Ratios

Dupont Analysis

Metric	Mar 2003	Mar 2004	Mar 2005	Mar 2006	Mar 2007
ROE	3.82%	67.99%	106.64%	76.76%	59.26%
PAT margin	15.64%	14.85%	16.66%	10.86%	0.55%
Asset Turnover	2.00x	2.59x	2.39x	2.47x	2.68x
Leverage	3.92x	2.75x	3.06x	2.38x	1.62x

Metric	Mar 2003	Mar 2004	Mar 2005	Mar 2006	Mar 2007
Inventory Days	35.5	31.5	30.9	28.9	29.1
Receivable Days	20.6	8.4	6.6	8.1	8.9
Payable Days	135.4	85.1	63.0	65.3	67.9
Cash Conversion Cycle	-79.2	-45.3	-25.5	-28.2	-29.9

Metric	Mar 2003	Mar 2004	Mar 2005	Mar 2006	Mar 2007
ROE	3.82%	67.99%	106.64%	76.76%	59.26%
ROCE	7.39%	75.39%	122.95%	107.94%	90.72%
ROA	0.97%	24.72%	34.89%	32.21%	36.67%