Financial Statement Analysis of Non Financial Sector 2010

Azgard Nine Ltd.(Legler-Nafees Denim Mills Ltd.)

Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)

1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)

1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)

1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)

1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2009
2010

2005

2006

2007

2008

5,668,395

23,784,946

24,244,939

8,687,158

42,857,047

42,857,047

6,913,340

26,418,548

27,786,186

11,275,747

7,380,422
39,901,859

7,380,422
39,901,859

5,594,458
264,284

20,013,878
535,228

20,482,735
729,590

8,653,622
538,506

29,696,709
18,408

29,696,709
18,408

73,937

3,771,068

3,762,204

33,536

5,645,096
37

5,645,096
37

4,915,508

7,062,660

9,451,173

18,684,515

134,783
15,638,041

134,783
15,638,041

46,283

1,132,967

630,082

82,074

437,814

437,814

2,123,665
1,034,669

2,903,999
1,520,389

2,532,100
2,366,279

4,034,103
0

5,985,036
4,586,931

5,985,036
4,586,931

760,796
950,095

49
1,505,256

882,995
3,039,717

11,540,498
3,027,840

0
4,628,260

0
4,628,260

4,491,017
3,532,298

9,935,874
7,877,741

10,686,285
5,429,188

10,353,720
7,302,259

24,459,435
16,402,024

24,459,435
16,402,024

958,719
2,718,407

2,058,133
11,249,254

5,257,097
13,441,452

3,051,461
6,674,514

8,057,411
18,224,297

8,057,411
18,224,297

15,684,724

15,684,724

2,393,670

7,712,953

10,404,259

3,962,461

392,185
0

392,185
0

324,737

3,536,301

3,037,193

2,712,053

0
2,147,388

0
2,147,388

3,374,479
1,737,308

9,662,478
3,788,839

9,568,375
3,788,823

10,343,439
3,827,119

15,811,356
4,879,344

15,811,356
4,879,344

868,654
868,654
1,637,171

3,127,101
661,738
5,873,639

3,127,135
661,688
5,779,552

3,827,119
0
6,516,320

4,548,719
330,625
6,962,860
3,152,134
3,810,726

4,548,719
330,625
6,962,860
3,152,134
3,810,726

3,969,152

3,969,152

4,662,202
791,645
3,870,557
3,523,721

6,624,764
2,492,848
4,131,916
4,731,960

12,936,942
7,504,488
5,432,454
8,362,558

11,827,025
11,724,806
102,219
8,238,448

1,138,481
363,755

1,892,804
563,152

4,574,384
841,802

3,588,577
1,089,025

26,276,262
14,524,421
11,751,841
17,982,858
6,401,919
11,580,939
8,293,405
2,141,365
782,580
1,358,784

26,276,262
14,524,421
11,751,841
17,982,858
6,401,919
11,580,939
8,293,405
2,141,365
782,580
1,358,784
2,693,503
4,791,419
4,917,049
1,363,061
157,119
29,591
0
1,292,451

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax provision (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

363,755

563,152

841,802

1,089,025

790,070
47,858
164,610
0

213,982
123,640
210,493
0

1,916,324
100,401
343,981
0

(1,457,675)
13,287,571
0
0

2,693,503
4,791,419
4,917,049
1,363,061
157,119
29,591
0
1,292,451

6,092,886
2,393,670
577,602
5,925,968

20,911,732
7,712,953
(120,151)
15,590,694

23,009,827
10,404,259
1,471,942
15,833,447

17,017,953
3,962,461
(14,745,246)
11,264,720

34,035,653
15,684,724
1,176,351
32,086,748

34,035,653
15,684,724
1,176,351
32,086,748

0.41
6.23
22.19
0.44
1.09
75.58
2.14
9.36
25.52
16.16
4.51
2.20

0.27
17.92
22.95
0.21
0.71
71.43
2.19
1.03
3.28
1.58
0.43
2.28

0.36
16.64
18.29
0.38
0.88
64.64
2.52
5.94
19.93
8.73
5.28
5.11

1.12
39.04
0.00
0.43
1.80
69.66
1.65
-4.77
-14.64
-7.28

0.21
18.23
17.46
0.45
0.64
68.44
2.70
3.17
10.42
5.34
40.75
4.39
1.28
5.19
0.03
2.65
34.76

0.21
18.23
17.46
0.45
0.64
68.44
2.70
2.33
8.62
4.00
40.75
4.39
1.28
5.19
0.03
2.65
34.76

290,509

1,187,224

2,152,438

4,617,259

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators

1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

30

2.93

16.95
0.00
8.54
38.85

3.23
0.00
0.29
30.90

14.81
0.00
5.81
30.60

-12.32
0.00
-38.53
27.03