Ahmad Hassan Textile Mills : Transmission of Annual Report for the Year Ended 2023-06-30

34th Annual Report

of

Ahmad Hassan Textile Mills Limited

for the year ended June 30, 2023

		Ahmad Hassan Textile Mills Limited
CONTENTS
VISION STATEMENT	3
COMPANY INFORMATION	4
NOTICE OF ANNUAL GENERAL MEETING	5
CHAIRMAN'S REVIEW	8
DIRECTOR'S REPORT	9
DIRECTOR'S REPORT (URDU)	13
TWO YEARS GROWTH AT GLANCE	17
CODE OF CORPORATE GOVERNANCE
-	REVIEW REPORT	18
-	STATEMENT OF COMPLIANCE	19
INDEPENDENT AUDITOR'S REPORT	21
STATEMENT OF FINANCIAL POSITION	25
STATEMENT OF PROFIT OR LOSS	26
STATEMENT OF COMPREHENSIVE INCOME	27
STATEMENT OF CHANGES IN EQUITY	28
STATEMENT OF CASH FLOW	29
NOTES TO THE FINANCIAL STATEMENTS	31
PATTERN OF SHAREHOLDING	61
CATEGORIES DETAIL	62
JAMA PONJI	63
FORM OF PROXY	64
ELECTRONIC MANDATE FORM	65

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Ahmad Hassan Textile Mills Limited

VISION

To be a world class and leading organization continuously providing high quality textile products.

MISSION

To be a model diversified textile organization exceeding expectations of all stakeholders. We will achieve this by utilizing best blend of state-of-the-art technologies, excellent business processes, high performing people, and synergetic organizational culture.

CORE VALUES

Our success will not be a matter of chance but of commitment to the following enduring beliefs and values that are engrained in the way we think and take actions to pursue a climate of excellence:

Integrity & Ethics: Integrity, honesty and high ethical, legal & safe standards are corner stones of our business practices.

Quality: We pursue quality as a way of life. It is an attitude that affects everything we do for relentless pursuit of excellence. Our aim is to achieve and sustain good reputation in both domestic and international market by manufacturing quality yarn / fabric with organized training and implementation of quality system as per our valued customers needs to ensure the achievement of our aim.

Social Responsibility: We believe in respect for the community and preserving the environment for our future generations and keeping National interests paramount in all our action.

Learning & Innovations: We embrace lifelong learning and innovation as an essential catalyst for our future success. We believe in continuous improvement and to seize opportunities inherent in change to shape the future.

Team Work: We believe that competent and satisfied people are the company's heart, muscle and soul. We savors flashes of genius in organization's life by reinforcing attitude of teamwork and knowledge sharing based on mutual respect, trust and openness.

Empowerment : We flourish under and ecosystem of shared understanding founded on the concept of empowerment, accountability and open communication in all directions.

STRATEGIC PLAN

To achieve the above objectives, the Company has made strategic plans to enhance and upgrade its installed capacity to maintain and expand its market. Further plans are to excel in social responsibilities by implementing related projects and community developments.

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Ahmad Hassan Textile Mills Limited

COMPANY PROFILE

BOARD OF DIRECTORS
Chairperson	Mrs. Salma Javed	Non-Executive Director
	Mian Muhammad Javed	Executive Director
Directors	Mr. Muhammad Haris	Executive Director
	Mrs. Bushra Ali	Non-Executive Director
	Mr. Haseeb Haris Mughal	Non-Executive Director
	Mr. Muhammad Umar Farooq Janjua	Non-Executive Director
	Mr. Ali Kamal	Independent Director
	Mr Nazir Ahmad Khan	Independent Director
AUDIT COMMITTEE
Chairman	Mr. Nazir Ahmad Khan	Independent Director
Members	Mrs. Salma Javed	Non-Executive Director
	Mr. Haseeb Haris Mughal	Non-Executive Director
HR & R COMMITTEE
Chairman	Mr. Nazir Ahmad Khan	Independent Director
Members	Mrs. Salma Javed	Executive Director
	Mr. Muhammad Haris	Non-Executive Director
CHIEF FINANCIAL OFFICER	Jamal Ahmed
HEAD OF INTERNAL AUDIT	Rao Saqib Ali
COMPANY SECRETARY	Muhammad Nafees Ahmad Rahi
AUDITORS	M/s Yousuf Adil (Chartered Accountants)
BANKERS	Bank Al-Habib Limited
	Allied Bank Limited
	Bank Al-Falah Limited
	Soneri Bank Limited
	National Bank of Pakistan
	Dubai Islamic Bank Pakistan Limited
REGISTERED OFFICE	46 - Hassan Parwana Colony,
	Multan.
MILLS	M.M. Road, Chowk Sarwar Shaheed,
	Distt. Muzaffargarh.
SHARES REGISTRAR	M/s Vision Consulting Limited
	5-C, LDA Flats, Lawarnce Road,
	Lahore.

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