FINANCIAL STATEMENTS ANALYSIS

OF
COMPANIES (NON-FINANCIAL)
LISTED AT KARACHI STOCK EXCHANGE

(2005-2010)

STATE BANK OF PAKISTAN
STATISTICS AND DWH DEPARTMENT

Team Leader

x

Shamsul Arifeen

Sr. Joint Director
shamsul.arifeen@sbp.org.pk

Team Members

x

Shahid Latif

Joint Director
shahid.latif@sbp.org.pk

x

Muhammad Saeed

Assistant Director
Muhammad.Saeed2@sbp.org.pk

x

Asif Ali

Assistant Director
Asif.ali4@sbp.org.pk

x

Sadia Batool

Assistant Director
Sadia.Batool@sbp.org.pk

Contents
Preface
Introduction
i)
Methodology
ii)
Concepts & Definitions
iii)
Performance Indicators
Executive Summary
Key Performance Indicators by Economic Groups
Analytical Tables

I. Sectors
a) Overall
b) Private
c) Public
II. Economic Groups
1. Textile
i)
Spinning, Weaving, Finishing of Textiles
ii)
Made-up Textile Articles
iii)

1-2
3-4
5-6
9-10
11-157
159-166
168-182

Sugar
Other Food Products n.e.s.

185-186
187-224
226-245

3. Chemicals, Chemical Products & Pharmaceutical
4. Other Manufacturing n.e.s.
5. Other Non-Metallic Mineral Products ± Overall
i)
Cement
ii)
Mineral Products
6. Motor Vehicles, Trailers and Auto parts
7. Fuel & Energy
8. Information, Comm. and Transport Services
9. Coke & Refined Petroleum Products
10. Paper, Paperboard and Products
11. Electrical Machinery and Apparatus
12. Other Services Activities
III. Appendix:1
Appendix:2

xxiv-xxiv

Other Textiles n.e.s.

2. Food
i)
ii)

i
ii
iii- iii
iii-xiv
xiv-xvii
xviii-xxiii

248-292
295-329
332-333

334-356
358-367
370-393
396-415
418-432
435-445
448-458
461-470
473-483
485-488
489-490

Preface

The Non-financial Corporate Sector is an important segment of a FRXQWU\¶V economy and a sound, stable and robust industrial
base is therefore essential for economic well being of a country and its populace.
Non-financial Corporate sector in Pakistan represents a diversified nature of businesses including Textile, Food,
Chemicals & Pharmaceuticals, Other manufacturing n.e.s., Other Non-metallic mineral products, Motor
Vehicles/Trailers and auto parts, Fuel & Energy, Information Communication and transport services, Coke &
petroleum products, Paper & paperboard products, Electrical machinery & apparatus & Other services.
Disclosure and transparency in information on business activities are of crucial importance to all stakeholders.
An overview of business and financial conditions of non-financial institutions presented in a structured manner is
published in form of financial statements. For large industrial concerns, the financial statements are often complex
and are prepared under international accounting standards. These statements usually include an extensive set of notes
to the financial statements. The notes typically describe each item on the balance sheet, income statement and cash
flow statement in further detail.
The stakeholders and users, on the other hand also require financial indicators that can provide information on how
well a company is performing and what will happen in future. Keeping in view the need of the users, the Statistics &
Data Warehouse Department has revamped the analysis of the financial statements of non-financial institutions. All out
efforts have been made to select useful and accurate data from financial statements and compute ratios that can
provide valuable clues about the financial health of the institutions. The analysis is now published in form of publication
namely, ³)LQDQFLDO Statements Analysis of Companies (Non-Financial) Listed at Karachi Stock Exchange´. The publication
contains analysis of financial statements of Non-financial institutions for the period 2005-10.
It is hoped that the publication will provide a tool to researchers, policy makers and investors to understand the performance
of non-financial sector of Pakistan. Comments on the analysis and suggestions for further improvements in the publication are
highly welcome.

(Dr Azizullah Khattak)
Director
Statistics & DWH Department

Introduction
The analysis and format of this publication differ from the previous versions for it is revamped to
incorporate changes in the regulations and culture of corporate sector. For the purpose of comparison,
analysis of last two years (2009& 2010) is carried out on the new format. Also presented in this
publication is last four years mapped data (2005-2008). For 2010,all listed companies on Karachi Stock
Exchange (KSE) except for financial sector have been classified in line with new economic categories..
The year-wise distribution of companies by economic group is as under: Table: 1 Distribution of companies by economic groups.

Economic Groups

2009
164

2010
164

145

145

6

6

13

13

54

54

i) Sugar

36

36

ii) Other food products n.e.s

18

18

3) Chemicals, chemical products and Pharmaceuticals

43

43

4) Other manufacturing n.e.s.

33

33

5) Other non-metallic mineral products

29

29

21

21

8

8

6) Motor vehicles, trailers and auto parts

22

22

7) Fuel & Energy

18

18

8)Information, Communication & transport Services

13

13

9) Coke and refined petroleum products

9

9

10) Paper, paperboard and products

9

9

11) Electrical machinery and apparatus

8

8

9
411

9
411

1) Textiles
i) Spinning, weaving, finishing of textiles
ii) Made-up textile articles
iii) Other textiles n.e.s.
2) Food

i) Cement
ii) Mineral products

12)Other services activities
Total:

The sum of Assets and Liabilities of a company may exhibit minor differences due to rounding off
separate items. Ratios and percentages have been worked out after rounding off the figures in thousands,
which may, therefore, slightly differ from ratios calculated on the basis exact numbers in balance sheet.
The symbol µ ± µ appearing in the analytical tables stand for Not applicable or Not available.

I

Methodology
Methodology is based on Ratio Analysis, a powerful tool to analyze the financial statements of any company.
Ratio analysis measures inter-relationship between different sections of the financial statements. Ratios are
WDNHQ DV JXLGHV WKDW DUH XVHIXO LQ HYDOXDWLQJ D FRPSDQ\¶V ILQDQFLDO SRVLWLRQ DQG RSHUDWLRQ DQG PDNLQJ
comparison with results in previous years or with others in the same industry. The primary purpose of ratio
analysis is to point out areas needing further investigation. All the ratios are calculated from the following
financial statements and relevant notes to accounts.
x

Balance Sheet

x

Profit and Loss accounts

x

Statement of changes in Equity

x

Cash Flow Statement

Total shareholderV¶ equity is computed as the sum of ordinary share capital plus reserve and surplus plus unappropriated profit/ (loss) and the revaluation. Analysis of Non-Financial sector used the following concepts
and definitions as given below.

II Concepts and Definitions
A. Non-Current Assets
1. Capital work in progress:
Work in process consists of the unfinished products in a production process which are not yet complete but
either being fabricated or waiting in a queue or storage. They must be accounted for as funds (capital) that have
been invested for future enhancement in production.

2. Operating fixed assets:
These are owned by an enterprise engaged in production of items (directly or indirectly); which will be
available for sale. These are not readily convertible into cash during the course of normal operations of an
enterprise. These assets are not subject to periodical exchange through sales and purchases. Fixed assets are of
permanent nature and are not normally liquidated or intended to turn into cash except in the form of
depreciation, which is added to the cost of goods sold. The following balance sheet items are included in the
category of fixed assets: -

(a) Real Estate
(i)

Freehold and leasehold land

(ii)

Factory and office buildings

(iii) Residential buildings

iii

(iv) Capital projects in progress at cost

(b) Plant, Machinery and Rolling Stock
(i)

All types of plant and machinery used for production and not for sale

(ii) Crockery, cutlery, silverware and enamelware in hotels
(iii) Construction tools
(iv) Livestock in farming company
(v) Cars, lorries, trucks, ships, launches etc.
(vi) Railway siding and trolley lines
(vii) Computers and other electronic equipments

(c) Furniture, Fixtures, Fittings and Allied Equipment
(i) Electric fans, refrigerators, air conditioners, electric heating, sanitary and other fittings.
(ii)

Laboratory equipment

(iii) $OOW\SHVRIRIILFHIXUQLWXUH¶VDQGHTXLSPHQW
(iv) Advertising, fixtures and fittings

3. Operating fixed assets after deducting accumulated depreciation
Deducting the accumulated depreciation from the operating fixed assets of the company gives this item.

4. Depreciation for the year
It includes all the depreciation charged to the profit and loss account. Owing to absence of uniform
accounting standards, depreciation is a subjective item and varies from company to company. It is important
for an analyst to know what effect such variation could have on the net profit.

5. Intangible Assets
Intangible assets are defined as identifiable assets that cannot be seen, touched or physically measured,
which are created through time and/or efforts and that are identifiable as a separate asset. The possible
items are:
(i)

Copyrights

(ii)

Patents

(iii)

Trademarks

(iv)

Goodwill

(v)

Exploration accounts

(vi)

Knowledge accounts

(vii)

Computer software accounts

iv

6. Long term investment
Investment is acquisition of financial, physical or technology based assets by an investor for their potential
future income, return, yield, profits, or capital gains. The long-term investments account differs largely
from the short-term investments account in that the short-term investments will most likely be sold,
whereas the long-term investments may never be sold. They may include:
(i)

Long-term stocks

(ii)

Long-term bonds

(iii)

Long-term investment in real estate

(iv)

Long-term Government and corporate securities

(v)

Long-term Savings and Unit Trust Certificates

(vi)

Long-term Debentures stock of local or foreign companies

7. Other Non- current assets
These include all residual non-current assets left from the above coverage, but remain in the balance sheet.
Possible items may be:
(i)

Deferred costs

(ii)

Long-term deposits

(iii)

Long- term loans and advances

(iv)

Security deposits

B. Current Assets:

1. Cash & bank balances
Cash & bank balances is an integral part of a company's overall operations. It consists of:
(i) Cash in hand
(ii) Cash in transit
(iii) Current deposits
(iv) Saving deposits
(v) Saving deposits and Call deposits
(vi) Deposits held abroad
2. Inventories
It comprises of stocks of raw material in hand, work in progress and finished goods at the closing date.

3. Trade debt
This refers to an entity from which amounts are due for goods sold or services rendered or in respect of
contractual obligations and also termed: debtor, trade debtor, and account receivable.

v

4. Short term investments
Unlike long term investments, short term investments have to be matured within the same accounting cycle. The basic
motive of such an investment is to earn profits or capital gains for short term period. They may include:

(i)

Short-term stocks

(ii)

Short -term bonds

(iii)

Short -term investment in real estate

(iv)

Short-term Government and corporate securities

(v)

Short-term Savings and Unit Trust Certificates

(vi)

Short-term Debentures stock of local or foreign companies

5. Other current assets
These are all remaining items of current assets left from the above coverage, but remained in the balance
sheet. These include:
(i)

Book debts including bad and doubtful debts

(ii)

Stores, spare parts and loose tools

(iii)

Loans and advances

(iv)

Work in progress(current)

(v)

Advances and prepayments etc.

(vi)

Balances due to tax department

(vii)

Tax refundable

(viii)

other receivables

C. Current Liabilities:
All liabilities, which are required to be discharged within one year, are termed as current liabilities.
Alternatively, these cover those obligations whose liquidation is expected to be made out of current assets.
They are usually incurred in the normal course of business and are required to be paid at fairly definite dates.

1. Short term secured loans
These are loans which are to be matured within the year and have been obtained against secured collaterals.
These consist of:
(i)

Current maturities of secured long term loan.

(ii)

Current maturities of redeemable capital finance

(iii)

Secured short term running finance.

(iv)

Current maturities of lease finance

(v)

Short term lease finance.

vi

2. Other current liabilities
These are all remaining items of current liabilities left from the above coverage, but remained in the
balance sheet. These include:

(a) Sundry Creditors
(i) For expenses
(ii) For other finance
(iii) Bills payable
(v) Advances from customers against orders

(b) Payment become due but outstanding
(i) Income tax payable
(ii) Proposed, unpaid and unclaimed dividends
(iii) Estimated liabilities in respect of outstanding claims whether due or intimated
(iv) Gratuities becoming payable
(v) Provident Fund becoming payable
(vi) Current installment and interest payable on fixed liabilities
(vii) Provision for taxation estimated on current profits
(viii) Workers profit participation fund

(c) Loans, Deposits and Advances
(i) Loans secured by stock or other current assets
(ii) Bank overdrafts and other unsecured loans
(iii) Short term loans acquired against the security of fixed assets
(iv) Unsecured loan from directors, parent company, and subordinate loan
(v)

Due to managing agents

(vi) Advances by directors
(vii) Guarantee and security deposits of customers and staff

D. Non-Current Liabilities:
1. Long-term secured loan
These are liabilities which are required to be discharged after a period of more than a year from the date of
balance sheet and are obtained on the basis of secured collaterals. These include:
(i)

Loans from financial institutions.

(ii) Loans from non bank financial institutions.
(iii) Loans from specialized financial institutions
(iv) Redeemable capital finance
(v) Foreign loans

vii

At present. (ii) Loan to a company by directors (iii) Long term loan by creditors (iv) Long term loan by suppliers 3. and may be settled by payments (or the provision of goods or services) made either directly to the employees. other dependants. 'HEHQWXUHV7)&¶V These are bonds/certificates issued by a company to raise funds for long-term period (generally more than one year) for a specific purpose (usually for capital expenditures). debentures have been replaced by TFCs (Term Finance Certificates). children. Other non-current liabilities These are residuals of non-current liabilities left from the above coverage. sometimes convertible into stock. Its constituents are: (i) Employees gratuity fund (ii) Pension fund. their spouses. viii . Sukuk bonds. Long-term unsecured loan These are liabilities which are required to be discharged after a period of more than a year from the date of balance sheet and are obtained without any secured collaterals. Employees benefit obligations These include benefits provided either to employees or their dependants. 4. (iii) Staff compensated absences (iv) Staff retirement benefits 5. but remained in the balance sheet of the company. These include: (i) Loan to various organizations by governments.(vi) Vendors account 2. These include: (i) Deferred liabilities (ii) Deferred liabilities/ taxation (iii) Long term deposits/key deposits (iv) Subordinated loans (v) Retention money payable E. 6KDUHKROGHU¶VHTXLW\ This item purports to represent the total stake of the shareholders in the business and is obtained by adding the ordinary share capital to the reserves and also surplus on revaluation of fixed assets.

They are also entitled to their share of the residual economic value of the company should the business unwind. issued as bonus shares and shares issued for considerations other than cash (e. (b) Ordinary shareholder has a right of voWLQJ LQ WKH FRPSDQ\¶V DQQXDO JHQHUDO PHHWLQJ while the preference shareholder has no voting right.1. for settlement of receivables/debts or debts redeemable into stock etc. As such. while the claim of the preference shareholders is paid earlier. they are last in line after bondholders and preferred shareholders for receiving business proceeds. (ii) Preference Shares Preferred Shares generally have dividends that must be paid out before dividends to common stockholders and the shares usually do not have voting rights. These are amounts of capital actually paid by the shareholders to the institution for acquiring its shares. which varies according to the prosperity of the company but preference shareholder will receive a fixed amount dividend every year.g. However. ordinary shareholders are considered unsecured creditors.). subscribed & paid up capital This represents the total subscribed and paid-up capital against issue of ordinary shares. Issued. (i) Ordinary Shares Ordinary shares represent equity ownership in a company and entitle the owner to a vote in matters put before shareholders in proportion to their percentage ownership in the company. (c) Ordinary shareholders have a residual claim on the net assets of the company in case of liquidation. ix . It includes shares paid in cash (subscribed/right issued). however. the best way to think of preferred stock is as a financial instrument that has characteristics of both debt (fixed dividends) and equity (potential appreciation). The difference between ordinary shares and preference shares is as follows: (a) Ordinary shareholder receive dividend. 2. The precise details as to the structure of preferred stock are specific to each corporation. Reserves It is calculated by aggregating all kinds of reserves except depreciation reserve and reserve for bad and doubtful debts plus the balance of profit and loss account. Ordinary shareholders are entitled to receive dividends if any are available after dividends on preferred shares are paid.

(i) Capital Reserves These funds are allocated only to be spent on the capital expenditure projects/ future expansionary projects for which they were initially intended. These include: (a) Share premium reserves (b) Merger reserves (c) Development reserves (d) Reserve for issue of bonus shares (e) Reserve for re-issue of forfeited shares (f) Capital gain on sale of fixed assets (g) Dividend equalization reserves (h) Non-controlling interest (minority interest) (i) Fair value Reserve (j) Subordinated Loans (k) Interest rate swap revaluation reserve (l) Hedge reserve (m) Advance against subscription for right shares (n) Undistributed percentage return reserve (o) Exploration and evaluation reserve (p) Investment revaluation reserve (q) Share deposit money (r) Exchange difference on translation of foreign subsidiaries (s) Statutory Reserve (ii) Revenue Reserves This is that part of the profit that has been not given to the shareholders but retained in the business for future growth. excluding any unforeseen circumstances. These include: (a) General reserves (b) Un-appropriated reserves (c) Retained reserves (d) Reserves on profit & loss account (e) Deferred income (f) Retained Earnings x .

General. commissions.e. These include: xi . and travel expenses of executives. Cost of sales Cost of sales includes the direct costs attributable to the production of the goods sold by a company. Gross Profit Gross profit is arrived at by subtracting cost of sales from sales revenue. but directly related with the revenue generation of saleable goods. i. which are available for sale of the company. 3. This amount includes the materials cost used in creating the goods along with the direct labor costs used to produce the good. The revaluation surplus has been included in equity because capital goods like property. cost incurred to mobilize goods from factory outlet to the market palace. Sales revenue is classified as local sales and export sales. sales people and employees).3. and advertising expenses that a company incurs. (i) Selling & distribution expenses These are non-production cost. Surplus on revaluation of fixed assets Revaluation of fixed assets is a technique that may be required to accurately describe the true value of the capital goods that a business owns. 2. administrative and other expenses These expenses consist of the combined payroll costs (salaries. Operation: 1. plant and equipments participate directly in the revenue generation and transferred directly to retained earnings. (i) Cost of material This includes cost of all raw and other processing materials incurred in the production of finished goods. 4. F. This is usually understood as a major portion of non-production related costs. Sales This item represents the sale proceeds of the company netting off all components of expenses associated with sales. (ii) Other Input cost These are all remaining cost of sales excluding the cost of materials.

Salary. The company is obliged to pay these expenses which are permanent in nature until the structure of the company is not affected. wages and commission expenses (d) Discount expenses (e) Selling expenses (f) Forwarding expenses (ii) Administrative and other expenses These expenses are also non-production costs and fixed in nature. Financial expenses These are expenses incurred due to borrowing of financial assets (short / long term loans) and acquisition of financial services by a company during an accounting period. telegram and telephone expenses (b) Conveyance and travelling expenses (c) Salary.QWHUHVWRQZRUNHU¶VSURILWSDrticipation fund. permanent) 6. These include: (a) Postage. (c) Bank charges and commission (d) Excise duty on long and short-term finance (e) Discounting charges on receivables (f) Exchange commission expenses Of which: (i) Interest expenses These are interest expenses incurred on borrowing of long and short terms loans. wages and employees benefits These are salary. It consists of interest paid expenses on loan/debts plus: (a) Interest and mark-up on supplier credit (b) . wages and employees benefit expenses that a company has borne in all stages to run the business activities. These covers the expenses to all employees (temporary. These include the following items. wages and other benefits (d) Depreciation expenses 5.(a) Distribution expenses (b) Brokerage expenses (c) Salary. (i) Mark-up and interest on long term loan (ii) Mark-up and interest on debentures and redeemable capital (iii) Mark-up and interest on short term loan (iv) Interest on private loan xii .

Cash flows from operations This amount is derived as net cash flow from operating activities of a company from its Cash flow statement. advertising. debt or equity instruments in a trading portfolio x Interest received on loans x Dividends received on equity securities x Payments to suppliers for goods and services x Payments to employees or on behalf of employees Items which are added back to [or subtracted from. Operating activities include the production. Total amount of dividend It is the total dividend including interim dividend distributed or proposed to be distributed out of the current \HDU¶VSURILW 10. Tax provision . building inventory. Net profit before taxes It is the profit earned by the company during the year before tax. operating cash flows include: x Receipts from the sale of goods or services x Receipts for the sale of loans.7. and shipping the product. 11. sales and delivery of the company's product as well as collecting payment from its customers. Total value of bonus shares issued This is the total amount of bonus shares issued to the shareholders as appropriation of net profit after tax of the company during the year. 8. Under IAS 7. This could include purchasing raw materials. as appropriate] the net income figure (which is found on the Income Statement) to arrive at cash flows from operations generally include: x Depreciation (loss of tangible asset value over time) x Deferred tax x Amortization (loss of intangible asset value over time) xiii .WLVSURYLVLRQRIWD[DWLRQPDGHRQFXUUHQW\HDU¶VSURILW 9.

current liabilities engaged in the capital formation constitute this item. Miscellaneous: 1. Total capital employed 7KH WRWDO RI VKDUHKROGHUV¶ HTXLW\ DQG WRWDO QRQ. 2. because associated cash flows do not belong to the operating section G. Total capital employed = Shareholder's equity+ Long term secured loan+ Long term unsecured loan+ Debentures/ TFC's+ Employees benefit obligations. Total fixed liabilities It is the sum total of the items GHEHQWXUHV 7)&¶V.x Any gains or losses associated with the sale of a non-current asset.

III. Contractual liabilities = Long term secured loan+ Preference shares+ TFC's + Short term secured loans.DQGRWKHUIL[HGOLDELOLWLHV Total fixed liabilities = Long term secured loan+ Debentures/TFC's 3.Tax provision. short term secured loans and bank overdraft. Retention in business This is the amount that a company retains in business after netting off all possible expenses and is obtained by deducting the provision for the tax and the total dividend distributed or proposed to be distributed from the net profit for the year. xiv . Acid test or quick ratio The acid test or quick ratio is used to determine how quickly a company would be able to pay off its current OLDELOLWLHVLILWQHHGVWRFRQYHUWLWVµTXLFN¶DVVHWVLQWRFDVK Acid test or quick ratio = (Cash & bank balances + Trade debtors + Short term investments)/ Current Liabilities. Retention in business = Net profit before taxes. Contractual liabilities This item pertains to all secured debentures. finance lease.Total amount of dividend 4. Performance Indicators: 1. long-term loans.

Current ratio= Current Assets/ Current Liabilities A rough guide for most companies exhibits 1. Lowering the ratio indicates the financial discipline of the company and the increasing ratio indicates that the company is facing financial expenses burden out of its sales revenue Financial expense to sales = Financial expenses/ Sales 3. lower the gross profit margins and lower the ratio. 2.5:1 relationship between current assets and current liabilities as indication of ability to meet current obligation without recourse of special borrowings. Higher the percentage. Trade debt to sales It is the ratio of outstanding credit (all sales receivables) to the total sale proceeds of the company. Debt equity ratio 7KLV LV D PHDVXUH RI FRPSDQ\¶V ILQDQFLDO OHYHUDJH DQG FDOFXODWHG E\ GLYLGLQJ LWV WRWDO OLDELOLWLHV E\ stockholders' equity. Financial expenses to sales It shows the ratio of financial expenses to sales. Higher the ratio. the company is increasing its debtors and credit risk and reducing its liquidity position. Assets turnover ratio= Sales/ (Non-Current Assets + Current Assets) 5.7KHLGHDOTXLFNUDWLRLVZKLFKPHDVXUHVWKHILUP¶VFDSDFLW\WRSD\RIIFODLPVRIFXUUHQWFUHGLWRUV immediately. Cost of goods sold to sales This ratio is derived by dividing cost of sales of goods to the total amount of sale proceeds. the company is sufficiently using its assets in generating revenues and lowers the ratio. Current ratio It is the ratio of total current assets to the total current liabilities. Higher the ratio. It indicates what proportion of equity and debt the company is using to finance its xv . Higher current ratio shows that the company is in a well-off situation and lower current ratio shows the worsening situation. Cost of goods sold to sales= Cost of goods sold/ sales 7. Trade debt to sales= Trade debt/ Sales 4. higher the gross profit margins of the company. Assets turnover ratio It is the ratio of total sale proceeds to the total assets of the company. the company is insufficient in generating revenues. 6.

ROA = Net profit before taxes/ Average of (Non-Current Assets + Current Assets) 9. otherwise any increase in borrowing will reduce shareholders' earnings. the lower dividend cover is more acceptable. The ROE is useful for comparing the profitability of a company to that of other firms in the same industry. because the risk is lower. because the company earns more money on less investment. A higher ratio than this is an indication of financial risk policy.33. This can result in volatile earnings as a result of the additional interest expense. such as food manufacturing and retailing. 8. 12. Return on assets (ROA) This is an indicator that reflects how profitable a company is relative to its total assets. An appropriate debt to equity ratio is 0.Tax provision)/ Total amount of dividend If a company is operating in a sector that is reasonably unaffected by economic downturns. The smaller the ratio. Dividend cover ratio This measures the ability of a company to pay dividends to ordinary shareholders from after tax income and measured as: Dividend cover ratio= (Net profit before taxes . The higher the ROA. ROE = 1HWSURILWEHIRUHWD[HV$YHUDJHRI6KDUHKROGHU¶VHTXLW\ 10.assets. Return on capital employed (ROCE) ROCE compares earnings with capital invested in the company. Return on equity (ROE) It measures a firm's efficiency at generating profits from every unit of shareholders' equity. Debt equity ratio = (Current Liabilities + Non-Current Liabilities)/ 6KDUHKROGHU¶VHTXLW\ It provides a margin safety to creditors. The higher ratio generally means that a company has been aggressive in financing its growth with debt. ROCE should always be higher than the rate at which the company borrows. This is calculated by dividing a company's annual earnings by its total assets. ROCE = Net profit before taxes/ Average of Total capital employed 11. Inventory Turnover Ratio A ratio showing how many times a company's inventory is sold and replaced over a period. ROA gives an idea as to how efficient management is at using its assets to generate earnings. the more secured are the creditors. the better. The inventory turnover ratio is calculated as Inventory Turnover Ratio = Sales / Inventory xvi . It shows how well a company uses its resources to generate earnings growth.

the safer is the company.) = (Net profit before taxes ./share) It is arrived at by dividing the net profit (after tax) by the number of ordinary shares. Operating cash flow to debt ratio This ratio is obtained by dividing the net cash flow balance from operating activities from total liabilities and mathematically it may be derived as: Operating cash flow to debt ratio =Cash flows from operations/ (Current Liabilities+ Non -Current Liabilities) This ratio measures the ability of the company's operating cash flow to meet its obligations. The higher the ratio.2 is often used as guided level. which are used to keep the business funded. 14. A minimum value of 0. A low turnover implies poor sales and. Net profit margin= Net profit before taxes/ sales 15. The operating cash flow is simply the amount of cash generated by the company from its main operations. /share) = 6KDUHKROGHU¶VHTXLW\Number of ordinary shares xvii . It also opens the company up to trouble should prices begin to fall.up value shares (Rs./share) It is obtained by dividing the amount of shareholders equity by the number of ordinary shares.This ratio should be compared against industry averages. A high ratio on the other hand implies strong sales. the safer the company.Tax provision)/ Number of ordinary shares 17. Break. Earnings per share after tax (Rs. Earnings per share after tax (Rs. Interest cover ratio This ratio measures the efficiency of a company for its ability to pay its interest-payment on its borrowing from operating profit and measured as Interest cover ratio = Net profit before interest and tax payment / Interest expenses = (Net profit before taxes+ Interest expenses) / Interest expenses The higher the figure. The company with interest cover ratio 2 will suffer a 50% drop in the profit and a company with a ratio less than 1 would have to dip into cash reserve. 16. therefore. 13.up value shares (Rs. High inventory levels are unhealthy because they represent an investment with a rate of return of zero. Break. Net profit margin This ratio is achieved as a ratio of profit earned by a company from its sale proceeds. excess inventory.

528.40% Total Capital Employed 3RVLWLYHJURZWKKDVEHHQREVHUYHGLQVKDUHKROGHU¶VHTXLW\KRZHYHUWRWDOIL[HGOLDELOities showed negative growth as compared to previous year which reflects decrease in demand for finances from banks and other financial institutions.Executive Summary The non-financial sector companies listed at Karachi Stock Exchange (KSE) showed relatively better performance during the year 2010.99% 15. and Other Manufacturing sectors had increased sales the overall profitability declined in 2010 over 2009.483 billion in 2009 to Rs.72 billion or 10.84 billion in 2009 to Rs. The increase in ordinary share capital and reserves & surplus during the year have been 10.38 percent from Rs. 423 billion in 2010 showing a decrease of 12. Total fixed liabilities decreased from Rs.398 billion in 2010.56 Billion in 20DVDJDLQVWDQLQFUHDVHRI5VELOOLRQRUSHUFHQWLQRYHU7RWDOVKDUHKROGHU¶V equity increased by 16. Although Electrical Machinery & Apparatus.41 percent respectively.99% 7.16% Total Fixed Liabilities -12.478. Positive outlook has been observed on account of sales and profitability in all sectors except Cement sector which suffered losses during the financial year 2010 despite the fact that sales improved.1. Paper and Board.44% 49. Total capital employed also depicts growth this year except for Chemicals and Information& Communication sectors. A comparison of growth.99 percent from Rs.49. xviii .1.38 percent and 21. in the composition of capital structure in the current year with that of the previous year is reflected as follows: 2010 over 2009 2009 over 2008 6KDUHKROGHU¶V(TXLW\ 16.195 billion in 2009 to Rs.45 percent.45% 869. A brief review on the important performance indicators during 2009 and 2010 is given below:- Capital formation Total paid-up capital increased by Rs.

0% 10. Total liabilities stood at Rs.014 billion in 3.Figure 1:Total Capital Employed 1.0% 17.2% over the year.0% -10.0% 12.4% 25.2. 398 billion in 2010 reflecting an 1000 increase of 17% over Rs.386 billion in   7RWDO VKDUHKROGHUV¶ HTXLW\ VWRRG DW Figure 2:Components of Balance Sheet 5000 18.0% 0.5% over 2009.0% 12.0% 4000 14.0% 6.4.6% 2000 Rs.0% -5.0% 24. xix Intangible Assets Long Term Investment . Components of Balance Sheet: Total assets stood at Rs. Capital work in progress.5% 20.0% 15. Total Assets 2009 2010 Total Liabilities Growth Total Shareholder Equity Non-Current Assets: Figure 3:Non Current Assets fixed deducting assets (book accumulated value) after depreciation amounted to Rs.0% 2. 195 billion in 0 2009. shows a decline of 8. Intangible assets and long term investments increased by 13.0% 16. 1. depicting an increase of 9. 2009 1800 1600 1400 1200 1000 800 600 400 200 0 2010 30.0% Billion Rs The 9. TFCs= term finance certificates & EBO=employees benefits obligations.597 billion in 2010.1% -8. 9.0% 0.200 1.1% and 24.2% Capital Work in Operation fixed progress Assets after Depre. however.400 1.0% 4.0% 10.0% 8.4% respectively.000 2009 Billion Rs 800 2010 600 400 200 0 SE LSL LUSL TFCs EBO SE= shareKROGHUV¶(TXLW\/6/ ORQJWHUPVHFXUHGORDQV LUSL= long term unsecured loans.2.0% 13.0% 5.582 billion in 2009.1.1% 3000 Billions Rs 2010 with an increase of 12% over Rs.616 billion in 2010 showing an increase of 10% over Rs.1.

2% 35. 19.0% billion in 2010 as against a decrease of 6.The liquid assets of non- 2010 Growth 32.1.1% Current Liabilities Non-Current Laibilities 2009 1400.0% 0.245 billion in 2009 to Rs.3% Growth xx 25. Cash & 800 bank 700 increased by 7%.0% 9. 271 100 5.1% current liabilities declined by 4% over the last year . Current liabilities shows an increase of 19% in 2010 over 2009.456 billion in 2009.0% .0% 15. The short-term investment increased by 18 percent or Rs.0% 30.0% 0 0.05 986.616 10% over Rs.97 2010 1670.14 billion in 2010 as compared to a 500 400 300 200 100 0 Billion Rupees decrease of 4 percent witnessed during 2005 2006 2007 2008 2009 2010 Working capital at Rs.3% 400 20.2. inventories by 9%.0% 5. 47 billion Cash and bank balances 188 184 170 173 166 178 showed a decrease of 14 percent in Investments 112 193 239 250 243 297 Liquid Assets 300 377 409 423 245 271 Working Capital 161 144 155 72 55 47 decrease of 68 percent in 2009.2% financial sector increased by 11 percent 200 from Rs.38 19.2. 2010 from Rs.9% Cash & bank balance 42 percent in the previous year.0% -5. but non- Billon Rs billion in 2010 showing an increase of 1800 1600 1400 1200 1000 800 600 400 200 0 -4. trade debt by 32% and short term investment by 18% over the year.0% 600 Billion Rs balances 2009 25.0% -10.1.0% 10.0% 300 10.Current Assets: Current assets stood at Rs. Liabilities Figure 6:Liabilites Total liabilities stood at Rs. 12 Figure 5:Aggregate Composition of Assets billion or 7 percent in 2010 as against a previous year.0% 20.387 billion in 2009. Cash Inventories Trade Debt Short Trem Investment and bank balances increased by Rs. 717 Figure 4:Current Assets billion in 2010 with an increase of 18% over Rs.3% -4.0% 15.55 billion in 2009.0% 500 18.14 946.

559.0% 0 Sales Rs.01 Billion Rs Rs. net profit before tax and cash flow Figure 8:Growth & Composition of operations from 2009 operations. net profit before tax and cash flow from operations respectively for 2010 over the previous financial listed companies were Rs.46 billion or 17.17 billion in 2010. 4500 46. Reserves Surplus on Revaluation of Fix Assets 52. gross profit.0% 46.38 percent from 700 600 500 400 300 200 100 0 Billion in 2010. The gross profit increased by Rs.0% 2000 20. Increases of 14.9% 1000 7.4% 15.0% 0.73 billion or 10. The gross sales of all non- 2010 14. 607 xxi .9%. Composition of operations Positive deportment has been seen on account of sales.50 percent in the year 2010.0% 13.77 percent from Rs. 533 billion in 2009 to Rs.0% 3500 35. 74 billion from Rs.81 billion or 33.127 billion in 2010 as against Growth 50.56 billion in 2010.528.36 billion in 2009 to Rs.95 percent from Rs. Surplus on revaluation 2009 2010 Paid Up Capital of fixed assets also increased by Rs.56 billion in 2009 to Rs. Reserves increased by Rs.6% have been witnessed 4000 in sales.4%.608 billion in 2009.4 percent.81 percent and the exports increased by Rs.49. showing an Gross Profit Net Profit Before T ax Cash Flows from Operation increase of 14.3.3% 45.156.6% 500 10.4. 100.Shareholders’ Equity: Total paid-up capital increased by Figure 7:Shareholders Equity Rs. 71 billion or 19.3% and 7. gross profit.0% 5. The local sales increased by 13.0% 2500 25. 660.84 billion in 2009 to Rs.0% 1500 year. 13.0% 40.478. 209.0% 3000 30.

86 4. Debt to Net Profit Margin Earing Per Share after Tax equity ratio is 1.5 8 being good is if current ratio appears to be around 1.00. Decline in the current ratios from the previous year. which stood at Rs. debt equity ratio. however.03 Currtent Ratio Debt Equity Ratio current obligations.85 2010 2. This also shows better position this year than that of the previous year as the smaller the ratio.86 in 2009 indicating that profit before taxes increased in 2010 as compared to 2009. xxii .11 4 2 companies 0 borrowings to special meet their 2. net profit margin and earnings per share after tax performed well in last two years with slight decline in first two ratios in the previous year.g.87 in 2010 and in 2009 it was 2. 73 billion or 467 percent. the more secured are the creditors.89 100 billion in 2010 as against Rs. indicates that the ability of the non financial sector to pay short term debts slightly reduced.11 in 2010. This is also a healthy sign both for shareholders and entrepreneurs.309 billion in 2010. percentages is 1.04 1. Figure10:Key Performance Ratio A general guide to recognize performance of companies 7. Net profit Figure 9: Net Profit Margin and Retension before taxes. 16 billion retained in 2009 0 2005 reflecting an increase of Rs.billion in 2010.5:1 but the current ratio 5.85 in 2009 to 4. 98 billion or 46 percent 300 to touch Rs. Net profit margin is 7.03:1 which is a bit lower than 1. Earnings per share after tax increased from 2. Net profit (before tax) 2006 2007 2008 2009 2010 Retension in business Key Financial Ratios Key performance ratios e. 212 billion in 2009 increased 400 by Rs.5 in 2010 whereas it was 5.87 reflecting the fact that the need 2009 6 1.5. amount retained Billion Rupees 200 in the business has been Rs. current ratio.00 1. Out of profit.

money on less 2009 13. xxiii .54 in 2009. and companies are utilizing their recourses well.15 in 2010 whereas it was 6. ROCE compares earning with capital invested in the company and therefore. Figure 11:Profitability/Efficiency Ratios This highlights the fact 25 to assets has increased 20 for the companies which is a positive sign. Return on capital employed is 13. return on assets (ROA).54 11.62 in 2009.87 18.95 15 10 because 5 companies earn more 0 better.Profitability ratios i.87 in 2010 and it was 18.95 in 2009.e. This underscores that the efficiency of the companies to earn profits have increased in 2010. return on equity (ROE) and return on capital employed (ROCE) exhibit overall efficiency of the nonfinancial companies in 2010 over 2009. indicates that management has utilized investment in a better way as compared to the previous year. the higher the ROA.68 in 2010 as against 11. the Percentages that profitability relative 23.62 8.15 2010 ROA ROE investment. Return on assets is 8.68 6. Return on ROCE equity is 23.

0 Total amount of dividend Total value of bonus shares issued Earnings per share after tax (Rs.085.8 9.6 Mineral Cement 528.6 257.772.6 181.066.1 75.4 10.875.4 3.8 9.735.908.0 2.5 214.9 96.092.0 1.274.410.0 690.3 -1.2 2.794.2 126.397.159.8 61.7 3.4 20.669.2 385.538.722.427.097.417.6 71.563.2 520.336.1 2.4 45.3 4.7 101.0 56.1 8.4 3.5 2.5 5.897.1 190.1 4.179.072.126.9 1.997.2 93.4 30.6 7.2 4.708.4 48.8 48.4 23.847.117.7 18.9 0.6 7.452.9 109.594.425.5 773.264.8 4.0 2.127.535.712.236.180.066.2 104.0 36.7 Sales 4.0 5.1 20.012.8 37.7 117.5 43.089.1 Total Capital Employed 2.2 2.8 9.223.7 10.5 Total Liabilities 2.6 298.528.6 149.384.5 70.2 12.8 1.555.6 14.993.2 1.496.828.314.0 15.8 11.9 -5.7 2.0 378.0 26.7 1.5 114.0 42.616.8 19.742.8 15.187.0 86.587.5 15.6 26.7 2.1 432.0 97.7 6.8 2.6 1.5 33.917.1 3. Comm.275.1 64.5 5.194.302.5 9.636.7 3.4 35.1 218. & Transport Electrical Machinery Other Food 21.3 Net Profit Before Tax 309.1 89.9 54.572.2 91.7 999.0 2.2 27.9 4.6 12.953.5 5.6 184.097.4 889.677.788.134.6 Total Assets 4.5 13.314.784.6 4.616.9 53.919.8 4.265.287.7 22.7 13.302.6 22.9 299.442.005.511.5 18.636.0 7.1 302.4 9.7 2.489.2 65.5 9.2 4.816.821.166.8 594.344.7 19.546.7 60.156.0 38./Share)(Book Value) Breakup value of ordinary shares (in Rs) xxiv .5 27.014.741.7 9.117.9 524.6 142.401.5 28.7 Net profit margin (%) Return on equity (%) Coke Sugar 335.2 0.9 Dividend cover ratio (%) 1.3 60.1 258.8 47.6 2.6 71.6 130.7 24.4 6.515.3 28.571.9 9.5 2.6 25.565.4 134.883.1 0.161.1 44.820.0 55.4 40.744.9 62.0 1.447.079.7 10.6 67.738.1 23.2 22.7 1.6 3.554.554.106.760.7 Gross Profit 607.7 11.520.024.548.7 4.8 21.6 19.3 75.9 3.3 3.3 0.355.277.5 6.202.5 13.583.827.1 123.860.836.2 5.556.2 43.4 747.6 195.8 25.691.844.755.469.7 Shareholder's Equity 1.203.1 25.7 1.709.2 Indicators Paid -up-Capital Spinning Chemical Fuel & Energy Overall Other Textile Key Performance Made-up Textile Economic Groups 9.4 4.0 163.467.028.2 15.519.1 494.4 7.890.5 35.9 22.791.1 2.4 60.174.0 14.131.2 4.832.Key performance Indicators by Economic Groups for the Year 2010 Paperboard Other Manufacturing Motor Vehicle Other Services Inf.173.0 66.6 1.351.0 994.1 17.0 4.9 19.072.5 2.7 66.6 37.657.2 124.8 34.0 57.0 4.4 311.575.090.0 241.0 8.341.806.5 -1.9 40.3 4.937.6 15.7 349.9 4.2 307.778.0 6.4 30.4 5.992.609.1 23.1 22.561.433.513.909.3 96.782.043.7 4.857.551.617.8 1.6 23.638.9 6.5 -6.6 44.3 38.3 0.7 892.2 161.372.6 587.5 397.857.046.200.5 8.4 20.3 108.8 -5.9 28.9 27.101.732.7 7.9 225.1 48.705.4 36.4 254.4 75.595.8 453.8 309.231.4 925.819.068.1 10.1 58.502.3 0.7 1.

.

219.067.216 271.231.894 202.329.986) 110.071 729.Other non-current liabilities E.493.Non-Current Assets (A1+A3+A5+A6+A7) 1.747 890.00 2.013.86 0.629 429.440 2.543.510 2.301 419.016.037.158 162.95 17.277 2.697.Other input cost 3.065.407 243.759.175.183.126 528.Tax provision (current year) 9.506.877.080.922.795.30 2.067 362.481.453 73.29 1.627.151 49.041.30 25.892 68.764.160 2.21 1.256.708 0 49.459 3.542 352.035.365.585 239.249 31.010 169.369 111.834.489 1.827 969.15 23.688 5.849 1.Other current liabilities D.461.299 97.542 163.104.834 2.Total capital employed (E+D) 2.669.397 251.225.259 2.Long term secured loans 2.814 229.78 1.657.075.196.671.Total amount of dividend 10.859.518.Operating fixed assets at cost 3.049.600 466.674.80 1.281.37 32.78 7.361 60.155.556.455.230 206.434 G.718 - - - 1.220 266.492.903 1.344.809 - - - 3.65 24.04 9.207 514.745 1.16 84.19 1.430 1.15 15.87 8.691 2.095.989 273.Total fixed liabilities (D1+D3) 3.60 3.181.29 1.04 24.772.924 270.Issued.261 185.00 4.670.028.567.520. wages and employee benefits 6.984 2.617 3.126.923 356.081.811.685.763 372.316.995 89.Short term investments 5.Ordinary Shares ii).563.350 162.497 97.690.243 49.773 607.107 801.314 250.50 0.512 7.688 1.Export Sales (Net) 2.197.85 1.649.437 9.932.157 445.696 132.05 85.105 205.423 1.667 660.103.Net profit before tax 8.638.643 249.Dividend cover ratio [(F7-F8) to F9] 12.165.033.297.007.791 70.355.493 1.Retention in business (F7-F8-F9) 4.234 4.950.457.700 F.57 4.240.813.496 156.133.67 1.400.431.488 420.884 209.Earning per share after tax (Rs.794 58.Return on assets [F7 as % of avg.939.678.760.665.027.15 85.348 482.018 380.126.044 106.Local sales (Net) ii).89 5.145 - - - 29.254.548.859.156.45 0.765 0 2.519.863.721 404.633 615.522.475 3.538 1.732.127.720.054.Salaries.278.281.689.655 185.455.405.825 - - - 1.847.378.926.311.984 365.027.541 1.555 10.254 62.319 255.028.981.Selling & distribution expenses ii).881 1.168.381.401 1.151 4.410.85 25.809 15.463.724 96.334 2.67 19.03 85.36 1.049 45.868.800 336.606 304.704.219 559.34 1.850.166.83 18.087 681.36 2.164.458.614 101.67 1.345 50.356 283.593 2.937 111.141.629.970 551.322 195.752.570.366 1.664.534 348.249 92.982.23 2.707.35 17.565.538 54.Cost of material ii).378 75.870.725.726 3.991 107.704 159.Operating fixed assets after deducting accumulated depreciation 4.556.293.805 67.515.691 1.894.342.894.Current Liabilities (C1+C2) 1.847 0 373.448.854.467.398.796.447 - - - 198.974 214.18 1.580 - - - 842.Total value of bonus shares issued 11.84 0.44 7.216 469.24 23. shares) 1 - - - 11.Employees benefit obligations 5. administrative and other expenses i).175.795.475 532.056 3.460.904.066 23.538 3.906.245 86.78 14.356 1.665.700.062 10.04 85.089 16.930 3.368.054.138.96 11.990 177.194.265.859 478.804 240.Inventory Turnover Ratio (F1 to B2) 13.344.Key Performance Indicators 1.892.447 71.995.785 309.486.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.628.850.13 4.32 9.618 1.540 114.526 1.162.92 7.Cash & bank balance 2.474.Return of equity (F7 as % of avg.799 141.467.55 18.079.Operating cash flow to debt ratio [F11 to (C+D)] 16.Capital Reserve ii).057 101.471.920.635 2.620.090.Inventories 3.040.378.126.406.228.483.698.763.041.43 0.11 27.Financial expenses of which: (i) Interest expenses 7.344 0 (61.330 0.367.334 87.837.932.125.902.669 1.General.874 172.501.354.Shareholders Equity (E1+E2+E3) 1.698 2.797.328 - - - 28.043 - - - 357.04 0.996.529 467.520.Break-up value shares (Rs.128 946.88 13.547 91.Debt equity ratio [(C+D) to E] 8.602.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 867.062 2.529.091.26 1.Operation: 1.202.694 1.596.842 1.261 406.677.Cost of goods sold to sales (F2 as % of F1) 7.190 1.043 6.82 .798.095.263.923 270.929 88.Capital work in progress 2.85 4.555 4.540 14.805 375.141.753.022.858.Miscellaneous 1.868.665.27 6.099.13 2.042 306.654.179.265.133. of Ord.047 1.179 149.203 439.194.955.418 913.632.254 310.079 422.716 352.194.Debentures/TFCs 4.68 1.397 2.532.616 308.558.644.837.Preference shares 2.578 1.747 335.243 851.119 30.145 3.179.228 339.13 10.Other current assets C.37 10.345.143 430.559 3.127.422.Assets turnover ratio [F1 to (A+B)] 5.82 0.927 110.Net profit margin (F7 as % of F1) 15.127.21 1.555.444 19.641.13 14.335.244 747.148 309.482.356.477 354./share) (E/No.643.966.080.424 0 1.Trade Debt as % of sales (B3 as % of F1) 4.098 97.331.013.Intangible assets 6.Acid test or quick ratio[(B1+B3+B4) to C] 2.08 0.228 131.470.159 102.929 117.503.227.157 1.280 468.(A+B)] 9.027.485.525.358.907 200.594.987 226.474 138.397.191.046.167.Long term investments 7.16 23.589.605 3.040.205.Depreciation for the year 5.992 162.79 10.566 211.536.451.754 79.Short term Secured loans 2.Current Assets (B1+B2+B3+B4+B5) 1.141.229.003 394.792.854 44.540.09 - - - 141.587 215.265.Return on capital employed ( F7 as % of avg.Other non-current assets B.122 2.938 61.Cash flows from operations - - - 224.98 0.296.436 188.398 515.358.58 30.810 256.976.160.928 77.598 433.00 4.741 166.Cost of sales i).158.979.193 888.095.734.30 13.026.615 900.722 150.019.864 608.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.489 431. G1) 11.985.717.002.046 176.492.807.013.688.995.03 1.025.63 2.Reserves i).470.566.602.163.581. Subscribed & Paid up capital i).638.897.247.67 1.708 31.532.522 86.465.486.948.229 1.Trade Debt 4.439.316 986.288 524.509.211.921 1.16 1.348.067 367.973 14.381 95.744.207 251.288 45.340 338.Gross Profit 4.346 1.Financial expenses as % of sales (F6 as % of F1) 3.031.Financial Statement Analysis of Non Financial Sector 2010 Overall Items A.201.698.058.786 294.693 1.998 118.Sales i).313.628.563.09 0.034.00 3.727 203.646 422.677 333.Contractual Liabilities (G2+C1) H.521 79.608.720.054 1.139 116.288 81.224.298.388.62 1. of Ord.448 609.940 158.261.312 257.268 51.538.286 1.461.24 82.682.36 8.509 1.24 1.536 660.65 1.344.233 164.73 10.876.86 10.225 1.306 123.279 28./share) [(F7-F8)/No.55 2.496.218.020 343.688.15 20.602.Revenue Reserve 3.182 50.06 7.772 192.570. shares] 17.95 9.967 1.180 106.37 8.72 10.763.335.029.992 404.115.752.99 1.01 1.768.358.936.921 1.953 377.499.383 496.022.69 0.Current ratio (B to C) 6. E) 10.89 1.Long term unsecured loans 3.00 6.Administrative and other expenses 5.650 184.910 93.690.

54 13.85 1.5 8 7 2010 2009 5.86 2010 15 11.00 3 2 0 4.62 10 6.15 5 Percentage 6 5 4 2.Growth with Composition of Assets & Liabilites 25% 2500 Billion Rs 2000 20% 19.68 8.3% 18.87 25 Percentage 2009 18.4% 13.04 1.11 2.1% -5% -10% 0 Non-Current Assets Current Assets Current Liabilities 2010 2009 Non-Current Shareholders Laibilities Equity Growth Growth & Composition of Operations 2009 4500 4000 3500 3000 2500 2000 1500 1000 500 0 2010 Growth 50% 46.3% Billion Rs 40% 30% 20% 14.03 1 Return on Return on Assets Equity 0 Return on Capital Emloyed Currtent Ratio Debt Equity Ratio Net Profit Margin Earing Per Share after Tax .0% 1500 15% 10% 8.9% 10% 0% Sales Gross Profit Key Performance Indicators Profitability/Efficiency Ratios 23.0% 5% 1000 0% 500 -4.95 20 Net Profit Before Tax 7.87 1.0% 17.

633.024.702.071 109.409 186.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.885 111.447.308 398.937 664.979 56.161 13.023 - - - 161.209 1.900 648.349.384.799.342.063.183.100.295 719.041 216.575.291./share) [(F7-F8)/No.823.093 9.818 - - - 2.62 5.340.927.573 923.451.666.997 38.064 235.22 8.52 26.708 367.01 2.182.383 318.756.941.067 87.Cash & bank balance 2.318 31.991 0 (61.360.059 83.484.473.652 1.988.13 85.128 10.Other current liabilities D.926 60.547 534.40 2.Dividend cover ratio [(F7-F8) to F9] 12.691 297.757.665 202.00 12.544 1.432.57 7.51 5.573.93 0.067.59 0.424 0 1.Other non-current liabilities E.63 25.465 133.Capital Reserve ii).887.342.Overall Items A.960 621.183.Ordinary Shares ii).163.464 29.617.470 1.617.381.866 819.11 1.450.496 144.050.322.970 14.042.373.647.280.144.896.260 90.664./share) (E/No.403 3.887 10.337 2.031.943.215.Break-up value shares (Rs.627.337.567 93.505.503 175.592 133.389 660.315.352 2.Total value of bonus shares issued 11.965.081 14.05 1.523.059 91.082 208.981 444.190 209.957 331.538 54.042.64 24.915 783.394 315.799 182.10 7.61 5.912 84.576.641.252.259.443.31 0.339.260.071.734.678.383.Cost of goods sold to sales (F2 as % of F1) 7. administrative and other expenses i).Total amount of dividend 10.273.757 305.376.073 421.21 0.223.713.656 182.937 55.099.28 8.214 793.688.Cash flows from operations - - - 108.841 1.226 3.973 34.246 2.083 2.561 401.283.231.00 1.59 4.564.169 70.201.85 2.746.040 140.235.766.582 56.724.792.009 205.838.122 1.941.Financial expenses of which: (i) Interest expenses 7.509 381.50 0.08 26.Current Assets (B1+B2+B3+B4+B5) 1.833.145.94 20.214.499 1.Local sales (Net) ii).291.02 1.84 6.Short term Secured loans 2.076.867 372.766.756.Financial Statement Analysis of Non Financial Sector 2010 Private .711 1.816.55 3.282 105.736.338 202.558.101 701.401 412.916 1.515.29 0.55 2.013.746.823.Reserves i).392.613.182.082 11.893 388.450 1.323 548.261.245 45.704 0 268.582 39.840 145.423.485 1.181 439.041 84.585.772.683 697.875.259.202 413.443.577 108.Key Performance Indicators 1.796.696 26.223.047.440 361.98 1.870 123.Total fixed liabilities (D1+D3) 3.378.880. shares] 17.47 18.986) 110.191 86.412.253.323 120.009.584 254.788.41 1.Contractual Liabilities (G2+C1) H.92 - - - 71.Inventories 3.375.975 200. Subscribed & Paid up capital i).Cost of material ii).16 8.060 235.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.11 2.195.092.538 2.009.058 19.566 44.Debentures/TFCs 4.081.123.156 326.269.048.13 1.22 9.Capital work in progress 2.690 1.Salaries.39 0.605.Sales i).666 231.Issued.473.054.939.018.Debt equity ratio [(C+D) to E] 8.164.245 30.979 (8.865 251.389.Other current assets C.86 14.626.Trade Debt 4.614.037.473.414.249.108 248.80 9.663.134 345.019.906.958 16.283.448 501.724 89.258.70 5.814.900 1.36 27.042.680.224.392 648.493.384.763.102. of Ord.40 10.687.672.249.260 127.74 0.890 372.422 - - - 1.648 18.43 0.592 193.088.539 147.947.453.757.59 1. G1) 11.168.087 738.596.18 86.318 52.01 84.89 1.137.818.951.498.479.07 85.880.552 69.508.Acid test or quick ratio[(B1+B3+B4) to C] 2.419 179.099.440 169.70 15.544.Preference shares 2.536.839 981.275 3.413.936 81.979 18.265.495 162.708 0 37.924 186.579.178 15.551 793.491 143.88 8.431 219.939.121 - - - 818.455 1.677.391 344.Selling & distribution expenses ii).326 107.950.594 98.859.703.00 1.004 245.059.319.996.417 30.Long term unsecured loans 3.03 8.99 1.213 52.256 160.404.504 122.962 74.745 619.063.219 2.157 271.248 419.493.907 1.652 106.Inventory Turnover Ratio (F1 to B2) 13.15 1.141.482 153.898 40.071.008 534.211.621.655 50.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 545.427.864 507.960.84 8.932 341.256.364 2.Return on assets [F7 as % of avg.653 3.Short term investments 5.826.789 0.976.817. shares) 3 - - - 9.749 1.00 5.Gross Profit 4.672.39 11.52 26.335.313 66.162 119.26 1.932 63.162 1.935.523.047.873. wages and employee benefits 6.389 84.995 1.330.83 2.261.Operation: 1.Shareholders Equity (E1+E2+E3) 1.51 0.136. E) 10.345 364.929 32.Net profit before tax 8.827.Intangible assets 6.593 1.09 1.Revenue Reserve 3.42 0.095 1.219 - - - 23.98 85.727.255.639 301.Other non-current assets B.948 123.264 1.567.Other input cost 3.964 959.500 433.577.332 262.193.255.018.Administrative and other expenses 5.Retention in business (F7-F8-F9) 4.990.196.998 318.18 1.117.473.735.252 46.646.Operating fixed assets after deducting accumulated depreciation 4.490 124.815) 794.789 0 1.612.366.324.085.461.39 0.329.010.908 2.773 47.Long term investments 7.016.725 920.838 269.248.Tax provision (current year) 9.526.03 5.936.255.562.180 1.227.167 500.758.779.602 1.Operating fixed assets at cost 3.133 97.Financial expenses as % of sales (F6 as % of F1) 3.140.570 1.984 1.255 536.945.822.Net profit margin (F7 as % of F1) 15.618.Return on capital employed ( F7 as % of avg.719 444.845 849.647.304 1.481.212 6.639.822 200.090.390 G.384.07 7.761 184.137.374 252.Return of equity (F7 as % of avg.Assets turnover ratio [F1 to (A+B)] 5.48 2.201 172.290 280.Employees benefit obligations 5.79 15.Operating cash flow to debt ratio [F11 to (C+D)] 16.733.Total capital employed (E+D) 2.522 682.111.154.738.020 942.607.723.096 227.341 6.General.10 4.76 0.Long term secured loans 2.00 3.600.50 25.894 101.482.870 31.90 1.105 382.20 1.00 5.483.232.231.089 21.35 11.634.84 0.92 7.Miscellaneous 1.137 - - - 182.536.Cost of sales i).019.32 1.431 320.416 1.644.734.702 195.634 27.375 112.889 - - - 13.191.680.576 308.887 31.910.605 377.182.810 660.592 187.726 2.384 97.744 232.840 1.960.712 71.64 10.234.86 4.479.761.196. of Ord.Current ratio (B to C) 6.729 21.574.22 0.731.932.659.Non-Current Assets (A1+A3+A5+A6+A7) 1.532.156 945.412 3.594.Current Liabilities (C1+C2) 1.036 195.Trade Debt as % of sales (B3 as % of F1) 4.592 273.518.Depreciation for the year 5.283 3.071.942.793 21.17 84.381 82.283.244.660 25.Earning per share after tax (Rs.316.917.51 3.633.928 174.578.618 209.879 249.616.28 13.189 37.257 86.808 - - - 518.178.023 58.763.394 88.975.570 1.64 2.966 298.52 .29 28.849.645 140.648.696 37.072.488.85 19.075 190.123 156.874.102.264.848.883 3.(A+B)] 9.556 49.975 186.853 319.54 2.521.014.044.86 5.969 444.Export Sales (Net) 2.37 1.609 F.

7% 10% 9.Growth with Composition of Assets & Liabilites 2000 18.84 6 11.4% 2500 40% 1500 30% Billion Rs 2000 1000 15.2% 16.52 3 1.43 5 Percentage 14 8 6 4 2 0 Net Profit Before Tax Key Performance Indicators Profitability/Efficiency Ratios Percentage 50% 4 2.92 2010 12 10 9.86 2 1.58 2010 4.0% 500 10% 0 0% Sales Gross Profit 15.5% Billion Rs 1500 20% 15% 13.4 4.5% 20% 11.2% -10% 0 Non-Current Assets Current Assets Current Liabilities 2010 2009 Non-Current Shareholders Laibilities Equity Growth Growth & Composition of Operations 2009 2010 Growth 60% 3000 52.70 1.8% 5% 1000 0% 500 -5% -5.98 1 Return on Return on Assets Equity 0 Return on Capital Emloyed Currtent Ratio Debt Equity Ratio Net Profit Margin Earing Per Share after Tax .34 5.01 0.64 1.8 16 2009 2009 5.69 7.

Financial expenses as % of sales (F6 as % of F1) 3.897.61 1.038 48.775.459 1.664.919 712.791.897 124.Current Assets (B1+B2+B3+B4+B5) 1.276 183.34 1.Export Sales (Net) 2.664.798.02 17.00 1.978 - - - - 324.604.29 34.Cost of sales i).793 280.162 13.619.180.521.214.326.296 0 100.456. wages and employee benefits 6.25 12.57 20.932 449.48 0.Revenue Reserve 3.36 0.650.186 525.81 0.04 0.Cash flows from operations - - - - 70.220 17.Financial expenses of which: (i) Interest expenses 7.31 9.046.75 1.551 19.672 1.77 2.516.68 0.721 0.Shareholders Equity (E1+E2+E3) 1.922.15 85.52 42.432 27.580.Miscellaneous 1.705.871 25.017 308.847 544.353 7.928 59.Cost of material ii).629.424 13.492.032.405.027.841.879.867 21.777.611.Preference shares 2.139.481.06 84.442 106.Capital Reserve ii).Other non-current assets B.45 8. of Ord.662.475 62.653 146.060 13.Total amount of dividend 10.433 409.418 521.144.747.359 0 1.Other non-current liabilities E.64 G.292.190 52.29 24.870 339.Tax provision (current year) 9.124 26.302 516.438 77.171.824.541.338.309.493.266.967 90.172 284.507.285.60 .662 79. G1) 11.431.Overall Items A.947 70.308.861.824.644.967.191.533 97.762 445.044 13.209.701.830 131.64 1.942.312 19.729 8.(A+B)] 9.972.165 885.926 177.778.783.702 - - - - 5.628 79.Issued.263. administrative and other expenses i).85 19.235 316.Other current liabilities D.General.453.463.680.273.969 239.066.Other current assets C.301.511 327.94 14.Other input cost 3.609.118 237.55 1.739.652.001 37.053 150.Debt equity ratio [(C+D) to E] 8.991.300 13.Depreciation for the year 5.907 536.605.166.871 69.18 20.671.126 357.135 9.Long term investments 7.995.397 9.363.359 1.354 185.431 257.498 58.28 0.648 362.12 7.20 29.637.Salaries.007.201.16 14.977.197.991 823.951 77.697 212.246.209.147.Total value of bonus shares issued 11.547.286.117 232.96 15.Operating cash flow to debt ratio [F11 to (C+D)] 16.23 1.Short term Secured loans 2.118 14.976 - - - - 630.88 20.00 3.646 90.562 - - - - 14.484.914.07 8.959 94.709 195.341.022 0 1.542.951 187.951.108 7.Administrative and other expenses 5.48 1.936.802.713.500 114.907.15 1.633.Gross Profit 4.763 356.348.360 364.506.015 194.Operation: 1.189.893 45.758.54 2.334 39.149.233 119.Earning per share after tax (Rs.651.77 0.575.270 13.Net profit margin (F7 as % of F1) 15.697 87.298.918 22.361.861 900.376 0 108.915 40.20 0.995.823 91.095.152 89.187.000 174.610.222.659.664.64 10.121 44.68 52.246.025 334.029.Trade Debt as % of sales (B3 as % of F1) 4.951.545./share) [(F7-F8)/No.704.652 41.Contractual Liabilities (G2+C1) H.843.20 29.461.914.745.088.228 26.980 29.227.608.180.602 58.059 51.246 10.149.001 249.51 25.17 11.826 51.964.Operating fixed assets at cost 3.464.022 850.430.539 357.202 18.73 11.072.Break-up value shares (Rs.31 10.36 1.273.007 4.095.251.99 12.003.420.939.373.529.742 1. shares) 5 - - - - 13.675 90.144.730 185.00 7.06 27.027 268.Return of equity (F7 as % of avg.882.002.474 32.806.Total capital employed (E+D) 2.751.830 24.19 40.622.46 27.456 46.175 33.492 217.64 0.147 1.805 88.258.908 70.924.224.762 34.214.477 948.889.996.Financial Statement Analysis of Non Financial Sector 2010 Public .Non-Current Liabilities (D1+D2+D3+D4+D5) 1.512.804 13.482.926 83.Return on capital employed ( F7 as % of avg.77 15.009.Long term unsecured loans 3.83 10.Trade Debt 4.711.678 171.245 408.Cost of goods sold to sales (F2 as % of F1) 7.927.538.778.546 39.442.Debentures/TFCs 4.83 2. Subscribed & Paid up capital i).121 305.159 304.51 21.627 94.886.450.Net profit before tax 8.52 27.572 24.826.353.906 1.003 1.00 25.829 47.563 7.693.27 24.299 52.Short term investments 5.844 326.202 294.511.122 188.147 30.736.143 - - - - 37.589.849.Cash & bank balance 2.096 1.222.048.608 160. shares] 17.927.438.330 39.Non-Current Assets (A1+A3+A5+A6+A7) 1.Intangible assets 6.369.312.837 163.430.270 36.189 50.276 67.133.788 368.420.267 F.Inventory Turnover Ratio (F1 to B2) 13.547 14.210 89.869 474.464.98 0.857.320 1.91 31.62 35.240 133.677.170.Inventories 3.392.134 843.793 47.Long term secured loans 2.Current ratio (B to C) 6.048 58.328.055 47.72 13.37 79.44 1.62 2.722 183.Acid test or quick ratio[(B1+B3+B4) to C] 2.Current Liabilities (C1+C2) 1.56 47.11 0.783.669 133.470.956.689.Sales i).574 35.095 1.889 117.14 86.216 81.118.373 12.344 87.021 267.532 1.139.624 64.895 46.556.850 409.789 33.962 12.118.28 1.904.92 0.924.Employees benefit obligations 5.344 50./share) (E/No.792.616 29.193.00 2.424 12.475.401.Selling & distribution expenses ii).723 86.387 862.330.041.68 42.048 - - - - 175.446 1.711.735.868 11.Retention in business (F7-F8-F9) 4.50 1.133.926 94.791.115 36.387 88.200 75.948.034 27.64 55.905.119.Key Performance Indicators 1.386 687.970 28.706.96 10.365 29.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.22 0.617.701 - - - - 116.811 27.780.Surplus on revaluation of fixed assets 2005 2006 2007 2008 321.556.829 40.79 16.538 455.735.375.774 742.974 54.057.480 389.427 104.396 68.78 1.Total fixed liabilities (D1+D3) 3.996.411.50 34.95 0.493 375.547 19.603 885.176 97.669.563 917.93 1.286.32 22.187.154 179.81 1.595 - - - - 74.Assets turnover ratio [F1 to (A+B)] 5.828 30.729.721 3.513 111.265 18.067.362 32.711.159 407.702 189.096 0 752.855.703.492.617 60.023 275.878.427 86.902 273.914 104.953.34 1.495.704 312.318. E) 10.Dividend cover ratio [(F7-F8) to F9] 12.759 1.215.742 21.75 1.Return on assets [F7 as % of avg.782 36.072.486.258 8.726. of Ord.123.Reserves i).703.772 22.98 83.812 94.445.Capital work in progress 2.068.654.430.169.814.03 9.125.530.51 2.Ordinary Shares ii).39 1.214 (Thousand Rupees) 2009 2010 466.862.193.087 70.637.060 9.376 64.571 193.276 33.907 45.281 - - - - 8.916.506.Operating fixed assets after deducting accumulated depreciation 4.970 13.938 58.Local sales (Net) ii).21 82.778 38.751 100.691 80.105.409.165 41.679 36.477 12.948 83.50 0.217.500 159.405.743 47.932.654 39.337.079.00 7.439 40.366.495.606 263.156 36.143 1.381.34 1.669 52.56 1.338.662.386 55.203.

7% 600 400 200 12.3% 10% 5% 0% -1.44 27.62 13.64 10 0 Percentage 40 20 Growth 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% 8 6 2 Return on Return on Assets Equity 2.94 30 25.77 7.57 1.14 1.Growth with Composition of Assets & Liabilites 600 35% 30% 27.50 4 2.29 Net Profit Before Tax Key Performance Indicators Profitability/Efficiency Ratios 60 2009 12 2010 10 47.95 11.77 2009 2010 10.2% 0 Sales Gross Profit Percentage 50 55.1% 1400 1200 Billion Rs 1000 800 20.0% 500 Billion Rs 400 300 200 100 1.56 15.3% -5% Current Non-Current Shareholders Liabilities Laibilities Equity 2010 Growth 29.5% 25% 20% 15% 12.15 0 Return on Capital Emloyed Currtent Ratio Debt Equity Ratio Net Profit Margin Earing Per Share after Tax .2 8.6% 0 Non-Current Assets Current Assets 2009 Growth & Composition of Operations 2009 2010 1600 40.

TEXTILE .

.

336.687.Revenue Reserve 3.57 -5.Intangible assets 6.848.714 310.123.070.Long term secured loans 2.672.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.905 16.403.958 115.Financial expenses as % of sales (F6 as % of F1) 3.634.183 249.490.059 171.584 80.319 80.323 1.921.89 14.596 220.76 1.709.139.739.653.991 1.Other current assets C.017 46.495.370.530 45.Return on assets [F7 as % of avg.073.Cash & bank balance 2.186.11 89.007.648 374.80 2.783 275.Return on capital employed ( F7 as % of avg.349.128 149. of Ord.623 15.616 195.649.166.Key Performance Indicators 0.77 1.011.901.522 341.953.168.564.289.866 84.651.078.693.147.99 3.705.08 1.485 - - - - 48.595 7. G1) 11.64 8.547.915 36.317.Operating cash flow to debt ratio [F11 to (C+D)] 16.520.Break-up value shares (Rs.124 382.Financial Statement Analysis of Non Financial Sector 2010 Textile Sector .519.115.Cost of goods sold to sales (F2 as % of F1) 7.430 (4.830 29.552 216.473.433 40.Capital work in progress 2.686 126.980.97 5.06 88.749 3.467 4.Contractual Liabilities (G2+C1) H.00 3.44 0.908.632.542 0.054 16.553.228 2.039.929.71 2.347 14.447 145.729.120 6./share) [(F7-F8)/No.733 212. of Ord.703 30.031 100.94 34.62 1.224 32.033 28.327.202.Sales i).353 10.584 111.155.Assets turnover ratio [F1 to (A+B)] 5.245 73.209 116.983 71.130.417 14.Total amount of dividend 10.619.647.114 - - - - 11.902 10.912.719.616.481 223.589.013.195 383.Total value of bonus shares issued 11.843.Net profit before tax 8.57 1.55 1.726.940.26 43.735.255 3.621.Export Sales (Net) 2. Subscribed & Paid up capital i).399.General.367.254 228.344./share) (E/No.47 11. administrative and other expenses i).324 343.985 222.Current ratio (B to C) 6.985.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 177.159 4.586 86.493 317.334.456 311.283.343.83 2.Return of equity (F7 as % of avg.97 0.29 0.688.880.563 28.163 14.Other input cost 3.911.Short term investments 5.050.180.726 348.786.863) 154.228 98.Gross Profit 4.00 2.Issued.761 12.038. shares) 9 0.699 159.817.252.47 4.668 104.671.001.628.87 0.346.939.112.927 5.49 2.156 146.404 42.007 45.46 5.295 1.820.963 61.515.39 0.872 81.754 111.682 110.340.214 107.906.653 311.Shareholders Equity (E1+E2+E3) 1.977 244.219 216.794.894 171.005.658.00 1.39 4.978.Debt equity ratio [(C+D) to E] 8.537 20.13 0.427 - - - - 270.624.717 168.395.036 6.94 5.46 7.517 116.724 14.977.384 356.886 28.Net profit margin (F7 as % of F1) 15.148 279.081 62.155 50.066 49.84 0.326 74.029 42.856.754 1.973.573 4.626.614.32 6.376.408 1.321.88 2.855.820 15.Capital Reserve ii).649.966.742.900 2.158.569 108.321 236.638.32 4.535.054.907.07 -1.431.33 3.518 G.Overall Items A.482.Financial expenses of which: (i) Interest expenses 7.79 4.129 3.78 0.482.631.124 277.140.07 4.25 -0.482.144.Depreciation for the year 5.Short term Secured loans 2.429.353 236.555.626.305.249.619.608 4.347.516 38.Ordinary Shares ii).502.835.273 187.072.011 337.370.923.133 51.206 5.Operating fixed assets at cost 3.391 1.04 4.309.104.78 0.972.55 -4.198 17.520 124.688 10.433 19.83 3. shares] 17.841.131.678 2.319 - - - - 27.00 1.471.124 192.Dividend cover ratio [(F7-F8) to F9] 12.939 53.(A+B)] 9.Earning per share after tax (Rs.10 88.924 34.105.720 24.173.Retention in business (F7-F8-F9) 4.539.91 44.721 425.35 0.263 38.060 35.991 11.538.160 10.711.749 220.367.189 6.896.Cost of sales i).117 210.862 43.Other non-current assets B.621.156 5.432.548 14.736 4.08 1.521 40.114 445.300 234.Long term unsecured loans 3.159 6.563 61.135 533.183.14 4.954 22.832 13.833.160.716.982 23.287 58.555.Tax provision (current year) 9.724 36.417.206.010 16.163 (11.94 0.58 5.230 81.832.815.902 154.651.377.334.657.Trade Debt 4.543.661.622.477 162.Cash flows from operations - - - - 11.71 1.155 250.071) 286.67 0.244 103.088.572 1.254.970 147.332.226 63.822 137.537 28.744.744.Miscellaneous 1.388.130 27.626.18 0.449.363. E) 10.15 36.Current Liabilities (C1+C2) 1.76 3.663 5.656 175.872 15.516 4.963.314 108.159 3.97 0.32 10.161.183 388.202.927.341 119.206 362.655.146.372.236.766 197.90 0.210.832 - - - - 67.822.658 177.844 222.490 259.677 34.71 11.647.601 7.44 10.570 8.Current Assets (B1+B2+B3+B4+B5) 1.Total fixed liabilities (D1+D3) 3.576 350.362 85.239 15.718 208.321.437 121.743 299.946.250.454.529.194.96 2.102.589 51.810.463 42.828.163 3.419 67.977 38.595 8.387.75 1.235.763 249.37 3.77 3.698 1.223.76 7.095 71.239 65.196.661 161.470.413 276.023 1.666 19.100.37 3.828.250.704 F.993.744 226.638 85.00 -2.542 102.082.869 5.314 248.254.377.Other non-current liabilities E.226 244.66 0.078 247.527 78.696.81 -2.Local sales (Net) ii).961 49.985.Preference shares 2.820 39.08 88.581 19.672 135.909.849 114.87 1.681.Operating fixed assets after deducting accumulated depreciation 4.836 1.32 .51 36.Selling & distribution expenses ii).530.555.046.Long term investments 7.618.53 12.454.458 228.Debentures/TFCs 4.421 15.Operation: 1.90 13.911.761.39 1.Total capital employed (E+D) 2.812 32.569 51.547.810.332 14.93 84.149 183.613.759 944.359.092 6.Non-Current Assets (A1+A3+A5+A6+A7) 1.119.714 80.495 215.45 6.578 66.255 261.991.86 87.626.011.76 - - - - 4.63 2.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Trade Debt as % of sales (B3 as % of F1) 4.688.741.88 -0.757.559 115.981 179.689 4.892 82.877 848.56 -1.840.336) 2.931.446.275.180.823.019.899 1.988.630.146 (8.35 6.Other current liabilities D.961 55.311 86.141 46.27 8.Administrative and other expenses 5.568.111 4.04 0.Cost of material ii).238 245. wages and employee benefits 6.101.791 2.928 26.520 - - - - 32.822.402.126.697.817 56.Employees benefit obligations 5.29 2.Inventory Turnover Ratio (F1 to B2) 13.169 15.61 - - - - 8.933 140.107 104.992.334.992 45.528 - - - - 5.778 48.968.089.85 35.400 102.756.719.Salaries.582.688 5.910 184.Inventories 3.74 0.751 506.281 39.46 11.Acid test or quick ratio[(B1+B3+B4) to C] 2.275.258 16.Reserves i).788.30 6.017 28.347 2.672.038 10.896.563 33.607 - - - - 102.

58 4.7% 10% 2.51 .55 -2 Currtent Ratio Debt Equity Ratio Net Profit Margin -0.89 Percentage 10 8 6 4 2 0 -2 -4 5.64 2009 2009 14 Percentage 4.2% 20% 15% 7.0% Billion Rs 400 300 200 100 0 -100 13.86 0.1% Non-Current Assets Current Assets Current Liabilities 2010 2009 -10% Non-Current Shareholders Laibilities Equity Growth Growth & Composition of Operations 2009 2010 600 500 763.25 3 2 1.81 Return on Equity -2.6% Key Performance Indicators Profitability/Efficiency Ratios 16 14.93 1 0 -1 Return on Assets -0.5% 5% 3.5% 0% -5% -5.79 0.8% Sales Gross Profit Net Profit Before Tax Growth 900% 800% 700% 600% 500% 400% 300% 200% 100% 0% 42.91 4 8.56 Return on Capital Emloyed -1.67 5 2010 12 2010 6 2.97 Earing Per Share after Tax -1.Billion Rs Growth with Composition of Assets & Liabilites 400 350 300 250 200 150 100 50 0 25% 23.

686 109.367.090 273.073 40.021.54 1.656 16.752.131.922 185.580 23.44 6.Assets turnover ratio [F1 to (A+B)] 5.135.599.785.065 67.993.653 7.615 211.Total capital employed (E+D) 2.809.895 166.584 68.094.534.678 328.852 251.432.183.107 193.797 229.024 37.777 2.888 3.551.579 218.Inventory Turnover Ratio (F1 to B2) 13.Cost of sales i).Export Sales (Net) 2.054.620.300.86 0.07 1.500 53.049 1.866) 133.638 23.General.919) 249.318.653 8.79 2.932 197.641 28.Selling & distribution expenses ii).111 57.65 11.963.141.93 1.177.025.468.489 93.400.49 2.51 10.152.913.125.562.75 1.173 2.Financial Statement Analysis of Non Financial Sector 2010 Spinning.921.129.926 11.920.618.355 89.Gross Profit 4.619 0.422 247.983 30.433 31.92 - - - - 5.845.962.057 210.776 117.760 173.Short term Secured loans 2.192 (1.373 26.502.799.346.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.964.31 5.670 138.197 193.948.823 156.17 0.642.968 129.865.750.09 5.Other non-current liabilities E.Depreciation for the year 5.876 158.362.969 3.306 4.363.642 71.Other non-current assets B.655 39.194.105.133.14 2.314 11.151 152.Salaries.244 7.915.362.53 0.595.Preference shares 2.185 46.569.903.877 15.76 0.517 88.725 6.03 87. wages and employee benefits 6.187 (4.Capital work in progress 2.777 4.163 (8.295.Cash & bank balance 2.69 2.677.06 -0.78 0.656 36.687.70 8.417 2.107 - - - - 10.485 47.984 2.951.327.154.366 1.039 89.297 97.198.487 12.034 143.425.244.375 30.581.893 8.928 200.530.528.Total value of bonus shares issued 11.060.729.434 17.646.514 1.330.076 432.05 0.509.175.626.362 12.768 146.268 56.620.256 4.08 88.308 5.876.321 106.248 14.988 68.42 3. of Ord.45 6.306 10.081 361.36 8.213.574 80.Inventories 3.526.95 13.538 993.10 87.Financial expenses of which: (i) Interest expenses 7.08 40.750.570 8.256.Tax provision (current year) 9.353 2.270 13.82 4.913 105.Employees benefit obligations 5.Issued.286 35.296 95.684 4.060 24.43 13.107 380.20 4.309 175.Key Performance Indicators 0.Other input cost 3.007 8.712.Financial expenses as % of sales (F6 as % of F1) 3.864.125 297.730.454.554.855 221.454 289.712 - - - - 88.787 - - - - 23.061 229.048 64.97 -0.119.891.Miscellaneous 1.832 12.009 2.605 18.561 235.389.237 129.Short term investments 5.742.36 3.00 2.20 .414.757.42 -2.339 146.449.230 74.Long term investments 7.952.501 37.43 3.080 13.519.96 4.Shareholders Equity (E1+E2+E3) 1.914 129.512 1.524.575.973 26.785.77 2.884 36.958 101.519 15.025.Net profit margin (F7 as % of F1) 15.337.54 0.708.012.12 88.275.00 1.072.79 3.033 66.896.70 -0.Return of equity (F7 as % of avg.329 191.179 188.828 117.635.133.496.947.703 - - - - 214.Local sales (Net) ii).405 4.877 - - - - 5.345 95.671.666 8.407.Return on capital employed ( F7 as % of avg.264 55.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 146.832 - - - - 54.374 10.533 4.Trade Debt 4.097.Operating fixed assets after deducting accumulated depreciation 4.071 318.23 44.327 43.112 3.83 5.Return on assets [F7 as % of avg.854 2.87 0.176 495.794.095.171.Operation: 1.956 34.128 68.890. administrative and other expenses i).774.374 5.584 271.00 1.Dividend cover ratio [(F7-F8) to F9] 12.Total amount of dividend 10.210.275.05 40.418 75.912.376 4.513 1.569.017.950 86.503.Acid test or quick ratio[(B1+B3+B4) to C] 2.17 -0.963.960 150.099 4.505.46 - - - - 6.994.339 4.846.896 64.Break-up value shares (Rs.08 4.743 316.281 56.632.708 28.134.03 13.Overall Items A.005.288.798 22.775 16.Contractual Liabilities (G2+C1) H.628 47.391.00 4.589.69 4.100 39.189 8.668 F.77 2.063.81 1.809. of Ord.61 10.202 12.482.658 12.170.246.970 42.66 0.768 214.989 255.886.945.75 1. Weaving.531.Capital Reserve ii).215 98.004) 2.750 16.058.287.520 533.149.718.281 1.547 72.Total fixed liabilities (D1+D3) 3.548 34.623 85.877.046.365.54 43.269.856 1.168. Subscribed & Paid up capital i).36 0.727.898.517 93.Trade Debt as % of sales (B3 as % of F1) 4.377 32.811.864 13.163 13.599 189.Retention in business (F7-F8-F9) 4.933 - - - - 27.47 7.83 3.610.Operating fixed assets at cost 3.488 30.626.Operating cash flow to debt ratio [F11 to (C+D)] 16.039.466.071.768 105.053.24 0.810.825 320.Other current liabilities D.Sales i).797 207.180 153.897 23.Other current assets C.310 47.49 0.Cost of goods sold to sales (F2 as % of F1) 7.69 1.Administrative and other expenses 5.928 20.522.278 G.875.807.444 59.88 86.944.203.Ordinary Shares ii).426.540.540.866 185.269 34.830.618 3.60 13.00 -2.195 24.608.330.67 7.941 11.280 204.774 20.85 3.269 13.Debt equity ratio [(C+D) to E] 8.921.641 197.22 3. shares) 11 0.946 11.426.132 177.565.074.940.Intangible assets 6.208 118.52 1.068.91 -4.75 3.763.788.47 5.169.199.546.056.684 14.778.932.687 3.772.075 318.709 3.515.857 192.27 0.769.668 88.795.718 274.177.23 0.092.210 24.102 37.281.512.98 3.311.960.417 31.017 - - - - 38.692 31.099 1.517.405.824.797. Finishing of Textiles .31 6.560.504.470 281.025.850 13.583 137.433.281 215.636.570. E) 10.960.239.170.835.619.583 47.Reserves i).830.189 34.188.Current Liabilities (C1+C2) 1.Current ratio (B to C) 6.Earning per share after tax (Rs.899.59 0.935.098 120.51 12.135 145.641 67.104.178 41.953.(A+B)] 9.83 0.127.91 83.95 1. shares] 17.809.Cost of material ii).212 5.714.498.06 5.Debentures/TFCs 4.119 1.77 0.92 39.472.Non-Current Assets (A1+A3+A5+A6+A7) 1.903.98 4.300.420.783.722 924.788 188.818.399 32.Net profit before tax 8.190.371.186.421 217.62 4.735.888 190.866 179.119 91.407 160.917.181 4.12 0.23 -0.Long term unsecured loans 3.678 11.948.814.197 36.518 104.560.Cash flows from operations - - - - 8.Current Assets (B1+B2+B3+B4+B5) 1.001.328 184.751.327 51./share) [(F7-F8)/No.624 625.336 56.129.407 52.061.823 89. G1) 11.975 59.763.982 5.128 42.081 24.766 302.355.303.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.222 1.262.067 141.801.537 176.568 254.376.Long term secured loans 2.501.070.376 125.28 9.870.662.678 29.794.246 85.77 1.90 39.655.Revenue Reserve 3.354 57.509./share) (E/No.

19 0 Sales -100 Gross Profit Net Profit Before Tax -1.58 380.27 Earing Per Share after Tax -0.29 100 23.09 8 6 4.6 4 Percentage Percentage 2010 5 2010 10 2009 6 12 3 2.90 300 200 52.36 4.7% Current Non-Current Shareholders Liabilities Laibilities Equity 2010 Growth Current Assets 2009 0% Growth & Composition of Operations 2009 500 Billion Rs 400 2010 432.80 71.92 .23 0 -1 Return on Equity -0.17 2 0.7 14 2009 5.6% 5% 50 0 Non-Current Assets 0.02 Key Performance Indicators Profitability/Efficiency Ratios 13.42 0 -2 Return on Assets -0.1% 0.82 0.7 Return on Capital Emloyed Currtent Ratio Debt Equity Ratio Net Profit Margin -0.88 1.91 1 2 -0.54 4 8.Growth with Composition of Assets & Liabilites 350 25% 300 20.9% 100 4.0% 20% Billion Rs 250 15% 200 150 10% 7.

19 118.64 -4.00 19.Earning per share after tax (Rs.34 103.Cost of material ii).561 385.086) 40.780 17.Shareholders Equity (E1+E2+E3) 1.765 66.Short term Secured loans 2.Depreciation for the year 5.Break-up value shares (Rs.268 (5.923 343. shares] 17.695 0 83.99 6.03 9.478 40.00 -3.95 -1.Long term investments 7.Acid test or quick ratio[(B1+B3+B4) to C] 2.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.02 -0.Capital work in progress 2.224 7.21 0.00 -9.467) 0 353./share) [(F7-F8)/No.315 0 0 0 0 0 0 0 13.250 40.Local sales (Net) ii).Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 390. of Ord.Financial expenses of which: (i) Interest expenses 7.Operating cash flow to debt ratio [F11 to (C+D)] 16.442 247.540) 1.245 0 (72.02 - - - 0.Long term secured loans 2.756 27.598 35.645 913 177.792 7. administrative and other expenses i).16 - - - -20.00 -6.804 0 (24.01 -18.37 13.912 40.204) F.000 0 (233.473) 0 0.Cash flows from operations - - - - 5.Issued.933 390.Operation: 1.080 6.53 0.Total fixed liabilities (D1+D3) 3.423 0 11.665 209.Ordinary Shares ii).Key Performance Indicators 1.707 0 (14.226 7.43 0.746 4.Other current assets C.500 - - - - 4.373 0 (12.765 0 167.48 1.00 0.69 0.83 - - - - - - 0.89 -6.52 0.442 103.332 (11.Operating fixed assets at cost 3.40 131.02 -26.770 0 209.891) 248 0 0 (24.Net profit before tax 8.88 10.000 0 9.00 - 0.172 0 71.756 0 247.19 19.050 6.Tax provision (current year) 9. wages and employee benefits 6.12 0.Employees benefit obligations 5.252 (351.Salaries.788 304.500 225.Current Liabilities (C1+C2) 1.634 270 303 208 223 50 164 109.48 -28.268 3.07 0.315 - - - - (11.Financial Statement Analysis of Non Financial Sector 2010 (Colony) Sarhad Textile Mills Ltd.710 16.71 0.251 930 0 0 0 0 - - - - 0 11.887 216.Other input cost 3.490 115.49 -8.481 40.964 5 83.423 4.Selling & distribution expenses ii).892 180.952 0 47.655 0 169.000 142.892 510.Cost of sales i).000 0 5.800) 0 215.250 6.Cost of goods sold to sales (F2 as % of F1) 7.09 1.00 0.273 386.39 -6.Financial expenses as % of sales (F6 as % of F1) 3.700 204.Inventory Turnover Ratio (F1 to B2) 13.Other current liabilities D.Trade Debt 4.462) 4.473) 0 0 0 (7.000 0 38.87 0.665 1.892 343.883 0 304.040 354. shares) 13 - - - 11. of Ord.84 0.000 0 13.10 1.03 -14.046 G.22 -2.30 - - -0.85 -2.217 - - - - 40.702 0 120.62 0.250 40.692 0 (21.Gross Profit 4.003 7.800) 0 0 32.62 35.567) 3.118 509.169 343.73 -59.81 -4.Intangible assets 6.Operating fixed assets after deducting accumulated depreciation 4.724 56.339 336.217 40.60 0.757 386.70 12.865 61 99.912 40.497) 0 0 0 (7.481 0 0 62.06 0.Dividend cover ratio [(F7-F8) to F9] 12.66 -3.000 0 63.Administrative and other expenses 5.00 0.403 388.777) 0 80.Total amount of dividend 10.425) 7.275 0 0 0 0 0 0 0 11.139) 0 422.292) 164.169 0 510.018 56.000 109.11 0.645 189.56 -25.14 - - - - 5.000 49.298 0 151.Other non-current assets B.025 294 235.497) 0 208.87 -40. E) 10.414 0 0 0 5.Debt equity ratio [(C+D) to E] 8.60 -1.Debentures/TFCs 4.Current ratio (B to C) 6.Retention in business (F7-F8-F9) 4.64 0.36 4.427 0 64.Non-Current Assets (A1+A3+A5+A6+A7) 1.Short term investments 5.Return on capital employed ( F7 as % of avg.946 167.Preference shares 2.118 510./share) (E/No. Items A.Net profit margin (F7 as % of F1) 15.Revenue Reserve 3.860 87 23.000 110.00 1.000 78.48 0.677) 40.96 0. Subscribed & Paid up capital i).Return of equity (F7 as % of avg.12 -35.230 - - - - 0 0 0 0 - - - - 343.Contractual Liabilities (G2+C1) H.882 0 (14.964 50 83.31 0.Long term unsecured loans 3.000 0 (344.752 (235.689 (14.63 0.275 0 13.923 0 180.069 5.210.031 1.952 35.84 -5.00 -5.93 -10.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.00 0.Trade Debt as % of sales (B3 as % of F1) 4.00 -1.148 510.00 -3.426) 6.Reserves i).283 291.03 -3.567 - - - - (1.312 385.General.689 (72. G1) 11.Return on assets [F7 as % of avg.706 38 5.037) 447.000 (140.561 3.03 25.Total capital employed (E+D) 2.347 0 53.481) 296 0 0 (21.Assets turnover ratio [F1 to (A+B)] 5.629 60.655 355.03 11.01 0.892 27.031 388.000 40.467) 0 0 0 (14.Total value of bonus shares issued 11.622 1.905) 5.724 0 58.62 .265 214.Capital Reserve ii).273 1.11 -3.804 2.59 -32.Inventories 3.629 0 357.Cash & bank balance 2.Sales i).(A+B)] 9.788 0 209.Miscellaneous 1.838 - - - - 510.Other non-current liabilities E.020 349.Export Sales (Net) 2.331 169.964 42 2.12 159.332 4.Current Assets (B1+B2+B3+B4+B5) 1.250 (11.000 40.172 60.007 7.

Short term investments 5.071 881.Contractual Liabilities (G2+C1) H.Return of equity (F7 as % of avg.077 3.Sales i).887 0 0 (32. of Ord.391 777.74 0.Trade Debt 4.Intangible assets 6.181 0 (17.402 0 43.628 0 34.620 120.221 352.763 368.054 13.68 0.02 0.Operation: 1.90 0.Revenue Reserve 3.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.32 2.531) F.687 0 52.Total value of bonus shares issued 11.814 28.745 162.912 0 374.(A+B)] 9.620 0 132.221 13.58 110.02 96.057 73.770 120.814 28.101 27.12 -0.054 380.709) 277.176 7.29 3.13 2.512 542.402 0 - - - - 162.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.230 0 516.501 120.900) 133.330 0 (11. Subscribed & Paid up capital i).43 -2.204 199.75 0.187 55.962 225.35 -7.956 75.422 157./share) [(F7-F8)/No.Assets turnover ratio [F1 to (A+B)] 5.29 -12. wages and employee benefits 6.83 1.228 12.501 - - - - 4.Capital work in progress 2.365 108.687 0 18.688 55.Debt equity ratio [(C+D) to E] 8.814 44 8.43 1.691 0 0 0 0 - - - - 0 0 0 0 122.739 (12.19 14 - - - - 9.432) 73.719 30.687 73.093 16.407 595 0 (13.887 (172.690 478.23 6.005 199.15 3.Dividend cover ratio [(F7-F8) to F9] 12.928 1.005 199.967 368.81 0.095 101.766 19. E) 10.325 352.252 3.90 0.68 94.873 20.117 27.095 213 0 213 0 137.912 374.045 314.Current ratio (B to C) 6.900) 55.18 2.Operating cash flow to debt ratio [F11 to (C+D)] 16.666 0.23 6.187 55.Operating fixed assets after deducting accumulated depreciation 4.13 12.304 461.943 138. shares) 7.691 322.641 140.620 120.013) 17.850 (34.03 0.Gross Profit 4.093 28.688 34.688 0 (155.754 274.34 2.Total amount of dividend 10.384 56.688 157.25 -28.13 6.020 0 18.31 16.567 56.462 136.83 0.Earning per share after tax (Rs.Inventory Turnover Ratio (F1 to B2) 13.Break-up value shares (Rs.532 55.097 104.Preference shares 2.867 G.13 7.739 (12.549 55.Trade Debt as % of sales (B3 as % of F1) 4.752 479.82 -2.Cash & bank balance 2.230 542.405 0 0 (6.962 203.35 -7.084 89.53 - - - - 10.093 84.27 -3.Miscellaneous 1.013) 17.688 0 82.14 - - - - 0.78 -9.709) 0 0 0 (11.Shareholders Equity (E1+E2+E3) 1.626) 3.865 16.00 -1.03 -6.873 20.Salaries.840 105.Current Liabilities (C1+C2) 1.79 0.53 99.99 4.688 0 101.Capital Reserve ii).175 18.48 -64. G1) 11.25 -1.72 0.Cash flows from operations - - - - 15.709) 277.962 121.Current Assets (B1+B2+B3+B4+B5) 1.280 377.819 101.819 - - - - 199.204 0 0 0 0 43.489 78.542) 4.138 37.220) 8.174 377.Other current liabilities D.Financial expenses of which: (i) Interest expenses 7.Short term Secured loans 2.Key Performance Indicators 1.339 276.093 53.704 25.78 5.Non-Current Assets (A1+A3+A5+A6+A7) 1.573 811 9.874 52.117 27.871 0 25.688 0 (155.00 0.Tax provision (current year) 9. Items A.239 157.620 0 132.26 -4.840 105.Long term secured loans 2.489 2.91 0.40 9.489 78.25 .276 777.462 179.354 881.29 1.513) 84.237 55.13 12.526 374.14 23.Total capital employed (E+D) 2.78 -0.770 7.455 27.40 -6.138 50.58 110.573 9.49 1.962 0 22.058 95.384 0 13.14 19.Operating fixed assets at cost 3.14 2.511 103./share) (E/No.Long term investments 7.Total fixed liabilities (D1+D3) 3.939 16.Export Sales (Net) 2.Issued.37 6.Long term unsecured loans 3.687 34.575 22.19 0. of Ord.76 -0.Net profit margin (F7 as % of F1) 15.544) 108.56 -35. shares] 17.177 380.101 - - - - 26.219 55.64 -10.767 203.883 0 (34.25 -28.512 133.18 13.Local sales (Net) ii).Net profit before tax 8.97 28.Return on assets [F7 as % of avg.078 37.159 15.790 89.12 -0.Employees benefit obligations 5.391 0 748.173 55.290 179.Return on capital employed ( F7 as % of avg.03 -6.850 (34.100 0 2.Acid test or quick ratio[(B1+B3+B4) to C] 2.028 242.54 95.13 -18.902 0 445.Other current assets C.045 197.Cost of sales i).763 13.Financial Statement Analysis of Non Financial Sector 2010 (Colony) Thal Textile Mills Ltd.600 0 445.389 322.887 (172.956 3.31 16.610 134.325 0 22.Selling & distribution expenses ii).814 44 8.Cost of goods sold to sales (F2 as % of F1) 7.53 -12.37 24.101 - - - - 55.53 0.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 403.78 -0.788 55.861 55.204 (34.86 0.Inventories 3.943 383.325 - - - - 470.26 0.General.709) 0 0 0 (11.Financial expenses as % of sales (F6 as % of F1) 3.666 277.Other non-current liabilities E.Other non-current assets B.557) 1.354 0 831.00 -3.028 242.Other input cost 3. administrative and other expenses i).101 27.591 3.57 0.88 3.Administrative and other expenses 5.14 23.Debentures/TFCs 4.093 274.931 23.280 10.24 1.15 1.902 403.Retention in business (F7-F8-F9) 4.Depreciation for the year 5.097 104.60 -101.10 2.Reserves i).43 -8.00 -6.Ordinary Shares ii).290 277.220) 8.875 0 0 - - - - 7.204 (34.531) 300.176 30.99 1.24 -1.239 88.688 108.26 0.146 85.339 195.Cost of material ii).228 12.

Acid test or quick ratio[(B1+B3+B4) to C] 2.79 -2.181 (120. wages and employee benefits 6. E) 10.36 0.584 (231.Other non-current liabilities E.281 269.Return on capital employed ( F7 as % of avg.000 0 (437.Long term unsecured loans 3.Operating fixed assets after deducting accumulated depreciation 4.124) 1.814 395.828) 93.429 0 (22.281 0 306.924 259. shares] 17.89 0.Other non-current assets B./share) [(F7-F8)/No.583 4.894 0 0 - - - - - - 190.556 399.01 0.Ordinary Shares ii).58 -1.Total fixed liabilities (D1+D3) 3.210 383.257 81.Return of equity (F7 as % of avg.358 269.893) 840 0 0 (1.649 0 0 F.17 9.178) 3.936 - - - - (17.Other input cost 3.649 378.470) 111.584 618.81 32.68 0.618) 1.526 285.000 93.89 -37.162 199.Cost of goods sold to sales (F2 as % of F1) 7.Retention in business (F7-F8-F9) 4.65 - - - - - - -11.178) 3.95 0.516) 93.Net profit margin (F7 as % of F1) 15.13 107.65 32.899) 0 (8.02 0.452 456.36 -11.733) 37.Gross Profit 4.89 -37.713) 93.256) 4.178) 3.814 11.02 0.14 0.452 302.869 179.94 -9.000 0 (443.44 1.758 378.Trade Debt 4.924 - - - - 457.924 259.Administrative and other expenses 5.000 0 (405.Export Sales (Net) 2.Revenue Reserve 3.96 -2.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.000 (350.53 0.Inventory Turnover Ratio (F1 to B2) 13.181 0.90 29.00 -0.General.181 (120. Subscribed & Paid up capital i).Short term Secured loans 2.(A+B)] 9.945 287.Cash flows from operations - - - - 3.540 259.14 0.Total amount of dividend 10.587) 4.69 0.05 100.000 0 (443.05 100.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 302.Earning per share after tax (Rs.93 22.256) 4.924 13.814 0 229.00 -2.01 0.44 109.402 229.257 507.04 -1.44 1.163 1.Long term investments 7.Current Assets (B1+B2+B3+B4+B5) 1.362) 1.945 11.937 100.616 0 0 0 0 - - - - 0 0 0 0 86.540 14.616 259.649 0 3.409 0 210.36 0.61 20.565 945 535 535 535 - - - - - - (21.556 (120. Items A.46 0.00 -3.Inventories 3.760 2.992 2.950 (37.758 378.758 0 380.Employees benefit obligations 5.Tax provision (current year) 9.181 399.90 -5.453 37.Miscellaneous 1.626 11.68 0.68 0.814 395.362) 1.05 3.788 15.26 G.162 0 5.20 -0.600 1.Cash & bank balance 2.451 456.36 0.256) 4.28 1.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.626 11.00 1.600 1.936 0 0 (2.00 -0.71 -1.051 372 372 372 63.26 0.16 113.181 399.Operating cash flow to debt ratio [F11 to (C+D)] 16.516) 93.Financial Statement Analysis of Non Financial Sector 2010 Accord Textiles Ltd.79 -2.29 0.557) 5.583 4.Long term secured loans 2.Net profit before tax 8.950 4.949) 3.600 1.44 0.Trade Debt as % of sales (B3 as % of F1) 4.Current ratio (B to C) 6.75 5.000 (350.172 93.758 0 380.10 0.402 229.24 1.Contractual Liabilities (G2+C1) H.43 1.936 0 0 (2.894 0 0 (6.58 -1.626 0 19.11 -1.814 0 229.33 33.Current Liabilities (C1+C2) 1.116) 0 (2.939 0 0 (6.649 0 3.149 18.24 -0.83 7.01 0.43 1.924 13.89 -37.00 -0.736 (27.583 4.476 0 30.814 - - - - 0 0 0 0 0 0 0 0 0 0 - - - - 179.Issued.43 1.560) 4.013 2.71 -1.01 0.692 2.Sales i).Non-Current Assets (A1+A3+A5+A6+A7) 1.511 0 5.788 273.346 0 0 (32.815 287.Capital Reserve ii).Capital work in progress 2.06 0.921 111.58 -1.Short term investments 5./share) (E/No.407 (2.000 0 (81.Salaries.Financial expenses as % of sales (F6 as % of F1) 3.082 5.28 1.Cost of material ii).00 -0.20 0.Total value of bonus shares issued 11.017 50.11 1.713) 93.409 192.090 456.866 0 415.713) - - - - 93.71 . shares) 15 - - - - - - 3.760 0 18.05 100.713) 93.894 0 0 (6.402 229.924 13.57 -8. G1) 11.Return on assets [F7 as % of avg.758 378.162 0 5.133 273.362) 1.649 378.210 (59.123 229.Key Performance Indicators 1.248 259.41 0.38 0.Other current liabilities D.81 5.Dividend cover ratio [(F7-F8) to F9] 12.577 11.407 3.Operating fixed assets at cost 3.Cost of sales i).713) 0 0 192.046 285.Total capital employed (E+D) 2.115 68.Depreciation for the year 5.Assets turnover ratio [F1 to (A+B)] 5.Reserves i). of Ord.65 32.72 -37.Intangible assets 6.Debentures/TFCs 4.616 259.866 387.711 81.123 395.000 (350.760 0 18.713) 0 0 93.Operation: 1.117 0 26.81 5.Other current assets C.452 0 456.649 - - - - - - 8 2.046 377.393) 0 (34.42 0.736 4. of Ord.010 5.162) 93.000 0 (443.899) 0 (8.Selling & distribution expenses ii).181 161.000 (312.14 0.Debt equity ratio [(C+D) to E] 8.Preference shares 2.868 387.162) 93.Local sales (Net) ii).000 (344.49 0.Shareholders Equity (E1+E2+E3) 1.Financial expenses of which: (i) Interest expenses 7. administrative and other expenses i).Break-up value shares (Rs.27 -33.758 0 380.452 0 456.899) 0 (8.386 13.426 378.79 -2.

496 0 (38.827 1.16 -8.09 3.Trade Debt 4.888 0 51.00 -4.401 210.541 77.258 (13.554 (34.124) 77.Contractual Liabilities (G2+C1) H.Operating fixed assets after deducting accumulated depreciation 4.16 -7.Acid test or quick ratio[(B1+B3+B4) to C] 2.71 4.68 9.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.536 299.Cost of goods sold to sales (F2 as % of F1) 7.543 669 8.487 3.00 -4.21 -25.168 0 30.945 292.49 5.Salaries.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14. administrative and other expenses i).44 0.06 14.Long term unsecured loans 3.Total amount of dividend 10.771 0 23.557) 1.745 77.258 0 (256.944 19.923 184.48 - - - - - - 1.51 37.722 18.000 0 2.381) 0 0 0 (948) 205.497 - - - - 23.258 (13.09 0.12 2.Current Liabilities (C1+C2) 1.Other current assets C.35 3.Reserves i).19 0.Net profit before tax 8.General.680 210.Gross Profit 4.70 .75 0.20 99.258 77.236 0 25.223 45.543 8.127 5.04 0.726 23.548 G.62 5.220 6.00 -0.77 -36. Subscribed & Paid up capital i).496 0 (38.28 -33.Debentures/TFCs 4.Return of equity (F7 as % of avg.Cost of sales i).Local sales (Net) ii).53 2.02 13.Other current liabilities D.657 163.839 51.073 173.000 0 2.053 0 0 (25.Earning per share after tax (Rs.137 48.Inventory Turnover Ratio (F1 to B2) 13.Return on capital employed ( F7 as % of avg.176 85.Total value of bonus shares issued 11.536 163.827 1.Shareholders Equity (E1+E2+E3) 1.00 -20.04 3.832 249.491) 166.208 2.Cash & bank balance 2.381) 191.378 53.15 - - - - 11.38 0.403 111.23 -21.97 -1.890 2.08 0.258 87.Revenue Reserve 3.06 0.Other non-current liabilities E.554 0 34.659 107.20 0.35 0.70 0.01 - - - - 0.315 11.657 299.50 92.Administrative and other expenses 5.58 -23.023 1.719 16.554 (34.Miscellaneous 1.654 227. G1) 11.929 0 0 0 34.933 16.491) 0 (256.654 85.163) 77.99 -636.(A+B)] 9.536 257.Selling & distribution expenses ii).827 (38.208 459.135 0 29.Operating cash flow to debt ratio [F11 to (C+D)] 16.Financial expenses of which: (i) Interest expenses 7.00 -20.05 -11.Trade Debt as % of sales (B3 as % of F1) 4.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 459.Retention in business (F7-F8-F9) 4.Total fixed liabilities (D1+D3) 3.491) 77.Short term investments 5.192 740.Capital work in progress 2. E) 10.92 0.070 166.Total capital employed (E+D) 2.67 -3.500 0 0 (20.283 0 0 174. of Ord.62 -58.33 0.383 41.778 310.Other non-current assets B.528 64.00 -3.Depreciation for the year 5.44 -6.817 740.000 0 0 0 34.Long term investments 7.14 141.06 - - 0.589 53.258 0 10.Other input cost 3.334 0 (22.Debt equity ratio [(C+D) to E] 8.610) 77.134 77.00 -2.967 12.Key Performance Indicators 1.74 6.258 25. shares] 17.223 45.195 0 (477) 249.323 417.730 0 (36.Non-Current Assets (A1+A3+A5+A6+A7) 1. of Ord.944 452.258 0 34.Cost of material ii).Operation: 1.39 0.137 417.408 0 0 0 0 - - - - 0 0 0 0 252.487 0 25.771 0 174.747 104.624 15.02 8.00 -4.Operating fixed assets at cost 3.16 0.19 4.60 18.624 473.644 473.487 3.Financial Statement Analysis of Non Financial Sector 2010 Adil Textile Mills Ltd.807 176.701 2.827 (38.719 20.313 88.Issued.97 -1.258 0 (26. wages and employee benefits 6.596 111.680 0 210.15 -36.717 20.Ordinary Shares ii).454 433.192 740.000 749 1.Intangible assets 6.408 412.00 0.57 0.15 0.92 11.747 436.996 1.722 18.Dividend cover ratio [(F7-F8) to F9] 12.31 -51.659 - - - - 0 0 0 0 - - - - 93.258 0 (52.360) 5.75 4.36 -16.50 0.554 0 34.Capital Reserve ii).137 0 62.536 0.725 26. Items A.629 257.554) 2.381) 191.258 0 (256.Current Assets (B1+B2+B3+B4+B5) 1.Net profit margin (F7 as % of F1) 15.32 0.343 191.717 433.26 - - 0.29 291.711 0 25.343 191.759 93.Break-up value shares (Rs./share) [(F7-F8)/No.507 28.258 77.88 0.596 407.163) 77.612 1.00 0.040) - - - - 77.554) 2.916) 41.127 (18.137 44.218 77.49 0.011 44.236 506. shares) 16 - - -36.Assets turnover ratio [F1 to (A+B)] 5.454 412.701 33.Export Sales (Net) 2.Inventories 3.491) 0 (256.962 0 30.45 0.589 359.784 452.933 16.807 176.070 316.524 292 195 49 45 45 180.830 0 (25.688 290.527) 184.974) 1.Cash flows from operations - - - - 11.53 0.888 0 1.487 77.137 - - - - 713.323 20.941 52./share) (E/No.76 3.94 -67.643 16.58 -6.76 -4.073 411.Sales i).612 107.381) 0 0 0 (948) F.137 449.Long term secured loans 2.140 7.01 0.025 17.685) 231 0 0 - - - - 749 1.Financial expenses as % of sales (F6 as % of F1) 3.777 74.093 205.110 743.27 93.929 - - - - 1.228 16.Return on assets [F7 as % of avg.207 740.515 77.Tax provision (current year) 9.208 2.Employees benefit obligations 5.Short term Secured loans 2.148 110.Current ratio (B to C) 6.553 0 0 (35.Preference shares 2.

608 259.73 0.530 1.Capital work in progress 2.687) 13.188.10 6.Capital Reserve ii).53 16.006 39.Local sales (Net) ii).97 0.Acid test or quick ratio[(B1+B3+B4) to C] 2.736.191 460.917 0 104.598 28.835 943.768 571.Employees benefit obligations 5.Return on assets [F7 as % of avg.966 298.00 7.Current Assets (B1+B2+B3+B4+B5) 1.Short term Secured loans 2.559 233.888 57.972 1.Other input cost 3.02 4. administrative and other expenses i).Cash & bank balance 2.880 1.Revenue Reserve 3.169.900 426.082 0 151.443 0 0 28.972.797 668.Financial expenses of which: (i) Interest expenses 7.739.350.931 1.708 506.98 1.040 144.63 91.General.00 .890 2.09 2.12 0.234 453.781 1.62 2.Debt equity ratio [(C+D) to E] 8.072 865.082 835.151 0 81.97 -5.491.77 90.619 0 0 194.948 1.09 4.Cost of goods sold to sales (F2 as % of F1) 7.16 6.68 5.33 0.428 1.996 582.746 119.Reserves i).705 188.Non-Current Assets (A1+A3+A5+A6+A7) 1.Operating fixed assets at cost 3.277.Net profit margin (F7 as % of F1) 15.082 741.Gross Profit 4.459 111.082 0 69.082 0 225.90 6.360 291. of Ord.Total value of bonus shares issued 11.982 662.191 48.861 544. G1) 11.823 32.428 822.118 667.46 3.101.Intangible assets 6.56 0.598.774.183 0 0 - - - - 142.864 96.Debentures/TFCs 4.802 155.314 1.55 0.596.258 400.Operation: 1.681 144.111 2.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.812 0 0 0 0 105.Issued.998 0 118.458.037 1.606 144.077 527.Contractual Liabilities (G2+C1) H.988.040 121.573 1.13 2.49 1.90 1. shares] 17.948 192.502 1.111 464.870) 897.706 125.Trade Debt as % of sales (B3 as % of F1) 4.987 103.20 0.654 0 52.141 636.000 0 105.784 F.237.039 1.134 1.329 125.611 1.558 212.082 0 691.06 0.111 107.015 1.651 0 0 2.619 130.763 144. shares) 17 - - - - - - 3.368 506.815 1.Cash flows from operations - - - - 39.88 0.Dividend cover ratio [(F7-F8) to F9] 12.017./share) (E/No.495) 12.809 199.134 1.782 144.443 (99.754 2.585 226.14 5.88 51.85 8.39 -17./share) [(F7-F8)/No.443 547.215 726.289 0 275.Total fixed liabilities (D1+D3) 3.740 688.000 0 - - - - 464.11 58.306.839 32.289 369.279.033 757.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 962.Inventory Turnover Ratio (F1 to B2) 13.028 0 17.547 2.37 29.29 - - - - 4.670.608 0 114.Retention in business (F7-F8-F9) 4.45 1.102 570 8.630 997.Short term investments 5.34 0.52 1.39 3.512.948 431.194 997.Tax provision (current year) 9.418 123.784 571.524 - - - - 144.Financial Statement Analysis of Non Financial Sector 2010 Ahmed Hassan Textile Mills Ltd.459 0 2.289 370.270 51.62 - - - - 40.665.66 -4.779 1.767 243.614 0.Trade Debt 4.247.371.Other non-current assets B.45 0.880 101.721 51.74 89.75 5.418 205.699 527.211 7.Earning per share after tax (Rs.Cost of sales i).863 260 107.77 7.97 2.63 58.37 6.954 0 2.87 89.147 2.157 121.11 8.437.17 10.582 99.19 25. E) 10.276.114) 1.726.740 2.191 676.161.Preference shares 2.33 3.247 2.613 1.211 852.487 (86.920 1.074 68.313 1.15 0.752 2.95 0.505 0 112.770 676.647 25.70 0.582 1.33 0.Miscellaneous 1.Shareholders Equity (E1+E2+E3) 1.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.863 4.673 860.386 1.00 1.001 2.120 101.305 432.234.033.926 111.34 4.97 -10.Total amount of dividend 10.831 614.43 -4.191 180.904 0 0 512.855.Total capital employed (E+D) 2.812 37.087 658.103.(A+B)] 9.990.809 897.Other non-current liabilities E.722 - - - - 1.913 962.556.392.746 37.699 453.94 87.792 1.973 0 2.Break-up value shares (Rs.999 419.176 2.48 5.147 - - - - 60.289 0 245.692 0 345.Selling & distribution expenses ii).21 31.007 727.Inventories 3.244 664.177 665.Other current assets C.708 0 0 0 (103.741 296.09 -6.92 5.351 667.95 2.00 4.039 1.093 144.Current ratio (B to C) 6.357.954.66 4.082 839.43 0.Administrative and other expenses 5.486 - - - - 139.070 - - - - 636.92 0. Subscribed & Paid up capital i).297 973.463 856.Long term unsecured loans 3.949.919 144.005.651.Export Sales (Net) 2.634 1.960 1.00 -8. Items A.017.214 0 (116.40 0.270 198.080 414.Operating fixed assets after deducting accumulated depreciation 4.328 170.695 1.97 4.427 3.24 0.12 7.040 1.Long term secured loans 2.415 4.955 48.70 1.769 11.20 -8.00 0.853 123.Cost of material ii).829 1.417 125.271 0 0 0 0 - - - - 0 260 0 260 630.Current Liabilities (C1+C2) 1.99 -2.401.65 91.194 47.56 0.64 -3.374 2.386.835 19.02 0.339 1.989 547.Long term investments 7.27 1.188.582 1.Return on capital employed ( F7 as % of avg.550 1.153 1.773.Assets turnover ratio [F1 to (A+B)] 5.16 0.673 802. of Ord.067.Key Performance Indicators 1.505.339 G.89 0.Salaries.923 431.082 125.Operating cash flow to debt ratio [F11 to (C+D)] 16.582 1.362.37 2.Sales i).081.437 94.Net profit before tax 8.023 260 134.795 161.Financial expenses as % of sales (F6 as % of F1) 3.17 0.Ordinary Shares ii).977 139.87 0.26 2.31 3.Other current liabilities D.Return of equity (F7 as % of avg.087 1.983 4.054. wages and employee benefits 6.Depreciation for the year 5.

00 0.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 418.67 1.284 26.600 0 249.80 2.47 10.14 42.05 1.787 166.225 24.Cost of material ii).805 0 0 (11.70 90.929 67.40 18.Capital Reserve ii).95 4.552 0 5.03 1.163 0 490.Cost of sales i).Return of equity (F7 as % of avg.819 345.21 5.758 182.365 10.73 14.370 75.614 909.600 324.551 401.642 5.265 19.480 197.764 445 197. of Ord.21 0.600 0 13.82 0.66 8.078 405.Other current liabilities D.00 92.82 .Local sales (Net) ii).Financial Statement Analysis of Non Financial Sector 2010 Al-Qadir Textile Mills Ltd.155 229.600 0 172.000 93.46 4.Total value of bonus shares issued 11.299 69.455 3.585 F.648 107.70 12.118 7.342 75.929 162.667 790.585 380.Other non-current assets B.Total amount of dividend 10.35 0.572 175.08 2.Short term Secured loans 2. Items A.38 1.85 -1.812 84.Trade Debt 4.741 497.926 403.685 497.99 3.405 G.532 0 0 22.301 401.579 41.647 714.336 75.08 0.240 0 0 - - - - 48.250 51.Other input cost 3.88 1.71 1.Cash & bank balance 2.99 0.01 3.Net profit margin (F7 as % of F1) 15.110 705.77 1.898 12.113 5.598 6.Sales i).600 75.645 0 259.Current Liabilities (C1+C2) 1.497 21.201 151.423 398.05 0.464 180.645 0 169.79 0.47 95.127 876.527 0 0 15.256 0 505.000 284.80 5.414 6.898 - - - - 84.610 502.398 14.399 75.600 0 138.Long term secured loans 2.244 0 25.788 28.Tax provision (current year) 9.24 0.Ordinary Shares ii).770 75.296 0 24./share) (E/No.900 360.570 603.000 550.999 75.39 0.40 1.Revenue Reserve 3.325 20.260 28.370 0 28.65 - - - - 9.600 89.627 188.787 75.99 -1.17 9.822 861.215 1. shares) 18 - - - - - 6.474 168 454.000 380.457 0 0.Inventories 3.Cost of goods sold to sales (F2 as % of F1) 7.326 482.173 24.72 1.37 24.516 15.05 4.46 4.08 0.Current Assets (B1+B2+B3+B4+B5) 1.154 103.21 5.089 31.37 57.927 259.791 0 (13.066 456.66 90.47 0.636 0 11.Long term investments 7.617 - - - - 820.600 285.171 21.769 360.Retention in business (F7-F8-F9) 4.694 418.30 4.Return on assets [F7 as % of avg.710 15.Operating fixed assets after deducting accumulated depreciation 4.29 2.499 828.55 0.926 623 403.471 265 163.909 93.Short term investments 5.000 198.21 1.999 0 8.44 1.General.867 445 145.600 0 209.894 182.203 75.050 212.007 55.77 88.077 12.720 77.306 0 292.560 0 197.015 0 73.923 122.649 53.923 156.302 460.78 11.434 225.Capital work in progress 2.33 4.56 40.75 3.55 0.248 3.672 17. wages and employee benefits 6.41 1.Non-Current Assets (A1+A3+A5+A6+A7) 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.Reserves i).Administrative and other expenses 5.032 188.Total fixed liabilities (D1+D3) 3.54 4.091 5.73 0.Cash flows from operations - - - - 29.736 - - - - 75. of Ord.Key Performance Indicators 1.00 3.991 663.358 151.05 5.98 47.973 23.956 27.Operating fixed assets at cost 3.87 -5.Inventory Turnover Ratio (F1 to B2) 13.995 18.455 47.Net profit before tax 8.Operation: 1.035 0 23.00 -1.927 324.358 72.462 0 0 34.041 - - - - 0 0 0 0 0 0 0 0 0 0 - - - - 0 0 0 67.64 0.Selling & distribution expenses ii).392 75.65 0.573 0 55.943 373.Long term unsecured loans 3.(A+B)] 9.004 0 24.186) 2.250 0 4.Export Sales (Net) 2.00 8.678 67.73 0.375 455. Subscribed & Paid up capital i).564 175.43 0.718 118. shares] 17.Intangible assets 6.103 17.883 180.117 28.301 19.134 998.016 181.857 28.733 6.593 93.106.609 168 156.Salaries.Contractual Liabilities (G2+C1) H.Return on capital employed ( F7 as % of avg. G1) 11.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Debt equity ratio [(C+D) to E] 8.720 41.Issued.Depreciation for the year 5.57 90.Employees benefit obligations 5.141 108.610 5.426) 162.Total capital employed (E+D) 2.384 291.Dividend cover ratio [(F7-F8) to F9] 12.32 1.89 0.75 1.334 44.41 4.136 788.992 0 67.Shareholders Equity (E1+E2+E3) 1. E) 10.55 10.Financial expenses as % of sales (F6 as % of F1) 3.897 595.843 398.Financial expenses of which: (i) Interest expenses 7./share) [(F7-F8)/No.992 75.600 0 285.819 285.Assets turnover ratio [F1 to (A+B)] 5.Debentures/TFCs 4.423 27. administrative and other expenses i).297 25.600 307.54 5.Operating cash flow to debt ratio [F11 to (C+D)] 16.Trade Debt as % of sales (B3 as % of F1) 4.34 11.78 2.12 2.214 8.308 7.024 7.84 2.70 - - - - 16.364 23.002 433.103 39.09 2.012 783.Gross Profit 4.35 0.Other non-current liabilities E.78 37.Current ratio (B to C) 6.260 85.967 32.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.600 436.089 254.848 - - - - 71.248 29.901 523.47 8.00 1.Preference shares 2.087 747.56 22.345 3.206 0 0 0 0 - - - - 0 0 0 0 197.40 -4.Miscellaneous 1.015 114.41 0.956 380.Earning per share after tax (Rs.Other current assets C.Break-up value shares (Rs.848 761.

Revenue Reserve 3. wages and employee benefits 6.631 440.Net profit before tax 8.65 12.953 270.Export Sales (Net) 2.314 0 1.133 0 (567.801 7.931 0 (40.77 11.479 0 0 - - - - 0 0 0 0 336.667 886.Salaries.860 17.34 0.68 0.726 239.81 10.85 4.093 28.05 -8. Items A.Break-up value shares (Rs.494 0 233.121 0 7.211 92.10 2.Net profit margin (F7 as % of F1) 15.Employees benefit obligations 5.365 186.537 485.002.92 -16.59 -1.608) 568.113 23.275 15.802 481. of Ord.801 199.80 2.709 - - - - 54.29 8.Ordinary Shares ii).58 0.Miscellaneous 1.494 0 361.952 - - - - 5.429 0 0 - - - - 74.54 1.200 69.002.01 4.87 1.689 218.84 -30.Total amount of dividend 10.83 0.667 20.164) 218.326 134.Short term Secured loans 2.14 0.Shareholders Equity (E1+E2+E3) 1.Earning per share after tax (Rs.203 97.950 0 110.Inventories 3.Other input cost 3.27 4.885 829.46 113.270 191.345 844./share) [(F7-F8)/No.773 10.978 0 183.236 700.Long term secured loans 2.785 433.133 0 (535.Preference shares 2.39 0.385 52.959 0.133 249.195 0 64.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.197 10.19 -7.Cash flows from operations - - - - 17.Tax provision (current year) 9.929 439.133 191.359 882.Other current liabilities D.983 321.384 0 0 0 0 0 0 0 0 - - - - 92.793 0 0 (37.23 20.199 191.479 0 0 33.531 222.544 387.494 428.789 638.460 476.969 10.904 312.Operation: 1.Long term unsecured loans 3.145 1.(A+B)] 9.309 20. of Ord.494 553.929 763.02 -8.040 241.846 29.018.44 0.Total fixed liabilities (D1+D3) 3.656 817.Capital Reserve ii).72 86.Total capital employed (E+D) 2. administrative and other expenses i).Total value of bonus shares issued 11.34 0.575 212.14 0.12 0.953 326.496 29.18 11.Operating cash flow to debt ratio [F11 to (C+D)] 16.115 24.489 832.035 12.090 864.667 79.915 354.768 7.948 723.322 14.163 222.63 4.95 -3.916 155.42 -3.01 0.767 222.Selling & distribution expenses ii).498 1.46 0.Return of equity (F7 as % of avg.60 0.657 191.Current Assets (B1+B2+B3+B4+B5) 1.73 88.270 18.17 1.69 3.71 87.56 4.843 488.27 -38.087 2.242 442.Acid test or quick ratio[(B1+B3+B4) to C] 2.Gross Profit 4.Current Liabilities (C1+C2) 1.880 13.932 425.987 2.746 978.026 544.Current ratio (B to C) 6.085 0 0 11.176 718.133 223.257 998.735) 2.82 2.948 519.167 25.130 222.263 510.542 316.874 538.00 14.717 871.191 G.695 - - - - 314.997 - - - - 222.017 4.380) 181. Subscribed & Paid up capital i).494 419.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.244 (195.784 0 41.183) 29.Key Performance Indicators 1.07 2.Debentures/TFCs 4.87 0.09 25.24 0.367 0 52.663 326.924 184.36 16.384 26.17 -5.345 26.131 (195. E) 10.58 2.928 0 1.337 24.29 0.Local sales (Net) ii).656 22.10 11.776 191.00 -0.086 81.75 -60.90 -5.Other current assets C.Depreciation for the year 5.65 28.465 337.270 135.61 1.462 461. shares) 19 - - - - - - 2.947 0 0 (26.465 294.00 0.477 0 68.610 0 (29.026 554.383) 0 (567.090 34.General.03 0.335 F.Trade Debt 4.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 657.09 2.151 28.781 563.771 589.952 505.130 882.19 19.458 495.35 4.244 461.24 14.641 345.49 0.587) 2. shares] 17.Dividend cover ratio [(F7-F8) to F9] 12.Capital work in progress 2.Trade Debt as % of sales (B3 as % of F1) 4.344 127.769 1.706 75.194 294.037 181.44 0.798) 518.665 177.Financial expenses of which: (i) Interest expenses 7.04 1.340 571.069 0 3.45 1.715 3.115 61.00 0.497) 103 0 0 (13.636 864.Retention in business (F7-F8-F9) 4.69 88.171 1.Cost of material ii).510 154.Other non-current liabilities E.157 10.228 103.76 89.68 -0.705 191.799 210.27 0.Administrative and other expenses 5.150 468.181 0 59.Financial expenses as % of sales (F6 as % of F1) 3.664 0 9.140 263.856 263.24 7.133 0 196.34 0.94 21.00 0.210 210.926 228.Cost of goods sold to sales (F2 as % of F1) 7.06 5.70 - - - - 31.Sales i).015 29.90 -2.Return on capital employed ( F7 as % of avg.24 - - - - 1.953 18.608) 0 (535.741 655 18.204 86.781 135.Operating fixed assets at cost 3.28 1.90 9.Long term investments 7.557 370.312 0 425.32 13.Assets turnover ratio [F1 to (A+B)] 5.031 550.158 241.Return on assets [F7 as % of avg.10 2.799 197.715 (69.Issued.017 - - - - 756.261 574.45 0.843 745.077 18.541 574 1. G1) 11.315 608.87 3.Cost of sales i).153 76.Other non-current assets B.Debt equity ratio [(C+D) to E] 8.818 431.Contractual Liabilities (G2+C1) H.Financial Statement Analysis of Non Financial Sector 2010 Ali Asghar Textile Mills Ltd./share) (E/No.44 -4.599) 669.896 314.Short term investments 5.941 2.494 0 237.77 0.839 489.383) 222.Reserves i).Cash & bank balance 2.Operating fixed assets after deducting accumulated depreciation 4.Inventory Turnover Ratio (F1 to B2) 13.322 255.698 14.00 -0.Non-Current Assets (A1+A3+A5+A6+A7) 1.151 52.088 674.407 111.43 .318 111.463 360.Intangible assets 6.112 685.

39 5.000 8.80 1.020 1.000 124.703 53.380 827.000 0 129.Issued.Revenue Reserve 3.Current Liabilities (C1+C2) 1.62 10.Short term investments 5.Employees benefit obligations 5.50 17.381 113.023 187.07 1.00 2.771 98.288 F.142 827.929 8.04 7.02 171.428 4.Tax provision (current year) 9.69 5.Selling & distribution expenses ii).72 5.668 108.General.336 8.215 45.06 -49.79 5.59 -7.000 123.367 255.32 1.280 22.210 93.92 2.040 28.778 2.27 29.Long term investments 7.303.265 0 14.632 49.Ordinary Shares ii).17 0.585 (39. wages and employee benefits 6.Total amount of dividend 10.Operating cash flow to debt ratio [F11 to (C+D)] 16.22 104.187 21.255 123.727 2.69 1.464.Other current liabilities D.804 0 508 131.842 989.597 137.Administrative and other expenses 5.728 11.000 0 66.380 0 792.Cash & bank balance 2.758 52. of Ord.77 0.17 6.739 23.067.736 85.585 67.464.550 45.Depreciation for the year 5.257 19.497 123.794 247./share) (E/No.25 0.03 0.000 0 75.353 98.00 19.Intangible assets 6.284 289.63 0.066 314. shares) 20 - - - 8.479 24.Financial Statement Analysis of Non Financial Sector 2010 Allawasaya Textile & Finishing Mills Ltd.Break-up value shares (Rs.406 230.345 251.90 - - - - 4.08 -19.99 3.45 8.12 94.Current Assets (B1+B2+B3+B4+B5) 1.146 865.365 0 1.265 8.648 0 0 0 0 0 0 0 0 - - - - 0 0 0 84.Financial expenses of which: (i) Interest expenses 7.800 790.462 43.430 51.415 2.87 0.256 0 2.Preference shares 2.24 153.503 184.199 G.18 5.045) 4.021 26.673 0 45.Contractual Liabilities (G2+C1) H.308 0 (35.69 0.875 472 41.325 0 0 0 0 - - - - 0 2.Cost of sales i).778 66.Shareholders Equity (E1+E2+E3) 1. E) 10.Reserves i).31 0.067.151 99.16 95.211 0 65.Debentures/TFCs 4.41 -3.594 384.Long term unsecured loans 3.79 0.983 268.825 11.406 340.Return on assets [F7 as % of avg.215 3.252 89.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 99.263 (39.825 208.065 2.462 3.57 0.882 5.Dividend cover ratio [(F7-F8) to F9] 12.014 198.523 42.033 40.594 22.191 2.804 8.22 16.Salaries.000 83.307 297.814 1.39 156.Operating fixed assets after deducting accumulated depreciation 4.Sales i).497 152.Gross Profit 4.374 74.103 18.Non-Current Assets (A1+A3+A5+A6+A7) 1.348 43.945 1.838 225.41 1.878 - - - - 8.479 209.Inventories 3.393) 378.44 94.431 1.626 0 55.365 1.900 91.53 1.04 1.49 11.00 1.103 35.Local sales (Net) ii).Capital Reserve ii).72 1.70 2.047 84.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Cost of goods sold to sales (F2 as % of F1) 7.013.Export Sales (Net) 2.000 0 115.994 8.758 0 751.01 0.567 67.Other current assets C.929 0 2.Inventory Turnover Ratio (F1 to B2) 13.283 137.469 22.000 162.36 15.Return on capital employed ( F7 as % of avg.594 168.28 52.20 3.001 292.61 84.068 302.Debt equity ratio [(C+D) to E] 8.414 127.594 49.979 107.616 21.453 194.911 14.98 5. Subscribed & Paid up capital i).453 329.954 3.362 - - - - 278.09 0.336 102.03 5.91 -3.322 7.64 3.196 - - - - 40.775 38.89 97.Net profit margin (F7 as % of F1) 15.94 0.000 0 6.672 264.929 8.88 -21.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.000 0 116.Cost of material ii).Trade Debt as % of sales (B3 as % of F1) 4.646 2. administrative and other expenses i).54 3.788 26.393) 0 0 0 27.804 8. shares] 17.30 6.137 0 0 (31.Total fixed liabilities (D1+D3) 3.Return of equity (F7 as % of avg.599 275.Total value of bonus shares issued 11.74 - - - - 3.Other non-current liabilities E.Current ratio (B to C) 6.07 202.92 14.245 - - - - 89.774 0 500.49 -29.36 17.Other input cost 3.527 0 56.78 0.920 68.59 0.741 177.85 .Total capital employed (E+D) 2.020 0 1.34 3.927 10.69 7.45 0./share) [(F7-F8)/No.527 3.594 17.000 122.776 160.09 1.355 48.Key Performance Indicators 1.001 7.256 33.Operating fixed assets at cost 3.14 3.944 95.665 0 848.814 - - - - 22. of Ord.059 3.Acid test or quick ratio[(B1+B3+B4) to C] 2.205 1 22.64 -7.135 1.669 63.322 5.711 684.23 2.Long term secured loans 2.Capital work in progress 2.665 865.281 126.373) 329.648 61.771 12.983 11.650 7. Items A.Short term Secured loans 2.00 4.977 8.619 102.322 8.435 1.Trade Debt 4.Retention in business (F7-F8-F9) 4.Financial expenses as % of sales (F6 as % of F1) 3.366 1 20.Miscellaneous 1.023 124.000 0 111.24 0.739 27.74 1.12 89.845 407.58 0.328 0 0 - - - - 70.258 71.583 44.023 2.430 0 17.89 94.Operation: 1.752 110.99 1.50 2.86 154.01 -38.Other non-current assets B.574 7.708 131.Earning per share after tax (Rs.619 2.541 787.000 3.33 3.00 -44.018 0 506.878 8.60 15.068 222.711 0 643.Net profit before tax 8.51 6.17 5.29 6.(A+B)] 9.234 18.800 0 191.270 107.671 52.291 86.187 39.324 343. G1) 11.300 684.681 0.Cash flows from operations - - - - 14.265 8.Assets turnover ratio [F1 to (A+B)] 5.220 86.390 208.758 790.

91 -15.806 330.567 16.750 (116.29 -2.Selling & distribution expenses ii).638 13.23 0.806 0 325.162) 51.162) 51.457 - - - - - - 3.53 16.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.499 3.148 121. Items A.66 7.90 -2.833 753 18.668 17.19 0.567) 25.Operating fixed assets at cost 3.Intangible assets 6.20 99.Financial expenses of which: (i) Interest expenses 7.Cost of sales i).940 11.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 139.39 -4.176 100.457 17.50 -14.Depreciation for the year 5. shares] 17.500 100.Total fixed liabilities (D1+D3) 3.944) 623 0 0 249.00 47.Non-Current Assets (A1+A3+A5+A6+A7) 1.750 (104.487 3.Retention in business (F7-F8-F9) 4.54 0.610) 0 0.61 0.Break-up value shares (Rs.457 5.18 -2.750 51.750 0 (167.60 0.750 0 (378.375 129.02 0.372 3.(A+B)] 9.Cash flows from operations - - - - - - 7.806 330.487 103.535 0 277.035 330.226 0 152.89 0.806 330.14 2. E) 10.170 133.61 -20.Operating fixed assets after deducting accumulated depreciation 4.Short term investments 5.00 -2.346) 0 (2.320 25.221 0 275.283) 0 (8. Subscribed & Paid up capital i).456 0 133.035 0 8.Export Sales (Net) 2.756) 1.992) 0 (13.305 1.750 (116./share) [(F7-F8)/No.20 98.Salaries.992) 0 (13.413 100.668 17.Reserves i).Other current liabilities D. of Ord.558 276.Net profit margin (F7 as % of F1) 15.99 - - - - - - -15.940 - - - - 276.54 22.Cost of material ii).99 22.750 (82.391 0 0 (6.457 F.138 330.Acid test or quick ratio[(B1+B3+B4) to C] 2.859 14.170 113.53 10.Inventory Turnover Ratio (F1 to B2) 13.413 0 133.05 0.456 113.Capital work in progress 2.15 0.Current Assets (B1+B2+B3+B4+B5) 1.Other input cost 3.170 - - - - - - 0 0 0 0 0 0 - - - - - - 75.806 0 325.570 121.27 1.54 0.29 -97.97 -122.Inventories 3.22 0.654 0 0 (11.25 -3.Contractual Liabilities (G2+C1) H.61 0.654 0 0 (11.Financial Statement Analysis of Non Financial Sector 2010 Amin Spinning Mills Ltd.05 0. G1) 11.Shareholders Equity (E1+E2+E3) 1.170 (326.480 14.284) 7.Assets turnover ratio [F1 to (A+B)] 5.63 16.912) 51.45 .Total value of bonus shares issued 11.750 0 (167.73 0.42 2.20 98.05 1.109) 51.Return on assets [F7 as % of avg.99 -1. administrative and other expenses i).912) - - - - - - 141.859 14. of Ord. wages and employee benefits 6.60 G.09 -2.79 160.59 -22.Debt equity ratio [(C+D) to E] 8.750 0 (167.Return of equity (F7 as % of avg.63 -22.Ordinary Shares ii).12 -9.099 12.084 0 8.General.018) 51.770 31.851 0 9.984) 0 (22.00 7.992) 0 (13.Return on capital employed ( F7 as % of avg.050 17.410) 0 (2.36 -63.56 2.859 0 2.853 17.Key Performance Indicators 1.Employees benefit obligations 5.56 2.170 133.06 89.Trade Debt 4.602 10.29 399.500 133.941 305.Revenue Reserve 3.392 1.06 107.195 75.853 2.29 -2.099 103.533) 51.138 - - - - - - (11.535 0 277.510 278.914 0 (4.750 0 (156. shares) 21 - - - - - - 8.Issued.54 0.456 0 388.Other current assets C.232 0 247.16 10.Cash & bank balance 2.00 -4.29 399.851 0 9.359) 51.530 0 0 (11.956) 1.56 2.524 743 149 308 422 422 422 16.226 141.995 0 294.176 0 149.945 19.Long term unsecured loans 3.456 113.55 0.Administrative and other expenses 5.02 0.456 0 133.162) 51.03 0.Other non-current assets B.Cost of goods sold to sales (F2 as % of F1) 7.Local sales (Net) ii).Earning per share after tax (Rs.050 5.01 0.392 1.61 0.54 0.Trade Debt as % of sales (B3 as % of F1) 4.16 10.654 0 0 - - - - - - (250.Financial expenses as % of sales (F6 as % of F1) 3.Long term secured loans 2.500 149.12 -9.221 278.280 17.668 17.750 0 (134.Operation: 1.535 135.99 22.64 323.750 (116.12 -8.Operating cash flow to debt ratio [F11 to (C+D)] 16.Tax provision (current year) 9.744 0 9.Preference shares 2.63 -22.00 -1.956) 1.940 11.970 271.Sales i).995 305.968 0 0 0 0 0 - - - - - - 22.610) 0 (2.Long term investments 7.414 101 145 167 167 167 - - - - - - (21.04 0.Other non-current liabilities E.45 -3.912) 51.125 18.Total capital employed (E+D) 2.05 0.Dividend cover ratio [(F7-F8) to F9] 12.Net profit before tax 8.524 26.11 0.53 0.766 25.87 0.Current ratio (B to C) 6.375 100./share) (E/No.Capital Reserve ii).638 114.268) 51.940 11.Gross Profit 4.Short term Secured loans 2.125 129.03 26.02 -214.457 17.45 -3.960 19.031 26.456 113.Miscellaneous 1.138 330.00 -2.170 113.851 413.487 103.01 2.667 114.783) 51.02 0.Current Liabilities (C1+C2) 1.20 98.816) 1.524 26.Debentures/TFCs 4.21 96.500 113.29 -2.392 1.233 103.940 103.806 0 325.197 277.Total amount of dividend 10.00 -2.945 11.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.940 103.457 5.

Preference shares 2.769.29 0.(A+B)] 9.Net profit margin (F7 as % of F1) 15.Cash flows from operations G.119.764.Debentures/TFCs 4.520 2.42 9.349 345.Gross Profit 4.179.730 893.039 3.414.818 4.Other non-current liabilities E.599 3.068 634.855 902.377 550.585 1.030. G1) 11.Miscellaneous 1.Cost of sales i). administrative and other expenses i).528.163 133.901 0 4.Current Assets (B1+B2+B3+B4+B5) 1.764 560.545 13.Retention in business (F7-F8-F9) 4.37 1.24 1.49 10.233 893.01 10.034 6.901 902.119.Long term unsecured loans 3.737 0 44.373.089.18 4.Issued.153 21.145 3.92 0.Total capital employed (E+D) 2.368 2.759 1.General.577.25 76.717 673.154 4.29 .471 553.787 1.42 11.844 9.360.Administrative and other expenses 5.802. wages and employee benefits 6.469 12.054 923.641 509.Inventories 3.78 1.349 2.Assets turnover ratio [F1 to (A+B)] 5.152 10.703 0 8.539 1.055.788 6.403 9.Local sales (Net) ii).Total fixed liabilities (D1+D3) 3.Total value of bonus shares issued 11.57 12.946.Operating fixed assets after deducting accumulated depreciation 4.541.559 217.62 7.908 - 14.300 - - 8.854 1.997.470.588 940.993.47 0.17 28.Acid test or quick ratio[(B1+B3+B4) to C] 2.086 144.Other current liabilities D.Trade Debt 4.601 0 0 0 0 29.Net profit before tax 8.800.58 1.53 0.053.Inventory Turnover Ratio (F1 to B2) 13.Key Performance Indicators 1.Current Liabilities (C1+C2) 1.Tax provision (current year) 9.055 8.Earning per share after tax (Rs.Intangible assets 6.295 0 724.Capital Reserve ii).Sales i).73 7.Selling & distribution expenses ii).Contractual Liabilities (G2+C1) H.Return on capital employed ( F7 as % of avg.Non-Current Assets (A1+A3+A5+A6+A7) 1.263 145.182.938.731.Financial expenses as % of sales (F6 as % of F1) 3.927.977.428. of Ord. Subscribed & Paid up capital i).Operating cash flow to debt ratio [F11 to (C+D)] 16.513 8.35 73.340.Reserves i).Debt equity ratio [(C+D) to E] 8.Return of equity (F7 as % of avg.Cost of goods sold to sales (F2 as % of F1) 7.Short term investments 5.803.49 5.979 5.947 5.759 0 0 155.371 2.419 4.17 41.888.435 3.00 1.186 - - 0.Surplus on revaluation of fixed assets 2005 2006 2007 2008 - - - - - - - - - - - (Thousand Rupees) 2009 2010 5.066.696.318.Depreciation for the year 5.465 6.248.414.240.Shareholders Equity (E1+E2+E3) 1.470 170.Export Sales (Net) 2. shares] 17.164.457.475 260.332 4.Cost of material ii).352 5.Capital work in progress 2.03 36./share) (E/No.Employees benefit obligations 5.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.451 0 3.337.388.Trade Debt as % of sales (B3 as % of F1) 4.583. E) 10.667 1.Dividend cover ratio [(F7-F8) to F9] 12.098 509.008.130 0 7.Other current assets C.Revenue Reserve 3.Operation: 1.Total amount of dividend 10.21 80.448 13.Operating fixed assets at cost 3.995 2.Long term investments 7.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Short term Secured loans 2.69 1.977 8.540 9.395. of Ord.159 200.043 10.84 14.48 13.003 3.Long term secured loans 2.777 657.Break-up value shares (Rs.Return on assets [F7 as % of avg.657.54 F.485 9.275 439.039 3.263 0 1.422.Other non-current assets B.324 0 27.727.449.641 921.605 11.410 98./share) [(F7-F8)/No.378 1.808 103.898 8.451 8.Financial Statement Analysis of Non Financial Sector 2010 Amtex Ltd. shares) 22 - - 2.048 833.957 0 1.Current ratio (B to C) 6.680 10.559 281.Ordinary Shares ii).02 3.19 1.867.42 0.872.456.554 760.Financial expenses of which: (i) Interest expenses 7.129 883.802 844.Cash & bank balance 2.601 730.Other input cost 3.985.Salaries. Items A.

712 0 (30.85 0.Salaries.Sales i).68 0.562) 8.Total amount of dividend 10.00 0.898 37.Break-up value shares (Rs.Cost of material ii).Net profit before tax 8. administrative and other expenses i).Other non-current assets B.210) 8.Return on capital employed ( F7 as % of avg.443 20.Other input cost 3.44 0.145) 0 0 19.975 0 0 0 2.946) 0 (121) 0 (2.52 101.00 -1.061 0 7.Financial expenses as % of sales (F6 as % of F1) 3.Revenue Reserve 3.493 0 0 0 0 0 0 0 2.Local sales (Net) ii).68 59.97 - - - - -2.712 0 (33.07 -14.Capital work in progress 2.712 (3.226 27. shares] 17.471 0 0 0 0 - - - - (370) 639 (370) 639 (2.562) 0 (30.Long term secured loans 2.Cost of sales i).383 37.Earning per share after tax (Rs.Total value of bonus shares issued 11.955 (523) 0 (1.26 -0.712 (24.19 - - - - 0.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.219 12.796) 0 0 27.802) 0 0 0 (121) 0 0 0 - - - - 0 0 0 (2.Contractual Liabilities (G2+C1) H.225 18.660 2.73 66. Items A.Export Sales (Net) 2.00 0.Non-Current Assets (A1+A3+A5+A6+A7) 1.554 19.865 0 36.235) 0 0 0 (431) F.660 22.712 (24.66 -1.428 16.Other current liabilities D.016) 138 0 0 (1.471 20.605 0 27.00 0.00 -0.145) 8.712 (21.Debt equity ratio [(C+D) to E] 8.605 27. of Ord.218 18. G1) 11.Operation: 1.154) 3.529 0 9.48 -0.Short term investments 5.77 0.226 22.850) 8.423 3.975 27.96 -2.493) 0 0 0 (491) (523) 0 (1.240 30.433) 8.75 29.52 101.796) 0 (32.910 54.092 0 9.467) 0 (2.Assets turnover ratio [F1 to (A+B)] 5.016) 138 0 0 (2.00 0.48 0.01 -2.Operating cash flow to debt ratio [F11 to (C+D)] 16.387 485 16.865 36.53 - - - - 0.493 0 2.48 0.60 194.865 27.68 0.712 8.660 2.471) 330 0 121 0 0 0 0 0 0 0 2.Acid test or quick ratio[(B1+B3+B4) to C] 2.25 - - -3.97 -3.Current ratio (B to C) 6.556) - - - - 8.Issued.910 55.64 .383 0 19.87 -1.554 0 37.430 485 16.488 (3.865 36.833 0 18.56 -27.Tax provision (current year) 9.08 -0.154) 3.594 18.53 9.Shareholders Equity (E1+E2+E3) 1.(A+B)] 9.86 -25.Current Assets (B1+B2+B3+B4+B5) 1.554 0 54./share) [(F7-F8)/No.14 0.898 0 0 0 0 (22.Inventories 3.010) 0 (2.Cost of goods sold to sales (F2 as % of F1) 7.235) 0 0.Cash flows from operations - - - - 639 639 330 121 - - - - (1.Administrative and other expenses 5.38 -6.Long term investments 7.712 0 (31.16 0.443 2.00 -0.955 58. wages and employee benefits 6.833 - - - - 0 0 0 0 - - - - 2.881 0 42.091 58.57 -85.Trade Debt as % of sales (B3 as % of F1) 4.29 0.Total capital employed (E+D) 2.Financial expenses of which: (i) Interest expenses 7.712 8.Selling & distribution expenses ii).14 0.Employees benefit obligations 5.881 5.529 0 9.488 42.61 31.Gross Profit 4.12 0.554 19.Other current assets C.Total fixed liabilities (D1+D3) 3.251) 0 (2.061 0 9.235 0 0 0 (2.77 0.498) 8.66 -1.269 8.73 -5.Dividend cover ratio [(F7-F8) to F9] 12.Ordinary Shares ii).Long term unsecured loans 3.405 223 223 238 240 234 253 12.26 0.433) 8.Capital Reserve ii).91 0.61 -12.19 0.Non-Current Liabilities (D1+D2+D3+D4+D5) 1./share) (E/No.95 10.01 -2.269 8.Inventory Turnover Ratio (F1 to B2) 13.712 0 (32.529 0 9.803 0 0 0 0 - - - - 0 0 0 0 30.910 2.218 2.235 0 2.Retention in business (F7-F8-F9) 4.Operating fixed assets at cost 3.865 0 36.General.61 -6.44 - - - - 7 7 1 0 G.219 0 6. shares) 23 - - 2.865 36.955 55. Subscribed & Paid up capital i).661 0 6.003 16.Return of equity (F7 as % of avg.844) 8.Net profit margin (F7 as % of F1) 15.Key Performance Indicators 1.468 2.39 0.Reserves i).03 29.910 5.Other non-current liabilities E.Intangible assets 6.51 1.897 - - - - 36.413 1.Current Liabilities (C1+C2) 1.700 16.468 2.Return on assets [F7 as % of avg.493) 0 (4.240 16.661 0 7.Miscellaneous 1.Preference shares 2. of Ord.Financial Statement Analysis of Non Financial Sector 2010 Annoor Textile Mills Ltd. E) 10.Trade Debt 4.712 0 (12.Cash & bank balance 2.25 35.084) 8.955 (17.00 -0.32 0.03 29.802) 0 (5.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 27.712 0 (12.79 21.27 -2.Operating fixed assets after deducting accumulated depreciation 4.87 -2.Debentures/TFCs 4.423 3.34 -17.605 0 27.529 0 9.25 2.216 2.605 27.Depreciation for the year 5.Short term Secured loans 2.34 -17.05 -2.660 27.594 0 37.

05 105.957 0 211.648 1.442 67.847 0 193.451.Tax provision (current year) 9.504 5.953 747.306 90.599) 1.483 1.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.864.273 879 179.77 0.922.968 1.379 479.Depreciation for the year 5.266 256.15 -5.09 11. G1) 11.Current Assets (B1+B2+B3+B4+B5) 1.277 1.635 860.Miscellaneous 1.925 312.918.702 (55.22 0.529 412.39 15.783.76 79.133 12.64 0.035.632 1.07 20.916 513.238 1.443.Return on assets [F7 as % of avg.041 (57.648 376.772 1.379 786.597 167.Return of equity (F7 as % of avg.947) 1.702 (55.Intangible assets 6.883 1.Other input cost 3.520 0 0 43.051 1.647 52.277 1.002 363.592 62.866 1.264 935.Cash & bank balance 2.037.280 1.065 85.075. administrative and other expenses i).35 4.852.80 81.06 0.844 0 (22.Capital work in progress 2.656 0 273.866 128.470 91.323 60.697 121.84 0.893 - - - - 82.169 82.451 0 164.21 0.141 8.26 0.679 1.659.Operating fixed assets at cost 3. of Ord.485 250.194 1.Export Sales (Net) 2.05 3.Total capital employed (E+D) 2.75 -1.Short term Secured loans 2.643.592 62.182 G.992 758.858 0 1.053 11.803.992 899.411 1.803.147 1.847 0 628.426 934.91 2.367 1.504 22.763 786.41 3.098 - - - - 28.852.967 1.086 0 - - - - 934.35 2.561 1.Long term investments 7.Other current liabilities D.Other non-current liabilities E. shares] 17.04 6.39 0.847 658.752.84 - - - - 2.521.Total fixed liabilities (D1+D3) 3.49 13.666 23.Reserves i).161) 1.916 - - - - 414.Capital Reserve ii).624 612.847 0 575.Financial expenses of which: (i) Interest expenses 7.847 0 581.(A+B)] 9.659.Cost of goods sold to sales (F2 as % of F1) 7.632 - - - - 1.596 875.Trade Debt 4.46 -6.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 1.831 1.680 504.06 10.311 0 0 1.33 0.752. shares) 24 - - - - - - 2.83 - - - - 58.273 1.833.01 85.Selling & distribution expenses ii).62 0.088.Sales i).065 85.06 3.035.057 735.Financial expenses as % of sales (F6 as % of F1) 3.37 0.Earning per share after tax (Rs.Total amount of dividend 10.847 0 193.781 55.674 82.858 1.868 1.Total value of bonus shares issued 11.78 0.647 52.086 414.Ordinary Shares ii).266 88.Gross Profit 4.194 0 0 0 0 - - - - 0 0 0 0 873.17 3.847 664.293 - - - - 153.992 758.098 821.868 1.151.740 82.80 0.142 164.137.Revenue Reserve 3.533 228.Debentures/TFCs 4.28 80.27 85.141 8.Long term unsecured loans 3.37 0.17 13.599) 1./share) (E/No.Other non-current assets B.Issued.812 203.952.035 1.618 51.528 680.700 144.Cash flows from operations - - - - 67.Short term investments 5.64 0.691 1.072 676.General.12 0.618 51.79 -8.674 376.04 6.00 1.813 497.842 82.809.404 88.933 1.02 -6.Break-up value shares (Rs.527.279 0.561.451.Key Performance Indicators 1.523 821. wages and employee benefits 6.002 599.781 55.63 3.31 -3.764 860.85 92.922.294 747.41 3.Dividend cover ratio [(F7-F8) to F9] 12.Cost of material ii).Non-Current Liabilities (D1+D2+D3+D4+D5) 1.279 91.75 -1.Return on capital employed ( F7 as % of avg.134 363.Shareholders Equity (E1+E2+E3) 1.009 1.734 594.25 0.53 -3.80 -8. E) 10.511.39 0.68 1.674 0 193.412 1.021 1.37 0.430.175 58.437.22 8.57 0.Administrative and other expenses 5.438.438.119) 1.Local sales (Net) ii).26 0.912 0 16.133 502.974 1.175 238.886.41 1.391.Salaries.661 776.41 0.280 1.96 2.596 7.643.Operation: 1.77 85.279 1.Non-Current Assets (A1+A3+A5+A6+A7) 1.00 0.426 1.Cost of sales i).147 134.847 653.523 105.847 82.990.451 867.801 129.831 1.151.03 7.119) 1.437.00 2.470 343.694 82.883 F.194 75.Retention in business (F7-F8-F9) 4.58 0.616 524.190 5.323 58.839 42.847 0 792.264 1. Items A.77 0.086 414.194 75.391.069 0 10.264 126.06 1.430.273) 8.76 0.Current ratio (B to C) 6.Employees benefit obligations 5.09 0.142 164.827 0 0 (43.702 680.686 82.051 1.276 1.Debt equity ratio [(C+D) to E] 8.00 -6.561.Net profit before tax 8.00 -6.520 0 0 43.007 5.67 79.Assets turnover ratio [F1 to (A+B)] 5.250 1. of Ord.00 -2.207.Current Liabilities (C1+C2) 1.Inventory Turnover Ratio (F1 to B2) 13.76 1.477 57.95 0.674 0 0 - - - - 105.Acid test or quick ratio[(B1+B3+B4) to C] 2.59 0.528 476.946 18.57 0.22 5.323 60.238 119.839 1.85 92.00 -6.Other current assets C.533 82.Preference shares 2.31 -1.201.Financial Statement Analysis of Non Financial Sector 2010 Apollo Textile Mills Ltd.995 82.Trade Debt as % of sales (B3 as % of F1) 4.813 497.89 78.427 8./share) [(F7-F8)/No.001 1.982 1.477 57.001 1.339.89 78.338.303 513.303 7.Long term secured loans 2.91 .504.086 0 1.847 711.02 -6.674 0 193.Contractual Liabilities (G2+C1) H.03 7.887 0 164.51 -4.734 594.952.057 735.628 532.801 129.041 414.152 9.100 0 0 28.59 3.443.541 82.041 0 0 0 0 1.65 0.256 0 1.043 0 (51.279.254 1.765.724 165.847 653.Operating cash flow to debt ratio [F11 to (C+D)] 16. Subscribed & Paid up capital i).351 251.Operating fixed assets after deducting accumulated depreciation 4.351 1.873 12.Inventories 3.20 1.041 (57.169 82.Net profit margin (F7 as % of F1) 15.

92 0.817 22.968 221.039 185.Current Assets (B1+B2+B3+B4+B5) 1.Depreciation for the year 5.12 0. wages and employee benefits 6.091 56.000 0 120.00 5.57 10.08 0.021 2.Return of equity (F7 as % of avg.387 280.Long term investments 7.564 1./share) [(F7-F8)/No.Other non-current liabilities E.Long term secured loans 2.643.925 36.40 3.Other current liabilities D.836 - - - - 840.434 84.05 3.000 0 0 373.229 14.740 901.Other input cost 3.151 1.198.200 129.Capital work in progress 2.Export Sales (Net) 2.000 - - - - 104.919 275.552 368.79 0.119 165.30 11.434 0 0 0 0 - - - - 0 0 0 0 627.73 8.793 840.286 30.608.568 410.393.267.361 168.Net profit before tax 8.Other non-current assets B.044.71 14.30 5.430 209.19 0.014 145.533.346.877 654.Key Performance Indicators 1.25 22.229.Assets turnover ratio [F1 to (A+B)] 5.Reserves i).706 491.895 2.632.288 370.32 1.Intangible assets 6.42 13.820 686.91 70.293 166.21 7.Miscellaneous 1.758.79 20.009.004.278 169.708.000 0 2.984 176.89 79.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.244 1.444 267.826 1.083 842.Inventories 3.07 10.Sales i).575 3.965 295.159 159.223 0 349.681.673 3.Contractual Liabilities (G2+C1) H.046.491.530 56.044.427.Revenue Reserve 3.220.252 700.389 1.253 880.02 0.35 0.Short term Secured loans 2.038 2.000 127.303 212.Dividend cover ratio [(F7-F8) to F9] 12.000 0 438.Retention in business (F7-F8-F9) 4.945 2.Trade Debt as % of sales (B3 as % of F1) 4.663 424.115.000 0 500.07 15.26 97.62 46.747 1.30 20.Earning per share after tax (Rs.186 2.183 G.400 1.Operating fixed assets after deducting accumulated depreciation 4.642 3.708.000 1.Total fixed liabilities (D1+D3) 3.53 0.000 2.729.859 67.620 3.135 3.Current ratio (B to C) 6.606 94.994 3.60 1.504 140.043 1.039 3.022 136.80 7.063 697.494 2.322.774 0 89.851 - - - - 856.(A+B)] 9.Ordinary Shares ii).499.061 796.Operation: 1.738 1.431.146 741.337 892.167 704.125.671.00 4.260. E) 10.25 4.230 3.669 3.172.98 33.768 3.Short term investments 5.Cash flows from operations - - - - 169.67 0.401 4.003 686.Current Liabilities (C1+C2) 1.000 0 1.146 145.535.986 0 89.Non-Current Assets (A1+A3+A5+A6+A7) 1.35 15.487 112.955 3.Operating fixed assets at cost 3.89 73.329 82.97 0.26 11.792 2.841.115.Trade Debt 4.793 0 2.82 77.72 6.620 - - - - 651.442.922 0 47.04 74.387 0 19.Issued.Return on capital employed ( F7 as % of avg.334 579.823.Cost of sales i).92 32. shares] 17.353 3.000 2.715 265.472.198 199.773.722 24.09 0.825 491.797 32.98 11.338 32.17 0.Inventory Turnover Ratio (F1 to B2) 13.490 205.54 17.557 416.430 348.518 1.483 1.610 138.89 15.286 935.624 2./share) (E/No.669 1.26 0.910.000 1.144 145.00 44.Gross Profit 4.728 0 103.461.034 1.015 3.065 200.858 813.257 0 1.359.Capital Reserve ii).605 199.58 13.679 0 140.10 0.000 2.13 0.257 840.Financial Statement Analysis of Non Financial Sector 2010 Artistic Denim Mills Ltd.483 3.33 0.563 144.865 102.071.000 0 1.69 1.Total capital employed (E+D) 2.84 0.706 0 24.623 175.388 935.163 1.Total value of bonus shares issued 11.33 0.341.532 2. administrative and other expenses i).852.415 567.596 0.280 7.463.08 70.569 1.933 81.293 0 0 0 0 0 0 0 0 - - - - 625.065 2.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 2.83 0.36 6.334 2.07 3.Other current assets C.64 123.976 1.833 348.007.Acid test or quick ratio[(B1+B3+B4) to C] 2.904.220.123.423.393 471.General.567 4.Net profit margin (F7 as % of F1) 15.221 116.000 0 1.Selling & distribution expenses ii).328.59 0.Total amount of dividend 10.746.89 16.260.960 4.42 11.477.046.760 3.Shareholders Equity (E1+E2+E3) 1.566 1.144 638.425.41 1.589.Cost of material ii).00 33.Debentures/TFCs 4.113 0 563.220 0 408.Local sales (Net) ii).207 5.252 840.390 26.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.135 1.113 140.637 879.33 4.000 0 1.768 171. shares) 25 - - 4.Preference shares 2.Financial expenses as % of sales (F6 as % of F1) 3.16 29.65 2.329 2.995 625.92 12.197 F.Operating cash flow to debt ratio [F11 to (C+D)] 16.021 5.34 6.215 373.227 745.99 4.253 116.198 136.358 895.994.36 4.793 0 0 3.534 - - - - 2.Salaries.315.537 766.98 0. of Ord.120 186.963 3.836 840.987.202.68 8.04 0.Cash & bank balance 2.539 172.036 1.09 - - - - 20.75 15.858 2.Break-up value shares (Rs.Administrative and other expenses 5.001.853 491.669.000 2.Return on assets [F7 as % of avg.000 140.369.451 129.841.10 1.Tax provision (current year) 9.520 2.007.582.492 145.900 3.705.071.504 700.384 123.33 15. Items A.091.54 1.847.479.90 - - - - 55.85 8.50 16.512 168.639.844 1.564 1. of Ord.67 0.99 4.227 136.909 9.040 - - - - 471.605 3. G1) 11.948 0 359.72 0.306 355.724 22.Debt equity ratio [(C+D) to E] 8.000 0 704.113 140.Long term unsecured loans 3.444 880.257 840.180.490 29.Financial expenses of which: (i) Interest expenses 7.Employees benefit obligations 5.538 169.59 4.18 0.83 30.77 3.481 34.136 271.202.Cost of goods sold to sales (F2 as % of F1) 7.312 12.44 .276 3.554 28.97 31.96 13.968 842. Subscribed & Paid up capital i).63 61.50 31.330 240.000 0 1.

Financial Statement Analysis of Non Financial Sector 2010

Ashfaq Textile Mills Ltd.
Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

278,646

307,600

347,095

342,052

332,143

421,332

-

-

-

-

347,322

388,828

353,574

362,734

0
366,600

19,853
338,850

278,646
9,654

307,600
12,552

347,095
14,455

342,052
15,020

331,210
14,708

396,495
35,859

0

0

0

0

-

-

-

-

0
0

0
0

238,337

264,274

252,610

255,003

933
214,169

4,984
198,572

4,041

29,351

21,432

2,735

3,462

2,730

127,188
48,855

138,527
55,804

138,570
56,861

156,567
72,627

141,035
42,006

85,946
63,547

0
58,253

0
40,592

0
35,747

0
23,074

0
27,666

0
46,349

341,302
168,881

410,978
231,687

476,716
213,607

436,419
210,180

237,559
207,296

232,554
175,423

172,421
79,332

179,291
56,622

263,109
22,078

226,239
5,645

30,263
143,439

57,131
115,710

-

-

-

-

0

0

0

0

-

-

-

-

79,332

56,622

22,078

96,349
69,970

104,274
69,970

69,970
0
26,379

0

0

137,000
0

107,000
0

5,645

6,439
0

8,710
0

100,911
69,970

154,991
69,970

165,314
69,970

271,641
69,970

69,970
0
34,304

69,970
0
30,941

69,970
0
85,021

-

-

-

-

69,970
0
38,207
0
38,207

69,970
0
62,222
0
62,222

57,137

139,449

757,758
18,586
739,172
663,175

876,657
13,668
862,989
761,507

595,761
18,445
577,316
510,203

485,673
19,217
466,456
410,927

-

-

-

-

94,583
57,213

115,150
65,991

85,558
44,604

74,746
38,037

680,361
33,384
646,977
585,049
441,367
143,682
95,311
50,001
34,046
15,955

883,856
61,363
822,493
777,919
550,026
227,893
105,937
59,385
41,030
18,356
59,472
25,265
18,674
21,286
8,534
0
0
120,271

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

-

-

-

-

57,213

65,991

44,604

38,037

-

-

-

-

22,014
7,243
0
0

21,731
10,349
0
0

14,343
7,380
0
0

9,412
4,645
0
0

-

-

-

-

46,447
27,570
20,284
17,740
7,074
0
0
62,534

175,681
0
14,771
168,881

160,896
0
11,382
231,687

122,989
0
6,963
213,607

160,636
0
4,767
210,180

308,754
0
10,666
207,296

387,351
0
12,752
175,423

0.15
2.03
6.45
1.47
0.70
87.52
4.37
5.12
24.82
15.17

0.21
3.13
6.37
1.53
0.64
86.86
4.48
3.99
21.66
12.91

0.16
4.47
9.54
0.99
0.53
85.64
4.94
2.45
13.98
10.10

0.17
5.72
14.95
0.81
0.58
84.61
2.85
1.57
7.36
6.64

0.19
4.05
6.17
1.25
0.90
85.99
2.30
3.10
11.08
7.56

0.28
2.86
7.19
1.43
0.85
88.01
1.28
3.65
9.74
6.12

-

-

-

-

15,356

27,428

26,611

27,779

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

26

-

-

-

-

-

-

5.96

6.33

4.30

3.10

4.82
1.87
2.61
0.16
1.52
23.63

10.28
2.14
2.41
0.35
1.82
38.82

-

-

-

-

2.91
0.00
2.11
13.77

2.48
0.00
1.63
14.90

2.41
0.00
1.00
14.42

1.94
0.00
0.68
22.15

Financial Statement Analysis of Non Financial Sector 2010

Asim Textile Mills Ltd.
Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

450,851

436,848

422,996

297,483

397,599

386,331

-

-

-

-

576,819

585,433

593,607

594,728

7,299
594,997

0
610,699

450,851
17,476

436,848
22,617

422,996
22,026

297,483
21,300

382,839
20,247

378,870
19,671

0

0

0

0

-

-

-

-

0
0

0
0

72,405

89,615

84,347

235,566

7,461
82,109

7,461
122,441

16,444

2,571

9,816

141,776

46,711

54,557

33,646
614

60,947
0

46,530
33

90,790
20

19,567
0

37,412
2,636

0
21,701

0
26,097

0
27,968

0
2,980

0
15,831

0
27,836

212,974
0

330,065
2,544

222,128
0

333,669
2,544

229,507
0

236,019
0

212,974
415,047

327,521
415,047

222,128
504,737

331,125
415,047

229,507
495,720

236,019
491,443

-

-

-

-

415,047

415,047

0

0

0

0

0
0

0
0

-

-

-

-

415,047

415,047

504,737

415,047

3,491
77,182

3,073
73,323

(104,765)
151,770

(218,649)
151,770

(219,522)
151,770

(215,667)
151,770

(245,519)
151,770

(218,690)
151,770

151,770
0
(256,535)

151,770
0
(370,419)

151,770
0
(371,292)

151,770
0
(367,437)

-

-

-

-

151,770
0
(546,367)
0
(546,367)

151,770
0
(512,371)
0
(512,371)

149,078

141,911

285,576
275,149
10,427
298,530

515,387
502,539
12,848
500,106

536,329
513,180
23,149
529,134

630,013
630,013
0
620,053

-

-

-

-

(12,954)
5,806

15,281
9,960

7,195
9,809

9,960
7,513

650,364
650,364
0
677,728
512,269
165,459
(27,364)
7,945
0
7,945

832,727
828,076
4,651
793,288
617,064
176,224
39,439
13,218
297
12,921
51,456
311
0
27,161
4,171
0
0
16,249

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

-

-

-

-

5,806

9,960

9,809

7,513

-

-

-

-

(39,436)
1,427
0
0

(17,743)
2,577
0
0

(2,692)
2,682
0
0

2,426
3,150
0
0

-

-

-

-

45,886
23
0
(33,877)
0
0
0
39,536

310,282
0
(40,863)
0

196,398
0
(20,320)
2,544

285,215
0
(5,374)
0

199,380
0
(724)
2,544

250,201
415,047
(33,877)
415,047

272,753
415,047
22,990
415,047

0.08
7.29
0.22
0.55
0.34
104.54
-5.99
-7.57
46.53
-11.94

0.01
4.48
0.00
0.98
0.27
97.04
-3.41
-3.38
10.97
-7.00

0.04
0.01
0.01
1.06
0.38
98.66
-3.31
-0.52
1.23
-1.12

0.42
0.00
0.00
1.18
0.71
98.42
-3.47
0.47
-1.11
1.00

0.20
0.00
0.00
1.36
0.36
104.21
-2.95
-6.69
14.69
-15.07

0.24
0.04
0.32
1.64
0.52
95.26
-3.33
5.50
-11.70
10.39

-

-

-

-

20,809

23,064

78

21

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

27

-

-

-

-

-

-

8.49

8.46

11.53

6.94

33.24

22.26

-

-

-

-

-

-

-13.81
0.00
-2.69
-6.90

-3.44
0.00
-1.34
-14.41

-0.50
0.00
-0.35
-14.46

0.39
0.00
-0.05
-14.21

-5.21
0.05
-2.23
-16.18

3.26
0.02
1.51
-14.41

Financial Statement Analysis of Non Financial Sector 2010

Ayesha Textile Mills Ltd.
Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

567,629

1,705,425

1,783,197

1,773,376

2,400,643

2,320,542

-

-

-

-

1,094,146

1,724,742

1,925,241

1,967,848

0
2,388,516

0
2,408,121

567,629
42,343

1,705,425
66,785

1,783,197
133,442

1,773,376
69,595

2,361,725
68,064

2,281,225
100,307

0

0

0

0

-

-

-

-

0
32,823

0
33,519

469,099

574,294

566,748

727,565

6,095
554,886

5,798
539,875

26,466

52,321

6,794

21,479

7,425

10,981

271,327
95,668

218,664
91,727

262,860
94,082

355,568
163,667

284,888
84,176

204,567
87,418

3,500
72,138

3,500
208,082

21,401
181,611

16,250
170,601

0
178,397

0
236,909

531,762
374,033

679,727
324,039

685,348
319,615

946,104
443,246

742,045
552,360

729,368
519,284

157,729
142,945

355,688
199,447

365,733
492,187

502,858
452,188

189,685
821,255

210,084
736,499

-

-

-

-

425,665

326,569

0

0

0

0

73,752
0

90,403
0

-

-

-

-

142,945

199,447

492,187

452,188

1,889
319,949

1,568
317,959

362,021
14,000

1,400,545
14,000

1,172,410
14,000

1,102,649
14,000

1,392,229
14,000

1,394,550
14,000

14,000
0
348,021

14,000
0
1,386,545

14,000
0
1,158,410

14,000
0
1,088,649

-

-

-

-

14,000
0
190,682
7,077
183,605

14,000
0
241,889
7,077
234,812

1,187,547

1,138,661

1,298,291
1,156,350
141,941
1,200,745

1,920,755
1,507,963
412,792
1,804,280

2,117,172
1,725,446
391,726
2,076,948

2,119,100
1,870,027
249,073
2,066,292

-

-

-

-

97,546
22,283

116,475
38,463

40,224
34,495

52,808
40,271

1,865,360
1,642,051
223,309
1,864,632
1,308,212
556,420
728
80,834
10,615
70,219

2,371,233
2,042,605
328,628
2,194,076
1,600,305
593,771
177,157
45,016
12,936
32,080
138,536
119,379
111,526
13,970
13,639
0
0
59,532

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

-

-

-

-

22,283

38,463

34,495

40,271

-

-

-

-

38,674
7,535
0
0

13,693
9,444
0
0

(60,271)
10,375
0
0

(65,726)
10,500
0
0

-

-

-

-

127,112
118,910
109,439
(211,891)
2,233
0
0
(108,630)

504,966
0
31,139
374,033

1,599,992
0
4,249
324,039

1,664,597
0
(70,646)
319,615

1,554,837
0
(76,226)
443,246

2,213,484
425,665
(214,124)
978,025

2,131,049
326,569
331
845,853

0.24
2.83
7.37
1.25
0.88
92.49
1.86
3.67
11.14
7.40

0.22
3.35
4.78
0.84
0.84
93.94
0.63
0.83
1.55
1.30

0.18
3.69
4.44
0.90
0.83
98.10
1.00
-2.60
-4.68
-3.69

0.21
3.47
7.72
0.85
0.77
97.51
1.27
-2.71
-5.78
-4.08

0.12
6.37
4.51
0.63
0.75
99.96
1.12
-7.77
-16.99
-11.25

0.13
5.03
3.69
0.83
0.74
92.53
1.05
0.48
1.00
0.64

-

-

-

-

36,801

64,416

78,119

73,553

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

28

-

-

-

-

-

-

4.78

8.78

8.05

5.96

6.55
-0.94
-11.36
-0.07
-152.95
994.45

11.59
1.13
0.59
0.04
0.24
996.11

-

-

-

-

2.98
0.00
22.24
258.59

0.71
0.00
3.04
1,000.39

-2.85
0.00
-50.46
837.44

-3.10
0.00
-54.45
787.61

Financial Statement Analysis of Non Financial Sector 2010

Azam Textile Mills Ltd.
Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

480,331

470,201

458,093

440,493

522,522

515,469

-

-

-

-

580,176

593,515

605,091

610,304

0
713,397

0
722,523

480,331
17,286

470,201
24,365

458,093
24,361

440,493
23,829

519,874
23,844

504,601
24,682

0

0

0

0

-

-

-

-

0
0

0
0

233,614

218,351

238,856

210,072

2,649
172,625

10,869
152,707

2,831

1,801

4,694

4,495

1,955

5,187

108,034
11,610

126,544
18,207

136,013
18,059

139,811
6,545

136,696
6,553

97,491
28,331

0
111,139

0
71,799

0
80,090

0
59,221

0
27,421

0
21,698

365,788
178,442

416,729
151,988

446,699
142,864

505,855
95,615

197,858
104,820

123,783
81,200

187,346
115,998

264,741
84,715

303,835
59,665

410,240
57,859

93,038
363,165

42,583
337,409

-

-

-

-

0

0

0

0

-

-

-

-

115,998

84,715

59,665

232,159
132,750

187,108
132,750

132,750
0
99,409

43,500

30,000

181,030
0

178,530
0

57,859

11,082
127,554

12,650
116,230

190,585
132,750

86,851
132,750

134,124
132,750

206,984
132,750

132,750
0
54,358

132,750
0
57,835

132,750
0
(45,899)

-

-

-

-

132,750
0
(220,405)
0
(220,405)

132,750
0
(139,110)
0
(139,110)

221,779

213,344

260,780
260,780
0
236,760

428,590
428,590
0
373,221

476,282
476,282
0
423,516

456,409
456,409
0
400,632

-

-

-

-

24,020
10,248

55,369
19,498

52,766
18,628

55,777
20,658

465,245
465,245
0
443,090
288,909
154,181
22,155
20,595
877
19,718

731,977
731,977
0
613,464
394,059
219,405
118,513
28,503
1,127
27,377
404,689
24,605
23,648
65,469
3,659
9,956
0
60,483

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

-

-

-

-

10,248

19,498

18,628

20,658

-

-

-

-

400
1,467
0
0

5,875
2,488
0
0

6,160
2,682
0
0

10,491
2,590
0
0

-

-

-

-

58,556
30,796
30,018
(29,236)
0
0
0
(13,991)

348,157
0
(1,067)
178,442

271,823
0
3,387
151,988

250,250
0
3,478
142,864

144,710
0
7,901
95,615

497,289
43,500
(29,236)
148,320

544,393
30,000
51,854
111,199

0.04
5.22
4.45
0.37
0.64
90.79
2.08
0.06
0.17
0.10

0.05
7.05
4.25
0.62
0.52
87.08
2.68
0.84
2.80
1.90

0.05
5.92
3.79
0.68
0.53
88.92
2.66
0.89
3.26
2.36

0.02
5.50
1.43
0.70
0.42
87.78
6.49
1.56
7.56
5.31

0.04
6.62
1.41
0.67
0.87
95.24
4.18
-4.35
-26.46
-9.11

0.27
3.36
3.87
1.10
1.23
83.81
2.23
9.60
38.39
12.57
6.21
7.51
3.77
8.94
0.13
4.66
15.59

-

-

-

-

13,616

30,202

28,183

25,095

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

29

-

-

-

-

-

2.41

3.39

3.50

3.26

3.40
0.03
-6.28
-0.02
-2.20
10.10

-

-

-

-

0.15
0.00
-0.08
17.49

1.37
0.00
0.26
14.09

1.29
0.00
0.26
14.36

2.30
0.00
0.60
6.54

Financial Statement Analysis of Non Financial Sector 2010

Azgard Nine Ltd.(Legler-Nafees Denim Mills Ltd.)
Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

5,668,395

23,784,946

24,244,939

8,687,158

42,857,047

42,857,047

-

-

-

-

6,913,340

26,418,548

27,786,186

11,275,747

7,380,422
39,901,859

7,380,422
39,901,859

5,594,458
264,284

20,013,878
535,228

20,482,735
729,590

8,653,622
538,506

29,696,709
18,408

29,696,709
18,408

73,937

3,771,068

3,762,204

33,536

-

-

-

-

5,645,096
37

5,645,096
37

4,915,508

7,062,660

9,451,173

18,684,515

134,783
15,638,041

134,783
15,638,041

46,283

1,132,967

630,082

82,074

437,814

437,814

2,123,665
1,034,669

2,903,999
1,520,389

2,532,100
2,366,279

4,034,103
0

5,985,036
4,586,931

5,985,036
4,586,931

760,796
950,095

49
1,505,256

882,995
3,039,717

11,540,498
3,027,840

0
4,628,260

0
4,628,260

4,491,017
3,532,298

9,935,874
7,877,741

10,686,285
5,429,188

10,353,720
7,302,259

24,459,435
16,402,024

24,459,435
16,402,024

958,719
2,718,407

2,058,133
11,249,254

5,257,097
13,441,452

3,051,461
6,674,514

8,057,411
18,224,297

8,057,411
18,224,297

-

-

-

-

15,684,724

15,684,724

2,393,670

7,712,953

10,404,259

3,962,461

392,185
0

392,185
0

-

-

-

-

324,737

3,536,301

3,037,193

2,712,053

0
2,147,388

0
2,147,388

3,374,479
1,737,308

9,662,478
3,788,839

9,568,375
3,788,823

10,343,439
3,827,119

15,811,356
4,879,344

15,811,356
4,879,344

868,654
868,654
1,637,171

3,127,101
661,738
5,873,639

3,127,135
661,688
5,779,552

3,827,119
0
6,516,320

-

-

-

-

4,548,719
330,625
6,962,860
3,152,134
3,810,726

4,548,719
330,625
6,962,860
3,152,134
3,810,726

3,969,152

3,969,152

4,662,202
791,645
3,870,557
3,523,721

6,624,764
2,492,848
4,131,916
4,731,960

12,936,942
7,504,488
5,432,454
8,362,558

11,827,025
11,724,806
102,219
8,238,448

-

-

-

-

1,138,481
363,755

1,892,804
563,152

4,574,384
841,802

3,588,577
1,089,025

26,276,262
14,524,421
11,751,841
17,982,858
6,401,919
11,580,939
8,293,405
2,141,365
782,580
1,358,784

26,276,262
14,524,421
11,751,841
17,982,858
6,401,919
11,580,939
8,293,405
2,141,365
782,580
1,358,784
2,693,503
4,791,419
4,917,049
1,363,061
157,119
29,591
0
1,292,451

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

-

-

-

-

363,755

563,152

841,802

1,089,025

-

-

-

-

790,070
47,858
164,610
0

213,982
123,640
210,493
0

1,916,324
100,401
343,981
0

(1,457,675)
13,287,571
0
0

-

-

-

-

2,693,503
4,791,419
4,917,049
1,363,061
157,119
29,591
0
1,292,451

6,092,886
2,393,670
577,602
5,925,968

20,911,732
7,712,953
(120,151)
15,590,694

23,009,827
10,404,259
1,471,942
15,833,447

17,017,953
3,962,461
(14,745,246)
11,264,720

34,035,653
15,684,724
1,176,351
32,086,748

34,035,653
15,684,724
1,176,351
32,086,748

0.41
6.23
22.19
0.44
1.09
75.58
2.14
9.36
25.52
16.16
4.51
2.20

0.27
17.92
22.95
0.21
0.71
71.43
2.19
1.03
3.28
1.58
0.43
2.28

0.36
16.64
18.29
0.38
0.88
64.64
2.52
5.94
19.93
8.73
5.28
5.11

1.12
39.04
0.00
0.43
1.80
69.66
1.65
-4.77
-14.64
-7.28

0.21
18.23
17.46
0.45
0.64
68.44
2.70
3.17
10.42
5.34
40.75
4.39
1.28
5.19
0.03
2.65
34.76

0.21
18.23
17.46
0.45
0.64
68.44
2.70
2.33
8.62
4.00
40.75
4.39
1.28
5.19
0.03
2.65
34.76

-

-

-

-

290,509

1,187,224

2,152,438

4,617,259

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

30

2.93

-

-

-

-

16.95
0.00
8.54
38.85

3.23
0.00
0.29
30.90

14.81
0.00
5.81
30.60

-12.32
0.00
-38.53
27.03

Financial Statement Analysis of Non Financial Sector 2010

Babri Cotton Mills Ltd.
Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

646,301

643,368

825,406

794,266

1,014,836

1,027,619

-

-

-

-

818,852

869,704

994,782

999,491

9,344
1,218,926

223
1,257,551

646,301
21,356

643,368
57,267

825,406
32,220

794,266
35,899

1,000,084
34,429

1,005,891
33,751

0

0

0

0

-

-

-

-

0
2,182

0
19,144

291,512

256,388

304,906

385,770

3,226
349,881

2,361
349,792

687

436

555

5,473

536

1,035

210,766
0

215,875
4,103

264,408
0

332,374
557

321,233
0

322,492
0

18,135
61,924

18,751
17,223

19,830
20,113

22,292
25,074

0
28,112

0
26,265

384,491
279,766

447,507
304,326

723,806
288,645

524,623
417,328

526,995
397,829

404,356
314,078

104,725
251,586

143,181
249,508

435,161
86,485

107,295
341,434

129,166
332,019

90,278
341,391

-

-

-

-

303,314

266,280

0

0

0

0

0
0

0
0

-

-

-

-

251,586

249,508

86,485

341,434

20,271
8,434

21,202
53,909

301,736
20,000

202,741
20,000

320,021
20,000

313,979
28,960

505,703
28,960

631,664
28,960

20,000
0
281,736

20,000
0
182,741

20,000
0
300,021

28,960
0
285,019

-

-

-

-

28,960
0
27,268
19,440
7,828

28,960
0
158,136
19,440
138,696

449,475

444,568

402,378
402,378
0
394,505

610,905
610,905
0
579,968

746,943
746,943
0
672,184

739,868
739,868
0
694,241

-

-

-

-

7,873
18,239

30,937
25,513

74,759
27,818

45,627
25,687

746,961
746,961
0
695,754
466,776
228,978
51,207
27,675
2,541
25,134

1,195,591
1,195,591
0
920,569
620,110
300,459
275,022
43,833
2,615
41,218
139,387
98,774
98,436
154,897
5,978
0
4,344
175,450

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

-

-

-

-

18,239

25,513

27,818

25,687

-

-

-

-

(16,440)
1,784
0
0

(52,254)
3,054
0
0

(14,309)
3,734
0
0

(44,157)
3,699
0
0

-

-

-

-

97,232
108,015
107,734
(104,001)
0
0
0
29,787

553,322
0
(18,224)
279,766

452,249
0
(55,308)
304,326

406,506
0
(18,043)
288,645

655,413
0
(47,856)
417,328

837,722
303,314
(104,001)
701,143

973,055
266,280
148,919
580,358

0.05
2.95
0.00
0.43
0.76
98.04
2.11
-2.19
-5.96
-3.81

0.05
9.12
0.67
0.68
0.57
94.94
3.44
-5.69
-20.72
-10.39

0.03
9.21
0.00
0.66
0.42
89.99
2.53
-1.41
-5.47
-3.33

0.05
9.08
0.08
0.63
0.74
93.83
2.76
-3.82
-13.93
-8.32

0.00
14.46
0.00
0.55
0.66
93.14
1.70
-8.17
-25.38
-13.93

0.00
8.26
0.00
0.87
0.87
77.00
1.18
11.30
27.24
17.11

-

-

-

-

11,869

55,730

68,823

67,162

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

31

-

-

-

-

-

-

1.91

2.83

2.82

2.23

2.33
0.03
-13.92
0.03
-35.91
174.62

3.71
2.57
12.96
0.24
51.42
218.12

-

-

-

-

-4.09
0.00
-9.11
150.87

-8.55
0.00
-27.65
101.37

-1.92
0.00
-9.02
160.01

-5.97
0.00
-16.52
108.42

Financial Statement Analysis of Non Financial Sector 2010

Bhanero Textile Mills Ltd.
Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

1,308,145

2,151,441

2,004,468

1,847,513

1,767,663

1,660,535

-

-

-

-

1,866,849

2,869,077

2,913,338

2,946,161

2,578
3,002,510

66,895
3,002,444

1,308,145
52,098

2,151,441
162,952

2,004,468
203,166

1,847,513
187,325

1,724,335
176,981

1,573,155
164,211

0

0

0

0

-

-

-

-

0
375

0
63

1,082,757

919,050

1,405,761

1,555,617

40,374
1,366,387

20,422
1,517,201

12,223

23,859

55,617

18,529

22,666

36,211

809,544
154,974

594,036
180,967

838,621
373,616

961,826
417,069

799,754
443,989

951,780
387,230

318
105,698

400
119,788

425
137,482

375
157,818

0
99,978

0
141,980

914,604
713,361

1,166,077
724,207

1,762,835
922,988

1,616,483
1,047,505

1,339,149
1,104,299

1,418,425
1,151,616

201,243
775,114

441,870
1,167,244

839,847
793,958

568,978
797,086

234,850
810,184

266,809
358,759

-

-

-

-

517,333

89,184

0

0

0

0

89,286
0

100,000
0

-

-

-

-

775,114

1,167,244

793,958

797,086

45,777
157,789

52,780
116,794

701,184
30,000

737,170
30,000

853,436
30,000

989,561
30,000

984,716
30,000

1,400,553
30,000

30,000
0
671,184

30,000
0
707,170

30,000
0
823,436

30,000
0
959,561

-

-

-

-

30,000
0
954,716
900,000
54,716

30,000
0
1,370,553
1,300,000
70,553

0

0

1,316,491
1,316,491
0
1,109,061

2,692,900
2,692,900
0
2,270,797

3,547,048
2,369,098
1,177,950
3,070,479

3,510,404
1,633,599
1,876,805
3,100,964

-

-

-

-

207,430
56,596

422,103
80,817

476,569
91,400

409,440
98,467

3,781,557
2,773,421
1,008,136
3,285,300
2,282,843
1,002,456
496,257
109,599
44,710
64,890

4,737,286
648,366
4,088,920
3,899,119
2,625,010
1,274,108
838,167
187,904
52,048
135,856
321,062
231,441
194,403
427,511
55,019
60,000
0
475,670

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

-

-

-

-

56,596

80,817

91,400

98,467

-

-

-

-

102,746
6,282
15,000
0

173,464
20,932
7,500
0

185,609
17,735
0
0

99,967
18,082
6,000
0

-

-

-

-

277,188
289,788
258,895
99,624
16,382
6,000
0
435,451

1,476,298
0
81,464
713,361

1,904,414
0
145,032
724,207

1,647,394
0
167,874
922,988

1,786,647
0
75,885
1,047,505

1,794,900
517,333
77,242
1,621,632

1,759,312
89,184
312,492
1,240,800

0.18
3.70
11.77
0.55
1.18
84.24
2.41
5.49
15.69
8.96
6.43
1.63

0.18
6.85
6.72
0.88
0.79
84.33
3.17
6.35
24.12
10.26
20.34
4.53

0.24
5.67
10.53
1.04
0.80
86.56
3.00
5.73
23.34
10.45

0.35
7.66
11.74
1.21
1.02
86.88
2.18
3.05
10.09
5.56
13.87
4.73
1.38
2.63
0.20
27.75
328.24

0.30
4.89
8.17
1.49
1.07
82.31
1.27
13.55
35.85
24.06
6.21
4.98
3.20
9.02
0.27
124.16
466.85

-

-

-

-

48,703

184,391

200,980

220,877

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

32

4.23

0.27
6.29
11.88
1.03
0.96
88.34
2.44
2.93
10.85
5.82
13.65
3.65

-

-

-

-

7.80
0.00
32.15
233.73

6.44
0.00
50.84
245.72

5.23
0.00
55.96
284.48

2.85
0.00
27.30
329.85

Financial Statement Analysis of Non Financial Sector 2010

Bilal Fibres Ltd.
Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

527,647

554,381

546,134

727,389

725,200

744,019

-

-

-

-

544,603

594,282

587,511

758,989

0
785,441

0
827,011

527,647
16,934

554,381
23,098

546,134
26,221

727,389
29,358

721,687
33,721

740,645
33,341

0

0

0

0

-

-

-

-

0
0

0
0

141,873

184,738

230,316

290,821

3,513
234,693

3,374
263,264

8,753

3,876

28,316

3,465

1,923

17,179

68,892
7,636

111,997
10,023

114,720
5,341

168,200
34,614

140,027
35,566

140,135
38,556

0
56,592

0
58,842

0
81,939

0
84,542

0
57,177

0
67,394

334,093
184,578

470,587
235,943

384,518
85,650

468,390
191,906

360,427
250,653

317,392
241,717

149,515
112,957

234,644
63,486

298,868
288,392

276,484
354,736

109,774
524,334

75,675
590,155

-

-

-

-

450,782

525,717

0

0

0

0

38,500
0

38,500
0

-

-

-

-

112,957

63,486

288,392

354,736

7,652
27,400

10,140
15,799

222,470
141,000

205,046
141,000

103,540
141,000

195,084
141,000

75,132
141,000

99,735
141,000

141,000
0
81,470

141,000
0
64,046

141,000
0
(37,460)

141,000
0
54,084

-

-

-

-

141,000
0
(229,930)
0
(229,930)

141,000
0
(199,729)
0
(199,729)

164,062

158,464

507,087
470,318
36,769
467,485

764,512
658,986
105,526
717,618

784,998
669,247
115,751
785,345

905,213
711,885
193,328
865,938

-

-

-

-

39,602
16,646

46,894
23,539

(347)
27,819

39,275
43,592

945,592
887,181
58,411
934,752
712,320
222,432
10,840
37,179
13,299
23,880

1,309,870
1,232,212
77,658
1,196,175
925,844
270,331
113,695
71,996
14,558
57,438
97,764
62,358
61,264
(14,445)
6,549
0
0
59,464

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

-

-

-

-

16,646

23,539

27,819

43,592

-

-

-

-

9,643
2,262
0
0

16,425
4,096
0
0

(73,965)
4,312
0
0

(60,869)
36,511
0
0

-

-

-

-

8,552
66,582
64,394
(91,967)
584
0
0
(90,329)

335,427
0
7,381
184,578

268,532
0
12,329
235,943

391,932
0
(78,277)
85,650

549,820
0
(97,380)
191,906

599,466
450,782
(92,551)
701,435

689,890
525,717
(20,994)
767,433

0.05
2.85
1.51
0.76
0.42
92.19
2.01
1.62
5.55
3.81

0.03
5.19
1.31
1.03
0.39
93.87
2.60
2.33
7.68
5.44

0.09
5.91
0.68
1.01
0.60
100.04
6.50
-9.76
-47.94
-22.40

0.08
6.34
3.82
0.89
0.62
95.66
4.22
-6.78
-40.77
-12.93

0.10
7.04
3.76
0.99
0.65
98.85
11.78
-9.30
-68.07
-16.00

0.18
4.76
2.94
1.30
0.83
91.32
9.10
-1.47
-16.52
-2.24

-

-

-

-

14,473

39,699

46,390

57,389

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

33

-

-

-

-

-

-

7.36

6.83

6.84

5.38

6.75
-0.43
-9.73
-0.10
-6.56
5.33

9.35
0.76
-1.10
0.07
-1.49
7.07

-

-

-

-

1.90
0.00
0.52
15.78

2.15
0.00
0.87
14.54

-9.42
0.00
-5.55
7.34

-6.72
0.00
-6.91
13.84

Financial Statement Analysis of Non Financial Sector 2010

Blessed Textiles Ltd.
Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

1,079,065

1,658,154

1,640,013

1,624,083

1,576,840

1,636,161

-

-

-

-

1,512,231

2,234,273

2,388,468

2,535,503

0
2,648,347

217,380
2,599,938

1,079,065
59,834

1,658,154
146,417

1,640,013
173,801

1,624,083
173,375

1,565,527
168,880

1,405,916
160,269

0

0

0

0

-

-

-

-

0
0

0
0

686,393

782,472

924,834

1,171,036

11,314
880,145

12,865
773,353

49,175

14,071

40,833

33,895

12,809

30,781

300,784
241,244

489,630
139,753

532,383
244,751

846,297
178,208

670,208
74,092

525,224
87,597

0
95,190

0
139,018

0
106,867

0
112,636

0
123,036

0
129,751

660,439
505,051

945,704
784,198

1,327,328
718,054

1,365,871
921,037

962,322
772,167

514,871
311,172

155,388
613,297

161,506
871,921

609,274
533,903

444,834
587,718

190,155
667,083

203,699
648,362

-

-

-

-

495,842

504,014

0

0

0

0

89,286
0

86,708
0

-

-

-

-

613,297

871,921

533,903

587,718

32,621
49,335

39,419
18,221

491,722
64,320

623,001
64,320

703,616
64,320

841,530
64,320

827,581
64,320

1,246,280
64,320

64,320
0
427,402

64,320
0
558,681

64,320
0
639,296

64,320
0
777,210

-

-

-

-

64,320
0
763,261
750,000
13,261

64,320
0
1,181,960
1,100,000
81,960

0

0

1,652,743
276,582
1,376,161
1,449,853

2,948,008
430,542
2,517,466
2,531,198

2,703,735
1,457,233
1,246,502
2,308,072

2,994,329
1,724,239
1,270,090
2,628,606

-

-

-

-

202,890
50,345

416,810
95,235

395,663
91,160

365,723
100,937

3,295,075
1,385,948
1,909,126
2,787,605
1,805,782
981,824
507,469
152,194
101,180
51,013

4,054,212
694,014
3,360,198
3,252,897
2,356,379
896,518
801,314
197,228
111,394
85,834
263,162
174,156
145,826
429,930
40,082
32,160
0
703,544

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

-

-

-

-

50,345

95,235

91,160

100,937

-

-

-

-

103,943
16,418
4,824
0

170,517
40,698
4,824
0

125,130
18,793
4,824
0

115,680
20,178
6,432
0

-

-

-

-

204,946
257,167
231,321
98,108
24,714
4,824
0
575,953

1,105,019
0
82,701
505,051

1,494,922
0
124,995
784,198

1,237,519
0
101,513
718,054

1,429,248
0
89,070
921,037

1,494,664
495,842
68,570
1,268,009

1,894,642
504,014
357,688
815,187

0.44
2.94
14.60
0.94
1.04
87.72
2.59
6.70
23.14
10.26
18.14
5.49

0.16
5.14
4.74
1.21
0.83
85.86
2.92
8.11
30.59
13.12
26.91
6.02

0.22
6.66
9.05
1.05
0.70
85.37
2.65
5.00
18.86
9.16
22.04
5.08

0.16
5.32
5.95
1.07
0.86
87.79
2.32
4.32
14.97
8.68
14.85
3.54

0.09
7.80
2.25
1.34
0.91
84.60
1.97
3.74
11.76
6.71
15.21
4.92
1.42
2.98
0.35
11.41
128.67

0.23
4.30
2.16
1.68
1.50
80.24
0.93
17.67
41.46
25.37
12.12
7.72
3.95
10.60
0.60
60.61
193.76

-

-

-

-

48,602

151,466

179,969

159,348

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

34

-

-

-

-

6.29
0.00
13.61
76.45

5.78
0.00
20.18
96.86

4.63
0.00
16.53
109.39

3.86
0.00
14.85
130.83

Financial Statement Analysis of Non Financial Sector 2010

Brothers Textile Mills Ltd.
Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

200,892

192,075

178,059

141,753

394,870

387,080

-

-

-

-

485,133

482,524

487,476

438,493

0
435,564

0
435,564

200,892
16,033

192,075
21,169

178,059
19,297

141,753
8,480

132,789
8,394

124,999
7,790

0

0

0

0

-

-

-

-

0
0

0
0

369,733

365,507

330,157

279,552

262,082
15,377

262,082
15,136

6,429

3,532

2,627

765

82

27

75,869
3,473

81,236
3,411

44,936
791

0
44

0
44

0
44

0
283,962

0
277,328

0
281,803

0
278,743

0
15,251

0
15,065

348,544
112,418

373,806
153,012

428,371
76,193

389,826
48,834

64,453
41,658

22,011
6,385

236,126
71,975

220,794
53,409

352,178
42,673

340,992
37,036

22,795
381,259

15,626
430,386

-

-

-

-

0

0

0

0

-

-

-

-

71,975

53,409

42,673

150,106
98,010

130,367
98,010

98,010
0
52,096

3,232

0

359,929
0

411,942
0

37,036

0
18,098

0
18,444

37,172
98,010

(5,557)
98,010

(35,466)
98,010

(50,181)
98,010

98,010
0
32,357

98,010
0
(60,838)

98,010
0
(103,567)

-

-

-

-

98,010
0
(165,803)
0
(165,803)

98,010
0
(178,681)
0
(178,681)

32,327

30,490

343,453
338,275
5,178
326,909

459,802
456,099
3,703
458,218

484,041
450,742
33,299
502,553

166,647
166,647
0
176,242

-

-

-

-

16,544
11,391

1,584
17,410

(18,512)
18,839

(9,595)
11,734

0
0
0
0
0
0
0
20,920
0
20,920

0
0
0
0
0
0
0
16,215
0
16,215
5,025
4,057
3,411
(20,272)
0
0
0
(13,563)

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

-

-

-

-

11,391

17,410

18,839

11,734

-

-

-

-

(7,901)
1,722
0
0

(35,681)
3,203
0
0

(61,193)
2,422
0
0

(32,267)
835
0
0

-

-

-

-

7,444
10,114
9,521
(29,908)
0
0
0
(21,458)

222,081
0
(9,623)
112,418

183,776
0
(38,884)
153,012

79,845
0
(63,615)
76,193

31,479
0
(33,102)
48,834

345,794
3,232
(29,908)
44,890

380,205
0
(20,272)
6,385

0.03
4.17
1.01
0.60
1.06
95.18
2.80
-1.36
-5.16
-3.71

0.02
5.96
0.74
0.82
0.98
99.66
3.28
-6.33
-25.44
-17.58

0.01
5.11
0.16
0.95
0.77
103.82
12.67
-11.48
-73.05
-46.42

0.00
6.84
0.03
0.40
0.72
105.76
-76.82
-6.94
-204.12
-57.97

0.00

0.00

-

-

0.00
0.24

0.00
0.69

-

-

-

-

14,317

27,410

24,735

11,396

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

35

-

-

-

4.53

5.66

10.77

-

-

-

-

-2.30
0.00
-0.98
15.32

-7.76
0.00
-3.97
13.30

-12.64
0.00
-6.49
3.79

-19.36
0.00
-3.38
-0.57

-

-

-12.57
-7.19
145.81
-15.85

-9.02
-4.99
47.34
-5.58

-

-

-2.14

-4.94

-

-

-0.05
-3.05
-3.62

-0.03
-2.07
-5.12

Miscellaneous 1.674 0 3.476 (47.378 0 0 - - - - 93.68 - - - - 19.310 155.369 44.08 0.000 227.24 4.438 113.385 41.483 400.33 93.98 40.867 1.Revenue Reserve 3.97 0.Total value of bonus shares issued 11.Sales i).808 99.352.236 402.111 0 88.Other current assets C.595 783.338) 400.734 786.70 95.773 48.878 213.68 5.483) 0 (240.340 715.Other input cost 3. administrative and other expenses i).417 210.Acid test or quick ratio[(B1+B3+B4) to C] 2.828 509.Tax provision (current year) 9.Other non-current liabilities E.233 225.840 683.401) - - - - 400.256 201.30 0.734 47.00 5.10 3.Employees benefit obligations 5.212 2.523 612.722 600.818) 51.000 0 140.052 0 (24.916 265.Earning per share after tax (Rs.400 182.470 25.663 26.Operation: 1.Shareholders Equity (E1+E2+E3) 1.000 51.Assets turnover ratio [F1 to (A+B)] 5.086 711.Trade Debt 4.Long term secured loans 2.Dividend cover ratio [(F7-F8) to F9] 12.Inventory Turnover Ratio (F1 to B2) 13.Intangible assets 6.737 300.518 42.929 950.431 8.264 0 0 (22.04 -10.928 796.975) 3.437 32.783 618.Key Performance Indicators 1.831 9.718 47.Long term investments 7.287 0 0 0 0 - - - - 0 0 0 0 255.75 96.246 1.768 F.93 4.Break-up value shares (Rs. of Ord.Return of equity (F7 as % of avg.Net profit before tax 8.005.566 22.Inventories 3.07 3.838 0 (42.15 5.66 4.305 51.671 0 58.517) 400./share) (E/No.518 193.13 0.538 39.526 674.14 -24.79 0.176 568.531 785.00 -0.Preference shares 2.814 0 1.344 1.474) 205.650 30.176 3.61 5.04 0.Other current liabilities D.Return on assets [F7 as % of avg.152 0 83.747 2.483 774.548 261.835 8.030 0 (27.095 0 0 24.221 1.Financial Statement Analysis of Non Financial Sector 2010 Chakwal Spinning Mills Ltd.06 5.205 210.73 -9.677 28.Total capital employed (E+D) 2.502) 155.000 0 (198.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.(A+B)] 9.983 373.654 333.Salaries.Non-Current Assets (A1+A3+A5+A6+A7) 1.203 752.905) 4.Retention in business (F7-F8-F9) 4.413) 2.947 62.739 752.Cost of goods sold to sales (F2 as % of F1) 7.948 - - - - 6.40 -2.73 0.Financial expenses as % of sales (F6 as % of F1) 3.772 19.551 201.Capital Reserve ii).57 0.211 43.686 34.33 0.104 372.000 0 (240.739 37.387 32. of Ord.747 120.56 2.90 5.946 169.19 236. Items A.458 275.417 30.General.Total fixed liabilities (D1+D3) 3.000 0 (305.69 -28.814 0 1.275 649.798 0 123.526 25.677 26.437 21.863 13.000 400. E) 10.57 7.Issued.15 4.00 -4.256 0 371.Current Liabilities (C1+C2) 1.68 0.Total amount of dividend 10.Cash flows from operations - - - - 21.678 52.27 0.66 0.47 92.983 604. shares] 17.307 400.083 35.Net profit margin (F7 as % of F1) 15.682 69.82 4.00 -0.Other non-current assets B.79 1.Financial expenses of which: (i) Interest expenses 7.134 20.14 2.18 0.21 3.000 0 (186.193 1.289 875.43 4.17 5.Long term unsecured loans 3.707 149. G1) 11.30 -2.189.24 4.077 86.62 0.256 0 149.050 853.Operating cash flow to debt ratio [F11 to (C+D)] 16.182 505.820 21.000 214.573 26.86 4.734 809.569 614.370 182.591 30.266 43.337.939 561.93 0.856 33.824 783.463 46.Debentures/TFCs 4.Reserves i).000 113.948 989.487 54.824 30.662 400./share) [(F7-F8)/No.000 371.190 150.79 5.526 715.Return on capital employed ( F7 as % of avg.035 846.86 87.338 42.265.14 0.Operating fixed assets after deducting accumulated depreciation 4.213 794.947 66.916 819.061 - - - - 43.341 155.10 5.601 8.41 4.790 637.625 46.Cash & bank balance 2.25 2.00 0.283) 225.34 -2.337.28 3.542 775.535 206.048.34 -20.03 -1.053 594.722 0.53 4.526 458.54 0.22 - - - - 0.000 168.623 92.279 55.214 143.Selling & distribution expenses ii).788 41.466 243.431 183.992 73.71 0.315 34.000 0 (185.916 132.846 39.41 91.529 12.483) 74.09 1.220 35.682 30.00 -1.Cost of sales i).569 52.334 0 75.15 1.236 217.Export Sales (Net) 2.842 0 0 (20.47 -6.89 0.213 364.597 787.36 .Depreciation for the year 5.58 0.211 - - - - 0 0 0 0 - - - - 30.083 0 95.188.891 205.Ordinary Shares ii).71 -4.98 3.425 402.07 4.322 - - - - 1.527 0 0 5.025 304.Gross Profit 4.599 400.Operating fixed assets at cost 3.413) 400. wages and employee benefits 6.790 48.98 0.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 561.010 1.Capital work in progress 2.Debt equity ratio [(C+D) to E] 8.79 0.529 8.70 -7.614 736.Trade Debt as % of sales (B3 as % of F1) 4.481 62.06 6. shares) 36 - - - - - 4.87 0.Non-Current Liabilities (D1+D2+D3+D4+D5) 1. Subscribed & Paid up capital i).Local sales (Net) ii).571 35.156 345.85 -2.29 0.845 856.99 2.Short term Secured loans 2.183 341.888 400.76 0.Current Assets (B1+B2+B3+B4+B5) 1.95 0.852 164.78 0.Cost of material ii).89 5.338 (49.379.03 3.113 659.18 11.888 79.413) 0 (305.276 412.372 G.Administrative and other expenses 5.508) 326.625 785.Current ratio (B to C) 6.Short term investments 5.300 67.256 0 (109.Contractual Liabilities (G2+C1) H.534 352.

Cost of material ii).240.420.825 7.000 0 (14.807 4.58 -29.716.09 0.54 0.Key Performance Indicators 1.645 7.442.272.(A+B)] 9.Operating cash flow to debt ratio [F11 to (C+D)] 16.Cash flows from operations - - - - 4.22 0.59 -21.296.85 32.01 10.588 1.855 7.096 7.352 8.488 0.852 0 4.Total capital employed (E+D) 2.161 6.64 3.23 2.039 7.766.875.461 282.511.92 0.920.025 5.429.455.00 0.685) 8.784 1.25 0.287 4.92 78.473.Financial expenses of which: (i) Interest expenses 7.80 6. Items A.Net profit margin (F7 as % of F1) 15.858 63.Other non-current assets B.852 4.Long term secured loans 2.Employees benefit obligations 5.236.064 20.373.392 621.000 7.Long term investments 7.375 511.09 - - - 1.34 -0.183 0 4.440 0 162.100.334 783.000 0 (15.08 0.000 800.150.000 3.09 -10.Current Assets (B1+B2+B3+B4+B5) 1.07 -29.56 0.01 -0.558 1.Long term unsecured loans 3.399 85.000 800.61 . administrative and other expenses i).10 -0.44 2.Assets turnover ratio [F1 to (A+B)] 5.000 5.855.222.000 (6.15 -0.64 -0.884 1.Miscellaneous 1.884 578.256 1.484.Earning per share after tax (Rs.984.00 2.131 F.150.204 0 0 0 0 0 0 0 0 8.039 272.Depreciation for the year 5.628) 88.950.Financial Statement Analysis of Non Financial Sector 2010 Chenab Ltd.480 2.338.967 266.358.Cash & bank balance 2.Reserves i).710.18 -26.812.740.122) 526.Sales i).Selling & distribution expenses ii).933 0 0 (143.302.699.53 0.750.410 17.82 2.Debentures/TFCs 4.446 74.Return on capital employed ( F7 as % of avg.03 -17.679.040) (7.571 2.491.Operating fixed assets at cost 3.150.150 2.Capital work in progress 2.988 9.944 0 40.000 (1.40 -0.Non-Current Assets (A1+A3+A5+A6+A7) 1.63 50.410 (1.674.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.466 0 (6.Cost of sales i).17 3.694 1.Cost of goods sold to sales (F2 as % of F1) 7.794 167 0 3.65 34.Issued.062) 0 1.981 11.Financial expenses as % of sales (F6 as % of F1) 3.Short term investments 5.995.30 14.473.515 2.Capital Reserve ii).991. wages and employee benefits 6.190 9.36 34.Short term Secured loans 2.31 16.025.022 363.844 0 12.Other input cost 3.46 0.613.00 0.464.Net profit before tax 8.862.85 80.305 578.00 0.311 8.012 1.Total fixed liabilities (D1+D3) 3.062) 7.736 7.004.688 205.091.197 8.08 -0.235 3.388 0 0 379.Return of equity (F7 as % of avg.944 0 40.24 12.118.14 - - 1.012 1. of Ord.327 9.965 7.Revenue Reserve 3.643 40.600 2.093.36 -10.03 0.846 (2.00 0.07 0.161 10.89 0.526.532) 1.675.38 0.028.352 17.483 6.77 3.56 -0.909 7.521 7.653.786 307.327 - - - - 2.45 2.004 4.661) 10.855 30.774 2.Inventory Turnover Ratio (F1 to B2) 13.884 550.12 1.073 (197.041 4.846 0 0 0 0 296.General.962 0 2.571 197.606 7.939.881 (13.121 253 135 65.723 7.Current Liabilities (C1+C2) 1. shares) 37 - - -5.67 102.79 -8.653 0 - - - - 0 0 2.84 31.701.209 0 0 0 0 - - - - 0 0 0 0 3.Salaries.420.251.480 (96.568.Intangible assets 6.004.95 2.250 550.821 2.800.455.565 0 1.000 800.221 1.014 283.000 3.656 8.236.350 40.405 1.461 8.393.877 526.742.Total amount of dividend 10.225) 1.Gross Profit 4.792 0 (97.420.429.142 8.294) 82.883 (1.14 8.389 3./share) [(F7-F8)/No.891 8.613.221 - - - - 1.125. Subscribed & Paid up capital i).354.Acid test or quick ratio[(B1+B3+B4) to C] 2.Local sales (Net) ii).197 - - - - 41.131 2.574.18 0.Break-up value shares (Rs.107.310 2.919.000 0 (13.414.487.188 0 1.914.138 0 3.817 60 7.046.027 3.Shareholders Equity (E1+E2+E3) 1.352.Dividend cover ratio [(F7-F8) to F9] 12.526.Other current assets C.Retention in business (F7-F8-F9) 4.857.209.491) 569.Contractual Liabilities (G2+C1) H.98 - - 0.09 -0.394.461 0 1.138 0 8.950.821 2.86 81. G1) 11.29 0.560.266 800 0 0 862 312 0 0 160.547.144.376 11.623 41.708 1.Trade Debt as % of sales (B3 as % of F1) 4.017 2.025.Operation: 1.336.Operating fixed assets after deducting accumulated depreciation 4.Non-Current Liabilities (D1+D2+D3+D4+D5) 1. E) 10.Administrative and other expenses 5.225) 7.796 866.950.951 - - - - 0 4.082 1.967 11.016) 10.566.20 5.591 G.99 -0.833 0 953 5.Return on assets [F7 as % of avg.062) 7.159.420 0 0 0 0 3.78 37.481 30.07 -6.389. shares] 17.669 6.936 - - - - 2.573 2.856 1.98 -12.475.Current ratio (B to C) 6.233.00 -0.Total value of bonus shares issued 11.Export Sales (Net) 2.150./share) (E/No.997.145 2.967 7.296.01 2.055.Ordinary Shares ii).669 10.96 28.379 997.352.07 - - 0.37 -0.68 -41.Debt equity ratio [(C+D) to E] 8.06 0.681 5.225) 0 550 0 6.90 0.135.54 -12.290 19.653 0 296.00 0.Other current liabilities D.401 6. of Ord.467 1.356 2.970.18 - - - - 1 3 838.000 1.855 47 30.391 0 0 - - - - 800.Other non-current liabilities E.308.Tax provision (current year) 9.434 204.000 800.01 0.817 7.Preference shares 2.Inventories 3.126 7.988.657 2.437 0 (7.214 4.000 3.00 0.300 8.000 1.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 30.728) 82.Trade Debt 4.884 1.247 59.950.000 543.124.791.

470 67.087 1.111 9.264 F.Inventory Turnover Ratio (F1 to B2) 13.814.Non-Current Assets (A1+A3+A5+A6+A7) 1.048 2.Employees benefit obligations 5./share) [(F7-F8)/No.82 5.225 319.527 2.834 9.267 2.566 18.267 250.Long term secured loans 2.589 4.465 0 432.Short term investments 5.075.Financial Statement Analysis of Non Financial Sector 2010 Colony Mills Ltd.904.568 39.59 4.Tax provision (current year) 9.Cash & bank balance 2.140.007.961 - - - - 5.274 1.568 2.913 5.539 0 0 119.493.00 0.Contractual Liabilities (G2+C1) H.847.099.441.000 0 1.01 87.Administrative and other expenses 5.17 - - - - 4.26 0.578 5.819 646.295.926 242.167 3.460 452 513.020.334) 2.Capital work in progress 2.248 579.22 0.763 250.Total value of bonus shares issued 11.43 11. (Colony Textile Mills Ltd.228.371 692.262.913 0 0 175.(A+B)] 9.171 1.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 3.61 -5.847 68.800 0 - - - - 435.764 528 813.934.Financial expenses as % of sales (F6 as % of F1) 3.198.153 2.725 7.526.794 0 104.907 524.472 5.235 154.526.23 7.550 0.28 0.84 1.942 2.706 7.90 5.00 1.89 0.331 14.783.228.00 85./share) (E/No.Preference shares 2.00 4.763 0 707.335.Other current assets C.796 2.Short term Secured loans 2.08 - - - - 129.420 4.464 319.078 2.Financial expenses of which: (i) Interest expenses 7.39 0.464 994.90 - - 2.099 1.470 279.409 1.687 6.76 12.062 2.248.744 890.) Items A.Reserves i).569 G.390 2.527 32.133.34 3.055 207.34 11.633 284.Operating fixed assets at cost 3.73 0.Other non-current liabilities E.145.936 9.677.352 1.00 6.150 207.345.763 0 72.109.10 6.Operating cash flow to debt ratio [F11 to (C+D)] 16.086 1.167 3.268 28.887 532.Dividend cover ratio [(F7-F8) to F9] 12.Operation: 1.824.78 10.58 0.01 89.441.327.Long term investments 7.414 0 0 458.526.05 0.558 321.120 332.Intangible assets 6.460 7.Return on assets [F7 as % of avg.055 738.414 3.347 6.942 4.778 166. of Ord.736 5.826.Break-up value shares (Rs.310 2.00 1.Total fixed liabilities (D1+D3) 3.44 1.705 1.940 7.450 - - - - 180.012.330 2.345.807 491.077.441.41 0.763 2.763 3.824.149.672 744.340 540.60 7.106.579.287 4.909.082 3.441.015.710.213) 9.048.953.18 0.991.514.859.Cost of goods sold to sales (F2 as % of F1) 7.662 553.304.672 2.379 1.Earning per share after tax (Rs.44 3.592.233 3.Other non-current assets B.784 309.392.142 1. Subscribed & Paid up capital i).934.247 787.Export Sales (Net) 2.79 0.124.693.Depreciation for the year 5. E) 10.960.799.16 4.067 26.219 134.000 0 - - - - 1.248 1.78 0. administrative and other expenses i).35 7.298.Debt equity ratio [(C+D) to E] 8.391.Shareholders Equity (E1+E2+E3) 1.798. of Ord.Other input cost 3.134 3.885 2.789 6.633 5.Net profit margin (F7 as % of F1) 15.441.76 88.63 0.953.38 .763 0 335.Debentures/TFCs 4.948 24.135.03 -14.00 5.Cost of material ii).245.588 - - - - 2.Trade Debt 4.875 3.441.32 0.752.Acid test or quick ratio[(B1+B3+B4) to C] 2.Net profit before tax 8.450 7.Inventories 3.Retention in business (F7-F8-F9) 4.Selling & distribution expenses ii).885 640.000 2.312.641 1.264.73 1.881 256.379 0 0 0 0 100.393 865.414 32.42 15.09 5.702.479 2.638.64 1.633 2.34 12.429 0 0 536.90 0.000 0 100.833 1.Current Assets (B1+B2+B3+B4+B5) 1.Capital Reserve ii).730 0 6.318.730 7. shares) 38 - - - 3.762 192.610 814.205 1.50 5.841.26 53.152 0 156.743.149 - - - - 3.23 7.Key Performance Indicators 1.629 2.Return on capital employed ( F7 as % of avg.351 2.026.Ordinary Shares ii).917 2.01 86.297 18.159 210.Total capital employed (E+D) 2.909 0 335.262.26 1.Issued.General.589 141.837.09 11.Assets turnover ratio [F1 to (A+B)] 5.Current ratio (B to C) 6.601 10.485.909 0 0 3.45 0.194.27 1.061.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.788 8.544.194 64.925 543.451 305.992 5.833 1.505 - - - - 370.389.018 5.584 6.905 4.992 (435.405.158.716 2.611.48 12.395.56 8.69 1.827 6. shares] 17.74 16.274 1.823 1.32 3.204 5.05 -1.007.Other current liabilities D.040.98 3.526.345 2.288 3.068 0 0 0 0 - - - - 0 972.683.90 5.441.776 67.58 4.218 7.248.Operating fixed assets after deducting accumulated depreciation 4.Local sales (Net) ii).304 2.293.576 4.906.204 7.84 3.777.891 1. wages and employee benefits 6.930 3.323.35 3.58 2.Long term unsecured loans 3.763 2.243 2.269 1.526 1.Sales i).681 589.592.42 0.679.828.363 1.218 203.515 4.576 3.194 5.763 2.158.293 331.373 35.Total amount of dividend 10.Return of equity (F7 as % of avg.97 -5.Current Liabilities (C1+C2) 1.955.427.001.058.110 0 429.714 3.999 0 0 363.638.61 -3.919 0 (197.83 81.441.245.53 0.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.710.Revenue Reserve 3.794 2. G1) 11.408.716 0 72.Trade Debt as % of sales (B3 as % of F1) 4.789 7.331 8.02 1.396 2.020.725 5.859.020.809 18.784 (405.407 149.828 5.926 9.576 1.339 4.648.636.580 26.86 2.293 363.41 5.379 263.288 5.973 8.22 0.01 3.264.048 4.598.353 4.55 1.063.Cost of sales i).934 8.20 3.Salaries.763 0 301.30 3.Cash flows from operations - - - - 105.079 5.441.156.508.389 2.299 2.419 371.Miscellaneous 1.763 0 464.62 3.571.69 6.784) 29.90 0.48 8.09 14.761 4.050.429 348.25 0.441.641 2.852 1.996 5.Gross Profit 4.269.651 65.62 1.138 105.08 11.

760 12.575 67.05 2.978 42.319 14.39 65.71 0.09 9.675 0 - - - 0 108.676 5.52 1.Total capital employed (E+D) 2.84 - - 3.678 124.545 2.644 187.151 0 0 1.53 18.527 99.50 1.Other current assets C.16 90.Current Assets (B1+B2+B3+B4+B5) 1.481 0 33.Debentures/TFCs 4.Assets turnover ratio [F1 to (A+B)] 5.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.30 0.913 25.532 201.Earning per share after tax (Rs.Operating cash flow to debt ratio [F11 to (C+D)] 16.263 282.692 0 1.Long term investments 7.298 1.673 7.411 297.Tax provision (current year) 9.25 0.875 873.318.484 0 0 2.829 0 0 393.17 5.580 48.82 23.047 0 56.456 274.Revenue Reserve 3.Shareholders Equity (E1+E2+E3) 1.05 7.692 1.360 81.10 3.Employees benefit obligations 5.208 - - - 0 0 116.247 16.319 32.410 292.020 50.10 1.233 879 0 0 57.Cost of sales i).024 256.499 0 162.85 0.175 219.067 248.Contractual Liabilities (G2+C1) H.34 2.107 6. wages and employee benefits 6.Issued.13 0.Return on assets [F7 as % of avg.Short term Secured loans 2.203 1.338 162.931 - - - 1.158 28. G1) 11.31 3.02 11.23 2.520 341.General.Trade Debt as % of sales (B3 as % of F1) 4.418 0 92./share) (E/No.458 294.888 44.Total fixed liabilities (D1+D3) 3.527 0 0 0 8.482 9.Financial Statement Analysis of Non Financial Sector 2010 Crescent Fibers Ltd.049 35.Salaries.427.247 12.Selling & distribution expenses ii)./share) [(F7-F8)/No.181 0 (43.84 10. E) 10.Capital Reserve ii).Non-Current Assets (A1+A3+A5+A6+A7) 1.041 124.092 35.179 180. Subscribed & Paid up capital i).82 8.179 0 0 0 118.189.Administrative and other expenses 5.580 124.175 67.673 448.027 1. shares] 17.580 0 0 318. administrative and other expenses i).Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 - 0 318.Return of equity (F7 as % of avg.725 - - - 0 875.774 32.Preference shares 2.160.401 - - - 124.354 237.02 23.58 22.13 0.49 14.Cost of material ii).39 1.278 1.179 0 56.54 1.246.807 0 0 231.167 170.) Items A.160 64.601 0 29.269 118.Inventory Turnover Ratio (F1 to B2) 13.051 446.286 5.179 0 105.224 6.545 29.195 68.68 93.Gross Profit 4.524 42.46 4.342 368.Current ratio (B to C) 6.100) 195.Break-up value shares (Rs.467 42.067 386.426.112 1.306 118.453 1. shares) 39 10.Return on capital employed ( F7 as % of avg.929 0 0 109.913 109.Cash flows from operations - - - 0 48.Dividend cover ratio [(F7-F8) to F9] 12.99 14.Total value of bonus shares issued 11.923 2.705 224.09 - - - 0 36.Local sales (Net) ii).85 20.948 0 5.763.378 13.064 1.845 1.179 286.Acid test or quick ratio[(B1+B3+B4) to C] 2.Operating fixed assets after deducting accumulated depreciation 4.182.433 976.898 48.340 29.96 6.Long term secured loans 2.93 0.03 2.042 41.Intangible assets 6.36 2.413 5.110 101.978 86.513 147.818 5.090 0 - - - 121.499 0 0 0 0 0 0 1.00 2.02 0.Other non-current assets B.560 71.250 1.234 62.265 229.89 92.44 0.31 1.Short term investments 5.Cash & bank balance 2.49 3. (Crescent Boards Ltd.623 F.Ordinary Shares ii).38 8.Financial expenses as % of sales (F6 as % of F1) 3.047 124.63 2.610 0 51.073.291 207.50 2.637 42.629 41.31 8.512.385 52.Other non-current liabilities E.98 49.769.Debt equity ratio [(C+D) to E] 8.Current Liabilities (C1+C2) 1.75 1.273 1.Export Sales (Net) 2.676 153.51 .Other input cost 3.695 850.385 1.20 9.Sales i).982 - - - 30.Inventories 3.39 10.042 54.035 - 0 0 0 0 380.57 7.31 0. of Ord.Retention in business (F7-F8-F9) 4.273 - - - 0 0 0 0 39.675 0 13.757 116.Long term unsecured loans 3.Cost of goods sold to sales (F2 as % of F1) 7.334 - - 0.Other current liabilities D.00 1.(A+B)] 9.483 0 456.980 12.81 1.Trade Debt 4.391 342.Net profit margin (F7 as % of F1) 15.371 154.Capital work in progress 2.825 1.Miscellaneous 1.038 G.963 162.65 0.456 91.15 28.351 51.125 697.589 7.660 16.Reserves i).Net profit before tax 8.979 158.780 0 0 272.241.265 0 154.Financial expenses of which: (i) Interest expenses 7.788 1.096 372.552 108.Total amount of dividend 10.36 8.Operating fixed assets at cost 3.801 330.Depreciation for the year 5.411 414.20 85.159 2.225 124.757 30.Key Performance Indicators 1.90 9.601 179.103 - 0 2.642 195.179 0 162.20 1.Operation: 1. of Ord.141 884 856.475 150.189.479 31.

237 376 50.358) 30.Long term investments 7./share) (E/No.294 155.Cost of sales i).108 78.Inventory Turnover Ratio (F1 to B2) 13.11 9.585 90.246 400.235.82 131.524 0 250.536 84.911 0.Contractual Liabilities (G2+C1) H.930 0 1.794 - - - - 30.92 -2.540 537.02 6.318 30.764 150.973 17. administrative and other expenses i).M.Financial Statement Analysis of Non Financial Sector 2010 D.253 26.854 0 0 (23.259 15.624 10.730 3.323 (8.765 0 963.213 171.006.824 (72.180 3.39 0.302 32.006 199.912 0 0 57.449 175.16 9.741 393.937) 150.45 4.452 34.950 573.224 - - - - 138.008 1.31 101.83 1.18 0.Salaries.Sales i).258 456.06 4.308 179.033 2.072 599.510 30.766 549.90 0.Revenue Reserve 3.27 0.48 0.01 2.41 -3.042 - - - - 771.Shareholders Equity (E1+E2+E3) 1.Miscellaneous 1.650 103.394) 4./share) [(F7-F8)/No.Operating fixed assets after deducting accumulated depreciation 4.21 92.292 F.524 0 (92.397 122.902 176.063 43.329 25.Acid test or quick ratio[(B1+B3+B4) to C] 2.115 731.837 2.524 0 527.Current ratio (B to C) 6.424 138.110 27.Ordinary Shares ii).524 0 369.053 0 675.Capital Reserve ii).058 150.368 779.Short term Secured loans 2.163 599.79 0.91 .524 0 (116. E) 10.989 196.791 242.139 0 1.Dividend cover ratio [(F7-F8) to F9] 12.Operating cash flow to debt ratio [F11 to (C+D)] 16.268 13.96 0.Employees benefit obligations 5.Tax provision (current year) 9.Net profit before tax 8.943 805.343 0 29.034 30. shares] 17.Gross Profit 4.291 4.10 -1.127 507.04 7.358) 0 (116.609 1.Operation: 1.Long term unsecured loans 3.849 636.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 532.982 30.598 982.579 30.Current Assets (B1+B2+B3+B4+B5) 1.161 25.287 65.957 47.Operating fixed assets at cost 3.09 0.Other current assets C.524 511.51 -13.524 558.54 90.Retention in business (F7-F8-F9) 4.116 30.12 2.Administrative and other expenses 5.178 49.454) 310.Financial expenses as % of sales (F6 as % of F1) 3. of Ord.Return on assets [F7 as % of avg.662 456.14 2.870 43.426 27.(A+B)] 9.17 0.15 190.391 - - - - 43.Other input cost 3.410 21.244 0 (27.Other non-current liabilities E.85 90.74 0.163 11.Long term secured loans 2.Reserves i).939 0 30.338 0 0 - - - - 49.424 402.245 0 1.88 28.992 910.63 0.Cost of goods sold to sales (F2 as % of F1) 7.56 167.61 0.Total amount of dividend 10.741 267.00 0.012.306 512.345 0 903.287 79.644 936.077 768.29 0.74 0.612 3.426 146.279 1.91 7.Cash flows from operations - - - - 11.765 73. wages and employee benefits 6.509 3.416 590 6.055 30.01 1.30 -6.Selling & distribution expenses ii).872 284.685 224.053 768.Key Performance Indicators 1.524 582.456 96.00 -7.79 6.14 2.Preference shares 2.676 79.151 316.524 30.70 - - - - 4.937 7.170) 4.Total value of bonus shares issued 11.Total capital employed (E+D) 2.74 161.588 93.880 30.Break-up value shares (Rs.964 3.Cash & bank balance 2.753 74.380 711.Total fixed liabilities (D1+D3) 3.98 0.741 741.355 54. Items A.365 G.230 107.750 861.Earning per share after tax (Rs.Local sales (Net) ii).Return of equity (F7 as % of avg.345 982.665 532.764 387.356 0 0 0 0 - - - - 0 1.101 156.185 0 16.582 374.766 0 558.409 208.930 150. G1) 11.891 42.Other non-current assets B.798 (72.72 88.68 2.42 3.524 280.515 26.32 13.04 4.543 0 0 (17.Debt equity ratio [(C+D) to E] 8.Inventories 3.050 1.524 494.39 0.36 5.259 1.245.355 18.70 0.Trade Debt 4.894 163. of Ord.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.583 842.28 -13.93 0.57 1.Debentures/TFCs 4.Current Liabilities (C1+C2) 1.586 0 (21.05 182.306) 579.814 - - - - 20.467 84.872 782.Other current liabilities D.00 -9.91 0.791 224.631 247.43 4.Return on capital employed ( F7 as % of avg.10 3.27 0.12 1.01 -23.306) 0 (92. Textile Mills Ltd.192 30.658) 23. Subscribed & Paid up capital i).Export Sales (Net) 2.18 -2.304 0 1.09 -5.756 980.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Cost of material ii).77 -9.875 12.04 -0.Trade Debt as % of sales (B3 as % of F1) 4.Depreciation for the year 5.306 456.558 369.784 4.938 57.181 11.309 2.756 16.765 963.63 0.293 195.524 0 551.68 0.17 - - - - 12.453 30.Assets turnover ratio [F1 to (A+B)] 5.53 0.Short term investments 5.576 290.354 97.Financial expenses of which: (i) Interest expenses 7.Non-Current Assets (A1+A3+A5+A6+A7) 1.Net profit margin (F7 as % of F1) 15.364 79.287 0 33.82 -1.295 1.Capital work in progress 2.268 221.47 0.798 89.General.43 0.259 28.54 0.Issued.00 5.01 9.814 549.79 91.929 30.811 643 26.00 9.955 138.254 801.Intangible assets 6.245.117 376 115.98 5.104 89.540 733.159 376 186.01 4.01 -2.508) 146.01 6.86 0.496 27.258 0 413.765 42.151 175.42 -3.876 196.477 867.723 25.36 1.872 389.636 94.51 0.446) 8 0 0 6.965 980.37 1.624 0 0 0 0 0 0 0 0 - - - - 107.426 92.982 66.54 92.12 1. shares) 40 - - - - - 4.

173 130.190 192.Short term investments 5.538 (28.Issued.17 -6.Other non-current assets B.741 - 0.88 -6.312 192.940 404. E) 10. Subscribed & Paid up capital i).746 381.211) 600.Financial expenses of which: (i) Interest expenses 7.16 87.Employees benefit obligations 5.14 0.(A+B)] 9.Debentures/TFCs 4.Operating fixed assets after deducting accumulated depreciation 4.947 5.500 (33.Non-Current Assets (A1+A3+A5+A6+A7) 1.Cost of goods sold to sales (F2 as % of F1) 7.Earning per share after tax (Rs.592) 600.Intangible assets 6.411 130.Revenue Reserve 3.Inventory Turnover Ratio (F1 to B2) 13.072 122.206 - 196.37 -117.312 (988.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Cost of material ii).99 .Total capital employed (E+D) 2.41 17.Shareholders Equity (E1+E2+E3) 1.Salaries.Inventories 3.498 93.016 909.Gross Profit 4.Net profit before tax 8.888) 603.Return on capital employed ( F7 as % of avg.041 653.074) 0 0 0 150.Acid test or quick ratio[(B1+B3+B4) to C] 2.736 0 652.Financial Statement Analysis of Non Financial Sector 2010 D.Retention in business (F7-F8-F9) 4.Operating cash flow to debt ratio [F11 to (C+D)] 16.500 0 0 0 0 4.000 600./share) [(F7-F8)/No. G1) 11.371 86.Key Performance Indicators 1.88 632.Depreciation for the year 5.56 -2.08 9.547 11.351 27. of Ord.633) 142.15 -16.Other current assets C.Ordinary Shares ii).249 23.000 (179.414 46.Sales i).209 23.09 0.020 61.586 40.113 54.621 272.147 796 513.251 0 0 66.622) 600.000 0 (909. administrative and other expenses i).Break-up value shares (Rs.65 5.92 3.Long term unsecured loans 3.Cash flows from operations G.875 0 698.633) 0 (909.06 -19.Total amount of dividend 10.Capital work in progress 2.Other current liabilities D.30 0.Preference shares 2.296 913.352 3.00 0.646 335.072 87.014 20.825 76. Industries Limited Items A.657 610.Long term secured loans 2. shares) 41 - - 28.Return of equity (F7 as % of avg.622) 0 (898.Current Liabilities (C1+C2) 1.Total value of bonus shares issued 11.457 (156.77 F.66 -151.074) 642.Surplus on revaluation of fixed assets 2005 2006 2007 2008 - - - - - - - - - - - - - - (Thousand Rupees) 2009 2010 783.692 0 101.186 746.Dividend cover ratio [(F7-F8) to F9] 12./share) (E/No.505 56.Capital Reserve ii).78 0.963 3.Other input cost 3.06 -0.14 0. shares] 17.665 803.176 229 37.000 0 (898.304 717.Trade Debt as % of sales (B3 as % of F1) 4.Reserves i).Long term investments 7.Cash & bank balance 2.Administrative and other expenses 5.637) 5.560 352.Cost of sales i).68 -3.60 33.Miscellaneous 1.627 88.332 289.067 (988.Total fixed liabilities (D1+D3) 3.200 129.793 248.Assets turnover ratio [F1 to (A+B)] 5.473 641.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Tax provision (current year) 9.Other non-current liabilities E.Return on assets [F7 as % of avg.04 19.Financial expenses as % of sales (F6 as % of F1) 3.General.05 1. of Ord.Selling & distribution expenses ii).101 594 5.803 109.435 261.721 0 126.Contractual Liabilities (G2+C1) H.806 75.Export Sales (Net) 2.Local sales (Net) ii).245 512.Trade Debt 4.47 -2.09 99.736 653.994 652.S.862 411.782 261.171 596.Short term Secured loans 2.881 26.877 19.135 513.Operating fixed assets at cost 3.Current ratio (B to C) 6.57 0.541 1.241 260.97 -5. wages and employee benefits 6.Net profit margin (F7 as % of F1) 15.53 -503.034 6.466 2.Current Assets (B1+B2+B3+B4+B5) 1.Debt equity ratio [(C+D) to E] 8.Operation: 1.67 -3.566 59.

G1) 11.40 6.00 0.000 80.86 89.Total amount of dividend 10.Contractual Liabilities (G2+C1) H.Debentures/TFCs 4.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Shareholders Equity (E1+E2+E3) 1.921 66.269 276.532 126.509 472.712 490.273 0 111.Salaries.342 47.Operating fixed assets after deducting accumulated depreciation 4.Preference shares 2.178 613.882 15.963 1.832 0 35.276 0 (23.Ordinary Shares ii).84 0.18 0.Short term investments 5.191 101.322 162.Employees benefit obligations 5.065) 310. shares) 42 - - - - - - 3.Cost of goods sold to sales (F2 as % of F1) 7.48 5.59 1.381 16.48 1.598 40.Current Assets (B1+B2+B3+B4+B5) 1.757 43.570) 5.708 506.980) 204.856 46.Total value of bonus shares issued 11.986 80.Operating cash flow to debt ratio [F11 to (C+D)] 16.12 -4.015 80.000 0 143.672 331.Operation: 1.027 707.020 779.766) 3.458 612.Capital work in progress 2.652 1./share) [(F7-F8)/No.77 -15.860 899.285 967.140 0 1.169 410.083.506 6.846 1.760 49.62 - - - - 3.Gross Profit 4.595 324.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 490.67 -9.871 55.801 0 57.104 1.50 -11.926 196. administrative and other expenses i).130 253.859 848.37 -2.925 648.155 76.Assets turnover ratio [F1 to (A+B)] 5.21 8.Local sales (Net) ii).523 129.240 0 80.43 99.478 5.150 967.288 - - - - 597.Short term Secured loans 2.000 304.389 67.67 1.Return on assets [F7 as % of avg.61 0.910 23.Break-up value shares (Rs.83 -23.Net profit before tax 8.647 182.16 1.93 3.240 0 - - - - 181.18 0./share) (E/No.748 50.390 0 0 120.15 9.349 80.Inventory Turnover Ratio (F1 to B2) 13.(A+B)] 9.447 0 56.000 0 (181.09 -40.79 0.08 -4.440) 399.23 0.469 411.207 - - - - 66.Financial expenses as % of sales (F6 as % of F1) 3.Other non-current liabilities E.422 303.13 0.27 7.78 0.Current ratio (B to C) 6.05 9.85 0.26 38.Long term unsecured loans 3.Earning per share after tax (Rs. shares] 17.956 43.01 0.Dividend cover ratio [(F7-F8) to F9] 12.252 38.155 138.Sales i). wages and employee benefits 6.081 120.Miscellaneous 1.000 0 224.Operating fixed assets at cost 3.21 4.557 (129.954 223.937 0 (42.413 698.00 25.850) 237.465) 4.20 0.674 0 0 - - - - 72.271 537.782 80.Total fixed liabilities (D1+D3) 3.702 80.74 3.155 191.82 0.101 884.Tax provision (current year) 9.445 188.524 409.598 488 40.Net profit margin (F7 as % of F1) 15.96 0.55 1.35 2.760 234.46 89.250 0 0 (19.171 4.518 751.88 -2.Trade Debt as % of sales (B3 as % of F1) 4.705 7.956 656.07 2.324 52.954 80.05 5.937 0 0 0 440 - - - - 352 0 281 0 271.600 - - - - 120.775 0 10.63 91.157 6.Reserves i).882 475.92 -0.04 .Selling & distribution expenses ii).492 259.836 310.Key Performance Indicators 1.444 111.954 80.Total capital employed (E+D) 2.389 18.426 730.Inventories 3.37 27. of Ord.565 174.Cost of sales i).349 - - - - 80.Long term secured loans 2.Trade Debt 4.497 0 0 0 0 80.Revenue Reserve 3.894 399.396 0 107.015 80.410 - - - - 15.674) 451.931 53.539 204.994 58.318 0.168 142.000 0 125.509 478.315 217.318 191.005) 80.593 136.62 0.680 60.Cost of material ii).69 0.080 3.670 243.92 -35.749 1.220) 1.000 0 128.40 9.Other current liabilities D.322 174.13 1.000 104.65 4.894 560.Current Liabilities (C1+C2) 1.Capital Reserve ii).25 0.943 56.515 0 0 (36.Cash & bank balance 2.00 -3.455 (128.821 54.234 30.000 5.15 10.232 4.34 0.Financial expenses of which: (i) Interest expenses 7.Other input cost 3.378 172.540 0 (108.Other current assets C.512 184.305 215.11 7.00 -13.09 16.000 404.695 454.268 115.340 11.850) 0 (181.489 72.782 80.012 74.Cash flows from operations - - - - 30.Non-Current Assets (A1+A3+A5+A6+A7) 1.926 79.030.686 730.17 -81.Depreciation for the year 5.592 404.98 2.89 15.000 0 (213.242 4.12 -16.178 40.576 320.348 972.917 882.Debt equity ratio [(C+D) to E] 8. Subscribed & Paid up capital i).279 614.434 568.191 3.89 - - - - 20.947 740.78 0.637 51.859 295.649 40.Return of equity (F7 as % of avg.64 0.05 2.557 134.292 181.555 656.72 0.586 134.790 30.433 233.030 234.555 F.187 0 50.79 6.767 394.982 303.449 40.454 0 0 79.762 184.08 0.Long term investments 7.56 26.483 38.204 475.44 -14.130 440.Export Sales (Net) 2.123 293.423 287.497 2.830 746.252 62.410 850.550 40.271 399.871 G.074 221.82 16.Issued.495 0 0 (104.Administrative and other expenses 5.000 208.Other non-current assets B. of Ord.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.368 368.General.21 13.00 -5.000 205.60 99.016 357. E) 10.801 716.Acid test or quick ratio[(B1+B3+B4) to C] 2.Intangible assets 6.046 622.Retention in business (F7-F8-F9) 4.702 53.32 -7.368 432.32 10.Return on capital employed ( F7 as % of avg.10 -14.005) 0 (213.576 432.76 86.081 53.784 1.19 -15.35 50.74 -4.00 3.Financial Statement Analysis of Non Financial Sector 2010 Dar Es Salaam Textile Mills Ltd.00 1.09 1.73 1.42 2.012 9.649 76.836 475. Items A.

16 0.718 246.(A+B)] 9.684 0 (6.Sales i).891 99.Capital Reserve ii).416) 1.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Other current liabilities D.599 0 0 0 - - - - 0 0 0 0 193.43 -7.084 0 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.Operating fixed assets after deducting accumulated depreciation 4.53 100.06 -63.42 -33.09 0.161 0 3.Short term Secured loans 2.308 11.70 -4.489 65.959 - - - - (65. Subscribed & Paid up capital i).304 2.Earning per share after tax (Rs.98 6.838 - - - - 326.68 -77.088 65.324 522.592 153.780 99.865 91.38 -27.72 6. administrative and other expenses i).225 0 204.24 0.57 -40.00 -6.145 63.Trade Debt as % of sales (B3 as % of F1) 4.Break-up value shares (Rs.Depreciation for the year 5.741 98.096 0 (108.Long term secured loans 2.64 -27.222 26.Cash & bank balance 2.308 12.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 281.987 29.12 0.697 269.08 -43.Short term investments 5.36 0.528 0 1.684 99.416 0 1.00 -6.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.271 55.583 0 129.149) 99.687) 2.233 0 279.Current ratio (B to C) 6.44 -8.Inventories 3.793 188.Other non-current liabilities E.179 161.838 75. of Ord.00 0.880) 0 (111.168) 39.27 -10. Items A.448 50. E) 10.576 10.Dividend cover ratio [(F7-F8) to F9] 12.General.883 98.Administrative and other expenses 5.910 G.539 0 (66.301 0 (66.Trade Debt 4.096 99.227 3.283 91.837) 0 0.19 0.462 99.56 0.891 0 (51.87 -14.49 -3. of Ord.Net profit before tax 8.48 13.90 -67.203 0 0 (41.847 0 (5.59 1. shares) 43 - - - 1.56 0.911 322.74 7.477 33.119 70.950) 99.096 99.222 153.737 (4.Return on assets [F7 as % of avg.Contractual Liabilities (G2+C1) H.771 551.431) 0 0 0 232 119.222 0 39.785 10.096 0 (111.00 0.531 4.Miscellaneous 1.88 0.499 3.600 50.65 2.394 0 0 - - - - 785 57 0 (6.992 70.86 1.126 784 715 947 1.746 0 0 (66.161 356.947 99.00 -5. shares] 17.998 0 114.998 39.11 0.Selling & distribution expenses ii).179 178.985 0 0 0 0 - - - - (38.312 12.658 8.Financial expenses as % of sales (F6 as % of F1) 3.064 151.Salaries.096 0 (72.222 114.49 -3.583 0 129.Financial expenses of which: (i) Interest expenses 7.15 -24.431 0 0 9.625 99.Financial Statement Analysis of Non Financial Sector 2010 Data Textiles Ltd.86 2.096 0 38.431) 0 53.225 39.92 4.883 322.583 159.00 10.837) 0 0 0 126 F.092 5.Other input cost 3./share) [(F7-F8)/No.Cost of sales i).06 0.244) 3.Non-Current Assets (A1+A3+A5+A6+A7) 1.Ordinary Shares ii).Net profit margin (F7 as % of F1) 15.Preference shares 2.166 114.528 0 0 0 0 0 0 0 1.561 122.Debt equity ratio [(C+D) to E] 8.Employees benefit obligations 5.Other current assets C.20 2.096 20.10 - - - - 18./share) (E/No.697 136.400 156.538) 8.00 -0.918 0 66.141 26.835) 23.000 0 10.80 2.42 7.Cost of material ii).880) 30.Current Assets (B1+B2+B3+B4+B5) 1.234 2.096 0 (28.42 153.Return of equity (F7 as % of avg.464 47.Operating fixed assets at cost 3.Intangible assets 6.465 0 3.68 0.Total value of bonus shares issued 11.498 0 (44.28 - - - 0.701 99.Retention in business (F7-F8-F9) 4.175 0 7.073 169.096 26.562) 0 59.00 0.454 152.89 7.222 0 0 0 0 0 0 70.433) 63.987 75.Total capital employed (E+D) 2.592 63.54 1.Cost of goods sold to sales (F2 as % of F1) 7.499 (53.416 665 55 0 (5.52 4.096 0 (35.120 0 555.582 0 70.120 551.46 -14.950) 0 (108.685 0 8. wages and employee benefits 6.04 4.86 10.477 291.07 0.Revenue Reserve 3.451 291.71 0.Reserves i).00 0.Export Sales (Net) 2.08 0.Local sales (Net) ii).619) 151.08 - - - -27.Key Performance Indicators 1.959 0 0 0 0 0 0 0 1.16 - - - 5.222 - - - - 0 0 0 0 - - - - 55.Current Liabilities (C1+C2) 1.Inventory Turnover Ratio (F1 to B2) 13.82 0.552 519.316 27.741 0 151.Long term investments 7.Shareholders Equity (E1+E2+E3) 1.763) 10.341) 494 0 0 (12.Return on capital employed ( F7 as % of avg.16 -14.711 23.600 222.48 .Total fixed liabilities (D1+D3) 3.926 129.Operating cash flow to debt ratio [F11 to (C+D)] 16.048 0 94.Long term unsecured loans 3.04 7.51 0.Gross Profit 4.205) - - - - 99.Debentures/TFCs 4.78 -41.395) 0 0 39.00 -4.Tax provision (current year) 9.096 137.Issued.Other non-current assets B.Assets turnover ratio [F1 to (A+B)] 5.Total amount of dividend 10.00 -0.54 115.153 0 113.Capital work in progress 2.096 14.07 - - - 0. G1) 11.73 -15.718 65.793 286.737 10.084 1.Cash flows from operations - - - - 8.Operation: 1.233 241.263 104.153 0 113.409 241.

362 408.060 385.362 207.Current Liabilities (C1+C2) 1.622 4.27 8.77 13.656 95.89 - - - - 30.04 8.Debt equity ratio [(C+D) to E] 8.861 4.989 1.263 0 35.Surplus on revaluation of fixed assets 2005 2006 2007 2008 (Thousand Rupees) 2009 2010 745.843 333 G.45 159.Non-Current Assets (A1+A3+A5+A6+A7) 1.Financial expenses of which: (i) Interest expenses 7.537.748 208.Current Assets (B1+B2+B3+B4+B5) 1.695 0 48.441 62.00 -0.55 86.704 711.Depreciation for the year 5.712 148.738 5.805 4. shares] 17.608 77.Capital work in progress 2.862 0 330.548 1.924 563.237 1.58 0.75 0.Retention in business (F7-F8-F9) 4.Financial expenses as % of sales (F6 as % of F1) 3.Long term unsecured loans 3.141 0 (216.Cash & bank balance 2.835 6.Revenue Reserve 3.05 -0.23 79.052 26.259.643 0 (17.Employees benefit obligations 5.Current ratio (B to C) 6.430 52.53 13.Acid test or quick ratio[(B1+B3+B4) to C] 2.01 98.09 12.965 350.62 -7.206 122.381 20.633 1.279 199.643 0 (17.446 513.425 3.06 7.00 -0.00 13.Issued.103 69.547 5.405.441 56.12 -0.447 1.Selling & distribution expenses ii).605 874.899 0 4.844 50.Net profit margin (F7 as % of F1) 15.210 148.704 801.737 0 0 0 0 - - - - 23.36 2.521 75.738.19 14.338 - - - - 1. administrative and other expenses i).791 0 124.161 6.Inventories 3.General.114.351 1.29 4.294 0 294.895 385.17 4.873 1.26 1.283 11.206 385.Other current assets C. shares) 44 - - - - - 1.373 - - - - 127.066 1.786.47 3.835 1.336 0 3.403 1.510.548 6.748 205.25 10.Other non-current assets B.333.Return of equity (F7 as % of avg.89 - - - - - - 36.921 23.17 4.560 0 0 1.458 1.447 1.63 0.557 - - - - 0 0 0 0 0 0 0 0 0 0 - - - - 87.794 853.860.Short term investments 5.120 468.Ordinary Shares ii).Operating fixed assets after deducting accumulated depreciation 4.667 761.Cost of goods sold to sales (F2 as % of F1) 7.127.Miscellaneous 1.807 - - - - 499./share) [(F7-F8)/No.920 801.076 (3.32 0.712 73.791 466.16 7.632.Shareholders Equity (E1+E2+E3) 1.582.17 0.Preference shares 2.Contractual Liabilities (G2+C1) H.96 -0. Subscribed & Paid up capital i).945 3.09 3.934 164.750 201.013.Trade Debt 4.835 0 5.171.45 159.748 45.712 23.217.472.286 3.899 513. of Ord.810 9.06 -0.Operating cash flow to debt ratio [F11 to (C+D)] 16.88 110.608 76.305 0 149.Salaries.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.66 90.511.Assets turnover ratio [F1 to (A+B)] 5.05 17.140 48.076 134.26 2.548 208. G1) 11.313 0 681.Trade Debt as % of sales (B3 as % of F1) 4.07 -0. (Dawod Coton Mills) Items A.294 368.74 0.544 1.084 46.523 196.Other current liabilities D.094 801.93 0.036 24.604 13.582.Cost of sales i).844 137.96 -0.05 0.Cost of material ii).444 827.907) 0 5.420 205.575 3.850.26 2.234 65.862 380.05 -7.060 466.523 827.217.349 83.Cash flows from operations - - - - 103.61 94./share) (E/No.552.070 209.Intangible assets 6.870.496) 505.365 193.06 -0.343 285.786.759 0 3.505 327.27 0.618 4.70 0.Total fixed liabilities (D1+D3) 3.305 0 149.07 10.Inventory Turnover Ratio (F1 to B2) 13.Operation: 1.Long term investments 7.241 1.73 0.210 148.385 0 486.08 22.Short term Secured loans 2.372) F.376.443 121.917 216.786 0 139.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Total amount of dividend 10.Debentures/TFCs 4.183 380.948.686 34.622 4.420 45.770.Gross Profit 4.695 139.346 155 0 (215.Reserves i). wages and employee benefits 6.023.608 77.089 0 0 20.335 505.Dividend cover ratio [(F7-F8) to F9] 12.759 6. E) 10.Key Performance Indicators 1.13 3.066 1.64 0.Total capital employed (E+D) 2.023.783.65 14.717 1.21 8.Administrative and other expenses 5.64 0.Local sales (Net) ii).02 1.704 6.65 - .Operating fixed assets at cost 3.870.560 0 4.80 13.066.608 801.04 -6.467.466 57.204 477.27 8.126 148.127.992 87.555 558.370 6.06 26.351 3.51 0.Return on assets [F7 as % of avg.748 0 44.126 100.365 0 140.335 505.801 13.Export Sales (Net) 2.032 (149.Other input cost 3.786.930 - - - - 513.325 4.920 38.552.61 94.035 0 35.707 10.140 0 175.96 36.077.783.237 368.Sales i).51 0.983 83.738.238.787 45.458 464.Financial Statement Analysis of Non Financial Sector 2010 Dawood Lawrencepur Ltd.094 76.895 385.441 34.076 (3.30 0.233) 14.547 350.286 24.712 100.Capital Reserve ii).Total value of bonus shares issued 11.279 199.Net profit before tax 8.63 0.591 25.370 1.547 0 4.861 0 1.Earning per share after tax (Rs.582.763 2.770.548 711.(A+B)] 9.Return on capital employed ( F7 as % of avg.496) 505.330 1.714.557 0 3.083 0 0 - - - - 74.696 698.41 72.547 0 4.818) 1.263 0 35.36 178.313 43.11 -4.16 0.078 23.711.Other non-current liabilities E.45 1.249.576 10.458 52.677 77.505 327.Tax provision (current year) 9.107 513.786 44.766 698.17 0.843 75.366 103.171.12 -0.00 -111.22 88.00 6.54 0.22 20.04 13.560 67.624 0 4. of Ord.602 40.61 0.690 9.850.787 45.34 18.381 20.05 -0.302 745.807 193.664 0 642.05 17.233) 14.835 0 5.115.88 0.Long term secured loans 2.Break-up value shares (Rs.

000 451.Earning per share after tax (Rs.338.719 25.089 1.986 (217.051 0 136.613.17 0.Capital Reserve ii).304 492.635 1.101 0 0 (38.80 -2.366) 96.300 955.215 7.53 0.407 - - - 13.050 0 197.184 398.02 -3.11 0.51 0.158 6.037 - - - 1.Net profit margin (F7 as % of F1) 15.Tax provision (current year) 9.92 0.07 1.952 43.780 487.03 1.21 0.439 51. wages and employee benefits 6.008) 4.(A+B)] 9.332. shares] 17.830 126.251 359.Operating fixed assets at cost 3.Operating fixed assets after deducting accumulated depreciation 4.959 488.78 0.355 0 0 0 - - - 0 0 0 0 428.404 600.Return on assets [F7 as % of avg.71 9.08 4.582 113.90 -23.650 552. shares) - 45 0.439 185.81 0.213 85.17 0.841 639.813 383.652) - 306.550 838.970) 533.Intangible assets 6.09 13.Contractual Liabilities (G2+C1) H. administrative and other expenses i).Short term Secured loans 2.599 (24.467 127.845 - - - 61.432 1.Operating cash flow to debt ratio [F11 to (C+D)] 16.284 13.34 1.Current Liabilities (C1+C2) 1.089 81.753 685.Financial Statement Analysis of Non Financial Sector 2010 Dewan Farooque Spinning Mills Ltd.Break-up value shares (Rs./share) [(F7-F8)/No.507 0 377.000 0 6.86 8.497 5.Other current liabilities D.Shareholders Equity (E1+E2+E3) 1.550 325.80 2.750 377.112 11.000 600.22 -18.177.Long term unsecured loans 3.00 0.52 - - - 4.915 - - - 224.739 600.118 224.941 244. Items A.02 -3.419 522.775 600.26 0.547 335.Other non-current assets B.000 0 (148.Ordinary Shares ii).316) 600.201 96.691 1.Inventory Turnover Ratio (F1 to B2) 13.718 1.587 1.672 745.940) 8.26 3.Debt equity ratio [(C+D) to E] 8.87 .440 1.953 G.Employees benefit obligations 5.84 4.274 198.000 0 52.404 - - - 600.63 9.Short term investments 5.General.Financial expenses of which: (i) Interest expenses 7.009) 698.551 96.908 364.Cash & bank balance 2.301 7.Other input cost 3. G1) 11.Total capital employed (E+D) 2.Inventories 3.Total value of bonus shares issued 11.683 1.61 0.439 120.24 3.911 793.Net profit before tax 8.959 1.930 655.Return on capital employed ( F7 as % of avg.Long term secured loans 2.60 84.163 1.57 79.025 1.869 691.281 1.Gross Profit 4.107 107.977 122.17 3.41 9.390.Return of equity (F7 as % of avg.205 91.112 135.75 2.332.768 711.06 0.001 0 0 (27.348 600.750 (134.Cash flows from operations - - - 3.224 198.181 586.Total fixed liabilities (D1+D3) 3.77 -11.604 0 0 - - - 71.00 0.644 0 10.Export Sales (Net) 2.Revenue Reserve 3.713 751.000 652.Trade Debt 4.Other non-current liabilities E.58 -0.Current Assets (B1+B2+B3+B4+B5) 1.907 3.312 243.850 880.043 894.823 73.434 321.Acid test or quick ratio[(B1+B3+B4) to C] 2.183 16.820 530.805) 1.130 0 175.166 110.517 30.219 126.72 0.806 27.662 1.609 335.016 75.04 14. of Ord.078 1.Operation: 1.Other current assets C.432 1.Preference shares 2.132 495.58 2.Total amount of dividend 10.10 13.000 375.425.015.093.26 - - - - - 1.Debentures/TFCs 4.251 95.Dividend cover ratio [(F7-F8) to F9] 12.13 88.32 0.04 - - - 44.882 232.162 0 0 243.273.980 118.422) 41.869 351.957 272.74 88.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.315 351.12 2.01 10.130 939.091 0.316) 0 (224.Retention in business (F7-F8-F9) 4.013 6.232 (54.70 105. E) 10.759 1.069 972.710 471.000 586.Financial expenses as % of sales (F6 as % of F1) 3.Selling & distribution expenses ii).219 (221.Issued.936 5.796 2.507 0 - - - 495.480 579.263 126.195 52.68 6.356 0 0 6.Reserves i).371 1.86 20.671 397.56 -0.425.25 10.390 473.390.00 -2.146.138 25.Cost of goods sold to sales (F2 as % of F1) 7.Non-Current Assets (A1+A3+A5+A6+A7) 1.963 0 (800) 198.34 7.Cost of sales i).720 1.739 600.973 3.252 598.352) 606.015 23.968 51.235 974.062.Depreciation for the year 5.589.Assets turnover ratio [F1 to (A+B)] 5.Salaries.759 10.Administrative and other expenses 5.785 5./share) (E/No.247.91 3.108.000 0 (224.72 0.102.775 600.47 0.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 - 1.86 2.Sales i).978 263.770 632.03 0.813 11.388 27.72 17.648 (28.Local sales (Net) ii).273.00 -0.09 1.890) F.069 890.Key Performance Indicators 1.Long term investments 7.22 10.639.976 388.407 - 0 0 920.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.36 -3.Cost of material ii).38 0.025 59.29 1.224 442. of Ord.282 120.525 1.18 10.162 80.830 1.66 7.86 -0. Subscribed & Paid up capital i).Miscellaneous 1.000 0 21.Trade Debt as % of sales (B3 as % of F1) 4.293 0 145.303 289.652) 0 (148.08 -6.684 600.Current ratio (B to C) 6.Capital work in progress 2.99 -42.56 1.388 0 0 (40.640 5.207.43 6.097 138.587 140.000 621.

981 365.155 498.392 0 35.552 84.282 16.Salaries.135 87.Other non-current assets B.06 -1.000 20.132 0 67.00 0.72 1.847 20.02 16.976 - - - - 12.240 375.Export Sales (Net) 2.363 5.Intangible assets 6.31 1.067 36.785 104.General.29 2.205 49.650 41.68 66.391 31.59 -5.331 593.758 12.66 8.074 331.326 88.811 391.250 476.201 0 660.37 -2.35 -24.228 51.065 790.61 -45.16 1.027 F.297 2.Trade Debt as % of sales (B3 as % of F1) 4.00 1.Total fixed liabilities (D1+D3) 3.00 -14.882 50.Trade Debt 4.000 52.546 56.Operating cash flow to debt ratio [F11 to (C+D)] 16.331 593.263 0 3.225 565.827 73 575.928 56.99 10.56 0.Reserves i).962 0 0 374. E) 10.467 117.Sales i).368 326.190 46. Subscribed & Paid up capital i).29 2.224 2. shares] 17.962 0 20.690 0 7.824 0 513.Employees benefit obligations 5.723 3.26 1.962 293.Financial expenses as % of sales (F6 as % of F1) 3.30 0.847 5.320 8.185 - - - - 0 0 0 0 0 0 0 0 0 0 - - - - 64.185 - - - - 51.00 0.79 0.659 20. administrative and other expenses i).032 545.765 0 4.Other current liabilities D.208 107.374 65.39 0.825 77.23 0.828 0 0 (73.597 (108.825 46.200.100 1.120 291 (21.506 104.161 394.370 584.008 296.Selling & distribution expenses ii).145) 2.001 40.Shareholders Equity (E1+E2+E3) 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.500 36.263 51.95 -11.Net profit margin (F7 as % of F1) 15.05 -4.Current Assets (B1+B2+B3+B4+B5) 1.334 159.905 2.07 97.Operating fixed assets at cost 3.Cost of material ii).41 10.43 51.059) 0 0 0 53.749 44.54 0.774 0 49.Debentures/TFCs 4.35 1.807 391.827 52.Other non-current liabilities E.30 -6.617 589.849 749.908 365.880 26.Return on capital employed ( F7 as % of avg.103 48. wages and employee benefits 6.Cost of goods sold to sales (F2 as % of F1) 7.275 289.075 594. of Ord.991 824.Debt equity ratio [(C+D) to E] 8.019 0 0 0 0 - - - - 0 47.Administrative and other expenses 5.659 0 241.368 0.Return on assets [F7 as % of avg.896 49.Operation: 1.Key Performance Indicators 1.00 1.680 64.Long term investments 7.44 1.75 97.888 99.57 0.067 0 (108.835 (8.599 534.370 355.24 0.518 374.163 340.173.684 366. G1) 11.565) 6.166 0 5.Tax provision (current year) 9.67 0.29 2./share) [(F7-F8)/No.100 24.957 10.962 0 2.488 35.673 4.027 652.691 137.517 195.000 464.148 697.29 4.69 46 - - - - 0.000 88.Total value of bonus shares issued 11. shares) 0.Cash flows from operations - - - - 16.706 474.23 2.Long term secured loans 2.148.12 -15.Retention in business (F7-F8-F9) 4.812 366.71 0.505) 53.194 64.554 45.Other current assets C.Inventories 3.003 290.687 50.942 316.39 1. of Ord.Operating fixed assets after deducting accumulated depreciation 4.617 855.88 -16.851 411.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.034 0 0 - - - - 85.Assets turnover ratio [F1 to (A+B)] 5.Miscellaneous 1.882 32.787 56.805 52.138 56.201 652.482 276.71 0.205.(A+B)] 9.409 498.Cash & bank balance 2.107 5.005 - - - - 551.278 26.30 8.962 0 264.Return of equity (F7 as % of avg.Long term unsecured loans 3.672 43.Capital Reserve ii).39 0.420 1.508 0 0 41.591 1.Inventory Turnover Ratio (F1 to B2) 13.06 -19.652) 355.433 34.000 322.Revenue Reserve 3.215 385.Net profit before tax 8.599) 374.Earning per share after tax (Rs.91 23.241 65.604 56.758 197.71 -4.Gross Profit 4.301 794.707 0 (79.701 583.742 234.48 9.74 0.00 1./share) (E/No.640 248.49 100.30 0.059) 385.Issued.390 691.148 341.920 290.825 0 232.Total amount of dividend 10.779 210.827 811.540 257.00 -71.Financial expenses of which: (i) Interest expenses 7.92 -17.872 1.Cost of sales i).04 87.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 276.825 92.074 18.69 - - - - 3.20 5.00 30.155 0 485.05 -56.42 1.86 3.738 91.Contractual Liabilities (G2+C1) H.225 G.Other input cost 3.269 14.16 13.655 53.920 19.987 299.26 4.137 707.14 86.53 11.40 4.870 7.Short term investments 5.150 1.34 1.58 - - - - 22.971 0 (23.67 4.467 766.789 322.449 39.888 39.Depreciation for the year 5.161 9.Financial Statement Analysis of Non Financial Sector 2010 Dewan Khalid Textile Mills Ltd.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.473 36. Items A.Total capital employed (E+D) 2.Break-up value shares (Rs.48 -16.11 2.76 0.10 3.Current Liabilities (C1+C2) 1.34 82.000 85.824 289.680 299.Preference shares 2.680 13.721 - - - - 56.43 1.281 5.46 0.825 0 35.094 366.882 17.962 56.95 .109 365.10 0.60 1.Local sales (Net) ii).825 0 20.456 309.95 1.992 0 69.83 1.392 56.151 73 585.Ordinary Shares ii).Non-Current Assets (A1+A3+A5+A6+A7) 1.26 7.752 311.506 41.301 329.Capital work in progress 2.382 657.01 50.Short term Secured loans 2.Dividend cover ratio [(F7-F8) to F9] 12.659 569.14 0.875 720.77 1.639 2.500 428.217 56.847 296.871 185.691 780.208 466.23 5.60 56.336 3.536 24.75 101.Current ratio (B to C) 6.

333 32.Other current assets C.220 411.659 0 3.23 0.425 (5.043.24 51.000 110.650 299.75 21.Operation: 1.051.497 34.417 11./share) (E/No.Return on capital employed ( F7 as % of avg.Depreciation for the year 5.900 31.674 332.Acid test or quick ratio[(B1+B3+B4) to C] 2.Other input cost 3.41 9.762 34.890 368.Assets turnover ratio [F1 to (A+B)] 5.510.845 112.622 334.Issued.Net profit before tax 8.86 91.334 90.446 635.906 15.034 274.917 0 764.63 1.439 192 739.Other current liabilities D.676 28.877 242.79 91.Cash flows from operations - - - - 22.12 3.476 673.035 640.59 6.889 6.673 40.30 0.402 738.837 542.091.776 192 739.23 6.12 64.647 33.500 (78.847 - - - - 55.620 83.Preference shares 2.Long term investments 7.340 0 188.725 34.97 1.049 595.476 222.163 571.00 9.97 0.218 342.239 31.726 257.540 69.Return on assets [F7 as % of avg.703 135.36 0.602 728.046 336.432 1.33 2.102 0 5. Items A.613 841 389.94 9.340 130.526 27.02 1.066.909 0 0 - - - - 102.70 0.672 31.177 1.51 1.07 -9. G1) 11.120 223.135 20.896 1.882 680.194 908.295 1.99 5.Gross Profit 4.10 8.Return of equity (F7 as % of avg.740 0 (41.Break-up value shares (Rs.74 - - - - 15.631 32.32 0.Total value of bonus shares issued 11.(A+B)] 9.Cost of sales i).Operating cash flow to debt ratio [F11 to (C+D)] 16.86 0.441 356.013 2.100 32.57 -0.123 - - - - 187.799 67.77 3.00 4.82 0.135 0 2.781 274.55 10.471 31.583 0 0 0 23.48 5.Selling & distribution expenses ii). shares] 17.02 -2. of Ord.Net profit margin (F7 as % of F1) 15.380 0 174.239 0 13.821 0 157.126 - - - - 698.19 4.180 209.340 89.238 326.16 -7.419 22.380 162.Total fixed liabilities (D1+D3) 3.19 6.Inventory Turnover Ratio (F1 to B2) 13.09 -28.327 23.466 338.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.819 - - - - 18.Operating fixed assets at cost 3.00 -12.526.41 6.97 91.31 6.38 0.045 G.136.66 -50.83 98.625 61.Shareholders Equity (E1+E2+E3) 1.558 1.262 0 0 906 F.Administrative and other expenses 5.08 2.62 -2.500 83. shares) 47 - - - - - - 0.065 28.52 0.056 95.544 79.Export Sales (Net) 2.877) 264.63 0.844 18.434 368.407 1.68 1.809 6.713 10.100 391.59 12.Total amount of dividend 10.553 304.91 1.499 207.063 77.Intangible assets 6.066 124.Financial Statement Analysis of Non Financial Sector 2010 Dewan Mushtaq Textile Mills Ltd.264 187.011. of Ord.671 1.Total capital employed (E+D) 2.585 49.373 3.Capital Reserve ii).831 417.Current Liabilities (C1+C2) 1.682 39.97 34.558 0 979.Reserves i).431 338.93 93.836 987.682 0 48.56 38.Current Assets (B1+B2+B3+B4+B5) 1.674 391.622 35.729 40.99 96.400 0 47.Short term Secured loans 2.Revenue Reserve 3.571 95.17 3.47 99.056 42.335 719.715) 7.431 38.Debentures/TFCs 4.62 0.Local sales (Net) ii).00 - - - - 2.173 21.260) 264 0 0 (278.055.434 0 15.679 0 0 (33.340 0 96.Financial expenses as % of sales (F6 as % of F1) 3.665 8.658 1.18 5.452 557.521 326.292 971.051.Salaries.23 0.242 100.87 26.232 71.400 - - - - 34.376 8. E) 10.Tax provision (current year) 9.340 28.340 0 307.880 304.740 34.Contractual Liabilities (G2+C1) H.580 19.101 1.021 34.Inventories 3.95 3.714 233.45 7.018 307.446.Other non-current liabilities E.00 1.03 6. wages and employee benefits 6.046.027 1.157 650.20 0.000 101.971 272.90 9.012.14 9.Cost of material ii).823 1.50 1.Other non-current assets B.230 307.85 0.Short term investments 5.157 0 96.855 861.626 49.Dividend cover ratio [(F7-F8) to F9] 12.Employees benefit obligations 5.434 40.624) 129.Capital work in progress 2.560 706.896 162.851 28.Trade Debt 4.524) 421.399 0 30.General.757 763 118 38.Key Performance Indicators 1.723 (78.04 1.785 713.218 0 131.823 1./share) [(F7-F8)/No.94 0.Operating fixed assets after deducting accumulated depreciation 4.563 98.96 -11.340 222.495 129.52 10.Earning per share after tax (Rs.Current ratio (B to C) 6.300) 60.906 17.07 32.Miscellaneous 1.726 202.94 -11.391 80.368 635.Retention in business (F7-F8-F9) 4. Subscribed & Paid up capital i).717 1.Ordinary Shares ii).Trade Debt as % of sales (B3 as % of F1) 4.121 22.583 783.82 0.06 324.976 17.Long term unsecured loans 3.329 44.002 391.092 5.00 5.Cost of goods sold to sales (F2 as % of F1) 7.594 36.37 71.38 2.253 0 0 0 0 - - - - 0 29.626 93.Long term secured loans 2.21 0.305 334.340 0 55.Non-Current Assets (A1+A3+A5+A6+A7) 1.424 841 503.122 15.122 34.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.397 15.Cash & bank balance 2.230 129. administrative and other expenses i).144 28.819 0 0 1.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 411.Financial expenses of which: (i) Interest expenses 7.609 116.992 1.765 34.101 342.43 0.102 34.44 -22.Sales i).333 0 0 0 0 0 0 0 0 - - - - 61.038.Debt equity ratio [(C+D) to E] 8.935 0.22 -0.337 265.596 997.11 7.86 .798 3.659 42.305 0 543.49 0.093 41.48 1.72 1.033.

467 498.00 -17.Cost of goods sold to sales (F2 as % of F1) 7.Depreciation for the year 5.113.Net profit margin (F7 as % of F1) 15.Debt equity ratio [(C+D) to E] 8.156.00 0.175.863) 18.71 1.982 (659.009 81.52 3.302 56.Debentures/TFCs 4.345 1.Return on capital employed ( F7 as % of avg.46 1.04 -147.746.35 0.197 139.Trade Debt as % of sales (B3 as % of F1) 4.284.769 0 1. shares] 17.460.034 118.917 3.046 0 1.259 1.23 5.278.582) 2.Total capital employed (E+D) 2.132 0 13.88 2.Operation: 1.168.369 13.896 744.966 1.798 177.Gross Profit 4.180 3.14 0.071 246.012 2.330 0 10.689 1.883 258.090.680 1.146 88.59 0.Export Sales (Net) 2.515 3.518.Employees benefit obligations 5.381 119.560 244.038.Break-up value shares (Rs. of Ord.456. Subscribed & Paid up capital i).46 8.Ordinary Shares ii).568 347.36 - - - - 1.282 3.60 0.078 0 16.825 1.07 1.32 3.665 (676.Cost of sales i).692 0 0 108.248.36 142.17 -0.501.803 109. shares) 48 0.296 1.584.826) (165.018 0 0 - - - - 72.65 2.320.197 2.Salaries.792.Acid test or quick ratio[(B1+B3+B4) to C] 2.683 745.320.288 1.925 31.Current Assets (B1+B2+B3+B4+B5) 1.77 107.Current ratio (B to C) 6.798 115.654 2.175.Return on assets [F7 as % of avg.54 1.449 135.808 - - - - 29.780 1.03 0.Long term unsecured loans 3.74 94.507.88 -16.(A+B)] 9. Items A.Tax provision (current year) 9.113 1.046 950.Preference shares 2.Contractual Liabilities (G2+C1) H.Other current liabilities D.181 1.128.229 122.93 1. E) 10.867 0 28.460 210.74 -54.Other non-current liabilities E.595.665 498. administrative and other expenses i).Inventory Turnover Ratio (F1 to B2) 13.54 33.105 10.745.574 111.584.052 981.426 135.58 0.287 2.48 1.420.732 0 0 0 0 - - - - 0 154.Cash & bank balance 2.37 2.046 111.00 1.Long term investments 7.Operating cash flow to debt ratio [F11 to (C+D)] 16.672 3.780 1.77 -336.Assets turnover ratio [F1 to (A+B)] 5.001 1.59 1.262 1.78 0.393./share) (E/No.935 G.77 -11. G1) 11.91 -15.680 101.154.501.846 3.519 2.225.277 26.613.958 0 82.42 -1.72 0.Capital Reserve ii).599.38 - - - - - - 1.125.310 1.938 74.576.134 1.63 9.358 2.608 1.046 0 (193.185 24.611 107.842 0 (230.806 0 1.176 19.40 .838 285.644 2.195.75 1.33 10.Inventories 3.231.87 0.095 139.896 3.480.455 107.174.403 135.460 176.Trade Debt 4.261 12.046.15 3.64 9.320) 135.100.27 1.Key Performance Indicators 0.462 91.394 1.Short term Secured loans 2.205.560 3.24 -67.806 2.86 0.457) 154.367 193.Total value of bonus shares issued 11.597 578.Revenue Reserve 3.862 355.508 263.673 1.320 1.82 3.Net profit before tax 8.Financial expenses of which: (i) Interest expenses 7.100.212 782.628 527.620) 2.51 1.582 516.540) 135.428 - - - - 214.12 3.Operating fixed assets after deducting accumulated depreciation 4.006 1.038 1.284.046 18.584.639 1.58 1.038 1.989 0 0 F.23 1.077 256.00 2.351 3.95 0.334.Intangible assets 6.295 65.599 22.370 2.611 374.Other non-current assets B.184 2.755 3.231.620 - - - - 135.095 959.Earning per share after tax (Rs.01 -50.568 91.699 1.683 867.Sales i).Non-Current Liabilities (D1+D2+D3+D4+D5) 1.103 122.235 0 0 (212.007.921 430.973.753.608 0 715.822 588.61 1.211 115.103.595.Administrative and other expenses 5.201.046 0 815.Local sales (Net) ii).Total amount of dividend 10.695.425 745.441.367 808.272 2.748.366) (27.064 1.315 135.205.743 3.537 2.084 122.743 69.30 85.59 1.271 1.88 0.215.Operating fixed assets at cost 3.373 14.362 14.600 153.347 0 158.730 1.Return of equity (F7 as % of avg.370 802.Issued.Selling & distribution expenses ii).093.321 1.393 1.Current Liabilities (C1+C2) 1.494 0 107.251 1.041 - - - - 782.Other current assets C.03 3.16 94.Long term secured loans 2.386 0 0 (44.088 215.Capital work in progress 2.041 91.47 -6.836 1.179 0 29.803 1.372 0 12.274 3.939.80 0.361 0 826.396 2.516 3.49 0.888.624 315.76 1.85 20.808 1.96 89.33 9.621.936 671.Shareholders Equity (E1+E2+E3) 1.711 111.609 3.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 1.782 2.362.668 193./share) [(F7-F8)/No.02 0.055.001.33 0.Reserves i).851 3.Non-Current Assets (A1+A3+A5+A6+A7) 1.937.360 15.46 0.Retention in business (F7-F8-F9) 4.498 1.428.89 198.450 2.29 3.681 48.688) 1.339.237 54.Financial expenses as % of sales (F6 as % of F1) 3.22 1.40 - - - - 112.417.503 0.308.Dividend cover ratio [(F7-F8) to F9] 12.881) 1.370 1.368 13.176 1.087 18.666 135.196) 17.769 1.54 -4.92 32.10 70. of Ord.995 19.660 297.743 1.462 1.735 40.29 15.94 0.714.06 0.989 3.461.815.067.Short term investments 5. wages and employee benefits 6.681 0 0 0 0 0 0 0 0 - - - - 263.765 2.199.745.58 15.753.50 16.265.97 129.197 1.232.44 74.581 545.28 85.156.532 925.046 (58.936 2.71 0.05 1.507 6.57 -21.588 2.722 (225.737 - - - - 2.246 89.Other input cost 3.623.142.880 67.Cost of material ii).673 2.620) 0 (116.Financial Statement Analysis of Non Financial Sector 2010 Dewan Textile Mills Ltd.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.278.Total fixed liabilities (D1+D3) 3.Miscellaneous 1.046 0 (116.000 135.146 43.10 -4.231.General.236 1.Cash flows from operations - - - - 74.698.

938 771.48 9.198.846.27 0.00 6.156.957 114.878 2.96 4.348 187.Financial expenses as % of sales (F6 as % of F1) 3.088 34.09 17.989 142.363 1.803 4.558 213.462.58 32.195 1.671 1.95 0.021 0 0 86.643 335.08 5.16 78.75 2.303 1.742 159.37 1.259 213.478 142.390.156.827 0 116.186 200.404 185.845.714 684.Local sales (Net) ii).Export Sales (Net) 2.537 771.195 1.Preference shares 2.701 6.00 4.568 1.66 4.Other input cost 3.68 1.70 3.582 185.70 7.016 0 0 90.65 2.99 0.569.Total fixed liabilities (D1+D3) 3.Retention in business (F7-F8-F9) 4.84 15.325 12.Dividend cover ratio [(F7-F8) to F9] 12.852.274 1.599 14.Acid test or quick ratio[(B1+B3+B4) to C] 2.029 644.877 3.201 112.82 0.734.Total capital employed (E+D) 2.Assets turnover ratio [F1 to (A+B)] 5. of Ord.247 1.260 772.725.Financial Statement Analysis of Non Financial Sector 2010 Din Textile Mills Ltd.Intangible assets 6.675 0 297.142 1.765 337.200.359 210.93 1.25 3.Salaries.327 73.245 10.570 23.28 23.Miscellaneous 1.Total amount of dividend 10.565 814.397 49.872 1.00 91.Debt equity ratio [(C+D) to E] 8.03 89.303 1.Capital Reserve ii).008 48.081.Capital work in progress 2.Cash flows from operations - - - - 40.361 0 229.55 2.668 814.Cash & bank balance 2.120.648 3.102.03 80.822 2.11 1. wages and employee benefits 6.68 13.63 1.Net profit before tax 8.581 2.00 1.786 52.545 1.20 6.Revenue Reserve 3.981 2.691 263.336.Current Assets (B1+B2+B3+B4+B5) 1.30 5.579 7.148 1.683 3.104 40.955 0 150.Ordinary Shares ii).31 1.489 503.264 560.21 0.960 515.Cost of goods sold to sales (F2 as % of F1) 7.768 3.019 1.360 15.91 - 0. Items A.218 1. E) 10.44 - - - - - 1.743.24 1.092 54.026.975 2.257.709 1.091 263.Trade Debt 4.643 98.079 1.504.596.323 0 70.899.073.701 336.Depreciation for the year 5.164 0 32.Cost of sales i).390 2.302 0 721.55 11.88 0.303 0 705.65 89.271 0 0 132.92 11.Return on assets [F7 as % of avg.956 233.376 906.899.000 0 0 0 - - - - 1.061 18. administrative and other expenses i).69 - - - - 58.Key Performance Indicators 1.682.42 2.712.279 503.915 2.961 2. Subscribed & Paid up capital i).461 130.359 1.00 4.508 1.752 18.69 89. shares) 49 0.991 185.536 0 3.217 1.231.General.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.92 4.050 843.201 3.789 414.740 0 559.120 3.477.303 185.Earning per share after tax (Rs.817 83.12 3.266 416.148 1.965 195.463 196.250.479.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 2.00 0.Other non-current liabilities E.555 3.20 1.302 724.666 735.Administrative and other expenses 5.16 20.93 .Gross Profit 4.885 185.Issued.105 0 503.531 20.860 2.376 1.514 169. G1) 11.Inventory Turnover Ratio (F1 to B2) 13./share) (E/No.Long term investments 7.Cost of material ii).548 185.772.277.68 8.57 0.269 3.691.327 293.884 2.Non-Current Assets (A1+A3+A5+A6+A7) 1.111 98.474 37.277. shares] 17.207.470 6.355 923.232 185.115.303 0 1.345 170.984 307.44 0.510.530 307.153.10 8.423.900 2.153.303 0 539.900 0 81.Short term Secured loans 2.Net profit margin (F7 as % of F1) 15.Return on capital employed ( F7 as % of avg.57 0.929 185.893 12.380.707 772.232 1.105 0.45 0.869 0 0 1.392 2.548 2.Financial expenses of which: (i) Interest expenses 7.101.670 185.27 0.Current Liabilities (C1+C2) 1.34 4.020.367 10.93 59.279 995.794 1.Trade Debt as % of sales (B3 as % of F1) 4.147 538.34 12.817 3.153.791.303 891.402 73.10 4.427 826.76 39.Shareholders Equity (E1+E2+E3) 1.186 1.691.149 F.247 1.80 5.Operation: 1.212 G.641 84.584.Tax provision (current year) 9.272 2.303 0 917.29 0.956 64.Return of equity (F7 as % of avg.391 1.730 - - - - 2.43 3.20 1.165 826.823 0 0 - - - - 306.487 387.504.51 - - - - 1. of Ord.012 3.077 1.313.48 0.088 263.87 2.Inventories 3.786 209.738 - - - - 185.448 255.87 48.303 0 887.707 1.041 185.Break-up value shares (Rs.17 1.Operating fixed assets after deducting accumulated depreciation 4.040 1.178 2.005.229.767.881 8.765.19 1.701 500.414 1.Debentures/TFCs 4.56 1.29 57.45 1.523 64.Long term unsecured loans 3.Current ratio (B to C) 6.120.799 1.295.57 10.646 136.091 1.101 1.38 0.Other current assets C.Other current liabilities D.756 0 16.548 91.397 - - - - 0 0 0 0 83.394.050 665.558 248.Selling & distribution expenses ii).Total value of bonus shares issued 11.54 7.729 53.198.008 1.94 0.82 0.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.225 242.Contractual Liabilities (G2+C1) H.084.50 0.199 0 0 0 0 - - - - 0 0 0 0 1.657.170.895 115.520 665.830 547.296 538.Employees benefit obligations 5.254./share) [(F7-F8)/No.21 13.Reserves i).555 - - - - 22.476 85.25 4.(A+B)] 9.14 5.492 213.56 90.968 906.42 3.Sales i).Short term investments 5.337 2.221.826 25.945 159.558 2.569 1.513.929 - - - - 119.Operating cash flow to debt ratio [F11 to (C+D)] 16.635 927.Other non-current assets B.324.043 40.983 864.Operating fixed assets at cost 3.536 1.005.00 0.303 1.357 1.443.250.04 3.767.266.067.786.116 1.Long term secured loans 2.403 24.90 2.754 0 332.742 72.218 1.706 185.323.733.

931) 13.Total value of bonus shares issued 11.530) 26.308 3.Shareholders Equity (E1+E2+E3) 1.87 0.00 18.262 148.Total capital employed (E+D) 2.772 0 1.26 0.69 -32.744 (4.000 0 (82.Contractual Liabilities (G2+C1) H.Debt equity ratio [(C+D) to E] 8.806 9.Tax provision (current year) 9.09 101. of Ord.85 10.426 1.895 3.563 0 1.244 0 3.286 43.68 -2.Total amount of dividend 10.213 104.163 148.47 13.68 -38.40 0.Other current liabilities D.276) 0 14.63 -10.01 3.60 0.Issued.Long term secured loans 2.Operating cash flow to debt ratio [F11 to (C+D)] 16.653 0 (4.Other non-current assets B.365 - - - - 41.541 (38.604) 13.835 1.14 0.387 1.555) 0 0. administrative and other expenses i).Return on assets [F7 as % of avg.736 71.035 33.01 0.745 45.88 33.Return of equity (F7 as % of avg.37 0.33 0.79 20.267 45.58 -2.Export Sales (Net) 2.Key Performance Indicators 1.437) 2.Other current assets C.Dividend cover ratio [(F7-F8) to F9] 12.000 0 (45.47 16.00 -5.387 42.18 -3.Miscellaneous 1.000 0 (55.Trade Debt 4.000 (42.20 31.806 0 11.604) 13.860 416 0 (6.101 43.022 0 2.926 30.895 61.Administrative and other expenses 5.745 2.395) 0 41.024 1./share) [(F7-F8)/No.468 2.375 201 G.Intangible assets 6.01 2.120 0 1.250 0 40.00 11.037 71.074 0 72. E) 10.000 0 (76.722 139.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.737 62.074 71.Operating fixed assets after deducting accumulated depreciation 4.Operation: 1.599) 0 (76.305 0 4.08 102.Return on capital employed ( F7 as % of avg.Short term Secured loans 2.383 2.10 0.741 98.000 0 (59.04 -21.025 919 5.889 46.53 0.088 30.61 -28.93 103.688 0 14.31 0.16 0.15 -4.635 8.18 0.(A+B)] 9. of Ord.67 -4.722 0 143.139 51 0 0 (3.49 - - - - 1.Employees benefit obligations 5.75 8.Long term unsecured loans 3.744) 13.Earning per share after tax (Rs.Ordinary Shares ii).563 15.000 (27.505 164 646 1.376 (2.Cost of goods sold to sales (F2 as % of F1) 7.541) 1.00 2.Net profit margin (F7 as % of F1) 15.163 0 150.Sales i).62 32.52 -2.470) 13.783 0 123.744) - - - - 13.22 0.86 -35.04 11.011 150.049 31.317 0 1.09 -3.500 2.Acid test or quick ratio[(B1+B3+B4) to C] 2.Operating fixed assets at cost 3.Current Assets (B1+B2+B3+B4+B5) 1.521) 1.199 747 0 0 - - - - 15.54 29.806 150.770 2.05 0.532 0 (6.555) 0 0 0 (220) F.31 -40.06 0.604) 0 (5.37 0.468 14.287 2.35 0.159 - - - - 0 0 0 0 - - - - 18.40 -2.286 2.358 1.Capital work in progress 2.03 10.721 109.Reserves i).Total fixed liabilities (D1+D3) 3.02 -2.Financial expenses of which: (i) Interest expenses 7.779 74.07 0.691) 0 (3.45 0.922 41.Trade Debt as % of sales (B3 as % of F1) 4.Preference shares 2.498 - - - - (1.000 0 (48.624 0 4.468) 553 0 0 15.Inventory Turnover Ratio (F1 to B2) 13.685 0 4.089 568 573 3.Other non-current liabilities E.541 93.530) 0 (82.11 0.12 -25.452 0 34.318 (3.12 -8.00 1.42 102.335) 1. G1) 11.937 919 9.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 49. Items A.68 -178.Assets turnover ratio [F1 to (A+B)] 5.021) 23.856 30.688 4.426 46.691) 0 62.601 23.883 78.045 (16.Long term investments 7.Local sales (Net) ii).00 -3.584 10.Current ratio (B to C) 6.883 (28.736 0 0 0 0 - - - - 0 0 0 0 5.290) 13.36 2.632 106.Depreciation for the year 5.Cost of material ii).711 7.40 10.19 -3.94 0.Cash flows from operations - - - - 1.037 0 10.127) 371 0 0 (4.Cost of sales i).691) 0 0 0 179.41 -4.Cash & bank balance 2.00 2.754 63.000 13.46 -147.00 2.827 22 4.00 -2.034 756 0 (4.250 90.54 0.470) 13.000 (36.903 9.Financial expenses as % of sales (F6 as % of F1) 3.721 0 111.243 112.365 139.Non-Current Assets (A1+A3+A5+A6+A7) 1.376 1.900 (46.011 0 154.383 (1.921 70.Net profit before tax 8.211 0 3.Debentures/TFCs 4.92 39.599) 13.94 -73.Short term investments 5.25 .61 -27.042 49.779 121.756 0 2.Selling & distribution expenses ii).779 0 (35.Current Liabilities (C1+C2) 1.28 0.035 7.000 (32.796 0 0 2.930) 1.806 0 1.798 0 78.00 2.511 109.498) 31.290) 0 0 66. shares) 50 - - - - - - 3.024 (1.000 13.015 0 100.31 -13.54 74.Other input cost 3. shares] 17.789 2.315 18.613 6.627) 13.Revenue Reserve 3.367 2.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Inventories 3.Retention in business (F7-F8-F9) 4.277 - - - - 115.07 101. wages and employee benefits 6.741 (46.52 - - - - - - 419.Gross Profit 4.668 41.Capital Reserve ii).Break-up value shares (Rs. Subscribed & Paid up capital i).04 0./share) (E/No.00 31.Financial Statement Analysis of Non Financial Sector 2010 Elahi Cotton Mills Ltd.468 104.768) 1.48 0.General.32 -9.07 119.28 -5.718 0 78.Salaries.

Current Assets (B1+B2+B3+B4+B5) 1.24 8.03 0.93 9.355 886.52 0.294 1.36 13.018 615.875 933.Debt equity ratio [(C+D) to E] 8.330.94 3.28 3.567 273.19 1.086 7.14 7.781 7.011 868.438 0 39.259 281.959 1.07 8.Gross Profit 4.37 42. shares] 17.842 464.037 428.758 1.Total fixed liabilities (D1+D3) 3.12 7.778 0 105.23 5.100 451.Preference shares 2.207 0 0 - - - - 145.760 472.Miscellaneous 1.462 13.82 0.49 3.809 595.026 81.370 1.387 9.721 53.325 0 406.948 89.203 886.262 413.213 0 50.Trade Debt 4.Retention in business (F7-F8-F9) 4.284 1.111 109.221 3.986 47./share) [(F7-F8)/No.Financial expenses of which: (i) Interest expenses 7.Other current liabilities D.04 0. administrative and other expenses i).006 - - - - 135.Ordinary Shares ii).151 60.81 2.102 F.983 0 75.Other non-current assets B.Inventories 3.40 3.032 1.578.500 0 374.Operation: 1.56 0.610 109.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.500 109.Administrative and other expenses 5.596 197.17 40.489.397 713.499 407.192 585.Salaries.00 5.254 1.226 0 56.Other input cost 3.85 1.115 902.Return of equity (F7 as % of avg.22 0.703 0 1.288 109.021 308.Reserves i).393 196.414 14.373 0 195.500 441.686 2.(A+B)] 9.01 1.427 4.677 5.Trade Debt as % of sales (B3 as % of F1) 4.Non-Current Assets (A1+A3+A5+A6+A7) 1.Dividend cover ratio [(F7-F8) to F9] 12.82 - - - - 36. of Ord.30 1.23 .Issued.Other current assets C.936 0 103.900 0 74.54 7.137 5.61 1.110 109.74 1.Operating fixed assets after deducting accumulated depreciation 4.238 850.Cost of sales i).598 267.47 2.05 86.802 0 50.74 2.146 - - - - 407. E) 10.948 957.133 1.810 374.023 1.192 190.215 87.15 35.604 471.500 0 331.044 0 0 84.232 8.76 1.086 308.49 6.600 109.034.310 530.238 955.Short term Secured loans 2.841.Long term investments 7.786 79.145 1.875 892.01 88.643 16.218 73.35 2.722 97.973 516.524 96.452.10 0.608.678 16. wages and employee benefits 6.215 1.520 41.500 484.Local sales (Net) ii).910.025 63.425 0 64.Export Sales (Net) 2.309 867.Financial expenses as % of sales (F6 as % of F1) 3.938 374.193 471.Long term secured loans 2.069 849.675 G.Assets turnover ratio [F1 to (A+B)] 5.12 0.500 0 359.90 86.824 0 56.54 4.611 109.251 476.239 0 1.167.252 0 0 0 0 - - - - 0 0 0 0 477.95 4.581.354 715.87 44.903 166.021 0 0 1./share) (E/No.32 4.506 21.59 4.510 647.304 844.56 35.866 7.713 471. G1) 11.34 1.686 - - - - 65.03 0.00 5.500 393.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Cost of material ii).48 4.91 0.495.015 2.89 0.Intangible assets 6.26 5.500 468.Current ratio (B to C) 6.059 132.02 1.Other non-current liabilities E.339 691.76 53.532 0 116.30 15.409 391.596 44.56 0.00 85.520 98. Subscribed & Paid up capital i).261 526.207 38.356 99.26 - - - - 6.Break-up value shares (Rs.436 44.116 119.406 455.500 589.026.512 1.635 471.066 175.158 831.760 351.694 (4.427 367.500 0 284.Current Liabilities (C1+C2) 1.19 4.Earning per share after tax (Rs.58 19.95 1.Revenue Reserve 3.02 0.Total capital employed (E+D) 2.595 894.921 1.35 5.389 156.959.Cash & bank balance 2.Inventory Turnover Ratio (F1 to B2) 13.277 0.186.356 923.712 0 0 0 0 0 0 0 0 - - - - 516.08 87.75 5.Return on capital employed ( F7 as % of avg.565 146.160 1.360 7.082.General.39 31.491 49. Items A.354 114.Cost of goods sold to sales (F2 as % of F1) 7.710 2.Selling & distribution expenses ii).113 473.47 2.Total value of bonus shares issued 11.94 6.639 214.694.23 0.336 13.119 - - - - 1.487 890.Contractual Liabilities (G2+C1) H.491 957.931 908.559 49.90 1.955 585.621.003.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 886.487 35.860 109.388 565.190) 1.Key Performance Indicators 1.968 109.28 4.737 975.020 1.412.09 0.Total amount of dividend 10.00 6.185.179 304.Sales i).Return on assets [F7 as % of avg.970 99.181 777.574.51 0.10 5.Net profit before tax 8. shares) 51 - - 5.83 18.00 6.489.180 647.76 2.530 1.500 0 281.108 813.686 445.Financial Statement Analysis of Non Financial Sector 2010 Ellcot Spinning Mills Ltd.29 1.441.Debentures/TFCs 4.049 38.099 86.20 87.179 184.93 5.Operating cash flow to debt ratio [F11 to (C+D)] 16.215 975.343 53.803 1.Net profit margin (F7 as % of F1) 15.768 1.470 145.20 3.532 41.507 94.25 5.239 1.073 249.648 8.13 0.790 109.605.95 18.23 7.Operating fixed assets at cost 3.Capital work in progress 2.695 15.717 35.712 112.Long term unsecured loans 3.694 367.58 0.788 - - - - 109.Acid test or quick ratio[(B1+B3+B4) to C] 2.Cash flows from operations - - - - 35.598 96.481 890.961 91.Shareholders Equity (E1+E2+E3) 1.Depreciation for the year 5.80 2.291.83 4.695 114.393 60.73 4.50 16.005 185. of Ord.500 0 479.492 583.818 0 84.503 16.Capital Reserve ii).Tax provision (current year) 9.702 134.Employees benefit obligations 5.710 662.78 3.278.713 202.281 109.97 0.710 1.226.Short term investments 5.113 844.332 56.468 109.49 4.771 140.970 451.665 904.772.

534 1.08 84.805 1.011 1.794 1.Inventory Turnover Ratio (F1 to B2) 13.17 87. shares] 17.Shareholders Equity (E1+E2+E3) 1.40 2.000 0 - - - - 740.Selling & distribution expenses ii).14 0.55 8.367 0 0 0 0 - - - - 0 153.943.Return of equity (F7 as % of avg.161.071 0 81.655 220.243.743 5.948 66.938 188.Trade Debt as % of sales (B3 as % of F1) 4.281 180.592 1.Reserves i).Contractual Liabilities (G2+C1) H.40 3.040.164 3.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Key Performance Indicators 1.303 0 87.826.118 19.291./share) (E/No.328 902.Operating cash flow to debt ratio [F11 to (C+D)] 16.586 0 107.089 143.Acid test or quick ratio[(B1+B3+B4) to C] 2.152 26.330.543 443.193.699 249.665.334 0 134.616.Other non-current liabilities E.692 1.539 2.87 4.945 2.36 5.Capital Reserve ii).430.027.917 393.Intangible assets 6.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 1.10 3.74 102.97 89.457 588.868 988.372 1.724 184.000 1.79 2.380 100.42 35.Capital work in progress 2.85 4.554 1.52 0.206.239 100.310 4.22 1.659 27.Total fixed liabilities (D1+D3) 3.22 4.Other current liabilities D.254 50.915 100.057.676.52 1.59 1.000 0 120.970 44.388 522.20 6.870 164.310.77 1.253 3.831 293.446 121.286 0 100. wages and employee benefits 6.Other input cost 3.85 5.000 1.773 2.472 1.883 551.344 152.250.511 0 0 2.Other current assets C.45 9.33 0.035.471 356.709.Total capital employed (E+D) 2.000 0 618.725.388 559.000 0 935.000 1.559 3.000 100.988 1.70 1.504 1.92 5.Short term Secured loans 2.253 190.148.963 1.825 - - - - 380.425.574 1.948 893.722.274 1.154.72 .110.005 0 230.Return on assets [F7 as % of avg.Net profit margin (F7 as % of F1) 15.718 95.309 96.465 1.239 - - - - 100.110.716 331.380 100.14 3.439 877.76 3.746 11.424 1.848 29.075 211.12 4.415 1.01 1.319 81.603.Long term secured loans 2.457.805 967.00 5.592 0 78.627 0 0 107.55 71.565 1.084 140.89 4.Miscellaneous 1.Depreciation for the year 5.250 80.Cash flows from operations - - - - 80.Financial expenses as % of sales (F6 as % of F1) 3.368 1.000 85. Subscribed & Paid up capital i).438.951 1.95 89.90 4.Current Assets (B1+B2+B3+B4+B5) 1.01 90.335 121.490 24.30 5.415 0.Issued.78 7.534.854 39.963 180.88 8.89 0.500 0 112.632 94.386.609 3.81 87.623.61 5.786 76.238 685.058 100.780 7.19 143.380 850.333 698.000 1.875 2.070 61.Cost of sales i).328 1.845 127.Trade Debt 4. administrative and other expenses i).Operating fixed assets at cost 3.528 1.Preference shares 2.395 1.Long term unsecured loans 3.258.000 0 927.563 631.73 3.Debentures/TFCs 4.652 - - - - 141.20 5.522.692 827.33 6.843.89 84.587.716.819 390.766 264.00 8.969 16 2.615 967.892 208.77 0.603.46 103.000 80.000 848.66 2.Current ratio (B to C) 6.284 2.197 F.Operation: 1.000 0 1.659.360.724 1.Cost of material ii). Items A.671.948 265.Gross Profit 4.567 7.264 606.725.10 11.04 15.213 3. of Ord.605.303 270. G1) 11.716 0 0 0 0 89.39 6.500 0 132.635 2.64 15.Ordinary Shares ii).996 235.21 9.601 8. shares) 52 4.840 326.Retention in business (F7-F8-F9) 4.353 42.459 1.355.Total amount of dividend 10.54 0.Earning per share after tax (Rs.522 560.64 1.985 25.03 12.13 1.Non-Current Assets (A1+A3+A5+A6+A7) 1.353 237.236.990 718.(A+B)] 9.554 1.086 111.447 822.00 7.666.624.Administrative and other expenses 5.22 1.385 2.625 3./share) [(F7-F8)/No.93 8.087 160.85 0.87 0.340.615 740.51 1.General.Salaries. of Ord.865 902.06 7.005.459.212 82.000 1.205 33.357 606.353.Local sales (Net) ii).Non-Current Liabilities (D1+D2+D3+D4+D5) 1.51 0.766 1.671.766 99.118 173.471 82.56 21.000 0 748.532 G.00 11.Break-up value shares (Rs.241 2.88 3.000 1.238 130.000 0 957.815.768 2.Net profit before tax 8.971 100.398 291.Cost of goods sold to sales (F2 as % of F1) 7.909 1.Dividend cover ratio [(F7-F8) to F9] 12.33 8.05 6.271.99 105.917 96.57 79.718 372.511 100.Return on capital employed ( F7 as % of avg.311 445.450 820.64 5.652 4.873.036 1.358 794.566 111.103.94 26.220 380.00 8.Tax provision (current year) 9.587.509 4.034 99.446 57.725.Debt equity ratio [(C+D) to E] 8.684.504 1.500 0 704.490 - - - - 303.758.196 9.Revenue Reserve 3.280 7.95 1.915 100.684.133 29.768 26.563 794.86 16.Total value of bonus shares issued 11.85 2.511 1.Assets turnover ratio [F1 to (A+B)] 5.002.960 189.Financial expenses of which: (i) Interest expenses 7.95 - - - - 5.Export Sales (Net) 2.330 0 133.201 50.137 2.689 1.922 1.58 10.19 1.461.127 970.013 516.Inventories 3.000 - - - - 222.58 1.307 1.058 100.Cash & bank balance 2.50 0.244.34 5.971 100.573 - - - - 2.714 793.20 0.Financial Statement Analysis of Non Financial Sector 2010 Faisal Spinning Mills Ltd. E) 10.824 559.38 6.097 866.24 0.Other non-current assets B.50 0.274 179.Short term investments 5.Sales i).722.679 235.013 631.066 1.10 0.Current Liabilities (C1+C2) 1.327 74.Long term investments 7.05 - - - - 82.364 168.61 0.Employees benefit obligations 5.514 3.859 15.064 95.716.622 13.459 1.08 38.396.Operating fixed assets after deducting accumulated depreciation 4.637 43.615 220.000 37.81 3.377.036 1.809 514.

819 1.Inventory Turnover Ratio (F1 to B2) 13.826 427.367 5.Current Assets (B1+B2+B3+B4+B5) 1.402 3.766.473 41.Revenue Reserve 3.865.72 90.709 6.Issued.004.300.108 - - - - 140.Trade Debt 4.995.13 0.Depreciation for the year 5.140.925 1.093 2.769.500 2.376.Financial expenses as % of sales (F6 as % of F1) 3.87 1.67 36.841 32.644.885.Financial expenses of which: (i) Interest expenses 7.416 1.32 0.077 12.28 -0.500 12.30 3.492.089 3.574 39.28 2.474 2.501.Return on capital employed ( F7 as % of avg.801 0 296.28 0.701 5.905.466.Shareholders Equity (E1+E2+E3) 1.384.24 2.166 2.140 115.375 0 - - - - 3.87 0.848 2.250 0 (220.317 1.608.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.667 2.Employees benefit obligations 5.Local sales (Net) ii). shares) 53 0.500 0 1.708.Selling & distribution expenses ii).794.685 6.91 2.522 4.Debt equity ratio [(C+D) to E] 8.812.355 1.519 6.989 426.510 3.Long term unsecured loans 3.Export Sales (Net) 2.125.604 56.667 105.249.067.04 0.587.139 0 (1.916 24.467 12.792 428.703 3.502 0 50.655.42 1.47 1.27 0.897 356.330 1.385.030 129.667 1.Other current assets C.32 0.094.026 5.836.103 2.871 1.375 0 101.711.Total capital employed (E+D) 2. shares] 17.543 17.Assets turnover ratio [F1 to (A+B)] 5.140.Administrative and other expenses 5.Other non-current liabilities E.552.833 40.82 0.761 666.473 3.103 94.818 7.500 2.780 129.636.289 1.18 0.Long term investments 7.Operation: 1.Operating fixed assets at cost 3.06 162.681 2.Cash & bank balance 2.028 6.Break-up value shares (Rs.354 2.539.87 1.514 2.Sales i).133.350.873 1.03 27.004 2.53 2.971.466.53 0.621 4.873 5.737.246.703 4.652 420 1.688 1.967 12.992 6.944 84.45 1.971.147 1.022 96.990 5.058 3.316 523.985 2.500 0 2.Intangible assets 6. Items A.543 0 0 0 0 51.982.895 12.304 - - - - 3.09 1.Key Performance Indicators 0.082.094 18.06 0.628 3.680.99 .94 8.344 2.689 601.375 0 138.Capital Reserve ii).Financial Statement Analysis of Non Financial Sector 2010 Fateh Textile Mills Ltd.761.088 0 260.45 2.569 526.394 18.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14. E) 10.37 0.145.943.135 432.134 2.892 1.379 0 98.766 H.519 0 5.78 0.179.489 1.Operating fixed assets after deducting accumulated depreciation 4.04 8./share) [(F7-F8)/No.442.809.699.14 80.197 559.489 8.Salaries.267.872 12.536 19.263.640.Tax provision (current year) 9.318) 2.905.450 66.633.682.052.919.677.404 3.Total fixed liabilities (D1+D3) 3.114.221 2.Cost of sales i).Ordinary Shares ii).058 4.87 1.730.484 4.282.644.Other non-current assets B.841 1.General.395 276.08 3.000 1.33 10.511.225.73 1.98 231.Retention in business (F7-F8-F9) 4.89 14.667.032 241.45 0.00 80.26 0.750.732 12.604 1.713 1.60 0.423.83 0.Return of equity (F7 as % of avg.42 1.400.23 2.949.032.582 G.116 1.730.557 29.799.211 2.640./share) (E/No.428 74.205 1.103 544.Cost of goods sold to sales (F2 as % of F1) 7.Short term investments 5.303.Inventories 3.70 2.26 - - - - 2. of Ord.016 - - - - 1.44 90.55 1.527.368 1.358 0 525.Miscellaneous 1.242 79.Total value of bonus shares issued 11.Net profit before tax 8.75 89.146.529.267.32 1.86 2.19 99.Trade Debt as % of sales (B3 as % of F1) 4.90 6.820.995 112.Return on assets [F7 as % of avg.500 0 2. of Ord.61 91.402 - - - - 290.551 390.223 1.323 4.54 1.Net profit margin (F7 as % of F1) 15.150 - - - - 12.484 4.598 11. Subscribed & Paid up capital i).77 4.412 2.554 2.263.000 9.232 12.500 0 1.815 1.910.Reserves i).95 27.41 2.09 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.390 526.285.37 0.05 1.764 1.Long term secured loans 2.Total amount of dividend 10.Capital work in progress 2.740 12.426.335.875 0 351.624.Dividend cover ratio [(F7-F8) to F9] 12.190 32.Current ratio (B to C) 6.54 2.63 2.656 4.97 1.282.63 31.100 1.258. administrative and other expenses i).743 1.241 1.799.Cost of material ii).103 205.761 450.196 205.091.Short term Secured loans 2.349.246 3.746 27.263.784 0 91.527) 129.227 2.84 5.Other current liabilities D.708.743 5.74 3.74 2.56 2.000 0 0 37.300.722 8.Gross Profit 4.294 F.991 2.106.582 5.Preference shares 2. wages and employee benefits 6.Non-Current Assets (A1+A3+A5+A6+A7) 1.223 91.148 105.559 2.27 0.786 6.656 4.084.832 3.24 0.000 10.00 40.577 12.655.343.713 0 0 0 0 - - - - 0 524.030 443.848.381 26.814 4.75 1.500 2.85 1.(A+B)] 9.05 15.38 1.579 2.005 13.559 874.919.667 51.148 2.Cash flows from operations - - - - 229.464 3.25 97.Debentures/TFCs 4.747 5.000 1.93 22.568.Current Liabilities (C1+C2) 1.82 11.500 0 1.343.000 0 - - - - 1.899 450.494.218 850.80 1.Contractual Liabilities (G2+C1) 4.715 229.28 1. G1) 11.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 1.812 359.00 6.818 6.003.524.500 2.500 0 2.69 10.501.59 0.22 2.164 1.69 0.Other input cost 3.22 1.650 12.284 311.512 449.767.776 5.000 9.213.050.500 2.88 4.524.099 5.482 1.147 1.563 4.756 1.667.000 0 51.885.554 528.743 0 5.349.169.317 1.232 12.606 204.781.685 0 6.438 - - - - 634.386.650 561.705 38.620.568 85.925 1.877 1.246.80 0.412.865.19 2.Operating cash flow to debt ratio [F11 to (C+D)] 16.00 86.24 1.063.079 4.500 9.Earning per share after tax (Rs.30 3.815 1.428 2.513 85.983.753.90 32.

Shareholders Equity (E1+E2+E3) 1.Operating cash flow to debt ratio [F11 to (C+D)] 16.32 35.85 -0.149.109 79.300 2.461 0 811.93 95.736 6.768 109.Employees benefit obligations 5.999 142.930 453.677 2.65 6.Revenue Reserve 3.914 1.521 142.51 1.010.669 332.Total value of bonus shares issued 11.98 7.73 - - - - 2.532 55.334.894. Items A.379 18.167.286 671.Cost of sales i).648 971.666 336 0 0 2.065.209.421.679.Non-Current Assets (A1+A3+A5+A6+A7) 1.Export Sales (Net) 2.43 7.68 70.394.Salaries. G1) 11.148 F.(A+B)] 9.087 417.113 39.822 58.193 261.Other non-current liabilities E.066.163 0 0 0 0 - - - - 0 58.310 753.520 2.355 6.193 151.310 0 856.582 G.Capital work in progress 2.252) 37.Ordinary Shares ii).939 501.05 2.712 1.024 257.98 5.55 1.077 39.702 1.23 128.019 4.999 255.Reserves i).675 1.266.54 13.851 - - - - 142.027.10 3.193 3.693 0 154.76 3.007 0 121.779 3.Assets turnover ratio [F1 to (A+B)] 5.12 7.Operation: 1.090.189.019 252.Intangible assets 6.024 66.560 1.89 87.12 0.406 374.568.171 2.133 1.724 3.45 1.698 1.333 2.96 6.Debt equity ratio [(C+D) to E] 8.829.498.324.756 1.84 0.768 736.858.43 0.196 0 59.134 2.466 3.576 1.Financial expenses of which: (i) Interest expenses 7.46 0.Local sales (Net) ii). shares) 54 - - - 2.890 0 856.Issued.459.111 3.823.Return on capital employed ( F7 as % of avg.601.38 1.393.763.146 986.347./share) (E/No.674.208 0 7.775 3.589 109.599 1.310 0 618.839 4.18 3.04 0.08 7.00 3.306.36 2.40 0.127 1.Financial expenses as % of sales (F6 as % of F1) 3.216 4.648 734.459 2.931.266 142.183 38. administrative and other expenses i).Current ratio (B to C) 6.250 6.Long term secured loans 2.765.Total capital employed (E+D) 2.802 883.798 4.310 0 752.94 0.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 1.162.656 3.275 389 5.547 97.113 1.006 0 607.21 .043.527.810 3.Retention in business (F7-F8-F9) 4.Other current assets C.637 3.211 142.858.354.155 4.310 142.Return on assets [F7 as % of avg./share) [(F7-F8)/No.035 35.359. Subscribed & Paid up capital i).568.626 5.436 1.133.756 825.491.905 594.007 566.856 176.055 3.Gross Profit 4.51 3.Long term unsecured loans 3.973 222.393.445.Inventories 3.554 55.271.Capital Reserve ii).21 - - 2.693 1.133 1.520 119.922 2.802 28.15 5.130 8.95 1.576 142.57 1.Key Performance Indicators 0.293.104 498.Administrative and other expenses 5.90 93.837 7.091 769.923.105 121.692 0 0 1.70 35.006 79.301.Earning per share after tax (Rs.Contractual Liabilities (G2+C1) H.14 0.341.656 0.833.173.214 58.Cost of material ii).Current Assets (B1+B2+B3+B4+B5) 1.407.80 -4.22 0.649 72.310 2.Other current liabilities D.008.459 0 58.782.31 0.977. of Ord.200 3.952) 2.820 173.831 6.31 9.988 2.491 4.301.209.099 282.50 53.569.115 0 - - - - 228.327.330 5.120 760 842.13 52.Dividend cover ratio [(F7-F8) to F9] 12.010.30 0.927 18.78 7.90 1.581.654.240.137 4.23 15.256.033 - - - - 2.452 4.02 1.55 0.929 1.99 3.779 933.828 1.79 5.599 332.516 0 - - - - 417.310 760.74 0.618.18 5.717 375.Other non-current assets B.99 13.Operating fixed assets after deducting accumulated depreciation 4.44 3. of Ord.908 662.Trade Debt as % of sales (B3 as % of F1) 4.229 4.527.803 1.454 5.48 16.145.954 5.310 0 990.449.Long term investments 7.Net profit before tax 8.Total amount of dividend 10.016 142.908.607 38.468 142.114 154.Cash & bank balance 2.403 8.47 3.41 6.242 6.531 797.Return of equity (F7 as % of avg.683 536.Miscellaneous 1.872 1.481 5.263 614.468 5.539 5.07 -0.Acid test or quick ratio[(B1+B3+B4) to C] 2.126 2.331.Other input cost 3.38 8.851 2.Total fixed liabilities (D1+D3) 3.95 0.271.482 2.000 2.Inventory Turnover Ratio (F1 to B2) 13.310 999.81 92.Sales i).940.814 - - - - 264.310 0 611.279 142.85 92.698 3.189 1.623 1.Trade Debt 4.66 0.590 6.785.080 4.Cash flows from operations - - - - 55.56 62.63 145.859 1.523 5.17 4.51 9.868.310 0 740.634 3.31 -2.76 1.233 58.934 131.58 - - - - 117.667 49.134 6.13 5.273 1.066 66.593.104.523 3.309 142.41 4.100 7.310 1.654 0 (72.274.Current Liabilities (C1+C2) 1.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.34 0.065 0 50.675 501.32 1.05 0.52 2.823.123 4.035 1.374.973 0 0 0 0 597.086 3.598.693 7.234.922 4.576 0 0 (35.562.679.Financial Statement Analysis of Non Financial Sector 2010 Fatima Enterprises Ltd.301.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Cost of goods sold to sales (F2 as % of F1) 7.General.298 2.821 79.05 0.126 90.471 2.404 - - - - 1.999.633 9.288 43.206.232.Tax provision (current year) 9.985 3.700 0 0 27.871 919.094 154.266.331.14 2.894.Short term Secured loans 2.632 1.00 0.837 - - - - 94.93 87.Selling & distribution expenses ii).000 0 0 115.934.00 4.301.109 475.410. E) 10.674.329.785 1.Depreciation for the year 5.731 933. wages and employee benefits 6.568.332 1.387.024.632 1.050 580.425 6.Debentures/TFCs 4.Break-up value shares (Rs.820.Operating fixed assets at cost 3.Preference shares 2. shares] 17.19 5.10 10.393 54.76 3.161 142.655.Short term investments 5.008.96 14.055 20.858 157.Net profit margin (F7 as % of F1) 15.329 4.736.52 0.159 696.330.735.00 -5.19 0.

38 14.323 86.902 185.145 2.984 109.458 2.196 - - - - 531.29 0.270 143.815 16.299 579.07 0.141 92.323 682.76 -0.511 85.12 87.Earning per share after tax (Rs.292 17.601 91.045 160.20 6.067 0 408.426 2. administrative and other expenses i).453 594.593 0 0 6.815 74.43 0.805 766.362 416.048 181.22 15.Cost of goods sold to sales (F2 as % of F1) 7.739 682.Operating cash flow to debt ratio [F11 to (C+D)] 16.426 297.363 570.Return on assets [F7 as % of avg.347 21.90 92.00 0.47 1.381 987.665 0 109.Return on capital employed ( F7 as % of avg.Current Assets (B1+B2+B3+B4+B5) 1.76 - .14 10.00 0.864 0 987. of Ord.975 174.Ordinary Shares ii).840 914.916 566.257 594.067 500.638 173.067 504.General.330 3.770 570.43 18.17 1.299 0 504.43 1.330 766.Total amount of dividend 10. shares) 55 - - - - - - 6.Total value of bonus shares issued 11.02 1.Dividend cover ratio [(F7-F8) to F9] 12.390 92.597 0 107.921 38.255 566.080 0 0 9.Miscellaneous 1.27 4.896 0 0 (1.04 0.335 4.706) 2.32 1. Items A.804 16.045 0 107.190 605.93 0.202 21.48 1.85 3.Operation: 1.530 0 4.067 0 266.546 57.202 62.Return of equity (F7 as % of avg.424 173.34 -0.14 10.Net profit before tax 8.884 280.00 0.Tax provision (current year) 9.453 46.074 92.Operating fixed assets after deducting accumulated depreciation 4.014 38.Trade Debt as % of sales (B3 as % of F1) 4.498 573.87 0.292 47.067 0 412.Financial expenses as % of sales (F6 as % of F1) 3.Contractual Liabilities (G2+C1) H. Subscribed & Paid up capital i).779 0 (4.Other current assets C.Retention in business (F7-F8-F9) 4.Selling & distribution expenses ii).896 0 0 - - - - - - 241.02 - - - - - - 0.706) 2.Sales i).604 570.424 173.87 0.Depreciation for the year 5.27 54.Cost of sales i).638 109.Short term investments 5.196 594.39 0.067 0 412.067 0 412.378 73.054 694 2.13 -0.452 73.62 0.(A+B)] 9.Financial Statement Analysis of Non Financial Sector 2010 Fawad Textile Mills Ltd.323 677.Net profit margin (F7 as % of F1) 15.864 256.Other input cost 3.196 594.24 4.916 0 38.34 -0.18 1.601 91.217 59.067 358.62 0.601 91.037 92.25 0.25 G.067 92.02 1.Administrative and other expenses 5.602) 573.61 0.Key Performance Indicators 1.Gross Profit 4.14 10.984 173.15 18.299 0 504.43 1.739 677.Other non-current assets B.Other current liabilities D.Cash & bank balance 2.Total fixed liabilities (D1+D3) 3.09 0.97 1.Debentures/TFCs 4.330 766. wages and employee benefits 6.074 - - - - - - 438.83 1.265 407.Break-up value shares (Rs.973 - - - - - - 30.12 87.015 579.93 0.22 15.Capital work in progress 2.067 504.074 92.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.25 1.87 0.638 - - - - - - 0 0 0 0 0 0 - - - - - - 71.326 16.56 1.394 2.64 89.349 594.747 573. G1) 11.Local sales (Net) ii).Inventories 3. of Ord.815 - - - - - - 11.Long term secured loans 2.70 0.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 256.045 0 107.29 0.00 -0.00 0.815 F.196 50.214 301.374 0 1.815 16.Intangible assets 6.Inventory Turnover Ratio (F1 to B2) 13.096 577.70 -0.572 280.326 16.638 169.372 4.196 50.747 573.42 2.217 59. E) 10.815 74.965 570.79 2.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.604 15.Preference shares 2.00 -0.879 17.141 92.34 0.Operating fixed assets at cost 3.Issued.Long term investments 7.50 54.965 0 523.Debt equity ratio [(C+D) to E] 8.Financial expenses of which: (i) Interest expenses 7.323 0.604 26.17 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.779 0 2.196 50.349 0 0 0 0 0 0 - - - - - - 144.349 594.Current ratio (B to C) 6.Total capital employed (E+D) 2.602) 573.140 368.63 0.Employees benefit obligations 5.779 0 (4.096 361.076 895.64 0.323 682.Assets turnover ratio [F1 to (A+B)] 5.Other non-current liabilities E.Short term Secured loans 2.384 59.Reserves i).96 0.460 92.Non-Current Assets (A1+A3+A5+A6+A7) 1.742 301.573 74.800 0 0 5.424 173.Shareholders Equity (E1+E2+E3) 1.26 2.314 535.50 54.973 579.Cost of material ii).002 113.323 677.Current Liabilities (C1+C2) 1.747 573.393 92.217 - - - - - - 3.323 92.904 0 47.299 579.Cash flows from operations - - - - - - 16.12 87.326 16.916 566.118 57.973 579.22 15.52 54.573 16.604 557.Salaries.90 1.141 92.067 504.638 173.864 0 987.88 2.69 1.Export Sales (Net) 2.15 1.299 0 504.006 0 1.Capital Reserve ii).43 1.848 71.Trade Debt 4.546 55.067 0 77./share) (E/No.854 308. shares] 17.896 0 0 (1.604 356.Long term unsecured loans 3.086 597.76 -0.638 109.104 92.167 252.37 0.500 25.951 768 768 768 63.299 579.62 8.79 0./share) [(F7-F8)/No.604 605.41 1.17 1.70 -0.13 -0.Revenue Reserve 3.87 91.

844 1.985.352.100 2.391 9.304 261.767.546 163.588 2.89 1.31 6. of Ord.Operating fixed assets at cost 3.71 13.50 - - - - 6.Ordinary Shares ii).Acid test or quick ratio[(B1+B3+B4) to C] 2.257 172.Long term investments 7.401 3.511.444 3.533 77.675.Administrative and other expenses 5.284.329.256.187.841 3.Net profit before tax 8.Current ratio (B to C) 6.Cost of sales i).425 24.Debentures/TFCs 4.542 0 197.557.880.075 437.Inventory Turnover Ratio (F1 to B2) 13.37 7.077.Short term Secured loans 2.50 3.01 0.079 171.020 4.588 12.192 56.Intangible assets 6.874 1.284.Depreciation for the year 5.Salaries.Cash flows from operations - - - - 203.884.000 846.865 2.333 3.333 6.40 3.632 707.730 6 599.163.Break-up value shares (Rs.620.826 182.763. of Ord.666.24 2.586 5.735.201 3.894 317.510 24.265 1.888.035 1.000 1.55 1.207 115.552 3.645.482 932.803 6.697.222.463.Contractual Liabilities (G2+C1) H.970 2.057 1.186 266. shares] 17.Long term secured loans 2.669 0 139.072 - - - - 1.921 2.963 2.000 1.081 369.936 726.58 0.552 0 1.262 0 806.16 6.553.552 3.811 8.36 0.Dividend cover ratio [(F7-F8) to F9] 12.196.921.572.724 369.46 1.411 262.022 6.Operation: 1.932.573.117.14 86.388 5.253. Items A.904 2.88 8.113.41 86.117.Debt equity ratio [(C+D) to E] 8.193 5.34 64.Other input cost 3.88 1.214.08 3.77 13.Revenue Reserve 3.953.569.512.350.369 187.748 6.978.Retention in business (F7-F8-F9) 4.673 0 304.Return on assets [F7 as % of avg.977 5.69 25.22 85.032 121.09 0.940 557.447 5.563.523 - - - - 187.52 0.626.345.483 187.767.361 0 676.593 2.54 0.574.14 2.54 3.464 248.908 2.55 82.756 0 0 340.383.41 2.199 229.937 2.Capital work in progress 2.Short term investments 5.383.179 752.598.213.17 8.734 2.254 6.265.701 0 24.568 437.Other current assets C.22 3.952 14.13 5.584.514.75 0.Earning per share after tax (Rs.778.Current Liabilities (C1+C2) 1.350 177.651 6.Financial expenses as % of sales (F6 as % of F1) 3.(A+B)] 9.165.General.227 1.07 86./share) (E/No.346 1.720 268.040 5.Other non-current liabilities E.869 11.268 215.250.075 5.417 1.089 1.19 86.Key Performance Indicators 1.654.18 0.294 7.888 6.25 2.056 2.453 883.Total capital employed (E+D) 2.Current Assets (B1+B2+B3+B4+B5) 1.698 7.888 406.859 2.833.262 1.46 4.759 203.669.00 13.704.09 .Sales i).221 596.174.00 84.950.392 395.000 939.653 0 0 746.84 4.Gross Profit 4.25 207.081 0 0 0 0 0 0 0 0 - - - - 1.873 4.372 1.120 6.88 1.82 15.09 9.956 0 136.861 3.135.74 4.08 0.41 6.967 196.56 2.Long term unsecured loans 3.84 1.583 0.598 1.287 163.Inventories 3.552 250.603 230.180 2.54 5.079 2.355.859. shares) 56 - - - - - 3.052 5.99 10.922.265 262.386 2.898 179.731 704.Financial expenses of which: (i) Interest expenses 7.230 4.616 1.345 437.390 268.959 5.063 467.003. wages and employee benefits 6.70 8.Return on capital employed ( F7 as % of avg.361 2.370 3.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 2.70 7.Net profit margin (F7 as % of F1) 15.263.089 250.300 694.107 127.26 8.17 1.81 3.78 0.967 321.Non-Current Assets (A1+A3+A5+A6+A7) 1.573 175.286 2.267 293.380 1.710 181.Selling & distribution expenses ii).57 9.715 1.Export Sales (Net) 2.56 212.Issued.398.280.168.035 398.168 2.446.73 0.307 2.688.651.73 1.552 250.213. administrative and other expenses i).Local sales (Net) ii).349 5.Other non-current assets B.Assets turnover ratio [F1 to (A+B)] 5.18 - - - - 150.97 4.638.750.395.83 11.350 2.Trade Debt as % of sales (B3 as % of F1) 4.000 3.Trade Debt 4.144.498 1.414 0 0 - - - - 508.936 229.533.238.645.651 3.50 2.097 1.50 0.Financial Statement Analysis of Non Financial Sector 2010 Fazal Cloth Mills Ltd.205 - - - - 3.970 2.76 0.734 1.60 0.02 1.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.552 148.Return of equity (F7 as % of avg.18 29.983 46.317.Capital Reserve ii).712 620.502 406.688.552 250. Subscribed & Paid up capital i).141 3.473 141.760.192 187.808 358.395.Reserves i).Cost of goods sold to sales (F2 as % of F1) 7.654.625 3.956. G1) 11.351.542.Operating fixed assets after deducting accumulated depreciation 4.102 5.755 327.961 4.73 1.724 1.098 7.210.00 8.Shareholders Equity (E1+E2+E3) 1.340 578.734 692.276 5.178.936 1.808 148.459.552 4.305 3.00 7.92 3.842 2.399 4.26 68.073.491 187.682 0 14.46 0.096 1.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.390 943.209 2.05 7.397.840 3.730 1.748 1.558 8.388 230.459 467.811 - - - - 222.952 71.55 5.147 921.702.552 250.642 G.Other current liabilities D.51 3.234 35.Total amount of dividend 10.Tax provision (current year) 9.893 2.704.934 954.752.994 575.281 413.97 1.655.035 437.46 8.Cash & bank balance 2.370.050 252.18 4.526 37.00 16.903 729. E) 10./share) [(F7-F8)/No.398.091 739.411 817.Operating cash flow to debt ratio [F11 to (C+D)] 16.820 2.05 16.699 0 546.Employees benefit obligations 5.791.402 2.749.54 7.564 2.Cost of material ii).336 4.473 1.012.598 7.463.818 250.13 7.823 4.598 48.990 - - - - 7.Total fixed liabilities (D1+D3) 3.110.400 123.455.491 2.89 0.010 6.402.037 273.170.921 934.03 1.Preference shares 2.616 1.598 477.645.314 1.736 252.28 5.Miscellaneous 1.050.169 6.860 7.Total value of bonus shares issued 11.711 187.076 157.241 - - - - 576.511.054 41.586 F.69 245.

Operating cash flow to debt ratio [F11 to (C+D)] 16.06 116.09 94.897 2.815.00 9.457 15.159 69.052 9.Inventories 3./share) [(F7-F8)/No.62 2.275 2.29 10.958 918.080 204.073 - - - - 61.48 0.11 0.119 2.Capital Reserve ii).387 34.36 .875 0 741.424 1.22 4.351 55.845 801.079 709.81 2.Tax provision (current year) 9.Shareholders Equity (E1+E2+E3) 1.913 48.828 660.792 42. G1) 11.697 0 571.41 1.324.638 0 61.766 76.184.78 1.262 61.875 0 658.255 649.225.838 0 11.Long term investments 7.57 0.740 501.Capital work in progress 2. Items A.64 1.618 329.001.58 3.33 0.753 1.31 0.Cost of sales i).Break-up value shares (Rs.293 1.662 50.Gross Profit 4.853.281 0 704.00 4.139 774.48 30.327 66.819 109.663.281 0 51.879 0 367.662 121.241 801.875 735.085 34.818.997 235.92 11.Salaries.Short term investments 5.327 741.52 6.976 629.06 3.48 114.589 0 104.Other non-current assets B.361 20.054 G.Net profit margin (F7 as % of F1) 15.71 0.407 74.504 1.99 25.12 5.114.General.315 2.254.Acid test or quick ratio[(B1+B3+B4) to C] 2.685.583 63.Depreciation for the year 5.325.416 639.385 27.05 0.122.971 0 0 1.58 3.425 0 6.954.Cash & bank balance 2.952 1.469 0 1.Local sales (Net) ii).777 1.558 1.197 F.598.168 575.18 2.24 0.17 0.668 1.043 745.236 28.892 1.420 741.875 719.00 1.382.993 1.664.399.218 29.834 9.890.Reserves i).799.533 918.667 2.079.39 - - - - 41.40 0.24 2.129.086 0 204.029.346 61.41 218.364 - - - - 1.461 601.000 0 0 0 0 0 0 0 0 0 - - - - 0 0 0 1.05 118.514 14.697 839.Cost of goods sold to sales (F2 as % of F1) 7.875 0 648.Preference shares 2.000.76 1.963 61.036 803.764 121.158 458.032 40.636.442.477 706.Miscellaneous 1.67 32.505 17.296 103.Operating fixed assets at cost 3.523 1.Current Assets (B1+B2+B3+B4+B5) 1.564.167 20.942 652.Debentures/TFCs 4.970 853.Financial Statement Analysis of Non Financial Sector 2010 Fazal Textile Mills Ltd. Subscribed & Paid up capital i).365 672.960 61.633 803.140 61.Return on assets [F7 as % of avg.401 1.07 0.Retention in business (F7-F8-F9) 4.62 1.379 747.063.570 53.60 0.248 139.928 1.34 0.Contractual Liabilities (G2+C1) H.259.Earning per share after tax (Rs.289.000 9.803.08 91.313 1.416 1.875 709. E) 10.20 4.875 0 120.375 745.079 1.30 13.354.736 53.251 84.67 2.58 0./share) (E/No.328.00 1.72 20.Key Performance Indicators 1.Cash flows from operations - - - - 44.58 3.625.42 0.Other current assets C.745 867.24 9.564.235 727.550.908 61.669 61.788 1.681 356.681 652.736 175.417 2.749 48.353 38.53 16.Financial expenses of which: (i) Interest expenses 7.699 679.469 1.019 1. shares) 57 - - 7.Trade Debt as % of sales (B3 as % of F1) 4.796 44.111 132.Long term secured loans 2.007 1.830 1.690) 747.079.07 10.875 1.552 3.625 220.60 64.904 47.278 1.306 1.060 1.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 669.17 0.Issued.550 675. of Ord.36 120.76 41.258 0 158.315 - - - - 78.875 61.033 61.767 2.459 24.861 120. administrative and other expenses i).25 1.18 0.Total amount of dividend 10.942 49.963 1.778 1.793 1.20 27.593 0 207.293 1.868 3.640.50 1.Employees benefit obligations 5.407.Operating fixed assets after deducting accumulated depreciation 4.29 7.651 774.375 1.838 61.Administrative and other expenses 5.08 1.27 2.97 94.44 1.875 0 1.953 646.162 37.Return on capital employed ( F7 as % of avg.64 6.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Debt equity ratio [(C+D) to E] 8.Selling & distribution expenses ii).Other non-current liabilities E.Inventory Turnover Ratio (F1 to B2) 13.954 484.766 1.351.498 2.910 2.55 6.381.926 0 0 27.461 - - - - 162.06 1.Financial expenses as % of sales (F6 as % of F1) 3.875 745.Operation: 1.Trade Debt 4.015.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.75 4.98 0.803 0 0 - - - - 219.118 1.73 1.Net profit before tax 8.418 1.435 - - - - 1.521 1.991 2.764 0 204.Total fixed liabilities (D1+D3) 3.393 3.291 44.597.00 -4.54 0.610 299.Other input cost 3.Current ratio (B to C) 6.221 61.897 69.Dividend cover ratio [(F7-F8) to F9] 12.003.36 129.775 669.Cost of material ii).33 3.216.802 62.Revenue Reserve 3.819.947 0 0 0 0 - - - - 0 0 0 0 1.247 2.842 68.88 6. of Ord.324.454.Assets turnover ratio [F1 to (A+B)] 5.324 9.805. wages and employee benefits 6.948 61.52 10.221 0 48.14 1.177 50.92 1.83 2.875 0 683.Intangible assets 6.875 0 674.63 1.61 79.Non-Current Assets (A1+A3+A5+A6+A7) 1.325.15 91.05 102.910.29 - - - - 4.Total capital employed (E+D) 2.582.313 1.82 92.082.613 1.Return of equity (F7 as % of avg.Total value of bonus shares issued 11.662 266.001 408.248 47.152 4.56 2.Ordinary Shares ii).Export Sales (Net) 2.075.529.071 76.477 38.753 2. shares] 17.284 841.235 9.15 1.988 1.791 1.122 1.04 5.362 896.356.(A+B)] 9.236.361 0 188.764 0.908 0 (27.Other current liabilities D.950 2.06 0.Short term Secured loans 2.94 0.Sales i).054 1.51 2.663.969 0 80.900 1.Current Liabilities (C1+C2) 1.000.Long term unsecured loans 3.91 1.082.

48 5.750 0 226.422.08 12.765 5.144 7.375 2.90 36.624./share) [(F7-F8)/No.802.063.920.022 77. shares) 58 4.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.113.66 98.161 710.736.Return of equity (F7 as % of avg.057.27 8.Salaries.594 0 320.290 0 0 997.020.612 118.Inventories 3.68 9.826 1.Key Performance Indicators 1. Items A.226 3.50 12.736.172.16 0.544 0 467.166 799.152 3.358 - - - - 4.723 5.391 204.Shareholders Equity (E1+E2+E3) 1.875 438.644 103.06 -4.Long term investments 7.804 1.584.28 0.707.910 - - - - 234.942 998.Net profit before tax 8.Issued. G1) 11. of Ord.021 - - - - 897.375 0 2.210 234.544 307.052 622.Break-up value shares (Rs.861 291.12 8.804.253 76.639 3.965 6.718.464.Acid test or quick ratio[(B1+B3+B4) to C] 2.551 280.92 86.911 (297.375 0 2.051 5.519 234.468 3.32 119.601 58.Earning per share after tax (Rs.716.853 2.Other non-current assets B.592 234.362) 2.187 671.679.(A+B)] 9.226 2.Cash & bank balance 2.50 4.718.71 0.77 1.805 183.Current Assets (B1+B2+B3+B4+B5) 1.Retention in business (F7-F8-F9) 4.Total capital employed (E+D) 2.Current ratio (B to C) 6.792 2.560.494 181.207 154.051 0.77 6. of Ord.27 99.271 74.335 672.413 2.01 87.215 6.082 1.277 5.26 2.072) 47.606) 0 58.20 3.741.26 -1.07 6.34 13.652 897.767 15.638 3.029 2.246 185.717.09 89.58 10.455.886.124 0 547.140.89 85.00 12.04 0./share) (E/No.40 2.18 100.213 0 457.63 25.224 6.93 0.586.479.536.433 2.Operating fixed assets at cost 3.813 234.719 0 0 0 0 - - - - 0 0 0 0 2.389 81.713.16 1.577 4.93 0.40 0.112 257.125 2.Employees benefit obligations 5.266.191.723 2.873 1.669 3.265 704.889 238.827 749.918.Current Liabilities (C1+C2) 1.375 2.88 0.567.159.806 2.594 0 363.000 1.405 1.31 5.070 1.89 3.887.90 9.883.53 1.806 3.996 2.693.21 -1.668 2.762 3.40 1.Selling & distribution expenses ii).067 5.947.063.Cash flows from operations - - - - 183.544 3.32 84. shares] 17.161 0 0 0 0 0 0 0 0 - - - - 750. Subscribed & Paid up capital i).127.679.93 0.375 0 1.956.300 2.375 0 2.266.Depreciation for the year 5.123.908 125.General.710 0 0 4.Operating fixed assets after deducting accumulated depreciation 4.98 -5.253 1.Non-Current Assets (A1+A3+A5+A6+A7) 1.18 1.69 84.Sales i).70 5.Dividend cover ratio [(F7-F8) to F9] 12.422.242 310.166 238.974 630.Other input cost 3.974 3.743 303.10 15.835.892 2.072 1.Long term secured loans 2.Short term Secured loans 2.799 331.967 0 182.818.429 280.00 10.883.087.455.190 750.417 5.Miscellaneous 1.750 234.87 3.188 234.Debt equity ratio [(C+D) to E] 8.Administrative and other expenses 5.125 1.91 0.099.Other non-current liabilities E.Capital work in progress 2.454 1.89 0.691 4.789 318.Contractual Liabilities (G2+C1) H.953 756.33 4.Tax provision (current year) 9.137.200) 3.552 0 320.581 310.917 4.140.Revenue Reserve 3.Financial expenses of which: (i) Interest expenses 7.913.951.34 13.Other current liabilities D.827 2.321.21 37.000 50.179 4.13 2.Operation: 1.239.700 745.959 F.383.Total fixed liabilities (D1+D3) 3.974.238 623.820 83. administrative and other expenses i).801.007 463.246.Short term investments 5.96 1.18 - - - - 6.700 550.735 307.204 1.695.527.Cost of material ii).91 89.383.140.992 2.665 2.382 10.Trade Debt as % of sales (B3 as % of F1) 4.563 550.56 - - - - 84.208.60 1.840 149.35 0.Net profit margin (F7 as % of F1) 15.827.557 281.594.840.429 38.613 2.375 234.818 3.Long term unsecured loans 3.22 .Other current assets C.019 234.Return on assets [F7 as % of avg.400 1.858 2.633 1.164 146.Return on capital employed ( F7 as % of avg.061.375 234.195 2.878.Intangible assets 6.375 2.231 630.09 -2.74 3.407.Ordinary Shares ii).961 29.28 9.264 3.Total amount of dividend 10.Export Sales (Net) 2.024.906.Financial Statement Analysis of Non Financial Sector 2010 Gadoon Textile Mills Ltd.580 95.510 1.205.132 50.60 6.444.285 234.01 1.Financial expenses as % of sales (F6 as % of F1) 3. wages and employee benefits 6.425 3.753.76 0.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.071.000 985.967 234.64 4.576 1.00 10.538 0 (191.375 0 2.857.27 0.739.Capital Reserve ii).718.26 4.440 874.028.20 1.057.735 2.11 2.114 2.899 924.965 1.110 4.974 (344.827 291.375 1.636.000 375.88 17.676.83 14.117 100.301.919 5.674 3.40 2.32 2.989 243.084 5.509 1.39 12.677 276.72 0.957.422 79.35 4.947.Trade Debt 4.535 171.47 0.835 103.04 0.716 3.Operating cash flow to debt ratio [F11 to (C+D)] 16.625 2.995 2.061.206 5.Local sales (Net) ii).413 G.15 0.84 1.112.020.338.127 5.375 0 2.619.314.989 3.310 - - - - 541.074 375.Total value of bonus shares issued 11.66 0.989 0 0 (132.Gross Profit 4.581 1.063 0 775.612 3.215 4.673 2.611.375 2.Inventory Turnover Ratio (F1 to B2) 13.25 -14.Preference shares 2.361. E) 10.698 426.Debentures/TFCs 4.079.789 2.769 0 238.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 3.188.642.968.999 290.Cost of sales i).Reserves i).17 108.087.541 139.Assets turnover ratio [F1 to (A+B)] 5.914 916.134 75.003 620.806 58.144 - - - - 279.075 8.47 -5.818 2.990 1.462.Cost of goods sold to sales (F2 as % of F1) 7.36 -4.85 -10.858 4.918.822 6.687 0 164.37 -13.890 632.00 -5.594 0 - - - - 489.

113 582.282.11 2.90 10.09 1.64 4.671.Reserves i).Trade Debt as % of sales (B3 as % of F1) 4.501 181.969 326.Revenue Reserve 3. E) 10.587 0 91.124.Total amount of dividend 10.219 203.807 2.578 1.356 0 (24.402.91 2.008) 1.021 793.43 18.574 138.289 0 - - - - 533.Long term secured loans 2.367 2.55 5.356 302.35 4.20 6.24 59 - - - 7.Contractual Liabilities (G2+C1) H.54 0.348 2.44 2.503) 228.40 1.804 158 2.13 - - - - 44.720.522 108.16 5.857 661.238 0 (178.53 0.22 0.217 0 10.201 118.521 75.175) 296. shares] 17.654 5.68 0.715.747 1.68 -39.068 326.06 3.356 117.Financial expenses of which: (i) Interest expenses 7.884 2.618 2.Capital Reserve ii).00 -3.02 4.169 108.359.62 -7. of Ord.810 533.335 5.20 0.618 431.81 -76.646 448.182 - - - - (114. Subscribed & Paid up capital i).899 0 0 29.45 96.91 5.84 3.61 .Cost of material ii).273.688 74.Other current assets C.Return on assets [F7 as % of avg.21 0.24 -318.546 247.162 114.64 5.Earning per share after tax (Rs.422 1.729.371 14.824 133.211.231.414 296.525 28.741 0 96.394 62.998) 326.198 326.621 19.65 4.602 127.435 1.857.636) 15.61 2.188 149.435 156.53 -16.Selling & distribution expenses ii).201 1.229 3.07 -4.371 205.30 791.583 250.724) 14.366.68 1.735 48.982 116.630 326.302 119.Employees benefit obligations 5.26 -5.836.92 1.792 1. shares) 8.836.076 0 90.295 32.23 5.98 -27.792 1.333 1.898 4.231 81. wages and employee benefits 6.311 0 (124.Current ratio (B to C) 6.773 1.793 451.283 166.31 6.356 0 270.185) 250.546 (146.024 582.194 3.642 2.237 1.66 -5.470 0 (176.959 1.356 0 (460.429 - - - - 2.44 -10.38 98.173 1.Shareholders Equity (E1+E2+E3) 1.Tax provision (current year) 9.717 152.336) 757.26 1.856 83.584 2.Administrative and other expenses 5.359) 1.565 161.711 402.182 3.02 0.22 2.395 - - - - 363.635.140 402.240 1.424 326.18 3.838 811.452 157.Local sales (Net) ii).501 24.72 -6. of Ord.720.771 1.258 0 0 0 0 - - - - 0 0 0 0 395.356 69.055 371.650.344) 14.194.Capital work in progress 2.244 775.012.General./share) [(F7-F8)/No.83 2.86 93.46 0.485 2.406.770.697 1.Cost of goods sold to sales (F2 as % of F1) 7.135) 326.593 3.29 0.666.Acid test or quick ratio[(B1+B3+B4) to C] 2.221 326.92 9.830 F.Retention in business (F7-F8-F9) 4.333 152.573) 326.773 985.650.169 186.394 0 0 0 0 936.Gross Profit 4.771 732.903.389 189.373 0 0 (174.025 247.710 145.28 -6.108 78.197 1.793 1.Current Liabilities (C1+C2) 1.286) 9.02 0.Long term unsecured loans 3.093.Ordinary Shares ii).885 1.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.029 621.300 757.356 0 (208.535 G.356 (35.697 1.252.225 2.831 0 0 (161. G1) 11.37 -71.714 100.007.671.032 995.649 2.82 88.778.113 758.412.91 0.51 92.146 1.796 451.297.00 -5.Return on capital employed ( F7 as % of avg.57 0.530.566 0 (193.28 4.Total fixed liabilities (D1+D3) 3.Cost of sales i).124 914.529 758.Financial Statement Analysis of Non Financial Sector 2010 Ghazi Fabrics International Ltd.Short term Secured loans 2.Debentures/TFCs 4.014 15.665 0 46.928.235 1.918.870 872.Operating cash flow to debt ratio [F11 to (C+D)] 16.47 -1.Total capital employed (E+D) 2.Depreciation for the year 5.878 290 7.81 20.463 175.959 167.Cash & bank balance 2.Miscellaneous 1.039 1.815.503) 0 (460.535.374 676.Export Sales (Net) 2./share) (E/No.Inventories 3.18 0.846 582.345 313.Return of equity (F7 as % of avg.Sales i).450 1.96 1.069.Long term investments 7.13 -5.Other current liabilities D.Key Performance Indicators 1.065 3.075 79.Short term investments 5.09 4.16 4.184.566.Issued.397.484.372 (130.798 0 127.215 2.165 38.667 733.75 19.Cash flows from operations - - - - 127.888.923.434 77.Break-up value shares (Rs.Total value of bonus shares issued 11.254.504 262.925 1.Intangible assets 6.827.611 1.508 313.32 4.Debt equity ratio [(C+D) to E] 8.Other input cost 3.177.355.691 2.579 0 72.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 1.356 0 (590.356 0 334.157 1.455 65.Other non-current assets B.356 596.00 -5.801 106.Operating fixed assets after deducting accumulated depreciation 4.423 0.Net profit before tax 8.11 2. Items A.842 326.69 -16.211.10 - - - - -6.Assets turnover ratio [F1 to (A+B)] 5.39 97.Other non-current liabilities E.972 1.506 363.743 1.22 0.23 5.Operation: 1.202 2.48 0.Operating fixed assets at cost 3.40 3.120 1.771.333 1.28 34.761 126.144.Non-Current Assets (A1+A3+A5+A6+A7) 1.10 4.777 1.851 205.455 126.356 326.164.Preference shares 2.00 0.114.82 0.23 1.74 -14.53 0.335 0 2.999 0 754.(A+B)] 9.889 1.689.22 -0. administrative and other expenses i).Inventory Turnover Ratio (F1 to B2) 13.378.775 1.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.632 153.693 504.573) 0 (590.Current Assets (B1+B2+B3+B4+B5) 1.Trade Debt 4.Salaries.611 753.469.580 256.636 0 268.387) - - - - 326.817 - - - - 53.Financial expenses as % of sales (F6 as % of F1) 3.612 0 0 - - - - 226.715 100.77 0.109 175.Net profit margin (F7 as % of F1) 15.056.15 -4.345 1.Dividend cover ratio [(F7-F8) to F9] 12.024 2.621 359.610 1.735 116.035.549.37 1.634 1.

555 574.Operating fixed assets after deducting accumulated depreciation 4.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.00 18.General. administrative and other expenses i).Short term investments 5.35 1.754 0 (23.474 19.673 35.15 3.518 97.421 1.358 80.Trade Debt as % of sales (B3 as % of F1) 4.796 42.400 0 140.128 282.400 186.991 321.Break-up value shares (Rs.400 0 (93.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 482.461 42.226 300.Net profit before tax 8.797 649.306 17.Other current assets C.802 0 299.838 1.221 318.807 195.458 28.820 568.189 28.Other input cost 3.Financial expenses of which: (i) Interest expenses 7.Inventory Turnover Ratio (F1 to B2) 13.80 -0.149 303.Short term Secured loans 2.729 96.236 312.129 19.782 3. G1) 11.076 2.40 -10.24 -2.Total capital employed (E+D) 2.14 -2.Long term unsecured loans 3.97 - - - - 12.652 0 99.13 -3.37 1.592 33.83 10.230 59.Operating fixed assets at cost 3.Total fixed liabilities (D1+D3) 3.Reserves i).354 359.92 0.00 -0.305 0 39.495 33.543 131. of Ord.793 306.44 0.730 116.618 401.Cash flows from operations - - - - 15.802 0 282.83 0.599 258.994 0 5.400 0 59.(A+B)] 9.136 87.708 0 0 0 0 - - - - 0 0 0 0 237.014) 419 0 0 82.400 226.400 209.11 8.394 35.495 16.889 815.21 -2.145 256.38 15.279 217.427 116.792 316.Depreciation for the year 5.134 49.Cost of goods sold to sales (F2 as % of F1) 7.117 0 0 (24.917 9.060.400 116.400 344.415 100.401 519.134 217.57 0.26 -6.59 -2.26 5.Tax provision (current year) 9.48 2.15 7.Return of equity (F7 as % of avg.597 175.423 116.18 -8.98 3.01 16.575 108.27 8.228 - - - - 0 0 0 0 - - - - 49.Selling & distribution expenses ii).382 681.03 -0.Export Sales (Net) 2.957 1.Other current liabilities D.358 216.189 32.532 531.86 1.949 537.400 0 93.Long term investments 7.739 116.Total value of bonus shares issued 11.681 8.770 3.52 19.650 15.34 6.369 128.145 32.65 0.380 0 38.44 -10.58 29.52 1.602) 3.Financial expenses as % of sales (F6 as % of F1) 3.676 0 1.Trade Debt 4.292) 217.999 66.597 55.758 35.Current Liabilities (C1+C2) 1.240 58.658 - - - - 27.121 172.097 305.266 28.10 0.Current Assets (B1+B2+B3+B4+B5) 1.01 0.59 - - - - -0.181.594 750.Retention in business (F7-F8-F9) 4.Non-Current Assets (A1+A3+A5+A6+A7) 1.Revenue Reserve 3.Cost of material ii).Financial Statement Analysis of Non Financial Sector 2010 Glamour Textile Mills Ltd.139 8.13 2.Operating cash flow to debt ratio [F11 to (C+D)] 16.00 -2.Preference shares 2.988 100.Cost of sales i).439 492.639 - - - - 991.Operation: 1.Return on capital employed ( F7 as % of avg.946 265.51 3.396 23.833 206.648 176.59 3. Subscribed & Paid up capital i).274 88. wages and employee benefits 6.61 7.426) 0 (93.06 -3.40 97.45 -17.62 1.967) 206.118 1.Assets turnover ratio [F1 to (A+B)] 5.32 7.87 13.Current ratio (B to C) 6.44 13.993 212.597 382.527 1.738 0 (2.925 413.666 35.339 0 0 299.150 0 37.631 482.032 39.96 4. shares] 17.11 -2.815 29.458 519.56 1.26 40.Debentures/TFCs 4.003 384.00 -2.513 264.Dividend cover ratio [(F7-F8) to F9] 12.395.Acid test or quick ratio[(B1+B3+B4) to C] 2.20 -22.352 766.96 0.203 812.129 41.673 531.63 6.933 F.948 49.Net profit margin (F7 as % of F1) 15.013 568.816 9.254 111.57 93.379 0 (23.897 599.Sales i).396 0 (29. shares) 60 - - - - - - 2.032 543.666 0 0 - - - - 60.426 0 175.04 .342 42.51 1.Shareholders Equity (E1+E2+E3) 1.013 38.400 116.540 52.479 (23./share) [(F7-F8)/No.318) 115.Total amount of dividend 10.71 0.Capital work in progress 2.Other non-current liabilities E.Contractual Liabilities (G2+C1) H.585 571.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.400 0 (203.33 3.04 0.Gross Profit 4.437 1.45 0.126 35.905 147.808) 116.82 93.104.395 8.642 689.827 116.05 0.79 0.797 189.807 0.304 29.61 -4.Capital Reserve ii).358.09 -0.Inventories 3.186) 5.Intangible assets 6.Administrative and other expenses 5.145.392 1.451 536.Employees benefit obligations 5.330 116.605) 4.400 0 110.00 -4./share) (E/No.583 116.360 46.678 422.268) 359.Other non-current assets B.75 -11.005 731.Earning per share after tax (Rs.Cash & bank balance 2.226 490.940 G.940 2.999 300.949 210.474 - - - - (175) 2.16 -5.099.85 9.596 - - - - 116. Items A.Return on assets [F7 as % of avg.713 0 0 (45.132 663.716 0 34.571 713.426) 273.Key Performance Indicators 1.314 55.439 391.68 0.687 2.186 416.Issued.Debt equity ratio [(C+D) to E] 8.597 0 12.607 66.073 56.48 -5.Salaries.474 868.20 0.15 4. E) 10.653 0 29.414 190.758 3.20 22.781 0 0 (19.81 94.808) 0 (203.03 10.Ordinary Shares ii).972 0 (50.84 3.264 0 0 134.46 95.450 450.40 84.490 67.Local sales (Net) ii). of Ord.73 18.875 147.260 32.186 293.389 4.Long term secured loans 2.68 0.840 869.735 247.63 0.Miscellaneous 1.294 37.89 0.996 116.847 275.433) 265.34 7.69 11.02 0.666 331.556 115.

283 13.472 186.55 1.24 21.356 12.931 25.277 1.621 44.964) 320.634 308.123 - - - - 371.68 8.Long term investments 7.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Reserves i).Inventories 3.008 79.837 146.542 25.Acid test or quick ratio[(B1+B3+B4) to C] 2.100 0 0 (23.000 454.64 0.Preference shares 2.155 104.187 0 76.646 320.713 48. administrative and other expenses i).995 0 0 (23.00 -5.621 0 23. wages and employee benefits 6.36 3.Cost of material ii).Non-Current Assets (A1+A3+A5+A6+A7) 1.Inventory Turnover Ratio (F1 to B2) 13.718 0 - - - - 146.483 1.663 133.033 46.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.621 0 23.14 0.Operating fixed assets at cost 3.Short term Secured loans 2.Other input cost 3.78 -4.621 70.24 88.40 0.83 11.26 2.41 0.283 238.Local sales (Net) ii).07 .Debt equity ratio [(C+D) to E] 8.83 99.816 46.621 0 (30.491 174.33 6.219 0 0 0 0 - - - - 0 0 0 0 232.Break-up value shares (Rs.09 1.247 46.Short term investments 5.960 0 (24.Financial Statement Analysis of Non Financial Sector 2010 Globe Textile Mills (OE) Ltd.13 2.893 0 81.96 1.78 -4.660 - - - - 105.61 -11.649 242.247 46.893 0 183.621 0 23.515 18.16 2.356 1.279 1.Total value of bonus shares issued 11.000 5.07 11.356 12.621 21.27 1.805) 46.366 4.588) 0 (30.998 11.376 752 0 0 0 29.Operation: 1.472 186.65 0.592 168.05 0.Contractual Liabilities (G2+C1) H.16 1. shares] 17.755 0 94.37 6.575 84.279 194 123 138.356 12.Key Performance Indicators 1.080 239.960 17.Financial expenses as % of sales (F6 as % of F1) 3.(A+B)] 9.Retention in business (F7-F8-F9) 4.953 166. of Ord.864) 1.83 11.356 12.301 390.995 1.Earning per share after tax (Rs.491 119.557 67.960 0 (24.85 6.455 378.559 189.07 -11.64 17.36 0.80 0.37 6. of Ord.942 0 0 0 0 79.31 5.002 752 175.116 174.76 0.08 0.621 0 (40.35 15.706 13.42 0.938 215.483 16.964) 320.Export Sales (Net) 2.Cash & bank balance 2.97 -13.356 1.271 389.279 1.51 1.19 4.07 11.646 320.938 0 214.32 - - - - 1.67 11.192 454.626 46.416 10.01 3.Cost of goods sold to sales (F2 as % of F1) 7.05 0.35 15.Total fixed liabilities (D1+D3) 3.990 51.964 0 5.990 104.370 238.17 1.Net profit margin (F7 as % of F1) 15.177 1.46 6.572 46.Other current assets C./share) [(F7-F8)/No.959 184.00 1.Other current liabilities D.178 173.12 88.483 238.483 16.19 23. Subscribed & Paid up capital i).Total capital employed (E+D) 2.Return on capital employed ( F7 as % of avg.974 44.155 104.491 371.676 240.998 18.938 0 214.582 215.Other non-current liabilities E.542 25.Gross Profit 4.64 3.274 23.35 3. Items A.699 11.221 19.Sales i).298 238.155 104.83 11.582 215.00 -5.192 0 424.83 99.773 0 64.116 371.005 105.441 1.588) 5.662 0 60.Issued.Operating cash flow to debt ratio [F11 to (C+D)] 16. E) 10.00 -5.996 43.55 28.567 1.002 91.123 6.488 166.Other non-current assets B.402 0 51.57 0.955 1.64 0.Total amount of dividend 10.100 0 0 (23.37 -33.98 2.Return on assets [F7 as % of avg.37 -33.Cash flows from operations - - - - 9.93 1.713 104. G1) 11.01 93.301 0 346.Assets turnover ratio [F1 to (A+B)] 5.80 0.16 13.483 181.483 238.Employees benefit obligations 5.194 104.356 - - - - 7.370 238.138 9.97 -13.942 5.713 104.66 1.674 11.Debentures/TFCs 4.397 229.Current Assets (B1+B2+B3+B4+B5) 1.Ordinary Shares ii).33 2.871 186.07 11.093 17.123 308.479 25.406 63.Current Liabilities (C1+C2) 1.16 1.621 10.100 0 0 - - - - 25.938 0 214.Selling & distribution expenses ii).893 0 94.Current ratio (B to C) 6.626 - - - - 46.693 91.142 0 44.40 0.271 0 377.Long term unsecured loans 3.Cost of sales i).491 371.938 215.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 240.995 12.Miscellaneous 1.343 8.402 70.Return of equity (F7 as % of avg.Revenue Reserve 3.07 -11.Intangible assets 6.964) 320.83 99.05 0.713 51./share) (E/No.186 23.85 0.248 44.479 25.80 0.71 -11.709 389.832 106.479 25.356 12.12 0.Financial expenses of which: (i) Interest expenses 7.123 308.374 F.Administrative and other expenses 5.864) 1.542 G.025 390.Operating fixed assets after deducting accumulated depreciation 4.271 389.267 36.740 16.26 76. shares) 61 - - - - - 3.10 0.491 174.626 160.356 206.247 46.Trade Debt 4.805) 0 (40.893 206.51 - - - - 12.491 195.713 0 0 0 0 95.Long term secured loans 2.Salaries.07 0.40 0.893 0 94.516 70.555 110.Capital Reserve ii).General.646 320.Trade Debt as % of sales (B3 as % of F1) 4.626 46.864) 1.621 70.483 16.713 51.102 12.938 215.35 15.472 15.Depreciation for the year 5.582 - - - - 30.Tax provision (current year) 9.25 4.Net profit before tax 8.347 0.189 49.Shareholders Equity (E1+E2+E3) 1.370 174.005 12.Dividend cover ratio [(F7-F8) to F9] 12.37 6.68 -28.959 4.78 -4.731 27.960 0 (24.054 215.Capital work in progress 2.

Operating fixed assets at cost 3.Debt equity ratio [(C+D) to E] 8.483 487 0 215 0 - - - - 0 0 0 0 0 0 0 0 0 0 - - - - 367.Reserves i).Current Assets (B1+B2+B3+B4+B5) 1.47 2.74 0.894 1.Capital work in progress 2.985 0 22.413 170.778 1.84 0.Return on assets [F7 as % of avg.526 499.Net profit before tax 8.207 0 329.13 0.305 603.880 85.664 155.Inventories 3.Employees benefit obligations 5.752) 591.43 0.985) 7.00 -33.Capital Reserve ii).58 - - - 0.Local sales (Net) ii).Return on capital employed ( F7 as % of avg.06 116. G1) 11.61 30.664 462.633 0 462.Selling & distribution expenses ii).591) 0 0 0 (2.10 -52.739 0 301.674 0 (77.286 193.122 1.08 89.385 0 (102.32 -1.601 155.Gross Profit 4.Export Sales (Net) 2.91 15.Other current liabilities D.17 -5.Trade Debt 4.216) 10.455.00 397.508 346. of Ord.652 368.565 829.38 -151.Break-up value shares (Rs.89 32.995 143.41 -6.965 55.436 66.Total capital employed (E+D) 2.512 0 88.58 118.362 - - - - 1.87 28.77 5.02 84.000 299.14 15.Current ratio (B to C) 6.56 -31.179 0 0 0 42.291 408.276 487 0 215 0 251.00 0.298 1.050 927.376 21.099 0 0 (24.78 394.148) 21.Sales i)./share) (E/No.Cost of sales i).371 94.050 494.504 408.70 24.82 -20. of Ord.237 590.Non-Current Assets (A1+A3+A5+A6+A7) 1.079.97 -110.Total amount of dividend 10.02 - - - - - 54.Issued.721 0 (24.Dividend cover ratio [(F7-F8) to F9] 12.537 13.376 (42.436) - - - - 163.Key Performance Indicators 1. wages and employee benefits 6.16 6.418 534.49 89.483 32.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 918.271 153.Other input cost 3.674 0 (204.42 137.Financial expenses of which: (i) Interest expenses 7.179 - - - - 6.238 828.615) 163.648) F.Cost of goods sold to sales (F2 as % of F1) 7.Cash & bank balance 2.04 0.718 320.280 163.849 163.305 95.498 883.235 G.40 -6.Tax provision (current year) 9.376) 50.Return of equity (F7 as % of avg.159.225 0 53.53 236.922 274.168 3.537 (81.326 2.300 14.500 0 0 (101.17 183.376 0 42.Other non-current liabilities E.871 0 533.Debentures/TFCs 4.616 0 298.782 498.Short term Secured loans 2.652 (90.636 25.Operation: 1.312 883.25 -46.27 0. Items A.Revenue Reserve 3.(A+B)] 9.Assets turnover ratio [F1 to (A+B)] 5.825) 163.664 0 298.633 0 0 0 43.216 - - - - 88.Current Liabilities (C1+C2) 1.006.133 2.935 0 103.757 1.Total fixed liabilities (D1+D3) 3.80 -8.674 (40.Long term unsecured loans 3.Long term investments 7.Depreciation for the year 5.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Total value of bonus shares issued 11.674 0 (180.998 0 0 533.270 0 164.813 14 6. Subscribed & Paid up capital i). administrative and other expenses i).717.148) 0 0 0 - - - - 18.26 0.169 0 83.Short term investments 5.105 0 2.00 875.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.38 0.701 1.739 219.100 460.Miscellaneous 1.365) 1.961 188.742 207.753 443 1.Preference shares 2.439 0 53.000 460.965 717.16 -3.11 -12.00 - - - - -19.Retention in business (F7-F8-F9) 4.658 717.979 229.402 517./share) [(F7-F8)/No.182 246.04 - - 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.Operating cash flow to debt ratio [F11 to (C+D)] 16.20 0.00 86.35 0.26 0.Administrative and other expenses 5.40 1.645 918.49 20.610) 368.421 136.349 10.16 0.349 (43.88 -292.861 0 0 (550.483 299.Long term secured loans 2.886 0 679.464) 20.401 23.25 .801 603.01 2.349 0 0 0 0 - - - - 0 0 0 0 1.777 0 0 0 22.General.623 534.265 0 0 0 43.31 0.483 0 0 0 0 638.Financial Statement Analysis of Non Financial Sector 2010 Globe Textile Mills Ltd.Earning per share after tax (Rs.815 76.108 40.Ordinary Shares ii). shares] 17.95 0.35 0.307 828.418 322.730. shares) 62 - - 0.256 28.614 70.762) 163.985 (22.Cost of material ii).166.498 45.Trade Debt as % of sales (B3 as % of F1) 4.664 0 329.674 (16.Shareholders Equity (E1+E2+E3) 1.Financial expenses as % of sales (F6 as % of F1) 3.32 0.160 0 678.48 -2.118 219.15 40.341 20.289) 163.504 336.91 -73.894 0 7.845 537.674 492.00 -6.207 163.402 343.721 163.749 339.391 0 103.871 163.188 367.Intangible assets 6.175 0 82.174 11 0 (30.033 749.718 419.Contractual Liabilities (G2+C1) H.Other current assets C.276 492.267 0 (552. E) 10.880 0 482.41 - - - 0.00 -1.497 0 214.32 1.885 10.15 0.616 0 0 837.Salaries.16 14.209 0 83.Net profit margin (F7 as % of F1) 15.08 18.693 591.252) 2.280 0 (30.Operating fixed assets after deducting accumulated depreciation 4.481 32.Inventory Turnover Ratio (F1 to B2) 13.00 0.Other non-current assets B.Cash flows from operations - - - - 28.591) 0 0.526) 13.

693 - - - - 18.232 - - - - 192. E) 10.069 488 224.443 5.15 1.00 1.04 0.921 39.045 60.633 2.861 2.802 13.Inventory Turnover Ratio (F1 to B2) 13.167 46.634.069 23.Dividend cover ratio [(F7-F8) to F9] 12.899 0 791.122 125.11 0.443 97.296 536.292 41. Items A.88 0.930 161.958 912.736 609.691 13.Contractual Liabilities (G2+C1) H.834 62.202 1.02 1. wages and employee benefits 6.021 60.021 468.351 1.63 1.899 930.040 392.760.972 70.000 0 213.Cost of material ii).924 35.07 0.67 17.553 571.088.64 0.00 -27.296 234.211 508.356 246.165 404.07 0.Net profit margin (F7 as % of F1) 15.Salaries.46 2.Capital work in progress 2.Operating cash flow to debt ratio [F11 to (C+D)] 16.49 3.276 419.66 -27.509) F.774 961.395 467.625.Ordinary Shares ii).478 15.22 17.Preference shares 2.Other non-current liabilities E.03 0.000 508.000 0 134.37 5.123 508.000 323.573 - - - - 168.Reserves i).384 - - - - 72.58 - - - - 3.Debentures/TFCs 4.315 168.232 0 0 22.456 2.727 343.Other current assets C.113 185.207 66.435 1.165 404.696 13.693 46.363.968.40 0.42 -27.416.624.16 -21.820 46.553 44.000 316.196 21.Return on capital employed ( F7 as % of avg.Break-up value shares (Rs.820 111.259 626.889 578.Short term Secured loans 2.705 396.000 323.997 0 (299.97 85.30 -0.02 88.61 0.Cost of goods sold to sales (F2 as % of F1) 7.845 773.75 2.397 54.202 383.045 60.52 0.019 134.32 23.218 129.07 3.012 246.49 3.650 87.Gross Profit 4.517 1.25 37.Cost of sales i).754 419.000 0 - - - - 172.87 13.570 0 16.36 9.008.Long term unsecured loans 3.272 - - - - 742.207 185.000 593.677.Miscellaneous 1. G1) 11.375 90.365 1.209 0 659.908 2.485.29 -75.939 0 0 (288.96 79.997 0 (299.Total value of bonus shares issued 11.36 58.370 363.Acid test or quick ratio[(B1+B3+B4) to C] 2.Cash flows from operations - - - - 13.801.81 0.921 571.424 315.26 29.Revenue Reserve 3.Depreciation for the year 5.629 1.660 438.424 24.09 8.Retention in business (F7-F8-F9) 4.693 2.779 622.067.Sales i).246 734.80 85.000 (288.136 195.202 2.290 117.636 0 12.Debt equity ratio [(C+D) to E] 8.Other input cost 3.573 110.621 0 10.489.435 571.54 2.66 15.(A+B)] 9.Issued.Trade Debt 4.424 468.034 41.657 161.52 0.67 11.547 18.42 .721 139.80 -90.000 986.02 58.946 67.939 0 0 - - - - 174.721 37.440 930.29 31.47 0.97 2.Net profit before tax 8.653 1.Employees benefit obligations 5.267 2.75 - - - - 40.611.Tax provision (current year) 9. of Ord.Current ratio (B to C) 6.Return on assets [F7 as % of avg.957 38.Earning per share after tax (Rs. shares] 17.067.Total amount of dividend 10.615 100.259 562.07 4.345 134.General.069 573.813 2.561.139 1.360 2.Inventories 3.Cash & bank balance 2.149 383.Shareholders Equity (E1+E2+E3) 1.012 63.907 770.475 9.111 2.78 0.130 562.553 44.569 653.27 9.20 6.25 37.209 100.Long term secured loans 2./share) [(F7-F8)/No.533 3.Other current liabilities D.058.16 -22.Current Liabilities (C1+C2) 1.Trade Debt as % of sales (B3 as % of F1) 4.908 0 0 0 0 - - - - 0 178.382 37.54 2.905.738.958.Total fixed liabilities (D1+D3) 3.Intangible assets 6.208 1.204 332.044 560.Operating fixed assets at cost 3.914 999.033 69.00 -27.87 4.869) 493.646 100.678 0 252.384 1.12 2.073.00 8.863 578.372 0 574.Operation: 1.Capital Reserve ii).Current Assets (B1+B2+B3+B4+B5) 1. administrative and other expenses i).735 51.569 10.Financial expenses as % of sales (F6 as % of F1) 3.858 2.221 1.524 31.79 0.079 473.686 2.715 0 225.79 0.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Selling & distribution expenses ii).399 144.23 12.247 493.487 1.26 29.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Total capital employed (E+D) 2.553 1.930) 10.691 773.825 84.Return of equity (F7 as % of avg.820 46.535 160.892 609.Key Performance Indicators 1.384.042 192.706 540.92 1.986.573 110.864 172.16 3.854 562.83 0.703.54 1.748.Administrative and other expenses 5.24 0.610 184.781 313.Assets turnover ratio [F1 to (A+B)] 5.48 -89.Other non-current assets B.98 79.276 1.59 7.Financial Statement Analysis of Non Financial Sector 2010 Gulistan Spinning Mills Ltd.757.042 (127.46 0.37 4.246 734.657 69.820 0 0 0 0 250.685 1.15 4.840 413.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 392.000 0 213.26 -61. Subscribed & Paid up capital i).290 117.Financial expenses of which: (i) Interest expenses 7.220 439.555 0.75 0. shares) 63 - - - - - 1.33 3.685 999.784 26.204 332. of Ord.374 459.222 571./share) (E/No.03 2.35 1.881 406.613.87 13.478 502.019 22.80 85.49 3.889 19.116 62.930) 10.00 1.165 G.875 2.43 1.04 7.372 1.573 110.424 60.052 966.649 990 2.658 0 13.790 2.Export Sales (Net) 2.646 100.736 243.615 110.774 383.399 144.545 23.869) 493.958 912.953 69.000 0 250.41 0.521 37.57 10.Local sales (Net) ii).11 1.Operating fixed assets after deducting accumulated depreciation 4.887 30.Short term investments 5.202 961.678.Long term investments 7.Non-Current Assets (A1+A3+A5+A6+A7) 1.554.167 154.693 154.837 485.169 66.247 493.485 67.825.169 243.22 14.000 0 216.

133 363.66 23.59 19.669.168.428.66 1.943 2.809 5.326.512.884 359.361 350.00 2.502.688 5.09 1.402.691 1.914.476.279 824.741.266 135.821 2.004 - - - - 708.134 2.Total value of bonus shares issued 11.075 3.689 4.358.318 3.Debentures/TFCs 4.779 2.123 1.504.26 2.Local sales (Net) ii).Operating cash flow to debt ratio [F11 to (C+D)] 16.671 G.651.Gross Profit 4.Key Performance Indicators 0.268 58.724 5.474 1.813 57.460.380.610 2.419 189.279.862.055 224.370 1.499.765 38.000.710 0 3.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 1.513.Trade Debt as % of sales (B3 as % of F1) 4.563 18.150.974 896. wages and employee benefits 6.328 3.361 86.400 841.20 18.94 0.260 350.402 4.983 511.10 89.656.984 0 302.150.Export Sales (Net) 2.Long term unsecured loans 3.37 0.413 568.581 2.678 2.Other non-current assets B.063 992.82 1.215 147.Cost of goods sold to sales (F2 as % of F1) 7.259.335 401.983 107.(A+B)] 9.53 -0.593 12.98 5.803 629.335 9.499 379.23 85.273.573.97 2.900.823 - - - - 275.474 15.Return of equity (F7 as % of avg.34 13.280.Break-up value shares (Rs.518.780.716.471 2.Short term investments 5.347 4.Acid test or quick ratio[(B1+B3+B4) to C] 2. of Ord.362. shares) 64 0.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.938 145.976.Shareholders Equity (E1+E2+E3) 1.002 1.Earning per share after tax (Rs.Debt equity ratio [(C+D) to E] 8./share) [(F7-F8)/No.735.080 1.32 11.383 2.100.Financial expenses of which: (i) Interest expenses 7.278 5.52 169.Retention in business (F7-F8-F9) 4.518 3.828 56.Issued.540 0 2.704.81 1.449.616 132.377 3.92 0.553 511.379 233.04 82.243 0 0 0 0 - - - - 0 1.872.609 56.48 3.447 21.65 1.589 1.84 4.082.54 2.54 10.91 170.278 - - - - 70.89 - - - - 2.Contractual Liabilities (G2+C1) H.064 5.Current Assets (B1+B2+B3+B4+B5) 1.258 (1.116 F.413 136.Net profit before tax 8.27 12.821 3.691 1.636 150.839 0 2.293 728.Cost of sales i).298 52.924 132.96 80.411.063 379.521 5.773 - - - - 172.00 5.593 1.04 13.071.845 55.92 1.273.Return on assets [F7 as % of avg.57 0.67 1.Other non-current liabilities E.Inventory Turnover Ratio (F1 to B2) 13.66 0.380.886 4.94 2.459 1.654.69 0.Dividend cover ratio [(F7-F8) to F9] 12.487 356.Inventories 3.045 878.42 2.Non-Current Assets (A1+A3+A5+A6+A7) 1.651.Administrative and other expenses 5.197.080. administrative and other expenses i).182 5.024 5.925 0 0 0 0 0 0 0 - - - - 595.476.63 1.024 3.713 154. Subscribed & Paid up capital i).28 20.488.31 1.705.04 0.626 0 0 124.803 1.633 172.284.21 15.Financial expenses as % of sales (F6 as % of F1) 3.756.Miscellaneous 1.106 1.593 - - - - 2.04 19.729 49.255 867.780.Operating fixed assets after deducting accumulated depreciation 4.General.83 1.451 569.591 3.Operating fixed assets at cost 3.100.360 2.Trade Debt 4.60 0.669 34.113 97.116 3.696 832.82 1.447 1.658.433 0 1.Preference shares 2.531 647.640 3.348 629.71 9.Current Liabilities (C1+C2) 1.660.553 2.034.Selling & distribution expenses ii).74 .654 145.Sales i).151 18.Operation: 1.31 5.839 126.28 1.978.91 0.806 2.983 3.76 1.479.85 0.710 3.298 243.953 3.456 756.38 4.532.451 169.661 0 78.897.71 145.417.Other current assets C.002 88.126.71 0.380.414.660.197.245.606 0 98.00 6.Total amount of dividend 10.768 42.Other current liabilities D.83 6.87 22.581 0 1.533 5.108 - - - - 290. E) 10.Cash flows from operations - - - - 56.672 2.371.580 146.Total fixed liabilities (D1+D3) 3.284 126.88 8.90 2.844 1.680 0 13.778 4.11 157.00 4.978.068.333.81 144.50 84.333 1.457 0 36.270.Reserves i).613 876.877.455 189.440 2.666 6.Cost of material ii).179 3.68 0.686 382.080.255 50.239 724.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.540 2.678 0 2.Other input cost 3.779 0 414.800.Assets turnover ratio [F1 to (A+B)] 5. shares] 17.914 359.828.925 45.625 1.44 6.667 1.84 0.59 - - - - 2.394 106.970 52.680.098.Intangible assets 6.704 3.Capital work in progress 2.093.36 84.09 - - - - 180.708 160.069 1.518 2.280.949 3.Ordinary Shares ii).28 0.899 4.293 50.479.Capital Reserve ii).914 154. Items A.96 3.946 0 2.83 1.Return on capital employed ( F7 as % of avg.47 1.360 0 941.294 5.55 1.517.659 2.202.266 1.Long term investments 7.596.907 169.603.952.84 0.761 311.33 1.461 4.35 0.047.377 89.10 0.680.643 95.562 1.809 62.854.755 95.867 1.542 27.Short term Secured loans 2.Employees benefit obligations 5.365 1.Net profit margin (F7 as % of F1) 15.161.238.524.313 160.983 3.293 3.137 3.Tax provision (current year) 9.97 4.137 0 323.389 724.32 2.202.914 201.242 0 112.372 3.609 4.37 86. of Ord.18 0.732.93 1.987 79.77 9.03 0.Long term secured loans 2.080 1.426.157 1.137.193 1.791 679.459 772.694 4.477 0 97.761 841.811 3.022 708.03 2.659.756 1.837 15.Revenue Reserve 3. G1) 11.402 28.Salaries.086.662 2.348 1.749 2.46 0.355 535.765./share) (E/No.824 136.353 0.914 736.543 0 17.002 1.946 2.146 7.407.293 4.190.236.72 4.715) 1.843 2.524.Total capital employed (E+D) 2.249.Cash & bank balance 2.575.29 1.275 2.893 648.Depreciation for the year 5.Current ratio (B to C) 6.290 3.Financial Statement Analysis of Non Financial Sector 2010 Gulistan Textile Mills Ltd.891.601 33.518 140.379 26.045 756.42 1.536 2.

90 4.939 488 224.633 2.881 1.485.926 1.150 0 778.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 1.970 1.805.28 11.487.67 3.92 1.043.Selling & distribution expenses ii).850 1.298 1.26 0.70 1.57 10.972 70.51 2.70 0.557.372 0 574.49 3.490 105.383.59 0.500 0 757.924 35.47 0.930 161.22 14.572 9.862 23.582 645.779 622.Gross Profit 4.615 592.Other current liabilities D.738.779 2.629 1.75 - - - - 100.554.892 1.443.Break-up value shares (Rs.997 13.116 88.Intangible assets 6.656 1.329 89.422 108.384.022 1.691 24.338.Cash flows from operations - - - - 40.32 2.29 3.677.777 1.691 315.07 0.658.051 2.112 1.367 393.373.837 1.997 754.079 - - - - 168.73 1.308.624.345 134.422 1.649 990 2.169 66.Long term investments 7.855 105.372 1.003.232 1.Trade Debt 4.611.547.Inventory Turnover Ratio (F1 to B2) 13.149 383. Subscribed & Paid up capital i).221 1.360 2. Items A.45 18.250.500 917.157.456 2.232 - - - - 192.Cost of material ii).144 153.03 85.Issued.51 69.825.772 1.106 200.820 111.019 22.Employees benefit obligations 5.98 79.589.272 1.122 125.00 3.370 363.92 1.250.389 15.464.395 467.031 345.292 0 0 62.302.140.Current Liabilities (C1+C2) 1.83 1.116 62.Operation: 1.146 792.315 168.09 63.242 126.478 15.913 670.561.47 0.690 2.079 473.825 84.477 2.206.487 1.190 161.Other current assets C.66 15.416.78 6.479 405.762 126.49 1.043 2.30 -0.668 1. E) 10.Long term secured loans 2./share) (E/No. of Ord.678 0 252.426 1.292 41.Long term unsecured loans 3.908 0 0 307 153 - - - - 0 178.479 95.958.507 139.207 66.06 81.180.073.233.Shareholders Equity (E1+E2+E3) 1.365 1.460 126.915 - - - - 174.569 653.Operating fixed assets at cost 3.547 18.00 0.960 139.31 11.790 2.045 14.36 58.56 0.735 158.426 253.96 79.950 - - - - 42.Administrative and other expenses 5.139 1.13 3.20 1.Net profit margin (F7 as % of F1) 15.533 3.62 65.98 0.736 1.09 7.73 1.715 0 225.58 - - - - 2.093 1.584 40.04 7.540.690 1.Sales i).388 106.858 2.875 2.044 1.363.582 773.986.296 611.Ordinary Shares ii).83 0.481.Other input cost 3.Return on capital employed ( F7 as % of avg.16 3.Cost of goods sold to sales (F2 as % of F1) 7.64 1.493 220.Short term investments 5.Acid test or quick ratio[(B1+B3+B4) to C] 2.Short term Secured loans 2.111 2.834 62.267 2.653 0 8.347 1.635 903.478 502.102 1.823 1.473 74.Reserves i).210.859 20.757.Contractual Liabilities (G2+C1) H.Earning per share after tax (Rs.Financial expenses as % of sales (F6 as % of F1) 3.569 26.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.146 592. of Ord.Cash & bank balance 2.115 1.61 0.079 68.500 884.521 37.711 2.220 439.40 0.346.653.351 1.05 18.405 397.Current ratio (B to C) 6.555 0.337 87.850 71.887 21.63 4.88 0.02 1.58 0.47 18.00 2.23 12.Dividend cover ratio [(F7-F8) to F9] 12.37 4.742 126.357 153.22 17.968.913 107.206.760.Revenue Reserve 3.24 - - - - 2.208 1.Trade Debt as % of sales (B3 as % of F1) 4.488 0 59.Operating fixed assets after deducting accumulated depreciation 4.02 2.272 - - - - 2.837 485.Assets turnover ratio [F1 to (A+B)] 5.801.489.Local sales (Net) ii).304.795 118.638 1.Total capital employed (E+D) 2.169 243.Operating cash flow to debt ratio [F11 to (C+D)] 16.836 298.348 127.02 0.26 6.53 0.003 201.59 7.455 630.615 2.625 0 12.33 3.375 2.75 1.64 2.703.570 0 16.146 1.748.General.209 126.908 2.00 0.103 466.Debentures/TFCs 4.065 0 812.79 7.(A+B)] 9. administrative and other expenses i).625.634.Capital work in progress 2.428 206.43 1.081 1.686 2.865 643.Other non-current assets B. wages and employee benefits 6.042 (127.000 508.Tax provision (current year) 9.604.Key Performance Indicators 0.678.Total value of bonus shares issued 11.008.952 1.524 31.Debt equity ratio [(C+D) to E] 8.61 1.159.813 2.62 48.11 1.861 2.905.065 986.35 0.855 350.44 0.042 0 44.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.088.706 540.701 G.96 17.787 129./share) [(F7-F8)/No.091 0 13.Return on assets [F7 as % of avg.Salaries.15 1.Total fixed liabilities (D1+D3) 3.837 815. G1) 11.48 2.164.Inventories 3.38 8.00 3.03 89.595 180. shares) 65 0.779 1.907 770.420 1.662 370.360.006.02 58.22 1.736 243.487.728 9.443.034 41.Cost of sales i).946 67.Miscellaneous 1.042 192.94 2.96 82.653 1.463.802 13.069 1.654.650 28.284 1.835 0 47.823 2.055 - - - - 177.727 343.05 .94 2.Net profit before tax 8.071 1.98 3.031 87.Capital Reserve ii).Preference shares 2.67 17.784 26.Other non-current liabilities E.950 2.443 97.500 0 484.233.509) F.89 3.926.346.374 459.000 0 250.Retention in business (F7-F8-F9) 4.244 645.207 185.613.000 0 - - - - 502.610 184.Export Sales (Net) 2.739 1.862 0 0 0 250.545.567 1.820 127.705 936.82 0.842 1.Total amount of dividend 10.113 185.159.Non-Current Assets (A1+A3+A5+A6+A7) 1.Financial expenses of which: (i) Interest expenses 7.209 0 659.582 466.394 1.535 160.77 1.959.058.957 38.Financial Statement Analysis of Non Financial Sector 2010 Gulshan Spinning Mills Ltd.237 1.000 593.Depreciation for the year 5.Return of equity (F7 as % of avg.858 95.241.019 134.072 2.530.Current Assets (B1+B2+B3+B4+B5) 1.660 438.483 229. shares] 17.150 965.040 1.

810) - - 12.00 0.Cost of material ii).489 F.14 0.690 0 171.Administrative and other expenses 5.Ordinary Shares ii).791 91.277 0 82.Return on capital employed ( F7 as % of avg. E) 10.260 0 3.Financial expenses of which: (i) Interest expenses 7.Long term investments 7.722 0 463 0 482 0 (108.260 3.Cost of goods sold to sales (F2 as % of F1) 7.Operating cash flow to debt ratio [F11 to (C+D)] 16.Total value of bonus shares issued 11.726) 0 (103. shares) 66 - - - - -1.Cash & bank balance 2.411 0 0 0 0 0 0 0 4.Other current assets C./share) [(F7-F8)/No.Contractual Liabilities (G2+C1) H.950) - 18.Tax provision (current year) 9.740 7.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.00 0. Items A.321 90.481 75.Net profit before tax 8.06 1.Short term investments 5.Debentures/TFCs 4.552 (7.Local sales (Net) ii).Non-Current Assets (A1+A3+A5+A6+A7) 1.Trade Debt 4.Operation: 1.49 -0.Export Sales (Net) 2.Long term secured loans 2.100 0 0 0 0 0 0 0 (481.714 88.07 0.680 86.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 - - 92.249.Selling & distribution expenses ii).Other current liabilities D.962 775 0 0 6.Assets turnover ratio [F1 to (A+B)] 5.640 0 589 0 779 76.Inventory Turnover Ratio (F1 to B2) 13.88 0.Key Performance Indicators 1.25 0.Intangible assets 6.726) 94.358 92.581 171.Other non-current liabilities E.249 83.Inventories 3.321 91. G1) 11.Acid test or quick ratio[(B1+B3+B4) to C] 2.Gross Profit 4.Capital Reserve ii).121 0 4.66 1.705 0 172.19 -1.Dividend cover ratio [(F7-F8) to F9] 12.Total amount of dividend 10.Capital work in progress 2.849 90.Other non-current assets B.000 1.997 1.Break-up value shares (Rs.Sales i).025 0 5.02 0.806 0 0 - - 0 0 0 0 2. administrative and other expenses i).754 2.Financial Statement Analysis of Non Financial Sector 2010 Hafiz Textile Mills Ltd.594 0 233 75.Operating fixed assets at cost 3.33 0.00 0.162) 12./share) (E/No.000 12.162) 12.071) 0 (108.756 102.07 0.Earning per share after tax (Rs.44 -1.00 0.374 - - 469 236 0 0 1. wages and employee benefits 6.04 0.Debt equity ratio [(C+D) to E] 8.286) 12.19 -90.374 0 0 0 0 0 0 0 4.51 - - -0.Retention in business (F7-F8-F9) 4.Shareholders Equity (E1+E2+E3) 1.Issued.Miscellaneous 1.598 0 484.Long term unsecured loans 3.Total fixed liabilities (D1+D3) 3.Reserves i).646 0 0 0 0 0 0 0 0 - - 0 4.204 - - 0 0 - - - - - 126.Return of equity (F7 as % of avg.Cost of sales i).Operating fixed assets after deducting accumulated depreciation 4.Net profit margin (F7 as % of F1) 15.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.810) 0 907 0 85.Revenue Reserve 3. Subscribed & Paid up capital i).76 -6.000 0 (108.124 0 3.249 0 929 126.Employees benefit obligations 5.624 0 85.321 1.60 .17 0.376 216 725 394 2.366 0 983 0 3.Other input cost 3.52 7.Cash flows from operations - - 4.62 5.95 20.920 12.65 - - -71.52 -13.552 102.411 0 4.810) 12.76 -158.150 88.32 1.87 7. of Ord.General.000 (7.Return on assets [F7 as % of avg. shares] 17.Trade Debt as % of sales (B3 as % of F1) 4.07 2.150 1.43 2.121 630 15 0 3.00 0.77 4.189 665 900 0 (56.785 93.Short term Secured loans 2.Current Assets (B1+B2+B3+B4+B5) 1.128 221 0 0 - - 621 20 0 7.Depreciation for the year 5.000 0 (103.000 0 (120.562) 1 1.Preference shares 2.454 0 5.(A+B)] 9.000 0 (19.01 0.071) 12.92 47.08 18.36 - - - - 0.849 92.Current ratio (B to C) 6.00 0.Current Liabilities (C1+C2) 1. of Ord.680 0 7.11 4.025 0 5.47 - - 0 10 G.756 0 0 0 86.997 - - 170.Salaries.Financial expenses as % of sales (F6 as % of F1) 3.000 (1.188 0 - 6.Total capital employed (E+D) 2.

216 0 - - - - 16.796 221.433 64.Current Liabilities (C1+C2) 1.713 21.88 -9.73 101.Shareholders Equity (E1+E2+E3) 1.Other non-current assets B.750 141.355 0 (35.13 2.229 26.762 210.Local sales (Net) ii).70 0.378 40.679 101.46 21.54 3.206 3.Retention in business (F7-F8-F9) 4.750 0 (49.439 14.58 6.94 -0.580 0 1.431 10.94 11.Non-Current Assets (A1+A3+A5+A6+A7) 1. wages and employee benefits 6.606 173.Net profit before tax 8.131 31.43 1.92 -7.438 12.072 119.614 6.Debentures/TFCs 4.296 20. shares) 67 - - - - - 5.142 611 43.420 27.49 9.839 70.418 70.Contractual Liabilities (G2+C1) H.366 46.678 (660) 2.24 0.17 13.38 0.526 161.539 9.645 1.97 2.Assets turnover ratio [F1 to (A+B)] 5.044 204.792 174.750 0 54.200 135 665 3.90 4.53 6.779 16.Operating fixed assets at cost 3.409 2.11 10.476 - - - - 11.00 -2.750 125.588 148.750 0 22.851 151.896 119.963 (5.Cost of goods sold to sales (F2 as % of F1) 7.878 0 6.67 15.00 0.779 0 46.516 0 13.Revenue Reserve 3.03 -4.316) 119.046 21.295 93.825 40.796 12.Total amount of dividend 10.Financial expenses of which: (i) Interest expenses 7.759 0 1.322 119.Long term unsecured loans 3.262 F.330 0 253.24 0.685 8.94 0.900 0 27.47 2.157 99.149 625.32 -20.467 743 26.47 -0.266) 73.504 70.96 96.613 12.Cash flows from operations - - - - 6.Earning per share after tax (Rs.04 -7.971 101.Long term secured loans 2.47 0.750 99.591 611 46.73 1.56 112.Current ratio (B to C) 6.520 32.Selling & distribution expenses ii).03 -0.18 0.76 0.853 3.391 604.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 176.037 144./share) (E/No.900 60.296 14.283 79.19 8. administrative and other expenses i).348 0 36.68 0.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Gross Profit 4.779 45.Short term investments 5.724 433 1.Total fixed liabilities (D1+D3) 3. shares] 17.Acid test or quick ratio[(B1+B3+B4) to C] 2.58 1.727 144.16 -14.480 160.Return on assets [F7 as % of avg.792 0 50.963 32.08 1.017) 80.Trade Debt 4.10 -4.Capital work in progress 2.38 3.480 211. G1) 11.884 188.120 334.39 0.Inventories 3.308 205.Administrative and other expenses 5.048 1.343 620 1.910) 353 0 0 - - - - 2.75 -19.08 0.Export Sales (Net) 2.Trade Debt as % of sales (B3 as % of F1) 4. of Ord.830 167.673 20.070 21.759 2.119 129.186 162.06 -1.963 (13.96 -2.Other current liabilities D.126 0 0 (33.92 14.757 (5.322) 139 0 0 4.Debt equity ratio [(C+D) to E] 8.Employees benefit obligations 5.60 5.295 520.Preference shares 2.962 265.750 128.792 0 51.901 366.50 -13.Sales i).295 3.229 - - - - 32.697 8.621 18.691) 1.900 27.921 62.16 14.225 - - - - 278.751 38.333 14.00 0.365 209.15 1. of Ord.Dividend cover ratio [(F7-F8) to F9] 12.491 367.593 27.204 1.440 9.General.Total value of bonus shares issued 11.Inventory Turnover Ratio (F1 to B2) 13.74 93.529 26.697 45.Other input cost 3.Depreciation for the year 5.00 -1.74 0.Total capital employed (E+D) 2.Short term Secured loans 2.040 367.51 15.07 102.24 0.207 354. E) 10.54 -32.904 104.Issued.423 10.91 0.791 119.988 31.75 1.09 -12.11 0.989 105.569 0 20.12 30.742 32.972) 4.73 1.606 177.19 -2.504 0 79.017 57.138) 0 (49.Capital Reserve ii).146 - - - - 119.46 10.750 0 (54.44 1.(A+B)] 9.941 53.44 0.277 248.792 150.651 58 2.48 35.673 218.697 - - - - 5.42 -19.545 0 13.Ordinary Shares ii).376 199 13.741 211.724 0 9.45 0.457 70.Return on capital employed ( F7 as % of avg.Cost of material ii).538 12.702 (8.Intangible assets 6.873 21.92 0.963 0 0 0 0 14.36 -28.736 80.Net profit margin (F7 as % of F1) 15.Operating cash flow to debt ratio [F11 to (C+D)] 16.583 99.Cash & bank balance 2.741 5.127 14.368 221.913 31.320 195.702 4.99 96.256 222.03 1. Items A.231 162.501 0 0 0 - - - - 0 0 0 0 214.Break-up value shares (Rs.962 9.76 58./share) [(F7-F8)/No.Miscellaneous 1.66 0.761 31.00 0.Operating fixed assets after deducting accumulated depreciation 4.888 0.491 16.Long term investments 7.621 215 22.365 99.320 59.491 0 250.622 4.58 0.Current Assets (B1+B2+B3+B4+B5) 1.07 0.Operation: 1.266) 0 0 0 7.73 - - - - 1.74 98.423 66.49 0.98 0.Financial Statement Analysis of Non Financial Sector 2010 Haji Mohammad Ismail Mills Ltd.451 119.Tax provision (current year) 9.53 29.Other non-current liabilities E.087 16.316) 0 (54.02 -9.Financial expenses as % of sales (F6 as % of F1) 3.930 0 14.971 6.77 - - - - 705 3.138) 60.Cost of sales i).925 121.143 218.498 247.Return of equity (F7 as % of avg.34 15.96 0.253 G.280 125.283 21.Key Performance Indicators 1.852 787 28.531 289.Other current assets C.613 17. Subscribed & Paid up capital i).326 0 0 (22.461) 73.85 .280 163.517 0 (23.Reserves i).513 119.263) 46.456 3.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Salaries.750 (13.

07 -3.Current ratio (B to C) 6.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.766 10.95 0.605 169.61 0.822 1.08 0.365 665.63 -13.38 -4.43 0.Trade Debt 4.956 34.276 525.55 -6.Tax provision (current year) 9.02 1.795 578.014 86.41 0. wages and employee benefits 6.004) 137.67 -481.532) - - - - (19.283 1.15 17.605 34.583 519.Assets turnover ratio [F1 to (A+B)] 5.783 (2.119 0 166.Export Sales (Net) 2.49 -49.26 4.02 2.370 1.21 -1.741 563.226 25.103) 37.073 776.63 1.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.773) 137.474 522.613 0 (46.Capital Reserve ii).45 1.(A+B)] 9. shares] 17.003 G.328) 26.44 -63.851 130.18 -0.393 9.520 5 53.500 0 (201.563 0 992.Return on assets [F7 as % of avg.062) 137.409 22.49 0.308 3.113 3 45.08 1.459 721.Shareholders Equity (E1+E2+E3) 1.797 0.81 - - - - - - 6.613 504.346) 249.Dividend cover ratio [(F7-F8) to F9] 12.938 320.00 -3.Current Assets (B1+B2+B3+B4+B5) 1.374) - - - - 137.067 35.467 433.148 29.Total fixed liabilities (D1+D3) 3.78 101.964 22.563 1.Non-Current Assets (A1+A3+A5+A6+A7) 1.391 15.510 299.043) 137.970 137.649 0 339.89 -7.65 .42 -10.236 4.77 45.77 0.00 -3.492 507.340 507.16 4.Revenue Reserve 3.02 2.Total capital employed (E+D) 2.240) 299.303) 10.834 131.52 -0.04 1.731 14.467 19.66 98.479 86.539 12.798 1.503 12.75 18.Cash & bank balance 2.164 665.Earning per share after tax (Rs.448 0 - - - - 220.188) 3.193) 5.58 -28.Acid test or quick ratio[(B1+B3+B4) to C] 2.96 0.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 451.893 4.492 0 554.64 1.Employees benefit obligations 5.906 6.14 75.553 0 26.313 (388.029 13.527 566.04 0.742 0 0 0 0 321.149 87.276 18.75 -10.766 15.350 160.692) 10.Debt equity ratio [(C+D) to E] 8.28 99.019 32.05 -5.500 68.09 2.64 -6.551 196.45 -3.879 229.346 547.70 -0.Inventory Turnover Ratio (F1 to B2) 13.01 -2.Net profit before tax 8.160 0 0 0 0 - - - - 0 2 0 2 118.Cost of material ii).Total amount of dividend 10.798 15.683 67.487 168.439) 137.832 762.084 31.993 (27.058 0 155.Intangible assets 6.Ordinary Shares ii).699 24.615) 92.164 0 667.485 776.953 14.698 3.750 49.Operating fixed assets at cost 3.413 0 853.Contractual Liabilities (G2+C1) H. administrative and other expenses i).500 0 (87.06 0.500 0 (377.326 0 0 - - - - 83.Other current liabilities D.68 0.717) 88.011 142.67 24.79 -5.962 508.70 0.073 0 782.94 3.16 11.045 70.605 (79.500 (148. of Ord.12 2.Local sales (Net) ii).02 4.307 299.85 2.106 624.385 4.581 168.311 68.475 0 0 29.Issued.624 169.487 1.64 100.Total value of bonus shares issued 11.80 5.Capital work in progress 2.Long term unsecured loans 3.451 86.Operation: 1.874) 137.Other input cost 3.90 -11.500 (63.General.648 4.346 132.94 -6.Gross Profit 4.Long term investments 7./share) [(F7-F8)/No.895 0 858. G1) 11.510 418.Financial expenses of which: (i) Interest expenses 7.Sales i).Depreciation for the year 5.00 -5.Net profit margin (F7 as % of F1) 15.123 88.492 - - - - 1.453 3. Items A. of Ord.Operating fixed assets after deducting accumulated depreciation 4.514) 86.134 1.605 434.485 F.528 505.06 0.059 30.750 0 (39.59 - - - - -3.741 35.047) 2.35 7.Salaries.Other non-current assets B.37 99.000 91.028) 299.Financial expenses as % of sales (F6 as % of F1) 3.999 74. E) 10.916 0 (21.121 0 0 (69.783 26.26 0.101 433.500 0 (398.Cash flows from operations - - - - 9.514 563.72 10.500 (21.106 0 622.503 449.134 6.37 0.Long term secured loans 2.311 31.417 19.081 52.Current Liabilities (C1+C2) 1.007.028) 0 0 0 (42.Operating cash flow to debt ratio [F11 to (C+D)] 16.27 109.264 70.Return of equity (F7 as % of avg.35 -11.Selling & distribution expenses ii).176 598.551 192.305 724.247 11.51 0.34 -12.527 2.354 - - - - 704.95 8.530) 137.873) 12.308 590.00 1.976 40.Return on capital employed ( F7 as % of avg.54 -5. shares) 68 0.912 404.Cost of sales i).242) 2.Cost of goods sold to sales (F2 as % of F1) 7.801 22.656 196.584) 70.494 27.51 0.583 24.26 100.Administrative and other expenses 5.524 724.595 220.719 (79.577 60.Reserves i).Inventories 3.539 (46.976 12.537 0 0 (43.500 (173.197 537.536 140.05 -2.417 537.696 6./share) (E/No.528 84.Miscellaneous 1.Short term investments 5.500 0 (158.85 -1.667 70.273) 137.504 196.007.345 449.Preference shares 2.98 0.047 0 0 (11.960 169.31 74.60 - - - - 11. Subscribed & Paid up capital i).Retention in business (F7-F8-F9) 4.Financial Statement Analysis of Non Financial Sector 2010 Hajra Textile Mills Ltd.383 0 (71.351 3.313 (408.514 0 562.211 9.Trade Debt as % of sales (B3 as % of F1) 4.055 231.121 624.446 451.Short term Secured loans 2.86 0.Break-up value shares (Rs.210 12.Other current assets C.85 -11.Key Performance Indicators 0.457 7.788 3.82 16.021 - - - - 168.99 0.999 (6.24 -28.21 -157.Debentures/TFCs 4.Other non-current liabilities E.656 460.177 183.742 (32.

49 1.275 66.426 54.250 5.Operating fixed assets after deducting accumulated depreciation 4.23 3.696 31.83 3.901 541 36.00 1.727 21.735 225.Long term secured loans 2.895 247.800 0 (997) 37.13 9.036 114.02 74.800 0 (29.953 375.992 0 0 0 0 9.Current Liabilities (C1+C2) 1.610 68.836 - - - - 3.14 1.Export Sales (Net) 2.Total value of bonus shares issued 11.84 6.18 69 - - - - 5. administrative and other expenses i).265 89.701 76.864 70.140 75.141 37.23 4.895 90.Miscellaneous 1.Short term Secured loans 2.10 26.181 43.615 0 0 10. Items A.800 57.Operating fixed assets at cost 3.991 0 3.693 0.Gross Profit 4.Financial expenses as % of sales (F6 as % of F1) 3.500 1.31 -2.00 84.42 2.Capital Reserve ii).971 3.162 0 0 340 0 - - - - 0 2.522) 86.Key Performance Indicators 0.863 429.391 295.12 -7.434 14.53 0.278 51.528 70.664 20.799 34.97 10.35 1.042 141.140 83.Trade Debt 4.49 2.Cost of goods sold to sales (F2 as % of F1) 7.Long term investments 7.114 189.Non-Current Liabilities (D1+D2+D3+D4+D5) 1./share) (E/No.409 66.137 132.800 0 20.691 76.163 (29.Tax provision (current year) 9.052 353.391 0 0 17.348 4.117 86.87 1.332 39.638 3.328 4.178 199.43 17.217 120.800 70.49 9.807 4.800 0 19.341 37.26 1.099 114.06 83. shares) 6.25 70.508 391.042 14.42 18.230 874 73.Other current liabilities D.419 0 0 (8.Debt equity ratio [(C+D) to E] 8.15 4.Short term investments 5.265 115.830 2.37 1.009 37.145 1.36 .Cost of sales i).005 70.243 37.95 0.832 232.650 59.666 358.52 4.603) 37.153 20.59 5.Other non-current liabilities E.987 181.803 37.721 3.966 94.761 5.981 182.421 72.(A+B)] 9.49 4.00 4.Total capital employed (E+D) 2.804 621 1.142 74.545 21.Operating cash flow to debt ratio [F11 to (C+D)] 16.Net profit before tax 8.591 86.825 348.908 34.796 74.58 10.735 84.265 6.099 620 1.10 5.17 3.768 171.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.818 114.26 - - - - 5.335 1.061 437.588 4.715 9.74 2.800 0 (26.261 6.797 F.28 9.800 69.984 270.044 211.490) 59.96 0.42 4.Depreciation for the year 5.413 38.00 -3.762 175.800 58.82 0.Total fixed liabilities (D1+D3) 3.421 132.763 42./share) [(F7-F8)/No.Ordinary Shares ii).444 6.992 1.185 94.87 78.114 189.800 0 32.Financial Statement Analysis of Non Financial Sector 2010 Hala Enterprises Ltd.Non-Current Assets (A1+A3+A5+A6+A7) 1.General.Inventories 3.Contractual Liabilities (G2+C1) H.144 7.186 454.24 4.598 79.043 37.165 16.56 -1.239 15.850 94.00 1.96 2.44 4.Inventory Turnover Ratio (F1 to B2) 13.328) 3.Sales i).090 20. of Ord.879 115.591 80.72 0.Total amount of dividend 10.Local sales (Net) ii).Preference shares 2.007) 3.65 1.347 192.005 99.Other non-current assets B.624 10.481 0 (12.82 1.704 114.217 259.Selling & distribution expenses ii).59 3.13 4.777 434.800 67.54 1.Assets turnover ratio [F1 to (A+B)] 5.01 1.071 G.Revenue Reserve 3.220 13.939 42.460 1.14 0.197 108.22 2.Current ratio (B to C) 6.Trade Debt as % of sales (B3 as % of F1) 4.Reserves i).085 0 3.51 1.981 109.783 74.Issued.Cost of material ii). wages and employee benefits 6.69 1.095 204.686 28.Dividend cover ratio [(F7-F8) to F9] 12.279 27.590 584.63 6.Return of equity (F7 as % of avg.570 120.002 - - - - 94. G1) 11.850 68.Return on assets [F7 as % of avg.452 120.67 13.82 0.83 4.Cash flows from operations - - - - 70.Operation: 1.252 408.844 1. Subscribed & Paid up capital i).Retention in business (F7-F8-F9) 4.186 - - - - 18.39 1.402 0 - - - - 34.037 0 54.517 7.572 82.18 0.114 0 0 - - - - 67.97 - - - - 7.181 176.Salaries.Financial expenses of which: (i) Interest expenses 7.523 0 69.83 15.57 8.48 0.153 14.020 - - - - 139.561 38.384 0 213.536 365.036 11.151 66.869 45.04 18.378 0 5.70 22. shares] 17.981 121.914 549.09 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.761 120.839 0 16.Net profit margin (F7 as % of F1) 15.868 37.071 34.Other current assets C.445 2.677 0 0 33.15 0.31 15.068 37.800 37.796 95.43 21.408) 4.036 28.241 19.60 13.Other input cost 3.24 0.Capital work in progress 2.99 0. of Ord.94 0.95 7.688 195.Intangible assets 6.573 87.385 92.502 188.Break-up value shares (Rs.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 66.Long term unsecured loans 3.72 -13.275 71.602 19.268 - - - - 37.780 0 8.818 6.097 41.715 1.895 85.561 458.Shareholders Equity (E1+E2+E3) 1.362 170.195 0 1.075 57.89 1.800 2.824 87.15 3.03 76.86 75.022 199.98 11.784 115.79 5.Debentures/TFCs 4.Administrative and other expenses 5.18 1.192 0 204.413 106.Employees benefit obligations 5.Return on capital employed ( F7 as % of avg.Cash & bank balance 2. E) 10.103 103.413 78.25 1.980 85.994 492.344 15.07 2.115 70.Current Assets (B1+B2+B3+B4+B5) 1.36 10.596 (32.901 358.987 126.928 104.929 83.Earning per share after tax (Rs.

646 68.Tax provision (current year) 9.Retention in business (F7-F8-F9) 4.67 0.499) 19.Debt equity ratio [(C+D) to E] 8.16 -15.Net profit before tax 8.02 0.716 132.848) 20.Ordinary Shares ii).195 374.37 -8.427 127.682 39.070 1.39 5.716 132.83 -30.392) 0 (456.716 0 (456.098) 0 2.60 1.29 100.895 0 0 - - - - 30.182 483 38 791 791 620 2.832 13.469 68.General.090 11.Gross Profit 4.00 -1.20 5.640 0.293) 132.23 7.063 197.853 (742) 12.Trade Debt 4.631 392.659 47.Local sales (Net) ii).160 502.67 8.745 21.Financial expenses as % of sales (F6 as % of F1) 3.328 0 36.125 144.768 258.859 244. Items A.167 - - - - (20.Inventory Turnover Ratio (F1 to B2) 13.Other non-current assets B.77 -51.600 8.555 186.Break-up value shares (Rs.23 7. of Ord.678 18.Inventories 3.398 0 0 (17.01 -1.044 56.716 0 (442.36 -4.22 -6.784 0 (22.71 4.432 1.481 0 (19.75 -2.530 0 22.47 1.916 12.512) 132.640 4.425 0 77. shares] 17.97 0.167 (2.931 G. wages and employee benefits 6.(A+B)] 9.Earning per share after tax (Rs.16 22.Capital work in progress 2.640 294. administrative and other expenses i).830 19.07 3.716 0 (107.887 153.675 213.675 258.Issued.331) 108.Financial expenses of which: (i) Interest expenses 7.Cash flows from operations - - - - 7.55 96.496 191.Preference shares 2.Miscellaneous 1.799 0 0 0 0 - - - - 0 0 0 0 126.515 (18.Return on capital employed ( F7 as % of avg.77 7.167 250.91 -5.984 20.716 0 (344.12 4.061.827 12.541) 1.Debentures/TFCs 4.716 (211.745 (172.252 15.935 367.Revenue Reserve 3.Depreciation for the year 5.63 -1.499) 19.117 82.129 252.745 502.653 213.142 0 5.Assets turnover ratio [F1 to (A+B)] 5.37 -13.951 0 0 4.Other current assets C.414 147. G1) 11.14 -4.Long term investments 7.Current Liabilities (C1+C2) 1.716 24.984 76.195 166.175 127.Selling & distribution expenses ii).160 (172.89 0.886 0 39.933) 1.88 1.991 380.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Long term unsecured loans 3.96 6.868 132.935 367.26 100.902 14.06 -0.079 12.103 383.799 9.958 380.604 0 (211.Other non-current liabilities E.195 42.Shareholders Equity (E1+E2+E3) 1.692 19.469 12.659 267.009) - - - - 132.142 0 272.Cost of goods sold to sales (F2 as % of F1) 7.515 39.164) F.Operating fixed assets at cost 3.Key Performance Indicators 1.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 225.995 70.Total capital employed (E+D) 2.Operating cash flow to debt ratio [F11 to (C+D)] 16.79 0.07 0.93 -2.55 1.005 - - - - 0 0 0 0 - - - - 56.Short term Secured loans 2.15 0.555 197.966 132.Operation: 1.Intangible assets 6.56 1.916 156.775 70.750) 132.733 108.716 0 (89.745 249.Return of equity (F7 as % of avg./share) (E/No.429 15.96 -0.Net profit margin (F7 as % of F1) 15.44 9.27 - - - - -6.473 294.498 324.Contractual Liabilities (G2+C1) H.23 -4.39 5.25 0.655 34.701 10.642) 0 (442.26 100.777 197.903 16.827 0 32.434 380.92 0.36 0.177) 132.916 48.916 12.16 34.46 0.427 127.Employees benefit obligations 5.869 (16.00 -1.689 73.255 0 326.107 0 18.909 99.52 0.66 -2. shares) 70 - - - - - - 4.413 132.660 618 0 0 100.55 1.861 375.01 0.Trade Debt as % of sales (B3 as % of F1) 4.32 108.Non-Current Assets (A1+A3+A5+A6+A7) 1.560) 7.740 28.689 309.Export Sales (Net) 2.886 0 225.993 37.79 9.68 3.870 10.098) 0 2.45 0.Dividend cover ratio [(F7-F8) to F9] 12.06 5.Total amount of dividend 10.Administrative and other expenses 5.641 225.167 19.15 0.762 317.Other current liabilities D.69 27.077 142 407.16 -15.832 326.66 -2.581 14.683 0 0 (7.56 1.682 39.23 -1.Acid test or quick ratio[(B1+B3+B4) to C] 2.74 - - - - 7.931 19.182) 88.25 0.Total value of bonus shares issued 11.Return on assets [F7 as % of avg.412 319.175 127.Salaries.Financial Statement Analysis of Non Financial Sector 2010 Hamid Textile Mills Ltd.Long term secured loans 2.777 14.832 13.515 374.Current ratio (B to C) 6.701 11. Subscribed & Paid up capital i).009) 132.39 -5.128 67.Current Assets (B1+B2+B3+B4+B5) 1.880) 10.Other input cost 3.022 176.997 226.775 46.499 314.92 .50 101. E) 10.00 0.916 197.716 (234.23 -2.653 10.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.80 -91.733 70.142 250.497 95.24 0.895 0 0 4.293) 132.434 - - - - (5.413 0 80.Cost of material ii).48 4.07 0.071 266.06 5.144 100.13 -17.499) 1.48 0.12 2.Cost of sales i).630 0 26.255 326.525 (21. of Ord.727 48.Capital Reserve ii).103 383.00 0.042 103.92 1.Total fixed liabilities (D1+D3) 3.107 0 32.177 11.06 5.Sales i).Cash & bank balance 2.916 190.41 5.457 256.023 36.454 2.195 10.44 8.03 -36.591 132.515 225.72 -20.392) 75.151 29.Operating fixed assets after deducting accumulated depreciation 4.716 0 (344.692 (2.14 5.98 14./share) [(F7-F8)/No.070 1.487 11.740 28.629 - - - - 315.864 169.492) 153.902 94.Short term investments 5.642) 132.716 (176.Reserves i).

271 81.85 0.029 333.Depreciation for the year 5.355 0 0 288./share) (E/No.Shareholders Equity (E1+E2+E3) 1.538 776.Capital Reserve ii).294 793.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 - - - 1.78 3.451 1.386 1.893 2.08 1.198.61 19.044 1.524.Other non-current liabilities E.Other non-current assets B. wages and employee benefits 6.606 1.38 1.Cost of goods sold to sales (F2 as % of F1) 7.05 8.144.Operating fixed assets after deducting accumulated depreciation 4.09 8.068 553.960 79.85 0.223 2.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.14 17.176.889 941.805 63.08 3.825 0 2.231 41.517 8.14 0.77 15.321 295.592 - 0.Cost of sales i).Inventories 3.465.214. shares] 17.Contractual Liabilities (G2+C1) H.51 5.04 0.Return on capital employed ( F7 as % of avg.628 0 0 G.03 15.811 136.563.Financial expenses of which: (i) Interest expenses 7.Earning per share after tax (Rs.89 1.Net profit before tax 8.Revenue Reserve 3.34 2.248 341.Return on assets [F7 as % of avg.752 1.079 24.Total value of bonus shares issued 11.297 0 0 0 0 399.306 715.156 0 54.844 608. shares) 71 - - 1.93 0.686 1.863 9.379. of Ord.380.Other current liabilities D.494.85 84.Long term investments 7.98 85.884 277.Retention in business (F7-F8-F9) 4.Financial Statement Analysis of Non Financial Sector 2010 Hira Textile Mills Ltd.909 1.47 1.552 0 163.Net profit margin (F7 as % of F1) 15.878 0 0 247.734.Long term unsecured loans 3.Debentures/TFCs 4.815.728 1.119 1.Cash flows from operations 257.Miscellaneous 1.637 3. administrative and other expenses i).(A+B)] 9. Items A.594 39.575 71.789.Break-up value shares (Rs.Current Assets (B1+B2+B3+B4+B5) 1.325 78.024 0 1.321 - 295.600 1.894 715.68 3.338 1.722 0 596.961 198.88 10.378.646.95 5.297 186.338 715.Cash & bank balance 2.55 0.455 186.563.904 24.236 - - - - 1.Sales i).Reserves i).507 0 2.Intangible assets 6. G1) 11.Financial expenses as % of sales (F6 as % of F1) 3.134 715.78 0.Total amount of dividend 10.45 2.679.779 1.Current ratio (B to C) 6.Issued.729.Selling & distribution expenses ii).91 0.202 2.526 864.Preference shares 2.964 2.Assets turnover ratio [F1 to (A+B)] 5.729.520 0 412.Administrative and other expenses 5.090 0 96.392 399.021 1.044 1.586 6.498 208.Short term investments 5.902 42.079 170.81 0.Debt equity ratio [(C+D) to E] 8.014 330.Export Sales (Net) 2.355.Other current assets C.67 0.Trade Debt 4.298 69.810 79.44 22.53 0.226 0 148.790 114.578 19.108 12.508.758.566.087 1.363 1.618 1.878 1.480.223 13.Capital work in progress 2.628 1.140 1.263 0 82.520 1.92 80.Operating fixed assets at cost 3.Local sales (Net) ii).232 10.Inventory Turnover Ratio (F1 to B2) 13.48 0.44 2.Long term secured loans 2.41 0.63 4.08 0.999 187.16 0.383.520 1.201. Subscribed & Paid up capital i).500.919 392.Operation: 1.817 - - - 1.752 186.Other input cost 3.00 0.Current Liabilities (C1+C2) 1.132.333.023 2.Key Performance Indicators 1.457 1.Gross Profit 4.Salaries.26 0 - - F.611 1.858 715.46 1.298 345.Employees benefit obligations 5.Return of equity (F7 as % of avg.471.Dividend cover ratio [(F7-F8) to F9] 12.072 1.Tax provision (current year) 9.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Total fixed liabilities (D1+D3) 3. of Ord.376 263.116.237 101.23 9.Operating cash flow to debt ratio [F11 to (C+D)] 16.241 1.080 17.722 65.520 715.697.737.143 1.127.653 0 294.Cost of material ii).710.130.532 365.527.General.836 1.068 - 152./share) [(F7-F8)/No.61 2.Total capital employed (E+D) 2.436 941.08 1.Trade Debt as % of sales (B3 as % of F1) 4.894 0 347.09 13.567.834 72.628 69.129.Ordinary Shares ii).44 8.520 0 596.091 268.Acid test or quick ratio[(B1+B3+B4) to C] 2.558 1.76 .275 692.893 65.660.526 253.Non-Current Assets (A1+A3+A5+A6+A7) 1. E) 10.Short term Secured loans 2.685 - 1.520 0 347.

101 160.306 8.Current Assets (B1+B2+B3+B4+B5) 1.682 12.590 1.381 554.904 453 86. G1) 11.Reserves i).902 8.17 88.014 633.132) 1.06 1.056 163.Other non-current liabilities E.Debentures/TFCs 4.437 0 0 (16.553 1.23 3.643 277.194.Cash & bank balance 2.063 538.46 -0.088) F.61 0.320.060 566.00 -1.384 604.866 439.92 23.452 36.Other non-current assets B.647 510.119 1.259 433.02 -15.87 0.15 50.445 27.270 484.833) 720.845 661.445 106.00 3.Local sales (Net) ii).Miscellaneous 1.635 1.612 0 145.46 3.Trade Debt as % of sales (B3 as % of F1) 4.623 415.270 106.777 0 0 - - - - 124.406 801.114.815 4.21 2.433.98 -1.786 0 0 (291.46 -1.556 234.312 352.52 0.081 999.15 95.283.489.609 164.817 614.Return on assets [F7 as % of avg.858 244.Current Liabilities (C1+C2) 1.134) 626.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Operation: 1.Cost of material ii).Break-up value shares (Rs.General.483 53.Total capital employed (E+D) 2.Other current liabilities D.434 707.858 106.852 155.69 1.51 -1.90 0.965 0 (15.259 0 140.845 1.Sales i).Other current assets C.Total amount of dividend 10.74 -0.27 0.742 1.21 - - - - 3.826 55.98 -1.354.076 1.272 1.526 442.05 44. wages and employee benefits 6.Trade Debt 4.396) 7.331 0 161.922 536.53 44.Long term secured loans 2.363 0 (14.252 150.818 340.540 797.867 649.Selling & distribution expenses ii).Total value of bonus shares issued 11.466 720.445 0 11.207.Debt equity ratio [(C+D) to E] 8.65 36.643 6.935 1.Net profit margin (F7 as % of F1) 15.73 0.889 55.270 98.258 397.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.381 905.386 - - - - 131.Contractual Liabilities (G2+C1) H.85 0.52 46.55 - - - - 32.202 733. Items A.275 66.020 1.554 1.Capital Reserve ii).135 306.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 524.656 1.147.10 8.06 -0.276 519.28 0.50 -8.04 -13.807 106.933 248.364 110.87 2.32 -51.39 10.818 6.146 - - - - 106.364 340.Intangible assets 6.77 -0.130 225.300 (169.28 2.103 0 406.340 0 (18.636 16.169.55 1.263 55.13 85.201.45 11.428.134 1.231.Operating fixed assets after deducting accumulated depreciation 4.982 0 0 (26.05 -25.850 0 145.831 613.704 55.05 86.130 1.742 659.59 0.631 484.Revenue Reserve 3.908 227.114 610.395.63 1.259 246.249.489 0 472.150 0 0 (8.90 -0.96 -0.Return on capital employed ( F7 as % of avg.Financial Statement Analysis of Non Financial Sector 2010 Husein Industries Ltd.06 8.Retention in business (F7-F8-F9) 4.908 1.Preference shares 2.489 9.44 1.922 465.49 2.67 4.18 0.259 0 366.258 384.438 1.317 33.682 106.633 G.Net profit before tax 8.771 30.500 21.391 23.163 13.391 77.06 57.59 1.252 0 (8.69 1.36 1.98 -0.Earning per share after tax (Rs.285 452.415 391.00 -1.70 37.218 1.259 0 278.553 542.857 1. E) 10.089.33 40.437 144.155.91 0.255 599.727 (161.40 .958 675.Cost of sales i).62 0.574.41 8.Issued.237 1.89 3.556 599.971 0 1. of Ord.004 621.017 475.285 46.300) 1.300 0 0 0 0 0 0 0 0 - - - - 0 225.01 -2.Assets turnover ratio [F1 to (A+B)] 5.Financial expenses as % of sales (F6 as % of F1) 3.49 39.154.Dividend cover ratio [(F7-F8) to F9] 12.913 234.910 4.68 3.52 46.Operating cash flow to debt ratio [F11 to (C+D)] 16.404 106.197.270 48.819 800.83 -4.Inventory Turnover Ratio (F1 to B2) 13.38 63.Inventories 3.28 0.(A+B)] 9.Non-Current Assets (A1+A3+A5+A6+A7) 1.539 33.926 1.186 106.Tax provision (current year) 9.821 294.08 2.158 812.833 57.258 0 291.984) 5.Financial expenses of which: (i) Interest expenses 7.258 0 327.50 0.589 144.Shareholders Equity (E1+E2+E3) 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.Key Performance Indicators 1.988) 472.926 - - - - 36.077) 707.Salaries.47 7. shares] 17.Ordinary Shares ii).709 4.Short term investments 5. of Ord.Export Sales (Net) 2.997 626.09 0.167.798 106.252 55.Operating fixed assets at cost 3.75 1.380 27.447 468.170 561.297 465.11 -1. shares) 72 - - - - - 1./share) [(F7-F8)/No.704 481.530 55.056 73.505.259 106.00 -1.575 106.672 1.96 86.528 106.Other input cost 3.889 122.372 542.248.Cost of goods sold to sales (F2 as % of F1) 7.936 11. administrative and other expenses i).258 0 309.Long term investments 7.652 0 1.720 499 112.521 154.678 - - - - 1.447 718.27 0.028.83 -0.258 415.596 0 0 0 0 - - - - 0 476 0 641 1.055 1.047 992.Gross Profit 4.672 0.Current ratio (B to C) 6.15 83.151) 7./share) (E/No. Subscribed & Paid up capital i).Employees benefit obligations 5.Long term unsecured loans 3.641 63.55 14.040 73.Capital work in progress 2.61 1.867 1.685 943.314 1.845 812.319 113.123 594.77 0.208 0 182.28 6.01 0.Return of equity (F7 as % of avg.800 481.53 1.73 0.Total fixed liabilities (D1+D3) 3.365.138.Short term Secured loans 2.370 8.Administrative and other expenses 5.Depreciation for the year 5.410 827.217 524.061 55.549 106.459 0 0 959.303.539 448.936 365.437 720.032.789 - - - - 248.Cash flows from operations - - - - 63.297 50.273 248.390 593.443 939.

217 246.041.39 2.418) - - - - 100.Long term unsecured loans 3.358 645.40 31.75 89.918 411.798 20.96 -49.458 24.101.186 663.593 1.938 0 8.063 481.66 93.35 -19.155 0 0 (25.754 (69.Intangible assets 6.(A+B)] 9.653 828.17 13.212 0 43.968 143.Other input cost 3.596 (74.027) 0 (408.66 ./share) [(F7-F8)/No.522.Trade Debt as % of sales (B3 as % of F1) 4.468 1.41 3.Administrative and other expenses 5.685 32.Break-up value shares (Rs.895 0.008 0 148.05 0.414 540.722 465.760) 6.Issued.100 5.541) 46.045.791 30.28 3.417 119.248.533 114.Reserves i).533 100.129 636.62 -5.801) 4.01 -15.17 -2.511.102 487.82 18.Short term Secured loans 2.798 725.57 - - - - 16.127 95.946 11.56 11.Current Assets (B1+B2+B3+B4+B5) 1.102.791 141.734 61.376 89.887 (144.438 471.503 212.008 326. wages and employee benefits 6.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.910 233.32 3.391 45.190 636.Revenue Reserve 3.567 71.10 0.043.069 147.914 6.728 0 (32.661 - - - - 866.091.Financial expenses of which: (i) Interest expenses 7.166) 6.13 0.57 0.62 94.Return of equity (F7 as % of avg.242.029 82.Inventory Turnover Ratio (F1 to B2) 13.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.509 100.223.241 296.531 1.Long term investments 7.815 61.620 682.Total value of bonus shares issued 11.147 412.85 -12.665 0 72.919 62.793 579.027) 495.47 1.954 44.20 8.352 0 71.47 -0.008 515.909) 6.53 -34.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 557.17 0.Financial Statement Analysis of Non Financial Sector 2010 ICC Textiles Ltd.73 13.088 179.218) 491.059.156 244.165 0 1.65 -0.94 6.719 100.26 0.179 189.Debt equity ratio [(C+D) to E] 8.70 -6.596 95.496 1.Net profit margin (F7 as % of F1) 15.943 0 0 0 0 209.Operating cash flow to debt ratio [F11 to (C+D)] 16.179 0 86.Ordinary Shares ii).95 1.020 1.95 -92.340 513.919) 465.Dividend cover ratio [(F7-F8) to F9] 12.457 1.008 0 81.Non-Current Assets (A1+A3+A5+A6+A7) 1.371 1.96 6.899 107.153 46.573 474.Preference shares 2.036 445.759 100.Operating fixed assets after deducting accumulated depreciation 4.45 0.732 - - - - 128.52 101.991 23.239 - - - - 58.153 (19.367 1.29 3.890) F.461 144.003 1.22 5.872 164.174 2.27 32.Other non-current liabilities E.Other current liabilities D.546 485.Capital work in progress 2.653 629. of Ord.Total fixed liabilities (D1+D3) 3.Current ratio (B to C) 6.002 381.008 663.00 -16.68 91.Net profit before tax 8.Salaries.017) 616.720 111.25 7.662 1.381 0 (161.567 62.Acid test or quick ratio[(B1+B3+B4) to C] 2.169 997.881) 0 (279.881) 100.54 0.419 1.190 53.487 777.698 830.819 541.487 389.205 418.008 0 226.224 1.00 -7.207) 10.663) 471.Key Performance Indicators 1.288) 611.09 1.008 0 (13.Total capital employed (E+D) 2.67 -5.783 181.008 0 (279.623 557.156.02 0.15 0.Selling & distribution expenses ii).943 0 71.367 293.179 191.30 -13.198 411.153 0 - - - - 233.874 414. administrative and other expenses i).389 110.Cash & bank balance 2.39 5.676 128.13 26.47 0.Inventories 3.088.19 8.00 -3.Debentures/TFCs 4.908 949.Other non-current assets B.058 453.734 103.159 0 0 - - - - 82.709 24.11 -10.10 0.590 100.052 0 0 (155.725 10.Contractual Liabilities (G2+C1) H.477 20.767 491.90 0.269 421.685 49.Tax provision (current year) 9.Miscellaneous 1. G1) 11.72 -13.762 736.429 228.205.60 0.001 141.38 -10.331.081 0 0 (15.271 147.19 -5.Short term investments 5.81 9.662 - - - - 11.Other current assets C.61 9.541 88.933 33.751 100.407 478.153 0 209.194 354.12 3.353 3.04 - - - - 2.951 189.395 830.151.395 234.Financial expenses as % of sales (F6 as % of F1) 3.271 365. shares) 73 - - - - - - 2.620 55.187 0 68.652 122.45 6.24 0.418 2.Total amount of dividend 10.862 910.09 -15.557 G.483 20.927 70.685 1.008 0 (408.38 -5.Cost of material ii).008 100.268.Capital Reserve ii).Cost of goods sold to sales (F2 as % of F1) 7.61 -2.Earning per share after tax (Rs.212 12.Operating fixed assets at cost 3.94 0.82 24.001 286.395 100.43 17.55 6. Items A.Cash flows from operations - - - - 32.Export Sales (Net) 2.644 725.22 6.216 0 0 3.952 168.Retention in business (F7-F8-F9) 4.659 995 0 0 0 0 - - - - 0 0 0 0 437. E) 10.372 141.008 248.008 315.Gross Profit 4.525 515.34 -9.716 237.17 1.143 220.754 0 0 (72.15 -25.Current Liabilities (C1+C2) 1.493 1.Return on capital employed ( F7 as % of avg.380 87.00 -7.602 0 1.780 0 (78.21 7.604 999.Operation: 1. shares] 17. Subscribed & Paid up capital i). of Ord.Employees benefit obligations 5.Shareholders Equity (E1+E2+E3) 1.19 0.16 -59.415 778.008 170.Local sales (Net) ii).727 100.91 0.008 86.Return on assets [F7 as % of avg.104 25.Assets turnover ratio [F1 to (A+B)] 5.556 1.457 1.501 100.91 0.357 428.Long term secured loans 2./share) (E/No.085 481.52 99.943 (154.89 1.General.853 135.Depreciation for the year 5.14 4.113 225.379 1.873 60.08 4.706 682.140 1.Trade Debt 4.Cost of sales i).00 0.705 160.063.09 7.Sales i).

720 17.88 -5.792 70.14 -4.529 208.360 0 0 0 0 245.929 91.Return on capital employed ( F7 as % of avg.Administrative and other expenses 5.050.32 1.729 59.225 0 - - - - 250.97 1.Short term Secured loans 2.49 24.472.868 99.957 35.04 0.(A+B)] 9.411 0 0 134.098 24.55 95.90 2.200 99.914 234.014 170.16 3.Cost of sales i).33 -4.Revenue Reserve 3.96 0.393 0 1.78 2.591 3.06 7.471 31.22 7.85 -11.27 4.047 193.Financial expenses as % of sales (F6 as % of F1) 3.Capital work in progress 2.832 0 8.619 388.900 375.31 2.246 250.Cash & bank balance 2.473 1.023 12.638 563.200 0 (25.598 560.Other current liabilities D.345 0 7.272 - - - - 208.563 560.277) - - - - 99.15 0.428 40.612 307. shares] 17.Break-up value shares (Rs.589 494.901 541.96 0.39 -1.418 43.193) 170.133 326.339 99.177 60.Current ratio (B to C) 6.Issued.641 302.Other non-current liabilities E.Gross Profit 4.20 11.23 6.Other input cost 3.Long term unsecured loans 3.89 1.Current Liabilities (C1+C2) 1.99 9.Capital Reserve ii). Subscribed & Paid up capital i).519 23.200 28.50 12.114 67.733 99.16 3.50 -2.200 73.033 86.27 14.668 99.Long term investments 7.889 565.99 1.273 37.38 4.29 1.905 90.82 84.391) 383.088 985.200 0 7.804 53.17 0.Reserves i).457 80.120 781.957 46.127 117.Trade Debt 4.200 110.98 -92.Key Performance Indicators 1.43 -5. wages and employee benefits 6.Total fixed liabilities (D1+D3) 3.223 250.675 0 234.800 0 (17.966 26.543 460.485 0 49.72 90.422 (47.Operating fixed assets after deducting accumulated depreciation 4.63 -1.Cost of goods sold to sales (F2 as % of F1) 7.78 - - - - 13.600) 0 (70.900 470.Salaries.401 83.279 931.355 0 26.987 1.098 66.270 6.223 489.Total capital employed (E+D) 2.08 -11.27 10.93 93.851 1.Long term secured loans 2.739 61.Debentures/TFCs 4. Items A.Acid test or quick ratio[(B1+B3+B4) to C] 2.111.081 39.038 694.247 2.357 86.Assets turnover ratio [F1 to (A+B)] 5.793 209.138 164.44 7. G1) 11.555 35.457 347.82 1.79 11.286 0 43.Miscellaneous 1.519 800.93 0.74 5.624 244.Operating fixed assets at cost 3.533 - - - - 35.088 0 938.82 0.261 301.889 45.167 285.74 - - - - 0.153 400 65.791 301.Retention in business (F7-F8-F9) 4.502 3.44 1.259 26.545 99.Employees benefit obligations 5./share) [(F7-F8)/No.31 8.507 6.Ordinary Shares ii).Financial Statement Analysis of Non Financial Sector 2010 Ideal Spinning Mills Ltd.720 539.539 99.261 299.Net profit margin (F7 as % of F1) 15.360 109.Export Sales (Net) 2.88 5.463 583.422 114.393 1.381 268.00 0.Short term investments 5.190 0 2.183 943.40 173.600) 99.632 2.Intangible assets 6.923 99.Inventory Turnover Ratio (F1 to B2) 13.43 6.Non-Current Assets (A1+A3+A5+A6+A7) 1.26 0.811 0 0 0 0 - - - - 0 0 0 0 158.58 91.052 8.09 0.817 114.023 7.147 436.563 179.851 - - - - 5.Total amount of dividend 10.98 7.467 0 25.Cash flows from operations - - - - 17. E) 10.Total value of bonus shares issued 11.16 4.Other current assets C.Other non-current assets B.60 0.415 260.114 23.925 0 0 - - - - 101.00 -1. of Ord.788 0.581 170.426) 4.918 6.081 24.00 -5.96 0.984 131.710 175.99 9.Net profit before tax 8.84 0.Financial expenses of which: (i) Interest expenses 7.50 0.45 .588 0 26.658 584.59 3.569 0 0 12.147 296.200 0 11.68 0.870 130.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.866 164./share) (E/No.74 -49.324 56.32 15.542 229.Tax provision (current year) 9.914 27.270 75.910 989.584 17.685 130.05 10.992 544.439 32.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.667 141.10 5.914 174.12 -4.Operation: 1.997 78.612 0 0 (13.449 (47.111. administrative and other expenses i).Contractual Liabilities (G2+C1) H.480 F.18 23.661 0 9.57 2.Local sales (Net) ii).Return of equity (F7 as % of avg.985 80.244 0 734.988 392.533 99.475. of Ord.05 1.929 172.92 12.379 0 34.889 71.31 0.340 175.Trade Debt as % of sales (B3 as % of F1) 4.Return on assets [F7 as % of avg.200 106.389 869.200 122.844 57.97 0.88 17.600 99.12 1.200 0 42.11 5.45 -10.70 94.418 584.022 0 65.Earning per share after tax (Rs.200 0 (70.Selling & distribution expenses ii).078 4.Operating cash flow to debt ratio [F11 to (C+D)] 16.912 5.Shareholders Equity (E1+E2+E3) 1.038 0 626.General.879 694. shares) 74 - - - - - - 7.598 31.89 0.301 54.750 3.46 4.318 2.475 47.624 470.74 4.345 0 0 583.Current Assets (B1+B2+B3+B4+B5) 1.193 0 (50.719 347.Preference shares 2.391) 0 0 0 83.Dividend cover ratio [(F7-F8) to F9] 12.246.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 404.793 326.Inventories 3.96 0.020 31.00 0.64 2.946 - - - - 704.234 39.Debt equity ratio [(C+D) to E] 8.068 44.285 0 0 (45.163 985.254 2.268) 4.Cost of material ii).485 1.Sales i).314 539.244 800.711) 86.90 0.463 0 547.200 0 23.153 404.467 80.495 G.Depreciation for the year 5.

Financial expenses as % of sales (F6 as % of F1) 3.047.423 657.048 0 122.Gross Profit 4.Intangible assets 6.202 (14.767 857.024 967.528 30.926 982.88 .619 1.53 2.020.024 63.Other non-current assets B.458 457.Trade Debt 4.028.78 84.059.00 1.46 0.38 -1.880 99.Employees benefit obligations 5.793 589.493 180.25 - - - - 38.926 607.027 99.379 435.245 698.32 9.330 0 365.488 44.90 7.571 45.Operating cash flow to debt ratio [F11 to (C+D)] 16.44 0.715 0 711.Other input cost 3.015 583.77 1.456 180.02 0.716 0 635.453 365.13 29.888 - - - - 988.083 116.86 0.Trade Debt as % of sales (B3 as % of F1) 4.42 0.079 6.47 3.35 2. shares) 75 - - - - - 2.793 247.488 154.50 34.652 180.480 593.Revenue Reserve 3.152 180.673 709.480 0 276.30 1.781 0 29.Sales i). Subscribed & Paid up capital i).077 299.026.353 0 0 25.123 247.480 601.715 865.985 602.Other current liabilities D.319 50.61 1.327 1.61 3.47 4.00 1.69 0.Key Performance Indicators 1.814 443.01 87.926 841.33 1.480 0 389.054.Long term unsecured loans 3.Operating fixed assets after deducting accumulated depreciation 4.340 0 634.067 142. shares] 17.909 0 85.Total capital employed (E+D) 2.855 722.Tax provision (current year) 9.871 593.996 3.Reserves i).054.676 401.019.40 4.772 52.020.36 18.188 865.Depreciation for the year 5.318 269.02 84.88 0.Capital Reserve ii).Total fixed liabilities (D1+D3) 3.480 0 126.319 1.480 0 167.03 -0.Inventories 3.562 101.402 0 1.Long term secured loans 2.370 1.83 0.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.480 180.Long term investments 7.29 4.00 1.446 26.Financial Statement Analysis of Non Financial Sector 2010 Idrees Textile Mills Ltd.Financial expenses of which: (i) Interest expenses 7.507 180.12 0.Assets turnover ratio [F1 to (A+B)] 5.60 1./share) (E/No.184 1.420 751.040 150.360 723.38 0.014 620.539 754.242 221.88 4.457 1.33 2.359 1.480 726.696 44.Cost of material ii).13 2.347 0 67.41 1.812 300.330 0 100.093 205.132 180.60 9.127.76 0.52 4.12 1.353 23.00 1.480 180.98 3.679 38.399 334.Net profit before tax 8.32 9.298 266.811 (17.272.177 26.52 40.21 0.006 509. Items A.624 65.023 882.329 3.480 0 413.024 60.788 4.257 0 22.Cost of goods sold to sales (F2 as % of F1) 7.89 1.35 - - - - 4.36 5.51 5.365 959.894 F.Shareholders Equity (E1+E2+E3) 1.Administrative and other expenses 5.340 754.970 102.Total amount of dividend 10.641 901.184 127.Cash & bank balance 2.427 1.600 0 72.53 0.416 243. of Ord.08 30. wages and employee benefits 6.75 -2.643 443.Selling & distribution expenses ii).96 33.Local sales (Net) ii).680 1. administrative and other expenses i).64 25.64 3.84 7.712 112.245 789.97 35.Other current assets C.05 1.Break-up value shares (Rs.74 33.39 0.727 32.Capital work in progress 2.557 312.480 0 426.981 0 0 0 0 - - - - 0 0 0 0 599.600 0 167.434.161 295.110 4.402 1. of Ord.254 629.099 381.051 1.393 100.811 45.Ordinary Shares ii).484 1.716 612.13 27.365 1.Net profit margin (F7 as % of F1) 15./share) [(F7-F8)/No.679 882.602 11.716 751.763 700.732 435.Return on assets [F7 as % of avg.Miscellaneous 1.772 678.Preference shares 2.945 1.727 120.600 381.925 G.916 952.202) 3.488 312.464 180.Short term Secured loans 2.20 32.308 328.Total value of bonus shares issued 11.906 3.286 489.Issued.69 2.45 0.Debt equity ratio [(C+D) to E] 8.34 0.081 31.Non-Current Assets (A1+A3+A5+A6+A7) 1.958 163.090 268.77 82.81 1.554 3.825 457.Debentures/TFCs 4.313 170.Return on capital employed ( F7 as % of avg.346 21.(A+B)] 9.433 0.274 127.400 366.393 27.222) 635.90 -1.89 -0.Current ratio (B to C) 6.378 0 0 - - - - 80.49 0.147 0 22.07 1.482 777.945 52.313 1.063 0 0 (114.315 24.Acid test or quick ratio[(B1+B3+B4) to C] 2.781 46.860 90.Export Sales (Net) 2.24 31.Operation: 1.266) 778.Operating fixed assets at cost 3.852 0 88.Salaries.547 33.013 - - - - 180.451 0 21.41 1.Dividend cover ratio [(F7-F8) to F9] 12.532 651.608 18.General.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.611 0 48.696 1.11 2. E) 10.916 605.237.Inventory Turnover Ratio (F1 to B2) 13.420 - - - - 32.828 17.427 741.922 207.53 2.608 141.641 854.490 68.984 180.Retention in business (F7-F8-F9) 4.67 1.788 65.152 32.056 97.Earning per share after tax (Rs.019 - - - - 90.Cost of sales i).Return of equity (F7 as % of avg.Current Assets (B1+B2+B3+B4+B5) 1.16 0.065 - - - - 0 0 0 0 - - - - 179.152 0 126.399 6.42 0.958 10.979 18.09 -0.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 629.10 85.690 958.280 67.25 33.43 0.274 332.600 1.94 82.600 295.48 2.94 2.237.62 4.Contractual Liabilities (G2+C1) H.096 0 0 26.938 0 87.397 110.Short term investments 5.806 11.84 4.39 10.587 43.770 490.177 111. G1) 11.293 7.056.Cash flows from operations - - - - 21.480 570.825 180.507 180.015 456.Other non-current liabilities E.772 0 0 26.Current Liabilities (C1+C2) 1.047.569 179.193 378.

470.250 5.78 1.69 21.737 0 4.934 309.399 180.00 24.33 3.961 11.669 1.462 0 0 0 0 - - - - 0 1.230.700 626.10 238.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.336.375.Selling & distribution expenses ii).680.Break-up value shares (Rs.788 8.50 0.211.301.449 421.902 3.706 1.054.737 0 2.Earning per share after tax (Rs.75 0.19 1.Total capital employed (E+D) 2.210.73 0.54 4.431 - - - - 4.186 28.878.432 2.545.Financial Statement Analysis of Non Financial Sector 2010 Indus Dyeing & Manufacturing Co.Total fixed liabilities (D1+D3) 3.875 210.01 2.Ordinary Shares ii).985.996.806.163 1.585 0 285.General.Dividend cover ratio [(F7-F8) to F9] 12.01 11.927 367.62 0.Shareholders Equity (E1+E2+E3) 1.Financial expenses as % of sales (F6 as % of F1) 3.33 34.737 2.271 5.044 - - - - 745.Inventories 3.62 1.457.204.00 26.461 2.Cost of material ii).777. of Ord.(A+B)] 9.918.21 0.583 389.130 4.748 72.175.Preference shares 2.669 1.906 3.036.495 0 0 382.00 17.Return of equity (F7 as % of avg.740 289.254 1.580 618.573.170 1.Long term investments 7.87 85.908 - - - - 180.351.512 73.214 217.41 6.661 234.56 97.678 191.549 1.Short term investments 5.204.952 273.111 31.Return on capital employed ( F7 as % of avg.408 1.97 1.631 2.61 1.Debentures/TFCs 4.685 1.658.484 3. shares] 17.571.Net profit before tax 8.877 263.720 0 243.907.994.500.595 2.457.694 74.164.23 0.27 85.Local sales (Net) ii).666.Debt equity ratio [(C+D) to E] 8.792 515.19 6.851.690 24.001 1.920.945 339.383 27.113 F.248.023 232.130.119 8.Acid test or quick ratio[(B1+B3+B4) to C] 2.161.38 58.476 8.095 180.498 290.542 3.803 10.854 1.050 495.Salaries.933.455 465.000 249.Capital work in progress 2.310.679.Trade Debt as % of sales (B3 as % of F1) 4.712.131 1.342 59.278 1.181 28.226.511.Current Liabilities (C1+C2) 1.631.129.Cash & bank balance 2. G1) 11.82 1.71 2.092.413 69.62 0.737 2.00 4.000 0 0 0 - - - - 1.642.765 1.849 7.590 4.56 76.441 1.981 1.69 5.048 3.634 247.Long term secured loans 2./share) (E/No.152 4.822 945.Cost of sales i).520 1.324 66.99 12.107.111 0 59.Operating fixed assets after deducting accumulated depreciation 4.191.616 1.134 927.Total value of bonus shares issued 11.036 234.517 1.215.171 514.164 172.643.152 3. Ltd.869 3.06 0.606.959 416.96 8.183 898.194 1.670 3.705 - - - - 1.504 90.755 5.099 626.639 5.372.Current Assets (B1+B2+B3+B4+B5) 1.24 25.316 323.Operation: 1.Cash flows from operations - - - - 179.389 638.90 11.290.192 49.480 1.11 80.41 0.98 1.123 3.226.96 0.88 3. administrative and other expenses i).01 86.53 3.738.737 0 1.907.Employees benefit obligations 5.Other current assets C.87 100.977.670 41.933.239.648 0 0 0 0 73.Issued.14 76 5.039.513 6.137.648 4.54 7.545 - - - - 450.20 2.Operating cash flow to debt ratio [F11 to (C+D)] 16.61 18.702 430.Administrative and other expenses 5.466.Key Performance Indicators 1.565 931.144 861.682.216.240 1.287 0 5.09 1.55 6.903 4.140 6.180 1.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 3.726 0 0 160.204 1.475 963.388 3. of Ord.698.Total amount of dividend 10.903 163.449 69.Assets turnover ratio [F1 to (A+B)] 5.Net profit margin (F7 as % of F1) 15.477. wages and employee benefits 6.592 1.487 2.Capital Reserve ii).906 516.28 2.394 180.661 886.581.360.Retention in business (F7-F8-F9) 4.001.64 1.Miscellaneous 1.687 0 5.310 6.549.20 0.700 171.043 5.409.06 1.316 292.99 7.657 22.35 .218 1.983 309.389 1.617 1.30 0.432 4.364 2.Short term Secured loans 2.50 10.792 2.290.617 27.490 3.26 4.00 137.662 180.971 3.553 764 1.316 4.258.636.880 1.592 1.312 0 313.Current ratio (B to C) 6.01 0.47 4.89 127.771.33 11.Revenue Reserve 3.120.94 5. E) 10.033 180.130 2.600.993 180.Return on assets [F7 as % of avg.737 4.369 0 2.776.115 0 1.282.945 3.49 - - - - 117.522 1.31 103.83 42.069 6.78 1.645 180.36 87.Contractual Liabilities (G2+C1) H.022 1.54 6.18 4.661 582.348 1.503 5.597.701.637 187.Other non-current assets B.26 0.Other non-current liabilities E.296.911. shares) 3.849 2.737 172.903 369.225 0 0 3.701 2.131 0 1.094 0 61.235.273.84 3.93 8.358 22.648 2.539.Trade Debt 4.860 4.38 5.648 1.046 4.336 7.274.894 69.87 6.176.977.43 20.Sales i).461 3.470.Financial expenses of which: (i) Interest expenses 7.Gross Profit 4.Cost of goods sold to sales (F2 as % of F1) 7.57 1.109 402.370 0 240.507.Reserves i).134.36 7.483 1.712.737 0 2.Tax provision (current year) 9.Operating fixed assets at cost 3.61 28.930 179.258.Export Sales (Net) 2.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.256 180.718.812 3.262.Non-Current Assets (A1+A3+A5+A6+A7) 1.84 - - - - 11.19 0.311.149.65 2.788 - - - - 451.659.Long term unsecured loans 3.51 0.111 0 539.893 G.92 13.183 367.851.470.19 0.822 249.094 4.388.54 126. Subscribed & Paid up capital i).068 0 479.668.104 2.194 0.161.913 27.45 6.174.127 2.918 5.175.391.164. Items A.02 6.134.490 330.948 1.55 11.Intangible assets 6.268 1.64 18.Depreciation for the year 5.333.856.960.553 0 422.104 4.509.547 467./share) [(F7-F8)/No.Other current liabilities D.756 2.737 2.545 1.691 1.944 721.01 3.101.Inventory Turnover Ratio (F1 to B2) 13.216.413.926 180.816 3.737 0 2.74 6.Other input cost 3.251.112 5.694 312.

631 16.588 935.Ordinary Shares ii).20 3.86 0.600 0 260.561 217.74 -0.308 21.250 243.Contractual Liabilities (G2+C1) H.Cash flows from operations - - - - 53.977 55.224 1.00 -1.507 647.Miscellaneous 1.456 783.72 -0.548 107.524 16.34 11.289 96.06 1.78 2.23 5.160 59.500 0 94.Reserves i).338 - - - - 264.69 -2.081 1.569.706 407.008 1.792 916.89 -0.Financial expenses as % of sales (F6 as % of F1) 3.053.000 0 - - - - 292. wages and employee benefits 6.70 0.Short term investments 5.145 261.784 903.89 1.679 0 0 0 0 - - - - 0 0 0 0 1.86 0.Trade Debt as % of sales (B3 as % of F1) 4.629) 10.Return on capital employed ( F7 as % of avg.778 0 (15.578 620.155.708 510.71 -3.634. shares) 3.Cost of goods sold to sales (F2 as % of F1) 7.544 964.311 0.252 2.76 0.038 0 96.Preference shares 2.191 916.94 20.060 65.Long term investments 7.109 13.037.62 -0.784 1.08 88.Export Sales (Net) 2.880 72.75 1.968 13.23 7.Selling & distribution expenses ii).600 428.461 48.986 - - - - 96.Current Liabilities (C1+C2) 1.79 3.948.313.314 1.Capital Reserve ii).36 9.44 52.06 -2.575 11.666 803. Subscribed & Paid up capital i).862 F.627 206.Long term unsecured loans 3.558 264.161) 755.35 5.109 - - - - 40.732.01 -4.448 915.923 43.370 230.Short term Secured loans 2.046.64 1.67 1.055 755.Other non-current liabilities E.191 17.Capital work in progress 2.674 391.863 732.Current Assets (B1+B2+B3+B4+B5) 1.08 3.089.046 119.(A+B)] 9./share) (E/No.105.076 86.868 836.359 0 1.37 13.Operation: 1.Inventory Turnover Ratio (F1 to B2) 13.600 0 212.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.600 0 354. of Ord.Trade Debt 4.333 1.689 295.Operating cash flow to debt ratio [F11 to (C+D)] 16.330 4.365 0 0 24.206 120.Total amount of dividend 10.074.Dividend cover ratio [(F7-F8) to F9] 12.582.091 358.388.586 96.823 1.829 6.05 6.800 1.106.71 0.33 0.389.Acid test or quick ratio[(B1+B3+B4) to C] 2.740 43.961 96.00 87.284 53.217 0 (25.481 755.711 343.033 96.361 96.122 141.324.86 5.127 1.260.438.Cash & bank balance 2.404 87.262.Long term secured loans 2.18 -1.316 168.631 157.155.293 753.38 6. G1) 11.72 0.600 0 354.10 - - - - 64.699 451.44 9.402 360.40 0.67 20.03 1.243.153 232.28 -0.625 541.941 96.244 1.536 1.Break-up value shares (Rs.212 0 425.166 1.61 -1.110 520.Salaries.74 3.739 9.58 0.320 53.29 -1.Financial expenses of which: (i) Interest expenses 7.303 870.307 641.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 782.086.Issued.685 3.156.750 0 0 0 0 66.582 807.356 436.38 7.600 0 373.Inventories 3.240 7.515 94.764) 1.77 49.261 444.297 96.98 44. of Ord.64 17.696 1.41 3.Gross Profit 4.296 17.250 836.900 91.21 1.General.550 96.900 3.302 390.005 42.792 38.535 292.460.227.393 1.536 779.250 194.46 4.01 0.501 430.77 2.411 283.696 1.261 338.601 454.61 0.879 680.573.58 3.995 0 111.405 96.259 2.760 63.Cost of sales i).98 2.876 816.00 3.410 0 112.643) 9.583 77.471 692.837.23 3.Depreciation for the year 5.340 939.521 957.320 163.05 1.732 G.799 1.323 478.Net profit margin (F7 as % of F1) 15.681 2.600 451.Net profit before tax 8.88 87.Earning per share after tax (Rs.65 46.960.196.63 2.008 819.990 438.093.482.615 7.808 753.Financial Statement Analysis of Non Financial Sector 2010 Ishaq Textile Mills Ltd.414 - - - - 1.620 1.83 0.Employees benefit obligations 5.Local sales (Net) ii).983 0 0 - - - - 116.950 96.200.57 48.320 3.Debt equity ratio [(C+D) to E] 8.00 1.Revenue Reserve 3./share) [(F7-F8)/No.06 21.679 0 93.600 474.697 338.830 0 (5.459 69.933 864.09 0.283 - - - - 157.Return of equity (F7 as % of avg.Other non-current assets B.Total capital employed (E+D) 2.411 343.646) 8.984 1.528 782.23 -0.528 1.Key Performance Indicators 1.Total fixed liabilities (D1+D3) 3.12 2.Debentures/TFCs 4.Shareholders Equity (E1+E2+E3) 1.268 1.Retention in business (F7-F8-F9) 4.842 921.718 139.35 - - - - 3.Current ratio (B to C) 6. Items A.614 117.811 0 6.277 1.00 -2.687 1.60 0.934 558 1.Administrative and other expenses 5.656 1.072 194.750 67.Tax provision (current year) 9.600 451.109 2.20 46.05 77 - - - 3.Intangible assets 6.Operating fixed assets at cost 3. E) 10.Sales i).372 0 33.91 33.292 627.239 820.71 6.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.200.905 52.03 89.Operating fixed assets after deducting accumulated depreciation 4.716 0 119.600 469.51 4.459 870.600 96.670 240.168.815 53.893 889.520 125.389 206.232 182.68 1.Other current assets C.072 65.66 0.19 3.86 0.612) 966.Other input cost 3.Non-Current Assets (A1+A3+A5+A6+A7) 1.Total value of bonus shares issued 11.Return on assets [F7 as % of avg.145 451.118 0 0 86.600 0 414.282 (20.96 0.504 2.582 1.707 966.518 0 0 (14.Cost of material ii).02 87.91 90. administrative and other expenses i).450.Other current liabilities D.75 .670 87.977 921.389 (28.63 3. shares] 17.714 122.417 445.239 67.893 1.Assets turnover ratio [F1 to (A+B)] 5.36 8.333 794.633 96.218 998.71 1.728 0 314.

183 13.500 42.932) 90.05 6.427 1.48 45.Revenue Reserve 3.793 20.910 0 51.Preference shares 2.Long term unsecured loans 3.Contractual Liabilities (G2+C1) H.489 390.Current Liabilities (C1+C2) 1.Short term Secured loans 2.582 246.814 140.795 4.40 4.41 3.661 17.857 24.652 0 45.Break-up value shares (Rs.752 72.680 0 0 (5.346 42.37 2.909 549.340 207.144 198.428 90.84 2.87 -0.992 0 48.49 33.657 0 0 - - - - 27.66 -35.35 1.991 135.08 -9.424 0 39.48 -0. of Ord.135 273.433 2.97 92.965 197.769 18.323 9.41 8.373 - - - - 42.Export Sales (Net) 2.050 535.388 127.10 0.10 2.85 12.00 -3.42 25.Operation: 1.Cost of sales i).25 - - - - 2.944 256.Return of equity (F7 as % of avg.Net profit before tax 8.891 14.991 0.Administrative and other expenses 5.348 549.500 0 89.439 5.965 56.313 226.631) 2.80 106. Items A.036 8.364 576.183 9.00 1.Trade Debt as % of sales (B3 as % of F1) 4.500 42.15 - - - - 9.276 158.874 42.15 0.Cash & bank balance 2.716 807 76.68 0.669 806 689 656 3.Capital Reserve ii).362 G.370 239.185) 2.14 0.Ordinary Shares ii).Assets turnover ratio [F1 to (A+B)] 5.493 534.84 2.017 91.846 17./share) (E/No.482 - - - - 364.756 (40.227 15.553 291.879 92.12 0.Depreciation for the year 5.Inventory Turnover Ratio (F1 to B2) 13.540 0 (14.53 94.717 0 0 8.Long term secured loans 2.291) 0 (62.769 155.Debt equity ratio [(C+D) to E] 8.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.321 27.323 42.99 1./share) [(F7-F8)/No.388 153.500 0 99.648 33.61 5.318) 0 (45.663 329.376 94.787 9. of Ord.449 576.67 -2.21 3.Dividend cover ratio [(F7-F8) to F9] 12.710 72.81 7. G1) 11.62 1. wages and employee benefits 6.Tax provision (current year) 9.818 312.705 40.780 97.318) 116.794 157.24 2.43 1.36 31.931 538.(A+B)] 9.Salaries.793 313.553 132.364 15.500 0 97.476 39.465 0 17.Gross Profit 4.Current Assets (B1+B2+B3+B4+B5) 1.285 45.891 312.20 1.712 42.Intangible assets 6.06 -3.58 2.489 0 365.Net profit margin (F7 as % of F1) 15.747 0 0 (11.437 39.796 11.293 42.08 6.370 17.276 20.73 2.500 131.Sales i).895 292.873 42.500 0 (15.281 8.Cash flows from operations - - - - 5.19 0.500 0 (62.500 97.98 2.Cost of material ii).591 5.Capital work in progress 2.25 0.Retention in business (F7-F8-F9) 4.288) 91.Debentures/TFCs 4.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Other non-current assets B.044 8.71 97.48 -1.Total value of bonus shares issued 11.Operating fixed assets after deducting accumulated depreciation 4.00 2.93 0.434 105.915 18.454 F.608 76.Local sales (Net) ii).352 226.157 295.Financial expenses of which: (i) Interest expenses 7.Inventories 3.025 531.15 4.Return on assets [F7 as % of avg.945 0 502.494 0 519.55 93.935 44.492 1.Other current assets C.551 91.871) 104.Acid test or quick ratio[(B1+B3+B4) to C] 2. E) 10.205 78.54 -2.Miscellaneous 1.05 -17.882 0 0 65.Current ratio (B to C) 6.040 78.15 -1.96 6.Total fixed liabilities (D1+D3) 3.Employees benefit obligations 5.793 42.03 .667 55.154) 0 0 137.Total amount of dividend 10.425 65.500 107.795 135.276 88.Operating cash flow to debt ratio [F11 to (C+D)] 16.095 42.064 19.582 220.038 0 88.99 -2.49 10.Return on capital employed ( F7 as % of avg.Trade Debt 4.14 9.91 0.884 174.251 47.87 32.17 8.667 175 41.144 289.55 -6.43 -8.747 14. shares] 17.589 39.Long term investments 7.313 - - - - 10.02 8.212 42.137 - - - - 0 0 0 0 - - - - 76.873 0 16.141 390.572 (13.66 93.787 329.596) 6.89 10.Operating fixed assets at cost 3.996 2.663 0 6.886 110.675 0 0 0 0 - - - - 0 0 0 0 137.General. Subscribed & Paid up capital i).664 63.Other non-current liabilities E.183 28.12 2.352 0 239.01 3.455) 135.511 292.729 91.996 2.981 0 (7.28 3.Cost of goods sold to sales (F2 as % of F1) 7.94 0.847 33.Financial Statement Analysis of Non Financial Sector 2010 Ishtiaq Textile Mills Ltd.431 2.34 0. administrative and other expenses i).895 21.291) 42.242 178.Total capital employed (E+D) 2.50 2.43 2.513 58.81 -8.653 435.94 0.Other current liabilities D.449 0 533.514 174.95 3.094 17.Selling & distribution expenses ii).348 0 521.500 0 (45.68 1.Issued.884 0 538.453 275.Key Performance Indicators 1.416 538.02 0.Shareholders Equity (E1+E2+E3) 1.026 184.34 -16.316 92.945 535. shares) 78 - - - - - - 5.500 142.039 0 137.948 145.180 5.461 0 14.Other input cost 3.67 0.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 174.450 - - - - 25.36 0.Earning per share after tax (Rs.52 22.86 12.494 531.25 10.00 -1.49 0.311 0 8.30 0.Reserves i).Short term investments 5.847 8.769 27.Non-Current Assets (A1+A3+A5+A6+A7) 1.963 0 538.794 330.281 12.800 0 (40.453 190.455) 0 0 0 (28.46 11.92 17.Financial expenses as % of sales (F6 as % of F1) 3.651 175.085 56.06 6.

075 23.98 5.Total amount of dividend 10.372.54 12.72 13.Retention in business (F7-F8-F9) 4.58 6.15 78.783 51.Other input cost 3.23 0.000 195.444 18.57 -3.329 - - - - 475.684 92.000 0 233.439 307.50 477.947 495. shares) 79 - - 3.685 156.621 284.08 8.924 889 631.378 27.698 166.136 937.750.177 F.167 594.663 0 (38.867 378.242 434.777 10.335 30.Earning per share after tax (Rs.475 238.Cash & bank balance 2.270 5.261 643.248 - - - - 155.250 0 18.139 2.716 0 0 0 0 - - - - 0 128.805 318.Miscellaneous 1.579 480.03 -298.Depreciation for the year 5.Revenue Reserve 3.57 - - - - 25.79 -0.403.33 8.54 -3.162 135.322 109.853 5.998 610.736 25.567 34.816 1.Contractual Liabilities (G2+C1) H.01 0.606 239.Long term secured loans 2.535 127.29 0.80 5.944 1.00 38.89 86.042 733.326 269.61 -7.69 2.Shareholders Equity (E1+E2+E3) 1.35 5.534 11.376 929.834 5.Administrative and other expenses 5.13 2.28 5.522 1.00 4.43 0.220 463.092 284.514 75./share) [(F7-F8)/No.56 - - - - 0.08 15.Other current assets C.Local sales (Net) ii).043.834 5.064.515 12.437 289.345 170.902 143.92 86.736 706. Subscribed & Paid up capital i).37 1.Assets turnover ratio [F1 to (A+B)] 5.Cash flows from operations - - - - 34.894 378.000 221.52 16.65 0. administrative and other expenses i). E) 10.606 61.567 5.196 327.783 352. Items A.Export Sales (Net) 2.973 544.265 0 999 275.31 5.50 442.169 710.818 1.146 119.674 26.170 100.418 0 0 0 0 50.Current ratio (B to C) 6.286 72.976 10.440 0 17.746 615.194 71.000 349.Key Performance Indicators 1.71 2.394 868.Total capital employed (E+D) 2.091 1.10 391.22 -10.20 9.744 0 0 - - - - 94. of Ord.Capital Reserve ii).000 0 19.002 345.853 - - - - 5.006 127.12 18.000 0 10.99 0.Capital work in progress 2.51 16.107 746.Operating cash flow to debt ratio [F11 to (C+D)] 16.459 655.Selling & distribution expenses ii).Current Assets (B1+B2+B3+B4+B5) 1.82 0.Long term investments 7.809 80 569.630 66.624 875.027 331.Intangible assets 6.147 110.Short term investments 5.083 370.305 53.412 137.278 345.910) 452.698 135.882 452.202 164.057 211.00 14.000 343.756 615.317 28.16 0.Total value of bonus shares issued 11.355 93.General.Net profit margin (F7 as % of F1) 15.77 8.314 5.79 2.Inventories 3.43 50.Non-Current Assets (A1+A3+A5+A6+A7) 1.222 66.071 - - - - 65.47 1.89 92.000 0 - - - - 132.47 11.351 51.508 371.576 2.786 119.Return on assets [F7 as % of avg.886 68.572 180.510 134.261 51.678 242.Sales i).596 577.292.Cost of goods sold to sales (F2 as % of F1) 7.261 633.Total fixed liabilities (D1+D3) 3.621 55.867 331.882 359.29 1.06 84.092 163.472 637.114 41.414 0 58.249 221.88 1.042 164.64 0.Debt equity ratio [(C+D) to E] 8.82 699.Preference shares 2.651 676.704 183.48 686.195 30.24 0.660 720.Financial Statement Analysis of Non Financial Sector 2010 Island Textile Mills Ltd.820 1.Cost of material ii).000 0 190.652 130.Return on capital employed ( F7 as % of avg.Long term unsecured loans 3.16 0.Tax provision (current year) 9.(A+B)] 9.39 5.32 3.260 219.Issued.810 12.418 206.80 3.763 0.63 417.030 555.80 4.00 -77.000 532.404 9.789 774.40 2.Other current liabilities D.287 5.791 251.54 -42.353 1.883 569 19.000 0 216.Financial expenses as % of sales (F6 as % of F1) 3.62 3.38 0.Operating fixed assets at cost 3.086 18.670 56.Employees benefit obligations 5.Acid test or quick ratio[(B1+B3+B4) to C] 2.496 0 163.179 980.17 16.183 (145.103 10.685 143.24 7.378 594.67 1.39 1.492 16.857 479.024.567 5.Operation: 1.162 522.185 446.74 4.174 135.480 0 0 30.Short term Secured loans 2.343 11.Trade Debt 4.278 362.Other non-current liabilities E. wages and employee benefits 6.883 585.250 0 (33.794 275.384 48.470 431.499 111.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 386.395 317.104 155.479 G.06 1.546 0 68.475 345.270 5.004.433 30.830 362. shares] 17.Dividend cover ratio [(F7-F8) to F9] 12.801 211.97 3.Return of equity (F7 as % of avg.698 1.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.626 1.007.60 31.97 91.546 111.756 634.363 558 208.783 133.278 5.Financial expenses of which: (i) Interest expenses 7.38 0.280 17.Debentures/TFCs 4.568 87./share) (E/No.719 61. of Ord.875 3.500 0 373.810 179.362 0 6.74 0.Trade Debt as % of sales (B3 as % of F1) 4.Other non-current assets B.000 0 209.227 242.Operating fixed assets after deducting accumulated depreciation 4.71 .843 846.250 0 28.Net profit before tax 8.626 347.000 5.883 282.665 70 406.433 362.Inventory Turnover Ratio (F1 to B2) 13.13 3.760) 3.923 798.166) 5.06 -22.927 132.Break-up value shares (Rs.10 0.13 -11.90 0.34 0.88 2.07 2.871 66.826 172.440 60.000 0 344.47 1.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Current Liabilities (C1+C2) 1.72 -11.53 1.180 1.47 83.429 1.Ordinary Shares ii).82 1.335 345.Reserves i).240) 618.92 2.Gross Profit 4.Cost of sales i).581 386.006 (149.871 132. G1) 11.Salaries.55 1.98 0.180 - - - - 5.713 1.

111 (41.09 -0.Current ratio (B to C) 6.012 63.Acid test or quick ratio[(B1+B3+B4) to C] 2.Net profit before tax 8.051 126.Operation: 1.858 8.Break-up value shares (Rs.434 126.228 205 0 (40.Return of equity (F7 as % of avg.183 2.63 10.11 3.Gross Profit 4.52 -26.22 0.83 0.781 0 57.663 386. wages and employee benefits 6.013 15.548 0 6.101) 126.34 0.201 0 174.057 0 43.966 2.599 20.719) 2.028 470.012 0 (131.Revenue Reserve 3.954 0 0 27.396 20.801 94.637 50 18.40 0.594 446. Subscribed & Paid up capital i).012 0 (272.Short term investments 5.581 572.Inventory Turnover Ratio (F1 to B2) 13.Administrative and other expenses 5.63 3.927 0 388.190 322.803 0 0 - - - - 46.48 1.190 37.332) 11.615 369.32 103.Total capital employed (E+D) 2.232 387.412 16.677 352.728 332.46 0.Other current liabilities D.74 0.Capital Reserve ii).481 - - - - 12.Contractual Liabilities (G2+C1) H.00 -2.Assets turnover ratio [F1 to (A+B)] 5.561 (29.383 12.012 75.479) 15.96 97.324 332.010 0 (3.339) 0 173.79 -7.77 2.Other non-current assets B.012 (41.60 1.613 0 18.Cost of sales i).312 209.375 15.249 15.04 1.281 15.87 0.730 0 127. Items A.Total value of bonus shares issued 11.431 305.04 0.012 69.923) 1.191 0 158.77 11.Short term Secured loans 2.Cost of goods sold to sales (F2 as % of F1) 7.691 11.Key Performance Indicators 1.891 17.012 0 (13.012 126.439 1.096 23.Cost of material ii).012 0 17.26 -0.530 5.372 307.982 233.General.99 1.60 131.471 312.05 5.17 0.471 15.206 F.Salaries.028 0 436.111 (656) 15.Retention in business (F7-F8-F9) 4.230 221.00 0.81 -42.Inventories 3.244 2.877 0 259.186 0 0 0 0 - - - - 0 0 0 0 63.40 2.111 15.890 12.558 389.183 167.024 3.33 2.60 0.Local sales (Net) ii).919 31.240 215.19 -53.Return on capital employed ( F7 as % of avg.65 35./share) (E/No.63 0.774 0 83.Reserves i).900 50.367 15.29 6. Textile Mills Ltd.414 216.998 3.89 -0.674 539.935) 126.035 15.Long term unsecured loans 3.619 44.891 9.367 0 299.28 32.00 0.218 2.Shareholders Equity (E1+E2+E3) 1. of Ord.A.728 21.330 280. of Ord.92 0.298 2.012 126.Net profit margin (F7 as % of F1) 15.599 33.Trade Debt as % of sales (B3 as % of F1) 4.06 0.75 11.111 177.Tax provision (current year) 9.877 235.00 1.32 94.Total amount of dividend 10.434 126.Other current assets C.833 0 0 12.113) 15.967 30.771 47.Issued.13 0.03 -3.111 43.Preference shares 2.111 305.75 - - - - 2.(A+B)] 9.25 94.240 0 312.Return on assets [F7 as % of avg.012 112.416 0 0 10.79 92.16 7.49 0.05 0.504) 10.Operating fixed assets after deducting accumulated depreciation 4.01 0.41 0.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 205.Trade Debt 4.38 1.925) 554 0 0 (9.Current Liabilities (C1+C2) 1.36 4.858 191.587 - - - - (1.774 15.Depreciation for the year 5.90 8.455 315.Sales i).601 - - - - 0 0 0 0 - - - - 15.52 -0.04 0.50 -43.Intangible assets 6.084 G.05 0.111 215.36 0.039 126.002 143.050 470.488 0 0 (33.982 0 65.Operating cash flow to debt ratio [F11 to (C+D)] 16.00 1.717 159 48.185 6.079) 12.116 157.012 0 (278.Operating fixed assets at cost 3.51 .Other non-current liabilities E.439 1.13 3.402 549.807) 0 (272.117 13. E) 10.111 83.967 497.00 -0.616 0 17.29 3.111 (5.522) 0 309.350 26.880 26.54 0. administrative and other expenses i).405 27.591 1.92 -8.40 -23.Financial expenses as % of sales (F6 as % of F1) 3.736 212 0 2.78 0.54 0.923) 126.Employees benefit obligations 5.593 33.34 0.168 51.Non-Current Assets (A1+A3+A5+A6+A7) 1.773) 0 (278.Cash & bank balance 2.012 0 (167.057 15.756 556.16 2./share) [(F7-F8)/No.Debentures/TFCs 4.987 1.396 2.Selling & distribution expenses ii). shares] 17.82 0.223 9.Other input cost 3.49 -3.Long term secured loans 2.862 0 53.739 387.628 67.77 21.Earning per share after tax (Rs.878 38.926 65.576 8.807) 228.Export Sales (Net) 2.Dividend cover ratio [(F7-F8) to F9] 12.874 14.020 20.869 0 15.773) 126.820 571.578) - - - - 126.Current Assets (B1+B2+B3+B4+B5) 1.426 471.09 0.587 480.Capital work in progress 2.Total fixed liabilities (D1+D3) 3.111 0.53 35.Long term investments 7.111 299.111 2.403 191.088 0 7.306 590.61 - - - - - - -0.89 0.768 100.689 - - - - 309.661 21.Ordinary Shares ii).383 (18.162 0 9.Miscellaneous 1.574 509.37 0.463 259.Debt equity ratio [(C+D) to E] 8.Financial Statement Analysis of Non Financial Sector 2010 J.52 -18.67 -10.65 32.433 0 13.36 24.35 -5.97 -7.940 154.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Cash flows from operations - - - - 12.014 26.733 13.020 369. G1) 11.545 0 (36.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Financial expenses of which: (i) Interest expenses 7.345 432.061 20.652 126.70 106.350 15.629 65. shares) 80 - - - - - - 6.00 0.603 205.471 10.

340 54.454 134.329 515.442 263.42 0.791 178.000 272.639 98.303 899.931 747.017.012.Trade Debt as % of sales (B3 as % of F1) 4.778 270.Key Performance Indicators 1.468 517.Local sales (Net) ii).388 0 (48.246 254.26 0.26 -1.Financial expenses of which: (i) Interest expenses 7.965 242.043 1.27 12.K.993 (1.000 597.72 0.587 242.Export Sales (Net) 2.060.194 29.98 1.47 1.59 18.412 951.Preference shares 2.Administrative and other expenses 5.286 91.465 906.278 1.247 - - - - (5.34 8.Revenue Reserve 3.Net profit before tax 8.00 -2.000 0 371.354 0 101. E) 10. shares] 17.279 582.901 0 34.16 5.247 835.Return of equity (F7 as % of avg.17 12.Debentures/TFCs 4.940 122.54 -0.535 51.Total capital employed (E+D) 2.041 759.Depreciation for the year 5.994 0 0 14.501 409.Cost of material ii).847 122.602 23.565 367.14 -4.726 - - - - 480.253 70.110 29.513 341.520 22.13 19.845 0 228.Other non-current assets B.04 .02 2.820 423.19 - - - - -1.00 -6.Inventory Turnover Ratio (F1 to B2) 13.Selling & distribution expenses ii).Miscellaneous 1.916 338.Cash flows from operations - - - - 35. of Ord.11 -1.689 740. wages and employee benefits 6.406 207.Debt equity ratio [(C+D) to E] 8.13 3.733 477.12 -0.13 -13.25 0.31 48.124 128.468 0 (9.268 271.947 637.276 0 0 40.(A+B)] 9.Dividend cover ratio [(F7-F8) to F9] 12.968 614.15 6.472 12.017 73.279 814.472 743.Current Assets (B1+B2+B3+B4+B5) 1.Total fixed liabilities (D1+D3) 3.223 950.44 2.Tax provision (current year) 9.703 641.78 0.686 0 5.482 118.Retention in business (F7-F8-F9) 4.16 -0.031 181.Capital work in progress 2.701 G.770 70.155 687.03 5.906 77.616 615.176 39.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 457.235 717. administrative and other expenses i).68 0.Break-up value shares (Rs.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.36 8.107 366.252 483.67 -1.657 1.00 0.475 39.41 -6.683 147.008 937.000 0 413.000 0 268.32 34.04 23.422 96.752 5.472 457.Financial expenses as % of sales (F6 as % of F1) 3.710 22.Other input cost 3.418 899.566 6 124.Total value of bonus shares issued 11.44 32.Other non-current liabilities E.88 89.406 150.78 0.910 98.16 9.738 0 0 (10.245 354.41 60.98 1.167 199.890 61.46 0.Earning per share after tax (Rs.750 102.Assets turnover ratio [F1 to (A+B)] 5.135) 271.Other current liabilities D.660 7 80.869) 328.491 10.Ordinary Shares ii).909 88.22 0.87 38.689 634.General.819 98.011.Current Liabilities (C1+C2) 1.819 525.569 70.Current ratio (B to C) 6.Return on assets [F7 as % of avg.235 11.Capital Reserve ii).636 47.589 288.610 9.Short term Secured loans 2.Inventories 3.842 20.Reserves i).000 0 158.67 87.55 2.12 -0./share) [(F7-F8)/No.Non-Current Assets (A1+A3+A5+A6+A7) 1.615 8.21 0.888 0 192.327 8.475 121.942 35.080 173.21 4.857 291.110 101.344 8 127.216 - - - - 47.770 70.253 40.399 0.044 0 (15.Total amount of dividend 10.54 0./share) (E/No.55 0.Financial Statement Analysis of Non Financial Sector 2010 J.016 400.01 88.000 441.47 80.480 0 49.82 0.439 92.569 70.89 1.Contractual Liabilities (G2+C1) H.079 74.373 126.19 0.54 4.415 - - - - 0 0 0 0 - - - - 121.858 91.837 0 539.94 0.447 45.82 3. Items A.682 612.01 0.010.586 121.Salaries.04 78.Net profit margin (F7 as % of F1) 15.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.37 -0.254) 3.Other current assets C.Intangible assets 6.000 0 34.53 -1.94 2.418 433.254 66.50 0.21 6.Operating fixed assets at cost 3.741 1.593) 1.034 1.Gross Profit 4.791 19.881 70.Trade Debt 4.183 460.445 132.084 71.779 69. Subscribed & Paid up capital i).905 1.16 12. Spinning Mills Ltd.78 10.687 35.439 192.769 241.767 901.Operating fixed assets after deducting accumulated depreciation 4.Sales i).79 2.Cash & bank balance 2.011.079 61.Operation: 1.275 75.299 48.275 332.400 29.Long term unsecured loans 3.000 70.Operating cash flow to debt ratio [F11 to (C+D)] 16.Acid test or quick ratio[(B1+B3+B4) to C] 2.40 0.343 70.777 415.497 0 0 0 0 - - - - 0 0 0 0 403.Shareholders Equity (E1+E2+E3) 1.Short term investments 5. shares) 81 - - - - - 3.610 225.088) 372.455) 4.837 614.923 253.80 69.975 385.48 1.75 -2.33 0.890 717.328 288.70 41.000 421.864 0 158.000 70.024 35.44 -8.055 22.148. G1) 11.696 71.766 8 54.Cost of goods sold to sales (F2 as % of F1) 7.864 0 0 - - - - 63.124 F.710 (2.Cost of sales i).791 0 71.933 264.901 175.799 352.12 7.709 26.345 317.881 0 0 (41.094) 6.253 - - - - 70.04 -0.587 239.83 3.657 19.Employees benefit obligations 5.Long term secured loans 2.916 449.000 0 202.000 8.43 0.299 952.171 646.352 35.Issued.Long term investments 7.194 951.10 5.63 0.864 316.61 0.28 12.647 0 117.641 175.89 1. of Ord.953 1.57 86.775 107.252 73.813 7.244 372.29 6.15 - - - - 19.591 275.319) 291.19 63.467 380.383 28.578 137.Return on capital employed ( F7 as % of avg.98 -0.00 -1.881 73.459 997.682 515.200 24.

Debentures/TFCs 4.03 8.984.738 0 1.825.428 41.406 311.014 5.59 1.88 2. shares) 82 - - - - - - 1.504 37.876 1.Financial expenses of which: (i) Interest expenses 7.711 468.066 19.86 11.438 523.Long term investments 7.602 1.32 0.357 32.655 1.221 571.623 364.349 0 0 29.Earning per share after tax (Rs.863 0 13.Miscellaneous 1.553 0 934.132 1.Debt equity ratio [(C+D) to E] 8.427 460.970 1.726 60.010 5.Export Sales (Net) 2.Cost of material ii).553 326.Break-up value shares (Rs.761 12.293 28.000 559.75 3.Capital work in progress 2.35 -0.900 478.611 0 978.59 0.615 143.723 (149.946 377.060 41.510 1.57 - - - - -1.070 28.547.822 584.028.278.339 1.016 90.Sales i).Total fixed liabilities (D1+D3) 3.658 360.126 0 73.610 661.438 0 0 16.450 F.Ordinary Shares ii).Other non-current assets B.65 86.06 1.Other non-current liabilities E.17 1.73 -7.15 2.348) 2.02 3.420.75 93.365 746.22 0.47 0.93 2.556 356.567 1./share) (E/No.106 351.046 285.511 - - - - (9.55 1.547.776 10.281 17.010.687 31.929.730 31.556.71 -4.436 5.99 0.Trade Debt 4.225.70 -1.777 0 517.377 0 901.230 1.087 31.36 284.746 5.560 52.682 2.82 78.Depreciation for the year 5.454.22 -4.386 1. G1) 11.964 31.781 4.50 317.Other current assets C.003 1.Dividend cover ratio [(F7-F8) to F9] 12.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 1.Cost of goods sold to sales (F2 as % of F1) 7.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.547 7.99 2.Long term secured loans 2.286 1.063 18.848 523.59 0.Short term investments 5.56 0.05 -13.634 32.876 72.00 0. E) 10.035.11 8.217.878 970.787 1.647 40.66 94.788 1.411 25. shares] 17.225.29 3.Gross Profit 4.885.481 - - - - 326.537 0 1.524.776 143.Financial expenses as % of sales (F6 as % of F1) 3.655 68 857.66 0.52 0.25 1.421 164.453 277.569 214.365 902.367.07 9.974 1.38 -7.Net profit margin (F7 as % of F1) 15.Total amount of dividend 10.850 325.20 281.179.218 0 2.Trade Debt as % of sales (B3 as % of F1) 4.83 0.773 G.89 15.Operating fixed assets after deducting accumulated depreciation 4.Operation: 1.524.Retention in business (F7-F8-F9) 4.39 2. wages and employee benefits 6.075 1.773 37.05 237.339 (151.Intangible assets 6.428 151.079.631 523.777 545.079.546 142.Short term Secured loans 2.881.092 3.675 358.991 1.311 0.599 83.738 1.873 167.916 429.108 16.Salaries.377 970.777 889.00 4.Other input cost 3.57 92.130.608 53.Total value of bonus shares issued 11.048 - - - - 1.15 0.974 92.504 145. Subscribed & Paid up capital i).845 1.338 3.777 0 655.85 2.Net profit before tax 8.998 1.655 831.203 110.Contractual Liabilities (G2+C1) H.128 356.621 2.565 43.357 68.Current Assets (B1+B2+B3+B4+B5) 1.545 125.Key Performance Indicators 1.514.177 5.57 0.69 0.959 - - - - 34.823 130.84 0.003 430.987 174.03 -47.General.57 0.714 379.Inventories 3.312 478. of Ord.Long term unsecured loans 3.Employees benefit obligations 5.611 1.Revenue Reserve 3.521 638 485.36 0.228 427.071.Cost of sales i).06 8.33 0.581 1.600 43.Financial Statement Analysis of Non Financial Sector 2010 Janana De Malucho Textile Mills Ltd.319 0 0 (44.81 86.647 93.03 - - - - 20.462 29.22 -11.393 53. administrative and other expenses i).537 1.13 0.128 223.064 28.142.59 0.848 0 488.Return of equity (F7 as % of avg.44 0.028 23.87 262.474 684.Current ratio (B to C) 6.Selling & distribution expenses ii).836.811 767.561 0 0 0 0 - - - - 0 10.Operating fixed assets at cost 3.496 106.16 34.804 0 52.521 0 0 0 0 0 - - - - 351.454.Current Liabilities (C1+C2) 1.Local sales (Net) ii).807 28.635 0 0 - - - - 140.723 901.Inventory Turnover Ratio (F1 to B2) 13.655 0 869.998 50./share) [(F7-F8)/No.670 446.523) 881.Operating cash flow to debt ratio [F11 to (C+D)] 16.93 0.399 1.379.Preference shares 2.130.Administrative and other expenses 5.(A+B)] 9.821 604.382) 4.Acid test or quick ratio[(B1+B3+B4) to C] 2.071.79 7.870 34.003 54.60 0.Non-Current Assets (A1+A3+A5+A6+A7) 1.234) 523.54 0.32 0.58 0.801 584.510 698. Items A.267.48 0.00 -17.339 285.652 41.743 1.11 189.670 88.132 174.318 308.531 0 (49.39 11.045 1.765 748.471 404.Capital Reserve ii).Assets turnover ratio [F1 to (A+B)] 5.62 2.92 0.61 3.667) 404.Return on capital employed ( F7 as % of avg.834 0 0 175.596 61.345 462.376 0 10.55 0.276 26.04 13.53 0.33 0.344 1.438 148.095 2.Cash & bank balance 2.02 -2.613 1.198 0 (11. of Ord.670 555.655 0 138.881 26.624 423.Issued.873 28.064 0 296.862 108.405 375.938 125.511 1.852 0 0 6.495 379.209 37.188 513.940 0 78.179.Return on assets [F7 as % of avg.Reserves i).47 -1.78 0.66 .082 9.075 794.658 325.27 -17.Cash flows from operations - - - - 28.553 1.72 0.174) 2.096 31.Other current liabilities D.045 37.93 2.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Total capital employed (E+D) 2.970 28.497.00 -4.Tax provision (current year) 9.Shareholders Equity (E1+E2+E3) 1.577 715.043 517.091 630.962 78.99 -0.265 9.914 2.768 5.32 1.432 - - - - 31.

758 0 0 - - - - 60.61 -5.353 24.141 571.24 24.521 0 75. Subscribed & Paid up capital i).395 40.92 0. Items A.Total amount of dividend 10.Ordinary Shares ii).414 48.Shareholders Equity (E1+E2+E3) 1.280 89.Sales i).975 30.69 2.625 13.Export Sales (Net) 2.909 561.712) 324.Financial Statement Analysis of Non Financial Sector 2010 Jubilee Spinning & Weaving Mills Ltd.762 703.Other non-current assets B.19 0.Financial expenses of which: (i) Interest expenses 7.625 1.570 0 (3.Other current assets C.86 0.252 651.735 21.882 267 - - - - 0 137.186 0 871.897 862.98 0.Other non-current liabilities E.375 F.10 34.903 36.06 -0.923 70.112 57.Selling & distribution expenses ii).40 14.Earning per share after tax (Rs.059 10.88 3.00 0.553 649.158 0 0 43.Salaries.88 0.52 2.224 310.67 0.00 0.912 70.284 436.053 25.Inventory Turnover Ratio (F1 to B2) 13.82 0.681 43.169 244.42 -12.24 .Operation: 1.783 13.Return on capital employed ( F7 as % of avg.130 - - - - 5.285 0 707.099 385.986 1.096 4.05 0.Capital work in progress 2.269 7.455 0 412.895 10.152 70.912 0 (182.169 158.Non-Current Assets (A1+A3+A5+A6+A7) 1.952 200.882 90.199 565 101.Current Assets (B1+B2+B3+B4+B5) 1.34 2.Local sales (Net) ii).147 288.719 32.Long term investments 7.327 6.219 790.169 359.922 46.00 -0.480 154.632 336.769 0 0 118 3.29 1.537 327.Debt equity ratio [(C+D) to E] 8.257 - - - - 23.Operating fixed assets after deducting accumulated depreciation 4.983 70.046 9.483 231.541 38.253 108.625 (7.38 2.945 40.50 95.169 0 87.211 147.Net profit margin (F7 as % of F1) 15.353 30.79 1.989 10.885 0 741.482 - - - - 451.82 0.60 0.Key Performance Indicators 1.17 3.214 16.Total capital employed (E+D) 2.79 1.985 141.25 1.885 751.110 55.202 (84.Current ratio (B to C) 6.875 22.194 0 658.221 324.53 0.966 3.Other current liabilities D.548 127.628 14.318 - - - - 57. shares) 83 - - - - - - 14.Gross Profit 4.048 110.Administrative and other expenses 5.67 3.963 813.978 37.285 763. wages and employee benefits 6.76 0.258 666.059 14.02 0.912 687.700 25.Current Liabilities (C1+C2) 1.912 0 (144.929 0 2.485 36.23 21.309 40.692 37.129 2.Operating fixed assets at cost 3.Issued.973) 0 (144.00 -2.00 -1.308 64.326 507.(A+B)] 9.831 3.34 4.31 3.21 29.Net profit before tax 8.345 30.243 0 162.27 0.Return on assets [F7 as % of avg.636) 13.31 101.480 0 151.Total value of bonus shares issued 11.963 571.16 0.522 70.709 77.608) 70.Trade Debt as % of sales (B3 as % of F1) 4.76 4.26 0.489 0.688 20. of Ord.455 436.694) 48.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 231.19 0.89 1.683 636.099 375.02 0.777) 70.Cost of goods sold to sales (F2 as % of F1) 7. administrative and other expenses i).973) 514.498 9.325 97.067 14.13 0.317 42.528 154.787) 2.017) (11.595 36.830 751.962 3.441 0 0 43.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Assets turnover ratio [F1 to (A+B)] 5.679 513.194 651.Return of equity (F7 as % of avg.068 0 0 122.54 94.85 - - - - 10.50 26.169 0 (154.Miscellaneous 1.228 0 97.679 301.02 0.Intangible assets 6.319 0 556.897 8.319 581.40 0.Short term investments 5.00 21.223 104.344 0 (7.42 3.Financial expenses as % of sales (F6 as % of F1) 3.171 0 0 (4.130 763.Inventories 3.62 22.223 324.Long term secured loans 2.092 70.Cash flows from operations - - - - 17.528 301.05 0./share) [(F7-F8)/No./share) (E/No.228 38.412 7.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.767 10.153 13.64 0.141 110.984 22.501 5.467 28.00 20.49 98.589 0 665.Capital Reserve ii).433 660.34 5.General.Break-up value shares (Rs.90 1.441 22.81 -6.53 0. of Ord.618 22.237 24.505 17.04 2.05 1.Revenue Reserve 3.687 9.Cost of material ii).93 92.42 2. shares] 17.031 713.235 667.169 657.390 5.433 22.907 0 0 9.21 -6.Reserves i).80 1.59 1.Tax provision (current year) 9.76 0.154 106. E) 10. G1) 11.Operating cash flow to debt ratio [F11 to (C+D)] 16.Short term Secured loans 2.169 0 289.314 537.15 - - - - 1.217 104.848 5.Contractual Liabilities (G2+C1) H.638 570.28 2.07 0.958 36.07 1.120 19.053 14.192 288.20 4.18 0.Employees benefit obligations 5.75 3.640) 0 781.158 24.192 304.353 - - - - 324.Retention in business (F7-F8-F9) 4.273 189.Trade Debt 4.386 162.048 26.103 57.589 703.224 446.846 123.537 141.776 792.Cost of sales i).968 300.Preference shares 2.41 2.950 581.34 1.73 0.534 3.Depreciation for the year 5.Acid test or quick ratio[(B1+B3+B4) to C] 2.37 1.310 20.17 0.948 0 62.935 105.757 43.363 599.Debentures/TFCs 4.384 G.743 183.430 8.50 3.190 141.Long term unsecured loans 3.633 857.52 51.468 24.Cash & bank balance 2.169 0 173.19 0.Total fixed liabilities (D1+D3) 3.223 45.12 -0.826 6.Dividend cover ratio [(F7-F8) to F9] 12.305) (170.84 94.521 0 0 0 0 0 0 0 0 - - - - 162.34 2.620 0 4.Other input cost 3.

03 - - - - - - 0. of Ord.02 0.57 -0.Long term secured loans 2.21 -0.833 0 (12.Return of equity (F7 as % of avg.09 -221.Financial expenses as % of sales (F6 as % of F1) 3.Operating fixed assets after deducting accumulated depreciation 4.838 0 (12.833 (571) 11.General.94 - .833 0 (12.833 0 (12.74 15.17 0.Long term investments 7.Total fixed liabilities (D1+D3) 3.21 -50. shares] 17.Local sales (Net) ii).Tax provision (current year) 9.12 0.65 17.73 -0.Other input cost 3.20 -0.Reserves i).03 25.38 17.(A+B)] 9.21 -0.Capital work in progress 2.Operating fixed assets at cost 3.833 (863) 11.Miscellaneous 1.Salaries.13 0.03 0.Earning per share after tax (Rs.00 0.Current Assets (B1+B2+B3+B4+B5) 1.16 -0.Current Liabilities (C1+C2) 1.17 24.Trade Debt as % of sales (B3 as % of F1) 4.00 0.00 -0.833 (483) 11.Capital Reserve ii).833 0 (12.01 - - - - - - 0.Intangible assets 6.13 -113.Inventories 3./share) (E/No.34 12.192 0 - - - - 0 0 0 0 0 0 0 0 0 0 0 0 - - - - 0 0 0 0 0 0 (404) 11.Return on assets [F7 as % of avg.48 0.08 -0.59 17.Short term Secured loans 2. administrative and other expenses i).Non-Current Liabilities (D1+D2+D3+D4+D5) 1.833 11.Debt equity ratio [(C+D) to E] 8.04 -0.Sales i).00 0.81 12.15 -111.03 0.Administrative and other expenses 5.Depreciation for the year 5.Cash flows from operations - - - - 47 78 93 97 - - - - (47) 0 0 0 (78) 0 0 0 (93) 0 0 0 (98) 0 0 0 - - - - 0 1 0 (189) 0 0 0 (189) (404) 0 (47) 0 (483) 0 (78) 0 (571) 0 (93) 0 (674) 0 (98) 0 (863) 0 (189) 0 (1.Issued.07 -305.237) 11.Cost of sales i).29 15.74 -1.316) 11.Preference shares 2.Other current liabilities D.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 0 0 0 0 63 63 - - - - 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 - - - - 0 0 0 0 84 84 83 90 63 18 63 18 16 17 16 23 14 14 0 0 0 0 0 0 0 0 0 0 0 0 0 68 0 67 0 67 0 67 0 4 0 4 488 0 567 0 654 0 764 0 945 0 1.01 0.833 0 (12.833 (1.696) 0 (12.32 25.Operation: 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.34 0.Employees benefit obligations 5.86 17.65 -1.00 0.00 0.Operating cash flow to debt ratio [F11 to (C+D)] 16.Dividend cover ratio [(F7-F8) to F9] 12.Short term investments 5.Revenue Reserve 3.Cost of material ii).Total capital employed (E+D) 2.Total amount of dividend 10. shares) 84 - - - - - - -1. Items A.Cost of goods sold to sales (F2 as % of F1) 7. Subscribed & Paid up capital i).59 24.Net profit margin (F7 as % of F1) 15.696) 11. of Ord.Contractual Liabilities (G2+C1) H.Break-up value shares (Rs.943) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 - - - - 0 47 0 78 0 93 0 97 0 0 0 0 0 0 0 188 0 188 0 0 0 0 0 0 0 247 0 247 0 0 0 (247) 0 0 0 (247) F.Long term unsecured loans 3.59 -1.00 -0.507) - - - - 11. wages and employee benefits 6.Cash & bank balance 2.Financial expenses of which: (i) Interest expenses 7.08 -0.17 -92.110) 11.Key Performance Indicators 1.Total value of bonus shares issued 11.Other non-current liabilities E.Debentures/TFCs 4.Ordinary Shares ii).Financial Statement Analysis of Non Financial Sector 2010 Karim Cotton Mills Ltd.Current ratio (B to C) 6.Non-Current Assets (A1+A3+A5+A6+A7) 1.Selling & distribution expenses ii).943) 0 (12./share) [(F7-F8)/No.Other non-current assets B.Inventory Turnover Ratio (F1 to B2) 13.00 0.Gross Profit 4.Assets turnover ratio [F1 to (A+B)] 5.00 -0.409) 11.34 -1. G1) 11.Retention in business (F7-F8-F9) 4.Return on capital employed ( F7 as % of avg.00 0.59 -1.838 (674) 11.Export Sales (Net) 2.03 0. E) 10.192 0 488 0 567 0 654 0 764 0 945 0 1.Trade Debt 4.15 0.02 0.Net profit before tax 8.110) 0 (247) 0 0.Shareholders Equity (E1+E2+E3) 1.Other current assets C.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.02 - - - - 0 0 0 1 G.

Tax provision (current year) 9. shares] 17.296 251.216 105.56 0.10 4.287 395.80 -3.224 0 (8.Ordinary Shares ii).01 0.25 -7.133 436.Other current assets C.496 247 18.47 -0.692 419.31 94.Other non-current assets B.693 2.967 2.750 29.01 -9.204 208.Break-up value shares (Rs.098 228.049 193.343 640.Revenue Reserve 3.Salaries.315 8.Preference shares 2.322) 107.392 15.Financial expenses as % of sales (F6 as % of F1) 3.181 443.335 109.169 0 13.941 107.Selling & distribution expenses ii).524 228.22 -33.91 2.43 -3.524 10.Local sales (Net) ii).710 639.99 -31.000 161.222 260.335 0.79 14.000 0 48.229) 3.00 -3.119 21.00 -4.175 8.566 (25.Short term Secured loans 2.710 5.000 155.169 724.710 50.Trade Debt as % of sales (B3 as % of F1) 4.000 0 (122. of Ord.065 248.26 5.593 3.78 -13.Miscellaneous 1.222) 23.000 245.832 0 (48.670 248.630 149.Employees benefit obligations 5.044 93.46 0.17 -41.486 14./share) [(F7-F8)/No.761 447.26 0.40 13.639 101.537 424.22 -4.848 24.Shareholders Equity (E1+E2+E3) 1.156 14.091 9.00 -7.09 113.88 0.Long term investments 7.047 122.938 431.469 0 206.Other current liabilities D.62 -2.05 - - - - -2.33 -21.469 107.582 18.445 39.627 17.405 132.00 -0.748 (94.450 349.Current ratio (B to C) 6.865 425.85 99.673 5. E) 10.000 107.730 335.297 G.Total amount of dividend 10.993 0 207.897 494.33 3.115 19.32 0. G1) 11.329 0 117.62 105.945 712.682 521.207 301.Assets turnover ratio [F1 to (A+B)] 5. shares) 85 - - - - - - 2.104 21.Return of equity (F7 as % of avg.078 23.75 101.Financial Statement Analysis of Non Financial Sector 2010 Khalid Siraj Textile Mills Ltd.73 0.Short term investments 5.000 182.Retention in business (F7-F8-F9) 4.Intangible assets 6.12 0.470 0 0 (77.042 98.712 143.84 0.74 0.663 13.661 18.37 -15.857 429.Operating fixed assets at cost 3.22 -23.511 11.949 278.Capital Reserve ii).03 2.60 - - - - 11.69 17.Inventories 3.322) 0 (122.02 5.213 0 177.541) F.607 107.146) 13.10 3.Other non-current liabilities E.627 - - - - 0 0 0 0 - - - - 39.81 1.132 7.517) 93.634 0 0 (3.096 0 (28. Subscribed & Paid up capital i).20 1.Cash flows from operations - - - - 10.847 500.Cost of goods sold to sales (F2 as % of F1) 7.08 5.928 390 15.Gross Profit 4.Key Performance Indicators 1.000 0 138.543 48.990 0 383.78 25.144) 3.90 -15.571 33.960 0 (80.Cash & bank balance 2.049 25.305 136.60 -5.Dividend cover ratio [(F7-F8) to F9] 12.Other input cost 3.023 17.Acid test or quick ratio[(B1+B3+B4) to C] 2.078 (34.Financial expenses of which: (i) Interest expenses 7.807 285.24 -0.803 22.95 172.82 -0.000 107.48 -17.35 -2.81 9. of Ord.243 18.General.489 49.Operating fixed assets after deducting accumulated depreciation 4.152 208.Sales i).23 1.225 273.283 7.668 0 (40.374 75. Items A.03 0.250 107.941 224.Cost of material ii).Long term unsecured loans 3.400 133.58 1.471) 105.156 0 150.Debt equity ratio [(C+D) to E] 8.240 72.00 15.450 224.39 2.04 98.283 0 18.114 380.01 -2.(A+B)] 9.41 6.175 107.58 -9.91 -1.558 657.000 0 (88.89 0.Total capital employed (E+D) 2.952 473.089 11.171 191.657 47.000 0 15.998 107.761 13.Depreciation for the year 5.162 0 0 (12.Contractual Liabilities (G2+C1) H.93 5.251 73.Issued.Reserves i).305 354.039 39.Current Assets (B1+B2+B3+B4+B5) 1.06 0.774 381.799 52.768 2.738) 0 (88.928 15.934 3.Return on assets [F7 as % of avg.Operating cash flow to debt ratio [F11 to (C+D)] 16.Net profit margin (F7 as % of F1) 15.451 1.557 68.Debentures/TFCs 4.250 - - - - 107.415 0 0 0 0 - - - - 0 0 0 0 271.811) 1.932 - - - - 15.53 11.419) 2.249 99.31 0.79 1.555) 15.93 0.392 (6.967 0 94.153 20.225 241.998 107.Trade Debt 4.44 -14.329 365.670 14.001 11.33 -46.63 1.941 12.405 90.719 - - - - 361.Non-Current Assets (A1+A3+A5+A6+A7) 1.288 0 0 - - - - 4.Inventory Turnover Ratio (F1 to B2) 13.993 311 487.Capital work in progress 2.Administrative and other expenses 5.431 10.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 248.263 164.210 325.Total fixed liabilities (D1+D3) 3.126 0 0 (46.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.733 293.Current Liabilities (C1+C2) 1.Earning per share after tax (Rs.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.635 (56.761 19.405 455.Return on capital employed ( F7 as % of avg.896 473.Total value of bonus shares issued 11.545) 132.938 - - - - (6.003 479.03 -9.587 0 180.778) 68.67 4.489 0 0 (38.56 1. wages and employee benefits 6.53 -9.Long term secured loans 2.210 181.52 22.13 40.02 -28.032) 312.469 (96./share) (E/No.221 0 107.665 0 388.730 346. administrative and other expenses i).103) 2.607 107.896 10.036 0 101.93 1.17 2.304 430.001) 2.92 .89 0.738) 177.Net profit before tax 8.128 691.100 25.518 17.Cost of sales i).02 2.300) 99.Export Sales (Net) 2.Operation: 1.132 266.46 -11.96 0.399 83.17 0.815 137.265) 48.000 0 166.

00 -5.Contractual Liabilities (G2+C1) H.57 -37.553 3.04 0.60 -11.504 253.Key Performance Indicators 1.309 11.92 1.775 378.325) 123.54 0.05 2.06 0. wages and employee benefits 6.358 22.612 - - - - 473.31 0.075 131.Short term Secured loans 2.444 - - - - 10.680) 12.Shareholders Equity (E1+E2+E3) 1.Inventories 3.930 44.814 82.89 -3.Cost of goods sold to sales (F2 as % of F1) 7.130) - - - - 131.748 0 134.074) 131.558 101.Other non-current assets B.33 -5.41 0.18 15.941 - - - - 38.989 (19.610) 110.Administrative and other expenses 5.930 410.89 0.554 0 0 0 0 93.491 253.130 417.44 -13.83 0.055) 131.293 0 587.Net profit before tax 8.Miscellaneous 1.Cash flows from operations - - - - 11.91 0.90 2.Debt equity ratio [(C+D) to E] 8.768 2.587 2.43 - - - - 16.267 69.782 99.Trade Debt 4.19 4.880 247.80 0./share) (E/No.344 113.546 51.630 211.Cost of material ii).75 1.Total capital employed (E+D) 2.310 82.32 4.624 0 397.84 .43 0.Export Sales (Net) 2.Tax provision (current year) 9.Return of equity (F7 as % of avg.563 32.Operating fixed assets at cost 3.366 127. administrative and other expenses i).382) 131.36 2.330 0 521.748 0 (12.381 F.430 4.83 3.00 0.63 89.Current Liabilities (C1+C2) 1.10 -14.134 115.Current Assets (B1+B2+B3+B4+B5) 1.Issued.018.387) 101.004 - - - - 268.33 -17.Break-up value shares (Rs.851 0 19.406 0 - - - - 90.837) 16.773 0 0 (39.02 -7.Total value of bonus shares issued 11.672 335.06 5.Other current liabilities D.554 3. of Ord.374) 17.694 2.General.965 17.748 0 (169.241 268.348 82.924) 356.Financial expenses of which: (i) Interest expenses 7.76 -21.00 -34.Debentures/TFCs 4. shares) 86 - - - - - - 5.187 36.483 289. Items A.027 0 0 (67.95 -19.045 68.494 (100.964 G.496 264.54 0.63 -6.192 365.Capital work in progress 2.25 0.430 90.520 1.77 0.990 0 12.Intangible assets 6.075 0 (41.272 0 20.139 131.590) 131.428 22.590) 0 (346.04 -21.39 - - - - 2.835 110.401 0 454.575 0 539.Total fixed liabilities (D1+D3) 3.Operating cash flow to debt ratio [F11 to (C+D)] 16.Assets turnover ratio [F1 to (A+B)] 5.Other input cost 3.382 408.930 (84.106 11.748 0 (346.799 106.171 43.393 133.18 -26.607 0 15.253 0 85.466 4.485 5.444 292.256 46.038 111.804) 131.78 0.461 502.401 405.Retention in business (F7-F8-F9) 4.Operation: 1.768 405.59 20.018 21.242 550.Capital Reserve ii).674 131.744 1.916 34.831 331.989 18.748 131.14 9.042 0 0 (88.171 373.920 0 346.Financial Statement Analysis of Non Financial Sector 2010 Khurshid Spinning Mills Ltd.82 3.920 292.074 99.748 30.178 0 (90.69 0.778 57.Revenue Reserve 3.789 132.682 80.64 0.Acid test or quick ratio[(B1+B3+B4) to C] 2.325) 0 (393.36 3.748 0 (393.793 0 24.Ordinary Shares ii).33 -20.30 -0.63 0.(A+B)] 9.522 373.Operating fixed assets after deducting accumulated depreciation 4.748 (150.56 -17.614 19.748 0 (101.624 378. G1) 11.Reserves i).649 1.649 56.368 3.850 265.593 20.483 216.01 5.317) 18.58 -45.485) 0 0 0 (22.392 2.67 0.Earning per share after tax (Rs.Salaries.384 127.04 1.345) 2.127 3.Long term unsecured loans 3.644 415.880 281.91 1.084 426. Subscribed & Paid up capital i).44 -7.03 7. of Ord.89 118.392 19.54 -13.207 0 7.Current ratio (B to C) 6.Return on capital employed ( F7 as % of avg.993 14.Long term investments 7.Employees benefit obligations 5.868 373.46 105.344 323.Selling & distribution expenses ii).092 426.49 0.194 9.27 112.112 518.080 0 18./share) [(F7-F8)/No.554 (100.207 (53.384 180.496 (100.737 410.382 0 405.93 0.Depreciation for the year 5.38 3. shares] 17.583 (100.347 545.99 -37.03 11.14 -118.Total amount of dividend 10.Trade Debt as % of sales (B3 as % of F1) 4.329 15.21 82.703 97.504 179.353 0.748 (91.750 2.75 0.600 213.854) 99.Local sales (Net) ii).893 0 0 - - - - 31.76 0.174 5.485) 325.00 -6.19 5.31 155.038 0 0 0 0 - - - - 0 0 0 0 119.04 -7.949 264.28 -2.672 41.191 50.Preference shares 2.698 1.40 7.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 426.609) 131.82 -37.654 373.Non-Current Assets (A1+A3+A5+A6+A7) 1.559 408.125 289.Net profit margin (F7 as % of F1) 15.138 101.Cost of sales i).151) 311.936 266.Other current assets C.Long term secured loans 2.94 0.Financial expenses as % of sales (F6 as % of F1) 3.Dividend cover ratio [(F7-F8) to F9] 12.02 5.Other non-current liabilities E. E) 10.00 -3.929 33.540 79 12.11 0.576 71.Sales i).748 119.823 131.31 116.68 -26.049 35.018 426.36 99.60 1.Inventory Turnover Ratio (F1 to B2) 13.299 111.499 101.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.936 111.267 0 (69.18 -9.151) 0 0 0 8.748 (37.200 169.325 291.457 362.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Cash & bank balance 2.011 29.192 142.57 -2.Gross Profit 4.965 (49.259 189.868 0 335.717) 1.Return on assets [F7 as % of avg.301 610 1.293 502.827) 2.Short term investments 5.97 42.

Financial Statement Analysis of Non Financial Sector 2010

Khyber Textile Mills Ltd.
Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

53,715

48,344

41,208

41,190

39,994

30,798

-

-

-

-

323,965

323,965

316,232

316,232

0
219,314

0
219,314

53,715
4,357

48,344
5,372

41,208
4,567

41,190
18

30,723
17

30,709
14

0

0

0

0

-

-

-

-

0
0

0
0

79,088

71,884

39,259

12,116

9,271
6,725

89
6,642

2,091

3,715

4,218

213

92

49

73,687
1,018

45,622
0

17,985
24

0
24

0
0

0
0

0
2,292

0
22,547

0
17,032

0
11,879

0
6,633

0
6,593

129,887
19,881

135,369
23,149

67,934
11,039

31,781
0

63,837
4,155

56,427
4,155

110,006
0

112,220
0

56,895
0

31,781
8,992

59,682
19,786

52,272
20,690

-

-

-

-

9,349

5,194

0

0

0

0

1,445
0

15,496
0

-

-

-

-

0

0

0

8,992

0
8,992

0
0

2,916
12,275

(15,141)
12,275

12,533
12,275

12,533
12,275

(36,903)
12,275

(39,677)
12,275

12,275
0
(9,359)

12,275
0
(27,416)

12,275
0
258

12,275
0
258

-

-

-

-

12,275
0
(49,178)
258
(49,436)

12,275
0
(51,952)
258
(52,210)

0

0

258,924
258,924
0
257,113

405,950
405,950
0
398,241

461,628
461,628
0
466,398

14,694
14,694
0
22,054

-

-

-

-

1,811
3,078

7,709
3,890

(4,770)
7,613

(7,360)
2,251

0
0
0
0
0
0
0
8,716
0
8,716

0
0
0
0
0
0
0
2,903
0
2,903
1,428
5
0
(2,583)
0
0
0
(9,939)

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

-

-

-

-

3,078

3,890

7,613

2,251

-

-

-

-

(3,091)
1,126
0
0

967
2,030
0
0

(4,662)
2,360
0
0

(8,636)
80
0
0

-

-

-

-

1,273
10
0
(1,433)
0
0
0
4,328

2,916
0
(4,217)
19,881

(15,141)
0
(1,063)
23,149

12,533
0
(7,022)
11,039

21,525
0
(8,716)
0

(17,118)
9,349
(1,433)
13,504

(18,987)
5,194
(2,583)
9,349

0.02
0.71
0.39
1.95
0.61
99.30
44.54
-2.43
-60.89
-60.89

0.03
0.73
0.00
3.38
0.53
98.10
-8.94
0.76
-15.82
-15.82

0.06
0.56
0.01
5.74
0.58
101.03
5.42
-4.65
357.52
357.52

0.01
1.61
0.16
0.28
0.38
150.09
3.25
-12.91
-68.91
-50.71

0.00

0.00

-

-

0.00
0.11

0.00
0.12

-

-

-

-

1,840

2,951

2,577

236

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

87

-

-

-

3.51

8.90

25.67

-

-

-

-

-1.19
0.00
-3.44
2.38

0.24
0.00
-0.87
-12.33

-1.01
0.00
-5.72
10.21

-58.77
0.00
-7.10
10.21

-

-

-2.27
-2.87
11.76
-65.03

-1.94
-6.14
6.75
14.31

-

-

0.05
-1.17
-30.06

-0.13
-2.10
-32.32

Financial Statement Analysis of Non Financial Sector 2010

Kohat Textile Mills Ltd.
Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

664,040

702,160

664,961

752,160

866,002

828,870

-

-

-

-

942,836

1,016,987

1,045,242

1,144,864

0
1,129,943

10,316
1,098,262

654,965
36,063

685,151
56,579

664,698
56,856

752,160
396,943

792,683
60,046

748,745
43,450

9,075

17,009

263

0

-

-

-

-

0
0

0
0

459,479

482,675

539,486

549,278

73,319
379,812

69,809
706,212

2,812

442

115

57

811

575

356,229
76,714

329,439
131,915

338,671
139,426

188,602
267,681

101,094
237,316

421,020
221,283

0
23,724

0
20,879

0
61,274

0
92,938

0
40,591

0
63,334

505,045
448,616

566,677
475,670

571,190
426,308

632,393
501,734

530,909
370,283

833,199
633,020

56,429
321,711

91,007
273,125

144,882
311,769

130,659
302,999

160,626
417,150

200,179
387,669

-

-

-

-

295,473

262,500

0

0

0

0

100,000
0

100,000
0

-

-

-

-

321,711

273,125

311,769

302,999

20,659
1,018

23,906
1,263

296,763
88,000

345,033
208,000

321,488
208,000

366,046
208,000

297,755
208,000

314,214
208,000

88,000
0
208,763

208,000
0
137,033

208,000
0
113,488

208,000
0
158,046

-

-

-

-

208,000
0
(226,094)
0
(226,094)

208,000
0
(195,256)
0
(195,256)

315,849

301,470

869,620
869,620
0
843,532

1,180,286
1,173,836
6,450
1,054,752

1,317,002
1,299,712
17,290
1,215,132

1,438,648
1,437,458
1,190
1,370,940

-

-

-

-

26,088
26,266

125,534
38,651

101,870
42,698

67,708
42,088

1,444,643
1,416,986
27,657
1,444,217
927,048
517,169
426
50,255
10,365
39,890

1,686,696
1,686,696
0
1,514,660
1,253,036
261,624
172,036
56,900
6,752
50,148
121,372
94,341
78,237
21,652
8,433
0
0
(147,876)

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

-

-

-

-

26,266

38,651

42,698

42,088

-

-

-

-

(34,613)
0
0
0

4,470
5,890
0
0

(34,572)
6,575
0
0

(86,099)
7,194
0
0

-

-

-

-

105,558
140,849
121,173
(189,993)
258
0
0
190,007

618,474
0
(34,613)
448,616

618,158
0
(1,420)
475,670

633,257
0
(41,147)
426,308

669,045
0
(93,293)
501,734

714,905
295,473
(190,251)
665,756

701,883
262,500
13,219
895,520

0.16
3.99
8.82
0.77
0.91
97.00
2.79
-3.29
-13.35
-6.09

0.23
7.06
11.18
1.00
0.85
89.36
2.43
0.39
1.39
0.72

0.24
7.20
10.59
1.09
0.94
92.27
2.75
-2.89
-10.37
-5.53

0.42
7.81
18.61
1.11
0.87
95.29
2.56
-6.87
-25.05
-13.22

0.45
9.75
16.43
1.16
0.72
99.97
3.18
-14.92
-57.24
-27.46

0.27
5.59
13.12
1.10
0.85
89.80
3.89
1.56
7.08
3.06

-

-

-

-

34,664

83,357

94,791

112,392

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

88

-

-

-

-

-

-

2.44

3.58

3.89

7.63

14.29
-0.57
-13.15
0.20
-9.15
14.32

4.01
1.28
1.28
-0.12
0.64
15.11

-

-

-

-

-3.98
0.00
-3.93
33.72

0.38
0.00
-0.07
16.59

-2.63
0.00
-1.98
15.46

-5.98
0.00
-4.49
17.60

Financial Statement Analysis of Non Financial Sector 2010

Kohinoor Industries Ltd.
Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

3,479,738

1,558,434

1,506,752

849,283

817,018

794,215

-

-

-

-

4,035,571

2,194,486

2,198,850

862,979

0
827,646

0
834,381

3,479,738
37,101

1,558,434
51,864

1,506,752
57,520

849,283
27,373

792,782
17,939

775,026
17,115

0

0

0

0

-

-

-

-

0
20,811

0
15,763

798,348

423,134

524,981

542,666

3,426
115,194

3,426
26,906

66,724

41,454

93,329

24,762

8,870

8,971

365,392
7,562

239,982
1,638

215,787
6,854

14,608
0

5,813
5,075

0
2,686

17,685
340,985

10,935
129,125

105,408
103,603

51,570
451,726

0
95,436

0
15,249

3,158,524
1,413,238

1,066,449
401,279

1,032,458
449,172

790,791
25,671

116,987
7,943

30,122
865

1,745,286
0

665,170
2,695

583,286
115,762

765,120
101,748

109,044
426,463

29,257
438,463

-

-

-

-

426,463

438,463

0

0

0

0

0
0

0
0

-

-

-

-

0

2,695

115,762

101,748

0
0

0
0

1,119,562
288,596

912,424
288,596

883,513
288,596

499,410
303,025

388,763
303,025

352,535
303,025

288,596
0
830,966

288,596
0
623,828

288,596
0
594,917

303,025
0
196,385

-

-

-

-

303,025
0
(556,255)
187,395
(743,650)

303,025
0
(590,809)
187,395
(778,204)

641,993

640,320

765,819
765,819
0
728,973

1,005,158
1,005,158
0
894,265

1,012,304
1,012,304
0
949,549

241,479
241,479
0
234,932

-

-

-

-

36,846
69,987

110,893
73,801

62,755
117,943

6,547
134,812

0
0
0
0
0
0
0
301,814
0
301,814

0
0
0
0
0
0
0
54,300
0
54,300
13,211
272
196
(35,849)
379
0
0
(6,875)

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

-

-

-

-

69,987

73,801

117,943

134,812

-

-

-

-

(34,866)
4,561
0
0

89,045
5,039
0
0

(118,005)
5,391
0
0

(151,579)
1,880
0
0

-

-

-

-

44,449
14,916
14,498
(301,194)
485
0
0
(72,598)

1,119,562
0
(39,427)
1,413,238

915,119
0
84,006
401,279

999,275
0
(123,396)
449,172

601,158
0
(153,459)
25,671

815,226
426,463
(301,679)
434,405

790,998
438,463
(36,228)
439,327

0.03
4.36
0.99
0.18
0.25
95.19
2.82
-0.84
-3.01
-2.84

0.05
5.43
0.16
0.51
0.40
88.97
1.17
2.85
8.76
8.75

0.20
6.65
0.68
0.50
0.51
93.80
1.30
-5.88
-13.14
-12.33

0.10
13.66
0.00
0.17
0.69
97.29
1.79
-8.85
-21.92
-18.94

0.12

0.39

-

-

0.00
0.98

0.00
0.89

-

-

-

-

33,420

54,622

67,277

32,983

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

89

-

-

1.40
-25.92
-67.82
-42.53

1.33
-4.09
-9.67
-4.46

-

-

-

-

-

-

2.10

4.19

4.69

16.53

0.00
-19.78

-

-

-

-

-4.55
0.00
-1.37
38.79

8.86
0.00
2.91
31.62

-11.66
0.00
-4.28
30.61

-62.77
0.00
-5.06
16.48

-181.87

-

-

-0.13
-9.96
12.83

-0.01
-1.20
11.63

Financial Statement Analysis of Non Financial Sector 2010

Kohinoor Mills Ltd.
Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

3,841,463

4,104,627

4,104,627

4,104,627

5,628,503

5,408,094

-

-

-

-

5,074,467

5,561,093

5,561,093

5,561,093

76,673
7,643,941

42,653
7,730,380

3,841,463
163,504

4,099,627
268,132

4,099,627
268,132

4,099,627
268,132

5,483,273
272,679

5,299,081
323,789

0

5,000

5,000

5,000

-

-

-

-

42,474
0

40,452
0

3,088,372

3,718,892

3,718,892

3,718,892

26,083
3,415,467

25,908
3,249,760

139,334

181,197

181,197

181,197

281,229

76,535

1,155,956
594,753

1,614,546
1,038,802

1,614,546
1,038,802

1,614,546
1,038,802

1,226,956
872,369

1,155,317
774,727

211,160
987,169

275,634
608,713

275,634
608,713

275,634
608,713

172,526
862,387

272,264
970,918

3,222,566
2,534,289

4,679,882
3,645,542

4,679,882
3,645,542

4,679,882
3,645,542

6,150,478
4,782,795

7,363,807
5,432,643

688,277
2,013,425

1,034,340
1,438,956

1,034,340
1,438,956

1,034,340
1,438,956

1,367,683
1,016,955

1,931,164
438,911

-

-

-

-

948,092

346,049

199,995

119,997

119,997

119,997

0
0

0
0

-

-

-

-

1,813,430

1,318,959

1,318,959

1,318,959

0
68,863

0
92,862

1,693,844
330,591

1,704,681
330,591

1,704,681
330,591

1,704,681
330,591

1,876,538
509,110

855,136
509,110

330,591
0
1,363,253

330,591
0
1,374,090

330,591
0
1,374,090

330,591
0
1,374,090

-

-

-

-

509,110
0
330,102
242,870
87,232

509,110
0
(678,128)
386,720
(1,064,847)

3,840,805
1,061,002
2,779,803
3,636,731

6,450,087
1,346,094
5,103,993
5,728,198

6,450,087
1,346,094
5,103,993
5,728,198

6,450,087
1,346,094
5,103,993
5,728,198

-

-

-

-

204,074
256,997

721,889
347,377

721,889
347,377

721,889
347,377

1,037,326

1,024,153

7,708,699
2,248,052
5,460,647
7,032,940
5,364,632
1,668,308
675,759
974,488
502,178
472,310

6,408,882
1,673,349
4,735,533
6,055,350
4,158,318
1,897,032
353,532
827,009
429,616
397,393
451,466
724,448
650,049
(1,118,974)
55,513
0
0
(152,880)

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

-

-

-

-

256,997

347,377

347,377

347,377

-

-

-

-

(182,124)
27,847
30,054
30,054

6,049
59,218
0
0

6,049
59,218
0
0

6,049
59,218
0
0

-

-

-

-

590,395
706,782
610,484
(694,889)
54,340
0
0
329,628

3,707,269
199,995
(240,025)
2,734,284

3,143,637
119,997
(53,169)
3,765,539

3,143,637
119,997
(53,169)
3,765,539

3,143,637
119,997
(53,169)
3,765,539

2,893,492
948,092
(749,229)
5,730,887

1,294,046
346,049
(1,174,487)
5,778,692

0.29
3.65
15.49
0.55
0.96
94.69
3.09
-2.85
-10.30
-5.42
-6.99
3.32

0.32
6.34
16.11
0.82
0.79
88.81
3.59
0.08
0.36
0.18

0.32
6.34
16.11
0.82
0.79
88.81
3.59
0.08
0.35
0.19

0.32
6.34
16.11
0.82
0.79
88.81
3.59
0.08
0.35
0.19

0.22
9.17
11.32
0.85
0.56
91.23
3.82
-8.24
-38.81
-23.02

0.15
11.30
12.09
0.74
0.44
94.48
9.12
-12.64
-81.93
-53.44

-

-

-

-

140,054

408,655

408,655

408,655

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

90

-

-

-

-

-

3.99

3.99

3.99

6.28
-0.14
-9.01
0.05
-14.72
36.86

5.55
-0.72
-17.46
-0.02
-23.07
16.80

-

-

-

-

-4.74
0.00
-6.35
51.24

0.09
0.00
-1.61
51.56

0.09
0.00
-1.61
51.56

0.09
0.00
-1.61
51.56

Financial Statement Analysis of Non Financial Sector 2010

Kohinoor Spinning Mills Ltd.
Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

712,037

1,124,428

1,123,377

1,201,968

1,223,998

1,210,883

-

-

-

-

1,632,468

2,105,479

2,004,362

2,003,895

0
2,387,557

0
2,382,968

712,037
54,115

1,124,428
70,455

1,123,377
60,999

1,201,968
59,336

1,218,664
65,480

1,199,289
65,916

0

0

0

0

-

-

-

-

0
516

0
274

977,491

824,581

739,561

1,085,587

4,819
1,369,117

11,320
1,472,305

197,501

170,191

144,352

8,519

1,357

3,004

528,844
17,890

542,502
29,758

442,694
48,081

703,921
68,377

953,282
88,546

1,009,537
164,136

26,693
206,563

466
81,664

482
103,952

1,355
303,415

71,500
254,432

41,500
254,127

2,008,532
691,520

1,263,358
501,124

1,127,355
488,228

1,371,711
767,475

1,347,931
950,202

1,527,764
1,137,469

1,317,012
157,195

762,234
271,907

639,127
303,847

604,236
472,618

397,729
1,005,031

390,295
772,037

-

-

-

-

575,226

336,753

0

0

0

0

397,000
0

397,000
0

-

-

-

-

157,195

271,907

303,847

472,618

32,805
0

38,284
0

(476,199)
394,875

413,744
1,300,000

431,736
1,300,000

443,226
1,300,000

240,154
1,300,000

383,387
1,300,000

394,875
0
(871,074)

1,300,000
0
(886,256)

1,300,000
0
(868,264)

1,300,000
0
(856,774)

-

-

-

-

1,300,000
0
(1,059,846)
0
(1,059,846)

1,300,000
0
(916,613)
0
(916,613)

1,517,858
494,224
1,023,634
1,356,141

2,152,185
688,760
1,463,425
1,912,039

2,418,373
1,214,997
1,203,376
2,149,715

2,511,538
1,598,760
912,778
2,242,794

-

-

-

-

161,717
77,848

240,146
105,818

268,658
123,855

268,744
130,773

0

0

2,885,619
1,794,879
1,090,740
2,645,530
1,897,917
747,613
240,089
163,102
72,577
90,525

4,214,153
2,374,711
1,839,442
3,546,852
2,588,777
958,075
667,301
199,112
102,183
96,929
325,109
303,085
253,281
173,742
30,268
65,000
0
96,950

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

-

-

-

-

77,848

105,818

123,855

130,773

-

-

-

-

62,642
21,678
0
0

36,565
21,820
97,500
0

36,964
18,051
0
0

23,269
12,652
0
0

-

-

-

-

250,108
275,053
230,245
(191,207)
11,025
0
0
(248,025)

(319,004)
0
40,964
691,520

685,651
0
(82,755)
501,124

735,583
0
18,913
488,228

915,844
0
10,617
767,475

1,245,185
575,226
(202,232)
1,525,428

1,155,424
336,753
78,474
1,474,222

0.12
4.18
1.18
0.90
0.49
89.35
-4.55
3.66
-12.81
-23.91

0.16
5.69
1.38
1.10
0.65
88.84
3.71
2.01
-117.09
19.95
0.15
3.97

0.17
4.75
1.99
1.30
0.66
88.89
3.31
1.94
8.74
5.20

0.06
4.94
2.72
1.10
0.79
89.30
4.16
1.12
5.32
2.82

0.12
9.53
3.07
1.11
1.02
91.68
9.80
-7.84
-55.96
-17.70

0.14
7.19
3.89
1.57
0.96
84.17
6.00
6.59
55.73
14.47
2.21
4.17
1.69
4.12
0.04
1.10
2.95

-

-

-

-

63,500

122,363

114,860

123,973

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

2.87

91

-

-

-

5.46

3.57

3.03
0.17
-6.63
-0.11
-1.56
1.85

-

-

-

-

4.13
0.00
1.04
-12.06

1.70
0.00
0.11
3.18

1.53
0.00
0.15
3.32

0.93
0.00
0.08
3.41

Financial Statement Analysis of Non Financial Sector 2010

Kohinoor Textile Mills Ltd.
Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

10,836,428

3,561,259

3,971,021

3,972,540

8,143,655

10,501,191

-

-

-

-

13,407,225

5,144,283

5,475,591

6,048,099

92,336
6,552,906

86,324
9,275,570

11,128,568
540,424

3,561,259
253,478

3,971,021
327,480

3,972,540
363,853

4,047,897
369,616

6,409,975
371,618

(292,140)

0

0

0

-

-

-

-

0
3,969,805

0
3,970,005

5,135,379

7,778,730

10,513,032

9,542,782

33,617
5,131,884

34,887
6,556,108

518,142

436,811

63,371

75,387

80,297

78,851

2,860,570
732,979

1,607,795
887,407

1,755,097
1,062,320

1,673,062
1,340,460

1,779,826
1,050,101

2,393,113
1,329,065

360,231
663,457

3,828,749
1,017,968

5,937,832
1,694,412

3,756,737
2,697,136

607,610
1,614,050

642,111
2,112,968

4,700,328
3,642,713

3,909,345
2,938,757

4,509,338
2,775,505

5,485,049
3,994,524

6,762,527
5,727,513

8,169,138
6,838,894

1,057,615
4,071,560

970,588
2,723,236

1,733,833
2,680,804

1,490,525
3,044,651

1,035,014
2,190,079

1,330,244
1,853,068

-

-

-

-

2,019,490

1,695,072

184,150

71,250

0

0

0
0

0
0

-

-

-

-

3,887,410

2,651,986

2,680,804

3,044,651

0
170,589

0
157,996

7,199,919
962,158

4,707,408
1,058,374

7,293,911
1,455,262

4,985,622
1,455,262

4,322,933
1,455,262

7,035,093
1,455,262

962,158
0
6,237,761

1,058,374
0
3,649,034

1,455,262
0
5,838,649

1,455,262
0
3,530,360

-

-

-

-

1,455,262
0
1,604,079
583,336
1,020,743

1,455,262
0
1,906,006
607,402
1,298,604

1,263,592

3,673,825

9,060,371
6,357,616
2,702,755
7,173,318

6,903,625
3,209,128
3,694,497
5,881,818

7,140,167
2,911,779
4,228,388
6,094,641

7,558,322
3,694,079
3,864,243
6,395,622

-

-

-

-

1,887,053
390,763

1,021,807
538,982

1,045,526
520,552

1,162,700
543,540

8,458,899
3,006,688
5,452,211
7,198,993
3,192,060
4,006,933
1,259,906
662,903
464,848
198,055

10,693,338
4,287,277
6,406,061
8,692,529
3,347,817
5,344,712
2,000,809
630,244
397,818
232,426
901,039
1,072,768
1,027,891
376,448
83,824
0
0
(403,780)

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

-

-

-

-

390,763

538,982

520,552

543,540

-

-

-

-

1,223,666
(8,752)
0
80,180

354,984
33,510
0
105,837

(28,293)
41,671
0
0

130,805
38,350
0
0

-

-

-

-

807,226
1,260,230
998,029
(536,676)
55,753
0
0
106,116

11,271,479
184,150

7,430,644
71,250
321,474
3,010,007

9,974,715
0
(69,964)
2,775,505

8,030,273
0
92,455
3,994,524

6,513,012
2,019,490
(592,429)
7,747,003

8,888,161
1,695,072
292,624
8,533,966

1.32
6.49
12.85
0.61
1.99
85.20
1.41
2.60
5.96
3.80

1.57
8.46
14.88
0.49
2.33
85.36
0.99
-0.22
-0.47
-0.33

0.26
14.90
12.41
0.64
0.76
85.11
2.07
-4.01
-11.53
-7.38

0.25
10.03
12.43
0.63
0.80
81.29
1.42
2.48
6.63
4.89

-

-

-

-

378,883

448,072

603,951

882,335

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

3,826,863

H.Key Performance Indicators
0.34
4.18
8.09
0.57
1.09
79.17
1.22
11.15
26.26
16.94

1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

-

-

-

-

-

-

3.17

4.29

4.07

4.52

4.75
0.46
-6.34
0.01
-4.07
29.71

4.47
1.37
3.52
-0.04
2.01
48.34

-

-

-

-

13.51
0.00

5.14
0.00
3.04
44.48

-0.40
0.00
-0.48
50.12

1.73
0.00
0.64
34.26

74.83

92

0.94
11.67
17.73
0.56
1.74
84.62
1.71
0.93
2.13
1.45

Financial Statement Analysis of Non Financial Sector 2010

Landmark Spinning Industries Ltd.
Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

152,879

152,870

152,862

240,569

240,588

240,582

-

-

-

-

209,678

209,678

209,678

297,391

0
297,391

0
297,391

152,879
7

152,870
9

152,862
8

240,569
7

240,563
6

240,557
5

0

0

0

0

-

-

-

-

0
0

0
0

73,011

870

613

611

25
589

25
590

80

74

74

72

76

76

0
0

0
0

0
0

0
475

0
475

0
475

0
72,931

0
796

0
539

0
64

0
39

0
39

252,466
54,012

199,013
0

199,548
0

200,426
0

1,456
0

382
0

198,454
2,986

199,013
0

199,548
0

200,426
0

1,456
199,893

382
201,859

-

-

-

-

0

0

0

0

-

-

-

-

2,986

0

0

(29,562)
121,237

(45,273)
121,237

121,237
0
(150,799)

0

0

199,893
0

201,859
0

0

0
0

0
0

(46,073)
121,237

40,754
121,237

39,829
121,237

38,931
121,237

121,237
0
(166,510)

121,237
0
(167,310)

121,237
0
(80,483)

-

-

-

-

121,237
0
(169,122)
0
(169,122)

121,237
0
(170,019)
0
(170,019)

87,713

87,713

0
0
0
0

0
0
0
0

0
0
0
0

0
0
0
0

-

-

-

-

0
43,576

0
72,708

0
797

0
885

0
0
0
0
0
0
0
924
0
924

0
0
0
0
0
0
0
896
0
896

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

-

-

-

-

43,576

72,708

797

885

-

-

-

-

(43,579)
0
0
0

(15,711)
0
0
0

(800)
0
0
0

(885)
0
0
0

-

-

-

-

466
2
0
(926)
0
0
0
(827)

(26,576)
0
(43,579)
54,012

(45,273)
0
(15,711)
0

(46,073)
0
(800)
0

40,754
0
(885)
0

239,721
0
(926)
0

240,790
0
(897)
0

0.00

0.00

0.00

0.00

0.38

1.44

-

-

-

-

-

-

0.00
0.29

0.00
0.00

0.00
0.00

0.00
0.00

0.00
0.40

0.00
1.54

-

-

-

-

3

2

3

0

488
1
0
(897)
0
0
0
(1,966)

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

93

-

-

-

-

-

-

-8.64
-17.61
560.72
-564.93

-4.40
-8.28
41.99
43.73

-4.33
-0.52
1.75
1.75

4.92
-0.45
33.28
33.28

5.06
-0.38
-2.30
-0.66

5.19
-0.37
-2.28
-0.37

-

-

-

-

-

-

0.00
-3.59
-2.44

0.00
-1.30
-3.73

0.00
-0.07
-3.80

0.00
-0.07
3.36

0.00
-0.08
3.29

-0.01
-0.07
3.21

Financial Statement Analysis of Non Financial Sector 2010

Mahmood Textile Mills Ltd.
Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

1,312,652

1,665,827

1,656,746

1,755,924

1,977,159

2,341,767

-

-

-

-

2,592,148

2,964,341

3,122,874

3,206,068

144
3,256,301

92,958
3,431,711

1,312,652
75,692

1,665,827
111,865

1,656,746
168,750

1,755,924
174,020

1,632,149
180,122

1,681,073
167,646

0

0

0

0

-

-

-

-

0
338,388

0
256,658

1,458,149

1,525,485

2,054,042

2,598,381

6,478
2,441,209

311,078
2,672,950

9,790

7,584

8,849

7,612

9,226

15,358

982,130
44,813

939,876
69,394

1,130,147
97,238

1,646,959
145,331

1,443,806
387,579

1,642,560
420,538

284,590
136,826

273,300
235,331

261,151
556,657

273,106
525,373

262,280
338,317

269,408
325,087

897,385
637,421

1,088,869
843,232

1,407,252
1,030,593

1,924,504
1,549,880

1,972,157
1,592,346

1,955,831
1,462,730

259,964
366,446

245,637
550,619

376,659
601,619

374,624
748,559

379,811
734,754

493,101
809,170

-

-

-

-

595,030

688,597

0

0

0

0

0
0

0
0

-

-

-

-

366,446

550,619

601,619

748,559

0
139,724

0
120,573

1,506,970
99,740

1,551,824
99,850

1,701,917
99,850

1,681,242
99,850

1,711,456
99,850

2,249,716
150,000

99,740
0
1,407,230

99,850
0
1,451,974

99,850
0
1,602,067

99,850
0
1,581,392

-

-

-

-

99,850
0
1,611,606
7,120
1,604,486

150,000
0
2,099,716
7,120
2,092,596

0

0

2,917,257
398,915
2,518,342
2,530,343

3,901,261
1,623,072
2,278,189
3,497,209

4,518,527
1,674,178
2,844,349
4,038,047

5,073,169
2,432,918
2,640,251
4,478,254

-

-

-

-

386,914
155,667

404,052
166,900

480,480
180,592

594,915
332,926

6,811,268
3,285,910
3,525,358
5,727,025
3,978,943
1,748,082
1,084,243
585,381
227,972
357,409

8,135,551
1,825,273
6,310,278
6,628,423
4,450,162
2,178,261
1,507,128
578,128
269,381
308,747
429,116
340,467
301,389
646,039
85,000
90,000
0
1,061,188

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

-

-

-

-

155,667

166,900

180,592

332,926

-

-

-

-

207,476
35,848
24,935
0

177,682
34,510
39,940
0

260,510
40,026
0
0

82,715
0
0
0

-

-

-

-

350,873
381,250
354,654
190,205
39,950
39,940
50,150
572,819

1,873,416
0
146,693
637,421

2,102,443
0
103,232
843,232

2,303,536
0
220,484
1,030,593

2,429,801
0
82,715
1,549,880

2,446,210
595,030
110,315
2,187,376

3,058,886
688,597
471,039
2,151,327

0.38
1.98
1.54
1.05
1.62
86.74
0.84
9.59
15.27
13.29
6.88
2.97

0.32
3.26
1.78
1.22
1.40
89.64
1.06
5.96
11.62
8.94
3.58
4.15

0.26
4.22
2.15
1.22
1.46
89.37
1.18
7.55
16.01
11.83

0.33
5.60
5.69
1.54
1.24
84.08
1.58
4.34
11.21
7.80
3.76
4.72
1.54
2.79
0.21
15.05
171.40

0.36
4.18
5.17
1.62
1.37
81.47
1.23
13.70
32.62
23.47
6.23
4.95
3.14
7.94
0.38
37.40
149.98

-

-

-

-

57,845

127,242

190,691

221,160

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

94

0.22
4.36
2.86
1.17
1.35
88.27
1.59
2.05
4.89
3.49

-

-

4.00

3.08

-

-

-

-

7.11
0.00
17.21
151.09

4.55
0.00
14.34
155.42

5.77
0.00
22.08
170.45

1.63
0.00
8.28
168.38

Financial Statement Analysis of Non Financial Sector 2010

Maqbool Textile Mills Ltd.
Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

603,058

628,841

622,921

593,974

723,032

696,829

-

-

-

-

865,356

952,751

955,127

973,944

1,850
1,205,822

3,880
1,235,266

603,058
21,838

628,841
61,850

622,921
61,651

593,974
56,119

716,757
56,778

687,581
58,619

0

0

0

0

-

-

-

-

0
868

0
868

251,754

333,670

390,437

577,171

3,558
614,221

4,500
318,317

3,348

586

2,380

2,744

8,205

494

127,329
46,417

211,295
70,179

226,068
109,024

223,708
299,676

286,307
276,956

166,592
114,659

870
73,790

869
50,741

869
52,096

868
50,175

0
42,753

0
36,572

259,192
94,587

383,224
260,626

503,516
342,541

742,653
583,018

888,734
604,766

451,755
282,566

164,605
311,742

122,598
314,125

160,975
305,123

159,635
250,190

283,968
136,862

169,189
162,754

-

-

-

-

57,075

65,625

0

0

0

0

62,807
0

62,807
0

-

-

-

-

311,742

314,125

305,123

250,190

6,791
10,189

9,537
24,785

283,878
168,000

265,162
168,000

204,719
168,000

178,302
168,000

311,657
168,000

400,636
168,000

168,000
0
115,878

168,000
0
97,162

168,000
0
36,719

168,000
0
10,302

-

-

-

-

168,000
0
(6,611)
0
(6,611)

168,000
0
82,368
0
82,368

150,268

150,268

815,685
484,203
331,482
733,345

1,432,671
1,194,586
238,085
1,304,558

1,634,460
1,368,870
265,590
1,566,059

1,797,354
1,337,146
460,208
1,672,579

-

-

-

-

82,340
29,437

128,113
38,051

68,401
36,716

124,775
55,035

1,807,314
935,071
872,243
1,636,003
1,181,986
454,017
171,311
80,739
52,471
28,268

2,183,978
1,664,916
519,062
1,890,570
1,369,255
521,315
293,408
86,433
43,706
42,727
148,905
94,511
93,709
118,490
13,475
37,800
0
438,355

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

-

-

-

-

29,437

38,051

36,716

55,035

-

-

-

-

40,270
6,301
10,500
0

30,397
7,102
0
0

(41,707)
8,170
0
0

4,402
8,837
0
0

-

-

-

-

120,596
115,037
112,872
(16,272)
8,722
0
0
59,799

595,620
0
23,469
94,587

579,287
0
23,295
260,626

509,842
0
(49,877)
342,541

428,492
0
(4,435)
583,018

448,519
57,075
(24,994)
661,841

563,390
65,625
67,215
348,192

0.20
1.77
5.69
0.95
0.97
89.91
2.01
6.13
17.64
9.91
3.24
6.41

0.19
4.19
4.90
1.49
0.87
91.06
2.63
3.35
11.07
5.17

0.22
4.60
6.67
1.61
0.78
95.82
3.95
-4.22
-17.75
-7.66

0.41
4.05
16.67
1.53
0.78
93.06
5.57
0.40
2.30
0.94

0.32
6.37
15.32
1.35
0.69
90.52
3.29
-1.30
-6.64
-3.71

0.25
4.33
5.25
2.15
0.70
86.57
1.53
10.07
33.27
23.42
2.78
13.11
2.26
5.43
0.71
6.25
23.85

-

-

-

-

14,437

60,079

75,163

72,840

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

95

-

-

-

-

6.78

7.23

8.03

6.31
0.86
-0.90
0.06
-1.49
18.55

-

-

-

-

4.94
0.00
2.02
16.90

2.12
0.00
1.39
15.78

-2.55
0.00
-2.97
12.19

0.24
0.00
-0.26
10.61

Financial Statement Analysis of Non Financial Sector 2010

Masood Textile Mills Ltd.
Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

1,882,373

2,216,416

2,808,261

3,025,599

3,166,615

3,954,541

-

-

-

-

1,944,852

3,213,760

3,156,186

3,500,076

22,966
4,488,594

135,173
5,355,230

1,882,373
81,979

2,216,416
182,865

2,808,261
138,239

3,025,599
226,193

3,126,591
87,216

3,807,338
439,278

0

0

0

0

-

-

-

-

0
0

0
0

3,976,717

4,302,876

4,517,871

5,208,822

17,058
6,455,124

12,030
8,342,574

651,010

59,234

75,568

137,255

321,026

482,074

1,784,057
1,015,202

1,891,260
1,414,949

1,813,977
1,611

1,838,707
1,933,875

1,727,771
3,197,857

1,789,329
3,538,815

0
526,448

0
937,433

0
2,626,715

0
1,298,985

0
1,208,470

0
2,532,356

3,535,032
2,677,548

4,169,732
3,168,665

4,809,285
3,684,328

3,946,816
2,621,724

5,151,640
3,654,594

6,855,439
4,752,138

857,484
690,447

1,001,067
685,448

1,124,957
597,897

1,325,092
2,096,885

1,497,046
1,949,718

2,103,301
1,767,529

-

-

-

-

1,800,948

1,581,643

0

0

0

0

0
0

0
0

-

-

-

-

690,447

685,448

597,897

2,096,885

148,770
0

185,886
0

1,633,611
900,000

1,664,112
900,000

1,918,950
900,000

2,190,720
900,000

2,520,381
900,000

3,674,147
1,141,667

300,000
600,000
733,611

300,000
600,000
764,112

300,000
600,000
1,018,950

300,000
600,000
1,290,720

-

-

-

-

900,000
0
1,240,961
300,000
940,961

1,141,667
0
2,153,060
600,000
1,553,060

379,420

379,420

3,245,400
158,924
3,086,476
2,673,342

5,006,528
224,223
4,782,305
4,116,542

5,936,703
247,127
5,689,576
4,949,527

7,884,785
573,659
7,311,126
6,428,798

-

-

-

-

572,058
288,811

889,986
383,500

987,176
386,654

1,455,987
517,713

10,946,180
674,271
10,271,909
8,851,416
3,958,919
4,892,497
2,094,764
836,195
605,061
231,134

14,720,830
1,200,528
13,520,302
12,085,511
6,484,614
5,600,897
2,635,319
1,149,859
836,458
313,401
2,099,082
595,274
540,990
904,428
143,533
171,250
0
837,370

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

-

-

-

-

288,811

383,500

386,654

517,713

-

-

-

-

130,160
23,863
22,500
0

173,998
52,329
135,000
0

190,752
61,073
110,448
0

408,010
74,257
124,500
0

-

-

-

-

1,510,507
719,855
648,177
550,111
98,405
135,000
0
632,821

2,324,058
0
83,797
2,677,548

2,349,560
0
(13,331)
3,168,665

2,516,847
0
19,231
3,684,328

4,287,605
0
209,253
2,621,724

4,470,099
1,800,948
316,706
5,455,542

5,441,676
1,581,643
589,645
6,333,781

0.52
6.84
24.53
0.96
1.32
81.53
2.76
5.24
19.86
11.99
2.68
4.29

0.68
6.58
29.21
1.14
1.25
80.86
2.82
6.16
23.35
12.56
3.35
6.34
1.85
5.03
0.09
5.02
28.00

0.59
4.04
24.04
1.20
1.22
82.10
2.35
8.25
29.20
18.25
4.44
8.23
2.67
6.14
0.10
6.66
32.18

-

-

-

-

154,904

335,266

416,657

538,964

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
0.47
4.77
31.28
0.55
1.12
82.37
2.59
2.54
10.14
6.48
4.72
1.82

1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

96

0.35
6.70
28.26
0.77
1.03
82.22
2.92
2.81
10.55
7.45
0.90
2.65

0.02
7.02
0.03
0.81
0.94
83.37
2.82
2.76
10.65
7.84
1.17
3.27

-

-

-

-

4.01
0.00
3.54
54.45

3.48
0.00
4.06
55.47

3.21
0.00
4.32
63.97

5.17
0.00
11.13
73.02

705 28.309 94.000 0 (2.Financial expenses as % of sales (F6 as % of F1) 3.333 748 - - - - 249.846 225.825 146.93 0./share) [(F7-F8)/No.827 0 (43.879 0 0 0 0 0 0 0 1.282 0 62.564 121.Issued.809 77. administrative and other expenses i).972 92.70 0.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 246.031 92.747 (32.16 0.00 1.Other current liabilities D. shares] 17.801 156.683 66 146.Other input cost 3.25 0.579 34.972 0 (1.714 236.00 -0.805 152.275 12.49 -3. of Ord.777) 9.Debt equity ratio [(C+D) to E] 8.99 15.628 300 76.60 1.(A+B)] 9.80 1./share) (E/No.Current Assets (B1+B2+B3+B4+B5) 1.215) 5.Total fixed liabilities (D1+D3) 3.645 6.809 46.29 -16.13 - - - - 1.57 70.654 (22.701 322.Ordinary Shares ii).75 -8.622 214.Other non-current liabilities E.Reserves i).274 570 400 (13.Non-Current Assets (A1+A3+A5+A6+A7) 1.078) 12. shares) 97 - - - - 14.Long term unsecured loans 3.307 10. Items A.995 10.89 -29.393 40.479 381.Key Performance Indicators 1.561 26.Long term secured loans 2.666 0 (456) 28.798 0 279.Operating cash flow to debt ratio [F11 to (C+D)] 16.40 2.67 -33.Cash & bank balance 2.872 10.05 9.Salaries.587) 92.159 62.413 92.Net profit margin (F7 as % of F1) 15.Inventory Turnover Ratio (F1 to B2) 13.35 0.21 0.958 92.138 66 112.488 89.Total value of bonus shares issued 11.35 0.309 0 1.764 62.536 246.413 0 346.76 0.13 6.474 1.415 56. E) 10.059 0 111.995 13.29 1.440 14.218 0 4.94 0.64 1.215 84.309 53.83 0.028) 116 0 322.41 -1.594 225.568 3.Return on capital employed ( F7 as % of avg.916 77. Subscribed & Paid up capital i).28 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.Assets turnover ratio [F1 to (A+B)] 5.54 .Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.000 50.Cost of material ii).110 13.603 249.Capital Reserve ii).63 1.275 8.Preference shares 2.96 9. wages and employee benefits 6.Depreciation for the year 5.197 300 110.031 0 (13.922 250 2 0 (1.55 1.085) 0 (39.413 0 - - - - 0 0 0 0 0 0 0 0 0 0 - - - - 156.000 202.41 -1.324 230.880 230.00 0.Debentures/TFCs 4.225 9.28 0.20 3.Administrative and other expenses 5. G1) 11.50 17.Return of equity (F7 as % of avg.000 89.Employees benefit obligations 5.000 0 (39.Total capital employed (E+D) 2.55 124.00 95.724 247.920) 247.558 239.16 113.307 214.829 7.028) 0 (41.51 0.67 -10.21 16.Other non-current assets B.977 5.541 2.073 12.Inventories 3.Local sales (Net) ii).Tax provision (current year) 9.000 88.Short term investments 5.Shareholders Equity (E1+E2+E3) 1.06 0.932 0 235.440 32.000 0 (41.95 0.Cost of goods sold to sales (F2 as % of F1) 7.22 -1.00 -4.Short term Secured loans 2.59 0.36 5.944) 0 0.063 92.Sales i).General.268 0 262.596 G.270 416 92.Operating fixed assets after deducting accumulated depreciation 4.00 -0.Export Sales (Net) 2.76 21.555 2.00 95.970 97.Earning per share after tax (Rs.490 1.898 2.026 0 145.594 235.Other current assets C.716) 0 0 0 (132.805 146.65 0.063 - - - - 92.18 0.24 0.714 181.Revenue Reserve 3.147 568 0 0 850 1.941 20 1.306 0 0 227 (119) 0 0 (42.Gross Profit 4.Operation: 1.02 - - - - - 4.49 5.637 1.038 851 115 681 109 0 0 0 0 - - - - 0 416 0 0 381.Financial Statement Analysis of Non Financial Sector 2010 Mehr Dastagir Textile Mills Ltd.01 0.904 182.Contractual Liabilities (G2+C1) 12.151 0 0 - - - - 1.196 239.159 50.04 94.66 -11.Trade Debt 4.Long term investments 7.131 252 4.09 0.000 0 (3.944) 0 0 0 (221) F.374 8.01 3.268 230.764 0 0 0 0 90.989 92.515 34.658 141.857 284.77 0.846 7.Return on assets [F7 as % of avg.747 12.626) 1.047 300 72.Capital work in progress 2.Total amount of dividend 10.Net profit before tax 8.51 1.21 0.415 H.78 -5.829 235.34 0. of Ord.000 89.80 0.226 248.75 1.708 137.492 33 112 22.085 0 3.708 141.Current Liabilities (C1+C2) 1.000 0 (1.69 2.74 0.12 35.172 249.000 53.Financial expenses of which: (i) Interest expenses 7.Operating fixed assets at cost 3.74 -3.488 - - - - 5.96 1.346 - - - - 14.047 0 1.59 1.Retention in business (F7-F8-F9) 4.701 0 307.369 1.716) 32.Break-up value shares (Rs.Miscellaneous 1.Cost of sales i).000 92.Selling & distribution expenses ii).932 247.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.196 0 225.525 155.21 5.00 -18.50 9.668 0 3.085) 92.369 10.000 0 111.Dividend cover ratio [(F7-F8) to F9] 12.Current ratio (B to C) 6.491 1.10 0.29 -15.Intangible assets 6.41 88.Cash flows from operations - - - - 5.011) 92.Trade Debt as % of sales (B3 as % of F1) 4.880 150.78 0.02 39.000 0 110.042) 92.

079) 349.828 71.48 0.310 321.14 -2.09 14.885) 419.889 357.158 21.779 6.745 734.931 278.69 -14./share) [(F7-F8)/No.847 547.902 2.971) 221.755 216.759 3.29 0.587) 135.882 0 72.320 (76. G1) 11.Short term investments 5.427 26. shares] 17.358 7.715) 14. Subscribed & Paid up capital i).244 112.13 .98 6.389 336.564 0 - - - - 262.689 0 0 0 0 38.Assets turnover ratio [F1 to (A+B)] 5.052 0 67.299 - - - - 1.434) 605.54 0.Tax provision (current year) 9.584 10.15 -15.390 168.689 204.18 2.38 0.Non-Current Assets (A1+A3+A5+A6+A7) 1.404 1.844 30.691 59.584 262.Total fixed liabilities (D1+D3) 3.Trade Debt 4.349 321.463 - - - - (30.265 494.820 0 55. of Ord.427 39.992 0.138 765.371 135.77 12.054 114.Long term investments 7.914 221.638 236.052 221.Cash flows from operations - - - - 30.770 0 (149.44 96.816 927.Total amount of dividend 10.390 5.371 33.44 23.78 2.65 0.473 14.336 (70.Employees benefit obligations 5.052 288.484 298.Miscellaneous 1.052 0 (558.702 34.692 37.495 901.Inventories 3.311 140.696 463 1.486 0 0 (87.463 261.90 2.277 0 816.677 77.107 421.Administrative and other expenses 5.623 298.06 0.68 -8.Operating cash flow to debt ratio [F11 to (C+D)] 16.557 38. wages and employee benefits 6.495 159.701 30.Intangible assets 6.Other input cost 3.62 99.396) 221.00 -6.344 5.76 0.941 562./share) (E/No.071) 1.852 26.17 -13.317 20.Net profit before tax 8.435.Ordinary Shares ii).Capital work in progress 2. of Ord. E) 10.052 0 (85.363) 298.564 0 38.021 696.General.85 -7.808 - - - - 45.600 399.958 0 (152.39 0.50 -1.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.26 -27.670 0 0 - - - - 59.02 - - - - -4.Sales i).784 610.37 -2.21 -12.Other current liabilities D.533 37.920 562.191 502.886 4.046 221.409 339.75 93.52 -9.106 309.Preference shares 2.94 -0.Gross Profit 4.86 -6.Key Performance Indicators 1.874 0 101.381 14.051 342.Retention in business (F7-F8-F9) 4.02 0.366 631.84 7.285 76.05 7.757 88.808 709.07 -19.124 40.Trade Debt as % of sales (B3 as % of F1) 4.44 1.966 221.Revenue Reserve 3. shares) 98 - - - - - - 2.334 747.04 11.Depreciation for the year 5.265 723.143 1.155 39.Long term unsecured loans 3.081 221.880 0 0 - - - - 0 0 0 0 414.371 765.052 1.895 10.Other non-current assets B.Issued.72 0.022 125.927 (36.883 203.446) 533.691 F.354 223.630 1.913 631.079) 0 (558.Earning per share after tax (Rs.Current Assets (B1+B2+B3+B4+B5) 1.Operation: 1.484) - - - - 221.731 0 57.Return of equity (F7 as % of avg.17 -88.72 -13.627 749.920 531.968 268.127) 0 0 0 (13.517 444.39 -28.204 96.23 4.Operating fixed assets at cost 3.449 0 63.12 -8.706 549.679 240.46 0.507 - - - - 443.068 443.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 740.745 9.71 3.Other non-current liabilities E.917) 2.399) 3.994 325.00 -1.38 3.Return on capital employed ( F7 as % of avg.07 6.41 0.510 305.45 2.64 10.521 286.526 40.456 421.Return on assets [F7 as % of avg.Salaries.052 0 121.196) 39.412 276.616 12.00 -6.143 59.106 584.34 0.69 -0.040 (24.43 0. Items A.Total capital employed (E+D) 2.Total value of bonus shares issued 11.931 340.052 0 (148.53 15.659 576.00 -4.052 135.56 0.09 -0.Net profit margin (F7 as % of F1) 15.Debentures/TFCs 4.Financial expenses as % of sales (F6 as % of F1) 3.891 7.826 1.191 610.Dividend cover ratio [(F7-F8) to F9] 12.811 221.11 2.80 97.31 -144.165 746.Financial Statement Analysis of Non Financial Sector 2010 Mian Textile Industries Ltd.90 6.96 0.806 0 0 (145.26 -196.98 4.Acid test or quick ratio[(B1+B3+B4) to C] 2.766 104.Other current assets C.394 63.84 0.258 G.336 39.052 37.885 688.008 372.Contractual Liabilities (G2+C1) H.918 9.38 -4.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.224 59.689 494.223 27.29 - - - - 46.684 74.62 0.Shareholders Equity (E1+E2+E3) 1.863 221.127) 583.73 0.Cost of goods sold to sales (F2 as % of F1) 7.276 0 (33.230 732.02 -3.659 412.83 0.828 822.71 -28.Long term secured loans 2.592 251.17 13.310 129.489 601.570 258.52 109.794 0 (92.86 -80.061 19.68 0.913 263.Current ratio (B to C) 6.76 3.916 5.75 0.336.Debt equity ratio [(C+D) to E] 8.Cash & bank balance 2.409 629.07 8.456 (76.47 -4.Local sales (Net) ii).705 0 0 (149.Capital Reserve ii).Export Sales (Net) 2.Current Liabilities (C1+C2) 1.687 0 819.612 468.461) 4.04 -29.60 112.Reserves i).658) 3.Cost of sales i).Operating fixed assets after deducting accumulated depreciation 4.Cost of material ii).229 540.09 11.075 340.775 419.Inventory Turnover Ratio (F1 to B2) 13.68 9.321 37.689 (37.303 130.052 0 (533.401.(A+B)] 9.517 1.568 221.Short term Secured loans 2.052 (400) 221.995 31.267) 372.464 238.Selling & distribution expenses ii).533 21.052 72.007 703.865 0 80.375 0 0 6.01 -1.451 712.72 3.001.033 34.516 35. administrative and other expenses i).Financial expenses of which: (i) Interest expenses 7.Break-up value shares (Rs.396) 0 (533.71 -27.

Long term secured loans 2.51 0.575 0 (118.813 180.167 783.440 1.186.816 0 0 47.346 63.54 125.59 12.Salaries.384 946 6.559.53 0.704 782.476 221.411 599.05 -57.39 0.108 495.20 1.855 1.Return on assets [F7 as % of avg.04 0.Assets turnover ratio [F1 to (A+B)] 5.80 10.268 0 0 - - - - 210.13 0.861 0 50.33 0.421 (430.000 1.758 0 121.Short term investments 5.10 4.141 221.438.538) 42.077 5.Total fixed liabilities (D1+D3) 3.186 202.96 0.082 1.858) 1.629 167.892 0 (614.02 0.241 0 1.293.858 1.646) 767.720 188.906 157.223 1.000 0 80.864 0 0 0 0 80.940 89.471 (190.82 -8.691 1.Other non-current assets B.892 864.615 0 46.397 106.493 0 1.14 -22.749 (1.577 0 0 (106.194 59.75 0.Inventory Turnover Ratio (F1 to B2) 13.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.892 0 596.173 875.950 147.271) 8.813 139.906 589.Other current assets C.119 1. of Ord.Total capital employed (E+D) 2.087) 948.831 73.Gross Profit 4.650 1.432 837.300.346 1.06 -169.454./share) [(F7-F8)/No.860) 42.422.514 431.988 748.967 0 118.528.Tax provision (current year) 9.92 11.233 100.418 905.419 38.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Other current liabilities D.892 146.Contractual Liabilities (G2+C1) H.60 0.892 785.410.337 0 156.040.53 2.65 0.848 504.762 1.389.757 692.224 0 0 0 0 - - - - 0 0 0 0 745.254 1.Capital Reserve ii).421 1.861 0 (4.443 1.Trade Debt 4.297.00 -5.901 90.75 12.312.000 0 - - - - 300.988 (411.288.141 374.(A+B)] 9.98 0.389 139.592 133.Cash & bank balance 2.36 0.Net profit before tax 8.454.00 -23.Total amount of dividend 10.45 0.402 188.56 0.Administrative and other expenses 5.399 188.00 -6.566 176.229.Earning per share after tax (Rs.883 674.318 121.90 -11.101.775 0 122.629 164.877 1.18 2.700 300.514 1.35 0.650 40.Cost of goods sold to sales (F2 as % of F1) 7.376 1.422.055 58.747 1.942 1.78 2.55 -3.836 117.730 806.080 (192.568.20 1.Ordinary Shares ii).423 640.236) 620.370 0.Debentures/TFCs 4.Financial expenses of which: (i) Interest expenses 7.077 748.63 0.883 106.48 117.Total value of bonus shares issued 11.379 109.254 1.14 -36.720 188.Depreciation for the year 5.768.831 1.350) 806.Net profit margin (F7 as % of F1) 15.425 867.Current Assets (B1+B2+B3+B4+B5) 1.Return on capital employed ( F7 as % of avg.Intangible assets 6. wages and employee benefits 6.892 0 (1.828) 6.164 691 8.Capital work in progress 2.Selling & distribution expenses ii).10 -57.357 - - - - 43.44 4.022.688 722.77 82.892 964.98 1. shares] 17.127) F.975 43.943 664.701 75.76 19.Revenue Reserve 3.925 22.391 - - - - 188.892 0 675.Long term investments 7.469 1.10 9.423 99.246.72 91.000.514 891.292 9.703 - - - - 122.Cash flows from operations - - - - 89.035.Reserves i).Operating fixed assets after deducting accumulated depreciation 4.378) 12.749 (657.149 0 0 (89.97 -4.General.083.050 (402.00 -2.02 13.012 1.76 - - - - 34.292 578.Export Sales (Net) 2.39 14.242.06 -6.018.119.506 246.410 426.297.17 0.268.70 -3.25 -56.283 188.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 1.030 0 0 (8.Preference shares 2.06 0.160.36 0.892 0 775.28 41.718 118. Items A.Cost of sales i).503 1.48 0.279 316.62 -3.853 710.Current ratio (B to C) 6.696 767.621 95.762 - - - - 440 4.Financial expenses as % of sales (F6 as % of F1) 3. administrative and other expenses i).121 620.679 411.11 1.Local sales (Net) ii).969 489.235) 138.075 85.Return of equity (F7 as % of avg.00 -0.864 (436.86 82.Non-Current Assets (A1+A3+A5+A6+A7) 1.46 -18.03 -21.557 284.528.441.018 998.57 .379 156.944 723.11 6.173 1.425 431.39 0.13 7.615 0 1. E) 10.Operating cash flow to debt ratio [F11 to (C+D)] 16./share) (E/No.332 912.Key Performance Indicators 1.Operation: 1.432.980 89.022.12 0.372 188.609) 788.341 97. Subscribed & Paid up capital i).Break-up value shares (Rs.45 -1.285 0 (102.Financial Statement Analysis of Non Financial Sector 2010 Mohammad Farooq Textile Mills Ltd.56 -12.043 502.51 -3.603 494.389.Other input cost 3.77 - - - - 0.13 7.05 0.676 0 0 (34.516 99.Long term unsecured loans 3.55 0.11 7.72 88.Cost of material ii).406 1.862 945.Current Liabilities (C1+C2) 1.Other non-current liabilities E.507 188.Debt equity ratio [(C+D) to E] 8.159 7.869 933.892 0 811.43 0.Employees benefit obligations 5.98 -3.398 1.136 235.828 188.Operating fixed assets at cost 3.627 164.959 1.Dividend cover ratio [(F7-F8) to F9] 12. of Ord.42 45.135.82 -9.Inventories 3.Sales i).430 157.010 904.892 188.592 - - - - 1.Acid test or quick ratio[(B1+B3+B4) to C] 2. G1) 11.493 743.Issued.603 803 603.908 1.768 789.012 623.48 -2.588 106.095 1.180.222 0 160.483.178) 135.79 11.473 147.339) 723.510 188.Retention in business (F7-F8-F9) 4.421 1.24 51.108 1.880 G.469.10 15.28 1.Shareholders Equity (E1+E2+E3) 1.201) 8.76 -8.305 0 (42.66 -70. shares) 99 - - - - - - 1.22 52.623 53.173 58.670 318.339 80.Trade Debt as % of sales (B3 as % of F1) 4.696 156.399 93.762) 12.08 1.287) 188.Miscellaneous 1.Short term Secured loans 2.892 362.

71 -6.000 5. of Ord.140 (9.279 0 1.881 12.Trade Debt as % of sales (B3 as % of F1) 4.564 0 48.496 7.132) 606 0 0 3.Key Performance Indicators 1.06 -2.09 1.76 31.Total fixed liabilities (D1+D3) 3.391 0 13.540 47.971 - - - - 148.305 8.814 0 - - - - 6.303) 69.Cash flows from operations - - - - 22.008 F. G1) 11.835 154.79 16.000 (19.35 20. Subscribed & Paid up capital i).36 -7. Items A.626 3.38 67.Sales i).427) 54.085 0 194.029) 0 (86.000 (8.502 314 611 424 4.890 149.Operating cash flow to debt ratio [F11 to (C+D)] 16.284 4.Local sales (Net) ii).Other non-current assets B.825 6.563 2.18 5.127 195 704 2.391 20.51 -2.463) 738 806 41.000 0 (84.62 35.000 (13.254.077 76.Cash & bank balance 2.005 65.046 3.425 42.Preference shares 2.94 -3.910 0 1.297 (5.910 54.15 -2.07 - - 9.Current ratio (B to C) 6.Capital Reserve ii).881 11. shares) 100 - - - -67.672 0 51.38 179.Trade Debt 4.676) 54.15 -3.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.00 -2.642 45 3.022 6.090) 0 (3.82 0.492 52.688) 0 (32.271) 42.738) 44.53 -13.191) - - - - 54.197 27.716 60.44 -7.55 0.Financial expenses of which: (i) Interest expenses 7.Short term Secured loans 2.21 64.Export Sales (Net) 2.45 86.Long term unsecured loans 3.088 0 79.99 2.852 18.Cost of goods sold to sales (F2 as % of F1) 7.857 2.904 24.(A+B)] 9.483 83.212 4.20 13.Inventories 3.310 6.Return of equity (F7 as % of avg.399 7.904 (5.599 - - - - (7.000 0 (48.610 124.531 0 3.Depreciation for the year 5.30 116.149 0.212 65.940./share) (E/No. shares] 17. E) 10.83 0.278 11.044 47.39 -8.25 -26.361 65.442 0 15.872 60.Financial Statement Analysis of Non Financial Sector 2010 Mubarak Textile Mills Ltd.213 - - - - 1.643 4.279 65. administrative and other expenses i).000 0 (86.05 4.67 1.286 113.512.Selling & distribution expenses ii).Retention in business (F7-F8-F9) 4.Miscellaneous 1.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 69.610 (19.970 G.030) 65.948 151.461 4.Long term investments 7.72 0.47 45.194) 54.Administrative and other expenses 5.678 92.Ordinary Shares ii).643 64.22 -16./share) [(F7-F8)/No.127 4.814 0 4.597 20.155 349 0 0 3.500 94.26 -9.645 0 2.59 0.908 105.685 0 41.751 6.08 .Other current liabilities D.39 3.029) 54.297 738 0 0 0 0 4.249 1.821) 209 0 0 (2.51 -293.216) 17.23 4.Total capital employed (E+D) 2.26 0.598) 27.36 102.127 65.Dividend cover ratio [(F7-F8) to F9] 12.Cost of sales i).07 212.76 0.Earning per share after tax (Rs.67 18.39 0.Current Liabilities (C1+C2) 1.83 0.00 -1.21 -12.698 1.22 3.Cost of material ii).Net profit margin (F7 as % of F1) 15.00 36.55 36.45 51.03 0.455 7.73 0.458 0 3.105 0 54.322.Inventory Turnover Ratio (F1 to B2) 13.114 60.Employees benefit obligations 5.Acid test or quick ratio[(B1+B3+B4) to C] 2.40 -2.483 0 85.Other input cost 3.Debt equity ratio [(C+D) to E] 8.801 31.61 18.417 0 4.000 (14.78 1.849 6.97 0.337 479 0 0 (12.000 27.635 7.151 6.500 (6.546 40.305 (2.904 86.847 76.Other non-current liabilities E.61 0.197 2.346 69.906 3.742) 22.835 154.27 0.396 39.602 16.516 46.077 0 68.Operation: 1.18 30.General.Debentures/TFCs 4.Contractual Liabilities (G2+C1) H.Short term investments 5.52 0.455 7.94 75.Total amount of dividend 10.12 0.849 69.07 -5.499 108.Revenue Reserve 3. wages and employee benefits 6.088 92.564 51.15 2.24 94.577 56.Current Assets (B1+B2+B3+B4+B5) 1.03 -1.910) 1.78 0.09 0.53 - - - - 1.709 22.481 4.26 0.328 4.Gross Profit 4.917) 386 0 0 195.Break-up value shares (Rs.687 0 12.95 0.32 90.Return on capital employed ( F7 as % of avg.Reserves i).280 6.27 -6.207 0 26.Return on assets [F7 as % of avg.Intangible assets 6.810 83.806 54.338 1.08 1.562 40.201 (7. of Ord.908 7.Salaries.559 - - - - (31.000 0 (46.Tax provision (current year) 9.Operating fixed assets at cost 3.00 -11.13 - - - -15.000 0 (62.45 0.563 0 2.329 65.25 4.438 0 62.406 0 660 0 (16.598) 27.858 42.Shareholders Equity (E1+E2+E3) 1.090) 54.194 559 12.Operating fixed assets after deducting accumulated depreciation 4.Net profit before tax 8.972 65.559 51.Long term secured loans 2.926 1.493 0 18.Other current assets C.191) 54.Assets turnover ratio [F1 to (A+B)] 5.966 0 7.116) 8.499 (8.000 0 (43.86 -6.105 47.172 42.191) 0 (13.97 0.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.077.114 4.845) 426 0 0 - - - - 6.Issued.Capital work in progress 2.Financial expenses as % of sales (F6 as % of F1) 3.090) 27.Total value of bonus shares issued 11.658 16.22 -7.46 -1.97 0.67 0.481 42.Non-Current Assets (A1+A3+A5+A6+A7) 1.576 7.48 0.044 0 0 0 0 - - - - 0 0 0 0 34.216) 0 (84.410 47.

Operating cash flow to debt ratio [F11 to (C+D)] 16.104 0 214.736 145.18 -20.979) 0 (93.000 0 (43.094 1.378 39.519 0 1.Assets turnover ratio [F1 to (A+B)] 5.Long term unsecured loans 3.Inventory Turnover Ratio (F1 to B2) 13.Total amount of dividend 10.10 - - - - 73 43 42 560 G.509 10.619 5.811 0 24.625) 145.00 1.000 86.Dividend cover ratio [(F7-F8) to F9] 12.63 2.02 14.Long term secured loans 2.250 43.Cost of material ii).475 0 18.225 0 29.825 0 23.000 0 (87.104 0 214.691 60 0 0 - - - - 360 0 0 (29.104 214.809 0 - - - - 0 0 0 0 0 0 0 0 0 0 - - - - 5.Cost of goods sold to sales (F2 as % of F1) 7.870 7.Financial expenses of which: (i) Interest expenses 7.147 2.11 7.935 164.Export Sales (Net) 2.228 0 1.247) 825 0 0 5.070 0 1.Capital work in progress 2.46 3.13 0.264) 0 (87.314 196 201 85 43 40 25 26.97 98./share) [(F7-F8)/No.Ordinary Shares ii).717) 0 0 0 (15) F.559 0 27.Tax provision (current year) 9.Operation: 1.405 77.Non-Current Assets (A1+A3+A5+A6+A7) 1.59 - - - - -12.07 0.Contractual Liabilities (G2+C1) H.225) 0 51.22 110.52 6.16 0. Subscribed & Paid up capital i).319 6.961 0 93.Short term investments 5.070 47.82 2.21 30.550 12.Total value of bonus shares issued 11.Trade Debt as % of sales (B3 as % of F1) 4.Long term investments 7.211 69.00 -1. Items A.35 - - 0.Trade Debt 4.Other non-current liabilities E.Issued.41 -29.250 695 0 0 0 0 0 92.935 0 182.071 103.196 4.000 51.Cost of sales i). administrative and other expenses i).Shareholders Equity (E1+E2+E3) 1.Key Performance Indicators 1.43 1. shares) 101 - - - 6.48 -14.Employees benefit obligations 5.746 0 6.000 0 (52.31 72.02 3.04 7.84 0. E) 10. G1) 11.00 - - 0.47 -8.04 1.54 0.64 96.225 0 0 0 0 0 0 0 6. of Ord.017 114.21 1.Miscellaneous 1.192 145.63 5.64 16.873 214.Earning per share after tax (Rs.60 1.03 0.499 - - - - (18.Total capital employed (E+D) 2.46 0.42 0.82 98.706 0 3.00 6.Other current assets C.Retention in business (F7-F8-F9) 4.571 211.466 72.809 0 35.Current Assets (B1+B2+B3+B4+B5) 1.82 0.92 0.Net profit margin (F7 as % of F1) 15.600 300 26.979) 0 0 164.157 69.000 57.61 -19.421 0 22.Selling & distribution expenses ii).00 0.61 0.300 695 26.Administrative and other expenses 5.Other current liabilities D.Other non-current assets B.59 -12.006 31.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 88.Current ratio (B to C) 6.751 85.250 40.98 0.98 1.000 0 (42.104 65. of Ord.056 214.Debt equity ratio [(C+D) to E] 8.Return on capital employed ( F7 as % of avg.547 9.190 300.954 300.190 0 289.369 5.Total fixed liabilities (D1+D3) 3.General.Local sales (Net) ii).193 6.78 0.49 24.104 88.88 0.Intangible assets 6.456 145.948 4.070 103.Reserves i).142 0 204.250 2.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.459 43.Sales i).501 0 0 2.021 0 (6.01 1.000 102.072) 4.950 558 85 0 0 - - - - 0 0 0 0 48.36 1.Debentures/TFCs 4.Non-Current Liabilities (D1+D2+D3+D4+D5) 1. wages and employee benefits 6.736 0 (29.Revenue Reserve 3.Cash & bank balance 2.95 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.Gross Profit 4.39 -40.Break-up value shares (Rs.699 0 23. shares] 17.961 145.52 .211 8.413 4.685 1.475 114.442 0 (22.717) 0 0.000 0 (93.790 1.019) 3.000 145.341 77.Net profit before tax 8.056 0 0 93.00 0.Return on assets [F7 as % of avg.516 - - - - 207.808) 145.320 9.225) 0 0 0 446 97.06 81.01 10.375 145.343 5.47 1.531 2.055 77.449 1.02 -2.000 101.Financial expenses as % of sales (F6 as % of F1) 3.00 -0.142 211.Other input cost 3.38 96.Depreciation for the year 5.Preference shares 2.Return of equity (F7 as % of avg.602 4.Financial Statement Analysis of Non Financial Sector 2010 Mukhtar Textile Mills Ltd.08 17.35 -12.39 0.04 - - 0.Current Liabilities (C1+C2) 1.Short term Secured loans 2.544) 145.393 0 1.976 1.32 0.63 0.903 66.(A+B)] 9.445 1.699 0 23.Capital Reserve ii).071 40.445 95.021 145.746 360 16 0 (6.370 85.61 1.27 0.Cash flows from operations - - - - 3.870 78.00 0.00 0.125 4.Salaries.147 3.825 0 23.46 6.725 - - - - (21.66 0.809 0 16.Operating fixed assets after deducting accumulated depreciation 4.631 0 57.608 71.40 1.196 7.94 -40.301 12.039) - - - - 145.509 5.27 7.980 31.725 0 0 0 0 0 0 0 29./share) (E/No.629 300 86.000 0 (58.49 3.78 5.Operating fixed assets at cost 3.661 0 911 0 8.264) 145.Inventories 3.

Net profit margin (F7 as % of F1) 15.Operating fixed assets after deducting accumulated depreciation 4.Salaries.88 24.452.495 527.117 147.93 9.Retention in business (F7-F8-F9) 4.536 229.304 234.82 1.83 5.Cost of goods sold to sales (F2 as % of F1) 7.156.02 0.930 - - - - 147.Reserves i).000 291.73 1.433 34.Shareholders Equity (E1+E2+E3) 1.Return on capital employed ( F7 as % of avg.577 147.Sales i).562 236.887 301.958 326.(A+B)] 9.200 0 81.175 147.Current Liabilities (C1+C2) 1.18 20.436 0 79.Long term investments 7.053 154.159 44.388 0 187.99 1.Tax provision (current year) 9.930 147.15 9.970 0 1.Cost of sales i).00 33.684 19.427 0 0 113.00 6.175 0 144. Spinning Mills Ltd.Long term secured loans 2.152 117.645 166. of Ord.Trade Debt as % of sales (B3 as % of F1) 4.Operation: 1.610 246.Earning per share after tax (Rs.434 21.425 178.24 - - - - 20.592 191.378 6.193 7.10 0.446 118.30 0.05 5.968 39.343 147.Return of equity (F7 as % of avg.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.047 42. Subscribed & Paid up capital i).03 31.200 235.705 1.972 180.69 18.Ordinary Shares ii).235 0 43.82 1.887 323.970 1.238 148.31 94.908 967.657 54.797 27.066 0 668.068 10.07 23.024 147.000 0 152.807 229.Depreciation for the year 5.22 1. Items A.035 0 197.750 166.Intangible assets 6.366 17.709 843.119 31.Total amount of dividend 10.19 1.156.577 0 0 716.15 1.Financial Statement Analysis of Non Financial Sector 2010 N.261) 151.000 147.Financial expenses as % of sales (F6 as % of F1) 3.Selling & distribution expenses ii).000 0 130.852 28.Inventory Turnover Ratio (F1 to B2) 13.695 0 7.016 0 51.599 27.125 732.21 89.703 49.845 646.024 0 55.630.15 1. shares) 102 3.10 0.23 0.068 275.Export Sales (Net) 2.Current Assets (B1+B2+B3+B4+B5) 1.447 25.02 17.10 84.92 1.Operating cash flow to debt ratio [F11 to (C+D)] 16.303 411.270 964.141.39 1.519 293.183 373.960 13.697 0 0 115.649 287.52 19.62 2.000 0 226.975 65.000 277. shares] 17.539 740.649 357.00 3.304 26.513 2.10 0.Cash flows from operations - - - - 28.Gross Profit 4.304 241.Other current liabilities D.92 40.41 - - - - 15.696 0 1.Operating fixed assets at cost 3.01 0.029.318 384 38.Non-Current Assets (A1+A3+A5+A6+A7) 1.Net profit before tax 8.248 - - - - 607.400 0 19.592 0 0 6.Employees benefit obligations 5.12 0.692 473.914 G.437 391.Total capital employed (E+D) 2.88 0.80 48.911 29.48 6.753 22.95 3.785 0 1.79 0.972 3.392 182.20 3.610 277.469 356.495 396.77 1.125 2.656 67.175 147.000 0 140.14 1.03 18.393 894.456 26.65 25.039 1.09 0.000 - - - - 102.732 16.54 0.94 0.Dividend cover ratio [(F7-F8) to F9] 12.Debentures/TFCs 4.402 21.117 147.982 532.Acid test or quick ratio[(B1+B3+B4) to C] 2.Short term Secured loans 2.683 151.26 31.16 11.04 1.Other non-current liabilities E.Contractual Liabilities (G2+C1) H.Revenue Reserve 3.747 75.Debt equity ratio [(C+D) to E] 8.434 252.53 11.Break-up value shares (Rs.264 48.24 0.000 0 87.00 3.89 19.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 268.933 121.Inventories 3.000 287.Miscellaneous 1.876 306.59 3.038 0 46.P.568 618.50 1.Current ratio (B to C) 6.346 32.696 1.Key Performance Indicators 1.797 241.Other current assets C. of Ord.06 3.40 3.83 3.411 34.53 0.000 299.934 1.561 2.06 1.628 441. wages and employee benefits 6.21 0.198 122. administrative and other expenses i).06 1.09 1.79 19.778 1.630.705 - - - - 144.837 1.992 27.77 40.Cost of material ii).162 146.Other input cost 3.492 252.343 0 40.631 31.041 24.Long term unsecured loans 3.69 1.25 12.586 348.234 234.141.20 1.93 74.636 352.Trade Debt 4.250 7.785 1.958 0.015 20.790 28.846 39.695 28.Cash & bank balance 2.Local sales (Net) ii).05 18.577 0 226.947 0 53.General.089.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.531 34.023.228 F.709 0 (122.024 147.907 0 664.494 59.586 407.206 136.Total fixed liabilities (D1+D3) 3.00 7.Capital work in progress 2.531 123. E) 10.34 2.Administrative and other expenses 5.000 0 144.023 268.Preference shares 2.51 89.565 629.87 6.22 2.80 37.705 228.510 0 69.872 282.489 22.Financial expenses of which: (i) Interest expenses 7.487 0 0 0 0 - - - - 0 0 0 0 441.876 339.61 2.993 - - - - 183.902 0 (2.206 31.558 227.343 147.367 27.51 2.472 48.796 6.091 1.Assets turnover ratio [F1 to (A+B)] 5.701 0 46.85 1.698 121.674 234.Return on assets [F7 as % of avg.923 0 39.369 54.Short term investments 5.613 422.Total value of bonus shares issued 11.Other non-current assets B./share) (E/No.668 5.68 15.197 32.369 - - - - 0 0 0 0 0 0 0 0 0 0 - - - - 2.Capital Reserve ii).177 13.81 .486 757.56 46.201 342. G1) 11./share) [(F7-F8)/No.218 8.79 2.067 178.281) 146.15 87.33 0.43 3.000 373.34 0.703 41.494 26.474 48.787 35.08 7.152 41.16 1.Issued.807 24.85 1.181 290.

Operating fixed assets after deducting accumulated depreciation 4.472.46 2.388 871 932 932 332.644 0 878.395 443.150 0 149.571 2.02 2.295 466.863 36.23 5.Total capital employed (E+D) 2.094 92.42 1.363 1.569 0.553 479.Revenue Reserve 3.23 4.Other non-current assets B.Financial expenses as % of sales (F6 as % of F1) 3.651 948.023 1.Cash & bank balance 2.745 0 0 1.Trade Debt as % of sales (B3 as % of F1) 4.150 335.062 177.284 120.549 484.394 45.791 120.10 0.880 38.Intangible assets 6.28 0.864 50. shares] 17.Administrative and other expenses 5.433 61.38 0.724 120.Tax provision (current year) 9.Retention in business (F7-F8-F9) 4.00 -0.200 0 0 (21.46 28.943 4.734 1.37 0.414 126. G1) 11.633.630 26.275 37.443 151.Ordinary Shares ii).68 0.015 0 6.963 37.114 402.067 633.053 - - - - 120.Trade Debt 4.Long term investments 7.589 809.150 261.Other current assets C.Cash flows from operations - - - - 20.984 9.528 137.Long term unsecured loans 3.094 92.38 1.900 610.783 356.Gross Profit 4.90 9.054 46.27 0.23 27.11 4.761) 402.925 159.321 0 55.12 0.48 0.901 287.082 0 0 231.Cost of material ii).609) 356.997 58.416 411.Operating fixed assets at cost 3.628.150 0 141.284.979 3.127 0 54.967 484.95 92.256 50.Selling & distribution expenses ii).904 12.Inventories 3.641 120.559 0 0 755.446 87.Short term Secured loans 2.36 0.Contractual Liabilities (G2+C1) H.Other current liabilities D.962 1.00 -0. of Ord.385 120.084 0 0 0 0 - - - - 0 0 0 0 526.614 - - - - 58.568 7.859 443. of Ord.Short term investments 5.316 1.Operation: 1.70 6.45 0.549 - - - - 9./share) [(F7-F8)/No.616 78.674 805 451.Export Sales (Net) 2.150 0 215.41 5.27 4.559 120.24 1.484 880.33 1.440 519.443 89.082 0 0 231.81 1.553 479.971 44.14 0. shares) 103 - - - - - 5.78 90.51 0.20 5.Key Performance Indicators 1.901 0 46.150 285.484 880.782 512.549 101.Financial expenses of which: (i) Interest expenses 7.150 0 165.229 992.50 1. wages and employee benefits 6.907 1.591 9./share) (E/No.92 3.479.002 494.904 12.68 2.99 2.16 -2.325 846.968 479.545 0 0 - - - - 99.001 62.Return on assets [F7 as % of avg.864 50.Debt equity ratio [(C+D) to E] 8.Debentures/TFCs 4.40 2.150 0 149.189 507.(A+B)] 9.129 1.Break-up value shares (Rs.904 287.82 0.33 1.Current ratio (B to C) 6.084 443.748 49.182.78 -1.466 581.Earning per share after tax (Rs.00 -2.049 869.466 313.Net profit before tax 8.63 23.874 75.Net profit margin (F7 as % of F1) 15.440 29.12 92.168 748.68 0.954 489.731 G.978 0 (2.93 0.331 168.Cost of goods sold to sales (F2 as % of F1) 7.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 409.971 44.644 409.501) 411.150 269.519.002 464.150 0 219.09 0.134 15.Other input cost 3.Miscellaneous 1.475 1.471 602.222 469.575 133.51 3.67 1.19 0.Employees benefit obligations 5.20 5.12 0.728 339.900 696.200 439.394 512.93 5.676 156.37 0.574 601. administrative and other expenses i).Other non-current liabilities E.355 0 (29.316 1.85 0.036 8.17 0.472.844 1.50 1.585 20.65 10.45 21.024 105.348 8.465 12.81 93.Capital Reserve ii).35 4.419 250.Current Liabilities (C1+C2) 1.024 105.54 0.698 370.036 8.571 0 0 0 0 0 0 0 0 - - - - 126.134 15.506 142.803 376.67 1.Cost of sales i).055 89. E) 10.054 46.Total amount of dividend 10.748 443.596 519.152 8.Inventory Turnover Ratio (F1 to B2) 13.06 0.767 96.86 0.70 6.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.229 1.907 - - - - 8.319 504.809 1.676 156.433 681.295 F.842 530.570 1.74 .880 38.Issued.023 99.954 489.222 7.46 11.03 -6.383.628.856 91.022.41 - - - - 1.Total value of bonus shares issued 11.Shareholders Equity (E1+E2+E3) 1.122 120.348 339.964 80.07 1.Long term secured loans 2.340 0 (7.89 1.25 22.78 90.275 113.150 120.189 375.203 120.16 3.61 11.833 9.General.997 581.75 0.Current Assets (B1+B2+B3+B4+B5) 1.52 - - - - 33.459 0 878.433 159.283 101.256 50.00 0.535 120. Subscribed & Paid up capital i).Sales i).575 133.Assets turnover ratio [F1 to (A+B)] 5.495) 633.123 11.Depreciation for the year 5.767 35.630 26.487 229.123 11.Non-Current Assets (A1+A3+A5+A6+A7) 1.40 2.283 36.571 9.224 0 (6.Return on capital employed ( F7 as % of avg.284 120.Capital work in progress 2. Items A.152 101.150 269.Return of equity (F7 as % of avg.Dividend cover ratio [(F7-F8) to F9] 12.Preference shares 2.37 0.728 747.34 0.25 22.Salaries.943 805 451.Financial Statement Analysis of Non Financial Sector 2010 Nadeem Textile Mills Ltd.23 -8.07 1.968 479.Local sales (Net) ii).859 - - - - 653.571 2.616 113.82 0.Reserves i).833 9.856 91.10 3.86 0.601 78.Acid test or quick ratio[(B1+B3+B4) to C] 2.569 313.Operating cash flow to debt ratio [F11 to (C+D)] 16.950) 7.74 2.Total fixed liabilities (D1+D3) 3.166 1.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.73 93.168 748.31 4.574 120.229 992.37 18.549 51.037 35.

033 156.729.087 1.Operation: 1.Short term investments 5.580 567.61 19.219 74.465.000 120./share) [(F7-F8)/No. E) 10.08 7.104 754.12 87.426 2. Items A.338 - - - - 2.659 163.235 308.43 4.041 2.64 4.551 6.989 92.Other non-current liabilities E.Contractual Liabilities (G2+C1) H.249.65 3.51 89.610 609.778 585.898 (32.Acid test or quick ratio[(B1+B3+B4) to C] 2.Return of equity (F7 as % of avg.918 0 54.Reserves i).94 1.Cash & bank balance 2.16 2.446 71.18 3.560 0 47.Gross Profit 4.000 413.Long term secured loans 2.505 583.095 515.142 26.096 0 3.146 131.98 12.785 4.56 0.00 0.047 187.Capital Reserve ii).702 908.700 0 0 12.00 2.Revenue Reserve 3.597 203.664.155 760 1.119 2.784 1.Operating fixed assets at cost 3.104.930 253.000 0 0 - - - - 171.856 1. of Ord.422 365.623 1.274 187.62 1.553 512.759 160.385 216.091 0.Total value of bonus shares issued 11.816 1.704 19.707 149.02 1.961 39.199 109.Other current liabilities D.130.611 322.58 5.333 184.043 701.707 97.Financial expenses of which: (i) Interest expenses 7.43 5.928.758 290.621 713.80 3.949 53.312 338.702 110.07 0.463 0 109.23 7.157 922.Tax provision (current year) 9.23 2.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Trade Debt 4.52 1.81 4.Earning per share after tax (Rs.26 1.165 238.291.278.989 1.875 8.019 203.895 256.Issued.270 1.417 260.833 1.831 56.234 0 0 0 0 - - - - 0 162.049.756 1.798 403.845 0 91.95 2.651 159.52 0.30 3.46 1.766 486.71 35.550.552 187.Long term investments 7.80 1.90 0.930 560.66 0.266 807.230.256.Export Sales (Net) 2.Retention in business (F7-F8-F9) 4.776 107.223 0 25.52 30.Cost of sales i).Other input cost 3.385 246.Intangible assets 6.026 297.482 307.329 516.930 404.62 48.Inventory Turnover Ratio (F1 to B2) 13.152 1.266 403.773 347.000 2.680 113.312 880.000 0 473.179 24.832 0 2.005 489.84 0.56 0.Non-Current Assets (A1+A3+A5+A6+A7) 1.320 - - - - 187.41 - - - - 7.28 0.89 1.930 639.841 82.443 159.000 0 224.Total capital employed (E+D) 2.098 1.540.882 7.Preference shares 2.72 8.90 20.318 0 34.Cash flows from operations - - - - 92.Debentures/TFCs 4.539 1.923 174.315 52.Employees benefit obligations 5.791 1.868 1.84 7.000 120.691 609.350 F.97 3.Financial expenses as % of sales (F6 as % of F1) 3.Net profit before tax 8.01 0.094 790.484 - - - - 301.784 982.083 57.930 947.000 662.64 1.544 1.Selling & distribution expenses ii).81 3.155 0 198.673.045 4.890 682.429.68 0.Administrative and other expenses 5.707 600.Cost of material ii).452.638 103.521 1.791 53.318 143.400 77.Capital work in progress 2.39 1.641.44 50.78 22.899 216.006 199.00 4.19 4.Cost of goods sold to sales (F2 as % of F1) 7.58 2.330 512.429.70 0.778 704.28 4.(A+B)] 9.331 282.502 119.397 206.Total fixed liabilities (D1+D3) 3.977 307.571 1.Long term unsecured loans 3. of Ord.308 185.280 214.333 2.429 14.00 - .259.833 2.547 920.400 141.578 191. G1) 11.933 116.503 2.000 0 217.714.129 0 0 357.204 307.841 0 99.621 262.551 600.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 1.754 606.003) 187.61 6.Current ratio (B to C) 6.017 790.768 2.565 147.80 32.Assets turnover ratio [F1 to (A+B)] 5.290.Ordinary Shares ii).832 - - - - 701.61 1.715 1.442 553.Miscellaneous 1.06 1.746.776 17.05 2.Other current assets C.370.019 246.27 1.583 308.Current Liabilities (C1+C2) 1.Inventories 3.Financial Statement Analysis of Non Financial Sector 2010 Nagina Cotton Mills Ltd.856 93.94 1.02 0.611 9.General.Shareholders Equity (E1+E2+E3) 1.311 106.307 24.233 0 0 0 0 60.40 6.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.728 333.60 13.035 1.35 92.182 199.Debt equity ratio [(C+D) to E] 8.Operating cash flow to debt ratio [F11 to (C+D)] 16.363 191.773 110.722 64.000 120.407 256.492 1. shares) 104 - - - - 8.229 530.452.583 152.051.Key Performance Indicators 1.39 1.Total amount of dividend 10.805.28 5.000 187.96 0.887 1.62 7.80 10.621 501.84 10.045 2.651 637.Other non-current assets B.550.67 1.022 59.46 9.995 1.828 726.Short term Secured loans 2.774 581.Salaries.Current Assets (B1+B2+B3+B4+B5) 1.Sales i).271 1.26 2.275 62.163 1.157 - - - - 156.42 0.19 86. wages and employee benefits 6.508 1.851 1.377.Dividend cover ratio [(F7-F8) to F9] 12.844 641.233 159.126 1.659 71.19 1.147 166.676 78.487 477.Net profit margin (F7 as % of F1) 15.813.722 547.022 681.12 1.32 6.50 82.422 G.Local sales (Net) ii).621 475.111 16.930 612.Operating fixed assets after deducting accumulated depreciation 4. administrative and other expenses i).218 14.856 110.158.14 0.240 187.187 547.467 152.Return on capital employed ( F7 as % of avg.22 3.827 583.176 57.04 89.013 322.Return on assets [F7 as % of avg.651 0 0 0 17.17 1.223 2.02 49.367 77.728 187.635 55./share) (E/No.32 2.002 83.12 6.065 256.320 187.Trade Debt as % of sales (B3 as % of F1) 4.00 7.140.621.546 34.119 - - - - 156.709 2.27 - - - - 57. shares] 17. Subscribed & Paid up capital i).Break-up value shares (Rs.363 726.941.Depreciation for the year 5.

75 87.175.355 816.Salaries.085 335.492 486.869) 897.468.164 0 (11.181 781.648.Acid test or quick ratio[(B1+B3+B4) to C] 2.071 338.586) 1.Trade Debt as % of sales (B3 as % of F1) 4.544.196 183.18 2.72 0.75 -0.464 1.39 -12.898 1.63 5.25 -67.General.997) 593.616 301.956 1.956 - - - - 165 11.06 8.175 0 (46.Financial expenses as % of sales (F6 as % of F1) 3.Current ratio (B to C) 6.530 348.49 57.221 - - - - 174./share) [(F7-F8)/No.230 134.936 2.98 5.Debt equity ratio [(C+D) to E] 8.828 146.01 0.758 318 137.78 0.516 235.899 0 516.962.966 0 (21.110 411.491 2.00 0.Long term secured loans 2.140 126.82 0.46 0.Return on capital employed ( F7 as % of avg.802 1.941 112.165 81.734 149.429.00 -3.954 0 306.74 0.Administrative and other expenses 5.02 0.513 143.Cost of material ii).444 719.365.02 -3.150 146.736 595.Long term unsecured loans 3.60 0.899 37.Local sales (Net) ii).648.Non-Current Assets (A1+A3+A5+A6+A7) 1.547.95 -52.720 1.Dividend cover ratio [(F7-F8) to F9] 12.070 0 242.64 - - - - 0.49 - - - - 65.502.323 379.876 0 (275.000 147.802) 1.26 0.Assets turnover ratio [F1 to (A+B)] 5.670 61.12 7.021 112.Issued.Operating fixed assets at cost 3.387 2.898 0 (100.817) 481. of Ord.895 - - - - 486.23 -29.36 0.Debentures/TFCs 4.082.20 8.Operating fixed assets after deducting accumulated depreciation 4.226 213.120 323.933) 12.01 0.23 4.203.448 1.321 577.Miscellaneous 1.158 1.822 229.Capital work in progress 2.075.Current Assets (B1+B2+B3+B4+B5) 1.088 204.Inventories 3.54 81.24 -2.989 162. wages and employee benefits 6. G1) 11.70 89.222 1.71 1.198 1.Revenue Reserve 3.492 (201.744 84.998 578.00 -0.Long term investments 7.047) 638.371 50.194.371.486.407.Shareholders Equity (E1+E2+E3) 1.492 135.Employees benefit obligations 5.556.47 20.58 0.377 11.995.Current Liabilities (C1+C2) 1.755 1.683) 301.586 633.513 149.51 0.Financial Statement Analysis of Non Financial Sector 2010 Nakshbandi Industries Ltd.(A+B)] 9.Retention in business (F7-F8-F9) 4.82 0.020 745.05 1.719 74.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.23 4.895 0 0 0 0 0 0 0 0 - - - - 510.349.029 1.369.500 0 0 (76.16 1.473 0 190.997 271.Break-up value shares (Rs.590 (74.172 1.41 85.44 -107.19 -19.487 348.631 17.469 2.688 G.773 0 123.981 58.281 1.89 -11.978) 1.61 -0.721 211.971 905.957 1.205.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 1.60 91.393 10.Return on assets [F7 as % of avg. shares] 17.474 0 194.487 372.871 1.166.133 1.828 1.05 7.595 578.390 3.414 109.56 0.Preference shares 2.276) 338.07 -0.978) 21.615.Other current liabilities D.822 0 0 0 0 484.172 338.100 263.Depreciation for the year 5.Financial expenses of which: (i) Interest expenses 7.014 229.876 242.145) F.Short term Secured loans 2.069.02 -45.81 0.74 22.84 0.804./share) (E/No.601 1.261 2.560 1.250 (490.028 901.528 30. administrative and other expenses i).070 855.68 1.63 1.520 391.092 283.755 (659.Selling & distribution expenses ii).353 1.074.563.609.966 1.607 338.421.175.321.000 0 0 (481.782 694.00 -14.932 1.265 0 154.02 12.223 110.Reserves i).19 -4.92 0.Total capital employed (E+D) 2.677 242.84 7.19 -6.83 0.85 0.029 1.737 6.560 97.09 0.238 249.67 432.Cash & bank balance 2.Inventory Turnover Ratio (F1 to B2) 13.771.072 1.128.248 17.Cash flows from operations - - - - 109.Capital Reserve ii).83 25.59 3.355 1.817) 16.448 595.468 1.477 12.Total value of bonus shares issued 11.150 215.631 1.519 0 (95. Items A.Operation: 1.Other current assets C.014 (6.87 6.779.Sales i).349.456 1.622 338.500 251 8.27 0.Contractual Liabilities (G2+C1) H.00 -2.03 .099 144.Other non-current liabilities E.26 4. shares) 105 - - - - 2.74 0.223 1.082.76 0.67 9.314 144.626 41.69 1.91 15.060 1.190.997 0 (105.19 4.000 0 0 (92.Net profit margin (F7 as % of F1) 15.Tax provision (current year) 9. Subscribed & Paid up capital i).Cost of sales i).123 347.548 63.795 823.439 510.747) 215.821 - - - - 1.500.471.680.35 112.295 486.651.448.190 1.278.Intangible assets 6.Operating cash flow to debt ratio [F11 to (C+D)] 16.Ordinary Shares ii).175 338.595 1.116 1.618 1.018 0.Short term investments 5.Total amount of dividend 10.Export Sales (Net) 2.230 1.817.Net profit before tax 8.74 1.644 186.Other input cost 3.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.560 568.Earning per share after tax (Rs.561.10 4.807.831 1.58 7.Cost of goods sold to sales (F2 as % of F1) 7.750 0 0 - - - - 220. of Ord.03 0.008 1.513 1.443) 695.365.294 50.815) 135.312 10 276.Total fixed liabilities (D1+D3) 3.014 335.405 540.361 164.802 1.217 0 (497.586 1.604 103.Trade Debt 4.Gross Profit 4.46 1.618 641.Key Performance Indicators 1.898 238.214 359.086.547 147.895 (115.863 92.190.053 1.021 149.977 2.35 0.356 1.263 248.947 1.680.092 335.770 0 0 0 0 - - - - 0 10 0 10 1.551 1.646) 995.091 481.877 30.51 4.02 0.Return of equity (F7 as % of avg.815 588.Other non-current assets B.75 2.201 259.196 4.365.993 80.898 0 (301.479 748.749.847.51 6.723) - - - - 748.09 17.11 -7.75 9.441 871. E) 10.312.

83 0.Debentures/TFCs 4.793) 230.21 0.967 0 7.Revenue Reserve 3.60 2.06 17.117 0 21.356 10 7.383 2.234 11.943 19.Long term secured loans 2.000 0 (208.00 -0.703) 2.871 91.06 0.346 57.417) 208.Sales i).364) 179.552 29.532 0 0 (65.542 5.533 25.11 -4.82 12.Tax provision (current year) 9.273 3.681.532 11.141) (15.387 16.00 0.019 103.25 -1.338 3.730 189.325 57.633) (330.000 230.Depreciation for the year 5.Gross Profit 4.546 15.48 -12.19 0.112) 10.473 4.234 (2.675 1.509 142.Capital work in progress 2.54 -20.59 105.Shareholders Equity (E1+E2+E3) 1.15 0.355 152.484 38.Other input cost 3.502) 210.262) - - - - 230.081 599 18.621 15. E) 10.Retention in business (F7-F8-F9) 4.(A+B)] 9.Selling & distribution expenses ii).262) 230.190 0 0 0 0 0 0 0 0 0 0 - - - - 106.95 1.Total capital employed (E+D) 2.82 - - - - 1.090 1.678 101.482 107.355 (19.Financial expenses as % of sales (F6 as % of F1) 3.000 0 (328.709 53.000 0 (295.583) 0 10.886.Other non-current assets B.112) 0 0 0 - - - - 28 3 0 (2.Cost of sales i).437 123.918 450.586) 9.57 0.10 0.064 10.05 0.918 0 8.33 -3.42 -49.01 -0.36 7.964 99.000 (35.432 2.00 0.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 127.34 -4.00 0.69 115.117 3.210 60.646 0 191.508 99.632) (325.102) 315 0 0 1.Key Performance Indicators 1.000 0 (332.Cost of goods sold to sales (F2 as % of F1) 7.117 3.Operation: 1.868 0.117 4./share) [(F7-F8)/No.062) 230.27 -4.18 93.Issued.000 92.117 3.127 118.Contractual Liabilities (G2+C1) - H.194 89.Break-up value shares (Rs.98 -2.Reserves i).049 166 166 0 156 - - - - (11.938 230.000 (96.580) (2.Total fixed liabilities (D1+D3) 3.678 31.520 29.432 (16.39 0.Current ratio (B to C) 6.33 -7.00 -0.234 189.99 -2.797 106.086 1.000 0 (319.90 .Miscellaneous 1.643 70.064 60.48 - - - - 7.Acid test or quick ratio[(B1+B3+B4) to C] 2.95 -33.945 15.709 74.Total amount of dividend 10.928 633 258 194 244 184 12.124 3.248 1.918 450.Cash & bank balance 2.832) 0 0 (6.241 43 2 0 (4.29 0.855 1.38 0.07 -4.119 0 0 0 0 0 0 0 0 0 7.967 0 0 0 0 0 0 0 9. shares) 106 - - -2.323 4 G.265 191. of Ord.000 21.19 129.241 0 9.11 0. Items A.000 0 (326.02 1.48 0.43 0.303 16.40 4.011 195.41 2.Return on capital employed ( F7 as % of avg.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.13 -2.508 3. Subscribed & Paid up capital i).141 11.273) 229 0 0 636 41.00 0.590 65.Short term investments 5.891 4.80 0.356 7./share) (E/No.792 1.Return of equity (F7 as % of avg.Long term investments 7.000 165.000 (98.092 11.447 0 11.Employees benefit obligations 5.07 0. administrative and other expenses i).Administrative and other expenses 5.983 F.210 155.Ordinary Shares ii).Dividend cover ratio [(F7-F8) to F9] 12.590 96. wages and employee benefits 6.730) 0 (6.701 0 8.Trade Debt 4.Current Liabilities (C1+C2) 1.418 103.Current Assets (B1+B2+B3+B4+B5) 1.464 (11.365) 6.534 0 13.912 86.Other current assets C.Inventories 3.Operating fixed assets at cost 3.80 2.464 9.45 8.Local sales (Net) ii).646 179.Short term Secured loans 2.58 -2.346 0 74.00 -3.Operating cash flow to debt ratio [F11 to (C+D)] 16.84 0.175) 230.190 - - - - 191. G1) 11.645 1.Financial expenses of which: (i) Interest expenses 7.000 (102.03 2.93 0.99 56.526 944 23.Earning per share after tax (Rs.509 70.Other non-current liabilities E.998) (2.580) 230.Intangible assets 6.27 106.00 - - 0.692 0 21.19 -4.Operating fixed assets after deducting accumulated depreciation 4.557 95.987 588 22.Other current liabilities D.088 785 0 0 12.192 189.383 25.00 0.Assets turnover ratio [F1 to (A+B)] 5.Cost of material ii).83 6.35 0.119 - - - - 14.Net profit before tax 8.12 0.000 (89.951 3. of Ord.Debt equity ratio [(C+D) to E] 8.546 0 0 - - - - 0 0 0 0 32.Total value of bonus shares issued 11.31 5.66 6.Preference shares 2.14 -3.951 97.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Salaries.Financial Statement Analysis of Non Financial Sector 2010 Nazir Cotton Mills Ltd.739 195.947) 230.19 -3.654 191.925 - - - - 450.75 0. shares] 17.General.Capital Reserve ii).Non-Current Assets (A1+A3+A5+A6+A7) 1.998) 230.701 111.54 -56.Cash flows from operations - - - - 6.739 0 207.Net profit margin (F7 as % of F1) 15.00 0.737 74.11 - - 0.000 30.248 1.730 13.726 2.Export Sales (Net) 2.643 10.175) 230.918 450.120 979 0 0 (19.86 1.Inventory Turnover Ratio (F1 to B2) 13.03 2.95 45.408 19.Return on assets [F7 as % of avg.59 - - - - - - 14.190 (4.Trade Debt as % of sales (B3 as % of F1) 4.Long term unsecured loans 3.793) 230.57 22.92 6.

Financial Statement Analysis of Non Financial Sector 2010

Nishat (Chunian) Ltd.
Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

5,778,294

6,903,335

6,544,227

6,259,570

15,149,987

24,031,925

-

-

-

-

7,647,290

9,211,220

9,299,224

9,595,457

9,162,761
1,319

18,349,251
1,319

5,778,294
256,034

6,903,335
530,792

6,544,227
661,390

6,259,570
626,330

5,981,577
518,566

5,669,936
537,714

0

0

0

0

-

-

-

-

923
0

7,905
0

2,469,289

2,561,843

3,211,056

4,578,546

4,726
4,659,457

4,833
10,398,218

37,366

10,940

60,671

18,246

34,179

1,651,997

1,330,388
335,844

1,572,827
542,878

1,799,902
842,113

2,447,463
134,338

2,183,104
1,516,729

3,472,226
3,251,175

6,150
759,541

0
435,198

0
508,370

211,733
1,766,766

0
925,446

131,890
1,890,930

2,790,559
2,425,898

3,263,316
2,856,063

4,084,958
2,623,592

5,646,893
3,190,716

6,051,867
5,179,786

10,755,625
8,445,884

364,661
2,780,833

407,253
3,413,020

1,461,366
2,984,127

2,456,177
2,591,029

872,081
10,297,942

2,309,741
17,721,442

-

-

-

-

10,296,390

17,721,442

0

0

0

0

0
0

0
0

-

-

-

-

2,780,833

3,413,020

2,984,127

2,591,029

0
1,552

0
0

2,676,191
683,644

2,788,842
752,008

2,686,198
752,008

2,600,194
752,008

3,459,636
1,240,814

5,953,076
1,654,418

683,644
0
1,992,547

752,008
0
2,036,834

752,008
0
1,934,190

752,008
0
1,848,186

-

-

-

-

827,209
413,605
2,218,822
361,894
1,856,928

1,585,527
68,892
4,298,658
1,540,328
2,758,330

0

0

5,497,405
558,369
4,939,036
4,272,199

6,550,782
1,028,097
5,522,685
5,382,250

7,659,281
1,400,879
6,258,402
6,702,072

9,138,298
3,250,732
5,887,566
8,097,418

-

-

-

-

1,225,206
299,317

1,168,532
367,887

957,209
286,580

1,040,880
315,397

9,964,545
3,676,118
6,288,427
8,473,362
8,150,919
322,443
1,491,183
416,081
291,799
124,282

13,343,540
3,398,711
9,944,829
10,731,692
7,935,918
2,795,774
2,611,848
636,204
438,361
197,843
910,316
1,101,054
1,037,505
1,053,509
138,552
237,829
0
1,258,027

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

-

-

-

-

299,317

367,887

286,580

315,397

-

-

-

-

759,944
62,000
55,440
227,881

340,800
90,000
112,801
0

111,157
101,000
11,280
0

76,720
58,000
14,700
0

-

-

-

-

721,655
1,081,536
1,026,191
166,800
65,000
0
0
683,851

5,457,024
0
642,504
2,425,898

6,201,862
0
137,999
2,856,063

5,670,325
0
(1,123)
2,623,592

5,191,223
0
4,020
3,190,716

13,757,578
10,296,390
101,800
15,476,175

23,674,518
17,721,442
677,128
26,167,326

0.14
3.42
6.11
0.67
0.88
77.71
2.08
12.06
33.31
17.96
12.59
4.13

0.17
7.54
8.29
0.69
0.79
82.16
2.39
3.85
12.47
5.85
2.22
4.16

0.22
8.46
10.99
0.79
0.79
87.50
2.63
1.16
4.06
1.87
0.90
4.26

0.06
7.72
1.47
0.84
0.81
88.61
3.17
0.75
2.90
1.41
1.27
3.73

0.26
10.85
15.22
0.50
0.77
85.04
4.73
1.09
5.51
1.76

0.47
8.25
24.37
0.39
0.97
80.43
4.78
3.88
22.38
5.63
3.85
3.84
2.02
7.90
0.04
5.77
37.55

-

-

-

-

187,899

494,045

648,146

705,281

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

107

-

-

-

-

13.82
0.00
10.21
39.15

5.20
0.00
3.34
37.09

1.45
0.00
0.14
35.72

0.84
0.00
0.25
34.58

4.56
1.16
1.67
0.04
1.23
41.82

Financial Statement Analysis of Non Financial Sector 2010

Nishat Mills Ltd.
Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

9,152,949

10,611,353

10,586,159

11,470,608

23,217,848

34,449,386

-

-

-

-

14,500,105

16,535,153

16,923,939

18,767,115

97,280
19,436,889

365,662
20,681,208

9,151,096
600,252

10,611,353
797,881

10,586,159
975,163

11,470,608
1,071,665

11,102,355
1,116,931

11,476,005
1,099,682

1,853

0

0

0

-

-

-

-

0
11,993,998

0
22,092,093

11,879,897

20,567,973

28,794,458

28,806,681

24,215
8,294,838

515,626
11,732,928

520,999

50,250

69,607

76,549

111,494

110,585

3,322,219
877,358

3,003,174
1,026,884

3,106,436
831,653

4,163,194
1,387,146

4,092,512
1,300,366

6,060,441
2,041,256

6,286,951
872,370

15,143,172
1,344,493

15,466,506
9,320,256

21,825,276
1,354,516

1,414,310
1,376,156

1,554,543
1,966,103

6,253,333
4,953,084

7,051,533
5,658,479

7,649,373
5,018,664

12,463,307
10,367,499

9,602,265
7,775,913

10,568,415
7,778,079

1,300,249
2,858,155

1,393,054
3,015,384

2,630,709
1,773,820

2,095,808
1,321,912

1,826,352
2,579,654

2,790,336
4,237,586

-

-

-

-

2,334,411

2,980,694

0

0

0

0

0
0

0
0

-

-

-

-

2,858,155

3,015,384

1,773,820

1,321,912

0
245,243

0
1,256,892

11,921,358
1,452,597

21,112,409
1,452,597

29,957,424
1,597,857

26,492,070
1,597,857

19,330,767
2,424,827

31,376,313
3,515,999

1,452,597
0
10,468,761

1,452,597
0
19,659,812

1,597,857
0
28,359,567

1,597,857
0
24,894,213

-

-

-

-

2,424,827
0
16,905,940
2,627,004
14,278,936

3,515,999
0
27,860,314
11,150,882
16,709,432

0

0

11,572,168
2,093,532
9,478,636
9,437,269

16,661,434
2,721,641
13,939,793
13,945,702

17,153,262
2,766,129
14,387,133
14,308,324

19,589,804
4,414,325
15,175,479
16,778,058

-

-

-

-

2,134,899
756,264

2,715,732
1,007,167

2,844,938
1,340,738

2,811,746
1,550,535

23,870,379
5,236,221
18,634,158
19,518,838
5,919,709
13,599,129
4,351,541
1,942,250
1,315,630
626,620

31,535,647
7,607,220
23,928,427
25,555,462
7,208,294
18,347,168
5,980,185
2,548,844
1,714,598
834,246
2,631,808
1,126,922
957,399
3,286,069
400,608
879,000
0
988,193

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

-

-

-

-

756,264

1,007,167

1,340,738

1,550,535

-

-

-

-

1,671,465
166,000
244,958
0

1,758,866
201,215
217,890
145,260

1,819,170
220,807
217,890
0

6,118,687
261,100
399,464
0

-

-

-

-

2,170,493
1,446,796
1,240,197
1,561,501
293,500
484,965
0
2,138,364

14,779,513
0
1,260,507
4,953,084

24,127,793
0
1,339,761
5,658,479

31,731,244
0
1,380,473
5,018,664

27,813,982
0
5,458,123
10,367,499

21,910,421
2,334,411
783,036
10,110,324

35,613,899
2,980,694
2,006,461
10,758,773

1.23
3.52
7.58
0.55
1.90
81.55
0.76
8.53
16.90
13.23
6.15
3.48

2.30
4.53
6.16
0.53
2.92
83.70
0.48
6.74
10.65
9.04
7.15
5.55

2.14
4.78
4.85
0.44
3.76
83.41
0.31
5.16
7.12
6.51
7.34
5.52

1.87
4.85
7.08
0.49
2.31
85.65
0.52
15.36
21.68
20.55
14.66
4.71

0.29
6.06
5.45
0.76
0.86
81.77
0.63
4.35
6.82
6.28
2.61
5.83
2.26
6.54
0.18
5.23
79.72

0.35
3.57
6.47
0.68
1.11
81.04
0.47
8.46
12.96
11.42
3.28
5.20
4.43
10.42
0.07
8.21
89.24

-

-

-

-

407,696

755,054

819,267

950,616

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

108

-

-

-

-

14.44
0.00
10.36
82.07

10.56
0.00
10.72
145.34

10.61
0.00
10.00
187.49

31.23
0.00
36.66
165.80

Financial Statement Analysis of Non Financial Sector 2010

Olympia Spinning & Weaving Mills Ltd.
Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

1,280,825

1,453,467

1,477,121

1,680,317

2,066,254

2,005,034

-

-

-

-

1,650,902

1,881,453

1,959,642

2,218,754

0
2,105,877

0
2,112,194

1,280,825
44,448

1,453,467
64,581

1,477,121
61,212

1,680,317
60,080

1,999,995
63,543

1,951,755
60,250

0

0

0

0

-

-

-

-

0
0

0
0

832,476

767,175

777,716

771,373

66,260
711,327

53,279
611,697

16,988

6,054

6,921

2,160

1,706

3,757

528,891
163,626

466,309
146,119

484,732
134,795

408,813
133,372

415,973
160,448

203,057
110,579

0
122,971

0
148,693

0
151,268

44,666
182,362

0
133,200

0
294,304

1,244,643
835,654

1,197,831
781,933

958,044
592,570

1,074,409
526,862

1,666,160
1,031,007

1,370,909
763,096

408,989
380,147

415,898
416,338

365,474
523,380

547,547
444,497

635,152
343,533

607,813
584,410

-

-

-

-

285,621

527,609

0

0

0

0

54,980
0

53,265
0

-

-

-

-

380,147

416,338

523,380

444,497

2,932
0

3,535
0

488,511
24,000

606,473
24,000

773,413
120,000

932,784
120,000

767,888
120,000

661,412
120,000

24,000
0
464,511

24,000
0
582,473

120,000
0
653,413

120,000
0
812,784

-

-

-

-

120,000
0
(468,944)
44,666
(513,609)

120,000
0
(565,390)
44,666
(610,056)

1,258,576
678,075
580,501
1,132,535

1,906,971
520,999
1,385,972
1,701,032

2,258,863
638,554
1,620,309
2,046,115

2,773,016
1,365,178
1,407,838
2,552,674

-

-

-

-

126,041
42,711

205,939
65,735

212,748
79,912

220,342
82,591

1,116,832

1,106,803

2,352,987
1,076,997
1,275,990
2,569,528
2,024,523
545,005
(216,541)
84,939
51,322
33,617

2,729,551
726,615
2,002,936
2,590,267
2,180,324
409,943
139,284
80,765
40,123
40,642
164,922
136,692
100,196
(74,223)
27,192
0
0
41,596

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

-

-

-

-

42,711

65,735

79,912

82,591

-

-

-

-

13,539
8,955
0
0

19,698
20,688
0
0

(21,795)
24,006
0
0

(243)
14,284
0
0

-

-

-

-

159,692
172,932
142,449
(470,215)
12,407
0
0
(270,726)

868,658
0
4,584
835,654

1,022,811
0
(990)
781,933

1,296,793
0
(45,801)
592,570

1,377,281
0
(14,527)
526,862

1,111,421
285,621
(482,622)
1,316,628

1,245,822
527,609
(101,415)
1,290,705

0.15
5.66
13.00
0.60
0.67
89.99
3.33
0.69
3.29
1.89

0.13
6.45
7.66
0.86
0.64
89.20
2.66
0.91
3.60
2.08

0.15
7.04
5.97
1.00
0.81
90.58
1.92
-0.97
-3.16
-1.88

0.17
5.11
4.81
1.13
0.72
92.05
1.63
-0.01
-0.03
-0.02

0.10
7.35
6.82
0.85
0.43
109.20
2.62
-17.98
-55.30
-37.79

0.08
5.01
4.05
1.04
0.45
94.90
2.96
-2.75
-10.39
-6.30

-

-

-

-

71,216

122,905

159,040

141,572

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

109

-

-

-

-

-

-

2.38

4.09

4.66

6.78

5.66
-2.30
-19.98
-0.13
-40.22
63.99

13.44
0.26
-2.72
0.02
-8.45
55.12

-

-

-

-

1.08
0.00
1.91
203.55

1.03
0.00
-0.41
252.70

-0.96
0.00
-3.82
64.45

-0.01
0.00
-1.21
77.73

Financial Statement Analysis of Non Financial Sector 2010

Olympia Textile Mills Ltd.
Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

181,346

176,686

181,507

168,666

121,448

89,285

-

-

-

-

478,568

490,991

515,194

518,567

0
518,567

0
462,687

181,346
19,020

176,214
18,375

181,507
19,142

168,666
17,380

117,879
14,747

87,294
8,411

0

472

0

0

-

-

-

-

0
0

0
0

234,675

170,410

154,785

111,220

3,569
53,203

1,991
46,010

4,594

7,094

6,296

5,456

613

564

153,660
39,264

73,545
16,720

64,518
19,116

12,824
42,137

5,660
2,918

0
2,918

0
37,157

0
73,051

0
64,855

0
50,803

0
44,012

0
42,528

335,461
155,761

314,101
113,642

138,247
51,759

307,360
13,410

31,532
9,432

12,443
0

179,700
39,112

200,459
15,703

86,488
195,530

293,950
10,180

22,100
233,685

12,443
234,158

-

-

-

-

0

0

0

0

-

-

-

-

39,112

15,703

195,530

41,448
108,040

17,292
108,040

108,040
0
(66,592)

0

0

233,685
0

234,158
0

10,180

0
0

0
0

2,515
108,040

(37,654)
108,040

(90,566)
108,040

(111,306)
108,040

108,040
0
(90,748)

108,040
0
(105,525)

108,040
0
(145,694)

-

-

-

-

108,040
0
(198,606)
0
(198,606)

108,040
0
(219,346)
0
(219,346)

482,996
482,996
0
451,990

648,153
648,153
0
628,241

668,257
668,257
0
659,234

638,551
638,551
0
652,613

-

-

-

-

31,006
12,092

19,912
15,155

9,023
15,664

(14,062)
14,366

0

0

245,373
245,373
0
280,812
212,252
68,560
(35,440)
12,074
106
11,968

5,660
5,660
0
15,699
5,660
10,039
(10,039)
10,157
0
10,157
1,773
870
196
(20,740)
0
0
0
(14,956)

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

-

-

-

-

12,092

15,155

15,664

14,366

-

-

-

-

8,977
2,415
0
0

(9,189)
3,231
0
0

(21,165)
(3,338)
0
0

(34,115)
3,194
0
0

-

-

-

-

17,017
6,801
4,851
(54,124)
0
0
0
(72,679)

80,560
0
6,562
155,761

32,995
0
(12,420)
113,642

198,045
0

(27,474)
0
(37,309)
13,410

143,119
0
(54,124)
9,432

122,852
0
(20,740)
0

0.13
2.11
8.13
1.16
0.70
93.58
9.04
2.38
23.40
11.80

0.08
2.21
2.58
1.87
0.54
96.93
19.07
-2.41
-31.29
-16.18

0.18
2.18
2.86
1.99
1.12
98.65
132.71
-6.19
-213.71
-18.32

0.15
0.95
6.60
2.28
0.36
102.20
-8.43
-11.07
194.17
-40.00

0.11
2.77
1.19
1.40
1.69
114.44
-2.93
-23.82
84.42
-93.60

0.28
15.36
51.55
0.04
3.70
277.36
-2.22
-13.38
20.55
-15.60

-

-

-

-

-

10,185

14,299

14,567

6,035

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

51,759

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

110

-

-

-

-

-

3.14

8.81

10.36

49.79

43.35
-10.16
-22.06
-0.27
-5.01
-8.38

-

-

-

-

1.86
0.00
0.61
3.84

-1.42
0.00
-1.15
1.60

-3.17
0.00

-5.34
0.00
-3.45
-3.49

0.23

-104.82
-366.43
-0.06
-1.92
-10.30

Financial Statement Analysis of Non Financial Sector 2010

Paramount Spinning Mills Ltd.
Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

811,984

808,483

772,516

781,892

1,203,979

1,218,437

-

-

-

-

1,155,260

1,260,874

1,300,486

1,336,127

945
1,384,620

3,266
1,423,359

811,984
41,801

808,483
71,877

772,516
71,390

781,892
43,345

759,398
43,048

760,143
42,279

0

0

0

0

-

-

-

-

0
436,488

0
448,247

907,898

1,442,113

1,658,935

2,080,182

7,149
1,746,719

6,781
1,966,189

57,738

38,445

48,892

74,635

60,141

61,649

462,349
177,265

523,765
190,081

702,442
258,659

1,192,148
237,834

1,259,506
274,452

1,329,317
353,170

80,999
129,547

519,589
170,233

421,377
227,565

420,819
154,746

2,145
150,475

0
222,052

716,617
605,990

933,039
804,718

1,487,105
937,445

1,875,410
1,158,306

1,810,199
1,484,039

1,948,177
1,533,409

110,627
575,800

128,321
423,294

549,660
216,964

717,104
233,509

326,160
352,496

414,768
340,409

-

-

-

-

108,650

85,058

283,702

180,599

0

0

175,000
0

175,000
0

-

-

-

-

292,098

242,695

216,964

233,509

30,592
38,254

38,869
41,482

427,465
105,000

894,263
110,250

727,382
121,275

753,155
133,403

788,003
143,408

896,040
157,748

105,000
0
322,465

110,250
0
784,013

121,275
0
606,107

133,403
0
619,752

-

-

-

-

143,408
0
574,425
15,400
559,025

157,748
0
668,121
15,400
652,721

70,171

70,171

1,110,559
573,445
537,114
976,869

1,658,730
569,890
1,088,840
1,388,523

1,852,295
500,211
1,352,084
1,548,157

2,549,115
1,091,634
1,457,481
2,195,240

-

-

-

-

133,690
36,867

270,207
102,331

304,138
120,381

353,875
136,110

2,811,466
1,061,497
1,749,969
2,363,110
1,578,134
784,976
448,357
167,744
104,537
63,207

3,117,790
948,225
2,169,564
2,569,057
1,942,153
626,904
548,733
175,745
106,968
68,777
318,184
250,718
242,963
125,992
25,729
15,775
15,775
17,331
1,236,449
85,058
84,488
1,618,467

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

-

-

-

-

36,867

102,331

120,381

136,110

-

-

-

-

30,172
6,235
10,500
0

42,537
15,046
0
5,250

30,600
18,950
0
0

73,880
14,586
0
12,127

-

-

-

-

276,399
264,120
257,296
35,371
17,429
0
14,341
(80,270)

1,003,265
283,702
13,437
889,692

1,317,557
180,599
27,491
985,317

944,346
0
11,650
937,445

986,664
0
59,294
1,158,306

1,140,499
108,650
17,942
1,592,689

0.44
6.29
15.96
0.65
1.27
87.96
3.02
1.98
7.94
3.27
2.28
2.40

0.80
7.68
11.46
0.74
1.55
83.71
1.52
2.14
6.44
3.67

0.49
8.57
13.96
0.76
1.12
83.58
2.34
1.31
3.77
2.71

0.39
7.14
9.33
0.89
1.11
86.12
2.80
2.79
9.98
7.65

0.19
9.39
9.76
0.95
0.96
84.05
2.74
1.22
4.59
3.33

-

-

-

-

69,848

127,399

158,794

181,908

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

111

-

-

-

-

3.17

2.64

2.14

2.23
1.14
1.26
-0.04
1.25
54.95

-

-

-

-

2.72
0.00
2.28
40.71

2.56
0.00
2.49
81.11

1.65
0.00
0.96
59.98

2.90
0.00
4.44
56.46

0.21
8.04
11.33
0.98
1.01
82.40
2.55
4.11
14.96
10.60
6.36
2.35
1.52
4.04
0.01
6.36
56.80

Financial Statement Analysis of Non Financial Sector 2010

Premium Textile Mills Ltd.
Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

593,113

623,028

643,434

637,081

587,528

572,824

-

-

-

-

819,724

932,106

942,079

1,028,793

0
1,074,008

0
1,107,677

593,113
36,438

623,028
62,043

643,434
65,355

637,081
64,877

586,675
61,537

571,982
60,481

0

0

0

0

-

-

-

-

0
0

0
0

1,006,887

610,111

609,382

911,145

853
821,259

843
907,565

1,387

1,108

2,457

2,806

2,220

5,898

609,184
339,220

315,772
227,682

238,924
299,225

347,564
481,520

323,290
444,457

303,337
528,177

0
57,096

0
65,549

0
68,776

0
79,255

0
51,292

0
70,153

1,085,059
976,718

770,191
622,538

815,381
582,335

1,039,662
825,585

856,671
764,765

847,658
672,269

108,341
226,413

147,653
238,798

233,046
218,772

214,077
284,450

91,906
331,320

175,389
224,928

-

-

-

-

248,184

105,000

0

0

0

0

40,000
0

40,000
0

-

-

-

-

226,413

238,798

218,772

284,450

4,689
38,447

6,368
73,561

288,528
61,630

224,150
61,630

218,663
61,630

224,114
61,630

220,795
61,630

407,802
61,630

61,630
0
226,898

61,630
0
162,520

61,630
0
157,033

61,630
0
162,484

-

-

-

-

61,630
0
145,222
0
145,222

61,630
0
333,759
0
333,759

13,944

12,413

996,044
971,548
24,496
875,516

1,471,173
1,471,173
0
1,279,157

1,499,671
1,484,635
15,036
1,347,870

1,923,939
1,897,361
26,578
1,727,232

-

-

-

-

120,528
24,948

192,016
35,740

151,801
34,973

196,707
39,839

2,113,500
2,093,782
19,718
1,899,248
1,560,082
339,166
214,252
41,100
16,401
24,699

3,209,472
3,042,192
167,280
2,706,750
1,988
2,704,763
502,722
79,495
27,000
52,495
159,865
162,474
151,900
265,668
38,692
30,815
0
473,795

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

-

-

-

-

24,948

35,740

34,973

39,839

-

-

-

-

37,696
4,428
6,163
0

36,206
7,312
9,245
0

15,061
7,419
12,326
0

22,913
9,987
6,163
0

-

-

-

-

140,150
172,330
166,055
2,276
336
4,622
0
321,066

514,941
0
27,105
976,718

462,948
0
19,649
622,538

437,435
0
(4,684)
582,335

508,564
0
6,763
825,585

552,116
248,184
(2,683)
1,012,949

632,731
105,000
196,161
777,269

0.31
6.00
34.06
0.62
0.93
87.90
4.55
2.77
16.44
8.70
5.40
1.64

0.30
8.10
15.48
1.19
0.79
86.95
4.50
2.56
14.12
7.40
3.13
4.66

0.37
6.84
19.95
1.20
0.75
89.88
4.73
1.21
6.80
3.35
0.62
6.28

0.47
6.64
25.03
1.24
0.88
89.78
5.91
1.64
10.35
4.84
2.10
5.54

0.52
8.15
21.03
1.50
0.96
89.86
5.38
0.15
1.02
0.43
0.42
6.54
1.01
0.11
0.27
0.31
35.83

0.63
5.06
16.46
2.17
1.07
84.34
2.63
18.39
84.53
44.84
7.37
10.58
2.75
8.28
0.44
36.83
66.17

-

-

-

-

59,757

119,182

102,532

127,659

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

112

-

-

-

-

3.78
0.00
5.40
46.82

2.46
0.00
4.69
36.37

1.00
0.00
1.24
35.48

1.19
0.00
2.10
36.36

Financial Statement Analysis of Non Financial Sector 2010

Prosperity Weaving Mills Ltd.
Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

994,881

998,225

1,053,786

1,021,502

925,767

844,624

-

-

-

-

1,523,849

1,628,874

1,788,209

1,859,778

0
1,859,395

0
1,863,250

994,881
42,596

998,225
102,253

1,053,786
103,785

1,021,502
106,898

925,210
98,762

844,400
90,027

0

0

0

0

-

-

-

-

0
0

0
0

497,485

424,681

519,031

535,777

557
622,035

225
669,145

53,447

2,612

43,748

8,998

6,335

80,171

190,707
136,447

170,338
126,080

264,956
131,417

296,829
145,830

154,236
159,256

409,863
103,188

7,000
109,884

0
125,651

0
78,910

0
84,120

0
302,207

0
75,923

519,480
429,074

501,697
317,278

594,250
238,782

468,313
96,555

387,065
197,242

501,819
294,786

90,406
635,556

184,419
527,200

355,468
579,863

371,758
754,703

189,823
749,097

207,033
509,950

-

-

-

-

645,345

382,623

0

0

0

0

90,000
0

90,000
0

-

-

-

-

635,556

527,200

579,863

754,703

4,441
9,312

4,220
33,108

337,330
168,000

394,009
168,000

398,704
184,800

334,263
184,800

411,639
184,800

502,000
184,800

168,000
0
169,330

168,000
0
226,009

184,800
0
213,904

184,800
0
149,463

-

-

-

-

184,800
0
189,656
16,600
173,056

184,800
0
280,017
16,600
263,417

37,183

37,183

1,798,540
828,826
969,714
1,681,526

2,699,412
2,699,412
0
2,497,608

2,702,593
1,127,461
1,575,132
2,542,748

2,737,590
1,379,104
1,358,486
2,602,563

-

-

-

-

117,014
48,227

201,804
58,509

159,845
55,743

135,027
97,900

3,634,559
1,063,804
2,570,755
3,265,698
2,336,774
928,924
368,861
132,758
86,163
46,595

4,070,195
2,383,983
1,686,212
3,670,926
2,949,006
721,920
399,270
123,004
71,340
51,664
164,989
116,550
106,782
176,389
25,271
55,440
0
47,517

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

-

-

-

-

48,227

58,509

55,743

97,900

-

-

-

-

22,016
9,946
25,200
0

49,319
17,236
0
16,800

14,854
19,427
0
0

(54,021)
13,876
0
0

-

-

-

-

150,713
134,405
124,806
108,119
18,866
36,960
0
389,925

972,886
0
(13,130)
429,074

921,209
0
32,083
317,278

978,567
0
(4,573)
238,782

1,088,966
0
(67,897)
96,555

1,160,736
645,345
52,294
842,587

1,011,950
382,623
95,677
677,409

0.38
2.61
7.59
1.21
0.96
93.49
3.42
1.50
6.44
2.31
0.48
9.43

0.26
3.59
4.67
1.90
0.85
92.52
2.61
3.38
13.49
5.21

0.29
3.47
4.86
1.72
0.87
94.09
2.94
0.99
3.75
1.56

0.33
3.58
5.33
1.76
1.14
95.07
3.66
-3.45
-14.74
-5.23

0.43
3.70
4.38
2.35
1.61
89.85
2.76
6.96
28.99
9.61
2.41
23.56
1.87
2.97
0.34
4.83
22.27

0.37
2.86
2.54
2.69
1.33
90.19
2.02
11.52
38.61
16.24
2.73
9.93
2.65
4.33
0.05
8.18
27.16

-

-

-

-

46,908

96,788

93,654

97,926

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

113

-

-

-

15.85

10.20

9.22

-

-

-

-

1.22
0.00
0.72
20.08

1.83
0.00
1.91
23.45

0.55
0.00
-0.25
21.57

-1.97
0.00
-3.67
18.09

Financial Statement Analysis of Non Financial Sector 2010

Quality Textile Mills Ltd.
Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

456,563

583,253

543,183

507,940

555,658

600,393

-

-

-

-

697,834

860,184

864,087

868,069

6,815
948,451

0
1,031,834

456,563
26,332

583,253
35,437

543,183
45,554

507,940
41,927

546,678
42,950

598,228
43,458

0

0

0

0

-

-

-

-

0
0

0
0

268,787

352,999

307,112

390,466

2,165
389,422

2,165
378,775

1,798

1,645

617

1,005

1,920

1,148

184,332
60,387

224,700
77,630

179,730
74,522

228,413
103,604

180,477
178,363

175,931
155,567

0
22,270

0
49,024

0
52,243

0
57,444

0
28,663

0
46,129

276,584
216,774

476,596
371,517

368,305
260,876

394,030
293,851

385,648
340,254

359,382
210,693

59,810
91,623

105,079
59,793

107,429
90,915

100,179
115,619

45,395
172,682

148,689
102,006

-

-

-

-

35,400

11,800

0

0

0

0

0
0

0
0

-

-

-

-

91,623

59,793

90,915

115,619

67,220
70,062

82,804
7,402

357,143
159,778

399,863
159,778

391,075
159,778

388,757
159,778

386,750
159,778

517,780
159,778

159,778
0
197,365

159,778
0
240,085

159,778
0
231,297

159,778
0
228,979

-

-

-

-

159,778
0
82,585
0
82,585

159,778
0
165,107
0
165,107

144,387

192,896

761,596
624,001
137,595
665,100

888,448
888,448
0
788,971

953,928
686,238
267,690
866,538

1,032,951
853,269
179,682
937,957

-

-

-

-

96,496
19,226

99,477
22,448

87,390
21,983

94,994
20,587

1,220,867
932,960
287,907
1,106,377
835,613
270,764
114,490
34,783
18,310
16,473

1,584,088
1,048,737
535,351
1,335,517
1,082,662
252,855
248,571
66,479
29,779
36,701
91,845
65,933
61,119
116,712
25,834
23,967
0
175,450

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

-

-

-

-

19,226

22,448

21,983

20,587

-

-

-

-

51,067
4,473
0
0

32,454
5,741
15,978
0

14,497
4,770
0
0

21,545
5,214
0
0

-

-

-

-

67,476
70,020
67,441
10,878
2,349
0
0
29,787

448,766
0
46,594
216,774

459,656
0
10,735
371,517

481,990
0
9,727
260,876

504,376
0
16,331
293,851

559,432
35,400
8,529
375,654

619,786
11,800
66,912
222,493

0.22
3.57
7.93
1.05
0.97
87.33
1.03
7.96
17.95
13.22

0.17
5.16
8.74
0.95
0.74
88.80
1.34
3.91
8.57
7.15
1.67
3.95

0.20
5.49
7.81
1.12
0.83
90.84
1.17
1.62
3.67
3.08

0.27
5.43
10.03
1.15
0.99
90.80
1.31
2.46
5.53
4.37

0.47
5.74
14.61
1.29
1.01
90.62
1.44
1.18
2.81
2.05

0.44
4.16
9.82
1.62
1.05
84.31
0.89
12.13
25.81
19.79
3.79
9.00
2.91
7.37
0.38
5.69
32.41

-

-

-

-

27,196

45,817

52,336

56,054

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

4.13

114

-

-

-

5.31

4.52

6.76
1.16
0.89
0.05
0.53
24.21

-

-

-

-

6.71
0.00
2.92
22.35

3.65
0.00
1.67
25.03

1.52
0.00
0.61
24.48

2.09
0.00
1.02
24.33

Financial Statement Analysis of Non Financial Sector 2010

Quetta Textile Mills Ltd.
Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

2,475,189

3,069,764

3,432,131

4,119,622

5,054,660

4,955,743

-

-

-

-

3,802,860

4,645,219

5,066,776

6,184,240

117,383
7,294,131

136,121
7,431,304

2,475,189
130,519

3,069,764
248,104

3,432,131
151,472

4,119,622
178,496

4,871,288
211,072

4,775,130
233,820

0

0

0

0

-

-

-

-

0
48,486

0
26,988

1,914,589

2,107,806

2,229,078

3,393,615

17,504
3,857,386

17,504
3,552,358

9,301

6,724

5,733

2,855

3,113

3,219

1,109,023
220,787

1,210,439
356,123

1,103,997
376,336

2,074,552
555,620

2,229,194
886,019

2,269,204
524,062

57,362
518,116

83,393
451,127

2,011
741,001

132,289
628,299

0
739,060

0
755,874

2,317,214
1,651,442

2,887,080
2,179,153

2,810,376
1,387,288

4,647,636
2,735,891

4,408,999
4,107,244

4,069,031
3,684,405

665,772
1,422,649

707,927
1,589,721

1,423,088
2,118,140

1,911,745
2,451,698

301,754
3,226,916

384,626
2,138,781

-

-

-

-

2,123,703

1,743,355

0

0

0

0

773,162
0

23,900
0

-

-

-

-

1,422,649

1,589,721

2,118,140

2,451,698

59,491
270,561

67,762
303,764

649,915
31,250

700,769
31,250

732,693
31,250

413,903
31,250

1,276,131
31,250

2,300,289
130,000

31,250
0
618,665

31,250
0
669,519

31,250
0
701,443

31,250
0
382,653

-

-

-

-

31,250
0
458,943
0
458,943

130,000
0
1,406,725
651,750
754,975

785,938

763,564

2,859,845
757,185
2,102,660
2,608,020

4,735,926
2,130,602
2,605,324
4,339,925

5,093,317
2,467,367
2,625,950
4,592,903

6,015,548
2,696,619
3,318,929
5,421,705

-

-

-

-

251,825
36,595

396,001
27,117

500,414
32,508

593,843
64,002

7,514,899
3,629,194
3,885,705
6,177,193
4,307,017
1,870,177
1,337,706
462,119
314,175
147,944

9,334,112
4,622,449
4,711,662
7,626,141
5,515,387
2,110,754
1,707,971
392,674
286,765
105,909

531,160
830,513
822,916
98,968
37,317
0
0
(400,422)

619,024
962,309
955,825
375,592
75,307
26,000
0
833,903

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

-

-

-

-

36,595

27,117

32,508

64,002

-

-

-

-

137,148

292,627

348,829

495,258

-

-

-

-

113,702
25,465
0
0

91,291
38,657
4,688
0

144,333
37,345
4,687
0

46,556
33,307
0
0

-

-

-

-

2,072,564
0
88,237
1,651,442

2,290,490
0
47,946
2,179,153

2,850,833
0
102,301
1,387,288

2,865,601
0
13,249
2,735,891

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

4,503,047
2,123,703
61,651
6,230,947

4,439,070
1,743,355
274,285
5,427,760

H.Key Performance Indicators
0.12
4.80
7.72
0.65
0.83
91.19
5.75
3.01
20.89
6.70

1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

2.58

115

0.15
6.18
7.52
0.91
0.73
91.64
6.39
1.91
13.52
4.18
11.23
3.91

0.14
6.85
7.39
0.90
0.79
90.18
6.73
2.66
20.14
5.61
22.83
4.61

0.15
8.23
9.24
0.80
0.73
90.13
17.15
0.71
8.12
1.63

0.20
11.05
11.79
0.84
0.87
82.20
5.98
1.21
11.71
2.69

-

-

2.90

3.37
1.12
1.32
-0.05
19.73
408.36

-

-

-

-

3.98
0.00
28.24
207.97

1.93
0.00
16.84
224.25

2.83
0.00
34.24
234.46

0.77
0.00
4.24
132.45

0.13
10.31
5.61
1.10
0.87
81.70
2.70
4.31
21.00
8.40
11.55
4.11
1.39
4.02
0.13
23.10
176.95

Financial Statement Analysis of Non Financial Sector 2010

Ravi Textile Mills Ltd.
Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

274,685

262,273

187,802

326,452

301,994

286,530

-

-

-

-

372,125

293,300

262,273

336,927

1,329
347,737

64
352,455

274,685
7,885

262,273
13,715

187,802
13,774

326,452
12,128

300,422
17,535

286,223
18,924

0

0

0

0

-

-

-

-

0
0

0
0

111,285

127,117

13,425

56,427

243
135,028

243
117,893

109

411

167

3,904

2,059

446

89,688
1,878

78,587
3,049

604
133

23,920
3,632

51,211
7,871

40,202
57,170

0
19,610

0
45,070

0
12,521

0
24,971

0
73,888

0
20,076

137,538
83,244

211,208
94,315

142,237
17,956

207,378
0

134,431
87,705

142,467
80,148

54,294
60,602

116,893
32,031

124,281
54,552

207,378
32,334

46,726
62,459

62,319
57,526

-

-

-

-

0

0

0

0

-

-

-

-

60,602

32,031

54,552

187,830
70,380

146,151
70,380

70,380
0
117,450

0

0

26,155
0

26,155
0

32,334

2,840
33,464

2,080
29,291

4,438
70,380

143,167
70,380

240,133
250,000

204,430
250,000

70,380
0
75,771

70,380
0
(65,942)

70,380
0
72,787

-

-

-

-

250,000
0
(174,866)
0
(174,866)

250,000
0
(205,957)
0
(205,957)

164,999

160,387

361,158
361,158
0
361,086

448,248
448,248
0
443,408

282,733
282,733
0
301,396

12,615
12,615
0
27,188

-

-

-

-

72
10,999

4,840
17,128

(18,663)
36,873

(14,573)
10,945

316,778
316,778
0
347,095
239,347
107,748
(30,317)
11,180
954
10,226

432,368
429,309
3,059
452,614
287,911
164,703
(20,246)
13,521
1,908
11,613
46,065
12,644
12,182
(36,080)
6,129
0
0
(220)

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

-

-

-

-

10,999

17,128

36,873

10,945

-

-

-

-

(17,356)
1,592
0
0

(29,844)
2,245
0
0

(63,844)
1,416
0
0

4,561
63
0
0

-

-

-

-

40,276
12,511
12,051
243
0
0
0
179,045

248,432
0
(18,948)
83,244

178,182
0
(32,089)
94,315

58,990
0
(65,260)
17,956

175,501
0
4,498
0

302,591
0
243
87,705

261,956
0
(42,209)
80,148

0.01
2.17
0.52
0.94
0.81
99.98
1.05
-5.77
-15.96
-10.05

0.02
4.08
0.68
1.15
0.60
98.92
1.66
-7.70
-17.87
-13.99

0.00
3.25
0.05
1.41
0.09
106.60
44.34
-21.62
-84.79
-53.84

0.04
16.00
28.79
0.03
0.27
215.52
1.67
1.56
6.18
3.89

0.07
3.95
2.48
0.72
1.00
109.57
0.82
0.06
0.13
0.10

0.40
2.92
13.22
1.07
0.83
104.68
0.98
-8.58
-16.23
-12.78

-

-

-

-

7,820

18,302

9,176

2,019

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

116

-

-

-

-

-

-

4.03

5.70

468.10

0.53

6.19
1.02
0.08
0.91
0.01
9.61

10.75
-1.96
-8.34
0.00
-1.69
8.18

-

-

-

-

-4.81
0.00
-2.69
26.69

-6.66
0.00
-4.56
20.77

-22.58
0.00
-9.27
0.63

36.16
0.00

-

Trade Debt 4.236 166.Other non-current assets B.996 443.358 6.319) 116.760 212.410.40 0.Other input cost 3.Salaries.048 7.244 (2.Current ratio (B to C) 6.141 35.017 624.Operating fixed assets at cost 3.885 42.05 11.050 0 1.794 88.Acid test or quick ratio[(B1+B3+B4) to C] 2.168 492.506 869.Return on capital employed ( F7 as % of avg.607 36.564 26.469.353 533.926 0 (153.Other current assets C.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.882 82.430 921.155.06 0.40 0.243 113.95 1.838 4.563 F.Earning per share after tax (Rs.128 0 0 (43.430 322.34 1.821) 921.303.01 3.Sales i).390 313.00 2.926 0 319.395 925.64 5.241.926 212.82 11.353 0 70.Revenue Reserve 3.654 114.926 542.334 12.926 0 (167.499 896.565) 492.286.557.22 0.06 0.226 197.Dividend cover ratio [(F7-F8) to F9] 12.995 2.834 212.131 190.332 155.557 1.07 0.29 10.Capital Reserve ii).020 44.708 2.19 2.504 1.Capital work in progress 2.94 0.Operation: 1.187 416.680 155.315 0 0 471 3.231 816.46 3.242 - - - - 492.084 40.629 73.Tax provision (current year) 9.Cash & bank balance 2.Issued.Cash flows from operations - - - - 12.193 115.07 0.577 994.36 -0.Short term investments 5.191 210.714 0 579.Other current liabilities D.834 3.817) 16 (153.Cost of material ii).Contractual Liabilities (G2+C1) H.00 -0.332 155.00 -0./share) (E/No.260 675.630 3.926 0 637.926 0 49.141 974.323 493.736 38.Selling & distribution expenses ii).356 735.777 0 0 - - - - 85.096.470 1.573) (8) (167.641 900.99 89.521 322.69 -0.779 164.12 25.36 0.328 (1.72 1.Long term investments 7.627) 4.220 - - - - 47.310 G.23 1.315 0 0 47.229 25.610 613.09 -8.636 0 1.408 258.01 3.Other non-current liabilities E.36 0.618 75.72 0.78 0.Net profit before tax 8.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Short term Secured loans 2.Financial expenses as % of sales (F6 as % of F1) 3.615 478.Intangible assets 6. of Ord.64 -3.01 17.232.902 71.107 0 70.582 50.244 0 576.582 67.Gross Profit 4.427 493./share) [(F7-F8)/No.Inventory Turnover Ratio (F1 to B2) 13.91 0.779 186.61 0.460.Total capital employed (E+D) 2.953) 366 0 0 (2.084 899.369) 82.15 39.404) 75.546 5.93 95.231 616.Employees benefit obligations 5.186 1.926 0 637.49 0.159.04 0.Cost of sales i).98 1.668 204.500 537.807 108.528 16.05 10.78 1.920 10.Assets turnover ratio [F1 to (A+B)] 5.276 961.771 1.538 9.26 2.86 0.788 21.236 71.241.94 1.Miscellaneous 1.979 5.Administrative and other expenses 5.940 1.770 188 188 744 22.34 0.56 90.Break-up value shares (Rs.043 112.097 32. of Ord.21 0.552 0 (2.Return on assets [F7 as % of avg.989 1.833) 210.323 742.926 535.00 2.141 35.Preference shares 2.926 542.220 1.902 71. Subscribed & Paid up capital i).Trade Debt as % of sales (B3 as % of F1) 4.98 11.219 212.277 5.09 2.853 - - - - 1.254 164.Local sales (Net) ii).Retention in business (F7-F8-F9) 4.95 5.979 165.Cost of goods sold to sales (F2 as % of F1) 7.96 0.72 0.139 4.Debentures/TFCs 4.488 - - - - 50.Financial expenses of which: (i) Interest expenses 7.430 646.05 6.13 0.552 0 0 0 0 - - - - 0 39 0 71 319.19 0.205 - - - - 0 0 0 0 - - - - 71.128 974.107 55 140.Operating fixed assets after deducting accumulated depreciation 4.147 0 (48.719 74.803 384.12 -6.333 850.(A+B)] 9.041 18.01 - - - - 9.83 -0.42 95.996 0 45.741 0 (2.989 278.187 319.80 7.582 12.46 3.803 167.480 12.995 2.052 209.422 130.Operating cash flow to debt ratio [F11 to (C+D)] 16.Ordinary Shares ii).60 18.50 0.807 108.Net profit margin (F7 as % of F1) 15. E) 10.582 25.97 4.Total fixed liabilities (D1+D3) 3.001 203.333 740.17 0.99 89.771 1.641 45.643 150.884 999.Financial Statement Analysis of Non Financial Sector 2010 Redco Textiles Ltd.Long term secured loans 2. shares) 117 - - - - - - 3.96 9.926 212.01 17.333 1.453 627.Long term unsecured loans 3.760 212.358 21.00 -0.417 0 0 51.236 114.680 155.167 44.803 384.657) 42.633 0 113.General.307 36.949 41.029.86 5.911 899.996 443.72 0.Current Liabilities (C1+C2) 1.601 0 139.236 701. wages and employee benefits 6.17 0.911 35.06 -0.65 99.911 9.239 115.181 0 73.99 1.Inventories 3.914 11.124 4.480 12.78 0.Shareholders Equity (E1+E2+E3) 1.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 925. Items A.00 .83 12.15 39.141 925.Total amount of dividend 10.Key Performance Indicators 1.26 2.293 492.14 -0.86 6. administrative and other expenses i).036.Return of equity (F7 as % of avg.44 - - - - 9.943 59.558 874.70 2.086 5.113 84.272 0.354 492.Reserves i).128 925.402 1.272 166. G1) 11.21 0.536 492. shares] 17.00 -4.Current Assets (B1+B2+B3+B4+B5) 1.53 0.006 29.Non-Current Assets (A1+A3+A5+A6+A7) 1.Export Sales (Net) 2.224 1.996 0 45.430 743.323 4.926 850.018 532.Total value of bonus shares issued 11.Debt equity ratio [(C+D) to E] 8.12 4.035.113 84.Depreciation for the year 5.592 3.778 29.61 0.

Total capital employed (E+D) 2.000 0 155. of Ord.88 5.Trade Debt 4.531 - - - - 303.26 80.319 3.908 53.40 9.965 2.305 (8.140 0 45.304 213.962 31.496 0 198.45 3.274 166.677 1.Ordinary Shares ii).100 23.792 182.Sales i).684 15.407 0 0 - - - - 33.Shareholders Equity (E1+E2+E3) 1.493 2.150 85.772 0 10.587 0 (14.Other current assets C.Operating fixed assets at cost 3.304 48.886 11.Long term secured loans 2.23 1.13 16.Employees benefit obligations 5.84 9.97 1.690 0 66.895 0 11.587 18.569) 159.62 0.Short term investments 5.758 0 283.43 3.886 4.Cost of goods sold to sales (F2 as % of F1) 7.217 0 292.749 3.244 62 5.098 175.843 100.317 1.65 7.34 89.60 0.Return on assets [F7 as % of avg.65 -0.Depreciation for the year 5.92 5.436 98.452 22.565 11.256) 87.16 3.Preference shares 2.25 20.73 6.Financial expenses as % of sales (F6 as % of F1) 3.Retention in business (F7-F8-F9) 4.789 165.424 27.192 30.General.897 19.Cash & bank balance 2.818 57.897 10.358 3.869 169.416 47.718 169.758 274.Net profit margin (F7 as % of F1) 15.379 0 13.059 1.Total value of bonus shares issued 11.229 346.Selling & distribution expenses ii).97 8.395 - - - - 4.617 3.63 0.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.891 440 1.88 8.Inventory Turnover Ratio (F1 to B2) 13. G1) 11. of Ord.331 8.340) 3.667 10.32 1.007 19.256 6.070 53.184 202. shares] 17.52 1.416 (21.Operating fixed assets after deducting accumulated depreciation 4.92 8.587 0 (119.106 45.Financial expenses of which: (i) Interest expenses 7. administrative and other expenses i).Debt equity ratio [(C+D) to E] 8.421 8.331 177.Other non-current assets B.26 92.Administrative and other expenses 5. shares) 3.878 21.587 15.52 -18.38 0.532 0 0 0 0 - - - - 0 5.167 71.44 94.927 16.802 348.79 7.545 178.682 9.88 11.85 7.Capital Reserve ii).02 1.730 337 0 0 16.587 0 (29.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 147.319 0 2.03 4.35 -85.278 45.47 0.04 - - - - 7.572 281.297 78 347.587 47.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.395 274.002 486 6.464 132 3.458 47.083 147.733 233.451 2.952 4.Gross Profit 4.797 G.662 3.649 0 0 0 0 33.537 233.168 0 0 3.Current Liabilities (C1+C2) 1.40 7.129) 47.40 - - - - 301 2.18 -8.917) - - - - 47.44 19.Net profit before tax 8.04 14.891 31.58 31.Trade Debt as % of sales (B3 as % of F1) 4.690 71.35 2.931 0.00 0.07 0.Inventories 3.Capital work in progress 2.05 0.117 - - - - 5.00 2.86 -1.231 329.416 5.03 -7.886 165.Export Sales (Net) 2.Non-Current Assets (A1+A3+A5+A6+A7) 1.734 64.405 47.676 2.00 3.283 5.51 6.Long term unsecured loans 3.Break-up value shares (Rs.24 1.299 6.39 0.587 33.649 33.185 181.867 0 4.73 118 0.Assets turnover ratio [F1 to (A+B)] 5.257 1.Intangible assets 6.Current Assets (B1+B2+B3+B4+B5) 1.331 (21.587 0 (13.72 10.086 160.712 177.Long term investments 7.55 1.116 26.274) 47.250 0 12.718 152.Total fixed liabilities (D1+D3) 3.00 0.422 2.297 0 36.670 47.421 169.470 47.011) 52 0 0 (12.410) 47.203 27.Return of equity (F7 as % of avg.185 53.43 7.Cost of sales i).715 16.184 0 181.360 33.927 6.24 0.278 222.Operating cash flow to debt ratio [F11 to (C+D)] 16. wages and employee benefits 6.Return on capital employed ( F7 as % of avg.44 100.398 23.539 5.87 0.Contractual Liabilities (G2+C1) H.(A+B)] 9.Local sales (Net) ii).076 162.475 7.50 0.26 50.Miscellaneous 1.177 47.184 35.08 0.74 6.Reserves i).617 16.203 191.694 17.436 0 265.59 0.92 31.07 103.39 - - - - 6.27 5.85 1.366) 908 (120.Financial Statement Analysis of Non Financial Sector 2010 Regent Textile Industries Ltd.152 47.063) 31.42 38.393 0 35.448 10.Issued.Cost of material ii).432 27.436 85. Items A.053 45.Debentures/TFCs 4.Key Performance Indicators 1.Other non-current liabilities E.18 4.31 10.545 9.792 15.000 0 11.42 6.348) 908 (105.Short term Secured loans 2.422 20.436 281.89 0.723 11.50 6.Other current liabilities D. E) 10.587 0 (104.Other input cost 3.89 12.477 1.231 169.Dividend cover ratio [(F7-F8) to F9] 12.83 0.712 3.08 .20 6.Cash flows from operations - - - - 1.793 107.282 8.05 1.Current ratio (B to C) 6.681 3.217 325.Acid test or quick ratio[(B1+B3+B4) to C] 2.Earning per share after tax (Rs.17 1.Salaries.231 6.587 0 104.34 89.43 11.139 17.013 202.587 30.961 56.715 191.182 37.537 0 216.352 0 29.27 1./share) [(F7-F8)/No.554 45.35 1.493 16.150 191.011 2.155) F.Tax provision (current year) 9.389 350.Revenue Reserve 3.12 -0.22 3.878 155.910 0 6.06 -4.97 1.324 155.58 0. Subscribed & Paid up capital i).690 0 0 (6.238 3./share) (E/No.Total amount of dividend 10.878 - - - - 0 0 0 0 - - - - 7.496 7.587 47.Operation: 1.481 16.014 5.332 325.477 68.142 1.40 92.250 87.

16 1.453 1.Return of equity (F7 as % of avg.920 448.080 15.000 19. of Ord.498) 492.Export Sales (Net) 2.409 102.Net profit before tax 8.353 1.220 387.Issued.35 5.Capital work in progress 2.980 1.614 0 81.35 7.05 87.000 152. G1) 11.889 0 0 777.06 15.Intangible assets 6.783 1.01 2.Cash & bank balance 2.91 2.829 0 192.Return on capital employed ( F7 as % of avg.498 528.588 1.00 1.182.620 728.711 0 999.000 80.Short term investments 5.067 350.77 1.238.86 20.80 0.162.01 1.Operation: 1.27 1.920 394.812 80.76 14.572 4.56 61.19 6.21 10.Cost of goods sold to sales (F2 as % of F1) 7.Operating fixed assets at cost 3.Assets turnover ratio [F1 to (A+B)] 5.407 601.168 1.634 198.312 20.487 0 80.879 111.141 50.Other non-current liabilities E.213 142.357 105.366 10.47 0. administrative and other expenses i).Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.704 F.Revenue Reserve 3.718 100.000 152.753 20.787 0 48.Selling & distribution expenses ii).12 1.000 160.768 65.966 15.99 12.57 1.79 1.366 10.16 1.79 1.13 16.489 102.715 521.377 45.289 424.61 0.Other non-current assets B.563 899.Other current liabilities D.711 924.Dividend cover ratio [(F7-F8) to F9] 12.000 122.26 0.867 102.354 372.39 4.Gross Profit 4.194 105.(A+B)] 9.30 7.298 589.136 245.365 314.60 4.002 - - - - 785.000 559.590 65.864 102. Items A.Earning per share after tax (Rs.Preference shares 2.846 3.702 6.353 1.292 0 - - - - 118.540 786.16 3.79 6.39 3.815 - - - - 0 75.990 525.990 661.112 101.354 372.32 15.552 372.68 -0./share) (E/No.94 30.414 521.Contractual Liabilities (G2+C1) H.217 114.222 9.741 7.37 9.141 591.Retention in business (F7-F8-F9) 4.787 102.000 3.000 0 0 0 0 0 0 0 0 - - - - 100.84 13.342 12.407 882.340 312.Return on assets [F7 as % of avg.Capital Reserve ii).154.06 88.895 971.292 0 75.Short term Secured loans 2.Reserves i).787 102.Current ratio (B to C) 6.02 76.246 520.358.924 20.00 5.Cost of sales i).68 15.814 224.453 7.61 0.624 75.Salaries.33 5.54 9.029 8.876 239.517 0 16.715 29.26 0.Net profit margin (F7 as % of F1) 15.514.39 4.Administrative and other expenses 5.982 159.210 16.052 955.71 1.438 0 (29.182. shares) 119 - - - - 7.867 - - - - 102.89 0.796 1.990 833.289 1.72 4.00 2.Long term investments 7.71 9.Current Liabilities (C1+C2) 1.05 2.868 495.Inventory Turnover Ratio (F1 to B2) 13.Depreciation for the year 5.675 394.Financial Statement Analysis of Non Financial Sector 2010 Reliance Cotton Spinning Mills Ltd.823 162.340 470.17 6.920 448.788 112.65 0.05 22.341.990 0 1.047 11.445 559.552 372.437 464.920 0 291. wages and employee benefits 6.340 495.Total capital employed (E+D) 2.702 46.809 102.365 594.68 3.920 0 289.575 554.41 2.13 0.000 80.Debt equity ratio [(C+D) to E] 8.13 1.213 495.575 501.747 0 134.636 24.Employees benefit obligations 5.60 2.984 908.362 534.141 495.990 0 0 0 0 - - - - 0 117.58 3.432 181.784 0 39.34 1.469 1.634 198.364 80.06 88.Other input cost 3.292 0 75.910 924.13 17.Financial expenses as % of sales (F6 as % of F1) 3.753 20.14 77.029 7.09 1.61 5.74 0.972 0 38.544.Total value of bonus shares issued 11.753.823 29.35 12.182 9.12 14.584 0 114.889 0 683. shares] 17.489 0 532.306 65.868 49.498 525./share) [(F7-F8)/No.920 102.Operating cash flow to debt ratio [F11 to (C+D)] 16.920 0 345.Inventories 3.293 164.Cash flows from operations - - - - 11.03 14.210 16.Trade Debt as % of sales (B3 as % of F1) 4.501 158.865 0 36. E) 10.573 629.383 1.796 424.812 0.360 0 53.Break-up value shares (Rs.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 464.115 314.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Total amount of dividend 10.600 690.Tax provision (current year) 9.659 173.Miscellaneous 1.516 114.35 7.792 948.82 7.814 0 38.000 123.972 0 59.665 765.Trade Debt 4.383 - - - - 100.03 1.783 1.Other current assets C.51 8.58 38.406 13.772 205.920 0 345.48 1.597 102.Ordinary Shares ii).63 10.561 18.920 0 532.45 - - - - 29.338 150.Local sales (Net) ii).27 1.72 43.008 903.043.06 38.920 0 683.095.141 50.920 786.501 - - - - 59.22 5.Long term secured loans 2.604 15.306 G.620 84.Debentures/TFCs 4.293 520.Acid test or quick ratio[(B1+B3+B4) to C] 2.501 20.232. of Ord.491 240.879 15.449 710.364 80.291 677.990 528.89 5.General.584 3.43 27.784 102.Cost of material ii).095.141 596.Operating fixed assets after deducting accumulated depreciation 4.385 1.800 26.Key Performance Indicators 1.787 0 48.920 635.409 392.601 10.72 4.83 28.Total fixed liabilities (D1+D3) 3.517 102.000 77.Sales i).61 .231 314.136 245.00 5.87 14.08 79.984 143.501 1.Shareholders Equity (E1+E2+E3) 1.298 160.604 303.71 2.Financial expenses of which: (i) Interest expenses 7.Non-Current Assets (A1+A3+A5+A6+A7) 1. Subscribed & Paid up capital i).563 841.363 710.373 53.107 109.924 158.Current Assets (B1+B2+B3+B4+B5) 1.Long term unsecured loans 3.07 90.341.87 14.923 306.27 0.00 5.72 43.

Administrative and other expenses 5.261.905 92.313.093 88.261 - - - - 2.110 1.644 229.925 1.40 2.14 -9.99 1.53 -2.754 1.725 1.484 1.580 1.94 .015 4.Total value of bonus shares issued 11.79 4.87 - - - - 5.30 0.836.077.660 12.59 3.665. E) 10.034 919 - - - - 804 0 689 0 1.Operating fixed assets at cost 3.326.38 0.27 6.Contractual Liabilities (G2+C1) H.Cost of sales i).955.91 4.566 97.091 1.488 878.957 792. G1) 11.17 6.186.72 7. wages and employee benefits 6.Return on capital employed ( F7 as % of avg.150.541 41.407 232.531 0 0 1.80 25.572 41.404 106.191 2.Return of equity (F7 as % of avg.27 18.Inventory Turnover Ratio (F1 to B2) 13.85 0.Net profit margin (F7 as % of F1) 15.12 0.(A+B)] 9.483 1.Break-up value shares (Rs.95 -4.026.Dividend cover ratio [(F7-F8) to F9] 12.778.322.688 8.64 0.109 0 460.794 75.489.534 5.141 0 557.020.423 308.153.115 573.25 28.Current ratio (B to C) 6.Assets turnover ratio [F1 to (A+B)] 5.447 0 0 (80.271 2.196 2.699 4.000 569.336.822 - - - - 257.726.923 1.84 0.103 246.367.61 0.917 179.330.377 235.Intangible assets 6.699 - - - - 111.Operating fixed assets after deducting accumulated depreciation 4.109 768.776 70.655 308.061 2.818.849 0 (107.591 867.148 2.808.Capital Reserve ii).182 1.483 1.336.998 1.62 -4.537 276.94 0.002 315.Retention in business (F7-F8-F9) 4.036.220 3.83 82.General.Cash & bank balance 2.583 308.392 2.540 746.932.962 17.158 199.986 1.50 2.423.036.69 4.980 415.341.Shareholders Equity (E1+E2+E3) 1.456 174.00 89.333 573.222) 2.576.272.647 1.229 1.038 106.Key Performance Indicators 0.806.995 6.962 406.25 -10.841 1.642.356.48 24.924 338.616 1.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.54 0.647 2.70 86.81 2.Financial expenses as % of sales (F6 as % of F1) 3.Tax provision (current year) 9.610.918 323.058 83.Ordinary Shares ii).11 30.Long term unsecured loans 3.607 2.040 204.936 316.Capital work in progress 2.632 42.333.288 215.712 645.249 0 31.594 3.554 0 126.398 157.862.000 0 - - - - 983.531 1.728.Total capital employed (E+D) 2.49 9.817.Export Sales (Net) 2.298.365 15.395 3.261.23 -19.16 0.00 4.00 -3.667 2.86 0.Long term investments 7.298.726 0 756.271 452.04 28.014 3.523 302.488 0 510.Debt equity ratio [(C+D) to E] 8.83 4.044 2.980 (206.761 1.Operating cash flow to debt ratio [F11 to (C+D)] 16.707 772.302 523.206 1.Gross Profit 4.043.915 73.915 3.Salaries.438 308.769 145.703 2.98 - - - - 4.170 1.889 2.087 2.226 1.807.375 2.539 66.785 1.Employees benefit obligations 5.343.193.Trade Debt 4.509.314 32.905 - - - - 645.928.00 4.96 1.52 2.408 225.074 787.871 0 61.500 20.986 2.054.179 416.290.Short term Secured loans 2.961 672.Miscellaneous 1.Depreciation for the year 5.18 14.311.Total fixed liabilities (D1+D3) 3.807 308.101 2.Financial expenses of which: (i) Interest expenses 7.Other non-current assets B. Items A.314 - - - - 308.131 1.343 415.488 0 590.05 0.Other current assets C.227 2.184 523.353.Net profit before tax 8.670 1.427 1.Revenue Reserve 3.Cost of goods sold to sales (F2 as % of F1) 7.163.488 837.680 F.109 0 283.455 1.Cost of material ii).771 3.257) 2.857 80. of Ord.84 87.145 334. of Ord.842) 26. shares) 120 0.Long term secured loans 2.64 1.060 2.297 422.480 3.Financial Statement Analysis of Non Financial Sector 2010 Reliance Weaving Mills Ltd.622 47.984.33 7.109 1.613.109 246.109 0 729.39 37.038 346.61 3.00 1.041 686.29 0.003.193 308.708 46.15 10.297 97./share) [(F7-F8)/No.02 48.59 3.611.Return on assets [F7 as % of avg.02 0.346 452.00 5.766 10.57 0.36 -2.Operation: 1.749 1.483 277.17 14.664 70.Non-Current Assets (A1+A3+A5+A6+A7) 1.054 G.081 143.400.449 11.233 1.544 148.964 2.39 0.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.11 15.87 11.918 1.57 1.333 516.Other input cost 3.Inventories 3.963.376.Sales i).00 4.103.418.018 17.Issued.Current Liabilities (C1+C2) 1.773.97 0.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 2.Short term investments 5.382.275 41.916 308.591 246.002 145.320 449./share) (E/No.206 784.90 1.381 368.880.827 0 356.819.448 1.109 0 570.Reserves i).04 7.483 937.681 285.070.Other non-current liabilities E.000 0 37.82 1.320.Cash flows from operations - - - - 73.Current Assets (B1+B2+B3+B4+B5) 1.40 5.360.857 4.108 962.808.695 15. shares] 17.13 4.388 122.12 33.Trade Debt as % of sales (B3 as % of F1) 4.672 18.58 0.34 - - - - 93.938 0 13.229 188.179 42.Total amount of dividend 10.337.510 2.167 2.Selling & distribution expenses ii).64 5.48 9.Earning per share after tax (Rs.81 -5.405 0 496.93 2.Debentures/TFCs 4.233 36.Acid test or quick ratio[(B1+B3+B4) to C] 2.10 -6.610.69 33.666.857 0 0 0 137.093 1.063 1.447 1.963.545 (174.709.289 1.387) 31.398 1.608 2.Other current liabilities D.426 9.83 91.681 365.624 646.324 112.40 1.587 198.124. administrative and other expenses i).183.07 0.18 7.669.07 9.782.Preference shares 2.071 246.04 2.573 645.716 0.22 4.426 269.630 2.109 1.415 0 0 - - - - 267.070 465.17 6.816.975 3.79 84.575 35.114 937.081 242.48 4.586 87.758 3. Subscribed & Paid up capital i).206 478.855 455.673 764.Local sales (Net) ii).782.835 0 0 321.

115 1.055 0 19.341 G.17 -3.85 92.Debentures/TFCs 4.Dividend cover ratio [(F7-F8) to F9] 12.778 23.449 0 0 (6.583 123.840 824.947 1. shares] 17.630 52.80 81.373 300.82 18.74 1.Net profit before tax 8. Items A.955) 663.Salaries.229 0 924.39 10.Other input cost 3.Intangible assets 6.09 0.270 15.076.912 169.051 769.805 185.00 0.15 0.999 50.142 17.Other non-current assets B.Financial expenses of which: (i) Interest expenses 7.09 6.Long term secured loans 2.178 0 214.61 0.551 245.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.264 245.76 96.419.Return of equity (F7 as % of avg.004 432.13 1.16 2.184 2.92 -13.16 0.504 25.73 0.232.000 245. Subscribed & Paid up capital i).62 -1.65 1.101 302.02 2.959 1.Miscellaneous 1.219 0 0 (31.811.873 882.086.69 10.230 (13.847 15.262 1.160.148 0 37.999 0 0 0 0 - - - - 0 0 0 0 240.54 -1.07 7.466 769.Current Assets (B1+B2+B3+B4+B5) 1.Long term unsecured loans 3.968 852.821 0 110.Earning per share after tax (Rs.058 5.05 5.Gross Profit 4.745 236.Capital Reserve ii).477 821.00 -0.38 17.652 188.44 -0.12 3. E) 10.068 - - - - 360.38 8.52 0.673 373.156 752.000 643. of Ord.93 0.05 -0.613 79.321 21.Cost of goods sold to sales (F2 as % of F1) 7.Current ratio (B to C) 6.134.Current Liabilities (C1+C2) 1.Sales i).651 36.438 209.89 12.702 45.Other current assets C.50 -0.Other current liabilities D.000 0 35.Net profit margin (F7 as % of F1) 15.178 0 174.816 48.Break-up value shares (Rs.347 152.03 1.422 173.970 360.Return on assets [F7 as % of avg.450 420.038 0 86.Retention in business (F7-F8-F9) 4.278 - - - - 355.General.98 -7.Total fixed liabilities (D1+D3) 3.505 262.000 0 321.812 - - - - 790.49 54.99 -7.730 300.969 355.89 - - - - 15.50 1.302.50 0.737) 218 0 0 (43.96 -4.366) 6.000 0 110.Trade Debt 4.Inventory Turnover Ratio (F1 to B2) 13.Debt equity ratio [(C+D) to E] 8.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.630 15.807 0 (60.31 0.204.682 348.Other non-current liabilities E.730 360.176 11.178 419.971 23.989) 756.996 187.000 0 (69.759 8.057 1.651 97.682 699.652 432.767 0 52.782 97.Acid test or quick ratio[(B1+B3+B4) to C] 2.11 0.865 226.508 65.67 1. shares) 121 - - - - - 3.086 245.727 977.186 28.791 279.65 0.820 110.973 - - - - 59.265.791 F.Operating cash flow to debt ratio [F11 to (C+D)] 16.18 0.862 759.Long term investments 7.Cash flows from operations - - - - 23.04 2.542.771 0 1.Capital work in progress 2.00 -1.97 .21 0.520.537 332.571 136.776 9.12 30.Preference shares 2.893 288.04 5.Assets turnover ratio [F1 to (A+B)] 5.Cost of material ii).099.53 1.177 80.150 640./share) [(F7-F8)/No. of Ord.593 17.000 0 82.655 685.135 1.873 15.021 29. G1) 11.697 296.379 187.914) 152.030 270.704 827.229 977.87 0.950 0 46.22 1.962 3.Contractual Liabilities (G2+C1) H.297.772 379.840 66.371 0 20.000 380.40 2.104) 360.Ordinary Shares ii).536) 185.281 286.910 910.Financial Statement Analysis of Non Financial Sector 2010 Resham Textile Industries Ltd.282 - - - - 21.739 4.741 55.618 253.166 110.010 19.862 420.190 8.19 7.69 6.Cost of sales i).228 72.Shareholders Equity (E1+E2+E3) 1.990 21.35 4.951 5.238 0.315 17.068 360.Short term Secured loans 2.Operating fixed assets at cost 3.11 1.Revenue Reserve 3.293 1.73 -0.896 3.76 -4.99 22.882 (13.104) 0 (69.089.248 268.Administrative and other expenses 5.445 1.04 6.157.444 909.72 -2.84 97.906 882.(A+B)] 9.10 -1.095 775.714 171.Non-Current Assets (A1+A3+A5+A6+A7) 1.659 249.88 -0.791 94.655 354.Export Sales (Net) 2.Total capital employed (E+D) 2.322 9.552) 253.315 36.89 -0.065 207.174 7.69 2.485 432.323 1.50 7.821 89./share) (E/No.Operation: 1.11 -2.42 0.Short term investments 5.866 186.819 1.75 5.345 0 0 (54.739 112.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 752.318 360.78 94.141 1.Return on capital employed ( F7 as % of avg.Financial expenses as % of sales (F6 as % of F1) 3.35 0.314 3.Total value of bonus shares issued 11.27 1.15 1.289 378. wages and employee benefits 6.963 279.Employees benefit obligations 5.Trade Debt as % of sales (B3 as % of F1) 4.264 349.714 1.56 - - - - 3.463 0 (11.216 580.631 962.324 95.642 0 50.59 0.382 0 (37.906 69.603 11.623 27.282 1.Operating fixed assets after deducting accumulated depreciation 4.812 43.Inventories 3.847 46.25 12.Cash & bank balance 2.062 155.65 1.455 2.794 4.432 112.00 -1.051 50.095 898.02 90.462.Total amount of dividend 10.912 302.422 229.882 268.248 273.704 341.525 379.333) 5.34 0.78 -4.120 1.94 3.186 775.Selling & distribution expenses ii).75 5.683 355.794 459.022 38. administrative and other expenses i).548 0 0 - - - - 91.178 382.Issued.454 98.Key Performance Indicators 1.76 1.965 277.256 720 2.000 395.673 1.191) 6.Tax provision (current year) 9.46 5.422 0 0 0 0 0 0 0 0 - - - - 296.Local sales (Net) ii).836 308.19 0.47 17.Depreciation for the year 5.Reserves i).

852 G.53 0.07 3.581 0 182.98 - - - - 12.Ordinary Shares ii).10 2.855 1.806 52.411 613.39 9.61 0.18 0.639 23.179 155.503 32.04 5.000 361.Cost of material ii).440) 4.91 2.478 0 30.240 (262.Current Liabilities (C1+C2) 1.355 17.52 2.000 98.21 -2.508 31.108 69.655) 5.392 196.067.148.245 0 (1.439 98.91 1.807 28.Selling & distribution expenses ii).982 279.847 50.000 625.393 16.291 176.47 2.143 25.29 3.811 584.27 0.855 128.302 7.000 0 233.Acid test or quick ratio[(B1+B3+B4) to C] 2.11 18.49 97.392 196.866 - - - - 6.87 0.51 0.494 2.398 343.Current Assets (B1+B2+B3+B4+B5) 1.587 392.843 1.220 0 - - - - 37.Financial expenses as % of sales (F6 as % of F1) 3.052 198.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.28 6.290 988.240 (284.68 13.Current ratio (B to C) 6.554 0 0 (18.348 1.461 980.572 870.125 0 0 0 0 169.975 22.Employees benefit obligations 5.198 26.539 326.198 23.Net profit before tax 8.Administrative and other expenses 5.00 -3.293 181.698 91.176.Capital work in progress 2.262 97.721 17.Return of equity (F7 as % of avg.Trade Debt 4.Total amount of dividend 10.100 (106.Assets turnover ratio [F1 to (A+B)] 5.44 3.374) 225.574 26.751 158.99 -3.Non-Current Assets (A1+A3+A5+A6+A7) 1.866 856.455 104.900 0 (16.343) F.(A+B)] 9.518 326.Capital Reserve ii).Salaries.407 47.788 78.Other current assets C.901 251.Local sales (Net) ii).45 -4.00 -1.74 13.91 95.040 392.098.831 15.98 0.98 0.728 3.52 -5.169.000 525.83 -0.59 -10. shares) 122 - - - - - 4.999 30.35 0.416 1.022) 412.Revenue Reserve 3.645 601.752 603.24 -13.Intangible assets 6.02 0.107 414.974 366.148.37 38./share) (E/No.994 16.65 - - - - 1.379.233.982 351.029.355 (107.246 2.284 17.Long term secured loans 2.Export Sales (Net) 2.442 200.Retention in business (F7-F8-F9) 4.Total capital employed (E+D) 2.83 4.39 3. shares] 17.Sales i).Other non-current liabilities E.411 37.14 0./share) [(F7-F8)/No.496 4.322) 3.Long term unsecured loans 3.518 407.76 0.807 51.329 1.Reserves i).Financial Statement Analysis of Non Financial Sector 2010 Ruby Textile Mills Ltd.Financial expenses of which: (i) Interest expenses 7.969 402.646 392.733 43.806 158.73 0. of Ord.649 392.232.Earning per share after tax (Rs.201 - - - - 810.33 0.480 1.843 45.275 251.030 22.607 628.Key Performance Indicators 1.829 430.560 146.567 0.358 22.585) 629. G1) 11.Tax provision (current year) 9.685 23.975 424.29 0.669 1.111.99 22.Inventory Turnover Ratio (F1 to B2) 13.842 328.Cost of sales i).354 0 86.945 1.702 7.96 .767 1.215 223.75 4.102 - - - - 29.89 2.587 - - - - 392.19 1.133 3.70 0.94 -3.439 196.874 7.602 800.018 15.687 34.381 0 136.Cost of goods sold to sales (F2 as % of F1) 7.02 2.558 574.752 905. E) 10.08 0. administrative and other expenses i).Operating cash flow to debt ratio [F11 to (C+D)] 16.719 93.081.Contractual Liabilities (G2+C1) H.599 15.461 151.991) 594 0 0 (93.612 1.163 61.73 0.350 1.060 899.779 642.503 1.794 476.51 94.041) 3.Preference shares 2.059.877 279.Net profit margin (F7 as % of F1) 15. of Ord.000 535.09 6.811 688.395 603.582 131.36 1. Subscribed & Paid up capital i).Gross Profit 4.Debt equity ratio [(C+D) to E] 8.Issued.05 96.Break-up value shares (Rs.221 214. Items A.Debentures/TFCs 4.00 0.060) 251.689 1.41 4.97 0.562) 392.000 0 (259.396 102.41 -3.Operating fixed assets at cost 3.89 1.213 78.064 56.69 0.Total value of bonus shares issued 11.56 5.48 15.046 146.158) 3.72 0.35 0.Total fixed liabilities (D1+D3) 3.169.924) 176.801 891.958 28.49 -0.000 0 276.58 1.079 896.30 89.619 214.631 0 (60.562 225.60 95.412 253.000 0 165.Cash flows from operations - - - - 15.79 -10.442 0 (58.593 4.355 424.07 0.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 574.72 -6.000 445.98 -1.Operation: 1.Other input cost 3.Dividend cover ratio [(F7-F8) to F9] 12.247.67 -6.83 1.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.00 -0.066 1.419 359.Trade Debt as % of sales (B3 as % of F1) 4.103 33.612 0 1.278 13.16 1.General.534 954 2.Inventories 3.999 988.05 12.Short term investments 5.538 830.Short term Secured loans 2.Operating fixed assets after deducting accumulated depreciation 4. wages and employee benefits 6.49 -0.889 66.080 508.398 1.935 - - - - 414.127.544 15.247) 128.000 0 249.633 0 0 0 0 - - - - 0 0 0 0 166.194 1.775 331.713 21.Return on capital employed ( F7 as % of avg.06 7.998 643.Return on assets [F7 as % of avg.910 0 (19.806 128.484 0 0 (52.Cash & bank balance 2.252 0 129.23 0.177.Shareholders Equity (E1+E2+E3) 1.04 -12.216 0 0 (56.Other current liabilities D.697 359.395 278.125 26.358 30.Depreciation for the year 5.024 1.649 196.Long term investments 7.18 -18.80 -7.041 478.465 34.10 -2.16 0.23 2.754 39.487 374.748 638.66 1.Miscellaneous 1.720 103.119 0 124.473 284.281) 414.094 617.751 741.520 212.438 0 117.109 551.Other non-current assets B.639 628.000 0 (281.405 0 0 - - - - 66.99 -8.

05 8.540 329 45.09 0.680 - - - - 52.01 87.464 102.885 17.204 5.05 1.24 5.922 0 69.350) 37.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.117 54. of Ord.Inventories 3.91 14.331 125.637) 40.833 410 296 4.00 0.24 0.Short term Secured loans 2.37 25.(A+B)] 9.74 2.330 4.903 2.Other input cost 3.Acid test or quick ratio[(B1+B3+B4) to C] 2.Preference shares 2.666 0 265.00 1.Cash & bank balance 2.Capital work in progress 2.830 44.578 1.737 52.020 470.Other current assets C.80 5.000 0 11.21 0.113 7.Local sales (Net) ii).08 2.06 9.23 1. of Ord. G1) 11.331 51.General.67 0.699 0 3.896 58.045 41.33 0.666 223.99 0.279 350.786 0 42.88 89.992 293.050 0 (3.10 0.762 41.084 0 9.Return on assets [F7 as % of avg. shares) 123 0.Operating fixed assets after deducting accumulated depreciation 4.Long term secured loans 2.518 82.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.411 0.088 0 0 11.Other current liabilities D.69 2.64 3.Total amount of dividend 10.422 0 367.060 0 143.Net profit before tax 8. Subscribed & Paid up capital i).432 5.245 44.42 4.374 - - - - 5.09 1.27 0.00 3. wages and employee benefits 6.88 12.065 4.Contractual Liabilities (G2+C1) H.617 0 44.762 0 31.928 0 68.610 7.447 3./share) [(F7-F8)/No.Return of equity (F7 as % of avg.604 7.699 40.000 0 (2.051 4.336 - - - - 24.29 1.01 1.502 5.Key Performance Indicators 1.056 0 126./share) (E/No.224 0 41.050 40.482 29.182 0 427 54.000 40.451 0 40.13 4.Short term investments 5.Cost of sales i).827 0 58.287 1.526 0 3.Reserves i).074 36.000 0 (16.Issued.Depreciation for the year 5.05 .645 52.79 8.Non-Current Assets (A1+A3+A5+A6+A7) 1.Assets turnover ratio [F1 to (A+B)] 5.24 1.26 1.699 40.862 25.121 88.904 2.000 0 8.44 3.Debentures/TFCs 4.390 29.650) 102.61 2.82 0.243 2.99 86.51 - - - - 1.061 5.Trade Debt as % of sales (B3 as % of F1) 4.699 0 11.141 210.555 54.762 0 31.11 2.91 0.85 2.411 26.48 26.543 82.Total capital employed (E+D) 2.731 25.000 0 14.052 0 - - - - 0 0 0 0 0 0 0 0 0 0 - - - - 0 1.53 3.07 0.71 11.Financial expenses as % of sales (F6 as % of F1) 3.74 15.093 418.700 12.11 12.271 101.82 15.43 1.Employees benefit obligations 5.016 39.Operation: 1.34 2.658 0 0 3.Inventory Turnover Ratio (F1 to B2) 13.05 86.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 36.362 27.Net profit margin (F7 as % of F1) 15.31 12.660 60.98 0.182 40. shares] 17.35 7.354 0 0 5.81 1.996 0 83.Current Liabilities (C1+C2) 1.582 1.Selling & distribution expenses ii).363 0 4.917 86.Miscellaneous 1.Earning per share after tax (Rs.641 7.069 4.906 0 10.50 2.325 0 7.497 51.Tax provision (current year) 9.Total value of bonus shares issued 11.628 264.177 0 11.Financial expenses of which: (i) Interest expenses 7.Administrative and other expenses 5.374 395.Shareholders Equity (E1+E2+E3) 1.943 3.080 31.349 14.515 0 280 223 178 - - - - 143 0 114 0 28.555 142.59 13.Salaries.Export Sales (Net) 2.755 40.Current Assets (B1+B2+B3+B4+B5) 1.000 49.81 7.390 39.61 13.30 0.88 -0.48 0.Other non-current assets B.Operating fixed assets at cost 3.050 0 14.33 13.85 1.Dividend cover ratio [(F7-F8) to F9] 12.485 43.Retention in business (F7-F8-F9) 4.000 0 9.Trade Debt 4.290 48.00 2.Intangible assets 6.906 73.793 60.Sales i).Long term unsecured loans 3.44 1.929 0 0 (30.422 328. administrative and other expenses i).243 50.70 0.Ordinary Shares ii).000 0 510 40.72 2.93 2.045 1.699 3.00 1.45 13.148 0 50.Cash flows from operations - - - - 17.862 41.48 -0.03 - - - - - 12.566 5.36 2.529 0 8.48 0.58 14.78 13.Current ratio (B to C) 6.76 2.128 61.010 17.469 227.Long term investments 7.507 G.12 0.290 100.820 61.665 8.73 4.39 7.970 8.Break-up value shares (Rs.Cost of material ii).01 88.000 40.218 31.006 82.Revenue Reserve 3.72 10.23 0.365 23.476 52.570 3.Return on capital employed ( F7 as % of avg.236 2.463 22.755 40.935 367.824 50.253 5.00 0.363 40.701 6.479 156.516 0 91 - - - - 27.92 - - - - 3.182 - - - - 40.744 196.69 11.522 23.509) F.377 23.79 10.Financial Statement Analysis of Non Financial Sector 2010 Safa Textiles Ltd.732 153.243 219.063 131.180 45.508 265.02 0.000 48. Items A.17 1.Capital Reserve ii).608 477.086 29.050 0 0 180.365 31.Other non-current liabilities E.492 26.016 329 0 0 0 0 0 37.074 0 90. E) 10.479 0 180.Cost of goods sold to sales (F2 as % of F1) 7.Operating cash flow to debt ratio [F11 to (C+D)] 16.289 19.Gross Profit 4.98 84.Total fixed liabilities (D1+D3) 3.510 40.000 51.028 35.Debt equity ratio [(C+D) to E] 8.000 54.979 51.485 0 84.996 1.

73 0.330 1.156.048.100 259.385 1.051.923 0 0 (220.286.24 1.957 82.706 1.089 788.014 0 4.90 2.084.195.565 13.00 1.149.Return of equity (F7 as % of avg.335.83 84.688 210.490 0 20.129 0 53./share) (E/No.867.Long term unsecured loans 3.599 732.Dividend cover ratio [(F7-F8) to F9] 12. E) 10.264 157.416 3.13 1.302.097 1.52 2.185 0 (79.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.902 15.29 4.854.679 2.382 264.328 1.00 -3.214 2.601 2.58 6.416 2.92 0.97 0.100 0 - - - - 1.91 0.264 1.92 5.495 2.723.908) 1.Other non-current assets B.129 189.704.84 19.Other non-current liabilities E.536 189.500 260.96 2.549 4.705 3.656 1.597 883.Revenue Reserve 3.178 105.827 532 44.154 18.203 685.12 -0.465 1.Current Liabilities (C1+C2) 1.813.93 0.896 2.612 1.010 775.Short term Secured loans 2.00 0.639 211.Other input cost 3.98 0.496.428.68 0.866 1.Total amount of dividend 10.10 -26./share) [(F7-F8)/No.180 12.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 1.Cost of material ii).489.784.739 1.206 933.616.583 382.480.86 36. wages and employee benefits 6.Employees benefit obligations 5.56 -2.Preference shares 2.888 1.87 -7.00 -1.768 - - - - 189.646 24.459 2.017 710.23 2.689 805.319 3.913 0 52.125.129 974.178 3.Cost of sales i).478.Current ratio (B to C) 6.Total value of bonus shares issued 11.129 0 515.10 -2.129 981.018.185 0 (21.Contractual Liabilities (G2+C1) H.Debt equity ratio [(C+D) to E] 8.Sales i).292 2.228 389.409) 22.Reserves i).Short term investments 5.127.Break-up value shares (Rs.Total capital employed (E+D) 2.465.014.115 676.277.Financial expenses as % of sales (F6 as % of F1) 3.General.214.05 3.642 372.27 -1.059 0 0 363.350 24.92 3.85 47.79 1.454 2.Intangible assets 6.998 G.016 0.037 2.Return on assets [F7 as % of avg.Other current assets C.Acid test or quick ratio[(B1+B3+B4) to C] 2.Retention in business (F7-F8-F9) 4.931.797.746 317.441 111.83 -34.883.23 37.Net profit before tax 8.54 38.441 156.04 -18.056 346.892 3.Debentures/TFCs 4.285 2.99 1.70 0.773 883.551 300.Depreciation for the year 5.35 6.516.354 209.688 440.01 -16.120.793.080 1.86 0.Issued.452 3.466 215.782 1.840 30. of Ord.923 2.209 124.Financial expenses of which: (i) Interest expenses 7.Tax provision (current year) 9.129 0 749.897) 264.228 156.110.03 0.448.727.820 3.167.49 18.104 797.018.129 1.528 386.Operating fixed assets after deducting accumulated depreciation 4.765 740.857) 1.612 2.220 1.264 189.686.918 182.129 499.685.206 7.Cost of goods sold to sales (F2 as % of F1) 7.Total fixed liabilities (D1+D3) 3.479 1.563 3.191 12.621 347.28 5.441 338.25 6.496.223.118 113.86 90.101 2.111.51 0. administrative and other expenses i).271 2.84 0.616.300 14.902 314.954 1.718 1.154 4.033.946 2.Administrative and other expenses 5.600 0 427.170.611.077 1.Capital work in progress 2.357.015 150.Operating cash flow to debt ratio [F11 to (C+D)] 16.914 0 210.29 19.645 346.302.44 -1.019.Financial Statement Analysis of Non Financial Sector 2010 Saif Textile Mills Ltd.858.031 2.343.479 171.798 3.83 97.442 1.87 4.070.084 955.538 2.569 (699.889.106 264.092.498) F.Cash flows from operations - - - - 69.031 4.178 3.Shareholders Equity (E1+E2+E3) 1.205 3.513 10.68 -93.780 606 704.94 91.21 0.Cash & bank balance 2.Selling & distribution expenses ii).435.67 -0.726 1.55 0.01 7.899 115.276 (691.282 229.854 69.790 110.515 2.189 3.000.669 911.879.261.032 0 1.47 3. shares) 124 0.03 2.Ordinary Shares ii).571.15 5.Inventory Turnover Ratio (F1 to B2) 13.375 166. Items A.Inventories 3.90 89.036 1.Operating fixed assets at cost 3.63 - - - 4.39 1.397 14.89 .696 228.99 -4.642 34.569 805.423.588) 2.05 0.129 577.19 3.022 0 0 0 0 405.022 81.36 19.00 1.29 4.094 1.167.85 - - - - 1.69 7.170.442 354.57 0.422 - - - - 2.597 956.019 132.560.368. of Ord.59 16.Operation: 1.Salaries.536 117.41 -1.101 21.(A+B)] 9.981 (62.122.762) 18.385 2.385 1.363.796 1.39 -1.357.129 0 712.845.173 1.097.20 - - - - 94.923.596 4.400 1.621 981.129 0 710.07 21.583 103.Miscellaneous 1.129 901.529) 8.859 1. Subscribed & Paid up capital i).18 2.Net profit margin (F7 as % of F1) 15.563 - - - - 37.977 264.703 0 (54.516 89.373 17.564 1.024 0 (101.Non-Current Assets (A1+A3+A5+A6+A7) 1.40 9.407 264. shares] 17.Assets turnover ratio [F1 to (A+B)] 5.225 1.26 15.Gross Profit 4.Export Sales (Net) 2. G1) 11.Capital Reserve ii).642.Current Assets (B1+B2+B3+B4+B5) 1.084 115.307 238.981 25.02 1.267 2.728 2.153 2.98 1.508 - - - - 1.070.Earning per share after tax (Rs.349 189.473.Long term investments 7.194.393 189.779.084 3.824.43 2.09 11.783 1.961 14.181 264.86 90.994 168.478.08 0.070 3.124 215.130 82.79 3.264 1.129 0 141.253 - - - - 264.448 0 0 - - - - 277.756 2.149 3.22 -0.437 210.46 3.378.026 3.056 113.086.Other current liabilities D.Long term secured loans 2.069 2.692 264.77 0.Trade Debt 4.200.04 7.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Trade Debt as % of sales (B3 as % of F1) 4.652 1.082.Return on capital employed ( F7 as % of avg.34 1.Key Performance Indicators 0.Local sales (Net) ii).011 157.271 2.713 130.098.954 601.682 713 910 - - - - 535 0 258 0 1.

724) 545 0 7.187) 74.00 2.703) 74.Operating fixed assets at cost 3.03 -0.839 72.00 3.008) 0 0 0 (14. Subscribed & Paid up capital i).00 -0.000 0 (74.000 (212.00 0.02 4.Other non-current assets B.Reserves i).000 0 (286.00 -0.Current Liabilities (C1+C2) 1.Earning per share after tax (Rs.Intangible assets 6.Long term secured loans 2.14 19.000 (187) 74.28 0.00 -0.Cost of goods sold to sales (F2 as % of F1) 7.008) 72.Break-up value shares (Rs.Debt equity ratio [(C+D) to E] 8.990 0 67 180 110 186 110 186 110 186 - - - - - - 0 0 0 0 0 0 - - - - - - 143.Trade Debt 4.187) 74. of Ord.69 0.Financial Statement Analysis of Non Financial Sector 2010 Saitex Spinning Mills Ltd.99 0.Depreciation for the year 5.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Return of equity (F7 as % of avg.06 200.Net profit margin (F7 as % of F1) 15.000 0 74.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.00 0.481) 0 (5.094 1 94 0 1 0 1 0 1 190.58 -175.00 0.14 19.000 (187) 74.610 95.Retention in business (F7-F8-F9) 4.05 0.574 332.669 0 0 0 0 0 0 0 0 0 0 0 0 0 0 - - - - 0 0 0 0 - - 9.18 11.Long term investments 7.84 -1.620 67 0 110 0 110 0 110 0 118.Total amount of dividend 10.Operating cash flow to debt ratio [F11 to (C+D)] 16.Operation: 1.Long term unsecured loans 3.28 0.Acid test or quick ratio[(B1+B3+B4) to C] 2.100.Employees benefit obligations 5.Gross Profit 4.265 143.86 -3. G1) 11.Miscellaneous 1.340) 74.Debentures/TFCs 4.Cost of material ii). of Ord.Total fixed liabilities (D1+D3) 3.31 - - - -0.Current Assets (B1+B2+B3+B4+B5) 1.703) 74.841 7.37 0.Net profit before tax 8.00 -1.03 0.334 0 0 0 0 - - - - - - (5.58 -105.Current ratio (B to C) 6.574 (212.000 0 (74.886 120.94 -1.073) 95.15 2. E) 10.472 0 0 0 0 0 - - - - 268.Total capital employed (E+D) 2.Sales i).00 -0.23 102. shares) - - -1.Contractual Liabilities (G2+C1) H.Short term investments 5.Shareholders Equity (E1+E2+E3) 1.Tax provision (current year) 9.Selling & distribution expenses ii).201 0 224 0 191 0 0 0 0 0 0 0 191 0 191 0 0 0 0 0 0 0 191 0 191 F.Cash flows from operations - - - - 545 7.98 0.00 125 .Revenue Reserve 3.Non-Current Assets (A1+A3+A5+A6+A7) 1.Operating fixed assets after deducting accumulated depreciation 4.222 0 180 186 186 186 (179.23 102.187) - - - - - - 0 0 0 8.Inventory Turnover Ratio (F1 to B2) 13.00 -1. Items A.222 236.00 0.Assets turnover ratio [F1 to (A+B)] 5.000 (187) 74.Dividend cover ratio [(F7-F8) to F9] 12.Salaries.Other input cost 3.000 74.00 -208.03 -0.57 -10.99 0.Return on assets [F7 as % of avg.98 - - - - - - 0.69 0.Trade Debt as % of sales (B3 as % of F1) 4.Capital work in progress 2./share) [(F7-F8)/No.00 0.Preference shares 2.Cost of sales i). wages and employee benefits 6.Other current liabilities D.00 0.073) 0 0 0 (224) 0 0 0 (187) 0 0 0 (191) (191) - - 0 0 0 0 - - - - - - (36.90 -28.340) 74.270 247 109 109 109 141 175 152 108 108 108 947 557 0 0 0 0 0 0 0 0 0 0 5 8.Other current assets C.236 1 120.Financial expenses as % of sales (F6 as % of F1) 3.00 -0.03 0.724 0 0 0 0 0 0 0 0 0 0 0 0 - - - - (8.Return on capital employed ( F7 as % of avg.100.472 7.21 0.000 0 (74.Capital Reserve ii).98 0.00 0.Short term Secured loans 2.Inventories 3.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 144.920 0 0 1 0 1 0 1 144.03 0.000) 74.25 7.Cash & bank balance 2.Issued.Financial expenses of which: (i) Interest expenses 7.340) 0 (14.Total value of bonus shares issued 11.99 - G.620 180 0 (224) 0 (1) 0 (187) 0 (1) 0 (191) 0 (1) 0 (191) 0 0./share) (E/No.Administrative and other expenses 5.000 0 (253.(A+B)] 9.03 -0.Export Sales (Net) 2.Local sales (Net) ii).21 -1.General. shares] 17. administrative and other expenses i).03 0.201 224 191 - - - - - - 5.Key Performance Indicators 1.00 - - - - - - 0.68 -24.36 0.Other non-current liabilities E.000 0 (74.58 -175.Ordinary Shares ii).

829 0 81. of Ord.71 0.483 193.011 386.Sales i).105 0 (16.427) 9 (146.52 1.479 778.21 19.877 23.82 9.371 - - - - 35.060 87.491 212.64 -7.757 605.122 7.98 1.Other current liabilities D.278 69.45 -63.383) 212.10 4.768 1.17 7.318 19.Employees benefit obligations 5.237 188.238 123.286 3.Earning per share after tax (Rs.013 21.678 0 (163.Operating cash flow to debt ratio [F11 to (C+D)] 16.Long term secured loans 2.45 8.28 6.Cash flows from operations - - - - 18.574 174.245 (4.678 204.928 11.591 179.398 0 646 0 0 0 17.422 392.93 0.723 364.434 0 0 0 23.Total amount of dividend 10.General.614 221.240 19.459 212.Other non-current liabilities E.698 26.220) F.000 114.47 92.34 -4.Acid test or quick ratio[(B1+B3+B4) to C] 2.569 789.77 5.301 0 28.33 -7.Long term unsecured loans 3.678 0 (146.350 18./share) [(F7-F8)/No.396 56.673 216.324 (23. Items A.855 243.208 486.008 217.30 1.436) 71.620 23.05 -0.108 728 4.61 68.Total value of bonus shares issued 11.Current ratio (B to C) 6.00 -3.461 757.579 33.187) 212.00 -0.Debt equity ratio [(C+D) to E] 8.Return on capital employed ( F7 as % of avg.Break-up value shares (Rs.Miscellaneous 1.21 0.678 49.05 2.Selling & distribution expenses ii).Salaries. of Ord.266 197.928 23.69 0.898 234.004 0 414.219 436.Short term investments 5.749 75 0 261 12.Operation: 1.097) 125.002 264.566 0 199.Administrative and other expenses 5.196 0 13.40 2.438 21.697 - - - - 565.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.560 29. E) 10.75 1.Inventory Turnover Ratio (F1 to B2) 13.193 138.968 700.728 - - - - 49.Other non-current assets B. administrative and other expenses i).143 0 0.31 0.503 48.137 40.76 0.58 0.Preference shares 2.796 407.Financial Statement Analysis of Non Financial Sector 2010 Sajjad Textile Mills Ltd.506 14 15.Reserves i).Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.678 0 (241.678 212.081 456.05 - - - - - 12.96 0.196 5.Retention in business (F7-F8-F9) 4.944 170.78 9.14 2.043 370.330 642.372) 36.116 0 12.38 - - - - 3.Trade Debt as % of sales (B3 as % of F1) 4.210 0 0 (13.678 43.496 8 16.48 -6.578 0 15.76 0.14 3.886 212.08 3.08 -3.499 (70.736 0 0 (60.745 31.00 0.158 319.54 3.315 114. wages and employee benefits 6.71 10.111 231.30 -1.782 164.Net profit margin (F7 as % of F1) 15.661 138.Cost of sales i).33 1.939 117.88 0.13 3.Total capital employed (E+D) 2.Inventories 3.324 0 23.833 305.Shareholders Equity (E1+E2+E3) 1.49 6.Trade Debt 4.964 10.516 403. Subscribed & Paid up capital i).010 411.08 0.79 -2.000 142.Ordinary Shares ii).56 98.078 G.02 28.749 36.08 101.514 0 0 29.02 -10.59 89.565) 108.438 392.134 17./share) (E/No.507 104.018 212.Return on assets [F7 as % of avg.607 374.49 -23.110 653.472 425.26 0.602 228.Dividend cover ratio [(F7-F8) to F9] 12.(A+B)] 9.83 -34.Non-Current Assets (A1+A3+A5+A6+A7) 1.158 368.Total fixed liabilities (D1+D3) 3.886 0 105.Cash & bank balance 2.647 185.531 - - - - 18.71 1.850) 3.Operating fixed assets after deducting accumulated depreciation 4.Gross Profit 4.00 -0.975 0 0 - - - - 14.825) 179.10 5.472 12.958 425.380) 3 (241.874 0 653.894 28.574 185.Capital Reserve ii).944 225.651 35.369 17.022 32.108 376.324) 13.324 185.Cost of material ii).618 4.Cost of goods sold to sales (F2 as % of F1) 7.531 301.437 0 - - - - 48.660) - - - - 212.34 0.39 -153.767 144.958 125.13 0.917 108.199 644.Other current assets C.03 0.Operating fixed assets at cost 3.432 0 0 0 0 - - - - 292 0 195 0 143.54 0.87 0.Return of equity (F7 as % of avg.355) 3.Revenue Reserve 3.361) 3.Short term Secured loans 2.578 212.Key Performance Indicators 1.184 32.106 34.611 1.746 0 (17.678 0 3.309 127.97 0.877 36.678 141.62 -1. shares) 126 - - - - 5.960 414.77 8.158 250.Local sales (Net) ii).00 0.Net profit before tax 8.Current Assets (B1+B2+B3+B4+B5) 1.018 2.977 652.172 212.487 572.767 0 (64.396 36.150 415 0 81.76 0.Depreciation for the year 5.759 31.964 31.398) 224.Other input cost 3.Export Sales (Net) 2.510 23.Debentures/TFCs 4.61 6.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 364. shares] 17.64 11.678 195.108 20.Assets turnover ratio [F1 to (A+B)] 5.678 0 (71.Tax provision (current year) 9.250 2.898 354.Long term investments 7.58 94. G1) 11.869 0 0 0 0 0 91.38 4.11 4.360 101.19 .614 87.884) 1.Contractual Liabilities (G2+C1) H.843 129.240 411.194 0 37.141 212.150 92.093 0 0 (13.Capital work in progress 2.99 -26.442 36.828 18.869 (72.18 -14.143 0 0 0 (30.602 346.Issued.80 6.Financial expenses of which: (i) Interest expenses 7.73 -4.678 0 (8.Intangible assets 6.900 212.08 -2.35 3.Current Liabilities (C1+C2) 1.238 112.01 9.18 -2.Financial expenses as % of sales (F6 as % of F1) 3.506) 212.

00 -3.Financial expenses as % of sales (F6 as % of F1) 3.258 65.44 -43.018 39.018 0 (23.639 67.370 39.07 47.Depreciation for the year 5.977 6.416 0 138.416 6.Total value of bonus shares issued 11.018 0 (23.586) 0 (86.421) 0 (85.014 26.195 0 5.360 497 415 497 415 18 18 18 18 8 8 7.608 12.01 -292.153 90. wages and employee benefits 6.738 65.799 127.Debt equity ratio [(C+D) to E] 8.30 -12.Cost of material ii).58 -4.165 0 1./share) [(F7-F8)/No.258 33.648) 39.Earning per share after tax (Rs.Cost of goods sold to sales (F2 as % of F1) 7.689 90.61 -2.020 18.Total fixed liabilities (D1+D3) 3.971 0 30.Sales i).Selling & distribution expenses ii).018 39.00 0.706 26.865 5.Other current assets C.018 0 (210.Short term Secured loans 2.153 4.Administrative and other expenses 5.00 0.51 2.00 0.Other current liabilities D.75 .Total amount of dividend 10.Shareholders Equity (E1+E2+E3) 1.865 18.865 - - - - (13.Return on assets [F7 as % of avg.73 5.Other non-current liabilities E.Total capital employed (E+D) 2.00 0.02 -0.018 0 (86. shares] 17.360 8.383 0 0 0 0 0 0 0 1. G1) 11.390 0 187.971 94. Items A.94 0.853 1.977 0 67.383) 0 (40.Trade Debt 4.08 3.195 0 0 0 0 0 0 1.706 90.Export Sales (Net) 2.Tax provision (current year) 9.495 0 0 0 G.108 144.153 4.648) 39.Revenue Reserve 3.020 52.00 48.44 1.08 3. administrative and other expenses i).018 (45.08 3.Reserves i).147 0 3.Financial expenses of which: (i) Interest expenses 7.411 71 5.Key Performance Indicators 1.945 5.586) 551 551 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 - - - - 0 3.Salaries.390 0 187.859 90.Miscellaneous 1.Retention in business (F7-F8-F9) 4.44 1.018 0 (85.608 12.Local sales (Net) ii).35 -11.General.865 5.195 0 5.648) - - - - 39.020 1.Dividend cover ratio [(F7-F8) to F9] 12.370 39.Long term secured loans 2.41 185.18 8.608 0 0 0 187.Assets turnover ratio [F1 to (A+B)] 5.608 0 0 0 187. Subscribed & Paid up capital i).127 726 0 0 0 0 - - - - 0 0 0 0 9.25 2.Return of equity (F7 as % of avg.22 5.Debentures/TFCs 4.258 33.859 3.440) 127. E) 10.94 0.Capital Reserve ii).147 0 407 0 407 265.Cash flows from operations - - - - 3.Preference shares 2.61 561.13 0.87 5.052) 39.852) 39.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 94.19 9.220.639 - - - - 0 0 0 0 - - - - 9.00 0.61 561.Ordinary Shares ii).Long term investments 7.Operating fixed assets after deducting accumulated depreciation 4.00 - - - - - - 0.Issued.123 12.Capital work in progress 2.370 39.186 0 1.070) 0 0 5.186 0 15.706 90.165) 0 0.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.153 90.220.350 26.00 48.153 27.61 -12.Current ratio (B to C) 6.Net profit before tax 8.00 0.Short term investments 5.383) 0 0 0 1.258 65.258 52.018 15.Financial Statement Analysis of Non Financial Sector 2010 Saleem Denim Industries Ltd.108 0 30.865 0 5.Trade Debt as % of sales (B3 as % of F1) 4.017) 39.Other non-current assets B.Inventory Turnover Ratio (F1 to B2) 13.153 4.41 190.608 12.Break-up value shares (Rs.165) 0 0 0 0 F. of Ord.00 0.(A+B)] 9.865 0 5.608 0 0 0 - - - - 144 0 0 (1.018 0 (23.360 8.865 18.378) 0 (1.123 12.00 0.646 0 3.123 12.13 0.453 0 18.Operating cash flow to debt ratio [F11 to (C+D)] 16.69 8.01 - - - - 9.Intangible assets 6.213) 0 (1.383 0 1.945 0 5. of Ord.Return on capital employed ( F7 as % of avg.421) 39.147 0 3.00 0.783 (161.93 0.Cash & bank balance 2.00 0.258 (39.01 0.Operating fixed assets at cost 3.738 33.Inventories 3./share) (E/No.108 144.Other input cost 3.Gross Profit 4.03 0.390 0 187.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Contractual Liabilities (G2+C1) H.018 15.28 -241.00 -0.Cost of sales i).020 (171.Net profit margin (F7 as % of F1) 15.440) 0 0 0 187.Non-Current Assets (A1+A3+A5+A6+A7) 1.018 (47. shares) 127 - - - - - - -1.020 66.865 0 0 0 0 0 0 0 1.258 66.258 18.05 - - - - 0.50 -1.Current Liabilities (C1+C2) 1.020 52.00 0.061 9.94 0.453 0 5.00 - - - - - 0.Employees benefit obligations 5.00 48.Operation: 1.794) 0 (13.84 0.00 0.Acid test or quick ratio[(B1+B3+B4) to C] 2.00 0.87 -1.00 0.624 - - - - 144.41 190.865 18.108 144.13 0.165 144 0 0 (1.Long term unsecured loans 3.146 8.Current Assets (B1+B2+B3+B4+B5) 1.

110 238. E) 10.83 1.242.158.905 827.05 0.Depreciation for the year 5.90 0.07 0.88 227.65 0.207.380.839 1.59 0.305 135.518 33.269 43.593 15.89 19.387.26 46.080 691.502 2.34 0.144.530 184.22 13.546 244.040) 276.Preference shares 2.366 2.015 33.426 187.426 0 727.513 2. wages and employee benefits 6.Financial expenses of which: (i) Interest expenses 7.12 -1.87 0.54 13.70 86.83 0.941 92.736 169.307 2.Employees benefit obligations 5.854 43.Sales i).73 0.950 248.91 89.08 -1.426 0 716. G1) 11.Current Assets (B1+B2+B3+B4+B5) 1.289 258.230 244.00 4.65 0.950 176.349.615 66.388 534.69 -14.Intangible assets 6.395 623.003 815.Inventory Turnover Ratio (F1 to B2) 13.085 - - - - 33./share) [(F7-F8)/No.Long term unsecured loans 3.187 5.534 209.Return on assets [F7 as % of avg.01 10.951.879 0 61.Total amount of dividend 10.664 1.12 1.83 243.517.492 276.046 119.Ordinary Shares ii).334.918.627 0 (6. of Ord.722 1.367.281 1.565 247.967 530.485 1.795 259.07 2.Debt equity ratio [(C+D) to E] 8.(A+B)] 9.848.615 0 0 0 0 145.22 -1.297 G.194 1.Financial Statement Analysis of Non Financial Sector 2010 Salfi Textile Mills Ltd.Net profit margin (F7 as % of F1) 15.396 92.Capital Reserve ii).40 0.69 -1.854 91.84 0.Issued.Salaries.50 1.867 888.097.000 0 81.871 319.521 0 0 25.155.Retention in business (F7-F8-F9) 4.130 701.918.Gross Profit 4.978 0 779.21 0.235 135.059 750.786 813.511 319.695.993 1.Other current liabilities D.518 1.47 0.63 0.512 824.Long term secured loans 2.334.297 815.Non-Current Assets (A1+A3+A5+A6+A7) 1.631 3.703 1.169 243.379 113.177) 2.969.545.351 0.176 0 394.Inventories 3.320 1.Short term investments 5.Total capital employed (E+D) 2.71 8.693 1.82 1.778.691 63.115 360.Administrative and other expenses 5.263 872.701 194.Return of equity (F7 as % of avg.809 0 (33.994 33.02 -72.Acid test or quick ratio[(B1+B3+B4) to C] 2.039 7.741 0 14.36 1.Other current assets C.390 30.Cost of goods sold to sales (F2 as % of F1) 7.784 160.01 88.263 1.796 167.52 -20.00 -0.61 117.Net profit before tax 8. shares] 17. Items A.Other input cost 3.Debentures/TFCs 4.97 94.Selling & distribution expenses ii).426 0 1.610 3.580 411.411 33.736 101.437 295 613.Cost of sales i).557 307.426 0 (16.78 0.568 33.150 (243.23 13.721 204.85 12.700 295.032 33.692 0 78.669 18.15 0.169 574.985 749.976 8.Operating cash flow to debt ratio [F11 to (C+D)] 16.390 1.Reserves i).00 0.00 -9.07 0.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.97 224.491.289) 360.172.521 33.125.89 13.793 49.Current Liabilities (C1+C2) 1.672 (22.940) 871.489 1.655 0 733.466 26.462 19.59 .Assets turnover ratio [F1 to (A+B)] 5.Earning per share after tax (Rs.039 3.143 10.816 1.Total value of bonus shares issued 11.144 1.386 1.367 286.615 383.980.Export Sales (Net) 2.978 827.93 1.413 1.104 1.41 346.629 1.995 1.Break-up value shares (Rs.545.352 879.441 33.Operating fixed assets after deducting accumulated depreciation 4.380.Contractual Liabilities (G2+C1) H.426 760.656 853.256 257.29 0.458 33.Financial expenses as % of sales (F6 as % of F1) 3.02 -12.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.464 574.19 1.95 0.Miscellaneous 1.355.Cash flows from operations - - - - 26.Operation: 1.988 - - - - 574.359 0 0 (33.343 0 (24.62 1.Capital work in progress 2.386 0 0 - - - - 154. of Ord.83 1.54 0.689.39 2.45 0.Short term Secured loans 2.664 31.589 620 993.646.881 - - - - 610 3.219 140.506 441.426 33.513 1.506 32.519) 8.360 5.96 1.390 4.604 F.06 80.941 253.202 628.86 350.057 1.667 0 - - - - 122.795 120.355.47 90.Other non-current assets B.961.350) 33.678) 5.20 7.89 0.218 254.489 1.08 0.925 841.061 700.942.14 -3.Return on capital employed ( F7 as % of avg.67 -7.366 70.297 - - - - 48.739 201.11 0.12 446.635 21.22 - - - - 21.655 824.738 471.132 95.518 68.428 1.100 233.995.01 2.Shareholders Equity (E1+E2+E3) 1.426 812.Revenue Reserve 3.356 0 816.852 122.974 1.58 0.707 - - - - 990.291 0 (563) 628.Other non-current liabilities E.757 798.535) 1.297 195.10 11.785 3.426 1.Total fixed liabilities (D1+D3) 3.029.Cash & bank balance 2.02 0.738 1.160.970 33.29 0.368 176.Local sales (Net) ii). shares) 128 - - - 7.18 -0.928 22.508.37 1.133.Tax provision (current year) 9. administrative and other expenses i).368 1.059 826.426 1.427.401 66.783 1.794 117.558 0 0 0 0 - - - - 0 279.338 (241.Trade Debt as % of sales (B3 as % of F1) 4.973 1.Trade Debt 4.808.97 17.615 2.784 74.027 115.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 888.16 8.836 1.30 2.50 6.Current ratio (B to C) 6./share) (E/No.842 111.Long term investments 7.94 2.230 19.731.881 1.413 38.94 3.513 1.Cost of material ii).Operating fixed assets at cost 3.782 74.250 578.305 141.406 856.150 441.463 798.511 33.General.669.285 4.399 2. Subscribed & Paid up capital i).21 13.860 3.59 0.871 66.83 30.152.282 574.154 184.Key Performance Indicators 1.361 103.068 49.29 5.537.10 0.Dividend cover ratio [(F7-F8) to F9] 12.426 0 779.426 0 313.426 1.75 - - - - 0.575.727 513.

Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 418.833 489.Return of equity (F7 as % of avg.32 93.574 203.786 734.346 8.114.668 296 208.14 15.408 486.96 13.976 26.Preference shares 2.359 783.Short term Secured loans 2.502 39.480 76.82 14.158) 0 (65.161 76.166 367.16 0.290 25.832 83.Current ratio (B to C) 6.716 442.54 2.282 545.614 518.Other current assets C.507 1.035.507 (82.Total value of bonus shares issued 11.06 4.133 503.Employees benefit obligations 5.102 231.257) 408.324 19.409 11.Capital work in progress 2.248 656.620 702.108 39.Tax provision (current year) 9.384 0 0 - - - - 119.827 45.969 39.024.157 1.750 (84.301 3.973 - - - - 18.317 563.58 0.96 3.Total fixed liabilities (D1+D3) 3.91 0.207 762.698 478.27 -5.Break-up value shares (Rs.Earning per share after tax (Rs.372 1.858 883.Return on capital employed ( F7 as % of avg.769 0 27.744 301.08 8.74 - - - - 3.Salaries. Subscribed & Paid up capital i).06 -9.80 -11.647 491. administrative and other expenses i).Revenue Reserve 3.49 1.71 1.Cost of material ii).Local sales (Net) ii).Miscellaneous 1.Trade Debt 4.500 170.990 723.458 10.998 256.07 0.10 0.095 71.Cost of sales i).Long term investments 7.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Debentures/TFCs 4.75 602.231 518.678 0 116.377 1.Long term unsecured loans 3.543 447.31 1.599 228.318) 0 (278.(A+B)] 9.47 93.111.00 -7.27 3.38 1.630 - - - - 0 0 0 0 - - - - 170.44 97.898 0 163.614 0 471.492 1.319 351.26 - - - - 18.750 87.Export Sales (Net) 2.408) 87.619 166.635 13.Retention in business (F7-F8-F9) 4.Trade Debt as % of sales (B3 as % of F1) 4.Financial expenses as % of sales (F6 as % of F1) 3.Operating fixed assets after deducting accumulated depreciation 4.429 327.86 3.Net profit margin (F7 as % of F1) 15.303 31.21 0.994 14.739 149.Key Performance Indicators 1.167 563.745.310 128.Gross Profit 4.112 26.083 7.593 0 0 13.516) 0 (139.83 7.079 11.619 1.70 4.516) 87.Debt equity ratio [(C+D) to E] 8.Current Assets (B1+B2+B3+B4+B5) 1.923 872.58 1.788 49.513 4.67 0.341 0 37.77 0.43 91.772 30.743 47.754 15.Selling & distribution expenses ii).415 0 43.26 1.Short term investments 5.10 0.255 35.165 12.257 21.08 3.990 8.696 882.Operating fixed assets at cost 3.Total amount of dividend 10.847 554.03 3.Cost of goods sold to sales (F2 as % of F1) 7.831 998.Operation: 1. of Ord.89 -14.238 408.963) 83.29 0.064 - - - - 46.00 1.407 73.Other current liabilities D.Other input cost 3.24 0.90 0. shares] 17.00 5.994) 87.Return on assets [F7 as % of avg.00 -1.913 62.Inventories 3.452 0 (11.645 500.458 1.97 1.63 -6.743 123.973 1.669.Shareholders Equity (E1+E2+E3) 1.750 0 (278.250 41.488.Net profit before tax 8.36 0.750 151.632 10.465 87.822 - - - - 682.Reserves i).Inventory Turnover Ratio (F1 to B2) 13.83 37.218.937 483.Issued.Dividend cover ratio [(F7-F8) to F9] 12.64 85.984 0 0 (6.815 442.158) - - - - 87.750 0 (172.930 71.52 -29.48 -11.648 F.018 28.109 116. wages and employee benefits 6.165 2.00 2.213 623.60 3.750 0 (286.84 -0.381 20.003 758.27 15.775 0 147.750 87.66 -0.09 -19.630 572.337 0 61.645 20.982 798.411 145.25 0.928 0.354 51.213) 87./share) (E/No.Cash flows from operations - - - - 10.55 0.216 38.Long term secured loans 2.68 5.45 0.115 0 721.00 1.861 2.45 -9.Other non-current liabilities E.492 249.36 0.750 0 (212.560) 87.01 -7.92 1.969 24.03 4.826 219.383 538.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.99 -9.894 0 49.104 775.837 28.968 8.601) 623.268 1.510 2.104 141.Depreciation for the year 5.513 71.090 126.36 90.293 61.61 .754 478.161 306.810) 87.489 608.121 0 893. E) 10.984 418.310 119.46 24.211 5.Operating cash flow to debt ratio [F11 to (C+D)] 16.06 0.250 203.44 -2.480 21.Contractual Liabilities (G2+C1) H.28 -14.161 55.945) 87.131 12.Capital Reserve ii).647 (99.530 0 15.41 19.011.94 6.29 45.750 (102.Financial expenses of which: (i) Interest expenses 7.Intangible assets 6.408 2.010 244.Acid test or quick ratio[(B1+B3+B4) to C] 2.248 0 0 0 103.722 500.182.29 6.551 41.Total capital employed (E+D) 2. G1) 11.750 0 (139.265 1.282 25.217) 5.20 -6.00 0.52 1.883 0 0 0 0 - - - - 0 0 0 0 261.22 163.44 2.216 689.Financial Statement Analysis of Non Financial Sector 2010 Sally Textile Mills Ltd.48 -22.815 20.750 0 (186.Non-Current Assets (A1+A3+A5+A6+A7) 1.580 0 9. Items A.115 798.080 398.Other non-current assets B.68 17.81 0.871 43.195) 87.156.76 0.976 550.751 0 86.411 0 0 (60.743 125.629 791.01 3.101 71.184 0 43.General.082 545.507 1.Ordinary Shares ii). shares) 129 - - - - - 2.Sales i).020 4.11 0.74 -6.318) 87.390 133.177 123.936 G.204 828.Administrative and other expenses 5.Current Liabilities (C1+C2) 1./share) [(F7-F8)/No.161 19.731 133.40 0.236 (125.Cash & bank balance 2.187 1.566 1.390 314.Assets turnover ratio [F1 to (A+B)] 5.846) 4. of Ord.750 (198.

Dividend cover ratio [(F7-F8) to F9] 12.Financial Statement Analysis of Non Financial Sector 2010 Salman Noman Enterprises Ltd.755 2.805 0 (588) 68.Operating fixed assets at cost 3.22 5.072.Debentures/TFCs 4.737 186.Cash flows from operations - - - - 6.22 0.760 0 121.Salaries.14 2.483 0 0 2.937 644.59 -9. shares] 17. shares) 130 - - - - - - 6.706 5.71 0.760 0 222.375 289.Current ratio (B to C) 6.561 39.36 1.Trade Debt as % of sales (B3 as % of F1) 4.375 16.Other current assets C.84 0.90 90.Other non-current assets B.988 85.362 335.Short term Secured loans 2./share) [(F7-F8)/No.85 97.Retention in business (F7-F8-F9) 4.Total capital employed (E+D) 2.28 1.Net profit before tax 8.Cost of goods sold to sales (F2 as % of F1) 7.Long term secured loans 2.974 28.758 605.993 21.Short term investments 5.605 6.078 107.920 501.Total amount of dividend 10.714 27.Ordinary Shares ii).Key Performance Indicators 1.786 608.06 1.239 31.784 653.918 39.01 2.Contractual Liabilities (G2+C1) H.520 247.919 0 0 1.217 584.739 0 1.46 1.Reserves i).715 154.Operation: 1.921 (82.760 161.Earning per share after tax (Rs.Cash & bank balance 2.844 11.50 95.49 0.393 0 846.69 0.760 39.502 12.502 181.14 5.668 46.646 39.485 72.343 0 0 4.026 15.800 286.600 11.975 89.78 -0.393 868.27 0.Assets turnover ratio [F1 to (A+B)] 5.840 1.34 1.694 263.651 0 27.553 0 39.081 68.278 39.685 0 364.920 0 861.305 770.Long term unsecured loans 3.04 - .760 259.397 0 67.314 1.155 0 81.Other non-current liabilities E.581 51.799 1.772 355.170 0 0 0 0 19.Operating fixed assets after deducting accumulated depreciation 4.Administrative and other expenses 5.182 19.760 0 37.396 406.15 0.502 0 54.Miscellaneous 1.03 1.73 67.186.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.190 0 19.42 0.31 0.507 39.Return on capital employed ( F7 as % of avg.760 268.602 150.Shareholders Equity (E1+E2+E3) 1.Revenue Reserve 3.04 2.Sales i).01 94.760 175.808 190. G1) 11.915 351.976 58.175 261.Capital Reserve ii).67 - - - - 4.921 238.381 0 1.Other input cost 3.Export Sales (Net) 2.577) 292.920 0 474.Non-Current Assets (A1+A3+A5+A6+A7) 1.51 0.452 39.795 10.561 0 37.Operating cash flow to debt ratio [F11 to (C+D)] 16.395 46.Acid test or quick ratio[(B1+B3+B4) to C] 2.Depreciation for the year 5.31 0.334 18.735 (82.91 1.82 0.158 7.907 - - - - 419.960 0 452.235 868.150) 0 0 0 (6.918 348.532 17.83 0.Financial expenses as % of sales (F6 as % of F1) 3.415 168.668 258.Employees benefit obligations 5.692 - - - - 39.760 0 54.685 384.47 4.824 0 563.42 0.760 282.36 3.762 0 0 - - - - 69.Intangible assets 6.57 - - - - 2.766 53.41 94.00 -0.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 291.Break-up value shares (Rs.84 0.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.66 65.75 0.25 0.Net profit margin (F7 as % of F1) 15.395 9.21 7.66 0.985 14.20 1.545 8.28 0.00 0.702 16. wages and employee benefits 6.247 107.232 322.197 2.010 39.01 1.377 151.196 250 50.49 1.789 0 1.Long term investments 7.526 21.526 9.707 114.General.784 27.312 177.Return on assets [F7 as % of avg.345 642. of Ord.86 65.934 0 1. Items A.Gross Profit 4.112 97.Total value of bonus shares issued 11.929 135.958 174.600 21.808 246.017 0 25.232 82.62 2.587 0.417 29.877 6.56 3.523 275.356 30.17 2.965 0 876.74 0.409 238.127 219.Local sales (Net) ii).929 9.49 2.510 68.Financial expenses of which: (i) Interest expenses 7.15 40.902 22.772 291.186.830 610.Tax provision (current year) 9.150) 418.997 G.940 F.330 101.602 627 27./share) (E/No. administrative and other expenses i).85 1.837 3.27 71. Subscribed & Paid up capital i).770 39.386 11.Trade Debt 4.760 0 242.Total fixed liabilities (D1+D3) 3.703 17.122 957 59.889 608.789 1.Preference shares 2.417 322.762 - - - - 263.235 - - - - 9.Capital work in progress 2. E) 10.760 0 135.Inventories 3.621 1.09 6.678 39.952 56.324 0 0 0 0 - - - - 0 0 0 0 81.960 473.79 6.417 34.759 698 719 4.46 -0.375 126.70 0.33 3.282 45.149 402.Inventory Turnover Ratio (F1 to B2) 13.09 4.44 2.822 93.37 0.24 0.62 1.68 -30. of Ord.Current Assets (B1+B2+B3+B4+B5) 1.33 2.Return of equity (F7 as % of avg.127 15.199 51.Cost of material ii).786 13.312 195.Cost of sales i).471 17.758 190.48 -9.721 617.33 -13.784 19.384 384.Current Liabilities (C1+C2) 1.082 782.00 1.438 - - - - 19.808 473.18 10.170 22.194 633.83 0.957 58.Debt equity ratio [(C+D) to E] 8.96 0.707 28.145 0 7.Issued.565 501.98 96.932 0 - - - - 30.88 4.47 0.824 584.091 0 71.00 0.Other current liabilities D.985 335.514 80.532 27.701 11.514 14.42 2.830 290.12 0.701 275.335 117.84 0.01 -20.747 39.946 1.278 627.48 1.292 212.49 1.(A+B)] 9.96 8.39 6.Selling & distribution expenses ii).

812 207.Cost of sales i).912 311.750 0 0 42.Long term secured loans 2.Capital Reserve ii).Trade Debt 4.651 704.392 91.760 1.974 208.61 2.12 0.056 0 0 46.004 704.Operation: 1.12 9.012 147.640 1.Selling & distribution expenses ii).97 15.153 694.957 714.580 1.187 184.00 -1.986 92.406 710.510 708.791 (69.36 9./share) (E/No.Retention in business (F7-F8-F9) 4.873 1.531 0.Return of equity (F7 as % of avg.75 4.150 1.68 2.19 4.75 -0.100 330.00 -2.Tax provision (current year) 9.05 -2.351 0 470.Debt equity ratio [(C+D) to E] 8.81 88.392 47.953 1.437.686 2.39 95.677 869.448 81.47 0.General.880 59.351 66.40 19.698 68.357 73.532 98. administrative and other expenses i).533 59.178 12.474.234 1.595 19.150 779.228.Long term unsecured loans 3.90 -0.198) 12.640 0 129.260 0 29.50 1.65 97.705 1.533 59.000.823 475.489 133.235.151 418.490 184.21 62.702 39.226 733.941 691.Total capital employed (E+D) 2.236.839 0 0 (11.500 12.470 922.125 731. shares) 131 - - - - - - 3.193 1.32 2.367 126.471 631.072 0 382.722 1.310 1.722 290.45 0.Other current assets C.208.247.962 45.731 793.Current ratio (B to C) 6.000 0 2.600 0 18.595 (78.24 19.081) 691.311 11.Ordinary Shares ii).348.26 -8.Net profit margin (F7 as % of F1) 15.199 279.81 -7.317 133.28 6.120 1.Salaries.291) 769.987 - - - - 0 0 0 0 - - - - 236.829 261.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.221 118.043 38.547) 15.Cash & bank balance 2.072 0 133.Depreciation for the year 5.Financial Statement Analysis of Non Financial Sector 2010 Samin Textiles Ltd.352 (13.45 -4.935 349.173 1.Contractual Liabilities (G2+C1) H.541 110.745 1.379.468 16.777 133.653 141.221 151.331 59.962 745.606 236.704 947.Long term investments 7. of Ord.386 130.59 -0.810.Miscellaneous 1.361 62.948) 714.Revenue Reserve 3.660 81.781 739.361.55 5.23 6.79 0.729.Other non-current assets B.68 1.06 - - - - 54.055.221.273 306.96 0.186 111.006 14. E) 10.10 6.738 19.Operating cash flow to debt ratio [F11 to (C+D)] 16.869 1.926.393 1.158 0 (29.317 0 662.84 90.650 83.489 1.Return on assets [F7 as % of avg.634.560 94.137 133.100 6.87 0.351 857.276 979.640 0 265.62 1. wages and employee benefits 6.00 2.556 (29.221 92.187 152.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 642.Financial expenses as % of sales (F6 as % of F1) 3.346 37.68 92.95 .533 733.467 1.687.157 499.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Shareholders Equity (E1+E2+E3) 1.Financial expenses of which: (i) Interest expenses 7.01 - - - - -1.269 1.751 133.016 114.898 389.Employees benefit obligations 5.14 0.726 349. Subscribed & Paid up capital i).59 -1.Operating fixed assets at cost 3.889 835.Export Sales (Net) 2.Current Assets (B1+B2+B3+B4+B5) 1.607 133.640 0 470.514 299.86 64.Acid test or quick ratio[(B1+B3+B4) to C] 2.Current Liabilities (C1+C2) 1.068 244.416.13 0.57 -1.468) 751. Items A./share) [(F7-F8)/No.527 0 0 31.722 2.17 1.Reserves i).613.87 1.186 642.038 345.03 -5.26 0.640 399.423 - - - - 133.33 5.079 37. G1) 11.20 8.Return on capital employed ( F7 as % of avg.41 -1.00 1.254 1.Administrative and other expenses 5.Issued.(A+B)] 9.Other current liabilities D.503 88.13 -4.Net profit before tax 8.Sales i).Break-up value shares (Rs.170 49.754 678.626 638.Total fixed liabilities (D1+D3) 3.640 828.Capital work in progress 2.Inventories 3.705 1.626 68.58 0.400 738.078.153.Earning per share after tax (Rs.Debentures/TFCs 4.969 68.691 846.02 0.041 0 0 0 0 - - - - 0 1.95 12.124.59 0.79 1.536.Total value of bonus shares issued 11.640 133.971 133.585.117 104.37 0.725 8.96 1.36 1.051) F.300 0 0 - - - - 94.69 -2.497 836.784 G.Other input cost 3.452 382.785 0 (23.650 190.Preference shares 2.105 941.73 78.Cost of goods sold to sales (F2 as % of F1) 7.079 607.Cash flows from operations - - - - 92.Operating fixed assets after deducting accumulated depreciation 4.65 91.23 0.76 0.078 1.051 620.Dividend cover ratio [(F7-F8) to F9] 12.Trade Debt as % of sales (B3 as % of F1) 4.93 7.640 862.514 1.640 0 128.Local sales (Net) ii).53 7.74 7.667 261.81 6.791 1.640 0 921.74 15.47 7.353 1.437.438 36.76 -0.615 847.318.484 1.22 29.31 3.166.03 1.05 1.79 -1.10 0.640 133.680.696 - - - - 125.365 0 1.817 83.661 620.73 0.607 1.869 - - - - (17.60 -1.04 0.Other non-current liabilities E.556 133.528 43.Gross Profit 4.541 133.Cost of material ii).84 2.22 -5.921 0 0 (69.Short term investments 5.Intangible assets 6.284 686.998 38.640 0 662.38 4.47 -0.565. of Ord.571 1.010.698 678.19 4.Inventory Turnover Ratio (F1 to B2) 13.998 109.491 402.Non-Current Assets (A1+A3+A5+A6+A7) 1.823 262.650 224.865 - - - - 1.601 144.692 264. shares] 17.Key Performance Indicators 1.351 583.672 7.181 133.185 134.063 133.593 623.Short term Secured loans 2.489 1.597 0 1.038.037 745.154 108.Total amount of dividend 10.090 1.03 4.777 1.432 92.443.418 390.781) 11.257 456.946 91.642 827.559 22.249 786.659 1.235) 9.02 0.Assets turnover ratio [F1 to (A+B)] 5.

349 99.78 1.16 90.185 F.000 0 137.223 36.000 (54.829 7.487 115.Sales i).973 11.000 0 0 55.483 4.Long term investments 7.752 144.863 382.90 16.592 0 (56.298 0 15.40 86.737 0 316.92 35.Capital Reserve ii).624 55.93 0.Operating fixed assets after deducting accumulated depreciation 4. G1) 11.675 55.906 278.080 385.Operation: 1.62 10.85 41.212 16.235 69.228 172.Ordinary Shares ii).52 1.49 41.84 0.924 0 104.84 88.365 16.Selling & distribution expenses ii).77 15.46 -15.Trade Debt 4.Intangible assets 6.485 122.09 0.759 382.732 172.852 117.77 1.000 0 152.64 107.322 9.34 0.796 0 2.Issued.839 0 145.397 50.02 5.000 55.08 0.054 0 0 7.329 4.Operating fixed assets at cost 3.292 20.718 0.54 8.Financial expenses of which: (i) Interest expenses 7.Salaries.764 481.624 55.592 5.Assets turnover ratio [F1 to (A+B)] 5.899 11.Shareholders Equity (E1+E2+E3) 1.93 94. Items A.942) 103.131 23.746 74.220 3.Revenue Reserve 3.468 12.165 0 (188) 73.63 16.097 236.500 0 - - - - 60.Other current liabilities D.127 12.737 336.Miscellaneous 1.899 144.115 0 17.121 0 8.Return of equity (F7 as % of avg.30 0. shares] 17.321) 12.24 0.Cost of material ii).85 1.039 1.886 175.239 24.53 25.204 89.134 78.145 84.189 166.88 0.000 0 155.654 385.056 506.000 0 173.000 228.Cost of sales i).642 155. of Ord.718 29.759 0 411.560 244. wages and employee benefits 6.347 96.709 18.Preference shares 2.740 2.08 5.73 3.Debentures/TFCs 4.000 192.410 171.Dividend cover ratio [(F7-F8) to F9] 12.309 106.408 10.818 33.Current Liabilities (C1+C2) 1.Gross Profit 4.675 202./share) [(F7-F8)/No.935 395. Subscribed & Paid up capital i).General.07 0.Key Performance Indicators 1.92 4.13 0.38 1.Inventory Turnover Ratio (F1 to B2) 13.112 613.885 12.008 - - - - 19.623 0 427.500 5.973 17. shares) 132 5.375 102.498 697 204.49 0.96 40.096 161.Return on capital employed ( F7 as % of avg.90 0.79 9.76 0.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.751 0 16.000 210.Other non-current assets B.671 123.577 53.Administrative and other expenses 5.080 0 4.645 232.005 2.29 1.40 5.00 1.213 123.000 32.Capital work in progress 2.Break-up value shares (Rs.399 - - - - 399.Short term Secured loans 2.489 22.28 0.548 - - - - 2.Net profit margin (F7 as % of F1) 15.000 10.53 4.Cost of goods sold to sales (F2 as % of F1) 7.443 57.00 1.56 38.248 0 173.869 58.591 187.668 0 0 0 0 - - - - 0 0 0 0 198.Depreciation for the year 5.41 1.Trade Debt as % of sales (B3 as % of F1) 4.530 68.560 452.Export Sales (Net) 2.(A+B)] 9.906 76.635 21.38 0.042 175.Current ratio (B to C) 6.27 8.295 175.172 281.68 -35.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.29 6.675 - - - - 55.115 30.798 521. E) 10.182 24.945 73.637 37.51 4.495 16.839 5.731 103.270 128.64 1.00 0.468 (28.87 2.54 6.50 86.25 1.Debt equity ratio [(C+D) to E] 8.237 2.886 17.03 - .50 6.353 18.302 165.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 106.888) 2.Non-Current Assets (A1+A3+A5+A6+A7) 1.07 2.53 12.000 0 51.Net profit before tax 8.81 17.295 21.10 1.Current Assets (B1+B2+B3+B4+B5) 1.Financial expenses as % of sales (F6 as % of F1) 3.951 179.Total capital employed (E+D) 2.000 50.111 27.03 4.096 197.000 0 158.145 506.842 3.71 23.365 0 0 0 0 0 0 0 0 0 - - - - 0 24.00 1.703 0 5.250 0 89.528 15./share) (E/No.Return on assets [F7 as % of avg.Inventories 3.28 0.173 5.826 14.Employees benefit obligations 5.43 6.397 55.940 18.609 5.742 84.Reserves i).98 7.131 172.76 6.85 1.248 0 0 336.375 14.145 0 437.692 0 6.99 0.00 3.84 5.280 0 20.65 14.35 1.Long term unsecured loans 3.117 711.Financial Statement Analysis of Non Financial Sector 2010 Sana Industries Ltd.07 1.015 713.Total value of bonus shares issued 11.195 158.300 0 19.Other non-current liabilities E.Other input cost 3.63 2.341 7.448 20.01 26.Local sales (Net) ii).624 0 155.53 - - - - 3.98 4.65 24.637 14.760 16.772 502.577 16.01 15.000 208.211 191.Retention in business (F7-F8-F9) 4.494 G.Acid test or quick ratio[(B1+B3+B4) to C] 2. administrative and other expenses i).Contractual Liabilities (G2+C1) H.37 0. of Ord.67 0.056 - - - - 13.165 50.Earning per share after tax (Rs.548 202.102 0 19.994 76.Cash flows from operations - - - - 11.165 50.732 20.20 0.586 218.204 25.Operating cash flow to debt ratio [F11 to (C+D)] 16.592 161.86 -41.098 192 551.68 -14.Long term secured loans 2.646 14.654 0 348.790 0 (436) 0 230.752 0 83.116 34.43 1.326 85.50 - - - - 1.738 19.Short term investments 5.000 55.248 55.224 288 532.Other current assets C.645 104.Cash & bank balance 2.Total amount of dividend 10.Tax provision (current year) 9.88 6.54 28.018 17.60 1.960 89.623 481.37 3.Total fixed liabilities (D1+D3) 3.

837.718 12.571 11.72 3.72 11.239.726.490 361.222.144.758 175.45 475.081 175.430 1.76 0.28 287.888 105.877 19.13 3.200.807 435.59 1./share) [(F7-F8)/No.167 9.072 26.656 3.142 2.386 2.015 199. of Ord.874 1.810.035.489.667 1.Cash flows from operations - - - - 70.234 149.178 1.754.Current ratio (B to C) 6.500 0 0 3.522 8.609 1.Return of equity (F7 as % of avg.412 5.324 49.81 0.681 1.894.795 0 - - - - 540.922.03 171.038 7.00 27.318 12.977 4.Trade Debt as % of sales (B3 as % of F1) 4.712 1.744 175.Retention in business (F7-F8-F9) 4.006.356.31 1.250 0 317.410 18.50 87.138.919 667.438 264.35 5.Cost of sales i).900.Capital Reserve ii).746 5.727.800.159.285.454 42.Other current liabilities D.745 2.60 0.041 5.934 627.941.022 102.000 7.569. of Ord.Other current assets C.Cost of goods sold to sales (F2 as % of F1) 7.18 87.269 470.Capital work in progress 2.496.000 0 2.608.943 283.12 8.420.474 15.821 2.Miscellaneous 1.000 0 7.Other non-current assets B.237.758 175.794.811.Total capital employed (E+D) 2.Sales i).072 129.449.Inventories 3.078.039 661.875 159.865 1.198 7.352 2.15 3.783 0 0 1.92 10.192.080.596 509.522 2.Shareholders Equity (E1+E2+E3) 1.296./share) (E/No.265.600 28.(A+B)] 9.742.961 589.964.Export Sales (Net) 2.925 - - - - 13.14 0.997.614.01 12.72 6.71 9.176 156.587 4.Employees benefit obligations 5.800.492 75.864 1.593 36.915 116.954 22.Revenue Reserve 3.Salaries.96 11.Key Performance Indicators 1.000 0 6.811.461.729 44.Operating fixed assets after deducting accumulated depreciation 4.Acid test or quick ratio[(B1+B3+B4) to C] 2.577 175.910.891.933 455.061 253.01 30.286.347.764 256.996 1.10 1.Inventory Turnover Ratio (F1 to B2) 13.44 5.Current Liabilities (C1+C2) 1.884 6.Issued.880 13.891.154 1.27 - - - - 113.30 6.754.55 0.Financial expenses of which: (i) Interest expenses 7.67 7.066.545 5.024 70.510 2.55 0.493 8.512 983.35 2.531 1.550.870 29.489 4.56 2.276 108.11 0.004 886.10 4.Debentures/TFCs 4.515 - - - - 10.412 415.846 8.00 51.Ordinary Shares ii).944 643.712.631 1.Long term secured loans 2.385.Return on capital employed ( F7 as % of avg.939 2.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 2. Subscribed & Paid up capital i).000 0 4.68 13.321 - - - - 281.136 4.73 2.928 22.289 2.843 667.087.55 15.274.30 4.36 0.982 4.153 557.161 532.76 383.Operating fixed assets at cost 3.60 2.082.07 436.468.667 81.118.509 300.805 201.11 3.211 5.93 2.Contractual Liabilities (G2+C1) H.491 2.494 196.Net profit margin (F7 as % of F1) 15.750 0 549.312 236.712 859.135 265.44 13.Earning per share after tax (Rs.934.666 13.081 2.541.087 5.60 10.942 2.555 4.25 0.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.322.General.369.757 1.478 0 473.604 4.771.148.875 0 9.082.412 2.744 175.922.Total fixed liabilities (D1+D3) 3.91 0.91 5.038.877 466.045 35.694.28 8.057 1.902 10.720 1.536.48 34.374.271 1.928 3.474 502.248.608 2.410 4.340 0 219.724 1.403 0 21.771 3.531 2.376 3.787 5.Reserves i).959.159 0 1. wages and employee benefits 6.428 5.99 4.Short term Secured loans 2.Financial expenses as % of sales (F6 as % of F1) 3.56 2.258 2.Selling & distribution expenses ii).471 4.964.235.984 2.943 43.448 0 4.532.090.196 0 223.Administrative and other expenses 5.13 - - - - 8.619 627.667 1.Current Assets (B1+B2+B3+B4+B5) 1.000 5.000 7.33 0.052.Operating cash flow to debt ratio [F11 to (C+D)] 16.Assets turnover ratio [F1 to (A+B)] 5.159.00 69.095.025 96.519. E) 10.711.577 175.803.423 5.863.56 0.996 0 6.448 4.59 4.682 8.056.Long term investments 7.394 3.222.961.82 0.90 7.96 9.939.906 4.678 3.Long term unsecured loans 3.492 - - - - 175.560 984.053 F.400.154 455.335 875. shares] 17.082.122.536 4.428 3.235 3.511.793.200.94 79.868 1.596 502.Financial Statement Analysis of Non Financial Sector 2010 Sapphire Fibres Ltd.459.709 1.145.154 262.45 0.174 2.Non-Current Assets (A1+A3+A5+A6+A7) 1.264.950 6.208.720.51 3.07 16.437.33 0.000 9.Total value of bonus shares issued 11.725.Cash & bank balance 2.636.891 357.87 0.39 19.971 521.Net profit before tax 8.Other input cost 3.Trade Debt 4.085.961 96.321 7.331 243.Debt equity ratio [(C+D) to E] 8.56 5.000 0 6.529 630.56 5.612 7.Total amount of dividend 10. shares) 133 4.596 253.00 15.36 8.748.512 0 0 0 0 0 0 0 0 - - - - 470.952 254.189 75.668 116.293 498.46 0.473.Gross Profit 4.Cost of material ii).887 2.935 5.452.30 0.549 5.35 6.02 86.00 14.875 175.720 792.682 2.234 2. Items A.84 81.970.172. G1) 11.492 175.452 81.347.412 1.486 16.060 2.Local sales (Net) ii).89 0.634 14.000 6.Other non-current liabilities E.Operation: 1.92 3.884 1.506.313 5.384.Depreciation for the year 5.78 8.803 196.722 10.636 - - - - 3.291.080 G.921.Preference shares 2.554.756 563.041 38.599.822.942 1.619 819.941.96 11.Intangible assets 6.006 652.49 18.04 6.661 5.403 0.97 408.26 1.Break-up value shares (Rs.14 14.718 542.417.694.668 728.323 137.Return on assets [F7 as % of avg.Dividend cover ratio [(F7-F8) to F9] 12.34 83.Short term investments 5.29 .49 3.50 13.62 7.Tax provision (current year) 9.546 1.37 15.531 0 30.369.442 88.082 358.598 - - - - 428.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.325.782 2.039 13. administrative and other expenses i).961.020.96 0.688.116.612 3.

356 1.714 148.296.693.283.64 0.Break-up value shares (Rs.035 - - - - 7.450.187.445 30. E) 10.82 1.231 847.(A+B)] 9.55 1.176 3.108.526 1.229.577.29 0.267.77 8.376.Sales i).69 8.290 F.074.663.821 725.267 4.481 6.Inventory Turnover Ratio (F1 to B2) 13.880.15 0.72 11.087 3.872 77.16 46.520 734.828.031 387.235 8.Other input cost 3.006.651 863.Non-Current Assets (A1+A3+A5+A6+A7) 1.35 2.Net profit margin (F7 as % of F1) 15.326 2.642 0 586.064.057 7.112.490.Financial expenses as % of sales (F6 as % of F1) 3.746.86 0.423 7.47 13.434 4.54 3.902 11. shares] 17.23 7.381 734.303 4.292.99 0.311.236 177.69 5.General.405 3.16 0.113 3. shares) 134 4.875 89.022 390.247 4.909 4.587 773.864 976.61 15.Earning per share after tax (Rs.623 4.00 12.04 0.19 0.107.76 1.14 6.867 8.073.143.190.774 66.52 0.082 3.000 4.146 1.252 400.70 6.87 0.32 2.68 - - - - 6.960.646.626 3.619 723.Operating fixed assets after deducting accumulated depreciation 4.617 3.Preference shares 2.824 200.001 4.Current Liabilities (C1+C2) 1.922.926 7.795 4.509 37.605 195.Cash & bank balance 2.Inventories 3.176 200.376 10.329 6.831 0 5.828.920 4. administrative and other expenses i).372.89 3.70 299.560.099.50 0.176 0 5.Total fixed liabilities (D1+D3) 3.215.353 143.15 17.617.38 9.Other current assets C.Other non-current liabilities E.879.727 4.247 4.412.603.784 4.831 5.598 1.29 2.819 1.745 133.575 5.29 5.Export Sales (Net) 2.17 14.Assets turnover ratio [F1 to (A+B)] 5.949 396.702 380.216.309 0 182.043 5.383 1.007 200.083 3.251.405 3.481 2.947 866.536 6.601 60.751.891 4.10 81.118.683.460 55.Employees benefit obligations 5.88 0.422.54 11.818.767 3.868 200.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Operation: 1.59 0.894 4.744 96.660 702.926.834 7.Acid test or quick ratio[(B1+B3+B4) to C] 2.Debentures/TFCs 4.921.97 0.282 99.607 5.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 3.907 1.099 0 - - - - 835.183.Cost of goods sold to sales (F2 as % of F1) 7.Total capital employed (E+D) 2.443.Other current liabilities D.40 88.12 14.612 4.994 4.973. of Ord.63 3.94 2.413 764.187.092 10.245.Intangible assets 6.105.580 - - - - 604.520 2.140 4.515 11.503 30.Retention in business (F7-F8-F9) 4.276.660 - - - - 200.Long term unsecured loans 3.017.587 9.798 3.347 3. G1) 11.909.845.831 6.29 4.373 544.13 1.180 4.018.149 2.278.949.731 14. Items A.91 85.16 25.372 7.124.863 1.134.Trade Debt as % of sales (B3 as % of F1) 4.55 1.123.831 0 3.054.655 643.21 8.Net profit before tax 8.27 4.289.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.21 5.00 30.669 5.155 8.639 6.421 242.908.90 1.40 5.955.280.60 90.96 11.123 379.714 544.923.318 3.10 4.Reserves i).851.34 5.85 3.360 1.652.Long term secured loans 2.104 0 319.210.Key Performance Indicators 1.505.246 121.129.Return of equity (F7 as % of avg.Ordinary Shares ii).Short term investments 5.270 0 776.208 26.893.386 0 372.128.56 0.Selling & distribution expenses ii).097 200.416 0 886.181.593.45 5.045 2.146 734.Current ratio (B to C) 6.47 412.34 89.445 832.26 7.09 - - - - 174.Cost of sales i).831 3.72 5.096 5.251 140.064 0.838.214.88 307.739 25.22 0.214.212 7.Return on capital employed ( F7 as % of avg.831 0 5.491 1.213 0 8.043 6.834 467.Financial expenses of which: (i) Interest expenses 7.148 395.Total amount of dividend 10.448 9.491 200.194 439.023.926.Total value of bonus shares issued 11.290.618.270.Shareholders Equity (E1+E2+E3) 1.Return on assets [F7 as % of avg.653 1.151 632.Operating cash flow to debt ratio [F11 to (C+D)] 16.00 16.390.79 1.57 10.234 1.Gross Profit 4.155 3.Tax provision (current year) 9.524.11 8.75 1.233.193 4.182 3.745 41.928 200.044 200.85 0.753.33 0.110 8.78 9.827 208.852 3.902 - - - - 381.831 0 8.Trade Debt 4.92 4.598 557.597 0 0 670.759.501 24.923 427.657 669.634 2.451 255.39 0.452 4.43 1.875 100.443 934.831 8.381 1.189 3.021.441 9.332 281.283.691 1.Long term investments 7.617 934.921.860.518 748.Administrative and other expenses 5. Subscribed & Paid up capital i).125 0 263.423 4.472.82 13.213 0 0 5.90 2.256 33.831 0 5.00 10.175.947 959.974 213.211 7.21 90.Salaries./share) (E/No.421 5.683 G.982.Local sales (Net) ii).37 3.831 0 2.993 200.Dividend cover ratio [(F7-F8) to F9] 12.649 1.Revenue Reserve 3.05 1.160 4.19 7.187 3.489 334.329 - - - - 702.199 184.Depreciation for the year 5.200 866.Current Assets (B1+B2+B3+B4+B5) 1.208 143.638.441 0 310.699 1.660 3.508 934.634.72 .Short term Secured loans 2.Financial Statement Analysis of Non Financial Sector 2010 Sapphire Textile Mills Ltd.Other non-current assets B.312 53.353 835.318.294.Capital Reserve ii).Operating fixed assets at cost 3.35 3.999.445 0 0 0 0 0 0 0 0 - - - - 1.027 557.Issued.617 1.946 - - - - 5.241.336 577.075.984.125 0 1.914 6.Capital work in progress 2.982.751.639 4.075.129.831 6.297.51 5.250.502 8.735 1.680.177.333. wages and employee benefits 6.889 3.94 155.Contractual Liabilities (G2+C1) H.740 1.74 7.011 8.126./share) [(F7-F8)/No.673 41.105.327.Miscellaneous 1.151 87.99 0.Cash flows from operations - - - - 99.710 64.778.413 133.34 193.38 277.037 200.Cost of material ii).467 2.388 1.Debt equity ratio [(C+D) to E] 8.815 0 255.831 200. of Ord.15 9.653 931.474 2.

915 262.16 9.393 327.208 1.Net profit margin (F7 as % of F1) 15.19 0.Tax provision (current year) 9.524 1.13 -6.90 21.471 56.43 0.070.001.126 135.277 0 0 0 0 - - - - 0 190 0 259 263.886.Operation: 1.76 -6.160 1.079 310.Local sales (Net) ii).316 0 43.03 1.311.Inventory Turnover Ratio (F1 to B2) 13.547.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 747.13 4.530 821.530 220.104 602.06 -0.50 - - - - 16.36 4. E) 10.Long term unsecured loans 3.36 1.499 347.860 38.000 0 (347.Acid test or quick ratio[(B1+B3+B4) to C] 2.Capital Reserve ii).640 312.000 676.01 -4.43 4.61 15.80 7.386.280.322 997.43 5.957 496.717 0 (59.328 1.03 2.505. shares] 17.555 56.682 629 994 1.Net profit before tax 8.296 0 50.82 0.981 717.281 43.528 0 0 - - - - 116.46 -19.052 312.Short term investments 5.412 323.297 39.612 4.600 0 243.Cash & bank balance 2.Inventories 3.338 0 87.36 98.691 130.928.883 54.Cash flows from operations - - - - 28.74 91.Cost of material ii).104 356.Debt equity ratio [(C+D) to E] 8.692 150.Current Liabilities (C1+C2) 1.Current ratio (B to C) 6.180 442.889 191.000 0 (220.75 1.Dividend cover ratio [(F7-F8) to F9] 12.Financial Statement Analysis of Non Financial Sector 2010 Sargodha Spinning Mills Ltd.417 260.447 0 48.098.628 35.487 196.831 1.22 -9.Other current assets C.383 162.90 12.289 77.000 0 159.69 10.623) 4./share) [(F7-F8)/No.687 186.572.848 1.689 798.363 245 1.Total value of bonus shares issued 11.40 2.Short term Secured loans 2.00 -2.281 7.538 57.247 1.20 0.480 53.Current Assets (B1+B2+B3+B4+B5) 1.Other non-current assets B.04 5.Other non-current liabilities E.888 655.000 471.557 31.402.Miscellaneous 1.309.00 1.791 1.211 747.694 70.07 1.218 104.969 312.000 551.980 312.000 0 115.31 12.852 76.923 - - - - 48.610 95.233 - - - - 1.634 5.324 15.360 477.845 0 0 (51.387 478.98 0.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.58 4.048.Cost of goods sold to sales (F2 as % of F1) 7.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Contractual Liabilities (G2+C1) H.Key Performance Indicators 1.10 1. Subscribed & Paid up capital i).105 917.249 F.638.791 204.053 - - - - 92.11 16.35 0.Administrative and other expenses 5.615 1.094.568) 6.Non-Current Assets (A1+A3+A5+A6+A7) 1.000 670.69 .162 56.Earning per share after tax (Rs.Shareholders Equity (E1+E2+E3) 1.975 245.383 0 1.572 143.96 0.Issued.876 540 53.Return on assets [F7 as % of avg. of Ord.735 193.335 107.Financial expenses of which: (i) Interest expenses 7.98 10.981 429.86 13.Employees benefit obligations 5.092 227.25 0.867 887.963 469.644 0 30.40 13.563 292.890 38.General.000 312.297 63.492 272.87 -7.981 215.807 173.730 186.791 269.22 2.042.Cost of sales i).695 2.Total amount of dividend 10.Capital work in progress 2.55 7.833 63.000 0 69.159 0 0 (83.897.81 89.253 332.053 1.777 63.202) 227.45 1.692 56.51 1.254 529 54.35 1.Long term investments 7.76 10.073 225.610 35.684 1.09 0.720 579. wages and employee benefits 6.710 283.Return of equity (F7 as % of avg.890 798.138 289.674) 7.331 149.458.28 0.Preference shares 2.052 485.736 - - - - 312.349.453 185.093 1.Retention in business (F7-F8-F9) 4.66 - - - - 4.Debentures/TFCs 4.43 1.489 3.Assets turnover ratio [F1 to (A+B)] 5.966 37.310 1.736 312.13 4.365 329./share) (E/No.056 15.58 -12.50 1.Operating fixed assets at cost 3.01 7.123 879.831 985.104 491.57 95.Break-up value shares (Rs.379) 586.060 1.494 1.00 0.15 0.Total fixed liabilities (D1+D3) 3.041.969 312. G1) 11.55 97.748 344.430.668) 312.Gross Profit 4. shares) 135 - - - - - 5.54 0.413) 196.51 -20.Revenue Reserve 3.468 185.906 1.431 0 (90.437.805 0 0 57.807 225.Operating cash flow to debt ratio [F11 to (C+D)] 16.Selling & distribution expenses ii).Trade Debt as % of sales (B3 as % of F1) 4.868 312.644 427.69 -8.618 59.700 1.360 744.606) 424.00 -1.Salaries.327 294.336 245.069 15.Ordinary Shares ii).051 204.687 (128.531 1.74 84.723 60.508 63.Total capital employed (E+D) 2.990 149.347 850 60.175 1.336 118.04 -4.008 1.37 3. of Ord.640 312.909 0. Items A.Other current liabilities D.70 6.14 -15.883 821.51 1.862 - - - - 162.119 73.668) 0 (347.218 0 0 0 0 0 0 0 0 - - - - 227.103 199.Long term secured loans 2.697 53.604 3.000 0 364.85 21.429 1.980 312.112 1.141 942.957 881.Sales i).73 8.872 216.23 0.181 28.515 28.72 4. administrative and other expenses i).24 2.923 1.000 381.Export Sales (Net) 2.890 G.364 48.208 62.986 92.12 17.06 0.Reserves i).00 0.45 0.66 0.87 1.694 1.Intangible assets 6.(A+B)] 9.411 227.23 -3.Return on capital employed ( F7 as % of avg.555 68.Depreciation for the year 5.981 0 30.205 (123.899.199 809.Operating fixed assets after deducting accumulated depreciation 4.782 977.Financial expenses as % of sales (F6 as % of F1) 3.094.379) 0 (220.58 22.18 -9.Other input cost 3.78 7.00 1.983 0 0 8.122 310.494 58.580 15.327 220.93 7.08 4.953 1.182.13 1.Trade Debt 4.

976 - - - - 546.009 181.958 170.547 14.02 7.489 289.994) 0 (81.289 411.91 86.Current Assets (B1+B2+B3+B4+B5) 1.29 4.Financial expenses of which: (i) Interest expenses 7.522 0 403.Capital Reserve ii).887 235.108 291.(A+B)] 9.74 1.389 6.151 0 0 10.680 15.903 37.Local sales (Net) ii).761 14.685 - - - - 30.00 -174.Tax provision (current year) 9.Other current assets C.631 7.853 0 0 6.539 15.151 2.272 77.349 3.581 716.79 3.750 0 (11.994) 25.39 2.077 16.211) - - - - 132.082 160.Operating fixed assets at cost 3.253 0 0 - - - - 56.873) 132.988 0 117.21 8.Key Performance Indicators 1.750 26.Financial Statement Analysis of Non Financial Sector 2010 Saritow Spinning Mills Ltd.870 17.60 0.750 121.082 3.899 1.489 0 258.630 0 11.442 3.45 16.40 6.450 (26.120 99.562 167.069 54.762 359.910 411.297 126. E) 10.278 216.069 (26.086 242.686 111.93 5.447 97 108.Total fixed liabilities (D1+D3) 3.522 464.64 2. Subscribed & Paid up capital i).Total value of bonus shares issued 11.072 31.088 2.350 13.617 0 (2.44 4.679 6.063) 154.78 1.97 2.978 132.616 3.215 49.Issued.598 243.71 0.41 20.640 38.467 0 0 0 0 - - - - 0 0 0 0 233.63 0.Debentures/TFCs 4.755 0 50. shares] 17.Net profit before tax 8. G1) 11.733 10.583 0 0 79.Return on capital employed ( F7 as % of avg.548 0 8./share) (E/No.Depreciation for the year 5.974 174.108 12.24 2.658 191.Current ratio (B to C) 6.734 132.257 318.04 7.95 3.188 202.76 6.01 6.03 7.90 89.Cost of material ii).307 141.Current Liabilities (C1+C2) 1.481 3.347 0 0 0 0 90.91 86.222 289.644 358.653 1.107 9.03 2.71 0.296) 132.088 472.01 10.00 0.Debt equity ratio [(C+D) to E] 8.Intangible assets 6.241 34.Long term unsecured loans 3.44 -5.53 0.349 54.68 1. wages and employee benefits 6.98 0.Acid test or quick ratio[(B1+B3+B4) to C] 2.000 108.392 208.552 0 39.Cash & bank balance 2.405 0 726.783 162.Total amount of dividend 10.553 17.39 6. shares) 136 - - - - - - 2.14 23.Revenue Reserve 3.38 0.17 -2. Items A.06 5.Short term investments 5.11 0.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 242.347 60.Trade Debt as % of sales (B3 as % of F1) 4.Contractual Liabilities (G2+C1) H.Long term investments 7.296) 0 (131.465 109.304 553.547 53.16 .Reserves i).27 3.28 - - - - 4.71 1.467 148.877 132.750 132.Preference shares 2.383 356.371 - - - - 76.176 39.193 - - - - 13.750 0 (42.Cash flows from operations - - - - 9.315.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.101 40.704 132.61 0.69 0.492 1.79 81.750 88.Other current liabilities D.33 0.19 4.970 60.Administrative and other expenses 5.944 73.00 0.Return on assets [F7 as % of avg.868 48.Return of equity (F7 as % of avg.710 73.26 1.750 82.738 G.90 1.177 102.555 0 388.263 167.894 17.87 86.80 94.91 0.General. of Ord.Non-Current Assets (A1+A3+A5+A6+A7) 1.588 156.966) 224.Gross Profit 4.29 2.Total capital employed (E+D) 2.Operation: 1.83 0. of Ord.Export Sales (Net) 2.180 39.579 9.52 9.56 0.470 0 189.974 129.280 59.983 450.581 0 587.01 - - - - 8.66 8.Operating fixed assets after deducting accumulated depreciation 4.911 76.200 49.750 0 (44. administrative and other expenses i).76 0.Salaries.77 0.966) 0 0 0 93.711 F.969 89.193 472.68 0.740 165.477 0 0 8.558 0 690.656 262.516 2.Ordinary Shares ii).647 397.944 132./share) [(F7-F8)/No.02 0.69 91.251 349.634 6.71 0.286 12.750 0 (81.750 0 (49.279 214.528 464.Selling & distribution expenses ii).970 15.656 154.Break-up value shares (Rs.97 6.98 0.Employees benefit obligations 5.075 0.300 111.Shareholders Equity (E1+E2+E3) 1.Sales i).668 14.668 341.046) 132.Miscellaneous 1.520 12.Financial expenses as % of sales (F6 as % of F1) 3.255 329.434 162.Long term secured loans 2.88 6.62 9.Capital work in progress 2.05 2.728 185.Cost of goods sold to sales (F2 as % of F1) 7.657 0 100.258 258.93 15.972 0 5.467 362.72 0.58 8.Operating cash flow to debt ratio [F11 to (C+D)] 16.539 132.00 0.289 0 357.286 243.750 109.321.76 10.Cost of sales i).546 66.31 0.165 303.Short term Secured loans 2.510 17.Net profit margin (F7 as % of F1) 15.658 409.Earning per share after tax (Rs.37 -10.10 3.268 255.107 24.555 450.535 269.683 633.Other non-current liabilities E.71 0.783 64.823 716.088 0 431.806) 132.187 1.Inventories 3.77 0.56 0.647 199.403 291.077 338.Retention in business (F7-F8-F9) 4.298 170.009 9.53 2.13 3.58 1.Trade Debt 4.255 240.602 188.686 227.656 332.Other input cost 3.Assets turnover ratio [F1 to (A+B)] 5.59 2.73 11.082 228.63 -36.Inventory Turnover Ratio (F1 to B2) 13.34 -4.Dividend cover ratio [(F7-F8) to F9] 12.671 99 0 111.107 235.01 1.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.855 0 90.766 154.330 25.580 570.Other non-current assets B.277 237.510 61.268 108.740 141.750 0 (131.855 0 - - - - 126.

Non-Current Assets (A1+A3+A5+A6+A7) 1.381) 221.515 0 79.548 0 (391.08 -5.Salaries.833) 157.00 0. shares) -48. Items A.Total amount of dividend 10.Cost of goods sold to sales (F2 as % of F1) 7.733 0 0 0 0 0 0 0 0 437.Cash flows from operations - - - - 26.Cost of sales i).(A+B)] 9.Break-up value shares (Rs.05 0.776 0 1.62 -5.00 0.381) 0 (379.Capital Reserve ii).05 - - - - - - - 0.03 13. E) 10.08 -14.07 0.00 0.00 -0.247 (221.Administrative and other expenses 5.Operating cash flow to debt ratio [F11 to (C+D)] 16.224 0 0 0 12.Key Performance Indicators 1.548 0 (379.Inventory Turnover Ratio (F1 to B2) 13.126 178./share) (E/No.548 (221.00 0.247 221.01 -14.00 -282.23 -1.309 0 0 0 0 - - - - 725.07 0.948) 157.Tax provision (current year) 9.05 0.099) 157.Debentures/TFCs 4.Net profit margin (F7 as % of F1) 15.Total capital employed (E+D) 2. wages and employee benefits 6.Net profit before tax 8.122 142.Local sales (Net) ii).00 -376.76 -25.548 0 (557.01 -14.Retention in business (F7-F8-F9) 4.122 0 221.Total fixed liabilities (D1+D3) 3.873 142.Operation: 1.364 3.034 98.01 0.484 340.70 -14.Total value of bonus shares issued 11.054 0 0 0 0 0 0 420.00 0.548 157.Short term Secured loans 2.00 19.70 -2.Capital work in progress 2.Current Liabilities (C1+C2) 1.619 271.Gross Profit 4.397 0.Long term secured loans 2.Cash & bank balance 2.00 0.206 0 0 0 0 0 0 0 0 0 0 0 0 - - - - (50.737 102 46 40 39 39 0 5.53 26.Selling & distribution expenses ii).Other non-current liabilities E.Revenue Reserve 3.40 137 - - - - - -1.12 122.65 0.00 - - - - 30.Other non-current assets B.359 130.General.987 0 0 0 0 0 0 0 0 0 0 39.Operating fixed assets after deducting accumulated depreciation 4.18 -22.833) 0 (110) 142.00 -0.00 -6.00 0.548 0 (378.034 130.750) 157.00 -0.Depreciation for the year 5.548 (221.Preference shares 2.Contractual Liabilities (G2+C1) H.548 0 (379.548 (221.159 434.06 0.397 106.11 -1. administrative and other expenses i).985 9.Intangible assets 6.283 185 169 102 G.Other current assets C. G1) 11.55 -308.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Short term investments 5.723) 157.475 0 - - - - 0 0 0 0 0 0 0 0 0 0 0 0 0 0 - - - - 434.400) 0 10.Dividend cover ratio [(F7-F8) to F9] 12.877 221.480 (400.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 420.309 0 0 0 0 0 0 0 0 0 0 0 0 0 - - - - 0 0 0 0 51.00 - - - - - 0.Operating fixed assets at cost 3.436 572 0 60 - - - - (106.Other current liabilities D.87 0.Issued.484 0 0 142.480 79.817 0 0 (162) 0 0 0 - - - - 0 93 91 (161) 0 0 0 (1) 34.Financial expenses of which: (i) Interest expenses 7.854 368.Export Sales (Net) 2.647) 157.082) 0 (162) 0 (221.00 -0.01 -14.Long term investments 7.271) 157.172) 26.07 0.11 -1.Return on assets [F7 as % of avg.204 0 79.Shareholders Equity (E1+E2+E3) 1.Return on capital employed ( F7 as % of avg.242 79. of Ord.00 0.877 (221.822 46 40 0 39 0 39 5.59 0.00 0.00 0.333 27.034 46.Financial expenses as % of sales (F6 as % of F1) 3.456 0 212.202) 157.548 (234.271) 0 (379.47 0.802 1.77 .Earning per share after tax (Rs.00 0.Cost of material ii).Sales i).202) 0 1.00 0.432) 330.57 0.Acid test or quick ratio[(B1+B3+B4) to C] 2.Current Assets (B1+B2+B3+B4+B5) 1.Trade Debt 4.446 9.Current ratio (B to C) 6.Ordinary Shares ii).242 (79.70 2.Employees benefit obligations 5.Return of equity (F7 as % of avg.Inventories 3.400) 157.385 0 (106.110) - - - - 157.562) 157.548 0 (379.06 0.74 0.854 (234.Trade Debt as % of sales (B3 as % of F1) 4.763 142.00 -407.Assets turnover ratio [F1 to (A+B)] 5./share) [(F7-F8)/No.62 -1.05 0.229) 203 0 0 1.94 0.39 -1. of Ord.00 0. Subscribed & Paid up capital i).Debt equity ratio [(C+D) to E] 8.40 -0.Long term unsecured loans 3.723) 0 (161) 142.Financial Statement Analysis of Non Financial Sector 2010 Service Fabrics Ltd.Miscellaneous 1.436 0 572 0 0 0 60 0 0 0 0 0 0 0 0 0 68 0 68 0 0 0 0 0 0 0 110 0 110 0 0 0 (110) 0 0 0 (150) F.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.08 0.548 (221.224 27.00 0.013 330. shares] 17.851 1.415 122.Reserves i).Other input cost 3.

492 (38.60 -2.Current Liabilities (C1+C2) 1.00 0.00 10.077 (36.801 20.00 0.Cost of sales i).197) 1.86 421.302 12.838) 78.860 242.905 296.869 0 339.Issued.General.492 44.237 187.(A+B)] 9.035) 0 (73.392 0 0 0 0 - - - - 0 0 0 0 54.Total amount of dividend 10.640 0 128.228 0 0 (36.645) 123. administrative and other expenses i). of Ord.789 245.Capital work in progress 2.88 0.Trade Debt 4.Salaries.372 0 0 (71.452 1.267 288.859 43.350) 12.425 158.203 13.52 -15.886 21.010 244.01 0.027 173.873 36.930 F.801 176.011 4.849 192.317 1.682 224.Operating fixed assets after deducting accumulated depreciation 4.Short term Secured loans 2.02 0.Local sales (Net) ii).125) 193.346) 44.46 -42.384 0 5.69 14.308 94.00 -8.99 -15.701 13.026 176.491 44.Return of equity (F7 as % of avg.Current Assets (B1+B2+B3+B4+B5) 1.Retention in business (F7-F8-F9) 4.885 370.701 116.492 (180. Items A.849 0 198.292 270.Operation: 1.71 0.10 73.688 21.355 0 (19.56 0. Subscribed & Paid up capital i).77 0.Shareholders Equity (E1+E2+E3) 1.319) 38.573 (41.302 224.Non-Current Assets (A1+A3+A5+A6+A7) 1.Reserves i).Intangible assets 6.321 200.87 -8.49 0.687 1.Financial expenses as % of sales (F6 as % of F1) 3.491 0 (83.560 0 17.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.379 160.594) 134.837 0 257.83 0.702 31.Contractual Liabilities (G2+C1) H.18 35.51 0.254 274.828 0 0 4.965 0 4./share) [(F7-F8)/No.42 -19.04 103.78 0.391 506 8.074 47.Debentures/TFCs 4.103 193.152 (36.250 (303.Return on assets [F7 as % of avg.261 1.439 274.Long term secured loans 2.397 0 0 18. shares] 17.Export Sales (Net) 2.Cost of material ii).18 91.976 29.859 137.990 36.53 - - - - -5.27 0.Employees benefit obligations 5.474 0 3.789 282.719) 39.587 (157.25 0.99 0.183 169.592 303.85 0.08 5.601 18.93 -5.953 128.00 1.Earning per share after tax (Rs.Ordinary Shares ii).379 14.Debt equity ratio [(C+D) to E] 8.681) 964 0 15.515 525 9.Operating cash flow to debt ratio [F11 to (C+D)] 16.Other non-current liabilities E.15 1.569) 44.020 405.897) 1.27 0. E) 10.Long term unsecured loans 3.Key Performance Indicators 1.678 13.00 0.860 0 249.492 (188.415 34.Administrative and other expenses 5.Assets turnover ratio [F1 to (A+B)] 5.44 -35.859 35.Other current liabilities D.678 (5.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Break-up value shares (Rs.492 0 (253.270 10.Operating fixed assets at cost 3.195 (147.077 192.17 5.11 -0.492 69.Total capital employed (E+D) 2.412 - - - - 31.400 409 1.31 0.466 91.073 318.Total value of bonus shares issued 11.Financial expenses of which: (i) Interest expenses 7.659 0 4.80 1.Other current assets C.444 0 0 1.98 -9.Return on capital employed ( F7 as % of avg.492 0 (265.705) 168.859 10.518 2.00 -16.25 -40.316 20.03 0.95 0.261 139.479 0 3.886 200.90 0.958 151.Gross Profit 4.Acid test or quick ratio[(B1+B3+B4) to C] 2.137 1.898 494 2./share) (E/No.280 24.803 (30.312) - - - - 44.512 0 315.995 136.388 270.Capital Reserve ii).98 3.39 -2.31 0.855 1.777 - - - - 0 0 0 0 - - - - 91.00 -19.Other input cost 3.Inventories 3.270 226.19 98.267 10.14 6.232 224.00 0.780 10.071 0 128.332 99.Selling & distribution expenses ii).652 0 45.00 -4.49 -8.346 78.Other non-current assets B.323 (60.01 7.Total fixed liabilities (D1+D3) 3.73 -26.598 286.323) 9.28 0.636 245.441) 15.17 112.469) 38.41 5.Trade Debt as % of sales (B3 as % of F1) 4.492 0 (233.609 1.41 0.355 19.17 100.Sales i).14 0.38 150.746) 0 (37.01 10.00 3.705) 0 0 0 (36.492 0 (202.Miscellaneous 1.07 -0.897) 44.753 - - - - 3.Revenue Reserve 3.405 (6.Financial Statement Analysis of Non Financial Sector 2010 Service Industries Textiles Ltd.077 36.964 72.Short term investments 5.282 13.471) 50.219 0.904) 13.573 123. shares) 138 - - - - - - 6.10 -34.Cost of goods sold to sales (F2 as % of F1) 7.820) 44.740 - - - - (18.Tax provision (current year) 9.44 .11 1.15 102.938 26.905 0 67.740 242.627) 0 17.970 - - - - 334.037 201. G1) 11.250 (291.512 318.098 403.Cash flows from operations - - - - 11.Current ratio (B to C) 6.64 29.807 24.608) 44.622 20.Long term investments 7. of Ord.111 52.439 0 275.869 370.40 -9.431 580 437.Net profit before tax 8.492 0 (85.835) 44.00 9.06 -46.74 -29.258 11.Preference shares 2.93 19.Cash & bank balance 2.636 0 276.195 420.993 278.310 164.323 247.096 44.857 51.592 (25.181 28.Dividend cover ratio [(F7-F8) to F9] 12.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 282.812 123.990 0 2.100) 44.14 -5.29 6.778 79.634 12.47 28.058 134.18 83.388) 44.265 370 12.477 187.Net profit margin (F7 as % of F1) 15. wages and employee benefits 6.23 15.00 3.00 0.074 2.803 15.Inventory Turnover Ratio (F1 to B2) 13.10 -8.65 34.992 90.Depreciation for the year 5.06 -1.94 21.82 - - - - 10.140 G.34 0.634 (1.

Cash & bank balance 2.21 0.913 200.27 1.General.Trade Debt as % of sales (B3 as % of F1) 4.Earning per share after tax (Rs.17 4.55 2.83 -20.Contractual Liabilities (G2+C1) H.Other non-current liabilities E.Revenue Reserve 3.000 0 85.589 0 0 0 0 0 0 0 0 - - - - 94.675 654.Financial expenses of which: (i) Interest expenses 7.Net profit margin (F7 as % of F1) 15.55 1.514 0 513.Intangible assets 6.Depreciation for the year 5.Non-Current Assets (A1+A3+A5+A6+A7) 1.60 92.25 43.36 0.965 94.807 467.Operating fixed assets after deducting accumulated depreciation 4.Short term investments 5.57 -0.000 0 109.72 - - - - 10. Items A.903 868.Reserves i).12 -0.315 1.477 27.256 72.12 1.61 1.876 0 6.819 123.607 141.009 294.720 116.413 F.Return of equity (F7 as % of avg.782 24.44 3.000 0 101.514 563.Net profit before tax 8.447 31.Gross Profit 4.788 72.Current Liabilities (C1+C2) 1.728 0 28.551 77.Issued.345 0 0 - - - - 86.880 310.876 80.722 281.101 35.989 22.380 871.50 37.000 0 82.84 4.Selling & distribution expenses ii).246.290 43.16 24.09 4.77 16.881 30.Miscellaneous 1.000 30.334 115.Return on assets [F7 as % of avg.Trade Debt 4.880 20.757 0 (7.Total value of bonus shares issued 11.860 76.525 0 29.Preference shares 2.00 9.315 0 23.923 - - - - 74.622 32.217 3.681 115.739 701.190 210.80 41.672 608.Cost of sales i).78 2.656 1.Debentures/TFCs 4.468 50.607 52.Cash flows from operations - - - - 14.000 0 34.277 0 27.881 - - - - 30.Total amount of dividend 10.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 197.487 4.23 139 - - - 10.179 120.954 22.939 - - - - 50.568 801.Assets turnover ratio [F1 to (A+B)] 5.57 4.47 6.893) 269.Break-up value shares (Rs.Financial expenses as % of sales (F6 as % of F1) 3.16 2.Other input cost 3.765 2.367 684.Current Assets (B1+B2+B3+B4+B5) 1.215 26.464 0 23.883 512.615 78.512 21.152 0 0 563.962 148.26 70.505 0 (312) 77.042 171.Non-Current Liabilities (D1+D2+D3+D4+D5) 1. E) 10.000 83.56 0.Long term investments 7.Short term Secured loans 2.620 30.25 0.928 868.559 21.37 0.184 254.030 6.000 111.849 30.064 4.925 29.59 0. administrative and other expenses i).Acid test or quick ratio[(B1+B3+B4) to C] 2.904 (41.09 23.291 165.120 684.468 22.27 0.489 1.119 118.331 67.51 1.589 66.032 - - - - 346.126 68.Inventories 3.000 112.96 27.615 849.212 195.331 287.720 2.Total capital employed (E+D) 2.12 2.05 -13.Retention in business (F7-F8-F9) 4.364 251.Dividend cover ratio [(F7-F8) to F9] 12.024 44.Inventory Turnover Ratio (F1 to B2) 13.096 1.603 197.95 3.708 23. of Ord.212 45.05 89.42 7.91 12.367 0 612.10 37.708 30.29 -42.285 3.25 10.270 50.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.00 -2.447 269.80 2.728 0 90.246.72 1./share) [(F7-F8)/No.147) 4.579 71.Total fixed liabilities (D1+D3) 3.000 131.676 310.Other current liabilities D.654 42.91 0.884 245.821 26.849 30.707 30.81 94.62 0.52 0.14 23.62 23.420 68.(A+B)] 9.510 0 51./share) (E/No.141 274.89 0.346 20.633 0 534.315 42.836 21.05 46.382 240.116 62.79 0. Subscribed & Paid up capital i).056 446.06 1.03 8.Other non-current assets B.550 3.Ordinary Shares ii).152 0 101.233 267.27 -9.99 2.075 40.00 7.70 1.22 3.75 38.620 30.067 141.000 139.46 0.381 90.81 1.492) 120.Other current assets C.103 28.745 226.06 3.87 - - - - 4.Capital work in progress 2.394 14.667 135.529 0 0 (3.280 2.317) 0 32.152 30.02 2.Tax provision (current year) 9.257 0 0 0 0 - - - - 0 0 0 0 129.24 19.406 90.066 94.000 1.61 13.343 874.Operation: 1.Cost of material ii).650 27.748 768 1. G1) 11.394 3.Debt equity ratio [(C+D) to E] 8.62 97.632 108.01 -4.402 127.855 705.314 156.77 6.464 0 0 30.093 778 22.821 287.627 274.Operating cash flow to debt ratio [F11 to (C+D)] 16.13 3.904 40.74 0.35 0.867) 26 0 0 17.00 -0.798 94.Sales i).252 74.80 -1.141 14.82 87.203 81.620 0 53.Administrative and other expenses 5.93 2.Financial Statement Analysis of Non Financial Sector 2010 Shadab Textile Mills Ltd.325 13.262 217 524.095.613 0.888 133.798 133.343 - - - - 25.291 275.83 8.55 1.Key Performance Indicators 1.708 30.46 0.Export Sales (Net) 2.884 215.284 (41.Shareholders Equity (E1+E2+E3) 1.127 G.73 -2.29 .890 240.060 150.979 0 (42.61 1.615 135.928 0 817.444 186.000 0 53.270 21.64 5.11 91.10 0.997 3.Salaries. of Ord.Capital Reserve ii).77 9.Long term unsecured loans 3.Current ratio (B to C) 6.402 67.Operating fixed assets at cost 3.784 1.000 0 81.82 7. shares) 8.Long term secured loans 2.579 21.235 173. wages and employee benefits 6. shares] 17.314 248.Cost of goods sold to sales (F2 as % of F1) 7.750 0 3.508 294.Employees benefit obligations 5.000 0 1.Return on capital employed ( F7 as % of avg.99 0.722 142.707 30.432 29.Local sales (Net) ii).

348 0 9.Debt equity ratio [(C+D) to E] 8.268.102 232.Ordinary Shares ii).158 3.530.292.00 93.114 0 56.79 - - - - 75.12 21.634 440.248 397.070.Long term secured loans 2.151 87.367 0 269.219 (25.098 - - - - 137.739 0 (89.844 19.367 701.170 713.523 295.586.22 5.59 12.651.40 5.367 176.Financial expenses as % of sales (F6 as % of F1) 3.Long term investments 7.662 191.348.124 176.74 94.960) 1.520 251.Shareholders Equity (E1+E2+E3) 1.231.968 2.385 66.31 0.609 176.776 303.486 161.Trade Debt 4.Key Performance Indicators 1.109 1.547 3.Export Sales (Net) 2.966 741.25 6.111) 6.Depreciation for the year 5.117 823.394 855.17 25.081.63 -47.45 0.692 1.83 2.007 0 0 0 0 - - - - 0 0 0 0 1.012.18 0.654 100.235 901.833.50 2.99 1.787 626.830 21.905) 1.85 0.704 1.827 606.Financial Statement Analysis of Non Financial Sector 2010 Shadman Cotton Mills Ltd.16 9.628.04 5.269 466.316 1.954 1.410 176.Total amount of dividend 10.938) 176.70 1.00 0./share) (E/No.504) 14.524 1.735.788 538.16 12.68 5.450 63.326 30.673 12.796 2.692 0 189.680 691. of Ord.414 1.966 1.939 135.Assets turnover ratio [F1 to (A+B)] 5.571 295.Employees benefit obligations 5.38 3.80 91.21 39. E) 10.744 99.202 1.158 - - - - 17.305 7.367 208.242 0 - - - - 459.762 G.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Cost of material ii).089 - - - - 176.Acid test or quick ratio[(B1+B3+B4) to C] 2.25 3.436 1.Other current assets C.201 2.089.771.367 0 269.258 596.032) 960.15 0.Reserves i).Revenue Reserve 3.08 16.543 905.64 -7.654 0 0 0 0 58.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.126 176.286 0 (73.205 0 154.481 2.Miscellaneous 1.607 309.100 0 (3.509 212.Retention in business (F7-F8-F9) 4.625 20.Earning per share after tax (Rs.05 0.502 142.10 -11.970.39 0.491 176.904 2.Inventories 3.19 -5.584 94./share) [(F7-F8)/No.304 45.24 -9.Short term investments 5.584 961.826 0.155 0 0 (59.139 10.57 8.Selling & distribution expenses ii).643 7.24 0.498. Subscribed & Paid up capital i).197 961.227 2.18 -21. Items A.Sales i).960 497.367 445.011 (188.61 0.760 974.367 581.Total fixed liabilities (D1+D3) 3.607 322.Preference shares 2.606 1.830 332.077.367 0 106.640.Cash flows from operations - - - - 46.722 0 175.703 46.072 1.Net profit before tax 8.13 5.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 901.484 326.570 71.408 459.387 61.172 113.818 0 351.501 1.812.28 0.02 -2.097.01 1.Operating fixed assets at cost 3.523.860 1.23 0.505 399.367 0 27.566.Other non-current assets B.575 - - - - 251.261 445.158 79.479 1.450 974.805 38.864 71.73 3.509 61.358 89. administrative and other expenses i).79 0.141.30 0.Break-up value shares (Rs.719) 53.705 0 0 (77.69 95.183 0 75.950 1.Non-Current Assets (A1+A3+A5+A6+A7) 1.537.91 0.468 1.459 0 98.156 157.595 249.358 1.456 176.488.19 0.067 916.Financial expenses of which: (i) Interest expenses 7.Capital Reserve ii).127 309.224 963.13 0.367 0 32.59 1.120 25.152 2. G1) 11.26 -3.Short term Secured loans 2.194.221 1.Operating cash flow to debt ratio [F11 to (C+D)] 16.77 10.90 4.42 9.70 -2.315 247.445 161.904.Cost of sales i).06 1.623.392 232.389.Total capital employed (E+D) 2.217 5.Dividend cover ratio [(F7-F8) to F9] 12.82 .62 -21.704.Intangible assets 6.69 88.Net profit margin (F7 as % of F1) 15.27 -11.177.General.(A+B)] 9.141 207.52 25.782 4.Total value of bonus shares issued 11.Other non-current liabilities E.Inventory Turnover Ratio (F1 to B2) 13.954 1.367 282.374 963.248 372.090 4.021 1.251.Administrative and other expenses 5.155.Gross Profit 4.674 0 171.00 -5.418 205.61 1.Operating fixed assets after deducting accumulated depreciation 4.257 2.598 8.610.04 0.24 4.Contractual Liabilities (G2+C1) H.411 556.Capital work in progress 2.120.594.88 8.477.247 2.634 2.Tax provision (current year) 9.78 94.241 3. shares] 17.46 -4.247.76 4.114 253.Current ratio (B to C) 6.774 0 0 9.93 0.985 1.078.06 12.464. shares) 140 - - - - - 2.Return on capital employed ( F7 as % of avg.930 115.Operation: 1.657.50 3.Cash & bank balance 2. wages and employee benefits 6.Current Liabilities (C1+C2) 1.031 397.00 -4.827 1.864 169.288 99.911 399.849 0 0 212.853 18.Long term unsecured loans 3.Other input cost 3.072 591.628 907.215.221 2.83 12.833 581.18 7.Local sales (Net) ii).579.404) 12.382 479.773 3.777 176.587 45.391 142.559) 909.454 685.152 907.19 11.251.Return on assets [F7 as % of avg.746 84.677 1.66 0.340 - - - - 1.31 0.246.310 1.702 185.119 F.Debentures/TFCs 4.571 181.904 450.823 53.668 2.396) 501.101.648 144.493 176.Current Assets (B1+B2+B3+B4+B5) 1.01 3.367 0 (96.19 6.954 909.374 272.512 1.628 88.17 1.251.744 (194.47 7.94 -24. of Ord.012 1.Trade Debt as % of sales (B3 as % of F1) 4.502 66.998 8.00 -0.401 0 0 - - - - 234.11 2.848 1.852 276.350 14.413 1.15 5.747.Cost of goods sold to sales (F2 as % of F1) 7.Issued.714 176.Return of equity (F7 as % of avg.Other current liabilities D.847.913 12.219 (149.30 3.05 32.272 908.20 1.65 0.Salaries.98 - - - - 0.595 960.

600 0 11.755 439.091 210.874 G.17 3.652 84.Revenue Reserve 3.316 311.30 0.139 27.985 224 991.069 50.62 -15.05 5.99 0.784) 132.724 31.31 -1.247 85. E) 10.77 91.497 2.69 0.880 28.81 1.573 20.926 993.179 32.539 256. G1) 11.081 58.Inventories 3.548 143.26 -3.748) 0 (220.600 245.Preference shares 2.610 0 (1.292 334.532 48./share) [(F7-F8)/No.Debentures/TFCs 4.070 189.448 11.784) 132.907 41.086 11.141 0 0 70.804 101.829 27.127 83.405 68.94 -13.Other input cost 3.39 -49.Operation: 1.867 3.Other non-current assets B.643) 5.812 0 (44.235 191.748) 147.00 19.28 3.460 37.58 10.726 81.664 594.995 147.69 97.29 0.693 6.652 84.65 -63.302 529.67 3.380 9.973 706.Issued.Non-Current Assets (A1+A3+A5+A6+A7) 1.54 -11.836 85.91 0.487 288.27 0.726 76.777 813.08 .Inventory Turnover Ratio (F1 to B2) 13.298 20.336 6.293 147.Financial expenses of which: (i) Interest expenses 7.767 185.Retention in business (F7-F8-F9) 4.Dividend cover ratio [(F7-F8) to F9] 12.313 877. shares) 141 - - - - - - 6.083 24.293 0 133.39 0.516 50.Financial Statement Analysis of Non Financial Sector 2010 Shaheen Cotton Mills Ltd.037 15.823 29.405 825.Capital work in progress 2.992 935.179 504.385 368 115.481 37.111 292.93 11.33 1.385 6.190 514.05 5.775 - - - - 66.612 825.Return on capital employed ( F7 as % of avg.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.442 0 (16.264 (116.173 1.Cash flows from operations - - - - 34.791 26.07 1.183) 14.00 -3.Operating fixed assets at cost 3.Reserves i).293 147.220 29.Total amount of dividend 10.063 517.970 34.073 929.126 804.532 48.235 700.632 68.499 447.664 594.Cost of material ii).972 147.981 931.50 2.848 504.Depreciation for the year 5.Salaries.43 0.292 517.871 23.127 83.24 5.Current ratio (B to C) 6.Cost of goods sold to sales (F2 as % of F1) 7.Acid test or quick ratio[(B1+B3+B4) to C] 2.61 -1.573 377.317 41.04 0.341 (111.740 516.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 528.909 334.242 0 0 3.147 2.Earning per share after tax (Rs.657 398.73 90.501 117.600 0 131.293 387.657 419. administrative and other expenses i).293 0 (220.Shareholders Equity (E1+E2+E3) 1.(A+B)] 9.Gross Profit 4.46 93.97 -24.181 57.612 - - - - 11.309 590.Short term Secured loans 2.Tax provision (current year) 9.92 0.41 0.Cash & bank balance 2.782 489.177 4.289 0 8.Total value of bonus shares issued 11.Operating fixed assets after deducting accumulated depreciation 4.24 4.023.702 - - - - 147.206 147.50 2.15 -7.84 -2.643) 5.17 3.30 0.18 0.817 101.812 890.65 -3.220 29.235 185.573 20.Sales i).293 280.748) 247.141 0 0 70.383 1.693 254.561 76.822 5.293 0 106.Trade Debt 4.93 11.Financial expenses as % of sales (F6 as % of F1) 3.39 5.Total fixed liabilities (D1+D3) 3.84 12.322 49.28 0.Other current liabilities D.52 1.632 68.677 0 0 (38.298 516.Long term investments 7.912) 5.029 152.516 168.859) 4.12 17.11 1.181 41.72 0.Net profit margin (F7 as % of F1) 15.848 0 0 0 0 - - - - 0 11.037 15.Long term unsecured loans 3.275) 166.68 0.773 147.755 F.190 514.22 1.Ordinary Shares ii).880 28. wages and employee benefits 6.268 14.Other non-current liabilities E.527 1.271 0 0 - - - - 68.Intangible assets 6.70 -3.General.85 0.264 (116.892 272.159 316.00 -0.Break-up value shares (Rs.Trade Debt as % of sales (B3 as % of F1) 4.53 0.973 247.293 0 240.Capital Reserve ii).708 353.642 166.62 -17.15 -7.126 804.871 76.293 174.063 - - - - 916.02 0.452 0 0 (11.013 54.536) 85.093 5.33 1.264 131.557 528.091 210.Net profit before tax 8.480 49.Current Liabilities (C1+C2) 1.05 1.113 172.322 49.557 224 991.496 14.Return of equity (F7 as % of avg.09 26.111 32.94 -13.293 174.Key Performance Indicators 1.600 0 117. shares] 17.532 299.383 113.Export Sales (Net) 2.164 639.84 -2.Administrative and other expenses 5.139 491.Debt equity ratio [(C+D) to E] 8.472 619.Current Assets (B1+B2+B3+B4+B5) 1.247 85.85 - - - - 1.909 5.791 529.56 1.41 0.Contractual Liabilities (G2+C1) H.59 25.Cost of sales i).481 30.459 33.561 41.Employees benefit obligations 5.Operating cash flow to debt ratio [F11 to (C+D)] 16.341 (111.293 0 (220. of Ord.817 6.62 97.573 286.804 - - - - 0 0 0 0 - - - - 62.25 1.62 97.871 23.Selling & distribution expenses ii).36 0.36 0.44 3.85 10.00 -1.519 147.Local sales (Net) ii).83 0.565 1.292 25.499 75.Total capital employed (E+D) 2.519 147.Other current assets C.Miscellaneous 1.758 37.58 0.625 143.Short term investments 5.Assets turnover ratio [F1 to (A+B)] 5.499 0.Return on assets [F7 as % of avg.96 - - - - 21.256 62.15 0. of Ord.054.061 491.91 -5.767 447.265 147.788 368 115. Subscribed & Paid up capital i).02 -26./share) (E/No.655 47.748) 0 (220.618 217.92 0.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.177 376.293 0 229.Long term secured loans 2.264 49.177 404.499 147.00 0.007 39.892 272.147 2.53 0.08 0.292 437. Items A.25 -14.316 311.

86 -26.084 816.920 0 (81.49 0.865) 171.302 12.Non-Current Assets (A1+A3+A5+A6+A7) 1.Operating cash flow to debt ratio [F11 to (C+D)] 16.Acid test or quick ratio[(B1+B3+B4) to C] 2.084 467.69 -40.595 35.Issued.124 0 0 0 (78.40 0.048) 139.445 1.Operating fixed assets after deducting accumulated depreciation 4.45 -330.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.896 0 0 - - - - 23.048) 139.135) 12.Current Liabilities (C1+C2) 1.920 0 (81.595 35.804 (12.896 0 0 (78.865) 171.Cost of sales i).084 467.27 0.45 -330.969) 2.Return on capital employed ( F7 as % of avg.804 0 (151.Debt equity ratio [(C+D) to E] 8.Local sales (Net) ii).Ordinary Shares ii).740 0 26.49 0.Earning per share after tax (Rs.Cash & bank balance 2.994 280.Cost of material ii).92 6.Other input cost 3.Long term secured loans 2.57 655.Sales i).585 300.302 - - - 37.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.585 0 329.598 0 0 0 - - - 71.Preference shares 2.55 -16.920 0 10.16 109.55 -16. of Ord.63 0.968 280.210 0 26.Intangible assets 6.585 300.968 280.Current Assets (B1+B2+B3+B4+B5) 1.598 405.532 37.37 0.302 (29.Depreciation for the year 5.Cost of goods sold to sales (F2 as % of F1) 7.Total capital employed (E+D) 2.Dividend cover ratio [(F7-F8) to F9] 12.86 -0.Tax provision (current year) 9.Other non-current assets B.72 -0.Net profit before tax 8.16 109. Items A.92 - - - 3.804 0 (151.Selling & distribution expenses ii).00 12.00 -5.00 0.16 109.Total fixed liabilities (D1+D3) 3.425 30 30 30 43. G1) 11. shares] 17. wages and employee benefits 6.Export Sales (Net) 2.Gross Profit 4.Financial expenses of which: (i) Interest expenses 7.445 1.210 43.Net profit margin (F7 as % of F1) 15.740 452.Cash flows from operations - - - 12.General.Other current liabilities D.12 -84. Subscribed & Paid up capital i).968 - - - 0 0 0 - - - 35.585 0 329.968 35.720 - - - (29.32 0.210 43.532 37.Financial expenses as % of sales (F6 as % of F1) 3.852) - - - - - - 300.125 405.302 12.Return on assets [F7 as % of avg.125 0 816.Current ratio (B to C) 6.968 35.994 - 0.86 -0. of Ord.720 300.Salaries.27 0.Capital work in progress 2.804 0 (151.135) 12.Contractual Liabilities (G2+C1) H.92 6.804 (12./share) (E/No.Inventory Turnover Ratio (F1 to B2) 13. administrative and other expenses i).86 -26.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 - - - 405.Trade Debt as % of sales (B3 as % of F1) 4.595 35.Capital Reserve ii).084 405.Miscellaneous 1.86 .Key Performance Indicators 1.720 300.00 12.69 -40.135) 12.00 12.302 (29.Total amount of dividend 10.589 171.740 0 26.Retention in business (F7-F8-F9) 4.03 42.14 G.14 0.125 0 816.(A+B)] 9.Trade Debt 4.969) 2.00 -5. shares) 142 - - - 6.598 405.Debentures/TFCs 4.852) 139.804 139.63 0.048) 139.Operation: 1.084 467.425 71.084 405.589 171.124 171.Administrative and other expenses 5.63 0.Break-up value shares (Rs.994 452.40 0.Inventories 3.Reserves i).Short term Secured loans 2.40 0.Other non-current liabilities E. E) 10.Assets turnover ratio [F1 to (A+B)] 5.Short term investments 5.445 1.994 23.Return of equity (F7 as % of avg.994 23./share) [(F7-F8)/No.55 2.Shareholders Equity (E1+E2+E3) 1.589 171.49 0.57 655.Other current assets C.968 (12.852) 139.994 452.Total value of bonus shares issued 11.302 - - - - F.Financial Statement Analysis of Non Financial Sector 2010 Shahpur Textile Mills Ltd.Employees benefit obligations 5.Long term investments 7.69 -40.532 - - - 10.585 300.Operating fixed assets at cost 3.Revenue Reserve 3.425 71.Long term unsecured loans 3.585 0 329.

600 0 318.686 654.63 3.85 4.480 2.Capital work in progress 2.06 17.88 30.14 1.011 96.47 2.274 19.600 400.00 5.720 62.28 1.Cash flows from operations - - - - 38.15 12.Break-up value shares (Rs.74 13.22 1.846 56.73 0.Assets turnover ratio [F1 to (A+B)] 5.02 93.000 170.976 710.86 2.924 467.02 0.902 96.439 1.30 0.840 96.Acid test or quick ratio[(B1+B3+B4) to C] 2.153.Return on capital employed ( F7 as % of avg.07 9.371 61.687 - - - - 256.676 758.284 0 574.071 204.13 6.478 682.Current Liabilities (C1+C2) 1.502 1.720 129.552 353.495.158 1.225) 316.Other current assets C.Debentures/TFCs 4.433 16.140 - - - - 1.10 3.550 1.493 239.795 415.Inventories 3.135 62.070 178.935 - - - - 69.440 96.067 0 62.57 0.882 68.627 174.Local sales (Net) ii).73 15.424.92 12.936 0 0 15.542 15.620 1.565 5.Cost of material ii).653 43.488 9.276 166.701 527.20 2.244. Subscribed & Paid up capital i). of Ord.36 38.Earning per share after tax (Rs.187 918.963 524.08 41.78 89.31 0.401 226.490 6.738 59.493 20.504 0 3.837 270.84 2.412 69.151 64.815 2.223 G.492 50.Other non-current assets B.586 0 67.406 0 89.279 70.381 8.19 8.Issued.195.Long term secured loans 2.829.502 96.Trade Debt as % of sales (B3 as % of F1) 4.82 17.842 228.956 96.831 72.70 50.597 106.579 620.47 -0.496 256.Contractual Liabilities (G2+C1) H.45 10.93 1.984.205 652.359 56.970 460.09 1.Non-Current Assets (A1+A3+A5+A6+A7) 1.39 23.185 64.668 58. shares] 17.18 3.067 400.08 1.266 0 0 0 0 - - - - 0 0 0 0 401.810 107.970 754.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 710.956 717.767 286.Intangible assets 6.260.499 727.477 220.Depreciation for the year 5.359 754.754 652.740 154.29 0.68 1.31 8.Financial expenses of which: (i) Interest expenses 7./share) [(F7-F8)/No.48 41.002 32.027 F.126.782 735.600 399. E) 10.594 12.198 393.600 415.122 6.49 3.Sales i).Retention in business (F7-F8-F9) 4.778 19.698 16.67 3.32 0.854.General.328 39.Return of equity (F7 as % of avg.746 138.597 780.08 2.292 2.Operation: 1.338 188.543 758.32 1.Capital Reserve ii).128 116.885 183.09 1.20 50.Administrative and other expenses 5.164 0 58.600 0 388.36 1.282.28 0.Shareholders Equity (E1+E2+E3) 1.58 2.883 346.600 487.43 5.015 400.Cost of sales i).823 115.189 113.656 153.02 0.39 2.55 2.004 11.04 0.646.Return on assets [F7 as % of avg.847.592 136./share) (E/No.254 35.Inventory Turnover Ratio (F1 to B2) 13.745 24.78 - - - - 0.08 1.Miscellaneous 1.185 160. of Ord.98 2.Trade Debt 4.926 2.189 96.821 1. Items A.823 747.08 0.Operating cash flow to debt ratio [F11 to (C+D)] 16.Current ratio (B to C) 6.282 0 (8.236.401.300 12.281 53.20 .Short term investments 5.24 21.021 359.857 1.428 532.(A+B)] 9.504 1. shares) 143 - - 11.623 0 28.Long term unsecured loans 3.600 0 243.02 2. administrative and other expenses i).568.805.138 26.427 236.168 333.067 208.312 356.Cost of goods sold to sales (F2 as % of F1) 7.972 102.600 369.505 1.14 88.374 0.00 0.132 1.Total value of bonus shares issued 11.46 1.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.308 0 243.969 866.926 96.665 353.738 0 337.323 307.933 663.Preference shares 2.Net profit margin (F7 as % of F1) 15.95 8.815 - - - - 3.279 699.00 2. G1) 11.04 94.509 122.511 50.649 497.41 3.440 372.759 1.320 0 38.443 130.589 1.Reserves i).411 - - - - 96.133 81.335 672.502 0 29.422 241.458 527.276 2.Operating fixed assets at cost 3.Gross Profit 4.179.136 0 0 - - - - 107.009 2.950 1.434 13.320 0 187.446 1.492 0 0 0 0 0 0 0 0 - - - - 241.20 1.89 2.Cash & bank balance 2.600 0 337.Financial expenses as % of sales (F6 as % of F1) 3.05 4. wages and employee benefits 6.250 73.Selling & distribution expenses ii).54 12.139.000 346.Debt equity ratio [(C+D) to E] 8.08 90.556 96.250 717.983 385.Total fixed liabilities (D1+D3) 3.208 7.336 774.Total capital employed (E+D) 2.79 4.842 220.84 19.858 1.51 - - - - 33.480 142.740 14.165 3.82 1.600 0 303.385 689.Long term investments 7.088 133.25 3.061.96 43.71 0.187.308 282.014 512.Export Sales (Net) 2.10 9.67 3.782 769.66 0.701 0 55.308 96.450 1.Salaries.794.752.442 67.600 0 272.Other non-current liabilities E.Total amount of dividend 10.276 61.543 75.226 981.Operating fixed assets after deducting accumulated depreciation 4.592.613 154.12 3.Net profit before tax 8.704 75.906 3.51 2.79 0.11 88.787 372.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.952 1.383 38.Other current liabilities D.963 761.Financial Statement Analysis of Non Financial Sector 2010 Shahtaj Textile Ltd.79 0.470 0 102.Tax provision (current year) 9.46 2.387 67.803 87.Employees benefit obligations 5.386 485.686 792.Revenue Reserve 3.692 568.Dividend cover ratio [(F7-F8) to F9] 12.Short term Secured loans 2.745 746.600 57.00 -0.Key Performance Indicators 1.42 13.046 2.001 316.20 0.Other input cost 3.579 601.600 96.Ordinary Shares ii).020 337.Current Assets (B1+B2+B3+B4+B5) 1.00 1.

General.154.185 921.801 2.26 .659 206.192 508.228 198.526 981.85 0.005.44 3.446 97.253) 490.00 -0.Current Liabilities (C1+C2) 1.776 0 115.424 346.476 1.692 921.299 21.82 94.917 135.400 0 3.640 441.376 1.837 1.633 385.397 1.098.248 776.57 0.Acid test or quick ratio[(B1+B3+B4) to C] 2.804 8.Shareholders Equity (E1+E2+E3) 1.Assets turnover ratio [F1 to (A+B)] 5.57 1.00 0.990 49.508 34.33 18.10 0.795 58.29 1.Return on assets [F7 as % of avg.740 2.394 - - - - 135.009 275.946 0 (1.083 1.342 275.761 0 0 200.472.066 21.160 49.944 310.96 3.554.50 0.36 0.Issued.Other non-current assets B.374 135.508 1.526 436.267.651 741.57 1.16 5.281 - - - - 63.81 32.28 13.91 88.009 166.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.813 G.086 96.178 6.695 16.Net profit margin (F7 as % of F1) 15.Total fixed liabilities (D1+D3) 3.273.520 125.67 58. Subscribed & Paid up capital i).35 0.Revenue Reserve 3.573 174.265.Long term investments 7.526 0 369.664 (63.Non-Current Assets (A1+A3+A5+A6+A7) 1.88 0.400 158.52 11.340 143.526 798.Employees benefit obligations 5.800 43.605 0 0 4.243 173.526 0 151.273 137.178 4.490.Dividend cover ratio [(F7-F8) to F9] 12.26 -2.81 0.373 13.Net profit before tax 8.790 0 24.594 201.935 166.746 1.078 39.Retention in business (F7-F8-F9) 4.185.448 135.026 17.845 613. of Ord.494 2.526 504. of Ord.633 15.141 170.868 135.251 275.91 88.38 0.349 226.00 1.10 4.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.31 15.Financial expenses as % of sales (F6 as % of F1) 3.190 549./share) (E/No.20 3. wages and employee benefits 6.41 0.753 39.568 35.568 809.526 0 371.Cost of goods sold to sales (F2 as % of F1) 7.223.471 403.396 80.Capital work in progress 2.060 507.216 131.990 105.89 0.985 450./share) [(F7-F8)/No.76 1.Operation: 1.Capital Reserve ii).471 711.51 -5.Inventories 3.990 52.385 2.50 0.Cost of sales i).(A+B)] 9.653 815.Other current liabilities D.66 72.181 1.Cash & bank balance 2.526 436.00 1.20 0.229 53.96 0.Inventory Turnover Ratio (F1 to B2) 13.17 0.675 0.801 - - - - 6.Total value of bonus shares issued 11.93 8.149 2.172 23.Reserves i).030 0 0 - - - - 190.Trade Debt as % of sales (B3 as % of F1) 4.Ordinary Shares ii).239 103.048 1.95 - - - - 0.14 37.61 8.914 204.894 742.878 75.Long term unsecured loans 3.08 3.627 78.69 4.651 23.Salaries.310 49.056 - - - - 1.918 1.116.31 0.349 226. shares] 17.172 23.990 47.39 2.127 711.84 95.471 340.653 815.10 4.317 584.Current ratio (B to C) 6.026 149.Other current assets C.790 0 24.568 35.88 0.476 57.002 694.890 944.Intangible assets 6.05 0.513 0 0 29.961 1.002 694.127 340.Administrative and other expenses 5.904 117.Debt equity ratio [(C+D) to E] 8.413 76.24 2.28 2. G1) 11.342 238.568 741.954 49.852) 117.52 0.865 135.07 3.838 20.34 0.873 195.76 1.901 49.567 679.171.Financial Statement Analysis of Non Financial Sector 2010 Shahzad Textile Mills Ltd.88 0.853 3.623 41.477 0 - - - - 226.338.Depreciation for the year 5.239 145.444 177.724 - - - - 313.Total capital employed (E+D) 2.083 1.264 77.806 3.577 20.491) 7.04 0.Financial expenses of which: (i) Interest expenses 7.605 0 0 29.Other non-current liabilities E.471 742.Return on capital employed ( F7 as % of avg.661 543.739 310.348.609 741.078 42.Total amount of dividend 10.10 -3.Gross Profit 4.61 21.93 8.441 531.409.Earning per share after tax (Rs.Contractual Liabilities (G2+C1) H.41 2.984 101.943 F.317 2.73 1.098 240.33 0.Miscellaneous 1.722 174.610 166.Operating fixed assets after deducting accumulated depreciation 4.802 741.Long term secured loans 2.526 0 300.219 384 76.Operating cash flow to debt ratio [F11 to (C+D)] 16.41 - - - - 17.17 0.970 511.900 103.05 88.722 174.Export Sales (Net) 2. Items A.848 35.373 8.21 2.Trade Debt 4.448 135.944 337.428 238.197 1.447.Key Performance Indicators 1.Selling & distribution expenses ii).273 0 0 0 0 20.68 1.254 367.342 477 266.635 2.402 63.93 6.Other input cost 3.Current Assets (B1+B2+B3+B4+B5) 1.526 0 300.29 0.Debentures/TFCs 4.Operating fixed assets at cost 3.996 265.Short term Secured loans 2.206.009 733.922 135.692 1.704 2.25 37.124 0 0 0 0 - - - - 0 122.Cost of material ii). shares) 144 - - - - - 7.863 226.342 166.81 32.Cash flows from operations - - - - 43.Break-up value shares (Rs.160 105.644 120.480 5.769.158.13 10.265. E) 10.58 1.018 20.37 1.Preference shares 2.55 1.418 292.642 365.917 4.922 135.388 840.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 613.526 0 313.892 35.107 47. administrative and other expenses i).243 173.422 6.172 1.Short term investments 5.609 809.58 91.24 2.476 326.342 286.802 313.990 143.917 2.Local sales (Net) ii).41 2.158.977 0 42.391 135.178 4.984 263.920 135.251 275.77 6.89 9.946 453 114.52 0.23 -4.176 22.79 1.18 4.310 49.110 326.526 135.27 0.664 240.68 1.292 (55.Sales i).073 0 180.573 174.442 164.Tax provision (current year) 9.93 -8.92 0.Return of equity (F7 as % of avg.

Selling & distribution expenses ii).647 2.Shareholders Equity (E1+E2+E3) 1.81 10.02 46.837 0 (39.185 110.050 108.Return on assets [F7 as % of avg.360 617.642 286. of Ord.593 55.44 35.21 0.036 684.563.991 8.242 37.Current ratio (B to C) 6.678 627.745 112.088 92.137 292.93 0.148 207.186 86.186 73.23 14.92 11. Subscribed & Paid up capital i).94 0.907 86.186 277.Total value of bonus shares issued 11.930 313.354 850.416 88.27 16.42 6. of Ord.611 719.Other input cost 3.400 86.97 94.Total fixed liabilities (D1+D3) 3.92 3.362 86.61 2.039 39.120 0 203.400 0 455.Gross Profit 4.Revenue Reserve 3.666) 605.Non-Current Assets (A1+A3+A5+A6+A7) 1.422 3.731 142.684 217 13.02 0. shares] 17.Intangible assets 6.545 578.933 84.284.Cash flows from operations - - - - 36.771 0 0 1.33 0.Cost of sales i).298 137.700.456 1.15 2.086 - - - - 958.994 86.Salaries.402 0 430.137 327.30 3.19 5.56 5.046 528.592 15.96 8.09 2.400 0 416.735 95.86 -2.30 1.929 161.925 47.(A+B)] 9.236 109.696 403.538.205.57 0.00 4.01 2.002 274.00 22.296 20.Net profit margin (F7 as % of F1) 15.Total capital employed (E+D) 2.05 - - - - 24.72 -15.493 2.360.143 809.435 1.Contractual Liabilities (G2+C1) H.35 11.88 1.599 1.228 206.400 0 458.63 0.823 838.051 5.24 6.533.838 43.109.156 131.040 82.316.Reserves i).050 985.915 1.278 133.020 246.Ordinary Shares ii).621 1.Tax provision (current year) 9.709 0 0 0 - - - - 207.Long term investments 7.056 346.368 1.939 749.667 - - - - 76. wages and employee benefits 6. administrative and other expenses i).343 645.69 9.633 0 0 0 0 39.294 117.49 19.28 3.774 416.937 211.351.Return of equity (F7 as % of avg.044 123.933 (121.705 36.589 1.Net profit before tax 8.74 10.Debentures/TFCs 4.338 13.681 403.Retention in business (F7-F8-F9) 4.77 87.667 2.Capital work in progress 2.Miscellaneous 1.192 66.682 68.542.26 9.03 7.942.Operation: 1.70 63.00 -4.666 74.361 985.066 545.97 0.Financial expenses of which: (i) Interest expenses 7.668 253.185 83.112 29.329 0 0 (28.939) 4.040 2. shares) 145 - - - 10.763 0 0 0 0 - - - - 0 0 0 0 520.238 11.659 1.824 98.735 123.Trade Debt 4.802 65.26 1.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.930 0 0 0 13.961 466.628 1.745 70.400 0 424.00 8.814 2.10 -6.020 1.Long term secured loans 2.Cost of goods sold to sales (F2 as % of F1) 7.Current Assets (B1+B2+B3+B4+B5) 1.Dividend cover ratio [(F7-F8) to F9] 12.59 59.Employees benefit obligations 5.334 88.Total amount of dividend 10.Short term investments 5.998 84.859 605.962 14.762 114./share) [(F7-F8)/No.058 0 26.Operating fixed assets after deducting accumulated depreciation 4.709 107. G1) 11.611 679.826 253.04 -14.33 0.504 458.24 3.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.650 0 0 - - - - 173.779 27.80 1.19 62.481 86.001 128.786 86.Earning per share after tax (Rs.162 0 0 45.659 642.746 677.643 G.Assets turnover ratio [F1 to (A+B)] 5.297 1.710 528.33 7.324 289.Financial Statement Analysis of Non Financial Sector 2010 Shams Textile Mills Ltd.550.50 35.590 2.Sales i).400 0 555.Inventories 3.19 0.988 44.563 369.472 751.561.722 1.524 408.071.66 8.113 877.264 - - - - 206.229 539.22 1.75 3.Other non-current liabilities E.400 510.726 886.206.658 1.640 F.Operating cash flow to debt ratio [F11 to (C+D)] 16.Current Liabilities (C1+C2) 1.01 1.49 88.737 118.516 327.519 1.41 6./share) (E/No.360 13.93 -25.559 599.21 0.519 33.411.633 127.223 203.032.045.093.105.490 212.52 2.579 199.Capital Reserve ii).05 25.713 1.203 554.Inventory Turnover Ratio (F1 to B2) 13.631 542.39 4.973 348.507 - - - - 86.081 300.912.915 829.55 -4.73 94.678 1.Issued.General.78 1.537.671 147.343 990.76 0.740 134.696 370.192 238.483 204.Trade Debt as % of sales (B3 as % of F1) 4.Return on capital employed ( F7 as % of avg.075 98.68 9.909 458.74 10.32 4.13 - - - - 6.Local sales (Net) ii).896 0 55.962 86.Export Sales (Net) 2.Preference shares 2.098 404.Cash & bank balance 2.21 0.978 70.Long term unsecured loans 3.471 8.88 90.86 0.93 0.735 2.13 .231 978.355 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.980 17.29 1.21 74.34 0.Debt equity ratio [(C+D) to E] 8.400 398.400 544.18 0.Financial expenses as % of sales (F6 as % of F1) 3. E) 10.614 1.120 0 49.400 503.846 - - - - 130.319 1.Other current liabilities D.29 -1.270 0 188.018 0 191.084 90.823 897.734 86.400 641.Administrative and other expenses 5.Key Performance Indicators 1.79 58.05 -4.403.54 4.593 1.Break-up value shares (Rs.620 1.280 0 266.104 204.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 578.Depreciation for the year 5.426 803.881 86.Operating fixed assets at cost 3.40 -1.279 466.62 9.19 7.753 2.671 47.682 91.263 15.674 2.661.84 95.559.Short term Secured loans 2.903 789.23 2.710 161.65 0.071.675 (116.101) 884. Items A.Cost of material ii).Other current assets C.Other non-current assets B.105.020 69.610 83.075 916.586 86.400 0 312.358 2.946.46 10.017.54 4.016) 11.585 165.

367) 933 0 933 997 11 0 10.Miscellaneous 1.051) 34.568) - - - - 34. wages and employee benefits 6.316) 0 (1.32 -0.725 690 55 519 55 356 634 246 249 247 166 185 0 0 0 0 0 0 0 0 0 0 0 0 0 6.22 -30.Ordinary Shares ii).470) 0 (13.923) 34 (47.343 0 5.Return on capital employed ( F7 as % of avg.02 -0.Administrative and other expenses 5.846) 34.470) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 - - - - 0 4./share) (E/No.958 (47.733 (11.01 0.501 2.Short term investments 5.Intangible assets 6.991 1.252 (11.367 0 1.338) 1.253 0 (36.785 18.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 26.00 0.757) 0 (9.21 0.414 18.Contractual Liabilities (G2+C1) H.24 0.Total value of bonus shares issued 11.Trade Debt 4.03 0. Subscribed & Paid up capital i).682 2.252 0 (46.Net profit before tax 8.104 594 6 7 G.Non-Current Assets (A1+A3+A5+A6+A7) 1.Financial expenses as % of sales (F6 as % of F1) 3.03 11.00 0.798 16.180) 158 0 0 (178) 69 0 0 (1.309 0 1.343 0 5. G1) 11.Retention in business (F7-F8-F9) 4.253 (3.675 3.429 0 3.Current Liabilities (C1+C2) 1.83 1.Return on assets [F7 as % of avg.626 - - - - 14.99 1.Selling & distribution expenses ii).91 -52.02 0. Items A.Dividend cover ratio [(F7-F8) to F9] 12.Operating fixed assets at cost 3.Operation: 1.Debt equity ratio [(C+D) to E] 8.Cost of sales i).Break-up value shares (Rs.Other input cost 3.388) 82 0 0 - - - - 838 43 0 (286) 68 0 0 (287) 3.48 -101.757) 34.71 -0.979 194 0 0 (9.250 (11.46 0.06 - - - - 1.Operating fixed assets after deducting accumulated depreciation 4.Revenue Reserve 3.93 .083 0 0 0 1.21 -1.928 2.295 0 16.16 11.180 26.Assets turnover ratio [F1 to (A+B)] 5. shares) 146 - - - - - - -17.973 - - - - 49.512 0 - - - - 0 0 0 0 0 0 0 0 0 0 0 0 - - - - 5.03 -1.571 3.733 18.Current Assets (B1+B2+B3+B4+B5) 1.501 230 2.253 0 (37.Gross Profit 4.671) 34.Short term Secured loans 2.380 0 14.Long term secured loans 2.957) 34.73 -3.Local sales (Net) ii).Sales i).03 - - - - - - 0.294 5. administrative and other expenses i).Operating cash flow to debt ratio [F11 to (C+D)] 16.Preference shares 2.Cash & bank balance 2.Cash flows from operations - - - - 4.682 249 2.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.309) 287 0 287 0 0 0 1.147 9.304) 34.00 0.Cost of material ii).626 103 0 0 10.098) 28.233 3.Depreciation for the year 5.Net profit margin (F7 as % of F1) 15.Reserves i).Issued.00 4.864 0 18.295 0 16.(A+B)] 9.253 34.10 -3.Tax provision (current year) 9.Earning per share after tax (Rs.07 -0.97 229.991 0 1.153 1.66 25.523 0 0.436) 34 (37.Financial expenses of which: (i) Interest expenses 7.43 0.252 0 (46.00 -0.671) 0 (354) 0 (3.Long term investments 7.184) 34.07 -3.184) 0 10.53 -2.04 0.Other current liabilities D. shares] 17.072 0 16.368 14.162 2.252 (13.Other non-current assets B.Total amount of dividend 10.512 0 11.51 1.Total capital employed (E+D) 2. E) 10.114 1.846) 0 (247) 0 (13.329 14.Cost of goods sold to sales (F2 as % of F1) 7.52 -4.918 170 0 0 0 0 - - - - 0 0 0 0 7.00 -2.250 18.083 F.Acid test or quick ratio[(B1+B3+B4) to C] 2.599 0 3. of Ord.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.681 5.747 0 14.Inventory Turnover Ratio (F1 to B2) 13.Capital Reserve ii)./share) [(F7-F8)/No.Export Sales (Net) 2.02 0.Current ratio (B to C) 6.Financial Statement Analysis of Non Financial Sector 2010 Sind Fine Textile Mills Ltd.Shareholders Equity (E1+E2+E3) 1.289 2.380 0 14.General.Return of equity (F7 as % of avg.Key Performance Indicators 1.072 0 16.367 (1.09 - - - - - - 0.Long term unsecured loans 3.01 0.51 -1. of Ord.147 0 9.380 14.Salaries.Other non-current liabilities E.253 (11.Inventories 3.12 2.12 -1.31 132.099 190 1.289 212 2.00 0.Debentures/TFCs 4.571 0 3.309 (1.93 3.20 0.00 0.Total fixed liabilities (D1+D3) 3.69 -1.00 -126.20 -10.Trade Debt as % of sales (B3 as % of F1) 4.60 0.252 (13.253 0 (47.09 -126.00 -0.798 0 0 0 0 0 (2.476 0 443 0 353 0 171 30.01 0.13 2.54 -45.00 0.928 2.009) 34.73 425.Employees benefit obligations 5.Capital work in progress 2.316) 34.Other current assets C.

26 2.03 0.800 6.610 184.Administrative and other expenses 5.511 20.03 - - - - 8. wages and employee benefits 6.Cost of sales i).838 73.797 886.Other current assets C.38 8.286 858.Non-Current Assets (A1+A3+A5+A6+A7) 1.374 69.220 2.591 271.922 864.Inventories 3.Miscellaneous 1.000 69.48 60.080 227 0 0 19.492 132.789 52.604 461.10 6.619 84.695 1. Subscribed & Paid up capital i).44 1.711 493.515 86.00 1.600 8.352 2.000 0 346.170 542.00 2.142 0 70.52 4.042 6.59 79.Operation: 1.98 16.Operating fixed assets after deducting accumulated depreciation 4.22 2.113 15. of Ord.Preference shares 2.10 0.274 72.658.81 0.319 7.486 82.Dividend cover ratio [(F7-F8) to F9] 12.902.13 5.19 0.905 106.078 0 20.342 55.Long term secured loans 2.655 916.46 - - - - 33.600 406.739 608.Net profit margin (F7 as % of F1) 15.97 61.Total fixed liabilities (D1+D3) 3.253 725.Cost of goods sold to sales (F2 as % of F1) 7.21 1.40 0.355.000 0 752.Current ratio (B to C) 6.488.639 935.357 622.491.35 0.93 14.Selling & distribution expenses ii).10 6.964 338.61 1.505 106.Other non-current assets B.Tax provision (current year) 9.Gross Profit 4.874 1.907 1.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.306 312.000 424.70 3.700 0 528.Shareholders Equity (E1+E2+E3) 1.464 1.000 0 410.77 1.04 0.399 5.Other input cost 3.Cash flows from operations - - - - 45.338.600 748.549.27 4.71 4.369.462 535.088 45.308 620.029 746.08 5.000 651.512 445.181 3.315 124.25 .113 5.277 672.009 2.342 79.466 138.555 69.319 129.367 1.555 30.862 73.496 120.Inventory Turnover Ratio (F1 to B2) 13.19 0.Capital work in progress 2.17 1.801 69.000 0 15.342 680.683 522.00 1.127 185.Trade Debt 4.822 76.21 2.649 582.614.000.723 28./share) [(F7-F8)/No.07 1. G1) 11.Contractual Liabilities (G2+C1) H.090 1.191 106. administrative and other expenses i).175.24 21.467 2.853 428.869 0 74.397 43.00 1.343 52.615 644.Financial expenses of which: (i) Interest expenses 7.900 0 28.404 7.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 644.342 120.Local sales (Net) ii).186 864.968.301 - - - - 162.696 9.89 1.605 77.59 7.04 1.401 3.300 271.580 894.37 0.060 830.135 0 0 0 0 - - - - 0 2.555 69.71 19.123 865.40 4.510 0 0 - - - - 123.78 3.09 0.Other current liabilities D.Financial Statement Analysis of Non Financial Sector 2010 Sunrays Textile Mills Ltd.612 535.394 106.53 0.368 45.959.599 70.General.38 8.523 414.975 495. E) 10.556 716.738 69.045 361.343 178.87 8.100 F.057 0 10.465 530.063.29 143.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.93 90.776 2.736 1.87 7.000 0 355.223 37.576 237.13 4.000 0 0 69.19 1.63 44.065 106.625 0 1.870 365.354 73.Operating cash flow to debt ratio [F11 to (C+D)] 16.Depreciation for the year 5.067 1.Revenue Reserve 3.266.07 12. Items A.493 381.605 916.902.Earning per share after tax (Rs.44 0.590 1.75 1.12 83.Ordinary Shares ii).Short term Secured loans 2.07 89.599 939.30 8.154 309.060 1.79 13.551 69.144 0.829 530.372 2.Key Performance Indicators 1.341 81.Acid test or quick ratio[(B1+B3+B4) to C] 2.000 69.Reserves i).Trade Debt as % of sales (B3 as % of F1) 4.145 11.881 69.72 20.Long term investments 7.261 50.18 4.776 - - - - 84.Net profit before tax 8.48 94.572.279 838.515.581 171./share) (E/No.382 513.70 5.704.(A+B)] 9.399 156.Assets turnover ratio [F1 to (A+B)] 5.551 69.Total capital employed (E+D) 2.626.000 0 392.077.Intangible assets 6.941 - - - - 920.433. shares) 147 - - - 4.180.05 0.48 4.Return of equity (F7 as % of avg.Short term investments 5.06 12.292 400.76 1.918 134.60 4.27 4.197.Operating fixed assets at cost 3.08 33.031 937.317 193.Total value of bonus shares issued 11.278 320.10 9.489 74.009 0 402.497 1.22 1.674 0 1.Retention in business (F7-F8-F9) 4.113 832.335 254.466 39.335 1.794 39.455.Long term unsecured loans 3.113 1.Other non-current liabilities E.34 11.591 142.623 466.523 1.Debentures/TFCs 4.536 0 138.529 69.419. shares] 17.983 210.Return on capital employed ( F7 as % of avg.Sales i).458 6.94 0.00 11.896 1.069 428.194 50.384 1.30 10.Cost of material ii).47 2.081 1.569 302.Salaries.342 0 2.Export Sales (Net) 2.76 0.395 243.Issued.277 696.620 2.75 48.700 1.523 0 414.Return on assets [F7 as % of avg.Debt equity ratio [(C+D) to E] 8.738 - - - - 69.000 69.723.295 36.08 8.973 168.191 51.Cash & bank balance 2.Break-up value shares (Rs.21 66.184 - - - - 210.12 6.444 599. of Ord.900 0 435.Current Liabilities (C1+C2) 1.399 953.38 0.466 1.91 0.449 458.22 3.342 96.492 50.671 118.399 855.477.Total amount of dividend 10.397 746.162 1.173 1.320 44.113 915.00 2.482 939.46 4.996 15.306 0 0 0 0 0 0 0 0 - - - - 254.Financial expenses as % of sales (F6 as % of F1) 3.286 361.Current Assets (B1+B2+B3+B4+B5) 1.234 2.668 86.679 83.390 G.529 1.Capital Reserve ii).000 415.92 91.202 108.Employees benefit obligations 5.42 92.74 13.319 410.135 0 0 16.000 989.20 0.119 25.580 89.

426 3.642.404.196 881.937.082 0 128.003 132.Acid test or quick ratio[(B1+B3+B4) to C] 2.912 837. Items A.838 2.833. of Ord.691 2.043 0 108.33 0.728.27 4.877.692 165.000 0 377.63 7.23 32.455 55.031 1.Assets turnover ratio [F1 to (A+B)] 5.839 1.97 63.537 401.605 200. E) 10.048./share) (E/No.644 5.005 20.51 78.701.Operating fixed assets after deducting accumulated depreciation 4.Non-Current Assets (A1+A3+A5+A6+A7) 1.000 1.Return on capital employed ( F7 as % of avg.128.Current Liabilities (C1+C2) 1.77 1.083 110.33 - - - - 67.143.000 1.19 1.068 5.Administrative and other expenses 5.30 14.608.27 1.Other current assets C.653 1.000 0 1.009.Intangible assets 6.300.20 4.96 10.000 0 161.101 3.537 140.95 88.660 871.961 180.024 3.239 177.23 1.150 2.Export Sales (Net) 2.031 1.003 131.588 938.859 224.157 2.486 112.538.208 1.881 140.819 1.300 281.26 7.052 4.Financial Statement Analysis of Non Financial Sector 2010 Suraj Cotton Mills Ltd.294 0 105.242.852 4.187 881.000 1.240 367.Reserves i).873 1.487.314 36.285.428 0 210.666 13.Financial expenses of which: (i) Interest expenses 7.000 0 1.561 4.16 4.082 452.Total amount of dividend 10.935 - - - - 537.Tax provision (current year) 9.Issued.345 160.826 180./share) [(F7-F8)/No.362 858.Other non-current assets B.973.790.Depreciation for the year 5.365 871.Preference shares 2.962.368 135.43 4.41 0.714 372.Long term secured loans 2.38 3.224.844 2.85 88.639 34.Cash & bank balance 2.816 555.721.961 36.546 2.458 11.76 0.291.28 11.301.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 1.02 5.804 232.Net profit margin (F7 as % of F1) 15.118 58.634.Capital work in progress 2.99 1.267 426.84 16.000 0 1.997 - - - - 176.Contractual Liabilities (G2+C1) H.766 180.418 3.124.000 1.43 0.08 0.00 42. Subscribed & Paid up capital i).15 0.Capital Reserve ii).804.506 1.186.335.009.Ordinary Shares ii).217 2.241 472.231 206.Financial expenses as % of sales (F6 as % of F1) 3.363 14.751.639 416.053 175.515 180.978 1.27 3. shares) 148 10.271 7.332 433.58 2.907 1.060.861 1.582 537.646.809 27.675.331 1.26 7.Inventory Turnover Ratio (F1 to B2) 13.41 2.905 4.32 6.15 0.21 - - - - 6.468 627.331 360.81 75.197.856 225.335.819 2.57 6.056 2.93 20.595 3.Operating cash flow to debt ratio [F11 to (C+D)] 16.00 7.354 837.Employees benefit obligations 5.548 0 0 2.707 1.88 3.66 30.070 1.490.995.97 1.41 1.00 8.968 0 0 156.Debentures/TFCs 4.Return of equity (F7 as % of avg.529 0 0 0 0 - - - - 0 21 0 17 1.53 6.147.General.46 5.973 281.Inventories 3.723 3.130.48 5.232.388 320.Revenue Reserve 3.291.Short term investments 5.003 1.395.Retention in business (F7-F8-F9) 4.890 73.067 485.562 0.Return on assets [F7 as % of avg.22 88.490.205 1.838 242.961 - - - - 180.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.214.01 4.00 19. wages and employee benefits 6.17 18.13 0.Total fixed liabilities (D1+D3) 3.11 0.936.347.468 571.45 83.85 5.Short term Secured loans 2.365 123.206 29.740 1.468 771.924 180.924 22.046 1.87 63.267 123.47 0.875 836.450. of Ord.680 2.49 0.51 0.Operating fixed assets at cost 3.945 70.833 1.324. administrative and other expenses i).957 0 0 0 0 0 0 0 0 - - - - 561.445 180.518 135.53 0.407 561.477 - - - - 2.62 10.Other input cost 3.466.896.515 17.66 0.406 - - - - 307.Shareholders Equity (E1+E2+E3) 1.Gross Profit 4.70 2.223.833 2.548 420.947 885.Cost of sales i).059 5.65 104.675 F.882 180.82 89.83 1.766 180.000 1.995 230.000 0 956.172 238.Miscellaneous 1.Cost of goods sold to sales (F2 as % of F1) 7.073 638.64 4.Current ratio (B to C) 6.Other current liabilities D.774.71 4.73 1.671 142.33 1.289.072 196.25 3.Current Assets (B1+B2+B3+B4+B5) 1.328 52.76 30.287 2.Trade Debt as % of sales (B3 as % of F1) 4.05 .103.43 77.Other non-current liabilities E.000 180.Trade Debt 4.934 192.348 1.394.460.697.027.000 0 534.009 1.548 142.048 19.Long term investments 7.857 1.884 3.238 1.71 4.39 2.83 0.Key Performance Indicators 1.415 1.00 7.127.003 2.Local sales (Net) ii).Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.505.94 10.997 4. shares] 17.341 208.208 3.232.000 0 400.136.Earning per share after tax (Rs.402 737.144.056 116.Debt equity ratio [(C+D) to E] 8.723 2.67 1.394 258.Break-up value shares (Rs.365.532 2.515 392.376 1.146.21 9.Total value of bonus shares issued 11.603 255.128 242.042 3.751 27.056 1.(A+B)] 9.357.Sales i).157 186.41 3.40 2.16 8.Dividend cover ratio [(F7-F8) to F9] 12.667 1.202 634.460 146.109 23.540 1.628 20.286 285.235.Selling & distribution expenses ii).332 1.000 600 - - - - 324.93 10.859 416.Long term unsecured loans 3.Operation: 1.873 404.179 35.12 0.167.543 22.Cost of material ii).86 5.154 266.537 G.882 180.817 1.734 858.826 180.15 6.968 666.Net profit before tax 8.817 698.291. G1) 11.384 1.430 90.968 3.435.Cash flows from operations - - - - 70.362 571.97 90.000 0 957.674 5.698.912 584.214 0 125.417.055.08 5.080 15.29 6.499 1.717.722 171.57 1.090 3.150 234.291.78 0.58 8.941 711.000 0 1.374.226 737.90 1.081.185.519 2.Total capital employed (E+D) 2.212 53.Salaries.957 497.137.678 0 356.026 6.

386 40.500 40.Capital Reserve ii).Return on capital employed ( F7 as % of avg.005 93.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Tax provision (current year) 9.357) 0 (17.329 426.Assets turnover ratio [F1 to (A+B)] 5.57 0.20 -19.500 35.222 11.150 292.53 96. Items A.15 271. administrative and other expenses i).636 253.382 152.299 390.33 6.41 1.80 - - - - 3.120 27.770 8.074 2.161 9.84 1.446 40.28 1.578 206.Operating fixed assets at cost 3.730 11.Short term Secured loans 2.12 19.245 328.Debt equity ratio [(C+D) to E] 8.671 149.45 4.612 207.081 0 0 (31.Sales i).821 185.Other input cost 3.411 43.05 0.546 195.Preference shares 2.255 228.19 -12.Gross Profit 4.Earning per share after tax (Rs.476 0 9.474 0 45.557 149.68 0.886 40.35 -20.260 5.997 0 99.Current ratio (B to C) 6.Capital work in progress 2.489 0 21.00 3.36 0.14 7.253 12.08 -12.Current Assets (B1+B2+B3+B4+B5) 1.844 29.152 5.962) 142.70 -7.699 0 (18. G1) 11.Trade Debt 4.Retention in business (F7-F8-F9) 4.116) 0 0 0 157.Trade Debt as % of sales (B3 as % of F1) 4.627 40.069 18.558 0 197.780 0 0 (16.89 3.401 144.880) 152.619 16.065 183.Financial expenses of which: (i) Interest expenses 7.68 4.Other non-current assets B.Break-up value shares (Rs.14 11.245 166.General.500 0 (17.00 -8.184 2.373 8.838 93.29 0.Issued.63 3.636 161.22 641.473 G.54 -34.96 9.116) 154.131 F.133 39.57 0.769 (14.Operating cash flow to debt ratio [F11 to (C+D)] 16.521 48.039 408 18.52 1.939 3.48 0.333 203.500 50.52 1.18 4.Cost of sales i).573 242.304 0 116.539 40.324 39.145 119.64 -1.922 4.49 8.460 186. shares] 17.664 51.540 702 0 0 16.Acid test or quick ratio[(B1+B3+B4) to C] 2.401 129.927 79.251 0.356 170.078 211.521 (31.524 85.68 -131.940 144.69 0.190 260.41 1.70 -4.13 -0.619 188.552 0 4.87 3.10 - - - - 7.400 26.039 - - - - 40.304 158.48 0.Export Sales (Net) 2.945 18.166 91.425 (3.895 9.672 133.709 23. wages and employee benefits 6.543 142.856 93.557 (10.Financial expenses as % of sales (F6 as % of F1) 3.407) 27.500 78.400 9.500 0 108.873 6.02 -3.357) 40.56 4.Total capital employed (E+D) 2./share) (E/No.Intangible assets 6.91 2.29 0.34 -9.62 -48.730 0 1.Shareholders Equity (E1+E2+E3) 1.34 0.Return of equity (F7 as % of avg.470 48.Net profit margin (F7 as % of F1) 15. E) 10.31 0.Salaries.Employees benefit obligations 5.441) 1.071 0 0 0 - - - - 0 0 0 0 204.843 - - - - 49.817 0 24.54 6.500 0 71.345 144. of Ord.Operation: 1.578 11.Return on assets [F7 as % of avg.871 5.69 2.31 89.222 0 14.876 3.Long term unsecured loans 3.271 105.Cost of goods sold to sales (F2 as % of F1) 7.421 230.981 116.68 27.761 206.Administrative and other expenses 5.Short term investments 5.Total value of bonus shares issued 11.294 144.Inventories 3.19 36.(A+B)] 9.03 99.Non-Current Assets (A1+A3+A5+A6+A7) 1.Debentures/TFCs 4.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 171.14 0.664 7.745 0 30.94 14.385 7.985 - - - - 5.68 12.00 -4.550 - - - - 284.Total amount of dividend 10.Cost of material ii).Cash & bank balance 2.25 0.Total fixed liabilities (D1+D3) 3.500 111.143 231.Operating fixed assets after deducting accumulated depreciation 4.72 2.273 2.760 0 2.181 0 - - - - 93.873 6.395 4.941 (31.341 170.416 27.664 27.500 0 (32.Financial Statement Analysis of Non Financial Sector 2010 Taha Spinning Mills Ltd.65 8.569 38.01 0.156 0 0 - - - - 2.23 78.356 0 339.407) 0 (32.Depreciation for the year 5.01 0.954 0 13.911 33.72 0.500 0 38.524 70.838 8.35 0.Reserves i).985 2.533 111.765 416.500 0 121. of Ord.353 101.Current Liabilities (C1+C2) 1.954 2.432 1.689 336.356 0 339.42 -8.Key Performance Indicators 1.84 4.569 1.118 (14.04 0.966 203.922 734 4.834 2.Other current assets C.59 453.88 -0.533 301.986 132.108 0 (32.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.49 128.Inventory Turnover Ratio (F1 to B2) 13.546 252. shares) 149 - - - - - - 0.24 -5.16 5.Net profit before tax 8.699 40.199 40.Long term investments 7.28 39.458 3.784 30.026 1.080 339.Cash flows from operations - - - - 2.500 161.120 2.Long term secured loans 2.Selling & distribution expenses ii).58 -13.60 0.535 154.70 -7.052 186.118 0 0 0 0 21.674 22. Subscribed & Paid up capital i).343 22.529 1.88 12.946 40.Dividend cover ratio [(F7-F8) to F9] 12.220 77.39 .559 40.866 113.006 29.425 0 14.Local sales (Net) ii).203) 2./share) [(F7-F8)/No.06 10.00 1.733) 56 0 0 5.222 478.982 187.Ordinary Shares ii).407 91.304 323.429 22.760 3.Other current liabilities D.Revenue Reserve 3.492 93.053.25 1.970 49.764 2.15 1.Miscellaneous 1.521 - - - - 5.33 990.724) 1.881) 2.250 0 13.Contractual Liabilities (G2+C1) H.166 17.156 27.37 -33.69 93.052 15.99 -4.789) 149.884 182.Other non-current liabilities E.

Intangible assets 6.08 -3.888) 92.637 220.396 709.180.708) 220.30 0.00 -4.420 (614.782 591.815 4.654 422.420 (158.24 0.709) 92.310 1.16 -101.420 0 (948.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.855 1.Financial expenses of which: (i) Interest expenses 7.Return on assets [F7 as % of avg.Net profit before tax 8.02 -286.088 197.70 -22.715 639.24 0.424 695.323) 88.735 1.28 -18.208 (69.Ordinary Shares ii).483) 334.56 0.Key Performance Indicators 1.278 639.025.420 0 (492.Cost of sales i).025.Financial expenses as % of sales (F6 as % of F1) 3.420 0 (492.Debt equity ratio [(C+D) to E] 8.972 220.08 -3.735 81.493 858.159 92.47 5.17 0.Administrative and other expenses 5.159 92.17 G.72 0.Return of equity (F7 as % of avg.17 0.71 0.96 2.415 - - - - - - (32.01 -18.826 1.Debentures/TFCs 4.83 -11.593 240.708) 220.Inventories 3.648 76.475 1.85 -10.Earning per share after tax (Rs.904 62.580 1.Operating cash flow to debt ratio [F11 to (C+D)] 16.24 0.Total fixed liabilities (D1+D3) 3.12 24.503 1.504 805.504 3.36 -12.269 334.Long term investments 7.07 103.28 617.00 -6.Current Liabilities (C1+C2) 1.54 1.088 197.Assets turnover ratio [F1 to (A+B)] 5.637 - - - - - - 62.53 0.041 269.17 0.424 695.74 -113.906 639.Cash flows from operations - - - - - - 65.648 1.Trade Debt as % of sales (B3 as % of F1) 4.Capital Reserve ii).102 124 124 124 - - - - - - (160.377 0 0 (220.00 -6.310 396.22 20.415 43.Return on capital employed ( F7 as % of avg.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Other non-current liabilities E.483) 334.648 695.689 695.Inventory Turnover Ratio (F1 to B2) 13.Cost of goods sold to sales (F2 as % of F1) 7.648 8.063) 334.131 0 (226.689 396. of Ord.947 782.Break-up value shares (Rs.Salaries.088 197.340) 65.396 591.38 0.400 1.972 88.Depreciation for the year 5.37 -13.32 5.150.376 1.99 -18.131 0 (226.323) 88.855 1.411) 5.345 1.170 274.558) 334.150.829) 422.30 5.101.01 -18.50 0.51 129.782 591.848 224.Cash & bank balance 2. shares] 17.420 0 (948.709) 92.980 401.Total capital employed (E+D) 2.689 709.Operating fixed assets after deducting accumulated depreciation 4. of Ord.469 66.51 129.650 151.650 0 0 0 - - - - - - 860.102 62.420 (158.02 -286.151) 334.917 5.962 639.648 8.637 (12.01 -8.Preference shares 2.962 - - - - 1.Shareholders Equity (E1+E2+E3) 1.159 92.558) 334.04 0.Capital work in progress 2.585 0 (233.637 F.Total amount of dividend 10.906 782.057.28 617.919 0 0 (49.Miscellaneous 1.59 0.411) 5.Other current assets C.707 0 56.493 0 1.826 43.Contractual Liabilities (G2+C1) H.Non-Current Assets (A1+A3+A5+A6+A7) 1.Local sales (Net) ii).637 220.77 -4.208 88.Current ratio (B to C) 6.Trade Debt 4.289.24 0.Issued.585 0 (49.24 0.735 0.Other input cost 3.707 0 56.978) 334.08 0.38 - - - - - - -15.Long term unsecured loans 3.95 38.420 (614.707 43.Reserves i).735 383.503 1.415 43.504 3.189.063) 334.278 845.637 (12.544 933.00 -534.89 105.Sales i).Other non-current assets B.Export Sales (Net) 2.469) 240 0 0 (233.041 269.753 797.232 7.258.278 188.64 0.41 139.278 797.36 -13.Selling & distribution expenses ii).722 224.917 114.722 114.51 129.773 10.99 -18.36 -534.36 - .003.95 38.Short term investments 5.227 1.53 0. administrative and other expenses i).04 0.063) 334.962 67.330) 401.469) 240 0 0 - - - - - - 1.289. wages and employee benefits 6.962 67.037.980 401.919 0 0 (220.648 - - - - - - 0 0 0 0 0 0 - - - - - - 1.057.32 5.648) 240 0 0 (233.Retention in business (F7-F8-F9) 4. Subscribed & Paid up capital i).962 639.278 639.579 0 (165.28 617.962 67.189.22 20.493 0 1.42 535.424 4.294 7.840 56.04 0.345 1.Financial Statement Analysis of Non Financial Sector 2010 Taj Textile Mills Ltd.72 0. shares) 150 - - - - - - 3. E) 10.420 334.648 1.003.Gross Profit 4.753 1.294 10.258.585 0 (233./share) (E/No.735 81.232 299.Tax provision (current year) 9.289.083 271.593 240.917 114.Total value of bonus shares issued 11.041 269.01 -3.296.00 -6.707 43.89 105.972 (12.Other current liabilities D.420 0 (948.363 229. G1) 11.Employees benefit obligations 5.38 0.45 12.330) 401.689 1.77 -4.003.47 0.648 695.Dividend cover ratio [(F7-F8) to F9] 12.782 9.057.075 151.06 26.240 980.735 1.753 845.715 933.069.01 -26.Acid test or quick ratio[(B1+B3+B4) to C] 2.290.065 82.Short term Secured loans 2.424 3.Cost of material ii).05 0.Net profit margin (F7 as % of F1) 15.36 6.689 1.707 43./share) [(F7-F8)/No.065 82.753 81.08 -3.56 0.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 1.046.296.452) 5.74 -18.708) 220.972 (69.003. Items A.150.978) 334.424 695.Revenue Reserve 3.420 (614.363 229.707 0 56.420 0 (258.483) - - - - - - 1.227 1.Long term secured loans 2.00 -6.56 0.180.Operating fixed assets at cost 3.232 7.(A+B)] 9.Operation: 1.General.Current Assets (B1+B2+B3+B4+B5) 1.83 -11.

330.247 0 428.33 34.64 5.376 2.855.652 2.07 0.989 55.248 1.Other non-current assets B.Dividend cover ratio [(F7-F8) to F9] 12.633 - - - - 173.597.621 1.248 191.933 608.89 74.74 84.043 969.830 0 0 0 0 - - - - 0 0 0 0 991.80 2.548 212.Inventories 3.719 0 8.691 164.021 123.27 0.Sales i).219.568 2.381 297.994 193.99 5.83 0.Return of equity (F7 as % of avg.246 0 22.07 1.Retention in business (F7-F8-F9) 4.166 1.145 775.98 82.80 0.940 2.494 793.Issued.230 1.42 0.248 0 117.151 207.248 606.Long term secured loans 2.254 108.318.019.966 2.09 11.583.Current ratio (B to C) 6.Employees benefit obligations 5.366 326.707.593 527.58 3.405 0 117.367.545 1.Debt equity ratio [(C+D) to E] 8.(A+B)] 9.125 94.Ordinary Shares ii).129.074 756.70 1.560 32.836 2.759 200.67 12.46 1.Cash flows from operations - - - - 73.540 424.597 173.277.639 2.985 524.966 17.Return on capital employed ( F7 as % of avg.652 1.496 746.563 0.836 2.000 0 25.134 793.315 366.971 0 108.70 11.248 0 604.625 0 49.Current Liabilities (C1+C2) 1.96 1.00 2.421.Capital work in progress 2.829.08 0.892.958 G.781 275.405.995 (240.Non-Current Assets (A1+A3+A5+A6+A7) 1.426 43.334 26.Capital Reserve ii).297 1.Intangible assets 6.Tax provision (current year) 9.49 83.203.49 -16.949.719 985.017 1.048.201 659.76 0.25 - - - - 7.247 1.577 0 69.614 1. shares) 1.Inventory Turnover Ratio (F1 to B2) 13.941 155.793 1. of Ord.82 2.415.341 795.107 1.86 0. G1) 11.04 0.Short term Secured loans 2.084 179.247 1.Administrative and other expenses 5.923 795.83 3.780 78.555 1.50 5.324 1.108.568 102.248 0 406.86 12.325 0 81.670 2.Trade Debt 4.149.Current Assets (B1+B2+B3+B4+B5) 1.Short term investments 5.71 2.445 132.703 1.Net profit margin (F7 as % of F1) 15. wages and employee benefits 6.352.65 8.01 33.21 4.306.Operating fixed assets at cost 3.802 969.044 53.23 8.248 601.339 2. administrative and other expenses i).898 277.Acid test or quick ratio[(B1+B3+B4) to C] 2.162 457.36 4.446.984 755.66 99.15 0.489 467.22 2.453.834 2.781 839.244 432.303 947.14 8.000 0 - - - - 874.190 0 604.95 0.857.248 0 432.267 1.957.405 173.540 189.15 0.753.495.650 574 1.41 1.447.46 3.827 189.271 897.017 3.424.612 240.844 173.Financial expenses of which: (i) Interest expenses 7.722.318.Long term investments 7.Preference shares 2.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.995 173.804.74 0.856 0 0 563.345 133.816 437.839 532.98 3.74 1.11 12.118 606 1.495 284.839 18.46 0.Earning per share after tax (Rs.554.27 -7.40 2.248 173.Depreciation for the year 5.306 1.81 0.Other current liabilities D.09 81.989 634.40 - - - - 64.59 0./share) [(F7-F8)/No.Total capital employed (E+D) 2.222. Subscribed & Paid up capital i).Cost of sales i).495.002 2.202.244 164.32 31.623 41.267 165.190 926.677 19.979 0 153.58 0.836 173.72 151 - - - 3.224 2.920 22.814 974.351 123.823.402 246.381.798 1.Local sales (Net) ii).02 1.84 6.257 1.216.Export Sales (Net) 2.Operating cash flow to debt ratio [F11 to (C+D)] 16. Items A.Selling & distribution expenses ii).990.Break-up value shares (Rs.17 23.447.698 1.053 208.Cash & bank balance 2.052 173.Reserves i).Assets turnover ratio [F1 to (A+B)] 5.580 96.166 80.91 1.12 23.617.650 1.703 579.127 912.Other current assets C.087 173.946 117.00 0.825.12 8.962 (217.558 2.574 190.General.Revenue Reserve 3.299 2.294 2.836.35 -10.315 0 0 0 0 25.561 0 145.Financial expenses as % of sales (F6 as % of F1) 3.Trade Debt as % of sales (B3 as % of F1) 4.Operating fixed assets after deducting accumulated depreciation 4. E) 10.26 14.61 9.10 4.502 1.499./share) (E/No.508 1.22 -13.027 127.740 11.390 398.987 526.450 2.580.415 2.673 146.060.312 0 333.570 1.585) 1.568 1.Other non-current liabilities E.175 839.00 4.670 - - - - 80.452.Gross Profit 4.00 2.593 1. of Ord.83 0.Operation: 1.889 313.431 874.269 1.273.342 944.247 0 1.995 1.080.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 1.85 34.Financial Statement Analysis of Non Financial Sector 2010 Tata Textile Mills Ltd.995 277.277 746.286.711 118.153 3.688 1.327.Net profit before tax 8.01 80.Total fixed liabilities (D1+D3) 3.Total value of bonus shares issued 11.576 335.351 370.993 2.324 1.590.580.123.160 1.565.44 3.001 F.274 108.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.811 - - - - 467.838 142.878 1.541 326.206 264.293 47.300 173.682 2.145 14.23 5.88 82.70 2.598 67.89 70.Shareholders Equity (E1+E2+E3) 1.11 -5.47 6.219 0 0 27.416.17 0.52 .33 2.Other input cost 3.254 2.876 3.33 3.15 6.Key Performance Indicators 1.554 1.109 0 0 - - - - 163.640 144.889 897. shares] 17.405.433.563 - - - - 217.159.172 0 176.401 156.973 0 23.394 1.Salaries.499 1.783.29 0.306 1.826.294 1.880 173.Long term unsecured loans 3.16 13.74 3.Cost of material ii).703 1.729) 22.Debentures/TFCs 4.Cost of goods sold to sales (F2 as % of F1) 7.Contractual Liabilities (G2+C1) H.Total amount of dividend 10.084 173.42 0.642 73.Return on assets [F7 as % of avg.780 118.254 2.016.Miscellaneous 1.72 0.470 656.277 233.732 - - - - 1.

157 297.284.239 953.252 10.27 0.019 719.61 4.348.198.93 23.79 1.404 5.Ordinary Shares ii).373.223.07 7./share) (E/No.791 6.351 298.35 3.226.Inventories 3.99 0.890 73.413 318.820.55 1.09 0.Break-up value shares (Rs.787.28 5.047.819 406.Debt equity ratio [(C+D) to E] 8.Operating fixed assets at cost 3.131 1.285 3.318 3.407 1.693 4.Financial expenses of which: (i) Interest expenses 7.084.805.43 1.90 -0.182.49 -0.Trade Debt as % of sales (B3 as % of F1) 4.099 0 2.Current Assets (B1+B2+B3+B4+B5) 1.356 6.55 4.693 0 2.764) 59.Earning per share after tax (Rs.393 1.034 6.240.468 524.634 10.266 1.66 -0.Reserves i).706 509.021 399.61 0.527 499.Contractual Liabilities (G2+C1) H.984 356.461.944.Selling & distribution expenses ii).104.365 8.591.336 1.530 5.925 48.657 4.020) 41.Miscellaneous 1.95 0.846 492.263 536.30 2.629.564 4.948.194.809 6.669 117.552 - - - - 540.473 529.149 9.256.076 3.686 612.00 -2.572 18.551 1.925 399.Total capital employed (E+D) 2.17 6.010.31 22.575.037 0.812 2.738 21.699 4.582.363 7.153.077.998 7.863 6.Gross Profit 4.069 667.53 2.959 299.846 5.695 1.Operating fixed assets after deducting accumulated depreciation 4.Return on capital employed ( F7 as % of avg.175 1.948.Revenue Reserve 3.815 0 453.683 2.157 6.442.978.986.757.Administrative and other expenses 5.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 2.295 1.501 1.108.419 4.19 89.291.348 1.Shareholders Equity (E1+E2+E3) 1.18 3. administrative and other expenses i).081 0 0 0 - - - - 0 713.373 565.998.88 4.954 978.362 0 4.72 1.Other current liabilities D.99 0.59 23.526.127 275.560.979.92 3. shares) 152 0.046.24 90.070.566 4.121.Long term secured loans 2.010 656.685 5.Tax provision (current year) 9.468 356.75 0.245 937.473 445.359 5.750.047.69 0.586 492.70 85.363 F.Operating cash flow to debt ratio [F11 to (C+D)] 16.002 665.Trade Debt 4.641 447.388 138.056 3.286 1.447.99 -0.730.18 65.052.152.Capital work in progress 2.Local sales (Net) ii).097.573.085 3.230 492.386 3.Cost of goods sold to sales (F2 as % of F1) 7.00 1.00 -1.099 4.108.44 4.099 0 3.279 492.293 238.226.846 5.791 0 0 (42.361 0 0 162.052 6.57 87.94 23.086 1.657 3.405 0 44.340 75.693 0 2.116 2.71 1.482.878 40.647.218 0 873.613 0 40.347 5. wages and employee benefits 6.960 464.277 815.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.813 406.099 3.719 49.623.02 3.692 40.333 987.Inventory Turnover Ratio (F1 to B2) 13.419 1.795 - - - - 3./share) [(F7-F8)/No.00 2.287.789 2.Cash flows from operations - - - - 320.948 714.786 5.062.48 0.593.124 1.59 1.Return on assets [F7 as % of avg.748.63 89.931.33 0.046 9.Export Sales (Net) 2.78 0.51 8.202.668 0 (17.157 6.480 5.164 - - - - 1.13 11.71 1.121 1.623 6.Long term investments 7.419 261.72 7.067 5.727 3.Cost of material ii).70 86.24 -0.109 48. G1) 11.640 6.725 320.Return of equity (F7 as % of avg.834.491 90.312.46 7.306 940.188.570 7.106.974 0 68.33 2.950.955 0 0 0 0 - - - - 873.350.315 8.025.42 1.Short term investments 5.984.126 447.863.610 1.General.506 406.996 1.37 1.272.901 850.150 2.224.180.246 2.421 2.081.42 - - - - 5.Salaries.022.876.805.633) 3.469 2.75 -0.83 0.25 11.Preference shares 2.352 968.Short term Secured loans 2.864 3.Total value of bonus shares issued 11.487 - - - - 492.447.581.67 0.579.Depreciation for the year 5.407 4.258.00 4.Other input cost 3.67 0.644 3.699 4.640.184 953.27 2.324 4.07 24.Current ratio (B to C) 6.663.53 1.509.270 529.271 445.Retention in business (F7-F8-F9) 4.362 4.333 5.49 -0.Other non-current assets B.844.417 4.903 35.30 5.351 499.333 821.175.08 82.512 2.372 262.Financial expenses as % of sales (F6 as % of F1) 3.406.36 79.42 0.785.099 406.35 1.555.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.277 4.301.621 2.354 - - - - 126.609 1.120.382 962.Net profit before tax 8. E) 10.769.28 9.253 498.147.53 103.168 4.019 165.885 544.774 3.633 1.391 463.803.Issued.672 1.126 1.80 4.172 G.Net profit margin (F7 as % of F1) 15.055.586 1.Capital Reserve ii).169 32.277 214.218.019 656.Current Liabilities (C1+C2) 1.298.002.518 73.77 2.30 - - - - 2.276 356.Assets turnover ratio [F1 to (A+B)] 5.890 745.733 2.010.(A+B)] 9.542.940 0 299.63 87.180.456.50 0.597.Acid test or quick ratio[(B1+B3+B4) to C] 2.902.096 1.061.418 0 0 0 8.032.433 3. Subscribed & Paid up capital i).Financial Statement Analysis of Non Financial Sector 2010 The Crescent Textile Mills Ltd.267 2.72 7.407 4.110 2.108.Key Performance Indicators 1.439.070.05 1.40 -0.262 6.519 392.919.Total amount of dividend 10.Other current assets C.742 789.00 19.Non-Current Assets (A1+A3+A5+A6+A7) 1.260 6.249 1.640.Long term unsecured loans 3.Intangible assets 6.401 5.813 2.59 1.764.911 1.931 16.693 2.21 1.607 492.161 2.688 5.397 613.169) 5.036.354 10.22 0.622 37.56 6.Employees benefit obligations 5.668.Other non-current liabilities E.230.Dividend cover ratio [(F7-F8) to F9] 12.44 60.654 2.308. Items A.Cost of sales i). of Ord.071 4.Debentures/TFCs 4.35 .64 - - - - 174.152.339. shares] 17.814 2.240.Operation: 1.085.Total fixed liabilities (D1+D3) 3.727 1.340 7.Sales i).099 0 1. of Ord.Cash & bank balance 2.303 470.562.940 (58.172.05 10.693 3.81 0.421 4.943 399.853 65.955 (102.352 667.547 4.737 - - - - 674.

72 5.70 0.Current Assets (B1+B2+B3+B4+B5) 1.092 1.140 - - - - 267.462 2.Export Sales (Net) 2.Operating cash flow to debt ratio [F11 to (C+D)] 16.Local sales (Net) ii).789 189.015 140.466 452.90 0.Ordinary Shares ii).42 1.969.864 709.35 0.898 435.240 495.416 431.204 41.346.05 0.666 163.568 1.503 0 239.73 0.585.436.32 1.(A+B)] 9.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.048.782 F.25 2.616 837 3.977 1.Issued.Key Performance Indicators 1.95 0.662 1.168 719.948.988.72 3.Return of equity (F7 as % of avg.284.330.000 0 504.45 0.413 542.26 - - - - 13. shares] 17.94 57.706 170.543 276.926.821 2.740 1.Sales i).001 2.71 1.Gross Profit 4.054 32.519 477.515.676 0 0 58.892.Total fixed liabilities (D1+D3) 3.363 1.460 273.170 68.Earning per share after tax (Rs.892 0 0 124.387 807.526.179 355.50 0.004 186.08 1.000 0 831.394.473.215.Other current assets C.692 88.Cost of sales i).526.326.Operation: 1.47 1.088 213.37 0.000 0 809.276 1.Net profit margin (F7 as % of F1) 15.300 267.093 170.39 4.346.422 170.00 0.336 963.96 25.924 16.045 1. of Ord.970.Total value of bonus shares issued 11.068 1.810 0 0 30.60 18.957 1.727 1.20 1.71 2.93 78.Debt equity ratio [(C+D) to E] 8.373.723 1.17 42./share) (E/No.67 3.700.500 0 23.000 674.626.187.000 1.43 0.878 1.77 1.Shareholders Equity (E1+E2+E3) 1.Other non-current liabilities E.240 0 170.Net profit before tax 8.820 91.51 2.864 1.61 0.495 20.193 1.515) 1.68 3.88 4.General.91 0.Salaries.96 2.Operating fixed assets at cost 3.424 176.65 1.Capital Reserve ii).216 393.32 4.29 1.Tax provision (current year) 9.579 3.084.155 0 26.09 0.Reserves i).127 0 218.89 3.377 40.67 1.292 174.721 1.561 33.609 2.378 658.040 309.594 880.36 3.445 37.96 0.00 0. of Ord.268.224 G.303 138.856 1.38 65.920.228 133.Revenue Reserve 3.338 139.484 1.358 20.960 244.01 1.86 17.649 3.03 0.953 170.00 1.Total capital employed (E+D) 2.562.00 0.493.638.955 0 24.457 0 0 - - - - 251.52 20.54 1.21 1.001.35 - - - - 2.413 309.439 186.964 295.Return on capital employed ( F7 as % of avg.799.104 445.700 0 260.865 170.000 1.08 4.439 22.317.74 16.Financial expenses as % of sales (F6 as % of F1) 3.119.43 0.721 2.129.Long term secured loans 2.59 39.Employees benefit obligations 5.Break-up value shares (Rs.316 27.Cost of goods sold to sales (F2 as % of F1) 7.613.Inventory Turnover Ratio (F1 to B2) 13.316 715.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.882 8.953 170.Other non-current assets B.Financial Statement Analysis of Non Financial Sector 2010 Towellers Ltd.76 2.814 0 298.518 - - - - 213.154.Long term investments 7.003 779.84 67.Preference shares 2.139 116 1.89 0.Current ratio (B to C) 6.43 0.102 1.650 269.Non-Current Assets (A1+A3+A5+A6+A7) 1.397 50.83 16.132 108.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 850.155.373.Cash & bank balance 2.Depreciation for the year 5.Acid test or quick ratio[(B1+B3+B4) to C] 2.94 0.048.371.387 1.080 33.931 3./share) [(F7-F8)/No.05 2. shares) 153 0.119.613 399.093 170.94 84.054 - - - - 170.034 325.Short term Secured loans 2.343 0 16.866 1.373 3.779 2.778 257.46 1.112.246.419.519 133.Short term investments 5.921.034 276.558 64.422 170.Dividend cover ratio [(F7-F8) to F9] 12.Financial expenses of which: (i) Interest expenses 7. Items A.Other input cost 3.45 1.579 - - - - 12.526.401 0 0 38.26 4.482 44.59 1.Total amount of dividend 10. E) 10.Capital work in progress 2.000 0 548.54 1.912 3.660 0.Selling & distribution expenses ii).35 0.901 629.502 1.88 85.103.028 - - - - 1.60 3.000 828.052 1.93 85.10 0.003.140.Trade Debt 4.141 1.312 17.52 1.Contractual Liabilities (G2+C1) H.765 1.835 1.000 0 490.Intangible assets 6.206 44.250 756.717 22.544 91.185 54.505 367.024 1.456.797 1.36 4.381 0 475.698 1.000 170.089.429 0 0 0 0 - - - - 0 0 0 0 1. G1) 11.343 4.472 0 2.850 69.538 2.623 176.820 2.157.901 28.385 286.Other current liabilities D.Inventories 3.864 1.30 6.070.852.250 393.960 850.Long term unsecured loans 3.46 .64 0.338 1.536.145 734.30 1.645 188.189 202.720 0 289.Retention in business (F7-F8-F9) 4.418.254 33.322 236.35 7.416 344.92 0.997 2.847 305.330 0 334.000 0 495.757 987. Subscribed & Paid up capital i).065.347 709.496 1.000 979.069 1.000 1.674 9.185 3.938.683 630.635 92.000 305.30 1.Administrative and other expenses 5.10 84. administrative and other expenses i).422 0 9.084 167.416 286.Return on assets [F7 as % of avg.Trade Debt as % of sales (B3 as % of F1) 4.88 81.301.635 1.81 6.373.068 584.584 65.33 - - - - 0.46 58.054 987.Cash flows from operations - - - - 188.Current Liabilities (C1+C2) 1.454 636.584 0 718.556 (23.580.556 0 0 0 0 0 0 0 0 - - - - 244.662 2.054 170.968 1.133 1.Cost of material ii).05 -1.Assets turnover ratio [F1 to (A+B)] 5.540 2.35 3.706.Miscellaneous 1.381 490.Debentures/TFCs 4.041 1.445 1.046 597.Operating fixed assets after deducting accumulated depreciation 4.878 1.384 867.358. wages and employee benefits 6.536.

00 4.289 0 (5.Total value of bonus shares issued 11.Financial expenses of which: (i) Interest expenses 7.53 0. of Ord.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.908 0 24.457 122.15 0.20 0.Cash & bank balance 2.Issued.Short term investments 5.003 18.564 0 28.457 122.61 73.Cost of material ii).36 -1.00 1.026 37.854) 604 0. Items A.584 0 0 (1.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14. G1) 11.Operation: 1.212 107.159 2.Operating fixed assets after deducting accumulated depreciation 4.Current Liabilities (C1+C2) 1.Shareholders Equity (E1+E2+E3) 1.Net profit before tax 8.364 21.127 37.Local sales (Net) ii).Cash flows from operations - - - - - - 6.Long term investments 7.Inventory Turnover Ratio (F1 to B2) 13.Key Performance Indicators 1.61 0.270 1.168 604 67.Miscellaneous 1.263 0 56.Export Sales (Net) 2.270 - - - - - - 185 0 0 0 0 0 - - - - - - 121.04 0.Long term unsecured loans 3.Short term Secured loans 2.270 0 1.263 0 127.Intangible assets 6.57 25.Other current liabilities D.263 37.00 4.00 2.289 0 10.854 4.62 0.Other input cost 3.Non-Current Assets (A1+A3+A5+A6+A7) 1.76 10.98 0.026 37.741 4.42 22.304 37.71 16.Other current assets C. wages and employee benefits 6.336 0 79.Debt equity ratio [(C+D) to E] 8.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 182.256 122.263 0 56.Selling & distribution expenses ii).355 0 83.877 0 0 0 0 0 182.62 0.289 37.004 104.Depreciation for the year 5.270 1.07 0.90 10.381 0 19.Net profit margin (F7 as % of F1) 15.016 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 - - - - - - 49.83 16.420 67.270) 4.Other non-current liabilities E.00 2.36 -1.Capital Reserve ii).Return on capital employed ( F7 as % of avg.Salaries.168 604 29.73 25.71 0.Ordinary Shares ii).289 0 (5.00 32.36 0.Current Assets (B1+B2+B3+B4+B5) 1.Other non-current assets B.263 79.457 9.36 - - - - - - 0.Operating fixed assets at cost 3.477 113 590 1.Inventories 3.370 34 0 0 12.233 9.855 0 0 14.04 -1.420 18.31 -1.00 4.Tax provision (current year) 9. administrative and other expenses i).263 0 56.041 37.Capital work in progress 2./share) [(F7-F8)/No.908 0 24.263 93.887 0 121.564 0 28.026 - - - - - - 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 - - - - - - 0 6.45 0.129 0 29.Long term secured loans 2.854) 604 93.25 73.Acid test or quick ratio[(B1+B3+B4) to C] 2.289 37.289 37.Administrative and other expenses 5.Break-up value shares (Rs.263 0 45.41 52.31 0.304 0 8.56 44.04 -1.28 0.Total capital employed (E+D) 2.887 37.197 98.29 7.Debentures/TFCs 4. shares] 17.Retention in business (F7-F8-F9) 4.Sales i)./share) (E/No.20 0.624 37.Return on assets [F7 as % of avg.Trade Debt 4.Cost of sales i).004 104.364 0 0 0 0 0 - - - - 0 0 60.263 0 42.25 0.Financial Statement Analysis of Non Financial Sector 2010 Usman Textile Mills Ltd.05 0. Subscribed & Paid up capital i).Assets turnover ratio [F1 to (A+B)] 5.20 G.Revenue Reserve 3.263 93.31 12.270 0 1.25 7.584 0 0 (1.420 18.304 0 93. shares) 154 - - - - - - 0.04 0.05 10.24 21.Trade Debt as % of sales (B3 as % of F1) 4.904 99.Cost of goods sold to sales (F2 as % of F1) 7.381 0 19.Return of equity (F7 as % of avg.00 -1.004 104.Dividend cover ratio [(F7-F8) to F9] 12.947 0 99.270 F.Total amount of dividend 10.62 - - - - - - 0.Gross Profit 4.00 4.Reserves i).Employees benefit obligations 5.584 0 0 - - - - - - 164.53 10.General.Operating cash flow to debt ratio [F11 to (C+D)] 16.74 0.Current ratio (B to C) 6.Financial expenses as % of sales (F6 as % of F1) 3.Total fixed liabilities (D1+D3) 3.263 83.270) 4. E) 10.564 0 - - - - - - 0 0 0 0 0 0 - - - - - - 0 0 0 0 0 0 164.477 0 113 0 590 0 1.00 -1.57 25.864 37.127 0 5.(A+B)] 9.499 0 0 8.129 0 28. of Ord.00 0.263 93.04 .00 4.157 604 93.00 4.168 604 29.878 15 20 33 33 33 0 0 0 0 0 0 0 0 0 0 0 0 79 39.31 -1.Preference shares 2.Contractual Liabilities (G2+C1) H.Earning per share after tax (Rs.

80 3. of Ord.07 15.088 312.20 6.179.124 14.Other current liabilities D.026.982 336.318 602.879 525.49 89.Local sales (Net) ii).69 2.Administrative and other expenses 5.23 3. shares] 17.570 63.057 807.906) 0 (219.10 6.Selling & distribution expenses ii).Export Sales (Net) 2.47 1.387 484.160 400.122 G.614 400. G1) 11.655 0 106. Items A.935 1.872) 400.249 0 (30.464 61.029 64.529 688.50 - - - - -9.442.50 0.104 133.506 5.241 154.52 10.871 60.017 0 24.06 0.801 0 120.00 0.Short term investments 5.066 276.510 1.042 554.378 27.Dividend cover ratio [(F7-F8) to F9] 12.123 113.Preference shares 2.Non-Current Assets (A1+A3+A5+A6+A7) 1.42 4.16 8.632 786.204 0 0 2.657 138.700 0 0 39. E) 10.537 202.218 575.83 0.Earning per share after tax (Rs.66 1.715 0 285.Break-up value shares (Rs.307 227.618 14.Operating fixed assets at cost 3.40 0.245 177.536 341.166 - - - - (2.000 0 (226.840) 0 (226.00 1.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Salaries.388 293.843 6.338 444.Key Performance Indicators 1.016 400.000 0 (230.000 0 (230.Other non-current liabilities E.681 - - - - 768.924) 400.255) 133.55 0.005.Miscellaneous 1.23 0.Issued.Reserves i).General.192) 181.886 202.152 907.14 3.92 5.35 4.659 234.863 78.71 80.088 644.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 422.322.24 -11.51 0.924 0 298.Other input cost 3.838.Shareholders Equity (E1+E2+E3) 1.562) 144.665 47.06 0.33 12.793 1.305.142 208.569 877.58 3.125 839.02 0.194 83.56 0.079 83.831 0 0 21.20 2.122 1.734 64.194 0 7.Long term unsecured loans 3.003 1. shares) 13.23 0.901 33.043 285.Other non-current assets B.Total capital employed (E+D) 2.65 5.962 0 (2.000 180.Operation: 1.Cost of material ii).043 21.250 227.39 1.764 746.Operating cash flow to debt ratio [F11 to (C+D)] 16.Current Liabilities (C1+C2) 1.50 91.854 318.000 0 (219.867 0 163.871 1.33 0.076 400.443 0 1.Ordinary Shares ii).Trade Debt as % of sales (B3 as % of F1) 4.397) 6.48 0.680 169.075 0 1.054 755.Acid test or quick ratio[(B1+B3+B4) to C] 2.085 1.00 -0.233 169.124 0 0 0 0 285.00 -5.973 69.094 400.Net profit margin (F7 as % of F1) 15.874 64.06 4.972.980 955.898 11.04 0.225.34 2.422 129.387 1.627.Cost of sales i).462 637.177.Capital Reserve ii).Tax provision (current year) 9.173 1.47 1.Long term secured loans 2.95 3.Debentures/TFCs 4.351 0 0 107.216 0 158.516 75.927 71.18 1.35 0.Debt equity ratio [(C+D) to E] 8.204 - - - - (92.233 697.Total amount of dividend 10.42 1.788 117.Financial Statement Analysis of Non Financial Sector 2010 Yousaf Weaving Mills Ltd.653 0 - - - - 51.000 180. of Ord.593 - - - - 2.686 125.529 579.787 53.701 1.280 (19.66 0.00 -0.836 211.981 442.Current ratio (B to C) 6.943 637.Cost of goods sold to sales (F2 as % of F1) 7. Subscribed & Paid up capital i).40 100.09 4.Cash & bank balance 2.533 148.402.886 660.659 0 89.352 0 158.617 40.80 636.785 0 2.Assets turnover ratio [F1 to (A+B)] 5.256) 69.666 16.54 1.546 6.851 499.Contractual Liabilities (G2+C1) H.79 89.151 3.469) 276.573 9.411 22.657 0 (9.Total value of bonus shares issued 11.725 420.37 0.Trade Debt 4.644 93.Financial expenses as % of sales (F6 as % of F1) 3.Return on assets [F7 as % of avg.061 740.539 147.10 0.77 26.677 33.569 51.68 11.851 143.804 64.579 1.Capital work in progress 2.24 4.67 1.884.098.425 1.349 83.547 502.866 749.097) 138.906) 928.17 3.178 951.479 144.206 175.555 1.72 0.898 13.71 4.Depreciation for the year 5.78 6.374 1.367 227.332 169.Inventories 3.680 0 (252.738 784.573.52 91.171 50.029 124.630 112.57 1.Revenue Reserve 3.804 677.Retention in business (F7-F8-F9) 4.32 1.577 214.28 155 - - - - 10.000 169.054.341) 0 (99./share) (E/No.584 514.Intangible assets 6.Cash flows from operations - - - - 69.107 196.067 568.67 4.29 0.000 173.Return on capital employed ( F7 as % of avg.09 10.78 91.Financial expenses of which: (i) Interest expenses 7. wages and employee benefits 6.772 937.444 (71.840) 400.Total fixed liabilities (D1+D3) 3.66 4.941 469.781 143.206 112.175 0 0 - - - - 134.17 2.316 1.984) 400.878 63.Return of equity (F7 as % of avg.049 930.24 .565 789.441.110 64.23 0.392.Current Assets (B1+B2+B3+B4+B5) 1.Employees benefit obligations 5.Net profit before tax 8.698 831.Short term Secured loans 2.265 2.(A+B)] 9.471./share) [(F7-F8)/No.95 0.389 1.862 431.273 - - - - 208.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.84 4.849 129.797.558 1.98 0.Operating fixed assets after deducting accumulated depreciation 4.19 5.Gross Profit 4.143.052 38.250 3.71 0.Sales i). administrative and other expenses i).172 836.12 -78.194 131.45 -3.906 78.Long term investments 7.262 2.221 89.386) - - - - 400.796 946.828 0 0 706 10.87 - - - - 27.Inventory Turnover Ratio (F1 to B2) 13.262 77.337 27.13 -10.07 6.866 49.96 2.669 F.29 0.329 47.772 371.81 0.Other current assets C.000 0 (219.000 181.442 0.92 3.729 2.303 1.643 1.271 460.20 0.698 349.

Local sales (Net) ii).278 - - - - 538.322 G.148 8.116 138.122 156.437.Other input cost 3.042 67.55 -4.304 141.529 340.050 167.007 3.257 0 148.108.565 0 (50.325 280.165 149.Return on capital employed ( F7 as % of avg.24 - - - - 15.610 110.947 1.36 7.Current ratio (B to C) 6.303 247.129 0 0 319.Employees benefit obligations 5.551 1.426.74 11.074 3.358 11.939 1.850 169.54 13. Items A.12 3.270 1.Current Liabilities (C1+C2) 1.06 -16.32 2.22 0.093 49.422.302.933 978.116 625.510 102.947 104.Gross Profit 4.Shareholders Equity (E1+E2+E3) 1.Net profit margin (F7 as % of F1) 15.060 2.77 1.260 442.51 10.612 709.906 11.220 - - - - 340.444 114.985 1.119.093 463.389 340.27 9.494 1.772.516 102.38 31.052 - - - - 25.176. G1) 11.Long term unsecured loans 3.509 598.005 30.835 59.581 221.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 341.741.Other non-current liabilities E.28 5.975 1.42 22.Net profit before tax 8.139.073.753 0 10.82 2. wages and employee benefits 6.232 207.509 0 266.Retention in business (F7-F8-F9) 4.000 155.482 6.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.500.67 156 - - - - 4.093 344.Total amount of dividend 10.74 0.156 938.595 542.133 107.451 603.27 3.00 -1.511 1.218.302.709 31.467 1.Salaries.378 1.443 71.239 341.Total fixed liabilities (D1+D3) 3.51 0.617 476.282 1.05 14.Capital work in progress 2.737.282 110.282.957 1.535 0.Break-up value shares (Rs.00 0.460 0 20.Operating cash flow to debt ratio [F11 to (C+D)] 16.000 (116.10 2.832 102.Tax provision (current year) 9.845.53 -5.757 1.49 24.Reserves i)./share) [(F7-F8)/No.09 5.375 332.18 1.268.Contractual Liabilities (G2+C1) H.25 93.509 110.41 17. shares] 17.990) 9.545 9.81 19.933 332.273 30.06 1.829 578.456 320.61 3.216 320.086 1.Financial Statement Analysis of Non Financial Sector 2010 Zahidjee Textile Mills Ltd.Trade Debt as % of sales (B3 as % of F1) 4.044 238.801 695.286 138.832 154.48 -4.389 1.Key Performance Indicators 1.85 0.088 0 0 0 0 - - - - 0 113.22 4.812 33.Short term investments 5.56 10.933.Operating fixed assets after deducting accumulated depreciation 4.518 340.Intangible assets 6.543.564 2.109.539 7.933 1.37 1.527 305.91 83.71 0.473 1.Short term Secured loans 2.242 229.425 1.Return on assets [F7 as % of avg.35 5.Operating fixed assets at cost 3.Export Sales (Net) 2.127 340.Administrative and other expenses 5.558.Assets turnover ratio [F1 to (A+B)] 5.90 - - - - 2.Current Assets (B1+B2+B3+B4+B5) 1.250 1.030 37.002 86.999 36.20 7.59 2.026 10.553 155.Non-Current Assets (A1+A3+A5+A6+A7) 1.143 77.438 1.341 112.14 0.989 245.General.Return of equity (F7 as % of avg.889 1.Trade Debt 4.236 480.Other non-current assets B.645 87.12 0.92 19.603 455.418 567.179.57 5.402.742 89. of Ord.04 -3.437 1.Financial expenses of which: (i) Interest expenses 7.99 25.093 961.573 275.836 15.774 62.944 134.Preference shares 2.Depreciation for the year 5.797 0 0 - - - - 131.73 1.(A+B)] 9.933 27. Subscribed & Paid up capital i).312 1.49 0.093 0 170.51 3.Dividend cover ratio [(F7-F8) to F9] 12.585 348.82 87.173 191.635.Cost of material ii).952 8.418 718.263 1.242 128.370.Cost of goods sold to sales (F2 as % of F1) 7.Miscellaneous 1.Cost of sales i).95 1.31 -2.294 102 8.95 0.729 340.Capital Reserve ii).098 1.Other current assets C.162.613 561.Debt equity ratio [(C+D) to E] 8.77 0.70 1.67 -1.97 0.000 65. shares) 7.Cash flows from operations - - - - 8.99 1.76 17.Total value of bonus shares issued 11.668 16.27 13.Inventory Turnover Ratio (F1 to B2) 13.751 1.030 15.421 227.412 168.957 1.310.190 308.834.37 0.845 218.777 519.086 2.687.750 1.51 2.65 0.492.Selling & distribution expenses ii).50 0.535 92. of Ord.000 138.707 134.62 9.983.Total capital employed (E+D) 2.024 - - - - 175.244 7.070 31.09 0.065) 167.794.47 87.402.787) 1.00 0.Acid test or quick ratio[(B1+B3+B4) to C] 2.223 841.805 34.655 0 - - - - 82.672 3.643.419 128.887 15.282 1.509 0 478.989 393.00 12.132 1.09 94.Other current liabilities D.400 248.093 818.784 1.925 66.78 0.300 1./share) (E/No.69 2.832 1.313 0 137.093 0 234.718 82.375 110.000 0 0 0 0 180.351 594.283 379.856 42.286 112.Operation: 1.234 175.293.310.Financial expenses as % of sales (F6 as % of F1) 3.509 0 190.79 2.099.10 0.88 5.836 183.128.960.86 91.524 (116.395 2.251.Sales i).Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.27 0.060 - - - - 11.812 1.002 166.014 4.04 .195) 0 0 0 76.Long term investments 7.40 -10.517 110.Inventories 3.389 445 0 0 4.93 91.143 49.636 0 0 (40.195) 1.61 0.75 0.467 997.Long term secured loans 2.093 0 851.Issued.657 362.61 -3.227 158.66 0.178.422 0 145.472 19.816 45.864 F.899 1.411 932.353 1.784 177.093 320.268.370 0 280. administrative and other expenses i).421 86.Ordinary Shares ii).Debentures/TFCs 4.81 1.Revenue Reserve 3.977 80.378 1.94 0.509 677.016 68.181 243.652 70.Earning per share after tax (Rs.033 2.Cash & bank balance 2.866.469 605.26 0.733. E) 10.13 1.015 141.661 0 (4.37 0.389 1.433 263.220 110.

136.50 15.09 -2.24 6.837 1.273 0 229.827 2.17 0.60 0.48 1.287 474.308 721.622 678.211.567 766.022 2.482 55.084 605.888 378.Earning per share after tax (Rs.Short term Secured loans 2.772 1.115 74.284 939.638) 594.374.059 83.351 1.Depreciation for the year 5.69 0.009 1.81 86.066 1.764 755.295 0 0 0 0 - - - - 0 0 0 0 706.290 0 0 229.062 1.699 2.931 474.633) 0 (302.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.492 1.64 4.04 -1.Issued.99 4.406.420 952.378) 17.595 1.971.Return on assets [F7 as % of avg.Administrative and other expenses 5.89 0.44 .034 954.638 27. G1) 11.891 292.990 1.251 - - - - 594.158.476 1.Sales i).113.287 650.057 103.145 31.Retention in business (F7-F8-F9) 4.Operating fixed assets at cost 3.80 0.196 3.529 391.275.Operating cash flow to debt ratio [F11 to (C+D)] 16.Cost of material ii).871 - - - - 361.793 2.74 -26.586.General.Total capital employed (E+D) 2.719 764.58 9.287 0 58.Assets turnover ratio [F1 to (A+B)] 5.344.350 594.752.678 (59.115 1.192.838 1.462 195.654 5.026.444 35./share) (E/No.064.79 -9.049 - - - - 694.78 89.845 313.357.967 1.328 - - - - 114.402 283.15 10.52 10.Debt equity ratio [(C+D) to E] 8.61 3.991) 9.Other input cost 3.758 678.830.25 0.202 1.204 13.Other non-current liabilities E.000 55.Inventories 3.802 2.Acid test or quick ratio[(B1+B3+B4) to C] 2.610 669.135.92 89.50 -6.Cost of sales i).348.275.813 694.99 -7.00 -3.Ordinary Shares ii).287 0 56.915 132.Cost of goods sold to sales (F2 as % of F1) 7.Trade Debt 4.79 3.931 277.Local sales (Net) ii).281) 2.586.29 0.273 515.538 594.299 317.949 388.77 10.951 1.419. of Ord.308.89 0.20 2.Long term investments 7.Cash flows from operations - - - - 48.44 4.589 309.373 1.490.04 10.562.996 683.78 0.271.655 182.076 1.05 3.849 0 282.68 -1.Salaries.837.809 928.977.54 -21.385 53.663.944) 1.415.16 13.50 0.963 1.638) 0 (263.601.Employees benefit obligations 5.Other non-current assets B.062 954.607 0 2.783) 13.150 2.659 1.14 -13.924 7.74 6.638 1.912 53.623 1.287 653.622.Preference shares 2.83 - - - - 2.Current Assets (B1+B2+B3+B4+B5) 1.565 2.77 -2.155 459.211.921 34.Export Sales (Net) 2.204 368.17 13.204 2.59 10.860 755.Financial expenses as % of sales (F6 as % of F1) 3.57 -10.228 247.435.69 4.Capital work in progress 2.84 3.746.54 0.408 143.Net profit margin (F7 as % of F1) 15.026.Cash & bank balance 2.084 0.893 0 0 0 0 0 0 0 0 - - - - 468.Total fixed liabilities (D1+D3) 3.174 (155. shares] 17.600 2.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 1.543 48.Miscellaneous 1.67 0. of Ord.26 7.175 268.206 1.44 -5.13 2.Long term unsecured loans 3.933 721.837 1.990 594.28 0.Tax provision (current year) 9.069 417.Revenue Reserve 3.711.80 0.777 966.Non-Current Assets (A1+A3+A5+A6+A7) 1.Short term investments 5.90 0.65 89. administrative and other expenses i).986 468.61 0.367 9.Long term secured loans 2.668 2.29 9.412 353.880 346.622.202 1.Selling & distribution expenses ii).580 843.382.931 83.Contractual Liabilities (G2+C1) H.287 584. Subscribed & Paid up capital i). Items A.701 587.Return of equity (F7 as % of avg.Operating fixed assets after deducting accumulated depreciation 4.Key Performance Indicators 1.Financial Statement Analysis of Non Financial Sector 2010 Zephyr Textiles Ltd.172 2.893 (76.815 942.330 477.069 16.387 594.547 1.090 498.58 2.63 90.Dividend cover ratio [(F7-F8) to F9] 12.570 0 46.287 798.Inventory Turnover Ratio (F1 to B2) 13.966.395 74.333 0 0 16.287 0 (302.697 166.590 241.909 1.461 958.436 459.195 497.00 0.287 647.96 13.Current Liabilities (C1+C2) 1.481.406 14.969 207.Net profit before tax 8.618) 2.634.Debentures/TFCs 4.563 0 0 (189.Total value of bonus shares issued 11.093 G.764 203.640 114.14 11.712.621.Trade Debt as % of sales (B3 as % of F1) 4.29 13.594 39.772 1.408 2.267 100.590 100.637 594.287 0 (263.Financial expenses of which: (i) Interest expenses 7.699 1.644 594.191 87.183.806 555.64 -4.967 1.054 263.132 1.Total amount of dividend 10.883 1.92 4.330 683.Capital Reserve ii).963 2.771 1.121 280.78 10.(A+B)] 9.51 11.564.517 1.Other current liabilities D.543 59.Break-up value shares (Rs. shares) 157 - - - - - - 5.962 119.00 0.975.177 2.94 2.393.385 215.50 3.695 0 24.155 (165.41 13.62 90.74 0.14 -4.279 2.86 0.00 0.Other current assets C.772 1.44 - - - - 36.61 0. E) 10.Operation: 1.20 0.203 19.413 274.Gross Profit 4.085 672.161 0 0 - - - - 138.030 804.352 2.451.561 129.125 5.732.90 4.Reserves i).228 608.750 2.287 0 204.95 0.583 627.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.94 0.503 0 15.327.529 215.641 1.607 0 (202.301 599.081.35 3.686.893 108.Shareholders Equity (E1+E2+E3) 1.388 265.49 1.007 1.239 0 0 104.Return on capital employed ( F7 as % of avg.672.464 28.541 594.287 0 23.127.12 0.895 267.277 594.872 197.476 - - - - 30.00 0.79 0.Current ratio (B to C) 6.08 3.899 2.733 1.933 474./share) [(F7-F8)/No.Intangible assets 6.752.91 0.948 1.934 90.23 0.476 2.366 6.633) 316.054.775 F.260. wages and employee benefits 6.

MADE-UP TEXTILE ARTICLES .

672.791 14.Total fixed liabilities (D1+D3) 3.Return on assets [F7 as % of avg.586.Reserves i).682.964 125.88 0.920.65 0.525 1.960 7.201 0 4.Miscellaneous 1.Financial Statement Analysis of Non Financial Sector 2010 Made-up textile articles .Break-up value shares (Rs.232.66 2.115.832 58.331 74.815 9.760.776 7.802 85. Subscribed & Paid up capital i).Cash flows from operations - - - - 953.76 62.817.411 7.930.726 11.05 85.001.05 84.Cost of goods sold to sales (F2 as % of F1) 7./share) (E/No.253.041 - - - - 5.Cost of sales i).24 0.737.61 12.Revenue Reserve 3.05 9.33 91.182 8.059.97 85.600.828.86 17.847 143.836 61.549 11.02 84.041.290 3. E) 10.Return of equity (F7 as % of avg.861.137.075.70 0.Long term investments 7.330 0 0 0 0 50.222 234. of Ord.369 1.456 1.Other non-current liabilities E.768 2.723 792.747 2.Other input cost 3.65 1.141 8.Administrative and other expenses 5.38 5.117.053.025 - - - - 280.297 209.44 4.01 1.904 231.270 10.881.Long term unsecured loans 3.695 62.363 6.700 11.172.473 16.284.19 0.748.197.70 24.120.Current Liabilities (C1+C2) 1.78 3.72 0.201.Overall Items A.Total capital employed (E+D) 2.Total value of bonus shares issued 11.193.660.123 1.Operating fixed assets after deducting accumulated depreciation 4.227.25 16.108.151./share) [(F7-F8)/No.73 24.Intangible assets 6.475 7.78 3.999 1.864 23.090. of Ord.359 26.516.79 11.073.Short term Secured loans 2.70 13.274.307 3.984 759.273 2.Net profit margin (F7 as % of F1) 15.971.279.90 15.324 946.603 1.467 14.378.14 6.368.17 2.534 5.04 2.178.016 0 680.192.079.495 756.747 1.236 0.(A+B)] 9.339.296 545.633.927 4.49 15.201.757 5.Dividend cover ratio [(F7-F8) to F9] 12.393 3.179.131.38 4.202 5.149 0 174.57 0.018 0 106.088 12.527 115.832 - - - - 11.492 847.598.60 4.Capital work in progress 2.99 22.726 9.037 21.556 9.922 - - - - 993.071.79 0.32 4.45 5.63 0.004 993.878.37 39.Other non-current assets B.694 485.93 83.332 869.Financial expenses of which: (i) Interest expenses 7.304.91 4.10 0.Ordinary Shares ii).747 252.61 0.053.751 3.778 4.000 7.431 2.85 22.Current ratio (B to C) 6.00 6.Long term secured loans 2.196.795.43 4.963 772.333 7.333.Gross Profit 4.759 11.570 9.686.926 953.454 149.987.Trade Debt as % of sales (B3 as % of F1) 4.330 777.645 59.971.Other current assets C.Operating cash flow to debt ratio [F11 to (C+D)] 16.369.Other current liabilities D.132.827 0 - - - - 2.12 0.893 111.273.33 3.998.Capital Reserve ii).086 1.979.118.22 6.999 0 5.67 2.201 6.010.809 12.Sales i).589 12.451 2.481 101.922 1.823 2.General.999 9.068.515 151.518 510.445.876 1.767.913.135.671 3.78 3.795 33.744 7.019 980.34 49.143 738.516.986.083.08 5.581 5.834.Net profit before tax 8.34 2.Salaries.401 10.856 17.756 10.271 3.065.894 4.659.Trade Debt 4.512 1.891 1.67 9.823 0 0 10.532 - - - - 1.173 24.795 3.07 1.124.477.267 0 49.913 13.418.426.339.773.52 0.823 8.193.115.497 2.Acid test or quick ratio[(B1+B3+B4) to C] 2.201 0 4.850 9.943 13.284 1.099.034 668.Earning per share after tax (Rs.220 0 891.757 34.Key Performance Indicators 1.884.179.162 1.922 9.Issued.894.Local sales (Net) ii).617 G.87 - - - - 472.906 2.957 4.591 7.303. wages and employee benefits 6.133 F.313 32.500 4.441 14.531.341.472.708 4.225.335.378 6.061 14.Contractual Liabilities (G2+C1) H.882.231.101.517.126 4.945 8.948.634 6.609 4.183 4.162 12.467.193.202 0 3.925 0 722. G1) 11.21 4.458.94 0.201 5.832 1.969.332 15.66 2.14 17.540.428 0 1.778 18.054.090.452 3.82 0.938 45.00 1.Total amount of dividend 10.041.Retention in business (F7-F8-F9) 4.464 1.865 30.685 6.077 6.930.115.592.91 0.Inventory Turnover Ratio (F1 to B2) 13.273 3.582 613.Employees benefit obligations 5.42 6.778.58 6.220 38.337 - - - - 2.389 7.347 9.829.485.939 11.068.887 266.40 .Current Assets (B1+B2+B3+B4+B5) 1.00 6.168 8.Preference shares 2.915 132.759 0 1.56 0. administrative and other expenses i).530 15.43 30.003.12 4.966.Depreciation for the year 5.036 7.628.91 1.05 41.750 993.001.327 1.625 900.722 108.662.248 13.07 3.614 737.Return on capital employed ( F7 as % of avg.985 4.571 500 1.894 2.102 1.999.Inventories 3.727.511.370 10.355.098.737.162 10.455 993.610 5.03 4.Debt equity ratio [(C+D) to E] 8.333 612.099.777 1.211 6.858.084 16.177 5.124 1.296 14.823 1.89 1.551.344.377.Operation: 1.437.659 12.614 3.22 3.04 82.142 25.45 6.025 19.333 26.193.35 4.918.778.248.339 7.927 228.872 60.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Cash & bank balance 2.003.07 1.86 1.366.725.997 2.948.823 10.478 1.477.269 4.00 2.842 10.689 5.008 4.363.781 1.Operating fixed assets at cost 3.Selling & distribution expenses ii).30 3.137 3.846 12.608 0 2.Debentures/TFCs 4.797. shares] 17.Tax provision (current year) 9.676 2.Cost of material ii).975 180.093 - - - - 38.122.00 1.617.Non-Current Assets (A1+A3+A5+A6+A7) 1.663.877 13.38 3.05 3.043 134.802 3.08 45.882.74 4.700.290 4.42 6.163.65 7.255 7.870 823.618 6.Export Sales (Net) 2.182 1.598.193.485 7.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 6.726 1.51 0.43 5.279.266.015.065.999 0 8.039 14.Financial expenses as % of sales (F6 as % of F1) 3.840 165.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.295.202.056 12.985 0 3. shares) 159 - - - - 2.389 5.894.427.Short term investments 5.727.621 1.870 8.524 14.101.78 7.58 0.388.307 45.764.Shareholders Equity (E1+E2+E3) 1.497 1.074.401 7.Assets turnover ratio [F1 to (A+B)] 5.

12 Return on Return on Assets Equity 2.42 16 13.1% 20% 0% Current Non-Current Shareholders Liabilities Laibilities Equity 2010 Growth Billion Rs 25 108.0% 20 15 10 5 7.76 8 6 4 2 0 7.33 6.04 0.3% Billion Rs 25 20 30% 15 22.Growth with Composition of Assets & Liabilites 30 160% 140% 138.7 3.5% 2009 10 2010 8 2009 2010 9.07 4 2 4.0% 20% 10 5 10% 0 0% Sales Gross Profit 15.65 14 12 Net Profit Before Tax Key Performance Indicators Profitability/Efficiency Ratios Percentage 40% 30.52 1.9% 120% 100% 80% 60% 47.93 0 Return on Capital Emloyed Currtent Ratio Debt Equity Ratio Net Profit Margin Earing Per Share after Tax .4% 0 Non-Current Assets Current Assets 2009 Growth & Composition of Operations 2009 2010 Growth 50% 30 43.45 6.9 Percentage 10 6 4.9% 40% 20.78 3.45 3.

689 88.16 0.517 61.Employees benefit obligations 5.Long term investments 7.22 1.888 51.63 0.24 1.639 21.Export Sales (Net) 2.796 4.77 14.Salaries.Cost of material ii).190 61.Administrative and other expenses 5.08 21.Trade Debt as % of sales (B3 as % of F1) 4.999 3. of Ord.Total capital employed (E+D) 2.507 69.Other non-current liabilities E.183 0 23.336 57.95 2.39 1.50 0.Retention in business (F7-F8-F9) 4.Return of equity (F7 as % of avg.Net profit before tax 8.542 0 0 0 0 26. shares) 161 0.810 231.542 4.Net profit margin (F7 as % of F1) 15.131 161.911 10.498 63.93 7.Operating fixed assets after deducting accumulated depreciation 4.01 1.907 114.Earning per share after tax (Rs.Other current assets C.844 26.Total value of bonus shares issued 11.727 42.786 3.910 201.293 0 2.485 14.04 2.482 8.571 13.980 16.86 9.Key Performance Indicators 0. E) 10.38 3.324 2.795 61.257 13.Long term secured loans 2.616 5.Short term Secured loans 2.88 - - - - 2.047 4.356 0 0 0 0 - - - - 0 0 0 0 50.72 3.971 0 10.183 250.713 193.680 10.815 55.246 66.517 0 30.36 1.92 89.438 298.Sales i).446 1.111 1.036 1.844 7.439 225.341 75.254 31.85 4.813 84.733 268.Reserves i).879 11.583 3.85 22.264 13.Dividend cover ratio [(F7-F8) to F9] 12.02 86.043 0 12.845 91.273 10.714 6.09 1. of Ord.328 0 0 18.Inventories 3.176 101.517 81.680 118.00 0.108 1.Return on capital employed ( F7 as % of avg.00 1.336 3.32 6.Ordinary Shares ii).68 6.444 56.Current ratio (B to C) 6.273 202.603 171.237 105.206 205.03 89. Items A.09 87.Other non-current assets B.91 0.Break-up value shares (Rs.91 - - - - 1.517 91.Revenue Reserve 3.Short term investments 5.01 1.65 1.328 6.Financial expenses of which: (i) Interest expenses 7.315 44.559 120.522 28.98 .21 1.98 0.Other current liabilities D.273 28.08 0.326 207.52 4.494 92.003 151.663 30./share) (E/No.133 4.593 4.933 25.14 1.Selling & distribution expenses ii).093 122.928 8.483 14.Gross Profit 4.87 0.64 0.517 79.Cost of sales i).37 18.117 14.367 84.979 77.517 91.General.08 2.228 6.Current Liabilities (C1+C2) 1.20 0.517 0 18.062 60.75 2.346 - - - - 61.261 28.374 - - - - 141.834 2.Issued.873 35.163 1.987 75.11 0.006 0 24.Financial Statement Analysis of Non Financial Sector 2010 Aruj Garment Accessories Ltd.15 90.007 314.65 5.Debt equity ratio [(C+D) to E] 8.669 5.50 0.92 1.269 0.306 88.118 235.522 8.482 (1.869 54.09 0.Other input cost 3. shares] 17.093 90.939 8.Operating cash flow to debt ratio [F11 to (C+D)] 16.059 0 12.278 61.485 8. Subscribed & Paid up capital i).Operation: 1.317 0 0 - - - - 7.762 31.627 73.443 5.70 5.507 12.517 0 29.Miscellaneous 1.517 85.592 788 9. wages and employee benefits 6.595 61.228 0 12.133 13.57 1.26 4.655 61.964 166.76 2.288 31.443 61.857 61.689 7.571 8.Capital work in progress 2.Financial expenses as % of sales (F6 as % of F1) 3.Tax provision (current year) 9.869 31.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 81.954 12.545 12.627 16.48 1.27 13.Inventory Turnover Ratio (F1 to B2) 13.701 1.95 4.047 57.238 0 13. G1) 11.10 4.060 43.09 1.972 220.187 39.710 8.477 112.12 2.60 0.845 0 200.94 1.73 12./share) [(F7-F8)/No.20 4.389 4.67 1.845 141.27 13.32 11.Cash flows from operations - - - - 4.111 93.682 75.685 31.Cost of goods sold to sales (F2 as % of F1) 7.517 0 20.766 12.484 8.Non-Current Assets (A1+A3+A5+A6+A7) 1.(A+B)] 9.627 86.07 1.729 61.101 0 0 12.30 89.813 5.680 128.340 0 0 84.696 10.340 0 18.102 4.399 F.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.863 61.276 14.355 66.239 78.680 6.880 2.177 119.056 65.Return on assets [F7 as % of avg.18 1.793 7.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.58 1.438 - - - - 2.433 120.947 4.710 55.072 - - - - 14.Total amount of dividend 10.376 11. administrative and other expenses i).28 1.95 11.071 0 - - - - 2.018 201.797 4.246 61.00 2.710 119.423) 53.00 14.494 97.41 12.571 27.940 0 32.Acid test or quick ratio[(B1+B3+B4) to C] 2.292 7.Capital Reserve ii).05 13.738 112.125 345.078 0 24.356 0 0 16.Shareholders Equity (E1+E2+E3) 1.32 3.95 17.267 263.09 0.82 4.971 426 0 0 17.078 61.907 8.292 0 24.84 8.Depreciation for the year 5.12 2.099 35.707 10.Intangible assets 6.Current Assets (B1+B2+B3+B4+B5) 1.511 0 32.Long term unsecured loans 3.015 81.27 0.673 61.517 0 13.47 1.21 4.Debentures/TFCs 4.Preference shares 2.95 0.Total fixed liabilities (D1+D3) 3.00 2.08 9.Contractual Liabilities (G2+C1) H.30 7.Cash & bank balance 2.108 51.27 - - - - 3.48 1.Assets turnover ratio [F1 to (A+B)] 5.Trade Debt 4.815 71.517 0 24.Local sales (Net) ii).856 G.960 - - - - 9.190 1.23 8.959 136.994 0 42.Operating fixed assets at cost 3.421 203.

180) 0 (21.577 22.Other current liabilities D. shares) 162 - - - - - - -12.53 0.56 0.331 379.846) 0 0 0 (23.Depreciation for the year 5.012 0 0 0 0 0 0 0 27.498 2.21 - - - - - - 0.665 239.651 0 252.208 18.180) 20.488 89.00 -10.00 -8.718 (41.000 0 (59.790 0 5.012 0 4.074 94.Key Performance Indicators 1.651) 111.074 94.385 0 271.331 341.364 (30.Inventory Turnover Ratio (F1 to B2) 13.718 312.000 (41./share) (E/No. administrative and other expenses i).Current Assets (B1+B2+B3+B4+B5) 1.790 5.000 0 (84.General.Dividend cover ratio [(F7-F8) to F9] 12.737 5.Other non-current assets B.78 .438 5.640 26.289 0 8.Total capital employed (E+D) 2.386 0 0 0 0 - - - - 0 0 0 0 245.Cost of sales i).926 1.839 26.Non-Current Assets (A1+A3+A5+A6+A7) 1.Short term Secured loans 2.Return on assets [F7 as % of avg.Reserves i).Export Sales (Net) 2.994 249.Current Liabilities (C1+C2) 1.07 11.45 -9.331 0.00 - - - - 0.24 -31.06 -8.380 0 300.500 (143.331 (69.00 2.Other input cost 3.018 174.444 89.968) 20.721 21.72 -19.926 - - - - 94.48 0.82 0.000 (62.58 0.Long term investments 7.Ordinary Shares ii). of Ord.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 28.331 187.00 0.289 8.359 18.942) 100.000 0 (61.920 22.Cost of goods sold to sales (F2 as % of F1) 7.000 0 (82.67 -5.364 18.299 G.70 - - - - - - 0.765 175.026) 20.51 0.719 (64.331 360.Issued.937 0 44.Other non-current liabilities E.26 -34. shares] 17.42 -20.846) 111.994 203.056 0 - - - - 0 0 0 0 0 0 0 0 0 0 - - - - 0 0 0 0 0 0 0 0 (24.00 0.480) 0 2.Financial Statement Analysis of Non Financial Sector 2010 Fateh Sports Wear Ltd.037) 0 23.Operating fixed assets after deducting accumulated depreciation 4.518) F.Break-up value shares (Rs.000 (64.982 100.222 264.Total amount of dividend 10.074 34.00 0.229 13.577 1.Long term secured loans 2.09 0.133 298.074 0 94.751 0 48.Cost of material ii).Other current assets C.36 -7.979 244.640 2.000 20.28 0.67 56.Total fixed liabilities (D1+D3) 3.78 0.Shareholders Equity (E1+E2+E3) 1.310 0 12.189 111.201 173.Return of equity (F7 as % of avg.(A+B)] 9.Selling & distribution expenses ii).147 0 290.877 14.518) 89.Long term unsecured loans 3.74 162.Retention in business (F7-F8-F9) 4.52 -0.Debt equity ratio [(C+D) to E] 8.00 1.08 -15.90 -9.Financial expenses of which: (i) Interest expenses 7.00 0.69 0.312 1.037) 53.074 0 94.Capital Reserve ii).73 0. Items A.Miscellaneous 1.310 12.Intangible assets 6.537) 20.Earning per share after tax (Rs./share) [(F7-F8)/No.443 (24.555) 53.555) 20. E) 10.Trade Debt as % of sales (B3 as % of F1) 4.555) 0 (30.074 28.Gross Profit 4.480) 20.Administrative and other expenses 5.488 0 0 0 - - - - 0 18.00 -0.716 89. of Ord.480) - - - - 20.97 -32.00 0.90 -3.651) 0 0 0 (16.Operation: 1.Employees benefit obligations 5.Salaries.000 0 (44.873 0 19.Cash flows from operations - - - - 12.Operating fixed assets at cost 3.21 56.75 0.037) 20.Capital work in progress 2.799 111.67 51.426 0 27.83 -12.906 34 19 17 11 10 26 30.000 0 (89.856 21.Local sales (Net) ii).359 23.498 24.000 (39.00 0.055) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 - - - - 0 12.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Cash & bank balance 2.83 0.500 (112.Total value of bonus shares issued 11.18 -5.942) 0 0 0 2.17 51.129 0 289.536 0 51.226 16.Inventories 3.524 0 42.000 (69.312 19.00 0.968) 0 (23.95 45.918 0 46.180) 20.92 -3.81 -46.13 -7. wages and employee benefits 6.387 89.Assets turnover ratio [F1 to (A+B)] 5.143 24.19 -46.026) 0 (16.Operating cash flow to debt ratio [F11 to (C+D)] 16.18 45.Net profit before tax 8.856 1.60 0.331 (39.470 0 228.478 89.081 0 200.66 0.915 - - - - (21.00 0.76 - - - - 13.Debentures/TFCs 4.Net profit margin (F7 as % of F1) 15. G1) 11.Contractual Liabilities (G2+C1) H.968) 20.00 -11.915 0 0 0 0 0 0 0 0 0 4.19 -5.Sales i).026) 20.Financial expenses as % of sales (F6 as % of F1) 3.Trade Debt 4.61 -6.426 0 18.331 (62.519 12.518) 0 0 0 (30.437 256.Acid test or quick ratio[(B1+B3+B4) to C] 2.Return on capital employed ( F7 as % of avg.544 19.253 6.24 - - 0.Revenue Reserve 3. Subscribed & Paid up capital i).444 0 0 0 23.13 162.719 328.Tax provision (current year) 9.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.23 7.47 0.Current ratio (B to C) 6.Preference shares 2.00 0.Short term investments 5.

487 490.39 2.Trade Debt 4.491 2.094 2.491 8.660.209 9.Total fixed liabilities (D1+D3) 3.785 3.574 0 854.085 11.489 6.01 - - - - 2.Salaries.381 47.979 6.Acid test or quick ratio[(B1+B3+B4) to C] 2. Subscribed & Paid up capital i).95 0.546 8.164.604 2.99 4.862 3.884 - - - - 963.925.780.82 21.49 4.541.Inventories 3.797 4.966 6.481.222.582.37 6.000 0 132.General.893.253 0 5.Capital work in progress 2.717.509 4.81 3.Issued.348 0 479.60 1.029 551.312 685.331 1.195 4.544 2.016 202.206 6.385 5.477 58.40 4.03 3.929.472 1.449.545 2.925.742 781.617 6.052.727 2.Revenue Reserve 3.167 1.Cost of goods sold to sales (F2 as % of F1) 7.28 58.302 476.928 3.Retention in business (F7-F8-F9) 4.Cost of material ii).097.671 2.439.Cash & bank balance 2.Assets turnover ratio [F1 to (A+B)] 5.989 2.79 2./share) [(F7-F8)/No.501.945 139.449.811 2.Return of equity (F7 as % of avg.482 8.Tax provision (current year) 9.63 3.522.747.478 35.000 0 38.38 4.672 4.794 8.772.922 27.151.167 2.566.332 12.337 4.81 3.246.Other current liabilities D.582.Reserves i).296 7.Financial expenses as % of sales (F6 as % of F1) 3.Long term unsecured loans 3.373.667 634.46 50.Selling & distribution expenses ii).989 0 1.03 0.660.650 446.245 732.784 5.525 0 21.642 7.642.112.026 639.702.028 634. Items A.Shareholders Equity (E1+E2+E3) 1.Key Performance Indicators 0.99 83.168 800.869 58.429 621.394.29 18.04 8.Current ratio (B to C) 6.Operating cash flow to debt ratio [F11 to (C+D)] 16.446.028.95 85.337 9.391 4.Operating fixed assets at cost 3.836 6.284.748 10.363 8.44 0.561 11.410.30 4.65 3.00 2.820 4.484 F.431.395 8.353 0 968.095 11.566.139 - - - - 6.82 1.617.915.238.988.996 4. E) 10.Miscellaneous 1.919.010.Financial expenses of which: (i) Interest expenses 7.276 5.071 781.26 1.901 693.921 182.151.325 2.45 4.91 85.785 0 2.45 - - - - 236.Trade Debt as % of sales (B3 as % of F1) 4.238 551.081 5.72 0.720 34.261 5.773 2.772.425.414 7.250 2.06 83.19 0.486 4.02 1. shares) 163 - - - - - 2.987 0 2.Short term Secured loans 2.247 5.859 9.785 383.035.777 484.007 2.509 274.259 870.619) 4.653.56 0.871.923 1.178 8.710.724.895 959.207.186 1.845 69.204 551.56 6.284 4.580.630.151.325 0 1.494.209 7.Export Sales (Net) 2.590 0 135.40 5.820 2.200.209 5.Dividend cover ratio [(F7-F8) to F9] 12.53 48.52 0.Net profit before tax 8.278 83.987 2.376 681.107 2.042 - - - - 634.302.458 6.Employees benefit obligations 5.435 28.107.730.855.Gross Profit 4.95 20.20 0.34 0.31 0.243 494.027 79.525 7.25 3.927.455 6. of Ord.589 16.072 0.288 1.537 3.449.210.608 10.Other non-current liabilities E.839 4.373 611.66 0.214.Cost of sales i).250 821.839.168 6.00 -0.852.191 551.653 623.787 10.Total amount of dividend 10.465.272 634.075.022 383.599 2.282 0 38.20 1.Break-up value shares (Rs.50 22.61 1.04 1.953.628.15 0.490.838 66.112 5.332 4.086 6.29 5.281 2.385 7.472 693.85 0.685.81 1.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Net profit margin (F7 as % of F1) 15.762.826 412.448 5.385.484.866 31.288.177.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 4.650 0 0 0 0 0 0 0 0 - - - - 2.284 5.546 39.987 0 2.987 3.54 3.254.822 2.Debentures/TFCs 4.021 4.696.117 19.Intangible assets 6.484.601 5.04 .604 120.699.227 459./share) (E/No.306.008.486 9.Other current assets C.899.204.Long term secured loans 2.556 609.Contractual Liabilities (G2+C1) H.21 1.Inventory Turnover Ratio (F1 to B2) 13.733.590.060 862.Ordinary Shares ii).Financial Statement Analysis of Non Financial Sector 2010 Gul Ahmed Textile Mills Ltd.Depreciation for the year 5.558 0 (34.65 0.553 - - - - 121. of Ord.93 0.955 4.924.498.662.75 51.Other non-current assets B.956.230 379.036.936.908 4.Return on assets [F7 as % of avg.108 2.258 3.751. shares] 17.40 1.331 1.02 32.98 0.272 0 82.67 0.450 1.Earning per share after tax (Rs.Non-Current Assets (A1+A3+A5+A6+A7) 1.17 0.561 1.754 5.144 2.Current Liabilities (C1+C2) 1.61 10.Debt equity ratio [(C+D) to E] 8.940.36 7.820 5.802 115.350.Short term investments 5.332 11.214.630 4.28 0.88 3.Total capital employed (E+D) 2.85 2.97 0.Administrative and other expenses 5.432.116.80 7.833 1.Sales i).00 3.97 82.297.149.947 378.603.222.737 707.07 0.43 6.776.023 1.38 11.000 0 38.091.912 536.473.852.010.90 51.752 0 0 5.Preference shares 2.272 623.908 39.Return on capital employed ( F7 as % of avg.12 0.25 3.02 85.252 204.16 60.17 1.135.224 963.827.164.188 2.(A+B)] 9.028.245.536.621 514. administrative and other expenses i).352 0 0 201.198 0 194.468 4.450 845.422 982.042 4.Total value of bonus shares issued 11.636.00 2.929.034 162.191 67. G1) 11.550 2.273 15.944 2.626 157.337.081.672.113.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14. wages and employee benefits 6.787 0 0 442.Operating fixed assets after deducting accumulated depreciation 4.785 0 3.477 G.991.965 30.Operation: 1.262 4.201 2.Long term investments 7.887.697 459.643 317.377 51.337 - - - - 1.742 1.98 1.70 6.332 262.56 2.82 12.568.491 2.036.Current Assets (B1+B2+B3+B4+B5) 1.Cash flows from operations - - - - 611.Capital Reserve ii).947 - - - - 2.215 - - - - 33.659.982.Local sales (Net) ii).49 1.975 2.23 21.885.272 1.86 4.007 1.768.077.553 14.293.15 2.838 5.Other input cost 3.

083 14.40 4.Total fixed liabilities (D1+D3) 3.Current Assets (B1+B2+B3+B4+B5) 1.43 6.05 31.500 41.48 7.Miscellaneous 1.589 - - - - 48.371 85.Salaries.873 394 12.Intangible assets 6.17 0.24 0.017 7.507 6. of Ord.279) F.294 19.Other non-current assets B.000 15.Capital work in progress 2.Debt equity ratio [(C+D) to E] 8.805 600 0 0 2.82 11.66 1. administrative and other expenses i).951 3.706 0 8.482 G.615 1.421 551 1.Cash & bank balance 2.186 4.Key Performance Indicators 1.706 30.Operating fixed assets at cost 3.918 51.05 31.796 0 1.56 1.250 0 (19.61 25.Other input cost 3.706 30.498 0 - - - - 0 0 0 0 0 0 0 0 0 0 - - - - 0 0 0 210 0 0 0 0 14.22 34.608 66.425 0 9.378 21.260 96.800 0 0 - - - - 15.31 0.50 5.71 4.360 30.428 7.776 8.Earning per share after tax (Rs.103 61. of Ord.981 4.57 -0.365 4.796 30.94 1.Total amount of dividend 10.23 12.292 4.498 0 36.530 45.833 17.Assets turnover ratio [F1 to (A+B)] 5.11 9.700 2.Capital Reserve ii). shares) 164 - - - - 9.478 53.71 0.Long term unsecured loans 3.Shareholders Equity (E1+E2+E3) 1.365 21.Short term Secured loans 2.701 137.Revenue Reserve 3.000 0 (8.706 0 8.430 49.Sales i).20 3.532 86.743 67.884 7.45 0.84 13.701 137.312) 30.095 53.328 17.400 0 0 16.896 29.91 88.360 0 1.78 56.425 3. G1) 11.29 17.171 4.795 78.58 21.99 1.48 0.000 0 (15.58 1.Financial expenses of which: (i) Interest expenses 7.115 73.55 1.94 1.57 1.Reserves i).Tax provision (current year) 9.596 - - - - 30.Operating fixed assets after deducting accumulated depreciation 4.000 46.34 1.Export Sales (Net) 2.Return of equity (F7 as % of avg. Items A.412 0 46.Other current liabilities D.532 86.General.12 5.052 - - - - 1.48 0.Cost of sales i).806 0 14./share) (E/No.831 71.43 0.28 - - - - 2.204) 30.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.61 86.873 394 12.Trade Debt 4.23 0.608 66.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.(A+B)] 9.93 27.Long term investments 7.44 15.Net profit before tax 8./share) [(F7-F8)/No.327 8.58 21.07 28.916 154.07 89.Depreciation for the year 5.803 180.299 26.807 21.52 1.037 1.735 72.706 0 16.25 26.133 46.640) 30.46 3.48 7.71 1.700 21.Selling & distribution expenses ii).068 0 63.63 1.516 8.498 0 41.258 0 11.00 2.589 21.23 9.87 3.Preference shares 2.Short term investments 5.Acid test or quick ratio[(B1+B3+B4) to C] 2.Local sales (Net) ii).Return on assets [F7 as % of avg.Issued.831 71.89 12.833 4.Contractual Liabilities (G2+C1) H.57 1.Inventory Turnover Ratio (F1 to B2) 13.Break-up value shares (Rs.250 0 (19.706 30.Net profit margin (F7 as % of F1) 15.378 0 7.447 35.64 3.Financial Statement Analysis of Non Financial Sector 2010 International Knitwear Ltd.11 4.596 30.Operation: 1.35 2.Non-Current Assets (A1+A3+A5+A6+A7) 1.068 18.615 1.700 2.027 47.487 7.727 1.Return on capital employed ( F7 as % of avg.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 18.07 28.Cash flows from operations - - - - 7.448 17.645 130.367 4.Total capital employed (E+D) 2.000 35.000 0 (14.46 3.97 3.93 2.76 41.367 14.86 1.Cost of goods sold to sales (F2 as % of F1) 7.058 0 46.71 41.700 67.Ordinary Shares ii).678 7.87 .80 1.981 4.364 0 8.44 15.777 210 41.84 0.378 15.049 20.388 77.934 62.123 34.00 0.498 0 41.00 56.448 3.299 7.243 - - - - 9.718 1.808 17.688 30.662 14.884 0 6.Current Liabilities (C1+C2) 1.626 0 10.Trade Debt as % of sales (B3 as % of F1) 4. E) 10.61 86.02 0.428 7.Current ratio (B to C) 6.Employees benefit obligations 5.05 12.00 4.87 17.324 10.Long term secured loans 2.67 31.Retention in business (F7-F8-F9) 4.008 1.Other non-current liabilities E.Total value of bonus shares issued 11.80 1.279) 14.470 51.046 2.57 - - - - 1.378 0 7.706 0 16.71 25. wages and employee benefits 6.585 4.726 75.217 0 63.008 1.30 13.18 29.000 0 16.00 0.878 12.57 -0.069 0 60.171 4.32 85.205 6.000 21.Other current assets C. shares] 17.264 1.50 3.073 19.083 4.706 0 0 83.294 0 0 0 0 - - - - 0 0 0 0 38.868 7.89 13.Debentures/TFCs 4.Gross Profit 4.058 0 0.406 15.Administrative and other expenses 5.121 87.Dividend cover ratio [(F7-F8) to F9] 12.726 75.862 55.530 45.62 29.Operating cash flow to debt ratio [F11 to (C+D)] 16.087 600 0 0 7.411 14.823 7.052 158.344 83.469 0 9.123 0 59.000 0 16.378 21.500 46.447 66.732 145.095 15.77 1.277 5.000 46.688 0 6.66 10. Subscribed & Paid up capital i).776 3.96 91.11 7.292 7.Cost of material ii).20 3.103 61.Financial expenses as % of sales (F6 as % of F1) 3.000 30.425 42.464 5.378 158.000 0 5.Inventories 3.

50 1.26 30.640 2.031 895.19 0.243 0 0 3.36 6.368.134 637.Revenue Reserve 3.270 3.003.568 123.654 3.774 30.Contractual Liabilities (G2+C1) H.905.185 322.390.723 1.625.911 226.576 903.280.855 94.453 785.482 208.838 1.479 605.101 0 2.Net profit before tax 8.900 23.51 15.765.168 226.997 17.499.329 1.78 0.11 7.Earning per share after tax (Rs.Depreciation for the year 5.307 931.06 4.784 3.15 0.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 1.74 2.317 8.Trade Debt 4.242 5.71 65.685.82 14.948 121.962.256 65.24 83.269.013 207.367.221 494.790.321 748.Operating fixed assets after deducting accumulated depreciation 4.81 6.Long term secured loans 2.864 254.101 5.783.76 84.Cash & bank balance 2.892 G.246.156 776.Ordinary Shares ii). Subscribed & Paid up capital i).220 1.275 547.298 17.512 3.101 2.Cost of material ii).999 18.39 6.584 2.472.101 0 950.869 86.58 0.291 4.801 384.688 558.37 4.60 1.242 109.Total amount of dividend 10.172 - - - - 1.211 12.625 214.470 788.176.367.542 1.823 33./share) [(F7-F8)/No.730 0 0 0 0 - - - - 5.035 1.406 2.Financial Statement Analysis of Non Financial Sector 2010 Liberty Mills Ltd.46 1.211 426.402.230 45.582 1.756 0 17.308.00 8.65 25.228.Issued.15 3.840.012 226.756 5.961 183.335 853.756 0 - - - - 260.232 137.676 2.127 946.122.71 37.Short term investments 5.136 1.815 5.00 12.397 2.Retention in business (F7-F8-F9) 4.171 269.435 24.353. of Ord.887 4.422 311.580 2.38 23.202 1.188 1.101 0 621.Return of equity (F7 as % of avg.49 1.020 226.504 528.677.Return on assets [F7 as % of avg.753 634.037.30 2.520 547.416 1.39 0.55 32.144 45.051 0 1.773 1.41 28.22 52.Sales i).Other current liabilities D.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.707 66.258 139.06 18.13 .31 23.866 1.413.287.609.02 8. shares) 165 - - - - 7.Operating cash flow to debt ratio [F11 to (C+D)] 16.064 0.Total fixed liabilities (D1+D3) 3.977.496 65.138 0 0 0 0 23.383 122.31 0.68 6.481.387 205.73 4.Assets turnover ratio [F1 to (A+B)] 5.Current ratio (B to C) 6.90 1.53 11.121 146.489.077 3.957 2.Trade Debt as % of sales (B3 as % of F1) 4.992 2.317 8.390.Local sales (Net) ii).18 229.427 5. administrative and other expenses i).Shareholders Equity (E1+E2+E3) 1.61 2.001 522.942 740.101 1.Tax provision (current year) 9.837.854 226.87 116.134 254.838 94.41 9.814 137.023 - - - - 3.471 0 473.037.Financial expenses as % of sales (F6 as % of F1) 3.101 205. of Ord.60 1.882 226.714 208.128.463.375 2.125 91.367 3.732 4.508 3.20 0.Preference shares 2.113.02 85.511 205.224.876.708.009 783.433 596.14 0.53 1.866 108.687.131.Long term investments 7.Current Liabilities (C1+C2) 1.Debt equity ratio [(C+D) to E] 8.Intangible assets 6. Items A.Miscellaneous 1.06 20.473 1.943 113.Other current assets C.195 596.Total capital employed (E+D) 2.537 2.04 3.927 811.433.Selling & distribution expenses ii).Gross Profit 4.555 243.Current Assets (B1+B2+B3+B4+B5) 1.905 12.921 67.829 902.576 122.547 848. shares] 17.74 41.788 829.220 0 328.113.125.733 1.Return on capital employed ( F7 as % of avg.830 0 945.Dividend cover ratio [(F7-F8) to F9] 12.265.43 0.Cost of sales i).086 131.684 154. wages and employee benefits 6.Financial expenses of which: (i) Interest expenses 7.839.324 13.551 500 869.607 1.566 4.324 4.34 11.087 3.02 85.47 13.534 3.24 21.84 1.626 1.433 214.084.Key Performance Indicators 1.427 - - - - 224.931.325.209.164 1.548 155.615 3.Total value of bonus shares issued 11.Inventory Turnover Ratio (F1 to B2) 13.339.084.716.326.031 3.678 657.014 276.27 1.Debentures/TFCs 4.602.462 1.58 23.126.183 2.42 0.295 528.298.00 14.General.Other non-current assets B.Short term Secured loans 2.96 0.714 518.069 2.428.188.241 260.538 856.108 46.801 F.138 388.679.731 504.560 1.42 1.723.156 - - - - 440.794 12.915 152.280.518 5.917 2.263 1.694 0 169.Administrative and other expenses 5.271 179.101 1.43 0.634.625.840 226.762 2.55 15.Other input cost 3.54 2.Reserves i).719.264.809 1.307 146.04 28.956 1.50 4.29 3.Capital work in progress 2.83 86.46 0.23 4.Other non-current liabilities E.655.649 1.606 52.505 14.917 6.612.741 4.27 10.453 1. G1) 11.300.211.845 776.745 854.348 701.009.41 1.49 - - - - 38.Break-up value shares (Rs.462 1.420 4.Employees benefit obligations 5.895 68.51 7.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.588 0 151.Cash flows from operations - - - - 183.00 9.03 1.47 28.600 0 298.Non-Current Assets (A1+A3+A5+A6+A7) 1.269.989 344.660.21 82.67 9.915 0 - - - - 338.752 158.Operating fixed assets at cost 3.301.601 0 231.014.49 6.20 9.263 994.971 322.399.689 113.17 29.484 3.038.655.869 1.Long term unsecured loans 3.409.Inventories 3.808 500 168.(A+B)] 9.763 47.901 24.067 226.Export Sales (Net) 2.103 12.44 9.26 0.Cost of goods sold to sales (F2 as % of F1) 7.52 6.101 0 1.185 762./share) (E/No. E) 10.06 6.021.557 - - - - 226.658 226.942 72.220 0 379.579.24 0.781 2.Net profit margin (F7 as % of F1) 15.Acid test or quick ratio[(B1+B3+B4) to C] 2.272.Capital Reserve ii).96 9.26 12.66 6.Salaries.689 2.39 1.101 0 4.997 1.77 6.61 1.Operation: 1.349 1.217.832 20.87 10.744 788.300.349 1.610.387 46.030 2.547 0 647.543 558.

98 11.002 15.Operation: 1.652 44.Return on capital employed ( F7 as % of avg.83 -19.Return of equity (F7 as % of avg.12 0.499 175.571 28.763 58.098 27.889 113.340 105.Cash flows from operations - - - - 32.480 0 0 (21.42 .596 0 193.609 203.63 79.413 0 210.847 16.04 108.913 88.272 2.Financial Statement Analysis of Non Financial Sector 2010 Moonlite (Pak) Ltd.22 0.198 156.76 0.844 152.956 203.25 -10.097 21.311 108.540 5.32 2.478 184.500 54.39 3.94 -28.207 104.499 35.074 0 52.78 79.387) 19.592 0 15.90 -43.815 0 1.764 72.Break-up value shares (Rs.Debentures/TFCs 4.Financial expenses of which: (i) Interest expenses 7.Issued.61 -28.90 1.Tax provision (current year) 9.595 152.453 28.076 0 180.Revenue Reserve 3.595 0 32.674 141.878 5.968 83.91 42.Capital Reserve ii).99 37.Long term unsecured loans 3.70 4.19 -19.06 -12.411 102.900 90.818 63. G1) 11./share) (E/No.016 0 (23.353 167.199 31.074 0 36.63 0.Total amount of dividend 10.93 -12.Operating fixed assets after deducting accumulated depreciation 4.413 21.878 82.296 246.596 21.91 0.007 1.706 8.161 (20.798 73.328 1.90 134.303 187.06 0.956 23.202 623 660 2.228 93.718 16.573) 121.878 5.383) 16.167 158.565 0 5.594 57.84 3.658 240.Local sales (Net) ii).24 - - - - 1.Total capital employed (E+D) 2.198 - - - - 49.470 399 193.596 0 243.Ordinary Shares ii). wages and employee benefits 6. of Ord.Selling & distribution expenses ii).755) 479 0 0 (38.476 23.49 -13.596 0 154.500 0.371 2.498 271.22 0.943 2.340 156.755 51.General.303) 0 1.032 249.42 3.324 0 0 0 0 0 0 84.63 1.943 421 714 176. administrative and other expenses i).Administrative and other expenses 5.457 0 215.703 126.413 0 210.044 5.457 0 265.97 -14.629 (9.547 9.755) - - - - 6.38 3.Gross Profit 4.Other current liabilities D.Other non-current liabilities E.609 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.Trade Debt as % of sales (B3 as % of F1) 4.08 70.868 21.159 160.Capital work in progress 2.45 122.071 21.348 0 19.00 97.817 21.80 3.478 129.198 63.Export Sales (Net) 2.064) 2.55 9.Short term Secured loans 2.632 - - - - 237.Current Assets (B1+B2+B3+B4+B5) 1.311 126.90 0.Long term secured loans 2.681 4.Operating fixed assets at cost 3.Sales i).99 37.Inventory Turnover Ratio (F1 to B2) 13.592 0 6.03 99.Cost of material ii).Financial expenses as % of sales (F6 as % of F1) 3.Intangible assets 6.17 81.830 14. of Ord.47 107.69 0.24 0.Other current assets C.595 265.82 1.596 175.86 1.46 84.954 101.722 0 15. E) 10.98 0.Total value of bonus shares issued 11.83 - - - - 11.00 2.218 F.264 32.422 265.233) 15.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.(A+B)] 9.Debt equity ratio [(C+D) to E] 8.065 21.837 0 0 320.453 31.413 21.Employees benefit obligations 5.159 117.Key Performance Indicators 1.993 24.871 47.57 19.393 4.422 21.074 0 21.596 0 62.509 0 0 211.Cost of sales i).358 901 0 0 - - - - 24.Salaries.Net profit margin (F7 as % of F1) 15.77 0.788 (38.956 4.094 158.Return on assets [F7 as % of avg.817 - - - - 21.24 39.503 0 - - - - 0 0 0 0 0 0 0 0 0 0 - - - - 102.14 0.644 0 4.11 -18.20 1.30 -30.86 134.674 141.131 13.Assets turnover ratio [F1 to (A+B)] 5.14 0.26 6.476 23.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 109.66 19.596 53. Subscribed & Paid up capital i).Reserves i).236 399 153.45 122. shares] 17.818 75.218 4.Current ratio (B to C) 6.703 237.844 152.90 1.726 87.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.207 82.832 0 (39.775 221.82 0.Retention in business (F7-F8-F9) 4.094 0 232.596 0 243.Non-Current Assets (A1+A3+A5+A6+A7) 1. Items A.596 215.901 (30.685 1.84 -6.471 101.00 -10.434 0 0 0 0 - - - - 0 1.Preference shares 2.Earning per share after tax (Rs.08 73.080 0 30.92 24.878 107.Short term investments 5.59 0.17 2.55 9.91 2.358 901 0 0 211.66 97.519 3.Total fixed liabilities (D1+D3) 3.75 -1.61 -12.700 211.Depreciation for the year 5.464 21.830 14.832 21.57 -14.166) 15.Long term investments 7.692 21.815 245.Trade Debt 4.66 97.Other input cost 3.589 0 108.282 0 4.91 2.646 121.589 88.074 0 21.596 265.254 199./share) [(F7-F8)/No.Inventories 3.Net profit before tax 8.00 97.094 109.44 0.81 32.065 0 (31.763 58.Dividend cover ratio [(F7-F8) to F9] 12.066 82.539 176.471 5.Shareholders Equity (E1+E2+E3) 1.Contractual Liabilities (G2+C1) H. shares) 166 - - - - 1.24 1.218 23.Miscellaneous 1.86 0.44 132.340 0 114.706 82.Current Liabilities (C1+C2) 1.284 0 10.681 G.Other non-current assets B.324 21.80 1.Operating cash flow to debt ratio [F11 to (C+D)] 16.20 -16.Cash & bank balance 2.Cost of goods sold to sales (F2 as % of F1) 7.15 88.35 122.224 75.11 -8.90 0.62 3.218 105.848 113.

S.E. .OTHER TEXTILES N.

461.00 -3.Net profit margin (F7 as % of F1) 15.90 .918.546 - - - - 8.558 - - - - 8.903 F.874 6.97 2.264.977 7./share) (E/No.739 0 568.87 3.539 9.645.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 24.752.Current Assets (B1+B2+B3+B4+B5) 1.481 44.044.526.533.394 6.Capital Reserve ii).204 168.031.74 1.941 9.Financial Statement Analysis of Non Financial Sector 2010 Other textiles n.46 5.16 44.Intangible assets 6.657 740.732 2.e.Overall Items A.508 0 3.804 286.096) 22.49 1.18 0.987 2.00 0.758 16.42 3.299 8.760.699 7.509 1.298 1.Return of equity (F7 as % of avg.862 8.605.961 25.992.531.12 94.099.145 1.82 -24.908.246 15.928 14.257 8.922 111.327.09 -5.Local sales (Net) ii).942 46.920 1.97 - - - - 1.250 - - - - 2.73 0.Net profit before tax 8.32 -9.913.522 864.Total capital employed (E+D) 2.823 21.Dividend cover ratio [(F7-F8) to F9] 12.981.942 (678.011 8.Short term Secured loans 2.180.532 1.958 9.759.044.Break-up value shares (Rs.696.687 0.980.79 0.Employees benefit obligations 5.245.837 24.s.318.Cost of material ii).Operating fixed assets after deducting accumulated depreciation 4.384 4.561.18 6.239.409. wages and employee benefits 6.76 9.216.General.626 2.770 6.606 18.397 175.330) 13.112 18.Current ratio (B to C) 6.603 9.Operating fixed assets at cost 3.076.339 42.190 27.892 - - - - 45.068.421 43.848 540.330 (208) (1.363 3.273.749.907 27.38 2.75 0.382 0 1.21 20.074 4.Long term secured loans 2.Return on assets [F7 as % of avg.662 4.14 89.873.Non-Current Assets (A1+A3+A5+A6+A7) 1.44 0.391.244.284.133 5.999.744 11.745 50.745 29.462 2.188 603.Debt equity ratio [(C+D) to E] 8.833.14 0.009 0 (3.054 1.19 93.821 9.648.751.545 46.830 1.Financial expenses of which: (i) Interest expenses 7.41 3.065.616 2.146 4.793.242.974.587 3.275 0 8.70 4.869 129.638.Current Liabilities (C1+C2) 1.327 25.466 12.073 21.487.935.495.44 36.Other current liabilities D.Other current assets C.980 9.Ordinary Shares ii).128 30.756 2.418.727 0 1.906 9.248 15.065.124.913.794.907 30.783.65 99.134 10.899 302.823 3.291.084.030 1.28 1.589.854 32.072.397 26.188 15.74 1.33 22.599 40.814 19.260 5.476 4.87 3.Shareholders Equity (E1+E2+E3) 1.01 3.417.(A+B)] 9.63 0.243) 12.08 0.823 0 12.477 9.856.Gross Profit 4.97 0.407.398 2.Inventory Turnover Ratio (F1 to B2) 13.516 15.12 17.521 1.911.314. shares] 17.639 19.420.849 744.054 2.149 34.88 0.324 45.76 4.720.Other non-current assets B.Retention in business (F7-F8-F9) 4.614.766 24.555 30.732.047.921 11.262 504.531 27.82 2.953 29.450.Trade Debt 4.133 52.501 2.675 9.447.547 0 - - - - 10.223 4.Long term unsecured loans 3.Cash flows from operations - - - - 1.809 984.80 1.847) 301.128.982 - - - - 472.437.765.012 26.088.648 6.Selling & distribution expenses ii).647 4.793.225 22.347.160 9.015 0 15.966 36.350.618.922 27.239.561.745.148.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.827) 17.975.00 1.423.69 7.699 34.221.240.38 2.53 -13.323 21.680 28.375 1.99 7.295 3.805 1.530.584.609 19.030 750.857.00 8.44 4.334.32 1.534.80 -9.275 15.564.139.Sales i).525 255.772.677 16.22 2.517 1.047.711.497.889.129.363 29.073 0 9.80 14.452.863.82 -6.021.137 46.613 27.Return on capital employed ( F7 as % of avg.413 35.172.94 0.142 434.736.569.141 0 (2.928.Inventories 3.05 0.583.212.603 42.557.885 4.382 1.906 13.Preference shares 2. .Assets turnover ratio [F1 to (A+B)] 5. Subscribed & Paid up capital i).392.384 13. G1) 11.233.63 0.Long term investments 7.70 -14.014.09 4.083 9.649 43.593.30 0.40 6.62 4.321 11.45 0.139 274.55 19.225 0 2.181.524.890 9.891 8.135.839 2.Debentures/TFCs 4.527.053.097.935.519 311.506 6.990 593.300.34 5.963.02 8.161.60 10.35 0.369 (4.Cash & bank balance 2.693.280 52.950 1.544.854 - - - - 7.02 5.469 3.623 G.053 305.326.882 3.199 11.929.992.531.12 3.76 23.119 8.360 880.143.512.Acid test or quick ratio[(B1+B3+B4) to C] 2.450.852.455.583.Depreciation for the year 5.061. E) 10.Contractual Liabilities (G2+C1) H.136.000 - - - - 2.484 1.83 -20. of Ord.874 2.Export Sales (Net) 2.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Tax provision (current year) 9.04 0.707.553 2.800.382 6.869.719 9.536 37.Capital work in progress 2.35 0.510.743.22 1.Trade Debt as % of sales (B3 as % of F1) 4.823.12 91.015 9.Operating cash flow to debt ratio [F11 to (C+D)] 16.292.Financial expenses as % of sales (F6 as % of F1) 3.918. shares) 168 - - - - 1.423.131.497.085 41.646 1.627 8.Short term investments 5.552 3.026.738 4.279 9.362 10.Salaries.451 3.04 0.Total amount of dividend 10.264.735 9.382 174.53 -28.00 0.06 98.109.440.06 1.956 24.083.545 38.741 213.Cost of goods sold to sales (F2 as % of F1) 7.338.310 13.798.46 -4.086.00 7.142 40.157 85.496.481 36.082 2.655.Miscellaneous 1.646 879.541.932 87.70 3.70 0.Issued.89 3.59 -5.Earning per share after tax (Rs.939. of Ord.84 1.Cost of sales i).662 (4.787.825 32.399.394.477 5.308 10.042.068.Operation: 1.838 29.208.394.903.471.293.655.Reserves i).186 773. administrative and other expenses i).794 121.583.346 46.338 43.90 2.024.15 9.647 9.316 47.758 198.Administrative and other expenses 5.836 781.849 13.196 13.180 2.689 30.302 7.950.855 37.81 1./share) [(F7-F8)/No.166.62 1.Other input cost 3.584 2.573 2.362 2.697.226 13.830 39.394.982 44.189.836.879.325 9.79 9.421.606 0 12.720 9.811.386 4.Key Performance Indicators 1.867.068.223 1.963.444 30.Other non-current liabilities E.399 1.048) 465.732 175.572.01 1.550.878.914.965 14.290.652 905.11 -0.71 1.Total fixed liabilities (D1+D3) 3.530.053.748.955 12.Total value of bonus shares issued 11.939.005.494 5.Revenue Reserve 3.782 13.008 50.

83 Percentage Percentage 15 10 5 0 -5 -10 -15 -20 -25 14.00 1.5% -40% -54.35 Earing Per Share after Tax -5.Billion Rs Growth with Composition of Assets & Liabilites 60% 45 40 35 30 25 20 15 10 5 0 40% 45.7 0.14 0 Currtent Ratio -5 -10 Debt Equity Ratio Net Profit Margin -9.71 Billion Rs 40 30 20 5.65 1.15 47.10 10 4.13 Key Performance Indicators Profitability/Efficiency Ratios 22.82 5 Return on Equity -24.82 2.8% Non-Current Assets 20% Current Assets Current Liabilities 2010 2009 -60% Non-Current Shareholders Laibilities Equity Growth Growth & Composition of Operations 2009 2010 60 50 44.33 Return on Assets -6.31 0.12 .7 Return on Capital Emloyed -14.4% -20% -20.8% 0% -25.8 25 2009 2009 2010 2010 9.27 0 Sales -10 Gross Profit Net Profit Before Tax -4.04 10 7.4% -32.16 20 8.

Local sales (Net) ii).907 1.54 13.Inventory Turnover Ratio (F1 to B2) 13.674 2.225.83 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.Cost of goods sold to sales (F2 as % of F1) 7.99 3.58 0.80 0.879 9.156 0 336.Cost of material ii).789.161 172.880.056 56.327 122.162 2.713 0 105.90 84.Operating fixed assets after deducting accumulated depreciation 4.Break-up value shares (Rs.277.756 1.Assets turnover ratio [F1 to (A+B)] 5.887 5.Revenue Reserve 3.947 6.072 284.Reserves i).532.163 319.756.00 3. administrative and other expenses i).839 257.85 9.833 891.287 3.93 0.779 1.777 201.Preference shares 2.761.26 2.283 583.717.015 228.151.06 148.454.849 4.45 0./share) (E/No.630 3.Salaries.036 1.264.749 74.396 9.649 6.190.885 151.939. Subscribed & Paid up capital i).Non-Current Liabilities (D1+D2+D3+D4+D5) 1.997 2.Employees benefit obligations 5.691 189.511 1.139 5.174 7.894.21 2.Shareholders Equity (E1+E2+E3) 1.770 36.63 0. of Ord.Short term Secured loans 2.078 344.87 1.37 0.Trade Debt as % of sales (B3 as % of F1) 4.254.259 98.908 111.360.35 0.539 0 82.217.966 0 49.117 583.687 2.896 280.Retention in business (F7-F8-F9) 4.518 209.Earning per share after tax (Rs.396 - - - - 59.18 .838 2.499 74.76 1.979 133.Miscellaneous 1.81 1.Operating fixed assets at cost 3.509.397 45.041. G1) 11.040 2.909 0 415.977 95.58 4.09 1.222.Return on capital employed ( F7 as % of avg.824.747 7.192 0.Trade Debt 4.283 1.481. Items A.519.532.Gross Profit 4.850 310.Total value of bonus shares issued 11.562 2.157 308.Current Assets (B1+B2+B3+B4+B5) 1.763 94.783 0 960.Intangible assets 6.162 - - - - 3.73 0.761 95.184 0 347.Operating cash flow to debt ratio [F11 to (C+D)] 16.42 1.840 2. E) 10.605 0 0 95.827.Other current assets C.056 2.120.189 2.783 1.828 236.961 854.86 86.252 G.862 113.Export Sales (Net) 2.104 148.618 2.Ordinary Shares ii).146.964.391 273.72 5.765 10.828 1.Return of equity (F7 as % of avg.245.021 110.82 1.947 4.Debentures/TFCs 4.Net profit margin (F7 as % of F1) 15.19 2.88 83.Contractual Liabilities (G2+C1) H.26 1.379 95.319 663.110.791 5.201.001 279.027 6.548 0 197.100.795 F.747 2.285.093 279.866.938.Financial expenses of which: (i) Interest expenses 7.732.928.220.217.792.00 8.250 1.536 1.Other input cost 3.915 305.Cash & bank balance 2.516 525.675.36 11.949 95.782 1.093 682.311.783 0 868.06 4.03 4.738 2. of Ord.680 3.613 84.520 144.783 74.745 2.313.716.783 1.65 2.197.304 338.777 2./share) [(F7-F8)/No.145 559.872 257.495.600 3.772 107.50 0.03 6.48 6.Non-Current Assets (A1+A3+A5+A6+A7) 1.Dividend cover ratio [(F7-F8) to F9] 12.847 3.Sales i).Long term secured loans 2.783 0 1.249.539.825 95.80 8.110.758 3.70 1.036 3.27 - - - - 1.188 3.883 2.813.95 85.80 0.324 6.78 0.93 85.29 2.994 64.186.423 554.772 37.811 3.546.10 7.68 158.02 5.418 46.385.021 4.94 3.052 8.43 2.489.60 6.616 4.10 1.632 5.973 3.General.68 1.820 9.302 2.407 2.Current Liabilities (C1+C2) 1.06 4.428.Administrative and other expenses 5.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.40 1.059.40 2.259 0 0 0 0 98.094 1.250 0 1.67 0.Other current liabilities D.541 5.00 4.810 2.Total fixed liabilities (D1+D3) 3.318 257.650 0 31.Cash flows from operations - - - - 323.933 1.216 172.750 213. wages and employee benefits 6.Total capital employed (E+D) 2.859 177.251 0 35.515 95.927 107.144 3.782 0 1.(A+B)] 9.724 554.786 2.549.391 0 19.87 5.393 230.511 5.84 10.18 0.064 2.178 3.036.826.827 4.886.299.947 1.04 6.47 1.959 236.04 10.05 4.549 91.Selling & distribution expenses ii).97 3.Long term investments 7.223.474 4.69 4.469 63.919.421 1.522.889 40.Current ratio (B to C) 6.934.Financial Statement Analysis of Non Financial Sector 2010 Al-Abid Silk Mills Ltd.889 3.Financial expenses as % of sales (F6 as % of F1) 3.894 0 359.Capital Reserve ii).945 4.242.861 0 - - - - 854.177 2.37 6.987.16 143.459 436.045.00 4.Depreciation for the year 5.30 168.250 28.303 107.593 0 54.399 42.411.Cost of sales i).Tax provision (current year) 9.610.894 344.32 1.485 453.250 0 990.166 95.088 82.552 4.979 - - - - 95.086 7.462 323.777 174.250 1.779 5.007 10.83 0.102 - - - - 133.07 154.Other non-current assets B.89 5.12 0.273 1.951.Debt equity ratio [(C+D) to E] 8.393 597.302 319.344 0 318.529 3.981 0 1.68 0.967 739.032 0 27.59 3.147.184 0 - - - - 304.008.24 1.88 1.813 2.078 721.Key Performance Indicators 0.88 2.74 134.361 230.399 2.162 181.637.91 87.584.030. shares) 170 0.547 1.48 6.041.446 4.993 152.317 2.63 1.286.688.72 5.286.724 3.895 702.13 1.765 74.801.064.Long term unsecured loans 3.99 9.649 0 0 - - - - 0 0 0 0 2.06 0.Inventories 3.752.34 0.Capital work in progress 2.933 1.79 1.707.299.Return on assets [F7 as % of avg.436 26.24 0.199.Net profit before tax 8.534.Issued.80 3.228 3. shares] 17.370 136.360.348 3.564 10.80 1.254.432.629 256.247.702 0 299.895 610.104.612 - - - - 531.Short term investments 5.460 0 3.872 0 3.Operation: 1.Other non-current liabilities E.42 - - - - 150.861 0 98.Total amount of dividend 10.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 2.

Capital Reserve ii).244 0 0 0 0 - - - - 0 3.514 65.788 13.897 102.431 139.99 1.37 1.45 -4.788 202.005 411.617 10.11 0.Revenue Reserve 3.777 50.58 14.12 0.22 1.Gross Profit 4.050 653.981 6.38 0.22 0.00 4.225 98.106 557 765 1.Earning per share after tax (Rs. wages and employee benefits 6.441 415.753 16.243 0 46.974 132.868 147.483 501.015 76.Ordinary Shares ii).529 559.354 19. G1) 11.441 - - - - 1.Issued.Short term investments 5.698 14.Return of equity (F7 as % of avg.324 5.789 238 0 0 0 0 0 0 0 0 - - - - 0 1.141 31.700 0 449.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Assets turnover ratio [F1 to (A+B)] 5.700 499.68 0.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.51 3.26 2.Intangible assets 6.776 327.Total value of bonus shares issued 11.Operating fixed assets at cost 3.67 86.268) 70.140 147.45 1.Financial expenses as % of sales (F6 as % of F1) 3.890 F.24 1.291) 510.289 30.327 65.56 9.214 28.37 41.89 45.951 48.790 61.234 96.46 0.011 53.576 39.537 76.Break-up value shares (Rs.47 1.968) 16.380 0 92.754 5.050 553.Long term secured loans 2.00 5.724 50.030 198.72 0.Acid test or quick ratio[(B1+B3+B4) to C] 2.98 15.49 1.55 0.Depreciation for the year 5.355 595./share) (E/No.050 0 236.35 0.Preference shares 2.Employees benefit obligations 5.98 0.Operating cash flow to debt ratio [F11 to (C+D)] 16.93 2.Operating fixed assets after deducting accumulated depreciation 4.583 9.Salaries.Long term investments 7.Debt equity ratio [(C+D) to E] 8.031 419.101 199.789 1.628 0 26.309 23.51 1.709 8.180 665.Administrative and other expenses 5.432 428.09 0.Key Performance Indicators 1.617 106.050 50.Shareholders Equity (E1+E2+E3) 1.79 - - - - 1.Other input cost 3.12 85.269 160.97 10. administrative and other expenses i).Miscellaneous 1. Items A.Cash & bank balance 2.193 16.Current Liabilities (C1+C2) 1.460 19.General.Cash flows from operations - - - - 15.978 94.210 0 33.Trade Debt as % of sales (B3 as % of F1) 4.24 2.264 599.58 6.268 2.077 50.700 0 459.15 11.143 13.Cost of sales i).758 752.Sales i).072 0 (33.445 217.926 623.69 0.370 58. of Ord.080 15.(A+B)] 9.428 0 302.718 296.Net profit margin (F7 as % of F1) 15.427 70.483 117. Subscribed & Paid up capital i).280 391.769 550 554 7.932 0 213.Dividend cover ratio [(F7-F8) to F9] 12.13 12.335 33.183 93.011 17.951 29.Total fixed liabilities (D1+D3) 3.016 296.28 2.386 2.294 700.Operation: 1.280 0 295.958 41.00 -4.Total capital employed (E+D) 2.Return on assets [F7 as % of avg.31 1.027 238.488 67.878 15.479 94.680 288.44 3.265 0 21. shares) 171 - - - - - 1.24 5.969 162.Retention in business (F7-F8-F9) 4.495 82.Non-Current Assets (A1+A3+A5+A6+A7) 1.312 29.Long term unsecured loans 3.806 147.76 96.534 75.174 212.284 636.757 - - - - 1.840 0 0 (16.183 332.97 0.691 3.960 332.02 0.40 10.235 0 0 (4.60 0.Short term Secured loans 2.Net profit before tax 8.011 420.300 0 380.488 50.630 22.809 354.Selling & distribution expenses ii).651 12.649 4.309 419.445 461.428 415.32 0.46 12.534 28.892 109.501 1.106 265.Financial expenses of which: (i) Interest expenses 7.27 6.140 76.11 -5.Trade Debt 4.Other non-current liabilities E.094 301.035 135.134 0 110.056 30.793 - - - - 576.00 15.698 5.183 0 319.82 75.200 0 0 38.19 72.486 0 48.674 40.24 0. of Ord.81 0.700 313.355 73.491 32.28 98.50 100.718 76.284 165.98 7.Debentures/TFCs 4.840 50.441 391.005 510.21 0.622 76.843 74.858 22.999 50.050 0 338.12 3.444 43. E) 10.62 13.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 411.00 22.932 288.045 37.788 316.495 71.250 - - - - 82.Other current liabilities D.853 10.325 23.651 32.68 73.353 22.445 319.474 112./share) [(F7-F8)/No.551) 106.29 0.196 0.Local sales (Net) ii).272 50.126 15.704 19.02 0.776 386.478 2.204 113.700 0 477.Export Sales (Net) 2.630 428.30 104.Other current assets C.03 -3.70 2.491 240.Financial Statement Analysis of Non Financial Sector 2010 Bannu Woollen Mills Ltd.03 2.724 629.802 96.412 0 G.00 -0.415 67.Current ratio (B to C) 6.424 50.06 1.259 241.Inventory Turnover Ratio (F1 to B2) 13.Contractual Liabilities (G2+C1) H.27 -2.Total amount of dividend 10.Other non-current assets B.424 0 (2.812 247.74 2.071 420.86 0.050 0 237.Return on capital employed ( F7 as % of avg.668 - - - - 76. shares] 17.45 2.875 13.47 0.Reserves i).577 67.016 0 221.47 8.685 7.538 95.32 0.29 0.742 440.56 7.56 10.174 500.68 13.672 294.25 .856 7.Capital work in progress 2.97 0.354 54.48 -0.95 - - - - 5.914 68.700 527.651 33.451 1.69 0.Current Assets (B1+B2+B3+B4+B5) 1.624 35.Tax provision (current year) 9.843 30.Cost of goods sold to sales (F2 as % of F1) 7.508 0 0 41.Cost of material ii).12 7.692 - - - - 20.379 238 76.Inventories 3.464 110.806 0 127.486 16.28 74.19 72.

805 416.00 -3.198 3.619 G.Financial expenses of which: (i) Interest expenses 7.192 84.999) 387.64 90.081 373.903 56.Total value of bonus shares issued 11.219 17.39 0.74 -8.075 72.768 (405.002 547.98 3.363 51.635 0 (245.34 1.080 0 43.868 128.36 0.343 85.006 16.Non-Current Assets (A1+A3+A5+A6+A7) 1.053) 2.50 6.66 19.000 300.113 255.121 634.351 0 0 (52.890 - - - - (4.890 999.258 60.Inventories 3.892 208.939 30.12 12.09 -13.Cash & bank balance 2.543 17.309 39.28 0.Financial expenses as % of sales (F6 as % of F1) 3.19 10.760) 150.70 4.08 2.252 191.553 2.16 1.505 54.21 9.Cost of goods sold to sales (F2 as % of F1) 7./share) [(F7-F8)/No.219 17.99 0.902) 0 157.75 -10.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 274.Employees benefit obligations 5.50 103.519 63.Selling & distribution expenses ii).47 0.989) 2.99 1.03 8.Debt equity ratio [(C+D) to E] 8./share) (E/No.Short term investments 5.560 302.098 259.35 -3.634 470.26 - - - - 48.526 61.67 1.51 6.General.(A+B)] 9.923 305.Retention in business (F7-F8-F9) 4.519 0 70.684 (86.535) 150.153 59.Local sales (Net) ii).068) 35.99 1.401 747.519 4.537) 237.666 237.Key Performance Indicators 1.Cost of sales i).564 565.92 25.684 0 40.260 871.539 37.84 0.237 64.855 209.Net profit margin (F7 as % of F1) 15.Operating fixed assets after deducting accumulated depreciation 4.Total amount of dividend 10.277 0 584.198 0 0 0 0 - - - - 0 553 0 135 319.025 455.949 461.105 17.013 237.999 966.005 17.364 745.Return of equity (F7 as % of avg.679 255.965) 35.38 41.86 0.232 22.697 478.209 113.Other current assets C.755 40.99 2.249 17.175 - - - - 17.Operation: 1.18 -14.431 4.Gross Profit 4.966 76. of Ord.768 (330.000 (54.Long term unsecured loans 3.945 203.234 358.Capital Reserve ii).540 (84.000 286.679 478.Capital work in progress 2.884 (17.140 18.Reserves i).87 1.19 2.54 96.Contractual Liabilities (G2+C1) H.85 -0.Long term investments 7.903 76.635 314.Depreciation for the year 5.100 2.72 0.834 8.Dividend cover ratio [(F7-F8) to F9] 12.139 0 40.400 43.21 3.Intangible assets 6.00 10.352 191.141 0 0 - - - - 205.705 0 - - - - 95.635 (155.733) 384.52 0.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.073) F.121 126.434 95.Trade Debt as % of sales (B3 as % of F1) 4.Issued.27 0.91 0.Operating fixed assets at cost 3.004 64.Revenue Reserve 3.249 14.051 158.418 274.897 142.Net profit before tax 8.787 (94.Cash flows from operations - - - - 57.635 0 (305.21 -1.112 0 0 23.Administrative and other expenses 5.00 -0.Total fixed liabilities (D1+D3) 3. G1) 11.Tax provision (current year) 9.Current Assets (B1+B2+B3+B4+B5) 1.508 355.884 75.237 10.Operating cash flow to debt ratio [F11 to (C+D)] 16.21 .Inventory Turnover Ratio (F1 to B2) 13.378 - - - - 237.079 95.63 -10.Other input cost 3.193 57.62 0. shares] 17.606 566.119 602.658 446.483 82.883 513.125) 150.94 87.998 433.067 685.953 336.66 -160.55 0.25 -0.Other current liabilities D.Debentures/TFCs 4.374 241.638 - - - - 16.Miscellaneous 1.105 0 117.Trade Debt 4.Current ratio (B to C) 6.430 259.813 78.91 1.Preference shares 2.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.62 3.44 1.493 4.760 50.56 -7.893 631.33 -9.328) 75.30 34.125) 40.928 711.898 191.25 0.862 525.75 -4.113 256.025 331.17 34.00 0.34 1.198 789.164 0 967.718 130.Total capital employed (E+D) 2.662) 342.Break-up value shares (Rs.30 -11.17 0.183 38.Acid test or quick ratio[(B1+B3+B4) to C] 2.139 328.845 40.Other non-current liabilities E.335 0.635 326.642 128.Short term Secured loans 2.232 492.000 17.473 - - - - 390.Long term secured loans 2.609 0 0 160.Sales i).731 592.43 0.48 11.32 -21.900) 150.Earning per share after tax (Rs.955 106.635 0 (195.972 292.Other non-current assets B.79 0.635 (44.941 0 187.685 237.532 0 19.63 92.651 300.776 29.400 77.450 10.Return on assets [F7 as % of avg.836) 237.434 130.20 3.997 471.244 488.592 76.655 239 0 (7.Salaries.Current Liabilities (C1+C2) 1.20 13.634 0 (295.81 13.12 0.635 150.330 55.80 17.041 443.218 656.313 310.46 14.06 0.505 82.098 8.635 0 (369.068) 2.635 0 76. shares) 172 - - - - - - 3.842 5.188 333 0 0 109.543 203.564 124.000 0 0 63.Assets turnover ratio [F1 to (A+B)] 5.09 92.842 4. E) 10.75 2. administrative and other expenses i).81 - - - - -1.74 1.Return on capital employed ( F7 as % of avg.084 53.600 404.931 0 0 (285.340) 292. Subscribed & Paid up capital i).47 -2.915 8.30 0.739 33.842 13.284 40.Export Sales (Net) 2.430 319.409 40.47 6.778 147.590 393.86 0.471 33. of Ord.219 513.805 (4.81 -267.893 (115.146 29.474 26.902) 150.14 0.447 68.49 -6.955 25.62 1.41 97.20 12.573 151.333 540.Financial Statement Analysis of Non Financial Sector 2010 Crescent Jute Products Ltd.519 13.830 3. wages and employee benefits 6. Items A.501 7.713 143.Cost of material ii).Ordinary Shares ii).679 498.025 491.Shareholders Equity (E1+E2+E3) 1.

90 1.070 0 8.Trade Debt 4.779.573.Other input cost 3. of Ord.Cash & bank balance 2.333 3.686 21.956) 3.Miscellaneous 1.Other non-current liabilities E.562 1.620 14.666 553.508 4.152 1.107 8.238. Subscribed & Paid up capital i).109.505 262.763 14.073 6.00 9.500 5.615.070 0 12.Contractual Liabilities (G2+C1) H.229 4.00 1.48 22.911.842 312.089 7.511 445.754 132.974 9.495.50 9.88 0.161. Items A.105.105.765.501.116 138.551 15.279 595.580 1.400 3.Net profit margin (F7 as % of F1) 15.105.96 91.927 3.056 575.Total fixed liabilities (D1+D3) 3.208 4.543 767.77 25.747.73 18.392.771.928 1.590 3.525 3.44 0.Intangible assets 6.302.Total value of bonus shares issued 11.010.762 3.910 8.Tax provision (current year) 9.355.56 6.317 13.694 0 1.37 2.Assets turnover ratio [F1 to (A+B)] 5.975.576 1.302.811.000 0 0 0 0 0 0 0 0 - - - - 6.893.41 1.232 797.41 0.05 6.Sales i).269 1.564 4.423 6.125 4.155.562 445.560.125 4.Retention in business (F7-F8-F9) 4.326.Reserves i).77 14.045.424.52 4.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.070 0 6.600 22.00 88.Current Assets (B1+B2+B3+B4+B5) 1.95 1.769 10.851 21.000 2.580.215.282.456 1.139 2.675 448.79 89.291 17.928 385.820.490 931.60 0.843 3.Preference shares 2./share) [(F7-F8)/No.858 221.311.983 2.727 2.04 4.27 8.749.188 4.237.964.600 - - - - 285.58 2.070 0 4.Issued.708 553.469 4.886 19.02 1.615) F.60 5.836 10.630.Operating cash flow to debt ratio [F11 to (C+D)] 16.41 9.161.Cost of sales i).511.115.814.768.720 0 1.(A+B)] 9.636 132.887 1.915 7.67 0.318.General.107 743.428 14.800.16 5.210.269 1.512.736 5.74 0.541. shares) 173 - - - - 10.677 252 16.500 3.374.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.105.494.430 0 0 2.51 3.Local sales (Net) ii).560 169.288 1.946.105.786.107 - - - - 13.105.104 3.572.640.891 62.732 5.798 2.165 5.824 118.97 10.17 7.443 109.782 - - - - 3.97 10.79 0.790 6.Operating fixed assets after deducting accumulated depreciation 4.471 14.Debt equity ratio [(C+D) to E] 8.800.173.374.722 9.666 2.069.105.Inventory Turnover Ratio (F1 to B2) 13.287 2.05 49.53 11.61 1.56 28.04 89.846.Inventories 3.282 621.72 1.70 1.520 19.442 401.76 21.00 0.166 6.748.909 7. G1) 11.479 16.302 1.470.086.208 1.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 8.740 3.Acid test or quick ratio[(B1+B3+B4) to C] 2.549 5.51 1.887 1.070 11.83 0.281 81.845.Ordinary Shares ii).684.Other current assets C.903.826 465.014.463 672.33 13.46 0.370 5.Trade Debt as % of sales (B3 as % of F1) 4.166 20.848.870.902 0 1.Current Liabilities (C1+C2) 1.166 0 0 1.629.998 15.511.455.621 - - - - 938.Depreciation for the year 5.Administrative and other expenses 5.97 1.842 3.521 10.259 7.549 6.926.150.190.477 6.926.295 16.916 156.326 19.132.034 1.91 0.186.010 385.480 13.585 3.027.027 8.04 0.329 21.665 21.806. wages and employee benefits 6.120 11.97 20.23 7.362 16.Short term Secured loans 2.306 7.261 119.105.070 9.760 0 1.323 158.Return on capital employed ( F7 as % of avg.98 90.930 5.Earning per share after tax (Rs.51 4.85 0.03 10.800.447.699.105.Operation: 1.80 1.316.161. E) 10.910 15.070 0 6.218 2.466 54.828.157.595 3.671 870.46 5.580.054 14.279.515 72.223 7.Financial expenses as % of sales (F6 as % of F1) 3.351 62.340.453 262.Break-up value shares (Rs.715.484.928 14.Current ratio (B to C) 6.421.79 - .Capital work in progress 2.88 89.015 2.12 0.105.666.469.11 25.930.Return on assets [F7 as % of avg.909.262.Revenue Reserve 3.Other current liabilities D.105.799 7.059.898 0 500.869 27.Total capital employed (E+D) 2.11 4.59 14.Operating fixed assets at cost 3.86 1.565.852 3.73 0.364 - - - - 6.463 1.247 126.911. shares] 17.311 0 1.547.814 1.Debentures/TFCs 4.970 77.40 8.Cash flows from operations - - - - 221.262 17.52 1.Other non-current assets B.741.416.852 4.070 3.676 14.Cost of goods sold to sales (F2 as % of F1) 7.630 48.899 24.Shareholders Equity (E1+E2+E3) 1.108 0 (228.289 774.092 297.Selling & distribution expenses ii).608 3.718 723.283 7.440.Cost of material ii).014.36 -0.79 1.259 13.714.805 461.65 17.874 8.955.070 9.070 0 3.845.113.86 0.141.464 17.407.00 5.005 13.220.707.579 19.818.370.467.666./share) (E/No.123.607 21.636.454 16.133.161 758.839.09 14.214 21.538 3.169 1.968 817.843 0 2.23 - - - - 2.Long term secured loans 2.535.923 G.484 0 0 2.Short term investments 5.093 1.19 3. administrative and other expenses i).Capital Reserve ii).437.74 0.412.831.02 11.692 3.Gross Profit 4.083.478 5.244 268.495.193 6.29 0.73 0.572 27.474 1.95 30.Key Performance Indicators 1.000 - - - - 780.071.216.070 7.94 0.Long term investments 7.Long term unsecured loans 3.92 2.54 5.83 0.754 3.Employees benefit obligations 5.073.650.Return of equity (F7 as % of avg.Net profit before tax 8.558 - - - - 14.258.65 0.152 94.330.Financial Statement Analysis of Non Financial Sector 2010 Ibrahim Fibres Ltd.317 5.686.Export Sales (Net) 2.428 6.270.495.Total amount of dividend 10.311 129.95 12.325.Non-Current Assets (A1+A3+A5+A6+A7) 1.623.105.070 15.373 7.961.590.897 925.898 2.027 7.480 244.597 99.90 38.Financial expenses of which: (i) Interest expenses 7.699 2.557.00 5. of Ord.628 21.029 28.387.688 162.978.379.773 1.513 0 0 11.586.35 5.Salaries.515.325.049 10.Dividend cover ratio [(F7-F8) to F9] 12.383 8.861 615.607 2.014 0 (254.997.267.07 - - - - 453.

00 - - - 0.118 F.54 -66.876) 1.52 -7.704) 1.177) 141 0 0 (15.736 0 - - - - 0 0 0 0 0 0 0 0 0 0 - - - - 0 0 0 0 0 0 0 0 219.901 123.Tax provision (current year) 9. wages and employee benefits 6.844 123.00 0.Trade Debt 4.32 -48.736 0 57.33 2.440 19 144 0 144 0 144 0 0 2.02 0.179) 146 0 0 (10.991 1.Cash flows from operations - - - - 1.602 0 56.942) 118.77 -66.00 - - - 0.26 178.602 0 76.942) 118.00 0.210 0 (15.01 G.Retention in business (F7-F8-F9) 4.66 -4.018 0 55.083.121 0 16.03 0.00 0.19 0.55 - - - -81.Employees benefit obligations 5.118 0 0 0 1.748 0 447.Depreciation for the year 5.503 0 (10.Capital work in progress 2.942 0 0 (1.018 0 55.29 17.Long term unsecured loans 3.83 17.844 123.90 -7. shares] 17.229 12.00 0.Total fixed liabilities (D1+D3) 3.149 0 11.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 269.15 0.905 0 58.Debentures/TFCs 4.Other non-current liabilities E.084) 0 0 0 (120.Total amount of dividend 10.08 0.00 -0.991 (8.Issued.503 123.Break-up value shares (Rs.247 28.78 3.602 179.239 1.Trade Debt as % of sales (B3 as % of F1) 4.602 0 56.Net profit margin (F7 as % of F1) 15.Gross Profit 4.Long term investments 7.118 0 118.Financial expenses as % of sales (F6 as % of F1) 3.70 -63.72 14.084) 0 179.602 211. G1) 11.23 130.Reserves i).Non-Current Assets (A1+A3+A5+A6+A7) 1.581 (1.240 237.229 168.951 502 502 0 14.235 13.487 1.19 -63. of Ord.229 237.Current ratio (B to C) 6.242 0 0 123.Short term Secured loans 2.865 194 1.Export Sales (Net) 2.81 0.736 0 57.487 (13.Return of equity (F7 as % of avg.Long term secured loans 2.Inventories 3.Salaries.864.484) 0 179.084) 0 0 0 (120. of Ord.25 16.378 0 0 0 1.04 0.12 0.289 123.Short term investments 5.229 168.Cash & bank balance 2.247 0 36.304 301 61.Preference shares 2.416 0 57.941 255.581 118.242 - - - - 123.084) 0 179.397 351 0 351 0 351 171 358 177 207 207 207 14.481) 3 0 0 (120.600 28.942 - - - - (26.602 179.118 - - - - - - 37 24 24 24 24 24 - - - - - - (28.00 0.79 -36.538 18.561 13.942 0 0 (1.30 -9.602 0 96.229 - - - - 460.77 0.229 237.Total value of bonus shares issued 11.00 -1.Other non-current assets B.844 0 (120.118 0 0 0 1.229 168.825 237.Earning per share after tax (Rs.32 -50.00 -9.736 0 57.77 - - - - - - 2.240 237.146 447.27 -3.47 15.Net profit before tax 8.00 -9.General.00 0.084) 0 0 0 - - - - - - 219.825 237.608 123.084) 0 0.Contractual Liabilities (G2+C1) H.(A+B)] 9.72 14.Return on assets [F7 as % of avg.Key Performance Indicators 1.Operating cash flow to debt ratio [F11 to (C+D)] 16.10 0.Financial expenses of which: (i) Interest expenses 7.Other input cost 3.Sales i).00 0.602 200.72 -4. administrative and other expenses i).54 -66.891 123.00 4.228 447.942) 118.844 123./share) (E/No.995) 1.983 237.77 -66.905 0 58.Total capital employed (E+D) 2.Other current liabilities D.Acid test or quick ratio[(B1+B3+B4) to C] 2. E) 10.Administrative and other expenses 5.118 0 118.00 -9.55 0.00 0.002 1.11 3.416 0 57.844 0 (120.Shareholders Equity (E1+E2+E3) 1.30 -12.229 237.Return on capital employed ( F7 as % of avg.Assets turnover ratio [F1 to (A+B)] 5.00 -2.Intangible assets 6.Current Assets (B1+B2+B3+B4+B5) 1. Subscribed & Paid up capital i).Local sales (Net) ii).210 123.Capital Reserve ii).Financial Statement Analysis of Non Financial Sector 2010 Indus Polyester Company Ltd.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.325) 0 211.86 0.Operating fixed assets at cost 3.72 14.602 179.14 0.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.602 123.239 460.58 0.72 0.983 13.01 0.736 0 57./share) [(F7-F8)/No.Miscellaneous 1.825 0 0 0 0 - - - - 0 0 0 0 17.Selling & distribution expenses ii).748 269.235 255.Ordinary Shares ii).761 0 0 0 0 0 0 66.Debt equity ratio [(C+D) to E] 8. Items A.Inventory Turnover Ratio (F1 to B2) 13.52 0.318) 0 200.55 0.01 0.602 0 56.32 -50.Cost of goods sold to sales (F2 as % of F1) 7.04 -12.Dividend cover ratio [(F7-F8) to F9] 12.78 0.20 .605 34.11 -3.Cost of material ii).602 0 87.Operation: 1.28 -5.43 0.01 0.844 0 (120.35 0. shares) 174 - - - 0.Other current assets C.01 0.69 0.736 0 66.748 0 447.Current Liabilities (C1+C2) 1.891 0 (28.242 0 0 0 0 34.Operating fixed assets after deducting accumulated depreciation 4.Cost of sales i).Revenue Reserve 3.

Items A.00 0.108 0 27.90 57.927 0 28.05 8.236.12 0.Administrative and other expenses 5.00 -0.745 62.58 -2.243 0 29.General.795 - - - - (1.Total amount of dividend 10.00 0. Subscribed & Paid up capital i).845 270 63.Financial Statement Analysis of Non Financial Sector 2010 Latif Jute Mills Ltd.574 35.960 0 88.Salaries.01 - - 0.92 33.Net profit margin (F7 as % of F1) 15.574 64.574 0 (22.Other non-current assets B.574 0 (305) 35.Current Liabilities (C1+C2) 1.Trade Debt as % of sales (B3 as % of F1) 4.10 4.795 0 0 0 0 0 0 0 3.574 0 (22.07 18.85 46.167 0 0 0 0 0 0 0 3.Inventories 3.140 0 23.Local sales (Net) ii).10 0.Key Performance Indicators 1.Tax provision (current year) 9.574 0 (1.02 0.Return on capital employed ( F7 as % of avg./share) [(F7-F8)/No.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 63.Acid test or quick ratio[(B1+B3+B4) to C] 2.574 0 49 - - - - 35.Gross Profit 4.66 0.166 1.00 0.629 216 62.372 35.Total capital employed (E+D) 2.927 23.Other non-current liabilities E.Miscellaneous 1.47 15.927 23.Long term secured loans 2.063) 0 (22.574 0 285 0 0 23.Earning per share after tax (Rs.063) 35.859 35.234 89.764 0 0 0 0 0 0 0 0 0 - - - - 0 88.Net profit before tax 8.602 25.Return on assets [F7 as % of avg.Long term investments 7.022 0 2.05 8.00 -0.Cost of goods sold to sales (F2 as % of F1) 7.Short term investments 5.00 0.Total value of bonus shares issued 11.48 0.Contractual Liabilities (G2+C1) H.686 3.269 35.84 -6.167 0 3.04 - - - - - - 15.Ordinary Shares ii).59 -5. G1) 11.236.Cash & bank balance 2.170 1.Revenue Reserve 3.35 10.28 9.00 0.Other current assets C.Trade Debt 4.801 75.010) 0 35.90 0.27 4.80 -2.Total fixed liabilities (D1+D3) 3.Current Assets (B1+B2+B3+B4+B5) 1.Other input cost 3.00 0.Financial expenses of which: (i) Interest expenses 7.00 0.16 0.Issued.08 0.063) 50.Financial expenses as % of sales (F6 as % of F1) 3.Cost of sales i).764 62.90 -2.140 0 0 0 26 0 26 34.261 35.83 -3.Inventory Turnover Ratio (F1 to B2) 13.Debt equity ratio [(C+D) to E] 8.010) 0 0 0 1.167 989 2 2 28.(A+B)] 9. wages and employee benefits 6.629 62.947 236 0 0 1.Non-Current Assets (A1+A3+A5+A6+A7) 1.574 35.00 -0.10 - - - - - - 0. E) 10.98 0.612 0 28.574 35.Dividend cover ratio [(F7-F8) to F9] 12.446 35.764 0 62.234 - - - - 78.574 64.Return of equity (F7 as % of avg.623 0 1.845 63.16 - - - - 128 43 10 2 G.764 0 0 0 0 63.104 0 6.00 0.Preference shares 2.202) 35.Break-up value shares (Rs.Assets turnover ratio [F1 to (A+B)] 5.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.372 0 (1.104 6.764 62.85 -1.Capital Reserve ii).063) 0 (22.623 35.Selling & distribution expenses ii). shares] 17.77 2.935 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 - - - - 0 2.Shareholders Equity (E1+E2+E3) 1.59 0.07 18.Reserves i).Non-Current Liabilities (D1+D2+D3+D4+D5) 1.446 35.269 0 (1. of Ord. administrative and other expenses i).02 0.Operating cash flow to debt ratio [F11 to (C+D)] 16.10 0./share) (E/No.Short term Secured loans 2.435 173 0 0 - - - - 989 2 2 28.975) 10 0 0 (1.08 -5.Retention in business (F7-F8-F9) 4.39 32.Export Sales (Net) 2.947 236 0 0 1.833 0 29.00 0.764 89.Debentures/TFCs 4.985) 0 35.432 0 1.47 0.859 0 (1.33 44.612 0 28.711 0 0.39 37.574 35.56 10.022 2.Depreciation for the year 5.262 25.960 847 883 716 461 274 305 274 305 125 163 55 38 191 191 0 0 0 0 0 0 0 0 0 0 0 0 0 722 0 720 0 661 0 423 0 114 0 114 28.Cash flows from operations - - - - 2.Other current liabilities D.833 0 29.935 50.Operating fixed assets after deducting accumulated depreciation 4.Long term unsecured loans 3.988) 0 0 0 (1.167 0 3.166 - - - - 0 0 0 0 - - - - 0 0 0 35.927 0 1.Employees benefit obligations 5.56 9.170 87.Capital work in progress 2.711 0 87. shares) 175 - - - - - - 0.Sales i).108 0 2.03 0.12 .243 0 29.91 0.Operating fixed assets at cost 3.Operation: 1.261 F. of Ord.Current ratio (B to C) 6.01 0.988) 0 34.686 0 3.Intangible assets 6.55 -6.Cost of material ii).03 0.00 0.

07 0.Cash & bank balance 2.595 0 12.938 0 0 12.08 0.00 0.578 0 0 0 0 0 0 0 0 0 0 0 0 0 369 0 259 0 264 0 527 0 6 0 6 13.Net profit before tax 8.11 - - - - - - 0.00 - - - - - - -1.586 0 6.584 759 1.613 0 12.000 (12.127) 0 (46) 0 (10.Acid test or quick ratio[(B1+B3+B4) to C] 2.Capital work in progress 2.495 0 13.081) 4.Operating fixed assets after deducting accumulated depreciation 4.495 0 13.00 0. shares) 176 .00 0.418) 4.063) 0 (14.000 4.15 0.Miscellaneous 1.Reserves i).04 0.13 30.Total value of bonus shares issued 11.Current ratio (B to C) 6.774 0 2.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Return of equity (F7 as % of avg.000 0 (14.08 -4.Break-up value shares (Rs.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.418) 4.000 0 (14.Preference shares 2.95 0.Debt equity ratio [(C+D) to E] 8.Capital Reserve ii).Financial Statement Analysis of Non Financial Sector 2010 Noor Silk Mills Ltd.Return on assets [F7 as % of avg.Short term investments 5.06 0.401 1.08 0.815 0 13.Operating cash flow to debt ratio [F11 to (C+D)] 16.003 3. Subscribed & Paid up capital i).Key Performance Indicators 1.Selling & distribution expenses ii).Long term investments 7.000 0 (16.30 -26.10 0.Shareholders Equity (E1+E2+E3) 1.980) 0 277 0 (12.Total amount of dividend 10.Intangible assets 6.69 -29.(A+B)] 9.89 -25.00 0.00 2.Operation: 1.21 22.936) 0 1.00 0.316 125 0 0 - - - - 299 0 0 578 60 0 0 554 (11.142 896 1.186 0 923 0 0 0 0 0 0 0 995 0 995 0 0 0 0 0 0 0 1.151 0 356 0 0.Other current liabilities D.Earning per share after tax (Rs.083 3.41 -1.160 1.Depreciation for the year 5.12 -0.42 -13.063) 4.19 -30.Ordinary Shares ii).98 -27.191 0 2.Cost of material ii).Long term secured loans 2.Current Assets (B1+B2+B3+B4+B5) 1.08 - - - - - - 0.12 0.09 0. Items A.12 -30.Other current assets C.Current Liabilities (C1+C2) 1. administrative and other expenses i).00 -0.716 52 6 47 5 0 0 0 0 - - - - 0 0 0 0 1.Administrative and other expenses 5.081) 0 77 0 (12.Assets turnover ratio [F1 to (A+B)] 5.214 - - - - 0 0 0 0 - - - - 0 0 0 (11.46 -11.604 521 1.Salaries.Cost of sales i).598 1.000 0 (16.Inventory Turnover Ratio (F1 to B2) 13.418 1.009 0 6.Local sales (Net) ii).20 -1.980) 0 0 6.87 -2.Return on capital employed ( F7 as % of avg.Non-Current Assets (A1+A3+A5+A6+A7) 1.00 0.000 0 (15.201 0 0 0 6.980) 4.063) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 - - - - 0 713 0 861 0 1.Total capital employed (E+D) 2.Cost of goods sold to sales (F2 as % of F1) 7.154 326 0 0 478 122 0 0 365 F.12 -1.Export Sales (Net) 2.52 -3.000 (10.14 20.00 0.186 923 - - - - 427 150 0 0 339 262 0 0 14 60 0 0 1.Short term Secured loans 2. wages and employee benefits 6.Dividend cover ratio [(F7-F8) to F9] 12.52 -1.127) 4.081) 4.Financial expenses as % of sales (F6 as % of F1) 3.20 0.Debentures/TFCs 4.774 0 2./share) (E/No.Tax provision (current year) 9.418) 0 (14.Total fixed liabilities (D1+D3) 3.Other non-current liabilities E.67 22.177 0 518 0 2. E) 10.000 4.036 2.General.000 0 (14.Trade Debt 4.Employees benefit obligations 5.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 387 333 326 57 573 568 - - - - 13.774 387 43 333 54 326 7 57 2.18 75.127) 4.945 521 1.Retention in business (F7-F8-F9) 4.21 27.87 -0.32 0.Contractual Liabilities (G2+C1) H.Sales i).000 (10.Trade Debt as % of sales (B3 as % of F1) 4.34 0.Operating fixed assets at cost 3.82 -2. shares] 17.03 0.41 -11. G1) 11.Cash flows from operations - - - - 713 861 1.94 -3.82 -1.Revenue Reserve 3.Long term unsecured loans 3.000 (10.Inventories 3.613 0 12.013 (12.154 0 1.815 0 13.936) 4.67 -5.936) - - - - 4.Other non-current assets B. of Ord.Issued.Net profit margin (F7 as % of F1) 15.Gross Profit 4.938 0 0 0 0 0 13.16 - - - - 0 0 0 0 G.Other input cost 3.128 1. of Ord.04 1.Financial expenses of which: (i) Interest expenses 7./share) [(F7-F8)/No.

400 850.Key Performance Indicators 1.743) 74.Preference shares 2.411 560.Non-Current Assets (A1+A3+A5+A6+A7) 1.376 605.Cost of goods sold to sales (F2 as % of F1) 7.53 0.270.Capital Reserve ii).86 16.398 683.29 3.199 0 0 135 0 - - - - 0 0 0 0 810.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.415 315.287 560.Total amount of dividend 10.31 2.035) 46.60 0.986 0 268./share) (E/No.Short term investments 5.765 0 (67.904 62.Inventories 3.499 74.890 57.67 0.30 1.754 7.Employees benefit obligations 5.755 0 3.95 2.21 15.Salaries.Cost of material ii)./share) [(F7-F8)/No.576.823 14.324 425.808 3.022 121.207 906.111 370.48 2.(A+B)] 9.50 5.296 26.Total capital employed (E+D) 2.411 0 338.292 67.Long term unsecured loans 3.695 76.400 898.033 1.809 61.Trade Debt as % of sales (B3 as % of F1) 4.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.001 G.932 184.207 789.52 -5.978 0 282.268 0 2.19 7.646 0 2.382 1.990.106 F.68 1.765 560.620 291.61 94. of Ord.31 - - - - 8.029 306.34 - - - - -3.089 365.709 0 (21.09 2.16 102.47 17.Total value of bonus shares issued 11.384 411.346 0 181.83 0.550 1.Operating fixed assets at cost 3.290 294.Net profit before tax 8.22 0.113 1.664 147.400 0 290.000 309.496 0 11.000 982.960 0 157.Miscellaneous 1.Retention in business (F7-F8-F9) 4.Total fixed liabilities (D1+D3) 3.953.400 856.693 103.945) 7.Reserves i).427 293.57 94.070 108.347 11.925 275.00 -1.491 275.52 0.Other non-current liabilities E.Dividend cover ratio [(F7-F8) to F9] 12.Other current assets C.182 0 320.20 18.Depreciation for the year 5.415 0 0 - - - - 90.462 80.83 15.813 918.096 454.923 2.400 982.86 0.54 -6.315 32.Trade Debt 4.295 1.681 (41.50 13.990 1. of Ord. wages and employee benefits 6.545 121.582 560.69 7.02 -11.639 0 167.Current Liabilities (C1+C2) 1.Cost of sales i).722 939.656 68.28 1.45 4.27 -4.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 491.11 0.687 560.Current Assets (B1+B2+B3+B4+B5) 1.891.268 2.400 0 338.677 9.30 0.321 360.698 10.342 454.559.51 4.133.255 15.148 1.552 - - - - 1.648 0 1.00 -1.Break-up value shares (Rs.457 1.480 560.400 880.45 2.15 1.04 1.733 362.559.61 8.586 51.72 46.482 1.601.806 - - - - (10.183 356.Shareholders Equity (E1+E2+E3) 1.00 0. shares] 17.Earning per share after tax (Rs.48 2.682 3.986 60.Return on assets [F7 as % of avg.88 2.16 6.Revenue Reserve 3.171 19.043 1.Administrative and other expenses 5.182 0 0 1.Other input cost 3.Debt equity ratio [(C+D) to E] 8.078 75.Contractual Liabilities (G2+C1) H.215 417.96 0.394 771.57 2.016 324.747 332.Operating fixed assets after deducting accumulated depreciation 4.375 0 0 27.Tax provision (current year) 9.Return on capital employed ( F7 as % of avg.192 26.089 936.56 0.452.733 491.71 95.54 1.293 1.452.798 0 0 23.47 0.Export Sales (Net) 2.Operating cash flow to debt ratio [F11 to (C+D)] 16.Debentures/TFCs 4.45 14.Inventory Turnover Ratio (F1 to B2) 13.050 0 348.093 - - - - 0 0 0 0 0 0 0 0 0 0 - - - - 0 0 67.008.873.897) 8.41 15. shares) 4.284.Cash & bank balance 2.Intangible assets 6.681 55.376 50.334 0 0 194.698 560. Items A.025.025.095 503.68 0.873.Other current liabilities D.941 1.733 98.751 22.General.280.Other non-current assets B.646 2.797.22 2.246 0 1.252 73.Capital work in progress 2.076 246.98 15.69 2.42 95.172 35. E) 10.700 106.312 184.06 0.94 100.641 15.460 141.21 11.98 1.61 1.00 0.310. Subscribed & Paid up capital i).Long term investments 7.280.50 -8.030.Selling & distribution expenses ii).636 0 215.698 0 (29.923 - - - - (58.974 0 2.43 -5.016 30.421 503.932 1.242 37.996) 41.336 10.69 0.898 417.043 0 1.35 1.Operation: 1.680) 55.683.Long term secured loans 2.28 10. administrative and other expenses i).33 0.342 77.83 8.075 1.71 .82 0.839 556.813 356.Ordinary Shares ii).095 76.298 560.040 0 (102.675 0 23.937.755 3.503 2.509 11.457 41.400 0 320.769 70.080 - - - - 560.400 0 422.666) 40.132 84.284.Assets turnover ratio [F1 to (A+B)] 5.Acid test or quick ratio[(B1+B3+B4) to C] 2.83 0.895 0 91.223 50.063 0 (110.892.345 0 159.811 560.272) 60.215 906.74 2.267 425.545 80.18 1.230 2.Cash flows from operations - - - - 46.Gross Profit 4.015 173.Short term Secured loans 2.32 2.Net profit margin (F7 as % of F1) 15.027 19.79 13.365 560.791 40.44 0.23 -10.Financial expenses of which: (i) Interest expenses 7.83 0.Return of equity (F7 as % of avg.078 51.525 326.136 1.550 0 1.400 0 465.192 0 215.64 18.530 627.18 2.47 4.877.44 0. G1) 11.52 0.093 0 1.02 0.56 1.178 11.162.Issued.101 413.Financial expenses as % of sales (F6 as % of F1) 3.602 7.51 0.68 177 - - 5.409 838.580 53.927.Financial Statement Analysis of Non Financial Sector 2010 Pakistan Synthetics Ltd.Sales i).Local sales (Net) ii).400 560.24 0.050 676 56.942.Current ratio (B to C) 6.400 0 296.

182 0 469.411 205.97 10.879 113.92 0.774.53 .686.Gross Profit 4.005 107.092 862.Shareholders Equity (E1+E2+E3) 1.938.Other current assets C.049.213 G.Operation: 1.16 0.278 2.Cost of material ii).206 0 165.036.013 340.253 0 2.20 1.490 1.59 64.672 190.158 992.668 943.618 978.808.78 0.538.171 0 227.Debt equity ratio [(C+D) to E] 8.221 258.040 91.323 0 677.Employees benefit obligations 5.685 340.74 63.42 1.982.Capital Reserve ii).760 204.81 12.70 6.Return on capital employed ( F7 as % of avg.770 13.149.Trade Debt as % of sales (B3 as % of F1) 4.163 1.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.130 2.394 261.237.301.Long term secured loans 2.634.185 91.63 95.302 60.048 260.644 527.32 1.121.Long term investments 7.209 4.60 1.245.314 898.Total value of bonus shares issued 11.274 0 329.28 1.04 10.685 2.18 1.586 85.Current ratio (B to C) 6.Salaries.Issued.51 2.99 65.Miscellaneous 1. administrative and other expenses i).Current Liabilities (C1+C2) 1.Tax provision (current year) 9.31 6.244.Assets turnover ratio [F1 to (A+B)] 5.032 0 240.202.09 7.748 1.163 740.018 87.27 93.844 595.143 2.562.032 263.044 19./share) (E/No.964 4.88 10.994 0 2.Cash & bank balance 2.08 0.34 1.19 4.178 2.Earning per share after tax (Rs.00 92.678 230.623 4.562 26.063 - - - - 1.181 340.533 1.660 102.Long term unsecured loans 3.708. E) 10.064 0 32.558.14 5.501 0 25.00 4.779 560.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.822 91.05 0.955 992.274 0 169.Inventories 3.Sales i).872.394 0 204.678 64.031 0 3.97 3.521 1.240.240.533 85.276 3.371 17./share) [(F7-F8)/No.00 4.964 7.Acid test or quick ratio[(B1+B3+B4) to C] 2.76 1.006 - - - - 258.09 0.925 5 286.663.376 112.Cash flows from operations - - - - 113.Export Sales (Net) 2.Return on assets [F7 as % of avg.122 159.Non-Current Assets (A1+A3+A5+A6+A7) 1.879 85.45 0.077 0 641.33 6.351 192.33 0.04 0.Operating fixed assets at cost 3.685 2.801 124.365.Selling & distribution expenses ii).860 136.782.816 0 516.237.081 774.12 0.149.334 88.110 3.964 0 3. Items A.111 340.866 0 54.774.578 0 0 0 0 - - - - 0 92.Reserves i).67 4.20 5. G1) 11.452 77.538.00 5.816 0 516.Operating fixed assets after deducting accumulated depreciation 4.677 3.325 881.040 172.Total capital employed (E+D) 2.326 168.874 1.167 3. Subscribed & Paid up capital i).092 90.869 279.53 3.844 969.62 0.229.100 2.874 48. shares] 17.937.22 9.845 2.685 2.215 86 261.Total amount of dividend 10.101 227.Financial expenses of which: (i) Interest expenses 7.26 60.080 136.338 2.133 115.Other non-current assets B.609.118 366.Local sales (Net) ii).(A+B)] 9.945 607.300.538 0 68.50 0.Operating cash flow to debt ratio [F11 to (C+D)] 16.09 1.810 12.76 7.955 71.268 0 3.Financial expenses as % of sales (F6 as % of F1) 3.324 4.76 7.836 3.905 0 2.03 0.323 0 677.48 90.Current Assets (B1+B2+B3+B4+B5) 1.322 300.785 1.06 1.639 0 0 4.888.00 4.Capital work in progress 2.91 0.23 12.490 1.579 0 33.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 666.Inventory Turnover Ratio (F1 to B2) 13.43 95.32 0.871 0 F.259 3.43 7.006 4.Short term investments 5.685 2.957 1.08 0.138.206. shares) 178 2.888.Other input cost 3.467 3.Net profit before tax 8.411 112.76 8.721 97.75 93.594.Key Performance Indicators 3.869 0 230.031 3.672 4.66 2.104.24 11.448 0 41.00 0.685 0 1.206 0 - - - - 221.274 0 98.235 2.47 8.Depreciation for the year 5.221 115.83 0.293 240.814 340.704 943.131.99 0.794.Cost of sales i).Cost of goods sold to sales (F2 as % of F1) 7.962 2.661 2.Other current liabilities D.422.89 0.70 5.892 458.564 5.113.179 12.General.816 340.11 7.Financial Statement Analysis of Non Financial Sector 2010 Rupali Polyester Ltd.685 0 1.95 6.09 11.914 2.448 4.130.301 666.972 136.63 11.116 907.45 3.184 1.35 12.960.049 112.268 4.015 0 197.09 4.817.375 299.Revenue Reserve 3.25 6.501 340.669 247.871 198.492.866 340.846 0 - - - - 1.015 0 197.403 61.685 0 1.668 61.650.81 - - - - 6.13 1.81 1.685 0 1.925.013 0 59.44 0.Return of equity (F7 as % of avg. of Ord. wages and employee benefits 6.175 - - - - 340.78 4.875 445.414.046 4.76 1.481 687.831 - - - - 270.920 1.206.049.768 45.169.Retention in business (F7-F8-F9) 4.06 0.860 340.Dividend cover ratio [(F7-F8) to F9] 12.96 0.37 8.286 340.150 1.95 57.Ordinary Shares ii).428 102.134.328 340.434 4.119 12.367 0 2.37 0.00 5.Administrative and other expenses 5.Other non-current liabilities E.04 0.Contractual Liabilities (G2+C1) H.Trade Debt 4.319 473.67 4.64 1.601 71.867.56 7.Debentures/TFCs 4.Break-up value shares (Rs.Net profit margin (F7 as % of F1) 15.Short term Secured loans 2.592 403.Intangible assets 6.075.685 2.22 10.685 0 1.369 16.324 0 4.866.25 0.539 56.129 71.23 67.685 0 1.Preference shares 2.768 740.634 - - - - 0 0 0 0 0 0 0 0 0 0 - - - - 0 0 0 279.Total fixed liabilities (D1+D3) 3.492 2.422 70.02 62. of Ord.

wages and employee benefits 6.51 0.73 0.Salaries.Dividend cover ratio [(F7-F8) to F9] 12.479 96 101.38 3.628 751.01 0.97 8.575 807.Capital work in progress 2.005.15 0.964 23.23 75.738 128.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.909 182.55 - - - - 38.83 -71.Preference shares 2.055) 38.95 31.Financial expenses of which: (i) Interest expenses 7.151 150.Return on assets [F7 as % of avg.836 42.64 3.363 51 6.369 162.01 9.369 69.19 -24.026 0 0 (337.288) 150.Total amount of dividend 10.68 12.Shareholders Equity (E1+E2+E3) 1.749 0 (48.867 11.040.86 0.207) 11.00 2.008./share) (E/No.Long term secured loans 2.Operating cash flow to debt ratio [F11 to (C+D)] 16.189 903.308 83.478 32 0 (44.681 3.527 649.023 0 (39.102 270.32 0.339) 0 655.892) 1.Other non-current assets B.Revenue Reserve 3.566 353.Intangible assets 6.031 1.52 31.515 - - - - 0 0 0 0 - - - - 80.848 96 99.00 0.312) 0 0 0 193.207 0 34.94 8.551 554.Tax provision (current year) 9.Trade Debt 4.107 0 0 57.566 0 189.G.312) 0 623.895 356.337 0 0 0 37.55 8.225 (265.Reserves i).Long term investments 7.448 0 13.193.654 363.288) - - - - 150.Current Assets (B1+B2+B3+B4+B5) 1.36 10.813 0 297.Acid test or quick ratio[(B1+B3+B4) to C] 2.Return on capital employed ( F7 as % of avg.123 705.445) 150.312 811.000 0 322.000 150.047 45. E) 10.339) 0 0 0 - - - - 2./share) [(F7-F8)/No.165.683 2.000 150.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.412 193.316 69.114 782.63 0.000 35.872 587.315 270.724 3 0 (39.930 321.80 0.26 3.Assets turnover ratio [F1 to (A+B)] 5.910) 0 0.933 0 0 163.400 (451.754 5.032 329.556 1.286 867.091 0 52.602 - - - - 49.836 743.00 -22.01 -2.225 38.172 302.Total value of bonus shares issued 11.900 842.807 0 576.Capital Reserve ii).70 -4.364 5.037 189.Operating fixed assets at cost 3.159 0 326.10 4.211 743.508 150.009 150.582 1.55 48.000 0 324.24 2.21 10.Retention in business (F7-F8-F9) 4.Total capital employed (E+D) 2.Debt equity ratio [(C+D) to E] 8.207 (34.Non-Current Assets (A1+A3+A5+A6+A7) 1.Key Performance Indicators 1.Cash & bank balance 2.389) 11.Cost of material ii).Sales i).154 0 0 (48.22 -17.584 0 44. Items A.156 1.96 -6. Subscribed & Paid up capital i).Return of equity (F7 as % of avg.144) 1.422 5.Short term investments 5.983) 150.Total fixed liabilities (D1+D3) 3.00 0.(A+B)] 9.25 -68.21 0.448 0 0 0 34.389 - - - - 129.Trade Debt as % of sales (B3 as % of F1) 4.10 -18.00 - - - 0.Gross Profit 4.74 0.01 - - - 0.Other non-current liabilities E.875 1.Operating fixed assets after deducting accumulated depreciation 4.995 163 1.728 233.820.645 0 182.757 0 3.Inventories 3.349 0 1.66 2.05 15.Inventory Turnover Ratio (F1 to B2) 13.854 1.00 -3.Financial Statement Analysis of Non Financial Sector 2010 S. of Ord.23 10.298) 0 95.537 705.26 -112.053 113.25 0.576 98.000 (257.95 5.48 -87.000 472.000 0 (21.568 157.24 - - - - - - 3.854 556.00 0.48 168.Current ratio (B to C) 6.Administrative and other expenses 5.172 0 1.29 -4.037 5.625 2.Other current liabilities D.628 430.Miscellaneous 1.25 -2.822.322.408 989.Other input cost 3.03 -0.875 0 1.055 782.819.820.474 (33.40 0.Operation: 1.029 55.248 80.65 90.867 (37.37 - - - 3.Export Sales (Net) 2.681 0 11.70 83.Financial expenses as % of sales (F6 as % of F1) 3.000 0 (74.Depreciation for the year 5.417 150.Current Liabilities (C1+C2) 1.60 5.91 8.000 0 (407.73 -11.54 0.Selling & distribution expenses ii).332) F.20 -4.009 0 0 568.804 37. shares) 179 - - - -5.Break-up value shares (Rs.Cost of goods sold to sales (F2 as % of F1) 7.910) 0 0 0 (7.822.00 0.008.783 46.Local sales (Net) ii).Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 903.555 150.104 631 349 67 0 - - - - 0 0 0 0 639.282 351.Ordinary Shares ii).Cost of sales i).894 728.755 32.Long term unsecured loans 3.646 0 299.900 - - - - 1.413 0 353.474 0 33.817.940 751.738 5.096 0 93.997 969 1.000 75.161 46.326 0 (44.408 0 93. administrative and other expenses i).32 0.Other current assets C.872 0 718.151 150.Debentures/TFCs 4.41 9.132 825.000 0 (114.28 0.474) 13.492) 337.645 579.General. shares] 17.996 384.872 0 (338.940 302.Contractual Liabilities (G2+C1) H.936 233.Earning per share after tax (Rs.496 825. Fibres Ltd.364 5.74 0.Employees benefit obligations 5.317 1.503 44.57 .Net profit before tax 8. of Ord.027 39.55 0.00 3.575 83.334 35.535 25.Cash flows from operations - - - - 55.80 21.602 0 0 0 0 0 33.Short term Secured loans 2.Issued.85 2.138 G.Net profit margin (F7 as % of F1) 15.00 0.043 1.792 868.317 474. G1) 11.611 1.33 0.400 (411.583) 337.552 2.11 2.00 0.

30 2.730 1.619 8.055 428.389 7.399 244.Acid test or quick ratio[(B1+B3+B4) to C] 2.011 27.427 48.574 25.382 (8. of Ord.104 338.23 1.Preference shares 2.Capital work in progress 2.528 14.Operating fixed assets after deducting accumulated depreciation 4.035 228.34 1.032 37.03 85.994 754.62 1.201 170.10 3.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Total amount of dividend 10.450 33.11 -1.15 12.574 25./share) (E/No.343 13.Issued.481 - - - - 37.117 817.Return on capital employed ( F7 as % of avg.298 44.567 89.Debentures/TFCs 4.00 -5.11 0.85 0.947) 169.439 6.92 11.33 1.064 754.39 0.717 98.60 0.107 0 0 0 0 - - - - 0 2.Selling & distribution expenses ii).Retention in business (F7-F8-F9) 4.877 37.298 280.742 240.816 344.902 40.19 -2.917 37.754 90. Items A.382 6.450 922.81 3.771 (22.Tax provision (current year) 9.382 2.385 945.41 97.550 35.00 0.875 8.27 12.Operating fixed assets at cost 3.Export Sales (Net) 2.144 197.866 - - - - 410.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.40 1.495 104.852 44.Total capital employed (E+D) 2.987 96.450 0 37.99 - - - - -9.382 6.419 37.132) 0 817.77 1.614 0 942.144 197.526 206.39 0.032 719.917 37. Subscribed & Paid up capital i).Trade Debt 4.003 257.Contractual Liabilities (G2+C1) H. shares) 180 - - - - 2.832 163.33 0. E) 10.968 1.351 416.342) F.26 2./share) [(F7-F8)/No.Long term investments 7.435 719.27 -2.104 - - - - 0 0 6.609 298.652 202.889 43.872 0 4.441 199.55 95.493 2.576 23.142) 933 1.01 -11.437 412.243 0 0 - - - - 75.41 0.Local sales (Net) ii).71 - - - - 9.Employees benefit obligations 5.065 177.494 6.Net profit margin (F7 as % of F1) 15.782 2.577 214.10 0.00 -2.873 0 (7.112 81.368 494 28.61 3.76 0.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 244.99 3.891 385.607 746.614 244.44 .Financial Statement Analysis of Non Financial Sector 2010 Suhail Jute Mills Ltd.368 28.262 5.262 5.940 7.627) 1.021 0 (22.382 0 0 0 0 0 - - - - 14.440 235.57 2.21 1.28 -5.Cost of goods sold to sales (F2 as % of F1) 7.Dividend cover ratio [(F7-F8) to F9] 12.931 37.327 37.Intangible assets 6.00 6.389 235.593 23.717 98.79 0.435 208.967 344.61 4.251 488.382 29.475 236.Net profit before tax 8.790) 220.357 31.79 -2.89 -3.Total value of bonus shares issued 11.639 5.717 239.05 -5.823 31.00 -2.375 2.550 318.991 101.Key Performance Indicators 1.994 7.406 6.45 9.51 0.Current Assets (B1+B2+B3+B4+B5) 1.915 7.533 197.Revenue Reserve 3.05 99.218 62.Trade Debt as % of sales (B3 as % of F1) 4.308 35.65 0.General.91 211.Other current liabilities D.875 8.032 0 37.532 42.132) 0 0.342) 359.574 7.967 344.020 342.642 2.27 -2.731 62.66 0.434 - - - - 6.33 1.816 - - - - (20.032 0 37.428 22. of Ord.688 344.450 0 300.132) 0 0 0 (10.023 185.969 37.Cash flows from operations - - - - 27.Other non-current liabilities E.Financial expenses as % of sales (F6 as % of F1) 3.682 0 23.728 5.030 1.427 48.728 5.386 45.Non-Current Assets (A1+A3+A5+A6+A7) 1.Total fixed liabilities (D1+D3) 3.323 20.520 10.386 45.57 0.441 199.17 6.65 0.Administrative and other expenses 5.Long term secured loans 2.15 246.04 11. wages and employee benefits 6.940 811.72 -1.532 42.495 233.42 -0.572 0 942.576 0 117.Operating cash flow to debt ratio [F11 to (C+D)] 16.15 -3.676 168.85 0.65 99.Shareholders Equity (E1+E2+E3) 1.Cost of sales i).545 228.Inventories 3. shares] 17.40 0.112 37.576 0 194.001 253.104 0 23.362 89.(A+B)] 9.91 211.Other input cost 3.104 194.382 (22.01 0.676 101.731 1.323 413.Break-up value shares (Rs.Reserves i).Sales i).Other current assets C.450 0 383.915 239.35 112.823 31.48 -6.021 0 (22.32 1.33 -5.554 167.87 0.688 75.Cost of material ii).450 0 37.Short term Secured loans 2.Ordinary Shares ii).028 27.Current Liabilities (C1+C2) 1.Salaries.Capital Reserve ii).576 23.000 22.829 2.Operation: 1.57 13.Return of equity (F7 as % of avg.613 0 23.33 2.450 371.509 267.37 2.74 96.Financial expenses of which: (i) Interest expenses 7.550 9.23 0.85 0.Miscellaneous 1.48 -6.Short term investments 5.Debt equity ratio [(C+D) to E] 8.34 1.889 43.Long term unsecured loans 3.42 -0. administrative and other expenses i).450 793.Assets turnover ratio [F1 to (A+B)] 5.788 12.682 194.450 793.Current ratio (B to C) 6. G1) 11.43 0.642 103.866 811.Earning per share after tax (Rs.619 23.52 3.132) 0 0 0 (10.278 1.967 0 296.740 0 63.450 421.Cash & bank balance 2.163 0 0 24.673 295.675 121.490 20.967 0 296.450 0 333.792 4.00 1.713 236.388 221.63 90.62 1.92 -1.550 0 2.05 -5.450 37.27 12.107 746.58 -2.Return on assets [F7 as % of avg.548 23.605 7.Other non-current assets B.771 (22.117 194.450 0 885.Inventory Turnover Ratio (F1 to B2) 13.550 395.53 0.64 2.Depreciation for the year 5.893 G.Gross Profit 4.662 37.077 448.03 85.

26 -0.99 10.148 177.75 12.Capital work in progress 2.837 302.19 2.594 4.617 0 0 - - - - 26.Trade Debt 4.93 0.57 68.187 0 14.186 367.71 8.566 F.54 8.533 251.Other current assets C.209 178.Key Performance Indicators 1.73 1.499 21.Capital Reserve ii).165 11.Administrative and other expenses 5.92 1.39 0.08 -0.379 49.43 8.385 1.505 15.364 205.Short term investments 5.Net profit margin (F7 as % of F1) 15.377 23.330 17.460 21.800 0 268.Financial expenses of which: (i) Interest expenses 7.485 66.430 133.413 2.32 0.332 1. Subscribed & Paid up capital i). shares] 17.465 37.17 6.479 321.802 11.594 (859) 8.756 201.616 74.109 0 10.40 3.109 73.262 9.83 0.96 5.Salaries.185 1.10 17.160 53.340 0 17.518 149.417 5.049 80.00 4.55 90.944 1.680 6.253 3.551 (1.109 0 9.57 0.474 1.Trade Debt as % of sales (B3 as % of F1) 4.666 5.77 62.36 2.Local sales (Net) ii).Selling & distribution expenses ii).Long term investments 7.278 149.221 266.342 6.Debt equity ratio [(C+D) to E] 8.839 268.32 0.496 174.109 11.807 - - - - 200.03 -0.057 20.804 21.111 0 594 1.53 1.38 0.937 11.Long term unsecured loans 3.813 24.333 0 640 1.Financial Statement Analysis of Non Financial Sector 2010 The National Silk & Rayon Mills Ltd.277 19.477 17.057 15.971 166.449 0 9.046 23. of Ord.238 157.18 0.Operating fixed assets at cost 3.695 0.48 1. E) 10.228 - - - - 6.23 0.572 4.91 8.Tax provision (current year) 9.51 0.Revenue Reserve 3.339 11.19 2.392 4.710 19.Dividend cover ratio [(F7-F8) to F9] 12.463 20.847 75.28 0.30 -0.480 171.Inventory Turnover Ratio (F1 to B2) 13.951 0 65.109 0 54.85 0.67 0.85 0.932 171.69 1.096 172.495 378.672 160.228 0 3.85 0.Other non-current assets B.566 (658) 202 0 0 13.Return on capital employed ( F7 as % of avg.607 18.441 114.063 11.Export Sales (Net) 2.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.23 4.114 23.Return of equity (F7 as % of avg.General.Other non-current liabilities E.847 161.20 1.Other input cost 3.Financial expenses as % of sales (F6 as % of F1) 3.39 0.262 1.335 29.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Miscellaneous 1.Intangible assets 6.Gross Profit 4.109 0 62.049 129./share) (E/No.Employees benefit obligations 5.94 16.144 G.175 13.113 81.Depreciation for the year 5.228) 12.69 0.46 92.Ordinary Shares ii).957 102.346 0 35. administrative and other expenses i).264 2.19 .34 1.Shareholders Equity (E1+E2+E3) 1.13 1.960 11.956 279.877 1.81 13.60 1.334 7.089 0 11.089 0 97. shares) 181 - - - 16.111 0 5.983 1.61 2.113 33.313 0 10.543 0 0 2.419 - - - - 11.Retention in business (F7-F8-F9) 4./share) [(F7-F8)/No.644 220.364 27.080 17.109 0 63.Issued.Return on assets [F7 as % of avg.01 94.656 127.Total amount of dividend 10.Debentures/TFCs 4.59 89.803 23.48 0.268 6.545 84.Non-Current Assets (A1+A3+A5+A6+A7) 1.Short term Secured loans 2.Operating fixed assets after deducting accumulated depreciation 4.158 11.518 9.476 278.32 1.262 138.968 242.956 0 302.422 3.(A+B)] 9.340 22.449 11.00 1.25 2.Assets turnover ratio [F1 to (A+B)] 5.04 -0.Reserves i).362 240.Contractual Liabilities (G2+C1) H.428 29.114 17.064 5.Cost of material ii).74 -0.268 95.833 24.42 0.964 356.109 0 64.92 -0.75 0.735 9.Cost of goods sold to sales (F2 as % of F1) 7.92 13.20 0.256 0 11.551 92.249 101.827 1.97 1.29 1.336 261.Sales i).137 0 321.096 58.109 70.137 300.774 371.109 74.29 1.15 1.895 1.23 0.632 - - - - 27.855 155.745 18.30 3.Current ratio (B to C) 6.590 - - - - 0 0 0 0 - - - - 5. of Ord.366 27.441 11.460 26.688 0 1.54 93.191 0 21.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 127.222 10. Items A.21 95.73 - - - - 3.480 11.Break-up value shares (Rs.03 1.945) 34.851 3.468 74.500 22.00 -0.Total fixed liabilities (D1+D3) 3.23 0.973 70.379 270.101 288 16.772 34.800 0 253.Other current liabilities D.808 0 27.248 27.23 66.846 3. wages and employee benefits 6.708 0 (1.Acid test or quick ratio[(B1+B3+B4) to C] 2.160 5.50 1.Operating cash flow to debt ratio [F11 to (C+D)] 16.077 1.744 33.430 77.894 2.95 - - - - 2.228 390.545 188.Cash & bank balance 2.Cost of sales i).079 71.10 63.Current Liabilities (C1+C2) 1.64 0.00 -0.762 2.17 0.386 8.109 69.Cash flows from operations - - - - 18.32 0.Preference shares 2.79 -0.71 1.497 371.019 0 (949) 19.528 11.Inventories 3.152 11.056 138.85 58.43 0.242 107.75 66.672 11.613 0 0 0 0 - - - - 0 0 0 0 67.962 61.172 11.267 11.36 10.311 4.Operation: 1.44 0.313 49.099 21.276 113.972 2.76 2.331 836 20.803 16. G1) 11.Total capital employed (E+D) 2.144 80.Earning per share after tax (Rs.834 3.Long term secured loans 2.109 11.Current Assets (B1+B2+B3+B4+B5) 1.56 3.Net profit before tax 8.Total value of bonus shares issued 11.

94 5.Contractual Liabilities (G2+C1) H.34 0.719 (10.Total fixed liabilities (D1+D3) 3.227) 0 0 17.519 33 14.211 298.935 147 1.23 - - - - - - 0.03 677.Debt equity ratio [(C+D) to E] 8.General.Financial expenses of which: (i) Interest expenses 7.560 313.031) 0 0 153.065 29.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Net profit margin (F7 as % of F1) 15.00 -0.Current Liabilities (C1+C2) 1.270 0 155.065 0 34.Reserves i).50 0.657 0 (37. E) 10.100 0 13.92 715. of Ord.765 317.79 - - - - - -398.919 0 0 0 0 - - - - 0 34.007 214.796) 901 F.702 0 15.279 0 15.657 214.51 0.00 0.00 2.Non-Current Assets (A1+A3+A5+A6+A7) 1.62 -2.387 (95.657 0 (166.Other current liabilities D.369 14.Cost of goods sold to sales (F2 as % of F1) 7.89 2.Long term secured loans 2.188 309.00 -3.140 - - - - 169.02 0.47 7.150 169.06 -3.237) 932 (10.094 0 11.05 5.Revenue Reserve 3.Return on assets [F7 as % of avg.877 1.817 214. wages and employee benefits 6.77 1.765 0 13. shares] 17.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Return of equity (F7 as % of avg.494) 169.771 309.626 0 (6.(A+B)] 9.610 11.Other non-current assets B.595 9.140 0 153.17 0.560 (70.657 158.Other input cost 3.840) 39.Ordinary Shares ii).Gross Profit 4.140 15.068) 15.750 15.55 13.Salaries.086) 0 311.494) 0 0 0 (11.Financial Statement Analysis of Non Financial Sector 2010 Tri-Star Polyester Ltd.12 0.626 214.91 -2.Debentures/TFCs 4.Short term investments 5./share) (E/No.40 -650.03 0.56 8.188 4.013 33 14.76 10.544) 654 11 643 1.Long term investments 7.Trade Debt as % of sales (B3 as % of F1) 4.609 0 614.919 278.Return on capital employed ( F7 as % of avg.Sales i).560 0 0 0 - - - - 34.232 159.270 204.03 -5.99 -4.094 0 11.Administrative and other expenses 5.009 23.81 0.657 158.877 0 12.719 1.41 269.Tax provision (current year) 9. shares) 182 .93 0.01 0.75 0.511 130.Short term Secured loans 2.99 -4.610 298.674 0 161.657 290.01 -0.702 153.00 1.94 0.969 214.00 -0.Employees benefit obligations 5.387 (95.048) 145 0 0 (12.51 -20.Long term unsecured loans 3.98 -4.657 0 91.080) 6 0 0 1.97 -27.00 -0.Operating cash flow to debt ratio [F11 to (C+D)] 16.029 15.66 0.Capital Reserve ii).519 1.988 34.Operation: 1.Inventory Turnover Ratio (F1 to B2) 13.79 3.657 0 (55.27 -630.498 214.985 615.00 0.Depreciation for the year 5.326 278.05 118.22 21.08 -6.Current ratio (B to C) 6.609 0 614.657 0 (55.094 (9.02 3.Net profit before tax 8.227) 214.626 214.110 170.511 0 34. Items A.750 311.Intangible assets 6.Total amount of dividend 10.079 306.85 0.550 1.009 615.094 (9.98 0.817 214.009) 40.677 17.11 13.Financial expenses as % of sales (F6 as % of F1) 3.02 0.115 150.Key Performance Indicators 1.162 9 5 133 133 0 1.625 162.Dividend cover ratio [(F7-F8) to F9] 12.531 172 410 212 410 212 34.511 13.758 288.609 440.086) 0 0.896 - - - - (30.27 -650.35 -3.98 -4.10 0.Cash & bank balance 2.Other non-current liabilities E.Cost of material ii).674 0 145.53 -1.550 0 11.11 13.Cash flows from operations - - - - 40.Shareholders Equity (E1+E2+E3) 1.36 -144.686 1.514 313.081 114.852 288.840) 39.Miscellaneous 1.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 440.514 10.31 448.079 162.827) 9 0 0 (6.Issued.099 (5.00 0.009 614.139 - - - - 614.677 0 47.Current Assets (B1+B2+B3+B4+B5) 1.06 1.29 14.511 93.657 0 75.Acid test or quick ratio[(B1+B3+B4) to C] 2.Preference shares 2.957 0 (10.544) 654 11 643 25 2 0 (10.140 0 0 0 0 0 0 306.350 214.725 29.836) 58.099 932 901 1.702 0 317.957 0 (10.26 0.088 58.02 0.Selling & distribution expenses ii).95 0.001 35.03 -1.Total value of bonus shares issued 11.47 7.66 0.Total capital employed (E+D) 2.498 0 (12. administrative and other expenses i).77 1./share) [(F7-F8)/No.Break-up value shares (Rs.Retention in business (F7-F8-F9) 4.657 214.79 0.Trade Debt 4. Subscribed & Paid up capital i).06 -3.550 1.139 313.Operating fixed assets after deducting accumulated depreciation 4.Earning per share after tax (Rs.657 177.Export Sales (Net) 2.Inventories 3.047 253.193) 0 177.964 23. of Ord.632 0 (11.29 -2.12 0.55 0.047 - - - - (70.73 -12.625 0 48.34 0.260 47 4.01 -0.28 -6.550 0 11.595 9.00 5.81 0.Assets turnover ratio [F1 to (A+B)] 5.92 715.702 153.Operating fixed assets at cost 3.794 0 13.852 10.159) - - - - 214.848) 1.Other current assets C.28 -388.100 3.080) 6 0 0 1.524 97.053) 15 0 0 - - - - 25 2 0 (10.526 8. G1) 11.66 0.28 2.Capital work in progress 2.Cost of sales i).639 1.Local sales (Net) ii).40 - - - - 0 0 1 680 G.302 3.448 50.

FOOD .

.

288.966 14.09 35.358 40.10 7.585.361. G1) 11.011.790 - - - - 12.52 2.36 6.357 47.304.Cash & bank balance 2.952.903.617.931.173 14.687.893.355.592 6.857 9.697 72.582.900.00 7./share) [(F7-F8)/No.833 17.550 6.873 7.071.473 2.Other non-current assets B.327 4.912 0.562.409.986 4.593 187.727 47.980 3.43 0.854.950 31.495 (3.196 106.625.900 508.077 73.33 0.669.373 142.067.02 0.92 34.129.364.125.553.478 81.106.Operation: 1.055 101.892 69.84 80.36 22.549 91.115.545.Capital work in progress 2.314 21.80 27.000.659.98 1.486.981.852 3.693 7.246 4.812 - - - - 69.70 0.00 22.869 6.410 14.540 191.Inventories 3.051 8.140.116.995.139 - - - - 20.77 82.69 0.727 865.083 21. Subscribed & Paid up capital i).Return on assets [F7 as % of avg.Return of equity (F7 as % of avg.855.716.60 7.771 9.072 6. shares] 17.670 11.056.905 6.409.919 39.889 4.856.Long term unsecured loans 3.773.808.681.822.23 2.732.492.82 0.784 610.111 4.127.675 32.213 2.255 1.478 65.Total value of bonus shares issued 11.Operating cash flow to debt ratio [F11 to (C+D)] 16.861 4.52 34.87 2.758.896.410 5.760.007 35.926.835 18.922 58.668 46.479 7.25 6.03 - - - - 2.645 2.810.074 7.320.727 0 1.90 2.455.986.056 6.408.Key Performance Indicators 1.979 45.922.613.682.667.265.616 92.311 32.357 21.Long term investments 7.666.624 13. of Ord.659.004.590 22.041.37 2.818 - - - - 13.760.173.895.683 18.737 140.491.292.530.847 109.913.83 2.970.627 154.005.395.662.580 15.157 0 1.784 35.150.Short term Secured loans 2.031 26.818 4.263.988.032 12.566.Operating fixed assets after deducting accumulated depreciation 4.561 16.109 40.985 17.248 13.041.97 7.268 34.14 4.389.351 88.564 6.440.59 0.796.181.418 71.062.355.783 22.058.938 62.78 7.874.434 128.Preference shares 2.140 70.741.82 42.616.Other input cost 3.195.264 53.Net profit margin (F7 as % of F1) 15.Miscellaneous 1.278.907 19.00 27.266.55 25.000 16.Tax provision (current year) 9.679.940 616./share) (E/No.15 26.388.723 9.309.124 14.Cost of material ii).Salaries.260.Issued.432 3.670.383 17.48 2.526 59.585 - - - - 11.00 6.541 5.349 38.99 3.Other current assets C.57 2.712 4.566.431.225.85 2.Sales i).580.894 13.895.011.343 14.861.673.137.183 3.115 96.789 53.18 1.621 6.599 178.113.960.675 119. E) 10.Long term secured loans 2.21 3.06 7.42 3.591 225.37 0.Debt equity ratio [(C+D) to E] 8.500 16.883 134.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.578 392.22 8.Total amount of dividend 10.Non-Current Assets (A1+A3+A5+A6+A7) 1.24 29.Revenue Reserve 3.865.327.241 42.530 122.76 0.349 523.468 80.Other current liabilities D.766 8.Overall Items A.Current Assets (B1+B2+B3+B4+B5) 1.345 4.316 28.333) 25.Assets turnover ratio [F1 to (A+B)] 5.571 18.090 35.422 2.711 46.395.176.100.062 52.770 14.230.Administrative and other expenses 5.Reserves i).Other non-current liabilities E.84 76.918 25.103.08 0.014.199 1.Local sales (Net) ii).78 80.07 0.60 10.745 4.468 54.351 27.194 27.232.Cost of sales i).599.208.211 4.607 19.Contractual Liabilities (G2+C1) H.42 0.800 9.Operating fixed assets at cost 3.057.19 9.173.055.12 20.445 13.204 19.046 17.716 28.98 5.Trade Debt 4.Financial expenses as % of sales (F6 as % of F1) 3.12 2.Acid test or quick ratio[(B1+B3+B4) to C] 2.107 12.General.Trade Debt as % of sales (B3 as % of F1) 4.943 9.47 1.142.680 15.516 25.106 72.Cost of goods sold to sales (F2 as % of F1) 7.148.229.352.955.Intangible assets 6.138.518.122.531 4.249 30.500 123.03 3.387 42.71 1.983.73 41.945 6.245 201.166 17.869.(A+B)] 9.555 3.500 22.096.601 20.84 2.Current ratio (B to C) 6.628.468 8.848 14.973.813 36.801.967 29.833 21.Shareholders Equity (E1+E2+E3) 1.914 51.000.624 12.975.869.205 4.792.669 17.495 0 0 9.301.445.05 1.306.388.86 80.331.199 28.09 7.336 8.329.589.859.Earning per share after tax (Rs.533.19 22.233 16.100.673.749.270 651.166 8.456.823 12.105 127.Break-up value shares (Rs.13 0.469 60.229.997 9.941 8.103.199.88 0.238 114. shares) 185 - - - - 7.912.652 3.499.881.615 57.872 11.35 0.382.673 80.353.081 14.377.00 5.Depreciation for the year 5.956 166.855.590 9.434.208 957.202 16.107.797 39.163 83.651 F.399 12.685.433 11.926.94 9.670 12.Cash flows from operations - - - - 11.949 5.658.439 6.65 8.451.410.401.162 3.296 79.418.020.57 1.Ordinary Shares ii). administrative and other expenses i).528 4.813 22.Employees benefit obligations 5.962.Short term investments 5.748.855.160.737.91 0.259.544.71 0.14 1.528.Export Sales (Net) 2.742.Financial expenses of which: (i) Interest expenses 7.606 8.710 150.28 2.955.330 G.12 9.554.600.288.Net profit before tax 8.Total capital employed (E+D) 2.054.810 41.823 3.739 462.10 1.17 2.882.682.255.077 181.04 .057.596.427.141.000 17.983.Debentures/TFCs 4.349 227.046 26.432.831 90.Inventory Turnover Ratio (F1 to B2) 13.Current Liabilities (C1+C2) 1.609 54.100.Gross Profit 4.077 2.Financial Statement Analysis of Non Financial Sector 2010 Food Sector .988.77 81.698 24.535 72.Selling & distribution expenses ii).188.707.Capital Reserve ii).520.062 128.952.348.Total fixed liabilities (D1+D3) 3.295 273. of Ord.Return on capital employed ( F7 as % of avg.034 2.407 102.245 - - - - 8.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.951 255.475.30 3.770 25.88 32.782 5.498.682 14.91 39.881 6.16 5.197 51.99 18.19 3.230.907.496 154.199.174.288 9. wages and employee benefits 6.941.79 11.012 2.870 0 11.619 40.575 77.953 38.00 6.077 32.16 12.669.614.075.517.583 28.330.11 2.699.208.574 - - - - 17.113 46.054 1.194.362.129.729 175.106 12.415 5.645 6.Retention in business (F7-F8-F9) 4.131 8.147.Dividend cover ratio [(F7-F8) to F9] 12.513.194 73.003.351.604 4.35 45.012 - - - - 1.602.132 7.50 0.339.32 1.143.254 2.28 1.292 16.68 4.785 219.476.629 22.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 42.416 3.

6% 35% Billion Rs 250 30% 29.7% 60 10% 7.16 2 Return on Return on Assets Equity Net Profit Before Tax 0.4% 100 10% 50 5% 0 0% Sales Gross Profit Key Performance Indicators Profitability/Efficiency Ratios 41 42.0% 200 25% 20% 150 15% 14.5 7.0% -5% 0 Non-Current Assets Current Assets Current Liabilities 2010 2009 Non-Current Shareholders Laibilities Equity Growth Growth & Composition of Operations 2009 2010 Growth 40% 300 35.36 22.3% 25% 20% Billion Rs 80 15% 9.73 12.28 2009 2009 10 2010 8 22.60 4 2.57 10.82 Percentage Percentage 45 40 35 30 25 20 15 10 5 0 9.84 0.92 7.86 0 Return on Capital Emloyed Currtent Ratio Debt Equity Ratio Net Profit Margin Earing Per Share after Tax .7% 9.Growth with Composition of Assets & Liabilites 120 30% 100 25.13 6 2.91 2010 8.2% 40 5% 20 0% -2.

195 28.575 64.542.505 3.58 0.786.Total fixed liabilities (D1+D3) 3.449 3.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.693 5.438 14.943 28.19 6.79 90.173 12.354.689.06 1.858.566 4.604.758 60.886 18.372 3.967 9.923 69.50 6.92 2.588.082.107 7.697.02 0.230 8.639 6.381 14.819.655.818 292.701.828 568.27 4.500 14.918.27 0.Cost of material ii).03 1.578 10.747 177.877 6.38 1.061 2.393.121.915 3.896 15.891 14.147.553.(A+B)] 9.Other current liabilities D.36 3.849 56.Overall Items A.334.00 0.Tax provision (current year) 9.232 1.541 3.15 5.082 52.463.578 10.03 0.582 22.487.142 57.Preference shares 2.069.Operation: 1.664 13.76 4.294 1.34 4.799.593 1.298 40.036.757 410.384 3.917 12.380 7.520.780.934.811 (581.96 0.470 3.025 34.123.493.493 128.824.180.Trade Debt 4.437.092.929 4.66 -2.188 8.354.034 6.Earning per share after tax (Rs.563.Operating fixed assets after deducting accumulated depreciation 4.210 - - - - 128. G1) 11.062 1.038 55.Reserves i).210 17.Local sales (Net) ii).817 56.03 -4.093.072.084 12.344 42.Depreciation for the year 5.Return on assets [F7 as % of avg.33 0.Net profit before tax 8.281 14.435 116.408.834 0.18 7.071.00 3.235. Subscribed & Paid up capital i).423.93 7.Cost of sales i).227 61.250.Export Sales (Net) 2.49 1.533 59.297 29.638 5.500 46.830.08 20.495.85 0.694 2.222 6.930 9.334.960.465.045.071 11.654 734.456 6.Capital work in progress 2.186 3.928 625.209.127 55.462 1. of Ord.926 - - - - 1.879.785 30.140.30 1.311.703 16.284 7.891 - - - - 48.858.139 32.28 0.023.129 15.121 425.293 13.238 - - - - 5.615.337 4.794) 22.841.079 16.631 6.Trade Debt as % of sales (B3 as % of F1) 4.13 22.347.826.955.273.503.627 G.707.405.540.393.814.842. of Ord.52 10.986 6.556 13.067 1.644 15.Other non-current assets B.986 0 9.35 0.830.011 22.845.566 9.802 18.841 24.092 10.Miscellaneous 1.810 2.Contractual Liabilities (G2+C1) H.802.Return on capital employed ( F7 as % of avg. wages and employee benefits 6.163.557.567.613 67.809.272 7.897.16 5.505.934.031 2.407 8.594.784.180 2.082 29.513.556 6.842 1.08 3.13 .165 8.41 -0.507.03 3.662 78.431.Issued.923.461 30.720 30.93 0.842 122.39 5.852 77.Other current assets C.Sales i).22 23.571.456 0 9.801 0 (355.012.49 24.267.258.616.642.543 752.06 0.032 28.927.597) 343.938.595 7.934.899 2.Cash & bank balance 2.189.467.586 135.Cost of goods sold to sales (F2 as % of F1) 7.Financial expenses of which: (i) Interest expenses 7.782.075.524.916.554 5.653 59. E) 10.Net profit margin (F7 as % of F1) 15.Intangible assets 6.654.342 38.058.Surplus on revaluation of fixed assets 2005 2006 2007 2008 30.836.591 7.922 5.186 840.Cash flows from operations - - - - 2.121.44 0.29 3.Assets turnover ratio [F1 to (A+B)] 5. shares) 187 - - - - 5.Long term unsecured loans 3.204 46.354.Inventory Turnover Ratio (F1 to B2) 13.391.657.712.78 94.45 3.764 4.684.15 3.298.469 2.417 223.812./share) (E/No.42 2.896.492 2.00 -1.10 2.823 1.23 -0.149.587 37.111.32 5.175.215 2.37 2.309 3.426.25 6.880 819.Total capital employed (E+D) 2.044.Long term secured loans 2.942.Other input cost 3.34 4.Short term Secured loans 2.266.656 2.720 12.234.765 6.36 28.967 3.638 1.644 886.039.94 0.172.518 3.038.467 392.Operating fixed assets at cost 3.284 0 10.Salaries.43 5.86 0.129 25.10 2.Long term investments 7.General.842 8.309 3.488.479 241.306.721 554.676 2./share) [(F7-F8)/No.836.657.020 81.169.108 627.Shareholders Equity (E1+E2+E3) 1.227 38.238.74 88.029 14.772.148.526.Ordinary Shares ii).421 35.691.956 0 (1.146.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.710.53 15.778 3.292.221 4.04 11.68 24.740.Acid test or quick ratio[(B1+B3+B4) to C] 2.Operating cash flow to debt ratio [F11 to (C+D)] 16.585 28.685 38.162 41.957.Break-up value shares (Rs.28 0.922 130.206.815 152.13 2.072 591.Short term investments 5.081 1.Key Performance Indicators 1.075.600) 21.213 146.415 41.467 500 5.108.70 2.283 65.176 - - - - 84.13 0.737.307 - - - - 47.043.600.90 0.Total value of bonus shares issued 11.24 21.00 1.Employees benefit obligations 5.344 15.929 176.134 1.198 14.48 7.926 (Thousand Rupees) 2009 2010 62.374 8.297 8.Current Liabilities (C1+C2) 1.937 4.235 - - - - 24.314 5.09 0.646.64 3.77 3.Selling & distribution expenses ii).57 6.334.872 13.602 15.823 12.Administrative and other expenses 5.718.137.082 21.281 2.Inventories 3.82 2.Revenue Reserve 3.71 89.796.Debt equity ratio [(C+D) to E] 8.699 51.880.461 6.69 0.605.597.604.834 2.Non-Current Assets (A1+A3+A5+A6+A7) 1.453.362 3.940.562.798.370.539 12.187 23.163 9.119.14 5.353 2.986 9.495 831.895 0 283.111.740.168 521.747.Other non-current liabilities E.66 1.625.488.357.897.502.80 88.505.437 4.574 4.658 68.265 F.31 3.794 18.297 4.572.Dividend cover ratio [(F7-F8) to F9] 12.477 99.Return of equity (F7 as % of avg.Capital Reserve ii).101.318 55.34 3.525.370.386.448 16.550 36.836.164.209 13.606.813 4.847.526 19.754.991.Financial expenses as % of sales (F6 as % of F1) 3.731 15.578 13.732 11.832 2.12 8.682.613 40.575.658 2.326.94 3.206.604.440 71.117 12.640 35.178.86 -3.636 12.071 36.829.69 0.Debentures/TFCs 4.628 5.271.669 1.41 - - - - 2.069 87.Financial Statement Analysis of Non Financial Sector 2010 Sugar .867.193.244.934.282.56 0.114 3.591.409.547.220 356.42 15.802.942.526 28.180 6.75 84.422 4.528.71 3.30 12.209.119.86 0.413 5.Gross Profit 4.526 31.495 0 0 - - - - 10.252 6.Retention in business (F7-F8-F9) 4.227 78.Total amount of dividend 10.339. administrative and other expenses i).870 30.058.67 0.364 4.215.10 1.77 0.117.892.090.185.270 580.981 57.Current ratio (B to C) 6.750 261.178 2.874 500 4.193.185.Current Assets (B1+B2+B3+B4+B5) 1.912.079 36.245.234. shares] 17.899.

42 Percentage 10 8 6 4 2 0 Net Profit Before Tax 3.53 4.5 Return on Return on Assets Equity 0 Return on Capital Emloyed Currtent Ratio Debt Equity Ratio Net Profit Margin Earing Per Share after Tax .49 2.48 15.42 3.4% -10% Non-Current Current Assets Current Non-Current Shareholders Assets Liabilities Laibilities Equity 2009 2010 Growth Billion Rs 80 70 60 50 40 30 20 10 0 Growth & Composition of Operations 2009 2010 Growth 60% 54.1% 30% 25% 20% 15% 10% 7.5 1 0.74 0.15 3.4% 5% 0% -5.4% -5% -5.93 2010 Percentage 12 2009 2009 14 3.37 7.75 0.3% 140 120 50% Billion Rs 100 40% 80 31.1% 30% 60 20% 40 11.36 2.Growth with Composition of Assets & Liabilites 28.34 2.69 4 3.8% 20 10% 0 0% Sales Gross Profit Key Performance Indicators Profitability/Efficiency Ratios 16 15.13 2010 2.8% -4.5 3 7.5 2 1.

314) 0 (650.06 114.Other current assets C.480 74.914 0 156.Dividend cover ratio [(F7-F8) to F9] 12.462 351.654 586.Cost of goods sold to sales (F2 as % of F1) 7.667 (484.22 5.09 0.09 6.09 0.Capital work in progress 2.Gross Profit 4.98 340.128 774.Long term secured loans 2.27 0.09 0.005 0 754.092 997.560 123.346 379. of Ord.279 0 92.Selling & distribution expenses ii).209) 328 0 0 (33.Current ratio (B to C) 6.Financial expenses of which: (i) Interest expenses 7.176.825) 146.33 0.141 21.037 3.00 0.Contractual Liabilities (G2+C1) H.065.64 3.Total amount of dividend 10.Sales i).773 91.173 384.882) 146.065.085 12.153) 464 0 0 (26.667 (719.096) 537 0 0 138.446 0 274.09 0.Tax provision (current year) 9.66 0.14 0.055 336. of Ord.Total fixed liabilities (D1+D3) 3.120.560 0 141.Other non-current liabilities E.Financial Statement Analysis of Non Financial Sector 2010 Abdullah Shah Ghazi Sugar Mills Ltd.Employees benefit obligations 5.914 198.613 31.138 728.Return of equity (F7 as % of avg.667 (579.06 4.28 0.554 0 635.991 0 0 0 0 - - - - 0 0 0 0 154.661 0 0 0 0 20.Administrative and other expenses 5.698 9.205.82 -2.Net profit margin (F7 as % of F1) 15.00 0.568 75.39 3.667 202.Preference shares 2.22 76.00 0.155 20.Debentures/TFCs 4.385 116.00 -0.386 60.496 0 0 (218.12 0.495 39.277 0 113.698 (25.322 573.80 -1.885) 9.43 -21.(Al-Asif Sugar Mills Ltd Items A.667 (695.14 0.31 -21.353 0 105.Capital Reserve ii).00 -1.48 - - - - -13.66 -31.590 399.Net profit before tax 8.027 0 1.74 -1.617) 0 (719. G1) 11.463 30. shares] 17.39 -27.878) 0 (695.329 954 29.921 95. wages and employee benefits 6.53 4.Depreciation for the year 5.Revenue Reserve 3.304 396.27 0.886 728.382 395.314) 64.667 0 (816.373) 146.69 0.214) 7.533 20.00 -2.Debt equity ratio [(C+D) to E] 8.33 -21.Surplus on revaluation of fixed assets (Thousand Rupees) 2009 2010 2005 2006 2007 2008 396.924 1.653) 146.848 104 2.Cash flows from operations - - - - 29.04 0. Subscribed & Paid up capital i).01 6.149 38.555 0 1.774 198.32 2.617 146.00 89.699) - - - - 146.93 1.72 -45. E) 10.040.Salaries.60 3.08 69.549) 146.Assets turnover ratio [F1 to (A+B)] 5.Inventories 3.554 0 0 0 - - - - 16.171 (695.56 0.Short term investments 5.16 6.721 220.737 - - - - (29.Current Assets (B1+B2+B3+B4+B5) 1.88 13.178 0 4 0 0 0 0 0 0 109.00 0.355 95.Miscellaneous 1.896 1.99 0.858 384.032) 0 138./share) [(F7-F8)/No.205.48 - - - - 69 97 115 13.518 70.538 114.Long term unsecured loans 3.56 .537) 70.992 0.Local sales (Net) ii).010 1.489 0 73.523 4.031 - - - - 756.657 21.Operating fixed assets after deducting accumulated depreciation 4.Inventory Turnover Ratio (F1 to B2) 13.068 25.820 78.473 0 31.871 792. administrative and other expenses i).138 0 560.018 785.525 478.Long term investments 7.333) F.Financial expenses as % of sales (F6 as % of F1) 3.Cash & bank balance 2.84 29.167 815.713 (669.02 5.553 0 21.186 (559.193 106.37 0.25 4.176 82.667 0 (842.Total value of bonus shares issued 11.759 356.667 0 (866.19 0.878) 792.177 18.633) 3.422 551.Other current liabilities D.793 0 132.815 391.032) 146.375 13.00 9.991 842 11.60 -1.110.353 75.662 - - - - 0 0 0 0 - - - - 109.Operation: 1.General.992) 0 (10.641 0 0 131.349 167.69 3.Shareholders Equity (E1+E2+E3) 1.Break-up value shares (Rs.322 20.Current Liabilities (C1+C2) 1.00 0.908 793.931 0 79.Operating fixed assets at cost 3.Trade Debt as % of sales (B3 as % of F1) 4.359 0 1.Other input cost 3.73 -6.Intangible assets 6.359 0 1.706) 0 (33.645 3./share) (E/No.52 3.653 (18.Return on assets [F7 as % of avg.092 1.09 78.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.249.64 -5.927 0 166.165 59.249.06 1.179.10 124.667 0 (695.(A+B)] 9.14 139.382 19.773 0 0 154.Export Sales (Net) 2.Short term Secured loans 2.793 106.Cost of sales i).661 1.29 -47.00 5.419 393.00 0.Total capital employed (E+D) 2.Other non-current assets B.Issued.840) 29.Return on capital employed ( F7 as % of avg.737 0 274.173 20.554 137.320) 146.882 0 0 684.24 -1.00 0.555 1.104 204.619 752.55 1.05 -0.904 G.767 42.Retention in business (F7-F8-F9) 4.706) 146.678 123.882) 0 (26.446 0 274.222 819.01 0.Trade Debt 4.Cost of material ii).068 435.010 (579.347 109.86 5.712 40.886 - - - - (10.112.98 -2.27 -33.141 393.55 0.865 0 216.Ordinary Shares ii).41 0.00 0.70 -17. shares) 189 - - 6.Reserves i).Non-Current Assets (A1+A3+A5+A6+A7) 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.Earning per share after tax (Rs.473 1.667 0 (725.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.401 73.21 0.653 7.45 -39.617 0 (650.551 0 509.80 1.171 1.863 0 584.767 18.82 -49.863 1.43 13.941 395.Key Performance Indicators 1.Operating cash flow to debt ratio [F11 to (C+D)] 16.

498 40.Key Performance Indicators 1.Trade Debt as % of sales (B3 as % of F1) 4.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.512 39.046 846.Short term Secured loans 2.604 - G.819 286.18 10.941 0 18.657 239.195 1.Long term secured loans 2.Net profit before tax 8.92 86.54 0.830 35.785 5.73 0.56 120.Cost of material ii).419 904.52 3.708 - - - - 0 0 0 0 - - - - 32. shares) 190 - - - 3.741 604.59 21.41 1.764 0 283.Cash flows from operations - - - - 28.00 - - - - 3.633 1.612 2.39 31.95 0.920.644 0 0 0 0 - - - - 0 0 867 0 347.Other input cost 3.636 0 348.741 0 728.277 425.81 15.99 18. of Ord.11 4.Selling & distribution expenses ii).698 267.013 28.Return on capital employed ( F7 as % of avg.00 10.324 0 239.Other non-current liabilities E.Shareholders Equity (E1+E2+E3) 1.513 218.28 3.428 665.393 0 289.Depreciation for the year 5. shares] 17. administrative and other expenses i).465 690.762 38.Cash & bank balance 2.Long term investments 7.886 1.452 0 41.411 474.266 501.516 41.08 80.68 24.Operation: 1.Inventory Turnover Ratio (F1 to B2) 13.038 280.424 (123.085 F.280 152.91 1.754 0 0 (172.715 184.Export Sales (Net) 2.165 503.Issued.409 0 174.762 800.620 57.Dividend cover ratio [(F7-F8) to F9] 12.Current Liabilities (C1+C2) 1.38 0.562 284.80 -31.680 0 8.48 96.945 1.167 407.288 34.71 1.013 1.422 20.95 77.Ordinary Shares ii).43 6.Assets turnover ratio [F1 to (A+B)] 5. wages and employee benefits 6.232.78 1.913 57.00 0.830 138.Return of equity (F7 as % of avg.541 2.41 76.727 405.887 18.027.467 28.Employees benefit obligations 5.520 25.966 1.24 112.81 2.42 70.637 0 386.41 29.34 0.384 460.97 5.335 46.940 233.021 1.18 5.813 0.Long t