dewan khalid report (2003)

8/6/2019 Dewan Khalid Report (2003)

1/54

BALANCE SHEET

BALANCE SHEET AS AT JUNE 30,2009

Equity And Liabilities

CAPITAL & RESERVES

Authorised

15,000,000 ordinary shares of Rs. 10/- each

Issued, subscribed & Paid-up Capital

General Reserves

Impairment loss on investment to be charged in futureunrealize gain due to change in fair value of investment

Reserves and surplus

shareholder Equity

Non- Current Liabilties

Longterm Loan - secured

Deffered Liabilties

provision for staff gratuity

Deffered taxation

Current Liabilties

trade and other payables

markup accrued on loans

short term borrowings

current portion of long term loans

provision for income tax

Contigencies & Comitments

Assets

Non-current assets

tangible fix assets


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long term investments

long term deposits

Current assets

store,spares & lose tools

stock-in trade

trade debtsloan and advances

trade depositis

other receivable

income tax refunds and advances

cash & bank balances


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Notes

4

13

5

6

7

8

9

5

10

11

12


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13

14

15

1617

18

19


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ANNUAL REPORT 2009

June 30,2009(Rupees)

150,000,000

56,824,590

135,000,000

(8,612,911)0

(90,995,500)

92,216,179

0

9,488,242

35,362,71844,850,960

359,573,161

31,104,348

377,466,860

4,000,000

8,071,123

780,215,492

917,282,631

283,608,886


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47,774,177

72,900

8,801,007

316,757,698

197,640,3588,623,355

26,204,676

14,222,044

11,280,574

2,296,956

585,826,668

917,282,631


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PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED JUNE 30,2009

Sales- Net

cost of sales

Gross (loss/profit)

Operation Expenses

Distribution cost and selling expense

adminsitrative and general expenses

Operating Loss

finance cost

adjustment on impairment loss on investment

tax before taxation

Taxation

current

piror

deffered

loss after taxation

(loss)/ Earning per share - basic


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Note

20

21

22

23

24

10

7.1

25


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ANNUAL REPORT 2009


652,200,910

(660,706,196)

(8,505,286)

(17,472,847)

(27,796,594)

(45,269,441)

(53,774,727)

(45,671,621)

(99,446,348)

(8,612,911)

(108,059,259)

10,136,913

3,990,574

14,127,487

(93,931,772)

(17)


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CASH FLOW STATEMENT


Cash flow from operating activities

loss before taxation

admjustment for non cash & other items:

depreciation

impairment loss

provison for gratuity

finacial expenses

Working capital changes

(increased)/decrease in current assets

stores,spares and lose tools

stock and trade

trade debt

loans and advances

trade depositis prepaymenyts

other ecivable

increase/decrease in current liabilties

trade and other payable

tax paid

gratuity paid

Net cash inflow/outflow from operating activities

cash flow from investing activitiesfixed capital expenditure

Net cash inflow/outflow from investing activities

Cash flow from Financing activitieslong term loan secured

financial expenses paid


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net cash inflow/outflow from financing activities

net increase in cash & cash equilent

cash & cash equilent @ beginning

cash & cash equilent @ end


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Notes


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ANNUAL REPORT 2009


(108,059,260)

26,778,878

8,612,911

4,432,903

45,671,622

85,496,314

(22,562,946)

301,981

49,450,423

(89,697,831)

1,987,829

(12,040,311)

(2,774,475)

135,467,013

82,694,629

(3,140,010)

(3,752,112)

(6,892,122)

53,239,561

(20,313,263)

(20,313,263)

(16,000,000)

(27,629,053)


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(43,629,053)

(10,702,755)

(364,467,149)

(375,169,904)


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STATEMENT OF CHANGES IN EQUITY

Share Cpaital

Balance as july 01,2007 56,824,590

Loss after tax

Deficit du to change in investment

Balance as june 30,2008 56,824,590

Loss after tax

Impairment in value of investmentDeficit in fair value of investment

Impairment loss charged to P&L

Balance on June 30,2009 56,824,590


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Genneral reserves Unrealized Gain to change ion fair value investment

135,000,000 275,552,408

(180,767,154)

135,000,000 94,785,254

(94,785,254)

135,000,000 0


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ANNUAL REPORT 2009

Imapirment loss on available sale Unappropiate profit Total

102,585,764 569,962,762

(99,649,490) (99,649,490)

(180,767,154)

2,936,274 289,546,118

(93,931,773) (93,931,773)

(17,225,822) (17,225,822)(94,785,254)

8,612,911 8,612,911

(8,612,911) (90,995,499) 92,216,180


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4)

5)

6)

6.1)

6.2)

6.4)


20/54

7)

7.1)

8)

9)

10)

10.1)


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10.2)

12)

12.1)

12.2)


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13)

14)

15)

16)

16.1)

17)

18)

19)

20)


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21)

21.1)

22)


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23)

24)

25)


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NOTES TO THE ACCOUNTS


Issued,subscribed and Paid-up Capital

No. of ordinary shares of Rs. 10/-

2,009

1,800,000

3,882,459

5,682,459

Long term loan- secured

balanace @ the beginning

less: installment due with 12 months

Provision for staff gratuity

balance @ beginning

payments during the year

provison for the year

balance sheet reconcilation

present value of the definite benefit obligation

less: unrecognized acturial loss

charge for the year

service cost

interest cost

the charge for te year has been aloocated as

cost of sales

admin expenses


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Defferred taxation

liability for deffereed taxation

deffrered tax liability arising due to accelrated tax dep.

deffered tax assets arissing out of staff gratuity

In 2009. company net deffrerd tax position

balance @ beginning

increase in deffered tax liabilty

decrease in deffered tax assets

charge to income for the year

Trade and other payables

creditorsaccrued expenses

unclaimed dividend

workers welfare funds

short term borrowings-secured

short term running finance

short term loan

book overdraft

Provision for taxation

balance @ beginning

add: provision for taxation

current period

Relationship between income tax & accounting profit

accounting profit as per account

applicalbe tax ratetax payable on accointing profit

tax effect on tiiming difference on dep.

tax effect of export subject to tax separly

tax effect of expenses/provsion that are not deucatable

tax payable under normal sale rules


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Minimum tax payable under income tax ordinance 2001

tabgible fixed assets

property,plant and equipmentCapital work-in-progress

Owned

lease hold land

factory buliding

non-factory bulidinglabour qarters

plant & machinery

generators

electric intallation

power house

factory and office equipment

vehicles

furniture and fixtures

Subtotals

June 30,2009

Allocation of depreciation

depresiation for the year has been located

cost of sales

admin and general expenses

Capital work-in-progress

plant & machinery

building & civil works


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Long term investment

shares in dewan salman fiber limited

32279849 @ Rs. 10/- each (include 25779849)

deficit due to change in fair value of investment

Stores,Spares & loose tools

stores and spares

packing material

Stock in trade

Raw material

Work-in-progress

Finished goodswaste

Trade Debt- Considered Goods

local receivable- unsecured

the aging of Debtors @ the reporting adte were:

upto 1 month

1 to 6 monthmore than 6 months

Loans & advances-unsecured,considered goods

advance agaisnt supplier

loans & advances to employe

Trade deposits,prepayments and statutory balances

Deposits

Sales tax receivable

Cash & bank Balances

Cash in hand

Cash @ bank

Sales- Net

Yarn

-local


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-export

waste

Gross Sales

Commision

-on local sale

-on export sale

Cost of sales

raw material (consume)

packing material

stores and spares consuem

fuel and power

salaries wages and other benefit

iunsurancevehicle exp

reair maintanance

rent rates and taxes

depreciation

work in proces (opening)

work in proces (closing)

cost of goods manufactured

finished goods (opening)

purcahse of yarnfinished goods (closing)

Raw material consumed

opening stock

purchase net

closing stock

raw material consumed

Distribution cost & nselling expenses

advertisement publicity

cartage frieght and octroi

disribution expenses

export expenses


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Administrative and general expenses

salaries,allowances and other benfit

rent,rate and taxes

travelling conveynce

printing and stationary

communicationvehicles expenses

legal and professioanl charges

fees and subscription

other expenses

depreciation

auditors rummenaration

donation

Finance cost

marku-up and lon term loansmarku-up and short term borrowing

bank charger and commison

Earning per share - basic

profit after taxation

weightage avarage number of ordinary shares

eraning perr share basics


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fully paid in cash

issued as fully paid capital


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As @ july 1,2008 Additional As @ june 30,209

1,651,808 1,651,808

37,990,890 37,990,890

11,652,333 11,652,3338,338,425 8,338,425

373,267,028 8,197,146 381,464,174

78,186,466 78,186,466

5,760,815 5,760,815

27,658,382 27,658,382

4,740,693 19,330 4,760,023

29,442,898 14,900 29,457,798

6,206,085 77,996 6,284,081

584,895,823 8,309,372 593,205,195

24,702,741

2,076,137

26,778,878

2,009opening balance auditing during year transfer to fix asset

11,736,189 - -

25,590,975 12,003,891 -

37,327,164 12,003,891


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ANNUAL REPORT 2009

Note June 30,2009

(Rupees)

18,000,000

38,824,590

56,824,590

4,000,000

4,000,000

0

8,807,451

(3,752,112)

5,055,339

6.2 4,432,903

9,488,242

8,627,044

861,198

9,488,242

3,148,035

1,284,868

4,432,903

3,936,726

496,177


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4,432,903

38,683,603

(3,320,885)35,362,718

39,353,292

(3,735,412)

(255,162)

(3,990,574)

35,362,718

339,534,87019,703,550

334,741

-

359,573,161

275,440,844

98,131,262

3,894,754

377,466,860

65,856,092

(57,784,969)

8,071,123

(108,059,260)

0(37,820,341)

712,393

-

2,864,755

(34,243,193)


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3,273,605

12.1 234,277,83112.2 49,331,055

283,608,886

As @ july 1,2008 Depreciation As @ june 30,2009

- - -

18,424,908 1,956,598 20,381,506

3,323,954 832,838 4,156,7928,330,492 1,983 8,332,475

212,200,395 16,835,182 229,035,577

43,594,847 3,459,162 47,054,009

5,615,339 21,821 5,637,160

14,192,009 1,346,637 15,538,646

2,264,280 248,518 2,512,798

20,195,395 1,855,566 22,050,961

4,006,867 220,572 4,227,439

332,148,486 26,778,877 358,927,363

clsoing

11,736,189

37,594,866

49,331,055


40/54

65,000,000

(17,225,823)

47,774,177

6,819,740

1,981,267

8,801,007

18,555,308

5,337,309

285,664,7337,200,348

316,757,698

16.1 197,640,358

197,640,358

96,843,775

69,174,12531,622,458

197,640,358

4,061,530

4,561,825

8,623,355

17,100,409

9,104,267

26,204,676

493,127

1,803,829

2,296,956

637,456,857


41/54

0

17,264,205

654,721,062

(2,520,152)

0

(2,520,152)

652,200,910

21.1 462,769,269

12,102,388

8,799,073

62,511,061

75,978,303

3,743,000844,312

507,325

5,295,735

12.1 24,702,741

657,253,207

10,847,969

(5,337,309)

662,763,867

290,040,410

767,000(292,865,081)

660,706,196

65,319,741

416,004,836

481,324,577

(18,555,308)

462,769,269

77,395

11,552,910

5,842,542

0

17,472,847


42/54

9,576,158

0

4,067,558

355,578

912,4542,859,604

1,272,050

638,640

5,210,415

12.1 2,076,137

300,000

528,000

27,796,594

2,264,75141,331,667

2,075,203

45,671,621

(93,931,773)

5,682,459

(17)


43/54


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45/54

Written Down Value

1,651,808

17,609,384

7,495,5415,950

152,428,597

31,132,457

123,655

12,119,736

2,247,225

7,406,837

2,056,641

234,277,831


46/54


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48/54


49/54

FINANCIAL ANALYSIS


Current Ratio

Quick Ratio

Inventory turnover

Average collection period

ACTIVITY

Total asset turnover

DEBT

Debt Ratio

PROFITABILITY

Gross Profit Margin


50/54

Operating Profit Margin

Net Profit margin

Return On Total Assets


51/54

current assets 585,826,668

current liabilities 780,215,492

current asstes - inventory 269,068,970

current liabilities 780,215,492

cost of goods 652,200,910inventory 316,757,698

accounts receivable 8,623,355

average sales per year 1,786,852

sales 652,200,910

total assets 917,282,631

total liabilities 825,066,452


gross profit (660,706,196)

sales 652,200,910


52/54

operating profit (53,774,727)

sales 652,200,910

earning available for common stock (93,931,772)

sales 652,200,910

earning available for common stock (93,931,772)



53/54

= 0.75

= 0.34

= 2.06

= 4.83

= 0.71

= 0.9

= ###


54/54

= -0.08

= -0.14

= -0.1

dewan khalid report (2003)

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