Gul Ahmed Financial Analysis Report

Topics: Financial ratios, Generally Accepted Accounting Principles, Financial ratio Pages: 26 (4008 words) Published: April 29, 2014
IQRA UNIVERSITY

ANALYSIS OF FINANCIAL STATEMENT
FINAL PROJECT
ANALYSING FINANCIAL STATEMENT OF GUL AHMED TEXTILE MILL LTD

SUBMITTED TO: MR. ALI DHAMANI
SUBMITTED BY: M. AURANGZEB SIDDIQUI – 14487
SEC: MON (6 TO 9)
DATE OF SUBMISSION: 22/4/2013

LETTER OF ACKNOWLEDGEMENT
It has been a pleasure to be Mr. Ali Dhamani’s students. I would like to thank him for giving me the chance to work as a Financial analyst and analyze the financial statements of Gul Ahmed Textile. His lectures have been very interesting. I am extremely grateful to him and appreciate his efforts for providing me full support, encouragement and valuable guidance. He has been a really good teacher and guided me on the right path. All his lessons are very effective and interesting. Sincere regards,

M AURANGZEB SIDDIQUI

LETTER OF TRANSMITTAL

APRIL,28 , 2013
MR.ALI DHAMANI
Instructor IQRA University
Dear Sir,
This is the final project on the topic "Analyze of Financial Statements”, as requested it is being submitted to you on April,28,2013. The report has been prepared keeping in mind the topic. The report is designed by the indivisual, if it lacks something then I am extremely sorry.

M AURANGZEB SIDDIQUI
(14487)

Selection of Sector

Name of sector selected according to KSE title:

Textiles

Selection of Companies

Selected companies name:

Gul Ahmed Textile and Mills

Reasons for selection of companies

Gul Ahmed is one of the leading textile mill in Pakistan
Secondly its data is easily available which is a great help in performing analysis of financial statements.

OBJECTIVE:

Objective of our analysis is that we are a bank and we will provide loan to Gul Ahmed because Gul Ahmed has applied for a loan, so we are going to check the credit worthiness of Gul Ahmed by analyzing their financial statements in detail to see whether providing loan to Gul Ahmed will be appropriate or not.

COMPANY PROFILE:

Gul Ahmed is one of the largest home textile manufacturing companies in Pakistan. Since its inception in 1953, the company has been a trend-setter in the Pakistani textile industry and has serviced a diverse range of customers across the globe. 

Gul-Ahmed is a completely vertical textile mill comprising of state-of-the-art spinning, weaving, yarn-dyeing, piece-dyeing, printing (pigment and reactive on rotary as well as flat bed), stitching, embroidery and quilting facilities. The vertical structure gives Gul Ahmed much better control over the quality of its products as compared to other mills. 

Apart from the state of the art production facilities, Gul Ahmed is also equipped with the latest effluent treatment plant, caustic recovery, steam recovery and waste heat recovery plants. This makes Gul Ahmed one of the greenest and most socially responsible textile mills in the region. 

Gul-Ahmed's product range is quite diverse, and includes sheets, comforters, multi needle quilts/duvets, decorative pillows, window hangings, table & Kitchen Linen etc. Gul Ahmed also has the capability to do foam-back/black-out curtains and lining, as well as acrylic coating and flocking.

TEXTILE INDUSTRIES OF PAKISTAN:

The Pakistan textile industry total export is around 9.6 billion US dollars. The textile industry contributes approximately 46 percent to the total output or 8.5 percent of the country GDP. In Asia, Pakistan is the 8th largest exporter of textile products providing employment to 38 percent of the work force in the country. However, the textile industry currently faces massive challenges. The textile sector enjoys a pivotal position in the exports of Pakistan. In Asia, Pakistan is the 8th largest exporter of textile products. The contribution of this industry to the total GDP is 8.5%. It provides employment to about 15 million people, 30% of the country work force of about 49million. The annual volume of total world textile trade is US$18 trillion which is growing...
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