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5 Year Financial Highlight of Rahi

2007-08

2008-09

2009-10

134.451464
128.959608
5.491856
36.699959
0
92.259649
-5.491856
97.751505
200.002
48.87526375

133.67238
127.335948
6.336432
34.602997
0
92.732951
-6.336432
99.069383
200.002
49.53419616

287.717314
275.998593
11.718721
92.31968
89.290828
183.678913
77.572107
106.106806
200.002
53.05287247

Income Statement Variable:


CNI (Comprehensive Net Income)
EBT (Earning Before Tax)
Applied Tax Rate
Net Financial Expense (NFE)
Operating Income (OI)

6.022248
9.635597
38%
0
6.022248

6.069128
9.710605
38%
0
6.069128

16.440353
22.676349
28%
0.899032624
17.33938562

Cash Flow Variable:


Net Cash Flow From Operating Activities ( C )
Net Cash Flow From Investing Activities (I)
Free Cash Flow (FCF= C-I)

-0.377672
0
-0.377672

28.556715
-8.061463
20.495252

8.961432
-1.425479
7.535953

Balance Sheet Variable


Total Asset (TA)
Operating Asset (OA)
Financial Asset (FA)
Operating Liability (OL)
Financial Obligation (FO)
Net Operating Asset (NOA=OA-OL)
Net Financial Obligation (NFO=FO-FA)
Common Stock Equity (CSE=NOA-NFO)
Paid up Capital
Net Asset Value (NAV=CSE/K*FV)

Dividend payment (%)


Cash (C )
Stock (S)

Supportive Calculation of Rahima

Operating Asset (OA)


Fixed Asset
share Issue Expenses
Pre-production Expenses
Inventories
Goods in transit
Trade debtors
Total

Financial Asset (FA)

2007-08

2008-09

2009-10

120.035091
2.090073
0.08253
2.72273

119.497064
1.672059

112.313434
1.254045

2.137641

4.029184

4.029184

5.773505
107.262
49.395609

128.959608

127.335948

275.998593

Cash & bank balances


Deposits & prepayments

0.971739
4.520117

1.814499
4.521933

6.067224
5.651497

Total

5.491856

6.336432

11.718721

6.31273
3.29862
0.1065
0.718057
0.553209
3.613349
4.8575
1.676309
15.563685

15.818075
1.03062
0.1065
1.452156
2.002177
7.254826
4.75125
2.187393

61.708813
0.1065
2.382333
1.349911
13.490822
9.40293
3.380885

Operating Liability (OL)


Advance from customers
Trade creditors
Unclaimed refund warrant
Unclaimed dividend
Accured expenses
Provision for income tax
Provision for dividend
Workers profit participation / welfare fund
Loan from directors
Tax deducted at source
Deferred tax liability
Total

0.497486

36.699959

34.602997

Financial Obligation (FO)


Working capital loan-short term
Imort loan-short term
Total

92.31968

89.290828

89.290828

92.259649
128.959608
36.699959

92.732951
127.335948
34.602997

183.678913
275.998593
92.31968

Net Financial Obligation (NFO=FO-FA)


FO
FA

-5.491856
0
5.491856

-6.336432
0
6.336432

77.572107
89.290828
11.718721

Common Stock Equity (CSE=NOA-NFO)


NOA
NFO

97.751505
92.259649
-5.491856

99.069383
92.732951
-6.336432

106.106806
183.678913
77.572107

CNI (Comprehensive Net Income)

6.022248

6.069128

16.440353

EBT (Earning Before Tax)

9.635597

9.710605

22.676349

37.50%
0.624999987
0.375000013

37.50%
0.624999987
0.375000013

27.50%
0.724999999
0.275000001

0.899032624

Net Operating Asset (NOA=OA-OL)


OA
OL

Applied Tax Rate


CNI/EBT
1-(CNI/EBT)

Net Financial Expense (NFE)

0
0

0
0

1.240045
0.341012376

6.022248
6.022248
0

6.069128
6.069128
0

17.33938562
16.440353
0.899032624

Net Asset Value (NAV=CSE/K*FV)


CSE
Paid up Capital
Face Value per share
Number of shares outstanding

48.87526375
97.751505
200.002
100
2.00002

49.53419616
99.069383
200.002
100
2.00002

53.05287247
106.106806
200.002
100
2.00002

Return on Net Operating Asset (RNOA=OI/NOA)


OI
NOA

0.065274994
6.022248
92.259649

0.065447373
6.069128
92.732951

0.094400524
17.33938562
183.678913

0
0
-5.491856

0
0
-6.336432

0.011589638
0.899032624
77.572107

Financial Liability Leverage (FLEV=NFO/CSE)


NFO
CSE

-0.056181805
-5.491856
97.751505

-0.063959538
-6.336432
99.069383

0.731075696
77.572107
106.106806

Operating Liability Leverage (OLLEV=OL/NOA)


OL
NOA

0.397789927
36.699959
92.259649

0.373146725
34.602997
92.732951

0.502614473
92.31968
183.678913

SPREAD (RNOA-NBC)
RNOA
NBC

0.065274994
0.065274994
0

0.065447373
0.065447373
0

0.082810886
0.094400524
0.011589638

Return on Common Stock Equity (ROCE=FL*SP+RNOA)


FLEV
SPREAD
RNOA

0.061607727
-0.056181805
0.065274994
0.065274994

0.061261389
-0.063959538
0.065447373
0.065447373

0.15494155
0.731075696
0.082810886
0.094400524

43.21431

38.972115

376.752537

Asset Turnover ATO= (SALES/NOA)


SALES
NOA

0.468398812
43.21431
92.259649

0.420261779
38.972115
92.732951

2.051147466
376.752537
183.678913

Profit Margin ( PM=OI/SALES)

0.139357727

0.155730014

0.046023275

Financial Expense
Less: Applied tax rate on (FE)

Operating Income (OI)


CNI
NFE

Net Borrowing Cost (NBC=NFE/NFO)


NFE
NFO

Sales / Revenue

OI
SALES

Breakdown Down of CSE :


Share Capital
General reserve
Un-appropriated Profit / (loss)

6.022248
43.21431

6.069128
38.972115

17.33938562
376.752537

97.751505
200.002
28.0325
-130.282995

99.069383
200.002
28.0325
-128.965117

106.106806
200.002
28.0325
-121.927694

Year Financial Highlight of Rahima food corporation Limited (Figure in million Taka)
2010-2011

2012 (March,31)

336.842528
249.505142
87.337386
160.919754
85.949502
88.585388
-1.387884
89.973272
200.002
44.98618614

1023.299474
1013.850126
9.449348
45.899389
878.229504
967.950737
868.780156
99.170581
200.002
49.58479465

10.839354
14.117047
23%
6.513611569
17.35296557

9.197309
10.669612
14%
5.478764676
14.67607368

8.194097
-4.56067
3.633427

5.958354
5.958354

pportive Calculation of Rahima food corporation Limited (Figure in million Taka)

2010-2011

2012 (March,31)

108.484174
0.836031

102.763193
0.522521

131.02497
5.130783
4.029184

103.84276
174.789893
631.931759

249.505142

1013.850126

2.946603
84.390783

3.075607
6.373741

87.337386

9.449348

110.0553
0.1065
4.34762
1.098188
13.759661
9.40293
4.123887

0.1065
6.821049
1.087787
16.693804
4.685446

1.119815
16.905853

1.06079
15.444013

160.919754

45.899389

85.949502

106.374395
771.855109

85.949502

878.229504

88.585388
249.505142
160.919754

967.950737
1013.850126
45.899389

-1.387884
85.949502
87.337386

868.780156
878.229504
9.449348

89.973272
88.585388
-1.387884

99.170581
967.950737
868.780156

10.839354

9.197309

14.117047

10.669612

23.22%
0.767820211
0.232179789

13.80%
0.862009696
0.137990304

6.513611569

5.478764676

8.483251
1.969639431

6.355804
0.877039324

17.35296557
10.839354
6.513611569

14.67607368
9.197309
5.478764676

44.98618614
89.973272
200.002
100
2.00002

49.58479465
99.170581
200.002
100
2.00002

0.195889706
17.35296557
88.585388

0.015162005
14.67607368
967.950737

-4.693195951
6.513611569
-1.387884

0.006306273
5.478764676
868.780156

-0.015425514
-1.387884
89.973272

8.7604625
868.780156
99.170581

1.816549632
160.919754
88.585388

0.047419137
45.899389
967.950737

4.889085656
0.195889706
-4.693195951

0.008855732
0.015162005
0.006306273

0.120473044
-0.015425514
4.889085656
0.195889706

0.092742312
8.7604625
0.008855732
0.015162005

1353.27903

876.708721

15.27654911
1353.27903
88.585388

0.905736922
876.708721
967.950737

0.012822903

0.016739965

17.35296557
1353.27903

14.67607368
876.708721

89.973272
200.002
10.522152
-120.55088

99.170581
200.002
10.522152
-111.353571