Monno Febrics

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Financial Statements (Monno Febics)

Ratio Analysis
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Cash Flow based Ratio Analysis
Cash Flow based Ratio Analysis's Graph
Industry Analysis for cash flow based ratio
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Industry based Cash Conversion Cycle
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Comprehensive Liquidity Index & Industry
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NetLiquidity Balance & Industry
Working Capital
working Capital & Industry Average
Common size Financial statement analysis
Valuation:
DCF
Terminal Growth Rate
Assumtions
Discount Rate
Risk Analysis
(Monno Febics) (Apex Spinning) (Sreepur Textile) (StyleCraft)
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cash flow based ratio
Conversion Cycle
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ustry Average
ial statement analysis
Menu Monno Febrics Ltd.
Balance sheet
As the december 31,2004,05,06,07,08,09
2004 2005
ASSETS
Non-current Assets 2269886998 2147310185
Propertay, plan and Equipment at cost Less Depreciation:
Land and Land Development 79456998 95316363
Building and Other Construction 412512226 505905720
Plant, Machinery and Other Equipment 1684815585 1513265403
Office Equipment 6060233 7053836
Vehicles 475214 405772
Furniture and Fictures 5040770 7053460
Sundry Assets 2818734 2718121
Capital work in Process 78707238 15591510
Total Amount 2269886998 2147310185
Curent Assats 1092461233 1040093909

Inventories: 327127392 308169660
Raw Materials 77076645 57698502
Finished Goods 83314919 71749754
Store & Spares 19281660 21957678
Work-in-process 137084478 134737776
Materials-in-transit 10369690 22025950
Trade & other receivables 662697006 610485108

Advance, deposit & pre-payament: 73140771 111751190
Advances 23419261 38674796
Deposits 24663521 31230431
Pre-payment 25057989 41845963
Cash & cash equvelent: 29496064 9687951
Cash in Hand 2699478 2584093
Cash at Banks 26796586 7103858
TOTAL ASSETS 3362348231 3187404094
EQITY & LIABILITIES
Share Holders' Equity 1464984895 1516334280

Issued and paid-up share capital 1150000000 1150000000
Share Premium 370575835 370575835
Tax Holiday Resurve 78224531 0
Retained Earnings -191315471 -73241555
Proposed Dividend 57500000 69000000
Non-Current Liabilities 936831567 801676104
Long Term Borrowing ( Secured) 927082467 790264974
Deferred Liability 9749100 11411130
Current Liabilities 960131769 869393710

Short Term Borriwings 715085474 693929869
Long Term Loans ( Current Position) 65227164 69769257
Trade & other Payables 104958209 63250014
Accured Expences 21671063 24068210
Unclaimed Dividend 6718307 8561502
Provision for Income Tax 37471248 117615
Liabilities for Other Finance 9000304 9697243
TOTAL LIABILITIES AND SHARE HOLDERS' EQUITY 3361948231 3187404094
Monno Febrics Ltd.

Profit & Loss Accout
For the Year Ended December 31, 2004, 2005, 2006, 2007, 2008,2009
Particulars 31.12.2004 31.12.2005

Net Revenue 1777722225 1369435429
Cost of Goods Sold 1357707516 1044891748
Gross Profit 420014709 324543681
Operating Expenses -62812829 -32015773

Administrative Expense -28925724 -16576098
Selling and Distribution Expenses -33887105 -15439675
Profit from Operations 357201880 292527908

Other Incomes 427688 130900
Finance Cost 226509814 217594814
Net Profit Before Contribution to WPPF 131119754 75063994

Contribution to WPPF & WFF 0 -3568242
Net Profit Before Tax 131119754 71495752

Incone Tax Provision 18734448 0
Net Profit After Tax-Tranfered to statement of change in equity 112385306 71495752

Basic Earnings per share(per value TK.100) 9.23 6.22
Number of share used 11500000 11500000
Monno Febrics Ltd.
Cash Flow Statement
For the Year Ended December 31, 2004, 2005, 2006, 2007, 2008, 2009
2004 2005
Cash Flow From Operating Activities: 271919845 245558034
Cah Receipts from Customers and others 1818915767 1422097068
Cash Paid to Suppliers and Employees 1472924093 1109891541
Cash Generated from Operation 345991674 312205527
Interest paid 70683032 65372821
Income Tax deducted at sourrce 3388797 1274672
Cash Flow From Investing Activities: -51508778 27988391

Acquisition of Property,Plant & Equipment 73609778 87179182
Cash Realissed on Leasing of Machinery 22101000 115167573
Cash Flow From Finanicng Activities: -219157848 -293354538

Decrease in Long Term Borrowings 124169569 132675400
Installment of IDCP 35626337 0
Interest on Ling Term Borrowings 95229159 83866728
Increase in Short Term Borrowings(Cash Credit) 59852293 19973781
Increase in Short Term Borrowings from Banks 31053819 1181824
Dividend Paid 55038895 55656805
Temporary Loan Refunded by MCIL 0 0
Increase in Long Term Borrowings 0 0
INCrease /( Decrease) in Cash and cash equivalents 1253219 -19808113
Cash & Cash Equivalents at Beginning of Year 28242845 29496064
Cash & Cash Equivalents at End of Year 29496064 9687951
Apex Spinning Mills Limited

Balance Sheet
As at 31st March, 2004, 2005, 2006, 2007, 2008
APPLICATION OF FUNDS: 31.03.2004 31.03.2005

Fixed Assets:
Gross Block:
Unit 1& 2
Land & development 15380057 21121902
Factory Building 11757193 10581474
Civil Construction 6172718 5555447
Plant & Machinery 37201787 31621519
Effuent Treatment Plant 0 0
Gas Installstion 1575483 1339161
Electronic Installation 374930 318691
Boiler 948232 805997
Generator 1277405 1085794
Water Treatment Plant 619710 730803
Factory Equipments 946050 804142
Other Equipments 183805 156234
Deep Tube-well & Tanks 305005 259254
Motor Vehhicles 64320 51456
Furniture & Fixtures 2291701 2062531
Laboratory Equipments 189316 160919
Office Equipments 1060878 901746
Motor Cycles 8051 6441
Sub-Total 80356641 77563511

Unit 3
Civil Construction 6223324 6479741
Plant & Machinery 144712355 189585590
Effluent Treatment Plant 8805731 7900294
Gas Installation 459492 490568
Electronic Installation 1726626 2563623
Factory Equipment 2788128 2923909
Furniture & Fixtures 6614049 7336501
Office Equipments 2690901 2920139
Generator 10195220 11245271
Boiler 4125374 3506568
Deep Tube-well & Tank 0 894680
Motor Vehicles 785000 877515
Other equipment 0 496928
Sub-total 203194753 257062012
Grand Totoal 283551394 334625523
Less: Accumulated Depreciation 0 0

Net Block 283551394 334625523
Investment: 39800000 39800000
Apex Lingerier Ltd. 15000000 15000000
ApexYarn Dyeing Ltd. 23800000 23800000
Central Depository Bangladesh ltd. 1000000 1000000
Current Asset: 242155744 311893952

Inventories: 41286394 88145964
Finish Goods 1800150 2351860
Work-in-process 4937315 8413335
Raw Material 30752739 38024641
Accessories 3796190 39356128
Trade Debtors: 108151333 114631023

Export Bill Receivable 89711972 81607154
Cash Incentive Receivable 18439361 33023869
Advance, Deposits & Prepayments: 46198903 55691542

Advance Income Tax 4072523 5508221
Staff Advantage 762099 873799
Securities & Deposits 6224967 6226967
Advance against capital work 30168416 33424623
Advance against expanses 4970898 9657932
Other Receivable 0 0
Cash & Bank Balance: 46519114 53425423
Cash in hand 34956 3293
Cash at Bank 46484158 53422130
Less: Current Liabilities 236441440 310523082
Working Capital Loan: 8837239 41321950
Estarn Bank Ltd. 8761756 31427719
HSBC, Dhaka 75483 0
Dhaka Bank Ltd. Foreign Exchange Branch,Dhaka 0 9894231
Long Term Loan-Current Maturity 0 0
Short Term Loan 0 0
Trade Creditiors 203165717 231150220
Sundry Creditiors: 24438484 38050912
Clearing & Forwarding 2057858 1334275
Creditors against Capital work 7916 523074
Creditors against sub-contract 0 0
Creditors Advertisement 0 0
Creditors for material& accessories 0 0
Creditors for quality testing 0 0
Creditors for repairs & maintaince 0 0
Creditors for printing & stationary 65413 329077
Creditors for sales promotional expenses 0 0
Creditors for vehicle maintenance 0 0
Insurance premium 543348 3287161
Power, Fuel and water 3755895 3397873
Telephone Telex & fax 95939 44819
Salary, wages and overtime 8183794 9306040
Audit Fees 40000 40000
Income Tax Payable 3513602 4065032
Contribution to PPF & WF 1993139 2453480
Provident Fund Payable 2488026 5043845
Net Current Assets 5714304 1370870
Less: Deferred Tax Liability 0 0
Total Asset 329065698 375796393
SOURCES OF FUNDS:
Shareholder's Fund: 249540397 284134701
Share Capital: 84000000 84000000
Authorized Capital(3000000 ordinary share@100tk. Per share) 300000000 300000000
Issued,Subscribed & Paid Capital 84000000 84000000
(840000 Ordinary share@100tk. Per share Fully paid)
Share Premium 15000000 15000000

Reserve and Surplus: 137940397 170014701
Reserve for reinvestment 83598584 98842072
Retained Earning 51589995 68420811
Capital Gain 2751818 2751818
Loan Fund (Secured):

Long Term Loan 79525301 91661692
TOTAL LIABILITIES 329065698 375796393

For the Year Ended March 31, 2004, 2005, 2006, 2007, 2008,2009
2003-04 2004-05
TURNOVER 1009893080 1427363785
Cost of goods Sold: 885983889 1274859754
GROSS PROFIT 123909191 152504031
OPERATING EXPENSES:
Administrative & selling overhead: 75666279 90115765
AGM Expenses 600000 1500000
Audit Fee 8393390 5500
Bank Charges & Commission 40000 12568448
Board Meeting Fees 536453 40000
Depreciation 1566023 267798
Directors Remuneration 1277912 1651872
Entertainment 646804 1863944
Export Processing & Handling Expenses 738119 560904
F.C. Charges 40439 1087798
Forwarding Expenses 962180 114570
Freight 625732 1620913
Insurance Premium 765447 174443
Legal & Professional Fees 40203 780000
Newspapers & Periodicals 484944 19878
Postage & Stamp 2113256 1016127
Power & Fuel 2603871 2283072
Printing & Stationery 101934 1615567
Publicity & Advertisement 146994 79865
Renewal & Fees 495298 44850
Rent & Rates 140740 201850
Repairs & Maintenance 2708862 236610
Salary & Allowances 2483506 2907149
Sales Promotional Expenses 14293583 3400739
Subscription & Donation 6168651 17184350
T. A & Conveyance 8389902 9596833
Telephone, Fax and Radio Link 11376058 9376689
Transportation 6758736 8716480
Vehicles Maintenance 1167242 9731700
Others 0 1467816
Financial expenses 9204482 14761229
OPERATING PROFIT 39038430 47627037
Other Income 2817485 3896044
PROFIT BEFORE PPF & WF 41855915 51523081

Provision for contribution to PPF & WF 1993139 2453480
PROFIT BEFORE TAX 39862776 49069601
Tax Expenses:
Current Tax 2105246 1875297
Deferred tax expenses/(income) 0 0
NET PROFIT AFTER TAX 37757530 47194304
Appropriations:
Statutory reserve for reinvestment 14991339 15243488
Previous years retained earnings 41423804 51589995
Retained earnings carried forward 51589995 68420811
Basic Earning per share 44.95 56.18

Number of Share 840000 840000

Cash Flow Statement
For the Year Ended March 31, 2004, 2005, 2006, 2007, 2008, 2009
2003-04 2004-05
CASH FLOWS FROM OPERATING ACTIVITIES: 123481198 57338846
Collection from turnover 993781717 1420884095
Other imcome 2699866 3896044
Payment for costs and expenses 873000385 1367441293
Net cash generated from operating activities 123481198 57338846
CASH FLOWS FROM INVESTING ACTIVITIES: -105233542 -88986321

Sales of Investment 3800000
Investment in shares
Property, Plant and Equipment accuired 102113542 88986321
Sales of assents
Sales Proceeds of motor Vehile 680000
Net cash used in investing activities -105233542 -88986321
CASH FLOW FROM FININCING ACTIVITIES: 19195576 38553784

Working capital loan received/(repaid) 12127679 32484711
Term loan received/(repaid) 43186669 12136391
Dividend' paid 11863414 6067318
Net Cash Flow from Financing Activities 19195576 38553784
Net increase/(decrease) in cash and equivalents 37443232 6906309
Cash and cash equivalents on opening 9075882 46519114
Cash and cash equivalents on closing 46519114 53425423
Sreepur Textile Mills Limited

Balance Sheet
As at 31st March, 2004, 2005, 2006, 2007, 2008
2004 2005
Non-Current Assets 505608731 482932514
Fixed Assets:
Existing Unit:
Factory Building & Other Construction 40859454 4399275
Plant and Machinery 256796649 39837968
Factory Equipment 49220 244357483
Furniture And Fixture 637365 110014
Motor Vehicles 151241 541760
Land & development 4399275 120993
Sub-Total 303005832 289411791
Expantion Unit:
Plant and Machinery 167903712 159508526
Sub-Total 195383331 186301155
Total 498389163 475712946
Long term Security Deposits:
Electricity 1292500 1292500
Telephone 32120 32120
Gas 1459164 1459164
Collector of Custom 1000 1000
Total 2784784 2784784
Deffered Expenses 4434784 4434784
Current Assets: 65581083 65619729
Sundry Debtors 2743
Inventories:
Import 7531600 5331600
Local Puchase 0 812240
Work-in-Process 3871505 2623800
Finish goods 2003-63225 Labs. 0 3104670
Waste Cotton 0 289272
Stores & Spares, Packing materials & FOL 48057522 48737109
Total 59460627 60898691
Advances, Deposits & Pre-Payments:
Advances:
Expenses 757337 1491651
Supplies 58053 0
Income Tax 2328848 2328848
Sub-Total 3144238 3820499
Deposit:
L.C. Cost 2385848 0
Escise Duty 41845 55194
Bank Guarrantee margin 392678 286908
Sub-Total 2820371 342102
Total 5964609 4162601
Cash and Cash equivalents:
Cash in Hand 16930 78716
Cash at Banks 136174 479721
Total 153104 558437
Long term Loan (Current Portion):
IPDC 3480000 0
IFIC 19426110 14940689
Total 22906110 14940689
Short Term Loan from Banking Company:
Pledge 9873957 9101143
Hypothecation 13935680 14348424
Total 23809637 23449567
Short term Loan from associated undertaking & Direcctor 97536185 105296212
Creditors 49377444 59650847
Liabilities for Other finance:
Wages, salary & allowances 1221574 2413658
Gas, Electricity, Telephone & Water charge etc. 15588244 21321180
Audit Fee 103750 103750
Liabilities for Other finance 1192693 1192693
Guarantee fee of BSB 12236286 12236286
Hoque Yarn Traders ltd. 435890
Total 30778437 37267567
Accured Expenses 0 0
Interest and other financial charges payable 0 0
Net Current Assets -158826730 -174985153
Deferred Expenses 0
Total 346782001 307947361
Share Holder's Equity -149718688 -211459728
Share Capital 140000000 140000000
Tax Holiday Reserve 38008 38008
Retained Earning -289756696 -351497736
Long Term Loan 483494021 506399731
Deferred Liabilities 13006668 13006668
Total 346782001 307946671

Profit Loss Account
For the Year Ended December 31, 2004, 2005, 2006, 2007, 2008
2004 2005
Turn Over 48896163 92838439
Local Excise duty 49416550 93965589
Export -520387 1127150
Less: Cost of Goods Sold 85410665 136151842
Work-in-process(Opening) 6714275 3871505
Raw Raterial Consumed 39681417 77193222
Manufecturing Overhead 20785135 38537993
Interest on Cash credit 0 0
Work-in process (Closing) -3871505 2623800
Cost of Production 81472380 139256512
Finish Good Opening 3938285 0
Finish Good Closing 0 3104670
Gross Profit/(LOSS) -36514502 -43313403
OPERATING EXPENSES
Administrative & Selling expenses: 14619744 4208875
Salary & allowances 569595 660192
Traveling& conveyance 14999 64412
Entertainment 140294 583186
Printing & stationary 12078 24509
Vehicle maintenance 360578 537037
Telephone & Trunk Call & Other 37719 30354
Paper & peridicals 825 2000
Postage and telegram 446 3802
Office equipment's maintance 3585 41261
Subscription & donation 69250 5500
Advertisement 68750 87400
Renewal& registration 148875 18366
Board meeting fees 40000 35000
Cariage Outwards 157820 324729
Bank charges 8510 10460
Audit fees ( statutory) 25000 25000
Others/ Share 79500 11062
Meeting expenses (AGM) 9981 477883
Audit fees ( special audit)) 0 326800
Legal expenses 149360 102743
Computer Maintaince 0
Fuel Expense 0
Others 0
Product Development Expenses 183742 0
sub-Total 8198415 4208875
Manufacuring Expenses for Lay Off Period:
Salary, wages & other allowances 3018572 0
Gas & Electricity 2610986 0
Repair & Maintance 49904 0
Insurance Premium 312519 0
Store Consumed 429348 0
sub-Total 6421329 4208875
Financial expances: 22906110 14940689
IPDC interest 3480000 0
Supervisory Free of IPDC 0 0
IFIC Bank Ltd.( Term Loan Interest) 19426110 14940689
OPERATING LOSS/((Profit) -74040356 -62462967
Other Income: 5291011 721927
Sales of Raw Cotton 20756132 0
Less: Raw Cotton Cost 15645114 0
Sub-Total 5111018 0
Add: Miscellaneous Income 179993 0
Gain of Sale of Assets 0 0
Extraordinary loss 0 0
NET PROFIT / LOSS FOR THE YEAR -68749345 -61741040
Dsficit brought forward -221007351 0
Deficit Carried Forward -289756696 0
Basic Earning per Share-(loss): -49.106675 -44.1
Net loss -68749345 -61741040
Number of ordinary shares outstanding 1400000 1400000

Cash Flow Statement
For the Year Ended 31st December, 2004, 2005, 2006, 2007, 2008
2004 2005
Cash Flow From Operating Activities:
Collections from turnover and other income 54187174 93563109
Payment for Cost & expenses 0 -115059868
Inventories 0 0
Advances, Deposits & Prepayment 0 0
Creditors -72587106 0
Net Cash from operating activities -18399932 -21496759
Cash Flows From Investing Activities:
Sale of Assets 0 0
Acquisition of fixed assets -1984490 -438554
Long term security deposit -745900 0
Net Cash used in Investing Activities -2730390 -438554
Cash Flows From Financial Activities:
Long term loan including current portion 21057686 14940689
Short term loan from banking company -14067970 -360070
Short term loan from associated company 141361785 7760027
Liabilities for other Finance 5273 0
Net Cash generated from Financing Activities 21131174 22340686
Net Cash Inflow/(Outflow) 852 405333
Opening Cash and Cash Equivalents 152252 153104
Closing Cash and Cash Equivalents 153104 558437
StyleCraft Limited
Balance Sheet
As at 31st March, 2004, 2005, 2006, 2007, 2008
2004 2005
Net Asset
Non-current Assets
Tangible Fixed Assets, net of Accumulated Depreciation: 106083546 143618108
Machineres 27526015 34219214
Building & Civil Construction 42272959 65016677
Land & Land Development 22095663 22095663
Electrical Installation 215980 1991732
Tools & Equipment 1075993 1069629
Vehiles 2427240 3673024
Factory Furniture 2015689 4318433
Office Furniture 3882140 4701932
Crockeries & Utensils 55788 89649
Telephone & Installation 412098 661795
Electronic Iron & Boiler 557697 1266927
Transformer Installation 343299 308969
Embroidery Machine 101511 81209
Computer Installation & Software Development 3101474 4123255
Generator 0 0
Gas Generator 0 0
Current Assets
Stock & Stores: 32181276 35659637
Raw Materials 28022042 30427432
Export Bills Receiveable & Prepayments: 33561491 42618869
Pubali Bank Ltd. 33561491 42618869
Advances, Deposits, & Pre-payments: 21050223 42385324

Bill Margin Account 0 402031
Advance to employees 16368207 37702759
Security Deposit 1964330 1592841
Cash Security 554096 516528
Central Depository Bangladesh Ltd. 2000000 2000000
Prepaid Income Tax 750000 300000
Cash & Bank Balances 22852790 17078080
Total of Current Assets 87542990 138041910
Current Liabilities & Provisions
ImportBills Payable: 70821961 81610415

Pubali Bank Ltd. 70821961 81610415
Trade Creditors 180318 1196529
Creditors for Expanses: 5807525 5271219

Unpaid Salary & Wages 3083080 4266492
Unpaid Electric Charges 1622904 0
Unpaid Overtime 258239 14167
Unpaid Postage, Telephone & Telex 601230 688332
Unpaid Gas Charge 13998 0
Unpaid Audit Fee 143775 106287
Unpaid Rent 54299 165941
Unpaid Water charge 30000 30000
Dividend Payable: 2418418 1813368

Unpaid Dividend 218418 438368
Income Tax Payable 964015 399354
Short Term Loan 0 4018667

Workers' participation/ welfare Funds 7240195 7268058
Total of Current Liabilities & provisions 87432432 101577610
Net Current Assets 110558 36464300
Total 106194104 180082408
FINANCE BY
Long Term Loans- Secured 3868709 75283079
Share Holders' Equity:

Share Capital 5500000 5500000
Tax Holiday Reserve 701125 701125
RetainedEarning-As per & Loss Account 96124270 98598204

Total of Sharedholders' Equity 102325395 104799329
Total 106194104 180082408
StyleCraft Limited
Profit Loss Account
For the Year Ended December 31, 2004, 2005, 2006, 2007, 2008
2004 2005
Export of Finish Goods 502273283 503166047

Less: Cost of Goods Sold 460760276 461808536
Gross Profit 41513007 41357511
Less: Perating & Financial Expenses 32832830 36698380

Administrative expense 23159552 23589597
Selling Expenses 7160474 8548584
Financial Expenses 2512804 4560199
Operating Profit 8680177 4659131
Less: Non-operating Profit

Financial Expenses 0 0
Contribution to Workers' Participation /welfare fund 413342 221863

Net Profit Before Tex 8266835 4437268
LesS: Income Tax 964015 399254
Net Profit After Tax for the Year 7302820 4038014
Profit Brought Forward 92055854 96124270
Profit Available for Appropriations 99358674 100162284
Appropriations:
Less: Dividend 2200000 1375000
Less:Adjustments for Income Tax 1034404 188980
Profit Carried Forward 96124270 98598304
Earning Forward 0 0
Earning Per Share 132.78 73.42
Number of Share Used to Compute EPS 55000 55000
StyleCraft Limited
Cash Flow Statement
For the Year Ended 31st December, 2004, 2005, 2006, 2007, 2008
2004 2005
Collection from Turnover 510109055 494108669
Payment for Costs & Expense 475779473 450558521
Bank Interest 2512804 4560199
Income Tax Paid or Deducted 1574437 702995
Total 30242341 38286954
Cash Flow from Investing Activities: -61146616 -48069404

Acquisition of Tangible Fixed Assets 61146616 48069404
Cash Flow from Financing Activities: 47829700 4007740

Repayment of Long Term Loan 0 0
Long Term Loan Received 50000000 5987790
Dividend Paid 2170300 1980050
Increase / Decrease in Cash & Bank Balances 16925425 -5774710

Cash & Bank Balances at Beging of the Year 5927365 22852790
Cash & Bank Balances at Closing of the Year 22852790 17078080
Menu
2006 2007 2008
2090188451 2044896725 1979035508
98280506 99632428 101032891

535298309 532612522 542396171
1439599561 1373021465 1318884225
7103462 7170302 7260763
290470 237376 190700
6782510 6661790 6110158 Menu
2506609 2338147 2119090
327024 23222695 1041510
2090188451 2044896725 1979035508
1080617450 1387931147 1602750762

430040243 661907131 804538224
95425039 158340600 199543569
102201836 142128918 184831803
53753516 62073278 80928269
146920276 264718241 338915850
31739576 34646094 318733
505004319 489131171 561736245

126722996 204301495 199881551
32421717 54517782 57112342
30968690 30942562 26620630
63332589 118841151 116148579
18849892 32591350 36594742
6389000 8441248 2405240
12460892 24150102 34189502
3170805901 3432827872 3581786270
1517343430 1510486803 1408500189

1150000000 1150000000 1150000000
370575835 370575835 370575835
0 -67589032 -112075646
-72232405 57500000 0
69000000 0 0
656296740 697928666 671920512
643340915 684972841 659011086
12955825 12955825 12909426
997165731 1224412403 1501365569

704311607 676007609 666806390
74729336 26271152 73038747
162320409 426298519 640929034
34068724 56288183 51693424
12147118 14623963 45483352
117615 14584111 14684111
9470922 10338866 8730511
3170805901 3432827872 3581786270
-288894955
31.12.2006 31.12.2007 31.12.2008

1506857027 1540870413 1577113111
1174820367 1175447344 1293232751
332036660 365423069 283880360
-35211003 -40297251 -41608213 Menu

-17080615 -23534991 -24951525
-18130388 -16762260 -16656688
296825657 325125818 242272147

808701 182165 782335
224124751 244867621 287441096
73509607 80440362 -44386614

-3500457 -3830493 0
70009150 76609869 -44386614

0 14466496 100000
70009150 62143373 -44486614

6.09 5.4 -3.87
11500000 11500000 11500000
2006 2007 2008
312708865 246762519 113574096
1613142352 1556925727 1505290372
1213775164 1218082661 1304700729
399367188 338843066 200589643
79581518 84071414 82332869
7076805 8009133 4682678
Menu
-34262112 -42812356 -19230127
34322112 42812356 19230127
60000 0 0
-269284812 -190208705 -90340577

141963980 0 0
0 0 0
72288186 88555293 75304587
53973538 10809670 7865422
43591800 39113669 17066641
65414384 66523155 26640611
0 0 0
0 6826258 20805840
9161941 13741458 4003392
9687951 18849892 32591350
18849892 32591350 36594742
31.03.2006 31.03.2007 31.03.2008
21173102 21423102 21423102

8465179 68123531 133452791
4999902 19558315 35301148
25297215 198434901 547266368
0 4731078 10361644
1138287 1142106 7208772 Menu
270887 5527856 10279274
685079 2648453 10786943
922925 42487586 70250385
584642 2200844 4497068
683521 4881202 10626088
132799 3161764 5120321
220366 991795 3000000
41165 3419613 8526094
1856278 8386054 15157468
136781 98824 576027
766484 4984864 11378193
5171 3297 40625
67379783 392205185 905252311
16868033 0 0
6664657 0 0
192396101 0
6948747 0 0
442483 0 0
2376262 0 0
4007671 0 0
7407339 0 0
3810224 0 0
9558480 0 0
2980583 0 0
820457 0 0
3635761 0 0
1470164 0 0
259386962 0 0
326766745 0 905252311
0 0 513047126
326766745 392205185 392205185
39800000 9621112 9621112
15000000 0 8621112
23800000 8621112 0
1000000 1000000 1000000
423337043 588823931 588823931

125683077 219954386 219954386
3420682 34602347 34602347
9667735 52916881 52916881
74071873 91910105 91910105
38522787 40525053 40525053
191245458 151142900 151142900

163051386 151142900 151142900
28194072 0 0
40271544 46897057 46897057

8051168 26604148 26604148
2278549 2731951 2731951
6056977 8032519 8032519
19383498 5411500 5411500
4501352 4116939 4116939
59021338 59021338
66136964 111808250 111808250
18559 19998 19998
66118405 111788252 111788252
418861229 528,794,507 528794507
48433398 23601041 23601041
46017235 23137026 23137026
2416163 464015 464015
0 0 0
0 29447322 29447322
49503546 48661588 48661588
278566348 374873711 374873711
42357937 52,210,845 52210845
489237 714191 714191
7916 7916 7916
0 2140265 2140265
0 7410 7410
0 322675 322675
0 48123 48123
0 994110 994110
0 474943 474943
0 191,408 191408
0 4,549 4549
441657 4,860,529 4860529
4404432 4,397,168 4397168
42748 57,344 57344
18850164 8,019,763 8019763
40000 50,000 50000
6473163 22,588,792 22588792
3025329 3,888,082 3888082
3191375 1,090,227 1090227
5391916 2,353,350 2353350
4475814 60,029,424 60029424
10206043 11,218,288 11218288
360836516 450,637,433 450637433
316907104 400,339,127 400339127

84000000 84000000 84000000
300000000 300000000 300000000
84000000 84000000 84000000
15000000 15000000 15000000

202787104 284,539,127 284539127
119246421 129,700,699 129700699
80788865 152,086,610 152086610
2751818 2,751,818 2751818
15120000 16,800,000 16800000
43929412 50,298,306 50298306

360836516 450,637,433 450637433
2005-06 2006-07 2007-08

1924903564 1,601,979,126 1718675403
1734680303 1,401,084,522 1527219980
190223261 200,894,604 191455423
118,463,629 121,304,901 113,024,153

3,000,000 400,250 211,750
15000 40,000 50,000
10393957 8,089,237 10,098,222 Menu
40000 17,500 14,000
1848524 1,968,389 2,667,193
293151 3,400,000 3,600,000
2424165 438,126 1,311,964
1807063 3,976,246 4,386,856
598918 29,342,780 30,846,152
569409 5,559,498 10,756,914
488316 30,453,265 3,443,419
1799492 155,903 67,881
355676 396,041 168,700
704968 31,014 16,591
18332 139,473 309,060
1553007 1,300,946 775,040
6962653 2,393,858 3,746,860
4700465 226,119 58,555
282909 956,587 393,136
64515 2,135,208 1,067,739
221684 2,821,886 3,706,694
218554 12,466,030 17,800,237
2984401 5,028,515 9,344,510
2598850 42,500 662,088
29138222 624,648 527,950
7684635 3,384,997 1,921,762
9016167 3,567,794 3,824,799
28680596 1,948,091 1,246,081
0 0 0
13419421 28,935,642 21,995,587
58,340,211 50,654,061 56,435,683
5,191,695 6,800,119 25214029
63,531,906 57,454,180 81,649,712

3025329 2,735,913 3888082
60,506,577 54,718,267 77,761,630
2408131 4,073,671 12209895

10206043 1,685,340 -841032
47,892,403 48,959,256 66,392,767
20404349 10454278
15120000 16,800,000 16800000
68420811 80,788,865 102493843
80,788,865 102,493,843 152,086,610
57.01 58.28 56.93

840000 840000 840000
2005-06 2006-07 2007-08

85052060 75071099 193236419
1848289129 1604964917 1709744537
5191695 6800119 2064029
1768428764 1536693937 1518572147
85052060 75071099 193236419
-60968090 -178592291 6193101

0 0 61950000 Menu
0 5159300 3461812
60968090 173432991 52295087
0 0 0
0 0 0
-60968090 -178592291 6193101
-11372429 95991339 -146228381

7111448 54152267 78984623
529557 53346778 43792898
17954320 11507706 23450860
-11372429 95991339 -146228381
12711541 -7529853 53201139
53425423 66136964 58607111
66136964 58607111 111808250
2006 2007 2008

460898226 439993790 420103920
38842019 37870969 36924195

232139609 220532629 209505998
39868 35881 32293 Menu
93512 79485 67562
460496 391422 332709
47966 38373 30698
4399275 4399275 4399275
276022745 263348034 251292730
26122813 25469743 24832999

151533100 143956445 136758623
177655913 169426188 161591622
453678658 432774222 412884352
1292500 1292500 1292500

32120 32120 32120
1459164 1459164 1459164
1000 1000 1000
2784784 2784784 2784784
4434784 4434784 4434784
56698749 57254680 52576984
0 0 0
5331600 5331600 0
3000000 3000000 3000000
42865975 42865975 42865975

51197575 51197575 45865975
2718486 3291335 3227685
2328848 2328848 2978848

5047334 5620183 6206533
55194 55194 55194

286908 286908 286908
342102 342102 342102
5389436 5962285 6548635
22066 1503 1048

89672 93317 161326
111738 94820 162374
245665247 247878678 245760760
14940689 14940689 14940689

14940689 14940689 14940689
9194062 9194062 5194062

14633010 14633010 14633010
23827072 23827072 19827072
108081228 115496441 118666014
61888883 58847238 57680507
3773470 2744833 2724073

19596176 18489676 18389676
128750 103750 103750
1192693 1192693 1192693
12236286 12236286 12236286
36927375 34767238 34646478

-188966498 -190623998 -193183776
271931728 249369792 226920144

-247474671 -270036607 -292486255
140000000 140000000 140000000
38008 38277 38008
-387512679 -410074884 -432524263
519406399 519406399 519406399
506399731 506399731 506399731
13006668 13006668 13006668
271931728 249369792 226920144
2006 2007 2008

14512560 0 0
14690060 0 0
177500 0 0
42650936 0 0
2623800 0 0
10882881 0 0
7176090 0 0 Menu
0 0 0
21863495 0 0
3000000 0 0
39546266 0 0
3104670 0 0
0 0 0
-28138376 0 0
1274535 22627861 21186754

395508 558560 488640
8678 13218 8128
69205 62738 37502
11400 11299 10215
154414 106318 18400
22700 16380 9420
0 1350 935
0 5161 4805
987 9040 7180
0 0 58000
5500 6840 7920
0 39435 9150
0 0 27396
11400 20000 4000
0 30980 5698
7214 6590 25000
0 25000 33000
0 20904436 19889870
5532 443485 407825
25000 305500 92000
74500 19000 10000
109758 1140 1500
0 41391 27396
358877 0 0
13862 0 2774
1274535 22627861 21186754
0 0 0
0 0 0
0 0 0
0 0
0 0
1274535 22627861 21186754
284586 6344 3025
284586 6344 3025
0 0
0
-29697497 -22634205 -21189779
0 72000 72000
0 72000 72000
0 0 0
0 0
0 0 0
63965 0 0
6381411 0 1331600
-36014943 -22562205 -22449379
0 0
0 0
-25.72 16.12 -16.04
36014943 -22562205 -22449379
1400000 1400000 1400000
2006 2007 2008
14512560 72000 72000

-18246780 -7504131 -2631509
0 0 5331600 Menu
0 0 -586350
0 0 -1167000
-3734220 -7432131 1018741
125000 0 0
0 0 0
0 0 0
125000 0 0
0 0 0
377505 0 -4000000
2785016 7415213 3169573
0 0 -120760
3162521 7415213 -951187
-446699 -16918 67554
558437 111738 94820
111738 94820 162374
2006 2007 2008
157326303 146465326 161204699

42285616 35942774 36797573
61765843 58677551 56179559
22095663 22095663 22095663
4852886 4535158 4348042 Menu
1315308 1278277 1219052
3505220 4191012 3398372
4583126 4317800 4418604
4457711 4030084 3627076
84777 67258 55476
648148 616813 611737
1234302 1110872 1130285
278072 250265 225239
64967 51974 41579
4493664 4204925 3939809
5661000 5094900 4585410
0 0 18531223
52415484 59694389 81101701

42453881 48141337 33674563
9961603 11553052 47427138
52434054 84439991 56765511
52434054 84439991 56765511
26966728 8343679 26970658

21613770 3582805 22122172
2485272 2010188 1747800
554096 554096 554096
163590 163590 163590
150000 0 350000
0 33000 33000
2000000 2000000 2000000
1743502 0 0
20554377 2084565 7404226
154114145 154562624 172242096
102967607 82695881 85818095

102967607 82695881 85818095
4123381 4108808 4339432
5922674 7610832 9209024

4189359 5448118 7113031
498138 476321 600952
927166 1492287 1304961
54384 49884 61526
223627 114222 98554
30000 30000 30000
0 0 0
0 0 0
1825385 1637304 1905253

450385 262304 255253
1375000 1375000 1650000
933863 120943 67482
0 14556379 11096894
7583896 7867495 8191071
123356806 118597642 120627251
30757339 35964982 51614845
188083642 182430308 212819544
78974225 71994365 99496134
5500000 5500000 5500000

701125 701125 701125
102908292 104234799 107122284

109109417 110435924 113323409
188083642 182430289 212819543
2006 2007 2008
633913878 672098705 773611979

580732174 614332678 708335017
53181704 57766027 65276962
46549102 51810449 58481771

26710201 31192827 34873898
9098444 9727144 9482614 Menu
10740457 10890478 14125259
6632602 5955578 6795091
0 0 0
315838 283599 323576

6316764 5671979 6471515
631676 1680247 1934030
5685088 3991732 4537485
98598204 102908292 104234799

106900024
104283292 108772284
1375000 1375000 1650000

1290225
102908292 104234799 107122284
0 0 0
103.37 72.58 82.5
55000 55000 55000
2006 2007 2008

-499271 -13446983 20391255
624098693 640092768 801286459
612380005 640609383 764782354
10740457 10890478 14125359
1477502 2039890 1987491 Menu
-499271 -13446983 20391255
-28400249 -2479888 -29805746

28400249 2479888 29805746
32375817 -2542941 14734152

0 6979860 19852000
33738800 6000000 35968203
1362983 1563081 1382051
3476297 -18469812 5319661

17078080 20554377 2084565
20554377 2084565 7404226
Ratio Analysis of M
2004
Liquidity Ratios
Current Ratio (Current Assets/Current Liabilities) 1.166123
Quick Ratio (Current Assets-Inventory)/(Current Liabilities) 0.137824
Net Working Capital to Sales Ratio (Current Assets-Current Liabilities/(Sales) 0.087544
Profitability Ratios
Gross Profit Margin (Gross Income/Sales) 0.236266
Operationg Profit Margin (Operating Income/Sales) 0.200932
Net Profit Margin (Net Income/Sales) 0.063219
Activity Ratios
Inventory Turnover (Cost of Goods Sold/Inventory) 1.242797
Accounts Receivable Turnover (Sales on Credit/Accounts Receivable) 2.682557
Total Asset Turnover (Sales/Total Assets) 0.528714
Fixed Asset Turnover (Sales/Fixed Assets) 0.783177
Financial Leverage Ratios
Total Debt to Assets Ratio (Total Debt/Total Assets) 0.564178
Long Term Debt to Assets Ratio (Long Term Debt/Total Assets) 0.278624
Total Debt to Equity Ratio (Total Debt/Total Shareholders Equity) 1.294869
Coverage Financial Leverage Ratios
Times Interest Coverage Ratio (Earnings Before Interest and Tax/Interest) 1.57887
Fixed Charge Coverage Ratios ( EBIT+Lease Payment)/(Interest+Lease Payment) 1.57887

Share Holders Ratios
Earnings Per Share (Net Income to Share Holders/Number Of Share Outstanding) 9.772635
Dividend Per Share (Dividend Paid to Shareholders / Number of Share Outstanding) 5
Dividend Payout Ratio (Dividends/Earnings) 0.511633
Retention Ratio (Earnings- Dividends/Earnings) 0.488367
Ratio Analysis of Ape

2004
Liquidity Ratios
Activity Ratios

Dividend Per Share (Dividend Paid to Shareholders / Number of Share Outstanding) 15
Ratio Analysis of Sree

2004
Liquidity Ratios
Net Working Capital to Sales Ratio (Current Assets-Current Liabilities/(Sales) -3.248245
Gross Profit Margin (Gross Income/Sales) -0.746776

Operationg Profit Margin (Operating Income/Sales) -1.514237
Net Profit Margin (Net Income/Sales) -1.406027
Activity Ratios
Accounts Receivable Turnover (Sales on Credit/Accounts Receivable)
Total Debt to Equity Ratio (Total Debt/Total Shareholders Equity) -4.815087
Times Interest Coverage Ratio (Earnings Before Interest and Tax/Interest) -4.001354
Fixed Charge Coverage Ratios ( EBIT+Lease Payment)/(Interest+Lease Payment) Same
Earnings Per Share (Net Income to Share Holders/Number Of Share Outstanding) -49.10668
Dividend Per Share (Dividend Paid to Shareholders / Number of Share Outstanding)
Dividend Payout Ratio (Dividends/Earnings)
Retention Ratio (Earnings- Dividends/Earnings)
Ratio Analysis
2004
Liquidity Ratios
Activity Ratios

Dividend Per Share (Dividend Paid to Shareholders / Number of Share Outstanding) 43.97124

Ratio Analysis of Monno Febrics Ltd.
2005 2006 2007 2008 Menu
1.297399 1.646538 1.988643 2.385328
0.196344 0.083689 0.133549 0.067529
0.174099 0.281593 0.4478 0.590211
0.236991 0.22035 0.237154 0.18
0.213612 0.196983 0.211001 0.153617
0.052208 0.04646 0.04033 -0.028208
1.004613 1.087175 0.846906 0.806883
2.243192 2.98385 3.150219 2.807569
0.42964 0.475228 0.448863 0.440315
0.637745 0.720919 0.75352 0.79691
0.524273 0.521464 0.559988 0.60676
0.251514 0.206981 0.20331 0.187594
1.102046 1.089709 1.272663 1.542979
1.344971 1.327985 1.328506 0.84558
1.344971 1.327985 1.328506 0.84558

6.217022 6.087752 5.403772 -3.868401
6 6 0 0
0.965092 0.985585 0 0
0.034908 0.014415 1 1
Ratio Analysis of Apex Spnning Textile Mills Ltd.

2005 2006 2007 2008
1.004415 1.010686 1.113521 1.113521
0.716137 0.699941 0.584046 0.584046
0.00096 0.002325 0.037472 0.034928
0.106843 0.098822 0.125404 0.111397
0.033367 0.030308 0.03162 0.032837
0.033064 0.02488 0.030562 0.03863
14.46305 13.80202 6.369887 6.943349
12.45181 10.06509 7.622511 8.177773
3.798237 5.334559 3.554918 3.813876

35.86341 48.36441 166.5066 178.6358
1.07022 1.282549 1.285053 1.285053
0.243913 0.121743 0.111616 0.111616
1.415472 1.460335 1.446506 1.446506
2.490433 3.734325 0.985585 2.712095
2.490433 3.734325 0.985585 2.712095
56.1837 57.01477 58.28483 79.03901
18 18 20 20
0.320378 0.315708 0.343142 0.25304
0.679622 0.684292 0.656858 0.74696
Ratio Analysis of Sreepur Textile Mills Limited

2005 2006 2007 2008
0.272728 0.230797 0.230979 0.213936
0.019622 0.022393 0.024436 0.027307
-1.884835 -13.02089 #DIV/0! #DIV/0!
-0.466546 -1.938898 #DIV/0! #DIV/0!

-0.672814 -2.046331 #DIV/0! #DIV/0!
-0.665037 -2.48164 #DIV/0! #DIV/0!
2.23571 0.833066 0 0
0.169243 0.028038 0 0
0.192239 0.031488 0 0
1.385486 1.478122 1.543062 1.618782
0.946868 1.003496 1.044561 1.098852
-3.594118 -3.091515 -2.841411 -2.616079
-5.132409 -105.3533 -3557.464 -6982.084
-44.10074 -25.72496 -16.11586 -16.03527
Ratio Analysis of StyleCraft Limited

2005 2006 2007 2008
1.35898 1.249336 1.303252 1.427887
0.35898 0.249336 0.303252 0.427887
0.07247 0.04852 0.053511 0.066719
0.082195 0.083894 0.085949 0.084379
0.00926 0.010463 0.008861 0.008784
0.008025 0.008968 0.005939 0.005865
12.95046 11.0794 10.2913 8.733911
11.80618 12.08974 7.959483 13.6282
2.794088 3.370383 3.68414 3.635061
3.5035 4.029294 4.588791 4.798942
0.281551 0.253577 0.287517 0.331666
0.267284 0.253577 0.239162 0.298387
0.756701 0.723808 0.783719 0.975906
8.069234 3.951531 4.304269 3.621293
8.069234 3.951531 4.304269 3.621293

73.41844 103.3652 72.57695 82.49973
32.97033 33.18882 29.76916 34.64096
0.018391 0.017738 0.015708 0.017786
0.981609 0.982262 0.984292 0.982214

Menu
Current Ratio
3
Value
2.5
2
1.5 Industry
1
0.5
0 Monno Febrics
2004 2005 2006 2007 2008
Year
Current
Quick Ratio
Ratio
Values
values
0.4
4
3
0.3 Monno
Industry
Febric
2
0.2
Industry
1
0.1
00 Monno Febric
2004
2004 2005
2005 2006
2006 2007
2007 2008
2008
Year
Year
Net Working Ratio

Values
1 Monno Febric
0.8
Linear
0.6
(Monno
0.4 Febric)
0.2
0 Industry
2004 2005 2006 2007 2008 Linear
Year (Industry)
Gross Profit Margin Ratio

Value
0.5 Industry
Linear
0 (Industry)
2004 2005 2006 2007 2008
-0.5 Monno Febric
Linear
-1 (Monno
Year Febric)
Gross Profit Margin Ratio
Value
0.5 Industry
Linear
0 (Industry)
2004 2005 2006 2007 2008
-0.5 Monno Febric
Linear
-1 (Monno
Year Febric)
Operating Profit Margin Ratio

Values 0.5 Industry
Linear
0 (Industry)
2004 2005 2006 2007 2008
-0.5 Monno
Febrics
-1 Linear (Monno
Year Febrics)
Net Profit Margin Ratio

Valve
0.5 Industry
0 Linear
2004 2005 2006 2007 2008 (Industry)
-0.5
-1 Monno Febrics
-1.5 Linear (Monno

Year Febrics)
Inventory Turnover ratio

Value
15 Industry
10 Linear
(Industry)
5
Monno Febric
0
Linear
2004 2005 2006 2007 2008 (Monno
Year Febric)
Accounts Receivable Turnover Ratio
Value
8 Industry
6 Linear
4 (Industry)
2 Monno Febric
0
Linear
2004 2005 2006 2007 2008 (Monno
Year Febric)
Total Assets Turnover Ratio

Value
3 Industry
2 Linear
(Industry)
1
Monno Febric
0
Linear
2004 2005 2006 2007 2008 (Monno
Year Febric)
Fixed Assets Turnover Ratio

Value
80 Industry
60
Linear
40 (Industry)
20
Monno Febrice
0
2004 2005 2006 2007 2008 Linear (Monno
Year Febrice)
Total Debt to Assets Ratio

Value
1.5 Industry
1 Linear
(Industry)
0.5
Monno Febrics
0
2004 2005 2006 2007 2008 Linear (Monno
Year Febrics )
Total Debt to Assets Ratio
Value
1.5 Industry
1 Linear
(Industry)
0.5
Monno Febrics
0
2004 2005 2006 2007 2008 Linear (Monno
Year Febrics )
Long Term Debt to Asset Ratio
Value 0.8 Industry

0.6
Linear
0.4 (Industry)
0.2
Monno Febrics
0
2004 2005 2006 2007 2008 Linear (Monno
Year Febrics)
Total Debt to Equity ratio

Value
2 Industry
1
Linear
0 (Industry)
-12004 2005 2006 2007 2008
-2 Monno Febrics
-3 Linear (Monno
Year Febrics)
Time Interest Coverage Ratio

Value
1000 Industry
0
Linear
-1000004 05 06 07 08 (Industry )
2 20 20 20 20
-2000 Monno Febrics
-3000 Linear (Monno
Year Febrics)
Value
1000 Industry
0
Linear
-1000004 05 06 07 08 (Industry )
2 20 20 20 20
-2000 Monno Febrics
-3000 Linear (Monno
Year Febrics)
Fixed Charge Coverage Ratio
Value
1000 Industry
0
Linear
-1000004 05 06 07 08 (Industry)
2 20 20 20 20
-2000 Monno Febrics
-3000 Linear (Monno
Year Febrics)
Earnings Per Share (EPS)

Value
50 Industry
40
30 Linear
20 (Industry)
10
Monno Febrics
0
-102004 2005 2006 2007 2008 Linear (Monno
Year Febrics)
Dividend Per Share

Value
20 Industry
15
Linear
10 (Industry)
5
Monno Febrics
0
2004 2005 2006 2007 2008 Linear (Monno
Year Febrics)
Dividend per share
Value
8 Industry
6
Monno Febrics
4
2 Linear (Monno
Febrics)
0
2004 2005 2006 2007 2008 Linear (Monno
Year Febrics)
Dividend payout Ratio Industry

Value
1.5 Linear
(Industry)
1
Monno Febrics
0.5
Linear (Monno
0 Febrics)
2004 2005 2006 2007 2008 Linear (Monno
Year Febrics)
Retained Earnings
Value
1.5 Industry
1 Linear
(Industry)
0.5
Monno Febrics
0
2004 2005 2006 2007 2008 Linear (Monno
Year Febrics)
Menu
Cash Flow Based Ratio Analysis of Mo
2004 2005 2006
Cash Flow Returns
1.Operating Cash flows/ Sales 0.15296 0.179313 0.207524
2.Operating cash flow/Assets 0.102902 0.09795 0.125951
4.Operating cash flow/Equity -0.814387 -0.838058 -0.79391
5.Operating cash flow per share -103.7448 -110.5023 -104.7508
Cash Flow Coverage

6.Interest Cover Ratio 4.894975 4.77577 5.018341
7.Dividend Cover -20.74896 -18.41705 -17.45847

Capital Expenditure cash flow Ratios
8.Acquisition of Fixed Assets 0.119794 0.114356 0.149608
9.Acquisition of Fixed Assets and Subsidies 0.119794 0.114356 0.149608
Financing Cash Flow Ratios

10. Debt Coverage 0.143345 0.146947 0.189124
11.Current Liability Coverage 0.283211 0.282447 0.313598
12.Current Portion of Long Term Debt Coverage 0.293307 0.310729 0.48607
Cash Flow Based Ratio Analysis of Apex

2004 2005 2006
Cash Flow Returns
1.Operating Cash flows/ Sales 0.122272 0.040171 0.044185

4.Operating cash flow/Equity -0.505165 -0.798198 -0.731618
Cash Flow Coverage

7.Dividend Cover -1.500705 -2.699951 -2.760179

8.Acquisition of Fixed Assets 0.435481 0.171352 0.260284
9.Acquisition of Fixed Assets and Subsidies 0.435481 0.171352 0.260284

10. Debt Coverage 1.448636 0.616331 1.757084
11.Current Liability Coverage 0.522249 0.184652 0.203055
12.Current Portion of Long Term Debt Coverage 1.552728 0.625549 1.936107
Cash Flow Based Ratio Analysis of Sreep

2004 2005 2006
Cash Flow Returns
1.Operating Cash flows/ Sales -0.376306 -0.23155 -0.25731
2.Operating cash flow/Assets -0.032213 -0.039188 -0.007215
3.Operating cash flow/Assets -0.032213 -0.039188 -0.007215
4.Operating cash flow/Equity 0.291446 0.183327 0.02565
Cash Flow Coverage

6.Interest Cover Ratio -2162.154 -2055.139 #DIV/0!
7.Dividend Cover 0 0 0
8.Acquisition of Fixed Assets -0.086302 -0.080273 -0.013772
9.Acquisition of Fixed Assets and Subsidies -0.086302 -0.080273 -0.013772

10. Debt Coverage -0.06951 -0.059633 -0.009717
11.Current Liability Coverage -0.194445 -0.16112 -0.025839
12.Current Portion of Long Term Debt Coverage -0.090249 -0.076553 -0.012535
Cash Flow Based Ratio Analysis of Style

2004 2005 2006
Cash Flow Returns
1.Operating Cash flows/ Sales 0.060211 0.076092 -0.000788
3.Operating cash flow/Assets 0.156189 0.135933 -0.001603
4.Operating cash flow/Equity 0.295551 0.365336 -0.004576
5.Operating cash flow per share 549.8607 696.1264 -9.077655
Cash Flow Coverage

7.Dividend Cover 13.93464 19.33636 -0.366308

8.Acquisition of Fixed Assets 0.264622 0.252802 -0.011837
9.Acquisition of Fixed Assets and Subsidies 0.264622 0.252802 -0.011837

10. Debt Coverage 7.817166 0.482801 -0.006322
11.Current Liability Coverage 0.377123 0.405971 -0.004313
12.Current Portion of Long Term Debt Coverage 7.817166 0.508573 -0.006322

d Ratio Analysis of Monno Febrics Ltd.
2007 2008
0.160145 0.072014
0.098707 0.056003
0.071883 0.031709
-0.836634 -0.919365
-109.8891 -112.6023
4.030419 2.436325
#DIV/0! #DIV/0!
0.120672 0.057389
0.120672 0.057389
0.128366 0.052259
0.201535 0.075647
0.360252 0.17234
Ratio Analysis of Apex Spinning Mills Ltd.

2007 2008
0.046861 0.112433
3.576634 3.798638
0.166589 0.428807
-0.812481 -0.517318
-387.2238 -246.5508
2.594416 8.785236
-3.872238 -2.465508
0.191408 0.492692
0.191408 0.492692
0.680437 1.751476
0.141966 0.365428
1.492517 3.841808
Ratio Analysis of Sreepur Textile Mills Ltd.

2007 2008
#DIV/0! #DIV/0!
-0.014947 0.002155
-0.014947 0.002155
0.03617 0.006712
-6.976659 -1.402237
-239.9009 178.7892
0 0
-0.022199 -0.004673
-0.022199 -0.004673
-0.014784 -0.002975
-0.039404 -0.007988
-0.019288 -0.003877
Ratio Analysis of Style Craft Ltd.

2007 2008
-0.020007 0.026359
-0.001716 0.109475
-0.04467 0.061153
-0.121763 0.179939
-244.4906 370.7501
-0.047437 2.584296
-8.60287 14.75434
-0.102482 0.11792
-0.102482 0.11792
-0.155365 0.184381
-0.121439 0.181358
-0.186778 0.204945
Menu
2004 Weight 2005 Weight 2006
Sreepur Textile Mills Limited 571189814 0.522168 548552243 0.454849 517596975
Apex Spinning Mills Limited 329065698 0.300824 375796393 0.311603 360836516
StyleCraft Limited 193626536 0.177009 281660018 0.233547 311440448
Weight Based on Assets 1093882048 1 1206008654 1 1189873939
2004 2005 2006 2007 2008

Sreepur Textile Mills Limited 0.52216765 0.454849 0.43500152 0.398145 0.37610918
Apex Spinning Mills Limited 0.30082375 0.311603 0.30325609 0.360823 0.35856933
StyleCraft Limited 0.17700861 0.233547 0.26174239 0.241032 0.26532149
Cash Flow Returns 2004
1.Operating Cash flows/ Sales -0.19649495
2.Operating cash flow/Assets -0.01682076
3.Operating cash flow/Assets -0.01682076
4.Operating cash flow/Equity 0.15218359
5.Operating cash flow per share -16.2748056
Cash Flow Coverage

6.Interest Cover Ratio -1129.00695
7.Dividend Cover 0
8.Acquisition of Fixed Assets -0.04506395
9.Acquisition of Fixed Assets and Subsidies -0.04506395

10. Debt Coverage -0.0362961
11.Current Liability Coverage -0.10153269
12.Current Portion of Long Term Debt Coverage -0.04712515
Apex Spinning Mi
1.Operating Cash flows/ Sales 0.03678219
2.Operating cash flow/Assets 0.9109589
4.Operating cash flow/Equity -0.15196578
5.Operating cash flow per share -45.1447628
Cash Flow Coverage

6.Interest Cover Ratio 4.03565098
7.Dividend Cover -0.45144763

8.Acquisition of Fixed Assets 0.13100298
9.Acquisition of Fixed Assets and Subsidies 0.13100298

10. Debt Coverage 0.43578424
11.Current Liability Coverage 0.15710476
12.Current Portion of Long Term Debt Coverage 0.4670976
1.Operating Cash flows/ Sales 0.01065785
5.Operating cash flow per share 97.3300838
Cash Flow Coverage

6.Interest Cover Ratio 2.41826718
7.Dividend Cover 13.9346362


1.Operating Cash flows/ Sales -0.14905491
5.Operating cash flow per share 35.9105154
Cash Flow Coverage

6.Interest Cover Ratio -1122.55304
7.Dividend Cover 13.4831886



Weight 2007 Weight 2008 Weight
0.435002 497248470 0.398145 472680904 0.376109
0.303256 450,637,433 0.360823 450637433 0.358569
0.261742 301027950 0.241032 333446795 0.265321
1 1,248,913,853 1 1256765132 1

2005 2006 2007 2008
-0.10532 -0.111930038 #DIV/0! #DIV/0!
-0.017825 -0.003138332 -0.005951 0.00081061
-0.017825 -0.003138332 -0.005951 0.00081061
0.083386 0.0111576637 0.014401 0.0025244
-12.59487 -1.972313681 -2.77772 -0.52739426
-934.7788 #DIV/0! -95.51529 67.2442686
0 0 0 0
-0.036512 -0.005990995 -0.008838 -0.00175755
-0.036512 -0.005990995 -0.008838 -0.00175755
-0.027124 -0.004226934 -0.005886 -0.001119
-0.073285 -0.011239844 -0.015688 -0.00300435
-0.03482 -0.005452687 -0.007679 -0.00145804

2005 2006 2007 2008
0.012517 0.0133994011 0.016909 0.04031515
1.181401 1.557711925 1.290533 1.36207516
0.047544 0.0714798915 0.060109 0.15375699
-0.248721 -0.221867711 -0.293162 -0.18549443
-84.13138 -83.70411147 -139.7195 -88.4055709
1.210399 1.9220318816 0.936126 3.15011614
-0.841314 -0.837041115 -1.397195 -0.88405571
0.053394 0.078932619 0.069064 0.1766643
0.053394 0.078932619 0.069064 0.1766643
0.192051 0.5328464946 0.245518 0.62802573
0.057538 0.0615778048 0.051225 0.13103134
0.194923 0.5871363586 0.538535 1.37755442
StyleCraft Limited
2005 2006 2007 2008
0.017771 -0.000206148 -0.004822 0.00699348
0.036111 0.0098486803 -0.000414 0.02904608
0.031747 -0.0004196 -0.010767 0.01622519
0.085323 -0.0011977 -0.029349 0.04774158
162.5784 -2.376006992 -58.93001 98.3679658
2.230389 0.2855816469 -0.011434 0.68566919
19.33636 -0.366307577 -8.60287 14.7543434
0.059041 -0.003098216 -0.024701 0.03128662

0.059041 -0.003098216 -0.024701 0.03128662
0.112757 -0.001654722 -0.037448 0.04892025
0.094813 -0.001128765 -0.029271 0.0481183
0.118776 -0.001654722 -0.04502 0.05437637
Industry Average
2005 2006 2007 2008
-0.075032 -0.098736785 #DIV/0! #DIV/0!
1.199688 1.5644222728 1.284169 1.39193185
0.061466 0.0679219591 0.043391 0.17079278
-0.080012 -0.211907747 -0.30811 -0.13522846
65.85217 -88.05243214 -201.4272 9.43500071
-931.3381 #DIV/0! -94.5906 71.080054
18.49504 -1.203348692 -10.00006 13.8702877
0.075923 0.069843408 0.035525 0.20619337
0.075923 0.069843408 0.035525 0.20619337
0.277684 0.5269648388 0.202184 0.67582698
0.079066 0.0492091956 0.006266 0.17614529
0.278879 0.5800289497 0.485836 1.43047274

Menu
1
Operating Cash Flow/Sales Ratio
0.25
0.2
Value
0.15 Industry
Average
0.1
0.05 Linear (Industry
Average)
0
-0.052004 2005 2006 2007 2008 Monno Febrics
-0.1
Linear (Monno
-0.15 Febrics)
-0.2
Year
2 Operating Cash Flow(CFO2)/Sales Ratio

Value
1.6
Industry Average
1.2
Linear (Industry
0.8 Average)
0.4 Monno Febrics
0 Linear (Monno
Febrics)
2004 2005 2006 2007 2008
Year
3 Operating Cash Flow(CFO3)/Assets Ratio
0.5
Value
0.4 Industry Average

Average)
0.2
0.1 Monno Febrics
0
Linear (Monno
2004 2005 2006 2007 2008 Febrics)
Year
4
Operating Cash Flow(CFO3)/Equity
0.2
Value
Industry Average
0
-0.22004 2005 2006 2007 2008 Linear (Industry
-0.4 Average)
-0.6 Monno Febrics

-0.8
Linear (Monno
-1 Febrics)
Year
Operating Cash Flow(CFO3)/Equity
0.2
Value
Industry Average
0
-0.22004 2005 2006 2007 2008 Linear (Industry
-0.4 Average)
-0.6 Monno Febrics

-0.8
Linear (Monno
-1 Febrics)
Year
5
Operating Cash Flow Per Share
100
Value
50 Industry Analysis
0
Linear (Industry
-502004 2005 2006 2007 2008
Analysis)
-100
Monno Febrics
-150
-200 Linear (Monno
Febrics)
-250
Year
6 Interest Cover Ratio
200
0
Value
Industry Average
-2002004 2005 2006 2007 2008
Linear (Industry
-400 Average)
-600
Monno Febrics
-800
-1000 Linear (Monno
Febrics)
-1200
Year
Dividend Cover Ratio

Value
30
Industry Analysis
20
10 Linear (Industry
0 Analysis)
-102004 2005 2006 2007 2008 Monno Febrics
-20
-30 Linear (Monno
Year Febrics)
Acruisition of Fixed Assets Ratio
0.25
Industry Average
Value
0.2
Linear (Industry
0.15 Average)
Acruisition of Fixed Assets Ratio
0.25
Industry Average
Value
0.2
Linear (Industry
0.15 Average)
Monno Febrics
0.1
Linear (Monno
0.05 Febrics)
0
2004 2005 2006 2007 2008
Year
Acquisition of Fixed Assets & Subsidiaries Ratio
0.25
Value
0.2 Industry Average

Average)
0.1
Monno Febrics
0.05
0 Linear (Monno
Febrics)
2004 2005 2006 2007 2008
Year
Debt Coverage Ratio
2
Value
1.5 Industry Ave
Linear (Indus
1 Average)
0.5 Monno Febric
Linear (Monn
0 Febrics)
2004 2005 2006 2007 2008
Year
0.5 Monno Febric
Linear (Monn
0 Febrics)
2004 2005 2006 2007 2008
Year
Current Liability Coverage Ratio
0.35
Value
0.3
Industry Ave
0.25
0.2 Linear (Indu
Average)
0.15
0.1 Monno Febr
0.05 Linear (Mon
0 Febrics)
2004 2005 2006 2007 2008
Year
Current Portion of Long-Term Debt Coverage

2
Value
1.5 Industr
Averag
1 Linear
(Indus
0.5 Averag
Monno
0 Febric
2004 2005 2006 2007 2008
Year
ndustry
Average
Linear (Industry
Average)
Monno Febrics
Linear (Monno
Febrics)
Ratio
dustry Average
near (Industry
erage)
onno Febrics
near (Monno
brics)
ustry Average
ear (Industry
rage)
nno Febrics
ear (Monno
rics)
Industry Average
Linear (Industry
Average)
Monno Febrics
Linear (Monno
Febrics)
Industry Average
Linear (Industry
Average)
Monno Febrics
Linear (Monno
Febrics)
Industry Analysis
Linear (Industry
Analysis)
Monno Febrics
Linear (Monno
Febrics)
Industry Average
Linear (Industry
Average)
Monno Febrics
Linear (Monno
Febrics)
Industry Analysis
Linear (Industry
Analysis)
Monno Febrics
Linear (Monno
Febrics)
atio
Industry Average
Linear (Industry
Average)
atio
Industry Average
Linear (Industry
Average)
Monno Febrics
Linear (Monno
Febrics)
es Ratio
Industry Average
Linear (Industry
Average)
Monno Febrics
Linear (Monno
Febrics)
Industry Average
Linear (Industry
Average)
Monno Febrics
Linear (Monno
Febrics)
2008
Monno Febrics
Linear (Monno
Febrics)
2008
ge Ratio
Industry Average
Linear (Industry
Average)
Monno Febrics
Linear (Monno
Febrics)
2008
Debt Coverage
Industry
Average
Linear
(Industry
Average)
Monno
Febrics
2008
Menu
StyleCraft Limited
Weight Based on Assets

StyleCraft Limited
Liquidity Ratios
Current Ratio
Quick Ratio
Quick Ratio (Current Assets-Inventory)/(Current Liabilities)
Net Working Capital to Sales Ratio (Current Assets-Current Liabilities/(Sales)
Gross Profit Margin (Gross Income/Sales)
Operationg Profit Margin (Operating Income/Sales)
Net Profit Margin (Net Income/Sales)
Activity Ratios
Inventory Turnover (Cost of Goods Sold/Inventory)
Total Asset Turnover (Sales/Total Assets)

Fixed Asset Turnover (Sales/Fixed Assets)
Total Debt to Assets Ratio (Total Debt/Total Assets)
Long Term Debt to Assets Ratio (Long Term Debt/Total Assets)
Total Debt to Equity Ratio (Total Debt/Total Shareholders Equity)
Times Interest Coverage Ratio (Earnings Before Interest and Tax/Interest)
Fixed Charge Coverage Ratios ( EBIT+Lease Payment)/(Interest+Lease Payment)
Earnings Per Share (Net Income to Share Holders/Number Of Share Outstanding)
StyleCraft Limited
Liquidity Ratios
Current Ratio (Current Assets/Current Liabilities)
Activity Ratios

Apex Spinning Mills Ltd.
Liquidity Ratios
Activity Ratios

Liquidity Ratios
Activity Ratios


2004 Weight 2005 Weight 2006 Weight 2007 Weight
571189814 0.5221676 548552243 0.454849 517596975 0.435002 497248470 0.398145
329065698 0.3008237 375796393 0.311603 360836516 0.303256 450,637,433 0.360823
193626536 0.1770086 281660018 0.233547 311440448 0.261742 301027950 0.241032

1093882048 1 1206008654 1 1189873939 1 1,248,913,853 1
2004 2005 2006 2007 2008

0.522167646 0.4548493 0.43500152 0.398145 0.37610918
0.3008237484 0.3116034 0.30325609 0.360823 0.35856933
0.1770086056 0.2335473 0.26174239 0.241032 0.26532149

2004 2005 2006 2007 2008
0.1525986073 0.1240502 0.10039695 0.091963 0.08046316
0.014241501 0.0089248 0.00974098 0.009729 0.01027044
-1.696128584 -0.857316 -5.66410849 #DIV/0! #DIV/0!
-0.38994249 -0.2122081 -0.84342366 #DIV/0! #DIV/0!
-0.790685322 -0.3060288 -0.89015697 #DIV/0! #DIV/0!
-0.734182018 -0.3024919 -1.07951699 #DIV/0! #DIV/0!
0.7500540801 1.0169114 0.36238478 0 0
0.0446996667 0.0769799 0.01219672 0 0

0.0504975345 0.0874398 0.01369714 0 0
0.6590367794 0.6301873 0.64298546 0.614362 0.60883863
0.4538886893 0.4306821 0.43652221 0.415886 0.41328836
-2.514282622 -1.6347824 -1.34481371 -1.131293 -0.98393134
-2.089377602 -2.3344729 -45.8288593 -1416.385 -2626.02588
-2.089377602 -2.3344729 -45.8288593 -1416.385 -2626.02588
-25.64191689 -20.059194 -11.1903965 -6.416445 -6.03101253
2004 2005 2006 2007 2008
0.1772324323 0.317386 0.32700429 0.314125 0.37884913
0.0002238268 0.0838387 0.0652619 0.073093 0.11352764
3.896229E-05 0.0169251 0.01269967 0.012898 0.01770206

0.0146298036 0.0191963 0.02195867 0.020716 0.02238768
0.003059024 0.0021626 0.00273859 0.002136 0.00233048
0.0025736228 0.0018743 0.00234737 0.001432 0.0015562
2.5343474251 3.0245434 2.89994893 2.48053 2.31729419
2.6490686439 2.757301 3.16439643 1.918489 3.61585544
0.8372093186 0.6525515 0.88217206 0.887995 0.96445974
0.8380818402 0.8182328 1.05463696 1.106044 1.2732624
0.0035366784 0.0657555 0.06637193 0.069301 0.08799817
0.0035366784 0.0624233 0.06637193 0.057646 0.07916844
0.0066923249 0.1767254 0.18945113 0.188901 0.25892891
2.7472781605 1.8845475 1.03428312 1.037466 0.96080687
2.7472781605 1.8845475 1.03428312 1.037466 0.96080687
23.502945184 17.146675 27.055064 17.49335 21.8889504
7.7832872349 7.7001296 8.68692058 7.175315 9.19099202
0.0044534101 0.0042953 0.00464278 0.003786 0.00471895
0.1725551955 0.229252 0.25709961 0.237246 0.26060254

2004 2005 2006 2007 2008
0.3080940406 0.312979 0.30649658 0.401785 0.39927458
0.2482951908 0.2231508 0.21226137 0.210737 0.20942085
0.0369096769 0.0332927 0.02996844 0.045249 0.03994358
0.0112470933 0.0103028 0.00754514 0.011027 0.0138516
6.4555164232 4.5067365 4.1855465 2.298405 2.48967187
2.8090252186 3.8800265 3.05230111 2.750381 2.93229855
0.9232193561 1.1835436 1.61773739 1.282698 1.36753906
7.6331613523 11.175161 14.6668021 60.07951 64.0533329
0.2888490049 0.3334842 0.3889409 0.463677 0.46078046
0.3809014514 0.4410659 0.44285558 0.521933 0.51867257
1.067124306 0.7760274 1.13245692 0.355622 0.97247415

1.067124306 0.7760274 1.13245692 0.355622 0.97247415
13.521859173 17.50703 17.2900747 21.03053 28.3409644
4.5123562262 5.6088611 5.45860958 7.216469 7.17138663
0.1003873725 0.0998308 0.09574028 0.123814 0.09073224
0.2004363759 0.2117726 0.20751581 0.23701 0.26783709
I Industry Average
2004 2005 2006 2007 2008
0.6379251 0.7544153 0.733898 0.8078727 0.858587
0.2627605 0.3159143 0.287264 0.2935597 0.333219
-1.69609 -0.8403909 -5.65141 #DIV/0! #DIV/0!
-0.338403 -0.1597191 -0.7915 #DIV/0! #DIV/0!
-0.787626 -0.3038663 -0.88742 #DIV/0! #DIV/0!
-0.720361 -0.2903147 -1.06962 #DIV/0! #DIV/0!
9.7399179 8.5481913 7.44788 4.7789344 4.806966
5.4580939 6.6373275 6.216698 4.6688693 6.548154
1.8051283 1.913075 2.512106 2.1706926 2.331999
8.5217407 12.080833 15.73514 61.185552 65.3266

0.9514225 1.0294269 1.098298 1.1473399 1.157617
0.6625735 0.6926106 0.709357 0.6720075 0.688007
-2.126689 -1.016991 -0.71251 -0.4204585 -0.20633
1.7250249 0.3261019 -43.6621 -1414.9923 -2624.09
1.7250249 0.3261019 -43.6621 -1414.9923 -2624.09
11.382887 14.594511 33.15474 32.107441 44.1989
12.295643 13.308991 14.14553 14.391784 16.36238
0.1048408 0.104126 0.100383 0.1275999 0.095451

0.3729916 0.4410246 0.464615 0.4742553 0.52844
2008 Weight
472680904 0.376109
450637433 0.358569
333446795 0.265321
1256765132 1
Menu
Monno Febrics Ltd.

Balance Sheet
As at December 30 for following years
2004 2005 2006
Total Assets 3362348231 3187404094 3170805901

Total Equity 1464984895 1516334280 1517343430
Gross Income 420014709 324543681 332036660
Non Operating Income 427688 130900 808701
Operating Expense 62812829 32015773 35211003
Interest Expense 226509814 217594814 224124751
Net income 106161874 71495752 70009150
Contribution to WWF Fund 6223432 3568242 3500457
Return on Equity 0.0724661902 0.0471503896 0.046139290958013

Equity Multiplier 2.2951419107 2.102045793 2.08970878860299
Gross Income/ Total Assets 0.1249170758 0.101820689 0.104716803982004
Non Operating Income/Total Assets 0.0001271992 4.10679E-05 0.000255045885888
Operating Expenses/Total Assets 0.0186812384 0.0100444663 0.01110474879238
Interest Expense/Total Assets 0.0673665541 0.0682670937 0.070683844422428
Contribution to WWF Fund/ Total assets 0.0018509183 0.0011194822 0.001103964452348
0.0371455642 0.0224307147 0.022079292200737
Return on Equity 0.0852543411 0.0471503896 0.046139290958013
Error Ok Ok
Total Assets 3362348231

Total Equity 1464984895
Gross Income 420014709
Non Operating Income
Operating Expense
Interest Expense
Net income
Contribution to WWF Fund
Return on Equity
Equity Multiplier
Gross Income/ Total Assets
Non Operating Income/Total Assets
Operating Expenses/Total Assets
Interest Expense/Total Assets
Contribution to WWF Fund/ Total assets
Return on Equity
onno Febrics Ltd. Monno Febrics Ltd.
alance Sheet Profit & Loss Accout
mber 30 for following years For the Year Ended December 31, 2004, 200
2007 2008
Particulars
3432827872 3581786270 Net Revenue
1510486803 1408500189 Cost of Goods Sold
365423069 283880360
182165 782335 Gross Profit
40297251 41608213
244867621 287441096 Operating Expenses
62143373 -44486614 Administrative Expense
3830493 0 Selling and Distribution Expenses
0.04114128828 -0.0315843862 Profit from Operations

2.27266326669 2.5429789062 Other Incomes
0.10644957528 0.0792566442 Finance Cost
5.3065579E-05 0.00021842035
0.0117387916 0.01161660966 Net Profit Before Contribution to WPPF
0.07133116781 0.08025076717 Contribution to WPPF & WFF
0.00111584185 0
0.0223168396 -0.0123923123 Net Profit Before Tax
0.05071866159 -0.0315133887 Incone Tax Provision
Error Error
Net Profit After Tax-Tranfered to statement of change in
Basic Earnings per share(per value TK.100)
Number of share used
Febrics Ltd.
Loss Accout
ar Ended December 31, 2004, 2005, 2006, 2007, 2008,2009
31.12.2004 31.12.2005 31.12.2006 31.12.2007 31.12.2008

1777722225 1369435429 1506857027 1540870413 1577113111 ASSETS
1357707516 1044891748 1174820367 1175447344 1293232751 Non-current Assets
Propertay, plan and Eq
420014709 324543681 332036660 365423069 283880360 Land and Land Develop
Building and Other Con
62812829 32015773 35211003 40297251 41608213 Plant, Machinery and O
28925724 16576098 17080615 23534991 24951525 Office Equipment
33887105 15439675 18130388 16762260 16656688 Vehicles
Furniture and Fictures
357201880 292527908 296825657 325125818 242272147 Sundry Assets
427688 130900 808701 182165 782335 Capital work in Process
226509814 217594814 224124751 244867621 287441096 Total Amount
131119754 75063994 73509607 80440362 -44386614

6223432 3568242 3500457 3830493 0
Curent Assats
124896322 71495752 70009150 76609869 -44386614 Inventories:
18734448 0 0 14466496 100000 Raw Materials
Finished Goods
statement of change in 106161874 71495752 70009150 62143373 -44486614 Store & Spares
9.23 6.22 6.09 5.4 -3.87 Work-in-process
11500000 11500000 11500000 11500000 11500000 Materials-in-transit
Trade & other receivabl

Advance, deposit & pre-
Advances
Deposits
Pre-payment
Cash & cash equvelent:
Cash in Hand
Cash at Banks
TOTAL ASSETS
EQITY & LIABILITIES
Share Holders' Equity

Issued and paid-up sha
Share Premium
Tax Holiday Resurve
Retained Earnings
Proposed Dividend
Non-Current Liabilities
Long Term Borrowing (
Deferred Liability
Current Liabilities
Short Term Borriwings
Long Term Loans ( Curr
Trade & other Payables
Accured Expences
Unclaimed Dividend
Provision for Income Ta
Liabilities for Other Fina
TOTAL LIABILITIES AN
Monno Febrics Ltd.
Balance sheet
As the december 31,2004,05,06,07,08,09
2004 2005 2006 2007 2008
Non-current Assets 2269886998 2147310185 2090188451 2044896725 1979035508

Land and Land Development 79456998 95316363 98280506 99632428 101032891
Building and Other Construction 412512226 505905720 535298309 532612522 542396171
Plant, Machinery and Other Equipment 1684815585 1513265403 1439599561 1373021465 1318884225
Office Equipment 6060233 7053836 7103462 7170302 7260763
475214 405772 290470 237376 190700
Furniture and Fictures 5040770 7053460 6782510 6661790 6110158
Sundry Assets 2818734 2718121 2506609 2338147 2119090
Capital work in Process 78707238 15591510 327024 23222695 1041510
Total Amount 2269886998 2147310185 2090188451 2044896725 1979035508
Curent Assats 1092461233 1040093909 1080617450 1387931147 1602750762

Inventories: 327127392 308169660 430040243 661907131 804538224
Raw Materials 77076645 57698502 95425039 158340600 199543569
Finished Goods 83314919 71749754 102201836 142128918 184831803
Store & Spares 19281660 21957678 53753516 62073278 80928269
Work-in-process 137084478 134737776 146920276 264718241 338915850
Materials-in-transit 10369690 22025950 31739576 34646094 318733
Trade & other receivables 662697006 610485108 505004319 489131171 561736245

Advance, deposit & pre-payament: 73140771 111751190 126722996 204301495 199881551
23419261 38674796 32421717 54517782 57112342
24663521 31230431 30968690 30942562 26620630
Pre-payment 25057989 41845963 63332589 118841151 116148579
Cash & cash equvelent: 29496064 9687951 18849892 32591350 36594742
Cash in Hand 2699478 2584093 6389000 8441248 2405240
Cash at Banks 26796586 7103858 12460892 24150102 34189502
TOTAL ASSETS 3362348231 3187404094 3170805901 3432827872 3581786270
EQITY & LIABILITIES
Share Holders' Equity 1464984895 1516334280 1517343430 1510486803 1408500189

Issued and paid-up share capital 1150000000 1150000000 1150000000 1150000000 1150000000
Share Premium 370575835 370575835 370575835 370575835 370575835
Tax Holiday Resurve 78224531 0 0 -67589032 -112075646
Retained Earnings -191315471 -73241555 -72232405 57500000 0
Proposed Dividend 57500000 69000000 69000000 0 0
Non-Current Liabilities 936831567 801676104 656296740 697928666 671920512

Long Term Borrowing ( Secured) 927082467 790264974 643340915 684972841 659011086
Deferred Liability 9749100 11411130 12955825 12955825 12909426
Current Liabilities 960131769 869393710 997165731 1224412403 1501365569

Short Term Borriwings 715085474 693929869 704311607 676007609 666806390
Long Term Loans ( Current Position) 65227164 69769257 74729336 26271152 73038747
Trade & other Payables 104958209 63250014 162320409 426298519 640929034
Accured Expences 21671063 24068210 34068724 56288183 51693424
Unclaimed Dividend 6718307 8561502 12147118 14623963 45483352
Provision for Income Tax 37471248 117615 117615 14584111 14684111
Liabilities for Other Finance 9000304 9697243 9470922 10338866 8730511
TOTAL LIABILITIES AND SHARE HOLDERS' EQUITY 3361948231 3187404094 3170805901 3432827872 3581786270
Monno Febrics Ltd.
Cash Flow Statement
2004 2005 2006

Cash Flow From Operating Activities: 271919845 245558034 312708865
Cah Receipts from Customers and others 1818915767 1422097068 1613142352
Cash Paid to Suppliers and Employees 1472924093 1109891541 1213775164
Cash Generated from Operation 345991674 312205527 399367188
Interest paid 70683032 65372821 79581518
Income Tax deducted at sourrce 3388797 1274672 7076805
Cash Flow From Investing Activities: -51508778 27988391 -34262112

Acquisition of Property,Plant & Equipment 73609778 87179182 34322112
Cash Realissed on Leasing of Machinery 22101000 115167573 60000
Cash Flow From Finanicng Activities: -219157848 -293354538 -269284812

Decrease in Long Term Borrowings 124169569 132675400 141963980
Installment of IDCP 35626337 0 0
Interest on Ling Term Borrowings 95229159 83866728 72288186
Increase in Short Term Borrowings(Cash Credit) 59852293 19973781 53973538
Increase in Short Term Borrowings from Banks 31053819 1181824 43591800
Dividend Paid 55038895 55656805 65414384
Temporary Loan Refunded by MCIL 0 0 0
Increase in Long Term Borrowings 0 0 0
INCrease /( Decrease) in Cash and cash equivalents 1253219 -19808113 9161941
Cash & Cash Equivalents at Beginning of Year 28242845 29496064 9687951
Cash & Cash Equivalents at End of Year 29496064 9687951 18849892
2007 2008
246762519 113574096
1556925727 1505290372
1218082661 1304700729
338843066 200589643
84071414 82332869
8009133 4682678
-42812356 -19230127
42812356 19230127
0 0
-190208705 -90340577
0 0
0 0
88555293 75304587
10809670 7865422
39113669 17066641
66523155 26640611
0 0
6826258 20805840
13741458 4003392
18849892 32591350
32591350 36594742
Menu
Monno Febrics Ltd.
2004 2005 2006 2007
Day Day Day Day
Iinventory Conversion Period 221.23 273.42 258.17 324.27
Receivable Collection Period 134.20 160.49 120.65 114.28
Payables Deferral Period 27.83 21.79 49.74 130.56
Cash Conversion Cycle 327.60 412.12 329.08 307.99

2004 2005 2006 2007
Day Day Day Day

2004 2005 2006 2007
Day Day Day Day
StyleCraft Limited
2004 2005 2006 2007
Day Day Day Day

Assumption,
2008 Sales yearly
Day perchase Yearly
365.85
128.22
178.42
315.66
2008
Day
123.34
44.02
100.67
66.69
2008
Day
9.61
0.00
0.00
9.61
2008
Day
37.74
26.42
0.97
63.19
360
360
Menu
Monno Febrics Ltd.

Balance sheet
As the december 31,2004,05,06,07,08,09
2004 2005
ASSETS
Non-current Assets 2269886998 67.51% 2147310185
Land and Land Development 79456998 2.36% 95316363
Building and Other Construction 412512226 12.27% 505905720
Plant, Machinery and Other Equipment 1684815585 50.11% 1513265403
Office Equipment 6060233 0.18% 7053836
Vehicles 475214 0.01% 405772
Furniture and Fictures 5040770 0.15% 7053460
Sundry Assets 2818734 0.08% 2718121
Capital work in Process 78707238 2.34% 15591510
Total Amount 2269886998 67.51% 2147310185
Curent Assats 1092461233 32.49% 1040093909

Inventories: 327127392 9.73% 308169660
Raw Materials 77076645 2.29% 57698502
Finished Goods 83314919 2.48% 71749754
Store & Spares 19281660 0.57% 21957678
Work-in-process 137084478 4.08% 134737776
Materials-in-transit 10369690 0.31% 22025950
Trade & other receivables 662697006 19.71% 610485108

Advance, deposit & pre-payament: 73140771 2.18% 111751190
Advances 23419261 0.70% 38674796
Deposits 24663521 0.73% 31230431
Pre-payment 25057989 0.75% 41845963
Cash & cash equvelent: 29496064 0.88% 9687951
Cash in Hand 2699478 0.08% 2584093
Cash at Banks 26796586 0.80% 7103858
TOTAL ASSETS 3362348231 100.00% 3187404094
EQITY & LIABILITIES
Share Holders' Equity 1464984895 43.58% 1516334280

Issued and paid-up share capital 1150000000 34.21% 1150000000
Share Premium 370575835 11.02% 370575835
Tax Holiday Resurve 78224531 2.33% 0
Retained Earnings -191315471 -5.69% -73241555
Proposed Dividend 57500000 1.71% 69000000
Non-Current Liabilities 936831567 27.87% 801676104

Long Term Borrowing ( Secured) 927082467 27.58% 790264974
Deferred Liability 9749100 0.29% 11411130
Current Liabilities 960131769 28.56% 869393710

Short Term Borriwings 715085474 21.27% 693929869
Long Term Loans ( Current Position) 65227164 1.94% 69769257
Trade & other Payables 104958209 3.12% 63250014
Accured Expences 21671063 0.64% 24068210
Unclaimed Dividend 6718307 0.20% 8561502
Provision for Income Tax 37471248 1.11% 117615
Liabilities for Other Finance 9000304 0.27% 9697243
TOTAL LIABILITIES AND SHARE HOLDERS' EQUITY 3361948231 100.00% 3187404094
Monno Febrics Ltd.

Particulars 31.12.2004 31.12.2005

Net Revenue 1777722225 100.00% 1369435429
Cost of Goods Sold 1357707516 76.37% 1044891748
Gross Profit 420014709 23.63% 324543681

0.00%
Operating Expenses -62812829 -3.53% -32015773
Administrative Expense -28925724 -1.63% -16576098
Selling and Distribution Expenses -33887105 -1.91% -15439675
Profit from Operations 357201880 20.09% 292527908

Other Incomes 427688 0.02% 130900
Finance Cost 226509814 12.74% 217594814
Net Profit Before Contribution to WPPF 131119754 7.38% 75063994

Contribution to WPPF & WFF -6223432 -0.35% -3568242
0.00%
Net Profit Before Tax 124896322 7.03% 71495752
Incone Tax Provision -18734448 -1.05% 0
Net Profit After Tax-Tranfered to statement of change in 106161874 5.97% 71495752

Monno Febrics Ltd.

Cash Flow Statement
2004 2005
Interest paid 70683032 65372821


Dividend Paid 55038895 55656805
2006 2007 2008
67.37% 2090188451 65.92% 2044896725 59.57% 1979035508 55.25%

0.00%
2.99% 98280506 3.10% 99632428 2.90% 101032891 2.82%
15.87% 535298309 16.88% 532612522 15.52% 542396171 15.14%
47.48% 1439599561 45.40% 1373021465 40.00% 1318884225 36.82%
0.22% 7103462 0.22% 7170302 0.21% 7260763 0.20%
0.01% 290470 0.01% 237376 0.01% 190700 0.01%
0.22% 6782510 0.21% 6661790 0.19% 6110158 0.17%
0.09% 2506609 0.08% 2338147 0.07% 2119090 0.06%
0.49% 327024 0.01% 23222695 0.68% 1041510 0.03%
67.37% 2090188451 65.92% 2044896725 59.57% 1979035508 55.25%
32.63% 1080617450 34.08% 1387931147 40.43% 1602750762 44.75%

9.67% 430040243 13.56% 661907131 19.28% 804538224 22.46%
1.81% 95425039 3.01% 158340600 4.61% 199543569 5.57%
2.25% 102201836 3.22% 142128918 4.14% 184831803 5.16%
0.69% 53753516 1.70% 62073278 1.81% 80928269 2.26%
4.23% 146920276 4.63% 264718241 7.71% 338915850 9.46%
0.69% 31739576 1.00% 34646094 1.01% 318733 0.01%
19.15% 505004319 15.93% 489131171 14.25% 561736245 15.68%

3.51% 126722996 4.00% 204301495 5.95% 199881551 5.58%
1.21% 32421717 1.02% 54517782 1.59% 57112342 1.59%
0.98% 30968690 0.98% 30942562 0.90% 26620630 0.74%
1.31% 63332589 2.00% 118841151 3.46% 116148579 3.24%
0.30% 18849892 0.59% 32591350 0.95% 36594742 1.02%
0.08% 6389000 0.20% 8441248 0.25% 2405240 0.07%
0.22% 12460892 0.39% 24150102 0.70% 34189502 0.95%
100.00% 3170805901 100.00% 3432827872 100.00% 3581786270 100.00%
47.57% 1517343430 47.85% 1510486803 44.00% 1408500189 39.32%

36.08% 1150000000 36.27% 1150000000 33.50% 1150000000 32.11%
11.63% 370575835 11.69% 370575835 10.80% 370575835 10.35%
0.00% 0 0.00% -67589032 -1.97% -112075646 -3.13%
-2.30% -72232405 -2.28% 57500000 1.68% 0 0.00%
2.16% 69000000 2.18% 0 0.00% 0 0.00%
25.15% 656296740 20.70% 697928666 20.33% 671920512 18.76%

24.79% 643340915 20.29% 684972841 19.95% 659011086 18.40%
0.36% 12955825 0.41% 12955825 0.38% 12909426 0.36%
27.28% 997165731 31.45% 1224412403 35.67% 1501365569 41.92%

21.77% 704311607 22.21% 676007609 19.69% 666806390 18.62%
2.19% 74729336 2.36% 26271152 0.77% 73038747 2.04%
1.98% 162320409 5.12% 426298519 12.42% 640929034 17.89%
0.76% 34068724 1.07% 56288183 1.64% 51693424 1.44%
0.27% 12147118 0.38% 14623963 0.43% 45483352 1.27%
0.00% 117615 0.00% 14584111 0.42% 14684111 0.41%
0.30% 9470922 0.30% 10338866 0.30% 8730511 0.24%
100.00% 3170805901 100.00% 3432827872 100.00% 3581786270 100.00%
31.12.2006 31.12.2007 31.12.2008

100.00% 1506857027 100.00% 1540870413 100.00% 1577113111 100.00%
76.30% 1174820367 77.96% 1175447344 76.28% 1293232751 82.00%
0.00% 0.00% 0.00%
23.70% 332036660 22.04% 365423069 23.72% 283880360 18.00%
0.00% 0.00% 0.00% 0.00%
-2.34% -35211003 -2.34% -40297251 -2.62% -41608213 -2.64%
-1.21% -17080615 -1.13% -23534991 -1.53% -24951525 -1.58%
-1.13% -18130388 -1.20% -16762260 -1.09% -16656688 -1.06%
0.00%
21.36% 296825657 19.70% 325125818 21.10% 242272147 15.36%
0.01% 808701 0.05% 182165 0.01% 782335 0.05%
15.89% 224124751 14.87% 244867621 15.89% 287441096 18.23%
0.00% 0.00% 0.00% 0.00%
5.48% 73509607 4.88% 80440362 5.22% -44386614 -2.81%
-0.26% -3500457 -0.23% -3830493 -0.25% 0 0.00%
0.00% 0.00% 0.00%
5.22% 70009150 4.65% 76609869 4.97% -44386614 -2.81%
0.00% 0 0.00% -14466496 -0.94% -100000 -0.01%
0.00% 0.00% 0.00% 0.00%
5.22% 70009150 4.65% 62143373 4.03% -44486614 -2.82%
6.09 5.4 -3.87
11500000 11500000 11500000
2006 2007 2008
312708865 246762519 113574096
1613142352 1556925727 1505290372
1213775164 1218082661 1304700729
399367188 338843066 200589643
79581518 84071414 82332869
7076805 8009133 4682678
-34262112 -42812356 -19230127

34322112 42812356 19230127
60000 0 0
-269284812 -190208705 -90340577

141963980 0 0
0 0 0
72288186 88555293 75304587
53973538 10809670 7865422
43591800 39113669 17066641
65414384 66523155 26640611
0 0 0
0 6826258 20805840
9161941 13741458 4003392
9687951 18849892 32591350
18849892 32591350 36594742
Monno Febrics Ltd.
Balance sheet
As the december 31,2004,05,06,07,08,09
2004 2005
ASSETS
Non-current Assets 2269886998 2147310185
Land and Land Development 79456998 95316363
Building and Other Construction 412512226 505905720
Plant, Machinery and Other Equipment 1684815585 1513265403
Vehicles 475214 405772
Furniture and Fictures 5040770 7053460
Sundry Assets 2818734 2718121
Capital work in Process 78707238 15591510
Total Amount 2269886998 2147310185
Curent Assats 1092461233 1040093909

Inventories: 327127392 308169660
Raw Materials 77076645 57698502
Store & Spares 19281660 21957678
Work-in-process 137084478 134737776
Materials-in-transit 10369690 22025950
Trade & other receivables 662697006 610485108

Advance, deposit & pre-payament: 73140771 111751190
Advances 23419261 38674796
Deposits 24663521 31230431
Pre-payment 25057989 41845963
Cash & cash equvelent: 29496064 9687951
Cash in Hand 2699478 2584093
Cash at Banks 26796586 7103858
TOTAL ASSETS 3362348231 3187404094
EQITY & LIABILITIES
Share Holders' Equity 1464984895 1516334280

Issued and paid-up share capital 1150000000 1150000000
Share Premium 370575835 370575835
Tax Holiday Resurve 78224531 0
Retained Earnings -191315471 -73241555

Long Term Borrowing ( Secured) 927082467 790264974
Deferred Liability 9749100 11411130

Short Term Borriwings 715085474 693929869
Long Term Loans ( Current Position) 65227164 69769257
Trade & other Payables 104958209 63250014
Accured Expences 21671063 24068210
Provision for Income Tax 37471248 117615
Liabilities for Other Finance 9000304 9697243
TOTAL LIABILITIES AND SHARE HOLDERS' EQUITY 3361948231 3187404094
Monno Febrics Ltd.

Particulars 31.12.2004 31.12.2005

Net Revenue 1777722225 1369435429
Cost of Goods Sold 1357707516 1044891748
Gross Profit 420014709 324543681

Administrative Expense -28925724 -16576098
Selling and Distribution Expenses -33887105 -15439675
Profit from Operations 357201880 292527908

Other Incomes 427688 130900
Finance Cost 226509814 217594814
Net Profit Before Contribution to WPPF 131119754 75063994

Contribution to WPPF & WFF -6223432 -3568242
Net Profit Before Tax 124896322 71495752

Incone Tax Provision -18734448 0
Net Profit After Tax-Tranfered to statement of change in 106161874 71495752

Monno Febrics Ltd.

Cash Flow Statement
2004 2005
Interest paid 70683032 65372821


Dividend Paid 55038895 55656805
2006 2007 2008 2004 2005 2006 2007 2008
2090188451 2044896725 1979035508 100.00% 94.60% 92.08% 90.09% 87.19%
98280506 99632428 101032891 100.00% 119.96% 123.69% 125.39% 127.15%

535298309 532612522 542396171 100.00% 122.64% 129.77% 129.11% 131.49%
1439599561 1373021465 1318884225 100.00% 89.82% 85.45% 81.49% 78.28%
7103462 7170302 7260763 100.00% 116.40% 117.21% 118.32% 119.81%
290470 237376 190700 100.00% 85.39% 61.12% 49.95% 40.13%
6782510 6661790 6110158 100.00% 139.93% 134.55% 132.16% 121.21%
2506609 2338147 2119090 100.00% 96.43% 88.93% 82.95% 75.18%
327024 23222695 1041510 100.00% 19.81% 0.42% 29.51% 1.32%
2090188451 2044896725 1979035508 100.00% 94.60% 92.08% 90.09% 87.19%
1080617450 1387931147 1602750762 100.00% 95.21% 98.92% 127.05% 146.71%

430040243 661907131 804538224 100.00% 94.20% 131.46% 202.34% 245.94%
95425039 158340600 199543569 100.00% 74.86% 123.81% 205.43% 258.89%
102201836 142128918 184831803 100.00% 86.12% 122.67% 170.59% 221.85%
53753516 62073278 80928269 100.00% 113.88% 278.78% 321.93% 419.72%
146920276 264718241 338915850 100.00% 98.29% 107.17% 193.11% 247.23%
31739576 34646094 318733 100.00% 212.41% 306.08% 334.11% 3.07%
505004319 489131171 561736245 100.00% 92.12% 76.20% 73.81% 84.77%

126722996 204301495 199881551 100.00% 152.79% 173.26% 279.33% 273.28%
32421717 54517782 57112342 100.00% 165.14% 138.44% 232.79% 243.87%
30968690 30942562 26620630 100.00% 126.63% 125.56% 125.46% 107.94%
63332589 118841151 116148579 100.00% 167.00% 252.74% 474.26% 463.52%
18849892 32591350 36594742 100.00% 32.84% 63.91% 110.49% 124.07%
6389000 8441248 2405240 100.00% 95.73% 236.68% 312.70% 89.10%
12460892 24150102 34189502 100.00% 26.51% 46.50% 90.12% 127.59%
3170805901 3432827872 3581786270 100.00% 94.80% 94.30% 102.10% 106.53%
1517343430 1510486803 1408500189 100.00% 103.51% 103.57% 103.11% 96.14%

1150000000 1150000000 1150000000 100.00% 100.00% 100.00% 100.00% 100.00%
370575835 370575835 370575835 100.00% 100.00% 100.00% 100.00% 100.00%
0 -67589032 -112075646 100.00% 0.00% 0.00% -86.40% -143.27%
-72232405 57500000 0 100.00% 38.28% 37.76% -30.06% 0.00%
69000000 0 0 100.00% 120.00% 120.00% 0.00% 0.00%
656296740 697928666 671920512 100.00% 85.57% 70.05% 74.50% 71.72%

643340915 684972841 659011086 100.00% 85.24% 69.39% 73.88% 71.08%
12955825 12955825 12909426 100.00% 117.05% 132.89% 132.89% 132.42%
997165731 1224412403 1501365569 100.00% 90.55% 103.86% 127.53% 156.37%

704311607 676007609 666806390 100.00% 97.04% 98.49% 94.54% 93.25%
74729336 26271152 73038747 100.00% 106.96% 114.57% 40.28% 111.98%
162320409 426298519 640929034 100.00% 60.26% 154.65% 406.16% 610.65%
34068724 56288183 51693424 100.00% 111.06% 157.21% 259.74% 238.54%
12147118 14623963 45483352 100.00% 127.44% 180.81% 217.67% 677.01%
117615 14584111 14684111 100.00% 0.31% 0.31% 38.92% 39.19%
9470922 10338866 8730511 100.00% 107.74% 105.23% 114.87% 97.00%
3170805901 3432827872 3581786270 100.00% 94.81% 94.31% 102.11% 106.54%
006, 2007, 2008,2009
31.12.2006 31.12.2007 31.12.2008 2004 2005 2006 2007 2008

1506857027 1540870413 1577113111 100.00% 77.03% 84.76% 86.68% 88.72%
1174820367 1175447344 1293232751 100.00% 76.96% 86.53% 86.58% 95.25%
332036660 365423069 283880360 100.00% 77.27% 79.05% 87.00% 67.59%
-35211003 -40297251 -41608213 100.00% 50.97% 56.06% 64.15% 66.24%

-17080615 -23534991 -24951525 100.00% 57.31% 59.05% 81.36% 86.26%
-18130388 -16762260 -16656688
296825657 325125818 242272147 100.00% 81.89% 83.10% 91.02% 67.82%

808701 182165 782335 100.00% 30.61% 189.09% 42.59% 182.92%
224124751 244867621 287441096 100.00% 96.06% 98.95% 108.10% 126.90%
73509607 80440362 -44386614 100.00% 57.25% 56.06% 61.35% -33.85%

-3500457 -3830493 0 100.00% 57.34% 56.25% 61.55% 0.00%
70009150 76609869 -44386614 100.00% 57.24% 56.05% 61.34% -35.54%

0 -14466496 -100000 100.00% 0.00% 0.00% 77.22% 0.53%
70009150 62143373 -44486614 100.00% 67.35% 65.95% 58.54% -41.90%

6.09 5.4 -3.87 100.00% 67.39% 65.98% 58.50% -41.93%
11500000 11500000 11500000
006, 2007, 2008, 2009
2006 2007 2008

312708865 246762519 113574096
1613142352 1556925727 1505290372
1213775164 1218082661 1304700729
399367188 338843066 200589643
79581518 84071414 82332869
7076805 8009133 4682678
-34262112 -42812356 -19230127

34322112 42812356 19230127
60000 0 0
-269284812 -190208705 -90340577

141963980 0 0
0 0 0
72288186 88555293 75304587
53973538 10809670 7865422
43591800 39113669 17066641
65414384 66523155 26640611
0 0 0
0 6826258 20805840
9161941 13741458 4003392
9687951 18849892 32591350
18849892 32591350 36594742
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Valuation Assumptions
Valuation Date 31st December 2006
Discount Rate 0.0%
Terminal Value
Terminal Switch 2
EBITDA Exit Multiple 6.0 x
Terminal Growth Rate 0.0%
Tax Rate 27.5%
(Tk in thousands) 2004 2005
Total Revenue 1777722225 1369435429

Growth Rate -0.23
COGS 1357707516 1044891748
Gross Margin 420014709 324543681

% of Sales 23.63% 23.70%

% of Sales -16.25% -18.48%
Royalty, training and consultancy 0 0
% of Sales 0 0
General and Administrative 0 0
Total Operating Expenses -288894955 -253047929
EBIT 131119754 71495752

% of Sales 7.38% 5.22%
Depreciation/Amortization 100917182 94588422
EBITDA
% of Sales
Income Taxes 18734448 0
Unlevered Net Income 112385306 71495752
Add: Depreciation/Amortization
Less: Changes in Working Capital
Less: Capital Expenditures 73609778 87179182
Net Cash Flow Before Debt
Present Value of Adjusted Cash Flows

Enterprise Value 20,858,283,556
Plus: Cash 2405240

Less: Interest Debt 287441096
Equity Value: 20,573,247,700
No of shares outstanding 11500000
Equity value per share 1788.98
Market value per share on 15th October 95.75
Variance in compare to actual value 1693.23
Cash Flow Timing (1=12 months from valuation)
Rrojected
2006 2007 2008 2009E 2010E 2011E 2012E
1506857027 1540870413 1577113111 1725666883 1888213452 2066070847 2260681250

0.10 0.02 0.02 9% 9% 9% 9%
1174820367 1175447344 1293232751 1,342,306,306 1,468,742,808 1,607,088,804 1,758,466,091
332036660 365423069 283880360 383,360,577 419,470,643 458,982,043 502,215,159

22.04% 23.72% 18.00% 22% 22% 22% 22%
-262027510 -288813200 -328266974 (316,404,670) (346,207,927) (378,818,456) (414,500,685)

-17.39% -18.74% -20.81%
0 0 0 - - - -
0 0 0
0 0 0 - - - -
-262027510 -288813200 -328266974 (316,404,670) (346,207,927) (378,818,456) (414,500,685)
70009150 76609869 -44386614 699,765,247 765,678,570 837,800,499 916,715,844

4.65% 4.97% -2.81% 41% 41% 41% 41%
91388011 970363130 1055454474 1,154,871,404 1,263,652,760 1,382,680,611 1,512,920,109
1,854,636,650 2,029,331,330 2,220,481,110 2,429,635,953

107% 107% 107% 107%
0 14466496 100000 192,435,443 210,561,607 230,395,137 252,096,857
70009150 62143373 -44486614 507,329,804 555,116,964 607,405,362 664,618,987
1055454474 1,154,871,404 1,263,652,760 1,382,680,611 1,512,920,109

101385193 45,370 51,722 58,963 67,218
34322112 42812356 19230127 21,041,480 23,023,450 25,192,109 27,565,041
1,641,114,358 1,795,694,552 1,964,834,901 2,149,906,837
234,444,908 36,646,828 5,728,382 895,421

1 2 3 4
2013E Terminal Normalized Other assumptions
2473622684 $2,473,622,684 0.09 Weighted sales growth

9%
1,924,102,132 1,924,102,132 0.78 Average COGS/Sales
549,520,552 549,520,552
22% 0.22 Average Gross margin
(453,543,947) (453,543,947)
(0.18) Average as % of sales
-
0.00 Average as % of sales
-
(453,543,947) (453,543,947)
1,003,064,499 1,003,064,499
41%
1,655,427,319 1,655,427,319
2,658,491,818 2,658,491,818
107%
275,842,737 -
727,221,762 1,003,064,499
1,655,427,319 1,655,427,319
76,628 76,628
30,161,488 30,161,488
2,352,410,964 29,996,022,412 2,628,253,701
139,966 20,580,428,051
5 5
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Terminal growth rate

2004 2005 2006 2007 2008
Net Profit 112385306 71495752 70009150 62143373 -44486614
Stockholders equity 1464984895 1516334280 1517343430 1510486803 1408500189
ROE 0.08 0.05 0.05 0.04 -0.03
Dividend 55038895 55656805 65414384 66523155 26640611
Percentage of Dividend on net profit 0.49 0.78 0.93 1.07 -0.60
(1 - payout ratio) 0.51 0.22 0.07 -0.07 1.60
Sustainable growth/Terminal growth rate 0.04 0.01 0.00 0.00 -0.05
Mean
-0.02%
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Changes in Net Working Cap

(TK. '000)
Accounts: 2007 2008 2009E
Current Assets 1387931147 1602750762 1753719434
Current Liabilities 1224412403 1501365569 1642784416.4
Net working capital 163518744 101385193 110935017
Net changes in working capital -62133551 9549824
Sales Growth Rate 0.09
Monno Febrics Ltd.

Accounts: 2004 2005 2006
Current Assets 1092461233 1040093909 1080617450
Current Liabilities 960131769 869393710 997165731
Sales 1777722225 1369435429 1506857027
Percentage Employment Working Capital against Sales 0.07443764956 0.1246500531 0.055381312

Accounts: 2004 2005 2006
Current Assets 242155744 311893952 423337043
Sales 1009893080 1427363785 1924903564

Accounts: 2004 2005 2006
Current Assets 65581083 65619729 56698749
Net working capital -158826730 -174985153 -188966498
Sales 48896163 92838439 14512560
Percentage Employment Working Capital against Sales -3.2482452662 -1.8848351489 -13.0208935
StyleCraft Limited
Accounts: 2004 2005 2006
Current Assets 87542990 138041910 154114145
Sales 502273283 503166047 633913878
Net Working Capital
2010E 2011E 2012E 2013E
1918908370 2099657026 2297431028 2513834051
1797523997.2 1966839037.6 2152102450.8 2354816469.6
121384372 132817989 145328577 159017582
10449355 11433616 12510589 13689004
brics Ltd.
2007 2008
1387931147 1602750762
1224412403 1501365569
163518744 101385193
1540870413 1577113111
0.106121023 0.064285302
Limited
2007 2008
588823931 588823931
528794507 528794507
60029424 60029424
1601979126 1718675403
0.037472039 0.034927726
Limited
2007 2008
57254680 52576984
247878678 245760760
-190623998 -193183776
0 0
#DIV/0! #DIV/0!
2007 2008
154562624 172242096
118597642 120627251
35964982 51614845
672098705 773611979
0.053511459 0.066719294
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Competitor in the Industry -0.01

Market Change 0.01
Customer Need 0.02
Raw Material Market 0.02
Output Market 0.05
Government Regulation 0.01
Changes in other Situations 0.01
Influence of other factors 0.005
YearlySales Growth -0.02
Predicted sales growth 0.09
Assume that all other factors are not affected by the external and internal influences
Average Gross profit margen 22.22%

Average Cost of goods sold 77.78%
Average Operating Expenses -19.78%
Distribution and selling expenses 0.00%
Depriciation Calculation
Year 2008 2009E 2010E 2011E 2012E

Dep. For the gross PP&E 1055454474 1154871404 1263652760 1382680611 1512920109
Tax Rate 27.50%

2013E
1655427319
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Data that are used to calculate the beta coefficient.
Stock Index
Weekly Weekly Stock Market
Price Price Returns Returns
(Close) (Close)
95 6,657.98 4.68% 0.07% SUMMARY OUTPUT
90.75 6,653.29 0.00% -1.33%
90.75 6,743.21 -8.10% 1.05% Regression Statistics
98.75 6,672.97 -7.93% 1.48% Multiple R 0.1852654866
107.25 6,575.59 -13.68% 3.67% R Square 0.0343233005
124.25 6,342.76 64.03% -0.97% Adjusted R Square 0.0212736154
75.75 6,404.97 -0.66% 1.51% Standard Error 0.1155329466
76.25 6,309.44 -5.86% -1.91% Observations 76
81 6,432.50 17.82% 4.53%
68.75 6,153.68 -7.72% -0.58% ANOVA
74.5 6,189.85 -1.97% -1.74% df
76 6,299.74 -2.56% 0.64% Regression 1
78 6,259.70 -2.80% 0.92% Residual 74
80.25 6,202.67 -1.83% 2.12% Total 75
81.75 6,073.92 -1.51% 1.54%
83 5,981.86 2.15% 4.08% Coefficients
81.25 5,747.35 -2.69% 2.29% Intercept -0.005690366
83.5 5,618.42 -6.96% -0.64% X Variable 1 0.6342152564
89.75 5,654.88 3.46% 0.71%
86.75 5,615.29 -1.14% 2.29%
87.75 5,489.67 -1.96% -1.44%
89.5 5,569.64 -1.10% -0.44%
90.5 5,594.32 -6.46% -0.42%
96.75 5,617.93 18.71% 3.87%
81.5 5,408.66 0.00% -1.66%
81.5 5,499.84 -3.26% -2.50%
84.25 5,640.94 -0.30% -0.76%
84.5 5,683.93 -3.43% -1.34%
87.5 5,760.95 -0.85% 2.22%
88.25 5,635.73 -3.55% 3.71%
91.5 5,434.04 -5.43% 0.81%
96.75 5,390.48 -5.15% 5.80%
102 5,095.21 5.43% 5.32%
96.75 4,838.06 3.75% 2.46%
93.25 4,722.10 6.57% 4.11%
87.5 4,535.53 -1.96% 2.40%
89.25 4,429.19 -0.83% 0.81%
90 4,393.64 -9.09% -0.99%
99 4,437.73 -1.98% 0.62%
101 4,410.48 0.75% 0.67%
100.25 4,380.95 -3.14% 5.70%
103.5 4,144.75 14.36% 22.52%
90.5 3,382.87 -13.60% -0.90%
104.75 3,413.53 -4.77% 1.46%
110 3,364.26 -8.71% 1.40%
120.5 3,317.93 -19.13% 1.02%
149 3,284.50 -3.72% 0.78%
154.75 3,259.04 -9.50% 4.35%
171 3,123.24 34.91% 2.11%
126.75 3,058.80 13.17% 3.95%
112 2,942.44 7.18% -1.44%
104.5 2,985.46 -0.48% 0.26%
105 2,977.72 -7.28% -1.66%
113.25 3,027.94 1.57% 0.88%
111.5 3,001.46 6.44% 1.55%
104.75 2,955.63 28.92% 1.41%
81.25 2,914.53 4.84% 1.69%
77.5 2,866.21 -0.32% -1.05%
77.75 2,896.49 -1.27% -2.89%
78.75 2,982.68 -3.37% -2.84%
81.5 3,069.71 -2.10% 6.18%
83.25 2,891.05 9.18% 2.97%
76.25 2,807.57 0.66% 2.19%
75.75 2,747.27 -0.98% 2.38%
76.5 2,683.48 -4.67% 3.66%
80.25 2,588.72 3.22% 1.40%
77.75 2,552.96 0.97% 1.84%
77 2,506.89 -2.22% 0.53%
78.75 2,493.59 6.06% -2.38%
74.25 2,554.36 -25.75% -1.63%
100 2,596.66 -9.09% 1.80%
110 2,550.74 0.46% 5.90%
109.5 2,408.67 -5.60% -0.82%
116 2,428.63 -3.33% -3.77%
120 2,523.78 -12.57% -3.77%
137.25 2,622.77 11.13% -1.14%
123.5 2,653.11
SS MS F Significance F
0.035107565066799 0.0351075651 2.630201432 0.10910175783
0.987741768920951 0.0133478617
1.02284933398775
Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0%
0.014154240921094 -0.402025485 0.688824107 -0.0338933096 0.022513 -0.033893309578165
0.391058905161186 1.6217895769 0.109101758 -0.1449867132 1.413417 -0.144986713183166
Actual Output
Beta 0.63421525636
Return 0.24%
Annualized Return 0.02846610645
Mkt. Return 1.27%
Annualised Mkt Return 0.15265235266
Cost of Equity 0.1151036882 Cost of Debt

Risk free retun 0.05 Risk free rate of return
market return 0.1526523527 Risk premium
beta 0.6342152564 Tax rate
WACC 0.0782559249
Cost of Equity 0.1151036882
Cost of Debt(1-T) 0.054375
Weight of Equity 0.3932395969
Weight of Debt 0.6067604031
WACC
Upper 95.0%
0.022513
1.413417
0.075
0.05
0.025
0.275
7.83%
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Business risk analysis
Particulars 2004 2005 2006
Sales 1777722225 1369435429 1506857027
Operating Profit (EBIT) 39038430 47627037 58,340,211
Mean of Sales 1554399641.0 Mean of Operating Profit 50419084.4

STD of Sales 147516082.3 SD of Profit 7686249.8
C.V of Sales 0.095 C.V of Operating Profit 0.152
9.49% 15.24%
Degree of Operating Leverage 2004 2005 2006

Sales 1777722225 1369435429 1506857027
% change in Sales -22.97% 10.03%
Operating Profit 39038430 47627037 58,340,211
% change in EBIT 22.00% 22.49%
DOL -0.96 2.24
Chart Title
6.00
4.85
4.00
2.00 2.24
Degree of Operating
Leverage
0.00
Linear (Degree of
2004-0.96 2005 2006 2007
Operating Leverage )
-2.00
-4.00
-6.00 -5.84
-8.00
Financial Risk
Degree of Financial Leverage 2004 2005 2006

Operating Profit 357201880 292527908 296825657
Interest 226509814 217594814 224124751
DFL 2.73 3.90 4.08
Chart Title
6.00
4.00 3.90 4.08 4.05
2.73
2.00 Degree of Financial
Leverage
Linear (Degree of
0.00 Financial Leverage)
2004 2005 2006 2007 2008
-2.00
-4.00
-5.36
-6.00
Financial Leverage Index 2004 2005 2006

ROE 0.08950246139 0.047150389556583 0.046139291
ROA 0.03899648252 0.022430714742001 0.0220792922
FLI 2.30 2.10 2.09
Chart Title
3.00
2.50 2.54
2.30 2.27
2.10 2.09
2.00
Financial Leverage
Index
1.50
Linear (Financial
Leverage Index)
1.00
0.50
0.00
2004 2005 2006 2007 2008
2.00
Financial Leverage
Index
1.50
Linear (Financial
Leverage Index)
1.00
0.50
0.00
2004 2005 2006 2007 2008
2004 2005 2006

PAT 131119754 71495752 70009150
Total Assets 3362348231 3187404094 3170805901
Equity 1464984895 1516334280 1517343430
ROA 0.0389964825151 0.022430714742001 0.0220792922
ROE 0.0895024613889 0.047150389556583 0.04613929096
2007 2008
1540870413 1577113111
50654061 56435683
2007 2008
1540870413 1577113111
2.26% 2.35%
50654061 56435683
-13.17% 11.41%
-5.84 4.85
85
Degree of Operating
Leverage
Linear (Degree of
Operating Leverage )
2007 2008
325125818 242272147
244867621 287441096
4.05 -5.36
Degree of Financial
Leverage
Linear (Degree of
Financial Leverage)
36
2007 2008
0.0507186616 -0.031513389
0.0223168396 -0.012392312
2.27 2.54
2.54
Financial Leverage
Index
Linear (Financial
Leverage Index)
008
Financial Leverage
Index
Linear (Financial
Leverage Index)
008
2007 2008
76609869 -44386614
3432827872 3581786270
1510486803 1408500189
0.0223168396 -0.01239231229
0.05071866159 -0.03151338874
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2004 Weight 2005 Weight 2006 Weight

Sreepur Textile Mills Limited 112628 0.001301 3148968 0.034672 93512 0.001068
Apex Spinning Mills Limited 84000000 0.970651 84000000 0.924886 84000000 0.958918
StyleCraft Limited 2427240 0.028048 3673024 0.040442 3505220 0.040015
Weight Based on Assets 86539868 1 90821992 1 87598732 1
2004 2005 2006 2007 2008

Cash Conversion Cycle

2004 2005 2006 2007 2008

Industry Average
2004 2005 2006 2007 2008
Cash Conversion Cycle 32.7387 31.92712 48.70063 70.06632 66.50558
2004 2005 2006 2007
Monno Febrics Ltd.
CCC 327.60 412.12 329.08 307.99
2007 Weight 2008 Weight Apex Spinning Mills Limited
79485 0.0009 67562 0.000772 CCC 32.39 31.56 48.34 69.81
84,000,000 0.95162 84000000 0.960374 CCC 21.20 15.36 9.58 11.51
StyleCraft Limited
4191012 0.047479 3398372 0.038854 CCC 45.23 54.59 58.41 76.24
88,270,497 1 87465934 1
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CCC of Monno Febrics Ltd.

2004 2005 2006 2007 2008
327.60 412.12 329.08 307.99 315.66
2008
315.66
66.69
9.61
63.19
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Monno Febrics Ltd.

2004 2005 2006 2007 2008
Adjusted Accounts Receivable 415657668 338334951 335758427 333862240 361656995

2004 2005 2006 2007 2008
Adjusted Accounts Receivable 40316514.9 51101739 64093527 66714163 74856311.2

2004 2005 2006 2007 2008
Adjusted Accounts Receivable 0 0 0 0 0
StyleCraft Limited
2004 2005 2006 2007 2008
Adjusted Accounts Receivable 31318939.6 39008991 48096982 73831263.4 52600214.5
Monno Febrics Ltd.

2004 2005 2006 2007 2008
Adjusted Value of Inventory 468399953 477544332 681475111 1233351567 1515071468

2004 2005 2006 2007 2008
Adjusted Value of Inventory 38788881.8 87161558 122302189 225628833 224736204

2004 2005 2006 2007 2008
Adjusted Value of Inventory 100855530 88137768 112654414 #DIV/0! #DIV/0!
StyleCraft Limited
2004 2005 2006 2007 2008
Adjusted Value of Inventory 32278613.9 35392759 52810843 57995080.1 84436522.5
1
2004 2005 2006 2007

(1/Accounts Receivable turnover) 0.373 0.446 0.335 0.317
(1-A.A/R) 0.627 0.554 0.665 0.683
2004 2005 2006 2007

(1-A.A/R) 0.373 0.446 0.335 0.317
2004 2005 2006 2007

(1/Accounts Receivable turnover) 0 0 0 0
(1-A.A/R) 0 0 0 0
2004 2005 2006 2007

(1-A.A/R) 0.9331808 0.9152986 0.9172852 0.8743637
2004 2005 2006 2007

(1/Inventory turnOver Ratio) 0.8046367 0.9954083 0.919815 1.1807685
(((1/A.R.T.)-(1/I.TurnOver))) -0.432 -0.550 -0.585 -0.863
2004 2005 2006 2007

(((1/A.R.T.)-(1/I.TurnOver))) 0.0604924 0.0111679 0.0269001 -0.025798
2004 2005 2006 2007

(1/Inventory turnOver Ratio) 0.6961733 0.4472851 1.2003857 #DIV/0!
(((1/A.R.T.)-(1/I.TurnOver))) -0.696173 -0.447285 -1.200386 #DIV/0!
2004 2005 2006 2007

(((1/A.R.T.)-(1/I.TurnOver))) -0.003025 0.007484 -0.007543 0.0284668
2008
0.356
0.644
2008
0.1222827
0.356
2008
0
2008
0.0733772
0.9266228
2008
1.2393367
-0.883
2008
0.1440227
-0.02174
2008
#DIV/0!
#DIV/0!
2008
0.1144962
-0.041119
Menu
2004 Weight 2005 Weight 2006
Sreepur Textile Mills Limited 571189814 0.522168 548552243 0.4548493 517596975
Apex Spinning Mills Limited 329065698 0.300824 375796393 0.3116034 360836516
StyleCraft Limited 193626536 0.177009 281660018 0.2335473 311440448
Weight Based on Assets 1093882048 1 1206008654 1 1189873939
2004 Comp
2005
re he n si
2006 2007 2008
Adjusted Accounts Receivable
2004 2005 2006 2007 2008

Sreepur Textile Mills Limited 0 0 0 0 0
Apex Spinning Mills Limited 12128165.1 15923476 19436752.4 24072036 26841177.5
StyleCraft Limited 5543721.82 9110443 12589019 17795682 13955967.2
Industry Average
2004 2005 2006 2007 2008
Adjusted Accounts Receivable 17671887 25033919 32025771.5 41867718 40797144.7
Adjusted Value of Inventory

2004 2005 2006 2007 2008
Sreepur Textile Mills Limited 52663494.5 40089406 49004841.4 #DIV/0! #DIV/0!
Apex Spinning Mills Limited 11668616.8 27159837 37088883.5 81412179 80583510.5
StyleCraft Limited 5713592.44 8265882 13822836.3 13978658 22402823.8
Industry Average
2004 2005 2006 2007 2008
Adjusted Value of Inventory 70045703.8 75515125 99916561.2 95390837 102986334
Weight 2007 Weight 2008 Weight
0.435002 497248470 0.398145 472680904 0.376109
0.303256 450,637,433 0.360823 450637433 0.358569
0.261742 301027950 0.241032 333446795 0.265321
L iq u i di t y I
1 1,248,913,853
n dex 1 1256765132 1
ehensive
Menu
Monno Febrics Ltd.
2004 2005 2006
NBL=(Cash+Marketable Securities-Notes payable)/Total Assets 0.008772 0.003039 0.005945

2004 2005 2006

2004 2005 2006
StyleCraft Limited
2004 2005 2006
rics Ltd.
2007 2008
0.009494 0.010217
g Mills Limited
2007 2008
0.248111 0.248111
e Mills Limited
2007 2008
0.000191 0.000344
2007 2008
0.006925 0.022205
2004 Weight 2005 Weight
Sreepur Textile Mills Limited 571189814 0.522167646 548552243 0.454849342
Apex Spinning Mills Limited 329065698 0.300823748 375796393 0.311603397
StyleCraft Limited 193626536 0.177008606 281660018 0.233547261
Weight Based on Assets 1093882048 1 1206008654 1
2004 2005 2006 2007

Sreepur Textile Mills Limited 0.52216765 0.454849342 0.435001522459599 0.398144731
Apex Spinning Mills Limited 0.30082375 0.311603397 0.303256088038415 0.360823472
StyleCraft Limited 0.17700861 0.233547261 0.261742389501986 0.241031797
2004 2005 2006 2007

Sreepur Textile Mills Limited 0.00013996 0.000463046 9.39074E-05 7.5922E-05
Apex Spinning Mills Limited 0.04252663 0.04429937 0.055583168798187 0.089524389
StyleCraft Limited 0.02089146 0.014160827 0.017274415655556 0.001669102
Industry Average
2004 2005 2006 2007
Net Liquidity Balance 0.06355805 0.058923242 0.072951491880687 0.091269414
2006 Weight 2007 Weight 2008 Weight
517596975 0.435002 497248470 0.398145 472680904 0.376109
360836516 0.303256 450,637,433 0.360823 450637433 0.358569
311440448 0.261742 301027950 0.241032 333446795 0.265321
1189873939 1 1,248,913,853 1 1256765132 1
2008 Menu
0.37610918
0.35856933
0.26532149
2008
0.0001292
0.08896511
0.0058915
Monno Febrics Ltd.

2008 2004 2005 2006 2007 2008
0.09498581 NLB 0.0087724596 0.003039 0.00594483 0.009494 0.010217
Menu
2004 Weight 2005
Sreepur Textile Mills Limited 571189814 0.522168 548552243
Apex Spinning Mills Limited 329065698 0.300824 375796393
StyleCraft Limited 193626536 0.177009 281660018
Weight Based on Assets 1093882048 1 1206008654
2004 2005 2006

Sreepur Textile Mills Limited 0.522167646 0.454849 0.43500152
Apex Spinning Mills Limited 0.3008237484 0.311603 0.30325609
StyleCraft Limited 0.1770086056 0.233547 0.26174239
Industry Average
2004 2005 2006
Sreepur Textile Mills Limited -1.696128584 -0.857316 -5.66410849
Apex Spinning Mills Limited 0.0017021588 0.000299 0.00070514
StyleCraft Limited 3.896229E-05 0.016925 0.01269967
-1.694387463 -0.840092 -5.65070368
Percentage Employment Working Capital against Sales -169.44% -84.01% -565.07%
Monno Febrics Ltd.

2004 2005 2006
0.0744376496 0.12465 0.05538131
Percentage Employment Working Capital against Sales 7.44% 12.47% 5.54%
Weight 2006 Weight 2007 Weight 2008 Weight
0.454849 517596975 0.435002 497248470 0.398145 472680904 0.376109
0.311603 360836516 0.303256 450,637,433 0.360823 450637433 0.358569
0.233547 311440448 0.261742 301027950 0.241032 333446795 0.265321
1 1189873939 1 1,248,913,853 1 1256765132 1
2007 2008
0.398145 0.37610918
0.360823 0.35856933
0.241032 0.26532149
2007 2008
#DIV/0! #DIV/0!
0.013521 0.01252401
0.012898 0.01770206
0.026419 0.03022607
2.64% 3.02%
2007 2008
0.106121 0.0642853
10.61% 6.43%
Du pont Analysis
2005 2006 2007
NI 112,385,306 71,495,752 70,009,150
ROE Equity ### ### ###
0.0767143104 0.0471503896 0.046139291

Du pont 4.46421E-07 0.000431515 6.458656E-08
ERROR ERROR ERROR
Profit Margin Total Assets Turnover Equity Multipler
Net Income Sales Total Assets

Sales X Total Assets X Common Equity =
654 1,777,722,225 ###

2004 ### X 3,362,348,231 X ### =
654,321 1,369,435,429 ###

2005 ### X 3,187,404,094 X ### =
98 2269933012 42522853993
2006 ### X 42,522,853,993 X ### =
908 776761610 61535523726

2007 776,761,610 X 61,535,523,726 X ### =
987 907903740 64147269693

2008 907,903,740 X 64,147,269,693 X ### =
alysis
2008 2009
62,143,373 (44,486,614)
### ###
0.0411412883 -0.031584386
6.011307E-07 7.007454E-07
ERROR ERROR
ROE
Net Income
Common Equity
3.909168E+21 4.46E-07
8.756685E+27
2.856075E+24 0.000432
6.618714E+27
9.459355E+21 6.46E-08
1.464601E+29
4.340098E+22 6.01E-07
7.21989E+28
5.748243E+22 7.01E-07
8.203041E+28
Menu Monno Febrics Ltd.

Balance sheet
As the december 31,2004,05,06,07,08
ASSETS
Non-current Assets
Propertay, plan and Equipment at cost Less Depreciation
Land and Land Development
Building and Other Construction
Plant, Machinery and Other Equipment
Office Equipment
Vehicles
Furniture and Fictures
Sundry Assets
Capital work in Process
Total Amount
Curent Assats
Inventories:
Raw Materials
Finished Goods
Store & Spares
Work-in-process
Materials-in-transit
Trade & other receivables

Advance, deposit & pre-payament:
Advances
Deposits
Pre-payment
Cash & cash equvelent:
Cash in Hand
Cash at Banks
TOTAL ASSETS
EQITY & LIABILITIES
Share Holders' Equity

Issued and paid-up share capital
Share Premium
Tax Holiday Resurve
Retained Earnings
Proposed Dividend
Non-Current Liabilities
Long Term Borrowing ( Secured)
Deferred Liability
Current Liabilities
Short Term Borriwings
Long Term Loans ( Current Position)
Trade & other Payables
Accured Expences
Unclaimed Dividend
Provision for Income Tax
Liabilities for Other Finance
TOTAL LIABILITIES AND SHARE HOLDERS' EQUITY
Monno Febrics Ltd.

For the Year Ended December 31, 200
Particulars
Net Revenue
Cost of Goods Sold
Gross Profit
Operating Expenses
Administrative Expense
Selling and Distribution Expenses
Profit from Operations

Other Incomes
Finance Cost
Net Profit Before Contribution to WPPF

Contribution to WPPF & WFF
Net Profit Before Tax

Incone Tax Provision
Net Profit After Tax-Tranfered to statement of change in

Basic Earnings per share(per value TK.100)
Number of share used
Monno Febrics Ltd

Cash Flow Statement
For the Year Ended December 31, 200
Cash Flow From Operating Activities:

Cah Receipts from Customers and others
Cash Paid to Suppliers and Employees
Cash Generated from Operation
Interest paid
Income Tax deducted at sourrce
Cash Flow From Investing Activities:
Acquisition of Property,Plant & Equipment
Cash Realissed on Leasing of Machinery
Cash Flow From Finanicng Activities:

Decrease in Long Term Borrowings
Installment of IDCP
Interest on Ling Term Borrowings
Increase in Short Term Borrowings(Cash Credit)
Increase in Short Term Borrowings from Banks
Dividend Paid
Temporary Loan Refunded by MCIL
Increase in Long Term Borrowings
INCrease /( Decrease) in Cash and cash equivalents
Cash & Cash Equivalents at Beginning of Year
Cash & Cash Equivalents at End of Year
Febrics Ltd.
nce sheet
ember 31,2004,05,06,07,08,09
2004 2005 2006 2007 2008

2269886998 2147310185 2090188451 2044896725 1979035508
at cost Less Depreciation:
79456998 95316363 98280506 99632428 101032891
412512226 505905720 535298309 532612522 542396171
1684815585 1513265403 1439599561 1373021465 1318884225
6060233 7053836 7103462 7170302 7260763
475214 405772 290470 237376 190700
5040770 7053460 6782510 6661790 6110158
2818734 2718121 2506609 2338147 2119090
78707238 15591510 327024 23222695 1041510
2269886998 2147310185 2090188451 2044896725 1979035508
1092461233 1040093909 1080617450 1387931147 1602750762

327127392 308169660 430040243 661907131 804538224
77076645 57698502 95425039 158340600 199543569
83314919 71749754 102201836 142128918 184831803
19281660 21957678 53753516 62073278 80928269
137084478 134737776 146920276 264718241 338915850
10369690 22025950 31739576 34646094 318733
662697006 610485108 505004319 489131171 561736245

73140771 111751190 126722996 204301495 199881551
23419261 38674796 32421717 54517782 57112342
24663521 31230431 30968690 30942562 26620630
25057989 41845963 63332589 118841151 116148579
29496064 9687951 18849892 32591350 36594742
2699478 2584093 6389000 8441248 2405240
26796586 7103858 12460892 24150102 34189502
3362348231 3187404094 3170805901 3432827872 3581786270
1464984895 1516334280 1517343430 1510486803 1408500189

1150000000 1150000000 1150000000 1150000000 1150000000
370575835 370575835 370575835 370575835 370575835
78224531 0 0 -67589032 -112075646
-191315471 -73241555 -72232405 57500000 0
57500000 69000000 69000000 0 0
936831567 801676104 656296740 697928666 671920512

927082467 790264974 643340915 684972841 659011086
9749100 11411130 12955825 12955825 12909426
960131769 869393710 997165731 1224412403 1501365569

715085474 693929869 704311607 676007609 666806390
65227164 69769257 74729336 26271152 73038747
104958209 63250014 162320409 426298519 640929034
21671063 24068210 34068724 56288183 51693424
6718307 8561502 12147118 14623963 45483352
37471248 117615 117615 14584111 14684111
9000304 9697243 9470922 10338866 8730511
E HOLDERS' EQUITY 3361948231 3187404094 3170805901 3432827872 3581786270
Febrics Ltd.
Loss Accout
ar Ended December 31, 2004, 2005, 2006, 2007, 2008,2009
-288894955
31.12.2004 31.12.2005 31.12.2006 31.12.2007 31.12.2008

1777722225 1369435429 1506857027 1540870413 1577113111
1357707516 1044891748 1174820367 1175447344 1293232751
420014709 324543681 332036660 365423069 283880360
-62812829 -32015773 -35211003 -40297251 -41608213

-28925724 -16576098 -17080615 -23534991 -24951525
-33887105 -15439675 -18130388 -16762260 -16656688
357201880 292527908 296825657 325125818 242272147

427688 130900 808701 182165 782335
226509814 217594814 224124751 244867621 287441096
131119754 75063994 73509607 80440362 -44386614

0 -3568242 -3500457 -3830493 0
131119754 71495752 70009150 76609869 -44386614

18734448 0 0 14466496 100000
statement of change in 112385306 71495752 70009150 62143373 -44486614

9.23 6.22 6.09 5.4 -3.87
11500000 11500000 11500000 11500000 11500000
Febrics Ltd.
ow Statement
ar Ended December 31, 2004, 2005, 2006, 2007, 2008, 2009
2004 2005 2006 2007 2008

271919845 245558034 312708865 246762519 113574096
1818915767 1422097068 1613142352 1556925727 1505290372
1472924093 1109891541 1213775164 1218082661 1304700729
345991674 312205527 399367188 338843066 200589643
70683032 65372821 79581518 84071414 82332869
3388797 1274672 7076805 8009133 4682678
-51508778 27988391 -34262112 -42812356 -19230127
73609778 87179182 34322112 42812356 19230127
22101000 115167573 60000 0 0
-219157848 -293354538 -269284812 -190208705 -90340577

124169569 132675400 141963980 0 0
35626337 0 0 0 0
95229159 83866728 72288186 88555293 75304587
gs(Cash Credit) 59852293 19973781 53973538 10809670 7865422
gs from Banks 31053819 1181824 43591800 39113669 17066641
55038895 55656805 65414384 66523155 26640611
0 0 0 0 0
0 0 0 6826258 20805840
and cash equivalents 1253219 -19808113 9161941 13741458 4003392
nning of Year 28242845 29496064 9687951 18849892 32591350
29496064 9687951 18849892 32591350 36594742
76 987
65 65
53 53
23 23
123 123
1432 1432
Total 1772 2683
1432 1432
292 292
total 1724 1724
false false

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Financial Statements (Monno Febics)

tio Analysis's Graph

dity Index & Industry

Curent Assats 1092461233 1040093909

Trade & other receivables 662697006 610485108

Share Holders' Equity 1464984895 1516334280

Current Liabilities 960131769 869393710

TOTAL LIABILITIES AND SHARE HOLDERS' EQUITY 3361948231 3187404094

Monno Febrics Ltd.

Particulars 31.12.2004 31.12.2005

Gross Profit 420014709 324543681

Operating Expenses -62812829 -32015773

Profit from Operations 357201880 292527908

Net Profit Before Contribution to WPPF 131119754 75063994

Net Profit Before Tax 131119754 71495752

Net Profit After Tax-Tranfered to statement of change in equity 112385306 71495752

Cash Flow From Investing Activities: -51508778 27988391

Cash Flow From Finanicng Activities: -219157848 -293354538

Apex Spinning Mills Limited

APPLICATION OF FUNDS: 31.03.2004 31.03.2005

Sub-Total 80356641 77563511

Less: Accumulated Depreciation 0 0

Current Asset: 242155744 311893952

Trade Debtors: 108151333 114631023

Advance, Deposits & Prepayments: 46198903 55691542

Total Asset 329065698 375796393

Share Premium 15000000 15000000

Loan Fund (Secured):

Apex Spinning Mills Limited

Financial expenses 9204482 14761229

OPERATING PROFIT 39038430 47627037

Other Income 2817485 3896044

PROFIT BEFORE PPF & WF 41855915 51523081

Retained earnings carried forward 51589995 68420811

Basic Earning per share 44.95 56.18

Apex Spinning Mills Limited

CASH FLOWS FROM INVESTING ACTIVITIES: -105233542 -88986321

CASH FLOW FROM FININCING ACTIVITIES: 19195576 38553784

Sreepur Textile Mills Limited

Sreepur Textile Mills Limited

Sreepur Textile Mills Limited

Advances, Deposits, & Pre-payments: 21050223 42385324

Cash & Bank Balances 22852790 17078080

Total of Current Assets 87542990 138041910

Current Liabilities & Provisions

ImportBills Payable: 70821961 81610415

Trade Creditors 180318 1196529

Creditors for Expanses: 5807525 5271219

Dividend Payable: 2418418 1813368

Income Tax Payable 964015 399354

Short Term Loan 0 4018667

Share Holders' Equity:

RetainedEarning-As per & Loss Account 96124270 98598204

Export of Finish Goods 502273283 503166047

Less: Perating & Financial Expenses 32832830 36698380

Operating Profit 8680177 4659131

Less: Non-operating Profit

Contribution to Workers' Participation /welfare fund 413342 221863

LesS: Income Tax 964015 399254

Net Profit After Tax for the Year 7302820 4038014

Profit Brought Forward 92055854 96124270

Profit Available for Appropriations 99358674 100162284