Presented By ABDUL NAVEED KHASKHELI

Dadabhoy Institute of Higher Education Program : MBA-Finance Semester : Spring 2014Subject : Financial Management Project : Financial Analysis Faculty : Sir Rehan Rao

FOUNDER :: Haji Ali Mohammad HEAD- QUARTERS :: Karachi –

Pakistan PRODUCT :: Fabrics , Bedding Yarn , Apparel , Accessories EMPLOYEES :: more than 8000 DIVISIONS :: IDEA’S by GUL AHMED

Incorporated in 1953 in Pakistan as a private limited company,

Converted into public limited company in 1955

Listed on Karachi and Lahore Stock Exchanges

in 1970 and 1971 respectively.

DEALS IN MANUFACTURING OF :: Fashion fabrics & apparel

Home textiles , Curtains & Beddings Combed & carded yarn for knitting

Leadership in national & international market Through its Premium Quality, Brand equity & Unshakeable Customer Loyalty.

GOVERNMENT EMPLOYEES CUSTOMERS SUPPLIERS COMMUNITY TRADE UNIONS OWNERS

LITE Development and Management Company

Statutory body established under section 42 of the companies ordinance 1984, is a public private partnership concern responsible for development infra structure in Landhi Industrial Area

These all Companies Head unite to make single MEMO & ARTICLE OF

ASSOCIATION

Accounts for the year ended June 30, 2013

• On June 30, 2013 the Company has 2,160 shareholders.

Gul Ahmed financial performance is assessed mainly by improvement in the shareholders stake, which is the result of profits earned by the Company, market penetration in terms of sales and liquidity. Key performance indicators (KPI’s) which we monitor are:

Net assets of the company have increased by 21%. Trade debts have increased by 24% mainly due to the increase in sales. Fixed assets have increased by 4.4% mostly due to the

addition of new machinery in our production facilities

Shareholders equity has almost doubled to Rs. 5,428 million as compared Rs. 2,762 million in FY 2008.

Property, plant and equipment have increased by Rs. 1,304 million to Rs. 7,132 million over the six years period. Capacity

has increased and latest state of the art machinery has been inducted.

Over the last six years, net sales grew by 158% from Rs. 11,726 million in FY 2008 to Rs. 30,202 million in FY 2013. The

growth has more than doubled in the last six years. Local Sales and Export Sales have increased both in volume and price

Finance cost as percentage of sales has gone down to 4.1% in FY2013 from 6.3% in FY 2008.

Profit after tax in FY 2013 has increased to Rs. 704 million as compared to Rs. 103 million in FY 2008. Earnings per share

now stand at Rs. 4.84 versus Rs. 0.93 in FY 2008. During the six year period Company has paid 22.5% cash

dividend and issued 100% bonus shares. In addition for the FY 2013 20% bonus shares have been proposed, taking the total

bonus issue 120%.

The Company is committed for capital expenditure as at June 30, 2013 of Rs. 410 million (2012: Rs. 197 million).

12.8 The Company is committed for non capital expenditure items under letters of credits as at

June 30, 2013 of Rs. 579 million (2012: Rs. 374 million)

12.9 The Company is committed for minimum rental payments for each of following period as follows: