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December 2011 2Nd Quarter
growth through energy THE HUB POWER COMPANY LIMITED UNAUDITED QUARTERLY FINANCIAL STATEMENTS FOR THE SECOND QUARTER / HALF YEAR ENDED DECEMBER 31, 2011 Vision To be an energy leader – committed to deliver growth through energy. Mission To be a dynamic and growth – oriented energy company that achieves the highest international standards in its operations and delivers a fair return to its shareholders, while serving the community as a caring corporate citizen. C O N T E N T S THE HUB POWER COMPANY LIMITED PAGE Company Information 1 Report of the Directors 3 Auditors’ Review Report to the Members 5 Condensed Interim Unconsolidated Profit & Loss Account 7 Condensed Interim Unconsolidated Statement of 8 Comprehensive Income Condensed Interim Unconsolidated Balance Sheet 9 Condensed Interim Unconsolidated Cash Flow Statement 10 Condensed Interim Unconsolidated Statement of Changes in Equity. 11 Notes to the Condensed Interim Unconsolidated Financial Statements 12 THE HUB POWER COMPANY LIMITED and its Subsidiary Company Report of the Directors on the Consolidated Financial Statements 17 Condensed Interim Consolidated Profit & Loss Account 18 Condensed Interim Consolidated Statement of Comprehensive Income 19 Condensed Interim Consolidated Balance Sheet 20 Condensed Interim Consolidated Cash Flow Statement 21 Condensed Interim Consolidated Statement of Changes in Equity 22 Notes to the Condensed Interim Consolidated Financial Statements 23 COMPANY INFORMATION BOARD OF DIRECTORS M. A. Alireza H.I. (Chairman) Zafar Iqbal Sobani (Chief Executive) Dr. Fereydoon Abtahi Yousuf A. Alireza Robin A. Bramley Dr. Asif A. Brohi NBP Nominee Malcolm P. Clampin Taufique Habib Arshad A. Hashmi Qaiser Javed Iqbal Ahmed Khosa GOB Nominee Ali Munir Philippe F. -
The Hub Power Company Limited 2
The Pakistan Credit Rating Agency Limited Rating Report Report Contents 1. Rating Analysis The Hub Power Company Limited 2. Financial Information 3. Rating Scale 4. Regulatory and Supplementary Disclosure Rating History Dissemination Date Long Term Rating Short Term Rating Outlook Action Rating Watch 21-Jun-2021 AA+ A1+ Stable Maintain - 29-Jun-2020 AA+ A1+ Stable Maintain - 27-Dec-2019 AA+ A1+ Stable Maintain - 27-Jun-2019 AA+ A1+ Stable Maintain - 27-Dec-2018 AA+ A1+ Stable Maintain - 29-Jun-2018 AA+ A1+ Stable Maintain - 22-Dec-2017 AA+ A1+ Stable Maintain - 20-Apr-2017 AA+ A1+ Stable Maintain - 20-Apr-2016 AA+ A1+ Stable Maintain - 29-Jun-2015 AA+ A1+ Stable Maintain - Rating Rationale and Key Rating Drivers The rating reflects the holding company character of Hubco with an exclusive focus on the different dimension of the energy sector. In addition to the investment book, Hubco itself is a large RFO based power plant. Hubco aims to expand generation capacity to boost the country's power generation by utilizing Pakistan's indigenous natural resources. Hubco is setting up two coal power plants (i) Thar Energy Limited (TEL): 330MW and (ii) Thalnova Power: 330MW, mine-mouth coal-fired power plants at Thar. Hubco also has an investment in Sindh Engro Coal Mining Company (SECMC) and China Power Hub Generation Co (CPHGC). Moving forward, Hubco is looking to explore growth opportunities in diversified areas including water desalination, renewable energy, upstream oil & gas, mining and infrastructure. Through Hub Power Holdings Ltd, a wholly owned subsidiary of Hubco, entered in JV agreement (50:50) with ENI, Pakistan’s employees to form Prime Int. -
FACTSHEET - AS of 01-Oct-2021 Solactive GBS Pakistan Large & Mid Cap USD Index PR
FACTSHEET - AS OF 01-Oct-2021 Solactive GBS Pakistan Large & Mid Cap USD Index PR DESCRIPTION The Solactive GBS Pakistan Large & Mid Cap USD Index PR is part of the Solactive Global Benchmark Series which includes benchmark indices for developed and emerging market countries. The index intends to track the performance of the large and mid cap segment covering approximately the largest 85% of the free-float market capitalization in the Pakistani market. It is calculated as a pricereturn index in USD and weighted by free-float market capitalization. HISTORICAL PERFORMANCE 1,200 1,000 800 600 400 200 Jan-2008 Jan-2010 Jan-2012 Jan-2014 Jan-2016 Jan-2018 Jan-2020 Jan-2022 Solactive GBS Pakistan Large & Mid Cap USD Index PR CHARACTERISTICS ISIN / WKN DE000SLA8Y15 / SLA8Y1 Base Value / Base Date 1139 Points / 08.05.2006 Bloomberg / Reuters / .SPKLMCUP Last Price 347.48 Index Calculator Solactive AG Dividends Not included Index Type Price Return Calculation 8:00 am to 10:30 pm (CET), every 15 seconds Index Currency USD History Available daily back to 08.05.2006 Index Members 13 FACTSHEET - AS OF 01-Oct-2021 Solactive GBS Pakistan Large & Mid Cap USD Index PR STATISTICS 30D 90D 180D 360D YTD Since Inception Performance -11.24% -18.75% -20.18% -6.01% -14.20% -69.49% Performance (p.a.) - - - - - -7.42% Volatility (p.a.) 17.33% 14.90% 15.54% 17.78% 16.87% 23.20% High 391.47 429.41 459.90 459.90 459.90 1310.60 Low 343.18 343.18 343.18 343.18 343.18 250.61 Sharpe Ratio -4.42 -3.83 -2.37 -0.36 -1.11 -0.33 Max. -
Graduates Directory Spring 2019
2019 COOP PROGRAM Short for Cooperative Education - Classroom Based Learning + Work Based Learning Skill Impact Bytes of Coop Program Structured Program enabling university students to learn classroom theory with practical, hands-on experience in industry prior to graduation. Industry to prepare itself requires a framework for product strategy which is insight driven and well thought-out so that it can satisfy the hidden need of the market. Through Coop Program the product, i.e “The Graduate”, is the one who will be insightful with ability to think through the dynamics of Congratulations! the competition and the consumer and come out with winning solutions - for that we are preparing this coop program. Office of Career Services (OCS) has been rebranded as Create a pipeline of future candidates i.e Succession Planning Office of Corporate Linkages and Placements (OCLP) Recruit with low risk On graduation fully Trained Talent with no down time Low Recruitment/training costs Get new/creative ideas for the organization Faculty engagement COOP PROGRAM Short for Cooperative Education - Classroom Based Learning + Work Based Learning Skill Impact Bytes of Coop Program Structured Program enabling university students to learn classroom theory with practical, hands-on experience in industry prior to graduation. Industry to prepare itself requires a framework for product strategy which is insight driven and well thought-out so that it can satisfy the hidden need of the market. Through Coop Program the product, i.e “The Graduate”, is the one who will be insightful with ability to think through the dynamics of Congratulations! the competition and the consumer and come out with winning solutions - for that we are preparing this coop program. -
Pakistan Institute of Corporate Governance – PICG List of Directors Training Program
Pakistan Institute of Corporate Governance – PICG List of Directors Training Program NO. NAMES DESIGNATION COMPANY YEAR 1 Mr. Bazl Khan Chairman IGI Funds Limited 2007 2 Mr. Ali Azam Shirazee CEO IGI Funds Limited 2007 3 Mr. Hasanali Abdullah Joint MD EFU General Insurance Ltd 2007 4 Mr. Abdul Aziz Yousuf Director Gul Ahmed Textile Mills Ltd 2007 5 Mr. Iqbal AliMohammed Chairman / Director MYBANK Limited 2007 Central Depository Company of 6 Mr. Mohammad Hanif Jakhura CEO 2007 Pakistan Central Depository Company of 7 Mr. Kamran Ahmed Qazi CFO & Co. Secretary 2007 Pakistan 8 Mr. Riyaz T. Chinoy Chief Operating Officer International Industries Ltd 2007 Adamjee Insurance Company 9 Mr. Tameez-ul-Haque Company Secretary 2007 Limited 10 Ms. Neelofar Hameed Company Secretary International Industries Limited 2007 11 Mr. Fuzail Abbas CFO & SEVP Habib Metropolitan Bank Ltd 2007 12 Mr. Ekhlaq Ahmed EVP / Secretary National Bank of Pakistan 2007 13 Mr. Zafar Hussain Memon Director M. Yousuf Adil Saleem & CO. 2007 14 Mr. Aleem Ahmed Dani Group Director Finance Dawood Hercules Chemicals Ltd 2007 15 Mr. Abdul Samad Dawood CEO Dawood Corporation (Pvt) Ltd. 2007 16 Mr. Shahid Mahmood Dir Finance & Company Secretary KSB Pumps Co. Ltd 2007 Pakistan Institute of Corporate Governance – PICG List of Directors Training Program NO. NAMES DESIGNATION COMPANY YEAR 17 Syed Muhannad Ali Zamin SVP National Bank of Pakistan 2007 18 Mr. Moiz Ahmad Executive Director ICAP 2007 19 Ms. Sadia Khan Executive Director Delta Shipping (Pvt) Ltd 2007 20 Mr. Kaiser Naseem Manager PCG IFC 2007 M. Aslam & Company Chartered 21 Mr. Mohammed Aslam Principal 2007 Accountants 22 Mr. -
SWOT Analysis
Assignment # 02 SWOT Analysis By Sohail Abbas Sp11-BEC-081 Section (A) Instructor Dr. Nazir A. Hawary Course Title Project Planning and Management Dated: 24th September 2014 COMSATS Institute of Information Technology Lahore Department of chemical engineering SWOT Analysis 1. History: In the 1960’s and 70’s, Albert Humphrey is said to have developed this strategic planning tool using data from the top companies in America at the time. Its basic organizing principles have remained largely unchanged in the field of strategic management. It is a systematic framework which helps managers to develop their business strategies by appraising their internal and external determinants of their organization’s performance [1]. 2. Definition of SWOT: A SWOT Analysis is a business analysis method that organization can perform for each of its products, services and markets when deciding on the best approach to achieve future growth. A SWOT Analysis is a tool which permits users to look at the direction a company or organization may wish to move towards in the future. SWOT Analysis looks at the strengths, weaknesses, opportunities and threats that are relevant to an organization in a new venture. A SWOT Analysis is a useful tool, which in conjunction with others can help make informed decisions. By specifying clear objectives and identifying internal and external factors that are either helpful or not, a short and simple SWOT analysis is a useful resource which may be incorporated into an organizations strategic planning model [2]. i. Strengths- Internal attributes those are helpful to the organization to achieving its objective. ii. Weaknesses – Internal attributes that are harmful to the organization to achieving its objective. -
1. Syed Khalid Siraj Subhani 2. Mian Asad Hayaud
PROFILE OF CANDIDATES WHO HAVE FILED THEIR INTENTION TO OFFER THEMSELVES TO CONTEST IN THE ELECTION OF DIRECTORS AT THE 11th EXTRAORDINARY GENERAL MEETING SCHEDULED TO BE HELD ON MARCH 17, 2021. 1. Syed Khalid Siraj Subhani Mr. Subhani is a Chemical Engineer with Executive Management Program from Haas School of Business, University of California, Berkeley and Leadership program from MIT, Boston. A seasoned executive, his career spanned over 33 years with Exxon Chemical Pakistan Limited, which subsequently became Engro Chemical Pakistan Limited and later Engro Corporation Limited. This included long term assignments with Esso Chemical Canada in Edmonton and at ICI site in Billingham UK. Over the years, he worked in numerous senior executive positions at Engro and played instrumental role in growth and diversification of the company to make it one of the largest business conglomerates of Pakistan. Prior to retirement from Engro he worked as President and Chief Executive Officer of Engro Corporation Limited, Engro Fertilisers Limited and Engro Polymer and Chemicals Limited. Mr. Subhani also served as President and Chief Executive Officer of ThalNova Power Thar Private Limited for a period of two years. Earlier Mr. Subhani also served on the board of Engro Corporation Limited (Director), Hub Power Company Limited (Director), Engro Foods Limited (Director), Sindh Engro Coal Mining Company Limited (Director), Laraib Energy Limited (Director), Engro Fertilisers Limited (Board Chairman), Engro Polymer and Chemicals Limited (Board Chairman), Engro Vopak Terminal Limited (Board Chairman), Thar Power Company Limited (Board Chairman), Engro Powergen Qadirpur Limited (Board Chairman), Engro Elengy Terminal (Private) Limited (Board Chairman) and Engro Eximp Agri Products (Private) Limited (Board Chairman). -
NBP Annual Report 2017
National Bank Annual Report Cover Inside PROFILE The Bank 03 Vision, Mission & Core Values 04 Corporate Information 06 Organogram 07 Board of Directors 08 Senior Management 09 Shariah Board 15 MANAGEMENT DISCUSSION & DIRECTORS’ REPORTS Through the year 2017 17 Our Business, Objectives & Strategy 19 Financial Highlights 23 Awards & Credit Ratings 46 Directors’ Report to Shareholders 47 Directors’ Report to Shareholders (Urdu) 68 Overview of the Board of Directors’ Committees 70 Groups’ Performance Review 72 Corporate Social Responsibility 81 Risk Management Overview 88 Global Whistle Blow Policy 91 CORPORATE GOVERNANCE Statement of Internal Control 92 Statement of Compliance with Code of Corporate Governance 93 Auditors’ Review Report on Statement of Compliance with Code of Corporate Governance 96 Shariah Board’s Report on ‘NBP-Aitemaad’ (English & Urdu) 97 Notice of 69th Annual General Meeting 104 Notice of 69th Annual General Meeting (Urdu) 107 CONTENTS UNCONSOLIDATED FINANCIAL STATEMENTS Auditors’ Report to the Members 110 Unconsolidated Statement of Financial Position 112 Unconsolidated Profit and Loss Account 113 Unconsolidated Statement of Comprehensive Income 114 Unconsolidated Cash Flow Statement 115 Unconsolidated Statement of Changes in Equity 116 Notes to the Unconsolidated Financial Statements 117 CONSOLIDATED FINANCIAL STATEMENTS Directors’ Report to the Shareholders (English & Urdu) 212 Auditors’ Report on Consolidated Financial Statements 214 Consolidated Statement of Financial Position 215 Consolidated Profit and Loss Account 216 Consolidated Statement of Comprehensive Income 217 Consolidated Cash Flow Statement 218 Consolidated Statement of Changes in Equity 219 Notes to the Consolidated Financial Statements 220 Pattern of Shareholding 318 Proxy Form 325 Management Contacts & Branch Network 327 are a leading commercial Wbank, establishede on November 08, 1949 under the National Bank of Pakistan Ordinance, 1949. -
Habibmetro Modaraba Management (AN(AN ISLAMICISLAMIC FINANCIALFINANCIAL INSTITUTION)INSTITUTION)
A N N U A L R E P O R T 2017 1 HabibMetro Modaraba Management (AN(AN ISLAMICISLAMIC FINANCIALFINANCIAL INSTITUTION)INSTITUTION) 2 A N N U A L R E P O R T 2017 JOURNEY OF CONTINUOUS SUCCESS A long term partnership Over the years, First Habib Modaraba (FHM) has become the sound, strong and leading Modaraba within the Modaraba sector. Our stable financial performance and market positions of our businesses have placed us well to deliver sustainable growth and continuous return to our investors since inception. During successful business operation of more than 3 decades, FHM had undergone with various up and down and successfully countered with several economic & business challenges. Ever- changing requirement of business, product innovation and development were effectively managed and delivered at entire satisfaction of all stakeholders with steady growth on sound footing. Consistency in perfect sharing of profits among the certificate holders along with increase in certificate holders' equity has made FHM a sound and well performing Modaraba within the sector. Our long term success is built on a firm foundation of commitment. FHM's financial strength, risk management protocols, governance framework and performance aspirations are directly attributable to a discipline that regularly brings prosperity to our partners and gives strength to our business model which is based on true partnership. Conquering with the challenges of our operating landscape, we have successfully journeyed steadily and progressively, delivering consistent results. With the blessing of Allah (SWT), we are today the leading Modaraba within the Modaraba sector of Pakistan, demonstrating our strength, financial soundness and commitment in every aspect of our business. -
Financial Page 2016
Other Matters We would like to draw your attention to the ■ There are no significant doubts upon the following notes in the financial statements which Associated Companies Corporate and Financial Company’s ability to continue as a going concern. contain the information and explanations to Reporting Framework matters highlighted by External Auditors in their Asia Petroleum Limited (APL) ■ There has been no material departure from the best practices of corporate governance, as Audit Report: PSO’s Board is fully cognizant of its responsibility APL was incorporated in Pakistan as an unlisted detailed in the listing regulations and Public public limited company on July 17, 1994. The as recognized by Code of Corporate Governance, ■ Note 12.2 – Non provisioning of past due Sector Code of Corporate Governance. Company has been principally established to detailed in listing regulation and Public Sector receivable from Power Generation Companies Companies (Corporate Governance) Rules, 2013 transport “Residual Fuel Oil” (RFO) to the Hub ■ Key operating and financial data of last six years aggregating to Rs. 101,407 million (net of issued by Securities & Exchange Commission of Power Company Limited (HUBCO) at Hub, in a summarized form is annexed. provision of Rs. 532 million); inclusive of Pakistan (SECP). Rs.11,890 million received subsequent to the Balochistan. For this purpose, the Company laid an underground oil pipeline starting from Pakistan ■ The following is the value of investment of balance sheet date. Following are the comments on acknowledgement State Oil Company Limited’s (PSO) Zulfiqarabad provident and pension funds based on their of PSO’s commitment towards high standards of terminal at Pipri to HUBCO at Hub. -
Annual Report 2020
BRINGING LIGHT FOR A NEW LIFE Throughout time, HUBCO has mustered an extraordinary array of resources – from groundbreaking research to diligent Human Resource. Like the rising sun, HUBCO shines bright and continues to enlighten lives. Our destiny – to bring change, new life and zest to our great Nation through our continued efforts. CONTENTS 05 05 06 07 08 09 Vision & Mission Core Values Company Profile Group Structure Business Strategy SWOT Analysis 10 12 14 20 22 23 Company Geographical Board & Leadership Board & Functional Management Team Organizational Information Presence Committees Structure 24 26 28 30 45 46 A Brief History of Chairman’s Review CEO’s Message Report of the Report of the Review Report to the HUBCO Directors Directors (Urdu) Members 47 49 50 51 54 66 Statement of Awards & Calendar of Calendar of Corporate Social Corporate Compliance Achievements Corporate Events Major Events Responsibility Governance Financial Performance 72 73 74 76 78 80 Financial Ratio Dupont Analysis Horizontal and Horizontal Analysis Vertical Analysis of Six Years Statement Vertical Analysis of of Statement Statement of of Profit or Loss at a Statement of Profit of Financial Position Financial Position Glance or Loss 81 82 83 84 85 86 Six Years Statement Summary of Six Statement of Value Quarterly Financial Statement of Cash Graphical of Financial Position Years Cash Flow Addition Analysis Flow - Direct Method Presentation at a Glance at a Glance BRINGING LIGHT 20 2 FOR A NEW LIFE ANNUAL REPORT 20 Unconsolidated Financial Statements 91 96 97 -
Noon Annual Report 2015 FINAL. Final
Noon Pakistan Limited ANNUAL REPORT 2015 ANNUAL REPORT 2015 CONTENTS Page # Corporate Information 2 Notice of Annual General Meeting 5 Directors' Report to the Shareholders 8 Statement of Compliance with the best Practices of Corporate Governance 12 Six Years' Review at a Glance 14 Performance Overview 16 Pattern of Shareholding 18 Auditors' Review Report on Corporate Governance 20 Auditors' Report to the Members 23 Balance Sheet 24 Profit and Loss Account 26 Statement of Comprehensive Income 27 Cash Flow Statement 28 Statement of Changes in Equity 30 Notes to the Financial Statements 31 Form of Proxy 63 NOON PAKISTAN LIMITED Corporate Information BOARD OF DIRECTORS Mr. Salman Hayat Noon Chief Executive Mr. Adnan Hayat Noon Chairman Mr. K. Iqbal Talib (Non-Executive Director) Mr. Zaheer Ahmad Khan (Non-Executive Director) Mr. Asif H. Bukhari (Non-Executive Director) Lt. Col. (R) Abdul Khaliq Khan (Executive Director) Mirza Shoaib Baig (Non Executive Director) COMPANY SECRETARY Syed Anwar Ali AUDIT COMMITTEE Mr. Asif H. Bukhari Chairman Mr. Adnan Hayat Noon Member Mr. K. Iqbal Talib Member HR & R COMMITTEE Mr. K. Iqbal Talib Mr. Zaheer Ahmad Khan Lt. Col. (R) Abdul Khaliq Khan AUDITORS Hameed Chaudhri & Co. Chartered Accountants LEGAL ADVISERS Hamid Law Associates BANKERS Habib Bank Limited United Bank Limited National Bank of Pakistan Bank Alfalah Limited Faysal Bank Limited The Bank of Punjab NIB Bank Limited MCB Bank Limited Askari Bank Limited Allied Bank Limited Bank Islami Pakistan Limited REGISTERED OFFICE 66-Garden Block, & New Garden Town, SHARES DEPARTMENT Lahore. / REGISTRAR Tele : 35831462 - 35831463 E-mail: [email protected] WEBSITE www.nurpurfoods.com PLANT Bhalwal, District Sargodha.