8/19/2019 Berger Quantitative

1/4

Quantitative:

1. Pakistani investors acquired 49.3% shares, while 50.62% was acquired b !enson "icholson, #$ based ir&, which was acquired b 'lotra(id, havin) a 50.62%

stake.

2. *t acquired 20% shareholdin) o +ul Paints -i&ited, to ste( in line with **.3. *n 2009, it recovered losses onl due to the insurance clai& o /s. billion, but in

other ears, startin) since 200, it suered constant losses. o&(ans sales could

rise, but due to hi)h costs as (ointed out, es(eciall o ad&inistration costs andhi)h costs o shitin) to -ahore, entailed hi)her costs.

4. P' has been ne)ative in ears, 2012, 2011, 2010 and 200, &ainl attributable to

the inancial loss in 200 ire incident, due to which the had to shit theiro(erations in -ahore ro& $arachi, leadin) to hi)h costs, (lus hi)h ad&inistration

costs as well. lso, as &entioned the were unable to air their advertise&ent dueto inancial constraints.

5. e calculated the net (roit ratio ater ta (roit or loss"et 'ales, and 2011,

2010 and 200 had a ne)ative result while 2012 had breakeven, &ovin) towards

recover. "et 'ales have risen while P' and (roit ater ta are still ne)ative, 7as seen in

values bein) bold8.

Annual report:

-ine *te& 2013 2012   2011 2010 2009 200

 "et 'ales 4,16,303 4,052,009   3,571,510 3,359,276 3,50,302 3,123,311

:P &ar)in% 23 19   20 23 23 19

Proitlossater ta

41,350 3,359   (191) (12,078) 20,160 7122,9008

P' 3.3 70.58   (3.81) (8.91) 2.2 743.628

 "et (roit

ratio

0.992 0.03   -0.005 -0.360 0.563 ;3.935

Proitloss

ater ta

2011 2010 200

7/s. in 000s8 71918 712,08 7122,9008

8/19/2019 Berger Quantitative

2/4

Graph:

0

1000000

2000000

3000000

40000005000000

Net Sales

Net Sales

Line Item 2008 2009 2010 2011 2012 2013

-140000

-120000

-100000

-80000

-60000

-40000

-20000

0

20000

40000

60000

"Prof/Loss Ater Tax

"

-50

-40

-30-20

-10

0

10

20

30

Berger's Proftability

EPS

Net Proft Ratio

GP ar!in

6. :P &ar)in is relativel consistent ro& 19;21%, which &eans the overhead costs

would be relativel consistent, with luctuations in net sales.

8/19/2019 Berger Quantitative

3/4

. hibit 3 sows the relative &arket share, accountin) to 20% or +er)er, with **

 bein) the &arket leader with 30% share.

. /eturn on assets, return on equit and Proit

8/19/2019 Berger Quantitative

4/4

20110 20120 20130

-20

-10

0

10

20

30

40

Sales Change Over Years

#e$orati%e

In&'strial (

)'tomoti%e

)llie&

12.