To excel in delivering highest standards quality yarn to customers in the local and international markets as per their customized needs.
A growth oriented company to provide quality yarn to customers and expand sales through good governance, explore new markets, quality control by developing a team for sustainable and equitable growth with a concept of ”one window solution”
Prior to the detail description we are starting the summary of our report. To review the executive summary the basic purpose is to give the clear idea about what report actually contains and efforts made behind the completion of report.
It was assigned us to analyze the Financial Statement of the manufacturing Companies. We choose a well reputed company COLONY MILLS LTD. In this report we have to point out different factors that are necessary to make any investment decision. We start work in different phases that are recasting, trend analysis and ratios. We also take market views about COLONY MILLS Limited. . By working at this company we find so many useful insights about manufacturing sector.
Manufacturing Industry sector has a good impact economy of Pakistan. This is most growing industry of Pakistan. This sector contributes a major portion to our export and also the total Gross Domestic Product (GDP).
This sector gives great employment to our population.
Suzanna's Super Quality Soft Drink EXECUTIVE SUMMARY The focus of this report is an outline of a situational analysis of a company that experience some problems and the management strategies to solve it. Problems that occurred includes: ? Poor quality control and product quality has fallen? Major occupational health and safety concerns? Very high absenteeism and low productivity? Increased ...
Company is planning to diversify its business so to have more benefits to its stakeholders.
SWOT analysis is also a part of this report. This shows company’s strengths, weaknesses, opportunities and threats.
INTRODUCTION OF COLONY MILLS
Colony Mills Limited is a Pakistan-based company. The Company is principally engaged in the manufacturing and sal of yarn. It offers a variety of yarn including carded and combed, slab and core yarn, single and double yarn, made from 100% cotton and synthetic material, catering to the needs of knitting and weaving consumers in domestic and international markets.
The Colony Group is one of Pakistan’s oldest and the most revered business groups. The Group has grown phenomenally and has become a leading player in all the sectors in which it operates. The Group has set up different companies whose activities span various sectors like Textiles, Sugar and Distillery.
HISTORY OF COLONY MILLS
The Colony Group was founded in 1986 with a focus on providing high net worth families and individuals with intelligent wealth management and investment guidance. Since its founding, the firm has grown substantially, attracting corporate and institutional clients.
Recognizing the importance and success of its investment management capabilities, The Colony Group established Colony Investment Management as a separate division, through which it has built an experienced, talented team of Chartered Financial Analysts and other investment professionals dedicated to delivering out performance over full market cycles. Our proprietary, research-intensive approach is implemented through a defined, systematic, and repeatable investment process.
OFFICERS AND DIRECTORS
Fareed M. Shiekh >
Chairman of the Board, Chief Executive
Mehboob Ahmad >
Chief Financial Officer
Zahoor Bandey >
Najeeb Ullah Khan >
Head – Internal Audit
M. Akram Qureshi >
It’s a honor to be ‘ere today with y’all Congressmen. I came ‘ere today to speak to y’all about the workin’ conditions in the Carnegie Steel Mill Company. We work twelve hour shifts, seven days a week. We don’t get any breaks, only the lucky ones who seem to find a minute or two to spare can get some breaks. Most don’t bring in food ‘cus we don’t have any time to eat while we work. We earn ten ...
Muhammad Farooq >
Syed Arif Hussain >
Muhammad Azam Barki >
Malik Sohail Ahmed > Director
Ismail Aiwan-e-Science Bldg 205, Ferozepur Road
Products of colony mills.
COLONY TEXTILE MILLS LIMITED.
Established as a textile manufacturing unit on 24th August, 1946, Colony Mills Limited is engaged in the production and manufacturing of different types of yarns of various counts. The company has a healthy portfolio of income generating assets that crossed total revenues of 7.0 billion rupees in the year ending June 2008.
100% cotton carded and combed yarns, lycra/spandex core spun and slub yarns
100% polyester and 100% viscose yarns along with various blends, polyester viscose yarn, and yarns of polyester cotton and polyester viscose blends in the range of 6 to 80 Ne (Number English) Counts.
A state-of-the-art Open-End Spinning production facility is under construction. It will be the first of its kind facility in the country, with 2,880 rotors capable of producing 15,000 Metric Tons of yarn annually, including slub yarns.
Colony Sugar Mills Limited
In a continued bid to diversify its portfolio, the Colony Group recently acquired two sugar plants in Phalia and Mian Chanu:
Colony Sugar Mills Limited (Mian Channu)
Conversion of Sugarcane into refined sugar
4,500 Metric Tons per day of Sugarcane
Projected Annual Turnover
Over Rs. 1.00 Billion or US$ 15 Million
Colony Sugar Mills Limited (Phalia)
Conversion of Sugarcane into refined sugar
Production of Ethanol from the refined sugar waste
7,500 Metric Tons per day of Sugarcane
Distillery Plant Capacity
125,000 liters per day of Ethanol.
SOCIAL RESPONSIBILITY OF COMPANY.
At COLONY, we believe in business with integrity and social responsibility. One of our main corporate objectives is to pursue ethical growth in business.
Intangible Assets: An intangible asset, despite not having a physical form to it, has great value to a company and is to be disclosed in the financial reports. Some companies only disclose the brand and goodwill as their only intangible assets, while others include more such as software and the company trademarks (Loftus et al. 2012). The Accounting Standard AASB 138 advises businesses on the ...
Effective Waste Management Systems at all the production plants.
Awarded Oeko-Tex Standard-100 as recognition for our continued attention for environmental concerns
Our policies are not restricted to environment only; therefore, we are engaged in a continuous effort to reduce under age employment from our production facilities.
INTERNAL STRUCTURE/COMMITIES OF COLONY MILLS LIMITED
The different comities of colony mills are as follows.
This is the most effective and prime committee of the board,it has the ital role in the compliance of the internal controls so as to safeguard he interests of company through monitoring of internal audit functions and risk management policies.
This committee is responsible for setting overall corporate objectives and strategies, Identification of opportunities ,monitoring the business strategies and plans and there after the successful implementations of those plans.
Human resource committee.
This committee determines the compensation package for all cadres of the company s employee. The committee is also responsible to create and maintain conductive working environment that instill trust & ensure respect, fair treatment and development opportunity.
The technical committee acts in an advisory capacity to the CEO, Provides recommendations relating to technical affairs to the company, formulation of technical policies required under the code of corporate governance.
The role of finance committee is to review and recommend the financial targets, annual and quarterly budgets, approval of expenditures for amounts with in its limits, investment of the surplus funds of the company and financial policies.
The management ensured that all requirements of the code of corporate governance were compiled with the statement of compliance with best practices of code of corporate governance is annexed.
Accounting, per se, is based on five types of accounts namely: assets, liabilities, equity, income and expense. These account types belong either of the Balance sheet accounts or Income and Expense accounts. Assets, liabiliites, and equity fall under the balance sheet account and the rest goes to the income and expense accoutnts. Definining each, asset is composed of a group of things that an ...
Our team of workers, supervisors and managers is greatly appreciated for their commitment, dedication and consistent hard work.
COLONY MILLS LTD
AS ON 30,june, 200__
Colony mills limited
Summarized Balance Sheet
As On 30,june,200___
2005 2006 2007 2008
Rs.(000) Rs.(000) Rs.(000) Rs.(000)
Cash & Bank Balance 65352792 4419673 4414338 32066725
Short Term Investment 146685782 812209813 433627562 466030145
Trade Debts 192852005 166085822 305086776 331929726
Loans & Advances 126920420
Short Term Deposits 479330738
Other Receivable 12082974 174612533 504451730 793984464
Stores & Spares 29631906 64802911 73473064 120827747
Tax Refunds due from Government 11560127 42140864 83795404 122130069
Stock in Trade
Raw Material 610612647 869248471 1092423524 1606823241
Working in Process 71558000 80378369 89887439 87496286
Finish Goods 308959531 284348296 210140198 265973244
Assets held for disposal 318422562 484322562
Real etate property held for trading 491215801
Total Current Assets 2055546922 2816669314 3281622597 4318477448
Work in Progress 415822597 281606595 267457672 1284218441
Plant & Machinery at cost 2829766453 2565266237 3946861781 4705633505
Less: Depreciation 471957286 471957286 775926523 926890172
2357809167 2093308951 3170935258 3778743333
Other 471957286 2578278895 2385825526 2463964046
Total Fix Assets 3245589050 4953194441 5824218456 7526925820
Long Term Security Deposit 16716122 2451716 18576122 787243175
Long Term Investment 3133116 18111122 4525998 18576123
Total Assets 5320985210 7790426593 9128943173 12651222566
LIABILITIES & EQUITY
Trade & Other Payables
Creditor 55732274 203703650 557745562 1965521987
Bills Payable 721273762 155321385 606225694
Purpose: To find the relationship between (1) total voltage and their individual amounts, (2) total current and their individual amounts, and (3) total resistance and their individual amounts. Procedure: We first gathered our materials that included a battery, resistors, an amp meter, and a volt meter. We then set up our lab, starting with the series circuit (see diagram). To start off the lab we ...
Advance Payments 7709133 27891258 2211614 19486443
Other 87102659 85230590 95733842 113093543
Total Trade & other Payables 871817828 472146883 1261916712 2098101973
Accured Interest & Mark Up 68832214 88489407 96132098 167589397
Short Term Borrowing 799537736 1866403904 1592203909 2264788587
Tax 64786639 48290819 28999380 35907313
Current Portion of Non Current Liabilities 208404027 291884397 262529592 539916788
Provision against contingent liabilities 31417382
Total Current Liabilities 2013378444 2798632792 3241781691 5106304058
NON CURRENT LIABILITIES
Loan from related parities 45454920
Liabilities against asset 12099318 44019429 74154515 132569317
Long term financing 1089550531 1974621760 2415894313 4179440783
other 912529335 340051740 248050727 326557758
2059634104 2358692929 2738099555 4638567858
STOCK HOLDER EQUITY
Issued Capital 250000000 2441763000 2441763000 2441763000
Capital Reserve 157738584 191337872 707298927 464587650
unappreciated profit 338622672
Total Equity 746361256 2633100872 3149061927 2906350650
Surplus on Fix Asset 501611406
Total Liabilities & Equity 5320985210 7790426593 9128943173 12651222566