This document is a report analyzing the financial performance of Lucky Cements and Attock Cements. It includes profiles of the two companies, their income statements and balance sheets from 2008-2011, and calculations of key financial ratios to assess liquidity, long-term solvency, and profitability. Ratios show Attock Cement had stronger liquidity and profitability in earlier years but Lucky Cement performed better in later years. The report aims to compare the financial position of the two leading cement companies.

1. Financial Analysis of Lucky Cements & Attock Cements.
A Report By VISHAL & Group
A Report Submitted to
Sir Raghib Zafar
By:
Vishal-6774 Avinash-6356 Engineer Lal-5938

2. Financial Analysis of Lucky Cements & Attock Cements.
A Report By VISHAL & Group
Tableof contents

3. Financial Analysis of Lucky Cements & Attock Cements.
A Report By VISHAL & Group
Acknowledgement
Raghib Zafar
First of all we would like to thank Almighty GOD who enabled me to work on this
report. Then, we would like to show gratitude to my Teacher Raghib zaidi who
guided me in every phrase and help me out to prepare this report and also want to
thank all of my friends and group members who supportme to complete this report
on time.
Sir. Raghib zafar we tried our level bestto fulfill the requirement of course
Introduction to Business Finance, throughout during this report we learned how
we can find out the financial position of company & also we come to know the
standard format & steps.
We hope this report fulfill the requirements of courseINTRODUCTION TO
BUSINESS FINANCE.
Sincerely,
VISHAL-6774
Avinash-6356
Engineer Lal-5938

4. Financial Analysis of Lucky Cements & Attock Cements.
A Report By VISHAL & Group
Letter of Transmittal
May 09, 2012
Introduction to Business Finance
Raghib Zaidi
KASBIT (S.M.C.H.S campus)
Karachi
Dear sir Raghib Zafar,
Subject: Group project on financial analysis
We feel enormous pleasure in presenting to you, the project report which is a part
of our course. We found this report truly challenging in many aspects, indeed very
interesting in relation to the various interpretational and engrossing exercises.
Writing this report is absolute learning experience for us.
This report is based on financial ratios of two companies comparing with the
industry average in which we have elaborate it in three levels profitability liquidity
& long term Solvency.
We have tried our best to complete this report to fulfill the courserequirements.
Still, any explaining is needed, we would like to indebted. Kindly acceptthis

5. Financial Analysis of Lucky Cements & Attock Cements.
A Report By VISHAL & Group
manageable effort of bringing forward our final project report and Data on the
above subject.
Yours Sincerely,
VISHAL-6774 Avinash-6356 Engineer lal-5938
Introduction
Company profile:
Lucky Cement Limited has been sponsored byYunus Brothers Group (YB Group)
which is one of the largest business groups of the Country based in Karachi and
has grown up remarkably over the last 50 years. The YB Group is engaged in
diversified manufacturing activities including Textile, Spinning, Weaving,
Processing, Finishing, Stitching and Power Generation.

6. Financial Analysis of Lucky Cements & Attock Cements.
A Report By VISHAL & Group
Company profile:
Attock Cement Pakistan Limited (ACPL) is a public limited company, listed on the
Karachi StockExchange since June 2002. Main business of the company is
manufacturing and sales of cement. ACPL, is part of the Pharaon Group, which in
addition to investment in cement industry has diversified stakes in Pakistan mainly
in the oil and gas sector, power and real estate sector.
Balancesheet of attock cement ltd

7. Financial Analysis of Lucky Cements & Attock Cements.
A Report By VISHAL & Group

8. Financial Analysis of Lucky Cements & Attock Cements.
A Report By VISHAL & Group
Common sizeincomestatement of attock cement ltd
Common-size Income Statement of Attock Cement Pakistan ltd.

9. Financial Analysis of Lucky Cements & Attock Cements.
A Report By VISHAL & Group
Balancesheet of attock cement ltd

10. Financial Analysis of Lucky Cements & Attock Cements.
A Report By VISHAL & Group

11. Financial Analysis of Lucky Cements & Attock Cements.
A Report By VISHAL & Group
Common sizeincomestatement of attock cement ltd

12. Financial Analysis of Lucky Cements & Attock Cements.
A Report By VISHAL & Group
BALANCE SHEET OFLUCKY CEMENT LTD.

13. Financial Analysis of Lucky Cements & Attock Cements.
A Report By VISHAL & Group
Common sizeIncomestatement of lucky cement ltd.

14. Financial Analysis of Lucky Cements & Attock Cements.
A Report By VISHAL & Group
Balancesheet of Lucky cement Ltd.

15. Financial Analysis of Lucky Cements & Attock Cements.
A Report By VISHAL & Group
Common Sizeincomestatement of lucky cement ltd.

16. Financial Analysis of Lucky Cements & Attock Cements.
A Report By VISHAL & Group
RATIOS OFattock CEMENT LTD
LIQUIDITY:
Attock Cement Pakistan Limited
RATIOS 2008 2009 2010 2011
CurrentRatio 1.5 2.43 2.62 1.7
QuickRatio 1.09 1.89 2.278 1.31
In these the current ratio show how much company’s assets can be quickly convert
in cash to pay current liability and in Quick ratio stands that if we deductinventory
from current assets then how it can be easily can be cash to pay current liability.
LONG-TERM SOLVENCY:
Attock Cement Pakistan Limited
RATIOS 2008 2009 2010 2011
Debt-equity Ratio 66.24% 45.94% 30.83% 33.53%
Debt to Assest 39.84% 31.48% 23.53% 25.12%
Equity to Assest 60.15% 68.52% 90.47% 74.88%
Average Collection Period 3.63 1.99 2.63 2.16
Inventory Turnover 9.49 9.44 15.59 12.61
Fixed Asset Turnover 1.15 2.05 1.82 1.6
These ratios are showing how much the company is taking risk and gearing the
business, and average collection period is showing in what time company collect
its credit sale amount and inventory turnover is showing how many times company
has sold its total inventory.

17. Financial Analysis of Lucky Cements & Attock Cements.
A Report By VISHAL & Group
RATIOS OFATTOCKCEMENT LTD.
PROFITABILITY:
Attock Cement Pakistan Limited
RATIOS 2008 2009 2010 2011
Gross Profit Margin 22.28% 31.83% 25.53% 20.23%
Operating Profit Margin 16.57% 24.77% 19.12% 12.38%
Net Profit Margin 8.69% 17.54% 13.09% 8.00%
Return on Asset 7.41% 21.41% 12.96% 8.84%
Return on Equity 12.32% 31.25% 18.60% 11.80%
These ratios showing that if sales increase/decrease by certain percentage so how
much it affect on profits of company.

18. Financial Analysis of Lucky Cements & Attock Cements.
A Report By VISHAL & Group
RATIOS OFLUCKY CEMENT LTD
LIQUIDITY:
LUCKY CEMENT LIMITED
RATIOS 2008 2009 2010 2011
Current Ratio 1.09 0.86 0.71 0.88
Quick Ratio 0.99 0.73 0.65 0.77
In these the current ratio show how much company’s assets can be quickly convert
in cash to pay current liability and in Quick ratio stands that if we deductinventory
from current assets then how it can be easily can be cash to pay current liability.
LONG-TERM SOLVENCY:
LUCKY CEMENT LIMITED
RATIOS 2008 2009 2010 2011
Debt-equity Ratio 45.51% 39.43% 34.49% 32.61%
Debt to Assest 45.51% 39.44% 34.49% 32.61%
Equity to Assest 54.49% 60.56% 65.50% 67.39%
Average Collection Period 15.29 1.26 11.45 8.59
Inventory Turnover 17.76 13.8 27.15 13.86
Fixed Assest Turnover 0.86 0.65 0.78 0.82
These ratios are showing how much the company is taking risk and gearing the
business, and average collection period is showing in what time company collect

19. Financial Analysis of Lucky Cements & Attock Cements.
A Report By VISHAL & Group
its credit sale amount and inventory turnover is showing how many times company
has sold its total inventory.
RATIOS OFLUCKY CEMENT LTD.
PROFITABILITY:
LUCKY CEMENT LIMITED
RATIOS 2008 2009 2010 2011
Gross ProfitMargin 25.69% 37.26% 32.56% 33.48%
OperatingProfitMargin 18.14% 27.41% 17.31% 19.84%
NetProfitMargin 15.79% 17.45% 12.80% 15.26%
Returnon Assest 7.82% 11.97% 8.18% 9.64%
Returnon Equity 14.35% 19.77% 12.50% 14.29%
These ratios showing that if sales increase/decrease by certain percentage so how
much it affect on profits of company.

20. Financial Analysis of Lucky Cements & Attock Cements.
A Report By VISHAL & Group
Reference
www.lucky-cement.com/financialreports.htm
www.attockcement.com/accounts/AttockAnnualRep2011.pdf