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Asif Ijaz-055
International Finance
Samin Textile Limited
Samin Textile Limited:
Introduction:
•Samin Textiles Limited is a public limited
company belonging to a leading industrial
group based in Pakistan
•In the Asia pacific region Samin has always
kept its promise of delivering value to its
customers.
•This company have offered superior quality
products to our demanding and quality
conscious customers across单击此处编辑母版副标题样式
the globe.
•As a result we have developed an
unmatched product range and earned the
reputation of being (considered) market
leaders.
Financial Performance of Company:
• The sponsors and the management have the faith and believe in the textile
business. The present lean period on textile industry hasn't shaken their
determination to stay in the business.
• They are committed to cater for the financial needs of the company for its
survival and revival.
• As soon as the prevailing political and investment climate turns congenial,
they will be playing their role for turnaround of the project.
• The first step towards turnaround will be implementation on the BMR & E
and arrangement of the additional working capital.
CORPORATE GOVERNANCE:
The Board of Directors of Samin Textiles and its management are fully conversant with its
responsibilities as formulated in Code of Corporate Governance as incorporated in the
listing regulations of stock exchanges issued by the SECP.
•Presentation of Financial Statement
•Books of Account
•Accounting Policies
•International Financial Reporting Standards (IFRS):
•Accounting Year:
•Audit Committee
•Safety and Environment
•Going Concern:
•Internal Control System:
•Trading Company's Shares
•Outstanding Statutory Dues:
Statement of compliance
• Auditors audited the balance sheet of Samin Textiles Limited (“the Company”) and the
related profit and loss account, statement of comprehensive income, cash flow
statement and statement of changes in equity
• We state that we have obtained all the information and explanations which, to the
best of our knowledge and belief, were necessary for the purposes of our audit.
• It is the responsibility of the Company's management to establish and maintain a
system of internal control.
• Prepare and present the above said statements in conformity with the approved
accounting standards and the requirements of the Companies Ordinance, 1984.
• Our responsibility is to express an opinion on these statements based on our audit.
Horizontal and Vertical Analysis:
• Dollar change
• Percentage change
• Trend Analysis
• Common Size Analysis
• Ratio Analysis
Dollar Change of Balance Sheet:
Dollar Change of Profit and Loss:
Percentage Change Of Profit and Loss:
Ratio Analysis:
Comments: