Chenab : TRANSMISSION OF ANNUAL REPORT FOR THE YEAR ENDED JUNE 30, 2020

Contents
Com pany Information	01
Vision and Mission Statements	02
Financial Highlight s	03
Notice of Annual General Meeting	04
Director's Report to the Members	06
Director's Report in Urdu	09
Auditor's Report to members	12
Balance Sheet	16
Profit & Loss Account	18
Statement of Comprehensive Income	19
Cash Flow Statement	20
Statement of Changnig in Equity	22
Notes to the Financial Statement	23
Pattern of Shareholding (Ordinary Shares )	57
Pattern of Share holding ( Preference Shares )	59
Form of Proxy	60

Company Information

Chairman

ChiefExecutive

Directors

Nominee Director

Major Bankers

Chief Financial Officer

Company Secretary

Auditors

Shares Registrar

Registered Office

Website Address

Works

Mian Muhammad Latif
Muhammad Naeem
Mian Muhammad Javaid Iqbal
Mr. Muhammad Faisal Latif
Mr. Tariq Ayoub Khan
Mr. Masood UI Hassan
Mr. Muhammad Hashim
Mr. Muhammad Salman Javed
Mrs. Sabia Chughtai
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
Silk Bank Limited.
Standard Chartered Bank (Pakistan) Limited.
The Bank of Punjab.
United Bank Limited.
Mr. Faisal Ali Sarwar
Muhammad Arshad
Yousaf Adil
Chartered Accountants.
F.D. Registrar Services (SMC-Pvt.) Limited
Office # 1705, 17th Floor, Saima Trade
Tower-A, I.I. Chundrigar Road, Karachi.
Tel:[phone]
Nishatabad, Faisalabad.
Tel:[phone]
Fax:[phone]
[e-mail]
www.chenabgroup.com
-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 ear n profit s by achieving optimum level of production by using stat e of are technologies.

. To provide ideal work i ng 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 citizen

Fianancial Highlights

Operational performance	2020	2019	2018	2017	2016	2015	2014
Sales-net
	-		2,007,632		915,910		1,764,452		2,007,632		2,213,846		2,265,551
Cost of sales		-		2,259,157		1,081,015		2,493,141		2,259,157		2,575,659		2,515,062
Gross profit		-		(251,525)		(165,105)		(728,689)		(251,525)		(361,813)		(249,511)
Operation (loss) / profit		-	(99,201)	(303,610)	(868,913)	(99,201)	(206,345)	(129,634)
Loss/Profit before taxtion		(81,248)	(379,230)	(261,067)	(970,676)	(379,230)	(466,824)	(389,041)
Loss/Profit after taxtion		(96,579)	(389,703)	(20,791)	(992,228)	(389,703)	(479,385)	(399,289)
Financial position

Property,Plant and equipment Capital work in progress

Long term deposits

Fixed capital expenditure

Total assets

Current asset Store,spare parts and

stocks in trade Other current assets Cash and cash equivalents

Total

Current liabilities

Short term bank borrowing Currant portion of long term

loans/morabaha

Other current liabilities

Total

Net working capital

Long term loans/Finance lease, morabaha

Shareholder's equity

Profiability analysis Gross profit to sale (%) Loss/Profit befor tax to sales (%) Loss/Profit after tax to sales (%) Return on Investment (%) Return on equity (%)

Earnings per share(Rupees)

Financial analysis

Current ratio(time) Debt to equity (time) Total Debt to Total Assets Total Debt to Fixed Assets

10,790,318

-

11,739

10,802,057

10,983,526

28,974

139,578

12,917

181,469

4,344,992

3,557,894

2,154,527

10,057,413

(9,875,944)

1,633,872

(727,461)

-

-

-

(0.88)

13.28

(0.84)

0.02

(7.14)

0.47

0.48

10,848,916

-

12,637

10,861,553

13,467,685

756,931

1,824,970

24,231

2,606,132

4,988,748

2,757,063

2,842,071

10,587,882

(7,981,750)

2,353,982

(877,879)

12,083,687

(12.53)

(18.89)

(19.41)

(2.89)

44.39

(3.39)

0.25

(5.82)

0.38

0.47

10,993,406

-

12,637

11,006,043

12,928,842

65,984

1,838,025

18,790

1,922,799

4,342,494

2,981,040

3,242,212

10,565,746

(8,642,947)

3,400,162

(1,047,380)

14,227,114

(18.03)

(28.50)

(2.27)

(0.16)

1.99

(0.18)

0.18

(6.09)

0.49

0.58

11,185,697

-

12,637

11,198,334

13,147,031

100,140

1,820,135

28,422

1,948,697

4,342,499

2,784,879

3,133,986

10,261,364

(8,312,667)

2,708,314

(6,547,438)

7,730,826

(41.30)

(55.01)

(56.23)

(7.55)

15.15

(8.63)

0.19

(0.84)

0.42

0.49

10,848,916		11,052,466		11,046,052
-		-		-
12,637		12,637		12,637
10,861,553		11,065,103		11,058,689
13,467,685	13,798,837	14,487,041
756,931		870,072		1,086,824
1,824,970		1,836,361		2,303,428
24,231		27,301		38,100
2,606,132		2,733,734		3,428,352
4,988,748		5,785,580		5,681,149
2,757,063		2,675,537		2,416,944
2,842,071		2,385,471		2,972,167
10,587,882	10,846,588	11,070,260
(7,981,750)	(8,112,854)	(7,641,908)
2,353,982	2,086,486	2,378,188
(5,588,895)	(5,244,931)	(4,781,852)
8,661,555	8,996,729	9,975,182
(12.53)	(16.34)	(11.01)
(18.89)	(21.09)	(17.17)
(19.41)	(21.65)	(17.62)
(2.89)	(3.47)	(2.76)
6.97	9.14	8.35
(3.39)	(4.17)	(3.47)
0.25	0.25	0.31
(0.91)	(0.91)	(1.00)
0.38	0.35	0.33
0.47	0.43	0.43