those in
Delhi, NCR
region, Punjab, Chennai, Mumbai, Bangalore, Ahmadabad, Jaipur, In
dore, Surat, and Pune
 At Windshield Experts we make it our business to keep at par with
the latest technology available in the international market so as to
provide our customers with a service well appreciated
 Windshield Experts has got into alliance with all major insurance
companies in order to manage all their automotive glass claims more

4. Product Range
• Laminated Windshields
• Defogger glass
• Solar Control Glass
• Rain sensor windshield
• Heated windshield

5. Their Network Place

6. Objective of the Study
• Detailed analysis of the financial statements that is the
balance sheet and the income statement of Shield Auto
glass Ltd
• The understanding and assessment of financial ratios
based on the statements of the company
• Recognize the position of the company through those
ratios and data available

7. Objective of the Study
• To find out the profitability and viability of the organisation
• To study and find out the market standing of the company
• To know how company is managing its financial
resources

8. Financial Statement
of
Shield AutoGlass Limited
Liquidity Ratio
Activity Ratio
Profitability Ratio
Solvency Ratio

9. Internal Source of Finance
400
Rs in lacs
147.87 145.18
300 41.74
104.18 107.67
200
100
0
2007 2008 2009 2010 2011
-35.46 -38.15
-100 -79.15 -75.66
-141.59
-200
Reserves and Surplus Owner's Equty Paid up Capital

10. External source of Finance
800
700
686.21
600
524.35
501.72
500
433.99
Secured Loan
400 365.65
Unsecured loan
Long Term debt
300
200
100
0
2007 2008 2009 2010 2011

11. Current Ratio of SAL
5
4.56
4.5
in crore 4.04
4
3.5
3.13 3.19 3.2
3 2.71
2.59
2.5
2.13
2
1.46 1.50 1.56
1.5
1.18
1
0.5
0
2008 2009 2010 2011
CA CL CR

12. Quick Ratio of SAL
3.5
In crore
3.13
3
2.87
2.71
2.59
2.5
2.13
2
1.85 1.85 QA
1.63 CL
1.5
QR
1
0.92 0.87
0.71
0.60
0.5
0
2008 2009 2010 2011

13. Inventory Turnover Ratio
In times
18
16
15.68
14
12.20
12
10.74
10 Cost of good sold
STR
8 6.94 Average stock
6
4
2
0.63 0.47 0.38 0.56
0
2008 2009 2010 2011

14. Inventory Holding Period
 60.00
In days
52
50.00
40.00
34
30.00
30 STR
20.00 23
ASHP
10.00
0.00
2008
2009
2010
2011

15. Debtors Turnover Ratio
8
In times
7
6
5
4.87
4 4.24
Net credit sale
3 2.28 2.87
average debtor
2
DTR
1
0
2008
2009
2010
2011

16. Debt Collection Period
In Days
400 6.00
350
5.00
300
4.00
250
No of Days
200 3.00
158 ACP
150 125 2.00
DTR
100 85
74
1.00
50
0 0.00
2008 2009 2010 2011

17. Creditors Turnover ratio
6
In times
5
4
3.20
3 Net Credit Purchase
2.59
Avreage creditors
2 1.73 CTR
1.36
1
0
2008 2009 2010 2011

18. Average payment Period
In days
300 3.50
3.20
265 3.00
250
2.59
2.50
200
208
2.00
1.73 CTR
150
140 APP
1.36 1.50
100
1.00
64
50
0.50
0 0.00
2008 2009 2010 2011

19. Fixed Asset Turnover Ratio
In times
14
12.18
12
10.54
10 9.19
7.91
8 Sale
6.41 Average Fixed asset
6.02
6 5.19 FATR
4.23
4
2
0
2008 2009 2010 2011

20. Current Asset Turnover Ratio
In times
14
12
10
8 Net Sale
Current Asset
6
CATR
4 3.29
2.88 3.01
2 1.73
0
2008 2009 2010 2011

21. Working Capital Turnover Ratio
In times
35
30 29.28
25
20 Sale
WC
15 WCTR
10 10.41 10.69
9.23
5
0
2008 2009 2010 2011

22. Gross Profit Ratio
In crore
14 46%
12 45% 45%
10 45%
45%
8
GP
44% 44%
6 Net Sale
44%
GPR
44%
4
2 43%
0 43%
2008 2009 2010 2011

23. Net Profit Ratio
In crore
14 0.00%
12 -2.00%
-3.81% -3.62%
-4.00%
10
-6.00%
8
-6.16%
-8.00% NP
6 Net sale
-10.00%
NPR
4
-12.00%
2
-14.00%
0
-16.00%
2008 2009 2010 2011
-2 -18.00%
-17.83%
-4 -20.00%

24. Return On Equity
16
In crore 0.00%
-2.37% -2.62%
14
-6.97% -5.00%
12
-10.00%
10
-15.00%
8 Equity
NP
6 -20.00%
ROE
4
-25.00%
2
-30.00%
0
2008 2009 2010 2011 -35.00%
-2 -33.78%
-4 -40.00%

25. Debt Equity Ratio
In crore
16 1.80
1.70 14.78 14.51
14 1.60
1.40
12
10.76
1.20
10
1.00 Debt
8 Shareholder's fund
7.08 7.07 6.86
0.80 Debt Equity ratio
6
5.01 0.64
0.60
4.17
4 0.48
0.40
0.35
2 0.20
0 0.00
2008 2009 2010 2011

26. Observations And Findings
 It has been observed that the company current ratio is keep
increasing from the last 4 years (2008 to2011) which is a good sign
for the company
 Liquidity ratios shows that the firm has been facing some problems
regarding paying short term liabilities for last years, In 2008 the ratio
was good i.e. 0.94
 Inventory turnover ratio is constantly increasing from 2008, 2010 but
in 2011 the ratio has been declined to 12.20. It indicates poor
liquidity, possible overstocking.
 Improvement has been seen in debtor turnover ratio in last 2 years
and there has been decline in the debt collection period which shows
efficiency of staff of debt collection department.

27. Observations And Findings
 The creditor’s turnover ratio keeps on increasing from past 2008 to
2011. High creditor turnover ratio is good because it will decrease the
average payment period
 Drastic decline has been observed in working capital turnover ratio in
2011i.e 9.23 as it was 29.28 in 2010. Company currently is unable to
meet its short-term liabilities with its current assets
 It has been observed from the give data the company is no more in
profit, they are suffering from losses from past years as there
operating expenses are very high. There ROE is also decreasing
because they have no retained earnings
 It has been observed from the given data that debt equity ratio is less
than 1in last 3 years except 2008 .It indicates that business uses
mainly equity to finance its operations

28. Recommendations
• Company needs to maintain a high ratio for short-term
liquidity, as it is not an ideal ratio which is an adverse
sign for firm.
• To increase the current ratio the firm should keep or
increase the amount of current assets that they have and
decrease the amount of current liabilities.
• To increase the ratio of liquid assets the firm should have
more cash with them and they should increase the
amount of debtors and other liquid assets

29. Recommendations
• To increase the Inventory turnover ratio by increasing the
demand of product line, set a better overall price for the
products to increase demand, which in turn boosts sales
and inventory turnover
• Though the company sale is continuously increasing but
still company is in loss so management should take some
steps to increase the profit
• The company’s profit after tax is negative. The reason
was their operating expenses are very high so they
should reduce the expenses