ANALYSIS OF FINANCIAL STATEMENT
EXAMINING FINANCIAL DECLARATION OF GUL AHMED TEXTILE MILL LIMITED
SUBMITTED TO: MR. ALI DHAMANI
SUBMITTED BY: Meters. AURANGZEB SIDDIQUI вЂ“ 14487
SEC: WEDNESDAY (6 TO 9)
DATE OF SUBMISSION: 22/4/2013
NOTICE OF ACKNOWLEDGEMENT
It has been a pleasure to get Mr. Ali Dhamani's college students. I would like to thank him for giving me the opportunity to work as monetary analyst and analyze the financial assertions of Gul Ahmed Linen. His lectures have been really interesting. I was extremely thankful to him and value his work for providing me complete support, confidence and beneficial guidance. He has been a really good teacher and guided me personally on the right path. Most his lessons are very effective and interesting. Genuine regards,
M AURANGZEB SIDDIQUI
PAGE OF TRANSMITTAL
APRIL, twenty eight, 2013
MR. ALI DHAMANI
Instructor IQRA University
This is actually the final task on the subject " Evaluate of Financial StatementsвЂќ, as asked it is becoming submitted to you on April, 28, 2013. The statement has been ready keeping in mind the subject. The record is designed by the indivisual, if it lacks some thing then I was extremely apologies.
M AURANGZEB SIDDIQUI
Selection of Sector
Name of sector picked according to KSE title:
Number of Companies
Selected companies term:
Gul Ahmed Textile and Mills
Reasons for selection of companies
Gul Ahmed is one of the leading textile generator in Pakistan
Secondly their data is easily available which is a great help in performing examination of financial statements.
Objective of the analysis is the fact we are a bank and we will provide loan to Gul Ahmed mainly because Gul Ahmed has sent applications for a loan, therefore we are going to examine the credit worthiness of Gul Ahmed by examining their financial statements in greater detail to see whether providing financial loan to Gul Ahmed will be appropriate or not.
Gul AhmedВ is one of the largest home textile manufacturing companies in Pakistan. Since its creation in 1953, the company is a trend-setter in the Pakistani linen industry and has maintained a diverse range of customers throughout the world. В
Gul-Ahmed is a completely vertical fabric mill composed of of state-of-the-art spinning, weaving, yarn-dyeing, piece-dyeing, printing (pigment and reactive on rotary as well as flat bed), stitching, embroidery and quilting services. The vertical structure gives Gul Ahmed much better control over the quality of usana products as compared to other mills. В
Apart from the cutting edge production facilities, Gul Ahmed is also furnished with the latest effluent treatment grow, caustic restoration, steam recovery and waste heat restoration plants. Can make Gul Ahmed one of the environmentally friendliest and most socially responsible linen mills in the region. В
Gul-Ahmed's product range is pretty diverse, and includes sheets, comforters, multiple needle quilts/duvets, decorative cushions, window hangings, table & Kitchen Bed and bath etc . Gul Ahmed also offers the capability to perform foam-back/black-out draperies and lining, as well as polymer coating and flocking.
FABRIC INDUSTRIES OF PAKISTAN:
The Pakistan textile industry total export is about 9. six billion US dollars. The textile sector contributes around 46 percent to the total output or 8. 5% of the country GDP. In Asia, Pakistan is the 8th largest ceder of fabric products rendering employment to 38 percent of the employees in the country. Yet , the textile industry at present faces substantial challenges. The textile sector enjoys a pivotal placement in the export products of Pakistan. In Asia, Pakistan is the 8th largest exporter of textile items. The contribution of this industry to the total GDP can be 8. 5%. It provides work to regarding 15 million people, 30% of the country work force of about 49million. The annual amount of total community textile control is US$18 trillion which can be growing...