din textile mills

7/24/2019 Din Textile Mills

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Din Textile

MillsFinancial Report


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Contents

Company Information For Stockholders

Financial Summary

Financial Statement

Projected Financial Statement

SWT !nalysis " MICR

SWT !nalysis " M!CR

Recommendations


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Company Information

Din Textile has #een constantly stri$in% to achie$e excellence and %enerate hi%hest

stakeholder s&

Toda y Din Textile holds an unchallen%ed position at forefront of industry' (ithin the o$erseas for its %round#reakin% de$elopments and inno$ati$e products line'

Din Textile has %ained immense trust for deli$erin% superior )uality products for exccustomer expectations&

This is a testimony to Din*s un(a$erin% commitment to total satisfaction of its custo

+nder the dynamic leadership of the ,roup and stron% -uman Resource' Din Textile founded in /012 and in a $ery short time #ecome an icon for the spinnin% industry in

With four state3of 3the3art spinnin% units and / dyein% unit located at Chunian and .a/445 o(n su#sidiary Ihsan Rai(ind Mills 6P$t&7 .td& ha$in% Consolidated annual prodyarn 8/&04 million 9%s6 Din *s :;&11 million k%s and Ihsan< s =&4/ Million k%s&7 and dy

>arn :&1: million 9%s&

With a consolidated annual turno$er of Rs& 1&8/ #illion' today Din Textile Mills .td& ememployees& Din*s aims to create superior $alue for our customers and stakeholders (

compromisin% on commitments to safety' en$ironment' health' and other social respcommunities in (hich (e operates&


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For Stockholders

FINANCIAL RESULTS

Year Ended

2013

In 000 I

Proft & Lo !"2#3$$1#%

Proft & Lo ater ta' $33#%"1

(%%

,-.-dend or t/e ear 20102011 R 2 ()0

Proft Carr-ed For4ard1#%*%#02

$!"

Earn-n5 6 Lo Per /are 3"!! (3


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7PERATI7NAL

PERF7R8ANCEYear Ended June 30

2013

In 000

2012

In000

In96(,e9+

:a5e

Tota; Net Sa;e *#2%!#3$) $#3"*#)*! 12$"

Lo9a; Net Sa;e 1#))0#)%* )#)**#"2" (%$!1+

E'ro Proft 6 (Lo+ 1#3*$#2%1 (20"#0"$+ $$%"2


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S!.I@AT F@!T+R@S F T-@ !CC+ATIA,

R@S+.T>ear @nded Bune 84

2013

In 000

2012

In000

Sa;e*#2%!#3$

)

$#3"*#)*

!

Cot o Sa;e(%#!0!#1

13+

($#"%3#"

)%+

>ro Proft 6 (Lo+1#3*$#2

%1

(20"#0$"

+

,-tr-?ut-on Cot(112#%3)

+

(1)1#1*)

+

Ad=-n-trat-.e E'


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Financial Summary

Challen%es imposed #y the local and %lo#al economy&

It has comprehensi$e plans on mana%in% the future %ro(th of compakeepin% a#reast (ith the en$ironment and the stake holder*s expect

The nancial performance of your company for the years :4/:3/8 reperformance as it sales re$enue and prot #efore taxation sur%ed to #illion 6 F> :4//3/: Rs& 2&8=1 #illion7 and Rs& 18E&E4= million 6 F> :4Rs& 188&10= million7 exhi#itin% %ro(th of /:&1/5 and :44&4;5 respe

These increase primarily dri$en #y #est mana%ement of (orkin% capproduction capacity' and producin% #est )uality $alue added product

n%oin% cost sa$in% and controllin% initiati$es (ere taken to particune%ati$e impact of escalatin% input costs&

Din Textiles is committed to enhancin% its* product #ase #y di$ersifyi

cost hi%h )uality products (ith hi%h nancial returns&


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Financial Summary " Cont&G

That (e #elie$e in People Planet and Prots 6Three PPP*s7& Cost of sale reduced #y 1&=0

#illion in year :4/:3/8 (here it (as 2&=;8 #illion in year :4//3/:& The reduction in coststa#ility in the cotton rate in local as (ell as in international market&

Company made considera#le eorts and moti$ati$e measure to promote a cost consciocompromisin% on )uality of (ork and product in all facts of the #usiness (ith decrease distri#ution cost' increase of 0&425 in administrati$e expenses and decrease of :;&8/5as compare to the %ure of pre$ious year&

The decrease of nance cost is mainly due to #est mana%ement of (orkin% capital andprocurement' decrease in distri#ution cost is due to the #etter ne%otiation in prices of

means of distri#ution in spite of increase in oil prices and lo%istics rates& While increascost is due to continuous increase in minimum (a%e rate and inationary economic co

Durin% the F> :4/:3/8 the company*s cash o( from operation after (orkin% capital chpayment of income tax' nance cost' WPPF and sta retirement #enets sho(s short famillion& !fter adjustment of in$estment and nancin% acti$ities of Rs& 0:&:2/ and E1/&Ecompany cash and cash e)ui$alent at the end of year sho(s an amount of o$erdra(n R

In $ie( of the sta#le nancial result rendered #y the company for the year :4/:3/8' thdri$in% for(ard their nancial performance helpin% to sustain lon% term %ro(th and de

leadin% return to the stakeholders in future&


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Financial Statements " Six >ears at a %lan

YEAR EN,E, JUNE 30

:4/8 :4/: :4// :4/47


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YEAR EN,E, JUNE 30

:4/8 :4/: :4// :4/4FINANCIAL P7SITI7N@ Reser$es :'40;'E4E /'8;:'2=8 :'428'442 /':22':E; 0Current !ssets E'=42'48; :'=//'/=; 8'02='/E1 /'28E'2=:

Current .ia#ilities 8'/40'2E; :'801'11/ 8'48/'08: /';0/'=8;/

Aet Current !ssets H 6.ia#ilities7 /'802':04 //:':2= 0E8':/; E8':/;Property Plant J @)uipment /';8='=8: /';0=';1= /';82'/E/ /';24'/;:

Total assets;'8E/'028 E'8;/'0;; =';:=';:0 8'E/2'E1: 8

.on% Term De#t 6except Director .oan7 /'4=0'208 =21'88: 8E/'8/4 :;:'E:EShareholders* e)uity :'844':81 /'=;;'=12 :':2;'1E4 /'E;:'=E0Capital @mployed 8':8:'::2 /'0;8'41= :'=08';02 /'2:='0E2

Share Capital :48'18E :48'18E:48'18E

/1='848

reakup $alue per share Rs& //:&1= 2;&1; ///&24 21&08=

F-nan9-a; Rat-o@

Current ratio Times /&E= /&4= /&8/ /&48.on%3Term De#t to CapitaliKation 5 18&12 28&0E ;:&;/ =1&;/


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YEAR EN,E, JUNE 30

:4/8 :4/: :4// :4/4

PR7FITAILITY RATI7S@

,ross Prot H 6.oss7 Ratio 5 /;&2: 6:&207 /0&E1 /1&40

Aet Prot H 6.oss7 Mar%in 5 /4&4; 6//&887 /:&:: 0&44

Interest Co$era%e Times 8&20 6/&4;7 8&14 :&0E

Ao& of days in Recei$a#le ;0&E1 E0&11 E1&:8 E8&E1

Ao& of days in Paya#le /8&;0 /8&88 //&/8 /=&4E

Ao& of Days in In$entory 1;&1; 12&20 08&0: ;;&1=

Cash peratin% Cycle Times /E:&;E /:E&8E /8/&4: 0=&:1

De#tors turno$er ratio Times =&:= 2&8: 2&=2 1&E4Creditor Turno$er ratio Times :1&/: :1&:0 8;&4= :2&:E

In$entory turno$er Times E&:4 E&/; 8&10 =&E;

Fixed !ssets Turno$er Times =&42 E&8E E&;8 :&2=

Total !ssets Turno$er Times /&8/ /&;0 /&8= /&8=

7t/er ,ata@

Depreciation J !mortiKation /;1'842 /;2'24; /;='0:4 /24'/00

Capital @xpenditure //8'418 :8:'E;1 /81'=/; /4;'E;4


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Financial Statements " Statement of $aluadded

BEALT >ENERATE, 2013 2012

>ro Sa;e Re.enue 1':E/'14;';;1 2'E22'=E0':0E

7t/er Re9e-


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Financial Statements " Statement of $aluadded

BEALT ,ISTRIUTE, 2013 2012To E=o.ern=ent

Ta' /44';40'4=: =&:/6/;E'E41'=42

762/&217

BorDer Proft

Part-9-


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Financial Statements " Common SiKe -oriK!nalysis

2013 ar-an9e 2012 ar-an9e 2011 ar-an9e 2010

3333333333333333333333333333333333333 6Rupees In Millions7 33333333333333333333333

7ro Proft6(Lo+ 1#3*$ 22;&=: (20"+ 6//8&047 1#)$" 22&8/ *32

,-tr-?ut-on Cot 113 6:4&::7 1)1 ;E&20 *% 6/4&E07 !%

Ad=-n-trat-.e E'< 112 0&42 102 //&22 !2 /8&E= *17


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Financial Statements " Common SiKe-oriKontal !nalysis

N7N CURRENT

ASSET

Pro


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Financial Statements " Common SiKe -or!nalysis

CURRENT

LIAILITIES

Lon5ter=

F-nan9-n5*21 /00&80 2$) =2&28 1$) :/&:E 1)3

Lon5ter= Loan 4 4 4 L-a?-;-t-e a5a-nt

aet20 6=2&E27 )$ 0E&=: 2) E2&=0 1%

,eerred

L-a?-;-t-e

StaH Ret-re=enteneft !1 :4&28 $" /;&/= %" 84&;= "0

,eerred Ta'at-on 4 7/447 ") 4 ")Tota; NonCurrent

L-a?-;-t-e!32 /8=&4; 3!% :=&/8 31$ :4&84 2%3

Net Bort/ 2#300 E;&18 1#"%$ 68/&/07 2#2$$ ==&;1 1#)%3Net Bort/

Re


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Financial Statements " Common SiKe -o!nalysis

3/4'444

31'444

3;'444

3E'444

3:'444

4:'444

E'444

;'444

1'444

/4'444

7PERATIN> RESULT


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Financial Statements " Common SiKe Lert!nalysis

ERTICAL ANALYSIS2013 2012 2011 2010

(RUPEES IN 8ILLI7N+7ro


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ERTICAL ANALYSIS

2013 2012 2011 20

(RUPEES

8ILLI7N+CURRENT ASSETS Store#


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ERTICAL ANALYSIS

2013 2012 2011 2010

(RUPEES

8ILLI7N+CURRENT LIAILITIES

Trade and ot/er CAPITAL /'802 ::&48 //: :&=2 0E8 /;&22


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ERTICAL ANALYSIS

2013 2012 2011 2010

(RUPEES

8ILLI7N+N7N CURRENT LIAILITIES

Lon5 ter= fnan9-n5

1://:&0E

:2E;&:0 /2E 8&40

Lon5 ter= ;oan ro= d-re9tor

and ot/er 3 4&44

34&44 3 4&44

L-a?-;-t-e a5a-nt aet

u?e9t to fnan9e ;eae

:44&8/

E2/&42 :E 4&E8

,eerred ;-a?-;-t-e 3

StaH ret-re=ent ?eneft 5ratu-t 0/

/&EE2=

/&28 ;= /&/=

,eerred ta'at-on 3 4&443

4&44 =E 4&0;

Tota; NonCurrent L-a?-;-t-e

08:/E&24

80;0&40 8/2 =&;8

Net Bort/

:'8448;&:2

/'=;28=&0/ :':22 E4&E2

Net Bort/ Re


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:4/8 :4/: :4// :4/4 :440 :441

3:'444'444

4

:'444'444

E'444'444

;'444'444

1'444'444

/4'444'444

1':0;'82E

2'8=1'E10 2'=2E';=E

E'=00'120

8';E/'2218'481';;;

;'040'//8

2'=;8'=E;

;'400'E;0

8'2;2'0448'8:E'121

:'248'===

/'812':;/

3:4='4=2

/'E2='/1=18/'020

8/;'04/ 88='///

/'//2'=84

3E=4':08

/':E/'/02;:8'=48

:/2';/0 8E='82:18E':;4

3188'10=

0:=';18E/E'4E:

1E'108 /8:'8;4288';=/

3;;0'E12

1=/'8=:8=0'120

8:'=E2 /1/'140

/'84/':8/

3:;4';/:

/'E:/';1;202'24=

E/E'=2/ EE;';00

7PERATIN> RESULT

Sale

Cost

,ros

pe

ProPro

Di$id

@IT



23/41


:4/8 :4/: :4// :4/4 :440 :441

3E4

3:4

4

:4

E4

;4

14

8=&00

38:&1E

E/&22

4

/&2;

0&1/

4 4

: :

4

/

4 4

2&:; 2&E8

4

E&:

4 4

E&20/4&8

4

/&;

;/

/2

:2&== :;&0

/:&0/

:8&1

/&;0

34&=:

4&;; /&=:2&8=

:&E8

PER SARE RESULT AN, RETRUN

@arnin%s H 6.oss7

Cash Di$idend p

Di$idend yield ra

Di$idend payout

Market Price Per

the year 69S@ /4

Price @arnin%s Ra


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:4/8 :4/: :4/ / :4 /4 :4 40

3/'444'444

4

/'444'444

:'444'444

8'444'444

E'444'444

='444'444

;'444'444

2'444'444

FINANCIAL P7SITI7N


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Com#ined ase >ear !nalysis :4/83:4/:

Co=?-ne ae Year Ana;- 20122013 2013 2012 CY

7ro


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Co=?-ne ae Year Ana;- 20122013 2013 2012CY

a;an9e S/eet

N7N CURRENT ASSETS

Pro


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a;an9e S/eet

CURRENT ASSETS

Store#


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a;an9e S/eet

CURRENT LIAILITIES

Trade and ot/er


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a;an9e S/eet

N7N CURRENT LIAILITIES

Lon5 ter= fnan9-n5 1:/ /:&0E :2E ;&:0 8&44

Lon5 ter= ;oan ro= d-re9tor and ot/er 4 4 4 4 4&44

L-a?-;-t-e a5a-nt aet u?e9t to

fnan9e ;eae:4 4&8/ E2 /&42 4&E8

,eerred ;-a?-;-t-e 4&44

StaH ret-re=ent ?eneft 5ratu-t 0/ /&EE 2= /&28 /&:/

,eerred ta'at-on 4 4 4 4 4&44Tota; NonCurrent L-a?-;-t-e 08: /E&2 80; 0&40 :&8=

Net Bort/ :'844 8;&:2 /'=;2 8=&0/ /&E2

Net Bort/ Re


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Projected Financial Statements " 8 >earsForecast

Proe9ted 3 Year Fore9atYEAR EN,E,

201% 201"peratin% Results

Sales 3 net /:';/2 /4'02/Cost of sales /4'=41 0'/82

,ross prot H 6loss7 :'/40 /'18EDistri#ution cost /2: /E0

!dministrati$e expenses /24 /E1

ther operatin% expenses ;1 ;4Finance cost E== 80=

ther operatin% income H6loss7 :8 :4

Prot H 6loss7 #efore taxation /':;1 /'/48

Pro$ision for taxation /=E /8E

Prot H 6loss7 for the year /'//; 02/

Projected Financial Statements 8 >ears


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201% 201"

a;an9e S/eet AA C+RR@AT !SS@TSProperty' plant and e)uipment :'E11 :'/;E.on% term loans and ad$ances 4 4.on% term deposits :8 :4.on% term In$estment ;1 ;4Deferred Taxation !ssets :/8 /1=

Total non3current assets :'20/ :'E:2C+RR@AT !SS@TS

Stores' spare parts and loose tools E4; 8=8Stock in trade :'E11 :'/;E

Trade de#ts :'E4/ :'411.oans and ad$ances /'/E1 001

Trade deposits and short term prepayments 0 1ther recei$a#les ;E =;

Tax refunds due from the ,o$ernment :=E ::/Cash and #ank #alances 1: 2/

Total current assets ;'1== ='0;/

Tota; aet !#%)" *#3*$



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201% 201"

C+RR@AT .I!I.ITI@STrade and other paya#les 8'00= 8'E2E

!ccrued mark up and interest /:8 /42Short term #orro(in%s :22 :E/

Current portion of

.on% term nancin% :18 :E;

.on% term nancin% from directors and others 4 4.ia#ilities a%ainst assets su#ject to nance lease =4 EE

Total Current .ia#ilities E'284 E'//8WR9IA, C!PIT!. :'/:= /'1E1

TT!. C!PIT!. @MP.>@D E'0/= E':2E



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201% 201"

AA C+RR@AT [email protected]% term nancin% /':E0 /'41;

.on% term loan from directors and others 4 4

.ia#ilities a%ainst assets su#ject to nance lease 84 :;Deferred lia#ilities 4 4

Sta retirement #enets 3 %ratuity /81 /:4

Deferred taxation 4 4Total Aon3Current .ia#ilities /'E/2 /':88

Aet Worth 8'E01 8'4E:Aet Worth Represented #yIssued' su#scri#ed and paid up capital 8/4 :24

Reser$es 8'/11 :'22:

8'E01 8'4E:

Total lia#ilities 0';E= 1'812

SWT !nalysis 3 Micro


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SWT !nalysis MicroSTREN>TPr-9-n5 Po4er Cuto=er t


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SWT !nalysis MicroBEANESS

A /-5/ de?t ?urden -n9reae t/e r-D t/at ,-n te't-;e ;-=-ted 5oe ?anDru


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SWT !nalysis Micro7PP7RTUNITIES

>reater -nno.at-on 9an /e;< ,-n te't-;e ;-=-ted to


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SWT !nalysis Micro

TREATSIntene 9o=


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SWT !nalysis Macro STREN>T BEANESS

I

N

T

ER

N

A

L

Self3reliance

!#undance of ra( material

production!$aila#ility of cheap la#or

,ro(in% economy and domestic

market

Pro%ressi$e reforms

-i%hly fra%mented sector

-i%h dependence on cotton

Declinin% mill se%mentTechnolo%ical o#solescence

AonNparticipants in trade

a%reements

7PP7RTUNITIES TREATS

EN

T

E

R

N

A

L

Ao @xport duties

Forei%n @xchan%e

Punja# Po(er Plant Initiati$e #y Mr&

Shah#aK Sharif only for Textile

Industry

Ae( competitors

Phasin% out of )uota system

Fashion life cycle

International la#or and

en$ironmental la(s


39/41

Recommendations

/& Increase export as export duties are exempted for textile inconse)uentlysales tar%et (ill #e increased to co$er unexpected inationathe economy&

:& MinimiKe operatin% expense to increase %ross prot mar%in

8& Cash Discount to #e %i$en to increase reco$ery turno$er&

E& CRM to #e stren%then for customer satisfaction and #rand l


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O+@STIAS J !ASW@RS@SSIA


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T-!A9 >+

din textile mills

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