Company Name: Aisha Steel Mills

Industry: Engineering

Balance Sheet (Rupees in thousand) 2017

Assets
Non-Current Assets
Property, Plant and Equipment 10,542,575
Intangible Assets 9,143
Long-term Investments
Long-term loans & Advances 2,673
Long-Term deposits 46,349
Deferred income tax asset 1,358,102
Investment Property

Total Non-Current Assets 11,958,842

Current Assets
Stores, spare parts and loose tools 96,298
Stock-in-Trade 3,715,962
Trade Debts 152,075
Loans and Advances
Short term deposits and prepayments 525,675
Accrued Interest
other Receivables 139,761
Short term Investments
Tax refunds due from the government 299,762
Cash and Bank Balances 861,392

Total Current Assets 5,790,925

Total Assets 18,183,865

Liabilities and Equity

Share Capital & Reserves
Issued, subscribed and paid up share capital 5,475,846
Reserves

Surplus/Deficit on revaluation of operating fixed assets 1,224,627

Total Equity 6,700,473
Non-Current Liabilities
Long-Term Financing 5,032,184
Liabilities against assets subject to finance lease 4,477
Directors' subordinated loan 40,876
Deferred Liabilities
Total Non-Current Liabilities 5,077,537
Current Liabilities
Trade and other Payables 3,561,377
Accrued mark-up 157,925
Short-Term Borrowings 2,434,916
Current portion of non-current liabilities 251,637
Provision for taxation
Total Current Liabilities 6,405,855
Total Liabilities 11,483,392
Contingencies & Commitment
Total Equity and Liabilities 18,183,865
 2016 2015 2014 2013

9,688,793 9,995,626 10,218,918 9,784,826

11,246 13,267 14,804 20,439

2,983 2,958 2,876 4,429

46,294 47,799 47,878 48,978
1,134,496 1,109,909 724,153 627,424

10,883,812 11,169,559 11,008,629 10,486,096

180,743 163,383 159,046 145,175

2,813,517 2,433,460 3,347,294 2,323,306
76,998 76,261 192,499 191,020

386,731 309,342 82,524 70,151

160 528
142,265 227,670 502,352 227,263

350,588 824,914 927,860 681,134

44,716 132,273 59,845 205,860

3,995,558 4,167,303 5,271,580 3,844,437

15,352,275 15,336,862 16,280,209 14,330,533

2,273,522 2,419,936 1,905,222 2,251,700

381,821 390,812 391,676

2,655,343 2,810,748 2,296,898 2,251,700

5,320,004 5,597,138 5,483,867 5,077,297

4,435 7,516 4,950 7,910
30,965 22,962 14,722 15,203

5,355,404 5,627,616 5,503,539 5,100,410

2,772,572 2,744,429 4,574,354 2,491,654

 196,033 264,857 284,475 583,755
3,869,538 3,876,224 3,369,179 3,030,158
503,385 10,000 10,000 888,401

7,341,528 6,895,510 8,238,008 6,993,968

12,696,932 12,523,126 13,741,547 12,094,378

15,352,275 15,336,862 16,280,209 14,330,533

Company Name: Aisha Steel Mills
Industry: Engineering

Income Statement (Rupees in thousand) 2017 2016

Rupees '000
Net Sales 14,075,876 9,634,297
Cost of Sales -11,988,484 -8,654,034
Gross Profit 2,087,392 980,263

Distribution Cost -19,386 -19,640

Administrative Expenses -187,933 -156,624
Other Expenses -65,382

Other Operating Income 16,127 24,760

Profit/Loss from Operation (EBIT) 1,830,818 828,759

Finance Cost (Interest Expense) -948,642 -1,020,580

Other Operating Charges
Other Income
Profit/Loss Before Taxation (EBT) 882,176 -191,821

Taxation 137,973 36,930

Profit/Loss After Taxation (NI after Tax) 1,020,149 -154,891

2015 2014 2013

9,491,748 9,259,027 4,341,602

-9,451,422 -9,200,260 -4,409,457
40,326 58,767 -67,855

-37,964 -35,501 -17,753

-124,032 -139,577 -156,683

5,957 1,006,538 18,712

-115,713 890,227 -223,579

-1,372,527 -1,299,141 -891,223

-1,488,240 -408,914 -1,114,802

277,418 62,247 368,965

-1,210,822 -346,667 -745,837

Cash Flow From Operating Activities 2017 2016
Rupees 000'
Cash Generated from operations 1,917,965 879,425
Finance cost paid -703,403 -763,942
Workers' profit participation fund paid
Staff retirement benefits paid -8,023 -7,672
Income tax paid -80,139 -126,524
Interest Income 3,485 3,645
Dividend Income
Decrease/(Increase) in Long-term Advances 310 -25
Increase/(Decrease) on Long-term Deposits and Prepayments -55 1,505

Net cash generated/(used in )from operating activities 1,129,885 (13,588)

Cash flow generated from investing activities

Fixed capital expenditure -256,224 -60,592

Purchase of Intangibles -235
Proceeds from disposal of property, plant and equipment 3,012 7,010
Investment property
Proceeds from long term loan- net
Long term deposits
Proceeds from disposal of investment in CSUML
Net cash used in investing activities -253,212 (53,817)

Cash flow generated from financing activities

Long term finances repaid -800,000 -10,000
Long term finances obtained 2,176,616
Net of Issuance Cost
Directors' subordinated loan obtained
Share Deposit Money Received
Lease rentals obtained
Lease finances repayments 18,298
Decrease in liabilities against assets subject to financial lease -2246 -3,466
Short term borrowings - net -1,288,417 1,038,315
Net cash generated in financing activities 85,953 1,043,147

Net increase/decrease in cash and cash equivalents 962,626 975,742

Cash and cash equivalents at beginning of the year -2,536,405 -3,475,551
Cash and cash equivalents at end of the year -1,573,779 (2,499,809)
 2015 2014 2013

-650,045 888,076 -481,652

-1,145,078 -1,251,683 -1,417,292

-3,847 -5,923 -1,518

27,680 -289,072 -233,374
5,418 5,200 13,661

-82 1,553 -397

79 1,100 -1,344

-1,765,875 -650,749 -2,121,916

-137,775 -240,603 -201,602

-1,034 - -10,594
5,228 7,995 1,693
-40,000
41,064

- 3,486
-133,581 -229,122 -209,439

-10,000 -394,200 -30,000

66,602 53,666
1,475,136

236,924 590,060

-35,354
-4,506
-316,500 500,000
1,496,384 -473,776 1,109,220

-403,072 -1,353,647 -1,222,135

-3,072,182 -1,714,238 -492,103
-3,475,551 -3,072,182 -1,714,238
Student Name
Company Name
Industry

Financial highlights of Cash Flow Statement (Rupees in thousand) 2017 2016

Net Cash generated/(used in) from operating activities

Net Cash generated /(used in) from investing activities
Net Cash generated /(used in) from financing activities

Net Increase / (decrease) in cash and cash equivalents

Cash and Cash Equivalents at the beginning of the year

Cash and Cash Equivalents at the end of the Year

2015 2014 2013
 Balance Sheet (Rupees in thousand) 2017
Assets

Property, Plant and Equipment

Intangible Assets
Long-term Investments
Long-term loans & Advances
Long-Term deposits
Deferred income tax asset
Investment Property

Total Non-Current Assets

Stores, spare parts and loose tools

Stock-in-Trade
Trade Debts
Loans and Advances
Short term deposits and prepayments
Accrued Interest
other Receivables
Short term Investments
Cash and Bank Balances

Total Current Assets

Total Assets

Liabilities and Equity

Issued, subscribed and paid up share capital

Reserves

Surplus/Deficit on revaluation of operating fixed assets

Total Equity

Long-Term Financing
Liabilities agaisnt assets subject to finance lease
Directors' subordinated loan
Deferred Liabilities
Total Non-Current Liabilities

Trade and other Payables

Accrued mark-up
Short-Term Borrowings
Current portion of non-current liabilities
Provision for taxation
Total Current Liabilities
Total Liabilities
Contingencies & Commitment
Total Equity and Liabilities
2016 2015 2014 2013
 Income Statement (Rupees in thousand) 2017 2016

Net Sales
Cost of Sales
Gross Profit

Distribution Cost
Administrative Expenses
Other Expenses

Other Operating Income

Profit/Loss from Operation (EBIT)

Finance Cost (Interest Expense)

Other Operating Charges
Other Income
Profit/Loss Before Taxation (EBT)

Taxation

Profit/Loss After Taxation (NI after Tax)

2015 2014 2013
Cash Flow From Operating Activities
Cash Generated from operations
Finance cost paid
Workers' profit participation fund paid
Staff retirement benefits paid
Income tax paid
Interest Income
Dividend Income

Net cash generated from operating activities

Cash flow generated from investing activities

Fixed capital expenditure

Proceeds from disposal of property, plant and equipment
Investment property
Proceeds from long term loan- net
Long term deposits
Proceeds from disposal of investment in CSUML
Net cash used in investing activities

Cash flow generated from financing activities

Long term finances repaid
Long term finances obtained
Directors' subordinated loan obtained
Lease rentals obtained
Lease finances repayments
Short term borrowings - net
Net cash used in financing activities

Net increase/decrease in cash and cash equivalents

Cash and cash equivalents at beginning of the year
Cash and cash equivalents at end of the year
2017 2016 2015 2014 2013
 Company Name
Industry

Balance Sheet (Rupees in thousand) 2017

Assets
Non-Current Assets
Property, Plant and Equipment
Intangible Assets
Long-term Investments
Long-term loans & Advances
Long-Term deposits
Deferred income tax asset
Investment Property

Total Non-Current Assets

Current Assets
Stores, spare parts and loose tools
Stock-in-Trade
Trade Debts
Loans and Advances
Short term deposits and prepayments
Accrued Interest
other Receivables
Short term Investments
Tax refunds due from the government
Cash and Bank Balances

Total Current Assets

Total Assets

Liabilities and Equity

Share Capital & Reserves
Issued, subscribed and paid up share capital
Reserves

Surplus/Deficit on revaluation of operating fixed assets

Total Equity
Non-Current Liabilities
Long-Term Financing
Liabilities agaisnt assets subject to finance lease
Directors' subordinated loan
Deferred Liabilities
Total Non-Current Liabilities
Current Liabilities
Trade and other Payables
Accrued mark-up
Short-Term Borrowings
Current portion of non-current liabilities
Provision for taxation
Total Current Liabilities
Total Liabilities
Contingencies & Commitment
Total Equity and Liabilities
2016 2015 2014 2013
Company Name
Industry

Income Statement (Rupees in thousand) 2017 2016 2015 2014

Net Sales
Cost of Sales
Gross Profit

Distribution Cost
Administrative Expenses
Other Expenses

Other Operating Income

Profit/Loss from Operation (EBIT)

Finance Cost (Interest Expense)

Other Operating Charges
Other Income
Profit/Loss Before Taxation (EBT)

Taxation

Profit/Loss After Taxation (NI after Tax)

2013
Cash Flow From Operating Activities 2017 2016
Cash Generated from operations
Finance cost paid
Workers' profit participation fund paid
Staff retirement benefits paid
Income tax paid
Interest Income
Dividend Income

Net cash generated from operating activities

Cash flow generated from investing activities

Fixed capital expenditure

Proceeds from disposal of property, plant and equipment
Investment property
Proceeds from long term loan- net
Long term deposits
Proceeds from disposal of investment in CSUML
Net cash used in investing activities

Cash flow generated from financing activities

Long term finances repaid
Long term finances obtained
Directors' subordinated loan obtained
Lease rentals obtained
Lease finances repayments
Short term borrowings - net
Net cash used in financing activities

Net increase/decrease in cash and cash equivalents

Cash and cash equivalents at beginning of the year
Cash and cash equivalents at end of the year
2015 2014 2013
Company Name
Industry

Financial Ratios

Liquidity Ratios Current Ratio

Quick Ratio
Inventory TO
Days Sales in Inventory
Receivables TO
Days Sales in Receivables
Receivables collection period
Days to sell inventory
Days Purchases in Accounts Payable
Accounts Payable Turnover

Profitability Ratios Return on Sales

Gross Profit Margin
Operating Profit Margin
EBITDA to Sales
Return on Assets (ROA)
Return on Equity (ROE)
Return on net operating Assets (RNOA)

Solvency Ratios Liabilities to Equity ratio

Total Leverage
Times Interest Earned

Asset Utilization & Efficiency Ratios Sales to Asset ratio (turnover)

Sales to Avg NWC
Sales to Fixed Assets turnover

Market Value Ratios Earnings per share

Price Earning Ratio
Dividend Yield
Market to Book Value
 Formula 2017 2016 2015 2014 2013

CA / CL
(CA - Inventories)/CL
CGS / Avg Inventory
Inventories/ (CGS/360)
Net Sales / Average Account Receivables
Accounts Rec./(Sales/360)
360/( Average receivable turnover)
360/ Inventory turnover
Accounts Payable/ (CGS/360)
CGS/ Avg Accounts Payable

NI / Sales
GP / Sales
EBT / Sales
EBITDA / Sales
(NI+ Interest Expense (1-Tax Rate)) / Avg TA
NI / Avg Equity
NOPAT / Avg NOA

TL / Equity
Total Debt / EBITDA
EBIT / Interest Expense

Sales / TA
Sales / Avg NWC
Sales / Fixed Assets

NI/ no. of shares

Stock Price / EPS
Dividend Per share / Stock Price
Stock Price / Book Value per Share
Average
 Percentage Change
Total Assets
Trade Debt
Stock In Trade
Property, Plant and Equipment
Short Term Investments
Long Term Investments
Total Liabilities
Long Term Financing
Short Term Financing
Equity
Sales
COS
Total Operating Expenses
NI

Trend Percent 2017

Total Assets
Trade Debt
Stock In Trade
Property, Plant and Equipment
Short Term Investments
Long Term Investments
Total Liabilities
Long Term Financing
Short Term Financing
Equity
Sales
COS
Total Operating Expenses
NI
2016 2015 2014 2013
Additional Data
2017 2016 2015
Net Working Capital (CA -CL)
Average NWC
Operating Assets
Operating Liabilities
Net Operating Assets
Average NOA
Total Inventory = Stock in Trade + Stores, Spare parts
Average Inventory
Average Receivables
Average Total Assets
Average Equity

Market Stock Price (closing date)

Market Value of Equity
Lease payments
Loan repayments (current portion of long term debt)

Cash to Curren Assets Ratio

Cash to Current Liabilities Ratio
Free Cash Flow
Cash Flow Adequacy Ratio
Cash Reinvestment Ratio

Net Financial Obligation (NFO)

Net Financial Expense (NFE)
LEV
Net Borrowing Cost NBC
Spread
ROE computed
NFR
RNOA
ROCE

Additional Information for Income Statement

2016 2015
Dividend Per Share
Depreciation
Ammortization
EBITDA
NOPAT
RNOA
2014 2013

2014 2013