Financial Analysis of Nishat Textile Mills Limited
financial interpetation of nishat mills limited
Project on: Nishat Mills Limited
Subject: Analysis Of Financial Statements
Group Members: Abrar Ali
Raja Hamid Kashif
Umer Riaz
Submitted to: Mr. Ahmed Nouman Anees
.
Introduction
The Textile Industry:
General market review and future prospects
Worldwide businesses were adversely affected by onset of global economic recession in financial year 2008-2009. There has been some recovery of economies from the recession in financial year 2009-2010; however, its effect is still far from over. Global recession is not the only cause of our concern.Serious internal issues also affected our textile industry quite badly. The high cost of production resulting from higher cotton prices, rising energy costs, increasing prices of imported inputs due to depreciation of Pakistani rupee, double digit inflation and prolonged power cuts are posing serious threats to textile sector. On these fronts the situation is expected to remain volatile in the future.
Nishat mills limited did extremely well during the current financial year and achieved 32.11% growth in total net revenue from the corresponding previous year. Despite all the challenges faced by our textile sector, Nishat achieved this success through full utilization of its production capacity, timely investments, effective business planning, aggressive marketing strategy, strong customer base and diversified product range.
Our textile industry has been going through one of the toughest periods in decades. It has been facing tough challenges but the worse can be expected in the next year when the loss of cotton crop resulting from unprecedented rains and floods in the Country will adversely affect the textile sector. Currently, the impact of this huge natural calamity can not be assessed. All the sectors of our economy in general and the agriculture dependant business such as textile sector in particular will
Project on: Nishat Mills Limited
Subject: Analysis Of Financial Statements
Group Members: Abrar Ali
Raja Hamid Kashif
Umer Riaz
Submitted to: Mr. Ahmed Nouman Anees
.
Introduction
The Textile Industry:
General market review and future prospects
Worldwide businesses were adversely affected by onset of global economic recession in financial year 2008-2009. There has been some recovery of economies from the recession in financial year 2009-2010; however, its effect is still far from over. Global recession is not the only cause of our concern.Serious internal issues also affected our textile industry quite badly. The high cost of production resulting from higher cotton prices, rising energy costs, increasing prices of imported inputs due to depreciation of Pakistani rupee, double digit inflation and prolonged power cuts are posing serious threats to textile sector. On these fronts the situation is expected to remain volatile in the future.
Nishat mills limited did extremely well during the current financial year and achieved 32.11% growth in total net revenue from the corresponding previous year. Despite all the challenges faced by our textile sector, Nishat achieved this success through full utilization of its production capacity, timely investments, effective business planning, aggressive marketing strategy, strong customer base and diversified product range.
Our textile industry has been going through one of the toughest periods in decades. It has been facing tough challenges but the worse can be expected in the next year when the loss of cotton crop resulting from unprecedented rains and floods in the Country will adversely affect the textile sector. Currently, the impact of this huge natural calamity can not be assessed. All the sectors of our economy in general and the agriculture dependant business such as textile sector in particular will