YOUR TRUSTED
PARTNER IN
ISLAMIC FINANCE
SOLUTIONS
www.olpmodaraba.com | ANNUAL REPORT |
2024 | |
www.olpmodaraba.com
02
37
OF EXCELLENCE
Modaraba
2004
First Grindlays
Modaraba
1987
ANNUALREPORT 2024
03
2023
2016
Landmarks
1987 | 1989 | 1990 | 1991 |
1). Agreement between Modaraba | Appointment of M/s | 1). First Right Issue of 5 | First Branch oce |
Management Company and | Famco Associates & | Million Share Certicate | in Lahore |
Grindlays Bank PLC. | Co as Share Registrar | 2). First Modaraba in the | |
2). Musharika Agreement with | for Modaraba | ||
sector to have Crossed | |||
Grindlays Bank Plc of PKR 21.8 | the PKR 1 Billion | ||
Million for Modaraba to use the | Landmark of net | ||
funds in its business. | cumilative leases written | ||
3). Floatation of Share subcription | |||
form of First Grindlays Modaraba | |||
managed by(Grindlays Services of | |||
Pakistan (Pvt) Limited) |
2012
Total Assets crossed
PKR 6 Billion.
2013
Registration of
Modaraba in Sindh
Revenue Board
2011 | 2009 | 2006 |
Registration of | Adoption of Islamic | Increase in |
Modaraba in Sindh | Financial Standard-2 | Authorised Capital of |
Revenue Board | (IFAS-2) of SECP | Modaraba to 50 |
Million Modaraba | ||
Certicate |
2014 | 2015 | 2016 |
Registration of | 1). MOU between ORIX Leasing | Change of name |
Modaraba in Federal | Pakistan Limited and Standard | from Standard |
Sales Tax with FBR | Chartered Bank (Pakistan) | Chartered Modaraba |
limited for the divestment of | to ORIX Modaraba | |
shareholding in Modaraba. | ||
2). Prot After Tax crossed PKR | ||
195 Million for the year. | ||
3). Migration from LMS software | ||
to AIB software |
1992 | 1993 | 1994 |
1). Second Right Issue of | Second Bonus Issue | Third Bonus Issue of |
13.5 Million Modaraba | of 1.5 Million | 3.15 Million Modaraba |
Certicate | Modaraba | Certicate |
2). First Bonus Issue of 1.5 | Certicate | |
Million Modaraba | ||
Certicate |
1995
1). Approval for the Issuance of Certicate of Musharika by Registrar of Modaraba Companies and Modarabas.
2). Change of Financial Year from December to June
2004
1). First time highest Rating of A1+ in short term and AA+ in Long term in the Modaraba and Leasing Sector
2). Change of name from First Grindlays Modaraba to Standard Chartered Modaraba
2019
Appointment of
First Female
Director
2000 | 1997 | 1996 |
1). Branch oce in | Forth Bonus Issue of | Registration of |
Islamabad | 2.77 Modaraba | Modaraba in Income |
2). First Annual Review | Certicate | Tax |
Meeting of Modaraba | ||
3.) Launch of COMs to | ||
general public |
2020 | 2022 | 2023 |
Implemetation of State | 1). Re-branding of | Change in the |
of the Art IT | name from ORIX | Registered Address |
Infrastructure to | Modaraba to OLP | of Management |
Virtually manage the | Modaraba | Company |
operation for | 2). New Website | |
uninterepted service to | ||
the clients in Covid-19. |
www.olpmodaraba.com
06
Earningsper
Certicate
4.50 | 4.31 | |||||||||
4.00 | 3.81 | |||||||||
4.00 | ||||||||||
3.36 | 3.48 | |||||||||
3.50 | ||||||||||
2.83 | 2.65 | 2.78 | 2.81 | 2.84 | ||||||
3.00 | ||||||||||
2.46 | ||||||||||
2.50 | ||||||||||
2.00 | 3.48 | |||||||||
1.50 | ||||||||||
1.00 | 2024 | |||||||||
0.50 | ||||||||||
- | ||||||||||
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
MarketValueper
Certicate
35.00 | ||||||||||||
30.00 | ||||||||||||
30.00 | 25.00 | |||||||||||
25.00 | 22.25 | 23.33 | ||||||||||
13.62 | ||||||||||||
20.00 | 16.61 | 18.00 | 17.50 | |||||||||
15.50 | 16.00 | |||||||||||
15.00 | 13.62 | 2024 | ||||||||||
11.30 | ||||||||||||
10.00 | ||||||||||||
- | ||||||||||||
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
Group
Prole
ORIX Corporation (ORIX) was established in April 1964 with leasing operations in Japan. Since then, ORIX has set up a number of specialized leasing companies to tap new market potential by providing a wide range of innovative nancial products and services to clients in Japan. ORIX Group is a diversied multinational nancial group operate around 30 dierent countries/regions in the world in leasing, nancing, private equity investment, asset management, renewable energy investment and operations and more. ORIX's expertise and breadth of businesses continue to grow as the Corporation answer client needs and respond to changes in the economic environment. The Corporation has expanded from original leasing business into an enterprise active in operations and investing in a diverse array of areas around the world, delivering a wide variety of products and services to corporate and individual clients, communities, and in
infrastructure.
This has also enabled ORIX to maintain a strong reputation with continuous prot. The ORIX is listed on Tokyo and New York Stock Exchanges. ORIX Shareholders equity as on March 31, 2024 was Yen 3.5 Trillion. It employee 34,000 employees and has over 2000 business locations across the globe.
ANNUAL REPORT 2024
07
www.olpmodaraba.com
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ORIX Corporation, Japan - Financial | 2024 | 2023 | 2022 | 2021 | 2020 | ||||
Highlights: | |||||||||
Years Ended March 31 (Yen in Billion) | |||||||||
Total revenue | 2,814.36 | 2,666.37 | 2,520.36 | 2,292.70 | 2,280.33 | ||||
Total expense | 2,453.65 | 2,352.38 | 2,218.28 | 2,033.89 | 2,010.65 | ||||
"Income before income taxes, discountinues | |||||||||
operation and extraordinary gain" | 392.18 | 470.00 | 504.87 | 287.56 | 412.56 | ||||
Net Income attributable to | |||||||||
ORIX Corporation shareolders | 290.34 | 346.13 | 312.13 | 192.38 | 302.70 | ||||
ORIX Corporation Shareholder equity | 3,543.61 | 3,941.47 | 3,261.41 | 3,028.46 | 2,993.61 | ||||
Total assets | 15,289.39 | 16,322.10 | 14,270.67 | 13,563.08 | 13,067.53 | ||||
ROE (in percentage) | 8.50 | 9.2 | 9.90 | 6.40 | 10.30 | ||||
ROA (in percentage) | 1.96 | 2.19 | 2.24 | 1.44 | 2.40 | ||||
ORIX Corporation shareholder equity per share (Yen) | 2,868.13 | 3,422.94 | 2,732.88 | 2,487.77 | 2,386.35 | ||||
Cash Dividend (Yen) | 98.60 | 85.60 | 85.00 | 78.00 | 76.00 | ||||
Number of employees | 34,000 | 34,000 | 32,235 | 33,000 | 31,233 | ||||
OLP Modaraba (OLPM) started its operations in 1987 as the First Grindlays Modaraba (FGM). The Modaraba, since then, continues growing its clientele and nancial footing. In the year 2000, Standard Chartered Bank acquired the ANZ Grindlays Bank Asia operations. With this acquisition, FGM became a part of the global banking Standard Chartered Group PLC conglomerate. During these years, Standard Chartered Modaraba (SCM) became a pioneering Islamic Financial Institution in Pakistan. In 2016, ORIX Group of Japan acquired the SCB shareholding in SCM. This was a landmark transaction where one of the world's largest rental and asset management conglomerates entered into specialized Islamic nance space, acquiring an entity that is undoubtedly a thought leader in the Pakistani Islamic Financial Market.
OLP Financial Services Pakistan Limited and OLP Services Pakistan (Pvt) Limited (formerly ORIX Services Pakistan (Pvt) Limited) each own ten percent shareholding in OLPM and hence are the associated companies of OLPM. The OLP Modaraba is a member of NBFI & Modaraba Association of Pakistan and operates from oces in Karachi, Lahore and Islamabad.
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