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Vision

� we are the most admired global energy company leveraging talent And technology � We are the first choice of customers, always � We exploit profitable growth opportunities outside energy � We are the role model for Health, Safety, Security & Environment � We are a great organisation to work for � We are a learning organisation � We are a model corporate entity with social responsibility

Mission � We are the most admired global energy company leveraging talent and technology � We are the first choice of customers, always � We exploit profitable growth opportunities outside energy � We are the role model for Health, Safety, Security & Environment � We are a great organization to work for � We are a learning organization

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Bharat Petroleum Corporation

(listed under)

BSE(Bombay stock exchange) NSE(National stock exchange)

BOARD OF DIRECTOR

INTERPRETATION

COMMON SIZED BALANCE SHEET OF BHARAT PETROLEUM OF YEAR 2014-15

(A)-Total net worth of the company increased from 49.32%inyear2014 to 65.61%in year2015 and total debt decreased from 50.68% in year 2014 to34.39%in 2015.

(B)-Net block increased from96.45% in year2014 to 121.71% in year2015.Investment increase from30.03% in year2014 to36.18%,total current assets decreased from 59.20% to 53.18% ,and increase in total current liabilities from 83.59% to 103.62%.

INTERPRETATION

COMMON SIZED PROFIT & LOSS ACCOUNT OF BHARAT PETROLEUM CORPORATION FOR THE YEAR ENDED 31ST MARCH 2015

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A-Total income decreased from 101.35% in year 2014 to 99.03% in year r2015 due to increase in excise duty from 4.22% to6.37% and decrease in stock adjustments from +0.78%inyear 2014 to -1.90%in year2015

(B)-Total expenses decreased from 97.67% in year 2014 to 94.16% in year 2015 due to decrease in raw material cost from 92.41% to88.94 and employee cost. From 0.46% to 0.73%.

(C)- Earnings before tax increased from 2.29% in year 2014 to 3.11% in 2015and income taxes increased slightly and net profit increased from 1.56% in year 2014to2.14% in year 2015.

INTERPRETATION

COMPARATIVE INCOME STATEMENT OF YEAR 2013-14

(A)-Increase in net sale by 8.13% in 2014 over 2013

(b)-total income of the company increased by 8.34%

©_ total expenses increased by7.87% in year 2014 over 2013_

€-Increase in tax by 35.56% due to increase in EBT by 47.415%

INTERPRETATION

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COMPARATIVE INCOME STATEMENT STATEMENT YEAR 2014-15

(a)-Decrease in net sales by 8.45% in year 2015 over 2014 (B)_Total income decreased by 10.54% due to increase in excise duty and decrease in stock adjustments

©-decrease in total expenditure in year 2015 over 2014 by11.32% (D)-Depreciation charges in 2015 increased by 11.98%

E- INCREASE in tax by 23.46% due to increase in earnings before tax (bet) by 24.65%.

Interpretation of Ratio OF BHARAT PETROLEUM CORPORATION- Year 2014-15

Name of Ratio Idol Ratio YEAR-2014

YEAR-2015

Which year Is Better

Gross Profit Ratio Higher – Better 52.8% 13.73% 2015

Operating Profit Ratio Higher – Better 3.11% 3.49% 2015

Net Profit Ratio Higher – Better 1.56% 2.14% 2015

Equity Ratio 1294.0 0.65:1 2015

Debt-Equity Ratio 2:01 1.02:1 0.52:1 2014

Current Ratio 2:01 0.75:1 0.59:1 2014

Absolute Liquidity Ratio 1:01 0.006:1 0.044:1 2015

Proprietary Ratio 1:02 0.49:1 0.65:1 2015

Fixed Asset Turnover Ratio

5 times

14.235 TIMES

12.466 TIMES

2014 Higher – Better

utilization

5

Working Capital Turnover Ratio

Higher-efficient utilization

(-)46.76 times

(-)20.466 times

2014 very high ratio is not a good situation

Return to Equity Ratio Higher – Better 20.87% 23% 2015

By comparing and analyzing above table ,ratio of the year 2015 is in good position as compare to 2014

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CHARTS FOR TREND ANALYSIS of BHARAT PETROLEUM CORPORATION FOR YEAR 2014-15

100

108.31

99.16

90

95

100

105

110

MAR,13 MAR,14 MAR,15

NET SALES

100.00%122.70%

135.03%

0.00%

50.00%

100.00%

150.00%

mar,13 mar,14 mar,15

PBDIT

100.00%147.41%

183.75%

0.00%

100.00%

200.00%

mar,13 mar,14 mar,15

Profit Before Tax

100.00%153.65%

192.38%

0.00%

100.00%

200.00%

300.00%

mar,13 mar,14 mar,15

Reported Net Profit

100.00%121.18%

156.54%

0.00%

50.00%

100.00%

150.00%

200.00%

mar,13 mar,14 mar,15

Gross Profit

100.00%304.26%

992.84%

0.00%

500.00%

1000.00%

1500.00%

mar,13 mar,14 mar,15

Cost of goods sold

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100.00%84.83%

49.97%

0.00%

50.00%

100.00%

150.00%

mar,13 mar,14 mar,15

Total Debt

100.00% 98.13%

85.18%

70.00%

80.00%

90.00%

100.00%

110.00%

mar,13 mar,14 mar,15

Total Liabilities

100.00% 114.07% 121.72%

0.00%

50.00%

100.00%

150.00%

mar,13 mar,14 mar,15

Net Block

100.00% 118.78%85.87%

0.00%

100.00%

200.00%

mar,13 MAR,14 MAR,15

lnvestments

100.00%61.19%

-68.17%

-100.00%

0.00%

100.00%

200.00%

MAR,13 MAR,14 MAR,15

Net Current Assets

100.00% 98.13%

85.18%

70.00%

80.00%

90.00%

100.00%

110.00%

mar,13 mar,14 mar,15

Total Assets

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Interpretation of Trend Analysis

Components( base year 2013) MAR,14 MAR,15 Which year is better

Net Sales Upward trend Downward Trend

2014

COGS Upward trend Upward Trend 2015

Gross Profit Upward Trend Upward Trend 2015

PBDIT Upward Trend Upward Trend 2015

PBT Upward Trend Upward Trend 2015

Net Profit(PAT) Upward Trend Upward Trend 2015

Total Debt Downward Trend

Downward Trend

2015

Total Liabilities Downward Trend

Downward Trend

2015

Net Block Downward Trend

Downward Trend

2014

Investment Upward Trend Downward Trend

2014

Net Current Asset Downward Trend

Downward Trend

2014

Total Asset Downward Trend

Downward Trend

2014

By comparing and analyzing above table, 2014 having upward trend in more components as compare to 2015. So, performance of is 2014 is better than 2015.