HSY

Financial analysis


12/13/2012


Submitted by : Aqsa Omer
Anam Afzal
Chandni Saleem

Submitted to : Mamm huma Fatima

Programme : Bba(hons) eve 5
th
semester

University of education bank road campus

Table of Contents

Acknowledgement
Introduction
History
Balance Sheet
Profit And Loss Statement
Financial Ratios
Financial Ratio Analysis
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratio
Inventory Turnover
Average Collection Period
Average Payment Period
Total Asset Turnover
Debt Ratios
Debt Ratio
Times Interest Earned Ratio
Profitability Ratios
Gross Profit Margin
Operating Profit Margin
Net Profit Margin
Earnings Per Share
Return On Total Asset
Return On Common Equity













Acknowledgement

The directors are thankful to the shareholders, financial
institutions and customers of the company who have
extended their support in one way or the other to the cause
of the company. The directors also place on record their
appreciation for dedicated services rendered by the
employees of the company during this period.











I ntroduction
HSY
Hassan Sheheryar Yasin (HSY) is a big name comes in
the list of top Pakistani fashion designers. He was born in
Lahore, graduated from the Pakistan School of Fashion
Design in 2000 also a member of BOD of the same
institution. Hassan has introduced himself as a fashion
choreographer. He also proved himself as a designer in
several fashion shows in Pakistan and abroad. Yasin
reveals his brand title HSY in the year 2000.



The designer has introduced HSY collection of home
furniture, interior accessories, and soft furnishings in
2005. He has also introduced HSY brand jewelry. HSY
won Lux Style Fashion Designer award of the Year 2005.
He also received Best Couture Designer award at DFW,
Dubai, the Most Stylish Fashion Icon at the MTV Style
Awards in 2009.HSY has a numerous range of dresses for
men and women in bridal wear, formal wear and lawn
collections for summer.
Fashion designer HSY is considered among the top
Pakistani Fashion designers.













Assets Dec 31
2009
Dec 31
2010
Dec 31
2011
Cash and
Equivalents
253.6
884.6 693.7
TOTAL CASH
AND SHORT
TERM
INVESTMEN
T
253.6
884.6 693.7
Accounts
Receivable
410.4
390.1 399.5
Inventory
519.7 533.6 649.0
Prepaid
Expenses
147.2
134.4 159.7
Other
Current
Assets
14.7
6.7 7.9
TOTAL
CURRENT
ASSETS
1,385.4
2,005.2 2,046.6
NET
PROPERTY
PLANT AND
EQUIPMENT
1,404.8

1,437.7 1,559.7
Long-Term
Investments
9.2
36.5 40.7
Goodwill
571.6 524.1 516.7
Other
Intangibles
125.5
123.1 111.9
Other Long-
Term Assets
174.2
124.7 98.0

TOTAL
ASSETS
3,675.0
4,272.7 4,412.2


LIABILITIES &
EQUITY
Accounts
Payable
287.9 410.7

420.0
Accrued
Expenses
535.5
576.1 604.8
Short-Term
Borrowings
24.1 24.1 42.1
Current Portion 15.2 270.3 97.6
of Long-Term
Debt/Capital
Lease
Other Current
Liabilities
10.9

8.3 7.4
TOTAL
CURRENT
LIABILITIES
910.6
1,298.8 1,173.8
Long-Term
Debt
1,502.7
1,541.8 1,748.5
Minority
Interest
39.9
35.3 23.6
Other
Liabilities, Total
501.3
494.5 617.3
TOTAL
LIABILITIES
2,914.7
3,335.1 3,539.6
Common Stock
359.9 359.9 359.9
Additional Paid
in Capital
394.7
434.9 490.8
Retained
Earnings
4,148.4
4,374.7 4,699.6
Treasury Stock
-3,979.6 -4,052.1 -4,259.0
Comprehensive
Income and
Other
-202.8
-215.1 -442.3
TOTAL
COMMON
EQUITY
720.5
902.3 849.0
TOTAL EQUITY
760.3 937.6 872.6
TOTAL
LIABILITIES
AND EQUITY
3,675.0
4,272.7 4,412.2
















Dec 31
2009
Dec 31
2010
Dec 31
2011
Revenues 5,298.7 5,671.0 6,080.8
TOTAL
REVENUES
5,298.7
5,671.0 6,080.8
Cost of
Goods Sold
3,235.4
3,242.2 3,503.8
GROSS
PROFIT
2,063.3
2,428.9 2,577.0
Selling
General &
Admin
Expenses,
Total



1,202.6
1,425.0 1,472.8
OTHER
OPERATING
EXPENSES,
TOTAL
1,202.6

1,425.0 1,472.8
OPERATING
INCOME
860.7
1,003.9 1,104.2
Interest
Expense
-91.3
-91.8 -94.8
Interest and
0.9 1.3 2.6
Investment
Income
NET
INTEREST
EXPENSE


-90.5
-90.5 -92.2
EBT,
EXCLUDING
UNUSUAL
ITEMS


770.3
913.3 1,012.0
Merger &
Restructuring
Charges
-99.1


-98.6 -49.2
Other
Unusual
Items, Total
--
-5.9 --
Other
Unusual
Items

--


-5.9 --
EBT,
INCLUDING
UNUSUAL
ITEMS



671.1
808.9 962.8
Income Tax
Expense


235.1

299.1 333.9
Earnings
from
Continuing
Operations


436.0
509.8 629.0
NET INCOME
436.0 509.8 629.0
NET INCOME
TO
COMMON
INCLUDING
EXTRA ITEM
436.0 509.8 629.0
NET INCOME
TO
COMMON
EXCLUDING
EXTRA ITEMS
436.0 509.8 629.0







2009 2010 2011
Current Ratio 1.52 1.54 1.74
Quick Ratio 0.81 1.04 1.19

2009 2010 2011
Inventory
Turnover
5.84 6.18 6.00
Average
Collection
Period
28.8 25.1 23.9
Average
Payment
97.9 114.5 106.3
Period
Total Asset
Turnover
13.52 13.76 14.70


2009 2010 2011
Gross Profit
Margin
38.75 42.59 41.64
Operating
Profit Margin
14.3% 15.9% 17.35%
Net Profit
Margin
8.23 8.99 10.34
Earnings Per
Share
33.36 28.39 25.67

Return On
Total Asset

13.52

13.76


14.70
Return On
Common
Equity

83.59

62.83

71.83


2009 2010 2011
Debt Ratio 2.00

1.64 1.98
Times
Interest
Earned Ratio

0

0

0