The total no. of share outstanding from FY 19 to FY -20 is same.

This shows that the company hasn’t

been increasing its no. of shareholders. However, the total amount of equity has shown a slight
decrease and it is because of the decrease in the value of reserves that the company has been
holding from the FY -19to FY 20. the equity portion is decreased as compare to the previous year’s
this is because the unappropriated profit is decreased because in the FY -20 company did not
reinvested its profit to expand the business and give dividends to its shareholders.Total long-term
liabilities of the company have decreased from the FY -19to FY-20. It seems like a nt having a good
strategy on the part of the company because the company has decreased its liabilities due to
adverse political and economic conditions in Pakistan and also due to COVID-19. The Current
liabilities of the company are less in FY-20 Rather Then of FY-19. The total sum of Liabilities and
Equity shows an downtrend because of the decrease in current liabilities from FY -19 to FY-20.Fixed
Assets of the company decrease in FY-20 rather then FY-19 However, the current assets have decreased
from FY-19 to FY -20 . This could be the counter effect of the decrease in the current liabilities. Total Assets
of the company also show an downtrend due to the increase in current assets.

the sales of the company sales have decreased in FY-20 to FY-19.The Sales have been decreased by the
19.25 percent due tyre smuggling as stated by general tyre officals and Huge implemenation of taxation
and also due to the increase in the value of dollar.COVID -19 has a huge impact on sales.The distribution
cost the company has been increased in FY-20 to FY-19. However, the Administrative expense has
shown fluctuations and it is showing a decreasing trend from FY -19 to FY-20. The Finance Cost of the
company has increased drastically from a FY-19 to a FY -20 and this drastic increase tells us that the
company has started to rely heavily on debts and it is giving out huge amount of interests on these
loans.The company has paid a huge taxes in FY-20 to FY-19. The Net income of the company is showing
a declining trend and it has incurred as loss in FY-20 as of FY-19.Sales had remained low during the
past year owing to the rapid spread of Covid19, however, the auto industry is now on a path of
recovery as it plans to launch a large number of new cars in the year with new new entrants
include M/s Kia Lucky Motors Pvt Ltd, M/s United Motors (Pvt) Ltd, M/s Regal Automobile
Industries Ltd, M/s Foton JW Auto Park (PVT) Ltd, M/s Master Motors Ltd and M/s Hyundai Nishat
Motor (Pvt) Ltd.