Innovating
Agriculture
Annual
Reportmehransugar.com
2024
Table of Contents
- Vision & Mission
- Key Figures
- Company Information
- SWOT Analysis
14 Code of Conduct and Ethical Values
- Business Strategy & Goals
- Management Committees
- Board of Directors
- Investor Relations
- Management Team
- Horizontal & Vertical Analysis
- Factory Profile
- DuPont Analysis
- Six Years' Review at a Glance
- CEOs Message on ESG
- Sustainability and CSR Initiatives
52 Economic Value Addition and Distribution
- Chairman's Message
- Directors' Report
- Pattern of Shareholding
- Directors' Report (Urdu)
- Corporate Governance Framework
81 Statement of Compliance with the CCG
- Review Report to the Members on Statement of Compliance with the Code of Corporate Governance
- Unconsolidated Financial Statements
- Independent Auditor's Report
- Consolidated Financial Statements
165 Notice of the Annual General Meeting
169 Notice of the Annual General Meeting (Urdu)
Proxy Form
Annual Report 2024 | Page | 1 |
Innovating
Agriculture
Field Data Maping | Drone based Pesticide sprays | |
Page 2 | Annual Report 2024 |
Use of Artificial Intelligence
We are utilizing drones for spraying inputs. This allows precision based dosage of inputs and shorter time durations of application.
Ai based solid fertilzer spraying
Annual Report 2024 | Page | 3 |
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Vision
We remain focused on being one of Pakistan's leading and largest sugar producers. A modern sugar mill must utilise its raw materials efficiently to produce sugar, ethanol and power at the most competitive pricing. Our vision remains to be the most economical and energy efficient producer of sugar and to ensure that we utilise all our by-products as effectively as possible.
Mission
Our Mission remains to ensure we can provide sustainable results and consistent growth to our shareholder. Our objective is to achieve this by utilising sugar and it's by products to add value and grow our business.
Basic Purpose: The basic purpose of our Enterprise is to perpetuate as a Public Limited Company engaged in manufacturing and marketing white refined cane sugar and brown sugar while utilising its sugar by products such as molasses and Baggasse to produce ethanol and power respectively. To ensure sustainability we also look to make long term investments in industries which we feel add value to our shareholder and to the country.
Annual Report 2024 | Page | 5 |
Key
Figures
2024 | 2023 | |||
Sugarcane Crushing (Tons) | 902,931 | 804,872 | ||
Sugar Production (Tons) | 97,384 | 85,796 | ||
Sucrose Recovery (%) | 10.79 | 10.66 | ||
Revenue from Sugar (Rs. in million) | 11,085 | 11,237 | ||
Molasses Production (Tons) | 40,809 | 37,867 | ||
Revenue from molasses (Rs. in million) | 1,389 | 1,123 | ||
Revenue from bagasse (Rs. in million) | 365 | 304 | ||
Profit before Tax (Rs. in million) | (675) | 2,281 | ||
Taxes to exchequer (Rs. in million) | 2,067 | 1,889 | ||
Profit after tax (Rs. in million) | (799) | 1,443 | ||
Market Capitalization (Rs. in million) | 3,153 | 3,229 | ||
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Annual Report 2024 | Page | 7 |
Company
Information
Board of Directors | Legal Advisor | |
Mr. Mohammed Kasim Hasham | Chairman | Hafeez Pirzada Law Associates |
Mr. Mohammed Hussain Hasham | KMS Law Associates | |
Mr. Iftikhar Soomro | Independent Director | |
Mr. Hasan Aziz Bilgrami | Independent Director | Share Registrar |
Mr. Khurram Kasim | CDC Share Registrar Services Limited | |
Mr. Ahmed Ebrahim Hasham | Chief Executive Officer | CDC House, 99-B, Block B S.M.C.H.S, |
Mrs. Anushey A. Hasham | Main Shahrah-e-Faisal, Karachi | |
Tel: (92-21) 111-111-500 | ||
Management Team | ||
Mr. Ahmed Ebrahim Hasham | Chief Executive Officer | Bankers |
Mr. Muhammad Hanif Aziz | Chief Financial Officer | Bank Al Habib Limited |
Mr. Ubaid-ur-Rehman | Technical Director | Meezan Bank Limited |
Mr. Ali Hassan | GM Finance & | MCB Bank Limited |
Company Secretary | Bank Islami Pakistan Limited | |
Bank Alfalah Limited | ||
Board Committees | Habib Metropolitan Bank Ltd | |
Audit Committee | Bank of Punjab Limited | |
Mr. Hasan Aziz Bilgrami | Chairman | Askari Bank Limited |
Mr. Khurram Kasim | Member | Soneri Bank Limited |
Mrs. Anushey A. Hasham | Member | Faysal Bank Limited |
Human Resource & | Registered Office | |
Remuneration Committee | Executive Tower, Dolmen City, | |
Mr. Iftikhar Soomro | Chairman | 14th Floor, Block-4, Marine Drive, Clifton, |
Mr. Ahmed Ebrahim Hasham | Member | Karachi-75600 |
Mr. Khurram Kasim | Member | Tel: (92 21) 35297814-17 |
Fax: (92 21) 35297818, 35297827 | ||
Executive Committee | msm@mehransugar.com | |
Mr. Ahmed Ebrahim Hasham | Chairman | www.mehransugar.com |
Mr. Muhammad Hanif Aziz | ||
Mr. Ubaid-ur-Rehman | Mills | |
Mr. Ali Hassan | ||
Tando Adam Road, Distt. Tando Allahyar. | ||
Auditors | Tel: (022) 3414501, 3414502, 3414503 | |
Fax: (022) 3414504 | ||
Grant Thornton Anjum Rahman | ||
Chartered Accountants |
Page 8 | Annual Report 2024 |
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