Annual Report 2022

HASEEB WAQAS SUGAR MILLS LIMITED

HASEEB WAQAS SUGAR MILLS LIMITED

CONTENTS

  1. Company's Vision & Mission Statements
  2. Company Informaon
  3. Noce of Annual General Meeng
  4. Chairman's Review
  5. Directors' Report
  6. Six Years Review at a Glance
  7. Paern of Shareholding
  8. Statement of Compliance with the Best Pracce of Code of Corporate Governance
  9. Independent Auditor's Report
  10. Balance Sheet
  11. Profit & Loss Account
  12. Statement of Comprehensive Income
  13. Statement of Cash Flows
  14. Statement of Changes in Equity
  15. Notes of the Financial Statement
  16. Proxy Form

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HASEEB WAQAS SUGAR MILLS LIMITED

Vision & Mission Statements

.

THE VISION

.

To be the leader in Sugar Industry by building the Companys' image through quality improvement, customers' satisfaction and by maintaining a high level of Ethical and Professional Standards through the Optimum use of Resources.

THE MISSION

.

Endeavoring to be the market leader by enhancing market share and to conduct business in the best possible manner by using high level of Ethical and Professional Standards.

Seeking long term and good trading relations with customers and suppliers with fair, honest and mutually profitable dealings.

Building an excellent repute of our organization and to maintain high professional and ethical standards with eyes on the future.

Offering high quality products according to the highest international standards.

Continuous enhancement in shareholders' value through teamwork and constant improvement in performance in all operating areas in a competitive business environment.

Providing congenial work environment, where employees are treated with respect and dignity and work as a team for common goals.

Contributing to the national economy by uplifting and skills diversification of the people through fulfillment of our social responsibilities.

Annual Report 2022 1

Company Information

Board of Directors

1.

Mr. Raza Mustafa

Chairman

2.

Mian Haseeb Ilyas

Director/Chief Executive

3.

Mian Waqas Riaz

Director

4.

Mrs. Yasmin Riaz

Director

5.

Mrs. Zainab Waqas

Director

6.

Mrs. Shahzadi Ilyas

Director

7.

Mrs. Zakia Ilyas

Director

8.

Miss. Aqsa Riaz

Director

Audit Committee

Human Resource Committee

1.

Mian Waqas Riaz (Chairman)

1. Mian Waqas Riaz (Chairman)

2.

Mrs. Zakia Ilyas (Member)

2. Mrs. Zainab Waqas (Member)

3.

Mrs. Yasmin Riaz (Member)

3. Mrs. Zakia Ilyas (Member)

Risk Management Committee

Nomination Committee

1.

Mr. Raza Mustafa (Chairman)

1. Mrs. Yasmin Riaz

2.

Mrs. Yasmin Riaz

2. Mrs. Zainab Waqas

Company Secretary

Chief Financial Officer

Mr. Ansar Ahmed, FCA

Syed Mubashar Hussain Bukhari

Tel: 042-35917313

Tel: 042-35917313

Email: cs@hwgc.com.pk

Email: hwgc@hwgc.com.pk

Auditors

Registrar

M/s Qadeer & Company

Hameed Majeed Associates (Pvt.) Limited

Chartered Accountants

H.M. House, 7-Bank Square, Lahore

32-A, Lawrence Road, Lahore

Mills

Registered Office

Mouza Jagmal, Tehsil Jattoi

06-F, Model Town, Lahore

District. Muzaffargarh

Tel: 042-35917321-23

Fax: 042-35917317

Website: www.hwgc.com.pk

Bankers

Legal Advisor

National Bank of Pakistan

Muhammad Ahsan Khan

Sindh Bank Limited

(Advocate)

The Bank of Punjab

Annual Report 2022 2

NOTICE OF 31ST ANNUAL GENERAL MEETING

Notice is hereby given that the 31st Annual General Meeting of Haseeb Waqas Sugar Mills Limited will be held at its Registered Office, 06-F, Model Town, Lahore on Saturday, 28 January 2023 at 09:00 a.m. to transact the following business:-

1. To confirm the minutes of the 30th Annual General Meeting held on 25 December 2022.

  1. To receive, consider and adopt the Annual Audited Accounts of the Company for the year ended 30 September 2022 together with Directors' and Auditors' Report thereon.
  2. To appoint Auditors of the Company for the year ending 30 September 2023 and to fix their remuneration. The retiring auditors M/S Qadeer & Company, Chartered Accountants, being eligible, have offered themselves for re- appointment.
  3. To transact any other business with the permission of the Chair.

By Order of the Board

Place: Lahore

(ANSAR AHMED)

Dated: 05 January 2023

Company Secretary

Notes:

  1. The Members Register will remain closed from 20 January 2023 to 28 January 2023 (both days inclusive). Transfers received at Hameed Majeed Associates (Pvt.) Limited, H.M. House, 7-Bank Square , Lahore, the Registrar and Shares Transfer Office of the Company, by the close of business on 19 January 2023 will be treated in time for the purpose of Annual General Meeting.
  2. A member eligible to attend and vote at the meeting may appoint another member as proxy to attend and vote in the meeting. Proxies in order to be effective must be received by the company at the Registered Office not later than 48 hours before the time for holding the meeting.
  3. In order to be valid, an instrument of proxy and the power of attorney or other authority (if any) under which it is signed, or a notarially certified copy of such power of attorney, must be deposited at the Registered Office of the Company, 06-F, Model Town, Lahore, not less than 48 hours before the time of the meeting.
  4. a) individual beneficial owners of CDC entitled to attend and vote at the meeting must bring his/her participant ID and account/sub-account number along with original CNIC or passport to authenticate his/her identity. In case of Corporate entity, resolution of the Board of Directors/Power of Attorney with specimen signatures of nominees shall be produced (unless provider earlier) at the time of meeting.

Annual Report 2022 3

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Haseeb Waqas Sugar Mills Ltd. published this content on 06 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 January 2023 11:27:55 UTC.