Indus Dyeing & Manufacturing : Transmission of Annual Report for the Year Ended 2022-06-30
December 28, 2022 at 06:40 am EST
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INDUS DYEING & MANUFACTURING COMPANY LIMITED
CONTENTS
Company Information
02
Vision and mission statement
04
Chairman's review
05
Directors' review
06
Key operating and financial results
11
Pattern of holding of shares
12
Statement of compliance with the code of corporate governance
14
Notice of annual general meeting
16
Independance Auditor Review Report
21
Auditor's review report to the members on statement of compliance
22
with best practices of code of corporate governance
Auditor's report
24
Unconsolidated statement of financial position
28
Unconsolidated statement of Profit & loss
29
Unconsolidated statement of comprehensive income
30
Unconsolidated cash flow statement
31
Unconsolidated statement of changes in equity
32
Notes to the unconsolidated financial statements
33
Urdu Director Review
165
Form of proxy
166
Dividend mandate form
168
Jama Punji
170
01
Annual Report 2022
INDUS DYEING & MANUFACTURING COMPANY LIMITED
COMPANY PROFILE
Board of Directors
1.
Mr. Naveed Ahmed
Chairman
2.
Mian Shahzad Ahmed
Chief Executive Officer
Mian Imran Ahmed
Mr. Kashif Riaz
Mr. Irfan Ahmed
Mr. Sheikh Shafqat Masood
Mrs. Fadia Kashif
Mr. Faisal Hanif
Mr. Aamir Amin (NIT)
Ms. Azra Yaqub Vawda
Audit Committee
1.
Mr. Faisal Hanif
(Chairman)
2.
Mr. Irfan Ahmed
(Member)
3.
Mr. Sheikh Shafqat Masood
(Member)
Human Resources and Remuneration Committee
1.
Mr. Faisal Hanif
(Chairman)
2.
Mrs. Fadia Kashif
(Member)
3.
Mr. Sheikh Shafqat Masood
(Member)
Company Secretary
Mr. Ahmed Faheem Niazi
Chief Financial Officer
Mr. Muhammad Waseem Umer
Chief Internal Auditor
Mr. Yaseen Hamidia
Legal Advisor
Mr. M. Yousuf Naseem (Advocates & Solicitors)
02
Annual Report 2022
INDUS DYEING & MANUFACTURING COMPANY LIMITED
Registered Office
Office # 508,
5th floor, Beaumont Plaza,
UAN:
111-404-404
Civil Lines Quarters, Karachi
Tel:
009-221-35693641-60
Symbol of The Company
IDYM
Website
http://www.Indus-group.com
Auditors
M/s Yousuf Adil
Chartered Accountants.
Registrar & Share Transfer Office
JWAFFS Registrar Services (Pvt) Ltd
407 -408, Al - Ameera Centre,
Tel.
35662023 - 24
Shahrah-e-Iraq, Saddar, Karachi.
Fax.
35221192
Factory Location
1
P 1 & P-5 S.I.T.E.,
Tel.
0223 - 886281 & 84
Hyderabad, Sindh.
2
Plot No. 3 & 7, Sector-25
Tel:
021 -
35061577-9
Korangi Industrial Area, Karachi.
3
Muzaffergarh, Bagga Sher,
Tel.
0662 -
490202 - 205
District Multan.
4
Indus Lyallpur Limited
Tel.
041 -
4689235 - 6
38th Killometer, Shaikhupura Road,
District Faislabad
5
Indus Home Limited
UAN
111-404-405
2.5 Killometer,
Tel.
042-35385021-7
Off Manga Raiwind Road,
Manga Mandi. Lahore
6
Indus Wind Energy Limited
UAN
111-404-404
Deh Kohistan 7/3 & 7/4,
Tel.
021-3569654 (EXT - 177)
Tapo Jangshahi,
Taluka & District Thatta.
03
Annual Report 2022
INDUS DYEING & MANUFACTURING COMPANY LIMITED
INDUS DYEING & MFG. CO. LIMITED
VISION
To be leading and diversified company, offering a wide range of quality
products and services
MISSION
We aim to provide superior products, Financial security, performance and service quality that fully meet the needs of our customers and to maintain the financial strength of the company
04
Annual Report 2022
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Indus Dyeing & Manufacturing Co. Ltd. published this content on 27 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 December 2022 11:19:45 UTC.
Indus Dyeing & Manufacturing Company Limited is a Pakistan-based holding company. The principal activity of the Company is manufacturing and sale of yarn. The Company offers a range of products, which include Cotton Grinning and Yarns. The Company's yarns include regular carded and combed yarns, siro (chain) yarns, melange, core-spun yarns, slub, zero twist, bamboo/cotton blends and compact. The manufacturing facilities of the Company are located in Karachi, Hyderabad and Muzaffargarh. The Company's subsidiaries include Indus Lyallpur Limited (ILL), which is engaged in the manufacturing and sale of yarn; Indus Home Limited (IHL), which manufactures and exports the greige and finished terry cloth, and other textile products, and Indus Wind Energy Limited (IWEL), which is engaged in generating and sale of electricity to national grid. It also acts as commission agent to generate sales orders in the textile sector, through Indus Home USA Inc.