A STUDY ON RATIO ANALYSIS OF HERO MOTOCORP WITH REFRENCE TO SATYOM HERO
1.1 MOTORCYCLE INDUSTRIES:
The first commercial design for a self-propelled bicycle was a three-
wheel design called the Butler Petrol Cycle, conceived of Edward
Butler in England in 188! "e e#hibited his plans for the vehicle at the
$tanley Cycle $how in %ondon in 188! The vehicle was built by
the merry weather &ire Engine Company in 'reenwich, in 1888!
The Butler Petrol Cycle was a three-wheeled vehicle, with the rear wheel
directly driven by a
(
)
8
hp *++,- +.. cc *. in
/
0 123(-inch 4(53115-
mm6- flat twin four stro7e engine *with magneto ignition replaced by coil
and battery- e8uipped with rotary valves and a float-fed carburettor *five
years before 9aybach- and :c7ermann steering, all of which were state
of the art at the time! $tarting was by compressed air! The engine was
li8uid-cooled, with a radiator over the rear driving wheel! $peed was
controlled by means of a throttle valve lever! ;o bra7ing system was
fitted0 the vehicle was stopped by raising and lowering the rear driving
wheel using a foot-operated lever0 the weight of the machine was then
borne by two small castor wheels! The driver was seated between the
front wheels! aimler Reitwagen! aimler and ,ilhelm 9aybach in Bad Cannstatt,
'ermany in 188(! This vehicle was unli7e either the safety bicycles or
the bonesha7er bicycles of the era in that it had ?ero degrees of steering
a#is angle and no for7 offset, and thus did not use the principles
of bicycle and motorcycle dynamics developed nearly 5. years earlier!
efence :dvanced Aesearch
ProIects :gency will have a hybrid diesel)electric engine! , already has many of the cycle features on its commercially
available Aedshift! The Aedshift is a fully electric motorcycle with a top
speed of 8. mph and a range of about 1 hours and costs about L1(,...!
7
A STUDY ON RATIO ANALYSIS OF HERO MOTOCORP WITH REFRENCE TO SATYOM HERO
:ir Powered ,ith ;o $ails
Concept bi7es are universally cool but often do not ma7e it to mass
production! Trying to repair a concept vehicle, let alone finding
ine#pensive motorcycle parts online, can be 8uite the tas7! That is why
the air powered motorcycle designed by Edwin Conan may be relegated
to the cool but impractical file! The machine, 7nown as the 'reen $peed
:ir Powered 9otorcycle, is the epitome of green technology as it is
powered by compressed air! The idea is to have solar panels that can
generate the energy to compress the ambient air and store it in
fiberglass tan7s! The top speed is only limited by the pressure capacity
of the tan7!
&ood to fuel
,here an air powered bi7e may not see the light of day, bio-fueled
motorcycles most certainly will! Biologically created fuels li7e ethanol
and butanol will either supplement or substitute for fossil fuels! Ene of
the concerns with bio-fuels is the speed that the combustion energy is
released! Ethanol and butanol give off a lower amount of energy
compared to gasoline! They also re8uire more air inta7e to run efficiently
and can give off increased amount of nitrous compounds with
concentrations over 1. percent!
,ater Power
"ydrogen cells use catalysed anodes to liberate an electron from the
hydrogen atom! This free electron is used to power an electric motor and
the ioni?ed atom reacts with o#ygen to form water! "ydrogen cells have
become a hot topic for green car manufacturers! Aecently California
committed to doubling its hydrogen refuelling stations! Aesearchers are
8
A STUDY ON RATIO ANALYSIS OF HERO MOTOCORP WITH REFRENCE TO SATYOM HERO
now loo7ing at this technology for motorcycles! ebtors turnover Aatio
• Creditor turnover Aatio
• Cash turnover Aatio
• ,or7ing capital turnover Aatio
• &i#ed :ssets turnover Aatio
• Current :ssets turnover Aatio
• Total :ssets Turnover Aatio
• $ales to net worth Aatio
Pr#$i)a"ili)+ Ra)i#&H
• 'ross profit Aatio
• ;et profit Aatio
• Eperating Cost Aatio
• Eperating Profit Aatio
• Total :ssets Aatio
• Aeturn on E8uity Aatio!
SHORT TERM SOLVENCY OR LI3UIDITY RATIOS:
There are the ratios, which measures the short-term solvency or
financial position of the firm! These Aatios are calculated to comment
upon the short-term paying capacity of a concern or the firmPs ability to
meet its current obligations!
The different types of solvency Aatios are
11
A STUDY ON RATIO ANALYSIS OF HERO MOTOCORP WITH REFRENCE TO SATYOM HERO
• Current Aatio
• Quic7 Aatio
• ebt
Both these methods are in practice but the interpretation of each
re8uires a great deal of caution! The fundamental obIective of it is to
measure the relative interest of owners and creditors in the enterprise! >elu#e, "ero "onda motorcycle 'lamour, "ero "onda
motorcycle :chiever and "ero "onda $cooter Pleasure!
• 1..5V;ew 9odels of "ero "onda motorcycle $plendor ;X',
;ew 9odels of "ero "onda motorcycle C> >elu#e, ;ew 9odels of
"ero "onda motorcycle Passion Plus and "ero "onda motorcycle
"un7 launched!
• 1..8V;ew 9odels of "ero "onda motorcycles Pleasure, CBW
Xtreme, 'lamour, 'lamour &i and "ero "onda motorcycle Passion
Pro launched!
• 1..BV;ew 9odels of "ero "onda motorcycle Kari?maHKari?ma D
W9A and limited edition of "ero "onda motorcycle "un7 launched
38
A STUDY ON RATIO ANALYSIS OF HERO MOTOCORP WITH REFRENCE TO SATYOM HERO
• 1.1.V;ew 9odels of "ero "onda motorcycle $plendor Pro
and 'ew "ero "onda motorcycle "un7 and 'ew "ero "onda
9otorcycle $uper $plendor launched!
• 1.11V;ew 9odels of "ero "onda motorcycles 'lamour, 'lamour
&irector
'en! *Aetd!- O! P! 9ali7 >irector
9r! :nalIit $ingh >irector
>r! Pritam $ingh >irector
9r! 9! >amodaran >irector
9r! Aavinath >irector
>r! :nand C!Burman >irector
Dr. ;riC!#ha' Lall M'Cal
9r! 9unIal is the founder >irector and Chairman of
the Company and the L/!1 billion "ero 'roup! "e is the Past
President of Confederation of
1.1 MOTORCYCLE INDUSTRIES:
The first commercial design for a self-propelled bicycle was a three-
wheel design called the Butler Petrol Cycle, conceived of Edward
Butler in England in 188! "e e#hibited his plans for the vehicle at the
$tanley Cycle $how in %ondon in 188! The vehicle was built by
the merry weather &ire Engine Company in 'reenwich, in 1888!
The Butler Petrol Cycle was a three-wheeled vehicle, with the rear wheel
directly driven by a
(
)
8
hp *++,- +.. cc *. in
/
0 123(-inch 4(53115-
mm6- flat twin four stro7e engine *with magneto ignition replaced by coil
and battery- e8uipped with rotary valves and a float-fed carburettor *five
years before 9aybach- and :c7ermann steering, all of which were state
of the art at the time! $tarting was by compressed air! The engine was
li8uid-cooled, with a radiator over the rear driving wheel! $peed was
controlled by means of a throttle valve lever! ;o bra7ing system was
fitted0 the vehicle was stopped by raising and lowering the rear driving
wheel using a foot-operated lever0 the weight of the machine was then
borne by two small castor wheels! The driver was seated between the
front wheels! aimler Reitwagen! aimler and ,ilhelm 9aybach in Bad Cannstatt,
'ermany in 188(! This vehicle was unli7e either the safety bicycles or
the bonesha7er bicycles of the era in that it had ?ero degrees of steering
a#is angle and no for7 offset, and thus did not use the principles
of bicycle and motorcycle dynamics developed nearly 5. years earlier!
efence :dvanced Aesearch
ProIects :gency will have a hybrid diesel)electric engine! , already has many of the cycle features on its commercially
available Aedshift! The Aedshift is a fully electric motorcycle with a top
speed of 8. mph and a range of about 1 hours and costs about L1(,...!
7
A STUDY ON RATIO ANALYSIS OF HERO MOTOCORP WITH REFRENCE TO SATYOM HERO
:ir Powered ,ith ;o $ails
Concept bi7es are universally cool but often do not ma7e it to mass
production! Trying to repair a concept vehicle, let alone finding
ine#pensive motorcycle parts online, can be 8uite the tas7! That is why
the air powered motorcycle designed by Edwin Conan may be relegated
to the cool but impractical file! The machine, 7nown as the 'reen $peed
:ir Powered 9otorcycle, is the epitome of green technology as it is
powered by compressed air! The idea is to have solar panels that can
generate the energy to compress the ambient air and store it in
fiberglass tan7s! The top speed is only limited by the pressure capacity
of the tan7!
&ood to fuel
,here an air powered bi7e may not see the light of day, bio-fueled
motorcycles most certainly will! Biologically created fuels li7e ethanol
and butanol will either supplement or substitute for fossil fuels! Ene of
the concerns with bio-fuels is the speed that the combustion energy is
released! Ethanol and butanol give off a lower amount of energy
compared to gasoline! They also re8uire more air inta7e to run efficiently
and can give off increased amount of nitrous compounds with
concentrations over 1. percent!
,ater Power
"ydrogen cells use catalysed anodes to liberate an electron from the
hydrogen atom! This free electron is used to power an electric motor and
the ioni?ed atom reacts with o#ygen to form water! "ydrogen cells have
become a hot topic for green car manufacturers! Aecently California
committed to doubling its hydrogen refuelling stations! Aesearchers are
8
A STUDY ON RATIO ANALYSIS OF HERO MOTOCORP WITH REFRENCE TO SATYOM HERO
now loo7ing at this technology for motorcycles! ebtors turnover Aatio
• Creditor turnover Aatio
• Cash turnover Aatio
• ,or7ing capital turnover Aatio
• &i#ed :ssets turnover Aatio
• Current :ssets turnover Aatio
• Total :ssets Turnover Aatio
• $ales to net worth Aatio
Pr#$i)a"ili)+ Ra)i#&H
• 'ross profit Aatio
• ;et profit Aatio
• Eperating Cost Aatio
• Eperating Profit Aatio
• Total :ssets Aatio
• Aeturn on E8uity Aatio!
SHORT TERM SOLVENCY OR LI3UIDITY RATIOS:
There are the ratios, which measures the short-term solvency or
financial position of the firm! These Aatios are calculated to comment
upon the short-term paying capacity of a concern or the firmPs ability to
meet its current obligations!
The different types of solvency Aatios are
11
A STUDY ON RATIO ANALYSIS OF HERO MOTOCORP WITH REFRENCE TO SATYOM HERO
• Current Aatio
• Quic7 Aatio
• ebt
Both these methods are in practice but the interpretation of each
re8uires a great deal of caution! The fundamental obIective of it is to
measure the relative interest of owners and creditors in the enterprise! >elu#e, "ero "onda motorcycle 'lamour, "ero "onda
motorcycle :chiever and "ero "onda $cooter Pleasure!
• 1..5V;ew 9odels of "ero "onda motorcycle $plendor ;X',
;ew 9odels of "ero "onda motorcycle C> >elu#e, ;ew 9odels of
"ero "onda motorcycle Passion Plus and "ero "onda motorcycle
"un7 launched!
• 1..8V;ew 9odels of "ero "onda motorcycles Pleasure, CBW
Xtreme, 'lamour, 'lamour &i and "ero "onda motorcycle Passion
Pro launched!
• 1..BV;ew 9odels of "ero "onda motorcycle Kari?maHKari?ma D
W9A and limited edition of "ero "onda motorcycle "un7 launched
38
A STUDY ON RATIO ANALYSIS OF HERO MOTOCORP WITH REFRENCE TO SATYOM HERO
• 1.1.V;ew 9odels of "ero "onda motorcycle $plendor Pro
and 'ew "ero "onda motorcycle "un7 and 'ew "ero "onda
9otorcycle $uper $plendor launched!
• 1.11V;ew 9odels of "ero "onda motorcycles 'lamour, 'lamour
&irector
'en! *Aetd!- O! P! 9ali7 >irector
9r! :nalIit $ingh >irector
>r! Pritam $ingh >irector
9r! 9! >amodaran >irector
9r! Aavinath >irector
>r! :nand C!Burman >irector
Dr. ;riC!#ha' Lall M'Cal
9r! 9unIal is the founder >irector and Chairman of
the Company and the L/!1 billion "ero 'roup! "e is the Past
President of Confederation of