4. Appendices
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Annual Accounts Dec 31,2015
03 Vision 04 Mission 05 Corporate Information 07 Zero Harm Charter 10 Corporate Objectives, Business Strategy 15 Chairman’s Review 17 Directors’ Report 21 Pattern of Shareholding 25 Six Years’ Key Operational and Financial Data 26 Notice of AGM 31 Statement of Compliance with the Code of Corporate Governance Contents 34 Review Report to the Members on Statement of Compliance with the Code of Corporate Governance 37 Auditors’ Report to the Members on Unconsolidated Financial Statements 39 Unconsolidated Financial Statements 44 Notes to the Unconsolidated Financial Statements 80 Auditors’ Report to the Members on Consolidated Financial Statements 81 Consolidated Financial Statements 86 Notes to the Consolidated Financial Statements 121 Form of Proxy Vision To develop a robust foundation of an Oil Marketing Company, with a well respected and a reputed brand, using innovative ways of doing businesses in alignment with best business practices and our "Zero Harm Charter". 03 HASCOL Annual Report - 2015 Annual Report Mission To ethically compete within our oil industry gaining recognition for product innovation and recognition, outperforming competitors on the basis of environmental sustainability, operational excellence and valuing human resources in the highly competitive oil marketing industry. 04 HASCOL Annual Report - 2015 Annual Report Corporate Information 05 Chairman & C.E.O Audit Committee Human Resource Committee HASCOL Mr. Mumtaz Hasan Khan Mr. Sohail Hasan (Chairman) Mr. Najmus Saquib Hameed (Chairman) Mr. Liaquat Ali (Member) Mr. Mumtaz Hasan Khan (Member) Directors Mr. Najmus Saquib Hameed (Member) Mr. Liaquat Ali (Member) Dr. Akhtar Hasan Khan Mr. Farooq Rahmatullah Khan Strategy Committee Auditors Annual Report - 2015 Annual Report Mr. -
Annualrep2008.Pdf
ABOUT THE COVER A comprehensive Sustainability Strategy is Nurturing Growth at National Foods Limited today, driving all operations towards Vision 20/20. Featured on the cover is the red chilli plant (Capsicum annuum). As part of its sustainability strategy, National Foods Limited is undertaking a planned effort, starting at the grassroots level, to support quality improvement and enhanced production of red chilli in Pakistan. NATIONAL FOODS LIMITED National Foods Limited (NFL), founded in 1970, is today Pakistans leading multi-category Food Company with over 250 different products in 12 categories. It is the only food Company in Pakistan to have ISO 9001 and HACCP certifications along with SAP business technology to drive the Companys strong commitment to quality and management excellence. NFL is an international brand sold in over 35 countries and it aims to be a Rs. 50 billion company under its Vision 20/20. NFL is dedicated to improving the well-being of society through continuous development of innovative food products and through a wide-ranging corporate social responsibility program. FOUNDERS PHILOSOPHY National Foods Limited must focus on customers needs and serve them with quality products at affordable prices at their doorstep. Our products must be pure; conforming to international standards. Our research must produce continuously new adventurous products scientifically tested, hygienically produced in safe and attractive packages We must create an environment in our offices and factories where talents are groomed and have opportunity to advance in their careers. We must prove to be recognized as good corporate citizens, support good causes and charity and bear fair share of taxes. -
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. -
MAPLE LEAF CEMENT FACTORY LIMITED Table of Contents
MAPLE LEAF CEMENT FACTORY LIMITED Table of Contents Mission Statement 2 Corporate Strategy 3 Statement of Ethics and Business Practices 5 Company Profile 7 Company Information 9 Notice of Annual General Meeting 10 Directors’ Report to the Shareholders 11 Six Years Summary 16 Pattern of Shareholding 17 Statement of Compliance with the Code of Corporate Governance 22 Review Report to the Members on Statement of Compliance with Best Practices of Code of Corporate Governance 24 Auditors’ Report to the Members 25 Balance Sheet 26 Profit and Loss Account 28 Statement of other Comprehensive Income 29 Cash Flow Statement 30 Statement of Changes in Equity 31 Notes to the Accounts 32 Proxy Form ANNUAL REPORT 2010 Mission Statement “The Maple Leaf Cement Factory Limited stated mission is to achieve and then remain as the most progressive and profitable company in Pakistan in terms of industry standards and stakeholders interests. The company shall achieve its mission through a continuous process of having sourced and implemented the best leading edge technology, industry best practice, human resource and by conducting its business professionally and efficiently with responsibility to all its stakeholders and community.” 02 ANNUAL REPORT 2010 Corporate Strategy We at Maple Leaf Cement Factory Limited manufacture and market different types of consistently high quality cement, according to the demanding requirements of the construction industry. Our strategy is to be competitive in the market through quality and efficient operations. As a responsible member of the community, we are committed to serve the interest of all our stakeholders and contribute towards the prosperity of the country. -
Annual Report 2015
Annual Report 2015 The Way Forward At Bank Alfalah, we’ve never chosen the well-trodden path just because it’s the easiest option. We’ve always been different and defined our own rule of success. We are younger and more dynamic than the rest, and we’re drawn to people who share the same attitude. OUR WAY CUSTOMER CONNECT We want to inspire and help you find your own way in going after what you want, just as we have. We do all we can to understand and anticipate what will help you achieve your ambitions. LET’S INNOVATE We constantly question the status quo to find new and better ways to do things. With fresh eyes, we seek out new ways to meet your needs and help you shape your own path, through innovative products, insightful advice and a ‘can-do’ attitude. INSPIRING LEADERSHIP We foster leadership, inspiring employees and customers to do things differently and to succeed while delivering sustainable results. We inspire and recognise young, emerging talent in the country and provide them with opportunities to showcase their work. THE WAY FORWARD CONTENTS 01 Bank Alfalah Our Company 03 Vision, Mission and Values 04 Company Information 05 Directors’ Profile 07 Management Committee 11 Chairman’s Message 13 Directors’ Report 15 The Way Forward Customer Connect 27 Let’s Innovate 39 Inspiring Leadership 45 Corporate Information 51 Financial Information Financial Performance (Including Six Years Financial Summary) 63 Notice of the Annual General Meeting 73 Statement of Compliance with the Code of Corporate Governance (CCG) 75 Auditors’ Review -
Star Textile Mills LTD. A-41 SITE, Karachi
S# M # Company Name Mailing Address Tel # Fax # Name of Authorized Representative Designation Mobile-1 Email-1 NIC # NTN ST # 1 0026 Star Textile Mills LTD. A-41 SITE, Karachi. 32561127-29, 3251149 32580836 Mian MUHAMMAD ZAHID Law Consultant 0300-9243820 [email protected] 42201-6422669-5 069845-9 02-02-5111-019-19 2 0028 A. B. (Al-Hashmi Brothers) (PVT) LTD. H-6 SITE, Karachi. 32572963 Syed Shakir Hashmi Director 0333-2283020 [email protected] 42000-7647196-1 0704163-2 02-02-2811-003-55 3 0041 KOHINOOR CHEMICAL CO. (PVT) LIMITED 9TH FLOOR, TIBBET CENTRE, M. A. JINNAH ROAD, KHI 32564553, 32563425, 32563730, 32570144-6, 32571127 Mr. Aslam Allawala 0300-2150567 [email protected] 0710919-9 02-06-3302-001-91 4 0043 AHMED FOODS (PVT) LTD. D-112, AHMED HOUSE, SITE, KARACHI 111-987-789, 32563520-4 32578196 SYED HASIB AHMED Executive Director 0300-8269430 [email protected] 42101-0715400-3 0704016-4 02-06-2100-002-37 5 0046 HELIX PHARMA (PVT) LIMITED A-56, SITE, KARACHI 32562507, 32563856, 32563882, 32570182-3 32564393 TANWEER AHMED GM-HR & Admin 0333-0202206 [email protected] 42201-0793883-7 0710606-8 11-01-7010-002-46 6 0049 INDUS PENCIL INDUSTRIES (PVT) LIMITED B-54, SITE, KARACHI 32573214-7 32564931 MR. NAEEM AKHTAR YOUSUF 0300-8221852 [email protected] 42201-0468514-1 0710696-3 02-02-3208-016-64 7 0052 EXIDE PAKISTAN LIMITED A-44, SITE, Karachi 32578061-4, 32574610 32591679 SYED ZULQARNAIN SHAH GM 0333-2244702 [email protected] 42000-0479156-9 0676659-5 02-01-8507-001-64 8 0061 PAKISTAN CABLES LIMITED B-21, SITE, KARACHI 32561170-5 32564614 Aslam Sadruddin 0300-9227015 [email protected] 42301-4759734-3 0711509-1 02-02-7605-001-82 9 0067 Pakistan Paper Products Limited D-58 SITE, Karachi. -
CFA Institute Research Challenge Hosted by CFA Society of Pakistan Institute of Business Administration – Karachi
CFA Institute Research Challenge hosted by CFA Society of Pakistan Institute of Business Administration – Karachi CFA Institute Research Challenge 2015-16 Institute of Business Administration (IBA) – Student Research This report is published for educational purposes only by [Oil & Gas Sector, Oil Marketing Company] Students competing in The CFA Institute Research Challenge. Pakistan Stock Exchange (PSX) Pakistan State Oil Date: 11/01/16 Current Price: 321.27 PKR/share Recommendation: BUY (33% upside) Ticker: PSO (PSX) Ticker: PSO PA (Bloomberg) PKR/USD: 105 Target Price: 428 PKR/share (4.08 USD) Market Profile Closing price (PKR) 321.27 PSO: Proxy for Pakistan’s economic revival 52-week price 283.75 - range (PKR) 415.40 We issue a BUY recommendation on Pakistan State Oil (PSO) with a one-year target price of PKR 428 using the Discounted Average daily Free Cash Flow to Firm (FCFF) and Relative Valuation Method. This offers a 33% upside from its closing price of PKR 321 volume (12M) 919,134 on January 11, 2016. PSO is one of the biggest and most liquid blue-chips on KSE with average daily volume being 0.34% As a % of shares of shares outstanding. Our investment thesis is based on PSO’s earnings growth, backed by volumes growth, outstanding 0.34% improving operating cash flows, and being a cheap blue-chip asset. PSO’s earnings growth is primarily driven by its volumetric sales growth during FY16-21 (CAGR: 12%) due to a changing energy mix, lower financing costs which will Dividend yield reduce over the years due to lower borrowings and positive operating cash flows. -
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). -
Annual Report 2016 3 OUR BUSINESSES
MAKING FOOD & ENERGY AVAILABLE, AFFORDABLE, SUSTAINABLE Dawood Hercules is a partner in Pakistan’s growth and prosperity, and this ethos serves as the foundation of our business operations. Energy, agriculture and food sectors are the strongest drivers of Pakistan’s economic growth, and are therefore the core areas of investment for our group. We are a holding company founded on family values. This allows us to deploy capital and invest in people and partnerships over a long period of time to solve two of the most pressing issues the world is facing today: making food and energy available, affordable and sustainable. CONTENTS 03 Vision 03 Purpose 08 Business ethics and core values 12 Performance highlights 16 Company information 20 Board of Directors 27 Committees 30 Operating Highlights 30 Six years at a glance 32 Horizontal analysis (Balance sheet) 34 Vertical analysis (Balance sheet) 36 Horizontal analysis (Profit & loss) 36 Vertical analysis (Profit & loss) 38 Statement of value addition 42 Notice of annual general meeting 60 Directors training programme 56 Directors’ Report 60 Related party transactions 56 Economic scenario 60 Future outlook 57 Business overview 61 Acknowledgment 58 Financial performance 66 Review report on statement of compliance 58 Earnings per share 67 Statement of compliance 58 Auditors 72 Financial Statements 58 Shares traded 73 Auditor’s report to the members 59 Pattern of shareholding 74 Financial statements 59 Market capitalization & book value 79 Notes to the financial statements 59 Appropriation 109 Consolidated -
February 29, 2012
Valuation of Debt Securities by MUFAP as per SECP Circular 01 of 2009 dated Jan 6, 2009 Rates of Debt Securities as of February 29, 2012 VALUATION OF RATED INVESTMENT GRADE DEBT SECURITIES S.No. Code TFCs and Sukuks Traded / Non-Traded Price GOVERNMENT GUARANTEED / AAA 1 KSEW/SUK/021107 KARACHI SHIPYARD & ENGINEERING WORKS LTD-SUKUK (02-11-07) Non-Traded 100.4148 2 KSEW/SUK/040208 KARACHI SHIPYARD & ENGINEERING WORKS LTD-SUKUK (04-02-08) Non-Traded 100.3966 3 NIPC/SUK/110807 NATIONAL INDUSTRIAL PARK DEVEL. & MANAGEMENT Co. SUKUK (11-08-07) Non-Traded 101.7270 4 SCB/TFC/010206 SCB (PAK) LTD-TFC (01-02-06) Traded 102.0816 5 WAPDA/SUK/050106 WAPDA-SUKUK (05-01-06) Non-Traded 100.3857 6 WAPDA/SUK/130707 WAPDA-SUKUK (13-07-07) Non-Traded 96.5078 RATED AA+ 7 OLPL/TFC/250507 ORIX LEASING PAKISTAN LTD-TFC (25-05-07) - Amortization Non-Traded 97.9452 8 OLPL/TFC/150108 ORIX LEASING PAKISTAN LTD-TFC (15-01-08) Non-Traded 100.6494 9 OLPL/TFC/300611 ORIX LEASING PAKISTAN LTD-TFC (30-06-11) **** Non-Traded 100.4999 RATED AA 10 BAHL/TFC/150704 BANK AL-HABIB LTD-TFC (15-07-04) 10% cap - Amortization Non-Traded 92.3230 11 BAHL/TFC/070207 BANK AL-HABIB LTD-TFC (07-02-07)**** Non-Traded 102.4668 12 BAHL/TFC/150609 BANK AL-HABIB LTD-TFC (15-06-09)**** Non-Traded 107.6500 13 BAHL/TFC/300611 BANK AL-HABIB LTD-TFC (30-06-11) Traded 106.0938 14 ENGROC/TFC/010211 ENGRO CORPORATION LTD-TFC (01-02-11) **** Non-Traded 100.9434 15 ENGROC/TFC/160911 ENGRO CORPORATION LTD-TFC (16-09-11) Non-Traded 102.9198 16 ENGRO/TFC/301107 ENGRO FERTILIZER LTD-TFC (30-11-07) **** -
Global Global Securities Pakistan Limited Draft Offer for Sale of Shares
INVESTORS ARE STRONGLY ADVISED IN THEIR OWN INTEREST TO CAREFULLY READ THE CONTENTS OF THE OFFER FOR SALE DOCUMENT, ESPECIALLY THE RISK FACTORS HIGHLIGHTED IN PARA 4.12, BEFORE MAKING ANY INVESTMENT DECISION OFFER FOR SALE OF 88,025,000 SHARES OF KOT ADDU POWER COMPANY LIMITED At an Offer Price of PKR 30/- per share (Including Premium of PKR 20/- per share) By Privatisation Commission, Government of Pakistan On behalf of Pakistan Water and Power Development Authority Public Subscription From xxx, 2005 to xxx, 2005 Date of Publication of this Offer for Sale Document is xxx, 2005 THIS IS NOT A PROSPECTUS BY KOT ADDU POWER COMPANY LIMITED (THE COMPANY) BUT AN OFFER FOR SALE BY THE PRIVATISATION COMMISSION, GOVERNMENT OF PAKISTAN ON BEHALF OF WAPDA (THE OFFERER) OUT OF WAPDA’S SHAREHOLDING IN THE COMPANY Lead Manager to the Offer Global Global Securities Pakistan Limited Draft Offer for Sale of Shares GLOSSARY OF TECHNICAL TERMS AND ABBREVIATIONS 2 CDA Central Depository Act,1997 CDC The Central Depository Company of Pakistan Limited CDS Central Depository System CEGB Central Electricity DraftGenerating Board, UK Offer for Sale of Shares Company Kot Addu Power Company Limited CPP Capacity Purchase Price, means an element of tariff payable by WAPDA to KAPCO as defined in the “Power Purchase Agreement” DISCOs Distribution Companies EPP Energy Purchase Price, means an element of tariff payable by WAPDA to KAPCO as defined in the “Power Purchase Agreement” Escalable Means indexed to the US Consumer Price Index and Rupee-US Dollar Exchange Rate