Comprehensive&conclusive analysis report:

Financial statements:

It is also referred to as statement of financial position or condition, reports on a Company

Balance sheet, profit&loss and cash flow as of a given point in time. So we have 5 year financial
statements of a particular company for the financial analysis.

Balance sheet:

A balance sheet shows how a company stands at a given moment’s. There is no such thing as
balance sheet covering the year; it can be for a single date, For example; June 30, 2020.A single
balance sheet show the portion of Assets liabilities &owner equity Balance sheet information
allows you to calculate several financial ratios that measure company performance. Additionally,
current balance sheets often present data from at least one previous period, so we can compare
how financial performance has changed. .So we have 5 year balance sheet for the further
financial analysis. This analysis based on the following balance sheet data.

The function of the balance sheet is to show what the company “owns “and what it “owes”. In
the form of balance sheet now in the general use the owned items in a left column known as
assets and the company owes are listed in right coulmn.The company owes include liabilities
&owner equity.

Profit&loss:

Each time your accounting team delivers you a profit and loss statement (P&L statement),
they’re handing you key insights about your business’ profitability. A P&L statement, also
known as an income statement, measures your business’ financial performance over a specified
booking period — generally one month, one quarter, or one year. It is also referred to as Profit
and Loss statement (or "P&L"), reports on a company's income, expenses, and profits over a
period of time. Profit & Loss account provide information on the operation of the enterprise.
These include sale and the various expenses incurred during the processing state.

Additionally, current profit&loss often present data from at least one previous period, so we can
compare how financial performance has changed. .So we have 5 year profit&loss for the further
financial analysis. This analysis based on the following profit&loss data.

Cash flow:

A cash flow statement tells you how much cash is entering and leaving your business. Along
with balance sheets and income statements, it’s one of the three most important financial
statements for managing your small business accounting and making sure you have enough cash
to keep operating. It reports on a company's cash flow activities; particularly its operating,
investing and financing activities.
It is also an analytical tool, measuring an enterprise’s ability to cover its expenses in the near
term. Generally speaking, if a company is consistently bringing in more cash than it spends, that
company is considered to be of good value.

Additionally, current cash flow often presents data from at least one previous period, so we can
compare how financial performance has changed. .So we have 5 year cash flow for the further
financial analysis. This analysis based on the following Cash flow data.

Report on financial analysis:

Horizontal analysis:
Balance Sheet:
Assets:
Total assets of the Company have decreased from Rs.191.84thousand in financial year 2020 to
Rs.100.00thousands in financial year 2016 which is are marketable decrease of 9%.

Non-Current Assets:
. The total assets ,non-current assets decreases by from 2020 Rs.187.98 thousand’s infinancial
year 2016 to Rs. 100.00 thousand in financial year 2016 mainly on account to decreases in long term
investments by 11%, decrease in investment properties by and increase in property ,plant and
equipment’s by 27% .The Company maintains a healthy portfolio of long term investments which
significantly contributes towards its profitability each year

Current Assets:
. Current assets of the Company have increased by 4%infinancialyear2020toRs.196.76thousand
as compared to Rs. 100.00 thousand’s in financial year 2016. However, other current assets such
as stocks and accounts receivables of the Company increased due to increased focus of the
Company to improve working capital management

Equity& liabilities:
Equity:
. The increase in to talassets is supported by 13% decrese equity in financial year 2016 as
compared to financial year 2020 .The main reason for this decrees is decrees in fair value reserves in
equity investments by 14% from Rs 100.00 thousand in financial year 2016 to Rs.138.72thousand in
financial year 2020

Non-Current Liabilities:
Non-current liabilities of the Company amount tom Rs .229.83 thousand in financial year 2020
which have been increased by 95% over the non-current liabilities of Rs 100.00 thousand in financial
year 2016.

Current Liabilities:
Current liabilities also increased by 164%fromRs.264.61 thousand in financial year 2020 to Rs.
100,00 in the current financial year 2016 mainly on account of increase in trade and other payables.

Profit and Loss:

Sales:
. Sales have increased by 37% from Rs. Rs. 137.86 thousands financialyear2020toRs.100.00in the
current financial year .The increase is mainly attributable to severe Competitions are suit of decline in
global demand of textile products

Cost of Sales:
. Cost of sales increased by 50% from Rs.100.00 thousands in financial year2016toRs.-150.56in th
e financial year 2020 .A horizontal review of cost of sales fort hela five years reveal that increase in
cost of sales was a way higher than increase in sales

Distri bution Cost:

Distribution cost normally moves up and down in harmony with sales volume .Distri
bution cost has increases by 38%ascomparedtothatoffinancialyear2016.Thisincrease
is more than reduction in sales as a result of austerity measures introduced by the man
agemen to the Company.
Other Income:
Other income decreased by 26% from Rs. 4,079,054 thousand financial years 2016toRs.3,032,390
thousand in financial year 2020.This massive decreased in other income is due to decrease in
dividend income over the years because of the investment by the Company in well diversified and
perfect portfolio.

Finance Cost:
Finance cost of the Company recorded an increase of 44% in the current year as
compared to financial year 2016 due to availability of loans at subside is ideates and
stringent financial management policies of the Company.
Profit after Tax:
Profit after tax increased from Rs. 100.00 thousand in financialyear2016 to Rs.4,9.08 thousand in
financial year2020.

Cash Flow:
Cash Flows From Operating Activities
The net cash generated from operating activities stood at Rs.1,00 thousand in financial year
2020 from Rs.49 in 2016, 51% decreases in current year as compared of the year 2016

Cash Flows from Investing Activities

. The cash flows used in investing activities were Rs.477 thousandin financial year 2020
compared to Rs.100 in 2016. Investment in capital expenditure, on account of continuous
expansion of production facilities and balancing, modernizing and replacement of existing
manufacturing facilities, were main constituents of cash outflow from investing activities

Cash Flows from Financing Activities

. Cash flows from financing activities show a mix trend over the period; it becomes positive
when equity is injected or debt is obtained and becomes negative when debt is repaid

Vertical Analysis:
Balance Sheet
Assets:
Non-CurrentAssets:
An vertical review of the non-current resources throughout the previous five years shows that
portion of non-current resources has expanded from 2% in monetary year2016 tprincipally on
record to fregular long haul speculations and persistent increments in property plant and gear
.The segment of long haul ventures to add up to resources has increased from 2% to during the
same period
Current Assets
The ratio of current assets to total assets has also increased gradually from 3%toverthelast five
years as a result of efficient financial management of the company whose focus is to reduce stocks
level and decrease accounts receivables.

Equity& Liabilities
Equity

During the last five years ,share of equity has increased from 14% in the financial year 2016 to in the
financial year 2020 due to increase in profitability and fair value reserves on investments.

Liabilities
Non-current liabilities:

During the most recent five years, Non-current obligation has expanded from 5% in the
monetary year 2020 to in the monetary year 2016

Current liabilities:
During the last five years, Current liability has increased from 10% in the financial year 2020to
71% in the financial year 2016.

Profit and Loss

Cost of Sales
Cost of sales as a percentage of sales has increased by 7% as compared to
financial year 2020. Reason for increase in this percentage is attributable to the
use of optimal fuel and power mix and better cost control.

Distribution Expenses
Distribution expenses as a percentage of sales has been at a lowest level in
current financial years compared to preceding five financial years .Distribution
expenses of the company have remained consist and during the last five financial
years i.e.between5%to4%.

Administrative expenses:
Increase in administrative expenses is consistent during the last five year s .The
constant is due to the inflation impact and expansion in operations of the company
during last five financial years.
Other Income
Other income as a percentage of sales has decrease consider ably during the last
five financial years .This is due to optimum utilization of surplus funds of the
Company by investing in lucrative and diversified investment portfolio hi his the
source of regular dividend income and capital gain.
Profit after Tax
Profit after tax as a percentage of sales for the current financial year 7% was at
lowest level as compared to last five years .The highest profit percentage of
10%was achieved in financial year 2016 .Decrease in profit after taxis mainly duet
other increase in fuel and power expenses and financial cost along with decrease in
 other income.

Cash Flow:
Operating Activities
Net cash generated from operating activities remained positive through out the last Five years which
is ann indication of operational efficiency and vibrant working capital policy of the Company .Cash
flows from operating activities were Rs.-118thousand during the current year as compared to Rs.
60944thousand duringthefinancialyear2016.

Investing Activities
Cash flows from investing activities amounting to Rs. -17515 thousand were negative during the
current year which is the only year among the last five year shone ignificantcas him flows from
investing activities were recorded. The main reasons were decreased cash flows from dividend
income, closely matched disbursements and repayments of loans and advances to/from
subsidiary companies and reduction in fixed capital expenditures.

Financing Activities
. Negative cash flows in respect off in an cingactivitiesamountingtoRs.-112 thousand wearer
corded in the current years compared to positive cashflowsofRs.-43329 thousand in financial year
2016

Profitability analysis:
Gross profit margin:
In 2016 the gross profit margin margin was28.272.with reference to 2106 gross profit
margin Ratio reduced by 26.4845 in 2017.And with reference to 2017 gross profit
margin Ratio got incress by 29.36695 in 2018.Again in 2019 it had increased by 31.8976
with reference to 2018.With reference to 2019 gross profit margin Ratio got reduced by
21.6614 within the current fiscal year 2020.

Net profit margin:

.In 2016 internet margin of profit was13.900.with reference to 2016 net income Ratio
reduced by 11.3498 in 2017.And with reference to 2017 net income Ratio again got
decreased by 12.470 in 2018.Again in 2019 it had increased by 13.860 with reference
to 2018.With reference to 2019 net income Ratio got reduced by 4.9483 within
the current fiscal year 2020.

EBITDA margin:
In 2016 internet EBITDA margin was3.97022with reference to 2016 EBITDA Profit Ratio
reduced by 3.43088 in 2017.And with reference to 2017 EBITDA Profit Ratio again got
decreased by 1.89599 in 2018.Again in 2019 it had increased by 2.1241 with  reference
to 2018.With reference to 2019 EBITDA Profit Ratio got reduced by 1.4108 within
the current fiscal year 2020.

EBIT margin:
In 2016 the net EBIT margin was16.509.with respect to 2016 EBIT Profit Ratio reduced by
13.21613 in 2017.And with respect to 2017 EBIT Profit Ratio again got decreased by 14.417 in
2018.Again in 2019 it had increased by 17.1210 with respect to 2018.With respect to 2019 EBIT
Profit Ratio got reduced by 4.9483 in the current financial year 2020.

Liquidity analysis:
Current Ratio:
.Current ratios decrease at fiscal year 2020“1.136 with reference to year 2106 “1.5289
respectively which is that the evidence of Company’s strength to pay its short-term
liabilities .The improvement in capital management was achieved despite
increased capital requirements  before corona virus outbreak.

Acid-test Ratio:
Current ratios increased at financial year 2020 “0.81” with respect to year 2106 “1.01” respectively
which is the evidence of Company’s strength opacity short-term liabilities .The improvement in
working capital management was achieved despite increased working capital requirements due
to lockdown after corona virus outbreak.

Cash Ratio:
Cash ratio is0.10 at the financial year 2016. This means that company only has enough cash and
equivalents to pay off 10 percent of her current liabilities. Cash ratio is 0.006 at the financial year
2020. This means that company only has enough cash and equivalents to pay off 6 percent of her
current liabilities. This is a fairly low ratio which means company has not enough cash to pay her
current liabilities at the current period.

Working capital:

The improvement in working capital management was achieved despite increased working
capital requirements due to lockdown after corona virus outbreak. The working capital has gain at
the current period with respect to the working capital of 2016.
Growth analysis:
Revenue:
. Revenue During the fiscal year 2016-20 under review, your Company’s overall sales
revenue declined by 0.005 as compared to an equivalent period last five year. the
corporate sale revenue has higher rate of growth at the previous fiscal
year with reference to the present fiscal year 2020

Gross profit:
In view of the lower pricing and higher input costs, as mentioned above, Gross profit growth rate
of the company for the financial year under review were- 0.0350 at financial year 2016 as
compared to -0.3422at financial year 2020. The company reported during the same period of last
five year 2016-2020.

Net profit:

Similarly, your Company achieved a profit after tax of Rs. 4,923,038 thousands during the
financial year 2016 under review as compared to Rs. 4,381,984 thousands reported during the
financial year 2020. Accordingly, after tax profit growth rate -13.42% was achieved during the
financial year 2016 under review as compared to -25.20 reported during the financial year 2020.
The growth rate of net profit financial year 2020 declined under review as compared to previous
financial year 2016-2019.

Earnings per share:

The earnings per share of your Company for the financial year 2020 were Rs.9.97 in comparison
to Rs.14.00 reported financial year 2016. So the growth rate or earning per share declined for the
financial year 2016-13.42% as compared to the -40.15% during financial year 2020.

The drop in Company’s profitability for last three years is mainly due to increased capacities
coming online locally which have put a downward pressure on margins; whereas the costs have
continued to increase. As the local, demand supply balance improves and exports gain further
momentum, margins are expected to improve.

Cash flow analysis:

Operating Activities
Net cash generated from operating activities remained positive through how the last Five years
which is a nin dicationof operational efficiency and vibrant working capital policy of the
Company .Cash flows from operating activities were Rs.2602454 thousand during the current year
as compared to Rs. 5310648 thousand duringthefinancialyear2016.

FREE cash flow:

Free cash flow generated from activates positive in financial year 2016.Free cash generated
from activities remained negative through out the last four years 2017-2020 which is an in dication
of operational efficiency and vibrant working capital expenditures of the Company. Free Cash flows
from activities were Rs.7217 thousand during the current year as compared to Rs. 178643
thousand duringthefinancialyear2016.

Free cash flow to equity:

Free cash flow to equity generated from activities remained negtive in financial year 2016-
2018.Free cash to equity generated from activities remained negative through out the last two
years 2019-2020 which is an indication of operational efficiency and vibrant working capital
expenditures ,issuance of debts of the Company. Free Cash flows to equity from activities were
Rs.-1957thousand during the current year as compared to Rs.-11850 thousand
duringthefinancialyear2016.

Unlevered free cash flow:

Unlevered free cash flow generated from activities remained change through out the last five
years 2016-2020 which is an indication of operational efficiency and vibrant working capital
expenditures, deprecation of the Company. Unlevered Free Cash flows from activities were Rs.-
936519thousand during the current year as compared to Rs.-1077610 thousand
duringthefinancialyear2016.

Leverage analysis:
Debt to equity:
. In the year 2016 the entire debt to equity ratio is 61.66 . within the year 2017 the entire debt to equity
increases as compared to last year and it becomes 73.14 so there's increase in total debt to equity which
suggests that company has increased its portion of total debt it gives signal  within the market that
company isn't going for expansion which is not good for the corporate as investors expect future
growth of the corporate but it also can be dangerous for the corporate because it is more risky for the
corporate to use huge amount of future loans with reference to total equity. within the year 2020 the
entire debt to equity is 125.114 which is extremely high as compared to last year four and it shows that
company is now getting very high future loans as of last year

Debt to EBITDA:
In the year 2016 the total debt to EBITDA ratio is 7.3470 . In the year 2017 the total debt to
EBITDA increases as compared to last year and it becomes 11.606 so there is increase in total
debt to EBITDA which means that company has increased its portion of total debt it gives signal
in the market that company is not going for expansion which is not good for the company as
investors expect future growth of the company but it can also be dangerous for the company as it
is more risky for the company to use huge amount of long term loans with respect to total
EBITDA. In the year 2020 the total debt to EBITDA is 42.21 which are very high as compared
to last year four and it shows that company is now getting very high long term loans as of last
year.

EBIT to interest:
In the year 2016 the EBIT to interest ratio is 9.1918 which shows that  the corporate has increase his
EBIT to interest. within the year 2017 the EBIT to interest decrease as compared to last year and it
becomes 8.945 within the year 2020 the EBIT to interest is 2.8606 were decreased which are very low
as compared to last year four and it shows that company is now getting very low interest of EBIT to
interest.

DuPont analysis:
 The profit margins of the company declined during current year due to lower selling
prices relative to higher input costs.
 The Asset base of the company has improved during the current year mainly due to
investment in subsidiary companies and fixed assets (new production line).
 The Financial Leverage ratio for the Company has improved due to incremental Assets
base and Equity strength of the balance sheet. The Equity has further strengthened due to
additional profitability, which has in turn strengthened the retained earnings account.

Overall, the operational & assets efficiency and Equity Multiplier are monitored on a
regular basis to remain aware of the financial health of the Company. The DuPont analysis
for the last 5 years depicts a positive trend in Return on Equity (ROE) of the Company.

Sensitivity & scenario analysis:

Selling price:
The asking price of the corporate within the fiscal year 2016 at the sensitivity level is 0.3900
that’s mean the corporate sensitivity change is 39% within the asking price at an
equivalent period. As compare to the asking price of the last four year with the present year 2020
that the sensitivity level of asking price was decreased at 0,04 that mean the sensitivity is merely
4%within the current fiscal year 2020.

Variable cost:
The variable cost of the company in the financial year 2016 at the sensitivity level is -0.193
that’s mean the company sensitivity change is 19 % in the variable cost at the same period.
As compare to the variable cost of the last four year with the current year 2020 that the
sensitivity level of variable cost was decreased at 0.063 that mean the sensitivity is only6 %
in the current financial year 2020.

Fixed cost:
The fixed cost of the company in the financial year 2016 at the sensitivity level is 2.475
that’s mean the company sensitivity change is 24 % in the fixed cost at the same period. As
compare to the fixed cost of the last four year with the current year 2020 that the sensitivity
level of fixed cost was decreased at 0.894 that mean the sensitivity is only 8% in the current
financial year 2020.

Sale volume:
The volume of sale at the financial year 2016 is 0.49 then the sensitivity level of the volume
is 49% at the same period. Then as compared to the financial year 2016 with the financial
year 2020 the sensitivity level of the company sale volume is 0.22 mean that 22%. The result
of the comparison shows that the sale volume sensitivity decrease sat the current financial
year 2020 with respect to the previous financial year 2016-2017.

Efficiency analysis:
Total Asset turnover:
Complete Assets turnover proportion is likewise influenced by comparable variables as the
factor of the fixed resource turnover. All else equivalent, a higher resource turnover is better
as it shows how successfully whole assets (Assets=Capital + Liabilities) of an organization is
utilized. It's anything but an all encompassing proportion of an organization's equity.so the
Total resource turnover 1.1135 at the monetary year 2016 then as thought about the current
monetary year 2020 the absolute resource turnover were 0.8001 so the resource turnover is
higher the current year 2020 concerning the four earlier year 2016-2019.

Fixed asset turnover:

Deciphering fixed assets turnover proportion is precarious. This is on the grounds that this
proportion is influenced by numerous conditions, for example, life pattern of an organization,
life pattern of an item, introductory plant limit and relative deals. Additionally, there are
factors like resource valuation (bookkeeping of devaluation), the circumstance of firms
resource buy, and so on that influences this proportion. Hence all else equivalent, the higher
 the absolute resource turnover, the better. So the fixed resource turnover 2.241 at the
monetary year 2016 then as analyzed the current monetary year 2020 the fixed resource
turnover were 1.584 so the fixed resource turnover is higher the current year 2020 as for the
four earlier years 2016-2019.

Inventory turnover:
A lower inventory turnover ratio indicates that a company is not managing its inventory well.
It may be overstocking or it might have an issue with sales. A higher inventory turnover ratio
is always better because it indicates that inventory does not remain on shelves but rather
turns over rapidly. So the inventory turnover -5.94 at the financial year 2016 then as
compared the current financial year 2020 the inventory turnover were 3.22 so the inventory
turnover is higher the current year 2020 with respect to the four previous years 2016-2019.

Inventory turnover in day:

The result will indicate on the average in what percentage days a company’s inventory
is held until it's sold. the typical inventory turnover day within the fiscal year 2016 “-
61.38 days as compared with the present year “113.07”days. Then the company’s
inventory turnover increass in days during the present fiscal year 2020.

Receivable turnover:
Higher accounts receivable turnover is better for any company. If for any company the
accounts receivable turnover is too low, it indicates that a company is having difficulty in
collecting from its customers or it is being too generous with granting credit. So the
receivable turnover 2278 at the financial year 2016 then as compared the current financial
year 2020 the receivables turnover were 1931. So the receivable turnover is lower the current
year 2020 with respect to the four previous years 2016-2019.

Receivable turnover in day:

. The result will indicate on the average in what percentage days a corporation is
collecting its bills. the typical receivables turnover day within the fiscal year 2016
“44.03 days as compared with the present year “88.58”days. Then the company’s
receivable’s turnover increase in days during the present fiscal year 2020

Payable turnover:
A high records payable turnover proportion demonstrates that firm isn't dealing with its bills
quite well; perhaps it's anything but getting good credit terms from its providers. A low records
payable turnover is better. So the payable turnover 2159 at the monetary year 2016 then as
looked at the current monetary year 2020 the payable turnover were 3031 So the payable
turnover is higher the current year 2020 as for the four earlier years 2016-201

Payable turnover in day:

The result will indicate the average number of days in which a company pays its suppliers.
The Average payable turnover day in the financial year 2016 “87.20” days as compared with
the current year “63.33”days. Then the company’s payable turnover decreased in days during
the current financial year 2020.

Operating cycle:
The OC offers an insight into a company’s operating efficiency. A shorter cycle is
preferred and indicates a more efficient and successful business. A shorter cycle
indicates that a corporation is in a position to recover its inventory investment quickly
and possesses enough cash to satisfy obligations. The operating cycle of the fiscal
year 2016 is -17.355 as compared to the present year 201.66. Then company’s
operating cycle is increas during the present period as compared to the previous period .

Rate of return analysis:

Return on equity:
In the year 2016, the profit from value is 0.293 this imply that the 2%of complete investors'
value from its net benefit of the organization. Then, at that point the organization return on value
at monetary year 2018 is 0.42 which imply that the 4% of complete investors' value from the net
benefit. Return on value is higher than last four year's worth and it is acceptable sign for the
organization as financial backer's will go towards some other organization and portions of this
organization. In year 2020, the profit from value again reduction and its qualities becomes 0.01
its mean 1% of the complete investors' value from net benefit. However, in examination between
years the worth of return on value again abatement and afterward increment which shows
confounding conduct of the organization and friends ought to accomplish economical approach
with the goal that it could draw in more financial backers towards it.

Return on assets:
In year 2016 the return on assets of the company is 0.15 which means that company is earning 5
percent on its total assets and it looks good. If we move on to next year we see that return on
asset decreases from year 2017 to year 2018 and after it there is decline in its values. These
changes can be due to net profit of the company, interest expenses on loans, shareholders equity
and due to short & long term loan. Increase in last year’s. . Then the next year companies
decrease the 0.03 which mean earnings were 3% on its total asset at financials year 2020.
Return on invested capital:
In year 2016 the return on invested capital of the company is 0.234 which means that company is
earning 2% percent on its invested capital and it looks good. If we move on to next year we see
that return on asset decreases from year 2017 to year and after it there is decline in its values.
These changes can be due to net profit of the company, interest expenses on loans, shareholders
equity and due to short & long term loan. Decrease in last years could be due to high loans, or
less net profit of the company. The next year the company return on invested capital increase by
0.342 its mean company earning on asset 3% percent at the year2018then the next year company
decrease the 0.07 which mean earnings were 7% on its invested capital at financials year 2020.

Dividend yield:
The dividend yield ratio was 0.02 at the financial year 2016. It means an investor not earn 2% on
his investment in the form of dividends if he buys the company’s common stock at current
market price.so company increase value at next two year 2017-2018.Then the company increase
his dividend yield ratio next two year the dividend ratio value at financial year 2020 is 0.04
which mean an investor would earn 4% on his investment in the form of dividend.

Valuation analysis:
Price earning ratio:
. In year 2016 the organization's value income proportion is 13.42 which imply that organization
has market cost of the portion of 13% of profit per divide between the investors and it looks great
yet we need to contrast it and the business normal. In year 2020 organization's value income
proportion is 21.32 which show that organization disseminated 21% of the income per divide
between the investors and held the leftover measure of its net benefit. Then, at that point the cost
profit proportion expansion in the current monetary year 2020 regarding the monetary year 2016

Price to book value:

In year 2016 the organization's cost to book proportion is 1.59 which imply that organization has
book worth of the portion of income per divide between the investors and it looks great however
we need to contrast it and the business normal. In year 2020 organization's cost to book
proportion is which show2.217 that organization dispersed of the income per divide between the
investors and held the excess measure of its net benefit. Then, at that point the cost to book
proportion expansion in the current monetary year 2020 regarding the monetary year 2016.

Price to sale:
In year 2016 the company’s price to sale ratio is 34.68 which mean that company has sale price
of the share of 34% of earnings per share among the shareholders and it looks good but we have
to compare it with the industry average. In year 2020 company’s price to sale ratio is 10.55
which show that company distributed 10% of the earnings per share among the shareholders and
retained the remaining amount of its net profit. Then the price to sale ratio increase in the
previous financial year 2016 .

Enterprise value to sale:

. Undertaking worth to deal proportion low proportion is best since it's anything but an
organization has high deals comparative with its worth. In any case, a high proportion can show
that financial backers accept deals will before long ascent. The monetary year 2016 the
proportion was 0.09 then the current year 2020 the is 0.28 which mean the proportion of current
year 2020 is higher than the earlier years.

Enterprise multiplies:
. Enterprise multiplies proportion low proportion is best since it's anything but an organization
has high deals comparative with its worth. Notwithstanding, a high proportion can show that
financial backers accept deals will before long ascent. The monetary year 2016 the proportion
was 2.37 then the current year 2020 the is 20.25 which mean the proportion of current year 2020
is higher than the earlier years

Variance analysis:
Balance sheet:
In the variance analysis the balance sheet show that the changing in assets, liabilities and owner
equity of the five financial year 2017-2020.

 Assets of the company include current & non-current asset. Then the variance shows the
changing in these assets. The current asset variance of the financial year 2017 was 20.42
of the total asset.so the next two year the variance of the current asset increase and
decrease this is the unconditional situation. Then the current asset various of current
financial year2020 as compared to previous year decrease the variance is 11.24 of the
total asset.
 Non-current asset variance of the financial year 2017 was 14.40 of the total asset. .so the
next two year the variance of the non-current asset increases and decrease this is the
unconditional situation. Then the non- current variance of current financial year as
compared to previous year increasee the variance is 28.29of the total asset.
 Equity variance of the financial year 2017 was 15.95of the total asset. .so the next two
year the variance of the equity increases and decreases this is the unconditional situation.
Then the equity various of current financial year2020 as compared to previous year
decrease the variance is -3.35of the total equity.
 Liabilities include current &non-current liabilities. Then variance show that the current
and non-current liabilities compared the current year with respect to the previous year.
The non-current liabilities of the current financial year 2020 are d increase with respect to
previous year.
 The variance show that the current liabilities compared the current year with respect to
the previous year. The current liabilities of the current financial year 2020 are decrease
with respect to previous year.
Profit &loss:
The fluctuation of the profit and loss incorporate the gross profit, benefit before tax
collection and the net benefit. This examination show that the changing in postulations
component of the current monetary year 2020 concerning the past monetary year.so the
positive fluctuation show the dependability of the organization and the negative
difference show about the unrestricted conduct of the organization.
Cash flow:
The variance of the income includes the cash from operation, cash from investment
and cash from the financing. This analysis show that the changing in theses element
of the present fiscal year 2020 with reference to the previous fiscal year .so the
positive variance show the steadiness of the corporate and therefore the negative
variance show about the unconditional behavior of the corporate .