Financial Statements For The Period Ended September 30, 2022 (UNAUDITED)
FINANCIAL STATEMENTS FOR THE PERIOD ENDED SEPTEMBER 30, 2022 (UNAUDITED)
Financial Statements For The Period Ended September 30, 2022 (UNAUDITED)
COMPANY PROFILE
Board of Directors | |||
Khalid H. Shah | Chief Executive/ Director | Mahmooda Shah | Director |
Jazim Shah | Director / Chairman | S. Faisal Shah | Director |
Mohsin Khursheed | Director | Farooq Raza | Director |
Shaikh Abdus Sami | Director | ||
Board Audit Committee | |||
Mohsin Khursheed | Chairman | ||
Shaikh Abdus Sami | Member | ||
Mahmooda Shah | Member | ||
Human Resource Committee | |||
Mohsin Khursheed | Chairman | ||
S. Faisal Shah | Member | ||
Mahmooda Shah | Member |
Chief Financial Officer / Company Secretary
Ali Ahmar
Auditors
UHY Hassan Naeem & Co.
Legal Advisor
Maqsood Ahmad Bullo & Company
Advocate
Bankers | ||
MCB Bank Ltd | United Bank Ltd | Faysal Bank Ltd |
Summit Bank Ltd | Askari Bank Ltd | Meezan Bank Ltd |
Bank Al-falah Ltd | Bank Al Habib Ltd |
Registered Office/Factory
Plot # 23/C, 15th Commercial Street Phase II Extension, Defence Housing Authority, Karachi. Phone: (021) 35880771-2 Fax: (021) 35880773
E-mail: Inquiry@leatherupltd.com
Website: www.leatherupltd.com
Share Registrar Office
M/s C&K Management Associates (Pvt) Limited
404, Trade Tower, Abdullah Haroon Road, Near Hotel Metroplole, Karachi-75530 Phone: (021) 35687839- (021) 35685930
Financial Statements For The Period Ended September 30, 2022 (UNAUDITED)
DIRECTORS REPORT
The Directors of your Company have pleasure in submitting the report on condensed interim statements of accounts (unaudited) for the first quarter ended September 30, 2022.
Company Performance:
Company's net revenue for first quarter September 2022 is Rs. 10.676
million as compared to net revenue of Rs. 7.889 million of the corresponding period of last year. Whereas Loss before taxation of the company remained at Rs. 0.395 million only as compared to Profit before taxation Rs. 0.199
million of comparable period of last year.
Future Out look
In spite of various challenges, the company for its part remains focused on improving its operational efficiencies, exploring new markets, effectively minimizing the production costs and focusing on the right performance levers.
Despite uncertainty all over the world in general and leather industry in particular, the management of your company is very keen to safeguard the interest of shareholders of the company. We are trying our level best to remain stable in the current situation, and are making best efforts to have export orders of considerable value from its existing buyers/customers as well as exploring new markets in order to maintain its exports on upward trends. We do hope that the company would be able to make reasonable exports in the upcoming future. Company is aggressively participating in international forum to boost up the sales.
Thanks to our shareholders for their trust and support now as well as in difficult times
By order of the board
Karachi: October 29, 2022 | Khalid H. Shah |
(Chief Executive Officer) |
Financial Statements For The Period Ended September 30, 2022 (UNAUDITED)
۔ٹروپر زرٹکیرئاڈ
ریغب( تانایب یروبع ہدیجنس ےک سٹنؤاکا ےئل ےک یہام ہس یلہپ یلاو ےنوہ متخ وک 2022 ربمتس 30 زرٹکیرئاڈ ےک ینپمک یک پآ ۔ںیہ ےترک سوسحم یشوخ ںیم ےنرک شیپ ٹروپر رپ )ےئوہ ےھڑپ.
گدرکراک یک ینپمک
ےک تقو یسا لاس ےلھچپ وج یھت ےپور نیلم 10.676 یندمآ صلاخ یک ینپمک ںیم یہام ہس یلہپ یلاو ےنوہ متخ وک 2022 ربمتس
تدم یسا لاس ہتشزگ ہک وج اہر ےپور نیلم 0.395 فرص ناصقن لبق ےس سکیٹ اک ینپمک ہکبج ۔یھت ےپور نیلم 7.889 نارود
۔اھت ےپور نیلم 0.199 ںیم عفانم لبق ےس سکیٹ نارود ےک
ہیرظن اک لبقتسم ےقیرط رثؤم وک تگلا یراوادیپ ، شلات یک ںویڈنم یئن ، ےنانب رتہب وک ںوتیحلاص لنشیرپآ ینپا ینپمک ، دوجواب ےک ںوجنلیچ فلتخم ۔ےہ زوکرم رپ ےنرک زوکرم ہجوت ینبم رپ یگدرکراک حیحص روا ےنرک مک ےس.
صصح ےک ینپمک ماظتنا اک ینپمک یک پآ ، دوجواب ےک لاحتروص ینیقی ریغ ںیم ایند یروپ ںیم تعنص یک ےڑمچ رپ روط صاخ یروپ یک حطس ینپا ےئل ےک ےنہر مکحتسم ںیم لاحتروص ہدوجوم مہ .۔ےہ دنم شہاوخ تہب ےئل ےک ظفحت ےک تادافم ےک ناگتفای ھتاس ھتاس ےک ےنرک لصاح رڈرآ یدمآرب ےک تمیق ہاوخ رطاخ ےس نیفراص / ںورادیرخ ہدوجوم ےنپا روا ، ںیہ ےہر رک ششوک
- ےک شلات یک ںوٹیکرام یئن best مہ .۔ںیہ ےہر رک ششوک یروپ ےئل ےک ےنھکر رارقرب رپ تاناحجر ےک رپوا وک تادمآرب ینپا ںیم مروف یماوقلاا نیب ےئل ےک ےناھڑب وک تخورف ینپمک .۔یگ ےکس رک تادمآرب بسانم ںیم لبقتسم ہدنئآ ینپمک ہک ںیہ ےترک دیما
۔۔ےہ یہر ےل ہصح رپ روط ہناحراج.
۔ےس مکح ےک ڈروب
یچارک
29-10-2022
۔ہاش نیسح دلاخ ۔وٹکیزگیا فیچ
LEATHER UP LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT SEPTEMBER 30, 2022
UN-AUDITED | AUDITED | ||||
SEPTEMBER | JUNE | ||||
2022 | 2022 | ||||
ASSETS | ------- Rupees ------- | ||||
Non-current assets | 2,879,166 | ||||
Property, plant and equipment | 2,925,345 | ||||
Current assets | |||||
Stock-in-trade | 15,879,695 | 20,678,494 | |||
Trade debts | 135,461 | 7,754,644 | |||
Advances, deposits and other receivables | 3,454,779 | 3,339,207 | |||
Tax refunds due from government | 4,273,873 | 4,235,262 | |||
Cash and bank balances | 4,692,212 | 4,104,144 | |||
28,436,021 | 40,111,751 | ||||
Total assets | |||||
31,315,187 | 43,037,096 | ||||
EQUITY AND LIABILITIES | |||||
Share capital and reserves | |||||
Authorized capital | 60,000,000 | 60,000,000 | |||
6,000,000 (2020: 6,000,000) ordinary shares of Rs. 10/- each | |||||
Issued, subscribed and paid up capital | 60,000,000 | 60,000,000 | |||
Revenue reserves | |||||
General reserve | 1,369,610 | 1,369,610 | |||
Accumulated (losses) / profit | (39,143,093) | (38,616,908) | |||
(37,773,483) | (37,247,298) | ||||
Non-current liability | 22,226,517 | 22,752,702 | |||
1,890,572 | |||||
Staff retirement benefits - gratuity | 1,890,572 | ||||
Current liabilities | |||||
Loan from directors | 250,000 | 3,232,084 | |||
Trade and other payables | 5,317,747 | 12,547,747 | |||
Unclaimed dividend | 1,630,351 | 2,613,991 | |||
Contingency and commitments | 7,198,098 | 18,393,822 | |||
Total equity and liabilities | |||||
31,315,187 | 43,037,096 | ||||
The annexed notes form integral part of these financial statements
CHIEF EXECUTIVE | CHIEF FINANCIAL OFFICER | DIRECTOR |
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Leather Up Ltd. published this content on 31 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2022 04:28:04 UTC.