Sungold Capital Key Ratios

Dupont Analysis

Metric	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015
ROE	0.11%	0.16%	0.32%	0.36%	1.84%
PAT margin	31.38%	6.51%	6.42%	1.60%	4.31%
Asset Turnover	0.02x	0.08x	0.05x	0.05x	0.05x
Leverage	1.49x	1.26x	1.10x	1.05x	1.16x

Metric	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015
Inventory Days	1401.7	0.0	0.0	0.0	0.0
Receivable Days	0.0	1491.9	1273.5	727.3	1183.4
Payable Days	0.0	11.4	0.0	0.0	0.0
Cash Conversion Cycle	1401.7	1480.5	1273.5	727.3	1183.4

Metric	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015
ROE	0.11%	0.16%	0.32%	0.36%	1.84%
ROCE	0.13%	0.19%	0.46%	0.50%	1.93%
ROA	0.07%	0.13%	0.29%	0.34%	1.60%