Balance Shee
EQUITY AND LIABILITIES
CAPITAL AND RESERVES
Authorized Capital
40000000 (200: 40000000) ordinary shares of RS. 10 each
Issued, subscribed and paid up capital
35000000 (2008: 15333333) ordinary shares of Rs. 10 each
Reserves
Accumulated Loss
SURPLUS ON REVALUATION OF PROPERTY,
PLANT AND EQUIPMENT
NON-CURRENT LIABILITES
Long term loans from directors
Long term inances
Long term morabaha
Liabilities against assets subject to inance lease
Deffered liabilites
Deffered taxation
CURRENT LIABILITES
Current porion o long term liabilites
Short term borrowings from related parties- unsecured
Finances under mark-up arrangements -secured
Trade and other payables
Accrued mark-up on loans and other payables
CONTIGENCIES AND COMMITMENTS
ASSETS
NON-CURRENT ASSETS
Property, plant and equipment
Assets subject to inance lease
Intangible asset
Capital work in progress
Long term deposits
Long term loans
CURRENT ASSETS
Stores, spares and loose tools
Stock in trade
trade debts
Loans, advances, deposits, prepayments and other recievables
Taxatio - net
Cash and back balances
Balance Sheet
2009 2008
Rupees Rupees
400,000,000 400,000,000
350,000,000 153,333,330
129,898,526 129,898,526
-361,357,337 -299,089,835
118,541,189 -15,857,979
411,445,884 437,779,005
74,570,569 171,175,969
428,301,887 330,914,966
- -
16,315,641 13,212,297
23,986,703 23,520,540
27,631,143 45,293,818
570,805,943 584,117,590
83,131,432 100,958,465
17,324,801 52,226,754
558,086,289 544,813,779
317,183,765 193,702,191
65,296,268 27,213,644
1,041,022,555 918,914,833
- -
2,141,815,571 1,924,953,449
1,160,830,877 905,453,375
39,869,002 32,879,427
3,345,300 3,717,000
7,265,266 201,123,950
7,218,688 4,604,423
2,275,750 2,194,280
1,220,804,883 1,149,972,455
96,558,665 106,128,537
437,345,036 361,827,225
278,969,594 225,486,523
30,231,265 39,015,627
19,288,567 3,937,814
58,617,361 38,585,268
921,010,488 774,980,994
2,141,815,571 1,924,953,449
PROFIT AND LOSS ACCOUNT
For the year ended june 30, 2009
Sales
Cost of Good Sold
Gross profit
Administration expences
Distribution and selling costs
Other operating expences
Other operating income
Profit from operation
Finance cost
(Loss) before taxation
Taxation
(Loss) for the year
(Loss) per share-Basic and diluted
2009 2008
Rupees Rupees
1,550,427,563 1,260,415,348
-1,283,504,802 993,257,611
266,922,761 267,157,737
-70,423,678 -62,459,439
-116,582,550 -112,525,165
-4,288,856 -2,329,900
-191,295,084 -177,314,504
75,627,677 89,843,233
6,408,767 6,612,664
82,036,444 96,455,897
-185,187,067 112038878)
-103,150,623 -15,582,981
21,931,954 1,756,121
-81,218,669 -13,826,860
-2 -1
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED JUNE 30, 2009
Share capital Share
Premium
Rupees Ruppes
Balance as per June 30, 2007 153,333,330 39,898,526
(Loss) for the year - -
Transfer from surplus on
revaluation of propert, Plant
and equipment- net deffered
taxation:-Incremental
depreciation for the year
Dividend 200 Rs 0.5
Disposal of revaluted assets
Balance as on june 30, 2008 1,533,330 39,898,526
Risght issue @ 1.28 shares for each share held 196,666,670 -
(Loss for the year)
Transfer from surplus on
revaluation of propert, Plant
and equipment- net deffered
taxation:-Incremental
depreciation for the year
- -
Disposal of revaluted assets - -
Balance as on june 30, 2009 350,000,000 39,898,526
General Accumulaed Total Rupees
reserve
Ruppes loss Rupees
90,000,000 -317,263,872 34,032,016
- -13,826,860 -13,826,860
32,028,750 32,028,750
-2,692,396 -2,692,396
2,664,543 2,664,543
90,000,000 -299,089,835 -15,857,979
- - 196,666,670
-81,218,669 -81,218,669
- 17,970,918 17,970,918
- 980,249 980,249
90,000,000 -361,357,337 118,541,189
CASH FLOW STATEMENT
FOR THE YEAR ENDED JUNE 30, 2009
Cash flow from operating activites
Cash flow generated from operations
Finance cost paid
Taxes paid
Payments against discounted provident fund
Gratuity paid
Dividend paid
Long-term deposits (paid)
Net cash inflow/(outflow) from operating acitivities
Cash flow from investing acitivities
purchase of property, plant and equipment
Net (increase in long term loans
Proceeds from disposal of property, plant and equipment
Net cash used in investing activites
Cash flow from financing acitivities
Proceeds from long term finances
Repayment of long term finances
Proceeds from loan from directors
Repayment of loan to directors
Proceeds from right issue
Repayment of long term morabaha
Proceeds from short term loans
Repayment of short term loans
Lease rentals paids
Net cash flow from financing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
2009 2008
Rupees Rupees
194,979,795 112,350,202
-146,850,645 -105,326,014
-1,846,380 -8,864,177
-1,542,036 -6,507,188
-4,803,896 -1,182,809
-225 -2,655,883
-4,864,448 -1,773,800
18,455,165 -13,959,669
-148,866,353 -222,339,688
-359,120 -968,033
4,946,634 2,623,250
-144,278,839 -220,684,471
163,500,000 168,412,345
-77,089,301 -49,457,315
1,450,000 -
-1,760,000 -
60,371,270 -
-7,174,998 -14,350,004
13,100,000 61,621,212
-8,001,953 -21,907,458
-11,811,761 -14,346,953
132,583,257 129,971,827
6,759,583 -1,046,723,130
-506,228,511 -401,556,198
-499,468,928 -506,228,511
2009
1 Current Ratio Current Assets 921,010,488
Current Liabilities 1,041,022,555
= 0.884717130840647 88.47%
2 Quick Ratio Cash + Government Securities + Receivables
Total Current Liabilities
2008