SARITOW SPINNINS MILLS LTD.

Common Size Analysis (Vertical Analysis)

Non-Current Assets in the year 2006 are 39.35% of the total assets, it increases 40.43% and 49.01 respectively in 2007,and 2008 again increase 59.92% in 2009.61.11% in 2009 and in 2010 it increased to 69.16%. Current assets in 2006 are 60.65% of the total assets, in 2007 they are decreases 59.99% but in 2008 it decreased and become 50.57% and it show continuous decrease in 2009 of 40.08% and 30.84% in 2010. Inventory in 2006 are 27.16% which decreased to 25.99 in 2007 and reaches to 31.70% in 2008 it also decrease to 30.58% in 2009 and again decreases in 2010 and become 20.88%. Current liabilities is 78.15%in year 2006 of total liabilities which increases in 2007 to 79.02% in 2008 it was 70.22% and in 2009 it also increases to 60.60% and in 2010 it decrease to 49.24%. Non-current liabilities in year 2006 were 21.85% of total liabilities in 2007 it decreases to 20.98% in 2008 it increase and reaches to 29.78% in 2009 it reaches to 39.40% and 2010 it increase to 50.76%. Issued, subscribed and paid up capital is 149.66% in 2006 of shareholder equity in 2007 it increases to 160.18% in 2008 it was 109.22% of total shareholder equity in 2009 it increases to 496.56% and in 2010 it decreases to 120.71%, the higher percentages are because of reserves which are in negative value. Reserve in the year 2006 are -49.66% of the total shareholder equity, it decrease to 60.18% in 2007,and again increase -9.22% in 2008. 491.12% in 2009 and in 2010 it has increases to -74.55%. Cost of sales are 86.97% in 2006 which maintained to the 2008 and then it is increased to the level of 91.41% and in 2010 it again reduced to the 81.95%. Gross profit in the year 2006 are 13.07%, it decreases to 13.03% in 2007,and 13.73% in 2008, 8.59% in 2009 mean it is reduced and in 2010 it has again increases to 18.05%.

SARITOW SPINNINS MILLS LTD.

Common Size Analysis (Horizontal analysis)
A total asset in 2006 is taken as base year. In 2007 it decreased and reaches 100.56% and 95.39% in 2008, it decreased in 2009 and become 95.39% and but again in 2009, it more decreased in 2010 when it dome to 87.04% and it means companies total assets are decreasing from 2008 and decrease was almost 13% it is not good sign for the company. Total Noncurrent assets of 2006 were taken as the base year. In 2007 show a increase in the noncurrent assets of 3.32% from the base year and continuously increasing from 2007 to 2010 (103.32%, 123.96%, 145.25% and 153%) respectively. In the case of Current assets 2006 is base year and horizontal analysis show the constantly decrease in the current assets from 2007 to 2010 (98.76%, 83.67%, 63.04% and 44.26%) respectively. In Total liabilities 2006 as base year in 2007 it increases 1.80% and become 101.80% in 2008 it decrease 7.0% and total liabilities in 2008 was 93% in 2009 it increases 6.76% and become 106.76% and in 2010 20.39% in decrease and was of 80.61%. Current liabilities 2006 as base year in 2007 it increases 2.94% and it was 102.94% in 2008 it decreased 16.43% and reaches to 83.57% in 2009 it again decrease to 82.79% and in 2010 it become 50.79%. Non current liabilities in 2007 decreases 2.27% and become 97.73% in 2008 again increased and reaches to 126.73% in 2009 it become 192.49% and in 2010 it was decreased and back to 187.27%. Shareholder equity show fluctuations year by year in 2007 93.43% in 2008 137.02%, in 2009 30.14% and in 2010 123.98%. Sale 2006 100% because 2006 base year in 2007 it increase 12.94% and become 112.94% in 2008 it was 109.55% in 2009 it was 114.78% and in 2010 it increases 74.23% from the base year and become 174.23%. Net profit before tax in 2007 was decreases and become 74.69% and become 129.01% in 2008 it decreases so much that the company face loses and net profit 2009 it face a lot of loss and net profit was -330.83% but in 2010 they cover up and there profit in 2010 was 789.46%. Company may started new project and take debt 2009 and done bundles of expenses so the face loss but the project outcome are very good in 2010 so they recovered it nicely.