Saphhaire Textile Mills Ltd.

Balance Sheet As On 30th june 2014

ASSETS
NON-CURRENT ASSETS

Property, plant and equipment

Investment property
Intangible assets
Long term investments
Long term loans and advances
Long term deposits and prepayments

CURRENT ASSETS
Stores, spares and loose tools
Stock in trade
Trade debts
Loans and advances
Trade deposits and short term prepayments
Other receivables
Other financial assets
Tax refunds due from Government
Cash and bank balances

TOTAL ASSETS
EQUITY AND LIABILITIES
SHARE CAPITAL AND RESERVES
Authorized share capital
35,000,000 ordinary shares of Rs.10 each
Issued, subscribed and paid up capital
Reserves

NON-CURRENT LIABILITIES
Long term financing
Deferred liabilities

CURRENT LIABILITIES
Trade and other payables
Accrued Interest / mark-up
Short term borrowings
Current portion of long term financing
Provision for taxation

CONTINGENCIES AND COMMITMENTS

TOTAL EQUITY AND LIABILITIES

Liquidity Analysis
1. current Ratio = current Assets / current Liabilities
2.Quick ratio = C.A-Inventory-Prepayments / C.L
Workig Capital Ratio
4. Abs. Liquid Ratio=cash+Bank+Mkt. Securities/ C.L

Solvency Ratio Analysis :

Total Assets
Total Debts
Total Equity
Intangible
EBIT

Ability to Pay Original Debt

Debt Ratio = Total debt / Total Assets
Equity Ratio = Total Equity / Total Assets
Debt Ratio + Equity Ratio
L.T Debt to Equity Ratio = L.T Debt / Equity
L.T Debt to Tangible Worth = L.T Debt / Equity-Intangible

Periodic Payment Paying Ability

Debt service ratio = EBIT / Interest
Fixed Payment Coverage Ratio= EBIT / Interest+current Portion of L.T Debt

Activity/Management Analysis :
1.To
2.To
3.To
4.To

Generate sales
Manage Inventory
Collect Receivables on Time
Pay Payables in time

To Generate Sales
Total Assets Turnover = Sales/Total Assets
Fixed Assets Turnover = sales / Fixed assets
Current assets Turnover= Sales / Current assets
Working capital Turnover = Sales / Working Capital
Receivables Turnover = credit sales / Average Receivables
Inventory Turnover = Cost of Goods Sold / Average Inventory

To Manage Inventory
Inventory Turnover = 365*Inventory/C.G.S
Operating Cycle = Age of Inventory + Collection Period
Age of inventory = 365*Inventory/C.G.S
Inventory Turnover = 365 / (C.G.S/Inventory)
Payment Period = 365*Account Payable / Credit Purchase

collection period = 365*Account Receivables / Crerdit Sales

Profitability analysis
General profitabilty analysis:
gross profit ratio=Gross profit/net sales*100
operating profit ratio=operating profit/net sales*100
Netprofir Ratio=Net profit/net sales*100
EPS=Net profit/No. of Shares
Operating Ratio=Operating cost/net sales*100

Return Analysis
Return on Assets =Net profit/Total Assets*100
Return on Equity=Net Profit/Equity*100
Return on investment=Net peofit/Total Assets-All in vestments*100

Market Analysis: (internally)

Diviend Yield Ratio=Dividend per share/Market price per share*100
Diviend payout Ratio=Dividend per share/Earning price per share*100
Retention Ratio=100-payout ratio

Externally strengths
price Earning ratio = market price per share/earning per share
Market to book Ratio=Market price per share/Book value Per share

Cash flow Analysis

Operating
Operating
Operating
Operating

cash to currently maturity long term debts=operating cash/CMLTD+N.P

cash per share=Operating cash/No of Shares
Cash to Total Debts=Operating Cash/Total Debts
Cash to Cash Dividend=operating cash/cash Dividend

2014

2013

8,080,933,699

5,773,038,211

163,273,406
3,189,494
5,346,291,863
70,905,506
61,936,668

164,424,860
5,572,830
3,593,058,918
43,443,630
58,874,594

13,726,530,636

9,638,413,043

270,214,278
3,776,222,400
1,224,423,835
191,781,695
13,555,061
54,051,052
1,915,019,331
781,038,372
97,713,627
8,324,019,651
8,324,019,651

97,713,627
4,908,046,675
1,710,499,789
175,007,817
6,646,973
79,063,838
1,457,039,126
535,065,386
103,436,686
9,072,519,917
9,203,715,129

22,050,550,287

18,842,128,172

350,000,000

350,000,000

200,831,400
13,139,783,777
13,340,615,177

200,831,400
11,197,451,072
11,398,282,472

2,352,644,005
412,834,886

Average receivables
1,001,498,908 Avg Inventory
253,860,802

2,765,478,891

1,255,359,710

2,036,146,471
100,982,389
3,201,433,835
394,749,068
211,144,456
5,944,456,219

1,496,888,582
68,192,565
4,057,673,933
369,206,566
196,524,344
6,188,485,990

22,050,550,287

18,842,128,172

1.40:1
#DIV/0!
2379563432
#DIV/0!

1.49:1
0.6772751624
3015229139
0.2521579292

22,050,550,287
8,709,935,110
13,340,615,177
3,189,494
1,985,976,417

18,842,128,172
7,443,845,700
11,398,282,472
5,572,830
3,030,120,795

0.3949985373
0.6050014627
1
0.2072977036
0.1763941604

0.3950639563
0.6049360437
1
0.1101358659
0.0879069984

-3
-6.1864701338

-4.5623929751
-10.2735085988

1.1524112288
1.8512545105
3.0527681119
10.6789764086
12.2188886615
3.6312006175

1.3418416038
2.6231653876
2.7470593268
2.7470593268
11.5326157565
Err:501

54.2404788782
100.0930408177
82.5057993564
82.5057993564
47.5293870392
17.5872414613

70.85497381
136.3513082587
111.657692697
111.657692697
31.4961007424
24.6936155618

10.9716125962
7.8153273544
3.8699508729
48.97
93.721914979

16.6310855723
11.9847432654
8.4501629007
106
89.5753520385

4.459774841
7.3715108408
5.93434429

11.3387801394
18.7437668109
14.1051205157

0.8779661017

7.891684066
0.1551169254
0.5240571745
311523493

Err:501
0.028892885
0.093764429
58025985.5

Saphhaire Textile Mills Ltd.

Profit or Loss Account
For The Year Ended

2014

Sales - net

25,411,301,753

Cost of sales

-22,623,272,169

Gross profit
Selling and distribution expenses
Administrative and general expenses
Other operating expenses

2,788,029,584
-942,732,494
-239,517,075
-130,436,886

Other income
Operating profit

510,633,288
1,985,976,417

Finance cost or Interest

Profit before taxation
Taxation
Profit after taxation

-715,768,385
1,270,208,032
-286,803,138
983,404,894

Earnings per share - basic and diluted

2079673729.5
6230245737.5

48.97

Err:501
Err:501

16,705,749,011

16,044,009,088

20083140000

20083140000

2013
25,283,151,486
-21,078,288,927
4,204,862,559
-1,075,341,922
-207,978,602
-285,862,499
-1,075,341,922
3,030,120,795
-664,151,644
2,365,969,151
-229,501,664
2,136,467,487

106