01 | ANNUAL REPORT 2023 |
TABLE OF CONTENTS
Vision & Mission | 03 |
Corporate Information | 04 |
Leading the way | 06 |
Stakeholders | 07 |
Consumers | 08 |
Customers | 09 |
Suppliers | 10 |
Employees | 11 |
Shareholders | 12 |
Communities | 13 |
Strict Adherence to International Quality Standards | 14 |
Ghani's Endevour for Green Pakistan & Concern for Environment | 15 |
Product Portfolio - Float glass division | 16 |
Product Portfolio - Container glass division | 17 |
Product Portfolio - Glassware division | 18 |
Chairman's Review | 19 |
CEO's Review | 20 |
Directors' Report | 21 |
Financial Performance - Six years at Glance | 29 |
Statement of Value Addition and its Distribution | 31 |
Horizontal Analysis | 32 |
Vertical Analysis | 33 |
Statement of Compliance | 34 |
Auditors' Review Report to the Members | 36 |
Auditors' Report to the Members | 37 |
Statement of Financial Position | 40 |
Statement of Profit or Loss | 41 |
Statement of Comprehensive Income | 42 |
Statement of Changes in Equity | 43 |
Statement of Cash Flow | 44 |
Notes to the Financial Statements | 46 |
Pattern of Shareholding | 81 |
Notice of Annual General Meeting | 84 |
Directors' Report (Urdu) | 94 |
Proxy Form |
GHANI GLASS LIMITED | 02 |
VISION
Nothing in this earth or in the heavens is hidden from ALLAH. To indulge in honesty, integrity and self determination, to encourage in performance and most of all to put our trust in ALLAH, so that we may, eventually through our efforts and belief, become the leader amongst glass manufacturers of South Asian Countries.
MISSION
To be successful by effectively & efficiently utilizing our philosophies so that we achieve & maintain constantly the High Standards of Product Quality & Customer Satisfaction.
03 | ANNUAL REPORT 2023 |
CORPORATE INFORMATION
Board of Directors | Mr. Zaid Ghani | Chairman |
Mr. Imtiaz Ahmad Khan | Chief Executive Officer | |
Mr. Anwaar Ahmad Khan | Deputy Chief Executive Officer | |
Mr. Aftab Ahmad Khan | Deputy Chief Executive Officer | |
Mrs. Reema Anwaar | Director | |
Mr. Junaid Ghani | Director | |
Mr. Jubair Ghani | Director | |
Mr. Hamza Ghani | Director | |
Mr. Moeez Ghani | ||
Director | ||
Mr. Ibrahim Ghani | ||
Director | ||
Mr. Ayub Sadiq | ||
Director | ||
Mr. Shamim Ahmed | ||
Director | ||
Mr. Ovais Shamim | ||
Director | ||
Mr. Nouman Shaukat | ||
Mr. Waqar Zafar | Director | |
Mr. Khalid Aslam Butt | Director | |
Hafiz Muhammad Saad | Director | |
Syed Wasi Haider (Nominee EOBI) | Director | |
Audit Committee | Mr. Ayub Sadiq | Chairman |
Mr. Zaid Ghani | Member | |
Mr. Ibrahim Ghani | Member | |
HR & R Committee | Mr. Ayub Sadiq | Chairman |
Mr. Anwaar Ahmad Khan | Member | |
Mr. Zaid Ghani | Member | |
Chief Financial Officer | Mr. Umer Farooq Khan | |
Company Secretary | Hafiz Muhammad Imran Sabir | |
Auditors | EY Ford Rhodes, Chartered Accountants | |
Legal Advisor | Ally Law Associates | |
Share Registrar | Corplink (Pvt) Ltd | |
Wings Arcade, 1-K Commercial | ||
Model Town, Lahore, Pakistan | ||
Phones : (042) 35916714, 35916719 | ||
Fax : (042) 35869037 | ||
Banks | Albaraka Islamic Bank | |
Allied Bank Limited | ||
Askari Bank Limited |
Bank Alfalah Limited, IBD
Bank Al-Habib Limited
Bank Islami Pakistan Limited
Faysal Bank Limited, IBD
First Women Bank Limited
Habib Metropolitan Bank Limited, IBD
MCB Islamic Bank Limited
National Bank of Pakistan
Soneri Bank Limited
Standard Chartered Bank Limited, IBD
The Bank of Punjab
Dubai Islamic Bank Limited
Habib Bank Limited
Meezan Bank Limited
United Bank Limited
SAMBA Bank Limited
GHANI GLASS LIMITED | 04 |
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