Indus Motor Ratio Analysis
IBF REPORT
INDUS MOTOR COMPANY
11/19/2011
Analysis of Common size Income Statement
Net sales
In the years 2007 and 2008 there has been a slight increase in net sales which depicts that the demand of the vehicles has not surged in a significant manner. In contrast to this, the year 2009 has suffered a decrease in the total net sales .
As compared to FY09, the net sales for FY10 rose by 37%. This was due to both, increase in manufacturing and increase in trading of the company.. The increase in demand is mainly attributable to the combined effects of a healthy agricultural income for the farming community and a small increase in auto financing. This has occurred on a low volume base for the previous year, which had suffered from the dampened demand due to the extraordinarily difficult economic conditions in the country and also from the absence of the newly launched Corolla for part of the year on account of the run out of the old model.. The Federal Budget 2009-10 brought good news for the auto industry in terms of the abolishment of the 5% excise duty on cars with an engine capacity in excess of 850cc, which was immediately passed to the customers through a price.
The demand for the locally assembled passenger cars (PC) and light commercial vehicles (LCV) increased by 9% to 33,687 units for the first quarter of the year 2010 as compared to 30,787 units sold for the corresponding period in 2009.. The combined sales of Toyota and Daihatsu brands for the quarter recorded an increase of 14% to 12,114 units compared to 10,631 units sold for the same period last year representing an increase in market share from 32% to 34%.. Correspondingly, the production of PC and LCV for the quarter ended September 2010 also increased by 15% to 12,186 units as against 10,576 units produced in the same period in 2009. On the financial side, the company s sales revenue of the CKD, CBU and parts business grew by 20% to Rs 14. 3 billion over Rs 11.9 billion.
Cost of sales
INDUS MOTOR COMPANY
11/19/2011
Analysis of Common size Income Statement
Net sales
In the years 2007 and 2008 there has been a slight increase in net sales which depicts that the demand of the vehicles has not surged in a significant manner. In contrast to this, the year 2009 has suffered a decrease in the total net sales .
As compared to FY09, the net sales for FY10 rose by 37%. This was due to both, increase in manufacturing and increase in trading of the company.. The increase in demand is mainly attributable to the combined effects of a healthy agricultural income for the farming community and a small increase in auto financing. This has occurred on a low volume base for the previous year, which had suffered from the dampened demand due to the extraordinarily difficult economic conditions in the country and also from the absence of the newly launched Corolla for part of the year on account of the run out of the old model.. The Federal Budget 2009-10 brought good news for the auto industry in terms of the abolishment of the 5% excise duty on cars with an engine capacity in excess of 850cc, which was immediately passed to the customers through a price.
The demand for the locally assembled passenger cars (PC) and light commercial vehicles (LCV) increased by 9% to 33,687 units for the first quarter of the year 2010 as compared to 30,787 units sold for the corresponding period in 2009.. The combined sales of Toyota and Daihatsu brands for the quarter recorded an increase of 14% to 12,114 units compared to 10,631 units sold for the same period last year representing an increase in market share from 32% to 34%.. Correspondingly, the production of PC and LCV for the quarter ended September 2010 also increased by 15% to 12,186 units as against 10,576 units produced in the same period in 2009. On the financial side, the company s sales revenue of the CKD, CBU and parts business grew by 20% to Rs 14. 3 billion over Rs 11.9 billion.
Cost of sales