Welcome in The

Presentation Ceremony

Prepared by
Mohammad Sabbir Hossain
Roll No.: 1003038
Reg. No.: 02953

Performance Analysis of Mobil Jamuna Lubricants Bangladesh Ltd.

Contents of the Discussion

Company

Overview
Financial Highlights
Vertical Analysis
Income Statement
Balance Sheet

Ratio Analysis

An Overview of MJL Bangladesh Limited

MJL Bangladesh Limited (formerly Mobil

Jamuna Lubricants Limited) is the joint
venture company between state owned
Jamuna Oil Company and EC Securities
Limited(subsidiary of the East Coast Group).
o The company strictly follows a customer
first policy.
o

Graphical Presentation of Financial Highlights

Sales revenue
2010- 3,898.04 million
2011- 6, 017.28 million 54.36% grow
Gross Profit
o Gross profit represents the merchandise
profit of a company.
2010- 999,314 million
2011- 1,130,748 million

Administrative and Selling expenses

In comparison 2011 and 2010 administrative and selling
expenses of MJLBL, company is 48% increase and 2010 and
2009, it was 46% increase
Financial charge
o Comparison with 2010 and 2011 the charge is 315%
increase, 2010 and 2009 the charge was 215% increase.
o

Net Profit After Tax

o

The period of 2010 and 2011 companies profit increase by

25%.

Vertical Analysis of MJLBL Income

Statement
For The Year Ended 31 December, 2011
2011

2010

6,017,281,69

100

3,898,046,04

100%

Gross Profit t/(Loss)

1,130,748,65

19% 999,314,118

26%

Financial Charges

9
377,866,206

6%

2%

Revenue

Net Profit /(Loss) after 636,783,120

Tax

90,943,100

11% 508,337,317

13%

o
o

For calculation of vertical analysis, Revenue are

assumed as the base or 100%.
Companys gross profit in 2011 is 19%, which
is less than 7% than the previous year of its
total revenue.
Financial Charge in 2011 is 6% and in 2010 is
2% of its total revenue.

Vertical Analysis of MJLBL Financial Position

31 December
2011
31.12.2011
%
31.12.2010
%
Inventories

1,932,418,996

17%

1,039,932,035

20%

Investments

2,824,010,396

25%

640,664,148

13%

Total Assets

11,409,005,062

100%

5,089,393,964

100%

Retained Earnings

724,551,090

11%

628,727,970

19%

Total Equity

6,872,231,090

100%

3,251,127,970

100%

Short Term Loan

3,178,372,336

70%

1,110,559,290

60%

Sundry Creditors

291,124,510

6%

64,562,952

4%

Total Liabilities

4,536,773,972

100%

1,838,265,995

100%

MJLBL companies inventory increase 3% in

2011 than the previous year of its total asset.
In 2011, investment of MJLBL Company is
25% and in 2010 is 13%, so it is increasing by
12% of its total asset.
In 2011 MJLBL companies retained earnings is
8% less than the previous year of its total
equity.
In 2011, MJLBL companies deferred tax
liability decrease by 2% than the previous year
of its total liability.

Ratio Analysis
Ratio

Current Ratio
Quick Ratio

Net working
capital
Return on
asset
Return on
equity

Equation

Current Asset/Current
Liability
current asset- current
liabilities/ current liabilities
current asset- current
liabilities

Value
2010

2011

2.41: 1

1.48: 1

1.81:1

1.04:1

2,447,071,15 2,119,758,831
0

Net income/ total asset

9.98%

5.58%

Net profit/ total equity

15.63%

9.26%

Profit margin

Net income/Net sales

13.04%

10.58%

Earnings per
share
Debt to total
asset ratio

Profit after tax/ Number of

shares
(Total Asset-Total Equity) /
Total asset

3.62

3.38

36.1%

39.7%

Receivables
Turnover

(Net credit sales/ Average net

receivables)

Average
collection
period

(Average accounts
Receivable/Average daily net
credit sales*)

1.33 times 1.34 times

273.398
days

271.06
days

Inventory
Turnover
Average sales
period

(Cost of goods sold/

inventory)
(360/ inventory turnover)

The debt to
equity ratio

(Total long-term liabilities/

total stockholders equity)

The interest
(Earnings before interest and
coverage ratio
tax/ interest expenses)
Retention rate

Earnings Dividends /
Earnings

2.78 times 2.53 times

129.151

142.364

0.033

0.025

6.609

4.789

0.58

The Price
Earnings

Market price per share/

Earnings per share

42.09 times

25.25
times

Market-toBook Ratio

(Share price/ NAV per share)

6.58

2.34

Dividend
Yield

Dividends per share / Market

price per share

8.37

Dividend
Payout Ratio

Cash Dividend / Net income

2.4136

Thank You