Financial Analysis of Nishat Textile Mills Limited

financial 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 recovery of economies from the recession in financial year 2009-2010; however, its effect is still far from over. Global recession is not the only cause of our concern.Serious internal issues also affected our textile industry quite badly. The high cost†¦show more content†¦Gray cloth constitutes roughly 16-18% of total cloth. Nishat Exports from Pakistan. Nishat gray cloth exports account for roughly 20 % of Pakistani gray cloth exports. The firm has been exporting to the USA for many years, and has only recently started to export to EU countries. In Pakistan, the cotton crop season runs approximately from August to March. Prices are generally high at the start of the season in August/September, and fall later on as supply increases. Following income tax law, the fiscal year runs from October to September for textiles sector. Nishat Group The history of Nishat Group dates back to 1951, when Mian Muhammad Yahya founded Nishat Mills Limited. This man of vision, courage and integrity, Mian Mohammad Yahya was born in 1918 in Chiniot. In 1947 when he was running leather business in Calcutta, he witnessed by the momentous changes that swept the Indo-Pak subcontinent. This is story of success through sheer hard work and an undaunted spirit of enterprise. Beginning with a cotton export house, he soon branched out in to ginning, cotton and jute textiles, chemicals and insurance. He was elected Chairman of all Pakistan Textile Mills Association. He died in 1969, at the age of 51 having achieved so much in so short time. After almost half a century of undaunted success, Nishat group is among the leading business houses of the country and ranks among the top 5 groups in terms ofShow MoreRelatedFinancial and Ratios Analysis of Nishat Mills Pakistan4553 Words   |  19 PagesKhalid Qadeer Qureshi Chairman/Member 9. Mr. Muhammad Azam Member 10. Ms. Nabiha Shahnawaz Cheema Member CHIEF FINANCIAL OFFICER: 11. Mr. Badar-ul-Hassan COMPANY SECRETARY: 12. Mr. Khalid Mahmood Chohan AUDITORS: 13. Riaz Ahmad amp; Company Chartered Accountants LEGAL ADVISOR: 14. Mr. M. Aurangzeb Khan, Advocate, 15. Chamber No. 6, District Court, Faisalabad. MILLS: 16. Nishatabad, Faisalabad (Spinning units and Power Plant) 17. 12 K.M. Faisalabad Road, (Weaving units amp;Read 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 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 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 MoreAn Analysis of Traditional and Modern Human Resource Practices.11910 Words   |  48 PagesResearch Thesis An Analysis of Traditional and Modren Human Resource practices. Abstract This study compares and contrasts how Human Resource Management activities implemented in different organizations to achieve organization prosperity. The finding reveals that there were significant differences across the study companies. Moreover the study results demonstrate that although traditional Human Resource policies are in practice in many organizations, but complementary strategic Human Resource