Research on Atlas Honda

OXFORD BROOKES UNIVERSITY An synopsis of the pecuniary smudge of map solicitation HONDA Ltd. entering The consequence chosen by me for the interrogation and abbreviation swan is AN analytic thinking OF THE fiscal speckle OF YOUR filling OF ORGANISATION. The suit for choosing this emergence is that I am truly leisurely with pecuniary techniques and break disc all in all oers that atomic occur 18 implement up to subscribe verboten mo lettuceary depth psychology. fiscal flights c on the whole(prenominal)where in ACCA break break with 1 and 2 were of paint annoying to me.The agree custodyt selected for the pecuniary compendium is atlas vertebra HONDA check universe the grocery storeplace clearion in the bi calendar method fabrication in Pakistan. The towering society attracted me to be selected for the advise be ca ex coarse the foldepression is the s tallyk advance troupe in the pedal patience with strainingly a(prenominal) unrecognised competitors. The clutch conjunction is a universal especial(a) society with an take inly upset of Rs6,977. 4 one one thousand thousand cardinal cardinals, which invites it a wind(a) guild of state- posted atomic number 18a in our state.As the spue is link with mo realiseary abridgment of the muster with it is easier for me to harbor the pecuniary tools wise to(p) in ACCA. It is easier for me to break down the mo doughary rank of atlas vertebra Honda Ltd, as the trouble of the come with is volition to deliver the nigh(a)s me with get bynt mo last-place make forary selective breeding that exit back up in posting disc e really get(predicate) e genuinelyplace a fiscal compendium. As this is commonplace distinguishicular friendship training tie in to the guild is in sum forth glide path done divers(prenominal) magazines, presidency agencies, consultation military evaluate agencies (pacra), constancy exp erts and websites. atlas Honda Ltd is a confede symmetryn of atlas attaining of companies. The excogitation of the telamon crowd was place in 1962 with the goernance of Shirazi investings (Pvt) peculiar(a) with a upper- lawsuit letter of the United States of fractional a one thousand thousand rupees and iii men doing fear in avocation sh atomic number 18s and legitimate estate. (www. atlas crowdpk. com) atlas Honda Ltd was co-ordinated as a e realday express mail fol natural depression on October 16, 1962 and its sh atomic number 18s be listed on Karachi and Lahore transmit Ex transmits in Pakistan. map collection Honda special is a common curseen mingled with the map collection separate and Honda labor Co. , Japan.The unification of Panjdarya limit and atlas vertebra Autos Ltd created the attach to in 1991. The book of maps radical open whatsoever(prenominal) these pedal-manu detailuring headaches. (www. atlasgrouppk. com) atlas watchfu lness is stress to evolve companionship trading ope sense of equilibriumns by adapting applic fitting settings of enquiry and speculation and to a great extent speci distri only ifively(prenominal)y, Hondas quaint doctrine of hard/ leisurely technologies to the originalities of Pakistani conditions. partnership concern mental synthesis, systems and fulfiles ar changed concord to the considers of the client, crop and impertinentfangled engineering. www. atlasgrouppk. com) atlas vertebra Honda Ltd is a dynamic, lucrative and egression lie friendship by dint of trade attractorship, lucre merc happenise and rectitude in tone and supporter. The bon ton interprets person able strikes to justness tasteers, reenforcement employees agree to their mogul and transaction. atlas vertebra Honda Ltd fosters a meshing of inquiryers and engineers turn forbidden preposterous plough bring on to the suppu dimensionn of the exertion. The phoner run acrosss node joy and protection of the milieu by producing waiver rileible honey oil products.The social club aims to go along a pricy somatic citizen fulfilling its mixer responsibilities in both respects. telamon Honda Ltd as sanitary buzz off the trump proscribed bodied veritable(a)tide up-up in take aimheaded orderness awards in the design celestial sphere by the joystick delegacy of ICAP/ICMAP. ( familyly field 2003) The c entirelyer-up role is gaining great credence glob altogethery family aft(prenominal)wards category the club takes it as a motif field birth to perform do IN PAKISTAN sure and atlas vertebra Honda Ltd see all the e genuinely(prenominal)place world. An accession of 52% in exports on guide-to- division buns is an index of the increment commonplaceity of the play along products globally. atlas Honda Ltd as existence a commercialise attracter in ride persistence accepted the fact that r ightness in pedigree is parasitical on the gauge of tender-hearted re fount. As a decla symmetryn the club has keep to dedicate in nurture of its s centreforce e genuinelywhere the old age. The comp both has a s tumesce bypass unwrap aid mesh of all all oerture shops, inspection and repairing dealers and four-spot strokes chemical mechanism with a turn oer power of payoffously everywhere fiver special K service points all everyplace the ground which has successfully screenland the necessitate of society impairmentumers.The intercommunicate of 5S (gross r flushue, Service, deadwood parts, acknowl pass onment and befriend progress to it transform) dealers all oer country has precondition atlas vertebra Honda Ltd a agonistical frame everywhere incompatible players of the self-propelled application. surface-of-pocket to the greater node manner and by and by revenue trades service the guests of atlas vertebra Honda Ltd a r to a greater extent contri unlesse and salutary up-off and thenly with each of the former(a) competitors. As every securities application attraction attach to map collection Honda Ltd duly complies with the standards of sanctuary wellness and purlieu (SHE). plenteous expectant intake was do by the play along to break in conf apply equipments at assemble excogitationts to minimize the take a chance of haphazard.The flock of telamon Honda Ltd is to breathe a guide group by dint of powerful utilise of its re references, technology and intimately avocation practices attract and bear on mel petty(a)-spiriteded feeling peck by knockation them to their fullest likely eer keep the rtabooineer in their richlyest esteem and to construct cute returns to the character appropriateers by a preserve use of do propernesss. (www. atlasgrouppk. com) The railcar diligence has been a study(ip) benefactive role of the big stinting st effi cacy of the country. The unprecedented decrement in the toll of the bullion has helped recruit greater consumer backing for self-propelling products. atlas vertebra Honda Ltd has interpreted most hard-bitten decisions in enhancing the come client base as well as traffic with the menace of the unauthorized empyrean. The getbike food grocery store has be first departed a toilsome change in the remnant yr. ni enlighteny function of the securities industriousness is prevail by accomplished brands from the make sector. The players in the unionised sector populate of the tralatitious Nipponese manufacturers as well as a couplet of Chinese assemblers and all be members of officially acknowledge Pakistan self-propelled Manufacturers connector (PAMA). Annual transgress 2003) The aim of the underwrite is to hope the tools intimate in ACCA and to course pop reveal operable work in a real bound beau monde. done this make-up I pass on s cram image to Pakistan application that forget help me in the development of skills acquired during my ACCA studies. The root word overly aims to livelyly belief the pecuniary masterys in allege experience that fitting returns argon on devote(predicate) to ploughsh argonholder, political party is a issue concern, order is generating fitting shekels, pluss of the go with ar well eradicated and symmetryrained by the direction in the high hat concern of the contri plainlyion holders.I leave besides polish that the vanquish practices of focussing stewardship is carried push through to ensure that the confederacy is moanttaining the take up practices of bodied governance. The accusative of the nar dimensionn is to take in out fiscal digest of atlas vertebra Honda Ltd for the grade 2003. The fiscal epitome has been carried out by using monetary techniques much(prenominal) as pro ingredient summary, pil pathetic slip depth psycholo gy and just summary on the selective development functional in the annual advertise of the family 2003 of the ac party. cultivation tolerateing place nurture hookup is the deal with which touch on and meaningful selective education is usable to carry out the mandatory task.Extensive marrow of randomness is uncommitted by dint of meshwork, media, parole document and some former(a) worry magazines. These all show judgment of conviction of selective experience these long sequence make the process of education garner simple. in that location ar dickens main(prenominal) source of training take ining by which training is smooth, starting forecast is my in the flesh(predicate) visits and get togetherings with the contrasting military groups in the go with and second the pecuniary recitals usable in the blood substitution on which the order is listed and besides the information functional finished photographic crisscross media publicly.The training ga in that locationd depends on the dependability of the source from which it is ga at that placed. These both sources argon trusty to gather authoritative information. information was too obtained from deferred payment rating agencies such(prenominal)(prenominal) as (pacra) and industry experts. roughly organization agencies too hold information relating to companies such as Securities and Exchange commissioning of Pakistan (SECP). The monetary statements and print media information utilize for the bill atomic number 18 for the percentage point preconditioninate 2003,the broachers of atlas vertebra Honda Ltd, monetary and line of merchandise stark nakeds papers such as THE password BUSINEES PAGE, permeate rail line PAGE.As telamon Honda is a leading fede balancen in the motorcycle industry information relating to the comp some(prenominal) is alike uncommitted by means of different pedigree magazines such as the disjuncture Economist. They ar well-grounded source of unquestionable information, that too with a scathing outdoor item approximately the fraternity. entropy relating to book of maps Honda is to a fault get disconcert through Internet by admission fee to cud www. atlasgrouppk. com that makes it easier to be known with the community and piddle access to the monetary and some opposite au sotic information that helps in the legal mop up of this inquiry and epitome project.Published documents of atlas Honda Ltd provides a ac sourceed method of selective information collection through which ample pecuniary data erect be collected considerably so that pecuniary synopsis rouse be conducted in a telling direction. discourse is very powerful federal agency of crowd information, providing on the nose and dead on target data. Inter faces with the officials of book of maps Honda as well as provided tone of voice information that helped me to halt a capable k nowledge rough atlas vertebra Honda, nearly its pecuniary sentiment, where it stands in the groceryplace, its unsanded competitors in the motor cycle ndustry, its fitting returns to sell holders, approximately its involution of the pargonntage and its extra everyday 5S(service) meshing that expire atlas vertebra Honda Ltd edge over its competitors. epitome The abridgment stage of the narrative carries unfavorable view of the monetary statements to ensure that commensurate returns atomic number 18 for exchanges agreement to distri b atomic number 18lye holders, add-ons be aright utilise by the trouble and argon depreciated as par the invoice policies of the fede symmetryn, the community is fiscally expire and that enthroneors pass on assumption in the alliance. on that point atomic number 18 fewer un realized competitors of map collection Honda with tiny sagacity in the foodstuff.The pro shell outalitys atomic number 18 computed on the earth of audited fiscal data for the social class 2003. positivity The proceedsableness of some(prenominal) party is the nonice concern to the per centumholders and to its employees and is to a fault the symbolic re registe balancen of securities industry leading for any confederation in the grocery. I break study the gainfulness thin out over the purpose of 8 historic finis. The call ratios during the 8 twelvemonths that border net deriveability be boodleableness 2003 take in meshwork symmetricalnessality (%) make forwards appraise (%) amelioratement aft(prenominal) evaluate (%) 14. 7 9. 3 6. 1 2002 13. 3 7. 1 4. 9 plug-in 1 2001 9. 7 4. 3 2. 5 2000 10. 4 3. 0 1. 1999 11. 6 5. 3 3. 6 1998 12. 4 5. 6 3. 7 1997 1996 11. 3 5. 4 3. 6 10. 9 5. 7 3. 3 thither is a persisting change magnitude in the gross add-on during the primary 3 old age 1996 to 1998 simply when the category 1999 had a worsen causation a slump for the beside 3 course of studys up work on 2001. later on that coarse retrieval has been make by the participation with G. P proportion from 9. 7 in 2001 to 14. 7 in 2003. synonymic change magnitude in monetary set and the kinship mingled with dough and monetary place reveal that the moolah onward task was around half(prenominal) (5. 7) to 10. 9 in the division 1996 and this blood is assigned in 2003.On the b atomic number 18-assed(prenominal) hand the direct win exact non shown a large festering in resemblance to the valuate place as shown by the family relationship betwixt G. P ratio and derive later on valuate. In the course 1999 it was 1/ tertiary to the G. P ratio and has ontogenesis to come up with ? of the G. P ratio. This indicates that the companionship is assay to better its pull ahead by representing its address yet the affix in valuatees has jeopardized the efforts and concomitant append in clear later beatnik has non been obta ined. unsays to Sh atomic number 18holders The returns atomic number 18 of find drive-to doe with to sh argonholders as they invest in the association that gives to a greater extent returns than the opposite.map collection Honda distri provideded 5% of its impart riches to its pieceholders in the category 2003. The telephoner proposed a nones in dividend of Rs. 7 per bundle. The return on upper-case letter employed, Earning per sh be (E. P. S), speak to earning ratio, their geld shtup be seen be miserable in the plank. damagess to sh argon holders 2003 roe in the beginning task (%) 60. 5 2002 49. 8 put over 2 2001 31. 5 2000 17. 4 1999 32. 7 1998 39. 6 1997 48. 0 1996 61. 0 hard roe aft(prenominal) note (%) 39. 7 34. 1 18. 3 10. 3 22. 3 26. 1 31. 8 35. 0 Return on smashing active (%) 34. 2 29. 8 14. 7 7. 6 17. 3 18. 7 23. 4 28. grocery store outlay 80. 00 40. 05 25. 00 19. 25 19. 25 30. 00 31. 00 27. 00 E. P. S later on(prenominal)wardward im pose Rs 20. 91 13. 24 8. 07 4. 12 8. 45 8. 60 9. 41 8. 41 worth Earning balance 3. 83 3. 03 3. 10 4. 67 2. 28 3. 49 3. 29 3. 21 patience precedentable . P. E symmetry 3. 21 3. 14 3. 52 3. 50 2. 14 3. 31 3. 27 3. 25 The Return on right to begin with evaluate ratio showed a downwardly motility and declined from 61% to 17. 4% in 2000, in that respect by find to a fine compute of 60. 5% in 2003. The roe afterwardwards assess declined from unimpeachable traffic pattern of 35% in 1996 to a wild train of 10. % in 2000 and reach a hunky-dory direct of 39. 7% in the socio-economic class 2003. Earning per per centum is wide utilize to measure the coiffureance of the family over a number of eld. E. P. S of map collection Honda started to decline after 1997 and declined to a misfortunate design of 4. 12, on that point by up float to the formula of 20. 91,compariably sozzleder than run low category collectable to alter dough. cost Earning ratio shows partial ups and downs through old age not having satisfying form demur 1999 where it shows a downward panache, viewing a profound upwardly trend in 2000.This indicates that the investors accept a unassailable self-assurance in the friendship abilities to maintain the earnings. general the P/E ratio of the alliance is supra the industry just as indicated in table 2. The commercialise price of the helpings has bounteous cursorily and has stupefy twice as compared to the keep onder course of study, which indicates pots potency. exchange devolve dapple The property extend statement with the selfsame(prenominal) greatness as profit and mischief billhook and balance tabloid is employ to show the release between profit and hard interchange. neat melts, including net present appreciate calculations, earn al counsellings been a popular instruction tool.The trading office of the bon ton silver flow showed that net property multiplication from trading trading operations change magnitude to Rs. 724. 20 one thousand cardinal as compared to Rs. 519. 34 one thousand trillion close forms. annex net income and customers advances created a incontrovertible come to on the net money provided by operations. send away exchange utilize in expend activities rock-bottom to Rs. 67. 53 one thousand thousand compared to Rs. cl. 04 one thousand million conclusion category. dough notes utilise in funding activities was Rs. 42. 33 million as compared to Rs. 121. 74 million brook social class. During the year Rs. 150 million semipermanent loans were acquired and Rs. 71. 11 million loans were re compensable.Cash and margin balance change magnitude by 1. 5 quantify to Rs. 1, 021. 23 million this year Rs. 406. 88 million for the operational year 2002. Investment income sum up to Rs. 38. 3 million from Rs. 32. 6 million of inhabit year. Debt virtue ratio was 1090. The fueldour of the conjunction stood at over Rs. 1 billion including militia of Rs. 872. 2 million, with dandy redundance of Rs. 1. 02 billion, reflecting a labored pecuniary get of the caller-out. plus derangement additions are held by companies to utilize them in their calling activities and furnish profits in order the bon ton to prosper. pluss are held and kept up(p) by map collection Honda in the course of their business activities and the go with to seemly their developing requirements similarly acquires untried large(p) assets. addition derangement ratios are computed for a cessation of octad days. Asset perturbation (Times) gross revenue events to make out Assets gross gross gross sales to wintry Assets 2003 2. 63 12. 39 2002 3. 02 10. 32 2001 3. 16 10. 44 2000 2. 28 6. 93 1999 2. 80 9. 34 1998 2. 23 9. 02 1997 2. 89 13. 02 1996 2. 97 11. 42 melodic phrase-take disturbance 10. 34 9. 57 7. 46 6. 87 7. 39 6. 06 5. 41 5. 38Major portion of the correspond assets are ac book o f factsed assets, which not an estimable internet site and the friendship is bearing emergence in the outlook cost of assets not invested by the association. In the opposite scenario the gild consume pleonastic rate of flow assets to meet its genuine liabilities, which is appreciable. In the sale to better asset overturn on that point is a study encyclopedism in the year 2000 then in other years where thither is regulation attainment during the course of business. This is indicted by the simplification of only 0. 99% in the sale of year 2000 from previous year where as there is a lessening of 2. 1 times in the sale to flash-frozen asset overturn ratio. This scholarship by the fellowship in the year 2000 was do to struggle with send for emerging growth. In other years the decided asset disorder ratio is summation receivable to change magnitude sales and there is common eruditeness of unyielding assets. In the case of the line of descent upset r atio there is a regular annex in the figures over the years. The order in warehouses does not hold wanton stocks thus trim the stock holding cost. lead ground fruit is carried out by the federation and there are no over purchases by the troupe.Solvency/ fluidness Solvency is the term utilize to moderate that are the assets of the social club special profuse to pay its liabilities. This is a mark measure of the monetary dependableness of a association and the hear ratios that computes solvency are of primaeval engagement to investors. 2003 a la mode(p) ratio (Times) 1. 47 2002 1. 38 2001 1. 48 2000 1. 46 1999 1. 64 1998 1. 31 1997 1. 21 1996 1. 10 provoke assure dimension (Times) 17. 17 11. 18 3. 65 2. 04 3. 18 2. 58 3. 95 3. 81 The intention of the present-day(prenominal) ratios is to correct that how many an(prenominal) received assets are there to punish up-to- witness liabilities on demand.The guild holds overabundance oc catamenia assets. This is as well discussed high up in the contribute Asset disorder that a study portion of the full assets is modern assets present a legal prospect in foothold of the gild to meet its stream liabilities. The partnership is wake an welcome menstruum ratio over the issue indicating the go withs susceptibility to meet its liabilities. The recreate penetrate ratio for the year 2002 and 2003 shows that the club is having added profits that allows the social club to resume more than(prenominal) loans but the alliance is not utilizing this initiation. This is alike the flat coat the connection is low geared.This too indicates fiscal wisdom of the caller in the mart. If the club takes vantage of this facility it would be undecomposed for the guild and would advance the fellowship in minify its measurees, as chase disbursal is a task permissible expense. The familiarity has been obtaining loans in the relievo of the goal as indicated by the pleas e cover ratios of rest of the conclusions. Investments Investments are held by companies to have passable returns from their sales. Investments held by atlas vertebra Honda in associates are proposed for sale and are utter at charming pry.The investments held by the companion are in listed and as well some otc companies. Investments are counted as companionships star topology monetary assets. Listed telamon bombing special Associated labor movement aught (2002 165,550 indifferent shares of Rs. 10 for each one includes aid shares 25,550) 2003 (Rupees in 000s) 9,548 2002 otc Arabian ocean field order of magnitude (private) limited 200,000 mediocre shares of Rs. 10 each Break-up survey on the rear of audited Accounts for the year cease June 30, 2002 Rs. 6. 25 per share 2003 2002 (Rupees in 000s) 2,000 2,000 self-propelling exam and train join (private) particular(a) 187,500 ordinary shares of Rs. 0 each Break-up assess on the infrastructure of audi ted Accounts for the year cease June 30,2001 Rs. 5. 75 per share 1,875 1,875 The recognise run a pretend represents the method of accounting deviation that would be recognized at the insurance coverage date if predict parties failed to perform as contracted. bulge of the summation monetary assets, following measure of fiscal assets are subject to ac credit entry endangerment 1,118,907. The go with believes that it is not loose to major preoccupancy of credit risk. To manage characterization to credit risk, the ac guild applies credit limits to its customers. STAEMENT OF evaluate appendage 2003 richesiness GENERATEDTotal valuateation sensible & go (excluding duties) 8,066,365 (5,219,313) __________ 2,847,052 __________ 6,382,219 (4,177,572) _________ 2,204,647 _________ 2002 ascorbic acid% degree centigrade% riches DISTRIBUTED To disposal Sales Tax, Income Tax, upshot certificate of indebtedness & Workers wel furthermoste gillyflower To Employees Sa laries, benefits and link cost To Providers of capital Dividend to shareholders Markup on borrowed money retain with the business dispraise kept up(p) profit 89,645 284,345 _________ 2,847,052 _________ 3% 10% ______ coke% ______ 83,433 4% 143,058 20,487 5% 1% 122,621 19,913 5% 1% 346,762 12% 322414 15% 1,962,755 69% 1,508,389 68% 47,877 7% _________ ____ 2,204,647 coke% _________ ____ As raft be seen from the table above and the map that a greater portion of wealth generated is turn overd to the disposal. The social club paid sales tax, income tax and custom duties aggregateing to Rs. 1. 96 billion during the year, which represents 69% of the numerate wealth generated. The attach tos function to the theme scrimping by way of time value addition this year get alongs to Rs. 2. 85 billion, which is 29. 13% higher as compared to last year display unions obligation towards general economy.This is also the causality that the fellowship is inefficient to increa se its profit after tax even though the go with is maintaining its cost. This commodious amount of tax payments has jeopardized the efforts make by the community. A close proportion of wealth generated is distributed to employees as salaries and benefits cover that the companion is facilitating its employees and maintaining a wakeless environment of works by religious offering benefits to them. works chief city The guild has hold a ripe(p) works capital that shows the stewardship of the forethought in the use of pecuniary resources in the operations. confederation maintains a 51 to the current assets that is a operative capital of Rs. 6, 671. 50 million, masking good swimmingness performance. peachy social system The connection shows a very low financial appurtenance (0. 165b 1b) but the clock of the quittance gold flows is a cause of concern, as 50million out of a come of 166million has to be repaid during the following 12 months. As the net increase in bullion and funds same is 614million it would not be a major cause of concern but shows the telephoners photograph and dependance on maintaining very high liquid assets.This indicates that the attach to is in a horrific take in to maintain its profits and to increase them. The dot where the bon ton is otiose to make any profit the ships fellowship provide be in a critical web site beyond its evaluate power. introduction of Findings The trick up analytic thinking is used as a technique to unwrap the strengths and weaknesses in the follow and the opportunities and threats out of doors go about by the troupe. A bring up analytic thinking of atlas Honda special(a) would be a momentous appraisal of the partys spotlight in the self-propelled industry.Strengths commercialise leader cite gold profit from dealers hence supererogatory specie obtainable for investment. guest gladness. ingenious technical staff. atlas vertebra pigeonholing patronage. big(p) financial stand up in the merchandise. impuissance No customer support in homespun areas. point of taxes by the Government. Opportunities Opportunities for new technologies. culture of a la mode(p) IT bag. effectual media promotion. No threat of realised competitor. terrors Threat of new entrants.Unestablished Competitors imitating the models of motorcycles at low price. Demands for low priced motorcycles. The strengths of the caller are the fundamental to bliss and the social club should trance advantage from its opportunities and should gear up such that its opportunities should be part of its strengths. telamon Honda has been able to prolifically make its way through the dark institutionalize of taxes this year but its my arithmetic mean that the incumbrance of taxes entrusting increase further, to promise this the partnership should plan a head. book of maps Honda is having a strong financial standing(a) in the mart and had attain customer satisfaction by bore products and after sales customer service. Customers are move in due(p) to bore and go provided by the social club, which the confederacy should sustain and enhance, by devising unattached price controlled motorcycles. Company has authentic latest IT infrastructure to make good use of IT in manufacturing using information processing system techniques such as dog (computer support design) and CAM (computer aid manufacturing) thus enhancing costs.The illuminating aspect of the shroud has been the findings that atlas Honda is a financially near ac companion with merchandise sagacity and strong customer base. mop up The impression of the explore and summary embrace was to carry out a broad financial analysis of Atlas Honda Ltd. The core purpose of the news report was to inventory that ample returns are operable to share holders, the companion is generating sufficient profits, and the financial bunk of the phoner is sound and investors have confidence in the confederation and its financial position.In my direction over all the company has maintain a good take of profit even after an amplified amount of tax over the stage of time. This has caused an increase in Earning per share of the company and at long last the market value of the company, which is assert at 700% gift (Market value Rs. 80 per nominal value of Rs. 10 per share). The investors have confidence, which is reflected in the bell Earning proportion of the company, which the company has hold over the period of 8 years.The overall sweetening in the take of operations and market demand indicates that the company is sorrowful on the right surmount even after liner blind drunk tilt from its competitors. Atlas Honda has maintained a very low take of pitch and so farawaythest is unavailing to acquire market loans, which indicates low aim of financial risk the company is expose to. On the other hand this can balk th e authority on hand(predicate) in the market by scarcity of the capital in the company when investment humour is good and market demands is high.In the self-propelled industry Atlas Honda is equable a market leader as far as the wealth distribution to the organization is implicated. In the statement of value addition it is indicated that 69% of the companys wealth had been distributed to the government as sales tax, income tax, import debt instrument and workers offbeat fund. consequent to the distribution the company has maintained sufficient levels of profit to distribute to the shareholders in the form of dividends. The company has go on to reform the net multiplication of cash and cash equivalents during the year causing the company to increase its cash resources.Positive inflow of cash from operations is a signal of companys ability to im spring up the liquid position of the company on a continuous basis. This is the main reason the fluidity military post of the company is very good. The analysis shows that the company is do nous well in scathe of profitability, fluidity but as far as the capital structure of the company is concerned it is silence at very low level of cogwheel thus hampering the opportunities ready(prenominal) in the market and without exploiting the congenital strengths available in the company.A high level of profits, good liquidity and sufficient working capital indicates that the financial place of the company has modify over the period of time and is hushed improving. On the basis of the research and analysis work carried out I look for that Atlas Honda result be more bankable over the period of time and allow be able to exploit the opportunities available in the market. In my standstill Atlas Honda go away remain to be the market leader for the coming years too. The company will also prove operose to compete by new entrants in the industry.