al asif sugar mills

8/7/2019 AL ASIF SUGAR MILLS

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Al-Asif Sugar Mills Ltd.

A.Capital Structure:

1.Ordinary Share Capital

2.Surplus

3.Shareholder's Equity (A1+A2)

4.Prefrence Shares5.Debentures

6.Other Fixed Laibilities

7.Total Fixed Laibilities (A4+A5+A6)

8.Total Capital Employed (A3+A7)

B.Liquidity:

1.Liquid Assets:

(i)Cash

(ii)Investments

2.Other Current Assets

3.Inventories4.Current Assets (B1+B2+B3)

5.Current Liabilities

6.Total Liabilities(A7+B5)

7.Net Current Assets(B4-B5)

8.Contractual Liabilities

9.Net liquid assets (B1-B5)

C.Fixed Assets:

1.Fixed Asset At Cost

2.Fixed assets after deducting accumulated depreciation

3.Depreciation for the year

4.Total assets (B4+C2)

D.Operation:

1.Gross sales

(i)Local sales

(ii)Export sales

2.Cost of Sales

3.Gross profit

4.Overhead and Other Expenses

5.Operating profit

6.Financial expenses

7.Net profit before tax (D5-D6)8.Tax provision

9.Total amount of dividend

10.Total value of bonus shares issued

E.Sources of Increase In Capital Employed:

1.Increase/decrease in capital employed (A8 - A8 of preceding year)

2.Retention in business (D7-D8-D9)

3.Finance from outside the company (E1-E2)



F.Cash Flow Data

1.Depreciation for the year plus retention in business: cash flow (C3+E2)

2.Depreciation for the year plus changes in capital employed (C3+E1)

G.Operating Financial & Investment Ratios:

1.Gearing ratio (A7 as % of A8)

2.Current ratio (B4 as % of B5)

3.Acid test or Quick ratio (B4-B3 as % B5)4.Debt equity ratio (B6 as % of A3)

5.Return on assets (D7 as % of C4)

6.Self financing ratio (E2 as % of E1)

7.Cash flow ratio F1 as % of F2

8.Shareholders equity as % of ordinary share capital (A3 as % of A1)

9.Overhead and other expenses as % of gross sales (D4 as % D1)

10.Financial expenses as % of operating profit (D6 as % of D5)

11.Financial expense as % of gross sales (D6 as % of D1)

12.Financial expenses as % of contractual liabilities (D6 as % B8)

13.Tax provision as % of net pre-tax profit (D8 as % of D7)14.Sundry debtors as % of gross sales

15.Return on Equity (D7 as % of A3)

H.Key Performance Indicators:

1.Dividend cover ratio [(D7 - D8) as % of D9]

2.Dividend ratio to equity (D9 as % of A3)

3.Net profit margin (D7 as % of D1)

4.Earning per share before tax (D7/No. of ordinary shares)

5.Earning per share after tax [(D7-D8)/No. of ordinary shares]

6.Average annual % depreciation on written down fixed assets

7.Sales as % of total assets (D1 as % of C4)

8.Earning per share before tax growth (current year EPS - last year EPS/ last year EPS)

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 2005 2006 2007 2008

146.7 146.7 146.7 146.7 146.7

-813.5 -816.3 -842.4 -866.5 -725.7

-666.8 -669.6 -695.7 -719.8 -579

0 0 0 0 018.7 0 0 0 0

741.3 109.7 0 0 0

760 109.7 0 0 0

93.2 -559.9 -695.7 -719.8 -579

1.5 0.1 3 0.8 11.2

1.5 0.1 3 0.8 11.2

0 0 0 0 0

69.7 154.3 113.5 73.9 79.9

1.7 0 0 0 072.9 154.4 116.5 74.7 91.1

345.7 1110.5 1205.4 1179 1065.4

1105.7 1220.2 1205.4 1179 1065.4

-272.8 -956.1 -1088.9 -1104.3 -974.3

851.9 179.9 0 3 0

-344.2 -1110.4 -1202.4 -1178.2 -1054.2

705 756.1 774 785.2 815.7

365.9 396.1 393.2 384.4 395.3

22.8 21.4 20.9 19.9 20.5

438.8 550.5 509.7 459.1 486.4

323.9 75.4 106.8 123.6 198.9

323.9 75.4 106.8 123.6 198.9

0 0 0 0 0

360.7 105.2 132.7 141.8 156.7

-36.8 -29.8 -25.9 -18.2 42.2

384.7 134.9 142.4 149.6 175.6

55 -10.1 -33.1 -26 152.5

0.3 0.1 0.1 0.1 13.9

54.7 -10.2 -33.2 -26.1 138.61.4 0.3 0.5 0.5 0

0 0 0 0 0

0 0 0 0 0

698.3 -653.1 -135.8 -24.1 140.8

53.3 -10.5 -33.7 -26.6 138.6

645 -642.6 -102.1 2.5 2.2



76.1 10.9 -12.8 -6.7 159.1

721.1 -631.7 -114.9 -4.2 161.3

815.5 0 0 0

21.1 13.9 9.7 6.3 8.6

20.6 13.9 9.7 6.3 8.60 0 0

12.5 -1.9 -6.5 -5.7 28.5

7.6 24.8 110.4 98.4

10.6 11.1 159.5 98.6

-454.5 -456.4 -474.2 -490.7 -394.7

118.8 178.9 133.3 121 88.3

0.5 -0.3 -0.4 9.1

0.1 0.1 0.1 0.1 7

0 0.1 0 3.3 0

2.6 -1.5 -1.9 00 0 0 0 0

0 0 0

0 0 0

0 0 0

16.9 -13.5 -31.1 -21.1 69.7

3.7 -0.7 -2.3 -1.8 9.4

3.6 -0.7 -2.3 -1.8 9.4

6 5.8 5.3 5.1 5.3

73.8 13.7 21 26.9 40.9

-237 -118.9 228.6 -21.7 -622.2

-30.7 -76.7 41.6 15.7 60.9

-45.5 -45.6 -47.4 -49.1 -39.5



AL-ASIF SUGAR MILLS LTD

BALANCE SHEET

FOR THE YEAR ENDED DECEMBER 31, 2004 TO 2008

SHARE CAPITAL AND RESERVES

Ordinary Share Capital

Surplus and reserves

Total Shareholder's Equity

NON CURRENT LIABILITIES

Prefrence Shares

Debentures

Other Fixed Laibilities

TOTAL NON CURRENT LIABILITIES

CURRENT LIABILITIES

Current LiabilitiesTotal Liabilities

TOTAL EQUITY AND LIABILITIES

CURRENT ASSETS

Cash

Investments

Other Current Assets

Inventories

TOTAL CURRENT ASSETS

Fixed Assets:

Fixed Asset At CostFixed assets after deducting accumulated depreciation

Depreciation for the year

TOTAL ASSETS

PROFIT AND LOSS ACCOUNT


Gross sales

(i)Local sales

(ii)Export sales

Cost of Sales

Gross profit

Overhead and Other Expenses

Operating profit

Financial expenses

Net profit before tax

Tax provisionNet profit after tax

T t l t f di id d



Total value of bonus shares issued

Retain Earnings



amount in million rupees

2004 2005 2006 2007 2008

100 100 100 100 100

100 100.34 103.2 102.86 83.75

100 100.42 103.9 103.46 80.44

0 0 0 0 0

100 0 0 0 0

100 14.8 0 0 0

100 14.43 0 0 0

100 321.23 108.55 97.81 90.36

100 110.36 98.79 97.81 90.36

100 125.45 92.57 90.09 105.92

100 6.67

0 0 0 0 0

100 221.38

100 0 0 0 0

100 350.48 113.89 101.41 88.23

100 107.25 102.37 101.45 103.88100 108.25 99.27 97.76 102.84

100 93.86 97.66 95.22 103.02

100 125.46 92.59 90.07 105.95


2004 2005 2006 2007 2008

100 23.28 141.64 115.73 160.92

100 23.28

0 0 0 0 0

100 29.17

100 80.98

100 35.07

100 -18.36

100 33.33

100 -18.65

100 21.43100 -19.7

0



0

100 -19.7




BALANCE SHEET


2004

SHARE CAPITAL AND RESERVES

Ordinary Share Capital as %of Total Asset 33.43Surplus and reserves as %of Total Asset -185.39

Total Shareholder's Equity as %of Total Asset -151.96

NON CURRENT LIABILITIES

Prefrence Shares as %of Total Asset 0

Debentures as %of Total Asset 4.26

Other Fixed Laibilities as %of Total Asset 168.94

TOTAL NON CURRENT LIABILITIES as %of Total Asset 173.2

CURRENT LIABILITIES

Current Liabilities as %of Total Asset 78.78

Total Liabilities as %of Total Asset 251.98TOTAL EQUITY AND LIABILITIES 100.02

CURRENT ASSETS

Cash as %of Total Asset 0.34

Investments as %of Total Asset 0

Other Current Assets as %of Total Asset 15.88

Inventories as %of Total Asset 0.39

TOTAL CURRENT ASSETS as %of Total Asset -62.17

Fixed Assets:

Fixed Asset At Cost as %of Total Asset 160.67

Fixed assets after deducting accumulated depreciation as %of Total Asset 83.39

Depreciation for the year as %of Total Asset 5.2

TOTAL ASSETS as %of Total Assets 100


INCOME STATEMENT


2004

(Amounts in Millon Rupees)

Gross sales as %of Total Sale 100

(i)Local sales as %of Total Sale 100

(ii)Export sales as %of Total Sale 0

Cost of Sales as %of Total Sale 111.36

Gross profit as %of Total Sale -11.36

Overhead and Other Expenses as %of Total Sale 118.77

Operating profit as %of Total Sale 16.98

Financial expenses as %of Total Sale 0.09



Net profit before tax as %of Total Sale 16.89

Tax provision as %of Total Sale 0.43

Net profit after tax as %of Total Sale 16.46

Total amount of dividend as %of Total Sale 0

Total value of bonus shares issued as %of Total Sale 0

Retain Earnings as %of Total Sale 16.46




2005 2006 2007 2008

26.65 28.78 31.95 30.16-148.28 -165.27 -188.74 -149.2

-121.63 -136.49 -156.79 -119.04

0 0 0 0

0 0 0 0

19.93 0 0 0

19.93 0 0 0

201.73 236.49 256.81 219.04

221.65 236.49 256.81 219.04100.02 100 100.02 100

0.02 0.59 0.17 2.3

0 0 0 0

28.03 22.27 16.1 16.43

0 0 0 0

-173.68 -213.64 -240.54 -200.31

137.35 151.85 171.03 167.7

71.95 77.14 83.73 81.27

3.89 4.1 4.33 4.21

100 100 100 100

2005 2006 2007 2008

100 100 100 100

100 100 100 100

0 0 0 0

139.52 124.25 114.72 78.78

-39.52 -24.25 -14.72 21.22

178.91 133.33 121.04 88.29

-13.4 -30.99 -21.04 76.67

0.13 0.09 0.08 6.99



-13.53 -31.09 -21.12 69.68

0.4 0.47 0.4 0

-13.93 -31.55 -21.52 69.68

0 0 0 0

0 0 0 0

-13.93 -31.55 -21.52 69.68




RATIO ANALYSIS


LIQUIDITY RATIOS

Gearing Ratio

current ratio

quick ratio

LEVERAGE RATIOS

debt-to- Total-Assets ratio

debt-to- Total-Equity ratio

times-interest-earned ratio

ACTIVITY RATIOS

inventory turnover

Inventory holding period in days

fixed assets turnover

total assets turnover

PROFITABILITY RATIOS

gross profit margin

operating profit margin

Return on Equity

net profit margin

return on total assets

GROWTH RATIOS

Dividend cover ratioDividend ratio to equity

Earning per share before tax

Earning per share after tax

Average annual % depreciation on written down fixed assets

Sales as % of total assets

Earning per share before tax growth (current year EPS - last year EPS/ last year EPS)

Sales growth (current year's 'sales - last year's sales / last year's sales)

40

60

80

100

Profitability ratios

gross profit mar

operating profitmargin

Return on E uit



2004 2005 2006 2007

-60

-40

-20

0

net profit margi

return on total

2004 2005

-700

-600

-500

-400

-300

-200

-100

0

100

200

300



2004 2005 2006 2007 2008

8.2 0 0 0 0

21.1 13.9 9.7 6.3 8.6

20.6 13.9 9.7 6.3 8.6

251.98 221.65 236.49 256.81 219.04

0 0 0 0 0

183.33 -101 -331 -260 10.97

212.18 0 0 0 0

1.72 0 0 0 0

0.46 0.1 0.14 0.16 0.24

0.74 0.14 0.21 0.27 0.41

-11.36 -39.52 -24.25 -14.72 21.22

16.98 -13.4 -30.99 -21.04 76.67

-0.08 0.02 0.05 0.04 -0.24

16.9 -13.5 -31.1 -21.1 69.7

0.12 -0.02 -0.07 -0.06 0.28

0 0 0 0 00 0 0 0 0

3.7 -0.7 -2.3 -1.8 9.4

3.6 -0.7 -2.3 -1.8 9.4

6 5.8 5.3 5.1 5.3

73.8 13.7 21 26.9 40.9

-237 -118.9 228.6 -21.7 -622.2

-30.7 -76.7 41.6 15.7 60.9

2004 2

0

5

10

15

20

25

2004

-400

-300

-200

-100

0

100

200

300

250

gin



2004 2

0

50

100

150

200

2008

n

ssets

2006 2007

Growth ratios

Dividend cover ratio

Dividend ratio to equity

Earning per share before tax

Earning per share after tax

Average annual % depreciation on writtendown fixed assets

Sales as % of total assets

Earning per share before tax growth(current year EPS - last year EPS/ last year

EPS)Sales growth (current year's 'sales - lastyear's sales / last year's sales)



005 2006 2007 2008

Liquidity ratios

Gearing Ratio

current ratio

quick ratio

005 2006 2007 2008

Leverage ratios

debt-to- Total-Assetsratio

debt-to- Total-Equityratio

times-interest-earnedratio

Activity ratios



05 2006 2007 2008

inventory turnover

Inventory holdingperiod in days

fixed assets turnover

total assets turnover

2008

al asif sugar mills

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