Bannu Woollen Mills Limited
Corporate Briefing Session
For the Year Ended
June 30, 2024
TO BEMARKET LEADERSINWOOLLEN/BLENDED FABRICS, BLANKETS &SHAWLS
Date : 20 November, 2024
Presented by : Mr. Azmat Khan
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CONTENTS
- Company Brief
- Overall Business Environment -Y 2024
- Financial Details
- Future challenges / prospects Questions &Answers
- Questions &Answers
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DISCLAIMER
This presentation has been prepared by Bannu Woollen Mills Limited (BWM) solely for information purpose. The information contained in this presentation should be considered in the context of the circumstances prevailing at the time and will not be updated to reflect any developments that may occur after the date of presentation.
During the course of this presentation we may make forward-looking statements regarding future events or the future performance of the Company. By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward looking statements may not be achieved.
Certain data presented here has been obtained from credible external sources believed to be reliable, but BWM doe not guarantee the accuracy or completeness of such information and disclaims all liability or responsibility for any loss or damage caused by any act taken as a result of the information.
When relying on forward looking statements you should carefully consider the political, economic, social and legal environment in which the Company operates. You agree to keep the contents of this presentation confidential. All or any part of this presentation may not be copied, reproduced, or redistributed for any purpose whatsoever. By attending this presentation, you are agreeing to be bound by the foregoing limitations.
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COMPANY BRIEF (June 30, 2024)
Bannu Woollen Mills Limited (the Company) was incorporated in Pakistan as a Public Company in the year 1960 under the Companies Act, 1913 (now the Companies Act, 2017) and its shares are quoted on Pakistan Stock Exchange Ltd. The Company is principally engaged in manufacture and sale of woollen yarn, cloth and blankets. Bibojee Group took-up the Company in 1964
Registered office: Mills Premises, | Retail outlet: Raja Bazar, |
D. I. Khan Road, Bannu | Rawalpindi |
Fixed Assets: Rs. 1.569 Billion | Staff Strength: 447 (Avg. 438) |
Customers base: Dealership Network & Retail Outlets (12
Dealers, 1 Retail outlet & 1 Fair Price Shop)
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BOARD MEMBERS
Name of Directors
Status
Lt. Gen. Ali Kuli Khan Khattak (Retd)
Non-Executive
Mrs. Shahnaz Sajjad Ahmad - CEO
Executive
Mr. Ahmad Kuli Khan Khattak - Chairman
Non-Executive
Dr. Shaheen Kuli Khan Khattak
Non-Executive
Brig Agha Arshad Raza (Retd)
Independent
Syed Zubair Ahmad Shah
Non-Executive
Mr. Abdul Rehman Qureshi
Independent
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BOARD COMMITTEES AND KEY MANAGEMENT PERSONNEL
BOARD COMMITTEES ALONGWITH MEMBERS | Chairman | |||
Mr. Ahmad Kuli Khan Khattak-Chairman BOD | ||||
BOARD AUDIT COMMITTEE | ||||
CEO | ||||
1. | Mr. Abdul Rehman Qureshi-Chairman | Mrs. Shahnaz Sajjad Ahmad | ||
2. Brig (R)Agha Arshad Raza -Member | ||||
3. | SyedZubair Ahmed Shah-Member | COO | ||
HUMAN RESOURCE & REMUNERATION COMMITTEE | Mr. Khalid Kuli Khan Khattak | |||
1. | Mr. Abdul Rehman Qureshi- Chairman | |||
2. | Lt. Gen. Ali Kuli Khan Khattak (Retd.) -Member | STATUTORY OFFICERS | ||
3. | Mr. Ahmad Kuli Khan Khattak-Chairman BOD | 1. | Mr. Azmat Khan- Asstt. COO/Company Secretary | |
4. | Mrs. Shahnaz Sajjad Ahmad- Member | 2. | Mr. Kaleem Aslam, MBA- CFO | |
5. | SyedZubair Ahmed Shah-Member | 3. | Mr. Salman Khan, ACA- HIA | |
6. | BrigAgha Arshad Raza (Retd.) -Member | |||
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ASSOCIATED COMPANIES
BiboJee
Group of
Companies
- Janana De Malucho Textile Mills Limited.
- Rahman Cotton Mills Limited.
- The Universal Insurance Co. Limited.
- Bibojee Services (Pvt) Limited.
- Gammon Pakistan Limited.
- Ghandhara Tyre & Rubber Co, of Pakistan Limited. ( formally known as The General Tyre and Rubber Company Ltd. )
- Ghandhara Automobiles Ltd. ( formally known as Ghandhara Nissan Ltd.)
- Ghandhara Industries Limited.
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OVERALL BUSINESS ENVIRONMENT - FY 2024
Business Overview
- Economic challenges:
- Low foreign exchange reserves.
- Significant increase in energy costs.
- Political instability .
- Economy Recovery in FY 2024
- GDP growth in later part of year.
- Government's fiscal & monetary policies: Restored market confidence and boosted growth across various sectors
- Improved current account balance
- Tighter monetary and fiscal policies
- Record agriculture production
- Stable currency
In this challenging environment, the Company is
endeavoring to:
- Operational efficiency and low costs
- Anticipated rise in revenues (mainly volumetric)
- Value to its shareholders.
- Response to the changing dynamics in the market.
- Innovation for long term growth
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Total Assets: (Rs. Million)
Current Assets | Jun. 30, 2024 | Jun. 30, 2023 | %age |
Change | |||
Stores & spares | 150.81 | 111.79 | 34.90% |
Stock in trade | 815.12 | 647.29 | 25.93% |
Trade Debts | 126.13 | 291.50 | 56.73% |
Advances to | 22.12 | 37.86 | 41.57% |
employees | |||
Advance payments | 16.21 | 70.94 | 77.15% |
Advance tax | 15.38 | 16.18 | 4.94% |
Sales tax | 16.11 | 0.00 | 100.00% |
refundable | |||
Cash and Bank | 4.31 | 55.18 | 92.19% |
Others | 2.01 | 0.91 | 120.88% |
Non Current Assets | |||
PPE | 1,569.22 | 1,574.15 | 0.31% |
Intangible Assets | 0.10 | 0.68 | 85.29% |
Investments | 1,149.95 | 831.63 | 38.28% |
Security Deposits | 3.79 | 3.79 | 0.00% |
Current Assets
900
800 | Jun-24 (Rs. Million) | Jun-23 (Rs. Million) | |||
700 |
600 |
500 |
400 |
300 |
200 |
100 |
0 |
Non-Current Assets
2,000.00
1,500.00
1,000.00 | Jun-24 (Rs. Million) | ||||||
500.00 | |||||||
Jun-23 (Rs. Million) | |||||||
0.00 | |||||||
Property, plant & | Intangible Assets | Investment in associates | Security Deposits | ||||
equipment |
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Solvency Ratios: | ||||
Ratio | Jun. 30, | Jun. 30, Benchmark | Solvency Ratio | |
2024 | 2023 | ratios | ||
Current Ratio | 2.10 | 2.11 | 1.75 | 2.50 |
Jun-24 | ||||
Jun-23 | ||||
Benchmark ratios | ||||
2.00 | ||||
Quick Ratio | 0.64 | 1.00 | 1.00 | |
1.50 | ||||
Cash Ratio | 0.01 | 0.09 | 0.25 | |
1.00 | ||||
Total Debt/ Equity Ratio | 0.24 | 0.28 | 0.50 | 0.50 |
Long term Debt/ Equity Ratio | 0.06 | 0.08 | 0.30 | 0.00 |
Current Ratio | Quick Ratio | Cash Ratio | Total Debt/ Equity | Long term Debt/ | Short term Debt/ |
Ratio | Equity Ratio | Equity Ratio |
Short term Debt/ Equity Ratio | 0.18 | 0.21 | 0.25 |
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