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Ittehad Chemicals LimitedIntroduction
Ittehad Chemicals Limited (ICL) was established in 1962 under the name of United Chemicals by a private entrepreneur. ICL was commissioned in the year 1964 with an installed capacity of 40 MT/day of Caustic Soda. The initial plant was set up by M/S Oronzio Denora of Italy.
The factory is tactically located on the 19th/20th Kilometer of GT Road and spread over an area of 106 acres. It is approachable from the Lahore-Islamabad Motorway as well as from the main city of Lahore.
To be sustainable and growth oriented Companywho plays a competitive role in industryand adds value to economy through excellence in technological advancement and qualityproducts
Our Vision
Financial Performance
By the grace of Almighty Allah, we have succeeded in improving
performance by continuing the growth momentum that delivered 19%
turnover increase over last year. Despite the challenges, the Company's
operating profit increased by 15% to Rs. 379.948 million versus
Rs.330.997 million of the previous year. Profit before tax hasincreased
by 58% to Rs. 192.019 million. The profit after tax of Rs. 128.637 was
Earned for the year as compared to Rs. 118.763 of the previous year,
reflecting an increase of 8%. The increase in profitability during the
current year as compared to the previous year is mainly attributable to
impact of revision in selling prices of the products and better
availability of gas supply during the last quarter. Correspondingly,
earnings per share (EPS) rose to Rs. 3.57 versus Rs. 3.30 of the
preceding year.
Directors’ Report to Shareholders
A brief financial analysis is presented as under:
Financial Highlights
Our Mission
The mission of Ittehad is to be
A Company built on sound financial footings and achieves excellent operating results
through superior efficiency and cost control
A Company that consistently benefits its stakeholders through enhanced Profitability
A Company that achieves a high level of customer care service by providing quality
products and positive feedback
A Company that provides excellent working environment to its employees that assists in
enhancing their strengths and abilities, create a culture that fosters motivation and
promotes individual growth and care
A Company that contributes towards a good corporate citizenship and sets Highest
standards in serving the society.
The present auditors M/s. BDO Ebrahim & Co., Chartered Accountants, retire
and being eligible offer themselves for re-
appointment for the year 2012-13. As suggested by the Audit Committee, the
Board of Directors has recommended their
re-appointment as Auditors of the Company for the ensuing year subject to
approval of the members in the forthcoming
Annual General Meeting. The external auditors have been given a satisfactory
rating under the Quality Control Review
by the Institute of Chartered Accountants of Pakistan.
Auditors
Profit and Loss Account
Balance SheetAs at June 30,2012
Cash flow Statement
Cash flow Statement
Statement of change in equity for the year ended June 30,2012
Submitted To:Sir Bilal
Submitted By:Khurram Shehzad 2014-ag-
222Muhammad Fahad 2014-
ag-259Hazrat Nosh 2014-ag-
169Umair Saleem 2014-
ag-160Umair Sidduqe
Thanks