AC Choksi Share Brokers Private Limited

A C ChoksiShare Brokers Private LimitedA C Choksi Institutional Research |Initiation Report|MINING MOILApril 26, 2011Exhibit 92 -Common Size Balance SheetMOILParticulars FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 E FY 2012 EPeriod Ended 31-Mar-06 31-Mar-07 31-Mar-08 31-Mar-09 31-Mar-10 31-Mar-11 31-Mar-12Sources of FundsShare capital 4% 6% 3% 2% 10% 8% 6%Reserves and surplus 95% 92% 94% 97% 89% 92% 94%Net Worth 99% 98% 98% 99% 99% 99% 100%Minority Interest 0% 0% 0% 0% 0% 0% 0%Loans 0% 0% 0% 0% 0% 0% 0%Deferred tax liabilities 1% 2% 2% 1% 1% 1% 0%Total Liabilities 100% 100% 100% 100% 100% 100% 100%Application of FundsGross Block 41% 40% 38% 26% 21% 19% 19%Less:Depreciation 24% 21% 14% 10% 9% 9% 8%Net block 17% 18% 24% 15% 12% 10% 11%Goodwill 0% 0% 0% 0% 0% 0% 0%Capital work in progress 4% 9% 1% 1% 1% 2% 2%Investment 0% 0% 0% 0% 0% 0% 0%Current assets 98% 93% 104% 108% 103% 102% 99%Sundry debtors 13% 11% 20% 5% 5% 5% 5%Cash and bank balances 61% 69% 76% 92% 88% 89% 88%Other current assets 24% 13% 9% 11% 10% 8% 7%Current liabilities and provisions 19% 20% 29% 24% 16% 15% 13%Net Current assets 79% 73% 75% 83% 87% 88% 87%Total Assets 100% 100% 100% 100% 100% 100% 100%Source: RHP, A C Choksi Institutional Research_____________________________________________________________________________________A C Choksi Institutional Researchresearch@acchoksi.com 59