Annual Report | 2022 |
HIRA TEXTILE MILLS
L I M I T E D
CONTENTS
Company Informaon | 02 |
No}ce of Annual General Meeng | 03 |
Vision And Mission Statements | 05 |
Chairperson's Review | 06 |
Directors Report | 08 |
Six Years Financial Summery | 23 |
Paern of Share Holding | 24 |
Statement of Compliance with the Code of Corporate Governance | 26 |
Independent Auditor's Report | 28 |
Statement of Financial Posion | 32 |
Statement of Profit or Loss | 34 |
Statement of Comprehensive Income | 35 |
Statement of Changes in Equity | 36 |
Statement of Cash Flow | 37 |
Notes to and Forming Part of Financial Statements | 38 |
Proxy Form | 85 |
02 Hira Texle Mills Limited
HIRA TEXTILE MILLS
L I M I T E D
COMPANY INFORMATION
CHAIRPERSON | |
Mr. Dr. Azhar Waheed | |
CHIEF EXECUTIVE | |
Mr. Muhammad Tariq | |
BOARD OF DIRECTORS | |
Mr. Dr. Azhar Waheed | (Non-Execuve/Chairperson) |
Mr. Muhammad Hussnain Saeed Sohbin | (Execuve Director) |
Mr. Muhammad Awais Qarni Chaudhry | (Non-Execuve) |
Mr. Muhammad Tariq | (Execuve Director) |
Mrs. Zainab Malik | (Non- Execuve / Independent Director) |
Mr. Saeed Ahmad Khan | (Non-Execuve) |
Mr. Shaukat Nazir Malik | (Non- Execuve / Independent Director) |
AUDIT COMMITTEE |
Mr. Shaukat Nazir Malik | (Chairman) |
Mr. Muhammad Tariq | (Member) |
Mrs. Zainab Malik | (Member) |
HUMAN RESOURCE & REMUNERATION COMMITTEE | |
Mrs. Zainab Malik | (Chairperson) |
Mr. Saeed Ahmad Khan | (Member) |
Mr. Muhammad Awais Qarni Chaudhry | (Member) |
COMPANY SECRETARY & CHIEF FINANCIAL OFFICER
Mr. Muhammad Hussnain Saeed Sohbin
AUDITORS
M/S Rahman Sarfaraz Rahim Iqbal Rafiq
(Chartered Accountants)
Member of Russell Bedford Internaonal
72-A, Faisal Town, Lahore.
TAX ADVISER
Tipu Associates
97/8-B, Babar Block, New Garden Town, Lahore.
LEGAL ADVISER
Salman Akram Raja.
Raja Mohammad Akram & Co.,
Advocates & Legal Consultants
33-C Main Gulberg Lahore.
REGISTRAR OF THE COMPANY
Vision Consulng Ltd.
3 - C , 1st floor, LDA Flats, Lawrance Road Lahore. Ph: + 92 42 36283096-97
REGISTERED OFFICE
44 E/1 Gulberg III Lahore.
W: www.hiratex.com.pk
MILLS
8 KM Manga Raiwind Road Raiwind District Kasur.
HIRA TEXTILE MILLS
L I M I T E D
Annual Report 2022 03
NOTICE OF ANNUAL GENERAL MEETING
No}ce is hereby given that 31st annual general meeng of the members of Hira Texle Mills Limited will be held on Saturday, November 26, 2022 at 03.00 PM at 44-E/1,Gulberg-III, Lahore, to transact the following:
- To confirm the minutes of the last General Meeng.
- To receive and adopt the audited accounts of the company for the year ended on June 30, 2022 together with the Directors and auditor's reports thereon.
- To consider appointment of external audits for the financial year ending June 30, 2023.
- To transact any other business with the permission of the Chair.
(By the order of the Board)
Muhammad Hassnain Saeed Sohbin
Company Secretary
Lahore: November 06, 2022
Notes
1- A member entled to aend and vote at the General Meeng may appoint any person as proxy to aend and vote instead of him/her. No person other than a member shall act as proxy. The instrument appoinng a proxy and the power of aorney or other Authority (if any) under which it is signed or a notarially cerfied copy of such power or authority, in order to be valid, must be deposited at the registered office of the company at least 48 hours before the me of the meeng and must be duly stamped, singed and witnessed.
2- Any individual beneficial owner of CDC entle to aend and vote at this meeng, must bring his/her original CNIC or passport, account and parcipants. ID numbers to prove his/her identy and incase of proxy it must enclose an aested copy of his/her CNIC of passport. Representaves of corporate members should bring the usual documents requires for such purpose.
3- In terms of sub secon 1(b) of Secon 134 of the Companies Act, 2017, Members can also aend and parcipate in the AGM through video conference facility, if members residing the vicinity, collecvely holding 10% or more shareholding, provide their consent in wring, to parcipate in the AGM through video conference at least ten (10) days prior to date of AGM. Aer receiving
the consent of the members in aggregate 10% or more shareholding, the Company will inmate members regarding venue of video conference facility at least five
- days before the date of the AGM along with complete informaon necessary to enable them to access such facility.
4- The audited financial statements of the company for the year ended June 30, 2022 have been placed at the website: www.hiratex.com.pk
5- Shareholders are requested to immediately nofy change in address. If any to the company share register M/s. Vision Consulng Ltd. 3-C, 1st floor, LDA Flats, Lawrence Road Lahore. And also furnish aested photocopy of their CNIC as per lisng regulaon, if not provided earlier.
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