Financial and Ratios Analysis of Nishat Mills Pakistan

CHAPTER 1 INTRODUCTION AND HISTORY OF THE COMPANY MISSION STATEMENT To provide quality products to customers and explore new markets to promote/expand sales of the Company through good governance and foster a sound and dynamic team, so as to achieve optimum prices of products of the Company for sustainable and equitable growth and prosperity of the Company. VISION STATEMENT To transform the Company into a modern and dynamic yarn, cloth and processed cloth and finished product manufacturing Company with highly professionals and fully equipped to play a meaningful role on sustainable basis in the economy of Pakistan. To transform the Company into a modern and dynamic power generating Company with highly professionals and fully equipped†¦show more content†¦b. Facilitates Inter-Firm Comparison: It provides data for inter-firm comparison. Ratios highlight the factors associated with successful and unsuccessful firm. They also reveal strong firms and weak firms, overvalued and undervalued firms. c. Helps in Planning: It helps in planning and forecasting. Ratios can assist management, in its basicfunctions of forecasting for Planning, co-ordination, control and communications. d. Makes Inter-Firm Comparison Possible: Ratios analysis also makes possible comparison of the performance of differentdivisions of the firm. The ratios are helpful in deciding about their efficiency orotherwise in the past and likely performance in the future. e. Help in Investment Decisions: It helps in investment decisions in the case of investors and lending decisions in the case of bankers etc. 3. LIMITATIONS OF RATIOS ANALYSIS The ratios analysis is one of the most powerful tools of financial management.Though ratios are simple to calculate and easy to understand, they suffer from seriouslimitations. f. Limitations of Financial Statements: Ratios are based only on the information whichhas been recorded in the financial statements. Financial statements themselves aresubject to several limitations. Thus ratios derived, there from, are also subject to thoselimitations. For example; non-financial changes though important for the business arenot relevant by the financial statements. Financial statementsShow MoreRelatedFinancial Analysis of Nishat Textile Mills Limited13767 Words   |  56 Pagesfinancial interpetation of nishat mills limited Project on: Nishat Mills Limited Subject: Analysis Of Financial Statements Group Members: Abrar Ali Raja Hamid Kashif Umer Riaz Submitted to: Mr. Ahmed Nouman Anees . Introduction The Textile Industry: General market review and future prospects Worldwide businesses were adversely affected by onset of global economic recession in financial year 2008-2009. There has been some recoveryRead MoreRap Acca Obu8880 Words   |  36 PagesOXFORD BROOKES UNIVERSITY RESEARCH AND ANALYSIS REPORT â€Å"AN EVALUATION OF THE BUSINESS AND FINANCIAL PERFORMANCE OF D.G. KHAN CEMENT COMPANY LIMITED (DGKCC) BETWEEN 1 JULY 2004 AND 30 JUNE 2007† (Word count: 6,498) Presented by: KAMRAN KHALID ACCA reg. # 1431751 September 2008 CONTENTS Page No. 1. Research Objectives and Overall Research Approach 1.1 – Topic Chosen and the Selected Organisation 1.2 – Project Objectives 1.3 – Research Questions 1.4 – Research ApproachRead MoreRap Acca Bsc Topic 87801 Words   |  32 PagesOXFORD BROOKES UNIVERSITY RESEARCH ANALYSIS PROJECT RESEARCH AND ANALYSIS REPORT THE BUSINESS AND FINANCIAL PERFORMANCE OF THE HUB POWER COMPANY LIMITED PRESENTED BY: KHAQAN HAIDER Registration number: 1277963 Nov2010 Word count: 5796 words Contents ​Introduction​​​​​​1 Topic Chosen And Its Context 1 Reasons For Selection 1 Project Objectives 2 Research Approach 2 Read MoreComparative Analysis of Gul Ahmed Textile with Industry8589 Words   |  35 PagesANALYSIS OF FINANCIAL STATEMENTS Final Project Gul Ahmed Textiles Limited Submitted to: Prof. Asif Bashir Submitted by: Muhammad Naseem Hayat L1F09MBAM2036 Rustam Javed L1F09MBAM2034 Hasan Mir L1F09MBAM0016 Section: A Dated: Friday, 31 August 2012 Contents Gul Ahmed 3 Firms Comparability: 3 Industry 3 Size of the firm: capitalization 4 Sales 4 Ownership: 5 International: 5 short term credit analysis 6 Analysis of Current Assets and Liabilities: 6 Current Asset Composition:Read MoreInternship Report on Mcb20087 Words   |  81 Pages KIRAN FATIMA EXECUTIVE SUMMARY MCB is one of the leading banks of Pakistan incorporated in 1947 MCB Bank has made significant contributions in building and strengthening both corporate and retail banking Sector in Pakistan. This report is an upshot of my six weeks internship in Muslim Commercial Bank of Pakistan. MCB of Pakistan possesses an imperative and historical importance in the banking sector of Pakistan. It always remains the center of hustles in business activities. It always endows