din textile mills
TRANSCRIPT
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Din Textile
MillsFinancial Report
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Contents
Company Information For Stockholders
Financial Summary
Financial Statement
Projected Financial Statement
SWT !nalysis " MICR
SWT !nalysis " M!CR
Recommendations
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Company Information
Din Textile has #een constantly stri$in% to achie$e excellence and %enerate hi%hest
stakeholder s&
Toda y Din Textile holds an unchallen%ed position at forefront of industry' (ithin the o$erseas for its %round#reakin% de$elopments and inno$ati$e products line'
Din Textile has %ained immense trust for deli$erin% superior )uality products for exccustomer expectations&
This is a testimony to Din*s un(a$erin% commitment to total satisfaction of its custo
+nder the dynamic leadership of the ,roup and stron% -uman Resource' Din Textile founded in /012 and in a $ery short time #ecome an icon for the spinnin% industry in
With four state3of 3the3art spinnin% units and / dyein% unit located at Chunian and .a/445 o(n su#sidiary Ihsan Rai(ind Mills 6P$t&7 .td& ha$in% Consolidated annual prodyarn 8/&04 million 9%s6 Din *s :;&11 million k%s and Ihsan< s =&4/ Million k%s&7 and dy
>arn :&1: million 9%s&
With a consolidated annual turno$er of Rs& 1&8/ #illion' today Din Textile Mills .td& ememployees& Din*s aims to create superior $alue for our customers and stakeholders (
compromisin% on commitments to safety' en$ironment' health' and other social respcommunities in (hich (e operates&
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For Stockholders
FINANCIAL RESULTS
Year Ended
2013
In 000 I
Proft & Lo !"2#3$$1#%
Proft & Lo ater ta' $33#%"1
(%%
,-.-dend or t/e ear 20102011 R 2 ()0
Proft Carr-ed For4ard1#%*%#02
$!"
Earn-n5 6 Lo Per /are 3"!! (3
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7PERATI7NAL
PERF7R8ANCEYear Ended June 30
2013
In 000
2012
In000
In96(,e9+
:a5e
Tota; Net Sa;e *#2%!#3$) $#3"*#)*! 12$"
Lo9a; Net Sa;e 1#))0#)%* )#)**#"2" (%$!1+
E'ro Proft 6 (Lo+ 1#3*$#2%1 (20"#0"$+ $$%"2
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S!.I@AT F@!T+R@S F T-@ !CC+ATIA,
R@S+.T>ear @nded Bune 84
2013
In 000
2012
In000
Sa;e*#2%!#3$
)
$#3"*#)*
!
Cot o Sa;e(%#!0!#1
13+
($#"%3#"
)%+
>ro Proft 6 (Lo+1#3*$#2
%1
(20"#0$"
+
,-tr-?ut-on Cot(112#%3)
+
(1)1#1*)
+
Ad=-n-trat-.e E'
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Financial Summary
Challen%es imposed #y the local and %lo#al economy&
It has comprehensi$e plans on mana%in% the future %ro(th of compakeepin% a#reast (ith the en$ironment and the stake holder*s expect
The nancial performance of your company for the years :4/:3/8 reperformance as it sales re$enue and prot #efore taxation sur%ed to #illion 6 F> :4//3/: Rs& 2&8=1 #illion7 and Rs& 18E&E4= million 6 F> :4Rs& 188&10= million7 exhi#itin% %ro(th of /:&1/5 and :44&4;5 respe
These increase primarily dri$en #y #est mana%ement of (orkin% capproduction capacity' and producin% #est )uality $alue added product
n%oin% cost sa$in% and controllin% initiati$es (ere taken to particune%ati$e impact of escalatin% input costs&
Din Textiles is committed to enhancin% its* product #ase #y di$ersifyi
cost hi%h )uality products (ith hi%h nancial returns&
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Financial Summary " Cont&G
That (e #elie$e in People Planet and Prots 6Three PPP*s7& Cost of sale reduced #y 1&=0
#illion in year :4/:3/8 (here it (as 2&=;8 #illion in year :4//3/:& The reduction in coststa#ility in the cotton rate in local as (ell as in international market&
Company made considera#le eorts and moti$ati$e measure to promote a cost consciocompromisin% on )uality of (ork and product in all facts of the #usiness (ith decrease distri#ution cost' increase of 0&425 in administrati$e expenses and decrease of :;&8/5as compare to the %ure of pre$ious year&
The decrease of nance cost is mainly due to #est mana%ement of (orkin% capital andprocurement' decrease in distri#ution cost is due to the #etter ne%otiation in prices of
means of distri#ution in spite of increase in oil prices and lo%istics rates& While increascost is due to continuous increase in minimum (a%e rate and inationary economic co
Durin% the F> :4/:3/8 the company*s cash o( from operation after (orkin% capital chpayment of income tax' nance cost' WPPF and sta retirement #enets sho(s short famillion& !fter adjustment of in$estment and nancin% acti$ities of Rs& 0:&:2/ and E1/&Ecompany cash and cash e)ui$alent at the end of year sho(s an amount of o$erdra(n R
In $ie( of the sta#le nancial result rendered #y the company for the year :4/:3/8' thdri$in% for(ard their nancial performance helpin% to sustain lon% term %ro(th and de
leadin% return to the stakeholders in future&
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Financial Statements " Six >ears at a %lan
YEAR EN,E, JUNE 30
:4/8 :4/: :4// :4/47
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Financial Statements " Six >ears at a %lan
YEAR EN,E, JUNE 30
:4/8 :4/: :4// :4/4FINANCIAL P7SITI7N@ Reser$es :'40;'E4E /'8;:'2=8 :'428'442 /':22':E; 0Current !ssets E'=42'48; :'=//'/=; 8'02='/E1 /'28E'2=:
Current .ia#ilities 8'/40'2E; :'801'11/ 8'48/'08: /';0/'=8;/
Aet Current !ssets H 6.ia#ilities7 /'802':04 //:':2= 0E8':/; E8':/;Property Plant J @)uipment /';8='=8: /';0=';1= /';82'/E/ /';24'/;:
Total assets;'8E/'028 E'8;/'0;; =';:=';:0 8'E/2'E1: 8
.on% Term De#t 6except Director .oan7 /'4=0'208 =21'88: 8E/'8/4 :;:'E:EShareholders* e)uity :'844':81 /'=;;'=12 :':2;'1E4 /'E;:'=E0Capital @mployed 8':8:'::2 /'0;8'41= :'=08';02 /'2:='0E2
Share Capital :48'18E :48'18E:48'18E
/1='848
reakup $alue per share Rs& //:&1= 2;&1; ///&24 21&08=
F-nan9-a; Rat-o@
Current ratio Times /&E= /&4= /&8/ /&48.on%3Term De#t to CapitaliKation 5 18&12 28&0E ;:&;/ =1&;/
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Financial Statements " Six >ears at a %lan
YEAR EN,E, JUNE 30
:4/8 :4/: :4// :4/4
PR7FITAILITY RATI7S@
,ross Prot H 6.oss7 Ratio 5 /;&2: 6:&207 /0&E1 /1&40
Aet Prot H 6.oss7 Mar%in 5 /4&4; 6//&887 /:&:: 0&44
Interest Co$era%e Times 8&20 6/&4;7 8&14 :&0E
Ao& of days in Recei$a#le ;0&E1 E0&11 E1&:8 E8&E1
Ao& of days in Paya#le /8&;0 /8&88 //&/8 /=&4E
Ao& of Days in In$entory 1;&1; 12&20 08&0: ;;&1=
Cash peratin% Cycle Times /E:&;E /:E&8E /8/&4: 0=&:1
De#tors turno$er ratio Times =&:= 2&8: 2&=2 1&E4Creditor Turno$er ratio Times :1&/: :1&:0 8;&4= :2&:E
In$entory turno$er Times E&:4 E&/; 8&10 =&E;
Fixed !ssets Turno$er Times =&42 E&8E E&;8 :&2=
Total !ssets Turno$er Times /&8/ /&;0 /&8= /&8=
7t/er ,ata@
Depreciation J !mortiKation /;1'842 /;2'24; /;='0:4 /24'/00
Capital @xpenditure //8'418 :8:'E;1 /81'=/; /4;'E;4
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Financial Statements " Statement of $aluadded
BEALT >ENERATE, 2013 2012
>ro Sa;e Re.enue 1':E/'14;';;1 2'E22'=E0':0E
7t/er Re9e-
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Financial Statements " Statement of $aluadded
BEALT ,ISTRIUTE, 2013 2012To E=o.ern=ent
Ta' /44';40'4=: =&:/6/;E'E41'=42
762/&217
BorDer Proft
Part-9-
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Financial Statements " Common SiKe -oriK!nalysis
2013 ar-an9e 2012 ar-an9e 2011 ar-an9e 2010
3333333333333333333333333333333333333 6Rupees In Millions7 33333333333333333333333
7ro Proft6(Lo+ 1#3*$ 22;&=: (20"+ 6//8&047 1#)$" 22&8/ *32
,-tr-?ut-on Cot 113 6:4&::7 1)1 ;E&20 *% 6/4&E07 !%
Ad=-n-trat-.e E'< 112 0&42 102 //&22 !2 /8&E= *17
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Financial Statements " Common SiKe-oriKontal !nalysis
N7N CURRENT
ASSET
Pro
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Financial Statements " Common SiKe -or!nalysis
CURRENT
LIAILITIES
Lon5ter=
F-nan9-n5*21 /00&80 2$) =2&28 1$) :/&:E 1)3
Lon5ter= Loan 4 4 4 L-a?-;-t-e a5a-nt
aet20 6=2&E27 )$ 0E&=: 2) E2&=0 1%
,eerred
L-a?-;-t-e
StaH Ret-re=enteneft !1 :4&28 $" /;&/= %" 84&;= "0
,eerred Ta'at-on 4 7/447 ") 4 ")Tota; NonCurrent
L-a?-;-t-e!32 /8=&4; 3!% :=&/8 31$ :4&84 2%3
Net Bort/ 2#300 E;&18 1#"%$ 68/&/07 2#2$$ ==&;1 1#)%3Net Bort/
Re
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Financial Statements " Common SiKe -o!nalysis
3/4'444
31'444
3;'444
3E'444
3:'444
4:'444
E'444
;'444
1'444
/4'444
7PERATIN> RESULT
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Financial Statements " Common SiKe Lert!nalysis
ERTICAL ANALYSIS2013 2012 2011 2010
(RUPEES IN 8ILLI7N+7ro
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Financial Statements " Common SiKe Lert!nalysis
ERTICAL ANALYSIS
2013 2012 2011 20
(RUPEES
8ILLI7N+CURRENT ASSETS Store#
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Financial Statements " Common SiKe Lert!nalysis
ERTICAL ANALYSIS
2013 2012 2011 2010
(RUPEES
8ILLI7N+CURRENT LIAILITIES
Trade and ot/er CAPITAL /'802 ::&48 //: :&=2 0E8 /;&22
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Financial Statements " Common SiKe Lert!nalysis
ERTICAL ANALYSIS
2013 2012 2011 2010
(RUPEES
8ILLI7N+N7N CURRENT LIAILITIES
Lon5 ter= fnan9-n5
1://:&0E
:2E;&:0 /2E 8&40
Lon5 ter= ;oan ro= d-re9tor
and ot/er 3 4&44
34&44 3 4&44
L-a?-;-t-e a5a-nt aet
u?e9t to fnan9e ;eae
:44&8/
E2/&42 :E 4&E8
,eerred ;-a?-;-t-e 3
StaH ret-re=ent ?eneft 5ratu-t 0/
/&EE2=
/&28 ;= /&/=
,eerred ta'at-on 3 4&443
4&44 =E 4&0;
Tota; NonCurrent L-a?-;-t-e
08:/E&24
80;0&40 8/2 =&;8
Net Bort/
:'8448;&:2
/'=;28=&0/ :':22 E4&E2
Net Bort/ Re
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:4/8 :4/: :4// :4/4 :440 :441
3:'444'444
4
:'444'444
E'444'444
;'444'444
1'444'444
/4'444'444
1':0;'82E
2'8=1'E10 2'=2E';=E
E'=00'120
8';E/'2218'481';;;
;'040'//8
2'=;8'=E;
;'400'E;0
8'2;2'0448'8:E'121
:'248'===
/'812':;/
3:4='4=2
/'E2='/1=18/'020
8/;'04/ 88='///
/'//2'=84
3E=4':08
/':E/'/02;:8'=48
:/2';/0 8E='82:18E':;4
3188'10=
0:=';18E/E'4E:
1E'108 /8:'8;4288';=/
3;;0'E12
1=/'8=:8=0'120
8:'=E2 /1/'140
/'84/':8/
3:;4';/:
/'E:/';1;202'24=
E/E'=2/ EE;';00
7PERATIN> RESULT
Sale
Cost
,ros
pe
ProPro
Di$id
@IT
Financial Statements " Common SiKe Lert!nalysis
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Financial Statements " Common SiKe Lert!nalysis
:4/8 :4/: :4// :4/4 :440 :441
3E4
3:4
4
:4
E4
;4
14
8=&00
38:&1E
E/&22
4
/&2;
0&1/
4 4
: :
4
/
4 4
2&:; 2&E8
4
E&:
4 4
E&20/4&8
4
/&;
;/
/2
:2&== :;&0
/:&0/
:8&1
/&;0
34&=:
4&;; /&=:2&8=
:&E8
PER SARE RESULT AN, RETRUN
@arnin%s H 6.oss7
Cash Di$idend p
Di$idend yield ra
Di$idend payout
Market Price Per
the year 69S@ /4
Price @arnin%s Ra
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Financial Statements " Common SiKe Lert!nalysis
:4/8 :4/: :4/ / :4 /4 :4 40
3/'444'444
4
/'444'444
:'444'444
8'444'444
E'444'444
='444'444
;'444'444
2'444'444
FINANCIAL P7SITI7N
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Com#ined ase >ear !nalysis :4/83:4/:
Co=?-ne ae Year Ana;- 20122013 2013 2012 CY
7ro
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Com#ined ase >ear !nalysis :4/83:4/:
Co=?-ne ae Year Ana;- 20122013 2013 2012CY
a;an9e S/eet
N7N CURRENT ASSETS
Pro
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Com#ined ase >ear !nalysis :4/83:4/:
Co=?-ne ae Year Ana;- 20122013 2013 2012 CY
a;an9e S/eet
CURRENT ASSETS
Store#
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Com#ined ase >ear !nalysis :4/83:4/:
Co=?-ne ae Year Ana;- 20122013 2013 2012 CY
a;an9e S/eet
CURRENT LIAILITIES
Trade and ot/er
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Com#ined ase >ear !nalysis :4/83:4/:
Co=?-ne ae Year Ana;- 20122013 2013 2012 CY
a;an9e S/eet
N7N CURRENT LIAILITIES
Lon5 ter= fnan9-n5 1:/ /:&0E :2E ;&:0 8&44
Lon5 ter= ;oan ro= d-re9tor and ot/er 4 4 4 4 4&44
L-a?-;-t-e a5a-nt aet u?e9t to
fnan9e ;eae:4 4&8/ E2 /&42 4&E8
,eerred ;-a?-;-t-e 4&44
StaH ret-re=ent ?eneft 5ratu-t 0/ /&EE 2= /&28 /&:/
,eerred ta'at-on 4 4 4 4 4&44Tota; NonCurrent L-a?-;-t-e 08: /E&2 80; 0&40 :&8=
Net Bort/ :'844 8;&:2 /'=;2 8=&0/ /&E2
Net Bort/ Re
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Projected Financial Statements " 8 >earsForecast
Proe9ted 3 Year Fore9atYEAR EN,E,
201% 201"peratin% Results
Sales 3 net /:';/2 /4'02/Cost of sales /4'=41 0'/82
,ross prot H 6loss7 :'/40 /'18EDistri#ution cost /2: /E0
!dministrati$e expenses /24 /E1
ther operatin% expenses ;1 ;4Finance cost E== 80=
ther operatin% income H6loss7 :8 :4
Prot H 6loss7 #efore taxation /':;1 /'/48
Pro$ision for taxation /=E /8E
Prot H 6loss7 for the year /'//; 02/
Projected Financial Statements 8 >ears
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Projected Financial Statements " 8 >earsForecast
Proe9ted 3 Year Fore9atYEAR EN,E,
201% 201"
a;an9e S/eet AA C+RR@AT !SS@TSProperty' plant and e)uipment :'E11 :'/;E.on% term loans and ad$ances 4 4.on% term deposits :8 :4.on% term In$estment ;1 ;4Deferred Taxation !ssets :/8 /1=
Total non3current assets :'20/ :'E:2C+RR@AT !SS@TS
Stores' spare parts and loose tools E4; 8=8Stock in trade :'E11 :'/;E
Trade de#ts :'E4/ :'411.oans and ad$ances /'/E1 001
Trade deposits and short term prepayments 0 1ther recei$a#les ;E =;
Tax refunds due from the ,o$ernment :=E ::/Cash and #ank #alances 1: 2/
Total current assets ;'1== ='0;/
Tota; aet !#%)" *#3*$
Projected Financial Statements 8 >ears
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Projected Financial Statements " 8 >earsForecast
Proe9ted 3 Year Fore9atYEAR EN,E,
201% 201"
C+RR@AT .I!I.ITI@STrade and other paya#les 8'00= 8'E2E
!ccrued mark up and interest /:8 /42Short term #orro(in%s :22 :E/
Current portion of
.on% term nancin% :18 :E;
.on% term nancin% from directors and others 4 4.ia#ilities a%ainst assets su#ject to nance lease =4 EE
Total Current .ia#ilities E'284 E'//8WR9IA, C!PIT!. :'/:= /'1E1
TT!. C!PIT!. @MP.>@D E'0/= E':2E
Projected Financial Statements 8 >ears
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Projected Financial Statements " 8 >earsForecast
Proe9ted 3 Year Fore9atYEAR EN,E,
201% 201"
AA C+RR@AT [email protected]% term nancin% /':E0 /'41;
.on% term loan from directors and others 4 4
.ia#ilities a%ainst assets su#ject to nance lease 84 :;Deferred lia#ilities 4 4
Sta retirement #enets 3 %ratuity /81 /:4
Deferred taxation 4 4Total Aon3Current .ia#ilities /'E/2 /':88
Aet Worth 8'E01 8'4E:Aet Worth Represented #yIssued' su#scri#ed and paid up capital 8/4 :24
Reser$es 8'/11 :'22:
8'E01 8'4E:
Total lia#ilities 0';E= 1'812
SWT !nalysis 3 Micro
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SWT !nalysis MicroSTREN>TPr-9-n5 Po4er Cuto=er t
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SWT !nalysis MicroBEANESS
A /-5/ de?t ?urden -n9reae t/e r-D t/at ,-n te't-;e ;-=-ted 5oe ?anDru
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SWT !nalysis Micro7PP7RTUNITIES
>reater -nno.at-on 9an /e;< ,-n te't-;e ;-=-ted to
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SWT !nalysis Micro
TREATSIntene 9o=
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SWT !nalysis Macro STREN>T BEANESS
I
N
T
ER
N
A
L
Self3reliance
!#undance of ra( material
production!$aila#ility of cheap la#or
,ro(in% economy and domestic
market
Pro%ressi$e reforms
-i%hly fra%mented sector
-i%h dependence on cotton
Declinin% mill se%mentTechnolo%ical o#solescence
AonNparticipants in trade
a%reements
7PP7RTUNITIES TREATS
EN
T
E
R
N
A
L
Ao @xport duties
Forei%n @xchan%e
Punja# Po(er Plant Initiati$e #y Mr&
Shah#aK Sharif only for Textile
Industry
Ae( competitors
Phasin% out of )uota system
Fashion life cycle
International la#or and
en$ironmental la(s
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Recommendations
/& Increase export as export duties are exempted for textile inconse)uentlysales tar%et (ill #e increased to co$er unexpected inationathe economy&
:& MinimiKe operatin% expense to increase %ross prot mar%in
8& Cash Discount to #e %i$en to increase reco$ery turno$er&
E& CRM to #e stren%then for customer satisfaction and #rand l
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O+@STIAS J !ASW@RS@SSIA
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T-!A9 >+