Din Textile
Mills
Financial Report
Contents
Company Information
For Stockholders
Financial Summary
Financial Statement
Projected Financial Statement
SWOT Analysis MICRO
SWOT Analysis MACRO
Recommendations
Company Information
Din Textile has been constantly striving to achieve excellence and generate highest value for all of its
stakeholder s.
Toda y Din Textile holds an unchallenged position at forefront of industry, within the country and
overseas for its groundbreaking developments and innovative products line,
Din Textile has gained immense trust for delivering superior quality products for exceeding the
customer expectations.
This is a testimony to Din's unwavering commitment to total satisfaction of its customers.
Under the dynamic leadership of the Group and strong Human Resource, Din Textile Mills Ltd. was
founded in 1987 and in a very short time become an icon for the spinning industry in Pakistan.
With four state-of -the-art spinning units and 1 dyeing unit located at Chunian and Lahore and one
100% own subsidiary Ihsan Raiwind Mills (Pvt.) Ltd. having Consolidated annual production capacity of
yarn 31.90 million Kgs( Din 's 26.88 million kgs and Ihsan s 5.01 Million kgs.) and dyeing of Fiber and
Yarn 2.82 million Kgs.
With a consolidated annual turnover of Rs. 8.31 billion, today Din Textile Mills Ltd. employs over 3,066
employees. Din's aims to create superior value for our customers and stakeholders without
compromising on commitments to safety, environment, health, and other social responsibilities f or the
communities in which we operates.
For Stockholders
Year Ended June
30
FINANCIAL RESULTS
Profit & Loss
Profit & Loss after tax
Dividend for the year 2010-2011 @ Rs. 2
Profit Carried Forward
Earnings / Loss Per share
2013
In 000
2012
In000
1,662,63
0
(669,487
733,651
)
- (40,767)
1,686,02
952,377
7
35.99 (32.84)
952,377
OPERATIONAL
PERFORMANCE
Year Ended June 30
2013
In 000
2012 Inc./(Dec)
In000
%age
Total Net Sales
8,269,374
7,358,489
12.75
Local Net Sales
1,440,468
4,488,525
(67.91)
Export Net Sales
6,981,337
2,989,025
133.57
Commission and Claims
(125,432)
(119,061)
5.34
Gross Profit / (Loss)
1,387,261
(205,057)
776.52
SALIENT FEATURES OF THE ACCOUNTING
RESULT
Year Ended June 30
Sales
Cost of Sales
Gross Profit / (Loss)
Distribution Cost
Administrative Expense
Other Operating Expense
Finance cost
Other Operating Income
2013
In 000
8,269,37
4
(6,909,1
13)
1,.387,2
61
(112,634
)
(111,767
)
(45,331)
(298,664
)
(568,396
)
15,394
2012
In000
7,358,48
9
(7,563,5
46)
(205,075
)
(141,184
)
(102,471
)
(1,581)
(405,577
)
(650,812
)
21,975
Financial Summary
Challenges imposed by the local and global economy.
It has comprehensive plans on managing the future growth of company while
keeping abreast with the environment and the stake holder's expectations.
The financial performance of your company for the years 2012-13 reflect stable
performance as it sales revenue and profit before taxation surged to Rs. 8.301
billion ( FY 2011-12 Rs. 7.358 billion) and Rs. 834.405 million ( FY 2011-12 loss of
Rs. 833.895 million) exhibiting growth of 12.81% and 200.06% respectively.
These increase primarily driven by best management of working capital, enhancing
production capacity, and producing best quality value added product mix.
Ongoing cost saving and controlling initiatives were taken to particularly offset the
negative impact of escalating input costs.
Din Textiles is committed to enhancing its' product base by diversifying in to low
cost high quality products with high financial returns.
Financial Summary Cont.
That we believe in People Planet and Profits (Three PPP's). Cost of sale reduced by 8.59% it was Rs. 6.913
billion in year 2012-13 where it was 7.563 billion in year 2011-12. The reduction in cost is mainly due the
stability in the cotton rate in local as well as in international market.
Company made considerable efforts and motivative measure to promote a cost conscious culture without
compromising on quality of work and product in all facts of the business with decrease of 20.22% in
distribution cost, increase of 9.07% in administrative expenses and decrease of 26.31% in financial cost
as compare to the figure of previous year.
The decrease of finance cost is mainly due to best management of working capital and JIT policy of
procurement, decrease in distribution cost is due to the better negotiation in prices of logistic and other
means of distribution in spite of increase in oil prices and logistics rates. While increase in administration
cost is due to continuous increase in minimum wage rate and inflationary economic conditions.
During the FY 2012-13 the company's cash flow from operation after working capital changes and
payment of income tax, finance cost, WPPF and staff retirement benefits shows short fall of Rs. 90.419
million. After adjustment of investment and financing activities of Rs. 92.271 and 481.460 million the
company cash and cash equivalent at the end of year shows an amount of overdrawn Rs. 128.331 million.
In view of the stable financial result rendered by the company for the year 2012-13, they are focused on
driving forward their financial performance helping to sustain long term growth and deliver industry
leading return to the stakeholders in future.
Financial Statements Six Years at a glance
Operating Results:
Sales-net
Cost of Sales
Gross Profit / (Loss)
Operating Profit / (Loss)
Profit / (Loss) Before Tax
Profit/ (Loss) After Tax
Dividends
EBITDA
Per Share Results and Returns:
Earnings / (Loss) per share Rs.
Cash Dividend per Share Rs.
Dividend yield ratio %
Dividend payout ratio %
Market Price Per Share at the end of
the year (KSE 100 Index) Rs.
Price Earnings Ratio Times
2013
8,296,374
6,909,113
1,387,261
1,117,530
834,260
733,651
1,301,231
YEAR ENDED JUNE 30
2012
2011
2010
7,358,489
7,574,654
4,599,879
7,563,546
6,099,469
3,767,900
-205,057
1,475,185
831,979
-450,293
1,241,197
623,503
-833,895
925,683
414,042
-669,487
851,352
359,879
40,767
37,061
-260,612
1,421,686
797,705
(32.84)
35.99
41.77
2009
3,641,778
3,324,878
316,901
217,619
84,893
32,547
414,571
1.76
17. 66
2008
3,038,666
2,703,555
335,111
345,372
132,360
181,809
2,918
446,699
9.81
2.00
7.26
4.79
2.00
7.43
10.30
1.00
4.20
1.60
61.00
17.00
27.55
26.90
12.91
23.80
1.69
(0.52)
0.66
1.52
7.35
2.43
Financial Statements Six Years at a glance
FINANCIAL POSITION:
Reserves
Current Assets
2013
2,096,404
4,507,036
YEAR ENDED JUNE 30
2012
2011
2010
1,362,753 2,073,007
1,277,246
2,511,156 3,975,148
1,734,752
Current Liabilities
3,109,746
2,398,881
1,397,290
1,635,532
6,341,973
112,275
1,695,685
4,361,966
1,059,793
2,300,238
3,232,227
578,332
1,566,587
1,963,085
203,834
203,834
112.85
76.86
Net Current Assets / (Liabilities)
Property Plant & Equipment
Total assets
Long Term Debt (except Director Loan)
Shareholders' equity
Capital Employed
Share Capital
Breakup value per share Rs.
Financial Ratio:
Current ratio Times
Long-Term Debt to Capitalization %
1.45
83.87
1.05
73.94
2009
917,367 8
1,423,325
1,380,077
2008
87,738
1,224,353
943,216
43,216
43,248
1,637,141
1,670,162
1,763,768
5,625,629 3,417,482
3,166,895
-67,585
1,899,186
3,031,932
1,691,536
1,291,938
3,128,765
341,310
2,276,840
2,593,697
203,834
262,424
1,462,549
1,725,947
201,539
1,102,670
1,786,818
555,678
1,073,041
1,836,827
185,303
185,303
185,303
111.70
78.93
1.31
62.61
1.03
58.61
59.51
1.03
52.10
0.06
0.95
74.99
Financial Statements Six Years at a glance
PROFITABILITY RATIOS:
Gross Profit / (Loss) Ratio %
Net Profit / (Loss) Margin %
Interest Coverage Times
No. of days in Receivable
No. of days in Payable
No. of Days in Inventory
Cash Operating Cycle Times
Debtors turnover ratio Times
Creditor Turnover ratio Times
Inventory turnover Times
Fixed Assets Turnover Times
Total Assets Turnover Times
Other Data:
2013
16.72
10.06
3.79
69.48
13.69
86.86
142.64
5.25
28.12
4.20
5.07
1.31
2012
(2.79)
(11.33)
(1.06)
49.88
13.33
87.79
124.34
7.32
28.29
4.16
4.34
1.69
YEAR ENDED JUNE 30
2011
2010
19.48
18.09
12.22
9.00
3.80
2.94
48.23
43.48
11.13
15.04
93.92
66.85
131.02
95.28
7.57
8.40
36.05
27.24
3.89
5.46
4.63
2.75
1.35
1.35
2009
8.70
2.33
1.60
56.22
17.16
71.06
110.12
6.49
26.89
5.14
2.10
1.15
2008
11.03
4.36
2.16
50.08
13.31
96.30
133.07
7.29
28.94
3.79
1.60
0.97
Depreciation & Amortization
168,307
167,706
165,920
170,199
187,217
200,116
Capital Expenditure
113,083
232,468
138,516
106,460
28,000
100,767
Financial Statements Statement of value
added
WEALTH GENERATED
Gross Sales Revenue
Other Receipt
2013
8,241,806,668
7,477,549,294
15,394,311
21,974,752
Less: Material Services
Material And Factory
Cost
2012
6,234,840,215
6,984,819,594
34,880,982
25,400,884
Distribution Cost
112,432,200
141,183,542
Brokers Commission
125,432,200
119,060,669
Administrative Cost
Value Added
1,929,413,8
16
100%
229,059,3
57
Distribution of Wealth - 201
15%
30%
47%
100%
7%
Financial Statements Statement of value
added
WEALTH DISTRIBUTED
To Employees
Salaries and Benefits
To Government
584,455,022
Tax
100,609,052
Worker Profit
Participation Fund
Worker Welfare Fund
To Providers of Capital
Dividend to Share Holders
Bonus to Share Holders
Mark-up Interest on
Borrowed Fund
To Provide Maintenance
and Expansion of Assets
Depreciation
Profit Retained
2013
30.29
489,671,515
(164,408,507
5.21
)
2012
213.77
(71.78)
43,908,422
2.28
40,766,706
-
17.80
-
298,664,105
15.48
405,576,503
177.06
168,126,244
8.71
167,706,491
(710,253,351
38.02
)
73.22
733,650,971
1,929,413,81
229,059,357
Distribution of Wealth - 2012
(310.07)
27%
30%
10%
33%
Financial Statements Common Size Horizontal
Analysis
2013
Variance
2012
Variance
2011
Variance
2010
Variance
2009
------------------------------------- (Rupees In Millions) --------------------------------------
Operating Results
Net Sales
8,296
12.75
(2.85)
3,642
(8.65)
13.32
(3,325)
Gross Profit/(Loss)
1,387
776.52
(113.90)
77.31
4,600
(3,768
)
832
26.31
(6,909)
7,575
(6,099
)
1,475
64.67
Cost Of Sales
7,385
(7,564
)
(205)
162.54
317
Distribution Cost
113
(20.22)
141
64.79
86
(10.49)
96
115.19
44
Administrative Exp
112
9.07
102
11.77
92
13.45
81
84.84
44
Operating Expense
45
2766.94
(92.21)
57
77.24
32
188.32
11
Finance Cost
299
(26.36)
406
22.87
330
54.63
213
49.84
142
Operating Income
15
(29.95)
22
50.82
15
264.01
(58.89)
10
Profit / (Loss)
before Tax
834
200.04
(834)
(190.08)
926
123.57
414
387.72
85
(101)
(161.19)
164
(321.18)
(74)
37.24
(54)
3.76
(52)
734
209.58
(669)
(178.64)
851
136.57
360
1000.8
33
Provision for Tax
Profit / (Loss) after
Tax
24.00
61.88
Financial Statements Common Size
Horizontal Analysis
NON CURRENT
ASSET
Property, Plant,
Equipment
Long-term Loan &
Adv
Long-term
Deposits
Long-term
Investments
Deferred Taxation
Asset
Total Non-Current
Asset
CURRENT ASSET
Store, Spare &
Tools
Stock in trade
Trade Debt
Loan and
Advances
1,636
(3.55)
1,696
3.58
1,637
(1.98)
1,670
(3.82)
1,736
(100)
0.37
(44.40)
0.69
15
(2.59)
16
16.19
13
9.39
12
89.67
6.43
45
100.00
140
0.00
140
100
1,835
(0.86)
1,851
12.14
1,650
(1.92)
1,683
(3.49)
1,744
267
118.79
112
(16.52)
146
3.94
141
33.50
105
1,636
1,597
45.05
57.05
1,128
1,006
(38.57)
0.46
1,386
1,001
112.34
82.69
865
548
67.84
(2.33)
515
561
755
963.12
71
(91.77)
863
857.48
90
(53.44)
194
Financial Statements Common Size Horizontal
Analysis
CURRENT
LIABILITIES
Long-term
Financing
Long-term Loan
Liabilities against
assets
Deferred
Liabilities
Staff Retirement
Benefits
Deferred Taxation
Total Non-Current
Liabilities
Net Worth
Net Worth
Represented:
Issued,
Subscribed and
821
199.39
274
57.73
174
21.24
143
123.20
64
(100)
500
20
(57.47)
47
94.52
24
47.59
16
(16.36)
19
91
20.73
75
16.15
65
30.65
50
(4.38)
52
)100)
54
54
11.66
48
932
135.06
396
25.13
317
20.30
263
(61.50)
684
2,300
46.83
1,567
(31.19)
2,277
55.68
1,463
32.62
1,103
204
204
204
10
185
185
Financial Statements Common Size Horizontal
Analysis
OPERATING RESULT
10,000
8,000
6,000
4,000
2,000
0
-2,000
-4,000
-6,000
-8,000
-10,000
Financial Statements Common Size Vertical
Analysis
VERTICAL ANALYSIS
Operating Results
Sales - net
Cost of sales
Gross profit / (loss)
Distribution cost
Administrative expenses
Other operating expenses
Finance cost
Other operating income /(loss)
Profit / (loss) before taxation
Provision for taxation
Profit / (loss) for the year
Balance Sheet
NON CURRENT ASSETS
Property, plant and equipment
Long term loans and advances
Long term deposits
Long term Investment
Deferred Taxation Assets
Total non-current assets
2013
2012
2011
2010
............................................... (RUPEES IN MILLION)..................................................
8,296
100.00
7,358
100.00
7,575
100.00
4,600
100.00
(6,909)
(83.28)
(7,564)
(102.79)
(6,099)
(80.52)
(3,768)
(81.91)
16.72
1,387
(205)
(2.79)
1,475
19.48
832
18.09
113
112
45
299
15
834
(101)
734
1.36
1.35
0.55
141
102
1.92
1.39
86
92
1.13
1.21
96
81
2.08
1.76
0.02
57
0.75
32
0.69
3.60
0.19
406
5.51
330
4.36
213
4.64
22
0.30
15
0.19
0.09
926
12.22
414
9.00
2.23
(74)
(0.98)
(54)
(1.18)
(669)
(9.10)
851
11.24
360
7.82
10.06
(1.21)
164
8.84
1,636
15
45
140
1,835
(834)
25.79
0.00
0.24
0.70
2.20
28.93
1,696
16
140
1,851
(11.33)
38.87
0.00
0.36
0.00
3.20
42.43
1,637
13
1,650
29.10
0.00
0.24
0.00
0.00
29.34
1,670
0
12
1,683
48.87
0.01
0.36
0.00
0.00
49.24
Financial Statements Common Size Vertical
Analysis
2013
2012
VERTICAL ANALYSIS
CURRENT ASSETS
Stores, spare parts and loose
tools
Stock in trade
Trade debts
Loans and advances
Trade deposits and short term
prepayments
Other receivables
Tax refunds due from the
Government
Cash and bank balances
267
1,636
1,579
755
6
42
167
54
2011
2010
............................................... (RUPEES IN
MILLION)..................................................
4.21
25.80
24.90
11.91
0.09
0.67
2.63
0.85
122
1,128
1,006
71
6
4
101
74
2.80
146
2.60
25.86
1,836
32.64
23.05
1,001
17.79
1.63
863
15.34
0.13
0.07
0.08
0.00
2.31
67
1.19
1.71
58
1.03
141
865
548
90
2
0
64
25
4.12
25.31
16.03
2.64
0.07
0.00
1.87
0.72
Financial Statements Common Size Vertical
Analysis
2013
2012
VERTICAL ANALYSIS
CURRENT LIABILITIES
Trade and other payables
Accrued mark up and interest
Short term borrowings
Long term financing
Long term financing from
directors and others
Liabilities against assets
subject to finance lease
Total Current Liabilities
WORKING CAPITAL
186
33
3,110
1,397
63
2.88
182
Current portion of
1,577
1.28
81
2010
............................................... (RUPEES IN
MILLION)..................................................
41.43
2,627
2011
502
2.93
0.00
0.52
49.03
22.03
36.14
2,055
36.52
1.46
86
1.53
11.50
748
13.29
223
-
35
2,399
112
5.10
130
2.30
0.00
0.00
0.80
14
0.25
55.00
3,032
53.89
2.57
943
16.77
7.13
244
1.30
44
30.75
1,051
89
250
14
1,692
43
2.60
7.32
0.41
49.50
1.26
Financial Statements Common Size Vertical
Analysis
2013
2012
VERTICAL ANALYSIS
NON CURRENT LIABILITIES
Long term financing
Long term loan from directors
and others
Liabilities against assets
subject to finance lease
Deferred liabilities
Staff retirement benefits gratuity
Deferred taxation
Total Non-Current Liabilities
Net Worth
Net Worth Represented by:
Issued, subscribed and paid up
0.00
0.31
20
14.70
1,567
3.21
174
3.09
0.00
0.00
396
36.27
2,300
6.29
1.07
75
-
0.00
932
274
-
47
1.44
91
2010
............................................... (RUPEES IN
MILLION)..................................................
12.94
821
2011
24
1.73
65
1.15
0.00
54
0.96
9.09
317
5.63
35.91
2,277
40.47
4.67
204
0.48
1.46
50
1.58
54
7.71
263
42.80
1,463
3.62
0.00
16
4.20
143
-
0.43
5.42
Financial Statements Common Size Vertical
Analysis
OPERATING RESULT
10,000,000
8,296,374
8,000,000
6,909,113
7,563,546
7,358,489
7,574,654
6,099,469
6,000,000
4,599,879
3,767,900
4,000,000
2,000,0001,387,261
1,301,231
1,117,530
834,260
733,651
0
-2,000,000
2013
3,641,778
3,324,878
3,038,666
2,703,555
1,475,185
1,421,686
1,241,197
925,683
851,352 831,979
797,705
623,503
446,699
414,042
414,571
359,879 316,901
345,372
335,111
217,619
181,809
132,360
84,893
32,547
2012
-205,057
-260,612 2011
-450,293
-669,487
-833,895
2010
2009
2008
Sales-net
Cost of Sales
Gross Profit / (Loss)
Operating Profit / (Loss)
Profit / (Loss) Before Tax
Profit/ (Loss) After Tax
Dividends
EBITDA
Financial Statements Common Size Vertical
Analysis
PER SHARE RESULT AND RETRUN
80
61
60
41.77
4035.99
27.55
17
20
7.26
4.79
2
0.66
1.69
02013
00
02012
0 0 -0.52
-20
-40
-32.84
2011
26.9
23.8
12.91
10.3
7.43
7.359.81
4.2
2
1.521.76
1 1.62.43
0 2010
02009
00
2008
Earnings / (Loss) per share Rs.
Cash Dividend per Share Rs.
Dividend yield ratio %
Dividend payout ratio %
Market Price Per Share at the end of
the year (KSE 100 Index) Rs.
Price Earnings Ratio Times
Financial Statements Common Size Vertical
Analysis
FINANCIAL POSITION
7,000,000
6,000,000
5,000,000
4,000,000
3,000,000
2,000,000
1,000,000
0
-1,000,000
2013
2012
2011
2010
2009
2008
Combined Base Year Analysis 2013-2012
Combine Base Year Analysis 2012-2013
Operating Results
2013
2012
CBY
COMBINED
Sales net
8,296
100
7,358
100
1.13
1.00
Cost of sales
6,909
83.28
7,564
102.79
0.91
0.81
Gross profit / (loss)
1,387
16.72
205
2.79
6.77
5.99
Distribution cost
113
1.36
141
1.92
0.80
0.71
Administrative expenses
112
1.35
102
1.39
1.10
0.97
45
0.55
0.02
22.50
27.50
299
3.6
406
5.51
0.74
0.65
15
0.19
22
0.3
0.68
0.63
Profit / (loss) before taxation
834
10.06
834
11.33
1.00
0.89
Provision for taxation
101
1.21
164
2.23
0.62
0.54
Profit / (loss) for the year
734
8.84
669
9.1
1.10
0.97
Other operating expenses
Finance cost
Other operating income /(loss)
Combined Base Year Analysis 2013-2012
Combine Base Year Analysis 2012-2013
2013
2012
CBY
COMBINED
Balance Sheet
NON CURRENT ASSETS
Property, plant and equipment
1,636
25.79
1,696
38.87
0.96
0.66
Long term loans and advances
0.00
0.00
Long term deposits
15
0.24
16
0.36
0.94
0.67
Long term Investment
45
0.7
0.00
0.00
140
2.2
140
3.2
1.00
0.69
Total non-current assets
1,835
28.93
1,851
42.43
0.99
0.68
Total liabilities
6,342
100
4,362
100
1.45
1.00
Deferred Taxation Assets
Combined Base Year Analysis 2013-2012
Combine Base Year Analysis 2012-2013
Balance Sheet
CURRENT ASSETS
2013
2012
CBY
COMBINED
267
4.21
122
2.8
2.19
1.50
Stock in trade
1,636
25.8
1,128
25.86
1.45
1.00
Trade debts
1,579
24.9
1,006
23.05
1.57
1.08
755
11.91
71
1.63
10.63
7.31
0.09
0.13
1.00
0.69
42
0.67
0.08
10.50
8.38
167
2.63
101
2.31
1.65
1.14
54
0.85
74
1.71
0.73
0.50
Total current assets
4,507
71.07
2,511
57.57
1.79
1.23
Total assets
6,342
100
4,362
100
1.45
1.00
Stores, spare parts and loose tools
Loans and advances
Trade deposits and short term
prepayments
Other receivables
Tax refunds due from the Government
Cash and bank balances
Combined Base Year Analysis 2013-2012
Combine Base Year Analysis 2012-2013
2013
2012
CBY
COMBINED
Balance Sheet
CURRENT LIABILITIES
2,627
41.43
1,577
36.14
1.67
1.15
81
1.28
63
1.46
1.29
0.88
182
2.88
502
11.5
0.36
0.25
186
2.93
223
5.1
0.83
0.57
0.00
0.00
33
0.52
35
0.8
0.94
0.65
Total Current Liabilities
3,110
49.03
2,399
55
1.30
0.89
WORKING CAPITAL
1,397
22.03
112
2.57
12.47
8.57
TOTAL CAPITAL EMPLOYED
3,232
50.97
1,963
45
1.65
1.13
Trade and other payables
Accrued mark up and interest
Short term borrowings
Current portion of
Long term financing
Long term financing from directors and
others
Liabilities against assets subject to
finance lease
Combined Base Year Analysis 2013-2012
Combine Base Year Analysis 2012-2013
Balance Sheet
NON CURRENT LIABILITIES
2013
2012
CBY
COMBINED
821
12.94
274
6.29
3.00
2.06
0.00
0.00
20
0.31
47
1.07
0.43
0.29
0.00
0.00
91
1.44
75
1.73
1.21
0.83
0.00
0.00
932
14.7
396
9.09
2.35
1.62
2,300
36.27
1,567
35.91
1.47
1.01
204
3.21
204
4.67
1.00
0.69
Reserves
2,096
33.06
1,363
31.24
1.54
1.06
2,300
36.27
1,567
35.91
1.47
1.01
Total liabilities
6,342
100
4,362
100
1.45
1.00
Long term financing
Long term loan from directors and others
Liabilities against assets subject to
finance lease
Deferred liabilities
Staff retirement benefits - gratuity
Deferred taxation
Total Non-Current Liabilities
Net Worth
Net Worth Represented by:
Issued, subscribed and paid up capital
Projected Financial Statements 3 Years
Forecast
Projected 3 Years Forecast
Operating Results
Sales - net
Cost of sales
Gross profit / (loss)
Distribution cost
Administrative expenses
Other operating expenses
Finance cost
Other operating income /(loss)
Profit / (loss) before taxation
Provision for taxation
Profit / (loss) for the year
YEAR ENDED JUNE 30
2016
2015
2014
12,617
10,971
9,540
10,508
9,137
7,945
2,109
1,834
1,595
172
149
130
170
148
129
68
60
52
455
395
344
23
20
17
1,268
1,103
959
154
134
116
1,116
971
844
2013
8,296
6,909
1,387
113
112
45
299
15
834
-101
702
Projected Financial Statements 3 Years
Forecast
Projected 3 Years Forecast
Balance Sheet
NON CURRENT ASSETS
Property, plant and equipment
Long term loans and advances
Long term deposits
Long term Investment
Deferred Taxation Assets
Total non-current assets
CURRENT ASSETS
Stores, spare parts and loose tools
Stock in trade
Trade debts
Loans and advances
Trade deposits and short term prepayments
Other receivables
Tax refunds due from the Government
Cash and bank balances
Total current assets
Total assets
YEAR ENDED JUNE 30
2016
2015
2014
2,488
2,164
1,881
0
0
0
23
20
17
68
60
52
213
185
161
2,791
2,427
2,110
406
353
307
2,488
2,164
1,881
2,401
2,088
1,816
1,148
998
868
9
8
7
64
56
48
254
221
192
82
71
62
6,855
5,961
5,183
9,645
8,387
7,293
2013
1,636
0
15
45
140
1,835
267
1,636
1,579
755
6
42
167
54
4,507
6,342
Projected Financial Statements 3 Years
Forecast
Projected 3 Years Forecast
CURRENT LIABILITIES
Trade and other payables
Accrued mark up and interest
Short term borrowings
Current portion of
Long term financing
Long term financing from directors and others
Liabilities against assets subject to finance lease
Total Current Liabilities
WORKING CAPITAL
TOTAL CAPITAL EMPLOYED
YEAR ENDED JUNE 30
2016
2015
2014
3,995
3,474
3,021
123
107
93
277
241
209
283
246
214
0
0
0
50
44
38
4,730
4,113
3,577
2,125
1,848
1,607
4,915
4,274
3,717
2013
2,627
81
182
186
0
33
3,110
1,397
3,232
Projected Financial Statements 3 Years
Forecast
Projected 3 Years Forecast
NON CURRENT LIABILITIES
Long term financing
Long term loan from directors and others
Liabilities against assets subject to finance lease
Deferred liabilities
Staff retirement benefits - gratuity
Deferred taxation
Total Non-Current Liabilities
Net Worth
Net Worth Represented by:
Issued, subscribed and paid up capital
Reserves
Total liabilities
YEAR ENDED JUNE 30
2016
2015
2014
1,249
1,086
944
0
0
0
30
26
23
0
0
0
138
120
105
0
0
0
1,417
1,233
1,072
3,498
3,042
2,645
310
270
235
3,188
2,772
2,410
3,498
3,042
2,645
9,645
8,387
7,293
2013
821
0
20
91
0
932
2,300
204
2,096
2,300
6,342
SWOT Analysis - Micro
STRENGTH
Pricing Power Customers typically rebel against price increases by
switching to competing products.
Financial Leverage allows Din textile limited to use their balance
sheet to expand their business.
Innovative Culture helps Din textile limited to produce unique
products and services.
Asset Leverage allows to use their best operational assets to expand
their business.
A strong supply chain helps Din to obtain the right resources from
suppliers.
Unique Products help distinguish Din textile limited from competitors.
SWOT Analysis - Micro
WEAKNESS
A high debt burden increases the risk that Din textile limited goes bankrupt.
Weak R D can slow Din textile Limiteds growth as competitors out-innovate.
A lack of scale means Din textile Limiteds cost per unit of output is very
high.
Weak customer service hurts Din textile Limiteds reputation.
SWOT Analysis - Micro
OPPORTUNITIES
Greater innovation can help Din textile limited to produce unique
products and services.
New services help Din textile limited to better meet their
customers needs.
New products can help Din textile limited to expand their
business.
International markets offer Din textile limited new opportunities
to expand the business.
New markets allow Din textile limited to expand their business
and diversify their portfolio.
SWOT Analysis - Micro
THREATS
Intense completion can lower Din textile Limiteds profits.
Changes to government rules and regulations can negatively affect
Din textile limited.
Consumers can change their tastes very quickly.
Politics can increase Din textile Limiteds risk factors.
Volatile Costs
SWOT Analysis - Macro
STRENGTH
I
WEAKNESS
N Self-reliance
Highly fragmented sector
T Abundance of raw material
E production
High dependence on cotton
R Availability of cheap labor
N Growing economy and domestic
A market
Technological obsolescence
Declining mill segment
Nonparticipants in trade
agreements
L Progressive reforms
E
N
T
E
R
N
A
L
OPPORTUNITIES
THREATS
No Export duties
New competitors
Foreign Exchange
Phasing out of quota system
Punjab Power Plant Initiative by Mr.
Shahbaz Sharif only for Textile
Industry
Fashion life cycle
International labor and
environmental laws
Recommendations
1. Increase export as export duties are exempted for textile industry and
consequently
sales target will be increased to cover unexpected inflationary impact in
the economy.
2. Minimize operating expense to increase gross profit margin.
3. Cash Discount to be given to increase recovery turnover.
4. CRM to be strengthen for customer satisfaction and brand loyalty.
QUESTIONS & ANSWER
SESSION
THANK YOU
