Annual Report
2024
Big Bird Foods Limited
TABLE OF
CONTENTS
MANAGEMENT
REPORT
Company Information | 02 |
Vision & Mission Statement | 03 |
Directors' Profile | 04 |
Key Management Profile | 08 |
Air Chilling Technology | 10 |
Management Information Of The Company | 11 |
Products | 12 |
Chairman's Review | 14 |
Ceo Message | 15 |
Directors' Report | 16 |
Directors' Report ( Urdu) | 25 |
FINANCIAL
STATEMENTS
Independent Auditors' Report | 27 |
Statement of Financial Position | 31 |
Statement of Profit or Loss | 32 |
Statement of Comprehensive Income | 33 |
Statement of Cash Flows | 34 |
Statement of Changes In Equity | 35 |
Notes to the Financial Statement | 36 |
INVESTORS'
INFORMATION
Pattern of Shareholding | 70 |
Notice of Annual General Meeting | 71 |
Notice of Annual General Meeting (Urdu) | 77 |
Financial Highlights | 81 |
Form of Proxy | 83 |
COMPANY
INFORMATION
BOARD OF DIRECTORS
Mr Abdul Basit | Chairman |
Mr Muhammad Mustafa Kamal | CEO / Executive Director |
Mr Abdul Karim | Non - Executive Director |
Mrs Saadia Karim | Non - Executive Director |
Mr Muhammad Aleem | Non - Executive Director |
Mr Tariq Hamid | Independent Director |
Mr Muhammad Tabassum Munir | Independent Director |
AUDIT COMMITTEE
Mr Tariq Hamid | Independent Director |
Mr Abdul Basit | Non - Executive Director |
Mr Abdul Karim | Non - Executive Director |
HUMAN RESOURCE & REMUNERATION COMMITTEE
Mr Muhammad Tabassum Munir | Independent Director |
Mr Abdul Basit | Non - Executive Director |
Mr Muhammad Aleem | Non - Executive Director |
CHIEF FINANCIAL OFFICER
Mr Muhammad Ali Ahsen
COMPANY SECRETARY & HEAD OF LEGAL
Mr Muhammad Riaz
HEAD OF INTERNAL AUDIT
Mr Kalim Ullah
EXTERNAL AUDITORS
Abdul Khaliq & Co
Chartered Accountants
LEGAL ADVISORS
Mr Umar Farooq
BANKERS
Allied Bank Limited
Habib Bank Limited
Meezan Bank Limited
Soneri Bank Limited
Bank Alfalah Limited
Bank of Punjab Limited
National Bank of Pakistan
Bank Al Habib Limited
United Bank Limited
HEAD OFFICE
2-A, Ahmad Block, New Garden Town, Lahore
UAN: +92-42-111-111-220
Tel: +92-42-35835373-74,35837512-14
E-Mail: corporate@bigbirdgroup.com.pk
Website: www.bigbirdfoods.com
Manufacturing Plant
65-KM Multan Road, Jumber Bhai Phero, Kasur.
2 Big Bird Foods Limited
VISIONMISSION
STATEMENT STATEMENT
Enabling the people to live their lives healthy, people should eat chicken & it should be Big Bird's Chicken
Big Bird ensures the consistent availability of traceable, hygienic, healthy & economical chicken meat
- processed chicken products to meet the requirements of our valued customers and consumers through exercising the competitive edge of quality at our integrated poultry production facilities. We strive for the wellbeing and sustainable growth of our valued customers, great people, environment and the society.
Annual Report 2024 3
DIRECTORS' PROFILE
4 Big Bird Foods Limited
He is the visionary founder of the Big Bird Group, which includes Big Bird Poultry Breeders (Pvt.) Limited, Grandparent Poultry (Pvt.) Limited, Big Bird Foods Limited, Big Feed (Pvt.) Limited, Pak Tek Associates, Green Nature Farms, and APOTHEKE Technologies. Under his leadership, the Group has become a leading player in its industry. Mr. Basit also serves as Director of several prominent organizations, including Punjab Thermal Power Limited, Punjab Agriculture & Meat Company, the Technical Education & Vocational Training Authority, Quaid-e-Azam Thermal Power Company, Pakistan France Business Alliance, Punjab Halal Development Agency, and Pak-France Business Alliance.
In addition to his current roles, Mr. Basit has held several significant positions in the past. He was the Chairman of the Punjab Industrial Estate Development and Management Company (PIEDMC), South Punjab Forest Company, Pakistan Poultry Association, and the Punjab Board of Investment and Trade. He also served as a Director of the Punjab Food Authority, Punjab Industrial Estate Development Management Company, and the Pak Turk Education Foundation. His contributions extend beyond business, as he is a member of the Board of Governors of Sheikh Zayed Medical Complex, a life member of the SAARC Chamber of Commerce and Industry, a member of the Syndicate of the University of Veterinary and Animal Sciences, President of the Public Health Education Society, and President of the Lahore District Anti-Tuberculosis Association.
Mr. Basit's influence reaches both national and international levels. He was a former President of the Lahore Chamber of Commerce and Industry and the Vice President of the World Poultry Science Association (Pakistan Branch). He represented Pakistan at the Asia Africa Public Private Joint Forum and has been part of delegations led by the President of Pakistan during state visits to China, and by the Prime Minister of Pakistan to Athens, Morocco, Libya, and Egypt in 2006. He also accompanied the Chief Minister of Punjab on official tours to Iran in 2008, Turkey in 2009, and Dubai in 2010. Additionally, Mr. Basit is a permanent member of the Lahore Gymkhana Club and a life member of the Cosmopolitan Club, Lahore.
Mr Abdul Basit
Chairman
Annual Report 2024 5
DIRECTORS' PROFILE
Dr M. Mustafa Kamal
Chief Executive Officer
Dr Abdul Karim
Director
Dr Muhammad Aleem
Director
Dr. Mustafa Kamal is the CEO and Executive Director of Big Bird Foods Limited, a leading player in Pakistan's poultry and food processing industry. With a strong background in management and extensive experience of over 45 years in the sector, Dr. Kamal has played a pivotal role in driving the company's growth and innovation, ensuring the delivery of high-quality food products to local and international markets. Under his leadership, Big Bird Foods has expanded its operations and cemented its position as a trusted brand in the industry. He is also the director of Big Bird Poultry Breeders, Big Feed and Grand Parent Poultry. Additionally, he is a former Chairman of the Pakistan Poultry Association (PPA) and ex-member syndicate committee at University of Veterinary and Animal Sciences.
Dr Abdul Karim is a Chief Executive at Big Feed (Pvt) Ltd. He is also a managing director of Big Bird Poultry Breeders (Pvt) Ltd. with a qualified Doctor of Veterinary Medicine, and masters in Animal Nutrition. He also possesses over 45 years of industry experience in R&D poultry and poultry feed production. He is a crucial decision maker for the production and marketing work carried out by Big Bird Group. He has also served as former Chairman of the Pakistan Poultry Association.
Dr. Muhammad Aleem is an accomplished academic and professional with over 40 years of experience in animal sciences, spanning teaching and research. He earned his PhD in Animal Sciences from the United States and completed his postdoctoral training at the University of London. Dr. Aleem has held leadership roles, including serving as Head of the Department and Dean of Livestock Business Management at the University of Veterinary and Animal Sciences (UVAS). Currently, he oversees the GP Laboratory, a facility that provides essential diagnostic services to the Big Bird Group and the broader commercial poultry industry. Beyond his professional endeavors, Dr. Aleem holds key positions as Chairman of both the Punjab Livestock Breeding Authority and the Livestock & Dairy Development Board, at provincial and federal levels respectively.
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DIRECTORS'
PROFILE
Mrs Saadia Karim is a partner at Green Nature Farms and is the founder and CEO of her furniture and interior design company, Oak and Teak. She has extensive managerial and marketing knowledge and expertise. She is also proficient in designing, marketing and production of furniture and other related interior designing. She is also a member of the Lahore Chamber of Commerce and Industries.
Mrs Saadia Karim
Director
Mr Tariq Hamid
Independent Director
Mr M. Tabassum Munir
Independent Director
Mr. Tariq Hamid is an Independent Director and currently serves as a Director at AlBaraka Bank. He has held numerous prestigious positions throughout his career, including Chairman of the Punjab Privatization Board and the Task Force for the Revival of Sick Industrial Units. He was the Chief Executive Officer of the Corporate & Industrial Restructuring Corporation (CIRC) and also chaired the Committee for the Revival of Sick Industrial Units. Mr. Hamid has served as the Provincial Minister for Finance, Planning & Development, Industries, Environment, and Excise & Taxation for the Government of Punjab, and as the Chairman of the Water & Power Development Authority (WAPDA). Additionally, he held the position of Federal Minister for Water & Power for the Government of Pakistan. His extensive experience includes being the Director and Chairman of Dane Foods Limited, Managing Director of Coates Lorilleux Pakistan Limited, and Director at several prominent companies including Packages Limited, Tetra Pak (Pakistan) Limited, Nestle Milkpak Limited, and Tri-Pack Films Limited. Mr. Hamid has also served as President of the Lahore Chamber of Commerce & Industry, Chairman of the Pakistan Pulp Paper & Board Makers' Association, Chairman of the Management Association of Pakistan, and President of the Pakistan Industrial Employers Federation in Lahore.
Mr. M. Tabassum Munir has worked for more than three decades, as Member Lahore Stock Exchange, till January 2014. He also served on its Board of Directors for multiple terms, including as its Vice President. Additionally, he was Member Pakistan Mercantile Exchange. He has served on the Board of Directors at Hi-Tech Lubricants Ltd from April 2015 to October 2021, Synthetic Products Enterprises Ltd from October 2014 to October 2021, and Annoor Textile Mills Ltd from 1987 to 1989.
His skills of managing and participating in all-inclusive Capital Market and its infrastructural development matters are widely acknowledged. He has participated in numerous seminars, round tables, conferences, workshops, and has gained valuable domain knowledge and experience. It has strengthened his dedicated role and capacity in the management of corporate affairs.
His current engagement(s) include:
• Director, LSE Ventures Ltd.
Annual Report 2024 7
KEY MANAGEMENTS' PROFILE
Muhammad Ali Ahsen
Chief Financial Officer
Mr. Muhammad Ali Ahsen is CFO of Big Bird Foods Limited since August 2020. He has more than 30 years of experience in the field of finance, accounts & operations.
His major expertise are financial modeling, corporate finance, fund raising through different options, IPOs/SPOs, Private placements, rights issues, preference shares, sukuk bonds, growth capital through venture capitalists, cash securitization, discounting (PO & invoice) bank loans (short term & long term). He is also expert in mergers, acquisitions, joint ventures, restructuring, settlements, business valuations, negotiations with banks & financialinstitutions, moreover, he is also expert in supervision of all types of corporate compliances & corporate taxes.
He is expert in tariff calculations/financial | modeling, feasibilities of | Solar, Hydel & Thermal | ||
power projects and had prepared & presented seven financial feasibilities to | Punjab | Power | ||
Development Board (PPDB). He also served as financial advisor to | MS | Shoes, | Gloria | Jeans, |
Buksh Group, SY Younus, Canal Palm Gardens and various others. | ||||
He is qualified member of Institute of Cost & | Management Accountants | of Pakistan (ICMAP) |
- member of Pakistan Institute of Public Finance Accountants (PIPFA). Positions Previously Held:
• As Group CFO for four years at Sufi & Orient Steel Group
- As CFO/COO for eleven years at Hatco Group (Co Bottlers Coca Cola)
- As Chief Financial Controller for four years at Micro Electronics (Subsidiary concern of Ministry of Defence)
- As Chief Accountant for three years at Ashrafi Food Industries
- As Senior Audit & Accounts Officer for four years at Javed Jalal Amjad & Co. (Chartered Accountants)
Mr Muhammad Riaz
Company Secretary & Legal Head
Mr. Muhammad Riaz is Company Secretary & Head of Legal of Big Bird Foods Limited since September 2023. He has more than 17 years of experience in the field of Corporate Laws, Secretarial Compliances, Labour & Taxation Laws.
His major expertise are listing of companies IPOs, Incorporation of Companies, Statutory Compliances, winding up, & merger of companies including single member, Private, Public (Unlisted & Listed). He is also expert in compliances of Pre & Post listing requirements with Securities Exchange Commission of Pakistan (SECP), Central Depository Company (CDC) and Pakistan Stock Exchange (PSX). He also served as corporate advisor & Legal consultant of Urea Manufacturing, Service, Pharma, Construction and various other corporate sectors.
He holds the degree of Masters of Business Administration, Bachelors of Law & One Year Post Graduate diploma in Taxation Laws. He holds more than 17 years of professional experience covering multidimensional concerns ranging from both, Public and the Private sectors of the economy.
Positions previously held include:
- As Group Company Secretary & Head of Legal for three years at Citi Pharma Limited
- As Senior Manager Corporate Affairs for one year and three years as Corporate Advisor at Systems Limited
- As Assistant Manager Corporate & Taxation for four years at KPMG Taseer Hadi & Co. (Chartered Accountants)
- As Corporate & Tax Executive for four years at "The TAQ Organization"
8 Big Bird Foods Limited
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