Kohinoor Mills Limited

Profit and loss Account for the year ended 30 june 2008
2008(Rupees)
Sales 6,071,270,854
Export 3,993,175,739
Local 2,078,095,115
Cost of sales 5,277,750,305 123456789/12345678
Depreciation 244,418,303
Gross Profit 793,520,549
Distribution cost 342,913,108
Administrative expense 198,807,499
Other operaring expenses 101,367,666
643,088,273
150,432,276
Other operating income 77,326,450
Profit from operations 227,758,726
Finance cost 494,863,830
Profit/(loss) before taxation 267,105,104
Privision for taxation 47,697,099
Profit/(loss) after taxation 314,802,203
Earning per share-basic and dilu 6.34
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Kohinoor Mills Ltd. Ratio Analysis for Year 2008

KOHNOOR MILLS LIMITED

Balance sheet as at
2008
Rupees
Assets

Non-Current Assets
Fixed assets 4,062,381,866
Long Term Investment 247,229,500
Long Term Security Deposit 1,820,751
Total 4,311,432,117

Current Assets
Stores, spares and tools 383,642,759
Stock in trade 1,598,730,680
Trade debts - considered goods 775,013,196
Loans and advances 564,476,629
Trade deposit and short term prepayments 2,349,040
Other recieveables 192,858,559
Sales tax recoverable 114,863,679
Short term investments 1,085,586,948
Cash and bank balances 53,513,454
Non Current Assets classified as held for sale 4,771,034,944
Total current assets 4,771,034,944

Total assets 9,082,467,061

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Kohinoor Mills Ltd. Ratio Analysis for Year 2008

KOHNOOR MILLS LIMITED

Equity and Liablilties
Share capital and reserves
Ordinary shares of Rs. 10 each 800,000,000
Preference shares of Rs. 10 each 300,000,000
Authorizedshare capital 1,100,000,000
Issued,subscribed and paid up share caital 509,110,110
Reserves 1,729,746,578
Total equity 2,238,856,688

Non-currentcurrent liabilities
Redeemable capital-secured 902,907,809
Long term financing-secured 251,000,069
Deffered tax 1,153,907,878

Current liabilities

Trade and other payables 877,736,509

Accured mark up 113,895,958
Short term borrowings-secured 4,127,379,652
Current portion of long term liabilities 529,543,297
Provision for taxation 41,147,079
5,689,702,495
Total liabilities 6,843,610,373

Total Equity and liabilities 9,082,467,061

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Kohinoor Mills Ltd. Ratio Analysis for Year 2008

KOHINOOR MILLS LIMITED

Profit and loss Account for the year ended 30 june 2008
2008
Rupees

Sales 6,071,270,854

Cost of sales 5,277,750,305

Depreciation (Included in cost of sales) 244,418,303
Gross Profit 793,520,549

Distribution cost 342,913,108

Administrative expense 198,807,499
Other operaring expenses 101,367,666
643,088,273
150,432,276
Other operating income 77,326,450
Profit from operations 227,758,726

Finance cost 494,863,830

Profit/(loss) before taxation -267,105,104
Privision for taxation 47,697,099
Profit/(loss) after taxation -314,802,203
Earning per share-basic and diluted -6.34

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Kohinoor Mills Ltd. Ratio Analysis for Year 2008

Ratios

Liquidity Ratio
1
Current Ratio = C.A / C.B
C.A 4,771,034,944
C.L 5,689,702,495

C.A / C.L = 4771034944 / 5689702795*100= 0.84

Asset Utilization Ratio

1
Inventory Turnover Ratio = CGS / Inventory
CGS 5,277,750,305
Inventory 1,598,730,680

CGS / Inventory = 5277750305 / 1598730680 = 3.30

2
A/R Receivables Turnover Ratio = A/R / (Credit Sales/365)
A/R 192,858,559
Credit Sales 6,071,270,854

A/R / Inventort = 192858559 / (6071270854/365) = 11.59

3
Fixed Assets Turnover = Sales / Net fixed assets
Sales 6,071,870,854
Fixed Assets 4,311,432,117

Sales / Fixed Assets = 6071870854 / 4311432117 = 1.41

4 Total Assets Turnover = Sales / Total assets

Sales 6,071,870,854
Total Assets 9,082,467,061

Sales / Total Assets = 6071870854 / 9082467061 = 0.67

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Kohinoor Mills Ltd. Ratio Analysis for Year 2008

Debt Ratio
1
Debt Ratio = Debt / Assets
Debt 775,013,196
Assets 9,082,467,061

Debt / Assets = 775013196 / 8082467061*100 8.53

2
Times Interest Earned = EBIT / Interest expense
EBIT 227,758,726
Interest Expense 494,863,830

EBIT / Interest expense = 227758726 / 494863830 0.46

Profitability Ratio
1
Profit Margin = Net income/ Sales *100 net income/sales
Net Income -314,802,203
Sales 6,071,870,854

Net Income / Sales *100 = (-314802203 / 6071870854) *100 -5.18

2 Basic Earning Per Share = EBIT / Total assets

EBIT 227,758,726
Total Assets 9,082,467,061

EBIT / Total Asses = 227758726 / 9082467061*100 2.51

3
Return on Assets = N.I / Total Assets
N.I -314,802,203
Total Assets 9,082,467,061

N.I / Total Assets = (-314802203 / 9082467061*100 -3.47

4
Return on Equity = N.I / Equity
N.I -314,802,203
Equity 2,238,856,688

N.I / Equity (-314802203 / 2238856688)*100 -14.06

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Kohinoor Mills Ltd. Ratio Analysis for Year 2008

Duo Pont Ratio

Duo pont Ratio = ROA x total assets/CE
ROA -0.0346
Total Assets 9082467061
CE 2,238,856,688

ROA x (Total Assets/CE) = (-0.034) * (9082467061 / 2238856688)*100 -14.04

Market Value Ratio

1
Price/Earning Ratio = Market Price Per Share/EPS
Market Price/Share 5
EPS -6.34

Market price/share / EPS = 5/-6.34 0.79

2
Market to Book Ratio = Market Price per share/BVPS
Market price/share 5
BVPS 37.8895751287943
BVPS = Ttoal Eauity/Share outstanding 2238856688/59088989

Market Price/Share / BVPS = 0.13

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Kohinoor Mills Ltd. Ratio Analysis for Year 2008

Benchmarking

Column1 Column2 Column3

Ratios Kohinoor Mills Nishat Textile Mills
Current 0.84 times 0.86 times
I.Turnover 3.3 times 4.76 times
A/R Turn over 11.59 days 24.82 days
F.A Turnover 1.41 times 1.03 times
T.A Turnover 0.67 times 0.75 times
Debt Ratio 9% 38.66%
TIE 0.46 times 2.07 times
Profit Margin -5.18% 2.85
Basic Earning/S 2.51% 5.31%
ROA -3.47% 9.54%
ROE -14.06% 4.02%
Duopont -14.04% 6.55%
Price/Earning 0.79 9.65
Market to Book 0.13 8.25

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liquidity ratio

Current ratio current assets/current liabilities