project 164

8/8/2019 Project 164

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KOHAT CEMENT COMPANYPROFIT AND LOSS ACCOUNT

For The Year Ended On…. Rupees in (''002005 2006

GROSS SALES 1958321 2800130Local 1952966 2436802

Export 5355 363328

LESS: EXCISE DUTY 359104 415096

SALES TAX 254838 318649

COMMISION 21651 21258

FREIGHT AND HANDLING CHARGES 0 35697

NET SALES 1322728 2009430COST OF SALES 936066 1372012Raw material cosumed 73277 106379

Paking material consumed 84805 113741Fuel and power 444204 759156

Stores and spares consumed 36570 42789

Salaries,wages and benefits 82129 83929

Insurance 4622 5021

Repaires and maintenance 12849 16892

Depriciation 179357 229080

Amortization of deferred cost 0 0

Other manufacturing expenses 19208 16908

TOTAL 863744 1267516

WOR IN PROCESS 4269 -1673

Opening 27649 23380

Closing -23380 -25053COST OF GOODS MANUFACTURED -5224 -210

Finshed goods 0 0

Opening 15759 20983

Closing -20983 -21193

GROSS PROFIT 386662 637418

Selling, adminstrative and gernal expense 86231 97995Salaries,wages and benefits 50527 53390

Insuranse 782 939

Rent,rates and taxes 4012 5145

Depreciation 4997 4259

Entertainment 2377 2242

Repair and maintenance 3913 3697

Utilities 3466 3502

Others 16157 24821

FINANCIAL CHARGES 117421 120745Mark-up on 83494 85578

Interest on 18871 19369

Fee,charges and commission 15056 15798

OTHER INCOME / CHARGES -NET -55208 24759

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TOTAL 148444 243499

PROFIT / (LOSS) BEFORE TAXATION 238218 393919

TAXATION 186047 61830CURRENT -6695 11331

DEFERRED 192742 50499

PROFIT / (LOSS) AFTER TAXATION 424265 332089ACCUMULATED LOSS BROUGHT FORWARD -833393 0

ACCUMULATED LOSS CARRIED FORWARD -409128(RUPEES)

BASIC EARNINGS / (LOSS) PER SHARE 4.45

DILUTED EARNINGS /(LOSS) PER SHARE 3.79 2.33

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LTD

'')2007 2008 2009

4153574 4648655 66074183754854 4276682 5150358

398720 371973 1457060

537546 857096 1037376

489764 557863 667291

22694 48278 48987

27648 0 0

3075922 3185418 48537641845284 2813309 4340151

145854 266895 336729

138757 249081 3660571002810 1596171 2712875

53323 123061 145887

150995 190478 176297

6072 10072 10423

21472 46517 51717

269459 357681 416238

0 0 0

19620 32497 29097

1662508 2605558 3908591

781 -66404 97532

44977 44196 110600

-44196 -110600 -1306836141 7260 -2701

0 0 0

52636 16495 9235

-16495 -9235 -11936

1230638 372109 513613113219 195281 556025

62949 81345 89424

968 1525 1739

6328 5910 4671

5176 6845 7866

3081 1599 1480

2988 3646 2813

3640 4287 3914

28089 90124 444118

196949 365848 413203149682 298405 354226

32063 32458 34314

15204 34985 24663

-12601 -4579 118399

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297567 556550 1087627

933071 -184441 -574014

257089 90947 39404317718 -18300 -24514

239371 109247 418557

675982 -93494 -1799710 0 0

4.16 -0.5 -0.93

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KOHAT CEMENT COMPANY LTBALANCE SHEET

AS ENDED ON DEC 31…… ( Rupees in '

2005 2006

CURRENT ASSETS 395013 462683Cash and Bank Balance 37199 17529

Current accounts 36890 16970

Deposit accounts 66 54

Cash in hand 243 505

Others 0 0

Stock in trade 50809 56825

Raw material 2757 3433

Packing material 3689 7146

Work in process 23380 25053

Finished goods 20983 21193

Trade Debts 24712 18944

loans,Deposits,Payments, 27413 82266Loans-unsecured,considerd goods 1309 1265Advances-Unsecured 22651 72633

Executives 2283 1857

Employees 1214 2417

Suppliers and Contractors 1130 13839

Excise Duty 4759 42274

tax-net 13265 12246

Deposit's 772 600

Prepayments 2080 1235

Other recievables 601 6533

Stores,spares andloose tools 254880 287119

Stores 94968 70520Spares 118020 209898

Loose tools 2044 2590

Spares in transit 39848 4111

NONE CURRENT ASSETS 3879637 6425232

Tangible fixed assets 3657284 6381731

Operating fixed assets 3572688 4398164

Capital work in process 84596 1983567

Long term loans 5956 6718

Long term deoposits 23655 36783

Utilities 12480 12480

Leasing companies 10349 23150

Others 826 1153Deferred tax asset-net 192742 0

available tax losses 523672 0

tax depreciation -356183 0

retirement benefits 19749 0

others 5504 0

TOTAL ASSETSCURRENT LIABILITIES 383121 989539

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Current maturities of redeemable 189058 63695

capital and loans

Redeemable capital 10160 63695

Foreign Currency Loans 146277 0

Local Currency loans 32621 0

Current portion of liabilities against assets subject to finance le 6189 13114

Creditors,accrued and other liabilities 185969 912730Creditors 26298 488772

accrued expense 22069 74993

Other liabilities 137602 348965

Unclaimed divedend 1905 0

NON-CURRENT LIABILITIES 3346286 3647953

Redeemable Capital 185923 418021

long term loans 196083 418021

current maturity under liabilities -10160 0

Long Term Loans 1911662 1973151

foreign cuurency loans 907554 871651

local currency loans 1183006 1165195

current portion shown under current liabilities -178898 -63695

Deferred Liabilities 1236845 975490

Liabilities Against Assets Suject To Finance Lease 9536 274644

Long term deoposits 2320 6647

From distributers 1000 640

From suppliers 657 1000

From employees 663 5007

CONTINGENCIES AND COMMITMENTS 0 0

SHARE CAPITAL AND RESERVES 545243 1547466

Authorized Capital 2500000 2500000

200000000 ordinary shares @ Rs.10/- 2000000 2000000

50000000 preference shares @ Rs.10/- 500000 500000Issued, Subscribed And Paid-up 954371 1547466

Capital

ordinary shares @Rs.10/-each fully 0 0

paid in cash

Accumulated Loss -409128 0

DEFERRED INCOME 0 702957

Liabilities 3729407 5340449

TOTAL LIABILTIE & equity 4274650 6887915

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000')

2007 2008 2009

617732 966292 787308104752 305492 139183

70684 304661 76103

54 54 54

1167 777 768

32847 0 62258

96757 150294 68691

23609 16480 7936

12457 13978 35751

44196 110600 13068

16495 9236 11936

12490 29717 40124

27875 64203 1121171514 1612 145723055 59371 72315

1747 1385 2607

2572 2915 2059

4203 18717 56925

3634 32847 0

10899 3507 10724

600 2350 18490

950 641 227

1756 229 19628

375858 416586 427193

105450 112886 126543248642 282275 276506

13233 14371 8404

8533 7054 15740

7787264 7644205 9685281

7683391 7510640 9570865

7075726 7509855 9508720

607665 785 62145

5064 7248 6415

98809 126317 108001

35730 35730 35741

61766 89267 70977

1313 1320 12830 0 0

0 0 0

0 0 0

0 0 0

0 0 0

1398304 2073259 2987709

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354170 99720 378836

354170 0 0

0 0 0

0 99720 378836

133585 0 0

910549 1973539 2608873298260 283428 29594

42463 72176 110932

569826 1617935 2468347

0 0 0

4080287 3866811 2939564

945660 144100 91965

945660 144100 91965

0 0 0

1812063 2293709 1701777

818255 674802 771469

1347978 2190993 1898619

-354170 -572086 -968311

862867 937178 906186

454070 486577 237795

5627 5247 1841

220 600 300

400 635 316

5007 4012 1225

0 0 0

2926405 2670427 4545316

2500000 2500000 2500000

2000000 2000000 2000000

500000 500000 5000001624839 1698148 1995324

0 0 0

0 0 0

1301566 972279 2549992

5478591 5940070 5927273

8404996 8610497 10472589

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KOHAT CEMENT COMPANY LTDProfit And Loss Account

For The Year Ended On…. Rupees in (''000'')

Trend Analysis

2005 2006 2007

GROSS SALES 100 143 212

Local 100 125 192

Export 100 6785 7446

LESS: EXCISE DUTY 100 116 150

SALES TAX 100 125 192

COMMISION 100 98 105

FREIGHT AND HANDLING CHARGES 0 0 0

NET SALES 100 152 233

COST OF SALES 100 147 197Raw material cosumed 100 145 199

Paking material consumed 100 134 164

Fuel and power 100 171 226

Stores and spares consumed 100 117 146

Salaries,wages and benefits 100 102 184

Insurance 100 109 131

Repaires and maintenance 100 131 167

Depriciation 100 128 150

Amortization of deferred cost 0 0 0

Other manufacturing expenses 100 88 102

TOTAL 100 147 192

WOR IN PROCESS 100 -39 18Opening 100 85 163

Closing 100 107 189

COST OF GOODS MANUFACTURED 100 4 -692

Finshed goods 0 0 0

Opening 100 133 334

Closing 100 101 79

GROSS PROFIT 100 165 318

Selling, adminstrative and gernal expense 100 114 131

Salaries,wages and benefits 100 106 125

Insuranse 100 120 124

Rent,rates and taxes 100 128 158

Depreciation 100 85 104

Entertainment 100 94 130

Repair and maintenance 100 94 76

Utilities 100 101 105

Others 100 154 174

FINANCIAL CHARGES 100 103 168

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Mark-up on 100 102 179

Interest on 100 103 170

Fee,charges and commission 100 105 101

OTHER INCOME / CHARGES -NET 100 -45 23

TOTAL 100 164 200

PROFIT / (LOSS) BEFORE TAXATION 100 165 392TAXATION 100 33 138

CURRENT 100 -169 -265

DEFERRED 100 26 124

PROFIT / (LOSS) AFTER TAXATION 100 78 159

ACCUMULATED LOSS BROUGHT FORWARD 100 0 0

ACCUMULATED LOSS CARRIED FORWARD 100 0 0

BASIC EARNINGS / (LOSS) PER SHARE 100 0 0

DILUTED EARNINGS /(LOSS) PER SHARE 100 61 110

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2008 2009

237 337

219 264

6946 27209

239 289

219 262

223 226

0 0

241 367

301 464364 460

294 432

359 611

337 399

232 215

218 226

362 402

199 232

0 0

169 151

302 453

-1555 2285160 400

473 56

-139 52

0 0

105 59

44 57

96 133

226 645

161 177

195 222

147 116

137 157

67 62

93 72

124 113

558 2749

312 352

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357 424

172 182

232 164

8 -214

375 733

-77 -24149 212

273 366

57 217

-22 -42

0 0

0 0

0 0

-13 -25

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KOHAT CEMENT COMPANY LTDBALANCE SHEET

AS ENDED ON DEC 31…… ( Rupees in '000')

Trend anaylsis

2005 2006 2007CURRENT ASSETS 100 117.13 156.38

Cash and Bank Balance 100 47.12 281.6

Current accounts 100 46 191.61

Deposit accounts 100 81.82 81.82

Cash in hand 100 207.82 480.25

Others 0 0 13517.28

Stock in trade 100 111.84 190.43

Raw material 100 124.52 856.33

Packing material 100 193.71 337.68

Work in process 100 107.16 189.03

Finished goods 100 101 78.61

Trade Debts 100 76.66 50.54

loans,Deposits,Payments,Advances 100 300.1 101.69

Loans-unsecured,considerd goods 100 96.64 115.66

Advances-Unsecured 100 320.66 101.78

Executives 100 81.34 76.52

Employees 100 199.09 211.86

Suppliers and Contractors 100 1224.69 371.95

Excise Duty 100 888.3 76.36

tax-net 100 92.32 82.16

Deposit's 100 77.72 77.72Prepayments 100 59.38 45.67

Other recievables 100 1087.02 292.18

Stores,spares andloose tools 100 112.65 147.46

Stores 100 74.26 111.04

Spares 100 177.85 210.68

Loose tools 100 126.71 647.41

Spares in transit 100 10.32 21.41

NONE CURRENT ASSETS 100 165.61 200.72

Tangible fixed assets 100 174.49 210.08

Operating fixed assets 100 123.11 198.05

Capital work in process 100 2344.75 718.31Long term loans 100 112.79 85.02

Long term deoposits 100 155.5 417.71

Utilities 100 100 286.3

Leasing companies 100 223.69 596.83

Others 100 139.59 158.96

Deferred tax asset-net 100 0 0

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available tax losses 100 0 0

tax depreciation 100 0 0

retiement benefits 100 0 0

others 100 0 0

TOTAL ASSETS 100 161.13 196.62

CURRENT LIABILITIES 100 258.28 364.98Current maturities of redeemable capital and loans 100 33.69 187.33

Redeemable capital 100 626.92 3485.93

Foreign Currency Loans 100 0 0

Local Currency loans 100 0 0

Current portion of liabilities against assets subject to finance le 100 211.89 2158.43

Creditors,accrued and other liabilities 100 490.8 489.62

Creditors 100 1858.59 1134.15

accrued expense 100 339.81 192.41

Other liabilities 100 253.6 414.11

Unclaimed divedend 100 0 0

NON-CURRENT LIABILITIES 100 109.01 121.93

Redeemable Capital 100 224.84 508.63

long term loans 100 213.19 482.28

current maturity under liabilities 100 0 0

Long Term Loans 100 103.22 94.79

foreign cuurency loans 100 96.04 90.16

local currency loans 100 98.49 113.95

current portion shown under current liabilities 100 35.6 197.97

Deferred Liabilities 100 78.87 69.76

Liabilities Against Assets Suject To Finance Lease 100 2880.08 4761.64

Long term deoposits 100 286.51 242.54From distributers 100 64 22

From suppliers 100 152.21 60.88

From employees 100 755.2 755.2

CONTINGENCIES AND COMMITMENTS 0 0 0

SHARE CAPITAL AND RESERVES 100 283.81 536.72

Authorized Capital 100 100 100

200000000 ordinary shares @ Rs.10/-each 100 100 100

50000000 prefrence shares @ Rs.10/-each 100 100 100

Issued,Subscribed And Paid-up Capital 100 162.15 170.25

ordinary shares @Rs.10/-each fully paid in cash 0 0 0

Acumalated Loss 100 0 0DEFERRED INCOME 0 0 0

TOTAL LIABILTIES 100 161.13 196.62

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2008 2009244.62 199.31

821.24 374.16

825.86 206.3

81.82 81.82

319.75 316.05

0 25620.58

295.8 135.19

597.75 287.85

378.91 969.12

473.05 55.89

44.02 56.88

120.25 162.37

234.21 408.99

123.15 111.31

262.11 319.26

60.67 114.19

240.12 169.6

1656.37 5037.61

690.21 0

26.44 80.84

304.4 2395.0830.82 10.91

38.1 3265.89

163.44 167.61

118.87 133.25

239.18 234.29

703.08 411.15

17.7 39.5

197.03 249.64

205.36 261.69

210.2 266.15

0.93 73.46121.69 107.71

534 456.57

286.3 286.39

862.57 685.83

159.81 155.33

0 0

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0 0

0 0

0 0

0 0

201.43 244.99

541.15 779.8352.75 200.38

0 0

0 0

305.69 1161.33

0 0

1061.22 1402.85

1077.75 112.53

327.05 502.66

1175.81 1793.83

0 0

115.56 87.85

77.51 49.46

73.49 46.9

0 0

119.99 89.02

74.35 85.01

185.21 160.49

319.78 541.26

75.77 73.27

5102.53 2493.66

226.16 79.3560 30

96.65 48.1

605.13 184.77

0 0

489.77 833.63

100 100

100 100

100 100

177.93 209.07

0 0

0 00 0

201.43 244.99

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KOHAT CEMENT COMPANY LTDProfit And Loss Account

For The Year Ended On…. Rupees in (''000'')

Percentage Change

2005 & 2006 2006 & 2007

GROSS SALES 42.99% 48.34%

Local 24.77% 54.09%

Export 6684.84% 9.74%

LESS: EXCISE DUTY 15.59% 29.50%

SALES TAX 25.04% 53.70%

COMMISION -1.82% 6.76%

FREIGHT AND HANDLING CHARGES 0.00% -22.55%

NET SALES 51.92% 53.07%

COST OF SALES 46.57% 34.49%

Raw material cosumed 45.17% 37.11%

Paking material consumed 34.12% 21.99%

Fuel and power 70.90% 32.10%

Stores and spares consumed 17.01% 24.62%

Salaries,wages and benefits 2.19% 79.91%

Insurance 8.63% 20.93%

Repaires and maintenance 31.47% 27.11%

Depriciation 27.72% 17.63%

Amortization of deferred cost 0.00% 0.00%

Other manufacturing expenses -11.97% 16.04%

TOTAL 46.75% 31.16%

WOR IN PROCESS -139.19% -146.68%

Opening -15.44% 92.37%

Closing 7.16% 76.41%

COST OF GOODS MANUFACTURED -95.98% -17310.00%

Finshed goods 0.00% 0.00%

Opening 33.15% 150.85%

Closing 1.00% -22.17%

GROSS PROFIT 64.85% 93.07%

Selling, adminstrative and gernal expense 13.64% 15.54%

Salaries,wages and benefits 5.67% 17.90%

Insuranse 20.08% 3.09%

Rent,rates and taxes 28.24% 22.99%Depreciation -14.77% 21.53%

Entertainment -5.68% 37.42%

Repair and maintenance -5.52% -19.18%

Utilities 1.04% 3.94%

Others 53.62% 13.17%

FINANCIAL CHARGES 2.83% 63.11%

Mark-up on 2.50% 74.91%

Interest on 2.64% 65.54%

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Fee,charges and commission 4.93% -3.76%

OTHER INCOME / CHARGES -NET -144.85% -150.89%

TOTAL 64.03% 22.20%

PROFIT / (LOSS) BEFORE TAXATION 65.36% 136.87%

TAXATION -66.77% 315.80%

CURRENT -269.25% 56.37%DEFERRED -73.80% 374.01%

PROFIT / (LOSS) AFTER TAXATION -21.73% 103.55%

ACCUMULATED LOSS BROUGHT FORWAR -100.00% 0.00%

ACCUMULATED LOSS CARRIED FORWARD -100.00% 0.00%

BASIC EARNINGS / (LOSS) PER SHARE -100.00%

DILUTED EARNINGS /(LOSS) PER SHARE -38.52% 78.54%

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2007 & 2008 2008 & 2009

11.92% 42.14%

13.90% 20.43%

-6.71% 291.71%

59.45% 21.03%

13.90% 19.62%

112.73% 1.47%

-100.00% 0.00%

3.56% 52.37%

52.46% 54.27%

82.99% 26.17%

79.51% 46.96%

59.17% 69.96%

130.78% 18.55%

26.15% -7.44%

65.88% 3.48%

116.64% 11.18%

32.74% 16.37%

0.00% 0.00%

65.63% -10.46%

56.72% 50.01%

-8602.43% -246.88%

-1.74% 150.25%

150.25% -88.18%

-79.91% -137.20%

0.00% 0.00%

-68.66% -44.01%

-44.01% 29.25%

-69.76% 38.03%

72.48% 184.73%

29.22% 9.93%

57.54% 14.03%

-6.61% -20.96%32.24% 14.92%

-48.10% -7.44%

22.02% -22.85%

17.77% -8.70%

220.85% 392.79%

85.76% 12.94%

99.36% 18.71%

1.23% 5.72%

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130.10% -29.50%

-63.66% -2685.70%

87.03% 95.42%

-119.77% 211.22%

-64.62% 333.27%

-203.28% 33.96%-54.36% 283.13%

-113.83% 92.49%

0.00% 0.00%

0.00% 0.00%

-112.02% 86.00%

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KOHAT CEMENT COMPANY LIMITED

BALANCE SHEET

Percentage Change2005 & 2006 2006 & 2007 2007 & 2008

CURRENT ASSETS 17.13% 33.51% 56.43%Cash and Bank Balance -52.88% 497.59% 191.63%

Current accounts -54.00% 316.52% 331.02%

Deposit accounts -18.18% 0.00% 0.00%

Cash in hand 107.82% 131.09% -33.42%

Others 0.00% 0.00% -100.00%

Stock in trade 11.84% 70.27% 55.33%

Raw material 24.52% 587.71% -30.20%

Packing material 93.71% 74.32% 12.21%

Work in process 7.16% 76.41% 150.25%

Finished goods 1.00% -22.17% -44.01%

Trade Debts -23.34% -34.07% 137.93%

loans,Deposits,Payments,Advances 200.10% -66.12% 130.32%Loans-unsecured,considerd goods -3.36% 19.68% 6.47%

Advances-Unsecured 220.66% -68.26% 157.52%

Executives -18.66% -5.92% -20.72%

Employees 99.09% 6.41% 13.34%

Suppliers and Contractors 1124.69% -69.63% 345.32%

Excise Duty 788.30% -91.40% 803.88%

tax-net -7.68% -11.00% -67.82%

Deposit's -22.28% 0.00% 291.67%

Prepayments -40.63% -23.08% -32.53%

Other recievables 987.02% -73.12% -86.96%

Stores,spares andloose tools 12.65% 30.91% 10.84%

Stores -25.74% 49.53% 7.05%Spares 77.85% 18.46% 13.53%

Loose tools 26.71% 410.93% 8.60%

Spares in transit -89.68% 107.57% -17.33%

NONE CURRENT ASSETS 65.61% 21.20% -1.84%

Tangible fixed assets 74.49% 20.40% -2.25%

Operating fixed assets 23.11% 60.88% 6.14%

Capital work in process 2244.75% -69.37% -99.87%

Long term loans 12.79% -24.62% 43.13%

Long term deoposits 55.50% 168.63% 27.84%

Utilities 0.00% 186.30% 0.00%

Leasing companies 123.69% 166.81% 44.52%

Others 39.59% 13.88% 0.53%Deferred tax asset-net -100.00% 0.00% 0.00%

available tax losses -100.00% 0.00% 0.00%

tax depreciation -100.00% 0.00% 0.00%

retiement benefits -100.00% 0.00% 0.00%

others -100.00% 0.00% 0.00%

TOTAL ASSETS 61.13% 22.03% 2.44%

CURRENT LIABILITIES 158.28% 41.31% 48.27%

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2008 & 2009

-18.52%-54.44%

-75.02%

0.00%

-1.16%

0.00%

-54.30%

-51.84%

155.77%

-88.18%

29.23%

35.02%

74.63%-9.62%

21.80%

88.23%

-29.37%

204.14%

-100.00%

205.79%

686.81%

-64.59%

8471.18%

2.55%

12.10%-2.04%

-41.52%

123.14%

26.70%

27.43%

26.62%

7816.56%

-11.49%

-14.50%

0.03%

-20.49%

-2.80%0.00%

0.00%

0.00%

0.00%

0.00%

21.63%

44.11%

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279.90%

0.00%

0.00%

279.90%

0.00%

32.19%

-89.56%53.70%

52.56%

0.00%

-23.98%

-36.18%

-36.18%

0.00%

-25.81%

14.33%

-13.34%

69.26%

-3.31%-51.13%

-64.91%

-50.00%

-50.24%

-69.47%

0.00%

70.21%

0.00%

0.00%

0.00%

17.50%0.00%

0.00%

162.27%

21.63%

8/8/2019 Project 164


KOHAT CEMENT COMPANY LTD

Ratio analysis

2005 2006 2007 2008 2009net working capital 11892 -526856 -780572 -1106967 -2200401

current ratio 1.03 0.47 0.44 0.47 0.26

acid ratio 0.9 0.41 0.37 0.39 0.24Cash Ratio 0.1 0.02 0.07 0.15 0.05

Debt/Equity Ratio 683.99% 345.11% 187.21% 222.44% 130.40%

Debt to Tangible Net worth 683.99% 345.11% 187.21% 222.44% 130.40%

Day's sales in account Receivable 7.56 14.94 3.31 7.36 8.43

Account Receivable turnover 48.25 24.43 110.35 49.61 43.29

Day's sales in inventory -8.18 -5.64 -3.26 -1.2 -1

Inventory turnover 18.42 24.14 19.07 18.72 63.18

Net profit margin 32.07% 16.53% 21.98% -2.94% -3.71%

Total assets turnover 0.31 0.29 0.37 0.37 0.46

Return on assets 9.93% 4.82% 8.04% -1.09% -1.72%

Operating income margin -4.17% 1.23% -0.41% -0.14% 2.44%

Operating assets turnover 0.37 0.46 0.43 0.42 0.51Return on operating assets 11.88% 7.55% 9.55% -1.24% -1.89%

Sales to fixed assets 0.36 0.31 0.4 0.42 0.51

Return on investment 0.15 0.1 0.08 0.07 0.06

Return on total equity 9.93% 6.16% 5.05% 4.93% 4.05%

Gross profit margin 29.23% 31.72% 40.01% 11.68% 10.58%

Price/earning ratio 1.17 1.91 1.07 -8.9 -4.78

Percentage of retained earning 1 1 1 1 1

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Li uidit Ratios

2: Current Ratio =Current Assets/Current Li

Year 2005 2006 2007

Current Assets 395013 462683 617732

Current Liabilities 383121 989539 1398304

Ratio 1.03 0.47 0.44

3: Quick Ratio=Current Assets -Inventory/Curre

Year 2005 2006 2007

Current Assets 395013 462683 617732

Inventroy 50809 56825 96757

Current Liabillities 383121 989539 1398304

Ratio 0.9 0.41 0.37

6: Cash Ratio =Cash +S.T Investment/Curren

Year 2005 2006 2007

Cash 37199 17529 104752

Marketable securities

Current liabilities 383121 989539 1398304

Cash ratio (times) 0.1 0.02 0.07

1: Net working Capital=Current Assets-Curren

Year 2005 2006 2007

Current Assets 395013 462683 617732

Current Liabilities 383121 989539 1398304Net working capital 11892 -526856 -780572

Activity Ratios10: Inventory Turnover Ratio =Cost of sales/

Year 2005 2006 2007

Inventory 50809 56825 96757

Cost of goods sold 936066 1372012 1845284

18.42 24.14 19.07

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15: Operating Asset Turnover

Year 2005 2006 2007Net sales 1322728 2009430 3075922

Operating assets 3572688 4398164 7075726

operating asset turnover 0.37 0.46 0.43

12: Total Asset Turnover Ratio =Sales/Tota

Year 2005 2006 2007

Net sales 1322728 2009430 3075922Average total assets 4274650 6887915 8404996

Total asset turnover 0.31 0.29 0.37

11: Net profit margin=(Net Profit/Net sale

Year 2005 2006 2007

Net income 424265 332089 675982

Net sales 1322728 2009430 3075922

Net profit margin 32.07% 16.53% 21.98%

16: Return on Operating Assets

Year 2005 2006 2007

Net income 424265 332089 675982

Operating assets 3572688 4398164 7075726

Return on operating assets 11.88% 7.55% 9.55%

22: Percentage Of Retained Earnin

Year 2005 2006 2007

Net income 424265 332089 675982

Dividend 1905 0 0

percentage of retained earning 1 1 1

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Financial Ratios

iablities

5. De2008 2009

966292 787308 Year 2005

2073259 2987709 Total liabilities 4274650

0.47 0.26 Shareholders equity 545243

Intangible assets

Debt to tangible net worth (%) 683.99%

nt Liabilities

2008 2009

966292 787308 4:150294 68691 Year 2005

2073259 2987709 Total liabilities 4274650

0.39 0.24 Shareholder’s equity 545243

Debt/equity ratio (%) 683.99%

Liabilities

7: Day's s2008 2009

305492 139183

Year 2005

2073259 2987709 Average account receivable 27413

0.15 0.05 Net sales 1322728

Day's sales in account receivable (Days 7.56

Liabilities

2008 2009

8: Ac966292 787308

2073259 2987709 Year 2005

-1106967 -2200401 Net sales 1322728

Average account receivable 27413

Account receivable turnover (Times) 48.25

Inventory9:

2008 2009 Year 2005

150294 68691 Ending inventory -20983

2813309 4340151 Cost of goods sold 936066

18.72 83.18 Days sales in inventory -8.18

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Year 2005

Net income 424265

Total assets 4274650return on assets 9.93%

2008 20093185418 4853764

14:7509855 9508720

0.42 0.51 Year 2005

Operating income -55208

Net sales 1322728

operating income margin -4.17%

l Assets

17

2008 2009 Year 2005

3185418 4853764 Net sales 1322728861097 10172589 Total fixed assets 3657284

0.37 0.46 Sales to fixed assets 0.36

)*100

2008 2009

-93494 -179971 18:

3185418 4853764 Year 2005

-2.94% -3.71% Net income 424265

Preferred stock dividend 0

Total equity 4274650

Return on total equity (%) 9.93%

2008 2009

-93494 -179971

7509855 9508720 1

-1.24% -1.89% Year 2005

Gross profit 386662

Net sales 1322728Gross profit margin 29.23%

2008 2009

-93494 -179971

0 0

20: E1 1

Year 2005

Net income 424265

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Number of common share outstanding 0

Earning per common share 8

2

Year 2005

Market price per common share

Earning per share 3.79

Price/earning ratio 1.17

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t to tangible net worth

2006 2007 2008 2009

6887915 8404996 8610497 10472589

1547466 2926405 2670427 45453160 0 0 0

345.11% 187.11% 222.44% 130.40%

Debt/equity Ratio2006 2007 2008 2009

6887915 8404996 8610497 10472589

1547466 2926405 2670427 4545316

345.11% 187.11% 222.44% 130.40%

ales in account receivable2006 2007 2008 2009

82266 27875 64203 112117

2009430 3075922 3185418 4853764

14.94 3.31 7.36 8.43

count receivable turnover

2006 2007 2008 2009

2009430 3075922 3185418 4853764

82266 27875 64203 112117

24.43 110.35 49.01 43.29

ays sales in inventory

2006 2007 2008 2009

-21193 -16495 -9235 -11936

1372012 1845284 2813309 4340151

-5.64 -3.26 -1.2 -1

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3: Return on Assets

2006 2007 2008 2009

332089 675982 -93494 -179971

6887915 8404996 861097 101725894.82% 8.04% -1.09% -1.72%

perating Income Margin

2006 2007 2008 2009

24759 -12601 -4579 118399

2009430 3075922 3185418 4853764

1.23% -0.41% -0.14% 2.44%

: Sales to Fixed Asset

2006 2007 2008 2009

2009430 3075922 3185418 48537646381731 7683391 7510640 9570865

0.31 0.4 0.42 0.51

Return On Total Equity

2006 2007 2008 2009

332089 675982 -93494 -179971

0 0 0 0

6887915 8404996 8610497 10472589

6.16% 5.05% 4.93% 4.05%

: Gross Profit Margin

2006 2007 2008 2009

637418 1230638 372109 513613

2009430 3075922 3185418 485376431.72% 40.01% 11.68% 10.58%

arning Per Common Share

2006 2007 2008 2009

332089 675982 -93494 -179971

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Debt Ratios

18) Debt to Equity Ratio =Total debts/Shareholder's funds

Year 2005 2006 2007 2008

Total Debts 3,729,407 4,637,492 5,478,591 5,940,070

Share Holders' Funds 545,243 1,547,466 2,926,405 2,670,427

Ratio 6.84 3.00 1.87 2.22

19) Debt Ratio =Total Liabilities/Total Assets

Year 2005 2006 2007 2008Total Liabilities 1,522,549 1,906,904 2,046,868 2,270,734

Total Assets 8,260,511 9,443,822 10,164,509 10,625,625

Ratio 18.43% 20.19% 20.14% 21.37%

Markets Ratios

20) Price/Earning Ratio =Market Price Per Share Of Common Stock/Earning Per Share

Year 2005 2006 2007 2008

Market Price Per Share Of Common Stock 186.30 157.90 192.40 75.90Earning Per Share 2.12 1.66 3.38 -0.47

Ratio 87.82 95.09 56.92 -162.36

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Financial Ratios

Liqui

1)Current Ratio =Curr

2009 Year 2005

5,927,273 Current Assets 395,013

4,545,316 Current Liabilities 383,121

1.30 Ratio 1.03

2)Quick Ratio=Current As

2009 Year 20052,903,755 Current Assets 395,013

11,007,854 Inventroy 50,809

26.38% Current Liabillities 383,121

Ratio 0.90

3 ) Cash Ratio =Cash +S.

Year 2005

Cash and Bank 37,199

S.T Investments 0

2009 Current Liabilities 383,121

109.30 Ratio 0.10-0.90

-121.464 ) Net working Capital=C

Year 2005

Current Assets 395,013

Current Liabilities 383,121

Net working capital 11,892.00

Activ

5) Inventory Turnover

Year 2005

Cost of sales 936,066

Inventory 50,809

Ratio 18.42

>>Average age of Inventory (

Average age of Inventory 20

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6) Debtors Turnover Rat

Year 2005Sales 1,322,728

Account Receivables 24,712

Ratio 53.53

>>Average Collection Pe

Average Collection Period 7

7) Creditors Turnover Rati

Year 2005Purchasis 158,082

Account Payables 26,298

Ratio 6.01

>>Average Payment Peri

Average Payment Period 61

8) Opertin

Year 2005

Operting Cycle 27

9) Total Asset Turnov

Year 2005

Sales 1,322,728

Total Assets 4,274,650

Ratio 0.31

10 ) Fixed Asset Turnove

Year 2005

Net sales 1,322,728

Fixed Assets 3,657,284

Ratio 0.36

Profita

11 )Gross profit rati

Year 2005

Gross profit 386,662

Sales 1,322,728

Ratio 29.23%

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12 ) Operating expense ratio

Year 2005

Operating expense 148,444

Net sales 1,322,728

Ratio 11.22%

13 )Net profit margi

Year 2005

Net Profit 424,265

Net Sales 1,322,728

Ratio 32.07%

14 ) Operating Profit Margi

Year 2005

Operating Profit 238,218

Net Sales 1,322,728

Ratio 18.01%

15 ) Earning Per Share=(Earning available for com

Year 2005

Earning available for common stockholders 424,265

No of shares of common stockholders 200,000Ratio 2.12

16 ) Return on Investment=(Earning av

Year 2005


Total Assets 4,274,650

Ratio 9.93%

17 ) Return on Common Equity=(Earning avail

Year 2005


Common stock Equity 545,243

Ratio 77.81%

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ity Ratios

ent Assets/Current Liablities

2006 2007 2008 2009

462,683 617,732 966,292 787,308

989,539 1,398,304 2,073,259 2,987,709

0.47 0.44 0.47 0.26

sets -Inventory/Current Liabilities

2006 2007 2008 2009462,683 617,732 966,292 787,308

56,825 96,757 150,294 68,691

989,539 1,398,304 2,073,259 2,987,709

0.41 0.37 0.39 0.24

T Investment/Current Liabilities

2006 2007 2008 2009

17,529 104,752 305,492 139,183

0 0 0 0

989,539 1,398,304 2,073,259 2,987,709

0.02 0.07 0.15 0.05

urrent Assets-Current Liabilities

2006 2007 2008 2009

462,683 617,732 966,292 787,308

1,703,806 1,761,218 1,937,662 2,524,426

-1,241,123.00 -1,143,486.00 -971,370.00 -1,737,118.00

ity Ratios

atio =Cost of sales/Inventory

2006 2007 2008 2009

1,372,012 1,845,284 2,813,309 4,340,151

56,825 96,757 150,294 68,691

24.14 19.07 18.72 63.18

Days)=(Inventory/Cost of sales)*365

15 19 19 6

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io = Sales/ Average receivables

2006 2007 2008 20092,009,430 3,075,922 3,185,418 4,853,764

18,944 12,490 29,717 40,124

106.07 246.27 107.19 120.97

riod =365/Debtor Turnover Ratio

3 1 3 3

o = Purchasis/ Average payables

2006 2007 2008 2009220,120 284,611 515,976 702,786

80,585 78,590 67,500 29,594

2.73 3.62 7.64 23.75

d =365/Creditors Turnover Ratio

134 101 48 15

Cycle= AAI+ACP

2006 2007 2008 2009

19 21 23 9

er Ratio =Sales/Total Assets

2006 2007 2008 2009

2,009,430 3,075,922 3,185,418 4,853,764

6,887,915 8,404,996 8,610,497 10,472,589

0.29 0.37 0.37 0.46

r Ratio =Net sales/Fixed Assets

2006 2007 2008 2009

2,009,430 3,075,922 3,185,418 4,853,764

6,381,731 7,683,391 7,510,640 9,570,865

0.31 0.40 0.42 0.51

bilty Ratios

=( Gross profit/Sales)*100

2006 2007 2008 2009

637,418 1,230,638 372,109 513,613

2,009,430 3,075,922 3,185,418 4,853,764

31.72% 40.01% 11.68% 10.58%

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=(Operating expense/Net sales)*100

2006 2007 2008 2009

243,499 297,567 556,550 1,087,627

2,009,430 3,075,922 3,185,418 4,853,764

12.12% 9.67% 17.47% 22.41%

=(Net Profit/Net sales)*100

2006 2007 2008 2009

332,089 675,982 -93,494 -179,971

2,009,430 3,075,922 3,185,418 4,853,764

16.53% 21.98% -2.94% -3.71%

n=(Operating Profit/Net sales)*100

2006 2007 2008 2009

393,919 933,071 -184,441 -574,014

2,009,430 3,075,922 3,185,418 4,853,764

19.60% 30.33% -5.79% -11.83%

on stockholders/No of shares of common stockholders)

2006 2007 2008 2009

332,089 675,982 -93,494 -179,971

200,000 200,000 200,000 200,0001.66 3.38 -0.47 -0.90

ilable for common stockholders/Total Assets)

2006 2007 2008 2009

332,089 675,982 -93,494 -179,971

6,887,915 8,404,996 8,610,497 10,472,589

4.82% 8.04% -1.09% -1.72%

ble for common stockholders/Common Stock Equity)

2006 2007 2008 2009

332,089 675,982 -93,494 -179,971

1,547,466 2,926,405 2,670,427 4,545,316

21.46% 23.10% -3.50% -3.96%

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ar s

2005 2006 2007 2008 2009

0.00

0.20

0.40

0.60

0.80

1.00

1.20

Liquidity Ratio

Row 12

Year

Ratio

2005 2

0.00

0.20

0.40

0.60

0.80

1.00

Ratio

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06 2007 2008 2009

iquidity Ratio

Row 22

Year

2005 2006 2007 2008 2009

0.00

0.02

0.04

0.06

0.08

0.10

0.12

0.14

0.16

Liquidity RatioRow 30

Year

Ratio

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2005 2006 2007 2008 2009

-2,000,000.00

-1,500,000.00

-1,000,000.00

-500,000.00

0.00

500,000.00

Liquidity Ratio

Row 37

year

Rupees'000'

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A c t i vi t yR a t i o

2005 2006 2007 2008 20090

5

10

15

20

25

Activity RatioRow 50

Days

0

1

2

3

4

5

6

7

8

Days

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005 2006 2007 2008 2009

Activity Ratio

Row 61

Year

2005 2006 2007 2008 2

0

20

40

60

80

100

120

140

160

Activity Ratio

Year

Days

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2005 2006 2007 2008 2009

0

5

10

15

20

25

30

Activity Ratio

Row 76

Year

Days

009

Row 72

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2005 2006 2007 2008 2009

0.00

0.10

0.20

0.30

0.40

0.50Activity Ratio

Row 83

Year

Ratio

2005 2006 2007

0.00

0.10

0.20

0.30

0.40

0.50

0.60

Activity

Year

Ratio(Times)

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P r of i t a b i l t i yR a t i o s

2008 2009

Ratio

Row 90

2005 2006 2007 2008

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

Profitability Ratio

Row 99

Year

Ratio(%)

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2009

2005 2006 2007 2008 2009

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

Profitability Ratio

Row 114

Year

Ratio(%)

-20.0

-10.0

0.0

10.0

20.0

30.0

40.0

Ratio(%)

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2005 2006 2007 2008 2009

%

%

%

%

%

%

%

Profitability Ratio

2005 2006 2007

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%Profitability Ratio

Ratio(%)

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2008 2009

Row 106

2005 2006 2007 2008 2009

-2.00

-1.00

0.00

1.00

2.00

3.00

4.00

Profitability Share

Row 130

Ratio(Rs.)

Ratio(%)

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2005 2006 2007 2008 2009

-4.00%

-2.00%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

Profitability RatioRow 138

Ratio(%)

2005 2006

-10.00%0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

Profitabi

Ratio(%)

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D e b t R a t i o s

2005 2006 2007 2008

0.00

1.00

2.00

3.00

4.00

5.00

6.00

7.00

8.00

Debt Ratio

Year

Ratio(Times)

2007 2008 2009

ility RatioRow 146

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2009

Row 12

2005 2006 2007 2008 2009

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

Debt Ratio

Row 21

Ratio(%)

project 164

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