Slide 1: Trust Modaraba Corporate Briefing Session
TRUST MODARABA CORPORATE BRIEFING SESSION 15! OCTOBER 2024
Slide 2: About us
About us Trust Modaraba commenced its operations in 1991. The aim of Modaraba is to play its due role in the transformation of the country's financial system in conformity with principles enshrined in the Shariah by providing Riba-free investment and financing opportunities aimed at the socio-econom
Slide 3: Branches
BRANCHES:- KARACHI Head Office : 104-106, Kassam Court, BC-9, Block-5, Clifton, Karachi, Pakistan. Tel: +92(021) 35893369,35873373 E-mail: info@trustmodaraba.com LAHORE Regional Office: 320, 3rd Floor, Garden Heights, 8-Aibak Block, New Garden Town, Lahore, Pakistan. Tel: +92(042) 35941957, 35941958
Slide 4: Business Activities of Trust Modaraba
BUSINESS ACTIVITIES OF TRUST MODARABA. IJARAH. DIMINISHING MUSHARAKAH. MUSHARAKAH. MURABAHAH. EQUITY INVESTMENT.
Slide 5: Financial Performance
FINANCIAL PERFORMANCE
Slide 6: Key Operating & Financial Data for the Last Three Years
KEY OPERATING & FINANCIAL DATA FOR THE LAST THREE YEARS Rs. In million 2024 2023 2022 Balance Sheet items Total assets 414.35 388.75 415.58 Financing portfolio 408.22 376.26 348.53 Total Liabilities 70.48 68.75 94.53 Paid-up Capital 298.00 298.00 298.00 Net Equity 343.87 320.01 321.05
Slide 7: Key Operating & Financial Data for the Last Three Years
KEY OPERATING & FINANCIAL DATA FOR THE LAST THREE YEARS Rs. In million 450.00 400.00 350.00 300.00 250.00 200.00 150.00 100.00 50.00 - Financing Total Assets Total Liabilities Paid-up Capital Net Equity Portfolio 2024 414.35 408.22 70.48 298.00 343.87 2023 388.75 376.26 68.75 298.00 320.01 2022 415.
Slide 8: Key Operating & Financial Data for the Last Three Years
KEY OPERATING & FINANCIAL DATA FOR THE LAST THREE YEARS Rs. In million 2024 2023 2022 Income Statement Income 68.47 38.43 58.31 Operating expenses 38.91 37.28 43.47 Profit before management fee 29.56 1.14 14.84 Profit/(Loss) after taxation 21.23 (0.073) 11.36 Net Profit margin 34% - 15% Return on eq
Slide 9: Key Operating & Financial Data for the Last Three Years
KEY OPERATING & FINANCIAL DATA FOR THE LAST THREE YEARS Rs. In million 80 70 60 50 40 30 20 10 0 -10 Profit/(Loss) after Income Operating Expenses Profit before mgt fee taxation 2024 68.47 38.91 29.56 21.23 2023 38.43 37.28 1.14 (0.073) 2022 58.31 43.47 14.84 11.36
Slide 10: Credit Rating
_ CREDIT RATING
Slide 11: VIS Rating Report Trust Modaraba
vis Credit Rating Company Limited www.vis.com.pk RATING REPORT ‘Trust Modaraba REPORT DATE: May 13, 2024 Latest Rating Previous Rating Rating Category Entity Entity RATING ANALYSTS: Entity BBB+/A-2 BBB+ /A-2 Zainab Imran Rating Date May 13, 2024 May 05, 2023 gainab.imran@vis. Rating Oudook Stable St
Slide 12: VIS Credit Rating Report: Key Rating Drivers
VIS credit Rating Company Limited MARAE NISLcomspke ‘Trust Modaraba TING RATION Trust Modaraba (TM) Since 2009, Trust Modazaba (I'M) has been managed by Al-Zamin Modaraba Management mas momporakd ® 1927 (Private) Limited (AZMM). TM is currently engaged in Tjarah, Morabaha, Mushrakah, and companiesan
Slide 13: VIS Credit Rating Report
VIS Credit Rating Company Limited www.vis.com.pk Whe teasing business for The last 42 years having held ery ienior assignments mir Bank. of Credir > Commerce International, United Kingdom. He has been the Chief Executive Officer of the Modaraba Jer more than ¥7 years. Fle has served as the Chairman,
Slide 14: VIS Report: Uptick in profitability on improved spreads
VIS Credit Rating Company Limited www.vis.com.pk Updck in profitability on che back of improved spreads OMEN 24 “Actual ‘Projections. Operating Revenue Boa 3a8 33.4 3a 38.6 ao ore TInceme oa financing 28.4 26.3 B27 385 aaa 6O7 640 = Short-Tenm Tavestment oo) oa O4 © ey Gs) 34 Ouhex Income 54 96 42.6
Slide 15: Way Forward
WAY FORWARD. 1) To increase the operational base of the Modaraba through resource mobilization and recovery of funds stuck in legal cases 2) Given the economic challenges and political uncertainly, Trust Modaraba shall pursue even more carefully, its prudent business policies to build solid foundati
Slide 16: Thank You
THANK YOU
Slide 17: Q & Ans.
Q & Ans.