Financial Statement Analysis

2810 words - 12 pages

ANALYSIS OF FIANANCIAL STATEMENT

MUSTEHKAM CEMENT LIMITED

PRESENTED TO:
TAHSEEN MOHSIN

PRESENTED BY:
MUHAMMAD USMAN GHANI 105221003 (03454657966)

PREFACE

This is the project of financial statement analysis in which we have to apply the financial technique to doo the financial analysis in deep by firm comparability, by ding credit analysis, making pro forma statements and showing reality in it, we were asked to do long term solvency analysis, profitability ...view middle of the document...

I learned a lot in this project while doing a work, but while facing a problem I was helped by my friend whos name is Faisal Rehman, Faisal , through which I able to complete my project.
I thank to my professor ‘Adeel Salam Shaikh’ who gave me this project that I ciould get some learning on it, and help me while doing project when I face some problem in it.

TABLE OF CONTENT

CONTENT Pages
1. PREFACE---------------------------------------------------------------------- 2
2. ACKNOWLEDGEMENT----------------------------------------------------- 3
3. EXCUTIVE SUMMRY-------------------------------------------------------- 5
4. INTRODUCTION------------------------------------------------------------- 6
5. FIRM COMPAREABLITY---------------------------------------------------- 7
6. CREDIT ANALYSIS----------------------------------------------------------- 9
7. FORCASTED PROFORMA STATEMENTS-------------------------------- 13
8. LONGTERM SOLVENCY ANALYSIS--------------------------------------- 15
9. PROFITABLITY ANALYSIS-------------------------------------------------- 16
10. VALUATION----------------------------------------------------------------- 17
11. ANNEXTURE----------------------------------------------------------------- 19
12. BIBLOGRAPHY-------------------------------------------------------------- 28

EXECUTIVE SUMMARY

This project is form the course of financial statement Analysis. THE Requirement of this project cover whole of our Syllabus, which apply on it through financial technique in which we analyze the past, current and future performance of the company through its ratio analysis, calculating operating measure, Financial flexibility and by ding forecasting forecasting on current income statement, balance sheet or cash flow statement by changing variable by growth rate with sale fixed elements by changing inflation rate. In Solvency ratio we Analyze total debt to capital ratio, total debt to equity capital, and solvency asset coverage ratio by fixed asset to common equity , net tangible asset to long term debt and total liabilities to tangible .The company not taking a loan also because their plant utilization capacity is less that’s why we can work on this plant, and the financial risk is very low because in future they are not doing any financing.

INTRODUCTION

Mustehekam Cement Limited is Pakistan-based Company. The company is engage in the production and sale of Portland cement. The company is subsidiary of Bestway Cement limited, which is a subsidiary of Bestway group of United Kingdom. For the nine Month of ended 31 march 2009, Mustehekam Cement Limited Revenue increased 48%...

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