QUARTERLY ACCOUNTS FOR THE FIRST QUARTER ENDED SEPTEMBER 30, 2024 (UN-AUDITED)
ARUJ INDUSTRIES LTD. ARUJ INDUSTRIES LTD.COMPANY INFORMATION
Mr. Ali Maqsood Butt :
Mr. Faisal Khan :
Mr. SH. Ghulam Mustafa :
Mrs. Durray Zara Butt :
Dr. Aruj Butt :
Mr. Muhammad Sajjad Hussain :
Miss Amara Javid :
Chair Person Chief Executive Director Director Director Director Director
CHIEF FINANCIAL OFFICERMrs. Durray Zara Butt
COMPANY SECRETARYMr. Muhammad Sajjad Hussain
LEGAL ADVISORMr.Mian Waheed Akhtar,
Advocate High Court/ Supreme Court Lahore.
REGISTERED OFFICE2-KM Off Raiwind-Manga Road, Raiwind, Lahore.
Tel: (92 - 42) 35393125-6, 38102800
Fax: (92 - 42) 35393127
E-mail: info@aruj.com Website: https://www.aruj.com
SHARE REGISTRARSM/s. Corplink (Pvt.) Ltd. Wings Arcade, 1-K , Commercial Model Town Lahore.
Tel: 35839182, 35869037
AUDITORSM/s. Qadeer & Co. Chartered Accountants, 32-A Lawrence Road, Lahore.
AUDIT COMMITTEEMr. Muhammad Sajjad Hussain Mr. SH. Ghulam Mustafa Miss Amara Javid
Chairman Member Member
REGISTERED OFFICE HR & REMUNERATION COMMITTEE2-KM Off Raiwind-Manga Road, Raiwind, Lahore.
Tel: (92 - 42) 35393125-6, 38102800
Fax: (92 - 42) 35393127
E-mail: info@aruj.com Website: https://www.aruj.com
BANKERSBank Alfalah Limited. Habib Bank Limited. Bank of Punjab.
JS Bank Limited.
Habib Metropolitan Bank Ltd. Faysal Bank Limited.
Meezan Bank
Bank Al Habib
Mr. Muhammad Sajjad Hussain Dr. Aruj Butt
Miss Amara Javid
Chairman Member Member
ARUJ INDUSTRIES LTD.DIRECTOR'S REPORT
The Directors of Aruj Industries Ltd would like to present the unaudited accounts of the 1st Quarter ended 30th September, 2024. In brief, the results are as follows:
3 Months ended | 3 Months ended | |
Jul, 24 to Sep, 24 | Jul, 23 to Sep, 23 | |
Rupees | Rupees | |
In Million | In Million | |
Net Sale | 0.1918 | 116.592 |
Net Loss before Taxation | (12.096) | (30.299) |
Loss per Share | (1.16) | (3.04) |
As mentioned in the yearly report, your company was finding it extremely difficult to sustain. To minimise losses, we have halted production until we can find ways to start up again without such losses.
We are hoping for some respite on the end of interest rate cuts from the central bank, as they would greatly help in improving economic activity, and thus would also help us come back into productivity.
Currently, your company is also looking at diversifying into other, related business so that we can continue operations.
For and on behalf of the Board
Lahore:
29th August, 2025
FAISAL KHAN
(Chief Executive Officer)
2024 30
2023
2024
116.592
(30.299)
(3.04)
0.1918
(12.096)
(1.16)
2025
BALANCE SHEET AS AT SEPTEMBER 30, 2024
CAPITAL AND LIABILITIES SHARE CAPITAL AND RESERVES
104,578,900 | 104,578,900 |
100,000,000 | 100,000,000 |
98,619,866 | 97,058,538 |
(387,749,793) | (375,651,301) |
8,926,502 | 8,007,132 |
- | - |
48,663,059 | 48,663,059 |
676,379,586 | 676,379,342 |
- | |
6,178,852 | 8,543,630 |
6,006,540 | 6,006,540 |
293,234,332 | 294,948,708 |
2,290,218 | 2,290,218 |
7,926,512 | 7,926,512 |
4,480,872 | 4,478,474 - |
Authorised Capital 12,500,000 ordinary shares
(UN-AUDITED) (AUDITED) SEPTEMBER. 30, 2024 June 30, 2024
Rupees Rupees
of Rs. 10/- each | 125,000,000 | 125,000,000 |
Issued, Subscribed & Paid up Capital: | ||
Capital Reserve | ||
Director Loan | ||
Accumulated Loss | ||
(84,551,027) | (74,013,863) | |
NON-CURRENT LIABILITIES | ||
Liabilities against assets subject to | ||
finance lease | ||
Long Term Loan | ||
Deferred liabilities | ||
57,589,561 | 56,670,191 | |
CURRENT LIABILITIES: | ||
Short Term Finance | ||
Current maturity of | ||
Finance Lease | ||
Long Term Loan | ||
Trade and other payable | ||
Unclaim Dividend | ||
Accrued Markup of short term loans-secrued | ||
Provision for Taxation | ||
996,496,912 | 1,000,573,424 | |
CONTINGENCIES AND COMMITMENTS | - | - |
969,535,445 | 983,229,752 | |
PROPERTY PLAND AND EQUIPMENT | ||
Operating Fixed Assets - Tangible | ||
At Written down value | 376,115,304 | 383,663,6-71 |
CAPITAL WORK IN PROGRESS - P & M | - | - |
LONG TERM SECURITY DEPOSITS | 1,994,581 | 1,994,581 |
CURRENT ASSETS: | ||
Stores and spares | ||
Stock in trade | ||
Trade Debts | ||
Loan & Advances | ||
Trade deposits & Short Term pre-payments | ||
Other Receivable | ||
Cash and bank balances | ||
591,425,560 | 597,571,490 | |
TOTAL ASSETS | 969,535,445 | 983,229,752 |
8,399,795 | 8,399,795 |
79,623,207 | 79,679,076 |
311,456,168 | 318,120,039 |
160,626,842 | 160,576,842 |
- | - |
29,440,351 | 28,947,159 |
1,879,197 | 1,848,582 |
Chief Executive
Director
Chief Financial Officer
ARUJ INDUSTRIES LTD.CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN - AUDITED)
FOR THE PERIOD ENDED SEPTEMBER 30 ,2024
Jul-24 Jul-23
To To
Sep-24 Sep-23
Rupees Rupees
Sales - net | 191,800 | 116,592,514 | |
Less: Cost of sales | (9,195,480) | (138,709,828) | |
Gross Loss | (9,003,680) | (22,117,314) | |
Less: Operating expenses: | |||
Administrative and General | (2,328,371) | (7,099,177) | |
Selling and Distribution | - | (332,848) | |
(2,328,371) | (7,432,025) | ||
Operating profit / (loss) | (11,332,052) | (29,549,339) | |
Finance Cost | (764,043) | (749,968) | |
Add: Other income Workers' profit participation fund | (12,096,095) -(12,096,095) - | (30,299,307) -(30,299,307) - | |
Profit / (loss) before taxation | (12,096,095) | (30,299,307) | |
Provision for taxation | (2,398) | (1,457,406) | |
Profit / (loss) after taxation | (12,098,492) | (31,756,713) | |
Loss per share - basic & diluted | (1.16) | (3.04) |
Chief Executive
Director
Chief Financial Officer
ARUJ INDUSTRIES LTD.STATEMENT OF CASH FLOWS (UN-AUDITED) FOR THE 1ST QUARTER EDNED SEPTEMBER 30,2024
SEPTEMBER, SEPTEMBER, 2024 2023
Rupees Rupees
CASH FLOWS FROM OPERATING ACTIVITIES:
Loss before taxation (12,096,095) (30,299,307)
Adjustments for: Depreciation Financial Charges Gain on disposal of assets W.P.P.F | 7,548,367 764,043 - - | 8,296,670 749,968 - - | |
8,312,410 | 9,046,638 | ||
Cash Folw Before Working Capital Changes Working Capital Changes | (3,783,685) | 21,252,669 | |
(Increase) / Decrease in current assets Stores, spare parts and loose tools and | - | - | |
Stock in trade | 55,869 | 1,193,294 | |
Trade debts | 6,663,871 | (17,830,388) | |
Loan and advances Trade deposits and short prepayments Other Receivables Increase/ (decrease) in current liabilities Trade and other payables | (50,000) -(493,192) (1,714,376) | (11,661,309) -1,204,044 51,138,308 | |
4,462,172 | 24,043,949 | ||
Cash Generated fron Operations | 678,487 | 2,791,280 | |
Financial Cost Paid | (764,043) | (749,968) | |
Net Cash inflow /(outflow) from operating activities (85,556) 2,041,312
CASH FLOWS FROM INVESTING ACTIVITIES:
-
-
-
-
-
-
Security Deposits Fixed capital expenditure Capital Work In Progress
Net Cash inflow /(outflow) from
Investing activities - -
CASH FLOWS FROM FINANCING ACTIVITIES:
Long Term loans (Paid)/Received | - | - | |
Directors' loan | 1,561,328 | 2,750,000 | |
Payment of liabilities against assets | |||
subject to finance lease | (1,445,401) | (1,824,147) |
Net Cash inflow /(outflow) from
Financing activities 115,927 925,853
Net (Increase) / Decrease in cash and
cash equivalents 30,371 2,967,165
CASH AND CASH EQUIVALENTS AT
THE BEGINNING OF THE PERIOD | (674,530,760) | (672,430,602) | |
CASH AND CASH EQUIVALENTS AT | |||
THE END OF FIRST QUARTER | A | (674,500,389) | (669,463,437) |
A CASH AND CASH EQUIVALENTS | |||
Short term finance | (676,379,586) | (675,795,876) | |
Cash and Bank balances | 1,879,197 | 6,332,439 | |
(674,500,389) | (669,463,437) | ||
Chief Executive
Director
Chief Financial Officer
ARUJ INDUSTRIES LTD.STATEMENT OF CHANGES IN EQUITY (UN-AUDITED) FOR THE 1ST QUARTER EDNED
SEPTEMBER 30, 2024
Share Capital Rupees
Capital Reserves
Directors' Loan Rupees
Un-appropriat-ed Profit Rupees
Total Rupees
Rupees
Balance as at July 01.2023 104,578,900 100,000,000 94,308,538 (39,620,161) 259,267,277
Loan From Directors Transaction with Owners Net Loss for 3 Months upto September 30 , 2023 | 2,750,000 | (31,756,713) | 2,750,000 (31,756,713) | |||
Balance as at Sep 30.2023 | 104,578,900 100,000,000 97,058,538 | (71,376,874) | 230,260,564 | |||
Balance as at July 01.2024 | 104,578,900 | 100,000,000 | 97,058,538 | (375,651,301) | (74,013,863) | |
Loan From Directors | 1,561,328 | 1,561,328 | ||||
Transaction with Owners Net Loss for 3 Months | - | |||||
upto September 30, 2024 | (12,098,492) | (12,098,492) | ||||
Balance as at September 30.2024 | 104,578,900 100,000,000 98,619,866 | (387,749,793) | (84,551,027) | |||
These Accounts are un-audited and are being presented as required under the Companies Act 2017.
The accounting policies adopted for the preparation of the 1st Quarter Accounts are the same as those applied in the preparation of the preceding annual published accounts for the year ended June 30. 2024 of the company
Figures for previous period have been re-arranged where-ever necessary, for the purpose of comparison and have been rounded off to the nearest rupee.
Chief Executive
Director
Chief Financial Officer
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ARUJ INDUSTRIES LTD.
Raiwind, Lahore, Pakistan.
+92 42 38102800
+92 42 35393127 info@aruj.com
https://www.aruj.com