BALANCE SHEET ANALYSIS OF JOINT STOCK COMPANIES

LISTED ON THE KARACHI STOCK EXCHANGE

(2004-2009)

STATE BANK OF PAKISTAN

STATISTICS AND DWH DEPARTMENT

Team Leader
Dr. Azizullah Khattak Director aziz.khattak@sbp.org.pk

Team Members

Dr. Ishaque Ahmed Ansari

Additional Director ishaque.ahmed@sbp.org.pk Senior Joint Director sajjad.hussain@sbp.org.pk Joint Director shahid.latif@sbp.org.pk Assistant Director muhammad.saeed2@sbp.org.pk Assistant Director arfan.dilber@sbp.org.pk

Sajjad Hussain

Shahid Latif

Muhammad Saeed

Muhammad Arfan Dilber

Contents
Page No. Introduction Methodology Executive Summary Key Performance Indicators Analytical Tables and Profiles: I. Sectors (a) Overall (b) Private (c) Public II. Economic Groups 1. Textile & Other Textiles (a) Textiles (b) Other Textiles 2. Chemicals 3. Engineering 4. Sugar & Allied Industries 5. Paper & Board 6. Cement 7. Fuel & Energy 8. Transport & Communication 9. Other (a) Tobacco (b) Jute (c) Vanaspati & Allied Industries (d) Miscellaneous III. Appendix:1 Appendix:2 566 574 575 584 585 594 595 682 684 - 687 688 - 689 7 - 238 239- 265 266 323 324 384 385 442 443 460 461 496 497 541 542 565 12 3-4 5-6 i ii - x xi xv xvi

Introduction
I. Preliminaries The analysis is based on the published balance sheets of non-financial companies listed at the Karachi Stock Exchange during the year 2009. For the purpose of comparison, the analysis of the previous five years is also included in the publication. The number of companies included in the statistical analysis varied from year to year. All the listed companies (except financial sector) during 2009 have been classified into economic groups except Tobacco, Jute, Vanaspati & allied and Others which have been included into the miscellaneous group. The year-wise distribution of companies classified according to the respective economic group is as under: Table: 1 Distribution of companies by economic groups. Economic Groups Cotton and Other Textiles Chemicals Engineering Sugar and Allied Industries Paper and Board Cement Fuel and Energy Transport Miscellaneous Total: Years 2006 2007 181 34 41 35 10 22 28 12 73 436 180 34 41 36 10 20 27 12 77 437

2004 189 36 42 35 12 22 25 13 77 451

2005 182 34 41 35 12 22 28 15 74 443

2008 182 35 40 36 10 21 27 12 74 437

2009
167 36 38 36 9 21 27 13 67 414

During 2009, eight new companies were added whereas thirty one companies were excluded from the analysis mainly due to non-availability of their annual balance sheets for the last three years or more. Annual reports of twenty one companies (mostly on default counter of KSE) were not available at the time of the analysis. To present a comparable and consolidated picture, the last available data in respect of these companies have been repeated. 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 obtained from actual amount of balance sheet. The symbol appearing in the analytical tables stand for Not applicable or Not available. The publication is based on the two sets of analysis: (a) Overall summary: This gives the consolidated financial analysis of companies listed at KSE.

(b) Company-wise analysis:

This provides financial analysis of the individual companies.

II. Methodology A. Capital Structure 1. Ordinary Share Capital This represents the total paid-up capital against issue of ordinary shares. These are amounts of capital actually paid by the shareholders to the institution for acquiring its shares. It includes shares paid in cash (subscribed/right issued), issued as bonus shares and shares issued for considerations other than cash (e.g. for settlement of receivables/debts or debts redeemable into stock etc.). 2. Reserves It is evaluated by aggregating all kinds of reserves except depreciation reserve and reserve for bad and doubtful debts plus the balance of profit and loss account and subtracting there from intangible or fictitious assets (e.g., goodwill, preliminary expenses, exploration accounts, patents, trade mark) and adverse balance of profit and loss figures. The reserves entering into the calculation are: (i) General (ii) Capital (iii) Development (iv) Dividend equalization (v) Proposed issue of bonus shares (vi) Profit on re-issue of forfeited shares (vii) Premium on shares (viii) Capital profit arising from the sale of fixed assets (ix) Special reserves under relevant provision of Income Tax Act (x) Raw material price equalization (xi) Tax equalization (xii) Contingency (xiii) Leave passage (xiv) Workmens compensation fund (xv) Gratuity, pension or provident fund (xvi) Investment depreciation but not including provision for actual shortfall of market value as compared with book value (xvii) Publicity (xviii) Employees housing and welfare fund (xix) Charities (xx) Deferred liabilities (xxi) Taxation reserves including deferred taxation reserves, but not including provision for tax assessed or estimated on actual or part of profits. 3. Shareholders Equity This item purports to represent the total stake of the shareholders in the business and has been obtained by adding the ordinary share capital to the surplus. 4. Preference Shares As the name indicates these are ordinary shares of a company and pays a fixed dividend (whether the company is earning profit or making loss during operation), but its shareholders have no voting privilege. In case of liquidation of the company its status is normally considered prior to the status of ordinary shareholders. The difference between ordinary shares and preference shares is as follows:

ii

a) Ordinary shareholder will receive dividend, which varies according to the prosperity of the company but preference shareholder will receive a fixed amount dividend every year. b) Ordinary shareholder has a right of voting in the companys annual general meeting while the preference shareholder has no voting right. c) Ordinary shareholders have to claim on the net assets of the company in case of liquidation, while the claim of the preference shareholders is paid earlier. 5. Debentures / TFCs These are bonds/certificates issued by a company to raise funds for long-term period (generally more than one year) for a specific purpose, sometimes convertible into stock. At present, debentures have been replaced by TFCs (Term Finance Certificates). 6. Other Fixed Liabilities The liabilities, which are required to be discharge after a period of more than one year from the date of balance sheet, are termed as other fixed liabilities or loan capital. They may consist of the following items: (i) Loans from financial institutions. (ii) Loans from non bank financial companies. (iii) Loans from specialized financial institutions (iv) Foreign loans (v) Vendors account 7. Total Fixed Liabilities It is the sum of the preference shares, debentures and other fixed liabilities. 8. Total Capital Employed It is the sum of shareholders equity and total fixed liabilities. B. Liquidity 1. Current Assets An asset is to be a current asset, which can be readily convertible into cash or equivalent without any significant loss in value. The current assets comprise of liquid assets, inventories and other current assets. a) Liquid Assets Broadly speaking, liquid assets comprise of all assets like cash, bank balance, marketable security, etc., which are easily realisable almost at book value. While there cannot be two opinions regarding the status of cash, current accounts and government securities in this context, the treatment of savings and fixed deposits and of shares of joint stock companies not quoted on stock exchange leaves the analyst in doubt. The classification of borderline cases had therefore, to be made partly in keeping with the

iii

objective of the analysis and partly on ones own subjective judgment. For this study, liquid assets that are also sometimes referred to as liquid capital have been bifurcated as cash and investments and comprise of the following items: (i) Cash in hand (ii) Cash in transit (iii) Current deposits (iv) Saving deposits (v) Call deposits (vi) Fixed deposits (vii) Deposits held abroad (viii) Government and corporate securities (ix) Savings and Unit Trust Certificates (x) Debentures stock of local or foreign companies b) Inventories It comprises of stocks of raw material in hand, work in progress and finished goods at the closing date c) Other Current Assets The following items are taken as other current assets: (i) Book debts including bad and doubtful debts (ii) Stores (iii) Work in progress(current) (iv) Advances, prepayments, etc. 9. Current Liabilities All liabilities, which are required to be discharge 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. The current liability consists of the following items. (a) Sundry Creditors (i) (ii) (iii) (iv) (v) Income tax payable For expenses For other finance Bills payable Advances from customers against orders

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

iv

(c) Loans, Deposits and Advances (i) (ii) (iii) (iv) (v) (vi) (vii) Loans secured by stock or other current assets Bank overdrafts and other unsecured loans Short term loans acquired against the security of fixed assets Unsecured loan from directors, parent company, and subordinate loan Due to managing agents Advances by directors Guarantee and security deposits of customers and staff

10. Total Liabilities This item pertains to sum of total fixed liabilities and current liabilities except shareholders equity. 11. Net Current Assets It has been obtained by deducting the amount of current liabilities from current assets. 12. Contractual Liabilities This item pertains to all secured debentures, long-term loans, finance lease, short term secured loans and bank overdraft (Interest bearing secured loans). 13. Net Liquid Assets This is the difference of liquid assets and the current liabilities. C. Fixed Assets 1. Fixed Assets at Cost In contra distinction to current assets, fixed assets consist of items, which are not readily convertible into cash during the course of normal operations of an enterprise. These items are not subject to periodical exchange through sales and purchases. Fixed assets are of permanent nature and are not normally liquidated or intended to be turns 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) (ii) (iii) (iv) Freehold and leasehold land Factory and office buildings Residential buildings Capital projects in progress at cost

(b)Plant, Machinery and Rolling Stock (i) (ii) (iii) (iv) (v) (vi) (vii) All types of plant and machinery used for production and not for sale Crockery, cutlery, silverware and enamelware in hotels Construction tools Livestock in farming company Cars, lorries, trucks, ships, launches etc. Railway siding and trolley lines Computers and other electronic equipments.
v

(c) Furniture, Fixtures, Fittings and Allied Equipment (i) (ii) (iii) (iv) Electric fans, refrigerators, air conditioners, electric heating, sanitary and other fittings. Laboratory equipment All types of office furnitures and equipment Advertising, fixtures and fittings.

2. Fixed Assets After Deducting Accumulated Depreciation Deducting the accumulated depreciation from the fixed assets of the company gives this item. 3. Depreciation for the year It includes all the depreciation charges to the profit and loss account during the year. Owing to the absence of uniform accounting standards, depreciation is a subjective item and varies from company to company. It is important for the analyst to know what effect such variation could have on the net profit. 4. Total Assets This item is sum of fixed assets at cost after deducting accumulated depreciation, and current assets. D. Operations 1. Gross Sales This item represents the sale proceeds of the company. Sales revenue is classified as local sales and export sales. 2. Gross Profit Subtracting cost of sales from sales revenue arrives at gross profit. 3. Overhead and Other Expenses These are total expenses that are incurred on the operational activities of a company except financial expenses and include: (i) Cost of sales (ii) Administrative and general expenses (iii) Selling and distribution expenses (iv) Other expenses 5. Operating Profit Subtracting overhead and other expenses from gross sales and adding thereto-non-operating income gives operating profit. 6. Financial Expenses These are interest expense incurred on borrowing of long and short terms loans. It includes the following items;

vi

(i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) (xi)

Mark-up and interest on long term loan Mark-up and interest on debentures and redeemable capital Mark-up and interest on short term loan Interest on private loan Financial charges against assets subject to finance lease Interest and mark-up on supplier credit Interest on workers profit participation fund. Bank charges and commission. Excise duty on long and short-term finance. Discounting charges on receivables. Exchange losses.

7. Net Profit before Tax Provision It is the profit earned by the company during the year before tax provision. 8. Tax Provision It is provision of taxation made on current years profit. 9. Total Amount of Dividend It is the total dividend including interim dividend distributed or proposed to be distribute out of the current years profit 10. Total Value of Bonus Shares Issued This is the total amount of bonus shares issued to the shareholders as appropriation net profit after tax of the company during the year. E. Source of Increase in Capital Employed 1.Increase/ Decrease in Capital Employed The difference in value of total capital employed (i.e., share capital, surplus, preference capital, debentures and other fixed liabilities) at the beginning of the year and the corresponding figures at the end of the year and shown as increase (+)/ decrease (-). 2. Retention in Business This item 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. 3. Finance from outside the company The difference between the increase in the capital employed and the retention in the business is the finance from outside the company. It is possible for this item to be negative. Indeed in some circumstances it is also possible for the increase in the capital employed as well as the retention in business to be negative, for instance where dividends are distributed not out of the current earnings but out of the reserves.

vii

F. Cash Flow Data 1. Depreciation for the year plus Retention in Business The total funds that corporation generates internally for investment in the modernization and expansion of plant and equipment. 2. Depreciation for the year plus changes in Capital Employed Depreciation for the year is added in the difference of two successive years figures of total capital employed. G. Operating Financial & Investment Ratios 1. Gearing Ratio

This item shows the proportion that the fixed loan capital bears to the total capital employed. Where there is preference capital, there is an item of Gearing i.e., the fixed loan capital plus the preference capital as the ratio of the total capital employed. The justification for taking the preference capital together with the fixed liabilities is that, from the ordinary shareholders point of view, both items represent a fixed charge on the profits. Total capital employed is shareholders equity plus total fixed liabilities. Gearing becomes inapplicable when the shareholders equity becomes zero or negative.
2. Current Ratio This item tells a lender about the liquidity of the assets and as a result its ability to pay the short - term debts. 3. Acid Tests 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 liabilities if it needs to convert its quick assets into cash. 4. Debt Equity Ratio In debt equity ratio, the total debt is compared with the shareholders equity; the lower the ratio the better the companys solvency, the higher ratio is a risk to a present or future creditor. 5. Return on assets This ratio is considered a measure of how effectively assets are used to generate a return. 6. Self -Financing Ratio The ratio expresses the amounts retained in business as percentage of increase/ decrease in the capital employed.

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7. Cash Flow Ratio This ratio has a purpose somewhat similar to the self-financing ratio. The only difference being that it takes into account the amount of depreciation. 8. Shareholders Equity as % of Ordinary Share Capital It is the shareholders equity to the ordinary share capital, which means the stake of ordinary shareholders in the total equity of the company. 9. Overhead and Other Expenses as % of Gross Sales It shows the ratio of overhead and other expenses to the gross sales. This is an important ratio, which indicates the contribution of operating expenses in the operating revenue through sales of the company. Lowering the percentage, the company is more viable and efficient. 10. Financial Expenses as % of Operating Profit This shows the ratio of financial expenses to operating profit. It identifies how much weight the company will bear from its operating profit before reaching to the net profit before tax. Smaller ratio is a good for a company. 10. Financial Expenses as % of Gross Sales It shows the ratio of financial expenses to gross sales. Lowering the ratio indicates the financial discipline of the company and the increasing ratio indicates that the company is facing financial expense burden out of its gross sales revenue 11. Financial Expenses as % of Contractual Liabilities It shows cost incurred (interest/mark up paid) on contractual liabilities. 13. Tax Provision as % of Net Pre-tax Profit It shows the portion of net profit set aside for tax provisions. 14. Sundry Debtors as % of Gross Sales It is the ratio of outstanding credit (all sales receivables) to the total sale proceeds of the company. Higher the percentage, the company is increasing its debtors and credit risk and reducing its liquidity position. 15. Net Profit as % of Shareholders Equity It is worked out by dividing the net profit before tax by the shareholders equity, expressing the result in percentage.

ix

H. Key Performance Indicators 1. Dividend Cover Ratio The ratio of net profit after tax to total amount of dividend. 2. Dividend Ratio to Equity This item has been worked out by dividing the total amount of dividend by the shareholders equity, expressing the result in percentage. 3. Net Profit Margin. This ratio shows how much profit comes from every rupee of sales. 4. Earning per Share It has been arrived by dividing the net profit (before/after tax) by the number of ordinary shares. 5. Average annual % Depreciation on Written Down Fixed Assets This item is simple depreciation rate and is intended to give some idea of the companys practice with regard to depreciation. Since there are so many items in the fixed assets schedule, it is not practicable to calculate depreciation rate for all the items individually. Therefore, an aggregate depreciation rate for all the items taken together has been worked out. The method is to take total depreciation provided during the financial year and dividing it by the written down value of the total fixed assets at the beginning of the financial year. The result is expressed in percentage. 6. Sales as % of Total Assets This item indicates how efficiently the business of a company generates sales on each rupee of assets. 7. Sales Growth (Current Years Sales - Last Years Sales) Sales growth is the percentage increase or decrease in sales between two time periods. 8. Break-up Value of Ordinary Shares It is obtained by dividing the sum of ordinary share capital and the surplus by the number of ordinary shares.

Executive Summary The non-financial sector companies listed at Karachi Stock Exchange (KSE) showed relatively better performance during the year 2009. Positive outlook has been seen on account of sales and profitability in sugar, paper & board and cement sectors while a depression is observed in engineering, jute and other textile sectors. Brief review of the important indicators during years 2008 and 2009 is given below. Capital Structure Total paid up capital of ordinary shareholders increased by Rs. 20.44 billion or 4.87 percent from Rs. 419.56 billion in 2008 to Rs. 439.99 billion in 2009, where as it was increased by Rs. 25.05 billion or 6.35 percent in 2008 over 2007. Sector wise position of capital structure is as under: Total Capital Employed by Economic Sectors Economic Sector Cotton Textile Other Textile Chemicals Engineering Sugar and Allied Industries Paper and Board Cement Fuel and Energy Transport and Communications Tobacco Jute Vanaspati and Allied Industries Others Total Total Capital Employed 2009 2008 199,425 211,020 27,004 31,678 219,096 148,574 88,103 84,356 35,474 31,339 44,698 40,919 176,777 186,940 424,075 390,674 205,629 197,664 11,060 9,612 5,901 5,310 -474 -1,225 65,687 64,316 1,502,455 1,401,177 (Million Rupees) Change (%) -5.49 -14.76 47.47 4.44 13.20 9.24 -5.44 8.55 4.03 15.07 11.12 61.35 2.13 7.23

Total shareholders equity increased by 8.32 percent from Rs. 969.08 billion to Rs. 1049.69 billion during 2009. Total fixed liabilities increased by 4.78 percent from Rs. 432.10 billion in 2008 to Rs.452.77 billion in 2009. A comparison of growth, in the composition of capital structure in the current year with that of the previous year yields: 2009 over 2008 Shareholders equity Total fixed liabilities Total capital employed 8.32 % 4.78 % 7.23 % 2008 over 2007 1.69 % 19.28 % 6.53 %

xi

Positive growth trend observed in shareholders equity and similarly the total fixed liabilities maintain positive growth momentum but comparatively slower as compare to last year which reflects demand for finances from banks and other financial institutions. Total capital employed is also quite favorable this year except textile and cement sector. The increase in ordinary share capital and reserve & surplus during the year were 4.87 percent and 10.95 percent respectively. The change in reserve and surplus was negative (-1.61 %) in the previous year.

Figure 1: Capital Structure of Non-Financial sector-2009

1600.0 1502.5

1400.0

Billion Rupees

1200.0 1000.0 800.0

1049.7

609.7
440.0 452.8

600.0 400.0
200.0 0.0

Paid-up Capital

Surplus

Shareholders equity

Total fixed liabilities

Total capital employed

Liquidity
Overall liquid assets of non-financial sector decreased by 6.60 percent from Rs.422.93 billion in 2008 to Rs. 395.02 billion in 2009 as against an increase of 3.36 percent last year. The major decrease during the year was in the sectors Figure 2: Aggregate Composition of Assets of cement by Rs. 450.0 12.98 billion and Fuel 400.0 & Energy by Rs. 350.0 63.91 billion. Cash 300.0 250.0 and bank balance 200.0 showed a decrease of 150.0 100.0 Rs. 33.5 billion or 50.0 19.38 percent in 2009 0.0 2004 2005 2006 2007 2008 2009 as against an increase Cash and bank balances 160.9 188.3 184.1 169.7 172.9 139.4 of 1.89 percent Investments 80.3 112.6 192.5 239.5 250.0 255.6 witnessed last year. Whereas short-term Liquid Assets 241.2 300.9 376.7 409.2 422.9 395.0 investment increased Working capital 95.8 159.7 143.8 154.9 71.5 48.6 by 2.24 percent or Rs. 5.6 billion in 2009 as against an increase of 4.41 percent in 2008. Working capital at Rs. 48.56 billion showed a decrease of 32.12 percent in 2009 from Rs.71.53 billion in 2008. Total liabilities of the corporate sector increased by 13.24 percent i.e. from Rs.1854.38 billion in 2008 to Rs.2099.85 billion in 2009.
Billion Rupees

xii

Fixed Assets
The fixed assets after deducting accumulated depreciation (book value) of overall position amounted to Rs.1453.89 billion in Figure 3: Composition of Assets 2009. The increase was 3500.0 noted to be of RS. 3000.0 124.3 billion or 9.34 2500.0 percent in 2009 over the previous year. Total 2000.0 assets stood at Rs. 1500.0 3149.53 billion in 2009 1000.0 shown an increase of 500.0 11.55 percent over Rs. 0.0 2004 2005 2006 2007 2008 2009 2823.46 billion in 2008. Fixed Assets (book value) 720.3 858.6 1016.6 1160.3 1329.6 1453.9
Total assets

Billion Rupees

1413.0

1703.5

2048.4

2356.6

2823.5

3149.5

Operational Activities
The gross sales of all non-financial listed companies were Rs.3431.92 billion in 2009 as against Rs. 3356.39 billion in 2008, showing an increase of Rs. 75.5 billion or 2.25 percent while local sales remained same, Figure 4: Gross Sales and Cost of Sales whereas the export sales increased by Rs. 4000.0 75.5 billion or 30.02 3500.0 percent in the current 3000.0 year. Cost of goods 2500.0 sold at Rs. 2938.19 2000.0 billion in 2009, 1500.0 showing an increase of 1000.0 2.74 percent as 500.0 compared to the 0.0 previous year. The 2004 2005 2006 2007 2008 2009 gross profit decreased Gross sales 1632.8 2031.2 2571.0 2837.9 3356.4 3431.9 by Rs. 2.8 billion or Cost of sales 1360.2 0.56 percent from Rs. 1672.7 2166.3 2431.1 2859.9 2938.2 496.49 billion in 2008 to Rs. 493.74 billion in 2009. The major sectors which contributed in this decline were paper & paperboard by 53.08 percent, other textile by 31.85 percent, Transport & communication by 16.00 percent , Fuel & energy by 10.88 percent, chemical by 11.23 percent, vanaspati & allied industries by 8.89 percent, and engineering by 7.8 percent.
Billion Rupees

xiii

Net profit before taxes, which stood at Rs. 202.58 billion in 2008 decreased by Rs. 5.89 billion or 2.90 percent to Rs.196.99 billion in 2009. Increase in net Profit before tax is shown in the sectors of Transport & communication Rs. 44.52 billion, cement Rs. 11.61 billion, paper and paperboard Rs. 4.27 billion, sugar and allied industries Rs. 2.28 Figure 5: Net Profit and Retention billion whereas 300.0 decline is witnessed in fuel & energy 250.0 Rs. 40.63 billion, 200.0 chemicals Rs. 11.51 billion, 150.0 cotton textile Rs. 100.0 10.37 billion and engineering Rs. 50.0 6.98 billion. Out of profit amount 0.0 2004 2005 2006 2007 2008 2009 retained in the Net profit (before taxes) 175.5 225.0 256.7 229.3 202.9 197.0 business was Rs. Retention in business 52.1 92.3 81.0 71.1 4.7 10.5 10.47 billion in 2009 as against Rs. 4.68 billion in 2008 showed an increase of Rs. 5.8 billion or 123.72 percent. The finance inducted from outside sources of the business is increased by 11.78 percent to Rs. 90.81 billion in 2009 as compared to Rs. 81.24 billion in 2008 which shows increased business momentum in 2009. Return on assets, which were 7.2 percent in 2008 further decreased to 6.3 percent in 2009 reflect the capital market which started declining during the previous year, also continued its downward trend in the current year.
Billion Rupees

xiv

Key Financial Ratios

Sundry debtors ratio to gross sales indicates a growth of 43.12 percent, at 15.6 percent in 2009 from 10.9 percent in 2008. Dividend ratio to equity, which was 11 percent in 2008, remains same in 2009. Corporate sector dividend payout has been grown by 8.60 percent as compared to 8.83 percent in 2008.

Figure 6: Key Financial Ratios

18.0
16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0 Sundry debtors as % of gross sales Dividend ratio to equity 2004 7.0 12.4 2005 7.8 8.9 2006 7.8 11.7 2007 8.8 10.2 2008 10.9 11.0 2009 15.6 11.0

Bonus shares issued by the companies in non-financial sector recorded an increase of 1.59 percent as compared with the 59.06 percent in the previous year. Earnings per share after tax which was Rs. 2.60 per share in 2008 has increased to Rs. 2.90 per share in 2009 (net increase of 11.54 percent in the value per share during the current year). The ratio of gross sales to total assets, which was 118.9 percent in 2008, was decreased to 109 percent in 2009. This is a negative sign for the corporate sector that rising assets did not succeed to promote more sales, which showed positive relationship in the previous year. Overall it is evident that during the year 2009 the listed companys of non-financial sector shows a mixed trend in almost all areas of financial analysis as being the course last year.

Percent

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Table: Key performance Indicators by Economic Groups for the Year 2009
(Million Rupees)

Economic Groups Key Paper and Board Communications Sugar and Allied Performance Indicators

Other Textiles

Overall Textile Sector

Allied Industries

Fuel and Energy

Transport &

Vanaspati &

Engineering

Chemicals

Industires

Tobacco

Cement

Paid -up-Capital

439,997.9

37,841.0

9,046.9

50,917.7

12,780.7

8,495.3

2,238.9

55,661.4

150,799.1

95,822.6

3,182.8

523.8

172.8

12,515.1

Total amount of dividend Total value of bonus shares issued Increace/ Decrease(-) in capitral employed Dividend cover ratio (%) Dividend ratio to equity (%) Net profit margin (%) Return on equity (%)

115,341.4

1,535.1

322.1

19,676.0

4,226.4

574.4

3,491.5

1,490.0

66,559.0

8,460.9

3,312.2

42.6

4.6

4,840.7

279.2

0.0

1,196.4

379.6

161.8

0.0

784.9

2,027.2

181.9

0.0

42.6

0.0

101,277.4

-11,595.3

-4,674.4

70,521.8

3,747.2

4,135.8

3,779.4

-10,163.0

33,400.2

7,965.0

1,448.2

590.6

751.7

109.1

-331.7

-1,103.9

134.2

80.7

359.4

125.6

393.0

116.1

-4.1

122.2

1,619.5

184.8

11.0

1.2

1.7

15.1

5.5

2.6

12.7

1.3

18.6

8.6

29.9

0.8

0.0

Others
6,217.5 231.0 1,370.6 171.4 11.1 9.1 27.2 12.2 8.5 8.0 132.3 2.4 44.7

Jute

5.7

-0.9

-5.7

14.2

3.1

3.6

18.0

5.5

6.1

2.3

17.5

10.3

1.2

18.8

-2.3

-16.9

29.8

10.0

13.0

16.7

6.1

32.4

4.2

55.7

17.8

0.0

Earning per share before tax (Rs./share) Earning per share after tax (Rs./share) Avg. Annual depreciation as % of fixed assets (Book Value) Sale as % of total assets Sales growth (%)

4.5

-0.8

-3.5

7.6

6.0

3.4

20.5

1.3

7.7

0.4

19.3

19.0

3.3

2.9

-1.3

-3.9

5.2

2.7

2.4

19.6

1.1

5.1

0.0

12.7

13.2

0.5

8.0

7.5

9.9

13.3

8.9

6.1

7.3

4.2

8.1

8.4

12.8

7.8

4.1

109.0

81.1

81.9

83.6

134.8

89.5

45.5

46.2

157.5

48.8

153.8

124.7

253.3

2.3

8.4

-2.5

6.9

-13.7

2.2

8.1

16.1

6.4

-12.6

-52.6

-12.6

-14.4

Breakup value of ordinary shares (in Rs)

23.9

34.6

20.8

25.5

59.6

26.1

123.1

20.9

23.7

10.3

34.7

106.4

-27.5

xvi

Overall
Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

2004
305607.6 289229.7 594837.3 1083.4 23473.5 196727.2 221284.1 816121.4 241184.3 160856.8 80327.5 267962.8 183539.6 692686.7 596893.4 818177.5 95793.3 373561.8 -355709.1 1150211.4 720328.2 60445.2 1413014.9 1632833.9 1507135.3 125698.6 1360160.9 272673.0 1471056.3 199205.3 23751.7 175453.6 49604.0 73715.2 2263.2 172834.0 52134.4 120699.6 112579.6 233279.2 27.1 116.0 85.3 137.5 12.4 30.2 48.3 194.6 90.1 11.9 1.5 6.4 28.3 7.0 29.5 170.7 12.4 10.7 5.7 4.1 9.2 115.6 39.0 18.1 19.5

2005
354203.5 430745.5 784949.0 3628.2 30904.9 198830.9 233364.0 1018313.0 300873.5 188306.3 112567.2 337303.3 206674.0 844850.8 685142.3 918506.3 159708.5 445335.7 -384268.8 1458664.4 858604.5 69186.1 1703455.3 2031217.2 1898311.0 132906.2 1672723.8 358493.4 1814613.0 254458.2 29473.3 224984.9 62677.7 70028.1 3398.8 202191.6 92279.1 109912.5 161465.2 271377.7 22.9 123.3 93.1 117.0 13.2 45.6 59.5 221.6 89.3 11.6 1.5 6.6 27.9 7.8 28.7 231.8 8.9 11.1 6.4 4.6 9.2 119.2 12.3 24.4 22.2

2006
372335.5 501329.3 873664.8 3519.3 31265.3 251932.6 286717.2 1160382.0 376657.8 184141.8 192516.0 414622.0 240567.9 1031847.7 888036.0 1174753.2 143811.7 556211.5 -511378.2 1671976.7 1016570.4 75870.1 2048418.1 2570950.5 2406191.2 164759.3 2166348.2 404602.3 2328818.5 305994.2 49293.8 256700.4 73133.2 102525.7 5763.8 142069.0 81041.5 61027.5 156911.6 217939.1 24.7 116.2 89.1 134.5 12.5 57.0 72.0 234.6 90.6 16.1 1.9 8.9 28.5 7.8 29.4 179.0 11.7 10.0 6.9 4.9 8.8 125.5 7.8 26.6 23.5

2007
394509.6 558499.1 953008.7 10168.4 45095.4 306985.9 362249.7 1315258.4 409161.4 169690.2 239471.2 515561.9 271532.6 1196255.9 1041342.7 1403592.4 154913.2 646344.5 -632181.3 1863049.7 1160345.2 86225.3 2356601.1 2837922.7 2632698.1 205224.6 2431127.0 406795.7 2616505.1 296425.9 67127.4 229298.5 60628.3 97589.8 2995.8 154876.4 71080.4 83796.0 157305.7 241101.7 27.5 114.9 88.8 147.3 9.7 45.9 65.2 241.6 92.2 22.6 2.4 10.4 26.4 8.8 24.1 172.8 10.2 8.1 5.8 4.3 8.6 120.4 -15.9 10.4 24.2

(Million Rupees) 2008 2009

419555.4 549522.7 969078.1 9451.9 49685.8 372960.9 432098.6 1401176.7 439997.9 609688.0 1049685.9 11989.5 53487.6 387291.1 452768.2 1502454.1

422926.1 395016.0 172892.1 139380.3 250034.0 255635.7 708862.2 971037.2 362027.0 329584.6 1493815.3 1695637.8 1422282.3 1647077.7 1854380.9 2099845.9 71533.0 48560.1 842756.6 802081.5 -999356.2 -1252061.7 2090354.5 1329643.7 96564.7 2823459.0 3356386.8 3104745.7 251641.1 2859893.8 496493.0 3130055.8 298814.2 95936.5 202877.7 91992.7 106204.7 4765.0 85918.3 4680.3 81238.0 101245.0 182483.0 30.8 105.0 79.6 191.4 7.2 5.4 55.5 231.0 93.3 32.1 2.9 11.4 45.3 10.9 20.9 104.4 11.0 6.0 4.8 2.6 8.3 118.9 -17.2 18.3 23.1 2343722.9 1453894.5 100172.3 3149532.3 3431922.4 3104739.9 327182.5 2938185.9 493736.5 3189172.9 325319.6 128333.7 196985.9 71173.8 115341.4 4840.7 101277.4 10470.7 90806.7 110643.0 201449.7 30.1 102.9 82.9 200.0 6.3 10.3 54.9 238.6 92.9 39.4 3.7 16.0 36.1 15.6 18.8 109.1 11.0 5.7 4.5 2.9 8.0 109.0 -6.3 2.3 23.9

Overall

Operating, Financial & Investment Ratios

250
200
%

150 100 50 0

2004

2005 Gearing ratio

2006 Debt equity ratio

2007 Current ratio

2008

2009

Private
Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

2004
189177.8 211634.0 400811.8 1082.4 7546.9 131238.9 139868.2 540680.0

2005
220928.2 319837.8 540766.0 3627.2 16484.7 161820.7 181932.6 722698.6

2006

2007

(Million Rupees) 2008 2009

236670.1 308092.5 331850.5 349612.6 402749.4 479868.0 486619.7 471550.8 639419.5 787960.5 818470.2 821163.4 3518.3 10168.4 9451.9 11979.5 18018.3 31384.0 37255.7 33890.1 184310.6 231063.9 268078.8 291920.7 205847.2 272616.3 314786.4 337790.3 845266.7 1060576.8 1133256.6 1158953.7 347177.0 125268.1 221908.9 565484.2 286747.0 1199408.2 1167002.4 1504792.7 32405.8 648934.7 -819825.4

160047.9 224657.7 266378.1 340787.9 355255.9 90921.4 139135.3 108408.3 140648.6 145194.1 69126.5 85522.4 157969.8 200139.3 210061.8 168720.4 208525.6 260344.2 347485.0 484899.1 144697.0 179421.2 200624.0 235366.3 297817.7 473465.3 612604.5 727346.3 923639.2 1137972.7 393110.6 486178.7 585272.5 784171.9 1059687.7 532978.8 668111.3 791119.7 1056788.2 1374474.1 80354.7 126425.8 142073.8 139467.3 78285.0 270828.5 374633.0 430169.6 511631.4 666958.2 -233062.7 -261521.0 -318894.4 -443384.0 -704431.8

724104.7 932476.7 1072793.1 1473687.2 1641850.4 1839043.0 460325.2 596272.5 703192.7 921109.6 1054971.5 1126548.5 37306.1 41702.7 47779.6 66432.8 74568.7 80515.2 933790.5 1208877.0 1430539.0 1844748.8 2192944.2 2325956.7 1031308.4 913080.1 118228.3 853942.3 177366.1 922263.0 126206.0 18046.2 108159.8 26730.9 39909.3 2206.0 133840.3 41519.6 92320.7 78825.7 171146.4 25.9 120.4 83.6 133.0 11.6 31.0 46.1 211.9 89.4 14.3 1.7 6.7 24.7 6.9 27.0 204.0 10.0 10.5 5.7 4.3 8.9 110.4 54.1 22.8 21.2 1287627.4 1167237.6 120389.8 1040154.0 247473.4 1116097.4 195110.0 23992.7 171117.3 39922.5 60169.1 3340.5 182018.6 71025.7 110992.9 112728.4 223721.3 25.2 126.0 89.1 123.5 14.2 39.0 50.4 244.8 86.7 12.3 1.9 6.4 23.3 7.2 31.6 218.0 11.1 13.3 7.7 5.9 8.3 106.5 35.1 24.9 24.5 1640222.3 1496605.1 143617.2 1337243.2 302979.1 1427524.6 249914.7 38928.3 210986.4 51181.0 89644.3 3988.0 122568.1 70161.1 52407.0 117940.7 170347.7 24.4 124.3 90.0 123.7 14.7 57.2 69.2 270.2 87.0 15.6 2.4 9.0 24.3 7.3 33.0 178.3 14.0 12.9 8.9 6.8 8.0 114.7 15.6 27.4 27.0 1952451.1 1747226.5 205224.6 1678945.1 273506.0 1812290.0 196526.6 55508.7 141017.9 33043.0 49877.3 2252.8 215310.1 58097.6 157212.5 124530.4 281742.9 25.7 117.8 87.8 134.1 7.6 27.0 44.2 255.8 92.8 28.2 2.8 10.8 23.4 8.2 17.9 216.5 6.3 7.2 4.6 3.5 8.4 105.8 -48.3 19.0 25.6 2261888.1 2010247.0 251641.1 1942861.4 319026.7 2129222.2 184341.7 82256.1 102085.6 52493.8 46303.5 3942.0 72679.8 3288.3 69391.5 77857.0 147248.5 27.8 107.4 79.3 167.9 4.7 4.5 52.9 246.6 94.1 44.6 3.6 12.3 51.4 10.3 12.5 107.1 5.7 4.5 3.1 1.5 8.0 103.1 -32.6 15.8 24.7 2248470.8 1921288.3 327182.5 1932042.0 316428.8 2104045.2 201204.0 106622.7 94581.3 38791.5 67494.9 3181.0 25697.1 -11705.1 37402.2 68810.1 106212.3 29.1 102.8 78.2 183.3 4.1 -45.6 64.8 234.9 93.6 53.0 4.7 16.4 41.0 13.5 11.5 82.7 8.2 4.2 2.7 1.6 8.2 96.7 -12.9 -0.6 23.5

Private

Operating, Financial & Investment Ratios

200
150
%

100

50
0

2004

2005 Gearing ratio

2006 Debt equity ratio

2007 Current ratio

2008

2009

Public
Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

2004
116429.8 77595.7 194025.5 1.0 15926.7 65488.4 81416.1 275441.6

2005
133275.3 110907.7 244183.0 1.0 14420.3 37010.2 51431.5 295614.5

2006
135665.4 98580.0 234245.4 1.0 13247.0 67622.0 80870.0 315115.4

2007
86417.0 78631.1 165048.1 0.0 13711.4 75922.0 89633.4 254681.5

(Million Rupees) 2008 2009

87704.9 62903.1 150608.0 0.0 12430.1 104882.1 117312.2 267920.2 90385.3 138137.2 228522.5 10.0 19597.4 95370.4 114977.8 343500.3

81136.3 76215.7 110279.7 68373.6 67670.2 47839.0 69935.3 49171.0 75733.5 29041.7 27698.0 14112.2 11201.0 27044.7 34546.2 39331.9 39972.2 33726.8 99242.3 128777.7 154277.8 168076.9 223963.2 405553.0 38842.6 27252.7 39943.9 36166.4 64209.2 42837.6 219221.2 232246.1 304501.4 272616.9 355842.6 496229.6 203782.8 198963.7 302763.6 257170.8 362594.6 480075.4 285198.9 250395.2 383633.6 346804.2 479906.8 595053.2 15438.4 33282.4 1737.8 15446.1 -6752.0 16154.2 102733.5 70702.8 126042.0 134713.1 175798.4 153146.8 -122646.5 -122748.0 -192483.9 -188797.2 -294924.4 -432236.4 426106.6 260003.1 23139.1 479224.3 601525.5 594055.2 7470.3 506218.6 95306.9 548793.3 72999.2 5705.4 67293.8 22873.1 33805.9 57.2 39937.2 10614.8 29322.4 33753.9 63076.3 29.6 107.6 88.5 147.0 14.0 26.6 53.5 166.6 91.2 7.8 0.9 5.6 34.0 7.1 34.7 131.4 17.4 11.2 5.8 3.8 9.7 125.5 26.1 11.1 16.7 526187.7 262331.9 27483.4 494578.0 743589.7 731073.3 12516.4 632569.8 111019.9 698515.7 59348.0 5480.6 53867.4 22755.1 9859.0 58.3 20172.9 21253.3 -1080.4 48736.7 47656.3 17.4 116.7 103.0 102.5 10.9 105.4 102.3 183.2 93.9 9.2 0.7 7.8 42.2 8.9 22.1 315.6 4.0 7.2 4.0 2.3 10.9 150.3 -31.0 23.6 18.3 599183.6 313377.6 28090.5 617879.0 930728.2 909586.1 21142.1 829105.0 101623.2 901293.9 56079.5 10365.5 45714.0 21952.1 12881.4 1775.8 19500.9 10880.5 8620.4 38971.0 47591.4 25.7 100.6 87.4 163.8 7.4 55.8 81.9 172.7 96.8 18.5 1.1 8.2 48.0 8.6 19.5 184.5 5.5 4.9 3.4 1.8 10.4 150.6 -15.0 25.2 17.3 389362.5 239235.6 19792.6 511852.5 448504.1 274672.2 21996.0 630514.8 504679.9 327346.0 19657.2 823575.6

885471.6 1094498.6 1183451.7 885471.6 1094498.6 1183451.7 0.0 0.0 0.0 752181.9 917032.4 1006144.0 133289.7 177466.2 177307.7 804215.1 1000833.6 1085127.8 99899.3 114472.5 124115.5 11618.8 13680.4 21710.9 88280.5 100792.1 102404.6 27585.3 39498.9 32382.3 47712.5 59901.1 47846.5 743.0 823.0 1659.7 -60433.9 12982.7 -73416.6 32775.3 -40641.3 35.2 106.0 91.9 210.1 17.2 -21.5 -80.6 191.0 90.8 11.6 1.3 8.6 31.2 10.0 53.5 127.2 28.9 10.0 10.2 7.0 9.7 173.0 200.0 -4.9 19.1 13238.7 1392.1 11846.6 23388.1 35234.7 43.8 98.1 80.4 318.6 16.0 10.5 66.4 171.7 91.4 12.0 1.2 7.8 39.2 12.2 66.9 102.3 39.8 9.2 11.5 7.0 9.5 173.6 12.7 23.6 17.2 75580.1 22175.8 53404.3 41833.0 95237.3 33.5 103.4 94.4 260.4 12.4 29.3 43.9 252.8 91.7 17.5 1.8 14.2 31.6 19.6 44.8 146.3 20.9 8.7 11.3 7.7 7.4 143.7 -1.7 8.1 25.3

Public

Operating, Financial & Investment Ratios

350 300 250
%

200
150 100 50 0

2004

2005 Gearing ratio

2006 Debt equity ratio

2007 Current ratio

2008

2009

Textile Sector

Textile Sector
Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004 2005 2006 2007 2008 2009

23063.4 23232.7 30692.3 32773.5 35312.2 37841.0 46532.9 66875.1 82835.2 103273.6 99395.5 93207.8 69596.3 90107.8 113527.5 136047.1 134707.7 131048.8 241.9 1589.6 1632.7 2432.7 1656.0 2400.2 1232.3 3809.7 8509.3 10540.8 4626.2 5519.7 42697.9 56145.9 61886.5 58962.1 70030.0 60455.9 44172.1 61545.2 72028.5 71935.6 76312.2 68375.8 113768.4 151653.0 185556.0 207982.7 211019.9 199424.6 18250.6 4183.1 14067.5 47823.8 48221.5 114295.9 110989.6 155161.7 3306.3 106246.1 -92739.0 21657.9 5119.6 16538.3 45580.3 65966.8 133205.0 130940.0 192485.2 2265.0 149646.0 -109282.1 42084.2 4836.7 37247.5 51999.6 65342.5 159426.3 150625.6 222654.1 8800.7 173336.9 -108541.4 45664.5 4469.9 41194.6 80538.1 69284.4 195487.0 181364.5 253300.1 14122.5 168521.5 -135700.0 55206.2 3549.5 51656.7 83281.8 91723.2 230211.2 209755.9 286068.1 20455.3 208489.3 -154549.7 53092.2 3404.7 49687.5 81293.7 89825.9 224211.8 222550.5 290926.3 1661.3 185995.4 -169458.3

169461.8 218342.7 258252.5 278657.2 279383.0 325372.1 110462.1 149387.9 176755.2 193860.4 190564.6 197763.8 11239.1 7960.9 11748.3 13181.5 14644.0 13767.0 224758.0 282592.9 336181.5 389347.4 420775.8 421975.6 227136.5 187364.1 250294.5 288506.1 315557.5 342209.2 123172.6 98149.2 139938.1 144851.5 166324.2 169311.6 103963.9 89214.9 110356.4 143654.6 149233.3 172897.6 207428.3 164218.8 220338.1 253538.6 278948.1 298906.4 19708.2 23145.3 29956.4 34967.5 36609.4 43302.8 216704.8 173186.0 232406.4 266942.1 295240.2 319640.0 12821.1 17159.6 21874.9 27381.2 32411.6 27772.9 5788.8 7029.6 14715.2 19380.4 25117.3 30846.7 7032.3 10130.0 7159.7 8000.8 7294.3 -3073.8 4212.5 1393.1 2072.0 4605.7 15459.3 2018.2 1124.2 1341.7 1457.6 853.7 1445.1 1389.7 101.6 572.2 520.0 51.1 615.1 136.0 18211.7 1695.6 16516.1 12934.7 29450.8 38.8 103.0 59.5 222.9 3.1 9.3 43.9 301.8 95.4 45.2 2.5 5.4 59.9 10.7 10.1 250.8 1.6 3.1 3.0 1.2 11.9 101.1 -3.2 20.4 30.2 37884.6 7395.2 30489.4 15356.1 45845.5 40.6 101.7 51.4 213.6 3.6 19.5 33.5 387.8 92.4 41.0 3.8 4.7 13.8 13.2 11.2 651.2 1.5 5.4 4.4 3.8 6.9 66.3 46.7 -17.5 38.8 33903.0 3630.1 30272.9 15378.4 45651.3 38.8 105.8 62.5 196.1 2.1 10.7 33.7 369.9 92.9 67.3 5.9 8.5 28.9 11.2 6.3 349.0 1.3 2.9 2.3 1.7 8.3 74.5 -47.7 33.6 37.0 22426.7 2541.4 19885.3 15722.9 35608.2 34.6 107.8 69.6 186.2 2.1 11.3 44.2 415.1 92.5 70.8 6.7 11.5 57.6 11.5 5.9 397.7 0.6 2.8 2.4 1.0 7.3 74.1 4.3 15.3 41.5 3037.2 -11595.3 -9610.1 -6481.7 12647.3 -5113.6 5033.9 17681.2 36.2 109.8 66.0 212.4 1.7 -316.4 28.5 381.5 93.6 77.5 8.0 12.0 211.9 12.7 5.4 -565.0 1.1 2.3 2.1 -2.3 8.1 75.0 -12.5 9.4 38.1 7285.3 2171.7 34.3 100.7 60.4 222.0 -0.7 55.9 335.5 346.3 93.4 111.1 9.0 16.6 -65.7 14.1 -2.3 -366.4 1.1 -0.9 -0.8 -1.3 7.5 81.1 -138.1 8.4 34.6

Cotton Textiles

Operating, Financial & Investment Ratios

250
200 150
%

100 50 0

2004

2005 Gearing ratio

2006 Debt equity ratio

2007 Current ratio

2008

2009

(Colony) Sarhad Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

40.0 75.8 115.8 0.0 0.0 343.2 343.2 459.0 5.5 0.5 5.0 116.4 102.2 224.1 157.3 500.5 66.8 343.2 -151.8 510.1 392.2 2.0 616.3 115.0 115.0 0.0 112.2 2.8 119.0 -3.6 7.0 -10.6 0.5 0.0 0.0 -11.3 -11.1 -0.2 -9.1 -9.3 74.8 142.5 77.5 432.2 -1.7 289.5 103.5 6.1 2.0 1.2 -9.2 0.0 -9.2 -2.7 -2.8 0.5 18.7 -30.8 -16.1 29.0

2005
40.0 63.5 103.5 0.0 0.0 343.9 343.9 447.4 5.3 0.3 5.0 110.1 109.9 225.3 167.9 511.8 57.4 343.9 -162.6 510.1 390.0 1.4 615.3 56.7 56.7 0.0 58.6 -1.9 63.9 -6.7 5.2 -11.9 0.2 0.0 0.0 -11.6 -12.1 0.5 -10.7 -10.2 76.9 134.2 68.7 494.5 -1.9 258.8 112.7 9.2 1.5 0.2 -11.5 0.0 -21.0 -3.0 -3.0 3.6 9.2 11.1 -50.7 25.9

2006
40.0 38.9 78.9 0.0 0.0 343.9 343.9 422.8 5.3 0.3 5.0 109.7 99.7 214.7 180.2 524.1 34.5 343.9 -174.9 510.1 388.3 1.8 603.0 60.2 60.2 0.0 71.6 -11.4 77.9 -17.4 7.0 -24.4 0.3 0.0 0.0 -24.6 -24.7 0.1 -22.9 -22.8 81.3 119.1 63.8 664.3 -4.0 100.4 100.4 197.3 129.4 -40.2 11.6 2.0 -1.2 0.0 -30.9 0.0 0.0 -40.5 -6.1 -6.2 0.5 10.0 103.3 6.2 19.7

2007
40.0 13.3 53.3 0.0 0.0 27.4 27.4 80.7 0.2 0.2 0.0 120.7 84.0 204.9 510.8 538.2 -305.9 27.4 -510.6 510.1 386.6 3.3 591.5 36.0 36.0 0.0 47.4 -11.4 51.7 -14.4 7.0 -21.4 0.0 0.0 0.0 -342.1 -21.4 -320.7 -18.1 -338.8 34.0 40.1 23.7 1009.8 -3.6 6.3 5.3 133.3 143.6 -48.6 19.4 25.5 0.0 0.0 -40.2 0.0 0.0 -59.4 -5.4 -5.4 0.8 6.1 -11.5 -40.2 13.3

2008
40.0 9.2 49.2 0.0 0.0 304.7 304.7 353.9 16.7 0.2 16.5 115.3 84.0 216.0 247.8 552.5 -31.8 304.7 -231.1 509.8 385.6 0.9 601.6 0.0 0.0 0.0 5.6 -5.6 8.9 -7.8 7.0 -14.8 0.0 0.0 32.5 273.2 -14.8 288.0 -13.9 274.1 86.1 87.2 53.3 1123.0 -2.5 -5.4 -5.1 123.0 0.0 -89.7 0.0 2.3 0.0 0.0 -30.1 0.0 0.0 0.0 -3.7 -3.7 0.2 0.0 -31.5 -100.0 12.3

2009
40.0 -180.1 -140.1 0.0 0.0 0.0 0.0 -140.1 11.1 0.1 11.0 155.4 84.0 250.5 568.3 568.3 -317.8 11.8 -557.2 209.6 177.7 4.0 428.2 0.0 0.0 0.0 9.4 -9.4 13.3 -65.5 7.1 -72.6 0.0 0.0 0.0 -494.0 -72.6 -421.4 -68.6 -490.0 0.0 44.1 29.3 0.0 -17.0 14.7 14.0 -350.3 0.0 -10.8 0.0 60.2 0.0 0.0 0.0 0.0 0.0 0.0 -18.2 -18.2 1.0 0.0 391.9 -35.0

11

(Colony) Thal Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

55.7 79.5 135.2 0.0 0.0 135.8 135.8 271.0 34.6 34.6 0.0 50.1 24.7 109.4 219.3 355.1 -109.9 161.2 -184.7 487.9 380.8 10.6 490.2 369.6 369.6 0.0 361.4 8.2 383.6 -12.9 8.0 -20.9 0.0 0.0 0.0 60.0 -20.9 80.9 -10.3 70.6 50.1 49.9 38.6 262.6 -4.3 -34.8 -14.6 242.7 103.8 2.2 5.0 3.5 -15.5 0.0 -5.7 -3.8 -3.8 4.3 75.4 -22.4 71.6 24.3

2005
55.7 82.2 137.9 0.0 0.0 162.2 162.2 300.1 7.1 7.1 0.0 40.1 75.5 122.7 225.7 387.9 -103.0 251.2 -218.6 470.3 403.3 10.2 526.0 542.2 542.2 0.0 516.1 26.1 531.2 15.2 10.8 4.4 2.4 0.0 0.0 29.1 2.0 27.1 12.2 39.3 54.0 54.4 20.9 281.3 0.8 6.9 31.0 247.6 98.0 71.1 2.0 4.3 54.5 5.0 3.2 0.0 0.8 0.8 0.4 2.7 103.1 -121.1 46.7 24.8

2006
55.7 101.5 157.2 0.0 0.0 157.1 157.1 314.3 3.9 3.9 0.0 34.8 95.9 134.6 197.3 354.4 -62.7 266.0 -193.4 461.7 377.1 13.2 511.7 881.4 881.4 0.0 831.3 50.1 868.4 13.2 19.7 -6.5 4.4 0.6 0.0 14.2 -11.5 25.7 1.7 27.4 50.0 68.2 19.6 225.4 -1.3 -81.0 6.2 282.2 98.5 149.2 2.2 7.4 -67.7 1.8 -4.1 -1816.7 0.4 -0.7 -1.2 -2.0 3.3 172.2 -250.0 62.6 28.2

2007
55.7 52.5 108.2 0.0 0.0 275.0 275.0 383.2 1.6 1.6 0.0 53.7 85.2 140.5 138.1 413.1 2.4 359.3 -136.5 478.8 380.8 14.0 521.3 777.4 777.4 0.0 748.5 28.9 765.1 12.3 25.9 -13.6 3.9 0.0 0.0 68.9 -17.5 86.4 -3.5 82.9 71.8 101.7 40.0 381.8 -2.6 -25.4 -4.2 194.3 98.4 210.6 3.3 7.2 -28.7 2.4 -12.6 0.0 0.0 -1.7 -2.4 -3.1 3.7 149.1 100.0 -11.8 19.4

2008
55.7 18.1 73.8 0.0 0.0 203.1 203.1 276.9 3.3 3.3 0.0 47.9 52.6 103.8 195.1 398.2 -91.3 276.4 -191.8 479.6 368.2 13.4 472.0 374.9 374.9 0.0 374.1 0.8 383.6 -8.7 23.9 -32.6 1.9 0.0 0.0 -106.3 -34.5 -71.8 -21.1 -92.9 73.3 53.2 26.2 539.6 -6.9 32.5 22.7 132.5 102.3 -274.7 6.4 8.6 -5.8 6.0 -44.2 0.0 0.0 -8.7 -5.9 -6.2 3.5 79.4 145.8 -51.8 13.2

2009
55.7 -21.5 34.2 0.0 0.0 199.2 199.2 233.4 4.0 4.0 0.0 73.4 56.9 134.3 223.2 422.4 -88.9 277.7 -219.2 445.9 322.2 12.7 456.5 120.6 120.6 0.0 132.8 -12.2 141.6 -6.6 28.1 -34.7 0.0 0.0 0.0 -43.5 -34.7 -8.8 -22.0 -30.8 85.3 60.2 34.7 1235.1 -7.6 79.8 71.4 61.4 117.4 -425.8 23.3 10.1 0.0 16.9 -101.5 0.0 0.0 -28.8 -6.2 -6.2 3.4 26.4 5.1 -67.8 6.1

12

Accord Textiles Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

93.0 -319.2 -226.2 0.0 0.0 418.5 418.5 192.3 8.2 8.2 0.0 28.0 47.5 83.7 198.7 617.2 -115.0 607.0 -190.5 449.6 307.2 16.2 390.9 273.2 273.2 0.0 303.0 -29.8 308.9 -16.5 1.1 -17.6 1.4 0.0 0.0 260.1 -19.0 279.1 -2.8 276.3 217.6 42.1 18.2 -4.5 -7.3 -1.0 -243.2 113.1 0.4 0.2 0.8 -6.4 -1.9 -2.0 5.0 69.9 -50.0 1.8 -24.3

2005
93.0 -81.8 11.2 0.0 0.0 179.3 179.3 190.5 2.7 2.7 0.0 21.2 63.0 86.9 199.5 378.8 -112.6 216.9 -196.8 457.1 302.9 11.8 389.8 192.4 192.4 0.0 210.4 -18.0 214.4 -22.0 0.0 -22.0 0.8 0.0 0.0 -1.8 -22.8 21.0 -11.0 10.0 94.1 43.6 12.0 3382.1 -5.6 -110.0 12.0 111.4 0.0 0.0 1.1 -196.4 0.0 -11.4 -2.4 -2.5 3.8 49.4 26.3 -29.6 1.2

2006
93.0 -405.2 -312.2 0.0 0.0 81.0 81.0 -231.2 2.2 2.2 0.0 28.9 69.0 100.1 618.9 699.9 -518.8 192.2 -616.7 456.5 287.8 15.1 387.9 269.3 269.3 0.0 306.9 -37.6 311.6 1.5 2.6 -1.1 1.3 0.0 0.0 -421.7 -2.4 -419.3 12.7 -406.6 0.0 16.2 5.0 0.0 -0.3 0.6 -3.1 -335.7 115.7 173.3 1.0 1.4 -118.2 0.9 0.0 0.0 0.0 -0.4 -0.1 -0.3 5.0 69.4 -95.8 40.0 -33.6

2007
93.0 -437.5 -344.5 0.0 0.0 285.1 285.1 -59.4 1.1 1.1 0.0 36.1 13.0 50.2 383.1 668.2 -332.9 290.7 -382.0 456.5 273.5 14.2 323.7 387.9 387.9 0.0 415.4 -27.5 419.8 -31.6 0.9 -32.5 1.9 0.0 0.0 171.8 -34.4 206.2 -20.2 186.0 0.0 13.1 9.7 0.0 -10.0 -20.0 -10.9 -370.4 108.2 -2.8 0.2 0.3 -5.8 1.4 0.0 0.0 0.0 -8.4 -3.5 -3.7 4.9 119.8 3400.0 44.0 -37.0

2008
93.0 -443.7 -350.7 0.0 0.0 229.8 229.8 -120.9 0.4 0.4 0.0 6.8 11.6 18.8 399.6 629.4 -380.8 234.0 -399.2 456.5 259.9 13.6 278.7 378.8 378.8 0.0 380.9 -2.1 384.5 -5.7 0.5 -6.2 1.9 0.0 0.0 -61.5 -8.1 -53.4 5.5 -47.9 0.0 4.7 1.8 0.0 -2.2 13.2 -11.5 -377.1 101.5 -8.8 0.1 0.2 -30.6 0.4 0.0 0.0 0.0 -1.6 -0.7 -0.9 5.0 135.9 -80.0 -2.3 -37.7

2009
93.0 -443.7 -350.7 0.0 0.0 229.8 229.8 -120.9 0.4 0.4 0.0 6.8 11.6 18.8 399.6 629.4 -380.8 234.0 -399.2 456.5 259.9 13.6 278.7 378.8 378.8 0.0 380.9 -2.1 384.5 -5.7 0.5 -6.2 1.9 0.0 0.0 0.0 -8.1 8.1 5.5 13.6 0.0 4.7 1.8 0.0 -2.2 0.0 40.4 -377.1 101.5 -8.8 0.1 0.2 -30.6 0.4 0.0 0.0 0.0 -1.6 -0.7 -0.9 5.0 135.9 0.0 0.0 -37.7

13

Adil Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

77.3 34.3 111.6 0.0 0.0 102.8 102.8 214.4 0.4 0.4 0.0 32.5 96.3 129.2 351.5 454.3 -222.3 172.8 -351.1 658.3 436.6 19.6 565.8 371.8 185.6 186.2 367.0 4.8 385.4 -12.7 8.7 -21.4 1.7 0.0 0.0 10.7 -23.1 33.8 -3.5 30.3 47.9 36.8 9.4 407.1 -3.8 -215.9 -11.6 144.4 103.7 2.3 5.0 0.8 -19.2 0.0 -5.8 -2.8 -3.0 4.7 65.7 -93.8 196.0 14.4

2005
77.3 34.3 111.6 0.0 0.0 93.7 93.7 205.3 33.5 33.5 0.0 37.9 181.0 252.4 506.9 600.6 -254.5 342.8 -473.4 713.1 459.6 15.6 712.0 316.0 205.1 110.9 292.8 23.2 304.5 12.7 11.7 1.0 1.5 0.0 0.0 -9.1 -0.5 -8.6 15.1 6.5 45.6 49.8 14.1 538.2 0.1 232.3 144.4 96.4 92.1 3.7 3.4 150.0 4.1 0.9 0.0 0.3 0.1 -0.1 3.6 44.4 -103.6 -15.0 14.4

2006
77.3 10.5 87.8 0.0 0.0 85.6 85.6 173.4 0.3 0.3 0.0 36.8 74.2 111.3 411.9 497.5 -300.6 270.3 -411.6 743.8 473.9 19.8 585.2 310.6 257.9 52.7 290.4 20.2 306.9 5.5 26.5 -21.0 1.6 0.0 0.0 -31.9 -22.6 -9.3 -2.8 -12.1 49.4 27.0 9.0 566.6 -3.6 70.8 23.1 113.6 98.8 481.8 8.5 9.8 -7.6 2.2 -23.9 0.0 0.0 -6.8 -2.7 -2.9 4.3 53.1 -2800.0 -1.7 11.4

2007
77.3 -26.1 51.2 0.0 0.0 53.6 53.6 104.8 0.2 0.2 0.0 37.2 51.1 88.5 436.5 490.1 -348.0 130.7 -436.3 740.2 452.7 20.5 541.2 210.7 210.7 0.0 210.0 0.7 218.1 -6.5 29.0 -35.5 1.1 0.0 0.0 -68.6 -36.6 -32.0 -16.1 -48.1 51.1 20.3 8.6 957.2 -6.6 53.4 33.5 66.2 103.5 -446.2 13.8 22.2 -3.1 3.3 -69.3 0.0 0.0 -16.8 -4.6 -4.7 4.3 38.9 70.4 -32.2 6.6

2008
77.3 -52.0 25.3 0.0 0.0 23.6 23.6 48.9 0.0 0.0 0.0 47.2 17.6 64.8 449.4 473.0 -384.6 65.3 -449.4 740.2 433.3 20.5 498.1 44.1 44.1 0.0 62.5 -18.4 68.4 -24.1 1.5 -25.6 0.2 0.0 0.0 -55.9 -25.8 -30.1 -5.3 -35.4 48.3 14.4 10.5 1869.6 -5.1 46.2 15.0 32.7 155.1 -6.2 3.4 2.3 -0.8 37.4 -101.2 0.0 0.0 -58.0 -3.3 -3.3 4.5 8.9 -28.3 -79.1 3.3

2009
77.3 -90.4 -13.1 0.0 0.0 0.0 0.0 -13.1 0.0 0.0 0.0 43.9 3.9 47.8 476.0 476.0 -428.2 194.1 -476.0 740.2 414.9 18.4 462.7 0.0 0.0 0.0 34.6 -34.6 36.6 -36.6 1.8 -38.4 0.0 0.0 0.0 -62.0 -38.4 -23.6 -20.0 -43.6 0.0 10.0 9.2 0.0 -8.3 61.9 45.9 -16.9 0.0 -4.9 0.0 0.9 0.0 0.0 0.0 0.0 0.0 0.0 -5.0 -5.0 4.2 0.0 51.5 -100.0 -1.7

14

Ahmed Hassan Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

125.3 221.7 347.0 0.0 0.0 216.0 216.0 563.0 0.2 0.2 0.0 202.2 228.6 431.0 500.7 716.7 -69.7 555.7 -500.5 995.1 632.7 66.3 1063.7 1845.7 826.6 1019.1 1748.4 97.3 1795.2 51.6 36.0 15.6 5.7 0.0 0.0 -10.5 9.9 -20.4 76.2 55.8 38.4 86.1 40.4 206.5 1.5 136.6 276.9 97.3 69.8 2.0 6.5 36.5 5.3 4.5 0.0 0.8 1.2 0.8 10.4 173.5 -66.7 41.4 27.7

2005
125.3 275.4 400.7 0.0 0.0 464.9 464.9 865.6 0.6 0.6 0.0 214.8 414.9 630.3 726.8 1191.7 -96.5 1036.6 -726.2 1372.0 962.2 47.6 1592.5 1386.0 727.1 658.9 1247.0 139.0 1286.3 100.3 40.2 60.1 7.4 0.0 0.0 302.6 52.7 249.9 100.3 350.2 53.7 86.7 29.6 297.4 3.8 17.4 28.6 319.8 92.8 40.1 2.9 3.9 12.3 6.9 15.0 0.0 4.3 4.8 4.2 7.5 87.0 300.0 -24.9 32.0

2006
125.3 245.0 370.3 0.0 0.0 431.7 431.7 802.0 8.4 8.4 0.0 223.9 432.5 664.8 860.3 1292.0 -195.5 1099.1 -851.9 1505.6 997.6 99.6 1662.4 2054.6 1081.3 973.3 1855.9 198.7 1907.1 150.4 121.6 28.8 11.7 0.0 0.0 -63.6 17.1 -80.7 116.7 36.0 53.8 77.3 27.0 348.9 1.7 -26.9 324.2 295.5 92.8 80.9 5.9 11.1 40.6 5.4 7.8 0.0 0.0 1.4 2.3 1.4 10.4 123.6 -52.1 48.2 29.6

2007
144.1 225.7 369.8 0.0 0.0 453.2 453.2 823.0 5.3 5.0 0.3 236.9 426.1 668.3 1033.3 1486.5 -365.0 959.3 -1028.0 1726.2 1188.1 107.8 1856.4 2169.7 1101.8 1067.9 1988.7 181.0 2037.1 133.5 130.7 2.8 0.0 0.0 0.0 21.0 2.8 18.2 110.6 128.8 55.1 64.7 23.4 402.0 0.2 13.3 85.9 256.6 93.9 97.9 6.0 13.6 0.0 4.7 0.8 0.0 0.0 0.1 0.2 0.2 10.6 116.9 -91.3 5.6 25.7

2008
144.1 691.5 835.6 0.0 0.0 676.6 676.6 1512.2 1.3 1.0 0.3 268.9 582.8 853.0 1357.8 2034.4 -504.8 1573.6 -1356.5 2651.5 2017.0 121.3 2870.0 2556.3 1279.8 1276.5 2350.5 205.8 2473.6 84.6 188.3 -103.7 13.2 0.0 0.0 689.2 -116.9 806.1 4.4 810.5 44.7 62.8 19.9 243.5 -3.6 -17.0 0.5 579.9 96.8 222.6 7.4 12.0 -12.7 6.3 -12.4 0.0 0.0 -4.1 -7.2 -8.1 10.2 89.1 -3700.0 17.8 58.0

2009
144.1 627.7 771.8 0.0 0.0 636.4 636.4 1408.2 2.1 1.8 0.3 320.1 688.6 1010.8 1552.5 2188.9 -541.7 1739.5 -1550.4 2774.0 1950.0 103.5 2960.8 2736.4 1458.6 1277.8 2404.3 332.1 2498.4 243.9 296.8 -52.9 12.6 0.0 0.0 -104.0 -65.5 -38.5 38.0 -0.5 45.2 65.1 20.8 283.6 -1.8 63.0 -7600.0 535.6 91.3 121.7 10.8 17.1 -23.8 8.5 -6.9 0.0 0.0 -1.9 -3.7 -4.5 5.1 92.4 -48.6 7.0 53.6

15

Al-Azhar Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

85.5 -52.1 33.4 0.0 0.0 361.8 361.8 395.2 4.5 4.5 0.0 32.5 80.6 117.6 130.1 491.9 -12.5 390.8 -125.6 712.8 407.7 40.5 525.3 650.7 564.1 86.6 634.2 16.5 640.8 10.4 34.5 -24.1 2.9 0.0 0.0 -40.1 -27.0 -13.1 13.5 0.4 91.5 90.4 28.4 1472.8 -4.6 3375.0 39.1 98.5 331.7 5.3 8.8 1.6 -72.2 0.0 -3.7 -2.8 -3.2 9.0 123.9 -31.7 33.3 3.9

2005
85.5 -57.1 28.4 0.0 24.6 287.8 312.4 340.8 5.5 5.5 0.0 30.1 49.2 84.8 127.8 440.2 -43.0 421.1 -122.3 726.6 383.8 27.7 468.6 375.9 113.2 262.7 367.3 8.6 377.2 -0.1 25.0 -25.1 1.7 0.0 0.0 -54.4 -26.8 -27.6 0.9 -26.7

2006
85.5 -57.1 28.4 0.0 24.6 287.8 312.4 340.8 5.5 5.5 0.0 30.1 49.2 84.8 127.8 440.2 -43.0 421.1 -122.3 726.6 383.8 27.7 468.6 375.9 113.2 262.7 367.3 8.6 377.2 -0.1 25.0 -25.1 1.7 0.0 0.0 0.0 -26.8 26.8 0.9 27.7

2007
85.5 -99.9 -14.4 0.0 0.0 326.2 326.2 311.8 1.9 1.9 0.0 110.6 2.0 114.5 201.7 527.9 -87.2 326.2 -199.8 431.0 398.9 32.1 513.4 555.1 549.1 6.0 549.0 6.1 560.7 -5.6 23.9 -29.5 0.0 0.0 0.0 -29.0 -29.5 0.5 2.6 3.1 104.6 56.8 55.8 0.0 -5.7 101.7 83.9 -16.8 101.0 -426.8 4.3 7.3 0.0 11.6 0.0 0.0 0.0 -5.3 -3.5 -3.5 0.0 108.1 20.7 47.7 -1.7

2008
85.5 -99.9 -14.4 0.0 0.0 326.2 326.2 311.8 1.9 1.9 0.0 110.6 2.0 114.5 201.7 527.9 -87.2 326.2 -199.8 431.0 398.9 32.1 513.4 555.1 549.1 6.0 549.0 6.1 560.7 -5.6 23.9 -29.5 0.0 0.0 0.0 0.0 -29.5 29.5 2.6 32.1 104.6 56.8 55.8 0.0 -5.7 0.0 8.1 -16.8 101.0 -426.8 4.3 7.3 0.0 11.6 0.0 0.0 0.0 -5.3 -3.5 -3.5 0.0 108.1 0.0 0.0 -1.7

2009
85.5 -99.9 -14.4 0.0 0.0 326.2 326.2 311.8 1.9 1.9 0.0 110.6 2.0 114.5 201.7 527.9 -87.2 326.2 -199.8 431.0 398.9 32.1 513.4 555.1 549.1 6.0 549.0 6.1 560.7 -5.6 23.9 -29.5 0.0 0.0 0.0 0.0 -29.5 29.5 2.6 32.1 104.6 56.8 55.8 0.0 -5.7 0.0 8.1 -16.8 101.0 -426.8 4.3 7.3 0.0 11.6 0.0 0.0 0.0 -5.3 -3.5 -3.5 0.0 108.1 0.0 0.0 -1.7

91.7 91.7 66.4 66.4 27.9 27.9 1550.0 1550.0 -5.4 -5.4 0.0 3.2 33.2 33.2 100.3 100.3 - -25000.0 6.7 6.7 5.9 5.9 -6.8 3.0 3.0 -88.4 -88.4 0.0 -6.7 -2.9 -3.1 6.8 80.2 3.6 -42.2 3.3 0.0 0.0 -6.7 -2.9 -3.1 6.8 80.2 0.0 0.0 3.3

16

Al-Qadir Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

75.6 200.5 276.1 0.0 0.0 124.7 124.7 400.8 13.0 13.0 0.0 32.3 84.4 129.7 119.5 244.2 10.2 158.9 -106.5 792.8 390.6 23.3 520.3 946.4 592.0 354.4 901.0 45.4 917.7 29.0 24.6 4.4 4.3 0.0 0.0 -16.9 0.1 -17.0 23.4 6.4 31.1 108.5 37.9 88.4 0.8 365.6 365.2 97.0 84.8 2.6 15.5 97.7 2.5 1.6 0.0 0.5 0.6 0.0 5.7 181.9 500.0 20.1 36.5

2005
75.6 285.4 361.0 0.0 0.0 0.0 0.0 361.0 5.2 5.2 0.0 73.3 118.7 197.2 254.4 254.4 -57.2 180.8 -249.2 820.0 418.3 19.6 615.5 747.4 455.4 292.0 663.1 84.3 692.4 87.6 16.2 71.4 3.5 0.0 0.0 -39.8 67.9 -107.7 87.5 -20.2 0.0 77.5 30.9 70.5 11.6 477.5 92.6 18.5 2.2 9.0 4.9 9.0 19.8 0.0 9.6 9.4 9.0 5.0 121.4 1466.7 -21.0 47.8

2006
75.6 209.8 285.4 0.0 0.0 0.0 0.0 285.4 8.1 8.1 0.0 32.7 188.2 229.0 345.5 345.5 -116.5 175.9 -337.4 433.3 401.9 0.6 630.9 876.6 502.9 373.7 790.8 85.8 819.5 58.5 24.4 34.1 5.5 0.0 0.0 -75.6 28.6 -104.2 29.2 -75.0 0.0 66.3 11.8 121.1 5.4 -37.8 -38.9 377.5 93.5 41.7 2.8 13.9 16.1 2.4 11.9 0.0 0.0 3.9 4.5 3.8 0.1 138.9 -52.1 17.3 37.8

2007
75.6 249.4 325.0 0.0 0.0 0.0 0.0 325.0 7.6 7.6 0.0 70.1 103.4 181.1 259.5 259.5 -78.4 0.2 -251.9 460.3 403.4 27.8 584.5 861.1 405.1 456.0 783.5 77.6 824.6 39.3 23.9 15.4 6.8 0.0 0.0 39.6 8.6 31.0 36.4 67.4 0.0 69.8 29.9 79.8 2.6 21.7 54.0 429.9 95.8 60.8 2.8 11950.0 44.2 1.7 4.7 0.0 0.0 1.8 2.0 1.1 6.9 147.3 -55.6 -1.8 43.0

2008
75.6 13.7 89.3 0.0 0.0 67.5 67.5 156.8 6.0 6.0 0.0 24.3 182.5 212.8 454.9 522.4 -242.1 229.5 -448.9 482.2 399.0 27.6 611.8 828.5 603.4 225.1 788.9 39.6 806.7 17.2 28.4 -11.2 2.2 0.0 0.0 -168.2 -13.4 -154.8 14.2 -140.6 43.0 46.8 6.7 585.0 -1.8 8.0 -10.1 118.1 97.4 165.1 3.4 12.4 -19.6 0.0 -12.5 0.0 0.0 -1.4 -1.5 -1.8 6.8 135.4 -175.0 -3.8 11.8

2009
75.6 231.7 307.3 0.0 0.0 0.0 0.0 307.3 7.3 7.3 0.0 27.8 163.2 198.3 271.3 271.3 -73.0 151.0 -264.0 490.3 380.3 25.7 578.6 761.9 595.8 166.1 705.9 56.0 724.0 41.9 31.1 10.8 6.5 0.0 0.0 150.5 4.3 146.2 30.0 176.2 0.0 73.1 12.9 88.3 1.9 2.9 17.0 406.5 95.0 74.2 4.1 20.6 60.2 0.4 3.5 0.0 0.0 1.4 1.4 0.6 6.4 131.7 -193.3 -8.0 40.6

17

Ali Asghar Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

191.5 -212.4 -20.9 0.0 0.0 73.5 73.5 52.6 13.3 13.3 0.0 77.3 145.2 235.8 374.7 448.2 -138.9 272.1 -361.4 301.2 191.5 12.5 427.3 462.5 458.8 3.7 416.5 46.0 431.8 32.1 33.3 -1.2 2.3 0.0 0.0 101.1 -3.5 104.6 9.0 113.6 139.7 62.9 24.2 -0.3 -3.5 7.9 -10.9 93.4 103.7 7.2 12.2 6.5 -0.3 -0.1 -0.2 9.7 108.2 -92.3 26.2 -1.1

2005
191.5 215.1 406.6 0.0 0.0 92.8 92.8 499.4 1.5 1.5 0.0 179.6 155.4 336.5 476.1 568.9 -139.6 356.7 -474.6 756.7 639.0 10.7 975.5 442.6 440.1 2.5 387.8 54.8 405.5 37.2 31.4 5.8 2.1 0.0 0.0 446.8 3.7 443.1 14.4 457.5 18.6 70.7 38.0 139.9 0.6 0.8 3.1 212.3 91.6 84.4 7.1 8.8 36.2 25.1 1.4 0.0 1.3 0.3 0.2 5.6 45.4 -400.0 -4.3 21.2

2006
191.5 347.2 538.7 0.0 0.0 210.5 210.5 749.2 1.2 1.2 0.0 180.0 135.3 316.5 439.1 649.6 -122.6 452.4 -437.9 978.3 871.9 13.1 1188.4 589.4 571.1 18.3 510.0 79.4 530.1 64.8 52.7 12.1 2.9 0.0 0.0 249.8 9.2 240.6 22.3 262.9 28.1 72.1 41.3 120.6 1.0 3.7 8.5 281.3 89.9 81.3 8.9 11.6 24.0 21.7 2.2 0.0 0.0 2.1 0.6 0.5 2.1 49.6 100.0 33.2 28.1

2007
191.5 237.2 428.7 0.0 0.0 295.0 295.0 723.7 10.1 10.1 0.0 214.9 135.5 360.5 519.0 814.0 -158.5 476.8 -508.9 998.8 882.1 34.6 1242.6 550.8 538.0 12.8 489.5 61.3 513.7 48.5 75.2 -26.7 2.8 0.0 0.0 -25.5 -29.5 4.0 5.1 9.1 40.8 69.5 43.4 189.9 -2.1 115.7 56.0 223.9 93.3 155.1 13.7 15.8 -10.5 28.1 -6.2 0.0 0.0 -4.8 -1.4 -1.5 4.0 44.3 -333.3 -6.5 22.4

2008
222.1 197.0 419.1 0.0 0.0 326.8 326.8 745.9 1.5 1.5 0.0 183.8 185.0 370.3 488.7 815.5 -118.4 544.8 -487.2 1002.9 864.3 26.9 1234.6 485.8 481.0 4.8 433.7 52.1 462.7 31.4 69.2 -37.8 2.4 0.0 0.0 22.2 -40.2 62.4 -13.3 49.1 43.8 75.8 37.9 194.6 -3.1 -181.1 -27.1 188.7 95.2 220.4 14.2 12.7 -6.3 0.0 -9.0 0.0 0.0 -7.8 -1.7 -1.8 3.0 39.3 21.4 -11.8 18.9

2009
222.1 1.4 223.5 0.0 0.0 265.5 265.5 489.0 0.6 0.6 0.0 159.8 110.2 270.6 610.7 876.2 -340.1 620.4 -610.1 1018.3 829.2 25.7 1099.8 505.5 495.2 10.3 574.6 -69.1 600.1 -98.2 97.2 -195.4 0.1 0.0 0.0 -256.9 -195.5 -61.4 -169.8 -231.2 54.3 44.3 26.3 392.0 -17.8 76.1 73.4 100.6 118.7 -99.0 19.2 15.7 -0.1 20.4 -87.4 0.0 0.0 -38.7 -8.8 -8.8 3.0 46.0 417.6 4.1 10.1

18

Allawasaya Textile & Finishing Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

8.0 115.7 123.7 0.0 0.0 0.0 0.0 123.7 12.6 10.9 1.7 38.9 71.2 122.7 84.9 84.9 37.8 60.8 -72.3 255.9 85.8 9.9 208.5 864.0 864.0 0.0 822.9 41.1 835.3 30.3 3.5 26.8 0.0 1.0 0.0 14.1 25.8 -11.7 35.7 24.0 0.0 144.5 60.7 68.6 12.9 183.0 148.8 1546.3 96.7 11.6 0.4 5.8 0.0 3.4 21.7 2680.0 0.8 3.1 33.5 33.5 10.4 414.4 520.4 21.0 154.6

2005
8.0 129.3 137.3 0.0 0.0 0.0 0.0 137.3 4.6 2.9 1.7 77.2 41.6 123.4 85.5 85.5 37.9 45.0 -80.9 278.0 99.3 8.6 222.7 684.7 684.7 0.0 643.8 40.9 658.0 27.4 4.7 22.7 7.4 1.0 3.0 13.6 14.3 -0.7 22.9 22.2

2006
8.0 116.8 124.8 0.0 0.0 0.0 0.0 124.8 7.0 5.3 1.7 76.0 126.7 209.7 187.7 187.7 22.0 131.5 -180.7 292.3 102.8 12.4 312.5 790.8 790.8 0.0 751.1 39.7 772.2 19.5 11.9 7.6 4.0 3.0 0.0 -12.5 0.6 -13.1 13.0 -0.1

2007
8.0 115.9 123.9 0.0 0.0 0.0 0.0 123.9 9.5 7.2 2.3 72.1 95.8 177.4 152.2 152.2 25.2 86.6 -142.7 297.8 98.8 11.4 276.2 827.4 827.4 0.0 792.1 35.3 810.7 17.3 10.8 6.5 4.1 0.0 0.0 -0.9 2.4 -3.3 13.8 10.5 0.0 116.6 53.6 122.8 2.4 -266.7 131.4 1548.8 98.0 62.4 1.3 12.5 63.1 6.3 5.2 0.0 0.0 0.8 8.1 3.0 11.1 299.6 -14.7 4.6 154.9

2008
8.0 75.9 83.9 0.0 0.0 84.4 84.4 168.3 5.4 3.1 2.3 82.9 255.6 343.9 384.4 468.8 -40.5 413.8 -379.0 407.8 209.0 11.7 552.9 865.7 865.7 0.0 848.2 17.5 871.0 -4.8 26.2 -31.0 4.3 0.0 0.0 44.4 -35.3 79.7 -23.6 56.1 50.1 89.5 23.0 558.8 -5.6 -79.5 -42.1 1048.8 100.6 -545.8 3.0 6.3 -13.9 5.7 -36.9 0.0 0.0 -3.6 -38.8 -44.1 11.8 156.6 -579.0 4.6 104.9

2009
8.0 115.0 123.0 0.0 0.0 89.6 89.6 212.6 6.2 3.9 2.3 116.2 184.2 306.6 357.9 447.5 -51.3 378.6 -351.7 500.0 264.0 26.8 570.6 1067.0 1067.0 0.0 1013.5 53.5 1037.9 29.4 68.8 -39.4 0.0 0.0 0.0 44.3 -39.4 83.7 -12.6 71.1 42.1 85.7 34.2 363.8 -6.9 -88.9 -17.7 1537.5 97.3 234.0 6.4 18.2 0.0 8.8 -32.0 0.0 0.0 -3.7 -49.3 -49.3 12.8 187.0 27.1 23.3 153.8

0.0 0.0 144.3 111.7 95.7 44.2 62.3 150.4 10.2 2.4 105.1 -4.8 103.2 -13000.0 1716.3 1560.0 96.1 97.6 17.2 61.0 0.7 1.5 10.4 9.0 32.6 52.6 7.2 6.7 16.5 6.1 1530.0 0.7 3.3 28.4 19.1 10.0 307.5 -15.2 -20.8 171.6 120.0 2.4 1.0 9.5 4.5 12.5 253.1 -66.5 15.5 156.0

19

Amin Spinning Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

51.8 -359.6 -307.8 0.0 0.0 381.1 381.1 73.3 0.5 0.5 0.0 10.0 12.6 23.1 68.1 449.2 -45.0 389.5 -67.6 249.5 118.2 13.1 141.3 221.9 221.9 0.0 243.9 -22.0 252.3 201.9 2.8 199.1 1.1 0.0 0.0 457.0 198.0 259.0 211.1 470.1 519.9 33.9 15.4 140.9 43.3 44.9 -594.2 113.7 1.4 1.3 0.7 0.6 7.3 89.7 38.4 38.2 10.0 157.0 -425.4 12.5 -59.4

2005
51.8 -382.1 -330.3 0.0 0.0 75.4 75.4 -254.9 0.7 0.7 0.0 5.7 16.4 22.8 413.3 488.7 -390.5 100.5 -412.6 277.0 135.6 10.1 158.4 141.2 141.2 0.0 152.5 -11.3 160.4 -18.6 3.4 -22.0 0.6 0.0 0.0 -328.2 -22.6 -305.6 -12.5 -318.1 5.5 1.5 -13.9 -637.6 113.6 2.4 3.4 2.5 -15.6 -4.2 -4.4 8.5 89.1 -110.9 -36.4 -63.8

2006
51.8 -134.0 -82.2 0.0 0.0 100.5 100.5 18.3 0.1 0.1 0.0 8.8 16.8 25.7 129.2 229.7 -103.5 100.5 -129.1 271.6 121.6 13.7 147.3 278.2 278.2 0.0 275.9 2.3 293.8 249.5 0.1 249.4 1.4 0.0 0.0 273.2 248.0 25.2 261.7 286.9 549.2 19.9 6.9 0.0 169.3 90.8 91.2 -158.7 105.6 0.0 0.0 0.1 0.6 0.3 0.0 0.0 0.0 89.6 48.1 47.9 10.1 188.9 -1245.2 97.0 -15.9

2007
51.8 -156.5 -104.7 0.0 0.0 100.5 100.5 -4.2 0.3 0.3 0.0 12.2 18.5 31.0 149.4 249.9 -118.4 100.5 -149.1 276.2 114.1 12.2 145.1 306.0 306.0 0.0 294.0 12.0 313.1 -6.7 0.1 -6.8 1.5 0.0 0.0 -22.5 -8.3 -14.2 3.9 -10.3 0.0 20.7 8.4 0.0 -4.7 36.9 -37.9 -202.1 102.3 -1.5 0.0 0.1 -22.1 1.1 0.0 0.0 0.0 -2.2 -1.3 -1.6 10.0 210.9 -102.7 10.0 -20.2

2008
51.8 -167.9 -116.1 0.0 0.0 113.2 113.2 -2.9 0.4 0.4 0.0 11.7 14.4 26.5 133.5 246.7 -107.0 113.2 -133.1 277.5 103.9 11.5 130.4 330.8 330.8 0.0 325.1 5.7 342.6 -11.6 0.2 -11.8 1.7 0.0 0.0 1.3 -13.5 14.8 -2.0 12.8 0.0 19.9 9.1 0.0 -9.0 -1038.5 -15.6 -224.1 103.6 -1.7 0.1 0.2 -14.4 0.6 0.0 0.0 0.0 -3.6 -2.3 -2.6 10.1 253.7 76.9 8.1 -22.4

2009
51.8 -167.9 -116.1 0.0 0.0 113.2 113.2 -2.9 0.4 0.4 0.0 11.7 14.4 26.5 133.5 246.7 -107.0 113.2 -133.1 277.5 103.9 11.5 130.4 330.8 330.8 0.0 325.1 5.7 342.6 -11.6 0.2 -11.8 1.7 0.0 0.0 0.0 -13.5 13.5 -2.0 11.5 0.0 19.9 9.1 0.0 -9.0 0.0 -17.4 -224.1 103.6 -1.7 0.1 0.2 -14.4 0.6 0.0 0.0 0.0 -3.6 -2.3 -2.6 10.1 253.7 0.0 0.0 -22.4

20

Annoor Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

8.7 -11.0 -2.3 0.0 0.0 5.2 5.2 2.9 0.4 0.4 0.0 10.1 0.0 10.5 26.5 31.7 -16.0 8.2 -26.1 28.8 21.8 0.1 31.9 0.0 0.0 0.0 0.0 0.0 8.7 2.6 0.0 -8.7 0.0 0.0 0.0 0.0 11.3 -11.3 11.4 0.1 179.3 0.0 0.0 8.2 11400.0 -26.4 0.0 27.4 0.3 0.3 4.0 0.0 0.0 -2.6

2005
8.7 -12.1 -3.4 0.0 0.0 2.9 2.9 -0.5 0.2 0.2 0.0 17.7 12.3 30.2 58.5 61.4 -28.3 6.9 -58.3 36.9 27.7 2.2 57.9 27.6 27.6 0.0 28.0 -0.4 28.6 -1.0 0.0 -1.0 0.1 0.0 0.0 -3.4 -1.1 -2.3 1.1 -1.2 51.6 30.6 -1.7 -39.1 103.6 0.0 0.0 29.7 -3.6 -1.1 -1.3 10.1 47.7 -84.3 -3.9

2006
8.7 -12.1 -3.4 0.0 0.0 2.9 2.9 -0.5 0.2 0.2 0.0 17.7 12.3 30.2 58.5 61.4 -28.3 6.9 -58.3 36.9 27.7 2.2 57.9 27.6 27.6 0.0 28.0 -0.4 28.6 -1.0 0.0 -1.0 0.1 0.0 0.0 0.0 -1.1 1.1 1.1 2.2 0.0 51.6 30.6 0.0 -1.7 0.0 50.0 -39.1 103.6 0.0 0.0 0.0 -10.0 29.7 0.0 0.0 0.0 -3.6 -1.1 -1.3 10.1 47.7 0.0 0.0 -3.9

2007
8.7 -31.2 -22.5 0.0 0.0 5.5 5.5 -17.0 0.2 0.2 0.0 16.2 0.0 16.4 55.9 61.4 -39.5 5.5 -55.7 36.9 22.4 2.5 38.8 0.0 0.0 0.0 2.5 -2.5 2.8 -2.8 0.0 -2.8 0.0 0.0 0.0 -16.5 -2.8 -13.7 -0.3 -14.0 0.0 29.3 29.3 0.0 -7.2 17.0 2.1 -258.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -3.2 -3.2 10.0 0.0 190.9 -100.0 -25.9

2008
8.7 -33.6 -24.9 0.0 0.0 18.9 18.9 -6.0 0.2 0.2 0.0 16.2 0.0 16.4 42.6 61.5 -26.2 18.9 -42.4 36.9 20.2 2.2 36.6 0.0 0.0 0.0 0.0 0.0 0.1 -0.1 0.0 -0.1 0.0 0.0 0.0 11.0 -0.1 11.1 2.1 13.2 0.0 38.5 38.5 0.0 -0.3 -0.9 15.9 -286.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 -0.1 9.8 0.0 -96.9 -28.6

2009
8.7 -30.6 -21.9 0.0 0.0 0.0 0.0 -21.9 0.2 0.2 0.0 16.6 0.0 16.8 56.9 56.9 -40.1 0.0 -56.7 36.9 18.2 2.0 35.0 0.0 0.0 0.0 0.0 0.0 2.5 -2.5 0.0 -2.5 0.0 0.0 0.0 -15.9 -2.5 -13.4 -0.5 -13.9 0.0 29.5 29.5 0.0 -7.1 15.7 3.6 -251.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -2.9 -2.9 9.9 0.0 2800.0 -25.2

21

Apollo Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

82.8 173.8 256.6 0.0 0.0 457.1 457.1 713.7 73.7 68.9 4.8 459.7 228.2 761.6 755.5 1212.6 6.1 1039.8 -681.8 985.2 707.6 53.7 1469.2 1343.2 642.8 700.4 1244.1 99.1 1277.6 65.6 51.9 13.7 10.8 0.0 0.0 252.7 2.9 249.8 56.6 306.4 64.0 100.8 70.6 472.6 0.9 1.1 18.5 309.9 95.1 79.1 3.9 5.0 78.8 17.1 5.3 0.0 1.0 1.7 0.4 10.3 91.4 -5.6 29.0 31.0

2005
82.8 792.7 875.5 0.0 0.0 934.4 934.4 1809.9 23.2 22.3 0.9 347.6 502.6 873.4 867.3 1801.7 6.1 1682.3 -844.1 1833.7 1803.8 43.0 2677.2 1089.0 312.7 776.3 935.5 153.5 1002.8 86.8 58.7 28.1 11.1 0.0 0.0 1096.2 17.0 1079.2 60.0 1139.2 51.6 100.7 42.8 205.8 1.0 1.6 5.3 1057.4 92.1 67.6 5.4 3.5 39.5 15.4 3.2 0.0 2.6 3.4 2.1 6.1 40.7 100.0 -18.9 105.7

2006
82.8 581.7 664.5 0.0 0.0 786.5 786.5 1451.0 90.4 90.4 0.0 414.7 532.8 1037.9 1339.8 2126.3 -301.9 1646.5 -1249.4 1886.9 1752.9 128.8 2790.8 1783.7 504.3 1279.4 1527.3 256.4 1615.8 173.3 144.4 28.9 18.3 0.0 0.0 -358.9 10.6 -369.5 139.4 -230.1 54.2 77.5 37.7 320.0 1.0 -3.0 -60.6 802.5 90.6 83.3 8.1 8.8 63.3 11.4 4.3 0.0 0.0 1.6 3.5 1.3 7.1 63.9 2.9 63.8 80.3

2007
82.8 576.0 658.8 0.0 0.0 680.0 680.0 1338.8 8.2 8.2 0.0 523.0 676.5 1207.7 1512.0 2192.0 -304.3 1715.3 -1503.8 1765.0 1643.1 134.4 2850.8 1864.6 413.0 1451.6 1521.3 343.3 1612.5 253.2 251.5 1.7 23.8 0.0 0.0 -112.2 -22.1 -90.1 112.3 22.2 50.8 79.9 35.1 332.7 0.1 19.7 505.9 795.7 86.5 99.3 13.5 14.7 1400.0 13.4 0.3 0.0 0.0 0.1 0.2 -2.7 7.7 65.4 -94.3 4.5 79.6

2008
82.8 628.9 711.7 0.0 0.0 363.3 363.3 1075.0 15.6 9.9 5.7 286.9 1201.7 1504.2 1990.4 2353.7 -486.2 1754.6 -1974.8 1918.3 1561.3 126.4 3065.5 1137.6 524.6 613.0 899.3 238.3 957.4 184.9 228.2 -43.3 8.7 0.0 0.0 -263.8 -52.0 -211.8 74.4 -137.4 33.8 75.6 15.2 330.7 -1.4 19.7 -54.1 859.5 84.2 123.4 20.1 13.0 -20.1 10.6 -6.1 0.0 0.0 -3.8 -5.2 -6.3 7.7 37.1 -2700.0 -39.0 86.0

2009
82.8 570.3 653.1 0.0 0.0 465.8 465.8 1118.9 12.1 12.1 0.0 222.6 1430.6 1665.3 1984.2 2450.0 -318.9 1904.0 -1972.1 1922.9 1437.8 129.2 3103.1 821.1 735.1 86.0 758.7 62.4 818.8 9.3 57.8 -48.5 1.5 0.0 0.0 43.9 -50.0 93.9 79.2 173.1 41.6 83.9 11.8 375.1 -1.6 -113.9 45.8 788.8 99.7 621.5 7.0 3.0 -3.1 6.4 -7.4 0.0 0.0 -5.9 -5.9 -6.0 8.3 26.5 13.5 -27.8 78.9

22

Artistic Denim Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

140.0 606.4 746.4 0.0 0.0 75.0 75.0 821.4 42.1 42.1 0.0 320.3 296.1 658.5 601.0 676.0 57.5 355.0 -558.9 1254.2 763.9 82.0 1422.4 1843.7 63.6 1780.1 1516.5 327.2 1614.5 237.3 19.8 217.5 18.5 56.0 0.0 178.7 143.0 35.7 225.0 260.7 9.1 109.6 60.3 90.6 15.3 80.0 86.3 533.1 87.6 8.3 1.1 5.6 8.5 11.4 29.1 355.4 7.5 11.8 15.5 14.2 10.2 129.6 20.2 36.5 53.3

2005
140.0 1229.1 1369.1 0.0 0.0 625.0 625.0 1994.1 22.9 22.9 0.0 309.2 295.5 627.6 704.9 1329.9 -77.3 1116.9 -682.0 2643.6 2071.3 82.1 2698.9 3202.7 22.2 3180.5 2346.2 856.5 2515.4 707.0 55.2 651.8 32.1 56.0 0.0 1172.7 563.7 609.0 645.8 1254.8 31.3 89.0 47.1 97.1 24.2 48.1 51.5 977.9 78.5 7.8 1.7 4.9 4.9 6.4 47.6 1106.6 4.1 20.4 46.6 44.3 10.7 118.7 200.6 73.7 97.8

2006
140.0 1589.5 1729.5 0.0 0.0 1044.4 1044.4 2773.9 275.9 275.9 0.0 248.2 355.1 879.2 813.9 1858.3 65.3 1731.1 -538.0 3477.0 2708.6 200.0 3587.8 2491.5 28.5 2463.0 1746.5 745.0 1882.6 617.1 116.5 500.6 29.5 112.0 0.0 779.8 359.1 420.7 559.1 979.8 37.7 108.0 64.4 107.4 14.0 46.1 57.1 1235.4 75.6 18.9 4.7 6.7 5.9 8.0 28.9 420.6 6.5 20.1 35.8 33.7 9.7 69.4 -23.2 -22.2 123.5

2007
700.0 1423.3 2123.3 0.0 0.0 881.0 881.0 3004.3 9.9 9.9 0.0 514.0 567.7 1091.6 1202.4 2083.4 -110.8 1816.1 -1192.5 3582.6 3115.0 185.4 4206.6 2499.5 56.8 2442.7 1758.0 741.5 1903.1 610.5 172.1 438.4 30.0 0.0 0.0 230.4 408.4 -178.0 593.8 415.8 29.3 90.8 43.6 98.1 10.4 177.3 142.8 303.3 76.1 28.2 6.9 9.5 6.8 17.0 20.6 0.0 0.0 17.5 6.3 5.8 6.8 59.4 -82.4 0.3 30.3

2008
840.0 1632.8 2472.8 0.0 0.0 842.4 842.4 3315.2 67.3 67.3 0.0 458.2 796.6 1322.1 1267.6 2110.0 54.5 1888.9 -1200.3 4328.4 3260.8 172.0 4582.9 2461.8 102.0 2359.8 1823.9 637.9 1969.5 538.8 165.2 373.6 24.7 0.0 140.0 310.9 348.9 -38.0 520.9 482.9 25.4 104.3 41.5 85.3 8.2 112.2 107.9 294.4 80.0 30.7 6.7 8.7 6.6 15.0 15.1 0.0 0.0 15.2 4.4 4.2 5.5 53.7 -30.2 -1.5 29.4

2009
840.0 1841.3 2681.3 0.0 0.0 471.4 471.4 3152.7 19.7 7.5 12.2 551.9 654.6 1226.2 1499.1 1970.5 -272.9 491.1 -1479.4 4692.8 3425.6 199.9 4651.8 3125.4 123.8 3001.6 2427.4 698.0 2604.0 596.6 186.3 410.3 32.5 168.0 0.0 -162.5 209.8 -372.3 409.7 37.4 15.0 81.8 38.1 73.5 8.8 -129.1 1095.5 319.2 83.3 31.2 6.0 37.9 7.9 13.3 15.3 224.9 6.3 13.1 4.9 4.5 6.1 67.2 11.4 27.0 31.9

23

Aruj Garment Accessories Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

27.5 11.2 38.7 0.0 0.0 4.8 4.8 43.5 1.7 1.7 0.0 12.3 15.8 29.8 47.6 52.4 -17.8 12.3 -45.9 115.4 61.3 5.9 91.1 80.5 62.5 18.0 71.9 8.6 76.4 4.2 2.2 2.0 0.9 0.0 0.0 -4.1 1.1 -5.2 7.0 1.8 11.0 62.6 29.4 135.4 2.2 388.9 140.7 94.9 52.4 2.7 17.9 45.0 4.8 5.2 0.0 2.5 0.7 0.4 8.8 88.4 -153.8 72.0 14.1

2005
61.5 13.7 75.2 0.0 0.0 2.0 2.0 77.2 5.6 5.6 0.0 16.6 28.8 51.0 55.5 57.5 -4.5 14.6 -49.9 141.0 81.8 5.4 132.8 84.8 71.1 13.7 75.7 9.1 80.5 4.5 1.4 3.1 0.4 0.0 0.0 33.7 2.7 31.0 8.1 39.1 2.6 91.9 40.0 76.5 2.3 8.0 20.7 122.3 94.9 31.1 1.7 9.6 12.9 5.1 4.1 0.0 3.7 0.5 0.4 8.8 63.9 -28.6 5.3 12.2

2006
61.5 20.3 81.8 0.0 0.0 4.4 4.4 86.2 3.3 3.3 0.0 27.1 44.8 75.2 73.6 78.0 1.6 20.9 -70.3 151.1 84.7 7.3 159.9 193.6 171.6 22.0 166.8 26.8 174.3 19.3 1.9 17.4 3.4 0.0 0.0 9.0 14.0 -5.0 21.3 16.3 5.1 102.2 41.3 95.4 10.9 155.6 130.7 133.0 90.0 9.8 1.0 9.1 19.5 1.6 21.3 0.0 0.0 9.0 2.8 2.3 8.9 121.1 460.0 128.3 13.3

2007
61.5 29.7 91.2 0.0 0.0 5.9 5.9 97.1 6.7 6.7 0.0 28.8 65.6 101.1 92.8 98.7 8.3 37.0 -86.1 161.9 88.7 8.2 189.8 231.2 205.9 25.3 202.3 28.9 210.9 21.0 4.7 16.3 4.1 0.0 0.0 10.9 12.2 -1.3 20.4 19.1 6.1 108.9 38.3 108.2 8.6 111.9 106.8 148.3 91.2 22.4 2.0 12.7 25.2 2.0 17.9 0.0 0.0 7.1 2.7 2.0 9.7 121.8 -3.6 19.4 14.8

2008
61.5 30.3 91.8 0.0 0.0 31.1 31.1 122.9 6.3 6.3 0.0 25.2 61.7 93.2 90.1 121.2 3.1 66.9 -83.8 201.8 119.9 8.7 213.1 263.4 56.3 207.1 236.0 27.4 244.4 19.0 6.9 12.1 1.3 0.0 0.0 25.8 10.8 15.0 19.5 34.5 25.3 103.4 35.0 132.0 5.7 41.9 56.5 149.3 92.8 36.3 2.6 10.3 10.7 0.5 13.2 0.0 0.0 4.6 2.0 1.8 9.8 123.6 -25.9 13.9 14.9

2009
61.5 24.1 85.6 0.0 0.0 14.5 14.5 100.1 14.3 14.3 0.0 38.7 66.8 119.8 132.6 147.1 -12.8 54.0 -118.3 200.3 112.9 11.2 232.7 298.9 220.1 78.8 268.0 30.9 280.0 21.0 12.4 8.6 0.8 9.2 0.0 -22.8 -1.4 -21.4 9.8 -11.6 14.5 90.3 40.0 171.8 3.7 6.1 -84.5 139.2 93.7 59.0 4.1 23.0 9.3 1.4 10.0 84.8 10.7 2.9 1.4 1.3 9.3 128.4 -30.0 13.5 13.9

24

Ashfaq Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

70.0 11.0 81.0 0.0 0.0 33.6 33.6 114.6 6.6 6.6 0.0 76.9 94.8 178.3 228.7 262.3 -50.4 145.1 -222.1 225.2 165.1 6.1 343.4 449.2 33.7 415.5 388.7 60.5 425.7 23.3 10.9 12.4 4.4 0.0 0.0 16.9 8.0 8.9 14.1 23.0 29.3 78.0 36.5 323.8 3.6 47.3 61.3 115.7 94.8 46.8 2.4 7.5 35.5 5.4 15.3 0.0 2.8 1.8 1.1 4.5 130.8 38.5 44.6 11.6

2005
70.0 26.4 96.4 0.0 0.0 79.3 79.3 175.7 4.0 4.0 0.0 107.1 127.2 238.3 341.3 420.6 -103.0 248.2 -337.3 347.3 278.6 9.7 516.9 757.8 18.6 739.2 663.2 94.6 720.4 37.4 15.4 22.0 7.2 0.0 0.0 61.1 14.8 46.3 24.5 70.8 45.1 69.8 32.6 436.3 4.3 24.2 34.6 137.7 95.1 41.2 2.0 6.2 32.7 6.5 22.8 0.0 2.9 3.1 2.1 5.9 146.6 72.2 68.7 13.8

2006
70.0 34.3 104.3 0.0 0.0 56.6 56.6 160.9 29.4 29.4 0.0 96.4 138.5 264.3 411.0 467.6 -146.7 288.3 -381.6 388.8 307.6 12.6 571.9 876.7 13.7 863.0 761.5 115.2 827.5 49.2 27.4 21.8 10.3 0.0 0.0 -14.8 11.5 -26.3 24.1 -2.2 35.2 64.3 30.6 448.3 3.8 -77.7 -1095.5 149.0 94.4 55.7 3.1 9.5 47.2 6.4 20.9 0.0 0.0 2.5 3.1 1.6 4.5 153.3 0.0 15.7 14.9

2007
70.0 30.9 100.9 0.0 0.0 22.1 22.1 123.0 21.4 21.4 0.0 92.6 138.6 252.6 476.7 498.8 -224.1 235.7 -455.3 353.6 347.1 14.5 599.7 595.7 18.4 577.3 510.2 85.5 554.8 40.9 26.6 14.3 7.4 0.0 0.0 -37.9 6.9 -44.8 21.4 -23.4 18.0 53.0 23.9 494.4 2.4 -18.2 -91.5 144.1 93.1 65.0 4.5 11.3 51.7 9.6 14.2 0.0 0.0 2.4 2.0 1.0 4.7 99.3 -35.5 -32.1 14.4

2008
70.0 85.0 155.0 0.0 0.0 5.6 5.6 160.6 2.7 2.7 0.0 95.7 156.6 255.0 436.4 442.0 -181.4 215.8 -433.7 362.7 342.1 15.0 597.1 485.7 19.2 466.5 410.9 74.8 448.9 37.3 27.8 9.5 4.6 0.0 0.0 37.6 4.9 32.7 19.9 52.6 3.5 58.4 22.5 285.2 1.6 13.0 37.8 221.4 92.4 74.5 5.7 12.9 48.4 14.9 6.1 0.0 0.0 2.0 1.4 0.7 4.3 81.3 -30.0 -18.5 22.1

2009
70.0 95.3 165.3 0.0 0.0 0.0 0.0 165.3 3.5 3.5 0.0 70.6 141.0 215.1 381.0 381.0 -165.9 207.3 -377.5 366.6 331.2 14.7 546.3 680.4 33.4 647.0 585.0 95.4 635.0 45.4 27.6 17.8 7.1 0.0 0.0 4.7 10.7 -6.0 25.4 19.4 0.0 56.5 19.4 230.5 3.3 227.7 130.9 236.1 93.3 60.8 4.1 13.3 39.9 6.2 10.8 0.0 0.0 2.6 2.5 1.5 4.3 124.5 78.6 40.1 23.6

25

Asim Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

151.8 -216.5 -64.7 0.0 0.0 415.0 415.0 350.3 3.7 3.7 0.0 19.5 31.8 55.0 168.7 583.7 -113.7 417.5 -165.0 574.2 464.1 24.6 519.1 497.3 493.2 4.1 491.8 5.5 500.5 -3.1 32.5 -35.6 2.0 0.0 0.0 -38.7 -37.6 -1.1 -13.0 -14.1 118.5 32.6 13.8 -6.9 -42.6 100.6 6.5 7.8 0.5 -7.2 -2.3 -2.5 5.1 95.8 -32.4 23.0 -4.3

2005
151.8 -256.5 -104.7 0.0 0.0 415.0 415.0 310.3 16.4 16.4 0.0 22.3 33.6 72.3 213.0 628.0 -140.7 415.0 -196.6 576.8 450.9 17.5 523.2 285.5 275.1 10.4 298.5 -13.0 304.3 -18.7 20.8 -39.5 1.4 0.0 0.0 -40.0 -40.9 0.9 -23.4 -22.5 133.7 33.9 18.2 -7.5 -69.0 106.6 7.3 5.0 0.2 -13.8 -2.6 -2.7 3.8 54.6 13.0 -42.6 -6.9

2006
151.8 -370.4 -218.6 0.0 0.0 415.0 415.0 196.4 2.6 2.6 0.0 26.1 60.9 89.6 330.0 745.0 -240.4 417.5 -327.4 585.4 436.8 22.6 526.4 515.3 502.5 12.8 500.1 15.2 510.1 5.2 23.1 -17.9 2.6 0.0 0.0 -113.9 -20.5 -93.4 2.1 -91.3 211.3 27.2 8.7 0.0 -3.4 18.0 -2.3 -144.0 99.0 444.2 4.5 5.5 -14.5 0.0 0.0 0.0 0.0 -3.5 -1.2 -1.4 5.0 97.9 -53.8 80.5 -14.4

2007
151.8 -371.3 -219.5 0.0 0.0 504.7 504.7 285.2 9.8 9.8 0.0 28.0 46.5 84.3 222.1 726.8 -137.8 504.7 -212.3 593.6 423.0 22.0 507.3 536.3 513.2 23.1 529.1 7.2 538.9 -2.6 0.1 -2.7 2.7 0.0 0.0 88.8 -5.4 94.2 16.6 110.8 177.0 38.0 17.0 0.0 -0.5 -6.1 15.0 -144.6 100.5 -3.8 0.0 0.0 -100.0 0.0 0.0 0.0 0.0 -0.5 -0.2 -0.4 5.0 105.7 -83.3 4.1 -14.5

2008
151.8 -367.4 -215.6 0.0 0.0 415.0 415.0 199.4 141.8 141.8 0.0 3.0 90.8 235.6 333.6 748.6 -98.0 417.5 -191.8 594.7 297.5 21.3 533.1 630.0 630.0 0.0 620.1 9.9 627.6 2.4 0.0 2.4 3.2 0.0 0.0 -85.8 -0.8 -85.0 20.5 -64.5 208.1 70.6 43.4 0.0 0.5 0.9 -31.8 -142.0 99.6 0.0 0.0 0.0 133.3 0.0 0.0 0.0 0.0 0.4 0.2 -0.1 5.0 118.2 -200.0 17.5 -14.2

2009
151.8 -397.3 -245.5 0.0 0.0 415.0 415.0 169.5 46.7 46.7 0.0 23.3 19.6 89.6 310.2 725.2 -220.6 415.0 -263.5 602.2 390.1 20.2 479.7 650.4 650.4 0.0 677.7 -27.3 685.6 -33.7 0.0 -33.7 0.0 0.0 0.0 -29.9 -33.7 3.8 -13.5 -9.7 244.8 28.9 22.6 0.0 -7.0 112.7 139.2 -161.7 105.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -5.2 -2.2 -2.2 5.0 135.6 -1200.0 3.2 -16.2

26

Ayesha Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

14.0 318.3 332.3 0.0 18.1 190.2 208.3 540.6 31.7 28.2 3.5 195.7 303.9 531.3 530.6 738.9 0.7 509.4 -498.9 1024.5 539.8 54.9 1071.1 2360.5 1981.4 379.1 2241.9 118.6 2268.4 92.2 43.5 48.7 13.7 0.0 0.0 94.8 35.0 59.8 89.9 149.7 38.5 100.1 42.9 222.4 4.5 36.9 60.1 2373.6 96.1 47.2 1.8 8.5 28.1 6.2 14.7 0.0 2.1 34.8 25.0 10.5 220.4 84.1 42.7 237.4

2005
14.0 348.0 362.0 0.0 0.0 142.9 142.9 504.9 30.0 26.5 3.5 167.8 271.3 469.1 531.7 674.6 -62.6 516.9 -501.7 1094.1 567.6 42.3 1036.7 1298.3 1156.4 141.9 1200.7 97.6 1223.0 75.5 36.8 38.7 7.5 0.0 0.0 -35.7 31.2 -66.9 73.5 6.6 28.3 88.2 37.2 186.4 3.7 1113.6 2585.7 94.2 48.7 2.8 7.1 19.4 7.4 10.7 0.0 3.0 27.6 22.3 7.8 125.2 -20.7 -45.0 258.6

2006
14.0 1386.5 1400.5 0.0 0.0 199.4 199.4 1599.9 55.8 52.3 3.5 299.8 218.7 574.3 679.7 879.1 -105.4 523.4 -623.9 1724.7 1705.4 66.8 2279.7 1920.8 1508.0 412.8 1804.3 116.5 1842.8 78.1 64.4 13.7 9.4 0.0 0.0 1095.0 4.3 1090.7 71.1 1161.8 12.5 84.5 52.3 62.8 0.6 0.4 6.1 10003.6 95.9 82.5 3.4 12.3 68.6 4.8 1.0 0.0 0.0 0.7 9.8 3.1 11.8 84.3 -64.5 47.9 1000.4

2007
14.0 1158.4 1172.4 0.0 0.0 492.2 492.2 1664.6 28.2 6.8 21.4 275.7 262.9 566.8 685.3 1177.5 -118.5 811.8 -657.1 1925.2 1783.2 133.4 2350.0 2117.1 1725.4 391.7 2076.9 40.2 2111.4 17.8 78.1 -60.3 10.4 0.0 0.0 64.7 -70.7 135.4 62.7 198.1 29.6 82.7 44.3 100.4 -2.6 -109.3 31.7 8374.3 99.7 438.8 3.7 9.6 -17.2 4.4 -5.1 0.0 0.0 -2.8 -43.1 -50.5 7.8 90.1 -539.8 10.2 837.4

2008
14.0 1088.6 1102.6 0.0 0.0 452.2 452.2 1554.8 37.8 21.5 16.3 334.3 355.6 727.7 946.1 1398.3 -218.4 895.4 -908.3 1967.8 1773.4 69.6 2501.1 2119.1 1870.0 249.1 2066.3 52.8 2106.6 7.8 73.6 -65.8 10.5 0.0 0.0 -109.8 -76.3 -33.5 -6.7 -40.2 29.1 76.9 39.3 126.8 -2.6 69.5 16.7 7875.7 99.4 943.6 3.5 8.2 -16.0 7.7 -6.0 0.0 0.0 -3.1 -47.0 -54.5 3.9 84.7 9.0 0.1 787.6

2009
14.0 1378.2 1392.2 0.0 0.0 425.7 425.7 1817.9 40.2 7.4 32.8 268.7 284.9 593.8 1137.7 1563.4 -543.9 978.1 -1097.5 2388.5 2361.7 68.1 2955.5 1865.4 1649.2 216.2 1864.6 0.8 1945.4 -92.9 118.9 -211.8 2.2 0.0 0.0 263.1 -214.0 477.1 -145.9 331.2 23.4 52.2 27.2 112.3 -7.2 -81.3 -44.1 9944.3 104.3 -128.0 6.4 12.2 -1.0 4.5 -15.2 0.0 0.0 -11.4 -151.3 -152.9 3.8 63.1 221.9 -12.0 994.4

27

Azam Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

132.8 117.7 250.5 0.0 0.0 202.8 202.8 453.3 0.6 0.6 0.0 38.3 122.5 161.4 168.2 371.0 -6.8 321.0 -167.6 546.1 460.1 24.3 621.5 326.2 326.2 0.0 308.8 17.4 325.8 1.0 17.5 -16.5 1.7 0.0 0.0 187.3 -18.2 205.5 6.1 211.6 44.7 96.0 23.1 148.1 -2.7 -9.7 2.9 188.6 99.9 1750.0 5.4 5.5 0.1 -6.6 0.0 -5.1 -1.2 -1.4 5.7 52.5 -69.2 -60.3 18.9

2005
132.8 99.4 232.2 0.0 0.0 116.0 116.0 348.2 2.8 2.8 0.0 122.7 108.0 233.5 365.7 481.7 -132.2 294.4 -362.9 580.2 480.3 17.3 713.8 260.8 260.8 0.0 236.8 24.0 247.0 14.0 13.6 0.4 1.5 0.0 0.0 -105.1 -1.1 -104.0 16.2 -87.8 33.3 63.9 34.3 207.5 0.1 174.8 94.7 97.1 5.2 4.6 375.0 4.4 0.2 0.0 0.2 0.0 -0.1 3.8 36.5 -100.0 -20.0 17.5

2006
132.8 54.4 187.2 0.0 0.0 84.7 84.7 271.9 1.8 1.8 0.0 90.0 126.5 218.3 416.7 501.4 -198.4 236.7 -414.9 593.5 470.2 24.4 688.5 428.6 428.6 0.0 373.2 55.4 392.7 36.1 30.2 5.9 2.5 0.0 0.0 -76.3 3.4 -79.7 27.8 -51.9 31.2 52.4 22.0 267.8 0.9 -4.5 -53.6 141.0 91.6 83.7 7.0 12.8 42.4 4.2 3.2 0.0 0.0 1.4 0.4 0.3 5.1 62.3 0.0 64.3 14.1

2007
132.8 57.8 190.6 0.0 0.0 59.7 59.7 250.3 4.7 4.7 0.0 98.1 136.0 238.8 446.7 506.4 -207.9 202.6 -442.0 605.1 458.1 24.4 696.9 476.3 476.3 0.0 423.5 52.8 442.1 34.4 28.2 6.2 2.7 0.0 0.0 -21.6 3.5 -25.1 27.9 2.8 23.9 53.5 23.0 265.7 0.9 -16.2 996.4 143.5 92.8 82.0 5.9 13.9 43.5 3.8 3.3 0.0 0.0 1.3 0.5 0.3 5.2 68.3 25.0 11.1 14.4

2008
132.8 -45.9 86.9 0.0 0.0 57.9 57.9 144.8 4.5 4.5 0.0 65.8 139.8 210.1 505.8 563.7 -295.7 153.5 -501.3 610.3 440.5 23.8 650.6 456.4 456.4 0.0 400.6 55.8 421.3 35.6 25.1 10.5 2.6 0.0 0.0 -105.5 7.9 -113.4 31.7 -81.7 40.0 41.5 13.9 648.7 1.6 -7.5 -38.8 65.4 92.3 70.5 5.5 16.4 24.8 1.4 12.1 0.0 0.0 2.3 0.8 0.6 5.2 70.2 60.0 -4.2 6.5

2009
132.8 1.4 134.2 0.0 0.0 43.5 43.5 177.7 2.0 2.0 0.0 36.6 136.7 175.3 517.5 561.0 -342.2 148.3 -515.5 713.4 519.9 23.8 695.2 465.2 465.2 0.0 443.1 22.1 463.7 1.5 30.8 -29.3 0.0 0.0 0.0 32.9 -29.3 62.2 -5.5 56.7 24.5 33.9 7.5 418.0 -4.2 -89.1 -9.7 101.1 99.7 2053.3 6.6 20.8 0.0 0.0 -21.8 0.0 0.0 -6.3 -2.2 -2.2 5.2 66.9 -375.0 1.9 10.1

28

Azgard Nine Ltd.(Legler-Nafees Denim Mills Ltd.)

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

1737.3 991.0 2728.3 0.0 0.0 866.5 866.5 3594.8 132.7 20.9 111.8 1749.2 1394.7 3276.6 2614.0 3480.5 662.6 2649.1 -2481.3 3693.2 2932.2 177.9 6208.8 3304.0 1613.2 1690.8 2584.0 720.0 2791.5 522.4 123.7 398.7 20.0 86.9 0.0 1168.2 291.8 876.4 469.7 1346.1 24.1 125.3 72.0 127.6 6.4 25.0 34.9 157.0 84.5 23.7 3.7 4.7 5.0 28.6 14.6 435.8 3.2 12.1 2.3 2.2 7.6 53.2 -20.7 22.9 15.7

2005
868.7 1563.3 2432.0 868.7 2393.7 324.7 3587.1 6019.1 807.1 46.3 760.8 1984.8 2123.7 4915.6 4491.0 8078.1 424.6 6250.7 -3683.9 6913.3 5594.5 264.3 10510.1 4662.2 791.6 3870.6 3523.7 1138.5 3887.5 1080.6 290.5 790.1 47.9 164.6 0.0 2424.3 577.6 1846.7 841.9 2688.6 59.6 109.5 62.2 332.2 7.5 23.8 31.3 280.0 83.4 26.9 6.2 4.6 6.1 22.2 32.5 450.9 6.8 16.9 9.1 8.5 9.0 44.4 295.7 41.1 28.0

2006
3127.1 2102.5 5229.6 661.7 7713.0 3536.3 11911.0 17140.6 1133.0 1133.0 0.0 3025.6 2904.0 7062.6 9935.8 21846.8 -2873.2 19127.0 -8802.8 26418.5 20013.9 535.2 27076.5 6624.7 2492.8 4131.9 4732.0 1892.7 5295.2 1401.1 1187.2 213.9 123.6 210.5 0.0 11121.5 -120.2 11241.7 415.0 11656.7 69.5 71.1 41.9 417.8 0.8 -1.1 3.6 167.2 79.9 84.7 17.9 6.2 57.8 23.0 4.1 42.9 4.0 3.2 0.7 0.3 9.6 24.5 -92.3 42.1 16.7

2007
3127.1 2017.4 5144.5 661.7 10404.3 3037.2 14103.2 19247.7 1513.1 630.1 883.0 5406.0 2532.1 9451.2 10686.3 24789.5 -1235.1 18870.7 -9173.2 27786.2 20482.7 729.6 29933.9 12937.0 7504.5 5432.5 8362.6 4574.4 9204.4 4068.8 2152.4 1916.4 100.4 344.0 0.0

2008
3827.1 6482.8 10309.9 0.0 3962.5 2712.1 6674.6 16984.5 11622.6 82.1 11540.5 3027.8 4034.1 18684.5 10353.8 17028.4 8330.7 13976.9 1268.8 11275.7 8653.6 538.5 27338.1 11827.0 11724.8 102.2 8238.4 3588.6 9327.4 3159.6 4617.3 -1457.7 13287.6 0.0 0.0

2009
4548.7 13575.0 18123.7 330.6 3972.2 1948.0 6250.8 24374.5 15199.1 204.3 14994.8 4841.3 4414.9 24455.3 14135.3 20386.1 10320.0 7056.3 1063.8 18233.6 14054.5 569.8 38509.8 11737.8 1683.7 10054.1 8546.4 3191.4 9332.3 2603.0 2424.4 178.6 118.2 407.1 0.0 7390.0 -346.7 7736.7 223.1 7959.8 25.6 173.0 141.8 112.5 0.5 -4.7 2.8 398.4 79.5 93.1 20.7 34.4 66.2 26.6 1.0 14.8 2.2 1.5 0.4 0.1 6.6 30.5 -110.5 -0.8 39.8

2107.1 -2263.2 1472.0 -14745.3 635.1 12482.1 2201.6 -14206.8 2836.7 -1724.7 73.3 88.4 64.7 481.9 6.4 69.9 77.6 164.5 71.1 52.9 16.6 11.4 5.2 18.3 37.3 527.9 6.7 14.8 6.1 5.8 3.7 43.2 771.4 95.3 16.5 39.3 180.5 141.5 165.2 -5.3 651.5 823.7 269.4 78.9 146.1 39.0 33.0 -911.5 0.0 -14.1 0.0 0.0 -12.3 -3.8 -38.5 6.9 43.3 -162.3 -8.6 26.9

29

Babri Cotton Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

20.0 230.0 250.0 0.0 0.0 59.7 59.7 309.7 5.5 1.5 4.0 72.5 108.5 186.5 251.1 310.8 -64.6 157.0 -245.6 524.7 374.2 19.5 560.7 553.0 553.0 0.0 486.8 66.2 513.4 44.2 4.6 39.6 10.7 0.0 0.0 146.5 28.9 117.6 48.4 166.0 19.3 74.3 31.1 124.3 7.1 19.7 29.2 1250.0 92.8 10.4 0.8 2.9 27.0 0.0 15.8 0.0 7.2 19.8 14.5 9.7 98.6 69.2 18.7 125.0

2005
20.0 281.7 301.7 0.0 0.0 251.6 251.6 553.3 18.8 0.7 18.1 61.9 210.8 291.5 384.5 636.1 -93.0 531.4 -365.7 818.9 646.3 21.4 937.8 402.4 402.4 0.0 394.5 7.9 412.7 -4.5 11.9 -16.4 1.8 0.0 0.0 243.6 -18.2 261.8 3.2 265.0 45.5 75.8 21.0 210.8 -1.7 -7.5 1.2 1508.5 102.6 3.0 2.2 0.0 -5.4 0.0 -4.1 -8.2 -9.1 5.7 42.9 -141.4 -27.2 150.9

2006
20.0 182.7 202.7 0.0 0.0 249.5 249.5 452.2 19.2 0.4 18.8 21.3 215.9 256.4 447.5 697.0 -191.1 553.8 -428.3 869.7 643.4 57.3 899.8 610.9 610.9 0.0 580.0 30.9 605.5 3.5 55.7 -52.2 3.1 0.0 0.0 -101.1 -55.3 -45.8 2.0 -43.8 55.2 57.3 9.1 343.9 -5.8 54.7 -4.6 1013.5 99.1 1591.4 9.1 10.1 -5.9 0.7 -25.8 0.0 0.0 -8.5 -26.1 -27.7 8.9 67.9 218.3 51.8 101.4

2007
20.0 300.0 320.0 0.0 0.0 86.5 86.5 406.5 20.4 0.6 19.8 20.1 264.4 304.9 723.8 810.3 -418.9 375.1 -703.4 994.8 825.4 32.2 1130.3 746.9 746.9 0.0 672.2 74.7 700.0 54.5 68.8 -14.3 3.7 0.0 0.0 -45.7 -18.0 -27.7 14.2 -13.5 21.3 42.1 5.6 253.2 -1.3 39.4 -105.2 1600.0 93.7 126.2 9.2 18.3 -25.9 0.0 -4.5 0.0 0.0 -1.9 -7.2 -9.0 5.0 66.1 -72.4 22.3 160.0

2008
29.0 285.0 314.0 0.0 0.0 341.4 341.4 655.4 27.8 5.5 22.3 25.6 332.4 385.8 524.6 866.0 -138.8 758.7 -496.8 999.5 794.3 35.9 1180.1 739.9 739.9 0.0 694.2 45.7 719.9 23.1 67.2 -44.1 3.7 0.0 0.0 248.9 -47.8 296.7 -11.9 284.8 52.1 73.5 10.2 275.8 -3.7 -19.2 -4.2 1082.8 97.3 290.9 9.1 8.9 -8.4 0.1 -14.0 0.0 0.0 -6.0 -15.2 -16.5 4.3 62.7 111.1 -0.9 108.3

2009
29.0 476.7 505.7 0.0 0.0 303.3 303.3 809.0 2.7 0.5 2.2 29.6 321.2 353.5 555.7 859.0 -202.2 701.1 -553.0 1228.3 1011.2 34.4 1364.7 747.0 747.0 0.0 695.8 51.2 723.5 4.0 108.0 -104.0 0.0 0.0 0.0 153.6 -104.0 257.6 -69.6 188.0 37.5 63.6 5.8 169.9 -7.6 -67.7 -37.0 1743.8 96.9 2700.0 14.5 15.4 0.0 0.0 -20.6 0.0 0.0 -13.9 -35.9 -35.9 4.3 54.7 136.2 1.0 174.4

30

Baig Spinning Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

91.0 117.0 208.0 0.0 0.0 130.9 130.9 338.9 5.5 5.5 0.0 55.5 123.1 184.1 228.7 359.6 -44.6 268.3 -223.2 461.4 383.6 22.5 567.7 683.9 683.9 0.0 653.1 30.8 660.9 22.9 21.8 1.1 3.1 0.0 0.0 49.6 -2.0 51.6 20.5 72.1 38.6 80.5 26.7 172.9 0.2 -4.0 28.4 228.6 96.6 95.2 3.2 8.1 281.8 5.2 0.5 0.0 0.2 0.1 -0.2 6.3 120.5 0.0 20.5 22.9

2005
91.0 79.3 170.3 0.0 0.0 127.6 127.6 297.9 6.9 6.9 0.0 31.0 166.7 204.6 284.5 412.1 -79.9 248.8 -277.6 470.4 377.8 14.8 582.4 489.6 489.6 0.0 449.1 40.5 455.7 33.9 16.7 17.2 2.3 0.0 0.0 -41.0 14.9 -55.9 29.7 -26.2 42.8 71.9 13.3 242.0 3.0 187.1 93.1 49.3 3.4 6.7 13.4 3.6 10.1 0.0 3.5 1.9 1.6 3.9 84.1 1800.0 -28.4 18.7

2006
91.0 -56.1 34.9 0.0 0.0 101.1 101.1 136.0 0.9 0.9 0.0 44.5 79.5 124.9 272.9 374.0 -148.0 197.4 -272.0 352.9 284.1 19.5 409.0 616.8 616.8 0.0 592.7 24.1 719.4 -101.0 30.7 -131.7 3.4 0.0 0.0 -161.9 -135.1 -26.8 -115.6 -142.4 74.3 45.8 16.6 1071.6 -32.2 83.4 81.2 38.4 116.6 -30.4 5.0 15.6 -2.6 4.1 -377.4 0.0 0.0 -21.4 -14.5 -14.8 5.2 150.8 -863.2 26.0 3.8

2007
91.0 -59.3 31.7 0.0 0.0 1.8 1.8 33.5 1.0 1.0 0.0 1.3 0.0 2.3 132.8 134.6 -130.5 35.8 -131.8 348.9 164.1 1.5 166.4 84.4 84.4 0.0 91.1 -6.7 99.0 37.0 12.0 25.0 0.4 0.0 0.0 -102.5 24.6 -127.1 26.1 -101.0 5.4 1.7 1.7 424.6 15.0 -24.0 -25.8 34.8 117.3 32.4 14.2 33.5 1.6 0.0 78.9 0.0 0.0 29.6 2.7 2.7 0.5 50.7 -118.6 -86.3 3.5

2008
91.0 -64.9 26.1 0.0 0.0 1.9 1.9 28.0 35.9 35.9 0.0 1.5 0.0 37.4 13.0 14.9 24.4 1.9 22.9 5.2 3.5 0.7 40.9 0.0 0.0 0.0 0.0 0.0 4.6 132.5 0.2 132.3 0.0 0.0 0.0 -5.5 132.3 -137.8 133.0 -4.8 6.8 287.7 287.7 57.1 323.5 -2405.5 -2770.8 28.7 0.0 0.2 0.0 10.5 0.0 0.0 506.9 0.0 0.0 0.0 14.5 14.5 0.4 0.0 437.0 -100.0 2.9

2009
91.0 -64.9 26.1 0.0 0.0 1.9 1.9 28.0 35.9 35.9 0.0 1.5 0.0 37.4 13.0 14.9 24.4 1.9 22.9 5.2 3.5 0.7 40.9 0.0 0.0 0.0 0.0 0.0 4.6 132.5 0.2 132.3 0.0 0.0 0.0 0.0 132.3 -132.3 133.0 0.7 6.8 287.7 287.7 57.1 323.5 0.0 19000.0 28.7 0.0 0.2 0.0 10.5 0.0 0.0 506.9 0.0 0.0 0.0 14.5 14.5 0.4 0.0 0.0 2.9

31

Bhanero Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

30.0 578.8 608.8 0.0 0.0 208.4 208.4 817.2 6.5 6.2 0.3 264.5 363.0 634.0 536.8 745.2 97.2 540.0 -530.3 1234.0 719.9 66.6 1353.9 1751.6 989.7 761.9 1613.0 138.6 1666.5 87.5 31.3 56.2 14.7 15.0 0.0 142.9 26.5 116.4 93.1 209.5 25.5 118.1 50.5 122.4 4.2 18.5 44.4 2029.3 95.1 35.8 1.8 5.8 26.2 7.6 9.2 276.7 2.5 3.2 18.7 13.8 13.3 129.4 -58.9 21.0 202.9

2005
30.0 671.2 701.2 0.0 0.0 775.1 775.1 1476.3 12.5 12.2 0.3 260.7 809.5 1082.7 914.6 1689.7 168.1 1488.5 -902.1 1866.8 1308.1 52.1 2390.8 1316.5 1316.5 0.0 1109.1 207.4 1165.7 151.4 48.7 102.7 6.3 15.0 0.0 659.1 81.4 577.7 133.5 711.2 52.5 118.4 29.9 241.0 4.3 12.4 18.8 2337.3 88.5 32.2 3.7 3.3 6.1 11.8 14.6 642.7 2.1 7.8 34.2 32.1 7.2 55.1 82.9 -24.8 233.7

2006
30.0 707.2 737.2 0.0 0.0 1167.2 1167.2 1904.4 24.3 23.9 0.4 300.8 594.0 919.1 1166.1 2333.3 -247.0 1891.4 -1141.8 2869.1 2151.4 163.0 3070.5 2692.9 2692.9 0.0 2270.8 422.1 2351.6 357.9 184.4 173.5 20.9 7.5 0.0 428.1 145.1 283.0 308.1 591.1 61.3 78.8 27.9 316.5 5.7 33.9 52.1 2457.3 87.3 51.5 6.8 9.7 12.0 6.7 23.5 2034.7 1.0 6.4 57.8 50.9 12.5 87.7 69.0 104.5 245.7

2007
30.0 823.4 853.4 0.0 0.0 794.0 794.0 1647.4 56.0 55.6 0.4 511.1 838.6 1405.7 1762.8 2556.8 -357.1 1717.0 -1706.8 2913.3 2004.5 203.2 3410.2 3547.1 2369.1 1178.0 3070.5 476.6 3161.9 386.6 201.0 185.6 17.7 0.0 0.0 -257.0 167.9 -424.9 371.1 -53.8 48.2 79.7 32.2 299.6 5.4 -65.3 -689.8 2844.7 89.1 52.0 5.7 11.7 9.5 10.5 21.7 0.0 0.0 5.2 61.9 56.0 9.4 104.0 7.1 31.7 284.5

2008
30.0 959.6 989.6 0.0 0.0 797.1 797.1 1786.7 18.9 18.5 0.4 574.9 961.8 1555.6 1616.5 2413.6 -60.9 1844.6 -1597.6 2946.2 1847.5 187.3 3403.1 3510.4 1633.6 1876.8 3101.0 409.4 3199.5 320.8 220.9 99.9 18.1 6.0 0.0 139.3 75.8 63.5 263.1 326.6 44.6 96.2 36.7 243.9 2.9 54.4 80.6 3298.7 91.1 68.9 6.3 12.0 18.1 11.9 10.1 1363.3 0.6 2.8 33.3 27.3 9.3 103.2 -46.2 -1.0 329.9

2009
30.0 1044.0 1074.0 0.0 0.0 517.3 517.3 1591.3 23.1 22.7 0.4 584.3 799.8 1407.2 1542.7 2060.0 -135.5 1621.6 -1519.6 3005.1 1726.9 177.0 3134.1 3781.5 2773.4 1008.1 3285.3 496.2 3394.9 389.4 289.8 99.6 16.4 6.0 0.0 -195.4 77.2 -272.6 254.2 -18.4 32.5 91.2 39.4 191.8 3.2 -39.5 -1381.5 3580.0 89.8 74.4 7.7 17.9 16.5 11.7 9.3 1386.7 0.6 2.6 33.2 27.7 9.6 120.7 -0.3 7.7 358.0

32

Bilal Fibres Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

141.0 -16.2 124.8 0.0 0.0 45.5 45.5 170.3 6.5 6.5 0.0 80.1 77.0 163.6 349.1 394.6 -185.5 160.0 -342.6 405.4 355.7 19.8 519.3 677.5 518.6 158.9 646.0 31.5 663.3 14.9 12.3 2.6 3.1 0.0 0.0 -106.8 -0.5 -106.3 19.3 -87.0 26.7 46.9 24.8 316.2 0.5 88.5 97.9 82.6 1.8 7.7 119.2 1.9 2.1 0.0 0.4 0.2 0.0 6.3 130.5 -81.8 29.9 8.9

2005
141.0 81.5 222.5 0.0 0.0 113.0 113.0 335.5 8.8 8.8 0.0 64.2 68.9 141.9 334.1 447.1 -192.2 297.6 -325.3 544.6 527.6 16.9 669.5 507.1 470.3 36.8 467.5 39.6 484.1 24.2 14.5 9.7 2.3 0.0 0.0 165.2 7.4 157.8 24.3 182.1 33.7 42.5 21.8 200.9 1.4 4.5 13.3 157.8 95.5 59.9 2.9 4.9 23.7 1.5 4.4 0.0 1.9 0.7 0.5 4.8 75.7 250.0 -25.2 15.8

2006
141.0 64.0 205.0 0.0 0.0 63.5 63.5 268.5 3.9 3.9 0.0 68.9 112.0 184.8 470.5 534.0 -285.7 299.4 -466.6 594.3 554.4 23.1 739.2 764.5 659.0 105.5 717.6 46.9 741.1 56.2 39.7 16.5 4.1 0.0 0.0 -67.0 12.4 -79.4 35.5 -43.9 23.6 39.3 15.5 260.5 2.2 -18.5 -80.9 145.4 96.9 70.6 5.2 13.3 24.8 1.3 8.0 0.0 0.0 2.2 1.2 0.9 4.4 103.4 71.4 50.8 14.5

2007
141.0 -37.5 103.5 0.0 0.0 288.4 288.4 391.9 28.3 28.3 0.0 87.3 114.7 230.3 384.6 673.0 -154.3 374.1 -356.3 587.5 546.1 26.2 776.4 785.0 669.2 115.8 785.3 -0.3 813.1 -27.5 46.4 -73.9 4.3 0.0 0.0 123.4 -78.2 201.6 -52.0 149.6 73.6 59.9 30.1 650.2 -9.5 -63.4 -34.8 73.4 103.6 -168.7 5.9 12.4 -5.8 0.7 -71.4 0.0 0.0 -9.4 -5.2 -5.5 4.7 101.1 -533.3 2.7 7.3

2008
141.0 54.1 195.1 0.0 0.0 354.7 354.7 549.8 3.5 3.5 0.0 119.2 168.2 290.9 468.4 823.1 -177.5 546.6 -464.9 759.0 727.4 29.4 1018.3 905.2 711.9 193.3 865.9 39.3 909.5 -3.5 57.4 -60.9 36.5 0.0 0.0 157.9 -97.4 255.3 -68.0 187.3 64.5 62.1 26.2 421.9 -6.0 -61.7 -36.3 138.4 100.5 -1640.0 6.3 10.5 -59.9 3.8 -31.2 0.0 0.0 -6.7 -4.3 -6.9 5.4 88.9 -17.3 15.3 13.8

2009
141.0 -65.9 75.1 0.0 0.0 450.8 450.8 525.9 1.9 1.9 0.0 96.3 140.0 238.2 434.0 884.8 -195.8 528.9 -432.1 785.4 721.7 33.7 959.9 945.6 887.2 58.4 934.8 10.8 972.0 -25.4 66.6 -92.0 0.6 0.0 0.0 -23.9 -92.6 68.7 -58.9 9.8 85.7 54.9 22.6 1178.2 -9.6 387.4 -601.0 53.3 102.8 -262.2 7.0 12.6 -0.7 3.8 -122.5 0.0 0.0 -9.7 -6.5 -6.6 4.6 98.5 51.2 4.5 5.3

33

Blessed Textiles Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

64.3 342.3 406.6 0.0 0.0 514.8 514.8 921.4 26.9 26.9 0.0 299.2 174.7 500.8 416.6 931.4 84.2 684.8 -389.7 1224.3 837.1 79.6 1337.9 2250.9 606.7 1644.2 2089.4 161.5 2143.5 108.7 31.8 76.9 0.0 4.8 0.0 10.2 72.1 -61.9 151.7 89.8 55.9 120.2 78.3 229.1 5.7 706.9 168.9 632.3 95.2 29.3 1.4 4.6 0.0 9.4 18.9 1602.1 1.2 3.4 12.0 12.0 9.9 168.2 -16.1 66.1 63.2

2005
64.3 427.4 491.7 0.0 0.0 613.3 613.3 1105.0 49.2 49.2 0.0 336.4 300.8 686.4 660.5 1273.8 25.9 1118.4 -611.3 1512.2 1079.1 59.8 1765.5 1652.8 276.6 1376.2 1449.9 202.9 1500.2 152.6 48.6 104.0 16.4 4.8 0.0 183.6 82.8 100.8 142.6 243.4 55.5 103.9 58.4 259.1 5.9 45.1 58.6 764.7 90.8 31.8 2.9 4.3 15.8 14.6 21.2 1825.0 1.0 6.3 16.2 13.6 7.1 93.6 35.0 -26.6 76.5

2006
64.3 558.7 623.0 0.0 0.0 871.9 871.9 1494.9 14.1 14.1 0.0 278.8 489.6 782.5 945.7 1817.6 -163.2 1656.1 -931.6 2234.3 1658.2 146.4 2440.7 2948.0 430.5 2517.5 2531.2 416.8 2626.4 322.0 151.5 170.5 40.7 4.8 0.0 389.9 125.0 264.9 271.4 536.3 58.3 82.7 31.0 291.7 7.0 32.1 50.6 968.9 89.1 47.0 5.1 9.1 23.9 4.7 27.4 2704.2 0.8 5.8 26.5 20.2 13.6 120.8 63.6 78.4 96.9

2007
64.3 639.3 703.6 0.0 0.0 533.9 533.9 1237.5 40.8 40.8 0.0 351.6 532.4 924.8 1327.4 1861.3 -402.6 1252.0 -1286.6 2388.5 1640.0 173.8 2564.8 2703.7 1457.2 1246.5 2308.1 395.6 2399.3 305.0 180.0 125.0 18.8 4.8 0.0 -257.4 101.4 -358.8 275.2 -83.6 43.1 69.7 29.6 264.5 4.9 -39.4 -329.2 1094.2 88.7 59.0 6.7 14.4 15.0 9.1 17.8 2212.5 0.7 4.6 19.4 16.5 10.5 105.4 -26.8 -8.3 109.4

2008
64.3 777.2 841.5 0.0 0.0 587.7 587.7 1429.2 33.9 33.9 0.0 290.8 846.3 1171.0 1365.8 1953.5 -194.8 1508.7 -1331.9 2535.5 1624.1 173.4 2795.1 2994.3 1724.2 1270.1 2628.6 365.7 2729.5 275.0 159.3 115.7 20.2 6.4 0.0 191.7 89.1 102.6 262.5 365.1 41.1 85.7 23.8 232.1 4.1 46.5 71.9 1308.7 91.2 57.9 5.3 10.6 17.5 6.0 13.7 1492.2 0.8 3.9 18.0 14.9 10.6 107.1 -7.2 10.7 130.9

2009
64.3 852.5 916.8 0.0 0.0 495.8 495.8 1412.6 27.7 27.7 0.0 186.5 677.3 891.5 1044.3 1540.1 -152.8 1268.0 -1016.6 2648.3 1565.5 168.9 2457.0 3254.3 1345.2 1909.1 2787.6 466.7 2897.5 357.2 257.2 100.0 27.7 4.8 0.0 -16.6 67.5 -84.1 236.4 152.3 35.1 85.4 20.5 168.0 4.1 -406.6 155.2 1425.8 89.0 72.0 7.9 20.3 27.7 0.0 10.9 1506.3 0.5 3.1 15.6 11.2 10.4 132.5 -13.3 8.7 142.6

34

Brothers Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

98.0 58.4 156.4 0.0 0.0 47.1 47.1 203.5 4.2 4.2 0.0 297.8 70.2 372.2 383.7 430.8 -11.5 133.6 -379.5 446.5 215.0 19.8 587.2 614.7 603.2 11.5 620.6 -5.9 635.2 -19.5 15.7 -35.2 2.7 0.0 0.0 38.9 -37.9 76.8 -18.1 58.7 23.1 97.0 78.7 275.4 -6.0 -97.4 -30.8 159.6 103.3 2.6 11.8 1.2 -22.5 0.0 -5.7 -3.6 -3.9 10.2 104.7 -2.7 51.1 16.0

2005
98.0 52.1 150.1 0.0 0.0 72.0 72.0 222.1 6.4 6.4 0.0 287.4 75.9 369.7 348.5 420.5 21.2 184.4 -342.1 485.1 200.9 16.0 570.6 343.5 338.3 5.2 326.9 16.6 338.3 6.5 14.3 -7.8 1.7 0.0 0.0 18.6 -9.5 28.1 6.5 34.6 32.4 106.1 84.3 280.1 -1.4 -51.1 18.8 153.2 98.5 220.0 4.2 7.8 1.0 -5.2 0.0 -2.3 -0.8 -1.0 7.4 60.2 -77.8 -44.1 15.3

2006
98.0 32.4 130.4 0.0 0.0 53.4 53.4 183.8 3.5 3.5 0.0 280.7 81.2 365.4 373.8 427.2 -8.4 206.4 -370.3 482.5 192.1 21.2 557.5 459.8 456.1 3.7 458.2 1.6 475.6 -8.2 27.4 -35.6 3.2 0.0 0.0 -38.3 -38.8 0.5 -17.6 -17.1 29.1 97.8 76.0 327.6 -6.4 101.3 102.9 133.1 103.4 -334.1 6.0 13.3 -9.0 0.7 -27.3 0.0 0.0 -7.7 -3.6 -4.0 10.6 82.5 350.0 33.9 13.3

2007
98.0 -60.8 37.2 0.0 0.0 42.7 42.7 79.9 2.6 2.6 0.0 282.6 44.9 330.1 428.4 471.1 -98.3 118.9 -425.8 487.5 178.1 19.3 508.2 484.0 450.7 33.3 502.6 -18.6 521.4 -36.5 24.7 -61.2 2.4 0.0 0.0 -103.9 -63.6 -40.3 -44.3 -84.6 53.4 77.1 66.6 1266.4 -12.0 61.2 52.4 38.0 107.7 -67.7 5.1 20.8 -3.9 0.2 -164.5 0.0 0.0 -12.6 -6.2 -6.5 10.0 95.2 72.2 5.3 3.8

2008
98.0 -103.6 -5.6 0.0 0.0 37.0 37.0 31.4 0.8 0.8 0.0 278.8 0.0 279.6 389.8 426.8 -110.2 85.8 -389.0 438.5 141.8 8.5 421.4 166.6 166.6 0.0 176.2 -9.6 187.9 -20.8 11.4 -32.2 0.8 0.0 0.0 -48.5 -33.0 -15.5 -24.5 -40.0 117.8 71.7 71.7 0.0 -7.6 68.0 61.3 -5.7 112.8 -54.8 6.8 13.3 -2.5 0.0 0.0 0.0 0.0 -19.3 -3.3 -3.4 4.8 39.5 -46.8 -65.6 -0.6

2009
98.0 -133.5 -35.5 0.0 0.0 0.0 0.0 -35.5 0.1 0.1 0.0 277.4 0.0 277.5 445.8 445.8 -168.3 41.7 -445.7 435.6 132.8 8.4 410.3 0.0 0.0 0.0 0.0 0.0 20.9 -19.8 10.1 -29.9 0.0 0.0 0.0 -66.9 -29.9 -37.0 -21.5 -58.5 0.0 62.2 62.2 0.0 -7.3 44.7 36.8 -36.2 0.0 -51.0 0.0 24.2 0.0 0.0 0.0 0.0 0.0 0.0 -3.1 -3.1 5.9 0.0 -6.1 -100.0 -3.6

35

Chakwal Spinning Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

113.3 -160.8 -47.5 0.0 0.0 255.5 255.5 208.0 125.9 125.9 0.0 67.6 213.3 406.8 770.5 1026.0 -363.7 439.6 -644.6 995.0 571.5 32.6 978.3 779.8 717.7 62.1 758.3 21.5 786.9 11.9 22.6 -10.7 3.4 0.0 0.0 29.4 -14.1 43.5 18.5 62.0 122.8 52.8 25.1 -1.1 -48.0 29.8 -41.9 100.9 189.9 2.9 5.1 2.5 -1.4 -0.9 -1.2 6.9 79.7 -112.5 -19.6 -4.2

2005
113.3 -109.8 3.5 0.0 0.0 30.2 30.2 33.7 2.1 2.1 0.0 97.9 155.6 255.6 783.4 813.6 -527.8 213.2 -781.3 1005.0 561.5 25.3 817.1 637.6 612.5 25.1 594.1 43.5 615.8 25.8 19.6 6.2 2.8 0.0 0.0 -174.3 3.4 -177.7 28.7 -149.0 89.6 32.6 12.8 23245.7 0.8 3.1 96.6 76.0 3.1 9.2 45.2 3.6 177.1 0.0 1.0 0.5 0.3 9.3 78.0 -155.6 -18.2 0.3

2006
400.0 -198.5 201.5 0.0 0.0 402.6 402.6 604.1 35.8 35.8 0.0 105.0 120.8 261.6 373.3 775.9 -111.7 558.5 -337.5 1189.3 715.7 37.2 977.3 711.6 92.8 618.8 683.1 28.5 709.8 9.2 30.2 -21.0 3.5 0.0 0.0 570.4 -24.5 594.9 12.7 607.6 66.6 70.1 37.7 385.1 -2.1 -4.3 2.1 50.4 99.7 328.3 4.2 5.4 -16.7 3.0 -10.4 0.0 0.0 -3.0 -0.5 -0.6 6.6 72.8 -200.0 11.6 5.0

2007
400.0 -186.3 213.7 0.0 0.0 52.2 52.2 265.9 39.7 39.7 0.0 142.6 150.8 333.1 819.9 872.1 -486.8 257.4 -780.2 1265.2 752.6 46.5 1085.7 853.1 659.5 193.6 783.3 69.8 814.2 41.1 35.3 5.8 48.3 0.0 0.0 -338.2 -42.5 -295.7 4.0 -291.7 19.6 40.6 22.2 408.1 0.5 12.6 -1.4 53.4 95.4 85.9 4.1 13.7 832.8 2.3 2.7 0.0 0.0 0.7 0.1 -1.1 6.5 78.6 -120.0 19.9 5.3

2008
400.0 -185.4 214.6 0.0 0.0 149.4 149.4 364.0 34.4 34.4 0.0 131.9 206.3 372.6 794.2 943.6 -421.6 374.9 -759.8 1337.8 785.7 47.5 1158.3 875.5 775.8 99.7 809.1 66.4 872.0 11.4 34.4 -23.0 4.4 0.0 0.0 98.1 -27.4 125.5 20.1 145.6 41.0 46.9 20.9 439.7 -2.0 -27.9 13.8 53.7 99.6 301.8 3.9 9.2 -19.1 4.9 -10.7 0.0 0.0 -2.6 -0.6 -0.7 6.0 75.6 -700.0 2.6 5.4

2009
400.0 -231.1 168.9 0.0 0.0 54.3 54.3 223.2 32.4 32.4 0.0 115.2 210.4 358.0 909.6 963.9 -551.6 329.6 -877.2 1375.1 774.8 48.6 1132.8 989.8 856.9 132.9 950.3 39.5 985.8 7.3 54.7 -47.4 2.1 0.0 0.0 -140.8 -49.5 -91.3 -0.9 -92.2 24.3 39.4 16.2 570.7 -4.2 35.2 1.0 42.2 99.6 749.3 5.5 16.6 -4.4 4.5 -28.1 0.0 0.0 -4.8 -1.2 -1.2 6.2 87.4 100.0 13.1 4.2

36

Chenab Ltd.
Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

7.0 -15.5 -8.5 0.0 0.0 0.0 0.0 -8.5 0.0 0.0 0.0 3.2 0.7 3.9 43.5 43.5 -39.6 0.0 -43.5 42.9 31.0 0.1 34.2 0.0 0.0 0.0 0.0 0.0 4.3 6.9 0.0 -4.3 0.0 0.0 0.0 0.0 11.2 -11.2 11.3 0.1 457.1 457.1 20.2 11300.0 -121.4 0.0 1.0 1.0 0.3 0.0 0.0 -12.1

2005
7.0 -14.1 -7.1 0.0 0.0 0.0 0.0 -7.1 0.3 0.3 0.0 2.8 0.0 3.1 40.9 40.9 -37.8 0.0 -40.6 41.6 30.9 0.0 34.0 0.0 0.0 0.0 0.0 0.0 4.9 2.2 0.0 2.2 0.8 0.0 0.0 1.4 1.4 0.0 1.4 1.4 7.6 7.6 6.5 100.0 100.0 -101.4 0.0 36.4 3.1 2.0 0.0 0.0 -16.2 -10.1

2006
7.0 -13.2 -6.2 0.0 0.0 0.0 0.0 -6.2 2.9 0.1 2.8 0.2 0.0 3.1 40.1 40.1 -37.0 0.0 -37.2 41.6 30.8 0.1 33.9 0.0 0.0 0.0 0.0 0.0 4.9 0.8 0.0 0.8 0.3 0.0 0.0 0.9 0.5 0.4 0.6 1.0 0.0 7.7 7.7 0.0 2.4 55.6 60.0 -88.6 0.0 0.0 0.0 0.0 37.5 0.0 0.0 0.0 0.0 0.0 1.1 0.7 0.3 0.0 -64.5 -8.9

2007
1150.0 1970.0 3120.0 800.0 0.0 2352.8 3152.8 6272.8

2008
1150.0 1800.2 2950.2 800.0 0.0 2296.6 3096.6 6046.8

2009
1150.0 543.9 1693.9 800.0 0.0 2420.5 3220.5 4914.4

65.2 59.9 63.4 65.2 59.9 63.4 0.0 0.0 0.0 3464.5 4171.6 5008.7 3997.2 4442.6 4475.2 7526.9 8674.1 9547.3 8710.1 10240.4 12026.9 11862.9 13337.0 15247.4 -1183.2 -1566.3 -2479.6 7826.5 10300.8 3104.1 -8644.9 -10180.5 -11963.5 7429.2 7456.0 266.8 14982.9 8338.4 621.9 7716.5 6791.1 1547.3 7342.0 999.3 838.9 160.4 85.4 74.0 0.0 6279.0 1.0 6278.0 267.8 6545.8 50.3 86.4 40.5 380.2 1.1 0.0 4.1 271.3 88.1 83.9 10.1 10.7 53.2 0.0 5.1 101.4 2.4 1.9 1.4 0.7 4.4 55.7 27.3 27.1 8144.8 7613.0 272.5 16287.1 8675.3 1100.9 7574.4 6996.0 1679.3 7574.3 1109.3 1124.6 -15.3 82.4 0.0 0.0 -226.0 -97.7 -128.3 174.8 46.5 51.2 84.7 41.3 452.1 -0.1 43.2 375.9 256.5 87.3 101.4 13.0 10.9 -538.6 28.0 -0.5 0.0 0.0 -0.2 -0.1 -0.8 3.7 53.3 -107.1 4.0 25.7 8201.0 7394.0 283.4 16941.3 9091.4 997.7 8093.7 7107.0 1984.4 7618.8 1474.0 1487.7 -13.7 82.9 0.0 0.0 -1132.4 -96.6 -1035.8 186.8 -849.0 65.5 79.4 42.2 900.1 -0.1 8.5 -22.0 147.3 83.8 100.9 16.4 47.9 -605.1 34.4 -0.8 0.0 0.0 -0.2 -0.1 -0.8 3.7 53.7 0.0 4.8 14.7

37

Colony Mills Ltd. (Colony Textile Mills Ltd.)

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

100.0 741.6 841.6 0.0 0.0 1539.7 1539.7 2381.3 113.2 90.7 22.5 599.9 989.6 1702.7 1963.3 3503.0 -260.6 2446.6 -1850.1 3084.3 2641.8 135.3 4344.5 3641.0 3244.6 396.4 3481.6 159.4 3535.9 153.7 98.6 55.1 19.2 0.0 0.0 1049.6 35.9 1013.7 171.2 1184.9 64.7 86.7 36.3 416.2 1.3 3.4 14.4 841.6 97.1 64.2 2.7 4.0 34.8 1.6 6.5 0.0 1.5 5.5 3.6 8.1 83.8 27.9 39.9 84.2

2005
250.0 1077.3 1327.3 0.0 0.0 1934.9 1934.9 3262.2 215.2 65.4 149.8 839.5 1020.8 2075.5 2058.8 3993.7 16.7 2942.8 -1843.6 3826.9 3245.6 141.8 5321.1 3693.5 2828.4 865.1 3323.4 370.1 3428.9 310.1 129.2 180.9 24.5 0.0 0.0 880.9 156.4 724.5 298.2 1022.7 59.3 100.8 51.2 300.9 3.4 17.8 29.2 530.9 92.8 41.7 3.5 4.4 13.5 5.2 13.6 0.0 4.9 7.2 6.3 5.4 69.4 30.9 1.4 53.1

2006
2441.8 301.4 2743.2 0.0 0.0 2248.6 2248.6 4991.8 819.1 4.4 814.7 719.4 1298.8 2837.3 2798.6 5047.2 38.7 4406.9 -1979.5 5702.6 4953.2 64.7 7790.5 2063.3 1318.7 744.6 1783.5 279.8 1850.6 273.7 154.4 119.3 14.4 0.0 0.0 1729.6 104.9 1624.7 169.6 1794.3 45.0 101.4 55.0 184.0 1.5 6.1 9.5 112.3 89.7 56.4 7.5 3.5 12.1 8.1 4.3 0.0 0.0 5.8 0.5 0.4 2.0 26.5 -93.1 -44.1 11.2

2007
2441.8 707.3 3149.1 0.0 0.0 2710.0 2710.0 5859.1 8.9 4.4 4.5 1903.3 1392.5 3304.7 3269.8 5979.8 34.9 4302.2 -3260.9 6493.9 5824.2 203.7 9128.9 5799.9 3391.8 2408.1 5061.7 738.2 5269.2 830.1 371.8 458.3 29.0 0.0 0.0 867.3 429.3 438.0 633.0 1071.0 46.3 101.1 58.5 189.9 5.0 49.5 59.1 129.0 90.8 44.8 6.4 8.6 6.3 5.3 14.6 0.0 0.0 7.9 1.9 1.8 4.1 63.5 280.0 181.1 12.9

2008
2441.8 464.6 2906.4 0.0 0.0 4638.6 4638.6 7545.0 819.3 32.1 787.2 2344.7 1960.3 5124.3 5106.3 9744.9 18.0 6903.4 -4287.0 7405.7 7526.9 242.5 12651.2 7020.7 7020.7 0.0 6026.5 994.2 6346.0 854.9 491.6 363.3 35.9 524.8 0.0 1685.9 -197.4 1883.3 45.1 1928.4 61.5 100.4 62.0 335.3 2.9 -11.7 2.3 119.0 90.4 57.5 7.0 7.1 9.9 4.7 12.5 62.4 18.1 5.2 1.5 1.3 4.2 55.5 -21.1 21.0 11.9

2009
2441.8 233.7 2675.5 0.0 0.0 5229.0 5229.0 7904.5 1160.6 26.6 1134.0 1375.4 3295.9 5831.9 6364.2 11593.2 -532.3 9133.3 -5203.6 9312.4 8436.9 309.8 14268.8 7526.9 4571.1 2955.8 6636.0 890.9 7246.4 776.2 1021.1 -244.9 29.4 0.0 0.0 359.5 -274.3 633.8 35.5 669.3 66.2 91.6 39.8 433.3 -1.7 -76.3 5.3 109.6 96.3 131.6 13.6 11.2 -12.0 7.2 -9.2 0.0 0.0 -3.3 -1.0 -1.1 20.3 52.8 -166.7 7.2 11.0

38

Crescent Fibers Ltd. (Crescent Boards Ltd.)

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

-

2005
-

2006
-

2007
118.3 154.0 272.3 0.0 0.0 108.2 108.2 380.5 4.8 2.1 2.7 341.6 109.8 456.2 394.0 502.2 62.2 270.6 -389.2 875.7 318.3 32.8 774.5 1189.7 1189.7 0.0 1073.1 116.6 1122.1 76.1 36.8 39.3 5.9 0.0 5.9 380.5 33.4 347.1 66.2 413.3 28.4 115.8 87.9 184.4 5.1 8.8 16.0 230.2 94.3 48.4 3.1 13.6 15.0 9.8 14.4 0.0 0.0 3.3 3.3 2.8 10.1 153.6 230.0 23.0

2008
124.2 103.5 227.7 0.0 0.0 67.6 67.6 295.3 4.2 1.5 2.7 539.7 153.5 697.4 414.7 482.3 282.7 262.7 -410.5 850.1 12.5 31.3 709.9 1246.8 1241.8 5.0 1160.2 86.6 1202.5 57.2 32.0 25.2 6.2 62.1 0.0 -85.2 -43.1 -42.1 -11.8 -53.9 22.9 168.2 131.2 211.8 3.5 50.6 21.9 183.3 96.4 55.9 2.6 12.2 24.6 7.3 11.1 30.6 27.3 2.0 2.0 1.5 26.5 175.6 -39.4 4.8 18.3

2009
124.2 56.0 180.2 0.0 0.0 30.2 30.2 210.4 73.5 29.9 43.6 177.0 101.3 351.8 424.6 454.8 -72.8 237.3 -351.1 859.4 283.2 29.5 635.0 1427.5 1426.3 1.2 1318.4 109.1 1369.1 67.8 54.5 13.3 0.9 0.0 0.0 -84.9 12.4 -97.3 41.9 -55.4 14.4 82.9 59.0 252.4 2.1 -14.6 -75.6 145.1 95.9 80.4 3.8 23.0 6.8 8.3 7.4 0.0 0.0 0.9 1.1 1.0 9.8 224.8 -45.0 14.5 14.5

39

D.M. Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

30.5 307.1 337.6 0.0 0.0 83.6 83.6 421.2 28.1 27.8 0.3 50.0 94.1 172.2 253.1 336.7 -80.9 158.0 -225.0 571.0 502.2 13.1 674.4 554.0 537.8 16.2 513.4 40.6 526.9 27.6 17.7 9.9 2.4 0.0 0.0 159.7 7.5 152.2 20.6 172.8 19.8 68.0 30.9 99.7 1.5 4.7 11.9 1106.9 95.1 64.1 3.2 11.2 24.2 0.4 2.9 0.0 1.8 3.2 2.5 4.0 82.1 18.5 36.0 110.7

2005
30.5 369.5 400.0 0.0 0.0 107.2 107.2 507.2 19.0 18.6 0.4 54.1 65.5 138.6 163.5 270.7 -24.9 191.5 -144.5 771.8 532.2 11.1 670.8 456.3 456.3 0.0 413.1 43.2 424.5 32.4 12.3 20.1 2.3 1.3 0.0 86.0 16.5 69.5 27.6 97.1 21.1 84.8 44.7 67.7 3.0 19.2 28.4 1311.5 93.0 38.0 2.7 6.4 11.4 0.9 5.0 1369.2 0.3 4.4 6.6 5.8 2.2 68.0 106.3 -17.6 131.1

2006
30.5 250.1 280.6 0.0 0.0 175.8 175.8 456.4 4.0 3.6 0.4 189.4 176.2 369.6 512.9 688.7 -143.3 372.3 -508.9 861.2 599.8 17.0 969.4 768.1 768.1 0.0 675.9 92.2 703.7 66.7 32.9 33.8 3.9 0.0 0.0 -50.8 29.9 -80.7 46.9 -33.8 38.5 72.1 37.7 245.4 3.5 -58.9 -138.8 920.0 91.6 49.3 4.3 8.8 11.5 0.4 12.0 0.0 0.0 4.4 11.1 9.8 3.2 79.2 68.2 68.3 92.0

2007
30.5 551.9 582.4 0.0 0.0 150.8 150.8 733.2 1.7 1.3 0.4 132.8 156.0 290.5 538.0 688.8 -247.5 301.7 -536.3 0.0 980.8 0.0 1271.3 805.4 779.3 26.1 731.5 73.9 774.5 34.0 57.4 -23.4 4.5 0.0 0.0 276.8 -27.9 304.7 -27.9 276.8 20.6 54.0 25.0 118.3 -1.8 -10.1 -10.1 1909.5 96.2 168.8 7.1 19.0 -19.2 2.2 -4.0 0.0 0.0 -2.9 -7.7 -9.1 0.0 63.4 -169.4 4.9 191.0

2008
30.5 527.8 558.3 0.0 0.0 224.3 224.3 782.6 4.1 2.4 1.7 108.4 96.3 208.8 389.4 613.7 -180.6 371.0 -385.3 1245.9 963.3 28.6 1172.1 867.6 842.3 25.3 801.4 66.2 832.2 37.2 54.4 -17.2 4.3 0.0 0.0 49.4 -21.5 70.9 7.1 78.0 28.7 53.6 28.9 109.9 -1.5 -43.5 9.1 1830.5 95.9 146.2 6.3 14.7 -25.0 0.5 -3.1 0.0 0.0 -2.0 -5.6 -7.0 2.9 74.0 -27.3 7.7 183.0

2009
30.5 460.3 490.8 0.0 0.0 174.1 174.1 664.9 2.4 0.6 1.8 104.8 91.0 198.2 469.7 643.8 -271.5 344.7 -467.3 1245.3 936.5 27.0 1134.7 549.8 549.8 0.0 558.4 -8.6 581.4 -22.4 50.1 -72.5 0.0 0.0 0.0 -117.7 -72.5 -45.2 -45.5 -90.7 26.2 42.2 22.8 131.2 -6.4 61.6 50.2 1609.2 105.7 -223.7 9.1 14.5 0.0 0.6 -14.8 0.0 0.0 -13.2 -23.8 -23.8 2.8 48.5 325.0 -36.6 160.9

40

D.S. Industries Limited

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

-

2005
-

2006
-

2007
-

2008
-

2009
600.0 -756.2 -156.2 0.0 0.0 261.3 261.3 105.1 129.8 2.5 127.3 33.6 23.2 186.6 733.1 994.4 -546.5 642.5 -603.3 693.9 651.5 56.2 838.1 653.7 653.7 0.0 652.9 0.8 1166.4 -857.8 130.2 -988.0 0.0 0.0 0.0 -988.0 -931.8 248.6 25.5 22.3 0.0 -117.9 0.0 0.0 -26.0 178.4 -15.2 19.9 20.3 0.0 3.6 0.0 0.0 0.0 -151.1 -16.5 -16.5 11.6 78.0 -1750.0 -2.6

41

Dar Es Salaam Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

80.0 -16.9 63.1 0.0 0.0 177.5 177.5 240.6 33.5 33.5 0.0 87.2 160.1 280.8 311.5 489.0 -30.7 413.3 -278.0 490.2 271.4 22.2 552.2 653.7 232.3 421.4 612.0 41.7 652.3 2.8 22.6 -19.8 6.6 0.0 0.0 92.1 -26.4 118.5 -4.2 114.3 73.8 90.1 38.7 775.0 -3.6 -28.7 -3.7 78.9 99.8 807.1 3.5 5.5 5.3 -31.4 0.0 -3.0 -2.5 -3.3 13.9 118.4 316.7 35.1 7.9

2005
80.0 143.0 223.0 0.0 0.0 181.8 181.8 404.8 30.1 30.1 0.0 104.4 136.9 271.4 357.4 539.2 -86.0 484.9 -327.3 597.9 490.9 15.2 762.3 475.6 182.1 293.5 409.4 66.2 440.0 36.2 20.9 15.3 4.3 0.0 0.0 164.2 11.0 153.2 26.2 179.4 44.9 75.9 37.6 241.8 2.0 6.7 14.6 278.8 92.5 57.7 4.4 4.3 28.1 9.8 6.9 0.0 3.2 1.9 1.4 5.6 62.4 -176.0 -27.2 27.9

2006
80.0 126.0 206.0 0.0 0.0 234.3 234.3 440.3 1.1 1.1 0.0 87.5 129.3 217.9 253.5 487.8 -35.6 438.8 -252.4 740.8 476.0 43.6 693.9 698.4 411.4 287.0 622.0 76.4 662.3 37.1 56.7 -19.6 4.5 0.0 0.0 35.5 -24.1 59.6 19.5 79.1 53.2 86.0 35.0 236.8 -2.8 -67.9 24.7 257.5 94.8 152.8 8.1 12.9 -23.0 7.5 -9.5 0.0 0.0 -2.8 -2.5 -3.0 8.9 100.6 -231.6 46.8 25.8

2007
80.0 224.8 304.8 0.0 0.0 174.2 174.2 479.0 3.2 3.2 0.0 176.9 115.5 295.6 472.9 647.1 -177.3 484.5 -469.7 746.2 656.2 40.5 951.8 779.2 410.4 368.8 716.7 62.5 755.3 24.4 60.9 -36.5 5.5 0.0 0.0 38.7 -42.0 80.7 -1.5 79.2 36.4 62.5 38.1 212.3 -3.8 -108.5 -1.9 381.0 96.9 249.6 7.8 12.6 -15.1 16.2 -12.0 0.0 0.0 -4.7 -4.6 -5.3 8.5 81.9 84.0 11.6 38.1

2008
80.0 127.9 207.9 0.0 0.0 191.2 191.2 399.1 4.8 4.8 0.0 131.2 188.0 324.0 537.9 729.1 -213.9 590.8 -533.1 968.0 613.0 58.9 937.0 730.7 454.3 276.4 730.2 0.5 770.6 -37.9 66.9 -104.8 3.7 0.0 0.0 -79.9 -108.5 28.6 -49.6 -21.0 47.9 60.2 25.3 350.7 -11.2 135.8 236.2 259.9 105.5 -176.5 9.2 11.3 -3.5 10.3 -50.4 0.0 0.0 -14.3 -13.1 -13.6 9.0 78.0 184.8 -6.2 26.0

2009
80.0 24.3 104.3 0.0 0.0 120.6 120.6 224.9 1.5 1.5 0.0 135.5 53.4 190.4 527.5 648.1 -337.1 452.0 -526.0 968.4 562.0 53.9 752.4 850.1 707.2 142.9 848.3 1.8 898.8 -48.7 79.5 -128.2 1.5 0.0 0.0 -174.2 -129.7 -44.5 -75.8 -120.3 53.6 36.1 26.0 621.4 -17.0 74.5 63.0 130.4 105.7 -163.2 9.4 17.6 -1.2 2.2 -122.9 0.0 0.0 -15.1 -16.0 -16.2 8.8 113.0 22.1 16.3 13.0

42

Data Textiles Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

99.1 -94.1 5.0 0.0 0.0 72.8 72.8 77.8 1.4 1.4 0.0 37.6 128.3 167.3 237.0 309.8 -69.7 185.8 -235.6 301.6 147.4 6.5 314.7 311.8 311.8 0.0 325.1 -13.3 334.0 -22.1 11.1 -33.2 1.4 0.0 0.0 -63.4 -34.6 -28.8 -28.1 -56.9 93.6 70.6 16.5 6196.0 -10.5 5.0 107.1 3.6 6.0 3.6 -664.0 0.0 -10.6 -3.4 -3.5 11.1 99.1 -206.3 -1.8 0.5

2005
99.1 -158.0 -58.9 0.0 0.0 55.6 55.6 -3.3 2.3 2.3 0.0 21.6 169.6 193.5 356.1 411.7 -162.6 207.4 -353.8 326.3 159.3 12.9 352.8 241.2 241.2 0.0 279.8 -38.6 288.5 -47.3 18.1 -65.4 1.2 0.0 0.0 -81.1 -66.6 -14.5 -53.7 -68.2 54.3 6.7 -18.5 -59.4 119.6 7.5 8.7 4.6 -27.1 -6.6 -6.7 8.8 68.4 94.1 -22.6 -5.9

2006
99.1 38.7 137.8 0.0 0.0 50.7 50.7 188.5 2.1 2.1 0.0 79.4 70.7 152.2 286.1 336.8 -133.9 114.4 -284.0 522.6 322.5 33.5 474.7 551.1 551.1 0.0 555.9 -4.8 566.4 -14.9 26.8 -41.7 2.7 0.0 0.0 191.8 -44.4 236.2 -10.9 225.3 26.9 53.2 28.5 244.4 -8.8 -23.1 -4.8 139.1 102.8 -179.9 4.9 23.4 -6.5 1.5 -30.3 0.0 0.0 -7.6 -4.2 -4.5 21.0 116.1 -36.4 128.5 13.9

2007
99.1 -28.1 71.0 0.0 0.0 65.6 65.6 136.6 0.8 0.8 0.0 66.0 47.4 114.2 269.7 335.3 -155.5 88.8 -268.9 519.9 292.0 29.8 406.2 98.7 98.7 0.0 152.0 -53.3 155.1 -56.2 10.2 -66.4 0.5 0.0 0.0 -51.9 -66.9 15.0 -37.1 -22.1 48.0 42.3 24.8 472.3 -16.3 128.9 167.9 71.6 157.1 -18.1 10.3 11.5 -0.8 0.0 -93.5 0.0 0.0 -67.3 -6.7 -6.8 9.2 24.3 59.5 -82.1 7.2

2008
99.1 -72.2 26.9 0.0 0.0 0.0 0.0 26.9 0.7 0.7 0.0 104.2 0.0 104.9 153.2 153.2 -48.3 0.0 -152.5 129.6 75.2 178.1 180.1 0.0 0.0 0.0 0.0 0.0 2.0 -8.3 3.9 -12.2 39.4 0.0 0.0 -109.7 -51.6 -58.1 126.5 68.4 0.0 68.5 68.5 569.5 -6.8 47.0 184.9 27.1 0.0 -47.0 0.0 0.0 -323.0 0.0 -45.4 0.0 0.0 0.0 -1.2 -5.2 61.0 0.0 -82.1 -100.0 2.7

2009
99.1 -78.6 20.5 0.0 0.0 0.0 0.0 20.5 0.9 0.9 0.0 102.6 0.0 103.5 153.2 153.2 -49.7 0.0 -152.3 129.6 70.1 5.1 173.6 0.0 0.0 0.0 0.0 0.0 1.5 -6.3 0.1 -6.4 0.0 0.0 0.0 -6.4 -6.4 0.0 -1.3 -1.3 0.0 67.6 67.6 747.3 -3.7 100.0 100.0 20.7 0.0 -1.6 0.0 0.0 0.0 0.0 -31.2 0.0 0.0 0.0 -0.6 -0.6 6.8 0.0 -50.0 2.1

43

Dawood Lawrencepur Ltd. (Dawod Coton Mills)

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

350.8 3176.5 3527.3 0.0 0.0 122.1 122.1 3649.4 2411.7 102.2 2309.5 589.6 968.1 3969.4 804.6 926.7 3164.8 584.2 1607.1 1460.2 484.6 36.9 4454.0 1851.4 1761.2 90.2 1705.6 145.8 1834.6 178.0 15.2 162.8 14.1 87.7 0.0 2176.5 61.0 2115.5 97.9 2213.4 3.3 493.3 373.0 26.3 3.7 2.8 4.4 1005.5 99.1 8.5 0.8 2.6 8.7 15.8 4.6 169.6 2.5 8.8 4.6 4.2 11.6 41.6 24.3 146.6 100.6

2005
350.8 3510.2 3861.0 0.0 0.0 87.4 87.4 3948.4 2568.8 57.7 2511.1 495.1 1013.3 4077.2 874.7 962.1 3202.5 786.1 1694.1 1712.0 745.9 38.7 4823.1 1376.7 1238.8 137.9 1249.4 127.3 1352.5 530.3 30.5 499.8 13.0 0.0 35.1 299.0 486.8 -187.8 525.5 337.7 2.2 466.1 350.3 24.9 10.4 162.8 155.6 1100.6 98.2 5.8 2.2 3.9 2.6 20.7 12.9 0.0 36.3 14.2 13.9 8.0 28.5 208.7 -25.6 110.1

2006
385.8 5786.1 6171.9 0.0 0.0 45.7 45.7 6217.6 4772.7 34.4 4738.3 527.1 827.5 6127.3 711.3 757.0 5416.0 551.2 4061.4 1783.5 801.6 77.1 6928.9 1870.5 1850.4 20.1 1770.2 100.3 1918.9 72.7 75.8 -3.1 14.3 0.0 35.1 2269.2 -17.4 2286.6 59.7 2346.3 0.7 861.4 745.1 12.3 0.0 -0.8 2.5 1599.8 102.6 104.3 4.1 13.8 -461.3 17.5 -0.1 0.0 0.0 -0.2 -0.1 -0.5 10.3 27.0 -100.7 35.9 160.0

2007
385.8 5786.1 6171.9 0.0 0.0 45.7 45.7 6217.6 4772.7 34.4 4738.3 527.1 827.5 6127.3 711.3 757.0 5416.0 551.2 4061.4 1783.5 801.6 77.1 6928.9 1870.5 1850.4 20.1 1770.2 100.3 1918.9 72.7 75.8 -3.1 14.3 0.0 35.1 0.0 -17.4 17.4 59.7 77.1 0.7 861.4 745.1 12.3 0.0 0.0 77.4 1599.8 102.6 104.3 4.1 13.8 -461.3 17.5 -0.1 0.0 0.0 -0.2 -0.1 -0.5 10.3 27.0 0.0 0.0 160.0

2008
466.9 1115.9 1582.8 0.0 0.0 0.0 0.0 1582.8 66.3 62.0 4.3 1452.4 196.1 1714.8 208.3 208.3 1506.5 0.0 -142.0 464.6 76.3 24.2 1791.1 368.3 368.3 0.0 294.4 73.9 318.2 135.0 0.3 134.7 10.1 0.0 0.0 -4634.8 124.6 -4759.4 148.8 -4610.6 0.0 823.2 729.1 13.2 7.5 -2.7 -3.2 339.0 86.4 0.2 0.1 0.0 7.5 12.7 8.5 0.0 0.0 36.6 2.9 2.7 4.5 20.6 -3000.0 -80.3 33.9

2009
513.5 971.6 1485.1 0.0 0.0 0.0 0.0 1485.1 479.3 79.2 400.1 915.9 209.1 1604.3 184.3 184.3 1420.0 0.0 295.0 463.0 65.0 10.3 1669.3 350.4 350.4 0.0 273.9 76.5 315.0 -93.3 1.6 -94.9 9.2 0.0 0.0 -97.7 -104.1 6.4 -93.8 -87.4 0.0 870.5 757.0 12.4 -5.7 106.6 107.3 289.2 89.9 -1.7 0.5 0.0 -9.7 10.3 -6.4 0.0 0.0 -27.1 -1.8 -2.0 13.5 21.0 -162.1 -4.9 28.9

44

Dewan Farooque Spinning Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

-

2005
-

2006
600.0 6.8 606.8 0.0 0.0 495.9 495.9 1102.7 5.7 5.7 0.0 160.1 263.0 428.8 751.2 1247.1 -322.4 592.0 -745.5 1390.4 1425.0 59.7 1853.8 306.8 73.9 232.9 244.9 61.9 248.0 58.8 45.0 13.8 3.4 0.0 0.0 10.4 70.1 45.0 57.1 22.1 205.5 0.7 0.0 0.0 101.1 80.8 76.5 14.7 7.6 24.6 7.8 2.3 0.0 0.0 4.5 0.2 0.2 5.0 16.5 -80.0 10.1

2007
600.0 21.7 621.7 0.0 0.0 351.2 351.2 972.9 1.8 1.8 0.0 256.8 272.1 530.7 890.3 1241.5 -359.6 550.2 -888.5 1390.4 1332.6 140.1 1863.3 881.0 388.3 492.7 745.2 135.8 756.6 124.4 118.1 6.3 7.1 0.0 0.0 -129.8 -0.8 -129.0 139.3 10.3 36.1 59.6 29.0 199.7 0.3 0.6 1352.4 103.6 85.9 94.9 13.4 21.5 112.7 9.3 1.0 0.0 0.0 0.7 0.1 0.0 9.8 47.3 -50.0 187.2 10.4

2008
600.0 52.4 652.4 0.0 243.8 442.2 686.0 1338.4 10.0 2.0 8.0 217.5 325.3 552.8 488.4 1174.4 64.4 975.6 -478.4 1589.7 1273.8 126.4 1826.6 1015.8 383.8 632.0 894.8 121.0 946.2 69.6 108.0 -38.4 96.6 0.0 0.0 365.5 -135.0 500.5 -8.6 491.9 51.3 113.2 46.6 180.0 -2.1 -36.9 -1.7 108.7 93.1 155.2 10.6 11.1 -251.6 9.4 -5.9 0.0 0.0 -3.8 -0.6 -2.3 9.5 55.6 -700.0 15.3 10.9

2009
600.0 -224.3 375.7 0.0 162.5 224.2 386.7 762.4 6.5 6.5 0.0 225.6 359.0 591.1 1031.1 1417.8 -440.0 760.6 -1024.6 1638.9 1202.4 120.7 1793.5 920.4 522.1 398.3 974.8 -54.4 1016.3 -89.4 127.6 -217.0 4.0 0.0 0.0 -576.0 -221.0 -355.0 -100.3 -455.3 50.7 57.3 22.5 377.4 -12.1 38.4 22.0 62.6 110.4 -142.7 13.9 16.8 -1.8 8.2 -57.8 0.0 0.0 -23.6 -3.6 -3.7 9.5 51.3 500.0 -9.4 6.3

45

Dewan Khalid Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

42.7 264.9 307.6 0.0 0.0 85.9 85.9 393.5 72.2 7.2 65.0 192.2 432.3 696.7 544.5 630.4 152.2 395.4 -472.3 521.6 241.2 20.1 937.9 881.8 881.8 0.0 811.5 70.3 836.2 45.6 17.1 28.5 8.1 0.0 4.3 67.3 20.4 46.9 40.5 87.4 21.8 128.0 48.6 204.9 3.0 30.3 46.3 720.4 94.8 37.5 1.9 4.3 28.4 13.0 9.3 0.0 3.2 6.7 4.8 10.6 94.0 63.4 39.7 72.0

2005
47.0 264.2 311.2 0.0 0.0 64.5 64.5 375.7 68.7 3.7 65.0 176.9 545.3 790.9 692.0 756.5 98.9 429.8 -623.3 551.1 276.7 14.0 1067.6 374.1 365.3 8.8 322.8 51.3 339.3 34.8 22.1 12.7 4.8 0.0 4.3 -17.8 7.9 -25.7 21.9 -3.8 17.2 114.3 35.5 243.1 1.2 662.1 90.7 63.5 5.9 5.1 37.8 23.7 4.1 0.0 3.4 2.7 1.7 5.8 35.0 -59.7 -57.6 66.2

2006
51.7 241.6 293.3 0.0 0.0 36.0 36.0 329.3 68.4 3.4 65.0 172.5 583.1 824.0 794.7 830.7 29.3 402.6 -726.3 594.3 299.8 20.0 1123.8 811.8 720.7 91.1 707.2 104.6 749.1 62.7 48.7 14.0 5.8 5.2 0.0 -46.4 3.0 -49.4 23.0 -26.4 10.9 103.7 30.3 283.2 1.2 -6.5 -87.1 567.3 92.3 77.7 6.0 12.1 41.4 10.8 4.8 157.7 1.8 1.7 2.7 1.6 7.2 72.2 0.0 117.0 56.7

2007
56.8 513.1 569.9 0.0 0.0 20.0 20.0 589.9 342.6 2.0 340.6 149.1 657.2 1148.9 855.8 875.8 293.1 411.1 -513.2 476.4 296.9 19.0 1445.8 565.6 534.4 31.2 466.2 99.4 506.1 59.5 53.9 5.6 2.8 0.0 0.0 260.6 2.8 257.8 21.8 279.6 3.4 134.2 57.5 153.7 0.4 1.1 7.8 1003.3 89.5 90.6 9.5 13.1 50.0 11.5 1.0 0.0 0.0 1.0 1.0 0.5 6.3 39.1 -63.0 -30.3 100.3

2008
56.8 232.7 289.5 0.0 0.0 52.2 52.2 341.7 170.0 10.2 159.8 212.9 366.2 749.1 697.5 749.7 51.6 426.9 -527.5 584.9 290.1 18.7 1039.2 1205.9 1200.3 5.6 1173.2 32.7 1223.2 -17.3 56.2 -73.5 6.0 0.0 0.0 -248.2 -79.5 -168.7 -60.8 -229.5 15.3 107.4 54.9 259.0 -7.1 32.0 26.5 509.7 101.4 -324.9 4.7 13.2 -8.2 8.9 -25.4 0.0 0.0 -6.1 -12.9 -14.0 6.3 116.0 -1390.0 113.2 51.0

2009
56.8 -99.6 -42.8 0.0 0.0 0.0 0.0 -42.8 50.1 2.3 47.8 266.8 316.8 633.7 960.1 960.1 -326.4 381.5 -910.0 642.5 283.6 26.8 917.3 652.2 652.2 0.0 660.7 -8.5 706.0 -62.4 45.7 -108.1 0.0 0.0 0.0 -384.5 -108.1 -276.4 -81.3 -357.7 0.0 66.0 33.0 0.0 -11.8 28.1 22.7 -75.4 108.2 -73.2 7.0 12.0 0.0 30.3 0.0 0.0 0.0 -16.6 -19.0 -19.0 9.2 71.1 47.3 -45.9 -7.5

46

Dewan Mushtaq Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

25.8 165.9 191.7 0.0 0.0 107.8 107.8 299.5 43.6 3.6 40.0 161.6 650.9 856.1 979.5 1087.3 -123.4 371.0 -935.9 678.7 422.9 37.0 1279.0 1117.5 816.9 300.6 1030.5 87.0 1069.4 48.1 26.0 22.1 5.8 0.0 2.6 -40.5 16.3 -56.8 53.3 -3.5 36.0 87.4 20.9 567.2 1.7 743.0 95.7 54.1 2.3 7.0 26.2 4.5 11.5 0.0 2.0 8.6 6.3 8.9 87.4 1.2 49.0 74.3

2005
28.4 174.5 202.9 0.0 0.0 61.6 61.6 264.5 43.7 3.7 40.0 152.1 713.1 908.9 1055.5 1117.1 -146.6 388.5 -1011.8 698.3 411.1 32.0 1320.0 650.4 635.4 15.0 595.0 55.4 617.1 34.0 15.6 18.4 3.1 0.0 2.6 -35.0 15.3 -50.3 47.3 -3.0 23.3 86.1 18.6 550.6 1.4 714.4 94.9 45.9 2.4 4.0 16.8 6.4 9.1 0.0 2.8 6.5 5.4 7.6 49.3 -24.4 -41.8 71.4

2006
31.2 131.0 162.2 0.0 0.0 0.0 0.0 162.2 48.4 8.4 40.0 178.3 635.1 861.8 1091.0 1091.0 -229.2 307.1 -1042.6 719.6 391.4 40.9 1253.2 1066.8 987.5 79.3 971.2 95.6 1013.8 53.0 33.1 19.9 6.7 0.0 3.1 -102.3 13.2 -115.5 54.1 -61.4 0.0 79.0 20.8 672.6 1.6 -12.9 -88.1 519.9 95.0 62.5 3.1 10.8 33.7 7.2 12.3 0.0 0.0 1.9 6.4 4.2 9.9 85.1 -1.5 64.0 52.0

2007
34.3 307.8 342.1 0.0 0.0 0.0 0.0 342.1 221.1 11.5 209.6 220.3 571.1 1012.5 1038.8 1038.8 -26.3 274.5 -817.7 706.4 368.4 38.5 1380.9 1137.0 1046.3 90.7 1043.4 93.6 1093.3 44.4 28.6 15.8 10.7 0.0 0.0 179.9 5.1 174.8 43.6 218.4 0.0 97.5 42.5 303.7 1.1 2.8 20.0 997.4 96.2 64.4 2.5 10.4 67.7 11.0 4.6 0.0 0.0 1.4 4.6 1.5 9.8 82.3 -28.1 6.6 99.7

2008
34.3 188.4 222.7 0.0 0.0 0.0 0.0 222.7 126.1 27.8 98.3 174.2 257.2 557.5 673.5 673.5 -116.0 129.7 -547.4 738.8 338.6 35.9 896.1 1526.8 1446.4 80.4 1510.8 16.0 1528.6 -1.6 32.0 -33.6 7.9 0.0 0.0 -119.4 -41.5 -77.9 -5.6 -83.5 0.0 82.8 44.6 302.4 -3.7 34.8 6.7 649.3 100.1 -2000.0 2.1 24.7 -23.5 8.5 -15.1 0.0 0.0 -2.2 -9.8 -12.1 9.7 170.4 -313.0 34.3 64.9

2009
34.3 55.4 89.7 0.0 0.0 187.5 187.5 277.2 35.4 6.0 29.4 272.1 112.1 419.6 446.7 634.2 -27.1 421.3 -411.3 739.6 304.3 35.0 723.9 1033.7 1011.2 22.5 997.0 36.7 1036.8 -8.4 69.8 -78.2 0.3 0.0 0.0 54.5 -78.5 133.0 -43.5 89.5 67.6 93.9 68.8 707.0 -10.8 -144.0 -48.6 261.5 100.3 -831.0 6.8 16.6 -0.4 21.6 -87.2 0.0 0.0 -7.6 -22.8 -22.9 10.3 142.8 132.7 -32.3 26.2

47

Dewan Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

101.5 678.8 780.3 0.0 0.0 258.7 258.7 1039.0 216.8 6.8 210.0 756.2 1694.6 2667.6 2709.8 2968.5 -42.2 1888.4 -2493.0 1903.7 1081.1 94.8 3748.7 2860.0 1895.1 964.9 2614.1 245.9 2712.1 154.8 98.5 56.3 2.0 0.0 10.1 -118.7 54.3 -173.0 149.1 -23.9 24.9 98.4 35.9 380.4 1.5 768.8 94.8 63.6 3.4 5.2 3.6 0.0 7.2 0.0 2.0 5.5 5.3 9.2 76.3 57.1 1.1 76.9

2005
111.6 715.1 826.7 0.0 0.0 263.4 263.4 1090.1 213.3 3.3 210.0 450.6 1584.6 2248.5 2334.2 2597.6 -85.7 2009.1 -2120.9 2067.6 1175.7 69.2 3424.2 2007.3 1428.6 578.7 1792.4 214.9 1867.0 141.4 112.1 29.3 13.3 0.0 10.1 51.1 16.0 35.1 85.2 120.3 24.2 96.3 28.4 314.2 0.9 31.3 70.8 740.8 93.0 79.3 5.6 5.6 45.4 15.7 3.5 0.0 1.5 2.6 1.4 6.4 58.6 -52.7 -29.8 74.1

2006
122.8 1623.3 1746.1 0.0 0.0 193.1 193.1 1939.2 1169.4 1.4 1168.0 474.5 1456.9 3100.8 2393.1 2586.2 707.7 1777.5 -1223.7 2215.3 1231.5 92.0 4332.3 2320.8 2320.8 0.0 1973.8 347.0 2065.4 258.9 215.6 43.3 14.4 0.0 12.3 849.1 28.9 820.2 120.9 941.1 10.0 129.6 68.7 148.1 1.0 3.4 12.8 1421.9 89.0 83.3 9.3 12.1 33.3 15.3 2.5 0.0 0.0 1.9 3.5 2.4 7.8 53.6 34.6 15.6 142.2

2007
135.0 1613.4 1748.4 0.0 0.0 139.7 139.7 1888.1 1114.5 14.3 1100.2 520.4 1507.9 3142.8 2460.4 2600.1 682.4 1640.9 -1345.9 2128.8 1205.7 101.0 4348.5 2576.1 1595.1 981.0 2201.6 374.5 2309.4 271.3 244.8 26.5 13.2 0.0 0.0 -51.1 13.3 -64.4 114.3 49.9 7.4 127.7 66.4 148.7 0.6 -26.0 229.1 1295.1 89.6 90.2 9.5 14.9 49.8 16.7 1.5 0.0 0.0 1.0 2.0 1.0 8.2 59.2 -42.9 11.0 129.5

2008
135.0 815.6 950.6 0.0 0.0 745.2 745.2 1695.8 528.7 12.5 516.2 794.7 1714.9 3038.3 2621.3 3366.5 417.0 2499.1 -2092.6 2231.6 1278.8 109.3 4317.1 3232.7 1815.3 1417.4 3055.4 177.3 3171.4 73.2 285.9 -212.7 18.0 0.0 0.0 -192.3 -230.7 38.4 -121.4 -83.0 43.9 115.9 50.5 354.1 -4.9 120.0 146.3 704.1 98.1 390.6 8.8 11.4 -8.5 20.8 -22.4 0.0 0.0 -6.6 -15.8 -17.1 9.1 74.9 -890.0 25.5 70.4

2009
135.0 -193.4 -58.4 0.0 0.0 782.7 782.7 724.3 6.6 6.6 0.0 1298.6 1284.8 2590.0 3176.1 3958.8 -586.1 2937.6 -3169.5 24315.9 1310.5 111.3 3900.5 3113.8 3113.8 0.0 3339.2 -225.4 3493.3 -362.0 297.1 -659.1 17.4 0.0 0.0 -971.5 -676.5 -295.0 -565.2 -860.2 108.1 81.5 41.1 0.0 -16.9 69.6 65.7 -43.3 112.2 -82.1 9.5 10.1 -2.6 33.6 0.0 0.0 0.0 -21.2 -48.8 -50.1 8.7 79.8 208.9 -3.7 -4.3

48

Din Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

154.4 664.8 819.2 0.0 0.0 170.0 170.0 989.2 61.7 61.7 0.0 508.2 434.5 1004.4 838.2 1008.2 166.2 671.6 -776.5 1473.4 823.0 69.4 1827.4 1815.0 649.5 1165.5 1683.4 131.6 1751.6 66.1 28.8 37.3 14.6 0.0 0.0 120.5 22.7 97.8 92.1 189.9 17.2 119.8 68.0 123.1 2.0 18.8 48.5 530.6 96.5 43.6 1.6 4.3 39.1 18.7 4.6 0.0 2.1 2.4 1.5 9.9 99.3 -70.0 13.9 53.1

2005
185.3 721.4 906.7 0.0 0.0 1250.1 1250.1 2156.8 18.8 18.8 0.0 330.3 735.6 1084.7 1081.4 2331.5 3.3 2076.3 -1062.6 2852.6 2153.5 92.0 3238.2 1443.0 1200.2 242.8 1323.9 119.1 1364.9 81.6 59.0 22.6 6.5 0.0 3.1 1167.6 16.1 1151.5 108.1 1259.6 58.0 100.3 32.3 257.1 0.7 1.4 8.6 489.3 94.6 72.3 4.1 2.8 28.8 17.2 2.5 0.0 1.6 1.2 0.9 11.2 44.6 -50.0 -20.5 48.9

2006
185.3 539.6 724.9 0.0 0.0 665.3 665.3 1390.2 25.9 25.9 0.0 363.1 538.3 927.3 1657.6 2322.9 -730.3 1479.4 -1631.7 3026.2 2120.6 213.8 3047.9 2510.9 2504.5 6.4 2277.3 233.6 2341.6 177.3 142.6 34.7 2.0 0.0 0.0 -766.6 32.7 -799.3 246.5 -552.8 47.9 55.9 23.5 320.4 1.1 -4.3 -44.6 391.2 93.3 80.4 5.7 9.6 5.8 8.5 4.8 0.0 0.0 1.4 1.9 1.8 9.9 82.4 58.3 74.0 39.1

2007
185.3 705.9 891.2 0.0 0.0 503.1 503.1 1394.3 8.6 8.6 0.0 503.4 644.7 1156.7 1767.7 2270.8 -611.0 1275.3 -1759.1 3115.8 2005.4 210.7 3162.1 2772.4 1295.1 1477.3 2479.0 293.4 2552.6 227.5 137.0 90.5 20.3 0.0 0.0 4.1 70.2 -66.1 280.9 214.8 36.1 65.4 29.0 254.8 2.9 1712.2 130.8 480.9 92.1 60.2 4.9 10.7 22.4 0.0 10.2 0.0 0.0 3.3 4.9 3.8 9.9 87.7 157.9 10.4 48.1

2008
185.3 887.7 1073.0 0.0 0.0 263.8 263.8 1336.8 23.6 23.6 0.0 646.7 559.3 1229.6 1791.9 2055.7 -562.3 1035.0 -1768.3 3207.3 1899.2 200.1 3128.8 3101.1 1504.1 1597.0 2765.9 335.2 2864.5 246.6 114.2 132.4 15.8 0.0 0.0 -57.5 116.6 -174.1 316.7 142.6 19.7 68.6 37.4 191.6 4.2 -202.8 222.1 579.1 92.4 46.3 3.7 11.0 11.9 13.4 12.3 0.0 0.0 4.3 7.1 6.3 10.0 99.1 44.9 11.9 57.9

2009
185.3 917.4 1102.7 0.0 0.0 519.5 519.5 1622.2 14.4 14.4 0.0 900.8 515.3 1430.5 1544.7 2064.2 -114.2 637.3 -1530.3 3224.6 1736.5 187.2 3167.0 3712.4 2297.1 1415.3 3324.9 387.5 3494.8 227.3 142.5 84.8 12.0 0.0 0.0 285.4 72.8 212.6 260.0 472.6 32.0 92.6 59.2 187.2 2.7 25.5 55.0 595.1 94.1 62.7 3.8 22.4 14.2 15.1 7.7 0.0 0.0 2.3 4.6 3.9 9.9 117.2 -35.2 19.7 59.5

49

Elahi Cotton Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

13.0 -89.4 -76.4 0.0 0.0 46.7 46.7 -29.7 0.0 0.0 0.0 3.1 0.0 3.1 85.0 131.7 -81.9 49.7 -85.0 69.6 52.2 2.9 55.3 2.1 2.1 0.0 5.2 -3.1 6.8 -3.6 2.4 -6.0 0.0 0.0 0.0 -16.5 -6.0 -10.5 -3.1 -13.6 3.6 3.6 -10.8 -587.7 323.8 114.3 4.8 0.0 -285.7 -4.6 -4.6 5.2 3.8 -9.8 5.0 -58.8

2005
13.0 -48.3 -35.3 0.0 0.0 18.9 18.9 -16.4 0.2 0.2 0.0 2.0 2.8 5.0 70.8 89.7 -65.8 49.4 -70.6 115.6 49.4 1.9 54.4 9.8 9.8 0.0 11.7 -1.9 13.1 42.9 1.8 41.1 0.1 0.0 0.0 13.3 41.0 -27.7 42.9 15.2 7.1 3.1 75.6 308.3 282.2 -271.5 133.7 4.2 18.4 3.6 0.2 0.0 419.4 31.6 31.5 3.6 18.0 -787.0 366.7 -27.2

2006
13.0 -55.5 -42.5 0.0 0.0 3.8 3.8 -38.7 0.6 0.6 0.0 2.8 4.2 7.6 93.0 96.8 -85.4 35.5 -92.4 106.2 46.7 2.3 54.3 71.1 71.1 0.0 72.5 -1.4 74.5 -0.7 2.4 -3.1 0.4 0.0 0.0 -22.3 -3.5 -18.8 -1.2 -20.0 0.0 8.2 3.7 0.0 -5.7 15.7 6.0 -326.9 104.8 -342.9 3.4 6.8 -12.9 0.0 0.0 0.0 0.0 -4.4 -2.4 -2.7 4.7 130.9 -107.6 625.5 -32.7

2007
13.0 -59.6 -46.6 0.0 0.0 0.0 0.0 -46.6 1.1 1.1 0.0 2.3 3.3 6.7 98.6 98.6 -91.9 23.9 -97.5 104.5 45.3 2.1 52.0 109.7 109.7 0.0 111.3 -1.6 112.7 -2.2 2.4 -4.6 0.6 0.0 0.0 -7.9 -5.2 -2.7 -3.1 -5.8 0.0 6.8 3.4 0.0 -8.8 65.8 53.4 -358.5 102.7 -109.1 2.2 10.0 -13.0 0.0 0.0 0.0 0.0 -4.2 -3.5 -4.0 4.5 211.0 45.8 54.3 -35.8

2008
13.0 -45.7 -32.7 0.0 0.0 4.5 4.5 -28.2 0.6 0.6 0.0 1.8 4.7 7.1 78.7 83.2 -71.6 4.5 -78.1 104.0 43.4 1.9 50.5 148.2 148.2 0.0 150.5 -2.3 151.9 15.4 0.2 15.2 0.7 0.0 0.0 18.4 14.5 3.9 16.4 20.3 0.0 9.0 3.0 0.0 30.1 78.8 80.8 -251.5 102.5 1.3 0.1 4.4 4.6 0.0 0.0 0.0 0.0 10.3 11.7 11.2 4.2 293.5 -434.3 35.1 -25.2

2009
13.0 -49.9 -36.9 0.0 0.0 0.0 0.0 -36.9 0.6 0.6 0.0 2.0 4.2 6.8 85.6 85.6 -78.8 0.0 -85.0 100.8 41.8 1.7 48.6 139.7 139.7 0.0 143.2 -3.5 145.0 -3.9 0.8 -4.7 0.0 0.0 0.0 -8.7 -4.7 -4.0 -3.0 -7.0 0.0 7.9 3.0 0.0 -9.7 54.0 42.9 -283.8 103.8 -20.5 0.6 0.0 0.0 0.0 0.0 0.0 0.0 -3.4 -3.6 -3.6 3.9 287.4 -130.8 -5.7 -28.4

50

Ellcot Spinning Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

109.5 221.1 330.6 0.0 0.0 446.7 446.7 777.3 56.3 6.3 50.0 130.1 308.0 494.4 502.7 949.4 -8.3 763.0 -446.4 1124.3 785.5 61.9 1279.9 1200.4 1038.3 162.1 1060.7 139.7 1104.4 97.6 0.4 97.2 5.3 0.0 0.0 314.1 91.9 222.2 153.8 376.0 57.5 98.3 37.1 287.2 7.6 29.3 40.9 301.9 92.0 0.4 0.0 0.1 5.5 5.0 29.4 0.0 8.1 8.9 8.4 13.1 93.8 85.4 45.5 30.2

2005
109.5 282.0 391.5 0.0 0.0 517.0 517.0 908.5 49.2 49.2 0.0 146.3 281.5 477.0 455.1 972.1 21.9 825.1 -405.9 1278.8 886.5 35.5 1363.5 1003.0 868.7 134.3 867.3 135.7 902.9 101.4 36.0 65.4 4.5 21.9 0.0 131.2 39.0 92.2 74.5 166.7 56.9 104.8 43.0 248.3 4.8 29.7 44.7 357.5 90.0 35.5 3.6 4.4 6.9 4.1 16.7 278.1 5.6 6.5 6.0 5.6 4.5 73.6 -32.6 -16.4 35.8

2006
109.5 284.1 393.6 0.0 0.0 451.2 451.2 844.8 73.4 73.4 0.0 105.6 249.5 428.5 473.8 925.0 -45.3 825.9 -400.4 1331.0 890.2 87.7 1318.7 1489.2 1489.2 0.0 1291.8 197.4 1336.2 156.6 81.8 74.8 7.5 16.4 0.0 -63.7 50.9 -114.6 138.6 24.0 53.4 90.4 37.8 235.0 5.7 -79.9 577.5 359.5 89.7 52.2 5.5 9.9 10.0 3.3 19.0 410.4 4.2 5.0 6.8 6.1 9.7 112.9 13.3 48.5 35.9

2007
109.5 331.6 441.1 0.0 0.0 585.7 585.7 1026.8 114.3 114.3 0.0 294.2 304.5 713.0 662.2 1247.9 50.8 1056.9 -547.9 1495.2 975.9 89.5 1688.9 1608.3 1082.3 526.0 1412.1 196.2 1472.7 144.2 79.5 64.7 8.0 0.0 0.0 182.0 56.7 125.3 146.2 271.5 57.0 107.7 61.7 282.9 3.8 31.2 53.8 402.8 91.6 55.1 4.9 7.5 12.4 6.1 14.7 0.0 0.0 4.0 5.9 5.2 10.1 95.2 -13.2 8.0 40.3

2008
109.5 374.8 484.3 0.0 0.0 471.7 471.7 956.0 53.6 53.6 0.0 230.0 565.5 849.1 850.5 1322.2 -1.4 1119.6 -796.9 1578.5 957.4 99.7 1806.5 1841.5 1226.0 615.5 1574.0 267.5 1670.7 179.0 94.7 84.3 9.2 0.0 0.0 -70.8 75.1 -145.9 174.8 28.9 49.3 99.8 33.3 273.0 4.7 -106.1 604.8 442.3 90.7 52.9 5.1 8.5 10.9 7.9 17.4 0.0 0.0 4.6 7.7 6.9 10.2 101.9 30.5 14.5 44.2

2009
109.5 359.4 468.9 0.0 0.0 407.7 407.7 876.6 16.3 16.3 0.0 321.6 583.0 920.9 949.1 1356.8 -28.2 1185.0 -932.8 1621.7 904.7 97.4 1825.6 2427.5 1907.1 520.4 2167.9 259.6 2245.5 185.3 180.1 5.2 6.3 8.2 0.0 -79.4 -9.3 -70.1 88.1 18.0 46.5 97.0 35.6 289.4 0.3 11.7 489.4 428.2 92.5 97.2 7.4 15.2 121.2 0.0 1.1 -13.4 1.7 0.2 0.5 -0.1 10.2 133.0 -93.5 31.8 42.8

51

Faisal Spinning Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

100.0 502.9 602.9 0.0 0.0 879.8 879.8 1482.7 39.4 27.5 11.9 328.7 316.8 684.9 792.9 1672.7 -108.0 1284.5 -753.5 2062.8 1590.7 112.1 2275.6 3018.7 517.5 2501.2 2810.9 207.8 2898.6 124.7 51.5 73.2 33.0 7.5 0.0 398.9 32.7 366.2 144.8 511.0 59.3 86.4 46.4 277.4 3.2 8.2 28.3 602.9 96.0 41.3 1.7 4.0 45.1 5.2 12.1 536.0 1.2 2.4 7.3 4.0 10.3 132.7 -40.7 61.9 60.3

2005
100.0 619.0 719.0 0.0 0.0 740.6 740.6 1459.6 27.7 15.8 11.9 377.0 698.4 1103.1 1360.3 2100.9 -257.2 1851.3 -1332.6 2258.8 1716.8 99.7 2819.9 2457.8 514.0 1943.8 2154.6 303.2 2235.5 224.7 83.0 141.7 26.3 7.5 0.0 -23.1 107.9 -131.0 207.6 76.6 50.7 81.1 29.8 292.2 5.0 271.0 719.0 91.0 36.9 3.4 4.5 18.6 6.9 19.7 1538.7 1.0 5.8 14.2 11.5 6.3 87.2 94.5 -18.6 71.9

2006
100.0 748.1 848.1 0.0 0.0 967.0 967.0 1815.1 140.8 29.5 111.3 241.5 588.1 970.4 827.3 1794.3 143.1 1573.5 -686.5 2377.5 1672.0 180.4 2642.4 3236.5 560.1 2676.4 2843.2 393.3 2939.7 321.9 189.3 132.6 43.8 7.5 0.0 355.5 81.3 274.2 261.7 535.9 53.3 117.3 46.2 211.6 5.0 22.9 48.8 848.1 90.8 58.8 5.8 12.0 33.0 4.9 15.6 1184.0 0.9 4.1 13.3 8.9 10.5 122.5 -6.3 31.7 84.8

2007
100.0 927.9 1027.9 0.0 0.0 631.4 631.4 1659.3 154.3 24.2 130.1 404.5 685.8 1244.6 1310.6 1942.0 -66.0 1425.4 -1156.3 2605.6 1725.3 179.0 2969.9 3396.5 1523.0 1873.5 3040.3 356.2 3123.0 293.9 180.9 113.0 25.6 0.0 0.0 -155.8 87.4 -243.2 266.4 23.2 38.1 95.0 42.6 188.9 3.8 -56.1 1148.3 1027.9 91.9 61.6 5.3 12.7 22.7 8.6 11.0 0.0 0.0 3.3 11.3 8.7 10.7 114.4 -15.0 4.9 102.8

2008
100.0 957.2 1057.2 0.0 0.0 559.4 559.4 1616.6 167.4 26.6 140.8 392.8 877.9 1438.1 1425.3 1984.7 12.8 1461.9 -1257.9 2667.0 1603.7 184.3 3041.8 3725.5 1722.9 2002.6 3353.5 372.0 3449.2 296.1 188.5 107.6 27.8 1.0 37.0 -42.7 78.8 -121.5 263.1 141.6 34.6 100.9 39.3 187.7 3.5 -184.5 185.8 1057.2 92.6 63.7 5.1 12.9 25.8 7.1 10.2 7980.0 0.1 2.9 10.8 8.0 10.7 122.5 -4.4 9.7 105.7

2009
100.0 1024.8 1124.8 0.0 0.0 380.4 380.4 1505.2 166.3 13.3 153.0 379.8 823.0 1369.1 1325.8 1706.2 43.3 1386.3 -1159.5 2685.0 1461.9 164.6 2831.0 4271.9 1587.3 2684.6 3826.7 445.2 3926.9 358.7 264.7 94.0 29.6 7.5 0.0 -111.4 56.9 -168.3 221.5 53.2 25.3 103.3 41.2 151.7 3.3 -51.1 416.4 1124.8 91.9 73.8 6.2 19.1 31.5 5.5 8.4 858.7 0.7 2.2 9.4 6.4 10.3 150.9 -13.0 14.7 112.5

52

Fateh Sports Wear Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

20.0 -22.5 -2.5 0.0 0.0 0.0 0.0 -2.5 0.0 0.0 0.0 228.3 21.4 249.7 287.7 287.7 -38.0 113.5 -287.7 94.1 35.3 3.2 285.0 0.0 0.0 0.0 0.0 0.0 3.4 1.8 13.1 -11.3 0.0 0.0 0.0 -11.4 -11.3 -0.1 -8.1 -8.2 86.8 79.4 -4.0 -12.5 727.8 11.5 -5.7 -5.7 8.3 0.0 470.0 -100.0 -1.3

2005
20.0 -44.2 -24.2 0.0 0.0 0.0 0.0 -24.2 0.0 0.0 0.0 215.7 30.2 245.9 298.8 298.8 -52.9 111.7 -298.8 94.1 28.6 2.8 274.5 0.0 0.0 0.0 0.0 0.0 12.8 -8.4 13.2 -21.6 0.0 0.0 0.0 -21.7 -21.6 -0.1 -18.8 -18.9 82.3 72.2 -7.9 -121.0 11.8 -10.8 -10.8 7.9 0.0 89.5 -12.1

2006
20.0 -61.0 -41.0 0.0 0.0 0.0 0.0 -41.0 0.0 0.0 0.0 226.6 18.0 244.6 312.2 312.2 -67.6 111.7 -312.2 94.1 26.5 2.1 271.1 0.0 0.0 0.0 0.0 0.0 5.3 -3.6 13.2 -16.8 0.0 0.0 0.0 -16.8 -16.8 0.0 -14.7 -14.7 0.0 78.3 72.6 0.0 -6.2 100.0 100.0 -205.0 0.0 -366.7 0.0 11.8 0.0 0.0 0.0 0.0 0.0 0.0 -8.4 -8.4 7.3 0.0 -22.2 -20.5

2007
20.0 -85.0 -65.0 0.0 0.0 0.0 0.0 -65.0 0.0 0.0 0.0 224.7 14.8 239.5 329.0 329.0 -89.5 100.3 -329.0 94.1 24.6 1.9 264.1 0.0 0.0 0.0 0.0 0.0 8.3 -7.4 16.5 -23.9 0.0 0.0 0.0 -24.0 -23.9 -0.1 -22.0 -22.1 0.0 72.8 68.3 0.0 -9.0 99.6 99.5 -325.0 0.0 -223.0 0.0 16.5 0.0 0.0 0.0 0.0 0.0 0.0 -12.0 -12.0 7.2 0.0 42.9 -32.5

2008
20.0 -82.5 -62.5 0.0 0.0 0.0 0.0 -62.5 0.0 0.0 0.0 250.4 6.0 256.4 341.7 341.7 -85.3 89.3 -341.7 34.1 22.9 1.7 279.3 0.0 0.0 0.0 0.0 0.0 12.9 14.8 12.3 2.5 0.0 0.0 0.0 2.5 2.5 0.0 4.2 4.2 0.0 75.0 73.3 0.0 0.9 100.0 100.0 -312.5 0.0 83.1 0.0 13.8 0.0 0.0 0.0 0.0 0.0 0.0 1.3 1.3 6.9 0.0 -110.8 -31.3

2009
20.0 -59.0 -39.0 0.0 0.0 0.0 0.0 -39.0 0.0 0.0 0.0 294.1 6.0 300.1 360.4 360.4 -60.3 89.3 -360.4 94.1 21.3 1.5 321.4 0.0 0.0 0.0 0.0 0.0 4.0 41.8 18.4 23.4 0.0 0.0 0.0 23.5 23.4 0.1 24.9 25.0 0.0 83.3 81.6 0.0 7.3 99.6 99.6 -195.0 0.0 44.0 0.0 20.6 0.0 0.0 0.0 0.0 0.0 0.0 11.7 11.7 6.6 0.0 800.0 -19.5

53

Fateh Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

12.5 1613.9 1626.4 0.0 0.0 2055.8 2055.8 3682.2 582.8 59.1 523.7 2750.2 2267.8 5600.8 3201.1 5256.9 2399.7 3582.2 -2618.3 2903.1 1282.5 94.1 6883.3 7631.2 7631.2 0.0 6720.7 910.5 6988.3 651.0 418.6 232.4 38.0 9.4 0.0 219.0 185.0 34.0 279.1 313.1 55.8 175.0 104.1 323.2 3.4 84.5 89.1 13011.2 91.6 64.3 5.5 11.7 16.4 23.8 14.3 2068.1 0.6 3.0 185.9 155.5 6.9 110.9 19.0 6.3 1301.1

2005
12.5 1737.7 1750.2 0.0 0.0 1905.1 1905.1 3655.3 548.5 24.8 523.7 2511.6 2492.3 5552.4 3179.4 5084.5 2373.0 3572.8 -2630.9 3004.5 1282.4 74.6 6834.8 5919.7 5919.7 0.0 5285.0 634.7 5514.8 430.4 290.3 140.1 32.0 9.4 0.0 -26.9 98.7 -125.6 173.3 47.7 52.1 174.6 96.2 290.5 2.0 363.3 14001.6 93.2 67.4 4.9 8.1 22.8 32.3 8.0 1150.0 0.5 2.4 112.1 86.5 5.8 86.6 -39.7 -22.4 1400.2

2006
12.5 2800.0 2812.5 0.0 0.0 1865.3 1865.3 4677.8 567.1 40.6 526.5 2582.6 2114.2 5263.9 3052.9 4918.2 2211.0 3505.4 -2485.8 4376.1 2466.7 105.2 7730.6 6730.7 6730.7 0.0 6063.8 666.9 6513.9 450.5 311.8 138.7 38.0 9.4 0.0 1022.5 91.3 931.2 196.5 1127.7 39.9 172.4 103.2 174.9 1.8 8.9 17.4 22500.0 96.8 69.2 4.6 8.9 27.4 31.7 4.9 1071.3 0.3 2.1 111.0 80.6 7.6 87.1 -1.0 13.7 2250.0

2007
12.5 2769.1 2781.6 0.0 0.0 1644.9 1644.9 4426.5 585.0 56.9 528.1 2768.1 2267.6 5620.7 3494.4 5139.3 2126.3 3530.4 -2909.4 4384.7 2300.1 105.7 7920.8 6343.5 6343.5 0.0 5799.3 544.2 6004.3 461.3 359.6 101.7 51.0 0.0 0.0 -251.3 50.7 -302.0 156.4 -145.6 37.2 160.8 96.0 184.8 1.3 -20.2 -107.4 22252.8 94.7 78.0 5.7 10.2 50.1 36.8 3.7 0.0 0.0 1.6 81.4 40.6 4.3 80.1 -26.7 -5.8 2225.3

2008
12.5 2699.2 2711.7 0.0 0.0 1501.5 1501.5 4213.2 538.6 12.6 526.0 4089.3 2125.6 6753.5 4680.5 6182.0 2073.0 4210.1 -4141.9 4386.0 2140.1 94.9 8893.6 4794.2 850.4 3943.8 4350.4 443.8 4479.8 427.7 390.1 37.6 29.5 9.4 0.0 -213.3 -1.3 -212.0 93.6 -118.4 35.6 144.3 98.9 228.0 0.4 0.6 -79.1 21693.6 93.4 91.2 8.1 9.3 78.5 80.3 1.4 86.2 0.3 0.8 30.1 6.5 4.1 53.9 -63.0 -24.4 2169.4

2009
12.5 2670.4 2682.9 0.0 0.0 1263.8 1263.8 3946.7 535.4 11.0 524.4 5214.4 1761.6 7511.4 5672.9 6936.7 1838.5 5084.8 -5137.5 4499.1 2108.2 85.1 9619.6 3051.0 3051.0 0.0 2971.8 79.2 3087.3 467.9 428.8 39.1 5.0 1.3 0.0 -266.5 32.8 -299.3 117.9 -181.4 32.0 132.4 101.4 258.6 0.4 -12.3 -65.0 21463.2 101.2 91.6 14.1 8.4 12.8 162.2 1.5 2623.1 0.0 1.3 31.3 27.3 4.0 31.7 4.0 -36.4 2146.3

54

Fatima Enterprises Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

142.3 285.4 427.7 0.0 0.0 475.8 475.8 903.5 28.2 24.7 3.5 729.6 841.6 1599.4 1806.9 2282.7 -207.5 477.0 -1778.7 1832.6 1110.9 117.3 2710.3 5372.4 4118.6 1253.8 5065.9 306.5 5144.0 244.7 102.6 142.1 47.0 0.0 0.0 107.7 95.1 12.6 212.4 225.0 52.7 88.5 41.9 533.7 5.2 88.3 94.4 300.6 95.7 41.9 1.9 21.5 33.1 4.3 33.2 0.0 2.6 10.0 6.7 11.0 198.2 81.8 8.0 30.1

2005
142.3 741.0 883.3 0.0 0.0 417.8 417.8 1301.1 131.5 72.9 58.6 615.1 1387.1 2133.7 2359.8 2777.6 -226.1 2241.5 -2228.3 2341.5 1527.1 90.3 3660.8 3833.0 2598.9 1234.1 3568.5 264.5 3623.5 212.3 118.0 94.3 43.6 0.0 0.0 397.6 50.7 346.9 141.0 487.9 32.1 90.4 31.6 314.5 2.6 12.8 28.9 620.7 94.5 55.6 3.1 5.3 46.2 7.4 10.7 0.0 2.5 6.6 3.6 8.1 104.7 -34.0 -28.7 62.1

2006
142.3 611.2 753.5 0.0 0.0 1010.1 1010.1 1763.6 190.1 131.5 58.6 1538.1 1421.7 3149.9 3394.8 4404.9 -244.9 3579.0 -3204.7 2940.6 2008.5 119.3 5158.4 5347.7 3765.7 1582.0 5090.6 257.1 5156.7 220.2 255.4 -35.2 37.7 0.0 0.0 462.5 -72.9 535.4 46.4 581.8 57.3 92.8 50.9 584.6 -0.7 -15.8 8.0 529.5 96.4 116.0 4.8 7.1 -107.1 7.0 -4.7 0.0 0.0 -0.7 -2.5 -5.1 7.8 103.7 -137.9 39.5 53.0

2007
142.3 618.3 760.6 0.0 0.0 1266.6 1266.6 2027.2 155.3 97.1 58.2 1358.3 2104.9 3618.5 4449.4 5716.0 -830.9 4475.7 -4294.1 3934.2 2858.2 151.8 6476.7 6782.4 5407.6 1374.8 6306.6 475.8 6386.4 401.1 374.1 27.0 20.0 0.0 0.0 263.6 7.0 256.6 158.8 415.4 62.5 81.3 34.0 751.5 0.4 2.7 38.2 534.5 94.2 93.3 5.5 8.4 74.1 9.8 3.5 0.0 0.0 0.4 1.9 0.5 7.6 104.7 -176.0 26.8 53.5

2008
142.3 856.9 999.2 0.0 0.0 1331.0 1331.0 2330.2 155.6 154.8 0.8 1514.5 3562.3 5232.4 6173.2 7504.2 -940.8 6005.5 -6017.6 4601.2 3271.0 252.8 8503.4 9736.4 8167.3 1569.1 8999.8 736.6 9109.6 696.3 580.6 115.7 49.1 7.1 0.0 303.0 59.5 243.5 312.3 555.8 57.1 84.8 27.1 751.0 1.4 19.6 56.2 702.2 93.6 83.4 6.0 9.7 42.4 6.9 11.6 938.0 0.7 1.2 8.1 4.7 8.8 114.5 326.3 43.6 70.2

2009
142.3 1686.7 1829.0 0.0 0.0 1393.7 1393.7 3222.7 231.5 173.0 58.5 1245.3 3293.7 4770.5 5878.0 7271.7 -1107.5 1529.8 -5646.5 5822.9 4330.2 157.2 9100.7 7654.5 5868.8 1785.7 6735.4 919.1 6853.1 1298.8 797.1 501.7 46.5 0.0 0.0 892.5 455.2 437.3 612.4 1049.7 43.2 81.2 25.1 397.6 5.5 51.0 58.3 1285.3 89.5 61.4 10.4 52.1 9.3 4.3 27.4 0.0 0.0 6.6 35.3 32.0 4.8 84.1 335.8 -21.4 128.5

55

Fawad Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

92.1 59.5 151.6 0.0 0.0 90.6 90.6 242.2 1.4 1.4 0.0 88.4 67.8 157.6 141.8 232.4 15.8 149.0 -140.4 486.2 226.4 22.5 384.0 621.9 456.9 165.0 593.9 28.0 606.2 16.2 12.9 3.3 2.8 0.0 0.0 -21.7 0.5 -22.2 23.0 0.8 37.4 111.1 63.3 153.3 0.9 2875.0 164.6 97.5 79.6 2.1 8.7 84.8 0.0 2.2 0.0 0.5 0.4 0.1 9.7 162.0 -60.0 11.7 16.5

2005
92.1 77.4 169.5 0.0 0.0 71.5 71.5 241.0 3.1 3.1 0.0 77.9 63.9 144.9 160.4 231.9 -15.5 145.1 -157.3 531.1 256.6 15.2 401.5 438.2 252.9 185.3 407.4 30.8 423.7 14.9 11.5 3.4 2.1 0.0 0.0 -1.2 1.3 -2.5 16.5 14.0 29.7 90.3 50.5 136.8 0.8 117.9 184.0 96.7 77.2 2.6 7.9 61.8 8.9 2.0 0.0 0.8 0.4 0.1 6.7 109.1 0.0 -29.5 18.4

2006
92.1 408.0 500.1 0.0 0.0 57.4 57.4 557.5 0.7 0.7 0.0 132.9 174.5 308.1 356.2 413.6 -48.1 358.5 -355.5 895.8 605.6 26.8 913.7 571.0 571.0 0.0 523.1 47.9 540.3 34.4 25.0 9.4 4.6 0.0 0.0 316.5 4.8 311.7 31.6 343.3 10.3 86.5 37.5 82.7 1.0 1.5 9.2 543.0 94.6 72.7 4.4 7.0 48.9 14.9 1.9 0.0 0.0 1.6 1.0 0.5 10.4 62.5 150.0 30.3 54.3

2007
92.1 266.3 358.4 0.0 0.0 3.0 3.0 361.4 3.0 3.0 0.0 222.9 143.0 368.9 577.8 580.8 -208.9 283.7 -574.8 914.4 570.5 46.3 939.4 597.3 416.0 181.3 535.0 62.3 556.6 44.7 38.4 6.3 4.8 0.0 0.0 -196.1 1.5 -197.6 47.8 -149.8 0.8 63.8 39.1 162.1 0.7 -0.8 -31.9 389.1 93.2 85.9 6.4 13.5 76.2 19.0 1.8 0.0 0.0 1.1 0.7 0.2 7.6 63.6 -30.0 4.6 38.9

2008
92.1 412.1 504.2 0.0 0.0 173.6 173.6 677.8 0.8 0.8 0.0 199.0 566.6 766.4 682.7 856.3 83.7 746.9 -681.9 987.9 594.2 50.3 1360.6 579.3 579.3 0.0 505.0 74.3 521.8 64.6 59.2 5.4 2.9 0.0 0.0 316.4 2.5 313.9 52.8 366.7 25.6 112.3 29.3 169.8 0.4 0.8 14.4 547.4 90.1 91.6 10.2 7.9 53.7 15.9 1.1 0.0 0.0 0.9 0.6 0.3 8.8 42.6 -14.3 -3.0 54.7

2009
92.1 412.1 504.2 0.0 0.0 173.6 173.6 677.8 0.8 0.8 0.0 199.0 566.6 766.4 682.7 856.3 83.7 746.9 -681.9 987.9 594.2 50.3 1360.6 579.3 579.3 0.0 505.0 74.3 521.8 64.6 59.2 5.4 2.9 0.0 0.0 0.0 2.5 -2.5 52.8 50.3 25.6 112.3 29.3 169.8 0.4 0.0 105.0 547.4 90.1 91.6 10.2 7.9 53.7 15.9 1.1 0.0 0.0 0.9 0.6 0.3 8.8 42.6 0.0 0.0 54.7

56

Fazal Cloth Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

123.6 642.7 766.3 0.0 37.5 1004.5 1042.0 1808.3 9.6 9.6 0.0 458.5 1044.0 1512.1 1658.8 2700.8 -146.7 2095.2 -1649.2 2887.6 1954.9 200.1 3467.0 4170.1 2239.0 1931.1 3732.3 437.8 3892.5 278.5 97.6 180.9 24.8 0.0 24.7 679.0 156.1 522.9 356.2 879.1 57.6 91.2 28.2 352.4 5.2 23.0 40.5 620.0 93.3 35.0 2.3 4.7 13.7 5.7 23.6 0.0 4.3 14.6 12.6 16.4 120.3 16.8 31.3 62.0

2005
148.3 804.5 952.8 0.0 0.0 1213.7 1213.7 2166.5 175.8 175.8 0.0 815.1 1187.3 2178.2 2174.9 3388.6 3.3 2981.7 -1999.1 3250.2 2163.3 163.6 4341.5 3654.0 1675.7 1978.3 3077.3 576.7 3281.2 373.3 150.9 222.4 24.7 0.0 24.7 358.2 197.7 160.5 361.3 521.8 56.0 100.2 45.6 355.6 5.1 55.2 69.2 642.5 89.8 40.4 4.1 5.1 11.1 5.9 23.3 0.0 6.1 15.0 13.3 8.4 84.2 2.7 -12.4 64.2

2006
163.1 935.1 1098.2 250.0 0.0 1398.4 1648.4 2746.6 580.3 327.3 253.0 591.4 1402.4 2574.1 2397.3 4045.7 176.8 3103.1 -1817.0 3626.8 2569.8 250.0 5143.9 5238.2 2459.4 2778.8 4512.0 726.2 4741.4 498.1 317.0 181.1 41.7 0.0 14.8 580.1 139.4 440.7 389.4 830.1 60.0 107.4 48.9 368.4 3.5 24.0 46.9 673.3 90.5 63.6 6.1 10.2 23.0 7.5 16.5 0.0 0.0 3.5 11.1 8.5 11.6 101.8 -26.0 43.4 67.3

2007
187.6 842.9 1030.5 250.0 0.0 230.9 480.9 1511.4 546.7 293.7 253.0 899.8 1345.3 2791.8 6833.9 7314.8 -4042.1 1694.2 -6287.2 6932.3 5553.5 248.3 8345.3 6074.0 2956.9 3117.1 5256.7 817.3 5519.1 582.0 399.0 183.0 46.8 0.0 0.0 -1235.2 136.2 -1371.4 384.5 -986.9 31.8 40.9 21.2 709.8 2.2 -11.0 -39.0 549.3 90.9 68.6 6.6 23.6 25.6 9.5 17.8 0.0 0.0 3.0 9.8 7.3 9.7 72.8 -11.7 16.0 54.9

2008
187.6 3443.5 3631.1 250.0 0.0 2511.6 2761.6 6392.7 837.4 369.5 467.9 1100.9 2012.3 3950.6 3318.0 6079.6 632.6 4895.3 -2480.6 7396.0 5760.0 121.1 9710.6 7113.9 4003.8 3110.1 6170.2 943.7 6439.0 915.9 575.6 340.3 35.4 0.0 0.0 4881.3 304.9 4576.4 426.0 5002.4 43.2 119.1 58.4 167.4 3.5 6.2 8.5 1935.6 90.5 62.8 8.1 11.8 10.4 9.8 9.4 0.0 0.0 4.8 18.1 16.3 2.2 73.3 84.7 17.1 193.6

2009
187.6 3540.9 3728.5 250.0 0.0 1688.5 1938.5 5667.0 545.3 77.4 467.9 1297.9 2222.1 4065.3 4125.1 6063.6 -59.8 4355.1 -3579.8 7807.1 5726.9 261.4 9792.2 8651.3 4953.4 3697.9 7455.2 1196.1 7728.3 932.3 752.7 179.6 37.7 0.0 0.0 -725.7 141.9 -867.6 403.3 -464.3 34.2 98.6 44.7 162.6 1.8 -19.6 -86.9 1987.5 89.3 80.7 8.7 17.3 21.0 8.5 4.8 0.0 0.0 2.1 9.6 7.6 4.5 88.3 -47.0 21.6 198.7

57

Fazal Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

61.9 621.5 683.4 0.0 0.0 0.0 0.0 683.4 9.3 9.3 0.0 510.8 264.0 784.1 703.7 703.7 80.4 340.4 -694.4 1284.9 602.9 60.9 1387.0 2501.2 936.0 1565.2 2409.4 91.8 2461.1 42.3 20.6 21.7 17.9 9.3 0.0 -46.9 -5.5 -41.4 55.4 14.0 0.0 111.4 73.9 103.0 1.6 395.7 1104.0 98.4 48.7 0.8 6.1 82.5 16.5 3.2 40.9 1.4 0.9 3.5 0.6 10.5 180.3 -79.2 9.8 110.4

2005
61.9 741.3 803.2 0.0 0.0 0.0 0.0 803.2 3.5 3.5 0.0 297.9 728.0 1029.4 896.2 896.2 133.2 774.4 -892.7 1399.4 669.9 49.7 1699.3 1803.3 802.0 1001.3 1641.0 162.3 1685.7 119.6 41.4 78.2 20.2 9.3 0.0 119.8 48.7 71.1 98.4 169.5 0.0 114.9 33.6 111.6 4.6 40.7 58.1 1297.6 93.5 34.6 2.3 5.3 25.8 13.1 9.7 623.7 1.2 4.3 12.6 9.4 8.2 106.1 260.0 -27.9 129.8

2006
61.9 684.0 745.9 0.0 0.0 0.0 0.0 745.9 2.0 2.0 0.0 730.2 484.3 1216.5 1123.0 1123.0 93.5 918.1 -1121.0 1407.9 652.3 66.4 1868.8 2129.9 801.8 1328.1 1954.3 175.6 2008.0 125.5 74.1 51.4 24.5 15.5 0.0 -57.3 11.4 -68.7 77.8 9.1 0.0 108.3 65.2 150.6 2.8 -19.9 854.9 1205.0 94.3 59.0 3.5 8.1 47.7 30.5 6.9 173.5 2.1 2.4 8.3 4.3 9.9 114.0 -34.1 18.1 120.5

2007
61.9 648.0 709.9 0.0 0.0 0.0 0.0 709.9 1.5 1.5 0.0 751.1 330.0 1082.6 1114.4 1114.4 -31.8 747.3 -1112.9 1551.0 741.8 76.5 1824.4 2381.2 575.4 1805.8 2260.0 121.2 2310.2 77.5 76.2 1.3 28.9 0.0 0.0 -36.0 -27.6 -8.4 48.9 40.5 0.0 97.1 67.5 157.0 0.1 76.7 120.7 1146.8 97.0 98.3 3.2 10.2 2223.1 27.2 0.2 0.0 0.0 0.1 0.2 -4.5 11.7 130.5 -97.6 11.8 114.7

2008
61.9 658.1 720.0 0.0 0.0 1079.5 1079.5 1799.5 14.6 14.6 0.0 1049.0 601.3 1664.9 1529.3 2608.8 135.6 2403.8 -1514.7 1597.1 1663.9 69.7 3328.8 2582.3 672.1 1910.2 2442.5 139.8 2489.8 96.3 69.1 27.2 20.8 0.0 0.0 1089.6 6.4 1083.2 76.1 1159.3 60.0 108.9 69.5 362.3 0.8 0.6 6.6 1163.2 96.4 71.8 2.7 2.9 76.5 32.6 3.8 0.0 0.0 1.1 4.4 1.0 9.4 77.6 2100.0 8.4 116.3

2009
61.9 674.1 736.0 0.0 0.0 1000.0 1000.0 1736.0 3.6 3.6 0.0 374.3 501.1 879.0 1148.8 2148.8 -269.8 1356.8 -1145.2 2951.3 2005.7 69.0 2884.7 2819.0 1076.1 1742.9 2598.7 220.3 2654.2 169.0 120.8 48.2 29.3 9.3 0.0 -63.5 9.6 -73.1 78.6 5.5 57.6 76.5 32.9 292.0 1.7 -15.1 1429.1 1189.0 94.2 71.5 4.3 8.9 60.8 7.2 6.5 203.2 1.3 1.7 7.8 3.1 4.2 97.7 77.3 9.2 118.9

58

Gadoon Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

234.4 1993.2 2227.6 0.0 0.0 680.0 680.0 2907.6 206.0 206.0 0.0 700.5 738.6 1645.1 1687.8 2367.8 -42.7 1452.2 -1481.8 4580.9 2950.3 304.0 4595.4 7528.0 3899.0 3629.0 5513.5 2014.5 5721.2 1815.9 58.9 1757.0 50.1 58.6 0.0 -18.5 1648.3 -1666.8 1952.3 285.5 23.4 97.5 53.7 106.3 38.2 683.8 950.3 76.0 3.2 0.8 4.1 2.9 4.2 78.9 2912.8 2.6 23.3 75.0 72.8 10.4 163.8 886.8 65.0 95.0

2005
234.4 2087.6 2322.0 0.0 0.0 750.0 750.0 3072.0 276.1 276.1 0.0 474.6 1957.2 2707.9 2694.0 3444.0 13.9 2811.8 -2417.9 4886.4 3058.0 243.3 5765.9 4455.1 1718.4 2736.7 3913.3 541.8 4096.5 363.8 84.4 279.4 38.8 58.6 0.0 164.4 182.0 -17.6 425.3 407.7 24.4 100.5 27.9 148.3 4.8 110.7 104.3 990.6 92.0 23.2 1.9 3.0 13.9 3.5 12.0 410.6 2.5 6.3 11.9 10.3 8.2 77.3 -84.1 -40.8 99.1

2006
234.4 2127.4 2361.8 0.0 0.0 375.0 375.0 2736.8 75.6 75.6 0.0 1170.2 1878.1 3123.9 3407.9 3782.9 -284.0 2797.8 -3332.3 5140.2 3020.8 319.0 6144.7 5718.6 3099.4 2619.2 4918.7 799.9 5157.5 567.9 204.8 363.1 77.6 58.6 0.0 -335.2 226.9 -562.1 545.9 -16.2 13.7 91.7 36.6 160.2 5.9 -67.7 -3369.8 1007.6 90.2 36.1 3.6 7.3 21.4 10.9 15.4 487.2 2.5 6.3 15.5 12.2 10.4 93.1 30.3 28.4 100.8

2007
234.4 2301.8 2536.2 0.0 0.0 50.6 50.6 2586.8 110.7 95.5 15.2 1548.5 1246.9 2906.1 3267.0 3317.6 -360.9 1934.5 -3156.3 5338.1 2947.5 307.2 5853.6 5205.8 1611.7 3594.1 4456.0 749.8 4747.7 470.1 149.8 320.3 82.0 0.0 0.0 -150.0 238.3 -388.3 545.5 157.2 2.0 89.0 50.8 130.8 5.5 -158.9 347.0 1082.0 91.2 31.9 2.9 7.7 25.6 17.8 12.6 0.0 0.0 6.2 13.7 10.2 10.2 88.9 -11.6 -9.0 108.2

2008
234.4 2079.9 2314.3 0.0 0.0 310.3 310.3 2624.6 254.9 171.6 83.3 1696.7 2527.6 4479.2 4918.4 5228.7 -439.2 3989.5 -4663.5 5713.2 3063.7 307.2 7542.9 6857.9 1717.1 5140.8 6112.3 745.6 6662.4 198.9 331.4 -132.5 0.0 58.6 0.0 37.8 -191.1 228.9 116.1 345.0 11.8 91.1 39.7 225.9 -1.8 -505.6 33.7 987.3 97.1 166.6 4.8 8.3 0.0 14.9 -5.7 -226.1 2.5 -1.9 -5.7 -5.7 10.4 90.9 -141.6 31.7 98.7

2009
234.4 1739.6 1974.0 0.0 0.0 898.0 898.0 2872.0 185.6 118.9 66.7 1146.3 1951.2 3283.1 3171.8 4069.8 111.3 2716.7 -2986.2 5683.9 2760.7 303.7 6043.8 7140.8 2968.6 4172.2 6383.9 756.9 6822.4 323.0 620.0 -297.0 39.3 0.0 0.0 247.4 -336.3 583.7 -32.6 551.1 31.3 103.5 42.0 206.2 -4.9 -135.9 -5.9 842.2 95.5 192.0 8.7 22.8 -13.2 9.4 -15.0 0.0 0.0 -4.2 -12.7 -14.3 9.9 118.2 122.8 4.1 84.2

59

Ghazi Fabrics International Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

326.4 403.1 729.5 0.0 0.0 356.5 356.5 1086.0 6.0 6.0 0.0 211.1 299.4 516.5 976.9 1333.4 -460.4 649.3 -970.9 2305.5 1546.2 125.6 2062.7 2079.5 1247.0 832.5 2022.8 56.7 2087.2 -60.4 24.1 -84.5 10.4 0.0 0.0 89.2 -94.9 184.1 30.7 214.8 32.8 52.9 22.2 182.8 -4.1 -106.4 14.3 223.5 100.4 1.2 3.7 3.7 -11.6 0.0 -4.1 -2.6 -2.9 9.0 100.8 100.0 42.8 22.3

2005
326.4 334.8 661.2 0.0 0.0 533.1 533.1 1194.3 14.9 14.9 0.0 175.7 205.1 395.7 872.6 1405.7 -476.9 783.9 -857.7 2469.3 1671.2 118.6 2066.9 1689.2 775.1 914.1 1635.6 53.6 1762.8 -69.6 44.7 -114.3 9.9 0.0 0.0 108.3 -124.2 232.5 -5.6 226.9 44.6 45.3 21.8 212.6 -5.5 -114.7 -2.5 202.6 104.4 2.6 5.7 4.7 -17.3 0.0 -6.8 -3.5 -3.8 7.7 81.7 34.6 -18.8 20.3

2006
326.4 270.1 596.5 0.0 0.0 758.8 758.8 1355.3 4.6 4.6 0.0 128.2 371.2 504.0 985.1 1743.9 -481.1 1161.4 -980.5 2729.7 1836.3 152.9 2340.3 2397.8 1273.2 1124.6 2211.4 186.4 2320.1 129.1 100.2 28.9 15.1 3.2 0.0 161.0 10.6 150.4 163.5 313.9 56.0 51.2 13.5 292.4 1.2 6.6 52.1 182.8 96.8 77.6 4.2 8.6 52.2 3.4 4.8 431.3 0.5 1.2 0.9 0.4 9.1 102.5 -125.7 41.9 18.3

2007
326.4 -24.1 302.3 0.0 0.0 451.3 451.3 753.6 3.9 3.9 0.0 218.4 359.7 582.0 1549.4 2000.7 -967.4 747.9 -1545.5 2771.6 1721.0 167.1 2303.0 2715.2 1484.2 1231.0 2666.2 49.0 2782.7 -63.6 114.8 -178.4 14.8 0.0 0.0 -601.7 -193.2 -408.5 -26.1 -434.6 59.9 37.6 14.3 661.8 -7.7 32.1 6.0 92.6 102.5 -180.5 4.2 15.3 -8.3 5.4 -59.0 0.0 0.0 -6.6 -5.5 -5.9 9.1 117.9 -711.1 13.2 9.3

2008
326.4 -208.4 118.0 0.0 0.0 313.5 313.5 431.5 0.3 0.3 0.0 210.7 582.3 793.3 2012.3 2325.8 -1219.0 1071.3 -2012.0 2815.3 1650.4 156.7 2443.7 2923.6 1778.8 1144.8 2857.8 65.8 2984.0 -55.2 106.5 -161.7 14.6 0.0 0.0 -322.1 -176.3 -145.8 -19.6 -165.4 72.7 39.4 10.5 1971.0 -6.6 54.7 11.9 36.2 102.1 -192.9 3.6 9.9 -9.0 4.1 -137.0 0.0 0.0 -5.5 -5.0 -5.4 9.1 119.6 -9.1 7.7 3.6

2009
326.4 -362.4 -36.0 0.0 0.0 368.1 368.1 332.1 3.5 3.5 0.0 276.3 733.5 1013.3 2211.4 2579.5 -1198.1 1363.7 -2207.9 2903.8 1530.2 149.0 2543.5 3062.0 1896.4 1165.6 2888.2 173.8 3032.5 31.1 161.6 -130.5 15.4 0.0 0.0 -99.4 -145.9 46.5 3.1 49.6 110.8 45.8 12.7 0.0 -5.1 146.8 6.3 -11.0 99.0 519.6 5.3 11.9 -11.8 5.7 0.0 0.0 0.0 -4.3 -4.0 -4.5 9.4 120.4 -20.0 4.7 -1.1

60

Glamour Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

116.4 29.0 145.4 0.0 0.0 249.0 249.0 394.4 2.8 2.8 0.0 49.5 52.0 104.3 199.7 448.7 -95.4 414.1 -196.9 997.4 489.8 40.1 594.1 659.3 602.7 56.6 729.0 -69.7 738.6 -75.6 18.9 -94.5 2.6 0.0 0.0 194.1 -97.1 291.2 -57.0 234.2 63.1 52.2 26.2 308.6 -15.9 -50.0 -24.3 124.9 112.0 2.9 4.6 3.6 -65.0 0.0 -14.3 -8.1 -8.3 8.3 111.0 84.1 33.5 12.5

2005
116.4 140.3 256.7 0.0 0.0 50.0 50.0 306.7 9.8 9.8 0.0 55.2 172.5 237.5 413.1 463.1 -175.6 267.2 -403.3 992.0 482.5 28.4 720.0 450.2 318.5 131.7 422.6 27.6 437.8 12.6 12.8 -0.2 2.1 0.0 0.0 -87.7 -2.3 -85.4 26.1 -59.3 16.3 57.5 15.7 180.4 0.0 220.5 97.2 101.6 2.8 4.8 9.4 -0.1 0.0 0.0 0.0 -0.2 5.8 62.5 -100.0 -31.7 22.1

2006
116.4 110.3 226.7 0.0 0.0 66.7 66.7 293.4 3.9 3.9 0.0 89.1 97.2 190.2 416.5 483.2 -226.3 182.6 -412.6 1060.4 519.7 35.5 709.9 713.6 401.2 312.4 681.4 32.2 709.9 4.6 29.3 -24.7 4.7 0.0 0.0 -13.3 -29.4 16.1 6.1 22.2 22.7 45.7 22.3 213.1 -3.5 221.1 27.5 194.8 99.5 637.0 4.1 16.0 -19.0 8.4 -10.9 0.0 0.0 -3.5 -2.1 -2.5 7.4 100.5 0.0 58.5 19.5

2007
116.4 59.4 175.8 0.0 0.0 35.1 35.1 210.9 2.7 2.7 0.0 118.7 96.4 217.8 537.8 572.9 -320.0 241.5 -535.1 1104.6 531.0 38.8 748.8 766.6 382.0 384.6 750.0 16.6 783.1 -15.8 29.3 -45.1 5.8 0.0 0.0 -82.5 -50.9 -31.6 -12.1 -43.7 16.6 40.5 22.6 325.9 -6.0 61.7 27.7 151.0 102.2 -185.4 3.8 12.1 -12.9 10.5 -25.7 0.0 0.0 -5.9 -3.9 -4.4 7.5 102.4 85.7 7.4 15.1

2008
116.4 93.6 210.0 0.0 0.0 282.8 282.8 492.8 2.1 2.1 0.0 138.0 176.0 316.1 391.3 674.1 -75.2 642.0 -389.2 176.4 568.0 39.5 884.1 731.1 663.5 67.6 689.7 41.4 709.2 23.2 42.9 -19.7 3.7 0.0 0.0 281.9 -23.4 305.3 16.1 321.4 57.4 80.8 35.8 321.0 -2.2 -8.3 5.0 180.4 97.0 184.9 5.9 6.7 -18.8 13.7 -9.4 0.0 0.0 -2.7 -1.7 -2.0 7.4 82.7 -56.4 -4.6 18.0

2009
116.4 70.2 186.6 0.0 0.0 0.0 0.0 186.6 1.7 1.7 0.0 137.8 111.4 250.9 604.7 604.7 -353.8 246.2 -603.0 1186.2 540.8 37.6 791.7 868.2 812.3 55.9 815.9 52.3 833.7 35.1 58.1 -23.0 0.4 0.0 0.0 -306.2 -23.4 -282.8 14.2 -268.6 0.0 41.5 23.1 324.1 -2.9 7.6 -5.3 160.3 96.0 165.5 6.7 23.6 -1.7 11.6 -12.3 0.0 0.0 -2.6 -2.0 -2.0 6.6 109.7 17.6 18.8 16.0

61

Globe Textile Mills (OE) Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

44.4 32.8 77.2 0.0 0.0 98.7 98.7 175.9 1.4 1.4 0.0 109.3 132.7 243.4 243.7 342.4 -0.3 258.5 -242.3 294.8 176.2 8.5 419.6 560.3 560.3 0.0 523.8 36.5 537.8 22.6 17.8 4.8 2.4 0.0 0.0 15.6 2.4 13.2 10.9 24.1 56.1 99.9 45.4 443.5 1.1 15.4 45.2 173.9 96.0 78.8 3.2 6.9 50.0 4.0 6.2 0.0 0.9 1.1 0.5 4.9 133.5 266.7 33.3 17.4

2005
44.4 51.6 96.0 0.0 0.0 147.0 147.0 243.0 1.3 1.3 0.0 92.6 138.7 232.6 229.9 376.9 2.7 313.1 -228.6 371.7 240.3 13.3 472.9 454.2 454.2 0.0 424.1 30.1 434.1 20.4 12.9 7.5 2.0 0.0 0.0 67.1 5.5 61.6 18.8 80.4 60.5 101.2 40.8 392.6 1.6 8.2 23.4 216.2 95.6 63.2 2.8 4.1 26.7 6.1 7.8 0.0 1.7 1.7 1.2 7.5 96.0 54.5 -18.9 21.6

2006
46.6 23.6 70.2 0.0 0.0 104.7 104.7 174.9 1.3 1.3 0.0 120.4 186.5 308.2 371.7 476.4 -63.5 425.2 -370.4 389.3 238.5 16.4 546.7 215.9 215.9 0.0 214.6 1.3 227.0 1.6 25.5 -23.9 1.1 0.0 0.0 -68.1 -25.0 -43.1 -8.6 -51.7 59.9 82.9 32.7 678.6 -4.4 36.7 16.6 150.6 105.1 1593.8 11.8 6.0 -4.6 11.8 -34.0 0.0 0.0 -11.1 -5.1 -5.4 6.8 39.5 -400.0 -52.5 15.1

2007
46.6 23.6 70.2 0.0 0.0 104.7 104.7 174.9 1.3 1.3 0.0 120.4 186.5 308.2 371.7 476.4 -63.5 425.2 -370.4 389.3 238.5 16.4 546.7 215.9 215.9 0.0 214.6 1.3 227.0 1.6 25.5 -23.9 1.1 0.0 0.0 0.0 -25.0 25.0 -8.6 16.4 59.9 82.9 32.7 678.6 -4.4 0.0 -52.4 150.6 105.1 1593.8 11.8 6.0 -4.6 11.8 -34.0 0.0 0.0 -11.1 -5.1 -5.4 6.8 39.5 0.0 0.0 15.1

2008
46.6 23.6 70.2 0.0 0.0 104.7 104.7 174.9 1.3 1.3 0.0 120.4 186.5 308.2 371.7 476.4 -63.5 425.2 -370.4 389.3 238.5 16.4 546.7 215.9 215.9 0.0 214.6 1.3 227.0 1.6 25.5 -23.9 1.1 0.0 0.0 0.0 -25.0 25.0 -8.6 16.4 59.9 82.9 32.7 678.6 -4.4 0.0 -52.4 150.6 105.1 1593.8 11.8 6.0 -4.6 11.8 -34.0 0.0 0.0 -11.1 -5.1 -5.4 6.8 39.5 0.0 0.0 15.1

2009
46.6 -35.7 10.9 0.0 0.0 105.0 105.0 115.9 0.2 0.2 0.0 123.9 15.3 139.4 198.1 303.1 -58.7 175.6 -197.9 377.4 174.5 18.6 313.9 206.9 206.9 0.0 183.2 23.7 194.6 12.5 11.7 0.8 0.0 0.0 0.0 -59.0 0.8 -59.8 19.4 -40.4 90.6 70.4 62.6 2780.7 0.3 -1.4 -48.0 23.4 94.1 93.6 5.7 6.7 0.0 17.7 7.3 0.0 0.0 0.4 0.2 0.2 9.6 65.9 -103.9 -4.2 2.3

62

Globe Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

155.9 100.8 256.7 0.0 0.0 199.2 199.2 455.9 2.4 2.4 0.0 522.1 641.0 1165.5 1264.0 1463.2 -98.5 1025.4 -1261.6 1308.0 554.3 54.9 1719.8 1390.0 929.6 460.4 1241.5 148.5 1287.1 102.9 80.2 22.7 6.3 0.0 0.0 -157.7 16.4 -174.1 71.3 -102.8 43.7 92.2 41.5 570.0 1.3 164.7 92.6 77.9 5.8 7.8 27.8 11.2 8.8 0.0 1.6 1.5 1.1 8.4 80.8 114.3 17.9 16.5

2005
155.9 482.7 638.6 0.0 0.0 367.5 367.5 1006.1 2.8 2.8 0.0 334.7 829.4 1166.9 1079.3 1446.8 87.6 1195.6 -1076.5 1717.1 918.5 45.3 2085.4 837.7 498.7 339.0 749.5 88.2 778.2 60.4 54.4 6.0 3.9 0.0 0.0 550.2 2.1 548.1 47.4 595.5 36.5 108.1 31.3 226.6 0.3 0.4 8.0 409.6 92.9 90.1 6.5 4.6 65.0 20.3 0.9 0.0 0.7 0.4 0.1 8.2 40.2 -73.3 -39.7 41.0

2006
163.7 -77.8 85.9 0.0 0.0 408.4 408.4 494.3 0.4 0.4 0.0 290.7 246.8 537.9 927.7 1336.1 -389.8 999.8 -927.3 1730.7 884.0 55.7 1421.9 499.5 346.3 153.2 590.1 -90.6 958.6 -455.7 94.5 -550.2 2.5 0.0 0.0 -511.8 -552.7 40.9 -497.0 -456.1 82.6 58.0 31.4 1555.4 -38.7 108.0 109.0 52.5 191.9 -20.7 18.9 9.5 -0.5 15.3 -640.5 0.0 0.0 -110.2 -33.6 -33.8 6.1 35.1 -8500.0 -40.4 5.2

2007
163.7 -180.3 -16.6 0.0 0.0 534.0 534.0 517.4 1.8 1.8 0.0 141.6 0.0 143.4 343.3 877.3 -199.9 554.7 -341.5 1455.8 717.3 95.8 860.7 219.7 219.7 0.0 301.3 -81.6 314.6 -69.1 32.3 -101.4 1.1 0.0 0.0 23.1 -102.5 125.6 -6.7 118.9 103.2 41.8 41.8 0.0 -11.8 -443.7 -5.6 -10.1 143.2 -46.7 14.7 5.8 -1.1 24.3 0.0 0.0 0.0 -46.2 -6.2 -6.3 10.8 25.5 -81.5 -56.0 -1.0

2008
163.7 -204.4 -40.7 0.0 0.0 460.5 460.5 419.8 0.0 0.0 0.0 136.6 0.0 136.6 320.4 780.9 -183.8 481.8 -320.4 1159.2 603.5 33.0 740.1 0.0 0.0 0.0 43.2 -43.2 53.4 -9.9 14.2 -24.1 0.0 0.0 0.0 -97.6 -24.1 -73.5 8.9 -64.6 109.7 42.6 42.6 0.0 -3.3 24.7 -13.8 -24.9 0.0 -143.4 0.0 2.9 0.0 0.0 0.0 0.0 0.0 0.0 -1.5 -1.5 4.6 0.0 -75.8 -100.0 -2.5

2009
163.7 329.2 492.9 0.0 0.0 0.0 0.0 492.9 6.3 6.3 0.0 257.4 0.0 263.7 0.5 0.5 263.2 0.0 5.8 678.9 229.6 25.7 493.3 0.0 0.0 0.0 69.4 -69.4 93.3 533.6 0.0 533.6 0.0 0.0 0.0 73.1 533.6 -460.5 559.3 98.8 0.0 52740.0 52740.0 0.1 108.2 730.0 566.1 301.1 0.0 0.0 0.0 0.0 0.0 0.0 108.3 0.0 0.0 0.0 32.6 32.6 4.3 0.0 -2273.3 30.1

63

Gul Ahmed Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

340.7 1962.8 2303.5 0.0 0.0 1386.9 1386.9 3690.4 704.2 99.0 605.2 2858.5 2043.9 5606.6 5385.8 6772.7 220.8 5928.9 -4681.6 5909.0 3469.6 328.2 9076.2 6680.9 1791.1 4889.8 5625.3 1055.6 6329.2 363.2 108.5 254.7 60.1 0.0 0.0 621.6 194.6 427.0 522.8 949.8 37.6 104.1 66.1 294.0 2.8 31.3 55.0 676.1 94.7 29.9 1.6 1.8 23.6 30.8 11.1 0.0 3.8 7.5 5.7 11.2 73.6 -33.0 19.7 67.6

2005
383.3 1953.7 2337.0 0.0 0.0 2036.3 2036.3 4373.3 725.4 115.5 609.9 2304.3 2747.0 5776.7 5432.0 7468.3 344.7 6486.1 -4706.6 6730.2 4028.5 274.7 9805.2 5893.1 2394.5 3498.6 4929.8 963.3 5541.1 358.7 236.9 121.8 39.0 0.0 38.3 682.9 82.8 600.1 357.5 957.6 46.6 106.3 55.8 319.6 1.2 12.1 37.3 609.7 94.0 66.0 4.0 3.7 32.0 32.7 5.2 0.0 2.1 3.2 2.2 7.9 60.1 -57.3 -11.8 61.0

2006
460.0 1886.2 2346.2 0.0 0.0 2151.3 2151.3 4497.5 524.5 39.9 484.6 2157.0 2887.2 5568.7 5481.4 7632.7 87.3 6811.6 -4956.9 6590.6 4410.2 379.3 9978.9 8245.8 3617.3 4628.5 7081.2 1164.6 7704.7 548.6 536.3 12.3 47.0 0.0 38.3 124.2 -34.7 158.9 344.6 503.5 47.8 101.6 48.9 325.3 0.1 -27.9 68.4 510.0 93.4 97.8 6.5 7.9 382.1 22.3 0.5 0.0 0.0 0.1 0.3 -0.8 9.5 82.6 -90.6 39.9 51.0

2007
552.0 2076.8 2628.8 0.0 0.0 1772.0 1772.0 4400.8 86.3 27.8 58.5 3010.5 2254.1 5350.9 5653.0 7425.0 -302.1 5782.2 -5566.7 7929.9 4702.8 412.3 10053.7 9872.0 4091.6 5780.4 8446.1 1425.9 9139.8 738.5 476.2 262.3 67.4 0.0 0.0 -96.7 194.9 -291.6 607.2 315.6 40.3 94.7 54.8 282.4 2.6 -201.6 192.4 476.2 92.6 64.5 4.8 8.2 25.7 21.9 10.0 0.0 0.0 2.7 4.8 3.5 9.3 98.2 1500.0 19.7 47.6

2008
552.0 2181.8 2733.8 0.0 0.0 2484.6 2484.6 5218.4 127.5 69.0 58.5 3498.8 2915.6 6541.9 7151.1 9635.7 -609.2 7699.0 -7023.6 9200.5 5827.6 514.6 12369.5 11752.0 4852.2 6899.8 10052.9 1699.1 10834.5 934.3 732.5 201.8 66.0 0.0 132.3 817.6 135.8 681.8 650.4 1332.2 47.6 91.5 50.7 352.5 1.6 16.6 48.8 495.3 92.2 78.4 6.2 9.5 32.7 21.2 7.4 0.0 0.0 1.7 3.7 2.5 10.9 95.0 -22.9 19.0 49.5

2009
634.8 2454.5 3089.3 0.0 0.0 2566.6 2566.6 5655.9 158.2 99.7 58.5 3404.7 3886.2 7449.1 7898.9 10465.5 -449.8 8401.9 -7740.7 10496.1 6105.8 636.8 13554.9 13906.5 8919.4 4987.1 11568.1 2338.4 12723.9 1208.9 1039.0 169.9 83.0 0.0 0.0 437.5 86.9 350.6 723.7 1074.3 45.4 94.3 45.1 338.8 1.3 19.9 67.4 486.7 91.5 85.9 7.5 12.4 48.9 18.2 5.5 0.0 0.0 1.2 2.7 1.4 10.9 102.6 -27.0 18.3 48.7

64

Gulistan Spinning Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

100.0 121.8 221.8 0.0 0.0 137.8 137.8 359.6 50.0 40.1 9.9 191.4 295.3 536.7 518.6 656.4 18.1 584.4 -468.6 666.1 341.6 28.1 878.3 856.3 360.4 495.9 800.3 56.0 818.2 38.3 33.0 5.3 6.2 0.0 0.0 -36.5 -0.9 -35.6 27.2 -8.4 38.3 103.5 46.5 295.9 0.6 221.8 95.6 86.2 3.9 5.6 117.0 9.6 2.4 0.0 0.6 0.5 -0.1 9.7 97.5 -61.5 18.2 22.2

2005
100.0 134.6 234.6 0.0 0.0 172.0 172.0 406.6 40.9 30.4 10.5 137.0 396.0 573.9 560.2 732.2 13.7 680.3 -519.3 742.1 392.9 19.9 966.8 609.1 195.8 413.3 536.4 72.7 550.1 59.1 40.7 18.4 5.2 0.0 0.0 47.0 13.2 33.8 33.1 66.9 42.3 102.4 31.8 312.1 1.9 28.1 49.5 234.6 90.3 68.9 6.7 6.0 28.3 11.5 7.8 0.0 3.0 1.8 1.3 5.8 63.0 260.0 -28.9 23.5

2006
100.0 216.6 316.6 0.0 0.0 246.0 246.0 562.6 76.2 55.0 21.2 220.3 313.4 609.9 626.2 872.2 -16.3 808.8 -550.0 966.9 578.9 39.2 1188.8 930.9 930.9 0.0 791.5 139.4 828.7 109.6 87.2 22.4 9.6 0.0 10.0 156.0 12.8 143.2 52.0 195.2 43.7 97.4 47.3 275.5 1.9 8.2 26.6 316.6 89.0 79.6 9.4 10.8 42.9 9.8 7.1 0.0 0.0 2.4 2.2 1.3 10.0 78.3 22.2 52.8 31.7

2007
110.0 213.6 323.6 0.0 0.0 60.4 60.4 384.0 93.0 69.7 23.3 261.3 419.4 773.7 961.2 1021.6 -187.5 553.6 -868.2 999.7 571.6 44.4 1345.3 1067.2 332.2 735.0 912.4 154.8 959.1 115.2 404.2 -289.0 10.9 0.0 0.0 -178.6 -299.9 121.3 -255.5 -134.2 15.7 80.5 36.9 315.7 -21.5 167.9 190.4 294.2 89.9 350.9 37.9 73.0 -3.8 13.5 -89.3 0.0 0.0 -27.1 -26.3 -27.3 7.7 79.3 -1295.5 14.6 29.4

2008
110.0 213.6 323.6 0.0 0.0 60.4 60.4 384.0 93.0 69.7 23.3 261.3 419.4 773.7 961.2 1021.6 -187.5 553.6 -868.2 999.7 571.6 44.4 1345.3 1067.2 332.2 735.0 912.4 154.8 959.1 115.2 404.2 -289.0 10.9 0.0 0.0 0.0 -299.9 299.9 -255.5 44.4 15.7 80.5 36.9 315.7 -21.5 0.0 -575.5 294.2 89.9 350.9 37.9 73.0 -3.8 13.5 -89.3 0.0 0.0 -27.1 -26.3 -27.3 7.7 79.3 0.0 0.0 29.4

2009
133.1 220.5 353.6 0.0 0.0 80.2 80.2 433.8 86.0 58.8 27.2 372.3 663.0 1121.3 1245.0 1325.2 -123.7 1054.7 -1159.0 1041.8 557.6 26.0 1678.9 1355.7 560.2 795.5 1136.1 219.6 1186.2 179.2 158.4 20.8 8.0 0.0 13.3 49.8 12.8 37.0 38.8 75.8 18.5 90.1 36.8 374.8 1.2 25.7 51.2 265.7 87.5 88.4 11.7 15.0 38.5 16.6 5.9 0.0 0.0 1.5 1.6 1.0 4.6 80.7 -106.1 27.0 26.6

65

Gulistan Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

126.4 826.3 952.7 0.0 0.0 601.9 601.9 1554.6 391.9 35.8 356.1 833.9 1097.3 2323.1 2056.5 2658.4 266.6 2156.3 -1664.6 2410.8 1288.0 123.8 3611.1 3904.4 2335.2 1569.2 3615.1 289.3 3688.4 256.3 197.8 58.5 20.1 9.5 0.0 -182.3 28.9 -211.2 152.7 -58.5 38.7 113.0 59.6 279.0 1.6 753.7 94.5 77.2 5.1 9.2 34.4 13.7 6.1 404.2 1.0 1.5 4.6 3.0 9.1 108.1 -17.9 24.8 75.4

2005
126.4 941.9 1068.3 0.0 52.9 595.8 648.7 1717.0 402.3 38.7 363.6 793.9 1407.5 2603.7 2362.7 3011.4 241.0 2786.5 -1960.4 2680.3 1476.0 88.1 4079.7 2705.6 1502.8 1202.8 2415.0 290.6 2471.4 250.7 180.3 70.4 15.3 9.5 0.0 162.4 45.6 116.8 133.7 250.5 37.8 110.2 50.6 281.9 1.7 28.1 53.4 845.2 91.3 71.9 6.7 6.5 21.7 23.9 6.6 580.0 0.9 2.6 5.6 4.4 6.8 66.3 21.7 -30.7 84.5

2006
132.7 2126.9 2259.6 0.0 0.0 841.0 841.0 3100.6 1319.7 34.8 1284.9 1083.8 1573.2 3976.7 2656.4 3497.4 1320.3 3115.0 -1336.7 3100.8 1780.3 135.4 5757.0 3651.7 3651.7 0.0 3082.9 568.8 3219.4 447.4 350.3 97.1 18.7 0.0 13.3 1383.6 78.4 1305.2 213.8 1519.0 27.1 149.7 90.5 154.8 1.7 5.7 14.1 1702.8 88.2 78.3 9.6 11.2 19.3 19.8 4.3 0.0 0.0 2.7 7.3 5.9 9.2 63.4 30.4 35.0 170.3

2007
145.9 2333.7 2479.6 0.0 0.0 756.8 756.8 3236.4 1515.9 55.4 1460.5 1252.8 1892.0 4660.7 3402.8 4159.6 1257.9 3281.1 -1886.9 3238.6 1978.5 140.3 6639.2 4326.5 2900.4 1426.1 3756.5 570.0 3926.4 459.9 401.4 58.5 21.6 0.0 0.0 135.8 36.9 98.9 177.2 276.1 23.4 137.0 81.4 167.8 0.9 27.2 64.2 1699.5 90.8 87.3 9.3 12.2 36.9 20.7 2.4 0.0 0.0 1.4 4.0 2.5 7.9 65.2 -45.2 18.5 170.0

2008
160.5 2371.8 2532.3 0.0 0.0 629.3 629.3 3161.6 1517.7 28.8 1488.9 1351.8 2872.1 5741.6 4660.3 5289.6 1081.3 4009.3 -3142.6 3505.0 2080.4 89.6 7822.0 5249.8 3517.5 1732.3 4513.1 736.7 4667.4 660.0 535.7 124.3 26.2 0.0 112.8 -74.8 98.1 -172.9 187.7 14.8 19.9 123.2 61.6 208.9 1.6 -131.1 1268.2 1577.8 88.9 81.2 10.2 13.4 21.1 18.9 4.9 0.0 0.0 2.4 7.7 6.1 4.5 67.1 92.5 21.3 157.8

2009
172.6 2340.1 2512.7 0.0 0.0 444.8 444.8 2957.5 1468.2 56.8 1411.4 1559.7 4098.0 7125.9 6319.7 6764.5 806.2 5613.6 -4851.5 3737.8 2151.2 95.5 9277.1 5245.4 3669.9 1575.5 4197.9 1047.5 4359.7 860.4 832.5 27.9 15.5 0.0 17.3 -204.1 12.4 -216.5 107.9 -108.6 15.0 112.8 47.9 269.2 0.3 -6.1 -99.4 1455.8 83.1 96.8 15.9 14.8 55.6 22.9 1.1 0.0 0.0 0.5 1.6 0.7 4.6 56.5 -79.2 -0.1 145.6

66

Gulshan Spinning Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

126.5 455.3 581.8 0.0 479.2 23.8 503.0 1084.8 74.8 47.8 27.0 396.0 664.5 1135.3 1092.5 1595.5 42.8 1379.0 -1017.7 1939.2 1042.0 93.1 2177.3 2077.5 1292.8 784.7 1921.1 156.4 1959.8 123.1 100.6 22.5 9.7 0.0 0.0 47.9 12.8 35.1 105.9 141.0 46.4 103.9 43.1 274.2 1.0 26.7 75.1 459.9 94.3 81.7 4.8 7.3 43.1 11.2 3.9 0.0 1.1 1.8 1.0 9.1 95.4 -47.1 12.4 46.0

2005
126.5 484.7 611.2 0.0 127.9 502.2 630.1 1241.3 47.8 21.5 26.3 388.6 936.8 1373.2 1338.8 1968.9 34.4 1810.4 -1291.0 2159.7 1206.9 71.3 2580.1 1658.6 904.0 754.6 1481.1 177.5 1521.1 143.1 100.4 42.7 9.6 9.5 0.0 156.5 23.6 132.9 94.9 227.8 50.8 102.6 32.6 322.1 1.7 15.1 41.7 483.2 91.7 70.2 6.1 5.5 22.5 18.0 7.0 348.4 1.6 2.6 3.4 2.6 6.8 64.3 88.9 -20.2 48.3

2006
126.5 758.0 884.5 0.0 0.0 645.6 645.6 1530.1 200.7 74.1 126.6 573.8 815.4 1589.9 1547.3 2192.9 42.6 1992.3 -1346.6 2545.0 1487.4 108.8 3077.3 2304.9 1140.1 1164.8 1959.6 345.3 2047.5 265.4 206.5 58.9 14.6 0.0 12.7 288.8 44.3 244.5 153.1 397.6 42.2 102.8 50.1 247.9 1.9 15.3 38.5 699.2 88.8 77.8 9.0 10.4 24.8 17.1 6.7 0.0 0.0 2.6 4.7 3.5 9.0 74.9 38.2 39.0 69.9

2007
139.2 778.1 917.3 0.0 0.0 466.1 466.1 1383.4 194.8 88.8 106.0 572.0 1159.7 1926.5 2006.9 2473.0 -80.4 1699.9 -1812.1 2604.1 1463.8 118.0 3390.3 2003.9 643.1 1360.8 1653.4 350.5 1758.9 258.3 229.4 28.9 20.3 0.0 0.0 -146.7 8.6 -155.3 126.6 -28.7 33.7 96.0 38.2 269.6 0.9 -5.9 -441.1 659.0 87.8 88.8 11.4 13.5 70.2 18.5 3.2 0.0 0.0 1.4 2.1 0.6 7.9 59.1 -55.3 -13.1 65.9

2008
153.1 811.9 965.0 0.0 0.0 592.7 592.7 1557.7 236.7 129.2 107.5 618.9 1302.4 2158.0 2043.4 2636.1 114.6 1843.5 -1806.7 2654.1 1443.1 68.7 3601.1 2210.9 670.8 1540.1 1805.1 405.8 1901.1 316.0 253.7 62.3 15.1 0.0 13.9 174.3 47.2 127.1 115.9 243.0 38.0 105.6 41.9 273.2 1.7 27.1 47.7 630.3 86.0 80.3 11.5 13.8 24.2 18.0 6.5 0.0 0.0 2.8 4.1 3.1 4.7 61.4 95.2 10.3 63.0

2009
168.4 817.9 986.3 0.0 0.0 117.0 117.0 1103.3 340.2 161.0 179.2 721.3 1825.4 2886.9 3202.4 3319.4 -315.5 283.1 -2862.2 2705.4 1418.8 70.1 4305.7 2571.9 1055.6 1516.3 2073.4 498.5 2157.7 421.8 383.4 38.4 34.1 0.0 16.8 -454.4 4.3 -458.7 74.4 -384.3 10.6 90.1 33.1 336.6 0.9 -0.9 -19.4 585.7 83.9 90.9 14.9 135.4 88.8 18.2 3.9 0.0 0.0 1.5 2.3 0.3 4.9 59.7 -43.9 16.3 58.6

67

Hafiz Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

-

2005
-

2006
12.0 -123.0 -111.0 0.0 0.0 127.9 127.9 16.9 0.5 0.5 0.0 3.2 0.0 3.7 80.9 208.8 -77.2 207.2 -80.4 165.4 94.1 1.9 97.8 0.0 0.0 0.0 0.0 0.0 3.5 0.2 0.0 0.2 0.8 0.0 0.0 -0.6 1.3 756.8 4.6 4.6 0.0 0.2 0.0 0.0 -925.0 0.0 0.0 0.0 0.0 400.0 0.0 0.0 0.0 0.0 0.0 0.2 -0.5 2.0 0.0 -80.0 -92.5

2007
12.0 -120.2 -108.2 0.0 0.0 126.8 126.8 18.6 0.2 0.2 0.0 2.5 0.0 2.7 76.5 203.3 -73.8 202.4 -76.3 170.6 92.3 1.8 95.0 0.0 0.0 0.0 0.0 0.0 4.3 0.4 0.0 0.4 0.2 0.0 0.0 0.2 2.0 681.7 3.5 3.5 0.0 0.4 0.0 0.0 -901.7 0.0 0.0 0.0 0.0 50.0 0.0 0.0 0.0 0.0 0.0 0.3 0.2 1.9 0.0 -70.0 -90.2

2008
12.0 -19.8 -7.8 0.0 0.0 0.0 0.0 -7.8 0.7 0.7 0.0 1.6 0.0 2.3 102.0 102.0 -99.7 0.0 -101.3 171.7 91.8 92.3 94.1 0.0 0.0 0.0 0.0 0.0 3.4 1.1 0.0 1.1 0.2 0.0 0.0 -26.4 0.9 -27.3 93.2 65.9 0.0 2.3 2.3 0.0 1.2 -3.4 141.4 -65.0 0.0 0.0 0.0 0.0 18.2 0.0 0.0 0.0 0.0 0.0 0.9 0.8 0.0 0.0 200.0 -6.5

2009
12.0 -13.3 -1.3 0.0 0.0 0.0 0.0 -1.3 0.4 0.4 0.0 0.6 0.0 1.0 92.4 92.4 -91.4 0.0 -92.0 171.7 90.2 1.7 91.2 0.0 0.0 0.0 0.0 0.0 4.4 7.2 0.0 7.2 0.7 0.9 0.0 6.5 5.6 0.9 7.3 8.2 0.0 1.1 1.1 0.0 7.9 86.2 89.0 -10.8 0.0 0.0 0.0 0.0 9.7 0.0 0.0 722.2 0.0 0.0 6.0 5.4 1.9 0.0 566.7 -1.1

68

Haji Mohammad Ismail Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

99.8 33.9 133.7 0.0 0.0 27.0 27.0 160.7 22.4 0.6 21.8 65.6 117.1 205.1 179.9 206.9 25.2 88.5 -157.5 244.4 135.7 9.7 340.8 460.9 460.9 0.0 445.4 15.5 454.1 11.0 0.0 11.0 2.3 0.0 0.0 -13.0 8.7 -21.7 18.4 -3.3 16.8 114.0 48.9 154.7 3.2 134.0 98.5 0.0 0.0 0.0 20.9 9.7 8.2 0.0 2.4 1.1 0.9 9.1 135.2 -237.5 74.1 13.4

2005
99.8 36.9 136.7 0.0 0.0 16.4 16.4 153.1 22.1 0.6 21.5 44.1 148.1 214.3 223.0 239.4 -8.7 117.9 -200.9 278.5 161.7 8.2 376.0 366.1 334.9 31.2 354.1 12.0 360.4 5.8 0.7 5.1 1.6 1.7 0.0 -7.6 1.8 -9.4 10.0 0.6 10.7 96.1 29.7 175.1 1.4 1666.7 137.0 98.4 12.1 0.2 0.6 31.4 8.7 3.7 205.9 1.2 1.4 0.5 0.4 6.0 97.4 -54.5 -20.6 13.7

2006
99.8 50.8 150.6 0.0 0.0 10.3 10.3 160.9 18.3 1.4 16.9 84.8 106.0 209.1 211.0 221.3 -1.9 154.9 -192.7 289.0 162.8 12.4 371.9 625.3 520.9 104.4 605.0 20.3 619.6 13.6 3.8 9.8 3.1 0.0 0.0 7.8 6.7 1.1 19.1 20.2 6.4 99.1 48.9 146.9 2.6 85.9 94.6 150.9 99.1 27.9 0.6 2.5 31.6 5.0 6.5 0.0 0.0 1.6 1.0 0.7 7.7 168.1 100.0 70.8 15.1

2007
119.8 54.3 174.1 0.0 0.0 3.3 3.3 177.4 2.2 2.2 0.0 63.0 64.2 129.4 173.8 177.1 -44.4 83.6 -171.6 367.5 221.7 20.1 351.1 265.3 248.8 16.5 247.8 17.5 260.5 4.8 38.4 -33.6 1.3 0.0 0.0 16.5 -34.9 51.4 -14.8 36.6 1.9 74.5 37.5 101.7 -9.6 -211.5 -40.4 145.3 98.2 800.0 14.5 45.9 -3.9 10.0 -19.3 0.0 0.0 -12.7 -2.8 -2.9 12.3 75.6 -380.0 -57.6 14.5

2008
119.8 22.1 141.9 0.0 0.0 21.6 21.6 163.5 0.1 0.1 0.0 42.1 27.9 70.1 125.3 146.9 -55.2 67.9 -125.2 367.5 218.7 5.8 288.8 70.5 70.5 0.0 79.5 -9.0 84.2 -13.7 9.3 -23.0 0.4 0.0 0.0 -13.9 -23.4 9.5 -17.6 -8.1 13.2 55.9 33.7 103.5 -8.0 168.3 217.3 118.4 119.4 -67.9 13.2 13.7 -1.7 30.1 -16.2 0.0 0.0 -32.6 -1.9 -2.0 2.6 24.4 -32.1 -73.4 11.8

2009
119.8 5.7 125.5 0.0 0.0 33.0 33.0 158.5 1.2 0.7 0.5 41.5 1.5 44.2 96.5 129.5 -52.3 73.9 -95.3 370.7 210.7 8.0 254.9 93.4 93.4 0.0 94.1 -0.7 96.8 -3.4 10.0 -13.4 0.0 0.0 0.0 -5.0 -13.4 8.4 -5.4 3.0 20.8 45.8 44.2 103.2 -5.3 268.0 -180.0 104.8 103.6 -294.1 10.7 13.5 0.0 28.8 -10.7 0.0 0.0 -14.3 -1.1 -1.1 3.7 36.6 -42.1 32.5 10.5

69

Hajra Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

68.8 -20.9 47.9 0.0 0.0 218.5 218.5 266.4 15.1 10.1 5.0 51.8 76.0 142.9 266.9 485.4 -124.0 292.8 -251.8 631.1 390.4 17.5 533.3 862.9 862.9 0.0 848.8 14.1 865.7 -2.8 12.0 -14.8 3.7 0.0 0.0 3.0 -18.5 21.5 -1.0 20.5 82.0 53.5 25.1 1013.4 -2.8 -616.7 -4.9 69.6 100.3 1.4 4.1 0.3 -30.9 0.0 -1.7 -2.2 -2.7 4.8 161.8 -51.1 34.8 7.0

2005
68.8 -39.4 29.4 0.0 0.0 220.6 220.6 250.0 12.1 7.1 5.0 15.0 91.5 118.6 320.1 540.7 -201.5 309.1 -308.0 704.5 451.5 12.3 570.1 563.5 563.5 0.0 562.1 1.4 571.9 -8.2 11.0 -19.2 2.5 0.0 0.0 -16.4 -21.7 5.3 -9.4 -4.1 88.2 37.1 8.5 1839.1 -3.4 42.7 101.5 2.0 3.6 0.4 -65.3 0.0 -3.4 -2.8 -3.2 3.2 98.8 27.3 -34.7 4.3

2006
137.5 -87.5 50.0 0.0 0.0 34.6 34.6 84.6 35.1 30.1 5.0 53.1 52.2 140.4 505.3 539.9 -364.9 104.9 -470.2 721.5 449.5 19.1 589.9 624.1 624.1 0.0 622.3 1.8 637.8 43.1 13.2 29.9 3.1 0.0 0.0 -165.4 26.8 -192.2 45.9 -146.3 40.9 27.8 17.5 1079.8 5.1 -16.2 -31.4 36.4 102.2 30.6 2.1 12.6 10.4 2.0 59.8 0.0 0.0 4.8 2.2 1.9 4.2 105.8 -178.6 10.8 3.6

2007
137.5 -158.8 -21.3 0.0 0.0 24.7 24.7 3.4 35.6 35.6 0.0 63.6 60.8 160.0 590.0 614.7 -430.0 95.0 -554.4 724.3 433.4 19.2 593.4 507.5 507.5 0.0 554.4 -46.9 567.2 -59.7 9.4 -69.1 2.5 0.0 0.0 -81.2 -71.6 -9.6 -52.4 -62.0 726.5 27.1 16.8 0.0 -11.6 88.2 84.5 -15.5 111.8 -15.7 1.9 9.9 -3.6 2.1 0.0 0.0 0.0 -13.6 -5.0 -5.2 4.3 85.5 -327.3 -18.7 -1.5

2008
137.5 -201.4 -63.9 0.0 0.0 196.5 196.5 132.6 4.3 4.3 0.0 51.4 86.7 142.4 547.0 743.5 -404.6 283.0 -542.7 724.4 537.3 18.5 679.7 665.2 665.2 0.0 667.5 -2.3 694.0 -28.2 15.0 -43.2 3.3 0.0 0.0 129.2 -46.5 175.7 -28.0 147.7 148.2 26.0 10.2 0.0 -6.4 -36.0 -19.0 -46.5 104.3 -53.2 2.3 5.3 -7.6 0.9 0.0 0.0 0.0 -6.5 -3.1 -3.4 4.3 97.9 -38.0 31.1 -4.6

2009
137.5 -285.5 -148.0 0.0 0.0 149.2 149.2 1.2 1.1 1.1 0.0 163.6 31.2 195.9 717.2 866.4 -521.3 280.5 -716.1 853.9 522.4 22.6 718.3 776.1 776.1 0.0 782.2 -6.1 820.1 -44.0 35.0 -79.0 0.0 0.0 0.0 -131.4 -79.0 -52.4 -56.4 -108.8 12433.3 27.3 23.0 0.0 -11.0 60.1 51.8 -107.6 105.7 -79.5 4.5 12.5 0.0 0.6 0.0 0.0 0.0 -10.2 -5.7 -5.7 4.2 108.0 83.9 16.7 -10.8

70

Hala Enterprises Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

37.8 -21.0 16.8 0.0 0.0 56.2 56.2 73.0 2.5 1.6 0.9 110.4 40.0 152.9 141.1 197.3 11.8 125.5 -138.6 130.0 61.2 4.8 214.1 278.9 5.0 273.9 237.1 41.8 277.9 31.0 6.9 24.1 2.0 0.0 0.0 64.8 22.1 42.7 26.9 69.6 77.0 108.4 80.0 1174.4 11.3 34.1 38.6 44.4 99.6 22.3 2.5 5.5 8.3 16.5 143.5 0.0 8.6 6.4 5.8 7.5 130.3 540.0 -22.2 4.4

2005
37.8 -1.0 36.8 0.0 0.0 34.0 34.0 70.8 1.5 0.6 0.9 114.5 59.1 175.1 171.0 205.0 4.1 128.9 -169.5 139.0 66.8 5.5 241.9 365.1 11.1 354.0 270.5 94.6 341.3 26.1 7.2 18.9 2.6 0.0 0.0 -2.2 16.3 -18.5 21.8 3.3 48.0 102.4 67.8 557.1 7.8 660.6 97.4 93.5 27.6 2.0 5.6 13.8 11.3 51.4 0.0 5.2 5.0 4.3 9.0 150.9 -21.9 30.9 9.7

2006
37.8 19.2 57.0 0.0 0.0 28.0 28.0 85.0 3.1 1.5 1.6 122.3 86.3 211.7 247.4 275.4 -35.7 160.7 -244.3 199.2 120.8 6.1 332.5 391.4 16.0 375.4 295.6 95.8 369.6 26.2 15.5 10.7 3.7 3.8 0.0 14.2 3.2 11.0 9.3 20.3 32.9 85.6 50.7 483.2 3.2 22.5 45.8 150.8 94.4 59.2 4.0 9.6 34.6 10.2 18.8 184.2 6.7 2.7 2.8 1.9 9.1 117.7 -44.0 7.2 15.1

2007
37.8 32.0 69.8 0.0 0.0 14.9 14.9 84.7 2.2 1.1 1.1 105.4 87.7 195.3 225.2 240.1 -29.9 98.9 -223.0 199.1 114.4 6.9 309.7 458.8 21.1 437.7 358.9 99.9 429.2 29.6 21.2 8.4 4.4 0.0 0.0 -0.3 4.0 -4.3 10.9 6.6 17.6 86.7 47.8 344.0 2.7 -1333.3 165.2 184.7 93.5 71.6 4.6 21.4 52.4 6.8 12.0 0.0 0.0 1.8 2.2 1.1 6.1 148.1 -21.4 17.2 18.5

2008
37.8 20.3 58.1 0.0 0.0 68.4 68.4 126.5 2.2 0.6 1.6 100.9 89.7 192.8 181.6 250.0 11.2 155.4 -179.4 204.2 115.3 7.0 308.1 429.2 20.3 408.9 358.0 71.2 424.2 10.7 19.1 -8.4 4.1 0.0 0.0 41.8 -12.5 54.3 -5.5 48.8 54.1 106.2 56.8 430.3 -2.7 -29.9 -11.3 153.7 98.8 178.5 4.5 12.3 -48.8 4.9 -14.5 0.0 0.0 -2.0 -2.2 -3.3 6.1 139.3 -200.0 -6.5 15.4

2009
37.8 30.1 67.9 0.0 0.0 19.5 19.5 87.4 3.6 1.4 2.2 101.2 90.8 195.6 217.6 237.1 -22.0 130.5 -214.0 204.4 109.3 6.7 304.9 454.6 19.8 434.8 348.2 106.4 421.1 34.0 20.4 13.6 4.4 0.0 0.0 -39.1 9.2 -48.3 15.9 -32.4 22.3 89.9 48.2 349.2 4.5 -23.5 -49.1 179.6 92.6 60.0 4.5 15.6 32.4 9.4 20.0 0.0 0.0 3.0 3.6 2.4 5.8 149.1 -263.6 5.9 18.0

71

Hamid Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

132.7 -296.5 -163.8 0.0 0.0 67.9 67.9 -95.9 0.1 0.1 0.0 53.3 41.4 94.8 423.1 491.0 -328.3 129.4 -423.0 309.8 232.4 14.0 327.2 71.6 71.6 0.0 105.7 -34.1 113.0 -13.8 3.7 -17.5 0.4 0.0 0.0 -53.6 -17.9 -35.7 -3.9 -39.6 22.4 12.6 -5.3 -123.4 157.8 5.2 2.9 25.0 -24.4 -1.3 -1.3 5.1 21.9 -61.8 73.8 -12.3

2005
132.7 -89.8 42.9 0.0 0.0 56.9 56.9 99.8 0.5 0.5 0.0 56.2 70.2 126.9 252.7 309.6 -125.8 165.6 -252.2 315.8 225.7 10.7 352.6 314.1 266.7 47.4 319.6 -5.5 327.3 -13.2 7.7 -20.9 1.4 0.0 0.0 195.7 -22.3 218.0 -11.6 206.4 57.0 50.2 22.4 721.7 -5.9 -11.4 -5.6 32.3 104.2 2.5 4.6 9.5 -48.7 0.0 -6.7 -1.6 -1.7 4.6 89.1 23.1 338.7 3.2

2006
132.7 -107.8 24.9 0.0 0.0 48.5 48.5 73.4 0.0 0.0 0.0 74.6 95.0 169.6 309.9 358.4 -140.3 201.7 -309.9 317.5 213.8 14.1 383.4 392.9 375.9 17.0 381.0 11.9 391.7 1.3 18.8 -17.5 2.0 0.0 0.0 -26.4 -19.5 -6.9 -5.4 -12.3 66.1 54.7 24.1 1439.4 -4.6 73.9 43.9 18.8 99.7 1446.2 4.8 9.3 -11.4 9.6 -70.3 0.0 0.0 -4.5 -1.3 -1.5 6.2 102.5 -18.8 25.1 1.9

2007
132.7 -344.0 -211.3 0.0 0.0 39.2 39.2 -172.1 0.8 0.8 0.0 60.9 70.7 132.4 502.4 541.6 -370.0 166.9 -501.6 294.6 197.9 12.6 330.3 380.9 367.8 13.1 383.4 -2.5 402.6 24.0 19.9 4.1 1.9 0.0 0.0 -245.5 2.2 -247.7 14.8 -232.9 0.0 26.4 12.3 0.0 1.2 -0.9 -6.4 -159.2 105.7 82.9 5.2 11.9 46.3 7.6 0.0 0.0 0.0 1.1 0.3 0.2 5.9 115.3 -123.1 -3.1 -15.9

2008
132.7 -344.0 -211.3 0.0 0.0 39.2 39.2 -172.1 0.8 0.8 0.0 60.9 70.7 132.4 502.4 541.6 -370.0 166.9 -501.6 294.6 197.9 12.6 330.3 380.9 367.8 13.1 383.4 -2.5 402.6 24.0 19.9 4.1 1.9 0.0 0.0 0.0 2.2 -2.2 14.8 12.6 0.0 26.4 12.3 0.0 1.2 0.0 117.5 -159.2 105.7 82.9 5.2 11.9 46.3 7.6 0.0 0.0 0.0 1.1 0.3 0.2 5.9 115.3 0.0 0.0 -15.9

2009
132.7 -367.2 -234.5 0.0 0.0 20.5 20.5 -214.0 0.6 0.6 0.0 33.6 46.3 80.5 485.2 505.7 -404.7 103.2 -484.6 328.6 190.7 11.8 271.2 250.1 250.1 0.0 272.0 -21.9 282.4 83.6 14.9 68.7 0.0 0.0 0.0 -41.9 68.7 -110.6 80.5 -30.1 0.0 16.6 7.0 0.0 25.3 -164.0 -267.4 -176.7 112.9 17.8 6.0 14.4 0.0 6.0 0.0 0.0 0.0 27.5 5.2 5.2 6.3 92.2 1633.3 -34.3 -17.7

72

Hira Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

-

2005
-

2006
-

2007
715.5 352.6 1068.1 0.0 0.0 289.5 289.5 1357.6 179.9 3.4 176.5 191.6 766.0 1137.5 1089.5 1379.0 48.0 1151.9 -909.6 543.8 1309.7 76.7 2447.2 1665.0 635.4 1029.6 1412.8 252.2 1491.4 179.1 158.2 20.9 15.8 0.0 0.0 5.1 81.8 21.3 104.4 34.1 129.1 0.9 0.0 0.0 149.3 89.6 88.3 9.5 13.7 75.6 5.0 2.0 0.0 0.0 1.3 0.3 0.1 5.4 68.0 -70.0 14.9

2008
715.5 412.3 1127.8 0.0 0.0 399.3 399.3 1527.1 210.3 2.1 208.2 288.6 1199.0 1697.9 1734.4 2133.7 -36.5 1340.3 -1524.1 2130.5 1563.6 69.1 3261.5 1729.2 1176.1 553.1 1471.2 258.0 1495.3 234.4 170.8 63.6 8.6 0.0 0.0 55.0 124.1 26.1 97.9 28.8 189.2 2.0 0.0 0.0 157.6 86.5 72.9 9.9 12.7 13.5 10.8 5.6 0.0 0.0 3.7 0.9 0.8 5.3 53.0 -10.0 15.8

2009
715.5 413.8 1129.3 0.0 0.0 295.8 295.8 1425.1 265.3 17.6 247.7 262.6 1194.9 1722.8 1798.4 2094.2 -75.6 1679.4 -1533.1 2144.8 1500.8 79.6 3223.6 2524.7 1660.5 864.2 2132.5 392.2 2213.7 353.2 341.0 12.2 10.4 0.0 0.0 -102.0 1.8 -103.8 81.4 -22.4 20.8 95.8 29.4 185.4 0.4 -1.8 -363.4 157.8 87.7 96.5 13.5 20.3 85.2 5.4 1.1 0.0 0.0 0.5 0.2 0.0 5.2 78.3 -77.8 46.0 15.8

73

Husein Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

106.3 337.4 443.7 0.0 0.0 0.0 0.0 443.7 6.8 6.4 0.4 737.2 457.8 1201.8 1249.1 1249.1 -47.3 714.3 -1242.3 1056.7 490.9 57.3 1692.7 1662.6 257.4 1405.2 1456.8 205.8 1586.6 78.4 23.4 55.0 7.9 21.3 0.0 31.6 25.8 5.8 83.1 88.9 0.0 96.2 59.6 281.5 3.2 81.6 93.5 417.4 95.4 29.8 1.4 3.3 14.4 36.0 12.4 221.1 4.8 3.3 5.2 4.4 11.3 98.2 -10.3 32.4 41.7

2005
106.3 366.2 472.5 0.0 0.0 0.0 0.0 472.5 9.4 8.9 0.5 699.8 593.8 1303.0 1354.8 1354.8 -51.8 812.7 -1345.4 1138.3 524.3 48.6 1827.3 959.3 519.9 439.4 827.6 131.7 891.5 69.3 32.4 36.9 4.5 21.3 0.0 28.8 11.1 17.7 59.7 77.4 0.0 96.2 52.3 286.7 2.0 38.5 77.1 444.5 92.9 46.8 3.4 4.0 12.2 63.9 7.8 152.1 4.5 3.8 3.5 3.0 9.9 52.5 -32.7 -42.3 44.4

2006
106.3 327.5 433.8 0.0 0.0 225.6 225.6 659.4 9.2 8.7 0.5 588.4 610.0 1207.6 1033.0 1258.6 174.6 852.5 -1023.8 1154.1 484.7 55.8 1692.3 1028.2 733.8 294.4 905.7 122.5 960.8 68.2 77.3 -9.1 5.2 0.0 0.0 186.9 -14.3 201.2 41.5 242.7 34.2 116.9 57.9 290.1 -0.5 -7.7 17.1 408.1 93.4 113.3 7.5 9.1 -57.1 46.3 -2.1 0.0 0.0 -0.9 -0.9 -1.3 10.6 60.8 -125.7 7.2 40.8

2007
106.3 309.3 415.6 0.0 0.0 234.4 234.4 650.0 4.8 4.8 0.0 684.3 800.1 1489.2 1320.5 1554.9 168.7 955.0 -1315.7 1201.6 481.3 50.9 1970.5 1155.1 561.1 594.0 992.1 163.0 1065.4 89.9 98.4 -8.5 7.4 0.0 0.0 217.0 -15.9 232.9 35.0 267.9 36.1 112.8 52.2 374.1 -0.4 -7.3 13.1 391.0 92.2 109.5 8.5 10.3 -87.1 46.6 -2.0 0.0 0.0 -0.7 -0.8 -1.5 10.6 58.6 -138.1 0.2 39.1

2008
106.3 291.1 397.4 0.0 0.0 144.9 144.9 542.3 4.2 4.2 0.0 699.9 801.4 1505.5 1428.4 1573.3 77.1 852.7 -1424.2 1231.7 465.3 46.5 1970.8 1089.4 468.0 621.4 939.4 150.0 995.3 94.3 110.6 -16.3 1.8 0.0 0.0 -107.7 -18.1 -89.6 28.4 -61.2 26.7 105.4 49.3 395.9 -0.8 16.8 -46.4 373.8 91.4 117.3 10.2 13.0 -11.0 50.9 -4.1 0.0 0.0 -1.5 -1.5 -1.7 9.7 55.3 87.5 -5.7 37.4

2009
106.3 278.5 384.8 0.0 0.0 248.8 248.8 633.6 1.8 1.3 0.5 784.6 797.8 1584.2 1393.4 1642.2 190.8 1248.2 -1391.6 1195.0 442.8 57.4 2027.0 1395.3 248.1 1147.2 1167.4 227.9 1222.8 174.5 160.9 13.6 6.8 0.0 0.0 91.3 6.8 84.5 64.2 148.7 39.3 113.7 56.4 426.8 0.7 7.4 43.2 362.0 87.6 92.2 11.5 12.9 50.0 44.0 3.5 0.0 0.0 1.0 1.3 0.6 12.3 68.8 -186.7 28.1 36.2

74

ICC Textiles Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

100.0 72.2 172.2 0.0 0.0 70.2 70.2 242.4 53.2 25.1 28.1 125.7 121.1 300.0 327.6 397.8 -27.6 277.2 -274.4 558.9 270.0 17.9 570.0 633.8 286.5 347.3 551.0 82.8 596.8 43.5 9.9 33.6 3.5 0.0 0.0 75.8 30.1 45.7 48.0 93.7 29.0 91.6 54.6 231.0 5.9 39.7 51.2 172.2 94.2 22.8 1.6 3.6 10.4 13.5 19.5 0.0 5.3 3.4 3.0 9.7 111.2 385.7 7.6 17.2

2005
100.0 81.8 181.8 0.0 0.0 233.2 233.2 415.0 23.7 23.7 0.0 187.4 226.0 437.1 579.9 813.1 -142.8 644.2 -556.2 866.2 557.8 20.6 994.9 540.3 296.2 244.1 481.6 58.7 514.3 28.3 16.9 11.4 3.2 0.0 0.0 172.6 8.2 164.4 28.8 193.2 56.2 75.4 36.4 447.2 1.1 4.8 14.9 181.8 95.2 59.7 3.1 2.6 28.1 26.6 6.3 0.0 2.1 1.1 0.8 7.6 54.3 -67.6 -14.8 18.2

2006
100.0 226.7 326.7 0.0 0.0 189.0 189.0 515.7 24.7 24.7 0.0 191.4 237.4 453.5 663.5 852.5 -210.0 660.5 -638.8 1088.5 725.6 55.7 1179.1 1205.2 663.8 541.4 1101.4 103.8 1163.0 44.1 70.0 -25.9 6.8 0.0 0.0 100.7 -32.7 133.4 23.0 156.4 36.6 68.3 32.6 260.9 -2.2 -32.5 14.7 326.7 96.5 158.7 5.8 10.6 -26.3 9.9 -7.9 0.0 0.0 -2.1 -2.6 -3.3 10.0 102.2 -336.4 123.1 32.7

2007
100.0 148.5 248.5 0.0 0.0 141.3 141.3 389.8 10.2 10.2 0.0 228.4 246.7 485.3 777.8 919.1 -292.5 632.7 -767.6 1091.0 682.2 53.1 1167.5 1223.4 778.0 445.4 1151.5 71.9 1213.7 10.1 82.4 -72.3 6.1 0.0 0.0 -125.9 -78.4 -47.5 -25.3 -72.8 36.2 62.4 30.7 369.9 -6.2 62.3 34.8 248.5 99.2 815.8 6.7 13.0 -8.4 13.1 -29.1 0.0 0.0 -5.9 -7.2 -7.8 7.3 104.8 176.9 1.5 24.9

2008
100.0 -13.4 86.6 0.0 0.0 147.8 147.8 234.4 12.1 12.1 0.0 236.4 179.9 428.4 830.8 978.6 -402.4 613.5 -818.7 1102.2 636.7 49.4 1065.1 1248.7 830.2 418.5 1268.2 -19.5 1314.9 -66.2 89.6 -155.8 6.2 0.0 0.0 -155.4 -162.0 6.6 -112.6 -106.0 63.1 51.6 29.9 1130.0 -14.6 104.2 106.2 86.6 105.3 -135.3 7.2 14.6 -4.0 13.2 -179.9 0.0 0.0 -12.5 -15.6 -16.2 7.2 117.2 116.7 2.1 8.7

2009
100.0 255.5 355.5 0.0 0.0 128.6 128.6 484.1 5.9 5.9 0.0 202.0 212.7 420.6 973.6 1102.2 -553.0 602.2 -967.7 1050.2 1037.2 43.4 1457.8 1331.9 909.9 422.0 1242.9 89.0 1287.4 44.9 114.7 -69.8 4.2 0.0 0.0 249.7 -74.0 323.7 -30.6 293.1 26.6 43.2 21.4 310.0 -4.8 -29.6 -10.4 355.5 96.7 255.5 8.6 19.0 -6.0 9.2 -19.6 0.0 0.0 -5.2 -7.0 -7.4 6.9 91.4 -55.1 6.7 35.6

75

Ideal Spinning Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

99.2 22.6 121.8 0.0 0.0 64.3 64.3 186.1 10.2 10.2 0.0 70.0 61.4 141.6 158.5 222.8 -16.9 168.8 -148.3 488.6 203.0 20.4 344.6 778.3 778.3 0.0 767.2 11.1 787.5 -9.1 8.3 -17.4 3.4 0.0 0.0 26.6 -20.8 47.4 -0.4 47.0 34.6 89.3 50.6 182.9 -5.0 -78.2 -0.9 122.8 101.2 1.1 4.9 3.9 -14.3 0.0 -2.2 -1.8 -2.1 12.2 225.9 -200.0 33.8 12.3

2005
99.2 42.5 141.7 0.0 0.0 250.5 250.5 392.2 6.0 6.0 0.0 73.8 78.5 158.3 170.8 421.3 -12.5 381.1 -164.8 704.4 404.7 17.3 563.0 583.5 583.5 0.0 547.9 35.6 565.0 18.8 13.5 5.3 2.6 0.0 0.0 206.1 2.7 203.4 20.0 223.4 63.9 92.7 46.7 297.3 0.9 1.3 9.0 142.8 96.8 71.8 2.3 3.5 49.1 8.1 3.7 0.0 0.9 0.5 0.3 8.5 103.6 -127.8 -25.0 14.3

2006
99.2 23.7 122.9 0.0 0.0 347.8 347.8 470.7 12.1 12.1 0.0 76.9 86.9 175.9 244.8 592.6 -68.9 511.9 -232.7 869.3 539.6 31.6 715.5 694.0 694.0 0.0 626.5 67.5 649.6 44.6 31.8 12.8 3.6 0.0 0.0 78.5 9.2 69.3 40.8 110.1 73.9 71.9 36.4 482.2 1.8 11.7 37.1 123.9 93.6 71.3 4.6 6.2 28.1 4.0 10.4 0.0 0.0 1.8 1.3 0.9 7.8 97.0 160.0 18.9 12.4

2007
99.2 11.3 110.5 0.0 0.0 326.3 326.3 436.8 39.5 39.5 0.0 51.9 81.0 172.4 296.0 622.3 -123.6 413.2 -256.5 931.9 560.4 43.7 732.8 800.2 800.2 0.0 734.2 66.0 759.2 43.8 57.3 -13.5 4.3 0.0 0.0 -33.9 -17.8 -16.1 25.9 9.8 74.7 58.2 30.9 563.2 -1.8 52.5 264.3 111.4 94.9 130.8 7.2 13.9 -31.9 3.3 -12.2 0.0 0.0 -1.7 -1.4 -1.8 8.1 109.2 -207.7 15.3 11.1

2008
99.2 -25.3 73.9 0.0 0.0 301.3 301.3 375.2 6.6 6.6 0.0 74.5 179.2 260.3 470.0 771.3 -209.7 471.5 -463.4 989.0 584.9 45.6 845.2 985.1 985.1 0.0 938.5 46.6 974.4 11.2 56.5 -45.3 4.9 0.0 0.0 -61.6 -50.2 -11.4 -4.6 -16.0 80.3 55.4 17.3 1043.7 -5.4 81.5 28.8 74.5 98.9 504.5 5.7 12.0 -10.8 4.1 -61.3 0.0 0.0 -4.6 -4.6 -5.1 8.1 116.6 228.6 23.1 7.4

2009
99.2 -70.6 28.6 0.0 0.0 266.7 266.7 295.3 3.3 3.3 0.0 83.6 90.3 177.2 444.9 711.6 -267.7 441.9 -441.6 1001.8 563.1 46.6 740.3 1111.4 1111.4 0.0 1050.1 61.3 1088.0 24.4 71.8 -47.4 0.0 0.0 0.0 -79.9 -47.4 -32.5 -0.8 -33.3 90.3 39.8 19.5 2488.1 -6.4 59.3 2.4 28.8 97.9 294.3 6.5 16.2 0.0 4.9 -165.7 0.0 0.0 -4.3 -4.8 -4.8 8.0 150.1 4.3 12.8 2.9

76

Idrees Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

180.5 241.7 422.2 0.0 0.0 159.7 159.7 581.9 3.7 3.7 0.0 225.1 183.7 412.5 463.9 623.6 -51.4 363.3 -460.2 850.8 633.3 48.7 1045.8 850.8 846.1 4.7 780.3 70.5 801.0 101.5 29.9 71.6 4.1 0.0 0.0 74.4 67.5 6.9 116.2 123.1 27.4 88.9 49.3 147.7 6.8 90.7 94.4 233.9 94.1 29.5 3.5 8.2 5.7 14.4 17.0 0.0 8.4 4.0 3.7 7.3 81.4 -366.7 132.6 23.4

2005
180.5 276.0 456.5 0.0 0.0 179.3 179.3 635.8 6.6 6.6 0.0 294.2 299.1 599.9 593.8 773.1 6.1 622.5 -587.2 988.2 629.7 38.0 1229.6 741.3 723.8 17.5 651.0 90.3 672.2 71.0 38.0 33.0 3.4 0.0 0.0 53.9 29.6 24.3 67.6 91.9 28.2 101.0 50.7 169.4 2.7 54.9 73.6 252.9 90.7 53.5 5.1 6.1 10.3 27.7 7.2 0.0 4.5 1.8 1.6 6.0 60.3 -55.0 -12.9 25.3

2006
180.5 390.0 570.5 0.0 0.0 127.8 127.8 698.3 43.6 43.6 0.0 295.2 266.9 605.7 789.8 917.6 -184.1 585.4 -746.2 1028.7 882.3 50.4 1488.0 621.0 603.0 18.0 509.5 111.5 536.2 86.1 60.5 25.6 3.1 0.0 0.0 62.5 22.5 40.0 72.9 112.9 18.3 76.7 42.9 160.8 1.7 36.0 64.6 316.1 86.3 70.3 9.7 10.3 12.1 33.4 4.5 0.0 0.0 4.1 1.4 1.2 8.0 41.7 -22.2 -16.2 31.6

2007
180.5 426.7 607.2 0.0 0.0 247.0 247.0 854.2 65.6 65.6 0.0 306.9 328.2 700.7 901.5 1148.5 -200.8 559.4 -835.9 1026.4 1054.9 52.6 1755.6 754.3 754.3 0.0 634.2 120.1 666.7 95.1 68.9 26.2 3.8 0.0 0.0 155.9 22.4 133.5 75.0 208.5 28.9 77.7 41.3 189.1 1.5 14.4 36.0 336.4 88.4 72.5 9.1 12.3 14.5 29.3 4.3 0.0 0.0 3.5 1.5 1.2 6.0 43.0 7.1 21.5 33.6

2008
180.5 413.0 593.5 0.0 0.0 366.0 366.0 959.5 101.5 101.5 0.0 368.1 489.2 958.8 1019.4 1385.4 -60.6 801.9 -917.9 1272.9 1020.0 63.9 1978.8 865.7 865.7 0.0 711.0 154.7 755.4 117.1 90.9 26.2 4.4 0.0 0.0 105.3 21.8 83.5 85.7 169.2 38.1 94.1 46.1 233.4 1.3 20.7 50.7 328.8 87.3 77.6 10.5 11.3 16.8 34.2 4.4 0.0 0.0 3.0 1.5 1.2 6.1 43.7 0.0 14.8 32.9

2009
180.5 421.3 601.8 0.0 0.0 99.8 99.8 701.6 30.8 30.8 0.0 348.2 490.1 869.1 1123.0 1222.8 -253.9 778.5 -1092.2 1276.1 955.6 67.5 1824.7 751.7 751.7 0.0 635.4 116.3 660.1 128.4 142.6 -14.2 3.1 0.0 0.0 -257.9 -17.3 -240.6 50.2 -190.4 14.2 77.4 33.7 203.2 -0.8 6.7 -26.4 333.4 87.8 111.1 19.0 18.3 -21.8 35.8 -2.4 0.0 0.0 -1.9 -0.8 -1.0 6.6 41.2 -153.3 -13.2 33.3

77

Indus Dyeing & Manufacturing Co. Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

119.3 808.5 927.8 0.0 0.0 525.7 525.7 1453.5 29.6 19.4 10.2 450.7 472.4 952.7 840.8 1366.5 111.9 627.3 -811.2 2010.6 1341.5 113.9 2294.2 3743.3 1358.6 2384.7 3284.0 459.3 3427.6 319.0 52.4 266.6 45.8 11.9 0.0 277.6 208.9 68.7 322.8 391.5 36.2 113.3 57.1 147.3 11.6 75.3 82.5 777.7 91.6 16.4 1.4 8.4 17.2 6.5 28.7 1855.5 1.3 7.1 22.3 18.5 9.7 163.2 27.4 51.8 77.8

2005
172.1 1507.0 1679.1 0.0 0.0 1712.4 1712.4 3391.5 35.2 24.2 11.0 522.9 1248.5 1806.6 1632.0 3344.4 174.6 2876.9 -1596.8 4375.3 3216.9 163.9 5023.5 3920.3 1680.8 2239.5 3174.3 746.0 3354.0 568.5 117.3 451.2 28.5 0.0 0.0 1938.0 422.7 1515.3 586.6 2101.9 50.5 110.7 34.2 199.2 9.0 21.8 27.9 975.7 85.6 20.6 3.0 4.1 6.3 7.4 26.9 0.0 11.5 26.2 24.6 8.3 78.0 17.5 4.7 97.6

2006
180.7 1698.3 1879.0 0.0 0.0 1977.6 1977.6 3856.6 28.7 28.7 0.0 730.4 1467.0 2226.1 2545.4 4523.0 -319.3 3884.7 -2516.7 5642.3 4175.9 339.9 6402.0 6176.5 1985.0 4191.5 5290.5 886.0 5525.3 675.3 292.9 382.4 69.6 27.1 0.0 465.1 285.7 179.4 625.6 805.0 51.3 87.5 29.8 240.7 6.0 61.4 77.7 1039.8 89.5 43.4 4.7 7.5 18.2 6.7 20.4 1154.2 1.4 6.2 21.2 17.3 10.6 96.5 -19.1 57.6 104.0

2007
180.7 2101.7 2282.4 0.0 0.0 1851.7 1851.7 4134.1 972.7 41.2 931.5 1001.9 1251.6 3226.2 2549.5 4401.2 676.7 3012.8 -1576.8 5130.6 3457.5 330.9 6683.7 6581.9 2351.1 4230.8 5636.8 945.1 5886.0 909.0 369.6 539.4 59.7 0.0 0.0 277.5 479.7 -202.2 810.6 608.4 44.8 126.5 77.5 192.8 8.1 172.9 133.2 1263.1 89.4 40.7 5.6 12.3 11.1 0.0 23.6 0.0 0.0 8.2 29.9 26.5 7.9 98.5 41.0 6.6 126.3

2008
180.7 2120.9 2301.6 0.0 0.0 1933.4 1933.4 4235.0 977.3 49.3 928.0 1170.5 1511.1 3658.9 2682.1 4615.5 976.8 3404.0 -1704.8 5262.7 3258.3 323.8 6917.2 7312.0 3643.9 3668.1 6413.0 899.0 6780.8 550.7 389.9 160.8 72.4 27.1 31.5 100.9 61.3 39.6 385.1 424.7 45.7 136.4 80.1 200.5 2.3 60.8 90.7 1273.7 92.7 70.8 5.3 11.5 45.0 11.8 7.0 326.2 1.2 2.2 8.9 4.9 9.4 105.7 -70.2 11.1 127.4

2009
180.7 2296.4 2477.1 0.0 0.0 1204.7 1204.7 3681.8 1103.0 66.9 1036.1 834.9 2215.8 4153.7 3526.8 4731.5 626.9 3777.9 -2423.8 5360.3 3054.9 309.4 7208.6 8470.1 4509.8 3960.3 7336.0 1134.1 7738.7 855.8 582.2 273.6 74.9 27.1 0.0 -553.2 171.6 -724.8 481.0 -243.8 32.7 117.8 54.9 191.0 3.8 -31.0 -197.3 1370.8 91.4 68.0 6.9 15.4 27.4 6.1 11.0 733.2 1.1 3.2 15.1 11.0 9.5 117.5 69.7 15.8 137.1

78

International Knitwear Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

30.0 -15.3 14.7 0.0 0.0 0.0 0.0 14.7 1.5 1.5 0.0 28.9 12.8 43.2 46.4 46.4 -3.2 6.5 -44.9 43.0 18.0 3.7 61.2 125.7 66.6 59.1 74.1 51.6 78.9 47.6 1.3 46.3 0.5 0.0 0.0 -5.6 45.8 -51.4 49.5 -1.9 0.0 93.1 65.5 315.6 75.7 49.0 62.8 2.7 1.0 20.0 1.1 14.3 315.0 0.0 36.8 15.4 15.3 16.7 205.4 5033.3 53.3 4.9

2005
30.0 -15.2 14.8 0.0 0.0 0.0 0.0 14.8 1.4 1.4 0.0 28.2 8.8 38.4 42.5 42.5 -4.1 6.1 -41.1 48.0 18.8 4.3 57.2 83.0 20.9 62.1 73.4 9.6 80.7 2.8 1.0 1.8 0.6 0.0 0.0 0.1 1.2 -1.1 5.5 4.4 0.0 90.4 69.6 287.2 3.1 1200.0 125.0 49.3 97.2 35.7 1.2 16.4 33.3 26.4 12.2 0.0 2.2 0.6 0.4 23.9 145.1 -96.1 -34.0 4.9

2006
30.0 -14.6 15.4 0.0 0.0 0.0 0.0 15.4 0.6 0.6 0.0 38.3 12.9 51.8 53.8 53.8 -2.0 7.7 -53.2 47.5 17.4 3.8 69.2 85.9 51.1 34.8 78.7 7.2 83.1 3.1 1.0 2.1 0.6 0.0 0.0 0.6 1.5 -0.9 5.3 4.4 0.0 96.3 72.3 349.4 3.0 250.0 120.5 51.3 96.7 32.3 1.2 13.0 28.6 34.6 13.6 0.0 0.0 2.4 0.7 0.5 20.5 124.1 16.7 3.5 5.1

2007
30.0 -8.3 21.7 0.0 0.0 0.0 0.0 21.7 1.4 1.4 0.0 56.6 14.1 72.1 67.5 67.5 4.6 8.4 -66.1 53.9 17.1 4.4 89.2 145.3 77.7 67.6 130.8 14.5 135.1 10.1 2.4 7.7 1.4 0.0 0.0 6.3 6.3 0.0 10.7 10.7 0.0 106.8 85.9 311.1 8.6 100.0 100.0 72.3 93.0 23.8 1.7 28.6 18.2 31.9 35.5 0.0 0.0 5.3 2.6 2.1 25.3 162.9 271.4 69.2 7.2

2008
30.0 5.6 35.6 0.0 0.0 0.2 0.2 35.8 16.0 16.0 0.0 61.3 10.4 87.7 66.3 66.5 21.4 5.7 -50.3 55.2 14.4 4.1 102.1 180.2 96.3 83.9 154.2 26.0 161.3 19.7 3.5 16.2 1.8 0.0 0.0 14.1 14.4 -0.3 18.5 18.2 0.6 132.3 116.6 186.8 15.9 102.1 101.6 118.7 89.5 17.8 1.9 61.4 11.1 27.7 45.5 0.0 0.0 9.0 5.4 4.8 24.0 176.5 107.7 24.0 11.9

2009
30.0 16.7 46.7 0.0 0.0 0.0 0.0 46.7 3.8 3.8 0.0 56.9 7.5 68.2 41.5 41.5 26.7 0.0 -37.7 63.1 20.0 4.3 88.2 158.5 86.8 71.7 137.1 21.4 143.6 17.7 5.8 11.9 1.7 2.3 2.3 10.9 7.9 3.0 12.2 15.2 0.0 164.3 146.3 88.9 13.5 72.5 80.3 155.7 90.6 32.8 3.7 0.0 14.3 29.0 25.5 443.5 4.9 7.5 4.0 3.4 29.9 179.7 -25.9 -12.0 15.6

79

Ishaq Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

96.6 379.8 476.4 0.0 0.0 170.4 170.4 646.8 9.2 9.2 0.0 447.9 415.5 872.6 941.8 1112.2 -69.2 964.3 -932.6 1060.6 716.0 58.8 1588.6 1619.1 1619.1 0.0 1481.4 137.7 1534.5 85.7 44.1 41.6 7.5 0.0 0.0 -31.0 34.1 -65.1 92.9 27.8 26.3 92.7 48.5 233.5 2.6 334.2 493.2 94.8 51.5 2.7 4.6 18.0 21.3 8.7 0.0 2.6 4.3 3.5 8.1 101.9 13.2 11.0 49.3

2005
96.6 414.4 511.0 0.0 0.0 292.4 292.4 803.4 86.8 86.8 0.0 557.2 430.4 1074.4 1053.8 1346.2 20.6 1128.7 -967.0 1168.3 782.8 38.2 1857.2 1313.5 692.6 620.9 1155.7 157.8 1208.8 105.1 64.5 40.6 7.4 0.0 0.0 156.6 33.2 123.4 71.4 194.8 36.4 102.0 61.1 263.4 2.2 21.2 36.7 529.0 92.0 61.4 4.9 5.7 18.2 34.0 7.9 0.0 3.1 4.2 3.4 5.3 70.7 -2.3 -18.9 52.9

2006
96.6 355.0 451.6 0.0 0.0 343.3 343.3 794.9 6.9 6.9 0.0 469.3 438.9 915.1 1037.3 1380.6 -122.2 1096.9 -1030.4 1324.3 917.0 55.8 1832.1 1582.6 935.5 647.1 1388.5 194.1 1453.8 132.2 107.2 25.0 13.3 4.8 0.0 -8.5 6.9 -15.4 62.7 47.3 43.2 88.2 45.9 305.7 1.4 -81.2 132.6 467.5 91.9 81.1 6.8 9.8 53.2 2.8 5.5 243.8 1.1 1.6 2.6 1.2 7.1 86.4 -38.1 20.5 46.7

2007
96.6 373.0 469.6 0.0 0.0 338.1 338.1 807.7 91.1 91.1 0.0 454.3 541.4 1086.8 1200.5 1538.6 -113.7 1093.9 -1109.4 1438.6 921.5 69.3 2008.3 1732.5 1105.3 627.2 1569.3 163.2 1623.0 114.6 120.3 -5.7 9.5 0.0 0.0 12.8 -15.2 28.0 54.1 82.1 41.9 90.5 45.4 327.6 -0.3 -118.8 65.9 486.1 93.7 105.0 6.9 11.0 -166.7 20.8 -1.2 0.0 0.0 -0.3 -0.6 -1.6 7.6 86.3 -123.1 9.5 48.6

2008
96.6 355.0 451.6 0.0 0.0 451.6 451.6 903.2 13.7 13.7 0.0 566.3 680.6 1260.6 1227.7 1679.3 32.9 1417.6 -1214.0 1450.4 870.2 67.9 2130.8 2200.7 1243.5 957.2 1960.3 240.4 2047.4 154.1 168.7 -14.6 11.0 0.0 0.0 95.5 -25.6 121.1 42.3 163.4 50.0 102.7 47.2 371.9 -0.7 -26.8 25.9 467.5 93.0 109.5 7.7 11.9 -75.3 20.6 -3.2 0.0 0.0 -0.7 -1.5 -2.7 7.4 103.3 150.0 27.0 46.7

2009
96.6 331.8 428.4 0.0 0.0 370.4 370.4 798.8 9.6 9.6 0.0 507.7 641.7 1159.0 1176.9 1547.3 -17.9 1368.9 -1167.3 1460.9 816.8 64.2 1975.8 2389.3 1630.5 758.8 2093.8 295.5 2188.7 209.6 230.2 -20.6 8.1 0.0 0.0 -104.4 -28.7 -75.7 35.5 -40.2 46.4 98.5 44.0 361.2 -1.0 27.5 -88.3 443.5 91.6 109.8 9.6 16.8 -39.3 17.0 -4.8 0.0 0.0 -0.9 -2.1 -3.0 7.4 120.9 40.0 8.6 44.3

80

Ishtiaq Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

42.5 -23.6 18.9 0.0 0.0 86.9 86.9 105.8 8.2 8.2 0.0 69.6 28.5 106.3 181.3 268.2 -75.0 106.5 -173.1 360.9 180.6 13.1 286.9 645.6 645.6 0.0 636.2 9.4 644.9 0.7 12.3 -11.6 2.8 0.0 0.0 -16.1 -14.4 -1.7 -1.3 -3.0 82.1 58.6 42.9 1419.0 -4.0 44.5 99.9 1757.1 1.9 11.5 3.6 -61.4 0.0 -1.8 -2.7 -3.4 7.1 225.0 12.5 31.8 4.4

2005
42.5 -15.2 27.3 0.0 0.0 77.0 77.0 104.3 2.7 2.7 0.0 57.7 76.9 137.3 207.7 284.7 -70.4 149.1 -205.0 364.5 174.8 9.7 312.1 390.5 390.5 0.0 365.1 25.4 370.9 19.8 9.4 10.4 1.7 0.0 0.0 -1.5 8.7 -10.2 18.4 8.2 73.8 66.1 29.1 1042.9 3.3 224.4 64.2 95.0 47.5 2.4 6.3 16.3 4.6 38.1 0.0 2.7 2.4 2.0 5.4 125.1 -188.9 -39.5 6.4

2006
42.5 99.8 142.3 0.0 0.0 56.4 56.4 198.7 0.8 0.8 0.0 79.2 78.6 158.6 289.9 346.3 -131.3 149.2 -289.1 534.4 329.9 14.8 488.5 535.9 535.9 0.0 502.9 33.0 511.1 24.8 15.9 8.9 2.7 0.0 0.0 94.4 6.2 88.2 21.0 109.2 28.4 54.7 27.6 243.4 1.8 6.6 19.2 334.8 95.4 64.1 3.0 10.7 30.3 6.2 6.3 0.0 0.0 1.7 2.1 1.5 8.5 109.7 -12.5 37.2 33.5

2007
42.5 97.7 140.2 0.0 0.0 17.8 17.8 158.0 0.7 0.7 0.0 96.6 78.3 175.6 330.4 348.2 -154.8 108.4 -329.7 538.9 312.9 21.5 488.5 549.3 549.3 0.0 521.0 28.3 530.3 19.0 24.2 -5.2 2.7 0.0 0.0 -40.7 -7.9 -32.8 13.6 -19.2 11.3 53.1 29.4 248.4 -1.1 19.4 -70.8 329.9 96.5 127.4 4.4 22.3 -51.9 8.7 -3.7 0.0 0.0 -0.9 -1.2 -1.9 6.5 112.4 -157.1 2.5 33.0

2008
42.5 89.4 131.9 0.0 0.0 88.7 88.7 220.6 0.7 0.7 0.0 110.3 63.5 174.5 246.8 335.5 -72.3 180.2 -246.1 539.0 292.8 20.1 467.3 531.5 531.5 0.0 519.5 12.0 527.8 3.7 15.4 -11.7 2.7 0.0 0.0 62.6 -14.4 77.0 5.7 82.7 40.2 70.7 45.0 254.4 -2.5 -23.0 6.9 310.4 99.3 416.2 2.9 8.5 -23.1 11.0 -8.9 0.0 0.0 -2.2 -2.8 -3.4 6.4 113.7 133.3 -3.2 31.0

2009
42.5 54.6 97.1 0.0 0.0 0.0 0.0 97.1 3.7 3.7 0.0 83.8 105.3 192.8 369.5 369.5 -176.7 135.6 -365.8 538.9 273.8 18.9 466.6 226.4 226.4 0.0 239.9 -13.5 246.7 -20.3 20.1 -40.4 0.0 0.0 0.0 -123.5 -40.4 -83.1 -21.5 -104.6 0.0 52.2 23.7 380.5 -8.7 32.7 20.6 228.5 109.0 -99.0 8.9 14.8 0.0 12.3 -41.6 0.0 0.0 -17.8 -9.5 -9.5 6.5 48.5 239.3 -57.4 22.8

81

Island Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

5.0 232.9 237.9 0.0 0.0 189.2 189.2 427.1 6.1 4.1 2.0 173.5 261.8 441.4 421.2 610.4 20.2 478.3 -415.1 467.1 407.0 42.4 848.4 943.9 846.1 97.8 876.2 67.7 902.3 42.3 25.0 17.3 4.2 1.3 0.0 95.7 11.8 83.9 54.2 138.1 44.3 104.8 42.6 256.6 2.0 12.3 39.2 4758.0 95.6 59.1 2.6 5.2 24.3 12.0 7.3 1007.7 0.5 1.8 34.6 26.2 12.2 111.3 -64.9 43.5 475.8

2005
5.0 233.6 238.6 0.0 0.0 132.7 132.7 371.3 13.4 10.5 2.9 198.6 219.7 431.7 446.8 579.5 -15.1 408.6 -433.4 475.9 386.4 30.3 818.1 798.7 615.7 183.0 733.2 65.5 768.0 31.1 25.3 5.8 3.6 1.3 0.0 -55.8 0.9 -56.7 31.2 -25.5 35.7 96.6 47.4 242.9 0.7 4772.0 96.2 81.4 3.2 6.2 62.1 16.3 2.4 169.2 0.5 0.7 11.6 4.4 7.4 97.6 -66.5 -15.4 477.2

2006
5.0 190.8 195.8 0.0 0.0 135.6 135.6 331.4 34.7 16.1 18.6 178.0 134.5 347.2 378.1 513.7 -30.9 347.5 -343.4 479.9 362.3 30.3 709.5 980.1 710.3 269.8 846.8 133.3 898.7 81.9 53.6 28.3 9.4 1.3 0.0 -39.9 17.6 -57.5 47.9 -9.6 40.9 91.8 56.3 262.4 4.0 -44.1 -499.0 3916.0 91.7 65.4 5.5 15.4 33.2 11.4 14.5 1453.8 0.7 2.9 56.6 37.8 7.8 138.1 387.9 22.7 391.6

2007
5.0 216.3 221.3 0.0 0.0 61.1 61.1 282.4 40.6 23.1 17.5 239.6 242.2 522.4 585.5 646.6 -63.1 406.9 -544.9 496.0 345.4 27.2 867.8 1007.6 676.0 331.6 875.4 132.2 942.1 74.0 55.7 18.3 11.1 1.3 0.0 -49.0 5.9 -54.9 33.1 -21.8 21.6 89.2 47.9 292.2 2.1 -12.0 -151.8 4426.0 93.5 75.3 5.5 13.7 60.7 16.3 8.3 553.8 0.6 1.8 36.6 14.4 7.5 116.1 -35.3 2.8 442.6

2008
5.0 344.9 349.9 0.0 0.0 284.8 284.8 634.7 29.2 11.0 18.2 299.6 327.0 655.8 615.9 900.7 39.9 737.1 -586.7 610.9 594.7 25.6 1250.5 1025.0 544.6 480.4 868.1 156.9 1011.3 23.3 56.5 -33.2 5.7 0.0 0.0 352.3 -38.9 391.2 -13.3 377.9 44.9 106.5 53.4 257.4 -2.7 -11.0 -3.5 6998.0 98.7 242.5 5.5 7.7 -17.2 16.0 -9.5 0.0 0.0 -3.2 -66.4 -77.8 7.4 82.0 -281.4 1.7 699.8

2009
5.0 351.6 356.6 0.0 0.0 169.8 169.8 526.4 141.2 10.7 130.5 188.3 370.8 700.3 751.9 921.7 -51.6 633.6 -610.7 632.4 578.1 1.7 1278.4 1245.2 885.4 359.8 1131.9 113.3 1241.3 -3.0 137.1 -140.1 3.5 0.0 0.0 -108.3 -143.6 35.3 -141.9 -106.6 32.3 93.1 43.8 258.5 -11.0 132.6 133.1 7132.0 99.7 -4570.0 11.0 21.6 -2.5 9.6 -39.3 0.0 0.0 -11.3 -280.2 -287.2 0.3 97.4 322.0 21.5 713.2

82

J.A. Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

126.0 -154.1 -28.1 0.0 0.0 15.1 15.1 -13.0 2.4 2.4 0.0 15.3 16.6 34.3 254.7 269.8 -220.4 15.1 -252.3 286.5 207.4 9.7 241.7 264.7 245.3 19.4 298.7 -34.0 307.4 -39.0 2.8 -41.8 1.2 0.0 0.0 -68.3 -43.0 -25.3 -33.3 -58.6 13.5 6.9 -17.3 -22.3 116.1 1.1 18.5 1.1 -15.8 -3.3 -3.4 4.9 109.5 -925.0 -26.3 -2.2

2005
126.0 -131.1 -5.1 0.0 0.0 15.1 15.1 10.0 9.5 9.4 0.1 20.5 34.0 64.0 259.8 274.9 -195.8 15.1 -250.3 309.5 205.9 8.4 269.9 221.9 154.6 67.3 209.1 12.8 221.7 0.2 2.2 -2.0 1.4 0.0 0.0 23.0 -3.4 26.4 5.0 31.4 151.0 24.6 11.5 -0.7 -14.8 15.9 -4.0 99.9 1100.0 1.0 14.6 0.8 -0.9 -0.2 -0.3 4.1 82.2 -93.9 -16.2 -0.4

2006
126.0 -167.9 -41.9 0.0 0.0 215.5 215.5 173.6 1.6 1.4 0.2 51.0 13.2 65.8 83.2 298.7 -17.4 215.5 -81.6 315.2 191.0 20.6 256.8 470.0 470.0 0.0 437.0 33.0 457.4 12.9 3.0 9.9 3.8 0.0 0.0 163.6 6.1 157.5 26.7 184.2 124.1 79.1 63.2 0.0 3.9 3.7 14.5 -33.3 97.3 23.3 0.6 1.4 38.4 0.5 0.0 0.0 0.0 2.1 0.8 0.5 10.0 183.0 -500.0 111.8 -3.3

2007
126.0 17.0 143.0 0.0 0.0 15.1 15.1 158.1 20.9 20.9 0.0 64.7 15.2 100.8 312.4 327.5 -211.6 15.1 -291.5 387.7 369.7 21.3 470.5 497.6 446.2 51.4 471.6 26.0 487.0 15.2 3.0 12.2 2.5 0.0 0.0 -15.5 9.7 -25.2 31.0 5.8 9.6 32.3 27.4 229.0 2.6 -62.6 534.5 113.5 97.9 19.7 0.6 19.9 20.5 1.4 8.5 0.0 0.0 2.5 1.0 0.8 11.2 105.8 25.0 5.9 11.3

2008
126.0 -13.6 112.4 0.0 0.0 15.1 15.1 127.5 14.9 14.9 0.0 53.1 26.4 94.4 299.1 314.2 -204.7 15.1 -284.2 387.9 332.2 37.4 426.6 572.4 549.1 23.3 590.5 -18.1 603.1 -30.7 3.1 -33.8 2.8 0.0 0.0 -30.6 -36.6 6.0 0.8 6.8 11.8 31.6 22.7 279.5 -7.9 119.6 11.8 89.2 105.4 -10.1 0.5 20.5 -8.3 0.0 -30.1 0.0 0.0 -5.9 -2.7 -2.9 10.1 134.2 -370.0 15.0 8.9

2009
126.0 -50.4 75.6 0.0 0.0 15.1 15.1 90.7 9.7 9.7 0.0 24.6 13.6 47.9 262.5 277.6 -214.6 15.1 -252.8 387.9 305.4 27.3 353.3 480.3 433.1 47.2 509.7 -29.4 521.1 -40.8 0.2 -41.0 0.6 0.0 0.0 -36.8 -41.6 4.8 -14.3 -9.5 16.6 18.2 13.1 367.2 -11.6 113.0 150.5 60.0 108.5 -0.5 0.0 1.3 -1.5 0.0 -54.2 0.0 0.0 -8.5 -3.3 -3.3 8.2 135.9 22.2 -16.1 6.0

83

J.K. Spinning Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

70.0 276.5 346.5 0.0 0.0 52.9 52.9 399.4 27.6 27.6 0.0 134.8 157.0 319.4 313.0 365.9 6.4 240.6 -285.4 404.3 393.1 14.8 712.5 660.1 388.2 271.9 614.9 45.2 634.0 29.3 22.2 7.1 6.2 0.0 0.0 102.5 0.9 101.6 15.7 117.3 13.2 102.0 51.9 105.6 1.0 0.9 13.4 495.0 96.0 75.8 3.4 9.2 87.3 12.5 2.0 0.0 1.1 1.0 0.1 5.1 92.6 11.1 29.1 49.5

2005
70.0 268.9 338.9 0.0 0.0 121.6 121.6 460.5 40.8 40.8 0.0 228.6 134.1 403.5 400.3 521.9 3.2 393.3 -359.5 480.0 457.2 11.9 860.7 415.9 98.3 317.6 368.0 47.9 403.1 14.2 19.5 -5.3 3.9 0.0 0.0 61.1 -9.2 70.3 2.7 73.0 26.4 100.8 67.3 154.0 -0.6 -15.1 3.7 484.1 96.9 137.3 4.7 5.0 41.8 -1.6 0.0 -1.3 -0.8 -1.3 3.0 48.3 -180.0 -37.0 48.4

2006
70.0 202.6 272.6 0.0 0.0 242.8 242.8 515.4 7.6 7.6 0.0 280.2 122.2 410.0 612.3 855.1 -202.3 615.1 -604.7 759.7 717.7 19.3 1127.7 614.8 614.8 0.0 539.9 74.9 601.4 10.8 51.9 -41.1 7.0 0.0 0.0 54.9 -48.1 103.0 -28.8 74.2 47.1 67.0 47.0 313.7 -3.6 -87.6 -38.8 389.4 97.8 480.6 8.4 8.4 -17.0 32.5 -15.1 0.0 0.0 -6.7 -5.9 -6.9 4.2 54.5 637.5 47.8 38.9

2007
70.0 413.8 483.8 0.0 0.0 98.9 98.9 582.7 9.8 9.8 0.0 253.6 122.4 385.8 814.3 913.2 -428.5 387.6 -804.5 1012.5 1011.2 29.4 1397.0 637.1 366.8 270.3 515.9 121.2 555.0 91.6 77.3 14.3 8.7 0.0 0.0 67.3 5.6 61.7 35.0 96.7 17.0 47.4 32.3 188.8 1.0 8.3 36.2 691.1 87.1 84.4 12.1 19.9 60.8 19.8 3.0 0.0 0.0 2.2 2.0 0.8 4.1 45.6 -133.9 3.6 69.1

2008
70.0 371.3 441.3 0.0 0.0 192.8 192.8 634.1 20.8 20.8 0.0 221.4 181.4 423.6 740.8 933.6 -317.2 484.2 -720.0 997.7 951.3 48.8 1374.9 747.6 615.4 132.2 646.2 101.4 675.4 81.3 91.7 -10.4 4.9 0.0 0.0 51.4 -15.3 66.7 33.5 100.2 30.4 57.2 32.7 211.6 -0.8 -29.8 33.4 630.4 90.3 112.8 12.3 18.9 -47.1 12.9 -2.4 0.0 0.0 -1.4 -1.5 -2.2 4.8 54.4 -175.0 17.3 63.0

2009
70.0 351.3 421.3 0.0 0.0 73.7 73.7 495.0 5.2 5.2 0.0 291.4 107.4 404.0 837.5 911.2 -433.5 334.1 -832.3 1044.3 928.5 47.3 1332.5 835.2 687.7 147.5 743.5 91.7 779.9 70.2 71.8 -1.6 1.3 0.0 0.0 -139.1 -2.9 -136.2 44.4 -91.8 14.9 48.2 35.4 216.3 -0.1 2.1 -48.4 601.9 93.4 102.3 8.6 21.5 -81.3 18.0 -0.4 0.0 0.0 -0.2 -0.2 -0.4 5.0 62.7 -86.7 11.7 60.2

84

Janana De Malucho Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

28.7 555.6 584.3 0.1 0.0 0.0 0.1 584.4 12.9 3.2 9.7 112.1 138.1 263.1 478.6 478.7 -215.5 140.5 -465.7 1007.1 799.9 50.1 1063.0 728.3 728.3 0.0 661.0 67.3 692.7 42.8 6.1 36.7 15.4 0.0 0.0 280.9 21.3 259.6 71.4 331.0 0.0 55.0 26.1 81.9 3.5 7.6 21.6 2035.9 95.1 14.3 0.8 4.3 42.0 0.5 6.3 0.0 5.0 12.8 7.4 14.1 68.5 -12.9 26.0 203.6

2005
28.8 655.3 684.1 0.0 0.0 351.1 351.1 1035.2 12.0 2.3 9.7 90.6 325.1 427.7 571.5 922.6 -143.8 755.5 -559.5 1420.6 1179.0 37.1 1606.7 523.8 523.8 0.0 488.9 34.9 517.3 11.1 20.6 -9.5 2.3 0.0 0.0 450.8 -11.8 462.6 25.3 487.9 33.9 74.8 18.0 134.9 -0.6 -2.6 5.2 2375.3 98.8 185.6 3.9 2.7 0.4 -1.4 0.0 -1.8 -3.3 -4.1 4.6 32.6 -125.8 -28.1 237.5

2006
28.8 517.1 545.9 0.0 0.0 356.7 356.7 902.6 36.7 9.8 26.9 78.5 308.0 423.2 746.7 1103.4 -323.5 879.8 -710.0 1556.2 1226.0 93.0 1649.2 970.4 970.4 0.0 901.7 68.7 934.2 39.2 83.5 -44.3 4.9 0.0 0.0 -132.6 -49.2 -83.4 43.8 -39.6 39.5 56.7 15.4 202.1 -2.7 37.1 -110.6 1895.5 96.3 213.0 8.6 9.5 -11.1 0.6 -8.1 0.0 0.0 -4.6 -15.4 -17.1 7.9 58.8 366.7 85.3 189.5

2007
31.7 858.0 889.7 0.1 16.5 360.9 377.5 1267.2 33.8 4.8 29.0 101.1 379.0 513.9 794.7 1172.2 -280.8 846.2 -760.9 1836.4 1548.0 50.4 2061.9 1079.6 1079.6 0.0 934.3 145.3 971.7 112.8 106.6 6.2 5.4 0.0 10.1 364.6 0.8 363.8 51.2 415.0 29.8 64.7 17.0 131.8 0.3 0.2 12.3 2806.6 90.0 94.5 9.9 12.6 87.1 2.1 0.7 0.0 0.0 0.6 2.0 0.3 4.5 52.4 -113.0 11.3 280.7

2008
31.7 869.4 901.1 0.0 0.0 478.8 478.8 1379.9 46.1 5.1 41.0 127.8 430.8 604.7 748.8 1227.6 -144.1 1063.3 -702.7 1825.3 1524.0 55.0 2128.7 1130.6 1130.6 0.0 979.0 151.6 1020.5 113.2 93.8 19.4 5.6 0.0 0.0 112.7 13.8 98.9 68.8 167.7 34.7 80.8 23.2 136.2 0.9 12.2 41.0 2842.6 90.3 82.9 8.3 8.8 28.9 3.3 2.2 0.0 0.0 1.7 6.1 4.4 3.5 53.1 205.0 4.7 284.3

2009
31.7 800.1 831.8 0.0 0.0 326.3 326.3 1158.1 14.0 3.2 10.8 102.9 358.9 475.8 819.2 1145.5 -343.4 881.3 -805.2 1885.1 1501.5 53.6 1977.3 1071.7 1071.7 0.0 1010.1 61.6 1050.8 -5.6 143.5 -149.1 0.0 0.0 0.0 -221.8 -149.1 -72.7 -95.5 -168.2 28.2 58.1 14.3 137.7 -7.5 67.2 56.8 2624.0 98.0 -2562.5 13.4 16.3 0.0 2.5 -17.9 0.0 0.0 -13.9 -47.0 -47.0 3.5 54.2 -870.5 -5.2 262.4

85

Jubilee Spinning & Weaving Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

70.2 -147.2 -77.0 0.0 0.0 182.4 182.4 105.4 92.9 1.1 91.8 75.3 32.2 200.4 324.8 507.2 -124.4 192.7 -231.9 340.7 229.8 18.9 430.2 540.4 540.4 0.0 523.9 16.5 540.9 46.7 12.3 34.4 2.7 0.0 0.0 -29.6 31.7 -61.3 50.6 -10.7 173.1 61.7 51.8 8.0 -109.7 100.1 26.3 2.3 6.4 7.8 8.2 6.4 4.9 4.5 7.6 125.6 -208.9 23.4 -11.0

2005
70.2 -154.8 -84.6 0.0 0.0 162.5 162.5 77.9 107.7 3.5 104.2 45.2 30.3 183.2 336.5 499.0 -153.3 198.6 -228.8 451.0 231.1 111.0 414.3 436.5 436.5 0.0 413.0 23.5 430.1 15.3 10.2 5.1 2.2 0.0 0.0 -27.5 2.9 -30.4 113.9 83.5 208.6 54.4 45.4 1.2 136.4 -120.5 98.5 66.7 2.3 5.1 43.1 4.8 1.2 0.7 0.4 48.3 105.4 -85.7 -19.2 -12.1

2006
70.2 174.0 244.2 0.0 0.0 141.2 141.2 385.4 95.6 5.8 89.8 52.8 40.9 189.3 375.4 516.6 -186.1 189.4 -279.8 713.6 571.4 22.3 760.7 581.3 581.3 0.0 556.3 25.0 570.9 12.0 16.8 -4.8 2.9 0.0 0.0 307.5 -7.7 315.2 14.6 329.8 36.6 50.4 39.5 211.5 -0.6 -2.5 4.4 347.9 98.2 140.0 2.9 8.9 -60.4 1.5 -2.0 0.0 0.0 -0.8 -0.7 -1.1 9.6 76.4 -200.0 33.2 34.8

2007
70.2 -35.0 35.2 0.0 0.0 288.5 288.5 323.7 5.4 5.4 0.0 69.6 22.3 97.3 310.8 599.3 -213.5 295.2 -305.4 570.6 537.4 24.3 634.7 651.2 651.2 0.0 658.8 -7.6 671.9 22.6 13.5 9.1 4.8 0.0 0.0 -61.7 4.3 -66.0 28.6 -37.4 89.1 31.3 24.1 1702.6 1.4 -7.0 -76.5 50.1 103.2 59.7 2.1 4.6 52.7 1.1 25.9 0.0 0.0 1.4 1.3 0.6 4.3 102.6 -285.7 12.0 5.0

2008
70.2 289.1 359.3 0.0 0.0 154.0 154.0 513.3 6.0 5.4 0.6 111.2 30.7 147.9 301.5 455.5 -153.6 154.0 -295.5 857.2 667.0 200.6 814.9 751.9 751.9 0.0 741.3 10.6 755.4 9.5 9.4 0.1 3.8 0.0 0.0 189.6 -3.7 193.3 196.9 390.2 30.0 49.1 38.9 126.8 0.0 -2.0 50.5 511.8 100.5 98.9 1.3 6.1 3800.0 1.3 0.0 0.0 0.0 0.0 0.0 -0.5 37.3 92.3 -100.0 15.5 51.2

2009
324.9 331.2 656.1 0.0 0.0 57.2 57.2 713.3 56.5 8.0 48.5 197.7 28.6 282.8 219.1 276.3 63.7 97.7 -162.6 872.0 649.7 21.7 932.5 763.3 763.3 0.0 707.4 55.9 754.4 34.9 10.8 24.1 1.3 0.0 0.0 200.0 22.8 177.2 44.5 221.7 8.0 129.1 116.0 42.1 2.6 11.4 20.1 201.9 98.8 30.9 1.4 11.1 5.4 0.0 3.7 0.0 0.0 3.2 0.7 0.7 3.3 81.9 0.0 1.5 20.2

86

Karim Cotton Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

11.8 -12.2 -0.4 0.0 0.0 0.0 0.0 -0.4 0.0 0.0 0.0 0.1 0.0 0.1 0.5 0.5 -0.4 0.0 -0.5 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.1 -0.1 0.0 -0.1 0.0 0.0 0.0 3.8 -0.1 3.9 -0.1 3.8 20.0 20.0 -100.0 -2.6 -2.6 -3.4 -0.1 -0.1 0.0 0.0 0.0 -0.3

2005
11.8 -12.2 -0.4 0.0 0.0 0.0 0.0 -0.4 0.0 0.0 0.0 0.1 0.0 0.1 0.5 0.5 -0.4 0.0 -0.5 0.0 0.0 0.0 0.1 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 0.0 0.0 0.0 20.0 20.0 0.0 -3.4 0.0 0.0 0.0 0.0 -100.0 -0.3

2006
11.8 -12.3 -0.5 0.0 0.0 0.0 0.0 -0.5 0.0 0.0 0.0 0.1 0.0 0.1 0.6 0.6 -0.5 0.0 -0.6 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.1 -0.1 0.0 -0.1 0.0 0.0 0.0 -0.1 -0.1 0.0 -0.1 -0.1 0.0 16.7 16.7 0.0 -100.0 100.0 100.0 -4.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 -0.1 0.0 0.0 0.0 -0.4

2007
11.8 -12.4 -0.6 0.0 0.0 0.0 0.0 -0.6 0.0 0.0 0.0 0.1 0.0 0.1 0.7 0.7 -0.6 0.0 -0.7 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.1 -0.1 0.0 -0.1 0.0 0.0 0.0 -0.1 -0.1 0.0 -0.1 -0.1 0.0 14.3 14.3 0.0 -100.0 100.0 100.0 -5.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 -0.1 0.0 0.0 0.0 -0.5

2008
11.8 -12.5 -0.7 0.0 0.0 0.0 0.0 -0.7 0.0 0.0 0.0 0.1 0.0 0.1 0.8 0.8 -0.7 0.0 -0.8 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.1 -0.1 0.0 -0.1 0.0 0.0 0.0 -0.1 -0.1 0.0 -0.1 -0.1 0.0 12.5 12.5 0.0 -100.0 100.0 100.0 -5.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 -0.1 0.0 0.0 0.0 -0.6

2009
11.8 -12.7 -0.9 0.0 0.0 0.0 0.0 -0.9 14.2 14.2 0.0 67.3 0.0 81.5 82.4 82.4 -0.9 0.0 -68.2 0.0 0.0 0.0 81.5 0.0 0.0 0.0 0.0 0.0 0.2 -0.2 0.0 -0.2 0.0 0.0 0.0 -0.2 -0.2 0.0 -0.2 -0.2 0.0 98.9 98.9 0.0 -0.2 100.0 100.0 -7.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.2 -0.2 0.0 0.0 100.0 -0.8

87

Khalid Siraj Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

107.0 140.0 247.0 0.0 0.0 28.8 28.8 275.8 2.6 2.6 0.0 163.4 72.8 238.8 210.5 239.3 28.3 111.5 -207.9 341.5 247.5 27.3 486.3 4.2 0.0 4.2 469.2 -465.0 484.5 -476.7 10.5 -487.2 2.0 0.0 0.0 -23.1 -489.2 466.1 -461.9 4.2 10.4 113.4 78.9 96.9 -100.2 -10997.6 230.8 11535.7 250.0 9.4 445.2 -197.2 0.0 -11600.0 -45.5 -45.7 10.8 0.9 1968.2 -98.7 23.1

2005
107.0 166.2 273.2 0.0 0.0 39.0 39.0 312.2 3.6 3.6 0.0 134.8 133.5 271.9 208.2 247.2 63.7 138.2 -204.6 361.3 248.5 10.1 520.4 301.3 251.5 49.8 285.9 15.4 296.8 5.0 11.8 -6.8 1.5 0.0 0.0 36.4 -8.3 44.7 1.8 46.5 12.5 130.6 66.5 90.5 -1.3 -22.8 3.9 255.3 98.5 236.0 3.9 8.5 5.7 -2.5 0.0 -2.3 -0.6 -0.8 4.1 57.9 -98.7 7073.8 25.5

2006
107.0 49.0 156.0 0.0 0.0 25.7 25.7 181.7 4.0 4.0 0.0 201.0 73.2 278.2 325.4 351.1 -47.2 158.0 -321.4 365.8 228.9 12.5 507.1 425.3 395.8 29.5 424.9 0.4 440.3 -14.3 24.1 -38.4 2.1 0.0 0.0 -130.5 -40.5 -90.0 -28.0 -118.0 14.1 85.5 63.0 225.1 -7.6 31.0 23.7 145.8 103.5 -168.5 5.7 15.3 -5.5 4.9 -24.6 0.0 0.0 -9.0 -3.6 -3.8 5.0 83.9 500.0 41.2 14.6

2007
107.0 15.6 122.6 0.0 0.0 14.2 14.2 136.8 2.8 2.8 0.0 210.8 52.6 266.2 354.2 368.4 -88.0 119.9 -351.4 381.1 224.9 11.0 491.1 494.0 479.2 14.8 500.6 -6.6 515.7 -24.3 21.8 -46.1 2.5 0.0 0.0 -44.9 -48.6 3.7 -37.6 -33.9 10.4 75.2 60.3 300.5 -9.4 108.2 110.9 114.6 104.4 -89.7 4.4 18.2 -5.4 6.8 -37.6 0.0 0.0 -9.3 -4.3 -4.5 4.8 100.6 19.4 16.2 11.5

2008
107.0 138.3 245.3 0.0 0.0 101.7 101.7 347.0 2.5 2.5 0.0 158.7 47.1 208.3 335.0 436.7 -126.7 195.1 -332.5 381.0 473.8 13.9 682.1 657.7 639.6 18.1 691.9 -34.2 715.8 -57.9 19.3 -77.2 3.3 0.0 0.0 210.2 -80.5 290.7 -66.6 224.1 29.3 62.2 48.1 178.0 -11.3 -38.3 -29.7 229.3 108.8 -33.3 2.9 9.9 -4.3 1.2 -31.5 0.0 0.0 -11.7 -7.2 -7.5 6.2 96.4 67.4 33.1 22.9

2009
107.0 54.9 161.9 0.0 0.0 0.3 0.3 162.2 1.7 1.7 0.0 112.5 2.5 116.7 383.5 383.8 -266.8 31.8 -381.8 368.4 429.1 8.3 545.8 431.3 431.0 0.3 487.5 -56.2 500.7 -72.1 22.1 -94.2 2.2 0.0 0.0 -184.8 -96.4 -88.4 -88.1 -176.5 0.2 30.4 29.8 237.1 -17.3 52.2 49.9 151.3 116.1 -30.7 5.1 69.5 -2.3 0.0 -58.2 0.0 0.0 -21.8 -8.8 -9.0 1.8 79.0 22.2 -34.4 15.1

88

Khurshid Spinning Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

131.7 -108.5 23.2 0.0 0.0 86.5 86.5 109.7 13.6 13.6 0.0 43.1 79.1 135.8 228.4 314.9 -92.6 126.6 -214.8 391.9 202.4 22.4 338.2 369.5 369.5 0.0 352.8 16.7 366.6 3.5 10.6 -7.1 1.8 0.0 0.0 25.9 -8.9 34.8 13.5 48.3 78.9 59.5 24.8 1357.3 -2.1 -34.4 28.0 17.6 99.2 302.9 2.9 8.4 6.1 -30.6 0.0 -1.9 -0.5 -0.7 16.2 109.3 -28.6 1.7 1.8

2005
131.7 134.1 265.8 0.0 0.0 90.4 90.4 356.2 20.7 20.7 0.0 26.8 72.0 119.5 189.3 279.7 -69.8 173.3 -168.6 473.1 426.0 21.1 545.5 373.9 373.9 0.0 335.6 38.3 347.0 26.9 16.4 10.5 2.8 0.0 0.0 246.5 7.7 238.8 28.8 267.6 25.4 63.1 25.1 105.2 1.9 3.1 10.8 201.8 92.8 61.0 4.4 9.5 26.7 3.9 4.0 0.0 2.8 0.8 0.6 10.4 68.5 -260.0 1.2 20.2

2006
131.7 -12.6 119.1 0.0 0.0 127.9 127.9 247.0 1.5 1.5 0.0 19.5 80.7 101.7 281.6 409.5 -179.9 229.1 -280.1 518.3 426.9 44.7 528.6 408.4 408.4 0.0 405.8 2.6 425.8 -17.0 22.4 -39.4 2.0 0.0 0.0 -109.2 -41.4 -67.8 3.3 -64.5 51.8 36.1 7.5 343.8 -7.5 37.9 -5.1 90.4 104.3 -131.8 5.5 9.8 -5.1 0.3 -33.1 0.0 0.0 -9.6 -3.0 -3.1 10.5 77.3 -475.0 9.2 9.0

2007
131.7 -101.1 30.6 0.0 0.0 111.5 111.5 142.1 4.4 4.4 0.0 23.9 69.6 97.9 365.8 477.3 -267.9 211.0 -361.4 545.2 410.2 43.7 508.1 405.4 405.4 0.0 454.8 -49.4 472.8 -66.9 22.0 -88.9 2.0 0.0 0.0 -104.9 -90.9 -14.0 -47.2 -61.2 78.5 26.8 7.7 1559.8 -17.5 86.7 77.1 23.2 116.6 -32.9 5.4 10.4 -2.2 0.8 -290.5 0.0 0.0 -21.9 -6.8 -6.9 10.2 79.8 126.7 -0.7 2.3

2008
131.7 -169.1 -37.4 0.0 0.0 253.6 253.6 216.2 3.3 3.3 0.0 30.0 99.2 132.5 289.8 543.4 -157.3 363.9 -286.5 550.6 373.7 41.8 506.2 378.6 378.6 0.0 397.9 -19.3 416.3 -37.7 30.0 -67.7 1.9 0.0 0.0 74.1 -69.6 143.7 -27.8 115.9 117.3 45.7 11.5 0.0 -13.4 -93.9 -24.0 -28.4 110.0 -79.6 7.9 8.2 -2.8 1.4 0.0 0.0 0.0 -17.9 -5.1 -5.3 10.2 74.8 -25.0 -6.6 -2.8

2009
131.7 -261.7 -130.0 0.0 0.0 268.7 268.7 138.7 0.9 0.9 0.0 -39.3 92.2 53.8 298.3 567.0 -244.5 325.8 -297.4 539.3 383.2 36.1 437.0 292.9 292.9 0.0 346.6 -53.7 359.1 -65.5 34.9 -100.4 0.0 0.0 0.0 -77.5 -100.4 22.9 -64.3 -41.4 193.7 18.0 -12.9 0.0 -23.0 129.5 155.3 -98.7 122.6 -53.3 11.9 10.7 0.0 1.1 0.0 0.0 0.0 -34.3 -7.6 -7.6 9.7 67.0 49.0 -22.6 -9.9

89

Khyber Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

12.3 -5.0 7.3 0.0 0.0 0.0 0.0 7.3 7.2 7.2 0.0 28.8 27.4 63.4 114.3 114.3 -50.9 20.0 -107.1 324.0 58.1 6.5 121.5 455.6 455.6 0.0 442.7 12.9 450.0 5.6 2.4 3.2 2.0 0.0 0.0 -2.2 1.2 -3.4 7.7 4.3 0.0 55.5 31.5 1565.8 2.6 179.1 59.3 98.8 42.9 0.5 12.0 62.5 0.2 43.8 0.0 0.7 2.6 1.0 10.1 375.0 -336.4 5.4 5.9

2005
12.3 -9.4 2.9 0.0 0.0 0.0 0.0 2.9 2.1 2.1 0.0 3.3 73.7 79.1 129.9 129.9 -50.8 19.9 -127.8 324.0 53.7 4.4 132.8 258.9 258.9 0.0 257.1 1.8 260.2 -1.3 1.8 -3.1 1.1 0.0 0.0 -4.4 -4.2 -0.2 0.2 0.0 0.0 60.9 4.2 4479.3 -2.3 23.6 100.5 0.7 9.0 0.4 -106.9 0.0 -1.2 -2.5 -3.4 7.6 195.0 -196.2 -43.2 2.4

2006
12.3 -27.4 -15.1 0.0 0.0 0.0 0.0 -15.1 3.7 3.7 0.0 22.5 45.6 71.8 135.3 135.3 -63.5 23.1 -131.6 324.0 48.3 5.4 120.1 406.0 406.0 0.0 398.2 7.8 402.1 4.0 3.0 1.0 2.0 0.0 0.0 -18.0 -1.0 -17.0 4.4 -12.6 0.0 53.1 19.4 0.0 0.8 5.6 -34.9 -122.8 99.0 75.0 0.7 13.0 200.0 0.0 0.0 0.0 0.0 0.2 0.8 -0.8 10.1 338.1 -132.0 56.8 -12.3

2007
12.3 0.3 12.6 0.0 0.0 0.0 0.0 12.6 4.2 4.2 0.0 17.1 18.0 39.3 67.9 67.9 -28.6 11.0 -63.7 316.2 41.2 4.6 80.5 461.6 461.6 0.0 466.4 -4.8 474.0 -2.1 2.6 -4.7 2.4 0.0 0.0 27.7 -7.1 34.8 -2.5 32.3 0.0 57.9 31.4 538.9 -5.8 -25.6 -7.7 102.4 102.7 -123.8 0.6 23.6 -51.1 0.0 -37.3 0.0 0.0 -1.0 -3.8 -5.8 9.5 573.4 -575.0 13.7 10.2

2008
12.3 0.3 12.6 0.0 0.0 9.0 9.0 21.6 0.2 0.2 0.0 11.9 0.0 12.1 31.8 40.8 -19.7 9.0 -31.6 316.2 41.2 0.0 53.3 14.7 14.7 0.0 22.1 -7.4 24.4 -8.5 0.2 -8.7 0.1 0.0 0.0 9.0 -8.8 17.8 -8.8 9.0 41.7 38.1 38.1 323.8 -16.3 -97.8 -97.8 102.4 166.0 -2.4 1.4 2.2 -1.1 0.0 -69.0 0.0 0.0 -59.2 -7.1 -7.2 0.0 27.6 86.8 -96.8 10.2

2009
12.3 -49.2 -36.9 0.0 0.0 0.0 0.0 -36.9 0.1 0.1 0.0 15.9 0.0 16.0 83.6 83.6 -67.6 0.0 -83.5 219.3 30.7 0.0 46.7 0.0 0.0 0.0 0.0 0.0 13.3 -6.0 0.0 -6.0 0.0 0.0 0.0 -58.5 -6.0 -52.5 -6.0 -58.5 0.0 19.1 19.1 0.0 -12.8 10.3 10.3 -300.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -4.9 -4.9 0.0 0.0 -31.0 -100.0 -30.0

90

Kohat Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

88.0 133.9 221.9 0.0 0.0 296.4 296.4 518.3 2.1 2.1 0.0 158.9 311.7 472.7 463.8 760.2 8.9 717.1 -461.7 768.0 509.4 39.2 982.1 723.5 718.1 5.4 678.1 45.4 714.1 10.0 20.3 -10.3 0.0 0.0 0.0 176.0 -10.3 186.3 28.9 215.2 57.2 101.9 34.7 342.6 -1.0 -5.9 13.4 252.2 98.7 203.0 2.8 2.8 13.5 -4.6 0.0 -1.4 -1.2 -1.2 11.7 73.7 -29.4 47.4 25.2

2005
88.0 199.7 287.7 0.0 0.0 321.7 321.7 609.4 2.8 2.8 0.0 100.4 356.2 459.4 505.0 826.7 -45.6 770.3 -502.2 942.8 655.0 36.1 1114.4 869.6 869.6 0.0 843.5 26.1 869.8 0.0 34.7 -34.7 0.0 0.0 0.0 91.1 -34.7 125.8 1.4 127.2 52.8 91.0 20.4 287.3 -3.1 -38.1 1.1 326.9 100.0 4.0 4.5 8.8 -12.1 0.0 -4.0 -3.9 -3.9 7.1 78.0 225.0 20.2 32.7

2006
208.0 120.0 328.0 0.0 0.0 273.1 273.1 601.1 0.4 0.4 0.0 152.8 329.4 482.6 566.7 839.8 -84.1 748.8 -566.3 1017.0 685.2 56.6 1167.8 1180.3 1173.8 6.5 1054.8 125.5 1093.5 87.7 83.4 4.3 5.9 0.0 0.0 -8.3 -1.6 -6.7 55.0 48.3 45.4 85.2 27.0 256.0 0.4 19.3 113.9 157.7 92.6 95.1 7.1 11.1 137.2 11.2 1.3 0.0 0.0 0.4 0.2 -0.1 8.6 101.1 -105.1 35.7 15.8

2007
208.0 113.2 321.2 0.0 0.0 311.8 311.8 633.0 0.1 0.1 0.0 200.7 338.7 539.5 571.2 883.0 -31.7 738.1 -571.1 1045.2 664.7 56.9 1204.2 1317.0 1299.7 17.3 1215.1 101.9 1257.8 60.2 94.8 -34.6 6.6 0.0 0.0 31.9 -41.2 73.1 15.7 88.8 49.3 94.5 35.2 274.9 -2.9 -129.2 17.7 154.4 95.5 157.5 7.2 12.8 -19.1 10.6 -10.8 0.0 0.0 -2.6 -1.7 -2.0 8.3 109.4 -950.0 11.6 15.4

2008
208.0 158.0 366.0 0.0 0.0 303.0 303.0 669.0 0.1 0.1 0.0 360.6 188.6 549.3 632.4 935.4 -83.1 804.7 -632.3 1144.9 752.2 396.9 1301.5 1438.7 1437.5 1.2 1370.9 67.8 1413.0 26.4 112.4 -86.0 7.2 0.0 0.0 36.0 -93.2 129.2 303.7 432.9 45.3 86.9 57.0 255.6 -6.6 -258.9 70.2 176.0 98.2 425.8 7.8 14.0 -8.4 18.6 -23.5 0.0 0.0 -6.0 -4.1 -4.5 61.5 110.5 141.2 9.2 17.6

2009
208.0 89.8 297.8 0.0 0.0 295.5 295.5 593.3 0.8 0.8 0.0 343.8 101.1 445.7 652.6 948.1 -206.9 665.8 -651.8 1129.9 800.2 60.0 1245.9 1444.7 1417.0 27.7 1444.2 0.5 1494.5 -49.1 140.8 -189.9 0.3 0.0 0.0 -75.7 -190.2 114.5 -130.2 -15.7 49.8 68.3 52.8 318.4 -15.2 251.3 829.3 143.2 103.4 -286.8 9.7 21.1 -0.2 16.4 -63.8 0.0 0.0 -13.1 -9.1 -9.1 8.0 116.0 122.0 0.4 14.3

91

Kohinoor Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

288.6 908.8 1197.4 0.0 0.0 142.3 142.3 1339.7 55.7 14.5 41.2 403.6 219.1 678.4 2664.1 2806.4 -1985.7 1057.6 -2608.4 2696.7 3325.4 64.9 4003.8 815.2 804.4 10.8 797.0 18.2 870.3 -16.3 60.9 -77.2 4.4 0.0 0.0 -107.0 -81.6 -25.4 -16.7 -42.1 10.6 25.5 17.2 234.4 -1.9 414.9 106.8 7.5 5.8 0.9 -6.4 0.0 -9.5 -2.7 -2.8 2.0 20.4 -32.5 -53.5 41.5

2005
288.6 831.0 1119.6 0.0 0.0 0.0 0.0 1119.6 84.4 66.7 17.7 348.5 365.4 798.3 3158.5 3158.5 -2360.2 1413.2 -3074.1 4035.6 3479.7 37.1 4278.0 765.8 765.8 0.0 729.0 36.8 799.0 -1.5 33.4 -34.9 4.6 0.0 0.0 -220.1 -39.5 -180.6 -2.4 -183.0 0.0 25.3 13.7 282.1 -0.8 387.9 104.3 4.4 2.4 1.0 -3.1 0.0 -4.6 -1.2 -1.4 1.1 17.9 -55.6 -6.1 38.8

2006
288.6 623.8 912.4 0.0 0.0 2.7 2.7 915.1 52.4 41.5 10.9 130.8 240.0 423.2 1066.5 1069.2 -643.3 404.0 -1014.1 2194.5 1558.4 51.9 1981.6 1005.2 1005.2 0.0 894.3 110.9 968.1 143.7 54.6 89.1 5.0 0.0 0.0 -204.5 84.1 -288.6 136.0 -152.6 0.3 39.7 17.2 117.2 4.5 -41.1 -89.1 316.1 96.3 38.0 5.4 13.5 5.6 0.2 9.8 0.0 0.0 8.9 3.1 2.9 1.5 50.7 -358.3 31.3 31.6

2007
288.6 594.9 883.5 0.0 0.0 115.8 115.8 999.3 198.7 93.3 105.4 110.5 215.8 525.0 1032.5 1148.3 -507.5 565.0 -833.8 2198.9 1506.8 57.5 2031.8 1012.3 1012.3 0.0 949.5 62.8 1067.4 -50.6 67.3 -117.9 5.4 0.0 0.0 84.2 -123.3 207.5 -65.8 141.7 11.6 50.8 29.9 130.0 -5.8 -146.4 -46.4 306.1 105.4 -133.0 6.6 11.9 -4.6 0.7 -13.3 0.0 0.0 -11.6 -4.1 -4.3 3.7 49.8 -232.3 0.7 30.6

2008
303.0 196.4 499.4 0.0 0.0 101.7 101.7 601.1 76.4 24.8 51.6 451.7 14.6 542.7 790.8 892.5 -248.1 127.4 -714.4 863.0 849.3 27.4 1392.0 241.5 241.5 0.0 234.9 6.6 369.7 -118.5 33.0 -151.5 1.9 0.0 0.0 -398.2 -153.4 -244.8 -126.0 -370.8 16.9 68.6 66.8 178.7 -10.9 38.5 34.0 164.8 153.1 -27.8 13.7 25.9 -1.3 0.0 -30.3 0.0 0.0 -62.7 -5.0 -5.1 1.8 17.3 22.0 -76.1 16.5

2009
303.0 86.9 389.9 0.0 0.0 0.0 0.0 389.9 30.9 8.9 22.0 103.9 5.8 140.6 543.4 543.4 -402.8 7.9 -512.5 827.6 792.8 17.9 933.4 0.0 0.0 0.0 0.0 0.0 301.8 -285.1 14.9 -300.0 0.5 0.0 0.0 -211.2 -300.5 89.3 -282.6 -193.3 0.0 25.9 24.8 139.4 -32.1 142.3 146.2 128.7 0.0 -5.2 0.0 188.6 -0.2 0.0 -76.9 0.0 0.0 0.0 -9.9 -9.9 2.1 0.0 98.0 -100.0 12.9

92

Kohinoor Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

300.5 1542.4 1842.9 0.0 0.0 1172.6 1172.6 3015.5 212.1 135.6 76.5 1967.4 821.9 3001.4 2851.5 4024.1 149.9 3148.3 -2639.4 3939.3 2865.9 212.5 5867.3 4820.3 690.1 4130.2 4316.5 503.8 4569.2 274.7 120.0 154.7 53.9 0.0 0.0 896.2 100.8 795.4 313.3 1108.7 38.9 105.3 76.4 218.4 2.6 11.2 28.3 613.3 94.8 43.7 2.5 3.8 34.8 17.3 8.4 0.0 3.2 5.1 3.4 9.6 82.2 -39.3 20.4 61.3

2005
330.6 1363.3 1693.9 0.0 200.0 1813.4 2013.4 3707.3 350.5 139.3 211.2 1581.9 1156.0 3088.4 3222.6 5236.0 -134.2 4547.7 -2872.1 5074.5 3841.5 163.5 6929.9 3840.8 1061.0 2779.8 3636.7 204.1 3893.7 -42.0 140.1 -182.1 27.8 30.1 30.1 691.8 -240.0 931.8 -76.5 855.3 54.3 95.8 60.0 309.1 -2.6 -34.7 -8.9 512.4 101.4 3.6 3.1 15.5 -10.8 -697.3 1.8 -4.7 -5.5 -6.3 5.7 55.4 -207.8 -20.3 51.2

2006
330.6 1369.1 1699.7 0.0 120.0 1319.0 1439.0 3138.7 456.8 181.2 275.6 1647.5 1614.5 3718.8 4679.8 6118.8 -961.0 5084.5 -4223.0 5561.1 4099.6 268.1 7818.4 6450.1 1346.1 5104.0 5728.2 721.9 6075.6 414.7 408.7 6.0 59.2 0.0 0.0 -568.6 -53.2 -515.4 214.9 -300.5 45.8 79.5 45.0 360.0 0.1 9.4 -71.5 514.1 94.2 98.6 6.3 8.0 986.7 16.1 0.4 0.0 0.0 0.1 0.2 -1.6 6.5 82.5 -103.6 67.9 51.4

2007
330.6 1369.1 1699.7 0.0 120.0 1319.0 1439.0 3138.7 456.8 181.2 275.6 1647.5 1614.5 3718.8 4679.8 6118.8 -961.0 5084.5 -4223.0 5561.1 4099.6 268.1 7818.4 6450.1 1346.1 5104.0 5728.2 721.9 6075.6 414.7 408.7 6.0 59.2 0.0 0.0 0.0 -53.2 53.2 214.9 268.1 45.8 79.5 45.0 360.0 0.1 0.0 80.2 514.1 94.2 98.6 6.3 8.0 986.7 16.1 0.4 0.0 0.0 0.1 0.2 -1.6 6.5 82.5 0.0 0.0 51.4

2008
330.6 1369.1 1699.7 0.0 120.0 1319.0 1439.0 3138.7 456.8 181.2 275.6 1647.5 1614.5 3718.8 4679.8 6118.8 -961.0 5084.5 -4223.0 5561.1 4099.6 268.1 7818.4 6450.1 1346.1 5104.0 5728.2 721.9 6075.6 414.7 408.7 6.0 59.2 0.0 0.0 0.0 -53.2 53.2 214.9 268.1 45.8 79.5 45.0 360.0 0.1 0.0 80.2 514.1 94.2 98.6 6.3 8.0 986.7 16.1 0.4 0.0 0.0 0.1 0.2 -1.6 6.5 82.5 0.0 0.0 51.4

2009
509.1 1410.5 1919.6 0.0 0.0 948.1 948.1 2867.7 718.6 279.4 439.2 1732.6 1195.9 3647.1 6178.6 7126.7 -2531.5 5730.9 -5460.0 7537.7 5399.1 259.5 9046.2 7578.4 2117.8 5460.6 6919.3 659.1 7841.7 44.5 706.3 -661.8 54.3 0.0 0.0 -271.0 -716.1 445.1 -456.6 -11.5 33.1 59.0 39.7 371.3 -7.3 264.2 3970.4 377.1 103.5 1587.2 9.3 12.3 -8.2 11.5 -34.5 0.0 0.0 -8.7 -13.0 -14.1 6.4 83.8 -6600.0 17.5 37.7

93

Kohinoor Spinning Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

394.9 -896.7 -501.8 0.0 0.0 297.0 297.0 -204.8 238.6 199.9 38.7 162.7 587.7 989.0 1940.5 2237.5 -951.5 948.8 -1701.9 1618.7 746.7 71.5 1735.7 2115.4 994.7 1120.7 2022.4 93.0 2109.2 37.7 65.0 -27.3 14.1 0.0 0.0 57.8 -41.4 99.2 30.1 129.3 51.0 20.7 -1.6 -71.6 23.3 -127.1 99.7 172.4 3.1 6.9 1.2 -1.3 -0.7 -1.0 9.9 121.9 -75.9 14.5 -12.7

2005
394.9 -871.1 -476.2 0.0 0.0 157.2 157.2 -319.0 224.2 197.5 26.7 224.5 528.8 977.5 2008.5 2165.7 -1031.0 848.7 -1784.3 1632.5 712.0 54.1 1689.5 1517.8 494.2 1023.6 1356.1 161.7 1433.9 126.2 63.5 62.7 21.7 0.0 0.0 -114.2 41.0 -155.2 95.1 -60.1 48.7 22.3 3.7 -120.6 94.5 50.3 4.2 7.5 34.6 1.2 4.1 1.6 1.0 7.2 89.8 -328.6 -28.2 -12.1

2006
1300.0 -886.3 413.7 0.0 0.0 271.9 271.9 685.6 170.7 170.2 0.5 111.4 542.5 824.6 1263.3 1535.2 -438.7 773.0 -1092.6 2105.5 1124.4 70.5 1949.0 2152.2 688.8 1463.4 1912.0 240.2 2017.8 159.0 122.4 36.6 21.8 97.5 0.0 1004.6 -82.7 1087.3 -12.2 1075.1 39.7 65.3 22.3 371.1 1.9 -8.2 -1.1 31.8 93.8 77.0 5.7 15.8 59.6 1.4 8.8 15.2 23.6 1.7 0.3 0.1 9.9 110.4 -81.3 41.8 3.2

2007
1300.0 -868.3 431.7 0.0 0.0 303.8 303.8 735.5 144.9 144.4 0.5 152.0 442.7 739.6 1127.3 1431.1 -387.7 792.0 -982.4 2004.4 1123.4 61.0 1863.0 2418.4 1215.0 1203.4 2149.7 268.7 2273.6 151.8 114.9 36.9 18.1 0.0 0.0 49.9 18.8 31.1 79.8 110.9 41.3 65.6 26.3 331.5 2.0 37.7 72.0 33.2 94.0 75.7 4.8 14.5 49.1 2.0 8.5 0.0 0.0 1.5 0.3 0.1 5.4 129.8 0.0 12.4 3.3

2008
1300.0 -856.8 443.2 0.0 0.0 472.6 472.6 915.8 9.9 8.5 1.4 371.8 703.9 1085.6 1371.7 1844.3 -286.1 1240.1 -1361.8 2003.9 1202.0 59.3 2287.6 2511.6 1598.8 912.8 2242.8 268.8 2373.6 147.3 124.0 23.3 12.7 0.0 0.0 180.3 10.6 169.7 69.9 239.6 51.6 79.1 27.8 416.1 1.0 5.9 29.2 34.1 94.5 84.2 4.9 10.0 54.5 2.7 5.3 0.0 0.0 0.9 0.2 0.1 5.3 109.8 -33.3 3.9 3.4

2009
1300.0 -1059.8 240.2 0.0 0.0 575.2 575.2 815.4 73.4 1.4 72.0 347.8 953.3 1374.5 1777.7 2352.9 -403.2 1525.4 -1704.3 2281.5 1218.7 61.4 2593.2 2885.6 1794.9 1090.7 2645.5 240.1 2808.6 83.9 275.1 -191.2 11.0 0.0 0.0 -100.4 -202.2 101.8 -140.8 -39.0 70.5 77.3 23.7 979.6 -7.4 201.4 361.0 18.5 97.3 327.9 9.5 18.0 -5.8 3.1 -79.6 0.0 0.0 -6.6 -1.5 -1.6 5.1 111.3 -850.0 14.9 1.8

94

Kohinoor Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

801.8 1315.0 2116.8 0.0 195.9 857.0 1052.9 3169.7 1226.2 155.7 1070.5 1806.0 859.3 3891.5 2798.6 3851.5 1092.9 3036.9 -1572.4 3668.7 2077.0 217.4 5968.5 5537.8 2174.7 3363.1 4822.2 715.6 5134.6 596.6 151.8 444.8 50.4 0.0 0.0 478.5 394.4 84.1 611.8 695.9 33.2 139.1 108.3 181.9 7.5 82.4 87.9 264.0 92.7 25.4 2.7 5.0 11.3 9.2 21.0 0.0 8.0 5.5 4.9 10.7 92.8 161.9 6.9 26.4

2005
962.2 6529.9 7492.1 0.0 184.2 3887.4 4071.6 11563.7 878.3 518.1 360.2 1396.4 2860.6 5135.3 4700.3 8771.9 435.0 7714.3 -3822.0 13407.2 11128.6 540.4 16263.9 9060.4 6357.6 2702.8 7173.3 1887.1 7564.1 1602.6 378.9 1223.7 -8.8 0.0 80.2 8394.0 1232.5 7161.5 1772.9 8934.4 35.2 109.3 48.4 117.1 7.5 14.7 19.8 778.6 83.5 23.6 4.2 4.9 -0.7 8.1 16.3 0.0 13.5 12.7 12.8 7.1 55.7 130.9 63.6 77.9

2006
1058.4 3649.0 4707.4 0.0 71.3 2652.0 2723.3 7430.7 4265.5 436.8 3828.7 1905.4 1607.8 7778.7 3909.4 6632.7 3869.3 5662.1 356.1 5144.3 3561.3 253.5 11340.0 6903.6 3209.1 3694.5 5881.8 1021.8 6420.8 803.0 448.1 354.9 33.5 0.0 105.8 -4133.0 321.4 -4454.4 574.9 -3879.5 36.6 199.0 157.8 140.9 3.1 -7.8 -14.8 444.8 93.0 55.8 6.5 7.9 9.4 12.9 7.5 0.0 0.0 5.1 3.4 3.0 9.5 60.9 -73.2 -23.8 44.5

2007
1455.3 5838.6 7293.9 0.0 0.0 2680.8 2680.8 9974.7 6001.2 63.4 5937.8 2756.7 1755.1 10513.0 4509.3 7190.1 6003.7 5456.3 1491.9 5475.6 3971.0 327.5 14484.0 7140.2 2911.8 4228.4 6094.6 1045.6 6615.2 575.7 604.0 -28.3 41.7 0.0 0.0 2544.0 -70.0 2614.0 257.5 2871.5 26.9 233.1 194.2 98.6 -0.2 -2.8 9.0 501.2 92.6 104.9 8.5 11.1 -147.3 14.9 -0.4 0.0 0.0 -0.4 -0.2 -0.5 9.2 49.3 -105.9 3.4 50.1

2008
1455.3 3530.4 4985.7 0.0 0.0 3044.7 3044.7 8030.4 3832.1 75.4 3756.7 4037.6 1673.1 9542.8 5485.0 8529.7 4057.8 7039.2 -1652.9 6048.1 3972.5 363.9 13515.3 7558.3 3694.1 3864.2 6395.6 1162.7 6939.1 1013.2 882.3 130.9 38.4 0.0 0.0 -1944.3 92.5 -2036.8 456.4 -1580.4 37.9 174.0 143.5 171.1 1.0 -4.8 -28.9 342.6 91.8 87.1 11.7 12.5 29.3 17.7 2.6 0.0 0.0 1.7 0.9 0.6 9.2 55.9 -550.0 5.9 34.3

2009
1455.3 1413.7 2869.0 0.0 0.0 2012.0 2012.0 4881.0 3203.7 80.3 3123.4 2697.8 1779.8 7681.3 6940.6 8952.6 740.7 7739.5 -3736.9 6645.2 4140.2 369.6 11821.5 8458.9 3006.7 5452.2 7199.0 1259.9 7874.1 723.5 1260.2 -536.7 55.8 0.0 0.0 -3149.4 -592.5 -2556.9 -222.9 -2779.8 41.2 110.7 85.0 312.0 -4.5 18.8 8.0 197.1 93.1 174.2 14.9 16.3 -10.4 12.4 -18.7 0.0 0.0 -6.3 -3.7 -4.1 9.3 71.6 -511.1 11.9 19.7

95

Landmark Spinning Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

121.2 -222.5 -101.3 0.0 0.0 28.0 28.0 -73.3 0.1 0.1 0.0 0.8 0.0 0.9 227.1 255.1 -226.2 28.0 -227.0 209.7 152.9 0.0 153.8 0.0 0.0 0.0 0.0 0.0 0.4 -0.4 0.3 -0.7 0.0 0.0 0.0 -25.7 -0.7 -25.0 -0.7 -25.7 0.4 0.4 -0.5 -83.6 1.1 -0.1 -0.1 0.0 0.0 -95.0 -100.0 -8.4

2005
121.2 -150.8 -29.6 0.0 0.0 3.0 3.0 -26.6 0.1 0.1 0.0 72.9 0.0 73.0 252.5 255.5 -179.5 57.0 -252.4 209.7 152.9 0.0 225.9 0.0 0.0 0.0 0.0 0.0 43.6 -43.6 0.0 -43.6 0.0 0.0 0.0 46.7 -43.6 90.3 -43.6 46.7 28.9 28.9 -19.3 -93.4 -93.4 -24.4 0.0 -3.6 -3.6 0.0 0.0 3500.0 -2.4

2006
121.2 -166.5 -45.3 0.0 0.0 0.0 0.0 -45.3 0.1 0.1 0.0 0.8 0.0 0.9 199.0 199.0 -198.1 0.0 -198.9 209.7 152.9 0.0 153.8 0.0 0.0 0.0 0.0 0.0 72.7 -15.7 0.0 -15.7 0.0 0.0 0.0 -18.7 -15.7 -3.0 -15.7 -18.7 0.0 0.5 0.5 0.0 -10.2 84.0 84.0 -37.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -1.3 -1.3 0.0 0.0 -63.9 -3.7

2007
121.2 -167.3 -46.1 0.0 0.0 0.0 0.0 -46.1 0.1 0.1 0.0 0.5 0.0 0.6 199.5 199.5 -198.9 0.0 -199.4 209.7 152.9 0.0 153.5 0.0 0.0 0.0 0.0 0.0 0.8 -0.8 0.0 -0.8 0.0 0.0 0.0 -0.8 -0.8 0.0 -0.8 -0.8 0.0 0.3 0.3 0.0 -0.5 100.0 100.0 -38.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 -0.1 0.0 0.0 -92.3 -3.8

2008
121.2 -80.5 40.7 0.0 0.0 0.0 0.0 40.7 0.1 0.1 0.0 0.5 0.0 0.6 200.4 200.4 -199.8 0.0 -200.3 297.4 240.6 0.0 241.2 0.0 0.0 0.0 0.0 0.0 0.9 -0.9 0.0 -0.9 0.0 0.0 0.0 86.8 -0.9 87.7 -0.9 86.8 0.0 0.3 0.3 492.4 -0.4 -1.0 -1.0 33.6 0.0 0.0 0.0 0.0 0.0 0.0 -2.2 0.0 0.0 0.0 -0.1 -0.1 0.0 0.0 0.0 3.4

2009
121.2 -81.4 39.8 0.0 0.0 0.0 0.0 39.8 0.1 0.1 0.0 0.5 0.0 0.6 201.3 201.3 -200.7 0.0 -201.2 297.4 240.6 0.0 241.2 0.0 0.0 0.0 0.0 0.0 0.9 -0.9 0.0 -0.9 0.0 0.0 0.0 -0.9 -0.9 0.0 -0.9 -0.9 0.0 0.3 0.3 505.8 -0.4 100.0 100.0 32.8 0.0 0.0 0.0 0.0 0.0 0.0 -2.3 0.0 0.0 0.0 -0.1 -0.1 0.0 0.0 0.0 3.3

96

Mahmood Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

99.7 1110.4 1210.1 0.0 0.0 39.8 39.8 1249.9 162.9 16.1 146.8 292.8 389.0 844.7 307.1 346.9 537.6 66.3 -144.2 1793.3 712.5 79.0 1557.2 3971.8 1197.6 2774.2 3703.3 268.5 3838.5 142.6 34.6 108.0 44.0 0.0 0.0 27.1 64.0 -36.9 143.0 106.1 3.2 275.1 148.4 28.7 6.9 236.2 134.8 1213.7 96.6 24.3 0.9 52.2 40.7 1.7 8.9 0.0 2.7 10.8 6.4 10.9 255.1 0.0 0.0 121.4

2005
99.7 1407.2 1506.9 0.0 0.0 366.4 366.4 1873.3 294.4 9.8 284.6 181.6 982.1 1458.1 897.4 1263.8 560.7 1003.8 -603.0 2592.1 1312.7 75.7 2770.8 2917.2 398.9 2518.3 2530.3 386.9 2686.0 265.3 57.8 207.5 35.8 24.9 0.0 623.4 146.8 476.6 222.5 699.1 19.6 162.5 53.0 83.9 7.5 23.5 31.8 1511.4 92.1 21.8 2.0 5.8 17.3 1.5 13.8 689.6 1.7 7.1 20.8 17.2 8.8 105.3 92.6 -26.6 151.1

2006
99.9 1452.0 1551.9 0.0 0.0 550.6 550.6 2102.5 280.9 7.6 273.3 304.7 939.9 1525.5 1088.8 1639.4 436.7 1393.8 -807.9 2964.3 1665.8 111.9 3191.3 3901.3 1623.1 2278.2 3497.2 404.1 3664.1 305.0 127.2 177.8 34.5 39.9 0.0 229.2 103.4 125.8 215.3 341.1 26.2 140.1 53.8 105.6 5.6 45.1 63.1 1553.5 93.9 41.7 3.3 9.1 19.4 1.8 11.5 359.1 2.6 4.6 17.8 14.3 9.5 122.2 -14.4 33.7 155.3

2007
99.9 1602.1 1702.0 0.0 0.0 601.6 601.6 2303.6 270.0 8.8 261.2 653.9 1130.1 2054.0 1407.3 2008.9 646.7 1632.2 -1137.3 3122.9 1656.7 168.8 3710.7 4518.5 1674.2 2844.3 4038.0 480.5 4218.6 451.2 190.7 260.5 40.0 0.0 0.0 201.1 220.5 -19.4 389.3 369.9 26.1 146.0 65.7 118.0 7.0 109.6 105.2 1703.7 93.4 42.3 4.2 11.7 15.4 2.2 15.3 0.0 0.0 5.8 26.1 22.1 10.1 121.8 46.6 15.8 170.4

2008
99.9 1581.4 1681.3 0.0 0.0 748.6 748.6 2429.9 280.7 7.6 273.1 670.7 1647.0 2598.4 1924.5 2673.1 673.9 2298.5 -1643.8 3206.1 1755.9 174.0 4354.3 5073.2 2432.9 2640.3 4478.3 594.9 4811.2 303.9 221.2 82.7 0.0 0.0 0.0 126.3 82.7 43.6 256.7 300.3 30.8 135.0 49.4 159.0 1.9 65.5 85.5 1683.0 94.8 72.8 4.4 9.6 0.0 2.9 4.9 0.0 0.0 1.6 8.3 8.3 10.0 116.5 -68.2 12.3 168.3

2009
99.9 1611.6 1711.5 0.0 0.0 595.0 595.0 2306.5 609.9 9.2 600.7 732.4 1443.8 2786.1 2111.8 2706.8 674.3 2187.3 -1501.9 3256.4 1632.3 180.1 4418.4 6811.3 3285.9 3525.4 5727.0 1084.3 6312.4 571.5 381.3 190.2 40.0 39.9 50.2 -123.4 110.3 -233.7 290.4 56.7 25.8 131.9 63.6 158.2 4.3 -89.4 512.2 1713.2 92.7 66.7 5.6 17.4 21.0 5.7 11.1 376.4 2.3 2.8 19.0 15.0 10.3 154.2 128.9 34.3 171.3

97

Maqbool Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

84.0 88.6 172.6 0.0 0.0 44.3 44.3 216.9 2.8 1.9 0.9 103.9 130.8 237.5 242.6 286.9 -5.1 156.4 -239.8 467.9 222.0 16.7 459.5 1284.0 987.4 296.6 1218.4 65.6 1248.9 35.4 7.0 28.4 14.8 10.5 0.0 56.4 3.1 53.3 19.8 73.1 20.4 97.9 44.0 166.2 6.2 5.5 27.1 205.5 97.3 19.8 0.5 4.5 52.1 3.4 16.5 129.5 6.1 2.2 3.4 1.6 10.7 279.4 61.9 45.3 20.5

2005
168.0 115.9 283.9 0.0 0.0 311.7 311.7 595.6 4.2 3.3 0.9 120.2 127.3 251.7 259.2 570.9 -7.5 406.3 -255.0 865.4 603.1 21.8 854.8 815.7 484.2 331.5 733.3 82.4 762.7 54.8 14.4 40.4 6.3 10.5 0.0 378.7 23.6 355.1 45.4 400.5 52.3 97.1 48.0 201.1 4.7 6.2 11.3 169.0 93.5 26.3 1.8 3.5 15.6 5.7 14.2 324.8 3.7 5.0 2.4 2.0 9.8 95.4 -29.4 -36.5 16.9

2006
168.0 97.2 265.2 0.0 0.0 314.1 314.1 579.3 1.5 0.6 0.9 120.9 211.3 333.7 383.2 697.3 -49.5 574.7 -381.7 952.8 628.8 61.9 962.5 1432.7 1194.6 238.1 1304.6 128.1 1342.7 90.4 60.1 30.3 7.1 0.0 0.0 -16.3 23.2 -39.5 85.1 45.6 54.2 87.1 31.9 262.9 3.1 -142.3 186.6 157.9 93.7 66.5 4.2 10.5 23.4 4.9 11.4 0.0 0.0 2.1 1.8 1.4 10.3 148.9 -25.0 75.6 15.8

2007
168.0 36.7 204.7 0.0 0.0 305.1 305.1 509.8 3.3 2.4 0.9 161.1 226.1 390.5 503.5 808.6 -113.0 647.6 -500.2 955.1 622.9 61.7 1013.4 1634.5 1368.9 265.6 1566.1 68.4 1602.8 33.5 75.2 -41.7 8.2 0.0 0.0 -69.5 -49.9 -19.6 11.8 -7.8 59.8 77.6 32.7 395.0 -4.1 71.8 -151.3 121.8 98.1 224.5 4.6 11.6 -19.7 6.7 -20.4 0.0 0.0 -2.6 -2.5 -3.0 9.8 161.3 -238.9 14.1 12.2

2008
168.0 10.3 178.3 0.0 0.0 250.2 250.2 428.5 3.6 2.7 0.9 349.9 223.7 577.2 742.6 992.8 -165.4 833.2 -739.0 973.9 594.0 56.1 1171.2 1797.3 1337.1 460.2 1672.6 124.7 1727.6 77.2 72.8 4.4 8.8 0.0 0.0 -81.3 -4.4 -76.9 51.7 -25.2 58.4 77.7 47.6 556.8 0.4 5.4 -205.2 106.1 96.1 94.3 4.1 8.7 200.0 16.7 2.5 0.0 0.0 0.2 0.3 -0.3 9.0 153.5 -112.0 10.0 10.6

2009
168.0 166.0 334.0 0.0 0.0 119.9 119.9 453.9 9.1 8.2 0.9 323.3 286.3 618.7 883.4 1003.3 -264.7 824.7 -874.3 1207.7 718.6 56.8 1337.3 1807.3 935.1 872.2 1610.2 197.1 1690.9 124.6 115.0 9.6 8.7 0.0 0.0 25.4 0.9 24.5 57.7 82.2 26.4 70.0 37.6 300.4 0.7 3.5 70.2 198.8 93.6 92.3 6.4 13.9 90.6 15.3 2.9 0.0 0.0 0.5 0.6 0.1 9.6 135.1 100.0 0.6 19.9

98

Masood Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

300.0 599.6 899.6 0.0 0.0 758.1 758.1 1657.7 38.8 38.8 0.0 1440.5 1294.0 2773.3 2679.1 3437.2 94.2 2625.4 -2640.3 1786.8 1563.4 98.5 4336.7 3425.6 213.1 3212.5 2799.3 626.3 3160.9 267.2 155.8 111.4 28.9 0.0 0.0 428.4 82.5 345.9 181.0 526.9 45.7 103.5 55.2 382.1 2.6 19.3 34.4 299.9 92.3 58.3 4.5 5.9 25.9 20.6 12.4 0.0 3.3 3.7 2.8 7.8 79.0 -36.2 12.3 30.0

2005
300.0 733.6 1033.6 600.0 0.0 690.4 1290.4 2324.0 651.0 651.0 0.0 1541.7 1784.1 3976.8 3535.0 4825.4 441.8 3367.9 -2884.0 1944.9 1882.4 82.0 5859.2 3245.4 158.9 3086.5 2673.3 572.1 2962.1 285.1 154.9 130.2 23.9 22.5 0.0 666.3 83.8 582.5 165.8 748.3 55.5 112.5 62.0 466.9 2.2 12.6 22.2 344.5 91.3 54.3 4.8 4.6 18.4 31.3 12.6 472.4 2.2 4.0 4.3 3.5 5.2 55.4 16.2 -5.3 34.5

2006
300.0 764.1 1064.1 600.0 0.0 685.4 1285.4 2349.5 59.2 59.2 0.0 2352.4 1891.3 4302.9 4169.8 5455.2 133.1 3854.1 -4110.6 3213.8 2216.4 182.9 6519.3 5006.5 224.2 4782.3 4116.5 890.0 4500.0 509.3 335.3 174.0 52.3 135.0 0.0 25.5 -13.3 38.8 169.6 208.4 54.7 103.2 57.8 512.7 2.7 -52.2 81.4 354.7 89.9 65.8 6.7 8.7 30.1 28.3 16.4 90.1 12.7 3.5 5.8 4.1 9.7 76.8 34.9 54.3 35.5

2007
300.0 1019.0 1319.0 600.0 0.0 597.9 1197.9 2516.9 75.6 75.6 0.0 2628.3 1814.0 4517.9 4809.3 6007.2 -291.4 4282.2 -4733.7 3156.2 2808.3 138.2 7326.2 5936.7 247.1 5689.6 4949.5 987.2 5336.2 607.4 416.7 190.7 61.1 110.4 0.0 167.4 19.2 148.2 157.4 305.6 47.6 93.9 56.2 455.4 2.6 11.5 51.5 439.7 89.9 68.6 7.0 9.7 32.0 0.0 14.5 117.4 8.4 3.2 6.4 4.3 6.5 81.0 236.8 18.6 44.0

2008
300.0 1290.7 1590.7 600.0 0.0 2096.9 2696.9 4287.6 137.3 137.3 0.0 3232.9 1838.7 5208.9 3946.8 6643.7 1262.1 4718.6 -3809.5 3500.1 3025.6 226.2 8234.5 7884.8 573.7 7311.1 6428.8 1456.0 6946.5 947.0 539.0 408.0 74.3 124.5 0.0 1770.7 209.2 1561.5 435.4 1996.9 62.9 132.0 85.4 417.7 5.0 11.8 21.8 530.2 88.1 56.9 6.8 11.4 18.2 24.5 25.6 268.0 7.8 5.2 13.6 11.1 8.1 95.8 112.5 32.8 53.0

2009
300.0 1620.4 1920.4 600.0 0.0 1800.9 2400.9 4321.3 321.0 321.0 0.0 4423.4 1727.8 6472.2 5300.4 7701.3 1171.8 5455.5 -4979.4 4511.6 3149.6 249.1 9621.8 10946.2 674.3 10271.9 8851.4 2094.8 9687.6 1270.0 719.9 550.1 0.0 45.0 0.0 33.7 505.1 -471.4 754.2 282.8 55.6 122.1 89.5 401.0 5.7 1498.8 266.7 640.1 88.5 56.7 6.6 13.2 0.0 29.2 28.6 1222.4 2.3 5.0 18.3 18.3 8.2 113.8 34.6 38.8 64.0

99

Mehr Dastagir Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

92.0 -115.6 -23.6 0.0 0.0 144.5 144.5 120.9 2.3 2.0 0.3 139.9 61.2 203.4 287.6 432.1 -84.2 144.5 -285.3 293.1 205.1 10.5 408.5 143.8 132.2 11.6 171.2 -27.4 179.1 13.9 7.6 6.3 0.0 0.0 0.0 7.5 6.3 1.2 16.8 18.0 119.5 70.7 49.4 1.5 84.0 93.3 -25.7 124.5 54.7 5.3 5.3 0.0 57.2 4.4 0.7 0.7 4.9 35.2 -22.2 19.2 -2.6

2005
92.0 -1.6 90.4 0.0 0.0 156.8 156.8 247.2 1.8 1.5 0.3 357.3 22.9 382.0 381.5 538.3 0.5 191.5 -379.7 249.6 246.8 7.6 628.8 322.7 322.7 0.0 307.7 15.0 313.0 9.7 4.6 5.1 0.6 0.0 0.0 126.3 4.5 121.8 12.1 133.9 63.4 100.1 94.1 595.5 0.8 3.6 9.0 98.3 97.0 47.4 1.4 2.4 11.8 88.2 5.6 0.0 1.6 0.6 0.5 3.7 51.3 -14.3 124.4 9.8

2006
92.0 -2.0 90.0 0.0 0.0 146.7 146.7 236.7 1.8 1.5 0.3 173.8 7.0 182.6 181.7 328.4 0.9 175.6 -179.9 249.2 235.8 7.6 418.4 247.9 247.9 0.0 235.6 12.3 244.6 3.3 2.5 0.8 1.3 0.0 0.0 -10.5 -0.5 -10.0 7.1 -2.9 62.0 100.5 96.6 364.9 0.2 4.8 -244.8 97.8 98.7 75.8 1.0 1.4 162.5 39.4 0.9 0.0 0.0 0.3 0.1 -0.1 3.1 59.2 -83.3 -23.2 9.8

2007
92.0 -3.0 89.0 0.0 0.0 141.8 141.8 230.8 1.8 1.5 0.3 150.4 3.4 155.6 150.1 291.9 5.5 154.2 -148.3 249.2 225.3 10.6 380.9 239.2 239.2 0.0 225.3 13.9 236.0 3.2 2.9 0.3 -0.1 0.0 0.0 -5.9 0.4 -6.3 11.0 4.7 61.4 103.7 101.4 328.0 0.1 -6.8 234.0 96.7 98.7 90.6 1.2 1.9 -33.3 16.8 0.3 0.0 0.0 0.1 0.0 0.0 4.5 62.8 -100.0 -3.5 9.7

2008
92.0 110.1 202.1 0.0 0.0 77.8 77.8 279.9 1.9 1.5 0.4 106.3 13.4 121.6 56.2 134.0 65.4 87.1 -54.3 248.1 214.4 10.0 336.0 230.3 230.3 0.0 262.3 -32.0 274.8 -40.0 2.6 -42.6 1.2 0.0 0.0 49.1 -43.8 92.9 -33.8 59.1 27.8 216.4 192.5 66.3 -12.7 -89.2 -57.2 219.7 119.3 -6.5 1.1 3.0 -2.8 6.2 -21.1 0.0 0.0 -18.5 -4.6 -4.8 4.4 68.5 0.0 -3.7 22.0

2009
92.0 -39.0 53.0 0.0 0.0 0.0 0.0 53.0 0.4 0.0 0.4 146.2 0.0 146.6 94.5 94.5 52.1 32.2 -94.1 3.7 0.9 0.1 147.5 89.0 89.0 0.0 111.2 -22.2 116.3 -13.1 0.6 -13.7 0.0 0.0 0.0 -226.9 -13.7 -213.2 -13.6 -226.8 0.0 155.1 155.1 178.3 -9.3 6.0 6.0 57.6 130.7 -4.6 0.7 1.9 0.0 1.1 -25.8 0.0 0.0 -15.4 -1.5 -1.5 0.0 60.3 -67.4 -61.4 5.8

100

Mian Textile Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

221.1 146.4 367.5 0.0 0.0 246.1 246.1 613.6 10.1 10.1 0.0 118.8 302.2 431.1 491.2 737.3 -60.1 583.8 -481.1 1293.3 673.6 47.9 1104.7 970.8 611.1 359.7 913.8 57.0 959.1 12.5 27.7 -15.2 5.1 0.0 0.0 233.7 -20.3 254.0 27.6 281.6 40.1 87.8 26.2 200.6 -1.4 -8.7 9.8 166.2 98.8 221.6 2.9 4.7 3.8 -4.1 0.0 -1.6 -0.7 -0.9 11.5 87.9 75.0 17.9 16.6

2005
221.1 114.1 335.2 0.0 0.0 262.3 262.3 597.5 1.8 1.8 0.0 136.1 276.7 414.6 549.8 812.1 -135.2 681.5 -548.0 1401.5 732.7 37.8 1147.3 749.5 444.5 305.0 703.8 45.7 734.2 16.3 46.7 -30.4 3.5 0.0 0.0 -16.1 -33.9 17.8 3.9 21.7 43.9 75.4 25.1 242.3 -2.6 18.0 151.6 98.0 286.5 6.2 6.9 4.6 -9.1 0.0 -4.1 -1.4 -1.5 5.6 65.3 100.0 -22.8 15.2

2006
221.1 63.9 285.0 0.0 0.0 321.9 321.9 606.9 1.9 1.9 0.0 99.5 298.5 399.9 502.0 823.9 -102.1 694.6 -500.1 1435.4 709.0 34.4 1108.9 927.5 602.0 325.5 901.3 26.2 940.4 -9.6 77.8 -87.4 4.8 0.0 0.0 9.4 -92.2 101.6 -57.8 43.8 53.0 79.7 20.2 289.1 -7.9 -980.9 -132.0 128.9 101.4 -810.4 8.4 11.2 -5.5 3.8 -30.7 0.0 0.0 -9.4 -4.0 -4.2 4.7 83.6 185.7 23.7 12.9

2007
221.1 -149.0 72.1 0.0 0.0 340.7 340.7 412.8 5.6 5.6 0.0 100.9 251.3 357.8 576.5 917.2 -218.7 639.1 -570.9 1336.8 631.4 33.1 989.2 748.0 531.8 216.2 746.2 1.8 805.5 -57.4 88.1 -145.5 3.7 0.0 0.0 -194.1 -149.2 -44.9 -116.1 -161.0 82.5 62.1 18.5 1272.1 -14.7 76.9 72.1 32.6 107.7 -153.5 11.8 13.8 -2.5 2.7 -201.8 0.0 0.0 -19.5 -6.6 -6.7 4.7 75.6 65.0 -19.4 3.3

2008
221.1 -85.5 135.6 0.0 0.0 494.4 494.4 630.0 1.7 1.7 0.0 87.4 114.5 203.6 339.4 833.8 -135.8 629.5 -337.7 822.3 765.7 9.3 969.3 540.6 468.8 71.8 610.8 -70.2 650.3 -109.7 40.3 -150.0 2.7 0.0 0.0 217.2 -152.7 369.9 -143.4 226.5 78.5 60.0 26.3 614.9 -15.5 -70.3 -63.3 61.3 120.3 -36.7 7.5 6.4 -1.8 2.7 -110.6 0.0 0.0 -27.7 -6.8 -6.9 1.5 55.8 3.0 -27.7 6.1

2009
221.1 -184.0 37.1 0.0 0.0 443.5 443.5 480.6 0.5 0.5 0.0 94.5 74.9 169.9 412.9 856.4 -243.0 584.0 -412.4 816.7 723.5 40.9 893.4 261.7 240.2 21.5 286.4 -24.7 301.3 -37.8 38.3 -76.1 0.0 0.0 0.0 -149.4 -76.1 -73.3 -35.2 -108.5 92.3 41.1 23.0 2308.4 -8.5 50.9 32.4 16.8 115.1 -101.3 14.6 6.6 0.0 10.0 -205.1 0.0 0.0 -29.1 -3.4 -3.4 5.3 29.3 -50.0 -51.6 1.7

101

Mohammad Farooq Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

188.9 501.1 690.0 0.0 0.0 194.4 194.4 884.4 0.9 0.9 0.0 267.6 484.9 753.4 812.5 1006.9 -59.1 712.0 -811.6 978.8 943.4 38.6 1696.8 992.9 948.6 44.3 821.3 171.6 937.5 57.7 41.7 16.0 6.9 0.0 0.0 389.4 9.1 380.3 47.7 428.0 22.0 92.7 33.0 145.9 0.9 2.3 11.1 365.3 94.4 72.3 4.2 5.9 43.1 15.1 2.3 0.0 1.6 0.8 0.5 7.6 58.5 -98.3 -7.2 36.5

2005
188.9 811.8 1000.7 0.0 0.0 300.1 300.1 1300.8 0.7 0.7 0.0 140.7 603.9 745.3 867.1 1167.2 -121.8 920.5 -866.4 1469.9 1422.7 40.9 2168.0 722.4 99.0 623.4 599.4 123.0 689.2 34.8 34.3 0.5 4.7 0.0 0.0 416.4 -4.2 420.6 36.7 457.3 23.1 86.0 16.3 116.6 0.0 -1.0 8.0 529.8 95.4 98.6 4.7 3.7 940.0 12.4 0.0 0.0 0.1 0.0 -0.2 4.3 33.3 -100.0 -27.2 53.0

2006
188.9 775.5 964.4 0.0 0.0 221.9 221.9 1186.3 8.4 8.4 0.0 239.8 664.7 912.9 1180.8 1402.7 -267.9 1028.2 -1172.4 1559.1 1454.2 58.1 2367.1 1018.1 235.7 782.4 837.7 180.4 977.3 46.5 80.6 -34.1 8.1 0.0 0.0 -114.5 -42.2 -72.3 15.9 -56.4 18.7 77.3 21.0 145.4 -1.4 36.9 -28.2 510.5 96.0 173.3 7.9 7.8 -23.8 11.6 -3.5 0.0 0.0 -3.3 -1.8 -2.2 4.1 43.0 0.0 40.9 51.1

2007
188.9 675.5 864.4 0.0 0.0 157.9 157.9 1022.3 0.9 0.9 0.0 304.0 640.5 945.4 1312.9 1470.8 -367.5 881.4 -1312.0 1568.0 1389.8 73.2 2335.2 1410.3 121.4 1288.9 1242.7 167.6 1407.1 6.1 95.9 -89.8 12.6 0.0 0.0 -164.0 -102.4 -61.6 -29.2 -90.8 15.4 72.0 23.2 170.2 -3.8 62.4 32.2 457.6 99.8 1572.1 6.8 10.9 -14.0 10.5 -10.4 0.0 0.0 -6.4 -4.8 -5.4 5.0 60.4 166.7 38.5 45.8

2008
188.9 596.4 785.3 0.0 0.0 106.3 106.3 891.6 6.2 6.2 0.0 337.2 692.6 1036.0 1441.7 1548.0 -405.7 873.4 -1435.5 1528.2 1297.3 63.9 2333.3 1229.4 94.0 1135.4 1119.7 109.7 1276.5 -15.5 90.9 -106.4 12.3 0.0 0.0 -130.7 -118.7 -12.0 -54.8 -66.8 11.9 71.9 23.8 197.1 -4.6 90.8 82.0 415.7 103.8 -586.5 7.4 10.4 -11.6 14.3 -13.5 0.0 0.0 -8.7 -5.6 -6.3 4.6 52.7 16.7 -12.8 41.6

2009
188.9 173.5 362.4 0.0 0.0 44.0 44.0 406.4 7.6 7.6 0.0 293.4 432.0 733.0 1572.6 1616.6 -839.6 948.4 -1565.0 1528.6 1246.1 58.1 1979.1 1101.7 320.4 781.3 1293.8 -192.1 1429.0 -302.9 99.3 -402.2 8.8 0.0 0.0 -485.2 -411.0 -74.2 -352.9 -427.1 10.8 46.6 19.1 446.1 -20.3 84.7 82.6 191.8 129.7 -32.8 9.0 10.5 -2.2 13.4 -111.0 0.0 0.0 -36.5 -21.3 -21.8 4.5 55.7 280.4 -10.4 19.2

102

Mubarak Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

27.0 -12.9 14.1 0.0 0.0 17.3 17.3 31.4 0.9 0.9 0.0 48.2 10.2 59.3 100.8 118.1 -41.5 36.1 -99.9 139.3 72.9 5.0 132.2 80.2 74.9 5.3 92.9 -12.7 122.6 -42.4 0.6 -43.0 0.4 0.0 0.0 -88.7 -43.4 -45.3 -38.4 -83.7 55.1 58.8 48.7 837.6 -32.5 52.2 152.9 0.7 1.7 30.0 -305.0 0.0 -53.6 -15.9 -16.1 6.6 60.7 -2750.0 -8.2 5.2

2005
27.0 -43.6 -16.6 0.0 0.0 6.9 6.9 -9.7 0.2 0.2 0.0 29.4 4.9 34.5 113.4 120.3 -78.9 72.5 -113.2 148.9 69.1 4.0 103.6 47.1 47.1 0.0 54.8 -7.7 77.3 -30.2 1.6 -31.8 0.2 0.0 0.0 -41.1 -32.0 -9.1 -28.0 -37.1 30.4 26.1 -30.7 -61.5 164.1 3.4 2.2 52.0 -67.5 -11.8 -11.9 5.5 45.5 -25.8 -41.3 -6.1

2006
27.0 -46.1 -19.1 0.0 0.0 0.0 0.0 -19.1 0.7 0.7 0.0 35.1 4.2 40.0 124.3 124.3 -84.3 69.9 -123.6 149.9 65.2 5.0 105.2 76.1 76.1 0.0 68.7 7.4 76.6 0.5 3.5 -3.0 0.4 0.0 0.0 -9.4 -3.4 -6.0 1.6 -4.4 0.0 32.2 28.8 0.0 -2.9 36.2 -36.4 -70.7 100.7 700.0 4.6 5.0 -13.3 36.1 0.0 0.0 0.0 -3.9 -1.1 -1.3 7.2 72.3 -90.7 61.6 -7.1

2007
54.0 -48.2 5.8 0.0 0.0 1.3 1.3 7.1 2.5 2.5 0.0 44.9 0.0 47.4 105.4 106.7 -58.0 43.8 -102.9 151.3 65.1 4.7 112.5 92.1 92.1 0.0 79.8 12.3 91.1 199.4 4.0 195.4 0.5 0.0 0.0 26.2 194.9 -168.7 199.6 30.9 18.3 45.0 45.0 1839.7 173.7 743.9 646.0 10.7 98.9 2.0 4.3 9.1 0.3 3.5 3369.0 0.0 0.0 212.2 36.2 36.1 7.2 81.9 -3390.9 21.0 1.1

2008
54.0 -62.2 -8.2 0.0 0.0 0.0 0.0 -8.2 0.3 0.3 0.0 39.0 0.0 39.3 108.2 108.2 -68.9 42.5 -107.9 65.3 60.6 4.6 99.9 83.5 83.5 0.0 85.6 -2.1 94.2 -8.9 4.0 -12.9 0.4 0.0 0.0 -15.3 -13.3 -2.0 -8.7 -10.7 0.0 36.3 36.3 0.0 -12.9 86.9 81.3 -15.2 112.8 -44.9 4.8 9.4 -3.1 31.7 0.0 0.0 0.0 -15.4 -2.4 -2.5 7.1 83.6 -106.6 -9.3 -1.5

2009
54.0 -68.4 -14.4 0.0 0.0 1.3 1.3 -13.1 0.6 0.6 0.0 23.8 0.0 24.4 100.7 102.0 -76.3 44.2 -100.1 161.7 63.2 4.5 87.6 51.6 51.6 0.0 48.7 2.9 52.3 1.9 7.0 -5.1 0.6 0.0 0.0 -4.9 -5.7 0.8 -1.2 -0.4 0.0 24.2 24.2 0.0 -5.8 116.3 300.0 -26.7 101.4 368.4 13.6 15.8 -11.8 35.7 0.0 0.0 0.0 -9.9 -0.9 -1.1 6.9 58.9 -62.5 -38.2 -2.7

103

Mukhtar Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

145.0 -32.8 112.2 0.0 0.0 6.0 6.0 118.2 4.7 4.7 0.0 52.6 12.3 69.6 42.9 48.9 26.7 13.4 -38.2 204.8 91.5 7.7 161.1 277.6 277.6 0.0 268.1 9.5 432.8 -146.5 52.0 -198.5 1.4 0.0 0.0 47.7 -199.9 247.6 -192.2 55.4 5.1 162.2 133.6 43.6 -123.2 -419.1 -346.9 77.4 155.9 18.7 388.1 16.9 -176.9 0.0 -71.5 -13.7 -13.8 9.9 172.3 -3525.0 12.3 7.7

2005
145.0 -53.4 91.6 0.0 0.0 5.3 5.3 96.9 0.2 0.2 0.0 21.4 26.6 48.2 39.4 44.7 8.8 9.4 -39.2 207.9 88.2 6.4 136.4 164.9 164.9 0.0 183.0 -18.1 186.5 -21.2 0.1 -21.3 0.8 0.0 0.0 -21.3 -22.1 0.8 -15.7 -14.9 5.5 122.3 54.8 48.8 -15.6 63.2 113.1 0.1 1.1 7.6 -23.3 0.0 -12.9 -1.5 -1.5 7.0 120.9 -89.1 -40.6 6.3

2006
145.0 -43.6 101.4 0.0 0.0 2.3 2.3 103.7 0.2 0.2 0.0 55.7 10.0 65.9 47.6 49.9 18.3 6.4 -47.4 214.1 85.3 9.1 151.2 300.2 300.2 0.0 289.6 10.6 294.8 5.5 0.0 5.5 1.5 0.0 0.0 6.8 4.0 2.8 13.1 15.9 2.2 138.4 117.4 49.2 3.6 58.8 82.4 69.9 98.2 0.0 0.0 0.0 27.3 10.4 5.4 0.0 0.0 1.8 0.4 0.3 10.3 198.5 -126.7 82.0 7.0

2007
145.0 -42.6 102.4 0.0 0.0 0.7 0.7 103.1 0.1 0.1 0.0 54.4 12.0 66.5 40.6 41.3 25.9 1.0 -40.5 214.1 77.2 8.2 143.7 211.1 211.1 0.0 204.0 7.1 208.4 2.7 0.0 2.7 1.1 0.0 0.0 -0.6 1.6 -2.2 9.8 7.6 0.7 163.8 134.2 40.3 1.9 -266.7 128.9 70.6 98.7 0.0 0.0 0.0 40.7 15.0 2.6 0.0 0.0 1.3 0.2 0.1 9.6 146.9 -50.0 -29.7 7.1

2008
145.0 -58.0 87.0 0.0 0.0 0.0 0.0 87.0 0.0 0.0 0.0 43.7 0.0 43.7 26.7 26.7 17.0 0.0 -26.7 214.1 69.9 7.3 113.6 114.5 114.5 0.0 18.5 96.0 20.2 94.3 0.6 93.7 0.1 0.0 0.0 -16.1 93.6 -109.7 100.9 -8.8 0.0 163.7 163.7 30.7 82.5 -581.4 -1146.6 60.0 17.6 0.6 0.5 0.0 0.1 24.0 107.7 0.0 0.0 81.8 6.5 6.5 9.5 100.8 3150.0 -45.8 6.0

2009
145.0 -87.3 57.7 0.0 0.0 0.0 0.0 57.7 0.0 0.0 0.0 4.2 0.0 4.2 23.8 23.8 -19.6 0.0 -23.8 214.1 77.3 6.6 81.5 0.0 0.0 0.0 0.0 0.0 29.2 -29.2 0.0 -29.2 0.0 0.0 0.0 -29.3 -29.2 -0.1 -22.6 -22.7 0.0 17.6 17.6 41.2 -35.8 99.7 99.6 39.8 0.0 0.0 0.0 0.0 0.0 0.0 -50.6 0.0 0.0 0.0 -2.0 -2.0 7.9 0.0 -130.8 -100.0 4.0

104

N.P. Spinning Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

147.0 212.5 359.5 0.0 0.0 25.9 25.9 385.4 180.3 180.3 0.0 92.1 254.7 527.1 437.9 463.8 89.2 171.0 -257.6 606.2 296.1 31.6 823.2 1130.2 812.3 317.9 938.8 191.4 973.4 158.0 13.2 144.8 32.6 66.2 0.0 77.9 46.0 31.9 77.6 109.5 6.7 120.4 62.2 129.0 17.6 59.1 70.9 244.6 86.1 8.4 1.2 7.7 22.5 2.6 40.3 169.5 18.4 12.8 9.9 7.6 12.5 137.3 147.5 33.5 24.5

2005
147.0 87.1 234.1 0.0 0.0 2.6 2.6 236.7 178.2 178.2 0.0 144.3 119.0 441.5 473.1 475.7 -31.6 149.2 -294.9 607.6 268.4 21.5 709.9 716.2 373.2 343.0 532.4 183.8 560.6 159.5 15.4 144.1 31.2 235.2 0.0 -148.7 -122.3 -26.4 -100.8 -127.2 1.1 93.3 68.2 203.2 20.3 159.3 78.3 9.7 2.2 10.3 21.7 9.1 61.6 48.0 100.5 20.1 9.8 7.7 7.5 100.9 -1.0 -36.6 15.9

2006
147.0 140.0 287.0 0.0 0.0 0.0 0.0 287.0 44.8 44.8 0.0 71.1 276.0 391.9 357.6 357.6 34.3 166.6 -312.8 618.6 252.8 27.3 644.7 894.6 740.1 154.5 757.9 136.7 789.4 108.9 27.4 81.5 25.7 0.0 0.0 50.3 55.8 -5.5 83.1 77.6 0.0 109.6 32.4 124.6 12.6 110.9 107.1 195.2 88.2 25.2 3.1 16.4 31.5 3.1 28.4 0.0 0.0 9.1 5.5 3.8 10.2 138.8 -43.9 24.9 19.5

2007
147.0 130.3 277.3 0.0 0.0 0.0 0.0 277.3 35.4 35.4 0.0 64.6 182.4 282.4 246.3 246.3 36.1 48.9 -210.9 629.8 241.3 26.2 523.7 967.3 964.6 2.7 843.8 123.5 878.0 136.7 21.2 115.5 26.5 48.5 0.0 -9.7 40.5 -50.2 66.7 16.5 0.0 114.7 40.6 88.8 22.1 -417.5 404.2 188.6 90.8 15.5 2.2 43.4 22.9 1.8 41.7 183.5 17.5 11.9 7.9 6.1 10.4 184.7 43.6 8.1 18.9

2008
147.0 152.9 299.9 0.0 0.0 7.0 7.0 306.9 6.6 6.6 0.0 52.2 353.0 411.8 339.7 346.7 72.1 158.9 -333.1 646.9 234.8 24.7 646.6 1141.7 1141.7 0.0 1024.0 117.7 1065.7 83.4 13.9 69.5 22.7 49.0 42.0 29.6 -2.2 31.8 22.5 54.3 2.3 121.2 17.3 115.6 10.7 -7.4 41.4 204.0 93.3 16.7 1.2 8.7 32.7 1.2 23.2 95.5 16.3 6.1 4.7 3.2 10.2 176.6 -40.5 18.0 20.4

2009
147.0 144.2 291.2 0.0 0.0 0.0 0.0 291.2 27.3 27.3 0.0 80.1 290.2 397.6 334.5 334.5 63.1 121.6 -307.2 664.1 228.0 24.6 625.6 1157.0 1157.0 0.0 1089.1 67.9 1128.4 30.9 20.7 10.2 2.4 0.0 0.0 -15.7 7.8 -23.5 32.4 8.9 0.0 118.9 32.1 114.9 1.6 -49.7 364.0 198.1 97.5 67.0 1.8 17.0 23.5 2.8 3.5 0.0 0.0 0.9 0.7 0.5 10.5 184.9 -85.1 1.3 19.8

105

Nadeem Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

120.2 211.3 331.5 0.0 0.0 73.4 73.4 404.9 2.5 2.5 0.0 231.0 312.9 546.4 471.5 544.9 74.9 449.8 -469.0 544.4 329.9 32.6 876.3 715.6 711.2 4.4 156.3 559.3 185.3 531.8 17.1 514.7 709.5 0.0 0.0 81.3 -194.8 276.1 -162.2 113.9 18.1 115.9 49.5 164.4 58.7 -239.6 -142.4 275.8 25.9 3.2 2.4 3.8 137.8 23.5 155.3 0.0 71.9 42.8 -16.2 12.3 81.7 1158.8 23.0 27.6

2005
120.2 219.6 339.8 0.0 0.0 126.4 126.4 466.2 4.8 4.8 0.0 188.9 332.5 526.2 469.4 595.8 56.8 537.4 -464.6 653.6 409.4 29.6 935.6 755.3 504.4 250.9 696.7 58.6 717.0 42.0 33.0 9.0 3.5 12.0 0.0 61.3 -6.5 67.8 23.1 90.9 27.1 112.1 41.3 175.3 1.0 -10.6 25.4 282.7 94.9 78.6 4.4 6.1 38.9 18.9 2.6 45.8 3.5 1.2 0.7 0.5 8.7 80.7 -98.4 5.5 28.3

2006
120.2 215.4 335.6 0.0 0.0 159.4 159.4 495.0 2.9 1.5 1.4 207.7 229.1 439.7 464.1 623.5 -24.4 561.6 -461.2 809.3 519.4 45.8 959.1 1284.5 681.5 603.0 1182.6 101.9 1218.9 69.9 62.9 7.0 9.7 0.0 0.0 28.8 -2.7 31.5 43.1 74.6 32.2 94.7 45.4 185.8 0.7 -9.4 57.8 279.2 94.9 90.0 4.9 11.2 138.6 9.4 2.1 0.0 0.0 0.5 0.6 -0.2 11.9 133.9 -14.3 70.1 27.9

2007
120.2 165.6 285.8 0.0 0.0 89.6 89.6 375.4 1.4 1.4 0.0 232.1 137.1 370.6 507.8 597.4 -137.2 446.3 -506.4 846.0 512.5 52.0 883.1 1633.1 1022.9 610.2 1519.2 113.9 1557.0 77.5 76.0 1.5 9.2 0.0 0.0 -119.6 -7.7 -111.9 44.3 -67.6 23.9 73.0 46.0 209.0 0.2 6.4 -65.5 237.8 95.3 98.1 4.7 17.0 613.3 10.9 0.5 0.0 0.0 0.1 0.1 -0.6 10.0 184.9 -83.3 27.1 23.8

2008
120.2 141.1 261.3 0.0 0.0 78.2 78.2 339.5 0.9 0.9 0.0 224.5 376.3 601.7 747.1 825.3 -145.4 711.7 -746.2 869.5 484.7 49.4 1086.4 1479.6 948.8 530.8 1383.6 96.0 1419.5 58.8 80.7 -21.9 7.5 0.0 0.0 -35.9 -29.4 -6.5 20.0 13.5 23.0 80.5 30.2 315.8 -2.0 81.9 148.1 217.4 95.9 137.2 5.5 11.3 -34.2 11.4 -8.4 0.0 0.0 -1.5 -1.8 -2.4 9.6 136.2 -1900.0 -9.4 21.7

2009
120.2 149.1 269.3 0.0 0.0 9.6 9.6 278.9 8.8 0.9 7.9 156.9 287.0 452.7 616.9 626.5 -164.2 489.6 -608.1 878.6 443.1 46.1 895.8 1631.6 900.2 731.4 1472.2 159.4 1525.8 105.8 94.8 11.0 8.1 0.0 0.0 -60.6 2.9 -63.5 49.0 -14.5 3.4 73.4 26.9 232.6 1.2 -4.8 -337.9 224.0 93.5 89.6 5.8 19.4 73.6 6.5 4.1 0.0 0.0 0.7 0.9 0.2 9.5 182.1 -150.0 10.3 22.4

106

Nagina Cotton Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

187.0 215.5 402.5 241.9 0.0 144.2 386.1 788.6 282.9 167.0 115.9 186.1 114.3 583.3 340.9 727.0 242.4 333.4 -58.0 0.0 546.2 0.0 1129.5 1382.8 1082.8 300.0 1227.8 155.0 1291.4 125.8 46.7 79.1 19.0 94.8 0.0 0.0 -34.7 34.7 -34.7 0.0 49.0 171.1 137.6 180.6 7.0 215.2 93.4 37.1 3.4 14.0 24.0 6.9 19.7 63.4 23.6 5.7 4.2 3.2 0.0 122.4 0.0 0.0 21.5

2005
187.0 612.6 799.6 120.9 0.0 701.4 822.3 1621.9 145.9 119.3 26.6 322.8 581.1 1049.8 880.8 1703.1 169.0 1285.2 -734.9 2429.0 1452.9 93.8 2502.7 2230.5 1714.3 516.2 1928.5 302.0 2021.3 213.9 57.6 156.3 25.0 39.8 0.0 833.3 91.5 741.8 185.3 927.1 50.7 119.2 53.2 213.0 6.2 11.0 20.0 427.6 90.6 26.9 2.6 4.5 16.0 5.9 19.5 329.9 5.0 7.0 8.4 7.0 7.2 89.1 100.0 61.3 42.8

2006
187.0 639.3 826.3 120.9 0.0 726.0 846.9 1673.2 209.6 184.9 24.7 327.8 567.3 1104.7 982.1 1829.0 122.6 1516.3 -772.5 2641.3 1550.7 149.6 2655.4 2813.2 2130.9 682.3 2465.5 347.7 2576.2 246.3 147.2 99.1 16.2 57.9 0.0 51.3 25.0 26.3 174.6 200.9 50.6 112.5 54.7 221.3 3.7 48.7 86.9 441.9 91.6 59.8 5.2 9.7 16.3 7.6 12.0 143.2 7.0 3.5 5.3 4.4 10.3 105.9 -36.9 26.1 44.2

2007
187.0 253.0 440.0 120.9 0.0 246.6 367.5 807.5 161.1 8.4 152.7 263.6 185.1 609.8 403.0 770.5 206.8 446.2 -241.9 1291.3 600.7 64.2 1210.5 1540.5 1051.0 489.5 1377.1 163.4 1448.5 128.8 74.0 54.8 7.7 0.0 0.0 -865.7 47.1 -912.8 111.3 -801.5 45.5 151.3 105.4 175.1 4.5 -5.4 -13.9 235.3 94.0 57.5 4.8 16.6 14.1 10.8 12.5 0.0 0.0 3.6 2.9 2.5 9.7 127.3 -45.3 -45.2 23.5

2008
187.0 217.3 404.3 0.0 0.0 308.8 308.8 713.1 161.9 2.0 159.9 196.8 282.3 641.0 475.0 783.8 166.0 631.6 -313.1 1256.8 547.0 59.6 1188.0 1805.9 1290.1 515.8 1664.5 141.4 1741.6 96.1 83.4 12.7 9.0 0.0 0.0 -94.4 3.7 -98.1 63.3 -34.8 43.3 134.9 75.5 193.9 1.1 -3.9 -181.9 216.2 96.4 86.8 4.6 13.2 70.9 7.9 3.1 0.0 0.0 0.7 0.7 0.2 9.9 152.0 -75.9 17.2 21.6

2009
187.0 224.9 411.9 0.0 0.0 159.4 159.4 571.3 147.7 4.9 142.8 285.1 338.0 770.8 716.7 876.1 54.1 637.1 -569.0 1282.8 517.3 55.4 1288.1 2136.9 1241.1 895.8 1941.7 195.2 2030.0 124.4 109.6 14.8 9.6 0.0 0.0 -141.8 5.2 -147.0 60.6 -86.4 27.9 107.5 60.4 212.7 1.1 -3.7 -70.1 220.3 95.0 88.1 5.1 17.2 64.9 7.3 3.6 0.0 0.0 0.7 0.8 0.3 10.1 165.9 14.3 18.3 22.0

107

Nakshbandi Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

242.1 270.0 512.1 0.0 0.0 582.5 582.5 1094.6 7.0 7.0 0.0 585.8 695.3 1288.1 1285.4 1867.9 2.7 1576.4 -1278.4 1748.0 1091.8 118.6 2379.9 1244.7 1037.2 207.5 1837.9 -593.2 1854.1 -609.0 163.3 -772.3 1802.9 53.4 0.0 170.6 -2628.6 2799.2 -2510.0 289.2 53.2 100.2 46.1 364.8 -32.5 -1540.8 -867.9 211.5 149.0 13.1 10.4 24.5 -150.8 -4822.5 10.4 -62.0 -31.9 -106.4 0.0 52.3 1081.5 3.5 21.2

2005
242.1 242.6 484.7 0.0 0.0 510.5 510.5 995.2 12.2 12.2 0.0 317.7 745.1 1075.0 1429.4 1939.9 -354.4 1592.5 -1417.2 1962.9 1349.6 97.4 2424.6 1369.4 164.0 1205.4 1194.9 174.5 1304.1 65.3 65.1 0.2 11.5 0.3 8.6 -99.4 -11.6 -87.8 85.8 -2.0 51.3 75.2 23.1 400.2 0.0 200.2 95.2 99.7 4.8 4.1 5750.0 9.3 0.0 -3766.7 0.1 0.0 0.0 -0.5 8.9 56.5 -100.0 10.0 20.0

2006
338.9 516.2 855.1 0.0 0.0 348.4 348.4 1203.5 4.7 4.7 0.0 386.7 695.0 1086.4 1563.1 1911.5 -476.7 1539.0 -1558.4 2561.4 1680.2 134.6 2766.6 1995.0 147.2 1847.8 1779.2 215.8 1925.7 69.3 144.3 -75.0 21.0 0.0 0.0 208.3 -96.0 304.3 38.6 342.9 28.9 69.5 25.0 223.5 -2.7 -46.1 11.3 252.3 96.5 208.2 7.2 9.4 -28.0 4.0 -8.8 0.0 0.0 -3.8 -2.2 -2.8 10.0 72.1 0.0 45.7 25.2

2007
338.9 -301.3 37.6 0.0 0.0 595.6 595.6 633.2 6.2 6.2 0.0 275.4 259.2 540.8 1556.1 2151.7 -1015.3 1077.0 -1549.9 2651.3 1648.5 143.9 2189.3 1615.3 249.3 1366.0 1817.1 -201.8 1952.1 -336.8 145.0 -481.8 16.0 0.0 0.0 -570.3 -497.8 -72.5 -353.9 -426.4 94.1 34.8 18.1 5722.6 -22.0 87.3 83.0 11.1 120.9 -43.1 9.0 13.5 -3.3 5.0 -1281.4 0.0 0.0 -29.8 -14.2 -14.7 8.6 73.8 545.5 -19.0 1.1

2008
338.9 -100.7 238.2 0.0 0.0 578.8 578.8 817.0 213.7 213.7 0.0 326.4 283.3 823.4 1371.6 1950.4 -548.2 880.4 -1157.9 2312.6 1365.2 110.6 2188.6 1278.7 149.9 1128.8 1166.2 112.5 1316.2 -34.3 58.7 -93.0 12.8 0.0 0.0 183.8 -105.8 289.6 4.8 294.4 70.8 60.0 39.4 818.8 -4.2 -57.6 1.6 70.3 102.9 -171.1 4.6 6.7 -13.8 3.9 -39.0 0.0 0.0 -7.3 -2.7 -3.1 6.7 58.4 -81.0 -20.8 7.0

2009
749.0 572.5 1321.5 0.0 0.0 486.0 486.0 1807.5 211.4 211.4 0.0 441.9 264.0 917.3 653.8 1139.8 263.5 897.8 -442.4 2587.7 1544.1 103.8 2461.4 1749.1 195.2 1553.9 1500.4 248.7 1685.3 61.6 50.9 10.7 17.5 0.0 0.0 990.5 -6.8 997.3 97.0 1094.3 26.9 140.3 99.9 86.3 0.4 -0.7 8.9 176.4 96.4 82.6 2.9 5.7 163.6 15.5 0.8 0.0 0.0 0.6 0.1 -0.1 7.6 71.1 -103.7 36.8 17.6

108

Nazir Cotton Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

180.0 -266.5 -86.5 0.0 0.0 53.9 53.9 -32.6 12.8 12.8 0.0 16.2 9.1 38.1 187.1 241.0 -149.0 142.2 -174.3 450.9 116.4 6.0 154.5 204.9 204.9 0.0 218.7 -13.8 227.5 -22.6 5.6 -28.2 0.9 0.0 23.2 -59.6 -29.1 -30.5 -23.1 -53.6 20.4 15.5 -18.3 -48.1 111.0 2.7 3.9 1.4 -13.8 -1.6 -1.6 4.9 132.6 -42.9 -19.8 -4.8

2005
230.0 -310.7 -80.7 0.0 0.0 106.7 106.7 26.0 3.6 1.9 1.7 16.7 12.1 32.4 118.4 225.1 -86.0 123.3 -114.8 450.9 111.9 4.5 144.3 179.6 179.6 0.0 191.0 -11.4 197.5 15.1 1.1 14.0 0.8 0.0 0.0 58.6 13.2 45.4 17.7 63.1 410.4 27.4 17.1 9.7 22.5 28.1 -35.1 110.0 7.3 0.6 0.9 5.7 2.0 7.8 0.6 0.6 3.9 124.5 -137.5 -12.3 -3.5

2006
230.0 -223.6 6.4 0.0 0.0 74.5 74.5 80.9 1.2 0.6 0.6 22.2 15.1 38.5 65.1 139.6 -26.6 85.9 -63.9 450.9 107.5 4.4 146.0 195.7 195.7 0.0 207.3 -11.6 216.7 14.0 1.9 12.1 1.0 0.0 0.0 54.9 11.1 43.8 15.5 59.3 92.1 59.1 35.9 2181.3 8.3 20.2 26.1 2.8 110.7 13.6 1.0 2.2 8.3 1.8 189.1 0.0 0.0 6.2 0.5 0.5 3.9 134.0 -16.7 9.0 0.3

2007
230.0 -319.8 -89.8 0.0 0.0 70.2 70.2 -19.6 1.2 0.3 0.9 27.1 1.3 29.6 152.6 222.8 -123.0 80.2 -151.4 450.9 103.5 4.0 133.1 57.3 57.3 0.0 74.0 -16.7 76.4 -17.9 1.3 -19.2 -15.8 0.0 0.0 -100.5 -3.4 -97.1 0.6 -96.5 0.0 19.4 18.5 0.0 -14.4 3.4 -0.6 -39.0 133.3 -7.3 2.3 1.6 82.3 5.4 0.0 0.0 0.0 -33.5 -0.8 -0.1 3.7 43.1 -260.0 -70.7 -3.9

2008
230.0 -326.3 -96.3 0.0 0.0 60.5 60.5 -35.8 0.8 0.2 0.6 27.5 1.1 29.4 165.1 225.6 -135.7 70.5 -164.3 450.9 100.0 3.6 129.4 0.2 0.2 0.0 0.2 0.0 7.3 -6.1 0.0 -6.1 0.0 0.0 0.0 -16.2 -6.1 -10.1 -2.5 -12.6 0.0 17.8 17.1 0.0 -4.7 37.7 19.8 -41.9 3650.0 0.0 0.0 0.0 0.0 2400.0 0.0 0.0 0.0 -3050.0 -0.3 -0.3 3.5 0.2 -62.5 -99.7 -4.2

2009
230.0 -328.6 -98.6 0.0 0.0 60.5 60.5 -38.1 1.0 0.2 0.8 24.7 1.1 26.8 161.7 222.2 -134.9 80.2 -160.7 451.0 96.8 3.2 123.6 0.0 0.0 0.0 0.0 0.0 8.0 -2.3 0.0 -2.3 0.2 0.0 0.0 -2.3 -2.5 0.2 0.7 0.9 0.0 16.6 15.9 0.0 -1.9 108.7 77.8 -42.9 0.0 0.0 0.0 0.0 -8.7 0.0 0.0 0.0 0.0 0.0 -0.1 -0.1 3.2 0.0 -66.7 -100.0 -4.3

109

Nina Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

242.0 544.3 786.3 0.0 0.0 629.9 629.9 1416.2 17.5 17.5 0.0 982.0 799.4 1798.9 1780.4 2410.3 18.5 1662.6 -1762.9 1948.5 1397.7 103.4 3196.6 1216.2 170.7 1045.5 1026.9 189.3 1097.3 122.6 176.0 -53.4 9.2 0.0 0.0 434.5 -62.6 497.1 40.8 537.9 44.5 101.0 56.1 306.5 -1.7 -14.4 7.6 324.9 90.2 143.6 14.5 10.6 51.8 -6.8 0.0 -4.4 -2.2 -2.6 10.4 38.0 -540.0 -29.2 32.5

2005
242.0 453.9 695.9 0.0 0.0 493.9 493.9 1189.8 60.3 60.3 0.0 600.2 1267.5 1928.0 2027.3 2521.2 -99.3 1764.3 -1967.0 1961.2 1289.1 121.4 3217.1 1125.0 210.8 914.2 903.5 221.5 1003.1 123.9 169.2 -45.3 8.4 0.0 0.0 -226.4 -53.7 -172.7 67.7 -105.0 41.5 95.1 32.6 362.3 -1.4 287.6 89.2 136.6 15.0 9.6 39.6 -6.5 0.0 -4.0 -1.9 -2.2 8.7 35.0 -13.6 -7.5 28.8

2006
242.0 646.8 888.8 0.0 0.0 343.3 343.3 1232.1 7.2 7.2 0.0 696.1 1666.9 2370.2 2330.4 2673.7 39.8 1734.0 -2323.2 1974.9 1192.5 110.6 3562.7 1546.6 186.4 1360.2 1224.1 322.5 1338.8 207.9 208.9 -1.0 15.5 0.0 0.0 42.3 -16.5 58.8 94.1 152.9 27.9 101.7 30.2 300.8 0.0 -39.0 61.5 367.3 86.6 100.5 13.5 12.0 -1550.0 35.0 -0.1 0.0 0.0 -0.1 0.0 -0.7 8.6 43.4 -100.0 37.5 36.7

2007
242.0 1084.7 1326.7 0.0 0.0 1031.1 1031.1 2357.8 2.1 2.1 0.0 1540.1 1355.2 2897.4 2159.0 3190.1 738.4 1984.2 -2156.9 2523.0 1619.4 121.2 4516.8 1880.7 108.4 1772.3 1507.1 373.6 1624.5 256.7 219.7 37.0 17.7 0.0 0.0 1125.7 19.3 1106.4 140.5 1246.9 43.7 134.2 71.4 240.5 0.8 1.7 11.3 548.2 86.4 85.6 11.7 11.1 47.8 51.0 2.8 0.0 0.0 2.0 1.5 0.8 10.2 41.6 0.0 21.6 54.8

2008
242.0 1084.7 1326.7 0.0 0.0 1031.1 1031.1 2357.8 2.1 2.1 0.0 1540.1 1355.2 2897.4 2159.0 3190.1 738.4 1984.2 -2156.9 2523.0 1619.4 121.2 4516.8 1880.7 108.4 1772.3 1507.1 373.6 1624.5 256.7 219.7 37.0 17.7 0.0 0.0 0.0 19.3 -19.3 140.5 121.2 43.7 134.2 71.4 240.5 0.8 0.0 115.9 548.2 86.4 85.6 11.7 11.1 47.8 51.0 2.8 0.0 0.0 2.0 1.5 0.8 10.2 41.6 0.0 0.0 54.8

2009
242.0 1084.7 1326.7 0.0 0.0 1031.1 1031.1 2357.8 2.1 2.1 0.0 1540.1 1355.2 2897.4 2159.0 3190.1 738.4 1984.2 -2156.9 2523.0 1619.4 121.2 4516.8 1880.7 108.4 1772.3 1507.1 373.6 1624.5 256.7 219.7 37.0 17.7 0.0 0.0 0.0 19.3 -19.3 140.5 121.2 43.7 134.2 71.4 240.5 0.8 0.0 115.9 548.2 86.4 85.6 11.7 11.1 47.8 51.0 2.8 0.0 0.0 2.0 1.5 0.8 10.2 41.6 0.0 0.0 54.8

110

Nishat (Chunian) Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

443.5 1443.6 1887.1 0.0 0.0 1116.7 1116.7 3003.8 20.4 20.4 0.0 812.4 688.7 1521.5 1354.8 2471.5 166.7 1882.3 -1334.4 3887.3 2837.1 209.1 4358.6 6688.7 746.4 5942.3 5719.8 968.9 5937.5 757.3 71.5 685.8 71.0 55.4 0.0 1051.3 559.4 491.9 768.5 1260.4 37.2 112.3 61.5 131.0 15.7 53.2 61.0 425.5 88.8 9.4 1.1 3.8 10.4 6.6 36.3 1109.7 2.9 10.3 15.5 13.9 10.7 153.5 82.4 55.9 42.6

2005
683.6 1992.5 2676.1 0.0 0.0 2780.8 2780.8 5456.9 43.6 37.4 6.2 1095.4 1330.4 2469.4 2790.6 5571.4 -321.2 5206.7 -2747.0 7647.3 5778.3 256.0 8247.7 5497.4 558.4 4939.0 4272.2 1225.2 4571.5 947.9 187.9 760.0 62.0 55.4 227.9 2453.1 642.6 1810.5 898.6 2709.1 51.0 88.5 40.8 208.2 9.2 26.2 33.2 391.5 83.2 19.8 3.4 3.6 8.2 6.1 28.4 1259.9 2.1 13.8 11.1 10.2 7.5 66.7 -28.4 -17.8 39.1

2006
752.0 2036.8 2788.8 0.0 0.0 3413.0 3413.0 6201.8 10.9 10.9 0.0 978.1 1572.8 2561.8 3263.4 6676.4 -701.6 6269.1 -3252.5 9211.2 6903.3 530.8 9465.1 6550.8 1028.1 5522.7 5382.3 1168.5 5750.2 834.8 494.0 340.8 90.0 112.8 0.0 744.9 138.0 606.9 668.8 1275.7 55.0 78.5 30.3 239.4 3.6 18.5 52.4 370.9 87.8 59.2 7.5 7.9 26.4 8.3 12.2 222.3 4.0 5.2 4.5 3.3 9.2 69.2 -59.5 19.2 37.1

2007
752.0 1934.2 2686.2 0.0 0.0 2984.1 2984.1 5670.3 60.7 60.7 0.0 1350.5 1799.9 3211.1 4085.0 7069.1 -873.9 5607.7 -4024.3 9299.2 6544.2 661.4 9755.3 7659.3 1400.9 6258.4 6702.1 957.2 6988.7 759.3 648.1 111.2 101.0 11.3 0.0 -531.5 -1.1 -530.4 660.3 129.9 52.6 78.6 34.5 263.2 1.1 0.2 508.3 357.2 91.2 85.4 8.5 11.6 90.8 11.0 4.1 90.3 0.4 1.5 1.5 0.1 9.6 78.5 -66.7 16.9 35.7

2008
752.0 1848.2 2600.2 0.0 0.0 2591.0 2591.0 5191.2 229.9 18.2 211.7 1901.1 2447.5 4578.5 5646.9 8237.9 -1068.4 5781.7 -5417.0 9595.5 6259.6 626.3 10838.1 9138.3 3250.7 5887.6 8097.4 1040.9 8412.8 782.0 705.3 76.7 58.0 14.7 0.0 -479.1 4.0 -483.1 630.3 147.2 49.9 81.1 37.7 316.8 0.7 -0.8 428.2 345.8 92.1 90.2 7.7 12.2 75.6 1.5 2.9 127.2 0.6 0.8 1.0 0.2 9.6 84.3 -33.3 19.3 34.6

2009
827.2 1860.8 2688.0 413.6 0.0 3181.9 3595.5 6283.5 1467.3 29.4 1437.9 2439.0 2183.1 6089.4 5732.4 9327.9 357.0 8286.7 -4265.1 9972.8 5926.4 537.6 12015.8 9964.5 3664.1 6300.4 8473.4 1491.1 8887.3 1249.8 1081.5 168.3 65.0 0.0 0.0 1092.3 103.3 989.0 640.9 1629.9 57.2 106.2 68.1 347.0 1.4 9.5 39.3 325.0 89.2 86.5 10.9 13.1 38.6 15.2 6.3 0.0 0.0 1.7 2.0 1.2 8.6 82.9 100.0 9.0 32.5

111

Nishat Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

1224.8 6627.5 7852.3 0.0 0.0 2622.9 2622.9 10475.2 4532.3 615.4 3916.9 3990.4 1517.1 10039.8 7696.8 10319.7 2343.0 8231.9 -3164.5 12765.8 8132.1 756.9 18171.9 15617.3 3273.4 12343.9 13683.3 1934.0 14657.8 1330.8 425.2 905.6 154.4 245.0 0.0 1686.5 506.2 1180.3 1263.1 2443.4 25.0 130.4 110.7 131.4 5.0 30.0 51.7 641.1 93.9 32.0 2.7 5.2 17.0 9.7 11.5 306.6 3.1 5.8 7.4 6.1 10.3 85.9 64.4 15.8 64.1

2005
1452.6 10466.9 11919.5 0.0 0.0 2858.2 2858.2 14777.7 6808.0 521.0 6287.0 1749.7 3322.2 11879.9 6253.3 9111.5 5626.6 7811.3 554.7 14500.1 9151.1 600.3 21031.0 11572.1 2093.5 9478.6 9437.3 2134.8 10193.6 2079.0 407.7 1671.3 166.0 245.0 0.0 4302.5 1260.3 3042.2 1860.6 4902.8 19.3 190.0 136.9 76.4 7.9 29.3 37.9 820.6 88.1 19.6 3.5 5.2 9.9 7.6 14.0 614.4 2.1 14.4 11.5 10.4 7.4 55.0 55.4 -25.9 82.1

2006
1452.6 19659.8 21112.4 0.0 0.0 3015.4 3015.4 24127.8 15193.5 50.3 15143.2 2371.4 3003.2 20568.1 7051.6 10067.0 13516.5 8673.9 8141.9 16535.2 10611.4 797.9 31179.5 16661.4 2721.6 13939.8 13945.7 2715.7 14952.9 2513.9 755.1 1758.8 201.2 217.9 145.3 9350.1 1339.7 8010.4 2137.6 10148.0 12.5 291.7 249.1 47.7 5.6 14.3 21.1 1453.4 89.7 30.0 4.5 8.7 11.4 6.2 8.3 714.8 1.0 10.6 12.1 10.7 8.7 53.4 5.2 44.0 145.3

2007
1597.9 28359.6 29957.5 0.0 0.0 1773.8 1773.8 31731.3 15536.1 69.6 15466.5 10151.9 3106.4 28794.4 7649.4 9423.2 21145.0 6792.5 7886.7 16923.9 10586.2 975.2 39380.6 17153.2 2766.1 14387.1 14308.3 2844.9 15649.0 2638.4 819.3 1819.1 220.8 217.9 0.0 7603.5 1380.4 6223.1 2355.6 8578.7 5.6 376.4 335.8 31.5 4.6 18.2 27.5 1874.8 91.2 31.1 4.8 12.1 12.1 4.8 6.1 733.5 0.7 10.6 11.4 10.0 9.2 43.6 -5.8 3.0 187.5

2008
1597.9 24894.2 26492.1 0.0 0.0 1321.9 1321.9 27814.0 21901.8 76.5 21825.3 2741.7 4163.2 28806.7 12463.3 13785.2 16343.4 11689.4 9438.5 18767.1 11470.6 1071.7 40277.3 19589.8 4414.3 15175.5 16778.1 2811.7 18328.6 7069.3 950.6 6118.7 261.1 399.5 0.0 -3917.3 5458.1 -9375.4 6529.8 -2845.6 4.8 231.1 197.7 52.0 15.2 -139.3 -229.5 1657.9 93.6 13.4 4.9 8.1 4.3 7.1 23.1 1466.2 1.5 31.2 38.3 36.7 10.1 48.6 236.0 14.2 165.8

2009
2424.8 16905.9 19330.7 0.0 0.0 2334.4 2334.4 21665.1 13519.8 111.5 13408.3 2700.7 4092.5 20313.0 9847.5 12181.9 10465.5 10110.3 3672.3 19534.2 11199.6 1116.9 31512.6 23870.3 5156.4 18713.9 19518.8 4351.5 21461.1 3008.2 1446.8 1561.4 293.5 485.0 0.0 -6148.9 782.9 -6931.8 1899.8 -5032.0 10.8 206.3 164.7 63.0 5.0 -12.7 -37.8 797.2 89.9 48.1 6.1 14.3 18.8 5.4 8.1 261.4 2.5 6.5 6.4 5.2 9.7 75.7 -83.3 21.9 79.7

112

Olympia Spinning & Weaving Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

24.0 310.3 334.3 0.0 0.0 232.1 232.1 566.4 19.1 19.1 0.0 268.2 604.6 891.9 1219.5 1451.6 -327.6 972.5 -1200.4 1221.2 894.0 47.5 1785.9 1257.8 943.9 313.9 1201.1 56.7 1225.2 32.2 57.8 -25.6 6.2 0.0 0.0 -85.5 -31.8 -53.7 15.7 -38.0 41.0 73.1 23.6 434.2 -1.4 1392.9 97.4 179.5 4.6 5.9 7.3 -7.7 0.0 -2.0 -10.7 -13.3 6.8 70.4 -361.0 18.5 139.3

2005
24.0 464.5 488.5 0.0 0.0 380.1 380.1 868.6 17.0 17.0 0.0 286.6 528.9 832.5 1244.7 1624.8 -412.2 1215.8 -1227.7 1650.9 1280.8 44.4 2113.3 1258.6 678.1 580.5 1132.5 126.1 1175.2 84.8 71.2 13.6 9.0 0.0 0.0 302.2 4.6 297.6 49.0 346.6 43.8 66.9 24.4 332.6 0.6 1.5 14.1 2035.4 93.4 84.0 5.7 5.9 66.2 13.0 2.8 0.0 1.1 5.7 1.9 5.0 59.6 -153.3 0.1 203.5

2006
24.0 582.5 606.5 0.0 0.0 416.3 416.3 1022.8 6.1 6.1 0.0 294.8 466.3 767.2 1197.8 1614.1 -430.6 1198.2 -1191.7 1881.5 1453.5 64.6 2220.7 1907.0 521.0 1386.0 1701.0 206.0 1766.7 142.7 122.9 19.8 20.7 0.0 0.0 154.2 -0.9 155.1 63.7 218.8 40.7 64.1 25.1 266.1 0.9 -0.6 29.1 2527.1 92.6 86.1 6.4 10.3 104.5 7.7 3.3 0.0 0.0 1.0 8.3 -0.4 5.0 85.9 45.6 51.5 252.7

2007
120.0 653.4 773.4 0.0 0.0 523.4 523.4 1296.8 6.9 6.9 0.0 286.1 484.7 777.7 958.1 1481.5 -180.4 1116.0 -951.2 1959.6 1477.1 61.2 2254.8 2258.9 638.6 1620.3 2046.1 212.8 2126.0 137.3 159.0 -21.7 24.0 0.0 0.0 274.0 -45.7 319.7 15.5 335.2 40.4 81.2 30.6 191.6 -1.0 -16.7 4.6 644.5 94.1 115.8 7.0 14.2 -110.6 6.0 -2.8 0.0 0.0 -1.0 -1.8 -3.8 4.2 100.2 -121.7 18.5 64.5

2008
120.0 812.8 932.8 0.0 0.0 444.5 444.5 1377.3 46.9 2.2 44.7 315.7 408.8 771.4 1074.4 1518.9 -303.0 971.4 -1027.5 2218.8 1680.3 60.1 2451.7 2773.0 1365.2 1407.8 2552.7 220.3 2635.3 141.3 141.6 -0.3 14.3 0.0 0.0 80.5 -14.6 95.1 45.5 140.6 32.3 71.8 33.7 162.8 0.0 -18.1 32.4 777.3 95.0 100.2 5.1 14.6 -4766.7 4.8 0.0 0.0 0.0 0.0 0.0 -1.2 4.2 113.1 -100.0 22.8 77.7

2009
120.0 647.9 767.9 0.0 0.0 316.3 316.3 1084.2 46.4 1.7 44.7 327.6 416.0 790.0 1705.8 2022.1 -915.8 1347.3 -1659.4 2105.9 2000.0 63.5 2790.0 2353.0 1077.0 1276.0 2569.5 -216.5 2654.4 -297.2 172.9 -470.1 12.4 0.0 0.0 -293.1 -482.5 189.4 -419.0 -229.6 29.2 46.3 21.9 263.3 -16.8 164.6 182.5 639.9 112.8 -58.2 7.3 12.8 -2.6 6.8 -61.2 0.0 0.0 -20.0 -39.2 -40.2 3.8 84.3 0.0 -15.1 64.0

113

Olympia Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

108.0 -72.8 35.2 0.0 0.0 36.3 36.3 71.5 8.0 8.0 0.0 76.1 91.2 175.3 266.6 302.9 -91.3 129.8 -258.6 441.3 162.8 18.4 338.1 664.6 664.6 0.0 617.9 46.7 630.4 34.4 7.4 27.0 3.3 0.0 0.0 29.0 23.7 5.3 42.1 47.4 50.8 65.8 31.5 860.5 8.0 81.7 88.8 32.6 94.9 21.5 1.1 5.7 12.2 3.0 76.7 0.0 4.1 2.5 2.2 11.5 196.6 525.0 18.0 3.3

2005
108.0 -66.6 41.4 0.0 0.0 39.1 39.1 80.5 4.6 4.6 0.0 76.4 153.7 234.7 335.5 374.6 -100.8 194.9 -330.9 478.6 181.3 19.0 416.0 483.0 483.0 0.0 452.0 31.0 464.1 19.1 10.2 8.9 2.4 0.0 0.0 9.0 6.5 2.5 25.5 28.0 48.6 70.0 24.1 904.8 2.1 72.2 91.1 38.3 96.1 53.4 2.1 5.2 27.0 8.1 21.5 0.0 1.8 0.8 0.6 11.7 116.1 -68.0 -27.3 3.8

2006
108.0 -91.2 16.8 0.0 0.0 15.7 15.7 32.5 7.1 7.1 0.0 89.8 73.5 170.4 314.1 329.8 -143.7 129.3 -307.0 491.0 176.2 18.4 346.6 648.2 648.2 0.0 628.2 20.0 643.4 5.2 14.3 -9.1 3.2 0.0 0.0 -48.0 -12.3 -35.7 6.1 -29.6 48.3 54.3 30.9 1963.1 -2.6 25.6 -20.6 15.6 99.3 275.0 2.2 11.1 -35.2 2.6 -54.2 0.0 0.0 -1.4 -0.8 -1.1 10.1 187.0 -200.0 34.2 1.6

2007
108.0 -105.5 2.5 0.0 0.0 195.5 195.5 198.0 6.3 6.3 0.0 84.0 64.5 154.8 138.3 333.8 16.5 247.3 -132.0 515.2 181.5 19.1 336.3 668.3 668.3 0.0 659.2 9.1 674.9 -6.6 14.6 -21.2 -3.3 0.0 0.0 165.5 -17.9 183.4 1.2 184.6 98.7 111.9 65.3 13352.0 -6.3 -10.8 0.7 2.3 101.0 -221.2 2.2 5.9 15.6 2.9 -848.0 0.0 0.0 -3.2 -2.0 -1.7 10.8 198.7 150.0 3.1 0.2

2008
108.0 -145.7 -37.7 0.0 0.0 10.2 10.2 -27.5 5.5 5.5 0.0 92.9 12.8 111.2 307.4 317.6 -196.2 23.6 -301.9 518.6 168.7 17.4 279.9 638.6 638.6 0.0 652.6 -14.0 667.0 -28.1 6.0 -34.1 3.2 0.0 0.0 -225.5 -37.3 -188.2 -19.9 -208.1 0.0 36.2 32.0 0.0 -12.2 16.5 9.6 -34.9 104.4 -21.4 0.9 25.4 -9.4 6.6 0.0 0.0 0.0 -5.3 -3.2 -3.5 9.6 228.2 60.0 -4.4 -3.5

2009
108.0 -198.6 -90.6 0.0 0.0 0.0 0.0 -90.6 0.6 0.6 0.0 50.5 5.7 56.8 265.2 265.2 -208.4 9.4 -264.6 462.7 117.9 14.7 174.7 245.4 245.4 0.0 280.8 -35.4 292.9 -47.3 6.8 -54.1 0.0 0.0 0.0 -63.1 -54.1 -9.0 -39.4 -48.4 0.0 21.4 19.3 0.0 -31.0 85.7 81.4 -83.9 119.4 -14.4 2.8 72.3 0.0 1.2 0.0 0.0 0.0 -22.0 -5.0 -5.0 8.7 140.5 56.3 -61.6 -8.4

114

Paramount Spinning Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

105.0 228.0 333.0 0.0 499.8 8.4 508.2 841.2 139.9 54.8 85.1 273.4 277.5 690.8 484.5 992.7 206.3 820.4 -344.6 997.0 634.8 34.5 1325.6 1278.2 426.4 851.8 1180.1 98.1 1219.8 71.5 48.1 23.4 10.7 10.5 0.0 95.9 2.2 93.7 36.7 130.4 60.4 142.6 85.3 298.1 1.8 2.3 28.1 317.1 95.4 67.3 3.8 5.9 45.7 11.0 7.0 121.0 3.2 1.8 2.2 1.2 7.2 96.4 -43.6 31.4 31.7

2005
105.0 322.5 427.5 0.0 283.7 292.1 575.8 1003.3 138.7 57.7 81.0 306.8 462.3 907.8 716.6 1292.4 191.2 1181.8 -577.9 1155.3 812.0 41.8 1719.8 1110.5 573.4 537.1 976.9 133.6 1013.8 99.9 69.8 30.1 6.2 10.5 0.0 162.1 13.4 148.7 55.2 203.9 57.4 126.7 62.2 302.3 1.8 8.3 27.1 407.1 91.3 69.9 6.3 5.9 20.6 16.0 7.0 227.6 2.5 2.7 2.9 2.3 6.6 64.6 31.8 -13.1 40.7

2006
110.3 784.0 894.3 0.0 180.6 242.7 423.3 1317.6 558.0 38.4 519.6 360.3 523.8 1442.1 933.0 1356.3 509.1 1228.0 -375.0 1260.9 808.5 71.9 2250.6 1658.7 569.9 1088.8 1388.5 270.2 1490.8 170.0 127.4 42.6 15.0 0.0 5.3 314.3 27.6 286.7 99.5 386.2 32.1 154.6 98.4 151.7 1.9 8.8 25.8 810.8 89.9 74.9 7.7 10.4 35.2 11.5 4.8 0.0 0.0 2.6 3.9 2.5 8.9 73.7 34.5 49.4 81.1

2007
121.3 606.1 727.4 0.0 0.0 217.0 217.0 944.4 470.3 48.9 421.4 486.2 702.4 1658.9 1487.1 1704.1 171.8 1154.4 -1016.8 1300.5 772.5 71.4 2431.4 1852.3 500.2 1352.1 1548.2 304.1 1668.6 189.3 158.8 30.5 19.0 0.0 0.0 -373.2 11.5 -384.7 82.9 -301.8 23.0 111.6 64.3 234.3 1.3 -3.1 -27.5 599.7 90.1 83.9 8.6 13.8 62.3 14.0 4.2 0.0 0.0 1.6 2.5 0.9 8.8 76.2 -35.9 11.7 60.0

2008
133.4 619.8 753.2 0.0 0.0 233.5 233.5 986.7 495.4 74.6 420.8 392.6 1192.1 2080.1 1875.4 2108.9 204.7 1391.8 -1380.0 1336.1 781.9 43.3 2862.0 2549.1 1091.6 1457.5 2195.2 353.9 2331.3 255.8 181.9 73.9 14.6 0.0 12.1 42.3 59.3 -17.0 102.6 85.6 23.7 110.9 47.3 280.0 2.6 140.2 119.9 564.6 91.5 71.1 7.1 13.1 19.8 9.3 9.8 0.0 0.0 2.9 5.5 4.4 5.6 89.1 120.0 37.6 56.5

2009
143.4 819.6 963.0 0.0 0.0 108.7 108.7 1071.7 498.7 60.1 438.6 432.1 1259.5 2190.3 1879.0 1987.7 311.3 1592.7 -1380.3 1385.6 760.3 43.0 2950.6 2772.2 1050.2 1722.0 2363.1 409.1 2500.8 290.3 254.9 35.4 17.4 0.0 14.3 85.0 18.0 67.0 61.0 128.0 10.1 116.6 49.5 206.4 1.2 21.2 47.7 671.5 90.2 87.8 9.2 16.0 49.2 9.9 3.7 0.0 0.0 1.3 2.5 1.3 5.5 94.0 -54.5 8.8 67.2

115

Premium Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

61.6 108.4 170.0 0.0 0.0 181.6 181.6 351.6 2.3 2.3 0.0 346.0 319.2 667.5 765.6 947.2 -98.1 756.2 -763.3 681.4 449.9 33.6 1117.4 1044.2 1010.8 33.4 963.5 80.7 992.3 52.7 30.1 22.6 4.8 0.0 0.0 84.8 17.8 67.0 51.4 118.4 51.6 87.2 45.5 557.2 2.0 21.0 43.4 276.0 95.0 57.1 2.9 4.0 21.2 26.2 13.3 0.0 2.2 3.7 2.9 11.1 93.4 -24.5 17.9 27.6

2005
61.6 226.9 288.5 0.0 0.0 226.4 226.4 514.9 1.4 1.4 0.0 396.3 609.2 1006.9 1085.0 1311.4 -78.1 1203.1 -1083.6 819.7 593.1 36.4 1600.0 996.0 971.5 24.5 875.5 120.5 900.4 97.5 59.8 37.7 4.4 6.2 0.0 163.3 27.1 136.2 63.5 199.7 44.0 92.8 36.7 454.6 2.4 16.6 31.8 468.3 90.4 61.3 6.0 5.0 11.7 34.1 13.1 537.1 2.1 3.8 6.1 5.4 8.1 62.3 64.9 -4.6 46.8

2006
61.6 162.5 224.1 0.0 0.0 238.8 238.8 462.9 1.1 1.1 0.0 293.2 315.8 610.1 770.2 1009.0 -160.1 861.3 -769.1 932.1 623.0 62.0 1233.1 1471.2 1471.2 0.0 1279.2 192.0 1314.9 155.4 119.2 36.2 7.3 9.2 0.0 -52.0 19.7 -71.7 81.7 10.0 51.6 79.2 38.2 450.2 2.9 -37.9 817.0 363.8 89.4 76.7 8.1 13.8 20.2 15.5 16.2 314.1 4.1 2.5 5.9 4.7 10.5 119.3 -3.3 47.7 36.4

2007
61.6 157.0 218.6 0.0 0.0 218.8 218.8 437.4 2.5 2.5 0.0 368.0 238.9 609.4 815.3 1034.1 -205.9 801.1 -812.8 942.1 643.4 65.4 1252.8 1499.6 1484.6 15.0 1347.9 151.7 1382.9 117.5 102.5 15.0 7.4 12.3 0.0 -25.5 -4.7 -20.8 60.7 39.9 50.0 74.7 45.4 473.1 1.2 18.4 152.1 354.9 92.2 87.2 6.8 12.8 49.3 20.0 6.9 61.8 5.6 1.0 2.4 1.2 10.5 119.7 -59.3 1.9 35.5

2008
61.6 162.5 224.1 0.0 0.0 284.5 284.5 508.6 2.8 2.8 0.0 560.8 347.6 911.2 1039.7 1324.2 -128.5 1110.1 -1036.9 1028.8 637.1 64.9 1548.3 1924.0 1897.4 26.6 1727.2 196.8 1767.0 150.7 127.7 23.0 10.0 6.2 0.0 71.2 6.8 64.4 71.7 136.1 55.9 87.6 54.2 590.9 1.5 9.6 52.7 363.8 91.8 84.7 6.6 11.5 43.5 25.0 10.3 209.7 2.8 1.2 3.7 2.1 10.1 124.3 54.2 28.3 36.4

2009
61.6 159.2 220.8 0.0 0.0 248.2 248.2 469.0 2.2 2.2 0.0 496.6 323.3 822.1 939.8 1188.0 -117.7 1013.0 -937.6 1074.0 586.7 63.8 1408.8 2115.1 2093.8 21.3 1899.2 215.9 1940.3 174.7 172.3 2.4 0.3 4.6 0.0 -39.6 -2.5 -37.1 61.3 24.2 52.9 87.5 53.1 538.0 0.2 6.3 253.3 358.4 91.7 98.6 8.1 17.0 12.5 21.0 1.1 45.7 2.1 0.1 0.4 0.3 10.0 150.1 -89.2 9.9 35.8

116

Prosperity Weaving Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

168.0 178.0 346.0 0.0 0.0 586.5 586.5 932.5 51.7 1.7 50.0 318.4 104.4 474.5 507.4 1093.9 -32.9 931.9 -455.7 1429.7 965.4 62.0 1439.9 1873.3 571.8 1301.5 1764.5 108.8 1818.0 55.3 10.3 45.0 14.8 2.5 0.0 380.6 27.7 352.9 89.7 442.6 62.9 93.5 72.9 316.2 3.1 7.3 20.3 206.0 97.0 18.6 0.5 1.1 32.9 6.4 13.0 1208.0 0.7 2.4 2.7 1.8 10.2 130.1 -38.6 24.3 20.6

2005
168.0 169.3 337.3 0.0 0.0 635.6 635.6 972.9 60.4 53.4 7.0 246.3 190.7 497.4 519.5 1155.1 -22.1 1064.7 -459.1 1523.8 994.9 42.6 1492.3 1798.5 828.8 969.7 1681.5 117.0 1729.7 68.9 46.9 22.0 9.9 25.2 0.0 40.4 -13.1 53.5 29.5 83.0 65.3 95.7 59.0 342.5 1.5 -32.4 35.5 200.8 96.2 68.1 2.6 4.4 45.0 7.6 6.5 48.0 7.5 1.2 1.3 0.7 4.4 120.5 -51.9 -4.0 20.1

2006
168.0 226.0 394.0 0.0 0.0 527.2 527.2 921.2 2.6 2.6 0.0 251.7 170.3 424.6 501.7 1028.9 -77.1 844.5 -499.1 1628.9 998.2 102.3 1422.8 2699.4 2699.4 0.0 2497.6 201.8 2556.1 146.1 96.8 49.3 17.2 0.0 16.8 -51.7 32.1 -83.8 134.4 50.6 57.2 84.6 50.7 261.1 3.5 -62.1 265.6 234.5 94.7 66.3 3.6 11.5 34.9 4.7 12.5 0.0 0.0 1.8 2.9 1.9 10.3 189.7 123.1 50.1 23.5

2007
184.8 213.9 398.7 0.0 0.0 579.9 579.9 978.6 43.7 43.7 0.0 210.3 265.0 519.0 594.3 1174.2 -75.3 818.7 -550.6 1788.2 1053.8 103.8 1572.8 2702.6 1127.5 1575.1 2542.7 159.9 2598.4 108.6 93.7 14.9 19.4 0.0 0.0 57.4 -4.5 61.9 99.3 161.2 59.3 87.3 42.7 294.5 0.9 -7.8 61.6 215.7 96.1 86.3 3.5 11.4 130.2 4.9 3.7 0.0 0.0 0.6 0.8 -0.2 10.4 171.8 -72.4 0.1 21.6

2008
184.8 149.5 334.3 0.0 0.0 754.7 754.7 1089.0 9.0 9.0 0.0 230.0 296.8 535.8 468.4 1223.1 67.4 851.3 -459.4 1859.8 1021.5 106.9 1557.3 2737.6 1379.1 1358.5 2602.6 135.0 2700.5 43.9 97.9 -54.0 13.9 0.0 0.0 110.4 -67.9 178.3 39.0 217.3 69.3 114.4 51.0 365.9 -3.5 -61.5 17.9 180.9 98.6 223.0 3.6 11.5 -25.7 5.3 -16.2 0.0 0.0 -2.0 -2.9 -3.7 10.2 175.8 -462.5 1.3 18.1

2009
184.8 226.8 411.6 0.0 0.0 645.3 645.3 1056.9 6.3 6.3 0.0 462.0 154.2 622.5 490.8 1136.1 131.7 842.5 -484.5 1859.4 925.2 98.8 1547.7 3634.5 1746.8 1887.7 3265.7 368.8 3398.5 242.4 134.4 108.0 18.9 37.0 0.0 -32.1 52.1 -84.2 150.9 66.7 61.1 126.8 95.4 276.0 7.0 -162.3 226.2 222.7 93.5 55.4 3.7 16.0 17.5 4.4 26.2 240.8 9.0 3.0 5.8 4.8 9.7 234.8 -300.0 32.8 22.3

117

Quality Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

159.8 52.1 211.9 0.0 0.0 112.1 112.1 324.0 2.0 2.0 0.0 84.8 106.8 193.6 234.1 346.2 -40.5 248.6 -232.1 600.8 364.6 32.3 558.2 865.4 421.9 443.5 943.8 -78.4 968.8 -117.5 24.4 -141.9 8.2 0.0 0.0 -50.3 -150.1 99.8 -117.8 -18.0 34.6 82.7 37.1 163.4 -25.4 132.6 111.9 2.8 9.8 5.6 -67.0 0.0 -16.4 -8.9 -9.4 8.5 155.0 -990.0 6.1 13.3

2005
159.8 197.4 357.2 0.0 0.0 91.6 91.6 448.8 1.8 1.8 0.0 82.7 184.3 268.8 276.6 368.2 -7.8 308.4 -274.8 697.8 456.6 26.3 725.4 761.6 624.0 137.6 665.1 96.5 684.3 78.3 27.2 51.1 4.5 0.0 0.0 124.8 46.6 78.2 72.9 151.1 20.4 97.2 30.5 103.1 7.0 37.3 48.2 223.5 89.9 34.7 3.6 8.8 8.8 7.9 14.3 0.0 6.7 3.2 2.9 7.2 105.0 -136.0 -12.0 22.4

2006
159.8 240.1 399.9 0.0 0.0 59.8 59.8 459.7 1.6 1.6 0.0 126.7 224.7 353.0 476.6 536.4 -123.6 431.3 -475.0 860.2 583.3 35.4 936.3 888.4 888.4 0.0 789.0 99.4 811.4 78.2 45.8 32.4 5.7 16.0 0.0 10.9 10.7 0.2 46.1 46.3 13.0 74.1 26.9 134.1 3.5 98.2 99.6 250.3 91.3 58.6 5.2 10.6 17.6 8.7 8.1 166.9 4.0 3.6 2.0 1.7 7.8 94.9 -37.5 16.6 25.0

2007
159.8 231.3 391.1 0.0 0.0 90.9 90.9 482.0 0.6 0.6 0.0 126.8 179.7 307.1 368.3 459.2 -61.2 351.8 -367.7 864.1 543.2 45.6 850.3 953.9 686.2 267.7 866.5 87.4 888.5 66.8 52.3 14.5 4.8 0.0 0.0 22.3 9.7 12.6 55.3 67.9 18.9 83.4 34.6 117.4 1.7 43.5 81.4 244.7 93.1 78.3 5.5 14.9 33.1 7.8 3.7 0.0 0.0 1.5 0.9 0.6 7.8 112.2 -55.0 7.4 24.5

2008
159.8 229.0 388.8 0.0 0.0 115.6 115.6 504.4 1.0 1.0 0.0 161.0 228.4 390.4 394.1 509.7 -3.7 409.5 -393.1 868.1 507.9 41.9 898.3 1033.0 853.3 179.7 938.0 95.0 958.6 77.6 56.1 21.5 5.2 0.0 0.0 22.4 16.3 6.1 58.2 64.3 22.9 99.1 41.1 131.1 2.4 72.8 90.5 243.3 92.8 72.3 5.4 13.7 24.2 10.0 5.5 0.0 0.0 2.1 1.3 1.0 7.7 115.0 44.4 8.3 24.3

2009
159.8 227.0 386.8 0.0 0.0 35.4 35.4 422.2 1.9 1.9 0.0 209.2 180.5 391.6 523.0 558.4 -131.4 375.7 -521.1 949.8 553.5 42.9 945.1 1220.9 933.0 287.9 1106.4 114.5 1141.2 80.9 70.0 10.9 2.3 0.0 0.0 -82.2 8.6 -90.8 51.5 -39.3 8.4 74.9 40.4 144.4 1.2 -10.5 -131.0 242.1 93.5 86.5 5.7 18.6 21.1 14.6 2.8 0.0 0.0 0.9 0.7 0.5 8.4 129.2 -46.2 18.2 24.2

118

Quetta Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

31.3 402.1 433.4 0.0 0.0 883.7 883.7 1317.1 299.4 12.8 286.6 654.8 646.6 1600.8 1852.4 2736.1 -251.6 2119.8 -1553.0 2766.1 1568.7 153.4 3169.5 4115.1 1540.7 2574.4 3865.7 249.4 3898.9 227.5 141.9 85.6 32.3 0.0 0.0 92.2 53.3 38.9 206.7 245.6 67.1 86.4 51.5 631.3 2.7 57.8 84.2 1384.7 94.7 62.4 3.4 6.7 37.7 6.0 19.8 0.0 2.1 27.3 17.0 10.9 129.8 12.8 23.3 138.5

2005
31.3 618.7 650.0 0.0 0.0 1422.6 1422.6 2072.6 66.7 9.3 57.4 738.9 1109.0 1914.6 2317.2 3739.8 -402.6 3074.0 -2250.5 3802.9 2475.2 130.5 4389.8 2859.9 757.2 2102.7 2608.0 251.9 2644.6 250.9 137.1 113.8 25.5 0.0 0.0 755.5 88.3 667.2 218.8 886.0 68.6 82.6 34.8 575.4 2.6 11.7 24.7 2076.7 92.5 54.6 4.8 4.5 22.4 7.7 17.5 0.0 4.0 36.4 28.2 8.3 65.1 33.3 -30.5 207.7

2006
31.3 669.5 700.8 0.0 0.0 1589.7 1589.7 2290.5 90.1 6.7 83.4 807.3 1210.4 2107.8 2887.1 4476.8 -779.3 3768.9 -2797.0 4645.2 3069.8 248.1 5177.6 4735.9 2130.6 2605.3 4339.9 396.0 4367.0 383.9 292.6 91.3 38.7 4.7 0.0 217.9 47.9 170.0 296.0 466.0 69.4 73.0 31.1 638.8 1.8 22.0 63.5 2239.0 92.2 76.2 6.2 7.8 42.4 7.5 13.0 1119.1 0.7 1.9 29.2 16.8 10.0 91.5 -19.8 65.6 223.9

2007
31.3 701.4 732.7 0.0 0.0 2118.1 2118.1 2850.8 7.7 5.7 2.0 1117.3 1104.0 2229.0 2810.4 4928.5 -581.4 3505.4 -2802.7 5066.8 3432.1 151.5 5661.1 5093.4 2467.4 2626.0 4592.9 500.5 4625.4 493.3 348.8 144.5 37.3 4.7 0.0 560.3 102.5 457.8 254.0 711.8 74.3 79.3 40.0 672.6 2.6 18.3 35.7 2340.9 90.8 70.7 6.8 10.0 25.8 7.4 19.7 2280.9 0.6 2.8 46.2 34.2 4.9 90.0 58.2 7.5 234.1

2008
31.3 382.7 414.0 0.0 0.0 2451.7 2451.7 2865.7 135.2 2.9 132.3 1183.9 2074.6 3393.7 4647.6 7099.3 -1253.9 5187.6 -4512.4 6184.2 4119.6 178.5 7513.3 6015.5 2696.6 3318.9 5421.7 593.8 5485.7 541.8 495.3 46.5 33.3 0.0 0.0 14.9 13.2 1.7 191.7 193.4 85.6 73.0 28.4 1714.8 0.6 88.6 99.1 1322.7 91.2 91.4 8.2 9.5 71.6 9.2 11.2 0.0 0.0 0.8 14.9 4.2 5.2 80.1 -67.7 18.1 132.3

2009
31.3 2018.0 2049.3 0.0 1385.0 761.8 2146.8 4196.1 3.1 3.1 0.0 1691.1 2229.2 3923.4 4716.0 6862.8 -792.6 2525.4 -4712.9 7411.5 4988.7 211.1 8912.1 7200.8 3601.0 3599.8 6177.2 1023.6 6325.1 929.6 830.5 99.1 37.3 0.0 0.0 1330.4 61.8 1268.6 272.9 1541.5 51.2 83.2 35.9 334.9 1.1 4.6 17.7 6547.3 87.8 89.3 11.5 32.9 37.6 12.3 4.8 0.0 0.0 1.4 31.7 19.7 5.1 80.8 112.8 19.7 654.7

119

Ravi Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

70.4 -40.7 29.7 0.0 0.0 67.4 67.4 97.1 2.6 2.6 0.0 44.1 47.4 94.1 119.0 186.4 -24.9 109.1 -116.4 371.2 121.9 11.1 216.0 521.3 521.3 0.0 501.7 19.6 515.9 6.3 8.7 -2.4 2.3 0.0 0.0 -8.1 -4.7 -3.4 6.4 3.0 69.4 79.1 39.2 627.6 -1.1 213.3 42.2 99.0 138.1 1.7 8.0 0.6 -8.1 0.0 -0.5 -0.3 -0.7 8.5 241.3 -109.1 36.1 4.2

2005
70.4 117.5 187.9 0.0 0.0 60.6 60.6 248.5 0.1 0.1 0.0 21.5 89.7 111.3 137.5 198.1 -26.2 143.8 -137.4 372.1 274.7 7.9 386.0 361.2 361.2 0.0 361.1 0.1 372.1 -9.5 7.8 -17.3 1.6 0.0 0.0 151.4 -18.9 170.3 -11.0 159.3 24.4 80.9 15.7 105.4 -4.5 -12.5 -6.9 266.9 103.0 2.2 5.4 0.5 -9.2 0.0 -4.8 -2.5 -2.7 6.5 93.6 733.3 -30.7 26.7

2006
70.4 75.8 146.2 0.0 0.0 32.0 32.0 178.2 0.4 0.4 0.0 48.1 78.6 127.1 211.2 243.2 -84.1 126.3 -210.8 293.3 262.3 13.7 389.4 448.2 448.2 0.0 443.4 4.8 460.5 -11.6 18.3 -29.9 2.2 0.0 0.0 -70.3 -32.1 -38.2 -18.4 -56.6 18.0 60.2 23.0 166.3 -7.7 45.7 32.5 207.7 102.7 -157.8 4.1 14.5 -7.4 0.7 -20.5 0.0 0.0 -6.7 -4.2 -4.6 5.0 115.1 68.0 24.1 20.8

2007
70.4 -65.9 4.5 0.0 0.0 54.6 54.6 59.1 0.2 0.2 0.0 12.7 0.6 13.5 142.3 196.9 -128.8 72.6 -142.1 262.3 187.8 13.8 201.3 282.7 282.7 0.0 301.4 -18.7 338.3 -54.7 9.2 -63.9 1.4 0.0 0.0 -119.1 -65.3 -53.8 -51.5 -105.3 92.4 9.5 9.1 4375.6 -31.7 54.8 48.9 6.4 119.7 -16.8 3.3 12.7 -2.2 0.0 -1420.0 0.0 0.0 -22.6 -9.1 -9.3 3.5 140.4 116.7 -36.9 0.6

2008
70.4 72.8 143.2 0.0 0.0 32.3 32.3 175.5 3.9 3.9 0.0 28.6 23.9 56.4 207.4 239.7 -151.0 32.3 -203.5 336.9 326.5 12.1 382.9 12.6 12.6 0.0 27.2 -14.6 38.1 6.6 2.0 4.6 0.1 0.0 0.0 116.4 4.5 111.9 16.6 128.5 18.4 27.2 15.7 167.4 1.2 3.9 12.9 203.4 302.4 30.3 15.9 6.2 2.2 28.6 3.2 0.0 0.0 36.5 0.7 0.6 6.4 3.3 -107.7 -95.5 20.3

2009
250.0 -9.9 240.1 0.0 0.0 0.0 0.0 240.1 2.1 2.1 0.0 82.0 51.2 135.3 196.9 196.9 -61.6 87.7 -194.8 349.1 301.8 17.5 437.1 316.8 316.8 0.0 347.1 -30.3 358.3 12.8 12.5 0.3 0.0 0.0 0.0 64.6 0.3 64.3 17.8 82.1 0.0 68.7 42.7 82.0 0.1 0.5 21.7 96.0 113.1 97.7 3.9 14.3 0.0 2.5 0.1 0.0 0.0 0.1 0.0 0.0 5.2 72.5 -100.0 2414.3 9.6

120

Redco Textiles Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

212.9 298.6 511.5 0.0 0.0 132.7 132.7 644.2 0.2 0.2 0.0 136.3 207.0 343.5 640.3 773.0 -296.8 248.1 -640.1 960.2 941.0 294.5 1284.5 622.0 426.8 195.2 613.3 8.7 629.5 -7.0 8.3 -15.3 2.8 0.0 0.0 235.5 -18.1 253.6 276.4 530.0 20.6 53.6 21.3 151.1 -1.2 -7.7 52.2 240.3 101.2 1.3 3.3 7.8 -3.0 0.0 -2.5 -0.7 -0.9 44.7 48.4 -30.0 18.1 24.0

2005
212.9 637.8 850.7 0.0 0.0 71.2 71.2 921.9 0.2 0.2 0.0 154.9 164.1 319.2 322.3 393.5 -3.1 226.6 -322.1 1241.8 925.1 35.1 1244.3 493.8 384.8 109.0 443.3 50.5 455.9 57.9 9.9 48.0 2.3 0.0 0.0 277.7 45.7 232.0 80.8 312.8 7.7 99.0 48.1 46.3 3.9 16.5 25.8 399.6 92.3 17.1 2.0 4.4 4.8 17.2 5.6 0.0 0.0 9.7 2.3 2.1 3.7 39.7 -428.6 -20.6 40.0

2006
212.9 637.8 850.7 0.0 0.0 71.2 71.2 921.9 0.2 0.2 0.0 154.9 164.1 319.2 322.3 393.5 -3.1 226.6 -322.1 1241.8 925.1 35.1 1244.3 493.8 384.8 109.0 443.3 50.5 455.9 57.9 9.9 48.0 2.3 0.0 0.0 0.0 45.7 -45.7 80.8 35.1 7.7 99.0 48.1 46.3 3.9 0.0 230.2 399.6 92.3 17.1 2.0 4.4 4.8 17.2 5.6 0.0 0.0 9.7 2.3 2.1 3.7 39.7 0.0 0.0 40.0

2007
212.9 319.3 532.2 0.0 0.0 114.3 114.3 646.5 0.8 0.7 0.1 228.8 186.8 416.4 743.9 858.2 -327.5 156.5 -743.1 1557.2 974.1 40.9 1390.5 742.5 627.2 115.3 675.2 67.3 700.6 36.3 35.8 0.5 3.1 0.0 0.0 -275.4 -2.6 -272.8 38.3 -234.5 17.7 56.0 30.9 161.3 0.0 0.9 -16.3 250.0 94.4 98.6 4.8 22.9 620.0 11.9 0.1 0.0 0.0 0.1 0.0 -0.1 4.3 53.4 -100.0 50.4 25.0

2008
492.9 49.2 542.1 0.0 0.0 74.0 74.0 616.1 25.4 22.6 2.8 298.3 209.4 533.1 816.6 890.6 -283.5 150.0 -791.2 1232.6 899.6 45.5 1432.7 1036.3 961.7 74.6 1029.5 6.8 1050.7 -14.3 29.3 -43.6 4.8 0.0 0.0 -30.4 -48.4 18.0 -2.9 15.1 12.0 65.3 39.6 164.3 -3.0 159.2 -19.2 110.0 101.4 -204.9 2.8 19.5 -11.0 12.6 -8.0 0.0 0.0 -4.2 -0.9 -1.0 4.7 72.3 0.0 39.6 11.0

2009
492.9 42.4 535.3 0.0 0.0 3.2 3.2 538.5 3.3 3.3 0.0 322.3 204.1 529.7 887.2 890.4 -357.5 116.4 -883.9 1286.1 896.0 44.5 1425.7 1035.9 999.3 36.6 994.4 41.5 1011.2 25.0 26.9 -1.9 0.4 0.0 0.0 -77.6 -2.3 -75.3 42.2 -33.1 0.6 59.7 36.7 166.3 -0.1 3.0 -127.5 108.6 97.6 107.6 2.6 23.1 -21.1 17.2 -0.4 0.0 0.0 -0.2 0.0 0.0 4.9 72.7 -100.0 0.0 10.9

121

Regent Textile Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

47.6 -48.8 -1.2 0.0 0.0 3.5 3.5 2.3 0.2 0.2 0.0 18.3 14.9 33.4 183.4 186.9 -150.0 3.5 -183.2 301.5 152.3 7.1 185.7 78.1 78.1 0.0 79.8 -1.7 80.7 -2.2 0.5 -2.7 0.3 0.0 0.0 -6.4 -3.0 -3.4 4.1 0.7 152.2 18.2 10.1 -1.5 585.7 -2.5 103.3 0.6 14.3 5.0 -3.5 -0.6 -0.6 4.3 42.1 -57.1 -25.6 -0.3

2005
47.6 104.6 152.2 0.0 0.0 7.7 7.7 159.9 0.4 0.4 0.0 37.8 19.2 57.4 45.5 53.2 11.9 7.7 -45.1 303.2 147.9 4.8 205.3 71.7 71.7 0.0 66.0 5.7 67.4 5.1 0.3 4.8 0.3 0.0 0.0 157.6 4.5 153.1 9.3 162.4 4.8 126.2 84.0 35.0 2.3 2.9 5.7 319.7 94.0 5.9 0.4 3.9 6.3 38.6 3.2 0.0 6.7 1.0 0.9 3.2 34.9 -266.7 -8.2 32.0

2006
47.6 -29.1 18.5 0.0 0.0 16.8 16.8 35.3 1.3 1.3 0.0 49.1 17.7 68.1 198.2 215.0 -130.1 23.1 -196.9 329.4 165.3 8.7 233.4 202.2 202.2 0.0 181.7 20.5 184.2 19.0 2.7 16.3 1.0 2.4 0.0 -124.6 12.9 -137.5 21.6 -115.9 47.6 34.4 25.4 1162.2 7.0 -10.4 -18.6 38.9 91.1 14.2 1.3 11.7 6.1 1.6 88.1 637.5 13.0 8.1 3.4 3.2 5.9 86.6 240.0 182.0 3.9

2007
47.6 -14.4 33.2 0.0 0.0 15.7 15.7 48.9 6.3 1.7 4.6 49.0 30.2 85.5 214.0 229.7 -128.5 47.0 -207.7 350.2 177.4 8.9 262.9 233.5 233.5 0.0 216.6 16.9 219.2 15.9 2.9 13.0 1.2 0.0 0.0 13.6 11.8 1.8 20.7 22.5 32.1 40.0 25.8 691.9 4.9 86.8 92.0 69.7 93.9 18.2 1.2 6.2 9.2 1.5 39.2 0.0 0.0 5.6 2.7 2.5 5.4 88.8 -20.6 15.5 7.0

2008
47.6 -13.9 33.7 0.0 0.0 11.6 11.6 45.3 8.2 3.0 5.2 63.1 27.4 98.7 222.9 234.5 -124.2 64.8 -214.7 346.3 169.5 9.1 268.2 281.4 281.4 0.0 265.1 16.3 268.5 14.3 10.8 3.5 1.4 0.0 0.0 -3.6 2.1 -5.7 11.2 5.5 25.6 44.3 32.0 695.8 1.3 -58.3 203.6 70.8 95.4 75.5 3.8 16.7 40.0 9.8 10.4 0.0 0.0 1.2 0.7 0.4 5.1 104.9 -74.1 20.5 7.1

2009
47.6 -32.1 15.5 0.0 0.0 11.4 11.4 26.9 6.4 0.5 5.9 62.8 3.4 72.6 208.0 219.4 -135.4 31.1 -201.6 347.4 162.3 8.3 234.9 274.8 274.8 0.0 283.1 -8.3 286.6 -10.3 10.7 -21.0 0.1 0.0 0.0 -18.4 -21.1 2.7 -12.8 -10.1 42.4 34.9 33.3 1415.5 -8.9 114.7 126.7 32.6 104.3 -103.9 3.9 34.4 -0.5 8.6 -135.5 0.0 0.0 -7.6 -4.4 -4.4 4.9 117.0 -728.6 -2.3 3.3

122

Reliance Cotton Spinning Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

102.9 247.7 350.6 0.0 0.0 100.0 100.0 450.6 15.1 15.1 0.0 219.6 197.4 432.1 336.9 436.9 95.2 344.6 -321.8 659.9 355.4 34.8 787.5 863.0 190.1 672.9 790.2 72.8 803.5 60.2 15.9 44.3 10.2 12.9 0.0 112.7 21.2 91.5 56.0 147.5 22.2 128.3 69.7 124.6 5.6 18.8 38.0 340.7 93.1 26.4 1.8 4.6 23.0 19.3 12.6 264.3 3.7 5.1 4.3 3.3 10.1 109.6 -20.4 18.8 34.1

2005
102.9 289.9 392.8 0.0 0.0 100.0 100.0 492.8 9.6 9.6 0.0 305.0 314.8 629.4 601.3 701.3 28.1 620.6 -591.7 786.0 464.7 29.4 1094.1 777.4 181.1 596.3 677.4 100.0 689.3 89.2 29.8 59.4 7.3 12.9 0.0 42.2 39.2 3.0 68.6 71.6 20.3 104.7 52.3 178.5 5.4 92.9 95.8 381.7 88.7 33.4 3.8 4.8 12.3 28.9 15.1 403.9 3.3 7.6 5.8 5.1 8.3 71.1 34.9 -9.9 38.2

2006
102.9 291.6 394.5 0.0 0.0 160.0 160.0 554.5 3.7 3.7 0.0 227.0 303.7 534.4 501.8 661.8 32.6 584.5 -498.1 908.9 521.9 49.2 1056.3 1154.8 205.8 949.0 1043.2 111.6 1059.1 101.8 65.6 36.2 9.6 10.3 0.0 61.7 16.3 45.4 65.5 110.9 28.9 106.5 46.0 167.8 3.4 26.4 59.1 383.4 91.7 64.4 5.7 11.2 26.5 15.0 9.2 258.3 2.6 3.1 3.5 2.6 10.6 109.3 -39.7 48.5 38.3

2007
102.9 345.9 448.8 0.0 0.0 80.0 80.0 528.8 7.0 7.0 0.0 237.3 314.6 558.9 525.4 605.4 33.5 453.0 -518.4 924.7 495.1 50.3 1054.0 1341.2 245.4 1095.8 1182.4 158.8 1202.9 140.6 65.3 75.3 16.4 10.3 0.0 -25.7 48.6 -74.3 98.9 24.6 15.1 106.4 46.5 134.9 7.1 -189.1 402.0 436.2 89.7 46.4 4.9 14.4 21.8 14.8 16.8 571.8 2.3 5.6 7.3 5.7 9.6 127.2 108.6 16.1 43.6

2008
102.9 345.9 448.8 0.0 0.0 80.0 80.0 528.8 7.0 7.0 0.0 237.3 314.6 558.9 525.4 605.4 33.5 453.0 -518.4 924.7 495.1 50.3 1054.0 1341.2 245.4 1095.8 1182.4 158.8 1202.9 140.6 65.3 75.3 16.4 10.3 0.0 0.0 48.6 -48.6 98.9 50.3 15.1 106.4 46.5 134.9 7.1 0.0 196.6 436.2 89.7 46.4 4.9 14.4 21.8 14.8 16.8 571.8 2.3 5.6 7.3 5.7 9.6 127.2 0.0 0.0 43.6

2009
102.9 532.5 635.4 0.0 0.0 0.0 0.0 635.4 126.6 8.8 117.8 288.2 594.5 1009.3 844.7 844.7 164.6 710.6 -718.1 1000.0 470.7 46.3 1480.0 1545.0 306.5 1238.5 1232.4 312.6 1347.0 274.2 109.1 165.1 14.5 15.4 0.0 106.6 135.2 -28.6 181.5 152.9 0.0 119.5 49.1 132.9 11.2 126.8 118.7 617.5 87.2 39.8 7.1 15.4 8.8 15.6 26.0 977.9 2.4 10.7 16.0 14.6 9.4 104.4 119.2 15.2 61.7

123

Reliance Weaving Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

205.4 459.8 665.2 0.0 0.0 421.8 421.8 1087.0 51.6 51.6 0.0 307.8 557.0 916.4 958.3 1380.1 -41.9 1116.4 -906.7 1698.8 1129.0 113.3 2045.4 2781.6 544.7 2236.9 2493.8 287.8 2573.7 208.2 82.5 125.7 22.0 0.0 0.0 -18.2 103.7 -121.9 217.0 95.1 38.8 95.6 37.5 207.5 6.1 228.2 323.9 92.5 39.6 3.0 7.4 17.5 5.1 18.9 0.0 4.5 6.1 5.0 9.7 136.0 15.1 22.6 32.4

2005
246.5 510.1 756.6 0.0 42.9 983.2 1026.1 1782.7 8.3 8.3 0.0 561.3 787.0 1356.6 1610.1 2636.2 -253.5 2359.3 -1601.8 2726.0 2036.1 88.2 3392.7 2077.6 764.4 1313.2 1819.8 257.8 1893.1 204.8 93.2 111.6 10.5 20.5 41.1 695.7 80.6 615.1 168.8 783.9 57.6 84.3 35.4 348.4 3.3 11.6 21.5 306.9 91.1 45.5 4.5 4.0 9.4 9.8 14.8 493.2 2.7 5.4 4.5 4.1 7.8 61.2 -26.2 -25.3 30.7

2006
246.5 590.6 837.1 0.0 0.0 523.5 523.5 1360.6 103.1 32.6 70.5 532.4 746.6 1382.1 1984.8 2508.3 -602.7 1822.0 -1881.7 2808.7 1963.2 188.3 3345.3 3150.6 1367.6 1783.0 2728.0 422.6 2825.0 343.4 199.4 144.0 17.9 0.0 61.6 -422.1 126.1 -548.2 314.4 -233.8 38.5 69.6 32.0 299.6 4.3 -29.9 -134.5 339.6 89.7 58.1 6.3 10.9 12.4 7.3 17.2 0.0 0.0 4.6 5.8 5.1 9.2 94.2 28.9 51.6 34.0

2007
308.1 569.8 877.9 0.0 0.0 937.3 937.3 1815.2 111.8 41.8 70.0 726.9 772.4 1611.1 1613.7 2551.0 -2.6 2273.9 -1501.9 2862.6 1817.9 2.4 3429.0 3401.0 1070.2 2330.8 3054.6 346.4 3160.6 279.7 232.4 47.3 15.4 0.0 0.0 454.6 31.9 422.7 34.3 457.0 51.6 99.8 52.0 290.6 1.4 7.0 7.5 284.9 92.9 83.1 6.8 10.2 32.6 4.6 5.4 0.0 0.0 1.4 1.5 1.0 0.1 99.2 -74.1 7.9 28.5

2008
308.1 459.4 767.5 0.0 0.0 573.4 573.4 1340.9 75.7 75.7 0.0 892.8 1343.1 2311.6 2778.1 3351.5 -466.5 2835.4 -2702.4 2932.4 1807.5 174.5 4119.1 3509.6 867.2 2642.4 3193.8 315.8 3339.5 287.2 368.1 -80.9 26.4 0.0 0.0 -474.3 -107.3 -367.0 67.2 -299.8 42.8 83.2 34.9 436.7 -2.0 22.6 -22.4 249.1 95.2 128.2 10.5 13.0 -32.6 9.5 -10.5 0.0 0.0 -2.3 -2.6 -3.5 9.2 85.2 -273.3 3.2 24.9

2009
308.1 734.7 1042.8 0.0 0.0 696.4 696.4 1739.2 197.9 18.2 179.7 518.9 1124.6 1841.4 2386.7 3083.1 -545.3 2716.6 -2188.8 3588.6 2284.5 87.1 4125.9 4337.5 1154.0 3183.5 3665.2 672.3 3880.7 472.5 646.9 -174.4 31.8 0.0 0.0 398.3 -206.2 604.5 -119.1 485.4 40.0 77.2 30.0 295.7 -4.2 -51.8 -24.5 338.5 89.5 136.9 14.9 23.8 -18.2 4.6 -16.7 0.0 0.0 -4.0 -5.7 -6.7 4.8 105.1 119.2 23.6 33.8

124

Resham Textile Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

183.9 194.6 378.5 0.0 0.0 53.7 53.7 432.2 25.1 25.1 0.0 39.0 98.6 162.7 137.7 191.4 25.0 101.9 -112.6 418.0 407.1 26.9 569.8 919.6 701.1 218.5 878.0 41.6 893.5 27.3 10.5 16.8 6.2 0.0 0.0 145.3 10.6 134.7 37.5 172.2 12.4 118.2 46.6 50.6 2.9 7.3 21.8 205.8 97.2 38.5 1.1 10.3 36.9 0.8 4.4 0.0 1.8 0.9 0.6 10.1 161.4 -400.0 14.5 20.6

2005
245.2 214.1 459.3 0.0 0.0 296.8 296.8 756.1 0.7 0.7 0.0 29.8 209.8 240.3 236.4 533.2 3.9 484.5 -235.7 791.0 752.2 28.1 992.5 640.5 262.3 378.2 580.7 59.8 604.3 37.5 16.0 21.5 1.4 0.0 0.0 323.9 20.1 303.8 48.2 352.0 39.3 101.6 12.9 116.1 2.2 6.2 13.7 187.3 94.3 42.7 2.5 3.3 6.5 1.5 4.7 0.0 3.4 0.9 0.8 6.9 64.5 0.0 -30.4 18.7

2006
245.2 174.4 419.6 0.0 0.0 279.9 279.9 699.5 2.8 2.8 0.0 98.6 171.6 273.0 348.7 628.6 -75.7 533.6 -345.9 852.4 775.1 50.5 1048.1 977.2 977.2 0.0 925.0 52.2 940.8 43.8 50.2 -6.4 5.2 0.0 0.0 -56.6 -11.6 -45.0 38.9 -6.1 40.0 78.3 29.1 149.8 -0.6 20.5 -637.7 171.1 96.3 114.6 5.1 9.4 -81.3 1.2 -1.5 0.0 0.0 -0.7 -0.3 -0.5 6.7 93.2 -133.3 52.6 17.1

2007
300.0 82.7 382.7 0.0 0.0 302.7 302.7 685.4 5.0 5.0 0.0 78.8 186.5 270.3 354.8 657.5 -84.5 488.4 -349.8 909.3 769.9 69.9 1040.2 1204.1 1160.8 43.3 1157.3 46.8 1172.6 49.4 80.6 -31.2 6.3 0.0 0.0 -14.1 -37.5 23.4 32.4 55.8 44.2 76.2 23.6 171.8 -3.0 266.0 58.1 127.6 97.4 163.2 6.7 16.5 -20.2 2.2 -8.2 0.0 0.0 -2.6 -1.0 -1.3 9.0 115.8 233.3 23.2 12.8

2008
360.0 35.1 395.1 0.0 0.0 432.7 432.7 827.8 4.0 4.0 0.0 56.0 226.3 286.3 341.4 774.1 -55.1 585.6 -337.4 1089.8 882.8 66.5 1169.1 1302.2 1297.1 5.1 1266.0 36.2 1283.3 25.0 79.3 -54.3 6.5 0.0 0.0 142.4 -60.8 203.2 5.7 208.9 52.3 83.9 17.6 195.9 -4.6 -42.7 2.7 109.8 98.5 317.2 6.1 13.5 -12.0 0.8 -13.7 0.0 0.0 -4.2 -1.5 -1.7 8.6 111.4 50.0 8.1 11.0

2009
360.0 20.3 380.3 0.0 0.0 378.3 378.3 758.6 5.6 5.6 0.0 65.0 289.0 359.6 422.2 800.5 -62.6 686.4 -416.6 1099.2 821.2 72.1 1180.8 1542.1 1520.3 21.8 1419.1 123.0 1448.3 98.4 112.2 -13.8 0.2 0.0 0.0 -69.2 -14.0 -55.2 58.1 2.9 49.9 85.2 16.7 210.5 -1.2 20.2 2003.4 105.6 93.9 114.0 7.3 16.3 -1.4 1.5 -3.6 0.0 0.0 -0.9 -0.4 -0.4 8.2 130.6 -73.3 18.4 10.6

125

Ruby Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

98.0 280.0 378.0 0.0 0.0 194.4 194.4 572.4 36.8 36.8 0.0 43.1 118.4 198.3 200.7 395.1 -2.4 296.5 -163.9 800.0 574.8 17.2 773.1 618.6 518.7 99.9 579.4 39.2 594.1 25.5 10.3 15.2 3.0 4.9 0.0 425.6 7.3 418.3 24.5 442.8 34.0 98.8 39.8 104.5 2.0 1.7 5.5 385.7 96.0 40.4 1.7 3.5 19.7 1.9 4.0 249.0 1.3 2.5 1.6 1.2 5.8 80.0 1500.0 27.8 38.6

2005
98.0 276.4 374.4 0.0 0.0 37.8 37.8 412.2 16.7 16.7 0.0 47.4 102.3 166.4 328.8 366.6 -162.4 166.2 -312.1 810.8 574.6 23.6 741.0 508.8 430.8 78.0 479.0 29.8 494.4 18.3 12.1 6.2 2.6 4.9 0.0 -160.2 -1.3 -158.9 22.3 -136.6 9.2 50.6 19.5 97.9 0.8 382.0 97.2 66.1 2.4 7.3 41.9 3.3 1.7 73.5 1.3 1.2 0.6 0.4 4.1 68.7 -62.5 -17.7 38.2

2006
196.0 249.4 445.4 0.0 0.0 158.5 158.5 603.9 3.0 3.0 0.0 104.1 146.4 253.5 278.6 437.1 -25.1 384.3 -275.6 891.4 629.0 30.3 882.5 643.1 551.7 91.4 613.1 30.0 635.3 9.0 25.2 -16.2 3.2 0.0 0.0 191.7 -19.4 211.1 10.9 222.0 26.2 91.0 38.4 98.1 -1.8 -10.1 4.9 227.2 98.8 280.0 3.9 6.6 -19.8 2.8 -3.6 0.0 0.0 -2.5 -0.8 -1.0 5.3 72.9 -233.3 26.4 22.7

2007
196.0 165.6 361.6 0.0 0.0 327.0 327.0 688.6 15.5 15.5 0.0 175.2 93.8 284.5 584.3 911.3 -299.8 503.8 -568.8 1233.7 988.5 32.4 1273.0 896.8 741.2 155.6 870.1 26.7 893.9 4.8 61.2 -56.4 4.5 0.0 0.0 84.7 -60.9 145.6 -28.5 117.1 47.5 48.7 32.6 252.0 -4.4 -71.9 -24.3 184.5 99.7 1275.0 6.8 12.1 -8.0 4.4 -15.6 0.0 0.0 -6.3 -2.9 -3.1 5.2 70.4 262.5 39.4 18.4

2008
392.0 233.6 625.6 0.0 0.0 279.9 279.9 905.5 2.5 2.5 0.0 158.7 198.7 359.9 603.3 883.2 -243.4 531.3 -600.8 1169.5 1148.8 45.7 1508.7 1081.1 899.3 181.8 1029.1 52.0 1058.0 26.2 78.9 -52.7 5.4 0.0 0.0 216.9 -58.1 275.0 -12.4 262.6 30.9 59.7 26.7 141.2 -3.5 -26.8 -4.7 159.6 97.9 301.1 7.3 14.9 -10.2 3.2 -8.4 0.0 0.0 -4.9 -1.3 -1.5 4.6 71.7 -55.2 20.6 16.0

2009
392.0 133.6 525.6 0.0 0.0 414.4 414.4 940.0 1.0 1.0 0.0 142.7 223.7 367.4 530.8 945.2 -163.4 629.4 -529.8 1169.6 1103.3 50.3 1470.7 856.6 800.1 56.5 830.1 26.5 861.6 -2.2 104.7 -106.9 0.6 0.0 0.0 34.5 -107.5 142.0 -57.2 84.8 44.1 69.2 27.1 179.8 -7.3 -311.6 -67.5 134.1 100.6 -4759.1 12.2 16.6 -0.6 2.1 -20.3 0.0 0.0 -12.5 -2.7 -2.7 4.4 58.2 107.7 -20.8 13.4

126

Safa Textiles Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

40.0 -6.9 33.1 0.0 0.0 0.0 0.0 33.1 2.2 2.2 0.0 8.5 6.5 17.2 6.6 6.6 10.6 0.0 -4.4 37.1 22.6 2.0 39.8 158.5 0.0 158.5 138.3 20.2 153.7 5.0 1.2 3.8 1.2 0.0 0.0 2.5 2.6 -0.1 4.6 4.5 0.0 260.6 162.1 19.9 9.5 104.0 102.2 82.8 97.0 24.0 0.8 31.6 0.6 11.5 0.0 2.4 1.0 0.7 10.7 398.2 100.0 19.5 8.3

2005
40.0 -2.6 37.4 0.0 0.0 0.0 0.0 37.4 0.4 0.4 0.0 13.5 14.2 28.1 26.8 26.8 1.3 0.0 -26.4 52.8 36.0 1.8 64.1 180.5 0.0 180.5 156.5 24.0 173.9 6.8 1.2 5.6 1.4 0.0 0.0 4.3 4.2 0.1 6.0 6.1 0.0 104.9 51.9 71.7 8.7 97.7 98.4 93.5 96.3 17.6 0.7 25.0 2.9 15.0 0.0 3.1 1.4 1.1 8.0 281.6 40.0 13.9 9.4

2006
40.0 0.2 40.2 0.0 0.0 1.0 1.0 41.2 0.3 0.3 0.0 11.3 19.9 31.5 32.0 33.0 -0.5 1.0 -31.7 61.9 41.7 3.5 73.2 227.8 17.1 210.7 196.5 31.3 220.4 7.5 2.3 5.2 2.1 0.0 0.0 3.8 3.1 0.7 6.6 7.3 2.4 98.4 36.3 82.1 7.1 81.6 90.4 100.5 96.8 30.7 1.0 230.0 40.4 0.0 12.9 0.0 0.0 2.3 1.3 0.8 9.7 311.2 -7.1 26.2 10.1

2007
40.0 9.6 49.6 0.0 0.0 0.3 0.3 49.9 4.3 4.3 0.0 7.9 69.9 82.1 83.8 84.1 -1.7 44.6 -79.5 73.9 51.6 3.7 133.7 265.7 0.0 265.7 223.9 41.8 249.3 16.4 4.4 12.0 2.7 0.0 0.0 8.7 9.3 -0.6 13.0 12.4 0.6 98.0 14.6 169.6 9.0 106.9 104.8 124.0 93.8 26.8 1.7 9.9 22.5 0.0 24.2 0.0 0.0 4.5 3.0 2.3 8.8 198.7 130.8 16.6 12.4

2008
40.0 8.0 48.0 0.0 0.0 0.0 0.0 48.0 1.1 1.1 0.0 18.4 68.6 88.1 100.1 100.1 -12.0 54.3 -99.0 86.5 60.1 4.8 148.2 367.4 0.0 367.4 328.3 39.1 357.7 9.4 5.5 3.9 3.5 0.0 0.1 -1.9 0.4 -2.3 5.2 2.9 0.0 88.0 19.5 208.5 2.6 -21.1 179.3 120.0 97.4 58.5 1.5 10.1 89.7 2.1 8.1 0.0 0.0 1.1 1.0 0.1 9.3 247.9 -66.7 38.3 12.0

2009
40.0 11.6 51.6 0.0 0.0 0.0 0.0 51.6 5.6 5.6 0.0 68.0 52.5 126.1 125.0 125.0 1.1 82.6 -119.4 84.1 50.5 5.5 176.6 395.3 2.0 393.3 350.2 45.1 386.2 12.4 4.9 7.5 3.9 0.0 0.0 3.6 3.6 0.0 9.1 9.1 0.0 100.9 58.9 242.2 4.2 100.0 100.0 129.0 97.7 39.5 1.2 5.9 52.0 5.8 14.5 0.0 0.0 1.9 1.9 0.9 9.4 223.8 90.0 7.6 12.9

127

Saif Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

189.1 613.6 802.7 0.0 0.0 991.0 991.0 1793.7 25.6 7.0 18.6 348.5 600.4 974.5 951.1 1942.1 23.4 1761.8 -925.5 1898.0 1770.4 119.6 2744.9 1943.6 1899.3 44.3 1781.4 162.2 1854.2 100.0 43.2 56.8 3.1 18.9 0.0 915.4 34.8 880.6 154.4 1035.0 55.2 102.5 39.3 241.9 2.1 3.8 14.9 424.5 95.4 43.2 2.2 2.5 5.5 11.5 7.1 284.1 2.4 2.9 3.0 2.8 13.8 70.8 -6.3 43.1 42.4

2005
189.1 502.5 691.6 0.0 0.0 1018.6 1018.6 1710.2 26.9 1.9 25.0 436.9 797.4 1261.2 1335.7 2354.3 -74.5 2185.9 -1308.8 2448.4 1784.7 130.7 3045.9 2223.7 1923.6 300.1 2033.8 189.9 2102.9 132.0 94.6 37.4 14.2 18.9 0.0 -83.5 4.3 -87.8 135.0 47.2 59.6 94.4 34.7 340.4 1.2 286.0 365.7 94.6 71.7 4.3 4.3 38.0 15.9 5.4 122.8 2.7 1.7 2.0 1.2 7.4 73.0 -33.3 14.4 36.6

2006
189.1 710.7 899.8 0.0 0.0 982.0 982.0 1881.8 45.1 15.0 30.1 465.1 955.6 1465.8 1704.4 2686.4 -238.6 2339.3 -1659.3 2779.6 2120.3 189.3 3586.1 3473.3 2685.1 788.2 3127.1 346.2 3240.3 264.0 211.5 52.5 17.3 14.2 0.0 171.6 21.0 150.6 210.3 360.9 52.2 86.0 29.9 298.6 1.5 12.2 58.3 475.8 93.3 80.1 6.1 9.0 33.0 11.0 5.8 247.9 1.6 1.5 2.8 1.9 10.6 96.9 40.0 56.2 47.6

2007
264.1 749.3 1013.4 0.0 0.0 1070.6 1070.6 2084.0 3.2 3.2 0.0 942.7 933.6 1879.5 2097.5 3168.1 -218.0 2567.0 -2094.3 2824.2 2302.0 150.5 4181.5 3813.0 2793.7 1019.3 3423.6 389.4 3580.3 239.1 260.9 -21.8 19.0 14.2 0.0 202.2 -55.0 257.2 95.5 352.7 51.4 89.6 45.1 312.6 -0.5 -27.2 27.1 383.7 93.9 109.1 6.8 10.2 -87.2 19.2 -2.2 -287.3 1.4 -0.6 -0.8 -1.5 7.1 91.2 -128.6 9.8 38.4

2008
264.1 709.4 973.5 0.0 0.0 883.6 883.6 1857.1 4.9 4.9 0.0 1181.7 911.5 2098.1 2435.4 3319.0 -337.3 2362.2 -2430.5 3156.6 2194.4 166.9 4292.5 4489.2 3125.7 1363.5 4048.8 440.4 4259.4 235.5 315.0 -79.5 22.4 0.0 0.0 -226.9 -101.9 -125.0 65.0 -60.0 47.6 86.2 48.7 340.9 -1.9 44.9 -108.3 368.6 94.9 133.8 7.0 13.3 -28.2 2.0 -8.2 0.0 0.0 -1.8 -3.0 -3.9 7.2 104.6 275.0 17.7 36.9

2009
264.1 235.1 499.2 0.0 0.0 1170.6 1170.6 1669.8 13.2 3.2 10.0 1075.0 685.8 1774.0 2330.0 3500.6 -556.0 2686.8 -2316.8 3162.7 2225.8 157.9 3999.8 3727.8 3051.1 676.7 3616.5 111.3 3845.7 -345.1 346.4 -691.5 8.1 0.0 0.0 -187.3 -699.6 512.3 -541.7 -29.4 70.1 76.1 46.7 701.2 -17.3 373.5 1842.5 189.0 103.2 -100.4 9.3 12.9 -1.2 19.9 -138.5 0.0 0.0 -18.5 -26.2 -26.5 7.2 93.2 773.3 -17.0 18.9

128

Saitex Spinning Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

74.0 -390.8 -316.8 0.0 0.0 146.3 146.3 -170.5 0.2 0.2 0.0 10.4 0.0 10.6 334.3 480.6 -323.7 168.0 -334.1 256.3 153.2 11.4 163.8 0.0 0.0 0.0 0.0 0.0 13.4 -13.4 0.0 -13.4 0.0 0.0 0.0 -22.5 -13.4 -9.1 -2.0 -11.1 3.2 3.2 -8.2 -428.1 0.0 -1.8 -1.8 6.9 0.0 -127.3 -100.0 -42.8

2005
74.0 -253.7 -179.7 0.0 0.0 143.2 143.2 -36.5 0.1 0.1 0.0 8.8 0.9 9.8 190.9 334.1 -181.1 215.8 -190.8 268.9 144.5 7.7 154.3 0.0 0.0 0.0 8.7 -8.7 9.2 0.9 5.8 -4.9 0.0 0.0 0.0 134.0 -4.9 138.9 2.8 141.7 5.1 4.7 -3.2 -3.7 2.0 -242.8 644.4 2.7 -0.7 -0.7 5.0 0.0 -61.1 -24.3

2006
74.0 -286.3 -212.3 0.0 0.0 0.0 0.0 -212.3 0.2 0.2 0.0 120.1 0.0 120.3 332.6 332.6 -212.3 95.6 -332.4 0.0 0.0 0.0 120.3 0.0 0.0 0.0 0.0 0.0 7.2 -6.7 7.3 -14.0 0.0 0.0 0.0 -175.8 -14.0 -161.8 -14.0 -175.8 0.0 36.2 36.2 0.0 -11.6 8.0 8.0 -286.9 0.0 -109.0 0.0 7.6 0.0 0.0 0.0 0.0 0.0 0.0 -1.9 -1.9 0.0 0.0 171.4 -28.7

2007
74.0 -74.0 0.0 0.0 0.0 0.2 0.2 0.2 0.2 0.2 0.0 0.1 0.0 0.3 0.1 0.3 0.2 0.2 0.1 0.0 0.0 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.2 -0.2 0.0 -0.2 0.0 0.0 0.0 212.5 -0.2 212.7 -0.2 212.5 100.0 300.0 300.0 0.0 -66.7 -0.1 -0.1 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 0.0 -100.0 0.0

2008
74.0 -74.2 -0.2 0.0 0.0 0.2 0.2 0.0 0.1 0.1 0.0 0.0 0.0 0.1 0.1 0.3 0.0 0.2 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.2 -0.2 0.0 -0.2 0.0 0.0 0.0 -0.2 -0.2 0.0 -0.2 -0.2 0.0 100.0 100.0 0.0 -200.0 100.0 100.0 -0.3 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 0.0 0.0

2009
74.0 -74.2 -0.2 0.0 0.0 0.2 0.2 0.0 0.1 0.1 0.0 0.0 0.0 0.1 0.1 0.3 0.0 0.2 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.2 -0.2 0.0 -0.2 0.0 0.0 0.0 0.0 -0.2 0.2 -0.2 0.0 0.0 100.0 100.0 0.0 -200.0 0.0 0.0 -0.3 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 0.0 0.0

129

Sajjad Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

212.7 -12.2 200.5 0.0 0.0 158.2 158.2 358.7 6.6 6.6 0.0 68.4 49.0 124.0 103.9 262.1 20.1 204.1 -97.3 524.5 338.6 17.2 462.6 666.1 510.4 155.7 651.2 14.9 675.6 -9.0 10.1 -19.1 18.2 0.0 0.0 129.0 -37.3 166.3 -20.1 146.2 44.1 119.3 72.2 130.7 -4.1 -28.9 -13.7 94.3 101.4 1.5 4.9 5.7 -9.5 0.0 -2.9 -0.9 -1.8 4.9 144.0 28.6 36.6 9.4

2005
212.7 3.9 216.6 0.0 0.0 48.0 48.0 264.6 2.1 2.1 0.0 49.6 92.0 143.7 243.7 291.7 -100.0 186.2 -241.6 565.2 364.5 13.0 508.2 486.1 368.9 117.2 436.3 49.8 455.2 30.9 12.7 18.2 3.1 0.0 0.0 -94.1 15.1 -109.2 28.1 -81.1 18.1 59.0 21.2 134.7 3.6 101.8 93.6 41.1 2.6 6.8 17.0 6.7 8.4 0.0 3.7 0.9 0.7 3.8 95.7 -200.0 -27.0 10.2

2006
212.7 -8.2 204.5 0.0 0.0 114.6 114.6 319.1 7.1 7.1 0.0 33.7 104.0 144.8 250.9 365.5 -106.1 223.2 -243.8 645.0 425.2 19.0 570.0 642.1 456.3 185.8 605.5 36.6 628.9 13.2 26.6 -13.4 3.2 0.0 0.0 54.5 -16.6 71.1 2.4 73.5 35.9 57.7 16.3 178.7 -2.4 -30.5 3.3 96.1 97.9 201.5 4.1 11.9 -23.9 3.3 -6.6 0.0 0.0 -2.1 -0.6 -0.8 5.2 112.6 -166.7 32.1 9.6

2007
212.7 -71.5 141.2 0.0 0.0 87.6 87.6 228.8 0.7 0.7 0.0 62.4 101.1 164.2 347.0 434.6 -182.8 213.5 -346.3 652.1 411.4 21.4 575.6 757.0 386.0 371.0 700.6 56.4 737.6 19.7 33.1 -13.4 3.7 0.0 0.0 -90.3 -17.1 -73.2 4.3 -68.9 38.3 47.3 18.2 307.8 -2.3 18.9 -6.2 66.4 97.4 168.0 4.4 15.5 -27.6 4.5 -9.5 0.0 0.0 -1.8 -0.6 -0.8 5.0 131.5 0.0 17.9 6.6

2008
212.7 -163.7 49.0 0.0 0.0 185.7 185.7 234.7 4.6 4.6 0.0 68.9 123.7 197.2 354.5 540.2 -157.3 365.6 -349.9 653.9 392.1 20.6 589.3 789.5 572.0 217.5 778.7 10.8 810.2 -20.7 40.1 -60.8 4.0 0.0 0.0 5.9 -64.8 70.7 -44.2 26.5 79.1 55.6 20.7 1102.4 -10.3 -1098.3 -166.8 23.0 102.6 -193.7 5.1 11.0 -6.6 4.0 -124.1 0.0 0.0 -7.7 -2.9 -3.0 5.0 134.0 383.3 4.3 2.3

2009
212.7 -169.8 42.9 0.0 0.0 35.9 35.9 78.8 1.8 1.8 0.0 19.5 0.0 21.3 316.9 352.8 -295.6 224.8 -315.1 653.0 374.3 19.5 395.6 301.1 231.3 69.8 305.5 -4.4 342.1 -41.0 29.9 -70.9 1.5 0.0 0.0 -155.9 -72.4 -83.5 -52.9 -136.4 45.6 6.7 6.7 822.4 -17.9 46.4 38.8 20.2 113.6 -72.9 9.9 13.3 -2.1 0.2 -165.3 0.0 0.0 -23.5 -3.3 -3.4 5.0 76.1 13.8 -61.9 2.0

130

Saleem Denim Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

39.0 -196.6 -157.6 0.0 0.0 11.4 11.4 -146.2 0.0 0.0 0.0 4.0 5.2 9.2 254.0 265.4 -244.8 17.4 -254.0 144.1 98.5 5.2 107.7 0.0 0.0 0.0 0.0 0.0 6.0 -6.0 13.1 -19.1 0.0 0.0 0.0 -119.3 -19.1 -100.2 -13.9 -114.1 3.6 1.6 -17.7 -404.1 75.3 -4.9 -4.9 5.0 0.0 -9.3 -100.0 -40.4

2005
39.0 -210.1 -171.1 0.0 0.0 9.3 9.3 -161.8 0.0 0.0 0.0 1.7 7.4 9.1 265.8 275.1 -256.7 137.0 -265.8 144.1 94.9 3.7 104.0 0.0 0.0 0.0 0.0 0.0 3.9 -3.9 9.5 -13.4 0.0 0.0 0.0 -15.6 -13.4 -2.2 -9.7 -11.9 3.4 0.6 -12.9 -438.7 6.9 -3.4 -3.4 3.8 0.0 -30.6 -43.9

2006
39.0 -23.6 15.4 0.0 0.0 18.0 18.0 33.4 0.0 0.0 0.0 3.1 5.2 8.3 65.2 83.2 -56.9 30.3 -65.2 144.1 90.2 4.7 98.5 0.0 0.0 0.0 0.0 0.0 5.9 187.6 0.0 187.6 0.0 0.0 0.0 195.2 187.6 7.6 192.3 199.9 53.9 12.7 4.8 540.3 190.5 96.1 96.2 39.5 0.0 0.0 0.0 0.0 0.0 0.0 1218.2 0.0 0.0 0.0 48.1 48.1 5.0 0.0 -1514.7 3.9

2007
39.0 -23.6 15.4 0.0 0.0 18.0 18.0 33.4 0.0 0.0 0.0 3.1 5.2 8.3 65.2 83.2 -56.9 30.3 -65.2 144.1 90.2 4.7 98.5 0.0 0.0 0.0 0.0 0.0 5.9 187.6 0.0 187.6 0.0 0.0 0.0 0.0 187.6 -187.6 192.3 4.7 53.9 12.7 4.8 540.3 190.5 0.0 4091.5 39.5 0.0 0.0 0.0 0.0 0.0 0.0 1218.2 0.0 0.0 0.0 48.1 48.1 5.0 0.0 0.0 3.9

2008
39.0 -23.6 15.4 0.0 0.0 18.0 18.0 33.4 0.0 0.0 0.0 3.1 5.2 8.3 65.2 83.2 -56.9 30.3 -65.2 144.1 90.2 4.7 98.5 0.0 0.0 0.0 0.0 0.0 5.9 187.6 0.0 187.6 0.0 0.0 0.0 0.0 187.6 -187.6 192.3 4.7 53.9 12.7 4.8 540.3 190.5 0.0 4091.5 39.5 0.0 0.0 0.0 0.0 0.0 0.0 1218.2 0.0 0.0 0.0 48.1 48.1 5.0 0.0 0.0 3.9

2009
39.0 -84.9 -45.9 0.0 0.0 0.0 0.0 -45.9 0.0 0.0 0.0 0.9 0.0 0.9 73.6 73.6 -72.7 0.0 -73.6 31.0 26.9 1.0 27.8 0.0 0.0 0.0 0.0 0.0 1.4 -1.4 0.0 -1.4 0.0 0.0 0.0 -79.3 -1.4 -77.9 -0.4 -78.3 0.0 1.2 1.2 0.0 -5.0 1.8 0.5 -117.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.4 -0.4 3.1 0.0 -100.8 -11.8

131

Salfi Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

30.4 423.6 454.0 0.0 0.0 116.4 116.4 570.4 50.6 19.3 31.3 172.5 177.8 400.9 362.1 478.5 38.8 384.3 -311.5 606.2 531.6 38.4 932.5 1123.3 1123.3 0.0 1048.7 74.6 1083.1 41.0 20.9 20.1 9.2 0.0 0.0 -5.3 10.9 -16.2 49.3 33.1 20.4 110.7 61.6 105.4 2.2 148.9 1493.4 96.4 51.0 1.9 5.4 45.8 9.8 4.4 0.0 1.8 6.6 3.6 7.0 120.5 2100.0 34.0 149.3

2005
33.4 716.0 749.4 0.0 0.0 122.2 122.2 871.6 48.8 15.4 33.4 177.7 286.8 513.3 530.2 652.4 -16.9 482.5 -481.4 991.0 888.4 30.1 1401.7 828.0 828.0 0.0 779.5 48.5 806.4 21.7 21.1 0.6 3.9 3.0 3.0 301.2 -6.3 307.5 23.8 331.3 14.0 96.8 42.7 87.1 0.0 -2.1 7.2 2243.7 97.4 97.2 2.5 4.4 650.0 13.5 0.1 -110.0 0.4 0.1 0.2 -1.0 5.7 59.1 -97.0 -26.3 224.4

2006
33.4 779.6 813.0 0.0 0.0 574.3 574.3 1387.3 108.6 5.5 103.1 236.1 534.3 879.0 872.2 1446.5 6.8 1203.0 -763.6 1517.1 1380.4 38.5 2259.4 824.7 824.7 0.0 733.4 91.3 777.2 56.6 49.2 7.4 4.6 3.3 0.0 515.7 -0.5 516.2 38.0 554.2 41.4 100.8 39.5 177.9 0.3 -0.1 6.9 2434.1 94.2 86.9 6.0 4.1 62.2 17.1 0.9 84.8 0.4 0.9 2.2 0.8 4.3 36.5 1000.0 -0.4 243.4

2007
33.4 727.0 760.4 0.0 0.0 815.4 815.4 1575.8 148.5 32.7 115.8 305.2 238.2 691.9 471.5 1286.9 220.4 1091.9 -323.0 1545.3 1355.5 68.4 2047.4 1669.5 1349.5 320.0 1508.7 160.8 1583.6 110.8 135.2 -24.4 8.5 0.0 0.0 188.5 -32.9 221.4 35.5 256.9 51.7 146.7 96.2 169.2 -1.2 -17.5 13.8 2276.6 94.9 122.0 8.1 12.4 -34.8 11.1 -3.2 0.0 0.0 -1.5 -7.3 -9.9 5.0 81.5 -431.8 102.4 227.7

2008
33.4 1125.1 1158.5 0.0 0.0 176.2 176.2 1334.7 132.4 18.6 113.8 421.9 813.2 1367.5 1951.5 2127.7 -584.0 974.7 -1819.1 1961.3 1918.6 66.8 3286.1 1942.7 1646.7 296.0 1689.3 253.4 1782.2 165.4 140.3 25.1 10.4 0.0 0.0 -241.1 14.7 -255.8 81.5 -174.3 13.2 70.1 28.4 183.7 0.8 -6.1 -46.8 3468.6 91.7 84.8 7.2 14.4 41.4 13.1 2.2 0.0 0.0 1.3 7.5 4.4 4.9 59.1 -202.7 16.4 346.9

2009
33.4 1157.0 1190.4 0.0 0.0 637.1 637.1 1827.5 304.5 21.7 282.8 271.9 700.5 1276.9 1303.1 1940.2 -26.2 1490.4 -998.6 1974.5 1853.7 66.7 3130.6 1901.7 1653.5 248.2 1707.5 194.2 1851.9 22.6 257.6 -235.0 2.4 0.0 0.0 492.8 -237.4 730.2 -170.7 559.5 34.9 98.0 44.2 163.0 -7.5 -48.2 -30.5 3564.1 97.4 1139.8 13.5 17.3 -1.0 11.0 -19.7 0.0 0.0 -12.4 -70.4 -71.1 3.5 60.7 -1038.7 -2.1 356.4

132

Sally Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

87.8 -178.2 -90.4 0.0 0.0 204.0 204.0 113.6 3.0 3.0 0.0 82.5 99.2 184.7 395.9 599.9 -211.2 425.3 -392.9 572.7 324.8 14.1 509.5 655.3 655.3 0.0 602.9 52.4 618.1 37.2 21.5 15.7 3.3 0.0 0.0 58.8 12.4 46.4 26.5 72.9 179.6 46.7 21.6 3.1 21.1 36.4 -103.0 94.3 57.8 3.3 5.1 21.0 0.0 2.4 1.8 1.4 5.5 128.6 -1000.0 21.1 -10.3

2005
87.8 -187.0 -99.2 0.0 0.0 170.7 170.7 71.5 5.2 5.2 0.0 27.6 228.7 261.5 608.7 779.4 -347.2 612.9 -603.5 682.2 418.8 15.7 680.3 518.6 518.6 0.0 472.0 46.6 482.5 36.9 18.6 18.3 2.6 0.0 0.0 -42.1 15.7 -57.8 31.4 -26.4 238.7 43.0 5.4 2.7 -113.0 93.0 50.4 3.6 3.0 14.2 0.1 3.5 2.1 1.8 4.8 76.2 16.7 -20.9 -11.3

2006
87.8 -172.6 -84.8 0.0 0.0 123.4 123.4 38.6 1.2 1.2 0.0 39.4 208.5 249.1 689.2 812.6 -440.1 687.4 -688.0 762.6 478.6 20.7 727.7 798.1 798.1 0.0 721.9 76.2 743.1 55.1 41.9 13.2 4.0 0.0 0.0 -32.9 9.2 -42.1 29.9 -12.2 319.7 36.1 5.9 0.0 1.8 -28.0 -245.1 -96.6 93.1 76.0 5.2 6.1 30.3 0.3 0.0 0.0 0.0 1.7 1.5 1.0 4.9 109.7 -28.6 53.9 -9.7

2007
87.8 -212.9 -125.1 0.0 0.0 133.6 133.6 8.5 12.1 12.1 0.0 93.0 126.3 231.4 723.2 856.8 -491.8 542.1 -711.1 791.9 500.3 25.1 731.7 883.7 882.5 1.2 828.4 55.3 848.4 36.9 43.8 -6.9 4.4 0.0 0.0 -30.1 -11.3 -18.8 13.8 -5.0 1571.8 32.0 14.5 0.0 -0.9 37.5 -276.0 -142.5 96.0 118.7 5.0 8.1 -63.8 3.5 0.0 0.0 0.0 -0.8 -0.8 -1.3 5.2 120.8 -153.3 10.7 -14.2

2008
87.8 -286.2 -198.4 0.0 0.0 116.3 116.3 -82.1 12.9 12.9 0.0 74.9 398.3 486.1 1114.2 1230.5 -628.1 739.4 -1101.3 872.1 546.0 26.4 1032.1 1035.6 1024.4 11.2 1011.1 24.5 1051.1 -14.3 45.9 -60.2 5.4 0.0 0.0 -90.6 -65.6 -25.0 -39.2 -64.2 0.0 43.6 7.9 0.0 -5.8 72.4 61.1 -226.0 101.5 -321.0 4.4 6.2 -9.0 2.5 0.0 0.0 0.0 -5.8 -6.9 -7.5 5.4 100.3 762.5 17.2 -22.6

2009
87.8 -70.8 17.0 0.0 0.0 83.5 83.5 100.5 2.2 2.2 0.0 75.1 301.4 378.7 817.0 900.5 -438.3 656.1 -814.8 893.6 538.8 28.8 917.5 1180.7 1154.4 26.3 1111.4 69.3 1168.3 13.9 9.7 4.2 0.0 0.0 0.0 182.6 4.2 178.4 33.0 211.4 83.1 46.4 9.5 5297.1 0.5 2.3 15.6 19.4 98.9 69.8 0.8 1.5 0.0 0.0 24.7 0.0 0.0 0.4 0.5 0.5 5.3 128.7 -107.2 14.0 1.9

133

Salman Noman Enterprises Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

39.8 128.5 168.3 0.0 0.0 24.1 24.1 192.4 1.4 1.4 0.0 41.3 51.8 94.5 189.4 213.5 -94.9 55.1 -188.0 226.2 287.4 11.5 381.9 499.9 499.9 0.0 487.3 12.6 495.9 4.6 4.8 -0.2 2.4 0.0 0.0 86.1 -2.6 88.7 8.9 97.6 12.5 49.9 22.5 126.9 -0.1 -3.0 9.1 422.9 99.2 104.3 1.0 8.7 1.1 -0.1 0.0 0.0 -0.1 -0.7 10.3 130.9 -112.5 24.5 42.3

2005
39.8 222.0 261.8 0.0 0.0 30.4 30.4 292.2 3.8 3.8 0.0 20.7 56.6 81.1 80.7 111.1 0.4 76.7 -76.9 419.4 291.7 11.5 372.8 384.7 384.7 0.0 364.8 19.9 371.3 14.2 4.8 9.4 1.9 0.0 0.0 99.8 7.5 92.3 19.0 111.3 10.4 100.5 30.4 42.4 2.5 7.5 17.1 657.8 96.5 33.8 1.2 6.3 20.2 0.3 3.6 0.0 2.4 2.4 1.9 4.0 103.2 -2500.0 -23.0 65.8

2006
39.8 121.9 161.7 0.0 0.0 16.1 16.1 177.8 0.7 0.7 0.0 28.5 68.1 97.3 195.5 211.6 -98.2 84.9 -194.8 406.1 276.0 14.4 373.3 474.0 474.0 0.0 452.6 21.4 462.1 12.3 10.5 1.8 2.3 0.0 0.0 -114.4 -0.5 -113.9 13.9 -100.0 9.1 49.8 14.9 130.9 0.5 0.4 -13.9 406.3 97.5 85.4 2.2 12.4 127.8 0.2 1.1 0.0 0.0 0.4 0.5 -0.1 4.9 127.0 -79.2 23.2 40.6

2007
39.8 135.7 175.5 0.0 0.0 15.2 15.2 190.7 0.7 0.7 0.0 41.2 59.8 101.7 246.8 262.0 -145.1 43.0 -246.1 402.3 335.8 13.9 437.5 501.9 501.9 0.0 474.2 27.7 491.8 12.7 8.5 4.2 2.5 0.0 0.0 12.9 1.7 11.2 15.6 26.8 8.0 41.2 17.0 149.3 1.0 13.2 58.2 441.0 98.0 66.9 1.7 19.8 59.5 0.4 2.4 0.0 0.0 0.8 1.1 0.4 5.0 114.7 120.0 5.9 44.1

2008
39.8 242.7 282.5 0.0 0.0 322.9 322.9 605.4 4.2 4.2 0.0 88.7 94.0 186.9 190.2 513.1 -3.3 430.7 -186.0 770.9 608.8 19.3 795.7 584.8 584.8 0.0 563.4 21.4 574.6 17.9 15.0 2.9 1.8 0.0 0.0 414.7 1.1 413.6 20.4 434.0 53.3 98.3 48.8 181.6 0.4 0.3 4.7 709.8 98.3 83.8 2.6 3.5 62.1 3.7 1.0 0.0 0.0 0.5 0.7 0.3 5.7 73.5 -36.4 16.5 71.0

2009
39.8 219.5 259.3 0.0 0.0 263.9 263.9 523.2 7.6 7.6 0.0 101.1 150.3 259.0 378.2 642.1 -119.2 418.7 -370.6 862.0 642.4 29.3 901.4 868.4 868.4 0.0 846.2 22.2 897.4 -28.6 53.6 -82.2 0.0 0.0 0.0 -82.2 -82.2 0.0 -52.9 -52.9 50.4 68.5 28.7 247.6 -9.1 100.0 100.0 651.5 103.3 -187.4 6.2 12.8 0.0 2.1 -31.7 0.0 0.0 -9.5 -20.7 -20.7 4.8 96.3 -3057.1 48.5 65.2

134

Samin Textiles Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

133.6 26.5 160.1 0.0 0.0 196.0 196.0 356.1 46.2 9.6 36.6 324.2 359.0 729.4 954.9 1150.9 -225.5 764.6 -908.7 899.0 581.7 60.1 1311.1 1609.7 298.5 1311.2 1491.4 118.3 1601.9 10.4 49.6 -39.2 16.4 0.0 0.0 -102.2 -55.6 -46.6 4.5 -42.1 55.0 76.4 38.8 718.9 -3.0 119.8 99.5 476.9 3.1 6.5 11.7 -24.5 0.0 -2.4 -2.9 -4.2 10.0 122.8 -341.7 53.4 12.0

2005
133.6 129.3 262.9 0.0 0.0 236.2 236.2 499.1 74.6 38.0 36.6 301.8 402.8 779.2 923.0 1159.2 -143.8 950.6 -848.4 1010.4 643.0 45.0 1422.2 1361.6 623.4 738.2 1235.6 126.0 1328.3 36.9 54.1 -17.2 12.8 0.0 0.0 143.0 -30.0 173.0 15.0 188.0 47.3 84.4 40.8 440.9 -1.2 -21.0 8.0 196.8 97.6 146.6 4.0 5.7 15.2 -6.5 0.0 -1.3 -1.3 -2.2 7.8 95.7 -55.2 -15.4 19.7

2006
133.6 265.5 399.1 0.0 0.0 184.1 184.1 583.2 88.3 14.3 74.0 216.4 390.0 694.7 857.0 1041.1 -162.3 888.6 -768.7 1153.7 745.5 59.2 1440.2 1634.3 686.7 947.6 1443.5 190.8 1526.7 146.2 104.0 42.2 12.5 0.0 0.0 84.1 29.7 54.4 88.9 143.3 31.6 81.1 35.6 260.9 2.9 35.3 62.0 298.7 93.4 71.1 6.4 11.7 29.6 9.0 10.6 0.0 0.0 2.6 3.2 2.2 9.2 113.5 -346.2 20.0 29.9

2007
133.6 128.1 261.7 0.0 0.0 37.8 37.8 299.5 121.8 11.6 110.2 282.5 389.7 794.0 1228.0 1265.8 -434.0 658.5 -1106.2 1208.8 733.7 68.8 1527.7 1687.5 708.3 979.2 1536.1 151.4 1628.5 145.6 114.2 31.4 12.8 0.0 0.0 -283.7 18.6 -302.3 87.4 -214.9 12.6 64.7 32.9 483.7 2.1 -6.6 -40.7 195.9 96.5 78.4 6.8 17.3 40.8 0.2 12.0 0.0 0.0 1.9 2.4 1.4 9.2 110.5 -25.0 3.3 19.6

2008
133.6 921.4 1055.0 0.0 0.0 382.7 382.7 1437.7 22.7 22.7 0.0 1592.3 311.1 1926.1 1167.0 1549.7 759.1 1074.2 -1144.3 1221.4 678.6 68.5 2604.7 1613.6 827.2 786.4 1565.7 47.9 1657.6 96.9 108.8 -11.9 11.3 0.0 0.0 1138.2 -23.2 1161.4 45.3 1206.7 26.6 165.0 138.4 146.9 -0.5 -2.0 3.8 789.7 102.7 112.3 6.7 10.1 -95.0 15.1 -1.1 0.0 0.0 -0.7 -0.9 -1.7 9.3 61.9 -137.5 -4.4 79.0

2009
133.6 862.0 995.6 0.0 0.0 59.6 59.6 1055.2 1086.9 8.5 1078.4 255.9 345.2 1688.0 1264.0 1323.6 424.0 769.7 -177.1 1236.7 631.4 62.9 2319.4 1585.8 739.7 846.1 1474.1 111.7 1555.6 65.2 134.4 -69.2 9.1 0.0 0.0 -382.5 -78.3 -304.2 -15.4 -319.6 5.6 133.5 106.2 132.9 -3.0 20.5 4.8 745.2 98.1 206.1 8.5 17.5 -13.2 7.4 -7.0 0.0 0.0 -4.4 -5.2 -5.9 9.3 68.4 477.8 -1.7 74.5

135

Sana Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

40.0 148.9 188.9 0.0 0.0 0.0 0.0 188.9 2.5 2.5 0.0 114.2 64.9 181.6 93.5 93.5 88.1 34.4 -91.0 375.7 100.7 14.7 282.3 492.3 492.3 0.0 447.9 44.4 463.5 28.9 1.2 27.7 10.7 10.0 0.0 3.8 7.0 -3.2 21.7 18.5 0.0 194.2 124.8 49.5 9.8 184.2 117.3 472.3 94.1 4.2 0.2 3.5 38.6 20.2 14.7 170.0 5.3 5.6 6.9 4.3 15.2 174.4 -28.9 15.5 47.2

2005
50.0 152.2 202.2 0.0 0.0 0.0 0.0 202.2 5.3 5.3 0.0 116.5 76.3 198.1 102.9 102.9 95.2 73.6 -97.6 399.6 106.9 11.8 305.0 336.7 336.7 0.0 316.8 19.9 328.4 15.0 1.8 13.2 3.4 10.0 10.0 13.3 -0.2 13.5 11.6 25.1 0.0 192.5 118.4 50.9 4.3 -1.5 46.2 404.4 97.5 12.0 0.5 2.4 25.8 28.6 6.5 98.0 4.9 3.9 2.6 2.0 13.0 110.4 -62.3 -31.6 40.4

2006
50.0 158.4 208.4 0.0 0.0 24.3 24.3 232.7 7.5 7.5 0.0 126.9 57.5 191.9 104.1 128.4 87.8 109.2 -96.6 452.8 144.9 17.0 336.8 481.6 481.6 0.0 427.9 53.7 444.4 39.4 7.4 32.0 12.9 12.5 5.0 30.5 6.6 23.9 23.6 47.5 10.4 184.3 129.1 61.6 9.5 21.6 49.7 416.8 92.3 18.8 1.5 6.8 40.3 25.4 15.4 152.8 6.0 6.6 6.4 3.8 15.9 143.0 146.2 43.0 41.7

2007
55.0 0.0 55.0 0.0 0.0 21.6 21.6 76.6 15.3 15.3 0.0 95.1 69.2 179.6 278.7 300.3 -99.1 124.7 -263.4 502.8 175.7 20.2 355.3 382.8 382.8 0.0 411.1 -28.3 423.7 -40.6 14.2 -54.8 2.1 0.0 0.0 -156.1 -56.9 -99.2 -36.7 -135.9 28.2 64.4 39.6 546.0 -15.4 36.5 27.0 100.0 110.7 -35.0 3.7 11.4 -3.8 23.3 -99.6 0.0 0.0 -14.3 -10.0 -10.3 13.9 107.7 -256.3 -20.5 10.0

2008
55.0 137.7 192.7 0.0 0.0 5.1 5.1 197.8 4.4 4.4 0.0 104.3 78.8 187.5 161.8 166.9 25.7 5.1 -157.4 521.2 172.1 23.4 359.6 385.7 385.7 0.0 348.0 37.7 362.1 23.7 16.5 7.2 2.2 5.5 0.0 121.2 -0.5 121.7 22.9 144.6 2.6 115.9 67.2 86.6 2.0 -0.4 15.8 350.4 93.9 69.6 4.3 323.5 30.6 0.0 3.7 90.9 2.9 1.9 1.3 0.9 13.3 107.3 -113.0 0.8 35.0

2009
55.0 155.6 210.6 0.0 0.0 2.4 2.4 213.0 20.3 20.3 0.0 101.1 83.3 204.7 163.2 165.6 41.5 117.6 -142.9 532.4 171.5 25.3 376.2 506.1 506.1 0.0 437.2 68.9 455.0 54.4 18.4 36.0 0.0 19.3 0.0 15.2 16.7 -1.5 42.0 40.5 1.1 125.4 74.4 78.6 9.6 109.9 103.7 382.9 89.9 33.8 3.6 15.6 0.0 16.9 17.1 186.5 9.2 7.1 6.5 6.5 14.7 134.5 400.0 31.2 38.3

136

Sapphire Fibres Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

175.0 2264.6 2439.6 0.0 0.0 374.6 374.6 2814.2 700.3 62.0 638.3 897.1 807.0 2404.4 1531.6 1906.2 872.8 1444.5 -831.3 3198.7 1941.4 179.2 4345.8 4350.3 1024.3 3326.0 3966.4 383.9 4032.1 340.3 85.1 255.2 52.6 26.3 0.0 526.4 176.3 350.1 355.5 705.6 13.3 157.0 104.3 78.1 5.9 33.5 50.4 1394.1 92.7 25.0 2.0 5.9 20.6 12.4 10.5 770.3 1.1 5.9 14.6 11.6 10.4 100.1 -3.9 23.5 139.4

2005
175.0 2822.7 2997.7 0.0 0.0 470.6 470.6 3468.3 1094.1 42.0 1052.1 786.5 1489.2 3369.8 2248.7 2719.3 1121.1 2362.0 -1154.6 3727.9 2347.2 149.5 5717.0 3369.6 984.4 2385.2 2941.5 428.1 3012.5 395.1 113.4 281.7 36.1 26.3 0.0 654.1 219.3 434.8 368.8 803.6 13.6 149.9 83.6 90.7 4.9 33.5 45.9 1713.0 89.4 28.7 3.4 4.8 12.8 15.8 9.4 933.8 0.9 8.4 16.1 14.0 7.7 58.9 10.3 -22.5 171.3

2006
175.0 4857.4 5032.4 0.0 0.0 502.6 502.6 5535.0 3194.8 35.6 3159.2 914.9 1291.0 5400.7 2474.0 2976.6 2926.7 2467.1 720.8 4222.6 2608.3 236.1 8009.0 4811.4 4811.4 0.0 4222.4 589.0 4319.1 581.8 264.5 317.3 49.9 43.8 0.0 2066.7 223.6 1843.1 459.7 2302.8 9.1 218.3 166.1 59.1 4.0 10.8 20.0 2875.7 89.8 45.5 5.5 10.7 15.7 13.6 6.3 610.5 0.9 6.6 18.1 15.3 10.1 60.1 12.4 42.8 287.6

2007
175.0 7453.9 7628.9 0.0 0.0 627.7 627.7 8256.6 5583.0 28.0 5555.0 1380.8 1322.7 8286.5 2742.5 3370.2 5544.0 2550.3 2840.5 4520.0 2712.6 253.7 10999.1 5417.9 1496.4 3921.5 4689.0 728.9 4805.2 850.2 300.8 549.4 75.8 0.0 0.0 2721.6 473.6 2248.0 727.3 2975.3 7.6 302.2 253.9 44.2 5.0 17.4 24.4 4359.4 88.7 35.4 5.6 11.8 13.8 15.9 7.2 0.0 0.0 10.1 31.4 27.1 9.7 49.3 73.5 12.6 435.9

2008
175.0 6530.6 6705.6 0.0 0.0 1082.7 1082.7 7788.3 5570.4 38.3 5532.1 1140.9 2082.3 8793.6 3754.3 4837.0 5039.3 4044.1 1816.1 4837.7 2749.0 254.9 11542.6 6511.5 1570.0 4941.5 5420.6 1090.9 5875.9 1731.3 435.1 1296.2 75.5 81.8 0.0 -468.3 1138.9 -1607.2 1393.8 -213.4 13.9 234.2 178.8 72.1 11.2 -243.2 -653.1 3831.8 90.2 25.1 6.7 10.8 5.8 13.4 19.3 1492.3 1.2 19.9 74.1 69.8 9.4 56.4 136.0 20.2 383.2

2009
175.0 5011.1 5186.1 0.0 0.0 1829.5 1829.5 7015.6 4196.9 80.0 4116.9 1443.2 1894.0 7534.1 3151.7 4981.2 4382.4 3915.2 1045.2 4964.3 2633.1 251.3 10167.2 7452.4 1725.5 5726.9 6078.1 1374.3 6552.2 1124.0 667.5 456.5 86.4 0.0 21.9 -772.7 370.1 -1142.8 621.4 -521.4 26.1 239.0 179.0 96.0 4.5 -47.9 -119.2 2963.5 87.9 59.4 9.0 17.0 18.9 11.9 8.8 0.0 0.0 6.1 26.1 21.1 9.1 73.3 -64.8 14.4 296.3

137

Sapphire Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

200.8 2213.3 2414.1 0.0 0.0 940.3 940.3 3354.4 635.3 56.5 578.8 1428.1 1249.6 3313.0 2446.2 3386.5 866.8 2480.1 -1810.9 4211.9 2487.6 2584.3 5800.6 7796.6 3344.0 4452.6 7426.6 370.0 7522.8 385.4 127.3 258.1 57.6 30.1 0.0 391.2 170.4 220.8 2754.7 2975.5 28.0 135.4 84.4 140.3 4.4 43.6 92.6 1202.2 96.5 33.0 1.6 5.1 22.3 14.8 10.7 666.1 1.2 3.3 12.9 10.0 103.9 134.4 -49.4 30.6 120.2

2005
200.8 2919.5 3120.3 0.0 0.0 1187.6 1187.6 4307.9 904.6 41.3 863.3 1258.1 1860.9 4023.6 3006.4 4194.0 1017.2 3470.8 -2101.8 5210.5 3290.8 208.8 7314.4 5560.2 2241.2 3319.0 4955.9 604.3 5055.3 556.6 174.9 381.7 41.5 30.1 0.0 953.5 310.1 643.4 518.9 1162.3 27.6 133.8 71.9 134.4 5.2 32.5 44.6 1553.9 90.9 31.4 3.1 5.0 10.9 17.6 12.2 1130.2 1.0 6.9 19.0 16.9 8.4 76.0 47.3 -28.7 155.4

2006
200.8 3690.4 3891.2 0.0 0.0 934.4 934.4 4825.6 1959.7 33.3 1926.4 1423.7 1908.7 5292.1 4390.0 5324.4 902.1 4149.0 -2430.3 6143.5 3923.5 334.6 9215.6 8270.2 4215.3 4054.9 7505.4 764.8 7638.8 691.3 427.8 263.5 55.7 25.1 0.0 517.7 182.7 335.0 517.3 852.3 19.4 120.5 77.1 136.8 2.9 35.3 60.7 1937.8 92.4 61.9 5.2 10.3 21.1 14.3 6.8 827.9 0.6 3.2 13.1 10.3 10.2 89.7 -31.1 48.7 193.8

2007
200.8 5816.1 6016.9 0.0 0.0 734.9 734.9 6751.8 453.9 53.8 400.1 4614.1 1949.1 7017.1 4372.1 5107.0 2645.0 3839.9 -3918.2 6490.9 4107.0 387.1 11124.1 9124.8 4652.8 4472.0 8289.6 835.2 8433.2 787.2 467.5 319.7 64.6 0.0 0.0 1926.2 255.1 1671.1 642.2 2313.3 10.9 160.5 115.9 84.9 2.9 13.2 27.8 2996.5 92.4 59.4 5.1 12.2 20.2 14.0 5.3 0.0 0.0 3.5 15.9 12.7 9.9 82.0 21.4 10.3 299.6

2008
200.8 5375.7 5576.5 0.0 0.0 866.2 866.2 6442.7 207.6 66.9 140.7 4764.0 3278.7 8250.3 5880.6 6746.8 2369.7 5787.6 -5673.0 6999.2 4073.0 390.9 12323.3 9746.7 5129.5 4617.2 8618.6 1128.1 9176.5 1405.4 734.7 670.7 60.5 24.1 0.0 -309.1 586.1 -895.2 977.0 81.8 13.4 140.3 84.5 121.0 5.4 -189.6 1194.4 2777.1 94.1 52.3 7.5 12.7 9.0 11.6 12.0 2532.0 0.4 6.9 33.4 30.4 9.5 79.1 110.1 6.8 277.7

2009
200.8 4251.6 4452.4 0.0 0.0 702.7 702.7 5155.1 2284.5 87.2 2197.3 1357.2 2593.8 6235.5 5026.9 5729.6 1208.6 4659.1 -2742.4 7358.4 3946.5 396.0 10182.0 11744.3 5202.9 6541.4 10012.9 1731.4 10774.0 1121.8 847.7 274.1 77.3 30.1 0.0 -1287.6 166.7 -1454.3 562.7 -891.6 13.6 124.0 72.4 128.7 2.7 -12.9 -63.1 2217.3 91.7 75.6 7.2 18.2 28.2 9.4 6.2 653.8 0.7 2.3 13.7 9.8 9.7 115.3 -59.0 20.5 221.7

138

Sargodha Spinning Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

312.0 73.2 385.2 0.0 0.0 207.9 207.9 593.1 1.6 0.4 1.2 106.8 142.2 250.6 351.3 559.2 -100.7 264.6 -349.7 1374.7 693.8 46.7 944.4 1502.6 1216.6 286.0 1442.8 59.8 1473.1 29.7 15.2 14.5 6.7 0.0 0.0 106.2 7.8 98.4 54.5 152.9 35.1 71.3 30.9 145.2 1.5 7.3 35.6 123.5 98.0 51.2 1.0 5.7 46.2 3.1 3.8 0.0 1.0 0.5 0.3 8.3 159.1 -44.4 16.1 12.3

2005
312.0 116.0 428.0 0.0 0.0 227.3 227.3 655.3 3.3 1.7 1.6 75.0 185.3 263.6 356.1 583.4 -92.5 453.3 -352.8 1458.8 747.9 38.7 1011.5 1070.2 809.4 260.8 977.7 92.5 1006.4 65.4 16.9 48.5 4.8 0.0 0.0 62.2 43.7 18.5 82.4 100.9 34.7 74.0 22.0 136.3 4.8 70.3 81.7 137.2 94.0 25.8 1.6 3.7 9.9 4.0 11.3 0.0 4.5 1.6 1.4 5.6 105.8 220.0 -28.8 13.7

2006
312.0 160.0 472.0 0.0 0.0 245.3 245.3 717.3 1.1 0.6 0.5 146.3 200.0 347.4 429.1 674.4 -81.7 555.4 -428.0 1547.8 798.9 54.5 1146.3 1431.0 1098.3 332.7 1280.8 150.2 1337.1 95.9 38.6 57.3 7.2 0.0 0.0 62.0 50.1 11.9 104.6 116.5 34.2 81.0 34.4 142.9 5.0 80.8 89.8 151.3 93.4 40.3 2.7 6.9 12.6 6.5 12.1 0.0 0.0 4.0 1.8 1.6 7.3 124.8 12.5 33.7 15.1

2007
312.0 69.6 381.6 0.0 0.0 220.8 220.8 602.4 1.9 1.0 0.9 121.1 149.7 272.7 491.5 712.3 -218.8 417.8 -489.6 1572.2 821.2 62.1 1093.9 1349.2 880.0 469.2 1309.6 39.6 1373.2 -23.7 59.8 -83.5 6.8 0.0 0.0 -114.9 -90.3 -24.6 -28.2 -52.8 36.7 55.5 25.0 186.7 -7.6 78.6 53.4 122.3 101.8 -252.3 4.4 14.3 -8.1 4.5 -21.9 0.0 0.0 -6.2 -2.7 -2.9 7.8 123.3 -250.0 -5.7 12.2

2008
312.0 364.7 676.7 0.0 0.0 205.0 205.0 881.7 2.2 1.7 0.5 89.8 191.6 283.6 496.5 701.5 -212.9 432.4 -494.3 1897.4 1094.5 58.9 1378.1 1505.5 1182.4 323.1 1437.1 68.4 1494.0 12.2 63.9 -51.7 7.5 0.0 0.0 279.3 -59.2 338.5 -0.3 338.2 23.3 57.1 18.5 103.7 -3.8 -21.2 -0.1 216.9 99.2 523.8 4.2 14.8 -14.5 2.3 -7.6 0.0 0.0 -3.4 -1.7 -1.9 7.2 109.2 -37.0 11.6 21.7

2009
312.0 239.1 551.1 0.0 0.0 148.7 148.7 699.8 2.7 2.5 0.2 69.6 107.3 179.6 522.5 671.2 -342.9 410.9 -519.8 1899.4 1042.7 53.3 1222.3 1402.2 917.1 485.1 1386.3 15.9 1449.9 -47.4 76.1 -123.5 5.0 0.0 0.0 -181.9 -128.5 -53.4 -75.2 -128.6 21.2 34.4 13.8 121.8 -10.1 70.6 58.5 176.6 103.4 -160.5 5.4 18.5 -4.0 1.1 -22.4 0.0 0.0 -8.8 -4.0 -4.1 4.9 114.7 135.3 -6.9 17.7

139

Saritow Spinning Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

132.8 -55.3 77.5 0.0 0.0 100.7 100.7 178.2 0.6 0.6 0.0 138.1 57.5 196.2 247.0 347.7 -50.8 178.1 -246.4 523.3 229.0 14.3 425.2 304.0 303.5 0.5 289.7 14.3 306.4 -1.4 10.6 -12.0 1.3 0.0 0.0 -168.4 -13.3 -155.1 1.0 -154.1 56.5 79.4 56.2 448.6 -2.8 58.4 100.8 3.5 6.0 0.6 -15.5 0.0 -3.9 -0.9 -1.0 3.5 71.5 -76.9 -58.7 5.8

2005
132.8 -42.8 90.0 0.0 0.0 126.7 126.7 216.7 1.5 1.5 0.0 122.3 109.7 233.5 258.9 385.6 -25.4 200.3 -257.4 546.3 242.1 9.9 475.6 289.5 289.5 0.0 258.9 30.6 268.4 21.3 8.1 13.2 1.5 0.0 0.0 38.5 11.7 26.8 21.6 48.4 58.5 90.2 47.8 428.4 2.8 30.4 44.6 67.8 92.7 38.0 2.8 4.0 11.4 3.7 14.7 0.0 4.6 1.0 0.9 4.3 60.9 -211.1 -4.8 6.8

2006
132.8 -44.0 88.8 0.0 0.0 111.3 111.3 200.1 3.7 3.7 0.0 196.6 162.4 362.7 398.0 509.3 -35.3 282.0 -394.3 553.6 235.3 12.6 598.0 411.3 411.3 0.0 357.5 53.8 372.5 39.3 31.2 8.1 2.9 0.0 0.0 -16.6 5.2 -21.8 17.8 -4.0

2007
132.8 -49.9 82.9 0.0 0.0 108.7 108.7 191.6 6.6 6.6 0.0 195.3 156.3 358.2 409.7 518.4 -51.5 263.4 -403.1 570.7 243.1 12.4 601.3 464.5 464.5 0.0 404.0 60.5 419.5 45.3 39.2 6.1 2321.2 0.0 0.0 -8.5 -2315.1 2306.6 -2302.7 3.9

2008
132.8 -11.2 121.6 0.0 0.0 141.0 141.0 262.6 6.1 6.1 0.0 108.7 188.6 303.4 332.6 473.6 -29.2 308.3 -326.5 633.6 291.7 14.1 595.1 450.6 450.6 0.0 388.7 61.9 405.9 45.3 34.7 10.6 2.3 0.0 0.0 71.0 8.3 62.7 22.4 85.1 53.7 91.2 34.5 389.5 1.8 11.7 26.3 91.6 90.1 76.6 7.7 11.3 21.7 1.8 8.7 0.0 0.0 2.4 0.8 0.6 5.8 75.7 60.0 -3.0 9.2

2009
132.8 -15.2 117.6 0.0 0.0 76.1 76.1 193.7 4.5 4.5 0.0 52.7 174.4 231.6 376.7 452.8 -145.1 224.3 -372.2 690.4 338.7 15.4 570.3 472.0 472.0 0.0 431.5 40.5 449.5 22.9 49.9 -27.0 0.0 0.0 0.0 -68.9 -27.0 -41.9 -11.6 -53.5 39.3 61.5 15.2 385.0 -4.7 39.2 21.7 88.6 95.2 217.9 10.6 22.2 0.0 0.0 -23.0 0.0 0.0 -5.7 -2.0 -2.0 5.3 82.8 -350.0 4.7 8.9

55.6 56.7 91.1 87.4 50.3 49.3 573.5 625.3 1.4 1.0 -31.3 27236.5 -445.0 -59043.6 66.9 62.4 90.6 90.3 79.4 86.5 7.6 8.4 11.1 14.9 35.8 38052.5 1.6 16.7 9.1 7.4 0.0 0.0 2.0 0.6 0.4 5.2 68.8 -40.0 42.1 6.7 0.0 0.0 1.3 0.5 -174.3 5.3 77.2 -16.7 12.9 6.2

140

Service Fabrics Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

157.5 -557.6 -400.1 0.0 0.0 434.5 434.5 34.4 5.7 5.7 0.0 45.6 0.0 51.3 437.1 871.6 -385.8 765.4 -431.4 725.1 420.0 46.4 471.3 221.0 98.4 122.6 271.2 -50.2 297.6 -75.9 30.3 -106.2 0.2 0.0 0.0 0.0 -106.4 106.4 -60.0 46.4 1263.1 11.7 11.7 -22.5 -129.3 -254.0 134.7 13.7 4.0 2.7 -48.1 -6.7 -6.8 10.0 46.9 0.0 0.0 -25.4

2005
157.5 -557.6 -400.1 0.0 0.0 434.5 434.5 34.4 5.7 5.7 0.0 45.6 0.0 51.3 437.1 871.6 -385.8 765.4 -431.4 725.1 420.0 46.4 471.3 221.0 98.4 122.6 271.2 -50.2 297.6 -75.9 30.3 -106.2 0.2 0.0 0.0 0.0 -106.4 106.4 -60.0 46.4 1263.1 11.7 11.7 -22.5 -129.3 -254.0 134.7 13.7 4.0 2.7 -48.1 -6.7 -6.8 10.0 46.9 0.0 0.0 -25.4

2006
157.5 -391.8 -234.3 0.0 0.0 0.0 0.0 -234.3 0.1 0.1 0.0 1.7 2.0 3.8 368.4 368.4 -364.6 27.9 -368.3 178.1 130.3 0.0 134.1 0.0 0.0 0.0 0.0 0.0 0.6 1.4 0.2 1.2 0.0 0.0 0.0 -268.7 1.2 -269.9 1.2 -268.7 0.0 1.0 0.5 0.0 0.9 -0.4 -0.4 -148.8 0.0 14.3 0.0 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.0 0.0 -101.5 -100.0 -14.9

2007
157.5 -378.9 -221.4 0.0 0.0 0.0 0.0 -221.4 0.0 0.0 0.0 0.0 0.0 0.0 221.4 221.4 -221.4 9.2 -221.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13.0 0.2 12.8 1.8 0.0 0.0 12.9 11.0 1.9 11.0 12.9 0.0 0.0 0.0 0.0 0.0 85.3 85.3 -140.6 0.0 0.0 0.0 2.2 14.1 0.0 0.0 0.0 0.0 0.0 0.8 0.7 0.0 0.0 700.0 -14.1

2008
157.5 -379.1 -221.6 0.0 0.0 142.5 142.5 -79.1 0.0 0.0 0.0 0.0 0.0 0.0 79.1 221.6 -79.1 142.5 -79.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 -0.1 0.1 -0.2 0.0 0.0 0.0 142.3 -0.2 142.5 -0.2 142.3 0.0 0.0 0.0 0.0 0.0 -0.1 -0.1 -140.7 0.0 -100.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -100.0 -14.1

2009
157.5 -379.3 -221.8 0.0 0.0 9.4 9.4 -212.4 0.0 0.0 0.0 0.0 0.0 0.0 212.3 221.7 -212.3 9.4 -212.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 -0.1 0.1 -0.2 0.0 0.0 0.0 -133.3 -0.2 -133.1 -0.2 -133.3 0.0 0.0 0.0 0.0 0.0 0.2 0.2 -140.8 0.0 -100.0 0.0 1.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -14.1

141

Service Industries Textiles Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

44.5 -132.7 -88.2 0.0 0.0 143.3 143.3 55.1 0.4 0.4 0.0 1.7 60.9 63.0 273.8 417.1 -210.8 221.5 -273.4 306.9 265.8 41.2 328.8 309.6 309.6 0.0 297.2 12.4 309.2 23.3 10.5 12.8 1.5 0.0 1.5 24.6 11.3 13.3 52.5 65.8 260.1 23.0 0.8 3.9 45.9 79.8 -198.2 99.9 45.1 3.4 4.7 11.7 0.0 4.1 2.9 2.5 19.3 94.2 -270.6 -8.9 -19.8

2005
44.5 -85.8 -41.3 0.0 0.0 91.7 91.7 50.4 0.5 0.5 0.0 2.0 51.7 54.2 286.1 377.8 -231.9 226.3 -285.6 334.9 282.3 12.2 336.5 318.5 318.5 0.0 315.3 3.2 326.9 -7.9 10.4 -18.3 1.4 0.0 0.0 -4.7 -19.7 15.0 -7.5 7.5 181.9 18.9 0.9 -5.4 -100.0 -92.8 102.6 3.3 4.6 0.0 -5.7 -4.1 -4.4 4.6 94.7 -241.4 2.9 -9.3

2006
44.5 -83.4 -38.9 0.0 0.0 13.3 13.3 -25.6 2.4 2.4 0.0 4.7 45.9 53.0 303.5 316.8 -250.5 200.5 -301.1 296.3 224.9 21.3 277.9 274.4 274.4 0.0 275.8 -1.4 288.6 38.5 19.9 18.6 1.4 0.0 0.0 -76.0 17.2 -93.2 38.5 -54.7 0.0 17.5 2.3 0.0 6.7 -22.6 -70.4 -87.4 105.2 51.7 7.3 9.9 7.5 0.0 0.0 0.0 0.0 6.8 4.2 3.9 7.5 98.7 -202.4 -13.8 -8.7

2007
44.5 -202.1 -157.6 0.0 0.0 10.6 10.6 -147.0 0.4 0.4 0.0 4.5 67.4 72.3 420.1 430.7 -347.8 203.9 -419.7 288.3 200.8 20.0 273.1 245.6 245.6 0.0 276.1 -30.5 291.8 -45.4 26.6 -72.0 1.2 0.0 0.0 -121.4 -73.2 -48.2 -53.2 -101.4 0.0 17.2 1.2 0.0 -26.4 60.3 52.5 -354.2 118.8 -58.6 10.8 13.0 -1.7 0.0 0.0 0.0 0.0 -29.3 -16.2 -16.4 8.9 89.9 -485.7 -10.5 -35.4

2008
44.5 -233.3 -188.8 0.0 0.0 128.1 128.1 -60.7 1.1 1.1 0.0 4.0 5.6 10.7 247.9 376.0 -237.2 252.0 -246.8 270.8 176.4 14.4 187.1 192.8 192.8 0.0 198.8 -6.0 212.5 -18.6 18.1 -36.7 1.0 0.0 15.4 86.3 -37.7 124.0 -23.3 100.7 0.0 4.3 2.1 0.0 -19.6 -43.7 -23.1 -424.3 110.2 -97.3 9.4 7.2 -2.7 0.0 0.0 0.0 0.0 -19.0 -8.2 -8.5 7.2 103.0 -49.4 -21.5 -42.4

2009
44.5 -225.3 -180.8 0.0 0.0 78.1 78.1 -102.7 1.2 1.2 0.0 4.5 17.3 23.0 284.1 362.2 -261.1 168.4 -282.9 257.4 158.3 99.1 181.3 242.9 242.9 0.0 249.2 -6.3 258.6 -12.4 24.3 -36.7 0.0 0.0 0.0 -42.0 -36.7 -5.3 62.4 57.1 0.0 8.1 2.0 0.0 -20.2 87.4 109.3 -406.3 106.5 -196.0 10.0 14.4 0.0 0.2 0.0 0.0 0.0 -15.1 -8.2 -8.2 56.2 134.0 0.0 26.0 -40.6

142

Shadab Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

30.0 63.3 93.3 0.0 0.0 66.2 66.2 159.5 1.1 1.1 0.0 60.9 83.0 145.0 143.5 209.7 1.5 148.1 -142.4 296.7 158.0 17.5 303.0 703.2 703.2 0.0 656.4 46.8 676.1 27.9 7.8 20.1 3.0 0.0 0.0 25.1 17.1 8.0 34.6 42.6 41.5 101.0 43.2 224.8 6.6 68.1 81.2 311.0 96.1 28.0 1.1 5.3 14.9 4.1 21.5 0.0 2.9 6.7 5.7 13.0 232.1 19.6 0.0 31.1

2005
30.0 85.7 115.7 0.0 0.0 94.6 94.6 210.3 4.7 4.7 0.0 56.8 68.5 130.0 116.8 211.4 13.2 167.3 -112.1 346.1 197.1 14.6 327.1 563.5 563.5 0.0 513.1 50.4 527.7 36.1 10.3 25.8 2.5 0.0 0.0 50.8 23.3 27.5 37.9 65.4 45.0 111.3 52.7 182.7 7.9 45.9 58.0 385.7 93.6 28.5 1.8 6.2 9.7 4.8 22.3 0.0 4.6 8.6 7.8 9.2 172.3 28.4 -19.9 38.6

2006
30.0 109.8 139.8 0.0 0.0 141.6 141.6 281.4 1.1 1.1 0.0 112.3 35.6 149.0 142.4 284.0 6.6 231.9 -141.3 446.8 274.9 20.7 423.9 684.4 684.4 0.0 612.9 71.5 634.2 50.7 20.2 30.5 3.4 3.8 0.0 71.1 23.3 47.8 44.0 91.8 50.3 104.6 79.6 203.1 7.2 32.8 47.9 466.0 92.7 39.8 3.0 8.7 11.1 3.1 21.8 713.2 2.7 4.5 10.2 9.0 10.5 161.5 18.6 21.5 46.6

2007
30.0 82.7 112.7 0.0 0.0 135.8 135.8 248.5 1.7 1.7 0.0 25.1 67.4 94.2 156.6 292.4 -62.4 213.7 -154.9 467.9 310.8 26.3 405.0 705.8 701.1 4.7 654.9 50.9 676.4 29.9 26.6 3.3 3.5 0.0 0.0 -32.9 -0.2 -32.7 26.1 -6.6 54.6 60.2 17.1 259.4 0.8 0.6 -395.5 375.7 95.8 89.0 3.8 12.4 106.1 9.5 2.9 0.0 0.0 0.5 1.1 -0.1 9.6 174.3 -89.2 3.1 37.6

2008
30.0 81.9 111.9 0.0 0.0 133.9 133.9 245.8 0.8 0.8 0.0 45.4 127.3 173.5 215.2 349.1 -41.7 254.2 -214.4 512.3 287.4 31.2 460.9 868.9 868.9 0.0 817.9 51.0 840.2 29.0 32.1 -3.1 4.3 0.0 0.0 -2.7 -7.4 4.7 23.8 28.5 54.5 80.6 21.5 312.0 -0.7 274.1 83.5 373.0 96.7 110.7 3.7 12.6 -138.7 1.5 -2.8 0.0 0.0 -0.4 -1.0 -2.5 10.0 188.5 -190.9 23.1 37.3

2009
30.0 53.6 83.6 0.0 0.0 74.9 74.9 158.5 2.0 2.0 0.0 51.4 119.0 172.4 281.9 356.8 -109.5 269.9 -279.9 564.9 268.1 29.4 440.5 874.4 871.8 2.6 849.7 24.7 872.8 1.8 43.7 -41.9 0.0 0.0 0.0 -87.3 -41.9 -45.4 -12.5 -57.9 47.3 61.2 18.9 426.8 -9.5 48.0 21.6 278.7 99.8 2427.8 5.0 16.2 0.0 2.6 -50.1 0.0 0.0 -4.8 -14.0 -14.0 10.2 198.5 1300.0 0.6 27.9

143

Shadman Cotton Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

176.4 253.3 429.7 0.0 0.0 432.6 432.6 862.3 11.7 11.7 0.0 526.9 593.8 1132.4 1167.0 1599.6 -34.6 1405.8 -1155.3 1519.4 896.8 90.7 2029.2 2690.0 1874.3 815.7 2557.0 133.0 2612.0 79.7 63.9 15.8 12.0 0.0 0.0 266.5 3.8 262.7 94.5 357.2 50.2 97.0 46.2 372.3 0.8 1.4 26.5 243.6 97.1 80.2 2.4 4.5 75.9 11.2 3.7 0.0 0.6 0.9 0.2 13.3 132.6 -75.7 45.8 24.4

2005
176.4 269.4 445.8 0.0 0.0 459.6 459.6 905.4 20.3 20.3 0.0 347.4 713.6 1081.3 1077.4 1537.0 3.9 1423.6 -1057.1 1586.2 901.5 63.8 1982.8 1970.9 1530.6 440.3 1833.2 137.7 1879.7 93.4 75.4 18.0 8.8 0.0 0.0 43.1 9.2 33.9 73.0 106.9 50.8 100.4 34.1 344.8 0.9 21.3 68.3 252.7 95.4 80.7 3.8 5.3 48.9 12.6 4.0 0.0 0.9 1.0 0.5 7.1 99.4 11.1 -26.7 25.3

2006
176.4 269.1 445.5 0.0 0.0 295.6 295.6 741.1 7.6 7.6 0.0 304.1 596.3 908.0 1141.6 1437.2 -233.6 1255.7 -1134.0 1747.3 974.6 88.2 1882.6 2464.0 1640.1 823.9 2251.6 212.4 2313.1 151.8 142.2 9.6 12.7 0.0 0.0 -164.3 -3.1 -161.2 85.1 -76.1 39.9 79.5 27.3 322.6 0.5 1.9 -111.8 252.6 93.9 93.7 5.8 11.3 132.3 10.1 2.2 0.0 0.0 0.4 0.5 -0.2 9.8 130.9 -50.0 25.0 25.3

2007
176.4 106.1 282.5 0.0 0.0 309.2 309.2 591.7 7.2 7.2 0.0 458.1 450.8 916.1 1231.9 1541.1 -315.8 1219.0 -1224.7 1771.0 907.6 94.2 1823.7 2389.7 1704.5 685.2 2247.2 142.5 2314.1 80.2 157.5 -77.3 12.2 0.0 0.0 -149.4 -89.5 -59.9 4.7 -55.2 52.3 74.4 37.8 545.5 -4.2 59.9 -8.5 160.1 96.8 196.4 6.6 12.9 -15.8 12.7 -27.4 0.0 0.0 -3.2 -4.4 -5.1 9.7 131.0 -980.0 -3.0 16.0

2008
176.4 32.1 208.5 0.0 0.0 397.8 397.8 606.3 5.4 5.4 0.0 408.5 855.1 1269.0 1624.0 2021.8 -355.0 1649.8 -1618.6 1847.1 961.4 89.4 2230.4 2904.7 2348.4 556.3 2735.1 169.6 2806.3 102.2 161.8 -59.6 14.4 0.0 0.0 14.6 -74.0 88.6 15.4 104.0 65.6 78.1 25.5 969.7 -2.7 -506.8 14.8 118.2 96.6 158.3 5.6 9.8 -24.2 8.0 -28.6 0.0 0.0 -2.1 -3.4 -4.2 9.6 130.2 -22.7 21.6 11.8

2009
176.4 405.2 581.6 0.0 0.0 251.7 251.7 833.3 18.6 14.3 4.3 456.2 626.9 1101.7 1866.7 2118.4 -765.0 1498.4 -1848.1 2633.1 1598.4 87.0 2700.1 3215.3 2559.9 655.4 3070.5 144.8 3155.1 65.3 253.4 -188.1 6.8 0.0 0.0 227.0 -194.9 421.9 -107.9 314.0 30.2 59.0 25.4 364.2 -7.0 -85.9 -34.4 329.7 98.1 388.1 7.9 16.9 -3.6 8.6 -32.3 0.0 0.0 -5.9 -10.7 -11.0 9.0 119.1 214.7 10.7 33.0

144

Shaheen Cotton Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

117.8 195.3 313.1 0.0 0.0 28.1 28.1 341.2 60.4 25.6 34.8 36.8 83.4 180.6 302.9 331.0 -122.3 28.1 -242.5 830.5 463.4 24.3 644.0 828.0 723.9 104.1 795.1 32.9 825.2 3.9 32.1 -28.2 4.1 0.0 0.0 95.7 -32.3 128.0 -8.0 120.0 8.2 59.6 32.1 105.7 -4.4 -33.8 -6.7 265.8 99.7 823.1 3.9 114.2 0.0 -9.0 0.0 -3.4 -2.4 -2.7 5.1 128.6 60.0 5.7 26.6

2005
147.3 229.5 376.8 0.0 0.0 62.5 62.5 439.3 87.1 6.1 81.0 45.1 113.3 245.5 334.6 397.1 -89.1 205.8 -247.5 916.1 528.3 20.7 773.8 706.8 489.6 217.2 639.8 67.0 674.4 33.6 21.8 11.8 3.2 0.0 0.0 98.1 8.6 89.5 29.3 118.8 14.2 73.4 39.5 105.4 1.5 8.8 24.7 255.8 95.4 64.9 3.1 10.6 27.1 0.8 3.1 0.0 1.7 0.8 0.6 4.5 91.3 -133.3 -14.6 25.6

2006
147.3 240.2 387.5 0.0 0.0 50.1 50.1 437.6 69.6 11.5 58.1 34.2 152.4 256.2 334.7 384.8 -78.5 216.7 -265.1 930.0 516.1 27.1 772.3 890.3 590.5 299.8 814.0 76.3 855.2 41.0 37.8 3.2 4.5 0.0 0.0 -1.7 -1.3 -0.4 25.8 25.4 11.4 76.5 31.0 99.3 0.4 76.5 101.6 263.1 96.1 92.2 4.2 17.4 140.6 1.1 0.8 0.0 0.0 0.4 0.2 -0.1 5.1 115.3 -75.0 26.0 26.3

2007
147.3 107.0 254.3 0.0 0.0 32.2 32.2 286.5 61.9 14.4 47.5 35.1 75.5 172.5 377.9 410.1 -205.4 117.9 -316.0 931.9 491.8 26.3 664.3 935.5 619.2 316.3 877.6 57.9 919.1 17.8 29.7 -11.9 4.7 0.0 0.0 -151.1 -16.6 -134.5 9.7 -124.8 11.2 45.6 25.7 161.3 -1.8 11.0 -7.8 172.6 98.2 166.9 3.2 25.2 -39.5 0.2 -4.7 0.0 0.0 -1.3 -0.8 -1.1 5.1 140.8 -500.0 5.1 17.3

2008
147.3 133.7 281.0 0.0 0.0 117.8 117.8 398.8 66.0 11.2 54.8 33.7 189.1 288.8 419.3 537.1 -130.5 132.6 -353.3 994.0 529.3 25.2 818.1 1054.2 700.7 353.5 1023.8 30.4 1061.4 -7.1 31.9 -39.0 5.3 0.0 0.0 112.3 -44.3 156.6 -19.1 137.5 29.5 68.9 23.8 191.1 -4.8 -39.4 -13.9 190.8 100.7 -449.3 3.0 24.1 -13.6 0.6 -13.9 0.0 0.0 -3.7 -2.6 -3.0 5.1 128.9 225.0 12.7 19.1

2009
147.3 27.2 174.5 0.0 0.0 49.3 49.3 223.8 13.1 1.4 11.7 38.1 76.1 127.3 408.6 457.9 -281.3 132.5 -395.5 991.8 505.1 23.8 632.4 825.3 311.2 514.1 804.7 20.6 888.7 -62.8 48.9 -111.7 5.1 0.0 0.0 -175.0 -116.8 -58.2 -93.0 -151.2 22.0 31.2 12.5 262.4 -17.7 66.7 61.5 118.5 107.7 -77.9 5.9 36.9 -4.6 0.3 -64.0 0.0 0.0 -13.5 -7.6 -7.9 4.5 130.5 192.3 -21.7 11.8

145

Shahpur Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

-

2005
-

2006
139.8 -123.3 16.5 0.0 0.0 140.0 140.0 156.5 2.2 2.2 0.0 17.4 82.7 102.3 344.8 484.8 -242.5 201.6 -342.6 85.0 398.9 28.9 501.2 569.8 564.4 5.4 556.2 13.6 568.8 6.7 43.5 -36.8 2.9 0.0 0.0 -39.7 -10.8 89.5 29.7 5.7 2938.2 -7.3 0.0 0.0 11.8 99.8 649.3 7.6 21.6 -7.9 2.7 -223.0 0.0 0.0 -6.5 -2.6 -2.8 8.2 113.7 -360.0 1.2

2007
139.8 -165.8 -26.0 0.0 0.0 141.0 141.0 115.0 2.7 2.7 0.0 36.6 52.9 92.2 420.1 561.1 -327.9 214.5 -417.4 823.8 443.0 28.5 535.2 471.0 471.0 0.0 506.7 -35.7 517.4 -33.8 29.9 -63.7 2.4 0.0 0.0 -66.1 -37.6 122.6 21.9 9.4 0.0 -11.9 0.0 0.0 -18.6 109.9 -88.5 6.3 13.9 -3.8 2.3 0.0 0.0 0.0 -13.5 -4.6 -4.7 6.1 88.0 -560.0 -1.9

2008
139.8 -151.9 -12.1 0.0 0.0 36.0 36.0 23.9 0.0 0.0 0.0 28.0 43.4 71.4 452.6 488.6 -381.2 208.0 -452.6 816.1 405.1 467.6 476.5 300.6 300.6 0.0 329.7 -29.1 342.0 47.7 37.5 10.2 0.0 0.0 0.0 10.2 477.8 150.6 15.8 6.2 0.0 2.1 0.0 0.0 -8.7 113.8 78.6 12.5 18.0 0.0 0.4 0.0 0.0 0.0 3.4 0.7 0.7 105.6 63.1 -30.0 -0.9

2009
139.8 -151.9 -12.1 0.0 0.0 36.0 36.0 23.9 0.0 0.0 0.0 28.0 43.4 71.4 452.6 488.6 -381.2 208.0 -452.6 816.1 405.1 467.6 476.5 300.6 300.6 0.0 329.7 -29.1 342.0 47.7 37.5 10.2 0.0 0.0 0.0 0.0 10.2 -10.2 477.8 467.6 150.6 15.8 6.2 0.0 2.1 0.0 102.2 -8.7 113.8 78.6 12.5 18.0 0.0 0.4 0.0 0.0 0.0 3.4 0.7 0.7 105.6 63.1 0.0 0.0 -0.9

146

Shahtaj Textile Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

84.0 408.4 492.4 0.0 0.0 307.2 307.2 799.6 28.5 28.5 0.0 257.6 127.4 413.5 369.6 676.8 43.9 598.7 -341.1 1050.0 755.7 59.9 1169.2 1111.9 861.9 250.0 1050.1 61.8 1080.6 35.7 15.3 20.4 5.8 12.3 12.6 203.9 2.3 201.6 62.2 263.8 38.4 111.9 77.4 137.4 1.7 1.1 23.6 586.2 97.2 42.9 1.4 2.6 28.4 18.4 4.1 118.7 2.5 1.8 2.4 1.7 10.3 95.1 -42.9 36.7 58.6

2005
96.6 388.8 485.4 0.0 0.0 241.8 241.8 727.2 6.0 6.0 0.0 259.8 136.1 401.9 385.0 626.8 16.9 558.4 -379.0 1061.5 710.4 57.0 1112.3 1195.9 663.4 532.5 1126.6 69.3 1164.9 37.1 33.7 3.4 5.5 6.3 12.6 -72.4 -8.4 -64.0 48.6 -15.4 33.3 104.4 69.0 129.1 0.3 502.5 97.4 90.8 2.8 6.0 161.8 17.1 0.7 -33.3 1.3 0.3 0.4 -0.2 7.5 107.5 -83.3 7.6 50.2

2006
96.6 303.9 400.5 0.0 0.0 220.0 220.0 620.5 11.5 11.5 0.0 325.7 130.4 467.6 601.5 821.5 -133.9 593.0 -590.0 1179.1 754.3 74.0 1221.9 1568.3 307.8 1260.5 1402.0 166.3 1463.2 115.7 58.4 57.3 8.3 19.3 0.0 -106.7 29.7 -136.4 103.7 -32.7 35.5 77.7 56.1 205.1 4.7 -27.8 -317.1 414.6 93.3 50.5 3.7 9.8 14.5 15.1 14.3 253.9 4.8 3.7 5.9 5.1 10.4 128.3 1375.0 31.1 41.5

2007
96.6 319.0 415.6 0.0 0.0 346.1 346.1 761.7 15.3 15.3 0.0 400.5 153.0 568.8 524.7 870.8 44.1 699.9 -509.4 1187.2 717.5 75.7 1286.3 1752.6 106.2 1646.4 1592.4 160.2 1657.1 105.9 67.4 38.5 9.9 0.0 0.0 141.2 28.6 112.6 104.3 216.9 45.4 108.4 79.2 209.5 3.0 20.3 48.1 430.2 94.6 63.6 3.8 9.6 25.7 19.3 9.3 0.0 0.0 2.2 4.0 3.0 10.0 136.3 -32.2 11.8 43.0

2008
96.6 272.4 369.0 0.0 0.0 400.5 400.5 769.5 35.2 35.2 0.0 527.8 184.0 747.0 735.7 1136.2 11.3 928.2 -700.5 918.4 758.3 70.5 1505.3 1984.1 178.6 1805.5 1854.9 129.2 1917.7 82.9 67.2 15.7 12.1 0.0 0.0 7.8 3.6 4.2 74.1 78.3 52.0 101.5 76.5 307.9 1.0 46.2 94.6 382.0 96.7 81.1 3.4 7.2 77.1 23.2 4.3 0.0 0.0 0.8 1.6 0.4 9.8 131.8 -60.0 13.2 38.2

2009
96.6 302.6 399.2 0.0 0.0 256.7 256.7 655.9 3.2 3.2 0.0 573.5 174.0 750.7 791.4 1048.1 -40.7 672.3 -788.2 1244.0 696.6 75.8 1447.3 2424.4 188.0 2236.4 2153.9 270.5 2296.0 153.3 102.8 50.5 16.8 19.3 0.0 -113.6 14.4 -128.0 90.2 -37.8 39.1 94.9 72.9 262.6 3.5 -12.7 -238.6 413.3 94.7 67.1 4.2 15.3 33.3 21.1 12.7 174.6 4.8 2.1 5.2 3.5 10.0 167.5 225.0 22.2 41.3

147

Shahzad Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

135.5 366.8 502.3 0.0 0.0 188.6 188.6 690.9 18.9 10.1 8.8 217.2 101.6 337.7 174.2 362.8 163.5 286.5 -155.3 895.8 527.4 27.8 865.1 906.6 518.3 388.3 837.2 69.4 885.0 26.6 4.9 21.7 4.5 0.0 0.0 -36.3 17.2 -53.5 45.0 -8.5 27.3 193.9 135.5 72.2 2.5 370.7 97.6 18.4 0.5 1.7 20.7 4.4 4.3 0.0 2.4 1.6 1.3 5.1 104.8 -260.0 17.5 37.1

2005
135.5 371.9 507.4 0.0 0.0 226.0 226.0 733.4 37.4 2.3 35.1 191.7 97.6 326.7 207.0 433.0 119.7 369.1 -169.6 1005.4 613.7 23.8 940.4 743.0 450.4 292.6 679.2 63.8 722.4 24.6 17.8 6.8 3.5 0.0 0.0 42.5 3.3 39.2 27.1 66.3 30.8 157.8 110.7 85.3 0.7 7.8 40.9 374.5 97.2 72.4 2.4 4.8 51.5 2.8 1.3 0.0 0.9 0.5 0.2 4.5 79.0 -68.8 -18.0 37.4

2006
135.5 300.9 436.4 0.0 0.0 275.3 275.3 711.7 11.1 2.9 8.2 196.6 103.2 310.9 340.8 616.1 -29.9 449.8 -329.7 1158.1 741.6 35.6 1052.5 921.0 694.3 226.7 815.7 105.3 865.7 68.2 39.1 29.1 4.6 0.0 0.0 -21.7 24.5 -46.2 60.1 13.9 38.7 91.2 60.9 141.2 2.8 -112.9 432.4 322.1 94.0 57.3 4.2 8.7 15.8 2.5 6.7 0.0 0.0 3.2 2.1 1.8 5.8 87.5 320.0 24.0 32.2

2007
135.5 300.9 436.4 0.0 0.0 275.3 275.3 711.7 11.1 2.9 8.2 196.6 103.2 310.9 340.8 616.1 -29.9 449.8 -329.7 1158.1 741.6 35.6 1052.5 921.0 694.3 226.7 815.7 105.3 865.7 68.2 39.1 29.1 4.6 0.0 0.0 0.0 24.5 -24.5 60.1 35.6 38.7 91.2 60.9 141.2 2.8 0.0 168.8 322.1 94.0 57.3 4.2 8.7 15.8 2.5 6.7 0.0 0.0 3.2 2.1 1.8 5.8 87.5 0.0 0.0 32.2

2008
135.5 369.4 504.9 0.0 0.0 238.0 238.0 742.9 17.9 4.5 13.4 173.8 145.6 337.3 403.9 641.9 -66.6 355.5 -386.0 1273.0 809.5 34.2 1146.8 1206.3 840.6 365.7 1154.3 52.0 1202.1 46.9 42.8 4.1 6.0 0.0 0.0 31.2 -1.9 33.1 32.3 65.4 32.0 83.5 47.5 127.1 0.4 -6.1 49.4 372.6 99.7 91.3 3.5 12.0 146.3 1.3 0.8 0.0 0.0 0.3 0.3 -0.1 4.6 105.2 -85.7 31.0 37.3

2009
135.5 401.5 537.0 0.0 0.0 264.4 264.4 801.4 17.6 3.9 13.7 214.8 90.5 322.9 303.0 567.4 19.9 358.4 -285.4 1294.1 781.4 35.1 1104.3 1398.1 1136.1 262.0 1293.5 104.6 1341.4 67.8 29.0 38.8 2.6 0.0 0.0 58.5 36.2 22.3 71.3 93.6 33.0 106.6 76.7 105.7 3.5 61.9 76.2 396.3 95.9 42.8 2.1 8.1 6.7 1.2 7.2 0.0 0.0 2.8 2.9 2.7 4.3 126.6 866.7 15.9 39.6

148

Shams Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

85.7 424.0 509.7 0.0 0.0 204.3 204.3 714.0 258.8 98.3 160.5 154.3 97.4 510.5 292.4 496.7 218.1 340.3 -33.6 848.7 495.9 44.4 1006.4 1327.1 1122.5 204.6 1221.7 105.4 1263.8 70.8 12.6 58.2 6.8 5.4 0.0 311.2 46.0 265.2 90.4 355.6 28.6 174.6 141.3 97.4 5.8 14.8 25.4 594.7 95.2 17.8 0.9 3.7 11.7 6.2 11.4 951.9 1.1 4.4 6.8 6.0 12.4 131.9 -29.2 34.0 59.5

2005
86.4 455.8 542.2 0.0 0.0 207.7 207.7 749.9 283.4 8.4 275.0 113.8 123.0 520.2 348.8 556.5 171.4 461.4 -65.4 958.7 578.5 33.3 1098.7 1109.3 1017.1 92.2 978.6 130.7 1015.3 100.8 24.8 76.0 5.3 15.1 0.0 35.9 55.6 -19.7 88.9 69.2 27.7 149.1 113.9 102.6 6.9 154.9 128.5 627.5 91.5 24.6 2.2 5.4 7.0 6.3 14.0 468.2 2.8 6.9 8.8 8.2 7.5 101.0 29.4 -16.4 62.8

2006
86.4 417.0 503.4 0.0 0.0 528.7 528.7 1032.1 218.4 13.7 204.7 193.3 142.7 554.4 627.9 1156.6 -73.5 995.6 -409.5 1537.4 1105.6 55.6 1660.0 1559.6 1360.6 199.0 1411.7 147.9 1459.4 115.3 65.3 50.0 8.6 15.1 0.0 282.2 26.3 255.9 81.9 337.8 51.2 88.3 65.6 229.8 3.0 9.3 24.2 582.6 93.6 56.6 4.2 6.6 17.2 7.6 9.9 274.2 3.0 3.2 5.8 4.8 9.6 94.0 -34.1 40.6 58.3

2007
86.4 555.5 641.9 0.0 0.0 403.1 403.1 1045.0 0.2 0.2 0.0 591.3 211.9 803.4 829.5 1232.6 -26.1 861.9 -829.3 1542.6 1071.1 108.4 1874.5 2206.7 1661.1 545.6 2093.7 113.0 2163.9 320.9 117.7 203.2 11.3 0.0 0.0 12.9 191.9 -179.0 300.3 121.3 38.6 96.9 71.3 192.0 10.8 1487.6 247.6 742.9 98.1 36.7 5.3 13.7 5.6 7.3 31.7 0.0 0.0 9.2 23.5 22.2 9.8 117.7 305.2 41.5 74.3

2008
86.4 424.5 510.9 0.0 0.0 327.9 327.9 838.8 14.0 14.0 0.0 391.4 346.2 751.6 897.8 1225.7 -146.2 933.2 -883.8 1533.2 985.1 98.1 1736.7 2316.5 1912.1 404.4 2205.8 110.7 2289.5 63.7 91.6 -27.9 11.7 0.0 0.0 -206.2 -39.6 -166.6 58.5 -108.1 39.1 83.7 45.2 239.9 -1.6 19.2 -54.1 591.3 98.8 143.8 4.0 9.8 -41.9 8.8 -5.5 0.0 0.0 -1.2 -3.2 -4.6 9.2 133.4 -113.6 5.0 59.1

2009
86.4 312.2 398.6 0.0 0.0 206.9 206.9 605.5 43.5 14.3 29.2 388.5 289.2 721.2 1030.4 1237.3 -309.2 884.6 -986.9 1575.7 914.7 90.1 1635.9 2700.8 2284.8 416.0 2563.7 137.1 2695.5 11.1 128.0 -116.9 4.2 0.0 0.0 -233.3 -121.1 -112.2 -31.0 -143.2 34.2 70.0 41.9 310.4 -7.1 51.9 21.6 461.3 99.8 1153.2 4.7 14.5 -3.6 10.3 -29.3 0.0 0.0 -4.3 -13.5 -14.0 9.1 165.1 321.9 16.6 46.1

149

Sind Fine Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

34.3 -89.3 -55.0 0.0 0.0 21.8 21.8 -33.2 7.8 7.8 0.0 24.2 0.0 32.0 114.7 136.5 -82.7 55.4 -106.9 163.0 49.5 5.5 81.5 0.0 0.0 0.0 0.0 0.0 24.2 -23.2 5.1 -28.3 0.0 0.0 0.0 -49.4 -28.3 -21.1 -22.8 -43.9 27.9 27.9 -34.7 -160.3 9.2 -8.3 -8.3 10.0 0.0 -114.6 -100.0 -16.0

2005
34.3 -36.3 -2.0 0.0 0.0 5.8 5.8 3.8 0.6 0.6 0.0 6.6 0.0 7.2 30.4 36.2 -23.2 24.5 -29.8 49.3 26.9 2.2 34.1 0.0 0.0 0.0 0.0 0.0 4.1 16.1 1.1 15.0 0.2 0.0 0.0 37.0 14.8 22.2 17.0 39.2 152.6 23.7 23.7 44.0 40.0 43.4 -5.8 6.8 4.5 1.3 4.4 4.3 4.4 0.0 -153.0 -0.6

2006
34.3 -46.0 -11.7 0.0 0.0 0.0 0.0 -11.7 0.2 0.2 0.0 3.4 0.0 3.6 18.2 18.2 -14.6 1.3 -18.0 14.4 2.7 0.2 6.3 0.0 0.0 0.0 0.0 0.0 10.0 -8.6 0.6 -9.2 0.2 0.0 0.0 -15.5 -9.4 -6.1 -9.2 -15.3 0.0 19.8 19.8 0.0 -146.0 60.6 60.1 -34.1 0.0 -7.0 0.0 46.2 -2.2 0.0 0.0 0.0 0.0 0.0 -2.7 -2.7 0.7 0.0 -161.4 -3.4

2007
34.3 -46.1 -11.8 0.0 0.0 0.0 0.0 -11.8 0.2 0.2 0.0 3.5 0.0 3.7 18.1 18.1 -14.4 0.0 -17.9 14.4 2.5 0.2 6.2 0.0 0.0 0.0 0.0 0.0 1.6 -0.2 0.0 -0.2 0.1 0.0 0.0 -0.1 -0.3 0.2 -0.1 0.1 0.0 20.4 20.4 0.0 -3.2 300.0 -100.0 -34.4 0.0 0.0 0.0 0.0 -50.0 0.0 0.0 0.0 0.0 0.0 -0.1 -0.1 7.4 0.0 -96.3 -3.4

2008
28.3 -47.6 -19.3 6.0 0.0 0.0 6.0 -13.3 0.2 0.2 0.0 0.4 0.0 0.6 16.3 22.3 -15.7 0.0 -16.1 14.4 2.3 0.2 2.9 0.0 0.0 0.0 0.0 0.0 3.1 -1.4 0.0 -1.4 0.1 0.0 0.0 -1.5 -1.5 0.0 -1.3 -1.3 0.0 3.7 3.7 0.0 -48.3 100.0 100.0 -68.2 0.0 0.0 0.0 0.0 -7.1 0.0 0.0 0.0 0.0 0.0 -0.5 -0.5 8.0 0.0 400.0 -6.8

2009
28.3 -47.9 -19.6 6.0 0.0 0.0 6.0 -13.6 0.2 0.2 0.0 0.4 0.0 0.6 16.3 22.3 -15.7 0.0 -16.1 14.4 2.1 0.2 2.7 0.0 0.0 0.0 0.0 0.0 1.6 -0.2 0.0 -0.2 0.1 0.0 0.0 -0.3 -0.3 0.0 -0.1 -0.1 0.0 3.7 3.7 0.0 -7.4 100.0 100.0 -69.3 0.0 0.0 0.0 0.0 -50.0 0.0 0.0 0.0 0.0 0.0 -0.1 -0.1 8.7 0.0 -80.0 -6.9

150

Sunrays Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

60.0 333.6 393.6 0.0 0.0 155.7 155.7 549.3 7.6 7.6 0.0 159.2 179.4 346.2 316.3 472.0 29.9 346.0 -308.7 761.7 519.3 47.6 865.5 1226.1 492.3 733.8 1102.9 123.2 1154.1 80.2 22.9 57.3 14.8 6.4 0.0 54.5 36.1 18.4 83.7 102.1 28.3 109.5 52.7 119.9 6.6 66.2 82.0 656.0 94.1 28.6 1.9 6.6 25.8 8.0 14.6 664.1 1.6 4.7 9.6 7.1 11.9 141.7 23.1 48.3 65.6

2005
69.0 392.6 461.6 0.0 0.0 254.6 254.6 716.2 47.5 45.2 2.3 139.1 493.7 680.3 608.6 863.2 71.7 789.9 -561.1 920.5 644.4 43.0 1324.7 1000.5 458.2 542.3 838.1 162.4 883.6 118.2 33.8 84.4 7.0 6.9 0.0 166.9 70.5 96.4 113.5 209.9 35.5 111.8 30.7 187.0 6.4 42.2 54.1 669.0 88.3 28.6 3.4 4.3 8.3 8.3 18.3 1121.7 1.5 8.4 12.2 11.2 8.3 75.5 27.1 -18.4 66.9

2006
69.0 355.6 424.6 0.0 0.0 271.5 271.5 696.1 39.4 37.1 2.3 201.5 381.3 622.2 672.8 944.3 -50.6 802.0 -633.4 1077.2 746.6 70.5 1368.8 1626.9 1433.3 193.6 1488.1 138.8 1527.6 105.1 76.5 28.6 8.1 0.0 0.0 -20.1 20.5 -40.6 91.0 50.4 39.0 92.5 35.8 222.4 2.1 -102.0 180.6 615.4 93.9 72.8 4.7 9.5 28.3 5.0 6.7 0.0 0.0 1.8 4.1 3.0 10.9 118.9 -66.4 62.6 61.5

2007
69.0 0.0 69.0 0.0 0.0 0.0 0.0 69.0 17.4 15.1 2.3 202.5 400.5 620.4 1491.1 1491.1 -870.7 428.1 -1473.7 1355.3 939.6 77.7 1560.0 1704.4 1338.9 365.5 1572.2 132.2 1622.5 103.0 86.9 16.1 0.2 0.0 0.0 -627.1 15.9 -643.0 93.6 -549.4 0.0 41.6 14.7 2161.0 1.0 -2.5 -17.0 100.0 95.2 84.4 5.1 20.3 1.2 6.2 23.3 0.0 0.0 0.9 2.3 2.3 10.4 109.3 -43.9 4.8 10.0

2008
69.0 346.7 415.7 0.0 0.0 414.3 414.3 830.0 27.6 25.3 2.3 214.8 937.9 1180.3 1266.9 1681.2 -86.6 1278.7 -1239.3 1419.7 916.6 89.8 2096.9 1902.1 1658.4 243.7 1723.3 178.8 1776.1 126.1 106.4 19.7 9.5 0.0 0.0 761.0 10.2 750.8 100.0 850.8 49.9 93.2 19.1 404.4 0.9 1.3 11.8 602.5 93.4 84.4 5.6 8.3 48.2 7.1 4.7 0.0 0.0 1.0 2.9 1.5 9.6 90.7 26.1 11.6 60.2

2009
69.0 582.4 651.4 0.0 0.0 210.2 210.2 861.6 38.4 36.1 2.3 388.9 495.2 922.5 947.7 1157.9 -25.2 935.9 -909.3 1477.6 886.7 86.3 1809.2 2197.3 1614.6 582.7 1959.9 237.4 2034.5 182.3 108.4 73.9 15.5 6.9 0.0 31.6 51.5 -19.9 137.8 117.9 24.4 97.3 45.1 177.8 4.1 163.0 116.9 944.1 92.6 59.5 4.9 11.6 21.0 14.1 11.3 846.4 1.1 3.4 10.7 8.5 9.4 121.5 269.0 15.5 94.4

151

Suraj Cotton Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

180.0 762.8 942.8 0.0 0.0 653.5 653.5 1596.3 213.0 57.2 155.8 629.6 171.9 1014.5 922.2 1575.7 92.3 1234.7 -709.2 2428.6 1504.1 141.3 2518.6 3389.6 2931.5 458.1 3153.8 235.8 3209.5 190.5 45.6 144.9 15.4 36.0 0.0 303.6 93.5 210.1 234.8 444.9 40.9 110.0 91.4 167.1 5.8 30.8 52.8 523.8 94.7 23.9 1.3 3.7 10.6 5.1 15.4 359.7 3.8 4.3 8.1 7.2 12.2 134.6 -5.8 58.1 52.4

2005
180.0 956.9 1136.9 0.0 0.0 561.3 561.3 1698.2 310.2 55.2 255.0 363.2 473.0 1146.4 938.2 1499.5 208.2 1299.1 -628.0 2487.0 1490.1 116.7 2636.5 2608.0 1973.2 634.8 2300.1 307.9 2370.6 243.7 67.4 176.3 15.0 36.0 0.0 101.9 125.3 -23.4 242.0 218.6 33.1 122.2 71.8 131.9 6.7 123.0 110.7 631.6 90.9 27.7 2.6 5.2 8.5 8.8 15.5 448.1 3.2 6.8 9.8 9.0 8.0 98.9 21.0 -23.1 63.2

2006
180.0 957.8 1137.8 0.0 0.0 1009.5 1009.5 2147.3 246.0 53.7 192.3 490.1 367.3 1103.4 1291.3 2300.8 -187.9 1867.5 -1045.3 3395.1 2335.2 186.5 3438.6 3721.7 2435.8 1285.9 3301.1 420.6 3443.4 296.0 135.1 160.9 19.3 36.0 0.0 449.1 105.6 343.5 292.1 635.6 47.0 85.4 57.0 202.2 4.7 23.5 46.0 632.1 92.5 45.6 3.6 7.2 12.0 7.6 14.1 393.3 3.2 4.3 8.9 7.9 12.5 108.2 -9.2 42.7 63.2

2007
180.0 1185.8 1365.8 0.0 0.0 571.9 571.9 1937.7 379.2 372.1 7.1 563.6 404.4 1347.2 1642.4 2214.3 -295.2 1442.9 -1263.2 3451.0 2232.8 242.5 3580.0 4128.2 2804.0 1324.2 3701.9 426.3 3825.4 553.3 175.7 377.6 21.0 0.0 0.0 -209.6 356.6 -566.2 599.1 32.9 29.5 82.0 57.4 162.1 10.5 -170.1 1821.0 758.8 92.7 31.8 4.3 12.2 5.6 7.8 27.6 0.0 0.0 9.1 21.0 19.8 10.2 115.3 136.0 10.9 75.9

2008
180.0 1225.0 1405.0 0.0 0.0 837.1 837.1 2242.1 10.9 5.7 5.2 520.3 886.0 1417.2 1466.2 2303.3 -49.0 1718.9 -1455.3 3717.2 2291.2 234.7 3708.4 4130.3 2962.9 1167.4 3728.4 401.9 3869.4 327.6 171.5 156.1 20.8 27.0 0.6 304.4 108.3 196.1 343.0 539.1 37.3 96.7 36.2 163.9 4.2 35.6 63.6 780.6 93.7 52.4 4.2 10.0 13.3 6.8 11.1 501.1 1.9 3.8 8.7 7.5 10.5 111.4 -58.6 0.1 78.1

2009
180.0 1214.5 1394.5 0.0 0.0 537.6 537.6 1932.1 65.9 13.5 52.4 524.3 711.3 1301.5 1418.3 1955.9 -116.8 1374.5 -1352.4 3725.2 2049.0 217.5 3350.5 4790.5 3646.9 1143.6 4235.0 555.5 4493.5 306.4 232.9 73.5 11.8 27.0 0.0 -310.0 34.7 -344.7 252.2 -92.5 27.8 91.8 41.6 140.3 2.2 -11.2 -272.6 774.7 93.8 76.0 4.9 16.9 16.1 6.0 5.3 228.5 1.9 1.5 4.1 3.4 9.8 143.0 -52.9 16.0 77.5

152

Taha Spinning Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

40.5 110.6 151.1 0.0 0.0 31.8 31.8 182.9 2.6 2.2 0.4 35.9 119.9 158.4 119.0 150.8 39.4 107.6 -116.4 247.5 143.5 11.4 301.9 260.3 247.1 13.2 254.1 6.2 258.8 2.3 0.0 2.3 1.3 0.0 0.0 15.5 1.0 14.5 12.4 26.9 17.4 133.1 32.4 99.8 0.8 6.5 46.1 373.1 99.4 0.0 0.0 0.0 56.5 9.0 1.5 0.0 0.9 0.6 0.2 10.0 86.2 50.0 -8.5 37.3

2005
40.5 107.8 148.3 0.0 0.0 93.2 93.2 241.5 2.1 2.1 0.0 31.3 170.7 204.1 133.5 226.7 70.6 186.8 -131.4 284.2 170.9 9.3 375.0 155.0 132.4 22.6 149.2 5.8 151.9 13.2 7.7 5.5 0.7 0.0 0.0 58.6 4.8 53.8 14.1 67.9 38.6 152.9 25.0 152.9 1.5 8.2 20.8 366.2 98.0 58.3 5.0 4.1 12.7 14.3 3.7 0.0 3.5 1.4 1.2 6.5 41.3 133.3 -40.5 36.6

2006
40.5 121.4 161.9 0.0 0.0 91.3 91.3 253.2 3.3 2.9 0.4 41.6 166.7 211.6 161.9 253.2 49.7 235.8 -158.6 328.7 203.6 11.8 415.2 478.1 292.8 185.3 426.8 51.3 434.2 43.9 27.9 16.0 2.8 0.0 0.0 11.7 13.2 -1.5 25.0 23.5 36.1 130.7 27.7 156.4 3.9 112.8 106.4 399.8 90.8 63.6 5.8 11.8 17.5 4.8 9.9 0.0 0.0 3.3 4.0 3.3 6.9 115.1 185.7 208.5 40.0

2007
40.5 71.2 111.7 0.0 0.0 0.0 0.0 111.7 3.2 3.2 0.0 84.7 119.3 207.2 301.5 301.5 -94.3 142.5 -298.3 336.1 206.1 15.5 413.3 416.3 323.0 93.3 390.1 26.2 400.0 16.3 33.1 -16.8 2.1 0.0 0.0 -141.5 -18.9 -122.6 -3.4 -126.0 0.0 68.7 29.2 269.9 -4.1 13.4 2.7 275.8 96.1 203.1 8.0 23.2 -12.5 9.4 -15.0 0.0 0.0 -4.0 -4.1 -4.7 7.6 100.7 -202.5 -12.9 27.6

2008
40.5 38.0 78.5 0.0 0.0 116.6 116.6 195.1 5.9 5.9 0.0 227.1 27.8 260.8 252.4 369.0 8.4 269.0 -246.5 339.4 186.6 16.1 447.4 231.2 228.8 2.4 230.5 0.7 235.5 -4.3 27.5 -31.8 1.2 0.0 0.0 83.4 -33.0 116.4 -16.9 99.5 59.8 103.3 92.3 470.1 -7.1 -39.6 -17.0 193.8 101.9 -639.5 11.9 10.2 -3.8 12.7 -40.5 0.0 0.0 -13.8 -7.9 -8.1 7.8 51.7 92.7 -44.5 19.4

2009
40.5 10.1 50.6 0.0 0.0 49.5 49.5 100.1 3.2 3.2 0.0 65.6 22.0 90.8 174.1 223.6 -83.3 154.8 -170.9 339.4 183.5 3.9 274.3 3.0 3.0 0.0 13.4 -10.4 15.1 -12.1 18.9 -31.0 0.0 0.0 0.0 -95.0 -31.0 -64.0 -27.1 -91.1 49.5 52.2 39.5 441.9 -11.3 32.6 29.7 124.9 503.3 -156.2 630.0 12.2 0.0 976.7 -61.3 0.0 0.0 -1033.3 -7.7 -7.7 2.1 1.1 -2.5 -98.7 12.5

153

Taj Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

334.4 -130.2 204.2 0.0 0.0 1117.4 1117.4 1321.6 10.7 1.8 8.9 542.1 350.6 903.4 666.3 1783.7 237.1 1320.4 -655.6 1282.3 1084.5 98.1 1987.9 1388.5 1348.9 39.6 1433.3 -44.8 1502.4 -109.0 78.6 -187.6 6.8 0.0 0.0 51.8 -194.4 246.2 -96.3 149.9 84.5 135.6 83.0 873.5 -9.4 -375.3 -64.2 61.1 108.2 5.7 6.0 20.3 -91.9 0.0 -13.5 -5.6 -5.8 8.3 69.8 1.8 7.4 6.1

2005
334.4 -446.3 -111.9 0.0 0.0 1025.3 1025.3 913.4 14.9 9.8 5.1 546.7 299.2 860.8 805.7 1831.0 55.1 1447.6 -790.8 1290.5 858.5 66.9 1719.3 1037.2 980.8 56.4 1069.6 -32.4 1134.8 -97.6 62.9 -160.5 5.4 0.0 0.0 -408.2 -165.9 -242.3 -99.0 -341.3 112.3 106.8 69.7 -9.3 -33.5 109.4 6.1 4.3 26.5 -15.5 -4.8 -5.0 7.3 60.3 -14.3 -25.3 -3.3

2006
334.4 -644.7 -310.3 0.0 0.0 1003.7 1003.7 693.4 14.7 10.3 4.4 470.1 224.6 709.4 798.0 1801.7 -88.6 1405.5 -783.3 1296.3 782.1 82.9 1491.5 1189.5 1180.6 8.9 1258.8 -69.3 1347.8 -158.3 62.1 -220.4 5.9 0.0 0.0 -220.0 -226.3 6.3 -143.4 -137.1 144.8 88.9 60.8 0.0 -14.8 102.9 104.6 -92.8 113.3 -39.2 5.2 4.4 -2.7 20.2 0.0 0.0 0.0 -18.5 -6.6 -6.8 9.7 79.8 37.5 14.7 -9.3

2007
334.4 -644.7 -310.3 0.0 0.0 1003.7 1003.7 693.4 14.7 10.3 4.4 470.1 224.6 709.4 798.0 1801.7 -88.6 1405.5 -783.3 1296.3 782.1 82.9 1491.5 1189.5 1180.6 8.9 1258.8 -69.3 1347.8 -158.3 62.1 -220.4 5.9 0.0 0.0 0.0 -226.3 226.3 -143.4 82.9 144.8 88.9 60.8 0.0 -14.8 0.0 -173.0 -92.8 113.3 -39.2 5.2 4.4 -2.7 20.2 0.0 0.0 0.0 -18.5 -6.6 -6.8 9.7 79.8 0.0 0.0 -9.3

2008
334.4 -948.5 -614.1 0.0 0.0 695.6 695.6 81.5 10.3 7.2 3.1 467.4 114.0 591.7 1150.1 1845.7 -558.4 788.3 -1139.8 1289.5 640.0 67.3 1231.7 43.7 43.7 0.0 56.4 -12.7 277.0 -49.5 0.1 -49.6 0.2 0.0 0.0 -611.9 -49.8 -562.1 17.5 -544.6 853.5 51.4 41.5 0.0 -4.0 8.1 -3.2 -183.6 633.9 -0.2 0.2 0.0 -0.4 617.6 0.0 0.0 0.0 -113.5 -1.5 -1.5 9.5 3.5 -77.3 -96.3 -18.4

2009
334.4 -948.5 -614.1 0.0 0.0 695.6 695.6 81.5 10.3 7.2 3.1 467.4 114.0 591.7 1150.1 1845.7 -558.4 788.3 -1139.8 1289.5 640.0 67.3 1231.7 43.7 43.7 0.0 56.4 -12.7 277.0 -49.5 0.1 -49.6 0.2 0.0 0.0 0.0 -49.8 49.8 17.5 67.3 853.5 51.4 41.5 0.0 -4.0 0.0 26.0 -183.6 633.9 -0.2 0.2 0.0 -0.4 617.6 0.0 0.0 0.0 -113.5 -1.5 -1.5 9.5 3.5 0.0 0.0 -18.4

154

Tata Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

150.7 358.5 509.2 0.0 0.0 411.2 411.2 920.4 4.3 4.3 0.0 161.4 253.2 418.9 430.1 841.3 -11.2 672.4 -425.8 1021.8 931.6 56.6 1350.5 1222.8 299.8 923.0 1076.6 146.2 1141.9 74.0 24.9 49.1 15.9 0.0 22.6 376.5 33.2 343.3 89.8 433.1 44.7 97.4 38.5 165.2 3.6 8.8 20.7 337.9 93.4 33.6 2.0 3.7 32.4 4.4 9.6 0.0 4.0 3.3 2.2 10.7 90.5 -15.4 43.7 33.8

2005
173.2 406.1 579.3 0.0 0.0 874.3 874.3 1453.6 81.4 78.1 3.3 253.5 656.6 991.5 985.1 1859.4 6.4 1668.0 -903.7 1617.2 1447.2 80.6 2438.7 1129.9 155.8 974.1 912.3 217.6 985.7 144.7 64.1 80.6 11.2 0.0 22.6 533.2 69.4 463.8 150.0 613.8 60.1 100.6 34.0 321.0 3.3 13.0 24.4 334.5 87.2 44.3 5.7 3.8 13.9 12.8 13.9 0.0 7.1 4.7 4.0 8.7 46.3 42.4 -7.6 33.4

2006
173.2 432.8 606.0 0.0 0.0 746.9 746.9 1352.9 15.8 14.4 1.4 289.3 755.3 1060.4 1202.8 1949.7 -142.4 1716.2 -1187.0 1827.0 1495.3 165.2 2555.7 2124.0 526.4 1597.6 1754.0 370.0 1877.2 247.4 180.0 67.4 27.0 17.3 0.0 -100.7 23.1 -123.8 188.3 64.5 55.2 88.2 25.4 321.7 2.6 -22.9 291.9 349.9 88.4 72.8 8.5 10.5 40.1 6.3 11.1 233.5 2.9 3.2 3.9 2.3 11.4 83.1 -17.0 88.0 35.0

2007
173.2 428.6 601.8 0.0 0.0 897.8 897.8 1499.6 133.0 133.0 0.0 294.4 775.9 1203.3 1109.0 2006.8 94.3 1693.5 -976.0 1829.8 1405.3 108.0 2608.6 2382.0 524.9 1857.1 1949.3 432.7 2113.8 274.7 193.1 81.6 32.2 0.0 0.0 146.7 49.4 97.3 157.4 254.7 59.9 108.5 38.5 333.5 3.1 33.7 61.8 347.5 88.7 70.3 8.1 11.4 39.5 4.9 13.6 0.0 0.0 3.4 4.7 2.9 7.2 91.3 20.5 12.1 34.7

2008
173.2 1273.6 1446.8 0.0 0.0 839.8 839.8 2286.6 55.6 55.6 0.0 346.3 1421.8 1823.7 1855.5 2695.3 -31.8 2420.1 -1799.9 2433.2 2318.6 102.5 4142.3 2415.4 398.8 2016.6 1990.6 424.8 2180.3 236.6 209.0 27.6 19.1 0.0 0.0 787.0 8.5 778.5 111.0 889.5 36.7 98.3 21.7 186.3 0.7 1.1 12.5 835.3 90.3 88.3 8.7 8.6 69.2 8.3 1.9 0.0 0.0 1.1 1.6 0.5 7.3 58.3 -66.0 1.4 83.5

2009
173.2 1059.4 1232.6 0.0 0.0 493.0 493.0 1725.6 41.0 41.0 0.0 251.8 1159.8 1452.6 2057.4 2550.4 -604.8 1917.7 -2016.4 2557.2 2330.4 118.9 3783.0 2683.2 405.9 2277.3 2265.7 417.5 2600.7 112.0 326.4 -214.4 22.9 0.0 0.0 -561.0 -237.3 -323.7 -118.4 -442.1 28.6 70.6 14.2 206.9 -5.7 42.3 26.8 711.7 96.9 291.4 12.2 17.0 -10.7 5.3 -17.4 0.0 0.0 -8.0 -12.4 -13.7 5.1 70.9 -875.0 11.1 71.2

155

The Crescent Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

406.7 2079.2 2485.9 0.0 0.0 1233.6 1233.6 3719.5 948.2 32.2 916.0 934.1 3674.8 5557.1 3130.3 4363.9 2426.8 3465.5 -2182.1 2412.4 1292.7 149.5 6849.8 5723.7 1917.1 3806.6 5224.0 499.7 5612.3 214.1 115.8 98.3 43.3 0.0 0.0 435.6 55.0 380.6 204.5 585.1 33.2 177.5 60.1 175.5 1.4 12.6 35.0 611.2 98.1 54.1 2.0 3.3 44.0 21.6 4.0 0.0 1.7 2.4 1.4 13.0 83.6 -51.0 20.7 61.1

2005
406.7 2246.7 2653.4 0.0 499.9 873.1 1373.0 4026.4 886.5 35.7 850.8 3139.4 1172.3 5198.2 3194.1 4567.1 2004.1 3954.8 -2307.6 3482.7 2022.4 138.7 7220.6 4298.1 1272.7 3025.4 3757.4 540.7 4077.9 301.5 175.0 126.5 37.9 40.7 0.0 306.9 47.9 259.0 186.6 445.6 34.1 162.7 126.0 172.1 1.8 15.6 41.9 652.4 94.9 58.0 4.1 4.4 30.0 24.7 4.8 217.7 1.5 2.9 3.1 2.2 10.7 59.5 29.2 -24.9 65.2

2006
406.7 2055.1 2461.8 0.0 399.9 1223.2 1623.1 4084.9 1193.8 40.6 1153.2 2823.0 962.7 4979.5 3046.8 4669.9 1932.7 4270.5 -1853.0 3787.9 2152.3 214.4 7131.8 5097.6 1950.3 3147.3 4573.3 524.3 4929.8 339.9 357.0 -17.1 41.6 0.0 40.7 58.5 -58.7 117.2 155.7 272.9 39.7 163.4 131.8 189.7 -0.2 -100.3 57.1 605.3 96.7 105.0 7.0 8.4 -243.3 19.7 -0.7 0.0 0.0 -0.3 -0.4 -1.4 10.6 71.5 -112.9 18.6 60.5

2007
447.4 4182.3 4629.7 0.0 0.0 953.3 953.3 5583.0 1127.6 7.4 1120.2 3697.8 978.3 5803.7 4668.0 5621.3 1135.7 4024.1 -3540.4 6224.8 4447.4 261.6 10251.1 5591.6 1998.1 3593.5 5062.3 529.3 5507.7 581.5 464.4 117.1 48.8 0.0 0.0 1498.1 68.3 1429.8 329.9 1759.7 17.1 124.3 103.4 121.4 1.1 4.6 18.7 1034.8 98.5 79.9 8.3 11.5 41.7 22.5 2.5 0.0 0.0 2.1 2.6 1.5 12.2 54.5 -750.0 9.7 103.5

2008
492.1 3560.5 4052.6 0.0 300.0 987.4 1287.4 5340.0 1129.7 8.6 1121.1 4549.2 1240.7 6919.6 5805.7 7093.1 1113.9 6271.8 -4676.0 6350.7 4226.2 297.6 11145.8 8844.6 2301.6 6543.0 7876.6 968.0 8544.0 570.3 613.2 -42.9 59.4 0.0 44.7 -243.0 -102.3 -140.7 195.3 54.6 24.1 119.2 97.8 175.0 -0.4 42.1 357.7 823.5 96.6 107.5 6.9 9.8 -138.5 23.8 -1.1 0.0 0.0 -0.5 -0.9 -2.1 6.7 79.4 -134.6 58.2 82.4

2009
492.1 3410.1 3902.2 0.0 0.0 1108.0 1108.0 5010.2 312.0 18.9 293.1 5381.1 940.4 6633.5 5805.7 6913.7 827.8 6348.1 -5493.7 6511.4 4182.4 275.9 10815.9 10750.5 2764.4 7986.1 9175.3 1575.2 10112.8 1074.0 815.9 258.1 73.4 0.0 0.0 -329.8 184.7 -514.5 460.6 -53.9 22.1 114.3 98.1 177.2 2.4 -56.0 -854.5 793.0 94.1 76.0 7.6 12.9 28.4 23.8 6.6 0.0 0.0 2.4 5.2 3.8 6.5 99.4 -677.8 21.5 79.3

156

Towellers Ltd.
Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

170.0 546.3 716.3 0.0 0.0 10.4 10.4 726.7 121.0 121.0 0.0 448.3 366.7 936.0 734.4 744.8 201.6 464.4 -613.4 747.2 525.2 44.4 1461.2 2001.8 68.8 1933.0 1835.9 165.9 1967.8 37.8 16.6 21.2 14.8 0.0 0.0 28.5 6.4 22.1 50.8 72.9 1.4 127.5 77.5 104.0 1.5 22.5 69.7 421.4 98.3 43.9 0.8 3.6 69.8 15.6 3.0 0.0 1.1 1.2 0.4 8.7 137.0 -66.7 -7.6 42.1

2005
170.0 549.0 719.0 0.0 0.0 244.5 244.5 963.5 68.8 68.8 0.0 615.8 584.2 1268.8 1155.4 1399.9 113.4 953.9 -1086.6 1104.0 850.1 32.8 2118.9 1371.2 54.1 1317.1 1157.5 213.7 1345.5 26.0 13.2 12.8 9.8 0.0 0.0 236.8 3.0 233.8 35.8 269.6 25.4 109.8 59.3 194.7 0.6 1.3 13.3 422.9 98.1 50.8 1.0 1.4 76.6 25.9 1.8 0.0 0.9 0.8 0.2 6.2 64.7 -33.3 -31.5 42.3

2006
170.0 504.4 674.4 0.0 0.0 133.0 133.0 807.4 91.9 91.9 0.0 656.7 597.5 1346.1 1526.1 1659.1 -180.0 1181.9 -1434.2 1187.3 987.4 37.7 2333.5 2246.5 91.8 2154.7 1921.0 325.5 2197.4 71.5 41.1 30.4 20.4 0.0 0.0 -156.1 10.0 -166.1 47.7 -118.4 16.5 88.2 49.1 246.0 1.3 -6.4 -40.3 396.7 97.8 57.5 1.8 3.5 67.1 16.4 4.5 0.0 0.0 1.4 1.8 0.6 4.4 96.3 125.0 63.8 39.7

2007
170.0 809.1 979.1 0.0 0.0 305.3 305.3 1284.4 69.2 69.2 0.0 769.2 867.9 1706.3 1948.5 2253.8 -242.2 1425.0 -1879.3 174.9 1526.6 92.7 3232.9 2358.3 27.8 2330.5 1926.9 431.4 2213.3 147.2 108.4 38.8 22.7 0.0 0.0 477.0 16.1 460.9 108.8 569.7 23.8 87.6 43.0 230.2 1.2 3.4 19.1 575.9 93.9 73.6 4.6 7.6 58.5 18.4 4.0 0.0 0.0 1.6 2.3 0.9 9.4 72.9 27.8 5.0 57.6

2008
170.0 831.1 1001.1 0.0 0.0 393.9 393.9 1395.0 44.4 44.4 0.0 854.6 1089.5 1988.5 2129.9 2523.8 -141.4 1767.6 -2085.5 1938.5 1536.3 139.1 3524.8 3626.6 64.2 3562.4 3084.5 542.1 3394.1 234.5 176.2 58.3 33.5 0.0 0.0 110.6 24.8 85.8 163.9 249.7 28.2 93.4 42.2 252.1 1.7 22.4 65.6 588.9 93.6 75.1 4.9 10.0 57.5 17.5 5.8 0.0 0.0 1.6 3.4 1.5 9.1 102.9 47.8 53.8 58.9

2009
170.0 970.7 1140.7 0.0 0.0 267.4 267.4 1408.1 50.7 50.7 0.0 975.9 1065.3 2091.9 2243.6 2511.0 -151.7 1852.9 -2192.9 1889.9 1559.9 135.9 3651.8 3419.6 19.5 3400.1 2739.5 680.1 3099.7 322.2 257.2 65.0 33.9 8.5 0.0 13.1 22.6 -9.5 158.5 149.0 19.0 93.2 45.8 220.1 1.8 172.5 106.4 671.0 90.6 79.8 7.5 13.9 52.2 20.9 5.7 365.9 0.7 1.9 3.8 1.8 8.8 93.6 11.8 -5.7 67.1

157

Usman Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

37.3 127.6 164.9 0.0 0.0 0.0 0.0 164.9 10.0 9.9 0.1 39.9 0.0 49.9 67.4 67.4 -17.5 0.0 -57.4 60.9 182.4 21.0 232.3 0.0 0.0 0.0 0.0 0.0 6.5 121.5 0.2 121.3 0.0 0.0 0.0 0.0 121.3 -121.3 142.3 21.0 0.0 74.0 74.0 40.9 52.2 677.6 442.1 0.2 0.0 73.6 0.0 32.5 32.5 39.8 0.0 0.0 44.2

2005
37.3 127.6 164.9 0.0 0.0 0.0 0.0 164.9 10.0 9.9 0.1 39.9 0.0 49.9 67.4 67.4 -17.5 0.0 -57.4 60.9 182.4 21.0 232.3 0.0 0.0 0.0 0.0 0.0 6.5 121.5 0.2 121.3 0.0 0.0 0.0 0.0 121.3 -121.3 142.3 21.0 0.0 74.0 74.0 40.9 52.2 677.6 442.1 0.2 0.0 73.6 0.0 32.5 32.5 39.8 0.0 0.0 44.2

2006
37.3 42.0 79.3 0.0 0.0 0.0 0.0 79.3 0.0 0.0 0.0 99.2 0.0 99.2 19.9 19.9 79.3 0.0 -19.9 0.0 0.0 0.0 99.2 0.0 0.0 0.0 0.0 0.0 0.1 12.9 0.0 12.9 4.5 0.0 0.0 -85.6 8.4 -94.0 8.4 -85.6 0.0 498.5 498.5 25.1 13.0 -9.8 -9.8 212.6 0.0 0.0 0.0 0.0 34.9 0.0 16.3 0.0 0.0 0.0 3.5 2.3 0.0 0.0 -89.2 21.3

2007
37.3 45.9 83.2 0.0 0.0 0.0 0.0 83.2 98.2 0.0 98.2 9.0 0.0 107.2 24.1 24.1 83.1 0.0 74.1 0.0 0.0 0.0 107.2 0.0 0.0 0.0 0.0 0.0 0.6 8.1 0.0 8.1 2.9 0.0 0.0 3.9 5.2 -1.3 5.2 3.9 0.0 444.8 444.8 29.0 7.6 133.3 133.3 223.1 0.0 0.0 0.0 0.0 35.8 0.0 9.7 0.0 0.0 0.0 2.2 1.4 0.0 0.0 -37.1 22.3

2008
37.3 56.0 93.3 0.0 0.0 0.0 0.0 93.3 18.0 0.0 18.0 104.4 0.0 122.4 29.2 29.2 93.2 0.6 -11.2 0.0 0.0 0.0 122.4 0.0 0.0 0.0 0.0 0.0 1.3 14.7 0.0 14.7 4.6 0.0 0.0 10.1 10.1 0.0 10.1 10.1 0.0 419.2 419.2 31.3 12.0 100.0 100.0 250.1 0.0 0.0 0.0 0.0 31.3 0.0 15.8 0.0 0.0 0.0 3.9 2.7 0.0 0.0 77.3 25.0

2009
37.3 56.0 93.3 0.0 0.0 0.0 0.0 93.3 18.0 0.0 18.0 104.4 0.0 122.4 29.2 29.2 93.2 0.6 -11.2 0.0 0.0 0.0 122.4 0.0 0.0 0.0 0.0 0.0 1.3 14.7 0.0 14.7 4.6 0.0 0.0 0.0 10.1 -10.1 10.1 0.0 0.0 419.2 419.2 31.3 12.0 0.0 0.0 250.1 0.0 0.0 0.0 0.0 31.3 0.0 15.8 0.0 0.0 0.0 3.9 2.7 0.0 0.0 0.0 25.0

158

Yousaf Weaving Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

181.7 -139.5 42.2 0.0 0.0 212.4 212.4 254.6 115.8 115.8 0.0 234.7 115.7 466.2 734.5 946.9 -268.3 371.4 -618.7 1126.0 522.8 58.2 989.0 1683.3 913.1 770.2 1601.3 82.0 1727.4 -30.3 40.3 -70.6 8.9 0.0 0.0 -80.7 -79.5 -1.2 -21.3 -22.5 83.4 63.5 47.7 2243.8 -7.1 23.2 102.6 2.4 10.9 4.2 -167.3 0.0 -4.2 -3.9 -4.4 10.8 170.2 69.6 23.7 2.3

2005
181.7 -254.7 -73.0 0.0 0.0 51.9 51.9 -21.1 89.2 89.2 0.0 139.8 69.9 298.9 740.7 792.6 -441.8 190.0 -651.5 768.5 420.7 33.9 719.6 928.3 484.3 444.0 930.6 -2.3 999.6 -65.0 27.4 -92.4 6.7 0.0 0.0 -275.7 -99.1 -176.6 -65.2 -241.8 40.4 30.9 -12.8 -40.2 107.7 3.0 14.4 3.6 -10.0 -5.1 -5.5 6.5 129.0 30.8 -44.9 -4.0

2006
400.0 -231.0 169.0 0.0 0.0 143.2 143.2 312.2 50.8 50.8 0.0 154.3 113.7 318.8 644.5 787.7 -325.7 287.9 -593.7 1005.3 637.9 49.8 956.7 1179.2 951.3 227.9 1054.4 124.8 1118.6 62.1 22.6 39.5 5.9 64.2 0.0 333.3 -30.6 363.9 19.2 383.1 45.9 49.5 31.8 466.1 4.1 -9.2 5.0 42.3 94.9 36.4 1.9 7.8 14.9 5.5 23.4 52.3 38.0 3.3 1.0 0.8 11.8 123.3 -119.6 27.0 4.2

2007
400.0 -222.2 177.8 0.0 0.0 169.9 169.9 347.7 117.2 117.2 0.0 167.5 147.3 432.0 831.1 1001.0 -399.1 303.7 -713.9 1177.1 746.9 78.2 1178.9 1573.8 784.6 789.2 1442.4 131.4 1525.6 48.2 40.6 7.6 9.8 0.0 0.0 35.5 -2.2 37.7 76.0 113.7 48.9 52.0 34.3 563.0 0.6 -6.2 66.8 44.5 96.9 84.2 2.6 13.4 128.9 3.0 4.3 0.0 0.0 0.5 0.2 -0.1 12.3 133.5 -80.0 33.5 4.4

2008
400.0 -233.0 167.0 0.0 0.0 202.0 202.0 369.0 3.8 3.8 0.0 288.0 177.8 469.6 937.0 1139.0 -467.4 478.5 -933.2 1305.3 836.5 61.6 1306.1 1972.8 946.8 1026.0 1797.2 175.6 1909.4 63.8 63.1 0.7 10.2 0.0 0.0 21.3 -9.5 30.8 52.1 82.9 54.7 50.1 31.1 682.0 0.1 -44.6 62.8 41.8 96.8 98.9 3.2 13.2 1457.1 6.5 0.4 0.0 0.0 0.0 0.0 -0.2 8.2 151.0 -100.0 25.4 4.2

2009
400.0 -228.9 171.1 0.0 0.0 208.3 208.3 379.4 6.5 6.5 0.0 273.5 196.6 476.6 886.1 1094.4 -409.5 502.1 -879.6 1322.4 788.8 60.6 1265.4 2099.0 955.4 1143.6 1884.6 214.4 2014.1 92.0 77.1 14.9 11.4 0.0 0.0 10.4 3.5 6.9 64.1 71.0 54.9 53.8 31.6 639.6 1.2 33.7 90.3 42.8 96.0 83.8 3.7 15.4 76.5 4.5 8.7 0.0 0.0 0.7 0.4 0.1 7.2 165.9 0.0 6.4 4.3

159

Zahidjee Textile Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

110.1 143.0 253.1 0.0 0.0 92.0 92.0 345.1 7.5 7.5 0.0 53.1 30.7 91.3 90.0 182.0 1.3 166.0 -82.5 513.3 343.8 35.5 435.1 675.7 675.7 0.0 661.1 14.6 670.1 12.9 6.3 6.6 3.0 0.0 0.0 23.4 3.6 19.8 39.1 58.9 26.7 101.4 67.3 71.9 1.5 15.4 66.4 229.9 99.2 48.8 0.9 3.8 45.5 4.3 2.6 0.0 1.0 0.6 0.3 11.1 155.3 -220.0 32.2 23.0

2005
110.1 170.5 280.6 0.0 0.0 82.1 82.1 362.7 123.2 10.4 112.8 62.7 62.7 248.6 227.7 309.8 20.9 217.1 -104.5 538.6 341.9 27.4 590.5 480.6 476.0 4.6 455.5 25.1 463.5 26.4 15.0 11.4 0.4 0.0 0.0 17.6 11.0 6.6 38.4 45.0 22.6 109.2 81.6 110.4 1.9 62.5 85.3 254.9 96.4 56.8 3.1 6.9 3.5 3.5 4.1 0.0 2.4 1.0 1.0 8.0 81.4 66.7 -28.9 25.5

2006
110.1 234.3 344.4 0.0 0.0 49.3 49.3 393.7 180.3 11.0 169.3 65.8 59.8 305.9 245.1 294.4 60.8 217.3 -64.8 561.8 332.8 33.4 638.7 605.4 603.0 2.4 567.6 37.8 582.8 35.1 30.8 4.3 0.1 8.3 0.0 31.0 -4.1 35.1 29.3 64.4 12.5 124.8 100.4 85.5 0.7 -13.2 45.5 312.8 96.3 87.7 5.1 14.2 2.3 5.7 1.2 50.6 2.4 0.7 0.4 0.4 9.8 94.8 -60.0 26.0 31.3

2007
110.1 851.1 961.2 0.0 0.0 138.1 138.1 1099.3 221.5 141.5 80.0 419.1 578.3 1218.9 1422.5 1560.6 -203.6 1448.5 -1201.0 1493.0 1302.8 102.1 2521.7 2772.6 1834.2 938.4 2543.1 229.5 2671.1 303.2 154.2 149.0 11.6 0.0 0.0 705.6 137.4 568.2 239.5 807.7 12.6 85.7 45.0 162.4 5.9 19.5 29.7 873.0 96.3 50.9 5.6 10.6 7.8 10.1 15.5 0.0 0.0 5.4 13.5 12.5 30.7 109.9 3275.0 358.0 87.3

2008
340.5 478.2 818.7 0.0 0.0 320.8 320.8 1139.5 150.8 9.2 141.6 890.6 695.6 1737.0 1866.4 2187.2 -129.4 1723.7 -1715.6 1635.0 1268.9 104.9 3005.9 1960.5 1119.2 841.3 1794.1 166.4 1880.2 150.3 191.3 -41.0 9.8 0.0 0.0 40.2 -50.8 91.0 54.1 145.1 28.2 93.1 55.8 267.2 -1.4 -126.4 37.3 240.4 95.9 127.3 9.8 11.1 -23.9 17.8 -5.0 0.0 0.0 -2.1 -1.2 -1.5 8.1 65.2 -108.9 -29.3 24.0

2009
340.5 257.9 598.4 0.0 0.0 175.0 175.0 773.4 270.1 7.5 262.6 555.0 718.2 1543.3 1946.6 2121.6 -403.3 1698.9 -1676.5 1755.5 1176.6 107.3 2719.9 2109.3 1175.9 933.4 1845.8 263.5 1948.8 159.1 275.3 -116.2 10.5 0.0 0.0 -366.1 -126.7 -239.4 -19.4 -258.8 22.6 79.3 42.4 354.5 -4.3 34.6 7.5 175.7 92.4 173.0 13.1 16.2 -9.0 14.6 -19.4 0.0 0.0 -5.5 -3.4 -3.7 8.5 77.6 183.3 7.6 17.6

160

Zahur Cotton Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

98.6 -157.2 -58.6 0.0 0.0 182.4 182.4 123.8 0.5 0.5 0.0 17.1 3.2 20.8 133.3 315.7 -112.5 182.4 -132.8 289.2 236.2 12.4 257.0 50.0 50.0 0.0 64.3 -14.3 69.6 -19.6 9.7 -29.3 0.2 0.0 0.0 -35.4 -29.5 -5.9 -17.1 -23.0 147.3 15.6 13.2 -11.4 -59.4 139.2 19.4 5.3 6.0 -58.6 -3.0 -3.0 5.0 19.5 172.7 -20.8 -5.9

2005
98.6 -131.1 -32.5 0.0 0.0 34.5 34.5 2.0 0.2 0.2 0.0 16.8 5.0 22.0 151.9 186.4 -129.9 54.3 -151.7 262.4 132.0 4.8 154.0 34.1 34.1 0.0 39.5 -5.4 142.9 -108.5 2.2 -110.7 0.2 0.0 0.0 -121.8 -110.9 -10.9 -106.1 -117.0 1725.0 14.5 11.2 -71.9 -33.0 419.1 6.5 4.1 9.7 -324.6 -11.2 -11.2 2.0 22.1 273.3 -31.8 -3.3

2006
98.6 -151.6 -53.0 0.0 0.0 14.3 14.3 -38.7 0.1 0.1 0.0 16.8 2.9 19.8 184.2 198.5 -164.4 56.1 -184.1 262.4 125.6 6.5 145.4 35.0 35.0 0.0 49.3 -14.3 61.6 -20.3 5.0 -25.3 0.0 0.0 0.0 -40.7 -25.3 -15.4 -18.8 -34.2 0.0 10.7 9.2 0.0 -17.4 62.2 55.0 -53.8 176.0 -24.6 14.3 8.9 0.0 10.6 0.0 0.0 0.0 -72.3 -2.6 -2.6 4.9 24.1 -76.8 2.6 -5.4

2007
98.6 -176.8 -78.2 0.0 0.0 9.3 9.3 -68.9 0.2 0.2 0.0 17.5 0.0 17.7 183.5 192.8 -165.8 36.3 -183.3 239.8 96.9 8.5 114.6 9.2 9.2 0.0 23.6 -14.4 25.1 -20.4 4.7 -25.1 0.1 0.0 0.0 -30.2 -25.2 -5.0 -16.7 -21.7 0.0 9.6 9.6 0.0 -21.9 83.4 77.0 -79.3 272.8 -23.0 51.1 12.9 -0.4 51.1 0.0 0.0 0.0 -272.8 -2.5 -2.6 6.8 8.0 -3.8 -73.7 -7.9

2008
98.6 -176.8 -78.2 0.0 0.0 9.3 9.3 -68.9 0.2 0.2 0.0 17.5 0.0 17.7 183.5 192.8 -165.8 36.3 -183.3 239.8 96.9 8.5 114.6 9.2 9.2 0.0 23.6 -14.4 25.1 -20.4 4.7 -25.1 0.1 0.0 0.0 0.0 -25.2 25.2 -16.7 8.5 0.0 9.6 9.6 0.0 -21.9 0.0 -196.5 -79.3 272.8 -23.0 51.1 12.9 -0.4 51.1 0.0 0.0 0.0 -272.8 -2.5 -2.6 6.8 8.0 0.0 0.0 -7.9

2009
98.6 -176.8 -78.2 0.0 0.0 9.3 9.3 -68.9 0.2 0.2 0.0 17.5 0.0 17.7 183.5 192.8 -165.8 36.3 -183.3 239.8 96.9 8.5 114.6 9.2 9.2 0.0 23.6 -14.4 25.1 -20.4 4.7 -25.1 0.1 0.0 0.0 0.0 -25.2 25.2 -16.7 8.5 0.0 9.6 9.6 0.0 -21.9 0.0 -196.5 -79.3 272.8 -23.0 51.1 12.9 -0.4 51.1 0.0 0.0 0.0 -272.8 -2.5 -2.6 6.8 8.0 0.0 0.0 -7.9

161

Zephyr Textiles Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

-

2005
474.3 23.6 497.9 0.0 0.0 468.8 468.8 966.7 103.4 103.4 0.0 395.7 207.7 706.8 766.8 1235.6 -60.0 1147.6 -663.4 362.0 1026.6 27.8 1733.4 1054.1 498.8 555.3 939.5 114.6 987.9 67.1 36.9 30.2 5.5 0.0 15.0 24.7 52.5 48.5 92.2 65.1 248.2 1.7 0.0 0.0 105.0 93.7 55.0 3.5 3.2 18.2 15.8 6.1 0.0 2.9 0.6 0.5 7.3 60.8 -40.0 10.5

2006
594.3 56.4 650.7 0.0 0.0 755.9 755.9 1406.6 67.4 35.5 31.9 483.6 391.5 942.5 1158.1 1914.0 -215.6 1710.1 -1090.7 1732.0 1622.1 74.1 2564.6 1564.1 605.5 958.6 1348.2 215.9 1402.1 164.3 108.9 55.4 9.3 0.0 0.0 439.9 46.1 393.8 120.2 514.0 53.7 81.4 47.6 294.1 2.2 10.5 23.4 109.5 89.6 66.3 7.0 6.4 16.8 13.8 8.5 0.0 0.0 3.5 0.9 0.8 7.2 61.0 50.0 48.4 10.9

2007
594.3 59.0 653.3 0.0 0.0 721.3 721.3 1374.6 59.8 59.8 0.0 660.5 587.9 1308.2 1686.0 2407.3 -377.8 1933.0 -1626.2 1966.9 1752.4 143.0 3060.6 2712.7 1451.9 1260.8 2435.6 277.1 2519.2 214.1 197.9 16.2 13.6 0.0 0.0 -32.0 2.6 -34.6 145.6 111.0 52.5 77.6 42.7 368.5 0.5 -8.1 131.2 109.9 92.9 92.4 7.3 10.2 84.0 13.9 2.5 0.0 0.0 0.6 0.3 0.0 8.8 88.6 -66.7 73.4 11.0

2008
594.3 204.3 798.6 0.0 0.0 683.1 683.1 1481.7 16.7 2.5 14.2 581.9 672.8 1271.4 2065.0 2748.1 -793.6 2270.1 -2048.3 1977.3 2275.2 368.7 3546.6 2634.6 1830.0 804.6 2393.3 241.3 2493.8 156.3 346.1 -189.8 13.2 0.0 0.0 107.1 -203.0 310.1 165.7 475.8 46.1 61.6 29.0 344.1 -5.4 -189.5 34.8 134.4 94.7 221.4 13.1 15.2 -7.0 11.9 -23.8 0.0 0.0 -7.2 -3.2 -3.4 21.0 74.3 -1166.7 -2.9 13.4

2009
594.3 53.3 647.6 0.0 0.0 694.2 694.2 1341.8 34.3 28.9 5.4 555.8 608.4 1198.5 1986.5 2680.7 -788.0 2114.0 -1952.2 2359.7 2129.6 196.3 3328.1 2601.7 1669.5 932.2 2327.1 274.6 2441.5 197.6 353.6 -156.0 9.3 0.0 0.0 -139.9 -165.3 25.4 31.0 56.4 51.7 60.3 29.7 413.9 -4.7 118.2 55.0 109.0 93.8 178.9 13.6 16.7 -6.0 10.9 -24.1 0.0 0.0 -6.0 -2.6 -2.8 8.6 78.2 -18.8 -1.2 10.9

162

(Colony) Sarhad Textile Mills Ltd.

125-Murree Road, Rawalpindi.

Management
Mr. Sohail Farooq Shaikh(Chairman/Chief Exec. MCB Bank Ltd. Mr. Farrukh Haroon Rashid(Director) Miss. Nazifa Khaliq(Director) Mrs. Nadia Shaikh(Director) Mr. Shahid Aziz (NIT)(Director) Miss. Surriya Shaikh(Director) Mrs. Neelum Suhail Shaikh(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 United Bank Ltd.

Banker

Auditor
M/s. Naveed Zafar Hussain Jaffery & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.00 3.87 .87 1.97

Production Desc
Yarn

Units
Kgs.

Capacity
3,500,000

Actual Production
-

(Colony) Thal Textile Mills Ltd.

7/1, Mian Shami Road, Lahore Cantt.

Management
Mrs. Ayesha Tanveer(Chairperson) Mr. Tanveer A.Shaikh(Chief Executive) Mr. Muhammad Taimur Tanveer(Director) Mr. Ahmed Shaikh(Director) Miss. Beenish Elahi(Director) Mr. Sardar Muhammad Nawaz(Director) Mr. Hadayat Ali Shar(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 MCB Bank Ltd. Habib Bank Ltd.

Banker

Auditor
M/s. Sarwars & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 2.25 4.34 .45 2.16

Production Desc
Yarn

Units
Kgs

Capacity
3,042,818

Actual Production
1,899,857

163

Accord Textiles Ltd.

47-A Main Gulberg, Lahore

Management
Mr. Haider Ali(Chairman / C.E.O.) Mr. Hammmad Raza Khan(Director) Mrs. Farnaz Haider(Director) Mr. Imran Iftikhar(Director) Mr. Asghar Ali(Director) Mr. Raheem Azeem(Director) Mrs. Azra Ahmed(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Habib Bank Ltd.

Banker
National Bank Of Pakistan NIB Bank Ltd. Standard Chartered Bank Ltd.

Auditor
M/s. M. Hussain Chaudhury & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 .18 1.40 .10 .45

Production Desc
Yarn

Units
Kgs

Capacity
-

Actual Production
2,794,902

Adil Textile Mills Ltd.

Adil House No. 53-K, Gulberg-III, Lahore.

Management
Mr. Adil Mahmood((Chief Executive)) Mr. Zulfiqar Ali(Director) Ms. Nusrat Shaheen(Director) Mr. Aqeel Ahmad(Director) Mr. Rizwan Hameed(Director) Mr. Shahid Qureshi(Director) Mr. Saqib Maqsood(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 MCB Bank Ltd

Banker
National Bank Of Pakistan

Auditor
M/s. Mushtaq & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 4.00 5.00 1.30 3.00

Production Desc
Yarn

Units
Kgs.

Capacity
5900609

Actual Production
-

164

Ahmed Hassan Textile Mills Ltd.

46-Hassan Parwana Colony, Multan.

Management
Mian Mohammad Javed Anwar(Chairman) Mian Mohammad Parvez(Chief Executive) Mr. Muhammad Aurangzeb(Director) Mrs. Salma Javed(Director) Mrs. Waheeda Parvez(Director) Mr. Mohammad Haris(Director) Mr. Syed Raza Abbas Jafferi (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 United Bank Limited Faysal Bank Ltd. Bank Al-Habib Ltd. Habib Bank Ltd. Allied Bank Ltd. Meezan Bank Ltd.

Banker

Auditor
M/s. M. Yousuf Adil Saleem & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 28.00 43.05 25.82 34.44

Production Desc
Yarn Fabric

Units
Kgs. Th. Sq. Meters

Capacity
12,988,309 41,539

Actual Production
11,818,351 33,644

Al-Azhar Textile Mills Ltd.

Chak No. 7-B.C, 10-K.M., Hasilpur Road, Bahawalpur.

Management
Mirza Muhammad Nasir Baig(Chairman/C.E.) Mirza Muhammad Umar Baig(Director) Mrza Muhammad Jahanzeb Baig(Director) Mrs. Fahmida Begum(Director) Mrs. Saung Hee Shin(Director) Mirza Muhammad Asber Baig(Director) Mrs. Rafiqan Begum(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st March 30th June , 2010 , 2009

Banker
National Bank Of Pakistan Allied Bank Of Pakistan Ltd. Bank Al-Habib Ltd. Habib Metropolitan Bank Ltd.

Auditor
M/s. Akhtar Mehmood Mian (C.A.)

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 2.55 6.00 2.00 4.00

Production Desc
yarn

Units
kgs

Capacity
6,539,778

Actual Production
5,523,642

165

Al-Qadir Textile Mills Ltd.

Raja House, Near Makki Masjid, Chakwal.

Management
Mr. Ghulam Ali Raja(Chairman/C.E.) Mr. Asif Ali Raja(Director) Mst. Asbah Rubina(Director) Mr. Faisal Bashir Raja(Director) Mst. Tasneem Akhtar(Director) Mst. Yasmeen Begum(Director) Mr. Muhammad Bashir Raja(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th October , 2009 30th June , 2009 Bank Alfalah Ltd.

Banker

Auditor
M/s Nasir Javaid Maqsood Imran (C.A.)

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 5.70 14.50 5.70 7.53

Production Desc
Yarn

Units
Kgs.

Capacity
11,235,420

Actual Production
8,629,207

Ali Asghar Textile Mills Ltd.

306-308, Uni Tower, I.I.Chundrigar Road, Karachi.

Management
Mr. Nadeem Ellahi Shaikh(Chief Executive) Mr. Muhammad Azad Khan(Director) Mr. Sultan Mehmood(Director) Mst. Marium Humayun(Director) Mr. Raja Ghanzafar Ali(Director) Mr. Naveed Ellahi Shaikh(Director) Mr. Salman Masood(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 29th October , 2009 30th June , 2009 Habib Bank Ltd.

Banker
Habib Metropolitan Bank Limited Natioanl Bank of Paksitan

Auditor
M/s. Mushtaq & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

5.00 .79 2.39 .10 .70

Production Desc
yarn

Units
Kgs.

Capacity
8,116,941

Actual Production
10,262,473

166

Allawasaya Textile & Finishing Mills Ltd.

Mumtazabad Industrial Area, Allawasaya Square, Vehari Road, Multan.

Management
Mian Mohammad Jamil(Chairman) Mian Tanvir Ahmad Sheikh(Chief Executive) Mrs. Nusrat Jamil(Director) Mian Mohammad Bilal Ahmad Sheikh(Director) Mian Tauqir Ahmad Sheikh(Director) Mian Mohammad Alamgir Jamil Khan(Director) Mian Anis Ahmad Sheikh(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Allied Bank Limited Bank Al-Habib Ltd. Habib Bank Ltd. United Bank Ltd.

Banker
Habib Metorpolitan Bank Ltd.

Auditor
M/s. M. Yousuf Adil Saleem & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 95.00 95.00 95.00 95.00

Production Desc
yarn

Units
Kgs.

Capacity
13,543,818

Actual Production
11,030,315

Amin Spinning Mills Ltd.

24/D-1, Industrial Estate Mirpur, Azad Kashmir.

Management
Chaudhry Muhammad Saeed(Chief Executive) Chaudhry Muhammad Shaukat(Director) Chaudhry Abid Hussain(Director) Chaudhry Azhar Sadiq(Director) Haji Mohammad Salim(Director) Chaudhry Irfan Younas(Director) Chaudhry Muhammad Euseff(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Habib Bank Ltd. Faysal Bank Ltd.

Banker
National Bank Of Pakistan

Auditor
M/s. M. Hussain Chaudhury & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 6.00 4.44 3.00 3.72

Production Desc
yarn

Units
Kgs.

Capacity
-

Actual Production
4,264,927

167

Annoor Textile Mills Ltd.

901, 9th Floor, Business Plaza, Mumtaz Hassan Road, Karachi.

Management
Mr. Mohammad Ibrahim(Chairman) Mr. Farooq Ibrahim(Chief Executive) Mr. Abdul Qadir(Director) Mr. Muhammad Arshad(Director) Mr. Mohammad Irshad(Director) Mr. Mohammad Anees(Director) Mr. Mohammad Arif(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009

Banker
Habib Metorpolitan Bank Ltd.

Auditor
M/s. Rehman Sarfraz Rahim Iqbal Rafiq

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

5.00 15.50 16.30 13.77 15.41

Production Desc
yarn

Units
Kgs.

Capacity
3,414,735

Actual Production
-

Apollo Textile Mills Ltd.

Suite No. 323, The Forum G-20, Khayaban-e-Jami, Block-9, Clifton, Karachi.

Management
Mr. Ikram Zahur(Chief Executive) Mr. Abdul Rehman Zahur(Director) Mr. Inam Gul(Director) Mr. Riaz Hussain(Director) Mr. Muhammad Liaquat(Director) Mr. Muhammad Tahir Khan(Director) Mr. Abdul Rehman(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Bank Of Punjab

Banker
Habib Metropolitan Bank Limited MCB Bank Ltd. Standard Chartered Bank ( Pakistan) Ltd. Soneri Bank Ltd National Bank Of Pakistan Silk Bank Ltd. 31st October , 2009 30th June , 2009 Face Value

Auditor
M/s. A.R.Khan & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 14.00 19.15 14.00 16.58

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Yarn

Units
Kgs

Capacity
33,802,050

Actual Production
20,227,125

168

Artistic Denim Mills Ltd.

Plot No. 5-9, 23-26, Sector 16, Korangi Industrial Area, Karachi.

Management
Mrs. Maliha Faisal(Chairperson) Mr. Muhammad Ali Ahmed(Director) Mr. Muhammad Iqbal-ur-Rahim(Director) Mr. Muhammed Yousuf Ahmed(Director) Mrs. Sarah Ahmed(Director) Mrs Hajra Ahmed(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 20 27th October , 2009 30th June , 2009 Bank Al Habib Ltd. Faysal Bank Ltd

Banker

Auditor
M/s. Ford, Rhodes, Sidat Hyder & Co.

Mr. Muhammed Faisal Ahmed(Chief Executive) Allied Bank Of Pakistan Ltd.

Natioanl Bank of Paksitan Habib Metorpolitan Bank Ltd. Citi Bank Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 22.46 42.15 13.91 27.49 7

Production Desc
Yarn Fabric Garments

Units
Lbs. Meters Pcs.

Capacity
32,813,500 21,727,000 70,000

Actual Production
20,291,729 13,435,286 50,500

Aruj Garment Accessories Ltd.

Aruj House, 2-KM, Off Raiwind-Manga Road, Raiwind, Lahore.

Management
Mr. Maqsood Ahmed Butt(Chief Executive) Dr. Mrs. Naseem Maqsood(Director) Mrs. Durrya Zara Butt(Director) Mrs. Naheed Muneer(Director) Ms. Aruj Butt(Director) Mr. Ali Maqsood Butt(Director) Mr. Sheikh Ghulam Mustafa(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 15 30th October , 2009 30th June , 2009 Habib Bank Ltd. Bank Al-Habib Ltd. Bank Alfalah Ltd. Faysal Bank Ltd.

Banker

Auditor
M/s. Qadeer & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 8.00 21.85 5.40 12.08 13

Production Desc
Woven Nonwoven

Units
Meters Meters

Capacity
14,040,000 -

Actual Production
9,554,926 -

169

Ashfaq Textile Mills Ltd.

8-A/1, Officers Colony, Susan Road, Faisalabad.

Management
Mr. Ashfaq Ahmed(Chairman/Chief Exec.) Mr. Waseem Ashfaq(Director) Khawaja Muhammad Ilyas(Director) Mirza Muhammad Idrees(Director) Mrs. Shazia Amjad(Director) Mr. Nadeem Ashfaq(Director) Mr. Amjad Aslam(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Habib Bank Ltd. United Bank Ltd.

Banker

Auditor
M/s. Avais Hyder Liaqat Nauman

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 2.50 5.00 1.75 2.11

Production Desc
Yarn Fabric

Units
Kgs Sq. meters

Capacity
1,740,000 26,000,000

Actual Production
1,634,502 20,079,992

Asim Textile Mills Ltd.

16 - C, Peoples Colony, Faisalabad.

Management
Mr. Zahid Anwar(Chief Executive) Mrs. Rukhsana Begum(Director) Mr. Aftab Younis(Director) Mr. Ali Raza Zafar(Director) Mr. Waseem Abbas(Director) Mr. Umer Farooq(Director) Ch. Ghulam Murtaza Buttar(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 KASB Bank Ltd. United Bank Ltd.

Banker
National Bank Of Pakistan

Auditor
M/s. Arshad Raheem & Co.

Al-Baraka Islamic Investment Bank (Bsc) (E.C.) Silk Bank Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.05 2.00 1.00 1.50

Production Desc
Yarn

Units
Kgs.

Capacity
9,218,467

Actual Production
8,677,141

170

Ayesha Textile Mills Ltd.

97-B Gulberg-II, Lahore.

Management
Mr. Mohammed Rafi(Chairman/ C.E.) Mr. Tariq Rafi(Director) Mr. Nisar Anwar(Director) Mr. A.G.K.Lodhi(Director) Mr. Abdullah Rafi(Director) Mr. Anjum Rafi(Director) Mr. Arif Rafi(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Habib Bank Ltd.

Banker
National Bank Of Pakistan Allied Bank Of Pakistan Ltd. Bank Al-Habib Ltd. Habib Metropolitan Bank Ltd. United Bank Ltd. Bank Al-Falah Ltd. 30th October , 2009 30th June , 2009 Face Value

Auditor
M/s. Mushtaq & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 100.00

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Yarn

Units
Kgs.

Capacity
23,530,747

Actual Production
19,528,486

Azam Textile Mills Ltd.

17-Aziz Avenue, Canal Bank, Gulberg-V, Lahore.

Management
Mr. M. Naseem Saigol(Chairman/Chief Exec.) Mr. Muhammad Omer Farooq(Director) Mr. M. Azam Saigol(Director) Mr. Rashid Ahmed Javaid(Director) Mr. Jamal Nasim (NIT)(Director) Mr. Muhammad Athar Rafiq(Director) Mr. Saeed Mian Ansari(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Meezan Bank Ltd. The Bank of Punjab United Bank Ltd.

Banker
Standard Chartered Bank Ltd.

Auditor
M/s. S.P.Amjad & Co.

National Bank Of Pakistan MCB Bank Ltd Faysal Bank Ltd. 31st October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 .95 3.90 .15 1.60

Production Desc
Yarn

Units
Kgs.

Capacity
1,499,113

Actual Production
1,264,700

171

Azgard Nine Ltd.(Legler-Nafees Denim Mills Ltd.)

Ismail Aiwan-i-Science, Off. Shahrah-e-Roomi, Lahore.

Management
Mr. Mueen Afzal(Chairman) Mr. Ahmed H. Sheikh(Chief Executive) Mr. Ahsun M. H. Sheikh(Director) Mr. Irfan Nazir Ahmad(Director) Mr. Khalid A. H. Al-Sagar(Director) Mr. A. Jaudet Bilal(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 8.95 Citibank Ltd.

Banker
The Royal Bank of Scotland Ltd. JS Bank Ltd. M.C.B. Natioanl Bank of Paksitan Habib Bank Ltd. 30th April , 2010 Face Value

Auditor
M/s. Rehman Sarfaraz Rahim Iqbal Rafiq & Co.

Chief Justice (R) Mian Mahboob Ahmad(Director Faysal Bank Ltd.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 20.79 39.70 10.35 23.39 4

31st December , 2009

Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Spinning weaving Garments

Units
Kgs Meters Pieces

Capacity
12,814,834 40,028,613 10,797,583

Actual Production
10,754,318 26,246,413 8,457,943

Babri Cotton Mills Ltd.

Habibabad, Kohat, Kyber Pukhtoonkhua

Management
Mr. Shamim S. Khan(Director) Dr. Shaheen Kuli Khan Khattak(Director) Mrs. Zeb Gohar Ayub(Director) Lt.Gen. (Retd.) Ali Kuli Khan Khattak(Director) Ch. Sher Muhammad(Director) Mrs. Shahnaz Sajjad Ahmad(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 United Bank Ltd. Habib Bank Ltd. Faysal Bank Ltd.

Banker

Auditor
M/s Hameed Chaudhri & Co.

Mr. Raza Kuli Khan Khattak(Chairman/Chief Exe National Bank Of Pakistan

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 5.60 23.25 5.50 14.38

Production Desc
Yarn

Units
Kgs

Capacity
371,453

Actual Production
3,373,705

172

Baig Spinning Mills Ltd.

F-225, Textile Avenue, Street No. 5, S.I.T.E., Karachi.

Management
Dr. Mirza Ikhtiar Baig(Chairman / C.E.O.) Mirza Mukhtar Baig(Director) Mrs. Noureen Baig(Director) Mr. Mohammad Ali Aziz(Director) Mrs. Parveen Zafar(Director) Mrs. Nasreen Tahir(Director) Mr. M. Ishtiaq Baig(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 27th October , 2009 30th June , 2009 Bank Al-Habib Ltd. Bank Al-Falah Ltd.

Banker

Auditor
M/s. Hyder Bhimji & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.00 2.39 .41 .63

Production Desc
Ring Yarn Aotocoro Yarn

Units
Kgs Kgs

Capacity
4,700,000 1,225,000

Actual Production
300,000 98,000

Bhanero Textile Mills Ltd.

Umer House, 23/1, Sector 23, S.M.Farooq Road, Korangi Industrial Area, Karachi.

Management
Mr. Mohammad Salim(Chief Executive) Mr. Khurram Salim(Director) Mr. Mohammad Shaheen(Director) Mr. Faisal Shakeel(Director) Mr. Mohammad Sharif(Director) Mr. Muhammad Amin(Director) Mr. Bilal Sharif(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 20 Citi Bank N. A. Habib Bank Ltd.

Banker

Auditor
M/s. Mushtaq & Co.

Standard Chartered Bank (Pakistan) Ltd. HSBC Bank Middle East Ltd. United Bank Ltd. Dubai Islamic Bank Ltd. Meezan Bank Ltd. 23rd October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 67.66 187.40 67.66 119.81 2

Production Desc
Yarn Fabric

Units
Kgs Sq.Meter

Capacity
23,200,746 26,166,485

Actual Production
26,226,279 24,985,060

173

Bilal Fibres Ltd.

B-403, 4th Floor, City Tower, Main Boulevard, Gulberg-II, Lahore.

Management
Mian Habib Ullah(Chairman) Mr. Naeem Omer(Chief Executive) Mian Muhammad Saleem Umer(Director) Mr. Muhammad Ashgar(Director) Mr. Hafeez Ullah(Director) Mr. Muhammad Zubair(Director) Mr. Amjad Ali(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th October , 2009 30th June , 2009 Bank Of Punjab Meezan Bank Ltd. Silk Bank Ltd. NIB Bank Ltd.

Banker

Auditor
M/s. Mushtaq & Company

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.00 2.00 .50 .94

Production Desc
yarn

Units
Kgs

Capacity
12,610,305

Actual Production
11,974,308

Blessed Textiles Ltd.

Umer Chembers 23/1, Sector 23, S.M.Farooq Road, Korangi Industrial Area, Karachi.

Management
Mr. Mohammad Shaheen(Chief Executive) Mr. Khurram Salim(Director) Mr. Faisal Shakeel(Director) Mr. Mohammad Sharif(Director) Mr. Mohammd Salim(Director) Mr. Muhammad Amin(Director) Mr. Bilal Sharif(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 7.5 23rd October , 2009 30th June , 2009

Banker
HSBC Bank Middle East Ltd. Dubai Islamic Bank Ltd. MCB Bank Ltd. Bank Al-Habib Ltd. Meezan Bank Ltd. United Bank Ltd.

Auditor
M/s. Rehman Sarfaraz Rahim Iqbal Rafiq & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 39.75 79.90 32.10 41.34 2

Production Desc
yarn fabric

Units
Kgs Meters

Capacity
20,413,000 17,483,076

Actual Production
18,689,000 23,892,163

174

Brothers Textile Mills Ltd.

135, Upper Mall, Lahore.

Management
Mrs. Farah Aslam(Director) Mrs. Memoona Idrees(Director) Mian Muhammad Furqan Idrees(Director) Mian Muhammad Omer Idrees(Director) Mrs. Mehr Omer(Director) Syed Haroon Rashid (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 MCB Bank Ltd. NIB Bank Ltd.

Banker

Auditor
M/s. Kaleem & Co.

Mian Muhammad Aslam Bashir(Chief Exec. Offic National Bank of Pakistan

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 .41 1.96 .10 .65

Production Desc
yarn

Units
Kgs

Capacity
5290708

Actual Production
-

Chakwal Spinning Mills Ltd.

Kashana-e-Yousaf, Khawaja Street, Chakwal.

Management
Khawaja Mohammad Jahangir(Chief Executive) Silk Bank Ltd. Khawaja Mohammad Tanveer(Director) Khawaja Mohammad Javed(Director) Khawaja Mohammad Kaleem(Director) Khawaja Mohammad Nadeem(Director) Khawaja Mohammad Naveed(Director) Mr. Mohammad Aman(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009

Banker
National Bank Of Pakistan Askari Commercial Bank Limited Standard Chartered Bank Ltd. Habib Metropolitan Bank Ltd. KASB Bank Ltd.

Auditor
M/s. Hameed Khan & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.00 2.75 .30 1.20

Production Desc
Yarn

Units
Kgs

Capacity
10,610,970

Actual Production
8,271,004

175

Chenab Ltd.
Nishatabad, Faisalabad.

Management
Mian Muhammad Latif(Chief Executive) Mian Muhammad Javaid Iqbal(Director) Mr. Muhammad Naeem(Director) Mr. Muhammad Faisal Latif(Director) Mr. Muhammad Farhan Latif(Director) Mr. Muhammad Rizwan Latif(Director) Mr. Muhammad Zeeshan Latif(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Habib Bank Limited Allied Bank Ltd. Atlas Bank Ltd. Askari Bank Ltd.

Banker
National Bank Of Pakistan

Auditor
M/s. Avais Hyder Liaquat Nauman

Al-Baraka Islamic Bank B.S.C.(E.C.) Bank Al-Falah Ltd. 30th October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 2.79 6.75 1.70 3.41

Production Desc
Fabrics Made ups Garments

Units
Mtrs Mtrs Mtrs

Capacity
9,000,000 59,000,000 3,500,000

Actual Production
6,342,515 41,005,004 2,515,450

Colony Mills Ltd. (Colony Textile Mills Ltd.)

M. Ismail Aiwan-i-Science, Shahrah-e-Jalaluddin Roomi, Ferozepur Road, Lahore.

Management
Mr. Fareed M. Sheikh(Chairman/C.E.) Mr. Muhammad Farooq(Director) Syed Arif Hussain(Director) Mr. Muhammad Azam Barki(Director) Mr. M. Akram Qureshi(Director) Malik Sohail Ahmad(Director) Mr. Bilal Ahmed Khan Niazi(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Silk Bank Ltd. Soneri Bank Ltd. Faysal Bank Ltd.

Banker

Auditor
M/s. Naveed Zafar Hussain Jaffery & Co.

National Bank Of Pakistan Faysal Bank Ltd. The Bank Of Punjab Habib Bank Ltd. 31st October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 5.39 19.50 4.50 11.58

Production Desc
Yarn

Units
Kgs

Capacity
56,192,069

Actual Production
54,970,223

176

Crescent Fibers Ltd. (Crescent Boards Ltd.)

104, Shadman 1, Lahore-54000

Management
Mr. Khawar Maqbool(Chairman) Mr. Imran Maqbool(Chief Executive) Mr. Humayoon Maqbool(Director) Mr. Nadeem Maqbool(Director) Mr. Riaz Masood(Director) Mr. Shahid Riaz(Director) Mr. Iqbal Ismail(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 MCB Bank Ltd. Habib Bank Ltd.

Banker
Natioanl Bank of Paksitan

Auditor
M/s. Ebrahim & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 6.15 14.75 4.10 7.40

Production Desc
Yarn

Units
kgs.

Capacity
16,424,980

Actual Production
11,967,317

D.M. Textile Mills Ltd.

Westridge, Rawalpindi.

Management
Mr. Habib Ullah(Chairman & C.E.) Mr. Hussain Ahmed Qureshi(Director) Rao Khalid Pervez(Director) Mian Muhammad Saleem Omer(Director) Mian Naeem Omer(Director) Syed Obaid ul Haq(Director) Mr. Shahid Anwar (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 NIB Bank Ltd. Silk Bank Ltd.

Banker

Auditor
M/s. Riaz Ahmed & Co.

The Royal Bank of Scotland Ltd. National Bank of Pakistan

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 4.25 13.95 4.18 9.07

Production Desc
Yarn

Units
Kgs

Capacity
10,958,899

Actual Production
9,371,039

177

D.S. Industries Limited

20-K, Gulberg-II, Lahore.

Management
Mr. Pervez Ahmed(Chief Executive) Mr. Ali Pervez Ahmed(Director) Mr. Hassan Ibrahim Ahmed(Director) Mr. Suleman Ahmed(Director) Mr. Atta ur Rehman(Director) Mr. Muhammad Yousuf(Director) Mr. Muntazir Mehdi(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) MCB Bank Ltd.

Banker
M/s. Harwath Hussain Chaudhury & Co, Dawood Islamic Bank Ltd. Habib Bank Ltd. Askari Bank Ltd. KASB Bank Ltd. Meezan Bank Ltd. 31st October , 2009 30th June , 2009 Face Value

Auditor

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 3.09 50.21 2.00 15.23

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Yarn

Units
Kgs

Capacity

Actual Production
10,877,437

Dar Es Salaam Textile Mills Ltd.

63-B-1, Gulberg-III, Lahore.

Management
Mrs. Nilofar Mukhtar(Chairperson) Mr. Faisal Mukhtar(Chief Executive) Ms. Abida Mukhtar(Director) Sh. Parvez Ashraf(Director) Mr. Zulfiqar Ahmad Malik(Director) Mrs. Mahwesh Faisal Mukhtar(Director) Mr. Firasat Ali (N.I.T)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Bank Al-Falah Ltd.

Banker
Standard Chartered Bank ( Pakistan) Ltd. United Bank Ltd. KASB Bank Ltd. The Bank of Punjab Faysal Bank Ltd.

Auditor
M/s. Hassan Naeem & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 2.85 4.50 1.90 2.18

Production Desc
Yarn

Units
Million Kgs

Capacity
7,824

Actual Production
6,966

178

Data Textiles Ltd.

3-A, Race View Jail Road, Lahore.

Management
Mr. Raheel Akhtar(Chief Executive) Mr. Umer Sadik(Director) Mr. Shahid Saleem(Director) Mr. Muhammad Ayub Khan(Director) Mr. Nadeem Zar(Director) Mr. Asif Rahim Khan(Director) Mr. Shamim Ahmed Khan(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009

Banker
Albaraka Islamic Investment Bank B.Sc (E.C) National Bank Of Pakistan NIB Bank Ltd. Royal Bank of Scotland

Auditor
M/S Rafaqat Mansha Mohsin Dossani Masoom &

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 .50 1.75 .16 .60

Production Desc
yarn

Units
Kgs

Capacity

Actual Production

Dawood Lawrencepur Ltd. (Dawod Coton Mills)

35-A, Shahrah-e-Abdul Hameed Bin Badees (Empress Road), Lahore.

Management
Mr. Shahzada Dawood(Chairman) Mr. Inam-ur-Rehman(Chief Executive) Mr. A. Samad Dawood(Director) Mr. Haroon Mahenti(Director) Mr. Isar Ahmad(Director) Mr. Shahid H. Paracha(Director) Mr. S. M. Asghar(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th October , 2009 30th June , 2009 MCB Bank Ltd.

Banker
Habib Metropolitan Bank Ltd. Habib Bank Ltd. Mezan Bank Ltd. Bank Al-Habib Ltd.

Auditor
M/s. Moochhala Gangat & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 34.68 149.95 23.30 59.83

Production Desc
yarn Cloth Polyester Yarn

Units
Kgs Sq. meters Kgs.

Capacity
25,519,000 5,060,000 1,400,000

Actual Production
229,000 796,000 -

179

Dewan Farooque Spinning Mills Ltd.

Finance & Trade Centre, Block-A, 7th Floor, Shahrah-e-Faisal, Karachi.

Management
Dewan Mohammad Yousuf Farooqui(Chairman) MCB Bank Ltd. Dewan Abdul Baqi Farooqui(Chief Executive) Dewan Asim Mushtaq Farooqui(Director) Dewan Abdullah Ahmed Farooqui(Director) Dewan Abdul rehman Farooqui(Director) Mr. Haroon Iqbal(Director) Mr. Abrar Manzoor(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 29th October , 2009 30th June , 2009 United Bank Ltd.

Banker

Auditor
M/s. Feroze Sharif Tariq & Co.

Standard Chartered Bank (Pakistan) Ltd. Silk Bank Ltd. Mybank Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.20 9.17 1.18 3.30

Production Desc
Yarn

Units
Lbs.

Capacity
10,220,000

Actual Production
19,418,000

Dewan Khalid Textile Mills Ltd.

Finance & Trade Centre, Block-A, 8th Floor, Shahrah-e-Faisal, Karachi.

Management
Dewan Mohammad Yousuf Farooqui(Chairman) Habib Bank Ltd. Dewan Abdul Baqi Farooqui(Chief Executive) Dewan Asim Mushfiq Farooqui(Director) Dewan Abdul Rehman Farooqui(Director) Dewan Abdullah Ahmed Farooqui(Director) Mr. Haroon Iqbal(Director) Mr. Abrar Manzoor(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 29th October , 2009 30th June , 2009 MCB Bank Ltd. Bank Alfalah Ltd.

Banker

Auditor
M/s. Feroze Sharif Tariq & Co.

Askari Commercial Bank Ltd. Silk Bank Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 4.00 14.50 4.00 9.25

Production Desc
Yarn

Units
Kgs

Capacity
7,600,000

Actual Production
6,825,663

180

Dewan Mushtaq Textile Mills Ltd.

Finance & Trade Centre, Block-A, 8th Fllor, Shahrah-e-Faisal, Karachi.

Management
Dewan Mohammad Yousuf Farooqui(Chairman) MCB Bank Ltd. Dewan Abdullah Ahmed Farooqui(Chief Executiv Habib Bank Ltd. Dewan Abdul Baqi Farooqui(Managing Director) Silk Bank Ltd. Dewan Asim Mushfiq Farooqui(Director) Dewan Abdul Rehman Farooqui(Director) Mr. Haroon Iqbal(Director) Mr. Aziz-ul-Haque(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 29th October , 2009 30th June , 2009

Banker

Auditor
M/s. Feroze Sharif Tariq & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 17.86 18.86 17.86 18.40

Production Desc
Yarn 6

Units
Kgs

Capacity
10,522,629

Actual Production
9,492,977

Dewan Textile Mills Ltd.

Finance & Trade Centre, Block-A, 8th Floor, Shahrah-e-Faisal, Karachi.

Management
Dewan Mohammd Yousuf Farooqui(Chairman) Dewan Abdul Baqi Farooqui(Chief Executive) Dewan Abdul Rehman Farooqui(Director) Dewan Asim Mushfiq Farooqui(Director) Dewan Muhammad Hamza Farooqui(Director) Mr. Haroon Iqbal(Director) Mr. Aziz-ul-Haque(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Silk Bank Ltd. Habib Bank Ltd.

Banker

Auditor
M/s. Faruq Ali & Co.

Standard Chartered Bank (Pakistan) Ltd. United Bank Ltd. NIB Bank Ltd. Bank Al-Falah Meezan Bank Ltd.

29th October , 2009 30th June , 2009

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 8.31 22.50 8.31 15.41

Production Desc
Yarn

Units
Kgs

Capacity
9,680,000

Actual Production
16,793,330

181

Din Textile Mills Ltd.

Din House, 35-A/1, Lalazar Area, Opp. Beach Luxury Hotel, M.T.Khan Road, Karachi

Management
Mr. Shahzad Naseer(Director) Mr. Irfan Muneer(Director) Shaikh Muhammed Pervez(Director) Shaikh Muhammad Naseer(Director) Shaikh Muhammad Tanveer(Director) Mr. Farhad Shaikh Mohammad(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%)

Banker
Habib Metorpolitan Bank Ltd. Citibank N.A. Allied Bank Ltd. Braclays PLC, Pakistan Faysal Bank Ltd. Meezan Bank Ltd. 10th October , 2009 30th June , 2009 Face Value

Auditor
M/s. Mushtaq & Co.

Shaikh Muhammad Muneer(Chairman/Chief Exe Standard Chartered Bank ( Pakistan) Ltd.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 12.91 24.00 12.91 18.46

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Yarn

Units
Kgs

Capacity
20,872,091

Actual Production
19,687,033

Elahi Cotton Mills Ltd.

270-Sector I-9, Industrial Area, Islamabad.

Management
Mr. Mahboob Elahi(Chief Executive) Mr. S.M.Raunaq-ud-Din(Director) Mr. Mahfooz Elahi(Director) Mr. Mahmood Elahi(Director) Mr. Naveed Akhtar(Director) Mr. Abdul Rasheed(Director) Mr. Farrukh Ahmed(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 28th October , 2009 30th June , 2009

Banker

Auditor
M/s. BDO Ebrahim & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.50 6.95 1.25 3.04

Production Desc
Yarn

Units
Lbs

Capacity
4,679,483

Actual Production
3,128,250

182

Ellcot Spinning Mills Ltd.

Nagina House, 91-B-1, M.M.Alam Road, Gulberg-III, Lahore.

Management
Shaikh Enam Ellahi(Chairman) Mr. Syed Mohsin Gilani(Director) Mr. Shahzada Ellahi Shaikh(Director) Mr. Shafqat Ellahi Shaikh(Director) Mr. Shaukat Elahi Sheikh(Director) Mr. S. M. Yusuf(Director) Mr. Jamal Nasim (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 7.5 26th October , 2009 30th June , 2009

Banker

Auditor
M/s. Rahman Sarfaraz Rahim Iqbal Rafiq & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 9.90 23.85 9.90 12.24 6

Production Desc
yarn Power

Units
Kgs MW hours

Capacity
13,654,540 121,414

Actual Production
11,703,132 65,983

Faisal Spinning Mills Ltd.

Umer House, 23/1, Sector 23, S.M.Farooq Road, Korangi Industrial Area, Karachi.

Management
Mr. Mohammad Sharif(Chief Executive) Mr. Faisal Shakeel(Director) Mr. Adil Shakeel(Director) Mr. Khurram Salim(Director) Mr. Mohammad Salim(Director) Mr. Mohammad Shaheen(Director) Mr. Bilal Sharif(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 7.5 Habib Bank Ltd. Citibank Na United Bank Limited

Banker

Auditor
M/s. Mushtaq & Co.

Standard Chartered Bank (Pakistan) Ltd. Braclays PLC, Pakistan HSBC Bank Middle East Ltd. Meezan Bank Ltd. 23rd October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 30.97 44.85 30.97 37.91 3

Production Desc
yarn fabric

Units
kgs Meters

Capacity
11,434,172 41,107,384

Actual Production
11,004,531 41,891,009

183

Fateh Sports Wear Ltd.

Mirpurkhas Road, Hyderabad.

Management
Mr.Rauf Alam(Chairman/Chief Exec.) Mr. Faraz Alam(Director) Mrs. Najma Roshan(Director) Mr. Muhammad Mohsin(Director) Mr. Muhammad Naveed(Director) Mr. Saeed Alam(Director) Mr. Aftab Alam(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 29th October , 2009 30th June , 2009

Banker
Allied Bank Of Pakistan Ltd. Askari Commercial Bank Ltd. MCB Bank Ltd

Auditor
M/s. Tanwir Arif & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 9.50

Production Desc
Sports garment

Units

Capacity

Actual Production

Fateh Textile Mills Ltd.

A/4, Hali Road, S.T.I.T.E., Hyderabad

Management
Mr. Gohar Ullah(Chairman) Mr. Humayun Barkat(Chief Executive) Mr. Asad Ullah Barkat(Director) Mr. Maqsood Ahmed Khan(Director) Mr. Muhammad Saleem(Director) Mr. Muhammad Ayub (NIT)(Director) Mr. Soofi Taj Muhammad(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 10 MCB Bank Ltd

Banker
Standard Chartered Bank National Bank Of Pakistan Deutsche Bank Askari Commercial Bank Ltd. Habib Bank Ltd. Allied Bank Of Pakistan Ltd. 31st October , 2009 30th June , 2009 Face Value

Auditor
M/s. Rahim Jan & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 468.35 598.50 518.94 575.00 0

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
yarn

Units
Kgs

Capacity
9,400,000

Actual Production
-

184

Fatima Enterprises Ltd.

Solvent Plant 487-A, Mumtazabad, Vehari Road, Multan.

Management
Sheikh Nishat Ahmad(Chief Executive) Mr. Muhammad Idrees(Director) Malik Imam Bukhsh(Director) Mr. Muhammad Saeed Khan(Director) Sheikh Zafar Iqbal(Director) Mr. Muhammad Islam(Director) Mr. Ashar Fazal(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) MCB Bank Ltd

Banker
Allied Bank Of Pakistan Ltd. Soneri Bank Limited Askari Commercial Bank Limited Habib Bank Ltd. The Royal Bank of Scottland Ltd. Bank Al-Falah Ltd. 31st October , 2009 30th June , 2009 Face Value

Auditor
M/s. Ahmad Mushir & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 17.05 21.00 16.00 18.50

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Spinning Weaving Oil

Units
Kgs Meters M. Tons

Capacity
20,015,668 38,602,478 21,568

Actual Production
14,651,983 37,070,908 3,400

Fawad Textile Mills Ltd.

6 - F, Block 'H' Gulberg II, Lahore.

Management
Sheikh Umar Farooq(Chairman/ C.E.) Mrs. Najma Firdous(Director) Mr. Aamir Rasool Khan(Director) Mr. Khalid Javaid Khan(Director) Mr. Kashif Rasool Khan(Director) Mr. Muhammad Imran Khan(Director) Mr. Saleem Akhter(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Soneri Bank Ltd. Habib Bank Ltd. Meezan Bank Ltd. The Bank Of Punjab

Banker

Auditor
M/s. M. Yousuf Adil Saleem & Co.

Pakistan Kuwait Investment Co. (Pvt) Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 9.50

Production Desc
Yarn

Units
kgs

Capacity
5,143,739

Actual Production
3,281,685

185

Fazal Cloth Mills Ltd.

1st Floor, 16 Bank Square, Lahore

Management
Sheikh Naseem Ahmed(Chairman & C.E.) Mr. Fahd Mukhtar(Director) Mr. Faisal Ahmed Mukhtar(Director) Mr. Amir Naseem Sheikh(Director) Mr. Rehman Naseem(Director) Mr. Firasat Ali (NIT)(Director) Mr. Fazal Ahmed Sheikh(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) MCB Bank Ltd. Habib Bank Ltd.

Banker

Auditor
M/s. M. Yousaf Adil Saleem & Co.

Askari Commercial Bank Ltd. United Bank Ltd. National Bank Of Pakistan Soneri Bank Ltd. Meezan Bank Ltd. 31st October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 16.26 57.57 16.25 36.91

Production Desc
Yarn

Units
Kgs.

Capacity
31,341,113

Actual Production
52,203,710

Fazal Textile Mills Ltd.

LA-2/B, Block-21, Rashid Minhas Road, Federal 'B' Area, Karachi.

Management
Mr. M. Yunus A. Aziz(Chairman) Mr. Sohail M.Yunus(Chief Executive) Mr. Javed M. Yunus(Director) Mr. Ilyas Ismail(Director) Mr. Imran M. Yunus(Director) Miss Maryam Razzak(Director) Mr. Muhammad Ali A. Razak(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 15 Citibank N.A. Habib Bank Ltd. Bank Al-Falah Ltd. Bank Al-Habib Ltd.

Banker
Royal Bank of Scotland

Auditor
M/s. Hyder Bhimji & Co.

Habib Metropolitan Bank Ltd. Standard Charterd Bank 28th October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 355.00 778.14 335.35 425.93 0

Production Desc
Spinning Knitting

Units
Lbs Kgs

Capacity
48,990,026 1,485,000

Actual Production
48,739,567 740,923

186

Gadoon Textile Mills Ltd.

APTMA House, Tehkal Payan, Jamrud Road, Peshawar.

Management
M. Younus A. Aziz Tabba(Chairman) Mr. Sohail M. Yunus Tabba(Chief Executive) Mr. Ilyas Ismail Moten(Director) Mr. M. Javed M. Yunus Taba(Director) Miss Marium Razzak(Director) Mr. Muhammad Ali A. Razzak Tabba(Director) Mr. Muhammad Rafiq (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Citibank N.A.

Banker
Natioanl Bank of Paksitan Braclays PLC, Pakistan United Bank Ltd. Bank Al-Habib Ltd. Habib Metropolitan Bank Ltd. Bank Alfalah Ltd. 19th October , 2009 30th June , 2009 Face Value

Auditor
M/s.M. Yousuf Adil Salim & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 16.02 57.95 16.00 31.77

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Yarn

Units
Kgs

Capacity
77,773,484

Actual Production
38,006,575

Ghazi Fabrics International Ltd.

8-C, Block E-III, Gulberg-III, Lahore.

Management
Mr. Mohammad Arshad Chaudhry(Chairman/ C.EHabib Bank Ltd. Mrs. Azra Yasmin(Director) Mr. Rizwan Arshad(Director) Mr. Kamran Arshad(Director) Miss. Fariha Arshad(Director) Miss. Wajeeha Arshad(Director) Mr. Muhammad Tariq(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 24th October , 2009 30th June , 2009 United Bank Ltd.

Banker

Auditor
M/s. Qadeer & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 2.50 5.70 1.01 3.34

Production Desc
yarn Cloth

Units
Kgs. Sq. Meters

Capacity
-

Actual Production
15,951,196 62,053,270

187

Glamour Textile Mills Ltd.

11 - K. M, Manga - Raiwind Road, Kasur.

Management
Mr. Azhar Elahi(Chairman/ C.E.) Mr. Asad Elahi(Director) Mr. Ather J. Elahi(Director) Mr. Mansoor Elahi(Director) Mrs. Noureen Asad(Director) Mrs. Shafqat Azhar(Director) Mrs. Mehnaz Ather Elahi(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Soneri Bank Ltd

Banker
Standard Chartered Bank Ltd.

Auditor
M/s. Mushtaq & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 4.50 9.00 4.50 6.75

Production Desc
yarn

Units
Kgs

Capacity
6,785,551

Actual Production
6,633,236

Globe Textile Mills (OE) Ltd.

105, Ibrahim Trade Tower, Shahrah-e-Faisal, Karachi.

Management
Mr. Arif Haji Habib(Chief Executive) Ms. Farzana Arif(Director) Mst. Gul Bano Haji Habib(Director) Mr. Misbah Arif(Director) Mr. Saman Arif(Director) Ms. Humaira Arshad(Director) Mr. Arshad Arif(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th October , 2009 30th June , 2009 Bank Al-Falah Ltd.

Banker
Askari Commercial Bank Ltd.

Auditor
M/s. Hyder Bhimji & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 14.75 9.25 6.20 7.73

Production Desc
Yarn

Units
Kgs

Capacity
1,905,091

Actual Production
1,808,838

188

Globe Textile Mills Ltd.

105, Ibrahim Trae Tower, Shahrah-e-Faisal, Karachi.

Management
Mr. Arif Haji Habib(Chief Executive) Ms. Farzana Arif(Director) Ms. Sameera Yasin Saya(Director) Miss. Farzeen Fazl-e-Umer(Director) Mst. Gul Bano Haji Habib(Director) Miss. Misbah Arif(Director) Mr. Arshad Arif(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 26th November , 2009 30th June , 2009 MCB Bank Ltd.

Banker
Askari Commercial Bank Ltd.

Auditor
M/s. Hyder Bhimji & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 9.25 9.25 6.20 8.05

Production Desc
Yarn

Units
Kgs

Capacity
-

Actual Production
-

Gul Ahmed Textile Mills Ltd.

Plot No.82, Main National Highway, Landhi, Karachi.

Management
Mr. Siraj Kassam Teli(Director) Mr. Muhammad Junaid(Director) Mr. Ziad Bashir(Director) Mr. Zain Bashir(Director) Mr. Abdul Razak Teli(Director) Mr. Abdul Aziz Yousuf(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) United Bank Ltd.

Banker

Auditor
Hyder Bhimji & Co.

Mr. Bashir Ali Mohammed(Chairman/Chief Exec. Allied Bank Of Pakistan National Bank Of Pakistan NIB Bank Ltd. Bank Al-Habib Ltd. Meezan Bank Ltd. The Royal Bank of Scotland Ltd. 30th October , 2009 30th June , 2009 Face Value

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 38.84 51.40 30.00 40.70

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Cloth Yarn

Units
Sq. meters Kgs

Capacity
118,870,000 48,227,000

Actual Production
85,180,000 37,857,000

189

Gulistan Spinning Mills Ltd.

2nd Floor, Finlay House, I.I.Chundrigar Road, Karachi.

Management
Mr. Abdul Shakoor(Chairman) Mr. Naseer Ahmed(Chief Executive) Mr. Tanveer Ahmed(Director) Mr. Muhammad Younus(Director) Mr. Sohail Maqsood(Director) Mr. Muhammad Abdullah(Director) Mr. Riaz Ahmad(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 10 29th October , 2009 30th June , 2009 Habib Bank Ltd. United Bank Ltd.

Banker
National Bank Of Pakistan

Auditor
M/s. Mushtaq & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 4.25 7.89 3.23 5.56 26

Production Desc
Yarn

Units
Kgs

Capacity
8,029,854

Actual Production
7,416,142

Gulistan Textile Mills Ltd.

2nd Floor, Finlay House, I.I.Chundrigar Road, Karachi.

Management
Mr. Abdul Shakoor(Chairman) Mr. Naseer Ahmed(Chief Executive) Mr. Tanveer Ahmed(Director) Mr. Sohail Maqsood(Director) Mr. Muhammad Tanveer(Director) Mr. Muhammad Abdullah(Director) Mr. Riaz Ahmad(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 10 Habib Bank Ltd.

Banker
National Bank Of Pakistan United Bank Ltd. Askari Comm. Bank Ltd. MCB Bank Ltd. Allied Bank Ltd. Bank Al-Falah 30th October , 2009 30th June , 2009 Face Value

Auditor
M/s. Mushtaq & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 9.00 26.73 9.00 14.68 7

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
yarn

Units
Kgs

Capacity
41,050,000

Actual Production
399,345,909

190

Gulshan Spinning Mills Ltd.

2nd Floor, Finlay House, I.I.Chundrigar Road, Karachi.

Management
Mr. Abdul Shakoor(Chairman) Mr. Tanveer Ahmed(Chief Executive) Mr. Riaz Ahmed(Director) Mr. Naseer Ahmed(Director) Mr. Mohammad Abdullah(Director) Mr. Sohail Maqsood(Director) Mr. Aziz Hussain(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 10 United Bank Ltd.

Banker
National Bank Of Pakistan Habib Bank Ltd. Faysal Bank Ltd. Bank Alfalah Ltd. The Bank of Punjab MCB Bank Ltd. 29th October , 2009 30th June , 2009 Face Value

Auditor
M/s. Hameed Chaudhry & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 5.00 7.89 3.23 5.56

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Yarn

Units
Kgs

Capacity
18,140,662

Actual Production
17,666,666

Hafiz Textile Mills Ltd.

97, Alliance Building, 2nd Floor, Moolji Street, Mereweather Tower, Karachi.

Management
Mr. Fakhruddin Usmani(Chief Executive) Mr. Quamruddin Usmani(Director) Mr. Mohammad Farooq Usmani(Director) Mr. Mahmood Wali Muhammad(Director) Mr. Muhammad Atiq(Director) Mr. Ali Muhammad Usmani(Director) Mr. Muhammad Shahzad Fakir(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 7.5 28th October , 2009 30th June , 2009 Habib Bank Ltd.

Banker
Habib Metropolitan Bank Ltd. Natioanl Bank of Paksitan NIB Bank Ltd.

Auditor
M/s. Moochhala Gangat & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 15.50 20.60 14.65 17.63 8

Production Desc
Yarn

Units
Kgs.

Capacity
119,504

Actual Production
-

191

Haji Mohammad Ismail Mills Ltd.

408-Commerce Centre, Hasrat Mohani Road, Karachi.

Management
Mr. Najeeb Mushtaq Vohra(Chief Executive) Mr. Ikram Ahmed(Director) Mr. Mohammad Irfan(Director) Mr. Wazir Khan(Director) Mr. Mohammad Sadiq(Director) Mr. Essa Khan(Director) Mr. Muhammad Sarfraz(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 NIB Bank Ltd.

Banker
Askari Commercial Bank Ltd. National Bank Of Pakistan

Auditor
M/s. A. R. Khan & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 .75 2.61 .32 .84

Production Desc
Yarn

Units
Million Kgs

Capacity
-

Actual Production
-

Hajra Textile Mills Ltd.

45-50 Industrial Area, Gulberg-III, Lahore.

Management
Mr. Noor Ellahi(Chairman) Mr. M. Hussain Ellahi(Director) Mr. Rana Muhammad Saeed(Director) Mr. Ahmed Elahi(Director) Mr. Salman Yaqub Sheikh(Director) Mr. Muhammad Shafiq Bhatti(Director) Mr. Shahid Aziz (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 The Bank Of Punjab Silk Bank Ltd.

Banker
Allied Bank Of Pakistan Ltd.

Auditor
M/s. Munaf Yusuf & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.90 3.80 1.99 2.79

Production Desc
yarn

Units
Million Kgs

Capacity
8.400

Actual Production
11,625

192

Hala Enterprises Ltd.

120-E/1, Gulberg III, Lahore

Management
Mr. Tahir Jahangir(Chairman/CE/MD) Mr. Jillani Jahangir(Director) Miss. Munizae Jahangir(Director) Miss. Sulema Jahangir(Director) Sh. Ijaz Ahmad(Director) Mr. Abdul Munaf(Director) Mr. Andrew McMullen(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th October , 2009 30th June , 2009 Faysal Bank Ltd. United Bank Ltd.

Banker
National Bank Of Pakistan

Auditor
M/s. Horwath Hussain Chaudhary & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 3.51 4.01 2.00 3.01

Production Desc
Cotton yarn

Units
Kgs.

Capacity
1,562,400

Actual Production
939,313

Hamid Textile Mills Ltd.

97-N, Model Town Extension, Lahore.

Management
Mr. Muhammad Zafar Saeed(Director) Mrs. Abida Omar(Director) Mrs. Bushra Khurram(Director) Mr. Muhammad Alamgir(Director) Mr. Khurram Sattar Malik(Director) Mr. Abdul Aziz(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 22nd October , 2009 30th June , 2009

Banker
National Bank Of Pakistan Bank Al-Falah Ltd. Meezan Bank Ltd. Silk Bank Ltd.

Auditor
M/s. Sarwar Awan & Co.

Mr. Khawar Almas Khawaja(Chairman / C.E.O.) Standard Chartered Bank ( Pakistan) Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 .65 1.01 .50 .73

Production Desc
Weaving Spinning Note: Failed to hold AGM and

Units
Th. Sq. meters Th. Lbs.

Capacity
9,252 8,595

Actual Production
4,258 4,186

193

Hira Textile Mills Ltd.

44-E/1, Gulberg-III, Lahore.

Management
Mr. Muhammad Umer Virk(Chairman) Mr. Nadeem Aslam Butt(Chief Executive) Mr. Umair Umer(Director) Mrs. Shahnaz Umer(Director) Mrs. Fatima Nadeem(Director) Mrs. Sadiya Umair(Director) Mr. Saeed Ahmed Khan(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 MCB Bank Ltd. NIB Limited

Banker

Auditor
M/s. M. Yousaf Adil Saleem & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 3.13 6.38 1.26 3.42

Production Desc
Spinning

Units
Kgs.

Capacity
14,953,423

Actual Production
13,754,241

Husein Industries Ltd.

Plot No. HT-8, Landhi Industrial & Trading Estate, Landhi, Karachi

Management
Mr. Aziz L. Jamal(Chairman/Chief Exec.) Mrs. Aisha Bai Suleman(Director) Mr. Hussein Jamal(Director) Mr. Ahsan Jamal(Director) Mr. Rashid L.Jamal(Director) Mr. Akhtar Wasim Dar(Director) Miss. Hina Abdul Rashid(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Habib Bank Ltd.

Banker
Habib Metorpolitan Bank Ltd.

Auditor
M/s. Hyder Bhimji & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 9.50 15.19 5.20 8.02

Production Desc
Yarn Cloth

Units
Kgs. Th. Sq. meters

Capacity
10,444,684 7,154

Actual Production
8,213,988 7,694

194

ICC Textiles Ltd.

242-A, Anand Road, Upper Mall, Lahore.

Management
Mr. Shafiq A.Siddiqi(Chief Executive) Mr. Tariq Rehman(Director) Mr. Tahir Rehman(Director) Mr. Usman Haq(Director) Mr. Haris Noorani(Director) Mr. Suhail Mannan(Director) Mr. Javaid S.Siddiqi(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th October , 2009 30th June , 2009 Faysal Bank Ltd. MCB Bank Ltd.

Banker
The Royal Bank of Scotland Ltd.

Auditor
M/s. Anjum Asim, Shahid Rehman

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.20 2.75 .33 1.12

Production Desc
Fabric

Units
Sq. meters

Capacity
4,000,000

Actual Production
3,500,000

Ideal Spinning Mills Ltd.

Room No. 404,405, 4th Floor, Business Centre, Dunally Road, Karachi.

Management
Mr. Nisar Ahmed Sheikh(Chairman) Mr. Shahzad Ahmad(Director) Mr. M. Anwar Sajjad(Director) Mr. Mohammad Arshad(Director) Mr. Saad Ashraf (NIT)(Director) Mr. Amjad Saeed(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009

Banker
Allied Bank of Pakistan Bank Al-Falah Ltd. Bank Al-Habib Ltd. Bank of Punjab Habib Metropolitan Bank Ltd.

Auditor
M/s. Riaz Ahmad & Co.

Mr. Mohammad Saeed Sheikh(Chief Executive) Albaraka Islamic Investment Bank

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.90 3.50 1.41 1.68

Production Desc
Spinning Weaving

Units
Kgs Sq. Mt.

Capacity
5,826,492 18,712,577

Actual Production
6,296,286 15,908,179

195

Idrees Textile Mills Ltd.

6-C, Ismail Centre, 1st Floor, Central Commercial Area, Bahadurabad, Karachi.

Management
Mr. S. M. Idrees Allawala(Chairman) Mr. Imran Idrees Allawala(Chief Executive) Mrs. Saba Kamran(Director) Mr. Kamran Idrees Allawala(Director) Mr. Mansoor Idrees Allawala(Director) Mr. Muhammad Israil(Director) Mr. Naeem Idrees Allawala(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Soneri Bank Ltd. Bank Alfalah Ltd., Habib Bank Ltd.

Banker
National Bank Of Pakistan

Auditor
M/s. M. Yusuf Adil Saleem & Co.

Habib Metropolitan Bank Ltd. Emirtes Global Islamic Bank Ltd. Silk Bank Ltd. 30th October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 1.99 5.70 1.80 3.08

Production Desc
Yarn

Units
Kgs

Capacity
14,795,745

Actual Production
11,761,725

Indus Dyeing & Manufacturing Co. Ltd.

Room No. 508, 5th Floor, Beaumont Plaza, Civil Lines Quarters,Karachi.

Management
Mian Mohammed Ahmed(Chairman) Mr. Shahzad Ahmed(Chief Executive) Mr. Imran Ahmed(Director) Mr. Irfan Ahmed(Director) Mr. Kashif Riaz(Director) Mr. Shafqat Masood(Director) Mian Riaz Ahmed(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 15 29th October , 2009 30th June , 2009 Soneri Bank Ltd. Faysal Bank Ltd. Meezan Bank Ltd. Bank Al-Falah Ltd. Habib Bank Ltd.

Banker

Auditor
M/s. Yousuf Adil Saleem & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 48.95 80.19 35.35 46.92 3

Production Desc
Spinning Yarn

Units
Lbs

Capacity
97,733,267

Actual Production
89,647,782

196

International Knitwear Ltd.

F-2/A ( L ), S.I.T.E. Karachi.

Management
Mr. Naeem Shafi(Chief Executive) Mr. Waseem Shafi(Director) Mr. Zahid Ali(Director) Mr. Qamar Mashkoor(Director) Mr. Sajid Hussain(Director) Mr. Muhammad Arshad(Director) Mr. Iqbal Ahmed Khan(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 7.5 7.5 24th October , 2009 30th June , 2009 Habib Bank Ltd. Bank Al-Habib Ltd.

Banker

Auditor
M/s. Rao & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 13.70 21.85 11.70 16.78 64

Production Desc
Export Dyeing

Units
Pcs. Kgs.

Capacity
400,000 1,800,000

Actual Production
400,000 1,800,000

Ishaq Textile Mills Ltd.

Room No. 404, 405, 4th Floor, Business Centre, Dunally Road, Karachi.

Management
Mr. Mohammad Arshad(Chairman) Mr. Nisar Ahmad Sheikh(Chief Executive) Mr. Shahzad Ahmad Sheikh(Director) Mr. M. Anwar Sajjad(Director) Mr. Mohammad Saeed Sheikh(Director) Mr. Shoaib Ahmed Khan (NIT)(Director) Mr. Amjad Saeed(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Faysal Bank Ltd.

Banker
Albaraka Islamic Investment Bank B.S.C(E.C) Allied Bank Ltd. Bank Alflah Limited Bank Al-Habib Limited Habib Bank Ltd. United Bank Ltd. 31st October , 2009 30th June , 2009 Face Value

Auditor
M/s. Riaz Ahmad & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 3.73 7.80 2.75 5.28

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Yarn Cloth

Units
Kgs. Sq. Meters

Capacity
4,858,000 41,570,493

Actual Production
4,630,115 36,089,058

197

Ishtiaq Textile Mills Ltd.

155 - Napier Road, Karachi.

Management
Dewan Abu Obaida Farooqui(Director) Dewan Abu Saeed Farooqui(Director) Dewan M. Emran Farooqui(Director) Dewan M. Rehan Farooqui(Director) Dewan M. Rizwan Farooqui(Director) Dewan M. Uzair Farooqui(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 28th October , 2009 30th June , 2009

Banker
Habib Metorpolitan Bank Ltd. MCB Bank Ltd Bank Al-Falah Ltd.

Auditor
M/s. Faruq Ali & Co.

Dewan Zubair Ahmed Farooqui(Chairman/Chief National Bank Of Pakistan

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 10.30 10.30 10.30 10.30

Production Desc
Cotton yarn

Units
Kgs.

Capacity
4,632,000

Actual Production
1,348,827

Island Textile Mills Ltd.

Office No. 8, 8th Floor, Textile Plaza, M. A . Jinnah Road, Karachi.

Management
Mr. Anwar Ahmed Tata(Chairman) Mr. Shahid Anwar Tata(Chief Executive) Mr. Adeel Shahid Anwar Tata(Director) Mr. Javed Ahmed(Director) Mr. Kausar Ejaz(Director) Mr. Ajaz Ahmed Tariq(Director) Mr. Farooq Advani(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 24th October , 2009 30th June , 2009 Soneri Bank Ltd. MCB Bank Ltd. Bank Al-Falah Ltd.

Banker

Auditor
M/s. M. Yousuf Adil Saleem & Co.

The Royal Bank of Scotland Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 67.95 113.43 67.95 90.69

Production Desc
Yarn

Units
Kgs

Capacity
5,372,403

Actual Production
7,617,679

198

J.A. Textile Mills Ltd.

16-C Peoples Colony, Faisalabad.

Management
Mr. Imran Zahid(Chief Executive) Miss. Quratul Ain Rehan(Director) Mr. Jamil Ahmad Tahir(Director) Mr. Muhammad Shehzad(Director) Mr. Shafaqat Ali(Director) Mr. Riaz Ahmed(Director) Mr. Muhammad Zulqurnain(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Silk Bank Ltd. United Bank Ltd.

Banker

Auditor
M/s. Hyder Bhimji & Co.

Al-Baraka Islamic Bank B.S.C.(E.C.) National Bank Of Pakistan

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.50 8.20 1.00 3.37

Production Desc
Yarn

Units
Kgs

Capacity
6,894,209

Actual Production
4,833,030

J.K. Spinning Mills Ltd.

3-1/A Peoples Colony, Faisalabad.

Management
Mr. Jawed Anwar(Chairman/ C.E.) Mr. Shaiq Jawed(Director) Mrs. Farhat Jehan(Director) Mrs. Nageen Faiq(Director) Mrs. Samina Abid(Director) Syed Hussain Shahid Mansoor Naqvi(Director) Mr. Faiq Jawed(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009

Banker
Al-Baraka Islamic Bank B.S.C.(E.C.) Askari Commercial Bank Ltd. Standard Chartered Bank (Pakistan) Ltd. NIB Bank Ltd. United Bank Limited The Bank Of Punjab

Auditor
M/s Zahid Jamil & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.15 9.99 1.15 5.57

Production Desc
Yarn

Units
Kgs

Capacity
10,031,126

Actual Production
10,118,054

199

Janana De Malucho Textile Mills Ltd.

Habibabad, Kohat, Khyber Pukhtoonkhua

Management
Mr. Raza Kuli Khan Khattak(Chairman) Mrs. Zeb Gohar Ayub Khan(Director) Dr. Shaheen Kuli Khan(Director) Mrs. Shenaz Sajjad Ahmed(Director) Mr. Mushtaq Ahmad Khan (FCA)(Director) Mr. Ahmad Kuli Khan Khattak(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Bank Al-Falah Ltd. Habib Bank Ltd. United Bank Ltd.

Banker

Auditor
M/s. Hameed Chaudhri & Co.

Lt. Gen. (Retd.) Ali Kuli Khan Khattak(Chief Exec National Bank Of Pakistan

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 6.40 77.00 5.00 37.30

Production Desc
Yarn

Units
Kgs

Capacity
11,790,623

Actual Production
22,016,076

Jubilee Spinning & Weaving Mills Ltd.

40-A, Zafar Ali Road, Gulberg-V, Lahore.

Management
Mr. Shams Rafi(Chief Executive) Mr. Shaukat Shafi(Director) Mr. Umer Shafi(Director) Mr. Mohammed Arshad(Director) Mr. Masood A. Shaikh(Director) Mr. Salman Rafi(Director) Mr. Ahmed Shafi(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%)

Banker
Habib Metropolitan Bank Ltd. Standard Chartered Bank ( Pakistan) Ltd. National Bank Of Pakistan Habib Bank Ltd. Bank Al-Habib Ltd. NIB Bank Ltd. Emirtes Global Islamic Bank Ltd. 29th October , 2009 30th June , 2009 Face Value

Auditor
M/s. Riaz Ahmed & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 2.99 4.00 1.50 2.75

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
yarn Power Plant

Units
Kgs KW

Capacity
2,258,179 1,053

Actual Production
1,390,622 654

200

Karim Cotton Mills Ltd.

14/E, 2nd Floor, Writers Chambers, Mumtaz Hassan Road, Karachi.

Management
Mr. Muhammad Idrees Haji Ebrahim(Chief Execu MCB Bank Ltd. Mr. Abdul Wahid Umer(Director) Mr. Abu Talib Muhammad Yunus(Director) Mr. Zain ul Abid Muhammad Yunus(Director) Mr. Muhammad Mudassir Iqbal (NIT)(Director) Mr. Muhammad Arif Abdullah(Director) Mr. Abdul Wahab Haji Muhammad(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Habib Bank Ltd.

Banker

Auditor
M/s. Rao & Company

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 11.10

Production Desc
Due to sale of compamy, No Production

Units

Capacity

Actual Production

Khalid Siraj Textile Mills Ltd.

467-M Block, Model Town, Extension, Lahore.

Management
Mian Tayyab Iqbal(Chief Executive) Kh. Iftikhar-ud-Din(Director) Mian Tahir Iqbal(Director) Miss. Rabia Iqbal(Director) Miss. Tayyaba Iqbal(Director) Mrs. Rukhsana Arif(Director) Mr. Muhammad Asif (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Bank Alfalah Ltd.

Banker
National Bank Of Pakistan

Auditor
M/s. Kaleem & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 2.50 5.45 2.25 2.75

Production Desc
yarn

Units
Kgs

Capacity
4,668,224

Actual Production
2,420,234

201

Khurshid Spinning Mills Ltd.

69-G, Gulberg-III, Lahore.

Management
Khawaja Khurshid Anwar(Chairman) Khawaja Amer Khurshid(Chief Executive) Khawaja Aized Amer(Director) Khawaja Asem Khurshid(Director) Khawaja Shahid Amin Sethi(Director) Miss Jabeen Khurshid(Director) Mrs. Sharmeen Asem(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Citibank N.A. The Bank Of Punjab

Banker
Albaraka Islamic Investment Bank

Auditor
M/s. Hussain Chaudhry & Co.

Standard Chartered Bank Meezan Bank Ltd. Habib Metropolitan Bank Ltd. Habib Bank Ltd. 31st October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 .41 2.25 .40 1.03

Production Desc
Yarn

Units
Million Kgs

Capacity
-

Actual Production
2,498

Khyber Textile Mills Ltd.

Baldher, District Haripur, Khyber Pukhtoonkhua

Management
Chaudhry M. Eusuff(Chairman) Mr. Farid M. Jadoon(Chief Executive) Mr. Abdul Hamid Khan(Director) Mrs. Sandra Jadoon(Director) Mr. M. Aurangzeb Khan(Director) Mr. Omer Farid Jadoon(Director) Mr. M. Bahauddin(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009

Banker

Auditor
M/s. Hafeezullah & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 13.95

Production Desc
yarn

Units
Kgs

Capacity
4,418,024

Actual Production
-

202

Kohat Textile Mills Ltd.

APTMA House, Tehkal Payan Jamrud Road, Peshawar. Kyber Pukhtoonkhua

Management
Mr. Anwar Saifullah Khan(Chairman) Mr. Osman Saifullah Khan(Chief Executive) Mrs. Kulsum Saifullah Khan(Director) Mr. Jehangir Saifullah Khan(Director) Mr. Assad Saifullah Khan(Director) Mr. Asif Saifullah Khan(Director) Mrs. Hoor Yousafzai(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th November , 2009 30th June , 2009 The Bank of Punjab United Bank Limited

Banker

Auditor
M/s. Hameed Chaudhry & Co.

National Bank of Pakistan Albaraka Islamic Investment Bank First National Bank Mudaraba

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 .77 4.53 .52 1.68

Production Desc
yarn spindles

Units
Kgs.

Capacity
14,114,000

Actual Production
14,542,000

Kohinoor Industries Ltd.

17-Aziz Avenue, Canal Bank, Gulberg-V, Lahore.

Management
Mr. M. Naseem Saigol(Chairman) Mr. M. Azam Saigol(Chief Executive) Mr. Muhammad Athar Rafiq(Director) Mrs. Razia Begum(Director) Mr. Muhammad Rafi Khan(Director) Mr. Muhammad Omer Farooq(Director) Mr. Rashid Ahmed Javaid(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%)

Banker
Allied Bank Of Pakistan Ltd. Askari Commercial Bank Ltd. Standard Chartered Bank ( Pakistan) Ltd. United Bank Ltd. National Bank Of Pakistan Bank Alfalah Ltd. Habib Bank Ltd. 31st October , 2009 30th June , 2009 Face Value

Auditor
M/s. Manzoor Hussain Mir & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 1.20 5.50 .72 2.33

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Yarn, Production Closed

Units
Kgs

Capacity
-

Actual Production
-

203

Kohinoor Mills Ltd.

8th K.M. Manga Raiwind Road, District Kasur.

Management
Mr. Aamir Fayyaz Sheikh(Chairman / C.E.O.) Mr. Salman Akram Raja(Chief Executive) Mr. Rashid Ahmed(Director) Mr. Ali Fayyaz Sheikh(Director) Syed Mohsin Raza Naqvi(Director) Mr. Asad Fayyaz Sheikh(Director) Mr. Aamir Amin (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) MCB Bank Ltd.

Banker
Allied Bank Of Pakistan Ltd. Natioanl Bank of Paksitan United Bank Ltd. Royal Bank of Scotland Ltd. Faysal Bank Ltd. Habib Bank Ltd. 31st October , 2009 30th June , 2009 Face Value

Auditor
M/s. Riaz Ahmad & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 4.86 24.85 4.15 10.88

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Cloth Dyeing Knitting

Units
Sq. Meters Linear meters 50 Dozs

Capacity
48,892,878 30,000,000 8,760,000

Actual Production
45,024,713 29,099,936 4,330,422

Kohinoor Spinning Mills Ltd.

Kashana-e-Yousaf, Khawaja Street, Chakwal

Management
Khawaja Mohammad Naveed(Chief Executive) Khawaja Mohammad Jahangir(Director) Khawaja Mohammad Nadeem(Director) Khawaja Mohammad Javed(Director) Khawaja Mohammad Tanveer(Director) Khawaja Mohammad Kaleem(Director) Mr. Mohammad Hamza Yousaf(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 MCB Bank Ltd.

Banker
Habib Metropolitan Bank Limted National Bank Of Pakistan Standard Chartered Bank Ltd.

Auditor
M/s. Hameed Khan & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 2.85 9.85 2.85 3.22

Production Desc
Yarn

Units
Kgs

Capacity
25,588,535

Actual Production
26,817,226

204

Kohinoor Textile Mills Ltd.

42-Lawrence Road, Lahore.

Management
Mr. Tariq Sayeed Saigol(Chairman) Mr. Taufique Sayeed Saigol(Chief Executive) Mr. Kamil Taufique Saigol(Director) Mr. Waleed Tariq Saigol(Director) Mr. Syed Tariq Saigol(Director) Mr. Zamiruddin Azar(Director) Mr. Abdul Hai Mehmood Bhaimia(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Faysal Bank Ltd. Meezan Bank Ltd. United Bank Ltd. MCB Bank Ltd

Banker
Albaraka Islamic Investment Bank B.S.C(E.C)

Auditor
M/s. Riaz Ahmed & Co.

Allied Bank Of Pakistan Ltd. Askari Commercial Bank Ltd. Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 4.42 14.50 3.00 6.28

29th October , 2009 30th June , 2009

Production Desc
Spinning Weaving Power Plant

Units
THousand Kgs. Thousands Sq. Metres Mega Watts

Capacity
65,677 84,875 262,099

Actual Production
61,616 68,271 100,003

Landmark Spinning Industries Ltd.

1st Floor, Cotton Exchange Building I. I. Chundrigar Road, Karachi.

Management
Mr. Akber Ali Hashwani(Chairman/ C.E.) Mrs. Farieha A. Hashwani(Director) Mrs. Sultana A. Hashwani(Director) Mr. Nizam A. Hashwani(Director) Syed Raza Abbas Jafferi(Director) Mr. Abdullah A Hashwani(Director) Mr. Amin A. Hashwani(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 29th October , 2009 30th June , 2009

Banker
Metropolitan Bank Ltd. National Bank Of Pakistan Habib Bank Ltd.

Auditor
M/s. Feroze Sharif Tariq & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.35 3.00 .21 1.43

Production Desc
yarn

Units
Kgs

Capacity
6,152,000

Actual Production
0

205

Mahmood Textile Mills Ltd.

Mehr Manzil, Lohari Gate, Multan.

Management
Khawaja Muhammad Masood(Chairman) Khawaja Muhammad Iqbal(Chief Executive) Mrs. Mehr Fatima(Director) Khawaja Muhammad Ilyas(Director) Khawaja Muhammad Younus(Director) Mr. Jalal-Uddin Roomi(Director) Mr. Muhammad Muzafar Iqbal(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 40 50.23 31st October , 2009 30th June , 2009 Habib Bank Ltd. United Bank Ltd. MCB Bank Ltd. Allied Bank Ltd.

Banker

Auditor
M. Yousuf Adil Saleem & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 72.00 155.00 61.50 108.25 8

Production Desc
yarn Cloth Power

Units
Kgs. Sq. Meters Mega Watts

Capacity
31,616,586 19,092,957 19

Actual Production
31,003,601 17,856,211 12

Maqbool Textile Mills Ltd.

24/3 Tufail Road, Multan Cantt:

Management
Mian Tanvir Ahmad Sheikh(Chairman/ C.E.) Mrs. Romana Tanvir Sheikh(Chief Executive) Mrs. Rameen Anis Sheikh(Director) Mian Anis Ahmad Sheikh(Director) Mian Aziz Ahmad Sheikh(Director) Mian Idrees Ahmad Sheikh(Director) Mr. Manzoor A. Sheikh (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Bank Al-Habib Ltd.

Banker
Habib Metropolitan Bank Ltd. Habib Bank Ltd. Allied Bank Limited

Auditor
M/s. M. Yousuf Adil Saleem & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 13.69 16.00 11.30 13.65

Production Desc
yarn

Units
Kgs

Capacity
12,347,270

Actual Production
10,626,001

206

Masood Textile Mills Ltd.

Universal House, West Canal Road, Farooqabad, Faisalabad.

Management
Mr. Shahid Nazir(Chairman / C.E.O.) Mr. Shahid Iqbal(Director) Mr. Fazal Ahmad(Director) Mr. Muhammad Arshad(Director) Mr. Muhammad Asif (NIT)(Director) Mr. Naseer Ahmad Shah(Director) Mr. Matloob Hussain(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 15 31st October , 2009 30th June , 2009 Habib Bank Ltd. United Bank Limited

Banker

Auditor
M/s. Riaz Ahmad & Co.

Habib Metropolitan Bank Limited MCB Bank Ltd The Bank of Punjab

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 17.75 50.40 17.75 23.56 6

Production Desc
Sinning Knitting Dyeing/Finishing

Units
Th. Kgs Th, Kgs Th. Kgs

Capacity
4,762 19,654 12,360

Actual Production
4,107 10,458 9,875

Mehr Dastagir Textile Mills Ltd.

Mehr Dastagir, Shaheed Younis Dastagir Road, Multan.

Management
Khawaja Muhammad Yousuf(Chairman) Khawaja Muhammad Abdullah(Chief Executive) MCB Bank Ltd. Khawaja Muhammad Abdul Rehman Jami(Direc NIB Bank Ltd. Khawaja Muhammad Ali(Director) Khawaja Muhammad Usman(Director) Khawaja Muhammad Hussain(Director) Khawaja Muhammad Mansoor(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th October , 2009 30th June , 2009

Banker
National Bank Of Pakistan

Auditor
M/s.Mahboob Sheikh & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 .45 6.45 .45 3.45

Production Desc
Yarn

Units
Kgs

Capacity
1,188,794

Actual Production
455,780

207

Mian Textile Industries Ltd.

29-B/7, Model Town, Lahore.

Management
Mian Muhammad Jehangir(Chairman/Chief Exec The Bank Of Punjab Mian Khurram Jehangir(Director) Mian Khurshid Ahmed(Director) Mian Muhammad Nawaz(Director) Mian Waheed Ahmed(Director) Mrs. Nargis Jehangir(Director) Mr. Muhammad Asif (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009

Banker
Industrial Development Bank Of Pakistan National Bank Of Pakistan Habib Bank Ltd. NIB Bank Ltd.

Auditor
M/s. Naveed Zafar Hussain Jaffery & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 .50 2.25 .10 .61

Production Desc
Spinning Weaving

Units
Thousand Kgs Thousand Sq. Meters

Capacity
5,845 9,293

Actual Production
2,774 4,395

Mohammad Farooq Textile Mills Ltd.

Plot No. 6 & 7, Sector-21, Korangi Industrial Area, Karachi.

Management
Ms. Sabiha Sumar(Chairperson) Mr. Mohammad Mukhtar Sumar(Director) Ms. Neelofer Sumar(Director) Mrs. Naheed Mukhtar Sumar(Director) Ms. Faiza Imran Ahmad(Director) Mr. Kaleem Uddeen Ahmed (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th November , 2009 30th June , 2009 Habib Bank Ltd. Mr. Mohammad Farooq Sumar(Chief Executive) MCB Bank Ltd.

Banker

Auditor
M. Yousuf Adil Saleem & Co.

National Bank of Pakistan Standard Chartered Bank Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.40 3.98 1.00 2.49

Production Desc
Fabric

Units
Sq. Meters

Capacity
16,479,374

Actual Production
5,401,226

208

Mubarak Textile Mills Ltd.

20-K.M. Off. Ferozepur Road, Lahore.

Management
Mr. Rehan Ahmed(Chairman & C.E.) Mr. Zulfiqar Ali(Director) Mr. Abdul Rasheed(Director) Ch. Naseer Ahmed(Director) Mr. Nadeem Abbas(Director) Syed Hameed-ud-Din(Director) Mr. Imtiaz Husain Qureshi(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Soneri Bank Ltd. Habib Bank Ltd.

Banker
Habib Metropolitan Bank Ltd.

Auditor
M/s. Ahmad Mushir & Co.

Toyal Bank of Scottland

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.25 3.63 .55 1.41

Production Desc
Knitting Dyeing Stitching

Units
Kgs. Kgs. pcs/month

Capacity
1,200,000 1,450,000 239,000

Actual Production
107,004 1,142,495 0

Mukhtar Textile Mills Ltd.

P-48 Street No 1, Douglas Pura, Faisalabad.

Management
Rana Muhammad Saleem(Chief Executive) Mr. Shamim Ahmed Khan(Director) Mr. Umer Saleem(Director) Rana Adnan Rashid(Director) Rana Rashid Ahmed Khan(Director) Miss. Nadia Saleem(Director) Mrs. Shaista Saleem(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 MCB Bank Ltd.

Banker
Allied Bank of Pakistan Ltd. Habib Bank Ltd. Industrial Development Bank Of Pakistan

Auditor
M. Ather & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 .45 1.38 .13 .44

Production Desc
yarn

Units
Kgs

Capacity
4,760,878

Actual Production
-

209

N.P. Spinning Mills Ltd.

703-Uni Tower, I.I.Chundrigar Road, Karachi.

Management
Mr. Inam-ur-Rehman(Chairman) Mr. Khalid Inam(Chief Executive) Mrs. Asma Khalid(Director) Mr. Nazir Ahmed(Director) Mrs. Summayya Rehman(Director) Mr. Fakhar Mohiuddin Faruqi(Director) Mr. Ziauddin Zubairi(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Soneri Bank Ltd. MCB Bank Ltd. Habib Bank Ltd.

Banker

Auditor
M. Yousuf Adil Saleem & Co.

Habib Metropolitan Bank Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 11.45 27.65 9.45 13.27

Production Desc
yarn

Units
Kgs.

Capacity
16,516,921

Actual Production
13,350,509

Nadeem Textile Mills Ltd.

201-202, Commerce Centre, Hasrat Mohani Road, Karachi.

Management
Mr. Zahid Mazhar(Chief Executive) Mr. Shahid Mazhar(Director) Mr. Ahmed Bin Shahid(Director) Mst. Ghazala Shahid(Director) Mst. Naila Zahid(Director) Mst. Rafia Sultana(Director) Mr. Omer Bin Zahid(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th October , 2009 30th June , 2009 Bank Alfalah Ltd. Soneri Bank Ltd. Citi Bank Allied Bank Limited

Banker
Askari Commercial Bank Ltd.

Auditor
M/s. Rehman Sarfaraz Rahim Iqbal Rafiq

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 14.00

Production Desc
yarn

Units
Kgs

Capacity
11,030,960

Actual Production
11,218,535

210

Nagina Cotton Mills Ltd.

2nd Floor Shaikh Sultan Trust Building No.2, 26-Civil Lines Beaumont Road, Karachi

Management
Shaikh Inam Ellahi(Chairman) Mr. Shaukat Ellahi Shaikh(Director) Khawaja Muhammad Ali(Director) Mr. Shahzada Ellahi Shaikh(Director) Mr. Shafqat Ellahi Shaikh(Director) Mr. Munawar Iqbal(Director) Mr. S. M. Yusuf(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 28th October , 2009 30th June , 2009

Banker

Auditor
M/s. M. Yousuf Adil Saleem & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 8.00 12.50 7.00 9.75

Production Desc
Yarn

Units
Kgs.

Capacity
6,145,059

Actual Production
11,581,664

Nakshbandi Industries Ltd.

H-23/4-A, Landhi, Karachi.

Management
Mr. A. Razak Haji Sattar(Chairman) Mr. Muhammad Asif Teli(Chief Executive) Mr. Abdul Rahman Yaqub(Director) Mr. Shabbir Ahmed(Director) Mr. Khaleeq-ur-Rahman(Director) Mr. Murtaza A. Razak(Director) Mr. Jawed Yunus Tabba(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 29th October , 2009 30th June , 2009 Askari Bank Ltd.

Banker
Habib Metropolitan Bank Limited Standard Chartered Bank ( Pakistan) Ltd. Habib Bank Ltd. Bank Al-Habib Ltd. Bank Alflah Limited

Auditor
M/s. Rahman Sarfaraz, Rahim Iqbal Rafiq

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 10.90 10.90 5.50 7.69

Production Desc
Yarn

Units
Kgs

Capacity
6,759,000

Actual Production
6,063,000

211

Nazir Cotton Mills Ltd.

11-A/1, Block-H, Gulberg-II, Lahore.

Management
Mian Shahzad Aslam(Chief Executive) Mian Aamir Naseem(Director) Mian Farrukh Naseem(Director) Mr. Nadeem Anjum(Director) Mr.Khurram Abbas(Director) Syed Arif Husain(Director) Mr. Maqbool Hussain Bhutta(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 MCB Bank Ltd. Samba Bank Ltd.

Banker

Auditor
M/s. SAWARS (Chartered Accountants)

Askari Commercial Bank Ltd. Habib Bank Ltd. Soneri Bank Ltd. National Bank of Pakistan.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 .38 1.28 .11 .47

Production Desc
yarn

Units
Kgs

Capacity
874,059

Actual Production
-

Nina Industries Ltd.

A-29/A, S.I.T.E. Manghopir Road, Karachi.

Management
Mr. Saeed A. Sattar(Chairman) Mr. Waqar A. Sattar(Chief Executive) Mr. Urooj Saeed(Director) Mr. Yasir Waqar(Director) Mrs. Mehak Yasir(Director) Mr. Muzaffar S. Khan(Director) Mr. Kashif Saeed Sattar(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) United Bank Ltd.

Banker
Habib Metropolitan Bank Ltd. PICIC Commercial Bank Ltd. MCB Bank Ltd. Askari Commercial Bank Ltd. Bank Al-Habib Ltd. Saudi Pak Commercial Bank Ltd. 31st October , 2009 30th June , 2009 Face Value

Auditor
M/s. Rehman Sarfaraz Rahim Iqbal Rafiq & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 4.00 8.00 4.00 6.00

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Yarn and cotton spindle

Units

Capacity

Actual Production

212

Nishat (Chunian) Ltd.

31-Q, Gulberg-II, Lahore.

Management
Mr. Mohammad Saleem(Chairman) Mr. Shahzad Saleem(Chief Executive) Mrs. Farhat Saleem(Director) Mr. Mehmood Akhtar(Director) Mr. Manzar Mushtaq(Director) Mr. Manzoor Ahmad (NIT)(Director) Mr. Aftab Ahmed Khan(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Meezan Bank Ltd. Citibank N.A. The Bank of Punjab Faysal Bank Ltd. Habib Bank Ltd.

Banker

Auditor
M/s. Riaz Ahmad & Co.

Standard Chartered Bank ( Pakistan) Ltd. Deutsche Bank AG 31st October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 8.61 23.77 7.08 11.37

Production Desc
Yarn Fabric Power Plant

Units
Kgs Sq. yards KWh

Capacity
49,507,139 182,694,493 317,698,920

Actual Production
48,775,505 177,425,527 179,605,840

Nishat Mills Ltd.

Nishat House, 53-A, Lawrance Road, Lahore.

Management
Mian Umer Mansha(Chairman & C.E.) Mr. Muhammad Ali Zeb(Director) Mian Hassan Mansha(Director) Mr. Khalid Qadeer Qureshi(Director) Mr. Muhammad Azam(Director) Ms. Nabiha Shahnawaz Cheema(Director) Mr. Muhammad Asif (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 20 KASB Bank Ltd.

Banker
Standard Chartered Bank (Pakistan) Ltd. Habib Metorpolitan Bank Ltd. United Bank Ltd. National Bank Of Pakistan Faysal Bank Ltd. Bank Islami Pakistan Ltd. 29th October , 2009 30th June , 2009 Face Value

Auditor
M/s. Riaz Ahmad & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 37.82 85.12 21.12 43.71 5

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Spinning Weaving Finishing

Units
Kgs Sq. meters Mt.

Capacity
62,944,000 218,015,000 48,000,000

Actual Production
57,088,000 203,034,000 45,256,000

213

Olympia Spinning & Weaving Mills Ltd.

E/3, Farzana Building, 1st Floor, Block- 7 & 8, K.C.H.S.Union, Shaheed-e-Millat Road, Karachi.

Management
Mian M. Waqar Monnoo(Chairman & C.E.) Mr. Siraj Sadiq Monnoo(Director) Mr. Syed Ayazuddin(Director) Mrs. Ghazala Waqar(Director) Mr. Imran Monnoo(Director) Mr. Syed Ejazuddin(Director) Mr. Muhammad Anwar Saigal(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 29th October , 2009 30th June , 2009 Soneri Bank Ltd. Bank Alfalah Ltd. Habib Bank Ltd.

Banker

Auditor
M/s. Mushtaq & Co.

Allied Bank Of Pakistan Ltd. Askari Commercial Bank Limited United Bank Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 5.07 11.30 3.02 5.13

Production Desc
Yarn

Units
Kgs

Capacity
15,104,644

Actual Production
14,253,918

Olympia Textile Mills Ltd.

23-Dawis Road, Lahore.

Management
Mr. M. Munir Monnoo(Chairman) Mr. M. Khurshid Monnoo(Chief Executive) Mr. Tayyab Monoo(Director) Mr. Adeel Monnoo(Director) Mr. Aurangzeb Monnoo(Director) Mr. Humayun Monnoo(Director) Mr. M .Nasir Monnoo(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Bank Al-Falah Ltd.

Banker
Askari Commercial Bank Ltd. Habib Bank Ltd. Standard Charterd Bank

Auditor
M/s. Sheikh & Chaudhri

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.79 2.30 .66 1.48

Production Desc
Yarn

Units
Kgs.

Capacity
8,635,360

Actual Production
2,805,557

214

Paramount Spinning Mills Ltd.

2nd Floor, Finlay House, I. I. Chundrigar Road, Karachi.

Management
Mr. Abdul Shakoor(Chairman) Mr. Tanveer Ahmed(Chief Executive) Mr. Riaz Ahmed(Director) Mr. Sohail Maqsood(Director) Mr. Mohammad Abdullah(Director) Mrs. Neelofar Hameed(Director) Mr. Naseer Ahmed(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 10 30th October , 2009 30th June , 2009 Habib Bank Ltd. United Bank Ltd.

Banker
National Bank Of Pakistan

Auditor
M/s. Hameed Chaudhry & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 7.00 11.39 6.80 9.10 17

Production Desc
Dyeing Home Textile Stitching

Units

Capacity
2,065,170 2,505,150 2,160,000

Actual Production
1,601,691 625,780 1,473,154

Premium Textile Mills Ltd.

1st Floor Haji Adam Chambers, Altaf Hussain Road, New Challi, Karachi.

Management
Mr. Abdul Kader Haji Adam(Chairman/Chief Exec Soneri Bank Ltd. Mr. Mohammed Ali Akbani(Director) Mr. Mohammed Aslam(Director) Mr. Mohammed Yasin Siddik(Director) Mr. Ghulam Mohammad Surti(Director) Mr. Aziz Hussain (NIT)(Director) Mrs. Aamir Amin (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 7.5 15th October , 2009 30th June , 2009

Banker
National Bank of Pakistan Bank Al-Habib Ltd. Habib Metropolitan Bank Ltd. Habib Bank Ltd.

Auditor
Rahman Sarfaraz Rahim Iqbal Rafiq

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 29.50 31.70 29.50 30.60 2

Production Desc
Yarn

Units
Kgs

Capacity
13,469,586

Actual Production
12,809,235

215

Prosperity Weaving Mills Ltd.

Nagina House, 91-B-1, M.M.Alam Road, Gulberg- III, Lahore.

Management
Shaikh Enam Ellahi(Chairman) Mr. Shaukat Ellahi Shaikh(M.D. / C.E.O.) Mr. S. M. Yusuf(Director) Mr. Shahzada Ellahi Shaikh(Director) Mr. Shafqat Ellahi Shaikh(Director) Khawaja Muhammad Ali(Director) Mr. Syed Mohsin Gilani(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 20 26th October , 2009 30th June , 2009

Banker

Auditor
M/s. M. Yousuf Adil Saleem & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 6.00 9.00 6.00 7.50 27

Production Desc
Fabric

Units
Meters

Capacity
58,714,474

Actual Production
54,141,861

Quality Textile Mills Ltd.

24, Ali Bhai Centre, 2nd Floor, 233-A, P.E.C.H.S., Block-2, Karachi.

Management
Mr. Noor Mohammad Hashim(Chairman/Chief Ex Bank Al-Habib Ltd. Mr. Tayyab Noor Mohammad(Director) Mr. Mohammad Younus Hashim(Director) Mr. Imran M. Younus(Director) Mrs. Fiza Chaudhri(Director) Mr. Muhammad Idris Khokhar(Director) Mr. Kamran M. Younus(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 26th October , 2009 30th June , 2009

Banker
Habib Metropolitan Bank Ltd. Habib Bank Ltd.

Auditor
M/s. M.Yousuf Adil Saleem & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 5.90 12.70 5.90 9.49

Production Desc
Yarn

Units
Kgs

Capacity
7,087,253

Actual Production
7,987,172

216

Quetta Textile Mills Ltd.

Nadir House Ground Floor, I.I.Chundrigar Road, Karachi.

Management
Mr. Khalid Iqbal(Chief Executive) Mrs. Najma Javed(Director) Mr. Asim Khalid(Director) Mr. Daanish Javed(Director) Mr. Tariq Iqbal(Director) Mrs. Tabbasum Tariq(Director) Mr. Omer Khalid(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Atlas Bank Ltd. Faysal Bank Ltd. Habib Bank Ltd. Soneri Bank Ltd. United Bank Limited

Banker
National Bank Of Pakistan

Auditor
M/s. Mushtaq & Co.

Albaraka Islamic Investment Bank B.S.C (E.C) 31st October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 34.50 101.27 31.85 66.56

Production Desc
Yarn Fabric Power

Units
Kgs. Th. Sq. Meters MW

Capacity
-

Actual Production
-

Ravi Textile Mills Ltd.

5/79, Usman Block, New Garden Town, Lahore.

Management
Mr. Mohammad Shahid(Director) Mr. Mohammad Shahid Iqbal(Director) Mr. Aftab Sarwar(Director) Mr. Tahir Majeed(Director) Mr. Shabbir Ahmad Alvi(Director) Mr. Mohammad Riaz(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th October , 2009 30th June , 2009 Bank Al-Falah Ltd. NIB Bank Ltd.

Banker

Auditor
M/s. Riaz Ahmad & Co.

Mr. Mohammad Waseem-ur-Rehman(Chief Exe National Bank Of Pakistan

Habib Metropolitan Bank Limited The Bank Of Punjab

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 6.70 10.94 2.52 4.76

Production Desc
yarn

Units
Kgs

Capacity
5,202,611

Actual Production
4,597,666

217

Redco Textiles Ltd.

Redco Arcade, 78-E, Blue Area, Islamabad.

Management
Mrs. Sarah Saif Khan(Chief Executive) Mrs. Muneza Saif Khan(Director) Mrs. Samina Asad Khan(Director) Mrs. Taufiqa Amanullah Khan(Director) Mr. Ahsan-ur-Rehman Khan(Director) Mr. Imran Zia(Director) Mr. Khalid Rehman(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 27th November , 2009 30th June , 2009 United Bank Ltd. Bank Alfalah Ltd.

Banker

Auditor
M/s. BDO Ebrahim & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 .50 1.77 .25 .54

Production Desc
Yarn Fabric

Units
Lbs Meters

Capacity
15,156,000 11,520,000

Actual Production
11,624,970 10,079,354

Regent Textile Industries Ltd.

A-66 Manghopir Road, S.I.T.E., Karachi.

Management
Mr. Akber Ali Hashwani(Chairman) Mr. Amin A.Hashwani(Chief Executive) Mrs. Farieha A. Hashwani(Director) Mr. Aziz Kanani(Director) Mrs. Sultana A. Hashwani(Director) Mr. Nizam A. Hashwani(Director) Mr. Abdullah A. Hashwani(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th October , 2009 30th June , 2009 Bank Al-Habib Ltd.

Banker
Metropolitan Bank Ltd. MCB Bank Ltd. Bank Al-Falah Ltd.

Auditor
M/s. Daudally Lalani & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 26.25 26.25 23.00 24.63

Production Desc
Yarn

Units
Kgs

Capacity
5,879,840

Actual Production
5,363,363

218

Reliance Cotton Spinning Mills Ltd.

312, Cotton Exchange Building, I.I.Chundrigar Road, Karachi.

Management
Mr. Mohammad Abdullah(Chairman) Mr. Yousaf Abdullah(Chief Executive) Mr. Shahid Abdullah(Director) Mr. Mohammad Yamin(Director) Mr. Mohammad Younus(Director) Mr. Nadeem Abdullah(Director) Mr. Amer Abdullah(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 15 31st October , 2009 30th June , 2009 Habib Bank Ltd.

Banker
Habib Metropolitan Bank Ltd. MCB Bank Ltd.

Auditor
M/s. M. Yousuf Adil Saleem & Co

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 24.00 31.00 24.00 26.73 9

Production Desc
Yarn

Units
Kgs

Capacity
21,894,873

Actual Production
21,031,586

Reliance Weaving Mills Ltd.

2nd Floor, Trust Plaza, L.M.Q. Road, Multan.

Management
Mr. Fawad Ahmed Mukhtar(Chairman) Mr. Fazal Ahmed Sheikh(Chief Executive) Mr. Fahd Mukhtar(Director) Mrs. Farah Faisal(Director) Mrs. Fatima Fazal(Director) Mr. Shahid Aziz (NIT)(Director) Mr. Faisal Ahmed Mukhtar(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) United Bank Ltd. Habib Bank Ltd. MCB Bank Ltd. Meezan Bank Ltd.

Banker
Allied Bank Of Pakistan Ltd.

Auditor
M/s. KPMG Taseer Hadi & Co.

National Bank of Pakistan Silk Bank Ltd. 31st October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 3.50 14.85 2.01 7.20

Production Desc
Weaving Spinning

Units
Meters Kgs

Capacity
56,507,912 11,963,097

Actual Production
52,261,233 10,084,785

219

Resham Textile Industries Ltd.

314-Upper Mall, Lahore.

Management
Ch. Mohammad Khurshid(Chief Executive) Mr. Muhammad Ali Chaudhry(Director) Ch. Rahman Bakhsh(Director) Miss. Kiran A. Chaudhry(Director) Mrs. Salma Aziz(Director) Mr. Kamran Ilyas(Director) Mr. Azhar Khurshid Chaudhry(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%)

Banker
First National Bank Modaraba Orix Leasing Pakistan Ltd. Albaraka Islamic Inv. Bank Orix Investment Bank Of Pakistan Ltd. The Royal Bank of Scotland Ltd. Bank Alfalah Ltd. The Bank Of Punjab 31st October , 2009 30th June , 2009 Face Value

Auditor
M/s. Ford Rhodes Sidat Hyder & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 8.74 12.78 2.72 7.75

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Yarn

Units
kgs

Capacity
14,102,609

Actual Production
12,974,321

Ruby Textile Mills Ltd.

203-Faiyaz Centre, 2nd Floor, 3-A, S.M.C.H.S., Shahrah-e-Faisal, Karachi.

Management
Mr. Noor Elahi(Chairman & C.E.) Mrs. Parveen Elahi(Director) Mr. Ikram Elahi(Director) Mrs. Naheed Javed(Director) Mr. Mansoob A. Akhtar (NIT)(Director) Mr. Javed Usman(Director) Mr. Nabil Javed(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Bank Al-Habib Ltd.

Banker
Standard Chartered Bank National Bank Of Pakistan Soneri Bank Ltd. MCB Bank Ltd. Habib Metropolitan Bank Ltd. Silk Bank Ltd. 29th October , 2009 30th June , 2009 Face Value

Auditor
M/s. Mushtaq & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 4.00 6.50 4.00 5.19

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Yarn

Units
Kgs

Capacity
8,651,230

Actual Production
6,415,293

220

Safa Textiles Ltd.

Plot No. 26 & 26/1 Sector 12-D, Industrial Area, North Karachi. Karachi.

Management
Mr. Syed Iqbal Hussain(Chairman & C.E.) Mrs. Sabeen Tarique(Director) Mrs. Seema Adnan(Director) Mr. Adnan Iqbal(Director) Miss Hamna Husain(Director) Mr. Syed Tarique Husain(Director) Mrs. Farhat Iqbal(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 21st October , 2009 30th June , 2009 Bank Alfalah Ltd.

Banker
Habib Metorpolitan Bank Ltd. Standard Chartered Bank Ltd, NIB Bank Ltd.

Auditor
M/s.Rahman Sarfaraz Rahim, Iqbal, Rafiq

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 7.50 7.50 7.00 7.24

Production Desc
Yarn and cotton

Units

Capacity
-

Actual Production
-

Saif Textile Mills Ltd.

APTMA House, Tehkal Payan, Jamrud Road, Peshawar.

Management
Mr. Anwar Saifullah Khan(Chairman) Mr. Osman Saifullah Khan(Chief Executive) Mrs. Hoor Yousafzai(Director) Mr. Assad Saifullah Khan(Director) Mr. Jehangir Saifullah Khan(Director) Mr. Muhammad Ayub (NIT)(Director) Mr. Asif Saifullah Khan(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%)

Banker
HSBC Bank Middle East Ltd. Dubai Islamic Bank (Pakistan) Ltd. Allied Bank Ltd. Faysal Bank Ltd. Albaraka Islamic Investment Bank B.S.C (E.C) Natioanl Bank of Paksitan The Bank of Punjab 31st October , 2009 30th June , 2009 Face Value

Auditor
M/s. Hameed Chaudhri & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 4.00 10.95 3.71 5.67

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Yarn

Units
Kgs

Capacity
13,088,000

Actual Production
14,380,000

221

Saitex Spinning Mills Ltd.

250-Street No.5, Cavalry Ground, Lahore Cantt:

Management
Mian. M. Iqbal Saigol(Chairman & C.E.) Mr. Munsif Ali Alvi(Director) Mrs. Farhat Siddiqui(Director) Khawaja M. Sadiq(Director) Mian M. Nadeem Saigol(Director) Mian M. Samir Saigol(Director) Mr. Mohammad Asif (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 28th October , 2009 30th June , 2009 Union Bank Limited

Banker
Askari Commercial Bank Limited MCB Bank Ltd. National Bank Of Pakistan Habib Bank Ltd. Allied Bank Of Pakistan Ltd.

Auditor
M/s. Sheikh & Chaudhry

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 .10 1.17 .05 .24

Production Desc
Yarn

Units
Kgs

Capacity
4,917,219

Actual Production
0

Sajjad Textile Mills Ltd.

19-B, Off Zafar Ali Road, Gulberg-V, Lahore

Management
Mr. Muhammad Asim Sajjad(Chief Executive) Mr. Salman Muhammad Aslam(Director) Mr. Mehr Allah Yar(Director) Mr. Sultan Mahmood(Director) Mr. Aftab Anwar(Director) Mr. Muhammad Amjad(Director) Miss. Batool Zahra(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009

Banker
Habib Metropolitan Bank Limited National Bank Of Pakistan United Bank Ltd.

Auditor
M/s. Fazal Mahmood & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 2.00 2.01 .55 .82

Production Desc
Yarn

Units
Kgs

Capacity
7,113,862

Actual Production
1,950,000

222

Saleem Denim Industries Ltd.

33-K.M. Sheikhupura Road, Faisalabad.

Management
Mr. Tahir Saleem Chaudhry(Chairman/ C.E.) Mr. Shahid Saleem Chaudhry(Director) Mrs. Sobia Saleem(Director) Mr. Abdul Haq Chaudhry(Director) Mrs. Nosheen Shahid(Director) Mr. Abdul Aziz Chaudhry(Director) Mr. Ghulam Farid(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Askari Bank Ltd. Habib Bank Ltd.

Banker

Auditor
M/s. M. Ather & Company

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.50

Production Desc
Yarn Note: Continuous losses production remained Closed

Units

Capacity

Actual Production

Salfi Textile Mills Ltd.

8, 8th Floor, Textile Plaza, M. A. Jinnah Road, Karachi.

Management
Mr. Anwar Ahmed Tata(Chairman / C.E.) Mr. Shahid Anwar Tata(Director) Mr. Farooq Advani(Director) Mr. Adeel Shahid Anwar Tata(Director) Mr. Jawed Ahmed(Director) Mr. Kauser Ejaz(Director) Mr. Aijaz Ahmed Tariq(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 24th October , 2009 30th June , 2009 Soneri Bank Ltd.

Banker
Habib Metropolitan Bank Ltd. Allied Bank Limited MCB Bank Ltd. KASB Bank Ltd.

Auditor
M/s. M.Yousuf Adil Saleem & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 23.04 24.25 23.04 23.65

Production Desc
Yarn

Units
Kgs

Capacity
12,357,535

Actual Production
13,431,946

223

Sally Textile Mills Ltd.

97-Shadman, Lahore-3

Management
Mian Iqbal Salah-ud-Din(Chief Exec. Officer) Mst. Munira Salah-ud-Din(Director) Sheikh Abdul Salam(Director) Mian Asad Salah-ud-Din(Director) Mian Yousaf Salah-ud-Din(Director) Mian Sohail Salah-ud-Din(Director) Mr. Muhammad Rafiq Khan(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 MCB Bank Ltd. Meezan Bank Ltd.

Banker

Auditor
M/s. Rahman Sarfaraz Rahim Iqbal Rafiq

Askari Commercial Bank Ltd. National Bank Of Pakistan

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.00 3.50 .26 .89

Production Desc
yarn

Units
Kgs

Capacity
8,555,000

Actual Production
8,088,137

Salman Noman Enterprises Ltd.

3-K.M. Balloki Road, Bhai Pheru, Distt: Kasur

Management
Mrs. Shamim Akhtar(Chairperson) Mr. Nauman Almas(Chief Executive) Mrs. Fareeha Pervaiz(Director) Mr. Waseem K. Haq(Director) Mrs. Shumaila Azeem(Director) Mrs. Shahmeen Almas Sheikh(Director) Mr. Mansoob Akhtar (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009

Banker

Auditor
M/S Mushtaq & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 2.41 6.15 1.55 3.18

Production Desc
yarn

Units
Kgs

Capacity
10,084,462

Actual Production
12,418,827

224

Samin Textiles Ltd.

50-C, Main Gulberg, Lahore.

Management
Mr. Sarmad Amin(Chairman/Chief Exec.) Mr. Jamil Masud(Director) Mr. Tariq Jilani(Director) Mr. Bunyad Hussain Shah(Director) Mr. Nadeem Saeed(Director) Mr. Safdar Hussain Tariq(Director) Mr. Asad Ahmad Jan(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Bank Al-Falah Ltd. NIB Bank Ltd.

Banker
National Bank Of Pakistan

Auditor
M/s. Anjum Asim, Shahid Rehman & Co.

Askari Commercial Bank Limited Allied Bank Limited Pak Kuwait Investment Co. Ltd. My Bank Ltd. 30th September, 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 5.67 26.34 3.61 13.19

Production Desc
Fabric

Units
Running meters

Capacity
23,869,561

Actual Production
18,465,160

Sana Industries Ltd.

SF Unit No. 96, S.I.T.E., P.O.Box No. 10651, Karachi.

Management
Mr. Mohammed Yousuf(Chairman) Mr. Mohammed Younus Nawab(Chief Executive Hafiz Mohammed Irfan Nawab(Director) Mr. Mohammed Junaid Nawab(Director) Mr. Mohammed Tariq Yousuf(Director) Mr. Ibrahim Younus(Director) Mr. Kemal Shoaib (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 35 10th October , 2009 30th June , 2009

Banker
Metropolitan Bank Ltd.

Auditor
M/s. Muniff Ziauddin & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 14.75 15.75 12.50 14.13 41

Production Desc
yarn

Units
Kgs

Capacity
3,622,104

Actual Production
2,148,903

225

Sapphire Fibres Ltd.

316-Cotton Exchange Building, I.I.Chundrigar Road, Karachi.

Management
Mr. Mohammad Abdullah(Chairman) Mr. Shahid Abdullah(Chief Executive) Mr. Yousuf Abdullah(Director) Mr. Naveed-ul-Islam(Director) Mr. Muhammad Yamin(Director) Mr. Nadeem Abdullah(Director) Mr. Amer Abdullah(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 12.5 31st October , 2009 30th June , 2009 Habib Bank Ltd.

Banker
National Bank of Pakistan Habib Metropolitan Bank Ltd. Citibank N.A. MCB Bank Ltd.

Auditor
M/s. Hameed Chaudhry & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 85.00 307.25 77.51 129.81 1

Production Desc
Spinning Dyeing Knitting

Units
Lbs Lbs Lbs

Capacity
60,673,143 7,243,831 14,372,094

Actual Production
60,366,472 3,401,182 5,679,798

Sapphire Textile Mills Ltd.

212, Cotton Exchange Building, I. I. Chundrigar Road, Karachi.

Management
Mr. Mohammad Abdullah(Chairman) Mr. Nadeem Abdullah(Chief Executive) Mr. Yusuf Abdullah(Director) Mr. Mohammad Yamin(Director) Mr. Mohammad Younus(Director) Mr. Shahid Abdullah(Director) Mr. Amer Abdullah(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 15 31st October , 2009 30th June , 2009 Citibank N.A. Habib Bank Ltd.

Banker

Auditor
M/s. Mushtaq & Co.

Standard Chartered Bank United Bank Ltd. MCB Bank Ltd. The Royal Bank of Scotland Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 69.00 136.00 59.57 72.44 2

Production Desc
Spinning Weaving

Units
Lbs Sq. meters

Capacity
82,877,920 51,238,110

Actual Production
92,695,300 73,871,639

226

Sargodha Spinning Mills Ltd.

A-601/B, City Towers, 6-K, Main Boulevard Gulberg II Lahore.

Management
Mian Farrukh Naseem(Chief Executive) Mian Aamir Naseem(Chairman) Mr. Irfan Qamar(Director) Mrs. Hina Farrukh(Director) Mr. Shahid Mehmud(Director) Mian Shahzad Aslam(Director) Syed Arif Hussain(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Habib Bank Ltd. Bank Alfalah Ltd. NIB Bank Ltd.

Banker

Auditor
M/s. Riaz Ahmad & Co.

National Bank Of Pakistan

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 .86 2.60 .05 .83

Production Desc
Yarn

Units
Kgs

Capacity
21,528,000

Actual Production
16,364,000

Saritow Spinning Mills Ltd.

17-Aziz Avenue, Canal Bank, Gulberg - V, Lahore.

Management
Mr. M. Naseem Saigol(Chairman) Mr. M. Azam Saigol(Chief Executive) Mr. Muhammad Omer Farooq(Director) Mr. Rashid Ahmad Javaid(Director) Mr. Muhammad Athar Rafiq(Director) Mr. Saeed Mian Ansari(Director) Mr. Aziz Hussain (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) My Bank Ltd. Bank of Punjab Ltd.

Banker

Auditor
M/s. Rehman Sarfaraz Rahim Iqbal Rafiq & Co.

National Bank Of Pakistan MCB Bank Ltd Faysal Bank Ltd. Askari Commercial Bank Ltd. Standard Chartered Bank Ltd. 31st October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 .62 3.49 .50 .85

Production Desc
Yarn

Units
Kgs

Capacity
1,499,112

Actual Production
1,175,238

227

Service Fabrics Ltd.

38-Empress Road, Lahore.

Management
Mr. Farooq Hameed(Chief Executive) Mr. Tariq Hameed(Director) Mr. Ijaz Hameed(Director) Mr. Aamer Hameed(Director) Mr. Muhammad Hameed(Director) Mr. Abid Hussain(Director) Mr. Bilal Mustafa(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Habib Bank Ltd.

Banker
National Bank Of Pakistan

Auditor
M/s. M. Hussain Chaudhry & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 .34 1.48 .10 .40

Production Desc
Yarn

Units
L.Meters

Capacity
22,300,000

Actual Production
0

Service Industries Textiles Ltd.

38-Empress Road, Lahore.

Management
Mr. Muhammad Hameed(Chief Executive) Mr. Tariq Hameed(Director) Mr. Murtaza Hameed(Director) Mr. Ijaz Hameed(Director) Mr. Aamer Hameed(Director) Mr. Abid Hussain(Director) Mr. Farooq Hameed(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Habib Bank Ltd. Bank Of Punjab

Banker

Auditor
M. Hussain Chaudhry & Co.

National Bank Of Pakistan

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 106.03 1.29 .71 1.01

Production Desc
Yarn

Units
Kgs

Capacity
3,019,743

Actual Production
1,492,073

228

Shadab Textile Mills Ltd.

A-601/A, City Towers, 6-K Main Boulevard, Gulberg-II, Lahore.

Management
Mian Aamir Naseem(Chief Executive) Mr. Mazhar Hussain(Director) Mian Farrukh Naseem(Director) Mian Sajjad Aslam(Director) Mian Shahzad Aslam(Director) Syed Arif Hussain(Director) Mst. Nusrat Shamim(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Bank Alfalah Ltd.

Banker
National Bank Of Pakistan

Auditor
M/S. Fazal Mahmood & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 24.24 26.85 24.24 25.53

Production Desc
yarn

Units
Kgs

Capacity
12,874,463

Actual Production
12,089,905

Shadman Cotton Mills Ltd.

201,202-Commerce Centre, Hasrat Mohani Road, Karachi.

Management
Mr. Zahid Mazhar(Chief Executive) Mr. Shahid Mazhar(Director) Mst. Ghazala Shahid(Director) Mst. Naila Zahid(Director) Mst. Rafia Sultana(Director) Mr. Omer Bin Zahid(Director) Mr. Ahmed Bin Shahid(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Allied Bank Ltd. Soneri Bank Ltd. Habib Bank Ltd. MCB Bank Ltd Bank Alfalah Ltd. The Bank of Punjab 30th October , 2009 30th June , 2009

Banker
Askari Commercial Bank Ltd.

Auditor
M/s. Mushtaq & Co. United Bank Limited

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 6.00 6.25 5.25 5.75

Production Desc
yarn

Units
Kgs

Capacity
26,663,699

Actual Production
25,401,144

229

Shaheen Cotton Mills Ltd.

19-A off Zafar Ali Road, Gulberg-V, Lahore.

Management
Mian Pervez Aslam(Chief Executive) Lt. Col. (R) Abdul Qayyum(Director) Chaudhry Hakim Ali(Director) Mr. Hassan-ud-Din Ansari(Director) Mr. Humayun Bakht(Director) Mr. Imran Aslam(Director) Mr. Rashid Ahmed(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th October , 2009 30th June , 2009

Banker
Habib Metropolitan Bank Ltd. National Bank Of Pakistan NIB Bank Ltd. Bank Alfalah Ltd. MCB Bank Ltd.

Auditor
M/s. M. Hussain Chaudhry & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 2.25 10.40 2.25 6.33

Production Desc
Yarn

Units
Kgs

Capacity
12,422,384

Actual Production
5,154,983

Shahpur Textile Mills Ltd.

FB-3, 1st Floor, Awami Complex, Usman Block, New Garden Town, Lahore.

Management
Mr. Nazir Ahmed Peracha(Chairman / C.E.) Mrs. Qamar Nazir Peracha(Director) Mrs. Uzma Asif Khan(Director) Mrs. Cyma Fazal Peracha(Director) Mr. Hafiz Laeeq Ahmed(Director) Mr. Arshad Iqbal Peracha(Director) Mr. Muhammad Ayub(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 MCB Bank Ltd.

Banker
Natioanl Bank of Paksitan Saudi Pak Commercial Bank Ltd.

Auditor
M/s. Anjum Asim Shahid Rehman

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 .35 2.40 .10 .80

Production Desc
Yarn

Units
Kgs.

Capacity
5,543,046

Actual Production
3,615,142

230

Shahtaj Textile Ltd.

100-B/3, M.M.Alam Road, Gulberg-III, Lahore.

Management
Mr. Muneer Nawaz(Chairman) Mr. M. Naeem(Chief Executive) Mr. Farooq Hassan (NIT)(Director) Mrs. Sadia Mohammad(Director) Mr. Toqueer Nawaz(Director) Mr. Mohammad Nawaz(Director) Lt. Col. (Retd.) R. D. Shams(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 20 31st October , 2009 30th June , 2009 Habib Bank Ltd. MCB Bank Ltd The Bank Of Punjab United Bank Ltd. Bank Al-Falah Ltd.

Banker

Auditor
M/s. M.Yousuf Adil Saleem & Co.

Standard Chartered Bank ( Pakistan) Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 15.29 19.00 10.00 14.50 76

Production Desc
Fabric

Units
Sq. meters

Capacity
57,141,872

Actual Production
55,713,325

Shahzad Textile Mills Ltd.

19-A, Off Zafar Ali Road, Gulberg-V, Lahore.

Management
Mr. Imran Aslam(Chief Executive) Mian Parvez Aslam(Director) Chaudhry Hakim Ali(Director) Mr. Rashid Ahmed(Director) Mr.Humayun Bakht(Director) Lt.Col.(R) Abdul Qayum(Director) Mr.Hasan-ud-Din Ansari(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th October , 2009 30th June , 2009 NIB Bank Ltd.

Banker
Habib Metropolitan Bank Ltd. Security Leasing Corporation Ltd.

Auditor
M/s. M. Hussain Chaudhury & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.95 4.00 1.95 2.50

Production Desc
yarn

Units
Kgs

Capacity
22,878,894

Actual Production
21,237,766

231

Shams Textile Mills Ltd.

7-B / III, Aziz Avenue, Gulberg-V, Lahore.

Management
Mr. Muhammad Anwar(Chairman) Mr. Khalid Bashir(Chief Executive) Mr. Nadeem Maqbool(Director) Mr. Muhammad Asif (NIT)(Director) Mr. Asif Bashir(Director) Mr. Adil Bashir(Director) Mr. Amjad Mahmood(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) The Bank Of Punjab

Banker
Allied Bank of Pakistan MCB Bank Ltd First National Bank Modaraba The Royal Bank of Scotland Ltd. Habib Bank Limited Natioanl Bank of Paksitan 29th October , 2009 30th June , 2009 Face Value

Auditor
M/s. Riaz Ahmad & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 5.70 21.73 5.50 11.48

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
yarn

Units
Kgs

Capacity
22,202,165

Actual Production
20,150,516

Sind Fine Textile Mills Ltd.

Jacobabad Road, Shikarpur,

Management
Mr. Iftikhar Ahmed Soomro(Chairman / C.E.O.) Begum Parveen I. Soomro(Director) Mrs. Nasreen I. Soomro(Director) Mr. Mohammad Omer Soomro(Director) Ms. Huma Soomro(Director) Ms. Mona Soomro(Director) Mr. Nusair Ahmed Soomro(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 27th October , 2009 30th June , 2009 Habib Bank Ltd.

Banker

Auditor
M/s. Ebrahim & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 4.00

Production Desc
Ceased production may,2003

Units

Capacity

Actual Production

232

Sunrays Textile Mills Ltd.

5th Floor, 508, Beaumount Plaza, Civil Lines Quarters Karachi.

Management
Mian Riaz Ahmed(Chairman) Mr. Kashif Riaz(Chief Executive) Mr. Shahzad Ahmed(Director) Mr. Irfan Ahmed(Director) Mr. Imran Ahmed(Director) Mr. Shafqat Masood(Director) Mian Muhammad Ahmed(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 10 29th October , 2009 30th June , 2009 Soneri Bank Ltd. MCB Bank Ltd. United Bank Ltd. Allied Bank Limited

Banker

Auditor
M. Yousuf Adil Saleem & Co

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 22.00 30.00 22.00 24.72 7

Production Desc
yarn

Units
Kgs.

Capacity
11,293,286

Actual Production
9,691,103

Suraj Cotton Mills Ltd.

7-B-III, Aziz Avenue, Gulberg-V, Lahore.

Management
Mr. Khalid Bashir(Chairman) Mr. Nadeem Maqbool(Chief Executive) Mr. Humayun Maqbool(Director) Mr. Amjad Mahmood(Director) Mr. Ahsan Bashir(Director) Mr. Asif Bashir(Director) Mr. Rashid Ahmed (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 15 United Bank Ltd. MCB Bank Ltd

Banker

Auditor
M/s. Ernst & Young Ford Rhodes Sidat Hyder & C

Dubai Islamic Bank Ltd. Standard Chartered Bank ( Pakistan) Ltd. National Bank Of Pakistan Allied Bank of Pakistan Ltd. The Bank of Punjab 29th October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 12.70 52.97 12.70 25.98 6

Production Desc
Spinning Weaving

Units
Kgs Sq. meters

Capacity
37,239,429 78,835,486

Actual Production
35,935,842 68,133,942

233

Taha Spinning Mills Ltd.

406-Commerce Centre, Hasrat Mohani Road, Karachi.

Management
Mr. Ashfaq Ahmed(Chief Executive) Mr. Ikhlaq Husain(Director) Mr. Muhammad Farooq(Director) Mr. Niaz Mohammad(Director) Mr. Saleem Abbas(Director) Mr. Saqib Ashfaq(Director) Mr. Amir Ashfaq(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th October , 2009 30th June , 2009 NIB Bank Ltd.

Banker
National Bank Of Pakistan Askari Commercial Bank Ltd.

Auditor
M/s. A. R. Khan & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 7.00 7.00 7.00 7.00

Production Desc
Yarn

Units
Kgs

Capacity
3,459,535

Actual Production
15,547

Taj Textile Mills Ltd.

Office-1, 1st Floor, 1-K, Commercial Zone, Block-K, Model Town, Lahore.

Management
Mr. Jahangir Elahi(Chairman & C.E.) Mr. Shahrukh Elahi(Director) Mr. Tanvir Elahi(Director) Mr. Tariq Latif(Director) Sh. Muhammad Ashraf(Director) Mr. Muhammad Ashfaq Nadeem(Director) Mr. Amir Jahangir(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Habib Bank Ltd.

Banker
National Bank Of Pakistan Standard Chartered Bank United Bank Ltd. NIB Bank Ltd. Allied Bank Of Pakistan Ltd. Crescent Commercial Bank Ltd. 27th November , 2009 30th June , 2009 Face Value

Auditor
M/s. Zahid Jamil & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 .70 1.80 .16 .59

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Yarn Fabric

Units
Lbs L. meters

Capacity
36,573,553 12,779,847

Actual Production
-

234

Tata Textile Mills Ltd.

8, 8th Floor, Textile Plaza, M. A. Jinnah Road, Karachi.

Management
Mr. Anwar Ahmed Tata(Chairman) Mr. Shahid Anwar Tata(Chief Executive) Mr.Farooq Advani(Director) Mr.Muhammad Ayub(NIT)(Director) Mr. Muhammad Waris Magoon(Director) Mr. Shahid Aziz (NIT)(Director) Mr. Adeel Shahid Anwar Tata(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Soneri Bank Ltd. Faysal Bank Ltd.

Banker

Auditor
M. Yousuf Adil Saleem & Co.

National Bank Of Pakistan The Royal Bank of Scotland Ltd. MCB Bank Ltd. Bank Alfalah Ltd. Habib Metropolitan Bank Ltd. 24th October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 8.00 20.00 8.00 17.00

Production Desc
Yarn

Units
Kgs

Capacity
13,088,089

Actual Production
14,848,001

The Crescent Textile Mills Ltd.

40-A, Off Zafar Ali Road, Gulberg-V, Lahore.

Management
Mr. Muhammad Anwar(Chairman & C.E.) Mr. Ahmed Shafi(Director) Mr. Khalid Bashir(Director) Mr. Tariq Shafi(Director) Mr. Muhammad Arshad(Director) Mr. Nasir Shafi(Director) Mr. Muhammad Iqbal Hussain (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) United Bank Ltd.

Banker
National Bank Of Pakistan Faysal Bank Ltd. Habib Bank Ltd. Albaraka Islamic Investment Bank B.S.C (E.C) Allied Bank Of Pakistan Ltd. NIB Bank Ltd. Face Value

Auditor
M/s. Riaz Ahmed & Co.

29th October , 2009 30th June , 2009

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 24.50 70.10 17.50 40.28

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
spinning Weaving Power Plant

Units
Th. kgs Th. Sq. meters MWH

Capacity
38,562 97,078 257,544

Actual Production
36,091 78,220 143,713

235

Towellers Ltd.
WSA-30/31, Block-1, Federal 'B' Area, Karachi.

Management
Mrs. Suraiya Junaid(Chairperson) Mr. S.M.Obaid(Chief Exec. Officer) Mr. Tariq Muhammad Khan(Director) Ms. Mahjabeen Obaid(Director) Mr. Jawed Ashfaq(Director) Miss. Mehreen Obaid(Director) Ms. Sana Obaid(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 5 Soneri Bank Ltd.

Banker
The Hongkong & Shanghai Banking Corp. Ltd. Askari Commercial Bank Ltd. Standard Charted Bank Ltd. Metropolitan Bank Ltd. KASB Bank Ltd. Silk Bank Ltd. 26th October , 2009 30th June , 2009 Face Value

Auditor
M/s. Mushtaq & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 22.50 22.50 22.50 22.50

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Bed sheets

Units

Capacity

Actual Production

Usman Textile Mills Ltd.

406, 4th Floor, Trade Center, I.I.Chundrigar Road, Karachi.

Management
Mr. Muhammad Zaheeruddin(Chairman) Mr. Noor Qadir(Chief Executive) Mr. Khalid Abid M. Shah(Director) Mr. Syed Tajuddin(Director) Mr. Haroon Shekha(Director) Mr. Nadeem Aslam(Director) Mr. Muhammad Yusufuddin(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th October , 2009 30th June , 2009 Bank Al-Falah Ltd.

Banker

Auditor
M/s. Haroon Zakaria & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 3.00 11.50 2.50 5.77

Production Desc
Sold Plant & Machinery

Units

Capacity

Actual Production

236

Yousaf Weaving Mills Ltd.

Kashana-e-Yousaf Khawaja Street, Chakwal.

Management
Khawaja Mohammad Jawed(Chairman) Khawaja Mohammad Tanveer(Director) Khawaja Mohammad Jahangir(Director) Khawaja Mohammad Kalim(Director) Khawaja Mohammad Naveed(Director) Mr. Danish Tanveer(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Faysal Bank Ltd.

Banker

Auditor
M/s. Hussain Chaudhry & Co.

Khawaja Mohammad Nadeem(Chief Executive) Habib Metropolitan Bank Limited Natioanl Bank of Paksitan

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 3.40 4.70 .66 1.91

Production Desc
Yarn

Units
Kgs

Capacity
9,358,132

Actual Production
7,803,403

Zahidjee Textile Mills Ltd.

20, Bilal Road, Civil Lines, Faisalabad.

Management
Mr. Muhammad Zahid(Chairman & C.E.) Mst. Huma Zahid(Director) Mr. Muhammad Qasim(Director) Mst. Fouzia Shahani(Director) Mr. Naveed Ahmad(Director) Mst. Fiza Zahid(Director) Mst. Asma Makhdoom(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) United Bank Ltd. Faysal Bank Ltd. Allied Bank Limited

Banker

Auditor
M/s. Avais Hyder Liaquat Nauman

National Bank of Pakistan Bank Alfalah Ltd. Standard Chartered Bank (Pakistan) Ltd. The Bank of Punjab 31st October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 2.63 6.60 2.00 3.48

Production Desc
Sinning Weaving

Units
Kgs Sq.Meter

Capacity
15,700,624 42,536,384

Actual Production
13,733,701 29,973,024

237

Zahur Cotton Mills Ltd.

94th K.M. Lahore-Multan Road, Near Pul Jaurian, Akhtarabad, Okara.

Management
Mr. Javed Zahur(Chairman & C.E.) Mr. M. Nadeem(Director) Mr. Nazir Akhtar(Director) Mr. Khan Muhammad(Director) Mr. Muhammad Ayub (NIT)(Director) Mr. Zahid Nadeem(Director) Mr. Fazal Hussain(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th June , 2009 MCB Bank Ltd. Union Bank Ltd. Bank Al-Habib Ltd.

Banker

Auditor
M/s. Tariq Ayyub Anwar & Co.

Prime Commercial Bank Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 .35 .99 .10 .28

Production Desc
fabric Note: Failed to hold AGM and defaulter to SECP

Units
Sq. meters

Capacity
10,204,733

Actual Production

Zephyr Textiles Ltd.

3rd Floor, IEP Building, 97-B/D-I, Gulberg-III, Lahore.

Management
Mr. Mussaid Hanif(Chairman / C.E.O.) Mr. Burhan Muhammad Khan(Director) Mr. Arbab Muhammad Khan(Director) Mr. Manzar-ul-Islam(Director) Mr. Gauhar Abdul Hai(Director) Ms. Tahniyat Mussaid(Director) Ms. Sabah Burhan(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Allied Bank Limited Habib Bank Ltd.

Banker

Auditor
M/s. Anjum Asim Shahid Rahman

National Bank of Pakistan The Bank of Punjab United Bank Ltd. Faysal Bank Ltd. NIB Bank Ltd. 31st October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 4.00 5.00 .66 2.30

Production Desc
Fabric

Units
Sq.meters

Capacity
7,450,000

Actual Production
7,350,000

238

Other Textile Sector

Other Textile Sector

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

9061.4 10936.7 19998.1 0.0 169.6 12046.0 12215.6 32213.7

2005
9316.9 12646.2 21963.1 0.0 169.6 11454.7 11624.3 33587.4

2006
9347.2 15259.7 24606.9 0.0 0.0 9810.8 9810.8 34417.7

2007
9357.8 15927.7 25285.5 0.0 0.0 8602.2 8602.2 33887.7

2008
9392.9 11383.3 20776.2 0.0 0.0 10902.0 10902.0 31678.2

2009
9046.9 9799.2 18846.1 0.0 0.0 8157.7 8157.7 27003.8

7973.8 7970.5 9557.6 10519.0 10910.1 16181.4 1417.7 1409.9 1189.1 1134.9 974.7 1499.8 6556.1 6560.6 8368.5 9384.1 9935.4 14681.6 8070.7 6807.3 9204.2 10331.8 12945.7 11502.0 13952.0 18184.2 15674.4 15775.3 17590.9 13352.2 29996.5 32962.0 34436.2 36626.1 41446.7 41035.6 24230.0 26826.7 30524.4 32009.8 38120.7 41056.3 36445.6 38451.0 40335.2 40612.0 49022.7 49214.0 5766.5 6135.3 3911.8 4616.3 3326.0 -20.7 20945.5 24933.1 22302.0 19934.4 25445.7 25430.1 -16256.2 -18856.2 -20966.8 -21490.8 -27210.6 -24874.9 47397.5 26447.1 2517.4 56443.6 60698.7 57035.3 3663.4 54954.7 5744.0 56975.4 3898.6 1145.8 2752.8 670.4 212.5 255.6 5143.5 1869.9 3273.6 4387.3 7660.9 37.9 123.8 66.2 182.2 4.9 36.4 57.3 220.7 93.9 29.4 1.9 5.5 24.4 5.7 13.8 980.0 1.1 4.5 3.0 2.3 9.5 107.5 100.0 17.3 22.1 50924.6 27452.1 2323.9 60414.1 52303.1 43095.8 9207.3 48343.5 3959.6 50130.0 2376.1 1362.1 1014.0 334.5 1085.3 276.1 1373.7 -405.8 1779.5 1918.1 3697.6 34.6 122.9 55.1 175.1 1.7 -29.5 51.9 235.7 95.8 57.3 2.6 5.5 33.0 6.8 4.6 62.6 4.9 1.9 1.1 0.7 8.6 86.6 -63.3 -13.8 23.6 57199.3 30506.0 2518.6 64942.2 54764.9 45979.3 8785.6 49692.5 5072.4 51555.7 4528.9 2148.5 2380.4 502.7 269.6 0.0 830.3 1608.1 -777.8 4126.7 3348.9 28.5 112.8 61.5 163.9 3.7 193.7 123.2 263.3 94.1 47.4 3.9 9.6 21.1 6.6 9.7 696.5 1.1 4.3 2.5 2.0 9.3 84.3 127.3 4.7 26.3 57075.4 29271.5 2865.3 65897.6 53757.3 43743.4 10013.9 50166.1 3591.2 51958.7 3743.3 2652.3 1091.0 384.7 189.9 0.0 -530.0 516.4 -1046.4 3381.7 2335.3 25.4 114.4 65.1 160.6 1.7 -97.4 144.8 270.2 96.7 70.9 4.9 13.3 35.3 8.1 4.3 371.9 0.8 2.0 1.2 0.8 9.4 81.6 -52.0 -1.8 27.0 59344.3 28352.3 3095.1 69799.0 57135.2 45883.2 11252.0 54895.5 2239.7 57443.8 1460.0 3436.4 -1976.4 525.3 202.8 962.5 -2209.5 -2704.5 495.0 390.6 885.6 34.4 108.7 62.6 236.0 -2.8 122.4 44.1 221.2 100.5 235.4 6.0 13.5 -26.6 8.7 -9.5 -1233.6 1.0 -3.5 -2.1 -2.7 10.5 81.9 -275.0 6.3 22.1 60196.4 27024.5 2777.0 68060.1 55718.3 41251.7 14466.6 54192.0 1526.3 56777.0 1214.9 4396.1 -3181.2 374.5 322.1 0.0 -4674.4 -3877.8 -796.6 -1100.8 -1897.4 30.2 99.9 67.4 261.1 -4.7 83.0 58.0 208.3 101.9 361.8 7.9 17.3 -11.8 8.3 -16.9 -1103.9 1.7 -5.7 -3.5 -3.9 9.9 81.9 66.7 -2.5 20.8

241

Other Textiles

Operating, Financial & Investment Ratios

300
250 200
%

150 100 50 0

2004

2005 Gearing ratio

2006 Debt equity ratio

2007 Current ratio

2008

2009

Al-Abid Silk Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

74.3 556.7 631.0 0.0 0.0 555.0 555.0 1186.0 74.7 74.7 0.0 417.1 1647.7 2139.5 2255.4 2810.4 -115.9 2020.3 -2180.7 1646.3 1301.8 97.3 3441.3 2846.1 2744.0 102.1 2434.7 411.4 2707.1 141.2 99.1 42.1 23.9 3.7 0.0 327.5 14.5 313.0 111.8 424.8 46.8 94.9 21.8 445.4 1.2 4.4 26.3 849.3 95.1 70.2 3.5 4.9 56.8 2.3 6.7 491.9 0.6 1.5 5.7 2.4 10.2 82.7 -47.2 -8.9 84.9

2005
74.3 984.0 1058.3 0.0 0.0 854.3 854.3 1912.6 122.4 122.4 0.0 280.4 2532.1 2934.9 3265.0 4119.3 -330.1 2895.3 -3142.6 3045.8 2242.5 144.8 5177.4 3539.9 111.2 3428.7 3008.4 531.5 3331.5 210.2 150.9 59.3 28.3 3.7 0.0 726.6 27.3 699.3 172.1 871.4 44.7 89.9 12.3 389.2 1.1 3.8 19.7 1424.4 94.1 71.8 4.3 5.2 47.7 2.3 5.6 837.8 0.3 1.7 8.0 4.2 11.1 68.4 40.4 24.4 142.4

2006
74.3 1028.9 1103.2 0.0 0.0 583.8 583.8 1687.0 26.4 26.4 0.0 393.7 2827.8 3247.9 3707.0 4290.8 -459.1 2801.7 -3680.6 3120.8 2146.2 172.4 5394.1 4454.9 257.6 4197.3 3732.9 722.0 4077.3 385.6 280.1 105.5 45.5 5.5 0.0 -225.6 54.5 -280.1 226.9 -53.2 34.6 87.6 11.3 388.9 2.0 -24.2 -426.5 1484.8 91.5 72.6 6.3 10.0 43.1 2.1 9.6 1090.9 0.5 2.4 14.2 8.1 7.7 82.6 77.5 25.8 148.5

2007
95.8 1190.2 1286.0 0.0 0.0 236.3 236.3 1522.3 42.6 42.6 0.0 444.0 3151.3 3637.9 4225.8 4462.1 -587.9 2523.1 -4183.2 3245.2 2110.2 181.8 5748.1 4584.9 152.8 4432.1 3987.6 597.3 4217.7 367.2 284.9 82.3 46.6 0.0 0.0 -164.7 35.7 -200.4 217.5 17.1 15.5 86.1 11.5 347.0 1.4 -21.7 1271.9 1342.4 92.0 77.6 6.2 11.3 56.6 2.3 6.4 0.0 0.0 1.8 8.6 3.7 8.5 79.8 -39.4 2.9 134.2

2008
95.8 1386.0 1481.8 0.0 0.0 319.9 319.9 1801.7 10.8 10.8 0.0 431.9 4313.9 4756.6 5254.7 5574.6 -498.1 2680.4 -5243.9 3532.9 2299.8 174.2 7056.4 5495.6 84.1 5411.5 4813.6 682.0 5093.0 405.3 310.3 95.0 56.1 7.2 0.0 279.4 31.7 247.7 205.9 453.6 17.8 90.5 8.4 376.2 1.3 11.3 45.4 1546.8 92.7 76.6 5.6 11.6 59.1 2.1 6.4 540.3 0.5 1.7 9.9 4.1 8.3 77.9 15.1 19.9 154.7

2009
95.8 1423.6 1519.4 0.0 0.0 133.8 133.8 1653.2 36.5 36.5 0.0 510.6 4964.1 5511.2 6078.8 6212.6 -567.6 2886.4 -6042.3 3716.5 2220.9 177.4 7732.1 9101.0 64.8 9036.2 7789.0 1312.0 8528.5 573.4 436.8 136.6 91.7 7.2 0.0 -148.5 37.7 -186.2 215.1 28.9 8.1 90.7 9.0 408.9 1.8 -25.4 744.3 1586.0 93.7 76.2 4.8 15.1 67.1 1.6 9.0 623.6 0.5 1.5 14.3 4.7 8.0 117.7 44.4 65.6 158.6

243

Bannu Woollen Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

50.7 464.0 514.7 0.0 0.0 0.0 0.0 514.7 7.0 0.4 6.6 205.0 79.0 291.0 203.7 203.7 87.3 128.5 -196.7 575.6 427.4 25.3 718.4 269.1 269.1 0.0 230.3 38.8 252.9 20.3 5.1 15.2 4.2 0.0 0.0 123.7 11.0 112.7 36.3 149.0 0.0 142.9 104.1 39.6 2.1 8.9 24.4 1015.2 94.0 25.1 1.9 4.0 27.6 53.8 3.0 0.0 5.6 3.0 2.2 8.0 37.5 -51.6 -8.4 101.5

2005
50.7 459.7 510.4 0.0 0.0 0.0 0.0 510.4 7.2 0.6 6.6 107.5 132.4 247.1 147.6 147.6 99.5 106.5 -140.4 576.3 411.0 17.1 658.1 147.8 147.8 0.0 127.7 20.1 143.2 7.4 5.8 1.6 4.2 0.0 0.0 -4.3 -2.6 -1.7 14.5 12.8 0.0 167.4 77.7 28.9 0.2 113.3 1006.7 96.9 78.4 3.9 5.4 262.5 45.7 0.3 0.0 1.1 0.3 -0.5 4.0 22.5 -90.0 -45.1 100.7

2006
50.7 449.1 499.8 0.0 0.0 1.5 1.5 501.3 30.0 0.6 29.4 73.2 95.3 198.5 117.9 119.4 80.6 8.9 -87.9 599.9 420.6 22.4 619.1 288.9 288.9 0.0 213.7 75.2 242.5 43.9 5.7 38.2 16.5 0.0 0.0 -9.1 21.7 -30.8 44.1 13.3 0.3 168.4 87.5 23.9 6.2 -238.5 331.6 985.8 83.9 13.0 2.0 64.0 43.2 10.3 7.6 0.0 0.0 13.2 7.5 4.3 5.5 46.7 2400.0 95.5 98.6

2007
50.7 477.1 527.8 0.0 0.0 67.8 67.8 595.6 37.5 7.1 30.4 93.6 109.6 240.7 73.4 141.2 167.3 90.6 -35.9 623.7 428.3 23.0 669.0 296.0 296.0 0.0 222.0 74.0 252.7 45.0 3.4 41.6 14.8 0.0 0.0 94.3 26.8 67.5 49.8 117.3 11.4 327.9 178.6 26.8 6.2 28.4 42.5 1041.0 85.4 7.6 1.1 3.8 35.6 12.0 7.9 0.0 0.0 14.1 8.2 5.3 5.5 44.2 9.3 2.5 104.1

2008
76.1 237.7 313.8 0.0 0.0 13.4 13.4 327.2 32.1 0.6 31.5 122.3 140.0 294.4 386.4 399.8 -92.0 83.7 -354.3 629.7 419.2 212.7 713.6 332.2 332.2 0.0 319.7 12.5 352.1 -16.9 0.0 -16.9 16.3 0.0 380.3 -268.4 -33.2 -235.2 179.5 -55.7 4.1 76.2 40.0 127.4 -2.4 12.4 -322.3 412.4 106.0 0.0 0.0 0.0 -96.4 15.3 -5.4 0.0 0.0 -5.1 -2.2 -4.4 49.7 46.6 -126.8 12.2 41.2

2009
76.1 477.5 553.6 0.0 0.0 1.8 1.8 555.4 4.2 0.8 3.4 121.4 202.3 327.9 246.6 248.4 81.3 112.8 -242.4 698.7 474.1 13.4 802.0 391.3 391.3 0.0 295.3 96.0 348.8 15.4 5.7 9.7 8.2 0.0 0.0 228.2 1.5 226.7 14.9 241.6 0.3 133.0 50.9 44.9 1.2 0.7 6.2 727.5 89.1 37.0 1.5 5.1 84.5 12.8 1.8 0.0 0.0 2.5 1.3 0.2 3.2 48.8 -159.1 17.8 72.7

244

Dewan Salman Fibre Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

3407.6 2896.9 6304.5 0.0 0.0 3297.5 3297.5 9602.0

2005
3663.2 2575.4 6238.6 0.0 0.0 2608.0 2608.0 8846.6

2006
3663.2 4964.8 8628.0 0.0 0.0 2690.6 2690.6 11318.6

2007
3663.2 4133.4 7796.6 0.0 0.0 2246.1 2246.1 10042.7

2008
3663.2 -767.3 2895.9 0.0 0.0 2967.2 2967.2 5863.1

2009
3663.2 -6993.3 -3330.1 0.0 0.0 1022.5 1022.5 -2307.6

266.8 434.3 546.4 432.5 235.4 150.0 266.8 349.5 294.2 155.3 87.4 16.6 0.0 84.8 252.2 277.2 148.0 133.4 3214.3 2967.3 4369.7 4428.0 5549.5 5107.9 6239.6 7837.1 6844.0 6634.5 4683.6 1457.5 9720.7 11238.7 11760.1 11495.0 10468.5 6715.4 10102.9 11505.6 13448.4 13503.1 15609.7 18981.4 13400.4 14113.6 16139.0 15749.2 18576.9 20003.9 -382.2 -266.9 -1688.3 -2008.1 -5141.2 -12266.0 6680.2 7753.9 8550.1 7365.2 10431.9 10079.7 -9836.1 -11071.3 -12902.0 -13070.6 -15374.3 -18831.4 17864.7 9984.3 1031.3 19705.0 21122.3 21122.3 0.0 19448.5 1673.8 20024.0 1099.4 700.8 398.6 89.3 0.0 255.6 -569.0 309.3 -878.3 1340.6 462.3 34.3 96.2 34.5 212.6 2.0 290.0 185.0 94.8 63.7 3.3 10.5 22.4 6.8 6.3 0.0 1.9 1.2 0.9 9.6 107.2 300.0 13.2 18.5 17997.6 9113.6 1004.8 20352.3 19470.9 17051.2 2419.7 18378.8 1092.1 18868.5 607.1 592.5 14.6 86.7 255.6 255.6 -755.4 -327.7 -427.7 677.1 249.4 29.5 97.7 29.6 226.2 0.1 271.5 170.3 96.9 97.6 3.0 7.6 593.8 8.1 0.2 -28.2 4.1 0.1 0.0 -0.2 10.1 95.7 -100.0 -7.8 17.0 22813.4 13007.1 935.5 24767.2 16732.6 15573.6 1159.0 15702.0 1030.6 16123.2 548.8 650.1 -101.3 83.6 0.0 0.0 2472.0 -184.9 2656.9 750.6 3407.5 23.8 87.4 36.6 187.1 -0.4 -7.5 22.0 235.5 96.4 118.5 3.9 7.6 -82.5 11.6 -1.2 0.0 0.0 -0.6 -0.3 -0.5 10.3 67.6 0.0 -14.1 23.6 22669.0 12050.7 1237.5 23545.7 15021.5 13940.2 1081.3 14749.4 272.1 15074.9 -23.5 1130.4 -1153.9 75.3 0.0 0.0 -1275.9 -1229.2 -46.7 8.3 -38.4 22.4 85.1 36.0 202.0 -4.9 96.3 -21.6 212.8 100.4 -4810.2 7.5 15.3 -6.5 16.0 -14.8 0.0 0.0 -7.7 -3.1 -3.4 9.5 63.8 933.3 -10.2 21.3 23007.1 11004.3 1130.5 21472.8 10762.2 9991.1 771.1 13253.4 -2491.2 13789.1 -3024.6 1964.1 -4988.7 53.8 0.0 0.0 -4179.6 -5042.5 862.9 -3912.0 -3049.1 50.6 67.1 37.1 641.5 -23.2 120.6 128.3 79.1 128.1 -64.9 18.2 18.8 -1.1 24.9 -172.3 0.0 0.0 -46.4 -13.6 -13.8 9.4 50.1 338.7 -28.4 7.9 23081.7 9958.5 1048.3 16673.9 4169.6 4096.1 73.5 8206.3 -4036.7 8422.7 -4243.7 2119.9 -6363.6 0.8 0.0 0.0 -8170.7 -6364.4 -1806.3 -5316.1 -7122.4 0.0 35.4 27.7 0.0 -38.2 77.9 74.6 -90.9 202.0 -50.0 50.8 21.0 0.0 68.0 0.0 0.0 0.0 -152.6 -17.4 -17.4 9.5 25.0 27.9 -61.3 -9.1

245

Gatron (Industries) Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

383.6 1932.4 2316.0 0.0 0.0 112.0 112.0 2428.0 323.1 22.6 300.5 1040.8 1441.1 2805.0 2149.9 2261.9 655.1 1092.9 -1826.8 4334.1 1772.9 175.7 4577.9 5918.4 4968.8 949.6 5326.0 592.4 5501.8 432.5 23.4 409.1 95.8 19.8 0.0 91.4 293.5 -202.1 469.2 267.1 4.6 130.5 63.4 97.7 8.9 321.1 175.7 603.8 93.0 5.4 0.4 2.1 23.4 10.4 17.7 1582.3 0.9 6.9 10.7 8.2 10.4 129.3 5.9 15.4 60.4

2005
383.6 2466.1 2849.7 0.0 0.0 413.2 413.2 3262.9 321.3 161.6 159.7 586.2 1710.6 2618.1 1993.9 2407.1 624.2 1711.4 -1672.6 5149.2 2638.8 222.1 5256.9 5664.1 5066.9 597.2 5150.4 513.7 5312.9 377.9 50.4 327.5 25.2 191.8 0.0 834.9 110.5 724.4 332.6 1057.0 12.7 131.3 45.5 84.5 6.2 13.2 31.5 742.9 93.8 13.3 0.9 2.9 7.7 8.6 11.5 157.6 6.7 5.8 8.5 7.9 10.5 107.7 -20.6 -4.3 74.3

2006
383.6 1705.4 2089.0 0.0 0.0 461.0 461.0 2550.0 316.0 13.8 302.2 760.8 1662.4 2739.2 2676.8 3137.8 62.4 1306.9 -2360.8 5425.0 2487.7 203.8 5226.9 4839.9 4488.2 351.7 4488.0 351.9 4621.3 256.2 126.4 129.8 23.7 57.5 0.0 -712.9 48.6 -761.5 252.4 -509.1 18.1 102.3 40.2 150.2 2.5 -6.8 -49.6 544.6 95.5 49.3 2.6 9.7 18.3 6.8 6.2 184.5 2.8 2.7 3.4 2.8 8.9 92.6 -60.0 -14.6 54.5

2007
383.6 1799.3 2182.9 0.0 0.0 458.8 458.8 2641.7 320.7 20.2 300.5 962.2 1484.4 2767.3 2603.3 3062.1 164.0 1512.8 -2282.6 5590.2 2477.9 267.8 5245.2 6209.2 5578.5 630.7 5684.2 525.0 5890.9 352.3 171.9 180.4 30.1 57.5 0.0 91.7 92.8 -1.1 360.6 359.5 17.4 106.3 49.3 140.3 3.4 101.2 100.3 569.1 94.9 48.8 2.8 11.4 16.7 8.5 8.3 261.4 2.6 2.9 4.7 3.9 10.8 118.4 38.2 28.3 56.9

2008
383.6 1898.4 2282.0 0.0 0.0 934.1 934.1 3216.1 395.2 94.7 300.5 1307.1 1719.4 3421.7 2652.7 3586.8 769.0 1837.0 -2257.5 5732.9 2447.1 261.1 5868.8 7056.5 6105.6 950.9 6271.2 785.3 6680.9 384.3 152.7 231.6 17.2 57.5 82.3 574.4 156.9 417.5 418.0 835.5 29.0 129.0 64.2 157.2 3.9 27.3 50.0 594.9 94.7 39.7 2.2 8.3 7.4 9.1 10.1 372.9 2.5 3.3 6.0 5.6 10.7 120.2 27.7 13.6 59.5

2009
383.6 2220.2 2603.8 0.0 0.0 337.5 337.5 2941.3 345.5 45.0 300.5 1102.2 1956.5 3404.2 2892.2 3229.7 512.0 2083.3 -2546.7 6083.3 2429.3 258.9 5833.5 7497.0 6853.9 643.1 6929.1 567.9 7252.0 640.5 255.6 384.9 7.2 57.5 0.0 -274.8 320.2 -595.0 579.1 -15.9 11.5 117.7 50.1 124.0 6.6 -116.5 -3642.1 678.8 96.7 39.9 3.4 12.3 1.9 7.3 14.8 656.9 2.2 5.1 10.0 9.8 10.6 128.5 66.7 6.2 67.9

246

Ibrahim Fibres Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

3105.1 3157.7 6262.8 0.0 0.0 7050.2 7050.2 13313.0 6345.5 135.3 6210.2 1136.5 2559.2 10041.2 5367.8 12418.0 4673.4 8703.9 977.7 12968.6 8639.4 833.0 18680.6 19286.8 19230.4 56.4 17483.6 1803.2 17843.7 1480.0 229.7 1250.3 82.3 0.0 0.0 5562.7 1168.0 4394.7 2001.0 6395.7 53.0 187.1 139.4 198.3 6.7 21.0 31.3 201.7 92.5 15.5 1.2 2.6 6.6 1.1 20.0 0.0 6.5 4.0 3.8 10.1 103.2 100.0 41.6 20.2

2005
3105.1 3694.0 6799.1 0.0 0.0 6845.5 6845.5 13644.6 6328.4 118.2 6210.2 897.0 3424.6 10650.0 5421.7 12267.2 5228.3 10340.8 906.7 13955.6 8416.3 595.9 19066.3 11686.2 11623.4 62.8 10747.3 938.9 10969.2 739.2 453.5 285.7 48.8 465.8 0.0 331.6 -228.9 560.5 367.0 927.5 50.2 196.4 133.3 180.4 1.5 -69.0 39.6 219.0 93.9 61.4 3.9 4.4 17.1 0.9 4.2 50.9 6.9 2.4 0.9 0.8 6.9 61.3 -77.5 -39.4 21.9

2006
3105.1 4647.2 7752.3 0.0 0.0 5511.1 5511.1 13263.4 7858.3 268.1 7590.2 1473.1 1629.9 10961.3 5484.8 10995.9 5476.5 7525.5 2373.5 14132.7 7787.0 817.9 18748.3 17216.5 17161.5 55.0 15270.5 1946.0 15656.1 2780.3 931.9 1848.4 262.2 0.0 0.0 -381.2 1586.2 -1967.4 2404.1 436.7 41.6 199.8 170.1 141.8 9.9 -416.1 550.5 249.7 90.9 33.5 5.4 12.4 14.2 0.9 23.8 0.0 0.0 10.7 6.0 5.1 9.7 91.8 566.7 47.3 25.0

2007
3105.1 5992.9 9098.0 0.0 0.0 4911.5 4911.5 14009.5 8833.1 297.5 8535.6 1827.2 2495.3 13155.6 6640.5 11552.0 6515.1 6712.4 2192.6 14073.1 7494.5 767.2 20650.1 16330.4 16267.9 62.5 14699.9 1630.5 15145.6 2694.3 925.7 1768.6 132.5 0.0 0.0 746.1 1636.1 -890.0 2403.3 1513.3 35.1 198.1 160.5 127.0 8.6 219.3 158.8 293.0 92.7 34.4 5.7 13.8 7.5 0.7 19.4 0.0 0.0 10.8 5.7 5.3 9.9 79.1 -5.0 -5.1 29.3

2008
3105.1 6441.2 9546.3 0.0 0.0 5580.8 5580.8 15127.1 9570.6 244.6 9326.0 2597.0 4173.3 16340.9 8714.9 14295.7 7626.0 7883.0 855.7 14964.8 7501.1 743.0 23842.0 21557.3 21447.4 109.9 19370.6 2186.7 19924.2 2980.4 870.9 2109.5 262.9 0.0 500.0 1117.6 1846.6 -729.0 2589.6 1860.6 36.9 187.5 139.6 149.8 8.8 165.2 139.2 307.4 92.4 29.2 4.0 11.0 12.5 0.6 22.1 0.0 0.0 9.8 6.8 5.9 9.9 90.4 19.3 32.0 30.7

2009
3105.1 8751.8 11856.9 0.0 0.0 6161.2 6161.2 18018.1 13742.4 169.5 13572.9 1995.6 2909.7 18647.7 8446.6 14607.8 10201.1 7943.1 5295.8 16202.0 7817.0 723.3 26464.7 22059.6 21978.3 81.3 19748.6 2311.0 20323.8 3313.4 1387.3 1926.1 94.4 0.0 0.0 2891.0 1831.7 1059.3 2555.0 3614.3 34.2 220.8 186.3 123.2 7.3 63.4 70.7 381.9 92.1 41.9 6.3 17.5 4.9 0.7 16.2 0.0 0.0 8.7 6.2 5.9 9.6 83.4 -8.8 2.3 38.2

247

Indus Polyester Company Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

123.6 124.6 248.2 0.0 0.0 0.0 0.0 248.2 1.4 1.4 0.0 13.5 20.2 35.1 71.3 71.3 -36.2 0.0 -69.9 463.6 284.5 0.0 319.6 133.8 132.8 1.0 149.0 -15.2 155.4 -20.1 0.1 -20.2 0.5 0.0 0.0 -71.7 -20.7 -51.0 -20.7 -71.7 0.0 49.2 20.9 28.7 -6.3 200.8 116.1 0.1 1.3 -8.1 0.0 -15.1 -1.6 -1.7 0.0 41.9 -42.9 -19.9 20.1

2005
123.6 96.3 219.9 0.0 0.0 0.0 0.0 219.9 0.2 0.2 0.0 3.4 14.0 17.6 66.9 66.9 -49.3 0.0 -66.7 460.2 269.2 13.9 286.8 34.6 34.3 0.3 61.6 -27.0 63.6 -28.2 0.0 -28.2 0.1 0.0 0.0 -28.3 -28.3 0.0 -14.4 -14.4 0.0 26.3 5.4 30.4 -9.8 177.9 183.8 0.0 3.5 -12.8 0.0 -81.5 -2.3 -2.3 4.9 12.1 43.8 -74.1 17.8

2006
123.6 87.9 211.5 0.0 0.0 0.0 0.0 211.5 0.4 0.4 0.0 11.3 1.9 13.6 58.0 58.0 -44.4 0.0 -57.6 460.1 256.0 13.2 269.6 28.2 28.2 0.0 37.0 -8.8 38.5 -10.3 0.0 -10.3 0.1 0.0 0.0 -8.4 -10.4 2.0 2.8 4.8 0.0 23.4 20.2 27.4 -3.8 123.8 58.3 171.1 136.5 0.0 0.0 0.0 -1.0 0.7 -4.9 0.0 0.0 -36.5 -0.8 -0.8 4.9 10.5 -65.2 -18.5 17.1

2007
123.6 76.6 200.2 0.0 0.0 0.0 0.0 200.2 0.2 0.2 0.0 16.8 1.4 18.4 55.4 55.4 -37.0 0.0 -55.2 447.2 237.2 12.2 255.6 0.5 0.5 0.0 14.4 -13.9 16.0 -15.5 0.0 -15.5 0.0 0.0 0.0 -11.3 -15.5 4.2 -3.3 0.9 0.0 33.2 30.7 27.7 -6.1 137.2 -366.7 162.0 3200.0 0.0 0.0 0.0 0.0 0.0 -7.7 0.0 0.0 -3100.0 -1.3 -1.3 4.8 0.2 62.5 -98.2 16.2

2008
123.6 56.2 179.8 0.0 0.0 0.0 0.0 179.8 0.2 0.2 0.0 0.0 0.1 0.3 57.7 57.7 -57.4 0.0 -57.5 447.7 237.2 168.8 237.5 0.0 0.0 0.0 1.9 -1.9 120.0 -120.0 0.0 -120.0 0.0 0.0 0.0 -20.4 -120.0 99.6 48.8 148.4 0.0 0.5 0.3 32.1 -50.5 588.2 32.9 145.5 0.0 0.0 0.0 0.0 0.0 0.0 -66.7 0.0 0.0 0.0 -9.7 -9.7 71.2 0.0 646.2 -100.0 14.5

2009
123.6 56.2 179.8 0.0 0.0 0.0 0.0 179.8 0.2 0.2 0.0 0.0 0.1 0.3 57.7 57.7 -57.4 0.0 -57.5 447.7 237.2 168.8 237.5 0.0 0.0 0.0 1.9 -1.9 120.0 -120.0 0.0 -120.0 0.0 0.0 0.0 0.0 -120.0 120.0 48.8 168.8 0.0 0.5 0.3 32.1 -50.5 0.0 28.9 145.5 0.0 0.0 0.0 0.0 0.0 0.0 -66.7 0.0 0.0 0.0 -9.7 -9.7 71.2 0.0 0.0 14.5

248

Kashmir Polytex Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

71.0 -139.3 -68.3 0.0 0.0 197.4 197.4 129.1 3.0 3.0 0.0 40.3 79.2 122.5 154.2 351.6 -31.7 229.3 -151.2 270.6 160.9 12.7 283.4 192.2 56.2 136.0 153.5 38.7 191.9 3.9 3.7 0.2 0.9 0.0 0.0 -5.3 -0.7 -4.6 12.0 7.4 152.9 79.4 28.1 0.1 162.2 -96.2 99.8 94.9 1.9 1.6 450.0 2.0 0.1 0.0 -0.1 7.3 67.8 -100.0 30.7 -9.6

2005
71.0 -58.5 12.5 0.0 0.0 127.4 127.4 139.9 5.3 5.3 0.0 36.7 87.1 129.1 139.1 266.5 -10.0 217.6 -133.8 271.8 149.9 11.6 279.0 251.8 112.4 139.4 218.6 33.2 262.0 -2.8 5.4 -8.2 1.2 0.0 0.0 10.8 -9.4 20.2 2.2 22.4 91.1 92.8 30.2 2132.0 -2.9 -87.0 9.8 17.6 104.1 2.1 2.5 0.7 -65.6 0.0 -3.3 -1.2 -1.3 7.2 90.3 0.0 31.0 1.8

2006
71.0 -206.7 -135.7 0.0 0.0 104.5 104.5 -31.2 5.1 5.1 0.0 50.6 69.7 125.4 291.7 396.2 -166.3 233.7 -286.6 294.1 135.1 8.4 260.5 230.8 146.7 84.1 230.8 0.0 268.9 -36.1 9.1 -45.2 1.1 0.0 0.0 -171.1 -46.3 -124.8 -37.9 -162.7 0.0 43.0 19.1 0.0 -17.4 27.1 23.3 -191.1 116.5 -25.2 3.9 3.9 -2.4 4.6 0.0 0.0 0.0 -19.6 -6.4 -6.5 5.5 88.6 433.3 -8.3 -19.1

2007
71.0 -246.4 -175.4 0.0 0.0 55.7 55.7 -119.7 1.6 1.6 0.0 54.2 4.9 60.7 207.6 263.3 -146.9 94.2 -206.0 27.3 27.3 2.2 88.0 83.8 66.6 17.2 116.0 -32.2 133.1 -13.2 8.6 -21.8 0.5 0.0 0.0 -88.5 -22.3 -66.2 -20.1 -86.3 0.0 29.2 26.9 0.0 -24.8 25.2 23.3 -247.0 158.8 -65.2 10.3 9.1 -2.3 1.9 0.0 0.0 0.0 -26.0 -3.1 -3.1 1.6 95.2 -51.6 -63.7 -24.7

2008
71.0 -246.4 -175.4 0.0 0.0 55.7 55.7 -119.7 1.6 1.6 0.0 54.2 4.9 60.7 207.6 263.3 -146.9 94.2 -206.0 27.3 27.3 2.2 88.0 83.8 66.6 17.2 116.0 -32.2 133.1 -13.2 8.6 -21.8 0.5 0.0 0.0 0.0 -22.3 22.3 -20.1 2.2 0.0 29.2 26.9 0.0 -24.8 0.0 -913.6 -247.0 158.8 -65.2 10.3 9.1 -2.3 1.9 0.0 0.0 0.0 -26.0 -3.1 -3.1 1.6 95.2 0.0 0.0 -24.7

2009
71.0 -246.4 -175.4 0.0 0.0 55.7 55.7 -119.7 1.6 1.6 0.0 54.2 4.9 60.7 207.6 263.3 -146.9 94.2 -206.0 27.3 27.3 2.2 88.0 83.8 66.6 17.2 116.0 -32.2 133.1 -13.2 8.6 -21.8 0.5 0.0 0.0 0.0 -22.3 22.3 -20.1 2.2 0.0 29.2 26.9 0.0 -24.8 0.0 -913.6 -247.0 158.8 -65.2 10.3 9.1 -2.3 1.9 0.0 0.0 0.0 -26.0 -3.1 -3.1 1.6 95.2 0.0 0.0 -24.7

249

Liberty Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

205.5 421.7 627.2 0.0 0.0 210.0 210.0 837.2 62.2 59.9 2.3 624.6 313.4 1000.2 1092.9 1302.9 -92.7 942.8 -1030.7 1605.0 930.1 89.4 1930.3 2820.4 597.1 2223.3 2431.8 388.6 2598.3 226.6 28.5 198.1 24.5 51.4 0.0 209.9 122.2 87.7 211.6 299.3 25.1 91.5 62.8 207.7 10.3 58.2 70.7 305.2 92.1 12.6 1.0 3.0 12.4 15.8 31.6 337.7 8.2 7.0 9.6 8.4 10.0 146.1 -11.9 -1.1 30.5

2005
205.5 647.8 853.3 0.0 0.0 260.3 260.3 1113.6 50.3 47.8 2.5 813.4 504.7 1368.4 1339.5 1599.8 28.9 788.6 -1289.2 1660.4 1084.9 87.0 2453.3 3126.8 854.7 2272.1 2685.8 441.0 2869.5 263.8 38.9 224.9 24.8 30.8 20.6 276.4 169.3 107.1 256.3 363.4 23.4 102.2 64.5 187.5 9.2 61.3 70.5 415.2 91.8 14.7 1.2 4.9 11.0 21.0 26.4 649.7 3.6 7.2 10.9 9.7 9.4 127.5 13.5 10.9 41.5

2006
226.1 621.9 848.0 0.0 0.0 146.6 146.6 994.6 158.8 158.3 0.5 716.2 558.3 1433.3 1719.4 1866.0 -286.1 934.9 -1560.6 2131.4 1280.8 94.6 2714.1 3783.8 1128.4 2655.4 3265.3 518.5 3473.4 311.9 68.7 243.2 46.1 45.2 0.0 -119.0 151.9 -270.9 246.5 -24.4 14.7 83.4 50.9 220.0 9.0 -127.6 -1010.2 375.1 91.8 22.0 1.8 7.3 19.0 14.5 28.7 436.1 5.3 6.4 10.8 8.7 8.7 139.4 -0.9 21.0 37.5

2007
226.1 950.1 1176.2 0.0 0.0 122.4 122.4 1298.6 141.4 139.2 2.2 970.8 596.3 1708.5 1679.9 1802.3 28.6 898.9 -1538.5 2009.6 1269.9 108.1 2978.4 4428.2 1014.5 3413.7 3790.3 637.9 4044.5 395.5 66.9 328.6 52.2 45.2 0.0 304.0 231.2 72.8 339.3 412.1 9.4 101.7 66.2 153.2 11.0 76.1 82.3 520.2 91.3 16.9 1.5 7.4 15.9 15.8 27.9 611.5 3.8 7.4 14.5 12.2 8.5 148.7 34.3 17.0 52.0

2008
226.1 1246.6 1472.7 0.0 0.0 214.9 214.9 1687.6 140.8 137.8 3.0 1132.6 748.5 2021.9 1634.5 1849.4 387.4 1252.8 -1493.7 2301.4 1300.2 109.8 3322.1 4602.1 946.5 3655.6 3839.2 762.9 4161.6 474.2 94.9 379.3 46.8 33.9 0.0 389.0 298.6 90.4 408.4 498.8 12.7 123.7 77.9 125.6 11.4 76.8 81.9 651.3 90.4 20.0 2.1 7.6 12.3 18.6 25.8 980.8 2.3 8.2 16.8 14.7 8.6 138.5 15.9 3.9 65.1

2009
226.1 1775.1 2001.2 0.0 0.0 139.3 139.3 2140.5 1118.6 575.6 543.0 1384.1 783.2 3285.9 2389.7 2529.0 896.2 1862.4 -1271.1 2387.7 1244.2 122.2 4530.1 5228.5 1003.9 4224.6 4326.0 902.5 4621.7 781.9 154.0 627.9 65.7 113.1 0.0 452.9 449.1 3.8 571.3 575.1 6.5 137.5 104.7 126.4 13.9 99.2 99.3 885.1 88.4 19.7 2.9 8.3 10.5 9.5 31.4 497.1 5.7 12.0 27.8 24.9 9.4 115.4 65.5 13.6 88.5

250

Moonlite (Pak) Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

21.6 1.2 22.8 0.0 0.0 120.9 120.9 143.7 3.0 3.0 0.0 69.7 164.1 236.8 141.8 262.7 95.0 195.6 -138.8 171.7 48.7 5.5 285.5 240.4 219.6 20.8 205.9 34.5 228.8 15.7 8.7 7.0 1.2 0.0 0.0 -32.5 5.8 -38.3 11.3 -27.0 84.1 167.0 51.3 1152.2 2.5 105.6 95.2 55.4 3.6 4.4 17.1 25.2 30.7 0.0 2.9 3.2 2.7 10.5 84.2 -17.9 -11.5 10.6

2005
21.6 62.9 84.5 0.0 0.0 102.8 102.8 187.3 0.6 0.6 0.0 68.9 176.2 245.7 167.9 270.7 77.8 216.3 -167.3 237.7 109.5 6.0 355.2 320.3 246.8 73.5 271.0 49.3 303.5 18.0 11.7 6.3 1.5 0.0 0.0 43.6 4.8 38.8 10.8 49.6 54.9 146.3 41.4 320.4 1.8 11.0 21.8 391.2 94.8 65.0 3.7 5.4 23.8 19.9 7.5 0.0 2.0 2.9 2.2 12.3 90.2 -9.4 33.2 39.1

2006
21.6 32.1 53.7 0.0 0.0 75.3 75.3 129.0 0.7 0.7 0.0 58.4 152.9 212.0 184.6 259.9 27.4 196.7 -183.9 237.2 101.7 8.1 313.7 249.6 176.8 72.8 221.3 28.3 253.3 -4.6 16.4 -21.0 2.5 0.0 0.0 -58.3 -23.5 -34.8 -15.4 -50.2 58.4 114.8 32.0 484.0 -6.7 40.3 30.7 248.6 101.5 -356.5 6.6 8.3 -11.9 19.1 -39.1 0.0 0.0 -8.4 -9.7 -10.9 7.4 79.6 -434.5 -22.1 24.9

2007
21.6 243.8 265.4 0.0 0.0 0.0 0.0 265.4 2.9 2.9 0.0 73.9 126.8 203.6 21.1 21.1 182.5 0.0 -18.2 158.1 82.9 5.2 286.5 156.6 141.8 14.8 152.2 4.4 175.4 216.0 4.7 211.3 0.9 0.0 0.0 136.4 210.4 -74.0 215.6 141.6 0.0 964.9 364.0 8.0 73.8 154.3 152.3 1228.7 112.0 2.2 3.0 0.0 0.4 37.2 79.6 0.0 0.0 134.9 97.8 97.4 5.1 54.7 -1108.2 -37.3 122.9

2008
21.6 243.8 265.4 0.0 0.0 0.0 0.0 265.4 2.9 2.9 0.0 73.9 126.8 203.6 21.1 21.1 182.5 0.0 -18.2 158.1 82.9 5.2 286.5 156.6 141.8 14.8 152.2 4.4 175.4 216.0 4.7 211.3 0.9 0.0 0.0 0.0 210.4 -210.4 215.6 5.2 0.0 964.9 364.0 8.0 73.8 0.0 4146.2 1228.7 112.0 2.2 3.0 0.0 0.4 37.2 79.6 0.0 0.0 134.9 97.8 97.4 5.1 54.7 0.0 0.0 122.9

2009
21.6 193.5 215.1 0.0 0.0 0.0 0.0 215.1 2.2 0.4 1.8 52.8 108.7 163.7 52.8 52.8 110.9 16.5 -50.6 232.1 104.3 7.9 268.0 105.3 105.3 0.0 114.7 -9.4 133.7 -28.3 2.0 -30.3 0.0 1.1 0.0 -50.3 -31.4 -18.9 -23.5 -42.4 0.0 310.0 104.2 24.5 -11.3 62.4 55.4 995.8 127.0 -7.1 1.9 12.1 0.0 42.7 -14.1 -2754.5 0.5 -28.8 -14.0 -14.0 7.0 39.3 -114.3 -32.8 99.6

251

Noor Silk Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

4.0 -16.3 -12.3 0.0 0.0 0.0 0.0 -12.3 0.4 0.4 0.0 0.4 0.0 0.8 13.5 13.5 -12.7 0.0 -13.1 13.0 0.4 0.0 1.2 0.0 0.0 0.0 0.0 0.0 0.7 0.4 0.0 0.4 0.1 0.0 0.0 0.2 0.3 -0.1 0.3 0.2 5.9 5.9 33.3 150.0 150.0 -307.5 0.0 25.0 1.0 0.8 0.0 0.0 0.0 -30.8

2005
4.0 -16.0 -12.0 0.0 0.0 0.0 0.0 -12.0 0.8 0.8 0.0 0.4 0.0 1.2 13.5 13.5 -12.3 0.0 -12.7 13.0 0.4 0.0 1.6 0.0 0.0 0.0 0.0 0.0 0.7 0.4 0.0 0.4 0.2 0.0 0.0 0.3 0.2 0.1 0.2 0.3 8.9 8.9 25.0 66.7 66.7 -300.0 0.0 50.0 1.0 0.5 0.0 0.0 0.0 -30.0

2006
4.0 -16.1 -12.1 0.0 0.0 0.0 0.0 -12.1 1.1 1.1 0.0 0.3 0.0 1.4 13.8 13.8 -12.4 0.0 -12.7 3.1 0.3 0.1 1.7 0.0 0.0 0.0 0.0 0.0 0.9 0.3 0.0 0.3 0.3 0.0 0.0 -0.1 0.0 -0.1 0.1 0.0 0.0 10.1 10.1 0.0 17.6 0.0 0.0 -302.5 0.0 0.0 0.0 0.0 100.0 0.0 0.0 0.0 0.0 0.0 0.8 0.0 25.0 0.0 -20.0 -30.3

2007
4.0 -16.1 -12.1 0.0 0.0 0.0 0.0 -12.1 0.9 0.9 0.0 0.3 0.0 1.2 13.6 13.6 -12.4 0.0 -12.7 3.0 0.3 0.0 1.5 0.0 0.0 0.0 0.0 0.0 1.2 0.0 0.0 0.0 0.1 0.0 0.0 0.0 -0.1 0.1 -0.1 0.0 0.0 8.8 8.8 0.0 0.0 0.0 0.0 -302.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.3 0.0 0.0 -100.0 -30.3

2008
4.0 -14.9 -10.9 0.0 0.0 0.0 0.0 -10.9 1.4 1.4 0.0 0.5 0.0 1.9 12.9 12.9 -11.0 0.0 -11.5 2.8 0.1 2.7 2.0 0.0 0.0 0.0 0.0 0.0 0.9 1.3 0.0 1.3 0.1 0.0 0.0 1.2 1.2 0.0 3.9 3.9 0.0 14.7 14.7 0.0 65.0 100.0 100.0 -272.5 0.0 0.0 0.0 0.0 7.7 0.0 0.0 0.0 0.0 0.0 3.3 3.0 2700.0 0.0 0.0 -27.3

2009
4.0 -14.4 -10.4 0.0 0.0 0.0 0.0 -10.4 1.6 1.6 0.0 0.5 0.0 2.1 12.6 12.6 -10.5 0.0 -11.0 2.8 0.1 0.0 2.2 0.0 0.0 0.0 0.0 0.0 1.0 0.6 0.0 0.6 0.1 0.0 0.0 0.5 0.5 0.0 0.5 0.5 0.0 16.7 16.7 0.0 27.3 100.0 100.0 -260.0 0.0 0.0 0.0 0.0 16.7 0.0 0.0 0.0 0.0 0.0 1.5 1.3 0.0 0.0 -54.5 -26.0

252

Pakistan Synthetics Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

560.4 547.5 1107.9 0.0 0.0 0.0 0.0 1107.9 66.0 66.0 0.0 412.9 308.8 787.7 248.8 248.8 538.9 70.0 -182.8 1889.5 569.1 71.7 1356.8 2225.7 2223.0 2.7 2136.7 89.0 2174.9 53.5 6.2 47.3 14.3 0.0 0.0 35.9 33.0 2.9 104.7 107.6 0.0 316.6 192.5 22.5 3.5 91.9 97.3 197.7 97.7 11.6 0.3 8.9 30.2 10.9 4.3 0.0 2.1 0.8 0.6 13.7 164.0 -52.9 6.7 19.8

2005
560.4 465.4 1025.8 0.0 0.0 0.0 0.0 1025.8 32.2 32.2 0.0 366.7 411.5 810.4 276.0 276.0 534.4 60.0 -243.8 1877.9 491.3 77.1 1301.7 1927.1 1891.2 35.9 1937.1 -10.0 1983.2 -50.2 8.7 -58.9 8.4 0.0 0.0 -82.1 -67.3 -14.8 9.8 -5.0 0.0 293.6 144.5 26.9 -4.5 183.0 102.9 0.5 14.5 14.3 -5.7 0.0 -3.1 -1.1 -1.2 13.5 148.0 -237.5 -13.4 18.3

2006
560.4 422.3 982.7 0.0 0.0 0.0 0.0 982.7 11.7 11.7 0.0 413.6 413.1 838.4 309.8 309.8 528.6 40.8 -298.1 1892.1 454.1 76.4 1292.5 1873.0 1873.0 0.0 1797.5 75.5 1849.2 36.3 9.3 27.0 0.7 56.0 0.0 -43.1 -29.7 -13.4 46.7 33.3 0.0 270.6 137.3 31.5 2.1 68.9 140.2 175.4 98.7 25.6 0.5 22.8 2.6 13.2 2.7 47.0 5.7 1.4 0.5 0.5 15.6 144.9 -145.5 -2.8 17.5

2007
560.4 290.2 850.6 0.0 0.0 67.4 67.4 918.0 3.6 3.6 0.0 473.0 294.6 771.2 356.5 423.9 414.7 141.6 -352.9 1942.4 503.1 84.3 1274.3 1559.6 1559.6 0.0 1601.2 -41.6 1656.7 -92.8 10.0 -102.8 7.8 0.0 0.0 -64.7 -110.6 45.9 -26.3 19.6 7.3 216.3 133.7 49.8 -8.1 170.9 -134.2 151.8 106.2 -10.8 0.6 7.1 -7.6 18.7 -12.1 0.0 0.0 -6.6 -1.8 -2.0 18.6 122.4 -460.0 -16.7 15.2

2008
560.4 296.1 856.5 0.0 0.0 50.0 50.0 906.5 15.0 15.0 0.0 571.9 683.2 1270.1 789.3 839.3 480.8 234.1 -774.3 1953.6 425.7 98.3 1695.8 2284.3 2284.3 0.0 2162.8 121.5 2243.7 42.4 19.0 23.4 11.4 0.0 0.0 -11.5 12.0 -23.5 110.3 86.8 5.5 160.9 74.4 98.0 1.4 -104.3 127.1 152.8 98.2 44.8 0.8 8.1 48.7 15.6 2.7 0.0 0.0 1.0 0.4 0.2 19.5 134.7 -122.2 46.5 15.3

2009
560.4 338.4 898.8 0.0 0.0 0.0 0.0 898.8 121.0 121.0 0.0 493.7 326.7 941.4 403.3 403.3 538.1 41.2 -282.3 1991.0 360.7 103.4 1302.1 2452.6 2452.6 0.0 2311.0 141.6 2379.7 82.0 19.3 62.7 14.8 7.0 0.0 -7.7 40.9 -48.6 144.3 95.7 0.0 233.4 152.4 44.9 4.8 -531.2 150.8 160.4 97.0 23.5 0.8 46.8 23.6 13.5 7.0 684.3 0.8 2.6 1.1 0.9 24.3 188.4 175.0 7.4 16.0

253

Rupali Polyester Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

340.7 1542.9 1883.6 0.0 0.0 0.0 0.0 1883.6 767.7 767.7 0.0 251.5 756.5 1775.7 363.7 363.7 1412.0 0.0 404.0 1880.3 471.5 49.6 2247.2 3794.1 3745.4 48.7 3452.3 341.8 3561.4 307.9 3.2 304.7 111.9 136.3 0.0 -43.2 56.5 -99.7 106.1 6.4 0.0 488.2 280.2 19.3 13.6 1657.8 552.9 93.9 1.0 0.1 36.7 0.4 16.2 141.5 7.2 8.0 8.9 5.7 9.6 168.8 134.2 24.2 55.3

2005
340.7 1808.8 2149.5 0.0 0.0 0.0 0.0 2149.5 620.7 560.6 60.1 167.1 899.0 1686.8 204.0 204.0 1482.8 0.0 416.7 1872.1 666.8 45.2 2353.6 4138.1 4121.4 16.7 3867.2 270.9 3980.2 260.6 1.8 258.8 97.1 136.3 0.0 265.9 25.4 240.5 70.6 311.1 0.0 826.9 386.2 9.5 11.0 9.6 22.7 630.9 96.2 0.7 0.0 37.5 0.2 12.0 118.6 6.3 6.3 7.6 4.7 9.6 175.8 -14.6 9.1 63.1

2006
340.7 1866.2 2206.9 0.0 0.0 0.0 0.0 2206.9 481.3 403.9 77.4 204.1 978.2 1663.6 197.3 197.3 1466.3 0.0 284.0 2245.9 740.7 61.7 2404.3 3538.0 3538.0 0.0 3365.2 172.8 3456.6 170.2 1.1 169.1 12.7 102.2 0.0 57.4 54.2 3.2 115.9 119.1 0.0 843.2 347.4 8.9 7.0 94.4 97.3 647.8 97.7 0.6 0.0 0.0 7.5 0.3 7.7 153.0 4.6 4.8 5.0 4.6 9.3 147.2 -34.2 -14.5 64.8

2007
340.7 1708.3 2049.0 0.0 0.0 0.0 0.0 2049.0 546.0 458.1 87.9 462.5 774.4 1782.9 677.8 677.8 1105.1 0.0 -131.8 2422.5 944.0 71.2 2726.9 4130.7 4104.6 26.1 3925.6 205.1 4037.8 167.8 2.7 165.1 19.9 85.2 0.0 -157.9 60.0 -217.9 131.2 -86.7 0.0 263.0 148.8 33.1 6.1 -38.0 -151.3 601.4 97.8 1.6 0.1 0.0 12.1 0.4 8.1 170.4 4.2 4.0 4.8 4.3 9.6 151.5 -4.0 16.8 60.1

2008
340.7 1794.2 2134.9 0.0 0.0 279.7 279.7 2414.6 458.4 366.6 91.8 599.1 881.3 1938.8 516.9 796.6 1421.9 279.7 -58.5 2594.3 992.5 85.8 2931.3 4241.0 4241.0 0.0 3982.8 258.2 4097.8 229.8 2.2 227.6 56.4 102.2 0.0 365.6 69.0 296.6 154.8 451.4 11.6 375.1 204.6 37.3 7.8 18.9 34.3 626.6 96.6 1.0 0.1 0.8 24.8 0.1 10.7 167.5 4.8 5.4 6.7 5.0 9.1 144.7 39.6 2.7 62.7

2009
340.7 1888.6 2229.3 0.0 0.0 0.0 0.0 2229.3 619.4 527.3 92.1 523.5 607.6 1750.5 493.3 493.3 1257.2 0.0 126.1 2637.2 972.2 88.1 2722.7 4237.3 4237.3 0.0 3937.5 299.8 4062.3 264.3 3.2 261.1 91.0 136.3 0.0 -185.3 33.8 -219.1 121.9 -97.2 0.0 354.9 231.7 22.1 9.6 -18.2 -125.4 654.3 95.9 1.2 0.1 0.0 34.9 0.1 11.7 124.8 6.1 6.2 7.7 5.0 8.9 155.6 14.9 -0.1 65.4

254

S.G. Fibres Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

150.0 279.9 429.9 0.0 0.0 219.5 219.5 649.4 6.5 6.5 0.0 372.3 264.9 643.7 871.8 1091.3 -228.1 401.6 -865.3 1748.0 877.5 84.9 1521.2 1265.6 1144.2 121.4 1095.4 170.2 1229.1 49.7 32.8 16.9 4.9 0.0 0.0 153.8 12.0 141.8 96.9 238.7 33.8 73.8 43.5 253.8 1.1 7.8 40.6 286.6 97.1 66.0 2.6 8.2 29.0 10.5 3.9 0.0 1.3 1.1 0.8 9.4 83.2 -125.6 6.9 28.7

2005
150.0 323.4 473.4 0.0 0.0 80.6 80.6 554.0 0.2 0.2 0.0 276.7 363.1 640.0 989.1 1069.7 -349.1 351.5 -988.9 1819.0 903.2 46.3 1543.2 1322.6 1165.6 157.0 1193.6 129.0 1249.0 87.9 38.5 49.4 5.1 0.0 0.0 -95.4 44.3 -139.7 90.6 -49.1 14.5 64.7 28.0 226.0 3.2 315.6 94.4 43.8 2.9 11.0 10.3 8.5 10.4 0.0 3.7 3.3 3.0 5.3 85.7 200.0 4.5 31.6

2006
150.0 321.9 471.9 0.0 0.0 83.9 83.9 555.8 1.6 1.6 0.0 397.7 329.6 728.9 1040.9 1124.8 -312.0 317.5 -1039.3 1820.6 867.8 46.5 1596.7 1005.3 811.4 193.9 843.0 162.3 912.2 102.1 44.3 57.8 5.0 0.0 0.0 1.8 52.8 -51.0 99.3 48.3 15.1 70.0 38.4 238.4 3.6 2933.3 205.6 314.6 90.7 43.4 4.4 14.0 8.7 9.8 12.2 0.0 0.0 5.7 3.9 3.5 5.1 63.0 18.2 -24.0 31.5

2007
150.0 -21.5 128.5 0.0 0.0 302.3 302.3 430.8 3.0 3.0 0.0 328.8 25.2 357.0 751.2 1053.5 -394.2 302.3 -748.2 1822.9 825.0 45.1 1182.0 384.3 351.8 32.5 649.3 -265.0 688.2 -301.6 35.6 -337.2 1.2 0.0 0.0 -125.0 -338.4 213.4 -293.3 -79.9 70.2 47.5 44.2 819.8 -28.5 270.7 367.1 85.7 179.1 -11.8 9.3 11.8 -0.4 0.5 -262.4 0.0 0.0 -87.7 -22.5 -22.6 5.2 32.5 -676.9 -61.8 8.6

2008
150.0 -407.3 -257.3 0.0 0.0 353.0 353.0 95.7 1.0 1.0 0.0 297.1 23.4 321.5 1008.6 1361.6 -687.1 353.0 -1007.6 1822.9 782.8 42.2 1104.3 0.0 0.0 0.0 37.4 -37.4 49.0 -46.2 2.1 -48.3 0.0 0.0 0.0 -335.1 -48.3 -286.8 -6.1 -292.9 368.9 31.9 29.6 0.0 -4.4 14.4 2.1 -171.5 0.0 -4.5 0.0 0.6 0.0 0.0 0.0 0.0 0.0 0.0 -3.2 -3.2 5.1 0.0 -85.8 -100.0 -17.2

2009
150.0 -74.6 75.4 0.0 0.0 302.3 302.3 377.7 1.7 1.7 0.0 93.5 6.8 102.0 467.2 769.5 -365.2 302.3 -465.5 1820.3 743.0 39.5 845.0 0.0 0.0 0.0 33.5 -33.5 44.5 -44.3 0.0 -44.3 0.0 0.0 0.0 282.0 -44.3 326.3 -4.8 321.5 80.0 21.8 20.4 1020.6 -5.2 -15.7 -1.5 50.3 0.0 0.0 0.0 0.0 0.0 0.0 -58.8 0.0 0.0 0.0 -3.0 -3.0 5.0 0.0 -6.3 5.0

255

The National Silk & Rayon Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

11.1 56.7 67.8 0.0 0.0 0.0 0.0 67.8 3.3 3.3 0.0 29.3 15.6 48.2 102.8 102.8 -54.6 24.4 -99.5 186.8 122.5 6.8 170.7 235.9 234.7 1.2 5.6 230.3 23.0 213.7 1.9 211.8 214.9 1.3 0.0 3.3 -4.4 7.7 2.4 10.1 0.0 46.9 31.7 151.6 124.1 -133.3 23.8 610.8 9.7 0.9 0.8 7.8 101.5 9.2 312.4 -238.5 1.9 89.8 190.8 -2.8 6.8 138.2 4047.8 8.8 61.1

2005
11.1 64.9 76.0 0.0 0.0 5.3 5.3 81.3 2.9 2.9 0.0 43.8 20.4 67.1 113.1 118.4 -46.0 38.3 -110.2 200.6 127.3 9.1 194.4 270.3 266.3 4.0 242.5 27.8 261.0 9.9 3.7 6.2 1.2 1.3 0.0 13.5 3.7 9.8 12.8 22.6 6.5 59.3 41.3 155.8 3.2 27.4 56.6 684.7 96.6 37.4 1.4 9.7 19.4 10.9 8.2 384.6 1.7 2.3 5.6 4.5 7.4 139.0 -97.1 14.6 68.5

2006
11.1 63.2 74.3 0.0 0.0 6.4 6.4 80.7 1.1 1.1 0.0 48.4 22.5 72.0 129.7 136.1 -57.7 40.8 -128.6 220.4 138.5 9.3 210.5 278.3 261.8 16.5 251.8 26.5 272.9 6.0 5.3 0.7 1.5 1.1 0.0 -0.6 -1.9 1.3 7.4 8.7 7.9 55.5 38.2 183.2 0.3 316.7 85.1 669.4 98.1 88.3 1.9 13.0 214.3 13.3 0.9 -72.7 1.5 0.3 0.6 -0.7 7.3 132.2 -89.3 3.0 66.9

2007
11.1 54.1 65.2 0.0 0.0 11.8 11.8 77.0 1.7 1.7 0.0 41.7 17.8 61.2 133.7 145.5 -72.5 31.3 -132.0 240.8 149.5 11.9 210.7 303.0 0.0 303.0 279.5 23.5 296.6 8.3 7.7 0.6 1.5 0.0 0.0 -3.7 -0.9 -2.8 11.0 8.2 15.3 45.8 32.5 223.2 0.3 24.3 134.1 587.4 97.9 92.8 2.5 24.6 250.0 8.0 0.9 0.0 0.0 0.2 0.5 -0.8 8.6 143.8 -16.7 8.9 58.7

2008
11.1 62.4 73.5 0.0 0.0 11.2 11.2 84.7 9.3 9.3 0.0 62.6 29.4 101.3 188.3 199.5 -87.0 38.3 -179.0 268.8 171.7 11.2 273.0 321.1 0.0 321.1 300.6 20.5 315.8 9.2 6.1 3.1 1.6 0.0 0.0 7.7 1.5 6.2 12.7 18.9 13.2 53.8 38.2 271.4 1.1 19.5 67.2 662.2 98.3 66.3 1.9 15.9 51.6 8.5 4.2 0.0 0.0 1.0 2.8 1.4 7.5 117.6 460.0 6.0 66.2

2009
11.1 58.8 69.9 0.0 0.0 3.6 3.6 73.5 1.9 1.9 0.0 48.1 23.8 73.8 157.4 161.0 -83.6 8.2 -155.5 253.7 157.2 13.5 231.0 390.8 0.0 390.8 372.0 18.8 393.3 3.1 3.8 -0.7 0.2 0.0 0.0 -11.2 -0.9 -10.3 12.6 2.3 4.9 46.9 31.8 230.3 -0.3 8.0 547.8 629.7 100.6 122.6 1.0 46.3 -28.6 6.0 -1.0 0.0 0.0 -0.2 -0.6 -0.8 7.9 169.2 -121.4 21.7 63.0

256

Tri-Star Polyester Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

214.7 -166.0 48.7 0.0 169.6 35.0 204.6 253.3 36.1 1.6 34.5 94.1 0.0 130.2 317.3 521.9 -187.1 204.6 -281.2 615.0 440.2 4.8 570.4 17.7 17.7 0.0 47.7 -30.0 88.4 -70.5 0.0 -70.5 0.0 0.0 0.0 0.0 -70.5 70.5 -65.7 4.8 80.8 41.0 41.0 1071.7 -12.4 -1368.8 22.7 499.4 0.0 0.0 5.6 -144.8 0.0 -398.3 -3.3 -3.3 1.1 3.1 0.0 0.0 2.3

2005
214.7 -166.0 48.7 0.0 169.6 35.0 204.6 253.3 36.1 1.6 34.5 94.1 0.0 130.2 317.3 521.9 -187.1 204.6 -281.2 615.0 440.2 4.8 570.4 17.7 17.7 0.0 47.7 -30.0 88.4 -70.5 0.0 -70.5 0.0 0.0 0.0 0.0 -70.5 70.5 -65.7 4.8 80.8 41.0 41.0 1071.7 -12.4 -1368.8 22.7 499.4 0.0 0.0 5.6 -144.8 0.0 -398.3 -3.3 -3.3 1.1 3.1 0.0 0.0 2.3

2006
214.7 75.4 290.1 0.0 0.0 23.6 23.6 313.7 115.7 1.2 114.5 8.2 35.3 159.2 155.1 178.7 4.1 81.7 -39.4 615.0 309.6 11.2 468.8 1.9 1.9 0.0 12.7 -10.8 13.8 -11.8 0.0 -11.8 0.0 0.0 0.0 60.4 -11.8 72.2 -0.6 71.6 7.5 102.6 79.9 61.6 -2.5 -19.5 -0.8 135.1 726.3 0.0 0.0 0.0 0.0 0.0 -4.1 0.0 0.0 -621.1 -0.5 -0.5 3.5 0.4 -84.8 -89.3 13.5

2007
214.7 92.0 306.7 0.0 0.0 0.0 0.0 306.7 150.4 0.0 150.4 15.1 4.9 170.4 162.7 162.7 7.7 0.0 -12.3 615.0 298.9 10.8 469.3 29.1 29.1 0.0 34.3 -5.2 35.2 -6.0 0.0 -6.0 0.1 0.0 0.0 -7.0 -6.1 -0.9 4.7 3.8 0.0 104.7 101.7 53.0 -1.3 87.1 123.7 142.9 121.0 0.0 0.0 0.0 -1.7 0.3 -2.0 0.0 0.0 -20.6 -0.3 -0.3 3.5 6.2 -40.0 1431.6 14.3

2008
214.7 -37.2 177.5 0.0 0.0 0.0 0.0 177.5 34.5 0.0 34.5 14.0 1.5 50.0 161.1 161.1 -111.1 15.8 -126.6 614.6 288.5 10.3 338.5 3.1 3.1 0.0 13.9 -10.8 14.8 -11.4 0.7 -12.1 0.0 0.0 0.0 -129.2 -12.1 -117.1 -1.8 -118.9 0.0 31.0 30.1 90.8 -3.6 9.4 1.5 82.7 477.4 -6.1 22.6 4.4 0.0 6.5 -6.8 0.0 0.0 -390.3 -0.6 -0.6 3.4 0.9 100.0 -89.3 8.3

2009
214.7 -55.8 158.9 0.0 0.0 0.0 0.0 158.9 34.6 0.1 34.5 14.0 0.4 49.0 168.8 168.8 -119.8 0.0 -134.2 614.6 278.6 9.9 327.6 1.6 1.6 0.0 11.1 -9.5 11.8 -10.1 0.0 -10.1 0.0 0.0 0.0 -18.6 -10.1 -8.5 -0.2 -8.7 0.0 29.0 28.8 106.2 -3.1 54.3 2.3 74.0 737.5 0.0 0.0 0.0 0.0 0.0 -6.4 0.0 0.0 -631.3 -0.5 -0.5 3.4 0.5 -16.7 -48.4 7.4

257

Al-Abid Silk Mills Ltd.

A-39, S.I.T.E. Manghopir Road, Karachi.

Management
Mr. Naseem A.Sattar(Chairman & C.E.) Mrs. Zarina Naseem(Director) Mrs. Sadaf Nadeem(Director) Mrs. Asra Amir(Director) Mrs.Reena Azim(Director) Mst. Adia Naseem(Director) Syed Raza Abbas Jaffari (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 7.5 Arif Habib Bank Ltd. Allied Bank Limited

Banker

Auditor
M/s. Muniff Ziauddin & Co.

The Royal Bank of Scotland Ltd. Standard Chartered Bank ( Pakistan) Ltd. United Bank Ltd. Meezan Bank Ltd. Habib Metropolitan Bank Ltd. 28th October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 20.57 39.67 20.57 30.12 4

Production Desc
Polyster

Units

Capacity
-

Actual Production
-

Bannu Woollen Mills Ltd.

Habibabad, Kohat, Khyber Pukhtoonkhua

Management
Mr. Raza Kuli Khan Khattak(Chairman) Mr. Muhammad Azhar Khan(Chief Executive) Dr. Shaheen Kuli Khan(Director) Mr. Ahmad Kuli Khan Khattak(Director) Lt. Gen. (Retd.) Ali Kuli Khan Khattak(Director) Mr. Manzoor Ahmed Shaikh (NIT)(Director) Mrs. Zeb Gohar Ayub(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009

Banker
National Bank Of Pakistan

Auditor
M/s. Hameed Chaudhri & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 13.57 54.60 10.90 30.34

Production Desc
Yarn Cloth

Units
Kgs Meters

Capacity
1,610,280 1,634,798

Actual Production
1,281,733 1,521,667

258

Dewan Salman Fibre Ltd.

Dewan Centre, 58-Main Margalla Road, F-7/2, Islamabad.

Management

Banker

Auditor
M/s. Faruq Ali & Co.

Dewan Mohammad Yousuf Farooqui(Chief Exec Standard Chartered Bank Ltd. Dewan Asim Mushfiq Farooqui(Managing Directo The Hongkong & Shanghai Banking Corp. Ltd. Dewan Abdul Baqi Farooqui(Director) Dewan Abdullah Ahmed(Director) Mr. Haroon Iqbql(Director) Mr. Mansur-ul-Haque(Director) Mr. Aziz-ul-Haque(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Royal Bank of Scottland Atlas Bank Ltd. Albaraka Islamic Investment Bank Ltd. KASB Bank Ltd. Askari Commercial Bank Ltd. 02nd December , 2009 30th June , 2009 Face Value

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 1.49 4.91 .90 2.13

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
yarn

Units
Tons

Capacity
266,660

Actual Production
25,808

Gatron (Industries) Ltd.

Room No. 32, 1st Floor, Ahmed Complex, Jinnah Road, Quetta.

Management
Haji Haroon Bilwani(Chairman) Peer Mohammad Dewan(Chief Executive) Mr. Usman Bilwani(Director) Mr. Zakaria Bilwani(Director) Mr. Iqbal Bilwani(Director) Mr. Shabbir Dewan(Director) Mr. Mohammad Arif Bilwani(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 15

Banker
Standard Chartered Bank (Pakistan) Ltd. HSBC Bank Middle East Ltd. NIB Bank Ltd. The Royal Bank of Scotland Ltd. National Bank Of Pakistan Citibank N.A. Faysal Bank Ltd. 20th November , 2009 30th June , 2009 Face Value

Auditor
M/s. Hyder Bhimji & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 60.50 82.00 32.50 42.63 4

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Polyester yarn Polyester P.E.T. Electric Power & Steam

Units
M. Tons Th. Pieces Thousand KWH

Capacity
56,812 566,352 193,945

Actual Production
57,117 535,232 135,992

259

Ibrahim Fibres Ltd.

Ibrahim Centre, 1- Ahmed Block, New Garden Town, Lahore.

Management
Mr. Mohammad Naeem Mukhtar(Chairman) Mrs. Bina Sheikh(Director) Mrs. Ghazala Naeem(Director) Ms. Iqbal Begum(Director) Sheikh Mukhtar Ahmed(Director) Mr. Shahid Amin(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Citibank N.A. Faysal Bank Ltd. Habib Bank Ltd. Mr. Mohammad Waseem Mukhtar(Chief Executi Bank Al-Habib Ltd.

Banker

Auditor
M/s. Avais Hyder Liaquat Nauman

Standard Chartered Bank (Pakistan) Ltd. Bank Al-Falah Ltd. United Bank Ltd. 31st October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 29.81 49.90 16.50 29.84

Production Desc
Yarn Polyster

Units
Tons

Capacity
41,696 208,600

Actual Production
48,343 178,981

Indus Polyester Company Ltd.

B-54, S.I.T.E., Karachi.

Management
Shaikh Mohammad Yousuf(Chairman) Mr. Naeem Akhtar Yousuf(Chief Executive) Ms. Gul Naeem(Director) Mr. Tariq Yousuf(Director) Mrs. Kausar Naeem(Director) Mrs. Nabila Tariq(Director) Mrs. Zuhra Yousuf(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th October , 2009 30th June , 2009 MCB Bank Ltd

Banker
Allied Bank of Pakistan Ltd.

Auditor
M/s. Gardezi & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 .74 1.59 .50 .85

Production Desc
Polyester yarn

Units
Tons

Capacity
2,100

Actual Production
-

260

Kashmir Polytex Ltd.

Plot No. A/8-11, Industrial Estate, Mirpur, Azad Kashmir.

Management
Mr. Mohammad Ashraf Khan(Chief Executive) Dr. Mrs. Yasmin Ashraf(Director) Mrs. Hareem Ara Hashmi(Director) Mr. Khawaja Zafar Iqbal(Director) Mr. Mushtaq Ahmad(Director) Mr.Shehzad Akram(Director) Mr. Muhammad Younus Khan(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th June , 2009 Bank Al-Habib Ltd.

Banker
National Bank Of Pakistan PICIC Commercial Bank Ltd.

Auditor
M/s Khalid Majid Rahman Sarfaraz Rahim Iqbal R

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.00 1.99 .10 .70

Production Desc
PP products

Units
Rs. in thousands

Capacity
2,800

Actual Production

Liberty Mills Ltd.

A-51/A, S.I.T.E., Karachi.

Management
Mr. Salim N. Mukaty(Chairman) Mr. Ashraf Salim Mukaty(Chief Executive) Mr. Luqman F Poonawala(Director) Mr. Noor Muhammad Yusuf Mukaty(Director) Mr. Mohammad Imran Shekhani(Director) Mr. Madni Gul Muhammad(Director) Mr. Yousuf N. Mukaty(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 50 Bank Al-Habib Ltd.

Banker
Standard Chartered Bank ( Pakistan) Ltd. Habib Metropolitan Bank Ltd. Habib Bank Ltd. Soneri Bank Ltd. Meezan Bank Ltd. Allied Bank Ltd. 17th October , 2009 30th June , 2009 Face Value

Auditor
M/s. Hyder Bhimji & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 51.86 65.00 50.11 57.49 58

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Dyeing, Printing & Finishing

Units
Meters

Capacity
66,000,000

Actual Production
60,718,057

261

Moonlite (Pak) Ltd.

301, Anum Blessing, Near Duty Free Shop, K.C.H.S., Block 7/8, P.E.C.H.S. Karachi.

Management
Mr. Mohammad Ashraf(Chairman) Mr. Mohammad Sohail(Chief Executive) Mrs. Parsa Sohail(Director) Mr. Shahid Umer(Director) Mrs. Nasreen Ashraf(Director) Mr. Abdullah Ghulam Ali (NIT)(Director) Mr. Abdul Aziz(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 5 26th October , 2009 30th June , 2009 Bank Al-Habib Ltd. Meezan Bank Ltd.

Banker
Askari Commercial Bank Ltd.

Auditor
M/s. Rahman Sarfaraz Rahim Iqbal Rafiq

Muslim Commercial Bank Ltd. Soneri Bank Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 10.25 29.93 10.00 16.58 3

Production Desc
Wool spinning

Units
Kgs

Capacity
1,700,000

Actual Production
451,333

Noor Silk Mills Ltd.

D/47, S.I.T.E., Mangopir Road, Karachi.

Management
Mr. M. Amin H. Noor Mohammed(Chairman & C. Habib Bank Ltd. Mr. Younus A. Aziz(Director) Mrs. Farida Ashraf(Director) Mrs. Jamila Ilyas(Director) Mr. Mohammad Hussain(Director) Mr. Abdul Rauf Mohammed(Director) Mr. Ashraf H. Mohammed(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009

Banker
Natioanl Bank of Paksitan

Auditor
M/s Muniff Ziauddin & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 40.00 40.14 28.73 34.68

Production Desc
Polyster yarn and silk cloths

Units

Capacity

Actual Production

262

Pakistan Synthetics Ltd.

3rd Floor, Karachi Dock Labour Board, 58-West Wharf Road, Karachi.

Management
Mr. Ebrahim Haji Karim(Chairman) Mr. Umer Haji Karim(Chief Executive) Mr. Yakoob Haji Karim(Director) Mr. Rafique Ebrahim(Director) Mr. Sajid Haroon(Director) Mr. Ahmed Ebrahim(Director) Mr. Anwar Haji Karim(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 12.5 28th October , 2009 30th June , 2009 Meezan Bank Ltd.

Banker
National Bank Of Pakistan Bank Al Habib Ltd. Habib Bank Ltd. Habib Metropolitan Bank Ltd.

Auditor
KPMG Taseer Hadi & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 6.08 7.00 2.10 3.25 38

Production Desc
Poleyester

Units
M. Tons

Capacity
28,000

Actual Production
20,544

Rupali Polyester Ltd.

Rupali House, 241-242, Upper Mall Scheme, Anand Road, Lahore

Management
Mr. Jafferali M. Feerasta(Chairman) Mr. Nooruddin Feerasta(Chief Executive) Mr. Muhammad Ali H. Sayani(Director) Mr. Abdul Hayee(Director) Mr. Muhammad Rashid Zahir(Director) Syed Ali Zafar(Director) Mr. Amin A. Feerasta(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 40 Citibank N.A. NIB Bank Ltd. Habib Bank Ltd. Soneri Bank Ltd. Bank Al-Habib Ltd. Meezan Bank Ltd. MCB Bank Ltd. 31st October , 2009 30th June , 2009

Banker

Auditor
M/s. Qavi & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 29.45 37.05 25.73 31.39 157

Production Desc
Yarn Fiber

Units
M. Tons M. Tons

Capacity
10,100 12,000

Actual Production
10,478 23,840

263

S.G. Fibres Ltd.

B-40, S.I.T.E., Karachi.

Management
Mr. S.M. Ahmed(Chairman / C.E.O.) Mst. Zubaida Khatoon(Director) Mr. Wajahat A. Baqai (N.B.P.)(Director) Mst. Ghazala Ahmed(Director) Mrs. Tania Asim(Director) Mr. Mohammad Hanif(Director) Mr. Abdul Salam(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th October , 2009 30th June , 2009 Mybank Ltd. Habib Bank Ltd. Soneri Bank Ltd.

Banker

Auditor
M/s Muniff Ziauddin Junaidy & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 52.30

Production Desc
Yarn

Units
M. Tons

Capacity
10,500

Actual Production
-

The National Silk & Rayon Mills Ltd.

4th Floor, 1.E.P.Building, 97-B/D-1, Gulberg-III, Lahore.

Management
Sh. Faisal Tauheed Puri(Chairman/Chief Exec.) The Bank of Punjab Sh. Kashif Tauheed Puri(Director) Mst. Amna Kamran(Director) Mst. Saima Shahid(Director) Mst. Samira Faisal(Director) Mst. Sadia Kamran(Director) Mst. Tahira Kashif(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009

Banker
National Bank Of Pakistan

Auditor
M/s. Amin Mudassar & Company

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 17.00 17.00 17.00 17.00

Production Desc
Cloth Processing Embroidery

Units
Meters Average Meters

Capacity
57,600,000 2,951,600

Actual Production
52,254,641 2,117,480

264

Tri-Star Polyester Ltd.

F/498, S.I.T.E., Karachi.

Management
Mr. Ahmad Ismail(Chief Executive) Mr. Tahir Ahmad(Director) Mrs. Aliya Ahmad(Director) Mr. Tanveer Hasan(Director) Mr. Asad Ahmad(Director) Mr. Muhammad Zameer(Director) Mr. Rashid Ahmad(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Bank Al-Habib Ltd.

Banker

Auditor
M/s. Ghalib & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.35 2.39 .50 1.45

Production Desc
Polyster yarn

Units
M.Tons

Capacity
4,000

Actual Production
-

265

Chemical Sector

Chemical Sector
Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

36404.8 31887.1 68291.9 0.0 499.3 10171.6 10670.9 78962.8

2005
38620.5 35331.5 73952.0 0.0 721.9 10367.4 11089.3 85041.3

2006

2007

2008

2009

39943.9 40704.6 42072.0 50917.7 41442.3 58952.0 66203.5 78994.5 81386.2 99656.6 108275.5 129912.2 0.0 0.0 0.0 250.0 1408.6 13069.4 12879.9 16114.1 7811.8 21087.6 27418.5 72819.4 9220.4 34157.0 40298.4 89183.5 90606.6 133813.6 148573.9 219095.7

43067.2 44947.2 47461.3 73786.2 69193.9 95362.5 17981.7 18196.1 20871.7 18366.9 19418.5 33215.1 25085.5 26751.1 26589.6 55419.3 49775.4 62147.4 20776.4 22122.7 30951.0 36589.8 49152.6 42419.5 15574.4 17755.4 18357.5 19999.7 28447.0 23115.3 79418.0 84825.3 96769.8 130375.7 146793.5 160897.3 64149.9 64131.5 76078.4 77403.7 103838.9 107631.5 74820.8 75220.8 85298.8 111560.7 144137.3 196815.0 15268.1 20693.8 20691.4 52972.0 42954.6 53265.8 23612.4 30450.8 38189.2 54999.5 71166.9 117344.4 -21082.7 -19184.3 -28617.1 -3617.5 -34645.0 -12269.0 116523.5 120260.0 119291.8 148975.3 177716.3 250354.0 63694.7 64347.5 69915.2 80841.7 105619.4 165829.9 5705.7 5671.7 5836.4 6129.8 6776.9 16398.7 143112.7 149172.8 166685.0 211217.4 252412.9 326727.2 165091.0 163942.3 1148.7 125739.3 39351.7 142173.0 29403.5 2622.3 26781.2 5534.0 6678.4 671.8 8941.4 14568.8 -5627.4 20274.5 14647.1 13.5 123.8 99.5 109.6 18.7 162.9 138.4 187.6 86.1 8.9 1.6 11.1 20.7 4.3 39.2 318.1 9.8 16.2 7.4 5.8 8.9 115.4 221.7 19.2 18.8 182186.4 175604.5 6581.9 137259.1 44927.3 154960.0 34486.9 3159.4 31327.5 6391.7 11163.1 539.8 6078.5 13772.7 -7694.2 19444.4 11750.2 13.0 132.3 104.6 101.7 21.0 226.6 165.5 191.5 85.1 9.2 1.7 10.4 20.4 3.7 42.4 223.4 15.1 17.2 8.1 6.5 9.0 122.1 9.5 10.4 19.1 198891.2 194257.2 4634.0 151305.4 47585.8 171677.0 34852.3 4693.2 30159.1 6404.0 12223.7 632.7 5565.3 11531.4 -5966.1 17367.8 11401.7 10.2 127.2 103.1 104.8 18.1 207.2 152.3 203.8 86.3 13.5 2.4 12.3 21.2 4.2 37.1 194.3 15.0 15.2 7.6 5.9 8.9 119.3 -6.2 9.2 20.4 217797.9 216179.4 1618.5 163839.6 53958.3 186565.5 46816.0 5890.9 40925.1 6992.7 12206.5 601.4 43207.0 21725.9 21481.1 27855.7 49336.8 25.5 168.4 142.6 111.9 19.4 50.3 56.5 244.8 85.7 12.6 2.7 10.7 17.1 6.2 41.1 278.0 12.2 18.8 10.1 8.3 8.8 103.1 32.9 9.5 24.5 255485.9 252752.1 2733.8 176669.5 78816.4 203397.2 61990.3 11733.3 50257.0 10589.8 15101.5 205.8 14760.3 24565.7 -9805.4 31342.6 21537.2 27.1 141.4 114.0 133.1 19.9 166.4 145.5 257.4 79.6 18.9 4.6 16.5 21.1 4.0 46.4 262.7 13.9 19.7 11.9 9.4 9.8 101.2 17.8 17.3 25.7 273214.6 269359.9 3854.7 203251.0 69963.6 236092.8 46931.7 8189.4 38742.3 12331.8 19676.0 1196.4 70521.8 6734.5 63787.3 23133.2 86920.5 40.7 149.5 128.0 151.5 11.9 9.5 26.6 255.1 86.4 17.4 3.0 7.0 31.8 5.4 29.8 134.2 15.1 14.2 7.6 5.2 13.3 83.6 -36.1 6.9 25.5

268

Chemicals

Operating, Financial & Investment Ratios

200
150
%

100

50
0

2004

2005 Gearing ratio

2006 Debt equity ratio

2007 Current ratio

2008

2009

Abbott Laboratories (Pakistan) Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

566.6 2281.5 2848.1 0.0 0.0 0.0 0.0 2848.1 1083.2 1083.2 0.0 394.9 917.6 2395.7 520.5 520.5 1875.2 0.0 562.7 2048.8 973.0 148.3 3368.7 4814.9 4706.1 108.8 2829.5 1985.4 3758.3 1083.0 3.1 1079.9 354.4 141.6 94.4 582.1 583.9 -1.8 732.2 730.4 0.0 460.3 284.0 18.3 32.1 100.3 100.2 502.7 78.1 0.3 0.1 32.8 1.8 37.9 512.4 5.0 22.4 19.1 12.8 15.7 142.9 10.4 8.5 50.3

2005
679.9 2797.2 3477.1 0.0 0.0 0.0 0.0 3477.1 1160.8 1160.8 0.0 562.6 1217.9 2941.3 652.0 652.0 2289.3 0.0 508.8 2380.5 1187.7 148.8 4129.0 5346.5 5206.4 140.1 3050.4 2296.1 4026.5 1369.1 2.9 1366.2 426.8 339.9 113.3 629.0 599.5 29.5 748.3 777.8 0.0 451.1 264.3 18.8 33.1 95.3 96.2 511.4 75.3 0.2 0.1 31.2 2.8 39.3 276.4 9.8 25.6 20.1 13.8 15.3 129.5 5.2 11.0 51.1

2006
979.0 3262.9 4241.9 0.0 0.0 0.0 0.0 4241.9 1608.8 1608.8 0.0 733.4 1256.1 3598.3 793.5 793.5 2804.8 0.0 815.3 2761.3 1437.0 159.7 5035.3 6103.8 5939.8 164.0 3625.2 2478.6 4768.9 1443.6 3.7 1439.9 417.5 293.7 195.8 764.8 728.7 36.1 888.4 924.5 0.0 453.5 295.2 18.7 28.6 95.3 96.1 433.3 78.1 0.3 0.1 0.0 29.0 3.4 33.9 348.1 6.9 23.6 14.7 10.4 13.4 121.2 -26.9 14.2 43.3

2007
979.0 2710.3 3689.3 0.0 0.0 0.0 0.0 3689.3 496.1 496.1 0.0 1304.9 1363.5 3164.5 992.1 992.1 2172.4 0.0 -496.0 3001.1 1516.8 185.8 4681.3 6838.6 6665.5 173.1 4104.7 2733.9 5239.8 1772.2 3.2 1769.0 464.6 1762.2 0.0 -552.6 -457.8 -94.8 -272.0 -366.8 0.0 319.0 181.5 26.9 37.8 82.8 74.2 376.8 76.6 0.2 0.0 0.0 26.3 1.9 47.9 74.0 47.8 25.9 18.1 13.3 12.9 146.1 23.1 12.0 37.7

2008
979.0 2589.5 3568.5 0.0 0.0 0.0 0.0 3568.5 1051.5 1051.5 0.0 707.4 1696.2 3455.1 1447.4 1447.4 2007.7 0.0 -395.9 3223.2 1560.8 203.0 5015.9 7377.7 7219.5 158.2 5280.0 2097.7 6935.7 547.5 2.7 544.8 204.1 489.5 0.0 -120.8 -148.8 28.0 54.2 82.2 0.0 238.7 121.5 40.6 10.9 123.2 65.9 364.5 94.0 0.5 0.0 0.0 37.5 1.9 15.3 69.6 13.7 7.4 5.6 3.5 13.4 147.1 -69.1 7.9 36.5

2009
979.0 2259.5 3238.5 0.0 0.0 0.0 0.0 3238.5 770.8 770.8 0.0 856.0 1675.0 3301.8 1726.1 1726.1 1575.7 0.0 -955.3 3490.1 1662.8 206.3 4964.6 8450.1 8450.1 0.0 5987.9 2462.2 7423.4 1168.6 2.5 1166.1 314.7 1174.8 0.0 -330.0 -323.4 -6.6 -117.1 -123.7 0.0 191.3 94.2 53.3 23.5 98.0 94.7 330.8 87.8 0.2 0.0 0.0 27.0 2.8 36.0 72.5 36.3 13.8 11.9 8.7 13.2 170.2 112.5 14.5 33.1

270

BOC Pakistan Ltd,

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

250.4 795.6 1046.0 0.0 0.0 0.0 0.0 1046.0 263.5 263.5 0.0 234.6 90.6 588.7 891.7 891.7 -303.0 198.0 -628.2 2415.8 1349.0 126.4 1937.7 1741.9 1741.9 0.0 1062.0 679.9 1314.7 444.5 14.6 429.9 92.9 150.2 0.0 22.4 186.8 -164.4 313.2 148.8 0.0 66.0 55.9 85.2 22.2 833.9 210.5 417.7 75.5 3.3 0.8 7.4 21.6 5.1 41.1 224.4 14.4 24.7 17.2 13.5 9.9 89.9 6.8 25.7 41.8

2005
250.4 855.8 1106.2 0.0 0.0 30.0 30.0 1136.2 257.2 257.2 0.0 363.8 68.4 689.4 828.6 858.6 -139.2 101.4 -571.4 2447.7 1275.4 138.8 1964.8 1987.4 1987.4 0.0 1252.1 735.3 1522.3 518.2 16.1 502.1 143.2 300.5 0.0 90.2 58.4 31.8 197.2 229.0 2.6 83.2 74.9 77.6 25.6 64.7 86.1 441.8 76.6 3.1 0.8 15.9 28.5 6.0 45.4 119.4 27.2 25.3 20.1 14.3 10.3 101.2 16.9 14.1 44.2

2006
250.4 962.0 1212.4 0.0 0.0 0.0 0.0 1212.4 298.3 298.3 0.0 351.7 142.1 792.1 755.6 755.6 36.5 15.0 -457.3 2474.1 1175.9 187.9 1968.0 2647.0 2647.0 0.0 1698.6 948.4 2112.7 583.7 12.7 571.0 231.3 375.6 0.0 76.2 -35.9 112.1 152.0 264.1 0.0 104.8 86.0 62.3 29.0 -47.1 57.6 484.2 79.8 2.2 0.5 84.7 40.5 6.4 47.1 90.4 31.0 21.6 22.8 13.6 14.7 134.5 13.4 33.2 48.4

2007
250.4 1175.7 1426.1 0.0 0.0 0.0 0.0 1426.1 546.9 546.9 0.0 714.5 156.4 1417.8 852.9 852.9 564.9 0.0 -306.0 1997.9 861.2 139.3 2279.0 2436.1 2436.1 0.0 1502.2 933.9 1826.1 685.9 0.0 685.9 237.6 325.5 0.0 213.7 122.8 90.9 262.1 353.0 0.0 166.2 147.9 59.8 30.1 57.5 74.2 569.5 75.0 0.0 0.0 0.0 34.6 5.3 48.1 137.7 22.8 28.2 27.4 17.9 14.9 106.9 20.2 -8.0 57.0

2008
250.4 1257.0 1507.4 0.0 0.0 0.0 0.0 1507.4 334.5 334.5 0.0 603.2 246.3 1184.0 804.9 804.9 379.1 0.0 -470.4 2405.1 1128.4 148.8 2312.4 2729.6 2729.6 0.0 1894.0 835.6 2237.7 550.4 2.7 547.7 204.5 250.4 0.0 81.3 92.8 -11.5 241.6 230.1 0.0 147.1 116.5 53.4 23.7 114.1 105.0 602.0 82.0 0.5 0.1 0.0 37.3 5.8 36.3 137.1 16.6 20.1 21.9 13.7 17.3 118.0 -20.1 12.0 60.2

2009
250.4 1202.3 1452.7 0.0 0.0 0.0 0.0 1452.7 700.0 500.3 199.7 384.7 166.8 1251.5 863.2 863.2 388.3 0.0 -163.2 2454.7 1064.4 171.6 2315.9 2307.7 2307.7 0.0 1596.8 710.9 2097.1 376.3 2.1 374.2 153.3 225.3 0.0 -54.7 -4.4 -50.3 167.2 116.9 0.0 145.0 125.7 59.4 16.2 8.0 143.0 580.2 90.9 0.6 0.1 0.0 41.0 6.6 25.8 98.0 15.5 16.2 14.9 8.8 15.2 99.6 -32.0 -15.5 58.0

271

Bawany Air Products Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

28.7 25.3 54.0 0.0 0.0 47.0 47.0 101.0 8.1 1.0 7.1 13.3 2.5 23.9 30.4 77.4 -6.5 66.7 -22.3 0.0 107.5 0.0 131.4 69.0 69.0 0.0 57.4 11.6 70.9 -0.4 0.8 -1.2 0.4 0.0 0.0 7.9 -1.6 9.5 -1.6 7.9 46.5 78.6 70.4 143.3 -0.9 -20.3 -20.3 188.2 102.8 1.2 1.2 13.3 -2.2 0.0 -1.7 -0.4 -0.6 0.0 52.5 -166.7 15.6 18.8

2005
28.7 12.1 40.8 0.0 0.0 49.1 49.1 89.9 1.5 1.3 0.2 12.3 1.8 15.6 70.5 119.6 -54.9 90.3 -69.0 0.0 144.8 0.0 160.4 62.8 62.8 0.0 62.1 0.7 75.8 -11.9 1.1 -13.0 0.3 0.0 0.0 -11.1 -13.3 2.2 -13.3 -11.1 54.6 22.1 19.6 293.1 -8.1 142.2 120.7 1.8 1.2 0.0 -31.9 0.0 -20.7 -4.5 -4.6 0.0 39.2 1025.0 -9.0 14.2

2006
48.7 -0.1 48.6 0.0 0.0 45.1 45.1 93.7 0.6 0.6 0.0 14.6 0.9 16.1 94.7 139.8 -78.6 109.9 -94.1 248.6 172.4 3.9 188.5 61.8 61.8 0.0 64.5 -2.7 78.6 -9.7 2.1 -11.8 0.3 0.0 0.0 3.8 -12.1 15.9 -8.2 7.7 48.1 17.0 16.1 287.7 -6.3 -318.4 -106.5 99.8 127.2 -21.6 3.4 1.9 -2.5 12.8 -24.3 0.0 0.0 -19.1 -2.4 -2.5 2.7 32.8 -46.7 -1.6 10.0

2007
48.7 -12.3 36.4 0.0 0.0 69.8 69.8 106.2 0.9 0.9 0.0 11.9 0.9 13.7 91.4 161.2 -77.7 86.0 -90.5 262.4 183.8 3.4 197.5 77.2 77.2 0.0 71.9 5.3 86.8 -8.2 3.6 -11.8 0.4 0.0 0.0 12.5 -12.2 24.7 -8.8 15.9 65.7 15.0 14.0 442.9 -6.0 -97.6 -55.3 74.7 112.4 -43.9 4.7 4.2 -3.4 9.5 -32.4 0.0 0.0 -15.3 -2.4 -2.5 2.0 39.1 0.0 24.9 7.5

2008
68.2 -36.7 31.5 0.0 0.0 41.6 41.6 73.1 1.6 1.6 0.0 15.0 1.1 17.7 131.1 172.7 -113.4 104.6 -129.5 268.2 186.6 3.0 204.3 81.2 81.2 0.0 74.0 7.2 89.7 -7.9 16.2 -24.1 0.3 0.0 0.0 -33.1 -24.4 -8.7 -21.4 -30.1 56.9 13.5 12.7 548.3 -11.8 73.7 71.1 46.2 110.5 -205.1 20.0 15.5 -1.2 10.0 -76.5 0.0 0.0 -29.7 -3.5 -3.6 1.6 39.7 45.8 5.2 4.6

2009
68.2 -44.7 23.5 0.0 0.0 13.1 13.1 36.6 0.7 0.7 0.0 20.2 1.5 22.4 169.7 182.8 -147.3 77.7 -169.0 268.1 184.0 2.7 206.4 99.4 99.4 0.0 75.2 24.2 90.0 9.7 17.9 -8.2 0.0 0.0 0.0 -36.5 -8.2 -28.3 -5.5 -33.8 35.8 13.2 12.3 777.9 -4.0 22.5 16.3 34.5 90.5 184.5 18.0 23.0 0.0 9.6 -34.9 0.0 0.0 -8.2 -1.2 -1.2 1.4 48.2 -65.7 22.4 3.4

272

Berger Paints Pakistan Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

30.8 415.4 446.2 0.0 0.0 0.0 0.0 446.2 95.4 79.9 15.5 253.4 262.2 611.0 465.8 465.8 145.2 141.1 -370.4 363.1 301.0 18.9 912.0 1345.3 1328.9 16.4 1011.3 334.0 1283.6 76.9 10.5 66.4 31.8 20.0 15.4 180.3 14.6 165.7 33.5 199.2 0.0 131.2 74.9 104.4 7.3 8.1 16.8 1448.7 95.4 13.7 0.8 7.4 47.9 14.4 14.9 173.0 4.5 4.9 21.6 11.2 15.9 147.5 46.9 26.9 144.9

2005
46.3 448.0 494.3 0.0 0.0 0.0 0.0 494.3 114.6 96.7 17.9 408.6 430.9 954.1 886.8 886.8 67.3 408.6 -772.2 507.7 426.9 20.7 1381.0 2242.7 2194.1 48.6 1726.5 516.2 2166.0 116.1 20.8 95.3 31.0 33.9 15.4 48.1 30.4 17.7 51.1 68.8 0.0 107.6 59.0 179.4 6.9 63.2 74.3 1067.6 96.6 17.9 0.9 5.1 32.5 15.7 19.3 189.7 6.9 4.2 20.6 13.9 6.9 162.4 -4.6 66.7 106.8

2006
57.8 490.1 547.9 0.0 0.0 0.0 0.0 547.9 162.4 144.5 17.9 577.4 454.4 1194.2 1207.1 1207.1 -12.9 598.6 -1044.7 665.9 560.8 26.5 1755.0 2999.7 2933.6 66.1 2240.1 759.6 2826.6 213.0 56.6 156.4 52.8 40.5 11.6 53.6 63.1 -9.5 89.6 80.1 0.0 98.9 61.3 220.3 8.9 117.7 111.9 947.9 94.2 26.6 1.9 9.5 33.8 16.0 28.5 255.8 7.4 5.2 27.1 17.9 6.2 170.9 31.6 33.8 94.8

2007
69.4 489.4 558.8 0.0 0.0 0.0 0.0 558.8 157.0 143.2 13.8 746.4 570.9 1474.3 1541.3 1541.3 -67.0 783.2 -1384.3 752.4 625.7 29.7 2100.0 3620.5 3536.0 84.5 2839.2 781.3 3447.6 210.7 90.2 120.5 28.5 17.3 0.0 10.9 74.7 -63.8 104.4 40.6 0.0 95.7 58.6 275.8 5.7 685.3 257.1 805.2 95.2 42.8 2.5 11.5 23.7 16.6 21.6 531.8 3.1 3.3 17.4 13.3 5.3 172.4 -35.8 20.7 80.5

2008
81.9 315.8 397.7 0.0 0.0 116.7 116.7 514.4 206.1 192.3 13.8 1170.0 873.3 2249.4 2349.5 2466.2 -100.1 1433.2 -2143.4 698.9 614.4 38.7 2863.8 3988.3 3901.6 86.7 3345.2 643.1 4107.3 -92.8 138.6 -231.4 20.2 0.0 0.0 -44.4 -251.6 207.2 -212.9 -5.7 22.7 95.7 58.6 620.1 -8.1 566.7 3735.1 485.6 103.0 -149.4 3.5 9.7 -8.7 14.3 -58.2 0.0 0.0 -5.8 -28.3 -30.7 6.2 139.3 -262.6 10.2 48.6

2009
81.9 600.6 682.5 0.0 0.0 50.0 50.0 732.5 184.7 170.9 13.8 932.7 1022.0 2139.4 2459.4 2509.4 -320.0 1564.3 -2274.7 1131.5 1052.5 49.3 3191.9 3580.3 3485.8 94.5 2745.8 834.5 3546.0 301.2 253.9 47.3 0.7 0.0 0.0 218.1 46.6 171.5 95.9 267.4 6.8 87.0 45.4 367.7 1.5 21.4 35.9 833.3 99.0 84.3 7.1 16.2 1.5 15.4 6.9 0.0 0.0 1.3 5.8 5.7 8.0 112.2 -120.5 -10.2 83.3

273

Biafo Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

200.0 -32.5 167.5 0.0 0.0 81.6 81.6 249.1 1.2 1.2 0.0 49.5 23.5 74.2 75.7 157.3 -1.5 113.3 -74.5 0.0 282.3 0.0 331.8 219.1 161.2 57.9 163.0 56.1 180.4 165.0 17.2 -124.3 1.2 8.0 0.0 0.0 272.1 -272.1 272.1 0.0 32.8 210.6 210.6 44.3 49.7 83.8 74.4 110.7 82.3 114.7 15.4 98.5 -118.9 -74.2 75.3 0.8 0.7 0.0 66.0 218.1 8.4

2005
200.0 25.0 225.0 0.0 0.0 74.3 74.3 299.3 5.2 5.2 0.0 50.7 21.9 77.8 80.0 154.3 -2.2 91.3 -74.8 307.0 301.6 13.3 379.4 282.6 282.6 0.0 221.6 61.0 240.5 42.1 10.3 31.8 1.4 8.0 0.0 50.2 22.4 27.8 35.7 63.5 24.8 97.3 69.9 68.6 8.4 44.6 56.2 112.5 85.1 24.5 3.6 11.3 4.4 12.8 14.1 380.0 3.6 11.3 1.6 1.5 4.7 74.5 33.3 29.0 11.3

2006
200.0 95.4 295.4 0.0 0.0 19.0 19.0 314.4 7.7 7.7 0.0 64.2 30.9 102.8 69.6 88.6 33.2 33.7 -61.9 310.6 281.2 25.0 384.0 400.1 400.1 0.0 302.3 97.8 324.4 76.0 9.1 66.9 0.0 0.0 0.0 15.1 66.9 -51.8 91.9 40.1 6.0 147.7 103.3 30.0 17.4 443.0 229.2 147.7 81.1 12.0 2.3 27.0 0.0 0.0 22.6 0.0 0.0 16.7 3.3 3.3 8.3 104.2 106.3 41.6 14.8

2007
200.0 168.7 368.7 0.0 0.0 6.3 6.3 375.0 28.7 28.7 0.0 90.3 44.1 163.1 89.7 96.0 73.4 21.3 -61.0 355.5 301.6 25.5 464.7 530.0 530.0 0.0 389.0 141.0 422.0 109.0 3.9 105.1 0.0 50.0 0.0 60.6 55.1 5.5 80.6 86.1 1.7 181.8 132.7 26.0 22.6 90.9 93.6 184.4 79.6 3.6 0.7 18.3 0.0 10.8 28.5 210.2 13.6 19.8 5.3 5.3 9.1 114.1 60.6 32.5 18.4

2008
200.0 194.3 394.3 0.0 0.0 2.8 2.8 397.1 35.9 35.9 0.0 109.2 59.8 204.9 90.2 93.0 114.7 6.3 -54.3 357.4 282.4 21.1 487.3 560.8 560.8 0.0 420.5 140.3 451.8 114.2 8.4 105.8 5.7 20.0 0.0 22.1 80.1 -58.0 101.2 43.2 0.7 227.2 160.9 23.6 21.7 362.4 234.3 197.2 80.6 7.4 1.5 133.3 5.4 11.5 26.8 500.5 5.1 18.9 5.3 5.0 7.0 115.1 0.0 5.8 19.7

2009
200.0 238.8 438.8 0.0 0.0 0.0 0.0 438.8 70.0 70.0 0.0 107.4 70.1 247.5 84.6 84.6 162.9 2.8 -14.6 370.5 275.8 20.0 523.3 582.0 370.7 211.3 396.0 186.0 436.5 152.6 3.7 148.9 35.5 80.0 0.0 41.7 33.4 8.3 53.4 61.7 0.0 292.6 209.7 19.3 28.5 80.1 86.5 219.4 75.0 2.4 0.6 132.1 23.8 10.5 33.9 141.8 18.2 25.6 7.4 5.7 7.1 111.2 39.6 3.8 21.9

274

Buxly Paints Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

14.4 27.8 42.2 0.0 0.0 0.5 0.5 42.7 12.3 10.8 1.5 52.0 15.8 80.1 49.5 50.0 30.6 1.9 -37.2 26.7 12.1 1.9 92.2 186.1 186.1 0.0 142.8 43.3 180.6 6.2 1.8 4.4 0.9 1.8 0.0 -1.4 1.7 -3.1 3.6 0.5 1.2 161.8 129.9 118.5 4.8 720.0 293.1 97.0 29.0 1.0 94.7 20.5 23.1 10.4 194.4 4.3 2.4 3.1 2.4 15.2 201.8 29.2 22.8 29.3

2005
14.4 31.0 45.4 0.0 0.0 0.3 0.3 45.7 9.5 8.0 1.5 90.6 40.2 140.3 107.6 107.9 32.7 15.5 -98.1 28.5 13.0 2.0 153.3 329.5 329.5 0.0 258.5 71.0 325.1 5.7 1.1 4.6 1.4 1.8 0.0 3.0 1.4 1.6 3.4 5.0 0.7 130.4 93.0 237.7 3.0 46.7 68.0 315.3 98.7 19.3 0.3 7.1 30.4 24.9 10.1 177.8 4.0 1.4 3.2 2.2 16.5 214.9 3.2 77.1 31.5

2006
14.4 17.6 32.0 0.0 0.0 0.7 0.7 32.7 20.3 20.3 0.0 45.1 76.4 141.8 130.1 130.8 11.7 12.7 -109.8 27.5 21.1 2.1 162.9 376.2 376.2 0.0 292.8 83.4 389.2 -11.3 1.6 -12.9 1.5 0.0 0.0 -13.0 -14.4 1.4 -12.3 -10.9 2.1 109.0 50.3 408.8 -7.9 110.8 112.8 222.2 103.5 -14.2 0.4 12.6 -11.6 0.1 -40.3 0.0 0.0 -3.4 -9.0 -10.0 16.2 230.9 -381.3 14.2 22.2

2007
14.4 9.8 24.2 0.0 0.0 0.8 0.8 25.0 20.2 20.2 0.0 68.7 27.2 116.1 110.3 111.1 5.8 10.0 -90.1 27.3 19.1 2.7 135.2 137.7 137.7 0.0 104.5 33.2 133.7 6.7 2.6 4.1 0.6 0.0 0.0 -7.7 3.5 -11.2 6.2 -5.0 3.2 105.3 80.6 459.1 3.0 -45.5 -124.0 168.1 97.1 38.8 1.9 26.0 14.6 42.8 16.9 0.0 0.0 3.0 2.8 2.4 12.8 101.8 -131.1 -63.4 16.8

2008
14.4 15.3 29.7 0.0 0.0 0.4 0.4 30.1 14.7 14.7 0.0 61.9 19.2 95.8 82.3 82.7 13.5 30.6 -67.6 27.5 16.5 2.2 112.3 164.1 164.1 0.0 138.2 25.9 160.8 9.5 2.8 6.7 0.0 1.4 0.0 5.1 5.3 -0.2 7.5 7.3 1.3 116.4 93.1 278.5 6.0 103.9 102.7 206.3 98.0 29.5 1.7 9.2 0.0 28.5 22.6 478.6 4.7 4.1 4.7 4.7 11.5 146.1 67.9 19.2 20.6

2009
14.4 0.0 14.4 0.0 0.0 0.2 0.2 14.6 4.7 4.7 0.0 63.5 16.0 84.2 72.4 72.6 11.8 33.2 -67.7 5.5 2.6 1.4 86.8 96.8 96.8 0.0 67.7 29.1 102.4 0.4 7.2 -6.8 0.0 0.0 0.0 -15.5 -6.8 -8.7 -5.4 -14.1 1.4 116.3 94.2 504.2 -7.8 43.9 38.3 100.0 105.8 1800.0 7.4 21.7 0.0 51.0 -47.2 0.0 0.0 -7.0 -4.7 -4.7 8.5 111.5 -200.0 -41.0 10.0

275

Clariant Pakistan Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

156.0 773.5 929.5 0.0 0.0 475.0 475.0 1404.5 103.6 103.6 0.0 1326.8 964.1 2394.5 1537.4 2012.4 857.1 1482.2 -1433.8 1370.2 547.4 83.9 2941.9 5025.9 5025.9 0.0 4129.4 896.5 4489.4 644.2 98.4 545.8 190.2 171.6 0.0 193.3 184.0 9.3 267.9 277.2 33.8 155.7 93.0 216.5 18.6 95.2 96.6 595.8 89.3 15.3 2.0 6.6 34.8 22.8 58.7 207.2 18.5 10.9 35.0 22.8 14.4 170.8 17.8 15.8 59.6

2005
156.0 930.4 1086.4 0.0 0.0 500.0 500.0 1586.4 257.3 257.3 0.0 1419.2 1222.7 2899.2 1840.4 2340.4 1058.8 1208.8 -1583.1 1431.9 527.6 84.1 3426.8 5543.4 5503.9 39.5 4405.6 1137.8 4812.8 761.4 92.2 669.2 240.0 280.7 0.0 181.9 148.5 33.4 232.6 266.0 31.5 157.5 91.1 215.4 19.5 81.6 87.4 696.4 86.8 12.1 1.7 7.6 35.9 21.4 61.6 152.9 25.8 12.1 42.9 27.5 15.4 161.8 22.6 10.3 69.6

2006
218.4 1104.4 1322.8 0.0 0.0 700.0 700.0 2022.8 244.2 244.2 0.0 1581.6 1170.4 2996.2 1574.5 2274.5 1421.7 1463.5 -1330.3 1577.9 601.0 86.8 3597.2 5582.1 5542.7 39.4 4595.5 986.6 4797.0 838.9 186.1 652.8 248.2 272.9 0.0 436.4 131.7 304.7 218.5 523.2 34.6 190.3 116.0 171.9 18.1 30.2 41.8 605.7 85.9 22.2 3.3 12.7 38.0 22.1 49.3 148.3 20.6 11.7 29.9 18.5 16.5 155.2 -30.3 0.7 60.6

2007
218.4 1296.3 1514.7 0.0 0.0 500.0 500.0 2014.7 209.7 209.7 0.0 1888.0 1307.1 3404.8 2241.6 2741.6 1163.2 1595.0 -2031.9 1905.6 851.5 81.9 4256.3 6335.1 6259.2 75.9 5000.1 1335.0 5505.5 866.2 201.5 664.7 195.6 218.4 54.6 -8.1 250.7 -258.8 332.6 73.8 24.8 151.9 93.6 181.0 15.6 -3095.1 450.7 693.5 86.9 23.3 3.2 12.6 29.4 23.0 43.9 214.8 14.4 10.5 30.4 21.5 13.6 148.8 1.7 13.5 69.4

2008
272.9 1651.0 1923.9 0.0 0.0 433.3 433.3 2357.2 259.1 259.1 0.0 1968.8 1509.3 3737.2 2369.1 2802.4 1368.1 1994.1 -2110.0 2139.7 989.3 103.6 4726.5 7723.1 7423.6 299.5 5921.3 1801.8 6533.5 1234.0 494.3 739.7 197.8 272.9 0.0 342.5 269.0 73.5 372.6 446.1 18.4 157.7 94.0 145.7 15.7 78.5 83.5 705.0 84.6 40.1 6.4 24.8 26.7 20.8 38.4 198.6 14.2 9.6 27.1 19.9 12.2 163.4 -10.9 21.9 70.5

2009
272.9 1963.9 2236.8 0.0 0.0 266.7 266.7 2503.5 379.8 379.8 0.0 2268.1 1359.5 4007.4 2470.1 2736.8 1537.3 1410.2 -2090.3 2190.7 966.2 134.8 4973.6 7697.0 7292.9 404.1 5895.8 1801.2 6609.4 1133.9 302.9 831.0 256.0 341.2 0.0 146.3 233.8 -87.5 368.6 281.1 10.7 162.2 107.2 122.4 16.7 159.8 131.1 819.6 85.9 26.7 3.9 21.5 30.8 23.1 37.2 168.5 15.3 10.8 30.5 21.1 13.6 154.8 12.5 -0.3 82.0

276

Colgate-Palmolive (Pakistan) Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

122.3 535.8 658.1 0.0 0.0 114.8 114.8 772.9 249.2 249.2 0.0 168.9 432.8 850.9 636.0 750.8 214.9 191.1 -386.8 825.0 558.2 38.6 1409.1 4195.2 4195.2 0.0 3233.2 962.0 3755.8 450.4 14.1 436.3 117.0 122.3 0.0 190.3 197.0 -6.7 235.6 228.9 14.9 133.8 65.7 114.1 31.0 103.5 102.9 538.1 89.5 3.1 0.3 7.4 26.8 0.0 66.3 261.1 18.6 10.4 35.7 26.1 11.5 297.7 61.5 21.2 53.8

2005
122.3 807.9 930.2 0.0 0.0 53.8 53.8 984.0 216.5 216.5 0.0 133.1 536.7 886.3 524.7 578.5 361.6 124.2 -308.2 1133.1 622.4 62.8 1508.7 4883.3 4883.3 0.0 3824.9 1058.4 4409.9 481.6 14.5 467.1 132.5 122.3 0.0 211.1 212.3 -1.2 275.1 273.9 5.5 168.9 66.6 62.2 31.0 100.6 100.4 760.6 90.3 3.0 0.3 11.7 28.4 1.7 50.2 273.6 13.1 9.6 38.2 27.4 11.3 323.7 7.0 16.4 76.1

2006
122.3 1153.5 1275.8 0.0 0.0 9.2 9.2 1285.0 552.0 390.6 161.4 182.7 614.3 1349.0 803.3 812.5 545.7 63.8 -251.3 1133.4 739.3 77.1 2088.3 6286.4 6286.4 0.0 4671.1 1615.3 5538.4 782.7 13.3 769.4 263.1 195.7 30.6 301.0 310.6 -9.6 387.7 378.1 0.7 167.9 91.5 63.7 36.8 103.2 102.5 1043.2 88.1 1.7 0.2 20.8 34.2 1.7 60.3 258.7 15.3 12.2 62.9 41.4 12.4 301.0 64.7 28.7 104.3

2007
152.9 1536.8 1689.7 0.0 0.0 5.6 5.6 1695.3 420.7 420.7 0.0 569.7 777.9 1768.3 937.8 943.4 830.5 197.1 -517.1 1344.0 864.8 87.1 2633.1 7445.8 7445.8 0.0 5566.1 1879.7 6595.8 911.4 14.8 896.6 283.0 244.6 38.2 410.3 369.0 41.3 456.1 497.4 0.3 188.6 105.6 55.8 34.1 89.9 91.7 1105.1 88.6 1.6 0.2 7.5 31.6 1.9 53.1 250.9 14.5 12.0 58.6 40.1 11.8 282.8 -6.8 18.4 110.5

2008
191.1 1938.8 2129.9 0.0 0.0 3.1 3.1 2133.0 773.1 592.9 180.2 380.9 1006.4 2160.4 993.6 996.7 1166.8 50.5 -220.5 1523.7 966.4 104.7 3126.8 8976.5 8976.5 0.0 6879.7 2096.8 8009.5 1040.9 19.9 1021.0 300.6 191.1 47.8 437.7 529.3 -91.6 634.0 542.4 0.1 217.4 116.1 46.8 32.7 120.9 116.9 1114.5 89.2 1.9 0.2 39.4 29.4 2.0 47.9 377.0 9.0 11.4 53.4 37.7 12.1 287.1 -8.9 20.6 111.5

2009
238.9 2444.5 2683.4 0.0 0.0 0.6 0.6 2684.0 1024.7 1024.7 0.0 577.0 1128.4 2730.1 1239.6 1240.2 1490.5 3.1 -214.9 1837.7 1193.5 132.7 3923.6 11184.9 11184.9 0.0 8482.8 2702.1 10043.3 1194.9 48.9 1146.0 388.3 274.7 35.8 551.0 483.0 68.0 615.7 683.7 0.0 220.2 129.2 46.2 29.2 87.7 90.1 1123.2 89.8 4.1 0.4 1577.4 33.9 3.0 42.7 275.8 10.2 10.2 48.0 31.7 13.8 285.1 -10.1 24.6 112.3

277

Data Agro Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

40.0 -22.6 17.4 0.0 0.0 0.0 0.0 17.4 7.8 7.8 0.0 12.5 1.2 21.5 45.7 45.7 -24.2 0.0 -37.9 115.2 41.7 4.7 63.2 26.7 26.7 0.0 18.7 8.0 23.9 3.3 0.2 3.1 0.1 0.0 0.0 11.2 3.0 8.2 7.7 15.9 0.0 47.0 44.4 262.6 4.9 26.8 48.4 43.5 89.5 6.1 0.7 3.2 0.0 17.8 0.0 11.6 0.8 0.8 10.8 42.2 -500.0 23.6 4.4

2005
40.0 -19.9 20.1 0.0 0.0 0.8 0.8 20.9 4.5 4.5 0.0 16.2 4.5 25.2 43.8 44.6 -18.6 1.0 -39.3 117.7 39.5 4.6 64.7 29.4 29.4 0.0 20.1 9.3 25.3 4.2 0.0 4.2 0.1 0.0 0.0 3.5 4.1 -0.6 8.7 8.1 3.8 57.5 47.3 221.9 6.5 117.1 107.4 50.3 86.1 0.0 0.0 0.0 2.4 12.2 20.9 0.0 14.3 1.1 1.0 11.0 45.4 37.5 10.1 5.0

2006
40.0 9.5 49.5 0.0 0.0 0.6 0.6 50.1 1.3 1.3 0.0 15.6 7.3 24.2 52.6 53.2 -28.4 0.9 -51.3 165.2 78.3 8.7 102.5 29.9 29.9 0.0 25.7 4.2 31.4 -1.4 0.2 -1.6 0.1 0.0 0.0 29.2 -1.7 30.9 7.0 37.9 1.2 46.0 32.1 107.5 -1.6 -5.8 18.5 123.8 105.0 -14.3 0.7 22.2 -6.3 20.1 -3.2 0.0 0.0 -5.4 -0.4 -0.4 22.0 29.2 -136.4 1.7 12.4

2007
40.0 9.8 49.8 0.0 0.0 40.7 40.7 90.5 2.8 2.8 0.0 13.4 16.0 32.2 12.8 53.5 19.4 41.0 -10.0 165.9 71.2 7.9 103.4 29.2 29.2 0.0 22.5 6.7 28.7 0.8 0.2 0.6 0.1 0.0 0.0 40.4 0.5 39.9 8.4 48.3 45.0 251.6 126.6 107.4 0.6 1.2 17.4 124.5 98.3 25.0 0.7 0.5 16.7 22.9 1.2 0.0 0.0 2.1 0.2 0.1 10.1 28.2 -150.0 -2.3 12.5

2008
40.0 11.6 51.6 0.0 0.0 0.0 0.0 51.6 2.0 2.0 0.0 27.7 9.7 39.4 52.0 52.0 -12.6 0.0 -50.0 71.3 64.3 7.0 103.7 58.9 58.9 0.0 51.6 7.3 58.7 0.7 0.2 0.5 0.3 0.0 0.0 -38.9 0.2 -39.1 7.2 -31.9 0.0 75.8 57.1 100.8 0.5 -0.5 -22.6 129.0 99.7 28.6 0.3 0.0 60.0 24.8 1.0 0.0 0.0 0.8 0.1 0.1 9.8 56.8 -50.0 101.7 12.9

2009
40.0 10.4 50.4 0.0 0.0 0.0 0.0 50.4 6.9 6.9 0.0 27.7 12.2 46.8 54.4 54.4 -7.6 0.0 -47.5 63.7 58.1 6.2 104.9 51.5 51.5 0.0 43.7 7.8 51.4 0.5 0.3 0.2 0.0 0.0 0.0 -1.2 0.2 -1.4 6.4 5.0 0.0 86.0 63.6 107.9 0.2 -16.7 128.0 126.0 99.8 60.0 0.6 0.0 0.0 33.8 0.4 0.0 0.0 0.4 0.1 0.1 9.6 49.1 0.0 -12.6 12.6

278

Dawood Hercules Chemicals Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

720.6 9015.4 9736.0 0.0 0.0 0.0 0.0 9736.0 12374.3 1072.6 11301.7 1169.0 68.2 13611.5 4405.8 4405.8 9205.7 3620.6 7968.5 2369.0 530.5 117.0 14142.0 3087.3 3087.3 0.0 2269.5 817.8 2474.4 1414.3 82.8 1331.5 181.0 756.6 0.0 3364.8 393.9 2970.9 510.9 3481.8 0.0 308.9 307.4 45.3 9.4 11.7 14.7 1351.1 80.1 5.9 2.7 2.3 13.6 0.3 13.7 152.1 7.8 43.1 18.5 16.0 25.2 21.8 -20.9 -10.1 135.1

2005
720.6 8691.0 9411.6 0.0 0.0 0.0 0.0 9411.6 10878.4 398.9 10479.5 1054.0 164.4 12096.8 3375.6 3375.6 8721.2 2334.9 7502.8 2373.7 690.3 75.4 12787.1 3712.2 3712.2 0.0 2452.2 1260.0 2711.2 3826.1 258.1 3568.0 314.0 648.5 108.1 -324.4 2605.5 -2929.9 2680.9 -249.0 0.0 358.4 353.5 35.9 27.9 1306.1 73.0 6.7 7.0 11.1 8.8 0.0 37.9 501.8 6.9 96.1 49.5 45.2 14.2 29.0 167.6 20.2 130.6

2006
828.7 8444.5 9273.2 0.0 0.0 0.0 0.0 9273.2 13504.1 56.3 13447.8 1074.0 237.3 14815.4 6889.5 6889.5 7925.9 5924.5 6614.6 3335.3 1347.4 81.4 16162.8 4333.9 4333.9 0.0 3022.4 1311.5 3329.0 3145.1 555.5 2589.6 104.0 0.0 0.0 -138.4 2485.6 -2624.0 2567.0 -57.0 0.0 215.0 211.6 74.3 16.0 -1796.0 -4503.5 1119.0 76.8 17.7 12.8 9.4 4.0 0.1 27.9 0.0 0.0 59.8 31.2 30.0 11.8 26.8 -37.0 16.7 111.9

2007
828.7 18060.7 18889.4 0.0 0.0 6500.0 6500.0 25389.4 25590.3 1097.8 24492.5 1390.9 867.5 27848.7 3833.3 10333.3 24015.4 8781.4 21757.0 3462.7 1374.0 121.3 29222.7 5543.5 5543.5 0.0 3681.0 1862.5 4046.3 11881.9 755.8 11126.1 529.0 248.6 0.0 16116.2 10348.5 5767.7 10469.8 16237.5 25.6 726.5 703.9 54.7 38.1 64.2 64.5 2279.4 73.0 6.4 13.6 8.6 4.8 0.1 58.9 4262.7 1.3 200.7 134.3 127.9 9.0 19.0 330.4 27.9 227.9

2008
1093.8 16288.8 17382.6 0.0 0.0 0.0 0.0 17382.6 22373.0 933.9 21439.1 1771.2 89.6 24233.8 8247.4 8247.4 15986.4 70.1 14125.6 2156.2 1396.3 140.6 25630.1 7665.2 7665.2 0.0 4549.0 3116.2 5122.8 2951.7 901.5 2050.2 693.0 273.5 109.4 -8006.8 1083.7 -9090.5 1224.3 -7866.2 0.0 293.8 292.7 47.4 8.0 -13.5 -15.6 1589.2 66.8 30.5 11.8 1286.0 33.8 0.1 11.8 496.2 1.6 26.7 18.7 12.4 10.2 29.9 -86.1 38.3 158.9

2009
1093.8 18788.9 19882.7 0.0 0.0 6302.5 6302.5 26185.2 25220.7 278.1 24942.6 2962.8 83.3 28266.8 3422.2 9724.7 24844.6 7499.1 21798.5 3709.9 1340.6 149.8 29607.4 11040.4 11040.4 0.0 7080.5 3959.9 11751.4 771.3 984.7 -213.4 858.0 437.5 109.4 8802.6 -1508.9 10311.5 -1359.1 8952.4 24.1 826.0 823.5 48.9 -0.7 -17.1 -15.2 1817.8 106.4 127.7 8.9 13.1 -402.1 0.0 -1.1 -244.9 2.2 -1.9 -2.0 -9.8 11.3 37.3 -110.7 44.0 181.8

279

Descon Chemicals Ltd. (Nimir Resins Ltd.)

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

315.7 -295.5 20.2 0.0 0.0 78.4 78.4 98.6 1.1 1.1 0.0 76.9 30.6 108.6 116.7 195.1 -8.1 130.5 -115.6 230.0 106.5 9.9 215.1 221.8 221.8 0.0 215.6 6.2 285.4 -60.8 8.9 -69.7 1.1 0.0 0.0 47.9 -70.8 118.7 -60.9 57.8 79.5 93.1 66.8 965.8 -32.4 -147.8 -105.4 6.4 128.7 4.0 6.8 28.5 -345.0 0.0 -31.4 -2.2 -2.2 8.3 103.1 175.0 -6.1 0.6

2005
315.7 -295.6 20.1 0.0 0.0 78.1 78.1 98.2 2.2 2.2 0.0 101.1 48.2 151.5 152.5 230.6 -1.0 113.1 -150.3 228.7 99.2 8.6 250.7 386.8 386.8 0.0 367.3 19.5 419.6 -31.1 7.1 -38.2 1.7 0.0 0.0 -0.4 -39.9 39.5 -31.3 8.2 79.5 99.3 67.7 1147.3 -15.2 -381.7 6.4 108.5 1.8 6.3 21.0 -190.0 0.0 -9.9 -1.2 -1.3 8.1 154.3 -45.5 74.4 0.6

2006
315.7 -293.5 22.2 0.0 0.0 78.1 78.1 100.3 1.2 1.2 0.0 111.7 47.0 159.9 151.9 230.0 8.0 155.1 -150.7 229.9 92.4 8.0 252.3 580.1 580.1 0.0 548.3 31.8 597.6 -15.5 19.2 -34.7 2.5 0.0 0.0 2.1 -37.2 39.3 -29.2 10.1 77.9 105.3 74.3 1036.0 -13.8 -1771.4 -289.1 7.0 103.0 -123.9 3.3 12.4 -7.2 16.3 -156.3 0.0 0.0 -6.0 -1.1 -1.2 8.1 229.9 -8.3 50.0 0.7

2007
315.7 -243.2 72.5 0.0 0.0 70.3 70.3 142.8 3.1 3.1 0.0 159.6 106.1 268.8 252.9 323.2 15.9 227.0 -249.8 261.6 126.9 7.4 395.7 752.0 752.0 0.0 699.5 52.5 713.4 38.6 27.4 11.2 3.3 0.0 0.0 42.5 7.9 34.6 15.3 49.9 49.2 106.3 64.3 445.8 2.8 18.6 30.7 23.0 94.9 71.0 3.6 12.1 29.5 18.8 15.4 0.0 0.0 1.5 0.4 0.3 8.0 190.0 -136.4 29.6 2.3

2008
315.7 -135.4 180.3 0.0 0.0 62.5 62.5 242.8 1.5 1.5 0.0 247.3 155.3 404.1 283.8 346.3 120.3 218.7 -282.3 263.7 122.5 7.0 526.6 1221.4 1221.4 0.0 1086.6 134.8 1116.6 119.6 27.8 91.8 5.3 157.8 0.0 100.0 -71.3 171.3 -64.3 107.0 25.7 142.4 87.7 192.1 17.4 -71.3 -60.1 57.1 91.4 23.2 2.3 12.7 5.8 16.7 50.9 54.8 87.5 7.5 2.9 2.7 5.5 231.9 625.0 62.4 5.7

2009
315.7 -177.4 138.3 0.0 0.0 54.7 54.7 193.0 5.8 5.8 0.0 230.8 61.6 298.2 225.4 280.1 72.8 204.5 -219.6 267.8 120.0 6.6 418.2 894.7 894.7 0.0 829.3 65.4 876.0 18.9 37.1 -18.2 0.0 0.0 0.0 -49.8 -18.2 -31.6 -11.6 -43.2 28.3 132.3 105.0 202.5 -4.4 36.5 26.9 43.8 97.9 196.3 4.1 18.1 0.0 20.9 -13.2 0.0 0.0 -2.0 -0.6 -0.6 5.4 213.9 -120.7 -26.7 4.4

280

Descon Oxychem Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

-

2005
-

2006
-

2007
-

2008
695.0 -86.7 608.3 0.0 0.0 955.7 955.7 1564.0 165.1 165.1 0.0 52.6 0.0 217.7 82.5 1038.2 135.2 955.7 82.6 1429.9 1428.8 1.0 1646.5 0.0 0.0 0.0 0.0 0.0 10.2 -10.2 0.0 -10.2 0.0 0.0 0.0 -10.2 -9.2 61.1 263.9 263.9 170.7 -0.6 0.0 0.0 87.5 0.0 0.0 0.0 0.0 0.0 0.0 -1.7 0.0 0.0 0.0 -0.1 -0.1 0.4 0.0 -110.0 8.8

2009
1020.0 -97.5 922.5 0.0 0.0 1469.8 1469.8 2392.3 3.3 3.3 0.0 343.3 56.1 402.7 622.8 2092.6 -220.1 1729.1 -619.5 2667.0 2612.4 53.4 3015.1 191.3 168.5 22.8 199.5 -8.2 244.2 -52.9 96.2 -149.1 0.2 0.0 0.0 828.3 -149.3 977.6 -95.9 881.7 61.4 64.7 55.7 226.8 -4.9 -18.0 -10.9 90.4 127.7 -181.9 50.3 5.6 -0.1 0.6 -16.2 0.0 0.0 -77.9 -1.5 -1.5 3.7 6.3 1400.0 9.0

281

Dynea Pakistan Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

94.4 171.1 265.5 0.0 0.0 10.7 10.7 276.2 5.6 5.6 0.0 222.8 119.9 348.3 254.4 265.1 93.9 168.4 -248.8 390.5 182.3 19.0 530.6 1000.3 1000.3 0.0 951.3 49.0 1006.8 -3.3 8.5 -11.8 4.1 0.0 0.0 57.5 -15.9 73.4 3.1 76.5 3.9 136.9 89.8 99.8 -2.2 -27.7 4.1 281.3 100.6 -257.6 0.8 5.0 -34.7 15.6 -4.4 0.0 0.0 -1.2 -1.3 -1.7 9.5 188.5 0.0 12.8 28.1

2005
94.4 165.4 259.8 0.0 0.0 0.0 0.0 259.8 11.9 11.9 0.0 213.6 137.1 362.6 277.7 277.7 84.9 171.8 -265.8 0.0 174.9 0.0 537.5 1133.4 1133.4 0.0 1024.0 109.4 1116.2 20.9 11.6 9.3 4.9 0.0 0.0 -16.4 4.4 -20.8 4.4 -16.4 0.0 130.6 81.2 106.9 1.7 275.2 98.5 55.5 1.0 6.8 52.7 14.5 3.6 0.0 0.8 1.0 0.5 0.0 210.9 -176.9 13.3 27.5

2006
94.4 198.6 293.0 0.0 0.0 1.9 1.9 294.9 8.9 8.9 0.0 264.8 147.6 421.3 297.5 299.4 123.8 200.2 -288.6 394.3 171.0 17.3 592.3 1305.2 1305.2 0.0 1124.3 180.9 1227.8 78.7 18.4 60.3 5.6 0.0 0.0 35.1 54.7 -19.6 72.0 52.4 0.6 141.6 92.0 102.2 10.2 155.8 137.4 310.4 94.1 23.4 1.4 9.2 9.3 17.6 20.6 0.0 0.0 4.6 6.4 5.8 9.9 220.4 540.0 15.2 31.0

2007
94.4 202.2 296.6 0.0 0.0 1.4 1.4 298.0 9.4 9.4 0.0 224.8 163.8 398.0 246.0 247.4 152.0 157.4 -236.6 400.1 145.9 31.4 543.9 1379.1 1379.1 0.0 1247.0 132.1 1337.5 42.7 15.6 27.1 0.0 0.0 0.0 3.1 27.1 -24.0 58.5 34.5 0.5 161.8 95.2 83.4 5.0 874.2 169.6 314.2 97.0 36.5 1.1 9.9 0.0 15.0 9.1 0.0 0.0 2.0 2.9 2.9 18.4 253.6 -54.7 5.7 31.4

2008
94.4 242.0 336.4 0.0 0.0 4.9 4.9 341.3 17.7 17.7 0.0 269.2 233.1 520.0 311.1 316.0 208.9 167.4 -293.4 405.5 132.3 25.7 652.3 1507.1 1507.1 0.0 1319.1 188.0 1431.6 75.7 11.1 64.6 27.0 0.0 0.0 43.3 37.6 5.7 63.3 69.0 1.4 167.1 92.2 93.9 9.9 86.8 91.7 356.4 95.0 14.7 0.7 6.6 41.8 13.7 19.2 0.0 0.0 4.3 6.8 4.0 17.6 231.0 134.5 9.3 35.6

2009
94.4 298.3 392.7 0.0 0.0 2.8 2.8 395.5 27.9 27.9 0.0 193.0 155.2 376.1 103.9 106.7 272.2 16.9 -76.0 416.8 123.3 23.6 499.4 1297.0 1297.0 0.0 1083.9 213.1 1201.0 97.5 20.3 77.2 27.8 14.2 0.0 54.2 35.2 19.0 58.8 77.8 0.7 362.0 212.6 27.2 15.5 64.9 75.6 416.0 92.6 20.8 1.6 120.1 36.0 12.5 19.7 347.9 3.6 6.0 8.2 5.2 17.8 259.7 20.6 -13.9 41.6

282

Engro Corporation Limited (Engro Cheml Pakistan Ltd.)

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

1529.4 5131.2 6660.6 0.0 0.0 2579.5 2579.5 9240.1 3729.9 1441.1 2288.8 1864.4 484.7 6079.0 3935.3 6514.8 2143.7 4262.6 -205.4 11491.2 7096.3 573.1 13175.3 13067.7 13067.7 0.0 9331.1 3736.6 10623.2 3099.1 287.8 2811.3 751.7 1300.0 0.0 -675.0 759.6 -1434.6 1332.7 -101.9 27.9 154.5 142.2 97.8 21.3 435.5 81.3 9.3 2.2 6.8 26.7 4.0 42.2 158.4 19.5 21.5 18.4 13.5 8.0 99.2 4.0 6.2 43.6

2005
1529.4 5894.9 7424.3 0.0 0.0 2889.8 2889.8 10314.1 3453.3 1142.5 2310.8 1873.7 1923.0 7250.0 3775.9 6665.7 3474.1 3579.5 -322.6 11297.7 6840.1 599.7 14090.1 18756.8 18756.8 0.0 14072.8 4684.0 15742.7 3552.0 291.2 3260.8 948.8 1529.4 0.0 1074.0 782.6 291.4 1382.3 1673.7 28.0 192.0 141.1 89.8 23.1 72.9 82.6 485.4 83.9 8.2 1.6 8.1 29.1 2.9 43.9 151.2 20.6 17.4 21.3 15.1 8.5 133.1 15.8 43.5 48.5

2006
1682.3 7669.7 9352.0 0.0 0.0 1800.0 1800.0 11152.0 5462.8 1805.2 3657.6 3018.9 923.4 9405.1 4810.7 6610.7 4594.4 4189.8 652.1 11720.5 6557.6 614.0 15962.7 19072.2 19072.2 0.0 14835.0 4237.2 16603.9 3807.2 362.6 3444.6 834.4 0.0 0.0 837.9 2610.2 -1772.3 3224.2 1451.9 16.1 195.5 176.3 70.7 21.6 311.5 222.1 555.9 87.1 9.5 1.9 8.7 24.2 3.3 36.8 0.0 0.0 18.1 20.5 15.5 9.0 119.5 -3.8 1.7 55.6

2007
1934.7 13413.3 15348.0 0.0 11422.5 4000.0 15422.5 30770.5 15535.9 1617.5 13918.4 5985.0 2690.2 24211.1 7252.2 22674.7 16958.9 16722.5 8283.7 19924.6 13811.7 626.7 38022.8 36625.8 36625.8 0.0 28643.5 7982.3 32708.8 4670.5 717.7 3952.8 1125.5 1354.3 0.0 19618.5 1473.0 18145.5 2099.7 20245.2 50.1 333.8 296.7 147.7 10.4 7.5 10.4 793.3 89.3 15.4 2.0 4.3 28.5 3.8 25.8 208.8 8.8 10.8 20.4 14.6 9.6 96.3 -0.5 92.0 79.3

2008
2128.2 18802.5 20930.7 0.0 12879.9 15794.9 28674.8 49605.5 12846.7 1687.0 11159.7 5961.4 4680.9 23489.0 7436.3 36111.1 16052.7 30617.8 5410.4 39952.1 33552.9 641.5 57041.9 23317.2 23317.2 0.0 1720.6 21596.6 3958.0 22113.5 1508.9 20604.6 949.6 1276.9 0.0 18835.0 18378.1 456.9 19019.6 19476.5 57.8 315.9 252.9 172.5 36.1 97.6 97.7 983.5 17.0 6.8 6.5 4.9 4.6 1.1 98.4 1539.3 6.1 88.4 96.8 92.4 4.6 40.9 374.5 -36.3 98.3

2009
2979.4 23786.1 26765.5 0.0 14871.4 44306.8 59178.2 85943.7 17394.8 3955.3 13439.5 6251.8 422.6 24069.2 7643.0 66821.2 16426.2 60924.1 9751.8 76760.6 69517.5 686.5 93586.7 30171.5 30171.5 0.0 23240.2 6931.3 25609.5 6535.5 1320.6 5214.9 1135.1 1787.7 297.9 36338.2 2292.1 34046.1 2978.6 37024.7 68.9 314.9 309.4 249.7 5.6 6.3 8.0 898.4 84.9 20.2 4.4 2.2 21.8 8.3 19.5 228.2 6.7 17.3 17.5 13.7 2.0 32.2 -81.9 29.4 89.8

283

Engro Polymer & Chemicals Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

-

2005
-

2006
-

2007
-

2008
-

2009
5203.7 204.7 5408.4 0.0 0.0 11135.2 11135.2 16543.6 278.9 217.5 61.4 1542.6 1605.4 3426.9 6244.1 17379.3 -2817.2 12745.8 -5965.2 21358.8 19360.7 519.8 22787.6 11632.7 10169.3 1463.4 10418.6 1214.1 11340.2 408.9 606.2 -197.3 71.8 0.0 0.0 -269.1 250.7 67.3 54.9 29.2 321.3 -0.9 0.0 0.0 103.9 97.5 148.3 5.2 4.8 -36.4 3.8 -3.6 0.0 0.0 -1.7 -0.4 -0.5 3.2 51.0 -140.0 10.4

284

Fauji Fertilizer Bin Qasim Ltd

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

9341.1 -2194.5 7146.6 0.0 0.0 2517.2 2517.2 9663.8 5437.2 5078.6 358.6 1738.1 252.3 7427.6 12303.1 14820.3 -4875.5 4155.9 -6865.9 19164.6 14539.3 930.1 21966.9 12532.8 12532.8 0.0 9272.0 3260.8 10407.4 2233.1 84.8 2148.3 0.0 0.0 0.0 1772.1 2148.3 -376.2 3078.4 2702.2 26.0 60.4 58.3 207.4 9.8 121.2 113.9 76.5 83.0 3.8 0.7 2.0 0.0 3.4 30.1 0.0 17.1 2.3 2.3 6.1 57.1 475.0 108.4 7.7

2005
9341.1 -1613.6 7727.5 0.0 0.0 2056.6 2056.6 9784.1 7665.9 6931.6 734.3 1329.5 1023.0 10018.4 14797.3 16853.9 -4778.9 4752.9 -7131.4 20120.5 14563.1 939.4 24581.5 15277.2 15277.2 0.0 10714.7 4562.5 12256.6 4174.7 259.8 3914.9 0.0 1868.2 0.0 120.3 2046.7 -1926.4 2986.1 1059.7 21.0 67.7 60.8 218.1 15.9 1701.3 281.8 82.7 80.2 6.2 1.7 5.5 0.0 0.8 50.7 209.6 24.2 25.6 4.2 4.2 6.5 62.1 82.6 21.9 8.3

2006
9341.1 -803.4 8537.7 0.0 0.0 1598.0 1598.0 10135.7

2007
9341.1 -832.2 8508.9 0.0 0.0 1139.1 1139.1 9648.0

2008
9341.1 1145.3 10486.4 0.0 0.0 683.4 683.4 11169.8

2009
9341.1 1318.8 10659.9 0.0 0.0 227.8 227.8 10887.7 16434.9 9648.0 6786.9 2986.3 1227.0 20648.2 25337.5 25565.3 -4689.3 8413.9 -8902.6 25880.0 15576.9 9597.6 36225.1 36724.9 36724.9 0.0 27059.6 9665.3 30454.5 7268.1 1459.8 5808.3 2195.2 3736.4 0.0 -282.1 -123.3 -158.8 9474.3 9315.5 2.1 81.5 76.7 239.8 16.0 43.7 101.7 114.1 82.9 20.1 4.0 17.3 37.8 1.3 54.5 96.7 35.1 15.8 6.2 3.9 60.6 101.4 31.9 34.0 11.4

8646.9 9106.4 10358.3 7235.7 3800.6 7941.5 1411.2 5305.8 2416.8 3303.6 2893.4 14889.5 800.5 587.9 5676.7 12751.0 12587.7 30924.5 17545.6 19398.0 35601.9 19143.6 20537.1 36285.3 -4794.6 -6810.3 -4677.4 6588.0 7472.7 19396.1 -8898.7 -10291.6 -25243.6 21471.7 14930.3 983.9 27681.3 15777.6 15777.6 0.0 11093.4 4684.2 12860.5 4169.3 412.4 3756.9 0.0 2335.3 0.0 351.6 1421.6 -1070.0 2405.5 1335.5 15.8 72.7 68.1 224.2 13.6 404.3 180.1 91.4 81.5 9.9 2.6 6.3 0.0 1.5 44.0 160.9 27.4 23.8 4.0 4.0 6.8 57.0 -4.8 3.3 9.1 23989.4 16458.3 990.1 29046.0 13167.1 13167.1 0.0 8344.6 4822.5 9888.4 4530.4 630.5 3899.9 0.0 934.1 0.0 -487.7 2965.8 -3453.5 3955.9 502.4 11.8 64.9 61.9 241.4 13.4 -608.1 787.4 91.1 75.1 13.9 4.8 8.4 0.0 1.9 45.8 417.5 11.0 29.6 4.2 4.2 6.6 45.3 5.0 -16.5 9.1 24341.9 15847.1 1190.1 46771.6 27410.8 27410.8 0.0 19184.7 8226.1 21733.5 7196.8 2792.0 4404.8 1419.2 2101.7 0.0 1521.8 883.9 637.9 2074.0 2711.9 6.1 86.9 70.9 346.0 9.4 58.1 76.5 112.3 79.3 38.8 10.2 14.4 32.2 1.0 42.0 142.1 20.0 16.1 4.7 3.2 7.2 58.6 11.9 108.2 11.2

285

Fauji Fertilizer Company Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

2949.7 7882.9 10832.6 0.0 0.0 2868.4 2868.4 13701.0 11387.0 1055.8 10331.2 3877.8 219.2 15484.0 10963.6 13832.0 4520.4 5237.6 423.4 22269.8 9180.7 638.5 24664.7 39946.4 39946.4 0.0 28800.1 11146.3 32263.1 8229.9 457.8 7772.1 2184.0 3231.8 384.7 -3220.5 2356.3 -5576.8 2994.8 -2582.0 20.9 141.2 139.2 127.7 31.5 367.2 80.8 5.6 1.1 8.7 28.1 3.5 71.7 172.9 29.8 19.5 26.3 18.9 6.9 162.0 37.0 32.2 36.7

2005
4934.7 6178.8 11113.5 0.0 433.0 548.1 981.1 12094.6 13425.4 1172.1 12253.3 3604.7 560.5 17590.6 14680.7 15661.8 2909.9 5373.4 -1255.3 22879.7 9184.7 605.9 26775.3 43481.9 43481.9 0.0 29799.3 13682.6 34340.0 10763.9 585.8 10178.1 2323.0 4751.3 0.0 -1606.4 3103.8 -4710.2 3709.7 -1000.5 8.1 119.8 116.0 140.9 38.0 225.2 79.0 5.4 1.3 10.9 22.8 1.5 91.6 165.3 42.8 23.4 20.6 15.9 6.6 162.4 -21.7 8.9 22.5

2006
4934.7 6452.6 11387.3 0.0 216.5 977.3 1193.8 12581.1 8032.6 1623.2 6409.4 7267.6 952.9 16253.1 13280.0 14473.8 2973.1 6612.2 -5247.4 23698.7 9608.0 665.7 25861.1 48595.9 48595.9 0.0 34180.2 14415.7 39427.8 10841.7 929.7 9912.0 2354.0 4934.7 0.0 486.5 2623.3 -2136.8 3289.0 1152.2 9.5 122.4 115.2 127.1 38.3 539.2 285.5 230.8 81.1 8.6 1.9 14.1 23.7 2.0 87.0 153.2 43.3 20.4 20.1 15.3 7.2 187.9 -2.4 11.8 23.1

2007
4934.7 6226.1 11160.8 0.0 0.0 2671.3 2671.3 13832.1 10702.8 1350.0 9352.8 5935.9 642.8 17281.5 13839.9 16511.2 3441.6 6834.9 -3137.1 25628.8 10390.5 720.0 27672.0 40688.8 40688.8 0.0 25731.8 14957.0 30532.1 11735.0 1326.9 10408.1 2505.0 4441.3 0.0 1251.0 3461.8 -2210.8 4181.8 1971.0 19.3 124.9 120.2 147.9 37.6 276.7 212.2 226.2 75.0 11.3 3.3 19.4 24.1 4.2 93.3 177.9 39.8 25.6 21.1 16.0 7.5 147.0 5.0 -16.3 22.6

2008
4934.7 5781.3 10716.0 0.0 0.0 5378.2 5378.2 16094.2 12188.2 931.9 11256.3 5172.6 258.1 17618.9 14255.5 19633.7 3363.4 9235.2 -2067.3 28622.2 12730.8 891.5 30349.7 57433.7 57433.7 0.0 36829.4 20604.3 42941.4 17289.5 3487.3 13802.2 4738.2 6785.3 19.7 2262.1 2278.7 -16.6 3170.2 3153.6

2009
6785.3 4728.0 11513.3 0.0 0.0 4578.8 4578.8 16092.1 18345.4 3849.3 14496.1 4499.3 144.1 22988.8 20890.4 25469.2 2098.4 12466.6 -2545.0 32132.0 13993.5 1076.7 36982.3 36163.2 36163.2 0.0 20515.0 15648.2 24962.0 14002.2 944.9 13057.3 3642.1 8922.6 678.5 -2.1 492.6 -494.7 1569.3 1074.6

33.4 28.5 123.6 110.0 121.8 109.4 183.2 221.2 45.5 35.3 100.7 -23457.1 100.5 146.0 217.2 169.7 74.8 69.0 20.2 6.7 6.1 2.6 37.8 7.6 34.3 27.9 0.9 0.7 128.8 113.4 133.6 63.3 24.0 28.0 18.4 8.6 189.2 32.7 41.2 21.7 105.5 77.5 36.1 19.2 13.9 8.5 97.8 -31.4 -37.0 17.0

286

Ferozsons Laboratories Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

55.2 248.6 303.8 0.0 0.0 2.3 2.3 306.1 80.1 41.0 39.1 49.8 84.6 214.5 135.2 137.5 79.3 7.4 -55.1 305.2 227.0 16.6 441.5 546.4 546.4 0.0 237.6 308.8 399.8 150.0 1.4 148.6 44.4 38.6 22.1 46.1 65.6 -19.5 82.2 62.7 0.8 158.7 96.1 45.3 33.7 142.3 131.1 550.4 73.2 0.9 0.3 18.9 29.9 1.2 48.9 269.9 12.7 27.2 26.9 18.9 9.3 123.8 20.1 3.0 55.0

2005
77.3 360.7 438.0 0.0 0.0 11.9 11.9 449.9 142.7 66.5 76.2 63.1 97.1 302.9 118.8 130.7 184.1 23.4 23.9 363.9 265.7 23.8 568.6 806.2 806.2 0.0 418.0 388.2 606.9 219.1 1.9 217.2 64.6 19.3 22.1 143.8 133.3 10.5 157.1 167.6 2.6 255.0 173.2 29.8 38.2 92.7 93.7 566.6 75.3 0.9 0.2 8.1 29.7 0.7 49.6 790.7 4.4 26.9 28.1 19.7 10.5 141.8 4.5 47.5 56.7

2006
100.5 679.1 779.6 0.0 0.0 5.3 5.3 784.9 237.3 12.3 225.0 73.2 145.3 455.8 157.6 162.9 298.2 16.1 79.7 539.5 486.7 45.2 942.5 923.0 923.0 0.0 476.6 446.4 710.5 223.9 2.3 221.6 63.2 40.2 20.1 335.0 118.2 216.8 163.4 380.2 0.7 289.2 197.0 20.9 23.5 35.3 43.0 775.7 77.0 1.0 0.2 14.3 28.5 1.4 28.4 394.0 5.2 24.0 22.0 15.8 17.0 97.9 -21.7 14.5 77.6

2007
120.6 819.0 939.6 0.0 0.0 76.2 76.2 1015.8 378.3 41.7 336.6 166.8 133.8 678.9 202.5 278.7 476.4 97.8 175.8 630.5 539.5 42.1 1218.4 1022.5 1022.5 0.0 515.6 506.9 799.2 262.7 4.1 258.6 56.8 78.4 24.1 230.9 123.4 107.5 165.5 273.0 7.5 335.3 269.2 29.7 21.2 53.4 60.6 779.1 78.2 1.6 0.4 4.2 22.0 3.1 27.5 257.4 8.3 25.3 21.4 16.7 8.7 83.9 -2.7 10.8 77.9

2008
144.7 933.6 1078.3 0.0 0.0 157.5 157.5 1235.8 433.7 35.8 397.9 256.1 180.8 870.6 245.9 403.4 624.7 216.7 187.8 732.7 611.0 33.2 1481.6 1045.2 1045.2 0.0 504.5 540.7 785.7 294.1 1.5 292.6 74.2 43.4 28.9 220.0 175.0 45.0 208.2 253.2 12.7 354.0 280.5 37.4 19.7 79.5 82.2 745.2 75.2 0.5 0.1 0.7 25.4 2.3 27.1 503.2 4.0 28.0 20.2 15.1 6.0 70.5 -5.6 2.2 74.5

2009
173.6 1044.0 1217.6 0.0 0.0 99.8 99.8 1317.4 237.1 22.3 214.8 334.2 273.0 844.3 262.5 362.3 581.8 157.5 -25.4 1066.1 735.6 45.0 1579.9 1085.4 1085.4 0.0 501.2 584.2 871.3 249.4 3.7 245.7 58.7 17.4 34.7 81.6 169.6 -88.0 214.6 126.6 7.6 321.6 217.6 29.8 15.6 207.8 169.5 701.4 80.3 1.5 0.3 2.3 23.9 4.6 20.2 1074.7 1.4 22.6 14.2 10.8 7.4 68.7 -29.7 3.8 70.1

287

Glaxosmithkline (Pakistan) Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

873.8 4866.8 5740.6 0.0 0.0 0.0 0.0 5740.6 3460.8 3054.1 406.7 338.5 1632.3 5431.6 1124.5 1124.5 4307.1 0.0 2336.3 2793.5 1433.6 157.9 6865.2 8993.8 8839.8 154.0 5488.1 3505.7 7033.4 2148.0 28.6 2119.4 629.0 0.0 145.6 1381.0 1490.4 -109.4 1648.3 1538.9 0.0 483.0 337.9 19.6 30.9 107.9 107.1 657.0 78.2 1.3 0.3 29.7 0.4 36.9 0.0 23.6 24.3 17.1 10.8 131.0 14.1 9.6 65.7

2005
1092.3 5850.7 6943.0 0.0 0.0 0.0 0.0 6943.0 4372.0 3984.3 387.7 412.4 1973.0 6757.4 1317.5 1317.5 5439.9 0.0 3054.5 2982.7 1503.1 151.6 8260.5 9554.1 9369.9 184.2 5707.7 3846.4 7196.8 2707.7 13.2 2694.5 875.0 611.7 218.5 1202.4 1207.8 -5.4 1359.4 1354.0 0.0 512.9 363.1 19.0 32.6 100.4 100.4 635.6 75.3 0.5 0.1 32.5 0.7 38.8 297.4 8.8 28.2 24.7 16.7 10.6 115.7 1.6 6.2 63.6

2006
1365.4 6171.5 7536.9 0.0 0.0 0.0 0.0 7536.9 4862.0 4666.5 195.5 612.0 2195.4 7669.4 1906.9 1906.9 5762.5 0.0 2955.1 3374.8 1774.4 152.8 9443.8 10240.1 10025.5 214.6 6373.4 3866.7 8085.3 2651.2 19.3 2631.9 944.4 1092.3 273.1 593.9 595.2 -1.3 748.0 746.7 0.0 402.2 287.1 25.3 27.9 100.2 100.2 552.0 79.0 0.7 0.2 0.0 35.9 0.8 34.9 154.5 14.5 25.7 19.3 12.4 10.2 108.4 -21.9 7.2 55.2

2007
1706.7 6410.9 8117.6 0.0 0.0 0.0 0.0 8117.6 4697.8 4252.7 445.1 952.8 2277.2 7927.8 2046.9 2046.9 5880.9 0.0 2650.9 3659.0 2236.7 172.4 10164.5 10784.8 10528.5 256.3 6832.7 3952.1 8754.2 2670.0 11.6 2658.4 877.9 1280.0 426.7 580.7 500.5 80.2 672.9 753.1 0.0 387.3 276.1 25.2 26.2 86.2 89.4 475.6 81.2 0.4 0.1 0.0 33.0 1.1 32.7 139.1 15.8 24.6 15.6 10.4 9.7 106.1 -19.2 5.3 47.6

2008
1706.7 6648.2 8354.9 0.0 0.0 0.0 0.0 8354.9 3052.3 2724.9 327.4 1664.1 3494.1 8210.5 2270.7 2270.7 5939.8 0.0 781.6 4185.0 2415.3 231.0 10625.8 13687.0 13397.4 289.6 9831.5 3855.5 11889.0 3077.8 76.9 3000.9 990.0 1621.4 0.0 237.3 389.5 -152.2 620.5 468.3 0.0 361.6 207.7 27.2 28.2 164.1 132.5 489.5 86.9 2.5 0.6 0.0 33.0 7.4 35.9 124.0 19.4 21.9 17.6 11.8 10.3 128.8 12.8 26.9 49.0

2009
1706.7 6397.4 8104.1 0.0 0.0 0.0 0.0 8104.1 2552.8 1739.2 813.6 1792.4 4061.8 8407.0 2903.8 2903.8 5503.2 0.0 -351.0 4495.8 2600.8 266.9 11007.8 14719.2 14328.8 390.4 11173.5 3545.7 13574.7 1581.1 14.3 1566.8 670.0 853.4 0.0 -250.8 43.4 -294.2 310.3 16.1 0.0 289.5 149.6 35.8 14.2 -17.3 1927.3 474.8 92.2 0.9 0.1 0.0 42.8 6.8 19.3 105.1 10.5 10.6 9.2 5.3 11.1 133.7 -47.7 7.5 47.5

288

Highnoon Laboratories Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

101.4 312.2 413.6 0.0 0.0 75.9 75.9 489.5 25.6 25.6 0.0 141.7 283.2 450.5 493.1 569.0 -42.6 382.2 -467.5 702.8 532.1 44.7 982.6 1107.8 1071.4 36.4 733.1 374.7 1040.3 77.5 22.1 55.4 22.1 25.4 0.0 138.2 7.9 130.3 52.6 182.9 15.5 91.4 33.9 137.6 5.6 5.7 28.8 407.9 93.9 28.5 2.0 5.8 39.9 2.0 13.4 131.1 6.1 5.0 5.5 3.3 13.7 112.7 -12.7 15.6 40.8

2005
113.6 366.1 479.7 0.0 0.0 31.5 31.5 511.2 33.5 13.5 20.0 209.6 281.7 524.8 524.7 556.2 0.1 362.6 -491.2 712.0 511.1 52.7 1035.9 1384.9 1339.0 45.9 905.8 479.1 1302.9 99.3 35.1 64.2 14.8 0.0 0.0 21.7 49.4 -27.7 102.1 74.4 6.2 100.0 46.3 115.9 6.2 227.6 137.2 422.3 94.1 35.3 2.5 9.7 23.1 0.0 13.4 0.0 4.6 5.7 4.3 10.1 133.7 3.6 25.0 42.2

2006
130.7 353.2 483.9 0.0 0.0 40.9 40.9 524.8 35.6 15.6 20.0 205.8 359.6 601.0 591.5 632.4 9.5 354.5 -555.9 753.4 515.3 52.9 1116.3 1640.5 1549.4 91.1 976.3 664.2 1516.0 141.4 41.5 99.9 45.0 19.6 19.6 13.6 35.3 -21.7 88.2 66.5 7.8 101.6 40.8 130.7 8.9 259.6 132.6 370.2 92.4 29.3 2.5 11.7 45.0 7.7 20.6 280.1 4.1 6.1 7.6 4.2 10.4 147.0 33.3 18.5 37.0

2007
150.3 464.4 614.7 0.0 0.0 86.2 86.2 700.9 31.9 11.9 20.0 226.2 418.4 676.5 594.4 680.6 82.1 370.5 -562.5 860.1 618.7 55.5 1295.2 2072.1 2010.2 61.9 1272.5 799.6 1941.5 144.1 47.1 97.0 54.8 37.6 15.0 176.1 4.6 171.5 60.1 231.6 12.3 113.8 43.4 110.7 7.5 2.6 25.9 409.0 93.7 32.7 2.3 12.7 56.5 9.0 15.8 112.2 6.1 4.7 6.5 2.8 10.8 160.0 -14.5 26.3 40.9

2008
165.3 467.3 632.6 0.0 0.0 96.5 96.5 729.1 17.2 7.2 10.0 259.3 449.9 726.4 680.7 777.2 45.7 486.1 -663.5 957.9 683.3 56.3 1409.7 2354.3 2295.0 59.3 1547.7 806.6 2171.4 198.8 78.6 120.2 15.9 41.3 0.0 28.2 63.0 -34.8 119.3 84.5 13.2 106.7 40.6 122.9 8.5 223.4 141.2 382.7 92.2 39.5 3.3 16.2 13.2 6.0 19.0 252.5 6.5 5.1 7.3 6.3 9.1 167.0 12.3 13.6 38.3

2009
165.3 499.9 665.2 0.0 0.0 70.6 70.6 735.8 35.2 35.2 0.0 232.4 700.5 968.1 953.0 1023.6 15.1 682.1 -917.8 1048.5 720.5 64.8 1688.6 2334.8 2233.8 101.0 1488.6 846.2 2162.8 181.2 79.3 101.9 33.6 41.3 0.0 6.7 27.0 -20.3 91.8 71.5 9.6 101.6 28.1 153.9 6.0 403.0 128.4 402.4 92.6 43.8 3.4 11.6 33.0 1.6 15.3 165.4 6.2 4.4 6.2 4.1 9.5 138.3 -15.1 -0.8 40.2

289

ICI Pakistan Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

1388.0 7223.4 8611.4 0.0 0.0 0.0 0.0 8611.4 1866.7 1864.2 2.5 3556.4 2923.7 8346.8 5249.8 5249.8 3097.0 112.1 -3383.1 14603.8 5514.4 687.8 13861.2 21243.5 21243.5 0.0 18434.6 2808.9 19923.5 4928.8 263.3 4665.5 116.1 347.0 0.0 3548.1 4202.4 -654.3 4890.2 4235.9 0.0 159.0 103.3 61.0 33.7 118.4 115.4 620.4 93.8 5.3 1.2 234.9 2.5 4.0 54.2 1311.1 4.0 22.0 33.6 32.8 12.2 153.3 -830.4 -3.9 62.0

2005
1388.0 8687.1 10075.1 0.0 0.0 0.0 0.0 10075.1 1900.2 1687.7 212.5 4186.3 2511.5 8598.0 4560.7 4560.7 4037.3 0.0 -2660.5 15426.5 6037.9 666.0 14635.9 21054.3 21054.3 0.0 17852.0 3202.3 19469.6 1745.3 133.9 1611.4 0.0 277.6 0.0 1463.7 1333.8 129.9 1999.8 2129.7 0.0 188.5 133.5 45.3 11.0 91.1 93.9 725.9 92.5 7.7 0.6 0.0 3.1 16.0 580.5 2.8 7.7 11.6 11.6 12.7 143.9 -65.5 -0.9 72.6

2006
1388.0 9929.4 11317.4 0.0 0.0 0.0 0.0 11317.4 2003.7 1791.2 212.5 4163.1 2347.8 8514.6 5540.3 5540.3 2974.3 3.6 -3536.6 18545.0 8343.3 688.9 16857.9 21885.3 21885.3 0.0 17934.1 3951.2 19707.9 2300.4 324.0 1976.4 2.4 763.4 0.0 1242.3 1210.6 31.7 1899.5 1931.2 0.0 153.7 111.3 49.0 11.7 97.4 98.4 815.4 90.1 14.1 1.5 9000.0 0.1 3.3 17.5 258.6 6.7 9.0 14.2 14.2 9.5 129.8 22.4 3.9 81.5

2007
1388.0 10982.9 12370.9 0.0 0.0 0.0 0.0 12370.9 4197.6 3615.1 582.5 3750.9 2311.3 10259.8 6395.7 6395.7 3864.1 0.0 -2198.1 19468.9 8506.7 842.4 18766.5 25973.0 25973.0 0.0 21308.9 4664.1 23369.0 2758.3 154.1 2604.2 127.7 832.8 0.0 1053.5 1643.7 -590.2 2486.1 1895.9 0.0 160.4 124.3 51.7 13.9 156.0 131.1 891.3 90.0 5.6 0.6 0.0 4.9 4.0 21.1 297.4 6.7 10.0 18.8 17.8 10.1 138.4 32.4 18.7 89.1

2008
1388.0 12015.2 13403.2 0.0 0.0 0.0 0.0 13403.2 2683.6 1971.1 712.5 3473.7 2952.0 9109.3 5059.8 5059.8 4049.5 0.0 -2376.2 21023.8 9353.8 774.0 18463.1 27798.9 27032.2 766.7 22303.1 5495.8 24980.2 3032.1 219.3 2812.8 102.8 902.2 0.0 1032.3 1807.8 -775.5 2581.8 1806.3 0.0 180.0 121.7 37.8 15.2 175.1 142.9 965.6 89.9 7.2 0.8 0.0 3.7 2.9 21.0 300.4 6.7 10.1 20.3 19.5 9.1 150.6 8.0 7.0 96.6

2009
1388.0 13026.6 14414.6 0.0 0.0 0.0 0.0 14414.6 5180.8 4468.3 712.5 3772.3 3244.5 12197.6 7008.0 7008.0 5189.6 0.0 -1827.2 21704.7 9225.1 863.0 21422.7 28429.9 28429.9 0.0 22754.0 5675.9 25649.8 3240.1 167.5 3072.6 490.8 624.6 0.0 1011.4 1957.2 -945.8 2820.2 1874.4 0.0 174.1 127.8 48.6 14.3 193.5 150.5 1038.5 90.2 5.2 0.6 0.0 16.0 3.2 21.3 413.4 4.3 10.8 22.1 18.6 9.2 132.7 8.9 2.3 103.9

290

Ittehad Chemicals Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

250.0 159.2 409.2 0.0 250.0 329.2 579.2 988.4 344.2 286.7 57.5 413.6 40.4 798.2 588.2 1167.4 210.0 707.4 -244.0 974.1 778.3 18.2 1576.5 1550.3 1547.1 3.2 1385.3 165.0 1464.1 88.9 12.9 76.0 20.0 37.5 0.0 0.0 18.5 -18.5 36.7 18.2 58.6 135.7 128.8 285.3 4.8 201.6 163.7 94.4 14.5 0.8 1.8 26.3 9.6 18.6 149.3 9.2 4.9 3.0 2.2 6.2 98.3 -94.8 0.2 16.4

2005
300.0 231.6 531.6 0.0 166.5 760.3 926.8 1458.4 81.1 80.8 0.3 686.6 95.0 862.7 938.0 1864.8 -75.3 1535.3 -856.9 1870.9 1533.7 76.8 2396.4 2208.1 2208.1 0.0 1875.0 333.1 2059.6 152.7 62.5 90.2 9.7 0.0 50.0 470.0 80.5 389.5 157.3 546.8 63.5 92.0 81.8 350.8 3.8 17.1 28.8 177.2 93.3 40.9 2.8 4.1 10.8 7.8 17.0 0.0 4.1 3.0 2.7 8.8 92.1 0.0 42.4 17.7

2006
300.0 963.6 1263.6 0.0 83.3 1000.4 1083.7 2347.3 259.5 257.7 1.8 620.3 144.6 1024.4 1211.3 2295.0 -186.9 1775.5 -951.8 3022.5 2534.3 151.3 3558.7 2519.2 2519.2 0.0 2053.9 465.3 2221.9 308.7 142.1 166.6 11.0 0.0 60.0 888.9 155.6 733.3 306.9 1040.2 46.2 84.6 72.6 181.6 4.7 17.5 29.5 421.2 88.2 46.0 5.6 8.0 6.6 8.0 13.2 0.0 0.0 6.6 5.6 5.2 10.1 70.8 86.7 14.1 42.1

2007
360.0 1046.3 1406.3 0.0 0.0 802.5 802.5 2208.8 94.6 29.1 65.5 845.4 102.3 1042.3 1323.1 2125.6 -280.8 1637.9 -1228.5 3171.3 2489.6 194.7 3531.9 2958.6 2958.6 0.0 2336.6 622.0 2527.8 442.6 207.8 234.8 12.9 54.0 0.0 -138.5 167.9 -306.4 362.6 56.2 36.3 78.8 71.0 151.1 6.6 -121.2 645.2 390.6 85.4 46.9 7.0 12.7 5.5 15.0 16.7 410.9 3.8 7.9 6.5 6.2 7.7 83.8 16.1 17.4 39.1

2008
360.0 1054.9 1414.9 0.0 0.0 1150.5 1150.5 2565.4 177.0 40.9 136.1 744.7 144.3 1066.0 921.4 2071.9 144.6 1495.9 -744.4 3283.5 2420.9 181.9 3486.9 3171.0 3171.0 0.0 2636.2 534.8 2863.0 309.8 218.1 91.7 14.4 54.0 0.0 356.6 23.3 333.3 205.2 538.5 44.8 115.7 100.0 146.4 2.6 6.5 38.1 393.0 90.3 70.4 6.9 14.6 15.7 9.4 6.5 143.1 3.8 2.9 2.5 2.1 7.6 90.9 -61.5 7.2 39.3

2009
360.0 1276.3 1636.3 250.0 0.0 874.3 1124.3 2760.6 192.5 26.0 166.5 1048.5 105.7 1346.7 1041.8 2166.1 304.9 1280.6 -849.3 3505.3 2455.6 188.1 3802.3 3568.3 3457.7 110.6 2748.0 820.3 3073.1 516.2 239.6 276.6 35.8 54.0 0.0 195.2 186.8 8.4 374.9 383.3 40.7 129.3 119.1 132.4 7.3 95.7 97.8 454.5 86.1 46.4 6.7 18.7 12.9 16.1 16.9 445.9 3.3 7.8 7.7 6.7 7.8 93.8 208.0 12.5 45.5

291

Leiner Pak Gelatine Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

75.0 64.0 139.0 0.0 0.0 14.2 14.2 153.2 2.1 2.1 0.0 74.1 80.1 156.3 110.7 124.9 45.6 74.0 -108.6 0.0 107.7 0.0 264.0 216.4 49.7 166.7 175.6 40.8 205.8 12.8 4.8 8.0 2.3 7.2 0.0 11.5 -1.5 13.0 -1.5 11.5 9.3 141.2 68.8 89.9 3.0 -13.0 -13.0 185.3 95.1 37.5 2.2 6.5 28.8 15.2 5.8 79.2 5.2 3.7 1.1 0.8 0.0 82.0 -21.4 10.0 18.5

2005
75.0 65.1 140.1 0.0 0.0 8.3 8.3 148.4 2.1 2.1 0.0 172.2 0.0 174.3 132.3 140.6 42.0 63.4 -130.2 253.4 106.4 10.8 280.7 229.9 69.1 160.8 176.8 53.1 209.7 20.1 5.2 14.9 4.1 8.5 0.0 -4.8 2.3 -7.1 13.1 6.0 5.6 131.7 131.7 100.4 5.3 218.3 186.8 91.2 25.9 2.3 8.2 27.5 10.3 10.6 127.1 6.1 6.5 2.0 1.4 10.0 81.9 81.8 6.2 18.7

2006
75.0 79.6 154.6 0.0 0.0 2.4 2.4 157.0 1.8 1.8 0.0 47.4 111.9 161.1 108.8 111.2 52.3 61.4 -107.0 262.4 104.7 10.6 265.8 265.8 100.2 165.6 203.5 62.3 240.7 26.8 6.4 20.4 5.4 0.0 0.0 8.6 15.0 -6.4 25.6 19.2 1.5 148.1 45.2 71.9 7.7 174.4 133.3 206.1 90.6 23.9 2.4 10.4 26.5 5.5 13.2 0.0 0.0 7.7 2.7 2.0 10.0 100.0 35.0 15.6 20.6

2007
75.0 64.7 139.7 0.0 0.0 1.7 1.7 141.4 1.2 1.2 0.0 57.5 112.8 171.5 130.0 131.7 41.5 62.9 -128.8 266.3 99.9 9.9 271.4 273.5 118.1 155.4 227.6 45.9 264.6 10.6 5.5 5.1 3.1 0.0 0.0 -15.6 2.0 -17.6 11.9 -5.7 1.2 131.9 45.2 94.3 1.9 -12.8 -208.8 186.3 96.7 51.9 2.0 8.7 60.8 12.2 3.7 0.0 0.0 1.9 0.7 0.3 9.5 100.8 -74.1 2.9 18.6

2008
75.0 129.7 204.7 0.0 0.0 2.4 2.4 207.1 1.1 1.1 0.0 55.6 130.6 187.3 152.8 155.2 34.5 84.7 -151.7 346.1 172.4 9.7 359.7 254.4 126.8 127.6 216.2 38.2 254.4 7.3 7.1 0.2 2.4 0.0 0.0 65.7 -2.2 67.9 7.5 75.4 1.2 122.6 37.1 75.8 0.1 -3.3 9.9 272.9 100.0 97.3 2.8 8.4 1200.0 10.6 0.1 0.0 0.0 0.1 0.0 -0.3 9.7 70.7 -100.0 -7.0 27.3

2009
75.0 150.9 225.9 0.0 0.0 3.7 3.7 229.6 1.2 1.2 0.0 65.6 144.7 211.5 154.2 157.9 57.3 87.8 -153.0 354.8 172.2 9.7 383.7 431.0 257.6 173.4 349.9 81.1 393.2 41.1 11.6 29.5 8.7 9.0 0.0 22.5 11.8 10.7 21.5 32.2 1.6 137.2 43.3 69.9 7.7 52.4 66.8 301.2 91.2 28.2 2.7 13.2 29.5 9.3 13.1 231.1 4.0 6.8 3.9 2.8 5.6 112.3 0.0 69.4 30.1

292

Lotte Pakistan PTA Ltd.(Pakistan PTA Ltd.)

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

15142.1 -9752.3 5389.8 0.0 0.0 0.0 0.0 5389.8 21.6 21.6 0.0 1482.7 4030.6 5534.9 13988.1 13988.1 -8453.2 0.0 -13966.5 24223.8 13843.0 1600.8 19377.9 26953.2 26953.2 0.0 23640.2 3313.0 24734.7 2267.3 865.0 1402.3 110.0 0.0 0.0 280.8 1292.3 -1011.5 2893.1 1881.6 0.0 39.6 10.8 259.5 7.2 460.2 153.8 35.6 91.8 38.2 3.2 7.8 0.6 26.0 0.0 5.2 0.9 0.9 10.6 139.1 -123.7 30.7 3.6

2005
15142.1 -8702.4 6439.7 0.0 0.0 2024.0 2024.0 8463.7

2006
15142.1 -9255.4 5886.7 0.0 0.0 533.8 533.8 6420.5

2007

2008

2009
15142.1 -7605.7 7536.4 0.0 0.0 351.8 351.8 7888.2 5437.9 5437.9 0.0 2929.0 1273.9 9640.8 11088.2 11440.0 -1447.4 471.1 -5650.3 26431.0 9335.5 1205.9 18976.3 37773.5 37770.7 2.8 31898.1 5875.4 33225.8 5026.5 307.3 4719.2 1296.5 757.1 0.0 3334.8 2665.6 669.2 3871.5 4540.7 4.5 86.9 75.5 151.8 24.9 79.9 85.3 49.8 88.0 6.1 0.8 65.2 27.5 4.8 62.6 452.1 10.0 12.5 3.1 2.3 12.1 199.1 -381.8 5.0 5.0

15142.1 15142.1 -9314.5 -10988.9 5827.6 4153.2 0.0 0.0 0.0 0.0 4379.0 400.2 4379.0 400.2 10206.6 4553.4 74.2 16.4 74.2 16.4 0.0 0.0 4150.2 4009.4 2344.6 1244.3 6569.0 5270.1 7108.2 10669.6 11487.2 11069.8 -539.2 -5399.5 5947.3 483.8 -7034.0 -10653.2 25453.6 10745.9 1175.5 17314.9 31535.5 31535.5 0.0 30185.5 1350.0 30471.9 1232.6 1033.3 199.3 206.8 0.0 0.0 3786.1 -7.5 3793.6 1168.0 4961.6 42.9 92.4 59.4 197.1 1.2 -0.2 23.5 38.5 96.6 83.8 3.3 17.4 103.8 8.9 3.4 0.0 0.0 0.6 0.1 0.0 10.0 182.1 -50.0 2.3 3.8 25856.2 9952.8 1193.7 15222.9 35975.2 35975.2 0.0 35106.9 868.3 36780.2 -651.2 1027.5 -1678.7 65.9 0.0 0.0 -5653.2 -1744.6 -3908.6 -550.9 -4459.5 8.8 49.4 37.7 266.5 -11.0 30.9 12.4 27.4 102.2 -157.8 2.9 212.4 -3.9 3.0 -40.4 0.0 0.0 -4.7 -1.1 -1.2 0.0 236.3 -1200.0 14.1 2.7

32.2 57.7 32.2 57.7 0.0 0.0 1990.4 2450.2 2835.6 3703.1 4858.2 6211.0 8962.9 11495.4 10986.9 12029.2 -4104.7 -5284.4 7154.0 6109.8 -8930.7 -11437.7 24571.6 12568.4 1622.4 17426.6 28424.9 23170.9 5254.0 25754.3 2670.6 26271.9 2395.1 979.2 1415.9 410.9 0.0 0.0 3073.9 1005.0 2068.9 2627.4 4696.3 23.9 54.2 22.6 170.6 8.1 32.7 55.9 42.5 92.4 40.9 3.4 13.7 29.0 2.7 22.0 0.0 5.0 0.9 0.7 11.7 163.1 0.0 5.5 4.3 12430.1 11704.8 1372.0 17915.8 30815.4 27577.8 3237.6 28579.0 2236.4 29264.0 1635.6 1270.8 364.8 485.0 0.0 0.0 -2043.2 -120.2 -1923.0 1251.8 -671.2 8.3 54.0 21.8 204.3 2.0 5.9 -186.5 38.9 95.0 77.7 4.1 20.8 132.9 2.6 6.2 0.0 0.0 1.2 0.2 -0.1 10.8 172.0 -77.8 8.4 3.9

293

Nimir Industrial Chemicals Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

707.8 -339.0 368.8 0.0 0.0 539.8 539.8 908.6 48.3 48.3 0.0 283.5 49.0 380.8 507.6 1047.4 -126.8 590.9 -459.3 1238.8 1035.3 48.6 1416.1 406.9 406.9 0.0 452.0 -45.1 619.0 -108.4 60.8 -169.2 2.0 0.0 0.0 78.6 -171.2 249.8 -122.6 127.2 59.4 75.0 65.4 284.0 -11.9 -217.8 -96.4 52.1 152.1 14.9 10.3 16.8 -45.9 0.0 -41.6 -2.4 -2.4 4.5 28.7 20.0 -5.4 5.2

2005
884.7 -338.7 546.0 0.0 0.0 553.8 553.8 1099.8 126.3 126.3 0.0 135.1 67.4 328.8 319.4 873.2 9.4 612.7 -193.1 1324.9 1090.5 28.3 1419.3 573.6 573.6 0.0 572.9 0.7 798.5 -223.5 53.2 -276.7 2.9 0.0 0.0 191.2 -279.6 470.8 -251.3 219.5 50.4 102.9 81.8 159.9 -19.5 -146.2 -114.5 61.7 139.2 9.3 8.7 19.0 -50.7 0.0 -48.2 -3.1 -3.2 2.7 40.4 29.2 41.0 6.2

2006
1105.9 -746.9 359.0 0.0 0.0 176.5 176.5 535.5 93.4 93.4 0.0 155.7 66.9 316.0 916.4 1092.9 -600.4 181.5 -823.0 1415.2 1136.0 46.0 1452.0 612.9 612.9 0.0 634.2 -21.3 693.0 -56.1 61.0 -117.1 3.0 0.0 0.0 -564.3 -120.1 -444.2 -74.1 -518.3 33.0 34.5 27.2 304.4 -8.1 21.3 14.3 32.5 113.1 -108.7 10.0 33.6 -2.6 19.8 -32.6 0.0 0.0 -19.1 -1.1 -1.1 4.2 42.2 -64.5 6.9 3.2

2007
1105.9 -846.0 259.9 0.0 0.0 144.2 144.2 404.1 135.2 135.2 0.0 179.1 123.1 437.4 1244.6 1388.8 -807.2 242.5 -1109.4 1546.5 1211.5 57.8 1648.9 711.5 706.9 4.6 692.6 18.9 752.3 -37.6 56.2 -93.8 5.0 0.0 0.0 -131.4 -98.8 -32.6 -41.0 -73.6 35.7 35.1 25.3 534.4 -5.7 75.2 55.7 23.5 105.7 -149.5 7.9 23.2 -5.3 18.1 -36.1 0.0 0.0 -13.2 -0.8 -0.9 5.1 43.1 -27.3 16.1 2.4

2008
1105.9 -844.8 261.1 0.0 0.0 106.8 106.8 367.9 49.6 49.6 0.0 257.0 210.7 517.3 1324.5 1431.3 -807.2 177.3 -1274.9 1572.7 1175.1 63.4 1692.4 1121.6 1106.2 15.4 970.3 151.3 1036.9 96.5 68.6 27.9 5.4 0.0 0.0 -36.2 22.5 -58.7 85.9 27.2 29.0 39.1 23.1 548.2 1.6 -62.2 315.8 23.6 92.4 71.1 6.1 38.7 19.4 13.1 10.7 0.0 0.0 2.5 0.3 0.2 5.2 66.3 -137.5 57.6 2.4

2009
1105.9 -991.6 114.3 0.0 0.0 127.0 127.0 241.3 2.7 2.7 0.0 328.2 180.2 511.1 1433.4 1560.4 -922.3 418.4 -1430.7 1626.8 1163.6 66.0 1674.7 1383.6 1378.3 5.3 1282.7 100.9 1447.7 -58.6 88.0 -146.6 0.0 0.0 0.0 -126.6 -146.6 20.0 -80.6 -60.6 52.6 35.7 23.1 1365.2 -8.8 115.8 133.0 10.3 104.6 -150.2 6.4 21.0 0.0 15.0 -128.3 0.0 0.0 -10.6 -1.3 -1.3 5.6 82.6 -533.3 23.4 1.0

294

Otsuka Pakistan Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

100.0 89.7 189.7 0.0 0.0 0.0 0.0 189.7 2.7 2.7 0.0 162.7 89.1 254.5 153.9 153.9 100.6 11.0 -151.2 269.8 89.1 11.8 343.6 534.8 534.8 0.0 345.0 189.8 469.4 68.2 1.0 67.2 20.5 20.0 0.0 22.6 26.7 -4.1 38.5 34.4 0.0 165.4 107.5 81.1 19.6 118.1 111.9 189.7 87.8 1.5 0.2 9.1 30.5 22.1 35.4 233.5 10.5 12.6 6.7 4.7 19.1 155.6 19.6 17.7 19.0

2005
100.0 134.6 234.6 0.0 0.0 0.0 0.0 234.6 2.1 2.1 0.0 217.2 91.7 311.0 215.6 215.6 95.4 65.8 -213.5 333.0 139.3 14.6 450.3 721.2 721.2 0.0 506.7 214.5 660.0 64.7 1.1 63.6 20.9 20.0 0.0 44.9 22.7 22.2 37.3 59.5 0.0 144.2 101.7 91.9 14.1 50.6 62.7 234.6 91.5 1.7 0.2 1.7 32.9 19.9 27.1 213.5 8.5 8.8 6.4 4.3 16.4 160.2 -4.5 34.9 23.5

2006
100.0 160.2 260.2 0.0 0.0 0.0 0.0 260.2 2.9 2.9 0.0 231.0 81.3 315.2 257.8 257.8 57.4 57.7 -254.9 411.2 202.8 20.8 518.0 834.3 834.3 0.0 588.3 246.0 758.0 84.2 6.5 77.7 11.7 22.5 0.0 25.6 43.5 -17.9 64.3 46.4 0.0 122.3 90.7 99.1 15.0 169.9 138.6 260.2 90.9 7.7 0.8 11.3 15.1 16.8 29.9 293.3 8.6 9.3 7.8 6.6 14.9 161.1 21.9 15.7 26.0

2007
100.0 202.0 302.0 0.0 0.0 33.3 33.3 335.3 4.0 4.0 0.0 191.7 151.5 347.2 317.5 350.8 29.7 89.7 -313.5 538.7 305.7 27.5 652.9 991.0 991.0 0.0 688.2 302.8 896.1 108.9 8.7 100.2 33.8 25.0 0.0 75.1 41.4 33.7 68.9 102.6 9.9 109.4 61.6 116.2 15.3 55.1 67.2 302.0 90.4 8.0 0.9 9.7 33.7 13.3 33.2 265.6 8.3 10.1 10.0 6.6 13.4 151.8 28.2 18.8 30.2

2008
100.0 244.8 344.8 0.0 0.0 16.7 16.7 361.5 3.2 3.2 0.0 283.2 185.0 471.4 458.2 474.9 13.2 165.4 -455.0 616.6 348.2 40.6 819.6 1217.5 1217.5 0.0 868.8 348.7 1117.8 108.5 7.7 100.8 11.6 25.0 0.0 26.2 64.2 -38.0 104.8 66.8 4.6 102.9 62.5 137.7 12.3 245.0 156.9 344.8 91.8 7.1 0.6 4.7 11.5 1.6 29.2 356.8 7.3 8.3 10.1 8.9 13.3 148.5 1.0 22.9 34.5

2009
100.0 244.0 344.0 0.0 0.0 0.0 0.0 344.0 2.7 2.7 0.0 264.6 216.9 484.2 466.9 466.9 17.3 150.5 -464.2 645.7 326.7 53.9 810.9 1236.3 1236.3 0.0 922.7 313.6 1184.9 67.7 28.2 39.5 22.4 15.0 0.0 -17.5 2.1 -19.6 56.0 36.4 0.0 103.7 57.2 135.7 4.9 -12.0 153.8 344.0 95.8 41.7 2.3 18.7 56.7 13.9 11.5 114.0 4.4 3.2 4.0 1.7 15.5 152.5 -60.4 1.5 34.4

295

Pakistan Gum & Chemicals Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

29.3 98.3 127.6 0.0 0.0 0.0 0.0 127.6 4.2 4.2 0.0 121.4 146.5 272.1 161.6 161.6 110.5 138.0 -157.4 97.4 17.1 4.6 289.2 400.1 90.4 309.7 333.1 67.0 364.6 35.8 3.7 32.1 5.2 8.8 0.0 39.0 18.1 20.9 22.7 43.6 0.0 168.4 77.7 126.6 11.1 46.4 52.1 435.5 91.1 10.3 0.9 2.7 16.2 22.2 25.2 305.7 6.9 8.0 11.0 9.2 28.4 138.3 42.9 -6.1 43.5

2005
32.2 106.5 138.7 0.0 0.0 0.0 0.0 138.7 8.8 8.8 0.0 72.4 186.0 267.2 148.4 148.4 118.8 70.0 -139.6 104.2 19.9 4.0 287.1 443.1 167.1 276.0 375.9 67.2 408.6 34.7 5.4 29.3 6.3 11.7 2.9 11.1 11.3 -0.2 15.3 15.1 0.0 180.1 54.7 107.0 10.2 101.8 101.3 430.7 92.2 15.6 1.2 7.7 21.5 6.6 21.1 196.6 8.4 6.6 9.1 7.1 23.4 154.3 -17.3 10.7 43.1

2006
32.2 106.5 138.7 0.0 0.0 0.0 0.0 138.7 8.8 8.8 0.0 72.4 186.0 267.2 148.4 148.4 118.8 70.0 -139.6 104.2 19.9 4.0 287.1 443.1 167.1 276.0 375.9 67.2 408.6 34.7 5.4 29.3 6.3 0.0 0.0 0.0 23.0 -23.0 27.0 4.0 0.0 180.1 54.7 107.0 10.2 0.0 675.0 430.7 92.2 15.6 1.2 7.7 21.5 6.6 21.1 0.0 0.0 6.6 9.1 7.1 23.4 154.3 0.0 0.0 43.1

2007
35.4 101.4 136.8 0.0 0.0 0.0 0.0 136.8 15.5 15.5 0.0 110.9 123.4 249.8 139.2 139.2 110.6 92.4 -123.7 115.0 26.3 3.4 276.1 619.4 197.0 422.4 555.1 64.3 591.3 31.9 11.2 20.7 7.4 7.1 0.0 -1.9 6.2 -8.1 9.6 1.5 0.0 179.5 90.8 101.8 7.5 -326.3 640.0 386.4 95.5 35.1 1.8 12.1 35.7 10.2 15.1 187.3 5.2 3.3 5.8 3.8 13.9 224.3 -36.3 39.8 38.6

2008
42.5 144.4 186.9 0.0 0.0 0.0 0.0 186.9 28.6 28.6 0.0 101.2 164.3 294.1 151.0 151.0 143.1 120.0 -122.4 111.1 43.9 4.0 338.0 792.9 234.3 558.6 694.1 98.8 750.2 56.5 16.0 40.5 9.0 0.0 0.0 50.1 31.5 18.6 35.5 54.1 0.0 194.8 86.0 80.8 12.0 62.9 65.6 439.8 94.6 28.3 2.0 13.3 22.2 9.5 21.7 0.0 0.0 5.1 9.5 7.4 15.2 234.6 63.8 28.0 44.0

2009
42.5 132.8 175.3 0.0 0.0 0.0 0.0 175.3 10.4 10.4 0.0 94.4 300.2 405.0 279.1 279.1 125.9 230.5 -268.7 121.0 49.4 5.9 454.4 567.0 185.5 381.5 499.7 67.3 546.5 23.8 13.0 10.8 4.7 4.2 0.0 -11.6 1.9 -13.5 7.8 -5.7 0.0 145.1 37.5 159.2 2.4 -16.4 -136.8 412.5 96.4 54.6 2.3 5.6 43.5 9.3 6.2 145.2 2.4 1.9 2.5 1.4 13.4 124.8 -73.7 -28.5 41.2

296

Pakistan PVC Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

49.9 -250.4 -200.5 0.0 0.0 0.0 0.0 -200.5 0.1 0.1 0.0 4.9 0.7 5.7 574.9 574.9 -569.2 54.5 -574.8 1024.4 368.8 4.9 374.5 11.8 8.5 3.3 17.0 -5.2 22.5 -9.1 31.2 -40.3 0.1 0.0 0.0 -238.7 -40.4 -198.3 -35.5 -233.8 1.0 0.9 -10.8 -401.8 190.7 264.4 57.2 17.8 -341.5 -8.1 -8.1 1.0 3.2 -65.2 40.5 -40.2

2005
49.9 -212.4 -162.5 0.0 0.0 0.0 0.0 -162.5 0.7 0.7 0.0 7.1 2.1 9.9 537.2 537.2 -527.3 15.0 -536.5 382.8 364.8 4.5 374.7 13.8 13.8 0.0 19.6 -5.8 27.6 -7.3 29.0 -36.3 0.1 0.0 0.0 38.0 -36.4 74.4 -31.9 42.5 1.8 1.5 -9.7 -95.8 -75.1 -325.7 200.0 210.1 193.3 40.6 -263.0 -7.3 -7.3 1.2 3.7 -9.9 16.9 -32.6

2006
149.6 -236.4 -86.8 0.0 0.0 0.0 0.0 -86.8 0.3 0.3 0.0 305.3 1.7 307.3 457.5 457.5 -150.2 50.5 -457.2 85.5 63.5 4.1 370.8 15.7 15.7 0.0 25.3 -9.6 30.8 4.4 28.2 -23.8 0.1 0.0 0.0 75.7 -23.9 99.6 -19.8 79.8 0.0 67.2 66.8 0.0 -6.4 -31.6 -24.8 -58.0 196.2 640.9 179.6 55.8 -0.4 0.0 0.0 0.0 0.0 -151.6 -1.6 -1.6 6.1 4.2 -78.1 13.8 -5.8

2007
149.6 -101.7 47.9 0.0 0.0 0.0 0.0 47.9 0.2 0.2 0.0 7.4 0.9 8.5 315.9 315.9 -307.4 51.0 -315.7 379.2 355.2 3.6 363.7 16.4 16.4 0.0 23.0 -6.6 28.5 -11.8 7.3 -19.1 0.1 0.0 0.0 134.7 -19.2 153.9 -15.6 138.3 0.0 2.7 2.4 659.5 -5.3 -14.3 -11.3 32.0 173.8 -61.9 44.5 14.3 -0.5 37.2 -39.9 0.0 0.0 -116.5 -1.3 -1.3 1.0 4.5 -18.8 4.5 3.2

2008
149.6 -24.7 124.9 0.0 0.0 0.0 0.0 124.9 0.1 0.1 0.0 2.2 0.4 2.7 230.0 230.0 -227.3 48.0 -229.9 379.2 352.2 3.1 354.9 12.1 12.1 0.0 17.6 -5.5 26.7 84.3 7.3 77.0 0.0 0.0 0.0 77.0 77.0 0.0 80.1 80.1 0.0 1.2 1.0 184.1 21.7 100.0 100.0 83.5 220.7 8.7 60.3 15.2 0.0 12.4 61.6 0.0 0.0 636.4 5.1 5.1 0.9 3.4 -492.3 -26.2 8.3

2009
149.6 -201.2 -51.6 0.0 0.0 0.0 0.0 -51.6 0.0 0.0 0.0 134.5 0.8 135.3 244.0 244.0 -108.7 48.0 -244.0 65.7 56.9 2.8 192.2 3.8 3.8 0.0 25.8 -22.0 30.2 -12.6 7.3 -19.9 0.0 0.0 0.0 -176.5 -19.9 -156.6 -17.1 -173.7 0.0 55.5 55.1 0.0 -10.4 11.3 9.8 -34.5 794.7 -57.9 192.1 15.2 0.0 57.9 0.0 0.0 0.0 -523.7 -1.3 -1.3 5.1 2.0 -125.5 -68.6 -3.4

297

Sanofi-Aventis Pakistan Ltd. (Aventis Pharma)

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

96.4 578.6 675.0 0.0 0.0 187.5 187.5 862.5 52.7 52.7 0.0 237.3 596.3 886.3 621.4 808.9 264.9 263.1 -568.7 1246.1 597.6 59.4 1483.9 3351.4 3351.4 0.0 2366.7 984.7 2957.4 409.8 26.4 383.4 125.6 77.2 0.0 430.2 180.6 249.6 240.0 489.6 21.7 142.6 46.7 119.8 25.8 42.0 49.0 700.2 88.2 6.4 0.8 10.0 32.8 1.8 56.8 333.9 11.4 11.4 39.8 26.7 13.3 225.9 63.8 9.6 70.0

2005
96.4 807.5 903.9 0.0 0.0 62.5 62.5 966.4 6.2 6.2 0.0 408.8 1074.0 1489.0 1154.7 1217.2 334.3 618.9 -1148.5 1315.2 632.2 58.3 2121.2 3684.0 3684.0 0.0 2519.8 1164.2 3239.7 462.3 60.9 401.4 140.1 83.9 0.0 103.9 177.4 -73.5 235.7 162.2 6.5 129.0 35.9 134.7 18.9 170.7 145.3 937.7 87.9 13.2 1.7 9.8 34.9 2.3 44.4 311.4 9.3 10.9 41.6 27.1 9.8 173.7 4.5 9.9 93.8

2006
96.4 1019.7 1116.1 0.0 0.0 0.0 0.0 1116.1 3.9 3.9 0.0 484.8 797.3 1286.0 871.9 871.9 414.1 267.3 -868.0 1419.8 702.0 68.6 1988.0 4150.2 4122.6 27.6 2885.9 1264.3 3737.1 431.4 75.9 355.5 111.9 68.5 0.0 149.7 175.1 -25.4 243.7 218.3 0.0 147.5 56.1 78.1 17.9 117.0 111.6 1157.8 90.0 17.6 1.8 28.4 31.5 3.5 31.9 355.6 6.1 8.6 36.9 25.3 10.9 208.8 -11.3 12.7 115.8

2007
96.4 1016.8 1113.2 0.0 0.0 0.0 0.0 1113.2 2.1 2.1 0.0 556.9 1077.0 1636.0 1313.9 1313.9 322.1 542.2 -1311.8 1597.6 791.1 95.4 2427.1 4203.6 4190.2 13.4 3117.6 1086.0 3989.9 235.3 109.3 126.0 35.4 42.4 0.0 -2.9 48.2 -51.1 143.6 92.5 0.0 124.5 42.5 118.0 5.2 -1662.1 155.2 1154.8 94.9 46.5 2.6 20.2 28.1 3.3 11.3 213.7 3.8 3.0 13.1 9.4 13.6 173.2 -64.5 1.3 115.5

2008
96.4 1019.5 1115.9 0.0 0.0 0.0 0.0 1115.9 2.2 2.2 0.0 681.2 1104.9 1788.3 1867.7 1867.7 -79.4 872.5 -1865.5 2092.5 1195.2 105.5 2983.5 4676.5 4648.7 27.8 3620.7 1055.8 4557.9 171.4 87.1 84.3 47.4 13.5 0.0 2.7 23.4 -20.7 128.9 108.2 0.0 95.7 36.6 167.4 2.8 866.7 119.1 1157.6 97.5 50.8 1.9 10.0 56.2 3.3 7.6 273.3 1.2 1.8 8.7 3.8 13.3 156.7 -33.6 11.2 115.8

2009
96.4 1192.2 1288.6 0.0 0.0 7.2 7.2 1295.8 2.3 2.3 0.0 902.9 1136.7 2041.9 2139.4 2146.6 -97.5 1375.0 -2137.1 2398.9 1393.3 129.2 3435.2 6725.7 6696.4 29.3 5099.1 1626.6 6442.8 384.0 131.0 253.0 95.7 67.5 0.0 179.9 89.8 90.1 219.0 309.1 0.6 95.4 42.3 166.6 7.4 49.9 70.9 1336.7 95.8 34.1 1.9 9.5 37.8 5.1 19.6 233.0 5.2 3.8 26.2 16.3 10.8 195.8 201.1 43.8 133.7

298

Sardar Chemical Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

60.0 28.5 88.5 0.0 0.0 2.6 2.6 91.1 2.5 2.5 0.0 64.7 44.6 111.8 66.1 68.7 45.7 57.7 -63.6 112.1 45.4 5.6 157.2 108.9 104.9 4.0 85.5 23.4 102.8 6.9 5.6 1.3 0.5 0.0 0.0 1.9 0.8 1.1 6.4 7.5 2.9 169.1 101.7 77.6 0.8 42.1 85.3 147.5 94.4 81.2 5.1 9.7 38.5 45.6 1.5 0.0 1.2 0.2 0.1 12.0 69.3 -150.0 8.4 14.8

2005
60.0 27.0 87.0 0.0 0.0 2.6 2.6 89.6 0.8 0.8 0.0 69.9 42.8 113.5 64.8 67.4 48.7 56.4 -64.0 112.6 40.9 5.3 154.4 103.8 99.4 4.4 81.9 21.9 99.2 4.7 5.7 -1.0 0.5 0.0 0.0 -1.5 -1.5 0.0 3.8 3.8 2.9 175.2 109.1 77.5 -0.6 100.0 145.0 95.6 121.3 5.5 10.1 50.9 -1.1 0.0 -1.0 -0.2 -0.3 11.7 67.2 -200.0 -4.7 14.5

2006
60.0 27.4 87.4 0.0 0.0 1.7 1.7 89.1 3.1 3.1 0.0 73.0 40.4 116.5 64.5 66.2 52.0 54.2 -61.4 113.4 37.1 4.6 153.6 107.1 101.9 5.2 80.3 26.8 99.3 7.9 6.8 1.1 0.5 0.0 0.0 -0.5 0.6 -1.1 5.2 4.1 1.9 180.6 118.0 75.7 0.7 -120.0 126.8 145.7 92.7 86.1 6.3 12.5 45.5 0.0 1.3 0.0 0.0 1.0 0.2 0.1 11.2 69.7 -200.0 3.2 14.6

2007
60.0 30.2 90.2 0.0 0.0 4.3 4.3 94.5 7.4 7.4 0.0 79.3 38.8 125.5 68.6 72.9 56.9 59.5 -61.2 117.7 37.6 5.3 163.1 117.5 114.0 3.5 84.0 33.5 105.1 12.7 7.9 4.8 0.6 1.5 0.0 5.4 2.7 2.7 8.0 10.7 4.6 182.9 126.4 80.8 2.9 50.0 74.8 150.3 89.4 62.2 6.7 13.3 12.5 56.0 5.3 280.0 1.7 4.1 0.8 0.7 14.3 72.0 300.0 9.7 15.0

2008
60.0 30.8 90.8 0.0 0.0 2.4 2.4 93.2 3.0 3.0 0.0 89.3 39.5 131.8 71.7 74.1 60.1 60.1 -68.7 117.4 33.0 4.5 164.8 125.1 122.3 2.8 95.0 30.1 114.9 10.3 8.1 2.2 0.8 0.0 0.0 -1.3 1.4 -2.7 5.9 3.2 2.6 183.8 128.7 81.6 1.3 -107.7 184.4 151.3 91.8 78.6 6.5 13.5 36.4 58.7 2.4 0.0 0.0 1.8 0.4 0.2 12.0 75.9 -50.0 6.5 15.1

2009
60.0 32.0 92.0 0.0 0.0 4.2 4.2 96.2 7.7 7.7 0.0 94.0 28.8 130.5 65.7 69.9 64.8 54.5 -58.0 117.8 31.4 4.4 161.9 127.7 126.9 0.8 94.9 32.8 115.0 12.8 10.3 2.5 0.9 0.0 0.0 3.0 1.6 1.4 6.0 7.4 4.4 198.6 154.8 76.0 1.5 53.3 81.1 153.3 90.1 80.5 8.1 18.9 36.0 0.0 2.7 0.0 0.0 2.0 0.4 0.3 13.3 78.9 0.0 2.1 15.3

299

Searle Pakistan Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

190.6 613.0 803.6 0.0 0.0 140.7 140.7 944.3 274.2 74.2 200.0 746.2 208.2 1228.6 939.7 1080.4 288.9 506.1 -665.5 827.6 655.4 26.4 1884.0 2026.7 1916.9 109.8 1355.7 671.0 1787.2 247.1 85.1 162.0 65.5 0.0 9.5 383.9 96.5 287.4 122.9 410.3 14.9 130.7 108.6 134.4 8.6 25.1 30.0 421.6 88.2 34.4 4.2 16.8 40.4 32.0 20.2 0.0 8.0 8.5 5.1 16.6 107.6 117.9 5.3 42.2

2005
200.1 700.9 901.0 0.0 0.0 66.6 66.6 967.6 225.0 25.0 200.0 793.4 216.2 1234.6 928.0 994.6 306.6 402.7 -703.0 888.2 660.9 68.8 1895.5 2473.2 2295.0 178.2 1813.9 659.3 2294.2 185.1 55.6 129.5 41.6 0.0 9.5 23.3 87.9 -64.6 156.7 92.1 6.9 133.0 109.7 110.4 6.8 377.3 170.1 450.3 92.8 30.0 2.2 13.8 32.1 26.7 14.4 0.0 5.2 6.5 4.4 10.5 130.5 -23.5 22.0 45.0

2006
220.1 712.0 932.1 0.0 0.0 447.6 447.6 1379.7 273.9 73.9 200.0 1082.9 239.6 1596.4 943.0 1390.6 653.4 684.9 -669.1 1046.7 726.2 77.6 2322.6 3240.5 3064.7 175.8 2289.4 951.1 2985.8 274.5 80.9 193.6 71.8 33.0 22.0 412.1 88.8 323.3 166.4 489.7 32.4 169.3 143.9 149.2 8.3 21.5 34.0 423.5 92.1 29.5 2.5 11.8 37.1 27.9 20.8 369.1 3.5 6.0 8.8 5.5 11.8 139.5 35.4 31.0 42.3

2007
242.1 705.9 948.0 0.0 0.0 335.9 335.9 1283.9 93.8 93.8 0.0 1292.2 385.6 1771.6 1175.4 1511.3 596.2 633.4 -1081.6 1077.2 687.7 89.8 2459.3 3114.5 2964.9 149.6 2155.7 958.8 2919.2 238.7 97.2 141.5 64.1 24.2 24.2 -95.8 53.2 -149.0 143.0 -6.0 26.2 150.7 117.9 159.4 5.8 -55.5 -2383.3 391.6 93.7 40.7 3.1 15.3 45.3 34.3 14.9 319.8 2.6 4.5 5.8 3.2 12.2 126.6 -34.1 -3.9 39.2

2008
266.3 839.3 1105.6 0.0 0.0 210.3 210.3 1315.9 269.3 69.3 200.0 1133.4 223.5 1626.2 963.1 1173.4 663.1 473.0 -693.8 1108.4 652.9 86.5 2279.1 3253.4 3147.1 106.3 2287.5 965.9 2941.6 365.6 112.2 253.4 81.6 26.6 0.0 32.0 145.2 -113.2 231.7 118.5 16.0 168.9 145.6 106.1 11.1 453.8 195.5 415.2 90.4 30.7 3.4 23.7 32.2 30.4 22.9 645.9 2.4 7.8 9.5 6.5 13.3 142.7 63.8 4.5 41.5

2009
266.3 944.7 1211.0 0.0 0.0 105.7 105.7 1316.7 289.2 189.2 100.0 1147.2 272.1 1708.5 1007.2 1112.9 701.3 499.9 -718.0 1136.0 615.4 93.7 2323.9 2708.9 2527.2 181.7 1551.4 1157.5 2333.5 461.1 104.4 356.7 122.3 39.9 39.9 0.8 194.5 -193.7 288.2 94.5 8.0 169.6 142.6 91.9 15.3 24312.5 305.0 454.8 86.1 22.6 3.9 20.9 34.3 36.2 29.5 587.5 3.3 13.2 13.4 8.8 14.4 116.6 41.1 -16.7 45.5

300

Shaffi Chemical Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

120.0 -60.8 59.2 0.0 0.0 0.0 0.0 59.2 14.8 0.6 14.2 164.5 25.0 204.3 185.4 185.4 18.9 100.0 -170.6 72.9 40.2 3.8 244.5 13.7 13.7 0.0 13.7 0.0 16.0 -1.9 6.0 -7.9 0.1 0.0 0.0 -52.8 -8.0 -44.8 -4.2 -49.0 0.0 110.2 96.7 313.2 -3.2 49.3 116.8 43.8 6.0 2.2 -13.3 0.0 -57.7 -0.7 -0.7 4.2 5.6 -79.4 -42.7 4.9

2005
120.0 -7.9 112.1 0.0 0.0 0.0 0.0 112.1 14.3 0.1 14.2 165.9 13.3 193.5 118.2 118.2 75.3 73.0 -103.9 72.6 36.7 3.4 230.2 13.1 13.1 0.0 22.2 -9.1 23.7 37.5 3.4 34.1 0.1 0.0 0.0 52.9 34.0 18.9 37.4 56.3 0.0 163.7 152.5 105.4 14.8 64.3 66.4 93.4 180.9 9.1 26.0 4.7 0.3 0.0 30.4 0.0 260.3 2.8 2.8 8.5 5.7 -500.0 -4.4 9.3

2006
120.0 12.6 132.6 0.0 0.0 0.0 0.0 132.6 14.7 0.5 14.2 168.0 10.8 193.5 94.6 94.6 98.9 52.6 -79.9 72.6 33.7 3.1 227.2 5.8 5.8 0.0 9.9 -4.1 11.2 17.7 0.3 17.4 0.0 0.0 0.0 20.5 17.4 3.1 20.5 23.6 0.0 204.5 193.1 71.3 7.7 84.9 86.9 110.5 193.1 1.7 5.2 0.6 0.0 0.0 13.1 0.0 0.0 300.0 1.5 1.5 8.4 2.6 -46.4 -55.7 11.1

2007
120.0 56.3 176.3 0.0 0.0 0.0 0.0 176.3 57.9 0.1 57.8 170.1 14.4 242.4 97.7 97.7 144.7 50.0 -39.8 73.0 31.6 2.8 274.0 12.7 12.7 0.0 12.5 0.2 14.5 1.9 0.1 1.8 0.1 0.0 0.0 43.7 1.7 42.0 4.5 46.5 0.0 248.1 233.4 55.4 0.7 3.9 9.7 146.9 114.2 5.3 0.8 0.2 5.6 4.7 1.0 0.0 0.0 14.2 0.2 0.1 8.3 4.6 -86.7 119.0 14.7

2008
120.0 52.5 172.5 0.0 0.0 0.0 0.0 172.5 55.4 0.5 54.9 194.2 7.0 256.6 113.2 113.2 143.4 50.0 -57.8 73.0 29.1 2.6 285.7 128.6 128.6 0.0 100.6 28.0 117.5 11.2 0.1 11.1 0.6 0.0 0.0 -3.8 10.5 -14.3 13.1 -1.2 0.0 226.7 220.5 65.6 3.9 -276.3 -1091.7 143.8 91.4 0.9 0.1 0.2 5.4 9.0 6.4 0.0 0.0 8.6 0.9 0.9 8.2 45.0 350.0 912.6 14.4

2009
120.0 92.6 212.6 0.0 0.0 0.0 0.0 212.6 88.3 0.6 87.7 206.4 0.3 295.0 111.5 111.5 183.5 50.0 -23.2 67.2 29.1 2.5 324.1 125.5 125.5 0.0 105.6 19.9 118.1 40.9 0.0 40.9 0.0 0.0 0.0 40.1 40.9 -0.8 43.4 42.6 0.0 264.6 264.3 52.4 12.6 102.0 101.9 177.2 94.1 0.0 0.0 0.0 0.0 16.3 19.2 0.0 0.0 32.6 3.4 3.4 7.9 38.7 277.8 -2.4 17.7

301

Sitara Chemical Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

185.5 1059.2 1244.7 0.0 249.3 47.6 296.9 1541.6 150.3 116.0 34.3 691.1 347.6 1189.0 1509.7 1806.6 -320.7 701.5 -1359.4 3269.2 1862.4 184.6 3051.4 3566.7 3526.8 39.9 2936.7 630.0 3107.6 468.9 98.3 370.6 154.0 102.0 0.0 18.8 114.6 -95.8 299.2 203.4 19.3 78.8 55.7 145.1 12.1 609.6 147.1 671.0 87.1 21.0 2.8 14.0 41.6 8.4 29.8 212.4 8.2 10.4 20.0 11.7 10.2 116.9 29.9 10.6 67.1

2005
185.5 1309.1 1494.6 0.0 122.4 527.5 649.9 2144.5 99.1 81.4 17.7 761.2 319.1 1179.4 1477.6 2127.5 -298.2 889.6 -1378.5 3693.9 2442.7 147.8 3622.1 4584.4 4488.4 96.0 3684.0 900.4 3976.4 617.1 129.4 487.7 132.7 148.4 0.0 602.9 206.6 396.3 354.4 750.7 30.3 79.8 58.2 142.3 13.5 34.3 47.2 805.7 86.7 21.0 2.8 14.5 27.2 5.4 32.6 239.2 9.9 10.6 26.3 19.1 7.9 126.6 31.5 28.5 80.6

2006
185.6 1472.3 1657.9 0.0 1108.9 354.7 1463.6 3121.5 416.4 401.0 15.4 1092.3 407.0 1915.7 2249.0 3712.6 -333.3 2363.1 -1832.6 4858.3 3454.7 156.9 5370.4 4383.3 4383.3 0.0 3678.2 705.1 4011.5 381.6 23.5 358.1 1.0 111.3 0.0 977.0 245.8 731.2 402.7 1133.9 46.9 85.2 67.1 223.9 6.7 25.2 35.5 893.3 91.5 6.2 0.5 1.0 0.3 8.1 21.6 320.8 6.7 8.2 19.3 19.2 6.4 81.6 -26.6 -4.4 89.3

2007
185.5 1736.7 1922.2 0.0 1646.9 219.1 1866.0 3788.2 335.5 252.7 82.8 1387.2 441.7 2164.4 2596.4 4462.4 -432.0 2088.6 -2260.9 5864.3 4220.2 260.0 6384.6 5043.0 4989.7 53.3 3958.7 1084.3 4218.2 854.5 317.6 536.9 21.9 102.0 18.5 666.7 413.0 253.7 673.0 926.7 49.3 83.4 66.3 232.2 8.4 61.9 72.6 1036.2 83.6 37.2 6.3 15.2 4.1 11.1 27.9 504.9 5.3 10.6 28.9 27.8 7.5 79.0 49.7 15.1 103.6

2008
204.1 3338.2 3542.3 0.0 0.0 1797.7 1797.7 5340.0 1593.3 240.9 1352.4 1849.1 526.9 3969.3 3453.4 5251.1 515.9 2066.0 -1860.1 6684.2 4824.1 416.1 8793.4 6355.4 6292.2 63.2 4800.1 1555.3 5130.8 1287.4 368.1 919.3 320.9 153.1 0.0 1551.8 445.3 1106.5 861.4 1967.9 33.7 114.9 99.7 148.2 10.5 28.7 43.8 1735.6 80.7 28.6 5.8 17.8 34.9 8.9 26.0 390.9 4.3 14.5 45.0 29.3 12.7 72.3 55.7 26.0 173.6

2009
204.1 3764.4 3968.5 0.0 1242.7 1543.0 2785.7 6754.2 371.2 294.2 77.0 3830.8 773.8 4975.8 3359.1 6144.8 1616.7 3200.8 -2987.9 7402.7 5137.6 412.7 10113.4 6178.4 6103.0 75.4 4216.6 1961.8 4612.9 1592.9 605.0 987.9 303.2 153.1 0.0 1414.2 531.6 882.6 944.3 1826.9 41.2 148.1 125.1 154.8 9.8 37.6 51.7 1944.4 74.7 38.0 9.8 18.9 30.7 10.7 24.9 447.2 3.9 16.0 48.4 33.5 8.6 61.1 7.6 -2.8 194.4

302

Sitara Peroxide Limited

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

-

2005
-

2006
-

2007
-

2008
-

2009
551.0 368.7 919.7 0.0 0.0 1223.2 1223.2 2142.9 6.7 6.7 0.0 232.2 343.5 582.4 825.8 2049.0 -243.4 1486.0 -819.1 2542.1 2386.4 105.2 2968.8 628.5 622.7 5.8 525.9 102.6 570.7 57.8 245.9 -188.1 0.0 0.0 0.0 -188.1 -82.9 57.1 70.5 28.9 222.8 -6.3 0.0 0.0 166.9 90.8 425.4 39.1 16.5 0.0 7.7 -20.5 0.0 0.0 -29.9 -3.4 -3.4 6.7 21.2 -440.0 16.7

303

Wah Nobel Chemicals Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

75.0 106.7 181.7 0.0 0.0 56.3 56.3 238.0 47.3 22.3 25.0 170.2 38.9 256.4 153.2 209.5 103.2 132.6 -105.9 218.3 134.8 3.0 391.2 304.2 304.2 0.0 249.8 54.4 264.9 47.2 1.1 46.1 11.5 26.3 0.0 32.1 8.3 23.8 11.3 35.1 23.7 167.4 142.0 115.3 11.8 25.9 32.2 242.3 87.1 2.3 0.4 0.8 24.9 41.8 25.4 131.6 14.5 15.2 6.1 4.6 2.8 77.8 13.0 28.9 24.2

2005
75.0 131.6 206.6 0.0 0.0 37.5 37.5 244.1 38.4 13.4 25.0 187.4 49.2 275.0 159.0 196.5 116.0 140.2 -120.6 218.8 128.1 7.5 403.1 572.1 572.1 0.0 498.6 73.5 527.4 50.8 10.6 40.2 2.9 26.3 0.0 6.1 11.0 -4.9 18.5 13.6 15.4 173.0 142.0 95.1 10.0 180.3 136.0 275.5 92.2 20.9 1.9 7.6 7.2 24.1 19.5 141.8 12.7 7.0 5.4 5.0 5.6 141.9 -11.5 88.1 27.5

2006
90.0 123.1 213.1 0.0 0.0 18.8 18.8 231.9 33.9 8.9 25.0 210.0 46.3 290.2 180.9 199.7 109.3 118.8 -147.0 219.7 122.5 6.4 412.7 643.6 643.6 0.0 565.5 78.1 599.6 49.1 14.3 34.8 6.7 18.0 0.0 -12.2 10.1 -22.3 16.5 -5.8 8.1 160.4 134.8 93.7 8.4 -82.8 -284.5 236.8 93.2 29.1 2.2 12.0 19.3 22.4 16.3 156.1 8.4 5.4 3.9 3.1 5.0 155.9 -27.8 12.5 23.7

2007
90.0 125.1 215.1 0.0 0.0 0.0 0.0 215.1 56.3 30.6 25.7 195.2 57.3 308.8 211.2 211.2 97.6 104.4 -154.9 221.7 117.5 6.3 426.3 571.5 571.5 0.0 490.4 81.1 527.5 46.7 17.2 29.5 12.3 18.0 0.0 -16.8 -0.8 -16.0 5.5 -10.5 0.0 146.2 119.1 98.2 6.9 4.8 -52.4 239.0 92.3 36.8 3.0 16.5 41.7 27.5 13.7 95.6 8.4 5.2 3.3 1.9 5.1 134.1 -15.4 -11.2 23.9

2008
90.0 209.1 299.1 0.0 0.0 0.0 0.0 299.1 40.8 9.4 31.4 302.0 117.4 460.2 271.0 271.0 189.2 87.1 -230.2 222.9 109.9 7.4 570.1 810.2 810.2 0.0 588.5 221.7 652.7 166.3 13.7 152.6 0.0 45.0 0.0 84.0 107.6 -23.6 115.0 91.4 0.0 169.8 126.5 90.6 26.8 128.1 125.8 332.3 80.6 8.2 1.7 15.7 0.0 30.6 51.0 339.1 15.0 18.8 17.0 17.0 6.3 142.1 415.2 41.8 33.2

2009
90.0 261.1 351.1 0.0 0.0 0.0 0.0 351.1 53.9 18.7 35.2 326.2 50.3 430.4 189.3 189.3 241.1 60.5 -135.4 227.0 110.1 6.5 540.5 715.3 715.3 0.0 490.1 225.2 552.7 165.8 19.7 146.1 51.8 45.0 0.0 52.0 49.3 2.7 55.8 58.5 0.0 227.4 200.8 53.9 27.0 94.8 95.4 390.1 77.3 11.9 2.8 32.6 35.5 39.7 41.6 209.6 12.8 20.4 16.2 10.5 5.9 132.3 -4.7 -11.7 39.0

304

Wyeth Pakistan Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

142.2 688.0 830.2 0.0 0.0 2.6 2.6 832.8 80.7 80.7 0.0 383.6 471.1 935.4 261.6 264.2 673.8 4.2 -180.9 353.3 159.0 23.6 1094.4 1885.3 1746.7 138.6 1139.0 746.3 1516.2 439.6 7.9 431.7 117.3 35.5 0.0 0.0 278.9 -278.9 302.5 23.6 0.3 357.6 177.5 31.8 39.4 1281.8 583.8 80.4 1.8 0.4 188.1 27.2 9.7 52.0 885.6 4.3 22.9 30.4 22.1 17.6 172.3 0.0 0.0 58.4

2005
142.2 934.7 1076.9 0.0 0.0 0.0 0.0 1076.9 397.4 397.4 0.0 349.5 498.7 1245.6 342.7 342.7 902.9 1.0 54.7 378.5 174.0 21.0 1419.6 1885.9 1731.7 154.2 1221.9 664.0 1596.7 328.6 1.6 327.0 95.5 71.0 0.0 244.1 160.5 83.6 181.5 265.1 0.0 363.5 217.9 31.8 23.0 65.8 68.5 757.3 84.7 0.5 0.1 160.0 29.2 3.8 30.4 326.1 6.6 17.3 23.0 16.3 12.0 132.8 -24.3 0.0 75.7

2006
142.2 1135.9 1278.1 0.0 0.0 0.0 0.0 1278.1 600.5 25.5 575.0 296.0 610.8 1507.3 409.0 409.0 1098.3 0.0 191.5 402.8 179.7 22.6 1687.0 2013.5 1842.4 171.1 1256.4 757.1 1681.9 393.0 0.8 392.2 119.2 92.4 0.0 201.2 180.6 20.6 203.2 223.8 0.0 368.5 219.2 32.0 23.2 89.8 90.8 898.8 83.5 0.2 0.0 0.0 30.4 5.4 30.7 295.5 7.2 19.5 27.6 19.2 13.0 119.4 20.0 6.8 89.9

2007
142.2 1269.3 1411.5 0.0 0.0 0.0 0.0 1411.5 772.0 52.0 720.0 272.1 563.2 1607.3 413.3 413.3 1194.0 0.0 358.7 455.5 217.5 25.2 1824.8 2170.2 2005.7 164.5 1434.9 735.3 1882.3 360.0 0.9 359.1 99.0 107.2 0.0 133.4 152.9 -19.5 178.1 158.6 0.0 388.9 252.6 29.3 19.7 114.6 112.3 992.6 86.7 0.3 0.0 0.0 27.6 6.4 25.4 242.6 7.6 16.5 25.3 18.3 14.0 118.9 -8.3 7.8 99.3

2008
142.2 988.7 1130.9 0.0 0.0 0.0 0.0 1130.9 137.9 50.9 87.0 388.6 756.4 1282.9 378.7 378.7 904.2 0.0 -240.8 466.7 226.6 34.0 1509.5 2491.0 2318.7 172.3 1786.3 704.7 2327.5 230.3 1.1 229.2 80.7 355.4 0.0 -280.6 -206.9 -73.7 -172.9 -246.6 0.0 338.8 139.0 33.5 15.2 73.7 70.1 795.3 93.4 0.5 0.0 0.0 35.2 9.7 20.3 41.8 31.4 9.2 16.1 10.4 15.6 165.0 -36.4 14.8 79.5

2009
142.2 840.1 982.3 0.0 0.0 0.0 0.0 982.3 35.6 35.6 0.0 436.2 800.8 1272.6 470.0 470.0 802.6 0.0 -434.4 391.7 179.7 33.5 1452.3 2306.3 2105.8 200.5 1805.3 501.0 2349.4 -27.9 3.8 -31.7 58.1 0.0 0.0 -148.6 -89.8 -58.8 -56.3 -115.1 0.0 270.8 100.4 47.8 -2.2 60.4 48.9 690.8 101.9 -13.6 0.2 0.0 -183.3 12.0 -3.2 0.0 0.0 -1.4 -2.2 -6.3 14.8 158.8 -113.7 -7.4 69.1

305

Abbott Laboratories (Pakistan) Ltd.

Opp. Radio Pakistan Transmission Centre, Hyderabad Road, Landhi, Karachi.

Management
Mr. Munir A. Shaikh(Chairman) Mr. Asif Jooma(Chief Executive) Mr. Angelo Kondes(Director) Mr. Kamran Y. Mirza(Director) Mr. Thomas C. Freyman(Director) Mr. Shamim Ahmed Khan(Director) Mr. Sadi Syed(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 120

Banker
The Royal Bank of Scotland Ltd. Bank of Tokyo - Mitsubishi Ltd. Citibank N.A. Deutsche Bank AG MCB Bank Ltd. Standard Chartered Bank ( Pakistan) Ltd. HSBC Bank Middle East Ltd. 15th March , 2010 Face Value

Auditor
M/s. Yousuf Adil Saleem & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 96.49 126.42 65.00 95.75 13

30th November , 2009

Market Price as on 30/11/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Pharma products

Units

Capacity

Actual Production

BOC Pakistan Ltd,

West Wharf, Dockyard Road, Karachi-74000.

Management
Mr. Munnawar Hamid OBE(Chairman) Syed Ayaz Bokhari(Chief Executive) Mr. Shamim Ahmed Khan(Director) Mr. Lee Bon Hian(Director) Mr. Sanjiv Lamba(Director) Mr. Ashley David Mills(Director) Mr. Sanaullah Qureshi(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 90 Citibank N.A. Deutsche Bank Ag MCB Bank Ltd.

Banker
Standard Chartered Bank ( Pakistan) Ltd.

Auditor
KPMG Taseer Hadi & Co.

National Bank Of Pakistan NIB Bank Ltd. HSBC Bank Middle East Ltd. 22nd April , 2010 Face Value Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 127.95 165.00 105.00 121.39 7

31st December , 2009

Production Desc
Oxygen/Nitrogen Hydrogen Dissolved acetylen

Units
Cubic meters (Ths.) Cubic meters (Ths.) Cubic meters (Ths.)

Capacity
52,248 3,434 836

Actual Production
41,647 1,746 109

306

Bawany Air Products Ltd.

Khasra No. 52/53 R.C.D. Highway, Mouza Pathara, Tehsil Hub, Distt. Lasbella, Balochistan

Management
Mr. Hanif Y. Bawany(Chairman / C.E.O.) Mr. Danish Amin(Director) Mr. Muhammad Ashraf(Director) Ms. Momiza Kapadia(Director) Mr. Vali Mohammad M. Yahya(Director) Mr. Wazir Ahmed Jogezai(Director) Mr. Zakaria A. Ghaffar(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 28th October , 2009 30th June , 2009 RBS Bank Ltd. MCB Bank Ltd. United Bank Ltd.

Banker

Auditor
M/S M. Yousuf Adil Saleem & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 3.55 16.50 2.01 5.32

Production Desc
Oxygen Nitrogen Dissolved acetylen

Units
Th. Cubic Meters Th. Cubic Meters Th. Cubic Meters

Capacity
4,233 252 144

Actual Production
3,345 118 7

Berger Paints Pakistan Ltd.

D-31 South Avenue, S.I.T.E., Karachi-75700.

Management
Mr. Sikander Dada(Chairman) Dr. Mahmood Ahmad(Chief Executive) Mr. Muhammad Naseem(Director) Mr. C. H. Clover(Director) Mr. Maqbool H. H. Rahimtoola(Director) Mr. Ilyas Sharif(Director) Mr. Hamid Masood Sohail(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Citibank N.A.

Banker
The Royal Bank of Scotland Habib Metropolitan Bank Limted Habib Bank Ltd. JS Bank Ltd. MCB Bank Ltd. United Bank Limited 30th October , 2009 30th June , 2009 Face Value

Auditor
M/s. A.F.Ferguson & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 62.50 82.20 28.74 44.26

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Paints

Units
Liters in thousand

Capacity
Indeterminable

Actual Production
33,312

307

Biafo Industries Ltd.

203-204, 2nd Floor, Muhammad Gulistan Khan House, 82-East, Fazal-e-Haq Road, Blue Area, Islamabad.

Management
Mr. M. Afzal Khan(Chairman) Khawaja Amanullah Askari(Chief Executive) Maj. Gen. (Retd.) S. Z. M. Askree(Director) Ms. Shirin Safdar(Director) Mr. S.M.Sibtain(Director) Dr. M. Humayun Khan(Director) Mr. Zafar Khan(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 40 RBS Bank Ltd. Bank Of Khyber Bank Al-Falah Ltd.

Banker

Auditor
KPMG Taseer Hadi & Co.

Habib Metropolitan Bank Ltd. National Bank Of Pakistan Allied Bank Of Pakistan Standard Chartered Bank ( Pakistan) Ltd. 29th October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 35.43 42.90 28.50 35.70 15

Production Desc
Tovex water gell and powder explosives Detonator-plain Detonator-electric

Units
M. Tons No. (thousands) No. (thousands)

Capacity
6,000 8,000 450

Actual Production
4,075 4,468 275

Buxly Paints Ltd.

Plot No. X - 3, Manghopir Road, S.I.T.E, Karachi-75700.

Management
Mr. Mohammad Naseem(Chairman) Mr. Shamshad Ali(Chief Executive) Mr.Shaikh Ajaz Majid(Director) Mr. Bashir Ahmed(Director) Mr. Salman Tarik Kurashi(Director) Mr. Saeed Mohammad Shaikh(Director) Mr. Sheikh Asim Rafiq (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 18th February , 2010 30th June , 2009 NIB Bank Ltd.

Banker
Habib Metropolitan Bank Ltd. Habib Bank Ltd. MCB Bank Ltd. National Bank Of Pakistan Bank Al Falah Ltd.

Auditor
KPMG Taseer Hadi & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 32.00 64.81 32.00 48.41

Production Desc
Paints

Units
Liters

Capacity
Indeterminable

Actual Production
1,740,982

308

Clariant Pakistan Ltd.

1-A/1, Sector-20, Korangi Industrial Area, Korangi, Karachi.

Management
Mr. Mujtaba Rahim(Chairman / C.E.O.) Mr. M. Veqar Arif(Director) Mr. Shamshad Ahmad(Director) Dr. S. Mubarik Ali(Director) Mr. Peter Lindner(Director) Mr. Andreas Walde(Director) Mr. Walter Kindler(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 125 RBS Bank Ltd. Citibank N.A.

Banker

Auditor
M/S A. F. Ferguson & Co.

HSBC Bank Middle East Ltd. Standard Chartered Bank ( Pakistan) Ltd. Habib Bank Ltd. National Bank Of Pakistan Meezan Bank Ltd. 26th March , 2010 Face Value Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 174.73 203.00 98.00 124.56 10

31st December , 2009

Production Desc
Multi-product

Units
Metric tons

Capacity
indeterminable

Actual Production
47,588

Colgate-Palmolive (Pakistan) Ltd.

Lakson Square Building No.2, Sarwar Shaheed Road, Karachi-74200.

Management
Mr. Iqbal Ali Lakhani(Chairman) Mr. Zulfiqar Ali Lakhani(Chief Executive) Mr. Amin Mohammed Lakhani(Director) Mr. A. Aziz Ebrahim(Director) Mr. Peter Justin Skala(Director) Mr. Peter John Graylin(Director) Mr. Tasleemuddin Ahmed Batlay(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 115 15 07th September, 2009 30th June , 2009 RBS Bank Ltd. Habib Bank Ltd. MCB Bank Ltd.

Banker

Auditor
M/S A. F. Fergusan & Co.

Standard Chartered Bank ( Pakistan) Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 280.00 689.90 251.00 384.12 3

Production Desc
Multiple consumer goods

Units
M. Tons

Capacity
123,500

Actual Production
117,005

309

Data Agro Ltd.

3-A, Race View, Jail Road, Lahore

Management
Mr. Faaiz Rahim Khan(Chief Executive) Mr. Asif Rahim Khan(Director) Mr. Muhammad Ayub Khan(Director) Mr. Hamid Jamshed(Director) Mr. Sohail Ahmad Khan(Director) Mr. Umar Sadik(Director) Mrs. Badar Hussain(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Habib Bank Ltd. MCB Bank Ltd. NIB Bank Ltd. The Bank Of Punjab Allied Bank Ltd.

Banker
Albaraka Islamic Investment Bank B.S.C (E.C)

Auditor
M/s. Rafaqat Mansha Mohsin Dossani Masoom &

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 .40

Production Desc
Seed processing

Units
M. Tons

Capacity
18,250

Actual Production
3,199

Dawood Hercules Chemicals Ltd.

35-A, Shahrah-e-Abdul Hameed Bin Baadees (Empress Road), Lahore.

Management
Mr. Aleem Ahmed Dani(Director) Mr. Hussain Dawood(Chairman) Mr. Shahzada Dawood(Chief Executive) Mr. Isar Ahmed(Director) Mr. Abdul Ghafoor Gohar(Director) Mr. Abdul Samad Dawood(Director) Mr. Khawaja Amanullah(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 40 10 Allied Bank Limited Bank Al-Habib Ltd.

Banker

Auditor
KPMG Taseer Hadi & Co.

Emirates Global Islamic bank MCB Bank Ltd. Habib Bank Ltd. Habib Metropolitan Bank Limted United Bank Limited 29th March , 2010 Face Value Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 179.81 225.15 98.75 143.89 3

31st December , 2009

Production Desc
Urea Fertilizer

Units
M. Tons

Capacity
445,500

Actual Production
513,315

310

Descon Chemicals Ltd.(Nimir Resins Ltd.)

DESCON World Head Quater, 18 KM Ferozepur Road, Lahore-53000.

Management
Mr. A. Razak Dawood(Chairman) Mr. Taimoor Dawood(Chief Executive) Mr. Muhammad Sadiq(Director) Mr. Zafar Mahmood(Director) Syed Zamanat Abbas(Director) Mr. Sheikh Azhar Ali(Director) Mr. Faisal Dawood(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 0 26th October , 2009 30th June , 2009 Bank Al-Habib Ltd. Habib Bank Ltd.

Banker

Auditor
M/s. Hussain Chaudhry & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

5.00 3.09 8.30 2.52 4.60

Production Desc
Alkyd, Polyvinyl & Acrylic

Units
M. Tons

Capacity
Indeterminable

Actual Production
8,326

Descon Oxychem Ltd.

Descon Headquaters, 18 Km Ferozpur Road, Lahore-53000.

Management
Mr. Abdur Razzak Dawood(Chairman) Mr.Taimur Dawood(Chief Executive) Mr. Muhammad Sadiq(Director) Shaikh Azhar Ali(Director) Mr. Faisal Dawood(Director) Syed Zamanat Abbas(Director) Mr. Salman Zakaria(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 26th October , 2009 30th June , 2009 Allied Bank Ltd. Bank Al Habib Ltd.

Banker

Auditor
M/s. A.F.Ferguson & Co.

Habib Metropolitan Bank Ltd. Habib Bank Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 7.54 12.05 5.49 8.51

Production Desc
Packing Material Chemicals especially hydrogen peroxide

Units
Number M.Tons

Capacity
630,000 8,750

Actual Production
317,910 5,139

311

Dynea Pakistan Ltd.

1st Floor, House of Habib Siddiquesons Tower, 3-Jinnah Coooperative Housing Society, Block 7/8, Shahrah-e-Faisal, Karachi.

Management
Mr. Per Haga(Chairman) Mr. Shabbir Abbas(Chief Executive) Mr. Alireza M. Alladin(Director) Mr. Chew Teck Liong(Director) Mr. Doneld John Jenkin(Director) Mr. Farooq Hassan(Director) Mr. Rafiq M. Habib(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 15 26th October , 2009 30th June , 2009 Citi Bank N. A. NIB Bank Ltd. United Bank Limited

Banker

Auditor
M/s. Ford Rhodes Sidat Hyder & Co.

Standard Chartered Bank ( Pakistan) Ltd. Habib Metropolitan Bank Limted Habib Bank Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

5.00 10.20 24.70 8.41 13.58 6

Production Desc
Urea/Melamine formaldehyde Formaldehyde Aminoplast compound

Units
M. Tons M. Tons M. Tons

Capacity
34,000 39,000 10,000

Actual Production
31,762 31,262 8294

Engro Corporation Limited (Engro Cheml Pakistan Ltd.)

7th & 8th Floor, The Harbor Front Building, HC # 3, Marine Drive, Block-4, Clifton, Karachi.

Management
Mr. Hussain Dawood(Chairman) Mr. Asad Umar(President / C.E.O.) Mr. Asif Qadir(Director) Mr. Arshad Nasar(Director) Mr. Isar Ahmed(Director) Mr. Shabbir Hashmi(Director) Mr. Khalid Mansoor(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 60 10 Allied Bank Limited Bank Al-Habib Ltd. Bank Al-Falah Habib Bank Ltd. Arif Habib Bank Ltd.

Banker

Auditor
M/s. A.F.Ferguson & Co.

Askari Commercial Bank Ltd. Atlas Bank Ltd. 27th February , 2010 31st December , 2009 Face Value Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 183.27 190.97 93.00 142.32 5

Production Desc
Urea NPK PVC Resin

Units
M. Tons M. Tons M. Tons

Capacity
975,000 160,000 150,000

Actual Production
952,024 91,821 115,620

312

Engro Polymer & Chemicals Ltd.

1st Floor, Bahria Complex-1, 24 M.T.Khan Road, Karachi.

Management
Mr. Asad Umar(Chairman) Asif Qadir(Chief Executive) Mr. Isar Ahmed(Director) Mr. Shahzada Dawood(Director) Mr. Masaharu Domichi(Director) Mr. Takeshi Hagiwara(Director) Mr. Shabbir Hashmi(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Allied Bank Ltd.

Banker
Askari Commercial Bank Ltd. Bank Al-Falah Ltd. Bank Al Habib Ltd. Dubai Islamic Bank Samba Bank Ltd. Faysal Bank Ltd. 09th April , 2010 Face Value

Auditor
M/s. A. F. Ferguson & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 19.10 27.00 12.11 19.05

31st December , 2009

Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
PVC Resin Caustic Soda

Units
M.Tons M.Tons

Capacity
150,000 106,000

Actual Production
115,620 38,739

Fauji Fertilizer Bin Qasim Ltd

73-Harley Street, Rawalpindi

Management
Lt. Gen.(Retd.) Hamid Rab Nawaz(Chairman) Lt. Gen.(Retd.) Anis A. Abbasi(M.D. / C.E.O.) Lt. Gen. (Retd.) Malik Arif Hayat(Director) Brig. (Retd/) Kawaod Rasjod Dar(Director) Mr. Qaiser Javed(Director) Dr. Nadeem Inayat(Director) Brig. (Retd.) Liaqat Ali(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 40 16th March , 2010 MCB Bank Ltd. Habib Bank Ltd. Faysal Bank Ltd.

Banker

Auditor
KPMG Taseer Hadi & Co.

Askari Commercial Bank Ltd.

Face Value Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 26.13 28.15 12.10 19.57 20

31st December , 2009

Production Desc
Urea DAP

Units
Metric tons Metric tons

Capacity
551,100 600,000

Actual Production
627,079 540,096

313

Fauji Fertilizer Company Ltd.

93-Harley Street, Rawalpindi Cantt., Rawalpindi.

Management
Lt. Gen. (Retd.) Hamid Rab Nawaz(Chairman) Lt. Gen. (Retd.) Malik Arif Hayat(M.D. / C.E.O.) Brig. (Retd.) Arif Rasul Qureshi(Director) Maj. Gen. (Retd.) Muhammad Tahir(Director) Brig. (Retd.) Rahat Khan(Director) Mr. Jorgen Madsen(Director) Mr. Istaqbal Mehdi(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 131.5 10 24th February , 2010 31st December , 2009 Habib Bank Ltd. MCB Bank Ltd.

Banker

Auditor
M/s. KPMG Tasir Hadi & Co.

National Bank Of Pakistan

Face Value Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 102.93 110.24 58.90 93.36 15

Production Desc
DAP Urea

Units
M. Tons M. Tons

Capacity
600 2,599

Actual Production
540 3,091

Ferozsons Laboratories Ltd.

Plot No.197-A, The Mall, Rawalpindi.

Management
Mr. Osman Khalid Waheed(President) Mr. Omar Khalid Waheed(G.M.) Mr. Farooq Mazhar(Director) Mr. Dost Mohammad Khan Sherpao(Director) Mr. M .M. Isphani(Director) Mr. Nihal A. Cassim(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 10 20 28th September, 2009 30th June , 2009 Bank Alfalah Ltd. Habib Bank Ltd.

Banker

Auditor
KPMG Taseer Hadi & Co.

Mrs. Akhtar Khalid Waheed(Chairperson / CEO. Standard Chartered Bank ( Pakistan) Ltd.

Standard Charterd Bank Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 157.00 312.00 93.40 196.73 2

Production Desc
Pharmaceutical cannot be determined

Units

Capacity

Actual Production

314

Glaxosmithkline (Pakistan) Ltd.

35-Dockyard Road, West Wharf, Karachi.

Management
Mr. M. Salman Burney(Chairman / C.E.O.) Dr. Muzaffar Iqbal(Director) Mr. Javed Ahmedjee(Director) Mr. Rafique Dawood(Director) Mr. Shahid Mustafa Qureshi(Director) Mr. Tariq Iqbal Khan(Director) Dr. Iffat Yazdani(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 50 30th March , 2010 Citibank N.A.

Banker
The Royal Bank of Scotland Ltd. Habib Bank Ltd. HSBC Bank Middle East Limited Standard Chartered Bank ( Pakistan) Ltd.

Auditor
M/s. A. F. Fergusan & Co.

Face Value Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 109.27 147.49 71.75 104.56 5

31st December , 2009

Production Desc
Medicines and pharma products

Units

Capacity

Actual Production

Highnoon Laboratories Ltd.

17.5 Kilometer, Multan Road, Lahore-53700.

Management
Mr. Jawaid Tariq Khan(Chairman) Mr. Anees Ahmad Khan(Vice Chairman) Mr. Tausif Ahmad Khan(Vice Chairman) Mr. Aslam Hafiz(Chief Executive) Mr. Ghulam Hussain Khan(Director) Mian Muhammad Ashraf(Director) Mrs. Nosheen Riaz Khan(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 25 JS Bank Ltd. Habib Bank Ltd. United Bank Ltd. Faysal Bank Ltd. Allied Bank Ltd. MCB Bank Limited 26th April , 2010

Banker
National Bank of Pakistan.

Auditor
KPMG Taseer Hadi & Co.

Face Value Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 32.66 40.45 27.71 30.53 8

31st December , 2009

Production Desc
pharma products

Units

Capacity

Actual Production

315

ICI Pakistan Ltd.

ICI House, 5-West Wharf, Karachi-74000

Management
Mr. M. J. Jaffer(Chairman) Mr. Waqar A. Malik(Chief Executive) Mr. M. Niwaz Tiwana(Director) Mr. Ali A Aga(Director) Mr. Derek W.Welch(Director) Mr. Bart Kaster(Director) Mr. James R Rees(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 45

Banker
Oman International Bank Askari Commercial Bank Ltd. Citibank N.A. Deutsche Bank A.G. Muslim Commercial Bank Ltd. National Bank Of Pakistan United Bank Limited 30th March , 2010 Face Value

Auditor
KPMG Taseer Hadi & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 168.49 201.00 50.00 130.08 3

31st December , 2009

Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Polyster Soda Ash Paints

Units
M. Tons M. Tons M. Tons

Capacity
122,000 350,000 -

Actual Production
123,642 269,500 33,741

Ittehad Chemicals Ltd.

Plot No.39 Empress Road, P.O.Box No. 1414, Lahore

Management
Mr. Mohd.Siddique Khatari(Chairman / C.E.O.) Ms. Noor-ul-Huda(Director) Mr. Abdul Sattar Khatri(Director) Mr. Mansoor Ahmed Khatri(Director) Mr. Fawad Yousuf(Director) Mr.Abdul Ghafoor Khatri(Director) Ms. Farhana Sattar(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 15

Banker
Askari Commercial Bank Limited Allied Bank Of Pakistan Metropolitan Bank Limited MCB Bank Ltd. The Bank Of Punjab Faysal Bank Limited United Bank Limited 26th October , 2009 30th June , 2009 Face Value

Auditor
M/S BOD Ebrahim & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 38.00 45.74 21.14 33.44 7

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Caustic soda Liquid chlorine Hydrocloric acid

Units
M. Tons M. Tons M. Tons

Capacity
143,550 13,220 150,000

Actual Production
95,448 7,758 133,680

316

Leiner Pak Gelatine Ltd.

17/G Gulberg-2, GPO Box No.415, Lahore.

Management
Khwaja Imtiaz Ahmed(M.D. / C.E.O.) Khwaja Ahmed Hussan(Director) Khwaja Ibrar Ahmed(Director) Khwaja Ijaz Ahmed(Director) Khwaja Muhammad Kamran(Director) Khwaja Umer Riaz(Director) Mr. Iqbal Dossa(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 12 31st October , 2009 30th June , 2009 Bank al-Habib United Bank Ltd.

Banker

Auditor
M/S M. Almas & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 38.44 68.00 38.44 53.22 4

Production Desc
DI-Calcium Phosphate Gelatine (blended/unblended)

Units
M. Tons M. Tons

Capacity
15,000 3,000

Actual Production
4,713 1,043

Lotte Pakistan PTA Ltd.(Pakistan PTA Ltd.)

EZ/1/P-4 Eastern Industrial Zone, Port Qasim, Karachi.

Management
Mr. Nak Yong Lee(Chairman) Mr. M. Asif Saad(Chief Executive) Mr. Oh Hun Im(Director) Mr. Muhammad Qasim Khan(Director) Mr. Byung Yun Lim(Director) Mr. Tajammul Hussain Bokharee(Director) Mrs. Aliya Yusuf(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 5

Banker
Askari Commerial Bank Ltd. Standard Chartered Bank ( Pakistan) Ltd. Citibank N.A. Deutsche Bank AG MCB Bank Ltd. HSBC Bank Middle East Limited National Bank Of Pakistan 25th March , 2010 Face Value

Auditor
KPMG Taseer Hadi & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 7.83 8.19 1.59 3.93 13

31st December , 2009

Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Polyester staple fibres

Units
M. Tons

Capacity
506,750

Actual Production
506,750

317

Nimir Industrial Chemicals Ltd.

Plot No.51-N, Industrial Area, Gulberg-II, Lahore

Management
Mr. Louis Tucker Link(Chairman) Mr. Zafar Mahmood(Chief Executive) Mr. Imran Afzal(Director) Mr. Sh. Amar Hameed(Director) Mr. Abdul Jalil Jamil(Director) Mr. Umer Iqbal(Director) Mr. Saeed-uz-Zaman(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 29th October , 2009 30th June , 2009 Bank Of Punjab

Banker
Samba Bank Limited Silk Bank Ltd. MCB Bank Ltd.

Auditor
M/S Ford Rhodes Sidat Hyder & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

5.00 1.38 3.69 1.00 2.00

Production Desc
Oleo Chemicals Caustic Soda

Units
M. Tons M. Tons

Capacity
24,000 31,350

Actual Production
14,013 29,421

Otsuka Pakistan Ltd.

Plot No.30-B, Sindh Muslim Co-operative Housing Society, Karachi-74400.

Management
Mr. Minoru Okamoto(Chairman) Mr. Abid Hussain(Chief Executive) Mr. Takaharu Imai(Director) Mr. Suseno Surjoseputro(Director) Mr. Nazimuddin Feroz(Director) Mr. Kiyoshi Fukai(Director) Mr. Mehtabuddin Feroz(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 15 14th October , 2009 30th June , 2009 Habib Bank Ltd. MCB Bank Ltd. Bank Alflah Limited

Banker
Allied Bank Of Pakistan Ltd.

Auditor
M/S A. F. Ferguson & Co.

The Bank Of Tokyo Mitsubishi Ltd. National Bank of Pakistan.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 35.70 78.85 31.25 43.31 3

Production Desc
I.V. Solution Plastic Ampoules

Units
Million bottles Million bottles

Capacity
31.5 8.0

Actual Production
31.4 6.9

318

Pakistan Gum & Chemicals Ltd.

B-19/A Irshad Qadri Road, S.I.T.E., Karachi-75700.

Management
Mr. Mohammad Moonis(Chairman) Mr. Shoaib Ahmad(Vice Chairman) Mr. Mohammad Ali Hanafi(Director) Mr. Ozair Ahmed Hanafi(Director) Mr. Zaeem Ahmed Hanafi(Director) Mr. Mohammad Aslam Hanafi(Director) Mr. Tariq Mohamed Amin(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 10 19th April , 2010 Habib Bank Ltd. MCB Bank Ltd.

Banker
Askari Commercial Bank Ltd.

Auditor
M/s. Fords Rhodes Sidat Hyder & Co.

Habib Metorpolitan Bank Ltd. My Bank Ltd.

Face Value Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 31.00 53.00 28.30 40.65 8

31st December , 2009

Production Desc
Seed processing

Units
M. Tons

Capacity
35,000

Actual Production
11,312

Pakistan PVC Ltd.

Shaffiabad, Gharo, District Thatta, Sindh

Management
Mr. Reyaz Shaffi(Chairman / C.E.O.) Mr. Ijaz Ahmad Khan(Director) Mr. Adeel Shaffi(Director) Mr. Asif Shaffi(Director) Mr. Arif Shaffi(Director) Mr. Mohammad Iqbal(Director) Mr. Adnan Shaffi(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th October , 2009 30th June , 2009 MCB Bank Ltd.

Banker
The Royal Bank of Scotland Ltd. United Bank Ltd.

Auditor
M/s. Mushtaq Ahmed & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 4.50 20.76 4.00 12.38

Production Desc
PVC pipes and fittings

Units
Thousand Meter

Capacity
7,752

Actual Production
128

319

Sanofi-Aventis Pakistan Ltd. (Aventis Pharma)

Plot No.23, Sector No.22, Korangi Industrial Area, Karachi

Management
Syed Babar Ali(Chairman) Mr. Tariq Wajid(Managing Director) Mr. Tariq Iqbal Khan(Director) Mr. J.L.Grunwald(Director) Mr. M.Z.Moin Mohajir(Director) Pir Ali Gohar(Director) Syed Hyder Ali(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 70 29th March , 2010 RBS Bank Ltd. Deutsche Bank A.G. Habib Bank Ltd. Citibank N. A.

Banker

Auditor
M/S Ford Rhodes Sidat Hyder & Co.

Standard Chartered Bank MCB Bank Ltd.

Face Value Market Price as on 31/12/2009 Highest Price in 2009 Lowest Price in Average Price in Investment Yield% 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 145.11 227.00 99.56 163.28 7

31st December , 2009

Production Desc
Pharma products

Units

Capacity

Actual Production

Sardar Chemical Industries Ltd.

No.29-B, Road No.1, Gadoon Amazai Industrial Estate, Topi, Ganduf Road, Swabi. Khyber Paktoonkhua

Management
Sardar Mahmood Sadiq(Chief Executive) Mr. Fayyaz Ahmed Khan(Director) Mr. Iftikhar Ahmed Khan(Director) Mr. Sardar Ayaz Sadiq(Director) Mrs. Mona Mahmood(Director) Mrs. Reema Ayaz(Director) Mr. Shahid Aziz(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009

Banker
Allied Bank Of Pakistan Ltd. Askari Commercial Bank Ltd.

Auditor
M/s. Aslam Malik & Co.

Face Value Market Price as on 30/06/2009 Highest Price in 2009 Lowest Price in Average Price in Investment Yield% 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.95 4.75 1.95 3.35

Production Desc
Chemicals

Units
M. Tons

Capacity
660

Actual Production
321

320

Searle Pakistan Ltd.

1st Floor, NIC Building, Abbasi Shaheed Road, Off: Shahrah-e-Faisal, Karachi.

Management
Mr. Rashid Abdulla(Chairman / C.E.O.) Mr. S. Nadeem Ahmed(Managing Director) Mr. Munis Abdulla(Director) Mr. Shuja Malik(Director) Mr. Khalid Malik(Director) Mr. Asad Abdulla(Director) Mr. Abdul Hamid Dagia(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 15 28th October , 2009 30th June , 2009 Citi Bank N. A.

Banker
Habib Metropolitan Bank Ltd. The Royal Bank of Scotland Ltd. Habib Bank Ltd. National Bank Of Pakistan Standard Chartered Bank ( Pakistan) Ltd.

Auditor
M/s. Anjum Asim Shahid Rahman & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 44.55 92.00 40.01 59.42 3

Production Desc
Liquid Tablets Capsules

Units
bottles Numbers Numbers

Capacity
17,600 680,000 55,000

Actual Production
32,899 1,075,430 59,020

Shaffi Chemical Industries Ltd.

Plot # 2,Gadoon Amazai Industrial Estate, Swabi, Khyber Pakhtunkhua

Management
Mr. Waqar A.Shaffi(Chairman / C.E.O.) Mr. Mohib Hussain(Director) Mr. Muhammad Sameer(Director) Mr. Zahoor Ahmed(Director) Mr. Shariq Iftikhar(Director) Mr. Sohail Malik(Director) Mr. Hashim Aslam Butt(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th October , 2009 30th June , 2009 Silk Bank Ltd.

Banker
Allied Bank Of Pakistan Ltd. Habib Metropolitan Bank Limted Askari Commercial Bank Ltd. Standard Chartered Bank Ltd.

Auditor
M/s. M.A.Tabussum & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 5.20 7.69 3.60 4.16

Production Desc
DOP Plant LITH Ditex Binder Plant & Super Bond

Units
Tons Tons

Capacity
17,500 2,060

Actual Production
0 1,874

321

Sitara Chemical Industries Ltd.

601-602, Business Centre, Mumtaz Hasan Road,Karachi.

Management
Haji Bashir Ahmed(Chairman) Mr. Mohammad Adrees(Chief Executive) Mr. Imran Ghafoor(Director) Mr. Javed Iqbal(Director) Mr. Mohammad Anis(Director) Mr. Rashid Zahir (SPAICL)(Director) Mr. Haseeb Ahmed(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 75

Banker
Albaraka Islamic Bank Allied Bank Of Pakistan Ltd. Askari Bank Ltd. The Bank Of Punjab MCB Bank Ltd. Faysal Bank Ltd. Habib Bank Ltd. 29th October , 2009 30th June , 2009 Face Value

Auditor
M/S M. Yousuf Adil Saleem & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 156.00 264.90 114.26 174.98 4

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Caustic Soda Sodium Hypochlorite Bleaching Powder

Units
metric tons metric tons metric tons

Capacity
178,200 66,000 7,500

Actual Production
146,601 37,793 4,401

Sitara Peroxide Limited

601-602, Business Centre, Mumtaz Hasan Road, Karachi.

Management
Mr. Haji Bashir Ahmed(Chairman) Mr. Imran Ghafoor(Chief Executive) Mr. Javed Iqbal(Director) Mr. Muhammad Adrees(Director) Mr. Muhammad Anis(Director) Mrs. Noureen Javed(Director) Mrs. Sharmeen Imran(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Askari Bank Ltd. Bank Al Falah Ltd. Faysal Bank Ltd. Habib Bank Ltd. Meezan Bank Ltd.

Banker

Auditor
M/s. M. Yousuf Adil Saleem & Co.

Natioanl Bank of Paksitan Silk Bank Ltd. 31st October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 18.44 53.78 15.01 26.22

Production Desc
Hydrogen Peroxide

Units
Tons

Capacity
30,000

Actual Production
18,045

322

Wah Nobel Chemicals Ltd.

Wah Noble Chemicals, G. T. Road, Wah Cantt.

Management
Lt. Gen. Shujaat Zamir Dar(Chairman) Mr. Torbjorn Saxmo(Vice Chairman) Syed Naseem Raza(Director) Mr. Shahid Aziz(Director) Mr. Feroze Khan Malik(Director) Mr. Khalid Pervaiz(Director) Mr. Riaz Ahmad(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 50 27th October , 2009 30th June , 2009 Bank Al Habib Ltd. MCB Bank Ltd. Allied Bank Ltd.

Banker

Auditor
M/s. Anjum Asim Shahid Rahman

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 58.45 63.65 37.25 47.85 10

Production Desc
Formaldehyde and formaline solvant Urea / phenol formaldehyde

Units
M. Tons M. Tons

Capacity
30,000 19,000

Actual Production
21,646 23,435

Wyeth Pakistan Ltd.

S-33, Hawksbay Road, S.I.T.E. (GPO Box # 167), Karachi.

Management
Mr. Iqbal Bengali(Chairman / C.E.O.) Khawaja Bakhtiar Ahmed(Director) Mr. Abdul Majeed(Director) Mr. Badaruddin F. Vellani(Director) Mr. Abdul Naseer(Director) Mr. Maqbool H. H. Rahimtoola (NIT)(Director) () Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 50 24th March , 2010 Citibank N.A.

Banker
The Royal Bank of Scotland Ltd.

Auditor
M/s. Taser Hadi & Co.

Face Value Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

100.00 1,290.60 2,470.00 1,090.41 1,776.94

31st December , 2009

Production Desc
Pharma products

Units

Capacity

Actual Production

323

Engineering Sector

Engineering Sector
Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

7223.1 23270.8 30493.9 0.0 296.0 5927.5 6223.5 36717.4

2005
8313.2 31278.4 39591.6 605.0 221.9 7199.3 8026.2 47617.8

2006
8738.8 41639.6 50378.4 605.0 147.8 8980.0 9732.8 60111.2

2007
9966.6 54799.5 64766.1 605.0 73.7 11247.6 11926.3 76692.4

2008
11371.7 61777.0 73148.7 526.3 0.0 10680.8 11207.1 84355.8

2009
12780.7 63453.0 76233.7 536.3 0.0 11333.0 11869.3 88103.0

27015.7 38801.4 35606.3 35216.6 25713.5 27967.6 23007.7 32123.0 26322.6 25300.4 16518.0 22940.2 4008.0 6678.4 9283.7 9916.2 9195.5 5027.4 16798.1 20745.4 28212.1 33687.8 46308.9 48728.9 23183.8 33998.7 43528.7 41152.2 43704.5 42028.0 66997.6 93545.5 107347.1 110056.6 115726.9 118724.5 51414.1 71045.7 81119.7 77257.4 81861.3 93103.1 57637.6 79071.9 90852.5 89183.7 93068.4 104972.4 15583.5 22499.8 26227.4 32799.2 33865.6 25621.4 15796.1 28885.0 27462.4 30415.2 32223.0 33240.1 -24398.4 -32244.3 -45513.4 -42040.8 -56147.8 -65135.5 34333.6 42835.7 54414.8 68095.4 77703.6 93354.8 21134.0 25117.9 33883.9 43893.3 50490.1 62481.7 2018.0 3315.3 3403.8 3982.4 4425.8 4547.7 88131.6 118663.4 141231.0 153949.9 166217.0 181206.2 139637.5 138285.1 1352.4 122465.6 17171.9 128362.3 13104.2 995.4 12108.8 4025.6 2608.7 240.6 9598.0 5474.5 4123.5 7492.5 11616.0 16.9 130.3 85.2 189.0 13.7 57.0 64.5 422.2 91.9 7.6 0.7 6.3 33.2 4.3 39.7 309.9 8.6 8.7 16.8 11.2 12.5 158.4 9.1 41.0 42.2 203924.0 201377.7 2546.3 182892.8 21031.2 190693.8 16572.0 1529.3 15042.7 4368.4 2281.8 568.2 10900.4 8392.5 2507.9 11707.8 14215.7 16.9 131.7 83.8 199.7 12.7 77.0 82.4 476.2 93.5 9.2 0.7 5.3 29.0 4.1 38.0 467.8 5.8 7.4 18.1 12.8 15.5 171.9 7.7 46.0 47.6 255490.8 253376.7 2114.1 227154.2 28336.6 237018.3 23986.0 2823.2 21162.8 6988.2 6460.0 1233.4 12493.4 7714.6 4778.8 11118.4 15897.2 16.2 132.3 78.7 180.3 15.0 61.7 69.9 576.5 92.8 11.8 1.1 10.3 33.0 5.7 42.0 219.4 12.8 8.3 24.2 16.2 8.5 180.9 33.7 25.3 57.6 271839.2 269228.0 2611.2 242814.3 29024.9 254106.2 22901.7 3865.1 19036.6 6127.0 4451.5 657.8 16581.2 8458.1 8123.1 12440.5 20563.6 15.6 142.5 89.2 137.7 12.4 51.0 60.5 649.8 93.5 16.9 1.4 12.7 32.2 6.5 29.4 290.0 6.9 7.0 19.1 13.0 11.2 176.6 -21.1 6.4 65.0 282886.6 278905.1 3981.5 256452.9 26433.7 268549.9 19174.4 4543.4 14631.0 4517.8 3925.3 527.0 7663.4 6187.9 1475.5 10613.7 12089.2 13.3 141.4 88.0 127.2 8.8 80.7 87.8 643.3 94.9 23.7 1.6 14.1 30.9 9.1 20.0 257.6 5.4 5.2 12.9 8.9 10.2 170.2 -32.5 4.1 64.3 244227.9 218786.9 25441.0 219856.7 24371.2 233665.4 13312.4 5657.5 7654.9 4245.8 4226.4 410.6 3747.2 -817.3 4564.5 3730.4 8294.9 13.5 127.5 82.4 137.7 4.2 -21.8 45.0 596.5 95.7 42.5 2.3 17.0 55.5 11.4 10.0 80.7 5.5 3.1 6.0 2.7 8.9 134.8 -53.5 -13.7 59.6

326

Engineering

Operating, Financial & Investment Ratios

250
200 150
%

100 50 0

2004

2005 Gearing ratio

2006 Debt equity ratio

2007 Current ratio

2008

2009

Ados Pakistan Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

65.8 -7.5 58.3 0.0 0.0 0.0 0.0 58.3 26.9 26.9 0.0 46.2 3.3 76.4 56.1 56.1 20.3 0.0 -29.2 101.4 38.0 4.4 114.4 81.2 81.2 0.0 66.1 15.1 80.0 2.5 1.1 1.4 0.4 0.0 0.0 6.4 1.0 5.4 5.4 10.8 0.0 136.2 130.3 96.2 1.2 15.6 50.0 88.6 98.5 44.0 1.4 28.6 0.0 2.4 0.0 1.7 0.2 0.2 10.5 71.0 -300.0 21.6 8.9

2005
65.8 4.8 70.6 0.0 0.0 0.0 0.0 70.6 15.9 15.9 0.0 59.2 3.3 78.4 45.7 45.7 32.7 0.4 -29.8 105.6 38.0 4.2 116.4 298.4 298.4 0.0 262.9 35.5 290.0 10.5 1.1 9.4 1.5 0.0 0.0 12.3 7.9 4.4 12.1 16.5 0.0 171.6 164.3 64.7 8.1 64.2 73.3 107.3 97.2 10.5 0.4 275.0 16.0 12.3 13.3 0.0 3.2 1.4 1.2 11.1 256.4 600.0 267.5 10.7

2006
65.8 9.8 75.6 0.0 0.0 0.0 0.0 75.6 34.8 34.8 0.0 190.5 3.3 228.6 188.9 188.9 39.7 0.0 -154.1 0.0 36.0 0.0 264.6 359.7 359.7 0.0 323.9 35.8 348.1 13.6 0.8 12.8 1.8 0.0 0.0 5.0 11.0 -6.0 11.0 5.0 0.0 121.0 119.3 249.9 4.8 220.0 220.0 114.9 96.8 5.9 0.2 0.0 14.1 45.5 16.9 0.0 0.0 3.6 1.9 1.7 0.0 135.9 35.7 20.5 11.5

2007
65.8 4.0 69.8 0.0 0.0 0.0 0.0 69.8 263.8 263.8 0.0 77.7 3.3 344.8 313.0 313.0 31.8 0.0 -49.2 112.3 38.1 4.3 382.9 790.6 790.6 0.0 702.6 88.0 768.7 24.4 1.2 23.2 6.2 0.0 0.0 -5.8 17.0 -22.8 21.3 -1.5 0.0 110.2 109.1 448.4 6.1 -293.1 -1420.0 106.1 97.2 4.9 0.2 0.0 26.7 8.3 33.2 0.0 0.0 2.9 3.5 2.6 11.9 206.5 84.2 119.8 10.6

2008
65.8 11.8 77.6 0.0 0.0 0.0 0.0 77.6 130.4 114.4 16.0 21.5 128.5 280.4 243.4 243.4 37.0 0.0 -113.0 119.4 40.7 4.7 321.1 337.0 337.0 0.0 284.8 52.2 328.2 13.1 0.7 12.4 6.0 0.0 0.0 7.8 6.4 1.4 11.1 12.5 0.0 115.2 62.4 313.7 3.9 82.1 88.8 117.9 97.4 5.3 0.2 0.0 48.4 38.1 16.0 0.0 0.0 3.7 1.9 1.0 12.3 105.0 -45.7 -57.4 11.8

2009
65.8 64.2 130.0 0.0 0.0 0.0 0.0 130.0 242.9 226.4 16.5 246.1 3.3 492.3 417.2 417.2 75.1 0.0 -174.3 139.0 54.9 5.5 547.2 795.8 795.8 0.0 647.2 148.6 729.3 77.1 0.7 76.4 21.8 13.2 0.0 52.4 41.4 11.0 46.9 57.9 0.0 118.0 117.2 320.9 14.0 79.0 81.0 197.6 91.6 0.9 0.1 0.0 28.5 25.9 58.8 413.6 10.2 9.6 11.6 8.3 13.5 145.4 510.5 136.1 19.8

328

Agriauto Industries Limited

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

120.0 219.5 339.5 0.0 0.0 0.0 0.0 339.5 137.8 52.8 85.0 200.4 151.5 489.7 227.4 227.4 262.3 0.8 -89.6 258.1 77.4 14.0 567.1 1281.8 1281.8 0.0 938.2 343.6 1003.7 279.8 0.5 279.3 101.0 3.6 0.0 145.8 174.7 -28.9 188.7 159.8 0.0 215.3 148.7 67.0 49.3 119.8 118.1 282.9 78.3 0.2 0.0 62.5 36.2 8.5 82.3 4952.8 1.1 21.8 23.3 14.9 17.2 226.0 161.8 84.0 28.3

2005
120.0 466.7 586.7 0.0 0.0 0.0 0.0 586.7 227.1 27.0 200.1 187.2 188.9 603.2 107.2 107.2 496.0 2.0 119.9 277.0 90.6 15.0 693.8 1455.7 1455.7 0.0 1095.6 360.1 1151.1 317.1 0.5 316.6 63.0 36.0 0.0 247.2 217.6 29.6 232.6 262.2 0.0 562.7 386.5 18.3 45.6 88.0 88.7 488.9 79.1 0.2 0.0 25.0 19.9 10.8 54.0 704.4 6.1 21.7 26.4 21.1 19.4 209.8 13.3 13.6 48.9

2006
120.0 720.3 840.3 0.0 0.0 11.8 11.8 852.1 388.2 35.3 352.9 200.2 312.5 900.9 175.9 187.7 725.0 17.0 212.3 319.8 127.1 19.1 1028.0 2029.0 2029.0 0.0 1496.4 532.6 1585.4 461.8 1.1 460.7 156.9 42.0 0.0 265.4 261.8 3.6 280.9 284.5 1.4 512.2 334.5 22.3 44.8 98.6 98.7 700.3 78.1 0.2 0.1 6.5 34.1 7.7 54.8 723.3 5.0 22.7 38.4 25.3 21.1 197.4 45.5 39.4 70.0

2007
120.0 920.4 1040.4 0.0 0.0 8.6 8.6 1049.0 475.2 49.3 425.9 269.3 310.1 1054.6 158.2 166.8 896.4 15.9 317.0 365.0 152.6 21.6 1207.2 2279.6 2279.6 0.0 1743.0 536.6 1844.7 468.7 2.5 466.2 156.0 42.0 0.0 196.9 268.2 -71.3 289.8 218.5 0.8 666.6 470.6 16.0 38.6 136.2 132.6 867.0 80.9 0.5 0.1 15.7 33.5 9.8 44.8 738.6 4.0 20.5 38.9 25.9 17.0 188.8 1.3 12.4 86.7

2008
120.0 1117.3 1237.3 0.0 0.0 2.7 2.7 1240.0 602.6 163.4 439.2 280.6 285.0 1168.2 231.6 234.3 936.6 11.0 371.0 530.8 303.4 21.1 1471.6 2484.9 2484.9 0.0 1973.0 511.9 2087.4 429.8 2.0 427.8 143.5 24.0 24.0 191.0 260.3 -69.3 281.4 212.1 0.2 504.4 381.3 18.9 29.1 136.3 132.7 1031.1 84.0 0.5 0.1 18.2 33.5 7.7 34.6 1184.6 1.9 17.2 35.7 23.7 13.8 168.9 -8.2 9.0 103.1

2009
144.0 1298.2 1442.2 0.0 0.0 2.6 2.6 1444.8 588.1 225.7 362.4 290.3 448.7 1327.1 226.8 229.4 1100.3 5.8 361.3 599.1 344.5 35.4 1671.6 2413.3 2413.3 0.0 1928.1 485.2 2055.5 406.7 4.7 402.0 115.9 57.6 0.0 204.8 228.5 -23.7 263.9 240.2 0.2 585.1 387.3 15.9 24.0 111.6 109.9 1001.5 85.2 1.2 0.2 81.0 28.8 9.8 27.9 496.7 4.0 16.7 27.9 19.9 11.7 144.4 -21.8 -2.9 100.2

329

Al-Ghazi Tractors Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

195.2 2469.6 2664.8 0.0 0.0 0.0 0.0 2664.8 3000.2 2050.2 950.0 447.1 648.0 4095.3 1515.4 1515.4 2579.9 0.0 1484.8 250.0 84.9 15.5 4180.2 6836.4 6836.4 0.0 5237.9 1598.5 5467.7 1490.5 6.2 1484.3 520.0 588.5 19.5 770.7 375.8 394.9 391.3 786.2 0.0 270.2 227.5 56.9 35.5 48.8 49.8 1365.2 80.0 0.4 0.1 35.0 0.7 55.7 163.9 22.1 21.7 76.0 49.4 7.3 163.5 6.3 23.5 136.5

2005
214.7 2909.1 3123.8 0.0 0.0 0.0 0.0 3123.8 5768.6 5017.3 751.3 578.2 740.1 7086.9 4121.7 4121.7 2965.2 0.0 1646.9 334.5 158.5 15.5 7245.4 7851.6 7851.6 0.0 6249.1 1602.5 6511.9 1643.1 7.5 1635.6 576.6 214.7 19.5 459.0 844.3 -385.3 859.8 474.5 0.0 171.9 154.0 131.9 22.6 183.9 181.2 1455.0 82.9 0.5 0.1 35.3 0.1 52.4 493.2 6.9 20.8 76.2 49.3 18.3 108.4 0.3 14.8 145.5

2006
214.7 3335.2 3549.9 0.0 0.0 0.0 0.0 3549.9 5668.9 5142.1 526.8 626.2 731.0 7026.1 3728.5 3728.5 3297.6 0.0 1940.4 433.9 252.2 16.9 7278.3 9148.3 9148.3 0.0 7513.2 1635.1 7800.0 1913.0 2.8 1910.2 645.0 3756.9 0.0 426.1 -2491.7 2917.8 -2474.8 443.0 0.0 188.4 168.8 105.0 26.2 -584.8 -558.6 1653.4 85.3 0.1 0.0 0.0 33.8 0.1 53.8 33.7 105.8 20.9 89.0 58.9 10.7 125.7 16.8 16.5 165.3

2007
214.7 3636.5 3851.2 0.0 0.0 0.0 0.0 3851.2 5403.4 4384.6 1018.8 470.3 708.7 6582.4 2976.1 2976.1 3606.3 0.0 2427.3 448.6 244.9 28.3 6827.3 9209.5 9209.5 0.0 7556.0 1653.5 7850.9 1917.5 3.0 1914.5 663.0 751.4 0.0 301.3 500.1 -198.8 528.4 329.6 0.0 221.2 197.4 77.3 28.0 166.0 160.3 1793.8 85.2 0.2 0.0 0.0 34.6 0.3 49.7 166.6 19.5 20.8 89.2 58.3 11.2 134.9 0.2 0.7 179.4

2008
214.7 4213.1 4427.8 0.0 0.0 0.0 0.0 4427.8 3795.8 3349.0 446.8 1123.4 1931.4 6850.6 2658.2 2658.2 4192.4 0.0 1137.6 457.8 235.5 27.2 7086.1 10241.9 10241.9 0.0 8664.1 1577.8 8955.7 1685.7 2.7 1683.0 562.0 751.4 0.0 576.6 369.6 207.0 396.8 603.8 0.0 257.7 185.1 60.0 23.8 64.1 65.7 2062.3 87.4 0.2 0.0 0.0 33.4 0.1 38.0 149.2 17.0 16.4 78.4 52.2 11.1 144.5 -12.1 11.2 206.2

2009
214.7 5205.2 5419.9 0.0 0.0 0.0 0.0 5419.9 3667.5 3522.5 145.0 2206.8 1253.7 7128.0 1960.8 1960.8 5167.2 0.0 1706.7 499.3 252.7 28.6 7380.7 15764.8 15764.8 0.0 13119.0 2645.8 13514.9 2661.0 2.2 2658.8 911.0 858.7 0.0 992.1 889.1 103.0 917.7 1020.7 0.0 363.5 299.6 36.2 36.0 89.6 89.9 2524.4 85.7 0.1 0.0 0.0 34.3 0.1 49.1 203.5 15.8 16.9 123.8 81.4 12.1 213.6 57.9 53.9 252.4

330

Atlas Battery Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

32.8 164.0 196.8 0.0 0.0 0.0 0.0 196.8 26.4 26.4 0.0 152.7 103.2 282.3 178.6 178.6 103.7 34.7 -152.2 209.2 93.2 12.8 375.5 793.7 751.0 42.7 620.2 173.5 706.4 121.8 4.1 117.7 26.8 19.7 13.1 64.9 71.2 -6.3 84.0 77.7 0.0 158.1 100.3 90.8 31.3 109.7 108.1 600.0 89.0 3.4 0.5 11.8 22.8 5.0 59.8 461.4 10.0 14.8 35.9 27.7 15.2 211.4 79.5 24.9 60.0

2005
46.0 193.6 239.6 0.0 0.0 60.0 60.0 299.6 32.6 32.6 0.0 109.9 211.7 354.2 205.7 265.7 148.5 150.3 -173.1 282.8 151.2 18.1 505.4 1230.5 1218.4 12.1 1072.9 157.6 1173.2 63.3 9.2 54.1 9.7 19.7 13.1 102.8 24.7 78.1 42.8 120.9 20.0 172.2 69.3 110.9 10.7 24.0 35.4 520.9 95.3 14.5 0.7 6.1 17.9 0.0 22.6 225.4 8.2 4.4 11.8 9.7 19.4 243.5 -67.1 55.0 52.1

2006
52.9 222.6 275.5 0.0 0.0 40.0 40.0 315.5 30.6 30.3 0.3 74.6 218.0 323.2 247.5 287.5 75.7 147.0 -216.9 392.2 239.7 25.3 562.9 1564.0 1556.3 7.7 1375.0 189.0 1490.1 84.0 17.9 66.1 6.1 13.8 6.9 15.9 46.2 -30.3 71.5 41.2 12.7 130.6 42.5 104.4 11.7 290.6 173.5 520.8 95.3 21.3 1.1 12.2 9.2 2.9 24.0 434.8 5.0 4.2 12.5 11.3 16.7 277.8 5.9 27.1 52.1

2007
60.8 275.2 336.0 0.0 0.0 0.0 0.0 336.0 37.5 37.5 0.0 100.6 306.2 444.3 419.2 419.2 25.1 171.2 -381.7 491.5 311.0 33.9 755.3 2065.4 2063.2 2.2 1773.8 291.6 1922.4 144.3 22.0 122.3 26.5 36.5 46.6 20.5 59.3 -38.8 93.2 54.4 0.0 106.0 32.9 124.8 16.2 289.3 171.3 552.6 93.1 15.2 1.1 12.9 21.7 2.5 36.4 262.5 10.9 5.9 20.1 15.8 14.1 273.5 60.8 32.1 55.3

2008
69.9 510.2 580.1 0.0 0.0 0.0 0.0 580.1 49.3 49.3 0.0 228.9 410.7 688.9 626.6 626.6 62.3 313.0 -577.3 680.7 517.9 35.7 1206.8 3376.6 3376.6 0.0 2989.7 386.9 3172.8 205.7 41.5 164.2 59.5 52.4 0.0 244.1 52.3 191.8 88.0 279.8 0.0 109.9 44.4 108.0 13.6 21.4 31.5 829.9 94.0 20.2 1.2 13.3 36.2 2.3 28.3 199.8 9.0 4.9 23.5 15.0 11.5 279.8 16.9 63.5 83.0

2009
69.9 635.4 705.3 0.0 0.0 0.0 0.0 705.3 28.9 28.9 0.0 201.4 434.6 664.9 594.8 594.8 70.1 103.6 -565.9 888.5 635.3 43.1 1300.2 3156.8 3153.6 3.2 2626.7 530.1 2842.5 316.4 43.5 272.9 74.7 69.9 14.0 125.2 128.3 -3.1 171.4 168.3 0.0 111.8 38.7 84.3 21.0 102.5 101.8 1009.0 90.0 13.7 1.4 42.0 27.4 2.8 38.7 283.5 9.9 8.6 39.0 28.4 8.3 242.8 66.0 -6.5 100.9

331

Atlas Engineering Ltd. (Allwin Engineering Industries Ltd.)

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

49.3 174.4 223.7 0.0 0.0 49.4 49.4 273.1 29.1 29.1 0.0 95.9 69.2 194.2 223.6 273.0 -29.4 147.0 -194.5 553.7 302.4 18.6 496.6 582.4 582.4 0.0 490.9 91.5 535.2 47.8 10.9 36.9 2.5 4.9 0.0 46.7 29.5 17.2 48.1 65.3 18.1 86.9 55.9 122.0 7.4 63.2 73.7 453.8 91.9 22.8 1.9 7.4 6.8 5.9 16.5 702.0 2.2 6.3 7.5 7.0 6.9 117.3 167.9 32.8 45.4

2005
123.4 140.3 263.7 0.0 0.0 166.0 166.0 429.7 6.9 6.9 0.0 86.5 117.7 211.1 284.7 450.7 -73.6 298.2 -277.8 776.7 503.3 23.2 714.4 796.2 796.2 0.0 673.6 122.6 721.3 84.7 14.8 69.9 3.5 12.3 0.0 156.6 54.1 102.5 77.3 179.8 38.6 74.1 32.8 170.9 9.8 34.5 43.0 213.7 90.6 17.5 1.9 5.0 5.0 5.0 26.5 539.8 4.7 8.8 5.7 5.4 7.7 111.5 -24.0 36.7 21.4

2006
123.4 146.2 269.6 0.0 0.0 169.1 169.1 438.7 13.6 13.6 0.0 89.6 207.8 311.0 464.4 633.5 -153.4 400.9 -450.8 908.7 592.0 44.9 903.0 1114.7 1114.7 0.0 976.5 138.2 1022.4 92.8 35.7 57.1 4.7 12.3 0.0 9.0 40.1 -31.1 85.0 53.9 38.5 67.0 22.2 235.0 6.3 445.6 157.7 218.5 91.7 38.5 3.2 8.9 8.2 2.7 21.2 426.0 4.6 5.1 4.6 4.2 8.9 123.4 -19.3 40.0 21.8

2007
123.4 431.7 555.1 0.0 0.0 120.8 120.8 675.9 10.1 10.1 0.0 82.8 154.6 247.5 460.9 581.7 -213.4 400.6 -450.8 1258.1 889.3 53.8 1136.8 1087.8 1087.8 0.0 1010.1 77.7 1059.1 37.5 53.0 -15.5 4.6 0.0 0.0 237.2 -20.1 257.3 33.7 291.0 17.9 53.7 20.2 104.8 -1.4 -8.5 11.6 449.8 97.4 141.3 4.9 13.2 -29.7 0.0 -2.8 0.0 0.0 -1.4 -1.3 -1.6 9.1 95.7 -128.3 -2.4 45.0

2008
123.4 450.9 574.3 0.0 0.0 105.4 105.4 679.7 6.8 6.8 0.0 128.0 197.5 332.3 528.7 634.1 -196.4 412.3 -521.9 1286.8 876.1 53.4 1208.4 1411.7 1411.7 0.0 1269.9 141.8 1328.5 83.6 53.9 29.7 0.0 9.3 0.0 3.8 20.4 -16.6 73.8 57.2 15.5 62.9 25.5 110.4 2.5 536.8 129.0 465.4 94.1 64.5 3.8 13.1 0.0 3.1 5.2 319.4 1.6 2.1 2.4 2.4 6.0 116.8 -284.6 29.8 46.5

2009
246.7 394.4 641.1 0.0 0.0 82.7 82.7 723.8 5.1 5.1 0.0 214.9 120.6 340.6 426.3 509.0 -85.7 281.4 -421.2 1252.3 809.7 50.7 1150.3 1135.2 1135.2 0.0 1071.0 64.2 1134.5 7.1 66.4 -59.3 0.0 0.0 0.0 44.1 -59.3 103.4 -8.6 94.8 11.4 79.9 51.6 79.4 -5.2 -134.5 -9.1 259.9 99.9 935.2 5.8 23.6 0.0 11.0 -9.2 0.0 0.0 -5.2 -2.4 -2.4 5.8 98.7 -200.0 -19.6 26.0

332

Atlas Honda Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

204.4 1308.1 1512.5 0.0 0.0 415.0 415.0 1927.5 751.5 227.1 524.4 668.3 1285.0 2704.8 2182.9 2597.9 521.9 535.0 -1431.4 2258.5 1405.6 263.5 4110.4 11460.6 11460.6 0.0 10226.4 1234.2 10649.5 861.8 19.3 842.5 192.0 153.3 51.1 700.1 497.2 202.9 760.7 963.6 21.5 123.9 65.0 171.8 20.5 71.0 78.9 740.0 92.9 2.2 0.2 3.6 22.8 0.6 55.7 424.3 10.1 7.4 41.2 31.8 46.5 278.8 29.6 42.1 74.0

2005
255.5 1836.8 2092.3 0.0 0.0 933.0 933.0 3025.3 1842.6 1432.4 410.2 773.7 1567.5 4183.8 3047.4 3980.4 1136.4 1165.0 -1204.8 3154.3 1888.7 422.7 6072.5 16855.2 16855.2 0.0 15511.0 1344.2 16019.7 1007.0 68.1 938.9 383.8 0.0 0.0 1097.8 555.1 542.7 977.8 1520.5 30.8 137.3 85.9 190.2 15.5 50.6 64.3 818.9 95.0 6.8 0.4 5.8 40.9 0.8 44.9 0.0 0.0 5.6 36.7 21.7 30.1 277.6 -10.9 47.1 81.9

2006
357.6 2278.7 2636.3 0.0 0.0 1590.1 1590.1 4226.4 1026.5 682.1 344.4 1038.2 1937.7 4002.4 3374.6 4964.7 627.8 1977.3 -2348.1 5247.9 3598.7 399.1 7601.1 20547.2 20547.2 0.0 18917.5 1629.7 19521.6 1198.6 151.6 1047.0 138.0 214.6 53.6 1201.1 694.4 506.7 1093.5 1600.2 37.6 118.6 61.2 188.3 13.8 57.8 68.3 737.2 95.0 12.6 0.7 7.7 13.2 1.4 39.7 423.6 8.1 5.1 29.3 25.4 21.1 270.3 -20.2 21.9 73.7

2007
411.3 2540.2 2951.5 0.0 0.0 1109.3 1109.3 4060.8 1784.6 919.6 865.0 1079.9 1580.9 4445.4 3951.5 5060.8 493.9 1575.1 -2166.9 5621.8 3566.9 459.2 8012.3 19601.1 19601.1 0.0 18037.3 1563.8 18678.9 1072.9 269.3 803.6 98.0 246.8 61.7 -165.6 458.8 -624.4 918.0 293.6 27.3 112.5 72.5 171.5 10.0 -277.1 312.7 717.6 95.3 25.1 1.4 17.1 12.2 1.4 27.2 285.9 8.4 4.1 19.5 17.2 12.8 244.6 -33.4 -4.6 71.8

2008
473.0 2916.4 3389.4 0.0 0.0 697.5 697.5 4086.9 1895.4 504.1 1391.3 1555.7 1862.1 5313.2 4603.0 5300.5 710.2 1134.3 -2707.6 5867.6 3376.6 459.1 8689.8 24301.7 24301.7 0.0 22745.2 1556.5 23309.3 1256.3 252.1 1004.2 298.0 307.4 0.0 26.1 398.8 -372.7 857.9 485.2 17.1 115.4 75.0 156.4 11.6 1528.0 176.8 716.6 95.9 20.1 1.0 22.2 29.7 1.7 29.6 229.7 9.1 4.1 21.2 14.9 12.9 279.7 8.7 24.0 71.7

2009
473.0 2831.7 3304.7 0.0 0.0 375.0 375.0 3679.7 1092.2 636.4 455.8 1171.3 1792.0 4055.5 3788.8 4163.8 266.7 765.0 -2696.6 6145.3 3412.9 308.9 7468.4 13747.8 13747.8 0.0 12782.2 965.6 13233.0 604.5 251.8 352.7 104.4 141.9 70.9 -407.2 106.4 -513.6 415.3 -98.3 10.2 107.0 59.7 126.0 4.7 -26.1 -422.5 698.7 96.3 41.7 1.8 32.9 29.6 2.3 10.7 175.0 4.3 2.6 7.5 5.2 9.1 184.1 -64.6 -43.4 69.9

333

Baluchistan Wheels Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

116.0 181.7 297.7 0.0 0.0 4.3 4.3 302.0 96.2 86.3 9.9 193.7 112.4 402.3 240.4 244.7 161.9 155.8 -144.2 517.0 140.2 17.1 542.5 615.0 610.7 4.3 492.3 122.7 541.7 76.0 3.4 72.6 22.6 17.4 0.0 31.3 32.6 -1.3 49.7 48.4 1.4 167.3 120.6 82.2 13.4 104.2 102.7 256.6 88.1 4.5 0.6 2.2 31.1 12.9 24.4 287.4 5.8 11.8 6.3 4.3 11.8 113.4 103.2 47.1 25.7

2005
116.0 284.6 400.6 0.0 0.0 24.5 24.5 425.1 35.4 26.7 8.7 153.6 232.1 421.1 164.8 189.3 256.3 50.4 -129.4 561.8 168.6 19.8 589.7 908.1 898.3 9.8 722.0 186.1 786.5 157.1 8.4 148.7 53.3 17.4 0.0 123.1 78.0 45.1 97.8 142.9 5.8 255.5 114.7 47.3 25.2 63.4 68.4 345.3 86.6 5.3 0.9 16.7 35.8 9.7 37.1 548.3 4.3 16.4 12.8 8.2 14.1 154.0 103.2 47.7 34.5

2006
133.3 395.8 529.1 0.0 0.0 47.7 47.7 576.8 100.1 97.7 2.4 170.6 319.4 590.1 251.7 299.4 338.4 63.3 -151.6 650.5 238.5 20.7 828.6 1332.2 1324.0 8.2 1028.2 304.0 1105.8 233.3 7.5 225.8 75.3 17.4 17.4 151.7 133.1 18.6 153.8 172.4 8.3 234.4 107.5 56.6 27.3 87.7 89.2 396.9 83.0 3.2 0.6 11.8 33.3 8.0 42.7 864.9 3.3 16.9 16.9 11.3 12.3 160.8 32.0 46.7 39.7

2007
133.3 490.5 623.8 0.0 0.0 64.7 64.7 688.5 71.5 69.0 2.5 223.6 318.3 613.4 278.2 342.9 335.2 95.5 -206.7 793.2 353.2 28.9 966.6 1344.0 1323.1 20.9 1057.5 286.5 1139.5 211.0 14.8 196.2 26.3 26.7 0.0 111.7 143.2 -31.5 172.1 140.6 9.4 220.5 106.1 55.0 20.3 128.2 122.4 468.0 84.8 7.0 1.1 15.5 13.4 8.5 31.5 636.3 4.3 14.6 14.7 12.7 12.1 139.0 -13.0 0.9 46.8

2008
133.3 569.8 703.1 0.0 0.0 43.9 43.9 747.0 129.8 52.2 77.6 205.2 275.4 610.4 238.2 282.1 372.2 64.8 -108.4 852.9 374.8 1.3 985.2 1434.8 1402.8 32.0 1168.7 266.1 1262.7 181.1 10.8 170.3 54.3 16.7 0.0 58.5 99.3 -40.8 100.6 59.8 5.9 256.3 140.6 40.1 17.3 169.7 168.2 527.5 88.0 6.0 0.8 16.7 31.9 6.9 24.2 694.6 2.4 11.9 12.8 8.7 0.4 145.6 -12.9 6.8 52.7

2009
133.3 589.3 722.6 0.0 0.0 27.7 27.7 750.3 30.8 30.5 0.3 186.5 325.8 543.1 203.7 231.4 339.4 35.6 -172.9 932.3 411.0 43.4 954.1 1095.9 1050.4 45.5 963.7 132.2 1048.2 71.6 18.5 53.1 7.3 20.0 0.0 3.3 25.8 -22.5 69.2 46.7 3.7 266.6 106.7 32.0 5.6 781.8 148.2 542.1 95.6 25.8 1.7 52.0 13.7 8.4 7.3 229.0 2.8 4.8 4.0 3.4 11.6 114.9 -68.8 -23.6 54.2

334

Bela Automotives Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

58.0 60.7 118.7 0.0 0.0 42.6 42.6 161.3 1.3 1.3 0.0 69.4 20.8 91.5 79.6 122.2 11.9 81.0 -78.3 284.2 149.4 4.5 240.9 61.5 61.5 0.0 49.3 12.2 55.7 6.1 0.7 5.4 0.3 0.0 0.0 5.8 5.1 0.7 9.6 10.3 26.4 114.9 88.8 102.9 2.2 87.9 93.2 204.7 90.6 11.5 1.1 0.9 5.6 16.9 4.5 0.0 8.8 0.9 0.9 3.0 25.5 350.0 95.2 20.5

2005
58.0 119.0 177.0 0.0 0.0 47.2 47.2 224.2 2.3 2.3 0.0 78.0 21.1 101.4 84.2 131.4 17.2 84.6 -81.9 348.5 207.1 6.5 308.5 81.1 81.1 0.0 66.3 14.8 74.4 7.7 0.8 6.9 0.4 0.0 0.0 62.9 6.5 56.4 13.0 69.4 21.1 120.4 95.4 74.2 2.2 10.3 18.7 305.2 91.7 10.4 1.0 0.9 5.8 13.8 3.9 0.0 8.5 1.2 1.1 4.4 26.3 33.3 31.9 30.5

2006
58.0 123.2 181.2 0.0 0.0 45.2 45.2 226.4 2.0 2.0 0.0 86.2 23.8 112.0 89.4 134.6 22.6 82.7 -87.4 352.0 203.8 6.8 315.8 94.4 94.4 0.0 83.8 10.6 91.9 6.9 1.5 5.4 0.4 0.0 0.0 2.2 5.0 -2.8 11.8 9.0 20.0 125.3 98.7 74.3 1.7 227.3 131.1 312.4 97.4 21.7 1.6 1.8 7.4 13.8 3.0 0.0 0.0 5.7 0.9 0.9 3.3 29.9 -25.0 16.4 31.2

2007
58.0 124.6 182.6 0.0 0.0 44.4 44.4 227.0 1.3 1.3 0.0 85.6 26.5 113.4 87.1 131.5 26.3 82.3 -85.8 354.2 200.7 6.6 314.1 64.6 64.6 0.0 55.7 8.9 62.5 3.5 1.8 1.7 0.3 0.0 0.0 0.6 1.4 -0.8 8.0 7.2 19.6 130.2 99.8 72.0 0.5 233.3 111.1 314.8 96.7 51.4 2.8 2.2 17.6 18.6 0.9 0.0 0.0 2.6 0.3 0.2 3.2 20.6 -66.7 -31.6 31.5

2008
58.0 128.9 186.9 0.0 0.0 47.5 47.5 234.4 1.1 1.1 0.0 90.4 30.3 121.8 88.8 136.3 33.0 89.6 -87.7 361.4 201.3 6.5 323.1 84.5 84.5 0.0 71.3 13.2 78.1 6.6 2.0 4.6 0.4 0.0 0.0 7.4 4.2 3.2 10.7 13.9 20.3 137.2 103.0 72.9 1.4 56.8 77.0 322.2 92.4 30.3 2.4 2.2 8.7 16.3 2.5 0.0 0.0 5.4 0.8 0.7 3.2 26.2 166.7 30.8 32.2

2009
58.0 129.4 187.4 0.0 0.0 43.7 43.7 231.1 0.6 0.6 0.0 82.0 50.0 132.6 100.7 144.4 31.9 82.3 -100.1 365.0 199.3 6.4 331.9 41.7 41.7 0.0 32.6 9.1 40.3 1.9 1.3 0.6 0.0 0.0 0.0 -3.3 0.6 -3.9 7.0 3.1 18.9 131.7 82.0 77.1 0.2 -18.2 225.8 323.1 96.6 68.4 3.1 1.6 0.0 24.5 0.3 0.0 0.0 1.4 0.1 0.1 3.2 12.6 -87.5 -50.7 32.3

335

Bolan Castings Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

55.3 208.7 264.0 0.0 0.0 0.0 0.0 264.0 31.4 22.9 8.5 114.1 100.4 245.9 69.1 69.1 176.8 0.0 -37.7 348.0 87.2 11.2 333.1 636.7 636.7 0.0 531.4 105.3 554.3 83.9 0.6 83.3 29.7 27.6 0.0 39.3 26.0 13.3 37.2 50.5 0.0 355.9 210.6 26.2 25.0 66.2 73.7 477.4 87.1 0.7 0.1 35.7 8.1 31.6 194.2 10.5 13.1 15.1 9.7 12.2 191.1 -7.9 51.9 47.7

2005
55.3 203.3 258.6 0.0 0.0 0.0 0.0 258.6 31.4 22.9 8.5 114.1 100.4 245.9 74.6 74.6 171.3 0.0 -43.2 348.0 87.2 11.2 333.1 636.7 636.7 0.0 531.4 105.3 554.3 83.9 0.6 83.3 29.7 27.6 0.0 -5.4 26.0 -31.4 37.2 5.8 0.0 329.6 195.0 28.8 25.0 641.4 467.6 87.1 0.7 0.1 35.7 8.1 32.2 194.2 10.7 13.1 15.1 9.7 12.2 191.1 0.0 0.0 46.8

2006
55.3 282.9 338.2 0.0 0.0 121.2 121.2 459.4 53.9 37.2 16.7 175.3 125.3 354.5 98.7 219.9 255.8 164.7 -44.8 484.8 203.4 11.9 557.9 977.1 977.1 0.0 874.8 102.3 897.8 81.7 8.7 73.0 25.5 0.0 0.0 200.8 47.5 153.3 59.4 212.7 26.4 359.2 232.2 65.0 13.1 23.7 27.9 611.6 91.9 10.6 0.9 5.3 34.9 7.3 21.6 0.0 0.0 7.5 13.2 8.6 12.8 175.1 -12.6 53.5 61.2

2007
55.3 270.1 325.4 0.0 0.0 84.1 84.1 409.5 37.2 18.2 19.0 216.5 206.7 460.4 306.1 390.2 154.3 292.3 -268.9 551.6 255.2 17.7 715.6 1079.7 1079.7 0.0 991.1 88.6 1018.4 64.3 24.4 39.9 4.4 0.0 5.5 -49.9 35.5 -85.4 53.2 -32.2 20.5 150.4 82.9 119.9 5.6 -71.1 -165.2 588.4 94.3 37.9 2.3 8.3 11.0 9.4 12.3 0.0 0.0 3.7 7.2 6.4 8.7 150.9 -45.5 10.5 58.8

2008
60.8 274.2 335.0 0.0 0.0 50.3 50.3 385.3 6.1 6.1 0.0 391.0 157.7 554.8 421.7 472.0 133.1 360.7 -415.6 575.1 252.2 27.4 807.0 1310.9 1307.3 3.6 1196.9 114.0 1249.4 67.4 32.9 34.5 5.7 0.0 6.1 -24.2 28.8 -53.0 56.2 3.2 13.1 131.6 94.2 140.9 4.3 -119.0 1756.3 551.0 95.3 48.8 2.5 9.1 16.5 14.8 10.3 0.0 0.0 2.6 5.7 4.7 10.7 162.4 -20.8 21.4 55.1

2009
79.0 304.6 383.6 0.0 0.0 14.1 14.1 397.7 23.8 15.7 8.1 478.0 149.5 651.3 495.1 509.2 156.2 340.2 -471.3 587.9 241.4 27.7 892.7 1604.6 1604.6 0.0 1440.4 164.2 1513.8 109.8 56.8 53.0 2.3 0.0 15.8 12.4 50.7 -38.3 78.4 40.1 3.5 131.5 101.4 132.7 5.9 408.9 195.5 485.6 94.3 51.7 3.5 16.7 4.3 17.4 13.8 0.0 0.0 3.3 6.7 6.4 11.0 179.7 17.5 22.4 48.6

336

Crescent Steel & Allied Products Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

220.9 1295.6 1516.5 0.0 296.0 30.6 326.6 1843.1 1241.2 18.0 1223.2 275.9 240.5 1757.6 382.2 708.8 1375.4 482.8 859.0 1041.2 467.8 82.4 2225.4 1543.9 1543.9 0.0 1374.4 169.5 1497.1 347.2 20.4 326.8 18.5 77.3 19.8 644.1 231.0 413.1 313.4 726.5 17.7 459.9 396.9 46.7 14.7 35.9 43.1 686.5 97.0 5.9 1.3 4.2 5.7 2.3 21.5 398.8 5.1 21.2 14.8 14.0 20.1 69.4 -22.1 -11.2 68.7

2005
243.0 1585.2 1828.2 0.0 221.9 14.3 236.2 2064.4 1522.9 53.1 1469.8 373.0 194.3 2090.2 467.7 703.9 1622.5 469.7 1055.2 1089.5 441.8 82.6 2532.0 3080.2 3080.2 0.0 2708.3 371.9 2886.6 464.8 43.9 420.9 88.9 48.6 22.1 221.3 283.4 -62.1 366.0 303.9 11.4 446.9 405.4 38.5 16.6 128.1 120.4 752.3 93.7 9.4 1.4 9.3 21.1 4.3 23.0 683.1 2.7 13.7 17.3 13.7 17.7 121.7 16.9 99.5 75.2

2006
350.0 1686.6 2036.6 0.0 147.8 400.6 548.4 2585.0 1328.4 15.8 1312.6 577.2 468.5 2374.1 1128.7 1677.1 1245.4 1425.3 199.7 2074.4 1339.6 97.4 3713.7 1859.3 1859.3 0.0 1718.9 140.4 1859.4 345.4 82.9 262.5 4.1 0.0 48.6 520.6 258.4 262.2 355.8 618.0 21.2 210.3 168.8 82.3 7.1 49.6 57.6 581.9 100.0 24.0 4.5 5.8 1.6 4.0 12.9 0.0 0.0 14.1 7.5 7.4 22.0 50.1 -56.6 -39.6 58.2

2007
466.6 2733.3 3199.9 0.0 73.7 280.4 354.1 3554.0 2337.5 37.0 2300.5 418.0 633.5 3389.0 1141.7 1495.8 2247.3 974.4 1195.8 2204.7 1306.6 172.6 4695.6 3184.8 3184.8 0.0 2674.3 510.5 2946.5 855.8 128.5 727.3 4.1 140.0 46.7 969.0 583.2 385.8 755.8 1141.6 10.0 296.8 241.4 46.7 15.5 60.2 66.2 685.8 92.5 15.0 4.0 13.2 0.6 5.7 22.7 516.6 4.4 22.8 15.6 15.5 12.5 67.8 108.0 71.3 68.6

2008
513.3 2480.1 2993.4 0.0 0.0 168.1 168.1 3161.5 2745.3 8.2 2737.1 261.5 606.1 3612.9 1684.6 1852.7 1928.3 1474.5 1060.7 2296.3 1233.2 172.3 4846.1 4638.2 4638.2 0.0 3741.8 896.4 4002.5 779.7 153.0 626.7 164.0 154.0 51.3 -392.5 308.7 -701.2 481.0 -220.2 5.3 214.5 178.5 61.9 12.9 -78.6 -218.4 583.2 86.3 19.6 3.3 10.4 26.2 2.6 20.9 300.5 5.1 13.5 12.2 9.0 13.2 95.7 -21.8 45.6 58.3

2009
564.6 1980.4 2545.0 0.0 0.0 55.9 55.9 2600.9 1823.8 4.1 1819.7 444.0 616.4 2884.2 1508.0 1563.9 1376.2 1071.2 315.8 2462.5 1224.6 1.7 4108.8 3310.9 3310.9 0.0 2597.2 713.7 3255.0 98.6 203.6 -105.0 172.8 0.0 0.0 -560.6 -277.8 -282.8 -276.1 -558.9 2.1 191.3 150.4 61.4 -2.6 49.6 49.4 450.8 98.3 206.5 6.1 19.0 -164.6 2.5 -4.1 0.0 0.0 -3.2 -1.9 -4.9 0.1 80.6 -115.6 -28.6 45.1

337

Dadex Eternit Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

107.6 332.1 439.7 0.0 0.0 12.3 12.3 452.0 374.0 368.7 5.3 179.9 361.2 915.1 731.1 743.4 184.0 463.4 -357.1 693.1 268.1 66.1 1183.2 1141.5 1121.1 20.4 896.0 245.5 1076.2 73.9 4.1 69.8 43.0 32.3 0.0 18.4 -5.5 23.9 60.6 84.5 2.7 125.2 75.8 169.1 5.9 -29.9 71.7 408.6 94.3 5.5 0.4 0.9 61.6 7.6 15.9 83.0 7.3 6.1 6.5 2.5 32.0 96.5 18.2 34.7 40.9

2005
107.6 385.4 493.0 0.0 0.0 40.9 40.9 533.9 65.6 59.8 5.8 281.3 586.8 933.7 697.9 738.8 235.8 420.3 -632.3 817.4 298.0 88.0 1231.7 1527.6 1500.5 27.1 1223.8 303.8 1437.4 104.5 18.3 86.2 26.2 32.3 0.0 81.9 27.7 54.2 115.7 169.9 7.7 133.8 49.7 149.9 7.0 33.8 68.1 458.2 94.1 17.5 1.2 4.4 30.4 11.5 17.5 185.8 6.6 5.6 8.0 5.6 32.8 124.0 23.1 33.8 45.8

2006
107.6 361.2 468.8 0.0 0.0 17.1 17.1 485.9 7.6 2.3 5.3 324.8 815.8 1148.2 1006.3 1023.4 141.9 623.4 -998.7 906.3 344.0 43.9 1492.2 1550.5 1526.2 24.3 1255.7 294.8 1515.8 59.6 48.1 11.5 13.0 18.8 0.0 -48.0 -20.3 -27.7 23.6 -4.1 3.5 114.1 33.0 218.3 0.8 42.3 -575.6 435.7 97.8 80.7 3.1 7.7 113.0 11.5 2.5 -8.0 4.0 0.7 1.1 -0.1 14.7 103.9 -86.3 1.5 43.6

2007
107.6 384.6 492.2 0.0 0.0 0.0 0.0 492.2 11.2 9.9 1.3 254.0 734.9 1000.1 938.3 938.3 61.8 491.9 -927.1 1034.9 430.4 48.7 1430.5 1966.1 1940.7 25.4 1570.4 395.7 1866.9 116.8 66.9 49.9 11.3 32.3 0.0 6.3 6.3 0.0 55.0 55.0 0.0 106.6 28.3 190.6 3.5 100.0 100.0 457.4 95.0 57.3 3.4 13.6 22.6 6.4 10.1 119.5 6.6 2.5 4.6 3.6 14.2 137.4 318.2 26.8 45.7

2008
107.6 411.2 518.8 0.0 0.0 120.0 120.0 638.8 147.7 46.6 101.1 309.9 776.3 1233.9 1055.9 1175.9 178.0 491.6 -908.2 611.7 460.7 72.2 1694.6 2332.9 2306.6 26.3 1859.9 473.0 2197.1 175.8 95.8 80.0 10.0 43.1 0.0 146.6 26.9 119.7 99.1 218.8 18.8 116.9 43.3 226.7 4.7 18.3 45.3 482.2 94.2 54.5 4.1 19.5 12.5 5.4 15.4 162.4 8.3 3.4 7.4 6.5 16.8 137.7 60.9 18.7 48.2

2009
107.6 385.1 492.7 0.0 0.0 60.0 60.0 552.7 17.1 0.9 16.2 271.2 875.2 1163.5 1011.9 1071.9 151.6 592.2 -994.8 1117.1 401.1 68.5 1564.6 2189.9 2132.5 57.4 1675.3 514.6 2094.6 125.0 104.8 20.2 7.2 0.0 0.0 -86.1 13.0 -99.1 81.5 -17.6 10.9 115.0 28.5 217.6 1.3 -15.1 -463.1 457.9 95.6 83.8 4.8 17.7 35.6 5.2 4.1 0.0 0.0 0.9 1.9 1.2 15.5 140.0 -74.3 -6.1 45.8

338

Dewan Automotive Engineering Ltd. (Allied Motors Ltd.)

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

90.0 -96.7 -6.7 0.0 0.0 123.0 123.0 116.3 3.8 3.8 0.0 22.6 62.8 89.2 64.7 187.7 24.5 123.0 -60.9 164.9 91.8 9.2 181.0 32.2 32.2 0.0 48.7 -16.5 65.4 -32.6 5.7 -38.3 0.0 0.0 0.0 24.0 -38.3 62.3 -29.1 33.2 105.8 137.9 40.8 -21.2 -159.6 -87.7 -7.4 203.1 17.7 4.6 7.8 -118.9 -4.3 -4.3 9.6 17.8 4.9 17.1 -0.7

2005
90.0 -146.5 -56.5 0.0 0.0 0.0 0.0 -56.5 0.9 0.9 0.0 32.8 81.9 115.6 277.9 277.9 -162.3 0.0 -277.0 188.4 105.8 9.5 221.4 14.6 14.6 0.0 30.9 -16.3 52.2 -36.8 6.4 -43.2 0.1 0.0 0.0 -172.8 -43.3 -129.5 -33.8 -163.3 41.6 12.1 -19.5 -62.8 357.5 43.8 25.3 -295.9 -4.8 -4.8 10.3 6.6 11.6 -54.7 -6.3

2006
90.0 -252.2 -162.2 0.0 0.0 0.0 0.0 -162.2 31.0 31.0 0.0 91.3 212.7 335.0 615.4 615.4 -280.4 0.0 -584.4 188.4 118.2 12.6 453.2 131.1 131.1 0.0 184.0 -52.9 219.2 -87.6 8.4 -96.0 0.7 0.0 0.0 -105.7 -96.7 -9.0 -84.1 -93.1 0.0 54.4 19.9 0.0 -21.2 91.5 90.3 -180.2 167.2 -9.6 6.4 0.0 -0.7 1.9 0.0 0.0 0.0 -73.2 -10.7 -10.7 11.9 28.9 122.9 797.9 -18.0

2007
214.0 -528.1 -314.1 0.0 0.0 43.2 43.2 -270.9 87.7 47.7 40.0 775.8 414.8 1278.3 2183.2 2226.4 -904.9 70.0 -2095.5 870.0 634.1 63.0 1912.4 682.7 682.7 0.0 746.6 -63.9 890.5 -202.7 133.9 -336.6 3.2 0.0 0.0 -108.7 -339.8 231.1 -276.8 -45.7 0.0 58.6 39.6 0.0 -17.6 312.6 605.7 -146.8 130.4 -66.1 19.6 191.3 -1.0 3.2 0.0 0.0 0.0 -49.3 -15.7 -15.9 9.2 35.7 46.7 420.7 -14.7

2008
214.0 -716.6 -502.6 0.0 0.0 21.3 21.3 -481.3 41.7 41.7 0.0 660.2 283.6 985.5 2442.1 2463.4 -1456.6 348.0 -2400.4 1046.5 975.3 61.4 1960.8 628.7 628.7 0.0 682.2 -53.5 810.8 -185.9 120.1 -306.0 2.8 0.0 0.0 -210.4 -308.8 98.4 -247.4 -149.0 0.0 40.4 28.7 0.0 -15.6 146.8 166.0 -234.9 129.0 -64.6 19.1 34.5 -0.9 2.1 0.0 0.0 0.0 -48.7 -14.3 -14.4 9.7 32.1 -8.9 -7.9 -23.5

2009
214.0 -1297.1 -1083.1 0.0 0.0 0.0 0.0 -1083.1 108.9 6.0 102.9 208.4 242.6 559.9 2247.6 2247.6 -1687.7 97.8 -2138.7 714.5 604.6 66.4 1164.5 284.0 284.0 0.0 294.1 -10.1 728.1 -443.9 149.3 -593.2 0.0 0.0 0.0 -601.8 -593.2 -8.6 -526.8 -535.4 0.0 24.9 14.1 0.0 -50.9 98.6 98.4 -506.1 256.4 -33.6 52.6 152.7 0.0 8.7 0.0 0.0 0.0 -208.9 -27.7 -27.7 6.8 24.4 93.7 -54.8 -50.6

339

Dewan Farooque Motors Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

734.0 270.5 1004.5 0.0 0.0 150.0 150.0 1154.5 152.0 152.0 0.0 1066.7 1930.8 3149.5 3948.3 4098.3 -798.8 2108.9 -3796.3 2498.2 1953.4 156.6 5102.9 7685.8 7685.8 0.0 6980.0 705.8 7279.6 407.3 76.6 330.7 32.9 73.4 36.7 -126.3 224.4 -350.7 381.0 30.3 13.0 79.8 30.9 408.0 6.5 1257.4 136.9 94.7 18.8 1.0 3.6 9.9 3.1 32.9 405.7 7.3 4.3 4.5 4.1 8.3 150.6 60.7 38.9 13.7

2005
770.7 539.0 1309.7 0.0 0.0 566.7 566.7 1876.4 146.1 146.1 0.0 2298.5 1837.3 4281.9 4435.8 5002.5 -153.9 2382.0 -4289.7 2734.8 2030.2 159.7 6312.1 10294.2 10294.2 0.0 9241.2 1053.0 9647.1 648.5 137.2 511.3 43.9 73.4 0.0 721.9 394.0 327.9 553.7 881.6 30.2 96.5 55.1 382.0 8.1 54.6 62.8 169.9 93.7 21.2 1.3 5.8 8.6 2.3 39.0 636.8 5.6 5.0 6.6 6.1 8.2 163.1 46.7 33.9 17.0

2006
770.7 871.3 1642.0 0.0 0.0 706.4 706.4 2348.4 853.7 148.2 705.5 1963.2 2519.2 5336.1 5356.1 6062.5 -20.0 3690.8 -4502.4 3184.4 2368.5 172.7 7704.6 10636.1 10636.1 0.0 9535.6 1100.5 10028.5 608.6 291.6 317.0 117.4 115.6 0.0 472.0 84.0 388.0 256.7 644.7 30.1 99.6 52.6 369.2 4.1 17.8 39.8 213.1 94.3 47.9 2.7 7.9 37.0 7.0 19.3 172.7 7.0 3.0 4.1 2.6 8.5 138.0 -37.9 3.3 21.3

2007
770.7 913.0 1683.7 0.0 0.0 367.5 367.5 2051.2 862.6 87.9 774.7 2106.1 1567.6 4536.3 4836.0 5203.5 -299.7 2577.1 -3973.4 3357.4 2350.8 194.6 6887.1 8576.8 8576.8 0.0 7710.3 866.5 8121.2 481.2 382.0 99.2 36.2 0.0 0.0 -297.2 63.0 -360.2 257.6 -102.6 17.9 93.8 61.4 309.1 1.4 -21.2 -251.1 218.5 94.7 79.4 4.5 14.8 36.5 11.0 5.9 0.0 0.0 1.2 1.3 0.8 8.2 124.5 -68.3 -19.4 21.8

2008
770.7 289.3 1060.0 0.0 0.0 701.4 701.4 1761.4 90.6 90.6 0.0 2352.1 1234.2 3676.9 4091.2 4792.6 -414.3 2992.2 -4000.6 3378.2 2175.7 200.4 5852.6 6327.6 6327.6 0.0 6174.6 153.0 6607.0 -262.4 316.4 -578.8 27.3 0.0 0.0 -289.8 -606.1 316.3 -405.7 -89.4 39.8 89.9 59.7 452.1 -9.9 209.1 453.8 137.5 104.4 -120.6 5.0 10.6 -4.7 4.7 -54.6 0.0 0.0 -9.1 -7.5 -7.9 8.5 108.1 -676.9 -26.2 13.8

2009
889.7 -1361.1 -471.4 0.0 0.0 673.7 673.7 202.3 224.5 101.7 122.8 1534.5 746.8 2505.8 4294.6 4968.3 -1788.8 3164.4 -4070.1 3369.1 1991.2 181.7 4497.0 1557.0 1557.0 0.0 2382.1 -825.1 2973.2 -1404.3 105.7 -1510.0 0.0 0.0 0.0 -1559.1 -1510.0 -49.1 -1328.3 -1377.4 333.0 58.3 41.0 0.0 -33.6 96.9 96.4 -53.0 191.0 -7.5 6.8 3.3 0.0 1.9 0.0 0.0 0.0 -97.0 -17.0 -17.0 8.4 34.6 126.7 -75.4 -5.3

340

Dost Steels Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

-

2005
-

2006
-

2007
-

2008
-

2009
674.6 -52.9 621.7 0.0 0.0 386.3 386.3 1008.0 0.2 0.2 0.0 36.6 0.0 36.8 1040.4 1426.7 -1003.6 931.3 -1040.2 2017.3 2011.7 1.8 2048.5 0.0 0.0 0.0 0.0 0.0 13.0 -12.8 0.0 -12.8 0.0 0.0 0.0 -12.8 -11.0 38.3 3.5 3.5 229.5 -0.6 0.0 0.0 92.2 0.0 0.0 0.0 0.0 0.0 0.0 -2.1 0.0 0.0 0.0 -0.2 -0.2 0.1 0.0 -120.0 9.2

341

Exide Pakistan Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

54.1 294.2 348.3 0.0 0.0 80.0 80.0 428.3 101.4 75.9 25.5 119.8 232.0 453.2 329.3 409.3 123.9 292.0 -227.9 314.5 304.5 16.9 757.7 1491.1 1491.1 0.0 1245.4 245.7 1387.8 117.1 16.2 100.9 37.8 16.2 0.0 122.6 46.9 75.7 63.8 139.5 18.7 137.6 67.2 117.5 13.3 38.3 45.7 643.8 93.1 13.8 1.1 5.5 37.5 4.7 29.0 389.5 4.7 6.8 18.7 11.7 11.6 196.8 94.8 26.2 64.4

2005
54.1 348.0 402.1 0.0 0.0 64.0 64.0 466.1 79.5 54.0 25.5 133.0 353.7 566.2 398.9 462.9 167.3 302.2 -319.4 429.2 298.7 25.7 864.9 1888.2 1888.2 0.0 1619.2 269.0 1774.1 118.2 21.4 96.8 21.2 16.2 0.0 37.8 59.4 -21.6 85.1 63.5 13.7 141.9 53.3 115.1 11.2 157.1 134.0 743.3 94.0 18.1 1.1 7.1 21.9 4.8 24.1 466.7 4.0 5.1 17.9 14.0 8.4 218.3 -4.3 26.6 74.3

2006
54.1 617.0 671.1 0.0 0.0 80.0 80.0 751.1 90.2 64.7 25.5 146.2 410.5 646.9 402.1 482.1 244.8 281.1 -311.9 637.9 506.2 29.2 1153.1 1853.6 1853.6 0.0 1591.3 262.3 1728.2 129.1 31.7 97.4 41.4 8.1 0.0 285.0 47.9 237.1 77.1 314.2 10.7 160.9 58.8 71.8 8.4 16.8 24.5 1240.5 93.2 24.6 1.7 11.3 42.5 5.6 14.5 691.4 1.2 5.3 18.0 10.4 9.8 160.7 0.6 -1.8 124.0

2007
54.1 695.1 749.2 0.0 0.0 60.0 60.0 809.2 93.4 60.9 32.5 151.3 556.1 800.8 494.1 554.1 306.7 370.5 -400.7 667.3 502.4 35.4 1303.2 2807.8 2807.8 0.0 2442.2 365.6 2632.4 180.1 41.3 138.8 52.5 13.5 0.0 58.1 72.8 -14.7 108.2 93.5 7.4 162.1 49.5 74.0 10.7 125.3 115.7 1384.8 93.8 22.9 1.5 11.1 37.8 3.1 18.5 639.3 1.8 4.9 25.7 16.0 7.0 215.5 42.8 51.5 138.5

2008
54.1 824.9 879.0 0.0 0.0 100.0 100.0 979.0 121.2 121.0 0.2 304.2 1014.5 1439.9 1060.7 1160.7 379.2 645.2 -939.5 917.8 599.7 40.2 2039.6 3022.3 3022.3 0.0 2661.0 361.3 2843.6 192.3 49.1 143.2 41.8 16.2 0.0 169.8 85.2 84.6 125.4 210.0 10.2 135.7 40.1 132.0 7.0 50.2 59.7 1624.8 94.1 25.5 1.6 7.6 29.2 5.6 16.3 625.9 1.8 4.7 26.5 18.7 8.0 148.2 3.1 7.6 162.5

2009
54.1 671.9 726.0 0.0 0.0 20.0 20.0 746.0 234.9 234.7 0.2 270.1 859.9 1364.9 1290.6 1310.6 74.3 534.7 -1055.7 1058.5 671.7 72.0 2036.6 5630.4 5630.4 0.0 5009.8 620.6 5369.8 264.6 82.5 182.1 64.3 27.0 0.0 -233.0 90.8 -323.8 162.8 -161.0 2.7 105.8 39.1 180.5 8.9 -39.0 -101.1 1342.0 95.4 31.2 1.5 15.4 35.3 2.9 25.1 436.3 3.7 3.2 33.7 21.8 12.0 276.5 27.2 86.3 134.2

342

General Tyre & Rubber Co. Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

597.7 587.2 1184.9 0.0 0.0 153.1 153.1 1338.0 46.0 44.8 1.2 730.7 655.2 1431.9 632.9 786.0 799.0 190.1 -586.9 1027.9 539.0 62.4 1970.9 3266.7 3266.7 0.0 2640.1 626.6 2906.1 385.0 7.6 377.4 151.0 0.0 0.0 428.0 226.4 201.6 288.8 490.4 11.4 226.2 122.7 66.3 19.1 52.9 58.9 198.2 89.0 2.0 0.2 4.0 40.0 10.7 31.9 0.0 11.6 6.3 3.8 15.4 165.7 12.5 25.4 19.8

2005
597.7 804.1 1401.8 0.0 0.0 389.8 389.8 1791.6 82.1 79.6 2.5 721.1 880.2 1683.4 910.9 1300.7 772.5 653.7 -828.8 2077.1 1019.3 73.4 2702.7 3697.7 3697.7 0.0 3114.2 583.5 3378.6 346.8 17.1 329.7 59.6 0.0 0.0 453.6 270.1 183.5 343.5 527.0 21.8 184.8 88.2 92.8 12.2 59.5 65.2 234.5 91.4 4.9 0.5 2.6 18.1 8.7 23.5 0.0 8.9 5.5 4.5 13.6 136.8 -12.7 13.2 23.5

2006
597.7 848.6 1446.3 0.0 0.0 466.8 466.8 1913.1 79.0 79.0 0.0 845.0 1012.7 1936.7 1479.7 1946.5 457.0 1098.3 -1400.7 2617.1 1456.3 107.3 3393.0 4323.1 4323.1 0.0 3801.6 521.5 4055.1 297.1 87.0 210.1 57.5 104.6 0.0 121.5 48.0 73.5 155.3 228.8 24.4 130.9 62.4 134.6 6.2 39.5 67.9 242.0 93.8 29.3 2.0 7.9 27.4 9.5 14.5 145.9 7.2 4.9 3.5 2.6 10.5 127.4 -36.4 16.9 24.2

2007
597.7 640.7 1238.4 0.0 0.0 499.0 499.0 1737.4 78.4 78.4 0.0 908.2 907.2 1893.8 1778.6 2277.6 115.2 1388.1 -1700.2 2871.9 1622.2 116.5 3516.0 4605.7 4605.7 0.0 4137.8 467.9 4405.5 231.3 125.4 105.9 30.3 119.5 0.0 -175.7 -43.9 -131.8 72.6 -59.2 28.7 106.5 55.5 183.9 3.0 25.0 -122.6 207.2 95.7 54.2 2.7 9.0 28.6 10.2 8.6 63.3 9.6 2.3 1.8 1.3 8.0 131.0 -48.6 6.5 20.7

2008
597.7 624.4 1222.1 0.0 0.0 352.6 352.6 1574.7 100.6 100.6 0.0 1148.9 1051.8 2301.3 2434.5 2787.1 -133.2 1825.6 -2333.9 3104.1 1707.8 155.2 4009.1 5422.3 5422.3 0.0 4912.0 510.3 5293.7 190.4 183.1 7.3 23.4 0.0 0.0 -162.7 -16.1 -146.6 139.1 -7.5 22.4 94.5 51.3 228.1 0.2 9.9 -1854.7 204.5 97.6 96.2 3.4 10.0 320.5 11.8 0.6 0.0 0.0 0.1 0.1 -0.3 9.6 135.2 -94.4 17.7 20.4

2009
597.7 514.6 1112.3 0.0 0.0 321.3 321.3 1433.6 146.3 146.3 0.0 1200.0 725.7 2072.0 2532.6 2853.9 -460.6 905.5 -2386.3 3396.8 1894.2 126.6 3966.2 5349.5 5349.5 0.0 4747.5 602.0 5235.2 158.6 300.8 -142.2 2.9 0.0 0.0 -141.1 -145.1 4.0 -18.5 -14.5 22.4 81.8 53.2 256.6 -3.6 102.8 127.6 186.1 97.9 189.7 5.6 33.2 -2.0 12.7 -12.8 0.0 0.0 -2.7 -2.4 -2.4 7.4 134.9 -2500.0 -1.3 18.6

343

Ghandhara Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

65.6 -485.8 -420.2 0.0 0.0 0.0 0.0 -420.2 343.8 5.3 338.5 139.1 335.3 818.2 1526.6 1526.6 -708.4 315.2 -1182.8 405.2 288.3 7.2 1106.5 644.1 641.1 3.0 573.5 70.6 599.4 70.4 20.0 50.4 3.2 0.0 0.0 69.1 47.2 21.9 54.4 76.3 53.6 31.6 4.6 68.3 71.3 -640.5 93.1 28.4 3.1 6.3 6.3 11.7 7.8 7.7 7.2 2.5 58.2 42.6 148.9 -64.1

2005
65.6 -290.8 -225.2 0.0 0.0 0.0 0.0 -225.2 95.6 2.2 93.4 86.5 370.5 552.6 1008.2 1008.2 -455.6 163.4 -912.6 351.7 230.4 8.5 783.0 1166.8 1166.8 0.0 1078.0 88.8 1163.4 4.9 8.9 -4.0 5.1 0.0 0.0 195.0 -9.1 204.1 -0.6 203.5 54.8 18.1 -0.5 -4.7 -0.3 -343.3 99.7 181.6 0.8 5.4 2.8 -

2006
65.6 1064.4 1130.0 0.0 0.0 0.0 0.0 1130.0 355.5 262.4 93.1 138.6 695.7 1189.8 1092.9 1092.9 96.9 318.9 -737.4 1115.0 1033.1 15.8 2222.9 1714.7 1714.7 0.0 1489.0 225.7 1541.7 576.8 18.6 558.2 34.3 19.7 0.0 1355.2 504.2 851.0 520.0 1371.0 0.0 108.9 45.2 96.7 25.1 37.2 37.9 1722.6 89.9 3.2 1.1 5.8 6.1 0.3 49.4

2007
213.0 1063.2 1276.2 0.0 0.0 15.2 15.2 1291.4 129.9 128.5 1.4 387.1 649.3 1166.3 994.8 1010.0 171.5 103.8 -864.9 1238.5 1120.1 32.1 2286.4 1921.9 1921.9 0.0 1616.7 305.2 1712.3 227.9 26.7 201.2 78.6 0.0 0.0 161.4 122.6 38.8 154.7 193.5 1.2 117.2 52.0 79.1 8.8 76.0 79.9 599.2 89.1 11.7 1.4 25.7 39.1 4.3 15.8 0.0 0.0 10.5 9.4 5.8 2.9 84.1 -89.0 12.1 59.9

2008
213.0 1082.0 1295.0 0.0 0.0 8.2 8.2 1303.2 114.1 22.9 91.2 531.2 468.1 1113.4 839.0 847.2 274.4 106.5 -724.9 1159.5 1028.8 5.2 2142.2 1870.0 1870.0 0.0 1727.0 143.0 1824.0 57.5 28.1 29.4 13.1 0.0 0.0 11.8 16.3 -4.5 21.5 17.0 0.6 132.7 76.9 65.4 1.4 138.1 126.5 608.0 97.5 48.9 1.5 26.4 44.6 3.0 2.3 0.0 0.0 1.6 1.4 0.8 0.5 87.3 -85.1 -2.7 60.8

2009
213.0 943.9 1156.9 0.0 0.0 2.5 2.5 1159.4 113.8 21.5 92.3 416.8 373.9 904.5 764.1 766.6 140.4 336.2 -650.3 1164.1 1019.0 15.3 1923.5 1313.8 1313.8 0.0 1184.5 129.3 1385.4 -56.9 83.5 -140.4 0.0 0.0 0.0 -143.8 -140.4 -3.4 -125.1 -128.5 0.2 118.4 69.4 66.3 -7.3 97.6 97.4 543.1 105.4 -146.7 6.4 24.8 0.0 7.9 -12.1 0.0 0.0 -10.7 -6.6 -6.6 1.5 68.3 -571.4 -29.7 54.3

2659.4 1.7 -0.3 32.6 -0.6 85.1 -1.4 79.9 2.9 6.9 149.0 77.1 -107.8 -14283.3 81.2 47.0 -34.3 172.3

344

Ghandhara Nissan Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

450.0 53.1 503.1 0.0 0.0 502.8 502.8 1005.9 70.2 69.1 1.1 160.4 483.1 713.7 709.8 1212.6 3.9 638.2 -639.6 0.0 1002.0 0.0 1715.7 1187.0 1187.0 0.0 1056.5 130.5 1101.7 177.0 70.4 106.6 6.2 0.0 0.0 1359.6 100.4 1259.2 100.4 1359.6 50.0 100.5 32.5 241.0 6.2 7.4 7.4 111.8 92.8 39.8 5.9 11.0 5.8 0.2 21.2 0.0 9.0 2.4 2.2 0.0 69.2 -87.8 1118.7 11.2

2005
450.0 339.6 789.6 0.0 0.0 522.0 522.0 1311.6 41.2 41.2 0.0 269.6 1323.1 1633.9 1347.2 1869.2 286.7 808.5 -1306.0 1210.8 1025.0 96.0 2658.9 4072.5 4072.5 0.0 3690.9 381.6 3790.5 309.5 34.6 274.9 37.5 0.0 0.0 305.7 237.4 68.3 333.4 401.7 39.8 121.3 23.1 236.7 10.3 77.7 83.0 175.5 93.1 11.2 0.8 4.3 13.6 1.1 34.8 0.0 6.8 6.1 5.3 9.6 153.2 154.2 243.1 17.5

2006
450.0 407.7 857.7 0.0 0.0 329.7 329.7 1187.4 36.6 36.6 0.0 499.3 1346.0 1881.9 1672.9 2002.6 209.0 1059.4 -1636.3 1263.7 978.5 99.4 2860.4 5185.3 5185.3 0.0 4565.1 620.2 4713.8 491.9 101.1 390.8 134.0 56.3 0.0 -124.2 200.5 -324.7 299.9 -24.8 27.8 112.5 32.0 233.5 13.7 -161.4 -1209.3 190.6 90.9 20.6 1.9 9.5 34.3 6.6 45.6 456.1 6.6 7.5 8.7 5.7 9.7 181.3 42.6 27.3 19.1

2007
450.0 569.9 1019.9 0.0 0.0 117.8 117.8 1137.7 72.2 49.0 23.2 601.3 772.8 1446.3 1260.5 1378.3 185.8 536.2 -1188.3 1330.5 951.9 96.3 2398.2 3019.1 3019.1 0.0 2522.4 496.7 2684.7 399.9 113.9 286.0 105.5 0.0 0.0 -49.7 180.5 -230.2 276.8 46.6 10.4 114.7 53.4 135.1 11.9 -363.2 594.0 226.6 88.9 28.5 3.8 21.2 36.9 0.0 28.0 0.0 0.0 9.5 6.4 4.0 9.8 125.9 -26.4 -41.8 22.7

2008
450.0 1015.8 1465.8 0.0 0.0 0.0 0.0 1465.8 514.5 207.0 307.5 874.7 789.7 2178.9 1635.2 1635.2 543.7 148.4 -1120.7 1393.6 922.2 95.2 3101.1 3924.6 3924.6 0.0 3402.8 521.8 3580.8 415.3 135.5 279.8 101.7 0.0 0.0 328.1 178.1 150.0 273.3 423.3 0.0 133.2 85.0 111.6 9.0 54.3 64.6 325.7 91.2 32.6 3.5 91.3 36.3 13.3 19.1 0.0 0.0 7.1 6.2 4.0 10.0 126.6 -3.1 30.0 32.6

2009
450.0 1252.4 1702.4 0.0 0.0 2.0 2.0 1704.4 315.2 36.3 278.9 488.1 1053.7 1857.0 1687.4 1689.4 169.6 1022.0 -1372.2 1402.1 1534.9 89.4 3391.9 2054.0 2054.0 0.0 2048.6 5.4 2229.2 -139.5 345.0 -484.5 0.0 0.0 0.0 238.6 -484.5 723.1 -395.1 328.0 0.1 110.1 47.6 99.2 -14.3 -203.1 -120.5 378.3 108.5 -247.3 16.8 33.8 0.0 13.8 -28.5 0.0 0.0 -23.6 -10.8 -10.8 9.7 60.6 -274.2 -47.7 37.8

345

Ghani Automobiles Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

-

2005
100.0 -32.0 68.0 0.0 0.0 0.0 0.0 68.0 47.6 47.6 0.0 6.4 1.2 55.2 1.7 1.7 53.5 0.0 45.9 23.8 14.5 0.7 69.7 18.5 18.5 0.0 17.5 1.0 19.6 -0.6 0.0 -0.6 1.3 0.0 0.0 -1.9 -1.2 0.0 3247.1 3176.5 2.5 -0.9 0.0 0.0 68.0 105.9 0.0 25.9 -0.9 0.0 -3.2 -0.1 -0.2 7.6 26.5 -110.0 6.8

2006
100.0 -32.0 68.0 0.0 0.0 0.0 0.0 68.0 8.0 8.0 0.0 41.4 7.5 56.9 21.6 21.6 35.3 0.0 -13.6 42.9 32.7 1.0 89.6 51.0 51.0 0.0 50.5 0.5 54.2 1.2 0.0 1.2 0.4 0.0 0.0 0.0 0.8 -0.8 1.8 1.0 0.0 263.4 228.7 31.8 1.3 0.0 180.0 68.0 106.3 0.0 0.0 0.0 33.3 0.0 1.8 0.0 0.0 2.4 0.1 0.1 6.9 56.9 -200.0 175.7 6.8

2007
200.0 -71.4 128.6 0.0 0.0 0.0 0.0 128.6 22.9 22.9 0.0 55.4 31.3 109.6 15.9 15.9 93.7 0.0 7.0 47.3 34.9 2.3 144.5 149.5 149.5 0.0 137.4 12.1 184.0 -34.4 4.4 -38.8 0.7 0.0 0.0 60.6 -39.5 100.1 -37.2 62.9 0.0 689.3 492.5 12.4 -26.9 -65.2 -59.1 64.3 123.1 -12.8 2.9 0.0 -1.8 23.3 -30.2 0.0 0.0 -26.0 -1.9 -2.0 7.0 103.5 -2000.0 193.1 6.4

2008
200.0 -70.3 129.7 0.0 0.0 14.4 14.4 144.1 6.1 6.1 0.0 242.2 80.2 328.5 239.5 253.9 89.0 170.4 -233.4 71.3 55.1 3.8 383.6 283.3 283.3 0.0 249.4 33.9 274.4 8.9 6.5 2.4 1.2 0.0 0.0 15.5 1.2 14.3 5.0 19.3 10.0 137.2 103.7 195.8 0.6 7.7 25.9 64.9 96.9 73.0 2.3 3.8 50.0 50.5 1.9 0.0 0.0 0.8 0.1 0.1 10.9 73.9 -105.3 89.5 6.5

2009
200.0 -112.4 87.6 0.0 0.0 10.8 10.8 98.4 8.6 8.6 0.0 210.3 68.4 287.3 243.4 254.2 43.9 89.4 -234.8 75.1 54.4 4.5 341.7 230.0 230.0 0.0 226.4 3.6 255.5 -24.4 17.9 -42.3 0.0 0.0 0.0 -45.7 -42.3 -3.4 -37.8 -41.2 11.0 118.0 89.9 290.2 -12.4 92.6 91.7 43.8 111.1 -73.4 7.8 20.0 0.0 63.6 -48.3 0.0 0.0 -18.4 -2.1 -2.1 8.2 67.3 -2200.0 -18.8 4.4

346

Hinopak Motors Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

124.0 1222.7 1346.7 0.0 0.0 12.6 12.6 1359.3 525.4 475.4 50.0 431.7 1779.4 2736.5 2055.0 2067.6 681.5 15.8 -1529.6 944.1 677.8 34.9 3414.3 6337.4 6337.4 0.0 5567.4 770.0 5856.5 509.3 9.6 499.7 159.0 105.4 0.0 423.8 235.3 188.5 270.2 458.7 0.9 133.2 46.6 153.5 14.6 55.5 58.9 1086.0 92.4 1.9 0.2 60.8 31.8 3.9 37.1 323.2 7.8 7.9 40.3 27.5 5.5 185.6 -8.4 47.7 108.6

2005
124.0 1346.5 1470.5 0.0 0.0 9.3 9.3 1479.8 58.0 58.0 0.0 484.6 1790.7 2333.3 1684.8 1694.1 648.5 12.6 -1626.8 1132.7 831.3 54.8 3164.6 7395.2 7395.2 0.0 6718.1 677.1 7009.1 435.0 53.5 381.5 131.8 105.4 0.0 120.5 144.3 -23.8 199.1 175.3 0.6 138.5 32.2 115.2 12.1 119.8 113.6 1185.9 94.8 12.3 0.7 424.6 34.5 4.4 25.9 236.9 7.2 5.2 30.8 20.1 8.1 233.7 -23.6 16.7 118.6

2006
124.0 1588.7 1712.7 0.0 0.0 5.7 5.7 1718.4 118.3 118.3 0.0 777.8 2381.3 3277.4 2423.5 2429.2 853.9 271.8 -2305.2 1233.9 864.5 76.6 4141.9 7200.4 7200.4 0.0 6365.8 834.6 6712.8 560.2 48.4 511.8 194.5 130.2 0.0 238.6 187.1 51.5 263.7 315.2 0.3 135.2 37.0 141.8 12.4 78.4 83.7 1381.2 93.2 8.6 0.7 17.8 38.0 7.0 29.9 243.7 7.6 7.1 41.3 25.6 9.2 173.8 34.1 -2.6 138.1

2007
124.0 2046.0 2170.0 0.0 0.0 0.0 0.0 2170.0 260.9 260.9 0.0 1227.1 2533.2 4021.2 2738.3 2738.3 1282.9 4.3 -2477.4 1321.2 887.1 81.5 4908.3 8159.2 8159.2 0.0 6771.6 1387.6 7249.1 967.7 63.2 904.5 333.0 297.2 0.0 451.6 274.3 177.3 355.8 533.1 0.0 146.9 54.3 126.2 18.4 60.7 66.7 1750.0 88.8 6.5 0.8 1469.8 36.8 10.0 41.7 192.3 13.7 11.1 72.9 46.1 9.4 166.2 76.5 13.3 175.0

2008
124.0 1816.0 1940.0 0.0 0.0 0.0 0.0 1940.0 70.2 70.2 0.0 1584.2 2398.6 4053.0 3061.5 3061.5 991.5 1355.6 -2991.3 1475.6 948.5 119.9 5001.5 12630.7 12630.7 0.0 11379.5 1251.2 12006.0 794.3 678.5 115.8 68.0 21.7 0.0 -230.0 26.1 -256.1 146.0 -110.1 0.0 132.4 54.0 157.8 2.3 -11.3 -132.6 1564.5 95.1 85.4 5.4 50.1 58.7 9.0 6.0 220.3 1.1 0.9 9.3 3.9 13.5 252.5 -87.2 54.8 156.5

2009
124.0 1816.0 1940.0 0.0 0.0 0.0 0.0 1940.0 70.2 70.2 0.0 1584.2 2398.6 4053.0 3061.5 3061.5 991.5 1355.6 -2991.3 1475.6 948.5 119.9 5001.5 12151.0 12151.0 0.0 10899.8 1251.2 11526.3 794.3 678.5 115.8 68.0 21.7 0.0 0.0 26.1 -26.1 146.0 119.9 0.0 132.4 54.0 157.8 2.3 0.0 121.8 1564.5 94.9 85.4 5.6 50.1 58.7 9.3 6.0 220.3 1.1 1.0 9.3 3.9 13.5 242.9 0.0 -3.8 156.5

347

Honda Atlas Cars (Pakistan) Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

420.0 1478.5 1898.5 0.0 0.0 0.0 0.0 1898.5 3515.7 3514.9 0.8 1175.3 1708.5 6399.5 5066.9 5066.9 1332.6 0.0 -1551.2 1412.8 566.0 122.0 6965.5 9610.4 9610.4 0.0 8854.4 756.0 9061.0 622.5 2.3 620.2 226.2 178.5 0.0 230.9 215.5 15.4 337.5 352.9 0.0 126.3 92.6 266.9 8.9 93.3 95.6 452.0 94.3 0.4 0.0 36.5 0.0 32.7 220.7 9.4 6.5 14.8 9.4 27.1 138.0 31.0 90.8 45.2

2005
420.0 1658.5 2078.5 0.0 0.0 0.0 0.0 2078.5 6632.4 5874.0 758.4 1307.2 3159.2 11098.8 9698.4 9698.4 1400.4 9693.7 -3066.0 1649.2 678.1 146.4 11776.9 17038.9 17038.9 0.0 16755.9 283.0 16971.5 264.6 6.0 258.6 85.5 178.5 0.0 180.0 -5.4 185.4 141.0 326.4 0.0 114.4 81.9 466.6 2.2 -3.0 43.2 494.9 99.6 2.3 0.0 0.1 33.1 0.0 12.4 97.0 8.6 1.5 6.2 4.1 25.9 144.7 -58.1 77.3 49.5

2006
420.0 2252.0 2672.0 0.0 0.0 666.7 666.7 3338.7 1504.1 360.2 1143.9 1141.9 4169.1 6815.1 5802.4 6469.1 1012.7 2454.9 -4298.3 3413.3 2326.0 142.9 9141.1 30236.1 30236.1 0.0 29068.6 1167.5 29433.9 1180.1 46.4 1133.7 420.7 0.0 294.0 1260.2 713.0 547.2 855.9 1403.1 20.0 117.5 45.6 242.1 12.4 56.6 61.0 636.2 97.3 3.9 0.2 1.9 37.1 0.0 42.4 0.0 0.0 3.7 27.0 17.0 21.1 330.8 335.5 77.5 63.6

2007
714.0 1660.8 2374.8 0.0 0.0 1958.3 1958.3 4333.1 219.9 219.9 0.0 1039.6 2704.9 3964.4 3906.1 5864.4 58.3 2541.6 -3686.2 5639.0 4274.8 142.9 8239.2 20106.3 20106.3 0.0 20006.4 99.9 20433.1 -176.2 305.5 -481.7 87.8 0.0 0.0 994.4 -569.5 1563.9 -426.6 1137.3 45.2 101.5 32.2 246.9 -5.8 -57.3 -37.5 332.6 101.6 -173.4 1.5 12.0 -18.2 0.0 -20.3 0.0 0.0 -2.4 -6.7 -8.0 6.1 244.0 -124.8 -33.5 33.3

2008
1428.0 1737.1 3165.1 0.0 0.0 500.0 500.0 3665.1 231.9 231.9 0.0 962.3 1612.7 2806.9 3087.1 3587.1 -280.2 500.0 -2855.2 5757.5 3945.3 464.2 6752.2 17430.8 17430.8 0.0 16803.3 627.5 17157.1 297.3 233.7 63.6 75.8 0.0 0.0 -668.0 -12.2 -655.8 452.0 -203.8 13.6 90.9 38.7 113.3 0.9 1.8 -221.8 221.6 98.4 78.6 1.3 46.7 119.2 0.0 2.0 0.0 0.0 0.4 0.4 -0.1 10.9 258.1 -106.0 -13.3 22.2

2009
1428.0 1204.0 2632.0 0.0 0.0 1500.0 1500.0 4132.0 20.5 20.5 0.0 1561.9 2954.1 4536.5 5614.2 7114.2 -1077.7 3651.6 -5593.7 7391.0 5209.8 522.3 9746.3 14149.6 14149.6 0.0 13973.1 176.5 14614.0 -399.6 222.8 -622.4 12.6 0.0 0.0 466.9 -635.0 1101.9 -112.7 989.2 36.3 80.8 28.2 270.3 -6.4 -136.0 -11.4 184.3 103.3 -55.8 1.6 6.1 -2.0 0.0 -23.6 0.0 0.0 -4.4 -4.4 -4.4 13.2 145.2 -1200.0 -18.8 18.4

348

Huffaz Seamless Pipe Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

122.0 59.8 181.8 0.0 0.0 0.0 0.0 181.8 7.0 7.0 0.0 120.4 150.4 277.8 365.4 365.4 -87.6 8.8 -358.4 473.3 269.5 22.4 547.3 413.1 412.4 0.7 355.0 58.1 373.8 51.4 3.6 47.8 2.1 0.0 0.0 -33.3 45.7 -79.0 68.1 -10.9 0.0 76.0 34.9 201.0 8.7 149.0 90.5 7.0 0.9 40.9 4.4 8.2 26.3 0.0 11.6 3.9 3.7 8.5 75.5 -27.8 6.9 14.9

2005
122.0 123.0 245.0 0.0 0.0 37.9 37.9 282.9 5.8 5.8 0.0 162.4 305.5 473.7 502.9 540.8 -29.2 46.6 -497.1 541.7 312.1 25.7 785.8 687.1 687.1 0.0 577.2 109.9 608.1 82.5 6.3 76.2 3.1 12.2 0.0 101.1 60.9 40.2 86.6 126.8 13.4 94.2 33.4 220.7 9.7 60.2 68.3 200.8 88.5 7.6 0.9 13.5 4.1 7.5 31.1 599.2 5.0 11.1 6.2 6.0 9.5 87.4 59.0 66.3 20.1

2006
140.3 178.5 318.8 0.0 0.0 28.2 28.2 347.0 47.2 47.2 0.0 217.7 366.9 631.8 680.0 708.2 -48.2 37.9 -632.8 661.6 395.3 36.7 1027.1 1119.2 1118.8 0.4 924.6 194.6 971.3 166.9 9.0 157.9 34.6 28.1 42.1 64.1 95.2 -31.1 131.9 100.8 8.1 92.9 39.0 222.1 15.4 148.5 130.9 227.2 86.8 5.4 0.8 23.7 21.9 7.5 49.5 438.8 8.8 14.1 11.3 8.8 11.8 109.0 82.3 62.9 22.7

2007
182.4 885.8 1068.2 0.0 0.0 17.1 17.1 1085.3 18.9 18.9 0.0 199.1 344.9 562.9 691.5 708.6 -128.6 28.3 -672.6 1503.5 1213.8 37.7 1776.7 946.7 945.4 1.3 792.1 154.6 829.8 119.4 15.3 104.1 11.6 27.4 0.0 738.3 65.1 673.2 102.8 776.0 1.6 81.4 31.5 66.3 5.9 8.8 13.2 585.6 87.7 12.8 1.6 54.1 11.1 6.7 9.7 337.6 2.6 11.0 5.7 5.1 11.0 53.3 -49.6 -15.4 58.6

2008
218.9 917.5 1136.4 0.0 0.0 13.0 13.0 1149.4 61.7 61.7 0.0 295.4 172.4 529.5 624.0 637.0 -94.5 17.1 -562.3 1586.6 1243.9 53.1 1773.4 1184.8 1184.8 0.0 972.2 212.6 1021.0 165.0 10.9 154.1 48.0 0.0 65.7 64.1 106.1 -42.0 159.2 117.2 1.1 84.9 57.2 56.1 8.7 165.5 135.8 519.1 86.2 6.6 0.9 63.7 31.1 7.8 13.6 0.0 0.0 13.0 7.0 4.8 4.4 66.8 22.8 25.2 51.9

2009
341.4 1372.1 1713.5 0.0 0.0 113.5 113.5 1827.0 12.2 12.2 0.0 355.7 779.3 1147.2 1057.7 1171.2 89.5 127.7 -1045.5 2127.8 1737.5 58.4 2884.7 1323.3 1320.0 3.3 1026.8 296.5 1084.8 239.5 17.5 222.0 30.8 0.0 102.4 677.6 191.2 486.4 249.6 736.0 6.2 108.5 34.8 68.4 7.7 28.2 33.9 501.9 82.0 7.3 1.3 13.7 13.9 9.7 13.0 0.0 0.0 16.8 6.5 5.6 4.7 45.9 -7.1 11.7 50.2

349

Indus Motor Company Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

786.0 2638.7 3424.7 0.0 0.0 7.6 7.6 3432.3 6962.0 6962.0 0.0 1196.7 2537.2 10695.9 8124.1 8131.7 2571.8 35.4 -1162.1 2562.9 860.5 268.7 11556.4 23193.7 23193.7 0.0 20500.0 2693.7 21107.6 2325.9 59.6 2266.3 860.5 707.4 0.0 847.9 698.4 149.5 967.1 1116.6 0.2 131.7 100.4 237.4 19.6 82.4 86.6 435.7 91.0 2.6 0.3 168.4 38.0 1.9 66.2 198.7 20.7 9.8 28.8 17.9 27.1 200.7 17.1 43.9 43.6

2005
786.0 3718.1 4504.1 0.0 0.0 12.0 12.0 4516.1 6720.0 6720.0 0.0 1306.8 3168.9 11195.7 7667.9 7679.9 3527.8 39.9 -947.9 2935.0 988.3 290.5 12184.0 32717.7 32717.7 0.0 30011.5 2706.2 30770.1 2397.0 94.1 2302.9 812.1 707.4 0.0 1083.8 783.4 300.4 1073.9 1374.3 0.3 146.0 104.7 170.5 18.9 72.3 78.1 573.0 94.0 3.9 0.3 235.8 35.3 1.2 51.1 210.7 15.7 7.0 29.3 19.0 33.8 268.5 1.7 41.1 57.3

2006
786.0 5465.8 6251.8 0.0 0.0 3.9 3.9 6255.7 7416.2 7416.2 0.0 2730.4 3959.3 14105.9 9560.7 9564.6 4545.2 9.6 -2144.5 4026.7 1710.5 399.7 15816.4 41787.6 41787.6 0.0 37640.0 4147.6 38609.1 4199.7 126.9 4072.8 1352.8 943.2 0.0 1739.6 1776.8 -37.2 2176.5 2139.3 0.1 147.5 106.1 153.0 25.8 102.1 101.7 795.4 92.4 3.0 0.3 1321.9 33.2 1.8 65.1 288.4 15.1 9.7 51.8 34.6 40.0 264.2 76.8 27.7 79.5

2007
786.0 7254.4 8040.4 0.0 0.0 0.0 0.0 8040.4 8543.3 8543.3 0.0 2168.0 2860.0 13571.3 7621.1 7621.1 5950.2 3.7 922.2 4763.4 2090.3 381.5 15661.6 46384.5 46384.5 0.0 41943.9 4440.6 43067.6 4252.2 22.7 4229.5 1389.8 1021.8 0.0 1784.7 1817.9 -33.2 2199.4 2166.2 0.0 178.1 140.5 94.8 27.0 101.9 101.5 1023.0 92.8 0.5 0.0 613.5 32.9 1.4 52.6 277.9 12.7 9.1 53.8 36.1 22.3 296.2 3.9 11.0 102.3

2008
786.0 8650.3 9436.3 0.0 0.0 0.0 0.0 9436.3 4328.6 4328.6 0.0 2748.1 2637.6 9714.3 4311.8 4311.8 5402.5 0.0 16.8 7078.0 4033.8 473.9 13748.1 49425.3 49425.3 0.0 45576.8 3848.5 46667.7 3544.4 2.8 3541.6 939.7 825.3 0.0 1395.9 1776.6 -380.7 2250.5 1869.8 0.0 225.3 164.1 45.7 25.8 127.3 120.4 1200.5 94.4 0.1 0.0 0.0 26.5 2.7 37.5 315.3 8.7 7.2 45.1 33.1 22.6 359.5 -16.2 6.6 120.1

2009
786.0 9507.0 10293.0 0.0 0.0 0.0 0.0 10293.0 9731.1 9731.1 0.0 2931.1 4088.9 16751.1 10388.6 10388.6 6362.5 0.0 -657.5 7629.6 3930.5 786.3 20681.6 37864.6 37864.6 0.0 35540.4 2324.2 36519.1 1372.0 26.5 1345.5 705.9 786.0 0.0 856.7 -146.4 1003.1 639.9 1643.0 0.0 161.2 121.9 100.9 6.5 -17.1 38.9 1309.5 96.4 1.9 0.1 0.0 52.5 4.6 13.1 81.4 7.6 3.6 17.1 8.1 19.5 183.1 -62.1 -23.4 131.0

350

International Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

163.0 1191.5 1354.5 0.0 0.0 256.3 256.3 1610.8 70.6 70.6 0.0 639.9 2116.5 2827.0 2633.1 2889.4 193.9 2512.3 -2562.5 2087.3 1416.8 109.9 4243.8 4987.5 4050.0 937.5 4197.8 789.7 4428.5 576.1 52.0 524.1 153.0 163.0 40.8 687.1 208.1 479.0 318.0 797.0 15.9 107.4 27.0 213.3 12.3 30.3 39.9 831.0 88.8 9.0 1.0 2.1 29.2 8.7 38.7 227.7 12.0 10.5 32.2 22.8 13.7 117.5 61.0 31.3 83.1

2005
427.9 1281.9 1709.8 0.0 0.0 331.3 331.3 2041.1 2.2 2.2 0.0 688.5 2583.8 3274.5 2891.2 3222.5 383.3 2815.5 -2889.0 2445.8 1657.6 670.5 4932.1 8089.4 6507.0 1582.4 7220.3 869.1 7502.8 608.0 105.3 502.7 101.0 122.3 264.9 430.3 279.4 150.9 949.9 1100.8 16.2 113.3 23.9 188.5 10.2 64.9 86.3 399.6 92.7 17.3 1.3 3.7 20.1 6.3 29.4 328.5 7.2 6.2 11.7 9.4 47.3 164.0 -63.7 62.2 40.0

2006
427.9 1566.8 1994.7 0.0 0.0 275.0 275.0 2269.7 429.0 429.0 0.0 950.5 2025.9 3405.4 2972.7 3247.7 432.7 2717.7 -2543.7 2785.1 1837.0 173.8 5242.4 8727.0 7186.4 1540.6 7486.5 1240.5 7824.4 905.3 179.8 725.5 182.0 213.9 141.2 228.6 329.6 -101.0 503.4 402.4 12.1 114.6 46.4 162.8 13.8 144.2 125.1 466.2 89.7 19.9 2.1 6.6 25.1 6.9 36.4 254.1 10.7 8.3 17.0 12.7 1.0 166.5 45.3 7.9 46.6

2007
569.1 1767.2 2336.3 0.0 0.0 1062.5 1062.5 3398.8 1362.9 3.9 1359.0 1185.0 3309.9 5857.8 5196.0 6258.5 661.8 5490.7 -3833.1 3832.4 2736.9 190.2 8594.7 11020.2 9063.0 1957.2 9597.2 1423.0 10010.5 1139.1 331.8 807.3 166.0 213.4 187.8 1129.1 427.9 701.2 618.1 1319.3 31.3 112.7 49.0 267.9 9.4 37.9 46.9 410.5 90.8 29.1 3.0 6.0 20.6 8.3 34.6 300.5 9.1 7.3 14.2 11.3 10.4 128.2 -16.5 26.3 41.1

2008
832.6 2946.0 3778.6 0.0 0.0 1141.7 1141.7 4920.3 28.1 28.1 0.0 1823.8 4591.6 6443.5 5695.7 6837.4 747.8 5531.4 -5667.6 5282.9 4172.3 221.6 10615.8 13761.5 10742.0 3019.5 11974.1 1787.4 12593.8 1354.5 450.2 904.3 140.1 208.1 249.8 1521.5 556.1 965.4 777.7 1743.1 23.2 113.1 32.5 181.0 8.5 36.5 44.6 453.8 91.5 33.2 3.3 8.1 15.5 10.2 23.9 367.2 5.5 6.6 10.9 9.2 8.1 129.6 -23.2 24.9 45.4

2009
999.1 3021.8 4020.9 0.0 0.0 2015.5 2015.5 6036.4 1235.5 1235.5 0.0 1709.8 2229.0 5174.3 5124.5 7140.0 49.8 5956.9 -3889.0 7262.8 5986.7 227.8 11161.0 12319.4 9412.4 2907.0 11152.3 1167.1 11635.6 1003.8 535.1 468.7 114.0 224.8 0.0 1116.1 129.9 986.2 357.7 1343.9 33.4 101.0 57.5 177.6 4.2 11.6 26.6 402.5 94.4 53.3 4.3 9.0 24.3 8.8 11.7 157.8 5.6 3.8 4.7 3.6 5.5 110.4 -56.9 -10.5 40.2

351

Johnson & Philips (Pakistan) Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

54.5 -53.3 1.2 0.0 0.0 35.0 35.0 36.2 40.9 1.1 39.8 0.0 37.4 78.3 161.0 196.0 -82.7 68.2 -120.1 136.3 118.8 3.0 197.1 62.6 62.6 0.0 66.1 -3.5 79.2 -4.6 2.7 -7.3 0.3 0.0 0.0 120.6 -7.6 128.2 -4.6 123.6 96.7 48.6 25.4 16333.3 -3.7 -6.3 -3.7 2.2 126.5 4.3 4.0 22.4 -608.3 0.0 -11.7 -1.3 -1.4 6.2 31.8 -91.6 -25.2 0.2

2005
54.5 -33.7 20.8 0.0 0.0 15.0 15.0 35.8 3.9 3.9 0.0 42.6 38.1 84.6 163.8 178.8 -79.2 44.1 -159.9 136.9 115.0 5.7 199.6 162.7 162.7 0.0 131.5 31.2 151.0 24.6 4.4 20.2 0.8 0.0 0.0 -0.4 19.4 -19.8 25.1 5.3 41.9 51.6 28.4 859.6 10.1 473.6 38.2 92.8 17.9 2.7 10.0 4.0 5.7 97.1 0.0 12.4 3.7 3.6 4.8 81.5 -384.6 159.9 3.8

2006
54.5 -31.6 22.9 0.0 0.0 3.5 3.5 26.4 3.8 3.8 0.0 69.0 40.9 113.7 210.1 213.6 -96.4 4.9 -206.3 152.0 122.8 1.1 236.5 233.3 233.3 0.0 207.5 25.8 234.5 12.6 5.7 6.9 1.2 0.0 0.0 -9.4 5.7 -15.1 6.8 -8.3 13.3 54.1 34.7 932.8 2.9 -60.6 -81.9 42.0 100.5 45.2 2.4 116.3 17.4 6.4 30.1 0.0 0.0 3.0 1.3 1.0 1.0 98.6 -64.9 43.4 4.2

2007
54.5 -13.3 41.2 0.0 0.0 94.6 94.6 135.8 19.3 10.3 9.0 126.6 43.8 189.7 178.3 272.9 11.4 94.6 -159.0 162.2 124.4 8.8 314.1 377.4 377.4 0.0 309.3 68.1 344.3 34.7 10.0 24.7 1.9 0.0 0.0 109.4 22.8 86.6 31.6 118.2 69.7 106.4 81.8 662.4 7.9 20.8 26.7 75.6 91.2 28.8 2.6 10.6 7.7 14.7 60.0 0.0 0.0 6.5 4.5 4.2 7.2 120.2 246.2 61.8 7.6

2008
54.5 114.5 169.0 0.0 0.0 79.2 79.2 248.2 23.2 14.2 9.0 124.3 58.7 206.2 177.9 257.1 28.3 89.5 -154.7 254.1 219.9 10.1 426.1 249.8 249.8 0.0 193.8 56.0 220.6 34.4 9.5 24.9 1.3 0.0 0.0 112.4 23.6 88.8 33.7 122.5 31.9 115.9 82.9 152.1 5.8 21.0 27.5 310.1 88.3 27.6 3.8 10.6 5.2 12.4 14.7 0.0 0.0 10.0 4.6 4.3 8.1 58.6 2.2 -33.8 31.0

2009
54.5 84.8 139.3 0.0 0.0 68.1 68.1 207.4 3.9 3.9 0.0 74.6 51.4 129.9 131.9 200.0 -2.0 77.9 -128.0 254.4 209.4 10.8 339.3 133.7 133.7 0.0 128.5 5.2 166.1 -20.2 9.5 -29.7 0.0 0.0 0.0 -40.8 -29.7 -11.1 -18.9 -30.0 32.8 98.5 59.5 143.6 -8.8 72.8 63.0 255.6 124.2 -47.0 7.1 12.2 0.0 23.1 -21.3 0.0 0.0 -22.2 -5.4 -5.4 4.9 39.4 -217.4 -46.5 25.6

352

KSB Pumps Company Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

120.0 206.5 326.5 0.0 0.0 2.3 2.3 328.8 135.4 135.4 0.0 301.6 164.7 601.7 340.6 342.9 261.1 72.9 -205.2 286.9 67.8 15.5 669.5 924.0 851.1 72.9 721.6 202.4 874.0 84.8 4.0 80.8 24.7 12.0 0.0 61.2 44.1 17.1 59.6 76.7 0.7 176.7 128.3 105.0 12.1 72.1 77.7 272.1 94.6 4.7 0.4 5.5 30.6 17.6 24.7 467.5 3.7 8.7 6.7 4.7 25.2 138.0 116.1 31.3 27.2

2005
120.0 277.5 397.5 0.0 0.0 0.0 0.0 397.5 122.5 119.6 2.9 447.3 200.3 770.1 448.2 448.2 321.9 103.2 -325.7 305.7 75.6 14.6 845.7 1297.9 1196.3 101.6 959.8 338.1 1169.8 155.7 10.7 145.0 51.0 21.0 0.0 68.7 73.0 -4.3 87.6 83.3 0.0 171.8 127.1 112.8 17.1 106.3 105.2 331.3 90.1 6.9 0.8 10.4 35.2 24.8 36.5 447.6 5.3 11.2 12.1 7.8 23.7 153.5 80.6 40.5 33.1

2006
120.0 347.5 467.5 0.0 0.0 0.0 0.0 467.5 138.9 136.1 2.8 334.2 267.1 740.2 362.4 362.4 377.8 0.0 -223.5 328.6 89.8 14.4 830.0 1441.9 1305.6 136.3 1016.9 425.0 1275.7 196.6 5.8 190.8 57.5 48.0 0.0 70.0 85.3 -15.3 99.7 84.4 0.0 204.2 130.5 77.5 23.0 121.9 118.1 389.6 88.5 3.0 0.4 0.0 30.1 14.9 40.8 277.7 10.3 13.2 15.9 11.1 19.0 173.7 31.4 11.1 39.0

2007
120.0 470.1 590.1 0.0 0.0 0.0 0.0 590.1 267.0 267.0 0.0 417.8 244.9 929.7 491.8 491.8 437.9 47.8 -224.8 408.9 152.3 18.7 1082.0 1708.3 1537.4 170.9 1242.1 466.2 1513.2 236.5 8.4 228.1 62.0 84.0 0.0 122.6 82.1 40.5 100.8 141.3 0.0 189.0 139.2 83.3 21.1 67.0 71.3 491.8 88.6 3.6 0.5 17.6 27.2 14.6 38.7 197.7 14.2 13.4 19.0 13.8 20.2 157.9 19.5 18.5 49.2

2008
120.0 556.8 676.8 0.0 0.0 0.0 0.0 676.8 77.7 75.4 2.3 575.4 348.2 1001.3 541.2 541.2 460.1 16.4 -463.5 494.8 216.8 25.1 1218.1 1911.9 1784.3 127.6 1404.3 507.6 1722.6 245.6 11.6 234.0 10.8 51.6 12.0 86.7 171.6 -84.9 196.7 111.8 0.0 185.0 120.7 80.0 19.2 197.9 175.9 564.0 90.1 4.7 0.6 70.7 4.6 20.0 34.6 432.6 7.6 12.2 19.5 18.6 16.7 157.0 2.6 11.9 56.4

2009
132.0 635.7 767.7 0.0 0.0 0.0 0.0 767.7 234.2 232.1 2.1 740.2 370.2 1344.6 821.0 821.0 523.6 171.3 -586.8 542.6 244.2 28.6 1588.8 2024.2 1815.2 209.0 1530.2 494.0 1841.8 224.1 10.4 213.7 60.0 46.2 0.0 90.9 107.5 -16.6 136.1 119.5 0.0 163.8 118.7 106.9 13.5 118.3 113.9 581.6 91.0 4.6 0.5 6.1 28.1 26.0 27.8 332.7 6.0 10.6 16.2 11.6 13.2 127.4 -16.9 5.9 58.2

353

Metropolitan Steel Corporation Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

309.8 -840.1 -530.3 0.0 0.0 1254.9 1254.9 724.6 1.0 1.0 0.0 141.0 80.4 222.4 228.2 1483.1 -5.8 1315.3 -227.2 737.5 730.3 17.2 952.7 567.2 567.2 0.0 562.3 4.9 583.9 43.3 0.9 42.4 2.4 0.0 0.0 294.5 40.0 254.5 57.2 311.7 173.2 97.5 62.2 4.5 13.6 18.4 -171.2 102.9 2.1 0.2 0.1 5.7 9.1 7.5 1.4 1.3 3.5 59.5 -36.4 2000.7 -17.1

2005
309.8 -782.1 -472.3 0.0 0.0 1255.9 1255.9 783.6 24.4 24.4 0.0 304.7 134.2 463.3 399.4 1655.3 63.9 1291.8 -375.0 752.1 719.6 25.3 1182.9 1565.7 1563.0 2.7 1443.8 121.9 1498.8 69.4 6.0 63.4 6.8 0.0 0.0 59.0 56.6 2.4 81.9 84.3 160.3 116.0 82.4 5.4 95.9 97.2 -152.5 95.7 8.6 0.4 0.5 10.7 13.3 4.0 2.0 1.8 3.5 132.4 42.9 176.0 -15.2

2006
309.8 -764.7 -454.9 0.0 0.0 1267.8 1267.8 812.9 1.1 0.8 0.3 321.6 158.9 481.6 417.3 1685.1 64.3 1302.8 -416.2 807.5 748.6 26.4 1230.2 1474.2 1474.2 0.0 1393.4 80.8 1435.8 39.9 5.6 34.3 6.4 0.0 0.0 29.3 27.9 1.4 54.3 55.7 156.0 115.4 77.3 0.0 2.8 95.2 97.5 -146.8 97.4 14.0 0.4 0.4 18.7 14.3 0.0 0.0 0.0 2.3 1.1 0.9 3.7 119.8 -45.0 -5.8 -14.7

2007
309.8 991.6 1301.4 0.0 0.0 1264.8 1264.8 2566.2 3.2 2.6 0.6 401.3 159.1 563.6 492.3 1757.1 71.3 1300.4 -489.1 2507.1 2494.8 30.6 3058.4 1528.2 1528.2 0.0 1478.6 49.6 1534.1 8.2 7.7 0.5 7.0 0.0 0.0 1753.3 -6.5 1759.8 24.1 1783.9 49.3 114.5 82.2 135.0 0.0 -0.4 1.4 420.1 100.4 93.9 0.5 0.6 1400.0 17.7 0.0 0.0 0.0 0.0 0.0 -0.2 4.1 50.0 -100.0 3.7 42.0

2008
309.8 985.1 1294.9 0.0 0.0 1283.5 1283.5 2578.4 1.0 0.7 0.3 562.9 224.3 788.2 745.7 2029.2 42.5 1430.9 -744.7 2565.1 2536.0 16.9 3324.2 1455.8 1391.3 64.5 1411.2 44.6 1478.2 13.2 12.7 0.5 6.7 0.0 0.0 12.2 -6.2 18.4 10.7 29.1 49.8 105.7 75.6 156.7 0.0 -50.8 36.8 418.0 101.5 96.2 0.9 0.9 1340.0 24.6 0.0 0.0 0.0 0.0 0.0 -0.2 0.7 43.8 0.0 -4.7 41.8

2009
309.8 985.1 1294.9 0.0 0.0 1283.5 1283.5 2578.4 1.0 0.7 0.3 562.9 224.3 788.2 745.7 2029.2 42.5 1430.9 -744.7 2565.1 2536.0 16.9 3324.2 1455.8 1391.3 64.5 1411.2 44.6 1478.2 13.2 12.7 0.5 6.7 0.0 0.0 0.0 -6.2 6.2 10.7 16.9 49.8 105.7 75.6 156.7 0.0 0.0 63.3 418.0 101.5 96.2 0.9 0.9 1340.0 24.6 0.0 0.0 0.0 0.0 0.0 -0.2 0.7 43.8 0.0 0.0 41.8

354

Millat Tractors Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

80.1 1449.0 1529.1 0.0 0.0 0.0 0.0 1529.1 814.6 649.7 164.9 1107.5 1402.5 3324.6 2023.3 2023.3 1301.3 0.0 -1208.7 625.8 227.7 31.4 3552.3 7036.2 6918.7 117.5 6188.9 847.3 6475.9 606.5 11.2 595.3 210.5 104.1 40.0 309.4 280.7 28.7 312.1 340.8 0.0 164.3 95.0 132.3 16.8 90.7 91.6 1909.0 92.0 1.8 0.2 35.4 1.7 38.9 369.6 6.8 8.5 74.3 48.0 12.8 198.1 37.8 31.7 190.9

2005
120.1 1904.4 2024.5 0.0 0.0 0.0 0.0 2024.5 2880.9 297.8 2583.1 888.6 2314.5 6084.0 4298.3 4298.3 1785.7 0.0 -1417.4 654.7 238.8 35.1 6322.8 8427.7 8282.4 145.3 7504.7 923.0 7796.1 721.3 3.2 718.1 240.0 40.0 40.0 495.4 438.1 57.3 473.2 530.5 0.0 141.5 87.7 212.3 11.4 88.4 89.2 1685.7 92.5 0.4 0.0 33.4 1.6 35.5 1195.3 2.0 8.5 59.8 39.8 14.6 133.3 -19.5 19.8 168.6

2006
156.2 2306.3 2462.5 0.0 0.0 0.0 0.0 2462.5 4101.0 263.1 3837.9 781.1 2283.9 7166.0 4982.7 4982.7 2183.3 0.0 -881.7 716.9 279.2 30.0 7445.2 9876.7 9787.6 89.1 8709.3 1167.4 9064.1 1077.7 3.1 1074.6 342.0 180.2 36.0 438.0 552.4 -114.4 582.4 468.0 0.0 143.8 98.0 202.3 14.4 126.1 124.4 1576.5 91.8 0.3 0.0 0.0 31.8 0.0 43.6 406.5 7.3 10.9 68.8 46.9 12.6 132.7 15.1 17.2 157.7

2007
187.4 2492.7 2680.1 0.0 0.0 0.0 0.0 2680.1 2902.8 122.1 2780.7 889.8 1840.1 5632.7 3567.7 3567.7 2065.0 20.4 -664.9 1067.6 615.2 29.7 6247.9 11142.5 11092.7 49.8 10002.3 1140.2 10621.7 882.0 18.6 863.4 200.0 156.2 31.2 217.6 507.2 -289.6 536.9 247.3 0.0 157.9 106.3 133.1 13.8 233.1 217.1 1430.1 95.3 2.1 0.2 91.2 23.2 2.5 32.2 424.7 5.8 7.7 46.1 35.4 5.6 178.3 -33.0 12.8 143.0

2008
187.4 2834.5 3021.9 0.0 0.0 0.0 0.0 3021.9 3669.8 249.4 3420.4 1466.7 1636.2 6772.7 4228.9 4228.9 2543.8 0.0 -559.1 947.0 478.2 34.1 7250.9 11432.5 11279.0 153.5 9928.5 1504.0 10599.4 1169.8 26.8 1143.0 292.0 609.1 46.9 341.8 241.9 99.9 276.0 375.9 0.0 160.2 121.5 139.9 15.8 70.8 73.4 1612.5 92.7 2.3 0.2 0.0 25.5 0.9 37.8 139.7 20.2 10.0 61.0 45.4 9.5 157.7 32.3 2.6 161.3

2009
234.3 3106.4 3340.7 0.0 0.0 0.0 0.0 3340.7 2455.7 995.4 1460.3 1814.2 2077.0 6346.9 3412.0 3412.0 2934.9 0.0 -956.3 888.0 405.6 50.4 6752.5 15910.7 15883.2 27.5 13501.5 2409.2 14317.4 1792.3 39.8 1752.5 551.7 1054.2 58.6 318.8 146.6 172.2 197.0 369.2 0.0 186.0 125.1 102.1 26.0 46.0 53.4 1425.8 90.0 2.2 0.3 0.0 31.5 0.8 52.5 113.9 31.6 11.0 74.8 51.3 16.9 235.6 22.6 39.2 142.6

355

Pak Elektron Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

236.9 1955.0 2191.9 0.0 0.0 778.6 778.6 2970.5 232.1 117.9 114.2 1607.8 1309.1 3149.0 3512.9 4291.5 -363.9 3081.0 -3280.8 4231.0 3334.2 122.7 6483.2 6078.2 5930.0 148.2 5016.1 1062.1 5485.0 615.4 380.0 235.4 47.7 23.7 0.0 455.5 164.0 291.5 286.7 578.2 26.2 89.6 52.4 195.8 3.6 36.0 49.6 925.2 90.2 61.7 6.3 12.3 20.3 16.1 10.7 792.0 1.1 3.9 9.9 7.9 4.5 93.8 26.9 54.1 92.5

2005
531.2 1398.6 1929.8 605.0 0.0 512.3 1117.3 3047.1 396.0 335.3 60.7 2692.9 1956.6 5045.5 4714.7 5832.0 330.8 3805.1 -4318.7 3759.3 2716.4 146.6 7761.9 8075.3 7947.3 128.0 6586.0 1489.3 7242.1 893.2 450.9 442.3 51.7 53.1 159.4 76.6 337.5 -260.9 484.1 223.2 36.7 107.0 65.5 302.2 5.7 440.6 216.9 363.3 89.7 50.5 5.6 11.8 11.7 23.0 22.9 735.6 2.8 5.5 8.3 7.4 4.4 104.0 -16.2 32.9 36.3

2006
610.2 1329.3 1939.5 605.0 0.0 432.9 1037.9 2977.4 460.1 448.9 11.2 3324.2 2576.0 6360.3 6528.0 7565.9 -167.7 4654.9 -6067.9 4346.6 3144.9 162.3 9505.2 11042.2 10885.9 156.3 8994.5 2047.7 9872.5 1258.9 742.1 516.8 50.0 0.0 303.8 -69.7 466.8 -536.5 629.1 92.6 34.9 97.4 58.0 390.1 5.4 -669.7 679.4 317.8 89.4 58.9 6.7 15.9 9.7 23.7 26.6 0.0 0.0 4.7 8.5 7.6 6.0 116.2 2.4 36.7 31.8

2007
763.6 2114.3 2877.9 605.0 0.0 1501.2 2106.2 4984.1 549.1 536.6 12.5 3862.0 2507.7 6918.8 5981.0 8087.2 937.8 4790.4 -5431.9 5425.6 4046.4 201.2 10965.2 13077.7 12939.7 138.0 10547.8 2529.9 11545.8 1644.5 937.1 707.4 59.1 0.0 190.9 2006.7 648.3 1358.4 849.5 2207.9 42.3 115.7 73.8 281.0 6.5 32.3 38.5 376.9 88.3 57.0 7.2 19.6 8.4 22.5 24.6 0.0 0.0 5.4 9.3 8.5 6.4 119.3 116.3 18.4 37.7

2008
970.4 3572.7 4543.1 526.3 0.0 2570.4 3096.7 7639.8

2009
970.4 1927.2 2897.6 526.3 0.0 3596.8 4123.1 7020.7

487.4 214.9 434.5 193.1 52.9 21.8 5429.9 5293.1 3571.2 3258.6 9488.5 8766.6 8079.8 11465.9 11176.5 15589.0 1408.7 -2699.3 6648.7 8009.4 -7592.4 -11251.0 7768.8 6231.1 216.5 15719.6 12652.0 12561.9 90.1 9801.9 2850.1 11159.2 1607.2 972.6 634.6 39.9 0.0 0.0 2655.7 594.7 2061.0 811.2 2872.2 40.5 117.4 73.2 246.0 4.0 22.4 28.2 468.2 88.2 60.5 7.7 14.6 6.3 33.3 14.0 0.0 0.0 5.0 6.5 6.1 5.4 80.5 -30.1 -3.3 46.8 11528.9 9720.0 315.3 18486.6 14621.6 14498.1 123.5 11283.8 3337.8 12901.7 1766.2 1372.7 393.5 66.9 0.0 97.0 -619.1 326.6 -945.7 641.9 -303.8 58.7 76.5 48.0 538.0 2.1 -52.8 -211.3 298.6 88.2 77.7 9.4 17.1 17.0 26.0 13.6 0.0 0.0 2.7 4.1 3.4 5.1 79.1 -36.9 15.6 29.9

356

Pak Suzuki Motor Company Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

491.3 4971.0 5462.3 0.0 0.0 0.0 0.0 5462.3 6795.4 6694.0 101.4 670.8 3765.3 11231.5 7972.6 7972.6 3258.9 0.0 -1177.2 5105.4 2203.5 373.7 13435.0 28670.9 28670.9 0.0 26254.3 2416.6 26680.6 2179.8 40.1 2139.7 772.0 145.9 0.0 1509.7 1221.8 287.9 1595.5 1883.4 0.0 140.9 93.6 146.0 15.9 80.9 84.7 1111.8 93.1 1.8 0.1 36.1 0.5 39.2 937.4 2.7 7.5 43.6 27.8 40.4 213.4 -10.1 52.1 111.2

2005
540.4 7220.5 7760.9 0.0 0.0 0.0 0.0 7760.9 9913.9 9647.0 266.9 414.9 4968.1 15296.9 10863.4 10863.4 4433.5 0.0 -949.5 6695.3 3327.5 569.1 18624.4 41381.3 41381.3 0.0 37808.4 3572.9 38479.6 3636.0 116.5 3519.5 950.0 270.2 49.1 2298.6 2299.3 -0.7 2868.4 2867.7 0.0 140.8 95.1 140.0 18.9 100.0 100.0 1436.1 93.0 3.2 0.3 27.0 0.0 45.3 951.0 3.5 8.5 65.1 47.5 25.8 222.2 49.3 44.3 143.6

2006
540.4 10145.6 10686.0 0.0 0.0 0.0 0.0 10686.0 8324.2 8043.6 280.6 727.6 9232.7 18284.5 11131.4 11131.4 7153.1 0.0 -2807.2 7695.3 3533.0 903.9 21817.5 47187.9 47187.9 0.0 41627.2 5560.7 42876.9 5359.5 220.5 5139.0 1871.0 0.0 270.2 2925.1 3268.0 -342.9 4171.9 3829.0 0.0 164.3 81.3 104.2 23.6 111.7 109.0 1977.4 90.9 4.1 0.5 0.0 36.4 0.3 48.1 0.0 0.0 10.9 95.1 60.5 27.2 216.3 46.1 14.0 197.7

2007
823.0 12767.2 13590.2 0.0 0.0 0.0 0.0 13590.2 5627.4 5484.1 143.3 1644.7 9184.4 16456.5 7224.3 7224.3 9232.2 0.0 -1596.9 9717.2 4358.2 1084.4 20814.7 60747.8 60650.3 97.5 55987.6 4760.2 57243.8 4425.0 143.8 4281.2 1465.0 411.5 0.0 2904.2 2404.7 499.5 3489.1 3988.6 0.0 227.8 100.7 53.2 20.6 82.8 87.5 1651.3 94.2 3.2 0.2 0.0 34.2 0.3 31.5 684.4 3.0 7.0 52.0 34.2 28.0 291.9 -45.3 28.7 165.1

2008
823.0 12945.9 13768.9 0.0 0.0 0.0 0.0 13768.9 2503.5 2499.1 4.4 1757.8 7732.5 11993.8 2803.5 2803.5 9190.3 0.0 -300.0 10881.2 4578.4 965.9 16572.2 48240.7 48240.7 0.0 47650.1 590.6 48538.0 1045.6 53.5 992.1 330.0 82.3 0.0 178.7 579.8 -401.1 1545.7 1144.6 0.0 427.8 152.0 20.4 6.0 324.5 135.0 1673.0 100.6 5.1 0.1 0.0 33.3 0.6 7.2 804.5 0.6 2.1 12.1 8.0 22.2 291.1 -76.7 -20.6 167.3

2009
823.0 13154.9 13977.9 0.0 0.0 0.0 0.0 13977.9 3550.0 3545.6 4.4 2193.5 6879.7 12623.2 3330.1 3330.1 9293.1 80.0 219.9 11791.7 4684.7 816.1 17307.9 26234.1 26234.1 0.0 25664.8 569.3 26413.3 440.4 12.6 427.8 172.6 41.2 0.0 209.0 214.0 -5.0 1030.1 1025.1 0.0 379.1 172.5 23.8 2.5 102.4 100.5 1698.4 100.7 2.9 0.0 15.8 40.3 1.4 3.1 619.4 0.3 1.6 5.2 3.1 17.8 151.6 -57.0 -45.6 169.8

357

Pakistan Cables Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

39.0 172.8 211.8 0.0 0.0 0.0 0.0 211.8 25.9 16.8 9.1 232.2 499.3 757.4 621.3 621.3 136.1 340.9 -595.4 322.7 75.6 13.1 833.0 1287.2 1287.2 0.0 1102.9 184.3 1191.8 104.1 12.8 91.3 32.0 19.5 19.5 59.8 39.8 20.0 52.9 72.9 0.0 121.9 41.5 293.3 11.0 66.6 72.6 543.1 92.6 12.3 1.0 3.8 35.0 13.3 43.1 304.1 9.2 7.1 23.4 15.2 22.0 154.5 15.8 33.4 54.3

2005
58.5 798.5 857.0 0.0 0.0 0.0 0.0 857.0 35.6 26.5 9.1 296.6 723.9 1056.1 955.6 955.6 100.5 439.6 -920.0 1007.9 756.6 17.3 1812.7 2333.9 2333.9 0.0 2014.4 319.5 2135.3 207.2 36.9 170.3 44.2 26.1 0.0 645.2 100.0 545.2 117.3 662.5 0.0 110.5 34.8 111.5 9.4 15.5 17.7 1465.0 91.5 17.8 1.6 8.4 26.0 10.5 19.9 483.1 3.0 7.3 29.1 21.6 23.0 128.8 24.4 81.3 146.5

2006
97.6 937.1 1034.7 0.0 0.0 85.0 85.0 1119.7 285.4 248.0 37.4 453.3 984.4 1723.1 1598.6 1683.6 124.5 738.1 -1313.2 1274.9 995.2 33.1 2718.3 3492.2 3492.2 0.0 2997.1 495.1 3171.6 338.4 77.2 261.2 49.2 23.4 19.5 262.7 188.6 74.1 221.7 295.8 7.6 107.8 46.2 162.7 9.6 71.8 74.9 1060.1 90.8 22.8 2.2 10.5 18.8 11.3 25.2 906.0 2.3 7.5 26.8 21.7 4.4 128.5 -7.9 49.6 106.0

2007
146.3 1005.4 1151.7 0.0 0.0 135.8 135.8 1287.5 55.3 7.4 47.9 574.9 1133.4 1763.6 1691.6 1827.4 72.0 1162.3 -1636.3 1549.3 1215.5 59.4 2979.1 4810.8 4810.8 0.0 4196.6 614.2 4443.8 405.3 112.1 293.2 68.3 50.0 48.8 167.8 174.9 -7.1 234.3 227.2 10.5 104.3 37.3 158.7 9.8 104.2 103.1 787.2 92.4 27.7 2.3 9.6 23.3 10.5 25.5 449.8 4.3 6.1 20.0 15.4 6.0 161.5 -25.4 37.8 78.7

2008
195.1 1143.4 1338.5 0.0 0.0 270.8 270.8 1609.3 90.3 23.7 66.6 593.4 1018.6 1702.3 1736.6 2007.4 -34.3 1422.6 -1646.3 2030.9 1643.6 73.0 3345.9 4442.6 4442.6 0.0 4072.7 369.9 4442.1 184.0 130.4 53.6 19.7 0.0 19.5 321.8 33.9 287.9 106.9 394.8 16.8 98.0 39.4 150.0 1.6 10.5 27.1 686.1 100.0 70.9 2.9 9.2 36.8 8.9 4.0 0.0 0.0 1.2 2.7 1.7 6.0 132.8 -86.5 -7.7 68.6

2009
214.6 1187.8 1402.4 0.0 0.0 364.2 364.2 1766.6 157.6 40.2 117.4 480.7 657.9 1296.2 1241.1 1605.3 55.1 479.8 -1083.5 2194.4 1711.5 101.0 3007.7 3352.3 3352.3 0.0 2820.0 532.3 3045.1 331.8 230.0 101.8 1.7 48.3 0.0 157.3 51.8 105.5 152.8 258.3 20.6 104.4 51.4 114.5 3.4 32.9 59.2 653.5 90.8 69.3 6.9 47.9 1.7 9.6 7.3 207.2 3.4 3.0 4.7 4.7 6.1 111.5 74.1 -24.5 65.3

358

Pakistan Engineering Company Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

56.9 -6.7 50.2 0.0 0.0 1644.6 1644.6 1694.8 15.4 15.4 0.0 312.5 152.8 480.7 566.7 2211.3 -86.0 1976.7 -551.3 2056.7 1780.7 12.1 2261.4 457.4 457.4 0.0 396.4 61.0 451.4 33.0 46.8 -13.8 2.3 0.0 0.0 -11.7 -16.1 4.4 -4.0 0.4 97.0 84.8 57.9 4405.0 -0.6 -1000.0 88.2 98.7 141.8 10.2 2.4 0.0 -27.5 0.0 -3.0 -2.4 -2.8 0.7 20.2 118.2 69.7 8.8

2005
56.9 73.1 130.0 0.0 0.0 1792.7 1792.7 1922.7 45.8 45.8 0.0 361.9 362.7 770.4 618.9 2411.6 151.5 2246.5 -573.1 2058.4 1771.3 11.9 2541.7 980.0 980.0 0.0 715.9 264.1 886.9 112.1 19.8 92.3 4.3 0.0 0.0 227.9 88.0 139.9 99.9 239.8 93.2 124.5 65.9 1855.1 3.6 38.6 41.7 228.5 90.5 17.7 2.0 0.9 4.7 0.0 71.0 0.0 9.4 16.2 15.5 0.7 38.6 -775.0 114.3 22.8

2006
56.9 182.6 239.5 0.0 0.0 1792.4 1792.4 2031.9 93.8 32.9 60.9 401.3 214.9 710.0 441.3 2233.7 268.7 2048.1 -347.5 2059.0 1763.1 11.0 2473.1 959.9 959.9 0.0 742.4 217.5 835.0 131.7 18.0 113.7 4.2 0.0 0.0 109.2 109.5 -0.3 120.5 120.2 88.2 160.9 112.2 932.7 4.6 100.3 100.2 420.9 87.0 13.7 1.9 0.9 3.7 22.2 47.5 0.0 0.0 11.8 20.0 19.2 0.6 38.8 23.5 -2.1 42.1

2007
56.9 414.5 471.4 0.0 0.0 1941.1 1941.1 2412.5 156.4 104.9 51.5 498.3 211.7 866.4 219.6 2160.7 646.8 1982.2 -63.2 2072.9 1765.6 12.1 2632.0 1123.2 1123.2 0.0 900.0 223.2 976.2 210.3 8.6 201.7 4.9 31.3 0.0 380.6 165.5 215.1 177.6 392.7 80.5 394.5 298.1 458.4 7.7 43.5 45.2 828.5 86.9 4.1 0.8 0.4 2.4 23.3 42.8 628.8 6.6 18.0 35.4 34.6 0.7 42.7 77.0 17.0 82.8

2008
56.9 487.0 543.9 0.0 0.0 1940.6 1940.6 2484.5 56.0 24.5 31.5 578.2 268.8 903.0 237.7 2178.3 665.3 1968.1 -181.7 2137.2 1819.1 13.1 2722.1 1184.5 1184.5 0.0 954.3 230.2 1026.5 176.8 8.3 168.5 59.0 0.0 0.0 72.0 109.5 -37.5 122.6 85.1 78.1 379.9 266.8 400.5 6.2 152.1 144.1 955.9 86.7 4.7 0.7 0.4 35.0 31.0 31.0 0.0 0.0 14.2 29.6 19.2 0.7 43.5 -16.4 5.5 95.6

2009
56.9 3690.8 3747.7 10.0 0.0 76.3 86.3 3834.0 28.3 28.3 0.0 951.4 445.5 1425.2 2184.0 2270.3 -758.8 137.0 -2155.7 4888.1 4592.8 15.2 6018.0 1361.6 1361.6 0.0 1035.3 326.3 1122.2 283.7 82.6 201.1 17.7 71.1 0.0 1349.5 112.3 1237.2 127.5 1364.7 2.3 65.3 44.9 60.6 3.3 8.3 9.3 6586.5 82.4 29.1 6.1 60.3 8.8 25.5 5.4 257.9 1.9 14.8 35.3 32.2 1.0 22.6 19.3 15.0 658.6

359

Pakistan Telephone Cables Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

210.0 -26.8 183.2 0.0 0.0 13.1 13.1 196.3 7.3 7.3 0.0 90.7 79.1 177.1 159.9 173.0 17.2 55.3 -152.6 229.0 179.1 14.9 356.2 506.9 506.9 0.0 451.0 55.9 488.9 18.0 8.2 9.8 3.9 0.0 0.0 24.7 5.9 18.8 20.8 39.6 6.7 110.8 61.3 94.4 2.8 23.9 52.5 87.2 96.4 45.6 1.6 14.8 39.8 6.6 5.3 0.0 1.9 0.5 0.3 7.9 142.3 150.0 7.9 8.7

2005
210.0 -0.6 209.4 0.0 0.0 4.8 4.8 214.2 1.5 1.5 0.0 151.7 150.3 303.5 428.8 433.6 -125.3 120.5 -427.3 353.3 339.5 15.8 643.0 786.5 786.5 0.0 737.2 49.3 769.3 17.7 12.4 5.3 3.4 0.0 0.0 17.9 1.9 16.0 17.7 33.7 2.2 70.8 35.7 207.1 0.8 10.6 52.5 99.7 97.8 70.1 1.6 10.3 64.2 5.3 2.5 0.0 0.7 0.3 0.1 11.9 122.3 -40.0 55.2 10.0

2006
210.0 52.3 262.3 0.0 0.0 25.1 25.1 287.4 9.8 9.8 0.0 125.6 135.3 270.7 369.5 394.6 -98.8 160.6 -359.7 434.2 386.2 35.4 656.9 1043.7 1043.7 0.0 1013.3 30.4 1041.7 7.8 20.6 -12.8 4.6 0.0 0.0 73.2 -17.4 90.6 18.0 108.6 8.7 73.3 36.6 150.4 -1.9 -23.8 16.6 124.9 99.8 264.1 2.0 12.8 -35.9 1.3 -4.9 0.0 0.0 -1.2 -0.6 -0.8 10.4 158.9 -300.0 32.7 12.5

2007
210.0 42.3 252.3 0.0 0.0 10.9 10.9 263.2 2.8 2.8 0.0 109.0 188.8 300.6 393.9 404.8 -93.3 105.8 -391.1 438.9 356.4 36.3 657.0 772.7 772.7 0.0 720.0 52.7 750.9 26.4 32.3 -5.9 4.6 0.0 0.0 -24.2 -10.5 -13.7 25.8 12.1 4.1 76.3 28.4 160.4 -0.9 43.4 213.2 120.1 97.2 122.3 4.2 30.5 -78.0 8.8 -2.3 0.0 0.0 -0.8 -0.3 -0.5 9.4 117.6 -50.0 -26.0 12.0

2008
210.0 49.0 259.0 0.0 0.0 4.9 4.9 263.9 4.6 4.6 0.0 97.7 212.2 314.5 389.0 393.9 -74.5 111.7 -384.4 451.6 338.5 33.0 653.0 908.8 908.8 0.0 840.2 68.6 878.4 41.7 30.0 11.7 3.9 10.5 0.0 0.7 -2.7 3.4 30.3 33.7 1.9 80.8 26.3 152.1 1.8 -385.7 89.9 123.3 96.7 71.9 3.3 26.9 33.3 6.4 4.5 74.3 4.1 1.3 0.6 0.4 9.3 139.2 -300.0 17.6 12.3

2009
210.0 -54.4 155.6 0.0 0.0 0.0 0.0 155.6 1.3 1.3 0.0 61.2 210.6 273.1 425.1 425.1 -152.0 85.1 -423.8 451.8 307.5 31.1 580.6 125.2 125.2 0.0 165.3 -40.1 190.7 -82.4 31.2 -113.6 0.0 0.0 0.0 -108.3 -113.6 5.3 -82.5 -77.2 0.0 64.2 14.7 273.2 -19.6 104.9 106.9 74.1 152.3 -37.9 24.9 36.7 0.0 22.6 -73.0 0.0 0.0 -90.7 -5.4 -5.4 9.2 21.6 -1000.0 -86.2 7.4

360

Sazgar Engineering Works Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

71.6 -11.5 60.1 0.0 0.0 3.7 3.7 63.8 3.1 3.1 0.0 28.7 41.3 73.1 72.5 76.2 0.6 21.5 -69.4 103.8 63.3 5.5 136.4 252.1 252.1 0.0 208.7 43.4 219.6 32.5 3.5 29.0 7.4 0.0 0.0 20.0 21.6 -1.6 27.1 25.5 5.8 100.8 43.9 126.8 21.3 108.0 106.3 83.9 87.1 10.8 1.4 16.3 25.5 5.4 48.3 0.0 11.5 4.1 3.0 8.8 184.8 105.0 71.6 8.4

2005
71.6 15.4 87.0 0.0 0.0 13.7 13.7 100.7 0.6 0.6 0.0 45.6 59.8 106.0 94.7 108.4 11.3 43.3 -94.1 134.2 89.4 8.3 195.4 332.4 332.4 0.0 286.7 45.7 300.9 32.8 3.1 29.7 7.2 0.0 0.0 36.9 22.5 14.4 30.8 45.2 13.6 111.9 48.8 124.6 15.2 61.0 68.1 121.5 90.5 9.5 0.9 7.2 24.2 6.7 34.1 0.0 8.9 4.1 3.1 12.2 170.1 0.0 31.9 12.2

2006
71.6 48.2 119.8 0.0 0.0 9.8 9.8 129.6 0.8 0.8 0.0 69.1 79.3 149.2 122.9 132.7 26.3 39.7 -122.1 163.1 103.4 8.9 252.6 439.3 439.3 0.0 361.1 78.2 382.7 56.6 5.1 51.5 14.9 0.0 0.0 28.9 36.6 -7.7 45.5 37.8 7.6 121.4 56.9 110.8 20.4 126.6 120.4 167.3 87.1 9.0 1.2 12.8 28.9 9.4 43.0 0.0 0.0 11.7 7.2 5.1 10.0 173.9 75.6 32.2 16.7

2007
78.8 88.9 167.7 0.0 0.0 13.8 13.8 181.5 18.4 18.4 0.0 98.7 125.2 242.3 186.2 200.0 56.1 26.7 -167.8 176.1 125.3 9.9 367.6 724.2 724.2 0.0 602.1 122.1 636.6 87.7 5.4 82.3 23.2 7.9 7.9 51.9 51.2 0.7 61.1 61.8 7.6 130.1 62.9 119.3 22.4 98.7 98.9 212.8 87.9 6.2 0.7 20.2 28.2 6.0 49.1 748.1 4.7 11.4 10.4 7.5 9.6 197.0 44.4 64.9 21.3

2008
86.7 209.0 295.7 0.0 0.0 16.7 16.7 312.4 12.0 12.0 0.0 263.9 193.3 469.2 366.7 383.4 102.5 92.3 -354.7 288.9 209.9 12.4 679.1 1943.7 1943.7 0.0 1640.8 302.9 1723.6 220.4 11.6 208.8 67.6 0.0 17.3 130.9 141.2 -10.3 153.6 143.3 5.3 128.0 75.2 129.7 30.7 107.9 107.2 341.1 88.7 5.3 0.6 12.6 32.4 10.4 70.6 0.0 0.0 10.7 24.1 16.3 9.9 286.2 131.7 168.4 34.1

2009
104.0 206.5 310.5 0.0 0.0 7.1 7.1 317.6 19.8 19.8 0.0 168.2 194.8 382.8 288.0 295.1 94.8 38.3 -268.2 316.6 222.8 15.7 605.6 952.5 952.5 0.0 848.7 103.8 912.4 41.3 15.3 26.0 3.6 0.0 20.8 5.2 22.4 -17.2 38.1 20.9 2.2 132.9 65.3 95.0 4.3 430.8 182.3 298.6 95.8 37.0 1.6 39.9 13.8 10.1 8.4 0.0 0.0 2.7 2.5 2.2 7.5 157.3 -89.6 -51.0 29.9

361

Siemens (Pakistan) Engineering Co. Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

77.7 2034.5 2112.2 0.0 0.0 0.0 0.0 2112.2 1701.5 1348.7 352.8 2720.2 0.0 4421.7 2835.0 2835.0 1586.7 11.1 -1133.5 1220.2 525.5 98.7 4947.2 7573.0 7573.0 0.0 6320.9 1252.1 7050.1 800.3 39.6 760.7 321.7 155.4 0.0 324.4 283.6 40.8 382.3 423.1 0.0 156.0 156.0 134.2 15.4 87.4 90.4 2718.4 93.1 4.9 0.5 356.8 42.3 12.5 36.0 282.5 7.4 10.0 97.9 56.5 19.9 153.1 23.3 28.4 271.8

2005
77.7 2356.8 2434.5 0.0 0.0 0.0 0.0 2434.5 1743.8 1743.8 0.0 3150.0 2337.5 7231.3 5399.6 5399.6 1831.7 104.6 -3655.8 1421.9 602.9 128.3 7834.2 13374.5 12856.8 517.7 11609.9 1764.6 12677.5 1327.1 94.1 1233.0 444.0 233.1 0.0 322.3 555.9 -233.6 684.2 450.6 0.0 133.9 90.6 221.8 15.7 172.5 151.8 3133.2 94.8 7.1 0.7 90.0 36.0 13.2 50.6 338.5 9.6 9.2 158.7 101.5 24.4 170.7 62.1 76.6 313.3

2006
77.7 2620.1 2697.8 0.0 0.0 0.0 0.0 2697.8 2267.3 1767.3 500.0 6731.4 2285.2 11283.9 9324.1 9324.1 1959.8 503.7 -7056.8 1664.6 738.0 152.2 12021.9 20998.2 20866.6 131.6 18546.4 2451.8 19975.2 1773.3 264.9 1508.4 926.0 512.8 0.0 263.3 69.6 193.7 221.8 415.5 0.0 121.0 96.5 345.6 12.5 26.4 53.4 3472.1 95.1 14.9 1.3 52.6 61.4 24.3 55.9 113.6 19.0 7.2 194.1 75.0 25.2 174.7 22.3 57.0 347.2

2007
82.5 5262.2 5344.7 0.0 0.0 0.0 0.0 5344.7

2008
82.5 6199.7 6282.2 0.0 0.0 0.0 0.0 6282.2

2009
82.5 6822.7 6905.2 0.0 0.0 0.0 0.0 6905.2

3311.9 3407.2 1403.1 3311.9 3407.2 1403.1 0.0 0.0 0.0 9563.0 15183.7 16819.4 3166.7 4588.7 4367.4 16041.6 23179.6 22589.9 12229.6 18487.1 17347.2 12229.6 18487.1 17347.2 3812.0 4692.5 5242.7 2357.2 907.9 155.7 -8917.7 -15079.9 -15944.1 2508.7 1532.6 199.3 17574.2 22238.9 22133.5 105.4 19113.8 3125.1 20671.2 2281.5 316.9 1964.6 913.9 742.2 0.0 2646.9 308.5 2338.4 507.8 2846.2 0.0 131.2 105.3 228.8 11.2 11.7 17.8 6478.4 93.0 13.9 1.4 13.4 46.5 29.8 36.8 141.6 13.9 8.8 238.1 127.4 13.5 126.5 22.7 5.9 647.8 2679.7 1589.7 205.7 24769.3 27236.5 26792.2 444.3 23222.6 4013.9 24890.9 2818.0 253.8 2564.2 885.1 742.2 0.0 937.5 936.9 0.6 1142.6 1143.2 0.0 125.4 100.6 294.3 10.4 99.9 99.9 7614.8 91.4 9.0 0.9 28.0 34.5 40.9 40.8 226.2 11.8 9.4 310.8 203.5 13.4 110.0 30.5 22.5 761.5 2934.8 1662.5 214.2 24252.4 36149.4 14202.4 21947.0 32165.0 3984.4 34016.7 2481.1 336.6 2144.5 938.6 742.2 0.0 623.0 463.7 159.3 677.9 837.2 0.0 130.2 105.0 251.2 8.8 74.4 81.0 8369.9 94.1 13.6 0.9 216.2 43.8 37.6 31.1 162.5 10.7 5.9 259.9 146.2 13.5 149.1 -16.4 32.7 837.0

362

Singer Pakistan Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

113.3 100.5 213.8 0.0 0.0 97.9 97.9 311.7 54.8 47.5 7.3 546.1 162.0 762.9 528.4 626.3 234.5 396.1 -473.6 203.2 77.3 10.4 840.2 979.5 979.5 0.0 798.8 180.7 917.5 64.6 28.8 35.8 14.5 11.3 0.0 -43.9 10.0 -53.9 20.4 -33.5 31.4 144.4 113.7 292.9 4.3 188.7 93.7 44.6 2.9 7.3 40.5 86.5 16.7 188.5 5.3 3.7 3.2 1.9 14.9 116.6 52.4 17.2 18.9

2005
113.3 111.9 225.2 0.0 0.0 142.4 142.4 367.6 68.4 61.3 7.1 644.3 229.4 942.1 673.8 816.2 268.3 543.4 -605.4 229.5 99.2 11.5 1041.3 1197.2 1197.2 0.0 982.3 214.9 1114.7 86.5 44.9 41.6 15.8 14.2 0.0 55.9 11.6 44.3 23.1 67.4 38.7 139.8 105.8 362.4 4.0 20.8 34.3 198.8 93.1 51.9 3.8 8.3 38.0 49.2 18.5 181.7 6.3 3.5 3.7 2.3 14.9 115.0 15.6 22.2 19.9

2006
133.2 121.5 254.7 0.0 0.0 149.7 149.7 404.4 79.5 72.5 7.0 740.5 305.5 1125.5 831.4 981.1 294.1 617.5 -751.9 249.4 110.3 11.5 1235.8 1569.0 1569.0 0.0 1288.9 280.1 1459.6 115.0 70.9 44.1 11.2 0.0 0.0 36.8 32.9 3.9 44.4 48.3 37.0 135.4 98.6 385.2 3.6 89.4 91.9 191.2 93.0 61.7 4.5 11.5 25.4 43.1 17.3 0.0 0.0 2.8 3.3 2.5 11.6 127.0 -10.8 31.1 19.1

2007
245.0 139.6 384.6 0.0 0.0 221.6 221.6 606.2 106.3 99.4 6.9 901.5 393.3 1401.1 951.7 1173.3 449.4 767.9 -845.4 306.0 156.9 13.6 1558.0 1744.2 1744.2 0.0 1385.8 358.4 1605.1 148.2 85.9 62.3 17.6 0.0 30.6 201.8 44.7 157.1 58.3 215.4 36.6 147.2 105.9 305.1 4.0 22.2 27.1 157.0 92.0 58.0 4.9 11.2 28.3 46.4 16.2 0.0 0.0 3.6 2.5 1.8 12.3 112.0 -24.2 11.2 15.7

2008
275.7 158.6 434.3 0.0 0.0 213.2 213.2 647.5 129.1 129.1 0.0 1009.0 502.0 1640.1 1204.9 1418.1 435.2 976.0 -1075.8 278.6 212.2 18.0 1852.3 2349.8 2349.8 0.0 1901.4 448.4 2161.0 194.2 125.4 68.8 11.4 0.0 34.5 41.3 57.4 -16.1 75.4 59.3 32.9 136.1 94.5 326.5 3.7 139.0 127.2 157.5 92.0 64.6 5.3 12.8 16.6 37.8 15.8 0.0 0.0 2.9 2.5 2.1 11.5 126.9 0.0 34.7 15.8

2009
310.1 153.9 464.0 0.0 0.0 183.7 183.7 647.7 142.7 142.7 0.0 1055.0 456.6 1654.3 1217.0 1400.7 437.3 989.4 -1074.3 396.3 210.5 21.1 1864.8 1999.5 1977.6 21.9 1553.8 445.7 1799.6 203.8 165.2 38.6 9.8 0.0 31.0 0.2 28.8 -28.6 49.9 21.3 28.4 135.9 98.4 301.9 2.1 14400.0 234.3 149.6 90.0 81.1 8.3 16.7 25.4 46.2 8.3 0.0 0.0 1.9 1.2 0.9 9.9 107.2 -52.0 -14.9 15.0

363

The Climax Engineering Company Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

33.1 153.3 186.4 0.0 0.0 73.6 73.6 260.0 2.1 2.1 0.0 79.9 217.8 299.8 305.5 379.1 -5.7 161.8 -303.4 292.1 265.8 14.2 565.6 188.0 188.0 0.0 179.3 8.7 211.1 4.3 1.9 2.4 0.9 0.0 0.0 370.0 1.5 368.5 15.7 384.2 28.3 98.1 26.8 203.4 0.4 0.4 4.1 563.1 112.3 44.2 1.0 1.2 37.5 19.7 1.3 0.0 1.3 0.7 0.5 84.0 33.2 -108.9 14.4 56.3

2005
33.1 142.9 176.0 0.0 0.0 42.7 42.7 218.7 11.9 11.9 0.0 72.9 243.0 327.8 362.8 405.5 -35.0 109.1 -350.9 293.1 253.9 12.9 581.7 262.7 262.7 0.0 246.0 16.7 279.9 2.1 0.8 1.3 1.2 0.0 0.0 -41.3 0.1 -41.4 13.0 -28.4 19.5 90.4 23.4 230.4 0.2 531.7 106.5 38.1 0.3 0.7 92.3 15.0 0.7 0.0 0.5 0.4 0.0 4.9 45.2 -42.9 39.7 53.2

2006
33.1 213.0 246.1 0.0 0.0 0.0 0.0 246.1 23.9 23.9 0.0 81.1 246.9 351.9 349.3 349.3 2.6 48.0 -325.4 294.4 243.6 11.6 595.5 224.1 224.1 0.0 210.1 14.0 251.3 9.8 0.9 8.9 1.1 0.0 0.0 27.4 7.8 19.6 19.4 39.0 0.0 100.7 30.1 141.9 1.5 28.5 49.7 743.5 112.1 9.2 0.4 1.9 12.4 14.5 3.6 0.0 0.0 4.0 2.7 2.4 4.6 37.6 575.0 -14.7 74.4

2007
33.1 418.8 451.9 0.0 0.0 0.0 0.0 451.9 1.4 1.4 0.0 110.3 251.9 363.6 286.2 286.2 77.4 59.8 -284.8 406.9 374.6 16.8 738.2 232.8 232.8 0.0 219.7 13.1 259.5 21.3 7.0 14.3 1.2 0.0 0.0 205.8 13.1 192.7 29.9 222.6 0.0 127.0 39.0 63.3 1.9 6.4 13.4 1365.3 111.5 32.9 3.0 11.7 8.4 23.0 3.2 0.0 0.0 6.1 4.3 4.0 6.9 31.5 59.3 3.9 136.5

2008
33.1 391.9 425.0 0.0 0.0 0.8 0.8 425.8 6.8 6.8 0.0 117.5 250.9 375.2 309.8 310.6 65.4 59.6 -303.0 406.4 360.4 15.3 735.6 226.2 226.2 0.0 217.6 8.6 256.2 -28.8 9.2 -38.0 1.1 0.0 0.0 -26.1 -39.1 13.0 -23.8 -10.8 0.2 121.1 40.1 73.1 -5.2 149.8 220.4 1284.0 113.3 -31.9 4.1 15.4 -2.9 25.9 -8.9 0.0 0.0 -16.8 -11.5 -11.8 4.1 30.8 -367.4 -2.8 128.4

2009
33.1 366.7 399.8 0.0 0.0 0.4 0.4 400.2 12.3 12.3 0.0 147.8 230.3 390.4 336.8 337.2 53.6 59.9 -324.5 406.5 346.8 13.8 737.2 300.5 300.5 0.0 274.6 25.9 312.3 -10.5 11.5 -22.0 0.0 0.0 0.0 -25.6 -22.0 -3.6 -8.2 -11.8 0.1 115.9 47.5 84.3 -3.0 85.9 69.5 1207.9 103.9 -109.5 3.8 19.2 0.0 29.8 -5.5 0.0 0.0 -7.3 -6.6 -6.6 3.8 40.8 -42.6 32.8 120.8

364

Transmission Engineering Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

45.0 -80.3 -35.3 0.0 0.0 43.6 43.6 8.3 0.9 0.9 0.0 32.8 10.4 44.1 84.1 127.7 -40.0 68.3 -83.2 104.0 48.3 4.5 92.4 85.5 73.8 11.7 70.2 15.3 78.2 9.1 5.5 3.6 0.4 0.5 0.0 12.5 2.7 9.8 7.2 17.0 525.3 52.4 40.1 3.9 21.6 42.4 -78.4 91.5 60.4 6.4 8.1 11.1 19.2 640.0 4.2 0.8 0.7 11.5 92.5 -172.7 47.2 -7.8

2005
45.0 -76.2 -31.2 0.0 0.0 48.2 48.2 17.0 13.9 0.3 13.6 34.5 5.8 54.2 87.6 135.8 -33.4 76.8 -73.7 110.6 50.4 5.2 104.6 98.1 98.1 0.0 82.9 15.2 92.3 11.2 6.6 4.6 0.4 0.0 0.0 8.7 4.2 4.5 9.4 13.9 283.5 61.9 55.3 4.4 48.3 67.6 -69.3 94.1 58.9 6.7 8.6 8.7 15.8 4.7 1.0 0.9 10.8 93.8 25.0 14.7 -6.9

2006
45.0 -81.6 -36.6 0.0 0.0 55.8 55.8 19.2 16.0 0.2 15.8 30.9 6.6 53.5 84.8 140.6 -31.3 74.7 -68.8 115.7 50.5 5.4 104.0 115.6 115.6 0.0 103.4 12.2 115.5 3.8 7.6 -3.8 0.5 0.0 0.0 2.2 -4.3 6.5 1.1 7.6 290.6 63.1 55.3 0.0 -3.7 -195.5 14.5 -81.3 99.9 200.0 6.6 10.2 -13.2 11.7 0.0 0.0 0.0 -3.3 -0.8 -1.0 10.7 111.2 -180.0 17.8 -8.1

2007
45.0 -112.0 -67.0 0.0 0.0 57.9 57.9 -9.1 0.7 0.7 0.0 34.9 6.8 42.4 106.5 164.4 -64.1 81.5 -105.8 122.8 54.9 5.9 97.3 106.6 106.6 0.0 105.6 1.0 131.0 -20.9 8.9 -29.8 0.6 0.0 0.0 -28.3 -30.4 2.1 -24.5 -22.4 0.0 39.8 33.4 0.0 -30.6 107.4 109.4 -148.9 122.9 -42.6 8.3 10.9 -2.0 14.4 0.0 0.0 0.0 -28.0 -6.6 -6.8 11.7 109.6 725.0 -7.8 -14.9

2008
45.0 -120.1 -75.1 0.0 0.0 59.9 59.9 -15.2 0.2 0.2 0.0 45.6 8.8 54.6 118.9 178.8 -64.3 85.2 -118.7 122.1 49.1 5.7 103.7 97.5 97.5 0.0 98.4 -0.9 114.1 -13.3 14.8 -28.1 0.6 0.0 0.0 -6.1 -28.7 22.6 -23.0 -0.4 0.0 45.9 38.5 0.0 -27.1 470.5 5750.0 -166.9 117.0 -111.3 15.2 17.4 -2.1 14.1 0.0 0.0 0.0 -28.8 -6.2 -6.4 10.4 94.0 -6.1 -8.5 -16.7

2009
117.0 -113.1 3.9 0.0 0.0 45.8 45.8 49.7 0.3 0.3 0.0 66.8 13.2 80.3 75.8 121.6 4.5 75.1 -75.5 123.1 45.2 5.2 125.5 123.6 92.3 31.3 105.0 18.6 116.8 16.7 8.2 8.5 0.6 2.3 0.0 64.9 5.6 59.3 10.8 70.1 92.2 105.9 88.5 3117.9 6.8 8.6 15.4 3.3 94.5 49.1 6.6 10.9 7.1 25.3 217.9 343.5 59.0 6.9 0.7 0.7 10.6 98.5 -111.3 26.8 0.3

365

Ados Pakistan Ltd.

House No.88, Khayaban-e-Iqbal, F-8/2, Islamabad.

Management
Mr. Zia Akbar Ansari(Chief Executive) Mr. Jamal Akbar Ansari(Director) Shaikh Usman Ahmed(Director) Mrs. Uzma Jamal(Director) Mrs. Shoobarana Zia(Director) Mrs. Razia Akbar Ansari(Director) Ms. Sabina Ansari(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Citi Bank N. A.

Banker
Dubai Islamic Bank (Pakistan) Ltd. NIB Bank Ltd. Bank Al-Falah Ltd. Bank Islami Pakistan Ltd.

Auditor
M/s. Anjum Asim Shahid Rehman & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 20.00 25.51 13.50 19.51

Production Desc
Engineering goods

Units

Capacity

Actual Production

Agriauto Industries Limited

5th Floor, House of Habib, 3 JCHS, Main Sharah-e-Faisal, Karachi.

Management
Mr. R. D. Minwalla(Chairman) Mr. Qazi Ebadullah Khan(Chief Executive) Mr. Suhail P. Ahmed(Director) Mr. Fahim Kapadia(Director) Mr. Tariq Saud Quddusi(Director) Mr. Owaisul Mustafa(Director) Mr. Syed Sikander Ahmed(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 40 26th October , 2009 30th June , 2009 Habib Bank Ltd.

Banker
National Bank Of Pakistan Faysal Bank Limited Askari Commercial Bank Ltd. Meezan Bank Ltd. Credit Agricole Indosuez

Auditor
M/S Ford Rhodes Sidat Hyder & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

5.00 32.64 81.93 17.50 37.45 5

Production Desc
Light tractors

Units

Capacity
determined

Actual Production

366

Al-Ghazi Tractors Ltd.

11th Floor, NICL Building, Abbasi Shaheed Road, Off Shahrah-e-Faisal, Karachi-74400.

Management
Mr. Charles Leonard hunt(Chairman) Mr. Parvez Ali(M.D. / C.E.O.) Mr. Franco Fusignani(Director) Mr. Kanwar Idris(Director) Mr. Mohammad Ali Qaiyum(Director) Mr. Hadjas Youssef(Director) Mr. Nisar Mahmood(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 400 24th March , 2010 Meezan Bank Ltd. Bank Al Habib Ltd. Habib Bank Ltd. Faysal Bank Ltd.

Banker
Askari Commerial Bank Ltd.

Auditor
M/S A. F. Ferguson & Co.

Hongkong & Shanghai Banking Corp.

Face Value Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

5.00 238.04 268.75 113.56 168.33 12

31st December , 2009

Production Desc
Tractors

Units
Numbers

Capacity
30,000

Actual Production
30,351

Atlas Battery Ltd.

D/181, Central Avenue, S.I.T.E., Karachi-75730.

Management
Mr. Yusuf H. Shirazi(Chairman) Mr. Talha Saad(Chief Executive) Mr. Javaid Anwar(Director) Mr. Aitzaz Shahbaz(Director) Mr. Hiroshi Tateiwa(Director) Mr. Muhammad Atta Karim(Director) Mr. Muhammad Iqbal(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 100 20 Atlas Bank Ltd. Habib Bank Ltd. MCB Bank Ltd.

Banker

Auditor
M/s. Hameed Chaudhri & Co.

National Bank Of Pakistan The Bank Of Tokyo-Mitsubishi Ltd. Bank Alflah Limited Allied Bank Ltd. 29th September, 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 144.00 155.00 63.60 103.70 12

Production Desc
Battery product

Units

Capacity

Actual Production

367

Atlas Engineering Ltd. (Allwin Engineering Industries Ltd.)

15th Mile, National Highway, Landhi, Karachi-75120.

Management
Mr. Yusuf H. Shirazi(Chairman) Mr. Mohammad Atta Karim(Director) Mr. H. Masood Sohail(Director) Mr. Sadaqat Ali(Director) Mr. Ali H. Shirazi(Director) Mr. Jawaid Iqbal Ahmad(Director) Mr. Sohail Wajahat H. Siddiqui(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Habib Bank Ltd. MCB Bank Ltd.

Banker

Auditor
M/s. Ford Rhodes Sidat Hyder & Co.

National Bank Of Pakistan Standard Chartered Bank ( Pakistan) Ltd. Atlas Bank Ltd. Bank Alflah Limited Faysal Bank Ltd. 12th October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 9.99 35.99 8.70 16.48

Production Desc
Automobile parts

Units

Capacity

Actual Production

Atlas Honda Ltd.

1-Mcleod Road, Lahore-54000.

Management
Mr. Yusuf H. Shirazi(Chairman) Mr. Saqib H. Shirazi(Chief Executive) Mr. Nurul Hoda(Director) Mr. Sanaullah Qureshi(Director) Mr. Sherali Mundrawala(Director) Mr. Osamu Ishikawa(Director) Mr. Masahiro Takedagawa(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30 15 Bank Al-Habib Ltd. Atlas Bank Ltd. Deutsche Bank A.G. United Bank Ltd. Habib Bank Ltd. MCB Bank Ltd.

Banker

Auditor
M/S Hameed Chaudhri & Co.

National Bank Of Pakistan 23rd June 30th June , 2009 , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 94.23 169.57 55.85 77.26 6

Production Desc
Multi types of products

Units

Capacity

Actual Production

368

Baluchistan Wheels Ltd.

Main RCD Highway, Hub Chowki, Distt. Lasbella, Baluchistan

Management
Mr. Muhammad Siddique Misri(Chairman) Syed Haroon Rashid (NIT)(Director) Mr. Irfan Ahmed Qureshi(Director) Mr. Muhammad Javed(Director) Mr. Muhammad Irfan Ghani(Director) Syed Zubair Ahmed (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 15 24th October , 2009 30th June , 2009 Faysal Bank Ltd. Mr. Razak Haji Muhammad Bengali(Chief Execu Habib Bank Ltd.

Banker

Auditor
M/s. Ford Rhodes Sidat Hyder & Co.

National Bank Of Pakistan Standard Chartered Bank ( Pakistan) Ltd. Bank Al Falah Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 28.00 60.00 6.75 29.54 5

Production Desc
Automative wheels

Units
Thousand units

Capacity
850

Actual Production
600

Bela Automotives Ltd.

PLot No. 1 & 3, Mouza Pathara, Hub Chowki. Balochistan.

Management
Mr. Abdul Mateen Allahwala(Chairman / C.E.O.) Bank Alflah Limited Mr. Anwar Iqbal(Director) Mr. Imran Mateen(Director) Mr. Omer Mateen Allahwala(Director) Mrs. Farnaz Anwar(Director) Mrs. Moniza Imran(Director) Mrs. Nelofer Mateen(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Atlas Bank Ltd. Habib Bank Ltd.

Banker

Auditor
M/s. Kabani Saeed Kamran Patel & Co.

Standard Chartered Bank ( Pakistan) Ltd. Allied Bank of Pakistan Ltd. National Bank of Pakistan MCB Bank Ltd. 31st December , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 4.57 9.30 4.00 7.14

Production Desc
Automobile parts

Units

Capacity

Actual Production

369

Bolan Castings Ltd.

Main RCD Highway, Tehsil: Hub Chowki, District: Lasbella, Balochistan.

Management
Mr. Sikandar M. Khan(Chairman) Mr. Shahid A. Hakim(Chief Executive) Mr. Latif Khalid Hashmi(Director) Mr. Sohail Bashir Rana(Director) Mr. Laeeq Uddin Ansari(Director) Mian Mohammad Saleem(Director) Mr. Mujtaba Ahmed(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 20 27th October , 2009 30th June , 2009 Habib Bank Ltd. RBS Bank Ltd. Bank Alfalah Ltd. MCB Bank Ltd. Dubai Islamic Bank JS Bank Ltd.

Banker

Auditor
M/s. Ford, Rhodes, Sidat Hyder & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 22.00 64.56 22.00 43.28 6

Production Desc
Casting of steel and iron

Units
M. Tons

Capacity
13,200

Actual Production
14,335

Crescent Steel & Allied Products Ltd.

BOP Tower,10-B, Block E-2, Main Boulevard, Gulberg-III, Lahore.

Management
Mr. Mazhar Karim(Chairman) Mr. Ahsan M. Saleem(Chief Executive) Mr. Javed Iqbal(Director) Mr. Muhammad Abdul Aleem(Director) Mr. Mohammad Anwar(Director) Mr. Nasir Shafi(Director) Mr. S. M. Ehtisamullah(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st August , 2009 30th June , 2009 Meezan Bank Ltd. Allied Bank Ltd. MCB Bank Ltd.

Banker
Standard Chartered Bank ( Pakistan) Ltd.

Auditor
M/s. Taseer Hadi & Co.

HSBC Bank Middle East Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 17.97 61.12 12.60 29.58

Production Desc
Steel pipe Coating outside surface of steel pipe Cotton spindles

Units
M.Tons Square meters M.Tons

Capacity
30,000 600,000 16,000

Actual Production
14,368 585,651 15,201

370

Dadex Eternit Ltd.

Dadex House, 34-A/1, Block 6, PECHS, Shahrah-e-Faisal, Karachi-75400.

Management
Mr. Abu Talib H.K. Dada(Chairman) Mr. Maqbool H.H. Rahimtoola(Director) Mr. Zulfiqar Ali Lakhani(Director) Mr. Samad Dada(Director) Mr. Jahangir Siddiqui(Director) Mr. Qazi Sajid Ali(Director) Mr. Shahzad M. Husain(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Habib Bank Ltd.

Banker
Habib Metropolitan Bank Limted HSBC Bank Middle East Limited KASB Bank Ltd. MCB Bank Ltd. National Bank Of Pakistan Oman International Bank S.A.O.G. 27th October , 2009 30th June , 2009 Face Value

Auditor
M/s. Ford Rhodes Sidat Hyder & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 79.00 127.60 63.90 95.75

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Different cc & uPVC pressure pipes, polydex and polythylene pipes etc.

Units

Capacity

Actual Production

Dewan Automotive Engineering Ltd. (Allied Motors Ltd.)

Finance & Trade Centre, Block-A, 7th Floor, Shahrah-e-Faisal, Karachi.

Management
Dewan Mohammad Yousuf Farooqui(Chairman / NIB Bank Ltd. Dewan Abdullah Ahmed(Managing Director) Dewan Abdul Rehman Farooqui(Director) Dewan Asim Mushtaq Farooqui(Director) Mr. Haroon Iqbal(Director) Dewan Abdul Baqi Farooqui(Director) Mrs. Hina Yousuf Farooqui(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) My Bank Ltd. The Bank Of Punjab

Banker

Auditor
M/s. Faruq Ali & Co.

The Royal Bank of Scotland Ltd. KASB Bank Ltd. MCB Bank Ltd. Habib Bank Ltd.

29th October , 2009 30th June , 2009

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.05 2.79 .50 1.87

Production Desc
Tractors Motorcycles

Units
Numbers Numbers

Capacity
6,000 60,000

Actual Production
10 6,858

371

Dewan Farooque Motors Ltd.

7th Floor, Block-A, Finance & Trade Centre, Off. Shahrah-e-Faisal, Karachi.

Management
Dewan Mohammad Yousuf Farooqui(Chairman / RBS Bank Ltd. Dewan Asim Mushtaq Farooqui(Director) Mr. Haroon Iqbal(Director) Dewan Abdul Baqi Farooqui(Director) Mrs. Hina Yousuf(Director) Mr. Aziz-ul-Haque(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%)

Banker
Allied Bank Of Pakistan Ltd. Bank Alfalah Ltd. KASB Bank Ltd. Habib Bank Ltd. Meezan Bank Ltd. 29th October , 2009 30th June , 2009 Face Value

Auditor
M/S Feroz Sharif Tariq & Co.

Dewan Abdullah Ahmed Swaleh Farooqui(Mana Askari Bank Ltd.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 1.68 6.90 1.27 2.95

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Automobiles

Units
Numbers

Capacity
10,000

Actual Production
2,323

Dost Steels Ltd.

Plot No. 222, Sector-39, Korangi Creek Industrial Area, Karachi.

Management
Mr. Jamal Iftakhar(Chairman/ C.E.) Mr. Zahid Iftakhar(Director) Mr. Faisal Zahid(Director) Mr. Bilal Jamal(Director) Mr. Hamza Raees(Director) Mr. Saad Zahid(Director) Mr. Mustafa Jamal(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Faysal Bank Ltd.

Banker
M/s. Haroon Zakaria & Co. National Bank of Pakistan. NIB Bank Ltd. Askari Commercial Bank Ltd. Bank Of Khyber The Royal Bank of Scotland 27th October , 2009 30th June , 2009 Face Value

Auditor

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 5.34 21.63 4.85 10.88

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Determined

Units

Capacity
-

Actual Production
-

372

Exide Pakistan Ltd.

A-44, Hill Street, Off. Manghopir Road, S.I.T.E, Karachi-75700

Management
Mr. Arif Hashwani(Chairman) Mr. Arshad Shehzada(M.D. / C.E.O.) Mr. S. Haider Mehdi(Director) Mr. Hussain Hashwani(Director) Mr. Mohammad Asif(Director) Mr. S.M. Faiq(Director) Mr. Altaf Hashwani(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 50 Askari Bank Ltd. United Bank Ltd. Habib Bank Ltd.

Banker
Standard Chartered Bank ( Pakistan) Ltd.

Auditor
M/s. A. F. Ferguson & Co.

Oman International Bank S.A.O.G. MCB Bank Ltd. Citi Bank N. A. 30th June 31st March , 2009 , 2009 Face Value Market Price as on 31/03/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 110.27 232.00 65.00 131.31 4

Production Desc
Chemicals for battery

Units
M. Tons

Capacity
33,000

Actual Production
32,533

General Tyre & Rubber Co. Ltd.

H-23/2, Landhi Industrial Trading Estate, Landhi, Karachi.

Management
Lt. Gen. (R) Ali Kuli Khan Khattak(Chairman) Mr. Irfan Siddiqui(Director) Mr. Manzoor Ahmed(Director) Mr. Firasat Ali(Director) Mr.Ahmed Kuli Khan Khattak(Director) Mr. Mazhar Sharif(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Mr. Muhammad Shahid Hussain(Chief Executive United Bank Ltd.

Banker
Allied Bank Of Pakistan Ltd. Askari Commercial Bank Ltd. MCB Bank Ltd. Meezan Bank Ltd. Bank Al-Habib Ltd. Faysal Bank Limited 29th September, 2009 30th June , 2009 Face Value

Auditor
M/s. Hameed Chaudhri & Co. M/s. A. F. Ferguson & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 10.15 39.00 7.00 12.11

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Automible tyre sets

Units
Number of units

Capacity
1,726,063

Actual Production
1,329,839

373

Ghandhara Industries Ltd.

Plot No. F-3, Hub Chowki Road, S.I.T.E., P.O.Box No. 2706, Karachi.

Management
Mr. Raza Kuli Khan Khattak(Chairman) Mr. Ahmad Kuli Khan Khattak(Chief Executive) Lt. Gen.(Retd.) Ali Kuli Khan Khattak(Director) Mr. Jamil Ahmed Shah(Director) Dr. Parvez Hassan(Director) Ch. Sher Muhammad(Director) Mr. Mushtaq Ahmed Khan (FCA)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 28th October , 2009 30th June , 2009 Bank Al Habib Ltd. Soneri Bank Ltd. NIB Bank Ltd.

Banker

Auditor
Faysal Bank Ltd. M/S Hameed Chaudhri & Co.

The Bank of Tokyo - Mitsubishi UFJ, Ltd. National Bank Of Pakistan The Bank of Khyber

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 7.50 27.03 6.75 17.71

Production Desc
Heavy automative vehicles

Units

Capacity

Actual Production

Ghandhara Nissan Ltd.

Ghandhara House 109/2, Clifton, Karachi.

Management
Mr. Raza Kuli Khan Khattak(Chairman) Mr. Ahmed Kuli Khan Khattak(Chief Executive) Ch. Sher Mohammad(Director) Mr. Jamil A. Shah(Director) Mr. Ikramul Majeed Sehgal(Director) Syed Haroon Rashid(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Lt. Gen. (Retd.) Ali Kuli Khan Khattak(President) Deutsche Bank AG

Banker
Allied Bank Of Pakistan Ltd. Askari Commercial Bank Ltd. MCB Bank Ltd. The Bank Of Tokyo-Mitsubishi Ltd. The Hong Kong & Shanghai Banking Corporation Bank Alflah Limited 28th October , 2009 30th June , 2009 Face Value

Auditor
M/s. Hameed Chaudhri & Co. M/s. Muniff Ziauddin & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 5.35 24.85 5.05 12.11

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Automobile assembling

Units
Units

Capacity
6,000

Actual Production
1,221

374

Ghani Automobiles Industries Ltd.

50-L, Model Town, Lahore.

Management
Mr. Imtiaz Ahmad Khan(Chairman) Mr. Anwaar Ahmed Khan(Dy. Chief Executive) Mrs. Reema Anwaar(Director) Mr. Aftab Ahmed Khan(Director) Mrs. Ayesha Aftab(Director) Mr. Juniad Ghani(Director) Mr. Obaid Ghani(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Allied Bank Ltd. Habib Bank Ltd.

Banker

Auditor
Dawood Islamic Bank Ltd. M/s. Hassan Farooq & Co.

Albaraka Islamic Bank Soneri Bank Ltd. Meezan Bank Ltd. Habib Metropolitan Bank Ltd. Bank Al-Falah Ltd. 28th October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 7.00 45.47 4.00 7.95

Production Desc
Motorcycles

Units

Capacity
25,000

Actual Production
7,028

Hinopak Motors Ltd.

Plot No. D-2, Manghopir Road (P.O.Box No.10714), S.I.T.E., Karachi

Management
Mr. Kunwar Idris(Chairman) Mr. Hideya Iijima(M.D. / C.E.O.) Mr. Takeshi Ito(Deputy M.D.) Mr. Fasihul Karim Siddiqi(Director) Mr. Shiniji Fujimoto(Director) Mr. Hirofumi Wachi(Director) Mr. Mohammad Irfan Shaikh(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 17.5

Banker
Allied Bank Of Pakistan Ltd. National Bank Of Pakistan Habib Metorpolitan Bank Ltd. The Bank Of Tokyo-Mitsubishi Ltd. Braclays Bank Ltd. Bank Alflah Limited Standard Chartered Bank ( Pakistan) Ltd. 29th May 31st March , 2009 , 2009 Face Value

Auditor
M/S A. F. Ferguson & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 176.10 523.01 139.00 331.01 1

Market Price as on 31/03/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Chassis of automobiles Bodies of automobiles

Units
Numbers Numbers

Capacity
6,000 1,800

Actual Production
4,152 1,747

375

Honda Atlas Cars (Pakistan) Ltd.

1-Mcleod Road, Lahore

Management
Mr. Yusuf H. Shirazi(Chairman) Mr. Atsushi Yamazaki(President / C.E.O.) Mr. Aamir H. Shirazi(Director) Mr. Fumihiko Ike(Director) Mr. Jawaid Iqbal Ahmed(Director) Mr. Masahiro Takedagawa(Director) Mr. Yukimitsu Miyagi(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) RBS Bank Ltd. Askari Bank Ltd. Citibank N.A. Deutsche Bank A.G. Habib Bank Ltd. MCB Bank Ltd.

Banker

Auditor
M/S A. F. Ferguson & Co.

National Bank Of Pakistan 15th June 31st March , 2009 , 2009 Face Value Market Price as on 31/03/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 24.49 12.35 6.70 8.95

Production Desc
Motor Vehicles

Units
Number

Capacity
50,000

Actual Production
12,780

Huffaz Seamless Pipe Industries Ltd.

207-210, 2nd Floor, Mashriq Centre, Block-14,Gulshan-e-Iqbal, Karachi-75300

Management
Mr. Arshad Ahmed(Chairman) Hafiz Abdul Majid(Chief Executive) Hafiz Abdul Haseeb(Director) Hafiz Abdul Sami(Director) Hafiz Abdul Waheed(Director) Hafiz Abdul Aleem(Director) Mrs. Fareeda Majid(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30 31st October , 2009 30th June , 2009 Silk Bank Ltd.

Banker
Royal Bank of Scotland MCB Bank Ltd. Meezan Bank Ltd. Soneri Bank Ltd. Citi Bank Ltd.

Auditor
M/s. S.M. Suhail & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 30.38 69.30 25.75 39.76 8

Production Desc
Seamless tubular products & shafting. Machinery & machinery components

Units
M. Tons M. Tons

Capacity
62,000 3,500

Actual Production
13,446 453

376

Indus Motor Company Ltd.

Plot No. NWZ/1/P-1, Port Qasim Industrial Estate, Bin Qasim, Karachi.

Management
Mr. Ali S. Habib(Chairman) Mr. Parvez Ghias(Chief Executive) Mr. Koji Hyodo(Vice Chairman) Mr. Farhad Zulficar(Director) Mr. Ilyas Suri(Director) Mr. Mohammadali R.Habib(Director) Mr. Yutaka Arae(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 100 Bank Al-Habib Ltd.

Banker
The Royal Bank of Scotland Ltd. Askari Commercial Bank Ltd. Bank Of Tokyo - Mitsubishi Ltd. Soneri Bank Ltd. HSBC Bank Middle East Ltd. MCB Bank Ltd. 28th October , 2009 30th June , 2009 Face Value

Auditor
M/s. A. F. Ferguson & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 107.72 198.05 50.40 125.26 8

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Production of cars

Units
Number

Capacity
53,040

Actual Production
34,298

International Industries Ltd.

101, Beaumont Plaza, 10,Beaumont Road, Karachi-75530.

Management
Mr. J. R. Rahim(Chairman) Mr. Towfiq H. Chinoy(M.D. / C.E.O.) Mr. Faud Azim Hashmi(Director) Mr. K M. M. Shah(Director) Mr. Kamal A. Chinoy(Director) Mr. Kemal Shoaib (NIT)(Director) Mr. Zafar A. Khan(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 22.5 NIB Bank Ltd. MCB Bank Ltd. Soneri Bank Ltd.

Banker
Standard Chartered Bank ( Pakistan) Ltd.

Auditor
KPMG Taseer Hadi & Co.

Bank Al-Habib Limited HSBC Bank Middle East Ltd. Habib Bank Limited 31st August , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 45.09 124.21 37.01 75.23 3

Production Desc
Polyethylen pipe Pipe Galvanizing

Units
M. Tons M. Tons M. Tons

Capacity
8,000 312,000 150,000

Actual Production
3,557 138,728 65,030

377

Johnson & Philips (Pakistan) Ltd.

C-10 South Avenue, S.I.T.E. Karachi-75700

Management
Mr. Shehryar Saeed(Chairman / C.E.O.) Ms. Marium Shafi(Director) Ms. Zainab Qureshi(Director) Mr.Sardar Adnan Ahmed Khan(Director) Mr. Naushad Ali Qassim Ali(Director) Mr. Farooq A. Khan(Director) Mr. Zaheer A. Khan(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Soneri Bank Ltd. Habib Bank Ltd. Silk Bank Ltd. My Bank Ltd.

Banker

Auditor
M/s. Riaz Ahmad, Saqib, Gohar & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 17.50 57.50 14.50 29.87

Production Desc
Engineering products

Units

Capacity

Actual Production

KSB Pumps Company Ltd.

16/2 Sir Agha Khan Road, Lahore-54000.

Management
Dr. Agus Lee(Chairman) Mr. Muhammad Masud Akhtar(M.D. / C.E.O.) Mr. Jan Stoop(Director) Mr. Aizaz Sarfraz(Director) Mr. Hasan Aziz Bilgrami (NIT)(Director) Mr. Sajid Mahmood Awan(Director) Mr. R. D. Ahmad(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 35 30th April , 2010 Bank Al Falah Ltd. NIB Bank Ltd. MCB Bank Ltd.

Banker

Auditor
M/S A. F. Ferguson & Co.

Natioanl Bank of Paksitan Deutsche Bank A.G. United Bank Ltd.

Face Value Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 75.02 198.05 69.10 133.58 6

31st December , 2009

Production Desc
Power driven pumps

Units
No.s'

Capacity
6,000

Actual Production
3,501

378

Metropolitan Steel Corporation Ltd.

Plot No. HE-1, Landhi Industrial Area, Karachi

Management
Mr.Mehmood Ali Mehkri(Chairman) Muhammad Shakir(Director) Mr.Khwaja Maudood Ahmed(Director) Mrs. Uzma Mehmood Ali Mehkri(Director) Mrs. Safia Shakir(Director) Mr. Abdul Razzaq Noor(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Habib Bank Ltd.

Banker

Auditor
M/s. Anjum Asim Shahid Rahman & Co.

Engr. Syed Asghar Jamil Rizvi(Chief Execuative National Bank Of Pakistan The Royal Bank of Scotland Ltd. United Bank Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 17.09 73.10 13.39 36.40

Production Desc
Wire rod and bar mill Mild steel wires Special steel wires

Units
M. Tons M. Tons M. Tons

Capacity
75,000 27,000 9,000

Actual Production
15,356 8,139 1,038

Millat Tractors Ltd.

9 K.M. Sheikhupura Road, Shahdara, Lahore.

Management
Mr. Sikandar Mustafa Khan(Chairman) Mr. Laeeq-u-ddin Ansari(Chief Executive) Mr. Sohail Bashir Rana(Director) Rana Mohammad Siddique(Director) Mian Mohammad Saleem(Director) Mr. Latif Khalid Hashmi(Director) Mr. S. M. Tanvir (MCB)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 450 25 RBS Bank Ltd. Bank Alfalah Ltd. Habib Bank Ltd. MCB Bank Ltd Meezan Bank Ltd. United Bank Ltd.

Banker

Auditor
M/S A. F. Fergusan & Co.

Standard Chartered Bank ( Pakistan) Ltd. 30th October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 279.24 302.00 120.54 199.90 24

Production Desc
Tractors

Units
Units

Capacity
30,000

Actual Production
30,244

379

Pak Elektron Ltd.

17- Aziz Avenue, Canal Bank, Gullberg-V, Lahore.

Management
Mr. M. Naseem Saigol(Chairman / C.E.O.) Mr. M. Azam Saigol(Director) Mr. Rizwan Hameed (NBP)(Director) Mr. Haroon Ahmad Khan(Managing Director) Mr. Muhammad Murad Saigol(Director) Mr. Muhammad Zeid yousaf Saigol(Director) Mr. Muhammad Rafi Khan(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 10 Bank of Khyber

Banker
Saudi Pak Commercial Bank Ltd. Faysal Bank Ltd. National Bank of Pakistan Deutsche Bank Bank of Punjab Bank Alfalah Ltd. 30th October , 2009 30th June , 2009 Face Value

Auditor
M/S M. Yousaf Adil Saleem & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 24.51 60.99 22.72 40.04 3

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Television Transformers Switchgears

Units
Numbers MVA Numbers

Capacity
70,000 3,000 4,500

Actual Production
0 2,466 4,046

Pak Suzuki Motor Company Ltd.

DSU-13, Pakistan Steel Industrial Estate, Bin Qasim, Karachi.

Management
Mr. Hirofumi Nagao(Chairman / C.E.O.) Mr. Satoshi Ina(Deputy M.D.) Mr. Hidekazu Terada(Director) Mr. Kenichi Ayukawa(Director) Mr. Mumtaz Sheikh(Director) Mr. M.R.Monem(Director) Mr. Jamil Ahmed(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 5 RBS Bank Ltd. Habib Bank Ltd. Bank Alfalah Ltd. Bank Al-Habib Ltd. Citibank N.A. MCB Bank Ltd. Faysal Bank Ltd. 19th April , 2010

Banker

Auditor
M/s. Ernst & Young Ford Rhodes Sidat Hyder

Face Value Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 88.96 108.24 36.92 72.98 0

31st December , 2009

Production Desc
All models of cars Motorcycles

Units
Units Units

Capacity
150,000 37,000

Actual Production
51,032 14,530

380

Pakistan Cables Ltd.

Plot No.B/21, Sindh Industrial Trading Estate, Manghopir Road , Karachi-75700.

Management
Mr. Towfiq H. Chinoy(Chairman) Mr. Kamal A. Chinoy(Chief Executive) Mr. Mustapha A. Chinoy(Director) Mr. Saquib H. Shirazi(Director) Mr. Haroun Rashid(Director) Syed Naeem Ahmed(Director) Mr. Shahpur Channah(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 22.5 MCB Bank Ltd. NIB Bank Ltd. Habib Bank Ltd.

Banker
Oman International Bank.

Auditor
KPMG Taseer Hadi & Co.

Standard Chartered Bank ( Pakistan) Ltd. HSBC Bank Middle East Ltd. Bank Al Habib Ltd. 28th September, 2009 20th June , 2009 Face Value Market Price as on 20/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 34.04 120.81 2.24 46.67 5

Production Desc
Electric and telecom cables

Units

Capacity

Actual Production

Pakistan Engineering Company Ltd.

6-Ganga Ram Trust Building, Shahrah-e-Quaid-e-Azam, Lahore

Management
Mr. Ghulam Rasool Ahpan(Chairman) Mr. M. Imtiaz-ur-Rehman(Chief Executive) Mr. Khizar Hayat Khan(Director) Mr. Muhammad Arif Habib(Director) Mr. Rashid Ali Khan(Director) Mr. Liaquat Mohammad(Director) Mr. Mohammah Shabir Malik(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 125 31st October , 2009 30th June , 2009 Arif Habib Bank Ltd. United Bank Ltd.

Banker
National Bank Of Pakistan

Auditor
M/s.. Fazal Mahmood & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 171.85 396.15 99.59 182.24 7

Production Desc
Pumps / Turbines Electric Motors Rolled Materials

Units
No. No. Tons

Capacity
3,400 16,500 80,000

Actual Production
371 273 1,343

381

Pakistan Telephone Cables Ltd.

18th Mile RCD Highway, 27/3/2 Mouza Bairut, Teshil Hub, District: Lasbella , Balochistan.

Management
Mr. Raza Abdul Aziz Al-Raee(Chairman / C.E.O. Bank Al-Falah Ltd. Mr. Aijaz Abdul Aziz Al-Raee(Director) Mr. Riyadh Abdul Aziz Al-Rahee(Director) Mrs. Rabia Barkat Ali(Director) Mr. Abdullah Razal Aziz Al-Raee(Director) Mrs. Sumiah Saeed-ur-Rehman(Director) Mrs. Asma Hafeez Al-Raee(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 28th November , 2009 30th June , 2009 Habib Bank Ltd. KASB Bank Ltd. NIB Bank Ltd. Soneri Bank Ltd.

Banker

Auditor
M/s.Rehman Sarfaraz Rahim Iqbal Rafiq & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 3.05 26.87 1.45 12.32

Production Desc
Telephone cables

Units
Kilometers

Capacity
2,500,000

Actual Production
0

Sazgar Engineering Works Ltd.

171-Ali Town, Thokar Niaz Baig, Raiwind Road, Lahore.

Management
Mrs. Saira Hameed(Chairperson) Mian Asad Hameed(Chief Executive) Mr. Saeed Iqbal Khan(Director) Mr. Ishtiaq Ahmed Roomi(Director) Mrs. Khadija Nilofer Ishtiaq(Director) Mian Zafar Hameed(Director) Mian Mohammad Ali Hameed(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 20 Faysal Bank Ltd. Habib Bank Ltd.

Banker
Allied Bank Of Pakistan Ltd.

Auditor
M/s. Kabani Saeed Kamran Patel & Co.

National Bank Of Pakistan Bank Alflah Limited The Bank Of Punjab Atlas Bank Ltd. 31st October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 23.25 113.99 20.99 53.69 4

Production Desc
Wheel-rim Auto-rickshaw Panel back window

Units
Numbers Numbers Numbers

Capacity
Indeterminable Indeterminable Indeterminable

Actual Production
90,530 4,690 9,147

382

Siemens (Pakistan) Engineering Co. Ltd.

B-72, Estate Avenue, Sindh Industrial Trading Estates, Karachi-75700

Management
Syed .Babar Ali(Chairman) Mr. Zahid Hussain(Director) Mr. Joerg Steinhaeuser(Director) Mr. Tajammal Hussain Bokharee(Director) Mr. Gerhard Wilcke(Director) Christian Knie(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 900 Habib Bank Ltd. MCB Bank Ltd. Mr. Sohail Wajahat H. Siddiqui(Chief Executive) Meezan Bank Ltd.

Banker

Auditor
Ernst & Young Ford Rhodes Sidat Hydeer

Standard Chartered Bank ( Pakistan) Ltd. Braclays Bank Ltd. The Hongkong & Shanghai Banking Corp. Ltd. The Royal Bank of Scotland Ltd. 21st December , 2009 30th September, 2009 Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 1,414.50 1,478.00 685.30 739.57 12

Production Desc
Electric motore Motors controlgears and controlboards Electric transformers

Units
HP HP MVA

Capacity
300,000 150,000 2,000

Actual Production
80,845 2,675 2,585

Singer Pakistan Ltd.

Plot No. 39, Sector-19, Korangi Industrial Area, korangi, Karachi.

Management
Mr. Kamal Shah(Chairman / C.E.O.) Mr. Gavin J. Walker(Director) Mr. Rasheed Y. Chinoy(Director) Mr. Ahmed S. Farrukh(Director) Mr. U. R. Usmani(Director) Mr. Jahangir Siddiqui(Director) Mr. Peter Janes O'Donnell(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 10 JS Bank Ltd. Soneri Bank Ltd. The Bank Of Punjab

Banker

Auditor
KPMG Taseer Hadi & Co.

Bank Islami Pakistan Ltd. United Bank Limited The Royal Bank of Scottland Ltd. Citibank N.A. 30th April , 2010 Face Value Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 30.00 47.81 16.89 26.54 4

31st December , 2009

Production Desc
Sewing machine Gas appliances Refregrators/ deep freezers

Units
Numbers Numbers Numbers

Capacity
50,000 25,000 25,000

Actual Production
36,983 13,583 35,268

383

The Climax Engineering Company Ltd.

Climaxabad, G. T. Road, Distt: Gujranwala.

Management
Ch. M. A. Hameed(Chairman) Ch. M. A. Qayyum(Chief Executive) Ch. Zia-ul-Hameed(Director) Ch. Abdul Salam(Director) Ch. Imtiaz A. Hameed(Director) Ch. Mahmood Ghani Faizi(Director) Ch. Usman Ghani Faizi(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Habib Bank Ltd.

Banker
National Bank Of Pakistan NIB Bank Ltd. Standard Charterd Bank Ltd.

Auditor
M/s. Qadeer & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 22.40 34.65 22.40 28.53

Production Desc
Transformers Electric Fans Electric Motors

Units
Numbers Numbers Numbers

Capacity
15,000 100,000 20,000

Actual Production
687 24,202 146

Transmission Engineering Industries Ltd.

Plot No. B-14, Block A, Sindhi Muslim Cooperative Housing Society, Karachi.

Management
Mr. Ausaf Hussain Agha(Chairman / C.E.O.) Mr. Muhammad Aslam Khan(Deputy M.D.) Mr. Tausif Hussain Agha(Director) Mr. Asif Hussain Agha(Director) Mr.Fasih Hussain Agha(Director) Mr. Uzair Ashir(Director) Ms. Sabahat Agha(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 2 27th October , 2009 30th June , 2009

Banker
Habib Metropolitan Bank Limted Bank Al-Habib Limited Industrial Development Bank Of Pakistan Faysal Bank Limited

Auditor
M/s. Rehman Sarfaraz Rahim Iqbal Rafiq & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 3.51 9.94 6.10 7.81 3

Production Desc
Tractor Gear Motor cycle Gear Motor car (Small)

Units
Numbers Numbers Numbers

Capacity
230,000 324,000 30,000

Actual Production
257,827 0 0

384

Sugar & Allied Sector

Sugar Sector
Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

5002.5 3974.8 8977.3 0.0 501.5 9602.3 10103.8 19081.1

2005
5892.8 7137.4 13030.2 152.1 128.8 10809.2 11090.1 24120.3

2006
6206.5 9513.1 15719.6 0.0 12.5 12334.6 12347.1 28066.7

2007
6943.0 9057.0 16000.0 0.0 0.0 13075.1 13075.1 29075.1

2008
7334.3 9885.1 17219.4 0.0 0.0 14119.2 14119.2 31338.6

2009
8495.3 13703.8 22199.1 0.5 988.3 12286.5 13275.3 35474.4

5164.7 7960.9 8639.9 8409.3 6429.3 7721.7 1359.8 2146.6 2394.0 2572.7 2163.2 2737.4 3804.9 5814.3 6245.9 5836.6 4266.1 4984.3 7566.8 9119.4 10846.3 12764.9 15905.6 14646.2 5608.7 7562.1 9326.6 11426.7 14189.5 13416.3 18340.2 24642.4 28812.8 32600.9 36524.4 35784.2 22900.0 30697.3 36493.9 41571.1 51540.6 52655.1 33003.8 41787.4 48841.0 54646.2 65659.8 65930.4 -4559.8 -6054.9 -7681.1 -8970.2 -15016.2 -16870.9 19225.0 25595.7 30605.9 34933.6 36353.3 36702.6 -17735.3 -22736.4 -27854.0 -33161.8 -45111.3 -44933.4 37619.3 23641.0 1445.9 41981.2 37058.8 34105.6 2953.2 34223.6 2835.2 35953.0 1882.1 1207.9 674.2 260.2 187.6 5.2 5430.6 226.4 5204.2 1672.3 6876.5 53.0 80.1 55.6 367.6 1.6 4.2 24.3 179.5 97.0 64.2 3.3 6.3 38.6 1.9 7.5 220.7 2.1 1.8 1.3 0.8 7.7 88.3 -360.0 1.4 17.9 48185.7 30175.3 1826.1 54817.7 47405.3 42841.9 4563.4 41879.3 5526.0 44088.5 4120.2 1591.4 2528.8 568.2 356.2 78.8 5039.2 1604.4 3434.8 3430.5 6865.3 46.0 80.3 55.6 320.7 4.6 31.8 50.0 221.1 93.0 38.6 3.4 6.2 22.5 3.1 19.4 550.4 2.7 5.3 4.3 3.3 7.5 86.5 230.8 27.9 22.1 55646.6 35747.7 2023.0 64560.5 65845.3 61707.6 4137.7 59453.8 6391.5 62351.1 4676.2 3172.4 1503.8 410.8 261.2 146.8 3946.4 831.8 3114.6 2854.8 5969.4 44.0 79.0 53.4 310.7 2.3 21.1 47.8 253.3 94.7 67.8 4.8 10.4 27.3 2.0 9.6 418.5 1.7 2.3 2.4 1.8 6.8 102.0 -44.2 38.9 25.3 59934.3 38045.3 2798.6 70646.2 60386.0 55880.2 4505.8 56780.9 3605.1 59839.2 3611.7 4193.4 -581.7 343.4 223.6 135.1 1008.4 -1148.7 2157.1 1649.9 3807.0 45.0 78.4 50.9 341.5 -0.8 -113.9 43.3 230.4 99.1 116.1 6.9 12.0 -59.0 3.0 -3.6 -413.7 1.4 -1.0 -0.8 -1.3 8.0 85.5 -133.3 -8.3 23.0 69830.5 46354.7 2657.3 82879.1 77215.6 64701.9 12513.7 68784.2 8431.4 73155.1 5487.8 4896.6 591.2 425.2 521.7 177.2 2263.5 -355.7 2619.2 2301.6 4920.8 45.1 70.9 43.3 381.3 0.7 -15.7 46.8 234.8 94.7 89.2 6.3 13.5 71.9 4.7 3.4 31.8 3.0 0.8 0.8 0.2 6.6 93.2 -200.0 27.9 23.5 78444.9 52345.3 3079.1 88129.5 78897.5 71061.7 7835.8 66857.0 12040.5 71481.4 9287.3 6411.7 2875.6 811.2 889.9 176.8 4135.8 1174.5 2961.3 4253.6 7214.9 37.4 68.0 42.5 297.0 3.3 28.4 59.0 261.3 90.6 69.0 8.1 17.5 28.2 2.8 13.0 232.0 4.0 3.6 3.4 2.4 6.1 89.5 325.0 2.2 26.1

387

Sugar & Allied Industries

Operating, Financial & Investment Ratios

450 400 350 300 250 200 150 100 50 0 2004 2005 Gearing ratio 2006 Debt equity ratio 2007 Current ratio 2008 2009

Abdullah Shah Ghazi Sugar Mills Ltd.(Al-Asif Sugar Mills Ltd.)

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2005

146.7 -816.3 -669.6 0.0 0.0 109.7 109.7 -559.9 0.1 0.1 0.0 154.3 0.0 154.4 1110.5 1220.2 -956.1 179.9 -1110.4 756.1 396.1 21.4 550.5 75.4 75.4 0.0 105.2 -29.8 134.9 -10.1 0.1 -10.2 0.3 0.0 0.0 -653.1 -10.5 -642.6 10.9 -631.7 13.9 13.9 -1.9 -456.4 178.9 0.1 0.1 0.0 -13.5 -0.7 -0.7 5.8 13.7 -118.9 -76.7 -45.6

2004
146.7 -813.5 -666.8 0.0 18.7 741.3 760.0 93.2 1.5 1.5 0.0 69.7 1.7 72.9 345.7 1105.7 -272.8 851.9 -344.2 705.0 365.9 22.8 438.8 323.9 323.9 0.0 360.7 -36.8 384.7 55.0 0.3 54.7 1.4 0.0 0.0 698.3 53.3 645.0 76.1 721.1 815.5 21.1 20.6 12.5 7.6 10.6 -454.5 118.8 0.5 0.1 0.0 2.6 0.0 16.9 3.7 3.6 6.0 73.8 -237.0 -30.7 -45.5

2006
146.7 -842.4 -695.7 0.0 0.0 0.0 0.0 -695.7 3.0 3.0 0.0 113.5 0.0 116.5 1205.4 1205.4 -1088.9 0.0 -1202.4 774.0 393.2 20.9 509.7 106.8 106.8 0.0 132.7 -25.9 142.4 -33.1 0.1 -33.2 0.5 0.0 0.0 -135.8 -33.7 -102.1 -12.8 -114.9 0.0 9.7 9.7 0.0 -6.5 24.8 11.1 -474.2 133.3 -0.3 0.1 0.0 -1.5 0.0 0.0 0.0 0.0 -31.1 -2.3 -2.3 5.3 21.0 228.6 41.6 -47.4

2007
146.7 -866.5 -719.8 0.0 0.0 0.0 0.0 -719.8 0.8 0.8 0.0 73.9 0.0 74.7 1179.0 1179.0 -1104.3 3.0 -1178.2 785.2 384.4 19.9 459.1 123.6 123.6 0.0 141.8 -18.2 149.6 -26.0 0.1 -26.1 0.5 0.0 0.0 -24.1 -26.6 2.5 -6.7 -4.2 0.0 6.3 6.3 0.0 -5.7 110.4 159.5 -490.7 121.0 -0.4 0.1 3.3 -1.9 0.0 0.0 0.0 0.0 -21.1 -1.8 -1.8 5.1 26.9 -21.7 15.7 -49.1

2008
146.7 -725.7 -579.0 0.0 0.0 0.0 0.0 -579.0 11.2 11.2 0.0 79.9 0.0 91.1 1065.4 1065.4 -974.3 0.0 -1054.2 815.7 395.3 20.5 486.4 198.9 198.9 0.0 156.7 42.2 175.6 152.5 13.9 138.6 0.0 0.0 0.0 140.8 138.6 2.2 159.1 161.3 0.0 8.6 8.6 0.0 28.5 98.4 98.6 -394.7 88.3 9.1 7.0 0.0 0.0 0.0 0.0 0.0 0.0 69.7 9.4 9.4 5.3 40.9 -622.2 60.9 -39.5

2009
146.7 -631.5 -484.8 0.0 0.0 0.0 0.0 -484.8 59.9 59.9 0.0 167.9 109.7 337.5 1395.0 1395.0 -1057.5 0.0 -1335.1 1014.7 572.6 21.8 910.1 728.1 728.1 0.0 560.5 167.6 592.0 136.1 40.5 95.6 3.6 0.0 0.0 94.2 92.0 2.2 113.8 116.0 0.0 24.2 16.3 0.0 10.5 97.7 98.1 -330.5 81.3 29.8 5.6 0.0 3.8 0.0 0.0 0.0 0.0 13.1 6.5 6.3 5.5 80.0 -30.9 266.1 -33.0

389

Adam Sugar Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

57.6 63.5 121.1 0.0 0.0 45.0 45.0 166.1 90.6 90.6 0.0 206.1 29.5 326.2 452.8 497.8 -126.6 163.3 -362.2 0.0 292.7 0.0 618.9 637.7 637.7 0.0 558.8 78.9 582.8 58.7 15.1 43.6 2.9 0.0 0.0 52.6 40.7 11.9 40.7 52.6 27.1 72.0 65.5 411.1 7.0 77.4 77.4 210.2 91.4 25.7 2.4 9.2 6.7 19.7 36.0 0.0 6.8 7.6 7.1 0.0 103.0 744.4 -22.4 21.0

2005
57.6 82.4 140.0 0.0 0.0 32.9 32.9 172.9 28.1 28.1 0.0 76.7 242.4 347.2 460.3 493.2 -113.1 147.3 -432.2 493.8 286.1 16.8 633.3 615.3 615.3 0.0 543.2 72.1 571.2 44.1 21.1 23.0 1.7 2.8 0.0 6.8 18.5 -11.7 35.3 23.6 19.0 75.4 22.8 352.3 3.6 272.1 149.6 243.1 92.8 47.8 3.4 14.3 7.4 0.0 16.4 760.7 2.0 3.7 4.0 3.7 5.7 97.2 -47.4 -3.5 24.3

2006
57.6 589.4 647.0 0.0 0.0 18.4 18.4 665.4 18.7 18.7 0.0 98.9 289.6 407.2 495.2 513.6 -88.0 187.8 -476.5 1000.3 753.5 40.3 1160.7 901.8 901.8 0.0 868.8 33.0 897.2 72.3 30.5 41.8 0.0 0.0 0.0 492.5 41.8 450.7 82.1 532.8 2.8 82.2 23.7 79.4 3.6 8.5 15.4 1123.3 99.5 42.2 3.4 16.2 0.0 0.3 6.5 0.0 0.0 4.6 7.3 7.3 14.1 77.7 82.5 46.6 112.3

2007
57.6 348.3 405.9 0.0 0.0 23.8 23.8 429.7 21.3 21.3 0.0 108.8 267.3 397.4 710.5 734.3 -313.1 260.2 -689.2 1027.9 742.8 38.7 1140.2 604.7 604.7 0.0 728.6 -123.9 753.4 -146.8 25.9 -172.7 2.6 0.0 0.0 -235.7 -175.3 -60.4 -136.6 -197.0 5.5 55.9 18.3 180.9 -15.1 74.4 69.3 704.7 124.6 -17.6 4.3 10.0 -1.5 0.0 -42.5 0.0 0.0 -28.6 -30.0 -30.4 5.1 53.0 -511.0 -32.9 70.5

2008
57.6 386.8 444.4 0.0 0.0 313.9 313.9 758.3 46.1 46.1 0.0 297.9 173.8 517.8 560.0 873.9 -42.2 662.0 -513.9 1124.7 800.5 39.0 1318.3 1042.3 1017.9 24.4 904.1 138.2 939.3 105.0 41.6 63.4 0.3 0.0 0.0 328.6 63.1 265.5 102.1 367.6 41.4 92.5 61.4 196.6 4.8 19.2 27.8 771.5 90.1 39.6 4.0 6.3 0.5 19.0 14.3 0.0 0.0 6.1 11.0 11.0 5.3 79.1 -136.7 72.4 77.2

2009
57.6 409.0 466.6 0.0 0.0 55.3 55.3 521.9 55.1 55.1 0.0 86.5 284.7 426.3 750.9 806.2 -324.6 124.6 -695.8 1210.3 846.5 41.5 1272.8 1157.0 1157.0 0.0 887.5 269.5 936.0 242.7 57.8 184.9 5.8 5.8 0.0 -236.4 173.3 -409.7 214.8 -194.9 10.6 56.8 18.9 172.8 14.5 -73.3 -110.2 810.1 80.9 23.8 5.0 46.4 3.1 0.0 39.6 3087.9 1.2 16.0 32.1 31.1 5.2 90.9 191.8 11.0 81.0

390

Al-Abbas Sugar Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

173.6 461.7 635.3 0.0 221.1 0.0 221.1 856.4 15.7 15.7 0.0 323.3 534.3 873.3 948.0 1169.1 -74.7 296.0 -932.3 1356.0 931.0 69.4 1804.3 1423.4 785.2 638.2 1090.0 333.4 1186.2 242.9 31.6 211.3 6.7 60.8 0.0 72.3 143.8 -71.5 213.2 141.7 25.8 92.1 35.8 184.0 11.7 198.9 150.5 366.0 83.3 13.0 2.2 10.7 3.2 0.5 33.3 336.5 9.6 14.8 12.2 11.8 7.8 78.9 144.0 7.2 36.6

2005
173.6 562.7 736.3 0.0 0.0 0.0 0.0 736.3 6.7 6.7 0.0 231.4 555.9 794.0 944.9 944.9 -150.9 300.5 -938.2 1384.2 887.3 71.9 1681.3 1845.7 1117.0 728.7 1651.7 194.0 1751.4 107.1 36.6 70.5 8.7 60.8 0.0 -120.1 1.0 -121.1 72.9 -48.2 0.0 84.0 25.2 128.3 4.2 424.1 94.9 34.2 2.0 12.2 12.3 0.4 9.6 101.6 8.3 3.8 4.1 3.6 7.7 109.8 -66.4 29.7 42.4

2006
173.6 478.7 652.3 0.0 0.0 93.2 93.2 745.5 10.9 10.9 0.0 211.9 612.5 835.3 932.9 1026.1 -97.6 623.3 -922.0 1388.6 843.1 68.2 1678.4 2514.3 1702.7 811.6 2316.2 198.1 2415.3 103.9 72.3 31.6 11.7 0.0 0.0 9.2 19.9 -10.7 88.1 77.4 12.5 89.5 23.9 157.3 1.9 216.3 113.8 375.7 96.1 69.6 2.9 11.6 37.0 1.7 4.8 0.0 0.0 1.3 1.8 1.1 7.7 149.8 -56.1 36.2 37.6

2007
173.6 551.3 724.9 0.0 0.0 18.6 18.6 743.5 63.2 32.4 30.8 295.1 301.0 659.3 719.5 738.1 -60.2 372.1 -656.3 1429.9 803.9 63.3 1463.2 2842.3 1387.8 1454.5 2590.8 251.5 2751.7 257.1 83.8 173.3 13.4 0.0 0.0 -2.0 159.9 -161.9 223.2 61.3 2.5 91.6 49.8 101.8 11.8 -7995.0 364.1 417.6 96.8 32.6 2.9 22.5 7.7 4.3 23.9 0.0 0.0 6.1 10.0 9.2 7.5 194.3 455.6 13.0 41.8

2008
173.6 696.2 869.8 0.0 0.0 1078.3 1078.3 1948.1 94.8 48.4 46.4 554.8 1036.2 1685.8 1820.6 2898.9 -134.8 1731.9 -1725.8 2855.3 2082.8 120.5 3768.6 2931.1 1476.6 1454.5 2719.1 212.0 2881.2 209.3 105.0 104.3 45.2 26.0 0.0 1204.6 33.1 1171.5 153.6 1325.1 55.4 92.6 35.7 333.3 2.8 2.7 11.6 501.0 98.3 50.2 3.6 6.1 43.3 1.3 12.0 227.3 3.0 3.6 6.0 3.4 6.5 77.8 -40.0 3.1 50.1

2009
173.6 935.6 1109.2 0.0 0.0 875.0 875.0 1984.2 60.6 12.5 48.1 526.2 813.8 1400.6 1731.9 2606.9 -331.3 1563.0 -1671.3 5479.5 2315.6 145.2 3716.2 4167.0 2517.7 1649.3 3381.4 785.6 3593.4 608.9 271.7 337.2 21.0 69.4 0.0 36.1 246.8 -210.7 392.0 181.3 44.1 80.9 33.9 235.0 9.1 683.7 216.2 638.9 86.2 44.6 6.5 17.4 6.2 5.0 30.4 455.6 6.3 8.1 19.4 18.2 6.9 112.1 223.3 42.2 63.9

391

Al-Noor Sugar Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

185.7 639.3 825.0 0.0 125.4 155.9 281.3 1106.3 121.5 81.6 39.9 372.8 165.4 659.7 999.0 1280.3 -339.3 854.5 -877.5 2270.9 1445.8 115.1 2105.5 1741.0 1650.7 90.3 1537.4 203.6 1624.2 119.0 103.0 16.0 8.3 0.0 0.0 181.1 7.7 173.4 122.8 296.2 25.4 66.0 49.5 155.2 0.8 4.3 41.5 444.3 93.3 86.6 5.9 12.1 51.9 0.2 1.9 0.0 0.9 0.9 0.4 7.6 82.7 -116.1 17.6 44.4

2005
185.7 638.5 824.2 0.0 80.0 145.3 225.3 1049.5 96.8 65.1 31.7 433.4 207.5 737.7 1144.3 1369.6 -406.6 867.0 -1047.5 2386.9 1456.1 108.4 2193.8 1927.9 1720.2 207.7 1630.2 297.7 1723.0 208.1 108.1 100.0 9.1 0.0 0.0 -56.8 90.9 -147.7 199.3 51.6 21.5 64.5 46.3 166.2 4.6 386.2 443.8 89.4 51.9 5.6 12.5 9.1 5.2 12.1 0.0 5.2 5.4 4.9 7.5 87.9 500.0 10.7 44.4

2006
185.7 737.3 923.0 0.0 0.0 145.0 145.0 1068.0 57.3 48.7 8.6 312.6 230.8 600.7 1005.5 1150.5 -404.8 647.9 -948.2 2513.0 1473.0 109.3 2073.7 3058.1 2764.1 294.0 2642.8 415.3 2762.4 307.8 125.7 182.1 14.2 0.0 0.0 18.5 167.9 -149.4 277.2 127.8 13.6 59.7 36.8 124.6 8.8 907.6 216.9 497.0 90.3 40.8 4.1 19.4 7.8 1.4 19.7 0.0 0.0 6.0 9.8 9.0 7.5 147.5 81.5 58.6 49.7

2007
185.7 681.9 867.6 0.0 0.0 395.8 395.8 1263.4 57.9 47.6 10.3 358.5 393.7 810.1 1074.6 1470.4 -264.5 785.4 -1016.7 2680.9 1528.0 113.7 2338.1 2722.4 2471.0 251.4 2395.2 327.2 2526.9 202.2 162.5 39.7 12.8 30.0 0.0 195.4 -3.1 198.5 110.6 309.1 31.3 75.4 38.7 169.5 1.7 -1.6 35.8 467.2 92.8 80.4 6.0 20.7 32.2 5.3 4.6 89.7 3.5 1.5 2.1 1.4 7.7 116.4 -78.6 -11.0 46.7

2008
185.7 1286.4 1472.1 0.0 0.0 265.8 265.8 1737.9 124.1 86.3 37.8 378.2 1009.1 1511.4 2037.9 2303.7 -526.5 1252.3 -1913.8 3345.7 2264.4 116.0 3775.8 3145.2 2521.1 624.1 2582.3 562.9 2819.6 426.5 182.3 244.2 11.3 55.7 0.0 474.5 177.2 297.3 293.2 590.5 15.3 74.2 24.6 156.5 6.5 37.3 49.7 792.7 89.6 42.7 5.8 14.6 4.6 0.4 16.6 418.1 3.8 7.8 13.2 12.5 7.6 83.3 528.6 15.5 79.3

2009
185.7 1456.8 1642.5 0.0 0.0 358.0 358.0 2000.5 251.6 107.8 143.8 259.4 963.9 1474.9 1802.2 2160.2 -327.3 1213.1 -1550.6 3767.2 2327.9 169.6 3802.8 4249.9 3630.8 619.1 3567.0 682.9 3773.8 479.3 289.1 190.2 35.0 74.3 0.0 262.6 80.9 181.7 250.5 432.2 17.9 81.8 28.4 131.5 5.0 30.8 58.0 884.5 88.8 60.3 6.8 23.8 18.4 0.0 11.6 208.9 4.5 4.5 10.2 8.4 7.5 111.8 -22.7 35.1 88.4

392

Ansari Sugar Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

244.1 -318.3 -74.2 0.0 0.0 605.4 605.4 531.2 127.2 127.2 0.0 93.1 91.9 312.2 611.4 1216.8 -299.2 811.8 -484.2 1302.9 830.4 44.4 1142.6 1045.2 1045.2 0.0 1049.5 -4.3 1085.7 -38.7 54.2 -92.9 4.5 0.0 0.0 -114.8 -97.4 -17.4 -53.0 -70.4 114.0 51.1 36.0 -8.1 -30.4 103.9 5.2 6.7 0.6 -8.9 -3.8 -4.0 5.1 91.5 52.0 -8.8 -3.0

2005
244.1 -273.7 -29.6 0.0 0.0 487.3 487.3 457.7 90.6 90.6 0.0 88.2 43.1 221.9 562.2 1049.5 -340.3 694.9 -471.6 1314.2 797.9 44.1 1019.8 957.9 957.9 0.0 939.2 18.7 987.9 -22.1 13.6 -35.7 4.2 0.0 0.0 -73.5 -39.9 -33.6 4.2 -29.4 106.5 39.5 31.8 -3.5 -12.1 103.1 1.4 2.0 0.0 -3.7 -1.5 -1.6 5.3 93.9 -60.5 -8.4 -1.2

2006
244.1 -167.8 76.3 0.0 0.0 448.5 448.5 524.8 123.6 123.6 0.0 124.6 130.8 379.0 622.6 1071.1 -243.6 680.7 -499.0 1326.5 768.3 44.4 1147.3 1574.7 1574.7 0.0 1372.5 202.2 1426.8 148.5 13.5 135.0 6.8 0.0 0.0 67.1 128.2 -61.1 172.6 111.5 85.5 60.9 39.9 1403.8 11.8 191.1 154.8 31.3 90.6 9.1 0.9 2.0 5.0 0.4 176.9 0.0 0.0 8.6 5.5 5.3 5.6 137.3 -466.7 64.4 3.1

2007
244.1 -247.0 -2.9 0.0 0.0 406.3 406.3 403.4 16.4 16.4 0.0 209.9 104.6 330.9 657.7 1064.0 -326.8 671.0 -641.3 1329.3 730.2 42.7 1061.1 1580.3 1580.3 0.0 1584.8 -4.5 1641.5 -59.5 12.9 -72.4 6.9 0.0 0.0 -121.4 -79.3 -42.1 -36.6 -78.7 100.7 50.3 34.4 0.0 -6.8 65.3 46.5 -1.2 103.9 -21.7 0.8 1.9 -9.5 5.1 0.0 0.0 0.0 -4.6 -3.0 -3.2 5.6 148.9 -154.5 0.4 -0.1

2008
244.1 -247.0 -2.9 0.0 0.0 406.3 406.3 403.4 16.4 16.4 0.0 209.9 104.6 330.9 657.7 1064.0 -326.8 671.0 -641.3 1329.3 730.2 42.7 1061.1 1580.3 1580.3 0.0 1584.8 -4.5 1641.5 -59.5 12.9 -72.4 6.9 0.0 0.0 0.0 -79.3 79.3 -36.6 42.7 100.7 50.3 34.4 0.0 -6.8 0.0 -85.7 -1.2 103.9 -21.7 0.8 1.9 -9.5 5.1 0.0 0.0 0.0 -4.6 -3.0 -3.2 5.6 148.9 0.0 0.0 -0.1

2009
244.1 -247.0 -2.9 0.0 0.0 406.3 406.3 403.4 16.4 16.4 0.0 209.9 104.6 330.9 657.7 1064.0 -326.8 671.0 -641.3 1329.3 730.2 42.7 1061.1 1580.3 1580.3 0.0 1584.8 -4.5 1641.5 -59.5 12.9 -72.4 6.9 0.0 0.0 0.0 -79.3 79.3 -36.6 42.7 100.7 50.3 34.4 0.0 -6.8 0.0 -85.7 -1.2 103.9 -21.7 0.8 1.9 -9.5 5.1 0.0 0.0 0.0 -4.6 -3.0 -3.2 5.6 148.9 0.0 0.0 -0.1

393

Baba Farid Sugar Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

94.5 -114.6 -20.1 0.0 0.0 185.6 185.6 165.5 10.0 10.0 0.0 245.7 184.7 440.4 490.6 676.2 -50.2 412.5 -480.6 624.5 215.9 11.5 656.3 456.1 456.1 0.0 432.6 23.5 467.0 -10.5 47.1 -57.6 2.0 0.0 0.0 -0.2 -59.6 59.4 -48.1 11.3 112.1 89.8 52.1 -8.8 -425.7 -21.3 102.4 10.3 11.4 0.6 -12.6 -6.1 -6.3 5.2 69.5 6000.0 -38.7 -2.1

2005
94.5 -103.7 -9.2 0.0 0.0 194.3 194.3 185.1 265.6 50.6 215.0 98.9 248.1 612.6 647.5 841.8 -34.9 664.1 -381.9 639.8 220.0 11.1 832.6 703.2 703.2 0.0 585.2 118.0 622.9 89.6 76.8 12.8 3.4 0.0 0.0 19.6 9.4 10.2 20.5 30.7 105.0 94.6 56.3 1.5 48.0 66.8 -9.7 88.6 85.7 10.9 11.6 26.6 0.0 1.8 1.4 1.0 5.1 84.5 -123.0 54.2 -1.0

2006
94.5 -10.2 84.3 0.0 0.0 134.9 134.9 219.2 79.0 79.0 0.0 147.4 238.4 464.8 586.8 721.7 -122.0 497.5 -507.8 772.1 341.1 11.4 805.9 947.8 947.8 0.0 846.7 101.1 889.9 62.1 82.9 -20.8 4.4 0.0 0.0 34.1 -25.2 59.3 -13.8 45.5 61.5 79.2 38.6 856.1 -2.6 -73.9 -30.3 89.2 93.9 133.5 8.7 16.7 -21.2 0.2 -24.7 0.0 0.0 -2.2 -2.2 -2.7 5.2 117.6 -257.1 34.8 8.9

2007
94.5 -164.0 -69.5 0.0 0.0 148.8 148.8 79.3 71.4 71.4 0.0 114.6 406.5 592.5 873.9 1022.7 -281.4 776.6 -802.5 803.8 360.6 12.2 953.1 588.7 588.7 0.0 586.0 2.7 631.7 -42.5 96.7 -139.2 3.2 0.0 0.0 -139.9 -142.4 2.5 -130.2 -127.7 187.6 67.8 21.3 0.0 -14.6 101.8 102.0 -73.5 107.3 -227.5 16.4 12.5 -2.3 0.2 0.0 0.0 0.0 -23.6 -14.7 -15.1 3.6 61.8 568.2 -37.9 -7.4

2008
94.5 378.1 472.6 0.0 0.0 210.6 210.6 683.2 29.4 29.4 0.0 119.7 6.5 155.6 605.1 815.7 -449.5 267.6 -575.7 1589.1 1132.7 13.1 1288.3 1308.4 1308.4 0.0 1251.5 56.9 1297.5 37.4 63.6 -26.2 0.0 0.0 0.0 603.9 -26.2 630.1 -13.1 617.0 30.8 25.7 24.6 172.6 -2.0 -4.3 -2.1 500.1 99.2 170.1 4.9 23.8 0.0 0.1 -5.5 0.0 0.0 -2.0 -2.8 -2.8 3.6 101.6 -81.0 122.3 50.0

2009
94.5 272.2 366.7 0.0 0.0 167.6 167.6 534.3 7.9 7.9 0.0 124.8 4.2 136.9 681.9 849.5 -545.0 206.3 -674.0 1588.7 1079.3 53.0 1216.2 579.3 579.3 0.0 606.2 -26.9 656.8 -76.8 39.0 -115.8 3.1 0.0 0.0 -148.9 -118.9 -30.0 -65.9 -95.9 31.4 20.1 19.5 231.7 -9.5 79.9 68.7 388.0 113.4 -50.8 6.7 18.9 -2.7 0.0 -31.6 0.0 0.0 -20.0 -12.3 -12.6 4.7 47.6 339.3 -55.7 38.8

394

Bawany Sugar Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

87.2 -713.8 -626.6 0.0 0.0 214.9 214.9 -411.7 2.7 2.3 0.4 207.6 2.1 212.4 865.1 1080.0 -652.7 457.1 -862.4 731.6 241.0 26.9 453.4 661.5 661.5 0.0 670.9 -9.4 733.5 29.2 54.5 -25.3 2.8 0.0 0.0 206.7 -28.1 234.8 -1.2 233.6 24.6 24.3 -5.6 -13.6 -0.5 -718.6 110.9 186.6 8.2 11.9 0.0 -3.8 -2.9 -3.2 10.1 145.9 -64.6 -2.6 -71.9

2005
87.2 -788.7 -701.5 0.0 0.0 594.9 594.9 -106.6 1.5 1.5 0.0 183.5 0.0 185.0 556.2 1151.1 -371.2 692.6 -554.7 779.6 264.7 24.4 449.7 154.3 154.3 0.0 165.8 -11.5 218.2 -22.8 13.5 -36.3 0.7 0.0 0.0 305.1 -37.0 342.1 -12.6 329.5 33.3 33.3 -8.1 -12.1 -3.8 -804.5 141.4 8.7 1.9 0.0 -23.5 -4.2 -4.2 10.1 34.3 44.8 -76.7 -80.4

2006
87.2 -821.6 -734.4 0.0 0.0 407.5 407.5 -326.9 4.9 4.9 0.0 126.4 0.0 131.3 704.7 1112.2 -573.4 435.4 -699.8 786.1 246.6 24.4 377.9 179.4 179.4 0.0 223.8 -44.4 230.6 -22.2 10.3 -32.5 0.8 0.0 0.0 -220.3 -33.3 -187.0 -8.9 -195.9 0.0 18.6 18.6 0.0 -8.6 15.1 4.5 -842.2 128.5 -46.4 5.7 2.4 -2.5 0.0 0.0 0.0 0.0 -18.1 -3.7 -3.8 9.2 47.5 -11.9 16.3 -84.2

2007
87.2 -864.3 -777.1 0.0 0.0 697.6 697.6 -79.5 2.2 2.2 0.0 103.6 0.0 105.8 410.9 1108.5 -305.1 708.5 -408.7 787.2 225.5 22.4 331.3 177.3 177.3 0.0 211.2 -33.9 219.2 -41.5 0.2 -41.7 0.9 0.0 0.0 247.4 -42.6 290.0 -20.2 269.8 0.0 25.7 25.7 0.0 -12.6 -17.2 -7.5 -891.2 123.6 -0.5 0.1 0.0 -2.2 31.8 0.0 0.0 0.0 -23.5 -4.8 -4.9 9.1 53.5 29.7 -1.2 -89.1

2008
87.2 -833.5 -746.3 0.0 0.0 531.3 531.3 -215.0 4.8 4.8 0.0 112.9 0.0 117.7 555.4 1086.7 -437.7 679.8 -550.6 807.2 222.6 22.9 340.3 291.2 291.2 0.0 258.6 32.6 266.5 31.1 0.4 30.7 0.0 0.0 0.0 -135.5 30.7 -166.2 53.6 -112.6 0.0 21.2 21.2 0.0 9.0 -22.7 -47.6 -855.8 91.5 1.3 0.1 0.1 0.0 0.0 0.0 0.0 0.0 10.5 3.5 3.5 10.2 85.6 -172.9 64.2 -85.6

2009
87.2 -732.0 -644.8 0.0 0.0 0.0 0.0 -644.8 0.6 0.6 0.0 94.4 0.0 95.0 940.9 940.9 -845.9 155.0 -940.3 807.2 201.1 21.5 296.1 58.0 58.0 0.0 148.8 -90.8 161.0 102.7 0.9 101.8 0.3 0.0 0.0 -429.8 101.5 -531.3 123.0 -408.3 0.0 10.1 10.1 0.0 34.4 -23.6 -30.1 -739.4 277.6 0.9 1.6 0.6 0.3 0.0 0.0 0.0 0.0 175.5 11.7 11.6 9.7 19.6 234.3 -80.1 -73.9

395

Chashma Sugar Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

191.3 266.0 457.3 0.0 0.0 263.9 263.9 721.2 18.6 18.6 0.0 145.3 128.7 292.6 275.7 539.6 16.9 321.6 -257.1 1282.5 704.2 35.3 996.8 1622.5 1128.6 493.9 1538.7 83.8 1575.5 50.5 17.3 33.2 11.0 0.0 0.0 284.7 22.2 262.5 57.5 320.0 36.6 106.1 59.4 118.0 3.3 7.8 18.0 239.0 97.1 34.3 1.1 5.4 33.1 2.1 7.3 0.0 2.0 1.7 1.2 9.2 162.8 -177.3 137.9 23.9

2005
191.3 343.8 535.1 0.0 0.0 375.9 375.9 911.0 38.9 38.9 0.0 261.9 97.1 397.9 530.7 906.6 -132.8 732.5 -491.8 1723.4 1043.7 100.8 1441.6 1414.0 1245.2 168.8 1187.2 226.8 1233.8 182.3 44.2 138.1 7.5 0.0 0.0 189.8 130.6 59.2 231.4 290.6 41.3 75.0 56.7 169.4 9.6 68.8 79.6 279.7 87.3 24.2 3.1 6.0 5.4 4.6 25.8 0.0 9.8 7.2 6.8 14.3 98.1 323.5 -12.9 28.0

2006
191.3 293.7 485.0 0.0 0.0 1248.5 1248.5 1733.5 102.5 102.5 0.0 253.6 263.3 619.4 687.4 1935.9 -68.0 1753.1 -584.9 2560.7 1801.4 91.0 2420.8 1360.8 1322.9 37.9 1305.5 55.3 1348.5 28.1 86.4 -58.3 6.0 0.0 0.0 822.5 -64.3 886.8 26.7 913.5 72.0 90.1 51.8 399.2 -2.4 -7.8 2.9 253.5 99.1 307.5 6.3 4.9 -10.3 4.3 -12.0 0.0 0.0 -4.3 -3.0 -3.4 8.7 56.2 -141.7 -3.8 25.4

2007
191.3 -63.3 128.0 0.0 0.0 949.5 949.5 1077.5 42.6 42.6 0.0 384.6 1131.2 1558.4 2382.8 3332.3 -824.4 3046.5 -2340.2 2851.9 1902.0 177.5 3460.4 1896.5 1896.5 0.0 1967.6 -71.1 2024.7 -125.3 252.2 -377.5 8.2 0.0 0.0 -656.0 -385.7 -270.3 -208.2 -478.5 88.1 65.4 17.9 2603.4 -10.9 58.8 43.5 66.9 106.8 -201.3 13.3 8.3 -2.2 7.9 -294.9 0.0 0.0 -19.9 -19.7 -20.2 9.9 54.8 556.7 39.4 6.7

2008
286.9 830.7 1117.6 0.0 0.0 928.3 928.3 2045.9 46.3 46.3 0.0 304.5 1438.1 1788.9 2462.5 3390.8 -673.6 2510.8 -2416.2 3123.6 2719.6 227.5 4508.5 2858.9 2093.3 765.6 2512.9 346.0 2588.6 281.5 338.8 -57.3 8.4 0.0 0.0 968.4 -65.7 1034.1 161.8 1195.9 45.4 72.6 14.2 303.4 -1.3 -6.8 13.5 389.5 90.5 120.4 11.9 13.5 -14.7 0.7 -5.1 0.0 0.0 -2.0 -2.0 -2.3 12.0 63.4 -89.8 50.7 39.0

2009
286.9 612.7 899.6 0.0 0.0 1229.7 1229.7 2129.3 21.0 21.0 0.0 297.2 701.4 1019.6 1405.3 2635.0 -385.7 2191.4 -1384.3 3156.8 2515.1 257.1 3534.7 3963.6 3963.6 0.0 3595.6 368.0 3678.2 297.9 438.7 -140.8 19.9 0.0 0.0 83.4 -160.7 244.1 96.4 340.5 57.8 72.6 22.6 292.9 -4.0 -192.7 28.3 313.6 92.8 147.3 11.1 20.0 -14.1 1.4 -15.7 0.0 0.0 -3.6 -4.9 -5.6 9.5 112.1 145.0 38.6 31.4

396

Colony Sugar Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

-

2005
-

2006
-

2007
-

2008
-

2009
990.2 351.0 1341.2 0.0 0.0 1485.4 1485.4 2826.6 25.7 25.7 0.0 401.0 1064.5 1491.2 2008.8 3494.2 -517.6 2520.6 -1983.1 3642.0 3344.1 153.6 4835.3 4009.3 3357.0 652.3 2923.1 1086.2 3082.8 930.6 577.1 353.5 23.3 0.0 0.0 330.2 483.8 52.6 74.2 21.2 260.5 7.3 0.0 0.0 135.4 76.9 62.0 14.4 22.9 6.6 0.0 26.4 0.0 0.0 8.8 3.6 3.3 4.7 82.9 260.0 13.5

397

Crescent Sugar Mills And Distillery Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

190.0 280.1 470.1 0.0 0.0 83.0 83.0 553.1 328.4 11.8 316.6 191.9 368.4 888.7 763.0 846.0 125.7 611.2 -434.6 1029.4 427.5 47.0 1316.2 2011.7 1601.8 409.9 1984.0 27.7 2062.3 -6.6 43.2 -49.8 9.5 0.0 0.0 55.6 -59.3 114.9 -12.3 102.6 15.0 116.5 68.2 180.0 -3.8 -106.7 -12.0 247.4 102.5 2.1 7.1 2.5 -10.6 0.0 -2.5 -2.6 -3.1 11.8 152.8 136.4 67.3 24.7

2005
190.0 347.2 537.2 0.0 0.0 51.6 51.6 588.8 338.3 12.2 326.1 209.9 206.5 754.7 581.7 633.3 173.0 408.8 -243.4 1061.0 416.0 46.3 1170.7 2318.5 1881.0 437.5 2124.5 194.0 2216.2 158.2 56.5 101.7 7.8 0.0 0.0 35.7 93.9 -58.2 140.2 82.0 8.8 129.7 94.2 117.9 8.7 263.0 171.0 282.7 95.6 35.7 2.4 13.8 7.7 2.3 18.9 0.0 4.4 5.4 4.9 10.8 198.0 -307.7 15.3 28.3

2006
213.8 171.4 385.2 0.0 0.0 118.2 118.2 503.4 276.0 19.2 256.8 209.1 203.2 688.3 666.5 784.7 21.8 528.6 -390.5 1166.7 481.6 42.9 1169.9 2236.5 1817.7 418.8 2092.5 144.0 2203.0 53.6 80.3 -26.7 10.8 0.0 0.0 -85.4 -37.5 -47.9 5.4 -42.5 23.5 103.3 72.8 203.7 -2.3 43.9 -12.7 180.2 98.5 149.8 3.6 15.2 -40.4 2.5 -6.9 0.0 0.0 -1.2 -1.2 -1.8 10.3 191.2 -122.2 -3.5 18.0

2007
213.8 403.9 617.7 0.0 0.0 81.7 81.7 699.4 547.5 13.3 534.2 213.8 231.2 992.5 752.5 834.2 240.0 596.1 -205.0 1153.9 459.4 38.4 1451.9 2395.5 2028.4 367.1 2302.1 93.4 2408.5 102.9 86.5 16.4 11.7 0.0 0.0 196.0 4.7 191.3 43.1 234.4 11.7 131.9 101.2 135.0 1.1 2.4 18.4 288.9 100.5 84.1 3.6 14.5 71.3 3.1 2.7 0.0 0.0 0.7 0.8 0.2 8.0 165.0 -166.7 7.1 28.9

2008
213.8 144.7 358.5 0.0 0.0 49.1 49.1 407.6 329.7 11.6 318.1 233.0 310.0 872.7 893.2 942.3 -20.5 638.4 -563.5 1204.4 428.1 46.6 1300.8 2544.9 2102.4 442.5 2414.2 130.7 2525.6 36.4 92.7 -56.3 4.3 0.0 0.0 -291.8 -60.6 -231.2 -14.0 -245.2 12.0 97.7 63.0 262.8 -4.3 20.8 5.7 167.7 99.2 254.7 3.6 14.5 -7.6 2.9 -15.7 0.0 0.0 -2.2 -2.6 -2.8 10.1 195.6 -425.0 6.2 16.8

2009
213.8 120.9 334.7 0.0 0.0 74.8 74.8 409.5 246.2 6.6 239.6 287.5 170.4 704.1 701.0 775.8 3.1 533.4 -454.8 52.7 406.3 3.1 1110.4 2098.6 1677.6 421.0 2039.4 59.2 2158.7 -43.2 96.8 -140.0 12.6 0.0 0.0 1.9 -152.6 154.5 -149.5 5.0 18.3 100.4 76.1 231.8 -12.6 -8031.6 -2990.0 156.5 102.9 -224.1 4.6 18.1 -9.0 4.5 -41.8 0.0 0.0 -6.7 -6.5 -7.1 0.7 189.0 150.0 -17.5 15.7

398

Dewan Sugar Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

182.6 882.7 1065.3 0.0 37.5 736.6 774.1 1839.4 301.2 14.5 286.7 813.0 898.7 2012.9 2445.1 3219.2 -432.2 1748.1 -2143.9 3249.3 2271.6 81.8 4284.5 857.7 815.9 41.8 716.7 141.0 764.5 146.3 74.4 71.9 20.9 0.0 0.0 992.1 51.0 941.1 132.8 1073.9 42.1 82.3 45.6 302.2 1.7 5.1 12.4 583.4 89.1 50.9 8.7 4.3 29.1 9.8 6.7 0.0 8.4 3.9 2.8 11.6 20.0 -211.4 -52.7 58.3

2005
365.1 975.6 1340.7 0.0 25.0 851.6 876.6 2217.3 351.9 18.8 333.1 1566.8 1797.2 3715.9 4388.5 5265.1 -672.6 3114.3 -4036.6 4065.4 2890.0 197.7 6605.9 3307.4 3072.9 234.5 3099.3 208.1 3185.3 150.9 93.3 57.6 26.4 0.0 0.0 377.9 31.2 346.7 228.9 575.6 39.5 84.7 43.7 392.7 0.9 8.3 39.8 367.2 96.3 61.8 2.8 3.0 45.8 4.8 4.3 0.0 1.7 1.6 0.9 8.7 50.1 -59.0 285.6 36.7

2006
365.1 1574.1 1939.2 0.0 12.5 602.3 614.8 2554.0 28.9 28.9 0.0 2389.1 577.5 2995.5 4472.7 5087.5 -1477.2 2522.3 -4443.8 5411.1 4031.1 205.4 7026.6 7262.9 6911.2 351.7 6778.0 484.9 6908.3 359.9 228.9 131.0 42.9 0.0 0.0 336.7 88.1 248.6 293.5 542.1 24.1 67.0 54.1 262.4 1.9 26.2 54.1 531.1 95.1 63.6 3.2 9.1 32.7 2.6 6.8 0.0 0.0 1.8 3.6 2.4 7.1 103.4 125.0 119.6 53.1

2007
365.1 1279.3 1644.4 0.0 0.0 256.4 256.4 1900.8 216.0 15.3 200.7 2121.0 862.1 3199.1 5168.1 5424.5 -1969.0 2653.4 -4952.1 5579.3 3869.9 329.4 7069.0 4854.5 4076.2 778.3 4702.3 152.2 4860.1 11.8 363.8 -352.0 26.5 0.0 0.0 -653.2 -378.5 -274.7 -49.1 -323.8 13.5 61.9 45.2 329.9 -5.0 57.9 15.2 450.4 100.1 3083.1 7.5 13.7 -7.5 4.4 -21.4 0.0 0.0 -7.3 -9.6 -10.4 8.2 68.7 -366.7 -33.2 45.0

2008
365.1 598.1 963.2 0.0 0.0 299.0 299.0 1262.2 94.0 35.3 58.7 2040.9 828.0 2962.9 5635.2 5934.2 -2672.3 3505.4 -5541.2 5949.8 3934.6 308.2 6897.5 6200.5 4876.2 1324.3 6158.1 42.4 6317.6 -113.5 627.2 -740.7 33.3 0.0 0.0 -638.6 -774.0 135.4 -465.8 -330.4 23.7 52.6 37.9 616.1 -10.7 121.2 141.0 263.8 101.9 -552.6 10.1 17.9 -4.5 23.3 -76.9 0.0 0.0 -11.9 -20.3 -21.2 8.0 89.9 111.5 27.7 26.4

2009
365.1 446.9 812.0 0.0 12.5 586.7 599.2 1411.2 39.0 10.6 28.4 1859.1 748.4 2646.5 4926.5 5525.7 -2280.0 3648.9 -4887.5 5950.7 3691.1 244.7 6337.6 2439.1 2081.6 357.5 2419.7 19.4 2535.5 -173.1 297.9 -471.0 3.7 0.0 0.0 149.0 -474.7 623.7 -230.0 393.7 42.5 53.7 38.5 680.5 -7.4 -318.6 -58.4 222.4 104.0 -172.1 12.2 8.2 -0.8 30.7 -58.0 0.0 0.0 -19.3 -12.9 -13.0 6.2 38.5 -36.5 -60.7 22.2

399

Faran Sugar Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

125.5 -13.2 112.3 0.0 0.0 78.0 78.0 190.3 56.2 4.2 52.0 155.0 116.5 327.7 612.2 690.2 -284.5 111.5 -556.0 1009.0 474.9 22.3 802.6 1123.0 1056.2 66.8 1052.8 70.2 1077.5 73.5 11.3 62.2 5.3 0.0 0.0 30.5 56.9 -26.4 79.2 52.8 41.0 53.5 34.5 614.6 7.7 186.6 150.0 89.5 95.9 15.4 1.0 10.1 8.5 0.0 55.4 0.0 5.5 5.0 4.5 4.6 139.9 -211.1 -30.7 8.9

2005
188.3 9.4 197.7 0.0 0.0 54.0 54.0 251.7 72.9 15.7 57.2 208.9 117.6 399.4 605.0 659.0 -205.6 147.0 -532.1 1018.1 457.2 28.0 856.6 1323.5 1323.5 0.0 1255.0 68.5 1278.3 56.2 20.8 35.4 5.7 0.0 0.0 61.4 29.7 31.7 57.7 89.4 21.5 66.0 46.6 333.3 4.1 48.4 64.5 105.0 96.6 37.0 1.6 14.1 16.1 0.0 17.9 0.0 2.7 1.9 1.6 5.9 154.5 -62.0 17.9 10.5

2006
188.3 91.8 280.1 0.0 0.0 60.8 60.8 340.9 125.3 40.6 84.7 182.2 276.0 583.5 692.1 752.9 -108.6 185.6 -566.8 1035.5 449.4 28.2 1032.9 2795.0 2795.0 0.0 2521.8 273.2 2564.6 234.8 53.4 181.4 12.2 41.4 0.0 89.2 127.8 -38.6 156.0 117.4 17.8 84.3 44.4 268.8 17.6 143.3 132.9 148.8 91.8 22.7 1.9 28.8 6.7 0.4 64.8 408.7 14.8 6.5 9.6 9.0 6.2 270.6 405.3 111.2 14.9

2007
188.3 59.9 248.2 0.0 0.0 95.0 95.0 343.2 139.1 41.2 97.9 249.2 149.5 537.8 693.8 788.8 -156.0 116.8 -554.7 1111.4 499.2 28.1 1037.0 2093.3 2093.3 0.0 2017.6 75.7 2053.7 48.1 28.3 19.8 9.6 0.0 0.0 2.3 10.2 -7.9 38.3 30.4 27.7 77.5 56.0 317.8 1.9 443.5 126.0 131.8 98.1 58.8 1.4 24.2 48.5 2.0 8.0 0.0 0.0 0.9 1.1 0.5 6.3 201.9 -88.5 -25.1 13.2

2008
216.5 145.9 362.4 0.0 0.0 19.6 19.6 382.0 232.7 51.0 181.7 279.6 482.7 995.0 1128.8 1148.4 -133.8 102.3 -896.1 1157.5 515.9 31.4 1510.9 1691.1 1691.1 0.0 1546.5 144.6 1615.8 128.9 21.1 107.8 16.0 0.0 0.0 38.8 91.8 -53.0 123.2 70.2 5.1 88.1 45.4 316.9 7.1 236.6 175.5 167.4 95.5 16.4 1.2 20.6 14.8 3.9 29.7 0.0 0.0 6.4 5.0 4.2 6.3 111.9 354.5 -19.2 16.7

2009
216.5 230.7 447.2 0.0 0.0 0.0 0.0 447.2 248.2 78.0 170.2 262.9 479.1 990.2 1081.8 1081.8 -91.6 219.8 -833.6 1211.7 538.8 34.2 1529.0 2409.5 2409.5 0.0 2218.8 190.7 2276.2 165.0 48.8 116.2 18.5 37.9 0.0 65.2 59.8 5.4 94.0 99.4 0.0 91.5 47.2 241.9 7.6 91.7 94.6 206.6 94.5 29.6 2.0 22.2 15.9 3.7 26.0 257.8 8.5 4.8 5.4 4.5 6.6 157.6 8.0 42.5 20.7

400

Fecto Sugar Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

50.3 -118.1 -67.8 0.0 0.0 578.2 578.2 510.4 155.0 49.7 105.3 364.7 0.0 519.7 1162.3 1740.5 -642.6 1023.6 -1007.3 1716.8 1153.0 65.6 1672.7 848.4 848.4 0.0 829.3 19.1 872.8 -18.5 62.3 -80.8 3.8 0.0 0.0 274.0 -84.6 358.6 -19.0 339.6 113.3 44.7 44.7 -4.8 -30.9 -5.6 -134.8 102.9 7.3 6.1 0.0 -9.5 -16.1 -16.8 5.5 50.7 -58.0 -1.5 -13.5

2005
50.3 -79.4 -29.1 0.0 0.0 515.2 515.2 486.1 97.0 4.6 92.4 134.6 219.4 451.0 1077.8 1593.0 -626.8 950.9 -980.8 1738.6 1112.8 62.0 1563.8 1168.4 1168.4 0.0 983.7 184.7 1037.1 139.9 106.0 33.9 5.5 0.0 0.0 -24.3 28.4 -52.7 90.4 37.7 106.0 41.8 21.5 2.2 239.8 -57.9 88.8 75.8 9.1 11.1 16.2 0.0 2.9 6.7 5.6 5.4 74.7 -141.6 37.7 -5.8

2006
50.3 54.8 105.1 0.0 0.0 372.0 372.0 477.1 33.2 8.4 24.8 149.7 323.5 506.4 1429.6 1801.6 -923.2 831.4 -1396.4 2084.8 1400.2 58.8 1906.6 1001.8 1001.8 0.0 938.9 62.9 993.4 16.4 109.0 -92.6 4.7 0.0 0.0 -9.0 -97.3 88.3 -38.5 49.8 78.0 35.4 12.8 1714.2 -4.9 1081.1 -77.3 208.9 99.2 664.6 10.9 13.1 -5.1 0.0 -88.1 0.0 0.0 -9.2 -18.4 -19.3 5.3 52.5 -374.6 -14.3 20.9

2007
145.9 -158.4 -12.5 0.0 0.0 264.3 264.3 251.8 5.1 5.1 0.0 161.3 356.3 522.7 1593.9 1858.2 -1071.2 697.0 -1588.8 2096.0 1323.0 78.7 1845.7 972.0 972.0 0.0 1030.8 -58.8 1090.9 -107.3 108.6 -215.9 4.5 0.0 0.0 -225.3 -220.4 -4.9 -141.7 -146.6 105.0 32.8 10.4 0.0 -11.7 97.8 96.7 -8.6 112.2 -101.2 11.2 15.6 -2.1 0.0 0.0 0.0 0.0 -22.2 -14.8 -15.1 5.6 52.7 -19.6 -3.0 -0.9

2008
145.9 -194.1 -48.2 0.0 0.0 337.5 337.5 289.3 15.8 15.8 0.0 191.0 33.3 240.1 1216.4 1553.9 -976.3 426.8 -1200.6 2101.6 1265.6 73.0 1505.7 1854.4 1854.4 0.0 1745.6 108.8 1810.9 45.8 97.2 -51.4 0.0 0.0 0.0 37.5 -51.4 88.9 21.6 110.5 116.7 19.7 17.0 0.0 -3.4 -137.1 19.5 -33.0 97.7 212.2 5.2 22.8 0.0 0.1 0.0 0.0 0.0 -2.8 -3.5 -3.5 5.5 123.2 -76.4 90.8 -3.3

2009
145.9 -126.2 19.7 0.0 0.0 313.2 313.2 332.9 4.1 4.1 0.0 178.8 2.0 184.9 1242.7 1555.9 -1057.8 362.7 -1238.6 2269.6 1390.6 67.5 1575.5 1205.4 1205.4 0.0 1146.7 58.7 1218.7 -6.7 79.8 -86.5 6.5 0.0 0.0 43.6 -93.0 136.6 -25.5 111.1 94.1 14.9 14.7 7898.0 -5.5 -213.3 -23.0 13.5 101.1 -1191.0 6.6 22.0 -7.5 0.0 -439.1 0.0 0.0 -7.2 -5.9 -6.4 5.3 76.5 68.6 -35.0 1.4

401

Habib - ADM Ltd.( Habib Arkady LTD.)

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

200.0 135.3 335.3 0.0 0.0 0.0 0.0 335.3 3.1 3.1 0.0 149.9 105.5 258.5 159.9 159.9 98.6 134.7 -156.8 553.5 236.7 18.6 495.2 466.2 368.8 97.4 393.3 72.9 448.7 22.6 4.2 18.4 4.1 0.0 0.0 10.7 14.3 -3.6 32.9 29.3 0.0 161.7 95.7 47.7 3.7 133.6 112.3 167.7 96.2 18.6 0.9 3.1 22.3 0.0 5.5 0.0 3.9 0.9 0.7 9.6 94.1 -43.8 34.2 16.8

2005
200.0 159.2 359.2 0.0 0.0 0.0 0.0 359.2 4.3 4.3 0.0 160.4 79.4 244.1 119.7 119.7 124.4 89.6 -115.4 564.9 234.9 16.3 479.0 494.9 314.4 180.5 350.1 144.8 460.9 35.0 8.0 27.0 7.5 0.0 0.0 23.9 19.5 4.4 35.8 40.2 0.0 203.9 137.6 33.3 5.6 81.6 89.1 179.6 93.1 22.9 1.6 8.9 27.8 22.9 7.5 0.0 5.5 1.4 1.0 6.8 103.3 55.6 6.2 18.0

2006
200.0 172.5 372.5 0.0 0.0 0.0 0.0 372.5 16.5 16.5 0.0 153.0 86.2 255.7 109.1 109.1 146.6 75.6 -92.6 575.7 225.8 17.0 481.5 559.2 402.0 157.2 404.8 154.4 512.2 47.3 9.9 37.4 5.1 12.0 0.0 13.3 20.3 -7.0 37.3 30.3 0.0 234.4 155.4 29.3 7.8 152.6 123.1 186.3 91.6 20.9 1.8 13.1 13.6 20.0 10.0 269.2 3.2 6.7 1.9 1.6 7.3 116.1 35.7 13.0 18.6

2007
200.0 247.1 447.1 0.0 0.0 0.0 0.0 447.1 14.1 14.1 0.0 135.6 70.3 220.0 62.3 62.3 157.7 30.9 -48.2 661.3 289.4 22.4 509.4 743.7 743.7 0.0 483.7 260.0 635.9 110.1 6.7 103.4 11.6 24.0 0.0 74.6 67.8 6.8 90.2 97.0 0.0 353.1 240.3 13.9 20.3 90.9 93.0 223.6 85.5 6.1 0.9 21.7 11.2 10.8 23.1 382.5 5.4 13.9 5.2 4.6 9.9 146.0 173.7 33.0 22.4

2008
200.0 312.5 512.5 0.0 0.0 0.0 0.0 512.5 11.5 10.5 1.0 147.4 179.3 338.2 169.1 169.1 169.1 82.0 -157.6 721.8 343.5 28.2 681.7 1187.5 1187.5 0.0 865.2 322.3 1043.1 148.9 9.9 139.0 21.6 80.0 0.0 65.4 37.4 28.0 65.6 93.6 0.0 200.0 94.0 33.0 20.4 57.2 70.1 256.3 87.8 6.6 0.8 12.1 15.5 5.9 27.1 146.8 15.6 11.7 7.0 5.9 9.8 174.2 34.6 59.7 25.6

2009
200.0 414.2 614.2 0.0 0.0 0.0 0.0 614.2 52.7 51.7 1.0 133.5 139.7 325.9 70.2 70.2 255.7 0.0 -17.5 767.4 358.5 30.7 684.4 1131.8 898.7 233.1 869.7 262.1 1019.0 201.2 3.0 198.2 10.8 80.0 0.0 101.7 107.4 -5.7 138.1 132.4 0.0 464.2 265.2 11.4 29.0 105.6 104.3 307.1 90.0 1.5 0.3 0.0 5.4 6.3 32.3 234.3 13.0 17.5 9.9 9.4 8.9 165.4 41.4 -4.7 30.7

402

Habib Sugar Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

162.0 905.1 1067.1 0.0 0.0 0.0 0.0 1067.1 362.4 142.2 220.2 456.8 303.8 1123.0 742.4 742.4 380.6 248.1 -380.0 1408.0 686.6 60.5 1809.6 2252.3 2252.3 0.0 1950.5 301.8 2074.7 192.0 13.2 178.8 39.4 32.4 0.0 225.5 107.0 118.5 167.5 286.0 0.0 151.3 110.3 69.6 9.9 47.5 58.6 658.7 92.1 6.9 0.6 5.3 22.0 6.6 16.8 430.2 3.0 7.9 11.0 8.6 10.6 124.5 189.5 128.8 65.9

2005
162.0 722.5 884.5 0.0 0.0 0.0 0.0 884.5 429.5 18.0 411.5 397.3 531.9 1358.7 1134.6 1134.6 224.1 306.5 -705.1 1391.5 660.6 67.5 2019.3 3072.0 1959.9 1112.1 2777.6 294.4 2953.2 238.1 30.7 207.4 50.0 64.8 0.0 92.6 160.1 0.0 119.8 72.9 128.3 10.3 0.0 0.0 546.0 96.1 12.9 1.0 10.0 24.1 4.9 23.4 242.9 7.3 6.8 12.8 9.7 9.8 152.1 54.6

2006
216.0 1347.1 1563.1 0.0 0.0 0.0 0.0 1563.1 996.0 381.3 614.7 362.4 419.3 1777.7 832.6 832.6 945.1 337.0 163.4 1392.0 618.0 65.2 2395.7 4019.3 4019.3 0.0 3601.8 417.5 3760.4 309.6 49.0 260.6 68.0 21.6 72.0 678.6 171.0 507.6 236.2 743.8 0.0 213.5 163.2 53.3 10.9 25.2 31.8 723.7 93.6 15.8 1.2 14.5 26.1 4.4 16.7 891.7 1.4 6.5 12.1 8.9 9.9 167.8 -5.5 30.8 72.4

2007
288.0 1691.7 1979.7 0.0 0.0 0.0 0.0 1979.7 1439.9 638.5 801.4 428.6 390.5 2259.0 959.8 959.8 1299.2 488.2 480.1 1513.8 680.4 62.0 2939.4 2839.0 2839.0 0.0 2468.8 370.2 2641.9 278.5 22.2 256.3 47.5 57.6 72.0 416.6 151.2 265.4 213.2 478.6 0.0 235.4 194.7 48.5 8.7 36.3 44.5 687.4 93.1 8.0 0.8 4.5 18.5 7.1 12.9 362.5 2.9 9.0 8.9 7.3 10.0 96.6 -26.4 -29.4 68.7

2008
360.0 1670.5 2030.5 0.0 0.0 0.0 0.0 2030.5 1292.2 736.5 555.7 833.2 438.2 2563.6 1324.1 1324.1 1239.5 465.2 -31.9 1687.6 790.8 66.4 3354.4 4490.4 2102.4 2388.0 3755.7 734.7 4037.9 513.6 10.0 503.6 80.0 90.0 120.0 50.8 333.6 -282.8 400.0 117.2 0.0 193.6 160.5 65.2 15.0 656.7 341.3 564.0 89.9 1.9 0.2 2.1 15.9 9.0 24.8 470.7 4.4 11.2 14.0 11.8 9.8 133.9 57.3 58.2 56.4

2009
480.0 1973.7 2453.7 0.0 0.0 0.0 0.0 2453.7 2151.4 1595.7 555.7 609.7 211.0 2972.1 1352.8 1352.8 1619.3 426.0 798.6 1804.6 834.4 77.7 3806.5 4584.2 3078.1 1506.1 3720.2 864.0 4017.4 711.7 56.9 654.8 175.0 168.0 120.0 423.2 311.8 111.4 389.5 500.9 0.0 219.7 204.1 55.1 17.2 73.7 77.8 511.2 87.6 8.0 1.2 13.4 26.7 7.7 26.7 285.6 6.8 14.3 13.6 10.0 9.8 120.4 -2.9 2.1 51.1

403

Haseeb Waqas Sugar Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

324.0 312.3 636.3 0.0 0.0 188.6 188.6 824.9 72.6 72.6 0.0 135.6 290.2 498.4 705.0 893.6 -206.6 549.3 -632.4 1633.3 1031.4 63.7 1529.8 1867.8 1867.8 0.0 1745.1 122.7 1782.2 86.4 63.7 22.7 8.2 0.0 0.0 69.5 14.5 55.0 78.2 133.2 22.9 70.7 29.5 140.4 1.5 20.9 58.7 196.4 95.4 73.7 3.4 11.6 36.1 0.0 3.6 0.0 1.2 0.7 0.4 5.8 122.1 -240.0 18.1 19.6

2005
324.0 371.5 695.5 0.0 0.0 83.0 83.0 778.5 13.1 13.1 0.0 139.7 124.6 277.4 496.5 579.5 -219.1 288.2 -483.4 1660.5 997.7 61.7 1275.1 1568.0 1477.1 90.9 1348.6 219.4 1385.0 186.8 51.3 135.5 36.3 0.0 0.0 -46.4 99.2 -145.6 160.9 15.3 10.7 55.9 30.8 83.3 10.6 1051.6 214.7 88.3 27.5 3.3 17.8 26.8 0.0 19.5 0.0 8.6 4.2 3.1 6.0 123.0 500.0 -16.1 21.5

2006
324.0 212.3 536.3 0.0 0.0 33.2 33.2 569.5 77.3 77.3 0.0 216.4 277.9 571.6 965.9 999.1 -394.3 579.2 -888.6 1683.5 963.6 58.8 1535.2 1091.1 1043.1 48.0 1092.9 -1.8 1119.7 -26.8 81.2 -108.0 8.8 0.0 0.0 -209.0 -116.8 -92.2 -58.0 -150.2 5.8 59.2 30.4 186.3 -7.0 55.9 38.6 165.5 102.6 -303.0 7.4 14.0 -8.1 0.0 -20.1 0.0 0.0 -9.9 -3.3 -3.6 5.9 71.1 -178.6 -30.4 16.6

2007
324.0 101.5 425.5 0.0 0.0 0.0 0.0 425.5 25.0 25.0 0.0 156.4 417.2 598.6 1145.5 1145.5 -546.9 747.4 -1120.5 1749.6 972.4 58.9 1571.0 1015.4 1015.4 0.0 1013.1 2.3 1046.0 -27.1 108.6 -135.7 4.4 0.0 0.0 -144.0 -140.1 -3.9 -81.2 -85.1 0.0 52.3 15.8 269.2 -8.6 97.3 95.4 131.3 103.0 -400.7 10.7 14.5 -3.2 0.1 -31.9 0.0 0.0 -13.4 -4.2 -4.3 6.1 64.6 27.3 -6.9 13.1

2008
324.0 164.3 488.3 0.0 0.0 20.3 20.3 508.6 5.0 5.0 0.0 193.4 233.2 431.6 988.5 1008.8 -556.9 507.4 -983.5 1136.0 1065.5 56.7 1497.1 1324.2 1324.2 0.0 1288.7 35.5 1321.1 10.8 109.0 -98.2 0.0 0.0 0.0 83.1 -98.2 181.3 -41.5 139.8 4.0 43.7 20.1 206.6 -6.6 -118.2 -29.7 150.7 99.8 1009.3 8.2 21.5 0.0 0.7 -20.1 0.0 0.0 -7.4 -3.0 -3.0 5.8 88.5 -28.6 30.4 15.1

2009
324.0 206.6 530.6 0.0 0.0 0.0 0.0 530.6 146.1 146.1 0.0 173.6 35.2 354.9 830.6 830.6 -475.7 231.3 -684.5 1135.8 1006.1 59.1 1361.0 1054.9 1054.9 0.0 856.7 198.2 887.5 167.5 130.1 37.4 5.7 0.0 0.0 22.0 31.7 -9.7 90.8 81.1 0.0 42.7 38.5 156.5 2.7 144.1 112.0 163.8 84.1 77.7 12.3 56.2 15.2 0.0 7.0 0.0 0.0 3.5 1.2 1.0 5.5 77.5 -140.0 -20.3 16.4

404

Husein Sugar Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

110.0 219.2 329.2 0.0 0.0 0.7 0.7 329.9 74.6 67.8 6.8 96.2 98.7 269.5 157.8 158.5 111.7 1.0 -83.2 584.8 218.3 30.3 487.8 1235.4 1226.2 9.2 1097.4 138.0 1149.5 90.4 7.1 83.3 25.1 0.0 0.0 53.0 58.2 -5.2 88.5 83.3 0.2 170.8 108.2 48.1 17.1 109.8 106.2 299.3 93.0 7.9 0.6 710.0 30.1 0.1 25.3 0.0 6.7 7.6 5.3 14.4 253.3 46.2 75.0 29.9

2005
110.0 312.5 422.5 0.0 0.0 36.6 36.6 459.1 50.4 39.5 10.9 127.7 140.9 319.0 184.9 221.5 134.1 48.0 -134.5 726.7 325.1 36.6 644.1 1324.4 1324.4 0.0 1079.1 245.3 1154.0 177.7 10.0 167.7 50.3 27.5 0.0 129.2 89.9 39.3 126.5 165.8 8.0 172.5 96.3 52.4 26.0 69.6 76.3 384.1 87.1 5.6 0.8 20.8 30.0 0.0 39.7 426.9 6.5 12.7 15.2 10.7 16.8 205.6 100.0 7.2 38.4

2006
121.0 283.5 404.5 0.0 0.0 28.5 28.5 433.0 20.4 7.5 12.9 127.1 314.6 462.1 383.6 412.1 78.5 280.7 -363.2 778.0 354.5 24.0 816.6 1153.2 1153.2 0.0 1043.2 110.0 1098.1 60.3 35.2 25.1 5.1 0.0 0.0 -26.1 20.0 -46.1 44.0 -2.1 6.6 120.5 38.5 101.9 3.1 -76.6 -2095.2 334.3 95.2 58.4 3.1 12.5 20.3 0.0 6.2 0.0 0.0 2.2 2.1 1.7 7.4 141.2 -86.2 -12.9 33.4

2007
121.0 245.3 366.3 0.0 0.0 9.7 9.7 376.0 18.4 6.1 12.3 137.7 249.4 405.5 367.4 377.1 38.1 284.9 -349.0 799.0 337.9 40.4 743.4 1534.5 1534.5 0.0 1519.4 15.1 1580.0 -27.6 42.6 -70.2 6.7 0.0 0.0 -57.0 -76.9 19.9 -36.5 -16.6 2.6 110.4 42.5 102.9 -9.4 134.9 219.9 302.7 103.0 -154.3 2.8 15.0 -9.5 1.8 -19.2 0.0 0.0 -4.6 -5.8 -6.4 11.4 206.4 -376.2 33.1 30.3

2008
121.0 279.6 400.6 0.0 0.0 11.0 11.0 411.6 45.5 33.8 11.7 147.1 41.4 234.0 181.6 192.6 52.4 33.7 -136.1 862.1 359.1 42.8 593.1 1897.5 1897.5 0.0 1724.5 173.0 1803.3 100.6 43.8 56.8 0.0 20.6 0.0 35.6 36.2 -0.6 79.0 78.4 2.7 128.9 106.1 48.1 9.6 101.7 100.8 331.1 95.0 43.5 2.3 130.0 0.0 0.0 14.2 275.7 5.1 3.0 4.7 4.7 12.7 319.9 -181.0 23.7 33.1

2009
121.0 180.0 301.0 0.0 0.0 24.6 24.6 325.6 36.0 28.9 7.1 149.4 104.0 289.4 340.6 365.2 -51.2 151.7 -304.6 103.3 376.9 7.3 666.3 1468.3 1468.3 0.0 1418.7 49.6 1498.8 -25.0 62.6 -87.6 7.4 0.0 0.0 -86.0 -95.0 9.0 -87.7 -78.7 7.6 85.0 54.4 121.3 -13.1 110.5 111.4 248.8 102.1 -250.4 4.3 41.3 -8.4 0.4 -29.1 0.0 0.0 -6.0 -7.2 -7.9 2.0 220.4 -253.2 -22.6 24.9

405

JDW Sugar Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

205.8 378.7 584.5 0.0 0.0 952.3 952.3 1536.8 84.9 84.9 0.0 1199.3 33.7 1317.9 965.3 1917.6 352.6 1589.8 -880.4 1678.2 1184.2 69.1 2502.1 2057.5 2057.5 0.0 1639.3 418.2 1718.1 340.6 69.3 271.3 9.5 41.2 0.0 758.1 220.6 537.5 289.7 827.2 62.0 136.5 133.0 328.1 10.8 29.1 35.0 284.0 83.5 20.3 3.4 4.4 3.5 6.1 46.4 635.4 7.0 13.2 13.2 12.7 8.1 82.2 71.4 6.8 28.4

2005
226.3 751.1 977.4 0.0 0.0 1399.1 1399.1 2376.5 153.0 153.0 0.0 974.1 0.0 1127.1 1258.5 2657.6 -131.4 2318.1 -1105.5 3138.7 2507.8 138.5 3634.9 3194.3 3194.3 0.0 2549.2 645.1 2664.0 538.2 172.9 365.3 14.0 51.4 20.6 839.7 299.9 539.8 438.4 978.2 58.9 89.6 89.6 271.9 10.0 35.7 44.8 431.9 83.4 32.1 5.4 7.5 3.8 2.4 37.4 683.5 5.3 11.4 16.1 15.5 11.7 87.9 22.0 55.3 43.2

2006
260.3 915.4 1175.7 0.0 0.0 2332.6 2332.6 3508.3 991.7 5.4 986.3 1092.6 0.0 2084.3 1670.4 4003.0 413.9 2706.6 -678.7 3883.7 3094.6 159.5 5178.9 6489.8 6489.8 0.0 5336.8 1153.0 5707.6 782.2 495.1 287.1 28.3 78.1 52.1 1131.8 180.7 951.1 340.2 1291.3 66.5 124.8 124.8 340.5 5.5 16.0 26.3 451.7 87.9 63.3 7.6 18.3 9.9 2.6 24.4 331.4 6.6 4.4 11.0 9.9 7.8 125.3 -31.7 103.2 45.2

2007
315.4 893.3 1208.7 0.0 0.0 2414.3 2414.3 3623.0 1605.8 22.0 1583.8 2087.5 358.2 4051.5 3620.4 6034.7 431.1 5178.2 -2014.6 4162.5 3191.9 195.0 7243.4 6144.7 6144.7 0.0 5328.3 816.4 5490.4 756.5 698.0 58.5 0.0 0.0 63.1 114.7 58.5 56.2 253.5 309.7 66.6 111.9 102.0 499.3 0.8 51.0 81.9 383.2 89.4 92.3 11.4 13.5 0.0 5.8 4.8 0.0 0.0 1.0 1.9 1.9 6.3 84.8 -82.7 -5.3 38.3

2008
381.3 539.8 921.1 0.0 0.0 2553.9 2553.9 3475.0 1083.6 3.4 1080.2 1735.7 876.4 3695.7 4542.9 7096.8 -847.2 4679.2 -3459.3 5878.2 4322.3 199.9 8018.0 8718.1 8718.1 0.0 7082.7 1635.4 7441.6 1330.5 662.3 668.2 27.4 133.4 57.2 -148.0 507.4 -655.4 707.3 51.9 73.5 81.4 62.1 770.5 8.3 -342.8 1362.8 241.6 85.4 49.8 7.6 14.2 4.1 1.5 72.5 480.4 14.5 7.7 17.5 16.8 6.3 108.7 821.1 41.9 24.2

2009
442.8 1414.6 1857.4 0.0 0.0 2407.7 2407.7 4265.1 1667.8 3.5 1664.3 2568.0 1436.3 5672.1 6145.5 8553.2 -473.4 6670.8 -4477.7 6586.6 4738.5 310.0 10410.6 7572.7 7572.7 0.0 5670.1 1902.6 5965.7 1630.3 870.4 759.9 62.1 177.1 0.0 790.1 520.7 269.4 830.7 1100.1 56.5 92.3 68.9 460.5 7.3 65.9 75.5 419.5 78.8 53.4 11.5 13.0 8.2 0.5 40.9 394.0 9.5 10.0 17.2 15.8 7.2 72.7 -1.7 -13.1 41.9

406

Khairpur Sugar Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

160.2 -31.3 128.9 0.0 32.2 440.8 473.0 601.9 1.4 1.4 0.0 73.7 8.1 83.2 385.8 858.8 -302.6 555.6 -384.4 1275.5 904.4 67.9 987.6 610.5 610.5 0.0 663.3 -52.8 691.4 -79.2 5.9 -85.1 2.7 0.0 0.0 281.2 -87.8 369.0 -19.9 349.1 78.6 21.6 19.5 666.3 -8.6 -31.2 -5.7 80.5 113.3 1.0 1.1 0.1 -66.0 0.0 -13.9 -5.3 -5.5 12.9 61.8 -167.1 -20.1 8.0

2005
160.2 -84.6 75.6 0.0 23.9 385.6 409.5 485.1 13.9 13.9 0.0 105.6 7.0 126.5 496.5 906.0 -370.0 482.6 -482.6 1278.7 855.1 52.5 981.6 639.5 639.5 0.0 654.1 -14.6 689.5 -45.7 5.9 -51.6 2.8 0.0 0.0 -116.8 -54.4 -62.4 -1.9 -64.3 84.4 25.5 24.1 1198.4 -5.3 47.2 107.8 0.9 1.2 0.1 -68.3 0.0 -8.1 -3.2 -3.4 5.8 65.1 -39.6 4.8 4.7

2006
160.2 -117.1 43.1 0.0 0.0 329.2 329.2 372.3 5.4 5.4 0.0 100.2 59.9 165.5 632.5 961.7 -467.0 407.0 -627.1 1313.3 839.4 51.7 1004.9 850.7 850.7 0.0 820.4 30.3 860.0 -8.6 9.9 -18.5 3.7 0.0 0.0 -112.8 -22.2 -90.6 29.5 -61.1 88.4 26.2 16.7 2231.3 -1.8 19.7 -48.3 26.9 101.1 -115.1 1.2 2.4 -20.0 0.0 -42.9 0.0 0.0 -2.2 -1.2 -1.4 6.0 84.7 -62.5 33.0 2.7

2007
160.2 -178.6 -18.4 0.0 0.0 615.3 615.3 596.9 14.8 14.8 0.0 93.4 5.6 113.8 335.0 950.3 -221.2 696.6 -320.2 1341.4 818.1 49.4 931.9 994.3 994.3 0.0 990.7 3.6 1038.6 -43.4 13.9 -57.3 4.3 0.0 0.0 224.6 -61.6 286.2 -12.2 274.0 103.1 34.0 32.3 0.0 -6.1 -27.4 -4.5 -11.5 104.5 -32.0 1.4 2.0 -7.5 0.0 0.0 0.0 0.0 -5.8 -3.6 -3.8 5.8 106.7 200.0 16.9 -1.1

2008
160.2 -37.6 122.6 0.0 0.0 180.7 180.7 303.3 8.0 8.0 0.0 125.3 252.6 385.9 1177.9 1358.6 -792.0 253.8 -1169.9 1670.3 1095.3 51.7 1481.2 716.3 716.3 0.0 713.6 2.7 767.7 -38.2 11.7 -49.9 0.0 0.0 0.0 -293.6 -49.9 -243.7 1.8 -241.9 59.6 32.8 11.3 1108.2 -3.4 17.0 -0.7 76.5 107.2 -30.6 1.6 4.6 0.0 0.0 -40.7 0.0 0.0 -7.0 -3.1 -3.1 6.3 48.4 -13.9 -28.0 7.7

2009
160.2 -8.9 151.3 0.0 0.0 107.6 107.6 258.9 39.7 39.7 0.0 104.5 44.6 188.8 1247.3 1354.9 -1058.5 185.8 -1207.6 1961.0 1317.3 68.7 1506.1 1075.5 1075.5 0.0 989.9 85.6 1052.2 28.4 3.3 25.1 5.4 0.0 0.0 -44.4 19.7 -64.1 88.4 24.3 41.6 15.1 11.6 895.5 1.7 -44.4 363.8 94.4 97.8 11.6 0.3 1.8 21.5 0.0 16.6 0.0 0.0 2.3 1.6 1.2 6.3 71.4 -151.6 50.1 9.4

407

Kohinoor Sugar Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

94.9 407.5 502.4 0.0 0.0 35.6 35.6 538.0 1.2 1.2 0.0 137.0 95.6 233.8 365.2 400.8 -131.4 298.0 -364.0 929.1 669.4 35.2 903.2 947.4 947.4 0.0 847.9 99.5 891.7 59.6 26.8 32.8 0.0 0.0 0.0 -53.7 32.8 -86.5 68.0 -18.5 6.6 64.0 37.8 79.8 3.6 529.4 94.1 45.0 2.8 9.0 0.0 0.5 6.5 0.0 3.5 3.5 3.5 5.4 104.9 -216.7 4.3 52.9

2005
94.9 449.4 544.3 0.0 0.0 104.9 104.9 649.2 2.9 2.9 0.0 159.0 66.4 228.3 270.2 375.1 -41.9 248.6 -267.3 985.8 691.0 35.2 919.3 974.1 974.1 0.0 838.9 135.2 896.0 105.6 20.8 84.8 13.6 10.4 0.0 111.2 60.8 50.4 96.0 146.4 16.2 84.5 59.9 68.9 9.2 54.7 65.6 573.6 92.0 19.7 2.1 8.4 16.0 0.0 15.6 684.6 1.9 8.7 8.9 7.5 5.3 106.0 154.3 2.8 57.4

2006
94.9 677.3 772.2 0.0 0.0 338.4 338.4 1110.6 9.6 9.6 0.0 164.7 219.0 393.3 585.8 924.2 -192.5 686.9 -576.2 1617.2 1303.2 33.9 1696.5 1037.9 1037.9 0.0 900.3 137.6 954.9 88.7 51.8 36.9 4.6 14.2 0.0 461.4 18.1 443.3 52.0 495.3 30.5 67.1 29.8 119.7 2.2 3.9 10.5 813.7 92.0 58.4 5.0 7.5 12.5 0.4 4.8 227.5 1.8 3.6 3.9 3.4 4.9 61.2 -56.2 6.5 81.4

2007
109.1 512.7 621.8 0.0 0.0 468.6 468.6 1090.4 1.2 1.2 0.0 175.2 176.0 352.4 769.0 1237.6 -416.6 786.3 -767.8 1857.5 1507.1 36.6 1859.5 748.6 748.6 0.0 787.8 -39.2 840.9 -77.8 59.4 -137.2 3.8 0.0 0.0 -20.2 -141.0 120.8 -104.4 16.4 43.0 45.8 22.9 199.0 -7.4 698.0 -636.6 569.9 112.3 -76.3 7.9 7.6 -2.8 0.6 -22.1 0.0 0.0 -18.3 -12.6 -12.9 2.8 40.3 -423.1 -27.9 57.0

2008
109.1 468.2 577.3 0.0 0.0 520.1 520.1 1097.4 8.8 8.8 0.0 215.5 358.4 582.7 1044.9 1565.0 -462.2 770.6 -1036.1 1971.0 1559.5 63.3 2142.2 1089.2 1089.2 0.0 1054.2 35.0 1114.4 -11.9 92.1 -104.0 0.0 0.0 0.0 7.0 -104.0 111.0 -40.7 70.3 47.4 55.8 21.5 271.1 -4.9 -1485.7 -57.9 529.1 102.3 -773.9 8.5 12.0 0.0 3.7 -18.0 0.0 0.0 -9.5 -9.5 -9.5 4.2 50.8 -24.6 45.5 52.9

2009
109.1 563.3 672.4 0.0 0.0 399.3 399.3 1071.7 13.4 13.4 0.0 254.5 92.4 360.3 918.2 1317.5 -557.9 530.1 -904.8 2098.4 1629.7 61.9 1990.0 1379.0 1379.0 0.0 1196.6 182.4 1268.0 115.2 109.4 5.8 1.3 0.0 0.0 -25.7 4.5 -30.2 66.4 36.2 37.3 39.2 29.2 195.9 0.3 -17.5 183.4 616.3 92.0 95.0 7.9 20.6 22.4 0.0 0.9 0.0 0.0 0.4 0.5 0.4 4.0 69.3 -105.3 26.6 61.6

408

Mehran Sugar Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

98.4 127.4 225.8 0.0 0.0 104.8 104.8 330.6 54.8 3.1 51.7 153.0 321.5 529.3 620.0 724.8 -90.7 208.6 -565.2 784.6 421.3 31.2 950.6 773.3 773.3 0.0 739.8 33.5 791.6 42.3 11.9 30.4 3.6 0.0 0.0 41.6 26.8 14.8 58.0 72.8 31.7 85.4 33.5 321.0 3.2 64.4 79.7 229.5 102.4 28.1 1.5 5.7 11.8 2.2 13.5 0.0 3.9 3.1 2.7 8.6 81.3 -1650.0 -13.6 22.9

2005
98.4 67.5 165.9 0.0 0.0 72.9 72.9 238.8 56.9 0.2 56.7 153.0 203.8 413.7 585.6 658.5 -171.9 209.4 -528.7 805.5 410.8 32.8 824.5 1109.3 1109.3 0.0 1048.3 61.0 1083.5 34.4 29.7 4.7 5.6 0.0 0.0 -91.8 -0.9 -90.9 31.9 -59.0 30.5 70.6 35.8 396.9 0.6 168.6 97.7 86.3 2.7 14.2 119.1 1.3 2.8 0.0 0.4 0.5 -0.1 7.8 134.5 -83.9 43.5 16.9

2006
98.4 131.4 229.8 0.0 0.0 49.8 49.8 279.6 110.2 26.5 83.7 161.3 139.7 411.2 525.9 575.7 -114.7 256.2 -415.7 821.4 394.3 33.1 805.5 2259.6 1900.8 358.8 2071.1 188.5 2118.5 145.8 46.9 98.9 9.8 0.0 0.0 40.8 89.1 -48.3 122.2 73.9 17.8 78.2 51.6 250.5 12.3 218.4 165.4 233.5 93.8 32.2 2.1 18.3 9.9 0.0 43.0 0.0 0.0 4.4 10.1 9.1 8.1 280.5 1920.0 103.7 23.4

2007
98.4 20.0 118.4 0.0 0.0 152.2 152.2 270.6 100.1 2.2 97.9 125.4 118.4 343.9 493.0 645.2 -149.1 289.3 -392.9 879.9 419.8 34.3 763.7 1485.9 1376.9 109.0 1493.3 -7.4 1539.6 -52.7 57.8 -110.5 6.5 0.0 0.0 -9.0 -117.0 108.0 -82.7 25.3 56.2 69.8 45.7 544.9 -14.5 1300.0 -326.9 120.3 103.6 -109.7 3.9 20.0 -5.9 2.1 -93.3 0.0 0.0 -7.4 -11.2 -11.9 8.7 194.6 -210.9 -34.2 12.0

2008
98.4 77.4 175.8 0.0 0.0 127.5 127.5 303.3 153.2 1.7 151.5 176.0 437.1 766.3 888.3 1015.8 -122.0 310.1 -735.1 917.0 425.3 34.7 1191.6 1439.3 1202.0 237.3 1320.7 118.6 1398.9 104.2 43.6 60.6 2.4 0.0 0.0 32.7 58.2 -25.5 92.9 67.4 42.0 86.3 37.1 577.8 5.1 178.0 137.8 178.7 97.2 41.8 3.0 14.1 4.0 2.1 34.5 0.0 0.0 4.2 6.2 5.9 8.3 120.8 -155.4 -3.1 17.9

2009
118.1 215.6 333.7 0.0 0.0 90.6 90.6 424.3 214.6 1.3 213.3 250.4 141.3 606.3 694.1 784.7 -87.8 198.6 -479.5 1038.5 512.2 36.5 1118.5 2387.4 2387.4 0.0 1994.4 393.0 2138.6 311.0 65.3 245.7 5.1 41.3 35.4 121.0 199.3 -78.3 235.8 157.5 21.4 87.4 67.0 235.2 22.0 164.7 149.7 282.6 89.6 21.0 2.7 32.9 2.1 4.7 73.6 582.6 12.4 10.3 20.8 20.4 8.6 213.4 235.5 65.9 28.3

409

Mirpurkhas Sugar Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

63.9 98.2 162.1 0.0 0.0 221.2 221.2 383.3 283.1 3.3 279.8 134.5 262.3 679.9 606.3 827.5 73.6 386.6 -323.2 650.6 309.6 15.9 989.5 569.8 564.1 5.7 567.0 2.8 596.6 -0.1 30.9 -31.0 2.9 0.0 0.0 97.5 -33.9 131.4 -18.0 113.4 57.7 112.1 68.9 510.5 -3.1 -34.8 -15.9 253.7 104.7 5.4 8.0 0.0 -19.1 0.0 -5.4 -4.9 -5.3 5.5 57.6 -47.3 -10.1 25.4

2005
63.9 227.9 291.8 0.0 0.0 217.3 217.3 509.1 314.8 5.9 308.9 118.7 198.8 632.3 431.2 648.5 201.1 319.7 -116.4 661.2 308.1 15.7 940.4 890.1 890.1 0.0 761.3 128.8 796.5 136.7 34.8 101.9 4.8 0.0 0.0 125.8 97.1 28.7 112.8 141.5 42.7 146.6 100.5 222.2 10.8 77.2 79.7 456.7 89.5 25.5 3.9 10.9 4.7 0.4 34.9 0.0 11.4 15.9 15.2 5.1 94.7 -424.5 56.2 45.7

2006
63.9 339.9 403.8 0.0 0.0 114.9 114.9 518.7 294.0 12.0 282.0 115.4 336.4 745.8 549.3 664.2 196.5 463.8 -255.3 690.1 322.1 16.8 1067.9 1591.4 1591.4 0.0 1329.9 261.5 1375.3 266.8 55.2 211.6 7.8 14.4 0.0 9.6 189.4 -179.8 206.2 26.4 22.2 135.8 74.5 164.5 19.8 1972.9 781.1 631.9 86.4 20.7 3.5 11.9 3.7 0.0 52.4 1415.3 3.6 13.3 33.1 31.9 5.5 149.0 108.2 78.8 63.2

2007
63.9 295.1 359.0 0.0 0.0 31.8 31.8 390.8 316.6 10.1 306.5 105.8 183.8 606.2 613.4 645.2 -7.2 435.2 -296.8 785.0 398.1 20.7 1004.3 1294.5 1294.5 0.0 1242.9 51.6 1286.8 9.4 60.0 -50.6 6.1 0.0 0.0 -127.9 -56.7 -71.2 -36.0 -107.2 8.1 98.8 68.9 179.7 -5.0 44.3 33.6 561.8 99.4 638.3 4.6 13.8 -12.1 0.4 -14.1 0.0 0.0 -3.9 -7.9 -8.9 6.4 128.9 -123.9 -18.7 56.2

2008
63.9 200.5 264.4 0.0 0.0 177.8 177.8 442.2 228.8 13.3 215.5 180.0 426.6 835.4 810.2 988.0 25.2 331.6 -581.4 822.4 417.0 22.0 1252.4 1128.8 927.1 201.7 980.4 148.4 1060.6 119.1 56.3 62.8 2.5 6.4 0.0 51.4 53.9 -2.5 75.9 73.4 40.2 103.1 50.5 373.7 5.0 104.9 103.4 413.8 94.0 47.3 5.0 17.0 4.0 0.0 23.8 942.2 2.4 5.6 9.8 9.4 5.5 90.1 -224.1 -12.8 41.4

2009
63.9 385.6 449.5 0.0 0.0 133.3 133.3 582.8 266.6 35.0 231.6 258.4 203.2 728.2 730.3 863.6 -2.1 348.0 -463.7 1008.3 584.9 21.6 1313.1 1803.2 1803.2 0.0 1471.6 331.6 1540.9 300.8 86.6 214.2 10.9 16.0 6.4 140.6 187.3 -46.7 208.9 162.2 22.9 99.7 71.9 192.1 16.3 133.2 128.8 703.4 85.5 28.8 4.8 24.9 5.1 4.7 47.7 1270.6 3.6 11.9 33.5 31.8 5.2 137.3 241.8 59.7 70.3

410

Mirza Sugar Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

141.0 -790.3 -649.3 0.0 0.0 573.1 573.1 -76.2 2.5 2.5 0.0 36.1 48.3 86.9 483.5 1056.6 -396.6 680.2 -481.0 689.4 320.3 33.6 407.2 389.5 389.5 0.0 435.0 -45.5 463.2 -73.2 52.0 -125.2 1.7 0.0 0.0 -207.7 -126.9 -80.8 -93.3 -174.1 18.0 8.0 -30.7 -460.5 118.9 13.4 7.6 0.1 -32.1 -8.9 -9.0 9.5 95.7 48.3 -21.1 -46.0

2005
141.0 -749.8 -608.8 0.0 0.0 424.7 424.7 -184.1 2.9 2.9 0.0 40.3 122.8 166.0 640.1 1064.8 -474.1 708.2 -637.2 688.1 290.0 30.4 456.0 227.4 227.4 0.0 277.4 -50.0 303.3 -75.8 36.0 -111.8 1.0 0.0 0.0 -107.9 -112.8 4.9 -82.4 -77.5 25.9 6.7 -24.5 -431.8 133.4 15.8 5.1 0.1 -49.2 -7.9 -8.0 9.5 49.9 -11.2 -41.6 -43.2

2006
141.0 -922.5 -781.5 0.0 0.0 357.9 357.9 -423.6 1.3 1.3 0.0 42.0 1.6 44.9 731.4 1089.3 -686.5 731.6 -730.1 688.2 262.8 27.4 307.7 641.3 641.3 0.0 605.1 36.2 630.4 11.0 28.8 -17.8 2.8 0.0 0.0 -239.5 -20.6 -218.9 6.8 -212.1 0.0 6.1 5.9 0.0 -5.8 8.6 -3.2 -554.3 98.3 261.8 4.5 3.9 -15.7 0.0 0.0 0.0 0.0 -2.8 -1.3 -1.5 9.4 208.4 -83.5 182.0 -55.4

2007
141.0 -971.0 -830.0 0.0 0.0 319.3 319.3 -510.7 1.7 1.7 0.0 43.7 7.2 52.6 802.6 1121.9 -750.0 400.5 -800.9 673.5 239.3 26.9 291.9 558.9 558.9 0.0 562.8 -3.9 590.1 -23.5 21.2 -44.7 2.5 0.0 0.0 -87.1 -47.2 -39.9 -20.3 -60.2 0.0 6.6 5.7 0.0 -15.3 54.2 33.7 -588.7 105.6 -90.2 3.8 5.3 -5.6 1.5 0.0 0.0 0.0 -8.0 -3.2 -3.3 10.2 191.5 146.2 -12.8 -58.9

2008
141.0 -937.6 -796.6 0.0 0.0 220.2 220.2 -576.4 1.3 1.3 0.0 41.5 44.9 87.7 885.1 1105.3 -797.4 740.7 -883.8 694.2 221.1 22.9 308.8 732.3 732.3 0.0 706.2 26.1 743.9 50.9 17.5 33.4 0.0 0.0 0.0 -65.7 33.4 -99.1 56.3 -42.8 0.0 9.9 4.8 0.0 10.8 -50.8 -131.5 -565.0 101.6 34.4 2.4 2.4 0.0 0.2 0.0 0.0 0.0 4.6 2.4 2.4 9.6 237.1 -175.0 31.0 -56.5

2009
141.0 -777.2 -636.2 0.0 0.0 143.8 143.8 -492.4 2.5 2.5 0.0 33.7 65.6 101.8 808.5 952.3 -706.7 435.2 -806.0 708.0 214.4 21.6 316.2 649.5 649.5 0.0 556.2 93.3 615.9 173.7 6.8 166.9 3.3 0.0 0.0 84.0 163.6 -79.6 185.2 105.6 0.0 12.6 4.5 0.0 52.8 194.8 175.4 -451.2 94.8 3.9 1.0 1.6 2.0 0.0 0.0 0.0 0.0 25.7 11.8 11.6 9.8 205.4 391.7 -11.3 -45.1

411

Noon Sugar Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

51.7 607.7 659.4 0.0 0.0 17.4 17.4 676.8 157.0 137.0 20.0 130.2 99.6 386.8 177.1 194.5 209.7 36.6 -20.1 957.0 467.0 48.7 853.8 1223.4 914.4 309.0 1003.8 219.6 1102.6 130.2 4.9 125.3 21.0 0.0 5.2 20.8 104.3 -83.5 153.0 69.5 2.6 218.4 162.2 29.5 14.7 501.4 220.1 1275.4 90.1 3.8 0.4 13.4 16.8 3.7 19.0 0.0 10.2 24.2 20.2 10.5 143.3 16.9 11.6 127.5

2005
113.8 921.5 1035.3 0.0 0.0 13.3 13.3 1048.6 365.5 237.7 127.8 132.2 87.0 584.7 269.8 283.1 314.9 32.9 95.7 1270.6 733.7 51.7 1318.4 1210.2 946.5 263.7 976.7 233.5 1069.3 156.6 3.2 153.4 39.0 25.9 0.0 371.8 88.5 283.3 140.2 423.5 1.3 216.7 184.5 27.3 11.6 23.8 33.1 909.8 88.4 2.0 0.3 9.7 25.4 2.8 14.8 441.7 2.5 12.7 13.5 10.1 11.5 91.8 -44.2 -1.1 91.0

2006
113.8 878.7 992.5 0.0 0.0 431.1 431.1 1423.6 106.3 18.2 88.1 111.6 374.6 592.5 453.4 884.5 139.1 714.5 -347.1 1873.1 1284.5 53.2 1877.0 1001.1 788.5 212.6 928.0 73.1 1006.7 106.9 26.0 80.9 4.5 0.0 22.8 375.0 76.4 298.6 129.6 428.2 30.3 130.7 48.1 89.1 4.3 20.4 30.3 872.1 100.6 24.3 2.6 3.6 5.6 2.4 8.2 0.0 0.0 8.1 7.1 6.7 7.1 53.3 -47.4 -17.3 87.2

2007
136.5 842.3 978.8 0.0 0.0 361.2 361.2 1340.0 96.1 14.9 81.2 134.9 471.1 702.1 823.7 1184.9 -121.6 1006.6 -727.6 2092.4 1461.5 52.9 2163.6 1219.6 963.6 256.0 1149.3 70.3 1235.4 -9.5 51.5 -61.0 5.5 0.0 0.0 -83.6 -66.5 -17.1 -13.6 -30.7 27.0 85.2 28.0 121.1 -2.8 79.5 44.3 717.1 101.3 -542.1 4.2 5.1 -9.0 0.9 -6.2 0.0 0.0 -5.0 -4.5 -4.9 4.1 56.4 -163.4 21.8 71.7

2008
150.2 757.8 908.0 0.0 0.0 266.9 266.9 1174.9 121.6 16.3 105.3 144.9 318.1 584.6 759.4 1026.3 -174.8 821.8 -637.8 2118.9 1349.8 143.3 1934.4 2011.7 1472.8 538.9 1780.4 231.3 1897.5 141.5 184.3 -42.8 5.4 0.0 0.0 -165.1 -48.2 -116.9 95.1 -21.8 22.7 77.0 35.1 113.0 -2.2 29.2 -436.2 604.5 94.3 130.2 9.2 22.4 -12.6 2.0 -4.7 0.0 0.0 -2.1 -2.8 -3.2 9.9 104.0 -37.8 64.9 60.5

2009
150.2 815.2 965.4 0.0 0.0 132.9 132.9 1098.3 64.9 9.8 55.1 175.2 133.2 373.3 500.6 633.5 -127.3 520.6 -435.7 2127.0 1225.5 138.8 1598.8 1713.4 1514.3 199.1 1443.2 270.2 1545.5 192.6 126.5 66.1 9.6 15.0 15.0 -76.6 41.5 -118.1 180.3 62.2 12.1 74.6 48.0 65.6 4.1 -54.2 289.9 642.7 90.2 65.7 7.4 24.3 14.5 0.2 6.8 376.7 1.6 3.9 4.4 3.8 10.3 107.2 -257.1 -14.8 64.3

412

Pangrio Sugar Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

108.5 -648.6 -540.1 0.0 0.0 0.0 0.0 -540.1 3.1 3.1 0.0 28.7 58.8 90.6 847.5 847.5 -756.9 50.3 -844.4 0.0 216.8 0.0 307.4 481.4 481.4 0.0 523.6 -42.2 540.9 -58.1 14.9 -73.0 2.1 0.0 0.0 -112.1 -75.1 -37.0 -75.1 -112.1 10.7 3.8 -23.7 -497.8 112.4 3.1 29.6 0.0 -15.2 -6.7 -6.9 0.0 156.6 42.6 10.8 -49.8

2005
108.5 -802.9 -694.4 0.0 0.0 178.0 178.0 -516.4 2.1 2.1 0.0 29.7 174.2 206.0 918.3 1096.3 -712.3 244.2 -916.2 531.2 196.0 21.0 402.0 230.1 230.1 0.0 320.1 -90.0 333.8 -76.0 3.6 -79.6 1.0 0.0 0.0 23.7 -80.6 104.3 -59.6 44.7 22.4 3.5 -19.8 -340.1 -133.3 -640.0 145.1 1.6 1.5 75.7 -34.6 -7.3 -7.4 9.7 57.2 9.0 -52.2 -64.0

2006
108.5 -762.4 -653.9 0.0 0.0 87.7 87.7 -566.2 0.9 0.9 0.0 36.9 0.0 37.8 781.2 868.9 -743.4 250.4 -780.3 531.2 177.2 18.9 215.0 773.8 773.8 0.0 738.9 34.9 755.6 18.2 5.4 12.8 3.5 0.0 0.0 -49.8 9.3 -59.1 28.2 -30.9 0.0 4.8 4.8 0.0 6.0 -18.7 -91.3 -602.7 97.6 29.7 0.7 2.2 27.3 0.0 0.0 0.0 0.0 1.7 1.2 0.9 9.6 359.9 -116.4 236.3 -60.3

2007
108.5 -795.1 -686.6 0.0 0.0 22.2 22.2 -664.4 0.7 0.7 0.0 43.3 13.4 57.4 882.0 904.2 -824.6 110.4 -881.3 531.2 160.3 16.9 217.7 557.0 557.0 0.0 576.0 -19.0 593.4 -29.2 1.0 -30.2 2.5 0.0 0.0 -98.2 -32.7 -65.5 -15.8 -81.3 0.0 6.5 5.0 0.0 -13.9 33.3 19.4 -632.8 106.5 -3.4 0.2 0.9 -8.3 0.3 0.0 0.0 0.0 -5.4 -2.8 -3.0 9.5 255.9 -333.3 -28.0 -63.3

2008
108.5 -800.4 -691.9 0.0 0.0 0.0 0.0 -691.9 2.0 2.0 0.0 46.2 53.3 101.5 943.9 943.9 -842.4 22.6 -941.9 537.0 150.5 16.3 252.0 731.4 731.4 0.0 726.1 5.3 745.8 -4.0 1.3 -5.3 0.0 0.0 0.0 -27.5 -5.3 -22.2 11.0 -11.2 0.0 10.8 5.1 0.0 -2.1 19.3 -98.2 -637.7 102.0 -32.5 0.2 5.8 0.0 0.0 0.0 0.0 0.0 -0.7 -0.5 -0.5 10.2 290.2 -82.1 31.3 -63.8

2009
108.5 -688.9 -580.4 0.0 0.0 22.0 22.0 -558.4 1.4 1.4 0.0 39.1 122.2 162.7 793.0 815.0 -630.3 182.0 -791.6 550.8 71.8 7.9 234.5 392.0 392.0 0.0 349.8 42.2 371.8 192.2 3.0 189.2 2.0 0.0 0.0 133.5 187.2 -53.7 195.1 141.4 0.0 20.5 5.1 0.0 80.7 140.2 138.0 -534.9 94.8 1.6 0.8 1.6 1.1 0.0 0.0 0.0 0.0 48.3 17.4 17.3 10.0 167.2 -3580.0 -46.4 -53.5

413

Sakrand Sugar Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

223.1 -342.5 -119.4 0.0 0.0 681.6 681.6 562.2 37.7 37.7 0.0 62.3 30.6 130.6 348.8 1030.4 -218.2 792.8 -311.1 1180.0 780.2 42.1 910.8 869.0 869.0 0.0 852.1 16.9 881.7 -12.7 62.7 -75.4 3.7 0.0 0.0 0.0 -79.1 79.1 -37.0 42.1 121.2 37.4 28.7 -8.3 -87.9 -53.5 101.5 7.2 7.9 0.1 -8.7 -3.4 -3.5 5.1 95.4 0.0 0.0 -5.4

2005
223.1 -427.2 -204.1 0.0 0.0 257.0 257.0 52.9 12.1 12.1 0.0 68.4 29.8 110.3 764.6 1021.6 -654.3 437.5 -752.5 1185.6 707.3 38.5 817.6 594.9 594.9 0.0 567.5 27.4 597.8 23.6 41.7 -18.1 2.6 0.0 0.0 -509.3 -20.7 -488.6 17.8 -470.8 485.8 14.4 10.5 -2.2 -91.5 100.5 176.7 7.0 9.5 0.6 -3.0 -0.8 -0.9 5.2 72.8 -76.5 -31.5 -9.1

2006
223.1 -408.4 -185.3 0.0 0.0 479.9 479.9 294.6 45.3 45.3 0.0 79.2 75.4 199.9 581.8 1061.7 -381.9 739.5 -536.5 1187.3 676.5 36.9 876.4 981.5 981.5 0.0 866.2 115.3 900.5 82.7 43.3 39.4 4.3 0.0 0.0 241.7 35.1 206.6 72.0 278.6 162.9 34.4 21.4 0.0 4.5 14.5 25.8 -83.1 91.7 52.4 4.4 5.9 10.9 0.1 0.0 0.0 0.0 4.0 1.8 1.6 5.2 112.0 -325.0 65.0 -8.3

2007
223.1 -530.5 -307.4 0.0 0.0 380.9 380.9 73.5 27.5 27.5 0.0 83.6 60.7 171.8 743.4 1124.3 -571.6 684.8 -715.9 1190.5 645.0 35.6 816.8 1144.5 1144.5 0.0 1182.2 -37.7 1223.1 -77.3 40.0 -117.3 5.0 0.0 0.0 -221.1 -122.3 -98.8 -86.7 -185.5 518.2 23.1 14.9 0.0 -14.4 55.3 46.7 -137.8 106.9 -51.7 3.5 5.8 -4.3 2.1 0.0 0.0 0.0 -10.2 -5.3 -5.5 5.3 140.1 -394.4 16.6 -13.8

2008
223.1 -530.5 -307.4 0.0 0.0 380.9 380.9 73.5 27.5 27.5 0.0 83.6 60.7 171.8 743.4 1124.3 -571.6 684.8 -715.9 1190.5 645.0 35.6 816.8 1144.5 1144.5 0.0 1182.2 -37.7 1223.1 -77.3 40.0 -117.3 5.0 0.0 0.0 0.0 -122.3 122.3 -86.7 35.6 518.2 23.1 14.9 0.0 -14.4 0.0 -243.5 -137.8 106.9 -51.7 3.5 5.8 -4.3 2.1 0.0 0.0 0.0 -10.2 -5.3 -5.5 5.3 140.1 0.0 0.0 -13.8

2009
223.1 584.1 807.2 0.0 0.0 258.0 258.0 1065.2 37.9 1.8 36.1 130.4 263.0 431.3 606.2 864.2 -174.9 302.6 -568.3 1858.1 1240.1 41.8 1671.4 920.5 920.5 0.0 903.4 17.1 999.4 525.3 33.5 491.8 4.6 0.0 0.0 991.7 487.2 504.5 529.0 1033.5 24.2 71.1 27.8 107.1 29.4 49.1 51.2 361.8 108.6 6.4 3.6 11.1 0.9 7.6 60.9 0.0 0.0 53.4 22.0 21.8 6.8 55.1 -515.1 -19.6 36.2

414

Saleem Sugar Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

17.0 -303.6 -286.6 0.0 0.0 256.8 256.8 -29.8 0.0 0.0 0.0 18.1 0.0 18.1 67.7 324.5 -49.6 279.6 -67.7 112.7 19.8 0.5 37.9 0.0 0.0 0.0 0.0 0.0 1.0 -0.4 0.0 -0.4 0.0 0.0 0.0 22.5 -0.4 22.9 0.1 23.0 0.0 26.7 26.7 0.0 -1.1 -1.8 0.4 -1685.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.2 -0.2 2.5 0.0 -101.5 -168.6

2005
17.0 -308.8 -291.8 0.0 0.0 256.8 256.8 -35.0 0.2 0.2 0.0 18.1 0.0 18.3 72.7 329.5 -54.4 284.1 -72.5 112.7 19.3 0.4 37.6 0.0 0.0 0.0 0.0 0.0 5.6 -5.3 0.0 -5.3 0.0 0.0 0.0 -5.2 -5.3 0.1 -4.9 -4.8 0.0 25.2 25.2 0.0 -14.1 101.9 102.1 -1716.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -3.1 -3.1 2.0 0.0 1450.0 -171.6

2006
17.0 -307.7 -290.7 0.0 0.0 256.8 256.8 -33.9 0.2 0.2 0.0 18.2 0.0 18.4 71.1 327.9 -52.7 283.5 -70.9 112.7 18.9 0.4 37.3 0.0 0.0 0.0 0.0 0.0 1.1 1.2 0.0 1.2 0.0 0.0 0.0 1.1 1.2 -0.1 1.6 1.5 0.0 25.9 25.9 0.0 3.2 109.1 106.7 -1710.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 0.7 2.1 0.0 -122.6 -171.0

2007
17.0 -308.7 -291.7 0.0 0.0 256.8 256.8 -34.9 0.0 0.0 0.0 18.2 0.0 18.2 71.6 328.4 -53.4 282.6 -71.6 112.7 18.5 0.4 36.7 0.0 0.0 0.0 0.0 0.0 1.5 -1.1 0.0 -1.1 0.0 0.0 0.0 -1.0 -1.1 0.1 -0.7 -0.6 0.0 25.4 25.4 0.0 -3.0 110.0 116.7 -1715.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.6 -0.6 2.1 0.0 -185.7 -171.6

2008
17.0 -303.8 -286.8 0.0 0.0 256.8 256.8 -30.0 0.0 0.0 0.0 18.2 0.0 18.2 66.2 323.0 -48.0 277.7 -66.2 112.7 18.1 0.4 36.3 5.7 5.7 0.0 0.0 5.7 0.8 4.9 0.0 4.9 0.0 0.0 0.0 4.9 4.9 0.0 5.3 5.3 0.0 27.5 27.5 0.0 13.5 100.0 100.0 -1687.1 14.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 86.0 2.9 2.9 2.2 15.7 -583.3 -168.7

2009
17.0 -308.4 -291.4 0.0 0.0 256.8 256.8 -34.6 0.0 0.0 0.0 18.2 0.0 18.2 70.5 327.3 -52.3 278.0 -70.5 112.7 17.7 0.4 35.9 0.0 0.0 0.0 0.0 0.0 4.7 -4.7 0.0 -4.7 0.0 0.0 0.0 -4.6 -4.7 0.1 -4.3 -4.2 0.0 25.8 25.8 0.0 -13.1 102.2 102.4 -1714.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -2.8 -2.8 2.2 0.0 -196.6 -100.0 -171.4

415

Sanghar Sugar Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

119.5 6.3 125.8 0.0 0.0 133.2 133.2 259.0 9.7 9.7 0.0 87.0 24.8 121.5 408.1 541.3 -286.6 161.6 -398.4 617.0 545.5 31.3 667.0 787.6 739.9 47.7 704.8 82.8 751.3 41.5 22.7 18.8 3.6 0.0 0.0 -9.0 15.2 -24.2 46.5 22.3 51.4 29.8 23.7 430.3 2.8 208.5 105.3 95.4 54.7 2.9 14.0 19.1 0.0 14.9 0.0 2.4 1.6 1.3 5.5 118.1 -125.0 15.6 10.5

2005
119.5 -21.5 98.0 0.0 0.0 117.8 117.8 215.8 2.8 2.8 0.0 93.2 12.4 108.4 448.1 565.9 -339.7 155.1 -445.3 656.3 555.6 29.6 664.0 650.0 625.8 24.2 617.5 32.5 658.1 -4.0 15.9 -19.9 3.1 0.0 0.0 -43.2 -23.0 -20.2 6.6 -13.6 54.6 24.2 21.4 577.4 -3.0 82.0 101.2 2.4 10.3 0.0 -20.3 0.0 -3.1 -1.7 -1.9 5.4 97.9 -206.3 -17.5 8.2

2006
119.5 22.1 141.6 0.0 0.0 101.4 101.4 243.0 5.4 5.4 0.0 117.1 6.7 129.2 425.6 527.0 -296.4 137.8 -420.2 671.1 539.3 31.0 668.5 1204.9 1177.2 27.7 1026.2 178.7 1077.4 128.1 34.0 94.1 5.7 0.0 0.0 27.2 88.4 -61.2 119.4 58.2 41.7 30.4 28.8 372.2 14.1 325.0 205.2 118.5 89.4 26.5 2.8 24.7 6.1 2.8 66.5 0.0 0.0 7.8 7.9 7.4 5.6 180.2 -564.7 85.4 11.8

2007
119.5 -13.0 106.5 0.0 0.0 84.1 84.1 190.6 2.6 2.6 0.0 118.6 6.7 127.9 461.5 545.6 -333.6 123.7 -458.9 684.8 524.1 29.5 652.0 1236.7 1236.7 0.0 1165.2 71.5 1215.7 25.0 37.5 -12.5 5.8 0.0 0.0 -52.4 -18.3 -34.1 11.2 -22.9 44.1 27.7 26.3 512.3 -1.9 34.9 -48.9 89.1 98.3 150.0 3.0 30.3 -46.4 0.5 -11.7 0.0 0.0 -1.0 -1.0 -1.5 5.5 189.7 -112.7 2.6 8.9

2008
119.5 42.8 162.3 0.0 0.0 65.0 65.0 227.3 14.4 14.4 0.0 76.1 30.7 121.2 410.8 475.8 -289.6 116.8 -396.4 708.1 516.8 31.0 638.0 2170.1 2103.2 66.9 1936.4 233.7 2016.5 159.7 25.3 134.4 20.0 0.0 0.0 36.7 114.4 -77.7 145.4 67.7 28.6 29.5 22.0 293.2 21.1 311.7 214.8 135.8 92.9 15.8 1.2 21.7 14.9 0.5 82.8 0.0 0.0 6.2 11.2 9.6 5.9 340.1 -1220.0 75.5 13.6

2009
119.5 109.7 229.2 0.0 0.0 44.8 44.8 274.0 15.8 15.8 0.0 124.3 139.2 279.3 499.4 544.2 -220.1 90.0 -483.6 714.1 494.0 28.7 773.3 1679.5 1679.5 0.0 1454.0 225.5 1528.8 151.6 36.4 115.2 47.6 11.9 0.0 46.7 55.7 -9.0 84.4 75.4 16.4 55.9 28.1 237.4 14.9 119.3 111.9 191.8 91.0 24.0 2.2 40.4 41.3 2.2 50.3 568.1 5.2 6.9 9.6 5.7 5.6 217.2 -14.3 -22.6 19.2

416

Shahmurad Sugar Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

211.2 276.5 487.7 0.0 66.6 347.5 414.1 901.8 6.6 3.7 2.9 311.3 413.5 731.4 1328.3 1742.4 -596.9 1220.2 -1321.7 1918.8 1498.7 58.8 2230.1 944.9 917.2 27.7 814.5 130.4 862.0 88.1 88.6 -0.5 4.1 0.0 0.0 343.2 -4.6 347.8 54.2 402.0 45.9 55.1 23.9 357.3 0.0 -1.3 13.5 230.9 91.2 100.6 9.4 7.3 0.1 -0.1 0.0 -0.1 0.0 -0.2 8.2 42.4 -100.0 -17.0 23.1

2005
211.2 220.3 431.5 0.0 0.0 374.7 374.7 806.2 31.2 27.5 3.7 500.6 522.9 1054.7 1878.5 2253.2 -823.8 1578.4 -1847.3 2279.0 1630.2 71.8 2684.9 1170.8 784.9 385.9 1039.9 130.9 1110.5 62.0 113.3 -51.3 5.4 0.0 0.0 -95.6 -56.7 -38.9 15.1 -23.8 46.5 56.1 28.3 522.2 -1.9 59.3 -63.4 204.3 94.8 182.7 9.7 7.2 -10.5 9.1 -11.9 0.0 0.0 -4.4 -2.4 -2.7 4.8 43.6 0.0 23.9 20.4

2006
211.2 239.2 450.4 0.0 0.0 819.5 819.5 1269.9 288.9 44.8 244.1 452.7 343.2 1084.8 1458.9 2278.4 -374.1 1464.9 -1170.0 2378.8 1644.1 86.0 2728.9 2059.2 1383.9 675.3 1794.6 264.6 1877.7 190.0 176.4 13.6 9.8 0.0 0.0 463.7 3.8 459.9 89.8 549.7 64.5 74.4 50.8 505.9 0.5 0.8 16.3 213.3 91.2 92.8 8.6 12.0 72.1 1.4 3.0 0.0 0.0 0.7 0.6 0.2 5.3 75.5 -125.0 75.9 21.3

2007
211.2 232.1 443.3 0.0 0.0 800.4 800.4 1243.7 120.6 116.4 4.2 388.8 670.7 1180.1 1617.7 2418.1 -437.6 1552.0 -1497.1 2258.8 1681.2 83.8 2861.3 1687.2 1206.0 481.2 1399.1 288.1 1490.9 209.9 218.9 -9.0 9.3 0.0 0.0 -26.2 -18.3 -7.9 65.5 57.6 64.4 72.9 31.5 545.5 -0.3 69.8 113.7 209.9 88.4 104.3 13.0 14.1 -103.3 0.2 -2.0 0.0 0.0 -0.5 -0.4 -0.9 5.1 59.0 -166.7 -18.1 21.0

2008
211.2 391.3 602.5 0.0 0.0 834.1 834.1 1436.6 10.3 6.0 4.3 608.7 922.7 1541.7 1798.4 2632.5 -256.7 1671.6 -1788.1 2593.0 1693.4 85.0 3235.1 2454.9 718.3 1736.6 1869.6 585.3 2082.4 411.7 253.5 158.2 16.1 21.1 0.0 192.9 121.0 71.9 206.0 277.9 58.1 85.7 34.4 436.9 4.9 62.7 74.1 285.3 84.8 61.6 10.3 15.2 10.2 8.5 26.3 673.5 3.5 6.4 7.5 6.7 5.1 75.9 -1975.0 45.5 28.5

2009
211.2 681.1 892.3 0.0 0.0 702.6 702.6 1594.9 14.0 9.6 4.4 296.4 831.5 1141.9 1465.8 2168.4 -323.9 1608.6 -1451.8 2900.7 1918.7 86.7 3060.6 2887.4 1904.1 983.3 2283.8 603.6 2465.4 444.0 329.1 114.9 14.5 31.7 0.0 158.3 68.7 89.6 155.4 245.0 44.1 77.9 21.2 243.0 3.8 43.4 63.4 422.5 85.4 74.1 11.4 20.5 12.6 0.3 12.9 316.7 3.6 4.0 5.4 4.8 5.1 94.3 -28.0 17.6 42.2

417

Shahtaj Sugar Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

120.1 296.1 416.2 0.0 0.0 0.0 0.0 416.2 104.1 94.1 10.0 138.0 72.9 315.0 198.6 198.6 116.4 0.0 -94.5 929.4 299.9 37.0 614.9 1840.9 1840.9 0.0 1643.1 197.8 1718.2 129.4 6.5 122.9 43.0 42.0 0.0 14.1 37.9 -23.8 74.9 51.1 0.0 158.6 121.9 47.7 20.0 268.8 146.6 346.5 93.3 5.0 0.4 35.0 1.3 29.5 190.2 10.1 6.7 10.2 6.7 12.2 299.4 -33.3 14.7 34.7

2005
120.1 416.0 536.1 0.0 0.0 0.0 0.0 536.1 377.7 367.7 10.0 122.6 9.8 510.1 255.4 255.4 254.7 0.0 122.3 939.8 281.3 34.7 791.4 1669.3 1669.3 0.0 1262.4 406.9 1354.3 326.8 8.6 318.2 117.0 90.1 0.0 119.9 111.1 8.8 145.8 154.6 0.0 199.7 195.9 47.6 40.2 92.7 94.3 446.4 81.1 2.6 0.5 36.8 0.0 59.4 223.3 16.8 19.1 26.5 16.8 11.6 210.9 159.8 -9.3 44.6

2006
120.1 453.2 573.3 0.0 0.0 0.0 0.0 573.3 108.8 82.4 26.4 169.8 197.1 475.7 190.0 190.0 285.7 0.0 -81.2 968.5 287.5 33.9 763.2 1886.6 1886.6 0.0 1661.6 225.0 1747.1 157.5 17.6 139.9 52.0 54.1 0.0 37.2 33.8 3.4 67.7 71.1 0.0 250.4 146.6 33.1 18.3 90.9 95.2 477.4 92.6 11.2 0.9 0.0 37.2 2.8 24.4 162.5 9.4 7.4 11.6 7.3 12.1 247.2 -56.2 13.0 47.7

2007
120.1 502.7 622.8 0.0 0.0 0.0 0.0 622.8 321.8 298.8 23.0 156.5 16.1 494.4 151.3 151.3 343.1 0.0 170.5 987.3 279.7 33.1 774.1 2502.5 2502.5 0.0 2245.5 257.0 2346.8 169.7 19.2 150.5 54.5 54.1 0.0 49.5 41.9 7.6 75.0 82.6 0.0 326.8 316.1 24.3 19.4 84.6 90.8 518.6 93.8 11.3 0.8 0.0 36.2 0.4 24.2 177.4 8.7 6.0 12.5 8.0 11.5 323.3 7.8 32.6 51.9

2008
120.1 585.8 705.9 0.0 0.0 0.0 0.0 705.9 272.5 221.7 50.8 218.3 154.0 644.8 223.4 223.4 421.4 0.0 49.1 1017.5 284.4 32.1 929.2 1993.8 1993.8 0.0 1681.7 312.1 1796.6 207.9 21.0 186.9 68.6 60.1 0.0 83.1 58.2 24.9 90.3 115.2 0.0 288.6 219.7 31.6 20.1 70.0 78.4 587.8 90.1 10.1 1.1 0.0 36.7 4.6 26.5 196.8 8.5 9.4 15.6 9.9 11.5 214.6 24.8 -20.3 58.8

2009
120.1 805.5 925.6 0.0 0.0 0.0 0.0 925.6 732.4 41.6 690.8 141.4 10.1 883.9 309.8 309.8 574.1 0.0 422.6 1099.2 351.5 32.1 1235.4 2828.7 2828.7 0.0 2245.5 583.2 2390.1 466.1 23.7 442.4 141.3 120.1 0.0 219.7 181.0 38.7 213.1 251.8 0.0 285.3 282.1 33.5 35.8 82.4 84.6 770.7 84.5 5.1 0.8 0.0 31.9 0.0 47.8 250.7 13.0 15.6 36.8 25.1 11.3 229.0 135.9 41.9 77.1

418

Shakarganj Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

388.4 1620.0 2008.4 0.0 0.0 1670.5 1670.5 3678.9 2369.7 28.3 2341.4 449.9 464.6 3284.2 2508.3 4178.8 775.9 3507.8 -138.6 4138.8 2903.1 135.3 6187.3 3983.8 3469.8 514.0 3603.3 380.5 3821.5 349.5 135.0 214.5 20.0 43.6 0.0 2506.8 150.9 2355.9 286.2 2642.1 45.4 130.9 112.4 208.1 3.5 6.0 10.8 517.1 95.9 38.6 3.4 3.8 9.3 2.9 10.7 446.1 2.2 5.4 5.5 5.0 9.1 64.4 3.8 65.0 51.7

2005
388.4 2609.5 2997.9 152.1 0.0 2077.2 2229.3 5227.2 3642.3 101.1 3541.2 920.9 941.5 5504.7 4903.8 7133.1 600.9 6548.9 -1261.5 6021.7 4626.2 169.1 10130.9 5631.4 5215.6 415.8 5150.0 481.4 5374.4 459.1 279.4 179.7 28.0 0.0 58.3 1548.3 151.7 1396.6 320.8 1717.4 42.6 112.3 93.1 237.9 1.8 9.8 18.7 771.9 95.4 60.9 5.0 4.3 15.6 5.9 6.0 0.0 3.2 4.6 3.9 5.8 55.6 -16.4 41.4 77.2

2006
579.4 2780.4 3359.8 0.0 0.0 1245.2 1245.2 4605.0 3480.7 190.3 3290.4 1334.4 1823.8 6638.9 7114.0 8359.2 -475.1 7405.1 -3633.3 6764.1 5079.9 313.2 11718.8 6014.0 5299.2 714.8 5747.4 266.6 6178.6 415.2 701.7 -286.5 34.7 0.0 0.0 -622.2 -321.2 -301.0 -8.0 -309.0 27.0 93.3 67.7 248.8 -2.4 51.6 2.6 579.9 102.7 169.0 11.7 9.5 -12.1 3.6 -8.5 0.0 0.0 -4.8 -4.9 -5.5 6.8 51.3 -206.5 6.8 58.0

2007
579.4 3844.6 4424.0 0.0 0.0 1930.5 1930.5 6354.5 2300.1 493.2 1806.9 1556.9 1069.9 4926.9 4554.6 6485.1 372.3 5834.4 -2254.5 7967.5 5982.2 362.8 10909.1 7006.4 6198.0 808.4 6789.5 216.9 7511.4 1831.5 922.5 909.0 42.3 57.9 0.0 1749.5 808.8 940.7 1171.6 2112.3 30.4 108.2 84.7 146.6 8.3 46.2 55.5 763.5 107.2 50.4 13.2 15.8 4.7 1.0 20.5 1496.9 1.3 13.0 15.7 15.0 8.7 64.2 -420.4 16.5 76.4

2008
695.2 2966.8 3662.0 0.0 0.0 2347.9 2347.9 6009.9 1671.7 346.4 1325.3 3689.2 120.3 5481.2 6394.9 8742.8 -913.7 7485.1 -4723.2 9363.5 6923.6 383.1 12404.8 8807.7 6753.8 2053.9 8103.6 704.1 9110.9 33.9 1008.6 -974.7 21.4 0.0 0.0 -344.6 -996.1 651.5 -613.0 38.5 39.1 85.7 83.8 238.7 -7.9 289.1 -1592.2 526.8 103.4 2975.2 11.5 13.5 -2.2 4.6 -26.6 0.0 0.0 -11.1 -14.0 -14.3 5.5 71.0 -189.2 25.7 52.7

2009
695.2 1487.0 2182.2 0.0 975.8 779.6 1755.4 3937.6 759.5 28.8 730.7 2493.2 1022.6 4275.3 7076.1 8831.5 -2800.8 7101.6 -6316.6 9497.3 6738.4 405.6 11013.7 5473.2 4258.2 1215.0 4983.6 489.6 5821.8 -224.6 1274.6 -1499.2 20.6 0.0 0.0 -2072.3 -1519.8 -552.5 -1114.2 -1666.7 44.6 60.4 46.0 404.7 -13.6 73.3 66.9 313.9 106.4 -567.5 23.3 17.9 -1.4 0.3 -68.7 0.0 0.0 -27.4 -21.6 -21.9 4.7 49.7 54.3 -37.9 31.4

419

Sindh Abadgar's Sugar Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

104.3 16.1 120.4 0.0 0.0 78.4 78.4 198.8 28.0 28.0 0.0 242.1 51.7 321.8 425.3 503.7 -103.5 271.0 -397.3 557.0 302.3 26.1 624.1 788.7 788.7 0.0 768.4 20.3 815.4 37.5 20.7 16.8 4.0 0.0 0.0 63.5 12.8 50.7 38.9 89.6 39.4 75.7 63.5 418.4 2.7 20.2 43.4 115.4 103.4 55.2 2.6 7.6 23.8 1.0 14.0 0.0 2.1 1.6 1.2 11.0 126.4 -137.2 31.4 11.5

2005
104.3 -59.2 45.1 0.0 0.0 183.5 183.5 228.6 8.5 8.5 0.0 221.7 2.3 232.5 306.5 490.0 -74.0 245.1 -298.0 790.9 302.7 26.5 535.2 595.4 595.4 0.0 613.6 -18.2 654.7 -50.4 16.2 -66.6 2.8 0.0 0.0 29.8 -69.4 99.2 -42.9 56.3 80.3 75.9 75.1 1086.5 -12.4 -232.9 -76.2 43.2 110.0 2.7 6.6 3.6 -147.7 0.0 -11.2 -6.4 -6.7 8.8 111.2 -500.0 -24.5 4.3

2006
104.3 -18.8 85.5 0.0 0.0 136.5 136.5 222.0 5.0 5.0 0.0 214.5 2.3 221.8 277.3 413.8 -55.5 174.6 -272.3 792.1 277.4 27.3 499.2 1049.5 1049.5 0.0 939.6 109.9 976.4 76.0 30.9 45.1 4.7 10.4 0.0 -6.6 30.0 -36.6 57.3 20.7 61.5 80.0 79.2 484.0 9.0 -454.5 276.8 82.0 93.0 40.7 2.9 17.7 10.4 2.3 52.7 388.5 12.2 4.3 4.3 3.9 9.0 210.2 -167.2 76.3 8.2

2007
104.3 -55.4 48.9 0.0 0.0 50.0 50.0 98.9 18.5 18.5 0.0 194.2 139.6 352.3 513.5 563.5 -161.2 127.7 -495.0 798.7 260.1 27.8 612.4 867.9 867.9 0.0 824.4 43.5 858.9 21.5 33.7 -12.2 3.7 0.0 0.0 -123.1 -15.9 -107.2 11.9 -95.3 50.6 68.6 41.4 1152.4 -2.0 12.9 -12.5 46.9 99.0 156.7 3.9 26.4 -30.3 0.0 -24.9 0.0 0.0 -1.4 -1.2 -1.5 10.0 141.7 -127.9 -17.3 4.7

2008
104.3 26.0 130.3 0.0 0.0 145.0 145.0 275.3 15.0 15.0 0.0 229.0 177.1 421.1 511.4 656.4 -90.3 200.0 -496.4 932.9 365.6 28.7 786.7 1020.3 776.3 244.0 912.0 108.3 983.2 39.9 31.6 8.3 2.4 0.0 0.0 176.4 5.9 170.5 34.6 205.1 52.7 82.3 47.7 503.8 1.1 3.3 16.9 124.9 96.4 79.2 3.1 15.8 28.9 0.0 6.4 0.0 0.0 0.8 0.8 0.6 11.0 129.7 -166.7 17.6 12.5

2009
104.3 197.4 301.7 0.0 0.0 90.0 90.0 391.7 74.1 74.1 0.0 76.0 6.4 156.5 528.1 618.1 -371.6 145.0 -454.0 933.5 763.2 43.8 919.7 1108.8 1108.8 0.0 995.2 113.6 1189.9 -52.1 34.6 -86.7 17.1 0.0 0.0 116.4 -103.8 220.2 -60.0 160.2 23.0 29.6 28.4 204.9 -9.4 -89.2 -37.5 289.3 107.3 -66.4 3.1 23.9 -19.7 0.1 -28.7 0.0 0.0 -7.8 -8.3 -10.0 12.0 120.6 -1137.5 8.7 28.9

420

Tandlianwala Sugar Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

316.8 222.2 539.0 0.0 0.0 239.0 239.0 778.0 108.3 108.3 0.0 337.7 302.1 748.1 754.2 993.2 -6.1 692.8 -645.9 1197.6 784.0 30.0 1532.1 1214.1 1214.1 0.0 1118.5 95.6 1169.9 47.2 1.9 45.3 5.3 0.0 0.0 310.5 40.0 270.5 70.0 340.5 30.7 99.2 59.1 184.3 3.0 12.9 20.6 170.1 96.4 4.0 0.2 0.3 11.7 0.5 8.4 0.0 3.7 1.4 1.3 4.5 79.2 -255.6 26.0 17.0

2005
700.1 406.9 1107.0 0.0 0.0 1174.7 1174.7 2281.7 230.4 230.4 0.0 375.4 489.4 1095.2 1195.8 2370.5 -100.6 1883.7 -965.4 2825.2 2382.3 29.3 3477.5 2462.2 2462.2 0.0 2223.9 238.3 2291.6 171.5 58.6 112.9 10.8 0.0 0.0 1503.7 102.1 1401.6 131.4 1533.0 51.5 91.6 50.7 214.1 3.2 6.8 8.6 158.1 93.1 34.2 2.4 3.1 9.6 0.3 10.2 0.0 4.6 1.6 1.5 3.7 70.8 14.3 102.8 15.8

2006
700.1 427.1 1127.2 0.0 0.0 1532.0 1532.0 2659.2 345.9 345.9 0.0 804.9 1192.4 2343.2 2735.6 4267.6 -392.4 3323.6 -2389.7 3560.9 3051.6 67.1 5394.8 3460.5 3460.5 0.0 3068.3 392.2 3176.4 288.1 215.8 72.3 15.3 0.0 0.0 377.5 57.0 320.5 124.1 444.6 57.6 85.7 42.1 378.6 1.3 15.1 27.9 161.0 91.8 74.9 6.2 6.5 21.2 0.7 6.4 0.0 0.0 2.1 1.0 0.8 2.8 64.1 -37.5 40.5 16.1

2007
1177.1 574.2 1751.3 0.0 0.0 1840.0 1840.0 3591.3 60.7 60.7 0.0 1412.4 1921.1 3394.2 3670.7 5510.7 -276.5 3818.4 -3610.0 4440.5 3867.7 509.3 7261.9 2415.2 2415.2 0.0 1919.3 495.9 2031.2 387.8 363.6 24.2 10.6 0.0 0.0 932.1 13.6 918.5 522.9 1441.4 51.2 92.5 40.1 314.7 0.3 1.5 36.3 148.8 84.1 93.8 15.1 9.5 43.8 0.7 1.4 0.0 0.0 1.0 0.2 0.1 16.7 33.3 -80.0 -30.2 14.9

2008
1177.1 354.7 1531.8 0.0 0.0 1553.8 1553.8 3085.6 11.2 11.2 0.0 711.4 2764.2 3486.8 5725.4 7279.2 -2238.6 3939.8 -5714.2 6017.8 5324.2 125.4 8811.0 2694.6 2694.6 0.0 2176.4 518.2 2329.2 371.2 510.7 -139.5 0.0 5.9 0.0 -505.7 -145.4 -360.3 -20.0 -380.3 50.4 60.9 12.6 475.2 -1.6 28.8 5.3 130.1 86.4 137.6 19.0 13.0 0.0 0.8 -9.1 -2364.4 0.4 -5.2 -1.2 -1.2 3.1 30.6 -700.0 11.6 13.0

2009
1177.1 388.5 1565.6 0.0 0.0 758.5 758.5 2324.1 25.2 25.2 0.0 750.8 2060.2 2836.2 5983.2 6741.7 -3147.0 2959.1 -5958.0 6297.4 5471.1 129.8 8307.3 5805.8 5805.8 0.0 4749.0 1056.8 4993.2 815.3 690.6 124.7 29.7 0.0 0.0 -761.5 95.0 -856.5 224.8 -631.7 32.6 47.4 13.0 430.6 1.5 -12.5 -35.6 133.0 86.0 84.7 11.9 23.3 23.8 0.0 8.0 0.0 0.0 2.1 1.1 0.8 2.4 69.9 -191.7 115.5 13.3

421

The Frontier Sugar Mills & Distillery Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

14.0 204.9 218.9 0.0 0.0 0.0 0.0 218.9 152.5 135.0 17.5 47.6 1.2 201.3 22.5 22.5 178.8 0.0 130.0 118.5 40.2 4.6 241.5 430.1 410.7 19.4 418.2 11.9 428.7 6.4 0.8 5.6 2.1 0.0 0.0 4.3 3.5 0.8 8.1 8.9 0.0 894.7 889.3 10.3 2.3 81.4 91.0 1563.6 99.7 12.5 0.2 37.5 0.1 2.6 0.0 1.3 4.0 2.5 10.0 178.1 110.5 127.8 156.4

2005
14.0 232.6 246.6 0.0 0.0 0.0 0.0 246.6 169.0 152.0 17.0 58.1 0.4 227.5 17.3 17.3 210.2 0.0 151.7 118.8 36.3 4.1 263.8 201.9 187.1 14.8 178.4 23.5 189.6 24.3 0.1 24.2 1.1 0.0 0.0 27.7 23.1 4.6 27.2 31.8 0.0 1315.0 1312.7 7.0 9.2 83.4 85.5 1761.4 93.9 0.4 0.0 4.5 0.0 9.8 0.0 12.0 17.3 16.5 10.2 76.5 332.5 -53.1 176.1

2006
14.0 206.8 220.8 0.0 0.0 0.0 0.0 220.8 157.3 140.4 16.9 53.0 4.9 215.2 26.7 26.7 188.5 0.0 130.6 116.6 32.4 3.6 247.6 19.7 19.7 0.0 44.3 -24.6 52.6 -11.2 0.3 -11.5 0.1 0.0 0.0 -25.8 -11.6 -14.2 -8.0 -22.2 0.0 806.0 787.6 12.1 -4.6 45.0 36.0 1577.1 267.0 -2.7 1.5 0.0 -0.9 0.0 -5.2 0.0 0.0 -58.4 -8.2 -8.3 9.9 8.0 -147.4 -90.2 157.7

2007
14.0 174.3 188.3 0.0 0.0 0.0 0.0 188.3 130.2 109.9 20.3 52.5 2.1 184.8 25.7 25.7 159.1 0.0 104.5 116.6 29.2 3.2 214.0 23.2 23.2 0.0 58.5 -35.3 67.5 -34.4 1.4 -35.8 0.1 0.0 0.0 -32.5 -35.9 3.4 -32.7 -29.3 0.0 719.1 710.9 13.6 -16.7 110.5 111.6 1345.0 290.9 -4.1 6.0 0.0 -0.3 0.0 -19.0 0.0 0.0 -154.3 -25.6 -25.6 9.9 10.8 212.2 17.8 134.5

2008
14.0 162.8 176.8 0.0 0.0 0.0 0.0 176.8 70.4 52.9 17.5 94.6 2.1 167.1 16.6 16.6 150.5 0.0 53.8 116.6 26.3 2.9 193.4 0.6 0.6 0.0 15.0 -14.4 23.2 -8.8 0.0 -8.8 0.0 0.0 0.0 -11.5 -8.8 -2.7 -5.9 -8.6 0.0 1006.6 994.0 9.4 -4.6 76.5 68.6 1262.9 3866.7 0.0 0.0 0.0 0.0 0.0 -5.0 0.0 0.0 -1466.7 -6.3 -6.3 9.9 0.3 -75.4 -97.4 126.3

2009
13.5 243.3 256.8 0.5 0.0 0.0 0.5 257.3 83.5 68.2 15.3 66.7 2.1 152.3 6.3 6.8 146.0 0.0 77.2 196.7 111.3 2.7 263.6 1.3 1.3 0.0 10.4 -9.1 19.5 -5.0 0.0 -5.0 0.0 0.0 0.0 80.5 -5.0 85.5 -2.3 83.2 0.2 2417.5 2384.1 2.6 -1.9 -6.2 -2.8 1902.2 1500.0 0.0 0.0 0.0 0.0 0.0 -1.9 0.0 0.0 -384.6 -3.7 -3.7 10.3 0.5 -41.3 116.7 190.2

422

The Premier Sugar Mills & Distillery Co. Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

37.5 834.3 871.8 0.0 0.0 0.8 0.8 872.6 377.9 104.1 273.8 177.0 183.3 738.2 134.7 135.5 603.5 1.2 243.2 562.8 269.2 26.4 1007.4 917.4 735.0 182.4 909.8 7.6 944.5 -12.8 3.3 -16.1 5.5 0.0 0.0 -94.5 -21.6 -72.9 4.8 -68.1 0.1 548.0 412.0 15.5 -1.6 2324.8 103.0 0.4 275.0 4.8 -1.8 0.0 -1.8 -4.3 -5.8 9.3 91.1 -45.6 46.8 232.5

2005
37.5 962.1 999.6 0.0 0.0 0.3 0.3 999.9 666.8 395.9 270.9 164.5 28.8 860.1 144.6 144.9 715.5 0.8 522.2 605.6 284.4 27.6 1144.5 864.6 566.3 298.3 717.3 147.3 756.5 139.4 1.5 137.9 6.3 0.0 0.0 127.3 131.6 -4.3 159.2 154.9 0.0 594.8 574.9 14.5 12.0 103.4 102.8 2665.6 87.5 1.1 0.2 187.5 4.6 2.7 13.8 0.0 15.9 36.8 35.1 10.3 75.5 -955.8 -5.8 266.6

2006
37.5 989.0 1026.5 0.0 0.0 0.0 0.0 1026.5 691.9 466.9 225.0 156.7 75.2 923.8 205.0 205.0 718.8 69.9 486.9 654.0 307.6 25.1 1231.4 240.7 211.4 29.3 262.7 -22.0 296.4 52.0 3.8 48.2 1.8 0.0 0.0 26.6 46.4 -19.8 71.5 51.7 0.0 450.6 414.0 20.0 3.9 174.4 138.3 2737.3 123.1 7.3 1.6 5.4 3.7 10.8 4.7 0.0 0.0 20.0 12.9 12.4 7.6 19.5 -64.9 -72.2 273.7

2007
37.5 920.5 958.0 0.0 0.0 0.0 0.0 958.0 545.8 320.8 225.0 123.5 117.8 787.1 111.2 111.2 675.9 0.0 434.6 651.1 282.0 22.7 1069.1 276.7 276.7 0.0 394.3 -117.6 432.9 -95.3 9.6 -104.9 1.3 0.0 0.0 -68.5 -106.2 37.7 -83.5 -45.8 0.0 707.8 601.9 11.6 -9.8 155.0 182.3 2554.7 156.5 -10.1 3.5 0.0 -1.2 4.3 -10.9 0.0 0.0 -37.9 -28.0 -28.3 7.4 25.9 -317.1 15.0 255.5

2008
37.5 954.1 991.6 0.0 0.0 0.0 0.0 991.6 210.2 106.0 104.2 463.0 319.7 992.9 257.5 257.5 735.4 157.8 -47.3 683.1 256.3 23.5 1249.2 434.8 434.8 0.0 466.5 -31.7 521.6 5.2 10.7 -5.5 0.3 0.0 0.0 33.6 -5.8 39.4 17.7 57.1 0.0 385.6 261.4 26.0 -0.4 -17.3 31.0 2644.3 120.0 205.8 2.5 6.8 -5.5 3.7 -0.6 0.0 0.0 -1.3 -1.5 -1.5 8.3 34.8 -94.6 57.1 264.4

2009
37.5 1352.0 1389.5 0.0 0.0 0.0 0.0 1389.5 261.0 112.3 148.7 511.5 209.5 982.0 281.4 281.4 700.6 0.0 -20.4 961.9 688.9 70.3 1670.9 530.4 530.4 0.0 470.5 59.9 529.0 64.7 18.0 46.7 16.2 11.3 0.0 397.9 19.2 378.7 89.5 468.2 0.0 349.0 274.5 20.3 2.8 4.8 19.1 3705.3 99.7 27.8 3.4 0.0 34.7 0.3 3.4 269.9 0.8 8.8 12.5 8.1 34.4 31.7 -933.3 22.0 370.5

423

The Thal Industries Corporation Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

150.2 -132.4 17.8 0.0 0.0 64.2 64.2 82.0 3.0 3.0 0.0 138.9 119.3 261.2 836.1 900.3 -574.9 204.2 -833.1 945.2 656.9 72.2 918.1 881.3 881.3 0.0 949.9 -68.6 974.3 -90.5 23.9 -114.4 3.8 0.0 0.0 0.0 -118.2 118.2 -46.0 72.2 78.3 31.2 17.0 5057.9 -12.5 -63.7 11.9 110.6 2.7 11.7 0.0 -642.7 0.0 -13.0 -7.6 -7.9 12.7 96.0 0.0 0.0 1.2

2005
150.2 121.1 271.3 0.0 0.0 39.1 39.1 310.4 21.5 21.5 0.0 279.5 52.7 353.7 744.5 783.6 -390.8 101.3 -723.0 1140.0 701.4 78.3 1055.1 1592.6 1592.6 0.0 1307.0 285.6 1355.2 240.5 25.6 214.9 6.9 22.5 0.0 228.4 185.5 42.9 263.8 306.7 12.6 47.5 40.4 288.8 20.4 81.2 86.0 180.6 85.1 10.6 1.6 25.3 3.2 0.7 79.2 924.4 8.3 13.5 14.3 13.8 12.1 150.9 -288.2 80.7 18.1

2006
150.2 105.3 255.5 0.0 0.0 10.9 10.9 266.4 16.4 16.4 0.0 269.6 230.7 516.7 911.2 922.1 -394.5 139.0 -894.8 1167.9 660.8 72.1 1177.5 1900.9 1900.9 0.0 1787.1 113.8 1835.8 78.6 55.3 23.3 8.4 15.0 0.0 -44.0 -0.1 -43.9 72.0 28.1 4.1 56.7 31.4 360.9 2.0 0.2 256.2 170.1 96.6 70.4 2.9 39.8 36.1 0.8 9.1 99.3 5.9 1.2 1.6 1.0 10.3 161.4 -88.8 19.4 17.0

2007
150.2 104.2 254.4 0.0 0.0 0.0 0.0 254.4 53.3 53.3 0.0 302.6 200.6 556.5 966.5 966.5 -410.0 33.6 -913.2 1241.0 664.5 70.6 1221.0 1971.0 1971.0 0.0 1850.4 120.6 1905.3 71.1 43.1 28.0 8.6 0.0 0.0 -12.0 19.4 -31.4 90.0 58.6 0.0 57.6 36.8 379.9 2.3 -161.7 153.6 169.4 96.7 60.6 2.2 128.3 30.7 1.0 11.0 0.0 0.0 1.4 1.9 1.3 10.7 161.4 18.8 3.7 16.9

2008
150.2 197.5 347.7 0.0 0.0 17.5 17.5 365.2 117.8 117.8 0.0 632.3 278.6 1028.7 1750.3 1767.8 -721.6 352.3 -1632.5 1730.1 1086.9 67.7 2115.6 2434.2 2023.4 410.8 2144.6 289.6 2242.5 206.6 55.2 151.4 4.1 22.5 0.0 110.8 124.8 -14.0 192.5 178.5 4.8 58.8 42.9 508.4 7.2 112.6 107.8 231.5 92.1 26.7 2.3 15.7 2.7 3.1 43.5 654.7 6.5 6.2 10.1 9.8 10.2 115.1 431.6 23.5 23.1

2009
150.2 370.8 521.0 0.0 0.0 382.5 382.5 903.5 24.8 24.8 0.0 531.9 696.2 1252.9 2070.1 2452.6 -817.2 927.9 -2045.3 2503.5 1720.7 140.0 2973.6 3805.0 3805.0 0.0 3145.0 660.0 3313.8 503.4 196.2 307.2 61.2 30.0 0.0 538.3 216.0 322.3 356.0 678.3 42.3 60.5 26.9 470.7 10.3 40.1 52.5 346.9 87.1 39.0 5.2 21.1 19.9 2.7 59.0 820.0 5.8 8.1 20.5 16.4 12.9 128.0 103.0 56.3 34.7

424

Abdullah Shah Ghazi Sugar Mills Ltd.(Al-Asif Sugar Mills Ltd.)

65-Infantry Road, Military Accounts Colony, Lahore

Management
Mr. Muhammad Irshad Butt(Chairman/C.E) Mr. Farrukh Iqbal(Director) Mrs. Qamur-ul-Nisa(Director) Mr. Riaz Qadeer Butt(Director) Mr. Fiaz Qadeer Butt(Director) Mr. Azhar Qadeer Butt(Director) Mr. Awais Butt(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) MCB Bank Ltd. Meezan Bank Ltd.

Banker

Auditor
M/s. Faruq Ali & Co.

Habib Metropolitan Bank Ltd. United Bank Ltd. Allied Bank Ltd. Arif Habib Bank Ltd. Bank Al Falah Ltd. 30th January , 2010 30th September, 2009 Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 4.51 7.97 3.00 4.84

Production Desc
Sugarcane crushing

Units
M. Tons

Capacity
306,000

Actual Production
191,744

Adam Sugar Mills Ltd.

Haji Adam Chambers, Altaf Hussain Road, New Challi, Karachi-2

Management
Mr. Ghulam Ahmad Adam(Chairman / C.E.O.) Syed Rafique Mohammad Shah(Director) Mr. Abdul Karim(Director) Mr. Jawaid Ahmed(Director) Lt. Col. (Retd.) Muhammad Mujtaba(Director) Mr. Junaid G. Adam(Director) Mr. Omar G. Adam(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 10 10th February , 2010 30th September, 2009 Habib Bank Ltd. MCB Bank Ltd. NIB Bank Ltd.

Banker

Auditor
M/s. Haroon Zakaria & Co.

Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 14.88 18.50 11.00 14.00 20

Production Desc
Cane crushing Sugar

Units
M.Tons M.Tons

Capacity
640,000 23,167

Actual Production
256,030 24,835

425

Al-Abbas Sugar Mills Ltd.

2nd Floor, Pardesi House, Survey No.2/1, R.Y. 16, Old Queens Road Karachi-74000.

Management
Mr. Muhammad Iqbal Usman(Chairman) Mr. Shunaid Qureshi(Chief Executive) Mr. Munawar Alam Siddiqui(Director) Mr. Suleman Lalani(Director) Mr. Duraid Qurashi(Director) Mr. Asim Ghani(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 40 Bank Alfalah Ltd. Habib Bank Ltd.

Banker
Albaraka Islamic Bank

Auditor
M/s. Hyder Bhimji & Co.

Mr. Muhammad Salman Husain Chawala(Directo MCB Bank Ltd. Standard Chartered Bank ( Pakistan) Ltd. Allied Bank Ltd. United Bank Ltd. 27th January , 2010 30th September, 2009 Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 78.99 96.00 61.47 78.76 15

Production Desc
Sugar Distillery

Units
M. Tons M. Tons

Capacity
73,862 31,150

Actual Production
52,850 30,123

Al-Noor Sugar Mills Ltd.

Plot No. 96-A, Sindhi Muslim Housing Society, Karachi

Management
Mr. Ismail H. Zakaria(Chairman/M.D.) Mr. Suleman Ayoob(Director) Mr. Yusuf Ayoob(Director) Mr. A. Aziz Ayoob(Director) Mr. Muhammad Asif (NIT)(Director) Mr. Shamim Ahmed (NIT)(Director) Mr. Zia I. Zakaria(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 40 29th January , 2010 30th September, 2009 Habib Bank Ltd. MCB Bank Ltd.

Banker

Auditor
M/s. M.Yousaf Adil Saleem & Co.

Pak Kuwait Investment Company (Pvt.) Ltd. Pakistan Industrial Credit & Investment Corp. Ltd. Saudi Pak Industrial & Agriculture Investment Co

Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 21.25 24.84 14.19 16.04 25

Production Desc
Sugar Board

Units
M. Tons Cubic Meters

Capacity
71,400 40,260

Actual Production
66,495 40,325

426

Ansari Sugar Mills Ltd.

41-K, Block-6, P.E.C.H.S., Karachi

Management
Mr. Ahmed Khan Ansari(Director) Mr. Abdul Hafeez Ansari(Director) Mrs. Nasreen Ghani Ansari(Director) Mr. Imran Rasheed Ansari(Director) Syed Anwar Raza Naqvi(Director) Mr. S. M. Ahsan Raza (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 29th December , 2009 30th September, 2009 Habib Bank Ltd. MCB Bank Ltd.

Banker

Auditor
M/s Khalid Majid Rahman Sarfaraz Rahim Iqbal R

Dr. Dinshaw Hoshang Ankelsaria(Chairman / C.E Allied Bank Of Pakistan Ltd.

National Bank Of Pakistan

Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 4.51 6.89 3.00 4.95

Production Desc
Sugar

Units
M.Tons

Capacity
86,400

Actual Production
55,963

Baba Farid Sugar Mills Ltd.

1st Floor, Panorama Centre, Raja Ghazanfar Ali Khan Road, Saddar, Karachi

Management
Mr. Kaiser Mahmood Fecto(Chairman / C.E.O.) Mr. Munawar Ali Fecto(Director) Mr. Imran Azim(Director) Mr. Fazalur Rehman(Director) Mrs. Abida Bano(Director) Mr. Moin A. Haroon(Director) Mr. James R. Richards(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 29th January , 2010 30th September, 2009 Bank Of Punjab NIB Bank Ltd. MCB Bank Ltd. My Bank Ltd.

Banker

Auditor
M/s. Hyder Bhimji & Co.

Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 4.16 10.00 2.00 6.00

Production Desc
Sugar

Units
M.Tons

Capacity
27,200

Actual Production
17,306

427

Bawany Sugar Mills Ltd.

7th Floor, Block ' A', Finance & Trade Centre, Off. Shahra - e - Faisal, Karachi.

Management
Mr. Pervez Ahmed Khan(Chairman / C.E.O.) Dewan Muhammad Masood Farooqui(Director) Mr. Muhammad Aslam Khan(Director) Mr. Muhammad Ilyas A. Sattar(Director) Mr. Muhammad Baqir Jafferi(Director) Mr. Khalid Hayat Khan(Director) Mr. Qamar-uz-Zaman(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th January , 2010 30th September, 2009 Habib Bank Ltd.

Banker
Habib Metropolitan Bank Ltd. National Bank Of Pakistan Habib Bank Ltd.

Auditor
M/s. Faruq Ali & Co.

Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 2.29 4.20 1.50 2.75

Production Desc
Sugarcanr crushed

Units
M.Tons

Capacity
630,000

Actual Production
134,539

Chashma Sugar Mills Ltd.

Banglow No. 16, PSM Colony, Nowshera Road, Mardan

Management
Mr. Khan Aziz Sarfaraz Khan(Chairman / C.E.O. Bank Alfalah Ltd. Mr. Abbas Sarfaraz Khan(Director) Begum Laila Sarfaraz(Director) Mr. Babar Ali Khan(Director) Ms. Zarmine Sarfaraz(Director) Mr. Iskandar M. Khan(Director) Ms. Najda Sarfaraz(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Bank Al-Habib Ltd. Habib Bank Ltd. MCB Bank Ltd.

Banker

Auditor
M/s. Hameed Chaudhri & Co.

National Bank Of Pakistan Silk Bank Ltd. The Bank Of Khyber 30th January , 2010 30th September, 2009 Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 5.75 6.70 3.00 4.66

Production Desc
Sugarcane crushed Sugar

Units
M.Tons M.Tons

Capacity
2,700,000 100,000

Actual Production
1,050,807 85,234

428

Colony Sugar Mills Ltd.

Ismail Aiwan-e-Science Building, 205-Ferozepur Road, Lahore.

Management
Mr. Naveed M. Sheikh(Chairman) Mr. Faqir Hussain Khan(Chief Executive) Mian Muhammad Ali(Director) Mr. Muhammad Asghar(Director) Mr. Ahmed Haji Mussa(Director) Mr. Asad Ali(Director) Ms. Samina Gul(DirectorM/s.) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th January , 2010 30th September, 2009

Banker
National Bank of Pakistan Emirates Globale Islamic Bank Faysal Bank Ltd. KASB Bank Ltd. The Bank Of Punjab

Auditor
M/s. Naveed Zafar Husain Jaffery & Co.

Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 11.80 48.00 11.80 15.26

Production Desc
Sugar Ethanol

Units
M.Tons Liters

Capacity
688,030 41,625,000

Actual Production
64,736 13,522,468

Crescent Sugar Mills And Distillery Ltd.

New Lahore Road, Nishatabad, Faisalabad.

Management
Mr. Mazhar Karim(Chairman) Mr. Muhammad Arshad(Chief Executive) Mr.Abid Mahmood(Director) Mr. Khalid Bashir(Director) Mr. Muhammad Anwar(Director) Mr. Salman Rafi(Director) Mr. Jamal Nasim (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th January , 2010 30th September, 2009

Banker
Habib Metropolitan Bank Limted National Bank Of Pakistan MCB Bank Ltd. United Bank Ltd.

Auditor
M/S Riaz Ahmad & Co.

Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 5.75 9.55 4.55 7.05

Production Desc
Sugar Distillery Spinning

Units
M. Tons Liters Kgs.

Capacity
24,800 2,727,000 20,385,786

Actual Production
14,403 271,557 13,438,156

429

Dewan Sugar Mills Ltd.

7th Floor, Block- 'A', Finance & Trade Centre, Shahra-e- Faisal, Karachi.

Management
Dewan Abdur Rehman Farooqui(Managing Direc My Bank Ltd. Dewan Asim Mushfiq Farooqui(Director) Dewan Abdullah Ahmed(Director) Dewan Abdul Baqi Farooqui(Director) Mr. Harron Iqbal(Director) Mr. Azizul Haque(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Habib Bank Ltd. Meezan Bank Ltd. MCB Bank Ltd. NIB Bank Ltd. The Bank Of Punjab 30th January , 2010 30th September, 2009

Banker

Auditor
M/s Feroze Sharif Tariq & Co.

Dewan Muhammad Yosuf Faqooqui(Chairman / National Bank Of Pakistan

Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 3.00 3.50 1.35 1.60

Production Desc
Sugarcan Crushed Sugar

Units
M. Tons M. Tons

Capacity
1280835 100,000

Actual Production
124,543 85,137

Faran Sugar Mills Ltd.

Bank House No.1, 3rd Floor Habib Square, M.A.Jinnah Road, Karachi.

Management
Mr. Mohammad Amin Ahmed Bawany(Chairman United Bank Limited

Banker

Auditor
M/s. Rahman Sarfaraz Rahim Iqbal Rafiq

Mr. Muhammad Omer Amin Bawany(Vice ChairmHabib Metropolitan Bank Limted Mr. Ahmed Ali Mohammed Amin(Chief Executive MCB Bank Ltd. Mr. Iqbal A. Rehman(Director) Mr. Abdul Wahid A Ghaffar(Director) Mr. A. Wahid Jalilwala(Director) Mr. Muhammad Asif (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 17.5 Bank Al-Habib Ltd. Habib Bank Ltd. Bank Al-Falah Ltd. Al baraka Islamic Bank 30th January , 2010 30th September, 2009 Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 17.00 18.50 11.10 13.81 30

Production Desc
Crushing of sugarcane Sugar

Units
M. Tons M. Tons

Capacity
1,440,000 Indeterminable

Actual Production
685,778 63,473

430

Fecto Sugar Mills Ltd.

1st Floor, Panorama Centre-2, Raja Ghazanfar Ali Khan Road, Saddar, Karachi.

Management
Mr. Munawar Ali Fecto(Chief Executive) Mr. Kaiser Mahmood Fecto(Deputy C.E.O.) Mr. James R. Richards(Director) Mr. Moin A. Haroon(Director) Mr. Imran Azim(Director) Mrs. Abida Bano(Director) Mr. Fazalur Rehman(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 29th January , 2010 30th September, 2009 MCB Bank Ltd. Bank Of Khyber NIB Bank Ltd. My Bank Ltd.

Banker

Auditor
M/s. Rehman Sarfaraz Rahim Iqbal Rafique.

Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 8.75 13.00 5.00 8.75

Production Desc
Sugar

Units
M. Tons

Capacity
48,000

Actual Production
32,940

Habib - ADM Ltd.( Habib Arkady LTD.)

2nd Floor, UBL Building, I.I.Chundrigar Road, Karachi.

Management
Mr. Gaffar A. Habib(Chairman) Mr. Ovais G. Habib(Managing Director) Mr. Yusaf A. Habib(Director) Mr. Tufail Y. Habib(Director) Mr. Kenneth Denis Hayes(Director) Ms. Fatemah G. Habib(Director) Dr. Salma Habib(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 40 30th October , 2009 30th June , 2009 Citibank N.A.

Banker
National Bank of Pakistan Bank Al-Habib Ltd.

Auditor
M/s. Hyder Bhimji & Company

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

5.00 16.05 16.51 7.76 10.79 19

Production Desc
High Fructose Syrup

Units
Metric tons

Capacity
45,000

Actual Production
21,037

431

Habib Sugar Mills Ltd.

Imperial Court, 4th Floor, Dr. Ziauddin Ahmed Road, Karachi-75530

Management
Mr. Asghar D. Habib(Chairman) Mr. Raeesul Hasan(Chief Executive) Mr. Ali Raza D. Habib(Director) Mr. Muhammad Nawaz Tishna(Director) Mr. Murtaza H. Habib(Director) Mr. Farouq Habib Rahimtoola(Director) Mr. Amin Ali Abdul Hamid(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 35 25 Bank Al Habib Ltd. Citibank N.A.

Banker
Allied Bank of Pakistan Ltd.

Auditor
M/s. Emst & Young Ford Rhodes Sidat Hyder & C

Habib Metropolitan Bank Limted Habib Bank Ltd. First Women Bank Ltd. Meezan Bank Ltd. 28th January , 2010 30th September, 2009 Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 5.00 34.84 36.75 21.40 27.23 11

Production Desc
Cane crushing Sugar Distillery Textile production

Units
M. Tons M. Tons Kgs.

Capacity
840,000 34,000 300,000

Actual Production
780,578 21,739 534,526

Haseeb Waqas Sugar Mills Ltd.

6-F, Model Town, Lahore

Management
Brig. (R) Muhammad Akram(Chief Executive) Mrs. Zainab Waqas() Mr. Iqbal Latif(Director) Hafiz M. Irfan Hussain Butt(Director) Mr. Sohail Ahmed Butt(Director) Miss. Zakia Ilyas(Director) Mr. Raza Mustafa(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 25th January , 2010 30th September, 2009 NIB Bank Ltd. MCB Bank Ltd.

Banker

Auditor
M/s. Qadeer & Company

National Bank Of Pakistan The Bank Of Punjab United Bank Ltd.

Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 64.50 64.50 28.25 41.26

Production Desc
Sugarcane crushed Sugar

Units
M. Tons M. Tons

Capacity
784.000 59,584

Actual Production
162.503 12,270

432

Husein Sugar Mills Ltd.

30-A E/1, Old FCC, Gulberg-III, Lahore

Management
Mst. Nusrat Shamim(Chairperson / CEO.) Mr. Ahmed Ali Tariq(Director) Mr. Sajjad Aslam(Director) Mian Shahzad Aslam(Director) Mian Farrukh Naseem(Director) Mian Aamir Naseem(Director) Mst. Shirin Abid(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Bank Alfalah Ltd. Habib Bank Ltd. MCB Bank Ltd.

Banker
Allied Bank Of Pakistan Ltd.

Auditor
M/S Riaz Ahmad & Co.

National Bank Of Pakistan Bank Of Punjab United Bank Ltd. 30th January , 2010 30th September, 2009 Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 17.00 22.80 12.81 20.00

Production Desc
Sugarcane crushing

Units
M. Tons

Capacity
428,960

Actual Production
36,920

JDW Sugar Mills Ltd.

17-Abid Majeed Road, Lahore Cantt., Lahore.

Management
Syed Ahmed Mahmud(Chairman) Mr. Jahangir Khan Tareen(Chief Executive) Mr. Asim Nisar Bajwa(Director) Mr. Ijaz Ahmed Phulpoto(Director) Mr. Muhammad Ismail(Director) Mr. Imtiaz Ali(Director) Mr. Abdul Ghaffar(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 40 Allied Bank Ltd.

Banker
National Bank of Pakistan Habib Bank Ltd. MCB Bank Ltd. The Bank Of Punjab United Bank Ltd. Standard Chartered Bank ( Pakistan) Ltd. 30th January , 2010 30th September, 2009 Face Value

Auditor
KPMG Taseer Hadi & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 49.00 57.00 28.82 42.34 9

Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Crushing of sugarcane sugar

Units
Metric tons Metric tons

Capacity
3,360,000 150,000

Actual Production
2,084,228 233,012

433

Khairpur Sugar Mills Ltd.

Khairpur House, G-22/II, Gizri Avenue, Defence Housing Authority, Phase IV, Karachi.

Management
Mr. Faisal Mubeen Jumani(Director) Mr. Muhammad Bux Jumani(Director) Mrs. Qamer Mubeen Jumani(Director) Mr. Ahmed Ali Jumani(Chairman) Mr. Fahad Mubeen Jumani(Director) Mr. Faraz Mubeen Jumani(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th January , 2010 30th September, 2009 Bankers Equity Ltd. MCB Bank Ltd. NIB Bank Ltd. United Bank Ltd.

Banker

Auditor
M/s Haroon Zakaria & Company

Mr. Muhammad Mubeen Jumani(Chairman / C.E Allied Bank Of Pakistan Ltd.

Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 2.50 8.50 2.50 5.50

Production Desc
Sugarcane crushing

Units
M.Tons

Capacity
640,000

Actual Production
352,960

Kohinoor Sugar Mills Ltd.

Plot No. 29-G, Gulberg-III, Lahore.

Management
Mr. M. Farooque Saigol(Chief Executive) Mr. M. Usman Saigol(Director) Mr. M. Saleem Saigol(Director) Mr. Zahid Sultan Sheikh(Director) Mr. Khwaja Khurshid Anwar(Director) Mr. Tariq Rehman(Director) Mr. Firasat Ali (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th January , 2010 30th September, 2009 Faysal Bank Ltd. Habib Bank Ltd. MCB Bank Ltd.

Banker

Auditor
M/s.UHY Hassan Naeem & Co.

Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 10.00 16.55 7.00 11.78

Production Desc
Sugarcane crushing Sugar

Units
M.Tons M.Tons

Capacity
237,684 20,322

Actual Production
318,959 29,163

434

Mehran Sugar Mills Ltd.

Adamjee House, 8th Floor, I.I.Chundrigar Road, Karachi.

Management
Mr. Mohammed Kasim Hasham(Chairman) Mr. Mohammed Hussain Hasham(Director) Mr. Khurram Kasim(Director) Mr. Ahmed Ebrahim Hasham(Director) Mr. Abdul Razzaq Usman(Director) Mr. Mohammad Iqbal(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 35 30 26th January , 2010 30th September, 2009 MCB Bank Ltd. Bank Al Habib Ltd. Mr. Mohammed Ebrahim Hasham(Chief Executiv Bank Alflah Limited

Banker

Auditor
M/s. Ford Rhodes Sidat Hyder & Co.

Al Baraka Islamic Bank

Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 55.00 56.45 17.50 26.17 25

Production Desc
sugar

Units
M. Tons

Capacity
70,000

Actual Production
47,690

Mirpurkhas Sugar Mills Ltd.

Modern Motors House, Beaumont Road, Karachi-75530

Management
Mr. Mahmood Faruque(Chairman) Mr. Aslam Faruque(Chief Executive) Mr. Mohammed Faruque(Director) Mr. Akbarali Pesnani(Director) Mr. Tariq Faruque(Director) Mr. Arif Faruque(Director) Mr. Maqbool H. Rahimtoola (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 25 10 NIB Bank Ltd. Habib Bank Ltd. MCB Bank Ltd. Allied Bank Ltd. United Bank Ltd. Bank Al-Habib Ltd.

Banker

Auditor
M/s. Hyder Bhimji & Co.

Natioanl Bank of Paksitan Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 71.00 93.00 59.70 76.35 37

27th January , 2010 30th September, 2009

Production Desc
Crushing of sugarcane Sugar

Units
M.Tons M.Tons

Capacity
517,500 60,000

Actual Production
435,690 46,235

435

Mirza Sugar Mills Ltd.

10th Floor, Portion B. Lakson Square Building No.1, Sarwar Shaheed Road, Karachi.

Management
Dr. (Mrs.) Fehmida Mirza(Chairperson / CEO.) Dr. Zulfiqar Ali Mirza(Director) Mr. Arshad Abid Abbasi(Director) Ms. Fareha Abid Kazi(Director) Ms. Farida Abbasi(Director) Mirza Saulat Raza(Director) Mr. Irshad Hussain Mirza(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th January , 2010 30th September, 2009 Habib Bank Ltd. MCB Bank Ltd.

Banker

Auditor
Allied Bank Of Pakistan Ltd. M/s. Rehman Sarfaraz Rahim Iqbal Rafiq & Co.

National Bank Of Pakistan NIB Bank Ltd.

Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 5.50 5.99 1.00 2.13

Production Desc
Sugar

Units
M.Tons

Capacity
62,640

Actual Production
18,000

Noon Sugar Mills Ltd.

1st Floor, Alfalah Building, Shahrah-e-Quaid-e-Azam Lahore.

Management
Mr. Manzoor Hayat Noon(Chairman / C.E.O.) Mr. K. Iqbal Talib(Director) Mr. Salman Hayat Noon(Director) Mr. Javed Ali Khan(Director) Mr. Zaheer Ahmad Khan(Director) Mr. Safdar M. Hayat Qureshi(Director) Mr. Adnan Hayat Noon(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 10 10 30th January , 2010 30th September, 2009 Allied Bank Limited MCB Bank Ltd. United Bank Ltd. Habib Bank Ltd.

Banker

Auditor
M/s. Hamid Chaudhri & Co.

Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 24.49 32.04 10.68 15.65 13

Production Desc
Distillery Cane crushing Sugar

Units
Th. Liters M.Tons M.Tons

Capacity
10,800 1,280,000 1,280,000

Actual Production
7,350 358,130 30,965

436

Pangrio Sugar Mills Ltd.

10th Floor, Building No.1, Lakson Square, Sarwar Shaheed Road, Karachi.

Management
Mr. Aftab Ahmad(Chairman / C.E.O.) Begum Akhtar Abid(Director) Ms. Naheed Zafar Mirza(Director) Mr. Abbas Ally Agha(Director) Mr. Ali Ghazi Mirza(Director) Mr. Abdullah Kamran Soomro(Director) Mr. Asif Saeed(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Allied Bank Ltd. Bankers Equity Ltd.

Banker

Auditor
M/s. Aslam Malik & Co.

Samba Bank Limited Habib Bank Ltd. MCB Bank Ltd. National Bank Of Pakistan United Bank Ltd. 30th January , 2010 30th September, 2009 Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 5.04 7.00 2.00 4.50

Production Desc
Sugar

Units
M.Tons

Capacity
42,600

Actual Production
11,950

Sakrand Sugar Mills Ltd.

41-K, Block-6, P.E.C.H.S., Karachi.

Management
Mr. Dinshaw H. Anklesaria(Chairman / C.E.O.) Mr. Jamil Akbari(Director) Syed Abid Hussain(Director) Mr. Abdul Naeem Quraishi(Director) Mr. Neville Mehta(Director) Mrs. Fatma Gulamali(Director) Mrs. Roxanne Mehta(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 13th April , 2010 Habib Bank Ltd. MCB Bank Ltd.

Banker

Auditor
M/s. Rahman Sarfaraz Rahim iqbal Rafiq

National Bank Of Pakistan

Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 2.05 3.55 .51 1.43

30th September, 2009

Production Desc
Sugarcane crushing

Units
M. Tons

Capacity
86,400

Actual Production
27,555

437

Saleem Sugar Mills Ltd.

Amin Building, 65-The Mall, Lahore.

Management
Mr. Mujib Ur Rehman(Chairman) Mr. Faisal Saleem(Chief Executive) Mr. Masood Ur Rehman(Director) Mr. Ghulam Shah(Director) Mr. Muhammad Azeem(Director) Mr. Pazeer Ahmad(Director) Mr. Mehmood Shah(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st January , 2010 30th September, 2009 Allied Bank Ltd.

Banker

Auditor
M/s. Hyder Bhimji & Co.

Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 7.85

Production Desc
Cane Crushing Beet Slicing Cattle Feed Production

Units
M.Tons (Per day) M.Tons (Per day) M.Tons (Per day)

Capacity
2,200 1,470 30

Actual Production
-

Sanghar Sugar Mills Ltd.

101- 1st Floor, Ocean Centre, Talpur Road, Karachi.

Management
Haji Khuda Bux Rajar(Chairman / C.E.O.) Jam Mitha Khan(Director) Mr. Mohammad Aslam(Director) Mr. Ghulam Dastagir Rajar(Director) Qazi Shamsuddin(Director) Mr. Gul Muhammad(Director) Mr. Rana Ahmed Khan (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 10 30th January , 2010 30th September, 2009 Habib Bank Ltd.

Banker
Allied Bank Of Pakistan Ltd. Askari Bank Ltd. MCB Bank Ltd. National Bank Of Pakistan NIB Bank Ltd.

Auditor
M/s. Hyder Bhimji & Co.

Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 15.75 20.97 10.00 15.49 18

Production Desc
Sugar Sugarcane crushing

Units
M.Tons M.Tons

Capacity
65,302 1,092,000

Actual Production
57,308 597,111

438

Shahmurad Sugar Mills Ltd.

96-A, Sindhi Muslim Society, Karachi-74400.

Management
Mr. Ismail H. Zakaria(Chairman) Mr. Yusaf Ayoob(Chief Executive) Mr. Suleman Ayoob(Director) Mr. A. Aziz Ayoob(Director) Mr. Zia I. Zakaria(Director) Mr. Ghulam Mohiuddin Zakaria(Director) Mr. Zohair Zakaria(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 15 29th January , 2010 30th September, 2009 Habib Bank Ltd. MCB Bank Ltd.

Banker

Auditor
M/s. Hyder Bhimji & Co.

National Bank Of Pakistan Saudi Pak Industrial & Agriculture Investment Co

Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 10.26 12.47 4.50 5.76 26

Production Desc
Sugar Ethanol

Units
M.Tons M.Tons

Capacity
79,800 33,000

Actual Production
47,690 20,997

Shahtaj Sugar Mills Ltd.

19-Dockyard Road, West Wharf, Karachi-74000

Management
Mr. Mahmood Nawaz(Chairman) Mr. Muneer Nawaz(Chief Executive) Mr. Cowasjee R.F Cowasjee(Director) Mr. Ardeshir Cowasjee(Director) Mr. C.M. Khalid(Director) Mr. M. Naeem(Director) Mr. Ijaz Ahmed(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 100 28th January , 2010 30th September, 2009 Habib Bank Ltd. MCB Bank Ltd.

Banker

Auditor
M/s. Ford, Rhodes, Sidat Hyder & Co.

Standard Chartered Bank ( Pakistan) Ltd. United Bank Ltd.

Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 100.00 116.81 58.10 87.46 38

Production Desc
Sugar

Units
M.Tons

Capacity
108,800

Actual Production
65,089

439

Shakarganj Mills Ltd.

BOP Tower, 10-B, Block E-2, Gulberg III, Lahore.

Management
Mr. Mazhar Karim(Chairman) Mr. Ahsan M. Salim(Chief Executive) Mr. Kaleem Uddeen Ahmad(Director) Mr. Khalid Bashir(Director) Mr. Muhammad Anwar(Director) Mr. Muhammad Arshad(Director) Mr. Muhammad Asif(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Allied Bank Ltd.

Banker
National Bank Of Pakistan MCB Bank Ltd. Bank of Punjab Ltd. United Bank Limited Standard Chartered Bank ( Pakistan) Ltd. Askari Bank Ltd. 05th April , 2010 Face Value

Auditor
M/s. A. F. Ferguson & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 8.12 12.50 4.65 6.48

30th September, 2009

Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Cane crushing Ethanol (distillery) Building material (Particle board)

Units
M. Tons Thousand Liters Cubic Meter

Capacity
1,858,000 68,580 1,830

Actual Production
784,056 33,320 1,643

Sindh Abadgar's Sugar Mills Ltd.

209, 2nd Floor, Progressive Plaza, Beaumont Road, Karachi.

Management
Mr. Deoo Mall Essarani(Chairman / C.E.O.) Mr. Dhaloo Mal(Director) Mr. Pehlaj Raj(Director) Mr. Mohan Lal(Director) Dr. Besham Kumar(Director) Dr. Tara Chand(Director) Mr. Mahesh Kumar(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 29th January , 2010 30th September, 2009 Askari Bank Ltd. Allied Bank Ltd. MCB Bank Ltd. Bank Al-Falah Ltd. KASB Bank Ltd.

Banker

Auditor
M/s Khalid Majid Rahman Sarfaraz Rahim Iqbal R

Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 10.20 17.20 10.50 13.17

Production Desc
Sugarcane crushing sugar

Units
M.Tons M.Tons

Capacity
672,000 63,840

Actual Production
267,402 25,000

440

Tandlianwala Sugar Mills Ltd.

Plot No. 32-N, Gulberg-II, Lahore.

Management
Mr. Akbar Khan(Chairman) Mr. Haroon Khan(Chief Executive) Mr. Ghazi Khan(Director) Mrs. Rasheeda Begum(Director) Mrs. Mobina Akbar Khan(Director) Mrs. Nazli Rafat Jamal(Director) Mr. Hameed Ullah Khan Paracha(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th January , 2010 30th September, 2009 Bank Alfalah Ltd. The Bank Of Punjab MCB Bank Limited

Banker
Allied Bank Of Pakistan Ltd.

Auditor
KPMG Taseer Hadi & Co.

National Bank Of Pakistan United Bank Ltd.

Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 12.85 13.50 3.32 6.99

Production Desc
Crushing of sugar cane Sugar Distillery Plant

Units
M. Tons M. Tons Liters

Capacity
2,880,000 150,000 6,500,000

Actual Production
1306281 118231 5,873,192

The Frontier Sugar Mills & Distillery Ltd.

Nowshera Road, Mardan, Kyber Pakhtunkhua

Management
Begum Laila Sarfaraz(Chairperson / CEO.) Khan Aziz Sarfaraz Khan(Director) Mr. Babar Ali Khan(Director) Ms. Zarmine Sarfaraz(Director) Ms. Najda Sarfaraz(Director) Mr. Abbas Sarfaraz Khan(Director) Mr. Iskandar M. Khan(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Bank Alfalah Ltd. Habib Bank Ltd. MCB Bank Ltd.

Banker
Allied Bank Of Pakistan Ltd.

Auditor
M/s. Hameed Chaudhri & Co.

National Bank Of Pakistan The Bank Of Khyber United Bank Ltd. 30th January , 2010 30th September, 2009 Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 38.00 62.01 38.00 50.01

Production Desc
Sugar cane- crushing Sugar

Units
M.Tons M.Tons

Capacity
30,000 2,000

Actual Production
Nil Nil

441

The Premier Sugar Mills & Distillery Co. Ltd.

Mardan, Khyber Pakhtunkhuh (N.W.F.P)

Management
Mr. Khan Aziz Sarfaraz Khan(Chairman) Mr. Abbas Sarfaraz Khan(Chief Executive) Ms. Mahnaz Saigol(Director) Begum Laila Sarfaraz(Director) Ms.Zarmine Sarfaraz(Director) Mr. Iskandar M. Khan(Director) Ms. Najda Sarfaraz(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30 Bank Alfalah Ltd. Habib Bank Ltd. United Bank Ltd. MCB Bank Ltd

Banker
Allied Bank Of Pakistan Ltd.

Auditor
M/s. Hameed Chaudhri & Co.

National Bank Of Pakistan Faysal Bank Ltd. 30th January , 2010 30th September, 2009 Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 45.99 55.89 22.58 39.24 23

Production Desc
Sugar cane- crushing Sugar Distillery

Units
M. Tons M. Tons Gallons

Capacity
750,400 100,000 1,500,000

Actual Production
88,613 8153 189,526

The Thal Industries Corporation Ltd.

23-Pir Khurshid Colony, Gulgasht, Multan.

Management
Mr. Nauman Ahmad Khan(Managing Director) Mrs. Qaiser Shamim Khan(Director) Mr. Adnan Ahmad Khan(Director) Mrs. Farrah Khan(Director) Mr. Muhammad Khan(Director) Mr. Ahmad Khan(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 20 Bank Al-Habib Ltd. Habib Bank Ltd. MCB Bank Ltd. United Bank Ltd. JS Bank Ltd. Samba Bank Ltd. 29th January , 2010 30th September, 2009

Banker

Auditor
M/s. Rehman Sarfaraz Rahim Iqbal Rafique.

Mr. Muhammad Shamim Khan(Chairman/ C.E.) Allied Bank Of Pakistan Ltd.

Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 94.50 94.50 36.70 65.60 12

Production Desc
Crushing of sugarcane

Units
Metric Tons

Capacity
1,422,000

Actual Production
1,142,669

442

Paper & Board Sector

Paper And Board Sector

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

1421.0 7565.0 8986.0 0.0 0.0 528.0 528.0 9514.0 1986.7 492.9 1493.8 2484.3 2407.9 6878.9 5043.5 5571.5 1835.4 1798.2 -3056.8 12857.1 7678.6 729.4 14557.5 14153.7 13940.6 213.1 11551.2 2602.5 12555.2 2388.5 221.6 2166.9 497.1 729.3 12.2 1734.8 940.5 794.3 1669.9 2464.2 5.5 136.4 88.6 62.0 14.9 54.2 67.8 632.4 88.7 9.3 1.6 12.3 22.9 9.5 24.1 229.0 8.1 15.3 15.2 11.8 9.7 97.2 -11.1 3.0 63.2

2005
1659.6 11343.2 13002.8 0.0 0.0 1947.5 1947.5 14950.3 3497.7 2316.9 1180.8 2794.7 2506.5 8798.9 5276.1 7223.6 3522.8 4404.6 -1778.4 18249.5 11427.6 783.8 20226.5 16349.0 16162.4 186.6 13553.1 2795.9 14632.9 2625.1 243.0 2382.1 642.9 729.1 8.2 5436.3 1010.1 4426.2 1793.9 6220.1 13.0 166.8 119.3 55.6 11.8 18.6 28.8 783.5 89.5 9.3 1.5 5.5 27.0 9.4 18.3 238.5 5.6 14.6 14.4 10.5 10.4 80.8 -5.3 15.5 78.3

2006
1803.4 17821.4 19624.8 0.0 0.0 6663.2 6663.2 26288.0 6530.4 377.7 6152.7 3304.7 2876.5 12711.6 5356.2 12019.4 7355.4 8960.6 1174.2 25927.0 18932.5 789.4 31644.1 16792.7 16602.6 190.1 14090.6 2702.1 15278.5 7234.7 239.2 6995.5 349.9 521.2 100.9 11337.7 6124.4 5213.3 6913.8 12127.1 25.3 237.3 183.6 61.2 22.1 54.0 57.0 1088.2 91.0 3.3 1.4 2.7 5.0 7.9 35.6 1275.1 2.7 41.7 38.8 36.9 7.4 53.1 169.4 2.7 108.8

2007
1904.3 22645.9 24550.2 0.0 0.0 16125.9 16125.9 40676.1 10747.8 347.2 10400.6 4613.4 3760.6 19121.8 7515.4 23641.3 11606.4 17547.9 3232.4 36820.3 29069.8 974.2 48191.6 19516.8 19318.0 198.8 16906.3 2610.5 18091.5 6866.6 561.3 6305.3 294.6 115.0 259.9 14388.1 5895.7 8492.4 6869.9 15362.3 39.6 254.4 204.4 96.3 13.1 41.0 44.7 1289.2 92.7 8.2 2.9 3.2 4.7 9.3 25.7 5226.7 0.5 32.3 33.1 31.6 5.1 40.5 -14.7 16.2 128.9

2008
2164.2 20788.9 22953.1 0.0 0.0 17965.7 17965.7 40918.8 9204.8 403.6 8801.2 6068.2 6818.2 22091.2 13956.0 31921.7 8135.2 23835.4 -4751.2 34913.6 32783.5 1347.4 54874.7 23603.2 22993.3 609.9 21577.6 2025.6 22880.8 2176.2 1844.1 332.1 215.9 123.9 105.6 242.7 -7.7 250.4 1339.7 1590.1 43.9 158.3 109.4 139.1 0.6 -3.2 84.3 1060.6 96.9 84.7 7.8 7.7 65.0 9.8 1.4 93.8 0.5 1.4 1.5 0.5 4.6 43.0 -95.5 20.9 106.1

2009
2238.9 25312.0 27550.9 1605.9 0.0 15541.4 17147.3 44698.2 9302.8 956.4 8346.4 7601.9 6842.1 23746.8 11323.5 28470.8 12423.3 17520.8 -2020.7 43514.5 32274.8 1792.2 56021.6 25517.1 24759.5 757.6 24566.7 950.4 27937.1 7428.8 2828.0 4600.8 216.9 487.5 0.0 3779.4 3896.4 -117.0 5688.6 5571.6 38.4 209.7 149.3 103.3 8.2 103.1 102.1 1230.6 109.5 38.1 11.1 16.1 4.7 11.6 16.7 899.3 1.8 18.0 20.5 19.6 7.3 45.5 1266.7 8.1 123.1

445

Paper & Board

Operating, Financial & Investment Ratios

300
250 200
%

150 100 50 0

2004

2005 Gearing ratio

2006 Debt equity ratio

2007 Current ratio

2008

2009

Baluchistan Particle Board Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

30.0 -44.7 -14.7 0.0 0.0 0.0 0.0 -14.7 1.2 1.2 0.0 5.2 0.0 6.4 28.0 28.0 -21.6 0.0 -26.8 22.9 6.9 0.7 12.1 0.0 0.0 0.0 0.0 0.0 1.6 0.7 0.1 -1.6 0.0 0.0 0.0 0.0 2.2 -2.2 2.9 0.7 0.0 0.0 5.8 414.3 -49.0 0.0 0.0 0.0 9.2 0.0 0.0 -4.9

2005
30.0 -45.0 -15.0 0.0 0.0 0.0 0.0 -15.0 2.0 2.0 0.0 5.2 0.0 7.2 28.5 28.5 -21.3 0.0 -26.5 22.9 6.3 0.6 13.5 0.0 0.0 0.0 0.0 0.0 1.7 -0.1 0.1 -0.2 0.0 0.0 0.0 -0.3 -0.2 -0.1 0.4 0.3 25.3 25.3 -1.5 133.3 -50.0 -0.1 -0.1 8.7 0.0 -66.7 -5.0

2006
30.0 -44.8 -14.8 0.0 0.0 0.0 0.0 -14.8 1.5 1.5 0.0 5.3 0.0 6.8 27.4 27.4 -20.6 0.0 -25.9 22.9 5.7 0.6 12.5 0.0 0.0 0.0 0.0 0.0 1.6 0.2 0.0 0.2 0.0 0.0 0.0 0.2 0.2 0.0 0.8 0.8 0.0 24.8 24.8 0.0 1.6 100.0 100.0 -49.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 9.5 0.0 -200.0 -4.9

2007
30.0 -44.3 -14.3 0.0 0.0 0.0 0.0 -14.3 2.7 2.7 0.0 5.2 0.0 7.9 27.4 27.4 -19.5 0.0 -24.7 22.9 5.2 0.5 13.1 0.0 0.0 0.0 0.0 0.0 1.3 0.7 0.1 0.6 0.1 0.0 0.0 0.5 0.5 0.0 1.0 1.0 0.0 28.8 28.8 0.0 4.6 100.0 100.0 -47.7 0.0 14.3 0.0 0.0 16.7 0.0 0.0 0.0 0.0 0.0 0.2 0.2 8.8 0.0 100.0 -4.8

2008
30.0 -43.7 -13.7 0.0 0.0 0.0 0.0 -13.7 2.3 2.3 0.0 5.1 0.0 7.4 25.9 25.9 -18.5 0.0 -23.6 22.9 4.8 0.5 12.2 0.0 0.0 0.0 0.0 0.0 1.5 0.7 0.0 0.7 0.1 0.0 0.0 0.6 0.6 0.0 1.1 1.1 0.0 28.6 28.6 0.0 5.7 100.0 100.0 -45.7 0.0 0.0 0.0 0.0 14.3 0.0 0.0 0.0 0.0 0.0 0.2 0.2 9.6 0.0 0.0 -4.6

2009
30.0 -43.1 -13.1 0.0 0.0 0.0 0.0 -13.1 3.2 3.2 0.0 5.1 0.0 8.3 25.8 25.8 -17.5 0.0 -22.6 22.9 4.4 0.4 12.7 0.0 0.0 0.0 0.0 0.0 1.7 0.9 0.1 0.8 0.2 0.0 0.0 0.6 0.6 0.0 1.0 1.0 0.0 32.2 32.2 0.0 6.3 100.0 100.0 -43.7 0.0 11.1 0.0 0.0 25.0 0.0 0.0 0.0 0.0 0.0 0.3 0.2 8.3 0.0 50.0 -4.4

447

Central Forest Products Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

30.0 -35.3 -5.3 0.0 0.0 1.6 1.6 -3.7 3.5 3.5 0.0 7.4 203.3 214.2 297.8 299.4 -83.6 119.3 -294.3 106.4 79.9 6.3 294.1 0.0 0.0 0.0 0.0 0.0 2.9 -2.8 3.6 -6.4 0.0 0.0 0.0 -9.1 -6.4 -2.7 -0.1 -2.8 71.9 3.7 -2.2 -17.7 3.0 -2.1 -2.1 5.9 0.0 -38.2 -100.0 -1.8

2005
30.0 -41.4 -11.4 0.0 0.0 0.2 0.2 -11.2 2.6 2.6 0.0 7.8 213.4 223.8 309.7 309.9 -85.9 117.0 -307.1 107.1 74.8 5.8 298.6 0.0 0.0 0.0 0.0 0.0 2.4 -2.4 3.8 -6.2 0.0 0.0 0.0 -7.5 -6.2 -1.3 -0.4 -1.7 72.3 3.4 -2.1 -38.0 3.2 -2.1 -2.1 7.3 0.0 0.0 -3.8

2006
30.0 -47.3 -17.3 0.0 0.0 0.1 0.1 -17.2 1.2 1.2 0.0 7.4 222.5 231.1 321.8 321.9 -90.7 115.0 -320.6 111.0 73.4 5.3 304.5 0.0 0.0 0.0 0.0 0.0 1.6 -1.6 3.3 -4.9 0.0 0.0 0.0 -6.0 -4.9 -1.1 0.4 -0.7 0.0 71.8 2.7 0.0 -1.6 81.7 -57.1 -57.7 0.0 -206.3 0.0 2.9 0.0 0.0 0.0 0.0 0.0 0.0 -1.6 -1.6 7.1 0.0 -23.8 -5.8

2007
30.0 -49.3 -19.3 0.0 0.0 0.0 0.0 -19.3 1.3 1.3 0.0 6.6 230.3 238.2 326.6 326.6 -88.4 101.5 -325.3 111.6 69.1 4.9 307.3 0.0 0.0 0.0 0.0 0.0 1.9 -1.9 0.2 -2.1 0.0 0.0 0.0 -2.1 -2.1 0.0 2.8 2.8 0.0 72.9 2.4 0.0 -0.7 100.0 100.0 -64.3 0.0 -10.5 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 -0.7 -0.7 6.7 0.0 -56.3 -6.4

2008
30.0 -50.8 -20.8 0.0 0.0 0.0 0.0 -20.8 0.2 0.2 0.0 6.5 236.9 243.6 329.1 329.1 -85.5 101.5 -328.9 111.8 64.7 4.6 308.3 0.0 0.0 0.0 0.0 0.0 1.4 -1.4 0.0 -1.4 0.0 0.0 0.0 -1.5 -1.4 -0.1 3.2 3.1 0.0 74.0 2.0 0.0 -0.5 93.3 103.2 -69.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.5 -0.5 6.7 0.0 -28.6 -6.9

2009
30.0 -46.5 -16.5 0.0 0.0 0.0 0.0 -16.5 0.1 0.1 0.0 6.0 243.6 249.7 326.7 326.7 -77.0 113.1 -326.6 111.4 60.5 4.1 310.2 6.9 6.9 0.0 5.1 1.8 7.6 4.4 0.0 4.4 0.1 0.0 0.0 4.3 4.3 0.0 8.4 8.4 0.0 76.4 1.9 0.0 1.4 100.0 100.0 -55.0 110.1 0.0 0.0 0.0 2.3 20.3 0.0 0.0 0.0 63.8 1.5 1.4 6.3 2.2 -400.0 -5.5

448

Century Paper & Board Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

314.2 800.2 1114.4 0.0 0.0 321.7 321.7 1436.1 124.6 24.6 100.0 286.5 262.4 673.5 829.0 1150.7 -155.5 581.2 -704.4 2528.3 1591.7 165.3 2265.2 3013.5 3013.5 0.0 2586.7 426.8 2689.7 379.9 22.6 357.3 100.1 141.4 0.0 -199.9 115.8 -315.7 281.1 -34.6 22.4 81.2 49.6 103.3 15.8 354.7 89.3 5.9 0.7 3.9 28.0 4.4 32.1 181.9 12.7 11.9 11.4 8.2 11.6 133.0 -13.0 8.5 35.5

2005
321.3 1161.7 1483.0 0.0 0.0 533.1 533.1 2016.1 31.2 31.2 0.0 366.5 335.1 732.8 827.8 1360.9 -95.0 874.8 -796.6 3392.8 2110.9 206.5 2843.7 3452.8 3452.8 0.0 2961.0 491.8 3077.1 398.5 22.0 376.5 114.5 141.4 0.0 580.0 120.6 459.4 327.1 786.5 26.4 88.5 48.0 91.8 13.2 20.8 41.6 461.6 89.1 5.5 0.6 2.5 30.4 5.2 25.4 185.3 9.5 10.9 11.7 8.2 11.9 121.4 2.6 14.6 46.2

2006
642.6 2178.2 2820.8 0.0 0.0 440.5 440.5 3261.3 187.4 21.8 165.6 449.1 424.9 1061.4 1177.0 1617.5 -115.6 1012.3 -989.6 4904.2 3376.9 246.5 4438.3 3843.9 3843.9 0.0 3385.3 458.6 3507.1 386.3 78.1 308.2 17.1 0.0 0.0 1245.2 291.1 954.1 537.6 1491.7 13.5 90.2 54.1 57.3 6.9 23.4 36.0 439.0 91.2 20.2 2.0 7.7 5.5 5.6 10.9 0.0 0.0 8.0 4.8 4.5 11.7 86.6 -59.0 11.3 43.9

2007
642.6 2255.4 2898.0 0.0 0.0 3581.0 3581.0 6479.0 21.8 21.8 0.0 563.3 455.9 1041.0 3151.9 6732.9 -2110.9 4148.6 -3130.1 10232.7 8589.9 246.5 9630.9 4415.5 4415.5 0.0 4109.9 305.6 4238.6 214.0 89.8 124.2 38.6 0.0 64.3 3217.7 85.6 3132.1 332.1 3464.2 55.3 33.0 18.6 232.3 1.3 2.7 9.6 451.0 96.0 42.0 2.0 2.2 31.1 6.4 4.3 0.0 0.0 2.8 1.9 1.3 7.3 45.8 -60.4 14.9 45.1

2008
706.8 2200.2 2907.0 0.0 0.0 5521.4 5521.4 8428.4 16.5 16.5 0.0 1008.4 1496.5 2521.4 4948.4 10469.8 -2427.0 7164.9 -4931.9 5900.3 10855.5 288.8 13376.9 5036.3 5036.3 0.0 4717.9 318.4 4939.6 136.8 99.7 37.1 23.9 0.0 0.0 1949.4 13.2 1936.2 302.0 2238.2 65.5 51.0 20.7 360.2 0.3 0.7 13.5 411.3 98.1 72.9 2.0 1.4 64.4 8.2 1.3 0.0 0.0 0.7 0.5 0.2 3.4 37.6 -73.7 14.1 41.1

2009
706.8 1121.9 1828.7 0.0 0.0 7245.0 7245.0 9073.7 406.9 406.9 0.0 1508.8 1357.5 3273.2 4653.7 11898.7 -1380.5 8132.9 -4246.8 13198.6 10454.3 288.8 13727.5 7152.1 7152.1 0.0 7226.4 -74.3 7507.4 -294.4 1300.2 -1594.6 0.4 0.0 0.0 645.3 -1595.0 2240.3 -1306.2 934.1 79.8 70.3 41.2 650.7 -11.6 -247.2 -139.8 258.7 105.0 -441.6 18.2 16.0 0.0 7.0 -87.2 0.0 0.0 -22.3 -22.6 -22.6 2.7 52.1 -4620.0 42.0 25.9

449

Cherat Papersack Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

40.8 234.4 275.2 0.0 0.0 0.1 0.1 275.3 98.4 71.4 27.0 77.2 173.0 348.6 127.5 127.6 221.1 0.3 -29.1 126.4 54.2 6.2 402.8 657.0 657.0 0.0 575.9 81.1 601.8 63.1 0.5 62.6 20.4 12.2 12.2 14.2 30.0 -15.8 36.2 20.4 0.0 273.4 137.7 46.4 15.5 211.3 177.5 674.5 91.6 0.8 0.1 166.7 32.6 8.5 22.7 345.9 4.4 9.5 15.3 10.3 11.4 163.1 -45.9 -7.6 67.5

2005
49.0 248.8 297.8 0.0 0.0 100.0 100.0 397.8 84.1 53.0 31.1 133.4 198.0 415.5 190.0 290.0 225.5 100.1 -105.9 250.3 172.2 7.0 587.7 820.7 818.9 1.8 744.7 76.0 779.3 49.1 1.2 47.9 14.9 22.0 8.2 122.5 11.0 111.5 18.0 129.5 25.1 218.7 114.5 97.4 8.2 9.0 13.9 607.8 95.0 2.4 0.1 1.2 31.1 11.6 16.1 150.0 7.4 5.8 9.8 6.7 12.9 139.6 -35.9 24.9 60.8

2006
58.8 245.1 303.9 0.0 0.0 75.0 75.0 378.9 83.6 39.2 44.4 153.2 297.1 533.9 320.6 395.6 213.3 210.5 -237.0 255.9 165.5 13.6 699.4 914.4 906.1 8.3 874.9 39.5 896.5 25.1 15.2 9.9 4.0 8.8 0.0 -18.9 -2.9 -16.0 10.7 -5.3 19.8 166.5 73.9 130.2 1.4 15.3 -201.9 516.8 98.0 60.6 1.7 7.2 40.4 12.9 3.3 67.0 2.9 1.1 1.7 1.0 7.9 130.7 -82.7 11.4 51.7

2007
58.8 315.8 374.6 0.0 0.0 50.0 50.0 424.6 70.2 20.0 50.2 134.5 513.1 717.8 445.7 495.7 272.1 196.5 -375.5 256.9 152.5 13.9 870.3 1351.0 1344.3 6.7 1187.9 163.1 1220.9 144.0 27.8 116.2 13.9 11.8 14.7 45.7 90.5 -44.8 104.4 59.6 11.8 161.1 45.9 132.3 13.4 198.0 175.2 637.1 90.4 19.3 2.1 14.1 12.0 7.9 31.0 866.9 3.2 8.6 19.8 17.4 8.4 155.2 1064.7 47.7 63.7

2008
73.4 354.1 427.5 0.0 0.0 25.0 25.0 452.5 60.3 9.8 50.5 311.1 973.5 1344.9 1088.5 1113.5 256.4 761.8 -1028.2 312.9 196.1 13.3 1541.0 2146.8 2139.9 6.9 1968.7 178.1 2003.7 152.8 48.4 104.4 23.9 11.0 18.4 27.9 69.5 -41.6 82.8 41.2 5.5 123.6 34.1 260.5 6.8 249.1 201.0 582.4 93.3 31.7 2.3 6.4 22.9 0.2 24.4 731.8 2.6 4.9 14.2 11.0 8.7 139.3 -28.3 58.9 58.2

2009
91.8 286.0 377.8 0.0 0.0 131.3 131.3 509.1 63.4 7.9 55.5 357.6 700.7 1121.7 1006.5 1137.8 115.2 1014.5 -943.1 530.8 393.8 20.1 1515.5 2060.6 2060.6 0.0 1919.2 141.4 1952.4 118.4 176.7 -58.3 0.0 0.0 0.0 56.6 -58.3 114.9 -38.2 76.7 25.8 111.4 41.8 301.2 -3.8 -103.0 -49.8 411.5 94.7 149.2 8.6 17.4 0.0 11.9 -15.4 0.0 0.0 -2.8 -6.4 -6.4 10.2 136.0 -145.1 -4.0 41.2

450

Dadabhoy Sack Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

40.0 2.8 42.8 0.0 0.0 4.4 4.4 47.2 0.1 0.1 0.0 38.7 0.9 39.7 13.3 17.7 26.4 5.1 -13.2 59.8 20.8 3.0 60.5 102.9 102.9 0.0 81.0 21.9 90.8 16.1 0.4 15.7 0.6 0.0 0.0 19.0 15.1 3.9 18.1 22.0 9.3 298.5 291.7 41.4 26.0 79.5 82.3 107.0 88.2 2.5 0.4 7.8 3.8 17.8 36.7 0.0 15.3 3.9 3.8 16.8 170.1 -214.7 45.3 10.7

2005
40.0 5.4 45.4 0.0 0.0 5.0 5.0 50.4 0.7 0.7 0.0 36.0 4.0 40.7 10.9 15.9 29.8 6.0 -10.2 39.0 20.6 2.7 61.3 100.3 100.3 0.0 86.8 13.5 96.8 3.6 0.5 3.1 0.7 0.0 0.0 3.2 2.4 0.8 5.1 5.9 9.9 373.4 336.7 35.0 5.1 75.0 86.4 113.5 96.5 13.9 0.5 8.3 22.6 27.8 6.8 0.0 3.1 0.8 0.6 13.0 163.6 -79.5 -2.5 11.4

2006
40.0 20.2 60.2 0.0 0.0 15.4 15.4 75.6 0.8 0.8 0.0 21.4 11.0 33.2 17.2 32.6 16.0 18.0 -16.4 69.9 59.6 6.0 92.8 96.8 96.8 0.0 77.8 19.0 95.1 1.9 1.2 0.7 1.3 0.0 0.0 25.2 -0.6 25.8 5.4 31.2 20.4 193.0 129.1 54.2 0.8 -2.4 17.3 150.5 98.2 63.2 1.2 6.7 185.7 8.8 1.2 0.0 0.0 0.7 0.2 -0.2 29.1 104.3 -75.0 -3.5 15.1

2007
40.0 21.9 61.9 0.0 0.0 12.7 12.7 74.6 0.3 0.3 0.0 33.6 4.8 38.7 18.5 31.2 20.2 15.6 -18.2 70.0 54.3 5.3 93.0 69.4 69.4 0.0 54.7 14.7 66.9 2.5 1.8 0.7 0.7 0.0 0.0 -1.0 0.0 -1.0 5.3 4.3 17.0 209.2 183.2 50.4 0.8 0.0 123.3 154.8 96.4 72.0 2.6 11.5 100.0 25.9 1.1 0.0 0.0 1.0 0.2 0.0 8.9 74.6 0.0 -28.3 15.5

2008
40.0 8.7 48.7 0.0 0.0 8.8 8.8 57.5 0.3 0.3 0.0 34.5 0.0 34.8 25.1 33.9 9.7 14.6 -24.8 60.3 47.8 4.8 82.6 47.5 47.5 0.0 50.2 -2.7 59.8 -11.9 1.5 -13.4 0.2 0.0 0.0 -17.1 -13.6 -3.5 -8.8 -12.3 15.3 138.6 138.6 69.6 -16.2 79.5 71.5 121.8 125.9 -12.6 3.2 10.3 -1.5 42.9 -27.5 0.0 0.0 -28.2 -3.4 -3.4 8.8 57.5 -1800.0 -31.6 12.2

2009
40.0 1.3 41.3 0.0 0.0 4.3 4.3 45.6 0.3 0.3 0.0 33.1 0.0 33.4 24.7 29.0 8.7 6.1 -24.4 61.5 37.0 2.4 70.4 3.8 3.8 0.0 3.4 0.4 8.0 -4.2 0.0 -4.2 0.0 0.0 0.0 -11.9 -4.2 -7.7 -1.8 -9.5 9.4 135.2 135.2 70.2 -6.0 35.3 18.9 103.3 210.5 0.0 0.0 0.0 0.0 547.4 -10.2 0.0 0.0 -110.5 -1.1 -1.1 5.0 5.4 -67.6 -92.0 10.3

451

Merit Packaging Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

27.5 53.8 81.3 0.0 0.0 22.4 22.4 103.7 0.7 0.7 0.0 47.4 28.6 76.7 42.8 65.2 33.9 33.8 -42.1 125.0 69.8 8.5 146.5 400.2 400.2 0.0 347.0 53.2 364.6 36.1 3.5 32.6 8.5 9.6 0.0 0.8 14.5 -13.7 23.0 9.3 21.6 179.2 112.4 80.2 22.3 1812.5 247.3 295.6 91.1 9.7 0.9 10.4 26.1 5.4 40.1 251.0 11.8 8.1 11.9 8.8 11.5 273.2 -5.6 -3.6 29.6

2005
27.5 176.5 204.0 0.0 0.0 148.5 148.5 352.5 0.3 0.3 0.0 67.5 58.9 126.7 131.9 280.4 -5.2 230.5 -131.6 420.8 357.7 16.0 484.4 526.1 526.1 0.0 463.0 63.1 484.8 42.1 11.2 30.9 2.3 9.6 0.0 248.8 19.0 229.8 35.0 264.8 42.1 96.1 51.4 137.5 6.4 7.6 13.2 741.8 92.1 26.6 2.1 4.9 7.4 7.2 15.1 297.9 4.7 5.9 11.2 10.4 22.9 108.6 -5.9 31.5 74.2

2006
27.5 194.4 221.9 0.0 0.0 132.2 132.2 354.1 0.2 0.2 0.0 58.7 56.7 115.6 155.4 287.6 -39.8 225.1 -155.2 493.6 393.8 32.4 509.4 606.6 606.6 0.0 516.4 90.2 540.3 67.1 24.0 43.1 2.6 9.6 0.0 1.6 30.9 -29.3 63.3 34.0 37.3 74.4 37.9 129.6 8.5 1931.3 186.2 806.9 89.1 35.8 4.0 10.7 6.0 4.3 19.4 421.9 4.3 7.1 15.7 14.7 9.1 119.1 40.2 15.3 80.7

2007
27.5 211.7 239.2 0.0 0.0 118.5 118.5 357.7 0.3 0.3 0.0 60.0 61.7 122.0 183.7 302.2 -61.7 219.2 -183.4 555.6 419.5 34.1 541.5 673.6 673.6 0.0 568.8 104.8 602.6 71.6 26.0 45.6 11.4 0.0 13.7 3.6 34.2 -30.6 68.3 37.7 33.1 66.4 32.8 126.3 8.4 950.0 181.2 869.8 89.5 36.3 3.9 11.9 25.0 4.0 19.1 0.0 0.0 6.8 16.6 12.4 8.7 124.4 5.7 11.0 87.0

2008
41.2 205.1 246.3 0.0 0.0 88.2 88.2 334.5 0.7 0.7 0.0 125.5 110.7 236.9 504.6 592.8 -267.7 228.8 -503.9 743.1 602.4 31.9 839.3 652.2 652.2 0.0 588.7 63.5 613.7 40.1 29.4 10.7 2.8 0.0 6.2 -23.2 7.9 -31.1 39.8 8.7 26.4 46.9 25.0 240.7 1.3 -34.1 457.5 597.8 94.1 73.3 4.5 12.8 26.2 8.6 4.3 0.0 0.0 1.6 2.6 1.9 7.5 77.7 -84.3 -3.2 59.8

2009
47.4 203.7 251.1 0.0 0.0 175.9 175.9 427.0 0.6 0.6 0.0 180.4 111.2 292.2 550.5 726.4 -258.3 175.9 -549.9 868.2 685.5 44.7 977.7 808.8 808.8 0.0 766.1 42.7 798.9 11.4 67.6 -56.2 0.5 0.0 0.0 92.5 -56.7 149.2 -12.0 137.2 41.2 53.1 32.9 289.3 -5.7 -61.3 -8.7 529.7 98.8 593.0 8.4 38.4 -0.9 12.5 -22.4 0.0 0.0 -6.9 -11.9 -12.0 7.4 82.7 -557.7 24.0 53.0

452

Packages Ltd.
Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

475.4 4393.9 4869.3 0.0 0.0 54.9 54.9 4924.2 1349.7 147.4 1202.3 1348.4 1364.7 4062.8 2712.4 2767.3 1350.4 582.4 -1362.7 7943.0 3573.7 458.1 7636.5 6893.0 6804.9 88.1 5584.4 1308.6 6188.7 1331.3 139.0 1192.3 302.0 404.1 0.0 1643.1 486.2 1156.9 944.3 2101.2 1.1 149.8 99.5 56.8 15.6 29.6 44.9 1024.3 89.8 10.4 2.0 23.9 25.3 10.7 24.5 220.3 8.3 17.3 25.1 18.7 12.9 90.3 -11.0 0.5 102.4

2005
698.8 7048.0 7746.8 0.0 0.0 1000.9 1000.9 8747.7 2729.0 2020.0 709.0 1479.8 1144.0 5352.8 2867.5 3868.4 2485.3 2608.8 -138.5 10760.3 6262.3 399.5 11615.1 8163.0 8061.9 101.1 6810.1 1352.9 7445.4 1515.3 185.5 1329.8 348.6 404.1 0.0 3823.5 577.1 3246.4 976.6 4223.0 11.4 186.7 146.8 49.9 11.4 15.1 23.1 1108.6 91.2 12.2 2.3 7.1 26.2 9.6 17.2 242.8 5.2 16.3 19.0 14.0 12.2 70.3 -24.3 18.4 110.9

2006
698.8 12971.5 13670.3 0.0 0.0 6000.0 6000.0 19670.3 5882.4 106.7 5775.7 1910.8 1647.2 9440.4 3000.7 9000.7 6439.7 7281.7 2881.7 18093.4 13230.6 376.4 22671.0 9998.6 9816.8 181.8 8428.9 1569.7 9308.9 6286.0 116.9 6169.1 198.1 419.3 34.9 10922.6 5551.7 5370.9 5928.1 11299.0 30.5 314.6 259.7 65.8 27.2 50.8 52.5 1956.3 93.1 1.9 1.2 1.6 3.2 8.2 45.1 1424.0 3.1 61.7 88.3 85.4 6.0 44.1 364.7 22.5 195.6

2007
733.7 17436.6 18170.3 0.0 0.0 12346.5 12346.5 30516.8 10181.3 101.0 10080.3 2862.6 2206.2 15250.1 2921.2 15267.7 12328.9 12747.5 7260.1 23566.3 18188.0 554.2 33438.1 11686.4 11494.3 192.1 10180.6 1505.8 11033.4 5951.2 413.3 5537.9 94.8 0.0 110.1 10846.5 5443.1 5403.4 5997.3 11400.7 40.5 522.0 446.5 84.0 16.6 50.2 52.6 2476.5 94.4 6.9 3.5 3.2 1.7 11.0 30.5 0.0 0.0 47.4 75.5 74.2 4.2 34.9 -14.5 16.9 247.7

2008
843.8 15428.6 16272.4 0.0 0.0 12304.4 12304.4 28576.8 8561.7 199.2 8362.5 3354.6 3652.3 15568.6 6457.6 18762.0 9111.0 15442.2 2104.1 25665.1 19465.8 885.6 35034.4 14300.9 13697.8 603.1 13357.6 943.3 14232.5 1354.2 1662.1 -307.9 10.0 0.0 0.0 -1940.0 -317.9 -1622.1 567.7 -1054.4 43.1 241.1 184.5 115.3 -0.9 16.4 -53.8 1928.5 99.5 122.7 11.6 10.8 -3.2 10.6 -1.9 0.0 0.0 -2.2 -3.6 -3.8 4.9 40.8 -104.8 22.4 192.8

2009
843.8 20967.1 21810.9 1605.9 0.0 7970.6 9576.5 31387.4 8610.4 455.7 8154.7 3733.7 4102.4 16446.5 4220.5 13797.0 12226.0 8057.1 4389.9 26619.9 19161.3 1320.1 35607.8 14043.9 13286.3 757.6 13736.5 307.4 16561.0 7048.0 1278.4 5769.6 83.0 274.2 0.0 2810.6 5412.4 -2601.8 6732.5 4130.7 30.5 389.7 292.5 63.3 16.2 192.6 163.0 2584.8 117.9 18.1 9.1 15.9 1.4 12.5 26.5 2073.9 1.3 41.1 68.4 67.4 11.7 39.4 -2000.0 -1.8 258.5

453

Pakistan Paper Products Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

25.0 42.1 67.1 0.0 0.0 3.4 3.4 70.5 13.9 13.9 0.0 19.6 30.3 63.8 27.5 30.9 36.3 6.4 -13.6 58.0 34.3 4.2 98.1 158.4 158.4 0.0 119.5 38.9 130.7 28.0 1.2 26.8 7.8 10.0 0.0 1.7 9.0 -7.3 13.2 5.9 4.8 232.0 121.8 46.1 27.3 529.4 223.7 268.4 82.5 4.3 0.8 18.8 29.1 9.9 39.9 190.0 14.9 16.9 10.7 7.6 12.1 161.5 5.9 7.2 26.8

2005
25.0 215.4 240.4 0.0 0.0 0.0 0.0 240.4 22.3 22.3 0.0 23.2 36.3 81.8 31.5 31.5 50.3 0.0 -9.2 190.1 190.1 3.6 271.9 173.5 173.5 0.0 124.6 48.9 137.6 36.2 0.5 35.7 12.0 0.0 0.0 169.9 23.7 146.2 27.3 173.5 0.0 259.7 144.4 13.1 13.1 13.9 15.7 961.6 79.3 1.4 0.3 33.6 11.2 14.9 0.0 20.6 14.3 9.5 10.5 63.8 33.6 9.5 96.2

2006
25.0 230.5 255.5 0.0 0.0 0.0 0.0 255.5 21.0 21.0 0.0 33.9 47.1 102.0 34.2 34.2 67.8 0.0 -13.2 192.6 187.6 4.4 289.6 227.7 227.7 0.0 161.9 65.8 180.2 48.6 0.3 48.3 16.9 17.5 0.0 15.1 13.9 1.2 18.3 19.5 0.0 298.2 160.5 13.4 16.7 92.1 93.8 1022.0 79.1 0.6 0.1 0.0 35.0 12.4 18.9 179.4 6.8 21.2 19.3 12.6 2.3 78.6 35.0 31.2 102.2

2007
25.0 245.7 270.7 0.0 0.0 17.3 17.3 288.0 20.9 20.9 0.0 36.1 60.3 117.3 46.9 64.2 70.4 21.0 -26.0 188.3 217.7 7.6 335.0 222.0 222.0 0.0 160.6 61.4 178.3 45.1 2.3 42.8 0.0 17.5 0.0 32.5 25.3 7.2 32.9 40.1 6.0 250.1 121.5 23.7 12.8 77.8 82.0 1082.8 80.3 5.1 1.0 11.0 0.0 12.9 15.8 244.6 6.5 19.3 17.1 17.1 4.1 66.3 -11.4 -2.5 108.3

2008
25.0 252.0 277.0 0.0 0.0 13.0 13.0 290.0 16.5 16.5 0.0 47.9 75.0 139.4 61.5 74.5 77.9 17.3 -45.0 232.0 212.0 8.1 351.4 241.7 241.7 0.0 183.2 58.5 201.2 41.9 2.5 39.4 14.8 10.0 12.5 2.0 14.6 -12.6 22.7 10.1 4.5 226.7 104.7 26.9 11.2 730.0 224.8 1108.0 83.2 6.0 1.0 14.5 37.6 15.3 14.2 246.0 3.6 16.3 15.8 9.8 3.7 68.8 -7.6 8.9 110.8

2009
37.5 263.2 300.7 0.0 0.0 7.6 7.6 308.3 12.4 12.4 0.0 61.4 65.3 139.1 44.2 51.8 94.9 12.9 -31.8 241.0 213.3 7.8 352.4 312.0 312.0 0.0 241.2 70.8 263.7 49.3 3.0 46.3 14.8 7.5 0.0 18.3 24.0 -5.7 31.8 26.1 2.5 314.7 167.0 17.2 13.1 131.1 121.8 801.9 84.5 6.1 1.0 23.3 32.0 14.0 15.4 420.0 2.5 14.8 12.3 8.4 3.7 88.5 -22.2 29.1 80.2

454

Security Papers Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

219.8 1509.0 1728.8 0.0 0.0 0.0 0.0 1728.8 119.3 119.3 0.0 302.6 84.9 506.8 206.8 206.8 300.0 0.0 -87.5 1546.9 1428.9 56.8 1935.7 882.2 882.2 0.0 429.2 453.0 497.1 413.3 2.3 411.0 36.8 120.9 0.0 161.7 253.3 -91.6 310.1 218.5 0.0 245.1 204.0 12.0 21.2 156.6 141.9 786.5 56.3 0.6 0.3 9.0 17.3 23.8 309.5 7.0 46.6 18.7 17.0 4.0 45.6 -8.3 -0.6 78.7

2005
219.8 1798.9 2018.7 0.0 0.0 0.0 0.0 2018.7 509.2 155.0 354.2 165.8 143.5 818.5 172.8 172.8 645.7 0.0 336.4 1585.0 1373.0 94.0 2191.5 1127.0 1127.0 0.0 633.7 493.3 717.0 430.9 0.1 430.8 130.2 120.9 0.0 289.9 179.7 110.2 273.7 383.9 0.0 473.7 390.6 8.6 19.7 62.0 71.3 918.4 63.6 0.0 0.0 30.2 9.8 21.3 248.6 6.0 38.2 19.6 13.7 6.6 51.4 4.8 27.7 91.8

2006
219.8 2083.3 2303.1 0.0 0.0 0.0 0.0 2303.1 352.1 185.1 167.0 660.0 169.9 1182.0 189.1 189.1 992.9 0.0 163.0 1615.5 1310.0 95.5 2492.0 1104.7 1104.7 0.0 645.3 459.4 732.0 436.1 0.2 435.9 109.9 65.9 65.9 284.4 260.1 24.3 355.6 379.9 0.0 625.1 535.2 8.2 17.5 91.5 93.6 1047.8 66.3 0.0 0.0 0.0 25.2 9.8 18.9 494.7 2.9 39.5 19.8 14.8 7.0 44.3 1.0 -2.0 104.8

2007
285.8 2262.0 2547.8 0.0 0.0 0.0 0.0 2547.8 449.1 179.0 270.1 906.7 228.3 1584.1 280.5 280.5 1303.6 0.0 168.6 1648.2 1244.2 98.5 2828.3 1099.0 1099.0 0.0 643.8 455.2 732.6 454.3 0.1 454.2 135.2 85.7 57.2 244.7 233.3 11.4 331.8 343.2 0.0 564.7 483.4 11.0 16.1 95.3 96.7 891.5 66.7 0.0 0.0 0.0 29.8 5.8 17.8 372.2 3.4 41.3 15.9 11.2 7.5 38.9 -19.7 -0.5 89.1

2008
342.9 2444.6 2787.5 0.0 0.0 4.8 4.8 2792.3 546.4 158.1 388.3 1169.6 273.4 1989.4 402.0 406.8 1587.4 6.1 144.4 1697.2 1205.1 101.3 3194.5 1177.9 1177.9 0.0 711.4 466.5 812.3 477.9 0.5 477.4 140.1 102.9 68.6 244.5 234.4 10.1 335.7 345.8 0.2 494.9 426.9 14.6 14.9 95.9 97.1 812.9 69.0 0.1 0.0 8.2 29.3 22.4 17.1 327.8 3.7 40.5 13.9 9.8 8.1 36.9 -12.6 7.2 81.3

2009
411.5 2558.4 2969.9 0.0 0.0 6.7 6.7 2976.6 205.6 69.4 136.2 1715.8 261.4 2182.8 470.9 477.6 1711.9 8.3 -265.3 1860.2 1264.7 103.8 3447.5 1129.1 1129.1 0.0 668.8 460.3 836.5 495.0 1.8 493.2 118.0 205.8 0.0 184.3 169.4 14.9 273.2 288.1 0.2 463.5 408.0 16.1 14.3 91.9 94.8 721.7 74.1 0.4 0.2 21.7 23.9 25.7 16.6 182.3 6.9 43.7 12.0 9.1 8.6 32.8 -13.7 -4.1 72.2

455

Baluchistan Particle Board Ltd.

Imperial Court, 3rd Floor, Dr. Ziauddin Ahmed Road, Karachi-75530.

Management
Mr. Muslim R. Habib(Chairman / C.E.O.) Mr. Murtaza H. Habib(Director) Mr. Imran A. Habib(Director) Mr. Mansoob A. Akhtar(Director) Mr. Raza Abbas Jaffery(Director) Mr. Ghulam Abbas Karjatwala(Director) Mr. Ali A. Rahim(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 22nd October , 2009 30th June , 2009 Bank Al-Habib Ltd. Habib Bank Ltd.

Banker

Auditor
M/s. Hyder Bhimji & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

5.00 1.00 5.64 1.00 3.40

Production Desc
Urea formaldehyde Formaldehyde

Units
M.Tons M.Tons

Capacity
4,000 3,000

Actual Production
Nil Nil

Central Forest Products Ltd.

Central Chambers, Ireland Road, Karachi.

Management
Mr. Abdul Aziz H. Yaqoob(Chairman / C.E.O.) Mr. Aamir Aziz(Director) Mr. Muhammad Sharif H. Yaqoob(Director) Mrs. Qamarunnisa Aziz(Director) Mrs. Farhana Zain(Director) Mrs. Saira Adam(Director) Mrs. Fauzia Adnan(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 28th October , 2009 30th June , 2009 Bank Alfalah Ltd. My Bank Ltd.

Banker

Auditor
M/S Abdan & Co.

National Bank Of Pakistan MCB Bank Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 3.00 5.50 3.00 4.25

Production Desc
Plywood Sheets Door & Door Frames Sawing of timber

Units
Sq. Meters No. of doors Cubic feet

Capacity
750,000 150,000 200,000

Actual Production
106,401 Nil 26,016

456

Century Paper & Board Mills Ltd.

Lakson Square Building - 2, Sarwar Shaheed Road, Karachi-74200

Management
Mr. Iqbal Ali Lakhani(Chairman / C.E.O.) Mr. Tasleemuddin Ahmed Batlay(Director) Mr. A.Aziz H. Ebrahim(Director) Mr. Shahid Ahmed Khan(Director) Mr. Zulfiqar Ali Lakhani(Director) Mr. Amin Muhammad Lakhani(Director) Mr. Kamal Shoaib(NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Allied Bank Ltd. Braclays Bank Ltd.

Banker
The Royal Bank of Scotland Ltd.

Auditor
M/S BDO Ebrahim & Co.

National Bank Of Pakistan Oman International Bank S.A.O.G. The Hongkong & Shanghai Banking Corp. Ltd. Citi Bank N. A. 27th October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 13.19 49.90 12.52 28.01

Production Desc
Paper & paper board-produced Paper & paper board-conversion

Units
M.Tons M.Tons

Capacity
240,000 22,000

Actual Production
141,997 17,775

Cherat Papersack Ltd.

1st Floor, Betani Arcade, Jamrud Road, Peshawar.

Management
Mr. Mohammed Faruque(Chairman) Mr. Amer Faruque(Chief Executive) Mr. Saquib H. Shirazi(Director) Mr. Akbarali Pesnani(Director) Mr. Iqbal Faruque(Director) Mr. Mahmood Faruque(Director) Mr. Aslam Faruque(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Bank Al Habib Ltd.

Banker
Standard Chartered Bank ( Pakistan) Ltd. HSBC Bank Middle East Ltd. Allied Bank Of Pakistan Ltd. Habib Bank Ltd. MCB Bank Ltd. National Bank Of Pakistan 29th October , 2009 30th June , 2009 Face Value

Auditor
M/s. Ford Rhodes Sidat Hyder & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 36.15 130.00 21.53 64.10

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Bags

Units
Units in million

Capacity
265,000

Actual Production
122,439

457

Dadabhoy Sack Ltd.

C-30/II, 24th Commercial Street, Phase-2 (Ext.) D.H.A.Karachi.

Management
Mr. Mohammad Hussain Dadabhoy(Chairman) Mr. Fazal Karim Dadabhoy(Chief Executive) Mr. Mohammad Amin Dadabhoy(Director) Mr. Naseemuddin(Director) Mrs. Humaira Dadabhoy(Director) Mrs. Noor Bakht Dadabhoy(Director) Mrs. Yasmeen Dadabhoy(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th October , 2009 30th June , 2009 MCB Bank Ltd.

Banker
National Bank Of Pakistan Silk Bank Ltd. Prime Commercial Bank Ltd.

Auditor
M/s. A.R.Khan & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 3.00 22.30 2.20 14.32

Production Desc
Sack & paper products

Units
Million bags

Capacity
26

Actual Production
-

Merit Packaging Ltd.

Lakson Square Building No.2, Sarwar Shaheed Road, Karachi-74200.

Management
Mr. Iqbal Ali Lakhani(Chairman) Mr. Mohammad Shahid(Chief Executive) Mr. Amin Mohammed Lakhani(Director) Mr. A. Aziz H Ebrahim(Director) Mr. Kaleem Udden Ahmad (NIT)(Director) Mr. Muhammad Asif (NIT)(Director) Mr. Tasleemuddin Ahmed Batlay(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Faysal Bank Ltd. Citi Bank N. A. Habib Bank Ltd.

Banker

Auditor
BDO Ebrahim & Co.

Oman International Bank S.A.O.G. Deutsche Bank Ltd. JS Bank Ltd. Soneri Bank Ltd. Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 26.99 90.07 21.70 40.24

23rd October , 2009 30th June , 2009

Production Desc
Paper & paper products

Units
not determinable

Capacity

Actual Production

458

Packages Ltd.
4th Floor, The Forum, Suite No. 416-422, G-20, Block-9, Khyaban-e- Jami, Clifton, Karachi-75600.

Management
Mr. Towfiq Habib Chinoy(Chairman) Syed Hyder Ali(M.D. / C.E.O.) Mr. Khalid Yacob(Director) Syed Aslam Mehdi(Director) Mr. Shahid Aziz Siddiqui(Director) Mr. Mujeeb Rashid(Director) Mr. Matti llmari Naakka(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 32.5

Banker
The Royal Bank of Scotland Limited Askari Commercial Bank Ltd. Dubai Islamic Bank Limited Deutsche Bank A.G. Faysal Bank Limited MCB Bank Ltd. Allied Bank Limited 20th April , 2010 Face Value

Auditor
M/S A. F. Ferguson & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 144.00 193.90 79.20 148.84 2

31st December , 2009

Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Paper and paperboard- produced Paper and paperboard- converted Plastic all sorts-converted

Units
M. Tons M. Tons M. Tons

Capacity
290,360 128,000 19,500

Actual Production
180,067 120,298 17,000

Pakistan Paper Products Ltd.

Plot No.D-58, Estate Avenue, S.I.T.E., Karachi.

Management
Mr. Hashim Bin Sayeed(Chairman) Mr. Abid Sayeed(Chief Executive) Dr. Asadullah Sayeed(Director) Mr. Abbas Sayeed(Director) Mr. Aamir Ameen (NIT)(Director) Mr. Mohammed Ali Sayeed(Director) Mrs. Muleika Sayeed(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 20 30th September, 2009 30th June , 2009 Habib Bank Ltd. MCB Bank Ltd. Bank Al-Habib Ltd.

Banker

Auditor
M/s. Haider Shamsi & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 51.72 136.50 36.50 75.66 3

Production Desc
Exercise book Sensitised paper Pro- labels

Units
Gross Rolls Sqr. Meters

Capacity
58,632 216,000 1,150,000

Actual Production
54,419 81,131 1,665,778

459

Security Papers Ltd.

Jinnah Avenue, Malir Halt, Karachi.

Management
Mrs. Naiyer Muzafar Hussain (PSPC)(Chairperso Bank Al-Falah Ltd. Ms. Ayla Akin(Director) Mr. Hasan Irfan(Director) Mr. A. Akbar Sharifzada(Director) Mr. Firasat Ali (NIT)(Director) Mr. Mehdi Lori Amini (IDRO)(Director) Mr. Sheikh Mohammad Aijaz Akhtar(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 50 27th August , 2009 30th June , 2009

Banker
Bank Al-Habib Limited National Bank of Pakistan Faysal Bank Ltd. Standard Chartered Bank Ltd. Habib Metorpolitan Bank Ltd.

Auditor
M/s. Taseer Hadi & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 50.00 85.63 34.81 58.70 9

Production Desc
Paper printing

Units
Metric tons

Capacity
2,000

Actual Production
1,890

460

Cement Sector

Cement Sector
Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

27287.3 8024.1 35311.4 840.5 3857.7 18931.2 23629.4 58940.8

2005

2006

2007

2008

2009

30723.5 34757.2 41368.3 54881.2 55661.4 20652.4 39386.4 61220.5 65658.3 60481.1 51375.9 74143.6 102588.8 120539.5 116142.5 1028.5 1028.5 1028.5 1028.5 1028.5 8377.7 4904.6 5260.8 12796.7 7599.7 26091.3 52467.3 59031.2 52575.5 52006.5 35497.5 58400.4 65320.5 66400.7 60634.7 86873.4 132544.0 167909.3 186940.2 176777.2

8996.4 14143.9 25562.2 37773.8 34133.0 21153.6 3298.3 4349.7 6003.5 5304.4 5629.8 3566.2 5698.1 9794.2 19558.7 32469.4 28503.2 17587.4 9583.8 12886.0 15315.4 22953.0 45061.6 37035.4 2100.6 1774.8 2702.0 4221.7 6259.4 8512.8 20680.8 28804.7 43579.6 64948.5 85454.0 66701.8 25679.2 34232.0 43401.0 60025.5 77604.0 104019.4 49308.6 69729.5 101801.4 125346.0 144004.7 164654.1 -4998.4 -5427.3 178.6 4923.0 7850.0 -37317.6 29575.2 43796.0 72894.6 85354.0 102568.9 107684.6 -16682.8 -20088.1 -17838.8 -22251.7 -43471.0 -82865.8 86146.9 124507.3 165653.5 199971.8 233505.3 266920.9 63939.5 92300.7 132365.5 162986.3 179090.2 214094.8 2630.1 3277.2 3287.8 7054.9 7368.6 7683.4 84620.3 121105.4 175945.1 227934.8 264544.2 280796.6 45537.3 44760.2 777.1 36895.0 8642.3 39919.4 6185.7 1486.2 4699.5 622.2 1131.9 677.8 -1619.6 2945.4 -4565.0 5575.5 1010.5 40.1 80.5 72.4 139.6 5.6 551.8 129.4 87.7 24.0 3.3 5.0 13.2 1.8 13.3 360.2 3.2 10.3 1.7 1.5 4.1 53.8 325.0 18.8 12.9 60546.0 57803.7 2742.3 47984.2 12561.8 50440.0 12558.0 2140.0 10418.0 1055.8 835.5 1113.1 27932.6 8526.7 19405.9 11803.9 31209.8 40.9 84.1 79.0 135.7 8.6 30.5 37.8 167.2 83.3 17.0 3.5 4.9 10.1 1.8 20.3 1120.6 1.6 17.2 3.4 3.0 4.7 50.0 100.0 33.0 16.7 79237.1 74355.4 4881.7 56955.2 22281.9 59964.0 20129.4 3064.7 17064.7 1227.5 2270.2 687.5 45670.6 13567.0 32103.6 16854.8 48958.4 44.1 100.4 94.2 137.3 9.7 29.7 34.4 213.3 75.7 15.2 3.9 4.2 7.2 1.7 23.0 697.6 3.1 21.5 4.9 4.6 3.8 45.0 44.1 30.9 21.3 83473.5 111752.2 129758.6 75106.3 88896.1 87120.7 8367.2 22856.1 42637.9 73361.5 100879.2 94141.3 10112.0 10873.0 35617.3 77016.0 109506.5 109630.4 10406.3 4170.7 21903.7 5853.2 8680.1 14800.0 4553.1 -4509.4 7103.7 316.7 482.5 1247.9 1266.6 648.1 1850.8 0.0 117.1 386.4 35365.3 2969.8 32395.5 10024.7 42420.2 38.9 108.2 101.2 122.2 2.0 8.4 23.6 248.0 92.3 56.2 7.0 6.9 7.0 2.4 4.4 334.5 1.2 5.5 1.1 1.0 5.7 36.6 -77.6 5.3 24.8 19030.9 -10163.0 -5640.0 4005.0 24670.9 -14168.0 1728.6 26399.5 35.5 110.1 102.0 119.5 -1.7 -29.6 6.5 219.6 98.0 208.1 7.8 8.5 -10.7 3.6 -3.7 -770.2 0.5 -4.0 -0.8 -0.9 4.4 42.2 -172.7 33.9 22.0 11688.4 -2479.6 34.3 64.1 55.9 141.8 2.5 -39.4 -471.4 208.7 84.5 67.6 11.4 13.7 17.6 3.3 6.1 316.4 1.6 5.5 1.3 1.1 4.2 46.2 -262.5 16.1 20.9

463

Cement

Operating, Financial & Investment Ratios

150

100
%

50

2004

2005 Gearing ratio

2006 Debt equity ratio

2007 Current ratio

2008

2009

Al-Abbas Cement Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

380.9 103.3 484.2 0.0 0.0 262.5 262.5 746.7 1.2 1.2 0.0 25.8 225.4 252.4 951.2 1213.7 -698.8 635.8 -950.0 2096.6 1445.5 63.2 1697.9 903.1 903.1 0.0 844.2 58.9 857.0 46.2 20.5 25.7 0.0 0.0 0.0 -171.5 25.7 -197.2 88.9 -108.3 35.2 26.5 2.8 250.7 1.5 127.1 94.9 44.4 2.3 3.2 0.0 0.3 5.3 0.0 2.8 0.7 0.7 4.2 53.2 600.0 -14.4 12.7

2005
380.9 2.9 383.8 0.0 0.0 590.8 590.8 974.6 14.1 14.1 0.0 289.8 72.9 376.8 907.9 1498.7 -531.1 688.0 -893.8 2217.1 1505.8 61.0 1882.6 687.9 687.9 0.0 726.9 -39.0 752.1 -40.1 32.5 -72.6 2.4 0.0 0.0 227.9 -75.0 302.9 -14.0 288.9 60.6 41.5 33.5 390.5 -3.9 -32.9 -4.8 100.8 109.3 4.7 4.7 2.4 -18.9 0.0 -10.6 -1.9 -2.0 4.2 36.5 -371.4 -23.8 10.1

2006
1142.8 17.0 1159.8 0.0 0.0 1889.7 1889.7 3049.5 118.1 118.1 0.0 366.0 136.9 621.0 769.3 2659.0 -148.3 2026.0 -651.2 3970.3 3197.8 61.1 3818.8 1259.0 1172.9 86.1 1232.5 26.5 1262.4 -1.6 73.4 -75.0 4.6 0.0 0.0 2074.9 -79.6 2154.5 -18.5 2136.0 62.0 80.7 62.9 229.3 -2.0 -3.8 -0.9 101.5 100.3 -4587.5 5.8 3.6 -6.1 2.0 -6.5 0.0 0.0 -6.0 -0.7 -0.7 4.1 33.0 -63.2 83.0 10.1

2007
1142.8 238.1 1380.9 0.0 0.0 1730.6 1730.6 3111.5 2.4 2.4 0.0 428.7 144.8 575.9 1331.3 3061.9 -755.4 2327.3 -1328.9 4705.3 3866.8 69.5 4442.7 285.5 285.5 0.0 414.7 -129.2 443.4 -152.0 16.7 -168.7 1.1 0.0 0.0 62.0 -169.8 231.8 -100.3 131.5 55.6 43.3 32.4 221.7 -3.8 -273.9 -76.3 120.8 155.3 -11.0 5.8 0.7 -0.7 0.3 -12.2 0.0 0.0 -59.1 -1.5 -1.5 2.2 6.4 114.3 -77.3 12.1

2008
1828.5 -232.8 1595.7 0.0 0.0 2512.3 2512.3 4108.0 9.4 9.4 0.0 784.4 243.3 1037.1 1166.0 3678.3 -128.9 2721.5 -1156.6 5143.3 4236.8 68.0 5273.9 1362.7 639.5 723.2 1247.4 115.3 1403.8 -40.5 88.3 -128.8 7.2 0.0 0.0 996.5 -136.0 1132.5 -68.0 1064.5 61.2 88.9 68.1 230.5 -2.4 -13.6 -6.4 87.3 103.0 -218.0 6.5 3.2 -5.6 21.9 -8.1 0.0 0.0 -9.5 -0.7 -0.7 1.8 25.8 -53.3 377.3 8.7

2009
1829.0 -111.0 1718.0 0.0 0.0 2506.4 2506.4 4224.4 12.4 12.4 0.0 1084.2 472.3 1568.9 1699.6 4206.0 -130.7 3001.8 -1687.2 5366.4 4355.0 105.4 5923.9 2982.7 930.8 2051.9 2282.3 700.4 2703.5 309.3 351.2 -41.9 23.0 0.0 0.0 116.4 -64.9 181.3 40.5 221.8 59.3 92.3 64.5 244.8 -0.7 -55.8 18.3 93.9 90.6 113.5 11.8 11.7 -54.9 1.4 -2.4 0.0 0.0 -1.4 -0.2 -0.4 2.5 50.4 -71.4 118.9 9.4

465

Attock Cement Pakistan Ltd

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

721.6 586.9 1308.5 0.0 0.0 14.3 14.3 1322.8 117.4 107.7 9.7 426.0 197.3 740.7 527.3 541.6 213.4 22.9 -409.9 2941.9 1109.4 115.6 1850.1 2665.4 2665.4 0.0 2052.2 613.2 2232.3 465.7 9.0 456.7 119.1 90.2 0.0 181.7 247.4 -65.7 363.0 297.3 1.1 140.5 103.1 41.4 24.7 136.2 122.1 181.3 83.8 1.9 0.3 39.3 26.1 0.2 34.9 374.3 6.9 17.1 6.3 4.7 13.0 144.1 -78.9 16.8 18.1

2005
721.6 1400.4 2122.0 0.0 0.0 556.8 556.8 2678.8 173.1 168.6 4.5 524.8 162.3 860.2 728.5 1285.3 131.7 564.4 -555.4 4455.5 2547.0 106.8 3407.2 3518.3 3518.3 0.0 2490.7 1027.6 2731.0 1172.2 11.3 1160.9 273.0 90.2 0.0 1356.0 797.7 558.3 904.5 1462.8 20.8 118.1 95.8 60.6 34.1 58.8 61.8 294.1 77.6 1.0 0.3 2.0 23.5 0.1 54.7 984.4 4.3 33.0 16.1 12.3 9.6 103.3 155.6 32.0 29.4

2006
721.6 2231.6 2953.2 0.0 0.0 973.3 973.3 3926.5 99.4 94.9 4.5 368.9 167.2 635.5 944.9 1918.2 -309.4 1304.9 -845.5 6247.8 4236.1 104.7 4871.6 4703.8 4703.8 0.0 3038.7 1665.1 3293.6 1418.7 25.4 1393.3 487.0 360.8 0.0 1247.7 545.5 702.2 650.2 1352.4 24.8 67.3 49.6 65.0 28.6 43.7 48.1 409.3 70.0 1.8 0.5 1.9 35.0 0.5 47.2 251.2 12.2 29.6 19.3 12.6 4.1 96.6 19.9 33.7 40.9

2007
721.6 2674.4 3396.0 0.0 0.0 822.6 822.6 4218.6 473.8 265.8 208.0 592.2 276.4 1342.4 1567.0 2389.6 -224.6 838.1 -1093.2 6812.5 4443.2 367.2 5785.6 6237.2 6237.2 0.0 4682.5 1554.7 4965.0 1295.5 102.1 1193.4 22.8 324.7 0.0 292.1 845.9 -553.8 1213.1 659.3 19.5 85.7 68.0 70.4 20.6 289.6 184.0 470.6 79.6 7.9 1.6 12.2 1.9 0.3 35.1 360.5 9.6 19.1 16.5 16.2 8.7 107.8 -14.5 32.6 47.1

2008
721.6 2810.0 3531.6 0.0 0.0 622.5 622.5 4154.1 299.5 111.0 188.5 828.7 409.5 1537.7 1716.9 2339.4 -179.2 822.6 -1417.4 6955.9 4333.4 401.2 5871.1 6770.8 6770.8 0.0 5666.4 1104.4 5969.7 828.9 153.9 675.0 57.7 324.7 0.0 -64.5 292.6 -357.1 693.8 336.7 15.0 89.6 65.7 66.2 11.5 -453.6 206.1 489.4 88.2 18.6 2.3 18.7 8.5 0.7 19.1 190.1 9.2 10.0 9.4 8.6 9.0 115.3 -43.0 8.6 48.9

2009
721.6 4056.2 4777.8 0.0 0.0 422.5 422.5 5200.3 1433.6 871.8 561.8 1094.3 613.9 3141.8 1772.4 2194.9 1369.4 622.5 -338.8 7039.6 3831.0 474.4 6972.8 8510.1 6020.9 2489.2 5801.1 2709.0 6568.1 2108.5 119.8 1988.7 595.4 360.8 144.3 1046.2 1032.5 13.7 1506.9 1520.6 8.1 177.3 142.6 45.9 28.5 98.7 99.1 662.1 77.2 5.7 1.4 19.2 29.9 0.5 41.6 386.2 7.6 23.4 27.6 19.3 11.7 122.0 193.6 25.7 66.2

466

Bestway Cement Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

1934.7 745.7 2680.4 0.0 0.0 1895.4 1895.4 4575.8 2156.0 293.2 1862.8 519.1 113.1 2788.2 1412.5 3307.9 1375.7 2536.7 743.5 4777.7 3200.2 196.2 5988.4 3801.2 3801.2 0.0 2730.8 1070.4 2851.3 1068.9 139.1 929.8 22.2 193.5 193.5 677.8 714.1 -36.3 910.3 874.0 41.4 197.4 189.4 123.4 15.5 105.4 104.2 138.5 75.0 13.0 3.7 5.5 2.4 1.1 34.7 469.0 7.2 24.5 4.8 4.7 5.9 63.5 500.0 27.0 13.9

2005
2128.2 1485.5 3613.7 0.0 0.0 3148.5 3148.5 6762.2 3032.2 605.6 2426.6 788.9 93.4 3914.5 2261.8 5410.3 1652.7 4372.1 770.4 6889.3 5109.4 203.8 9023.9 4905.9 4905.9 0.0 3356.9 1549.0 3540.0 1437.6 139.6 1298.0 26.9 193.5 193.5 2186.4 1077.6 1108.8 1281.4 2390.2 46.6 173.1 168.9 149.7 14.4 49.3 53.6 169.8 72.2 9.7 2.8 3.2 2.1 0.0 35.9 656.9 5.4 26.5 6.1 6.0 6.4 54.4 27.1 29.1 17.0

2006
2341.0 2509.0 4850.0 0.0 0.0 9458.8 9458.8 14308.8 5404.5 419.6 4984.9 1497.4 150.3 7052.2 3709.2 13168.0 3343.0 11235.8 1695.3 12944.6 10965.9 201.5 18018.1 6131.1 6131.1 0.0 3837.6 2293.5 4071.2 2199.1 468.7 1730.4 27.7 212.8 212.8 7546.6 1489.9 6056.7 1691.4 7748.1 66.1 190.1 186.1 271.5 9.6 19.7 21.8 207.2 66.4 21.3 7.6 4.2 1.6 0.5 35.7 800.1 4.4 28.2 7.4 7.3 3.6 34.0 21.3 25.0 20.7

2007
2575.1 3406.1 5981.2 0.0 0.0 12607.1 12607.1 18588.3 6401.1 886.3 5514.8 1937.0 290.8 8628.9 4493.2 17100.3 4135.7 13363.5 1907.9 16577.7 14452.5 1978.7 23081.4 8409.4 8409.4 0.0 7396.6 1012.8 7538.0 1268.0 1211.7 56.3 4.8 0.0 0.0 4279.5 51.5 4228.0 2030.2 6258.2 67.8 192.0 185.6 285.9 0.2 1.2 32.4 232.3 89.6 95.6 14.4 9.1 8.5 1.0 0.9 0.0 0.0 0.7 0.2 0.2 18.0 36.4 -97.3 37.2 23.2

2008
2832.6 4023.9 6856.5 0.0 0.0 12764.8 12764.8 19621.3 5937.8 348.6 5589.2 2743.5 729.7 9411.0 5794.2 18559.0 3616.8 16275.8 143.6 18606.9 16004.5 431.9 25415.5 10669.6 10669.6 0.0 9661.3 1008.3 10082.0 817.1 1236.1 -419.0 37.5 0.0 0.0 1033.0 -456.5 1489.5 -24.6 1464.9 65.1 162.4 149.8 270.7 -1.6 -44.2 -1.7 242.1 94.5 151.3 11.6 7.6 -8.9 3.4 -6.1 0.0 0.0 -3.9 -1.5 -1.6 3.0 42.0 -850.0 26.9 24.2

2009
3257.5 4958.1 8215.6 0.0 0.0 11979.8 11979.8 20195.4 5750.1 452.2 5297.9 4424.8 1056.3 11231.2 8027.1 20006.9 3204.1 17695.1 -2277.0 20274.0 16991.3 584.9 28222.5 14814.8 14814.8 0.0 10044.5 4770.3 11652.0 3490.8 2286.1 1204.7 70.5 0.0 0.0 574.1 1134.2 -560.1 1719.1 1159.0 59.3 139.9 126.8 243.5 4.3 197.6 148.3 252.2 78.7 65.5 15.4 12.9 5.9 3.9 14.7 0.0 0.0 8.1 3.7 3.5 3.7 52.5 -346.7 38.9 25.2

467

Cherat Cement Company Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

531.9 696.0 1227.9 0.0 0.0 194.3 194.3 1422.2 396.3 386.4 9.9 454.1 79.9 930.3 759.8 954.1 170.5 295.0 -363.5 3097.3 1251.7 139.4 2182.0 2466.8 2466.8 0.0 1751.6 715.2 1886.7 592.8 19.1 573.7 147.4 212.8 133.0 119.0 213.5 -94.5 352.9 258.4 13.7 122.4 111.9 77.7 26.3 179.4 136.6 230.9 76.5 3.2 0.8 6.5 25.7 0.0 46.7 200.3 17.3 23.3 10.8 8.0 10.9 113.1 2060.0 3.9 23.1

2005
664.9 1087.6 1752.5 0.0 0.0 813.7 813.7 2566.2 758.5 750.8 7.7 582.3 88.5 1429.3 636.6 1450.3 792.7 894.3 121.9 2377.9 1773.5 143.0 3202.8 3205.5 2663.9 541.6 2349.1 856.4 2512.2 718.0 34.0 684.0 178.4 212.8 133.0 1144.0 292.8 851.2 435.8 1287.0 31.7 224.5 210.6 82.8 21.4 25.6 33.9 263.6 78.4 4.7 1.1 3.8 26.1 0.1 39.0 237.6 12.1 21.3 10.3 7.6 11.4 100.1 -4.6 29.9 26.4

2006
831.1 1281.8 2112.9 0.0 0.0 650.0 650.0 2762.9 557.8 383.5 174.3 639.0 145.2 1342.0 849.0 1499.0 493.0 873.7 -291.2 4413.6 2269.8 162.7 3611.8 3010.6 2149.4 861.2 2064.9 945.7 2252.9 799.2 80.4 718.8 47.6 83.1 124.7 196.7 588.1 -391.4 750.8 359.4 23.5 158.1 141.0 70.9 19.9 299.0 208.9 254.2 74.8 10.1 2.7 9.2 6.6 0.0 34.0 807.7 3.9 23.9 8.6 8.1 9.2 83.4 -16.5 -6.1 25.4

2007
955.8 1280.8 2236.6 0.0 0.0 437.5 437.5 2674.1 550.1 75.5 474.6 669.0 117.3 1336.4 859.3 1296.8 477.1 744.7 -309.2 4571.5 2197.0 236.5 3533.4 3448.8 2639.2 809.6 3071.1 377.7 3242.2 322.6 75.5 247.1 77.1 95.6 0.0 -88.8 74.4 -163.2 310.9 147.7 16.4 155.5 141.9 58.0 7.0 -83.8 210.5 234.0 94.0 23.4 2.2 10.1 31.2 0.1 11.0 177.8 4.3 7.2 2.6 1.8 10.4 97.6 -69.8 14.6 23.4

2008
955.8 1202.3 2158.1 0.0 0.0 380.5 380.5 2538.6 169.5 65.5 104.0 1483.2 207.5 1860.2 1843.7 2224.2 16.5 1052.4 -1674.2 5068.5 2522.0 176.7 4382.2 3881.0 2746.0 1135.0 3701.6 179.4 3875.0 25.1 81.6 -56.5 15.1 0.0 0.0 -135.5 -71.6 -63.9 105.1 41.2 15.0 100.9 89.6 103.1 -1.3 52.8 255.1 225.8 99.8 325.1 2.1 7.8 -26.7 0.0 -2.6 0.0 0.0 -1.5 -0.6 -0.7 8.0 88.6 -123.1 12.5 22.6

2009
955.8 1306.7 2262.5 0.0 0.0 1087.5 1087.5 3350.0 175.0 60.7 114.3 1023.7 280.6 1479.3 1387.6 2475.1 91.7 1764.9 -1212.6 5992.9 3258.4 195.9 4737.7 4567.4 3012.3 1555.1 3896.6 670.8 4203.8 371.4 114.4 257.0 16.9 0.0 0.0 811.4 240.1 571.3 436.0 1007.3 32.5 106.6 86.4 109.4 5.4 29.6 43.3 236.7 92.0 30.8 2.5 6.5 6.6 1.3 11.4 0.0 0.0 5.6 2.7 2.5 7.8 96.4 -550.0 17.7 23.7

468

D.G. Khan Cement Company Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

1676.3 4427.5 6103.8 353.5 199.9 2260.6 2814.0 8917.8 2858.5 84.0 2774.5 1136.8 298.5 4293.8 2796.8 5610.8 1497.0 4308.4 61.7 11778.1 7420.8 338.9 11714.6 5697.6 5392.4 305.2 4312.1 1385.5 4481.0 1345.1 189.3 1155.8 28.7 286.8 167.6 951.7 840.3 111.4 1179.2 1290.6 31.6 153.5 142.9 91.9 9.9 88.3 91.4 364.1 78.6 14.1 3.3 4.4 2.5 0.0 18.9 393.0 4.7 20.3 6.9 6.7 5.3 48.6 228.6 10.6 36.4

2005
1843.9 7519.8 9363.7 0.0 0.0 5031.2 5031.2 14394.9 5473.6 93.8 5379.8 1504.2 101.0 7078.8 3621.5 8652.7 3457.3 6591.5 1852.1 15637.3 10937.7 357.1 18016.5 7372.2 6730.8 641.4 5423.3 1948.9 5654.5 2425.4 304.0 2121.4 40.0 251.4 167.6 5477.1 1830.0 3647.1 2187.1 5834.2 35.0 195.5 192.7 92.4 11.8 33.4 37.5 507.8 76.7 12.5 4.1 4.6 1.9 1.0 22.7 827.9 2.7 28.8 11.5 11.3 4.8 40.9 66.7 29.4 50.8

2006
1843.9 17424.3 19268.2 0.0 0.0 7401.4 7401.4 26669.6 13103.2 77.2 13026.0 1398.5 226.3 14728.0 7634.9 15036.3 7093.1 11591.2 5468.3 24591.3 19576.5 349.5 34304.5 10955.9 10348.1 607.8 6993.1 3962.8 7341.3 3899.1 450.7 3448.4 40.5 276.6 184.4 12274.7 3131.3 9143.4 3480.8 12624.2 27.8 192.9 189.9 78.0 10.1 25.5 27.6 1045.0 67.0 11.6 4.1 3.9 1.2 0.7 17.9 1232.1 1.4 31.5 18.7 18.5 3.2 31.9 62.6 48.6 104.5

2007
2535.4 31387.8 33923.2 0.0 0.0 8687.6 8687.6 42610.8 25224.5 116.2 25108.3 2066.8 295.1 27586.4 9133.5 17821.1 18452.9 14669.7 16091.0 29666.8 24158.0 494.2 51744.4 9399.1 8887.3 511.8 7367.1 2032.0 7675.7 2188.7 468.2 1720.5 33.0 380.3 0.0 15941.2 1307.2 14634.0 1801.4 16435.4 20.4 302.0 298.8 52.5 3.3 8.2 11.0 1338.0 81.7 21.4 5.0 3.2 1.9 1.5 5.1 443.7 1.1 18.3 6.8 6.7 2.5 18.2 -63.6 -14.2 133.8

2008
2535.4 27544.8 30080.2 0.0 0.0 8411.1 8411.1 38491.3 22104.7 226.4 21878.3 3971.1 445.9 26521.7 13501.6 21912.7 13020.1 18695.7 8603.1 32265.5 25471.3 1363.0 51993.0 17473.5 14732.4 2741.1 15537.3 1936.2 16806.7 1590.9 1766.3 -175.4 108.2 0.0 0.0 -4119.5 -283.6 -3835.9

2009
3042.5 17875.9 20918.4 0.0 0.0 4375.8 4375.8 25294.2 11202.3 243.8 10958.5 6275.1 899.8 18377.2 17428.7 21804.5 948.5 18208.3 -6226.4 32500.5 24345.8 1368.9 42723.0 18038.2 12236.2 5802.0 12358.5 5679.7 15425.1 3383.2 2606.4 776.8 128.7 0.0 0.0 -13197.1 648.1 -13845.2

1079.4 2017.0 -2756.5 -11828.2 21.9 196.4 193.1 72.8 -0.3 6.9 -39.2 1186.4 96.2 111.0 10.1 9.4 -61.7 2.1 -0.6 0.0 0.0 -1.0 -0.7 -1.1 5.6 33.6 -110.3 85.9 118.6 17.3 105.4 100.3 104.2 1.8 -4.9 -17.1 687.5 85.5 77.0 14.4 14.3 16.6 2.8 3.7 0.0 0.0 4.3 2.6 2.1 6.0 42.2 -471.4 3.2 68.8

469

Dadabhoy Cement Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

438.6 753.0 1191.6 0.0 0.0 1095.0 1095.0 2286.6 72.7 21.2 51.5 222.1 46.4 341.2 906.2 2001.2 -565.0 1234.7 -833.5 3518.9 2851.5 67.4 3192.7 1310.8 1310.8 0.0 1068.4 242.4 1166.2 147.5 137.3 10.2 4.3 0.0 0.0 -63.5 5.9 -69.4 73.3 3.9 47.9 37.7 32.5 167.9 0.3 1879.5 271.7 89.0 93.1 10.5 11.1 42.2 2.5 0.9 0.0 0.8 0.2 0.1 2.4 41.1 -300.0 9.5 27.2

2005
438.6 861.1 1299.7 0.0 0.0 1012.9 1012.9 2312.6 97.0 43.9 53.1 263.2 51.9 412.1 925.8 1938.7 -513.7 1083.9 -828.8 3557.2 2826.2 75.8 3238.3 1852.6 1852.6 0.0 1484.5 368.1 1606.6 254.8 141.0 113.8 0.0 0.0 0.0 26.0 113.8 -87.8 189.6 101.8 43.8 44.5 38.9 149.2 3.5 437.7 186.2 296.3 86.7 55.3 7.6 13.0 0.0 1.4 8.8 0.0 6.1 2.6 2.6 2.7 57.2 1200.0 41.3 29.6

2006
438.6 811.8 1250.4 0.0 0.0 1137.7 1137.7 2388.1 121.0 13.0 108.0 396.8 3.5 521.3 1050.6 2188.3 -529.3 1300.5 -929.6 3745.9 2917.4 85.4 3438.7 1982.9 1692.9 290.0 1495.3 487.6 1661.2 325.3 152.1 173.2 8.0 0.0 0.0 75.5 165.2 -89.7 250.6 160.9 47.6 49.6 49.3 175.0 5.0 218.8 155.7 285.1 83.8 46.8 7.7 11.7 4.6 0.1 13.9 0.0 0.0 8.7 3.9 3.8 3.0 57.7 50.0 7.0 28.5

2007
438.6 1256.1 1694.7 0.0 0.0 800.0 800.0 2494.7 213.9 4.9 209.0 217.3 63.1 494.3 1021.4 1821.4 -527.1 808.2 -807.5 3880.1 3021.9 88.5 3516.2 992.0 886.1 105.9 986.8 5.2 1156.5 154.8 5.8 149.0 4.9 0.0 0.0 106.6 144.1 -37.5 232.6 195.1 32.1 48.4 42.2 107.5 4.2 135.2 119.2 386.4 116.6 3.7 0.6 0.7 3.3 0.0 8.8 0.0 0.0 15.0 3.4 3.3 3.0 28.2 -12.8 -50.0 38.6

2008
982.4 1215.1 2197.5 0.0 0.0 750.9 750.9 2948.4 12.4 9.3 3.1 297.9 56.1 366.4 1671.1 2422.0 -1304.7 784.3 -1658.7 4510.5 4253.0 42.6 4619.4 542.5 521.7 20.8 569.2 -26.7 732.1 -182.8 39.4 -222.2 2.5 0.0 0.0 453.7 -224.7 678.4 -182.1 496.3 25.5 21.9 18.6 110.2 -4.8 -49.5 -36.7 223.7 134.9 -21.6 7.3 5.0 -1.1 0.0 -10.1 0.0 0.0 -41.0 -2.3 -2.3 1.1 11.7 -167.6 -45.3 22.4

2009
982.4 928.9 1911.3 0.0 0.0 602.6 602.6 2513.9 209.7 2.1 207.6 351.7 44.0 605.4 1450.9 2053.5 -845.5 632.3 -1241.2 3655.9 3359.5 20.9 3964.9 30.0 30.0 0.0 50.4 -20.4 114.5 -51.8 7.8 -59.6 0.0 196.5 196.5 -434.5 -256.1 -178.4 -235.2 -413.6 24.0 41.7 38.7 107.4 -1.5 58.9 56.9 194.6 381.7 -15.1 26.0 1.2 0.0 3.0 -3.1 -30.3 10.3 -198.7 -0.6 -0.6 0.6 0.8 -73.9 -94.5 19.5

470

Dandot Cement Company Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

678.4 -367.0 311.4 0.0 0.0 456.1 456.1 767.5 20.1 20.1 0.0 191.0 9.6 220.7 1424.9 1881.0 -1204.2 608.9 -1404.8 3491.1 1971.7 114.8 2192.4 1212.0 1212.0 0.0 1219.0 -7.0 1286.1 -63.6 59.6 -123.2 0.0 0.0 0.0 159.1 -123.2 282.3 -8.4 273.9 59.4 15.5 14.8 604.0 -5.6 -77.4 -3.1 45.9 106.1 4.9 9.8 0.3 -39.6 0.0 -10.2 -1.8 -1.8 5.7 55.3 -84.9 20.0 4.6

2005
678.4 -331.0 347.4 0.0 0.0 344.3 344.3 691.7 8.0 8.0 0.0 209.6 39.2 256.8 1447.5 1791.8 -1190.7 428.5 -1439.5 3509.2 1882.3 107.5 2139.1 1577.1 1577.1 0.0 1510.4 66.7 1585.5 6.6 68.3 -61.7 5.5 0.0 0.0 -75.8 -67.2 -8.6 40.3 31.7 49.8 17.7 15.0 515.8 -2.9 127.1 51.2 100.5 1034.8 4.3 15.9 0.1 -17.8 0.0 -3.9 -0.9 -1.0 5.5 73.7 -50.0 30.1 5.1

2006
678.4 -318.3 360.1 0.0 0.0 385.1 385.1 745.2 84.7 84.7 0.0 249.8 32.2 366.7 1418.5 1803.6 -1051.8 573.3 -1333.8 3524.8 1797.0 101.3 2163.7 1963.0 1963.0 0.0 1742.6 220.4 1815.7 154.8 90.9 63.9 7.2 0.0 0.0 53.5 56.7 -3.2 158.0 154.8 51.7 25.9 23.6 500.9 3.0 106.0 102.1 53.1 92.5 58.7 4.6 15.9 11.3 0.0 17.7 0.0 0.0 3.3 0.9 0.8 5.4 90.7 -200.0 24.5 5.3

2007
678.4 -201.6 476.8 0.0 0.0 723.9 723.9 1200.7 14.0 14.0 0.0 520.7 30.4 565.1 1823.6 2547.5 -1258.5 1092.6 -1809.6 4245.5 2459.2 67.3 3024.3 1372.6 1372.6 0.0 1580.0 -207.4 1657.5 -266.6 171.6 -438.2 4.5 0.0 0.0 455.5 -442.7 898.2 -375.4 522.8 60.3 31.0 29.3 534.3 -14.5 -97.2 -71.8 70.3 120.8 -64.4 12.5 15.7 -1.0 0.0 -91.9 0.0 0.0 -31.9 -6.5 -6.5 3.7 45.4 -822.2 -30.1 7.0

2008
948.4 -620.7 327.7 0.0 0.0 1020.0 1020.0 1347.7 10.3 10.3 0.0 512.0 42.2 564.5 1754.2 2774.2 -1189.7 1396.5 -1743.9 4411.4 2537.4 88.1 3101.9 828.7 814.3 14.4 1065.3 -236.6 1157.7 -328.7 227.7 -556.4 2.9 0.0 0.0 147.0 -559.3 706.3 -471.2 235.1 75.7 32.2 29.8 846.6 -17.9 -380.5 -200.4 34.6 139.7 -69.3 27.5 16.3 -0.5 0.1 -169.8 0.0 0.0 -67.1 -5.9 -5.9 3.6 26.7 -9.2 -39.6 3.5

2009
948.4 -930.9 17.5 0.0 0.0 1020.0 1020.0 1037.5 3.9 3.9 0.0 563.0 19.2 586.1 2053.2 3073.2 -1467.1 1497.5 -2049.3 4462.3 2504.6 84.3 3090.7 1146.0 1144.2 1.8 1230.9 -84.9 1338.6 -191.7 266.0 -457.7 0.0 0.0 0.0 -310.2 -457.7 147.5 -373.4 -225.9 98.3 28.5 27.6 17561.1 -14.8 147.5 165.3 1.8 116.8 -138.8 23.2 17.8 0.0 0.0 -2615.4 0.0 0.0 -39.9 -4.8 -4.8 3.3 37.1 -18.6 38.3 0.2

471

Dewan Cement Ltd. (Pakland Cement Ltd.)

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

825.0 836.9 1661.9 0.0 3346.9 4.9 3351.8 5013.7 828.1 22.1 806.0 290.3 28.9 1147.3 1537.8 4889.6 -390.5 3515.2 -709.7 6658.6 5404.3 215.9 6551.6 2032.9 2032.3 0.6 2015.9 17.0 2332.9 -270.2 17.6 -287.8 6.9 0.0 0.0 -2561.5 -294.7 -2266.8 -78.8 -2345.6 66.9 74.6 72.7 294.2 -4.4 201.4 114.8 0.9 0.5 1.5 -17.3 0.0 -14.2 -3.5 -3.6 3.0 31.0 -488.9 16.9 20.1

2005
825.0 1448.9 2273.9 0.0 2850.7 0.3 2851.0 5124.9 915.2 108.1 807.1 721.6 132.3 1769.1 2116.6 4967.6 -347.5 3159.4 -1201.4 6995.2 5472.4 268.6 7241.5 2757.0 2757.0 0.0 2417.6 339.4 2478.6 350.6 235.5 115.1 9.5 0.0 0.0 111.2 105.6 5.6 374.2 379.8 55.6 83.6 77.3 218.5 1.6 95.0 98.5 275.6 89.9 67.2 8.5 7.5 8.3 3.2 5.1 0.0 4.2 1.4 1.3 5.0 38.1 -140.0 35.6 27.6

2006
1650.0 1221.6 2871.6 0.0 2629.8 440.2 3070.0 5941.6 1037.1 76.8 960.3 894.3 186.7 2118.1 2290.3 5360.3 -172.2 3603.3 -1253.2 7903.0 6113.8 268.0 8231.9 3760.3 3717.6 42.7 3016.9 743.4 3128.1 741.9 262.6 479.3 13.4 0.0 0.0 816.7 465.9 350.8 733.9 1084.7 51.7 92.5 84.3 186.7 5.8 57.0 67.7 174.0 83.2 35.4 7.0 7.3 2.8 2.2 16.7 0.0 0.0 12.7 2.9 2.8 4.9 45.7 107.1 36.4 17.4

2007
3573.8 5192.8 8766.6 0.0 4410.8 2550.9 6961.7 15728.3 233.7 224.5 9.2 2318.1 302.8 2854.6 6430.7 13392.4 -3576.1 8832.4 -6197.0 20782.7 19304.4 463.4 22159.0 6307.3 6144.3 163.0 5696.8 610.5 5873.0 718.1 553.1 165.0 21.6 0.0 0.0 9786.7 143.4 9643.3 606.8 10250.1 44.3 44.4 39.7 152.8 0.7 1.5 5.9 245.3 93.1 77.0 8.8 6.3 13.1 8.1 1.9 0.0 0.0 2.6 0.5 0.4 3.6 28.5 -82.8 67.7 24.5

2008
3573.8 4749.7 8323.5 0.0 3850.0 2364.4 6214.4 14537.9

2009
3573.8 4656.0 8229.8 0.0 0.0 1287.8 1287.8 9517.6

137.3 124.5 132.6 122.3 4.7 2.2 1418.8 1072.9 127.8 384.2 1683.9 1581.6 7073.2 12079.2 13287.6 13367.0 -5389.3 -10497.6 8076.4 3695.6 -6935.9 -11954.7 21945.0 19927.2 540.0 21611.1 6588.4 6085.0 503.4 6696.7 -108.3 7126.6 -257.2 325.1 -582.3 23.0 0.0 0.0 -1190.4 -605.3 -585.1 -65.3 -650.4 42.7 23.8 22.0 159.6 -2.7 50.8 10.0 232.9 108.2 -126.4 4.9 4.0 -3.9 10.9 -7.0 0.0 0.0 -8.8 -1.6 -1.7 2.8 30.5 -420.0 4.5 23.3 22475.2 20015.1 461.8 21596.7 5682.5 4662.0 1020.5 5249.2 433.3 5626.8 86.6 463.2 -376.6 10.2 0.0 0.0 -5020.3 -386.8 -4633.5 75.0 -4558.5 13.5 13.1 9.9 162.4 -1.7 7.7 -1.6 230.3 99.0 534.9 8.2 12.5 -2.7 5.6 -4.6 0.0 0.0 -6.6 -1.1 -1.1 2.3 26.3 -31.3 -13.7 23.0

472

Fauji Cement Company Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

3707.4 -2215.0 1492.4 487.0 0.0 3558.8 4045.8 5538.2 197.1 197.1 0.0 922.4 61.6 1181.1 372.1 4417.9 809.0 3645.3 -175.0 6291.2 4729.3 251.7 5910.4 3247.3 3247.3 0.0 2506.4 740.9 3329.0 -39.0 204.2 -243.2 12.6 0.0 0.0 459.5 -255.8 715.3 -4.1 711.2 73.1 317.4 300.9 296.0 -4.1 -55.7 -0.6 40.3 102.5 6.3 5.6 1.4 -16.3 0.0 -7.5 -0.7 -0.7 5.4 54.9 -50.0 30.5 4.0

2005
3707.4 -1699.6 2007.8 487.0 0.0 2522.0 3009.0 5016.8 603.1 603.1 0.0 847.4 55.9 1506.4 1207.0 4216.0 299.4 3383.9 -603.9 6750.8 4717.3 256.3 6223.7 3921.3 3627.8 293.5 2839.8 1081.5 2943.9 988.6 229.6 759.0 15.7 0.0 0.0 -521.4 743.3 -1264.7 999.6 -265.1 60.0 124.8 120.2 210.0 12.2 54.2 75.1 23.2 5.9 6.8 2.1 2.7 37.8 0.0 19.4 2.0 2.0 5.4 63.0 -385.7 20.8 5.4

2006
3707.4 -903.9 2803.5 487.0 0.0 1425.0 1912.0 4715.5 847.6 847.6 0.0 642.3 145.1 1635.0 1482.6 3394.6 152.4 2211.4 -635.0 6848.5 4563.1 266.5 6198.1 5683.4 5194.6 488.8 3492.3 2191.1 3684.8 2041.9 264.3 1777.6 21.4 370.7 0.0 -301.3 1385.5 -1686.8 1652.0 -34.8 40.5 110.3 100.5 121.1 28.7 -459.8 -4747.1 75.6 64.8 12.9 4.7 12.0 1.2 0.4 63.4 473.8 13.2 31.3 4.8 4.7 5.7 91.7 140.0 44.9 7.6

2007
3707.4 -459.2 3248.2 487.0 0.0 875.0 1362.0 4610.2 423.1 423.1 0.0 1401.8 183.3 2008.2 1790.5 3152.5 217.7 1250.5 -1367.4 6960.2 4392.5 283.5 6400.7 4780.0 4354.1 425.9 3688.5 1091.5 3858.5 995.3 207.1 788.2 17.3 0.0 0.0 -105.3 770.9 -876.2 1054.4 178.2 29.5 112.2 101.9 97.1 12.3 -732.1 591.7 87.6 80.7 20.8 4.3 16.6 2.2 0.4 24.3 0.0 0.0 16.5 2.1 2.1 6.2 74.7 -56.3 -15.9 8.8

2008
6932.9 1864.1 8797.0 487.0 0.0 325.0 812.0 9609.0 3783.9 3783.9 0.0 1333.9 230.1 5347.9 2845.5 3657.5 2502.4 1703.4 938.4 9974.0 7106.6 302.7 12454.5 4749.2 3889.6 859.6 4091.1 658.1 4255.3 601.5 147.0 454.5 17.7 0.0 0.0 4998.8 436.8 4562.0 739.5 5301.5 8.5 187.9 179.9 41.6 3.6 8.7 13.9 126.9 89.6 24.4 3.1 8.6 3.9 0.6 5.2 0.0 0.0 9.6 0.7 0.6 6.9 38.1 -66.7 -0.6 12.7

2009
6932.9 2270.8 9203.7 487.0 0.0 6224.2 6711.2 15914.9 175.9 175.9 0.0 2355.9 137.5 2669.3 5531.6 12242.8 -2862.3 7315.0 -5355.7 21950.8 18777.2 311.7 21446.5 5314.5 4126.7 1187.8 3627.1 1687.4 3858.7 1646.2 224.7 1421.5 48.9 0.0 0.0 6305.9 1372.6 4933.3 1684.3 6617.6 42.2 48.3 45.8 133.0 6.6 21.8 25.5 132.8 72.6 13.6 4.2 3.1 3.4 1.0 15.4 0.0 0.0 26.7 2.1 2.0 4.4 24.8 200.0 11.9 13.3

473

Fecto Cement Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

456.0 62.7 518.7 0.0 0.0 41.9 41.9 560.6 69.8 69.8 0.0 412.0 37.2 519.0 681.0 722.9 -162.0 311.4 -611.2 2321.6 722.7 74.2 1241.7 2056.3 2056.3 0.0 1785.0 271.3 1882.6 179.1 42.1 137.0 12.1 45.6 0.0 38.5 79.3 -40.8 153.5 112.7 7.5 76.2 70.7 139.4 11.0 206.0 136.2 113.8 91.6 23.5 2.0 13.5 8.8 0.4 26.4 273.9 8.8 6.7 3.0 2.7 9.8 165.6 -215.4 11.3 11.4

2005
456.0 259.2 715.2 0.0 0.0 17.9 17.9 733.1 202.0 202.0 0.0 509.0 103.4 814.4 757.7 775.6 56.7 281.6 -555.7 2341.5 676.3 72.6 1490.7 2595.2 2595.2 0.0 2133.9 461.3 2257.9 342.5 45.1 297.4 113.7 45.6 0.0 172.5 138.1 34.4 210.7 245.1 2.4 107.5 93.8 108.4 20.0 80.1 86.0 156.8 87.0 13.2 1.7 16.0 38.2 0.9 41.6 402.9 6.4 11.5 6.5 4.0 10.0 174.1 116.7 26.2 15.7

2006
456.0 576.0 1032.0 0.0 0.0 304.3 304.3 1336.3 250.1 250.1 0.0 667.7 25.4 943.2 632.6 936.9 310.6 362.2 -382.5 2705.4 1025.7 75.7 1968.9 3375.6 3375.6 0.0 2574.7 800.9 2734.8 650.6 13.1 637.5 154.6 136.8 0.0 603.2 346.1 257.1 421.8 678.9 22.8 149.1 145.1 90.8 32.4 57.4 62.1 226.3 81.0 2.0 0.4 3.6 24.3 0.8 61.8 353.0 13.3 18.9 14.0 10.6 11.2 171.4 115.4 30.1 22.6

2007
456.0 483.8 939.8 0.0 0.0 489.6 489.6 1429.4 41.7 41.7 0.0 761.4 78.1 881.2 653.6 1143.2 227.6 606.0 -611.9 2935.4 1201.7 52.2 2082.9 3183.3 3183.3 0.0 2974.8 208.5 3120.1 98.4 69.2 29.2 0.6 136.8 0.0 93.1 -108.2 201.3 -56.0 145.3 34.3 134.8 122.9 121.6 1.4 -116.2 -38.5 206.1 98.0 70.3 2.2 11.4 2.1 0.6 3.1 20.9 14.6 0.9 0.6 0.6 5.1 152.8 -95.7 -5.7 20.6

2008
456.0 401.8 857.8 0.0 0.0 394.0 394.0 1251.8 37.5 37.5 0.0 898.2 115.7 1051.4 977.7 1371.7 73.7 832.4 -940.2 2964.8 1178.3 57.0 2229.7 3352.7 3021.5 331.2 3161.6 191.1 3312.3 58.2 176.6 -118.4 3.1 0.0 0.0 -177.6 -121.5 -56.1 -64.5 -120.6 31.5 107.5 95.7 159.9 -5.3 68.4 53.5 188.1 98.8 303.4 5.3 21.2 -2.6 2.1 -13.8 0.0 0.0 -3.5 -2.6 -2.7 4.7 150.4 -533.3 5.3 18.8

2009
456.0 716.2 1172.2 0.0 0.0 292.1 292.1 1464.3 19.5 19.5 0.0 939.8 167.9 1127.2 1140.2 1432.3 -13.0 694.3 -1120.7 3271.6 1477.2 63.3 2604.4 3310.7 2393.1 917.6 2542.3 768.4 2702.7 616.2 190.6 425.6 66.0 0.0 45.6 212.5 359.6 -147.1 422.9 275.8 19.9 98.9 84.1 122.2 16.3 169.2 153.3 257.1 81.6 30.9 5.8 27.5 15.5 2.0 36.3 0.0 0.0 12.9 9.3 7.9 5.4 127.1 -457.7 -1.3 25.7

474

Flying Cement Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

-

2005
-

2006
-

2007
-

2008
1760.0 1892.9 3652.9 0.0 0.0 46.3 46.3 3699.2 14.6 14.6 0.0 240.0 404.6 659.2 1656.6 1702.9 -997.4 163.6 -1642.0 5012.6 4696.6 76.3 5355.8 238.3 228.5 9.8 515.4 -277.1 538.5 -300.2 31.1 -331.3 2.9 0.0 0.0 -334.2 -257.9 1.3 39.8 15.4 46.6 -6.2 0.0 0.0 207.6 226.0 -10.4 13.1 19.0 -0.9 4.8 -9.1 0.0 0.0 -139.0 -1.9 -1.9 1.6 4.4 -290.0 20.8

2009
1760.0 1731.1 3491.1 0.0 0.0 37.7 37.7 3528.8 6.4 6.4 0.0 241.4 426.0 673.8 1899.6 1937.3 -1225.8 314.5 -1893.2 5145.1 4754.7 75.4 5428.5 666.0 654.8 11.2 815.0 -149.0 839.8 -173.8 65.7 -239.5 0.0 0.0 0.0 -170.4 -239.5 69.1 -164.1 -95.0 1.1 35.5 13.0 55.5 -4.4 140.6 172.7 198.4 126.1 -37.8 9.9 20.9 0.0 1.6 -6.9 0.0 0.0 -36.0 -1.4 -1.4 1.6 12.3 -26.3 179.5 19.8

475

Gharibwal Cement Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

368.8 86.3 455.1 0.0 0.0 373.8 373.8 828.9 182.5 9.2 173.3 206.9 36.5 425.9 876.0 1249.8 -450.1 508.8 -693.5 2462.5 1278.9 54.1 1704.8 1742.8 1742.8 0.0 1647.1 95.7 1702.8 92.5 43.9 48.6 10.0 0.0 0.0 146.6 38.6 108.0 92.7 200.7 45.1 48.6 44.5 274.6 2.9 26.3 46.2 123.4 97.7 47.5 2.5 8.6 20.6 0.0 10.7 0.0 2.8 1.3 1.0 4.2 102.2 -103.6 -11.2 12.3

2005
368.8 1172.0 1540.8 0.0 0.0 186.9 186.9 1727.7 490.5 317.2 173.3 380.7 24.2 895.4 619.7 806.6 275.7 268.4 -129.2 2659.8 1452.0 53.9 2347.4 2135.1 2135.1 0.0 1985.5 149.6 2057.6 241.8 45.4 196.4 7.5 0.0 0.0 898.8 188.9 709.9 242.8 952.7 10.8 144.5 140.6 52.3 8.4 21.0 25.5 417.8 96.4 18.8 2.1 16.9 3.8 0.0 12.7 0.0 9.2 5.3 5.1 4.2 91.0 307.7 22.5 41.8

2006
1718.8 1425.2 3144.0 0.0 0.0 251.2 251.2 3395.2 319.5 157.0 162.5 402.7 135.7 857.9 907.0 1158.2 -49.1 527.3 -587.5 4708.1 3444.2 57.5 4302.1 2209.0 2209.0 0.0 1934.2 274.8 2033.7 213.5 43.3 170.2 3.1 85.9 0.0 1667.5 81.2 1586.3 138.7 1725.0 7.4 94.6 79.6 36.8 4.0 4.9 8.0 182.9 92.1 20.3 2.0 8.2 1.8 0.0 5.4 194.5 2.7 7.7 1.0 1.0 4.0 51.3 -81.1 3.5 18.3

2007
1718.8 1033.7 2752.5 0.0 225.0 1975.1 2200.1 4952.6 751.8 750.9 0.9 465.0 77.8 1294.6 3273.1 5473.2 -1978.5 2582.1 -2521.3 8311.9 6931.0 117.7 8225.6 771.8 771.8 0.0 960.2 -188.4 1026.0 -89.6 112.5 -202.1 2.5 0.0 0.0 1557.4 -204.6 1762.0 -86.9 1675.1 44.4 39.6 37.2 198.8 -2.5 -13.1 -5.2 160.1 132.9 -125.6 14.6 4.4 -1.2 0.0 -7.3 0.0 0.0 -26.2 -1.2 -1.2 3.4 9.4 -220.0 -65.1 16.0

2008
2318.8 517.4 2836.2 0.0 399.8 3065.4 3465.2 6301.4 157.2 156.5 0.7 10184.6 77.8 10419.6 4118.2 7583.4 6301.4 4171.6 -3961.0 10807.4 0.0 108.2 10419.6 0.0 0.0 0.0 75.2 -75.2 423.4 -410.1 154.0 -564.1 0.0 0.0 0.0 1348.8 -564.1 1912.9 -455.9 1457.0 55.0 253.0 251.1 267.4 -5.4 -41.8 -31.3 122.3 0.0 -37.6 0.0 3.7 0.0 0.0 -19.9 0.0 0.0 0.0 -2.4 -2.4 1.6 0.0 100.0 -100.0 12.2

2009
2318.8 147.6 2466.4 0.0 399.7 926.9 1326.6 3793.0 68.0 68.0 0.0 825.4 372.0 1265.4 7732.2 9058.8 -6466.8 4300.6 -7664.2 11915.9 10259.7 168.5 11525.1 1250.3 1031.1 219.2 1126.5 123.8 1249.2 11.8 370.8 -359.0 5.6 0.0 0.0 -2508.4 -364.6 -2143.8 -196.1 -2339.9 35.0 16.4 11.6 367.3 -3.1 14.5 8.4 106.4 99.9 3142.4 29.7 8.6 -1.6 4.2 -14.6 0.0 0.0 -28.7 -1.5 -1.6 1.8 10.8 -37.5 10.6

476

Javedan Cement Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

560.0 -421.2 138.8 0.0 0.0 0.0 0.0 138.8 231.6 231.6 0.0 251.3 26.7 509.6 531.7 531.7 -22.1 0.0 -300.1 986.2 160.9 20.4 670.5 1813.6 1813.6 0.0 1672.0 141.6 1695.4 122.2 0.7 121.5 37.0 0.0 0.0 47.4 84.5 -37.1 104.9 67.8 0.0 95.8 90.8 383.1 18.1 178.3 154.7 24.8 93.5 0.6 0.0 30.5 0.0 87.5 0.0 6.7 2.2 1.5 11.8 270.5 -414.3 97.0 2.5

2005
560.0 -190.2 369.8 0.0 0.0 0.0 0.0 369.8 527.3 397.3 130.0 231.8 47.8 806.9 603.1 603.1 203.8 0.0 -75.8 1008.9 166.0 17.7 972.9 2061.0 2061.0 0.0 1754.2 306.8 1789.4 295.9 0.9 295.0 111.0 42.0 0.0 231.0 142.0 89.0 159.7 248.7 0.0 133.8 125.9 163.1 30.3 61.5 64.2 66.0 86.8 0.3 0.0 37.6 0.0 79.8 438.1 11.4 14.3 5.3 3.3 11.0 211.8 140.9 13.6 6.6

2006
560.0 -60.3 499.7 0.0 0.0 0.0 0.0 499.7 509.1 394.9 114.2 232.2 70.6 811.9 464.9 464.9 347.0 0.0 44.2 1003.7 152.7 17.2 964.6 2410.1 2410.1 0.0 1979.4 430.7 2019.9 423.8 1.1 422.7 111.7 317.5 0.0 129.9 -6.5 136.4 10.7 147.1 0.0 174.6 159.5 93.0 43.8 -5.0 7.3 89.2 83.8 0.3 0.0 0.0 26.4 0.0 84.6 98.0 63.5 17.5 7.5 5.6 10.4 249.9 41.5 16.9 8.9

2007
560.0 -243.9 316.1 0.0 625.0 0.0 625.0 941.1 8.2 8.2 0.0 255.5 189.3 453.0 345.6 970.6 107.4 775.0 -337.4 1698.7 833.8 16.9 1286.8 1572.7 1539.5 33.2 1494.7 78.0 1692.8 -103.1 74.6 -177.7 5.6 0.0 0.0 441.4 -183.3 624.7 -166.4 458.3 66.4 131.1 76.3 307.1 -13.8 -41.5 -36.3 56.4 107.6 -72.4 4.7 9.6 -3.2 0.7 -56.2 0.0 0.0 -11.3 -3.2 -3.3 11.1 122.2 -142.7 -34.7 5.6

2008
560.0 -286.4 273.6 0.0 546.9 120.0 666.9 940.5 71.3 71.3 0.0 284.2 172.6 528.1 428.3 1095.2 99.8 775.0 -357.0 1721.2 840.7 16.3 1368.8 1652.7 1527.6 125.1 1564.0 88.7 1614.6 41.9 99.5 -57.6 6.0 0.0 0.0 -0.6 -63.6 63.0 -47.3 15.7 70.9 123.3 83.0 400.3 -4.2 10600.0 -301.3 48.9 97.7 237.5 6.0 12.8 -10.4 1.2 -21.1 0.0 0.0 -3.5 -1.0 -1.1 2.0 120.7 -68.8 5.1 4.9

2009
290.6 440.6 731.2 0.0 0.0 3530.0 3530.0 4261.2 71.8 71.8 0.0 222.6 176.3 470.7 1599.9 5129.9 -1129.2 3714.0 -1528.1 6285.2 5390.5 14.7 5861.2 1622.2 1500.4 121.8 1372.9 249.3 1421.8 212.6 583.0 -370.4 0.0 0.0 0.0 3320.7 -370.4 3691.1 -355.7 3335.4 82.8 29.4 18.4 701.6 -6.3 -11.2 -10.7 251.6 87.6 274.2 35.9 15.7 0.0 0.6 -50.7 0.0 0.0 -22.8 -12.7 -12.7 1.7 27.7 1170.0 -1.8 25.2

477

Kohat Cement Company Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

329.0 384.1 713.1 0.0 0.0 189.3 189.3 902.4 168.1 168.1 0.0 334.3 15.1 517.5 520.5 709.8 -3.0 316.0 -352.4 2121.2 905.5 69.3 1423.0 1979.6 1773.2 206.4 1484.1 495.5 1564.4 419.6 24.4 395.2 130.9 0.0 0.0 200.8 264.3 -63.5 333.6 270.1 21.0 99.4 96.5 99.5 27.8 131.6 123.5 216.7 79.0 5.8 1.2 7.7 33.1 1.3 55.4 0.0 20.0 12.0 8.0 8.3 139.1 990.9 22.2 21.7

2005
493.5 603.9 1097.4 0.0 0.0 117.1 117.1 1214.5 289.1 289.1 0.0 220.6 22.3 532.0 437.4 554.5 94.6 253.8 -148.3 2395.2 1119.9 64.2 1651.9 2353.7 2120.7 233.0 1689.5 664.2 1778.7 584.1 23.2 560.9 176.3 0.0 164.5 312.1 384.6 -72.5 448.8 376.3 9.6 121.6 116.5 50.5 34.0 123.2 119.3 222.4 75.6 4.0 1.0 9.1 31.4 1.0 51.1 0.0 23.8 11.4 7.8 7.1 142.5 -5.0 18.9 22.2

2006
925.3 1358.6 2283.9 0.0 0.0 239.9 239.9 2523.8 663.5 656.9 6.6 245.4 87.9 996.8 552.3 792.2 444.5 375.5 111.2 3443.0 2079.4 91.8 3076.2 2922.6 2237.9 684.7 1723.0 1199.6 1848.2 1093.5 54.1 1039.4 192.6 0.0 92.5 1309.3 846.8 462.5 938.6 1401.1 9.5 180.5 164.6 34.7 33.8 64.7 67.0 246.8 63.2 4.9 1.9 14.4 18.5 0.7 45.5 0.0 0.0 35.6 11.2 9.2 8.2 95.0 -1.8 24.2 24.7

2007
1017.8 1321.8 2339.6 0.0 0.0 2703.3 2703.3 5042.9 132.4 132.4 0.0 348.5 125.1 606.0 821.4 3524.7 -215.4 3067.9 -689.0 6722.7 5258.3 105.0 5864.3 2050.4 1526.9 523.5 1707.1 343.3 1779.8 346.2 280.6 65.6 23.9 0.0 0.0 2519.1 41.7 2477.4 146.7 2624.1 53.6 73.8 58.5 150.7 1.1 1.7 5.6 229.9 86.8 81.1 13.7 9.1 36.4 1.0 2.8 0.0 0.0 3.2 0.6 0.4 5.0 35.0 -94.6 -29.8 23.0

2008
1170.5 1158.6 2329.1 0.0 0.0 2985.5 2985.5 5314.6 37.0 37.0 0.0 1163.9 174.3 1375.2 2309.4 5294.9 -934.2 4708.1 -2272.4 7812.7 6248.7 103.9 7623.9 1823.6 1309.4 514.2 1736.2 87.4 2090.2 -230.6 48.9 -279.5 7.1 0.0 117.1 271.7 -286.6 558.3 -182.7 375.6 56.2 59.5 52.0 227.3 -3.7 -105.5 -48.6 199.0 114.6 -21.2 2.7 1.0 -2.5 0.8 -12.0 0.0 0.0 -15.3 -2.4 -2.4 1.9 23.9 -500.0 -11.1 19.9

2009
1287.6 981.3 2268.9 0.0 0.0 2991.4 2991.4 5260.3 34.4 34.4 0.0 1510.7 139.3 1684.4 3361.9 6353.3 -1677.5 5070.5 -3327.5 8662.0 6937.8 161.9 8622.2 3395.6 2601.4 794.2 2591.0 804.6 2735.9 693.9 549.9 144.0 8.7 0.0 0.0 -54.3 135.3 -189.6 297.2 107.6 56.9 50.1 46.0 280.0 1.7 -249.2 276.2 176.2 80.6 79.2 16.2 10.8 6.0 0.5 6.3 0.0 0.0 4.2 1.1 1.1 2.6 39.4 -145.8 86.2 17.6

478

Lafarge Pak. Cement Ltd. (Pakistan Cement Ltd.)

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

5624.6 217.8 5842.4 0.0 0.0 0.0 0.0 5842.4 0.3 0.3 0.0 142.9 0.0 143.2 3360.5 3360.5 -3217.3 0.0 -3360.2 9064.1 9059.6 0.3 9202.5 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 0.0 0.3 0.3 0.0 0.0 0.0 2.5 0.0 100.0 103.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10.4

2005
5624.6 -207.8 5416.8 0.0 0.0 0.0 0.0 5416.8 0.9 0.9 0.0 472.1 0.0 473.0 3398.6 3398.6 -2925.6 775.4 -3397.7 8348.4 8342.4 1.7 8815.4 0.0 0.0 0.0 0.0 0.0 122.5 645.3 6.5 638.8 0.0 0.0 0.0 -425.6 638.8 -1064.4 640.5 -423.9 0.0 13.9 13.9 62.7 7.2 96.3 1.0 0.8 0.0 11.8 0.0 1.1 1.1 0.0 0.0 0.0 9.6

2006
6768.4 -266.0 6502.4 0.0 0.0 7015.9 7015.9 13518.3 23.2 23.2 0.0 380.7 26.0 429.9 2258.3 9274.2 -1828.4 7151.4 -2235.1 15356.6 15346.7 4.0 15776.6 0.0 0.0 0.0 0.0 0.0 55.2 -53.7 0.0 -53.7 0.0 0.0 0.0 8101.5 -53.7 8155.2 -49.7 8105.5

2007
11345.1 -851.3 10493.8 0.0 0.0 5735.2 5735.2 16229.0 678.4 678.4 0.0 2332.1 498.8 3509.3 5242.6 10977.8 -1733.3 7059.7 -4564.2 18736.5 17962.2 736.9 21471.5 6225.0 5116.4 1108.6 6724.3 -499.3 7083.3 -1.8 796.0 -797.8 0.0 0.0 0.0 2710.7 -797.8 3508.5 -60.9 3447.6

2008
13126.4 -2096.1 11030.3 0.0 0.0 4410.1 4410.1 15440.4 55.5 55.5 0.0 3729.8 946.9 4732.2 6539.7 10949.8 -1807.5 8153.7 -6484.2 18937.4 17247.9 917.1 21980.1 10079.8 7804.1 2275.7 9504.9 574.9 10060.2 67.0 1481.7 -1414.7 23.1 0.0 0.0 -788.6 -1437.8 649.2 -520.7 128.5 28.6 72.4 57.9 99.3 -6.4 182.3 -405.2 84.0 99.8 2211.5 14.7 18.2 -1.6 0.3 -12.8 0.0 0.0 -14.0 -1.1 -1.1 5.1 45.9 57.1 61.9 8.4

2009
13126.4 -3365.5 9760.9 0.0 0.0 3075.2 3075.2 12836.1 71.3 71.3 0.0 2217.7 724.4 3013.4 6865.1 9940.3 -3851.7 6705.9 -6793.8 19021.2 16688.0 655.7 19701.4 8129.9 5709.1 2420.8 7146.3 983.6 8174.9 -23.8 1230.8 -1254.6 24.5 0.0 0.0 -2604.3 -1279.1 -1325.2 -623.4 -1948.6 24.0 43.9 33.3 101.8 -6.4 49.1 32.0 74.4 100.6 -5171.4 15.1 18.4 -2.0 0.9 -12.9 0.0 0.0 -15.4 -1.0 -1.0 3.8 41.3 -9.1 -19.3 7.4

51.9 35.3 19.0 66.9 17.9 57.4 142.6 104.6 -0.3 -3.7 -0.7 -29.4 -0.6 -1.8 96.1 92.5 0.0 113.8 0.0 -44222.2 0.0 12.8 0.0 11.3 0.0 0.0 0.0 1.2 -0.8 -7.6 0.0 0.0 0.0 -0.1 -0.1 0.0 0.0 -109.1 9.6 0.0 0.0 -12.8 -0.7 -0.7 4.3 29.0 600.0 9.2

479

Lucky Cement Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

2450.0 1895.9 4345.9 0.0 0.0 1150.0 1150.0 5495.9 1000.1 1000.1 0.0 854.6 172.3 2027.0 1544.1 2694.1 482.9 1718.5 -544.0 6455.0 5013.0 215.3 7040.0 4270.0 4028.4 241.6 3169.5 1100.5 3287.0 984.0 10.8 973.2 16.6 0.0 183.8 1676.8 956.6 720.2 1171.9 1892.1 20.9 131.3 120.1 62.0 13.8 57.0 61.9 177.4 77.0 1.1 0.3 0.6 1.7 0.4 22.4 0.0 22.8 4.0 3.9 5.1 60.7 185.7 12.1 17.7

2005
2633.8 2548.6 5182.4 0.0 0.0 6530.2 6530.2 11712.6 141.4 141.4 0.0 1087.5 115.8 1344.7 3094.3 9624.5 -1749.6 7933.4 -2952.9 15128.5 13462.2 241.4 14806.9 5566.4 4897.0 669.4 4186.8 1379.6 4335.8 1231.7 21.7 1210.0 19.9 0.0 183.8 6216.7 1190.1 5026.6 1431.5 6458.1 55.8 43.5 39.7 185.7 8.2 19.1 22.2 196.8 77.9 1.8 0.4 0.3 1.6 0.4 23.3 0.0 21.7 4.6 4.5 4.8 37.6 15.0 30.4 19.7

2006
2633.8 4435.9 7069.7 0.0 0.0 10156.6 10156.6 17226.3 2063.8 2063.8 0.0 1962.5 431.4 4457.7 6396.5 16553.1 -1938.8 13185.0 -4332.7 21255.8 19165.1 426.2 23622.8 10707.9 9379.1 1328.8 7797.2 2910.7 8072.4 2635.7 82.8 2552.9 39.9 263.4 0.0 5513.7 2249.6 3264.1 2675.8 5939.9 59.0 69.7 62.9 234.1 10.8 40.8 45.0 268.4 75.4 3.1 0.8 0.6 1.6 0.9 36.1 954.1 3.7 23.8 9.7 9.5 3.2 45.3 110.9 92.4 26.8

2007
2633.8 6719.8 9353.6 0.0 0.0 8329.0 8329.0 17682.6 1239.2 1239.2 0.0 3489.4 676.3 5404.9 8041.2 16370.2 -2636.3 12808.5 -6802.0 23291.8 20318.9 883.1 25723.8 16623.4 12309.6 4313.8 12948.2 3675.2 13699.4 3553.3 862.8 2690.5 63.1 329.2 0.0 456.3 2298.2 -1841.9 3181.3 1339.4 47.1 67.2 58.8 175.0 10.5 503.7 237.5 355.1 82.4 24.3 5.2 6.7 2.3 2.9 28.8 798.1 3.5 16.2 10.2 10.0 4.6 64.6 5.2 55.2 35.5

2008
3233.8 15421.7 18655.5 0.0 0.0 6633.3 6633.3 25288.8 270.0 270.0 0.0 7430.2 709.4 8409.6 8950.3 15583.6 -540.7 10481.7 -8680.3 29777.5 25829.5 978.9 34239.1 20819.8 11539.0 9280.8 16457.0 4362.8 18387.7 2433.4 126.7 2306.7 85.4 323.4 0.0 7606.2 1897.9 5708.3 2876.8 8585.1 26.2 94.0 86.0 83.5 6.7 25.0 33.5 576.9 88.3 5.2 0.6 1.2 3.7 3.5 12.4 686.9 1.7 11.1 7.1 6.9 4.8 60.8 -30.4 25.2 57.7

2009
3233.8 20018.2 23252.0 0.0 0.0 4300.0 4300.0 27552.0 1049.1 1049.1 0.0 5669.8 1196.6 7915.5 10840.3 15140.3 -2924.8 10487.9 -9791.2 35562.3 30476.9 1148.2 38392.4 26330.4 10498.6 15831.8 16519.1 9811.3 19939.6 6414.1 1237.0 5177.1 156.7 1293.5 0.0 2263.2 3726.9 -1463.7 4875.1 3411.4 15.6 73.0 62.0 65.1 13.5 164.7 142.9 719.0 75.7 19.3 4.7 11.8 3.0 4.8 22.3 388.1 5.6 19.7 16.0 15.5 4.4 68.6 125.4 26.5 71.9

480

Maple Leaf Cement Factory Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

1804.9 1629.7 3434.6 0.0 125.0 2061.7 2186.7 5621.3 228.3 223.3 5.0 1196.5 100.1 1524.9 1466.3 3653.0 58.6 2978.6 -1238.0 9393.1 5562.7 334.4 7087.6 4967.5 4967.5 0.0 3819.2 1148.3 3916.2 1062.4 310.8 751.6 17.3 270.7 0.0 -272.9 463.6 -736.5 798.0 61.5 38.9 104.0 97.2 106.4 10.6 1297.6 190.3 78.8 29.3 6.3 10.4 2.3 1.8 21.9 271.3 7.9 15.1 4.2 4.1 6.1 70.1 -940.0 23.4 19.0

2005
2707.4 3040.6 5748.0 541.5 41.7 2157.7 2740.9 8488.9 374.8 369.8 5.0 1399.0 183.2 1957.0 1930.7 4671.6 26.3 3306.6 -1555.9 12626.7 8462.4 341.1 10419.4 6193.4 6193.4 0.0 4865.5 1327.9 4978.5 1233.0 205.7 1027.3 38.9 0.0 270.7 2867.6 988.4 1879.2 1329.5 3208.7 32.3 101.4 91.9 81.3 9.9 34.5 41.4 212.3 80.4 16.7 3.3 6.2 3.8 1.5 17.9 0.0 16.6 3.8 3.7 6.1 59.4 -9.5 24.7 21.2

2006
2978.1 3792.4 6770.5 541.5 0.0 7955.3 8496.8 15267.3 118.3 100.9 17.4 2385.6 200.9 2704.8 3526.0 12022.8 -821.2 9487.1 -3407.7 20517.7 16088.5 372.7 18793.3 7954.9 7954.9 0.0 5806.3 2148.6 6005.8 1975.8 341.0 1634.8 28.5 0.0 0.0 6778.4 1606.3 5172.1 1979.0 7151.1 55.7 76.7 71.0 177.6 8.7 23.7 27.7 227.3 75.5 17.3 4.3 3.6 1.7 2.1 24.1 0.0 0.0 20.6 5.5 5.4 4.4 42.3 44.7 28.4 22.7

2007
3722.6 4724.3 8446.9 541.5 0.0 9524.4 10065.9 18512.8 1068.1 123.4 944.7 2663.8 369.7 4101.6 4919.6 14985.5 -818.0 11330.8 -3851.5 24188.1 19330.9 439.3 23432.5 5514.2 5514.2 0.0 5204.3 309.9 5359.0 198.4 338.5 -140.1 9.7 0.0 0.0 3245.5 -149.8 3395.3 289.5 3684.8 54.4 83.4 75.9 177.4 -0.6 -4.6 7.9 226.9 97.2 170.6 6.1 3.0 -6.9 3.5 -1.7 0.0 0.0 -2.5 -0.4 -0.4 7.9 23.5 -107.3 -30.7 22.7

2008
3722.6 4081.7 7804.3 541.5 8000.0 2199.0 10740.5 18544.8 853.8 118.9 734.9 4767.3 434.0 6055.1 7591.7 18332.2 -1536.6 14836.7 -6737.9 25802.4 20081.4 865.5 26136.5 10552.4 8195.1 2357.3 9228.6 1323.8 10209.5 448.6 1812.8 -1364.2 44.8 0.0 0.0 32.0 -1409.0 1441.0 -543.5 897.5 57.9 79.8 74.0 234.9 -5.2 -4403.1 -60.6 209.6 96.8 404.1 17.2 12.2 -3.3 7.0 -17.5 0.0 0.0 -12.9 -3.7 -3.8 4.5 40.4 825.0 91.4 21.0

2009
3722.6 2446.4 6169.0 541.5 7200.0 1688.8 9430.3 15599.3 506.5 99.9 406.6 4114.6 650.9 5272.0 10054.2 19484.5 -4782.2 11620.3 -9547.7 27142.7 20381.5 1047.7 25653.5 15251.4 8766.1 6485.3 10296.9 4954.5 12830.6 2482.5 3400.2 -917.7 64.3 0.0 0.0 -2945.5 -982.0 -1963.5 65.7 -1897.8 60.5 52.4 46.0 315.8 -3.6 33.3 -3.5 165.7 84.1 137.0 22.3 29.3 -7.0 4.5 -14.9 0.0 0.0 -6.0 -2.5 -2.6 5.2 59.5 -32.4 44.5 16.6

481

Mustehkam Cement Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

123.2 -883.1 -759.9 0.0 0.0 488.2 488.2 -271.7 0.7 0.7 0.0 201.8 2.8 205.3 734.8 1223.0 -529.5 588.2 -734.1 1093.9 257.8 25.7 463.1 0.0 0.0 0.0 0.0 0.0 36.5 -31.4 66.1 -97.5 0.0 0.0 0.0 334.6 -97.5 432.1 -71.8 360.3 27.9 27.6 -21.1 -29.1 -19.9 -616.8 11.2 -7.9 -7.9 9.1 0.0 5.3 -61.7

2005
123.2 -940.5 -817.3 0.0 0.0 0.0 0.0 -817.3 0.7 0.7 0.0 201.4 2.8 204.9 1254.5 1254.5 -1049.6 0.0 -1253.8 1343.2 232.4 26.5 437.3 0.0 0.0 0.0 0.0 0.0 37.3 -27.8 32.4 -60.2 0.0 0.0 0.0 -545.6 -60.2 -485.4 -33.7 -519.1 16.3 16.1 -13.8 -663.4 -4.9 -4.9 10.3 0.0 -38.0 -66.3

2006
123.2 2506.1 2629.3 0.0 0.0 0.0 0.0 2629.3 5.4 5.4 0.0 353.9 128.5 487.8 1512.4 1512.4 -1024.6 342.2 -1507.0 3663.8 3653.9 13.8 4141.7 408.7 408.7 0.0 406.4 2.3 423.0 -7.8 14.9 -22.7 1.6 0.0 0.0 3446.6 -24.3 3470.9 -10.5 3460.4 0.0 32.3 23.8 57.5 -0.5 -0.7 -0.3 2134.2 103.5 -191.0 3.6 4.4 -7.0 0.1 -0.9 0.0 0.0 -5.6 -1.8 -2.0 6.9 9.9 -63.3 213.4

2007
123.2 2733.6 2856.8 0.0 0.0 400.0 400.0 3256.8 11.0 11.0 0.0 856.7 164.5 1032.2 1667.2 2067.2 -635.0 854.2 -1656.2 4086.4 3891.7 185.5 4923.9 940.6 940.6 0.0 1224.5 -283.9 1244.9 100.5 63.0 37.5 3.2 0.0 0.0 627.5 34.3 593.2 219.8 813.0 12.3 61.9 52.0 72.4 0.8 5.5 27.0 2318.8 132.4 62.7 6.7 7.4 8.5 1.0 1.3 0.0 0.0 4.0 3.0 2.8 5.1 19.1 -266.7 130.1 231.9

2008
150.3 2540.5 2690.8 0.0 0.0 1270.0 1270.0 3960.8 19.5 19.5 0.0 1113.6 306.8 1439.9 1708.7 2978.7 -268.8 1987.0 -1689.2 4627.8 4229.6 204.2 5669.5 1484.9 1484.9 0.0 1768.5 -283.6 1791.4 -300.7 115.5 -416.2 4.9 0.0 0.0 704.0 -421.1 1125.1 -216.9 908.2 32.1 84.3 66.3 110.7 -7.3 -59.8 -23.9 1790.3 120.6 -38.4 7.8 5.8 -1.2 0.3 -15.5 0.0 0.0 -28.0 -27.7 -28.0 5.2 26.2 -1023.3 57.9 179.0

2009
150.3 3170.8 3321.1 0.0 0.0 4200.0 4200.0 7521.1 9.9 9.9 0.0 1122.9 197.1 1329.9 2134.4 6334.4 -804.5 5264.5 -2124.5 8860.3 8325.6 185.5 9655.5 1351.2 1351.2 0.0 1231.4 119.8 1326.6 26.8 158.2 -131.4 3.1 0.0 0.0 3560.3 -134.5 3694.8 51.0 3745.8 55.8 62.3 53.1 190.7 -1.4 -3.8 1.4 2209.6 98.2 590.3 11.7 3.0 -2.4 0.3 -4.0 0.0 0.0 -9.7 -8.7 -8.9 4.4 14.0 -68.6 -9.0 221.0

482

Pioneer Cement Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

954.4 -400.7 553.7 0.0 185.9 1921.2 2107.1 2660.8 37.2 37.2 0.0 529.4 50.8 617.4 1613.8 3720.9 -996.4 2302.3 -1576.6 5069.8 3657.3 184.4 4274.7 1958.3 1958.3 0.0 1571.7 386.6 1681.2 355.6 117.4 238.2 6.7 0.0 0.0 -952.0 231.5 -1183.5 415.9 -767.6 79.2 38.3 35.1 672.0 5.6 58.0 85.8 33.0 6.0 5.1 2.8 1.3 43.0 0.0 12.2 2.5 2.4 5.1 45.8 -256.3 8.9 5.8

2005
1547.5 703.0 2250.5 0.0 0.0 2469.2 2469.2 4719.7 17.5 17.5 0.0 431.8 56.8 506.1 2168.3 4637.5 -1662.2 2585.6 -2150.8 8024.8 6381.7 233.3 6887.8 2800.1 2436.8 363.3 2127.0 673.1 2312.6 514.7 120.7 394.0 11.3 0.0 0.0 2058.9 382.7 1676.2 616.0 2292.2 52.3 23.3 20.7 206.1 5.7 18.6 26.9 145.4 82.6 23.5 4.3 4.7 2.9 0.7 17.5 0.0 14.1 2.5 2.5 6.4 40.7 0.0 43.0 14.5

2006
1624.8 1301.6 2926.4 0.0 0.0 2746.8 2746.8 5673.2 71.9 71.9 0.0 552.9 96.8 721.6 2731.8 5478.6 -2010.2 3275.3 -2659.9 9598.5 7683.4 277.4 8405.0 4153.6 3754.9 398.7 2922.9 1230.7 3094.7 1130.1 196.9 933.2 17.7 162.5 73.1 953.5 753.0 200.5 1030.4 1230.9 48.4 26.4 22.9 187.2 11.1 79.0 83.7 180.1 74.5 17.4 4.7 6.0 1.9 0.3 31.9 563.4 5.6 22.5 5.7 5.6 4.3 49.4 128.0 48.3 18.0

2007
1698.1 972.3 2670.4 0.0 0.0 609.2 609.2 3279.6 305.5 305.5 0.0 644.1 150.3 1099.9 5330.9 5940.1 -4231.0 1612.2 -5025.4 9795.8 7510.6 375.7 8610.5 4648.7 4276.7 372.0 4330.5 318.2 4479.0 181.4 365.8 -184.4 18.3 0.0 0.0 -2393.6 -202.7 -2190.9 173.0 -2017.9 18.6 20.6 17.8 222.4 -2.1 8.5 -8.6 157.3 96.3 201.7 7.9 22.7 -9.9 0.6 -6.9 0.0 0.0 -4.0 -1.1 -1.2 4.9 54.0 -119.3 11.9 15.7

2008
1995.3 2550.0 4545.3 0.0 0.0 2016.4 2016.4 6561.7 139.2 139.2 0.0 693.9 68.7 901.8 3910.8 5927.2 -3009.0 3692.0 -3771.6 12291.4 9570.9 435.3 10472.7 6607.5 5150.4 1457.1 6093.8 513.7 6798.9 -160.8 413.2 -574.0 24.5 0.0 0.0 3282.1 -598.5 3880.6 -163.2 3717.4 30.7 23.1 21.3 130.4 -5.5 -18.2 -4.4 227.8 102.9 -257.0 6.3 11.2 -4.3 0.6 -12.6 0.0 0.0 -8.7 -2.9 -3.0 5.8 63.1 163.6 42.1 22.8

2009
1995.3 2586.1 4581.4 0.0 0.0 1344.3 1344.3 5925.7 159.3 159.3 0.0 787.7 146.1 1093.1 4422.1 5766.4 -3329.0 3939.2 -4262.8 12341.9 9254.7 380.3 10347.8 5000.2 3957.8 1042.4 3667.3 1332.9 4402.5 625.7 451.5 174.2 10.1 0.0 0.0 -636.0 164.1 -800.1 544.4 -255.7 22.7 24.7 21.4 125.9 1.7 -25.8 -212.9 229.6 88.0 72.2 9.0 11.5 5.8 0.7 3.8 0.0 0.0 3.5 0.9 0.8 4.0 48.3 -131.0 -24.3 23.0

483

Thatta Cement Company Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

-

2005
-

2006
-

2007
-

2008
797.7 -227.0 570.7 0.0 0.0 166.7 166.7 737.4 6.4 6.4 0.0 419.8 175.9 602.1 608.9 775.6 -6.8 411.3 -602.5 2026.1 744.3 46.6 1346.4 1820.8 1313.3 507.5 1611.4 209.4 1744.0 139.1 85.4 53.7 7.3 0.0 0.0 46.4 93.0 22.6 98.9 70.0 135.9 4.0 0.0 0.0 71.5 95.8 61.4 4.7 20.8 13.6 7.4 9.4 0.0 0.0 2.9 0.7 0.6 6.0 135.2 -30.0 7.2

2009
797.7 -26.9 770.8 0.0 0.0 83.3 83.3 854.1 50.4 11.8 38.6 334.0 225.3 609.7 565.0 648.3 44.7 409.7 -514.6 2136.5 809.5 46.0 1419.2 1795.1 1110.0 685.1 1301.9 493.2 1483.2 327.1 63.7 263.4 15.0 0.0 0.0 116.7 248.4 -131.7 294.4 162.7 9.8 107.9 68.0 84.1 18.6 212.9 180.9 96.6 82.6 19.5 3.5 15.5 5.7 3.1 34.2 0.0 0.0 14.7 3.3 3.1 6.3 126.5 371.4 -1.4 9.7

484

Zeal Pak Cement Factory Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

1700.0 -599.9 1100.1 0.0 0.0 0.0 0.0 1100.1 7.3 7.3 0.0 727.8 148.9 884.0 1215.1 1215.1 -331.1 577.2 -1207.8 1641.1 1431.1 104.1 2315.1 1077.6 1077.6 0.0 1111.3 -33.7 1286.9 -194.4 47.6 -242.0 3.5 0.0 0.0 1081.2 -245.5 1326.7 -141.4 1185.3 0.0 72.8 60.5 110.5 -10.5 -22.7 -11.9 64.7 119.4 4.4 8.2 30.8 -22.0 0.0 -22.5 -1.4 -1.4 28.8 46.5 -93.7 21.8 6.5

2005
1700.0 -324.6 1375.4 0.0 0.0 0.8 0.8 1376.2 5.1 5.1 0.0 690.1 136.0 831.2 806.7 807.5 24.5 475.6 -801.6 1657.4 1351.8 95.7 2183.0 1511.9 1511.9 0.0 1447.9 64.0 1617.2 -97.6 34.7 -132.3 6.8 0.0 0.0 276.1 -139.1 415.2 -43.4 371.8 0.1 103.0 86.2 58.7 -6.1 -50.4 -11.7 80.9 107.0 2.3 7.3 21.7 -9.6 0.0 -8.8 -0.8 -0.8 6.7 69.3 -42.9 40.3 8.1

2006
1700.0 -266.7 1433.3 0.0 0.0 0.4 0.4 1433.7 6.5 6.5 0.0 963.5 213.2 1183.2 1016.2 1016.6 167.0 655.4 -1009.7 1658.8 1266.7 86.5 2449.9 1424.0 1424.0 0.0 1306.7 117.3 1471.6 -45.7 58.8 -104.5 5.1 0.0 0.0 57.5 -109.6 167.1 -23.1 144.0 0.0 116.4 95.5 70.9 -4.3 -190.6 -16.0 84.3 103.3 -128.7 4.1 9.0 -4.9 33.9 -7.3 0.0 0.0 -7.3 -0.6 -0.6 6.4 58.1 -25.0 -5.8 8.4

2007
1700.0 -428.0 1272.0 0.0 0.0 0.2 0.2 1272.2 0.6 0.6 0.0 903.2 162.5 1066.3 983.3 983.5 83.0 700.6 -982.7 1657.1 1189.1 78.9 2255.4 697.3 697.3 0.0 857.2 -159.9 1063.6 -357.9 74.9 -432.8 2.4 0.0 0.0 -161.5 -435.2 273.7 -356.3 -82.6 0.0 108.4 91.9 77.3 -19.2 269.5 431.4 74.8 152.5 -20.9 10.7 10.7 -0.6 46.9 -34.0 0.0 0.0 -62.1 -2.5 -2.6 6.2 30.9 316.7 -51.0 7.5

2008
4278.4 -2853.1 1425.3 0.0 0.0 117.3 117.3 1542.6 6.6 6.6 0.0 762.6 180.8 950.0 1437.5 1554.8 -487.5 827.2 -1430.9 2843.4 2030.1 145.0 2980.1 453.5 453.5 0.0 926.4 -472.9 1127.0 -669.2 69.1 -738.3 1.6 0.0 0.0 270.4 -739.9 1010.3 -594.9 415.4 7.6 66.1 53.5 109.1 -24.8 -273.6 -143.2 33.3 248.5 -10.3 15.2 8.4 -0.2 76.3 -51.8 0.0 0.0 -162.8 -1.7 -1.7 12.2 15.2 -32.0 -35.0 3.3

2009
4278.4 -3375.6 902.8 0.0 0.0 30.1 30.1 932.9 19.7 19.7 0.0 803.2 183.2 1006.1 1974.2 2004.3 -968.1 730.1 -1954.5 2858.6 1901.0 127.8 2907.1 569.1 569.1 0.0 990.1 -421.0 1032.4 -462.4 59.2 -521.6 0.0 0.0 0.0 -609.7 -521.6 -88.1 -393.8 -481.9 3.2 51.0 41.7 222.0 -17.9 85.6 81.7 21.1 181.4 -12.8 10.4 8.1 0.0 57.5 -57.8 0.0 0.0 -91.7 -1.2 -1.2 6.3 19.6 -29.4 25.5 2.1

485

Al-Abbas Cement Industries Ltd.

Perdesi House, Survey No. 2/1, R.Y.16, Old Queens Road, Karachi.

Management
Syed Ajaz Ahmed(Chairman) Mr, Momal Shunaid(Chief Executive) Mrs. Asma Cochinwala(Director) Mr. Tariq Usman Bhatti(Director) Mrs. Momina Duraid(Director) Syed Salman Rasheed(Director) Mr. Aves Cochinwala(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Bank Al-Falah Ltd.

Banker
Allied Bank Of Pakistan Ltd. Albaraka Islamic Bank Ltd. Habib Bank Ltd. KASB Bank Ltd. National Bank Of Pakistan United Bank Ltd. 28th October , 2009 30th June , 2009 Face Value

Auditor
M/s. M. Sikander & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 7.00 12.00 2.55 6.66

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Clinker

Units
Metric tons

Capacity
900,000

Actual Production
582,824

Attock Cement Pakistan Ltd

D-70, Block-4, Kehkashan-5, Clifton, Karachi.

Management
Dr. Ghaith R. Pharaon(Chairman) Mr. Babar Bashir Nawaz(Chief Executive) Mr. Laith G. Pharaon(Director) Mr. Wael G. Pharaon(Director) Mr. Shuaib A. Malik(Director) Mr. Abdus Sattar(Director) Mr. Bashir Ahmad(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 50 20 KASB Bank Ltd. The Bank Of Punjab Bank Al Habib Ltd.

Banker

Auditor
M/s. A.F.Ferguson & Co.

First Women Bank Ltd. Bank Alfalah Ltd. NIB Bank Ltd. United Bank Ltd. 19th October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 77.13 81.09 30.00 56.87 12

Production Desc
Cliniker Cement

Units
M. Tons M. Tons

Capacity
1,710,000 1,795,500

Actual Production
1,678,619 1,721,665

486

Bestway Cement Ltd.

Bestway Building, 19-A, College Road, F-7 Markaz, Islamabad.

Management
Sir Mohammed Anwer Pervez(Chairman) Mr. Arshad Mehmood Choudhary(Director) Mr. Ghulam Sarwar Malik(Director) Mr. Mazhar Rafi(Director) Mr. Arshad Hameed(Director) Mr. Muhammad Irfan A. Shaikh(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) MCB Bank Ltd.

Banker

Auditor
KPMG Taseer Hadi & Co.

Mr. Zameer Mohammed Choudhary(Chief Execu The Royal Bank of Scottland Ltd. Askari Commercial Bank Limited Bank Al-Habib Limited Bank Alflah Limited Faysal Bank Ltd. Habib Bank Ltd. 31st October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 25.54 40.05 13.97 22.96

Production Desc
Clinker Hattar Clinker Chakwal

Units
Metric Tons Metric Tons

Capacity
1,170,000 3,420,000

Actual Production
1,074,607 2,183,928

Cherat Cement Company Ltd.

Modern Motor House, Beaumont Road, Karachi-75530

Management
Mr. Mohammad Faruque(Chairman) Mr. Azam Faruque(Chief Executive) Mr. Arif Faruque(Director) Mr. Shehryar Faruque(Director) Mr. Akbarali Pesnani(Director) Mr. Iftikhar Ahmad Bashir (NIT)(Director) Mr. Aamir amin (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) RBS Bank Ltd.

Banker
Allied Bank Of Pakistan Ltd. Citibank N.A. Bank Al-Habib Ltd. HSBC Bank Middle East Ltd. Habib Bank Ltd. MCB Bank Ltd. 20th October , 2009 30th June , 2009 Face Value

Auditor
M/S. Ford Rhodes Sidat Hyder & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 13.53 26.82 9.52 15.99

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Clinker

Units
M. Tons

Capacity
1,000,000

Actual Production
967,100

487

D.G. Khan Cement Company Ltd.

Nishat House, 53-A, Lawrence Road, Lahore.

Management
Mrs. Naz Mansha(Chairperson) Mian Raza Mansha(Chief Executive) Mr. Muhammad Azam(Director) Mr. Inayat Ullah Niazi(Director) Mr. Khalid Qadeer Qureshi(Director) Ms. Nabiha Shahnawaz Cheema(Director) Mr. Zaka-ud-Din(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Allied Bank Ltd. Habib Bank Ltd. The Bank Of Punjab

Banker
The Royal Bank of Scotland Ltd.

Auditor
KPMG Taseer Hadi & Co.

National Bank Of Pakistan MCB Bank Ltd. United Bank Ltd. 29th October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 29.65 67.13 12.04 36.30

Production Desc
Clinker Cement Bags

Units
M. tons Nos.

Capacity
4,020,000 120,000,000

Actual Production
3,946,101 71,165,872

Dadabhoy Cement Industries Ltd.

C-30/II, 24th Commercial Street, Phase-2 (Ext.) D.H.A. Karachi.

Management
Mr. Mohammad Hussain Dadabhoy(Chairman) Mr. Fazal Karim Dadabhoy(Director) Mr. Naseemuddin(Director) Syed Nasim Ahmed(Director) Mrs. Yasmeen Dadabhoy(Director) Mrs. Noor Bakht Dadabhoy(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th October , 2009 30th June , 2009

Banker
Saudi Pak Commercial Bank Ltd. MCB Bank Ltd. National Bank Of Pakistan

Auditor
M/s. A.R.Khan & Co.

Mr. Mohammad Amin Dadabhoy(Chief Executive Prime Commercial Bank Limited

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 2.12 5.89 .80 2.74

Production Desc
Cement

Units
M. Tons

Capacity
598,000

Actual Production
8,800

488

Dandot Cement Company Ltd.

30-Sher Shah Block, New Garden Twon, Lahore

Management
Mr. Muhammad Rasheed(Chairman) Mr. Mansoor Rasheed(Chief Executive) Mrs. Tanveer Rasheed(Director) Mr. Saud Rasheed(Director) Ms. Rizwana Rasheed(Director) Mrs. Ayesha Mansoor(Director) Mrs. Amina Saud(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) The Bank Of Punjab Bank Alfalah Limited KASB Bank Ltd. Habib Bank Ltd. United Bank Ltd.

Banker

Auditor
M/s. Amin, Mudassar & Co.

National Bank Of Pakistan Saudi Pak Commercial Bank Ltd. 30th November , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 8.30 26.40 7.45 14.38

Production Desc
Cement

Units
M. Tons

Capacity
504,000

Actual Production
259,598

Dewan Cement Ltd. (Pakland Cement Ltd.)

Blcok-A, 2nd Floor, Finance & Trade Centre, Shahrah-e-Faisal, Karachi.

Management
Dewan M. Yousuf Farooqui(Chairman / C.E.O.) United Bank Ltd. Mr. Haroon Iqbal(Director) Mr. Azizul Haque(Director) Dewan Abdullah Ahmed(Director) Syed Muhammad Ali Khan(Director) Dewan Abdul Baqi Farooqui(Director)

Banker
Allied Bank Of Pakistan Ltd. Askari Commercial Bank Ltd. Faysal Bank Ltd. Habib Bank Ltd. National Bank Of Pakistan

Auditor
M/s. Faruq Ali & Co.

Mr. Basheer Ahmed Chowdry (Creditors)(Directo Standard Chartered Bank Ltd. Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 29th October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 2.75 12.50 1.71 4.99

Production Desc
Clinker

Units
M.Tons

Capacity
2,700,000

Actual Production
1,294,983

489

Fauji Cement Company Ltd.

1st Floor, Aslam Plaza, 60 Adamjee Road, Saddar, Rawalpindi.

Management
Lt. Gen. (Retd.) Hamid Rab Nawaz(Chairman) Brig. (Retd.) Arif Rasul Qureshi(Director) Brig. (Retd.) Munawar Ahmed Rana(Director) Mr. Qaisar Javed(Director) Mr. Riyaz H. Bokhari (IFU)(Director) Brig. (Retd.) Rahat Khan(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 17th October , 2009 30th June , 2009 Habib Bank Ltd.

Banker

Auditor
KPMG Taseer Hadi & Co.

Lt. Gen. (Retd,) Javed Alam Khan(M.D. / C.E.O. Muslim Commercial Bank Ltd. National Bank Of Pakistan Standard Chartered Bank Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 6.59 8.70 2.90 6.62

Production Desc
Cement production

Units
M.Tons

Capacity
1,165,500

Actual Production
1,183,684

Fecto Cement Ltd.

35-Darul Aman Housing Society, Block 7&8, Shahra-e-Faisal, Karachi.

Management
Mr. Mohammed Asad Fecto(Chairman) Mr. Mohammed Yasin Fecto(Chief Executive) Mrs. Zubeda Bai(Director) Mr. Khalid Yacoob(Director) Mr. Muhammad Hussain(Director) Mr. Mohammad Shakeel Arif(Director) Mr. Mohammed Ilyas Khan(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 10 29th October , 2009 30th June , 2009 Habib Bank Ltd. MCB Bank Ltd.

Banker

Auditor
KPMG Taseer Hadi & Co. M/s. Rahman Sarfaraz Rahim Iqbal Rafiq

National Bank Of Pakistan NIB Bank Ltd. Saudi Pak Ind. & Agr. Inv. Co. (Pvt.) Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 15.66 18.99 10.50 13.43 7

Production Desc
Cement

Units
M.Tons

Capacity
780,000

Actual Production
740,330

490

Flying Cement Ltd.

103-Fazal Road, Lahore Cantt, Lahore

Management
Mr. Kamran Khan(Chairman / C.E.O.) Mr. Imran Qamar(Director) Mr. Momin Qamar(Director) Mr. Bilal Qamar(Director) Mrs. Shaista Imran(Director) Mrs. Samina Kamran(Director) Mrs. Misbah Momin(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Askari Bank Ltd. Bank Of Punjab United Bank Ltd.

Banker

Auditor
M/S Tahir Siddiqi & Co.

Al Baraka Islamic Bank Faysal Bank Ltd. MCB Bank Ltd. National Bank of Pakistan. 26th November , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 2.48 7.12 1.50 3.78

Production Desc
Clinker Cement

Units
M.Tons M.Tons

Capacity
1,200,000 1,260,000

Actual Production
90,694 155,214

Gharibwal Cement Ltd.

34 - Main Gulberg , P.O.Box 1285, Lahore

Management
Mr. Mohd. Tousif Peracha(Chairman / C.E.O.) Mrs. Tabassum Tousif Peracha(Director) Mr. Abdul Rafique Khan(Director) Mr. Ali Rashid Khan(Director) Mrs. Amna Khan(Director) Mr. M. Niaz Piracha(Director) Mr. Jawaid Aziz Peracha(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Askari Bank Ltd. Citi Bank N. A.

Banker

Auditor
M/s.. Ford Rhodes Sidat Hyder & Co.

The Royal Bank of Scotland Ltd. Habib Bank Ltd. MCB Bank Ltd. National Bank Of Pakistan Silk Bank Ltd. 01st December , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 15.80 17.38 10.75 12.62

Production Desc
Cliniker Cement

Units
Tons Tons

Capacity
2,010,000 4,320,000

Actual Production
782,074 692,091

491

Javedan Cement Ltd.

2nd Floor, Pardesi House, Survey No.2/1, R.Y.16, Old Queens Road, Karachi.

Management
Mr. Arif Habib(Chairman) Aves Cochinwala(Chief Executive) Mr. Kashif Habib(Director) Mr. Asma Cochinwala(Director) Mr. Ijaz Ahmed(Director) Mr. Bushra Ayub(Director) Mr. Ikram-ul-Haq Siddiqui(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Habib Bank Ltd. MCB Bank Ltd.

Banker
Allied Bank Of Pakistan Ltd.

Auditor
M/s Haroon Zakaria & Company

National Bank Of Pakistan United Bank Ltd. Askari Bank Ltd. Arif Habib Bank Ltd. 28th October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 105.00 124.90 85.00 104.95

Production Desc
Cement

Units
M.Tons

Capacity
600,000

Actual Production
368,357

Kohat Cement Company Ltd.

Kohat Cement Company Ltd., Rawalpindi Road, Kohat.

Management
Mr. Aizaz Mansoor Sheikh(Chief Executive) Mr. Ibrahim Tanseer Sheikh(Director) Mrs. Hafsa Nadeem(Director) Mr. Nadeem Atta Sheikh(Director) Mr. Tariq Atta Sheikh(Director) Mrs. Ghazala Amjad(Director) Mr. Omer Aziz Sheikh(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%)

Banker
National Bank Of Pakistan Askari Commercial Bank Ltd. Allied Bank Of Pakistan Ltd. Standard Chartered Bank ( Pakistan) Ltd. The Bank of Khyber Soneri Bank Ltd. MCB Bank Ltd. 31st October , 2009 30th June , 2009 Face Value

Auditor
KPMG Taseer Hadi & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 7.28 36.27 6.60 17.75

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Cement-Gray Cement-White Clinker-Gray

Units
M.Tons M.Tons M.Tons

Capacity
1,974,000 141,750 1,880,000

Actual Production
781,879 20,215 713,347

492

Lafarge Pak. Cement Ltd. (Pakistan Cement Ltd.)

18-B, Kaghan Road, F-8 Markaz, Islamabad.

Management
Mr. Ahmed Said Heshmat Hassan(Chairman) Mr. Amr Ali Reda(Director) Mrs. Amal Tantawi(Director) Mr. Ashraf Abouelkheir(Director) Mr. Bilal Hamid Jawaid(Director) Mr. Shahid Anwar (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Habib Bank Ltd. Allied Bank Ltd. Citibank N.A. Maj. Gen. (Retd.) Rehmat Khan(Chief Executive MCB Bank Ltd.

Banker

Auditor
M/s. Emst & Young Ford Rhodes Sidat Hyder &

Standard Chartered Bank ( Pakistan) Ltd. United Bank Ltd. NIB Bank Ltd. 29th April , 2010 Face Value Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 2.19 4.24 1.90 2.77

31st December , 2009

Production Desc
Clinker

Units
M.Tons

Capacity
2,400,000

Actual Production
2,224,333

Lucky Cement Ltd.

Tehsil: Pezu, Dist. Lucky Marwat, NWFP(Kyber Pakhtunkhua

Management
Mr.Muhammad Yunus Tabba(Chairman) Mr. Muhammad Ali Tabba(Chief Executive) Mr. Imran Yunus Tabba(Director) Ms. Mariam Razzak(Director) Mrs. Rahila Aleem(Director) Mr. Javed Yunus Tabba(Director) Mr. Muhammad Sohail Tabba(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 40 MCB Bank Ltd. Citi Bank N. A. Habib Bank Limited Allied Bank Ltd.

Banker
Habib Metorpolitan Bank Ltd.

Auditor
M/s Ford Rhodes Sidat Hyder & Co.

The Royal Bank of Scotland Ltd. Bank Al Habib Ltd. 26th October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 58.53 97.45 25.26 60.06 7

Production Desc
Clinker Cement

Units
M. Tons M. Tons

Capacity
7,750,000 7,000,000

Actual Production
5,610,455 5,715,860

493

Maple Leaf Cement Factory Ltd.

42-Lawrence Road, Lahore.

Management
Mr. Tariq Sayeed Saigol(Chairman) Mr. Sayeed Tariq Saigol(Chief Executive) Mr. Kamil Taufique Saigol(Director) Mr. Taufique Sayeed Saigol(Director) Mr. Zamiruddin Azar(Director) Ms. Bushra Naz Malik(Director) Mr. Waleed Tariq Saigol(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Habib Bank Ltd. MCB Bank Ltd.

Banker
Allied Bank Of Pakistan Ltd.

Auditor
M/s. Hameed Chaudhri & Co.

National Bank Of Pakistan Bank Al-Falah Ltd. Soneri Bank Ltd. The Bank Of Punjab 29th October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 4.26 11.50 2.59 5.76

Production Desc
Clinker

Units
M. Tons

Capacity
3,690,000

Actual Production
3,137,065

Mustehkam Cement Ltd.

Bestway Building, 19-A, College Road, F-7 Markaz, Islamabad.

Management
Mr. Muhammad Anwar Pervez(Chairman) Mr. Arshad Mehmood Chaudhary(Director) Mr. Muhammad Irfan A. Sheikh(Director) Mr. Mazhar Rafi(Director) Mr. Arshad Hameed(Director) Mr. Ghulam Sarwar Malik(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Habib Bank Ltd. Bank Al Habib Ltd. NIB Bank Ltd. Allied Bank Ltd. Arif Habib Bank Ltd.

Banker

Auditor
KPMG Taseer Hadi & Co.

Mr. Zameer Mohammed Choudrey(Chief Execut National Bank Of Pakistan

Standard Chartered Bank ( Pakistan) Ltd. 31st October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 42.75 91.00 42.75 66.88

Production Desc
Cliniker

Units
M.Tons

Capacity
573,000

Actual Production
225,982

494

Pioneer Cement Ltd.

1st Floor, Alfalah Building, Shahrah-e-Quaid-e-Azam, Lahore.

Management
Malik Manzoor Hayat Noon(Chairman) Mr. Javed Ali Khan(M.D. / C.E.O.) Mr. Aly Khan(Director) Mr. Nadir Rahman(Director) Mr. Wajahat A. Baqai (NBP)(Director) Mr. William Gardon Rodgers(Director) Mr. Rafique Dawood (FDIB)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Bank Al-Habib Ltd. Habib Bank Ltd.

Banker

Auditor
M/S Ford Rhodes Sidat Hyder & Co.

National Bank Of Pakistan Askari Bank Ltd. United Bank Limited The Bank Of Punjab Bank Islami Pakistan Ltd. 31st October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in 2009 Lowest Price in Average Price in Investment Yield% 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 13.58 29.37 6.70 18.05

Production Desc
Clinker Cement

Units
M. Tons M. Tons

Capacity
1,995,000 Indeterminable

Actual Production
1,145,094 1,166,095

Thatta Cement Company Ltd.

Perdesi House, Survey No. 2/1, R.Y.16, Old Queens Road, Karachi-74000

Management
Mrs. Zetun Hajiani(Director) Mr. Muhammad Arif Habib(Chairman) Mr. Muhammad Akmal Jameel(Director) Mr. Muhammad Khubaib(Director) Mr. Muhamamd Kashif(Director) Mr. Muhammad Ejaz(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 17th October , 2009 30th June , 2009 Arif Habib Bank Ltd. MCB Bank Ltd.

Banker
Al Baraka Islamic Bank

Auditor
M/S Hyder Bhimji & Co.

Mr. Muhammad Fazlullah Shariff(Chief Executive National Bank of Pakistan. Standard Chartered Bank ( Pakistan) Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in 2009 Lowest Price in Average Price in Investment Yield% 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 19.87 25.68 6.15 15.81

Production Desc
Clinker Cement

Units
M. Tons M.Tons

Capacity
450,000 -

Actual Production
371,900 324,788

495

Zeal Pak Cement Factory Ltd.

7th Floor, PIC Tower, 32-A, Lalazar Drive, Molvi Tamizuddin Khan Road, Karachi.

Management
Mr. Mazhar Ali Jatoi(Chairman) Mr. Jehangir Akbar(Chief Executive) Mr. Muhammad Moosa(Director) Mr. Mushtaq Ali Shah Bukhari(Director) Mr. Ashraf Ali Jatoi(Director) Mr. Nawab Ali Jatoi(Director) Mr. Nawab Ahmed Khanzada(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 26th March 30th June , 2010 , 2009 Bank of Punjab Ltd. MCB Bank Ltd

Banker
Allied Bank Of Pakistan Ltd.

Auditor
M/s. Hamid Khan & Co.

National Bank of Pakistan. The Royal Bank of Scotland Ltd. Meezan Bank Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 .46 2.72 .24 .94

Production Desc
Cement Bages

Units
M.Tons No.s

Capacity
1,755,000 15,000,000

Actual Production
143,715 84,000

496

Fuel & Energy Sector

Fuel And Energy Sector

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

109308.0 97082.9 206390.9 0.0 1456.7 55749.9 57206.6 263597.5 69922.7 62795.8 7126.9 110831.4 38684.8 219438.9 178896.1 236102.7 40542.8 76908.0 -108973.4

2005
141411.1 161779.1 303190.2 0.0 416.3 39377.9 39794.2 342984.4 109730.0 97213.3 12516.7 147489.2 41507.1 298726.3 223819.4 263613.6 74906.9 62813.9 -114089.4

2006
142310.7 169210.5 311521.2 0.2 535.7 34165.7 34701.6 346222.8 138826.3 80666.3 58160.0 193279.3 60391.5 392497.1 321780.9 356482.5 70716.2 64994.6 -182954.6

2007
146429.4 159524.5 305953.9 4509.3 3329.1 45234.4 53072.8 359026.7 117716.9 67734.8 49982.1 252516.1 72234.4 442467.4 395634.9 448707.7 46832.5 96013.9 -277918.0

2008
149322.1 175352.6 324674.7 5983.4 1087.1 58929.2 65999.7 390674.4 152451.8 92786.9 59664.9 366784.0 116651.6 635887.4 601238.1 667237.8 34649.3 142035.3 -448786.3

2009
150799.1 206531.2 357330.3 5983.4 1040.0 59720.9 66744.3 424074.6 88542.3 49948.7 38593.6 630578.2 90426.4 809546.9 772971.9 839716.2 36575.0 127669.7 -684429.6

381760.0 468646.1 498445.8 526881.1 605847.7 662396.9 223054.8 268077.5 275506.5 312194.1 356025.1 387499.5 18160.8 23414.4 24777.9 23188.1 24793.0 25631.7 442493.7 566803.8 668003.6 754661.5 991912.5 1197046.4 655890.1 648419.8 7470.3 571059.8 84830.3 606385.8 67037.9 5954.2 61083.7 14405.1 31441.2 124.3 77871.1 15237.4 62633.7 953328.3 940811.9 12516.4 820076.3 133252.0 861000.0 104980.6 7033.9 97946.7 28930.0 47959.0 158.3 1296578.6 1275004.3 21574.3 1136150.4 160428.2 1184462.5 142103.6 9609.9 132493.7 39643.5 66237.2 1811.9 1445910.5 1420543.9 25366.6 1285235.1 160675.4 1342730.4 126374.7 11583.0 114791.7 35364.5 61184.5 1047.7 12803.9 18242.7 -5438.8 41430.8 35992.0 14.8 111.8 93.6 146.7 15.2 142.5 115.1 208.9 92.9 9.2 0.8 12.1 30.8 10.0 37.5 129.8 20.0 7.9 7.8 5.4 9.0 191.6 -16.1 11.5 20.9 1772186.6 1732971.1 39215.5 1548041.9 224144.7 1624715.6 175613.1 19272.0 156341.1 52714.6 75401.7 1614.1 31647.7 28224.8 3422.9 53017.8 56440.7 16.9 105.8 86.4 205.5 15.8 89.2 93.9 217.4 91.7 11.0 1.1 13.6 33.7 13.7 48.2 137.4 23.2 8.8 10.5 6.9 8.0 178.7 34.6 22.6 21.7 1885039.0 1843370.9 41668.1 1685291.2 199747.8 1769456.5 154674.3 38966.5 115707.8 38431.3 66559.0 2027.2 33400.2 10717.5 22682.7 36349.2 59031.9 15.7 104.7 93.0 235.0 9.7 32.1 61.6 237.0 93.9 25.2 2.1 30.5 33.2 21.1 32.4 116.1 18.6 6.1 7.7 5.1 8.1 157.5 -26.7 6.4 23.7

79386.9 3238.4 21057.7 26613.0 58329.2 -23374.6 51390.9 28016.3 10.0 122.0 103.2 114.4 19.8 821.8 183.4 218.9 91.4 6.8 0.7 14.8 29.9 8.5 42.5 140.2 21.3 10.2 9.3 6.5 9.2 194.1 34.8 36.0 21.9

33398.2 44472.1 96031.9 102801.3 21.7 122.7 101.0 114.4 13.8 19.6 34.8 188.8 92.5 8.9 0.9 7.7 23.6 9.2 29.6 148.5 15.2 9.3 5.6 4.3 8.4 148.2 75.0 15.6 18.9 11.6 133.5 114.9 86.9 17.3 26.5 43.3 214.4 90.3 6.7 0.7 11.2 29.5 8.8 32.3 143.9 15.8 10.3 6.9 4.9 9.2 168.2 23.2 45.3 21.4

499

Fuel & Energy

Operating, Financial & Investment Ratios

250
200
%

150 100 50 0

2004

2005 Gearing ratio

2006 Debt equity ratio

2007 Current ratio

2008

2009

Altern Energy Limited

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

221.0 -0.8 220.2 0.0 0.0 86.5 86.5 306.7 15.4 15.4 0.0 27.3 0.0 42.7 173.7 260.2 -131.0 200.4 -158.3 592.3 437.8 44.0 480.5 95.1 95.1 0.0 95.5 -0.4 121.2 -25.7 20.9 -46.6 0.0 0.0 0.0 -84.7 -46.6 -38.1 -2.6 -40.7 28.2 24.6 24.6 118.2 -9.7 99.6 127.4 22.0 10.4 0.9 -21.2 0.0 -49.0 -2.1 -2.1 9.4 19.8 -200.0 -42.8 10.0

2005
221.0 -102.9 118.1 0.0 0.0 57.3 57.3 175.4 9.2 9.2 0.0 59.6 0.0 68.8 278.6 335.9 -209.8 165.8 -269.4 574.1 385.2 39.4 454.0 24.8 24.8 0.0 77.1 -52.3 114.6 -89.6 11.9 -101.5 0.0 0.0 0.0 -131.3 -101.5 -29.8 -62.1 -91.9 32.7 24.7 24.7 284.4 -22.4 53.4 462.1 48.0 7.2 0.0 -85.9 0.0 -409.3 -4.6 -4.6 9.1 5.5 119.0 -73.9 5.3

2006
221.0 -219.0 2.0 0.0 0.0 0.0 0.0 2.0 56.3 56.3 0.0 164.5 0.0 220.8 619.6 619.6 -398.8 101.2 -563.3 624.7 400.8 35.5 621.6 0.0 0.0 0.0 38.1 -38.1 74.1 -69.5 43.8 -113.3 1.6 0.0 0.0 -173.4 -114.9 -58.5 -79.4 -137.9 0.0 35.6 35.6 30980.0 -18.2 66.3 57.6 0.9 0.0 -63.0 0.0 43.3 -1.4 0.0 -5665.0 0.0 0.0 0.0 -5.1 -5.2 8.2 0.0 10.9 -100.0 0.1

2007
3425.5 3769.9 7195.4 0.0 0.0 15528.0 15528.0 22723.4 1740.9 1740.9 0.0 2988.5 277.2 5006.6 5502.3 21030.3 -495.7 17824.6 -3761.4 24142.7 23219.2 699.6 28225.8 0.0 0.0 0.0 37.2 -37.2 50.4 -48.9 24.3 -73.2 0.5 0.0 0.0 22721.4 -73.7 22795.1 625.9 23421.0 68.3 91.0 86.0 292.3 -0.3 -0.3 2.7 210.1 0.0 -49.7 0.0 0.1 -0.7 0.0 -1.0 0.0 0.0 0.0 -0.2 -0.2 122.0 0.0 -96.1 21.0

2008
3425.5 4261.7 7687.2 0.0 0.0 15670.5 15670.5 23357.7 1072.3 1072.3 0.0 4164.0 355.0 5591.3 7312.0 22982.5 -1720.7 18636.1 -6239.7 27127.7 25078.4 1166.1 30669.7 11402.9 11402.9 0.0 8515.7 2887.2 8623.1 2870.4 1739.2 1131.2 0.5 0.0 0.0

2009
3425.5 -686.9 2738.6 0.0 0.0 944.9 944.9 3683.5 3289.4 84.9 3204.5 122.5 0.0 3411.9 805.8 1750.7 2606.1 1068.2 2483.6 1611.8 1077.5 72.2 4489.4 659.7 659.7 0.0 509.1 150.6 689.3 -26.7 212.3 -239.0 1.0 0.0 0.0

634.3 -19674.2 1130.7 -240.0 -496.4 -19434.2 2296.8 -167.8 1800.4 -19602.0 67.1 76.5 71.6 299.0 3.7 178.3 127.6 224.4 75.6 60.6 15.3 9.3 0.0 0.0 14.7 0.0 0.0 9.9 3.3 3.3 5.0 37.2 -1750.0 22.4 25.7 423.4 423.4 63.9 -5.3 1.2 0.9 79.9 104.5 -795.1 32.2 19.9 -0.4 17.8 -8.7 0.0 0.0 -36.2 -0.7 -0.7 5.7 14.7 -121.2 -94.2 8.0

501

Attock Petroleum Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

-

2005
400.0 613.1 1013.1 0.0 0.0 0.0 0.0 1013.1 1357.9 1267.1 90.8 644.7 110.1 2112.7 1434.8 1434.8 677.9 0.0 -76.9 433.6 335.2 32.1 2447.9 11217.0 11217.0 0.0 10786.0 431.0 10950.8 559.9 0.0 559.9 167.0 200.0 100.0 192.9 225.0 0.0 147.2 139.6 141.6 22.9 0.0 0.0 253.3 97.6 0.0 0.0 29.8 2.5 55.3 196.5 19.7 5.0 14.0 9.8 11.1 458.2 1300.0 25.3

2006
400.0 1645.7 2045.7 0.0 0.0 0.0 0.0 2045.7 2634.2 2280.9 353.3 3354.8 74.2 6063.2 4538.4 4538.4 1524.8 0.0 -1904.2 673.0 520.9 55.8 6584.1 46223.8 46223.8 0.0 44411.9 1811.9 44754.1 1945.6 0.0 1945.6 553.0 480.0 0.0 1032.6 912.6 120.0 968.4 1088.4 0.0 133.6 132.0 221.9 29.5 88.4 89.0 511.4 96.8 0.0 0.0 0.0 28.4 5.4 95.1 290.1 23.5 4.2 48.6 34.8 16.6 702.1 247.1 312.1 51.1

2007
400.0 3054.3 3454.3 0.0 0.0 0.0 0.0 3454.3 4268.8 4066.8 202.0 3771.9 341.7 8382.4 5529.5 5529.5 2852.9 0.0 -1260.7 816.4 601.3 63.4 8983.7 49965.9 49965.9 0.0 47920.9 2045.0 48330.5 2435.7 0.0 2435.7 723.0 560.0 80.0 1408.6 1152.7 255.9 1216.1 1472.0 0.0 151.6 145.4 160.1 27.1 81.8 82.6 863.6 96.7 0.0 0.0 0.0 29.7 5.0 70.5 305.8 16.2 4.9 60.9 42.8 12.2 556.2 25.3 8.1 86.4

2008
480.0 5055.8 5535.8 0.0 0.0 0.0 0.0 5535.8 7157.4 6117.9 1039.5 7134.3 299.1 14590.8 9977.5 9977.5 4613.3 0.0 -2820.1 1212.2 922.6 77.2 15513.4 60130.1 60130.1 0.0 57381.7 2748.4 57937.7 3529.6 0.0 3529.6 924.0 960.0 96.0 2081.5 1645.6 435.9 1722.8 2158.7 0.0 146.2 143.2 180.2 22.8 79.1 79.8 1153.3 96.4 0.0 0.0 0.0 26.2 9.7 63.8 271.4 17.3 5.9 73.5 54.3 12.8 387.6 20.7 20.3 115.3

2009
576.0 6506.3 7082.3 0.0 0.0 0.0 0.0 7082.3 8168.3 7434.9 733.4 8829.7 141.5 17139.5 11188.1 11188.1 5951.4 0.0 -3019.8 1485.4 1130.9 82.6 18270.4 61863.2 61863.2 0.0 58570.8 3292.4 59076.9 3630.3 0.0 3630.3 1120.0 1440.0 0.0 1546.5 1070.3 476.2 1152.9 1629.1 0.0 153.2 151.9 158.0 19.9 69.2 70.8 1229.6 95.5 0.0 0.0 0.0 30.9 12.7 51.3 174.3 20.3 5.9 63.0 43.6 9.0 338.6 -14.3 2.9 123.0

502

Attock Refinery Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

291.6 3195.0 3486.6 0.0 0.0 30.0 30.0 3516.6 3318.0 3308.7 9.3 3773.0 1738.6 8829.6 8837.7 8867.7 -8.1 90.0 -5519.7 5871.4 3524.6 349.1 12354.2 29512.2 26796.3 2715.9 28580.6 931.6 28865.5 787.3 11.7 775.6 433.4 284.9 0.0 159.8 57.3 102.5 406.4 508.9 0.9 99.9 80.2 254.3 6.3 35.9 79.9 1195.7 97.8 1.5 0.0 13.0 55.9 10.8 22.2 120.1 8.2 2.6 26.6 11.7 9.3 238.9 38.5 8.5 119.6

2005
349.9 4457.9 4807.8 0.0 0.0 0.0 0.0 4807.8 7889.6 5480.6 2409.0 5022.9 2100.6 15013.1 13560.0 13560.0 1453.1 30.0 -5670.4 6040.0 3354.7 339.3 18367.8 47493.4 44118.2 3375.2 44944.2 2549.2 45491.9 2219.6 30.1 2189.5 926.9 116.6 58.3 1291.2 1146.0 145.2 1485.3 1630.5 0.0 110.7 95.2 282.0 11.9 88.8 91.1 1374.0 95.8 1.4 0.1 100.3 42.3 8.8 45.5 1082.8 2.4 4.6 62.6 36.1 9.6 258.6 135.3 60.9 137.4

2006
454.9 4677.0 5131.9 0.0 0.0 3410.3 3410.3 8542.2 16654.5 8031.6 8622.9 5674.0 3523.8 25852.3 20554.2 23964.5 5298.1 4547.1 -3899.7 6266.9 3244.0 340.4 29096.3 70001.3 61488.3 8513.0 69429.6 571.7 69694.6 933.8 498.4 435.4 400.0 0.0 105.0 3734.4 35.4 3699.0 375.8 4074.8 39.9 125.8 108.6 467.0 1.5 0.9 9.2 1128.1 99.6 53.4 0.7 11.0 91.9 6.7 8.5 0.0 0.0 0.6 9.6 0.8 10.1 240.6 -84.7 47.4 112.8

2007
568.6 5133.4 5702.0 0.0 0.0 0.0 0.0 5702.0 18141.4 8880.1 9261.3 7225.7 3852.6 29219.7 26485.9 26485.9 2733.8 0.0 -8344.5 6347.5 2968.1 340.4 32187.8 74316.6 66083.8 8232.8 73462.6 854.0 73756.6 560.0 234.3 325.7 476.5 227.4 142.2 -2840.2 -378.2 -2462.0 -37.8 -2499.8 0.0 110.3 95.8 464.5 1.0 13.3 1.5 1002.8 99.2 41.8 0.3 0.0 146.3 8.4 5.7 -66.3 4.0 0.4 5.7 -2.7 10.5 230.9 -40.6 6.2 100.3

2008
710.8 10911.6 11622.4 0.0 0.0 0.0 0.0 11622.4

2009
852.9 11217.5 12070.4 0.0 0.0 0.0 0.0 12070.4

32080.2 6802.3 18944.6 6802.3 13135.6 0.0 10226.5 29900.0 4844.9 4869.0 47151.6 41571.3 38458.9 32417.1 38458.9 32417.1 8692.7 9154.2 0.0 0.0 -6378.7 -25614.8 6663.7 2929.7 391.5 50081.3 93654.3 82828.7 10825.6 89646.4 4007.9 90100.6 4131.6 1244.4 2887.2 1054.1 568.6 142.2 5920.4 1264.5 4655.9 1656.0 6311.9 0.0 122.6 110.0 330.9 5.8 21.4 26.2 1635.1 96.2 30.1 1.3 0.0 36.5 9.8 24.8 322.4 4.9 3.1 40.6 25.8 13.2 187.0 612.3 26.0 163.5 6708.3 2916.2 126.8 44487.5 77260.5 69188.2 8072.3 75342.1 1918.4 75710.1 2544.1 1471.5 1072.6 631.7 0.0 0.0 448.0 440.9 7.1 567.7 574.8 0.0 128.2 113.2 268.6 2.4 98.4 98.8 1415.2 98.0 57.8 1.9 0.0 58.9 20.1 8.9 0.0 0.0 1.4 12.6 5.2 4.3 173.7 -69.0 -17.5 141.5

503

Byco Petruleum (Bosicor Pakistan Limited.)

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

1750.5 -13.9 1736.6 0.0 291.0 1126.5 1417.5 3154.1 81.2 81.2 0.0 1665.6 924.2 2671.0 1995.5 3413.0 675.5 1597.5 -1914.3 2488.2 2478.5 5.7 5149.5 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 5.7 44.9 133.9 87.5 196.5 0.0 0.0 0.0 99.2 0.0 0.0 0.0 0.0 0.0 9.5 0.0 9.9

2005
2450.7 105.1 2555.8 0.0 0.0 820.8 820.8 3376.6 300.9 300.9 0.0 1483.0 1812.3 3596.2 3493.8 4314.6 102.4 1634.9 -3192.9 3621.4 3274.2 337.5 6870.4 11522.1 11522.1 0.0 11130.6 391.5 11236.2 288.7 106.3 182.4 50.0 0.0 0.0 222.5 132.4 90.1 469.9 560.0 24.3 102.9 51.1 168.8 2.7 59.5 83.9 104.3 97.5 36.8 0.9 6.5 27.4 10.9 7.1 0.0 1.6 0.7 0.5 13.6 167.7 0.0 10.4

2006
2450.7 290.2 2740.9 0.0 535.7 464.9 1000.6 3741.5 2189.8 2189.8 0.0 1281.4 3909.4 7380.6 7358.4 8359.0 22.2 1890.7 -5168.6 4390.6 3719.3 325.6 11099.9 21633.6 21201.3 432.3 21008.9 624.7 21147.5 587.0 285.6 301.4 89.6 0.0 0.0 364.9 211.8 153.1 537.4 690.5 26.7 100.3 47.2 305.0 2.7 58.0 77.8 111.8 97.8 48.7 1.3 15.1 29.7 5.1 11.0 0.0 0.0 1.4 1.2 0.9 9.9 194.9 71.4 87.8 11.2

2007
2450.7 2583.9 5034.6 0.0 321.4 1130.2 1451.6 6486.2

2008
3921.0 1168.6 5089.6 0.0 107.1 826.8 933.9 6023.5

2009
3921.0 -6519.9 -2598.9 0.0 0.0 5432.1 5432.1 2833.2

2088.9 7906.5 2078.4 1788.9 7906.5 2078.4 300.0 0.0 0.0 1574.7 3645.3 10266.9 5177.4 11934.2 4487.8 8841.0 23486.0 16833.1 8742.3 26027.4 28778.3 10193.9 26961.3 34210.4 98.7 -2541.4 -11945.2 2311.0 2539.4 7092.3 -6653.4 -18120.9 -26699.9 7275.7 6387.5 219.9 15228.5 23349.6 22435.6 914.0 23422.1 -72.5 23618.2 -222.5 405.6 -628.1 96.9 0.0 0.0 2744.7 -725.0 3469.7 -505.1 2964.6 22.4 101.1 41.9 202.5 -4.1 -26.4 -17.0 205.4 101.2 -182.3 1.7 17.6 -15.4 4.6 -12.5 0.0 0.0 -2.7 -2.6 -3.0 5.9 153.3 -316.7 7.9 20.5 9698.6 8564.9 249.3 32050.9 16389.6 14778.6 482.0 31611.7

40092.1 44621.0 40092.1 39103.3 0.0 5517.7 37950.2 48530.1 2141.9 -3909.1 39597.9 53504.0 681.2 -8545.8 497.2 1781.4 184.0 -10327.2 179.0 55.2 0.0 0.0 0.0 0.0 -462.7 5.0 -467.7 254.3 -213.4 15.5 90.2 44.4 529.7 0.6 -1.1 -119.2 129.8 98.8 73.0 1.2 19.6 97.3 8.0 3.6 0.0 0.0 0.5 0.5 0.0 3.9 125.1 -119.2 71.7 13.0 -3190.3 -10382.4 7192.1 -9900.4 -2708.3 191.7 58.5 42.9 0.0 -32.7 325.4 365.6 -66.3 119.9 -20.8 4.0 25.1 -0.5 20.4 0.0 0.0 0.0 -23.1 -26.3 -26.5 5.6 141.2 -5360.0 11.3 -6.6

504

Generteck Pakistan Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

198.0 68.4 266.4 0.0 0.0 257.0 257.0 523.4 5.0 5.0 0.0 264.5 0.0 269.5 337.7 594.7 -68.2 532.1 -332.7 1141.4 591.5 58.9 861.0 663.9 663.9 0.0 595.8 68.1 611.7 53.9 38.8 15.1 0.0 0.0 0.0 9.3 15.1 -5.8 74.0 68.2 49.1 79.8 79.8 223.2 1.8 162.4 108.5 134.5 92.1 72.0 5.8 7.3 0.0 25.4 5.7 0.0 2.3 0.8 0.8 9.9 77.1 -128.6 6.0 13.5

2005
198.0 -14.5 183.5 0.0 0.0 165.2 165.2 348.7 0.8 0.8 0.0 226.1 24.6 251.5 458.6 623.8 -207.1 525.9 -457.8 609.9 555.8 53.3 807.3 597.1 597.1 0.0 626.2 -29.1 642.0 -42.3 40.7 -83.0 0.0 0.0 0.0 -174.7 -83.0 -91.7 -29.7 -121.4 47.4 54.8 49.5 339.9 -10.3 92.7 107.5 6.8 7.7 28.0 -45.2 0.0 -13.9 -4.2 -4.2 9.0 74.0 -625.0 -10.1 9.3

2006
198.0 -163.6 34.4 0.0 0.0 111.7 111.7 146.1 2.4 2.4 0.0 199.1 9.1 210.6 550.9 662.6 -340.3 515.5 -548.5 1105.8 486.4 45.5 697.0 104.0 104.0 0.0 175.1 -71.1 182.1 -88.2 48.8 -137.0 0.0 0.0 0.0 -202.6 -137.0 -65.6 -91.5 -157.1 76.5 38.2 36.6 1926.2 -19.7 67.6 58.2 17.4 175.1 -55.3 46.9 9.5 0.0 144.1 -398.3 0.0 0.0 -131.7 -6.9 -6.9 8.2 14.9 64.3 -82.6 1.7

2007
198.0 -163.6 34.4 0.0 0.0 111.7 111.7 146.1 2.4 2.4 0.0 199.1 9.1 210.6 550.9 662.6 -340.3 515.5 -548.5 1105.8 486.4 45.5 697.0 104.0 104.0 0.0 175.1 -71.1 182.1 -88.2 48.8 -137.0 0.0 0.0 0.0 0.0 -137.0 137.0 -91.5 45.5 76.5 38.2 36.6 1926.2 -19.7 0.0 -201.1 17.4 175.1 -55.3 46.9 9.5 0.0 144.1 -398.3 0.0 0.0 -131.7 -6.9 -6.9 8.2 14.9 0.0 0.0 1.7

2008
198.0 -349.6 -151.6 0.0 0.0 74.8 74.8 -76.8 1.2 1.2 0.0 182.8 0.0 184.0 648.3 723.1 -464.3 485.4 -647.1 1061.2 387.5 38.0 571.5 36.7 36.7 0.0 82.2 -45.5 91.7 -44.2 43.5 -87.7 0.0 0.0 0.0 -222.9 -87.7 -135.2 -49.7 -184.9 0.0 28.4 28.4 0.0 -15.3 39.3 26.9 -76.6 249.9 -98.4 118.5 9.0 0.0 394.0 0.0 0.0 0.0 -239.0 -4.4 -4.4 8.5 6.4 -36.2 -64.7 -7.7

2009
198.0 -349.6 -151.6 0.0 0.0 74.8 74.8 -76.8 1.2 1.2 0.0 182.8 0.0 184.0 648.3 723.1 -464.3 485.4 -647.1 1061.2 387.5 38.0 571.5 36.7 36.7 0.0 82.2 -45.5 91.7 -44.2 43.5 -87.7 0.0 0.0 0.0 0.0 -87.7 87.7 -49.7 38.0 0.0 28.4 28.4 0.0 -15.3 0.0 -130.8 -76.6 249.9 -98.4 118.5 9.0 0.0 394.0 0.0 0.0 0.0 -239.0 -4.4 -4.4 8.5 6.4 0.0 0.0 -7.7

505

Ideal Energy Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

80.0 173.2 253.2 0.0 0.0 0.0 0.0 253.2 15.1 15.1 0.0 142.7 10.9 168.7 67.3 67.3 101.4 34.3 -52.2 354.6 151.8 16.6 320.5 247.2 247.2 0.0 217.8 29.4 222.3 24.9 0.9 24.0 0.0 1.6 0.0 8.4 22.4 -14.0 39.0 25.0 0.0 250.7 234.5 26.6 7.5 266.7 156.0 316.5 89.9 3.6 0.4 2.6 0.0 46.6 9.5 1500.0 0.6 9.7 3.0 3.0 9.5 77.1 -23.1 -26.2 31.7

2005
80.0 165.0 245.0 0.0 0.0 0.0 0.0 245.0 2.9 2.9 0.0 155.6 5.3 163.8 59.2 59.2 104.6 27.5 -56.3 358.8 140.4 15.5 304.2 208.3 208.3 0.0 211.1 -2.8 215.9 -7.6 0.2 -7.8 0.1 0.0 0.0 -8.2 -7.9 -0.3 7.6 7.3 0.0 276.7 267.7 24.2 -2.6 104.1 306.3 103.6 0.1 0.7 63.0 -3.2 0.0 -3.7 -1.0 -1.0 10.2 68.5 -133.3 -15.7 30.6

2006
80.0 141.6 221.6 0.0 0.0 0.0 0.0 221.6 2.2 2.2 0.0 84.5 5.5 92.2 8.9 8.9 83.3 0.0 -6.7 360.1 138.3 4.4 230.5 9.7 9.7 0.0 24.0 -14.3 26.9 -17.1 2.9 -20.0 0.0 0.0 0.0 -23.4 -20.0 -3.4 -15.6 -19.0 0.0 1036.0 974.2 4.0 -8.7 85.5 82.1 277.0 277.3 -17.0 29.9 0.0 0.0 624.7 -9.0 0.0 0.0 -206.2 -2.5 -2.5 3.1 4.2 150.0 -95.3 27.7

2007
80.0 132.8 212.8 0.0 0.0 0.0 0.0 212.8 1.5 1.5 0.0 74.1 5.6 81.2 3.0 3.0 78.2 0.0 -1.5 360.7 134.6 4.2 215.8 7.2 7.2 0.0 13.3 -6.1 16.0 -8.8 0.1 -8.9 0.0 0.0 0.0 -8.8 -8.9 0.1 -4.7 -4.6 0.0 2706.7 2520.0 1.4 -4.1 101.1 102.2 266.0 222.2 -1.1 1.4 0.0 0.0 695.8 -4.2 0.0 0.0 -123.6 -1.1 -1.1 3.0 3.3 -56.0 -25.8 26.6

2008
80.0 116.8 196.8 0.0 0.0 0.0 0.0 196.8 3.3 3.3 0.0 63.7 6.4 73.4 7.1 7.1 66.3 0.0 -3.8 360.4 130.5 4.1 203.9 32.5 32.5 0.0 45.5 -13.0 48.5 -16.0 0.0 -16.0 0.0 0.0 0.0 -16.0 -16.0 0.0 -11.9 -11.9 0.0 1033.8 943.7 3.6 -7.8 100.0 100.0 246.0 149.2 0.0 0.0 0.0 0.0 114.5 -8.1 0.0 0.0 -49.2 -2.0 -2.0 3.0 15.9 81.8 351.4 24.6

2009
80.0 98.6 178.6 0.0 0.0 0.0 0.0 178.6 0.2 0.2 0.0 55.9 1.9 58.0 5.9 5.9 52.1 0.0 -5.7 357.9 126.5 3.9 184.5 21.8 21.8 0.0 36.9 -15.1 40.0 -18.2 0.0 -18.2 0.0 0.0 0.0 -18.2 -18.2 0.0 -14.3 -14.3 0.0 983.1 950.8 3.3 -9.9 100.0 100.0 223.3 183.5 0.0 0.0 0.0 0.0 156.9 -10.2 0.0 0.0 -83.5 -2.3 -2.3 3.0 11.8 15.0 -32.9 22.3

506

Japan Power Generation Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

1332.0 -914.8 417.2 0.0 0.0 5308.9 5308.9 5726.1 6.1 6.1 0.0 324.2 56.0 386.3 587.7 5896.6 -201.4 5507.6 -581.6 6916.3 5927.5 237.3 6313.8 2019.9 2019.9 0.0 1636.0 383.9 1706.2 321.6 413.1 -91.5 1.3 0.0 0.0 -79.1 -92.8 13.7 144.5 158.2 92.7 65.7 56.2 1413.4 -1.4 91.3 31.3 84.5 128.5 20.5 7.5 7.6 -21.9 0.0 -4.5 -0.7 -0.7 3.9 32.0 -68.2 -11.1 3.1

2005
1332.0 -994.9 337.1 0.0 0.0 4996.0 4996.0 5333.1 4.9 4.9 0.0 455.7 70.0 530.6 900.7 5896.7 -370.1 5379.4 -895.8 6929.2 5703.2 237.8 6233.8 2194.8 2194.8 0.0 1818.8 376.0 1881.0 321.3 411.2 -89.9 0.2 0.0 0.0 -393.0 -90.1 -302.9 147.7 -155.2 93.7 58.9 51.1 1749.2 -1.4 25.3 85.7 128.0 18.7 7.6 4.2 -26.7 0.0 -4.1 -0.7 -0.7 4.0 35.2 0.0 8.7 2.5

2006
1332.0 -576.4 755.6 0.0 0.0 5194.5 5194.5 5950.1 4.0 4.0 0.0 917.5 208.9 1130.4 1187.6 6382.1 -57.2 5407.3 -1183.6 6912.6 6007.2 236.8 7137.6 3517.0 3517.0 0.0 3155.5 361.5 3373.6 155.7 423.9 -268.2 0.3 0.0 0.0 617.0 -268.5 885.5 -31.7 853.8 87.3 95.2 77.6 844.6 -3.8 -43.5 -3.7 56.7 95.9 272.3 12.1 7.8 -0.1 15.4 -35.5 0.0 0.0 -7.6 -2.0 -2.0 4.2 49.3 185.7 60.2 5.7

2007
1476.2 -937.2 539.0 0.0 0.0 5122.3 5122.3 5661.3 7.7 7.7 0.0 1146.5 93.2 1247.4 1336.1 6458.4 -88.7 5362.3 -1328.4 7448.3 5749.9 253.4 6997.3 4018.2 4018.2 0.0 3739.8 278.4 3768.9 262.9 479.3 -216.4 0.2 0.0 0.0 -288.8 -216.6 -72.2 36.8 -35.4 90.5 93.4 86.4 1198.2 -3.1 75.0 -104.0 36.5 93.8 182.3 11.9 8.9 -0.1 19.0 -40.1 0.0 0.0 -5.4 -1.5 -1.5 4.2 57.4 -25.0 14.3 3.7

2008
1476.2 -1015.7 460.5 0.0 0.0 5028.0 5028.0 5488.5 20.9 20.9 0.0 1447.8 131.7 1600.4 1627.7 6655.7 -27.3 5357.7 -1606.8 7465.5 5515.7 232.9 7116.1 4499.1 4499.1 0.0 4214.1 285.0 4255.9 361.8 524.0 -162.2 0.6 0.0 0.0 -172.8 -162.8 -10.0 70.1 60.1 91.6 98.3 90.2 1445.3 -2.3 94.2 116.6 31.2 94.6 144.8 11.6 9.8 -0.4 19.2 -35.2 0.0 0.0 -3.6 -1.1 -1.1 4.1 63.2 -26.7 12.0 3.1

2009
1560.4 -1692.4 -132.0 0.0 0.0 3957.3 3957.3 3825.3 24.8 24.8 0.0 982.5 105.5 1112.8 2604.3 6561.6 -1491.5 4650.5 -2579.5 7515.9 5316.8 236.3 6429.6 3505.8 3505.8 0.0 3281.2 224.6 3352.2 168.2 760.2 -592.0 0.4 0.0 0.0 -1663.2 -592.4 -1070.8 -356.1 -1426.9 103.5 42.7 38.7 0.0 -9.2 35.6 25.0 -8.5 95.6 452.0 21.7 16.3 -0.1 19.4 0.0 0.0 0.0 -16.9 -3.8 -3.8 4.3 54.5 245.5 -22.1 -0.8

507

Karachi Electric Supply Corporation Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

30801.0 -3807.7 26993.3 0.0 0.0 21786.7 21786.7 48780.0

2005

2006

2007

2008

2009

46084.8 46084.8 46084.8 46084.8 46084.8 -7976.8 -16804.5 -28911.7 -45180.7 -51910.1 38108.0 29280.3 17173.1 904.1 -5825.3 0.0 0.0 4509.3 5983.4 5983.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1136.8 7994.6 17032.4 0.0 0.0 5646.1 13978.0 23015.8 38108.0 29280.3 22819.2 14882.1 17190.5

4599.5 2445.8 2725.2 4545.0 2434.4 1957.6 4544.0 2445.8 1834.7 3937.3 2334.1 1957.6 55.5 0.0 890.5 607.7 100.3 0.0 15463.1 15728.7 20734.2 17338.2 26704.1 46612.1 0.0 0.0 0.0 4668.1 0.0 0.0 20062.6 18174.5 23459.4 26551.3 29138.5 48569.7 13725.8 21930.9 36251.1 54501.9 78161.7 113573.1 35512.5 21930.9 36251.1 60148.0 92139.7 136588.9 6336.8 -3756.4 -12791.7 -27950.6 -49023.2 -65003.4 22104.1 0.0 3600.0 10528.5 14249.4 27329.8 -9126.3 -19485.1 -33525.9 -49956.9 -75727.3 -111615.5 79486.2 42443.2 3159.2 62505.8 81967.0 41864.3 3345.0 60038.8 85463.6 42072.0 3412.8 65531.4 86197.3 113657.6 134839.6 50769.7 63905.2 82193.9 3329.5 3507.8 2985.7 77321.0 93043.7 130763.6

36721.3 38603.2 41617.7 44859.5 49808.5 85224.1 36721.3 38603.2 41617.7 44859.5 49808.5 85224.1 0.0 0.0 0.0 0.0 0.0 0.0 41194.5 46978.0 52034.7 51960.7 51462.4 91826.6 -4473.2 -8374.8 -10417.0 -7101.2 -1653.9 -6602.5 45266.1 51696.9 58266.1 57391.5 66483.9 97540.6 1894.6 -11880.5 -6828.8 -10805.3 -13877.2 -9831.1 621.0 0.0 225.4 1152.1 1874.9 5619.8 1273.6 -11880.5 -7054.2 -11957.4 -15752.1 -15450.9 187.9 199.1 212.9 227.5 252.6 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 4910.8 -10672.0 1085.7 -12079.6 3825.1 1407.6 4244.9 8070.0 44.7 146.2 146.2 131.6 2.0 22.1 52.6 87.6 123.3 32.8 1.7 2.8 14.8 24.1 4.7 0.0 3.5 0.4 0.4 7.1 58.7 -115.4 3.1 8.8 -8734.6 -7327.0 0.0 82.9 82.9 57.5 -19.8 82.7 133.9 0.0 21.9 -31.2 0.0 -30.8 -1.0 -1.0 7.9 64.3 -350.0 0.0 8.3 -8827.7 -7267.1 -1560.6 -3854.3 -5414.9 0.0 64.7 64.7 123.8 -10.8 82.3 71.2 63.5 140.0 -3.3 0.5 6.3 -3.0 18.5 -24.1 0.0 0.0 -16.9 -1.5 -1.6 8.2 63.5 -42.3 7.8 6.4 -6461.1 -7937.1 2308.4 -12184.9 -16004.7 -15450.9 5723.8 8067.6 17759.3 -8855.4 -3131.6 24.7 48.7 40.2 350.2 -15.5 188.6 282.8 37.3 127.9 -10.7 2.6 10.9 -1.9 19.3 -69.6 0.0 0.0 -26.7 -2.6 -2.6 7.9 58.0 73.3 7.8 3.7 -12496.9 -4429.3 93.9 37.3 37.3 10191.3 -16.9 201.6 282.1 2.0 133.5 -13.5 3.8 13.2 -1.6 24.9 -1742.3 0.0 0.0 -31.6 -3.4 -3.5 6.9 53.5 30.8 11.0 0.2 -12465.2 5294.1 133.9 42.8 42.8 0.0 -11.8 -669.3 -235.5 -12.6 114.5 -57.2 6.6 20.6 0.0 22.4 0.0 0.0 0.0 -18.1 -3.4 -3.4 4.7 65.2 0.0 71.1 -1.3

508

Kohinoor Energy Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

1694.6 2764.1 4458.7 0.0 0.0 1274.9 1274.9 5733.6 1066.8 1066.8 0.0 674.2 121.1 1862.1 1120.9 2395.8 741.2 1862.3 -54.1 6893.0 4992.5 225.9 6854.6 2477.4 2477.4 0.0 1406.1 1071.3 1514.6 1009.1 181.2 827.9 6.3 423.6 0.0 -168.6 398.0 -566.6 623.9 57.3 22.2 166.1 155.3 53.7 12.1 1088.8 263.1 61.1 18.0 7.3 9.7 0.8 11.3 18.6 194.0 9.5 33.4 4.9 4.8 4.4 36.1 16.7 -2.7 26.3

2005
1694.6 3122.0 4816.6 0.0 0.0 705.6 705.6 5522.2 873.4 873.4 0.0 943.8 130.7 1947.9 1243.6 1949.2 704.3 1308.4 -370.2 6916.4 4818.0 226.1 6765.9 2918.6 2918.6 0.0 1879.0 1039.6 1986.1 974.8 161.5 813.3 7.9 423.6 0.0 -211.4 381.8 -593.2 607.9 14.7 12.8 156.6 146.1 40.5 12.0 4135.4 284.2 68.0 16.6 5.5 12.3 1.0 13.5 16.9 190.1 8.8 27.9 4.8 4.8 4.5 43.1 -2.0 17.8 28.4

2006
1694.6 3797.2 5491.8 0.0 0.0 226.3 226.3 5718.1 628.9 628.9 0.0 1277.2 144.6 2050.7 1010.3 1236.6 1040.4 711.1 -381.4 7004.4 4677.7 211.3 6728.4 5506.1 5506.1 0.0 4271.5 1234.6 4400.0 1151.3 128.3 1023.0 9.8 338.9 0.0 195.9 674.3 -478.4 885.6 407.2 4.0 203.0 188.7 22.5 15.2 344.2 217.5 324.1 79.9 11.1 2.3 18.0 1.0 10.2 18.6 299.0 6.2 18.6 6.0 6.0 4.4 81.8 25.0 88.7 32.4

2007
1694.6 4629.2 6323.8 0.0 0.0 75.8 75.8 6399.6 398.0 398.0 0.0 1789.5 209.4 2396.9 787.4 863.2 1609.5 587.3 -389.4 7272.1 4790.1 227.8 7187.0 5333.1 5333.1 0.0 4180.6 1152.5 4410.8 943.7 100.0 843.7 7.1 254.2 0.0 681.5 582.4 99.1 810.2 909.3 1.2 304.4 277.8 13.7 11.7 85.5 89.1 373.2 82.7 10.6 1.9 17.0 0.8 21.7 13.3 329.1 4.0 15.8 5.0 4.9 4.9 74.2 -16.7 -3.1 37.3

2008
1694.6 4861.8 6556.4 0.0 0.0 0.0 0.0 6556.4 139.3 139.3 0.0 2530.8 85.6 2755.7 792.5 792.5 1963.2 578.7 -653.2 7393.2 4593.1 252.2 7348.8 7387.9 7387.9 0.0 6432.2 955.7 6664.4 744.0 84.3 659.7 659.7 338.9 0.0 156.8 -338.9 495.7 -86.7 409.0 0.0 347.7 336.9 12.1 9.0 -216.1 -21.2 386.9 90.2 11.3 1.1 14.6 100.0 26.3 10.1 0.0 5.2 8.9 3.9 0.0 5.3 100.5 -22.0 38.5 38.7

2009
1694.6 5005.1 6699.7 0.0 0.0 0.0 0.0 6699.7 664.1 664.1 0.0 1578.7 311.2 2554.0 217.8 217.8 2336.2 0.0 446.3 7418.0 4363.4 256.5 6917.4 8334.3 8334.3 0.0 7240.0 1094.3 7422.5 966.0 47.8 918.2 321.4 762.6 0.0 143.3 -165.8 309.1 90.7 399.8 0.0 1172.6 1029.8 3.3 13.3 -115.7 22.7 395.4 89.1 4.9 0.6 0.0 35.0 11.6 13.7 78.3 11.4 11.0 5.4 3.5 5.6 120.5 38.5 12.8 39.5

509

Kohinoor Power Company Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

120.0 279.7 399.7 0.0 0.0 51.3 51.3 451.0 0.5 0.5 0.0 475.0 4.3 479.8 293.5 344.8 186.3 244.6 -293.0 500.8 264.7 15.1 744.5 247.9 247.9 0.0 241.3 6.6 244.8 24.3 23.8 0.5 0.0 0.0 0.0 -62.9 0.5 -63.4 15.6 -47.8 11.4 163.5 162.0 86.3 0.1 333.1 98.7 97.9 9.6 9.7 0.0 117.7 0.1 0.0 0.2 0.0 0.0 5.4 33.3 -100.0 -38.0 33.3

2005
120.0 254.2 374.2 0.0 0.0 0.0 0.0 374.2 0.5 0.5 0.0 445.9 12.6 459.0 360.8 360.8 98.2 244.2 -360.3 527.9 276.1 15.7 735.1 243.5 243.5 0.0 269.0 -25.5 273.8 -11.1 14.9 -26.0 0.0 0.0 0.0 -76.8 -26.0 -50.8 -10.3 -61.1 0.0 127.2 123.7 96.4 -3.5 311.8 112.4 6.1 6.1 95.4 -6.9 0.0 -10.7 -2.2 -2.2 5.9 33.1 0.0 -1.8 31.2

2006
120.0 149.0 269.0 0.0 0.0 0.0 0.0 269.0 0.7 0.7 0.0 381.9 10.9 393.5 405.7 405.7 -12.2 244.2 -405.0 564.4 281.3 14.6 674.8 278.1 278.1 0.0 382.7 -104.6 386.1 -96.6 4.6 -101.2 0.0 0.0 0.0 -105.2 -101.2 -4.0 -86.6 -90.6 0.0 97.0 94.3 150.8 -15.0 96.2 95.6 224.2 138.8 -4.8 1.7 1.9 0.0 51.5 -37.6 0.0 0.0 -36.4 -8.4 -8.4 5.3 41.2 281.8 14.2 22.4

2007
120.0 201.4 321.4 0.0 0.0 250.0 250.0 571.4 0.6 0.6 0.0 325.3 7.3 333.2 21.7 271.7 311.5 251.5 -21.1 532.6 259.8 14.6 593.0 146.6 146.6 0.0 186.6 -40.0 190.8 -36.7 0.1 -36.8 0.0 0.0 0.0 302.4 -36.8 339.2 -22.2 317.0 43.8 1535.5 1501.8 84.5 -6.2 -12.2 -7.0 267.8 130.2 -0.3 0.1 0.0 0.0 72.2 -11.4 0.0 0.0 -25.1 -3.1 -3.1 5.2 24.7 -63.1 -47.3 26.8

2008
120.0 225.4 345.4 0.0 0.0 0.0 0.0 345.4 5.4 5.4 0.0 112.7 11.0 129.1 36.6 36.6 92.5 1.5 -31.2 540.1 252.9 14.4 382.0 405.6 405.6 0.0 375.8 29.8 382.1 24.1 1.2 22.9 0.0 0.0 6.0 -226.0 22.9 -248.9 37.3 -211.6 0.0 352.7 322.7 10.6 6.0 -10.1 -17.6 287.8 94.2 5.0 0.3 80.0 0.0 15.8 6.6 0.0 0.0 5.6 1.9 1.9 5.5 106.2 -161.3 176.7 28.8

2009
126.0 257.7 383.7 0.0 0.0 5.3 5.3 389.0 1.8 1.8 0.0 132.8 31.5 166.1 27.4 32.7 138.7 8.4 -25.6 548.3 250.2 13.8 416.3 737.6 737.6 0.0 690.3 47.3 699.9 38.5 0.2 38.3 0.0 0.0 0.0 43.6 38.3 5.3 52.1 57.4 1.4 606.2 491.2 8.5 9.2 87.8 90.8 304.5 94.9 0.5 0.0 2.4 0.0 11.5 10.0 0.0 0.0 5.2 3.0 3.0 5.5 177.2 57.9 81.9 30.5

510

Kot Addu Power Co. Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

-

2005
8802.5 13742.5 22545.0 0.0 0.0 8853.8 8853.8 31398.8 3762.5 3762.5 0.0 6630.7 2621.8 13015.0 5330.9 14184.7 7684.1 10956.1 -1568.4 37541.3 23714.7 1674.7 36729.7 29920.8 29920.8 0.0 20184.3 9736.5 20367.7 9895.3 1766.7 8128.6 41.0 3780.9 0.0

2006
8802.5 11319.1 20121.6 0.0 0.0 0.0 0.0 20121.6

2007
8802.5 10058.2 18860.7 0.0 0.0 0.0 0.0 18860.7

2008
8802.5 12523.1 21325.6 0.0 0.0 30.9 30.9 21356.5

2009
8802.5 14277.4 23079.9 0.0 0.0 4.6 4.6 23084.5

4366.1 209.0 179.4 400.4 4366.1 209.0 179.4 400.4 0.0 0.0 0.0 0.0 6025.9 15694.7 34737.6 39084.2 1129.7 1759.5 2191.6 1967.2 11521.7 17663.2 37108.6 41451.8 14155.9 20067.5 35605.6 36871.4 14155.9 20067.5 35636.5 36876.0 -2634.2 -2404.3 1503.0 4580.4 0.0 6431.3 23674.6 8631.1 -9789.8 -19858.5 -35426.2 -36471.0 38118.3 22755.9 1589.9 34277.6 32833.4 32833.4 0.0 22998.3 9835.1 23199.2 10062.1 1465.5 8596.6 116.0 7130.1 0.0 38213.8 21265.2 1588.6 38928.4 37086.7 37086.7 0.0 28343.3 8743.4 28632.9 8911.1 1327.4 7583.7 2491.7 5281.5 0.0 -1260.9 -189.5 -1071.4 1399.1 327.7 0.0 88.0 79.3 106.4 19.5 15.0 426.9 214.3 77.2 14.9 3.6 20.6 32.9 31.2 40.2 96.4 28.0 20.4 8.6 5.8 7.0 95.3 -12.2 13.0 21.4 38340.0 19853.5 1558.2 56962.1 55947.1 55947.1 0.0 46600.5 9346.6 46981.8 10267.6 2208.1 8059.5 2601.0 4797.4 0.0 2495.8 661.1 1834.7 2219.3 4054.0 0.1 104.2 98.1 167.1 14.1 26.5 54.7 242.3 84.0 21.5 3.9 9.3 32.3 52.4 37.8 113.8 22.5 14.4 9.2 6.2 7.3 98.2 7.0 50.9 24.2 38474.6 18504.1 1497.8 59955.9 69363.9 69363.9 0.0 58373.1 10990.8 59100.4 15133.0 6410.2 8722.8 2876.3 5677.6 0.0 1728.0 168.9 1559.1 1666.7 3225.8 0.0 112.4 107.1 159.8 14.5 9.8 51.7 262.2 85.2 42.4 9.2 74.3 33.0 47.2 37.8 103.0 24.6 12.6 9.9 6.6 7.6 115.7 7.6 24.0 26.2

- -11277.2 4306.7 1350.5 - -12627.7 5981.4 28.2 244.1 195.0 62.9 22.1 0.0 0.0 256.1 68.1 17.9 5.9 16.1 0.5 7.8 36.1 213.9 16.8 27.2 9.2 9.2 6.9 81.5 820.0 25.6 2940.4 -9687.3 0.0 81.4 73.4 70.4 25.1 -12.0 -30.4 228.6 70.7 14.6 4.5 0.0 1.3 9.5 42.7 118.9 35.4 26.2 9.8 9.6 6.7 95.8 6.5 9.7 22.9

511

Mari Gas Company Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

367.5 2129.5 2497.0 0.0 0.0 560.5 560.5 3057.5 2083.6 2083.6 0.0 1243.4 0.0 3327.0 4001.4 4561.9 -674.4 784.7 -1917.8 5974.3 3731.9 363.8 7058.9 14257.3 14257.3 0.0 11839.5 2417.8 13333.0 975.2 38.3 936.9 267.5 110.8 0.0 -1045.1 558.6 -1603.7 922.4 -681.3 18.3 83.1 83.1 182.7 13.3 679.5 93.5 3.9 0.3 4.9 28.6 6.0 37.5 604.2 4.4 6.6 25.5 18.2 10.2 202.0 13.3 14.2 67.9

2005
367.5 1111.6 1479.1 0.0 0.0 336.3 336.3 1815.4 2940.0 2940.0 0.0 1263.1 0.0 4203.1 4822.0 5158.3 -618.9 560.5 -1882.0 4824.8 2434.3 332.2 6637.4 15937.1 15937.1 0.0 13579.9 2357.2 15345.3 714.4 36.4 678.0 472.8 112.0 0.0 -1242.1 93.2 -1335.3 425.4 -909.9 18.5 87.2 87.2 348.7 10.2 402.5 96.3 5.1 0.2 6.5 69.7 6.0 45.8 183.2 7.6 4.3 18.4 5.6 13.5 240.1 -27.8 11.8 40.2

2006
367.5 2244.8 2612.3 0.0 0.0 112.1 112.1 2724.4 3165.3 3165.3 0.0 1657.3 0.0 4822.6 5423.2 5535.3 -600.6 336.2 -2257.9 6217.4 3325.0 386.6 8147.6 19651.9 19651.9 0.0 17191.7 2460.2 19371.3 646.8 44.3 602.5 516.5 113.9 0.0 909.0 -27.9 936.9 358.7 1295.6 4.1 88.9 88.9 211.9 7.4 -3.1 27.7 710.8 98.6 6.8 0.2 13.2 85.7 6.2 23.1 75.5 4.4 3.1 16.4 2.3 10.6 241.2 -10.9 23.3 71.1

2007
367.5 2811.7 3179.2 0.0 0.0 0.0 0.0 3179.2 2829.2 2829.2 0.0 2342.9 0.0 5172.1 5423.2 5423.2 -251.1 112.1 -2594.0 6665.2 3430.3 378.8 8602.4 22211.1 22211.1 0.0 18993.7 3217.4 21101.7 1546.1 163.9 1382.2 902.2 118.3 0.0 454.8 361.7 93.1 740.5 833.6 0.0 95.4 95.4 170.6 16.1 79.5 88.8 865.1 95.0 10.6 0.7 146.2 65.3 6.6 43.5 405.7 3.7 6.2 37.6 13.1 11.4 258.2 129.3 13.0 86.5

2008
367.5 2519.1 2886.6 0.0 0.0 500.0 500.0 3386.6

2009
367.5 -2011.0 -1643.5 0.0 0.0 1200.0 1200.0 -443.5

2214.6 1694.6 2214.6 1694.6 0.0 0.0 3605.7 9274.3 0.0 0.0 5820.3 10968.9 5891.9 16292.3 6391.9 17492.3 -71.6 -5323.4 500.0 1200.0 -3677.3 -14597.7 4861.4 3458.2 137.0 9278.5 21566.3 21566.3 0.0 15706.3 5860.0 17795.8 4148.2 187.9 3960.3 1560.8 119.1 0.0 207.4 2280.4 -2073.0 2417.4 344.4 14.8 98.8 98.8 221.4 42.7 1099.5 701.9 785.5 82.5 4.5 0.9 37.6 39.4 11.0 137.2 2014.7 4.1 18.4 107.8 65.3 8.7 232.4 186.7 -2.9 78.5 9013.1 4879.9 137.0 15848.8 5789.2 5789.2 0.0 3243.4 2545.8 3406.0 2715.7 321.1 2394.6 488.5 118.2 367.5 -3830.1 1787.9 -5618.0 1924.9 -3693.1 0.0 67.3 67.3 0.0 15.1 -46.7 -52.1 -447.2 58.8 11.8 5.5 26.8 20.4 124.2 0.0 1612.6 0.0 41.4 65.2 51.9 4.0 36.5 -39.5 -73.2 -44.7

512

National Refinery Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

666.4 4444.0 5110.4 0.0 0.0 0.0 0.0 5110.4 1714.8 1714.8 0.0 9945.8 3639.9 15300.5 11773.1 11773.1 3527.4 259.7 -10058.3 6210.3 1583.0 148.2 16883.5 46265.6 41511.2 4754.4 43309.1 2956.5 44111.6 2783.1 18.6 2764.5 982.4 833.0 0.0 1032.5 949.1 83.4 1097.3 1180.7 0.0 130.0 99.0 230.4 16.4 91.9 92.9 766.9 95.3 0.7 0.0 7.2 35.5 5.2 54.1 213.9 16.3 6.0 41.5 26.7 10.5 274.0 49.8 12.0 76.7

2005
666.4 6252.5 6918.9 0.0 0.0 0.0 0.0 6918.9 7844.2 7844.2 0.0 5849.9 3205.9 16900.0 11492.3 11492.3 5407.7 0.0 -3648.1 6294.0 1511.3 157.6 18411.3 69141.5 60000.3 9141.2 65305.5 3836.0 66254.5 3307.9 13.2 3294.7 1279.9 999.6 0.0 1808.5 1015.2 793.3 1172.8 1966.1 0.0 147.1 119.2 166.1 17.9 56.1 59.7 1038.3 95.8 0.4 0.0 38.8 2.4 47.6 201.6 14.4 4.8 49.4 30.2 12.3 375.5 19.0 49.4 103.8

2006
666.4 8699.7 9366.1 0.0 0.0 0.0 0.0 9366.1 7761.1 7761.1 0.0 8388.9 6475.2 22625.2 15545.8 15545.8 7079.4 0.0 -7784.7 7167.4 2286.8 177.2 24912.0

2007
666.4 12061.9 12728.3 0.0 0.0 0.0 0.0 12728.3

2008
799.7 16607.5 17407.2 0.0 0.0 0.0 0.0 17407.2

2009
799.7 16547.2 17346.9 0.0 0.0 0.0 0.0 17346.9

11492.2 16737.5 7997.7 11492.2 13122.1 7800.1 0.0 3615.4 197.6 11100.5 13965.6 19070.5 7687.4 13288.3 12251.2 30280.1 43991.4 39319.4 19895.2 29185.6 24991.9 19895.2 29185.6 24991.9 10384.9 14805.8 14327.5 0.0 0.0 0.0 -8403.0 -12448.1 -16994.2 7416.8 2343.4 195.8 32623.5 7907.2 2601.3 239.2 46592.7 8547.1 3019.3 228.3 42338.7

96635.0 109146.0 146233.2 109578.3 84005.9 92926.2 124753.7 96153.1 12629.1 16219.8 21479.5 13425.2 91636.2 102882.2 135552.5 104304.9 4998.8 6263.8 10680.7 5273.4 92700.5 104037.4 137474.7 105735.7 5272.0 6101.3 10162.9 5207.7 9.9 6.6 1331.7 2394.4 5262.1 6094.7 8831.2 2813.3 1745.6 2003.1 2917.2 1024.3 1066.2 133.3 159.9 999.6 0.0 133.3 0.0 0.0 2447.2 2450.3 -3.1 2627.5 2624.4 0.0 145.5 103.9 166.0 21.1 100.1 100.1 1405.5 95.9 0.2 0.0 0.0 33.2 5.5 56.2 329.8 11.4 5.4 79.0 52.8 8.4 387.9 59.9 39.8 140.5 3362.2 3958.3 -596.1 4154.1 3558.0 0.0 152.2 113.6 156.3 18.7 117.7 116.8 1910.0 95.3 0.1 0.0 0.0 32.9 5.6 47.9 3069.5 1.0 5.6 91.5 61.4 8.6 334.6 15.8 12.9 191.0 4678.9 5754.1 -1075.2 5993.3 4918.1 0.0 150.7 105.2 167.7 19.0 123.0 121.9 2176.7 94.0 13.1 0.9 0.0 33.0 7.0 50.7 3698.6 0.9 6.0 110.4 74.0 10.2 313.9 20.7 34.0 217.7 -60.3 789.4 -849.7 1017.7 168.0 0.0 157.3 108.3 144.1 6.6 -1309.1 605.8 2169.2 96.5 46.0 2.2 0.0 36.4 13.5 16.2 179.0 5.8 2.6 35.2 22.4 8.8 258.8 -68.1 -25.1 216.9

513

Oil & Gas Development Company Ltd. (OGDC)

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

43009.3 30109.5 73118.8 0.0 0.0 0.0 0.0 73118.8 26435.1 25307.4 1127.7 21689.1 8086.0 56210.2 22807.5 22807.5 33402.7 0.0 3627.6

2005
43009.3 41544.5 84553.8 0.0 0.0 0.0 0.0 84553.8 40236.3 37799.2 2437.1 31059.6 32.4 71328.3 30025.2 30025.2 41303.1 0.0 10211.1

2006
43009.3 49209.9 92219.2 0.0 0.0 0.0 0.0 92219.2

2007
43009.3 28857.4 71866.7 0.0 0.0 0.0 0.0 71866.7

2008

2009

43009.3 43009.3 29554.1 83162.1 72563.4 126171.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 72563.4 126171.4

35126.6 7666.2 9890.1 6876.9 1186.9 4720.3 6715.0 3973.8 33939.7 2945.9 3175.1 2903.1 41664.5 64862.3 72820.3 142525.0 65.6 93.8 151.8 108.3 76856.7 72622.3 82862.2 149510.2 26544.4 28721.5 41197.0 51821.0 26544.4 28721.5 41197.0 51821.0 50312.3 43900.8 41665.2 97689.2 0.0 0.0 0.0 0.0 8582.2 -21055.3 -31306.9 -44944.1

75630.6 84532.1 89009.1 59039.5 64653.2 68637.6 39716.1 43250.6 41906.8 27965.9 30898.2 28482.2 4654.5 5459.4 5955.2 3234.5 3354.1 3807.9 95926.3 114578.9 118763.5 100588.2 113760.4 177992.4 51326.3 51326.3 0.0 16243.8 35082.5 22086.6 30553.9 38.5 30515.4 7364.5 17203.7 0.0 5947.2 10601.7 0.0 246.5 211.0 31.2 31.8 0.0 0.0 170.0 43.0 0.1 0.1 24.1 25.6 41.7 134.6 23.5 59.5 7.1 5.4 12.4 53.5 17.0 86056.7 113384.4 117134.4 139626.3 130829.6 86056.7 113384.4 117134.4 139626.3 130829.6 0.0 0.0 0.0 0.0 0.0 35605.5 47458.8 47593.1 52124.1 39352.0 50451.2 65925.6 69541.3 87502.2 91477.6 39008.8 52016.0 59877.6 64373.0 52403.9 49026.1 65767.2 61287.3 78844.2 81854.0 6.0 10.0 532.7 536.8 926.0 49020.1 65757.2 60754.6 78307.4 80928.0 13414.4 19073.9 14616.0 21039.8 16799.1 25805.6 38708.4 38708.4 40858.8 35482.7 0.0 0.0 0.0 0.0 0.0 11435.0 9800.1 1634.9 15259.5 16894.4 0.0 237.6 237.5 35.5 42.8 85.7 90.3 196.6 45.3 0.0 0.0 27.4 21.5 58.0 138.0 30.5 57.0 11.4 8.3 13.7 75.1 60.6 67.7 19.7 7665.4 -20352.5 696.7 7974.9 7430.2 16408.8 -309.5 -27782.7 -15712.1 13930.1 10664.7 13620.6 -17118.0 0.0 289.5 289.3 28.8 55.4 104.0 102.3 214.4 45.9 0.0 0.0 0.0 29.0 21.6 71.3 120.6 42.0 58.0 15.3 10.9 14.2 95.5 34.2 31.8 21.4 0.0 252.8 252.5 40.0 60.4 -36.5 -62.3 167.1 51.1 0.9 0.5 0.0 24.1 23.8 84.5 119.2 53.9 51.9 14.1 10.7 13.1 116.4 -7.8 3.3 16.7 19762.9 4050.8 0.0 201.1 200.8 56.8 68.8 2355.2 487.9 168.7 46.1 0.7 0.4 0.0 26.9 29.1 107.9 140.2 56.3 56.1 18.2 13.3 12.0 122.7 29.1 19.2 16.9 53608.0 28646.2 24961.8 32454.1 57415.9 0.0 288.5 288.3 41.1 45.5 53.4 56.5 293.4 40.1 1.1 0.7 0.0 20.8 42.9 64.1 180.7 28.1 61.9 18.8 14.9 16.4 73.5 3.3 -6.3 29.3

514

Pakistan Oilfields Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

1314.1 6182.7 7496.8 0.0 0.0 0.0 0.0 7496.8 5946.8 5062.5 884.3 1917.5 20.7 7885.0 5206.6 5206.6 2678.4 0.0 740.2 6710.6 4818.5 179.1 12703.5 7753.8 7753.8 0.0 4732.4 3021.4 5005.9 3361.1 0.0 3361.1 859.0 1642.7 0.0 -298.2 859.4 -1157.6 1038.5 -119.1 0.0 151.4 151.0 69.5 26.5 570.5 64.6 0.0 0.0 25.6 9.9 44.8 152.3 21.9 43.3 25.6 19.0 3.8 61.0 -41.1 1.1 57.0

2005
1314.1 9969.3 11283.4 0.0 0.0 0.0 0.0 11283.4 7916.5 5240.2 2676.3 2063.8 30.2 10010.5 4556.5 4556.5 5454.0 0.0 3360.0 7896.7 5829.5 203.2 15840.0 10081.0 10081.0 0.0 4690.0 5391.0 5739.9 4951.7 15.0 4936.7 896.0 1642.7 0.0 3786.6 2398.0 1388.6 2601.2 3989.8 0.0 219.7 219.0 40.4 31.2 63.3 65.2 858.6 56.9 0.3 0.1 18.1 10.7 43.8 246.0 14.6 49.0 37.6 30.7 4.3 63.6 46.9 30.0 85.9

2006
1971.2 12653.3 14624.5 0.0 0.0 1620.0 1620.0 16244.5 12259.0 3923.8 8335.2 4418.9 62.8 16740.7 6996.8 8616.8 9743.9 2700.0 5262.2 6928.6 6500.5 230.8 23241.2 17732.1 17732.1 0.0 9143.4 8588.7 9763.8 8505.6 377.0 8128.6 2011.9 2956.8 985.6 4961.1 3159.9 1801.2 3390.7 5191.9 10.0 239.3 238.4 58.9 35.0 63.7 65.3 741.9 55.1 4.4 2.1 14.0 24.8 14.0 55.6 206.9 20.2 45.8 41.2 31.0 4.0 76.3 9.6 75.9 74.2

2007
1971.2 17505.0 19476.2 0.0 0.0 0.0 0.0 19476.2 11908.0 3173.3 8734.7 4889.9 69.2 16867.1 5544.2 5544.2 11322.9 0.0 6363.8 10712.6 8153.3 285.2 25020.4 16331.1 16331.1 0.0 7794.6 8536.5 8795.7 8448.6 226.0 8222.6 1457.0 2956.8 0.0 3231.7 3808.8 -577.1 4094.0 3516.9 0.0 304.2 303.0 28.5 32.9 117.9 116.4 988.0 53.9 2.7 1.4 0.0 17.7 14.4 42.2 228.8 15.2 50.3 41.7 34.3 4.4 65.3 1.2 -7.9 98.8

2008
1971.2 23398.7 25369.9 0.0 0.0 0.0 0.0 25369.9 17639.6 7424.7 10214.9 4811.5 57.6 22508.7 7498.1 7498.1 15010.6 0.0 10141.5 13015.4 10359.2 580.6 32867.9 18722.4 18722.4 0.0 8087.5 10634.9 9824.2 9965.7 389.4 9576.3 2479.2 3153.9 394.2 5893.7 3943.2 1950.5 4523.8 6474.3 0.0 300.2 299.4 29.6 29.1 66.9 69.9 1287.0 52.5 3.9 2.1 0.0 25.9 9.6 37.7 225.0 12.4 51.1 48.6 36.0 6.8 57.0 16.5 14.6 128.7

2009
2365.5 23569.0 25934.5 0.0 0.0 0.0 0.0 25934.5 13719.5 3945.7 9773.8 16903.2 89.4 30712.1 8790.2 8790.2 21921.9 0.0 4929.3 7139.4 4012.5 406.1 34724.6 14046.8 14046.8 0.0 5754.5 8292.3 8391.5 7697.2 512.4 7184.8 531.5 4257.8 0.0 564.6 2395.5 -1830.9 2801.6 970.7 0.0 349.4 348.4 33.9 20.7 424.3 288.6 1096.4 59.7 6.7 3.6 0.0 7.4 13.0 27.7 156.3 16.4 51.1 30.4 28.1 15.4 40.5 -37.4 -25.0 109.6

515

Pakistan Petroleum Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

-

2005
6858.4 16782.6 23641.0 0.0 0.0 62.0 62.0 23703.0 11317.4 10665.6 651.8 9199.7 0.0 20517.1 8013.2 8075.2 12503.9 99.2 3304.2 19382.9 11199.1 1358.8 31716.2 32815.9 32815.9 0.0 19146.6 13669.3 19897.7 13494.2 19.2 13475.0 4796.2 3772.0 0.0 4906.8 6265.6 0.3 256.0 256.0 34.2 42.5 0.0 0.0 344.7 60.6 0.1 0.1 19.4 35.6 14.0 57.0 230.1 16.0 41.1 19.6 12.7 13.9 103.5 1860.0 34.5

2006
6858.2 23965.6 30823.8 0.2 0.0 79.3 79.5 30903.3 17635.3 17326.9 308.4 10561.2 0.0 28196.5 10056.1 10135.6 18140.4 123.5 7579.2 23787.8 12763.0 1471.4 40959.5 43565.3 43565.3 0.0 23724.4 19840.9 24851.6 20219.7 30.1 20189.6 6436.5 3772.1 0.0 7200.3 9981.0 -2780.7 11452.4 8671.7 0.3 280.4 280.4 32.9 49.3 138.6 132.1 449.4 57.0 0.1 0.1 24.4 31.9 15.9 65.5 364.6 12.2 46.3 29.4 20.1 13.1 106.4 50.0 32.8 44.9

2007
6858.4 33089.4 39947.8 0.0 0.0 69.2 69.2 40017.0 22980.7 787.4 22193.3 10536.7 1474.7 34992.1 10201.9 10271.1 24790.2 119.9 12778.8 24213.1 15226.8 1636.3 50218.9 51079.7 51079.7 0.0 26538.4 24541.3 29138.5 24406.2 49.4 24356.8 8015.1 3086.3 685.8 9113.7 13255.4 -4141.7 14891.7 10750.0 0.2 343.0 328.5 25.7 48.5 145.4 138.5 582.5 57.0 0.2 0.1 41.2 32.9 17.6 61.0 529.5 7.7 47.7 35.5 23.8 12.8 101.7 20.7 17.2 58.2

2008
7544.2 35929.2 43473.4 0.0 0.0 77.6 77.6 43551.0 23844.4 1094.9 22749.5 15810.9 0.0 39655.3 17291.4 17369.0 22363.9 122.4 6553.0 35853.6 21187.2 2147.6 60842.5 57884.7 57884.7 0.0 28378.3 29506.4 30463.7 30513.1 66.6 30446.5 9366.7 11693.5 754.4 3534.0 9386.3 -5852.3 11533.9 5681.6 0.2 229.3 229.3 40.0 50.0 265.6 203.0 576.2 52.6 0.2 0.1 54.4 30.8 22.9 70.0 180.3 26.9 52.6 40.4 27.9 14.1 95.1 13.8 13.3 57.6

2009
8298.6 54760.0 63058.6 0.0 0.0 100.1 100.1 63158.7 16480.4 1384.4 15096.0 31672.3 0.0 48152.7 19757.4 19857.5 28395.3 146.0 -3277.0 51395.0 34763.5 2308.7 82916.2 61580.1 61580.1 0.0 20624.5 40955.6 23727.8 42002.0 93.6 41908.4 14082.2 10788.2 1659.7 19607.7 17038.0 2569.7 19346.7 21916.4 0.2 243.7 243.7 31.5 50.5 86.9 88.3 759.9 38.5 0.2 0.2 64.1 33.6 45.1 66.5 257.9 17.1 68.1 50.5 33.5 10.9 74.3 25.0 6.4 76.0

516

Pakistan Refinery Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

200.0 1387.4 1587.4 0.0 0.0 0.0 0.0 1587.4 5.2 4.3 0.9 3090.5 2441.4 5537.1 4601.7 4601.7 935.4 692.8 -4596.5 0.0 652.0 0.0 6189.1 28670.4 28670.4 0.0 27357.3 1313.1 27593.1 1149.1 18.3 1130.8 0.0 100.0 0.0 632.2 1030.8 -398.6 1030.8 632.2 0.0 120.3 67.3 289.9 18.3 163.0 163.0 793.7 96.2 1.6 0.1 2.6 0.0 8.5 71.2 1130.8 6.3 3.9 56.5 56.5 0.0 463.2 -8.4 0.5 79.4

2005
200.0 3097.9 3297.9 0.0 0.0 0.0 0.0 3297.9 249.6 248.7 0.9 4656.1 2040.9 6946.6 4358.5 4358.5 2588.1 0.2 -4108.9 1275.9 709.8 83.2 7656.4 44442.1 44442.1 0.0 41505.3 2936.8 41882.1 2630.3 30.0 2600.3 878.5 100.0 0.0 1710.5 1621.8 88.7 1705.0 1793.7 0.0 159.4 112.6 132.2 34.0 94.8 95.1 1649.0 94.2 1.1 0.1 15000.0 33.8 8.8 78.8 1721.8 3.0 5.9 130.0 86.1 12.8 580.5 130.1 55.0 164.9

2006
250.0 4301.5 4551.5 0.0 0.0 0.0 0.0 4551.5 2413.7 2363.1 50.6 4930.3 3843.6 11187.6 7452.9 7452.9 3734.7 29.1 -5039.2 1600.6 816.7 110.1 12004.3 71991.2 71991.2 0.0 69589.7 2401.5 69980.9 2104.5 41.0 2063.5 726.6 0.0 112.5 1253.6 1336.9 -83.3 1447.0 1363.7 0.0 150.1 98.5 163.7 17.2 106.6 106.1 1820.6 97.2 1.9 0.1 140.9 35.2 5.1 45.3 0.0 0.0 2.9 82.5 53.5 15.5 599.7 -36.5 62.0 182.1

2007
300.0 4483.7 4783.7 0.0 0.0 0.0 0.0 4783.7

2008
350.0 6441.8 6791.8 0.0 0.0 0.0 0.0 6791.8

2009
350.0 1822.6 2172.6 0.0 0.0 0.0 0.0 2172.6

1954.1 2704.7 3967.1 1698.3 2646.1 3909.8 255.8 58.6 57.3 6672.5 10975.4 17889.6 5107.8 9102.1 8367.3 13734.4 22782.2 30224.0 9881.5 16966.2 30387.5 9881.5 16966.2 30387.5 3852.9 5816.0 -163.5 0.0 0.0 4105.9 -7927.4 -14261.5 -26420.4 1841.6 930.7 132.1 14665.1 67385.9 67385.9 0.0 66610.0 775.9 66880.7 585.9 81.7 504.2 288.4 99.0 0.0 232.2 116.8 115.4 248.9 364.3 0.0 139.0 87.3 206.6 3.4 50.3 68.3 1594.6 99.3 13.9 0.1 0.0 57.2 7.1 10.5 218.0 2.1 0.7 16.8 7.2 16.2 459.5 -79.6 -6.4 159.5 2030.5 975.8 143.8 23758.0 107300.8 107300.8 0.0 102969.0 4331.8 104048.7 3507.7 253.0 3254.7 1153.2 0.0 50.1 2008.1 2101.5 -93.4 2245.3 2151.9 0.0 134.3 80.6 249.8 13.7 104.7 104.3 1940.5 97.0 7.2 0.2 0.0 35.4 9.7 47.9 0.0 0.0 3.0 93.0 60.0 15.5 451.6 453.6 59.2 194.1 3512.2 2336.1 130.8 32560.1 76861.1 76861.1 0.0 79874.2 -3013.1 80162.8 -3023.9 2477.5 -5501.4 85.9 0.0 0.0 -4619.2 -5587.3 968.1 -5456.5 -4488.4 0.0 99.5 71.9 1398.7 -16.9 121.0 121.6 620.7 104.3 -81.9 3.2 60.3 -1.6 18.8 -253.2 0.0 0.0 -7.2 -157.2 -159.6 13.4 236.1 -269.0 -28.4 62.1

517

Pakistan State Oil Company Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

1715.2 13350.5 15065.7 0.0 0.0 0.0 0.0 15065.7

2005
1715.2 16776.7 18491.9 0.0 0.0 0.0 0.0 18491.9

2006
1715.2 18943.1 20658.3 0.0 0.0 0.0 0.0 20658.3

2007
1715.2 19097.8 20813.0 0.0 0.0 0.0 0.0 20813.0

2008
1715.2 29144.4 30859.6 0.0 0.0 0.0 0.0 30859.6

2009
1715.2 19086.7 20801.9 0.0 0.0 0.0 0.0 20801.9

3479.3 4006.4 5177.9 4512.9 5719.7 5036.6 1583.1 1921.9 1898.9 1522.3 3018.6 2883.1 1896.2 2084.5 3279.0 2990.6 2701.1 2153.5 16220.7 19232.7 29182.8 32523.9 51464.2 100630.9 14970.6 20583.3 28168.6 29562.1 62360.1 40698.2 34670.6 43822.4 62529.3 66598.9 119544.0 146365.7 27225.7 33442.0 49355.4 53798.1 96145.0 132550.8 27225.7 33442.0 49355.4 53798.1 96145.0 132550.8 7444.9 10380.4 13173.9 12800.8 23399.0 13814.9 4944.4 4811.6 7648.9 9064.8 10997.9 18654.5 -23746.4 -29435.6 -44177.5 -49285.2 -90425.3 -127514.2 12890.8 7620.8 791.3 42291.4 195109.7 195109.7 0.0 185939.1 9170.6 189014.2 6452.2 189.1 6263.1 2030.0 3001.6 0.0 1222.2 1231.5 -9.3 2022.8 2013.5 0.0 127.3 72.4 180.7 14.8 100.8 100.5 878.4 96.9 2.9 0.1 3.8 32.4 3.0 41.6 141.0 19.9 3.2 36.5 24.7 12.5 461.3 0.8 -5.5 87.8 14329.3 8111.5 973.6 51933.9 254363.0 254363.0 0.0 240616.7 13746.3 246060.3 9597.0 370.7 9226.3 3236.9 4030.7 0.0 3426.2 1958.7 1467.5 2932.3 4399.8 0.0 131.0 69.5 180.8 17.8 57.2 66.6 1078.1 96.7 3.9 0.1 7.7 35.1 2.7 49.9 148.6 21.8 3.6 53.8 34.9 12.8 489.8 47.4 30.4 107.8 13668.2 7484.4 1046.8 70013.7 353833.3 353833.3 0.0 336626.1 17207.2 343727.7 12538.2 884.2 11654.0 4335.7 5831.6 0.0 2166.4 1486.7 679.7 2533.5 3213.2 0.0 126.7 69.6 238.9 16.6 68.6 78.8 1204.4 97.1 7.1 0.2 11.6 37.2 3.3 56.4 125.5 28.2 3.3 67.9 42.7 12.9 505.4 26.2 39.1 120.4 16244.0 16774.6 17391.4 8012.3 7460.5 6987.0 1098.2 1119.1 1141.7 74611.2 127004.5 153352.7 411990.0 411990.0 0.0 399730.5 12259.5 405743.3 8280.2 1158.1 7122.1 2483.7 3601.9 0.0 154.7 1036.5 -881.8 2134.7 1252.9 0.0 123.8 68.8 258.5 9.5 670.0 170.4 1213.4 98.5 14.0 0.3 12.8 34.9 3.3 34.2 128.8 17.3 1.7 41.5 27.0 14.6 552.2 -38.9 16.4 121.3 583214.0 583214.0 0.0 553190.3 30023.7 562473.3 22745.4 1367.9 21377.5 7392.7 4030.7 0.0 612695.6 612695.6 0.0 609685.5 3010.1 620500.6 -5576.6 6232.1 -11808.7 201.5 857.6 0.0

10046.6 -10057.7 9954.1 -12867.8 92.5 2810.1 11073.2 -11726.1 11165.7 -8916.0 0.0 124.3 59.5 311.6 16.8 99.1 99.2 1799.2 96.4 6.0 0.2 12.4 34.6 5.8 69.3 347.0 13.1 3.7 124.6 81.5 14.0 459.2 200.2 41.6 179.9 0.0 110.4 79.7 637.2 -7.7 127.9 131.5 1212.8 101.3 -111.8 1.0 33.4 -1.7 13.1 -56.8 -1400.4 4.1 -1.9 -68.8 -70.0 15.3 399.5 -155.2 5.1 121.3

518

S.G. Power Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

178.3 159.5 337.8 0.0 0.0 0.0 0.0 337.8 14.8 14.8 0.0 238.8 0.0 253.6 60.2 60.2 193.4 0.0 -45.4 331.8 144.5 16.1 398.1 191.9 191.9 0.0 161.2 30.7 172.4 19.6 1.2 18.4 0.0 0.0 0.0 18.2 18.4 -0.2 34.5 34.3 0.0 421.3 421.3 17.8 4.6 101.1 100.6 189.5 89.8 6.1 0.6 0.0 101.4 5.4 0.0 9.6 1.0 1.0 10.6 48.2 -23.1 5.9 18.9

2005
178.3 174.1 352.4 0.0 0.0 0.0 0.0 352.4 1.7 1.7 0.0 294.2 0.0 295.9 69.5 69.5 226.4 0.0 -67.8 306.4 126.1 13.7 422.0 184.9 184.9 0.0 171.8 13.1 185.3 8.2 0.1 8.1 0.0 0.0 0.0 14.6 8.1 6.5 21.8 28.3 0.0 425.8 425.8 19.7 1.9 55.5 77.0 197.6 100.2 1.2 0.1 0.0 131.2 2.3 0.0 4.4 0.5 0.5 9.5 43.8 -50.0 -3.6 19.8

2006
178.3 138.4 316.7 0.0 0.0 0.0 0.0 316.7 9.1 9.1 0.0 219.8 0.0 228.9 26.6 26.6 202.3 1.6 -17.5 302.0 114.4 6.1 343.3 200.1 200.1 0.0 220.3 -20.2 232.6 -33.7 0.7 -34.4 0.0 0.0 0.0 -35.7 -34.4 -1.3 -28.3 -29.6 0.0 860.5 860.5 8.4 -10.0 96.4 95.6 177.6 116.2 -2.1 0.3 43.8 0.0 34.7 -10.9 0.0 0.0 -17.2 -1.9 -1.9 4.8 58.3 -480.0 8.2 17.8

2007
178.3 124.0 302.3 0.0 0.0 0.0 0.0 302.3 0.1 0.1 0.0 204.1 0.0 204.2 11.8 11.8 192.4 0.0 -11.7 303.6 110.0 6.1 314.2 64.8 64.8 0.0 78.6 -13.8 90.1 -14.1 0.4 -14.5 0.0 0.0 0.0 -14.4 -14.5 0.1 -8.4 -8.3 0.0 1730.5 1730.5 3.9 -4.6 100.7 101.2 169.5 139.0 -2.8 0.6 0.0 0.0 174.1 -4.8 0.0 0.0 -22.4 -0.8 -0.8 5.3 20.6 -57.9 -67.6 17.0

2008
178.3 104.1 282.4 0.0 0.0 0.0 0.0 282.4 0.1 0.1 0.0 192.3 0.0 192.4 10.0 10.0 182.4 0.0 -9.9 299.1 100.0 5.4 292.4 0.0 0.0 0.0 16.3 -16.3 22.2 -20.0 0.0 -20.0 0.0 0.0 0.0 -19.9 -20.0 0.1 -14.6 -14.5 0.0 1924.0 1924.0 3.5 -6.8 100.5 100.7 158.4 0.0 0.0 0.0 0.0 0.0 0.0 -7.1 0.0 0.0 0.0 -1.1 -1.1 4.9 0.0 37.5 -100.0 15.8

2009
178.3 96.8 275.1 0.0 0.0 0.0 0.0 275.1 0.0 0.0 0.0 192.0 0.0 192.0 11.9 11.9 180.1 0.0 -11.9 299.1 94.9 5.1 286.9 0.0 0.0 0.0 6.3 -6.3 7.3 -7.3 0.0 -7.3 0.0 0.0 0.0 -7.3 -7.3 0.0 -2.2 -2.2 0.0 1613.4 1613.4 4.3 -2.5 100.0 100.0 154.3 0.0 0.0 0.0 0.0 0.0 0.0 -2.7 0.0 0.0 0.0 -0.4 -0.4 5.1 0.0 -63.6 15.4

519

Shell Gas LPG (Pakistan) Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

27.0 102.2 129.2 0.0 0.0 0.0 0.0 129.2 145.6 26.0 119.6 117.6 11.8 275.0 446.8 446.8 -171.8 41.6 -301.2 674.0 300.9 48.4 575.9 865.5 865.5 0.0 680.3 185.2 795.5 103.9 3.1 100.8 31.7 27.0 0.0 -10.3 42.1 -52.4 90.5 38.1 0.0 61.5 58.9 345.8 17.5 237.5 478.5 91.9 3.0 0.4 7.5 31.4 1.0 78.0 255.9 20.9 11.6 37.3 25.6 13.9 150.3 56.1 20.0 47.9

2005
27.0 176.7 203.7 0.0 0.0 0.0 0.0 203.7 7.5 7.5 0.0 286.4 11.3 305.2 472.5 472.5 -167.3 83.2 -465.0 790.8 370.9 46.7 676.1 998.5 998.5 0.0 806.1 192.4 943.7 108.7 1.5 107.2 28.7 18.9 0.0 74.5 59.6 14.9 106.3 121.2 0.0 64.6 62.2 232.0 15.9 80.0 87.7 754.4 94.5 1.4 0.2 1.8 26.8 1.0 52.6 415.3 9.3 10.7 39.7 29.1 13.2 147.7 6.4 15.4 75.4

2006
27.0 166.3 193.3 0.0 0.0 0.0 0.0 193.3 77.4 40.4 37.0 284.9 17.2 379.5 684.3 684.3 -304.8 188.0 -606.9 759.7 498.0 63.6 877.5 1673.9 1673.9 0.0 1469.6 204.3 1686.7 32.7 14.4 18.3 17.0 13.5 0.0 -10.4 -12.2 1.8 51.4 53.2 0.0 55.5 52.9 354.0 2.1 117.3 96.6 715.9 100.8 44.0 0.9 7.7 92.9 1.0 9.5 9.6 7.0 1.1 6.8 0.5 17.1 190.8 -82.9 67.6 71.6

2007
32.3 115.0 147.3 0.0 0.0 75.0 75.0 222.3 5.2 5.2 0.0 202.7 71.2 279.1 623.7 698.7 -344.6 193.1 -618.5 1041.7 567.0 72.8 846.1 1753.4 1753.4 0.0 1642.3 111.1 1848.4 -63.0 17.7 -80.7 7.6 0.0 6.5 29.0 -88.3 117.3 -15.5 101.8 33.7 44.7 33.3 474.3 -9.5 -304.5 -15.2 456.0 105.4 -28.1 1.0 9.2 -9.4 0.2 -54.8 0.0 0.0 -4.6 -25.0 -27.3 14.6 207.2 -467.6 4.7 45.6

2008
226.4 -33.9 192.5 0.0 0.0 75.0 75.0 267.5 52.6 52.6 0.0 239.7 22.1 314.4 560.4 635.4 -246.0 100.9 -507.8 1060.0 513.5 77.6 827.9 1295.2 1295.2 0.0 1256.4 38.8 1462.7 -162.9 19.7 -182.6 5.6 0.0 0.0 45.2 -188.2 233.4 -110.6 122.8 28.0 56.1 52.2 330.1 -22.1 -416.4 -90.1 85.0 112.9 -12.1 1.5 19.5 -3.1 0.3 -94.9 0.0 0.0 -14.1 -8.1 -8.3 13.7 156.4 -67.6 -26.1 8.5

2009
226.4 42.9 269.3 0.0 0.0 75.0 75.0 344.3 193.5 193.5 0.0 177.1 25.8 396.4 508.6 583.6 -112.2 75.0 -315.1 1074.8 456.6 77.2 853.0 1239.6 1239.6 0.0 992.8 246.8 1187.6 81.3 12.7 68.6 0.0 0.0 0.0 76.8 68.6 8.2 145.8 154.0 21.8 77.9 72.9 216.7 8.0 89.3 94.7 118.9 95.8 15.6 1.0 16.9 0.0 0.2 25.5 0.0 0.0 5.5 3.0 3.0 15.0 145.3 -137.0 -4.3 11.9

520

Shell Pakistan Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

350.7 5781.9 6132.6 0.0 0.0 42.8 42.8 6175.4 2443.6 566.6 1877.0 2964.2 4537.0 9944.8 9168.8 9211.6 776.0 1497.3 -6725.2 9252.1 5399.3 617.0 15344.1 90663.5 90663.5 0.0 84456.3 6207.2 88412.8 2262.7 73.8 2188.9 609.8 1227.3 0.0 230.2 351.8 -121.6 968.8 847.2 0.7 108.5 59.0 150.2 14.3 152.8 114.4 1748.7 97.5 3.3 0.1 4.9 27.9 2.2 35.7 128.7 20.0 2.4 62.4 45.0 12.8 590.9 15.1 1.4 174.9

2005
350.7 8037.4 8388.1 0.0 0.0 16.3 16.3 8404.4

2006
438.3 9637.9 10076.2 0.0 0.0 7.0 7.0 10083.2

2007
547.9 8893.7 9441.6 0.0 0.0 0.5 0.5 9442.1

2008
684.9 5557.8 6242.7 0.0 0.0 1.8 1.8 6244.5

2009
684.9 271.3 956.2 0.0 0.0 1.8 1.8 958.0

2629.1 2858.2 2830.0 8568.1 3182.4 752.1 981.2 814.5 6549.9 869.6 1877.0 1877.0 2015.5 2018.2 2312.8 5498.0 9605.7 11557.8 14547.0 2683.3 6608.2 9979.9 8244.1 9004.3 13076.7 14735.3 22443.8 22631.9 32119.4 18942.4 11918.8 18050.7 19750.6 33014.8 25381.3 11935.1 18057.7 19751.1 33016.6 25383.1 2816.5 4393.1 2881.3 -895.4 -6438.9 3733.0 5063.3 7568.5 13896.7 8493.6 -9289.7 -15192.5 -16920.6 -24446.7 -22198.9 10094.4 5587.8 690.7 20323.1 112043.4 112043.4 0.0 103201.4 8842.0 108076.8 3973.9 330.9 3643.0 1281.4 0.0 0.0 2229.0 2361.6 -132.6 3052.3 2919.7 0.2 123.6 68.2 142.3 17.9 105.9 104.5 2391.8 96.5 8.3 0.3 8.9 35.2 2.7 43.4 0.0 3.3 103.9 67.3 12.8 551.3 66.5 23.6 239.2 10536.4 5690.2 655.7 28134.0 133636.6 133636.6 0.0 124233.1 9403.5 129358.6 4997.6 398.0 4599.6 1461.7 1315.0 109.6 1678.8 1822.9 -144.1 2478.6 2334.5 0.1 124.3 69.0 179.2 16.3 108.6 106.2 2298.9 96.8 8.0 0.3 7.9 31.8 3.9 45.6 238.6 13.1 3.4 104.9 71.6 11.8 475.0 1.0 19.3 229.9 11896.1 6560.8 578.3 29192.7 131040.2 131040.2 0.0 125266.8 5773.4 130696.2 1288.6 909.9 378.7 89.8 876.6 0.0 -641.1 -587.7 -53.4 -9.4 -62.8 0.0 114.6 72.8 209.2 1.3 91.7 15.0 1723.2 99.7 70.6 0.7 12.0 23.7 3.5 4.0 33.0 9.3 0.3 6.9 5.3 10.2 448.9 -93.4 -1.9 172.3 13180.9 7139.9 337.5 39259.3 84900.8 77990.4 6910.4 87849.7 -2948.9 92688.7 -7443.5 976.8 -8420.3 85.8 3424.4 171.2 -3197.6 -11930.5 8732.9 -11593.0 -2860.1 0.0 97.3 70.0 528.9 -21.4 373.1 405.3 911.5 109.2 -13.1 1.2 7.0 -1.0 3.4 -134.9 -248.4 54.9 -9.9 -122.9 -124.2 5.1 216.3 -1881.2 -35.2 91.1 12158.9 7396.9 743.4 26339.3 156000.1 141347.2 14652.9 143097.9 12902.2 151605.4 5311.3 1401.2 3910.1 210.8 2260.1 0.0 -5286.5 1439.2 -6725.7 2182.6 -4543.1 0.2 74.6 23.1 2654.6 14.8 -27.2 -48.0 139.6 97.2 26.4 0.9 16.5 5.4 0.8 408.9 163.7 236.4 2.5 57.1 54.0 10.4 592.3 -146.5 83.7 14.0

521

Sitara Energy Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

190.9 810.1 1001.0 0.0 0.0 66.0 66.0 1067.0 62.6 12.6 50.0 591.9 35.6 690.1 324.6 390.6 365.5 293.4 -262.0 1301.6 701.6 52.2 1391.7 1121.9 1121.9 0.0 984.0 137.9 1019.8 103.8 13.4 90.4 0.2 47.7 0.0 108.5 42.5 66.0 94.7 160.7 6.2 212.6 201.6 39.0 6.5 39.2 58.9 524.4 90.9 12.9 1.2 4.6 0.2 37.0 9.0 189.1 4.8 8.1 4.7 4.7 8.9 80.6 -17.5 -1.7 52.4

2005
190.9 769.7 960.6 0.0 0.0 46.2 46.2 1006.8 56.1 6.1 50.0 688.4 112.1 856.6 741.1 787.3 115.5 725.3 -685.0 1537.7 891.4 47.5 1748.0 1340.3 1340.3 0.0 1321.0 19.3 1353.4 -11.2 28.9 -40.1 0.3 47.7 0.0 -60.2 -88.1 27.9 -40.6 -12.7 4.6 115.6 100.5 82.0 -2.3 503.2 101.0 2.2 4.0 31.9 -4.2 -84.7 5.0 -3.0 -2.1 -2.1 6.8 76.7 -144.7 19.5 50.3

2006
190.9 776.7 967.6 0.0 0.0 85.8 85.8 1053.4 57.2 7.2 50.0 1001.2 45.2 1103.6 1042.4 1128.2 61.2 974.7 -985.2 1678.9 992.1 44.5 2095.7 1558.6 1558.6 0.0 1453.9 104.7 1490.0 97.0 89.7 7.3 0.3 0.0 0.0 46.6 7.0 39.6 51.5 91.1 8.1 105.9 101.5 116.6 0.3 15.0 56.5 506.9 95.6 92.5 5.8 9.2 4.1 24.7 0.8 0.0 0.0 0.5 0.4 0.4 5.0 74.4 -119.0 16.3 50.7

2007
190.9 777.9 968.8 0.0 20.0 862.8 882.8 1851.6 53.0 3.0 50.0 661.7 41.6 756.3 1009.9 1892.7 -253.6 1719.7 -956.9 2830.0 2105.2 40.0 2861.5 1691.9 1691.9 0.0 1515.6 176.3 1555.8 143.5 142.0 1.5 0.3 0.0 0.0 798.2 1.2 797.0 41.2 838.2 47.7 74.9 70.8 195.4 0.1 0.2 4.9 507.5 92.0 99.0 8.4 8.3 20.0 13.0 0.2 0.0 0.0 0.1 0.1 0.1 4.0 59.1 -75.0 8.6 50.7

2008
190.9 865.0 1055.9 0.0 980.0 95.7 1075.7 2131.6 26.2 26.2 0.0 899.8 169.3 1095.3 1168.2 2243.9 -72.9 2035.4 -1142.0 2988.0 2204.6 60.4 3299.9 2644.0 2644.0 0.0 2276.9 367.1 2338.2 319.9 226.5 93.4 0.4 47.7 0.0 280.0 45.3 234.7 105.7 340.4 50.5 93.8 79.3 212.5 2.8 16.2 31.1 553.1 88.4 70.8 8.6 11.1 0.4 13.6 8.8 195.0 4.5 3.5 4.9 4.9 2.9 80.1 4800.0 56.3 55.3

2009
190.9 923.5 1114.4 0.0 1040.0 167.0 1207.0 2321.4 60.9 10.9 50.0 1061.8 0.0 1122.7 1119.6 2326.6 3.1 2081.7 -1058.7 2247.3 2318.2 73.6 3440.9 3009.9 3009.9 0.0 2551.2 458.7 2612.6 404.5 324.2 80.3 1.4 38.2 0.0 189.8 40.7 149.1 114.3 263.4 52.0 100.3 100.3 208.8 2.3 21.4 43.4 583.8 86.8 80.1 10.8 15.6 1.7 15.3 7.2 206.5 3.4 2.7 4.2 4.1 3.3 87.5 -14.3 13.8 58.4

522

Southern Electric Power Co. Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

1366.8 1022.8 2389.6 0.0 0.0 3439.2 3439.2 5828.8 9.3 9.3 0.0 629.9 81.2 720.4 1512.4 4951.6 -792.0 4765.7 -1503.1 7816.6 6620.9 244.9 7341.3 2261.3 2261.3 0.0 1586.2 675.1 1670.7 591.2 356.9 234.3 0.0 0.0 124.3 -468.7 234.3 -703.0 479.2 -223.8 59.0 47.6 42.3 207.2 3.2 174.8 73.9 60.4 15.8 7.5 0.0 11.8 9.8 0.0 10.4 1.7 1.7 3.6 30.8 -29.2 -11.5 17.5

2005
1366.8 1086.8 2453.6 0.0 0.0 2858.0 2858.0 5311.6 11.4 11.4 0.0 827.3 156.1 994.8 2197.9 5055.9 -1203.1 4671.7 -2186.5 7946.5 6514.6 248.4 7509.4 2798.1 2798.1 0.0 2319.2 478.9 2401.5 411.8 349.3 62.5 0.0 18.4 0.0 -517.2 44.1 -561.3 292.5 -268.8 53.8 45.3 38.2 206.1 0.8 179.5 85.8 84.8 12.5 7.5 0.0 11.7 2.5 339.7 0.7 2.2 0.5 0.5 3.8 37.3 -70.6 23.7 18.0

2006
1366.8 1107.8 2474.6 0.0 0.0 2925.6 2925.6 5400.2 21.8 21.8 0.0 654.1 55.3 731.2 2304.9 5230.5 -1573.7 4709.7 -2283.1 8655.6 6973.9 249.9 7705.1 4240.6 4240.6 0.0 3691.2 549.4 3777.7 466.1 428.7 37.4 0.0 0.0 0.0 88.6 37.4 51.2 287.3 338.5 54.2 31.7 29.3 211.4 0.5 42.2 84.9 181.1 89.1 92.0 10.1 9.1 0.0 2.7 1.5 0.0 0.0 0.9 0.3 0.3 3.8 55.0 -40.0 51.6 18.1

2007
1366.8 812.6 2179.4 0.0 0.0 2465.9 2465.9 4645.3 99.3 99.3 0.0 735.3 75.4 910.0 3152.2 5618.1 -2242.2 4417.1 -3052.9 8818.0 6887.5 249.6 7797.5 4415.6 4415.6 0.0 4163.2 252.4 4250.4 170.4 465.5 -295.1 0.0 0.0 0.0 -754.9 -295.1 -459.8 -45.5 -505.3 53.1 28.9 26.5 257.8 -3.8 39.1 9.0 159.5 96.3 273.2 10.5 10.5 0.0 2.0 -13.5 0.0 0.0 -6.7 -2.2 -2.2 3.6 56.6 -833.3 4.1 15.9

2008
1366.8 514.9 1881.7 0.0 0.0 2898.4 2898.4 4780.1 41.2 41.2 0.0 848.6 34.7 924.5 3184.2 6082.6 -2259.7 4921.9 -3143.0 9251.9 7039.6 283.5 7964.1 3989.3 3989.3 0.0 3712.1 277.2 3815.0 275.1 572.9 -297.8 0.0 0.0 0.0 134.8 -297.8 432.6 -14.3 418.3 60.6 29.0 27.9 323.3 -3.7 -220.9 -3.4 137.7 95.6 208.3 14.4 11.6 0.0 10.1 -15.8 0.0 0.0 -7.5 -2.2 -2.2 4.1 50.1 0.0 -9.7 13.8

2009
1366.8 661.6 2028.4 0.0 0.0 3023.3 3023.3 5051.7 4.5 4.5 0.0 1837.1 79.3 1920.9 4196.9 7220.2 -2276.0 5479.2 -4192.4 9838.6 7327.7 320.8 9248.6 1911.2 1911.2 0.0 903.7 1007.5 1144.5 913.7 767.0 146.7 0.0 0.0 0.0 271.6 146.7 124.9 467.5 592.4 59.8 45.8 43.9 356.0 1.6 54.0 78.9 148.4 59.9 83.9 40.1 14.0 0.0 84.6 7.2 0.0 0.0 7.7 1.1 1.1 4.6 20.7 -150.0 -52.1 14.8

523

Sui Northern Gas Pipelines Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

4991.9 6603.2 11595.1 0.0 0.0 5035.8 5035.8 16630.9

2005
4991.9 18030.0 23021.9 0.0 0.0 3473.7 3473.7 26495.6

2006
4991.9 10110.1 15102.0 0.0 0.0 1949.1 1949.1 17051.1

2007
5491.1 10780.7 16271.8 0.0 0.0 662.5 662.5 16934.3

2008
5491.1 11618.4 17109.5 0.0 0.0 2780.5 2780.5 19890.0

2009
5491.1 10385.7 15876.8 0.0 0.0 0.0 0.0 15876.8

9353.4 8320.0 15405.4 13551.2 8653.1 1321.8 8519.6 8315.1 15400.5 13546.2 8137.1 1316.9 833.8 4.9 4.9 5.0 516.0 4.9 10360.1 15961.3 17817.2 19572.3 26274.5 41626.7 275.8 346.4 445.8 473.4 525.4 783.4 19989.3 24627.7 33668.4 33596.9 35453.0 43731.9 40294.0 38580.8 60178.8 66698.9 77728.3 106200.7 45329.8 42054.5 62127.9 67361.4 80508.8 106200.7 -20304.7 -13953.1 -26510.4 -33102.0 -42275.3 -62468.8 5960.4 5728.2 4508.8 1949.1 4342.4 1013.4 -30940.6 -30260.8 -44773.4 -53147.7 -69075.2 -104878.9 64175.1 36935.4 3333.5 56924.7 74005.6 74005.6 0.0 62427.1 11578.5 71303.1 4633.3 968.9 3664.4 802.3 1248.0 0.0 -3285.2 1614.1 -4899.3 4947.6 48.3 30.3 49.6 48.9 390.9 6.4 10243.5 232.3 96.3 20.9 1.3 16.3 21.9 12.8 31.6 229.3 10.8 5.0 7.3 5.7 9.9 130.0 14.1 62.1 23.2 71281.1 40448.7 3646.6 65076.4 78406.6 43561.5 4218.1 77229.9 89298.1 106078.4 128087.4 50036.2 62165.2 78345.4 4583.4 4929.3 5971.1 83633.1 97618.2 122077.3

97487.7 107897.3 137187.4 124155.0 168933.8 97487.7 107897.3 137187.4 124155.0 168933.8 0.0 0.0 0.0 0.0 0.0 85302.7 94032.5 123778.6 109107.5 151337.3 12185.0 13864.8 13408.8 15047.5 17596.5 94818.1 105178.7 136025.0 123241.6 171047.3 5194.1 6299.3 5110.3 4770.4 2383.5 913.8 1180.2 860.7 789.2 653.2 4280.3 5119.1 4249.6 3981.2 1730.3 1054.2 1515.7 1107.6 626.3 0.0 1248.0 1497.6 1647.3 1921.9 0.0 0.0 499.2 0.0 0.0 0.0 9864.7 -9444.5 1978.1 2105.8 7886.6 -11550.3 5624.7 13511.3 13.1 63.8 62.9 182.7 6.6 20.1 41.6 461.2 97.3 17.6 0.9 16.0 24.6 14.6 18.6 258.5 5.4 4.4 8.6 6.5 9.9 149.8 17.8 31.7 46.1 6323.9 -5226.4 11.4 55.9 55.2 411.4 6.6 -22.3 -121.0 302.5 97.5 18.7 1.1 26.2 29.6 13.5 33.9 240.6 9.9 4.7 10.3 7.2 10.4 139.7 19.8 10.7 30.3 -116.8 1494.7 -1611.5 6078.1 4466.6 3.9 50.4 49.7 414.0 5.1 -1279.7 136.1 296.3 99.2 16.8 0.6 44.2 26.1 11.8 26.1 190.7 10.1 3.1 7.7 5.7 10.5 164.0 -25.2 27.1 29.6 2955.7 1433.0 1522.7 6362.3 7885.0 14.0 45.6 44.9 470.6 4.1 48.5 80.7 311.6 99.3 16.5 0.6 18.2 15.7 15.1 23.3 174.6 11.2 3.2 7.3 6.1 9.9 127.2 -5.2 -9.5 31.2 -4013.2 1730.3 -5743.5 7701.4 1957.9 0.0 41.2 40.4 668.9 1.4 -43.1 393.4 289.1 101.3 27.4 0.4 64.5 0.0 15.2 10.9 0.0 0.0 1.0 3.2 3.2 9.6 138.4 -56.2 36.1 28.9

524

Sui Southern Gas Company Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

6711.7 5119.5 11831.2 0.0 1165.7 3445.7 4611.4 16442.6

2005
6711.7 4441.1 11152.8 0.0 416.3 6750.0 7166.3 18319.1

2006
6711.7 4477.8 11189.5 0.0 0.0 8725.1 8725.1 19914.6

2007
6711.7 2965.1 9676.8 0.0 2987.7 9472.5 12460.2 22137.0

2008
6711.7 3533.8 10245.5 0.0 0.0 15582.6 15582.6 25828.1

2009
6711.7 2927.9 9639.6 0.0 0.0 16361.4 16361.4 26001.0

3245.3 1435.7 4071.8 5504.4 4513.9 2744.0 3040.8 1269.2 3814.6 5267.6 4356.4 1477.2 204.5 166.5 257.2 236.8 157.5 1266.8 10896.5 14317.4 17770.3 24650.6 32799.5 59179.9 198.4 227.3 281.4 368.9 512.4 490.5 14340.2 15980.4 22123.5 30523.9 37825.8 62414.4 15394.1 19302.4 27108.7 39720.8 45805.1 74509.0 20005.5 26468.7 35833.8 52181.0 61387.7 90870.4 -1053.9 -3322.0 -4985.2 -9196.9 -7979.3 -12094.6 6316.5 8831.4 11409.3 15717.5 17997.2 21252.3 -12148.8 -17866.7 -23036.9 -34216.4 -41291.2 -71765.0 37726.4 17496.6 1937.8 31836.8 54444.6 54444.6 0.0 48358.0 6086.6 53909.6 2267.9 695.6 1572.3 825.5 1006.8 0.0 1050.4 -260.0 1310.4 1677.8 2988.2 28.0 93.2 91.9 169.1 4.9 -24.8 56.1 176.3 99.0 30.7 1.3 11.0 52.5 12.3 13.3 74.2 8.5 2.9 2.3 1.1 11.3 171.0 -25.8 31.0 17.6 43963.1 21641.1 2175.7 37621.5 62511.7 62511.7 0.0 56621.7 5890.0 62951.7 2151.7 563.0 1588.7 197.4 1006.8 0.0 1876.5 384.5 1492.0 2560.2 4052.2 39.1 82.8 81.6 237.3 4.2 20.5 63.2 166.2 100.7 26.2 0.9 6.4 12.4 14.0 14.2 138.2 9.0 2.5 2.4 2.1 12.4 166.2 4.3 14.8 16.6 49247.0 24899.9 2226.4 47023.4 77562.3 77562.3 0.0 70853.1 6709.2 77602.3 3110.8 1390.5 1720.3 417.1 872.5 0.0 1595.5 430.7 1164.8 2657.1 3821.9 43.8 81.6 80.6 320.2 3.7 27.0 69.5 166.7 100.1 44.7 1.8 12.2 24.2 14.1 15.4 149.4 7.8 2.2 2.6 1.9 10.3 164.9 8.3 24.1 16.7 57756.0 31333.8 2248.4 61857.7 85716.7 85716.7 0.0 79789.4 5927.3 86671.8 3114.0 1778.7 1335.3 370.2 335.6 0.0 2222.4 629.5 1592.9 2877.9 4470.8 56.3 76.8 75.9 539.2 2.2 28.3 64.4 144.2 101.1 57.1 2.1 11.3 27.7 18.8 13.8 287.6 3.5 1.6 2.0 1.4 9.0 138.6 -23.1 10.5 14.4 61543.6 68158.6 33807.6 38095.6 2215.5 2772.8 71633.4 100510.0 86829.3 86829.3 0.0 79425.2 7404.1 87554.0 4752.2 2370.7 2381.5 415.5 839.0 0.0 3691.1 1127.0 2564.1 3342.5 5906.6 60.3 82.6 81.5 599.2 3.3 30.5 56.6 152.7 100.8 49.9 2.7 13.2 17.4 23.1 23.2 234.3 8.2 2.7 3.5 2.9 7.4 121.2 75.0 1.3 15.3 108151.1 108151.1 0.0 102388.9 5762.2 113244.4 4826.5 4409.8 416.7 0.0 0.0 0.0 172.9 416.7 -243.8 3189.5 2945.7 62.9 83.8 83.1 942.7 0.4 241.0 108.3 143.6 104.7 91.4 4.1 20.7 0.0 30.1 4.3 0.0 0.0 0.4 0.6 0.6 8.2 107.6 -82.9 24.6 14.4

525

The Hub Power Company Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

11571.5 18076.1 29647.6 0.0 0.0 13230.7 13230.7 42878.3 5803.8 5803.8 0.0 8030.8 1513.8 15348.4 8894.5 22125.2 6453.9 19149.9 -3090.7 48564.2 36424.4 1649.8 51772.8 16678.1 16678.1 0.0 8781.9 7896.2 9116.5 7686.2 2223.2 5463.0 0.0 4281.5 0.0 -1833.9 1181.5 -3015.4 2831.3 -184.1 30.9 172.6 155.5 74.6 10.6 256.2 54.7 28.9 13.3 11.6 0.0 11.3 18.4 127.6 14.4 32.8 4.7 4.7 4.4 32.2 -11.3 -14.5 25.6

2005
11571.5 20097.6 31669.1 0.0 0.0 10229.3 10229.3 41898.4 6038.1 6038.1 0.0 4407.0 1251.0 11696.1 4729.7 14959.0 6966.4 13266.8 1308.4 48410.0 34931.9 1647.8 46628.0 17909.5 17909.5 0.0 10752.5 7157.0 10946.7 7193.8 1808.2 5385.6 0.0 3355.7 0.0 -979.9 2029.9 -3009.8 3677.7 667.9 24.4 247.3 220.8 47.2 11.6 550.6 273.7 61.1 25.1 10.1 13.6 0.0 8.1 17.0 160.5 10.6 30.1 4.7 4.7 4.5 38.4 0.0 7.4 27.4

2006
11571.5 18408.2 29979.7 0.0 0.0 9250.2 9250.2 39229.9 3363.3 3363.3 0.0 4936.5 1890.9 10190.7 4280.0 13530.2 5910.7 10229.3 -916.7 48733.0 33319.2 1652.7 43509.9 30915.7 30915.7 0.0 26557.3 4358.4 26838.0 4346.0 1577.5 2768.5 0.0 2140.7 0.0 -2668.5 627.8 -3296.3 2280.5 -1015.8 23.6 238.1 193.9 45.1 6.4 -23.5 -224.5 259.1 86.8 36.3 5.1 15.4 0.0 9.5 9.2 129.3 7.1 9.0 2.4 2.4 4.7 71.1 -48.9 72.6 25.9

2007
11571.5 17475.5 29047.0 0.0 0.0 8271.2 8271.2 37318.2

2008
11571.5 16896.6 28468.1 0.0 0.0 7292.1 7292.1 35760.2

2009
11571.5 17958.5 29530.0 0.0 0.0 11340.9 11340.9 40870.9

742.9 662.2 1690.3 742.9 662.2 1033.8 0.0 0.0 656.5 9825.1 26529.8 48056.6 2563.8 1564.2 2540.9 13131.8 28756.2 52287.8 7670.1 26933.9 49312.4 15941.3 34226.0 60653.3 5461.7 1822.3 2975.4 11340.3 21597.9 15902.2 -6927.2 -26271.7 -47622.1 48914.6 31856.6 1657.0 44988.4 49575.0 49575.0 0.0 45411.2 4163.8 45664.1 4071.7 1417.5 2654.2 0.0 3297.9 0.0 -1911.7 -643.7 -1268.0 1013.3 -254.7 22.2 171.2 137.8 54.9 5.9 33.7 -397.8 251.0 92.1 34.8 2.9 12.5 0.0 16.0 9.1 80.5 11.4 5.4 2.3 2.3 5.0 110.2 -4.2 60.4 25.1 52652.4 33938.1 1665.8 62694.3 70428.6 70428.6 0.0 65678.7 4749.9 65967.5 4566.5 1966.0 2600.5 0.0 2487.9 0.0 -1558.0 112.6 -1670.6 1778.4 107.8 20.4 106.8 101.0 120.2 4.1 -7.2 1649.7 246.0 93.7 43.1 2.8 9.1 0.0 35.3 9.1 104.5 8.7 3.7 2.2 2.2 5.2 112.3 -4.3 42.1 24.6 58308.5 37895.7 1706.7 90183.5 82783.9 82783.9 0.0 76687.1 6096.8 77046.7 5875.5 2094.5 3781.0 0.0 3876.5 0.0 5110.7 -95.5 5206.2 1611.2 6817.4 27.7 106.0 100.9 205.4 4.2 -1.9 23.6 255.2 93.1 35.6 2.5 13.2 0.0 56.3 12.8 97.5 13.1 4.6 3.3 3.3 5.0 91.8 50.0 17.5 25.5

526

Tri-Star Power Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

150.0 37.8 187.8 0.0 0.0 0.0 0.0 187.8 66.0 0.3 65.7 50.8 0.0 116.8 0.7 0.7 116.1 0.0 65.3 177.3 71.7 8.0 188.5 8.0 8.0 0.0 0.0 8.0 13.0 -5.0 0.0 -5.0 0.0 0.0 0.0 0.0 -5.0 5.0 3.0 8.0 0.0 16685.7 16685.7 0.4 -2.7 37.5 125.2 162.5 0.0 546.3 -2.7 0.0 -62.5 -0.3 -0.3 10.0 4.2 -78.6 12.5

2005
150.0 37.8 187.8 0.0 0.0 0.0 0.0 187.8 66.0 0.3 65.7 50.8 0.0 116.8 0.7 0.7 116.1 0.0 65.3 177.3 71.7 8.0 188.5 8.0 8.0 0.0 0.0 8.0 13.0 -5.0 0.0 -5.0 0.0 0.0 0.0 0.0 -5.0 5.0 3.0 8.0 0.0 16685.7 16685.7 0.4 -2.7 37.5 125.2 162.5 0.0 546.3 -2.7 0.0 -62.5 -0.3 -0.3 10.0 4.2 0.0 0.0 12.5

2006
150.0 96.5 246.5 0.0 0.0 0.0 0.0 246.5 152.3 0.0 152.3 49.8 0.0 202.1 2.7 2.7 199.4 0.0 149.6 177.3 47.1 5.2 249.2 0.0 0.0 0.0 5.3 -5.3 5.7 -5.7 0.0 -5.7 0.0 0.0 0.0 58.7 -5.7 64.4 -0.5 63.9 0.0 7485.2 7485.2 1.1 -2.3 -9.7 -0.8 164.3 0.0 0.0 0.0 0.0 0.0 0.0 -2.3 0.0 0.0 0.0 -0.4 -0.4 9.9 0.0 33.3 -100.0 16.4

2007
150.0 122.6 272.6 0.0 0.0 0.0 0.0 272.6 183.4 0.0 183.4 49.7 0.0 233.1 2.9 2.9 230.2 0.0 180.5 177.3 42.4 4.7 275.5 0.0 0.0 0.0 4.8 -4.8 5.1 -5.1 0.0 -5.1 0.0 0.0 0.0 84.8 -5.1 89.9 -0.4 89.5 0.0 8037.9 8037.9 1.1 -1.9 -6.0 -0.4 181.7 0.0 0.0 0.0 0.0 0.0 0.0 -1.9 0.0 0.0 0.0 -0.3 -0.3 10.0 0.0 0.0 -100.0 18.2

2008
150.0 122.6 272.6 0.0 0.0 0.0 0.0 272.6 183.4 0.0 183.4 49.7 0.0 233.1 2.9 2.9 230.2 0.0 180.5 177.3 42.4 4.7 275.5 0.0 0.0 0.0 4.8 -4.8 5.1 -5.1 0.0 -5.1 0.0 0.0 0.0 0.0 -5.1 5.1 -0.4 4.7 0.0 8037.9 8037.9 1.1 -1.9 0.0 -8.5 181.7 0.0 0.0 0.0 0.0 0.0 0.0 -1.9 0.0 0.0 0.0 -0.3 -0.3 10.0 0.0 0.0 18.2

2009
150.0 122.6 272.6 0.0 0.0 0.0 0.0 272.6 183.4 0.0 183.4 49.7 0.0 233.1 2.9 2.9 230.2 0.0 180.5 177.3 42.4 4.7 275.5 0.0 0.0 0.0 4.8 -4.8 5.1 -5.1 0.0 -5.1 0.0 0.0 0.0 0.0 -5.1 5.1 -0.4 4.7 0.0 8037.9 8037.9 1.1 -1.9 0.0 -8.5 181.7 0.0 0.0 0.0 0.0 0.0 0.0 -1.9 0.0 0.0 0.0 -0.3 -0.3 10.0 0.0 0.0 18.2

527

Altern Energy Limited

Descon Headquarter, 18-KM Ferozpur Road, Lahore.

Management
Mr. Abdul Razzak Dawood(Chairman) Mr. Sabeeh ud-din Farooqi(Chief Executive) Mr. Khalid Salman Khan(Director) Syed Zamanat Abbas(Director) Shaikh Azhar Ali(Director) Syed Ali Nazir Kazmi(Director) Shah Muhammad Chowdhary(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 27th October , 2009 30th June , 2009 Bank Al-Falah Ltd. Bank of Punjab Ltd. MCB Bank Ltd. Habib Bank Ltd.

Banker

Auditor
KPMG Taseer Hadi & Co.

Standard Chartered Bank ( Pakistan) Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 8.00 20.90 6.00 9.80

Production Desc
Power generation

Units
GWH

Capacity
3543

Actual Production
3505

Attock Petroleum Ltd.

6, Faisal Avenue, F-7/1, Islamabad.

Management
Dr. Ghaith R. Pharaon(Chairman) Mr. Shuaib A. Malik(Chief Executive) Mr. Laith G. Pharaon(Director) Mr. Wale G. Pharaon(Director) Mr. M. Adil Khattak(Director) Mr. Babar Bashir Nawaz(Director) Mr. Munaf Ibrahim(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 250 Allied Bank Ltd. Habib Bank Ltd. Faysal Bank Ltd.

Banker

Auditor
M/s. A. F. Fergusan & Co.

National Bank of Pakistan. My Bank Ltd. NIB Bank Ltd. Silk Bank Ltd. 08th September, 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 318.51 427.96 130.29 285.09 9

Production Desc
Oil distribution

Units

Capacity
Indeterminable

Actual Production

528

Attock Refinery Ltd.

The Refinery, Morgah, Rawalpindi.

Management
Dr. Ghaith R. Pharaon(Chairman) Mr. Adil Khattak(Chief Executive) Mr. Shuaib Anwar Malik(Deputy Chairman) Mr. Wael Ghaith Pharaon(Director) Mr. Tariq Iqbal Khan(Director) Mr. Laith Ghaith Pharaon(Director) Mr. Arib Habib(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 29th October , 2009 30th June , 2009 Faysal Bank Ltd. Habib Bank Ltd. MCB Bank Ltd.

Banker

Auditor
M/s. A. F. Ferguson & Co.

Saudi Pak Leasing Co. Ltd. United Bank Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 124.79 253.00 38.91 139.63

Production Desc
Refining crude oil

Units
million US barrel

Capacity
14,320

Actual Production
14,901

Byco Petruleum (Bosicor Pakistan Limited.)

2nd Floor, Business Plaza, Mumtaz Hussain Road, Karachi.

Management
Mr. Amir Abbassciy(Chairman) Mr. Hamid Imtiaz Hanfi(Vice President) Mr. Kashif Shah(Director) Mr. Muhammad Rashid Zahir(Director) Syed Arshad Raza(Director) Mrs. Uzma Abbassciy(Director) Mrs. Saima Roomi(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Bank Alfalah Ltd. Habib Bank Ltd. Allied Bank Ltd.

Banker

Auditor
M/S Faruq Ali & Co.

Bankislami Pakistan Ltd. Habib Metropolitan Bank Limted Askari Bank Ltd. JS Bank Ltd. 30th November , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 6.96 13.27 3.55 7.80

Production Desc
Oil refining

Units
US barrels (in thous.)

Capacity
7,020

Actual Production
7,168

529

Generteck Pakistan Ltd.

31/C-1, Ghalib Road, Gulberg-III, Lahore.

Management
Mr. Jahangir Elahi(Chairman / C.E.O.) Mr. Tanvir Elahi(Director) Mr. Amir Jahangir(Director) Mr. Muhammad Ashfaq Nadeem(Director) Mr. Shahrukh Elahi(Director) Mr. Tariq Latif(Director) Sheikh Muhammad Ashraf(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2008 30th June , 2008 Faysal Bank Ltd. MCB Bank Ltd. The Bank Of Punjab United Bank Ltd.

Banker

Auditor
M/S Zahid Jamil & Co.

Face Value Market Price as on 30/06/2008 Highest Price in Lowest Price in Average Price in Investment Yield% 2008 2008 2008

Rs. Rs. Rs. Rs. Rs.

10.00 2.33 4.75 2.01 2.78

Production Desc
Power generation

Units
MWH

Capacity
167141

Actual Production
19535

Ideal Energy Ltd.

404, 4th Floor, Business Centre, Dunnally Road, Karachi.

Management
Mr. Nisar Ahmed Shaikh(Chairman) Mr. Amjad Saeed(Director) Mr. Muhammad Anwar Sajjad(Director) Mr. Muhammad Saeed(Director) Mr. Shahzad Ahmed(Director) Mrs. Noureen Shahzad(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Faysal Bank Ltd. Mr. Muhammad Arshad Shaikh(Chief Executive) Habib Bank Ltd.

Banker

Auditor
M/s. Riaz Ahmed & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 15.00 19.00 14.00 16.50

Production Desc
Power generation

Units
Mega Watt hours

Capacity
96,480

Actual Production
2,875

530

Japan Power Generation Ltd.

Near Jia Bagga Railway Station, Off. Raiwind Road, Chowk Araian, Lahore.

Management
Col. (R) Shahid Qamar Yazdanie(Chairman) Mr. Khan Ahmed Saleem(Chief Executive) Syed Mujahid Hussain Naqvi(Director) Mr. Mansoor-ur-Rehman(Director) Mr. Muhammad Hanif Abbasi (NBP)(Director) Mr. Shahbaz Jameel(Director) Mr. Muhammad Faisal israr(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Silk Bank Ltd. Askari Bank Ltd. RBS Bank Ltd.

Banker

Auditor
M/S Hyder Bhimji & Co.

National Bank of Pakistan. Faysal Bank Ltd. Allied Bank Ltd. Samba Bank Limited 25th November , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 1.80 6.95 1.10 2.52

Production Desc
Power generation

Units
MWH

Capacity
1,055,580

Actual Production
256,870

Karachi Electric Supply Corporation Ltd.

6th Floor, State Life Building NO.11, Abdullah Haroon Road, Karachi

Management
Mr. Wawar Hassan Siddiquie(Chairman) Mr. Naveed Ismail(Chief Exec. Officer) Mr. Farrukh Abbas(Director) Mr. Shan A. Ashary(Director) Mr. Zulfiqar Haider Ali(Director) Mr. Tabish Gauhar(Director) Mr. Fazal Ahmad Khan(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%)

Banker
Allied Bank Of Pakistan Ltd. Askari Commercial Bank Ltd. Citibank N.A. Bank Al-Falah Ltd. Habib Bank Ltd. MCB Bank Ltd. National Bank Of Pakistan 26th October , 2009 30th June , 2009 Face Value

Auditor
M/s. Ford Rhodes Sidat Hyder & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

3.50 2.65 5.63 1.50 3.12

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Electric genaration

Units
electric units

Capacity
1,611 MW

Actual Production
8,262.0 million KWH

531

Kohinoor Energy Ltd.

1404,14th Floor, Green Trust Tower, Blue Area, Islamabad.

Management
Mr. M. Naseem Saigol(Chairman) Mr. Muneki Udaka(Chief Executive) Mr. Shinichi Ushijima(Director) Shaikh Muhammad Shakeel(Director) Mr. Ghazanfar Ali Zaidi(Director) Mr. Ghazanfar Ali Kh (Wartsila Diesel Oy Finland Mr. Hiroshie Uga(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 45 29th October , 2009 30th June , 2009

Banker
ABN Amro Bank N.V. U.S.Bank New York (Off Share Trustee) Bank Alfalah Ltd. Standard Chartered Bank Faysal Bank Limited

Auditor
M/s. A. F. Ferguson & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 29.00 30.00 16.50 21.00 21

Production Desc
Power generation

Units
MWH

Capacity
1,086,240

Actual Production
872,630

Kohinoor Power Company Ltd.

17-Aziz Avenue, Canal Bank, Gulberg-V, Lahore.

Management
Mr. M. Naseem Saigol(Chairman / C.E.O.) Mr. Muhammad Omer Farooq(Director) Mr. M. Azam Saigol(Director) Mr. Muhammad Asif Bajwa(Director) Mr. Muhammad Athar Rafiq(Director) Mr. Shahid Sethi(Director) Mr. Rashid Ahmad Javaid(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Askari Bank Ltd. Bank Al-Falah Ltd. Habib Bank Ltd. MCB Bank Ltd.

Banker

Auditor
M/s. Manzoor Hussain Mir & Co.

National Bank Of Pakistan Faysal Bank Ltd. Standard Chartered Bank ( Pakistan) Ltd. 31st October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 7.48 20.99 6.51 12.69

Production Desc
Electricity production

Units
M.W.

Capacity
122,530

Actual Production
76,131

532

Kot Addu Power Co. Ltd.

House No. 6, Street No. 56, F-8/4, Islamabad.

Management
Mr. Shakil Durrani(Chairman) Mr. Aftab Mahmood Butt(Chief Execuative) Mr. Malcolm P. Clampin(Director) Mr. Vinece Richard Harris OBE(Director) Mr. Anwar-ul-Haq(Director) Mr. Muhammad Azhar Iqbal(Director) Mr. Khalid Rashid(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 64.5 NIB Bank Ltd. Allied Bank Ltd. United Bank Ltd. Bank Al-Falah Ltd. RBS Bank Ltd. Citibank N.A.

Banker

Auditor
M/S A. F. Ferguson & Co.

Standard Chartered Bank ( Pakistan) Ltd. 26th October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 42.26 49.00 25.09 38.13 17

Production Desc
Power generation

Units
M.Wh.

Capacity
11,755,920

Actual Production
7,545,364

Mari Gas Company Ltd.

21 Mauve Area, 3rd Road, Sector G-10/4, Islamabad.

Management
Lt. Gen. Hamid Rab Nawaz(Chairman) Mr. Qaiser Javed(Director) Brig.(Retd.) Rahat Khan(Director) Brig.(Retd.) Arif Rasul Qureshi(Director) Dr. Nadeem Inayat(Director) Mr. Muhammad Razi Abbas(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 32.17 100 Habib Bank Ltd. Bank Alfalah Ltd.

Banker

Auditor
M/S Yousuf Adil Saleem & Co.

Lt.Gen.(Retd.) Mushtaq Hussain(M.D. / C.E.O.) National Bank Of Pakistan Hong Kong & Shanghai Banking Corp. Allied Bank Of Pakistan Ltd. Askari Bank Ltd. United Bank Ltd. 30th October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 148.83 266.84 72.58 154.98 9

Production Desc
Oil & gas exploration

Units

Capacity

Actual Production

533

National Refinery Ltd.

7-B, Korangi Industrial Zone, P.O.Box.8228, Karachi-74900

Management
Dr. Ghaith R. Pharaon(Chairman) Mr. Shuaib A. Malik(Director) Mr. Laith A. Pharaon(Director) Mr. Wael G. Pharaon(Director) Mr. Abdus Sattar(Director) Mr. Tarik Kivanc(Director) Mr. Firasat Ali(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 125 19th October , 2009 30th June , 2009 Faysal Bank Ltd.

Banker
Habib Metropolitan Bank Limted Habib Bank Ltd. Natioanl Bank of Paksitan United Bank Ltd.

Auditor
M/S A. F. Ferguson & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 220.02 296.99 85.89 189.37 7

Production Desc
Refineing of crude oil for fuel Refineing of crude oil for lube

Units
M.Tons M.Tons

Capacity
2,710,500 620,486

Actual Production
2,423,683 673,666

Oil & Gas Development Company Ltd. (OGDC)

OGDCL House, Plot No. 3, F-6/G-6, Blue Area, Jinnah Avenue, Islamabad

Management
Mr. Farooq Rahmatullah(Chairman) Mr. Zahid Hussain(M.D. / C.E.O.) Mr. Muhammad Ejaz Chaudhry(Director) Mr. Tariq Iqbal Khan(Director) Mr. Sikander Hayat Jamali(Director) Mr. Waqar A Malik(Director) Mr. Rafique Dawood(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 82.5 Habib Bank Ltd. Faysal Bank Ltd. Bank Alfalah Ltd. Bank Al-Habib Ltd.

Banker
National Bank of Pakistan.

Auditor
KPMG Taseer Hadi & Co. M/s M. Yousuf Adil Saleem & Co.

Habib Metropolitan Bank Ltd. Askari Bank Ltd. 28th September, 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 78.64 125.49 40.56 87.64 9

Production Desc
Oil & gas exploration

Units

Capacity

Actual Production

534

Pakistan Oilfields Ltd.

P.O L. House, Morgah, Rawalpindi

Management
Mr. Shuaib A. Malik(Chairman) Mr. Sajid Nawaz(Chief Executive) Mr. Arif Kemal(Director) Mr. Muhammad Najam Ali(Director) Dr. Ghaith R. Pharaon(Director) Mr. Laith G. Pharaon(Director) Mr. Wael G. Pharaon(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 180 29th October , 2009 30th June , 2009 Askari Bank Ltd. Faysal Bank Ltd. Habib Bank Ltd. MCB Bank Ltd. United Bank Ltd.

Banker

Auditor
M/S A. F. Ferguson & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 145.90 369.48 78.00 211.88 8

Production Desc
Oil & gas exploration

Units

Capacity

Actual Production

Pakistan Petroleum Ltd.

PIDC House, Dr. Ziauddin Ahmed Road, Karachi-75530.

Management
Mr. M.A.K. Alizai(Chairman) Mr. Khalid Rahman(M.D. / C.E.O.) Mr. S.R. Poonegar(Director) Mr. Sajid Zahid(Director) Mr. Irshad Ahmed Kaleemi(Director) Mr. Pervaiz Kausar(Director) Mr. Khushhal Khan(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 130 20 Allied Bank Ltd. Askari Bank Ltd. Bank Al-Falah Ltd. Bank Al-Habib Ltd. Citibank N.A. Deutsche Bank A.G. Faysal Bank Ltd. 29th September, 2009 30th June , 2009

Banker

Auditor
M/s. Ford Rhodes Sidat Hyder & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 189.54 248.50 98.50 187.64 8

Production Desc
Oil & gas exploration

Units

Capacity

Actual Production

535

Pakistan Refinery Ltd.

P.O.Box No. 4612, Korangi Creek Road, Karachi-74900

Management
Mr. Farooq Rahmatullah(Chairman) Mr. Ijaz Ali Khan(M.D. / C.E.O.) Mr. Ardeshir Cowasjee(Director) Mr. Zaiviji Ismail Bin Abdullah(Director) Mr. Irfan K. Qureshi(Director) Mr. Asif Sindhu(Director) Mr. Sabar Husain(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) RBS Bank Ltd. Bank Al-Habib Ltd.

Banker

Auditor
M/s A. F. Ferguson & Co.

HSBC Bank Middle East Ltd. Askari Bank Ltd. Bank Al-Falah Ltd. Citibank N.A. Habib Metropolitan Bank Ltd. 22nd October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 89.80 149.87 47.50 95.77

Production Desc
Crude oil refining

Units
M. Tons

Capacity
2,133,705

Actual Production
1,888,326

Pakistan State Oil Company Ltd.

PSO House, Khayaban-e-Iqbal, P.O.Box No. 3983, Clifton, Karachi

Management
Sardar Muhammad Yasin Malik(Chairman) Mr. Irfan K. Qureshi(Managing Director) Mr. Mohammad Ejaz Chaudhry(Director) Mr. Mohammad Akhtar(Director) Mr. Arshad Said(Director) Mr. Istaqbal Mehdi(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 50 RBS Bank Ltd.

Banker
Allied Bank Of Pakistan Ltd. Habib Metropolitan Bank Ltd. Askari Bank Ltd. Bank Alflah Limited Citibank N.A. 29th September, 2009 30th June , 2009 Face Value

Auditor
M/s. A. F. Ferguson & Co. M/s. Ford Rhodes Sidat Hyder & Co.

Mr. Muhammad Yousaf Qamar Hussain Siddiqui Bank Al-Habib Ltd.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 213.65 439.99 92.10 272.73 2

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Oil distribution

Units

Capacity

Actual Production

536

S.G. Power Ltd.

Plot No. B-40, S. I. T. E., Karachi

Management
Mr. S. M. Ahmed(Chairman / C.E.O.) Mst. Ghazala Ahmed(Director) Mr. Rafiq Ahmed(Director) Mrs. Tania Asim(Director) Mr. Abdul salam(Director) Mr. mohammad Hanif(Director) Mst. Zubaida Khatoon(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th October , 2009 30th June , 2009 Habib Bank Ltd. Soneri Bank Ltd. Mybank Ltd.

Banker

Auditor
M/S Muniff Ziauddin & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.40 2.88 .25 .95

Production Desc
Electricity Steam

Units
KWH Kilograms

Capacity
91,419,360 50,280,648

Actual Production
Nil Nil

Shell Gas LPG (Pakistan) Ltd.

Adjacent to Pakistan Refinery Ltd., Korangi Creek, Karachi

Management
Mr.Zaiviji Ismail bin Abdullah(Chairman) Ms. Fawzia Kazmi(G.M. / C.E.O.) Mr. Adam Harrison(Director) Ms. Sok Mei Wong(Director) Mr. Istaqbal Mehdi(Director) Mr. Sameer Amin(Director) Ms. Khurshid Bhaimia(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Citibank N.A. Habib Bank Ltd. MCB Bank Ltd.

Banker

Auditor
M/S A. F. Ferguson & Co.

Standard Chartered Bank Ltd. National Bank of Pakistan United Bank Ltd. Royal Bank of Scotland 16th October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 53.00 143.00 36.40 77.74

Production Desc
LPG bottle filling

Units
M. Tons per day

Capacity
85

Actual Production
indeterminable

537

Shell Pakistan Ltd.

Shell House, 6, Ch. Khaliquzzaman Road, Karachi

Management
Mr. Zaiviji Ismail bin Abdullah(Chairman / C.E.O. Bank Al-Habib Ltd. Ms. Shahnaz Wazir Ali(Director) Mr. Rafi H. Basheer(Director) Mr. Farrakh K. Captain(Director) Mr. Michael Noll(Director) Mr. Badaruddin F. Vellani(Director) Mr. Yousuf Ali(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 330 20th April , 2010 Citibank N.A. Habib Bank Ltd. MCB Bank Ltd. United Bank Ltd.

Banker

Auditor
M/S A. F. Ferguson & Co.

Face Value Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 250.36 294.80 151.38 226.14 11

31st December , 2009

Production Desc
Oil distribution

Units

Capacity

Actual Production

Sitara Energy Ltd.

601-602 Business Centre, Mumtaz Hassan Road, Karachi-74000.

Management
Mr. Javed Iqbal(Chief Executive) Mr. Muhammad Anis(Director) Mr. Imran Ghafoor(Director) Mr. Muhammad Adrees(Director) Mrs. Sharmeen Imran(Director) Miss Hiniah Javed(Director) Mrs Naureen Jawed(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 20

Banker
Al-Baraka Islamic Bank B.S.C.(E.C.) Allied Bank Of Pakistan Ltd. Faysal Bank Ltd. National Bank Of Pakistan Standard Chartered Bank ( Pakistan) Ltd. The Bank Of Punjab Bank Al-Falah Ltd. 31st October , 2009 30th June , 2009 Face Value

Auditor
M/s Avais Hyder Liaquat Nauman & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 19.55 27.10 17.65 22.38 10

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Power generation

Units
Mega Watt Hours

Capacity
713,590

Actual Production
371,785

538

Southern Electric Power Co. Ltd.

No. 38, First Street, F-6/3, Islamabad.

Management
Mr. Taj ud Deen Kurji(Chairman / C.E.O.) Mr. Anthony Rustin(Director) Mr. Klaus Triendl(Director) Ms. Carole Linda Idris(Director) Mr. S. M. Ghalib(Director) Mr. Stephane Mailhot(Director) Mr. Rashid Mirza(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 29th October , 2009 30th June , 2009 Faysal Bank Ltd. RBS Bank Ltd. United Bank Limited

Banker

Auditor
KPMG Taseer Hadi & Co.

Natioanl Bank of Paksitan Askari Bank Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 3.21 5.50 1.70 3.35

Production Desc
Electric Generation

Units
MWH

Capacity
119,458

Actual Production
48,202

Sui Northern Gas Pipelines Ltd.

Gas House, 21-Kashmir Road,P.O.Box # 56, Lahore

Management
Mr. Tariq Iqbal Khan(Chairman) Mr. Abdul Rashid Lone(M.D. / C.E.O.) Mr. Muhammad Razi Abbas(Director) Mr. S. M. Asghar(Director) Mr. A. Samad Dawood(Director) Mr. Arif Ibrahim(Director) Mr. Abdul Bari Khan(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th October , 2009 30th June , 2009 Citibank N.A. Habib Bank Ltd. MCB Bank Ltd. United Bank Ltd.

Banker
Allied Bank Of Pakistan Ltd.

Auditor
M/s Ford Rhodes Sidat Hyder & Co. M/s Riaz Ahmad & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 31.95 45.75 17.52 34.02

Production Desc
Transmission of naturl gas

Units
HM3

Capacity
459,234

Actual Production
504,034

539

Sui Southern Gas Company Ltd.

St-4/B Block-14, Sir Shah Muhammad Suleman Road, Gulshan-e-Iqbal, Karachi-75300

Management
Mr. Salim Abbas Jilani(Chairman) Mr. Umair Khan(Managing Director) Mr. Saeedullah Shah(Director) Mr. Zahid Hussain(Director) Mr. Javiad Bashir Shaikh(Director) Mirza Mehmood Ahmad(Director) Mr. Nassar Ahmed(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th October , 2009 30th June , 2009 Habib Bank Ltd. MCB Bank Ltd. Union Bank Ltd. United Bank Ltd.

Banker
Allied Bank Of Pakistan Ltd.

Auditor
M/s. KPMG Taseer Hadi & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 14.00 28.25 10.26 17.34

Production Desc
Natural gas transmissios

Units
MMCF

Capacity
509,328

Actual Production
422,282

The Hub Power Company Ltd.

C/o.Famco Associates (Pvt.) Ltd., 12, Capital Shopping Centre, 2nd Floor, G-11 Markaz, Islamabad.

Management
Mr. Javed Mehmood(Chief Executive) Mr.M.A.Alireza,H.l.(Director) Dr.Fereydoomn Abtahi(Director) Mr. R.A.Bramley(Director) Mr. Malcom Clampin(Director) Mr. Vince R. Harris(Director) Mr. Arif Ijaz(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 33.5 Allied Bank Ltd. Citibank N.A.

Banker

Auditor
M/s. M. Yousaf Adil Saleem & Co.

National Bank Of Pakistan Standard Chartered Bank ( Pakistan) Ltd. Sumitomo Mitsui Banking Corporation London Bank AL-Falah Limited Pak China investment Company Limited 30th September, 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 27.09 29.45 12.38 21.34 16

Production Desc
Power Generation

Units
G.Wh.

Capacity
10,512

Actual Production
8,257

540

Tri-Star Power Ltd.

F/498, S.I.T.E. Karachi-75700

Management
Mr. Mohammad Ahmad Ismail(Chairman / C.E.O Bank Al-Habib Ltd. Mr. Rashid Ahmad(Director) Mr. Tahir Ahmad(Director) Mr. Habib Jamal(Director) Mrs. Farnaz Ahmad(Director) Mrs. Aliya Ahmad(Director) () Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 29th August , 2009 30th June , 2009 Citibank N.A. Habib Bank Ltd.

Banker

Auditor
M/s. Ghalib & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.23 2.84 .50 1.40

Production Desc
Power generation

Units

Capacity

Actual Production

541

Transport & Communication Sector

Transport And Communication Sector

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004 2005 2006 2007 2008 2009

76325.2 84396.8 86580.1 90471.1 92442.1 95822.6 44666.6 56696.4 51480.4 33185.0 -8628.1 2474.9 120991.8 141093.2 138060.5 123656.1 83814.0 98297.5 0.0 180.0 180.0 1520.0 180.0 180.0 14760.9 16553.0 15395.9 12715.4 16796.6 20726.4 34722.4 27667.5 52751.5 67269.8 96873.3 86425.0 49483.3 44400.5 68327.4 81505.2 113849.9 107331.4 170475.1 185493.7 206387.9 205161.3 197663.9 205628.9 52598.0 45484.3 54475.9 42531.8 20681.5 36698.3 10066.2 24802.8 17777.6 32245.6 54287.7 54204.3 17578.8 104.7 56.5 102422.4 99876.7 108736.7 80189.6 62030.7 94258.6 129672.9 106431.2 162586.0 22232.8 37846.0 14478.1 62146.1 55520.8 96299.3 -27591.6 -16546.4 -39782.7 57538.3 38268.7 19269.6 41468.5 8409.1 107415.9 112998.9 194504.1 -5583.0 117462.5 -55460.6 44360.8 26996.2 17364.6 58635.2 302.1 103298.1 177786.0 291635.9 -74487.9 163832.4 -133425.2 59194.4 16156.6 43037.8 70566.3 2021.7 131782.4 165390.1 272721.5 -33607.7 124281.2 -106195.7

213337.5 301464.1 360922.4 397263.3 450551.8 449461.4 148242.3 147647.7 191909.7 210744.2 272151.8 239236.7 13442.3 17223.7 17548.5 21330.2 26392.0 18694.0 250664.7 247524.4 300646.4 318160.1 375449.9 371019.1 159890.7 175385.9 173115.6 189668.8 207058.3 159877.6 175385.9 171446.4 187797.6 206093.3 13.1 0.0 1669.2 1871.2 965.0 92828.4 95220.8 109658.7 127060.6 152596.4 67062.3 80165.1 63456.9 62608.2 54461.9 113318.1 136098.3 151021.8 172209.7 242463.1 51136.6 45015.6 28224.2 26001.3 -27608.4 3254.6 3953.3 6591.8 10387.1 12787.6 47882.0 41062.3 21632.4 15614.2 -40396.0 16726.1 15111.6 11128.9 958.0 1297.6 25628.6 593.0 308.4 10437.3 791.4 57.2 29.7 220.9 89.8 239.0 38901.0 15018.6 5527.3 25357.7 33373.7 -10339.1 18969.6 52343.3 29.0 127.7 105.8 107.2 19.1 14.2 36.2 158.5 70.9 6.4 2.0 5.2 34.9 3.5 39.6 121.6 21.2 29.9 6.3 4.1 10.7 63.8 1.6 17.6 15.9 42581.4 32242.3 23.9 161.0 160.8 75.4 16.6 168.8 132.1 167.2 77.6 8.8 2.3 7.1 36.8 12.9 29.1 4376.2 0.4 23.4 4.9 3.1 12.3 70.9 -22.2 9.7 16.7 20894.2 10195.1 10699.1 27743.6 38442.7 33.1 115.4 115.3 117.8 7.2 48.8 72.2 159.5 87.2 23.4 3.8 6.8 51.4 14.4 15.7 3405.8 0.2 12.5 2.5 1.2 11.6 57.6 -49.0 -1.3 15.9 -1226.6 4218.9 -5445.5 -7497.4 -42485.0 34987.6 181041.7 172951.8 8089.9 135293.0 45748.7 172227.6 15786.5 11662.6 4123.9 4468.5 8460.9 181.9 7965.0 -8805.5 16770.5 9888.5 26659.0 52.2 79.7 78.5 277.4 1.1 -110.6 37.1 102.6 95.1 73.9 6.4 9.4 108.4 13.6 4.2 -4.1 8.6 2.3 0.4 0.0 8.4 48.8 -109.1 -12.6 10.3

25549.1 -16093.0 20103.6 18894.6 39.7 95.1 87.6 157.3 4.9 -344.0 127.1 136.7 90.8 39.9 5.5 8.8 6.1 11.3 12.6 140.4 8.4 8.2 1.7 1.6 11.0 59.6 -32.0 9.6 13.7 57.6 58.1 57.9 348.0 -10.8 566.7 -85.2 90.7 117.1 -46.3 6.2 7.8 -3.2 10.9 -48.2 -5268.3 0.9 -19.5 -4.4 -4.5 11.4 55.1 -358.8 9.2 9.1

544

Transport & Communication

Operating, Financial & Investment Ratios

400 350 300
%

250 200 150

100 50
0

2004

2005 Gearing ratio

2006 Debt equity ratio

2007 Current ratio

2008

2009

Callmate Telips Telocom Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

502.5 4.1 506.6 0.0 0.0 0.0 0.0 506.6 202.0 202.0 0.0 397.9 8.8 608.7 340.8 340.8 267.9 112.9 -138.8 363.4 238.8 29.8 847.5 1440.9 1440.9 0.0 1183.7 257.2 1353.2 125.3 10.7 114.6 7.2 0.0 0.0 107.4 137.2 0.0 178.6 176.0 67.3 13.5 0.0 0.0 100.8 93.9 8.5 0.7 9.5 6.3 11.4 22.6 0.0 8.0 2.3 2.1 19.3 170.0 10.1

2005
502.5 417.0 919.5 0.0 0.0 5.1 5.1 924.6 392.0 392.0 0.0 984.2 4.5 1380.7 1170.1 1175.2 210.6 43.6 -778.1 914.6 714.1 76.8 2094.8 3276.9 3276.9 0.0 2218.4 1058.5 2584.6 698.5 25.4 673.1 162.3 0.0 0.0 418.0 510.8 -92.8 587.6 494.8 0.6 118.0 117.6 127.8 32.1 122.2 118.8 183.0 78.9 3.6 0.8 58.3 24.1 21.6 73.2 0.0 20.5 13.4 10.2 32.2 156.4 482.6 127.4 18.3

2006
653.7 745.4 1399.1 0.0 0.0 3.5 3.5 1402.6 33.2 33.2 0.0 1484.2 4.5 1521.9 1876.9 1880.4 -355.0 680.5 -1843.7 2059.5 1757.6 101.5 3279.5 4536.9 3360.7 1176.2 3398.0 1138.9 3870.7 694.1 57.4 636.7 16.2 50.3 100.9 478.0 570.2 -92.2 671.7 579.5 0.2 81.1 80.8 134.4 19.4 119.3 115.9 214.0 85.3 8.3 1.3 8.4 2.5 21.9 45.5 1233.6 3.6 14.0 9.7 9.5 14.2 138.3 -27.6 38.5 21.4

2007
653.7 384.7 1038.4 0.0 0.0 110.0 110.0 1148.4 19.1 19.1 0.0 1889.9 5.2 1914.2 2316.3 2426.3 -402.1 1043.3 -2297.2 1991.3 1550.4 141.8 3464.6 3150.7 2187.3 963.4 2561.0 589.7 3664.7 -436.3 139.7 -576.0 15.0 0.0 0.0 -254.2 -591.0 336.8 -449.2 -112.4 9.6 82.6 82.4 233.7 -16.6 232.5 399.6 158.8 116.3 -32.0 4.4 13.4 -2.6 41.8 -55.5 0.0 0.0 -18.3 -8.8 -9.0 8.1 90.9 -190.7 -30.6 15.9

2008
653.7 384.7 1038.4 0.0 0.0 110.0 110.0 1148.4 19.1 19.1 0.0 1889.9 5.2 1914.2 2316.3 2426.3 -402.1 1043.3 -2297.2 1991.3 1550.4 141.8 3464.6 3150.7 2187.3 963.4 2561.0 589.7 3664.7 -436.3 139.7 -576.0 15.0 0.0 0.0 0.0 -591.0 591.0 -449.2 141.8 9.6 82.6 82.4 233.7 -16.6 0.0 -316.8 158.8 116.3 -32.0 4.4 13.4 -2.6 41.8 -55.5 0.0 0.0 -18.3 -8.8 -9.0 8.1 90.9 0.0 0.0 15.9

2009
653.7 384.7 1038.4 0.0 0.0 110.0 110.0 1148.4 19.1 19.1 0.0 1889.9 5.2 1914.2 2316.3 2426.3 -402.1 1043.3 -2297.2 1991.3 1550.4 141.8 3464.6 3150.7 2187.3 963.4 2561.0 589.7 3664.7 -436.3 139.7 -576.0 15.0 0.0 0.0 0.0 -591.0 591.0 -449.2 141.8 9.6 82.6 82.4 233.7 -16.6 0.0 -316.8 158.8 116.3 -32.0 4.4 13.4 -2.6 41.8 -55.5 0.0 0.0 -18.3 -8.8 -9.0 8.1 90.9 0.0 0.0 15.9

546

Eye Television Network Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

-

2005
350.0 -150.3 199.7 0.0 0.0 0.0 0.0 199.7 29.0 29.0 0.0 98.7 0.3 128.0 45.5 45.5 82.5 0.0 -16.5 128.6 117.2 11.5 245.2 21.0 21.0 0.0 95.0 -74.0 164.4 -142.0 0.2 -142.2 0.1 0.0 0.0 -142.3 -130.8 0.0 281.3 280.7 22.8 -58.0 0.0 0.0 57.1 782.9 1.0 81.4 -71.2 0.0 -677.1 -4.1 -4.1 0.0 8.6 -510.0 5.7

2006
500.0 -100.1 399.9 0.0 0.0 20.4 20.4 420.3 12.1 12.1 0.0 379.4 0.1 391.6 98.2 118.6 293.4 27.8 -86.1 154.3 126.9 20.4 518.5 520.0 520.0 0.0 439.5 80.5 530.1 -7.9 0.5 -8.4 1.6 0.0 0.0 220.6 -10.0 230.6 10.4 241.0 4.9 398.8 398.7 29.7 -1.6 -4.5 4.3 80.0 101.9 -6.3 0.1 1.8 -19.0 30.9 -2.1 0.0 0.0 -1.6 -0.2 -0.2 17.4 100.3 -95.1 2376.2 8.0

2007
500.0 -2.2 497.8 0.0 0.0 78.0 78.0 575.8 31.2 31.2 0.0 388.2 101.8 521.2 110.0 188.0 411.2 91.8 -78.8 218.1 164.7 26.1 685.9 1154.4 1154.4 0.0 863.7 290.7 1002.8 154.3 8.0 146.3 3.1 0.0 0.0 155.5 143.2 12.3 169.3 181.6 13.5 473.8 381.3 37.8 21.3 92.1 93.2 99.6 86.9 5.2 0.7 8.7 2.1 21.2 29.4 0.0 0.0 12.7 2.9 2.9 20.6 168.3 -1550.0 122.0 10.0

2008
500.0 224.1 724.1 0.0 0.0 52.8 52.8 776.9 64.0 64.0 0.0 775.2 0.8 840.0 240.4 293.2 599.6 91.4 -176.4 260.1 177.3 29.3 1017.3 1453.9 1453.9 0.0 864.6 589.3 1093.6 366.1 11.2 354.9 117.9 0.0 0.0 201.1 237.0 -35.9 266.3 230.4 6.8 349.4 349.1 40.5 34.9 117.9 115.6 144.8 75.2 3.1 0.8 12.3 33.2 32.5 49.0 0.0 0.0 24.4 7.1 4.7 17.8 142.9 144.8 25.9 14.5

2009
500.0 217.6 717.6 0.0 0.0 43.0 43.0 760.6 63.9 63.9 0.0 908.7 0.8 973.4 430.2 473.2 543.2 69.1 -366.3 329.7 217.4 29.8 1190.8 1116.9 1116.9 0.0 443.2 673.7 739.2 408.4 37.3 371.1 128.1 265.0 0.0 -16.3 -22.0 5.7 7.8 13.5 5.7 226.3 226.1 65.9 31.2 135.0 57.8 143.5 66.2 9.1 3.3 54.0 34.5 36.6 51.7 91.7 36.9 33.2 7.4 4.9 16.8 93.8 4.2 -23.2 14.4

547

Media Times Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

-

2005
-

2006
-

2007
-

2008
-

2009
1341.4 -56.5 1284.9 0.0 0.0 372.2 372.2 1657.1 84.2 9.2 75.0 538.2 95.4 717.8 392.5 764.7 325.3 646.6 -308.3 1522.6 1331.9 85.5 2049.7 504.4 504.4 0.0 324.8 179.6 511.9 14.4 38.1 -23.7 0.7 0.0 0.0 -24.4 61.1 22.5 182.9 158.6 59.5 -1.2 0.0 0.0 95.8 101.5 264.6 7.6 5.9 -3.0 37.6 -1.8 0.0 0.0 -4.7 -0.2 -0.2 7.4 24.6 -120.0 9.6

548

Netsol Technologies Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

-

2005
255.0 318.4 573.4 0.0 0.0 1.9 1.9 575.3 63.9 18.9 45.0 360.5 0.0 424.4 79.1 81.0 345.3 27.0 -15.2 281.3 230.0 23.0 654.4 433.5 433.5 0.0 153.0 280.5 231.0 205.3 4.0 201.3 0.8 0.0 29.7 200.5 223.5 0.3 536.5 536.5 14.1 30.8 0.0 0.0 224.9 53.3 1.9 0.9 14.8 0.4 30.2 35.1 0.0 46.4 7.9 7.9 11.8 66.2 690.0 22.5

2006
354.8 518.1 872.9 0.0 0.0 7.9 7.9 880.8 142.5 127.3 15.2 536.2 0.0 678.7 105.6 113.5 573.1 53.4 36.9 396.7 307.8 32.0 986.5 600.2 110.0 490.2 291.7 308.5 448.8 175.1 5.8 169.3 1.6 0.0 0.0 305.5 167.7 137.8 199.7 337.5 0.9 642.7 642.7 13.0 17.2 54.9 59.2 246.0 74.8 3.3 1.0 10.9 0.9 25.1 19.4 0.0 0.0 28.2 4.8 4.7 13.5 60.8 -39.2 38.5 24.6

2007
408.0 687.3 1095.3 0.0 0.0 13.0 13.0 1108.3 82.7 67.5 15.2 449.4 499.0 1031.1 286.9 299.9 744.2 150.3 -204.2 468.9 364.2 31.8 1395.3 1082.4 174.7 907.7 465.8 616.6 665.1 439.0 9.5 429.5 4.1 0.0 89.8 227.5 425.4 -197.9 457.2 259.3 1.2 359.4 185.5 27.4 30.8 187.0 176.3 268.5 61.4 2.2 0.9 6.3 1.0 29.5 39.2 0.0 0.0 39.7 10.5 10.4 10.3 77.6 118.8 80.3 26.8

2008
597.4 966.0 1563.4 0.0 0.0 18.1 18.1 1581.5 143.1 127.9 15.2 1361.1 0.0 1504.2 460.4 478.5 1043.8 232.9 -317.3 720.0 537.5 72.8 2041.7 1556.2 1556.2 0.0 613.5 942.7 898.6 790.8 14.3 776.5 6.9 59.7 239.0 473.2 709.9 -236.7 782.7 546.0 1.1 326.7 326.7 30.6 38.0 150.0 143.4 261.7 57.7 1.8 0.9 6.1 0.9 27.8 49.7 1289.1 3.8 49.9 13.0 12.9 20.0 76.2 23.8 43.8 26.2

2009
779.1 728.0 1507.1 0.0 0.0 111.7 111.7 1618.8 243.2 228.0 15.2 1220.7 0.0 1463.9 426.0 537.7 1037.9 337.8 -182.8 728.1 581.0 88.1 2044.9 1081.3 154.4 926.9 628.8 452.5 995.4 320.2 19.5 300.7 0.0 0.0 0.0 37.3 300.7 -263.4 388.8 125.4 6.9 343.6 343.6 35.7 14.7 806.2 310.0 193.4 92.1 6.1 1.8 5.8 0.0 57.7 20.0 0.0 0.0 27.8 3.9 3.9 16.4 52.9 -70.0 -30.5 19.3

549

Pak Datacom Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

71.3 118.3 189.6 0.0 0.0 0.0 0.0 189.6 92.4 92.4 0.0 105.1 0.0 197.5 176.7 176.7 20.8 0.0 -84.3 284.8 168.8 18.9 366.3 217.1 204.0 13.1 109.0 108.1 188.8 29.2 0.4 28.8 9.6 14.3 0.0 2.3 4.9 -2.6 23.8 21.2 0.0 111.8 111.8 93.2 7.9 213.0 112.3 265.9 87.0 1.4 0.2 33.3 22.9 15.2 134.3 7.5 13.3 4.0 2.7 11.7 59.3 48.1 18.7 26.6

2005
71.3 187.2 258.5 0.0 0.0 0.0 0.0 258.5 191.1 191.1 0.0 128.5 0.0 319.6 271.4 271.4 48.2 0.0 -80.3 339.6 210.3 24.4 529.9 417.5 417.5 0.0 184.8 232.7 307.5 119.0 0.5 118.5 36.8 14.3 0.0 68.9 67.4 1.5 91.8 93.3 0.0 117.8 117.8 105.0 22.4 97.8 98.4 362.6 73.7 0.4 0.1 31.1 13.1 45.8 571.3 5.5 28.4 16.6 11.5 14.5 78.8 315.0 92.3 36.3

2006
71.3 260.4 331.7 0.0 0.0 0.0 0.0 331.7 194.1 45.6 148.5 157.3 0.0 351.4 258.7 258.7 92.7 0.0 -64.6 395.2 239.0 28.1 590.4 513.8 511.0 2.8 241.0 272.8 364.4 164.3 0.3 164.0 48.8 0.0 0.0 73.2 115.2 -42.0 143.3 101.3 0.0 135.8 135.8 78.0 27.8 157.4 141.5 465.2 70.9 0.2 0.1 0.0 29.8 14.6 49.4 0.0 0.0 31.9 23.0 16.2 13.4 87.0 38.6 23.1 46.5

2007
78.4 323.4 401.8 0.0 0.0 0.0 0.0 401.8 193.2 63.5 129.7 197.3 0.0 390.5 275.1 275.1 115.4 0.0 -81.9 493.5 286.3 51.0 676.8 523.5 523.5 0.0 301.0 222.5 386.7 158.3 0.3 158.0 52.5 39.2 0.0 70.1 66.3 3.8 117.3 121.1 0.0 141.9 141.9 68.5 23.3 94.6 96.9 512.5 73.9 0.2 0.1 0.0 33.2 18.5 39.3 269.1 9.8 30.2 20.2 13.5 21.3 77.3 -12.2 1.9 51.3

2008
78.4 398.1 476.5 0.0 0.0 0.0 0.0 476.5 178.8 82.4 96.4 296.6 0.0 475.4 356.5 356.5 118.9 0.0 -177.7 614.9 357.6 70.0 833.0 690.5 688.9 1.6 420.8 269.7 547.3 175.5 0.3 175.2 43.0 31.4 0.0 74.7 100.8 -26.1 170.8 144.7 0.0 133.4 133.4 74.8 21.0 134.9 118.0 607.8 79.3 0.2 0.0 0.0 24.5 25.0 36.8 421.0 6.6 25.4 22.3 16.9 24.4 82.9 10.4 31.9 60.8

2009
78.4 512.9 591.3 0.0 0.0 0.0 0.0 591.3 361.3 127.3 234.0 234.6 0.0 595.9 409.9 409.9 186.0 0.0 -48.6 690.1 405.3 75.6 1001.2 1042.1 1042.1 0.0 814.5 227.6 814.5 249.5 0.6 248.9 88.7 54.9 0.0 114.8 105.3 9.5 180.9 190.4 0.0 145.4 145.4 69.3 24.9 91.7 95.0 754.2 78.2 0.2 0.1 0.0 35.6 9.7 42.1 291.8 9.3 23.9 31.7 20.4 21.1 104.1 42.2 50.9 75.4

550

Pakistan Int. Container Terminal Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

638.0 -40.8 597.2 0.0 0.0 962.6 962.6 1559.8 133.2 133.2 0.0 193.1 0.0 326.3 289.8 1252.4 36.5 1026.1 -156.6 1586.4 1523.3 51.3 1849.6 372.6 372.6 0.0 260.5 112.1 312.5 64.5 18.9 45.6 1.9 0.0 0.0 43.7 95.0 61.7 112.6 112.6 209.7 2.5 0.0 0.0 93.6 83.9 29.3 5.1 1.8 4.2 18.0 7.6 0.0 12.2 0.7 0.7 19.8 20.1 9.4

2005
758.0 194.9 952.9 180.0 0.0 910.8 1090.8 2043.7 521.5 521.5 0.0 275.3 0.0 796.8 422.4 1513.2 374.4 1040.9 99.1 1865.7 1669.4 134.7 2466.2 1342.7 1342.7 0.0 806.3 536.4 934.3 412.5 73.4 339.1 6.5 3.4 0.0 483.9 329.2 154.7 463.9 618.6 53.4 188.6 188.6 158.8 13.7 68.0 75.0 125.7 69.6 17.8 5.5 7.1 1.9 9.3 35.6 9782.4 0.4 25.3 4.5 4.4 8.1 54.4 542.9 260.4 12.6

2006
758.0 506.9 1264.9 180.0 0.0 1453.2 1633.2 2898.1 757.7 756.4 1.3 458.9 0.0 1216.6 702.6 2335.8 514.0 1624.8 55.1 2721.0 2384.0 141.9 3600.6 1707.8 1707.8 0.0 1067.1 640.7 1210.9 539.6 89.0 450.6 8.6 18.0 0.0 854.4 424.0 430.4 565.9 996.3 56.4 173.2 173.2 184.7 12.5 49.6 56.8 166.9 70.9 16.5 5.2 5.5 1.9 9.9 35.6 2455.6 1.4 26.4 5.9 5.8 8.5 47.4 31.1 27.2 16.7

2007
758.0 832.7 1590.7 180.0 0.0 1665.9 1845.9 3436.6 841.5 380.5 461.0 339.7 168.5 1349.7 917.8 2763.7 431.9 1893.7 -76.3 3552.1 3004.7 212.9 4354.4 2218.9 2218.9 0.0 1410.8 808.1 1586.5 699.6 179.5 520.1 10.9 0.0 0.0 538.5 509.2 29.3 722.1 751.4 53.7 147.1 128.7 173.7 11.9 94.6 96.1 209.9 71.5 25.7 8.1 9.5 2.1 6.2 32.7 0.0 0.0 23.4 6.9 6.7 8.9 51.0 16.9 29.9 21.0

2008
909.6 1215.8 2125.4 180.0 0.0 2041.1 2221.1 4346.5 1097.1 390.5 706.6 652.6 0.0 1749.7 1393.3 3614.4 356.4 2481.9 -296.2 4762.0 3990.3 240.3 5740.0 3194.5 3194.5 0.0 1868.9 1325.6 2340.7 941.3 200.4 740.9 141.3 290.9 0.0 909.9 308.7 601.2 549.0 1150.2 51.1 125.6 125.6 170.1 12.9 33.9 47.7 233.7 73.3 21.3 6.3 8.1 19.1 7.8 34.9 206.1 13.7 23.2 8.1 6.6 12.0 55.7 17.4 44.0 23.4

2009
909.6 1874.7 2784.3 180.0 0.0 2889.3 3069.3 5853.6 1052.0 491.2 560.8 914.4 0.0 1966.4 1869.2 4938.5 97.2 3420.9 -817.2 6801.5 5756.5 281.0 7722.9 4564.3 4564.3 0.0 2494.8 2069.5 3281.8 1383.6 209.0 1174.6 20.5 91.0 181.9 1507.1 1063.1 444.0 1344.1 1788.1 52.4 105.2 105.2 177.4 15.2 70.5 75.2 306.1 71.9 15.1 4.6 6.1 1.7 8.5 42.2 1268.2 3.3 25.7 12.9 12.7 7.0 59.1 59.3 42.9 30.6

551

Pakistan International Airlines Corporation

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

16529.9 -777.0 15752.9 0.0 14760.9 27756.9 42517.8 58270.7

2005

2006

2007

2008

2009

17980.7 19473.6 20878.1 21423.0 23280.4 -5071.8 -19433.6 -31913.1 -54865.9 -44145.2 12908.9 40.0 -11035.0 -33442.9 -20864.8 0.0 0.0 0.0 0.0 0.0 14003.9 13247.0 10723.7 12430.1 19597.4 24095.2 49403.9 63561.1 84496.1 78825.9 38099.1 62650.9 74284.8 96926.2 98423.3 51008.0 62690.9 63249.8 63483.3 77558.5 5329.7 789.6 4540.1 19216.7 0.0 24546.4 76073.3 172999.5 -51526.9 140031.6 -70743.6 5215.0 742.9 4472.1 21150.6 0.0 26365.6 82362.6 180785.9 -55997.0 111874.6 -77147.6

11613.6 3302.3 10409.5 6547.8 10838.9 2614.7 5459.9 1975.5 774.7 687.6 4949.6 4572.3 17458.5 18218.9 17419.8 13373.2 0.0 0.0 0.0 3251.9 29072.1 21521.2 27829.3 23172.9 20331.6 21777.0 44102.6 55420.3 62849.4 59876.1 106753.5 129705.1 8740.5 -255.8 -16273.3 -32247.4 47312.9 43744.5 86246.9 105300.9 -8718.0 -18474.7 -33693.1 -48872.5 77183.1 49530.1 4039.6 78602.2 57788.1 57788.1 0.0 49053.8 8734.3 56939.1 3036.4 2199.1 837.3 288.9 0.0 0.0 26953.9 548.4 26405.5 4588.0 30993.5 73.0 143.0 143.0 399.0 1.1 2.0 14.8 95.3 98.5 72.4 3.8 4.6 34.5 7.5 5.3 0.0 0.0 1.4 0.5 0.3 13.6 73.5 -84.4 20.5 9.5

79884.9 109508.0 130110.3 158440.6 162774.5 51263.9 78964.2 95497.2 115010.3 133555.6 4181.0 3449.6 5617.2 8015.1 3487.9 72785.1 106793.5 118670.1 139556.7 159921.2 64074.5 76435.2 70480.7 88863.3 94563.8 64074.5 76435.2 70480.7 88863.3 94563.8 0.0 0.0 0.0 0.0 0.0 58940.8 74723.3 66222.0 85275.8 78629.4 5133.7 1711.9 4258.7 3587.5 15934.4 67075.5 84928.9 77415.3 122330.3 99123.2 -1725.7 -7710.0 -5935.2 -31636.1 -4064.9 2787.4 5275.4 7135.8 8351.6 9243.8 -4513.1 -12985.4 -13071.0 -39987.7 -13308.7 320.4 382.7 352.4 0.0 472.8 575.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -7262.7 -5408.9 -1853.8 -1227.9 -3081.7 11682.9 558.9 233.5 14075.2 -13368.1 -13423.4 -39987.7 -13781.5 25051.0 13982.3 40221.2 27856.7 -9918.5 15132.5 -7806.2 -31972.6 -10293.6 6176.1 8248.6 17563.1 117.4 152.7 41.8 32.3 35.9 32.3 0.0 0.0 -11.0 -28.7 -2401.8 -17125.4 -126.4 -387.6 -52.9 -156.1 109.8 137.7 -120.2 -26.4 10.1 9.4 6.8 6.0 -2.7 0.0 7.1 6.5 0.0 0.0 0.0 0.0 -18.5 -6.3 -6.4 7.1 59.4 -6.0 -7.8 -5.3 0.0 0.0 -45.0 -18.7 -18.7 8.4 63.7 196.8 26.1 -15.6 126.9 32.0 32.0 0.0 -8.3 -97.9 -58.6 -89.6 104.8 -227.4 9.8 8.3 -3.6 8.4 0.0 0.0 0.0 -14.1 -5.7 -5.9 3.0 59.1 -69.5 6.4 -9.0

74.7 99.9 98.8 63.1 98.8 63.1 463.8 266883.8 -6.2 -12.2 -114.4 -65.5 71.8 0.2 104.7 111.1 -68.4 4.4 6.9 6.4 6.1 -2.9 8.2 8.0 -35.0 -32463.5 -840.0 4.5 -7.0 -2.5 -2.7 8.4 88.0 -600.0 10.9 7.2 0.0 0.0 -17.0 -6.7 -6.9 6.7 71.6 168.0 19.3 0.0

552

Pakistan National Shipping Corporation.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

1143.4 2974.7 4118.1 0.0 0.0 957.3 957.3 5075.4 5277.5 2234.6 3042.9 1782.8 0.0 7060.3 2379.9 3337.2 4680.4 1207.0 2897.6 516.0 395.0 21.0 7455.3 6963.1 6963.1 0.0 4571.3 2391.8 5213.6 1878.4 95.4 1783.0 97.1 114.3 57.2 1025.3 1571.6 -546.3 1592.6 1046.3 18.9 296.7 296.7 81.0 23.9 153.3 152.2 360.2 74.9 5.1 1.4 7.9 5.4 3.3 43.3 1475.0 2.8 25.6 15.6 14.7 5.3 93.4 188.9 28.8 36.0

2005
1200.6 9241.8 10442.4 0.0 0.0 725.5 725.5 11167.9 12690.0 1101.6 11588.4 1605.0 0.0 14295.0 3754.3 4479.8 10540.7 981.6 8935.7 731.4 627.2 44.5 14922.2 7951.0 7951.0 0.0 4995.1 2955.9 5773.8 2963.6 65.0 2898.6 55.3 0.0 0.0 6092.5 2843.3 3249.2 2887.8 6137.0 6.5 380.8 380.8 42.9 19.4 46.7 47.1 869.8 72.6 2.2 0.8 6.6 1.9 1.3 27.8 0.0 36.5 24.1 23.7 11.7 53.3 54.5 14.2 87.0

2006
1320.6 10123.6 11444.2 0.0 0.0 474.0 474.0 11918.2 5032.0 4327.1 704.9 1128.5 0.0 6160.5 1673.2 2147.2 4487.3 732.6 3358.8 8882.4 7430.9 1104.2 13591.4 7924.6 7924.6 0.0 6255.0 1669.6 6784.3 1466.8 75.6 1391.2 328.1 240.1 120.1 750.3 823.0 -72.7 1927.2 1854.5 4.0 368.2 368.2 18.8 10.2 109.7 103.9 866.6 85.6 5.2 1.0 10.3 23.6 2.6 12.2 442.8 2.1 17.6 10.5 8.1 16.0 58.3 -56.4 -0.3 86.7

2007
1320.6 12952.2 14272.8 0.0 0.0 215.6 215.6 14488.4 6948.5 907.9 6040.6 957.7 444.3 8350.5 1898.1 2113.7 6452.4 474.4 5050.4 8758.6 8036.1 1257.7 16386.6 9089.1 9089.1 0.0 6495.7 2593.4 7107.2 2925.4 77.4 2848.0 487.9 198.1 0.0

2008
1320.6 4848.5 6169.1 0.0 0.0 0.0 0.0 6169.1 9076.2 3394.4 5681.8 3527.4 0.0 12603.6 7443.6 7443.6 5160.0 245.6 1632.6 1102.6 1009.2 93.5 13612.8 10753.5 10753.5 0.0 7277.1 3476.4 7906.4 3662.1 175.0 3487.1 458.9 409.4 0.0

2009
1320.6 5449.8 6770.4 0.0 0.0 0.0 0.0 6770.4 9876.7 2217.7 7659.0 5774.1 0.0 15650.8 10029.5 10029.5 5621.3 0.0 -152.8 1260.0 1149.2 41.6 16800.0 3491.8 3491.8 0.0 1932.2 1559.6 2569.2 1746.7 48.4 1698.3 639.3 396.2 0.0 601.3 662.8 -61.5 704.4 642.9 0.0 156.0 156.0 148.1 10.1 110.2 109.6 512.7 73.6 2.8 1.4 0.0 37.6 10.6 25.1 267.3 5.9 48.6 12.9 8.0 4.1 20.8 -51.1 -67.5 51.3

2570.2 -8319.3 2162.0 2618.8 408.2 -10938.1 3419.7 3827.9 1.5 439.9 416.5 14.8 17.4 84.1 89.3 1080.8 78.2 2.6 0.9 16.3 17.1 6.1 20.0 1191.4 1.4 31.3 21.6 17.9 15.5 55.5 105.7 14.7 108.1 2712.3 -8225.8 0.0 169.3 169.3 120.7 25.6 -31.5 -33.0 467.1 73.5 4.8 1.6 71.3 13.2 2.2 56.5 739.7 6.6 32.4 26.4 22.9 10.7 79.0 22.2 18.3 46.7

553

Pakistan Telecommunication Company Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004 2005 2006 2007 2008 2009

51000.0 45068.9 96068.9 0.0 0.0 0.0 0.0 96068.9

51000.0 51000.0 51000.0 51000.0 51000.0 42072.8 55730.0 62051.5 56682.6 47225.7 93072.8 106730.0 113051.5 107682.6 98225.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4126.4 0.0 0.0 0.0 9100.9 4126.4 0.0 0.0 0.0 9100.9 97199.2 106730.0 113051.5 107682.6 107326.6 32138.7 28672.4 3466.3 9928.9 17467.0 59534.6 53456.6 57583.0 6078.0 10506.4 -21317.9 19190.7 12280.8 6909.9 29225.8 0.0 48416.5 24881.9 24881.9 23534.6 2956.8 -5691.2 29716.8 22598.8 7118.0 29432.3 0.0 59149.1 35139.6 35139.6 24009.5 0.0 -5422.8

40695.5 24978.3 38531.6 33283.7 21240.7 11906.4 7411.8 3737.6 26625.2 18214.1 27482.3 34465.0 3879.2 190.9 0.0 62788.8 52651.5 72996.6 41907.5 79975.7 54658.5 41907.5 89076.6 54658.5 20881.3 -27324.2 18338.1 2145.9 12908.3 0.0 -1212.0 -54997.4 -16126.9

205213.4 206006.1 223338.7 232722.1 263052.2 249336.7 91121.1 83195.4 89042.1 86801.4 134650.8 77730.8 13017.5 12169.1 11655.5 12345.6 16142.5 12565.7 150655.7 131611.9 148191.2 149590.2 187302.3 150727.4 87986.0 87986.0 0.0 33824.1 54161.9 44665.8 45347.3 764.5 44582.8 16245.4 25500.0 0.0 84913.5 84913.5 0.0 18734.5 66179.0 46769.0 41394.3 632.4 40761.9 14297.7 0.0 0.0 72684.4 72684.4 0.0 17370.1 55314.3 45287.0 31310.3 336.4 30973.9 10327.9 0.0 0.0 86252.0 86252.0 0.0 37277.8 48974.2 64129.3 27602.2 1880.0 25722.2 0.0 10200.0 0.0 80835.9 80835.9 0.0 39727.0 41108.9 84393.1 158.6 2661.3 -2502.7 461.0 0.0 0.0 59239.0 53039.5 6199.5 37732.3 21506.7 48484.6 14929.5 908.5 14021.0 3080.7 7650.0 0.0

5180.4 9530.8 6321.5 -5368.9 2837.4 26464.2 20646.0 15522.2 2343.0 -16933.4 -14324.5 -20891.1 15854.9 18197.9 4.2 111.4 78.7 61.9 29.6 54.8 87.1 182.5 50.8 1.7 0.9 7.3 36.4 0.7 47.9 111.1 27.4 50.7 8.7 5.6 14.2 58.4 19.2 11.6 18.2 38633.3 21699.9 0.0 194.6 194.6 23.3 31.0 277.7 178.0 209.3 55.1 1.5 0.7 21.4 35.1 18.3 38.2 0.0 48.0 8.0 5.2 14.7 64.5 -8.0 -3.5 20.9 32301.5 17977.0 0.0 168.3 168.3 31.1 20.9 326.6 179.7 221.7 62.3 1.1 0.5 0.0 33.3 22.1 27.4 0.0 0.0 42.6 6.1 4.0 14.0 49.0 -23.8 -14.4 22.2 27867.8 6976.7 0.0 149.8 140.6 38.9 17.2 -289.1 399.4 211.1 74.4 6.8 2.2 87.6 0.0 13.2 23.9 252.2 9.5 29.8 5.0 5.0 13.9 57.7 -18.0 18.7 21.1

-356.0 -11257.7 -2963.7 3290.3 2607.7 -14548.0 13178.8 15786.5 8.5 65.8 65.6 90.7 -1.3 832.5 83.5 192.6 104.4 1678.0 3.3 20.6 -18.4 15.6 -2.5 0.0 0.0 -3.1 -0.5 -0.6 13.9 43.2 -110.0 -6.3 19.3 15856.0 1308.0 0.0 133.6 133.6 56.9 9.3 -29.2 1212.2 188.4 81.8 6.1 1.5 0.0 22.0 18.2 14.6 143.0 8.0 23.7 2.7 2.1 15.2 39.3 -640.0 -26.7 18.8

554

Southern Networks Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

499.8 -14.9 484.9 0.0 0.0 48.7 48.7 533.6 14.2 14.2 0.0 85.0 0.0 99.2 100.0 148.7 -0.8 76.0 -85.8 618.0 534.4 5.0 633.6 17.2 17.2 0.0 9.1 8.1 22.5 -5.3 4.6 -9.9 0.1 0.0 0.0 -10.0 -5.0 9.1 99.2 99.2 30.7 -1.6 0.0 0.0 97.0 130.8 26.7 6.1 36.6 -2.0 0.0 -57.6 -0.2 -0.2 5.8 2.7 9.7

2005
499.8 -198.1 301.7 0.0 0.0 74.7 74.7 376.4 45.9 30.9 15.0 134.0 59.3 239.2 155.4 230.1 83.8 171.1 -109.5 336.6 292.5 35.6 531.7 235.7 235.7 0.0 194.3 41.4 320.5 -83.8 17.3 -101.1 1.1 0.0 0.0 -157.2 -102.2 -55.0 -66.6 -121.6 19.8 153.9 115.8 76.3 -19.0 60.4 136.0 7.3 10.1 16.0 -33.5 0.0 -42.9 -2.0 -2.0 8.5 44.3 900.0 1270.3 6.0

2006
499.8 -305.2 194.6 0.0 0.0 21.3 21.3 215.9 1.3 1.3 0.0 92.9 15.6 109.8 115.7 137.0 -5.9 79.9 -114.4 301.6 221.9 38.6 331.7 95.6 95.6 0.0 89.8 5.8 205.5 -98.8 13.9 -112.7 0.5 0.0 0.0 -160.5 -113.2 -47.3 -74.6 -121.9 9.9 94.9 81.4 70.4 -34.0 70.5 61.2 38.9 215.0 -14.1 14.5 17.4 -0.4 33.8 -57.9 0.0 0.0 -117.9 -2.3 -2.3 13.2 28.8 15.0 -59.4 3.9

2007
499.8 -461.0 38.8 0.0 0.0 15.2 15.2 54.0 1.9 1.9 0.0 37.9 5.9 45.7 181.1 196.3 -135.4 81.4 -179.2 301.1 189.3 32.8 235.0 50.1 50.1 0.0 50.1 0.0 164.1 -106.6 60.7 -167.3 0.3 0.0 0.0 -161.9 -167.6 5.7 -134.8 -129.1 28.1 25.2 22.0 505.9 -71.2 103.5 104.4 7.8 327.5 -56.9 121.2 74.6 -0.2 32.3 -431.2 0.0 0.0 -333.9 -3.3 -3.4 14.8 21.3 43.5 -47.6 0.8

2008
499.8 -536.8 -37.0 0.0 0.0 8.4 8.4 -28.6 1.0 1.0 0.0 24.7 4.0 29.7 221.1 229.5 -191.4 57.2 -220.1 302.7 162.8 28.1 192.5 55.4 55.4 0.0 76.3 -20.9 107.3 -50.1 30.5 -80.6 0.3 0.0 0.0 -82.6 -80.9 -1.7 -52.8 -54.5 0.0 13.4 11.6 0.0 -41.9 97.9 96.9 -7.4 193.7 -60.9 55.1 53.3 -0.4 12.5 0.0 0.0 0.0 -145.5 -1.6 -1.6 14.8 28.8 -51.5 10.6 -0.7

2009
499.8 -551.4 -51.6 0.0 0.0 27.0 27.0 -24.6 1.2 1.2 0.0 15.7 4.9 21.8 182.3 209.3 -160.5 46.1 -181.1 300.0 136.1 24.0 157.9 58.8 58.8 0.0 65.4 -6.6 91.5 -19.2 0.3 -19.5 0.0 0.0 0.0 4.0 -19.5 23.5 4.5 28.0 0.0 12.0 9.3 0.0 -12.3 -487.5 16.1 -10.3 155.6 -1.6 0.5 0.7 0.0 1.7 0.0 0.0 0.0 -33.2 -0.4 -0.4 15.1 37.2 -75.0 6.1 -1.0

555

TRG Pakistan Ltd

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

720.0 -94.7 625.3 0.0 0.0 0.7 0.7 626.0 966.1 8.4 957.7 16.1 0.0 982.2 358.5 359.2 623.7 350.8 607.6 2.8 2.4 0.5 984.6 17.7 17.7 0.0 8.9 8.8 66.2 -48.5 7.3 -55.8 0.0 0.0 0.0 -55.8 -55.3 0.1 274.0 274.0 57.4 -5.7 0.0 0.0 86.8 374.0 41.2 2.1 0.0 -8.9 0.0 -315.3 -0.8 -0.8 500.0 1.8 8.7

2005
2408.7 -94.0 2314.7 0.0 0.0 9.2 9.2 2323.9 2808.9 14.6 2794.3 41.0 0.0 2849.9 541.5 550.7 2308.4 514.7 2267.4 21.4 15.6 5.6 2865.5 5997.8 5997.8 0.0 4168.3 1829.5 6040.8 -6.0 73.0 -79.0 16.5 0.0 0.0 1697.9 -95.5 1793.4 -89.9 1703.5 0.4 526.3 526.3 23.8 -2.8 -5.6 -5.3 96.1 100.7 1.2 14.2 0.0 -3.4 0.0 -1.3 -0.3 -0.4 233.3 209.3 -62.5 33785.9 9.6

2006
2408.7 -232.2 2176.5 0.0 0.0 3.1 3.1 2179.6 3608.8 50.4 3558.4 42.0 0.0 3650.8 1481.4 1484.5 2169.4 1409.2 2127.4 23.3 10.3 7.3 3661.1 29.3 29.3 0.0 19.3 10.0 26.2 3.1 139.0 -135.9 0.0 0.0 0.0 -144.3 -135.9 -8.4 -128.6 -137.0 0.1 246.4 246.4 68.2 -3.7 94.2 93.9 90.4 89.4 4483.9 474.4 9.9 0.0 0.0 -6.2 0.0 0.0 -463.8 -0.6 -0.6 46.8 0.8 100.0 -99.5 9.0

2007
3853.9 -3154.5 699.4 1340.0 0.0 83.1 1423.1 2122.5 856.3 847.0 9.3 2024.0 4.9 2885.2 1515.2 2938.3 1370.0 818.6 -658.9 1491.6 752.5 276.7 3637.7 8722.7 8722.7 0.0 6157.3 2565.4 9173.3 -404.1 170.3 -574.4 20.7 0.0 0.0 -57.1 -595.1 538.0 -318.4 219.6 67.0 190.4 190.1 420.1 -15.8 1042.2 -145.0 18.1 105.2 -42.1 2.0 20.8 -3.6 14.0 -82.1 0.0 0.0 -6.6 -1.5 -1.5 34.0 239.8 150.0 29670.3 1.8

2008
3853.9 -2389.1 1464.8 0.0 0.0 0.0 0.0 1464.8 1476.9 2.2 1474.7 22.8 0.0 1499.7 35.6 35.6 1464.1 0.0 1441.3 23.2 0.8 2.3 1500.5 8841.5 8841.5 0.0 7949.3 892.2 11213.1 -1854.3 263.8 -2118.1 4.1 0.0 0.0 -657.7 -2122.2 1464.5 -2119.9 -655.4 0.0 4212.6 4212.6 2.4 -141.2 322.7 323.5 38.0 126.8 -14.2 3.0 0.0 -0.2 0.0 -144.6 0.0 0.0 -24.0 -5.5 -5.5 74.2 589.2 266.7 1.4 3.8

2009
3853.9 -1344.8 2509.1 0.0 0.0 0.6 0.6 2509.7 2536.1 3.6 2532.5 11.7 0.0 2547.8 40.0 40.6 2507.8 0.9 2496.1 24.4 1.8 0.5 2549.6 28.9 28.9 0.0 19.9 9.0 36.7 766.4 0.1 766.3 0.0 3.9 0.0 1044.9 762.4 282.5 762.9 1045.4 0.0 6369.5 6369.5 1.6 30.1 73.0 73.0 65.1 127.0 0.0 0.3 11.1 0.0 0.0 30.5 19648.7 0.2 2651.6 2.0 2.0 62.5 1.1 -136.4 -99.7 6.5

556

Telecard Ltd.
Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

1000.0 423.2 1423.2 0.0 0.0 460.1 460.1 1883.3 357.7 17.2 340.5 905.8 76.2 1339.7 1332.4 1792.5 7.3 868.8 -974.7 2375.1 1875.8 125.6 3215.5 2028.7 2028.7 0.0 1546.0 482.7 1824.3 233.5 60.8 172.7 13.9 0.0 0.0 901.2 158.8 742.4 284.4 1026.8 24.4 100.5 94.8 125.9 5.4 17.6 27.7 142.3 89.9 26.0 3.0 7.0 8.0 4.7 12.1 0.0 8.5 1.7 1.6 11.3 63.1 -56.4 78.6 14.2

2005
3000.0 -2663.6 336.4 0.0 2400.0 394.4 2794.4 3130.8 2909.9 2569.4 340.5 1112.1 22.8 4044.8 4999.9 7794.3 -955.1 3816.7 -2090.0 4816.8 4085.9 236.0 8130.7 2591.5 2591.5 0.0 1761.1 830.4 2207.8 543.7 111.7 432.0 187.8 0.0 0.0 1247.5 244.2 1003.3 480.2 1483.5 89.3 80.9 80.4 2317.0 5.3 19.6 32.4 11.2 85.2 20.5 4.3 2.9 43.5 3.5 128.4 0.0 16.7 1.4 0.8 12.6 31.9 -17.6 27.7 1.1

2006
3000.0 -2577.7 422.3 0.0 2099.0 169.8 2268.8 2691.1 2174.1 1833.6 340.5 1262.5 14.5 3451.1 5324.2 7593.0 -1873.1 3204.0 -3150.1 5757.5 4564.3 468.4 8015.4 3034.2 3034.2 0.0 2412.7 621.5 2923.1 326.1 419.4 -93.3 12.8 0.0 0.0 -439.7 -106.1 -333.6 362.3 28.7 84.3 64.8 64.5 1798.0 -1.2 24.1 1262.4 14.1 96.3 128.6 13.8 13.1 -13.7 5.5 -22.1 0.0 0.0 -3.1 -0.3 -0.4 11.4 37.9 -121.4 17.1 1.4

2007
3000.0 -2976.4 23.6 0.0 1648.8 656.3 2305.1 2328.7 130.2 130.2 0.0 1640.5 13.1 1783.8 4056.4 6361.5 -2272.6 2970.9 -3926.2 6417.1 4601.3 610.3 6385.1 2265.3 2265.3 0.0 2258.7 6.6 2824.5 -119.8 412.5 -532.3 10.7 0.0 0.0 -362.4 -543.0 180.6 67.3 247.9 99.0 44.0 43.7 26955.5 -8.3 149.8 27.1 0.8 124.7 -344.3 18.2 13.9 -2.0 9.0 -2255.5 0.0 0.0 -23.5 -1.8 -1.8 12.4 35.5 500.0 -25.3 0.1

2008
3000.0 -4847.5 -1847.5 0.0 1129.0 676.1 1805.1 -42.4 445.1 35.4 409.7 1531.7 10.2 1987.0 5854.2 7659.3 -3867.2 2742.5 -5409.1 6293.2 3824.8 664.5 5811.8 2848.9 2848.9 0.0 2801.1 47.8 3554.0 -230.9 478.3 -709.2 26.6 0.0 0.0 -2371.1 -735.8 -1635.3 -71.3 -1706.6 0.0 33.9 33.8 0.0 -12.2 31.0 4.2 -61.6 124.7 -207.1 16.8 17.4 -3.8 11.4 0.0 0.0 0.0 -24.9 -2.4 -2.5 15.6 49.0 33.3 25.8 -6.2

2009
3000.0 -3669.9 -669.9 0.0 1129.0 661.9 1790.9 1121.0 418.9 9.6 409.3 8.9 1733.3 2161.1 4219.4 6010.3 -2058.3 2700.6 -3800.5 6314.8 3179.3 686.6 5340.4 3791.5 3791.5 0.0 2610.1 1181.4 3272.6 588.9 494.1 94.8 0.0 0.0 0.0 1163.4 94.8 1068.6 781.4 1850.0 159.8 51.2 10.1 0.0 1.8 8.1 42.2 -22.3 86.3 83.9 13.0 18.3 0.0 8.9 0.0 0.0 0.0 2.5 0.3 0.3 18.0 71.0 -112.5 33.1 -2.2

557

Worldcall Telecom Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

-

2005
2750.0 -2426.5 323.5 0.0 0.0 750.8 750.8 1074.3 591.9 591.9 0.0 851.9 0.4 1444.2 2484.2 3235.0 -1040.0 910.5 -1892.3 2155.2 2114.3 39.1 3558.5 677.9 677.9 0.0 607.8 70.1 700.0 -7.1 24.7 -31.8 0.0 0.0 0.0 -31.8 7.3 69.9 58.1 58.1 1000.0 -0.9 0.0 0.0 11.8 103.3 3.6 2.7 44.3 -9.8 0.0 -4.7 -0.1 -0.1 19.9 19.1 -110.0 1.2

2006
6539.7 -76.7 6463.0 0.0 49.9 1194.3 1244.2 7707.2 2394.0 1452.8 941.2 1810.4 21.9 4226.3 3380.0 4624.2 846.3 2240.2 -986.0 7384.1 6860.7 501.1 11087.0 5033.8 5033.8 0.0 3351.2 1682.6 4442.1 1361.3 179.1 1182.2 0.0 0.0 0.0 6632.9 1182.2 5450.7 1683.3 7134.0 16.1 125.0 124.4 71.5 10.7 17.8 23.6 98.8 88.2 13.2 3.6 8.0 0.0 13.9 18.3 0.0 0.0 23.5 1.8 1.8 22.5 45.4 -1900.0 642.6 9.9

2007
7520.6 -170.7 7349.9 0.0 342.9 871.5 1214.4 8564.3 1190.3 560.6 629.7 1956.6 35.2 3182.1 4114.0 5328.4 -931.9 2491.2 -2923.7 10738.5 9496.2 726.3 12678.3 4678.9 4678.9 0.0 2996.7 1682.2 4090.2 1024.4 313.5 710.9 0.3 0.0 0.0 857.1 710.6 146.5 1436.9 1583.4 14.2 77.3 76.5 72.5 5.6 82.9 90.7 97.7 87.4 30.6 6.7 12.6 0.0 19.2 9.7 0.0 0.0 15.2 0.9 0.9 10.5 36.9 -50.0 -7.1 9.8

2008
8605.7 -1251.8 7353.9 0.0 3237.5 369.7 3607.2 10961.1 1551.4 849.0 702.4 1854.3 90.9 3496.6 3415.5 7022.7 81.1 3997.5 -1864.1 12989.0 10880.0 891.8 14376.6 4814.0 4814.0 0.0 3161.0 1653.0 4414.2 504.5 461.2 43.3 22.6 0.0 0.0 2396.8 20.7 2376.1 912.5 3288.6 32.9 102.4 99.7 95.5 0.3 0.9 27.7 85.5 91.7 91.4 9.6 11.5 52.2 18.7 0.6 0.0 0.0 0.9 0.1 0.0 9.5 33.5 -88.9 2.9 8.5

2009
8605.7 -1994.0 6611.7 0.0 0.0 3383.4 3383.4 9995.1 791.1 336.5 454.6 3433.9 182.1 4407.1 8053.4 11436.8 -3646.3 4141.2 -7262.3 17387.8 13641.6 1185.8 18048.7 8408.3 8408.3 0.0 7036.6 1371.7 8642.2 -100.4 523.0 -623.4 22.6 0.0 0.0 -966.0 -646.0 -320.0 539.8 219.8 33.9 54.7 52.5 173.0 -3.5 66.9 245.6 76.8 102.8 -520.9 6.2 12.6 -3.6 25.2 -9.4 0.0 0.0 -7.4 -0.7 -0.8 9.5 46.6 -800.0 74.7 7.7

558

Callmate Telips Telocom Ltd.

99-CF, 1/5, Clifton, Karachi-75600

Management
Mr. Ahmed Jamil Ansari(Chairman) Mr. Mohammad Ajmal Ansari(Chief Executive) Mr. Hassan Jamil Ansari(Director) Mr. Imran Mahmood(Director) Gen. (Retd.) Safdr Ali Khan(Director) Mr. Tariq M. Rangoonwala(Director) Mr. Nadeem Ahmad Khan(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th June , 2009 Allied Bank Ltd. Bank of Khyber MCB Bank Ltd.

Banker

Auditor
M/S Zahid Jamil & Co.

Standard Chartered Bank ( Pakistan) Ltd. National Bank of Pakistan. Habib Bank Ltd. Bank Al-Falah Ltd. Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 1.90 3.91 1.37 2.10

Production Desc
Calling cards & telecom facility Note: AGM for 2008 has not been till arranged.

Units

Capacity

Actual Production

Eye Television Network Ltd.

Hum TV. Plot No. 10/11, Hassan Ali Street, Off I.I. Chundrigar Road, Karachi-74000.

Management
Ms. Sultana Siddiqui(Chairperson) Mr. Duraid Qureshi(Chief Executive) Mrs. Mehtab Akbar Rashidi(Director) Mr. Munawar Alam Siddiqui(Director) Mr. Mazhar-ul-Haq Siddiqui(Director) Mrs. Khus Bhakt Shujat(Director) Mr. Muhammad Ayub Younus Adhi(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 53 Bank Alfalah Ltd. Faysal Bank Ltd. KASB Bank Ltd. JS Bank Ltd.

Banker

Auditor
M/s. Ford Rhodes Sidat Hyder & Co.

National Bank of Pakistan. Allied Bank Ltd. United Bank Ltd. Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 28.75 62.85 27.27 40.46 13

29th September, 2009 30th June , 2009

Production Desc
T.V. commercial production

Units

Capacity

Actual Production

559

Media Times Ltd.

41-N, Industrial Area, Gulberg-II, Lahore.

Management
Mr. Salmaan Taseer(Chairman / C.E.) Mrs. Aamna Taseer(Director) Mr. Shehryar Ali Taseer(Director) Mr. Shahbaz Ali Taseer(Director) Mr. Najam Aziz Sethi(Director) Mr. Maimanat Mohsin(Director) Mr. A.N.Rane(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Soneri Bank Ltd. Faysal Bank Ltd.

Banker

Auditor
M/s. Nasir Javed Maqsood Imran

The Royal Bank of Scotland Standard Chartered Bank ( Pakistan) Ltd. NIB Bank Ltd. Habib Metorpolitan Bank Ltd. Arif Habib Bank Ltd. 31st October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 47.75 61.00 9.97 35.49

Production Desc
Print,Electronic Media

Units

Capacity
-

Actual Production
-

Netsol Technologies Ltd.

Software Technology Park, Netsole Avenue, Main Ghazi Road, Lahore Cantt.

Management
Mr. Saleem Ullah Ghauri(Chairman / C.E.O.) Mr. Najeeb Ullah Ghauri(Director) Mr. Naeem Ullah Ghauri(Director) Mr. Irfan Mustafa(Director) Mr. Shahid Javed Burki(Director) Mr. Zahid Bashir Mirza(Director) Mr. Rehmat Ullah Ghauri(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 23rd October , 2009 30th June , 2009 Askari Bank Ltd.

Banker
First National Bank Modaraba IGI Investment Bank Ltd. Bank Al-Falah Ltd. JS Bank Ltd. United Bank Ltd.

Auditor
M/s.Kabani Saeed Kamran Patel & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 17.86 96.31 13.40 43.29

Production Desc
Telecommunication technologies

Units

Capacity
Indeterminable

Actual Production

560

Pak Datacom Ltd.

1st Floor, TF Complex, 7-Mauve Area, G-9 / 4, Islamabad.

Management
Mr. Gul Bahadar Yousafzai(Chairman) Syed Mahmood Ahmad(Chief Executive) Mr. Iftikhar Ahmed Raja(Director) Syed Gauhar Ali(Director) Sheikh Muhammad Afzal(Director) Mr. Amjad Hussain Qureshi(Director) Mr. Muhammad Arif(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 70 28th October , 2009 30th June , 2009 Habib Bank Ltd.

Banker
National Bank Of Pakistan United Bank Ltd. MCB Bank Ltd. The Royal Bank of Scotland Ltd. Bank Alfalah Ltd.

Auditor
M/s. Anjum Asim Shahid Rahman

Face Value Market Price as on 30/06/2009 Highest Price in 2009 Lowest Price in Average Price in Investment Yield% 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 69.50 79.55 41.20 53.95 13

Production Desc
Telecom data transmission

Units

Capacity

Actual Production

Pakistan Int. Container Terminal Ltd.

2nd Floor, Business Plaza, Mumtaz Hassan Road, Karachi.

Management
Cap. (R) Haleem A. Siddiqui(Chairman) Cap. (R) Zafar Iqbal Awan(Chief Executive) Mr. Aasim Azim Siddiqui(Director) Mr. Shahrique Azim Siddiqui(Director) Mr. M. Masood Ahmed Usmani, FCA(Director) Syed Nizam A. Shah(Director) Mr. Ali J. Siddiqui(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 10 Faysal Bank Ltd. JS Bank Ltd.

Banker
Samba Bank Limited

Auditor
M/s. Ford Rhodes Sidat Hyder & Co.

Standard Chartered Bank Ltd. United Bank Ltd. HSBC Bank Middle East Ltd. Albaraka Islamic Bank Ltd. 02nd October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in 2009 Lowest Price in Average Price in Investment Yield% 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 53.43 123.24 23.70 65.71

Production Desc
Shipping cantainer services

Units

Capacity

Actual Production

561

Pakistan International Airlines Corporation

PIA Building, Jinnah International Airport, Karachi.

Management
Ch. Ahmed Mukhtar(Chairman) Syed Naseer Ahmad(Director) Malik Nazir Ahmed(Director) Mr. Javed Akhtar(Director) Lt. Gen.(Retd.) Syed Athar Ali(Director) Prof. Mian Ijaz ul Hassan(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) United Bank Ltd. Bank Alfalah Ltd. Citibank N.A. MCB Bank Ltd.

Banker

Auditor
M/s. Anjum Asim Shahid Rahman & Co. M/s. M. Yousaf Adil Saleem & Co.

Capt. Mohammad Aijaz Haroon(Managing Direct Askari Commercial Bank Limited

National Bank Of Pakistan Pak Kuwait Investment Company (Pvt.) Ltd. 24th April , 2010 Face Value Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 2.61 5.10 2.26 3.18

31st December , 2009

Production Desc
Airline services

Units

Capacity

Actual Production

Pakistan National Shipping Corporation.

PNSC Building, Moulvi Tamizuddin Khan Road, Karachi

Management
Vice Admiral (Retd.) Sikandar V. Naqvi(Chairma Habib Bank Ltd. Mrs. Rukhsana Saleem(Director) Mr. Rasheed Y. Chinoy(Director) Mr. Khalid Idrees(Director) Capt. Syed Akhlaq Hussain Abidi(Director) Mr. Jahangir Siddqui(Director) Mr. Khowaja Obaid Imran Ilyas(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30

Banker
Allied Bank Of Pakistan Ltd. United Bank Ltd. Faysal Bank Ltd. Bank Al-Falah Ltd. Habib Metropolitan Bank Ltd. JS Bank Ltd. 22nd October , 2009 30th June , 2009 Face Value

Auditor
M/s. A. F. Ferguson & Co. M/s. Ford Rhodes Sidat Hyder & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 46.16 74.90 25.15 48.25 6

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Carrying Capicity of cotton bales Carrying Capicity of food grains Carrying Capicity of dead weight

Units
Cubic meters Cubic meters M.Tons

Capacity
232,229 244,086 570,466

Actual Production
Indeterminable Indeterminable Indeterminable

562

Pakistan Telecommunication Company Ltd.

PTCL Headquaters, Block-E, Sector G-8/4, Islamabad-44000.

Management
Mr. Walid Irshad(President / C.E.O.) Mr. Muhammad Nehmatullah Toor(Director) Syed Mazhar Hussain(Director) Mr. Farah Qamar(Director) Mr. Tariq Salman(Director) Mr. Sikandar Naqi(Director) Mr. Abdullah Yousef(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 15 Citibank N.A. Askari Bank Ltd. Faysal Bank Ltd. MCB Bank Ltd.

Banker

Auditor
Ford Rhodes Sidat Hyder & Co. M/s. A. F. Ferguson & Co.

National Bank Of Pakistan Standard Chartered Bank Ltd. The Royal Bank of Scotland Ltd. 31st October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 17.24 40.00 11.70 25.27 6

Production Desc
Actual lines installed (ALI)

Units
Numbers

Capacity
9,240,431

Actual Production
4,796,299

Southern Networks Ltd.

5-Y, Block-6, P.E.C.H.S., Karachi.

Management
Mr. Neville Metha(Chairman / C.E.O.) Mr. Nisar Ahmed(Director) Mr. Muhammad Younas(Director) Mr. Abdul Hameed(Director) Miss. Abida Iffat(Director) Mrs. Saeeda Hassan Ali Efffandi(Director) Mr. Maqbool Mughal(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 27th October , 2009 30th June , 2009 Bank Al Habib Ltd.

Banker
The Royal Bank of Scotland

Auditor
M/s. Jalis Ahmed & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.34 6.00 .73 1.87

Production Desc
T.V. commercial production

Units

Capacity

Actual Production

563

TRG Pakistan Ltd

7th Floor, Block-B, Finance & Trade Centre, Shahrah-e-Faisal, Karachi.

Management
Mr. Muhammad Ziaullah Khan Chishti(Chairman MCB Bank Ltd. Mr. Muhammad Ali Jameel(Director) Mr. John Leone(Director) Mr. Rafiq K. Dossani(Director) Mr. Ameer S Qureshi(Director) Mr. Saeed Iqbal(Director) Mr. Peter H.R. Riepenhausen(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) .1 01st December , 2009 30th June , 2009 Habib Bank Ltd.

Banker

Auditor
M/S A. F. Fergusan & Co.

National Bank of Pakistan. United Bank Ltd. Askari Commerial Bank Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.35 6.19 1.10 2.63 0

Production Desc
Telecom software development

Units

Capacity

Actual Production

Telecard Ltd.
3rd Floor, 75-East Blue Area, Fazal-e-Haq Road, Islamabad.

Management
Mr. Sultan-ul-Arfeen(Chairman) Mr. Shahid Firoz(Director) Dr. Peregrine Moncreiffe(Director) Mr. Aamir Niazi(Director) Syed Nizam Ahmed Shah(Director) Mr. Imran Malik(Director) Mr. Hissan-ul-Arfeen(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Faysal Bank Ltd. Habib Bank Ltd.

Banker

Auditor
M/S Ford Rhodes Sidat Hyder & Co.

National Bank of Pakistan. Standard Chartered Bank ( Pakistan) Ltd. Orix Investment Bank Ltd. Pak Oman Investment Co. (Pvt.) Ltd., Silk Bank Ltd. 31st October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 1.73 6.30 1.25 2.95

Production Desc
Calling cards & wireless services

Units

Capacity

Actual Production

564

Worldcall Telecom Ltd.

67-A, C/III, Gulberg-III, Lahore.

Management
Mr. Mehdi Mohammed Al Abduwani(Chairman) Mr. Babar Ali Syed(Chief Execuative) Mr. Asadullah Khawaja(Director) Mr. Bernhard Herinichen(Director) Mr. Mohammad Ahmad Ghamlocuch(Director) Mr. Salman Taseer(Director) Askari Bank Ltd. Allied Bank Ltd. Faysal Bank Ltd. Habib Bank Ltd. MCB Bank Ltd.

Banker

Auditor
KPMG Taseer Hadi & Co.

National Bank of Pakistan.

Mr. Samy Ahmed Abdulqadir Al Ghassany(Direc Soneri Bank Ltd. Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 25th February , 2010 31st December , 2009 Face Value Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 3.70 5.47 2.10 3.20

Production Desc
Calling cards & wireless services

Units

Capacity

Actual Production

565

Tobacco Sector

Tobacco Sector
Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

3086.1 2661.0 5747.1 0.0 0.0 3.7 3.7 5750.8 1717.0 412.8 1304.2 710.8 4555.8 6983.6 6274.5 6278.2 709.1 1005.8 -4557.5 8039.0 5041.7 572.4 12025.3 45144.9 45143.5 1.4 38425.9 6719.0 42148.3 3044.2 55.7 2988.5 628.2 897.2 0.0 818.3 1463.1 -644.8 2035.5 1390.7 0.1 111.3 38.7 109.2 24.9 178.8 146.4 186.2 93.4 1.8 0.1 5.5 21.0 0.1 52.0 263.1 15.6 6.6 9.7 7.6 12.8 375.4 51.6 17.6 18.6

2005
3086.1 4612.3 7698.4 0.0 0.0 1.9 1.9 7700.3 1464.9 1459.9 5.0 1386.0 4895.4 7746.3 5878.9 5880.8 1867.4 406.2 -4414.0 9573.9 5833.0 889.7 13579.3 54015.4 53994.5 20.9 45391.4 8624.0 49388.4 4718.9 54.7 4664.2 1498.3 1276.7 0.0 1949.5 1889.2 60.3 2778.9 2839.2 0.0 131.8 48.5 76.4 34.3 96.9 97.9 249.5 91.4 1.2 0.1 13.5 32.1 1.4 60.6 248.0 16.6 8.6 15.1 10.3 17.6 397.8 55.7 19.6 24.9

2006
3188.8 5828.3 9017.1 0.0 0.0 0.0 0.0 9017.1 1075.8 670.7 405.1 849.7 5812.8 7738.3 5677.1 5677.1 2061.2 1296.6 -4601.3 11442.5 6955.8 860.2 14694.1 56411.6 56407.9 3.7 46687.7 9723.9 51238.7 5311.2 61.8 5249.4 1705.3 2661.0 123.2 1316.8 883.1 433.7 1743.3 2177.0 0.0 136.3 33.9 63.0 35.7 67.1 80.1 282.8 90.8 1.2 0.1 4.8 32.5 0.2 58.2 133.2 29.5 9.3 16.5 11.1 14.7 383.9 9.3 4.4 28.3

2007
3188.8 6395.1 9583.9 0.0 0.0 0.0 0.0 9583.9

2008
3188.8 6423.2 9612.0 0.0 0.0 0.0 0.0 9612.0

2009
3182.8 7877.4 11060.2 0.0 0.0 0.0 0.0 11060.2

947.9 150.3 168.0 942.9 145.3 163.0 5.0 5.0 5.0 1059.7 1417.5 1247.2 6478.7 9420.6 11656.3 8486.3 10988.4 13071.5 6881.4 10316.3 11813.1 6881.4 10316.3 11813.1 1604.9 672.1 1258.4 1038.6 1343.1 1300.8 -5933.5 -10166.0 -11645.1 13257.0 7979.0 936.7 16465.3 63405.1 63401.4 3.7 52386.5 11018.6 57152.5 6439.9 69.6 6370.3 1948.3 1519.9 0.0 566.8 2902.1 -2335.3 3838.8 1503.5 0.0 123.3 29.2 71.8 38.7 512.0 255.3 300.5 90.1 1.1 0.1 6.7 30.6 0.1 66.5 290.9 15.9 10.0 20.0 13.9 13.5 385.1 21.2 12.4 30.1 14846.7 8939.8 994.2 19928.2 74164.2 74101.4 62.8 62549.3 11614.9 68607.8 5754.3 99.2 5655.1 1786.1 2999.8 0.0 28.1 869.2 -841.1 1863.4 1022.3 0.0 106.5 15.2 107.3 28.4 3093.2 182.3 301.4 92.5 1.7 0.1 7.4 31.6 0.1 58.8 129.0 31.2 7.6 17.7 12.1 12.5 372.2 -11.5 17.0 30.1 16875.5 9801.8 1139.8 22873.3 35184.3 35165.7 18.6 21978.1 13206.2 29325.8 6291.0 133.3 6157.7 2111.2 3312.2 0.0 1448.2 734.3 713.9 1874.1 2588.0 0.0 110.7 12.0 106.8 26.9 50.7 72.4 347.5 83.3 2.1 0.4 10.2 34.3 0.3 55.7 122.2 29.9 17.5 19.3 12.7 12.8 153.8 9.0 -52.6 34.7

568

Tobacco

Operating, Financial & Investment Ratios

150

100
%

50

2004

2005 Gearing ratio

2006 Debt equity ratio

2007 Current ratio

2008

2009

Khyber Tobacco Company Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

12.0 -72.0 -60.0 0.0 0.0 3.7 3.7 -56.3 0.0 0.0 0.0 12.4 9.6 22.0 82.3 86.0 -60.3 7.5 -82.3 37.9 4.0 0.1 26.0 5.7 5.7 0.0 4.5 1.2 5.4 1.0 0.0 1.0 0.3 0.0 0.0 -0.5 0.7 -1.2 0.8 -0.4 26.7 15.1 3.8 -500.0 94.7 0.0 0.0 0.0 30.0 0.0 17.5 0.8 0.6 2.5 21.9 14.3 16.3 -50.0

2005
12.0 -54.7 -42.7 0.0 0.0 1.9 1.9 -40.8 0.0 0.0 0.0 1.3 3.9 5.2 49.9 51.8 -44.7 5.5 -49.9 37.4 4.0 0.0 9.2 7.1 7.1 0.0 5.2 1.9 6.6 1.9 0.0 1.9 0.7 0.0 0.0 15.5 1.2 14.3 1.2 15.5 10.4 2.6 20.7 7.7 7.7 -355.8 93.0 0.0 0.0 0.0 36.8 0.0 26.8 1.6 1.0 0.0 77.2 100.0 24.6 -35.6

2006
12.0 -53.4 -41.4 0.0 0.0 0.0 0.0 -41.4 0.1 0.1 0.0 1.0 0.0 1.1 46.5 46.5 -45.4 3.4 -46.4 37.9 4.0 0.0 5.1 11.5 11.5 0.0 7.8 3.7 10.6 2.8 0.0 2.8 1.0 0.0 0.0 -0.6 1.8 -2.4 1.8 -0.6 0.0 2.4 2.4 0.0 54.9 -300.0 -300.0 -345.0 92.2 0.0 0.0 0.0 35.7 0.0 0.0 0.0 0.0 24.3 2.3 1.5 0.0 225.5 43.8 62.0 -34.5

2007
12.0 -43.5 -31.5 0.0 0.0 0.0 0.0 -31.5 0.1 0.1 0.0 1.2 4.4 5.7 41.2 41.2 -35.5 0.0 -41.1 37.9 3.9 0.0 9.6 25.7 25.7 0.0 17.6 8.1 20.5 19.7 0.0 19.7 1.1 0.0 0.0 9.9 18.6 -8.7 18.6 9.9 0.0 13.8 3.2 0.0 205.2 187.9 187.9 -262.5 79.8 0.0 0.0 0.0 5.6 0.0 0.0 0.0 0.0 76.7 16.4 15.5 0.0 267.7 613.0 123.5 -26.3

2008
12.0 -37.7 -25.7 0.0 0.0 0.0 0.0 -25.7 3.1 3.1 0.0 2.8 25.5 31.4 61.0 61.0 -29.6 0.0 -57.9 37.9 3.9 0.0 35.3 69.9 42.8 27.1 61.2 8.7 63.8 7.3 0.1 7.2 1.5 1.8 0.0 5.8 3.9 1.9 3.9 5.8 0.0 51.5 9.7 0.0 20.4 67.2 67.2 -214.2 91.3 1.4 0.1 0.0 20.8 0.0 0.0 316.7 0.0 10.3 6.0 4.8 0.0 198.0 -63.4 172.0 -21.4

2009
12.0 -32.0 -20.0 0.0 0.0 0.0 0.0 -20.0 5.6 5.6 0.0 33.5 10.7 49.8 73.7 73.7 -23.9 0.0 -68.1 37.9 3.9 0.0 53.7 117.1 98.5 18.6 104.7 12.4 107.9 9.3 0.1 9.2 2.9 0.0 0.0 5.7 6.3 -0.6 6.3 5.7 0.0 67.6 53.1 0.0 17.1 110.5 110.5 -166.7 92.1 1.1 0.1 0.0 31.5 20.2 0.0 0.0 0.0 7.9 7.7 5.3 0.0 218.1 28.3 67.5 -16.7

570

Lakson Tobacco Company Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

513.2 2021.5 2534.7 0.0 0.0 0.0 0.0 2534.7 1672.6 373.4 1299.2 346.2 1466.2 3485.0 2417.3 2417.3 1067.7 0.0 -744.7 2491.9 1466.9 181.6 4951.9 19624.1 19624.1 0.0 16394.2 3229.9 17707.9 1948.2 19.2 1929.0 613.4 641.5 0.0 484.7 674.1 -189.4 855.7 666.3 0.0 144.2 83.5 95.4 39.0 139.1 128.4 493.9 90.2 1.0 0.1 31.8 0.1 76.1 205.1 25.3 9.8 37.6 25.6 17.3 396.3 23.7 24.6 49.4

2005
513.2 3566.3 4079.5 0.0 0.0 0.0 0.0 4079.5 1401.7 1401.7 0.0 1047.9 1104.2 3553.8 1488.3 1488.3 2065.5 0.0 -86.6 3511.6 2014.0 461.4 5567.8 23320.6 23320.6 0.0 19240.4 4080.2 20795.3 2581.0 9.1 2571.9 862.0 638.0 0.0 1544.8 1071.9 472.9 1533.3 2006.2 0.0 238.8 164.6 36.5 46.2 69.4 76.4 794.9 89.2 0.4 0.0 33.5 3.3 63.0 268.0 15.6 11.0 50.1 33.3 31.5 418.8 33.2 18.8 79.5

2006
615.8 4278.0 4893.8 0.0 0.0 0.0 0.0 4893.8 1007.4 607.3 400.1 495.2 2009.1 3511.7 1024.7 1024.7 2487.0 0.0 -17.3 4257.5 2406.9 376.9 5918.6 20619.7 20619.7 0.0 16443.2 4176.5 18297.2 2390.8 10.7 2380.1 822.0 769.8 123.2 814.3 788.3 26.0 1165.2 1191.2 0.0 342.7 146.6 20.9 40.2 96.8 97.8 794.7 88.7 0.4 0.1 0.0 34.5 0.5 48.6 202.4 15.7 11.5 38.7 25.3 18.7 348.4 -22.8 -11.6 79.5

2007
615.8 4951.2 5567.0 0.0 0.0 0.0 0.0 5567.0 775.8 775.8 0.0 549.1 2463.2 3788.1 1026.2 1026.2 2761.9 0.0 -250.4 4989.6 2805.1 397.6 6593.2 22425.3 22425.3 0.0 17934.8 4490.5 19844.9 2650.4 19.1 2631.3 780.0 523.4 0.0 673.2 1327.9 -654.7 1725.5 1070.8 0.0 369.1 129.1 18.4 39.9 197.3 161.1 904.0 88.5 0.7 0.1 0.0 29.6 0.4 47.3 353.7 9.4 11.7 42.7 30.1 16.5 340.1 10.3 8.8 90.4

2008
615.8 5378.2 5994.0 0.0 0.0 0.0 0.0 5994.0 46.7 46.7 0.0 743.7 5327.1 6117.5 3445.9 3445.9 2671.6 770.7 -3399.2 5669.1 3322.3 398.3 9439.8 24937.9 24937.9 0.0 20621.5 4316.4 23223.4 1790.9 45.6 1745.3 537.1 554.2 0.0 427.0 654.0 -227.0 1052.3 825.3 0.0 177.5 22.9 57.5 18.5 153.2 127.5 973.4 93.1 2.5 0.2 5.9 30.8 0.1 29.1 218.0 9.2 7.0 28.3 19.6 14.2 264.2 -33.7 11.2 97.3

2009
615.8 6204.1 6819.9 0.0 0.0 0.0 0.0 6819.9 109.6 109.6 0.0 757.2 5880.2 6747.0 3772.8 3772.8 2974.2 0.0 -3663.2 6913.2 3845.7 483.1 10592.7 13400.7 13400.7 0.0 8431.3 4969.4 11914.3 1589.5 89.3 1500.2 505.0 246.3 0.0 825.9 748.9 77.0 1232.0 1309.0 0.0 178.8 23.0 55.3 14.2 90.7 94.1 1107.5 88.9 5.6 0.7 0.0 33.7 0.5 22.0 404.1 3.6 11.2 24.4 16.2 14.5 126.5 -13.8 -46.3 110.7

571

Pakistan Tobacco Company Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

2554.9 710.4 3265.3 0.0 0.0 0.0 0.0 3265.3 44.2 39.2 5.0 342.1 3074.1 3460.4 3759.5 3759.5 -299.1 996.6 -3715.3 5477.7 3564.4 390.2 7024.8 25452.6 25452.6 0.0 21970.0 3482.6 24374.6 1092.6 36.5 1056.1 14.0 255.5 0.0 336.6 786.6 -450.0 1176.8 726.8 0.0 92.0 10.3 115.1 15.0 233.7 161.9 127.8 95.8 3.3 0.1 3.7 1.3 0.0 32.3 407.9 7.8 4.1 4.1 4.1 11.4 362.3 70.8 12.8 12.8

2005
2554.9 1084.5 3639.4 0.0 0.0 0.0 0.0 3639.4 62.6 57.6 5.0 326.7 3780.9 4170.2 4329.1 4329.1 -158.9 400.7 -4266.5 5985.8 3798.2 426.9 7968.4 30615.1 30615.1 0.0 26085.5 4529.6 28522.1 2127.4 45.4 2082.0 633.8 638.7 0.0 374.1 809.5 -435.4 1236.4 801.0 0.0 96.3 9.0 119.0 26.1 216.4 154.4 142.4 93.2 2.1 0.1 11.3 30.4 0.0 57.2 226.7 17.5 6.8 8.1 5.7 12.0 384.2 97.6 20.3 14.2

2006
2554.9 1584.2 4139.1 0.0 0.0 0.0 0.0 4139.1 67.9 62.9 5.0 346.3 3790.9 4205.1 4595.2 4595.2 -390.1 1293.1 -4527.3 7108.4 4529.4 482.2 8734.5 35715.5 35715.5 0.0 30181.9 5533.6 32871.8 2911.8 51.1 2860.7 880.3 1890.7 0.0 499.7 89.7 410.0 571.9 981.9 0.0 91.5 9.0 111.0 32.8 18.0 58.2 162.0 92.0 1.8 0.1 4.0 30.8 0.0 69.1 104.7 45.7 8.0 11.2 7.8 12.7 408.9 38.3 16.7 16.2

2007
2554.9 1467.9 4022.8 0.0 0.0 0.0 0.0 4022.8 171.7 166.7 5.0 502.1 3998.2 4672.0 5803.4 5803.4 -1131.4 1038.6 -5631.7 8190.9 5154.3 537.9 9826.3 40889.3 40889.3 0.0 34379.3 6510.0 37228.0 3763.9 50.3 3713.6 1165.1 996.4 0.0 -116.3 1552.1 -1668.4 2090.0 421.6 0.0 80.5 11.6 144.3 37.8 -1334.6 495.7 157.5 91.0 1.3 0.1 4.8 31.4 0.0 92.3 255.8 24.8 9.1 14.5 10.0 11.9 416.1 29.5 14.5 15.7

2008
2554.9 1053.4 3608.3 0.0 0.0 0.0 0.0 3608.3 74.2 69.2 5.0 662.0 4059.1 4795.3 6786.7 6786.7 -1991.4 572.4 -6712.5 9100.7 5599.8 594.8 10395.1 49053.9 49053.9 0.0 41777.2 7276.7 45227.1 3947.0 53.3 3893.7 1246.2 2443.8 0.0 -414.5 203.7 -618.2 798.5 180.3 0.0 70.7 10.8 188.1 37.5 -49.1 442.9 141.2 92.2 1.4 0.1 9.3 32.0 0.0 107.9 108.3 67.7 7.9 15.2 10.4 11.5 471.9 4.8 20.0 14.1

2009
2554.9 1705.3 4260.2 0.0 0.0 0.0 0.0 4260.2 52.9 47.9 5.0 456.5 5765.4 6274.8 7966.6 7966.6 -1691.8 1300.8 -7913.7 9924.4 5952.1 656.8 12226.9 21666.5 21666.5 0.0 13442.1 8224.4 17303.6 4692.2 43.8 4648.4 1603.3 3065.9 0.0 651.9 -20.8 672.7 636.0 1308.7 0.0 78.8 6.4 187.0 38.0 -3.2 48.6 166.7 79.9 0.9 0.2 3.4 34.5 0.0 109.1 99.3 72.0 21.5 18.2 11.9 11.7 177.2 19.7 -55.8 16.7

572

Khyber Tobacco Company Ltd.

Nowshera Malakand Road, P.O.Box No.12, Mardan, Khyber Pakhtoonkhua

Management
Mr. Wali-ur-Rehman(M.D. / C.E.O.) Mr. Wasim-ur-Rehman(Director) Mr. Mohammad Sial(Director) Mr. Sajjad Khan(Director) Mr. Sami-ur-Rehman(Director) Mr. Muhammad Faridoon Rehman(Director) Mr. Fazl-e-Mabood(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 MCB Bank Ltd.

Banker
National Bank Of Pakistan

Auditor
M/s. Tariq Ayub Anwar & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 19.00 27.17 17.84 22.51

Production Desc
Cigarettes

Units
Number (Million)

Capacity
4,422

Actual Production
130.40

Lakson Tobacco Company Ltd.

Bahria Complex-III, 4th Floor, M.T.Khan Road, Karachi.

Management
Mr. Salman Hameed(Chairman / C.E.O.) Mr. Eunice Hamilton(Director) Mr. Mohammad Farooq Shakoror(Director) Mr. joseph mitchell Gault(Director) Mr. Matteo Lorenzo Pellegrini(Director) Mr. Douglas Walter Werth(Director) Mr. Asmer Naim(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 40 Citi Bank N. A. Habib Bank Ltd. MCB Bank Ltd. Deutsche Bank AG

Banker

Auditor
M/s. A.F.Ferguson & Co.

The Hong Kong & Shanghai Banking Corporation Ltd RBS Bank Ltd. Braclays PLC, Pakistan 31st March , 2010 Face Value Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 266.76 347.70 142.60 207.45 3

31st December , 2009

Production Desc
Cigarettes

Units
Numbers (Million)

Capacity
54,390

Actual Production
29,672

573

Pakistan Tobacco Company Ltd.

Silver Square, Plot No.15, F-11 Markaz, P.O.Box No. 2549, Islamabad.

Management
Mr. Mueen Afzal Hi(Chairman) Mr. Nicholas Stewart Hales(M.D. / C.E.O.) Lt. Gen. (Retd.) Ali Kuli Khan Khattak(Director) Mr. Abid Niaz Hasan(Director) Mr. Istaqbal Mehdi(Director) Mr. Kunwar Idris(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 120 MCB Bank Ltd.

Banker
National Bank Of Pakistan Habib Bank Limited Deutsch Bank Braclays Bank Ltd. Standard Chartered Bank ( Pakistan) Ltd. 20th April , 2010 Face Value

Auditor
M/s. A. F. Ferguson & Co.

Mr. Chirstopher Edward John Gooddy(Director) Citi Bank N. A.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 105.00 117.00 52.95 79.20 15

31st December , 2009

Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Cigarettes

Units
in Million

Capacity
48,111

Actual Production
41,973

574

Jute Sector

Jute Sector
Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

437.9 349.1 787.0 0.0 0.0 27.1 27.1 814.1 234.5 16.7 217.8 685.5 1020.9 1940.9 1718.4 1745.5 222.5 722.8 -1483.9 1237.0 591.8 54.9 2532.7 3594.7 3274.1 320.6 3044.7 550.0 3236.0 532.5 86.5 446.0 132.4 88.8 0.0 110.1 224.8 -114.7 279.7 165.0 3.3 112.9 53.5 221.8 17.6 204.2 169.5 179.7 90.0 16.2 2.4 12.0 29.7 7.6 56.7 353.2 11.3 12.4 10.2 7.2 8.4 141.9 29.1 14.8 18.0

2005
437.9 993.2 1431.1 0.0 6.4 119.4 125.8 1556.9 400.6 155.2 245.4 816.3 1121.0 2337.9 1567.0 1692.8 770.9 754.8 -1166.4 1454.7 786.0 49.6 3123.9 4880.5 4479.5 401.0 4169.7 710.8 4422.6 621.3 79.1 542.2 195.3 88.8 0.0 742.8 258.1 484.7 307.7 792.4 8.1 149.2 77.7 118.3 17.4 34.7 38.8 326.8 90.6 12.7 1.6 10.5 36.0 9.5 37.9 390.7 6.2 11.1 12.4 7.9 8.6 156.2 21.6 35.8 32.7

2006
437.9 2165.0 2602.9 0.0 46.4 22.1 68.5 2671.4 756.9 207.6 549.3 1147.4 1861.0 3765.3 1975.2 2043.7 1790.1 785.5 -1218.3 1779.2 881.2 82.0 4646.5 6762.7 6250.9 511.8 5594.7 1168.0 5992.6 985.8 97.4 888.4 304.4 1.9 13.9 1114.5 582.1 532.4 664.1 1196.5 2.6 190.6 96.4 78.5 19.1 52.2 55.5 594.4 88.6 9.9 1.4 12.4 34.3 10.0 34.1 30736.8 0.1 13.1 20.3 13.3 9.5 145.5 63.7 38.6 59.4

2007
485.4 2838.4 3323.8 0.0 6.4 54.5 60.9 3384.7 1629.6 889.9 739.7 942.0 1674.1 4245.7 1712.9 1773.8 2532.8 617.2 -83.3 1817.3 852.0 93.4 5097.7 7760.5 7205.2 555.3 6486.0 1274.5 6955.6 1300.5 110.7 1189.8 345.2 82.0 35.1 713.3 762.6 -49.3 856.0 806.7 1.8 247.9 150.1 53.4 23.3 106.9 106.1 684.8 89.6 8.5 1.4 17.9 29.0 6.9 35.8 1030.0 2.5 15.3 24.5 17.4 10.6 152.2 20.7 14.8 68.5

2008
607.6 4288.3 4895.9 0.0 0.0 414.1 414.1 5310.0 2120.5 94.0 2026.5 1601.9 2310.6 6033.0 2612.7 3026.8 3420.3 1651.7 -492.2 2327.0 1889.7 93.5 7922.7 10993.0 10339.0 654.0 9521.4 1471.6 10293.1 1183.8 114.9 1068.9 6.5 0.0 60.9 1925.3 1062.4 862.9 1155.9 2018.8 7.8 230.9 142.5 61.8 13.5 55.2 57.3 805.8 93.6 9.7 1.0 7.0 0.6 7.1 21.8 0.0 0.0 9.7 17.6 17.5 11.1 138.8 -28.2 41.7 80.6

2009
523.8 5048.8 5572.6 0.0 0.0 328.0 328.0 5900.6 2790.0 549.7 2240.3 1028.1 2112.1 5930.2 1804.2 2132.2 4126.0 947.1 985.8 2874.3 1774.6 138.8 7704.8 9607.7 9114.3 493.4 8003.3 1604.4 8518.9 1258.2 265.5 992.7 302.8 42.6 42.6 590.6 647.3 -56.7 786.1 729.4 5.6 328.7 211.6 38.3 12.9 109.6 107.8 1063.9 88.7 21.1 2.8 28.0 30.5 4.1 17.8 1619.5 0.8 10.3 19.0 13.2 7.8 124.7 8.0 -12.6 106.4

577

Jute

Operating, Financial & Investment Ratios

350 300 250
%

200
150 100 50 0

2004

2005 Gearing ratio

2006 Debt equity ratio

2007 Current ratio

2008

2009

Crescent Jute Products Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

150.6 -556.2 -405.6 0.0 0.0 0.9 0.9 -404.7 54.4 5.2 49.2 99.5 144.5 298.4 818.1 819.0 -519.7 448.1 -763.7 232.3 115.1 9.8 413.5 302.5 291.0 11.5 290.9 11.6 323.1 19.5 65.8 -46.3 1.5 0.0 0.0 -47.7 -47.8 0.1 -38.0 -37.9 36.5 18.8 -11.2 -269.3 106.8 337.4 21.8 14.7 20.2 -15.3 -3.1 -3.2 7.9 73.2 933.3 51.2 -26.9

2005
150.6 -245.5 -94.9 0.0 0.0 95.1 95.1 0.2 51.3 10.8 40.5 120.6 147.2 319.1 593.0 688.1 -273.9 388.0 -541.7 390.6 274.1 8.4 593.2 471.2 358.2 113.0 455.0 16.2 512.2 43.1 48.1 -5.0 2.4 0.0 0.0 404.9 -7.4 412.3 1.0 413.3 47550.0 53.8 29.0 -0.8 -1.8 0.2 -63.0 108.7 111.6 10.2 12.4 12.5 -1.1 -0.3 -0.5 7.3 79.4 -90.3 55.8 -6.3

2006
150.6 -305.8 -155.2 0.0 40.0 0.0 40.0 -115.2 37.8 4.5 33.3 92.5 126.5 256.8 631.6 671.6 -374.8 342.8 -593.8 393.5 259.5 17.9 516.3 444.0 337.0 107.0 433.9 10.1 498.8 1.4 53.4 -52.0 2.6 0.0 0.0 -115.4 -54.6 -60.8 -36.7 -97.5 0.0 40.7 20.6 0.0 -10.1 47.3 37.6 -103.1 112.3 3814.3 12.0 15.6 -5.0 8.4 0.0 0.0 0.0 -11.7 -3.5 -3.6 6.5 86.0 1066.7 -5.8 -10.3

2007
150.6 -195.5 -44.9 0.0 0.0 40.0 40.0 -4.9 80.0 7.6 72.4 59.5 68.9 208.4 416.4 456.4 -208.0 170.0 -336.4 355.1 203.2 17.9 411.6 461.6 404.9 56.7 478.9 -17.3 554.4 204.0 43.1 160.9 3.1 0.0 0.0 110.3 157.8 -47.5 175.7 128.2 0.0 50.0 33.5 0.0 39.1 143.1 137.1 -29.8 120.1 21.1 9.3 25.4 1.9 1.8 0.0 0.0 0.0 34.9 10.7 10.5 6.9 112.1 -405.7 4.0 -3.0

2008
237.6 76.4 314.0 0.0 0.0 17.5 17.5 331.5 7.3 3.0 4.3 144.8 158.2 310.3 491.9 509.4 -181.6 209.2 -484.6 685.3 513.2 22.2 823.5 711.1 634.9 76.2 656.6 54.5 739.5 41.1 17.6 23.5 4.1 0.0 0.0 336.4 19.4 317.0 41.6 358.6 5.3 63.1 30.9 162.2 2.9 5.8 11.6 132.2 104.0 42.8 2.5 8.4 17.4 11.9 7.5 0.0 0.0 3.3 1.0 0.8 11.0 86.4 -90.7 54.1 13.2

2009
237.6 89.1 326.7 0.0 0.0 72.7 72.7 399.4 26.9 25.2 1.7 74.9 143.1 244.9 334.2 406.9 -89.3 264.4 -307.3 684.7 488.5 26.3 733.4 999.8 966.6 33.2 871.7 128.1 966.7 35.6 30.8 4.8 0.3 0.0 0.0 67.9 4.5 63.4 30.8 94.2 18.2 73.3 30.5 124.5 0.7 6.6 32.7 137.5 96.7 86.5 3.1 11.6 6.3 2.9 1.5 0.0 0.0 0.5 0.2 0.2 5.1 136.3 -80.0 40.6 13.8

579

Latif Jute Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

35.6 -11.2 24.4 0.0 0.0 0.7 0.7 25.1 0.9 0.9 0.0 4.6 0.0 5.5 49.2 49.9 -43.7 1.3 -48.3 83.2 68.8 3.7 74.3 12.7 12.7 0.0 21.0 -8.3 30.4 16.9 0.8 16.1 0.4 0.0 0.0 -14.2 15.7 -29.9 19.4 -10.5 2.8 11.2 11.2 204.5 21.7 68.5 239.4 4.7 6.3 61.5 2.5 7.1 66.0 0.0 126.8 4.5 4.4 3.8 17.1 246.2 -92.7 6.9

2005
35.6 0.3 35.9 0.0 0.0 0.0 0.0 35.9 0.1 0.1 0.0 0.7 0.0 0.8 28.8 28.8 -28.0 0.0 -28.7 78.8 63.8 0.3 64.6 0.0 0.0 0.0 0.0 0.0 2.7 -1.9 0.1 -2.0 0.0 0.0 0.0 10.8 -2.0 12.8 -1.7 11.1 0.0 2.8 2.8 80.2 -3.1 -18.5 -15.3 100.8 -5.6 0.0 -0.6 -0.6 0.4 0.0 -113.3 -100.0 10.1

2006
35.6 -0.3 35.3 0.0 0.0 0.0 0.0 35.3 0.2 0.2 0.0 0.7 0.0 0.9 29.2 29.2 -28.3 0.0 -29.0 75.7 63.6 0.2 64.5 0.0 0.0 0.0 0.0 0.0 3.1 -1.9 0.0 -1.9 0.0 0.0 0.0 -0.6 -1.9 1.3 -1.7 -0.4 0.0 3.1 3.1 82.7 -2.9 316.7 425.0 99.2 0.0 0.0 0.0 0.0 0.0 0.0 -5.4 0.0 0.0 0.0 -0.5 -0.5 0.3 0.0 -16.7 9.9

2007
35.6 -1.2 34.4 0.0 0.0 0.0 0.0 34.4 0.1 0.1 0.0 0.7 0.0 0.8 29.1 29.1 -28.3 0.0 -29.0 62.8 62.8 0.0 63.6 0.0 0.0 0.0 0.0 0.0 6.0 -1.0 0.0 -1.0 0.0 0.0 0.0 -0.9 -1.0 0.1 -1.0 -0.9 0.0 2.7 2.7 84.6 -1.6 111.1 111.1 96.6 0.0 0.0 0.0 0.0 0.0 0.0 -2.9 0.0 0.0 0.0 -0.3 -0.3 0.0 0.0 -40.0 9.7

2008
35.6 0.0 35.6 0.0 0.0 0.0 0.0 35.6 0.0 0.0 0.0 0.4 0.0 0.4 27.6 27.6 -27.2 25.2 -27.6 62.8 62.8 0.0 63.2 0.0 0.0 0.0 0.0 0.0 2.8 1.4 0.0 1.4 0.2 0.0 0.0 1.2 1.2 0.0 1.2 1.2 0.0 1.4 1.4 77.5 2.2 100.0 100.0 100.0 0.0 0.0 0.0 0.0 14.3 0.0 3.9 0.0 0.0 0.0 0.4 0.3 0.0 0.0 -233.3 10.0

2009
35.6 28.9 64.5 0.0 0.0 0.0 0.0 64.5 89.2 0.2 89.0 0.4 0.0 89.6 25.1 25.1 64.5 0.0 64.1 0.0 0.0 0.0 89.6 0.0 0.0 0.0 0.0 0.0 3.2 28.9 0.0 28.9 0.2 0.0 0.0 28.9 28.7 0.2 28.7 28.9 0.0 357.0 357.0 38.9 32.3 99.3 99.3 181.2 0.0 0.0 0.0 0.0 0.7 0.0 44.8 0.0 0.0 0.0 8.1 8.1 0.0 0.0 1925.0 18.1

580

Suhail Jute Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

37.5 386.5 424.0 0.0 0.0 21.0 21.0 445.0 133.7 1.5 132.2 90.1 97.1 320.9 125.8 146.8 195.1 124.8 7.9 408.0 250.0 8.1 570.9 85.8 75.2 10.6 64.7 21.1 90.7 27.1 4.8 22.3 0.5 1.9 0.0 7.8 19.9 -12.1 28.0 15.9 4.7 255.1 177.9 34.6 3.9 255.1 176.1 1130.7 105.7 17.7 5.6 3.8 2.2 13.2 5.3 1147.4 0.4 26.0 5.9 5.8 3.2 15.0 -7.8 -56.7 113.1

2005
37.5 301.0 338.5 0.0 6.4 14.6 21.0 359.5 170.2 1.5 168.7 121.4 103.7 395.3 280.8 301.8 114.5 184.5 -110.6 410.4 244.9 7.7 640.2 208.6 167.9 40.7 202.5 6.1 230.1 -10.5 9.6 -20.1 0.9 1.9 0.0 -85.5 -22.9 -62.6 -15.2 -77.8 5.8 140.8 103.8 89.2 -3.1 902.7 110.3 4.6 5.2 0.0 -5.9 -1105.3 0.6 -9.6 -5.4 -5.6 3.1 32.6 -191.5 143.1 90.3

2006
37.5 333.9 371.4 0.0 6.4 7.7 14.1 385.5 232.3 10.8 221.5 117.2 63.8 413.3 267.2 281.3 146.1 184.8 -34.9 412.4 239.4 7.4 652.7 206.0 185.5 20.5 197.5 8.5 220.9 27.9 23.0 4.9 1.0 1.9 0.0 26.0 2.0 24.0 9.4 33.4 3.7 154.7 130.8 75.7 0.8 7.7 28.1 990.4 107.2 82.4 11.2 12.4 20.4 6.1 1.3 205.3 0.5 2.4 1.3 1.0 3.0 31.6 -124.1 -1.2 99.0

2007
37.5 383.7 421.2 0.0 6.4 1.0 7.4 428.6 302.9 4.5 298.4 95.6 89.6 488.1 295.6 303.0 192.5 221.4 7.3 416.0 236.0 7.1 724.1 236.5 233.8 2.7 236.0 0.5 264.6 19.7 27.4 -7.7 1.2 0.0 0.0 43.1 -8.9 52.0 -1.8 50.2 1.7 165.1 134.8 71.9 -1.1 -20.6 -3.6 1123.2 111.9 139.1 11.6 12.4 -15.6 2.5 -1.8 0.0 0.0 -3.3 -2.1 -2.4 2.9 32.7 -261.5 14.8 112.3

2008
37.5 885.5 923.0 0.0 0.0 22.7 22.7 945.7 5.0 2.4 2.6 352.8 90.5 448.3 257.5 280.2 190.8 250.8 -252.5 342.6 754.9 7.6 1203.2 253.7 240.3 13.4 244.4 9.3 280.2 56.2 31.9 24.3 1.2 0.0 0.0 517.1 23.1 494.0 30.7 524.7 2.4 174.1 139.0 30.4 2.0 4.5 5.9 2461.3 110.4 56.8 12.6 12.7 4.9 13.4 2.6 0.0 0.0 9.6 6.5 6.2 3.3 21.1 -409.5 7.3 246.1

2009
37.5 756.5 794.0 0.0 0.0 0.0 0.0 794.0 49.5 2.6 46.9 113.4 101.7 264.6 217.7 217.7 46.9 0.0 -168.2 942.6 746.9 8.1 1011.5 345.0 345.0 0.0 296.1 48.9 327.4 13.8 43.5 -29.7 0.0 0.0 0.0 -151.7 -29.7 -122.0 -21.6 -143.6 0.0 121.5 74.8 27.4 -2.9 19.6 15.0 2117.3 94.9 315.2 12.6 0.0 0.0 1.7 -3.7 0.0 0.0 -8.6 -7.9 -7.9 1.1 34.1 -221.5 36.0 211.7

581

Thal Limited ( Thal Jute Mills Ltd.)

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

69.6 742.8 812.4 0.0 0.0 4.5 4.5 816.9 41.2 5.2 36.0 424.3 731.0 1196.5 517.7 522.2 678.8 127.3 -476.5 433.6 138.0 32.4 1334.5 3066.2 2767.7 298.5 2540.4 525.8 2646.6 453.8 8.2 445.6 129.4 87.0 0.0 209.0 229.2 -20.2 261.6 241.4 0.6 231.1 89.9 64.3 33.4 109.7 108.4 1167.2 86.3 1.8 0.3 6.4 29.0 6.1 54.8 363.4 10.7 14.5 64.0 45.4 22.5 229.8 12.9 26.6 116.7

2005
69.6 1136.4 1206.0 0.0 0.0 9.6 9.6 1215.6 176.0 140.3 35.7 483.0 837.1 1496.1 436.5 446.1 1059.6 160.9 -260.5 466.8 156.0 32.1 1652.1 4045.9 3798.6 247.3 3346.6 699.3 3496.6 612.2 15.9 596.3 191.0 87.0 0.0 398.7 318.3 80.4 350.4 430.8 0.8 342.7 151.0 37.0 36.1 79.8 81.3 1732.8 86.4 2.6 0.4 9.9 32.0 9.5 49.4 465.9 7.2 14.7 85.7 58.2 23.3 244.9 33.9 32.0 173.3

2006
69.6 2362.3 2431.9 0.0 0.0 14.3 14.3 2446.2 474.8 180.4 294.4 856.8 1609.5 2941.1 767.3 781.6 2173.8 236.4 -292.5 789.8 272.3 55.5 3213.4 6006.4 5622.2 384.2 4852.0 1154.4 5144.5 977.5 13.9 963.6 300.1 0.0 13.9 1230.6 663.5 567.1 719.0 1286.1 0.6 383.3 173.5 32.1 30.0 53.9 55.9 3494.1 85.7 1.4 0.2 5.9 31.1 10.2 39.6 0.0 0.0 16.0 138.4 95.3 23.7 186.9 61.5 48.5 349.4

2007
117.1 2916.0 3033.1 0.0 0.0 13.5 13.5 3046.6 1234.5 865.5 369.0 703.1 1465.9 3403.5 654.5 668.0 2749.0 204.5 580.0 868.9 297.6 67.6 3701.1 6896.0 6431.4 464.6 5587.5 1308.5 5933.1 1110.4 31.5 1078.9 339.9 82.0 35.1 600.4 657.0 -56.6 724.6 668.0 0.4 520.0 296.0 22.0 29.2 109.4 108.5 2590.2 86.0 2.8 0.5 15.4 31.5 7.4 35.6 901.2 2.7 15.6 92.1 63.1 24.7 186.3 -33.5 14.8 259.0

2008
152.2 3590.9 3743.1 0.0 0.0 373.9 373.9 4117.0 2096.0 76.3 2019.7 1020.7 2012.3 5129.0 1518.3 1892.2 3610.7 1145.2 577.7 1121.9 506.4 62.8 5635.4 9861.8 9328.7 533.1 8436.7 1425.1 9073.0 1117.7 56.6 1061.1 0.0 0.0 60.9 1070.4 1061.1 9.3 1123.9 1133.2 9.1 337.8 205.3 50.6 18.8 99.1 99.2 2459.3 92.0 5.1 0.6 4.9 0.0 6.6 28.3 0.0 0.0 10.8 69.7 69.7 21.2 175.0 -24.3 43.0 245.9

2009
213.1 4174.4 4387.5 0.0 0.0 255.3 255.3 4642.8 2624.3 521.6 2102.7 839.4 1867.2 5330.9 1227.3 1482.6 4103.6 682.8 1397.0 1247.0 539.2 104.4 5870.1 8262.9 7802.7 460.2 6835.5 1427.4 7221.6 1179.8 191.2 988.6 302.3 42.6 42.6 525.8 643.7 -117.9 748.1 630.2 5.5 434.4 282.2 33.8 16.8 122.4 118.7 2058.9 87.4 16.2 2.3 28.0 30.6 4.3 22.5 1611.0 1.0 12.0 46.4 32.2 20.6 140.8 -33.4 -16.2 205.9

582

Crescent Jute Products Ltd.

306, 3rd Floor, Sadiq Trade Centre, 72-main Boulevard, Gulberg, Lahore

Management
Mr. Mazhar Karim(Chairman) Mr. Humayun Mazhar(Chief Executive) Mr. Amir Hasnain Zaidi(Director) Syed Raza Abbas Jafri (NIT)(Director) Mr. Khalid Bashir(Director) Mr. Khurram Mazher Karim(Director) Mr. Rashid M. Hanif(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th October , 2009 30th June , 2009 The Bank Of Punjab

Banker
Crescent Standard Modaraba MCB Bank Ltd. Bank Al-Falah Ltd. United Bank Ltd.

Auditor
M/s. Riaz Ahmad & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.50 4.25 .50 1.07

Production Desc
Sacking including twine Hessian

Units
M.Tons M.Tons

Capacity
18,500 4,500

Actual Production
11,706 1,069

Latif Jute Mills Ltd.

Hub Chowki Village Beirut, Tehsil Hub, Dist. Lasbella, Balochistan.

Management
Mr. M. Tariq Bawany(Chairman & C.E.) Mr. M.Arif(Director) Mr. M. Taufiq(Director) Mr. M. Danish(Director) Mr. Arif S. Ghazi(Director) Mr. Arif Yousuf Jaliawala(Director) Mr. Mohammad Arif Dalia(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 19th October , 2009 30th June , 2009 RBS Bank Ltd. United Bank Ltd.

Banker

Auditor
M/s. Aslam Malik & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 6.50 7.50 5.30 6.40

Production Desc
Jute spindles and Jute bags

Units
M. Tons

Capacity
8,000

Actual Production
Nil

583

Suhail Jute Mills Ltd.

125-Murree Road, Rawalpindi.

Management
Mr. Sohail Farooq Shaikh(Chairman/ C.E.) Mrs. Neelum Sohail Shaikh(Director) Mrs. Nadia Shaikh(Director) Mrs Mehreen Haroon Rashid(Director) Mrs Ambreen Zahid Bashir(Director) Mrs. Nazifa Khaliq(Director) Mrs. Sharmeen Azam Jamil(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Habib Bank Ltd.

Banker
National Bank Of Pakistan

Auditor
M/s. Amir Alam Khan & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 22.00 36.27 22.00 36.09

Production Desc
Jute production (Variety Products)

Units
M. Tons

Capacity
6,000

Actual Production
4,948

Thal Limited ( Thal Jute Mills Ltd.)

4th Floor, House of Habib, 3-Jinnah Cooperative Housing Society, Shahrah-e-Faisal, Karachi.

Management
Mr. Rafiq M. Habib(Chairman) Mr. Sohail P. Ahmed(Chief Executive) Mr. Ali S. Habib(Director) Mr. Mohammadali R. Habib(Director) Mr. S. Z. Kazmi(Director) Mr. Mazhar Valjee(Director) Mr. Shahid Mahmood Khan(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 20 20 Habib Bank Ltd.

Banker
Albaraka Islamic Bank HSBC Bank Middle East Ltd. Habib Metropolitan Bank Ltd. National Bank of Pakistan. Standard Chartered Bank ( Pakistan) Ltd. United Bank Ltd. 26th October , 2009 30th June , 2009 Face Value

Auditor
M/s. Ford Rhodes Sidat Hyder & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

5.00 77.45 194.06 40.55 106.51 2

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Jute Auto Air Conditioners Wire Harness

Units
M. Tons Units Units

Capacity
33,800 90,000 Indeterminable

Actual Production
35,197 43,770 43,203

584

Vanaspati & Allied Industries Sector

Vanaspati And Allied Industries Sector

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

391.4 -3192.0 -2800.6 1.0 0.0 602.3 603.3 -2197.3 55.3 52.5 2.8 907.7 439.8 1402.8 4787.2 5390.5 -3384.4 2270.7 -4731.9 1404.4 1186.9 32.3 2589.7 6360.0 6036.3 323.7 5971.3 388.7 6250.7 341.7 127.2 214.5 54.4 3.0 0.0 -77.5 157.1 -234.6 189.4 -45.2 29.3 20.1 8.3 -715.5 98.3 37.2 2.0 5.6 25.4 6.7 5336.7 3.4 5.5 4.1 2.9 245.6 685.7 6.0 -71.6

2005
367.4 -1496.6 -1129.2 1.0 0.0 410.1 411.1 -718.1 94.0 41.2 52.8 765.6 427.1 1286.7 3273.8 3684.9 -1987.1 2214.6 -3179.8 1834.4 1269.1 41.1 2555.8 6357.7 5646.9 710.8 5958.8 398.9 6282.0 104.9 109.1 -4.2 62.5 1.0 0.0 1479.2 -67.7 1546.9 -26.6 1520.3 0.0 39.3 26.3 0.0 -0.2 -4.6 -1.7 -307.3 98.8 104.0 1.7 4.9 -1488.1 7.4 0.0 -6670.0 0.0 -0.1 -0.1 -1.8 3.5 248.8 -101.8 0.0 -30.7

2006
367.4 -1296.7 -929.3 1.0 4.7 350.4 356.1 -573.2 226.6 176.5 50.1 806.9 444.9 1478.4 3255.5 3611.6 -1777.1 2972.2 -3028.9 1393.5 1203.9 53.9 2682.3 6484.0 5703.6 780.4 5977.3 506.7 6340.5 66.6 134.1 -67.5 75.3 0.0 0.0 144.9 -142.8 287.7 -88.9 198.8 0.0 45.4 31.7 0.0 -2.5 -98.6 -44.7 -252.9 97.8 201.4 2.1 4.5 -111.6 8.3 0.0 0.0 0.0 -1.0 -1.8 -3.9 4.3 241.7 1700.0 2.0 -25.3

2007
361.5 -1674.0 -1312.5 1.0 0.0 258.4 259.4 -1053.1 237.7 187.6 50.1 477.2 440.6 1155.5 3061.7 3321.1 -1906.2 1801.5 -2824.0 1296.5 853.2 32.3 2008.7 4029.8 4029.8 0.0 3787.1 242.7 4021.3 -51.6 111.2 -162.8 28.1 8.5 0.0 -479.9 -199.4 -280.5 -167.1 -447.6 0.0 37.7 23.3 0.0 -8.1 41.6 37.3 -363.1 99.8 -215.5 2.8 6.2 -17.3 11.7 0.0 -2245.9 0.0 -4.0 -4.5 -5.3 3.5 200.6 150.0 -37.9 -36.3

2008
281.5 -1736.3 -1454.8 1.0 0.0 228.5 229.5 -1225.3 162.1 112.0 50.1 786.9 675.1 1624.1 3692.6 3922.1 -2068.5 1943.4 -3530.5 1312.8 843.3 32.8 2467.4 5470.4 5470.4 0.0 5139.7 330.7 5341.2 138.8 139.8 -1.0 39.5 0.0 10.2 -172.2 -40.5 -131.7 -7.7 -139.4 0.0 44.0 25.7 0.0 0.0 23.5 5.5 -516.8 97.6 100.7 2.6 7.2 -3950.0 14.4 0.0 0.0 0.0 0.0 0.0 -1.4 3.9 221.7 -100.0 35.7 -51.7

2009
172.8 -648.5 -475.7 0.0 0.0 2.1 2.1 -473.6 157.6 107.6 50.0 488.8 538.3 1184.7 2321.7 2323.8 -1137.0 332.3 -2164.1 996.8 663.3 23.8 1848.0 4681.4 4681.4 0.0 4380.1 301.3 4602.9 132.6 76.1 56.5 48.0 4.6 7.7 751.7 3.9 747.8 27.7 775.5 0.0 51.0 27.8 0.0 3.1 0.5 3.6 -275.3 98.3 57.4 1.6 22.9 85.0 5.3 0.0 184.8 0.0 1.2 3.3 0.5 4.1 253.3 -14.4 -27.5

587

Vanaspati And Allied Industries

Operating, Financial & Investment Ratios

100

50

2004

2005 Gearing ratio

2006 Debt equity ratio

2007 Current ratio

2008

2009

Morafco Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

5.7 -830.3 -824.6 0.0 0.0 0.0 0.0 -824.6 0.0 0.0 0.0 1.6 0.0 1.6 829.1 829.1 -827.5 0.0 -829.1 22.0 2.9 0.3 4.5 0.0 0.0 0.0 0.0 0.0 1.5 -1.5 0.0 -1.5 0.0 0.0 0.0 -1.7 -1.5 -0.2 -1.2 -1.4 0.2 0.2 -33.3 -14466.7 -2.6 -2.6 9.4 0.0 0.0 -1446.7

2005
5.7 -831.4 -825.7 0.0 0.0 0.0 0.0 -825.7 0.0 0.0 0.0 1.6 0.0 1.6 830.0 830.0 -828.4 0.0 -830.0 22.0 2.6 0.3 4.2 0.0 0.0 0.0 0.0 0.0 1.1 -1.1 0.0 -1.1 0.0 0.0 0.0 -1.1 -1.1 0.0 -0.8 -0.8 0.2 0.2 -26.2 -14486.0 -1.9 -1.9 10.3 0.0 -26.9 -1448.6

2006
5.7 -832.3 -826.6 0.0 0.0 0.0 0.0 -826.6 1.3 1.3 0.0 0.7 0.0 2.0 830.9 830.9 -828.9 705.4 -829.6 22.0 2.3 0.3 4.3 0.0 0.0 0.0 0.0 0.0 1.2 -0.8 0.0 -0.8 0.0 0.0 0.0 -0.9 -0.8 -0.1 -0.5 -0.6

2007
5.7 -833.5 -827.8 0.0 0.0 0.0 0.0 -827.8 0.0 0.0 0.0 0.7 0.0 0.7 830.6 830.6 -829.9 0.0 -830.6 22.0 2.1 0.2 2.8 0.0 0.0 0.0 0.0 0.0 1.4 -1.2 0.0 -1.2 0.0 0.0 0.0 -1.2 -1.2 0.0 -1.0 -1.0

2008
5.7 -834.8 -829.1 0.0 0.0 0.0 0.0 -829.1 0.1 0.1 0.0 0.7 0.0 0.8 831.8 831.8 -831.0 0.0 -831.7 22.0 1.9 0.2 2.7 0.0 0.0 0.0 0.0 0.0 1.3 -1.3 0.0 -1.3 0.0 0.0 0.0 -1.3 -1.3 0.0 -1.1 -1.1

2009
5.7 -836.1 -830.4 0.0 0.0 0.0 0.0 -830.4 0.1 0.1 0.0 0.7 0.0 0.8 832.9 832.9 -832.1 0.0 -832.8 22.0 1.7 0.2 2.5 0.0 0.0 0.0 0.0 0.0 1.3 -1.3 0.0 -1.3 0.0 0.0 0.0 -1.3 -1.3 0.0 -1.1 -1.1

0.0 0.0 0.0 0.0 0.2 0.1 0.1 0.1 0.2 0.1 0.1 0.1 0.0 0.0 0.0 0.0 -18.6 -42.9 -48.1 -52.0 88.9 100.0 100.0 100.0 83.3 100.0 100.0 100.0 -14501.8 -14522.8 -14545.6 -14568.4 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 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 0.0 0.0 0.0 -1.4 -1.4 11.5 0.0 -26.3 -1450.2 0.0 0.0 0.0 -2.1 -2.1 8.7 0.0 50.0 -1452.3 0.0 0.0 0.0 -2.3 -2.3 9.5 0.0 9.5 -1454.6 0.0 0.0 0.0 -2.3 -2.3 10.5 0.0 0.0 -1456.8

589

Punjab Oil Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

20.4 12.5 32.9 0.0 0.0 23.6 23.6 56.5 6.1 3.4 2.7 105.5 36.1 147.7 153.7 177.3 -6.0 76.5 -147.6 142.4 62.5 4.8 210.2 1049.4 1049.4 0.0 1012.1 37.3 1034.2 15.7 4.8 10.9 4.6 2.0 0.0 -3.0 4.3 -7.3 9.1 1.8 41.8 96.1 72.6 538.9 5.2 505.6 161.3 98.6 30.6 0.5 6.3 42.2 1.0 33.1 315.0 6.1 1.0 5.3 3.1 7.6 499.2 -5.4 15.2 16.1

2005
20.4 -6.5 13.9 0.0 0.0 8.9 8.9 22.8 8.2 5.5 2.7 80.5 54.1 142.8 187.7 196.6 -44.9 67.5 -179.5 152.6 67.7 5.0 210.5 1178.6 1178.6 0.0 1143.6 35.0 1167.6 11.4 4.0 7.4 5.1 0.0 0.0 -33.7 2.3 -36.0 7.3 -28.7 39.0 76.1 47.3 1414.4 3.5 68.1 99.1 35.1 0.3 5.9 68.9 1.2 53.2 0.0 0.6 3.6 1.1 8.0 559.9 -32.1 12.3 6.8

2006
20.4 25.4 45.8 0.0 0.0 6.3 6.3 52.1 8.6 8.6 0.0 94.6 65.9 169.1 195.9 202.2 -26.8 60.9 -187.3 168.6 79.1 6.4 248.2 1226.5 1226.5 0.0 1171.7 54.8 1207.8 20.0 3.5 16.5 7.9 0.0 0.0 29.3 8.6 20.7 15.0 35.7 12.1 86.3 52.7 441.5 6.6 29.4 42.0 224.5 98.5 17.5 0.3 5.7 47.9 1.9 36.0 0.0 0.0 1.3 8.1 4.2 9.5 494.2 125.0 4.1 22.5

2007
20.4 125.7 146.1 0.0 0.0 5.8 5.8 151.9 15.5 15.5 0.0 106.3 77.4 199.2 231.5 237.3 -32.3 51.0 -216.0 279.6 184.3 6.4 383.5 1747.5 1747.5 0.0 1670.9 76.6 1718.4 29.5 2.1 27.4 10.6 4.5 0.0 99.8 12.3 87.5 18.7 106.2 3.8 86.0 52.6 162.4 7.1 12.3 17.6 716.2 98.3 7.1 0.1 4.1 38.7 1.7 18.8 373.3 3.1 1.6 13.4 8.2 8.1 455.7 65.4 42.5 71.6

2008
20.4 159.6 180.0 0.0 0.0 4.7 4.7 184.7 39.4 39.4 0.0 371.1 97.4 507.9 507.5 512.2 0.4 44.5 -468.1 289.5 184.3 9.8 692.2 2509.2 2509.2 0.0 2386.0 123.2 2453.8 57.5 3.2 54.3 18.8 0.0 10.2 32.8 35.5 -2.7 45.3 42.6 2.5 100.1 80.9 284.6 7.8 108.2 106.3 882.4 97.8 5.6 0.1 7.2 34.6 10.9 30.2 0.0 0.0 2.2 26.6 17.4 5.3 362.5 98.5 43.6 88.2

2009
30.6 66.4 97.0 0.0 0.0 1.7 1.7 98.7 38.6 38.6 0.0 261.2 168.9 468.7 554.9 556.6 -86.2 2.1 -516.3 299.6 185.1 9.9 653.8 2809.9 2809.9 0.0 2625.3 184.6 2718.2 104.3 0.9 103.4 44.1 4.6 7.7 -86.0 54.7 -140.7 64.6 -76.1 1.7 84.5 54.0 573.8 15.8 -63.6 -84.9 317.0 96.7 0.9 0.0 42.9 42.6 4.7 106.6 1289.1 4.7 3.7 33.8 19.4 5.4 429.8 27.1 12.0 31.7

590

S.S. Oil Mills Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

56.6 280.2 336.8 0.0 0.0 18.0 18.0 354.8 10.5 10.5 0.0 107.3 106.3 224.1 147.4 165.4 76.7 98.7 -136.9 402.7 278.2 9.7 502.3 1105.1 1105.1 0.0 1054.6 50.5 1070.9 245.3 12.9 232.4 7.5 0.0 0.0 2.9 224.9 -222.0 234.6 12.6 5.1 152.0 79.9 49.1 46.3 7755.2 1861.9 595.1 96.9 5.3 1.2 13.1 3.2 5.4 69.0 0.0 21.0 41.1 39.7 3.5 220.0 953.8 22.0 59.5

2005
56.6 267.2 323.8 0.0 0.0 13.5 13.5 337.3 10.3 10.3 0.0 77.7 161.8 249.8 184.7 198.2 65.1 112.7 -174.4 403.8 272.1 7.6 521.9 622.5 622.5 0.0 611.0 11.5 622.0 0.8 8.5 -7.7 2.8 0.0 0.0 -17.5 -10.5 -7.0 -2.9 -9.9 4.0 135.2 47.6 61.2 -1.5 572.1 99.9 1062.5 1.4 7.5 7.3 -2.4 0.0 -1.2 -1.4 -1.9 2.7 119.3 -103.4 -43.7 57.2

2006
56.6 267.0 323.6 0.0 0.0 4.5 4.5 328.1 1.5 1.5 0.0 176.3 205.6 383.4 319.9 324.4 63.5 277.0 -318.4 133.4 264.6 8.7 648.0 912.0 912.0 0.0 874.7 37.3 888.2 23.0 22.0 1.0 4.2 0.0 0.0 -9.2 -3.2 -6.0 5.5 -0.5 1.4 119.8 55.6 100.2 0.2 34.8 -1100.0 571.7 97.4 95.7 2.4 7.9 420.0 9.7 0.3 0.0 0.0 0.1 0.2 -0.6 3.2 140.7 -114.3 46.5 57.2

2007
56.6 208.0 264.6 0.0 0.0 0.0 0.0 264.6 13.6 13.6 0.0 166.4 245.0 425.0 417.0 417.0 8.0 252.3 -403.4 404.3 256.6 8.0 681.6 1026.6 1026.6 0.0 959.7 66.9 975.6 51.1 35.9 15.2 4.6 0.0 0.0 -63.5 10.6 -74.1 18.6 -55.5 0.0 101.9 43.2 157.6 2.2 -16.7 -33.5 467.5 95.0 70.3 3.5 14.2 30.3 10.0 5.7 0.0 0.0 1.5 2.7 1.9 3.0 150.6 1250.0 12.6 46.7

2008
56.6 220.8 277.4 0.0 0.0 0.0 0.0 277.4 61.4 61.4 0.0 196.7 391.0 649.1 629.7 629.7 19.4 455.6 -568.3 413.3 257.9 7.8 907.0 1551.9 1551.9 0.0 1464.1 87.8 1491.3 60.7 41.5 19.2 7.0 0.0 0.0 12.8 12.2 0.6 20.0 20.6 0.0 103.1 41.0 227.0 2.1 95.3 97.1 490.1 96.1 68.4 2.7 9.1 36.5 11.1 6.9 0.0 0.0 1.2 3.4 2.2 3.0 171.1 25.9 51.2 49.0

2009
56.6 296.5 353.1 0.0 0.0 0.3 0.3 353.4 3.2 3.2 0.0 167.6 238.0 408.8 399.6 399.9 9.2 213.7 -396.4 509.2 344.3 9.5 753.1 973.7 973.7 0.0 913.5 60.2 932.1 42.0 30.6 11.4 4.0 0.0 0.0 76.0 7.4 68.6 16.9 85.5 0.1 102.3 42.7 113.3 1.5 9.7 19.8 623.9 95.7 72.9 3.1 14.3 35.1 10.9 3.2 0.0 0.0 1.2 2.0 1.3 3.7 129.3 -41.2 -37.3 62.4

591

Wazir Ali Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

76.1 -57.3 18.8 0.0 0.0 71.8 71.8 90.6 10.5 10.5 0.0 60.1 56.4 127.0 146.7 218.5 -19.7 167.4 -136.2 0.0 110.2 0.0 237.2 726.6 726.6 0.0 630.3 96.3 760.9 -33.1 22.1 -55.2 5.4 0.0 0.0 63.7 -60.6 124.3 -60.6 63.7 79.2 86.6 48.1 1162.2 -23.3 -95.1 -95.1 24.7 104.7 3.0 13.2 3.8 -293.6 0.0 -7.6 -7.3 -8.0 0.0 306.3 114.7 -29.6 2.5

2005
76.1 -6.2 69.9 0.0 0.0 52.9 52.9 122.8 57.3 7.3 50.0 122.8 79.6 259.7 241.7 294.6 18.0 229.2 -184.4 136.9 104.7 5.3 364.4 1028.0 1028.0 0.0 893.6 134.4 1033.1 -2.2 18.7 -20.9 11.7 0.0 0.0 32.2 -32.6 64.8 -27.3 37.5 43.1 107.4 74.5 421.5 -5.7 -101.2 -72.8 91.9 100.5 1.8 8.2 4.3 -29.9 0.0 -2.0 -2.7 -4.3 4.8 282.1 -63.0 41.5 9.2

2006
76.1 -30.2 45.9 0.0 0.0 39.7 39.7 85.6 64.2 14.2 50.0 105.3 43.3 212.8 230.7 270.4 -17.9 190.2 -166.5 141.1 103.4 5.6 316.2 1150.5 1150.5 0.0 976.0 174.5 1152.6 -0.3 24.7 -25.0 10.4 0.0 0.0 -37.2 -35.4 -1.8 -29.8 -31.6 46.4 92.2 73.5 589.1 -7.9 95.2 94.3 60.3 100.2 -8233.3 2.1 13.0 -41.6 3.6 -54.5 0.0 0.0 -2.2 -3.3 -4.7 5.3 363.9 22.2 11.9 6.0

2007
79.9 -78.3 1.6 0.0 0.0 17.9 17.9 19.5 62.9 12.9 50.0 64.6 104.9 232.4 354.9 372.8 -122.5 193.1 -292.0 170.6 141.9 5.0 374.3 885.1 885.1 0.0 796.1 89.0 939.5 -30.0 32.8 -62.8 4.5 4.0 0.0 -66.1 -71.3 5.2 -66.3 -61.1 91.8 65.5 35.9 23300.0 -16.8 107.9 108.5 2.0 106.1 -109.3 3.7 17.0 -7.2 4.2 -3925.0 -1682.5 250.0 -7.1 -7.9 -8.4 4.8 236.5 139.4 -23.1 0.2

2008
79.9 -119.4 -39.5 0.0 0.0 0.0 0.0 -39.5 60.5 10.5 50.0 63.2 176.3 300.0 475.8 475.8 -175.8 122.3 -415.3 168.2 136.3 4.5 436.3 922.0 922.0 0.0 818.2 103.8 906.1 18.8 56.4 -37.6 4.7 0.0 0.0 -59.0 -42.3 -16.7 -37.8 -54.5 0.0 63.1 26.0 0.0 -8.6 71.7 69.4 -49.4 98.3 300.0 6.1 46.1 -12.5 3.6 0.0 0.0 0.0 -4.1 -4.7 -5.3 3.2 211.3 -40.5 4.2 -4.9

2009
79.9 -175.3 -95.4 0.0 0.0 0.0 0.0 -95.4 115.8 65.8 50.0 59.2 131.5 306.5 534.3 534.3 -227.8 116.4 -418.5 166.1 132.3 4.3 438.8 897.8 897.8 0.0 841.2 56.6 951.2 -12.3 44.7 -57.0 0.0 0.0 0.0 -55.9 -57.0 1.1 -52.7 -51.6 0.0 57.4 32.8 0.0 -13.0 102.0 102.1 -119.4 105.9 -363.4 5.0 38.4 0.0 1.2 0.0 0.0 0.0 -6.3 -7.1 -7.1 3.2 204.6 51.1 -2.6 -11.9

592

Morafco Industries Ltd.

C/o. Republic Motors (Pvt.) Ltd., 87-Shahrah-e-Quaid-e-Azam, Lahore.

Management
Mr. Abdul Bari Khan(Chairman / M.D.) Mr. Sarosh Yousufi(M.D. / C.E.O.) Mr. S.Rehan Ul Hasnat(Director) Mr. Javed Iqbal(Director) Mr. M. Adil Mannoo(Director) Mst. Humaira Monnoo(Director) Mr. Zahid ur-Rehman Mughal(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th October , 2009 30th June , 2009 MCB Bank Ltd. Soneri Bank Ltd.

Banker

Auditor
M/s. Kamran & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 13.85

Production Desc
Ghee production

Units
M. Tons

Capacity
20,000

Actual Production
Nil

Punjab Oil Mills Ltd.

26,27,28, Industrial Triangle, Kahuta Road, Islamabad.

Management
Mr. Tahir Jahangir(Chairman) Mr. Izaz Ilahi Malik(M.D. / C.E.O.) Ch. Muhammad Sarwar(Director) Mr. Firasat Ali (NIT)(Director) Mr. Gul Nawaz (NIT)(Director) Sh. Anwar Ahmad Batla(Director) Mr. Usman Ilahi Malik(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 15 25 31st October , 2009 30th June , 2009 Faysal Bank Ltd.

Banker

Auditor
M/s. Qadeer & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 51.00 51.00 30.75 40.88 16

Production Desc
Ghee/Margerin Cooking Oil

Units
M.Tons M.Tons

Capacity
20,000 5,000

Actual Production
20,000 6,039

593

S.S. Oil Mills Ltd.

2-Tipu Block, New Garden Town, Lahore.

Management
Nawabzada Shahzad Ali Khan(Chairman / C.E.O The Bank Of Punjab Mr. Shaharyar Ali Khan(Director) Chaudhry Mohammad Humayun(Director) Mr. Ahsan-ud-Din(Director) Khalifa Mohammad Hasan Saeed(Director) Mr. Safdar Iqbal Khan(Director) Mr. Wajahat Ali Khan(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 26th October , 2009 30th June , 2009 Silk Bank Ltd. MCB Bank Ltd.

Banker

Auditor
M/s. Aslam Malik & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 2.49 10.99 1.85 5.28

Production Desc
Oil from Sunflower Seed Oil from Rape Seed Cotton Seed

Units
M.Tons M.Tons M.Tons

Capacity
20,000 40,000 19,500

Actual Production
7,257 11,627 -

Wazir Ali Industries Ltd.

F-33, Hub River Road, S.I.T.E, Karachi.

Management
Syed Yawar Ali(Chairman) Mr. Abdus Samad(Chief Executive) Mr. Abdul Rashid Janmohammad(Director) Mr. Perwaiz Hasan Khan(Director) Mr. Mohammad Rabbani(Director) Mr. Perwaiz Masud Ansari(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 28th October , 2009 30th June , 2009 Habib Bank Ltd.

Banker
The Royal Bank of Scotland Ltd. Standard Chartered Bank ( Pakistan) Ltd. MCB Bank Ltd.

Auditor
KPMG Taseer Hadi & Co.

Mr. Mohammad Bashir Janmohammad(Director Natioanl Bank of Paksitan

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2008 2008 2008

Rs. Rs. Rs. Rs. Rs.

10.00 9.80 20.52 2.75 11.26

Production Desc
Vanaspati-Ghee & cooking oil

Units
M. Tons

Capacity
30,000

Actual Production
21,392

594

Miscelleneous Sector

Miscelleneous Sector
Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

6595.6 15470.6 22066.2 0.0 699.6 5717.2 6416.8 28483.0

2005
6744.9 22896.9 29641.8 72.0 499.7 7238.8 7810.5 37452.3

2006
7961.3 26044.3 34005.6 72.0 299.8 4688.7 5060.5 39066.1

2007
10555.1 32353.7 42908.8 72.0 99.9 6037.0 6208.9 49117.7

2008
11184.9 38731.3 49916.2 76.8 1499.4 12824.1 14400.3 64316.5

2009
12515.1 43452.9 55968.0 4.8 1499.4 8214.9 9719.1 65687.1

4202.0 4720.4 5854.4 8973.9 12889.9 13382.0 3306.1 3093.4 3727.2 4169.9 4100.4 4134.9 895.9 1627.0 2127.2 4804.0 8789.5 9247.1 9478.1 12502.8 14500.9 17619.7 20912.4 23901.1 10210.6 10870.2 14193.0 16675.3 23934.2 25737.2 23890.7 28093.4 34548.3 43268.9 57736.5 63020.3 20621.4 25423.3 37489.7 43905.6 49959.3 60437.1 27038.2 33233.8 42550.2 50114.5 64359.6 70156.2 3269.3 2670.1 -2941.4 -636.7 7777.2 2583.2 13309.9 15914.3 16111.8 17704.7 31868.3 23632.5 -16419.4 -20702.9 -31635.3 -34931.7 -37069.4 -47055.1 40093.8 25213.6 1896.9 49104.3 72640.0 69142.2 3497.8 55573.1 17066.9 67074.1 7429.0 805.4 6623.6 1836.0 2983.7 116.9 7770.4 1803.9 5966.5 3700.8 9667.3 22.5 115.9 66.3 122.5 13.5 23.2 38.3 334.6 92.3 10.8 1.1 6.1 27.7 4.8 30.0 160.5 13.5 9.1 10.0 7.3 9.7 147.9 -5.7 11.2 33.5 52385.9 34782.1 2408.7 62875.5 61607.8 42007.4 2940.1 76555.7 73004.7 83071.8 92960.3 49754.5 56539.4 63103.9 3658.1 3944.0 4499.0 93023.4 114275.9 126124.2

87171.5 110281.7 131871.5 162877.9 166825.2 82957.1 105161.4 125413.4 155314.5 157804.0 4214.4 5120.3 6458.1 7563.4 9021.2 65776.1 83289.6 98764.6 123838.1 121469.2 21395.4 26992.1 33106.9 39039.8 45356.0 79290.6 99511.4 118916.8 148461.5 149817.2 9119.1 12020.6 14634.1 16861.4 19325.4 1188.4 1942.2 2469.3 3271.8 4100.2 7930.7 10078.4 12164.8 13589.6 15225.2 2125.3 2320.6 2919.6 3932.7 4565.6 2316.8 9853.7 5050.9 5043.2 8119.7 54.4 272.6 118.0 130.5 275.0 8969.3 3488.6 5480.7 5897.3 11378.0 20.9 110.5 67.7 112.1 12.6 38.9 51.8 439.5 91.0 13.0 1.4 7.5 26.8 4.6 26.8 250.6 7.8 9.1 11.8 8.6 9.6 138.6 18.0 20.0 43.9 1613.8 -2095.9 3709.7 844.2 4553.9 13.0 92.2 54.3 125.1 13.2 -129.9 18.5 427.1 90.2 16.2 1.8 12.1 23.0 4.7 29.6 78.7 29.0 9.1 12.7 9.7 7.9 144.1 7.6 26.5 42.7 10051.6 4194.3 5857.3 7852.4 13709.7 12.6 98.5 60.6 116.8 13.1 41.7 57.3 406.5 90.2 16.9 1.9 13.9 24.0 5.2 28.4 183.0 11.8 9.2 11.5 8.8 8.6 141.8 -9.4 19.6 40.7 15198.8 4613.7 10585.1 8557.7 19142.8 22.4 115.6 67.7 128.9 11.9 30.4 44.7 446.3 91.1 19.4 2.0 10.3 28.9 4.5 27.2 191.5 10.1 8.3 12.1 8.6 8.0 142.5 5.2 23.5 44.6 1370.6 2539.9 -1169.3 7038.9 5869.6 14.8 104.3 61.7 125.4 12.1 185.3 119.9 447.2 89.8 21.2 2.5 17.3 30.0 5.1 27.2 131.3 14.5 9.1 12.2 8.5 8.0 132.3 0.8 2.4 44.7

597

Miscelleneous

Operating, Financial & Investment Ratios

150

100
%

50

2004

2005 Gearing ratio

2006 Debt equity ratio

2007 Current ratio

2008

2009

AKD Capital Ltd. (Akd Securities & Safe Deposit Co. Ltd.)
Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

2.8 6.2 9.0 0.0 0.0 0.0 0.0 9.0 9.0 1.6 7.4 0.1 0.0 9.1 0.4 0.4 8.7 0.0 8.6 1.0 0.4 0.1 9.5 0.0 0.0 0.0 0.0 0.0 0.8 3.8 0.0 3.8 0.0 0.0 1.4 3.7 3.8 -0.1 3.9 3.8 0.0 2275.0 2275.0 4.4 40.0 102.7 102.6 321.4 0.0 0.0 42.2 0.0 13.6 13.6 25.0 0.0 195.7 -100.0 32.1

2005
25.1 25.3 50.4 0.0 0.0 0.0 0.0 50.4 32.1 32.1 0.0 0.2 115.0 147.3 100.9 100.9 46.4 0.0 -68.8 4.6 3.8 0.1 151.1 3.1 3.1 0.0 1.2 1.9 3.7 -0.6 0.0 -0.6 0.0 0.0 0.0 41.4 -0.6 42.0 -0.5 41.5 0.0 146.0 32.0 200.2 -0.4 -1.4 -1.2 200.8 119.4 0.0 0.0 -1.2 0.0 -19.4 -0.2 -0.2 25.0 2.1 -101.5 20.1

2006
25.1 -1.3 23.8 0.0 0.0 3.8 3.8 27.6 2.2 2.1 0.1 92.8 0.0 95.0 77.9 81.7 17.1 5.7 -75.7 13.2 10.5 1.9 105.5 0.0 0.0 0.0 0.0 0.0 25.8 -25.7 0.5 -26.2 0.0 0.0 0.0 -22.8 -26.2 3.4 -24.3 -20.9 13.8 122.0 122.0 343.3 -24.8 114.9 116.3 94.8 0.0 -1.9 0.0 8.8 0.0 0.0 -110.1 0.0 0.0 0.0 -10.4 -10.4 50.0 0.0 5100.0 -100.0 9.5

2007
25.1 -7.1 18.0 0.0 0.0 1.9 1.9 19.9 1.6 1.5 0.1 27.8 5.0 34.4 23.4 25.3 11.0 3.2 -21.8 13.3 8.8 1.8 43.2 0.0 0.0 0.0 0.0 0.0 5.4 -5.4 0.6 -6.0 0.0 0.0 0.0 -7.7 -6.0 -1.7 -4.2 -5.9 9.5 147.0 125.6 140.6 -13.9 77.9 71.2 71.7 0.0 -11.1 0.0 18.8 0.0 0.0 -33.3 0.0 0.0 0.0 -2.4 -2.4 17.1 0.0 -76.9 7.2

2008
25.1 -7.1 18.0 0.0 0.0 1.9 1.9 19.9 1.6 1.5 0.1 27.8 5.0 34.4 23.4 25.3 11.0 3.2 -21.8 13.3 8.8 1.8 43.2 0.0 0.0 0.0 0.0 0.0 5.4 -5.4 0.6 -6.0 0.0 0.0 0.0 0.0 -6.0 6.0 -4.2 1.8 9.5 147.0 125.6 140.6 -13.9 0.0 -233.3 71.7 0.0 -11.1 0.0 18.8 0.0 0.0 -33.3 0.0 0.0 0.0 -2.4 -2.4 17.1 0.0 0.0 7.2

2009
25.1 -10.3 14.8 0.0 0.0 0.0 0.0 14.8 0.4 0.4 0.0 45.2 0.0 45.6 37.9 37.9 7.7 0.3 -37.5 14.2 7.0 1.2 52.6 0.0 0.0 0.0 0.0 0.0 14.0 -14.0 0.2 -14.2 0.0 0.0 0.0 -5.1 -14.2 9.1 -13.0 -3.9 0.0 120.3 120.3 256.1 -27.0 278.4 333.3 59.0 0.0 -1.4 0.0 66.7 0.0 0.0 -95.9 0.0 0.0 0.0 -5.7 -5.7 14.8 0.0 137.5 5.9

599

Al-Khair Gadoon Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

100.0 27.6 127.6 0.0 0.0 0.0 0.0 127.6 30.9 0.9 30.0 36.7 37.5 105.1 27.0 27.0 78.1 13.4 3.9 92.3 49.5 4.0 154.6 63.5 63.5 0.0 55.1 8.4 62.0 6.3 0.7 5.6 1.7 5.0 0.0 -1.2 -1.1 -0.1 2.9 2.8 0.0 389.3 250.4 21.2 3.6 103.6 127.6 97.6 11.1 1.1 5.2 30.4 24.4 4.4 78.0 3.9 8.8 0.6 0.4 7.5 41.1 100.0 -7.0 12.8

2005
100.0 30.9 130.9 0.0 0.0 0.0 0.0 130.9 31.9 1.9 30.0 56.5 56.8 145.2 60.7 60.7 84.5 31.1 -28.8 92.3 46.4 3.8 191.6 82.3 82.3 0.0 71.3 11.0 80.6 6.0 0.8 5.2 1.8 5.0 0.0 3.3 -1.6 4.9 2.2 7.1 0.0 239.2 145.6 46.4 2.7 -48.5 31.0 130.9 97.9 13.3 1.0 2.6 34.6 20.7 4.0 68.0 3.8 6.3 0.5 0.3 7.7 43.0 -16.7 29.6 13.1

2006
100.0 33.3 133.3 0.0 0.0 0.0 0.0 133.3 31.9 1.9 30.0 58.2 73.9 164.0 78.0 78.0 86.0 20.5 -46.1 96.6 47.3 3.8 211.3 179.8 179.8 0.0 155.6 24.2 176.0 8.4 1.2 7.2 1.5 0.0 0.0 2.4 5.7 -3.3 9.5 6.2 0.0 210.3 115.5 58.5 3.4 237.5 153.2 133.3 97.9 14.3 0.7 5.9 20.8 11.5 5.4 0.0 0.0 4.0 0.7 0.6 8.2 85.1 40.0 118.5 13.3

2007
100.0 39.6 139.6 0.0 0.0 2.7 2.7 142.3 32.2 2.2 30.0 63.8 107.3 203.3 111.8 114.5 91.5 42.5 -79.6 104.8 50.9 5.1 254.2 275.2 275.2 0.0 238.3 36.9 276.6 2.2 4.5 -2.3 1.4 0.0 0.0 9.0 -3.7 12.7 1.4 14.1 1.9 181.8 85.9 82.0 -0.9 -41.1 9.9 139.6 100.5 204.5 1.6 10.6 -60.9 10.3 -1.6 0.0 0.0 -0.8 -0.2 -0.4 10.8 108.3 -128.6 53.1 14.0

2008
100.0 39.8 139.8 0.0 0.0 1.0 1.0 140.8 31.5 0.9 30.6 76.1 123.3 230.9 139.6 140.6 91.3 49.4 -108.1 107.3 49.4 5.1 280.3 259.7 259.7 0.0 223.8 35.9 254.6 10.5 1.8 8.7 1.8 10.0 0.0 -1.5 -3.1 1.6 2.0 3.6 0.7 165.4 77.1 100.6 3.1 206.7 55.6 139.8 98.0 17.1 0.7 3.6 20.7 13.3 6.2 69.0 7.2 3.4 0.9 0.7 10.0 92.7 -550.0 -5.6 14.0

2009
100.0 43.2 143.2 0.0 0.0 1.0 1.0 144.2 31.3 1.3 30.0 68.0 130.1 229.4 136.8 137.8 92.6 27.7 -105.5 114.1 51.6 4.9 281.0 232.1 232.1 0.0 197.5 34.6 225.6 11.8 2.0 9.8 0.5 0.0 0.0 3.4 9.3 -5.9 14.2 8.3 0.7 167.7 72.6 96.2 3.5 273.5 171.1 143.2 97.2 16.9 0.9 7.2 5.1 14.3 6.8 0.0 0.0 4.2 1.0 0.9 9.9 82.6 11.1 -10.6 14.3

600

Arpak International InvestmentsLtd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

40.0 47.0 87.0 0.0 0.0 0.0 0.0 87.0 77.0 61.8 15.2 5.1 0.0 82.1 2.8 2.8 79.3 0.0 74.2 0.0 7.6 0.0 89.7 2.0 2.0 0.0 2.3 -0.3 2.5 -0.2 0.0 -0.2 0.0 0.0 0.0 0.0 -0.2 0.2 -0.2 0.0 0.0 2932.1 2932.1 3.2 -0.2 217.5 125.0 0.0 0.0 -0.2 0.0 -10.0 -0.1 -0.1 0.0 2.2 -116.7 -57.4 21.8

2005
40.0 48.5 88.5 0.0 0.0 0.0 0.0 88.5 80.7 54.6 26.1 6.2 0.0 86.9 3.7 3.7 83.2 0.0 77.0 8.2 5.3 0.1 92.2 3.9 3.9 0.0 0.7 3.2 1.9 2.4 0.0 2.4 0.6 0.0 0.0 1.5 1.8 -0.3 1.9 1.6 0.0 2348.6 2348.6 4.2 2.6 120.0 118.8 221.3 48.7 0.0 0.0 25.0 0.0 2.7 0.0 61.5 0.6 0.5 1.3 4.2 -700.0 95.0 22.1

2006
40.0 52.1 92.1 0.0 0.0 0.0 0.0 92.1 83.7 59.8 23.9 2.8 0.0 86.5 1.7 1.7 84.8 0.0 82.0 10.4 7.3 0.1 93.8 6.4 6.4 0.0 0.0 6.4 1.8 4.6 0.0 4.6 1.3 0.0 0.0 3.6 3.3 0.3 3.4 3.7 0.0 5088.2 5088.2 1.8 4.9 91.7 91.9 230.3 28.1 0.0 0.0 0.0 28.3 0.0 5.0 0.0 0.0 71.9 1.2 0.8 1.4 6.8 100.0 64.1 23.0

2007
40.0 53.3 93.3 0.0 0.0 0.0 0.0 93.3 86.2 62.1 24.1 2.2 0.0 88.4 2.3 2.3 86.1 0.0 83.9 10.3 7.2 0.1 95.6 8.4 8.4 0.0 0.6 7.8 2.7 5.7 0.0 5.7 1.8 0.0 0.0 1.2 3.9 -2.7 4.0 1.3 0.0 3843.5 3843.5 2.5 6.0 325.0 307.7 233.3 32.1 0.0 0.0 0.0 31.6 0.0 6.1 0.0 0.0 67.9 1.4 1.0 1.4 8.8 16.7 31.3 23.3

2008
40.0 154.1 194.1 0.0 0.0 0.0 0.0 194.1 125.5 2.0 123.5 65.6 0.0 191.1 2.0 2.0 189.1 0.0 123.5 8.2 5.0 0.1 196.1 8.0 8.0 0.0 1.1 6.9 3.1 4.9 0.0 4.9 1.4 0.0 0.0 100.8 3.5 97.3 3.6 100.9 0.0 9555.0 9555.0 1.0 2.5 3.5 3.6 485.3 38.8 0.0 0.0 0.0 28.6 0.0 2.5 0.0 0.0 61.3 1.2 0.9 2.0 4.1 -14.3 -4.8 48.5

2009
40.0 177.0 217.0 0.0 0.0 0.0 0.0 217.0 154.0 13.7 140.3 62.7 0.0 216.7 4.6 4.6 212.1 0.0 149.4 8.2 5.0 0.1 221.7 9.8 9.8 0.0 3.3 6.5 3.3 20.4 0.0 20.4 2.2 0.0 0.0 22.9 18.2 4.7 18.3 23.0 0.0 4710.9 4710.9 2.1 9.2 79.5 79.6 542.5 33.7 0.0 0.0 0.0 10.8 0.0 9.4 0.0 0.0 208.2 5.1 4.6 2.0 4.4 325.0 22.5 54.3

601

Balochistan Glass Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

330.0 -15.2 314.8 0.0 0.0 249.3 249.3 564.1 3.9 3.9 0.0 527.6 387.1 918.6 1335.3 1584.6 -416.7 864.4 -1331.4 1369.7 980.8 84.2 1899.4 1033.2 648.2 385.0 771.5 261.7 925.2 108.3 91.4 16.9 6.7 0.0 0.0 -82.5 10.2 -92.7 94.4 1.7 44.2 68.8 39.8 503.4 0.9 5552.9 95.4 89.5 84.4 8.8 10.6 39.6 23.1 5.4 0.0 1.6 0.5 0.3 9.4 54.4 -61.5 74.9 9.5

2005
330.0 13.2 343.2 0.0 0.0 444.7 444.7 787.9 4.4 4.4 0.0 532.4 517.7 1054.5 1280.7 1725.4 -226.2 1017.6 -1276.3 1485.1 1014.1 93.8 2068.6 1295.0 1123.1 171.9 1031.9 263.1 1140.2 161.8 98.8 63.0 6.6 0.0 0.0 223.8 56.4 167.4 150.2 317.6 56.4 82.3 41.9 502.7 3.0 25.2 47.3 104.0 88.0 61.1 7.6 9.7 10.5 15.7 18.4 0.0 4.9 1.9 1.7 9.6 62.6 280.0 25.3 10.4

2006
429.0 44.2 473.2 0.0 0.0 286.6 286.6 759.8 12.6 12.6 0.0 589.8 554.8 1157.2 1606.7 1893.3 -449.5 995.1 -1594.1 1775.6 1209.2 96.8 2366.4 1322.3 1219.6 102.7 1094.4 227.9 1176.8 154.8 127.7 27.1 5.8 0.0 0.0 -28.1 21.3 -49.4 118.1 68.7 37.7 72.0 37.5 400.1 1.1 -75.8 171.9 110.3 89.0 82.5 9.7 12.8 21.4 15.5 5.7 0.0 0.0 2.0 0.6 0.5 9.5 55.9 -68.4 2.1 11.0

2007
429.0 -49.5 379.5 0.0 0.0 433.1 433.1 812.6 13.9 13.9 0.0 698.7 603.2 1315.8 1960.2 2393.3 -644.4 1477.1 -1946.3 2138.1 1457.1 114.8 2772.9 1369.9 1030.1 339.8 1201.2 168.7 1314.4 60.4 166.1 -105.7 6.2 0.0 0.0 52.8 -111.9 164.7 2.9 167.6 53.3 67.1 36.4 630.6 -3.8 -211.9 1.7 88.5 95.9 275.0 12.1 11.2 -5.9 16.9 -27.9 0.0 0.0 -7.7 -2.5 -2.6 9.5 49.4 -516.7 3.6 8.8

2008
858.0 -505.8 352.2 0.0 0.0 830.7 830.7 1182.9 17.2 17.2 0.0 825.0 586.5 1428.7 1568.5 2399.2 -139.8 1607.4 -1551.3 2158.2 1322.7 154.4 2751.4 1345.5 1140.6 204.9 1524.6 -179.1 1605.3 -258.6 217.7 -476.3 5.9 0.0 0.0 370.3 -482.2 852.5 -327.8 524.7 70.2 91.1 53.7 681.2 -17.3 -130.2 -62.5 41.0 119.3 -84.2 16.2 13.5 -1.2 25.2 -135.2 0.0 0.0 -35.4 -5.6 -5.6 10.6 48.9 124.0 -1.8 4.1

2009
858.0 -1014.1 -156.1 0.0 0.0 463.7 463.7 307.6 34.5 34.5 0.0 846.8 552.6 1433.9 2487.0 2950.7 -1053.1 1198.8 -2452.5 2335.2 1360.7 139.1 2794.6 1033.0 505.5 527.5 1220.4 -187.4 1332.1 -294.0 209.2 -503.2 5.2 0.0 0.0 -875.3 -508.4 -366.9 -369.3 -736.2 150.7 57.7 35.4 0.0 -18.0 58.1 50.2 -18.2 129.0 -71.2 20.3 17.5 -1.0 24.5 0.0 0.0 0.0 -48.7 -5.9 -5.9 10.5 37.0 5.4 -23.2 -1.8

602

Bata Pakistan Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

75.6 533.7 609.3 0.0 0.0 0.0 0.0 609.3 59.9 40.5 19.4 404.7 541.2 1005.8 663.0 663.0 342.8 168.6 -603.1 717.7 266.5 29.3 1272.3 2722.3 2548.9 173.4 1886.5 835.8 2553.1 197.4 19.2 178.2 60.6 22.7 0.0 104.6 94.9 9.7 124.2 133.9 0.0 151.7 70.1 108.8 14.0 90.7 92.8 806.0 93.8 9.7 0.7 11.4 34.0 11.5 29.2 518.1 3.7 6.5 23.6 15.6 11.6 214.0 30.4 2.0 80.6

2005
75.6 609.1 684.7 0.0 0.0 0.0 0.0 684.7 55.5 35.0 20.5 419.0 606.8 1081.3 679.2 679.2 402.1 215.8 -623.7 765.3 282.6 39.7 1363.9 2934.6 2734.9 199.7 1997.2 937.4 2768.8 168.6 40.1 128.5 54.4 34.0 0.0 75.4 40.1 35.3 79.8 115.1 0.0 159.2 69.9 99.2 9.4 53.2 69.3 905.7 94.4 23.8 1.4 18.6 42.3 10.8 18.8 217.9 5.0 4.4 17.0 9.8 14.9 215.2 -28.0 7.8 90.6

2006
75.6 622.0 697.6 0.0 0.0 0.0 0.0 697.6 104.9 82.8 22.1 260.3 716.7 1081.9 717.2 717.2 364.7 0.0 -612.3 850.0 332.7 39.0 1414.6 3309.6 3118.5 191.1 2196.8 1112.8 3116.9 199.9 33.2 166.7 64.7 0.0 0.0 12.9 102.0 -89.1 141.0 51.9 0.0 150.9 50.9 102.8 11.8 790.7 271.7 922.8 94.2 16.6 1.0 0.0 38.8 3.9 23.9 0.0 0.0 5.0 22.1 13.5 13.8 234.0 30.0 12.8 92.3

2007
75.6 897.4 973.0 0.0 0.0 0.0 0.0 973.0 271.5 247.7 23.8 422.1 770.0 1463.6 900.0 900.0 563.6 0.0 -628.5 967.9 409.4 39.0 1873.0 4271.9 4085.7 186.2 2634.8 1637.1 3749.7 527.4 23.4 504.0 137.3 60.5 0.0 275.4 306.2 -30.8 345.2 314.4 0.0 162.6 77.1 92.5 26.9 111.2 109.8 1287.0 87.8 4.4 0.5 0.0 27.2 5.7 51.8 606.1 6.2 11.8 66.7 48.5 11.7 228.1 201.8 29.1 128.7

2008
75.6 1360.1 1435.7 0.0 0.0 0.0 0.0 1435.7 119.7 89.0 30.7 334.8 1274.3 1728.8 841.2 841.2 887.6 0.0 -721.5 1138.9 548.2 66.1 2277.0 5521.1 5347.2 173.9 3357.0 2164.1 4843.2 691.0 27.3 663.7 173.3 60.5 0.0 462.7 429.9 32.8 496.0 528.8 0.0 205.5 54.0 58.6 29.1 92.9 93.8 1899.1 87.7 4.0 0.5 0.0 26.1 1.7 46.2 810.6 4.2 12.0 87.8 64.9 16.1 242.5 31.6 29.2 189.9

2009
75.6 1885.1 1960.7 0.0 0.0 0.0 0.0 1960.7 847.0 461.2 385.8 350.6 1281.9 2479.5 1101.3 1101.3 1378.2 0.0 -254.3 1140.8 582.4 66.1 3061.9 6428.5 6220.9 207.6 3756.3 2672.2 5592.9 848.2 35.2 813.0 220.5 90.7 0.0 525.0 501.8 23.2 567.9 591.1 0.0 225.1 108.7 56.2 26.6 95.6 96.1 2593.5 87.0 4.1 0.5 0.0 27.1 0.4 41.5 653.3 4.6 12.6 107.5 78.4 12.1 210.0 22.4 16.4 259.4

603

Clover Pakistan Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

54.6 87.7 142.3 0.0 0.0 0.7 0.7 143.0 122.9 122.9 0.0 32.7 86.9 242.5 147.9 148.6 94.6 1.5 -25.0 90.3 48.5 5.9 291.0 654.2 654.2 0.0 423.2 231.0 558.3 97.3 1.1 96.2 32.0 24.6 0.0 39.5 39.6 -0.1 45.5 45.4 0.5 164.0 105.2 104.4 33.1 100.3 100.2 260.6 85.3 1.1 0.2 73.3 33.3 3.2 67.6 261.0 17.3 14.7 17.6 11.8 14.2 224.8 -33.3 7.3 26.1

2005
54.6 159.5 214.1 0.0 0.0 0.3 0.3 214.4 197.6 172.6 25.0 25.8 72.4 295.8 120.9 121.2 174.9 0.7 76.7 95.4 39.5 14.4 335.3 744.7 744.7 0.0 494.1 250.6 641.2 107.6 1.5 106.1 38.1 24.6 0.0 71.4 43.4 28.0 57.8 85.8 0.1 244.7 184.8 56.6 31.6 60.8 67.4 392.1 86.1 1.4 0.2 214.3 35.9 2.0 49.6 276.4 11.5 14.2 19.4 12.5 29.7 222.1 10.2 13.8 39.2

2006
54.6 203.8 258.4 0.0 0.0 0.1 0.1 258.5 255.6 230.6 25.0 50.0 105.8 411.4 210.9 211.0 200.5 0.3 44.7 120.0 58.0 8.5 469.4 943.1 939.8 3.3 633.0 310.1 825.1 127.0 1.6 125.4 41.0 32.8 10.9 44.1 51.6 -7.5 60.1 52.6 0.0 195.1 144.9 81.7 26.7 117.0 114.3 473.3 87.5 1.3 0.2 533.3 32.7 3.8 48.5 257.3 12.7 13.3 23.0 15.5 21.5 200.9 18.6 26.6 47.3

2007
65.5 251.5 317.0 0.0 0.0 0.0 0.0 317.0 363.7 92.5 271.2 46.6 104.9 515.2 257.7 257.7 257.5 0.0 106.0 132.1 59.5 11.4 574.7 1159.0 1159.0 0.0 787.7 371.3 1032.5 134.7 2.4 132.3 48.0 29.5 13.1 58.5 54.8 3.7 66.2 69.9 0.0 199.9 159.2 81.3 23.0 93.7 94.7 484.0 89.1 1.8 0.2 0.0 36.3 3.1 41.7 285.8 9.3 11.4 20.2 12.9 19.7 201.7 -12.2 22.9 48.4

2008
78.6 300.4 379.0 0.0 0.0 0.0 0.0 379.0 218.7 72.9 145.8 118.3 208.9 545.9 249.1 249.1 296.8 0.0 -30.4 159.5 82.4 8.1 628.3 1383.2 1383.2 0.0 1008.5 374.7 1264.0 143.5 1.6 141.9 38.7 27.5 15.7 62.0 75.7 -13.7 83.8 70.1 0.0 219.1 135.3 65.7 22.6 122.1 119.5 482.2 91.4 1.1 0.1 0.0 27.3 5.7 37.4 375.3 7.3 10.3 18.1 13.1 13.6 220.1 -10.4 19.3 48.2

2009
94.3 259.7 354.0 0.0 0.0 0.0 0.0 354.0 200.8 140.2 60.6 186.0 230.1 616.9 368.9 368.9 248.0 0.0 -168.1 194.3 105.9 12.4 722.8 1035.6 1035.6 0.0 779.5 256.1 1022.9 20.4 6.2 14.2 6.4 0.0 0.0 -25.0 7.8 -32.8 20.2 -12.6 0.0 167.2 104.9 104.2 2.0 -31.2 -160.3 375.4 98.8 30.4 0.6 0.0 45.1 10.8 4.0 0.0 0.0 1.4 1.5 0.8 15.0 143.3 -91.7 -25.1 37.5

604

Dadabhoy Construction Tech. Ltd.(Pak German Prefabs Ltd.)

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2005

23.2 -71.9 -48.7 0.0 0.0 0.0 0.0 -48.7 2.3 2.3 0.0 1.3 2.2 5.8 66.9 66.9 -61.1 0.0 -64.6 42.0 12.4 1.0 18.2 6.0 6.0 0.0 1.9 4.1 11.4 -4.8 0.0 -4.8 0.0 0.0 0.0 3.9 -4.8 8.7 -3.8 4.9 8.7 5.4 -26.4 -123.1 -77.6 -209.9 190.0 0.0 3.3 -80.0 -2.1 -2.1 7.5 33.0 61.5 -21.0

2004
14.0 -66.6 -52.6 0.0 0.0 0.0 0.0 -52.6 0.0 0.0 0.0 0.5 0.0 0.5 66.3 66.3 -65.8 1.7 -66.3 27.6 13.3 1.1 13.8 0.0 0.0 0.0 0.0 0.0 1.8 -1.8 0.0 -1.8 0.0 0.0 0.0 -1.7 -1.8 0.1 -0.7 -0.6 0.8 0.8 -13.0 -375.7 0.0 -1.3 -1.3 7.7 0.0 -78.7 -37.6

2006
23.2 -67.9 -44.7 0.0 0.0 0.0 0.0 -44.7 2.6 2.6 0.0 0.8 4.5 7.9 59.4 59.4 -51.5 0.0 -56.8 18.7 6.8 0.8 14.7 4.7 4.7 0.0 2.1 2.6 5.4 4.0 0.0 4.0 0.0 0.0 0.0 4.0 4.0 0.0 4.8 4.8 0.0 13.3 5.7 0.0 27.2 100.0 100.0 -192.7 114.9 0.0 0.0 0.0 0.0 2.1 0.0 0.0 0.0 85.1 1.7 1.7 6.5 32.0 -181.0 -21.7 -19.3

2007
23.2 -67.4 -44.2 0.0 0.0 0.0 0.0 -44.2 0.6 0.6 0.0 1.4 4.3 6.3 57.0 57.0 -50.7 0.0 -56.4 18.8 6.6 0.4 12.9 4.8 4.8 0.0 2.8 2.0 4.2 0.6 0.0 0.6 0.0 0.0 0.0 0.5 0.6 -0.1 1.0 0.9 0.0 11.1 3.5 0.0 4.7 120.0 111.1 -190.5 87.5 0.0 0.0 0.0 0.0 6.3 0.0 0.0 0.0 12.5 0.3 0.3 5.9 37.2 -82.4 2.1 -19.1

2008
23.2 -66.3 -43.1 0.0 0.0 0.0 0.0 -43.1 0.7 0.7 0.0 2.1 4.8 7.6 57.0 57.0 -49.4 0.0 -56.3 18.8 6.2 0.4 13.8 3.4 3.4 0.0 1.5 1.9 2.4 1.1 0.0 1.1 0.0 0.0 0.0 1.1 1.1 0.0 1.5 1.5 0.0 13.3 4.9 0.0 8.0 100.0 100.0 -185.8 70.6 0.0 0.0 0.0 0.0 2.9 0.0 0.0 0.0 32.4 0.5 0.5 6.1 24.6 66.7 -29.2 -18.6

2009
23.2 -68.0 -44.8 0.0 0.0 0.0 0.0 -44.8 0.5 0.5 0.0 2.7 3.4 6.6 57.7 57.7 -51.1 0.0 -57.2 19.2 6.2 0.4 12.8 3.4 3.4 0.0 1.9 1.5 5.2 -1.8 0.0 -1.8 0.0 0.0 0.0 -1.7 -1.8 0.1 -1.4 -1.3 0.0 11.4 5.5 0.0 -14.1 105.9 107.7 -193.1 152.9 0.0 0.0 0.0 0.0 5.9 0.0 0.0 0.0 -52.9 -0.8 -0.8 6.5 26.6 -260.0 0.0 -19.3

605

Diamond Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

90.0 209.9 299.9 0.0 0.0 0.0 0.0 299.9 66.0 2.0 64.0 154.8 28.1 248.9 14.5 14.5 234.4 0.0 51.5 162.3 65.5 6.0 314.4 271.8 269.6 2.2 356.9 -85.1 411.7 -20.7 16.8 -37.5 1.2 0.0 0.0 25.3 -38.7 64.0 -32.7 31.3 0.0 1716.6 1522.8 4.8 -11.9 -153.0 -104.5 333.2 151.5 6.2 3.6 -12.5 0.0 -13.8 -4.2 -4.3 7.1 86.5 -1150.0 921.8 33.3

2005
90.0 279.7 369.7 0.0 0.0 0.0 0.0 369.7 33.1 1.3 31.8 203.7 10.9 247.7 58.8 58.8 188.9 0.0 -25.7 293.0 180.8 16.4 428.5 158.3 158.3 0.0 218.7 -60.4 249.7 7.7 7.6 0.1 1.2 0.0 0.0 69.8 -1.1 70.9 15.3 86.2 0.0 421.3 402.7 15.9 0.0 -1.6 17.7 410.8 157.7 98.7 4.8 1200.0 21.8 0.0 0.0 0.1 0.0 -0.1 25.0 36.9 -100.0 -41.8 41.1

2006
90.0 269.3 359.3 0.0 0.0 0.0 0.0 359.3 67.7 0.8 66.9 172.4 4.7 244.8 52.9 52.9 191.9 0.0 14.8 294.0 167.4 14.9 412.2 24.4 24.4 0.0 32.3 -7.9 42.7 -12.8 0.1 -12.9 0.3 0.0 0.0 -10.4 -13.2 2.8 1.7 4.5 0.0 462.8 453.9 14.7 -3.1 126.9 37.8 399.2 175.0 -0.8 0.4 0.0 -2.3 142.2 -3.6 0.0 0.0 -52.9 -1.4 -1.5 8.2 5.9 0.0 -84.6 39.9

2007
90.0 293.6 383.6 0.0 0.0 0.0 0.0 383.6 95.6 0.5 95.1 174.2 0.8 270.6 40.7 40.7 229.9 0.0 54.9 293.6 153.7 13.6 424.3 6.3 6.3 0.0 15.8 -9.5 19.5 -0.4 0.4 -0.8 0.1 0.0 0.0 24.3 -0.9 25.2 12.7 37.9 0.0 664.9 662.9 10.6 -0.2 -3.7 33.5 426.2 309.5 -100.0 6.3 0.0 -12.5 549.2 -0.2 0.0 0.0 -12.7 -0.1 -0.1 8.1 1.5 -92.9 -74.2 42.6

2008
90.0 331.6 421.6 0.0 0.0 0.0 0.0 421.6 162.3 0.7 161.6 164.5 0.0 326.8 46.6 46.6 280.2 0.0 115.7 293.6 141.4 12.3 468.2 0.0 0.0 0.0 9.5 -9.5 41.4 -24.9 0.0 -24.9 0.3 0.0 0.0 38.0 -25.2 63.2 -12.9 50.3 0.0 701.3 701.3 11.1 -5.3 -66.3 -25.6 468.4 0.0 0.0 0.0 0.0 -1.2 0.0 -5.9 0.0 0.0 0.0 -2.8 -2.8 8.0 0.0 2700.0 -100.0 46.8

2009
90.0 535.4 625.4 0.0 0.0 0.0 0.0 625.4 162.0 3.5 158.5 388.1 0.0 550.1 55.0 55.0 495.1 0.0 107.0 293.6 130.2 11.2 680.3 999.9 999.9 0.0 958.6 41.3 1015.7 193.5 0.0 193.5 0.1 0.0 0.0 203.8 193.4 10.4 204.6 215.0 0.0 1000.2 1000.2 8.8 28.4 94.9 95.2 694.9 101.6 0.0 0.0 0.0 0.1 11.1 30.9 0.0 0.0 19.4 21.5 21.5 7.9 147.0 -867.9 69.5

606

Dreamworld Ltd.
Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

320.0 10.1 330.1 0.0 0.0 0.0 0.0 330.1 4.2 4.2 0.0 23.3 0.0 27.5 46.6 46.6 -19.1 0.0 -42.4 439.3 349.1 14.0 376.6 167.5 167.5 0.0 147.3 20.2 164.5 12.1 0.8 11.3 0.8 1.1 0.0 1.0 9.4 -8.4 23.4 15.0 0.0 59.0 59.0 14.1 3.0 940.0 156.0 103.2 98.2 6.6 0.5 7.1 7.6 3.4 954.5 0.3 6.7 0.4 0.3 4.1 44.5 300.0 58.8 10.3

2005
320.0 16.9 336.9 0.0 0.0 0.0 0.0 336.9 5.3 5.3 0.0 20.5 0.0 25.8 55.3 55.3 -29.5 0.0 -50.0 471.9 366.3 16.9 392.1 239.1 239.1 0.0 206.1 33.0 234.8 10.3 1.5 8.8 1.1 0.0 0.0 6.8 7.7 -0.9 24.6 23.7 0.0 46.7 46.7 16.4 2.2 113.2 103.8 105.3 98.2 14.6 0.6 12.5 2.2 2.6 0.0 3.7 0.3 0.2 4.8 61.0 -25.0 42.7 10.5

2006
320.0 25.2 345.2 0.0 0.0 0.0 0.0 345.2 11.7 11.7 0.0 19.6 0.0 31.3 95.8 95.8 -64.5 0.0 -84.1 543.6 409.8 34.1 441.1 435.4 435.4 0.0 369.7 65.7 417.9 10.8 0.0 10.8 2.4 0.0 0.0 8.3 8.4 -0.1 42.5 42.4 0.0 32.7 32.7 27.8 2.4 101.2 100.2 107.9 96.0 0.0 0.0 0.0 22.2 1.2 3.1 0.0 0.0 2.5 0.3 0.3 9.3 98.7 0.0 82.1 10.8

2007
320.0 28.4 348.4 0.0 0.0 0.0 0.0 348.4 11.6 11.6 0.0 31.3 2.0 44.9 140.4 140.4 -95.5 0.0 -128.8 615.7 443.9 38.8 488.8 391.4 391.4 0.0 322.2 69.2 381.0 10.3 0.0 10.3 2.0 0.0 0.0 3.2 8.3 -5.1 47.1 42.0 0.0 32.0 30.6 40.3 2.1 259.4 112.1 108.9 97.3 0.0 0.0 0.0 19.4 1.6 3.0 0.0 0.0 2.6 0.3 0.3 9.5 80.1 0.0 -10.1 10.9

2008
320.0 20.3 340.3 0.0 0.0 0.0 0.0 340.3 7.3 7.3 0.0 37.5 0.0 44.8 136.3 136.3 -91.5 0.0 -129.0 639.1 431.7 36.7 476.5 321.6 321.6 0.0 272.4 49.2 327.3 -6.6 1.5 -8.1 1.6 0.0 0.0 -8.1 -9.7 1.6 27.0 28.6 0.0 32.9 32.9 40.1 -1.7 119.8 94.4 106.3 101.8 -22.7 0.5 0.0 -19.8 2.8 -2.4 0.0 0.0 -2.5 -0.3 -0.3 8.3 67.5 -200.0 -17.8 10.6

2009
320.0 25.2 345.2 0.0 0.0 0.0 0.0 345.2 6.9 6.9 0.0 44.7 0.0 51.6 134.7 134.7 -83.1 0.0 -127.8 670.9 428.4 35.1 480.0 314.2 314.2 0.0 244.3 69.9 308.8 5.4 1.5 3.9 0.1 32.0 0.0 4.9 -28.2 33.1 6.9 40.0 0.0 38.3 38.3 39.0 0.8 -575.5 17.3 107.9 98.3 27.8 0.5 0.0 2.6 3.5 1.1 11.9 9.3 1.2 0.1 0.1 8.1 65.5 -133.3 -2.3 10.8

607

Eco Pack Ltd.( Plastobag Ltd.)

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

57.1 200.1 257.2 0.0 0.0 161.6 161.6 418.8 3.0 3.0 0.0 108.1 75.7 186.8 339.1 500.7 -152.3 210.9 -336.1 0.0 571.1 0.0 757.9 509.6 509.6 0.0 399.0 110.6 451.0 61.6 19.5 42.1 2.2 5.7 28.5 201.0 34.2 166.8 34.2 201.0 38.6 55.1 32.8 194.7 5.6 17.0 17.0 450.4 88.5 31.7 3.8 9.2 5.2 12.0 16.4 700.0 2.2 8.3 7.4 7.0 0.0 67.2 722.2 49.8 45.0

2005
142.7 202.7 345.4 0.0 0.0 269.4 269.4 614.8 2.5 2.5 0.0 165.1 169.2 336.8 422.3 691.7 -85.5 376.7 -419.8 902.0 700.2 36.6 1037.0 865.9 865.9 0.0 710.7 155.2 783.5 85.9 32.6 53.3 3.8 0.0 21.4 196.0 49.5 146.5 86.1 232.6 43.8 79.8 39.7 200.3 5.1 25.3 37.0 242.0 90.5 38.0 3.8 8.7 7.1 11.8 15.4 0.0 6.2 3.7 3.5 6.4 83.5 -50.0 69.9 24.2

2006
164.1 249.3 413.4 0.0 0.0 334.4 334.4 747.8 7.0 7.0 0.0 243.0 227.0 477.0 562.7 897.1 -85.7 482.8 -555.7 1080.4 833.5 48.7 1310.5 1341.8 1341.8 0.0 1099.3 242.5 1196.7 148.5 57.4 91.1 5.8 0.0 21.4 133.0 85.3 47.7 134.0 181.7 44.7 84.8 44.4 217.0 7.0 64.1 73.7 251.9 89.2 38.7 4.3 11.9 6.4 10.1 22.0 0.0 0.0 6.8 5.6 5.2 7.0 102.4 51.4 55.0 25.2

2007
229.8 187.9 417.7 0.0 0.0 558.7 558.7 976.4 3.1 3.1 0.0 335.8 386.4 725.3 810.4 1369.1 -85.1 868.1 -807.3 1368.3 1061.4 62.6 1786.7 1463.4 1463.4 0.0 1262.7 200.7 1357.1 115.7 107.2 8.5 6.3 0.0 0.0 228.6 2.2 226.4 64.8 291.2 57.2 89.5 41.8 327.8 0.5 1.0 22.3 181.8 92.7 92.7 7.3 12.3 74.1 12.0 2.0 0.0 0.0 0.6 0.4 0.1 7.5 81.9 -92.9 9.1 18.2

2008
229.8 108.5 338.3 0.0 0.0 577.5 577.5 915.8 36.3 36.3 0.0 353.3 319.7 709.3 879.7 1457.2 -170.4 983.4 -843.4 1467.4 1086.2 77.8 1795.5 2056.6 2056.6 0.0 1907.9 148.7 2017.1 71.1 142.2 -71.1 8.8 0.0 0.0 -60.6 -79.9 19.3 -2.1 17.2 63.1 80.6 44.3 430.7 -4.0 131.8 -12.2 147.2 98.1 200.0 6.9 14.5 -12.4 12.3 -21.0 0.0 0.0 -3.5 -3.1 -3.5 7.3 114.5 -875.0 40.5 14.7

2009
229.8 163.7 393.5 0.0 0.0 433.0 433.0 826.5 0.8 0.8 0.0 347.1 231.8 579.7 1024.4 1457.4 -444.7 867.3 -1023.6 1730.6 1271.1 80.9 1850.8 1764.9 1764.9 0.0 1577.2 187.7 1681.6 89.6 195.4 -105.8 0.0 0.0 0.0 -89.3 -105.8 16.5 -24.9 -8.4 52.4 56.6 34.0 370.4 -5.7 118.5 296.4 171.2 95.3 218.1 11.1 22.5 0.0 12.5 -26.9 0.0 0.0 -6.0 -4.6 -4.6 7.4 95.4 48.4 -14.2 17.1

608

Emco Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

153.3 -249.4 -96.1 0.0 0.0 14.0 14.0 -82.1 13.1 13.1 0.0 352.7 202.7 568.5 975.8 989.8 -407.3 504.4 -962.7 873.2 325.1 32.4 893.6 857.6 760.2 97.4 662.7 194.9 760.1 100.6 62.5 38.1 3.8 0.0 0.0 -52.0 34.3 -86.3 66.7 -19.6 58.3 37.5 4.3 -62.7 88.6 62.1 7.3 12.4 10.0 12.9 4.4 2.5 2.2 10.2 96.0 -457.1 23.4 -6.3

2005
153.3 84.6 237.9 0.0 0.0 207.5 207.5 445.4 23.4 23.4 0.0 305.6 215.3 544.3 788.2 995.7 -243.9 525.6 -764.8 1289.8 689.4 41.9 1233.7 1014.4 906.5 107.9 793.3 221.1 923.0 158.9 53.7 105.2 4.5 0.0 0.0 527.5 100.7 426.8 142.6 569.4 46.6 69.1 41.7 418.5 8.5 19.1 25.0 155.2 91.0 33.8 5.3 10.2 4.3 18.3 44.2 0.0 10.4 6.9 6.6 12.9 82.2 176.0 18.3 15.5

2006
153.3 20.6 173.9 0.0 0.0 188.5 188.5 362.4 35.2 35.2 0.0 348.6 289.0 672.8 1002.1 1190.6 -329.3 718.2 -966.9 1328.5 691.7 71.0 1364.5 1179.0 1014.5 164.5 967.0 212.0 1118.1 69.3 83.7 -14.4 6.7 0.0 0.0 -83.0 -21.1 -61.9 49.9 -12.0 52.0 67.1 38.3 684.6 -1.1 25.4 -415.8 113.4 94.8 120.8 7.1 11.7 -46.5 19.8 -8.3 0.0 0.0 -1.2 -0.9 -1.4 10.3 86.4 -113.0 16.2 11.3

2007
153.3 288.1 441.4 0.0 0.0 279.5 279.5 720.9 50.3 50.3 0.0 324.6 292.3 667.2 959.6 1239.1 -292.4 807.5 -909.3 1714.6 1013.1 133.0 1680.3 1373.5 1223.0 150.5 1109.1 264.4 1268.5 109.9 99.0 10.9 6.0 0.0 0.0 358.5 4.9 353.6 137.9 491.5 38.8 69.5 39.1 280.7 0.6 1.4 28.1 287.9 92.4 90.1 7.2 12.3 55.0 14.9 2.5 0.0 0.0 0.8 0.7 0.3 19.2 81.7 -177.8 16.5 28.8

2008
153.3 264.9 418.2 0.0 0.0 344.1 344.1 762.3 38.6 38.6 0.0 382.2 361.0 781.8 1158.9 1503.0 -377.1 989.9 -1120.3 1924.2 1139.5 92.0 1921.3 1427.8 1348.6 79.2 1160.6 267.2 1337.9 96.5 112.0 -15.5 6.3 0.0 0.0 41.4 -21.8 63.2 70.2 133.4 45.1 67.5 36.3 359.4 -0.8 -52.7 52.6 272.8 93.7 116.1 7.8 11.3 -40.6 15.8 -3.7 0.0 0.0 -1.1 -1.0 -1.4 9.1 74.3 -242.9 4.0 27.3

2009
350.0 176.7 526.7 0.0 0.0 356.2 356.2 882.9 58.6 58.6 0.0 481.7 437.3 977.6 1255.6 1611.8 -278.0 997.4 -1197.0 2026.2 1160.8 85.7 2138.4 1550.5 1457.5 93.0 1283.5 267.0 1474.8 82.1 185.2 -103.1 1.2 0.0 0.0 120.6 -104.3 224.9 -18.6 206.3 40.3 77.9 43.0 306.0 -4.8 -86.5 -9.0 150.5 95.1 225.6 11.9 18.6 -1.2 18.0 -19.6 0.0 0.0 -6.6 -2.9 -3.0 9.5 72.5 190.0 8.6 15.0

609

Fateh Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

20.0 -139.7 -119.7 0.0 0.0 7.1 7.1 -112.6 0.0 0.0 0.0 119.1 0.0 119.1 320.6 327.7 -201.5 29.1 -320.6 172.8 88.9 9.5 208.0 0.0 0.0 0.0 0.0 0.0 9.7 -4.5 3.5 -8.0 0.0 0.0 0.0 -22.1 -8.0 -14.1 1.5 -12.6 37.1 37.1 -3.8 -598.5 12.0 -4.0 -4.0 9.7 0.0 900.0 -59.9

2005
20.0 -181.8 -161.8 0.0 0.0 0.0 0.0 -161.8 0.0 0.0 0.0 117.2 0.0 117.2 328.3 328.3 -211.1 17.9 -328.3 172.8 49.2 8.6 166.4 0.0 0.0 0.0 0.0 0.0 40.6 -39.4 2.7 -42.1 0.0 0.0 0.0 -49.2 -42.1 -7.1 -33.5 -40.6 35.7 35.7 -25.3 -809.0 15.1 -21.1 -21.1 9.7 0.0 427.5 -80.9

2006
20.0 -187.9 -167.9 0.0 0.0 0.0 0.0 -167.9 0.0 0.0 0.0 116.6 0.0 116.6 329.2 329.2 -212.6 0.0 -329.2 172.8 44.7 4.6 161.3 0.0 0.0 0.0 0.0 0.0 5.8 -5.4 0.7 -6.1 0.0 0.0 0.0 -6.1 -6.1 0.0 -1.5 -1.5 0.0 35.4 35.4 0.0 -3.8 100.0 100.0 -839.5 0.0 -13.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -3.1 -3.1 9.3 0.0 -85.3 -84.0

2007
20.0 -189.9 -169.9 0.0 0.0 0.0 0.0 -169.9 0.1 0.0 0.1 114.7 0.0 114.8 325.2 325.2 -210.4 0.0 -325.1 172.8 40.5 4.1 155.3 0.0 0.0 0.0 0.0 0.0 6.8 -2.1 0.0 -2.1 0.0 0.0 0.0 -2.0 -2.1 0.1 2.0 2.1 0.0 35.3 35.3 0.0 -1.4 105.0 95.2 -849.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -1.1 -1.1 9.2 0.0 -64.5 -85.0

2008
20.0 -188.7 -168.7 0.0 0.0 0.0 0.0 -168.7 0.2 0.0 0.2 121.8 0.0 122.0 327.5 327.5 -205.5 0.0 -327.3 172.8 36.8 3.7 158.8 0.0 0.0 0.0 0.0 0.0 6.2 1.2 0.0 1.2 0.0 0.0 0.0 1.2 1.2 0.0 4.9 4.9 0.0 37.3 37.3 0.0 0.8 100.0 100.0 -843.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.6 0.6 9.1 0.0 -154.5 -84.4

2009
20.0 -183.0 -163.0 0.0 0.0 0.0 0.0 -163.0 0.1 0.0 0.1 134.5 0.0 134.6 331.1 331.1 -196.5 0.0 -331.0 172.8 33.5 3.3 168.1 0.0 0.0 0.0 0.0 0.0 6.5 5.7 0.0 5.7 0.0 0.0 0.0 5.7 5.7 0.0 9.0 9.0 0.0 40.7 40.7 0.0 3.4 100.0 100.0 -815.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.9 2.9 9.0 0.0 383.3 -81.5

610

Frontier Ceramics Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

77.4 223.9 301.3 0.0 0.0 157.5 157.5 458.8 0.7 0.7 0.0 108.3 170.3 279.3 184.3 341.8 95.0 212.3 -183.6 579.1 363.8 13.2 643.1 49.7 49.7 0.0 57.8 -8.1 80.6 -27.0 4.2 -31.2 0.2 0.0 0.0 107.9 -31.4 139.3 -18.2 121.1 34.3 151.5 59.1 113.4 -4.9 -29.1 -15.0 389.3 162.2 8.5 2.0 124.7 -10.4 0.0 -62.8 -4.0 -4.1 4.2 7.7 400.0 -65.6 38.9

2005
77.4 77.3 154.7 0.0 0.0 3.0 3.0 157.7 0.0 0.0 0.0 83.9 48.5 132.4 323.6 326.6 -191.2 89.0 -323.6 516.7 348.9 13.6 481.3 0.0 0.0 0.0 0.0 0.0 157.5 -134.2 2.4 -136.6 0.0 0.0 0.0 -301.1 -136.6 -164.5 -123.0 -287.5 1.9 40.9 25.9 211.1 -28.4 199.9 2.7 -88.3 0.0 -17.6 -17.6 3.7 0.0 340.0 -100.0 20.0

2006
77.4 58.2 135.6 0.0 0.0 0.0 0.0 135.6 0.5 0.5 0.0 86.4 61.1 148.0 347.8 347.8 -199.8 84.0 -347.3 0.0 335.4 0.0 483.4 5.4 5.4 0.0 10.0 -4.6 14.4 -8.7 0.0 -8.7 0.0 0.0 0.0 -22.1 -8.7 -13.4 -8.7 -22.1 0.0 42.6 25.0 256.5 -1.8 39.4 39.4 175.2 266.7 0.0 0.0 0.0 0.0 1161.1 -6.4 0.0 0.0 -161.1 -1.1 -1.1 0.0 1.1 -93.8 17.5

2007
77.4 38.9 116.3 0.0 0.0 0.0 0.0 116.3 0.3 0.3 0.0 96.2 91.2 187.7 424.3 424.3 -236.6 0.0 -424.0 610.7 352.9 13.6 540.6 56.7 56.7 0.0 62.6 -5.9 74.5 -17.2 0.2 -17.4 0.2 0.0 0.0 -19.3 -17.6 -1.7 -4.0 -5.7 0.0 44.2 22.7 364.8 -3.2 91.2 70.2 150.3 131.4 -1.2 0.4 0.0 -1.1 126.8 -15.0 0.0 0.0 -30.7 -2.2 -2.3 4.1 10.5 100.0 950.0 15.0

2008
77.4 -66.3 11.1 0.0 0.0 283.4 283.4 294.5 1.0 1.0 0.0 41.6 57.9 100.5 150.6 434.0 -50.1 283.4 -149.6 617.2 344.6 14.8 445.1 94.3 94.3 0.0 179.2 -84.9 205.7 -104.5 0.2 -104.7 0.4 0.0 0.0 178.2 -105.1 283.3 -90.3 193.0 96.2 66.7 28.3 3909.9 -23.5 -59.0 -46.8 14.3 218.1 -0.2 0.2 0.1 -0.4 24.4 -943.2 0.0 0.0 -111.0 -13.5 -13.6 4.2 21.2 513.6 66.3 1.4

2009
77.4 27.1 104.5 0.0 0.0 88.9 88.9 193.4 3.6 3.6 0.0 34.5 68.3 106.4 250.1 339.0 -143.7 143.5 -246.5 624.0 337.0 14.3 443.4 124.2 124.2 0.0 121.8 2.4 143.6 94.4 0.8 93.6 0.2 0.0 0.0 -101.1 93.4 -194.5 107.7 -86.8 46.0 42.5 15.2 324.4 21.1 -92.4 -124.1 135.0 115.6 0.8 0.6 0.6 0.2 10.8 89.6 0.0 0.0 75.4 12.1 12.1 4.1 28.0 -189.6 31.7 13.5

611

Gammon Pakistan Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

50.0 3.4 53.4 0.0 0.0 0.6 0.6 54.0 43.5 21.8 21.7 143.4 0.7 187.6 180.7 181.3 6.9 5.6 -137.2 136.3 47.2 4.9 234.8 59.6 59.6 0.0 63.5 -3.9 83.3 -19.9 0.6 -20.5 5.7 0.0 0.0 -9.9 -26.2 16.3 -21.3 -5.0 1.1 103.8 103.4 339.5 -8.7 106.8 139.8 1.0 10.7 180.4 -38.4 0.0 -34.4 -4.1 -5.2 9.6 25.4 -73.4 -2.6 10.7

2005
50.0 -3.6 46.4 0.0 0.0 1.9 1.9 48.3 52.5 30.8 21.7 169.2 0.0 221.7 218.1 220.0 3.6 13.0 -165.6 135.0 44.7 4.4 266.4 257.0 257.0 0.0 241.9 15.1 263.1 4.6 1.3 3.3 10.5 0.0 0.0 -5.7 -7.2 1.5 -2.8 -1.3 3.9 101.7 101.7 474.1 1.2 92.8 102.4 28.3 0.5 10.0 318.2 0.0 7.1 0.0 1.3 0.7 -1.4 9.3 96.5 -117.1 331.2 9.3

2006
50.0 83.9 133.9 0.0 0.0 0.9 0.9 134.8 74.7 58.9 15.8 28.6 197.0 300.3 312.5 313.4 -12.2 35.8 -237.8 241.5 147.0 4.4 447.3 532.2 532.2 0.0 491.4 40.8 510.0 15.5 2.0 13.5 16.0 0.0 0.0 86.5 -2.5 89.0 1.9 90.9 0.7 96.1 33.1 234.1 3.0 -2.9 2.1 267.8 95.8 12.9 0.4 5.6 118.5 0.0 10.1 0.0 0.0 2.5 2.7 -0.5 9.8 119.0 285.7 107.1 26.8

2007
50.0 70.3 120.3 0.0 0.0 0.3 0.3 120.6 55.0 48.5 6.5 330.8 0.0 385.8 431.7 432.0 -45.9 15.9 -376.7 248.3 166.4 5.4 552.2 795.4 795.4 0.0 749.8 45.6 775.7 38.1 13.2 24.9 31.9 0.0 0.0 -14.2 -7.0 -7.2 -1.6 -8.8 0.2 89.4 89.4 359.1 4.5 49.3 18.2 240.6 97.5 34.6 1.7 83.0 128.1 33.0 20.7 0.0 0.0 3.1 5.0 -1.4 3.7 144.0 85.2 49.5 24.1

2008
80.8 62.5 143.3 0.0 0.0 0.6 0.6 143.9 83.6 22.2 61.4 342.0 0.0 425.6 427.0 427.6 -1.4 1.0 -343.4 186.9 145.4 4.1 571.0 412.3 412.3 0.0 375.8 36.5 413.4 -20.5 14.5 -35.0 6.0 0.0 0.0 23.3 -41.0 64.3 -36.9 27.4 0.4 99.7 99.7 298.4 -6.1 -176.0 -134.7 177.4 100.3 -70.7 3.5 1450.0 -17.1 62.7 -24.4 0.0 0.0 -8.5 -4.3 -5.1 3.0 72.2 -186.0 -48.2 17.7

2009
282.7 225.7 508.4 0.0 0.0 0.5 0.5 508.9 163.8 72.6 91.2 320.6 0.0 484.4 201.5 202.0 282.9 5.6 -37.7 272.9 226.0 5.3 710.4 255.4 255.4 0.0 230.6 24.8 258.5 37.9 9.1 28.8 1.1 0.0 0.0 365.0 27.7 337.3 33.0 370.3 0.1 240.4 240.4 39.7 4.1 7.6 8.9 179.8 101.2 24.0 3.6 162.5 3.8 0.0 5.7 0.0 0.0 11.3 1.0 1.0 3.6 36.0 -123.3 -38.1 18.0

612

Ghani Glass Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

241.7 570.9 812.6 0.0 0.0 49.2 49.2 861.8 56.7 56.7 0.0 321.4 246.9 625.0 234.5 283.7 390.5 49.2 -177.8 730.2 471.3 23.7 1096.3 959.7 917.8 41.9 679.4 280.3 737.8 231.1 0.0 231.1 31.7 24.2 60.4 264.2 175.2 89.0 198.9 287.9 5.7 266.5 161.2 34.9 21.1 66.3 69.1 336.2 76.9 0.0 0.0 0.0 13.7 18.8 28.4 824.0 3.0 24.1 9.6 8.2 12.2 87.5 -21.3 51.8 33.6

2005
302.1 755.0 1057.1 0.0 0.0 44.3 44.3 1101.4 57.2 7.2 50.0 549.5 256.1 862.8 280.3 324.6 582.5 180.7 -223.1 827.3 518.8 50.3 1381.6 1617.8 1562.9 54.9 1258.6 359.2 1340.1 297.8 4.8 293.0 78.4 24.2 15.1 239.6 190.4 49.2 240.7 289.9 4.0 307.8 216.4 30.7 21.2 79.5 83.0 349.9 82.8 1.6 0.3 2.7 26.8 15.4 27.7 886.8 2.3 18.1 9.7 7.1 10.7 117.1 1.0 68.6 35.0

2006
639.8 1581.1 2220.9 0.0 0.0 73.7 73.7 2294.6 32.5 32.5 0.0 1088.9 462.6 1584.0 1184.1 1257.8 399.9 455.0 -1151.6 2402.6 1894.6 194.5 3478.6 3106.0 2886.9 219.1 2396.5 709.5 2630.6 615.3 56.9 558.4 15.4 191.9 159.9 1193.2 351.1 842.1 545.6 1387.7 3.2 133.8 94.7 56.6 16.1 29.4 39.3 347.1 84.7 9.2 1.8 12.5 2.8 13.5 25.1 283.0 8.6 18.0 8.7 8.5 10.6 89.3 -10.3 92.0 34.7

2007
799.7 1737.3 2537.0 0.0 0.0 24.8 24.8 2561.8 139.8 133.2 6.6 1331.6 550.8 2022.2 1413.6 1438.4 608.6 547.8 -1273.8 2666.1 1953.4 204.9 3975.6 3594.4 3212.9 381.5 2817.3 777.1 3166.6 521.5 45.9 475.6 14.4 159.9 40.0 267.2 301.3 -34.1 506.2 472.1 1.0 143.1 104.1 56.7 12.0 112.8 107.2 317.2 88.1 8.8 1.3 8.4 3.0 10.6 18.7 288.4 6.3 13.2 5.9 5.8 10.8 90.4 -32.2 15.7 31.7

2008
839.7 2076.4 2916.1 0.0 0.0 41.7 41.7 2957.8 50.7 44.1 6.6 1710.7 658.1 2419.5 1722.9 1764.6 696.6 557.4 -1672.2 3158.5 2261.0 188.3 4680.5 4621.2 3960.9 660.3 3376.9 1244.3 3834.6 878.8 71.0 807.8 131.0 167.9 42.0 396.0 508.9 -112.9 697.2 584.3 1.4 140.4 102.2 60.5 17.3 128.5 119.3 347.3 83.0 8.1 1.5 12.7 16.2 9.2 27.7 403.1 5.8 17.5 9.6 8.1 9.6 98.7 62.7 28.6 34.7

2009
881.7 2579.2 3460.9 0.0 0.0 32.0 32.0 3492.9 124.7 34.5 90.2 1422.7 792.3 2339.7 1483.3 1515.3 856.4 183.8 -1358.6 3758.8 2636.5 230.0 4976.2 5191.8 4491.9 699.9 3665.6 1526.2 4184.2 1086.5 93.1 993.4 248.1 264.5 88.2 535.1 480.8 54.3 710.8 765.1 0.9 157.7 104.3 43.8 20.0 89.9 92.9 392.5 80.6 8.6 1.8 50.7 25.0 6.7 28.7 281.8 7.6 19.1 11.3 8.5 10.2 104.3 17.7 12.3 39.3

613

Ghani Value Glass Limited

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

-

2005
-

2006
-

2007
-

2008
-

2009
75.4 41.4 116.8 0.0 0.0 0.0 0.0 116.8 3.5 3.5 0.0 51.8 57.4 112.7 171.1 171.1 -58.4 0.0 -167.6 186.3 175.2 3.8 287.9 265.3 229.2 36.1 244.9 20.4 266.0 7.1 0.6 6.5 0.1 6.0 0.0 0.4 4.2 0.0 65.9 32.3 146.5 2.3 0.0 0.0 154.9 100.3 8.5 0.2 0.0 1.5 8.2 5.6 106.7 5.1 2.5 0.9 0.8 28.6 92.2 -10.0 15.5

614

Gillette Pakistan Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

192.0 20.2 212.2 0.0 0.0 0.0 0.0 212.2 206.4 170.2 36.2 32.1 35.5 274.0 75.1 75.1 198.9 0.0 131.3 29.8 13.3 3.9 287.3 572.9 572.9 0.0 419.7 153.2 553.2 28.9 0.3 28.6 21.8 0.0 0.0 -26.3 6.8 -33.1 10.7 -22.4 0.0 364.8 317.6 35.4 10.0 110.5 96.6 1.0 0.1 76.2 1.2 13.5 0.0 5.0 1.5 0.4 20.7 199.4 -76.6 -9.1 11.1

2005
192.0 36.1 228.1 0.0 0.0 0.0 0.0 228.1 245.0 232.0 13.0 58.8 18.7 322.5 107.9 107.9 214.6 0.0 137.1 29.3 13.6 4.6 336.1 817.7 817.7 0.0 618.5 199.2 790.4 44.1 0.2 43.9 37.5 0.0 0.0 15.9 6.4 9.5 11.0 20.5 0.0 298.9 281.6 47.3 13.1 40.3 53.7 118.8 96.7 0.5 0.0 85.4 4.6 19.2 0.0 5.4 2.3 0.3 34.6 243.3 53.3 42.7 11.9

2006
192.0 60.3 252.3 0.0 0.0 0.0 0.0 252.3 21.2 21.2 0.0 254.1 66.9 342.2 92.0 92.0 250.2 0.0 -70.8 14.7 2.0 3.1 344.2 662.1 662.1 0.0 491.4 170.7 630.2 50.6 0.1 50.5 34.2 0.0 0.0 24.2 16.3 7.9 19.4 27.3 0.0 372.0 299.2 36.5 14.7 67.4 71.1 131.4 95.2 0.2 0.0 0.0 67.7 8.2 20.0 0.0 0.0 7.6 2.6 0.8 22.8 192.4 13.0 -19.0 13.1

2007
192.0 37.3 229.3 0.0 0.0 0.0 0.0 229.3 131.0 131.0 0.0 270.1 129.2 530.3 304.8 304.8 225.5 0.0 -173.8 16.0 3.8 3.0 534.1 743.8 743.8 0.0 577.6 166.2 736.1 27.9 0.3 27.6 50.7 0.0 0.0 -23.0 -23.1 0.1 -20.1 -20.0 0.0 174.0 131.6 132.9 5.2 100.4 100.5 119.4 99.0 1.1 0.0 0.0 183.7 13.3 12.0 0.0 0.0 3.7 1.4 -1.2 150.0 139.3 -46.2 12.3 11.9

2008
192.0 71.7 263.7 0.0 0.0 0.0 0.0 263.7 68.3 68.3 0.0 229.1 143.4 440.8 179.5 179.5 261.3 0.0 -111.2 4.3 2.4 2.7 443.2 1449.3 1449.3 0.0 1118.5 330.8 1414.4 73.1 0.7 72.4 65.2 9.6 0.0 34.4 -2.4 36.8 0.3 37.1 0.0 245.6 165.7 68.1 16.3 -7.0 0.8 137.3 97.6 1.0 0.0 0.0 90.1 12.2 27.5 75.0 3.6 5.0 3.8 0.4 135.0 327.0 171.4 94.9 13.7

2009
192.0 171.4 363.4 0.0 0.0 0.0 0.0 363.4 8.1 8.1 0.0 470.6 145.4 624.1 261.9 261.9 362.2 0.0 -253.8 3.4 1.3 0.7 625.4 727.6 727.6 0.0 460.1 267.5 655.2 125.0 0.3 124.7 20.1 0.0 0.0 99.7 104.6 -4.9 105.3 100.4 0.0 238.3 182.8 72.1 19.9 104.9 104.9 189.3 90.0 0.2 0.0 0.0 16.1 13.5 34.3 0.0 0.0 17.1 6.5 5.4 29.2 116.3 71.1 -49.8 18.9

615

Goodluck Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

3.0 7.7 10.7 0.0 0.0 0.0 0.0 10.7 0.4 0.4 0.0 2.4 11.8 14.6 7.3 7.3 7.3 4.2 -6.9 14.1 3.4 0.5 18.0 194.7 194.7 0.0 188.0 6.7 192.3 2.4 0.0 2.4 1.0 0.6 0.0 1.2 0.8 0.4 1.3 1.7 0.0 200.0 38.4 68.2 13.3 66.7 76.5 356.7 98.8 0.0 0.0 0.0 41.7 0.1 22.4 233.3 5.6 1.2 8.0 4.7 20.8 1081.7 -8.0 -6.3 35.7

2005
3.0 9.0 12.0 0.0 0.0 0.0 0.0 12.0 0.3 0.3 0.0 2.4 9.9 12.6 3.7 3.7 8.9 0.0 -3.4 14.2 3.0 0.5 15.6 219.7 219.7 0.0 212.9 6.8 217.6 2.1 0.0 2.1 1.1 0.6 0.0 1.3 0.4 0.9 0.9 1.8 0.0 340.5 73.0 30.8 13.5 30.8 50.0 400.0 99.0 0.0 0.0 52.4 0.1 17.5 166.7 5.0 1.0 7.0 3.3 14.7 1408.3 -12.5 12.8 40.0

2006
3.0 9.9 12.9 0.0 0.0 0.0 0.0 12.9 0.5 0.5 0.0 2.6 10.2 13.3 3.1 3.1 10.2 0.0 -2.6 14.2 2.7 0.4 16.0 238.0 238.0 0.0 231.3 6.7 235.9 2.1 0.1 2.0 1.2 0.6 0.0 0.9 0.2 0.7 0.6 1.3 0.0 429.0 100.0 24.0 12.5 22.2 46.2 430.0 99.1 4.8 0.0 0.0 60.0 0.2 15.5 133.3 4.7 0.8 6.7 2.7 13.3 1487.5 -4.3 8.3 43.0

2007
3.0 6.1 9.1 0.0 0.0 0.0 0.0 9.1 1.8 1.8 0.0 2.0 12.3 16.1 9.5 9.5 6.6 2.8 -7.7 14.3 2.4 0.3 18.5 238.9 238.9 0.0 230.5 8.4 236.0 2.9 0.0 2.9 1.2 0.6 0.0 -3.8 1.1 -4.9 1.4 -3.5 0.0 169.5 40.0 104.4 15.7 -28.9 -40.0 303.3 98.8 0.0 0.0 0.0 41.4 0.4 31.9 283.3 6.6 1.2 9.7 5.7 11.1 1291.4 44.8 0.4 30.3

2008
3.0 7.4 10.4 0.0 0.0 0.0 0.0 10.4 5.1 5.1 0.0 2.1 6.9 14.1 7.2 7.2 6.9 0.0 -2.1 15.7 3.4 0.4 17.5 301.7 301.7 0.0 292.6 9.1 298.2 3.5 0.1 3.4 1.5 0.6 0.0 1.3 1.3 0.0 1.7 1.7 0.0 195.8 100.0 69.2 19.4 100.0 100.0 346.7 98.8 2.9 0.0 0.0 44.1 0.5 32.7 316.7 5.8 1.1 11.3 6.3 16.7 1724.0 16.5 26.3 34.7

2009
3.0 9.2 12.2 0.0 0.0 0.0 0.0 12.2 1.6 1.6 0.0 1.5 14.4 17.5 8.4 8.4 9.1 0.0 -6.8 15.7 3.0 0.4 20.5 428.3 428.3 0.0 417.2 11.1 423.5 4.8 0.2 4.6 1.9 0.6 0.0 1.8 2.1 -0.3 2.5 2.2 0.0 208.3 36.9 68.9 22.4 116.7 113.6 406.7 98.9 4.2 0.0 0.0 41.3 0.3 37.7 450.0 4.9 1.1 15.3 9.0 11.8 2089.3 35.4 42.0 40.7

616

Grays Of Cambridge (Pakistan) Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

16.3 228.8 245.1 0.0 0.0 0.0 0.0 245.1 123.0 46.0 77.0 105.4 40.8 269.2 46.4 46.4 222.8 0.0 76.6 44.9 22.4 3.1 291.6 97.2 2.2 95.0 63.4 33.8 89.3 32.2 0.7 31.5 3.3 32.7 0.0 95.5 -4.5 100.0 -1.4 98.6 0.0 580.2 492.2 18.9 10.8 -4.7 -1.4 1503.7 91.9 2.2 0.7 10.5 24.2 12.9 86.2 13.3 32.4 19.3 17.3 16.0 33.3 -15.4 -3.6 150.4

2005
16.3 283.4 299.7 0.0 0.0 0.0 0.0 299.7 134.8 14.2 120.6 106.5 47.8 289.1 14.3 14.3 274.8 0.0 120.5 50.2 24.9 3.6 314.0 100.5 0.0 100.5 61.1 39.4 91.6 26.3 0.7 25.6 2.7 0.0 0.0 54.6 22.9 31.7 26.5 58.2 0.0 2021.7 1687.4 4.8 8.2 41.9 45.5 1838.7 91.1 2.7 0.7 10.5 17.2 8.5 0.0 25.5 15.7 14.0 16.1 32.0 -18.7 3.4 183.9

2006
16.3 263.4 279.7 0.0 0.0 0.0 0.0 279.7 134.2 32.3 101.9 82.9 51.9 269.0 17.6 17.6 251.4 0.0 116.6 56.7 28.4 3.3 297.4 120.3 4.0 116.3 74.6 45.7 107.7 29.9 0.8 29.1 4.1 28.6 0.0 -20.0 -3.6 -16.4 -0.3 -16.7 0.0 1528.4 1233.5 6.3 9.8 18.0 1.8 1716.0 89.5 2.7 0.7 0.0 14.1 19.3 10.4 87.4 10.2 24.2 17.9 15.3 13.3 40.5 14.0 19.7 171.6

2007
16.3 252.3 268.6 0.0 0.0 0.0 0.0 268.6 133.3 27.3 106.0 75.3 55.1 263.7 21.4 21.4 242.3 0.0 111.9 56.2 26.4 3.0 290.1 130.1 6.7 123.4 84.4 45.7 118.8 24.2 0.9 23.3 3.3 28.6 0.0 -11.1 -8.6 -2.5 -5.6 -8.1 0.0 1232.2 974.8 8.0 8.0 77.5 69.1 1647.9 91.3 3.7 0.7 0.0 14.2 21.8 8.7 69.9 10.6 17.9 14.3 12.3 10.6 44.8 -20.1 8.1 164.8

2008
16.3 232.0 248.3 0.0 0.0 0.0 0.0 248.3 106.2 4.2 102.0 61.7 63.9 231.8 19.7 19.7 212.1 0.0 86.5 67.3 36.2 3.7 268.0 138.6 5.2 133.4 89.7 48.9 126.1 11.7 0.7 11.0 2.5 16.3 0.0 -20.3 -7.8 -12.5 -4.1 -16.6 0.0 1176.6 852.3 7.9 4.1 38.4 24.7 1523.3 91.0 6.0 0.5 0.0 22.7 16.6 4.4 52.1 6.6 7.9 6.7 5.2 14.0 51.7 -53.1 6.5 152.3

2009
16.3 206.9 223.2 0.0 0.0 0.0 0.0 223.2 86.0 10.6 75.4 48.2 72.0 206.2 18.9 18.9 187.3 0.0 67.1 70.2 36.0 4.4 242.2 134.6 7.8 126.8 80.9 53.7 115.4 -7.4 0.7 -8.1 1.7 4.1 57.2 -25.1 -13.9 -11.2 -9.5 -20.7 0.0 1091.0 710.1 8.5 -3.3 55.4 45.9 1369.3 85.7 -9.5 0.5 0.0 -21.0 16.8 -3.6 -239.0 1.8 -6.0 -5.0 -6.0 12.2 55.6 -174.6 -2.9 136.9

617

Hashimi Can Company Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

16.3 49.0 65.3 0.0 0.0 16.0 16.0 81.3 2.4 2.4 0.0 24.5 10.4 37.3 55.0 71.0 -17.7 18.8 -52.6 141.1 99.0 1.2 136.3 72.2 67.3 4.9 59.5 12.7 69.0 3.7 3.3 0.4 0.0 0.0 0.0 16.1 0.4 15.7 1.6 17.3 19.7 67.8 48.9 108.7 0.3 2.5 9.2 400.6 95.6 89.2 4.6 17.6 0.0 11.1 0.6 0.0 0.6 0.2 0.2 1.2 53.0 -105.9 19.3 40.1

2005
16.3 44.3 60.6 0.0 0.0 16.0 16.0 76.6 1.1 1.1 0.0 24.1 10.8 36.0 57.4 73.4 -21.4 18.3 -56.3 141.1 98.0 1.1 134.0 60.3 53.9 6.4 52.7 7.6 62.4 -1.6 3.1 -4.7 0.0 0.0 0.0 -4.7 -4.7 0.0 -3.6 -3.6 20.9 62.7 43.9 121.1 -3.5 371.8 103.5 5.1 16.9 11.9 -7.8 0.0 -7.8 -2.9 -2.9 1.1 45.0 -1550.0 -16.5 37.2

2006
16.3 34.3 50.6 0.0 0.0 16.0 16.0 66.6 0.3 0.3 0.0 22.8 11.1 34.2 64.5 80.5 -30.3 18.2 -64.2 141.1 97.0 0.9 131.2 36.0 32.6 3.4 33.7 2.3 42.6 -6.1 3.9 -10.0 0.0 0.0 0.0 -10.0 -10.0 0.0 -9.1 -9.1 24.0 53.0 35.8 159.1 -7.6 100.0 100.0 310.4 118.3 -63.9 10.8 21.4 0.0 17.8 -19.8 0.0 0.0 -27.8 -6.1 -6.1 0.9 27.4 110.3 -40.3 31.0

2007
16.3 21.8 38.1 0.0 0.0 16.0 16.0 54.1 0.4 0.4 0.0 22.9 8.7 32.0 74.2 90.2 -42.2 18.2 -73.8 141.2 96.2 0.9 128.2 25.1 20.2 4.9 25.0 0.1 33.9 -7.6 4.0 -11.6 1.0 0.0 0.0 -12.5 -12.6 0.1 -11.7 -11.6 29.6 43.1 31.4 236.7 -9.0 100.8 100.9 233.7 135.1 -52.6 15.9 22.0 -8.6 24.7 -30.4 0.0 0.0 -46.2 -7.1 -7.7 0.9 19.6 16.4 -30.3 23.4

2008
16.3 12.3 28.6 0.0 0.0 16.0 16.0 44.6 0.1 0.1 0.0 23.7 8.7 32.5 83.4 99.4 -50.9 18.2 -83.3 141.2 95.5 0.8 128.0 14.7 6.2 8.5 16.9 -2.2 25.1 -9.3 0.2 -9.5 0.1 0.0 0.0 -9.5 -9.6 0.1 -8.8 -8.7 35.9 39.0 28.5 347.6 -7.4 101.1 101.1 175.5 170.7 -2.2 1.4 1.1 -1.1 40.1 -33.2 0.0 0.0 -64.6 -5.8 -5.9 0.8 11.5 -18.3 -41.4 17.5

2009
16.3 -3.2 13.1 0.0 0.0 16.0 16.0 29.1 0.2 0.2 0.0 23.7 11.4 35.3 100.9 116.9 -65.6 18.2 -100.7 140.7 94.8 0.7 130.1 10.7 8.6 2.1 19.4 -8.7 26.9 -13.5 1.9 -15.4 0.1 0.0 0.0 -15.5 -15.5 0.0 -14.8 -14.8 55.0 35.0 23.7 892.4 -11.8 100.0 100.0 80.4 251.4 -14.1 17.8 10.4 -0.6 64.5 -117.6 0.0 0.0 -143.9 -9.4 -9.5 0.7 8.2 62.1 -27.2 8.0

618

Haydari Construction Company Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

32.0 -12.0 20.0 0.0 0.0 0.0 0.0 20.0 1.4 1.4 0.0 12.7 12.7 26.8 7.8 7.8 19.0 0.0 -6.4 6.8 0.9 0.1 27.7 1.3 1.3 0.0 0.7 0.6 0.9 0.4 0.0 0.4 0.2 0.0 0.0 0.2 0.2 0.0 0.3 0.3 0.0 343.6 180.8 39.0 1.4 100.0 100.0 62.5 69.2 0.0 0.0 50.0 0.0 2.0 0.0 30.8 0.1 0.1 11.1 4.7 0.0 -40.9 6.3

2005
32.0 -12.7 19.3 0.0 0.0 0.0 0.0 19.3 0.5 0.5 0.0 12.7 12.7 25.9 7.8 7.8 18.1 0.0 -7.3 7.1 1.1 0.1 27.0 0.1 0.1 0.0 0.2 -0.1 0.8 -0.7 0.0 -0.7 0.0 0.0 0.0 -0.7 -0.7 0.0 -0.6 -0.6 0.0 332.1 169.2 40.4 -2.6 60.3 800.0 0.0 0.0 -3.6 0.0 -700.0 -0.2 -0.2 11.1 0.4 -300.0 -92.3 6.0

2006
32.0 -13.1 18.9 0.0 0.0 0.0 0.0 18.9 0.2 0.2 0.0 25.4 0.0 25.6 7.8 7.8 17.8 0.0 -7.6 7.1 1.0 0.1 26.6 0.0 0.0 0.0 0.0 0.0 0.3 -0.3 0.0 -0.3 0.0 0.0 0.0 -0.4 -0.3 -0.1 -0.2 -0.3 0.0 328.2 328.2 41.3 -1.1 75.0 66.7 59.1 0.0 0.0 0.0 0.0 0.0 0.0 -1.6 0.0 0.0 0.0 -0.1 -0.1 9.1 0.0 -50.0 -100.0 5.9

2007
32.0 -13.3 18.7 0.0 0.0 0.0 0.0 18.7 0.1 0.0 0.1 25.4 0.0 25.5 7.8 7.8 17.7 0.0 -7.7 7.1 0.9 0.1 26.4 0.0 0.0 0.0 0.0 0.0 0.3 -0.3 0.0 -0.3 0.0 0.0 0.0 -0.2 -0.3 0.1 -0.2 -0.1 0.0 326.9 326.9 41.7 -1.1 150.0 200.0 58.4 0.0 0.0 0.0 0.0 0.0 0.0 -1.6 0.0 0.0 0.0 -0.1 -0.1 10.0 0.0 0.0 5.8

2008
32.0 -13.4 18.6 0.0 0.0 0.0 0.0 18.6 0.2 0.1 0.1 12.7 12.7 25.6 7.9 7.9 17.7 0.0 -7.7 7.0 0.9 0.1 26.5 0.0 0.0 0.0 0.0 0.0 0.3 -0.1 0.0 -0.1 0.0 0.0 0.0 -0.1 -0.1 0.0 0.0 0.0 0.0 324.1 163.3 42.5 -0.4 100.0 0.0 58.1 0.0 0.0 0.0 0.0 0.0 0.0 -0.5 0.0 0.0 0.0 0.0 0.0 11.1 0.0 -100.0 5.8

2009
32.0 -13.5 18.5 0.0 0.0 0.0 0.0 18.5 0.0 0.0 0.0 25.4 0.0 25.4 7.8 7.8 17.6 0.0 -7.8 6.4 0.8 0.1 26.2 0.0 0.0 0.0 0.2 -0.2 0.2 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 0.0 -0.1 0.1 0.0 0.0 325.6 325.6 42.2 0.0 0.0 0.0 57.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11.1 0.0 0.0 5.8

619

IBL HealthCare Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

-

2005
-

2006
-

2007
-

2008
-

2009
200.0 -30.6 169.4 0.0 0.0 0.4 0.4 169.8 42.8 42.8 0.0 113.5 112.9 269.2 103.9 104.3 165.3 2.0 -61.1 16.3 4.5 2.8 273.7 414.9 414.9 0.0 376.0 38.9 424.4 -7.7 0.7 -8.4 7.3 0.0 0.0 -15.7 -12.9 0.2 259.1 150.4 61.6 -3.1 0.0 0.0 84.7 102.3 -9.1 0.2 35.0 -86.9 15.5 -5.0 0.0 0.0 -2.0 -0.4 -0.8 36.4 151.6 -140.0 8.5

620

Indus Fruit Products Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

90.0 -55.3 34.7 0.0 0.0 32.9 32.9 67.6 2.4 0.1 2.3 2.5 23.9 28.8 85.9 118.8 -57.1 54.9 -83.5 271.9 124.6 12.6 153.4 33.3 33.3 0.0 40.3 -7.0 43.9 -9.7 0.0 -9.7 0.2 0.0 0.0 -44.0 -9.9 -34.1 2.7 -31.4 48.7 33.5 5.7 342.4 -6.3 38.6 131.8 0.0 0.0 0.0 -28.0 0.0 -29.1 -1.1 -1.1 10.0 21.7 10.0 1232.0 3.9

2005
90.0 -76.6 13.4 0.0 0.0 11.0 11.0 24.4 2.4 0.1 2.3 2.8 13.6 18.8 109.3 120.3 -90.5 33.0 -106.9 273.5 114.8 11.4 133.6 12.4 9.3 3.1 30.7 -18.3 34.9 -22.4 0.0 -22.4 0.1 0.0 0.0 -43.2 -22.5 -20.7 -11.1 -31.8 45.1 17.2 4.8 897.8 -16.8 14.9 281.5 0.0 0.0 0.8 -167.2 0.0 -180.6 -2.5 -2.5 9.1 9.3 127.3 -62.8 1.5

2006
90.0 -91.4 -1.4 0.0 0.0 0.0 0.0 -1.4 3.7 1.4 2.3 14.5 11.0 29.2 139.9 139.9 -110.7 11.0 -136.2 278.3 109.3 10.4 138.5 24.2 20.4 3.8 41.7 -17.5 45.9 -14.1 0.0 -14.1 0.1 0.0 0.0 -25.8 -14.2 -11.6 -3.8 -15.4 0.0 20.9 13.0 0.0 -10.2 55.0 24.7 -1.6 189.7 0.0 0.0 0.0 -0.7 9.5 0.0 0.0 0.0 -58.3 -1.6 -1.6 9.1 17.5 -36.0 95.2 -0.2

2007
90.0 -119.0 -29.0 0.0 0.0 0.0 0.0 -29.0 3.1 3.1 0.0 12.0 11.2 26.3 200.5 200.5 -174.2 0.0 -197.4 323.6 145.1 9.4 171.4 46.9 46.9 0.0 69.4 -22.5 75.1 -28.2 0.1 -28.3 0.2 0.0 0.0 -27.6 -28.5 0.9 -19.1 -18.2 0.0 13.1 7.5 0.0 -16.5 103.3 104.9 -32.2 160.1 -0.4 0.2 0.0 -0.7 1.9 0.0 0.0 0.0 -60.3 -3.1 -3.2 8.4 27.4 93.8 93.8 -3.2

2008
90.0 -148.2 -58.2 0.0 0.0 0.0 0.0 -58.2 2.9 0.6 2.3 11.4 31.6 45.9 240.2 240.2 -194.3 0.0 -237.3 325.2 136.1 13.6 182.0 119.3 117.0 2.3 140.3 -21.0 149.2 -27.7 1.7 -29.4 0.6 0.0 0.0 -29.2 -30.0 0.8 -16.4 -15.6 0.0 19.1 6.0 0.0 -16.2 102.7 105.1 -64.7 125.1 -6.1 1.4 0.0 -2.0 0.5 0.0 0.0 0.0 -24.6 -3.3 -3.3 9.5 65.5 6.5 154.4 -6.5

2009
90.0 -148.2 -58.2 0.0 0.0 0.0 0.0 -58.2 2.9 0.6 2.3 11.4 31.6 45.9 240.2 240.2 -194.3 0.0 -237.3 325.2 136.1 13.6 182.0 119.3 117.0 2.3 140.3 -21.0 149.2 -27.7 1.7 -29.4 0.6 0.0 0.0 0.0 -30.0 30.0 -16.4 13.6 0.0 19.1 6.0 0.0 -16.2 0.0 -120.6 -64.7 125.1 -6.1 1.4 0.0 -2.0 0.5 0.0 0.0 0.0 -24.6 -3.3 -3.3 9.5 65.5 0.0 0.0 -6.5

621

Ismail Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

240.6 137.3 377.9 0.0 0.0 377.3 377.3 755.2 23.3 23.3 0.0 198.7 379.3 601.3 573.4 950.7 27.9 752.7 -550.1 1023.1 727.5 50.3 1328.8 1389.6 1147.5 242.1 1188.9 200.7 1338.9 51.3 24.0 27.3 7.0 1.0 0.0 242.9 19.3 223.6 69.6 293.2 50.0 104.9 38.7 251.6 2.1 7.9 23.7 157.1 96.4 46.8 1.7 3.2 25.6 8.4 7.2 2030.0 0.3 2.0 1.1 0.8 12.8 104.6 -26.7 41.5 15.7

2005
240.6 167.1 407.7 0.0 0.0 291.1 291.1 698.8 20.8 20.8 0.0 504.1 455.9 980.8 1028.4 1319.5 -47.6 1064.8 -1007.6 1116.0 746.3 74.8 1727.1 1934.9 1593.3 341.6 1679.7 255.2 1867.7 89.9 51.3 38.6 9.9 1.0 0.0 -56.4 27.7 -84.1 102.5 18.4 41.7 95.4 51.0 323.6 2.2 557.1 169.5 96.5 57.1 2.7 4.8 25.6 7.9 9.5 2870.0 0.2 2.0 1.6 1.2 10.3 112.0 45.5 39.2 16.9

2006
240.6 202.9 443.5 0.0 0.0 433.3 433.3 876.8 50.1 46.4 3.7 412.3 804.5 1266.9 1464.6 1897.9 -197.7 1448.0 -1414.5 1524.2 1074.4 83.7 2341.3 2207.3 1925.8 281.5 1884.9 322.4 2084.4 147.4 102.0 45.4 11.2 3.6 0.0 178.0 30.6 147.4 114.3 261.7 49.4 86.5 31.6 427.9 1.9 17.2 43.7 184.3 94.4 69.2 4.6 7.0 24.7 5.8 10.2 950.0 0.8 2.1 1.9 1.4 11.2 94.3 18.8 14.1 18.4

2007
240.6 448.7 689.3 0.0 0.0 843.7 843.7 1533.0 127.7 46.9 80.8 1302.1 1213.1 2642.9 2257.7 3101.4 385.2 2086.2 -2130.0 1708.0 1147.7 115.7 3790.6 3001.4 2706.9 294.5 2478.4 523.0 2831.2 239.8 166.5 73.3 14.7 24.1 0.0 656.2 34.5 621.7 150.2 771.9 55.0 117.1 63.3 449.9 1.9 5.3 19.5 286.5 94.3 69.4 5.5 8.0 20.1 6.3 10.6 243.2 3.5 2.4 3.0 2.4 10.8 79.2 57.9 36.0 28.6

2008
240.6 400.5 641.1 0.0 0.0 1219.4 1219.4 1860.5 1137.0 28.5 1108.5 471.5 1587.1 3195.6 2715.5 3934.9 480.1 2742.0 -1578.5 2070.0 1380.5 5.5 4576.1 4192.3 3792.5 399.8 3449.4 742.9 3888.3 404.2 278.1 126.1 19.9 36.1 0.0 327.5 70.1 257.4 75.6 333.0 65.5 117.7 59.2 613.8 2.8 21.4 22.7 266.5 92.7 68.8 6.6 10.1 15.8 6.3 19.7 294.2 5.6 3.0 5.2 4.4 0.5 91.6 73.3 39.7 26.6

2009
240.6 482.5 723.1 0.0 0.0 1241.0 1241.0 1964.1 965.3 51.1 914.2 844.4 2161.8 3971.5 3687.0 4928.0 284.5 3416.9 -2721.7 2510.4 1679.6 143.7 5651.1 5219.7 5219.7 0.0 4103.3 1116.4 4495.3 807.5 488.2 319.3 5.5 36.1 0.0 103.6 277.7 -174.1 421.4 247.3 63.2 107.7 49.1 681.5 5.7 268.1 170.4 300.5 86.1 60.5 9.4 14.3 1.7 8.7 44.2 869.3 5.0 6.1 13.3 13.0 10.4 92.4 155.8 24.5 30.1

622

Karam Ceramics Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

109.1 64.7 173.8 0.0 0.0 102.9 102.9 276.7 15.1 15.1 0.0 47.5 54.9 117.5 292.2 395.1 -174.7 154.8 -277.1 954.2 451.4 43.0 568.9 597.4 597.4 0.0 501.5 95.9 549.0 50.9 16.4 34.5 2.4 16.4 0.0 61.8 15.7 46.1 58.7 104.8 37.2 40.2 21.4 227.3 6.1 25.4 56.0 159.3 91.9 32.2 2.7 10.6 7.0 4.9 19.9 195.7 9.4 5.8 3.2 2.9 10.5 105.0 -13.5 -5.9 15.9

2005
109.1 170.4 279.5 0.0 0.0 137.4 137.4 416.9 23.2 23.2 0.0 37.5 51.4 112.1 291.3 428.7 -179.2 185.9 -268.1 1151.3 596.0 65.4 708.1 730.8 730.8 0.0 593.6 137.2 650.5 81.8 12.7 69.1 3.0 16.4 0.0 140.2 49.7 90.5 115.1 205.6 33.0 38.5 20.8 153.4 9.8 35.4 56.0 256.2 89.0 15.5 1.7 6.8 4.3 3.6 24.7 403.0 5.9 9.5 6.3 6.1 14.5 103.2 96.9 22.3 25.6

2006
109.1 141.3 250.4 0.0 0.0 109.7 109.7 360.1 24.8 24.8 0.0 53.7 73.1 151.6 341.8 451.5 -190.2 161.6 -317.0 1165.3 550.3 60.3 701.9 783.5 783.5 0.0 638.6 144.9 705.6 79.3 13.6 65.7 26.7 0.0 0.0 -56.8 39.0 -95.8 99.3 3.5 30.5 44.4 23.0 180.3 9.4 -68.7 2837.1 229.5 90.1 17.2 1.7 8.4 40.6 5.4 26.2 0.0 0.0 8.4 6.0 3.6 10.1 111.6 -4.8 7.2 23.0

2007
145.5 158.5 304.0 0.0 0.0 210.8 210.8 514.8 14.5 14.5 0.0 28.7 59.1 102.3 313.7 524.5 -211.4 253.8 -299.2 1403.0 726.2 62.5 828.5 744.9 744.9 0.0 645.6 99.3 710.6 35.0 18.2 16.8 4.7 18.2 0.0 154.7 -6.1 160.8 56.4 217.2 40.9 32.6 13.8 172.5 2.0 -3.9 26.0 208.9 95.4 52.0 2.4 7.2 28.0 2.5 5.5 66.5 6.0 2.3 1.2 0.8 11.4 89.9 -80.0 -4.9 20.9

2008
145.5 148.3 293.8 0.0 0.0 132.0 132.0 425.8 34.4 34.4 0.0 66.3 44.4 145.1 458.0 590.0 -312.9 217.8 -423.6 1483.4 738.6 68.1 883.7 834.5 834.5 0.0 695.6 138.9 759.6 75.0 42.1 32.9 3.9 18.2 0.0 -89.0 10.8 -99.8 78.9 -20.9 31.0 31.7 22.0 200.8 3.7 -12.1 -377.5 201.9 91.0 56.1 5.0 19.3 11.9 6.2 11.2 159.3 6.2 3.9 2.3 2.0 9.4 94.4 91.7 12.0 20.2

2009
145.5 151.3 296.8 0.0 0.0 218.1 218.1 514.9 24.3 24.3 0.0 60.9 123.9 209.1 368.4 586.5 -159.3 318.9 -344.1 1490.1 674.2 71.5 883.3 832.7 832.7 0.0 702.7 130.0 779.8 53.2 40.0 13.2 0.0 0.0 0.0 89.1 13.2 75.9 84.7 160.6 42.4 56.8 23.1 197.6 1.5 14.8 52.7 204.0 93.6 75.2 4.8 12.5 0.0 2.4 4.4 0.0 0.0 1.6 0.9 0.9 9.7 94.3 -60.9 -0.2 20.4

623

Leather Up Ltd.
Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

60.0 2.3 62.3 0.0 0.0 0.0 0.0 62.3 25.4 25.4 0.0 11.8 35.7 72.9 30.8 30.8 42.1 11.8 -5.4 30.6 20.2 0.7 93.1 33.7 33.7 0.0 35.1 -1.4 46.0 -6.1 1.0 -7.1 0.4 3.0 0.0 -11.2 -10.5 -0.7 -9.8 -10.5 0.0 236.7 120.8 49.4 -7.6 103.8 136.5 3.0 8.5 22.8 -11.4 -250.0 4.8 -21.1 -1.2 -1.3 3.5 36.2 -47.8 -58.3 10.4

2005
60.0 2.3 62.3 0.0 0.0 0.0 0.0 62.3 25.4 25.4 0.0 11.8 35.7 72.9 30.8 30.8 42.1 11.8 -5.4 30.6 20.2 0.7 93.1 33.7 33.7 0.0 35.1 -1.4 46.0 -6.1 1.0 -7.1 0.4 0.0 0.0 0.0 -7.5 7.5 -6.8 0.7 0.0 236.7 120.8 49.4 -7.6 -971.4 103.8 136.5 3.0 8.5 22.8 -11.4 0.0 -21.1 -1.2 -1.3 3.5 36.2 0.0 0.0 10.4

2006
60.0 -11.1 48.9 0.0 0.0 0.0 0.0 48.9 18.7 18.7 0.0 6.0 30.7 55.4 24.2 24.2 31.2 14.9 -5.5 27.9 17.7 0.5 73.1 35.4 35.4 0.0 29.4 6.0 35.3 1.2 2.2 -1.0 0.3 0.0 0.0 -13.4 -1.3 -12.1 -0.8 -12.9 0.0 228.9 102.1 49.5 -1.4 9.7 6.2 81.5 99.7 183.3 6.2 14.8 -30.0 1.7 -2.0 0.0 0.0 -2.8 -0.2 -0.2 2.7 48.4 -83.3 5.0 8.2

2007
60.0 -18.1 41.9 0.0 0.0 0.0 0.0 41.9 17.9 17.9 0.0 6.3 26.5 50.7 26.1 26.1 24.6 14.5 -8.2 27.9 17.3 0.4 68.0 30.5 30.5 0.0 31.5 -1.0 36.9 -4.6 2.1 -6.7 0.3 0.0 0.0 -7.0 -7.0 0.0 -6.6 -6.6 0.0 194.3 92.7 62.3 -9.9 100.0 100.0 69.8 121.0 -45.7 6.9 14.5 -4.5 4.3 -16.0 0.0 0.0 -22.0 -1.1 -1.2 2.3 44.9 450.0 -13.8 7.0

2008
60.0 -24.0 36.0 0.0 0.0 0.0 0.0 36.0 20.9 20.9 0.0 4.5 24.6 50.0 30.9 30.9 19.1 19.7 -10.0 27.9 16.9 0.4 66.9 15.2 15.2 0.0 17.3 -2.1 22.2 -3.0 2.7 -5.7 0.1 0.0 0.0 -5.9 -5.8 -0.1 -5.4 -5.5 0.0 161.8 82.2 85.8 -8.5 98.3 98.2 60.0 146.1 -90.0 17.8 13.7 -1.8 9.9 -15.8 0.0 0.0 -37.5 -1.0 -1.0 2.3 22.7 -9.1 -50.2 6.0

2009
60.0 -28.2 31.8 0.0 0.0 0.0 0.0 31.8 3.6 3.6 0.0 21.5 19.5 44.6 16.9 16.9 27.7 8.3 -13.3 15.4 4.0 0.3 48.6 13.2 13.2 0.0 16.3 -3.1 19.2 -4.0 2.7 -6.7 0.1 0.0 0.0 -4.2 -6.8 2.6 -6.5 -3.9 0.0 263.9 148.5 53.1 -13.8 161.9 166.7 53.0 145.5 -67.5 20.5 32.5 -1.5 2.3 -21.1 0.0 0.0 -50.8 -1.1 -1.1 1.8 27.2 10.0 -13.2 5.3

624

MACPAC Films Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

388.9 122.3 511.2 0.0 0.0 575.1 575.1 1086.3 1.0 1.0 0.0 128.9 62.6 192.5 228.6 803.7 -36.1 701.0 -227.6 1297.7 1122.4 16.3 1314.9 333.6 333.6 0.0 268.7 64.9 295.1 38.5 3.0 35.5 0.8 0.0 0.0 34.7 51.0 52.9 84.2 56.8 157.2 2.7 0.0 0.0 131.4 88.5 7.8 0.9 0.4 2.3 14.4 6.9 0.0 10.6 0.9 0.9 4.3 25.4 13.1

2005
388.9 160.9 549.8 0.0 0.0 707.7 707.7 1257.5 1.7 1.7 0.0 165.4 80.9 248.0 419.4 1127.1 -171.4 1017.8 -417.7 1616.1 1428.7 12.0 1676.7 109.6 109.6 0.0 106.3 3.3 129.4 20.4 12.5 7.9 1.9 0.0 0.0 171.2 6.0 165.2 18.0 183.2 56.3 59.1 39.8 205.0 0.5 3.5 9.8 141.4 118.1 61.3 11.4 1.2 24.1 0.0 1.4 0.0 7.2 0.2 0.2 1.1 6.5 -77.8 -67.1 14.1

2006
388.9 -45.0 343.9 0.0 0.0 360.2 360.2 704.1 6.2 6.2 0.0 132.2 50.2 188.6 856.4 1216.6 -667.8 704.3 -850.2 1657.8 1371.9 98.6 1560.5 546.8 541.0 5.8 539.5 7.3 563.0 -16.2 72.8 -89.0 2.4 0.0 0.0 -553.4 -91.4 -462.0 7.2 -454.8 51.2 22.0 16.2 353.8 -5.7 16.5 -1.6 88.4 103.0 -449.4 13.3 10.3 -2.7 14.4 -25.9 0.0 0.0 -16.3 -2.3 -2.4 6.9 35.0 -1250.0 398.9 8.8

2007
388.9 -158.0 230.9 0.0 0.0 642.4 642.4 873.3 1.3 1.3 0.0 101.0 40.4 142.7 514.6 1157.0 -371.9 754.5 -513.3 1662.1 1245.2 131.3 1387.9 468.1 463.9 4.2 521.8 -53.7 549.9 -80.6 121.4 -202.0 2.1 0.0 0.0 169.2 -204.1 373.3 -72.8 300.5 73.6 27.7 19.9 501.1 -14.6 -120.6 -24.2 59.4 117.5 -150.6 25.9 16.1 -1.0 10.7 -87.5 0.0 0.0 -43.2 -5.2 -5.2 9.6 33.7 126.1 -14.4 5.9

2008
388.9 -320.6 68.3 0.0 0.0 434.4 434.4 502.7 62.8 62.8 0.0 194.9 35.1 292.8 630.9 1065.3 -338.1 619.7 -568.1 1268.2 840.8 98.2 1133.6 404.9 402.2 2.7 433.7 -28.8 462.7 -133.7 96.8 -230.5 1.7 0.0 0.0 -370.6 -232.2 -138.4 -134.0 -272.4 86.4 46.4 40.8 1559.7 -20.3 62.7 49.2 17.6 114.3 -72.4 23.9 15.6 -0.7 10.5 -337.5 0.0 0.0 -56.9 -5.9 -6.0 7.9 35.7 13.5 -13.5 1.8

2009
388.9 -430.6 -41.7 0.0 0.0 332.1 332.1 290.4 3.9 3.9 0.0 185.1 15.3 204.3 710.6 1042.7 -506.3 649.3 -706.7 1303.6 796.7 79.7 1001.0 133.1 133.1 0.0 190.4 -57.3 213.1 -51.5 48.7 -100.2 0.0 0.0 0.0 -212.3 -100.2 -112.1 -20.5 -132.6 114.4 28.8 26.6 0.0 -10.0 47.2 15.5 -10.7 160.1 -94.6 36.6 7.5 0.0 34.0 0.0 0.0 0.0 -75.3 -2.6 -2.6 9.5 13.3 -55.9 -67.1 -1.1

625

Mandviwala Mauser Plastic Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

73.6 -244.8 -171.2 0.0 0.0 252.0 252.0 80.8 2.4 2.4 0.0 74.6 11.9 88.9 187.6 439.6 -98.7 330.3 -185.2 406.7 179.5 15.1 268.4 271.0 263.1 7.9 245.7 25.3 299.0 -28.0 7.2 -35.2 1.2 0.0 0.0 -53.8 -36.4 -17.4 -21.3 -38.7 311.9 47.4 41.0 -13.1 -232.6 110.3 2.7 2.2 20.0 -13.0 -4.8 -4.9 7.9 101.0 -382.4 -9.4 -23.3

2005
73.6 -296.4 -222.8 0.0 0.0 247.9 247.9 25.1 1.5 1.5 0.0 64.3 20.8 86.6 232.6 480.5 -146.0 337.9 -231.1 413.0 171.1 14.7 257.7 299.7 289.2 10.5 286.6 13.1 342.7 -43.0 10.6 -53.6 1.3 0.0 0.0 -55.7 -54.9 -0.8 -40.2 -41.0 987.6 37.2 28.3 -20.8 -302.7 114.3 3.5 3.1 16.3 -17.9 -7.3 -7.5 8.2 116.3 52.1 10.6 -30.3

2006
73.6 -192.3 -118.7 0.0 0.0 189.7 189.7 71.0 1.5 1.5 0.0 96.0 16.0 113.5 177.1 366.8 -63.6 232.8 -175.6 384.4 134.4 12.9 247.9 230.5 225.5 5.0 188.2 42.3 226.8 56.6 7.2 49.4 1.0 0.0 0.0 45.9 48.4 -2.5 61.3 58.8 267.2 64.1 55.1 0.0 19.9 105.4 104.3 -161.3 98.4 12.7 3.1 3.1 2.0 22.4 0.0 0.0 0.0 21.4 6.7 6.6 8.5 93.0 -191.8 -23.1 -16.1

2007
73.6 -233.0 -159.4 0.0 0.0 189.0 189.0 29.6 3.2 3.2 0.0 97.8 21.3 122.3 235.9 424.9 -113.6 228.4 -232.7 406.8 143.0 13.8 265.3 303.1 298.6 4.5 276.5 26.6 324.0 -19.8 3.2 -23.0 1.3 0.0 0.0 -41.4 -24.3 -17.1 -10.5 -27.6 638.5 51.8 42.8 0.0 -8.7 58.7 38.0 -216.6 106.9 -16.2 1.1 1.4 -5.7 24.9 0.0 0.0 0.0 -7.6 -3.1 -3.3 9.0 114.2 -146.3 31.5 -21.7

2008
73.6 -258.9 -185.3 0.0 0.0 196.9 196.9 11.6 1.7 1.7 0.0 107.0 39.3 148.0 250.3 447.2 -102.3 235.9 -248.6 390.8 113.9 13.1 261.9 249.2 248.1 1.1 227.1 22.1 272.2 -23.0 1.7 -24.7 1.2 0.0 0.0 -18.0 -25.9 7.9 -12.8 -4.9 1697.4 59.1 43.4 0.0 -9.4 143.9 261.2 -251.8 109.2 -7.4 0.7 0.7 -4.9 25.4 0.0 0.0 0.0 -9.9 -3.4 -3.5 10.6 95.2 9.7 -17.8 -25.2

2009
73.6 -281.7 -208.1 0.0 0.0 192.9 192.9 -15.2 1.0 1.0 0.0 103.7 25.3 130.0 248.9 441.8 -118.9 232.1 -247.9 390.0 103.6 11.9 233.6 233.3 232.2 1.1 212.7 20.6 250.6 -16.6 5.0 -21.6 1.2 0.0 0.0 -26.8 -22.8 -4.0 -10.9 -14.9 0.0 52.2 42.1 0.0 -9.2 85.1 73.2 -282.7 107.4 -30.1 2.1 2.2 -5.6 26.9 0.0 0.0 0.0 -9.3 -2.9 -3.1 10.4 99.9 -14.7 -6.4 -28.3

626

Mitchell's Fruit Farms Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

50.4 198.6 249.0 0.0 0.0 1.3 1.3 250.3 6.1 6.1 0.0 98.8 114.7 219.6 196.0 197.3 23.6 107.7 -189.9 387.9 226.8 19.4 446.4 898.6 898.6 0.0 779.9 118.7 866.7 40.3 5.6 34.7 12.0 15.1 0.0 17.4 7.6 9.8 27.0 36.8 0.5 112.0 53.5 79.2 7.8 43.7 73.4 494.0 96.5 13.9 0.6 5.2 34.6 1.5 13.9 150.3 6.1 3.9 6.9 4.5 11.1 201.3 -33.7 5.7 49.4

2005
50.4 211.1 261.5 0.0 0.0 51.6 51.6 313.1 11.8 11.8 0.0 85.4 151.4 248.6 165.5 217.1 83.1 128.1 -153.7 409.0 230.0 24.2 478.6 915.8 915.8 0.0 790.8 125.0 880.5 41.7 13.6 28.1 4.1 0.0 0.0 62.8 24.0 38.8 48.2 87.0 16.5 150.2 58.7 83.0 5.9 38.2 55.4 518.8 96.1 32.6 1.5 10.6 14.6 1.5 10.7 0.0 3.1 5.6 4.8 15.5 191.3 -18.8 1.9 51.9

2006
50.4 184.9 235.3 0.0 0.0 36.8 36.8 272.1 14.7 14.7 0.0 71.6 163.3 249.6 209.6 246.4 40.0 153.8 -194.9 431.5 232.2 21.3 481.8 863.4 863.4 0.0 758.7 104.7 860.4 15.9 19.3 -3.4 3.8 0.0 0.0 -41.0 -7.2 -33.8 14.1 -19.7 13.5 119.1 41.2 104.7 -0.7 17.6 -71.6 466.9 99.7 121.4 2.2 12.5 -111.8 2.3 -1.4 0.0 0.0 -0.4 -0.7 -1.4 9.3 179.2 -112.5 -5.7 46.7

2007
50.4 210.1 260.5 0.0 0.0 22.1 22.1 282.6 26.7 26.7 0.0 94.3 185.0 306.0 293.7 315.8 12.3 182.7 -267.0 489.2 270.3 22.2 576.3 992.5 992.5 0.0 832.2 160.3 935.5 61.0 21.3 39.7 4.4 10.1 0.0 10.5 25.2 -14.7 47.4 32.7 7.8 104.2 41.2 121.2 6.9 240.0 145.0 516.9 94.3 34.9 2.1 11.7 11.1 4.6 15.2 349.5 3.9 4.0 7.9 7.0 9.4 172.2 -1228.6 15.0 51.7

2008
50.4 208.7 259.1 0.0 0.0 7.4 7.4 266.5 10.9 10.9 0.0 97.8 288.7 397.4 453.1 460.5 -55.7 310.8 -442.2 565.9 322.3 26.1 719.7 1190.6 1190.6 0.0 1000.8 189.8 1151.3 45.4 32.3 13.1 0.4 5.0 0.0 -16.1 7.7 -23.8 33.8 10.0 2.8 87.7 24.0 177.7 1.8 -47.8 338.0 514.1 96.7 71.1 2.7 10.4 3.1 3.3 5.1 254.0 1.9 1.1 2.6 2.5 9.8 165.4 -67.1 20.0 51.4

2009
50.4 218.1 268.5 0.0 0.0 0.0 0.0 268.5 13.2 13.2 0.0 131.3 260.4 404.9 458.1 458.1 -53.2 307.7 -444.9 590.7 321.7 29.9 726.6 1278.4 1278.4 0.0 1043.7 234.7 1219.6 71.8 53.5 18.3 6.7 10.1 0.0 2.0 1.5 0.5 31.4 31.9 0.0 88.4 31.5 170.6 2.5 75.0 98.4 532.7 95.4 74.5 4.2 17.4 36.6 4.6 6.8 114.9 3.8 1.4 3.6 2.3 9.3 175.9 38.5 7.4 53.3

627

Mubarak Dairies Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

28.0 -134.6 -106.6 0.0 0.0 71.8 71.8 -34.8 0.2 0.2 0.0 1.9 0.0 2.1 119.7 191.5 -117.6 71.8 -119.5 123.7 82.8 8.7 84.9 21.8 21.8 0.0 34.3 -12.5 53.7 -31.9 0.0 -31.9 0.1 0.0 0.0 0.0 -32.0 32.0 -23.3 8.7 0.0 1.8 1.8 0.0 -37.6 0.0 -267.8 -380.7 246.3 0.0 0.0 0.0 -0.3 0.5 0.0 0.0 0.0 -146.3 -11.4 -11.4 10.5 25.7 0.0 0.0 -38.1

2005
28.0 -134.6 -106.6 0.0 0.0 71.8 71.8 -34.8 0.2 0.2 0.0 1.9 0.0 2.1 119.7 191.5 -117.6 71.8 -119.5 123.7 82.8 8.7 84.9 21.8 21.8 0.0 34.3 -12.5 53.7 -31.9 0.0 -31.9 0.1 0.0 0.0 0.0 -32.0 32.0 -23.3 8.7 0.0 1.8 1.8 0.0 -37.6 0.0 -267.8 -380.7 246.3 0.0 0.0 0.0 -0.3 0.5 0.0 0.0 0.0 -146.3 -11.4 -11.4 10.5 25.7 0.0 0.0 -38.1

2006
28.0 -56.6 -28.6 0.0 0.0 17.5 17.5 -11.1 0.0 0.0 0.0 1.2 0.0 1.2 40.2 57.7 -39.0 27.1 -40.2 32.2 27.9 2.5 29.1 0.0 0.0 0.0 0.0 0.0 2.5 -2.5 0.0 -2.5 0.0 0.0 0.0 23.7 -2.5 26.2 0.0 26.2 0.0 3.0 3.0 0.0 -8.6 -10.5 0.0 -102.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.9 -0.9 9.2 0.0 -92.1 -100.0 -10.2

2007
28.0 -57.8 -29.8 0.0 0.0 7.9 7.9 -21.9 0.0 0.0 0.0 0.9 0.0 0.9 22.8 30.7 -21.9 7.9 -22.8 0.0 0.0 1.5 0.9 0.0 0.0 0.0 0.0 0.0 1.7 -1.2 0.0 -1.2 0.0 0.0 0.0 -10.8 -1.2 -9.6 0.3 -9.3 0.0 3.9 3.9 0.0 -133.3 11.1 -3.2 -106.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.4 -0.4 5.4 0.0 -55.6 -10.6

2008
28.0 -57.8 -29.8 0.0 0.0 7.9 7.9 -21.9 0.0 0.0 0.0 0.9 0.0 0.9 22.8 30.7 -21.9 7.9 -22.8 0.0 0.0 1.5 0.9 0.0 0.0 0.0 0.0 0.0 1.7 -1.2 0.0 -1.2 0.0 0.0 0.0 0.0 -1.2 1.2 0.3 1.5 0.0 3.9 3.9 0.0 -133.3 0.0 20.0 -106.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.4 -0.4 5.4 0.0 0.0 -10.6

2009
28.0 -57.8 -29.8 0.0 0.0 7.9 7.9 -21.9 0.0 0.0 0.0 0.9 0.0 0.9 22.8 30.7 -21.9 7.9 -22.8 0.0 0.0 1.5 0.9 0.0 0.0 0.0 0.0 0.0 1.7 -1.2 0.0 -1.2 0.0 0.0 0.0 0.0 -1.2 1.2 0.3 1.5 0.0 3.9 3.9 0.0 -133.3 0.0 20.0 -106.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.4 -0.4 5.4 0.0 0.0 -10.6

628

Murree Brewery Company Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

71.7 771.7 843.4 0.0 0.0 3.3 3.3 846.7 206.2 129.4 76.8 271.4 132.1 609.7 352.0 355.3 257.7 6.0 -145.8 689.9 589.2 47.5 1198.9 910.6 910.6 0.0 718.7 191.9 822.2 123.4 1.8 121.6 41.0 25.1 17.9 55.3 55.5 -0.2 103.0 102.8 0.4 173.2 135.7 42.1 10.1 100.4 100.2 1176.3 90.3 1.5 0.2 30.0 33.7 5.1 14.4 321.1 3.0 13.4 17.0 11.2 8.0 76.0 24.1 26.5 117.6

2005
89.6 875.7 965.3 0.0 0.0 2.9 2.9 968.2 292.1 221.6 70.5 135.0 174.2 601.3 269.2 272.1 332.1 5.8 22.9 782.4 636.1 56.4 1237.4 1142.7 1142.7 0.0 895.2 247.5 1018.1 170.2 0.9 169.3 53.0 25.1 17.9 121.5 91.2 30.3 147.6 177.9 0.3 223.4 158.7 28.2 13.7 75.1 83.0 1077.3 89.1 0.5 0.1 15.5 31.3 2.8 17.5 463.3 2.6 14.8 18.9 13.0 9.6 92.3 11.2 25.5 107.7

2006
98.6 958.0 1056.6 0.0 0.0 0.8 0.8 1057.4 214.8 139.0 75.8 191.1 269.1 675.0 391.3 392.1 283.7 2.7 -176.5 967.9 773.6 58.8 1448.6 1672.5 1672.5 0.0 1373.0 299.5 1515.3 215.3 1.3 214.0 23.8 44.8 9.0 89.2 145.4 -56.2 204.2 148.0 0.1 172.5 103.7 37.1 14.8 163.0 138.0 1071.6 90.6 0.6 0.1 48.1 11.1 1.7 20.3 424.6 4.2 12.8 21.7 19.3 9.2 115.5 14.8 46.4 107.2

2007
108.4 1068.7 1177.1 0.0 0.0 3.4 3.4 1180.5 333.4 151.3 182.1 184.5 347.6 865.5 428.6 432.0 436.9 9.4 -95.2 1027.2 743.8 91.2 1609.3 2422.0 2422.0 0.0 2009.9 412.1 2210.8 260.6 0.7 259.9 81.5 54.2 10.8 123.1 124.2 -1.1 215.4 214.3 0.3 201.9 120.8 36.7 16.1 100.9 100.5 1085.9 91.3 0.3 0.0 7.4 31.4 1.8 22.1 329.2 4.6 10.7 24.0 16.5 11.8 150.5 10.6 44.8 108.6

2008
119.3 3281.0 3400.3 0.0 0.0 1.6 1.6 3401.9 113.7 113.7 0.0 394.8 492.7 1001.2 505.3 506.9 495.9 3.2 -391.6 3259.0 2906.1 73.5 3907.3 2541.3 2541.3 0.0 2034.6 506.7 2279.3 297.3 0.7 296.6 101.9 59.6 11.9 2221.4 135.1 2086.3 208.6 2294.9 0.0 198.1 100.6 14.9 7.6 6.1 9.1 2850.2 89.7 0.2 0.0 21.9 34.4 3.1 8.7 326.7 1.8 11.7 24.9 16.3 9.9 65.0 3.8 4.9 285.0

2009
131.2 3404.5 3535.7 0.0 0.0 1.1 1.1 3536.8 369.4 222.1 147.3 240.4 503.4 1113.2 523.0 524.1 590.2 3.2 -153.6 3380.6 2946.6 87.2 4059.8 2220.7 2220.7 0.0 1591.4 629.3 1890.6 345.3 4.5 340.8 87.2 65.6 13.1 134.9 188.0 -53.1 275.2 222.1 0.0 212.8 116.6 14.8 8.4 139.4 123.9 2694.9 85.1 1.3 0.2 140.6 25.6 3.9 9.6 386.6 1.9 15.3 26.0 19.3 3.0 54.7 4.4 -12.6 269.5

629

National Foods Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

42.5 107.6 150.1 0.0 0.0 21.0 21.0 171.1 2.9 2.9 0.0 105.0 273.9 381.8 390.2 411.2 -8.4 235.5 -387.3 307.2 179.6 23.7 561.4 1742.4 1554.9 187.5 1358.2 384.2 1664.4 80.0 11.6 68.4 18.5 17.0 0.0 6.2 32.9 -26.7 56.6 29.9 12.3 97.8 27.7 274.0 12.2 530.6 189.3 353.2 95.5 14.5 0.7 4.9 27.0 3.1 45.6 293.5 11.3 3.9 16.1 11.7 13.0 310.4 126.8 15.3 35.3

2005
42.5 136.8 179.3 0.0 0.0 78.3 78.3 257.6 5.6 5.6 0.0 115.6 356.7 477.9 446.7 525.0 31.2 356.6 -441.1 371.8 226.6 23.1 704.5 2070.8 1850.4 220.4 1673.6 397.2 2018.5 56.8 14.4 42.4 12.0 17.0 0.0 86.5 13.4 73.1 36.5 109.6 30.4 107.0 27.1 292.8 6.0 15.5 33.3 421.9 97.5 25.4 0.7 4.0 28.3 3.7 23.6 178.8 9.5 2.0 10.0 7.2 13.0 293.9 -37.9 18.8 42.2

2006
42.5 202.5 245.0 0.0 0.0 194.7 194.7 439.7 83.0 83.0 0.0 147.8 367.2 598.0 524.2 718.9 73.8 418.9 -441.2 527.6 365.9 28.6 963.9 2465.4 2251.3 214.1 1894.2 571.2 2340.8 131.3 24.9 106.4 37.0 0.0 0.0 182.1 69.4 112.7 98.0 210.7 44.3 114.1 44.0 293.4 11.0 38.1 46.5 576.5 94.9 19.0 1.0 5.9 34.8 4.1 43.4 0.0 0.0 4.3 25.0 16.3 12.6 255.8 150.0 19.1 57.6

2007
42.5 322.6 365.1 0.0 0.0 158.4 158.4 523.5 18.1 18.1 0.0 197.1 477.0 692.2 662.2 820.6 30.0 421.7 -644.1 683.3 493.4 36.2 1185.6 3147.3 2869.3 278.0 2328.9 818.4 2953.2 224.3 32.7 191.6 38.0 8.5 12.8 83.8 145.1 -61.3 181.3 120.0 30.3 104.5 32.5 224.8 16.2 173.2 151.1 859.1 93.8 14.6 1.0 7.8 19.8 3.6 52.5 1807.1 2.3 6.1 45.1 36.1 9.9 265.5 80.4 27.7 85.9

2008
55.3 458.5 513.8 0.0 0.0 126.3 126.3 640.1 13.5 13.5 0.0 340.4 755.3 1109.2 1104.5 1230.8 4.7 718.0 -1091.0 876.3 635.3 54.5 1744.5 4042.0 3653.2 388.8 3056.3 985.7 3774.2 290.1 56.2 233.9 42.0 0.0 12.8 116.6 191.9 -75.3 246.4 171.1 19.7 100.4 32.0 239.5 13.4 164.6 144.0 929.1 93.4 19.4 1.4 7.8 18.0 6.4 45.5 0.0 0.0 5.8 42.3 34.7 11.0 231.7 -6.2 28.4 92.9

2009
331.5 288.1 619.6 0.0 0.0 73.7 73.7 693.3 15.2 15.2 0.0 399.9 847.0 1262.1 1182.7 1256.4 79.4 126.2 -1167.5 923.8 614.0 74.1 1876.1 3758.7 3264.9 493.8 2632.3 1126.4 3468.2 307.5 86.8 220.7 82.0 0.0 82.9 53.2 138.7 -85.5 212.8 127.3 10.6 106.7 35.1 202.8 11.8 260.7 167.2 186.9 92.3 28.2 2.3 68.8 37.2 7.3 35.6 0.0 0.0 5.9 6.7 4.2 11.7 200.3 -84.2 -7.0 18.7

630

Nestle Pakistan Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

452.7 1185.3 1638.0 0.0 0.0 1450.0 1450.0 3088.0 139.2 93.3 45.9 602.3 1693.8 2435.3 2523.2 3973.2 -87.9 2714.7 -2384.0 5693.7 3175.9 406.0 5611.2 13599.4 12903.1 696.3 10003.6 3595.8 12169.0 1465.3 61.0 1404.3 442.2 633.8 0.0 1117.3 328.3 789.0 734.3 1523.3 47.0 96.5 29.4 242.6 25.0 29.4 48.2 361.8 89.5 4.2 0.4 2.2 31.5 0.2 85.7 151.8 38.7 10.3 31.0 21.3 16.6 242.4 22.5 23.9 36.2

2005
453.5 1411.7 1865.2 0.0 0.0 1946.9 1946.9 3812.1

2006
453.5 1942.6 2396.1 0.0 0.0 31.5 31.5 2427.6

2007
453.5 3565.8 4019.3 0.0 0.0 119.6 119.6 4138.9

2008
453.5 3885.7 4339.2 0.0 0.0 5317.5 5317.5 9656.7

2009
453.5 3966.4 4419.9 0.0 0.0 118.3 118.3 4538.2

859.0 34.7 406.2 859.0 34.7 406.2 0.0 0.0 0.0 1219.8 2757.8 2911.0 1493.0 1907.3 2393.3 3571.8 4699.8 5710.5 4847.1 10365.3 11617.3 6794.0 10396.8 11736.9 -1275.3 -5665.5 -5906.8 3593.0 2857.6 2822.3 -3988.1 -10330.6 -11211.1 8184.0 5087.4 516.1 8659.2 18785.8 17784.2 1001.6 14000.5 4785.3 17028.2 1810.8 180.1 1630.7 382.1 679.9 0.0 724.1 568.7 155.4 1084.8 1240.2 51.1 73.7 42.9 364.3 18.8 78.5 87.5 411.3 90.6 9.9 1.0 5.0 23.4 0.3 87.4 183.6 36.5 8.7 36.0 27.5 16.0 216.9 16.1 38.1 41.1 11615.8 8093.1 579.8 12792.9 24062.0 22706.7 1355.3 17809.4 6252.6 21685.5 2453.2 447.8 2005.4 110.7 226.7 0.0 -1384.5 1668.0 -3052.5 2247.8 -804.7 1.3 45.3 26.9 433.9 15.7 -120.5 -279.3 528.4 90.1 18.3 1.9 15.7 5.5 1.0 83.7 835.8 9.5 8.3 44.2 41.8 11.4 188.1 22.8 28.1 52.8 14234.3 10045.6 953.8 15756.1 30455.5 28552.7 1902.8 22511.3 7944.2 27387.2 3134.3 584.4 2549.9 315.7 453.5 0.0 1711.3 1780.7 -69.4 2734.5 2665.1 2.9 49.2 28.6 292.0 16.2 104.1 102.6 886.3 89.9 18.6 1.9 20.7 12.4 1.1 63.4 492.7 11.3 8.4 56.2 49.3 11.8 193.3 27.1 26.6 88.6

419.3 315.8 419.3 315.8 0.0 0.0 2879.8 2753.2 2488.6 3895.0 5787.7 6964.0 6977.8 14041.8 12295.3 14160.1 -1190.1 -7077.8 7595.8 933.9 -6558.5 -13726.0 15959.4 10846.8 1093.9 16634.5 36129.6 33922.7 2206.9 27177.3 8952.3 33406.6 2784.8 557.3 2227.5 791.7 1134.9 0.0 5517.8 300.9 5216.9 1394.8 6611.7 55.1 82.9 47.3 283.4 13.4 5.5 21.1 956.8 92.5 20.0 1.5 7.3 35.5 1.3 51.3 126.5 26.2 6.2 49.1 31.7 10.9 217.2 -12.6 18.6 95.7 17671.1 11615.8 1213.1 18579.8 41155.8 37886.1 3269.7 29256.9 11898.9 36671.7 4628.2 442.1 4186.1 1144.2 2721.0 0.0 -5118.5 320.9 -5439.4 1534.0 -3905.4 2.6 49.6 21.9 320.4 22.5 -6.3 -39.3 974.6 89.1 9.6 1.1 47.3 27.3 0.6 94.7 111.8 61.6 10.2 92.3 67.1 11.2 221.5 88.0 13.9 97.5

631

Noon Pakistan Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

7.2 55.9 63.1 72.0 0.0 107.4 179.4 242.5 16.7 16.7 0.0 61.4 37.8 115.9 138.8 318.2 -22.9 155.9 -122.1 347.5 265.4 11.9 381.3 329.0 329.0 0.0 287.7 41.3 318.6 12.1 4.2 7.9 1.5 0.0 0.0 173.3 6.4 166.9 18.3 185.2 74.0 83.5 56.3 504.3 2.1 3.7 9.9 876.4 96.8 34.7 1.3 2.7 19.0 5.6 12.5 0.0 0.0 2.4 11.0 8.9 13.4 86.3 -15.4 3.0 87.6

2005
7.2 71.3 78.5 72.0 0.0 115.6 187.6 266.1 33.5 33.5 0.0 94.7 44.3 172.5 254.1 441.7 -81.6 250.7 -220.6 470.9 347.7 41.5 520.2 956.8 956.8 0.0 814.1 142.7 908.1 49.5 15.7 33.8 4.4 79.2 0.0 23.6 -49.8 73.4 -8.3 65.1 70.5 67.9 50.5 562.7 6.5 -211.0 -12.7 1090.3 94.9 31.7 1.6 6.3 13.0 2.7 43.1 37.1 100.9 3.5 46.9 40.8 15.6 183.9 326.4 190.8 109.0

2006
7.2 52.7 59.9 72.0 0.0 135.0 207.0 266.9 39.9 39.9 0.0 112.3 30.2 182.4 281.7 488.7 -99.3 275.7 -241.8 522.3 366.2 37.7 548.6 1160.9 1160.9 0.0 1020.2 140.7 1160.9 15.2 24.9 -9.7 5.5 0.0 0.0 0.8 -15.2 16.0 22.5 38.5 77.6 64.7 54.0 815.9 -1.8 -1900.0 58.4 831.9 100.0 163.8 2.1 9.0 -56.7 3.1 -16.2 0.0 0.0 -0.8 -13.5 -21.1 10.8 211.6 -128.8 21.3 83.2

2007
7.2 52.5 59.7 72.0 0.0 59.9 131.9 191.6 14.3 14.3 0.0 133.8 44.3 192.4 361.5 493.4 -169.1 232.2 -347.2 554.4 360.7 39.0 553.1 1168.2 1168.2 0.0 1004.4 163.8 1131.2 55.2 36.7 18.5 5.8 18.3 0.0 -75.3 -5.6 -69.7 33.4 -36.3 68.8 53.2 41.0 826.5 3.3 7.4 -92.0 829.2 96.8 66.5 3.1 15.8 31.4 3.4 31.0 69.4 30.7 1.6 25.7 17.6 10.6 211.2 -290.4 0.6 82.9

2008
43.2 77.1 120.3 72.0 0.0 90.4 162.4 282.7 29.3 29.3 0.0 223.3 73.4 326.0 465.6 628.0 -139.6 242.6 -436.3 631.2 422.2 39.2 748.2 1657.2 1657.2 0.0 1445.8 211.4 1593.2 84.8 35.8 49.0 8.2 0.0 0.0 91.1 40.8 50.3 80.0 130.3 57.4 70.0 54.3 522.0 6.5 44.8 61.4 278.5 96.1 42.2 2.2 14.8 16.7 3.1 40.7 0.0 0.0 3.0 11.3 9.4 10.9 221.5 -56.0 41.9 27.8

2009
115.2 123.2 238.4 0.0 0.0 72.9 72.9 311.3 10.8 10.8 0.0 198.7 90.0 299.5 434.4 507.3 -134.9 251.0 -423.6 684.7 446.2 43.1 745.7 1745.6 1745.6 0.0 1528.6 217.0 1672.5 97.2 51.1 46.1 0.5 0.0 11.5 28.6 45.6 -17.0 88.7 71.7 23.4 68.9 48.2 212.8 6.2 159.4 123.7 206.9 95.8 52.6 2.9 20.4 1.1 3.5 19.3 0.0 0.0 2.6 4.0 4.0 10.2 234.1 -64.6 5.3 20.7

632

Pace (Pakistan) Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

-

2005
-

2006
-

2007
2204.7 969.1 3173.8 0.0 0.0 54.8 54.8 3228.6 2059.2 307.9 1751.3 737.2 751.4 3547.8 575.8 630.6 2972.0 164.1 1483.4 311.9 256.4 13.3 3804.2 612.7 612.7 0.0 381.2 231.5 524.3 643.5 92.5 551.0 3.8 385.8 0.0 161.4 174.7 1.7 616.2 485.7 19.9 14.5 0.0 0.0 144.0 85.6 14.4 15.1 56.4 0.7 50.7 17.4 141.8 12.2 89.9 2.5 2.5 4.7 16.1 150.0 14.4

2008
2204.7 2345.6 4550.3 0.0 1499.4 20.1 1519.5 6069.8 5496.0 1314.9 4181.1 1364.4 1189.8 8050.2 2480.9 4000.4 5569.3 1564.3 3015.1 575.5 500.4 21.8 8550.6 1523.9 1523.9 0.0 984.0 539.9 1315.4 1680.2 246.3 1433.9 11.0 0.0 0.0 2841.2 1422.9 1418.3 1444.7 2863.0 25.0 324.5 276.5 87.9 16.8 50.1 50.5 206.4 86.3 14.7 16.2 15.7 0.8 64.0 31.5 0.0 0.0 94.1 6.5 6.5 8.0 17.8 160.0 148.7 20.6

2009
2328.2 2856.2 5184.4 0.0 1499.4 46.4 1545.8 6730.2 5044.5 340.7 4703.8 1937.5 1488.1 8470.1 2285.0 3830.8 6185.1 1576.8 2759.5 648.3 545.2 33.7 9015.3 1261.8 1261.8 0.0 944.4 317.4 1256.6 618.4 272.6 345.8 0.0 0.0 0.0 660.4 345.8 314.6 379.5 694.1 23.0 370.7 305.6 73.9 3.8 52.4 54.7 222.7 99.6 44.1 21.6 17.3 0.0 104.3 6.7 0.0 0.0 27.4 1.5 1.5 7.0 14.0 -76.9 -17.2 22.3

633

Pak Leather Crafts Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

34.0 25.9 59.9 0.0 0.0 0.0 0.0 59.9 11.9 11.9 0.0 49.2 269.6 330.7 323.1 323.1 7.6 220.7 -311.2 143.7 52.1 5.6 382.8 388.1 0.1 388.0 337.2 50.9 368.9 19.3 12.4 6.9 3.2 2.6 0.0 1.1 1.1 0.0 6.7 6.7 0.0 102.4 18.9 539.4 1.8 100.0 100.0 176.2 95.1 64.2 3.2 5.6 46.4 1.3 11.5 142.3 4.3 1.8 2.0 1.1 9.9 101.4 -143.5 61.8 17.6

2005
34.0 34.9 68.9 0.0 0.0 2.0 2.0 70.9 7.5 7.5 0.0 56.3 351.8 415.6 397.8 399.8 17.8 218.4 -390.3 148.3 53.1 5.6 468.7 515.5 515.0 0.5 449.0 66.5 489.5 26.3 13.5 12.8 4.6 2.6 0.0 11.0 5.6 5.4 11.2 16.6 2.8 104.5 16.0 580.3 2.7 50.9 67.5 202.6 95.0 51.3 2.6 6.2 35.9 3.3 18.6 315.4 3.8 2.5 3.8 2.4 10.7 110.0 90.0 32.8 20.3

2006
34.0 34.4 68.4 0.0 0.0 0.5 0.5 68.9 8.7 8.7 0.0 70.2 339.1 418.0 400.5 401.0 17.5 262.0 -391.8 152.5 51.4 5.9 469.4 519.0 12.2 506.8 443.0 76.0 482.5 36.6 25.6 11.0 5.7 3.4 0.0 -2.0 1.9 -3.9 7.8 3.9 0.7 104.4 19.7 586.3 2.3 -95.0 200.0 201.2 93.0 69.9 4.9 9.8 51.8 7.8 16.1 155.9 5.0 2.1 3.2 1.6 11.1 110.6 -15.8 0.7 20.1

2007
34.0 36.6 70.6 0.0 0.0 1.3 1.3 71.9 10.0 10.0 0.0 53.2 338.0 401.2 379.7 381.0 21.5 269.6 -369.7 156.0 50.4 5.7 451.6 599.2 24.7 574.5 519.1 80.1 563.6 35.9 24.5 11.4 6.5 3.4 0.0 3.0 1.5 1.5 7.2 8.7 1.8 105.7 16.6 539.7 2.5 50.0 82.8 207.6 94.1 68.2 4.1 9.1 57.0 5.3 16.1 144.1 4.8 1.9 3.4 1.4 11.1 132.7 6.3 15.5 20.8

2008
34.0 38.6 72.6 0.0 0.0 37.5 37.5 110.1 1.6 1.6 0.0 69.6 396.4 467.6 405.9 443.4 61.7 303.7 -404.3 158.1 48.3 4.1 515.9 651.4 3.4 648.0 572.2 79.2 613.4 38.0 29.8 8.2 6.5 0.0 0.0 38.2 1.7 36.5 5.8 42.3 34.1 115.2 17.5 610.7 1.6 4.5 13.7 213.5 94.2 78.4 4.6 9.8 79.3 6.2 11.3 0.0 0.0 1.3 2.4 0.5 8.1 126.3 -29.4 8.7 21.4

2009
34.0 -31.0 3.0 0.0 0.0 0.0 0.0 3.0 2.5 2.5 0.0 62.0 345.0 409.5 452.2 452.2 -42.7 267.0 -449.7 159.3 45.6 4.0 455.1 377.1 9.8 367.3 375.9 1.2 407.8 -30.6 35.0 -65.6 4.0 0.0 0.0 -107.1 -69.6 -37.5 -65.6 -103.1 0.0 90.6 14.3 15073.3 -14.4 65.0 63.6 8.8 108.1 -114.4 9.3 13.1 -6.1 7.0 -2186.7 0.0 0.0 -17.4 -19.3 -20.5 8.3 82.9 -904.2 -42.1 0.9

634

Pakistan Hotels Developers Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

180.0 700.0 880.0 0.0 0.0 10.9 10.9 890.9 22.7 22.7 0.0 36.8 0.2 59.7 268.3 279.2 -208.6 20.4 -245.6 1230.7 1108.9 36.5 1145.7 173.8 173.8 0.0 113.4 60.4 157.0 121.1 3.3 -96.6 12.9 45.0 0.0 0.0 214.4 -214.4 250.9 36.5 1.2 18400.0 18400.0 6.8 10.6 687.4 488.9 65.2 138.4 90.3 56.2 8.7 13.8 -121.9 -11.0 69.7 0.7 0.7 12.6 15.2 172.8 48.9

2005
180.0 742.3 922.3 0.0 0.0 88.8 88.8 1011.1 153.2 49.2 104.0 44.9 0.4 198.5 343.3 432.1 -144.8 200.8 -190.1 1321.5 1155.8 46.9 1354.3 269.1 269.1 0.0 137.2 131.9 208.9 71.7 6.3 65.4 17.0 45.0 0.0 120.2 3.4 116.8 50.3 167.1 8.8 57.8 57.7 46.9 4.8 2.8 30.1 512.4 77.6 8.8 2.3 3.1 26.0 11.2 7.1 107.6 4.9 24.3 3.6 2.7 4.2 19.9 200.0 54.8 51.2

2006
180.0 798.4 978.4 0.0 0.0 0.9 0.9 979.3 35.4 28.0 7.4 70.8 0.5 106.7 400.6 401.5 -293.9 130.7 -365.2 1487.1 1273.3 48.1 1380.0 475.9 475.9 0.0 168.4 307.5 252.0 215.8 13.6 202.2 77.4 63.0 0.0 -31.8 61.8 -93.6 109.9 16.3 0.1 26.6 26.5 41.0 14.7 -194.3 674.2 543.6 53.0 6.3 2.9 10.4 38.3 9.8 20.7 198.1 6.4 42.5 11.2 6.9 4.2 34.5 211.1 76.8 54.4

2007
180.0 2121.9 2301.9 0.0 0.0 1.2 1.2 2303.1 48.8 48.8 0.0 65.8 0.5 115.1 281.0 282.2 -165.9 21.0 -232.2 2614.2 2469.0 46.7 2584.1 498.3 498.3 0.0 181.2 317.1 278.0 128.5 11.2 117.3 42.0 54.0 0.0 1323.8 21.3 1302.5 68.0 1370.5 0.1 41.0 40.8 12.3 4.5 1.6 5.0 1278.8 55.8 8.7 2.2 53.3 35.8 10.3 5.1 139.4 2.3 23.5 6.5 4.2 3.7 19.3 -42.0 4.7 127.9

2008
180.0 2140.2 2320.2 0.0 0.0 0.9 0.9 2321.1 95.8 76.5 19.3 56.6 0.6 153.0 268.1 269.0 -115.1 7.0 -172.3 2628.3 2436.1 49.8 2589.1 390.5 390.5 0.0 177.9 212.6 270.0 118.8 0.4 118.4 46.6 0.0 0.0 18.0 71.8 -53.8 121.6 67.8 0.0 57.1 56.8 11.6 4.6 398.9 179.4 1289.0 69.1 0.3 0.1 5.7 39.4 10.1 5.1 0.0 0.0 30.3 6.6 4.0 2.0 15.1 1.5 -21.6 128.9

2009
180.0 2062.3 2242.3 0.0 0.0 0.2 0.2 2242.5 65.5 65.5 0.0 43.9 0.7 110.1 260.5 260.7 -150.4 1.0 -195.0 2632.8 2392.9 46.4 2503.0 323.8 323.8 0.0 168.8 155.0 256.3 17.0 0.3 16.7 28.4 0.0 0.0 -78.6 -11.7 -66.9 34.7 -32.2 0.0 42.3 42.0 11.6 0.7 14.9 -107.8 1245.7 79.2 1.8 0.1 30.0 170.1 7.7 0.7 0.0 0.0 5.2 0.9 -0.7 1.9 12.9 -86.4 -17.1 124.6

635

Pakistan Services Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

325.2 3884.2 4209.4 0.0 699.6 268.9 968.5 5177.9 451.9 436.9 15.0 768.5 29.1 1249.5 888.6 1857.1 360.9 1066.3 -436.7 6617.0 4816.9 153.0 6066.4 2569.5 2569.5 0.0 1718.1 851.4 2199.1 430.9 195.8 235.1 12.8 32.5 0.0 535.6 189.8 345.8 342.8 688.6 18.7 140.6 137.3 44.1 3.9 35.4 49.8 1294.4 85.6 45.4 7.6 18.4 5.4 4.5 5.6 684.0 0.8 9.1 7.2 6.8 3.2 42.4 213.0 30.0 129.4

2005
325.2 9598.0 9923.2 0.0 499.7 547.3 1047.0 10970.2 424.6 117.0 307.6 1640.9 28.0 2093.5 1438.3 2485.3 655.2 1329.0 -1013.7 12284.7 10315.1 174.7 12408.6 3829.8 3829.8 0.0 2684.9 1144.9 3293.6 636.6 174.1 462.5 175.2 32.5 0.0 5792.3 254.8 5537.5 429.5 5967.0 9.5 145.6 143.6 25.0 3.7 4.4 7.2 3051.4 86.0 27.3 4.5 13.1 37.9 4.1 4.7 884.0 0.3 12.1 14.2 8.8 3.6 30.9 97.2 49.0 305.1

2006
325.2 10103.3 10428.5 0.0 299.8 444.0 743.8 11172.3 1432.5 542.0 890.5 1214.4 35.2 2682.1 1823.0 2566.8 859.1 1047.1 -390.5 12476.2 10313.3 200.3 12995.4 4875.5 4875.5 0.0 3346.8 1528.7 4039.0 1007.8 203.0 804.8 266.7 81.3 0.0 202.1 456.8 -254.7 657.1 402.4 6.7 147.1 145.2 24.6 6.2 226.0 163.3 3206.8 82.8 20.1 4.2 19.4 33.1 4.5 7.7 661.9 0.8 16.5 24.7 16.5 1.9 37.5 73.9 27.3 320.7

2007
325.2 10671.5 10996.7 0.0 99.9 312.0 411.9 11408.6 1990.7 537.9 1452.8 569.6 29.2 2589.5 1921.9 2333.8 667.6 743.8 68.8 13083.2 10741.0 183.8 13330.5 5679.6 5679.6 0.0 3805.6 1874.0 4697.7 1189.0 187.8 1001.2 299.6 81.3 0.0 236.3 620.3 -384.0 804.1 420.1 3.6 134.7 133.2 21.2 7.5 262.5 191.4 3381.5 82.7 15.8 3.3 25.2 29.9 4.7 9.1 863.0 0.7 17.6 30.8 21.6 1.8 42.6 24.7 16.5 338.2

2008
325.2 11006.8 11332.0 0.0 0.0 199.5 199.5 11531.5 2591.9 297.2 2294.7 607.5 45.7 3245.1 2639.9 2839.4 605.2 944.7 -48.0 13543.8 10926.3 229.6 14171.4 5485.7 5485.7 0.0 3878.2 1607.5 4847.5 615.2 135.2 480.0 181.0 48.8 0.0 122.9 250.2 -127.3 479.8 352.5 1.7 122.9 121.2 25.1 3.4 203.6 136.1 3484.6 88.4 22.0 2.5 14.3 37.7 6.1 4.2 612.7 0.4 8.8 14.8 9.2 2.1 38.7 -51.9 -3.4 348.5

2009
325.2 10655.9 10981.1 0.0 0.0 108.0 108.0 11089.1 1178.6 71.6 1107.0 2045.8 42.9 3267.3 2898.5 3006.5 368.8 947.2 -1719.9 13389.3 10720.5 256.6 13987.8 4462.6 4462.6 0.0 3041.3 1421.3 4804.4 105.1 206.5 -101.4 161.7 0.0 0.0 -442.4 -263.1 -179.3 -6.5 -185.8 1.0 112.7 111.2 27.4 -0.7 59.5 3.5 3376.7 107.7 196.5 4.6 21.8 -159.5 5.1 -0.9 0.0 0.0 -2.3 -3.1 -8.1 2.4 31.9 -120.9 -18.7 337.7

636

Quice Food Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

106.9 -174.0 -67.1 0.0 0.0 35.0 35.0 -32.1 0.6 0.6 0.0 57.6 9.2 67.4 156.8 191.8 -89.4 114.7 -156.2 112.2 57.3 6.3 124.7 17.5 17.5 0.0 49.2 -31.7 52.1 -34.6 20.2 -54.8 0.1 0.0 0.0 -213.1 -54.9 -158.2 -48.6 -206.8 43.0 37.1 -43.9 -62.8 297.7 115.4 17.6 244.0 -313.1 -5.1 -5.1 9.9 14.0 750.0 84.2 -6.3

2005
106.9 -136.0 -29.1 0.0 0.0 20.0 20.0 -9.1 0.1 0.1 0.0 13.5 8.1 21.7 77.4 97.4 -55.7 85.0 -77.3 112.2 46.6 5.1 68.3 32.2 32.2 0.0 25.0 7.2 30.0 206.7 0.0 206.7 0.2 0.0 0.0 23.0 206.5 -183.5 211.6 28.1 28.0 17.6 302.6 897.8 753.0 -27.2 93.2 0.0 0.0 0.0 0.1 36.0 641.9 19.3 19.3 9.9 47.1 -478.4 84.0 -2.7

2006
106.9 -136.0 -29.1 0.0 0.0 20.0 20.0 -9.1 0.1 0.1 0.0 13.5 8.1 21.7 77.4 97.4 -55.7 85.0 -77.3 112.2 46.6 5.1 68.3 32.2 32.2 0.0 25.0 7.2 30.0 206.7 0.0 206.7 0.2 0.0 0.0 0.0 206.5 -206.5 211.6 5.1 0.0 28.0 17.6 0.0 302.6 0.0 4149.0 -27.2 93.2 0.0 0.0 0.0 0.1 36.0 0.0 0.0 0.0 641.9 19.3 19.3 9.9 47.1 0.0 0.0 -2.7

2007
106.9 -128.4 -21.5 0.0 0.0 0.0 0.0 -21.5 0.9 0.9 0.0 24.1 8.1 33.1 92.5 92.5 -59.4 55.0 -91.6 112.2 37.9 4.1 71.0 52.2 52.2 0.0 38.5 13.7 46.0 6.2 0.0 6.2 0.3 0.0 0.0 -12.4 5.9 -18.3 10.0 -8.3 0.0 35.8 27.0 0.0 8.7 -47.6 -120.5 -20.1 88.1 0.0 0.0 0.0 4.8 37.0 0.0 0.0 0.0 11.9 0.6 0.6 9.7 73.5 -96.9 62.1 -2.0

2008
106.9 -122.5 -15.6 0.0 0.0 0.0 0.0 -15.6 0.2 0.2 0.0 26.1 13.1 39.4 89.2 89.2 -49.8 46.1 -89.0 112.2 34.3 3.7 73.7 53.5 53.5 0.0 39.6 13.9 47.2 6.3 0.0 6.3 0.3 0.0 0.0 5.9 6.0 -0.1 9.7 9.6 0.0 44.2 29.5 0.0 8.5 101.7 101.0 -14.6 88.2 0.0 0.0 0.0 4.8 44.9 0.0 0.0 0.0 11.8 0.6 0.6 9.8 72.6 0.0 2.5 -1.5

2009
106.9 -124.1 -17.2 0.0 0.0 19.1 19.1 1.9 0.0 0.0 0.0 20.6 0.3 20.9 50.0 69.1 -29.1 37.1 -50.0 112.2 30.9 3.3 51.8 29.3 29.3 0.0 23.9 5.4 149.4 -101.6 0.0 -101.6 0.0 0.0 0.0 17.5 -101.6 119.1 -98.3 20.8 1005.3 41.8 41.2 0.0 -196.1 -580.6 -472.6 -16.1 509.9 0.0 0.0 0.0 0.0 67.6 0.0 0.0 0.0 -346.8 -9.5 -9.5 9.6 56.6 -1683.3 -45.2 -1.6

637

Rafhan Maize Products Co. Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

92.4 2182.7 2275.1 0.0 0.0 0.0 0.0 2275.1 33.1 33.1 0.0 354.9 1186.5 1574.5 846.5 846.5 728.0 187.7 -813.4 2526.9 1547.1 117.0 3121.6 5078.0 4971.4 106.6 3827.2 1250.8 4054.9 1055.1 5.1 1050.0 257.0 147.8 0.0 525.1 645.2 -120.1 762.2 642.1 0.0 186.0 45.8 37.2 33.6 122.9 118.7 2462.2 79.9 0.5 0.1 2.7 24.5 3.3 46.2 536.5 6.5 20.7 113.6 85.8 9.6 162.7 23.7 25.2 246.2

2005
92.4 2470.4 2562.8 0.0 0.0 0.0 0.0 2562.8 14.5 14.5 0.0 419.0 1378.0 1811.5 928.4 928.4 883.1 191.5 -913.9 2824.1 1679.7 168.9 3491.2 5584.4 5409.2 175.2 4389.6 1194.8 4672.8 958.5 8.3 950.2 360.1 323.3 0.0 287.7 266.8 20.9 435.7 456.6 0.0 195.1 46.7 36.2 27.2 92.7 95.4 2773.6 83.7 0.9 0.1 4.3 37.9 3.9 37.1 182.5 12.6 17.0 102.8 63.9 10.9 160.0 -9.5 10.0 277.4

2006
92.4 2634.3 2726.7 0.0 0.0 0.0 0.0 2726.7 236.3 236.3 0.0 516.2 1160.6 1913.1 800.0 800.0 1113.1 0.0 -563.7 2936.5 1613.5 187.9 3526.6 6360.9 6145.5 215.4 4789.8 1571.1 5132.5 1272.9 20.4 1252.5 396.6 6927.3 0.0 163.9 -6071.4 6235.3 -5883.5 351.8 0.0 239.1 94.1 29.3 35.5 -3704.3 -1672.4 2951.0 80.7 1.6 0.3 0.0 31.7 4.2 45.9 12.4 254.1 19.7 135.6 92.6 11.2 180.4 31.9 13.9 295.1

2007
92.4 2933.3 3025.7 0.0 0.0 0.0 0.0 3025.7 305.4 305.4 0.0 687.7 1361.8 2354.9 919.9 919.9 1435.0 0.0 -614.5 3042.5 1590.6 136.8 3945.5 7893.4 7389.1 504.3 5795.2 2098.2 6263.3 1693.0 11.8 1681.2 551.9 831.3 0.0 299.0 298.0 1.0 434.8 435.8 0.0 256.0 108.0 30.4 42.6 99.7 99.8 3274.6 79.3 0.7 0.1 0.0 32.8 4.2 55.6 135.8 27.5 21.3 181.9 122.2 8.5 200.1 34.1 24.1 327.5

2008
92.4 3486.1 3578.5 0.0 0.0 0.0 0.0 3578.5 13.7 13.7 0.0 752.3 2406.1 3172.1 1650.3 1650.3 1521.8 493.7 -1636.6 3647.4 2056.7 140.1 5228.8 11250.8 10817.0 433.8 8509.6 2741.2 9006.6 2335.1 36.1 2299.0 815.2 923.6 0.0 552.8 560.2 -7.4 700.3 692.9 0.0 192.2 46.4 46.1 44.0 101.3 101.1 3872.8 80.1 1.5 0.3 7.3 35.5 3.1 64.2 160.7 25.8 20.4 248.8 160.6 8.8 215.2 36.8 42.5 387.3

2009
92.4 3915.4 4007.8 0.0 0.0 0.0 0.0 4007.8 673.4 673.4 0.0 711.8 1166.1 2551.3 1296.8 1296.8 1254.5 0.0 -623.4 4463.3 2753.2 150.9 5304.5 11428.1 11123.5 304.6 8992.7 2435.4 9446.7 2060.7 48.8 2011.9 670.1 831.3 0.0 429.3 510.5 -81.2 661.4 580.2 0.0 196.7 106.8 32.4 37.9 118.9 114.0 4337.4 82.7 2.4 0.4 0.0 33.3 2.8 50.2 161.4 20.7 17.6 217.7 145.2 7.3 215.4 -12.5 1.6 433.7

638

Service Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

120.3 400.0 520.3 0.0 0.0 140.1 140.1 660.4 15.1 5.0 10.1 973.6 727.1 1715.8 1436.3 1576.4 279.5 1030.5 -1421.2 888.9 380.9 44.9 2096.7 3279.3 2484.5 794.8 2949.1 330.2 3184.3 106.8 64.5 42.3 14.2 18.0 0.0 44.6 10.1 34.5 55.0 89.5 21.2 119.5 68.8 303.0 2.0 22.6 61.5 432.5 97.1 60.4 2.0 6.3 33.6 22.4 8.1 156.1 3.5 1.3 3.5 2.3 11.8 156.4 84.2 7.3 43.3

2005
120.3 443.9 564.2 0.0 0.0 265.4 265.4 829.6 12.0 4.8 7.2 1031.3 778.8 1822.1 1497.9 1763.3 324.2 1159.7 -1485.9 1042.8 505.4 41.5 2327.5 3820.3 2809.6 1010.7 3352.0 468.3 3638.1 190.4 116.1 74.3 17.1 18.0 0.0 169.2 39.2 130.0 80.7 210.7 32.0 121.6 69.7 312.5 3.2 23.2 38.3 469.0 95.2 61.0 3.0 10.0 23.0 20.6 13.2 317.8 3.2 1.9 6.2 4.8 10.9 164.1 77.1 16.5 46.9

2006
120.3 509.5 629.8 0.0 0.0 402.9 402.9 1032.7 5.9 5.9 0.0 942.1 836.7 1784.7 1445.1 1848.0 339.6 1244.3 -1439.2 1284.4 693.0 59.4 2477.7 4152.4 3267.7 884.7 3572.4 580.0 3861.2 300.4 156.5 143.9 26.1 36.1 0.0 203.1 81.7 121.4 141.1 262.5 39.0 123.5 65.6 293.4 5.8 40.2 53.8 523.5 93.0 52.1 3.8 12.6 18.1 17.3 22.8 326.3 5.7 3.5 12.0 9.8 11.8 167.6 93.5 8.7 52.4

2007
120.3 634.9 755.2 0.0 0.0 376.1 376.1 1131.3 7.5 7.5 0.0 914.8 698.6 1620.9 1319.5 1695.6 301.4 982.5 -1312.0 1477.7 829.8 81.6 2450.7 4871.9 3788.9 1083.0 4155.9 716.0 4491.6 386.6 150.3 236.3 37.5 54.1 0.0 98.6 144.7 -46.1 226.3 180.2 33.2 122.8 69.9 224.5 9.6 146.8 125.6 627.8 92.2 38.9 3.1 15.3 15.9 13.4 31.3 367.5 7.2 4.9 19.6 16.5 11.8 198.8 63.3 17.3 62.8

2008
120.3 921.4 1041.7 0.0 0.0 310.6 310.6 1352.3 7.0 7.0 0.0 1264.9 1182.6 2454.5 1989.7 2300.3 464.8 1236.5 -1982.7 1611.4 887.4 96.3 3341.9 6877.3 5327.7 1549.6 5839.2 1038.1 6245.9 643.3 165.2 478.1 127.8 0.0 0.0 221.0 350.3 -129.3 446.6 317.3 23.0 123.4 63.9 220.8 14.3 158.5 140.8 865.9 90.8 25.7 2.4 13.4 26.7 2.8 45.9 0.0 0.0 7.0 39.7 29.1 11.6 205.8 102.6 41.2 86.6

2009
120.3 1401.8 1522.1 0.0 0.0 178.4 178.4 1700.5 208.4 208.4 0.0 1166.0 1253.2 2627.6 1950.8 2129.2 676.8 950.5 -1742.4 1769.1 1023.7 102.6 3651.3 7680.2 6030.7 1649.5 6102.3 1577.9 6599.7 1098.1 162.1 936.0 222.3 240.6 0.0 348.2 473.1 -124.9 575.7 450.8 10.5 134.7 70.5 139.9 25.6 135.9 127.7 1265.3 85.9 14.8 2.1 17.1 23.8 10.3 61.5 296.6 15.8 12.2 77.8 59.3 11.6 210.3 96.0 11.7 126.5

639

Shabbir Tiles And Ceramics Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

86.2 285.2 371.4 0.0 0.0 114.9 114.9 486.3 58.1 57.0 1.1 211.5 130.5 400.1 266.4 381.3 133.7 256.7 -208.3 614.9 352.7 33.7 752.8 1026.2 1013.6 12.6 827.2 199.0 948.8 81.8 14.9 66.9 27.4 12.9 8.6 33.5 26.6 6.9 60.3 67.2 23.6 150.2 101.2 102.7 8.9 79.4 89.7 430.9 92.5 18.2 1.5 5.8 41.0 15.7 18.0 306.2 3.5 6.5 7.8 4.6 11.2 136.3 -10.3 8.2 43.1

2005
94.9 352.9 447.8 0.0 0.0 173.2 173.2 621.0 60.7 59.7 1.0 330.3 144.9 535.9 390.8 564.0 145.1 435.9 -330.1 753.7 475.9 43.8 1011.8 1393.4 1372.1 21.3 1105.9 287.5 1262.2 132.1 19.6 112.5 43.0 12.9 0.0 134.7 56.6 78.1 100.4 178.5 27.9 137.1 100.1 125.9 11.1 42.0 56.2 471.9 90.6 14.8 1.4 4.5 38.2 19.6 25.1 538.8 2.9 8.1 11.9 7.3 12.4 137.7 52.6 35.8 47.2

2006
113.8 388.7 502.5 0.0 0.0 220.6 220.6 723.1 83.2 82.3 0.9 377.6 153.3 614.1 485.6 706.2 128.5 509.5 -402.4 952.2 594.6 80.0 1208.7 1899.7 1881.3 18.4 1467.4 432.3 1726.4 175.5 49.5 126.0 44.7 17.1 0.0 102.1 64.2 37.9 144.2 182.1 30.5 126.5 94.9 140.5 10.4 62.9 79.2 441.6 90.9 28.2 2.6 9.7 35.5 16.2 25.1 475.4 3.4 6.6 11.1 7.1 16.8 157.2 -6.7 36.3 44.2

2007
136.6 430.8 567.4 0.0 0.0 264.7 264.7 832.1 68.5 67.7 0.8 403.5 165.4 637.4 536.1 800.8 101.3 563.5 -467.6 1175.5 730.9 89.5 1368.3 1995.8 1981.0 14.8 1555.4 440.4 1819.6 177.9 51.8 126.1 27.9 0.0 27.3 109.0 98.2 10.8 187.7 198.5 31.8 118.9 88.0 141.1 9.2 90.1 94.6 415.4 91.2 29.1 2.6 9.2 22.1 15.5 22.2 0.0 0.0 6.3 9.2 7.2 15.1 145.9 -17.1 5.1 41.5

2008
163.9 581.2 745.1 0.0 0.0 955.1 955.1 1700.2 135.9 135.2 0.7 548.2 276.5 960.6 788.1 1743.2 172.5 1385.5 -652.2 2089.0 1527.6 117.3 2488.2 2363.2 2339.2 24.0 1829.6 533.6 2157.6 206.8 62.1 144.7 31.4 0.0 32.8 868.1 113.3 754.8 230.6 985.4 56.2 121.9 86.8 234.0 5.8 13.1 23.4 454.6 91.3 30.0 2.6 4.5 21.7 13.2 19.4 0.0 0.0 6.1 8.8 6.9 16.0 95.0 -4.3 18.4 45.5

2009
360.6 904.2 1264.8 0.0 0.0 2839.5 2839.5 4104.3 148.5 147.9 0.6 786.6 646.5 1581.6 1591.2 4430.7 -9.6 3559.4 -1442.7 4859.7 4113.9 193.4 5695.5 2853.3 2792.8 60.5 2068.4 784.9 2515.3 340.5 266.8 73.7 4.7 0.0 0.0 2404.1 69.0 2335.1 262.4 2597.5 69.2 99.4 58.8 350.3 1.3 2.9 10.1 350.7 88.2 78.4 9.4 7.5 6.4 19.8 5.8 0.0 0.0 2.6 2.0 1.9 12.7 50.1 -77.3 20.7 35.1

640

Shakarganj Food Ltd. (Al-Jadeed Textile Mills Ltd.)

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

-

2005
23.2 -71.9 -48.7 0.0 0.0 0.0 0.0 -48.7 2.3 2.3 0.0 1.3 2.2 5.8 66.9 66.9 -61.1 0.0 -64.6 42.0 12.4 1.0 18.2 6.0 6.0 0.0 1.9 4.1 11.4 -4.8 0.0 -4.8 0.0 0.0 0.0 -4.8 -3.8 8.7 5.4 -26.4 0.0 0.0 -209.9 190.0 0.0 3.3 -80.0 -2.1 -2.1 7.5 33.0 -310.0 -21.0

2006
23.2 -71.9 -48.7 0.0 0.0 0.0 0.0 -48.7 2.3 2.3 0.0 1.3 2.2 5.8 66.9 66.9 -61.1 0.0 -64.6 42.0 12.4 1.0 18.2 6.0 6.0 0.0 1.9 4.1 11.4 -4.8 0.0 -4.8 0.0 0.0 0.0 0.0 -4.8 4.8 -3.8 1.0 0.0 8.7 5.4 0.0 -26.4 0.0 -380.0 -209.9 190.0 0.0 0.0 0.0 0.0 3.3 0.0 0.0 0.0 -80.0 -2.1 -2.1 7.5 33.0 0.0 0.0 -21.0

2007
30.0 -61.3 -31.3 0.0 0.0 30.8 30.8 -0.5 0.0 0.0 0.0 0.5 0.0 0.5 0.9 31.7 -0.4 30.8 -0.9 0.0 0.0 0.0 0.5 0.0 0.0 0.0 0.0 0.0 0.2 -0.2 0.0 -0.2 0.0 0.0 0.0 48.2 -0.2 48.4 -0.2 48.2 0.0 55.6 55.6 0.0 -40.0 -0.4 -0.4 -104.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 -0.1 0.0 0.0 -95.2 -100.0 -10.4

2008
30.0 -61.6 -31.6 0.0 0.0 0.0 0.0 -31.6 0.0 0.0 0.0 0.0 0.0 0.0 31.6 31.6 -31.6 0.0 -31.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 -0.3 0.0 -0.3 0.0 0.0 0.0 -31.1 -0.3 -30.8 -0.3 -31.1 0.0 0.0 0.0 0.0 0.0 1.0 1.0 -105.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 -0.1 0.0 0.0 0.0 -10.5

2009
30.0 -61.7 -31.7 0.0 0.0 0.0 0.0 -31.7 0.0 0.0 0.0 61.7 0.0 61.7 93.4 93.4 -31.7 0.0 -93.4 0.0 0.0 0.0 61.7 0.0 0.0 0.0 0.0 0.0 61.7 -61.7 0.0 -61.7 0.0 0.0 0.0 -0.1 -61.7 61.6 -61.7 -0.1 0.0 66.1 66.1 0.0 -100.0 61700.0 61700.0 -105.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -20.6 -20.6 0.0 0.0 20500.0 -10.6

641

Shezan International Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

50.0 329.2 379.2 0.0 0.0 24.3 24.3 403.5 59.9 48.7 11.2 85.9 370.8 516.6 256.5 280.8 260.1 55.9 -196.6 331.3 143.5 18.7 660.1 1367.4 1329.7 37.7 1043.0 324.4 1277.9 98.2 5.3 92.9 35.0 0.0 0.0 172.3 57.9 114.4 76.6 191.0 6.0 201.4 56.8 74.1 14.1 33.6 40.1 758.4 93.5 5.4 0.4 9.5 37.7 1.8 24.5 0.0 6.8 18.6 11.6 20.7 207.2 69.1 13.4 75.8

2005
50.0 428.6 478.6 0.0 0.0 25.3 25.3 503.9 123.3 112.5 10.8 90.4 400.6 614.3 268.9 294.2 345.4 54.7 -145.6 357.4 158.6 24.1 772.9 1670.8 1635.2 35.6 1213.8 457.0 1503.0 179.5 4.1 175.4 70.0 37.5 0.0 100.4 67.9 32.5 92.0 124.5 5.0 228.4 79.5 61.5 22.7 67.6 73.9 957.2 90.0 2.3 0.2 7.5 39.9 2.9 36.6 281.1 7.8 10.5 35.1 21.1 16.8 216.2 88.7 22.2 95.7

2006
50.0 501.4 551.4 0.0 0.0 43.8 43.8 595.2 87.8 76.7 11.1 99.0 582.4 769.2 406.7 450.5 362.5 121.0 -318.9 407.7 232.7 25.6 1001.9 2182.5 2138.3 44.2 1622.1 560.4 2005.8 195.3 8.9 186.4 55.0 55.0 0.0 91.3 76.4 14.9 102.0 116.9 7.4 189.1 45.9 81.7 18.6 83.7 87.3 1102.8 91.9 4.6 0.4 7.4 29.5 2.0 33.8 238.9 10.0 8.5 37.3 26.3 16.1 217.8 6.3 30.6 110.3

2007
50.0 575.4 625.4 0.0 0.0 27.0 27.0 652.4 108.2 108.2 0.0 144.5 610.9 863.6 467.9 494.9 395.7 66.1 -359.7 451.2 256.8 33.8 1120.4 2634.4 2574.3 60.1 1949.3 685.1 2377.0 270.6 12.9 257.7 110.0 50.0 10.0 57.2 97.7 -40.5 131.5 91.0 4.1 184.6 54.0 79.1 23.0 170.8 144.5 1250.8 90.2 4.8 0.5 19.5 42.7 2.3 41.2 295.4 8.0 9.8 51.5 29.5 14.5 235.1 38.1 20.7 125.1

2008
60.0 676.7 736.7 0.0 0.0 4.4 4.4 741.1 93.9 84.0 9.9 231.7 689.4 1015.0 566.9 571.3 448.1 27.8 -473.0 515.4 292.9 36.2 1307.9 3020.5 2961.3 59.2 2243.3 777.2 2763.0 276.6 8.1 268.5 90.0 60.0 0.0 88.7 118.5 -29.8 154.7 124.9 0.6 179.0 57.4 77.5 20.5 133.6 123.9 1227.8 91.5 2.9 0.3 29.1 33.5 2.5 36.4 297.5 8.1 8.9 44.8 29.8 14.1 230.9 -13.0 14.7 122.8

2009
60.0 717.8 777.8 0.0 0.0 0.5 0.5 778.3 79.3 70.8 8.5 219.5 755.7 1054.5 576.0 576.5 478.5 34.6 -496.7 555.6 299.8 39.3 1354.3 2728.7 2603.9 124.8 1974.4 754.3 2581.7 167.1 6.5 160.6 60.1 36.0 0.0 37.2 64.5 -27.3 103.8 76.5 0.1 183.1 51.9 74.1 11.9 173.4 135.7 1296.3 94.6 3.9 0.2 18.8 37.4 3.2 20.6 279.2 4.6 5.9 26.8 16.8 13.4 201.5 -40.2 -9.7 129.6

642

Shield Corporation Ltd.(Transpak Corp.)

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

30.0 84.7 114.7 0.0 0.0 0.0 0.0 114.7 0.3 0.3 0.0 17.5 51.2 69.0 54.4 54.4 14.6 11.8 -54.1 186.3 100.1 12.1 169.1 221.6 221.6 0.0 152.6 69.0 212.8 10.5 1.0 9.5 3.5 0.0 0.0 6.0 18.1 0.0 126.8 32.7 47.4 5.6 0.0 0.0 382.3 96.0 9.5 0.5 8.5 36.8 1.2 8.3 0.0 4.3 3.2 2.0 11.9 131.0 38.2

2005
30.0 88.9 118.9 0.0 0.0 0.0 0.0 118.9 0.3 0.3 0.0 14.8 57.7 72.8 57.5 57.5 15.3 18.2 -57.2 205.3 103.5 12.2 176.3 292.6 292.2 0.4 192.1 100.5 283.9 9.0 1.4 7.6 0.2 0.0 0.0 4.2 7.4 -3.2 19.6 16.4 0.0 126.6 26.3 48.4 4.3 176.2 119.5 396.3 97.0 15.6 0.5 7.7 2.6 0.5 6.4 0.0 2.6 2.5 2.5 12.2 166.0 -21.9 32.0 39.6

2006
30.0 101.2 131.2 0.0 0.0 0.0 0.0 131.2 1.4 1.4 0.0 16.9 73.5 91.8 75.1 75.1 16.7 16.5 -73.7 229.0 114.6 13.5 206.4 363.7 363.7 0.0 234.4 129.3 341.6 22.3 4.4 17.9 2.6 3.8 0.0 12.3 11.5 0.8 25.0 25.8 0.0 122.2 24.4 57.2 8.7 93.5 96.9 437.3 93.9 19.7 1.2 26.7 14.5 0.5 13.6 402.6 2.9 4.9 6.0 5.1 13.0 176.2 140.0 24.3 43.7

2007
30.0 98.6 128.6 0.0 0.0 0.0 0.0 128.6 0.8 0.8 0.0 57.0 107.9 165.7 162.3 162.3 3.4 75.4 -161.5 252.1 125.3 15.1 291.0 430.6 430.0 0.6 286.0 144.6 411.0 19.9 6.6 13.3 2.5 4.5 0.0 -2.6 6.3 -8.9 21.4 12.5 0.0 102.1 35.6 126.2 4.6 -242.3 171.2 428.7 95.4 33.2 1.5 8.8 18.8 8.2 10.3 240.0 3.5 3.1 4.4 3.6 13.2 148.0 -26.7 18.4 42.9

2008
30.0 99.9 129.9 0.0 0.0 0.0 0.0 129.9 0.1 0.1 0.0 45.9 99.3 145.3 170.2 170.2 -24.9 72.0 -170.1 269.0 154.8 14.1 300.1 512.0 510.9 1.1 370.3 141.7 495.7 16.6 7.2 9.4 0.3 3.0 0.0 1.3 6.1 -4.8 20.2 15.4 0.0 85.4 27.0 131.0 3.1 469.2 131.2 433.0 96.8 43.4 1.4 10.0 3.2 1.6 7.2 303.3 2.3 1.8 3.1 3.0 11.3 170.6 -29.5 18.9 43.3

2009
30.0 101.7 131.7 0.0 0.0 0.0 0.0 131.7 0.4 0.4 0.0 29.2 121.5 151.1 226.6 226.6 -75.5 54.3 -226.2 353.2 207.1 16.2 358.2 489.1 486.6 2.5 342.3 146.8 467.6 22.0 10.2 11.8 0.0 0.0 9.0 1.8 11.8 -10.0 28.0 18.0 0.0 66.7 13.1 172.1 3.3 655.6 155.6 439.0 95.6 46.4 2.1 18.8 0.0 1.1 9.0 0.0 0.0 2.4 3.9 3.9 10.5 136.5 25.8 -4.5 43.9

643

Shifa International Hospitals Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

505.1 207.4 712.5 0.0 0.0 264.7 264.7 977.2 72.1 72.1 0.0 132.8 12.1 217.0 275.9 540.6 -58.9 341.2 -203.8 1364.1 1036.2 52.6 1253.2 683.7 683.7 0.0 412.1 271.6 565.2 120.8 13.7 107.1 3.3 50.5 0.0 243.5 53.3 190.2 105.9 296.1 27.1 78.7 74.3 75.9 8.5 21.9 35.8 141.1 82.7 11.3 2.0 4.0 3.1 11.3 15.0 205.5 7.1 15.7 2.1 2.1 7.2 54.6 40.0 26.9 14.1

2005
505.1 316.9 822.0 0.0 0.0 227.0 227.0 1049.0 76.5 71.5 5.0 214.2 12.6 303.3 444.7 671.7 -141.4 390.7 -368.2 1565.0 1190.5 65.6 1493.8 876.9 876.9 0.0 387.6 489.3 738.2 188.1 23.9 164.2 4.6 0.0 0.0 71.8 159.6 -87.8 225.2 137.4 21.6 68.2 65.4 81.7 11.0 222.3 163.9 162.7 84.2 12.7 2.7 6.1 2.8 0.0 20.0 0.0 18.7 3.3 3.2 6.3 58.7 57.1 28.3 16.3

2006
505.1 365.5 870.6 0.0 0.0 232.8 232.8 1103.4 83.5 83.5 0.0 260.6 20.1 364.2 599.9 832.7 -235.7 468.6 -516.4 1786.3 1339.2 74.1 1703.4 1111.3 1111.3 0.0 766.8 344.5 941.3 229.3 40.0 189.3 5.8 50.5 0.0 54.4 133.0 -78.6 207.1 128.5 21.1 60.7 57.4 95.6 11.1 244.5 161.2 172.4 84.7 17.4 3.6 8.5 3.1 13.4 21.7 363.4 5.8 17.0 3.7 3.6 6.2 65.2 12.1 26.7 17.2

2007
505.1 429.1 934.2 0.0 0.0 537.0 537.0 1471.2 125.6 125.6 0.0 250.8 29.8 406.2 708.5 1245.5 -302.3 727.7 -582.9 2306.2 1773.6 88.3 2179.8 1324.7 1324.7 0.0 837.9 486.8 1139.7 192.8 66.4 126.4 0.0 50.5 0.0 367.8 75.9 291.9 164.2 456.1 36.5 57.3 53.1 133.3 5.8 20.6 36.0 185.0 86.0 34.4 5.0 9.1 0.0 9.9 13.5 250.3 5.4 9.5 2.5 2.5 6.6 60.8 -32.4 19.2 18.5

2008
505.1 533.2 1038.3 0.0 0.0 644.6 644.6 1682.9 168.6 168.6 0.0 313.0 44.9 526.5 641.0 1285.6 -114.5 717.9 -472.4 2441.3 1797.5 113.0 2324.0 1669.1 1669.1 0.0 681.8 987.3 1361.4 319.9 87.0 232.9 8.2 50.5 0.0 211.7 174.2 37.5 287.2 324.7 38.3 82.1 75.1 123.8 10.0 82.3 88.5 205.6 81.6 27.2 5.2 12.1 3.5 9.2 22.4 445.0 4.9 14.0 4.6 4.4 6.4 71.8 84.0 26.0 20.6

2009
505.1 1002.8 1507.9 0.0 0.0 535.4 535.4 2043.3 133.5 133.5 0.0 357.3 65.6 556.4 796.0 1331.4 -239.6 700.8 -662.5 3017.2 2283.0 132.0 2839.4 1948.8 1948.8 0.0 1652.7 296.1 1652.7 316.2 109.1 207.1 35.9 121.2 0.0 360.4 50.0 310.4 182.0 492.4 26.2 69.9 61.7 88.3 7.3 13.9 37.0 298.5 84.8 34.5 5.6 15.6 17.3 9.5 13.7 141.3 8.0 10.6 4.1 3.4 7.3 68.6 -10.9 16.8 29.9

644

Siddiqsons Tin Plate

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

-

2005
-

2006
713.8 731.0 1444.8 0.0 0.0 0.0 0.0 1444.8 190.7 190.7 0.0 390.3 1079.4 1660.4 1160.6 1160.6 499.8 1047.3 -969.9 1292.7 945.0 57.5 2605.4 3227.9 3227.9 0.0 2734.4 493.5 2812.2 417.2 61.4 355.8 16.9 71.4 71.4 267.5 325.0 0.0 143.1 50.1 80.3 13.7 0.0 0.0 202.4 87.1 14.7 1.9 5.9 4.7 12.2 24.6 474.6 4.9 11.0 5.0 4.7 5.8 123.9 400.0 20.2

2007
785.2 837.4 1622.6 0.0 0.0 0.0 0.0 1622.6 363.4 363.4 0.0 828.4 159.2 1351.0 605.1 605.1 745.9 474.3 -241.7 1337.5 876.8 49.4 2227.8 3510.3 3510.3 0.0 3101.9 408.4 3183.9 328.3 62.2 266.1 15.2 117.8 0.0 177.8 133.1 44.7 182.5 227.2 0.0 223.3 197.0 37.3 11.9 74.9 80.3 206.6 90.7 18.9 1.8 13.1 5.7 20.0 16.4 213.0 7.3 7.6 3.4 3.2 5.2 157.6 -32.0 8.7 20.7

2008
785.2 888.7 1673.9 0.0 0.0 0.0 0.0 1673.9 258.8 258.8 0.0 844.1 1031.8 2134.7 1304.4 1304.4 830.3 1115.5 -1045.6 1298.2 843.6 44.7 2978.3 2922.4 2922.4 0.0 2549.6 372.8 2668.8 240.6 59.5 181.1 12.0 117.8 0.0 51.3 51.3 0.0 96.0 96.0 0.0 163.7 84.6 77.9 6.1 100.0 100.0 213.2 91.3 24.7 2.0 5.3 6.6 10.5 10.8 143.5 7.0 6.2 2.3 2.2 5.1 98.1 -32.4 -16.7 21.3

2009
785.2 646.1 1431.3 0.0 0.0 0.0 0.0 1431.3 83.0 83.0 0.0 737.2 1755.8 2576.0 1956.2 1956.2 619.8 1298.7 -1873.2 1308.2 811.5 42.9 3387.5 2639.9 2625.7 14.2 2412.5 227.4 2529.8 21.3 139.5 -118.2 0.0 78.5 0.0 -242.6 -196.7 -45.9 -153.8 -199.7 0.0 131.7 41.9 136.7 -3.5 81.1 77.0 182.3 95.8 654.9 5.3 10.7 0.0 15.5 -8.3 -150.6 5.5 -4.5 -1.5 -1.5 5.1 77.9 -165.2 -9.7 18.2

645

Syed Match Company Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

3.0 -23.5 -20.5 0.0 0.0 0.0 0.0 -20.5 -3.4 -3.4 0.0 2.4 6.5 5.5 39.0 39.0 -33.5 0.0 -42.4 32.5 12.9 0.6 18.4 38.0 38.0 0.0 42.6 -4.6 43.9 -5.5 0.2 -5.7 0.2 0.0 0.0 -5.5 -5.9 0.4 -5.3 -4.9 14.1 -2.6 -31.0 -683.3 115.5 0.5 0.3 -15.0 -19.0 -19.7 4.5 206.5 16.6 25.8 -68.3

2005
3.0 -29.1 -26.1 0.0 0.0 0.0 0.0 -26.1 0.9 0.9 0.0 2.8 7.1 10.8 49.3 49.3 -38.5 0.0 -48.4 32.5 12.4 0.5 23.2 40.1 36.3 3.8 44.1 -4.0 45.4 -5.3 0.0 -5.3 0.2 0.0 0.0 -5.6 -5.5 -0.1 -5.0 -5.1 21.9 7.5 -22.8 -870.0 113.2 0.0 0.2 -13.2 -17.7 -18.3 3.9 172.8 -6.8 5.5 -87.0

2006
3.0 -42.0 -39.0 0.0 0.0 0.0 0.0 -39.0 0.1 0.1 0.0 2.9 6.8 9.8 60.7 60.7 -50.9 0.0 -60.6 32.5 11.9 0.5 21.7 32.1 32.1 0.0 36.2 -4.1 37.3 -5.2 0.0 -5.2 0.1 0.0 0.0 -12.9 -5.3 -7.6 -4.8 -12.4 0.0 16.1 4.9 0.0 -24.0 41.1 38.7 -1300.0 116.2 0.0 0.0 0.0 -1.9 0.3 0.0 0.0 0.0 -16.2 -17.3 -17.7 4.0 147.9 -2.3 -20.0 -130.0

2007
3.0 -50.8 -47.8 0.0 0.0 0.0 0.0 -47.8 0.3 0.3 0.0 4.3 11.5 16.1 75.3 75.3 -59.2 0.0 -75.0 32.5 11.5 0.4 27.6 26.6 23.3 3.3 33.5 -6.9 34.7 -8.1 0.6 -8.7 0.1 0.0 0.0 -8.8 -8.8 0.0 -8.4 -8.4 0.0 21.4 6.1 0.0 -31.5 100.0 100.0 -1593.3 130.5 -7.4 2.3 0.0 -1.1 0.4 0.0 0.0 0.0 -32.7 -29.0 -29.3 3.4 96.4 67.6 -17.1 -159.3

2008
3.0 -53.4 -50.4 0.0 0.0 0.0 0.0 -50.4 1.7 1.7 0.0 5.0 11.6 18.3 79.9 79.9 -61.6 7.0 -78.2 32.5 11.1 0.4 29.4 30.4 30.4 0.0 31.1 -0.7 32.1 -1.7 0.8 -2.5 0.1 0.0 0.0 -2.6 -2.6 0.0 -2.2 -2.2 0.0 22.9 8.4 0.0 -8.5 100.0 100.0 -1680.0 105.6 -47.1 2.6 11.4 -4.0 6.9 0.0 0.0 0.0 -8.2 -8.3 -8.7 3.5 103.4 -71.4 14.3 -168.0

2009
3.0 -53.4 -50.4 0.0 0.0 0.0 0.0 -50.4 1.7 1.7 0.0 5.0 11.6 18.3 79.9 79.9 -61.6 7.0 -78.2 32.5 11.1 0.4 29.4 30.4 30.4 0.0 31.1 -0.7 32.1 -1.7 0.8 -2.5 0.1 0.0 0.0 0.0 -2.6 2.6 -2.2 0.4 0.0 22.9 8.4 0.0 -8.5 0.0 -550.0 -1680.0 105.6 -47.1 2.6 11.4 -4.0 6.9 0.0 0.0 0.0 -8.2 -8.3 -8.7 3.5 103.4 0.0 0.0 -168.0

646

Tariq Glass Industries Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

100.0 68.1 168.1 0.0 0.0 40.5 40.5 208.6 5.8 5.8 0.0 170.4 48.1 224.3 366.5 407.0 -142.2 138.1 -360.7 858.2 350.7 52.2 575.0 746.4 725.6 20.8 629.7 116.7 688.6 60.2 16.7 43.5 3.6 10.0 0.0 30.9 29.9 1.0 82.1 83.1 19.4 61.2 48.1 242.1 7.6 96.8 98.8 168.1 92.3 27.7 2.2 12.1 8.3 1.2 25.9 399.0 5.9 5.8 4.4 4.0 16.1 129.8 388.9 37.8 16.8

2005
100.0 102.3 202.3 0.0 0.0 39.2 39.2 241.5 6.7 6.7 0.0 177.0 72.0 255.7 407.3 446.5 -151.6 153.9 -400.6 958.6 393.0 60.1 648.7 972.9 902.3 70.6 852.6 120.3 916.0 59.0 19.0 40.0 0.5 0.0 0.0 32.9 39.5 -6.6 99.6 93.0 16.2 62.8 45.1 220.7 6.2 120.1 107.1 202.3 94.2 32.2 2.0 12.3 1.3 0.7 19.8 0.0 4.1 4.0 4.0 17.1 150.0 -9.1 30.3 20.2

2006
110.0 136.4 246.4 0.0 0.0 57.0 57.0 303.4 7.8 7.8 0.0 238.7 78.9 325.4 468.8 525.8 -143.4 198.2 -461.0 1058.4 446.9 52.9 772.3 1253.2 1158.2 95.0 1077.0 176.2 1168.5 87.7 25.5 62.2 4.4 0.0 0.0 61.9 57.8 4.1 110.7 114.8 18.8 69.4 52.6 213.4 8.1 93.4 96.4 224.0 93.2 29.1 2.0 12.9 7.1 0.7 25.2 0.0 0.0 5.0 5.7 5.3 13.5 162.3 42.5 28.8 22.4

2007
115.5 176.2 291.7 0.0 0.0 145.7 145.7 437.4 11.5 11.5 0.0 264.2 79.5 355.2 531.6 677.3 -176.4 269.6 -520.1 1278.9 613.8 56.8 969.0 1400.9 1309.1 91.8 1201.2 199.7 1290.8 111.1 33.7 77.4 9.0 11.6 0.0 134.0 56.8 77.2 113.6 190.8 33.3 66.8 51.9 232.2 8.0 42.4 59.5 252.6 92.1 30.3 2.4 12.5 11.6 1.0 26.5 589.7 4.0 5.5 6.7 5.9 12.7 144.6 17.5 11.8 25.3

2008
231.0 293.7 524.7 0.0 0.0 110.8 110.8 635.5 5.9 5.9 0.0 314.9 97.5 418.3 529.9 640.7 -111.6 266.1 -524.0 1474.2 747.1 63.2 1165.4 1480.6 1416.4 64.2 1360.3 120.3 1451.5 29.6 34.6 -5.0 6.2 0.0 0.0 198.1 -11.2 209.3 52.0 261.3 17.4 78.9 60.5 122.1 -0.4 -5.7 19.9 227.1 98.0 116.9 2.3 13.0 -124.0 1.1 -1.0 0.0 0.0 -0.3 -0.2 -0.5 10.3 127.0 -103.0 5.7 22.7

2009
231.0 263.0 494.0 0.0 0.0 135.0 135.0 629.0 9.6 9.6 0.0 334.1 98.0 441.7 619.3 754.3 -177.6 334.7 -609.7 1626.6 806.5 93.6 1248.2 1409.8 1289.0 120.8 1282.6 127.2 1390.1 19.8 56.4 -36.6 1.2 0.0 0.0 -6.5 -37.8 31.3 55.8 87.1 21.5 71.3 55.5 152.7 -2.9 581.5 64.1 213.9 98.6 284.8 4.0 16.9 -3.3 1.4 -7.4 0.0 0.0 -2.6 -1.6 -1.6 12.5 112.9 700.0 -4.8 21.4

647

Treet Corporation Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

41.8 954.9 996.7 0.0 0.0 1.1 1.1 997.8 755.8 581.7 174.1 235.3 105.3 1096.4 491.1 492.2 605.3 131.4 264.7 747.7 392.5 22.3 1488.9 1231.3 1027.6 203.7 841.0 390.3 998.8 286.4 4.4 282.0 74.0 41.8 0.0 380.0 166.2 213.8 188.5 402.3 0.1 223.3 201.8 49.4 18.9 43.7 46.9 2384.4 81.1 1.5 0.4 3.3 26.2 2.1 28.3 497.6 4.2 22.9 67.5 49.8 12.6 82.7 -35.2 -3.5 238.4

2005
41.8 1210.8 1252.6 0.0 0.0 0.8 0.8 1253.4 767.3 205.5 561.8 487.2 147.3 1401.8 534.9 535.7 866.9 326.2 232.4 766.8 386.4 28.3 1788.2 1395.4 1098.8 296.6 957.0 438.4 1155.1 302.5 15.2 287.3 73.9 62.7 0.0 255.6 150.7 104.9 179.0 283.9 0.1 262.1 234.5 42.8 16.1 59.0 63.1 2996.7 82.8 5.0 1.1 4.7 25.7 10.4 22.9 340.4 5.0 20.6 68.7 51.1 7.2 78.0 1.8 13.3 299.7

2006
41.8 1216.8 1258.6 0.0 0.0 1.6 1.6 1260.2 1065.5 422.6 642.9 238.1 253.3 1556.9 772.1 773.7 784.8 545.9 293.4 868.3 475.4 27.2 2032.3 1476.3 1110.0 366.3 1198.1 278.2 1395.0 123.6 22.4 101.2 10.0 8.4 0.0 6.8 82.8 -76.0 110.0 34.0 0.1 201.6 168.8 61.5 5.0 1217.6 323.5 3011.0 94.5 18.1 1.5 4.1 9.9 1.5 8.0 1085.7 0.7 6.9 24.2 21.8 7.8 72.6 -64.8 5.8 301.1

2007
41.8 1387.7 1429.5 0.0 0.0 0.5 0.5 1430.0 671.8 133.3 538.5 367.5 302.4 1341.7 782.7 783.2 559.0 545.5 -110.9 1087.8 871.0 40.8 2212.7 1457.2 1039.3 417.9 1201.3 255.9 1417.6 162.6 60.3 102.3 18.2 8.4 0.0 169.8 75.7 94.1 116.5 210.6 0.0 171.4 132.8 54.8 4.6 44.6 55.3 3419.9 97.3 37.1 4.1 11.1 17.8 6.4 7.2 1001.2 0.6 7.0 24.5 20.1 6.0 65.9 1.2 -1.3 342.0

2008
41.8 1310.3 1352.1 0.0 0.0 0.0 0.0 1352.1 355.4 119.4 236.0 876.4 549.0 1780.8 1383.3 1383.3 397.5 1129.0 -1027.9 1433.4 954.6 57.7 2735.4 1288.0 833.1 454.9 1126.5 161.5 1251.8 115.2 83.6 31.6 5.1 0.0 0.0 -77.9 26.5 -104.4 84.2 -20.2 0.0 128.7 89.0 102.3 1.2 -34.0 -416.8 3234.7 97.2 72.6 6.5 7.4 16.1 11.5 2.3 0.0 0.0 2.5 7.6 6.3 8.7 47.1 -69.0 -11.6 323.5

2009
41.8 1852.0 1893.8 0.0 0.0 0.0 0.0 1893.8 1099.8 80.2 1019.6 598.6 251.5 1949.9 1661.0 1661.0 288.9 1397.7 -561.2 2110.8 1605.0 50.4 3554.9 1573.8 899.3 674.5 1229.5 344.3 1495.2 108.8 119.3 -10.5 23.2 0.0 0.0 541.7 -33.7 575.4 16.7 592.1 0.0 117.4 102.3 87.7 -0.3 -6.2 2.8 4530.6 95.0 109.7 7.6 8.5 -221.0 0.0 -0.6 0.0 0.0 -0.7 -2.5 -8.1 6.3 44.3 -132.9 22.2 453.1

648

Tri-Pack Films Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

300.0 650.2 950.2 0.0 0.0 1000.0 1000.0 1950.2 14.0 14.0 0.0 437.6 433.8 885.4 825.8 1825.8 59.6 1595.6 -811.8 2673.0 1890.6 147.6 2776.0 2054.6 2054.6 0.0 1773.1 281.5 1876.1 186.1 20.3 165.8 9.0 90.0 0.0 973.6 66.8 906.8 214.4 1121.2 51.3 107.2 54.7 192.1 6.0 6.9 19.1 316.7 91.3 10.9 1.0 1.3 5.4 12.5 17.4 174.2 9.5 8.1 5.5 5.2 18.0 74.0 -37.5 14.7 31.7

2005
300.0 689.2 989.2 0.0 0.0 972.0 972.0 1961.2 23.5 23.5 0.0 541.2 313.9 878.6 796.7 1768.7 81.9 1280.3 -773.2 2876.6 1879.3 225.5 2757.9 3391.0 3010.0 381.0 3041.4 349.6 3165.7 237.4 117.1 120.3 15.1 0.0 0.0 11.0 105.2 -94.2 330.7 236.5 49.6 110.3 70.9 178.8 4.4 956.4 139.8 329.7 93.4 49.3 3.5 9.1 12.6 11.5 12.2 0.0 3.5 4.0 3.5 11.9 123.0 -27.3 65.0 33.0

2006
300.0 782.1 1082.1 0.0 0.0 756.0 756.0 1838.1 208.9 208.9 0.0 622.5 277.0 1108.4 974.2 1730.2 134.2 972.0 -765.3 2786.0 1704.0 228.6 2812.4 4351.0 4027.3 323.7 3842.2 508.8 3988.1 374.9 130.6 244.3 19.2 150.0 0.0 -123.1 75.1 -198.2 303.7 105.5 41.1 113.8 85.3 159.9 8.7 -61.0 287.9 360.7 91.7 34.8 3.0 13.4 7.9 10.7 22.6 150.1 13.9 5.6 8.1 7.5 12.2 154.7 102.5 28.3 36.1

2007
300.0 952.6 1252.6 0.0 0.0 540.0 540.0 1792.6 375.7 325.3 50.4 716.5 640.8 1733.0 1549.0 2089.0 184.0 756.0 -1173.3 3072.2 1608.7 244.3 3341.7 5386.1 5348.6 37.5 4458.4 927.7 4644.3 767.5 93.2 674.3 148.3 300.0 0.0 -45.5 226.0 -271.5 470.3 198.8 30.1 111.9 70.5 166.8 20.2 -496.7 236.6 417.5 86.2 12.1 1.7 12.3 22.0 9.9 53.8 175.3 24.0 12.5 22.5 17.5 14.3 161.2 177.8 23.8 41.8

2008
300.0 1012.2 1312.2 0.0 0.0 824.0 824.0 2136.2 297.1 297.1 0.0 954.4 950.4 2201.9 2177.0 3001.0 24.9 1689.9 -1879.9 3835.2 2111.3 265.8 4313.2 7100.2 7033.5 66.7 6090.1 1010.1 6297.3 832.5 108.8 723.7 134.2 420.0 0.0 343.6 169.5 174.1 435.3 609.4 38.6 101.1 57.5 228.7 16.8 49.3 71.4 437.4 88.7 13.1 1.5 6.4 18.5 9.6 55.2 140.4 32.0 10.2 24.1 19.7 16.5 164.6 7.1 31.8 43.7

2009
300.0 1276.6 1576.6 0.0 0.0 608.0 608.0 2184.6 229.8 229.8 0.0 1188.9 1002.6 2421.3 2312.5 2920.5 108.8 1430.3 -2082.7 4120.2 2075.9 328.1 4497.2 5685.7 5443.1 242.6 4695.0 990.7 4948.1 780.6 221.7 558.9 168.8 300.0 0.0 48.4 90.1 -41.7 418.2 376.5 27.8 104.7 61.3 185.2 12.4 186.2 111.1 525.5 87.0 28.4 3.9 15.5 30.2 15.6 35.4 130.0 19.0 9.8 18.6 13.0 15.6 126.4 -22.8 -19.9 52.6

649

Unilever Pakistan Foods Ltd. (Rafhan Bestfoods Ltd.)

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

61.6 263.3 324.9 0.0 0.0 0.0 0.0 324.9 34.5 34.5 0.0 233.6 168.1 436.2 229.4 229.4 206.8 118.5 -194.9 497.2 118.0 35.4 554.2 1585.5 1585.5 0.0 1242.0 343.5 1549.8 40.9 4.1 36.8 39.8 30.8 0.0 14.1 -33.8 47.9 1.6 49.5 0.0 190.1 116.9 70.6 6.6 -239.7 3.2 527.4 97.7 10.0 0.3 3.5 108.2 4.3 11.3 -9.7 9.5 2.3 6.0 -0.5 23.2 286.1 -271.4 -18.8 52.7

2005
61.6 297.5 359.1 0.0 0.0 0.0 0.0 359.1 126.9 126.9 0.0 182.7 148.5 458.1 202.0 202.0 256.1 26.0 -75.1 500.7 103.1 26.7 561.2 1824.3 1824.3 0.0 1298.7 525.6 1669.4 167.0 6.1 160.9 49.8 67.7 0.0 34.2 43.4 -9.2 70.1 60.9 0.0 226.8 153.3 56.3 28.7 126.9 115.1 583.0 91.5 3.7 0.3 23.5 31.0 3.9 44.8 164.1 18.9 8.8 26.1 18.0 22.6 325.1 335.0 15.1 58.3

2006
61.6 316.8 378.4 0.0 0.0 0.0 0.0 378.4 172.1 172.1 0.0 151.0 279.9 603.0 327.0 327.0 276.0 0.0 -154.9 508.7 102.3 21.7 705.3 2373.2 2373.2 0.0 1641.9 731.3 2109.7 294.5 4.3 290.2 76.3 215.5 0.0 19.3 -1.6 20.9 20.1 41.0 0.0 184.4 98.8 86.4 41.1 -8.3 49.0 614.3 88.9 1.5 0.2 0.0 26.3 2.7 76.7 99.3 57.0 12.2 47.1 34.7 21.0 336.5 80.5 30.1 61.4

2007
61.6 -43.7 17.9 0.0 0.0 0.0 0.0 17.9 16.2 16.2 0.0 174.9 378.0 569.1 747.6 747.6 -178.5 362.4 -731.4 614.8 196.4 21.4 765.5 2917.0 2917.0 0.0 2028.6 888.4 2581.9 354.8 8.7 346.1 118.9 572.7 0.0 -360.5 -345.5 -15.0 -324.1 -339.1 0.0 76.1 25.6 4176.5 45.2 95.8 95.6 29.1 88.5 2.5 0.3 2.4 34.4 3.0 1933.5 39.7 3199.4 11.9 56.2 36.9 20.9 381.1 19.3 22.9 2.9

2008
61.6 58.5 120.1 0.0 0.0 0.0 0.0 120.1 8.0 8.0 0.0 166.3 352.4 526.7 714.4 714.4 -187.7 242.6 -706.4 731.1 307.7 29.6 834.4 3748.4 3748.4 0.0 2591.3 1157.1 3216.8 552.5 22.2 530.3 152.8 221.7 0.0 102.2 155.8 -53.6 185.4 131.8 0.0 73.7 24.4 594.8 63.6 152.4 140.7 195.0 85.8 4.0 0.6 9.2 28.8 1.3 441.5 170.3 184.6 14.1 86.1 61.3 15.1 449.2 53.2 28.5 19.5

2009
61.6 125.5 187.1 0.0 0.0 0.0 0.0 187.1 40.7 40.7 0.0 229.8 333.8 604.3 706.2 706.2 -101.9 148.8 -665.5 737.8 288.9 38.8 893.2 3376.5 3376.5 0.0 2122.1 1254.4 3142.5 264.2 22.5 241.7 104.6 209.4 0.0 67.0 -72.3 139.3 -33.5 105.8 0.0 85.6 38.3 377.4 27.1 -107.9 -31.7 303.7 93.1 8.5 0.7 15.1 43.3 2.4 129.2 65.5 111.9 7.2 39.2 22.3 12.6 378.0 -54.5 -9.9 30.4

650

Unilever Pakistan Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

664.7 1596.0 2260.7 0.0 0.0 15.9 15.9 2276.6 1155.4 1060.2 95.2 1335.2 1809.1 4299.7 3547.0 3562.9 752.7 319.8 -2391.6 3384.3 1523.9 241.6 5823.6 22335.9 22335.9 0.0 16812.5 5523.4 21411.5 2216.7 40.1 2176.6 610.4 1630.3 0.0 1256.3 -64.1 1320.4 177.5 1497.9 0.7 121.2 70.2 157.6 37.4 -5.1 11.8 340.1 95.9 1.8 0.2 12.5 28.0 0.4 96.3 96.1 72.1 9.7 32.7 23.6 16.7 383.5 -13.7 -2.7 34.0

2005
664.7 1340.4 2005.1 0.0 0.0 20.1 20.1 2025.2 522.4 427.2 95.2 1696.4 1804.8 4023.6 3759.5 3779.6 264.1 87.0 -3237.1 3768.6 1761.2 260.5 5784.8 22473.2 22473.2 0.0 15619.5 6853.7 20102.4 2568.2 76.5 2491.7 559.5 797.6 0.0 -251.4 1134.6 -1386.0 1395.1 9.1 1.0 107.0 59.0 188.5 43.1 -451.3 15330.8 301.7 89.5 3.0 0.3 87.9 22.5 0.5 124.3 242.3 39.8 11.1 37.5 29.1 17.1 388.5 14.7 0.6 30.2

2006
664.7 1158.6 1823.3 0.0 0.0 0.0 0.0 1823.3 681.1 585.9 95.2 1437.9 2156.5 4275.5 4589.6 4589.6 -314.1 0.2 -3908.5 4078.1 2137.4 287.0 6412.9 26536.8 26536.8 0.0 18658.6 7878.2 24178.3 2498.0 63.9 2434.1 860.0 1622.0 0.0 -201.9 -47.9 -154.0 239.1 85.1 0.0 93.2 46.2 251.7 38.0 23.7 281.0 274.3 91.1 2.6 0.2 31950.0 35.3 0.7 133.5 97.0 89.0 9.2 36.6 23.7 16.3 413.8 -2.4 18.1 27.4

2007
664.7 1312.4 1977.1 0.0 0.0 52.9 52.9 2030.0 283.9 188.7 95.2 1548.6 2726.1 4558.6 6041.9 6094.8 -1483.3 493.7 -5758.0 5874.0 3513.5 373.0 8072.1 29854.8 29854.8 0.0 20771.7 9083.1 27407.2 2653.8 109.2 2544.6 727.9 1646.9 0.0 206.7 169.8 36.9 542.8 579.7 2.6 75.4 30.3 308.3 31.5 82.1 93.6 297.4 91.8 4.1 0.4 22.1 28.6 0.8 128.7 110.3 83.3 8.5 38.3 27.3 17.5 369.9 4.6 12.5 29.7

2008
664.7 1552.6 2217.3 4.8 0.0 77.3 82.1 2299.4 202.0 106.8 95.2 2487.1 4261.8 6950.9 9079.7 9161.8 -2128.8 3342.1 -8877.7 6964.6 4428.3 453.7 11379.2 39057.2 39057.2 0.0 28121.5 10935.7 35906.9 3403.4 466.2 2937.2 863.3 1635.1 0.0 269.4 438.8 -169.4 892.5 723.1 3.6 76.6 29.6 413.2 25.8 162.9 123.4 333.6 91.9 13.7 1.2 13.9 29.4 0.6 132.5 126.8 73.7 7.5 44.2 31.2 12.9 343.2 15.4 30.8 33.4

2009
664.7 2632.2 3296.9 4.8 0.0 56.8 61.6 3358.5 334.8 239.6 95.2 2702.8 3649.1 6686.7 8064.8 8126.4 -1378.1 1123.1 -7730.0 7594.0 4736.6 453.7 11423.3 38187.6 38187.6 0.0 24852.6 13335.0 33436.6 4943.3 427.7 4515.6 1193.4 3044.3 0.0 1059.1 277.9 781.2 731.6 1512.8 1.8 82.9 37.7 246.5 39.5 26.2 48.4 496.0 87.6 8.7 1.1 38.1 26.4 1.3 137.0 109.1 92.3 11.8 67.9 50.0 10.2 334.3 53.6 -2.2 49.6

651

United Brands Ltd.(Udl Industries Ltd.)

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

12.0 -10.8 1.2 0.0 0.0 0.0 0.0 1.2 1.4 1.4 0.0 0.0 0.0 1.4 0.2 0.2 1.2 0.0 1.2 0.0 0.0 0.0 1.4 0.0 0.0 0.0 0.0 0.0 0.2 0.9 0.0 0.9 0.0 0.8 0.0 0.1 0.1 0.0 0.1 0.1 0.0 700.0 700.0 16.7 64.3 100.0 100.0 10.0 0.0 0.0 0.0 0.0 0.0 0.0 75.0 112.5 66.7 0.0 0.8 0.8 0.0 0.0 0.0 1.0

2005
12.0 -11.0 1.0 0.0 0.0 0.0 0.0 1.0 1.2 1.2 0.0 0.0 0.0 1.2 0.2 0.2 1.0 0.0 1.0 0.0 0.0 0.0 1.2 0.0 0.0 0.0 0.0 0.0 0.2 -0.2 0.0 -0.2 0.0 0.0 0.0 -0.2 -0.2 0.0 -0.2 -0.2 0.0 600.0 600.0 20.0 -16.7 100.0 100.0 8.3 0.0 0.0 0.0 0.0 0.0 0.0 -20.0 0.0 0.0 0.0 -0.2 -0.2 0.0 0.0 -125.0 0.8

2006
12.0 -6.7 5.3 0.0 0.0 0.0 0.0 5.3 11.9 11.9 0.0 25.9 22.8 60.6 57.3 57.3 3.3 0.3 -45.4 3.7 1.9 0.2 62.5 122.5 122.5 0.0 108.3 14.2 117.5 5.0 0.5 4.5 1.6 0.0 0.0 4.3 2.9 1.4 3.1 4.5 0.0 105.8 66.0 1081.1 7.2 67.4 68.9 44.2 95.9 10.0 0.4 166.7 35.6 8.5 84.9 0.0 0.0 3.7 3.8 2.4 0.0 196.0 -2000.0 4.4

2007
12.0 -7.3 4.7 0.0 0.0 3.6 3.6 8.3 7.2 7.2 0.0 46.5 59.6 113.3 116.2 119.8 -2.9 4.6 -109.0 15.6 11.2 2.8 124.5 334.7 334.7 0.0 291.0 43.7 365.0 7.8 1.6 6.2 3.9 0.0 0.0 3.0 2.3 0.7 5.1 5.8 43.4 97.5 46.2 2548.9 5.0 76.7 87.9 39.2 109.1 20.5 0.5 34.8 62.9 44.2 131.9 0.0 0.0 1.9 5.2 1.9 127.3 268.8 36.8 173.2 3.9

2008
12.0 -7.5 4.5 0.0 0.0 1.8 1.8 6.3 11.4 11.4 0.0 64.1 72.4 147.9 148.5 150.3 -0.6 3.0 -137.1 12.5 6.9 1.8 154.8 514.8 514.8 0.0 468.4 46.4 542.7 7.4 1.4 6.0 2.4 12.0 0.0 -2.0 -8.4 6.4 -6.6 -0.2 28.6 99.6 50.8 3340.0 3.9 420.0 3300.0 37.5 105.4 18.9 0.3 46.7 40.0 4.5 133.3 30.0 266.7 1.2 5.0 3.0 16.1 332.6 -3.8 53.8 3.8

2009
12.0 -24.7 -12.7 0.0 0.0 0.2 0.2 -12.5 20.2 20.2 0.0 65.2 76.5 161.9 180.0 180.2 -18.1 1.6 -159.8 12.5 5.6 1.3 167.5 580.3 580.3 0.0 521.8 58.5 595.6 -15.3 1.5 -16.8 0.0 0.0 0.0 -18.8 -16.8 -2.0 -15.5 -17.5 0.0 89.9 47.4 0.0 -10.0 89.4 88.6 -105.8 102.6 -9.8 0.3 93.8 0.0 4.5 0.0 0.0 0.0 -2.9 -14.0 -14.0 18.8 346.4 -380.0 12.7 -10.6

652

United Distributors Pakistan Ltd.

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

66.0 38.4 104.4 0.0 0.0 4.4 4.4 108.8 115.1 3.6 111.5 32.3 46.3 193.7 96.2 100.6 97.5 6.8 18.9 26.4 11.4 3.3 205.1 66.7 66.7 0.0 50.2 16.5 100.1 6.8 1.7 5.1 0.8 6.6 0.0 -3.6 -2.3 -1.3 1.0 -0.3 4.0 201.4 153.2 96.4 2.5 158.2 150.1 25.0 2.5 25.0 15.7 1.8 4.9 65.2 6.3 7.6 0.8 0.7 33.0 32.5 166.7 41.9 15.8

2005
66.0 38.2 104.2 0.0 0.0 2.1 2.1 106.3 34.3 7.9 26.4 103.2 35.0 172.5 77.2 79.3 95.3 4.4 -42.9 29.9 11.0 3.9 183.5 81.4 81.4 0.0 60.2 21.2 110.3 4.2 2.0 2.2 0.3 0.0 0.0 -2.5 1.9 -4.4 5.8 1.4 2.0 223.4 178.1 76.1 1.2 414.3 157.9 135.5 47.6 2.5 45.5 13.6 3.1 2.1 0.0 2.7 0.3 0.3 34.2 44.4 -62.5 22.0 15.8

2006
72.6 20.2 92.8 0.0 0.0 4.2 4.2 97.0 32.2 5.8 26.4 111.4 92.0 235.6 151.5 155.7 84.1 31.6 -119.3 31.8 12.9 4.8 248.5 130.8 130.8 0.0 110.2 20.6 171.0 -7.0 4.3 -11.3 0.1 0.0 0.0 -9.3 -11.4 2.1 -6.6 -4.5 4.3 155.5 94.8 167.8 -4.5 122.6 146.7 127.8 130.7 -61.4 3.3 13.6 -0.9 2.8 -12.2 0.0 0.0 -8.6 -1.6 -1.6 43.6 52.6 -633.3 60.7 12.8

2007
72.6 23.1 95.7 0.0 0.0 13.8 13.8 109.5 36.6 10.2 26.4 128.8 128.3 293.7 216.6 230.4 77.1 40.3 -180.0 53.7 32.3 1.6 326.0 311.1 311.1 0.0 252.1 59.0 339.5 13.9 10.3 3.6 1.4 0.0 0.0 12.5 2.2 10.3 3.8 14.1 12.6 135.6 76.4 240.8 1.1 17.6 27.0 131.8 109.1 74.1 3.3 25.6 38.9 4.9 3.8 0.0 0.0 1.2 0.5 0.3 10.2 95.4 -131.3 137.8 13.2

2008
72.6 58.9 131.5 0.0 0.0 7.1 7.1 138.6 152.6 3.3 149.3 47.0 271.2 470.8 371.8 378.9 99.0 55.2 -219.2 65.1 39.6 8.9 510.4 656.8 656.8 0.0 542.1 114.7 671.6 34.5 12.3 22.2 4.0 0.0 10.9 29.1 18.2 10.9 27.1 38.0 5.1 126.6 53.7 288.1 4.3 62.5 71.3 181.1 102.3 35.7 1.9 22.3 18.0 0.7 16.9 0.0 0.0 3.4 3.1 2.5 27.6 128.7 520.0 111.1 18.1

2009
83.5 126.3 209.8 0.0 0.0 37.8 37.8 247.6 221.2 29.9 191.3 72.8 353.5 647.5 482.2 520.0 165.3 62.0 -261.0 11.8 82.3 13.5 729.8 773.3 773.3 0.0 585.9 187.4 764.6 62.5 19.8 42.7 9.6 8.3 8.3 109.0 24.8 84.2 38.3 122.5 15.3 134.3 61.0 247.9 5.9 22.8 31.3 251.3 98.9 31.7 2.6 31.9 22.5 0.4 20.4 398.8 4.0 5.5 5.1 4.0 34.1 106.0 64.5 17.7 25.1

653

ZIL Ltd. (Zulfeqar Industries Ltd.)

Items
A.Capital Structure: 1.Ordinary Share Capital 2.Surplus 3.Shareholder's Equity (A1+A2) 4.Prefrence Shares 5.Debentures 6.Other Fixed Liabilities 7.Total Fixed Liabilities (A4+A5+A6) 8.Total Capital Employed (A3+A7) B.Liquidity: 1.Liquid Assets: (i)Cash (ii)Investments 2.Other Current Assets 3.Inventories 4.Current Assets (B1+B2+B3) 5.Current Liabilities 6.Total Liabilities(A7+B5) 7.Net Current Assets(B4-B5) 8.Contractual Liabilities 9.Net liquid assets (B1-B5) C.Fixed Assets: 1.Fixed Asset At Cost 2.Fixed assets after deducting accumulated depreciation 3.Depreciation for the year 4.Total assets (B4+C2) D.Operation: 1.Gross sales (i)Local sales (ii)Export sales 2.Cost of Sales 3.Gross profit 4.Overhead and Other Expenses 5.Operating profit 6.Financial expenses 7.Net profit before tax (D5-D6) 8.Tax provision 9.Total amount of dividend 10.Total value of bonus shares issued E.Sources of Increase In Capital Employed: 1.Increase/decrease in capital employed (A8 - A8 of preceding year) 2.Retention in business (D7-D8-D9) 3.Finance from outside the company (E1-E2) F.Cash Flow Data 1.Depreciation for the year plus retention in business: cash flow (C3+E2) 2.Depreciation for the year plus changes in capital employed (C3+E1) G.Operating Financial & Investment Ratios: 1.Gearing ratio (A7 as % of A8) 2.Current ratio (B4 as % of B5) 3.Acid test or Quick ratio (B4-B3 as % B5) 4.Debt equity ratio (B6 as % of A3) 5.Return on assets (D7 as % of C4) 6.Self financing ratio (E2 as % of E1) 7.Cash flow ratio F1 as % of F2 8.Shareholders equity as % of ordinary share capital (A3 as % of A1) 9.Overhead and other expenses as % of gross sales (D4 as % D1) 10.Financial expenses as % of operating profit (D6 as % of D5) 11.Financial expense as % of gross sales (D6 as % of D1) 12.Financial expenses as % of contractual liabilities (D6 as % B8) 13.Tax provision as % of net pre-tax profit (D8 as % of D7) 14.Sundry debtors as % of gross sales 15.Return on Equity (D7 as % of A3) H.Key Performance Indicators: 1.Dividend cover ratio [(D7 - D8) as % of D9] 2.Dividend ratio to equity (D9 as % of A3) 3.Net profit margin (D7 as % of D1) 4.Earning per share before tax (D7/No. of ordinary shares) 5.Earning per share after tax [(D7-D8)/No. of ordinary shares] 6.Average annual % depreciation on written down fixed assets 7.Sales as % of total assets (D1 as % of C4) 8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS) 9.Sales growth (current year's 'sales - last year's sales / last year's sales) 10.Break-up value of ordinary shares (in rupees)

(Million Rupees) 2004

40.0 156.8 196.8 0.0 0.0 30.6 30.6 227.4 104.0 41.5 62.5 40.3 95.9 240.2 173.8 204.4 66.4 48.6 -69.8 170.8 161.0 7.7 401.2 896.4 896.4 0.0 736.0 160.4 846.0 55.9 2.3 53.6 16.2 10.0 0.0 77.8 27.4 50.4 35.1 85.5 13.5 138.2 83.0 103.9 13.4 35.2 41.1 492.0 94.4 4.1 0.3 4.7 30.2 0.7 27.2 374.0 5.1 6.0 13.4 9.4 11.3 223.4 59.5 14.5 49.2

2005
40.0 206.7 246.7 0.0 0.0 20.0 20.0 266.7 70.3 23.7 46.6 45.0 126.7 242.0 151.1 171.1 90.9 38.6 -80.8 0.0 175.6 0.0 417.6 1027.7 1027.7 0.0 856.7 171.0 971.0 69.0 5.2 63.8 17.6 10.0 0.0 39.3 36.2 3.1 36.2 39.3 7.5 160.2 76.3 69.4 15.3 92.1 92.1 616.8 94.5 7.5 0.5 13.5 27.6 0.6 25.9 462.0 4.1 6.2 16.0 11.6 0.0 246.1 19.4 14.6 61.7

2006
40.0 204.4 244.4 0.0 0.0 1.5 1.5 245.9 96.9 47.7 49.2 51.3 121.9 270.1 235.4 236.9 34.7 21.2 -138.5 252.2 211.2 19.1 481.3 1135.3 1135.3 0.0 861.2 274.1 1043.0 92.7 3.2 89.5 26.3 20.0 0.0 -20.8 43.2 -64.0 62.3 -1.7 0.6 114.7 63.0 96.9 18.6 -207.7 -3664.7 611.0 91.9 3.5 0.3 15.1 29.4 0.7 36.6 316.0 8.2 7.9 22.4 15.8 10.9 235.9 40.0 10.5 61.1

2007
40.0 265.7 305.7 0.0 0.0 0.0 0.0 305.7 87.0 59.1 27.9 59.4 134.4 280.8 251.8 251.8 29.0 0.0 -164.8 309.4 276.6 22.5 557.4 1149.0 1149.0 0.0 883.5 265.5 1091.7 63.9 1.9 62.0 12.4 12.0 4.0 59.8 37.6 22.2 60.1 82.3 0.0 111.5 58.1 82.4 11.1 62.9 73.0 764.3 95.0 3.0 0.2 0.0 20.0 0.4 20.3 413.3 3.9 5.4 15.5 12.4 11.8 206.1 -30.8 1.2 76.4

2008
44.0 274.7 318.7 0.0 0.0 0.0 0.0 318.7 34.2 34.2 0.0 76.5 258.8 369.5 324.7 324.7 44.8 0.0 -290.5 330.1 274.0 25.7 643.5 1391.2 1391.2 0.0 1105.4 285.8 1355.0 40.8 3.9 36.9 16.9 4.4 4.4 13.0 15.6 -2.6 41.3 38.7 0.0 113.8 34.1 101.9 5.7 120.0 106.7 724.3 97.4 9.6 0.3 0.0 45.8 0.8 11.6 454.5 1.4 2.7 8.4 4.5 9.3 216.2 -45.8 21.1 72.4

2009
48.4 316.4 364.8 0.0 0.0 0.0 0.0 364.8 149.6 124.6 25.0 102.8 204.8 457.2 360.3 360.3 96.9 0.0 -210.7 345.2 268.0 25.5 725.2 1350.1 1350.1 0.0 990.9 359.2 1269.9 87.0 6.7 80.3 32.6 19.4 4.8 46.1 28.3 17.8 53.8 71.6 0.0 126.9 70.1 98.8 11.1 61.4 75.1 753.7 94.1 7.7 0.5 0.0 40.6 1.9 22.0 245.9 5.3 5.9 16.6 9.9 9.3 186.2 97.6 -3.0 75.4

654

AKD Capital Ltd. (Akd Securities & Safe Deposit Co. Ltd.)
416-418, Continental Trade Square, Main Clifton Road, Karachi.

Management
Mr. Aqeel A. Karim Dhedhi(Chairman) Mr. Naseer Ahmed(Chief Executive) Mr. Mohammad Sohail(Director) Mrs. Mehrunnisa Siddique(Director) Mrs. Yasmeen Aqeel(Director) Ms. Ayesha Aqeel(Director) Ms. Anum Aqeel(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th October , 2009 30th June , 2009 MCB Bank Ltd. United Bank Ltd.

Banker

Auditor
M/s Muniff Ziauddin & Co.

Standard Chartered Bank Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 74.70 115.71 30.21 62.59

Production Desc
Deposatary and fund management

Units

Capacity

Actual Production

Al-Khair Gadoon Ltd.

Plot No. 92/3, Phase-III, Industrial Estate, Gadoon Amazai, Distt. Sawabi, NWFP.

Management
Mr. Mohammad Afzal Sheikh(Chairman) () Mr. Mohammad Saeed Sheikh(Chief Executive) Mrs. Munawar Pervaiz(Director) Mrs Perveen Afzal(Director) Mrs. Farnaz Saeed(Director) Mr. Mohammad Amin Sheikh(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009

Banker
Allied Bank Of Pakistan Ltd.

Auditor
M/S Tahir Siddiqi & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 4.85 7.10 3.20 5.15

Production Desc
Foam

Units
M. Tons

Capacity
26,560

Actual Production
861

655

Arpak International InvestmentsLtd.

King's Arcade, 20-A, Markaz F-7, Islamabad.

Management
Begum Laila Sarfaraz(Chief Executive) Mr. Abbas Sarfaraz Khan(Director) Mr. Abdul Qadar Khattak(Director) Mr. Aziz Sarfaraz Khan(Director) Mr. Iskander M. Khan(Director) Ms. Najda Sarfaraz(Director) Ms. Zarmine Sarfaraz(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Bank Alfalah Ltd. Bank Al-Habib Ltd. The Bank of Khyber Silk Bank Ltd.

Banker

Auditor
M/S Hameed Chaudhri & Co.

Standard Charted Bank Ltd. MCB Bank Ltd

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 6.50 17.50 6.50 12.00

Production Desc
Deposatary and fund management

Units

Capacity

Actual Production

Balochistan Glass Ltd.

Firduosi Manzil, Rustamji Lane, M. A. Jinnah Road, Quetta.

Management
Mr. Muhammad Tousif Peracha(Chairman/C.E.) Atlas Bank Ltd. Mr. Jawaid Aziz Paracha(Chief Executive) Mr. Muhammad Niaz Paracha(Director) Mr. Muhammad Shareef paracha(Director) Mr. Tariq Siddiq Peracha(Director) Mr. Arshad Siddiq Paracha(Director) Mr. Muhammad Ishaque Khokhar(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Citibank N.A.

Banker

Auditor
M/s. Faruq Ali & Co.

Al Baraka Islamic Bank The Hong Kong & Shanghai Banking Corporation Ltd Meezan Bank Ltd. The Bank Of Punjab United Bank Ltd. Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 3.88 6.75 1.95 3.47

01st December , 2009 30th June , 2009

Production Desc
Glass Container Plastic shells

Units
M. Tons Pieces

Capacity
120,400 2,300,000

Actual Production
32,170 305,800

656

Bata Pakistan Ltd.

Batapur, G. T. Road, Post Office Batapur, Lahore.

Management
Mr. Fernando Garcia(Chairman) Mr. M. Imran Malik(Chief Executive) Mr. Fakir Syed Aijazuddin(Director) Mr. M. G. Milddleton(Director) Mr. Muhmmad Ali Malik(Director) Mr. Ijaz Ahmed Chaudry(Director) Mr. Garlos Gomez(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 120 22nd April , 2010

Banker
Bank Al-Habib Limited Habib Metropolitan Bank Limted Habib Bank Ltd. MCB Bank Ltd National Bank Of Pakistan Atlas Bank Ltd.

Auditor
M/s. Emst & Young Ford Rhodes Sidat Hyder

Face Value Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 979.00 1,059.00 531.22 795.11 3

31st December , 2009

Production Desc
Rubber & canvas Leather Plastic

Units
No. of Pairs No. of Pairs No. of Pairs

Capacity
1,253 5,930 2,120

Actual Production
0 8,243 2,151

Clover Pakistan Ltd.

Lakson Square Building No.2, Sarwar Shaheed Road, Karachi-74200.

Management
Mr. Iqbal Ali Lakhani(Chairman) Mr. Zulfiqar Ali Lakhani(Chief Executive) Mr. A. Aziz H. Ebrahim(Director) Mr. Amin Mohammed Lakhani(Director) Mr. M. A. Qadir(Director) Mr. Shahid Ahmed Khan(Director) Mr. Tasleemuddin Ahmed Batlay(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 28th September, 2009 30th June , 2009 Habib Bank Ltd. MCB Bank Ltd.

Banker

Auditor
Ford Rhodes Sidat Hyder & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 58.05 164.83 46.25 85.44

Production Desc
Food Products Plastic Products

Units
M.Tons M.Tons

Capacity
4,092 27

Actual Production
6,456 37

657

Dadabhoy Construction Tech. Ltd.(Pak German Prefabs Ltd.)

C-30/II, 24th Commercial Street, Phase-2 (Ext.) D.H.A. Karachi.

Management
Mr. Mohammad Hussain Dadabhoy(Chairman) Mr. Fazal Karim Dadabhoy(Chief Executive) Mr. Mohammad Amin Dadabhoy(Director) Mrs. Noor Bhakt Dadabhoy(Director) Mr. Nasimuddin(Director) Mrs. Humaira Dadabhoy(Director) Mrs. Yasmeen Dadabhoy(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th October , 2009 30th June , 2009 Silk Bank Ltd.

Banker

Auditor
M/s A.R.Khan & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.50

Production Desc
Concrete

Units
Cubic meters

Capacity
26,000

Actual Production
Nil

Diamond Industries Ltd.

Plot # 2, Gadoon Amazai, Industrial Estate, Didt. Sawabi, Khyber Pakhtunkhua

Management
Mr. Waqar A. Shaffi(Chairman) Mr. Shariq Iftikhar(Chief Executive) Mr. Muhammad Sameer(Director) Mr. Abdul Shakoor(Director) Mr. Zahoor Ahmed(Director) Mr. Sohail Malik(Director) Mr. Hashim Aslam Butt(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Silk Bank Ltd.

Banker
Allied Bank Of Pakistan Ltd. Habib Metropolitan Bank Limted Askari Commercial Bank Ltd. Standard Chartered Bank Ltd,

Auditor
M/s. M.A.Tabussum & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 50.00 72.70 50.00 61.35

Production Desc
Foams production PVA production

Units
M. Tons M. Tons

Capacity
12,000 1,560

Actual Production
Nil Nil

658

Dreamworld Ltd.
Dreamworld Tower, 65-A.M., Streachen Road, Opp. Arts Council, Behind Sindh Assembly, Karachi.

Management
Mr. Tariq Hilal(Chairman) Mr. Irfan Hilal Ahmed(Chief Executive) Mrs. Nida Irfan(Director) Mr. Zafar Uddin Siddiqui(Director) Mrs. Sadia Imran(Director) Mrs. Sara Amir(Director) Mrs. Tooba Tariq(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 10 31st October , 2009 30th June , 2009 MCB Bank Ltd.

Banker
The Royal Bank of Scotland Ltd. Citibank N.A. Bank Al-Falah Ltd. United Bank Ltd. Standard Chartered Bank

Auditor
M/s M. Sikandar & Company

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 336.00 336.00 175.00 255.50 1

Production Desc
Rest and resort facility

Units

Capacity

Actual Production

Eco Pack Ltd.( Plastobag Ltd.)

Suit-206, 2nd Floor, The Plaza, Kekhshan Clifton, Block-9, Karachi.

Management
Mr. Hussain Jamil(Chairman/C.E.) Mr. Ahsan Jamil(Director) Syed Sohail Raza Zaidi(Director) Mr. Shahid Jamil(Director) Mrs. Deborah Jamil(Director) Mrs. Ayesha Khan(Director) Mr. Asad Ali Sheikh(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 29th October , 2009 30th June , 2009 Askari Bank Ltd. Allied Bank Ltd. Habib Bank Ltd. JS Bank Ltd.

Banker

Auditor
M/s. Rahman Sarfaraz Rahim Iqbal Rafiq Co.

The Royal Bank of Scottland Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 6.09 10.79 2.25 6.60

Production Desc
Injections Blowing

Units
No. (in thousands) No. (in thousands)

Capacity
415733 304200

Actual Production
270839 203237

659

Emco Industries Ltd.

119/E-I, Hali Road, Gulberg-III, Lahore.

Management
Mr. S. A. Mannan(Chairman) Mr. Tariq Rehman(Chief Executive) Mr. Shafiq A. Siddiqui(Director) Mr. Haris Noorani(Director) Mr. Javaid Shafiq(Director) Mr. Suhail Mannan(Director) Mr. Tahir Rehman(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th October , 2009 30th June , 2009 Habib Bank Ltd.

Banker
Standard Chartered Bank ( Pakistan) Ltd. National Bank of Pakistan RBS Bank Ltd. Faysal Bank Ltd. Bank Of Punjab

Auditor
M/S A. F. Ferguson & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 6.42 16.40 3.45 5.85

Production Desc
Insulators produced Wall tiles produced Floor tiles produced

Units
M. Tons S. Meters S. Meters

Capacity
5,000 2,466,000 900,000

Actual Production
4,567 2,405,919 683,478

Fateh Industries Ltd.

Fateh Industries Ltd.,Mirpurkhas Road, Hyderabad.

Management
Mr. Saeed Alam(Chairman / C.E.O.) Mr. Aftab Alam(Director) Mr. Mohammad Mohsin(Director) Mr. Mohammad Naveed(Director) Mr. Rauf Alam(Director) Mr. Faraz Alam(Director) Mrs. Najma Roshan(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 29th October , 2009 30th June , 2009 United Bank Ltd.

Banker

Auditor
M/s. Tanwir Arif & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 8.00

Production Desc
Leather and footware

Units

Capacity

Actual Production

660

Frontier Ceramics Ltd.

29, Industrial Estate, Jamrud Road, Peshawar.

Management
Mr. Omer Khalid(Chairman / C.E.O.) Mr. Raja Ghazanfar(Director) Ms. Shazia Khalid(Director) Ms. Farhat(Director) Ms. Sana Khalid(Director) Mrs. Pervez Aslam(Director) Mr. Zia Khalid(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 22nd June 30th June , 2010 , 2009 Bank Al-Habib Ltd.

Banker
National Bank Of Pakistan United Bank Ltd.

Auditor
M/s. Amir Alam & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 3.36 3.99 1.00 1.60

Production Desc
Sanitaryware Tiles

Units
Tons Sq. Meters

Capacity
3,000 2,700,000

Actual Production
1,095,000

Gammon Pakistan Ltd.

Gammon House, 400/2, Peshawar Road, Rawalpindi.

Management
Syed Wajid Hussain Bukhari(Chairman) Mr. Ahmed Kuli Khan Khattak(Director) Mr. Raza Kuli Khan Khattak(Director) Mr. Mushtaq Ahmed Khan-FCA(Director) Mr. A. Karim Khan(Director) Mr. Amjad Hussain Malik(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%)

Banker
Allied Bank Of Pakistan Ltd. Silk Bank Ltd. Bank Al-Falah Ltd. National Bank Of Pakistan The Bank Of Punjab United Bank Limited 25th November , 2009 30th June , 2009 Face Value

Auditor
M/s. Hameed Chaudhri & Co.

Lt. Gen. (Retd.) Ali Kuli Khan Khattak(Chief Exec Askari Commercial Bank Ltd.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 4.00 9.70 2.25 5.98

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Construction work

Units

Capacity

Actual Production

661

Ghani Glass Ltd.

50-L, Model Town, Lahore.

Management
Mr. Shahid Khan(Director) Mr. Aitzaz Ahmed Khan(Chairman) Mr. Imtiaz Ahmed Khan(Chief Executive) Hafiz Avais Ghani(Director) Mr. Aftab Ahmed Khan(Director) Mr. Anwaar Ahmed Khan(Director) Mr. Faysal Essam T. Hamza(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30 10

Banker
Albaraka Islamic Bank Allied Bank Of Pakistan Ltd. Habib Bank Ltd. National Bank Of Pakistan Dawood Islamic Bank Ltd. Soneri Bank Ltd. Bank Al-Falah Ltd. 27th October , 2009 30th June , 2009 Face Value

Auditor
KPMG Taseer Hadi & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 57.00 111.74 16.28 48.10 8

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Float glass Hollow glass

Units
Metric tons Metric tons

Capacity
127,750 133,315

Actual Production
106,089 98,077

Ghani Value Glass Limited

50/L, Model Town, Lahore

Management
Mr. Imtiaz Ahmad Khan(Chairman) Mr. Anwaar Ahmad Khan(Chief Executive) Mr. Aftab Ahmad Khan(Director) Mr. Junaid Ghani(Director) Mr. Obaid Ghani(Director) Mrs. Ayesha Aftab(Director) Mrs. Reema Anwaar(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 8 28th October , 2009 30th June , 2009

Banker
Allied Bank Of Pakistan Habib Metorpolitan Bank Ltd. United Bank Ltd.

Auditor
M/s. Hameed Chaudhri & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 17.00 73.00 16.28 25.24 3

Production Desc
Mirror Glass

Units
Sq. Meter

Capacity
2,592,000

Actual Production
886,272

662

Gillette Pakistan Ltd.

5th Floor, Bahria Complex-1, 24,M.T.Khan Road, Karachi

Management
Mr. Al Abdulmalek Rijwani(Chairman) Mr. Saad Amanullah Khan(Director) Mr. Sami Ahmed(Director) Mr. Faisal Sabzwari(Director) Mr. Vincent Philippe Litrico(Director) Muhammad Noor-e-Arshi Khan(Director) Mr. Salim Adaya(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Citibank N.A.

Banker

Auditor
M.Yousuf Adil Saleem & Co,

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 51.60 147.00 49.40 82.95

Production Desc
Presonal care products

Units

Capacity

Actual Production

Goodluck Industries Ltd.

S-49/A, S.I.T.E, Mangopir Road, Karachi.

Management
Haji Hasham Haji Kassam(Chief Executive) Haji Moosa haji Kassam(Director) Mr. Ashfaq Haji Hasham(Director) Mr. Mohammad Abbas Memon(Director) Mr. Mohammed Bachal Memon(Director) Mr. Salim Rehmatullah Dada(Director) Mr. Shams-ul-Haque(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 20 23rd October , 2009 30th June , 2009 MCB Bank Ltd.

Banker
Habib Metropolitan Bank Limted United Bank Ltd. Bank Al-Falah Ltd. Bank Al Habib Ltd.

Auditor
M/s. Muniff Ziauddin & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 256.00

Production Desc
Storage of food crops

Units
M. Tons

Capacity
92,700

Actual Production
17,710

663

Grays Of Cambridge (Pakistan) Ltd.

Small Industries Estate, Sialkot - 4.

Management
Mr. Neil Douglas James Gray(Chairman) Mr. Khawar Anwar Khawaja(Chief Executive) Mr. Khurram Anwar Khawaja(Director) Mr. Muhammad Tahir Butt(Director) Mr. Nicholas John Gray(Director) Mr. Paul Douglas Gray(Director) Mr. Sarfraz Mahmood(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 25 350 31st October , 2009 30th June , 2009 MCB Bank Ltd.

Banker
National Bank of Pakistan. Crescent Commercial Bank Ltd.

Auditor
M/s. M.A. Tabbusum & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 58.00 215.00 52.96 119.13 31

Production Desc
Sports goods

Units

Capacity
Indeterminable

Actual Production
Indeterminable

Hashimi Can Company Ltd.

B/24, Sindh Industrial Trading Estate, Textile Avenue, Karachi.

Management
Mr. Munawar A. Malik(Chairman / C.E.O.) Mr. Zaheer A. Malik(Managing Director) Mr. Asif Ali Mufti(Director) Mr. Naseer Ali Malik(Director) Mr. M. Imran Rafiq (NIT)(Director) Mrs. Humera Malik(Director) Mrs. Musarrat Bano Malik(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 27th October , 2009 30th June , 2009

Banker
Allied Bank Of Pakistan Ltd. National Bank Of Pakistan United Bank Ltd. Bank Al-Falah Ltd.

Auditor
M/S Rao & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 6.00 9.00 6.00 7.50

Production Desc
Indeterminable

Units

Capacity

Actual Production

664

Haydari Construction Company Ltd.

Mezannine Floor, U. B. L. Building, Opp: Police Head Office, I.I.Chundrigar Road, Karachi-74000.

Management
Mr. S. M. Vakil(Chairman) Mr. Ali Asghar Rajani(Chief Executive) Mr. Abdur Razzak(Director) Mr. S. Qamar Ali Shah(Director) Mr. Sohail Ahmed Qureshi(Director) Mr. Faiz A. Subzwari(Director) Mr. Mumtaz Ali(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 27th October , 2009 30th June , 2009 MCB Bank Ltd.

Banker
National Bank Of Pakistan United Bank Ltd.

Auditor
M/s. Hyder Bhimji & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

5.00 .45 1.90 .22 .74

Production Desc
Construction works

Units

Capacity

Actual Production

IBL HealthCare Ltd.

9th Floor, NIC Building, Abbasi Shaheed Road, Karachi.

Management
Mr. Rashid Abdulla(Chairman/C.E.) Mr. Khalid Malik(Director) Syed Nadeem Ahmed(Director) Mr. Munis Abdulla(Director) Mr. Zubair Palwala(Director) Mr. Asad Abdulla(Director) Mr. Ayaz Abdulla(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 15th October , 2009 30th June , 2009 Silk Bank Ltd.

Banker
National Bank of Pakistan Standard Chartered Bank (Pakistan) Ltd. Habib Bank Ltd. The Royal Bank of Scotland

Auditor
M/s. Baker Tilly Mehmood Idrees Qamar & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 13.63 37.92 13.27 20.60

Production Desc

Units

Capacity

Actual Production

665

Indus Fruit Products Ltd.

65-K.M. Main Multan Road, Jamber Kalan, Tehsil Chunian, Dist. Kasur

Management
Mr. Ahmad Masood(Chairman) Mr. Shabbir Ghani(Chief Executive) Mr. M. Abul Hassan Asim(Director) Mr. Ghulam Farid(Director) Mr. Sohail Masud(Director) Mr. Mohammad Saleem(Director) Mr. Muhammad Khalid(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th November , 2008 30th June , 2008 MCB Bank Ltd. United Bank Ltd.

Banker

Auditor
M/s. Kamran & Co.

Saudi Pak Commercial Bank Ltd.

Face Value Market Price as on 30/06/2008 Highest Price in Lowest Price in Average Price in Investment Yield% 2008 2008 2008

Rs. Rs. Rs. Rs. Rs.

10.00 2.01 4.45 1.80 3.38

Production Desc
Crushing of different fruits Tetra Pak Juices Pet bottle juice

Units
M.Tons Packs/hours bottles/hours

Capacity
13,645 7,500 10,000

Actual Production
197 20,705 240

Ismail Industries Ltd.

17, Banglore Town, Main Shahrah-e-Faisal, Karachi.

Management
Mr. Muhammad M. Ismail(Chairman) Mr. Miftah Ismail(Chief Executive) Mr. Maqsood Ismail(Director) Mr. Munsarim Saif(Director) Mrs. Anisa Naviwala(Director) Mrs. Nafisa Yousuf Palla(Director) Mrs. Rashida Iqbal(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 15 Bank Al-Habib Ltd. Citibank N.A. Allied Bank Ltd. Habib Bank Ltd.

Banker

Auditor
M/S Anjum Asim Shahid Rehman

Habib Metropolitan Bank Limited Bank Al-Falah Ltd. Standard Chartered Bank 19th October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 61.45 67.25 39.94 53.58 5

Production Desc
Food processing Plastic film

Units
M. Tons M. Tons

Capacity
51,750 5,000

Actual Production
40,351 4,874

666

Karam Ceramics Ltd.

BC-6, Block-5, Scheme No.5, Kehkashan, Clifton, Karachi

Management
Mr. Shaban Ali G. Kassim(Chairman) Mr. Munawar Ali S. Kassim(Chief Executive) Mr. Irshad Ali S. Kassim(Vice Chairman) Mr. Shahnawaz Madhani(Director) Ms. Shaheen Ali(Director) Ms. Sakin Noorullah(Director) Mrs. Mariam Shaban Ali(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 28th October , 2009 30th June , 2009 Habib Bank Ltd. MCB Bank Ltd.

Banker

Auditor
M/s. Qavi & Co.

National Bank Of Pakistan Soneri Bank Ltd. Habib Metropolitan Bank Limted

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 13.00 28.98 13.00 20.99

Production Desc
Tiles

Units
Sq. Meters

Capacity
3,100,000

Actual Production
2,909,758

Leather Up Ltd.
Plot # 23/C, 15th Comm. Street, Phase II Ext., Defence Housing Authority, Karachi.

Management
Mr. S. Khalid H. Shah(Chairman / C.E.O.) Mr. S. Nazeer H. Shah(Director) Mr. Gulnaz K. Shah(Director) Mr. Majid M. Fazir(Director) Mr. Reza Ali Shah(Director) Ms. Rashida A. Shah(Director) Mr. Shahjahan Shah(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 Faysal Bank Ltd. MCB Bank Ltd. My Bank Ltd. United Bank Ltd.

Banker

Auditor
M/s. Rahman Sarfaraz Rahim Iqbal Rafiq

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.85 3.10 1.30 2.20

Production Desc
Different leather finished products

Units
Numbers

Capacity
49,466

Actual Production
5,221

667

MACPAC Films Ltd.

F/2, A-F, S.I.T.E, Karachi.

Management
Mr. Maqbool Elahi(Chief Executive) Mr. Muhammad Sadiq Khan(Chairman) Mr. Naeem Ali Mohammad(Director) Mrs. Rukhsana Maqbool(Director) Mr. Shariq Maqbool Elahi(Director) Miss Sana Nauman(Director) Air Marshal (R) Azim Daudpota(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 24th October , 2009 30th June , 2009 Faysal Bank Ltd. Habib Bank Ltd. Bank Al Falah Ltd.

Banker

Auditor
M/s. Avais Hyder Liaquat Nauman

Emirates Globale Islamic Bank MCB Bank Ltd. NIB Bank Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 2.63 6.35 1.51 3.19

Production Desc
BOPP CPP

Units
M.Tons M.Tons

Capacity
18,000 -

Actual Production
2,358 -

Mandviwala Mauser Plastic Industries Ltd.

Mandviwala Building, Old Queens Rood, Karachi-74000.

Management
Mr. Ali H. Mandviwalla(Chairman / C.E.O.) Mr. Masih ul Hassan(Director) Mr. Azeem H. Mandviwalla(Director) Mr. Kalbe Abbas Dharmasey(Director) Mr. Mohammad Anwar (SAPICO))(Director) Mr. Nadeem H. Mandviwalla(Director) Mr. Rahmat Karim Fazli(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th October , 2009 30th June , 2009 Bank Alfalah Ltd. Habib Bank Ltd.

Banker

Auditor
M/s. Jalis Ahmed & Co.

Industrial Development Bank Of Pakistan MCB Bank Ltd. Saudi Pak Ind. & Agr. Inv. Co. (Pvt.) Ltd. Standard Chartered Bank ( Pakistan) Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 2.70 3.10 .40 1.30

Production Desc
Plastic products

Units
M.Tons

Capacity
4,275

Actual Production
1,306

668

Mitchell's Fruit Farms Ltd.

39-A, D-1, Gulberg-III, Lahore.

Management
Mr. S. M .Mohsin(Advisor) Mr. Mehdi Mohsin(Chairman) Mr. Mujeeb Rashid(Chief Executive) Syed Faisal Imam(Director) Mr. Moaz Mohiuddin(Director) Mst.Umme Kulsum Imam(Director) Mr. Jamil Nasim (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 20 RBS Bank Ltd. Askari Bank Ltd. Citibank N.A. MCB Bank Ltd. Allied Bank Ltd. Habib Bank Ltd.

Banker

Auditor
M/s. A. F. Ferguson & Co.

Natioanl Bank of Paksitan 29th January , 2010 30th September, 2009 Face Value Market Price as on 30/09/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 74.59 87.02 45.13 66.08 5

Production Desc
Groceries Confectionery

Units
Dozens M. Tons

Capacity
Indeterminable Indeterminable

Actual Production
1,381,357 5,003

Mubarak Dairies Ltd.

Awan House, 23-Jail Road, Lahore.

Management
Mr. Khalid Suraj Bajwa(Chairman / C.E.O.) Mr. Naeem Ahmed Bajwa(Director) Mr. Zahid Mehmood Bajwa(Director) Mr. Tahir Mehmood Bajwa(Director) Mr. Hassan Khalid Bajwa(Director) Mr. Waseem Anwar Khan(Director) Mr. Hameed Ali Qureshi(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 RBS Bank Ltd.

Banker
Zari Taragiati Bank Ltd. Common Wealth Development Corp. (U.K.)

Auditor
M/s Ather & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.00 1.90 1.00 1.45

Production Desc
Dairy products

Units

Capacity

Actual Production

669

Murree Brewery Company Ltd.

National Park Road,Rawalpindi.

Management
Mr. Khurram Muzaffar(Chairman) Mr.Isphandyar M. Bhandara(Chief Executive) Lt. Gen. (R) Zarrar Azim(Director) Ch. Moeen Afzal(Director) Mr. Usman Khalid Waheed(Director) Mr. Aamir H. Shirazi(Director) Mr.Goshi M. Bhandara(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 50 10 30th October , 2009 30th June , 2009 Askari Bank Ltd. Bank Alfalah Ltd.

Banker

Auditor
KPMG Taseer Hadi & Co.

Standard Chartered Bank ( Pakistan) Ltd. National Bank Of Pakistan Bank of Khyber Allied Bank Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 75.89 166.32 57.10 99.80 6

Production Desc
Beer and Malt Food products Alcohol

Units
Th. Liters Cartons Th. Liters

Capacity
5,450 375,000 2,000

Actual Production
8,224 113,984 1,971

National Foods Ltd.

12/CL-6, Claremont Road, Civil Lines, Karachi-75530

Management
Mr. Adbul Majeed(Chairman) Mr. Abrar Hasan(M.D. / C.E.O.) Mr. Khwaja Munir Mashooqullah(Director) Mr. Waqar Hasan(Director) Mr. Zahid Majeed(Director) Mr. Ebrahim Qasim(Director) Mr. Iqbal Alimohammed(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 25 Bank Al-Habib Ltd. United Bank Ltd. MCB Bank Ltd. Bank Al Falah Ltd. Braclays Bank Ltd. Meezan Bank Ltd. 31st October , 2009 30th June , 2009

Banker
The Royal Bank of Scotland

Auditor
M/s. A.F.Ferguson & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 73.21 435.00 47.10 169.08 1

Production Desc
Spices Pickles Pastes

Units
M. Tons M. Tons M. Tons

Capacity
6,265 7,644 13,923

Actual Production
6,108 5,525 6,107

670

Nestle Pakistan Ltd.

308 Upper Mall, Lahore.

Management
Syed Yawar Ali(Chairman) Mr. Jan J. Donald(Managing Director) Mr. Fritz van Dijk(Director) Mr. Raymond Franke(Director) Mr. Alexandre Cantacuzene(Director) Syed Babar Ali(Director) Syed Hyder Ali(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 600 Citibank N.A. Deutsche Bank A.G. Habib Bank Ltd. MCB Bank Ltd.

Banker

Auditor
KPMG Taseer Hadi & Co.

Standard Chartered Bank United Bank Ltd. National Bank of Pakistan. 25th March , 2010 Face Value Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 1,245.96 1,323.00 798.45 1,060.00 8

31st December , 2009

Production Desc
Liquid dairy products Non-liquid dairy products

Units
Th. Liters Th. Kgs

Capacity
967,849 158,602

Actual Production
640,955 68,059

Noon Pakistan Ltd.

1st Floor, Alfalah Building, Shahrah -e- Quqid -e- Azam, Lahore.

Management
Mr. Manzoor Hayat Noon(Chairman / C.E.O.) Mr. K. Iqbal Talib(Director) Mr. Zaheer Ahmed Khan(Director) Mr. Javed Ali Khan(Director) Mr. Safdar M. Hayat Qureshi(Director) Mr. Adnann Hayat Noon(Director) Mr. Salman Hayat Noon(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 10 Allied Bank Ltd. United Bank Ltd.

Banker
M/s Hameed Chaudhri & Co.

Auditor

National Bank of Pakistan. Askari Bank Ltd. Bank Al-Falah Ltd. RBS Bank Ltd. 29th October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 50.88 156.19 38.98 56.00 5

Production Desc
Milk Powder and Butter Cheese Pasteuised Milk

Units
M. Tons M. Tons Thousand Liters

Capacity
44,416 3,275 5,840

Actual Production
17,162 2,801 1,807

671

Pace (Pakistan) Ltd.

103-C/11, Gulberg III, Lahore

Management
S. Sulieman Ahmed Said Al-Hoqani(Chairman) Mr. Salman Taseer(Chief Executive) Ms. Aamna Taseer(Director) Mr. Shahbaz Ali Taseer(Director) Mr. Abid Raza(Director) Mr. Jamal Said Al-Ojaili(Director) Mr. Mohammad Ali Athar(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Allied Bank Ltd. Arif Habib Bank Ltd. Bank Al-Falah Ltd. Habib Bank Ltd. Bank Al Habib Ltd.

Banker

Auditor
M/s. A. F. Fergusan & Co.

Standard Chartered Bank ( Pakistan) Ltd. Faysal Bank Ltd. 31st October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 5.58 28.06 5.57 14.70

Production Desc
To build and carryout commercial activities of tangible and intangible goods.

Units

Capacity

Actual Production

Pak Leather Crafts Ltd.

Plot -15 Sector 7-A, Korangi Industrial Area, Karachi.

Management
Dr. Mohammad Shoaib Ahmed(Director) Mr. Umer Ahmed(Director) Mr. Azeem Ahmed(Director) Mr. Bilal Ahmed(Director) Mr. Tariq Mustafa Khan(Director) Mr. Nayyer Ahmed Jalali(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%)

Banker
Habib Metropolitan Bank Ltd. Soneri Bank Limited Habib Bank Ltd. Industrial Development Bank Of Pakistan United Bank Ltd. NIB Bank Ltd. 28th October , 2009 30th June , 2009 Face Value

Auditor
M/s. S.M. Rehan & Co.

Mr. Muhammad Saleem Ahmed(Chairman & C.E Albaraka Islamic Bank

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 13.50 20.58 13.50 15.24

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Leather jackets

Units
Numbers

Capacity
Indeterminable

Actual Production
120,000

672

Pakistan Hotels Developers Ltd.

Regent Plaza Hotel, 7th Floor, 195/2, Shahrah-e-Faisal, Karachi

Management
Mr. S. Ferozuddin Baweja(Chairman / C.E.O.) Mr. Muzaffar F. Baweja(Managing Director) Mr. Mansoor F. Baweja(Director) Mrs. Lubna Muzaffar(Director) Mrs. Muniza Zubair(Director) Mst. Shahida Begum(Director) Mr. Zubair F. Baweja(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Bank Al-Habib Ltd.

Banker
Natioanl Bank of Paksitan MCB Bank Ltd. Saudi Pak Commercial Bank Ltd. My Bank Ltd. Braclays Bank Ltd. Faysal Bank Ltd. 30th September, 2009 30th June , 2009 Face Value

Auditor
M/s Haider Shamsi & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 27.27 85.70 24.50 45.46

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
No. of rooms

Units
Number

Capacity
413

Actual Production
110

Pakistan Services Ltd.

3rd Floor, Saudi Pak Tower, 61/A, Jinnah Avenue, Islamabad.

Management
Mr. Sadruddin Hashwani(Chairman) Mr. Murtaza Hashwani(Chief Executive) Ms. Sarah Hashwani(Director) Mr. Vazir Ali F. Mohammad(Director) Syed Sajid Ali(Director) Ms. Shazia Hashwani(Director) Mr. Shiraz Noordin(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Silk Bank Ltd. Habib Bank Ltd. Allied Bank Ltd.

Banker

Auditor
M/s. Taseer Hadi & Co.

National Bank Of Pakistan NIB Bank Ltd. KASB Bank Ltd. Mybank Ltd 30th October , 2009 30th June , 2009 Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 113.05 530.00 113.05 295.19

Production Desc
Rooms for guests

Units
No. of rooms

Capacity
1,300 available

Actual Production
246 utilized

673

Quice Food Industries Ltd.

Plot No.15 Phase III, Hattar Industrial Estate, Kyber Pakhtunkhua

Management
Mr. Muhammad Arif(Chief Executive) Mr. Sardar Iftikhar(Director) Mr. Jawed Yamin(Director) Mr. Siraj Khan(Director) Mr. Munawwar Bhatti(Director) Mr. Muhammad Riaz(Director) Mr. Akhtar Rasool(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 18th January , 2010 30th June , 2009 Meezan Bank Ltd. United Bank Ltd.

Banker

Auditor
M/s. Ibrahim, Shaikh & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1.55 3.65 .80 1.60

Production Desc
Syrup of different foods HHP

Units
Dozen bottles (680 ml) Dozen bottles (450 gm

Capacity
120,000 56,000

Actual Production
3,942 -

Rafhan Maize Products Co. Ltd.

Finlay House, 1st Floor, I. I. Chundrigar Road, Karachi.

Management
Mr. John F. Saucier(Chairman) Mr. Rashid Ali(Vice Chairman) Mr. Ansar Yahya(Chief Executive) Mian Wisal Ahmed Mannoo(Director) Mian Zulfikar Mannoo(Director) Mian Mohammad Adil Mannoo(Director) Mr. Cheryl K. Beebe(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 900 29th March , 2010 Citibank N.A. Habib Bank Limited Meezan Bank Ltd.

Banker

Auditor
KPMG Taseer Hadi & Co.

Standard Chartered Bank ( Pakistan) Ltd. MCB Bank Ltd. National Bank Of Pakistan

Face Value Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1,485.00 2,262.35 1,286.87 1,774.61 15

31st December , 2009

Production Desc
Grinding of foods

Units
M.Tons

Capacity
456,050

Actual Production
399,723

674

Service Industries Ltd.

Service House,2-Main Gulberg, Lahore-54662.

Management
Mr. Arif Saeed(Chairman) Mr. Shahid Hussain(Chief Executive) Mr. Hassan Javed(Director) Mr. M. Ijaz Butt(Director) Mr. Mohammad Akram(Director) Mr. Riaz Ahmed(Director) Mr. Shahid H. Kardar(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 200 Faysal Bank Ltd. Habib Bank Ltd. MCB Bank Ltd.

Banker
Braclays PLC, Pakistan

Auditor
M/S S.M. Masood & Co.

The Royal Bank of Scottland Ltd. Allied Bank Limited United Bank Ltd. 29th April , 2010 Face Value Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 265.99 315.43 47.51 140.20 14

31st December , 2009

Production Desc
Tyres Tubes

Units
Nos. Nos.

Capacity
8,514,630 15,153,504

Actual Production
4,800,013 12,628,337

Shabbir Tiles And Ceramics Ltd.

15th Milestone, National Highway, Landhi, Karachi

Management
Mr. Rafiq M. Habib(Chairman) Mr. Alireza M. Alladin(Chief Executive) Mr. Abdul Hai M. Bhaimia(Director) Mr. Ali S. Habib(Director) Mr. Karsi D. Kapadia(Director) Mr. Mansoor G. Habib(Director) Mr. Nazim F. Haji (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 26th October , 2009 30th June , 2009 RBS Bank Ltd. Bank Al-Habib Ltd.

Banker

Auditor
M/S Ford Rhodes Sidat Hyder & Co.

Habib Metropolitan Bank Limted Habib Bank Ltd. Natioanl Bank of Paksitan

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

5.00 14.00 37.90 12.50 22.30

Production Desc
Sanitaryware Tiles

Units
Million Sq. Meters

Capacity
12.76

Actual Production
7.72

675

Shakarganj Food Ltd. (Al-Jadeed Textile Mills Ltd.)

Bank of Punjab Tower, 10-B, Block-E/2, Gulberg-III, Lahore.

Management
Mr. Asif Ali(Chairman / C.E.O.) Mr. Faraz Ahmed(Director) Mr. Javed Akhter Mangoria(Director) Mr. Shahzada Ahsan Ali(Director) Mr. Sadaqat Hussain(Director) Mr. Khalid Hussain(Director) Mr. Ali Haider Jafri(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 31st October , 2009 30th June , 2009 MCB Bank Ltd Habib Bank Ltd.

Banker

Auditor
M/S Jalis Ahmed & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 2.31 14.15 2.00 6.05

Production Desc
Food items

Units

Capacity

Actual Production

Shezan International Ltd.

56-Bund Road, Lahore-54500

Management
Mr. Muneer Nawaz(Chairman) Mr. Saifi Chaudhry(Chief Executive) Mr. C. M. Khalid(Director) Mr. M. Naeem(Director) Mr. Mahmood Nawaz(Director) Mr. Muhammad Asif (NIT)(Director) Mr. Shamshad Ahmead (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 60 29th October , 2009 30th June , 2009 Bank Al-Habib Ltd. Habib Bank Ltd. The Bank of Khyber United Bank Ltd. MCB Bank Ltd.

Banker

Auditor
M/s. Ford Rhodes Sidat Hyder & Co.

National Bank of Pakistan.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 116.00 355.00 103.00 198.52 3

Production Desc
Juice-Bottling plant Juice-Tetra Pak plant Sqashes and syrups plant

Units
Thousand Crates Thousand Dozens Thousand Dozens

Capacity
5,925 19,275 590

Actual Production
4,430 16,140 220

676

Shield Corporation Ltd.(Transpak Corp.)

509, Business Avenue, Block 6, P.E.CH.S, Shahrah-e-Faisal, Karachi

Management
Mr. Ebrahim Qassim(Chairman) Mr. M. Haroon Qasim(Managing Director) Mr. Zamiruddin Ahmed(Director) Ms. Saadia Butt Naveed(Director) Mr. Vali Muhammad A. Habib(Director) Mr. Muhammad Jamil Qassim(Director) Mr. Muhammad Salman Qassim(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30 24th October , 2009 30th June , 2009 Meezan Bank Ltd.

Banker
Habib Metropolitan Bank Limted

Auditor
M/s. Moochhala Gangat & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 59.90 138.00 54.45 72.87 4

Production Desc
Dental care Baby care

Units
Kilograms Kilograms

Capacity
184,800 496,306

Actual Production
102,812 297,372

Shifa International Hospitals Ltd.

Sector-H-8/4, Islamabad.

Management
Dr. Zaheer Ahmad(Chairman / C.E.O.) Dr. Abdul Razaq(Director) Dr. Habib-Ur-Rahman(Director) Dr. Manzoor H. Qazi(Director) Mr. Masood Aziz Syed(Director) Mrs. Salma Quraishy(Director) Mr. Muhammad Zahid(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 24 31st October , 2009 30th June , 2009 Askari Bank Ltd. MCB Bank Ltd. Bank Al-Habib Ltd. Allied Bank Ltd.

Banker

Auditor
M/S M. Yousaf Adil Saleem & Co.

Meezan Bank Limited Bank Al-Falah Ltd.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 19.25 26.00 13.05 19.53 12

Production Desc
Inpatient Room

Units
Bed per day

Capacity
108,040

Actual Production
73,965

677

Siddiqsons Tin Plate

D-53, Textile Avenue, S.I.T.E, Karachi.

Management
Mr. Abdullah Rafi(Chairman) Mr. Tariq Rafi(Chief Executive) Mr. Sanaullah Abdullah(Director) Mr. Ibrahim Shamsi(Director) Mr. S. Waliullah Shah(Director) Mr. Jean Pierre Gugenhim(Director) Mr. Satoru Oki(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 10 Allied Bank Ltd.

Banker
Dubai Islamic Bank Ltd. Soneri Bank Ltd. The Hong Kong & Shanghai Banking Corporation Ltd Habib Bank Ltd. Habib Metropolitan Bank Limted MCB Bank Ltd. 26th October , 2009 30th June , 2009 Face Value

Auditor
M/s. Yousuf Adil Saleem & Co.

Rs. Rs. Rs. Rs. Rs. 2009 2009 2009

10.00 8.51 20.89 7.01 10.96 9

Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield%

Production Desc
Tin plate & other steel products

Units
M. Tons

Capacity
120,000

Actual Production
36,810

Syed Match Company Ltd.

Rehana Road, Sarai Saleh, Distt. Haripur. NWFP.

Management
Mr.Zaheer Khan(Managing Director) Mr. M. Shabbier Khan(Chairmen/Director) Mr. Shabana Waheed(Director) Mr. M. Waheed Khan(Director) Mr. Saleem Shehzad(Director) Mr. Zia ullah(Director) Mr. Zia ur Rehman(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 30th June , 2008 MCB Bank Ltd.

Banker

Auditor
M/S. Shahid Sami & Co.

Face Value Market Price as on 31/12/2008 Highest Price in Lowest Price in Average Price in Investment Yield% 2008 2008 2008

Rs. Rs. Rs. Rs. Rs.

10.00 20.90 19.50 18.00 18.94

31st December , 2008

Production Desc
Match production

Units
Thousand packets

Capacity
2,000

Actual Production
865

678

Tariq Glass Industries Ltd.

128-J, Model Town, Lahore.

Management
Mr. Tariq Baig(Chairman/M.D.) Mr. David Julian(Director) Mr. Akbar Baig(Director) Mr. Mansoor Irfani(Director) Mrs. Naima Tariq(Director) Mr. Omer Baig(Director) Syed Tufail Hussain(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 03rd October , 2009 30th June , 2009 Habib Bank Ltd.

Banker
National Bank Of Pakistan United Bank Ltd.

Auditor
KPMG Taseer Hadi & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 6.98 15.40 5.40 8.84

Production Desc
Container Tableware

Units
M. Tons M. Tons

Capacity
17,469 40,727

Actual Production
13,965 25,647

Treet Corporation Ltd.

72 - B, Kot Lakhpat Industrial Area, Lahore.

Management
Syed Shahid Ali(Chairman & C.E.) Mrs. Feriel Ali Mehdi(Chief Executive) Dr. Mrs. Niloufer Mahdi(Director) Mr. Firasat Ali(Director) Syed Sheharyar Ali(Director) Mr. Munir K. Bana(Director) Mr. Muhammad Shafique Anjum(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) Bank Al-Habib Ltd. Allied Bank Ltd. Habib Bank Ltd. Bank Al-Falah Ltd. Braclays Bank Ltd. JS Bank Ltd.

Banker
Askari Commercial Bank Limited

Auditor
KPMG Taseer Hadi & Co.

30th October , 2009 30th June , 2009

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 250.00 259.35 131.50 195.43

Production Desc
Stainless steel blades

Units
Units in million

Capacity
900

Actual Production
1,261

679

Tri-Pack Films Ltd.

4th Floor, The Forum, Suit # 416-422, G-20, Block-9, Clifton, Khayaban-e-Jami, Karachi-75600.

Management
Syed Babar Ali(Chairman) Mr. Shahid Hussain(Chief Executive) Mr. Tatsuo Obana(Director) Mr. Khalid Yacob(Director) Mr. Faisal Farid(Director) Syed Hyder Ali(Director) Mr. Masaharu Domichi(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 100 Askari Bank Ltd. Bank Al-Falah Ltd. Deutsche Bank AG Braclays Bank Ltd. MCB Bank Ltd.

Banker

Auditor
M/S A. F. Ferguson & Co.

HSBC Bank Middle East Ltd. The Bank Of Khyber 24th March , 2010 Face Value Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009 Rs. Rs. Rs. Rs. Rs. 10.00 103.00 145.25 88.51 108.23 9

31st December , 2009

Production Desc
Biaxially Oriented Polypropylene Films

Units
M.Tons

Capacity
34,800

Actual Production
31,550

Unilever Pakistan Foods Ltd. (Rafhan Bestfoods Ltd.)

Avari Plaza, Fatima Jinnah Road, Karachi-75530

Management
Mr. Ehsan Ali Malik(Chairman) Ms. Fariyha Subhani(Chief Executive) Mr. Abdul Rab(Director) Mian Zulfikar H. Mannoo(Director) Mr. Kamal Mannoo(Director) Ms. Shazia Syed(Director) Mr. Mian Mohammad Adil Mannoo(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 340 22nd April , 2010 Habib Bank Ltd. MCB Bank Ltd.

Banker

Auditor
M/s A. F. Ferguson & Co.

National Bank of Pakistan

Face Value Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 1,300.00 1,576.53 1,140.01 1,358.27 8

31st December , 2009

Production Desc
Interchangeble food products

Units
M. Tons

Capacity
Indeterminable

Actual Production
17,200

680

Unilever Pakistan Ltd.

Avari Plaza, Fatima Jinnah Road, Karachi

Management
Mr. Ehsan A. Malik(Chairman / C.E.O.) Mr. Imran Husain(Execuative Director) Mr. M. Qaysar Aslam(Execuative Director) Ms. Shazia Syed(Execuative Director) Mr. Amir R. Paracha(Execuative Director) Mr. Zafar Ahmed Khan(Director) Mr. Khalid Rafi(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 458 19th April , 2010 Citibank N.A. MCB Bank Ltd.

Banker

Auditor
M/S A. F. Ferguson & Co.

Standard Chartered Bank ( Pakistan) Ltd. The Hongkong & Shanghai Banking Corp. Ltd.

Face Value Market Price as on 31/12/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

50.00 2,300.00 2,475.00 1,725.00 2,100.00 14

31st December , 2009

Production Desc
Food & personal care products Beverages Ice Cream

Units
M.Tons M. Tons Million Liters

Capacity
58,883 58,587 77

Actual Production
46,299 34,240 37

United Brands Ltd.(Udl Industries Ltd.)

1st Floor, NIC Building, Abbasi Shaheed Road, Karachi.75530

Management
Mr. Asad Abdulla(Chairman / C.E.O.) Miss Mahek Malik(Director) Mr. Faisal Abdulla(Director) Mr. Ayaz Abdulla(Director) Mr. Shuja Malik(Director) Mr. Zubair Palwala(Director) Syed Nadeem Ahmed(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 25th November , 2009 30th June , 2009 Meezan Bank Ltd.

Banker
Standard Chartered Bank ( Pakistan) Ltd. Habib Bank Ltd.

Auditor
M/S Mehmood Idrees Qamar & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 64.00 83.90 49.57 68.06

Production Desc
Distribution of food and personal care.

Units

Capacity

Actual Production

681

United Distributors Pakistan Ltd.

9th Floor, N.I.C.Building, Abbasi Shaheed Road, Karachi.

Management
Mr. Rashid Abdulla(Chief Executive) Mr. Asad Abdulla(Director) Mr. Zubair Razzak Palwala(Director) Mr. Ayaz Abdulla(Director) Mr. Munis Abdulla(Director) Mr. Khalid Malik(Director) Mr. Abdullah Ghulam Ali (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 10 10 26th October , 2009 30th June , 2009 Habib Bank Ltd.

Banker
Emirtes Global Islamic Bank Ltd. Habib Metropolitan Bank Limted Meezan Bank Ltd.

Auditor
M/s. Mehmood Idrees Qamar & Co.

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 10.31 26.90 9.31 14.29 14

Production Desc
Liquit (Bottles) Sachet (Powder) Granular Plant

Units
Satches of different siz

Capacity
2,640,000 1,320,000 1,756,471

Actual Production
1,130,867 418,672 1,493,000

ZIL Ltd. (Zulfeqar Industries Ltd.)

3rd Floor, Kandawala Building, M.A.Jinnah Road, Karachi.

Management
Mrs. Feriel Ali Mehdi(Chairman / C.E.O.) Syed Maratib Ali(Director) Syed Tariq Ali(Director) Mr. Khurshid Hadi(Director) Mr. Omer Ehtisham(Director) Mr. Shahid Nazir Ahmed(Director) Mr. Kemal Shoaib (NIT)(Director) Date of Annual General Meeting Year Ending : Percentage Dividend rate : Ordinary Shares (%) Ordinary Shares Bonus (%) Preference Shares(%) 40 10 27th October , 2009 30th June , 2009 Faysal Bank Ltd. Habib Bank Ltd. Meezan Bank Ltd.

Banker

Auditor
KPMG Taseer Hadi & Co.

Standard Chartered Bank ( Pakistan) Ltd. Natioanl Bank of Paksitan

Face Value Market Price as on 30/06/2009 Highest Price in Lowest Price in Average Price in Investment Yield% 2009 2009 2009

Rs. Rs. Rs. Rs. Rs.

10.00 63.30 131.28 52.69 78.80 6

Production Desc
Soaps

Units
M. Tons

Capacity
10,500

Actual Production
8,157

682

APPENDICES

Appendix:1
Companies Covered in the Balance Sheet Analysis for the year 2009 (414)
Company Page No.
Data 1. Textile Sector (152) (Colony) Sarhad Textile Mills Ltd. (Colony) Thal Textile Mills Ltd. Accord Textiles Ltd. Adil Textile Mills Ltd. Ahmed Hassan Textile Mills Ltd. Al-Azhar Textile Mills Ltd. Al-Qadir Textile Mills Ltd. Ali Asghar Textile Mills Ltd. Allawasaya Textile & Finishing Mills Ltd. Amin Spinning Mills Ltd. Annoor Textile Mills Ltd. Apollo Textile Mills Ltd. Artistic Denim Mills Ltd. Aruj Garment Accessories Ltd. Ashfaq Textile Mills Ltd. Asim Textile Mills Ltd. Ayesha Textile Mills Ltd. Azam Textile Mills Ltd. Azgard Nine Ltd.(Legler-Nafees Denim Mills Ltd.) Babri Cotton Mills Ltd. Baig Spinning Mills Ltd. Bhanero Textile Mills Ltd. Bilal Fibres Ltd. Blessed Textile Mills Ltd. Brothers Textile Mills Ltd. Chakwal Spinning Mills Ltd. Chenab Ltd. Colony Mills Ltd. (Colony Textile Mills Ltd.) Crescent Fibres Ltd. D.M. Textile Mills Ltd. D.S.Industries Ltd. Dar Es Salaam Textile Mills Ltd. Data Textiles Ltd. Dawood Lawrancepur Mills Ltd. Dewan Farooque Spinning Mills Ltd. Dewan Khalid Textile Mills Ltd. Dewan Mushtaq Textile Mills Ltd. Dewan Textile Mills Ltd. Din Textile Mills Ltd. Elahi Cotton Mills Ltd. Ellcot Spinning Mills Ltd. Faisal Spinning Mills Ltd. Fateh Sports Wear Ltd. Fateh Textile Mills Ltd. Fatima Enterprises Ltd. Fawad Textile Mills Ltd. Fazal Cloth Mills Ltd. Fazal Textile Mills Ltd. Gadoon Textile Mills Ltd. Ghazi Fabrics International Ltd. Glamour Textile Mills Ltd. Globe Textile Mills (OE) Ltd. Globe Textile Mills Ltd. Gul Ahmed Textile Mills Ltd. Gulistan Spinning Mills Ltd. 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 163 163 164 164 165 165 166 166 167 167 168 168 169 169 170 170 171 171 172 172 173 173 174 174 175 175 176 176 177 177 178 178 179 179 180 180 181 181 182 182 183 183 184 184 185 185 186 186 187 187 188 188 189 189 190 Profile Gulistan Textile Mills Ltd. Gulshan Spinning Mills Ltd. Hafiz Textile Mills Ltd. Haji Mohammad Ismail Mills Ltd. Hajra Textile Mills Ltd. Hala Enterprises Ltd. Hamid Textile Mills Ltd. Hira Textile Mills Ltd. Husein Industries Ltd. I.C.C. Textiles Ltd. Ideal Spinning Mills Ltd. Idrees Textile Mills Ltd. Indus Dyeing & Manufacturing Co. Ltd. International Knitwear Ltd. Ishaq Textile Mills Ltd. Ishtiaq Textile Mills Ltd. Island Textile Mills Ltd. J.A. Textile Mills Ltd. J.K. Spinning Mills Ltd. Janana De Malucho Textile Mills Ltd. Jubilee Spinning & Weaving Mills Ltd. Karim Cotton Mills Ltd. Khalid Siraj Textile Mills Ltd. Khurshid Spinning Mills Ltd. Khyber Textile Mills Ltd. Kohat Textile Mills Ltd. Kohinoor Industries Ltd. Kohinoor Mills Ltd. Kohinoor Spinning Mills Ltd. Kohinoor Textile Mills Ltd. Landmark Spinning Mills Ltd. Mahmood Textile Mills Ltd. Maqbool Textile Mills Ltd. Masood Textile Mills Ltd. Mehr Dastagir Textile Mills Ltd. Mian Textile Industries Ltd. Mohammad Farooq Textile Mills Ltd. Mubarak Textile Mills Ltd. Mukhtar Textile Mills Ltd. N.P. Spinning Mills Ltd. Nadeem Textile Mills Ltd. Nagina Cotton Mills Ltd. Nakshbandi Industries Ltd. Nazir Cotton Mills Ltd. Nina Industries Ltd. Nishat (Chunian) Ltd. Nishat Mills Ltd. Olympia Spinning & Weaving Mills Ltd. Olympia Textile Mills Ltd. Paramount Spinning Mills Ltd. Premium Textile Mills Ltd. Prosperity Weaving Mills Ltd. Quality Textile Mills Ltd. Quetta Textile Mills Ltd. Ravi Textile Mills Ltd. Redco Textiles Ltd. Regent Textile Industries Ltd.

Company

Page No.
Data 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 Profile 190 191 191 192 192 193 193 194 194 195 195 196 196 197 197 198 198 199 199 200 200 201 201 202 202 203 203 204 204 205 205 206 206 207 207 208 208 209 209 210 210 211 211 212 212 213 213 214 214 215 215 216 216 217 217 218 218

684

Company
Reliance Cotton Spinning Mills Ltd. Reliance Weaving Mills Ltd. Resham Textile Industries Ltd. Ruby Textile Mills Ltd. Safa Textiles Ltd. Saif Textile Mills Ltd. Saitex Spinning Mills Ltd. Sajjad Textile Mills Ltd. Saleem Denim Industries Ltd. Salfi Textile Mills Ltd. Sally Textile Mills Ltd. Salman Noman Enterprises Ltd. Samin Textiles Ltd. Sana Industries Ltd. Sapphire Fibres Ltd. Sapphire Textile Mills Ltd. Sargodha Spinning Mills Ltd. Saritow Spinning Mills Ltd. Service Fabrics Ltd. Service Industries Textiles Ltd. Shadab Textile Mills Ltd. Shadman Cotton Mills Ltd. Shaheen Cotton Mills Ltd. Shahpur Textile Mills Ltd. Shahtaj Textile Ltd. Shahzad Textile Mills Ltd. Shams Textile Mills Ltd. Sind Fine Textile Mills Ltd. Sunrays Textile Mills Ltd. Suraj Cotton Mills Ltd. Taha Spinning Mills Ltd. Taj Textile Mills Ltd. Tata Textile Mills Ltd. The Crescent Textile Mills Ltd. Towellers Ltd. Usman Textile Mills Ltd. Yousaf Weaving Mills Ltd. Zahidjee Textile Mills Ltd. Zahur Cotton Mills Ltd. Zephyr Textiles Ltd. 2. Other Textile Sector (15) Al-Abid Silk Mills Ltd. Bannu Woollen Mills Ltd. Dewan Salman Fibre Ltd. Gatron (Industries) Ltd. Ibrahim Fibres Ltd. Indus Polyester Company Ltd. Kashmir Polytex Ltd. Liberty Mills Ltd. Moonlite (Pak) Ltd. Noor Silk Mills Ltd. Pakistan Synthetics Ltd. Rupali Polyester Ltd. S.G. Fibres Ltd. The National Silk & Rayon Mills Ltd. Tri-Star Polyester Ltd. 3. Chemical Sector (36) Abbott Lab. (Pakistan) Ltd. BOC Pakistan Ltd

Page No.
Data 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 Profile 219 219 220 220 221 221 222 222 223 223 224 224 225 225 226 226 227 227 228 228 229 229 230 230 231 231 232 232 233 233 234 234 235 235 236 236 237 237 238 238 Ados Pakistan Ltd.

Company
Bawanyair Products Ltd. Berger Paints Pakistan Ltd. Biafo Industries Ltd. Buxly Paints Clariant Pakistan Ltd. Colgate-Palmolive Pakistan Ltd. Data Agro Ltd. Dawood Hercules Chemicals Ltd. Descon Chemicals Ltd. (Nimir Resins Ltd.) Descon Oxychem Ltd. Dynea Pakistan Ltd. Engro Corporation Limited (Engro Cheml Pakistan Ltd.) Engro Polymer & Chemicals Ltd. Fauji Fertilizer Bin Qasim Ltd. Fauji Fertilizer Company Ltd. Ferozsons Laboratories Ltd. GlaxoSmithKline Pakistan Ltd. Highnoon Laboratories Ltd. ICI Pakistan Ltd. Ittehad Chemicals Ltd. Leiner Pak Gelatine Ltd. Lotte Pakistan PTA Ltd.(Pakistan PTA Ltd.) Nimir Industrial Chemicals Ltd. Otsuka Pakistan Ltd. Pakistan Gum & Chemicals Ltd. Pakistan PVC Ltd. Sanofi-Aventis Pakistan Ltd. (Aventis Pharma) Sardar Chemical Industries Ltd. Searle Pakistan Ltd. Shaffi Chemical Industries Ltd Sitara Chemical Industries Ltd. Sitara Peroxide Ltd. Wah Nobel Chemicals Ltd Wyeth Pakistan Ltd. 4. Engineering Sector (38)

Page No.
Data 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 Profile 307 307 308 308 309 309 310 310 311 311 312 312 313 313 314 314 315 315 316 316 317 317 318 318 319 319 320 320 321 321 322 322 323 323

328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353

366 366 367 367 368 368 369 369 370 370 371 371 372 372 373 373 374 374 375 375 376 376 377 377 378 378

Agriauto Industries Ltd. Al-Ghazi Tractors Ltd. Atlas Battery Ltd Atlas Engineering Ltd. (Allwin Engineering Industries Ltd.) Atlas Honda Ltd.

243 244 245 246 247 248 249 250 251 252 253 254 255 256 257

258 258 259 259 260 260 261 261 262 262 263 263 264 264 265

Baluchistan Wheels Ltd. Bela Automotives Ltd. Bolan Castings Ltd. Crescent Steel & Allied Products Ltd. Dadex Eternit Ltd. Dewan Automotive Engineering Ltd. (Allied Motors Ltd.) Dewan Farooque Motors Ltd. Dost Steels Ltd. Exide Pakistan Ltd. General Tyre & Rubber Company Ltd. Ghandhara Industries Ltd. Ghandhara Nissan Ltd. Ghani Automobile Industries Ltd. HinoPak Motors Ltd. Honda Atlas Cars (Pakistan) Ltd. Huffaz Seamless Pipe Industries Ltd. Indus Motor Company Ltd. International Industries Ltd.

270 271

306 306

Jhonson & Phillips (Pakistan) Ltd. KSB Pumps Company Ltd.

685

Company
Metropoliten Steel Corporation Ltd. Millat Tractors Ltd. Pak Elektron Ltd. Pak Suzuki Motor Company Ltd. Pakistan Cables Ltd. Pakistan Engineering Comp. Ltd. Pakistan Telephone cables Ltd. Sazgar Engineering Works Ltd. Siemens Pakistan Enginnering Co. Ltd. Singer Pakistan Ltd. The Climax Engineering Company Ltd. Transmission Engineering Industries Ltd 5. Sugar Sector (36)

Page No.
Data 354 355 356 357 358 359 360 361 362 363 364 365 Profile 379 379 380 380 381 381 382 382 383 383 384 384 7. Cement Sector (21)

Company

Page No.
Data Profile

Al-Abbas Cement Industries Ltd. Attock Cement Pakistan Ltd. Bestway Cement Ltd. Cherat Cement Company Ltd. D.G Khan Cement Company Ltd. Dadabhoy Cement Indust.Ltd. Dandot Cement Company Ltd. Dewan Cement Ltd. Fauji Cement Company Ltd. Fecto Cement Ltd. Flying Cement Company Ltd. Gharibwal Cement Ltd. Javedan Cement Ltd.

465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485

486 486 487 487 488 488 489 489 490 490 491 491 492 492 493 493 494 494 495 495 496

Abdullah Shah Ghazi Sugar Mills Ltd.(Al-Asif Sugar Mills Ltd.) 389 Adam Sugar Mills Ltd. Al-Abbass Sugar Mills Ltd. Al-Noor Sugar Mills Ltd. Ansari Sugar Mills Ltd. Baba Farid Sugar Mills Ltd. Bawany Sugar Mills Ltd. Chashma Sugar Mills Ltd. Colony Sugar Mills Ltd. Crescent Sugar Mills & Distillery Ltd. Dewan Sugar Mills Ltd. Faran Sugar Mills Ltd. Fecto Sugar Mills Ltd. Habib-ADM Ltd. Habib Sugar Mills Ltd. Haseeb Waqas Sugar Mills Ltd. Husein Sugar Mills Ltd. JDW Sugar Mills Ltd. Khairpur Sugar Mills Ltd. Kohinoor Sugar Mills Ltd. Mehran Sugar Mills Ltd. Mirpurkhas Sugar Mills Ltd. Mirza Sugar Mills Ltd. Noon Sugar Mills Ltd. Pangrio Sugar Mills Ltd. Sakrand Sugar Mills Ltd. Saleem Sugar Mills Ltd. Sanghar Sugar Mills Ltd. Shahmurad Sugar Mills Ltd. Shahtaj Sugar Mills Ltd. Shakarganj Mills Ltd. Sindh Abadgar's Sugar Mills Ltd. Tandlianwala Sugar Mills Ltd. The Frontier Sugar Mills & Dist. Ltd. The Premier Sugar Mills & Dist.Com. Ltd. The Thal Industries Corporation Ltd. 6. Paper and Board Sector (9) Balochistan Particle Board Ltd. Central Forest Products Ltd. Century Paper & Board Mills Ltd. Cherat Papersack Ltd. Dadabhoy Sack Ltd. Merit Packaging Ltd. Packages Limited. Pakistan Paper Products Ltd. Security Papers Ltd. 447 448 449 450 451 452 453 454 455 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424

425 425 426 426 427 427 428 428 429 429 430 430 431 431 432 432 433 433 434 434 435 435 436 436 437 437 438 438 439 439 440 440 441 441 442 442

Kohat Cement Company Ltd. Lafarge Pakistan Cement Ltd. Lucky Cement Maple Leaf Cement Factory Ltd. Mustehkam Cement Ltd. Pioneer Cement Ltd. Thatta Cement Company Ltd. Zeal Pak Cement Factory Ltd. 8. Fuel and Energy Sector (27) Altern Energy Ltd. Attock Petroleum Ltd. Attock Refinary Ltd. Byco Petruleum (Bosicor Pakistan Ltd.) Genertech pakistan Ltd. Ideal Energy Ltd. Japan Power Ger. Ltd. Karachi Electric Supply Company Ltd. Kohinoor Energy Ltd. Kohinoor Power Company Ltd. Kot Addu Power Company Ltd. Mari Gas Co. Ltd. National Refinery Ltd. Oil & Gas Development Comp. Ltd. Pakistan Oilfields Ltd. Pakistan Petroleum Ltd Pakistan Refinery Ltd. Pakistan State Oil Co. Ltd. S.G Power Ltd. Shell Gas LPG (Pakistan) Ltd. Shell Pakistan Ltd. Sitara Energy Ltd. Southern Electric Power Company Ltd. Sui Northern Gas Pipelines Ltd. Sui Southern Gas Company Ltd. The Hub Power Company Ltd. Tri-Star Power Ltd.

501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527

528 528 529 529 530 530 531 531 532 532 533 533 534 534 535 535 536 536 537 537 538 538 539 539 540 540 541

456 456 457 457 458 458 459 459 460

9. Transport and Communication Sector (13) Callmate Telips Telecome Ltd. Eye Television Networks Ltd. Media Times Ltd. NetSol Tecnologies Ltd. Pak Datacom Ltd. Pakistan International Container Terminal Ltd. Pakistan International Airlines Corporation 546 547 548 549 550 551 552 559 559 560 560 561 561 562

686

Company
Pakistan National Shipping Corporation Paksitan Telecommunication Co. Ltd. Southern Networks Ltd. TRG Pakistan Ltd. Telecard Ltd. WorldCall Telecom Ltd. 10. Others (66) A. Tobacco Sector (3) Khyber Tobacco Company Ltd. Lakson Tobacco Company Ltd. Pakistan Tobacco Company Ltd. B. Jute Sector (4) Crescent Jute Products Ltd. Latif Jute Mills Ltd. Suhail Jute Mills Ltd. Thal Limited (Thal Jute Mills Ltd.) C. Vanaspati and Allied Industries Sector (4) Morafco Industries Ltd. Punjab Oil Mills Ltd. S.S Oil Mills Ltd. Wazir Ali Industries Ltd. D. Miscellaneous Sector (56) AKD Capital Ltd. Al-Khair Gadoon Ltd. Arpak International Investments Ltd. Baluchistan Glass Ltd. Bata Pakistan Ltd. Clover Pakistan Ltd. Dadabhoy Construction Technology Ltd. Diamond Industries Ltd. Dreamworld Ltd. Eco Pack Ltd. Emco Industries Ltd. Fateh Industries Ltd. Frontier Ceramics Ltd. Gammon Pakistan Ltd. Ghani Glass Ltd. Ghani Value Glass Ltd. Gillette Pakistan Ltd. Goodluck Industries Ltd. Grays Of Cambridge Ltd. Hashimi Can Company Ltd. Haydari Construction Comp. Ltd. IBL HealthCare Ltd. Indus Fruit Products Ltd. Ismail Industries Ltd. Karam Ceramics Ltd. Leather-Up Ltd. Macpac Films Ltd. Mandviwalla Mauser Plastic Industries Ltd. Mitchell's Fruit Farms Ltd. Mubarak Dairies Ltd. Murree Brewery Company Ltd. National Foods Ltd. Nestle Pakistan Ltd.

Page No.
Data 553 554 555 556 557 558 Profile 562 563 563 564 564 565 Noon Pakistan Ltd. Pace Pakistan Ltd. Pak Leather Craft Ltd.

Company

Page No.
Data 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 Profile 671 672 672 673 673 674 674 675 675 676 676 677 677 678 678 679 679 680 680 681 681 682 682

Pakistan Hotels Developers Ltd. Pakistan Services Ltd. Quice Food Industries Ltd. Rafhan Maize Products Co. Ltd. Service Industries Ltd. Shabbir Tiles and Ceramics Ltd. Shakarganj Food Mills Ltd.

570 571 572

573 573 574

Shezan International Ltd. Shield Corporation Ltd. Shifa International Hospital Ltd. Siddiqsons Tin Plate Ltd. Syed Match Company Ltd. Tariq Glass Industries Ltd.

579 580 581 582

583 583 584 584

Treet Corporation Ltd. Tri-Pack Films Ltd. Unilever Pakistan Foods Ltd. Unilever Pakistan Ltd. United Brands Ltd.(Udl Industries Ltd.) United Distributors Pakistan Ltd. ZIL Limited (Zulfeqar Industries Ltd.)

589 590 591 592

593 593 594 594

599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631

655 655 656 656 657 657 658 658 659 659 660 660 661 661 662 662 663 663 664 664 665 665 666 666 667 667 668 668 669 669 670 670 671

687

Appendix:2
Defaulter Companies of non-financaial sectors listed at Karachi Stock Exchange upto Dec. 31, 2009
S.No. Company Name
Textile Sector ( 73 ) 1 (Colony) Sarhad Textile Mills Ltd. 2 Accord Textiles Ltd. 3 Adil Textile Mills Ltd. 4 Al-Azhar Textile Mills Ltd. 5 Alif Textile Industries Ltd. (NA) 6 Al-Qadir Textile Mills Ltd. 7 Al-Qaim Textile Mills Ltd. (NA) 8 Amazai Textile Milss Ltd. (NA) 9 Amin Spinning Mills Ltd. 10 Annoor Textile Mills Ltd. 11 Apex Fabris Ltd. (NA) 12 Ashfaq Textile Mills Ltd. 13 Asim Textile Mills Ltd. 14 Awan Textile Mills Ltd. (NA) 15 Ayaz Textile Ltd. (NA) 16 Azmat Textile Mills Ltd. (NA) 17 Bahawalpur Textile Mills Ltd. (NA) 18 Baig Spinning Mills Ltd. 19 Brothers Textile Mills Ltd. 20 Carvan East Fabrics Ltd. (NA) 21 Crescent Spinning Mills Ltd. (NA) 22 Data Textiles Ltd. 23 Elahi Cotton Mills Ltd. 24 Fateh Sports Wear Ltd. 25 Fatima Enterprises Ltd. 26 Glamour Textile Mills Ltd. 27 Globe Textile Mills (OE) Ltd. 28 Globe Textile Mills Ltd. 29 Hafiz Textile Mills Ltd. 30 Hakkim Textile Mills Ltd. (NA) 31 Hala Enterprises Ltd. 32 Hala Spinning Mills Ltd. (NA) 33 Hamid Textile Mills Ltd. 34 Harum Textile Mills Ltd. (NA) 35 Ishtiaq Textile Mills Ltd. 36 Ittefaq Textile Mills Ltd. (NA) 37 Itti Textiles Mills Ltd. (NA) 38 Jubilee Spinning & Weaving Mills Ltd. 39 Juniad Cotton Mills Ltd. (NA) 40 Kaiser Arts & Crafts Ltd. (NA) 41 Karim Cotton Mills Ltd. 42 Khurshid Spinning Mills Ltd. 43 Khyber Textile Mills Ltd. 44 Kohinoor Looms Ltd. (NA) 45 Landmark Spinning Mills Ltd. 46 Libaas Textile Ltd. (NA) 47 Mehr Dastagir Textile Mills Ltd. 48 Modern Textile Mills Ltd. (NA) 49 Mohib Exports Ltd. (NA) 50 Mukhtar Textile Mills Ltd. 51 Nazir Cotton Mills Ltd. 52 Noorie Textile Mills Ltd. (NA) 53 Qayyum Spinning Mills Ltd. (NA) 54 Rashid Textile Mills Ltd. (NA) 55 Redco Textiles Ltd. 1 Bela Automotives Ltd. 2 Bela Engineers Ltd. (NA) 3 Casspak Industries Ltd. (NA) 4 Climax Engineering Co. Ltd. 5 Dewan Automotive Engineering Ltd. 6 Gauhar Engineering Ltd. (NA) 7 Metropolitan Steel Corporation Ltd. 8 Myfip Video Industries Ltd. (NA) 9 Quality Steel Works Ltd. (NA) 10 Saif Nadeem Kawasaki Motors Ltd. (NA) 11 Taga Pakistan Ltd. (NA) 12 Texila Engineering Ltd. (NA) Engineering Sector ( 12 ) 1 Kausar Paints Ltd. (NA) 2 Pakistan PVC Ltd. 3 Data Agro Ltd. 4 Sardar Chemical Industries Ltd. 5 Sind Alkalis Ltd. (NA)\ Chemical Sector ( 5 ) 1 Adil Polypropylene Products Ltd. (NA) 2 Colony Woollen Mills Ltd. (NA) 3 Harnai Woollen Mills Ltd. (NA) 4 Indus Polyester Company Ltd. 5 Karim Silk Mills Ltd. (NA) 6 Kashmir Polytex Ltd. 7 National Fibres Ltd. (NA) 8 Noor Silk Mills Ltd. 9 Pak Fibre Industries Ltd. (NA) 10 Polyron Ltd. (NA) 11 S.G. Fibres Ltd. 12 Tawakal Polyester Ltd. (NA) 13 Valika Woolen Mills Ltd. (NA) Other Textile Sector ( 13 )

S.No.

Company Name

56 Sadoon Textile Mills Ltd. (NA) 57 Sahrish Textile Mills Ltd. (NA) 58 Saitex Spinning Mills Ltd. 59 Sajjad Textile Mills Ltd. 60 Saleem Denim Industries Ltd. 61 Schon Textile Mills Ltd. (NA) 62 Service Fabrics Ltd. 63 Service Textile Mills Ltd. 64 Shahpur Textile Mills Ltd. (NA) 65 Siftaq International Ltd. (NA) 66 Sind Fine Textile Mills Ltd. 67 Sunshine Cotton Mills Ltd. (NA) 68 Taj Textile Mills Ltd. 69 Tariq Cotton Mills Ltd. (NA) 70 Tawakal Garments Ltd. (NA) 71 Usman Textile Mills Ltd. 72 Zahur Cotton Mills Ltd. 73 Zahur Textile Mills Ltd. (NA)

688

S.No.

Company Name
Sugar Sector ( 6 ) 1 Abdullah Shah Ghazi Sugar Mills Ltd.(Al-Asif Sugar Mills Ltd.) 2 Bawany Sugar Mills Ltd. 3 Khairpur Sugar Mills Ltd. 4 Mian Mohammad Sugar Mills Ltd. (NA) 5 Pangrio Sugar Mills Ltd. 6 Saleem Sugar Mills Ltd. Paper and Board Sector ( 2 ) 1 Abson Industries Ltd. (NA) 2 Central Forest Procducts Ltd. Cement Sector ( 2 ) 1 Mustehkam Cement Ltd. 2 Zeal-Pak Cement Factory Ltd. Fuel and Energy Sector ( 2 ) 1 Generteck Pakistan Ltd. 2 Japan Power Generation Ltd. Transport and Communication Sector (2 ) 1 Pan Islamic Steamship Ltd. (NA) 2 Tri-Star Shipping Lines Ltd. (NA)

S.No.

Company Name
Vanaspati and Allied Sector ( 9 ) 1 Extraction (Pakistan) Ltd. (NA) 2 Fazal Vegetable Ghee Mills Ltd. (NA) 3 Morafco Industries Ltd. 4 Muslim Ghee Mills Ltd. (NA) 5 Pak Ghee Industries Ltd. (NA) 6 Punjab Oil Mills Ltd. 7 S. S. Oil Mills Ltd. 8 Suraj Ghee Industries Ltd. (NA) 9 Universal Oil & Vegatable Ghee Mills Ltd. (NA)

Miscellaneous Sector ( 18 )
1 Dadabhoy Construction Ltd. 2 Fateh Industries Ltd. 3 Ghulam Muhammad Dadabhoy Ltd. (NA) 4 Hashimi Can Company Ltd. 5 Haydari Construction Co. Ltd. 6 Indus Fruit Products Ltd. 7 M.L.C. (NA) 8 Medi Glass Ltd. (NA) 9 Mineral Grinding Ltd. (NA) 10 Mubarak Dairies Ltd. 11 Pakistan Dairies Ltd. (NA) 12 Quice Food Industries Ltd. 13 Regal Ceramics Ltd. (NA) 14 Shakarganj Food Ltd. 15 Syed Match Co. Ltd. 16 Tawakkal Ltd. (NA)

Others Sector ( 32 ) Tobacco Sector ( 1 ) 1 Khyber Tobacco Ltd. Jute Sector (4 ) 1 Mehran Jute Mills Ltd. (NA) 2 Suhail Jute Mills Ltd. 3 Crescent Jute Products Ltd. 4 Latif Jute Mills Ltd.

17 Turbo Tec Ltd. (NA) 18 Uqab Breeding Farms Ltd. (NA)

Note:

NA. Annual reports of these defaulting companies

are not available. Thereof their analysis/profiles are not included in the booklet. Default is due to the following reasons: 1) Quoted below 50% of face value for continous period of 3 years. 2) Failed to declare dividend/bonus for 5 years from the datd of last declaration. 3) Failure to hold Annual General Meeting for a continous period of 3 years. 4) Under liquidation. 5) failed to pay Annual listing fee for a period of 2 years.

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