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M/S Al Falah Company

Introduction
This case study is conducted to have an analysis of the Financial Statements of M/S Al Falah company for
the year ended June 30, 2011.
General
Ratio
analysis

Profitablity WRT Sales


Gross Profit Ratios
Operating Profit Ratio
Net Profit Ratio

2011

2010

33.87%
7.98%
3.12%

32.09%
8.51%
3.63%

7.51%
4.87%

9.15%
5.78%

Profitablity wrt Investment


Return on Equity
Return on Capital Employed

Stock Turn over

3.43

stock holding period

106.55

days

Fixed Assets turnover

3.35

3.08

Capital Employed Turn over

1.56

1.59

Current Ratio

3.16

2.91

Quick Ratio

1.93

1.99

Working Capital

10757

8644

Long term Liquidity Ratios:


Debt ratio
Equity ratio
Debt- Equity ratio (leverage ratio)
Capital Gearing ratio

Finance Charge Coverage


ratio

55.48% 57.70%
44.52% 42.30%
124.62% 136.41%
76.37% 83.27%

2.24
times

2.52
times

Vertical Analaysis /Common Size analysis

2011
Sales
CGS
Gross profit
Distribution costs
Admin Expenses
Other operating expenses
Other operating income
Earning before interest and taxes
Finance Costs
Profit before Taxes
Taxation
Net profit after tax

2011

24800 100.00%
16400 66.13%
8400 33.87%
3007 12.13%
2100
8.47%
1540
6.21%
225
0.91%
1978
7.98%
885
3.57%
1093
4.41%
320
1.29%
773
3.12%

2010

2010

21500 100.00%
14600 67.91%
6900 32.09%
2275 10.58%
1625
7.56%
1280
5.95%
110
0.51%
1830
8.51%
725
3.37%
1105
5.14%
325
1.51%
780
3.63%

Balance Sheet
Analysis

2011

2010

Assets:
Non-Current Assets
PPE
Intangilbles
Long term investments
Long term deposits and prepaid expenses
Current Asssets
Stores and spares
Stock in trade
Trade debts
Loans and advances
Trade deposits and short term payments
Other receivables
Tas refunds due from the Govt
Cash and balances

Total Assets

5200
1020
960
227
7407

22.48%
4.41%
4.15%
0.98%
32.02%

4500
1250
952
280
6982

22.33%
6.20%
4.72%
1.39%
34.64%

380
5775
6520
1170
350
170
962
400
15727

358
3800
5220
1270
240
71
465
1750
13174

23134

1.64%
24.96%
28.18%
5.06%
1.51%
0.73%
4.16%
1.73%
67.98%
100.00
%

2015
6

1.78%
18.85%
25.90%
6.30%
1.19%
0.35%
2.31%
8.68%
65.36%
100.00
%

7000
3299
10299

30.26%
14.26%
44.52%

6000
2526
8526

29.77%
12.53%
42.30%

5560
750
1555
7865

24.03%
3.24%
6.72%
34.00%

4980
550
1570
7100

24.71%
2.73%
7.79%
35.23%

2300
550
1345

9.94%
2.38%
5.81%

2100
500
980

10.42%
2.48%
4.86%

Equity and Liabilties:


Capital and Reserves
Share Capital
Reserves
Liablities
Non-Current Liabilities
Long term debt
Deffered taxation
Liablities against assets subject to finance lease
Current Liablities
Trade and other payables
Accrued interest/Mark up
Short term borrowings

Current maturity of liabilties against assets subject to


finance lease

Total equity and Liabilities

775
4970

3.35%
21.48%

950
4530

4.71%
22.47%

23134

100.00
%

2015
6

100.00
%

Horizontal Analysis

Sales
CGS
Gross profit
Distribution costs
Admin Expenses
Other operating expenses
Other operating income
Earning before interest and
taxes
Finance Costs
Profit before Taxes
Taxation
Net profit after tax

2011

2010

horizontal
analysis

24800
16400
8400
3007
2100
1540
225

21500
14600
6900
2275
1625
1280
110

15.35%
12.33%
21.74%
32.18%
29.23%
20.31%
104.55%

1978
885
1093
320
773

1830
725
1105
325
780

8.09%
22.07%
-1.09%
-1.54%
-0.90%

2011

2010

horizonta
l analysis

5200
1020
960
227
7407

4500
1250
952
280
6982

15.56%
-18.40%
0.84%
-18.93%
6.09%

380
5775
6520
1170
350
170
962
400
15727

358
3800
5220
1270
240
71
465
1750
13174

6.15%
51.97%
24.90%
-7.87%
45.83%
139.44%
106.88%
-77.14%
19.38%

23134

20156

14.77%

7000
3299
10299

6000
2526
8526

16.67%
30.60%
20.80%

5560
750
1555
7865

4980
550
1570
7100

11.65%
36.36%
-0.96%
10.77%

2300
550
1345

2100
500
980

9.52%
10.00%
37.24%

775
4970

950
4530

-18.42%
9.71%

Assets:
Non-Current Assets
PPE
Intangilbles
Long term investments
Long term deposits and prepaid expenses
Current Asssets
Stores and spares
Stock in trade
Trade debts
Loans and advances
Trade deposits and short term payments
Other receivables
Tas refunds due from the Govt
Cash and balances
Total Assets

Equity and Liabilties:


Capital and Reserves
Share Capital
Reserves
Liablities
Non-Current Liabilities
Long term debt
Deffered taxation
Liablities against assets subject to finance lease
Current Liablities
Trade and other payables
Accrued interest/Mark up
Short term borrowings
Current maturity of liabilties against assets subject to
finance lease

Total equity and Liabilities

23134

20156

14.77%

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