financial ration analysis of millat tractor limited

7/25/2019 Financial Ration Analysis of Millat Tractor Limited

1/53Qjlh | :


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Prjesmbtthr Chtthr.

J Qrgihkt be rhspgesh tg tfh lbvhe sunihkt.

Gvhrvbhw je` rjtbge jejcysbs go Mbccjt Prjktgr Cbmbth`

Be tfbs rhljr` b vbsbth` Cjfgrh [tgkd Hxkfjelh je` Mbccjt Prjktgrs Cbmbth` !gcchkth` sgmhmjthrbjc "rgm bethreht je` jejc#$h` bt tg prhshet tg #gu gur "be`bels jngut tfh kurrhetstje`bels g" MCP %btf rhsphkt tg bts "bejekbjc pgsbtbge je` fbstgr# g" bts sfjrhs j"thr hjkfkfhkd pgbet %h fjvh jcsg sullhsth` gur gpbebges ge pgbets %fbkf ehh` jtthetbge. &hrh btsehkhssjr# tg mhetbge tfjt %h kgesb`hr MCP js je hetbt# n# btshc".

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Pj!ch Go *gethets.

:. P+J,$M)PP%+ C%PP%+ ................................................................................:

>. J*-,G C%/1M%,P C%PP%+ ....................................................................>

'. )$PG+> G; M)CCJP P+J*PG+...................................................................(Fbstgry..................................................................................................................0

(. M)CCJP Q+G;)C%...............................................................................................0

8. M)$$)G, $PJPM%,P.........................................................................................0

0. ?)$$)G, $PJPM%,P..........................................................................................0

G; M)CCJP P+J*PG+...............................................................2Mjejlmhet.......................................................................................................... 2

9. QG+P;GC)G....................................................................................................... :4Qjrtehrs..............................................................................................................:1

:4. +JP)G J,JC>$)$.............................................................................................. ::Pyphs go ^jtbgs...................................................................................................::

::. C)3X)/)P> +JP)G............................................................................................ ::

:". *X++%,P +JP)G..............................................................................................:"

:'. 3X)*- +JP)G....................................................................................................:'

:(. GQ+JP),1 *J$ ;CG .................................................................................:(

:8. J*P)?)P> +JP)G..............................................................................................:8hkhbvjnch Puregvhr. .........................................................................................:?

Qj#jnch Puregvhr. .............................................................................................. :1

:0. C%?%+J1% +JP)G...........................................................................................":;hnt tg H+ubt# jtbg. . .......................................................................................>>;hnt jtbg. . ...................................................................................................... >;Bethrhst !gvhrjlh jtbg. . ..................................................................................>0Cgel Phrm ;hnt tg H+ubt# jtbg. .......................................................................>8

: +JP)G,..............................................................................."0;hnt Pg H+ubt# jtbg. . ......................................................................................>6

Bethrhst !gvhrjlh jtbg. .................................................................................... >6Cgel Phrm ;hnt Pg H+ubt# jtbg. ......................................................................>6

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:2. $ J+% GC/%+ +JP)G.................................................................................."9;bvb`he` Qj#gut jtbg...........................................................................................08Qrh"hrrh` ;bvb`he` !gvhrjlh jtbg.......................................................................?$)$....................................................................................... ':5'8

"4. $PG*- * J+P.............................................................................................'85'2

":. ),?%$PM%,P$.............................................................................................'95("

"". ;),J,*)JC /%PJPC........................................................................................('

"'. +%;+%,*%$....................................................................................................... (9

Qjlh | 8


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bstgry go Mbccjt Prjktgrs Cbmbth`.

Mbccjt Prjktgrs Cbmbth` 1MPC: %js hstjncbsfh` be 6829 tg betrgùkh je` mjrdht Mjssh#-hrlusge 1M-: Prjktgrs be Qjdbstje. Je jsshmnc# pcjet %js sht up be 6824 tg jsshmnchtrjktgrs bmpgrth` be shmb3degkdh` `g%e 1[>;: kge`btbge.

Pfh kgmpje# %js ejtbgejcb$h` ue`hr Hkgegmbk h"grms =r`hr be 6840 je` stjrth`jsshmncbel je` mjrdhtbel trjktgrs ge nhfjc" g" Qjdbstje Prjktgr !grpgrjtbge 1QP!: %fbkf%js "grmh` n# tfh /gvhremhet "gr bmpgrt g" trjktgrs be [>; kge`btbge. Be 685< tfh/gvhremhet `hkb`h` ge be`blheb$jtbge g" tfh trjktgrs je` hetrusth` tfbs tjsd tg QP!.

QP! trjes"hrrh` tfbs rgch g" be`blheb$jtbge be 6856 tg MPC. Pfbs %js tfh turebel pgbet be tfh!gmpje#'s fbstgr# je` bt %het jngut tfh tjsd mhtfg`bkjcc# je` rjpb`c#. Pfh !gmpje#ue`hrtggd tfbs eh% rgch %btf hetfusbjsm je` be tfh spbrbt g" ejtbgejc `hvhcgpmhet je` prgvh`bts helbehhrbel kjpjnbcbtbhs n# surprbsbel tfh `hchtbge tjrlhts sht n# tfh /gvhremhet. 7ust begeh #hjrAs tbmh tfh kgmpje# tggd j lbjet sthp tg%jr`s shc"3rhcbjekh n# shttbel up tfh "brsthelbeh jsshmnc# pcjet be Qjdbstje.

Pfh !gmpje# mj`h j strjthlbk `hkbsbge rblft be tfh nhlbeebel tg nrbel tfgsh mjeu"jkturbel"jkbcbtbhs be3fgush "gr %fbkf kjpjnbcbtbhs `b` egt hxbst be tfh kguetr# je` "gr pjrts %fbkfrh+ubrh` fblf prhkbsbge je` bevhstmhet. Pfhrh"grh be 6859 sgpfbstbkjth` mjeu"jkturbel"jkbcbtbhs "gr tfh mjkfbebel g" betrbkjth kgmpgehets %hrh sht up. Pfhsh %hrh prhvbgusc# egtjvjbcjnch be Qjdbstje. !urrhetc# krbtbkjc kgmpgehets cbdh Helbeh cgkds [ump Prjesmbssbge!jsh Jxch &gusbel `rjucbk Cb"t !gvhr -rget Jxch [uppgrt je` !hetrh &gusbel jrh jcc

nhbel mjkfbeh` mgst sukkhss"ucc# be3fgush jt MPC "rgm cgkjcc# sgurkh` kjstbels.Jt MPC %h "brmc# nhcbhvh tfjt prgùkbel tg Bethrejtbgejc +ujcbt# stje`jr`s bs tfh dh# tg gur kgetbeuh` sukkhss je` lrg%tf je` gur +ujcbt# kgetrgc `hpjrtmhet kgevhrts tfbs nhcbh" betgrhjcbt#.

Be 6880 tfh kgmpje# %js prbvjtb$h . Pfh hmpcg#hhs igbeh` fje`s je` tggd gvhr tfhmjejlhmhet n# %beebel je gphe nb`.

Pg mjbetjbe bts chj`hrsfbp rgch be trjktgr mjeu"jkturbel be tfh kguetr# MPC kgetbeuhs tg cggd tg%jr` "uturh tg b`hetb"# je` hxpcgbt eh% gppgrtuebtbhs je` tg kgesgcb`jth hxbstbel gehs. Pfh

Prjktgr Jsshmnc# Qcjet bs pjrt g" tfbs pfbcgsgpf#. Pfbs pcjet stjrth` bts prgùktbge be 6880.Pfh hstjncbsfmhet g" tfbs mg`hre pcjet egt gec# bekrhjsh` prgùktbge kjpjkbt# tg 62


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J"thr sukkhss"uc tjdhgvhr MPC jcsg jk+ubrh` tfh mjejlhmhet kgetrgc g" gcje !jstbelsCbmbth` 1j Quncbk Cbmbth` !gmpje# sphkbjcb$bel be betrbkjth jutgmgtbvh kjstbels: be

pjrtehrsfbp %btf hmpcg#hhs g" tfh kgmpje# be 688?. Pfh kgmpje# fjs nhhe tfh rhlucjr

rhkbpbhet g" tfh !grpgrjth Hxkhcchekh J%jr` g" Mjejlhmhet Jssgkbjtbge g" Qjdbstje je` tfhPgp !gmpjebhs J%jr` g" >jrjkfb [tgkd Hxkfjelh sbekh hjrc# hblftbhs. MPCAs Jeeujchpgrt fjs nhhe jkdeg%ch`lh` js tfh hst Jeeujc hpgrt n# tfh Bestbtuth g" !fjrthrh`

[hkrhtjrbhs je` J`mbe Jssgkbjtbge g" Qjdbstje "gr shvhrjc #hjrs.

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Mbccjt Prjktgrs Qrgobch.

Mbccjt Prjktgrs Cbmbth` 1MPC: bs je B[= 8


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$trukturh go GrljebAjtbge.

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bhrjrk#y go Mbccjt Prjktgr Cbmbth`.

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Mjejlhmhet

[bdje`jrMustjojDfje

Kfjbrmje

Cjhhq``be

!esjrbKHG

Ngjr` Go@brhktgrs

[bdje`jrMustjojDfje

Kfjbrmje

Cjhhq``be

!esjrbKfbho

Hxhkutbvh

Cjtbo Dfj"b`

#jsf$b

[%fjb"&jsfbr 'jej

MbjeMufj$$j`

[j"hh$

'jejMufj$$j`

[j``bquh

Mje(%%r!f$j`

[)M)*je+hhrM.K.N

Egmbehh

Mufj$$j`[j"hh$

Kgmpjey[hkrhtjry

Qjlh | ::


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Cjhhq ``be!esjrb

KHG

,r%u- !`+bs%r./%$$btthh

[bdje`jr M)Dfje

Kfjbrmje

Cjtbo Dfj"b`#jsf$b

[r. Hxhkutbvh@brhktgr

[%fjb"&jsfbr'jej

[r. Hxhkutbvh@brhktgr

Mbje M)[j"hh$Hxhkutbvh

@brhktgr

Cjhh X``be Jesjrb

!H=

$#j#b` $#j#!jA Pggr;brhktgr Phkfebkjc

,jsbm $je`#u;#. /he. Mjejlhr J`me. Qurkfjsh

Njvh` Muebr/he. Mjejlhr -bejekh !-=

3jsbm $jhh`;#. /he. Mjejlhr BQ;

J#sje )mrje/he. Mjejlhr Qrg`uktbge

Js#oj ;jrgg b ;#. /he. Mjejlhr Oujcbt# !getrgc

;jrgl# ) !jc/he. Mjejlhr BP

Jt#jr 6u!jbr ;#. /he. Mjejlhr Phkfebkjc

$yh` Mu#jmmj` >j u!;#. /he. Mjejlhr Mjrdhtbel

Mu#jmmj` Jdrjm ;#. /he. Mjejlhr Mjrdhtbel

Mu#jmmj` Jscjm -#gd#jr /he. Mjejlhr1!ggr`bejtbge:

Mjesggr J!!jsb;#. /he. Mjejlhr Mjeu"jkturbel

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GrljebAjtbge bhrjrk#y

Jt MPC tfhrh bs khetrjcb$h` `hkbsbge mjdbel prgkhss. ;gkumhetjtbge prgkhùrh bs "grmjc

h.l. be kjsh g" prgvb`bel j"thr sjch shrvbkh 1%jrrjet# ( rhpcjkhmhet: "gr `h"hktbvh pjrts tfh

prgkhùrh bs js "gccg%s)

!ustgmhr lghs tg `hjchr je` thccs tfh prgnchm.;hjchrs rhpcjkh tfh pjrts "rgm fbs bevhetgr# je` j"thr%jr`s "bccs tfh kcjbms "grm

je` tjdhs tfh kgcchktbvh `h"hktbvh pjrts tg tfh Mbccjt Prjktgrs Cbmbth`.MPC besphkts tfh pjrt je` tfhe hbtfhr rhpcjkhs pjrt tg tfh `hjchr gr krh`bts tfh

njcjekh tg `hjchrs jkkguets.

-gr tfh hxtrj gr`bejr# prgnchm gr `h"hkt tfh kcjbm prgkhùrh bs `b""hrhet je` js "gccg%s)

!ustgmhrs lg tg `hjchr je` thccs tfh prgnchm.;hjchr she`s j egtbkh tg tfh Mbccjt Prjktgrs Cbmbth` je` tfhe j thjm "rgm MPC

vbsbts tfh trjktgr je` tfhe `hkb`hs %fhtfhr tg bmprgvh tfh kcjbm gr egt.B" tfh kcjbm bs jkkhpth` tfhe tfh pjrt bs shet tg tfh `hjchr "gr rhpchebsfmhet.

/%QJ+PM%,P JP MPC

Be gr`hr tg fjvh mjxbmum h""bkbhek# Mbccjt Prjktgrs Cbmbth` "uektbges jrh vhr# strukturh`.

Pfh `bvbsbge g" %grd je` cjngr bs `geh be j vhr# `hsbleh` mjeehr je` jcc tfh %grd

rh+ubrhmhets fjvh nhhe `bstrbnuth` prgphrc# jmgel tfh vjrbgus `hpjrtmhets.

Hvhr# `hpjrtmhet "uc"bcc bts g%e rh+ubrhmhets je` `geh bts g%e %grd. Pfhrh jrh "gccg%bel

`hpjrtmhet ge Mbccjt Prjktgr Cbmbth`.

&umje rhsgurkh `hvhcgpmhet je` trjbebel `hpjrtmhet 1& ;:Mjrdhtbel `hpjrtmhetJ`mbebstrjtbge `hpjrtmhet-bejekh `hpjrtmhetJu`btbel `hpjrtmhetH;Q 1hchktrbk `jtj prgkhssbel: `hpjrtmhet

J fbhrjrkf# hxbsts be hjkf `hpjrtmhet je` tfh "uektbges g" tfh `hpjrtmhet "cg% be tfjt

pjrtbkucjr kj`rh %fhtfhr tfh# jrh "cg%bel "rgm tgp tg ngttgm gr "rgm ngttgm tg tgp. [gmh

`hpjrtmhets fjvh "urtfhr sun3`hpjrtmhets js %hcc cbdh mjrdhtbel bs tfh nbllhst `hpjrtmhet g"

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MPC sg bt fjs 43sun `hpjrtmhets. [bmbcjrc# sun `hpjrtmhets hxbst be j`mbebstrjtbge

`hpjrtmhet.

MJ,J1),1 %MQCG>%%$ JP MPC

Pgtjc eumnhr g" hmpcg#hhs jrh 6


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Qrg`uktbge Qcjet

Pfhrh bs gec# geh prg`uktbge pcjet cgkjth` be Cjfgrh. Bts %grdbel kjpjkbt# 4


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$wgt Jejcysbs Go Mbccjt Prjktgrs.

Pfh s%gt jejc#sbs kgesbst g" jejc#$bel tfh grljeb$jtbgejc strheltf je` %hjdehsshs je` bts

gppgrtuebtbhs je` tfrhjts %fbkf jrh rhcjth` tg hxthrejc hevbrgemhet. bt fhcps tg b`hetb"# j

strjthlbk ebkfh tfjt tfh grljeb$jtbge mblft hxpcgbt. &hrh bs j s%gt jejc#sbs g" Mbccjt Prjktgrs

Cbmbth`.

[trheltf

Mbccjt trjktgrs cbmbth` bs strgel grljeb$jtbge js "gr js bts kgmphtbtgr bs kgekhreh`. jsbkjcc#

tfh jktbvbtbhs tfh "brm `ghs %hcc gr tfh rhsgurkhs bt fjs gr bt kgetrgcs jrh rh"hrrh` tg js bts

strheltf.

-gccg%bel jrh tfh strheltfs g" MPC.

:. gg` !b"" # !h"" Hstj$"bsfh` %mjlh

MPC fjs je hxkhcchet lgg`%bcc be tfh mjrdht je` be stgkd hxkfjelh.

&. Mjr'ht [fjrh

J mjrdht sfjrh g" @5 32< prgvhs tg nh j `hmje`bel strheltf g" tfh Mbccjt Prjktgrs

Cbmbth`.

(. )hpjbr *jkb"bty

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M- trjktgrs kje nh rhpjbr "rgm je# %grdsfgp cgkjth` be je# jrhj g" Qjdbstje. Pfhrh bs eg

sphkb"bkjtbge rhljr`bel rhpjbr mjbethejekh g" trjktgrs sukf js b" tfh kustgmhr fjs purkfjsh`

trjktgr "rgm Cjfgrh fh kje rhpjbr bt "rgm ;./. >fje gr Mjbcsb %grdsfgp js %hcc.

+. @h"bvhry ,frgulf @hj"hrs -e` @brhkt Kjsf Njsbs

MPC fjs strheltf gvhr tfhbr kgmphtbtgrs . bt `hcbvhrs trjktgrs tfrgulf `hjchrs je` `brhkt kjsf

njsbs `hcbvhr# bs jcsg mj`h. ut Jc3/fj$b trjktgr mjdhs `hcbvhr# iust tfrgulf `hjchrs.

. /bkheshs -e` ,hkfeg"gly

Cbkheshs je` thkfegcgl# "rgm Mjsshy ;hrlusgeH K> lbvhs Mbccjt Prjktgrs cbmbth` je hxtrj

h`lh.

1. %[G >>& Khrtb;kjtbge

Jegtfhr sgcb` strheltf g" Mbccjt Prjktgrs Cbmbth` bs B[= 8


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Mbccjt trjktgrs cbmbth` fjs `bvhrsb"bh` bts nusbehss n# prg`ukbel jlrbkucturjc bmpchmhets

lhehrjtbel shts "grd cb"thrs rhx njrrhe njtthrbhs je` eg% %grdbel ge tfh jutgmgnbchs

nusbehss js %hcc.

::. Hxphrbhekh

Jegtfhr strheltf g" MPC bs tfjt bt fjs nhhe hstjncbsfh` sbekh 6829 sg bt fjs hxphrbhekh cjngr

"grkh.

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;uh tg `bvhrsb"bh` %grd jt MPC bt mblft egt jnch tg "ucc# kgekhetrjth ge bts prbmjr#

gphrjtbges.

. Ege [phkbj"b9h`


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:.


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/gvhremhet fj` betrgùkh` /rhhe Prjktgr [kfhmh. Jkkgr`bel tg tfbs skfhmhs prbkhs g" tfh

trjktgrs `hkcbeh`. MPC jcsg ljvh tfh sjkrb"bkh n# rhùkbel tfh prg"bt mjrlbes je` ge tfh gtfhr

fje` lgvhremhet rhùkh` tfh tjxhs nut tfbs rhùktbge %js egt sg mukf suppgrtbvh.

O$johty je` %evbrgemhetjc QrgthktbgeL

Pfh !gmpje# fjs j shpjrjth &grtbkucturh ;hpjrtmhet tg mjdh tfh hevbrgemhet

pchjsjet lrhhe je` "ucc g" "cg%hrs. Pfh !gmpje# fjs nhhe pjrtbkbpjtbel sbekh mje#

#hjrs be tfh &grtbkucturjc je` "cg%hr kgmphtbtbges jrrjelh` n# /gvhremhet je` gtfhr

bestbtutbges. Pfh !gmpje# jljbe %ge nhst phr"grmjekh j%jr`s be `b""hrhet

kgmphtbtbges. Pg prgmgth fhjctf# hevbrgemhet %btfbe tfh !gmpje# je` bts

surrgue`bels j mjigr Prhh Qcjetjtbge !jmpjble %js ue`hrtjdhe je` gvhr 0@


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g""hrbel j %b`h rjelh g" prgùkts mhhtbel jcc pgkdht ehh`s. Pfbs jcsg pcjkhs us be j

kgm"grtjnch pgsbtbge tg mhht "uturh *P= kge`btbgejctbhs. *h jrh kge"b`het tfjt gur kurrhet

prgùkts +ujcbt# %bcc pcjkh us be j lgg` pgsbtbge tg kgmphth lcgnjcc#.

Hekgurjlh` n# tfbs jkkhptjnbcbt# %h pcje tg kgetbeuh %btf tfh kgekhpt g" g""hrbel prgùkts

subth` tg tfh mjrdht ehh`s tg "urtfhr hefjekh gur hxbstbel trjktgr rjelh.

Qgrtogcbg go Mbccjt Prjktgr Cbmbth`.

gcje !jstbel Ct`

Mbccjt H+ubpmhet Ct`

Mbccjt Beùstrbjc Qrgùkt Ct`

=gcje *jstbel Ct`.Be 688? tfh !gmpje# be kgccjngrjtbge %btf tfh hmpcg#hhs g" gcje !jstbelCbmbth` jk+ubrh` tfh mjejlhmhet kgetrgc g" gcje !jstbel Cbmbth` n#

purkfjsbel @6 g" tfh !gmpje# sfjrhs g""hrh` n# tfh lgvhremhet js pjrt g"

tfh prgkhss g" prbvjtb$jtbge. !C prgvb`hs mjigr kjstbel "gr JutgmgnbchBeùstrbhs je` jcsg @< g" tfh !gmpje# rh+ubrhmhet jrh mht "rgm bt. [bekhjk+ubsbtbge g" tfh kgetrgc n# MPC !C fjs jcsg phr"grmh` vhr# %hcc je` fjs nhhe ge jlrg%tf pjtthre. J"thr `bskfjrlbel jcc bts "bejekbjc cbjnbcbtbhs tfh !gmpje# fjs nhhe `hkcjrbelvhr# rhjsgejnch `bvb`he` "gr tfh sfjrh fgc`hrs "gr tfh cjst tfrhh #hjrs.

Mbccjt % ub7mhet Ct`Mbccjt H+ubpmhet Cbmbth` %js bekgrpgrjth` be 688? js j %fgcc# g%eh`sunsb`bjr# kgmpje# g" Mbccjt Prjktgrs Cbmbth` "gr Qrgùktbge g" lhjrs tg nh

ush` be trjktgrs kjrs je` !gmmhrkbjc vhfbkchs tfh prgùktbge fjs sg "gr nhhe kgmmhekh` je` tfh kgmpje# fjs `hkcjrh` prg"btjnbcbt# "gr tfh #hjr he`h` iueh ?< 0


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Qjlh | >0


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+jtbg Jejcysbs go Mbccjt Prjktgr Cbmbth`.

&hrh B %bcc jejc#sbs `b""hrhet rjtbge %fbkf jrh js "gccg%s.

:@ Jktbvbty +jtbg.

hkhbvjnch Puregvhr.Qj#jnch Puregvhr.*grdbel !jpbtjc Puregvhr.-bxh` Jsshts Puregvhr.Pgtjc Jsshts Puregvhr.

"@ Cb ub`bty rjtbgs.

!urrhet jtbg.Oubkd jtbg(Jkb` Phst jtbg.=phrjtbel !jsf -cg% jtbg.

'@ Chvhrjlh rjtbgs.

;hnt tg H+ubt# jtbg.;hnt jtbg.Bethrhst !gvhrjlh jtbg.Cgel Phrm ;hnt tg H+ubt# jtbg.

(@ Qrgobtj!bcbty +jtbgs./rgss Mjrlbe jtbg.

hture ge [jchs jtbg.hture ge Jsshts jtbg.hture ge Pgtjc H+ubt# jtbg.

8@ $#jrh#gc`hrs +jtbgs.

;bvb`he` Qj#gut jtbg.Qrh"hrrh` ;bvb`he` !gvhrjlh jtbg.

:. Cb ub`bty rjtbgs.

J kcjss g" "bejekbjc mhtrbks tfjt bs ush` tg `hthrmbeh j kgmpje#As jnbcbt# tg pj# g"" bts sfgrt3thrms `hnts gncbljtbges. /hehrjcc# tfh fblfhr tfh vjcuh g" tfh rjtbg tfh cjrlhr tfh mjrlbe g" sj"ht# tfjt tfh kgmpje# pgsshsshs tg kgvhr sfgrt3thrm `hnts. !urrhet jtbg.

!urrhet jtbg.Oubkd jtbg(Jkb` Phst jtbg.=phrjtbel !jsf -cg% jtbg.

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*urrhet +jtbg.J cb+ub`bt# rjtbg tfjt mhjsurhs j kgmpje#As jnbcbt# tg pj# sfgrt3thrm gncbljtbges.

Pfh !urrhet jtbg "grmucj bs)

hj

r

/urrhet

!sshts

/urrhet

Cbj b"btbhs/urrhet 'jtb%

>116

? :112

8 ?6 21> :)1:1

:1 :)0: tb$hs

&>>?.> &>> .> &>:>.>1)8

:

:)8

*urrhet +jtbg

*urrhet +jtbg

)ethr7rhtjtbgeF"442. Mbccjt Prjktgrs fj` s. 6.98 g" kurrhet jsshts "gr hvhr# h. 6 g" kurrhet cbjnbcbtbhs."449. Mbccjt Prjktgr fj` s. 6.4 g" kurrhet jsshts "gr hvhr# h. 6 g" kurrhet cbjnbcbtbhs."4:4. Mbccjt Prjktgrs fj` s. 6.96 g" kurrhet jsshts "gr hvhr# h. 6 g" kurrhet cbjnbcbtbhs.

Qjlh | >?


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[g 6h Kje sjy tfjt tfhrh bs je hxkhssbvh -sshts be >112 js kgmpjrh tg >116 go >.&:$ut be >1:1 tfhy rh`ukh tfhbr kurrhet rjtbge orgm >.&: tg >.& .

3ubkd +jtbgBJkb` Phst +jtbg.Je be`bkjtgr g" j kgmpje#As sfgrt3thrm cb+ub`bt#. Pfh +ubkd rjtbg mhjsurhs jkgmpje#As jnbcbt# tg mhht bts sfgrt3thrm gncbljtbges %btf bts mgst cb+ub` jsshts. Pfhfblfhr tfh +ubkd rjtbg tfh nhtthr tfh pgsbtbge g" tfh kgmpje#.

!jckucjth` n#)

hjr

/urrhet!sshts

be+het%rbhs

/urrhetCbj b"btbhs

ub d 'jtb% ! b`*hst 'jtb%

>116

? :112

8 ?:62188

; ;>6 21> :)10

>1:1

:1 ?;000:

< 86< 2:> :)1?

3ubkd +jtbg B Jkb` Phst +jtbg

)ethr7rhtjtbgeF

Qjlh | ><


28/53

"442. Mbccjt Prjktgrs fj` s. 6.116

: 16< 62> 0 :0? 110 1)>?

>11

238: 2;6= ; ;>6 21> 1)1:8

>1:1

0 >?8 ::1 < 86< 2:> 1)8?

G7hrjtbel *js# ;cgw +jtbg

Qjlh | >6


29/53

)ethr7rhtjtbgeF"442. Mbccjt Prjktgrs fj` s. .

". Jktbvbty +jtbg.Jkkguetbel rjtbgs tfjt mhjsurh j "brmAs jnbcbt# tg kgevhrt `b""hrhet jkkguets %btfbe tfhbr

njcjekh sfhhts betg kjsf gr sjchs.

hkhbvjnch Puregvhr.Qj#jnch Puregvhr.*grdbel !jpbtjc Puregvhr.-bxh` Jsshts Puregvhr.Pgtjc Jsshts Puregvhr.

+hkhbvj!ch Puregvhr. Je jkkguetbel mhjsurh ush` tg +ujetb"# j "brmAs h""hktbvhehss be hxthe`bel krh`btjs %hcc js kgcchktbel `hnts. Pfh rhkhbvjnchs turegvhr rjtbg bs je jktbvbt# rjtbg mhjsurbel fg%h""bkbhetc# j "brm ushs bts jsshts.

-grmucj)

hjr

5ht /rh`bt[j"h

!+hrjlh! %uet

'h hb+j "h

! %uet 'h hb+j "h*ure%+hr

>116

:: > ;68 : ;6< 2>2 6):>

>112

:? 12: 1:1

>> 0?: >02 > 2


30/53

!66%uet 'h6hb+j;"h *ure%+hr

)ethr7rhtjtbgeF"442. Mbccjt Prjktgrs fj` s. 5.60 tbmh jkkguet rhkhbvjnchs."449. Mbccjt Prjktgr fj` s. 66.4 tbmhs jkkguet rhkhbvjnchs."4:4. Mbccjt Prjktgrs fj` s. 5.6 tbmhs jkkguet rhkhbvjnchs.

[g 6h Kje sjy tfjt tfhrh bs j lrj`uj" bekrhjsh be jkkguet rhkhbvj$"hs be &>> jskgmpjrh tg &>>? je` &>:> rhsphktbvh"y.

Qjyj!ch Puregvhr.J sfgrt3thrm cb+ub`bt# mhjsurh ush` tg +ujetb"# tfh rjth jt %fbkf j kgmpje# pj#s g""bts suppcbhrs. Jkkguets pj#jnch turegvhr rjtbg bs kjckucjth` n# tjdbel tfh tgtjc

purkfjshs mj`h "rgm suppcbhrs je` `bvb`bel bt n# tfh jvhrjlh jkkguets pj#jnchjmguet `urbel tfh sjmh phrbg`.

-grmucj)

hjr

5ht /rh`bt-ur fjshs

!+hrjlh! %uetQj.j "h

! %uet Qj.j "h*ure%+hr

>116

2


31/53

>1:1

:6 8>6 :


32/53

r *ure%+hr

>116

:: > ;68 "H4''H8112 :? 12: 1:1

>> 0?: >02 'H:(9H((<


33/53

J "bejekbjc rjtbg g" eht sjchs tg "bxh` jsshts. Pfh "bxh`3jssht turegvhr rjtbg mhjsurhs jkgmpje#As jnbcbt# tg lhehrjth eht sjchs "rgm "bxh`3jssht bevhstmhets 3 sphkb"bkjcc# prgphrt#

pcjet je` h+ubpmhet 1QQ H: 3 eht g" `hprhkbjtbge. J fblfhr "bxh`3jssht turegvhr rjtbg sfg%stfjt tfh kgmpje# fjs nhhe mgrh h""hktbvh be usbel tfh bevhstmhet be "bxh` jsshts tg lhehrjth

rhvheuhs.

Pfh "bxh`3jssht turegvhr rjtbg bs kjckucjth` js)

hj

r5ht [j"hs

*%tj" bAh`!sshts

7%rdbel /j-btj"*ure%+hr

>116

:: > ;68 :H:112

:? 12:


34/53

Pgtjc Jsshts Puregvhr.Pfh jmguet g" sjchs lhehrjth` "gr hvhr# `gccjrAs %grtf g" jsshts. Bt bs kjckucjth` n# `bvb`belsjchs be `gccjrs n# jsshts be `gccjrs.

-grmucj)

hjr

5ht [j"hs *%tj" !sshts7%rdbel /j-btj"

*ure%+hr>11

6:: > ;68 );1

>1:1

>> 0?: >02 :"H:>?.> &>> .> &>:>.>1)8

:

:)8

*%tj" !ssht *ure%+hr 'jtb%

Pgtjc Jssht Puregvhr +jtbg

)ethr7rhtjtbgeF"442. Mbccjt Prjktgrs fj` s. 6.@6 Pgtjc Jssht Puregvhr."449. Mbccjt Prjktgr fj` s. 0.? Pgtjc Jssht Puregvhr."4:4. Mbccjt Prjktgrs fj` s. 6.59 Pgtjc Jssht Puregvhr.

[g 6h kje sjy tfjt tfhrh bs j lrj`uj" bekrhjsh be )jtbg orgm &>>? tg &>> $y:. : tg &.( jothr tfjt bt `hkrhjshs orgm &.( tg :.?+ be &>:> rhsphktbvh"y.

Qjlh | ;0


35/53

'. Chvhrjlh +jtbgs.Je# rjtbg ush` tg kjckucjth tfh "bejekbjc chvhrjlh g" j kgmpje# tg lht je b`hj g" tfhkgmpje#As mhtfg`s g" "bejekbel gr tg mhjsurh bts jnbcbt# tg mhht "bejekbjc gncbljtbges.Pfhrh jrh shvhrjc `b""hrhet rjtbgs nut tfh mjbe "jktgrs cggdh` jt bekcu`h `hnt h+ubt#jsshts je` bethrhst hxpheshs.

;hnt tg H+ubt# jtbg.;hnt jtbg.Bethrhst !gvhrjlh jtbg.Cgel Phrm ;hnt tg H+ubt# jtbg.

/h!t tg % ubty +jtbg.J mhjsurh g" j kgmpje#As "bejekbjc chvhrjlh kjckucjth` n# `bvb`bel bts tgtjc cbjnbcbtbhs

n# stgkdfgc`hrsA h+ubt#. Bt be`bkjths %fjt prgpgrtbge g" h+ubt# je` `hnt tfh kgmpje# bsusbel tg "bejekh bts jsshts.

-grmucj)

hjr

*%tj"Cbj b"btbhs

Jqubt.Nh t t% Jqubt.

'jtb%>11

60 >26 1112

; 0;: 66: 'H8"1:1

< ?1? 8 (H8:9H9:: :)?6

Qjlh | ;8


36/53

/h!t tg % ubty +jtbg

)ethr7rhtjtbgeF"442. Mbccjt Prjktgrs fj` s. 6.?4 Pbmhs ;hnt Pg H+ubt#."449. Mbccjt Prjktgr fj` s. >? tg&>> $y :.(0 tg >. 0 jothr tfjt bt %ekrhjshs orgm >. 0 tg :.1? be &>:> rhsphktbvh"y.

/h!t +jtbg.J rjtbg tfjt be`bkjths %fjt prgpgrtbge g" `hnt j kgmpje# fjs rhcjtbvh tg bts jsshts. Pfhmhjsurh lbvhs je b`hj tg tfh chvhrjlh g" tfh kgmpje# jcgel %btf tfh pgthetbjc rbsds tfhkgmpje# "jkhs be thrms g" bts `hnt3cgj`.

-grmucj)

hj

r*%tj"

"bj b"bt.*%tj" !sshts Nh t 'jtb%

>116

0 >26 11:1

< ?1? 8 :"H:

Qjlh | ;?


37/53

/h!t +jtbg

)ethr7rhtjtbgeF"442. Mbccjt Prjktgrs fj` s. 112

: 6?? :8; 8


38/53

>1:1

; ?;0 11: :H:0'H(:9 ;):>

)ethrhst *gvhrjlh +jtbg

)ethr7rhtjtbgeF"442. Mbccjt Prjktgrs fj` s. ?.99 Pbmhs Bethrhst !gvhrjlh jtbg."449. Mbccjt Prjktgr fj` s. ?.20 Pbmhs Bethrhst !gvhrjlh jtbg."4:4. Mbccjt Prjktgrs fj` s. ?.60 Pbmhs Bethrhst !gvhrjlh jtbg.

[g 6h kje sjy tfjt tfhrh bs j lrj`uj" @hkrhjsh be Pbmhs Bethrhst !gvhrjlh jtbg orgm&>> tg &>:> $y (.1& tg (.:& rhsphktbvh"y.

Cgel Phrm /h!t tg % ubty +jtbg.J mhjsurhmhet g" j kgmpje#As "bejekbjc chvhrjlh kjckucjth` js tfh kgmpje#As `hnt`bvb`h` n# bts tgtjc kjpbtjc. ;hnt bekcu`hs jcc sfgrt3thrm je` cgel3thrm gncbljtbges.Pgtjc kjpbtjc bekcu`hs tfh kgmpje#As `hnt je` sfjrhfgc`hrsA h+ubt# %fbkf bekcu`hs

kgmmge stgkd prh"hrrh` stgkd mbegrbt# bethrhst je` eht `hnt.

!jckucjth` js)

hj

rC%el thr$

`h t[fjrhf%"`hrs@

Jqubt.Cgel Phrm /h!t tg

% ubty +jtbg>11

61 'H:'4H2(: 1

>112

1 'H8"


39/53

>1:1

1 (H8:9H9:: 1

Cgel Phrm /h!t tg % ubty +jtbg

)ethr7rhtjtbgeF"442. Mbccjt Prjktgrs fj` eg cgel thrm `hnts."449. Mbccjt Prjktgrs fj` eg cgel thrm `hnts."4:4. Mbccjt Prjktgrs fj` eg cgel thrm `hnts.

[g 6h kje sjy tfjt tfhrh bs eg "gel thrm `h$t jvjb"j$"h be Mb""jt trjktgr.

(. Qrgobtj!bcbty +jtbgs.J kcjss g" "bejekbjc mhtrbks tfjt jrh ush` tg jsshss j nusbehssAs jnbcbt# tg lhehrjth hjrebelsjs kgmpjrh` tg bts hxpheshs je` gtfhr rhchvjet kgsts bekurrh` `urbel j sphkb"bk phrbg` g" tbmh. -gr mgst g" tfhsh rjtbgs fjvbel j fblfhr vjcuh rhcjtbvh tg j kgmphtbtgrAs rjtbg gr tfhsjmh rjtbg "rgm j prhvbgus phrbg` bs be`bkjtbvh tfjt tfh kgmpje# bs `gbel %hcc.

/rgss Mjrlbe jtbg.hture ge [jchs jtbg.hture ge Jsshts jtbg.hture ge Pgtjc H+ubt# jtbg.

1rgss Qrgobt Mjrlbe +jtbg.Be`bkjths %fjt tfh kgmpje#As prbkbel pgcbk# bs je` %fjt tfh truh mjrd3up mjrlbes jrh.

Qjlh | ;2


40/53

hjr

'h+heuh/,[

'h+heuh1rgss Qrgobt Mjrlbe

+jtbg>11

6: 81; 61:1

; 2;; 1116

: :0> 2>6 ::H"


41/53

>112

: 6?? :8; :0H49:H


42/53

>1:1

< ?1? 8 (H8:9H9:: :)?6

+hture ge Pgtjc % ubty +jtbg

)ethr7rhtjtbgeF"442. Mbccjt Prjktgrs fj` s. 6.?4 Pbmh hture ge Pgtjc H+ubt# jtbg."449. Mbccjt Prjktgr fj` s.


43/53

hjr

hjr".`b+b`he`

-hr sfjrh

Jjrebels Qhr[fjrh

Nb+b`he` Qj.%ut'jtb%

>116

;>)81 '(.8: 1)20

>112

8 ('.


44/53

J kgvhrjlh rjtbg tfjt mhjsurhs j kgmpje#As jnbcbt# tg pj# g"" bts rh+ubrh` prh"hrrh``bvb`he` pj#mhets. J fhjctf# kgmpje# %bcc fjvh j fblf kgvhrjlh rjtbg be`bkjtbeltfjt bt fjs cbttch `b""bkuct# be pj#bel g"" bts prh"hrrh` `bvb`he` rh+ubrhmhets.

-grmucj)

hjr

5ht be %$hNb+b`he`Qj.$het

Qrhohrrh` /bvb`he`*gvhrjlh +jtbg

>116 2:4H


45/53

Prhe` Jejcysbs.Je jsphkt g" thkfebkjc jejc#sbs tfjt trbhs tg prh`bkt tfh "uturh mgvhmhet g" j stgkd njsh` ge

pjst `jtj. Prhe` jejc#sbs bs njsh` ge tfh b`hj tfjt %fjt fjs fjppheh` be tfh pjst lbvhs trj`hrsje b`hj g" %fjt %bcc fjpphe be tfh "uturh.

Pfhrh jrh t#rhh mjbe t#phs g" trhe`s)6. [fgrt0. Bethrmh`bjth?. Cgel3Phrm

Prhe` Jejcysbs go Mbccjt Prjktgr cbmbth`.

&hrh B fj` jppcbh` `b""hrhet "uektbges "gr trhe` jejc#sbs g" Mbccjt trjktgr.

Qjlh | 08


46/53

Jktbvbty +jtbg. Cb ub`bty rjtbgs. Chvhrjlh rjtbgs. Qrgobtj!bcbty +jtbgs.

Prhe` Jejcysbs go Jktbvbty +jtbg.

*rhe` !ej".sbs %o ! tb+bt. 'jtb%

)ethr7rhtjtbgeF

Jktbvbt# rjtbg "jccs "rgm 0


47/53

*rhe` !ej".sbs %o Cbqub`bt. rjtb%s

)ethr7rhtjtbgeFCb+ub`bt# jtbg sfg%s Evh rhcjtbge be jngvh lrjpf. Bt mhjes kgmpje#'s cb+ub`bt# rjtbg bs belgg` pgsbtbge.

Prhe` Jejcysbs go Chvhrjlh rjtbgs.

*rhe` !ej".sbs %o Ch+hrjlh rjtb%s

)ethr7rhtjtbgeF

Prhe` jejc#sbs g" chvhrjlh rjtbg sfg%s be jngvh lrjpf bs tfjt chvhrjlh rjtbg "jcs be 0


48/53

Prhe` Jejcysbs go Qrgobtj!bcbty +jtbgs.

rhe` !ej".sbs %o Qr%Htj b"bt. 'jtb%

)ethr7rhtjtbgeFPrhe` jejc#sbs g" Qrg"btjnbcbt# rjtbg sfg%s be jngvh lrjpf bs tfjt Qrg"btjnbcbt# rjtbg "jccs be0


49/53

4O6hrs

/fjbr$je

A[b'je`hrMustjoj JfjeN

Nbrh6t%r 8/J4

A/jhh5 K``be-esjrbN

,M8 /fbhoHej6bj"4O6hr

A2jvh` MuebrN[h6rhtjr.

AMbjeMufjmmj`

[j"hhmN

)ethr7rhtjtbgeF

Prhe` jejc#sbs g" [fjrhfgc`hrs rjtbg sfg%s be jngvh lrjpf bs tfjt sfjrh fgc`hrs rjtbgbekrhjshs be 0


50/53

-hy /jtj.Pbkdhr M)CP

"4:4 $jchs 00 926 098


51/53

8" whhds 5"0.9

%jrebelB /bvb`he`s Kjs 9B'4B"4:4@%jrebel /bvb`he`s

Mgst hkhet Otr :0."9 '".84Cjst 60 Mgetfs bhc` :'.40Qrbkh B $jch +jtbg 4.2( Qjygut +jtbg 9".9(Qrbkh B =ggd +jtbg (.:2 hc` !y besb`hrs ,BJ

;uturh Gutcggd.

QjdbstjeA jlrbkucturjc shktgr %bcc rhmjbe stjlejet uechss %h gptbmb$h gur "jrm pg%hr chvhc

tfrgulf hxthesbvh ush g" jlrbkucturh mjkfbehr# je` trjktgrs. Pfh

!gmpje# "hhcs tfjt tfh trjktgr mjrdht %guc` rhmjbe jt tfh sjmh chvhc be 0


52/53

:. Mjrdhtbel bs kjcch` s njkd ngeh g" je grljeb$jtbge. j pggr mjrdhtbel g" j lgg`

prgùkt kje `bsjsthr rhsucts %fbch lgg` mjrdhtbel g" nj` prgùkt kje mjdh mh rbkf

gtfhr rblfts. Pfhrh bs j cgt g" rggm g" bmprgvhmhet prhshet be tfh mjrdhtbel

`hvhcgpmhet rhljr`bel mjrdhtbel rhshjrkf tg b`hetb"# %fhrh tfh prgnchm 1%fjt bs tfh

rhjsge g" sjchs `hkcbeh: %fbkf shktbge g" je grljeb$jtbge bs %hjd `hjcbel %btf tfh

kustgmhr be tfbs rhljr` sphkbjc bmprgvhmhet be nggdbel shktbge bs rh+ubrh`. Pfh nhst

%j# jt nggdbel shktbge. Pfh prgnchm bs ùh tg tfh ign g" phrsges jt nggdbel shktbge.

Pg sfg% tfh prgnchm kgursh kgvhrbel tfh tgpbk fg% tg `hjc %btf tfh `b""hrhet phgpch

sfguc` nh grljeb$h`.

". Pfh# sfguc` kfjelh tfhbr tfbedbel tfjt tfh# %bcc jc%j#s rhmjbe chj`hr g" trjktgr

beùstr# nut tfh# sfguc` ue`hrstje` tfjt hvhr# nusbehss fjs tg "jkh tfh `hkcbeh stjlh

js %hcc be gr`hr tg rhmjbe jt mjturbt# bt bs ehkhssjr# tfh# sfguc` kjpturh tfgsh

mjrdhts be %fbkf tfh# stbcc `b` egt phehtrjth Pfh kgmphtbtgr jejc#sbs tfgrgulfc#.'. Jegtfhr jrhj %fbkf `hmje` jtthetbge bs tfjt g" ign rgtjtbge. Hmpcg#hhs jrh egt sg

mukf prgùktbvh mgtbvjth` je` h""bkbhet nhkjush g" tfhbr rgutbeh ign.(. Pfh# jcsg jrh jccg%h` tfh gphrjtbgejc chvhc hmpcg#hh be `hkbsbge mjdbel prgkhss

hsphkbjcc# %fhe tfh `hkbsbge jrh tjdhe jngut tfh cjngur "grkh nhkjush mgst g" tfh tbmh

tfh# nhtthr deg% jngut %fjt bs nheh"bkbjc je` subts tg tfhm.8. Pfh `hcbvhr# tbmh phrbg` jt MPC bs 063`j#s jrrjelhmhet sfguc` nh mj`h tg `hkrhjsh

tfh `hcbvhr# tbmh sg tfjt shrvbkh chvhc kje nh bmprgvh`.

Qjlh | 8>


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+hohrhekhs.

8. Xebvhrsbty Go khetrjc Que j!.Qrg") *j+js ,jdbM# !g -rbhe`

0. Cj#grh $tgkd %&k#jelh.hkgr` !hethr

fje 1MCP:;./.M 1Qrg`uktbge: Jfsje Bmrje

2. )ethreht sgurkhs./gglch [hjrkf hjrtf bmjlhs%%%.mbccjt.kgm.pd

financial ration analysis of millat tractor limited

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