CONTENTS
At Maple Leaf we connect black as a colour of creativity, it's poetic. As a leader we must be creative and encourage the creativity and innovation of our team members too. Nothing is purer than something completely black-a blanket of spirituality comes to mind. Maple Leaf Cement sees the world in situational shades of black rather than as a completely black and white world.
02 About the Report
04 Financial Highlights
05 Geographical Presence
06 Principal Business Activities
08 Our Products and Markets
- Company Information
- Vision Statement, Mission Statement
12 Core Values
14 Corporate Strategy, Culture
16 Code of Business Conduct and Ethical Principles
18 History of Maple
20 Company Profile and Group Structure
22 Value Chain Analysis
24 Business Model
26 Key Elements of the Business Model
26 Significant Factors Affecting External Environment and MLCFL's Response
30 SWOT Analysis
32 Customer Landscaping and Market Positioning
34 Calendar of Events
36 Organizational Chart
38 Statement of Overall Strategic Objectives 2022-2023
- Management's Objectives and Strategies
- Allocation Plan of Entity's Significant Resources
- Key Resources and Capabilities Providing Sustainable Advantage
- Key Performance Indicators (KPIs)
- Risks and Opportunities
54 Notice of Annual General Meeting
72 Chairman's Review
74 Directors' Report to the Shareholders
88 Statement of Compliance with the Code of Corporate Governance
91 Independent Auditor's Review Report on the Statement of Compliance
92 Brief Profile of Directors
97 Corporate Briefings
110 Report of the Audit Committee
112 Board's Disclosure on Company's use of Enterprise Resource Planning Software
114 Corporate Sustainability
120 Social Performance
138 Environmental Performance
146 IT Governance Policy and Cybersecurity
150 Forward Looking Statement
- Policy and Procedures for Stakeholders' Engagement
- Entity's Significant Relationships
- Integrated Reporting
156 Economic Performance
- Horizontal Analysis - Six Years
- Vertical Analysis - Six Years
- Summary of Cash Flow Statement - Six Years
- Comments on Six Years Analysis
- Analysis of Financial Ratios
- Comments on Ratio Analysis
- DuPont Analysis
- Composition of Local versus Imported Material and Sensitivity Analysis
- Key Operating and Financial Data
- Statement of Cash Flows Direct Method
- Results Reported in Interim Financial Statements and Final Accounts
- Explanation of Negative Change in the Performance against Prior Years
- Statement of Value Added and How Distributed
176 Graphical Presentation - Stakeholders' Information
178 Definitions and Glossary of Terms
180 Pattern of Shareholding
When things are in black, there is a finality and a commitment to us. As a leader our intentions must be pure, our ethics must be in check, and we must be as transparent to others in our thoughts and actions as possible. As leaders we are committed, hold firm to commitments and lead from that foundation. That commitment level makes things clearer for us from darkness.
Therefore easier for us to lead and more consistent for others resulting black consciousness which is an attitude of the mind and a way of life, the most positive call to emanate from the new corporate world because stars can't shine without darkness.
Financial Statements | Consolidated Financial Statements | |||
188 | Independent Auditor's Report | 274 | Directors' Report on Audited Consolidated | |
192 | Statement of Financial position | Financial Statements | ||
194 | Statement of Profit or Loss | 276 | Independent Auditor's Report | |
195 | Statement of Comprehensive Income | 280 | Statement of Financial position | |
196 | Statement of Cash Flows | 282 | Statement of Profit or Loss | |
197 | Statement of Changes in Equity | 283 | Statement of Comprehensive Income | |
198 | Notes to the Financial Statements | 284 | Statement of Cash Flows | |
285 | Statement of Changes in Equity | |||
286 | Notes to the Consolidated Financial Statements | |||
365 | Proxy Form | |||
1
ABOUT THE
REPORT
Maple Leaf Cement Factory Limited (MLCFL) corporate Annual Report 2023 covers the period from 1st July 2022 to 30th June 2023. All the activities and performance related data is related to MLCFL and its wholly owned subsidiaries Maple Leaf Power Limited (MLPL) and Maple Leaf Industries Limited (MLIL) does not include any information or data related to its holding and/or associated companies unless where required by legal and corporate regulations.
The Annual Report has been prepared to first give an introduction and overview about the principal activities of the business. It then underlines the risk management framework of the company and then goes to explain the governance structure, their performance and future strategies of the organization which contains the directors' report to the shareholders and the chairman's review. Performance and future outlook are divided into economic, social and environmental categories. Both the
financial and non-financial performance is covered in this report. While the economic, environmental and social data presented in this report is with reference to activities and operations at Maple Leaf Cement Factory Limited. Along with operational impacts, the Annual Report also covers the company's aim of aligning its processes and activities with Sustainability Development Goals (SDGs) and highlight the company's current contributions towards each goal. Company also explains it's responsibility and performance related to corporate social responsibility. The report concludes with the audited financial statements of the company along with the auditor's report, prepared in accordance with the accounting and reporting standards as applicable in Pakistan.
The Annual Report has been prepared in compliance of provisions and directives of Companies Act, 2017 and Code of Corporate Governance Regulations, 2019. Auditor's report of compliance with Code of Corporate Governance also falls part of this report. There has been no change in the reporting period, boundary and scope of the report.
This Annual Report is available in both print and online form at www. kmlg.com
Your feedback is of great value to the Company. Any queries, grievances or general information can be promptly addressed by our 24/7 call centre number: 0800-41111
2023 YEAR AT A GLANCE
(CONSOLIDATED)
GEOGRAPHICAL
PRESENCE
Head Office
42 - Lawrence Road, Lahore
Regional Sales Office, Lahore 304-B, 3rd Floor,
City Tower, Main Boulevard,
Gulberg II, Lahore.
Regional Sales Office, Rawalpindi
C/o Kohinoor Textile Mills Ltd.
Peshawar Road,
Rawalpindi.
Regional Sales Office, Peshawar
B 404 3rd Floor, JB Tower, University
Road, Peshawar.
Plant
Iskanderabad Distt: Mianwali.
Regional Sales Office, Sargodha
Office No. 3, 1st Floor,
Qureshi Arcade, Khushab Road,
Sargodha.
Regional Sales Office,
Faisalabad
Office # 1, 7th Floor,
Legacy Tower, Kohinoor City,
Jaranwala Road, Faisalabad.
Regional Sales Office, Sahiwal
Office # 49 & 50, Tajj Chowk,
Saddique Block, Abbasia Town,
Sahiwal.
Regional Sales Office, Multan
Office # 506, 5th Floor, The United
Mall, Abdali Road, Multan.
Regional office, Rahim Yar Khan
Office No. 2, 1st Floor, Waryam Plaza,
Canal Avenue,Rahim Yar Khan.
Regional Sales Office, Karachi
25 West Wharf Road, Karachi.
4
5
PRINCIPAL BUSINESS
ACTIVITIES
Maple Leaf Cement Factory Limited (MLCFL) is part of the Kohinoor Maple Leaf Group which is a reputable manufacturer of textile and cement in Pakistan. Maple Leaf Cement is the largest single cement production site in Pakistan. It is one of the pioneers of cement industry in Pakistan and in 1956 it was formed by the collaboration between the West Pakistan Industrial Development Corporation and the Government of Canada. Currently, the Company operates via four production lines for the production of grey cement and one line for white cement in which it owns more than 90% market share. All four lines are owned assets of the Company. Total installed capacity for clinker production as at June 30, 2023 is 7,800,000 tons annually.
The Company markets and sells its products all over Pakistan with market presence mainly in North and Central regions. The Company also exports cement to Afghanistan, Middle East and other African countries.
LEADING EDGE INNOVATIVE
INITIATIVES
Today with a current clinker production capacity of 23,666 tons, per day we stand as the largest single cement manufacturing unit at single site in Pakistan. Our production plants are powered by cutting edge technology that helps us dominate local & International markets.
Maple Leaf Cement has at present two separate plants for Grey and White Cement; each with dedicated production lines within the same facility that ensure a continuous supply of cement 24/7-330 days a year.
We have kept ourselves abreast of global improvements in the cement manufacturing technologies and processes. Staying true to our mantra of technological excellence, another state-of-the-artfuel-efficient dry process plant based on the Sinoma Plant Technology has been added to the existing production facilities. The Company enhanced the total clinker production capacity to approximately 7.80 million tons annually.
FLSmidth is a global engineering company based in Copenhagen, Denmark which is a leading provider of one- source cement production plants worldwide and has a presence in more than 40 countries.
MLCFL has a team of 1,610 professionals and highly skilled workers that make us what we are today. The Company enriches and nurtures its employees by capitalizing and promoting their independent individuality, personality and competence to reach greater heights of logic, reasoning, professionalism and emotional grooming. Active Management Trainee Officer, trainee and internship programs and employing fresh graduates are all insightful initiatives taken by the Company to fully grasp and appreciate their fresh ideas and perspective towards key business issues for an overall innovative outcome.
NATURALLY
ENRICHED
Our factory is situated at Daud Khel, Punjab, near the Salt Range, it is surrounded by the finest quality of raw materials; limestone, clay and sand. These valuable resources are quarried from the mineral rich mountain ranges located at our manufacturing site. To ensure uninterrupted supply, the Company has strategically built separate production plants for Grey and White Cement in this area.
HIGH, RIGHT
we provide the highest level
of reliability to you
6
Attention: This is an excerpt of the original content. To continue reading it, access the original document here. |
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Maple Leaf Cement Factory Limited published this content on 21 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 September 2023 08:04:05 UTC.