Chenab Limited Auditor Raises 'Going Concern' Doubt

Chenab Limited is a Pakistan-based company that is engaged in the exporting of all kinds of value-added fabrics, textile made-ups, casual and fashion garments duly processed. The Company's operations include spinning, weaving, processing, embroidery, quilting and wadding, and stitching. Its divisions include home textile, filled products, towel, apparel and fabric. Its spinning facility is spread over 520,000 square feet and houses 19,000 spindles with an approximate production capacity of one million kilograms (Kgs) of yarn every year. The Company's weaving unit is equipped with approximately 160 air jet looms, including 48 looms with 16 frame dobby with four yarn insertions. It also has two warping machines, one sectional warping machine and two Benninger sizing machines in house. It produces all kind of woven fabrics up to 128-inch width. Its stitching unit is categorized into made ups and apparel. Its home unit is equipped with Gerber Spreaders and Auto Cutting Hauser machines.