FINAL PROJECT

SERVIS INDUSTRIES LIMITED

Sector Leather & Tanneries

Kanza Atif
Submitted By Sobia Javed

Submission Date 24th June-2019

ries

9
 SE

ASSETS

NON CURRENT ASSESTS:

PROPERTY PLANT AND EQUIPMENT
INTANGIBLE ASSETS
LONG TERM INVESTMENT
LONG TERMS LOANS
LONG TERM DEPOSITS

CURRENT ASSEST
STORE SPARE AND LOOSE TOOLS
STOCK IN TRADE
TRADE DEBTS
LOANS, ADVANCES AND RECEIVABLES
TRADE DEPOSITS AND PREPAYMENTS
OTHER RECEIVABLES
TAX REFUNDS DUE FROM GOVERMENT
SHORT TERM INVESTMENTS
CASH AND CASH EQUIVALENTS

TOTAL ASSETS

LIABILITIES

NON CURRENT LIABILITIES

LONG TERM FINANCING
LONG TERM DEPOSIT
DEFFERED LAIBILITIES

CURRENT LIABILITIES
TRADE AND OTHER PAYABLES
UNCASHED DIVIDEND WARRANTS
INTEREST AND MARK-UP ACCRUED
SHORT TERM BORROWINGS
CURRENT PORTION OFLONG TERM FINANCING
PROVISION OF TAXATION

TOTAL LIABILITIES

EQUITY
AUTHORIZED SHARE CAPITAL
100,000,000 (2017:100,000,000) ORDINARY SHARES OF RS.10/- EACH
PAID UP SHARE CAPITAL
RESERVES
 TOTAL EQUITY

TOTAL LIABILITY AND EQUITY

SE

SALES-NET
COST OF SALES
GROSS PROFIT

OPERATING EXPENSES
DISTRIBUTON COST
ADMINISTRATIVE EXPENSES
OTHER OPERATING EXPENSE

OPERATING PROFIT BEFORE OTHER INCOME

OTHER INCOME
OPERATING PROFIT
FINANCE COST

PROFIT/LOSS BEFORE TAXATION

TAXATION

PROFIT AFTER TAXATION

EARNING PER SHARE

SERVIS INDUSTRIES LIMITED
ANNUAL REPORT 2018
BALANCE SHEET
2018 AMOUNT RUPEES

6,946,303
2,562
549,917
20,450
95,010

159,415
4,044,171
3,300,338
463,549
93,469
74,259
2,317,919
-
53,761

18,121,123

2,617,155
3,243
521,628

2,739,985
32,002
146,917
5,633,361
699,725
210,942

12,604,958

1,000,000

120,288
5,395,877
 5,516,165

18,121,123

SERVIS INDUSTRIES LIMITED

ANNUAL REPORT 2018
INCOME STATEMENT
2018 AMOUNT RUPEES
23,908,934
19,747,583
4,161,351

1,523,334
1,129,694
140,299
2,793,327
1,368,024
433,751
1,801,775
588,940

1,212,835
143,978

1,068,857

88.86
VERTICAL ANALYSIS

38.33
0.01
3.03
0.11
0.52

0.88
22.32
18.21
2.56
0.52
0.41
12.79

0.30

100.00

14.44
0.02
2.88

15.12
0.18
0.81
31.09
3.86
1.16

69.56

5.52

0.66
29.78
 30.44

100.00

VERTICAL ANALYSIS
100.00
82.59
17.41

6.37
4.72
0.59
11.68
5.72
1.81
7.54
2.46

5.07
0.60

4.47

0.00
2016
Total export sales 4836900 25.48%
Total local sales 14147528 74.52%

1) Sales of footwear
Export 4145549 85.71%
Local 5470748 38.67%

2) Sales of tyre and tube

Export 691352 14.29%
Local 8663011 61.23%

3) Sales of technical rubber product

Export 0 0%
Local 13768 0.10%

2017
Total export sales 5058413 24.21%
Total local sales 15839761 75.79%

1) Sales of footwear
Export 4394699 86.88%
Local 6063450 38.28%

2) Sales of tyre and tube

Export 663714 13.12%
Local 9768601 61.67%

3) Sales of technical rubber product

Export 0 0%
Local 7210 0.05%

2018
Total export sales 7300498 30.53%
Total local sales 16608436 69.47%

1) Sales of footwear
Export 6383526 87.44%
Local 4892011 29.45%
2) Sales of tyre and tube
Export 913356 12.51%
Local 11699282 70.44%

3) Sales of technical rubber product

Export 3617 0.05%
Local 17142 0.10%

2017
Sales 15496810
Local sales 15319003

Shoes and accessories

Export 72109 0.46%
Local 6063450 98.85%

Sundry article and scrap material

Slaes 105698 0.68%
SALES ANALYSIS (SERVIS)
SALES ANALYSIS (BATA)
 SERVICE INDU
ANNUAL REPORT
INCOME
2015

SALES-NET 17,544,736
COST OF SALES 14,528,670
GROSS PROFIT 3,016,066

OPERATING EXPENSES
DISTRIBUTON COST 724,425
ADMINISTRATIVE EXPENSES 789,608
OTHER OPERATING EXPENSE 164,768
TOTAL 1,678,801

OPERATING PROFIT BEFORE OTHER INCOME 1,337,265

OTHER INCOME 246,158

OPERATING PROFIT 1,583,423

FINANCE COST 316,416

PROFIT BEFORE TAXATION 1,267,007

TAXATION 321,160

PROFIT AFTER TAXATION 945,847

EARNING PER SHARE 78.63

 SERVICE IN
ANNUAL REPO
BA

ASSETS

NON CURRENT ASSESTS:

PROPERTY PLANT AND EQUIPMENT
INTANGIBLE ASSETS
LONG TERM INVESTMENT
LONG TERMS LOANS
LONG TERM DEPOSITS

CURRENT ASSEST
STORE SPARE AND LOOSE TOOLS
STOCK IN TRADE
TRADE DEBTS
LOANS, ADVANCES AND OTHER RECEIVABLES
TRADE DEPOSITS AND PREPAYMENTS
ACCOUNT RECEIVABLES
TAX REFUNDS DUE FROM GOVERMENT
SHORT TERM INVESTMENTS
CASH AND CASH EQUIVALENTS

TOTAL ASSETS

LIABILITIES

NON CURRENT LIABILITIES

 LONG TERM FINANCING
LONG TERM DEPOSIT
DEFFERED LAIBILITIES

CURRENT LIABILITIES
TRADE AND OTHER PAYABLES
UNCASHED DIVIDEND WARRANTS
INTEREST AND MARK-UP ACCRUED
SHORT TERM BORROWINGS
CURRENT PORTION OFLONG TERM FINANCING
PROVISION OF TAXATION

TOTAL LIABILITIES

EQUITY
AUTHORIZED SHARE CAPITAL

PAID UP SHARE CAPITAL

RESERVES
TOTAL EQUITY

TOTAL LIABILITY AND EQUITY

SERVICE INDUSTRIES LIMITED
ANNUAL REPORT (2015, 2016, 2017 & 2018)
INCOME STATEMENT
2016 2017 2018 YEAR TO YEAR
2015-16 2016-17 2017-18
18,984,428 20,898,174 23,908,934 8.21% 10.08% 14.41%
15,208,729 17,335,541 19,747,583 4.68% 13.98% 13.91%
3,775,699 3,562,633 4,161,351 25.19% -5.64% 16.81%

973,590 1,300,341 1,523,334 34.39% 33.56% 17.15%

983,413 1,084,215 1,129,694 24.54% 10.25% 4.19%
212,552 152,290 140,299 29.00% -28.35% -7.87%
2,169,555 2,536,846 2,793,327 29.23% 16.93% 10.11%

1,606,144 1,025,787 1,368,024 20.11% -36.13% 33.36%

99,996 357,867 433,751 -59.38% 257.88% 21.20%

1,706,140 1,383,654 1,801,775 7.75% -18.90% 30.22%

236,845 341,885 588,940 -25.15% 44.35% 72.26%

1,469,295 1,041,769 1,212,835 15.97% -29.10% 16.42%

223,808 144,954 143,978 -30.31% -35.23% -0.67%

1,245,487 896,815 1,068,857 31.68% -27.99% 19.18%

103.54 74.56 88.86 31.68% -27.99% 19.18%

SERVICE INDUSTRIES LIMITED
ANNUAL REPORT (2015, 2016, 2017 & 2018)
BALANCE SHEET
2015 2016 2017 2018 YEAR TO YEAR
2015-16 2016-17 2017-18

3,382,700 4,745,935 5,957,312 6,946,303 40.30% 25.52% 16.60%

5,640 2,720 929 2,562 -51.77% -65.85% 175.78%
323,520 373,855 521,663 549,917 15.56% 39.54% 5.42%
7,083 15,431 17,762 20,450 117.86% 15.11% 15.13%
52,152 77,956 99,393 95,010 49.48% 27.50% -4.41%

114,570 100,205 122,467 159,415 -12.54% 22.22% 30.17%

2,719,856 2,729,738 3,917,187 4,044,171 0.36% 43.50% 3.24%
1,527,479 2,483,211 2,797,402 3,300,338 62.57% 12.65% 17.98%
233,671 293,228 295,456 463,549 25.49% 0.76% 56.89%
76,719 85,769 131,883 93,469 11.80% 53.77% -29.13%
58,126 75,699 55,495 74,259 30.23% -26.69% 33.81%
1,281,956 1,384,345 1,888,736 2,317,919 7.99% 36.44% 22.72%
- 103,745 - - - - -
459,846 224,887 79,184 53,761 -51.10% -64.79% -32.11%
6,472,223 7,480,827 9,287,810 10,506,881
10,243,318 12,696,724 15,884,869 18,121,123 23.95% 25.11% 14.08%
 881,850 998,021 2,431,930 2,617,155 13.17% 143.68% 7.62%
3,665 5,268 5,258 3,243 43.74% -0.19% -38.32%
343,331 390,792 536,410 521,628 13.82% 37.26% -2.76%

3,223,831 3,259,466 2,901,932 2,739,985 1.11% -10.97% -5.58%

- - 27,774 32,002 - - 15.22%
52,986 44,362 108,065 146,917 -16.28% 143.60% 35.95%
1,662,360 3,242,870 4,520,732 5,633,361 95.08% 39.41% 24.61%
221,170 223,058 451,642 699,725 0.85% 102.48% 54.93%
251,056 148,947 154,366 210,942 -40.67% 3.64% 36.65%
5,411,403 6,918,703 8,164,511 9,462,932
6,640,249 8,312,784 11,138,109 12,604,958 25.19% 33.99% 13.17%

200,000 1,000,000 1,000,000 1,000,000 400.00% 0.00% 0.00%

120,288 120,288 120,288 120,288 0.00% 0.00% 0.00%

3,482,781 4,263,652 4,626,473 5,395,877 22.42% 8.51% 16.63%
3,603,069 4,383,940 4,746,761 5,516,165 21.67% 8.28% 16.21%

10,243,318 12,696,724 15,884,870 18,121,123 23.95% 25.11% 14.08%

400.00% 400.00% 400.00%

0.00% 0.00% 0.00%

22.42% 32.84% 54.93%
21.67% 31.74% 53.10%

23.95% 55.08% 76.91%

 Operating Performance
Servis 2017 2018
Gross Profit Margin 17.12% 17.44%
Operating Profit Margin 4.93% 5.73%
Net Profit Margin 4.31% 4.48%

Return on Investment
Servis 2017 2018
ROA 5.65% 5.90%
ROE 18.89% 19.38%

Asset Utilization
Servis 2017 2018
Inventory Turnover 5.22 4.96
Days to sell Inventory 70 74
Collection Period 130 157
Working Capital Turnover 25 22
Asset Turnover 132 132

Liquidity Ratios
Servis 2017 2018
Current Ratio 1.14 1.11
Quick Ratio 0.66 0.68

Solvency Ratios
Servis 2017 2018
Debt to Assets 70.12 69.56
Debt to Equity 234.65 228.51
Long term Debt to Equity 62.64 56.96
Servis 2017 2018
Price-to-earning 11.16 16.53
Price-to-book 3.12 2.16
Dividend Yield 2.60 3.78
Earning Yield 9.94% 9.81%
 Profitability Ratios

Bata 2017 2018

Gross Profit Margin 42.72% 44.81%
Operating Profit Margin 15.03% 14.72%
Net Profit Margin 9.84% 8.94%

Bata 2017 2018

ROA 16.01% 14.04%
ROE 21.39% 20.04%

Bata 2017 2018

Inventory Turnover 4.45 4.23
Days to sell Inventory 82 86
Collection Period 129 165
Working Capital Turnover 3 3
Asset Turnover 163 157

Risk Analysis
Bata 2017 2018
Current Ratio 3.55 2.94
Quick Ratio 1.99 1.64

Bata 2017 2018

Debt to Assets 25.17 29.94
Debt to Equity 33.64 42.74
Long term Debt to Equity 2.27 2.00

Market Measures
Bata 2017 2018
Price-to-earning 12.16 7.78
Price-to-book 3.44 2.13
Dividend Yield 5.71% 9.71%
Earning Yield 9.94% 9.81%
itability Ratios
2017
Sales-Scrap Sales= 20,810,867
2018
Sales-Scrap Sales= 23,862,690

2016
WC= 562,124
2017 2017
WC= 1,123,299 Avg. WC= 842711.5
2018 2018
WC= 1,043,949 Avg. WC= 1083624

sk Analysis

ket Measures
 2017
Sales-Scrap Sales= #REF!
2018
Sales-Scrap Sales= #REF!

2016
WC= 5320800
2017 2017
WC= 3 Avg. WC= 2660401.5
2018 2018
WC= #REF! Avg. WC= #REF!
Unqualified Report