CHENAB LIMITED CONTANTS
Company Information | 02 |
Vision and Mission Statements | 03 |
Financial Highlights | 04 |
Notice of Annual General Meeting | 05 |
Director's Report to the Members | 06 |
Director's Report in Urdu | 09 |
Auditor's Report to members | 12 |
Financial Position | 18 |
Profit & Loss Account | 20 |
Statement of Comprehensive Income | 21 |
Cash Flow Statement | 22 |
Statement of Changing in Equity | 24 |
Notes to the Financial Statement | 25 |
Pattern of Shareholding (Ordinary Shares) | 61 |
Pattern of Share holding (Preference Shares) | 63 |
Form of Proxy | 64 |
Company Information
Chairman | Mian Muhammad Latif | |
Chief Executive | Mr. Muhammad Naeem | |
Directors | Mian Muhammad Javaid Iqbal | |
Mr. Muhammad Faisal Latif | ||
Mr. Tariq Ayoub Khan | ||
Mr. Masood UI Hassan | ||
Mr. Muhammad Hashim | ||
Mr. Muhammad Salman Javed | ||
Nominee Director | Mrs. Sobia Chughtai | |
Major Bankers | Allied Bank Limited. | |
Askari Bank Limited. | ||
Al Baraka Bank (Pakistan) Limited. | ||
Citibank, N.A. | ||
Faysal Bank Limited. | ||
First Credit & Investment Bank Limited. | ||
Habib Bank Limited. | ||
Habib Metropolitan Bank Limited. | ||
KASB Bank Limited. | ||
National Bank of Pakistan. | ||
NIB Bank Limited. | ||
Orix Leasing (Pakistan) Limited. | ||
Pak Oman Investment Company Limited. | ||
Pak Kuwait Investment Company (Pvt.) | ||
Limited. | ||
Pak Libya Holding Company (Pvt.) Limited. | ||
Saudi Pak Industrial & Agricultural | ||
Investment Company (Pvt.) Ltd. | ||
Silk Bank Limited. | ||
Standard Chartered Bank (Pakistan) Limited. | ||
The Bank of Punjab. | ||
United Bank Limited. | ||
Chief Financial Officer | Mr. Faisal Ali Sarwar | |
Company Secretary | Muhammad Arshad | |
Auditors | RSM Avais Hyder Liaquat Nauman | |
Chartered Accountants. | ||
Shares Registrar | F.D. Registrar Services (SMC-Pvt.) Limited | |
Office # 1705, 17th Floor, Saima Trade Tower-A, | ||
I.I. Chundrigar Road, Karachi. | ||
Tel :021-32271905-6/021-35478192-3 | ||
Registered Office | Nishatabad, Faisalabad. | |
Tel:+92 41 8754472-8 | ||
Fax:+92 41 8752400, 8752700 | ||
E-mail Address | chenab@chenabgroup.com | |
Website Address | www.chenabgroup.com | |
Works | -Spinning Unit- Toba Tek Singh. | |
-Weaving Unit- Kharianwala, Distt: Sheikhupura. | ||
-Weaving Unit- Shahkot, Distt: Nankana Sahib. | ||
-Processing & Stitching Units - Nishatabad, Fsd. |
Vision
To be a competitive and customer focused organization with continuing commitment to excellence and standards.
Mission Statement
- To be the business house of first choice for customers.
- To be a change leader.
- To produce innovative, relevant and cost effective products.
- Setting and maintaining high standards.
- To earn profits by achieving optimum level of production by using stateof are technologies.
- To provide ideal working conditions to employees and to take care in their career planning and reward them according to their skill and responsibility.
- To meet social and cultural obligations towards society being a patriotic and conscientious corporate citizens.
Financial Highlights
2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |||||||||
Operational performance | |||||||||||||||
Sales-net | - | - | 360,869,643 | 915,909,663 | 1,764,452,242 | 2,007,632,402 | 2,213,846,121 | ||||||||
Cost of sales | - | - | (430,828,397) | (1,081,014,516) | (2,493,140,675) | (2,259,157,207) | (2,575,659,197) | ||||||||
Gross profit | - | - | (69,958,754) | (165,104,853) | (728,688,433) | (251,524,805) | (361,813,076) | ||||||||
Operation (loss) / profit | (144,480,491) | (149,267,541) | (155,039,514) | (303,610,504) | (868,913,029) | (403,287,485) | (523,972,039) | ||||||||
Profit / (loss) before taxtion | 1,019,812,487 | (81,248,670) | 145,625,462 | (261,067,736) | (970,675,503) | (379,229,841) | (466,824,482) | ||||||||
Profit / (loss) after taxtion | 999,742,641 | (96,579,788) | 141,364,554 | (281,858,960) | (992,228,304) | (389,703,307) | (479,385,251) | ||||||||
Financial position
Property,Plant and equipment Right-of-use assets Investment Property
Long term deposits Fixed capital expenditure Current assets
Store,spare parts and loose tools stocks in trade
Other current assets
Cash and cash equivalents
Total assets
Current liabilities
Short term bank borrowing Currant portion of long term financing/lease liabilities Other current liabilities
Net working capital
Non-current liabilities
Shareholder's equity
9,651,578,837
169,522,097
873,060,285
11,738,715
10,705,899,934
28,743,953
230,000
95,648,347
34,341,523
158,963,823
10,864,863,757
4,344,992,444
3,855,894,245
1,040,371,780
9,241,258,469
1,623,605,288
1,350,079,426
273,525,862
9,729,874,102
171,248,441
889,195,976
11,738,715
10,802,057,234
28,743,953
230,000
139,577,791
12,917,307
181,469,051
10,983,526,285
4,344,992,444
3,557,894,245
2,154,526,358
10,057,413,047
926,113,238
1,653,575,144
(727,461,906)
10,717,044,490
173,047,260
-
12,636,768
10,902,728,518
28,743,953
230,000
138,395,255
17,565,397
184,934,605
11,087,663,123
4,344,992,444
3,104,745,818
2,164,051,501
9,613,789,763
1,473,873,360
2,351,752,556
(877,879,196)
10,993,406,655
-
-
12,636,768
11,006,043,423
36,190,798
29,794,979
1,838,023,531
18,790,040
1,922,799,348
12,928,842,771
4,344,994,597
2,981,041,297
3,239,709,865
10,565,745,759
2,363,097,012
3,410,477,832
(1,047,380,820)
11,185,697,330
-
-
12,636,768
11,198,334,098
67,364,712
32,775,124
1,820,136,526
28,422,073
1,948,698,435
13,147,032,533
4,342,498,926
2,784,877,799
3,133,986,777
10,261,363,502
2,885,669,031
3,672,011,347
(786,342,316)
10,848,915,539
-
-
12,636,768
10,861,552,307
422,273,351
334,657,862
1,824,969,368
24,231,624
2,606,132,205
13,467,684,512
4,988,748,313
2,757,064,088
2,842,070,097
10,587,882,498
2,879,802,014
3,270,026,044
(390,224,030)
11,052,466,480
-
-
12,636,768
11,065,103,248
424,702,996
445,370,174
1,836,360,526
27,300,940
2,733,734,636
13,798,837,884
5,785,580,429
2,675,538,035
2,385,469,560
10,846,588,024
2,952,249,860
3,026,454,436
(74,204,576)
Profiability analysis | |||||||
Gross profit / (loss) to sale (%) | - | - | (19.39) | (18.03) | (41.30) | (12.53) | (16.34) |
Net profit / (loss) to sale (%) | - | - | 39.17 | (28.50) | (55.01) | (18.89) | (21.09) |
Return on Investment (%) | 9.34 | (0.89) | 1.30 | (0.16) | (7.55) | (2.89) | (3.47) |
Return on equity (%) | 365.50 | 13.28 | (16.10) | 1.99 | 15.15 | 6.97 | 9.14 |
Earnings per share(Rupees) | 8.49 | (0.84) | 1.23 | (0.18) | (8.63) | (3.39) | (4.17) |
Financial analysis | |||||||
Current ratio(time) | 0.02 | 0.02 | 0.02 | 0.18 | 0.19 | 0.25 | 0.25 |
Debt to equity (time) | 34.87 | (7.14) | (11.13) | (6.09) | (0.84) | (0.91) | (0.91) |
Total Debt to Total Assets | 0.88 | 0.47 | 0.88 | 0.49 | 0.42 | 0.38 | 0.35 |
Total Debt to Fixed Assets | 0.89 | 0.48 | 0.90 | 0.58 | 0.49 | 0.47 | 0.43 |
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Chenab Ltd. published this content on 18 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 September 2023 09:25:05 UTC.
