CONTENTS
Company Information | 2 |
The Vision Statement | 3 |
Mission Statement | 4 |
Notice of Annual General Meeting | 5 |
Chairman's Review | 7 |
Directors' Report | 8 |
Financial Highlights | 13 |
Statement of Compliance with Listed Companies | |
(Code of Corporate Governance) Regulation, 2019 | 14 |
Independent Auditor's Review Report | |
To the Members of Dewan Sugar Mills Limited | 16 |
Independent Auditor's Report | |
to the Member of Dewan Sugar Mills Limited | 17 |
Statement of Financial Position | 21 |
Statement of Profit and Loss Account | 22 |
Statement of Comprehensive Income | 23 |
Statement of Cash Flow | 24 |
Statement of Changes in Equity | 25 |
Notes to the Financial Statements | 26 |
Pattern of Share Holding | 56 |
64 |
66
Form of Proxy
ANNUAL REPORT 2022
COMPANY INFORMATION
EXECUTIVE DIRECTORS
Zeeshan Ashraf - Chief Executive Officer
Ghazanfar Baber Siddiqui
NON-EXECUTIVE DIRECTORS
Syed Maqbool Ali - Chairman Board of Directors
Abdul Basit
Nida Jamil
Muhammad Ashraf
INDEPENDENT DIRECTOR
Aziz-ul-Haque
COMPANY SECRETARY
Muhammad Hanif German
CHIEF FINANCIAL OFFICER
Muhammad Ilyas Abdul Sattar
AUDITORS
Feroze Sharif Tariq & Co. - Chartered Accountants
COST AUDITORS
UHY Hassan Naeem & Co.
TAX ADVISOR
Sharif & Company - Advocates
LEGAL ADVISOR
A.K. Brohi & Company Advocates
AUDIT COMMITTEE | Chairman |
Aziz-ul-Haque | |
Syed Maqbool Ali | Member |
Abdul Basit | Member |
HUMAN RESOURCE & REMUNERATION COMMITTEE MEMBERS | |
Aziz-ul-Haque | Chairman |
Syed Maqbool Ali | Member |
Abdul Basit | Member |
BANKERS | MCB Bank Limited |
National Bank of Pakistan | |
Summit Bank Limited | Meezan Bank Limited |
Habib Bank Limited | Bank of Punjab Limited |
Standard Chartered Bank Limited | Dubai Islamic Bank |
Bank of Khyber Limited | Bank Islami Pakistan Limited |
REGISTERED OFFICE: | CORPORATE OFFICE |
Dewan Centre, 3-A Lalazar, Beach Hotel | Block-A, 2nd Floor |
Road, Karachi-74000, Pakistan. | Finance & Trade Centre |
Shahrah-e-Faisal, Karachi, Pakistan.
SHARE REGISTRAR / TRANSFER AGENT
BMF Consultants Pakistan (Pvt.) Limited
Annum Estate Building, Room No. 310 & 311,
3rd Floor, 49, Darul Aman Society.
Main Shahrah-e-Faisal, Adjacent Baloch Colony,
Karachi, Pakistan.
FACTORY | |
Jillaniabad, Budho Talpur, | WEBSITE |
Taluka: Mirpur Bathoro | |
www.yousufdewan.com | |
District: Sujawal Sindh, Pakistan. | |
ANNUAL REPORT 2022 | 02 |
The Vision Statement
"The vision of Dewan Sugar Mills Limited is to become leading market
player in the Sugar Sector".
03 ANNUAL REPORT 2022
Mission Statement
The Mission of Dewan Sugar Mills Limited is to be the finest
Organization, and to conduct business responsibly
and in a straight forward way.
Our basic aim is to benefit the customers, employees
and shareholders and to fulfill our commitments to the society. Our hallmark is honesty, innovation, teamwork of our people and our ability to respond effectively to change in all aspects of life including technology, culture and environment.
We will create a work environment, which motivates, recognizes
and rewards achievements at all levels of the Organization
because
In Allah We Believe & In People We Trust
We will always conduct ourselves with integrity
and strive to be the best.
ANNUAL REPORT 2022 | 04 |
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