Hafiz : TRANSMISSION OF QUATERLY ACCOUNTS FOR THE PERIOD ENDED 31-03-2022

COMPANY INFORMATON

Board of Directors	:	Muhammad Farooq Usmani	Chairman
:	Fakhruddin Usmani	CEO & Executive Director
:	Quamruddin Osmani	Executive Director
:	Huma Javaid	Independent Director
:	Kamran Ahmed	Independent Director
:	Mahmood Wali Muhammad	Non-Executive Director
:	Muhammad Shazad Fakir	Non-Executive Director
Board of Audit Committee
Chairman	:	Mahmood Wali Muhammad
Members	:	Muhammad Farooq Usmani
Muhammad Shazad Fakir

Board of Human Resource Committee

Chairman MembersChief Financial Officer Company Secretary Bankers

AuditorsShares RegistrarRegistered Office

• : Huma Javaid

• : Fakhruddin Usmani Quamruddin Osmani

• : Muhammad Shahid Siddiqui

• : Ali Muhammad Usmani

• : Habib Metropolitan Bank Ltd.

• : HBL Bank Limited

• : MIB-MCB Islamic Bank Limited

• : National Bank of Pakistan

• : MAZARS M.F. & Co. Chartered Accountants, Karachi.

• : F.D. Registrar Service (SMC-Pvt) Ltd. 170-5, 17th Floor, Saima Trade Tower-A I. I. Chundrigar Road, Karachi-74000

• : 97, Alliance Building, 2 nd Floor, Moolji Street, Mereweather Tower, Karachi-74000.

  Mill at Website

• : D-9, S.I.T.E., Karachi.

• : www.hafiztm.com [e-mail]

DIRECTOR'S REVIEW

The Directors of your company are pleased to present their 3rd Quarter un-audited Accounts for the period ended March 31, 2022.

The country's climate is getting worse day by day, for which trees must be planted. The increasing severity of floods and silting of dams is leading to decrease in their storage capacity as a result of deforestation.

In the future, the water crisis will more serious than the load shedding crisis. While the load shedding crisis has been somewhat overcome, our transmission lines are worn out which causes the entire power system to keep on tripping. Timely action is needed to address this issue so that the requirements of the growing population can be fulfilled. Today there continues to be load shading despite having no shortfall. Thus, even if we were able to generate more electricity, load shedding would still not be reduced because of the lack of capacity in the transmission system.

Our commercial banks should invest in the SME sector. Projects like the Benazir Income Support Fund will not end poverty, but may rather create a huge population of poor people that are dependent on social welfare. Dr Younus's microfinance model can be implemented to revive the country's economy.

The Board would like to thank all of their stakeholders, employees, shareholders, bankers and any others for their support and loyalty. Such support is required to not only meet normal commercial challenges but also those posed by security issues and tough economic conditions.

We continue to pray to Allah for the success of your Company and for the benefit of all stakeholders, and the country in general..

FOR AND ON BEHALF OF THE BOARD

Muhammad Farooq Usmani

Fakhruddin Usmani

Chairman

CEO

Karachi:

26th April, 2022

BALANCE SHEET (UN-AUDITED)

AS AT MARCH 31, 2022

ASSETS

NON-CURRENT ASSETS Property, plant and equipment Investment property

Long term investments

Note

(Un-audited)	(Audited)
March 31,	June 30,
2022	2021

--------- Rupees --------

5 6

5,430,723 510,096,100 1

6,453,319 498,541,808 1

CONTINGENCIES AND COMMITMENTS

TOTAL EQUITY AND LIABILITIES

The annexed notes form an integral part of these condensed

515,526,824	504,995,128
24,939,266	33,988,870
1	1
540,466,091	538,983,999
2,000,000 (June 30, 2021: 2,000,000) Ordinary Shares of Rs. 10/- each	20,000,000	20,000,000
Issued, subscribed and paid up capital:
1,200,000 (June 30, 2021: 1,200,000) Ordinary Shares of Rs. 10/- each	12,000,000	12,000,000
Reserves	512,846,659	514,934,109
524,846,659	526,934,109
NON-CURRENT LIABILITY
Deferred liability - Gratuity	397,010	360,473
CURRENT LIABILITIES
Trade and other payables
Unclaimed dividend
15,222,422	11,689,417
540,466,091	538,983,999
-
-

Bank balances - current account

CURRENT ASSETS Short term investments Trade debts

Loans and advances Short term deposits Taxation - net

Net assets in Bangladesh

TOTAL ASSETS

7

14,752,565 - 449,026 1,028,845 3,996,124 4,712,705

24,424,070 - 449,026 1,028,846 2,097,176 5,989,752

EQUITY AND LIABILITIES

Authorized Capital:

10,943,108 4,279,314

7,807,830 3,881,587

8

26th April, 2022.

CFO

CEO

Director