searl pk

Group MembersArshad Mahmood

Irfan AfzalMuhammad Faisal Ashraf

Company introductionSearle Pakistan Limited (SPL) was

incorporated in Pakistan as a Private Limited Company on October 5, 1965

In 1966, Searle Pakistan (Private) Limited acquired a small manufacturing facility

Operation expand during 1984

Vision and MissionOur VisionTo lead in improving the quality of human life

by introducing new research products Our Missionis to build an organization…Which provides its customers with the best

possible products and services in the Health care and Consumer Industry.

That is ever evolving in-step with the changing market place to maintain its leadership role.

Ratio AnalysisCurrent RatioQuick RatioAsset Management

A/R turnoverA/R turnover in days:Inventory turnoverInventory turnover in daysFix Asset turnoverTotal Assets turnover

Ratio AnalysisLong Term Debt Paying Ability

Debt RatioDebt/Equity Ratio

Coverage RatiosTimes Interest Earned

Profitability Gross profit marginOperating Profit MarginNet Profit Margin

Current Ratio

2007 2008 Ind Avg.

Current Ratio

1.69 1.77 3.24

Quick Ratio

2007 2008 Ind Avg.

Quick Ratio

1.24 1.35 1.84

Asset Management

A/R turnover

2007 2008 Ind Avg.

2.28 2.16 34.86

Asset Management

A/R turnover in days

2007 2008 Ind Avg.

160 169 14

Asset Management

Inventory turnover

2007 2008 Ind Avg.

5.65 5.57 2.80

Asset Management

Inventory turnover in days

2007 2008 Ind Avg.

65 66 134

Asset Management

Fix Asset turnover

2007 2008

Ind Avg.

3.15 3.20 7.35

Asset Management

Total Assets turnover

2007 2008 Ind Avg.

0.90 0.90 1.33

Long Term Debt Paying Ability

Debt Ratio

2007 2008 Ind Avg.

56.72%

51.09%

25.75%

Long Term Debt Paying Ability

Debt/Equity Ratio

2007 2008 Ind Avg.

1.31 1.04 0.35

Coverage Ratios

2007 2008 Ind Avg.

Times Interest Earned

2.09 3.00 310.26

Profitability

2007 2008 Ind Avg.

G.P margin

38.84%

41.23%

32.31%

Profitability2008 Ind Avg

Operating Profit Margin

11.53% 11.53%

Profitability

2008 Ind Avg

N.P margin

6.78% 8.25%.

Return on Assets

2007 2008 Ind Avg.

ROA 0.91 0.91 1.29

Return on Equity2008 Ind

Avg.

ROE 0.16 0.14

DuPont Analysis2006 2007 2008

net income/sales 0.03 0.03 0.07sales/assets 1.02 0.91 0.91assets/shareholder's equity 3.71 3.28 2.67ROE 0.12 0.09 0.16

Z-Score Model:

Z = 0.012x1 + 0.014x2 + 0.033x3 + 0.006x4 + 0.999x5

Z = 0.93

Thank You