Millat Tractors Limited is a Pakistani company established in 1964 to market Massey Ferguson tractors. It was later nationalized but privatized again in 1992. The company assembles and manufactures tractors and agricultural equipment at its plant in Lahore. It produces various tractor models and implements and has a network of dealers, workshops, and parts dealers across Pakistan. The company saw growth in production and sales from 2008-2013. Its financial position is strong with profits, assets, and market capitalization increasing annually.

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2. 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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3. 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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4. INTRODUCTION
1. 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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5. Board of Directors
Sikandar Mustafa Khan (Chairman)
Ahsan Imran Shaikh (Chief Executive)
Sohail Bashir Rana
Mian Muhammad Saleem
Latif Khalid Hashmi
Laeeq-ud-Din Ansari
S 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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6. 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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7. PRODUCTS
Millat Tractors Limited is principally engaged in assembly and manufacture of
agriculture tractors, implements and agriculture equipment.
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8. 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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9. 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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10. 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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11. 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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12. 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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13. CONSOLIDATE BALANCE SHEETAs on 30 june 2012.
Equity and liabilities (RUPEES IN THOUSANDS)
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14. ASSETS (RUPEES IN THOUSANDS)
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15. CONSOLIDATE PROFIT AND LOSS ACCOUNT
For As on 30 june 2012.
(RUPEES IN THOUSANDS)
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16. STATEMENT OF COMPREHENSIVE INCOME STATEMENT
For As on 30 june 2012.
(RUPEES IN THOUSANDS)
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17. Marketing department has following braches.
Tractors sales
Area Development
Institutional Sales and Export
Sales support
Service Department
Distribution Department
Parts
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18. Marketing Strategy /Network
Market strategy /Network
Regional Offices 5
Sales Regions 13
Main Dealers 74
Authorized Workshops 458
Parts Dealers 45
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24. Pakistan’s Economy
The 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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25. Sale/Production Volume
Units
No of Units Produced
No. of Units Sold
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
27,260
30,677
40,140
42,011
2008 2009 2010 2011 2012 2013
32,006 32,023
Years
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26. 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 & Deposits
Equity To Advances N/A Advance Deposite Ratios N/A
Cash To Deposits Ratio N/A
Insurance
Underwriting Result To PAT N/A Investment Income To PAT N/A
Profitablility
Net 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
Liquidity
Interest 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 %

31. Thank you
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