afhan maize products company ltd

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afhan Maize Products Company LtdRafhan Maize Products Company Ltd., is located at Faisalabad, about

1100 kilometersnorth of Karachi, in Pakistan. The Company processes thousands of tons of corn everyyear to

produce high quality

food ingredients and industrial products.Rafhan Maize is the pioneer in producing diversified type of starchesand sweeteners for multiple applications in morethan 50 types of industries.

Rafhan Maize Products Company Limited is a Pakistan-based company thatuses maize as the basic raw material to manufacture and sell anumber of industrial products, the principal ones being industrial starches, liquid glucose,dextrose, dextrin and gluten meals. The product rangethe Company¶s foodingredients business includes Globe and Snowflake starches, Rafhan LiquidGlucose, Cerelose Dextrose Monohydrate,Rafhan Liquid Caramel and GoldenSyrup. The Animal Nutrition and Health Business products include Prairie Goldand Rafhan Maize GlutenMeals, Buffalo Maize Bran, Enzose Hydrol and RafhanMaize Oil cake strong.

HISTORY :Rafhan Maize Products Company Ltd., is located at Faisalabad, about 1100kilometers north of Karachi, in Pakistan.The Company processes thousands of tonsof corn every year to produce high qualityfood ingredients and industrial productsRafhan Maize is the pioneer in producing diversified type of starches and sweetenersfor multiple applications in morethan 50 types of industriesStocks :The current price of stocks of rafhan is about 1955.00 . while the other changesoccoures on its daily slope

Rafhan Maize Products Company LtdHISTORY :Rafhan Maize Products Company Ltd., is located at Faisalabad, about 1100kilometers north of Karachi, in Pakistan.The Company processes thousands of tonsof corn every year to produce high qualityfood ingredients and industrial productsRafhan Maize is the pioneer in producing diversified type of starches and sweetenersfor multiple applications in morethan 50 types of industriesStocks :The current price of stocks of rafhan is about 1955.00 . while the other changesoccoures on its daily slope S Y M B O L O P E N H I G HL O W C U R R E N T C H A N G E V O L U M E

RafhanMaizeProduct2 0 6 0 . 0 0 2 1 4 9 . 0 0 2 1 4 9 . 0 0 21 4 9 . 0 0 89.001

Current Price (11/16/2010): 1,955.00 (Figures in Pakistan Rupees

Rafhan Maize Products Company LtdHISTORY :



Rafhan Maize Products Company Ltd., is located at Faisalabad, about 1100kilometers north of Karachi, in Pakistan.The Company processes thousands of tonsof corn every year to produce high qualityfood ingredients and industrial productsRafhan Maize is the pioneer in producing diversified type of starches and sweetenersfor multiple applications in morethan 50 types of industriesStocks :The current price of stocks of rafhan is about 1955.00 . while the other changesoccoures on its daily slope

S Y M B O L O P E N H I G HL O W C U R R E N T C H A N G E V O L U M E RafhanMaizeProduct2 0 6 0 . 0 0 2 1 4 9 . 0 0 2 1 4 9 . 0 0 21 4 9 . 0 0 89.001

Current Price (11/16/2010): 1,955.00 (Figures in Pakistan Rupees

) 1 Week-1.7%13 Weeks 26.1%

4 Weeks 36.9%52 Weeks 18.5%



SNAPSHOT OF RAFHAN MAIZE PRODUCTS LTD (RMPL)OPEN2,060PREVIOUS CLOSE2,060DAY HIGH2,149DAY LOW2,14952 WEEK HIGH12/10/10 -2,14952 WEEK LOW07/1/10 -1,100MARKET CAP19.8BAVERAGE VOLUME10 D90.0EPSTTM140.43SHARES OUTSTANDING9.2MEX-DATE08/12/10P/E



TTM15.3xDIVIDEND100.00DIVIDEND YIELD4.65%

DIVIDENDS:The after tax profit of Rafhan Maize Products Co Limited has increased to Rs 952.553million in the six month periodended June 30, 2010 as compared to Rs 713.069million earned in the corresponding period last year. The company'searning per shareincreased to Rs 103.13 in the period under review against Rs 77.20 in the same perioda year back KARACHI (APP) - Rafhan Maize Products Ltd has posted a higher profit after tax of Rs. 397.061 million for thequarter ending March 31, 2010 and declared an interimcash dividend of Rs. 35 per share.According to financialresults of the company despatched to KSE here Monday, theprofit before tax surged to Rs. 612.197m as earning per share jumped to Rs 42.99during the period under review.EARNING PER SHARE :The earning per share of the rafhan is increases in 2008 as compared to 2004

TAMEER is a Microfinance

TAMEER is a Microfinance bank managed by a group of highly experienced bankerscommitted to go where no(commercial) bank has gone before. It is a private commercialMicrofinance bank licensed by the State Bank of Pakistan under the Microfinance Ordnance2001.OPERATIONS :TAMEER distinguishes itself from other Microfinance Banks by being one of the first nation-wide, private sector, non-NGO transformed, commercially sustainable micro-financeinstitutions inPakistan. We aim to provide dedicatedservices to the economically active poor and to be demand driven, client centered and responsive to the specialneeds of our customers.We serve low-income, salaried, self-employed and micro entrepreneurs men & women witharange of financial products designed to allow them to grow their businesses and producesignificant economicmultiplier effects throughout local economies. We also provide homeimprovement products and term deposits.CHARACTERSTICS :Our key characteristic is a professional core banking competence that will contributeto the development of micro-finance as a viable and attractive commercial activityin Pakistan. Tameer in November 2008 entered into anagreement with Telenor Pakistan whoacquired 51 per cent of the shares in Tameer Microfinance Bank. Theacquisition of 51 per cent of the shares in Tameer Microfinance Bank is part of strategy to offer financial services in

Pakistan.They are offering to type of certyificate

FEATURES OF BOND : 1. Micro Mortgage Tameer Makaan2. Emergency Micro Credit ± Tameer Emergency QarzaMicro Mortgage ±Tameer MakaanTameer Makan is a new product launched in May 2008 to cater for the diverse needsof Micro sector customersranging from seasonal crop financing, purchasing shopinventory to buying of machinery and tools for business use.Product and Service Promise:English Translation: ³Our Property (House) Is Our Support´Product Advantage



Changes of current stock shares :

DateRateTotalTurnoverMarketCapitalisationPaid-upCapitalOpeningClosingDiff HighLowAverage

D e c 0 9 1 3 . 6 0 1 3 . 4 5 - 0 . 1 5 1 3 . 6 8 1 3 . 2 5 1 3 . 3 9 1 7 4 , 7 5 3

1 , 5 7 9 , 3 2 1 , 8 6 5 1 , 1 7 4 , 2 1 7 , 0 0 0 D e c 0 8 1 3 . 5 4 1 3 . 6 0

0 . 0 6 1 3 . 7 5 1 3 . 4 7 1 3 . 5 8 1 2 3 , 6 6 2

1 , 5 9 6 , 9 3 5 , 1 2 0 1 , 1 7 4 , 2 1 7 , 0 0 0 D e c 0 7 1 3 . 6 9 1 3 . 5 4 -

0 . 1 5 1 3 . 6 4 1 3 . 4 5 1 3 . 5 2 4 9 , 7 3 7 1 , 5 8 9 , 8 8 9 , 8 1 8 1 , 1 7 4 , 2 1 7 , 0 0 0 D e c 0 6 1 3 . 6 6 1

3 . 6 9

0 . 0 3 1 3 . 8 5 1 3 . 5 5 1 3 . 6 7 4 3 , 6 6 7 1 , 6 0 7 , 5 0 3 , 0 7 3 1 , 1 7 4 , 2 1 7 , 0 0 0 D e c 0 3 1 3 . 7 8 1

3 . 6 6 - 0 . 1 2 1 3 . 9 8 1 3 . 5 1 1 3 . 7 9 2 8 9 , 9 7 9

1 , 6 0 3 , 9 8 0 , 4 2 2 1 , 1 7 4 , 2 1 7 , 0 0 0 D e c 0 2 1 4 . 1 9 1 3 . 7 8 -

0 . 4 1 1 4 . 3 0 1 3 . 7 5 1 3 . 9 8 4 3 4 , 6 9 2

1 , 6 1 8 , 0 7 1 , 0 2 6 1 , 1 7 4 , 2 1 7 , 0 0 0 D e c 0 1 1 4 . 1 4 1 4 . 1 90 . 0 5 1 4 . 4 0 1 4 . 0 0 1 4 . 1 2 1 2 3 , 8 4 8 1 , 6 6 6 , 2 1 3 , 9 2 3 1 , 1 7 4 , 2 1 7 , 0 0

DIVIDEND :

Final dividend for the year ended June 30, 2009 @ Rs. 0.95 ... Pak ElektronLimited ("PEL" or "the Company")

was incorporated in Pakistan on March 03,2009July 27 (PPI): Picic Asset Management Company Ltd, the

Investment Adviser of Picic Investment Fund and Picic Growth Fund (PGF) declared final dividend for

PicicInvestment Fund (PI F) of 25 perc ent (i .e. Rs 2.5 per cert ificat e) to gether wi th t heinterim cash



Rafhan Desserts- The Expert!

Rafhan Desserts is the ever loved phenomena in Modern packaged

dessert industry. Fact is, it is the consistent Category leader when it

comes to cutting edge packaged dessert ideas. Rafhan's tradition of

incorporating the highest quality ingredients and processes is the



foundation for its successful line of desserts. One bite into any of the

luscious products and the taste buds will detect the Rafhan quality

difference

Rafhan in the Past, Preset and in the future . . .

Beginning from a small town to the present nation wide distribution, pride in the trusted

name has remained as strong as ever. Now, under the management of fourth-generation,

Rafhan will continue to stand behind the guarantee of homemade taste, quality, and

goodness, looking to add exciting new products to its existent line though ground

breaking innovations to keep its consumers hooked with the trusted expert!

Vitality and taste ± a wholesome combination!

Rafhan Corn Oil is the edible oil obtained from the inner kernel of maize. High on

vitamin E and essential fatty acids, proteins, vitamins and minerals, it is commonly used

for cooking. It¶s also favored as salad and frying oil because of its low cholesterol and

protection against coronary heart diseases. Rafhan Corn Oil is a sign of health and vitality

combined with a great taste that makes your favoritemeals truly



tock Data:Recent Stock Performance:Current Price (10/1/2008):2,531.75 (Figures in Pakistan Rupees)

1 Week

13 Weeks4 Weeks52 WeeksRafhan Maize Products Co Ltd Key Data:3

Ticker:RMPLCountry:PAKISTAN

Exchanges:KAR

Major Industry:Food & Beverages

Sub Industry:Miscellaneous Food

2007 Sales7,590,828,000(Year Ending Jan 2008).

Employees:909

Currency:Pakistan Rupees

Market Cap:23,384,326,589



Business Finance Project

Fiscal Yr Ends:

DecemberShares Outstanding:9,236,428

Share Type:Ordinary

Closely Held Shares:N/A



nterpretations:

Company has a good financial condition

Company can go for further debts and investments

Company can pay the current liabilities easily

Company can go for further expansions

Average age of Inventory:20052004 No. of working days / Inventory turnover No. of working days / Inventory

Turnover 360 / 60360 / 8664.18

Interpretations: No stock stays in stores for more timeCompany's management is working efficiently

Average Collection Period:20052004Accounts receivables / Average sales per dayAccounts receivables / AverageSales per day40473000 / 4138741701000 / 3381963

9.7712.33

Interpretations:

Collection department is working efficiently

They can invest more if the generate more

Expansion option is open

Average Payment Period:It is the average amount of time to pay your accounts payable

20052004Accounts payable / Average Purchase per day

Accounts payable / AveragePurchase per day208545000 / 35552232355000 / 18063




586512863

Total Asset Turnover:It tells the efficiency of the firm to generate sales by utilizing their assets.

2005

2004Sales / Total Assets

Sales / Total Assets1489952000 / 7422180001217507000 / 7352680002.001.65

Interpretations:

Assets are well utilized by the organization

Company is under good managements

Continuous improvement is there

Debt Ratio:it tells the Percentage of funds provided by the creditors

20052004Total Liabilities / Total AssetsTotal Liabilities / Total Assets216793000 / 742218000240479000 / 7352680000.290.32

Interpretations:Owners will received profits because the percentage is not that much highCompany can borrow more if they want

Time interest earned ratio:It tells firms ability to pay contractual interest or not or the firm will be able to meetfuture obligations or not.

20052004Earning Before Income Tax / InterestEarning Before Income Tax / Interest160906000 / 199800036746000 / 21170008017

Interpretations:

Company can pay interest on time

Company can easily pay interest in near future

They can have more debts from creditors

Profitability Ratio:It tells how much profit are you earning

2005

2004



Increase in dividends of stockholders

Earnings have increased

Favor further investment

Departments are working properly

Credit standing improved

Net Working Capital:

20052004

Current Assets - Current LiabilitiesCurrent Assets - Current Liabilities426277000 - 208545000400560000 - 232355000217732000168205000

Market Ratios:Price earning Ratio: It is used to assess the owners appraisal of share value.. Actually it is the amount of investment which investors are willing to pay for each dollar of a firms earning.

2005Price/earning ratio = Market price of share / Earning per share350 / 15.9721.9

2004

Price/earning ratio = Market price of share / Earning per share290 / 3.5082.85

Interpretation:

Investors are paying 21.9 Rs. Per single rupee earning

The investor¶s confidence in organization is decreased in comparison with last year

The earning per share has increased 5 times

The price of the share has also increased


Market / Book Ratio:Provides an assessment of how investors view the firm¶s performance.

2005Book value per share of common stock =Common Stock Equity / No. Of shares Outstanding61576000 / 6157618



9.9992004Book value per share of common stock =Common Stock Equity / No. Of shares Outstanding61576000 / 6157618

9.999

Interpretation

The investors are paying Rs.9.99 for each Rs.1 earning

The company¶s stock equity remains the same for the last and current year

No. Of] shares outstanding remains the same for both years

Work Load Distribution

Faraz Bashir has provided us the report from Lahore chamber of commerce.

Abbas Raza has done the introduction of the project.

Ali Zohaib & Hammad Rauf has done calculation of ratios.

Ejaz Munwar has done proof reading and font adjustments19

Business Review:

In 2005 company progressed up to 22% in a single financial year. Strategies adopted

during the last two years to correct business fundamentals and to achieve long-term

sustained profitable growth started to bear results. Gross profit improved from 28% to

35% and profit before tax increased by RS.124M. Company also controlled rebates and

allowances and trade stocks significantly reduced, which brought stability in market

prices of their products, this helped in improving the credibility with customers,

distributors and trade.

Key points towards the sales growth of 22% over last year were focus on retail trade to

increase coverage, aggressive on ground activities, effective communication, and

consumer led focused promotions. Gross margins improved due to volume growth in

higher margin products, reduction in trade discounts, de-listing of low margin bakery

business in foodsolutions and improved pricing in Exports.

The higher gross profit funds provided to invest behind our key brands Knorr and

Rafhan. Advertising and promotion budget was increased, to build brands through TV

media, brand activation and consumer promotions. The innovative ³Knorr Magic Chef´

TV cooking programme was extremely positive in building Knorr

afhan maize products company ltd

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