Shahtaj Textile Ltd.

Balance sheet
For the year ended
Current Assets:
cash
Short term investment
Account receivable
Inventory
Stores and spares
Advances to associated undertaking
Prepaid expense
Disputed taxes /exise duty payments
Trade debts
Other current assets
Total current assets

Average

1086126
194943314

2008
32364812
1805071
1296664
183969783
37552386
3247674
107580
20654308
460626703
2800000
744424981

Long Term Assets:

Net fixed assets
Cpital work in progress
Long term deposits
Deferred cost
Long term investments
Long term advances or loans
Other long term assets

758278969

Total long term assets

761081654

TOTAL ASSETS

1893645

909040

1519353360 1505506635

Shahtaj Textile Ltd.

Income statement
For the year ended
Net sales
Cost of goods sold(excluding depreciation)
Gross profit
Other operating income

Distribution cost
Administrative expense
Depreciation
Other operating expense
Finance cost

Profit before taxation

Taxation
Profit for the year
Other comprehensive income for the year
Total comprehensive income for the year
Earing per share(basic and dilluted)

aj Textile Ltd.
ce sheet
e year ended
2009

2010

3207596
2551454
868001
174014604
33263279
1186264
744454
16218188
512400741
3451498
747906079

7592135
1652432
1093713
226845554
88854103
2234460
2780107
16968467
564700560
3400000
916121531

Current Liabilities:
Sort term debts
Accounts payable
Accrued mark up on loans
Accrued expense
Taxes payable
WPPF
Advances from associated
Long term debt current portion
Other current liabilities
Total current liabilities

Long Term Liabilities:

696561865

685171077

1895645

2788045

927812

1181391

Long Term debts

Finance base obligation
Director loan
Long Term deposits
Other long term liabilities
Deferred liabilities

699385322

689140513

Total long term liabilities

1447291401

1605262044

TOTAL LIABILITIES

Share Capital & Reserves:

Paid up capital
Reserves
Subordinated directors loans
Retained earning
Total net worth
Surpus on revaluation of PPE
Total net equity

TOTAL LIABILITIES AND EQUITY

aj Textile Ltd.
me statement
e year ended
2008

2009

2010

1974484180
1777632446

2424338100
2080783422

2829225818
2429142307

129135297
23982428
3905234351

270479724
24893548
4800494794

333745788
20111052
5612224965

-29854034
-31805719
-67716437
-1155663
-74709223
-205241076

-26128368
-38163679
-73074954
-77845702
-102803351
-318016054

-16508826
-42565359
-66337723
-79624219
-81830770
-286866897

3699993275
-15938624
3684054651

4482478740
-11545503
4470933237

5325358068
-25532286
5299825782

-345538

38886669

107795380

-0.04

4.03

11.16

598022639

L LIABILITIES

2008

2009

2010

527685966
120277760
12215904

365511928
219367952
19597575

394335341
258376927
17415500

1746051

232765

6973561

73717108

50085054

103547231

735642789

654795274

780648560

269965049

256739549

154491532

138986852

136567994

132195769

408951901

393307543

286687301

1144594690

1048102817

1067335861

96600000
15000000

96600000
15000000

96600000
200000000

45865417

93307832

137737511

157465417

204907832

434337511

68446528
225911945

59280752
264188584

53588676
487926187

1302060107

1253010649

1501673372

Reserves:

AND EQUITY

FINANCIAL SPREAD
Shahtaj Textile Ltd.
Mr.Yousuf Adil Saleem & Co.
Shahnawaz Building, 19- Dockyard Road.
West Wharf. Karachi-74000

2008

2009

1974484180
129135297
3699993275
3684054651
1505506635
157465417

2424338100
270479724
4482478740
4470933237
1447291401
204907832

9.62871166
0.07357236
25.8780609
32.5290368
0.68642282
0.26093991

0.22783364
1.09454526
0.21148294
0.21359037
-0.0386682
0.30128784

187%
7%
187%
11.3004724

185%
11%
184%
13.7141445

1817.91448
20.0779522

2232.09655
16.3523392

9.11871463
40.0275713
1.29955561

10.6737871
34.1959229
1.59563809

1.01193812
0.04575791

1.14219835
0.00622423

5.06655232
1.81022699
3.85711399

3.96725249
1.48873784
2.54491137

Audited/ Unaudited
Qualified/ Unqualified

Key Figures
Sales
Gross Profit
Operating Profit
Net Income
Total Aessts
Net Worth

Annual Growth In %
Sales Growth
Gross Profit
Operating Profit
Net Income
Total Aessts
Net Worth

Profitability Ratio
Operating Profit Margin
Gross Profit Margin
Net Profit Margin
Return On Equity

TurnOver Efficiency
Receivable turnover
Day Receivable
Payable turnover
Day Payable
Inventory turnover
Day Inventory
Assets TurnOver

Liquidity Ratio
Current Ratio
Quick Ratio

Leverage
Total Liabilities/Net Equity
Total Long Term Liabilities/Net Equity
Total debt/Total equity
Interest coverage Ratio

Total Liabilities/Total Assets

Total Long Term Liabilities/Total Assets
Fixed Assets/Long Term Borrowing

0.7602721
0.2716374

0.7241823
0.27175422

NCIAL SPREADS

2010

2007

2829225818
333745788
5325358068
5299825782
1605262044
434337511

185768910
120285601
137658490
109876543
892721928
124879398

0.16700959
0.23390317
0.18803867
0.18539587
0.10914916
1.11967257
188%
12%
187%
16.2566902

2604.87809
14.0121721

12.4607624
29.2919477
1.86212496
1.173539
0.01112645

2.18749452
0.58756285
1.33703442

Average total equity

326008905

0.66489821
0.17859221