Persentation of millat tractor by abdul waheed
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Transcript of Persentation of millat tractor by abdul waheed
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PRESENTATION AT MILLAT TRACTOR LIMITED
1. ABDUL WAHEED AHMAD AWAN……………………………………. 3038
2. MUHAMMAD QURBAN …………………………………….. 3015
3. SAJID ALI ……………………………………… 3011
4. USMAN ……………………………………… 3036
Presented By:
Submitted To:Ms. Mehvish
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CONTENTS
Company ◦ Introduction……………………………………………………………………………………..◦ Nature Of Business……………………………………………………………………………◦ Products……………………………………………………………………………………………◦ Financial Sources……………………………………………………………………………….◦ Example of company conducting same nature of business………………..◦ Documents of company…………………………………………………………………….◦ Market strategy…………………………………………………………………………………◦ Conclusion ………………………………………………………………………………………..
References Link http://www.millatgears.com/index.php?option=com_content&view=article&id=4&Itemid=101
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INTRODUCTION1. Millat Tractors Limited (MTL) was established in 1964 to introduce and market Massey Ferguson (MF) Tractors in
Pakistan. An assembly plant was set up in 1967 to assemble tractors imported in semi-knocked down (SKD) condition.
2. The company was nationalized under Economic Reforms Order in 1972 and started assembling and marketing tractors
on behalf of Pakistan Tractor Corporation (PTC) which was formed by the Government for import of tractors in SKD
condition. In 1980 the Government decided on indigenization of the tractors and entrusted this task to PTC (Pakistan
Tractor Corporation).
3. In 1992, the company was privatized. The employees joined hands and took over the management by winning an open
bid. The Tractor Assembly Plant is part of this philosophy. This plant started its production in 1992. The establishment of
this modern plant not only increased production capacity to 16000 tractors per year on a single shift basis
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Board of Directors
Sikandar Mustafa Khan (Chairman)Ahsan Imran Shaikh (Chief Executive)Sohail Bashir RanaMian Muhammad SaleemLatif Khalid HashmiLaeeq-ud-Din AnsariS M Irfan Aqueel
Company Secretary
Mian Muhammad Saleem
Chief Financial Officer
Sohail Ahmed Nisar , FCA
Auditors
A.F Ferguson & Co.(Chartered Accountants Lahore)
Legal Advisors
Walker Martineau Saleem(Advocate & Legal Consultants)
Registered Address
8.8-K.M. Lahore Sheikhupura Road,Shahdra, Lahore.
Plant Site
10-K.M. Raiwind Road, Lahore.
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NATURE OF BUSINESS Millat Tractors Limited is a public limited company incorporated in Pakistan under the
companies ordinance 1984, and is listed on the Karachi, Islamabad and Lahore Stock Exchanges.
The registered office of the company is situated at Sheikhupura Road, District Sheikhupura. It is
principally engaged in assembly and manufacture of agriculture tractors, implements and
equipment.
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PRODUCTS Millat Tractors Limited is principally engaged in assembly and manufacture of
agriculture tractors, implements and agriculture equipment.
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Products Millat Tractors Limited Tractors
1. MF-240
2. MF-260(TURBO)
3. MF-350
4. MF-350+
5. MF-375
6. MF-385
7. MF-385(4WD)
8. MF- 455
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Agricultural Instruments
Mould board plough
Chisel plough
Disc plough
Tine Tiller
Disc harrow
Rigger
Lawn mover
Post hole digger
Adjustable Pintle hook
Jib crane
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Vision & Mission Our Vision
◦ Aspired to reach and sustain at ultimate heights of value and excellence in engineering.
Our Mission◦ “To be a preferred choice for customers and suppliers, competing in the domestic and overseas
markets by continuously delivering value on a long term basis through a high performance team driven by innovation and adherence to Health, Safety and Environmental standards benefiting all stake holders. ”
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FINANCIAL SOURCES
PRINCIPAL BANKERS
◦ HABIB BANK LIMITED
◦ HABIB METTROPOLITAN BANK LIMITED
◦ MCB (MUSLIM COMMERCIAL BANK)
◦ UNITED BANK LIMITED
◦ FAISAL BANK LIMITED
◦ MEEZAN BANK LIMITED
GENERAL PUBLIC
◦ by issue shares
◦ By issue denetures
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EXAMPLE OF COMPANY CONDUCTING SAME NATURE OF BUSINESS
AL-GHANI TRACTORS Ltd. COMPANY
ROSSI TRACTOR Ltd. COMPANY
FOARD TRACTOR Ltd. COMPANY
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CONSOLIDATE BALANCE SHEETAs on 30 june 2012.
Equity and liabilities (RUPEES IN THOUSANDS)
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ASSETS (RUPEES IN THOUSANDS)
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CONSOLIDATE PROFIT AND LOSS ACCOUNTFor As on 30 june 2012.
(RUPEES IN THOUSANDS)
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STATEMENT OF COMPREHENSIVE INCOME STATEMENT
For As on 30 june 2012.(RUPEES IN THOUSANDS)
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Marketing department has following braches.
Tractors sales
Area Development
Institutional Sales and Export
Sales support
Service Department
Distribution Department
Parts
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Marketing Strategy /Network
Market strategy /NetworkRegional Offices 5
Sales Regions 13
Main Dealers 74
Authorized Workshops 458
Parts Dealers 45
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Pakistan’s EconomyThe economy on average grew 2.94% per annum since 2008-09. During FY12 and FY13 the power shortage became so severe that it wiped out 2% from our GDP. Agriculture, Manufacturing and the Services sector performed below their capacities. The adverse impact of the economic crunch was further aggravated by the war on terror causing irreversible damage to the economy.
The Agriculture sector managed a growth of 3.3%, against the previous year’s growth rate of 3.5%. Large Scale Manufacturing (LSM) sector grew by 2.8%, compared to the growth of 1.2% last year. The Services sector witnessed a growth of 3.7%, as compared to 5.3% in 2012.
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Sale/Production VolumeUnits
No of Units ProducedNo. of Units Sold
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
27,260
27,5
06
30,2
44
40,1
78
42,1
88
32,0
04
32,0
16
30,677
40,14042,011
2008 2009 2010 2011 2012 2013
32,006 32,023
Years
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2013 2012
Sales Revenue Rs. in Million 22,699 20,133
Profit After Tax Rs. in Million 2,139 1,978
Number of Outstanding Shares (000’s) 40,266 36,606
Earnings per Share-Basic and Diluted Rs. 53.11 49.11
Dividend Rs. / Share 55.00 65.00
Capital Expenditure Rs. in Million 204 168
Long Term Investments Rs. in Million 354 288
Total Assets Rs. in Million 10,125 10,289
Shareholders Equity Rs. in Million 4,764 5,162
Return on Capital Employed Percentage 45.38 38.50
Current Ratio Times 1.64 : 1 1.77 : 1
Debt : Equity Ratio Times 0 : 100 0 : 100
Market Capitalization (Year End) Rs. in Million 21,139 17,675
Market Capitalization (Year End) US$ in Million 214 188
Price to Earning Ratio Times 9.88 8.94
Net Assets per Share Rs. 118.31 141.01
Conclusion on financial sources
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Dividends
Dividend Based on 2014 Final Rs. 40.00 Dividend Yield Based on 2014 Final 6.68
Interim Dividend Based on 2015 2Q Rs. 25.00 Dividend Last Quarter Based on 2015 2Q Rs. 25.00
Exp Dividend Based on 2015 2Q Rs. 63.55 Exp Dividend Yield Based on 2015 2Q 10.62
Exp Dividend Growth Based on 2015 2Q 58.88 Dividend Cover Based on 2014 Final 0.84
Payout Ratio Based on 2014 Final 119.55 Exp Payout Ratio Based on 2015 2Q 119.55
Sales
Sales Per Share Based on 2014 Final 374.56 Exp Sales Per Share Based on 2015 2Q 459.10
Price To Sales Based on 2014 Final 1.60 Exp Price To Sales Based on 2015 2Q 1.30
Sales P-S Growth Based on 2014 Final -26.91 Exp Sales P-S Growth Based on 2015 2Q 22.57
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Enterprise Value (EV)
EV To Sales Based on 2014 Final 1.53 Exp EV To Sales Based on 2015 2Q 1.23
Enterprise Value Based on 2015 2Q 25.07 B Market Capitalization 26.48 B
EV To EBITDA Based on 2014 Final 11.64 EV Per Share Based on 2015 2Q 566.00
Cash
Cash Flow Per Share Based on 2015 2Q 33.10 Cash Per Share Based on 2015 2Q 33.10
Net Asset Value (NAV)
Net Asset Value N/A Discount To NAV N/A
Exp Net Asset Value N/A Exp Discount To NAV N/A
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Advances & DepositsEquity To Advances N/A Advance Deposite Ratios N/A
Cash To Deposits Ratio N/A
InsuranceUnderwriting Result To PAT N/A Investment Income To PAT N/A
ProfitablilityNet Profit Margin Based on 2014 Final 8.93 Gross Profit Margin Based on 2014 Final 17.94
EBIT Margin Based on 2014 Final 12.80 EBITDA Margin Based on 2014 Final 13.17
Net Interest Margin N/A
LiquidityInterest Cover Based on 2014 Final 28.57 Times Interest Earned Based on 0 N/A
Inventory Turnover Based on 2014 Final 6.82 Asset Turnover Based on 2014 Final 236.39
Current Ratio Based on 2015 2Q 1.79 Effective Tax Rate Based on 2014 Final 32.13
Quick Ratio Based on 2014 Final 1.19 Net Interest To Assets Based on 2014 Final N/A
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Solvency
Long Debt To Equity Based on 2015 2Q 0.56 % Total Debt To Equity Based on
2015 2Q 84.76 %
Long Debt To Assets Based on 2015 2Q 0.30 % Total Debt To Assets Based on
2015 2Q 45.87 %
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Thank you