Sapphire Fibres : Transmission of Annual Report for the Year Ended 2022-06-30 REVOKED
October 05, 2022 at 01:32 am EDT
Share
ANNUAL REPORT 2022
Reliance Cotton Spinning
Mills Limited
CONTENTS
Company Information
Directors' Profile
Vision and Mission
Notice of Annual General Meeting
Review Report by Chairman
Directors' Report
Independent Auditor's Review Report on Code of Corporate Governance
Statement of Compliance with Code of Corporate Governance
Six Years at a Glance and Financial Highlights
Unconsolidated Financial Statements
Consolidated Financial Statements
Pattern of Shareholding
Jama Punji
Proxy Form
02
04
08
10
14
18
31
32
35
45
93
144
148
149
DIRECTORS'
PROFILE
4 Reliance Cotton Spinning Mills Limited
MR. SHAHID ABDULLAH
Chairman
Mr. Shahid Abdullah has been associated with Sapphire Group since 1980. Being a director of various companies of Sapphire Group, he has to plan and forecast for both long and short-term positions. He introduced new lines in the textile business like knitting, cone dyeing, fabric dyeing and finishing. He has achieved considerable experience of spinning, weaving, knitting, dyeing, finishing and power generation. He has experience and is competent in business dealings, especially for procurement of plant and machinery, raw material and other assets. He is well-versed in sales promotion and has successfully created goodwill for Sapphire products in local as well as in export markets. He holds a bachelor's degree in commerce from University of Karachi. He is serving as Chief Executive Officer of Sapphire Fibres Limited and Sapphire Electric Company Limited.
MR. SHAYAN ABDULLAH
Chief Executive
Mr. Shayan Abdullah has been the Chief Executive Officer of Reliance Cotton Spinning Mills Limited for the last 11 years. He has done Bachelor of Science in Business Management with concentration in Economics and Finance from USA. Additionally he has undertaken various professional courses from universities such as London School of Economics and Lahore University of Management Sciences. Before getting appointed as a director with Sapphire Fibres Limited, Mr. Shayan has worked at Executive levels with other Group Companies. He oversees raw material procurement, accounts and marketing for spinning divisions of Sapphire Fibres Limited and Amer Cotton Mills Limited.
Annual Report 2022 5
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original Link
Original Document
Permalink
Disclaimer
Sapphire Fibres Ltd. published this content on 05 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 October 2022 05:31:05 UTC.
Sapphire Fibres Limited is a Pakistan-based company that is engaged in the manufacturing and sale of yarn, fabrics and garments. The Company's segments include Spinning; Knitting, processing and garments; Denim, and Power. Its products include yarns, wovens, knits and home textiles. The Company specializes in a variety of home textile made ups, such as sheet sets, quilt/duvet covers, bed skirts, shams, pillowcases, comforters, curtains, table covers and aprons, among others. Its yarn product range consists of a variety of ring spun, compact spun, open end, dyed and bleached yarns in various counts. Along with basic cotton and polyester cotton (PC) yarns, the Company also offers specialized yarns for niche market including MVS, Coolmax, Fortrel, Tencel, Modal, melange, slub yarns and core spun Lycra yarns. It has a production capacity of approximately five million kilograms (kg) of yarn per month. The Company's woven products include greige woven fabrics and finished woven fabrics.