ANNUAL REPORT 2022
In the Name of ALLAH, who is the most Merciful & the most Beneficent.
A N N U A L R E P O R T 2 0 2 2
CCML
Crescent Cotton Mills Ltd. | |
C O N T E N T S | |
CRESCENT COTTON MILLS LIMITED | |
General Information | 03 |
Company profile | 04 |
Notice of annual general meeting | 05-06 |
Vision and Mission statements | 07 |
Chairman's Review | 08 |
Directors' report to the shareholders | 09-26 |
Key Operating and Financial Data | 27-28 |
Pattern of holding of shares | 29-30 |
Statement of compliance with best practices of code of corporate governance | 31-33 |
Independent Auditor's Review Report | 34 |
Independent Auditor's Report | 35-39 |
Statement of Financial Position | 40-41 |
Statement of Profit or Loss | 42 |
Statement of Comprehensive Income | 43 |
Statement of changes in equity | 44 |
Cash flow statement | 45 |
Notes to the financial statements | 46-96 |
CRESCENT COTTON MILLS LIMITED AND ITS SUBSIDIARY
Consolidated Financial Statements with Accompanying Information | 98-162 |
FORM OF PROXY
02
A N N U A L R E P O R T 2 0 2 2
GENERAL INFORMATION | SUBSIDIARY | ||
PRINCIPAL & REGISTERED OFFICE | CRESCOT MILLS LIMITED | ||
New Lahore Road, | PRINCIPAL & REGISTERED OFFICE | ||
Nishatabad, | |||
Faisalabad. | Office # 408, Business Avenue, | ||
Phones | : | (041) 8752111-4 | Plot # 26-A, Block # 6, P.E.C.H.S., |
Fax | : | (041) 8750366 | Shahrah-e-Faisal, |
URL : www.crescentcotton.com | Karachi - Pakistan. | ||
info@crescentcotton.com | Phones : (021) 34387315-7 | ||
KARACHI OFFICE | Fax : (021) 34387318 | ||
Chief Executive Officer | |||
Office # 408, Business Avenue, | |||
Mr. Adnan Amjad | |||
Plot # 26-A, Block # 6, P.E.C.H.S., | |||
Shahrah-e-Faisal, | |||
Karachi - Pakistan. | |||
Phones | : (021) 34387315-7 |
Fax : (021) 34387318
LAHORE OFFICE
3rd Floor, 151, CCA, Commercial Area
DHA Phase 5, Above KFC, Lahore.
Phones : (042) 37182005
WORKS | |
Spinning Unit # 1& 2 | Spinning Unit # 4 |
Kotla Kahlon, | 46 Km, Lahore Multan Road, |
8/9 Kilometers from | Chak # 66, Dina Nath, Tehsil Pattoki, |
Shahkot towards Sheikupura, | Distt. Kasur. |
Shahkot Distt. Nankana. | Phone : (049) 4540137-8 |
Phones : (041) 2024350 | |
Fax : (041) 2044590 |
CCML
Crescent Cotton Mills Ltd.
03
A N N U A L R E P O R T 2 0 2 2
COMPANY PROFILE
BOARD OF DIRECTORS | Mr. Taimur Amjad |
(Chairman) | |
Mr. Abid Mehmood | |
(Chief Executive Officer) | |
DIRECTORS (In alphabetical order) | Mr. Adnan Amjad |
Mr. Naveed Gulzar | |
Ms. Nazish Arshad | |
Mr. Salman Rafi | |
Mrs. Shameen Azfar | |
AUDIT COMMITTEE | Mr. Salman Rafi (Chairman) |
Mr. Adnan Amjad (Member) | |
Mr. Taimur Amjad (Member) | |
HUMAN RESOURCE | Mrs. Shameen Azfar (Chairman) |
AND REMUNERATION COMMITTEE | Mr. Adnan Amjad (Member) |
Ms. Nazish Arshad (Member) | |
COMPANY SECRETARY | Mr. Sami Ullah |
BANKERS | National Bank of Pakistan |
AUDITORS | Riaz Ahmad & Compnay |
Chartered Accountants | |
COMPANY REGISTRAR | Vision Consulting Limited. |
3-C, LDA Flats, 1st Floor, | |
Lawrance Road, Lahore. | |
Ph: 042-36283096-7 | |
URL | www.crescentcotton.com |
CCML
Crescent Cotton Mills Ltd.
04
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