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Shakarganj Sugar Mills Limited Muneeb Kiyani 14-NTU-1241 1

Shakarganj sugar mills limited

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Page 1: Shakarganj sugar mills limited

Shakarganj Sugar Mills LimitedMuneeb Kiyani14-NTU-1241

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Page 2: Shakarganj sugar mills limited

Contents

1. Company information 2-32. Balance Sheet3. Profit and Loss Account4. Common Size Analysis5. Index Analysis6. Ratio Analysis7. Graphs

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Page 3: Shakarganj sugar mills limited

Shakargang Sugar Mills LimitedWe, at Shakarganj, have served the local community since our founding in 1967 and through our Social

Action Programme, we improve the lives of the rural population by connecting and empowering resources

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Page 4: Shakarganj sugar mills limited

Shakargang Sugar Mills LimitedShakarganj Limited is a Pakistani industrial company in the sugar

Located in Jhang, it was established in 1967. Shakarganj Limited Getting "Best Export Performance Award"(Ethanol)every year since 2002.

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Page 5: Shakarganj sugar mills limited

Balance sheet 2015 2014 2013Equity And liabilities

share capital and reserves

Authorized capitalordinary share of rs 10 each 1,500,000 1,500,000 800,000 prefered share of Rs 10 each 500,000 500,000 500,000

2,000,000 2,000,000 1,300,000 issued subcribed and paid up capitalordinary shares of Rs 10 each 695,238 695,238 695,238 Reserves 896,940 1,109,735 1,187,887 accumulated loss 2,303,988 2,459,840 1,862,015   711,810 654,867 21,110 surplus on revaluion of property,plant and equipment 5,203,063 5,297,880 2,141,914

Non curent liabilities

long term finance 26,003 liabilities against assets subject tofinance lease 10,148 Employes retirement benefits 9,287 Defrred texation 864,353 1,089,825   864,353 1,099,112 36,151 Current liabilities

Current portion of long term liabilities 1,034,356 1,364,594 2,117,610 Short term borrowing 2,584,737 1,861,493 1,155,480 trade and other payables 3,737,147 2,836,493 2,422,533 Accrued finance cost 616,745 606,721 916,193

7,972,745 6,669,301 6,611,816          13,328,591 12,411,426 8,810,991 Assets

Non current assets

Property,plants and equipments 9,599,483 10,254,043 6,252,667 intangible assets 775 865 955 Biological assets 9,954 13,654 13,975 investments-related parties 901,845 603,687 1,081,722 Employes retirement benefits 12,126 8,779 Long term loans,advances and deposits 36,945 37,359 38,323

10,561,128 10,909,608 7,396,421 current assets

Biological asets 20,668 29,477 32,600 stores,spares and loose tools 83,516 100,287 115,086 stock in trade 804,951 479,944 522,007 trade debts 30,564 38,888 71,619 inevestments 295,721 248,607 Loans,advances,deposits,prepaymentsand other receiveable 299,308 462,509 324,282 cash and bank balances 1,528,456 94,992 100,369   2,767,463 1,501,818 1,414,570   13,328,591 12,411,426 8,810,991

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Profit and loss account

2015 2014

2013 Sales - net 6,578,986.00 11,356,340.00 13,507,225.00

Cost of sales 6,647,610.00 11,402,233.00 12,512,771.00

Gross (loss)/profit 68,624.00 45,893.00 994,454.00

Administrative expenses 258,743.00 323,831.00 298,792.00

Distribution and selling costs 174,258.00 313,341.00 330,387.00

Other operating expenses 44,034.00 47,356.00 117,835.00

Other income 362,513.00 351,546.00 321,385.00

(Loss)/profit from operations 183,146.00 378,875.00 568,825.00

Finance cost 238,124.00 328,328.00 438,130.00

Share of profit from associates 378,618.00 122,618.00 198,667.00

(Loss)/profit before taxation 42,625.00 584,585.00 329,362.00

Taxation

- Company 46,594.00 16,794.00 29,525.00

- Associates 53,510.00 37,430.00 32,825.00

100,104.00 54,224.00 62,350.00

(Loss)/profit for the year 142,756.00 638,809.00 267,012.00

Basic (loss)/earnings per share Rupees 2.05 9.19 3.84

Diluted (loss)earnings per share Rupees 2.05 9.19 3.55

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Balance Sheet 2015 2014 2013Equity And liabilities - - - - share capital and reserves - - - - Authorized capital - - ordinary share of rs 10 each 11% 12.09% 9.08%prefered share of Rs 10 each 4% 4.03% 5.67% 15% 16.11% 14.75%issued subcribed and paid up capitalordinary shares of Rs 10 each 5% 5.60% 7.89%Reserves 7% 8.94% 13.48%accumulated loss 17% 19.82% 21.13% 5% 5.28% 0.24%surplus on revaluion of property,plant and equipment 39% 42.69% 24.31% Non curent liabilities long term finance 0.30%liabilities against assets subject tofinance lease 0.12%Employes retirement benefits 0.07%Defrred texation 6% 8.78% 6% 8.86% 0.41%Current liabilities Current portion of long term liabilities 8% 10.99% 24.03%Short term borrowing 19% 15.00% 13.11%trade and other payables 28% 22.85% 27.49%Accrued finance cost 5% 4.89% 10.40% 60% 53.74% 75.04%Contigencies and commitments 100% 100.00% 100.00%Assets Non current assets Property,plants and equipments 72% 82.62% 70.96%intangible assets 0.01% 0.01%Biological assets 0.11% 0.16%investments-related parties 7% 4.86% 12.28%Employes retirement benefits 0.10%Long term loans,advances and deposits 0.30% 0.43% 79% 87.90% 83.95%current assets Biological asets 0.24% 0.37%stores,spares and loose tools 1% 0.81% 1.31%stock in trade 6% 3.87% 5.92%trade debts 0.31% 0.81%inevestments 2.38% 2.82%

Loans,advances,deposits,prepaymentsand other receiveable 2% 3.73% 3.68%cash and bank balances 11% 0.77% 1.14% 100% 100% 100%

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Profit Loss Statement2015 2014 2013

Sales - net100.00% 100.00% 100.00%

Cost of sales101.04% 100.40% 92.64%

Gross (loss)/profit1.04% 0.40% 7.36%

Administrative expenses3.93% 2.85% 2.21%

Distribution and selling costs2.65% 2.76% 2.45%

Other operating expenses0.67% 0.42% 0.87%

Other income5.51% 3.10% 2.38%

(Loss)/profit from operations2.78% 3.34% 4.21%

Finance cost3.62% 2.89% 3.24%

Share of profit from associates5.75% 1.08% 1.47%

(Loss)/profit before taxation0.65% 5.15% 2.44%

Taxation

- Company0.71% 0.15% 0.22%

- Associates0.81% 0.33% 0.24%

  1.52% 0.48% 0.46%(Loss)/profit for the year

2.17% 5.63% 1.98%

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Page 9: Shakarganj sugar mills limited

Balance Sheet 2015 2014 2013Equity And liabilities share capital and reserves Authorized capitalordinary share of rs 10 each 100.00% 100.00% 53.33%prefered share of Rs 10 each 100.00% 100.00% 100.00% 100.00% 100.00% 65.00%issued subcribed and paid up capitalordinary shares of Rs 10 each 100.00% 100.00% 100.00%Reserves 100.00% 123.72% 132.44%accumulated loss 100.00% 106.76% 80.82% 100.00% 92.00% 2.97%

surplus on revaluion of property,plant and equipment 100.00% 101.82% 41.17% Non curent liabilities long term finance

liabilities against assets subject tofinance leaseEmployes retirement benefitsDefrred texation 100.00% 126.09% 0.00% 100.00% 127.16% 4.18%Current liabilities Current portion of long term liabilities 100.00% 131.93% 204.73%Short term borrowing 100.00% 72.02% 44.70%trade and other payables 100.00% 75.90% 64.82%Accrued finance cost 100.00% 98.37% 148.55% 100.00% 83.65% 82.93%Contigencies and commitments 100.00% 93.12% 66.11%Assets Non current assets

Property,plants and equipments 100.00% 106.82% 65.14%intangible assets 100.00% 111.61% 123.23%Biological assets 100.00% 137.17% 140.40%investments-related parties 100.00% 66.94% 119.95%Employes retirement benefits 100.00% 0.00% 72.40%Long term loans,advances and deposits 100.00% 101.12% 103.73% 100.00% 103.30% 70.03%current assets Biological asets 100.00% 142.62% 157.73%stores,spares and loose tools 100.00% 120.08% 137.80%stock in trade 100.00% 59.62% 64.85%trade debts 100.00% 127.23% 234.32%inevestments

Loans,advances,deposits,prepayments and other receiveable 100.00% 154.53% 108.34%cash and bank balances 100.00% 6.21% 6.57%

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Page 10: Shakarganj sugar mills limited

Profit Loss Statement 2015 2014 2013Sales - net

100.00% 172.62% 205.31%Cost of sales

100.00% 171.52% 188.23%Gross (loss)/profit

100.00% 66.88% 1449.13%Administrative expenses

100.00% 125.16% 115.48%Distribution and selling costs

100.00% 179.81% 189.60%Other operating expenses

100.00% 107.54% 267.60%Other income 100.00% 96.97% 88.65%(Loss)/profit from operations

100.00% 206.87% 310.59%Finance cost

100.00% 137.88% 183.99%Share of profit from associates 100.00% 32.39% 52.47%(Loss)/profit before taxation

100.00% 1371.46% 772.70%Taxation- Company 100.00% 36.04% 63.37%- Associates 100.00% 69.95% 61.34% 100.00% 54.17% 62.29%(Loss)/profit for the year

100.00% 447.48% 187.04%Basic (loss)/earnings per share Rupees

100.00% 448.29% 187.32%Diluted (loss)earnings per share Rupees

100.00% 448.29% 173.17%

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Page 11: Shakarganj sugar mills limited

Measures ability to meet current debts with current assets. In 2015 the shakarganj sugar Mills has more ability to meet current debts with current assets rather than 2014 and 2013.

2015 2014 20130.00

0.05

0.10

0.15

0.20

0.25

0.30

0.35

0.400.35

0.230.21

Current Ratio

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The current ratio is a financial ratio that measures whether or not a firm has enough resources to pay its debts over the next 12 months. In 2015 sugar company has more ability to meet current debts with liquid current assets rather than 2014 and 2013.Asid-test ratio comes should be high is suitable

2015 2014 20130.00

0.05

0.10

0.15

0.20

0.25

0.30

0.35

0.40

0.34

0.21 0.20

Acid Test

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Indicate the extent to which debt financing is used relative to equity financing. In 2014 sugar company has ability to meet total debt with total equity rather than 2015 and 2013.Debt to equity ratio comes should be less is more suitable

2015 2014 20130.00

50.00

100.00

150.00

200.00

250.00

300.00

350.00

400.00

450.00

19.9420.63

419.10

Debt-Equity

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Shows the relative extent to which the firm is used borrowed money .In 2013 sugar company has been ability to meet total debt with total assets rather than 2015 and 2014 . Debt to total assets ratio comes should be less is more suitable

2015 2014 20130.96

0.98

1.00

1.02

1.04

1.06

1.08

1.10

1.06

1.09

1.00

Debt to total Assets

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Indicates ability to cover interest charges ,tell number of times interest is earned .In 2013 sugar company has been more able to cover interest charges rather than 2014 and 2015. interest coverage ratio comes should be high is suitable .

2015 2014 20130.00

0.20

0.40

0.60

0.80

1.00

1.20

1.40

0.77

1.15

1.30

Interest coverage

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Measures how many times the inventory has been turned over during the year ,provides insight into liquidity of inventory and tendency to overstock. In 2013 sugar company has been more able to cover receivable turnover rather than 2014 and 2015. Receivable turnover ratio comes should be high is suitable .

2015 2014 20130.00

5.00

10.00

15.00

20.00

25.00

30.00

35.00

40.00

45.00

21.9824.55

41.65

Reciveable turnover

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Average number of days receivable are outstanding before being collected. . In 2013 sugar company has been more able to cover receivable turnover in days rather than 2015 and 2014. Receivable turnover in days ratio comes should be less is suitable .

2015 2014 20130.00

2.00

4.00

6.00

8.00

10.00

12.00

14.00

16.00

18.00

16.61

14.87

8.76

Reciveable turnover in Days

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Page 18: Shakarganj sugar mills limited

Measures how many times the inventory has been turned over during the year ,provides insight into liquidity of inventory and tendency to overstock. In 2014 sugar company has been more able to cover inventory turnover rather than 2015and 2013. Receivable turnover ratio comes should be high is suitable .

2015 2014 20130.00

20.00

40.00

60.00

80.00

100.00

120.00

79.60

113.70 108.73

Inventory turnover

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Average number of days the inventory is hold before is turned into account receivable through sales . . In 2014 and 2013 has been more able to cover inventory turnover in days rather than 2015. Receivable turnover in days ratio comes should be less is suitable .constant during back two year.

2015 2014 20130.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

4.00

4.50

5.004.59

3.213.36

Inventory turnover in days

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Measures relative efficiency of total assets to generate sales. In 2013 sugar company has been more able to cover total assets turnover rather than 2014 and 2015. Total assets turnover ratio comes should be high is suitable.

2015 2014 20130.000.200.400.600.801.001.201.401.601.80

0.49

0.91

1.53

Total assets turnover

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Measures profitability with respect to sales generate ,net income per dollar of sales . In 2013 sugar company has been more able to cover Net profit margin rather than 2014 and 2015. comes should be high is suitable .

2015 2014 20130.00

0.01

0.02

0.03

0.04

0.05

0.06

0.02

0.06

0.02

Net Profit Margin

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Return on investment (ROI) is performance measure used to evaluate the efficiency of investment. It compares the magnitude and timing of gains from investment directly to the magnitude and timing of investment costs. It is one of most commonly used approaches for evaluating the financial consequences of business investments, decisions, or actions.

2015 2014 20130.00

0.01

0.02

0.03

0.04

0.05

0.06

0.01

0.05

0.03

Return on investment

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Measures power on shareholders ,book value investment. In 2013 sugar has been more able to cover Return on equity rather than 2014 and 2015.Return on equity comes should be high is suitable

2015 2014 20130.00

2.00

4.00

6.00

8.00

10.00

12.00

14.00

0.20 0.98

12.65

Return on equity

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Conclusion• In the year 2013 the company Excepted a great profit. • At the amount of 267,012.• Shakarganj Mills Limited is a truly progressive national

organization, employing qualified people with diversified background from all over the country

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