Arne:— & robo orl ov value analysis gE @ Z base { Curt 7 are Zep Af desivion -- ‘e ; ~ 71S analyst : — Rs Pane p20 st oot frolilé & frelore if uly - a ' : Ley Sctisucs V company pro gseusr! _ Ho Me Met profil Margin =. te ge Os 2 Gross... pl og tea ss Opercding prokit Magio. =. liga [Meer on Ly wa oh Evy es "a Retyon on. he Nek profit 1100: Tolal Ascets 3 ebb !; leennent ; Sales XK tess? teskcf Goed sod. yg Gexes_poolit Tal cesT EAL corning before ——— xen tukeverl a fot Nek profit before fox. xxx ERT eicoieg afore (ar volue |Rabio. eae et jack afer to e) LE UIDIN Keon (eng term )ftred opel. LL ghoeey! a = ol mp Correnk 9) ech = Slee ee eureausk Asch ov Scurreil. i fless_ wv tery beer be Sf fired & l det to. ebb CO) egptors det eyily = usly ang ena a > Wee teat ceed = be °_Onberacl cxveroge _dnkeresl exp ___ CB) Corre Fab = Corraub, lasek. Corroul ike iy: fc Asses. WD _Rectsable born over mabio = CrSales Et Reciable pei 0D iat ner ears = WB ic smn nila _ “ 7 oe vokio Beck value per share. (A) Ecening, ovouible Nek. iencome. - profered for 28 divides {iS (20) Bon = ek pot 4» Assek. toed ger” margin, Ts ——- 7 T= fat) Roe _= tut potty nessk x Equi WD) turcrage cattechion _perind « Reuveohle S = Regia 95 atta ks Dueage doi aaAverene colletion._=_Recismble — Period Ave. aan sale = _Telal Lyabitity - 7 Toled Assely B31 2 6:33 mle a ae = 6.018 No bleo — : Sewestony i 2 2.186. Z Pane a a ih ei — +2. Ee_Saventory _z bese — \oud 926 ___ 20.1 — He v- Tole Asseh = — ting Be res byrneyer = Sake a E _ Total Ascelives S 600090 ea vie Debt Tole Uiateitity : 3 pe ro oe ae> a Tek polit. yice Soler ___uaage__xte0 boseoo UNS “vii Grosz_prlt sergio + Nek profil xto0___ Tota Asse, _ x10o _opesoliog pra : margin ___+ ar = <2 ss ibs Ef see lo Uou,Anewssrs 7 ae Pennitaag P3-24.- _Reoyst o2- __Analysis . iby te ioe oor performance oS ~~ Grass Gecront wy pPecepusi le LSS, Proven ath e aed fuctu: eset oi Ligy: Tove Sevres alu peut (gh pesforae ct eee {o_peivious. result —ueale and ubhai "we comes the result until induskey our perforant is_also_veey toy. 3. Stony eee ane. ines oe 4 vedushiou to! Ke tuteret eacnea Yo is nek tak yeod ay 7ily Ratros~ (ruts). : our. proftlabitiby. fen + -ralio_ shows goed _ perfomance.’ t gra peokit rag there —_enery bo ‘nei cost. of good sold. : aad Market Ratio —— = Tole Wattle —— tak Ass el — to faa and industry eerfomane, 8 wack e_revkio—is__sell. ——___ = 08, As compared tne clebb rahio of both companies Pe Wan paper _ “wether becoute. its deat clot maki is sratler thon _enboer laucl62.60p60 «(oo 1 — ____ Sale . s 12S: _Ararisise _ As compared the _taoth _—een panics per facnance we pelian _unuld toe beter Woecauke tk juberesk earned nokto sts: _grenker than _btenlser \und- And ‘Uralbet_land fs ___tn__its. ____weatle__ poston. -__--_—_---_—(Ww (19 Feascan aoe “2. Nek profit margint= _ Relorn_on Lelod sd: ee ik oxtoo. 77 2 Nek profit x10 sakes 2640000 x /Jo0:: E aa As compared the” . prolit rato. ef bol gompunies the __palican cempury js betes of 10 . J Qecd _posilicn 1” because at Ass revetes cL _ compat fe . =m equuily = 36QoeeD — XIGO Aocanee. tava shod [ew _was a weeldel eee iz Tait a _averoge: sue uae As compareat ate tndestyy_- axstoge— our_perfomone ey Uayvidily Rokios wos very— _.—Perfomance ia profitability better es ak + rakio ik_in__ its ___ - CC apared| —— eh, to iadustey our _perfonnance— id) 2 oor perfomance io__wod__gote§ ——— watt aun one _soenpsiny vated _————— ___ia__baller _posttion.—___—= 4000000 | x nL, ———— = ZRo00800_ oe og “Gost_of af gee good ‘soldi ee weeds ee marliopob6eO 2! less C-@:$ 0 Boooeeo Gross proht 34000000 + Ce Operating profits. _. Operating profit. = Sales x 387 : x 2¢- : CES 14 eoose0 i Fee Opeaing perth sate pnlymtt =. # (Soomon ny_Lorning_avoilotsle » for ce _eoramon — Steck holder, ne Aecount veeeuiable| A prolil.=_prelerca) “dnidad_ 7 __ SA ccos00~ 060 Brevecce e a Total Asset. E Se ae ttt: Toleliasedk Toles ascels = Yoomnes a = 2oegasco 0 (6 = 32 too Tot ol Aoselt Toto Asselh _. _32000%0 o- lb Deoreees Ee Statement loined E _————— is geniag ai ia Ga eee “t Net grolit~ preferredl clisided— __NO of connnne)~_O'Keefe “Tduthries, balance shee eS _For_year end dee. Sh2012 __Assets 4 Babitthy — - Cosh a] 320 Recousk payathe ee Moedeibsle secuichy jiisee | rsote)_ payable | eontt Accouk secivablé lorzéo_ | AccrwalS. — SGoveaborih_ 22500 Tel Coen: bil 200068 _Tolal erred esel. | WTORBOL teenie est) | ooet2. net fied assei____to2een0 | Slotlehelder ery t booesa.] Tole) Ascoli __|L1Sop000 Toles Lnketh'hy 4 |Sosses — I | Steele beldar | | eopuh Dug tolleetion pening _ > _ Recivable = (41260 +214LGoe0_aanval sale B2bec0 _oole keeper eo enaager! corred Ue 2444 Bi SS tro, a chen 34 rent ae a dep ero ASb00, yearly. ——pnid_iubrsst "Soe Wooe_[ 120600, ce _}:20. | _ = __\Boveco. dotal Asses, Service revenue ii! Bberan, __ 3 60000 a & salary Bosex ‘booo a aueoe : ae a eee "te00 lease poyment 2Tees12 Buco ne akepriendion——— 1S en__ Tax entre —— a — ERT For (Boy-xSSos0.) _ Total debt = occa ¥0-60 aeld one Joyoe companion thas ee eae gan 3 gle Deypleael S30 51M oath dS te rage ___Opr._ 3 year period. _perfoenante _in_20ll_ond than reduce in 2012 Ein jhe __comparison olansen pecfom nS Dee Rea eC s __ _Sohason have } fo"further 2+." * analyse debt ratios” to ted t QN_ovess are coverecl dogent Gther than Sclvency! 1 et Die Lt debts nes ae \ LTOebls = Boceco LEpebt: Recess x0$ = looooo.S- Geoss_ profit 5 Gross. proltl. margin _kommover aed : cols ae toy Toe @ross! Geol — Gals = Ueoscex2-S > lveoose , : 7 19e0m8° a 2600 = _looec® Gros prolit = Lootece x. 0:12 Bz- Aug collection _perxie _purtenk aseck = Gnventomy- __corronk Leary SS echion fee = _ Reeiielle . ___— e 4g daile seek ectyabl __ Toventory toenger sect inventory,net worth 2680 Suuo = 10697phe long. basen ste Ry ralorn-on 2 wet golit'ss x1eo— __& tole | riick = a dent hz_mek profrke ie tes os os : on _ rohit = nek profit yioo sales = Bite! Kiw fa a 12680 = = = 28Tk Nee: pedlit 200 Net prof t ne pedkt: : Foceceo.T- current rebor- Cerreuk raklo = gurrouk_annel orrenk_Linkelity uk assek. ~~ Batonce sh os cash ord mmackebble S60 on ae __Recouk cowl. yeeivalS | loco lox corruuk ass aniice ~ BBeo Bnet profit margin (Nab feed Basel - net prot. Nek prolit. Tole Asse 7 | S00 eeoans alae | _margin sales oot = _ Nek probit: [sales wudk prolit__~ too 40-68 _Lsboitite aq sted. Tolak Liability hneider apis cay an 2 S$60_ Wi - Lokal Liability & stork holder eqyuilg.ig vq ren peed _-— Pe ete eee peviod -_Rottvable _ = leew x2 = Suc.ty sot et ono 5 ascet lan. <#eserrsed poaboowse) -f ol rea es Ls Se 2 (Sormeo. = = rekprobit = 120000. oo od aw * 4 i do_pont - a Roa. Neb peokibe x_assek burn ave — margin — a = et a = Rowson x 6 uberest opps 2Soeee 2Q.28 Bpectoo Iooes 412-3157 = 195625 __z 0:02 x 6xloo _ lexooen x log /, = 102Sc0 . Aoeoced x M-So/. = _ 14 See lane 664378