Atlas Battery

ATLAS BATTERY LIMTED

Financial Statement Analysis

“2005-2009”

Atlas Battery

Group Members

Qaiser Abbas MI-01083-011

Sara Latif Khan MI-01083-039

Ammara Latif Khan MI-01083-040

Waqas Rehman MI-01083-164

Sajid Iqbal MI-01083-166 Atlas

Battery

Atlas Battery

 Vision Statement A manufacturer and supplier of high quality lead acid automotive and motorcycle batteries

in domestic and international market.

Mission Statement To achieve market leadership through

technological edge, distinguished by quality service and customers’ satisfaction, emphasis on employees’ long term welfare and ensure adequate return to shareholders. Be a good corporate citizen of the society and country through harmonized endeavor.

Atlas Battery

Company Profile Atlas Battery Limited engages in the

manufacture and sale of polypropylene and hard rubber batteries in Pakistan.

The company offers light, medium, heavy, and UPS batteries under AGS brand name. Its products are used for passenger cars, trucks, tractors, heavy vehicles, motorcycles, and construction and road building equipment, as well as for various stationary and industrial applications.

Atlas Battery Limited offers its products through the network of dealers and retail outlets. The company was founded in 1966 and is headquartered in Karachi, Pakistan.

Atlas Battery

Sector Overview

The initial focus of auto parts manufacturing units established in 1950s, 1960s and 1970s was limited to tractors, buses & truck parts as well as to cater the need of after sales market of different automobiles.

The establishment of assembling plants gives the encouragement to local industry to enter in auto parts manufacturing.

Atlas Battery

Being an ancillary business to the automotive industry, the battery sector depends on the growth of automotive industry.

Presently, the automotive market is in recession the world over. The market in Pakistan is also presenting challenges for automaker. However, conditions are expected to improve in the near future.