Financial Analysis
APPLIED FINANCIAL ANALYSIS (ACCT 411) PACKAGES LIMITED
Group Members
Introduction Page 3
Research Methodology Page 10
Analytical Adjustments Page 10
Ratio Analysis Page 15
Horizontal Analysis Page 21
Vertical Analysis Page 25
Cash Flow Statement Analysis Page 26
Recommendations Page 27
Limitations of Analysis Page 28
Work cited Page 29
Introduction
We have chosen Packages Limited as the Company for the purposes of our analysis. We’ll be also analyzing Cherat Packaging Limited as the competitor firm, reason being that there always needs to be a benchmark according to which analysis can be done.
Packages Limited started in 1956 as a joint venture between the Ali Group of Pakistan and Akerlund & Rausing of Sweden. It provides high quality packaging materials for exceptional value to individual as well as different businesses. Packages is the only company in Pakistan that offers a complete range of packing goods which includes offset printed cartons, shipping containers and flexible packing materials to individuals and businesses worldwide. Unilever and Pakistan Tobacco Company are the two major clients of Packages, while other medium sized businesses are also on the clientele database of Packages. Over 3000 people are employed by the company and its sales revenue totaled to US $ 257 million in 2011.Packages is listed on all three stock exchanges of Pakistan. Packages have been active in research and development thus leading to the introduction of improved and newer products.
Packages have been working on the track laid down by the vision of the company that was established at the time this company was formed. The vision of the company is to “Position ourselves to be a regional player of quality packaging, paper & paperboard and consumer products. Improve on contemporary measures including cost, quality, service, speed of delivery and mobilization. Keep investing in technology, systems and human resource. To effectively
Group Members
Introduction Page 3
Research Methodology Page 10
Analytical Adjustments Page 10
Ratio Analysis Page 15
Horizontal Analysis Page 21
Vertical Analysis Page 25
Cash Flow Statement Analysis Page 26
Recommendations Page 27
Limitations of Analysis Page 28
Work cited Page 29
Introduction
We have chosen Packages Limited as the Company for the purposes of our analysis. We’ll be also analyzing Cherat Packaging Limited as the competitor firm, reason being that there always needs to be a benchmark according to which analysis can be done.
Packages Limited started in 1956 as a joint venture between the Ali Group of Pakistan and Akerlund & Rausing of Sweden. It provides high quality packaging materials for exceptional value to individual as well as different businesses. Packages is the only company in Pakistan that offers a complete range of packing goods which includes offset printed cartons, shipping containers and flexible packing materials to individuals and businesses worldwide. Unilever and Pakistan Tobacco Company are the two major clients of Packages, while other medium sized businesses are also on the clientele database of Packages. Over 3000 people are employed by the company and its sales revenue totaled to US $ 257 million in 2011.Packages is listed on all three stock exchanges of Pakistan. Packages have been active in research and development thus leading to the introduction of improved and newer products.
Packages have been working on the track laid down by the vision of the company that was established at the time this company was formed. The vision of the company is to “Position ourselves to be a regional player of quality packaging, paper & paperboard and consumer products. Improve on contemporary measures including cost, quality, service, speed of delivery and mobilization. Keep investing in technology, systems and human resource. To effectively