luminous report

LUMINOUS ENGG. & TECH. SERVICE PVT. LTD

LOVELY PROFESSIONAL UNIVERSITY

DEPARTMENT OF MANAGEMENT

REPORT OF SUMMER TRAINING

ON

“FINANCIAL STATEMENT”

SUBMITTED TO


SUBMITTED BY

“Megha Singh”

REG NO: 11006957

UNDER THE GUIDANCE OF

“Mr. Rajesh Negi” (Sr. Manager, F& A)

Table of contentsLovely professional university


Chapter titles page no.

1 Declaration 3

2 Acknowledgement 4

3 Preface 5

4 EXECUTIVE SUMMARY 6-7

5 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 Awards 50

13 RESEARCH METHODOLOGY 51- 53

14 Financial statement 54

15 Introduction 55- 56

16 annual report 58- 59

17 Financial statement analysis 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

Lovely professional university


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 “11 th 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


JALANDHAR

Signature: Megha Singh

Date: 25nd July 2012

Place: LUMINOUS (DELHI)



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



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.



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

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.



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.



Luminous

Engineering &

Technology Services

(LETS)



Company

profile

Evolve > Enable > Excel



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, 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

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




luminous

Batteries

Inverters

UPS system

DG system

Package power system

Solar PV modules

Electrical


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


swot analysis

weekness

oppertunity

strengths

threats


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

History of the companyLovely professional university


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

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.”

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.

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.

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

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.



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.

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.

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.

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 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

PRESS AND MEDIA COMPANIES

Prasar Bharti

Times of India

The Pioneer

Indian Express

India Today

Business Today

New Delhi Television

TV Today

CNBC India

Thomson Press

Amar Ujala

CNN - IBN

HOTELS AND AIRLINES


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


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

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

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) LimitedVillage Malpur, P.O. Bhud, Baddi, Tehsil NalagarhHimachal Pradesh – 173205

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)

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.

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.

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

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 charge-discharge 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.

LUMINOUS TUBULAR BATTERIES: VERSATILE APPLICATIONSUPS 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



Sealed Maintenance Free/VRLA Batteries

Luminous Sealed Maintenance Free (SMF) Batteries are designed to offer reliable, consistent and low maintenance power for UPS applications. These batteries can be subject to deep cycle applications and minimum maintenance in rural and power deficit areas. These batteries are available in 12 Volts from 7.5Ah to 200 Ah @ 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. Thesebatteries 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 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 high-power 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 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 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

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



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



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.



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.



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.



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.



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.



RESEARCH

METHODOLOGY



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.



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.



Financial statement

\



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, cash-flow 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



• 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.

PurposeFinancial 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 statementsComparative 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



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 statementThe 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.



Annual reportProfit and loss account



Balance sheet



Financial statement analysis Luminous

2010 (thousand)

2009(thousand)

share capitalauthoriesied 55,000,000(previous year 2,000,000) 550,000 20,000equity share of rs. 10 eachissused, subsribed and paid up1742638(previous year 1,683,360) equity share fully paid 17,426 16,8368,28,00(previous year: nil) compulsorily fully converible cumulativeparticipatory preference share of rs. 600 each fully paid 496,800 0

514,226 16,836reserves and surplussecurities permium account 306,195 0

general reserveopening balance 2500additions during the year 58,605 2500closing balance 61,105 2,500

profit and loss account 671460 2816401,038,760 284,140

secured loanloans and advance from bankscash/export credit facilities 267,266 324,649tearm loan 112,065 116,822vehicle loans 3,698 3379

383,029 444,850unsecured loans inter coporate loans 0 18,322loan from bulinding company- sar capital private limited 0 24112loan from other 0 11,000

0 53,434Investmentlong termsubsidiaries (tarde and unquoted)150000 share of rs 10 each of lumious electronic private limited fully paid up 1800 040000 share4 of SGD 1 each of LABH holding pre. Ltd. Fully paid 1,064 03266 share of rs 10 each of luminous engineering and technology services private limited fully paid 31,770 0 34,634 deferred tax asstes deferred tax liabilitydeperciation on fixed assets 2,846 3,069



2,846 3,069deferred tax assets provision for bad debts 4937 5976employee benefits 2374 1243net deferred tax assets 4,465 4,149

inventories raw material and componets 238,431 202,532working in progress 256,150 124,089finished good 193,303 63,229goods - raw material 114,205 60,317 802,089 450,167sundry debtors debts outstanding for a period exceeding six monthsunsecured, cosidered good 64,225 27,880secured, cosidered good 435unsecured, cosidered doubtful 32,279 17,263debts outstanding for a period less than six monthssecured, cosidered good 30,441 63,416unsecured, cosidered good 1,406,003 624,500

1587383 733,579less: provision for doutful debts 32279 17,753 1555104 715826cash and bank balancecash in hand 988 713balances with scheduled bankin current account 125,842 24618in fixed account 45,952 35,622 172,782 60,953fixed 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 1381 2,391 1381loans and advance

security deposits 12848 8709advance income tax 0 591MAT credit entitlement 104,573 32355adavance to supplier 21996 14058share application money in LABH holiding pee. Ltd. 43951loan to luminous electronic private limited ( subsidiary company) 40000other advance recoverable in cash or in hand 53,971 23194or for vale to be received 277339 78907



current liablities sundry creditior for goods 931556 610884sundry creditior for capital goods 6128 6649bank overdraft 0 4626advance from customers 30478 13321security deposits from customer 23650 59768other liabilities 96862 77188 1088674 772436Provisionincome tax 8447 24623fringes benefit tax 40 674proposed dividend 120197coporate dividend tax 20428provision for warrenty expenses 42,783 20,118provision for claims 4053 10,225Gratuity 3167 2360compensated absences 3816 1609 202931 59609other incomeintersted on fixed deposite 10,064 1530income frome annual maintenance contaracts and maintaenance service 16325 15541misscellances income 14781 13205 41,170 30,276tax deduced in source on interest 2079 303

cost of material consumedraw materialopening inventory 202532 57075add: purchase 2756797 1574850

2959329 1631925less: closing inventory 238,431 202,532

2,720,898 1,429,393finished goods purchased for tradingopening inventory 35,813 58,251add: purchase 288717 310,105

324,530 368,356less: closing inventory 44998 35815

279,532 332,541movement in the inventory of manufacture goodsclosing inventorywork- in- progress 256,150 124089finished goods in ware house 148,304 27416

404,454 151,505opening inventory



work in progress 124089 56221finished good in ware house 27416 10314

151505 66535252,949 84,970

Total 2,747,481 1676956

less : cost of battery replacement 22,280 18195loss of good on fire and clamity 15014total consumption 2710187 1658781

personal expensesalaries, wages and bouns 169010 112212contribution to provident fund and other benefits 15162 8490staff welfare 7561 5208 191733 125910manufacturing expenses consumable store 23585 40384Jobwork 28125 23765electricity, power and fule expenses 53355 29209genertor hiring and running changes 1069 140repairs and maintanace of machinery 5828 5590other manufacturing expenses 591 284 112553 100442selling, general and administrative expensesRent 10260 8772rates andtaxes 8243 839priniting and stationery 3661 2457testing fee 90 1349consumables 8564 6950installing charges 10561 3371travelling and conveyance expenses 38244 26491communication charge 17565 11608repair and maintenance 10483 7791insurance charge 4743 8569lagal and professional charge 17723 15146provision for douthful debts 14526 14937vehicles running and maintenance 10050 6135security expense 2325 1718electricity an d power 4522 2327provision for warranty cost 44919 36339advertisement and publicity 96657 66537Commission 43819 23738freight outward 56028 37,229service changes paod 5766 3403miscellaneous expenses 7762 6529 416511 292235



financial expensesbank and finance changes 41213 25253bank interest 35988 21698interest on other loan 3169 6465 80370 53416

Data analysis

comparative income statement of luminous of year 31 mar 2010 and 31 mar 20092009( thou

sand)2010( thou

sand)absoulte change

% change

source of fundIncome

sales of gooddomestic sales 2,736,230 4,621,430 1,885,200 68.897716

93export sales 71,190 113,339 42,149 59.206349

21turover 2,807,420 4,734,769 1,927,349 68.651965

15less discount 326,374 623,985 297,611 91.187104

362,481,046 4,110,784 1,629,738 65.687536

63

total 2,481,046 4,110,784 1,629,738 65.68753663

less- operting expenseexpendituer

cost of material consumed

1,658,781 2,710,187 1,051,406 63.38425627

personal expensese 125,910 191,733 65,823 52.27781749

manufacturing expense 100,412 112,553 12,141 12.09118432

selling general and adminisrtative expense

298,060 416,511 118,451 39.74065624

financial expaense 53,116 80,370 27,254 51.31033963

depercaitation 26,169 46,803 20,634 78.84901983

total 2,262,448 3,558,157 1,295,709 57.27022234



profit from operations before tax

218,598 552,627 334,029 152.8051492

less- tax expensecurrent income tax 34,428 75,524 41,096 119.36795

63MAT credit enitlement -32,355 -72,217 -39,862 123.20197

81prior years income tax 0 410 410 0

deferred tax -5656 -315 5,341 (94.43069307)

fringe benefit tax 3,386 4,345 959 28.32250443

-197 7,747 7,944 (4032.48731)

profit after tax 218,795 544,880 326,085 149.0367696

comparative balance sheet of luminous of year 31 mar 2010 and 31 mar 20092009( thousand)

2010( thousand)

absoulte change % change

SOURCE OF FUNDshareholder's fund

share capital 16,834 514,226 497,3922954.68694

3

reserves and surplus 287,140 1,038,760 751,620261.760813

5

303,974 1,552,986 1,249,012410.894352

8LOAN FUND

secured loans 444,870 383,029 -61,841

-13.9009148

7unseecured loans 50,349 0 -50,349 -100

495,219 383,029 -112,190

-22.6546235

1

TOTAL 799,193 1,936,015 1,136,822142.246240

9

APPLICATION OF FUNDfixed assets

gross block 256,366 453,436 197,07076.8705678

6



less: accumulated depreciation 50,605 93,665 43,060

85.09040609

net block 205,761 359,771 154,01074.8489752

7capital work - in - porgerss( including adavance) 114,065 19,045 -95,020

-83.3033796

5

319,826 378,816 58,99018.4444041

4investment 0 33,634 33,634 0

deferred tax assets 4,119 4,465 3468.40009711

1working capital current assests,loans and advances

inventories 450,191 802,089 351,89878.1663782

7

sundry debtors 715,826 1,555,104 839,278117.246090

5

cash and bank balances 60,958 172,782 111,824183.444338

7

other currents assets 1,381 2,391 1,01073.1354091

2loans and advances 78,907 277,339 198,432 251.475788

total current assets 1,307,263 2,809,705 1,502,442114.930354

5current liabilities and provisions

currents liabilities 773,037 1,088,674 315,63740.8307752

4provisions 59,608 202,931 143,323 240.442558

total cuurent liabilities 832,645 1,291,605 458,96055.1207297

2

total 474,618 1,518,100 1,043,482219.857232

6799,193 1,936,015

common - size income statement of luminous of 31 mar2009 and 31 mar 2010

absoult figure % net sales2009( thousand) 2010( thousand) 2009 2010

Incomesales of good domestic sales 2,736,230 4,621,430 110.2853393 112.4221073export sales 71,190 113,339 2.869354297 2.757113971Turnover 2,807,420 4,734,769 113.1546936 115.1792213



less discount 326,374 623,985 13.15469363 15.179221292,481,046 4,110,784 100 100

total 2,481,046 4,110,784 100 100less- operting expenseexpendituer cost of material consumed 1,658,781 2,710,187 66.85813161 65.92871335personal expensese 125,910 191,733 4.66414679manufacturing expense 100,412 112,553 4.047163978 2.737993531selling general and adminisrtative expense 298,060 416,511 12.01348141 10.13215484financial expaense 53,116 80,370 2.140871229 1.955101509Depercaitation 26,169 46,803 1.054756744 1.138541942total 2,262,448 3,558,157 91.18928065 86.55665197profit from operations before tax 218,598 552,627 8.81071935 13.44334803less- tax expensecurrent income tax 34,428 75,524 1.387640535 1.837216453MAT credit entitlement -32,355 -72,217 -1.304087067 -1.756769512prior years income tax 0 410 0 0.009973767deferred tax -5656 -315 -0.227968365 -0.007662772fringe benefit tax 3,386 4,345 0.136474697 0.105697599

-197 7,747 -0.007940199 0.188455535profit after tax 218,795 544,880 8.818659549 13.2548925

common - size balance sheet of luminous of 31 mar2009 and 31 mar 2010

absoult figure % balance sheet2009( thousand) 2010( thousand) 2009 2010

ASSETSfixed assets net block 205,761 359,771 12.60915606 11.14663436capital work- in - progress 114,065 19,045 6.989970818 0.590063266investment 0 33,634 0 1.042068149deferred tax assets 4,119 4,465 0.252414762 0.138337227 current assests,loans and advancesinventories 450,191 802,089 27.58797135 24.85078789sundry debtors 715,826 1,555,104 43.86624162 48.18113657cash and bank balances 60,958 172,782 3.735542376 5.353232413other currents assets 1,381 2,391 0.084628499 0.074079353loans and advances 78,907 277,339 4.835467736 8.592678196



TOTAL ASSETS 1,631,838 3,227,620 100 100LIABILITYshare capital 16,834 514,226 1.031597499 15.932049reserves and surplus 287,140 1,038,760 17.59610942 32.18346646secured loans 444,870 383,029 27.26189732 11.86722724unseecured loans 50,349 0 3.085416567 0currents liabilities 773,037 1,088,674 47.37216562 33.72993103provisions 59,608 202,931 3.652813576 6.287326265total liabilities 1,631,838 3,227,620 100 100

statement of trend analysis of income statement of 2009 and 2010

2009( thousand) 2010( thousand) %trend

2009 2010

domestic sales2,736,23

0 4,621,430 100% 168.8977169export sales 71,190 113,339 100% 159.2063492

Turnover2,807,42

0 4,734,769 100% 168.6519651less discount 326,374 623,985 100% 191.1871044expendituer cost of material consumed

1,658,781 2,710,187 100% 163.3842563

personal expensese 125,910 191,733 100% 152.2778175manufacturing expense 100,412 112,553 100% 112.0911843selling general and adminisrtative expense 298,060 416,511 100% 139.7406562financial expaense 53,116 80,370 100% 151.3103396depercaitation 26,169 46,803 100% 178.8490198

current income tax 34,428 75,524 100% 219.3679563MAT credit enitlement -32,355 -72,217 100% 223.2019781prior years income tax 0 410deferred tax -5656 -315 100% 5.569306931fringe benefit tax 3,386 4,345 100% 128.3225044



statement of trend analysis of balance sheet of 2009 and 2010

2009( thousand) 2010( thousand) % trend

2009 2010share capital 16,834 514,226 100% 3054.686943reserves and surplus 287,140 1,038,760 100% 361.7608135secured loans 444,870 383,029 100% 86.09908513unseecured loans 50,349 0 100% 0gross block 256,366 453,436 100% 176.8705679 accumulated depreciation 50,605 93,665 100% 185.0904061net block 205,761 359,771 100% 174.8489753capital work - in - porgerss( including adavance) 114,065 19,045 100% 16.69662035investment 0 33,634 100% 0deferred tax assets 4,119 4,465 100% 108.4000971inventories 450,191 802,089 100% 178.1663783sundry debtors 715,826 1,555,104 100% 217.2460905cash and bank balances 60,958 172,782 100% 283.4443387other currents assets 1,381 2,391 100% 173.1354091loans and advances 78,907 277,339 100% 351.475788currents liabilities 773,037 1,088,674 100% 140.8307752provisions 59,608 202,931 100% 340.442558

cash flow statement of luminous of 31 mar 2009 and 31 mar 2010

Particular 2010(thousand) 2009(thousand)A. cash flow from operating activitiesprofit before tax 593,797 218545Deprecation 46,803 26468provision for claims 3159 10207interest paid 80370 53436provision for warranty expenses 44919 18353loss on sale of fixed assets 88 0provision for doubtful debts 14526 14937interest received -10,064 -4336operating profit before working capital changes 773,598 337,610changes in working capitalincrease on sundry debtors -833804 -195,285



increase in current liabilities and provision 309946 432,225increase in inventories -389185 -239648increase in fixed deposite -2330 -18,496increase in loan andd advances and other assets -60610 -25,238cash general from operations -222,385 5,881income taxes paid ( not of refund) -96,497 -12,327net cash used in operating activities -318,882 -6,646

B. cash flow from investing activities purchase of fixed assets -113,859 -185364procced from sales of fixed asset5s 746 1436investment in subsidary ( luminous electronics power limited) -1800 0investment in subsidary (labh holding ptv. limited) 1,064 0share application money in subsidiary( labh holding ptv. Ltd.) -43,931 0investment in luminous engineering and services private limited -31,770 0interest received 9,054 763net cash used in investing activities -182,644 -183,195

C. cash flow from financing activities share aaplication money 0 -5900issue of equity share capital 8855 0issue of compulsorily fully converiable commulative participatory prefernce share 794733 0cash/export credit facilities -57354 186302procced from term loan 29907 89231repayment of term loans -34740 -8520proceeds from vehicle loans 2287 2500repayment of vehicle loans -1968 -1650repayment of term loans taken from bodies coporate -16950 -2900proceeds of loans taken from bodies coporate 0 1000repayment of loan from holding company( sar capital private limited) -20662 -2900proceeds of loans taken from holding company ( sar capital privated limited) 0 13051repayment of loan from directors -11000 -151loans taken from director 0 17000payment of dividend and dividend tax 0 -28590interrest paid -82082 -51960net cash generated from financing activities 611026 206513

net increase in cash and cash equivalents(A+B+C) 109500 13721cash and cash equivalents at beginning of the year 25330 11600cash and cash equivalents at the end of the year 134830 25330



components of cash and cash equivalent cash in hand 988 713balance with scheduled bankin current account 125842 24618in deposite account 8000

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

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 100Net 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 – CL1631208-832,645= 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 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.



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 2009Total 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.

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.

sales

of good

export

sales

less d

iscount

less-

operting e

xpen

se

cost

of mate

rial co

nsumed

manufac

turing e

xpen

se

financia

l exp

aense

total

less-

tax ex

pense

MAT cred

it enitle

ment

deferre

d tax

-500000

0

500000

1000000

1500000

2000000

2500000

comparative income satatement

absoulte change

-500,0000

500,0001,000,0001,500,0002,000,000

comapartive balance sheet

absoulte change



sales

of good

export

sales

less d

iscount

total

expen

dituer

personal

expen

sese

sellin

g gen

eral a

nd adminisr

tative

expen

se

deperc

aitati

on

profit fr

om operations b

efore

tax

curre

nt inco

me tax

prior y

ears

income t

ax

fringe

benefi

t tax

profit a

fter tax

-202060

100140

comman size income statement

% net sales 2009% net sales 2010

ASSET

S

fixed as

sets

net block

capita

l work-

in - p

rogre

ss

investm

ent

deferre

d tax a

ssets

curre

nt asse

sts,lo

ans a

nd adva

nces

inventorie

s

sundry

debtors

cash an

d bank b

alances

other cu

rrents

assets

loans a

nd adva

nces

TOTA

L ASS

ETS

LIABILIT

Y

share

capita

l

reserv

es an

d surp

lus

secured

loan

s

unseecu

red lo

ans

curre

nts lia

bilities

provis

ions

total lia

bilities

0

40

80

120

comman size balance sheet

% balance sheet 2009 % balance sheet 2010



domestic sales

turover

expendituer

personal expensese

selling general and adminisrtative expense

depercaitation

current income tax

prior years income tax

fringe benefit tax

100%100%100%100%

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

100%100%

100%100%

168.897716931692

159.206349206349

168.651965149497

191.187104364931

163.384256270116

152.277817488682

112.091184320599

139.740656243708

151.310339634009

178.849019832627

219.367956314629

223.201978055942

5.56930693069307

128.322504430006

trend income statement

%trend 2010 %trend 2009

share

cap-ital

re-serves

and surplus

se-cured loans

un-seecured

loans

gross

block

ac-cu-mu-lated

de-precia-tion

net bloc

k

cap-ital work - in - porgerss( including adavance)

in-vestment

de-ferred tax as-sets

in-vento-ries

sundry debtors

cash

and ban

k bal-an-ces

other

cur-rent

s as-sets

loans

and ad-vances

cur-rents li-abil-ities

provi-

sions

% trend 2009

1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1

% trend 2010

3054.6869430913

6

361.76081354043

3

86.099085125991

9

0 176.87056786001

3

185.09040608635

5

174.84897526742

2

16.696620348047

2

0 108.40009711094

9

178.16637827055

6

217.24609053038

283.44433872502

4

173.13540912382

3

351.47578795290

4

140.83077524103

340.44255804589

9

25000%

75000%

125000%

175000%

225000%

275000%

325000%

trend balace sheet



Cash flow statement

profit before tax16%

deprecation1%

provision for claims0%

interest paid2%

provision for warranty expenses

1%loss on sale of fixed assets

0%provision for doubtful

debts0%

interest received0%

operating profit before working capital changes

20%increase on sundry debtors

22%

increase in current liabili-ties and provision

8%

increase in inventories10%

increase in fixed deposite0%

increase in loan andd advances and other as-

sets 2%

cash general from opera-tions6%

income taxes paid ( not of refund)

3%

net cash used in operating activi-ties8%

cash flow from operating activities

30%

0%0%0%

11%

8%

2%

47%

cash flow from investing activities

B. cash flow from investing activi-ties

purchase of fixed assets

procced from sales of fixed asset5s

investment in subsidary ( lumi-nous electronics power limited)

investment in subsidary (labh holding ptv. limited)

share application money in subsidiary( labh holding ptv. Ltd.)investment in luminous engineer-

ing and services private limitedinterest recevied

net cash used in investing activi-ties



issue of equity share capital1%

issue of com-pulsorily fully converiable commulative participatory

prefernce share48%

cash/export credit facilities3%

procced from term loan2%

repayment of term loans 2%

proceeds from vehicle loans 0%

repayment of vehicle loans0%

repayment of term loans taken from bodies coporate

1%

repayment of loan from holding company( sar capi-

tal private limited) 1%

repayment of loan from directors

1%

interrest paid5%

net cash generated from financing activities

37%

Cash flow form financing activites



Conclusion

AND

RECOMMENDATI

ON



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 back-up 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.



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.

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.



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


http://www.google.co.in/search?tbo=p&tbm=bks&q=inauthor:%22Sinha%22&source=gbs_metadata_r&cad=6


Luminous is a leading battery maker company .It operates in the field of Power-backup 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 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.

“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.



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.



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-private- limited?trk=ppro_cprof


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

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

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

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

http://www.google.co.in/search?tbo=p&tbm=bks&q=inauthor:%22Sinha%22&source=gbs_metadata_r&cad=6

http://www.letsindia.in/

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

luminous report

Documents

pre journey

lovely professional

charger fuse

equally robust

aggressive

enjoy life

prominent

labh holding