Z Packages

Financial Analysis

2009 2008
Current ratio

Current asset 2.02 1.95

Current liability

Liquid Ratio

Liquid Asset 0.98 0.91

Current liabilities

Debtors turnover ratio

debtors 48.66 50.38

*365
sales

Creditors turnover ratio

Creditors 13.5 4.6

*365
Purchase

Fixed Asset Ratio

Fixed Asset 0.03 0.04

Sale

Debt Equity Ratio

Long term debt 0.7 0.8

Paid up capital+Reserve

Gross Profit Ratio

Gross Profit 10.4 9.6

Sale

Net Profit Ratio

Net Profit 4.5 4.1

Sale

Return on Capital Employed

Net Profit 19.9 19.6

Gross Capital Employed

Interest Covered Ratio

(Profit before tax+Interest) 2.6 2.7

Interest

Stock turnover Ratio

Closing Stock 71.8 0.2

Sales
Z Packages
Balance Sheets
As at December 31, 2009
2009
Notes
PKR
ASSETS

Non-current assets
Property and equipment 4 2,296,350

Current assets
Stocks 14,876,435
Trade debtors 10,086,697
Advances & deposits 2,686,180
Cash and bank balances 1,293,474
28,942,786

31,239,136
CAPITAL AND LIABILITIES

Owner's Capital
Owners capital account 14,968,339
Less drawings & taxes 1,436,652
13,531,687
Accumulated profit 3,367,434
16,899,121

Current liabilities
Bank borrowings 11,765,000
Trade creditors 2,502,670
Other liabilities 72,345
14,340,015

31,239,136

The annexed notes form an integral part of these financial statements.

_____________ _______
Proprietor Director
Z Packages
Profit and Loss account
For the year ended December 31, 2009
2009
Notes
PKR

Revenue 75,660,186

Cost of Sales 1 67,823,216

Gross Profit 7,836,970

Administration and selling expenses 2 2,347,595

Financial Charges 2,121,941
4,469,536
Profit for the year 3,367,434

The annexed notes form an integral part of these financial statements.

_____________
Proprietor
Z Packages
Cash Flow Statement
For the year ended December 31, 2009
2009
PKR

Cash Flows From Operating Activities

Profit for the year 3,367,434
Adjustment for depreciation 255,150
3,622,584
Working capital adjustments
Less increase in stocks (1,288,909)
Less increase/decrease in Debtors (161,821)
Less increasein Deposits (987,654)
Add increase in creditors 1,676,081
Add increase in accruals 6,471
(755,832)
Net cash flows from operating activities 2,866,752

Cash Flows From Investing Activities

Net cash flows from Investing activities -

Cash Flows From Financing Activities

Bank borrowings (427,827)
Drawings (1,436,652)
Net cash flows from financing activities (1,864,479)

Net cash flows for the period 1,002,273

Opening Cash and Cash Equivalents 291,201
Closing Cash and Cash Equivalents 1,293,474

_____________
Proprietor
Z Packages
Notes to the Accounts
For the year ended December 31, 2009
2009
Rupees
1 Cost of goods sold

Opening stock 13,587,526

Purchases during the year 69,112,125 ###
82,699,651 ###
Closing stock 14,876,435
67,823,216

2 Administrative and selling expenses

Salaries & wages 549,324 ###
Utility charges 410,324 ###
Entertainment 160,876 ###
Legal and consultancy charges 7,500 ###
Printing and stationery 43,654 ###
Traveling and conveyance 220,345 ###
Vehicle running & maintenance 174,354 ###
Postage 6,579 ###
Freight 375,987 ###
Misc expenses 143,502 ###
Depreciation 255,150
2,347,595

3 General

Figures have been rounded off to the nearest rupee and rearranged where necessary for comparison purposes.

_____________
Proprietor
7 PROPERTY, PLANT & EQUIPMENT

C O S T DEPRECIATION BOOK VALUE

As at Additions/ As at 31 As at For As at 31 As at 31 Rate
PARTICULARS
01 Jan (Deletions) December 01 Jan the period Adjustment December December %
2005 2005 2005 2005 2005
Rupees Rupees Rupees Rupees Rupees Rupees Rupees

Lease hold improvement 11,442,613 (11,442,613) - 3,297,497 1,927,100 (5,224,597) - - 25%

Office equipment 26,058,079 (26,058,079) - 7,255,317 1,324,849 (8,580,166) - - 10% - 33%

Furniture and fixture 3,376,858 (3,376,858) - 1,945,834 179,447 (2,125,281) - - 20%

Vehicle 55,000 (55,000) - 13,750 124,375 (138,125) - - 20%

Computers 21,340,155 (21,340,155) - 13,131,116 5,808,437 (18,939,553) - - 25-100%

December 2005 62,272,705 (62,272,705) - 25,643,514 9,364,208 - -

December 2004 29,899,812 32,372,893 62,272,705 11,274,069 14,369,445 25,643,514 36,629,191
Z Packages
Notes to the Accounts
For the year December 31, 2009
4 Operating Fixed Assets

Cost Depreciation Book value

As at As at As at As at as at
Jan 01 Additions/ Dec 31 Jan 01 For the Dec 31 Dec 31
2009 (deletions) 2009 2009 year 2009 2009 Rate
Rupees Rupees Rupees Rupees Rupees Rupees Rupees %

Machinery 2,754,326 - 2,754,326 523,322 223,100 746,422 2,007,904 10

Office equipment 132,569 - 132,569 25,188 10,738 35,926 96,643 10
Furniture and fixtures 263,105 - 263,105 49,990 21,312 71,302 191,804 10

2009 3,150,000 - 3,150,000 598,500 255,150 853,650 2,296,350