Group Members

Shurahbil Bin Nasim Khan 83805171

Rafey Aslam Khan 83805022

Aaaron Alexander 83705118

Data of Textile mills for the year 2009, 2010

Balance Sheet:
KTM DTM ADM Nishat
2010 2009 2010 2009 2010 2009 2010 2009
Equity and Liabilities:

Authorized Share Capital 1950000 1750000

Ordinary shares 3700000 1700000 500000 500000
Preference shares 300000 300000
4000000 2000000
Issued, subscribed, paid up share capital 1455262 1455262 185303.21 185303.2 840000 840000 1654418 1240813.83
reserves 1906006 1604079 1277246 917366.8 2007793 1841257 2778092 1861657.1
total equity 3361268 3059341 1462549.2 1102670 2847793 2681257 4432511 3102470.93
surplus on revaluation of property 3673825 1263592

Non Current liabilities

Long term financing 1628067 1918571 143393.76 64245.68 348293 471430 2729939 3181905.32
Liabilities against assets subject to finance lease 67005 100919 500000
lease finance advance 35922 16307.416 19496.46
Gratuity 49728.712 52008.16
deffered tax 157996 134667 53967.522 48397.23 24747 19706 1552.252
1853068 2190079 263397.41 684147.5 373040 491136 2729939 3183457.57

Current Liabilities
Trade and other payables 1040257 849755 243632.21 182032.8 230549 257118 662321.8 454523.239
accrued mark up 289987 185259 44455.705 27681.24 40666 23707 216443.3 171523.906
short term borrowings 6070435 4810471 1050725.1 1052566 1463296 1027269 4667798 3500578
current portion of non current liabilities 768459 917042 352722.56 117797.2 176007 171295 1542867 1604255.86
8169138 6762527 1691535.6 1380077 1910518 1479389 7089429 5730881.05
Working Capital 43216.261 43248.35
Total Liabilities 10022206 8952606 1954933 2064225 2283558 1970525 9819368 8914338.62
Contigencies and Commitments
Total Equity and Liabilty 17057299 13275539 1462549.2 1102670 5504391 5142918 14251879 15200267

Assets
Non-Current Assets
Property, plant and equipment 6496299 4140233 1670162.3 1736468 3420290 3425599 5970253 5927347.67
investment properties 1720835 1720835 1873469 1437891.88
long term investments 2249170 2248970 373.7 671.344 4467 4997
long term deposits and Loans 34887 33617 12194.682 6429.363 777 979 391207.2 4620.917
10501191 8143655 1682730.7 1743569 3425534 3431575 8234930 7369860.47

Current Assets
Stores, spare parts and loose tools 345798 303947 140651.36 105354.5 94518 58220 410722.9 333919.097
Stock in trade 2393113 1779826 864829.67 515264.3 901334 654557 3166586 2183103.73
trade debts 1329065 1050101 547899.64 560982.8 579728 416740 1518725 1516729
advances 596795 303362 90106.436 193507.1 14118 20854 234065.4 372218.019
Security deposits and short term payments 15578 28383 2462.807 2077.356 843 7482 194.704 487.724
interest accrued 141 122 5571.439
other recievables 401928 301732 163.824 282.175 54045 38508 341809.8 211045.658
short term investments 642111 607610 14623 12200
taxation recoverable 99805 74842 63972.483 31454.16 11643 4165
cash and bank balances 78851 80297 24665.598 14403.05 34965 7481 90774.52 29445.865
5903185 4530222 1734751.8 1423325 1705817 1220207 5768449 4646949.08

Non-current assets classified as held for sale 652923 601662 248500

6556108 5131884 6016949 4646949.08

Total Assets 17057299 13275539 1734751.8 1423325 5131351 4651782 14003379 12016810

*All amount in thousands

Profit and Loss Account

Sales 10693338 8458899 4691884.4 3712392 3671610 3125384 13343540 9964545.47

Cost of Sales 8692529 7198993 3767900.2 3324878 2904895 2427400 10731692 8473362.24

Gross Profit 2000809 1259906 923984.26 387514.4 766715 697984 2611848 1491183.23

Distribution Cost 397818 464848 195200.54 115092 129198 94933 438360.7 291799.017
Administrative Expense 195103 175965 80810.935 43720.55 52304 44819 111713.8 105656.507
Other Operating Expense 37323 22090 31954.167 11082.79 83949 36854 81833.5 16467.327
Finance Cost 213463.13 142461
630244 662903 307965.64 169895.3 265451 176606 631908 413922.851
1370565 597003 616018.62 217619 501264 521378 1979940 1077260.38

Other Operating Income 78651 126551 11486.912 9735.26 29224 75238 186371.2 172619.698

Profit from operations 1449216 723554 627505.53 227354.3 530488 596616 2166311 1249880.08
Finance Cost 1072768 1260230 213463.13 142461 159563 186278 1101054 1081536.43
Profit/(Loss) before taxation 376448 -536676 414042.4 84893.27 370925 410338 1065257 168343.643
Provision For Taxation 98587 96865 54163.213 52346.39 36389 33917 133782.9 65000

Profit/(Loss) after taxation 277861 -439811 359879.19 32546.88 334536 376421 931473.9 103343.643
Earning/(Loss) per share-Basic and Diluted 1.91 3.02 19.42 1.76 3.98 4.48 7.89 1.19

*All amount in thousands

Kohinoor Textile Mills Ratio Analysis

Liquidity Ratio 2010 2009

Current Ratio: Current Assets/Liabilties 0.59 0.51

Quick Assets: Quick Assets/Current Liabilities

Quick Assets: Current Assets - Inventories/Current Liabilties 0.43 0.41

Asset Management

Inventory Turn over Ratio: CGS/Inventory 3.63 4.04

Days sales outstanding: Recievables/(Annual sales/360) 44.74 44.69

Fixed Asset Turnover: Sales/ Net Fixed Assets 1.65 2.04

Total Asset Turnover: Sales/Total Assets 0.63 0.64

Debt Management

Debt Ratio: Total Liabilities/Total Assets 0.59 0.67

Time Interest Earned: EBIT/I 0.07 0.10

Fixed Charge Ratio: EBIT+Lease Payment/I+LP+(Sinking fund/(1-tax)) 0.63 0.64

Profitability

Gross Profit Ratio: Gross Profit/Sales 0.19 0.15

Operating Profit Ratio: EBIT/Sales 0.01 0.01

Net Profit Margin: Net Profit/Sales 0.03 -0.05

Return on Total Assets: Net Income/ Total assets 0.02 -0.03

Return on Equity: Income Available for CS holders/Common stock equity 0.19 -0.30

Market Value

Earning per Share: NI available for CS holders/No of CS share issue 1.91

Price Earning: Market price per share/EPS 2.98

Market/ Book Market Price per Share/ Book Value per Share 0.57
Din Textile Mills

Liquidity Ratio 2009 2010

Current Ratio: Current Assets/Liabilties 0.89 0.69

Quick Assets: Quick Assets/Current Liabilities

Quick Assets: Current Assets - Inventories/Current Liabilties 0.51 0.66

Asset Management

Inventory Turn over Ratio: CGS/Inventory 4.36 6.45

Days sales outstanding: Recievables/(Annual sales/360) 42.04 54.40

Fixed Asset Turnover: Sales/ Net Fixed Assets 2.81 2.14

Total Asset Turnover: Sales/Total Assets 2.70 2.61

Debt Management

Debt Ratio: Total Liabilities/Total Assets 1.13 1.45

Time Interest Earned: EBIT/I 0.05 0.07

Fixed Charge Ratio: EBIT+Lease Payment/I+LP+(Sinking fund/(1-tax)) 0.43 0.36

Profitability

Gross Profit Ratio: Gross Profit/Sales 0.20 0.10

Operating Profit Ratio: EBIT/Sales 0.00 0.00

Net Profit Margin: Net Profit/Sales 0.08 0.01

Return on Total Assets: Net Income/ Total assets 0.21 0.02

Return on Equity: Income Available for CS holders/Common stock equity 1.94 0.18

Market Value

Earning per Share: NI available for CS holders/No of CS share issue 17.65554

Price Earning: Market price per share/EPS 1.437509

Market/ Book Market Price per Share/ Book Value per Share 2.538
Artistic Denim Textile Mills Ratio Analysis

Liquidity Ratio 2009 2010

Current Ratio: Current Assets/Liabilties 0.75 0.62

Quick Assets: Quick Assets/Current Liabilities

Quick Assets: Current Assets - Inventories/Current Liabilties 0.42 0.38

Asset Management

Inventory Turn over Ratio: CGS/Inventory 3.22 3.71

Days sales outstanding: Recievables/(Annual sales/360) 56.84 48.00

Fixed Asset Turnover: Sales/ Net Fixed Assets 1.07 0.91

Total Asset Turnover: Sales/Total Assets 0.72 0.67

Debt Management

Debt Ratio: Total Liabilities/Total Assets 0.45 0.42

Time Interest Earned: EBIT/I 0.18 0.40

Fixed Charge Ratio: EBIT+Lease Payment/I+LP+(Sinking fund/(1-tax)) 0.74 0.83

Profitability

Gross Profit Ratio: Gross Profit/Sales 0.21 0.22

Operating Profit Ratio: EBIT/Sales 0.01 0.02

Net Profit Margin: Net Profit/Sales 0.09 0.12

Return on Total Assets: Net Income/ Total assets 0.07 0.08

Return on Equity: Income Available for CS holders/Common stock equity 0.40 0.45

Market Value

Earning per Share: NI available for CS holders/No of CS share issue

Price Earning: Market price per share/EPS

Market/ Book Market Price per Share/ Book Value per Share
Nishat Textile Mills Ratio Analysis

Liquidity Ratio 2009 2010

Current Ratio: Current Assets/Liabilties 0.59 0.52

Quick Assets: Quick Assets/Current Liabilities

Quick Assets: Current Assets - Inventories/Current Liabilties 0.37 0.43

Asset Management

Inventory Turn over Ratio: CGS/Inventory 3.39 3.88

Days sales outstanding: Recievables/(Annual sales/360) 40.97 54.80

Fixed Asset Turnover: Sales/ Net Fixed Assets 2.24 1.68

Total Asset Turnover: Sales/Total Assets 0.95 0.83

Debt Management

Debt Ratio: Total Liabilities/Total Assets 0.70 0.74

Time Interest Earned: EBIT/I 0.17 0.16

Fixed Charge Ratio: EBIT+Lease Payment/I+LP+(Sinking fund/(1-tax)) 0.76 0.79

Profitability

Gross Profit Ratio: Gross Profit/Sales 0.20 0.15

Operating Profit Ratio: EBIT/Sales 0.01 0.02

Net Profit Margin: Net Profit/Sales 0.07 0.01

Return on Total Assets: Net Income/ Total assets 0.07 0.01

Return on Equity: Income Available for CS holders/Common stock equity 0.56 0.08

Market Value

Earning per Share: NI available for CS holders/No of CS share issue 7.89

Price Earning: Market price per share/EPS 2.977186

Market/ Book Market Price per Share/ Book Value per Share 2.349
Liquidity Ratio KTM DIN ADM Nishat Industry
2009 2010 2009 2010 2009 2010 2009 2010 2009 2010

Current Ratio: 0.59 0.51 0.887372 0.689521 0.75 0.62 0.587456 0.521289 0.70 0.58

Quick Assets:

Quick Assets: 0.43 0.41 0.51428 0.657979 0.42 0.38 0.367006 0.429924 0.43 0.47

Asset Management

Inventory Turn over Ratio: 3.63231 4.044773 4.356812 6.452762 3.222884 3.708462 3.389042 3.881337 3.65 4.52

Days sales outstanding: 44.74406 44.69097 42.03937 54.39992 56.84212 48.00255 40.9742 54.79652 46.15 50.47

Fixed Asset Turnover: 1.646066 2.043097 2.809239 2.137898 1.073479 0.912361 2.235004 1.681114 1.94 1.69

Total Asset Turnover: 0.626907 0.637179 2.704643 2.608252 0.715525 0.671868 0.95288 0.829217 1.25 1.19

Debt Management

Debt Ratio: 58.76% 67.44% 112.69% 145.03% 44.50% 42.36% 70.12% 74.18% 71.52% 82.25%

Time Interest Earned: 0.073316 0.100419 0.053812 0.068336 0.18315 0.403902 0.169266 0.159606 0.12 0.18

Fixed Charge Ratio: 0.631922 0.643363 0.434013 0.357903 0.743354 0.831171 0.761241 0.786812 0.64 0.65
Profitability

Gross Profit Ratio: 0.187108 0.148944 0.196932 0.104384 0.208823 0.223327 0.195739 0.149649 0.20 0.16

Operating Profit Ratio: 0.007355 0.014961 0.002448 0.002622 0.007959 0.024073 0.013967 0.017323 0.01 0.01

Net Profit Margin: 2.60% -5.20% 7.67% 0.88% 9.11% 12.04% 6.98% 1.04% 6.59% 2.19%

Return on Total Assets: 1.63% -3.31% 20.75% 2.29% 6.52% 8.09% 6.65% 0.86% 8.89% 1.98%

Return on Equity: 19.09% -30.22% 194.21% 17.56% 39.83% 44.81% 56.30% 8.33% 77.36% 10.12%

Market Value

Earning per Share: 1.91 17.65 7.89 6.8625

Price Earning: 2.98 1.43 2.97 1.845

Market/ Book 0.57 2.53 2.34 1.36

Trend Analysis of Kohinoor Textile Mill

Balance Sheet:
KTM
2010 2009 Amount Percentage
Authorized Share Capital
Ordinary shares 3700000 1700000 2000000 54.05%
Preference shares 300000 300000
4000000 2000000 2000000 50.00%
Issued, subscribed, paid up share capital 1455262 1455262
reserves 1906006 1604079 301927 15.84%
total equity 3361268 3059341 301927 8.98%
surplus on revaluation of property 3673825 1263592 2410233 65.61%
Non Current liabilities
Long term financing 1628067 1918571 -290504 -17.84%
Liabilities against assets subject to finance lease 67005 100919 -33914 -50.61%
lease finance advance 35922
Gratuity
deffered tax 157996 134667 23329 14.77%
1853068 2190079 -337011 -18.19%
Current Liabilities
Trade and other payables 1040257 849755 190502 18.31%
accrued mark up 289987 185259 104728 36.11%
short term borrowings 6070435 4810471 1259964 20.76%
current portion of non current liabilities 768459 917042 -148583 -19.34%
8169138 6762527 1406611 17.22%
Working Capital
Total Liabilities 6070435 4846393 1224042 20.16%
Contigencies and Commitments
Total Equity and Liabilty 10370435 7146393 3224042 31.09%
Non-Current Assets
Property, plant and equipment 6496299 4140233 2356066 36.27%
investment properties 1720835 1720835 0 0.00%
long term investments 2249170 2248970 200 0.01%
long term deposits and Loans 34887 33617 1270 3.64%
10501191 8143655 2357536 22.45%
Current Assets
Stores, spare parts and loose tools 345798 303947 41851 12.10%
Stock in trade 2393113 1779826 613287 25.63%
trade debts 1329065 1050101 278964 20.99%
advances 596795 303362 293433 49.17%
Security deposits and short term payments 15578 28383 -12805 -82.20%
interest accrued 141 122 19 13.48%
other recievables 401928 301732 100196 24.93%
short term investments 642111 607610 34501 5.37%
taxation recoverable 99805 74842 24963 25.01%
cash and bank balances 78851 80297 -1446 -1.83%
5903185 4530222 1372963 23.26%
Non-current assets classified as held for sale 652923 601662 51261 7.85%
6634959 5212181 1422778 21.44%
Total Assets 2373758 2322497 51261 2.16%
Profit and Loss Account
Sales 10693338 8458899 2234439 20.90%
Cost of Sales 8692529 7198993 1493536 17.18%
Gross Profit 2000809 1259906 740903 37.03%
Distribution Cost 397818 464848 -67030 -16.85%
Administrative Expense 195103 175965 19138 9.81%
Other Operating Expense 37323 22090 15233 40.81%
Finance Cost
630244 662903 -32659 -5.18%
8062285 6536090 1526195 18.93%
Other Operating Income 78651 126551 -47900 -60.90%
Profit from operations 1449216 723554 725662 50.07%
Finance Cost 1072768 1260230 -187462 -17.47%
Profit/(Loss) before taxation 376448 -536676 913124 242.56%
Provision For Taxation 98587 96865 1722 1.75%
Profit/(Loss) after taxation 696320 723554 -27234 -3.91%
Earning/(Loss) per share-Basic and Diluted 1.91 3.02 -1.11 -58.12%
KTML 5.69