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Annual Report 2017 | 06 Notice of the Meeting
contents Company Information Company Information 06 Notice of the meeting 07 Corporate Governance Directors’ Profiles 11 Board of Directors 17 Chairman’s Message & Directors’ Report Chairman’s Message 21 Directors’ Report 23 Financial Review 31 Financial Summary 34 Financial Performance Indicators 2012-2017 35 Key Shareholding and Shares Traded 36 Pattern of Shareholding 38 Category of Shareholding 39 Shareholder Information 40 Our Brands Our Portfolio 43 Marketing Communication 47 Financial Statements Financials 55 Annexure 121 © 2017, Engro Foods All Rights Reserved. No part of this publication may be reproduced without the prior written permission of the publisher. company information company information Board of Directors Auditors Abdul Samad Dawood (Chairman) A. F. Ferguson & Company Ali Ahmed Khan (Chief Executive) Chartered Accountants Wim Torfs State Life Building No. 1- C Ghias Khan I.I. Chundrigar Road Heidi Van der Kooij Karachi - 74000, Pakistan. Jaska Marianne de Bakker Tel: +92(21) 32426682 -6 / 32426711-5 Johannes Petrus Fransiscus Laarakker Fax: +92(21) 32415007 / 32427938 Piet Johannes Hilarides Sabrina Dawood Share Registrar M/s. FAMCO Associates (Private) Limited Chief Financial Officer 8-F, Next to Hotel Faran, Block-6, PECHS, Imran Husain Shahrah-e-Faisal Karachi - Pakistan Tel: +92(21) 34380104-5, 34384621-3 Company Secretary Fax +92(21) 34380106 Muneeza Iftikar Registered Office Bankers 5th Floor, The Harbor Front Building HC-3, Marine Drive, Block - 4, Clifton Conventional Karachi - 75600, Pakistan. Allied Bank Limited Tel: +92(21) 35296000 (10 lines) Askari Bank Limited Fax: +92(21) 35295961-2 Bank Al-Falah Limited e-mail: [email protected] Bank Al-Habib Limited Website: www.engrofoods.com Citibank N.A. -
List of Acronyms
List of Acronyms A ADB Asian Development Bank APCMA All Pakistan Cement Manufacturers Association APEDA Agricultural and Processed Food Products Export Development Authority AIDP-I Auto Industry Development Program I ARPU Average Revenue Per User B BOP Balance of Payment BoDs Board of Directors BISP Benazir Income Support Program BISPP BQPS Bin Qasim Power Station BQPS BSCs Behbood Savings Certificates Bt Bacillus thuringiensis BTU British Thermal Units C CAA Civil Aviation Authority CAB Current Account Balance CAGR Compound Annual Growth Rate CBO Congressional Budget Office CBU Completely Built Unit CCAC Cotton Crop Assessment Committee CCI Council of Common Interest CCOR Cabinet Committee on Restructuring CCS Consumer Confidence Survey CDNS Central Directorate of National Savings CEO Chief Executive Officer CFT Cubic feet CGO Customs General Order CLCV Cotton Leaf Curl Virus CMI Census of Manufacturing Industries CNG Compressed Natural Gas CPI Consumer Price Index CPS Credit to Private Sector CPPA Central Power Purchase Agency CSF Coalition Support Fund, Cash Settled Futures CY Calendar Year D DAP Di-ammonium Phosphate DBC Dollar Bearer Certificate State Bank of Pakistan Annual Report 2013-14 DHCL Dawood Hercules Chemical Limited DISCOs Distribution Companies DRAP Drug Regulatory Authority of Pakistan DSCs Defense Saving Certificates DS Debt Servicing DPC Drug Pricing Committee DRAP Drug Regulatory Authority of Pakistan E EAD Economic Affairs Division EBA Everything but Arms ECB European Central Bank ED External Debt EDL External Debt -
Download Company Profile
www.accrescent.com.pk Marching towards SUCCESS Company Profile Accrescent Engineers was founded in the Accrescent Engineers provides technical year 1999, on the principles of integrity, solutions with quality services and traditional innovation and quality. Accrescent Engineers values, with a team of expertise, backed by is one of the fastest growing companies in years of experience. Pakistan, providing services in Electrical Designing, specializing in Power, Automation Accrescent Engineers enjoys a respectable & BMS. place at the top of the technology pyramid. Here at Accrescent we believe in taking Accrescent Engineers offers expertise in the time to listen to our clients, focusing electrical services, designing Industrial on team work, co-ordination and doing it Automation, Control Process, & Instrumentation. right the first time. Accrescent Engineers handles project ranging from one hour service calls to Our ultimate success lies not only in the complex, multi-phased design / build quality of our work but in our commitment projects. to the satisfaction of our customers. We are proud to say we are; Accrescent Engineers is a unique blend of experience, involved in installation, testing, commissioning, preventive maintenance, trouble shooting, projects designing, Marching Towards Success service of industrial plants, & Instrumentation, PLCs & SCADA (Supervisory control & data Acquisition ). Vision Statement Message from the It gives me an immense pleasure to The dedication of Accrescent's personnel To be a number one choice in the Industrial Electrical Products, and Power, Chief Executive introduce Accrescent Engineers as one of to client service is legendary. We believe Industrial, & Building Automation Products and Solutions, as well as being the the leading companies in the field of this zealous dedication separates us from recognized industry leader in Customer Care, quality and innovation. -
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 -
A Solid Relief Rally; 5 May 2020 Breather Can Be Forgiven
Pakistan Equities Monthly Commentary A solid relief rally; 5 May 2020 breather can be forgiven . Interestingly, the local stock market and crude oil (WTI) both happened to Syed Hussain Haider, CFA, CIPM close the month at key resistance levels. Both have already gone through [email protected] a commendable relief rally; WTI has doubled and the KSE-100 has posted +9221 111-574-111 Ext: 3118 25% returns. Hence, any breather during May should not be concerning. Ali H. Zaidi [email protected] . Looking at the decent stock market performance in the ongoing holy +9221 111-574-111 Ext: 3103 month, it might just be the best one in a decade. However, empirical evidence suggests May has historically been relatively tamer. Perhaps this Ahmed Lakhani time, we could be in for something different? [email protected] +9221 111-574-111 Ext: 3035 . Presently, the market is basking in the glory of sympathetic measures (and potential budgetary relief around the corner) in lieu of Covid-19 – both local and foreign. Also, even with the back-to-back policy-rate cuts already announced by the central bank, a further cumulative 200bps cut (at least 100 bps in coming MPC meeting) should not be too surprising. With the market trading at forward P/E of 6.2x and a forward P/B of 1.03x (10-yr average of 8.2x and 1.6x) as per Bloomberg, there is no denying that valuations are more than attractive from a longer term perspective, even though the near-term earnings outlook remains hazy. -
Engro Sustainability Report 2009
Sustainability Report 2009 Sustainability Report 2009 Crafting Sustainable Solutions 02 Engro Corp's Sustainability Report for 2009 provides an overview of efforts made in the areas of sustainability, community development and HSE over the course of 12 months. A major emphasis of this report is on the work done by Engro's fertilizer business. The report has a brief overview of sustainability efforts made by Engro Corp's other subsidiaries. In 2009, Engro Chemical Pakistan Limited converted into a holding companystructure, and was renamed as Engro Corporation Limited. As part of this demerger, the company transferred its core fertilizer business into a new subsidiary, Engro Fertilizers Limited. However, Engro Corp's commitment to the sustain- ability and development of it's people and the communities it works in, remains unchanged. Engro continues its efforts to improve its reporting structure. The sustainability report for 2010 will be a consolidated review of the sustainability measures taken by each engro corp subsidiary. 03 Sustainability Report 2009 Crafting Sustainable Solutions Crafting Sustainable Solutions In addition to growing our business in a profitable, ethical and sustainable way, we are committed to investing in host communities, as well as to mitigate our environmental footprint. As responsible corporate citizens, we continue to strive towards integrating sustainability into our business. 05 07 09 10 11 Executive Summary Scope of Report Chairman’s Message President’s Message The Birth of Engro Corporation Ltd. 13 20 22 24 -
Engro Polymer & Chemcials Limited Prospectus for Issuance Of
ADVICE FOR INVESTORS INVESTORS ARE STRONGLY ADVISED IN THEIR OWN INTEREST TO CAREFULLY READ THE CONTENTS OF THIS PROSPECTUS, ESPECIALLY THE RISK FACTORS GIVEN AT SECTION 5 BEFORE MAKING ANY INVESTMENT DECISION. SUBMISSION OF FALSE AND FICTITOUS APPLICATIONS IS PROHIBITED AND SUCH APPLICATIONS’ MONEY MAY BE FORFEITED UNDER SECTION 87(8) OF THE SECURITIES ACT, 2015. Investment in equity securities involves a degree of risk and investors should not invest any funds in this offer unless they can afford to take the risk of losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision. For taking an investment decision, investors must rely on the examination of the issuer and the offer including the risks involved as disclosed in Section 5 of this prospectus ENGRO POLYMER & CHEMCIALS LIMITED PROSPECTUS FOR ISSUANCE OF PREFERENCE SHARES Date and place of Incorporation: Karachi, October 20, 1997 | Incorporation number: K-07013 | Registered office: 12th Floor, Ocean Tower, G-3, Scheme No. 5, Block 9, Clifton, Karachi |Website: https://www.engropolymer.com/ | Contact Number: +92 21 111-411-411 & +92 21 35166853 | Contact person: Syed Faraz Abbas Jaffri; E-mail: [email protected] | Contact person: Muhammad Bilal Ahmed; E-mail: [email protected] Issue Size: This Issue consists of 300,000,000 Preference Shares of face value of PKR 10/- each out of which 262,500,000 Preference Shares of face value of PKR 10/- each (87.5%) have been offered to and subscribed by Pre-IPO investors and 37,500,000 Preference Shares of face value of PKR 10/- each are being offered to the General Public at an Issue Price of PKR 10.00/- per share. -
Engro Fert 20 17
annual report 2017 an ode to the farmers annual report 2017 111- 211- 211 engrofertilizers.com The vast lands of promise spread an ode to wide, the fields of dreams ploughed, the seeds of hope the farmers deeply sown; answered by prayers they turn bountiful. Peace, meal and sleep - sums up their living. Their sweat golden their fields as they continue to feed the nation. Engines of Pakistan - they are the farmers. contents Company Company Information 07 Notice of the meeting 08 Engro Fertilizers at a Glance 11 Our History 13 Our Milestones 15 Our Core Values 17 Corporate Governance Board of Directors 21 Directors’ Profiles 23 Board Committees 29 Functional Committees 30 Our Governance Framework 31 Statement of Compliance with the Code of Corporate Governance 32 Chairman’s Message & Directors’ Report Chairman’s Message 37 CEO’s Message 39 Key Numbers 41 Business Review 43 Horizontal and Vertical Analyses 49 Summary 55 Financial Ratios 56 Statement of Value Addition and Distribution 60 Key Shareholding and Shares Traded 61 Shareholder Information 64 Pattern of Shareholding 66 Category of Shareholding 67 Our Brands 73 Financial Statements Consolidated Financials 83 Standalone Financials 142 Proxy Form Request for Hard Copy of Annual Report Form © 2017, Engro All Rights Reserved. No part of this publication may be reproduced without the prior written permission of the publisher. Our Vision We are passionate about transforming the agricultural landscape, bringing change and helping the farmer grow. Company Information company information notice of meeting NOTICE IS HEREBY GIVEN that the Ninth Annual General Meeting of Board of Directors Auditors Engro Fertilizers Limited will be held at Karachi Marriott Hotel, Abdullah Mr. -
01-Annual Report 2020
more than ever Annual Report 2020 +92-21-111-211-211 engro.com EngroCorp Engro.Corporation engrocorporation EngroCorp engro-corp 11. Chief financial officer and chief executive officer duly endorsed the financial statements before approval of the Board; independent auditor’s review report 12. The Board has formed committees comprising of members given below: to the members of engro corporation limited Board Audit Committee Review Report on the Statement of Compliance contained in Listed Companies (Code of Corporate Governance) Mr. Muhammad Abdul Aleem Chairman Mr. Raihan Ali Merchant Member Regulations, 2019 Mr. Rizwan Diwan Member We have reviewed the enclosed Statement of Compliance with the Listed Companies (Code of Corporate Governance) Board People’s Committee i.e. HR and Remuneration Committee Regulations, 2019 (the Regulations) prepared by the Board of Directors of Engro Corporation Limited (the Company) for the Ms. Henna Inam Chairperson year ended December 31, 2020 in accordance with the requirements of regulation 36 of the Regulations. Mr. Abdul Samad Dawood Member Mr. Khawaja Iqbal Hassan Member The responsibility for compliance with the Regulations is that of the Board of Directors of the Company. Our responsibility is to Mr. Raihan Ali Merchant Member review whether the Statement of Compliance reflects the status of the Company’s compliance with the provisions of the Board Investment Committee Regulations and report if it does not and to highlight any non-compliance with the requirements of the Regulations. A review is Mr. Abdul Samad Dawood Chairman limited primarily to inquiries of the Company’s personnel and review of various documents prepared by the Company to Mr. -