Financial and Ratios Analysis of Nishat Mills Pakistan

4553 WordsJan 6, 201219 Pages
CHAPTER 1 INTRODUCTION AND HISTORY OF THE COMPANY MISSION STATEMENT To provide quality products to customers and explore new markets to promote/expand sales of the Company through good governance and foster a sound and dynamic team, so as to achieve optimum prices of products of the Company for sustainable and equitable growth and prosperity of the Company. VISION STATEMENT To transform the Company into a modern and dynamic yarn, cloth and processed cloth and finished product manufacturing Company with highly professionals and fully equipped to play a meaningful role on sustainable basis in the economy of Pakistan. To transform the Company into a modern and dynamic power generating Company with highly professionals and fully equipped…show more content…
b. Facilitates Inter-Firm Comparison: It provides data for inter-firm comparison. Ratios highlight the factors associated with successful and unsuccessful firm. They also reveal strong firms and weak firms, overvalued and undervalued firms. c. Helps in Planning: It helps in planning and forecasting. Ratios can assist management, in its basicfunctions of forecasting for Planning, co-ordination, control and communications. d. Makes Inter-Firm Comparison Possible: Ratios analysis also makes possible comparison of the performance of differentdivisions of the firm. The ratios are helpful in deciding about their efficiency orotherwise in the past and likely performance in the future. e. Help in Investment Decisions: It helps in investment decisions in the case of investors and lending decisions in the case of bankers etc. 3. LIMITATIONS OF RATIOS ANALYSIS The ratios analysis is one of the most powerful tools of financial management.Though ratios are simple to calculate and easy to understand, they suffer from seriouslimitations. f. Limitations of Financial Statements: Ratios are based only on the information whichhas been recorded in the financial statements. Financial statements themselves aresubject to several limitations. Thus ratios derived, there from, are also subject to thoselimitations. For example; non-financial changes though important for the business arenot relevant by the financial statements. Financial statements
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