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Rashdi Final

Rashdi Final



|Views: 210 |Likes:
Published by ayesha00
Attock Refinary Security Analysis report
Attock Refinary Security Analysis report

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Published by: ayesha00 on Aug 07, 2009
Copyright:Attribution Non-commercial


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We have clear concepts of finance as a subject but did not know the practical applications ofits concepts. This project help me to understand finance properly the project focuses oneconomic analysis ,GDP growth rate, interest rate, analyze government policies, politicalsystem, industry position and capital structure of the company. We found this project veryhelpful for us to clearly understand the trends of the industry. The security analysis courseis a good step in mastering the skills of finance. It gives a good exposure about differentinvestment and financing decisions and provides a strong base for further finance course.We faced somewhat difficulty while calculating the three year projections for the company.This project is part of our course titled security analysis and portfolio management. We areassigned a company which is listed on Karachi stock exchange and asked to do a completeratio analysis, horizontal and vertical analysis, economic analysis, find out the beta,expected rate of return, CAPM and future forecasting from 2009-11.We are assigned Attok Refinery Company limited for project. We have done economicanalysis of the country in which we are going to invest to check out whether the country ispolitically stable and government policies regarding particular industry are appropriateand workable. We have done ratio analysis which determines the solvency, liquidity andprofitability of the company and makes it easy for the investor to judge whether to invest ina particular security or not. We have also done future forecasting through which investorcan judge the future earnings of the company and determine expected returns oninvestment. We find out beta of the company in project to determine the risk factor insecurity.
Group Signs:
First of all we would like to capitalize on this opportunity and thank ALLAH the Almightyfor his guidance that he bestowed upon our skimpy souls to help us carry through theendeavors of this report as well as our lives.We would like to express our heartiest gratitude to security analysis teacher Prof. HafizTauseef Ahmed for his suggestions and help whenever we needed. We as a group have aSynonymous feeling that this report really is the summation of all the work that has comeup during the class and we really had a thorough understanding of the mechanics of ourproject.We owe a lot to our parents who made untiring efforts in providing us all the support andmental help that we needed. They are a constant source of motivation and love for us!
1Executive Summary2Introduction3Economic Analysis (Objective Approach)3.1Main Cities and Their Population (2009 estimation)4Economic Analysis (Subjective Approach)4.1Political System5Income Statement (Vertical Analysis)6Income Statement (Horizontal Analysis)7Balance Sheet (Vertical Analysis)8Balance Sheet (Horizontal Analysis)9Projections (Income Statement)10Projections (Balance Sheet)11Ratio Analysis12Notes13Beta, CAPM, Required & Expected Return14Bibliography

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