Company Name Year X1 X2 X3 X4 X5

Ghazi Textile Mills Ltd. 2014 0.033304 0.003219 0.068929 0.036393 1.632129
2015 -0.06317 0.058229 0.008869 2.640219 1.627603
2016 -0.146911 0.095905 0.030563 2.36756 1.715771
2017 -0.142148 0.114736 0.052668 4.221983 1.461103
2018 -0.109601 0.065074 0.006807 18.77616 1.41031
Gadoon Textile Mills Ltd. 2014 -0.011968 0.036062 0.091819 729.8795 1.245921
2015 -0.108935 0.019097 0.034132 0 1.11973
2016 -0.121162 0.014183 0.018491 0 1.101623
2017 -0.074509 0.033342 0.071377 0 1.162438
2018 -0.021778 0.032444 0.088509 13.81959 1.190651
The Crescent Textile Mills Lt 2014 0.067944 0.051133 0.082522 4.829197 2.016807
2015 0.108146 0.015036 0.006552 2.255855 1.435194
2016 0.094139 0.046035 0.031137 2.268917 1.492909
2017 0.190341 0.002833 0.032444 2.796448 1.451437
2018 0.069838 0.005803 0.017624 12.15521 0.910922
Sapphire Fibres Ltd. 2014 0.11007 0.053093 0.097554 204.0754 0.741604
2015 0.030449 0.037155 0.074318 236.7487 0.620692
2016 0.03179 0.042452 0.072624 7.048639 0.470416
2017 0.088627 0.032785 0.062773 4.733786 0.469053
2018 0.042366 0.028678 0.06765 4.132461 0.545932
Nishat Mills Ltd. 2014 0.074414 0.04231 0.078161 10.66489 0.560998
2015 0.049663 0.023035 0.060656 13.64024 0.506231
2016 0.059079 0.029691 0.063521 17.74618 0.450277
2017 0.053259 0.021308 0.050501 16.92129 0.419021
2018 0.075752 0.023624 0.057925 14.58592 0.522982
Z- Score Model Status
1.92590149489923 Grey Zone
3.24671790559674 Safe Zone
3.19513945373209 Safe Zone
4.15814879918725 Safe Zone
12.6580531056884 Safe Zone
439.512753050478 Safe Zone
1.12838010310872 Danger Zone
1.03710596396626 Danger Zone
1.35525152714903 Danger Zone
9.79377615754205 Safe Zone
5.33976784274935 Safe Zone
2.96115555523117 Safe Zone
3.13442902510766 Safe Zone
3.46874478848204 Safe Zone
8.35413759058662 Safe Zone
123.715203772719 Safe Zone
143.003699672085 Safe Zone
5.0368391506083 Safe Zone
3.66872521971692 Safe Zone
3.33964054547818 Safe Zone
7.36639796982982 Safe Zone
8.98238314396671 Safe Zone
11.420065189895 Safe Zone
10.8321898199646 Safe Zone
9.58965966208423 Safe Zone
Company Name Year Current Assets Current liabilities Retained earnings
Ghazi Textile Mills Ltd. 2014 1,687,718 1,578,780 10,529
2015 1,465,250 1,663,769 182,989
2016 1,156,939 1,569,640 269,416
2017 1,341,998 1,756,028 334,188
2018 1,172,989 1,468,075 175,203
Gadoon Textile Mills Ltd. 2014 8,717,727 8,910,484 580,799
2015 10,491,393 12,729,321 392,334
2016 9,344,718 11,684,032 273,845
2017 10,028,260 11,518,430 666,838
2018 12,600,632 13,104,638 750,837
The Crescent Textile Mills Lt 2014 878,468 759,746 89,347
2015 959,473 724,852 32,621
2016 1,079,632 858,820 107,980
2017 1,423,214 913,417 7,587
2018 1,712,462 1,372,117 28,280
Sapphire Fibres Ltd. 2014 7,179,686 4,967,379 1,067,125
2015 6,765,979 6,111,209 798,978
2016 9,426,865 8,583,593 1,126,105
2017 12,293,888 9,560,605 1,011,105
2018 13,401,705 12,018,207 936,505
Nishat Mills Ltd. 2014 28,774,992 21,553,219 4,106,152
2015 24,190,444 19,167,495 2,329,725
2016 25,850,830 19,553,041 3,165,039
2017 28,998,147 22,738,558 2,504,343
2018 29,042,685 21,260,216 2,427,027
EBIT TOTAL ASSETS MPE Longterm debt local sale export sale Sale
225,469 3,271,042 19,240 528,666 1,435,100 3,903,664 5,338,764
27,872 3,142,599 1,022,578 387,308 1,179,830 3,935,073 5,114,903
85,858 2,809,193 828,646 350,000 1,664,189 3,155,742 4,819,931
153,404 2,912,675 870,784 206,250 2,071,716 2,184,001 4,255,717
18,328 2,692,357 1,056,159 56,250 2,249,628 1,547,431 3,797,059
1,478,787 16,105,422 6,499,577 8,905 11,047,830 9,018,254 20,066,084
701,200 20,543,752 6,817,519 0 12,778,932 10,224,515 23,003,447
357,012 19,307,403 6,533,605 0 13,666,007 7,603,470 21,269,477
1,427,539 19,999,849 7,366,723 0 15,665,623 7,582,955 23,248,578
2,048,328 23,142,530 8,213,510 594,338 17,225,136 10,329,551 27,554,687
144,195 1,747,347 897,400 185,828 3,502,467 21,595 3,524,062
14,215 2,169,490 924,454 409,802 3,106,901 6,739 3,113,640
73,036 2,345,598 935,209 412,183 3,501,765 0 3,501,765
86,895 2,678,337 1,055,100 377,300 3,887,437 0 3,887,437
85,889 4,873,347 3,068,060 252,407 4,439,239 0 4,439,239
1,960,747 20,099,150 13,340,615 65,371 2,448,593 12,457,017 14,905,610
1,598,116 21,503,877 14,370,171 60,698 2,367,572 10,979,704 13,347,276
1,926,437 26,526,287 14,903,981 2,114,448 2,440,357 10,038,033 12,478,390
1,935,934 30,840,380 16,994,755 3,590,098 3,052,783 11,412,976 14,465,759
2,209,175 32,656,141 16,022,255 3,877,170 3,527,612 14,300,435 17,828,047
7,585,434 97,048,577 68,589,176 6,431,304 11,540,750 42,903,341 54,444,091
6,134,698 101,140,000 76,142,823 5,582,220 11,158,033 40,042,190 51,200,223
6,771,259 106,599,219 82,155,155 4,629,456 11,909,384 36,089,795 47,999,179
5,935,414 117,530,275 88,762,796 5,245,629 11,520,714 37,726,943 49,247,657
5,950,951 102,736,033 75,713,145 5,190,839 13,408,239 40,320,885 53,729,124
Working capitaX1 X2 X3 X4 X5
108,938 0.033304 0.003219 0.068929 0.036393 1.632129
-198,519 -0.06317 0.058229 0.008869 2.640219 1.627603
-412,701 -0.14691 0.095905 0.030563 2.36756 1.715771
-414,030 -0.14215 0.114736 0.052668 4.221983 1.461103
-295,086 -0.1096 0.065074 0.006807 18.77616 1.41031
-192,757 -0.01197 0.036062 0.091819 729.8795 1.245921
-2,237,928 -0.10893 0.019097 0.034132 #DIV/0! 1.11973
-2,339,314 -0.12116 0.014183 0.018491 #DIV/0! 1.101623
-1,490,170 -0.07451 0.033342 0.071377 #DIV/0! 1.162438
-504,006 -0.02178 0.032444 0.088509 13.81959 1.190651
118,722 0.067944 0.051133 0.082522 4.829197 2.016807
234,621 0.108146 0.015036 0.006552 2.255855 1.435194
220,812 0.094139 0.046035 0.031137 2.268917 1.492909
509,797 0.190341 0.002833 0.032444 2.796448 1.451437
340,345 0.069838 0.005803 0.017624 12.15521 0.910922
2,212,307 0.11007 0.053093 0.097554 204.0754 0.741604
654,770 0.030449 0.037155 0.074318 236.7487 0.620692
843,272 0.03179 0.042452 0.072624 7.048639 0.470416
2,733,283 0.088627 0.032785 0.062773 4.733786 0.469053
1,383,498 0.042366 0.028678 0.06765 4.132461 0.545932
7,221,773 0.074414 0.04231 0.078161 10.66489 0.560998
5,022,949 0.049663 0.023035 0.060656 13.64024 0.506231
6,297,789 0.059079 0.029691 0.063521 17.74618 0.450277
6,259,589 0.053259 0.021308 0.050501 16.92129 0.419021
7,782,469 0.075752 0.023624 0.057925 14.58592 0.522982