CONTENTS
1.Company Overview
- Business & Financial Analysis
- Operating Results & Overview
- Financial Results & Overview
5. Auditors' Report & Future Outlook
- Key Factor to be considered
- Question & Answer
Company Information
BOARD OF DIRECTORS
Mr. Saleem Zamindar | Chairman / Director |
Mr. Dinshaw H. AnKlesaria | Director |
Mr. Shams Ghani | Director |
Mr. Muhammad Jamshid Malik | Director (Resigned on February 23,2023) |
Miss. Sadia Moin | Director |
Mr. Muhammad Saleem Mangrio | Director |
Mr. Abdul Qayyum Khan Abbasi | Director |
Mr. Muhammad Omar Arshid | Director (Appointed on March 15,2023) |
AUDIT COMMITTEE | |
Miss. Sadia Moin | Chairperson |
Mr. Saleem Zamindar | Member |
Mr. Muhammad Saleem Mangrio | Member |
HR COMMITTEE | |
Mr. Abdul Qayyum Khan Abbasi | Chairman |
Mr. Muhammad Omar Arshid | Member |
Mr. Shams Ghani | Member |
CHIEF EXECUTIVE OFFICER
Mr. Mansoor Afzal Subzwari
CHIEF FINANCIAL OFFICER
Mr. Shams Ghani
COMPANY SECRETARY
Mr. Muhammad Yousuf Qureshi
STATUTORY AUDITOR
UHY Hassan Naeem & Co.
Chartered Accountants
LEGAL ADVISOR
Mr. Muhammad Jamshid Malik
REGISTRAR
M/s. JWAFFS Registrar Services (Pvt.) Ltd.
407-408 Ameera Centre
Shahrah-e-Iraq, Saddar, Karachi-74400
REGISTERED OFFICE
41-K,Block-6, P.E.C.H.S., Karachi Phone : 0092-21-35303291-2
www.Sakrandsugar.com
FACTORY ADDRESS
Deh Tharo Unar, Taluka Sakrand District Shaheed Benazir Abad, Sindh
INTRODUCTION
Sakrand Sugar Mills Limited was incorporated in Pakistan as a public limited company under the Companies Ordinance, 1984 [Repealed with the enactment of Companies Act, 2017], on March 02, 1989 and its shares are quoted on Pakistan Stock Exchange.
The registered office of the Company is situated in 41-K,Block-6, P.E.C.H.S, Karachi while the Company's mill is situated at Deh Tharo Unar, Taluka Sakrand, District Shaheed Benazirabad, Sindh, Pakistan, having an area of 102.18 acres.
The Principal business of the Company is the manufacture and sale of sugar. Its Principal activities includes Manufacture and sale of Sugar, Molasses, Bagasse and Compost Fertilizer.
The Sugar plant has a Crushing capacity of 6,500 matric tons of sugarcane per day.
ABOUT THE ECONOMY & INDUSTIRES
Currently, Pakistan is termed as amongst top 20 countries in terms of area under cultivation of the sugar cane crop, and production. Sugar cane is the primary raw material for production of sugar. After Textiles, sugar industry in Pakistan is the largest agro based industry, Pakistan is an agricultural country, and agriculture is the backbone of economy. Pakistan is one of the main producers of sugar worldwide.
During the year under review sugar production in country was 7.9 million metric tons, 38% higher as compared to previous year. This production was recorded as the highest of sugar production in Pakistan, Whereas national sugar consumption is around 6.8 million metric tons and created surplus. PSMA consistently tried for export permission but of no avail which led to huge pile up for sugar stock in the domestic market.
The 2022-23 sugarcane harvested area is slightly reduced in province of Sindh due to the impacts of the recent flooding in key production areas. While sugarcane is more resilient to flooding than other crops, the persistence of standing water and stalk lodging is expected to disrupt cane collection in Sindh province. As a result, estimated harvested area is reduced and the forecast for sugarcane production is lowered as compared to previous season. Similarly, with the expected decline in cane output, the cane sugar production will also be reduced while comparing to previous season.
During the last crushing season, Pakistan finally completed successful implementation of the Track and Trace system in the sugar industry, hoping to bring large quantities of previously under reported sugar production into the documented economy.
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Sakrand Sugar Mills Ltd. published this content on 05 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 May 2023 09:48:11 UTC.