DOCSLIB.ORG

Engro Polymer & Chemcials Limited Prospectus for Issuance Of

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
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. The Preference Shares shall be perpetual, cumulative, callable, convertible and non–voting. Dividend on the Issue will be payable half-yearly at the rate of 6 Months KIBOR + 3.5% and the payment of the same shall be at the discretion of Board of Directors and shall be in priority to ordinary shareholders. Method of offering: The Issue is being made through the Fixed Price Method at an Issue Price of PKR 10.00/- per share Public Comments: The Draft Prospectus was placed on PSX’s website for seeking public comments starting from October 21, 2020 to October 29, 2020, however, no public comments were received. DATE OF PUBLIC SUBSCRIPTION: From December 17, 2020 to December 18, 2020 (both days inclusive) From: 9:00 am to 5:00 pm CONSULTANT TO THE ISSUE BANKERS TO THE ISSUE Askari Bank Limited Bank Al Habib Limited Faysal Bank Limited Habib Bank Limited Habib Metropolitan Bank Limited Soneri Bank Limited United Bank Limited Allied Bank Limited JS Bank Limited MCB Bank Limited UNDERWRITERS TO THE ISSUE Arif Habib Limited Topline Securities Limited Online applications can be submitted through Centralized e-IPO system (CES) of Central Depository Company of Pakistan Limited (CDC) and UBL e-IPO system. CES and UBL e-IPO system can be accessed via weblink www.cdceipo.com and http://www.ubldirect.com/corporate/ebank respectively. For details please refer to Section 12.5 of the Prospectus. Date of Publication of this Prospectus: December 10, 2020 Prospectus and General Public Subscription Form can be downloaded from the following websites: https://www.engropolymer.com/, http://www.arifhabibltd.com, www.psx.com.pk & www.cdceipo.com For further queries you may contact Engro Polymer & Chemicals Limited: Syed Faraz Abbas Jaffri; Phone: +92 21 35166853 & +92 21 111-411-411 (Ext: 340), E-mail: [email protected] and Muhammad Bilal Ahmed; Phone: +92 321 3691409; E-mail: [email protected], Arif Habib Limited: Syed Ali Ahmed; Phone: +92 21 3246 5891; E-mail: [email protected] and Saim Ahmed Shahab; Phone: +92 21 3243 3542; Email: [email protected] Underwriter(s): Arif Habib Limited: Syed Ali Ahmed; Phone: +92 21 3246 5891; E-mail: [email protected] & Topline Securities Limited: Saad Abdullah; Phone: +92 21 3530 3338; E-mail: [email protected] The Issue is proposed to be listed at the Pakistan Stock Exchange (“PSX”) Prospectus | Engro Polymer & Chemicals Limited UNDERTAKING BY THE CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER [.] WE, Mr. JAHANGIR PIRACHA, THE CHIEF EXECUTIVE OFFICER AND SYED ABBAS RAZA, THE CHIEF FINANCIAL OFFICER OF ENGRO POLYMER & CHEMICALS LIMITED CERTIFY THAT: 1. THE PROSPECTUS CONTAINS ALL INFORMATION WITH REGARD TO THE ISSUER AND THE ISSUE, WHICH IS MATERIAL IN THE CONTEXT OF THE ISSUE AND NOTHING HAS BEEN CONCEALED IN THIS RESPECT; 2. THE INFORMATION CONTAINED IN THIS PROSPECTUS IS TRUE AND CORRECT TO THE BEST OF OUR KNOWLEDGE AND BELIEF; 3. THE OPINIONS AND INTENTIONS EXPRESSED THEREIN ARE HONESTLY HELD; 4. THERE ARE NO OTHER FACTS, THE OMISSION OF WHICH MAKES THIS PROSPECTUS AS A WHOLE OR ANY PART THEREOF MISLEADING; AND 5. ALL REQUIREMENTS OF THE SECURITIES ACT, 2015; THE DISCLOSURES IN PUBLIC OFFERING REGULATIONS, 2017 FOR PREPARATION OF PROSPECTUS, RELATING TO APPROVAL AND DISCLOSURES HAVE BEEN FULFILLED 6. NO CHARGES, FEE, EXPENSES, PAYMENTS ETC. HAVE BEEN COMMITTED TO BE PAID TO ANY PERSON IN RELATION TO THIS PUBLIC OFFERING EXCEPT FOR THOSE AS DISCLOSED IN THE PROSPECTUS. For and on the behalf of Engro Polymer & Chemicals Limited -Sd- -Sd- ___________________________ ___________________________ JAHANGIR PIRACHA SYED ABBAS RAZA Chief Executive Officer Chief Financial Officer 1 Prospectus | Engro Polymer & Chemicals Limited Glossary of Technical Terms ACT Securities Act, 2015 AHL Arif Habib Limited BVPS Book Value Per Share CAGR Compound Annualized Growth Rate CDA Central Depository Act, 1997 CDC / CDCPL Central Depository Company of Pakistan Limited CDC Regulations Central Depository Company of Pakistan Limited Regulations CDS Central Depository System CES Centralized e-IPO System COI Certificate of Incorporation Companies Act Companies Act, 2017 Commission / SECP Securities and Exchange Commission of Pakistan CRO Company Registration Office CUIN Computerized Unique Identification Number CVT Capital Value Tax DCS Distributed Control System DMT Dry Metric Ton DSCR Debt Service Coverage Ratio DSQ De-superheating Quench column EDC Ethylene Dichloride ENGRO Engro Corporation Limited EPCL Engro Polymer & Chemicals Limited EPS Earnings Per Share ESD Emergency Shutdown EU European Union EVTL Engro Vopak Terminal Limited FBR Federal Board of Revenue FED Federal Excise Duty FFA Free Fatty Acids GDP Gross Domestic Product GIDC Gas Infrastructure Development Cess GOP Government of Pakistan HCL Hydrochloric Acid HW Honey Well IDC Interest During Construction IFC International Finance Corporation ITO Income Tax Ordinance, 2001 KT Kilo Ton 2 Prospectus | Engro Polymer & Chemicals Limited LABSA Linear Alkyl Benzene Sulphonic Acid Mn Million MT Metric Ton MW Megawatt NICOP National Identity Card for Overseas Pakistani NOC No Objection Certificate pH Potential of Hydrogen PKR or Rs. Pakistan Rupee(s) PMT Project Management Team PSX / Exchange Pakistan Stock Exchange Limited PVC Poly-Vinyl-Chloride RLNG Regasified Liquefied Natural Gas SAP Systems Applications and Products SCRA Special Convertible Rupee Account SSGC Sui Southern Gas Company Limited SEPA Sindh Environmental Protection Agency SST Sindh Sales Tax TCC China Tianchen Engineering Corporation TDR Term Deposit Receipt TDS Total Dissolved Solids UAE United Arab Emirates UIN Unique Identification Number USA United States of America USD United States Dollar VCM Vinyl Chloride Monomer WHT Withholding Tax 3 Prospectus | Engro Polymer & Chemicals Limited DEFINITIONS Application Money The amount of money paid along with application for subscription of preference shares which is equivalent to the product of the Issue Price per share and the number of preference shares applied for Centralized E-IPO System In order to facilitate investors, the Central Depository Company of Pakistan (“CDC”) has developed a Centralized e-IPO System (“CES”) through which applications for subscription of securities offered to the general public can be made electronically. CES has been made available in this Issue and can be accessed through the web link (www.cdceipo.com). Payment of subscription money can be made through 1LINK’s member banks available for CES, list of which is available on above mentioned website. For making application though CES, investors must be registered with CES. Registration with CES is one time, free of cost and can be done under a self- registration process by filling the CES registration form, which is available on the above mentioned web link 24/7 all around the year. Investors who have valid Computerized National Identity Card (CNIC), bank account with any of the commercial banks, email address, mobile phone number may register themselves with CES. CDS account (Investor account or sub account) is not mandatory for subscription of securities through CES. Investors who do not have CDS account can opt for IPO facilitation account. For further guidance and queries regarding CES and opening of CDS account, investors may contact CDC at phone number: 0800 – 23275 (CDCPL) and e- mail: [email protected] or Mr. Farooq Ahmed Butt at phone number: 021- 34326030 and email: [email protected] Company Engro Polymer & Chemicals Limited Company’s Legal Advisor Mohammed Yakoob Kapadia Commission Securities & Exchange Commission of Pakistan (“SECP”). Consultant to the Issue Any person licensed by the Commission to act as a Consultant to the Issue. Arif Habib Limited has been appointed as Consultant to the Issue. Demin Water Train It is the unit to produce demineralized water which essentially means reduction of TDS (No dissolved solids) and is achieved through the principle of ion-exchange method Direct Issuance Other than right share issuance under Chapter IV of the Companies (Further Issue of Shares) Regulations, 2020 e-IPO facility e-IPO is submission of application for subscription of securities electronically through internet, Automated Teller Machines (ATM) and mobile phones. In 4 Prospectus | Engro Polymer & Chemicals Limited order to facilitate the public during IPOs, SECP has introduced the concept of e-IPO. The following two systems are available for e-IPOs: I.
Load more

Recommended publications
  • 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.
    [Show full text]
  • Title of Work: GREEN LEADS SCHOOL & COLLEGE SYSTEM
    Title of Work: GREEN LEADS SCHOOL & COLLEGE SYSTEM Name of Applicant: GREEN LEADS SCHOOLS AND COLLEGES SYSTEM Address of Applicant: HOUSE NO. 4 STREET NO. DHAMIAL ROAD, KALMA CHOWK, RAWALPINDI Application No.: 2016/1000 Date of Application: 04/Mar/2016 Title of Work: I2D TECHNOLOGY Name of Applicant: RAJA OMER IQBAL Address of Applicant: I2D TECHNOLOGIES, HOUSE # 103/A, STREET # 1 RACE COURE ROAD WASTRIDGE 1, RAWALPINDI Application No.: 2016/1001 Date of Application: 04/Mar/2016 Title of Work: ASAAN DUKAAN.PK Name of Applicant: RAJA OMER IQBAL Address of Applicant: ASAAN DUKHAAN.PK HOUSE # 103/A, STREET # 1 RACE COURE ROAD WASTRIDGE 1, RAWALPINDI Application No.: 2016/1002 Date of Application: 04/Mar/2016 Title of Work: WHAT A DEAL.PK Name of Applicant: RAJA OMER IQBAL Address of Applicant: WHAT A DEAL.PK, RAWALPINDI Application No.: 2016/1003 Date of Application: 04/Mar/2016 Title of Work: MAGNETO M-200 Name of Applicant: KHALID SIDDIQUE Address of Applicant: AL-WAHID TRADERS R/O OFFICE NO. 100, OLD DISTRICT COURTS , FAISALABAD Application No.: 2016/1004 Date of Application: 02/Mar/2016 Title of Work: MAGNETO M-200 Name of Applicant: KHALID SIDDIQUE Address of Applicant: AL-WAHID TRADERS R/O OFFICE NO. 100, OLD DISTRICT COURTS , FAISALABAD Application No.: 2016/1005 Date of Application: 02/Mar/2016 Title of Work: MAGNETO M-70 Name of Applicant: KHALID SIDDIQUE Address of Applicant: AL-WAHID TRADERS R/O OFFICE NO. 100, OLD DISTRICT COURTS , FAISALABAD Application No.: 2016/1006 Date of Application: 02/Mar/2016 Title of Work: MAGNETO M-200 Name of Applicant: KHALID SIDDIQUE Address of Applicant: AL-WAHID TRADERS R/O OFFICE NO.
    [Show full text]
  • S # ISIN CFI Code
    CFI Code (as Per SECURITY S # ISIN SECURITY NAME SECTOR NAME SECURITY TYPE STATUS new ISO) SYMBOL 1 PK0000201019 ESVUFR EFU GENERAL INSURANCE LIMITED EFUG Insurance Ordinary Shares Listed 2 PK0000301017 ESVUFR HABIB INSURANCE COMPANY LIMITED HICL Insurance Ordinary Shares Listed 3 PK0000401015 ESVUFR HAYDARI CONSTRUCTION CO. LIMITED HADC Miscellaneous Ordinary Shares Listed 4 PK0000501012 ESVUFR K-ELECTRIC LIMITED KEL Power Generation & Distribution Ordinary Shares Listed 5 PK0000601010 ESVUFR MURREE BREWERY COMPANY LIMITED MUREB Food & Personal Care Products Ordinary Shares Listed 6 PK0000701018 ESVUFR USMAN TEXTILE MILLS LIMITED USMT Textile Composite Ordinary Shares Listed 7 PK0001101010 ESVUFR PREMIER INSURANCE LIMITED PINL Insurance Ordinary Shares Listed 8 PK0001201018 ESVUFR DAWOOD LAWRENCEPUR LIMITED DLL Inv. Bank/Inv. Companies/Securities Co. Ordinary Shares Listed 9 PK0001301016 ESVUFR GLAXOSMITHKLINE PAKISTAN LIMITED GLAXO Pharmaceuticals Ordinary Shares Listed 10 PK0001401014 ESVUFR HUSEIN INDUSTRIES LIMITED HUSI Textile Composite Ordinary Shares Listed 11 PK0001701017 ESVUFR HAFIZ LIMITED HAFL Textile Composite Ordinary Shares Listed 12 PK0001901013 ESVUFR JUBILEE GENERAL INSURANCE COMPANY LIMITED JGICL Insurance Ordinary Shares Listed 13 PK0002001011 ESVUFR PAKISTAN CABLES LIMITED PCAL Cables & Electrical Goods Ordinary Shares Listed 14 PK0002101019 ESVUFR PAKISTAN ENGINEERING COMPANY LIMITED PECO Engineering Ordinary Shares Listed 15 PK0002201017 ESVUFR THE PREMIER SUGAR MILLS & DISTILLERY COMPANY LIMITED PMRS Sugar & Allied
    [Show full text]
  • 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
    [Show full text]
  • 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.
    [Show full text]
  • 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).
    [Show full text]
  • 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
    [Show full text]
  • 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) ****
    [Show full text]
  • 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.
    [Show full text]
  • 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
    [Show full text]
  • OICCI CSR Report 2018-2019
    COMBINING THE POWER OF SOCIAL RESPONSIBILITY Corporate Social Responsibility Report 2018-19 03 Foreword CONTENTS 05 OICCI Members’ CSR Impact 06 CSR Footprint – Members’ Participation In Focus Areas 07 CSR Footprint – Geographic Spread of CSR Activities 90 Snapshot of Participants’ CSR Activities 96 Social Sector Partners DISCLAIMER The report has been prepared by the Overseas Investors Chamber of Commerce and Industry (OICCI) based on data/information provided by participating companies. The OICCI is not liable for incorrect representation, if any, relating to a company or its activities. 02 | OICCI FOREWORD The landscape of CSR initiatives and activities is actively supported health and nutrition related initiatives We are pleased to present improving rapidly as the corporate sector in Pakistan has through donations to reputable hospitals, medical care been widely adopting the CSR and Sustainability camps and health awareness campaigns. Infrastructure OICCI members practices and making them permanent feature of the Development was also one of the growing areas of consolidated 2018-19 businesses. The social areas such as education, human interest for 65% of the members who assisted communi- capital development, healthcare, nutrition, environment ties in the vicinity of their respective major operating Corporate Social and infrastructure development are the main focus of the facilities. businesses to reach out to the underprivileged sections of Responsibility (CSR) the population. The readers will be pleased to note that 79% of our member companies also promoted the “OICCI Women” Report, highlighting the We, at OICCI, are privileged to have about 200 leading initiative towards increasing level of Women Empower- foreign investors among our membership who besides ment/Gender Equality.
    [Show full text]
  • First Quarter Accounts 2021
    first quarter accounts 2021 engro corp Engro’s investments in food & agri, petrochemicals, telecommunication infrastructure, and energy & related infrastructure are designed to enable nutrition, prosperity, connectivity, and progress for Pakistan. About Us gains and strived to attain professional excellence. Engro Polymer & Chemicals Limited owned subsidiary of ETPL, set up a state of the art LNG terminal, at Port Qasim. The terminal – which is also one of Engro Corporation Limited is one of Pakistan's largest In 1991, following a decision by Exxon to divest its fertilizer Engro Polymer & Chemicals Limited-a 56% owned the most cost efficient terminals in the region – has the conglomerates with the company's business portfolio spanning business on a global basis, the employees of Exxon Chemical subsidiary of Engro – is the only fully integrated chlor-vinyl capacity for regasification of up to 600 mmcfd. across sectors including chemical fertilizers, PVC resin, Pakistan Limited decided to buy out Exxon's share. This was, chemical complex in Pakistan and produces poly-vinyl chloride (PVC), caustic soda, sodium hypochlorite, Engro Vopak Terminal Limited telecommunication infrastructure, bulk liquid chemical terminal, and perhaps still is, the most successful employee buy-out in hydrochloric acid and other chlorine by-products. The foods and power generation. At Engro, our ambition is to become the corporate history of Pakistan. Renamed Engro Chemical business was setup as a state-of-the-art plant in 1997, as Engro Vopak is a joint venture with Royal Vopak of the the premier Pakistani enterprise with a global reach. Pakistan Limited, the company continued to go from strength a 50:50 joint venture, with Mitsubishi and Asahi Glass with Netherlands – the world’s largest bulk liquid chemical to strength, reflected in its consistent financial performance, Asahi subsequently divesting its shareholding in 2006.
    [Show full text]