It is a public limited company incorporated in the province of Punjab having its registered office situated at Liaquatabad Road, Faisalabad. The principal activity of the company is manufacture and sale of yarn. Its manufacturing facilities are located in Tehsil Jaranawala District Faisalabad.
In a short span of around 12 years the capacity of this spinning unit enhanced from 14,400 ring spindles to 24,960 ring spindles. The company's acquiring of ISO 9001-2000 certification evidences its resolve of its emphasis on commitment to customer service and quality.
It can produce 8 million kgs of high quality yarn per year on the basis of 3 shifts a day. To ensure uninterrupted power supply the company is installing 3 Jenbacher natural gas generating sets.
Its balancing/modernisation/expansion (BMR&E) of machinery is underway. This includes 14 ring frames, 2 drawing machines, 2 autoconers, one air compressor and 5 Truetzschler Cards.
The factory has remained operational throughout the period under review (HY 2003-04). The total production during the period was recorded at 4.27 million kgs after conversion into 20's count of yarn. This is substantial improvement over the previous corresponding period's (HY 2002-03) output of 3.59 million kgs.
The company has earned pre-tax profit of Rs 2.14 million as compared to pre-tax loss of Rs 8.41 million in the corresponding period last year. It has been stated in the half yearly report that cotton rates had jumped to Rs 3500 during the current season but afterwards stabilised at Rs 3200 per maund.
Polyester rates also increased to Rs 75.50 per kg. yarn prices remained under pressure upto January 2004 but the market was improving gradually to meet the ever increasing cost of material and overheads.
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Performance Statistics (Million Rupees)
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Balance sheet -As At-
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March 31 September 30
2004 2003
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Share Capital-Paid-Up: 141.00 141.00
Accumulated (Loss): (130.91) (135.99)
Shareholders Equity: 10.09 5.01
Surplus On Revaluation Of
Fixed Assets: 112.46 115.34
Due to Directors
& Associates: 16.00 16.00
Other L T Debts: 51.74 57.20
Deferred Liabilities: 97.45 99.50
Current Liabilities: 272.96 138.02
Fixed Capital Expenditure: 335.05 316.52
L T Deposits: 2.05 1.55
Current Assets: 223.60 113.00
Total Assets: 560.70 431.07
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Profit & Loss A/c For
The Half Year Ended March 31 2004 2003
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Sales: 300.06 232.41
Gross Profit: 18.10 5.64
Operating Profit/(Loss): 9.40 (0.29)
Other Income: 0.33 0.35
Financial (Charges): (7.47) (8.47)
Profit/(Loss) Before Taxation: 2.14 (8.41)
Profit/(Loss) After Taxation: 2.19 (6.38)
Earning/(Loss) Per Share (Rs): 0.16 (0.45)
Share Price (Rs) on 20-09-04: 4.50 -
Price/Earning Ratio: 28.12 -
Book Value of Share (Rs): 0.71 0.35
Debt/Equity Ratio: 27:73 30:70
Current Ratio: 0.82 0.82
Gross Profit Margin (%): 6.03 2.43
Net Profit Margin (%): 0.72 (2.75)
R O A (%): 0.39 (1.48)
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COMPANY INFORMATION: Chairman: Mian Habib Ullah; Chief Executive: Naeem Omer; Director: Muhammad Saleem Omer; Secretary: Altaf Ahmad Niazi FCA; Registered Office: P-834, Liaqat Road, Faisalabad (Punjab); Web Address: www.bilalfibres.com Head Office/Factory: 38-Km Sheikhupura Road Tehsil Jaranwala, District Faisalabad.
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