Intro to Business Finance Textile Industry of Pakistan

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THE TEXTILE INDUSTRY
KNITTING, YARN & SPINNING SECTORS

Letter of Acknowledgement

We would like to thank, all the persons which have played a pivotal role in creation of this report, first of all, we would like to thanks the relationship managers of the following companies :

* Ali Asghar textiles

* Fazal Textiles

* Ellcot Textiles

We would like to thanks our faculty, Mrs Tazeen Arsalan, who not only taught us Business Finance throughout the semester but also encouraged us to explore first-hand the Textile Industries and we got to know new-scenarios and got experience as to how industries operate and what type of problems do they face in real financial world We acknowledge the honor which is forwarded to us by this institute and our honorable faculty member.

Our sincere Regards

TABLE OF CONTENTS

1. ACKNOWLEDGEMENTS……………………………………….2 2. INTRODUCTION & INDUSTRY OVERVIEW………………….3 3. Ali Asghar Textile Mills Ltd………………………………………….7 a. INCOME STATEMENTS & BALANCE SHEETS FOR ALI ASGHAR TEXTILES b. COMPANY PROFILE ALI ASGHAR TEXTILES

c. RATIOS OF COMPANY  ALI ASGHAR
d. ANALYSIS OF BOTH FISCAL YEARS
e. FACTORS AFFECTING RATIOS INTERNALLY
f. ANAYLSIS B/W COMPANY RATIOS AND INDUSTRY RATIOS
4. Fazal Textile Mills Ltd…………………………………………………12 g. INCOME STATEMENTS & BALANCE SHEETS FOR FAZAL TEXTILES h. COMPANY PROFILE FAZAL TEXTILES
i. RATIOS OF COMPANY  FAZAL TEXTILES
j. ANALYSIS OF BOTH FISCAL YEARS
k. FACTORS AFFECTING RATIOS INTERNALLY
l. ANAYLSIS B/W COMPANY RATIOS AND INDUSTRY RATIOS
5. Hira Textiles Mills Ltd………………………………………………23 m. INCOME STATEMENTS & BALANCE SHEETS FOR HIRA TEXTILES n. COMPANY PROFILE HIRA TEXTILES
o. RATIOS OF COMPANY  HIRA TEXTILES
p. ANALYSIS OF BOTH FISCAL YEARS
q. FACTORS AFFECTING RATIOS INTERNALLY
r. ANAYLSIS B/W COMPANY RATIOS AND INDUSTRY RATIOS
6. Ellcot Textiles Ltd…………………………………………………..32 s. INCOME STATEMENTS & BALANCE SHEETS FOR ELLCOT TEXTILES t. COMPANY PROFILE ELLCOT TEXTILES
u. RATIOS OF COMPANY  ELLCOT
v. ANALYSIS OF BOTH FISCAL YEARS
w. FACTORS AFFECTING RATIOS INTERNALLY
x. ANAYLSIS B/W COMPANY RATIOS AND INDUSTRY RATIOS
7. APPROACHES OF TEXTILE UNITS …………………………41 y. AGGRESSIVE APPROACH
z. CONSERVATIVE APPROACH
{. HEDGING APPROACH
8. FACTORS EFFECTING INDUSTRY IN FISCAL YEARS……..43
|. Increase in EFS (Export Finance Scheme)
}. Electricity and Gas Crisis
~. Floods & Raw-material Shortage
. Increase in Minimum Wage
. Double freight for Punjab & Khyber Pakhtunkhwa textile mills . Tariffs & trade agreements
. Country Credit rating & credit policies
. LAW & Order
. I.M.F. AND ELIMINATION OF SUBSIDY
. EXCHANGE RATE
. THE RECESSION

Introduction & Overview of the textile Industry:

The textile sector enjoys a pivotal position in the exports of Pakistan.

* Pakistan is the 8th largest exporter of textile products in Asia .

* 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.

* It provides indirect-employment to about 45 Million People of Our total population of

* The annual volume of total world textile trade is US$18 trillion which is growing at 2.5 percent. Out of it, Pakistan’s share is less than one per cent.

* The development of the Manufacturing Sector has been given the highest priority since Pakistan’s founding with major stress on Agro-Based Industries

* For Pakistan which was one of the leading producers of cotton in the world, the development of a Textile Industry making full use of its abundant resources

* As of 2011, there are 1,221 ginning units, 442...
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