OTC Final Accounts 2016

OTC
FINANCIAL ASSUMPTIONS
30-06-2015
Sales
123,357,409
%age increase
30-06-2016
30-06-2017
141,861,021
5%
163,140,174
15%
15%
Sales are higher by 16% in the year 2015 12% in the year 2016 and again increased by 10% in the year 2017.
Cost of Sales
%age increase
59,880,592
4%
#REF!
#REF!
9%
9%
Cost of Sales is higher by 3% in the year 2013 and maintained at 70% of sales in the next years.
Gross Profit
%age of sales
63,476,817
51%
#REF!
#REF!
#REF!
#REF!
Gross Margin on sales is 29% in the year 2014 and onwards which is a norm of this business.
Net Profit
50,130,569
%age of sales
40.6%
#REF!
#REF!
#REF!
#REF!
There is increasing trend in net profit of the concern, it is 4.4 % of sales in the year 2015 and 4.5 % in the 2016 and it is
decreased in 2017 marginally
Stock in Trade
No. of days
5,352,840
32
5,888,124
6,594,699
#REF!
#REF!
Stock in trade is maintained at 26, 26 and 27 number of days respectively to meet the business sales
requirements
Trade Debtors
No. of days
11,551,703
14,138,488
18,205,184
34
36
40
Trade Debtors are calculated at 15 days of sales in the year 2015, and maintained at 16 and 18 in the Succeeding Years
Creditors, Accrued & Other Liabili
12,005,202
72
13,205,722
14,526,294
#REF!
#REF!
Creditors, accrued & other liabilities are 3 in number of days in the year 2015, and represent accruals of the
expenses paid in the next year.
Short Term Running Finance
10,000,000
10,000,000
10,000,000
Short Term Running Finance facility is available from the BOP, hence, shown as fully availed.
Conclusion
This financial position of the entity seems to be stable, reliable and credible in the 2015, 2016 and 2017 in terms of
expected revenues and profitability
Managing Partner
OTC
BALANCE SHEET
AS AT JUNE 30, 2016
Note
2017
Rupees
2016
Rupees
2015
Rupees
2014
Rupees
PROPERTY AND ASSETS
OPERATING FIXED ASSETS
24,784,113
25,837,903
27,008,781
23,448,308
4
5
6
12,624,630
15,375,317
4,884,998
276,956,652
11,476,936
13,977,561
4,422,191
183,503,261
5,888,124
12,706,874
3,082,567
116,059,088
5,352,840
11,551,703
2,802,334
58,214,791
309,841,598
213,379,950
137,736,653
77,921,669
334,625,710
239,217,853
164,745,435
101,369,977
40,000,000
19,071,445
10,000,000
17,337,678
15,761,525
12,005,202
59,071,445
27,337,678
15,761,525
12,005,202
211,880,175
70,900,546
(7,226,456)
148,983,911
69,778,604
(6,882,339)
CURRENT ASSETS
Stock in Trade
Trade Debtors
Advances, Deposits & Prepayments
Cash and Bank Balances
TOTAL ASSETS
CURRENT LIABILITIES
Short Term Loan
Creditors, Accrued & Other Liabilities
1
2
REPRESENTED BY:
Owner's Equity
Add: Net Profit/(Loss)
Less: Drawings
89,364,775
60,755,478
(1,136,343)
42,323,255
50,130,569
(3,089,049)
275,554,265
211,880,175
148,983,911
89,364,775
334,625,710
239,217,853
164,745,435
101,369,977
Proprietor
###
MADNI RICE MILLS

BALANCE SHEET
AS ON JUNE 30,
CAPITAL AND LIABILITIES
Note
CAPITAL
Partners' Capital
Capital Introduced
Add: Profit for the year
Less: Drawings
2011
Rupees
2010
Rupees
29,053,264
5,880,991
25,599,127
5,328,786
34,934,254
30,927,913
(2,155,847)
32,778,407
Note
TANGIBLE FIXED ASSETS

(at cost less accumulated depreciation 5
2013
Rupees
2012
Rupees
19,759,714
18,948,286
9,001,556
4,835,107
2,870,798
1,828,379
18,535,840
6,464,220
2,111,400
820,228
1,523,650
10,919,498
38,295,554
29,867,784
(1,874,650)
29,053,264
CURRENT LIABILITIES
Short Term Loans
Creditors, Accrued & Other Liabilitie
PROPERTY AND ASSETS
CURRENT ASSETS
3
4
5,554,358
977,424
814,520
6,531,782
814,520
39,310,189
29,867,784
Stocks in Trade
Trade Debtors
Cash & Bank Balances
6
7
8
Managing Partner
OTC
PROFIT AND LOSS ACCOUNT
FOR THE PERIOD ENDED JUNE 30, 2016
Note
Sales
Less : Cost of Sales
Gross Profit
2017
Rupees
2016
Rupees
2015
Rupees
2014
Rupees
171,651,835
156,047,123
141,861,021
123,357,409
78,680,524
69,016,999
65,487,558
59,880,592
92,971,311
87,030,124
76,373,463
63,476,817
Less: Operating Expenses
Administrative Expenses
12,745,198
11,597,567
10,554,975
9,089,185
Financial Charges
4,800,000
1,200,000
1,185,000
1,057,240
17,545,198
12,797,567
11,739,975
10,146,425
75,426,112
74,232,557
64,633,488
53,330,393
4,525,567
4,453,953
3,878,009
3,199,824
70,900,546
69,778,604
60,755,478
50,130,569
Operating Profit Before Taxation
Less: Taxation
Net Profit/(Loss) for the year
Proprietor
OTC
CASH FLOW STATEMENT
2017
(Rupees)
2016
(Rupees)
2015
(Rupees)
2014
(Rupees)
70,900,546
69,778,604
60,755,478
50,130,569
2,753,790
4,800,000
2,870,878
1,200,000
3,000,976
1,185,000
1,419,244
1,057,240
7,553,790
4,070,878
4,185,976
2,476,483
(1,147,694)
(1,397,756)
(462,807)
(5,588,812)
(1,270,686)
(1,339,624)
(535,285)
(1,155,170)
(280,233)
4,748,872
(6,233,087)
355,543
(3,008,257)
(8,199,122)
(1,970,688)
(1,128,671)
CASH FLOW FROM OPERATING ACTIVITIES

FUNDS PROVIDED FROM OPERATIONS
Profit / (Loss) after Taxation
Adjustment For:
Depreciation & other Non Cash Items
Revaluation Reserve
Financial Charges
(INCREASE)/ DECREASE IN CURRENT ASSETS

Stocks in Trade
Trade Debts
Advances, deposits & pre-payments
INCREASE / (DECREASE) IN CURRENT LIABILITIES

Cash Generated From Operating Actitivies
1,733,768
1,576,153
3,756,323
10,909,564
77,179,847
67,226,512
66,727,089
62,387,945
CASH FLOW FROM INVESTING ACTIVITIES

Fixed Capital Expenditure
(1,700,000)
(1,700,000)
(6,561,449)
30,000,000
(4,800,000)
(7,226,456)
10,000,000
(1,200,000)
(6,882,339)
(1,185,000)
(1,136,343)
(2,630,000)
(1,057,240)
(3,089,049)
(6,776,288)
55,611,656
CASH FLOW FROM FINANCING
Short term Loans

Financial Charges Paid
Drawings
Net Increase/ (Decrease) in cash during the year
17,973,544
93,453,391
1,917,661
67,444,173
(2,321,343)
57,844,298
Cash and cash equivalent at the beginning of the year
183,503,261
116,059,088
58,214,791
2,603,135
276,956,652
183,503,261
116,059,088
58,214,791
Cash and cash equivalent at the end of the year
Proprietor
OTC
NOTES TO THE ACCOUNTS
2019
(Rupees)
2017
(Rupees)
2016
(Rupees)
2015
(Rupees)
2014
###
(Rupees) Rupees
1. SHORT TERM LOANS

###
Running Finance
-
40,000,000
10,000,000
40,000,000
10,000,000
###
2. CREDITORS, ACCRUED AND OTHER LIABILITIES

Creditor, Accrued & Other payables
-
3. OPERATING FIXED ASSETS

-See achedule attached
19,071,445
17,337,678
15,761,525
12,005,202
###
19,071,445
17,337,678
15,761,525
12,005,202
###
24,784,113
25,837,903
27,008,781
23,448,308
###
4. STOCKS IN TRADE
13,887,093
12,624,630
11,476,936
5,888,124
5,352,840 ###
13,887,093
12,624,630
11,476,936
5,888,124
5,352,840 ###
16,912,849
15,375,317
13,977,561
12,706,874
11,551,703 ###
7,516,722
5,895,777
4,422,191
3,082,567
2,802,334 ###
6,505,943
4,884,998
4,422,191
3,082,567
2,802,334 ###
5. TRADE DEBTORS
Trade Debtors
- Unsecured but considered good.
6. ADVACNES, DEPOSITS & PREPAYMENTS

OTC
2019
Rupees
2017
Rupees
2016
Rupees
2015
Rupees
2014
Rupees
###
Rupees
11,476,936
79,828,218
91,305,155
5,888,124
74,605,811
80,493,935
5,352,840
66,022,842
71,375,682
4,101,172
###
61,132,261
###
65,233,433
###
(12,624,630)
78,680,524
(11,476,936)
69,016,999
(5,888,124)
65,487,558
(5,352,840)
###
59,880,592
###
7. COST OF SALES
Opening Stock
Purchases
Cost of Goods Available for Sale
Less: Closing Stock
Cost of Goods Manufactured

Raw Material Consumed
Wages & other Benefits
Carriage Inward
Repair & Maintenance
Depreciation
Bardana
Misc. Expenses
121,016,086
6,349,228
1,442,525
2,600,858
2,671,177
2,770,986
1,500,682
138,351,542
113,099,146
5,933,858
1,348,154
2,430,708
2,784,752
2,589,707
1,402,507
129,588,831
105,700,136
5,545,662
1,259,957
2,271,690
2,910,946
2,420,287
1,310,754
121,419,432
98,785,174
###
5,182,861
###
1,177,530
###
2,123,075
###
1,376,666
###
2,261,950
###
1,225,004
###
112,132,261
###
5,202,097
1,046,779
1,322,165
106,572
436,476
183,304
481,069
198,385
86,726
1,021,079
#REF!
3,260,150
413,206
170,836
4,729,179
951,617
1,201,968
96,884
396,796
166,640
437,335
180,350
78,842
928,253
82,614
2,963,772
375,642
155,306
4,299,254
865,107
1,092,698
88,076
360,724
151,491
397,578
163,955
71,674
843,867
86,126
2,694,339
341,492
141,187
3,908,413
786,461
993,362
80,069
327,931
137,719
361,434
149,050
65,158
767,152
90,029
2,449,399
310,448
128,352
3,312,214
###
666,492
###
841,832
###
67,855
###
277,907
###
116,711
###
306,300
###
126,314
###
55,219
###
650,128
###
42,577
###
2,226,726
###
282,225
###
116,684
###
#REF!
12,745,198
11,597,567
10,554,975
9,089,185
###
4,800,000
1,200,000
1,185,000
1,057,240
###
4,800,000
1,200,000
1,185,000
1,057,240
###
8. ADMINISTRATIVE EXPENSES
Salaries & Benefits
Entertainment Expenses
Travelling & Conveyance
Printing & Stationery
Telephone & Communications
Electricity
Legal & Professional Charges
Newspaper & Periodicals
Packing Charges
Depreciation
Commission
Freight Outwards
Misc. Expenses
9. FINANCIAL & OTHER CHARGES

Financial & Other Charges
Proprietor
Managing Partner
3. FOLLOWING IS THE DETAIL OF TANGIBLE FIXED ASSETS AS AT JUNE 30, 2015
C
DESCRIPTION
Building
6,160,208
305,765
Office & Equipments
152,806
Motor Bikes
330,240
2015
1,059,029
Furniture & Fixture
Additions /
(Deletions)
21,600,468
Generator
3.1.
As on
01-07-2014
401,241
-
23,448,308
6,561,449
DEPRECIATION
As on
30-06-2015
Rate
%
Charge for
the Year
W.D.V.
As on
30-06-2015
27,760,676
10
2,776,067.60
24,984,608
305,765
10
30,577
275,189
1,460,270
10
146,027
1,314,243
152,806
10
15,281
137,525
330,240
10
33,024
297,216
3,000,976
27,008,781
30,009,757
Depreciation has been charged as follows:

2015
RUPEES
Cost of Sales
Administration Expenses
2,910,946.43
90,029
3,000,976
C
DESCRIPTION
As on
01-07-2015
Additions /
(Deletions)
DEPRECIATION
As on
30-06-2016
Rate
%
Charge for
the Year
W.D.V.
As on
30-06-2016
Building
24,984,608
Generator
Office & Equipments
3.1.
26,484,608
10
2,648,461
23,836,148
275,189
275,189
10
27,519
247,670
1,314,243
1,314,243
10
131,424
1,182,819
337,525
10
33,753
303,773
297,216
10
29,722
267,494
2,870,878
25,837,903
Furniture & Fixture
137,525
Motor Bikes
297,216
2016
1,500,000
200,000
27,008,781
1,700,000
28,708,781

2016
RUPEES
Cost of Sales
2,784,752
86,126
2,870,878
C
DESCRIPTION
Building
Generator
Office & Equipments
As on
01-07-2016
23,836,148
Additions /
(Deletions)
1,500,000
DEPRECIATION
As on
30-06-2017
Rate
%
Charge for
the Year
W.D.V.
As on
30-06-2017
25,336,148
10
2,533,615
22,802,533
247,670
247,670
10
24,767
222,903
1,182,819
1,182,819
10
118,282
1,064,537
503,773
10
50,377
453,396
267,494
10
26,749
240,745
Furniture & Fixture
303,773
Motor Bikes
267,494
200,000
2017
3.1.
25,837,903
1,700,000
27,537,903

2017
RUPEES
Cost of Sales
2,671,177
82,614
2,753,790
2,753,790
24,784,113
DNI RICE MILLS

ALANCE SHEET
ON JUNE 30, 2014
Note
CAPITAL
Partners' Capital
Less: Drawings
2014
Rupees
2013
Rupees
32,309,744
29,053,264
6,337,928
5,880,991
38,647,672
34,934,254
(2,808,226)
35,839,446
Note

2014
Rupees
2013
Rupees
18,383,743
19,759,714
10,101,712
5,318,618
3,157,878
2,603,135
21,181,342
9,001,556
4,835,107
2,870,798
2,374,351
19,081,812
39,565,084
38,841,526
(2,624,510)
32,309,744
CURRENT LIABILITIES
Short Term Loans
Creditors, Accrued & Other Liabi
PROPERTY AND ASSETS
CURRENT ASSETS
1
2
2,630,000
1,095,638
5,554,358
977,424
3,725,638
6,531,782
39,565,084
38,841,526
Stocks in Trade
Trade Debtors
4
5
7
Managing Partner
MADNI RICE MILLS

FOR THE YEAR ENDED JUNE 30, 2014
Note
Sales
Gross Profit
2014
Rupees
2013
Rupees
###
164,476,546
153,716,398
148,507,474
139,205,448
15,969,072
14,510,950
8,265,468
7,732,023
Financial Charges
961,127
522,554
9,226,595
8,254,577
6,742,477
6,256,373
404,549
375,382
6,337,928
5,880,991
Less: Taxation
MADNI RICE MILLS

CASH FLOW STATEMENT
2014
(Rupees)
2013
(Rupees)

6,337,928
5,880,991
1,375,971
961,127
1,528,857
522,554
2,337,098
2,051,411
(1,100,156)
(483,511)
(287,080)
(2,537,336)
(2,723,707)
(2,050,570)
(1,870,746)
(7,311,613)
Adjustment For:
Financial Charges

Stocks in Trade
Trade Debts

118,214
162,904
6,922,495
783,693

(2,340,285)
Short term Loans

Drawings

(2,924,358)
(961,127)
(2,808,226)
(6,693,711)
228,784
5,554,358
(522,554)
(2,624,510)
2,407,294
850,701
2,374,351
1,523,650
2,603,135
2,374,351
Managing Partner
MADNI RICE MILLS

2014
Rupees
2013
Rupees
1. SHORT TERM LOANS

Bank of Punjab Cash Finance)
1.1
2,630,000
5,554,358
2,630,000
5,554,358
1.1 This represent a short term Cash Finance from Bank of Punjab on markup basis and is secured against Property
and Pledge of Rice / Paddy against a sanctioned limit of Rs. 10 Million.

Creditor, Accrued & Other payables
1,095,638
977,424
1,095,638
977,424
18,383,743
19,759,714
Rice
8,384,561
7,440,510
Broken Rice
1,580,841
1,437,128
Rice Powder
136,310
123,918
26,116
23,742
10,101,712
9,001,556
5,318,618
4,835,107
3,157,878
2,870,798
3,157,878
2,870,798

4. STOCKS IN TRADE
Chilka Rice
5. TRADE DEBTORS
Trade Debtors

MADNI RICE MILLS

2014
Rupees
2013
Rupees
7. COST OF SALES
Opening Stock
Less: Closing Stock

Wages & other Benefits
Carriage Inward
Depreciation
Bardana
Misc. Expenses
9,001,556
129,404,207
138,405,763
6,464,220
123,739,672
130,203,892
(10,101,712)
148,507,474
(9,001,556)
139,205,448
118,284,547
4,319,051
981,275
1,769,229
1,334,692
1,601,773
1,113,640
129,404,207
112,937,663
4,113,382
934,548
1,684,980
1,482,991
1,525,498
1,060,609
123,739,672
3,011,104
605,902
765,302
61,687
252,643
106,101
278,455
114,830
50,199
591,026
41,279
2,024,296
256,568
106,076
2,814,116
566,264
715,235
57,651
236,115
99,160
260,238
107,318
46,915
552,361
45,866
1,891,866
239,784
99,136
8,265,468
7,732,023
961,127
522,554
961,127
522,554
Salaries & Benefits
Electricity
Newspaper & Periodicals
Packing Charges
Depreciation
Commission
Freight Outwards
Misc. Expenses
9. FINANCIAL & OTHER CHARGES

Financial & Other Charges
Managing Partner
3. FOLLOWING IS THE DETAIL OF TANGIBLE FIXED ASSETS
DEPRECIATION
Additions /
(Deletions)
As on
30-06-2014
Land
6,000,000
6,000,000
Building
3,754,533
3,754,533
10
375,453
3,379,079
Plant & Machinery
8,771,252
8,771,252
10
877,125
7,894,127
Tools & Equipments
1,047,669
1,047,669
10
104,767
942,902
186,260
186,260
10
18,626
167,634
1,375,971
1,528,857
18,383,743
19,759,714
Furniture & Fixture

2014
2013
19,759,714
18,948,286
2,340,285
19,759,714
21,288,571
Rate
%
Charge for
the Year
W.D.V.
As on
01-07-2013
DESCRIPTION
3.1.

2014
RUPEES
Cost of Sales
2013
RUPEES
1,334,692
41,279
1,482,991
45,866
1,375,971
1,528,857
As on
30-06-2014
6,000,000
ZAMZAMAH RICE & GENERAL MILLS

BALANCE SHEET
AS ON AUGUST 31, 2010
Note
CAPITAL
Partners' Capital
Capital Introduced
Less: Drawings
2010
Rupees
2009
Rupees
101,843,073
11,001,333
89,872,690
13,906,384
112,844,406
103,779,073
(2,226,400)
110,618,006
MANAGING PARTNER
Note

2010
Rupees
2009
Rupees
59,331,811
54,741,232
138,560,691
25,568,556
13,308,927
2,559,266
179,997,440
56,260,541
7,152,168
7,533,118
3,118,100
74,063,927
239,329,251
128,805,159
(1,936,000)
101,843,073
CURRENT LIABILITIES
Short Term Loans
PROPERTY AND ASSETS
CURRENT ASSETS
3
4
122,066,314
6,644,931
20,921,240
6,040,846
128,711,245
26,962,086
239,329,251
128,805,159
Stocks in Trade
Trade Debtors
6
7
8

FOR THE YEAR ENDED AUGUST 31, 2010
Note
Sales
Gross Profit
2010
Rupees
2009
Rupees
354,026,157
264,846,100
309,772,887
231,959,415
44,253,270
32,886,685
10
7,347,383
6,865,822
Selling & Distribution Expenses
11
6,564,290
5,247,234
16,213,148
2,231,783
30,124,820
14,344,839
14,128,450
18,541,846
3,127,117
4,635,462
11,001,333
13,906,384
Financial Charges
Less: Taxation
Managing Partner
ZAMAZAMAH RICE & GENERAL MILLS

CASH FLOW STATEMENT
FOR THE YEAR ENDED ON AUGUST 31, 2010
2010
(Rupees)
2009
(Rupees)
14,128,450
18,541,846

Profit / (Loss) Before Taxation
Adjustment For:
Provision for taxation
Financial Charges
3,656,692
(3,127,117)
16,213,148
16,742,723
3,105,880
(4,635,462)
2,231,783
702,201

Stocks in Trade
Trade Debts
(82,300,150)
(18,416,388)
(5,775,809)
(12,582,976)
(2,476,908)
(2,500,983)
(106,492,347)
(17,560,867)

604,085
(75,017,089)
(253,147)
1,430,032

(8,247,271)
(9,533,250)
Short term Loans

Drawings
101,145,074
(16,213,148)
(2,226,400)
14,410,561
(2,231,783)
(1,936,000)
82,705,526
(558,834)

10,242,778
2,139,560
3,118,100
978,540
2,559,266
3,118,100
Managing Partner

2010
(Rupees)
2009
(Rupees)
3. SHORT TERM LOANS

Bank Alfalah Ltd. (Running Finance)
3.1
24,158,144
Bank Alfalah Ltd. (Cash Finance)
3.2
97,908,170
122,066,314
20,921,240
20,921,240
3.1 This represent a short term Running Finance facility obtained from Bank Alfalah Ltd on markup basis and is secured
against the mortgage of factory land & building.
3.2 This represent a short term Cash Finance facility obtained from Bank Alfalah Ltd on markup basis and is secured
against the hypothecation of stocks of rice.
Electircity & Telephone Bills
199,693
181,540
Salaries & Misc.
418,237
380,215
3,127,117
4,635,462
Other payable
2,899,884
843,629
6,644,931
6,040,846
22,070,566
8,941,160
2,512,752
1,675,168
113,977,373
45,644,213
138,560,691
56,260,541
25,568,556
7,152,168
340,940
741,793
12,226,195
13,308,927
340,940
205,781
6,986,397
7,533,118

6. STOCKS IN TRADE
Raw Material
Packing Material
Finished Goods
7. TRADE DEBTORS
Trade Debtors

Security to Wapda
Advances to Staf
Advances to Suppliers

2010
Rupees
2009
Rupees
9. COST OF SALES
Opening Stock
Less: Closing Stock

Fuel & Power
Packing Material
Wages
Depreciation
45,644,213
378,106,047
423,750,260
36,982,910
240,620,718
277,603,628
113,977,373
309,772,887
45,644,213
231,959,415
364,656,080
1,597,217
6,582,865
2,710,202
2,559,684
378,106,047
228,976,792
1,388,884
5,724,230
2,356,697
2,174,115
240,620,718
1,619,941
242,027
410,960
602,928
415,604
125,862
267,667
773,456
1,605,161
49,631
1,097,008
137,137
7,347,383
1,542,801
230,502
391,390
574,217
395,813
119,869
254,921
736,625
1,528,725
47,268
931,764
111,929
6,865,822
979,153
615,138
3,549,926
1,420,073
6,564,290
782,696
491,717
2,837,671
1,135,150
5,247,234

Salaries & Benefits
Repair of Bardana
Staf Welfare
Loading & Unloading
Depreciation
Misc. Expenses
11. SELLING & DISTRIBUTION EXPENSES

Salaries & Benefits
Advertisement & Label charges
Carriage Outwards
Discount on Sales
Managing Partner

C
DEPRECIATION
Rate
%
Charge for
the Year
W.D.V.
As on
01-09-2009
Additions /
(Deletions)
As on
31-08-2010
Land
11,068,168
11,068,168
Building
30,415,479
752,147
31,167,626
1,558,381
29,609,245
Plant & Machinery
12,715,078
7,495,124
20,210,202
10
2,021,020
18,189,182
DESCRIPTION
As on
31-08-2010
11,068,168
Tools & Equipments
312,107
312,107
10
31,211
280,896
Vehicles
230,400
230,400
20
46,080
184,320
3,656,692
3,105,880
59,331,811
54,741,232
2010
2009
5.1.
54,741,232
48,313,862
8,247,271
9,533,250
62,988,503
57,847,112

2010
RUPEES
Cost of Sales
70 %
Administration Expenses 30 %
2009
RUPEES
2,559,684
1,097,008
2,174,116
931,764
3,656,692
3,105,880

BALANCE SHEET
Note
CAPITAL
Partners' Capital
Capital Introduced
Less: Drawings
2009
Rupees
2008
Rupees
89,872,690
13,906,384
77,172,811
14,459,879
103,779,074
(1,936,000)
91,632,690
(1,760,000)
101,843,074
89,872,690
CURRENT LIABILITIES
Short Term Loans
MANAGING PARTNER
PROPERTY AND ASSETS
Note

2009
Rupees
2008
Rupees
54,741,232
48,313,862
56,260,541
7,152,168
7,533,118
3,118,100
74,063,927
43,677,565
4,675,260
5,032,135
978,540
54,363,500
128,805,159
102,677,362
CURRENT ASSETS
3
4
20,921,240
6,040,846
6,510,679
6,293,993
26,962,086
12,804,672
128,805,159
102,677,362
Stocks in Trade
Trade Debtors
6
7
8

Note
Sales
Gross Profit
2009
Rupees
2008
Rupees
264,846,100
307,910,154
231,959,415
268,297,745
32,886,685
39,612,409
10
6,865,822
7,282,176
11
5,247,234
5,372,714
2,231,783
7,677,680
14,344,839
20,332,570
18,541,846
19,279,839
4,635,462
4,819,960
13,906,384
14,459,879
Financial Charges
Less: Taxation
Managing Partner

CASH FLOW STATEMENT
2009
(Rupees)
2008
(Rupees)
18,541,846
19,279,839

Adjustment For:
Financial Charges
3,105,880
(4,635,462)
2,231,783
2,863,613
(4,819,960)
7,677,680
702,201
5,721,333

Stocks in Trade
Trade Debts
(12,582,976)
(2,476,908)
(2,500,983)
7,864,402
(461,100)
(290,014)
(17,560,867)
7,113,288
(253,147)
926,128

1,430,032
33,040,587

(9,533,250)
Short term Loans

Drawings

14,410,561
(2,231,783)
(1,936,000)
10,242,778
2,139,560
(24,143,067)
(7,677,680)
(1,760,000)
(33,580,747)
(540,160)
978,540
1,518,700
3,118,100
978,540
Managing Partner

2009
(Rupees)
2008
(Rupees)
3. SHORT TERM LOANS

3.1
3.2
20,921,240
20,921,240
6,510,679
###
6,510,679
3.1 This represent a short term Running Finance facility obtained from Bank Alfalah Ltd. The facility
carries mark up rate of 6 months Kibor plus 2.5% and is secured against the mortgage of factory land,
building plant & machinery.
3.2 This represent a short term Cash Finance facility obtained from Bank Alfalah Ltd. This facility
carries mark up rate of 6 months Kibor plus 2% and is secured against the hypothecation of stocks of
rice.
181,540
165,036
Salaries & Misc.
380,215
345,650
4,919,663
4,819,960
559,428
963,347
6,040,846
6,293,993
Raw Material
8,941,160
12,594,000
Packing Material
1,475,168
1,122,336
45,844,213
29,961,229
56,260,541
43,677,565
7,152,168
4,675,260
340,940
205,781
6,986,397
7,533,118
340,940
175,000
4,516,195
5,032,135

Markup payable

6. STOCKS IN TRADE
Finished Goods
7. TRADE DEBTORS
Trade Debtors

Security to Wapda
Advances to Staf

2009
Rupees
2008
Rupees
9. COST OF SALES
Opening Stock
Less: Closing Stock

Fuel & Power
Packing Material
Wages
Depreciation
36,982,910
231,959,415
268,942,325
40,494,627
268,297,745
308,792,372
45,644,213
223,298,112
36,982,910
271,809,462
220,315,489
1,388,884
5,724,230
2,356,697
2,174,115
231,959,415
258,511,356
1,111,107
4,770,192
1,900,562
2,004,529
268,297,745
1,542,801
230,502
391,390
574,217
395,813
119,869
254,921
736,625
1,528,725
47,268
931,764
111,929
6,865,822
1,527,526
228,220
387,515
568,531
391,894
118,682
252,397
729,331
1,513,589
46,800
859,084
658,608
7,282,176
782,696
491,717
2,837,671
1,135,150
5,247,234
876,269
681,647
2,728,530
1,086,268
5,372,714

Salaries & Benefits
Repair of Bardana
Staf Welfare
Loading & Unloading
Depreciation
Misc. Expenses

Salaries & Benefits
Carriage Outwards
Discount on Sales
Managing Partner

C
DESCRIPTION
Land
11,068,168
Building
22,483,044
Plant & Machinery
14,127,865
Tools & Equipments

Vehicles
2009
2008
5.1.
As on
01-09-08
Additions /
(Deletions)
As on
31-08-09
Rate
%
Charge for
the Year
32,016,294
1,600,815
30,415,479
14,127,865
10
1,412,786
12,715,078
346,785
346,785
10
34,679
312,107
288,000
288,000
20
57,600
230,400
3,105,880
2,863,613
54,741,232
48,313,862
9,533,250
-
57,847,112
51,177,474

2009
RUPEES
Cost of Sales
70 %
As on
31-08-09
9,533,250
W.D.V.
11,068,168
48,313,862
51,177,474
DEPRECIATION
2008
RUPEES
2,174,115
931,764
2,004,529
859,084
3,105,879
2,863,613
11,068,168

FINANCIAL HIGH LIGHTS
2006
2007
2008
157,832,147
273,848,980
307,910,154
11.06
12.14
12.86
0.36
4.57
4.70
STOCK IN TRADE
51,712,647
51,541,967
43,677,565
TRADE DEBTORS
3,275,100
4,214,160
4,675,260
CREDITORS
4,527,170
5,367,865
6,293,993
117.95
67.76
51.07
7.5
5.5
5.5
1.47
1.72
4.25
18,872,130
25,995,337
41,558,828
SALES
GROSS PROFIT
NET PROFIT
INVENTORY TURNOVER DAYS

DEBTORS TURNOVER DAYS
CURRENT RATIO
WORKING CAPITAL

BALANCE SHEET
Note
CAPITAL
Partners' Capital
Capital Introduced
Less: Drawings
2008
Rupees
2007
Rupees
77,172,811
14,459,879
66,268,706
12,504,105
91,632,690
(1,760,000)
78,772,811
(1,600,000)
89,872,690
77,172,811
CURRENT LIABILITIES
Short Term Loans
MANAGING PARTNER
PROPERTY AND ASSETS
Note

2008
Rupees
2007
Rupees
48,313,862
51,177,474
43,677,565
4,675,260
5,032,135
978,540
54,363,500
51,541,967
4,214,160
4,742,121
1,518,700
62,016,948
102,677,362
113,194,422
CURRENT ASSETS
3
4
6,510,679
6,293,993
30,653,746
5,367,865
12,804,672
36,021,611
102,677,362
113,194,422
Stocks in Trade
Trade Debtors
6
7
8

Note
Sales
Gross Profit
2008
Rupees
2007
Rupees
307,910,154
273,848,980
268,297,745
240,609,541
39,612,409
33,239,439
10
7,282,176
6,289,352
11
5,372,714
4,692,327
7,677,680
5,585,620
20,332,571
16,567,299
19,279,839
16,672,140
4,819,960
4,168,035
14,459,879
12,504,105
Financial Charges
Less: Taxation
Managing Partner

CASH FLOW STATEMENT
2008
(Rupees)
2007
(Rupees)
19,279,839
16,672,140

Adjustment For:
Financial Charges
2,863,613
(4,819,960)
7,677,680
3,122,592
(4,168,035)
5,585,620
5,721,333
4,540,177

Stocks in Trade
Trade Debts
7,864,402
(461,100)
(290,014)
7,113,288
170,680
(939,060)
(2,334,431)
(3,102,811)

926,128
840,695
33,040,587
18,950,201

(6,903,490)
Capital / Addition to capital

Short term Loans
Drawings

(24,143,067)
(7,677,680)
(1,760,000)
(5,060,749)
(5,585,620)
(1,600,000)
(33,580,747)
(540,160)
(12,246,369)
(199,658)
1,518,700
1,718,358
978,540
1,518,700
Managing Partner

2008
(Rupees)
2007
(Rupees)
3. SHORT TERM LOANS

3.1
3.2
6,510,679
6,510,679
13,523,346
17,130,400
30,653,746
3.1 This represent a short term Running Finance facility obtained from Bank Alfalah Ltd. The facility
carries mark up rate of 6 months Kibor plus 2.5% and is secured against the mortgage of factory land,
building plant & machinery.
3.2 This represent a short term Cash Finance facility obtained from Bank Alfalah Ltd. This facility
carries mark up rate of 6 months Kibor plus 2% and is secured against the hypothecation of stocks of
rice.
165,036
96,994
Salaries & Misc.
345,650
325,800
4,819,960
4,168,035
963,347
777,036
6,293,993
5,367,865
12,594,000
10,075,200
1,122,336
972,140
29,961,229
40,494,627
43,677,565
51,541,967
4,675,260
4,214,160
340,940
175,000
4,516,195
5,032,135
340,940
136,000
4,265,181
4,742,121

Markup payable

6. STOCKS IN TRADE
Raw Material
Packing Material
Finished Goods
7. TRADE DEBTORS
Trade Debtors

Security to Wapda
Advances to Staf

2008
Rupees
2007
Rupees
9. COST OF SALES
Opening Stock
Less: Closing Stock

Fuel & Power
Packing Material
Wages
Depreciation
40,494,627
268,297,745
308,792,372
48,518,750
240,609,541
289,128,291
36,982,910
271,809,462
40,494,627
248,633,664
258,511,356
1,111,107
4,770,192
1,900,562
2,004,528
268,297,745
231,949,676
966,180
3,975,160
1,532,711
2,185,814
240,609,541
1,527,526
228,220
387,515
568,531
391,894
118,682
252,397
729,331
1,513,589
46,800
859,084
658,608
7,282,176
1,272,938
190,183
322,929
473,776
326,578
98,902
210,331
607,776
1,261,324
39,000
936,778
548,840
6,289,352
876,269
681,647
2,728,530
1,086,268
5,372,714
765,300
595,325
2,382,996
948,706
4,692,327

Salaries & Benefits
Repair of Bardana
Staf Welfare
Loading & Unloading
Depreciation
Misc. Expenses

Salaries & Benefits
Carriage Outwards
Discount on Sales
Managing Partner

C
DESCRIPTION
Additions /
(Deletions)
DEPRECIATION
As on
31-08-08
Rate
%
Charge for
the Year
As on
31-08-08
11,068,168
11,068,168
Building
23,666,362
23,666,362
1,183,318
22,483,044
Plant & Machinery
15,697,627
15,697,627
10
1,569,763
14,127,865
Tools & Equipments
385,317
385,317
10
38,532
346,785
Vehicles
360,000
360,000
20
72,000
288,000
2,863,613
3,122,592
48,313,862
51,177,474
51,177,474
47,396,576
6,903,490
51,177,474
54,300,066
W.D.V.
Land
2008
2007
5.1.
As on
01-09-07

2008
RUPEES
Cost of Sales
70 %
2007
RUPEES
2,004,528
859,084
2,185,814
936,778
2,863,612
3,122,592
11,068,168

BALANCE SHEET

Note
CAPITAL
Partners' Capital
Capital Introduced
Less: Drawings
2007
Rupees
2006
Rupees
66,268,706
12,504,105
53,875,720
7,750,000
5,692,986
78,772,811
(1,600,000)
67,318,706
(1,050,000)
77,172,811
66,268,706
CURRENT LIABILITIES
Short Term Loans
PROPERTY AND ASSETS
Note

2007
Rupees
2006
Rupees
51,177,474
47,396,576
51,541,967
4,214,160
4,742,121
1,518,700
62,016,948
51,712,647
3,275,100
2,407,690
1,718,358
59,113,795
113,194,422
106,510,371
CURRENT ASSETS
3
4
30,653,746
5,367,865
35,714,495
4,527,170
36,021,611
40,241,665
113,194,422
106,510,371
Stocks in Trade
Trade Debtors
6
7
8
MANAGING PARTNER

Note
Sales
Gross Profit
2007
Rupees
2006
Rupees
273,848,980
157,832,147
240,609,541
140,368,654
33,239,439
17,463,493
10
6,289,352
3,454,599
11
4,692,327
1,679,835
5,585,620
3,766,773
16,567,299
8,901,207
16,672,140
8,562,286
4,168,035
2,869,300
12,504,105
5,692,986
Financial Charges
Less: Taxation
Managing Partner

CASH FLOW STATEMENT
2007
(Rupees)
16,672,140
Adjustment For:
Financial Charges
3,122,592
(4,168,035)
5,585,620
4,540,177

Stocks in Trade
Trade Debts
170,680
(939,060)
(2,334,431)
(3,102,811)
840,695
18,950,201

(6,903,490)
Capital / Addition to capital

Short term Loans
Drawings

(5,060,749)
(5,585,620)
(1,600,000)
(12,246,369)
(199,658)
1,718,358
1,518,700
Managing Partner
2006
(Rupees)
8,562,286
2,864,745
(2,869,300)
3,766,773
3,762,218
(51,712,647)
(3,275,100)
(2,407,690)
(57,395,437)
4,527,170
(40,543,763)
(50,261,321)
61,625,720
35,714,495
(3,766,773)
(1,050,000)
92,523,442
1,718,358
1,718,358
Managing Partner

2007
(Rupees)
2006
(Rupees)
3. SHORT TERM LOANS

3.1
13,523,346
9,897,736
3.2
17,130,400
25,816,759
30,653,746
35,714,495
3.1 This represent a short term Running Finance facility obtained from Bank Alfalah Ltd. The facility carries
mark up rate of 6 months Kibor plus 2.5% and is secured against the mortgage of factory land, building plant
& machinery.
3.2 This represent a short term Cash Finance facility obtained from Bank Alfalah Ltd. This facility carries
mark up rate of 6 months Kibor plus 2% and is secured against the hypothecation of stocks of rice.
Salaries & Misc.
Markup payable
96,994
27,220
325,800
220,400
4,168,035
2,869,300
777,036
1,410,250
5,367,865
4,527,170
10,075,200
2,575,133
972,140
618,764

6. STOCKS IN TRADE
Raw Material
Packing Material
Finished Goods
40,494,627
48,518,750
51,541,967
51,712,647
4,214,160
3,275,100
340,940
136,000
4,265,181
4,742,121
340,940
48,000
2,018,750
2,407,690
7. TRADE DEBTORS
Trade Debtors

Security to Wapda
Advances to Staf

2007
Rupees
2006
Rupees
9. COST OF SALES
Opening Stock
Less: Closing Stock

Fuel & Power
Packing Material
Wages
Depreciation
48,518,750
240,609,541
289,128,291
188,887,404
188,887,404
40,494,627
248,633,664
48,518,750
140,368,654
231,949,676
966,180
3,975,160
1,532,711
2,185,814
240,609,541
180,408,032
966,180
3,975,160
1,532,711
2,005,322
188,887,405
1,272,938
190,183
322,929
473,776
326,578
98,902
210,331
607,776
1,261,324
39,000
936,778
548,840
6,289,352
618,350
72,146
185,774
394,813
272,148
82,418
175,276
89,813
384,437
20,000
859,424
300,000
3,454,599
765,300
595,325
2,382,996
948,706
4,692,327
525,100
218,756
597,833
338,146
1,679,835

Salaries & Benefits
Repair of Bardana
Staf Welfare
Loading & Unloading
Depreciation
Misc. Expenses

Salaries & Benefits
Carriage Outwards
Discount on Sales
Managing Partner
5. FOLLOWING IS THE DETAIL OF TANGIBLE FIXED ASSETS,

C
DESCRIPTION
As on
01-09-06
Land
11,068,168
Building
20,036,835
Plant & Machinery
15,863,443
Tools & Equipments

Vehicles
5.1.
Additions /
(Deletions)
DEPRECIATION
As on
31-08-07
Charge for
the Year
4,875,125
24,911,960
1,245,598
23,666,362
1,578,365
17,441,808
10
1,744,181
15,697,627
428,130
10
42,813
385,317
450,000
450,000
20
90,000
360,000
6,903,490
18,567,045
54,300,066
50,261,321
3,122,592
2,864,745
51,177,474
47,396,576
70 %
2,185,814
2,005,322
936,778
859,424
3,122,591
2,864,745
47,396,576
31,694,276
As on
31-08-07
428,130
Rate
%
W.D.V.
11,068,168
2007
2006

Cost of Sales
11,068,168

BALANCE SHEET

Note
2006
Rupees
CAPITAL
Partners' Capital
Capital Introduced
53,875,720
7,750,000
5,692,986
Less: Drawings
PROPERTY AND ASSETS
Note
2006
Rupees

5
47,396,576
6
Stocks in Trade
Trade Debtors
7
Advances, Deposits & Prepayments 8
51,712,647
(at cost less accumulated depreciation)
67,318,706
1,050,000
66,268,706
CURRENT LIABILITIES
Short Term Loans
3
Creditors, Accrued & Other Liabilitie 4
CURRENT ASSETS
35,714,495
4,527,170
40,241,665
106,510,371
MANAGING PARTNER
3,275,100
2,407,690
1,718,358
59,113,795
106,510,371

Note
Sales
2006
Rupees
157,832,147
9
Gross Profit
140,368,654
17,463,493
Financial Charges
10
11
3,454,599
1,679,835
3,766,773
8,901,207
8,562,286
Less: Provision for Taxation
2,869,300
Net Profit After Tax
5,692,986
MANAGING PARTNER

CASH FLOW STATEMENT
2006
(Rupees)

FUNDS PROVIDED FROM OPERATION
5,692,986
Adjustment For:
Drawings
Financial Charges
2,864,745
1,050,000
3,766,773
7,681,518
Stocks in Trade
(51,712,647)
Trade Debts
(3,275,100)
25,886,754
(29,100,993)

3,154,000
(12,572,489)

(18,567,045)

Short term Loans
Drawings
35,714,495
(3,766,773)
(1,050,000)
30,897,722
(241,811)
Opening Cash Balance
1,960,170
Closing Cash Balance
1,718,358

2006
(Rupees)
3. SHORT TERM LOANS
Allied Bank Ltd. (Running Finance)
3.1
9,897,736
Allied Bank Ltd. (Cash Finance)
3.2
25,816,759
35,714,495
3.1 This represent a short term Running Finance facility obtained from Allied Bank Ltd. The facility carries mark up rate of
6 months Kibor plus 2.5 % and is secured against the mortgage of factory land, building plant & machinery.
3.2 This represent a short term Cash Finance facility obtained from Allied Bank Ltd. This facility carries mark up rate of
6 months Kibor plus 2 % and is secured against the hypothecation of stocks of rice.

Telephone Bills
27,220
Salaries & Misc.
220,400
2,869,300
Markup payable
1,410,250
4,527,170
5. FOLLOWING IS THE DETAIL OF TANGIBLE FIXED ASSETS,

C
DESCRIPTION
As on
01-09-05
Land
11,068,168
Building
14,575,260
6,050,848
Plant & Machinery

Tools & Equipments
TOTAL
5.1.
31,694,276
Additions /
(Deletions)
-
DEPRECIATION
As on
31-08-06
Rate
%
W.D.V.
Charge for
the Year
-
As on
31-08-06
11,068,168
11,068,168
6,516,145
21,091,405
1,054,570
20,036,835
11,575,200
17,626,048
10
1,762,605
15,863,443
475,700
475,700
10
47,570
428,130
18,567,045
50,261,321
2,864,745
47,396,576

Cost of Sales
70 %
2,005,321
859,424
2,864,745
6. STOCKS IN TRADE
Raw Material
Packing Material
Finished Goods
2,575,133
618,764
48,518,750
51,712,647

2006
Rupees
7. TRADE DEBTORS
Trade Debtors
3,275,100

Security to Wapda
Advances to Staf
340,940
48,000
2,018,750
2,407,690
9. COST OF SALES
Opening Stock
Less: Closing Stock

Fuel & Power
Packing Material
Wages
Depreciation
188,887,404
188,887,404
48,518,750
140,368,654
180,408,032
966,180
3,975,160
1,532,711
2,005,321
188,887,404

Salaries & Benefits
Repair of Bardana
Staf Welfare
Loading & Unloading
Depreciation
Misc. Expenses
618,350
72,146
185,774
394,813
272,148
82,418
175,276
89,813
384,437
20,000
859,424
300,000
3,454,599

Salaries & Benefits
Carriage Outwards
Discount on Sales
MANAGING PARTNER
525,100
218,756
597,833
338,146
1,679,835

OTC Final Accounts 2016

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OTC

Creditors, Accrued & Other Liabili

PROPERTY AND ASSETS

OPERATING FIXED ASSETS

MADNI RICE MILLS

TANGIBLE FIXED ASSETS

PROPERTY AND ASSETS

Less : Cost of Sales

Less: Operating Expenses

Operating Profit Before Taxation

Net Profit/(Loss) for the year

CASH FLOW FROM OPERATING ACTIVITIES

(INCREASE)/ DECREASE IN CURRENT ASSETS

INCREASE / (DECREASE) IN CURRENT LIABILITIES

CASH FLOW FROM INVESTING ACTIVITIES

CASH FLOW FROM FINANCING

Short term Loans

Net Increase/ (Decrease) in cash during the year

Cash and cash equivalent at the beginning of the year

Cash and cash equivalent at the end of the year

1. SHORT TERM LOANS

2. CREDITORS, ACCRUED AND OTHER LIABILITIES

3. OPERATING FIXED ASSETS

- Unsecured but considered good.

6. ADVACNES, DEPOSITS & PREPAYMENTS

Less: Closing Stock

Cost of Goods Manufactured

9. FINANCIAL & OTHER CHARGES

3. FOLLOWING IS THE DETAIL OF TANGIBLE FIXED ASSETS AS AT JUNE 30, 2015

Office & Equipments

Furniture & Fixture

Depreciation has been charged as follows:

3. FOLLOWING IS THE DETAIL OF TANGIBLE FIXED ASSETS AS AT JUNE 30, 2016

Furniture & Fixture

Depreciation has been charged as follows:

3. FOLLOWING IS THE DETAIL OF TANGIBLE FIXED ASSETS AS AT JUNE 30, 2017

Furniture & Fixture

Depreciation has been charged as follows:

DNI RICE MILLS

TANGIBLE FIXED ASSETS

PROPERTY AND ASSETS

MADNI RICE MILLS

Less: Operating Expenses

Operating Profit Before Taxation

Net Profit/(Loss) for the year

MADNI RICE MILLS

CASH FLOW FROM OPERATING ACTIVITIES

(INCREASE)/ DECREASE IN CURRENT ASSETS

INCREASE / (DECREASE) IN CURRENT LIABILITIES

CASH FLOW FROM INVESTING ACTIVITIES

CASH FLOW FROM FINANCING

Short term Loans

Net Increase/ (Decrease) in cash during the year

MADNI RICE MILLS

1. SHORT TERM LOANS

2. CREDITORS, ACCRUED AND OTHER LIABILITIES

3. OPERATING FIXED ASSETS

- Unsecured but considered good.

6. ADVACNES, DEPOSITS & PREPAYMENTS