Equity Modaraba First : Corporate Briefing Session

FIRST EQUITY MODARABA

Corporate Briefing session

Managed by :

PREMIER FINANCIAL SERVICES (PVT) LTD

MISSION AND VISION

First Equity Modaraba

is committed to strive for excellence

in all areas of its activities.

We view our business objective

of providing distinctive financial products

and services that promote commerce and industry

within the context of our overall objective of contributing of the nation's prosperity

CORPORATE INFORMATION

Modaraba Company

Premier Financial Services (Pvt) Ltd

Board of Directors

Mr Qaiser Ahmed Magoon - Independent Director

Ms Alizeh Bashir - Non Executive Director

Mr Nadeem Maqbool - Non Executive Director

Mr Adil A Ghaffar - Chief Executive Officer & Director

Key Management personals

Adil A Ghaffar	- Chief Executive Officer
Qazi Obaid Ullah	- Company Secretary &
	Chief Financial Officer
Mr Sultan Nayani	- Compliance Officer
Mr Sheraz Lakhani	- Equity Trader
Mr Sabir Ansari	- Brokerage Back Office Incharge

Registered and Business address

B-1004, 10th Floor		Room No 503-504, 5Th Floor
Lakson Square Building # 3		Karachi Stock Exchange
Sarwar Shaheed Road		Building I. I. Chundrigar Road
Karachi		Karachi
Tel : [phone]		Tel : [phone]
Fax : [phone]		Fax : [phone]

e-mail : [e-mail]

Web Site - www.firstequitymodaraba.com.pk

SHARIAH ADVISOR

Mufti Abdul Qadir

Auditors

Crowe Hussain Chaudhury & Co

Chartered Accountants

Registrar

THK Associates (Pvt.) Ltd.

General Counsel

Moshin M. Tayebaly & Co.

LEGAL STATUS AND NATURE OF BUSINESS

First Equity Modaraba (FEM) was formed in 1991 under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and the Rules framed there under.

FEM is managed by Premier Financial Services (Private) Limited (PFSL) (the Modaraba Management Company) a company incorporated in Pakistan and registered with the Registrar Modaraba, SECP under the Modaraba Ordinance.

PFSL derives its board from the Crescent Group, with direct involvement in more than twenty business sectors. This cross-sectoral expertise, enhanced by other linkages, is an invaluable base for informed decision making. FEM's professional management draws on this unique resource to make optimal use of its charter.

The FEM is a perpetual, multipurpose modaraba and is able to undertake a variety of fund and fee based activities. These include trading, manufacturing, equity investment, brokerage, agent and their financing and facilitation.

The FEM is listed on Pakistan Stock Exchange Ltd

LEGAL STATUS AND NATURE OF BUSINESS

The FEM is holding Trading Right Entitlement Certificates holder (TREC) of the Pakistan Stock Exchanges Ltd and since 2002 operating its brokerage activities in Karachi and is registered with SECP under Securities Brokers (Licensing and Operations) Regulations, 2016.

FEM also hold membership of Pakistan Mercantile Exchange Limited formally National Commodity Exchange Limited.

The FEM wholly owned subsidiary companies are (1) Equity Textiles Limited (a spinning unit with more than 25,000 spindle located at Nooriabad, Karachi), (2) Capital Financial Services (Private) Limited (Brokerage House) and (3) Apex Financial Services (Private) Limited (Brokerage House)

FEM initial paid-up capital fund was Rs. 200 have increased to Rs 524 million by stock dividends of Rs 62 million and issuance of Right certificate of Rs 262 million. The Modaraba has so far distributed Rs. 62 million in stock dividends and Rs. 544 million in cash dividends.

BUSINESS INFORMATION

Finance /Participation	Working capital transactions under
	Morabaha, musharaka, term and lease
	and other Shariah base finance and
	facilitation
Corporate Brokerage	Capital market transactions for
	corporate as well as individual clients
	through stock exchange
Corporate Finance	Capital and transaction structuring,
	acquisition, privatization, divestitures,
	underwriting, placement, arrangement
Portfolio Management	Equity, non-equity

LIST OF ASSOCIATED AND GROUP COMPANIES

1. Ahsan Associates (Pvt)Ltd.
2. Altern Energy Limited
3. Amin Bashir C.G.P.F & Oil Mills Ltd.
4. Apex Financial Services (Pvt) Limited
5. Capital Financial Services (Pvt) Limited
6. Crescent Bahuman Limited
7. Crescent Cotton Mills Ltd.
8. Crescent Fibres Limited
9. Crescent Powertec Ltd.
10. Crescent Steel & Allied Products Limited

1. Equity Textiles Limited
2. Mohammad Amin Mohammad Bashir Inter (Pvt) Ltd.
3. Mohammad Amin Mohammad Bashir Limited
4. Premier Financial Services (Pvt) Limited
5. Premier Insurance Ltd
6. Shakarganj Food Products Limited
7. Shakarganj Limited
8. Shams Textile Mills Limited
9. Suraj Cotton Mills Limited.
10. The Crescent Textile Mills Limited

MAJOR ACHIEVEMENTS AND AWARDS

Listed 16th in the top 25 best companies of Karachi Stock Exchange for the year 2004

Declared second best Modaraba in the sector 2003

and best Modaraba in 2004

PATTERN OF CERTIFICATE HOLDING

As On December 31 2021

Particulars	No of Folio	Balance Share	Percentage
DIRECTORS, CEO & CHILDREN	6	852,722	1.626
ASSOCIATED COMPANIES	5	12,214,893	23.293
NIT & ICP	2	1,700	0.003
BANKS, DFI & NBFI	9	58,122	0.111
INSURANCE COMPANIES	4	1,323,409	2.524
MODARABAS & MUTUAL FUNDS	31	550	.001
GENERAL PUBLIC (LOCAL)	3602	31,065,646	59.240
GENERAL PUBLIC(FOREIGN)	1139	963,621	1.838
OTHERS	34	5,959,337	11.364
Total	4804	52,440,000	100.000