Ibf Report Ibl Healthcare

8/7/2019 Ibf Report Ibl Healthcare

http://slidepdf.com/reader/full/ibf-report-ibl-healthcare 1/28

FINANCIALANALYSIS

IBL HEALTHCARELTD

SUBMITED BY:MANOJ KUMAR TILWANI

SP10-BB-0032

SUBMITIED TO:FAISAL AZIZ

APRIL/ 22/ 2011

IBF SECTION ‘C’

MOHAMMAD ALI JINNAH UNIVERSITY 1



.Acknowledgment:

I am thank full to Almighty Allah, my Parents, & teachers who gave me made me

able, and motivated me in every field of life. I will never ever be able to forget the sacrificesof my parents they’ve made for me and for my educational career.

I am also very much thankful to my respected teacher for providing proper

required knowledge and motivation, and my colleges and relatives for their unflinching

support.

Dr. Mohan Tilwani

Faisal Aziz

Waqas Khan

Raazia Abdi

Hira Abdul Rawoof

Hamza Khan




Content:

S: No Description Page No

1. Vision Statement 4

2. Mission Statement 5

3. Corporate information 6

4. Financial Ratios 2010 7

5.Interpretation 11

6. Time Series Analysis 15

7. Cross Sectional Analysis 18

8. Internal Growth rate & Sustainable growth rate 21

9. Profama statements 23

10. Conclusion 27

11. Readers Comments 28




To become the leading health care

products and service providers of Pakistan.




We are committed to contribute in the betterment of society by providing a versatile range of health care and nutrition

products. We aim to grow by relentlessly providing better products

and services to our customers, better returns to our stakeholders

and a better quality of life to the employees.




Corporate information

BOARD OF DIRECTORS

CHAIRMAN

& Mr. Rashid Abdulla

CHIEF EXECUTIVE OFFICER

DIRECTORS: Mr. Khalid MalikSyed Nadeem AhmedMr. Munis AbdullaMr. Zubair PalwalaMr. Asad AbdullaMr. Ayaz Abdulla

AUDIT COMMITTEECHAIRMAN: Mr. Asad AbdullaMEMBERS: Mr. Khalid Malik

Mr. Zubair PalwalaCOMPANY SECRETARY &CHIEF FINANCIAL OFFICER: Mr. Mobeen AlamBANKERS: . Silk Bank Ltd.

National Bank of Pakistan Ltd.Habib Bank Ltd.The Royal Bank of Scoltand.National Bank of Pakistan




Standard Chartered Bank (Pakistan).AUDITORS: Baker Tilly Mehmood Idrees Qamar & Co

LEGAL ADVISOR: Mohsin Tabebaly & CoREGISTERED OFFICE: 9th Floor, NIC Building, Abbasi

Shaheed Road, Karachi

INTERPRETATION

OF




RATIOS

RATIOS ANALYSIS OF 2010

WORKING CAPITAL :

Working Capital= Current Assets - current Liabilities

Working Capital= 188943000-123275000

Working Capital= 179981000

CURRENT RATIO:

Current Ratio = Current Assets / Current liabilities

Current Ratio = 188943000/123275000

Current Ratio = 1.64

QUICK RATIO:






Assets turn over = 475248000/ 371393000

Assets turn over = 1.28

PRICE EARNING RATIO:

Price earning ratio = Market Price / Earning Per share

Price earning ratio = 11.49 / 0.45

Price earning ratio = 25.533

RETURN ON TOTAL ASSETS:

Return on total assets = Net income / Total assets x 100

Return on total assets = 9093000 / 371393000 x 100

Return on total assets =2.44%

GROSS PROFIT MARGIN:

Gross profit Margin = Gross Profit / Net sales x 100

Gross profit Margin =113074000 /475248000 x 100

Gross profit Margin = 23.79%

OPERATING PROFIT MARGIN:

Operating profit Margin = Operating profits / Total sales x 100

Operating profit Margin = 14481000 / 475248000 x 100

Operating profit Margin = 3.04%

NET PROFIT MARGIN:

Net profit Margin = Net Profit / Net sales x 100

Net profit Margin = 9093000 / 475248000 x 100

Net profit Margin = 1.91 %




TIMES INTREST EARNED RATIO:

Times Interest Earned Ratio =EBIT / Interest

Times Interest Earned Ratio = 14481000/450000

Times Interest Earned Ratio = 32.18

AVERAGE COLLECTION PERIOD:Average Collection period= Accounts Receivable / Av: Sales per day

Average Collection period=33558000 / 1302049.315

Average Collection period=25.77

INTERPRETATION OF




RATIOS

CURRENT RATIO

INTERPRETATION:Current ratio measures a firm’s ability meet its short term obligations. It shows

the relationship between current assets and current liabilities.

Here current ratio is 1.64 times. it means that company’s current assets are 1.64

times more than that of its currant liabilities.

QUICK RATIO:

INTERPRETATION:

Quick ratio measures a firm’s ability meet its short term obligations. It shows the

relationship between quick assets and quick liabilities.

In this company quick ratio is 0.66 times. it means that company’s quick assets

are 0.66 times more than that of its quick liabilities.




TIME INTEREST EARNED:

INTERPRETATION:

Time interest earned indicates that how many times a Company can pay its

finance cost from its operating profit.

In this company time interest earned ratio is 32.18 times from its operating profit

AVERAGE COLLECTION PERIOD:

INTERPRETATION:

AVG collection period indicates that after how many days the company converts

its account receivable into cash.

In this company Avg collection period is 25.773 days. It means that the company

converts its accounts receivables in 25.773 days.

INVENTORY TURNOVER:INTERPRETATION:

Inventory turnover indicates that how many times a company converts its

inventory into sales or cash.

In this company, the inventory turnover is 5.925 times. It means the company

converts its inventory 5.925 times into sales a year.

TOTAL ASSET TURNOVER:

INTERPRETATION:

Total assets turnover indicates that after how many times the total assets of its

own worth generate revenue.

In this company, the total asset turnover is 1.28 times. It means that a company’s

total assets generate revenues 1.28 times of its own worth.




GROSS PROFIT MARGIN:

INTERPRETATION:

Gross profit margin show’s the relationship between gross profit and net sales. It

is a percentage of gross profit based on the value of net sales.

In this company, gross profit is 23.79% It means that company generates 23.79%

gross profit based on the value of net sales.

RETURN ON ASSETS:

INTERPRETATION:

Return on asset shows the relationship between net profit and total assets. It is

percentage of net profit based on the value of total assets.

In this company, return on assets 2.44%. It means that company generates

2.44% profit based on the value of total assets.

RETURN ON EQUITY:

INTERPRETATION:

Return on equity shows the relationship between net profit and total

shareholder’s equity. It is percentage of net profit based on the value of total

shareholder’s equity.

In this company, return on equity is 3.66%. It means that company generates

3.66% profit based on the value of total shareholder’s equity.

NET PROFIT MARGIN:

INTERPRETATION:

Net profit margin show’s the relationship between net profit and net sales. It is a

percentage of net profit based on the value of net sales.




In this company, net profit 1.91%. It means that company generates 1.91% net

profit based on the value of net sales.

OPERATING PROFIT MARGIN:

INTERPRETATION:

Operating profit margin show is the relationship between operating profit and

net sales. It is a percentage of operating profit based on the value of net sales. In this company, operating profit margin is 3.04%. It means that company

generates 3.04% operating profit margin based on the value of net sales.

Time Series

Analysis




TIME SERIES ANALYSIS OF 2008, 2009 &

2010





IBL Health Care

Time Series Analysis

RATIOS 2008 2009 2010 Interpretation

CURRENT 2.71 2.77 1.64 Worse

QUICK 1.39 1.6 0.66 Worse

INVENTORY TURN OVER 6.61 4.88 5.925 OK

AVERAGE COLLECTION 65.28 56.72 25.77 Worse

AVERAGE PYMENT

TOTAL ASSETS TURN OVER 1..71 1.21 1.28OK

DEBT RATIO

TIME INTREST EARNED RATIO 7.485 -12.48 32.18 Better

GROSS PROFIT MARGIN 16.65 9.38 23.79% Better

OPERATING PROFIT MARGIN 3.04%

NET PROFIT MARGIN 2.48 -4.71 1.91%Worse

EARNING PER SHARE 0.79 -0.98 0.45OK

RETURN ON TOTAL ASSETS 4.24% -5.69% 2.44% Worse

RETURN ON COMMON EQUITY 6.11 -8.18 3.66% Worse

PRICE EARNING 14.544 11.724 25.533 Better

MARKET BOOK

CASH RATIO

FIXED ASSET TURN OVER



Cross Sectional

Analysis




Cross Sectional Analysis






INTERNAL

&

SUSTAINABLEGROWTH RATES

2010

Internal Growth Rate 2010




Internal Growth Rate = RoA x b / 1-(RoA x 100)

RoA = Net income / Total Assets

RoA =

RoA= 0.022

Sustainable Growth Rate 2010

Sustainable Growth Rate = RoE x b / 1 – (RoE x b)




PROFORMA

STATEMENT

IBL HEALH CARE LTD.

BALANCE SHEET




FOR THE YEAR ENDED JUNE 30, 2011

IBL Health Care

Proforma Blance Sheet

for the year of 2011 (000)

cash 29728.05 account payable 119437.4

marketable securites 115470.23 taxes payable 0

account receivable 34832.89 notes payable 0

inventory 63447.18 other current liabilities 265.72

other current assets 16089.89

total current assets 259568.24 total current liabilities 119703.2

long term debts 8255.13

sockholder's equity

common stock 200000

net fixed asset 189381.4 retain earning 49946.03

TOTAL STOCK EQUITY 249946

external financing required 71045.34

total assets 448949.64total laibilities and stock

equity 448949.7

IBL HEALTH CARE LTD.

INCOME STATEMENT




FOR THE YEAR ENDED JUNE 30, 2010

IBL Health Care

Proforma Income Statement

for the year of 20122009 2011

Revenue 414882 493303

Cost of sales-

375986 -375933.2406

Gross profit 38896 117369.7594

Selling and distribution expenses -33380 -86703.36243

Adimnistration expenses -6290 -9184.141636

Amortization of intangable assets -8700 -9030.519013

-48370 -104918.0231

other operating income 1803 2579.406868

operating profit/(loss) -7671 15031.1432

finance cost -668 -467.095811

profit before tax -8339 14564.04739

taxation -11216 -5125.598033

net profit -19555 9438.449355




Cash Dividend:

Cash Dividend: Net Income – Difference of Equity

Cash Dividend: 89343081- 1031511555.5

Cash Dividend :( 942168424.5)

CONCLUSION




Conclusion:

The Company Tata Textile Limited has on the fastest growing company in

the Pakistan the company has current position is excellent compare to the

past year and the company is going well in leader ship and company has

increase his performance to the last year and the company has produce high

quality of yarn for high quality product




Reader’s Comments

___________________________________

___________________________________

___________________________________ ___________________________________

___________________________________

___________________________________

___________________________________

___________________________________ ___________________________________

___________________________________

___________________________________

___________________________________

___________________________________ _____________

MOHAMMAD ALI JINNAH UNIVERSITY

Documents

Ibf Report Ibl Healthcare