Ghani Value Glass Limited

1 CONTENTS. Corporate Information 02. Vision and Mission 03. Chairman's Review 04. Directors' Report 05. Statement of Compliance 10. Key Operating Data and Financial Ratios 12. Review Report 13. Auditors' Report to the Members 14. Balance Sheet 15. Statement of Comprehensive Income 16. Cash Flow Statement 17. Statement of Changes in Equity 18. Notes to the Accounts 19. Notice of Annual General Meeting 34. Pattern of Shareholding 36. Form of Proxy Ghani Value Glass Limited 01. CORPORATE INFORMATION. BOARD OF DIRECTORS Chairman Mr.

2 Awais Ahmad Directors Mr. Imtiaz Ahmad Khan Mr. Anwaar Ahmad Khan Mr. Aftab Ahmad Khan Mr. Junaid Ghani Mr. Obaid Ghani Mr. Jubair Ghani Mr. Ibrahim Ghani Ms. Afifa Anwaar Mrs. Javaria Obaid CHIEF EXECUTIVE OFFICER Mr. Anwaar Ahmad Khan AUDIT COMMITTEE Chairman Mr. Junaid Ghani Members Mr. Awais Ahmad Ms. Afifa Anwaar HR & R COMMITTEE Chairman Mr. Aftab Ahmad Khan Members Mr. Junaid Ghani Mr. Jubair Ghani CHIEF FINANCIAL OFFICER Mr. Umer Farooq Khan COMPANY SECRETARY Hafiz Mohammad Imran Sabir AUDITORS EY Ford Rhodes Chartered Accountants SHARE REGISTRAR Corplink (Pvt) Ltd Wings Arcade, 1-K Commercial Area Model Town, Lahore, Pakistan Phones : (042) 35916714, 35916719.

3 Fax : (042) 35869037. BANKERS Habib Metropolitan Bank Limited (Islamic). MCB Bank Limited (Islamic). MCB Bank Limited (Conventional). Albaraka Bank (Pakistan) Limited Bank Alfalah Limited (Islamic). Askari Bank Limited (Islamic). Bank Al Habib (Islamic). The Bank of Punjab (Islamic). HEAD OFFICE & 40-L Model Town, Lahore, Pakistan REGISTERED OFFICE UAN: (042) 111 949 949, Fax:(042) 35172263. E-mail : PLANT Hussain Nagar District Sheikhupura Ph: (056) 3406171. Ghani Value Glass Limited 02. VISION & MISSION.

4 Vision & Philosophy Nothing in this earth or in the heavens Is hidden from ALLAH. To indulge in honesty, integrity and self determination, To encourage in performance and Most of all to put our trust in ALLAH, So that we may, eventually through our efforts and belief, Become the leader amongst Glass manufacturers of South Asian Countries Mission Statement To be successful by Effectively & efficiently Utilizing our Philosophies, so that We achieve & maintain Constantly the High Standards of Product Quality And Customer Satisfaction Ghani Value Glass Limited 03.

5 CHAIRMAN'S REVIEW. Dear Shareholders, I would like to welcome our esteemed shareholders at the Annual General Meeting of the Company. During the year under review, the performance of the company has been impacted by tough competition. The board of directors has performed satisfactorily. They have succeeded to control distribution, administrative and finance costs. Furthermore, the net profit has shown positive move. The Board is composed of Directors with the relevant skills and competencies and of an appropriate mix in terms of relevant experience.

6 The Board has substantially complied with the provisions of the Code of Corporate Governance. The Board operates an efficient Committee system that sees Directors effectively participating in Board Committees. The Directors attendance in the board meetings is satisfactory. The Board Committee meetings have also been held on regular basis. We look forward and strive for the improved performance and effective participation of the board enabling the company to achieve best of the business conduct. Lahore: October 26, 2017 Awais Ahmad Chairman Ghani Value Glass Limited 04.

7 DIRECTORS' REPORT. In the name of Allah, The Most merciful and The beneficent The Directors of your Company are pleased to present the annual report along with audited Financial Statements for the year ended June 30, 2017. Financial Performance During the financial year ended June 30, 2017, the Net Revenue of the Company has been recorded as Rupees 827 million as compared to Rupees 841 million for the preceding year. Gross Profit has decreased to Rupees 61 million as compared to Rupees 93 million for the last year.

8 Profit after Tax has increased to Rupees 20 million as compared to Rupees 19 million for the last year. Earnings per share has been recorded as Rupees as compared to Rupees for the last year. The financial performance of the company has been impacted by tough competition. The highlights of the Operating and Financial results of the Company are as follow: Highlights 2017 2016. (Rupees in Thousands). Net Sales 826,785 841,209. Gross Profit 61,216 92,784. Profit before Tax 12,724 19,695. Profit after Tax 20,304 18,546.

9 Earning per Share Company has been producing a diversified range of Value added Glass products such as silver coated mirror, aluminum coated mirror, tempered & double glazed Glass and sand blasted Glass products. During the year under review, net sale has been recorded as Rupees 827 million as compared to Rupees 841 million. NET SALES. (RUPEES IN THOUSAND). 2017 826,785. 2016 841,209. 2015 670,192. 2014 630,923. 2013 570,011. 2012 521,424. Ghani Value Glass Limited 05. Gross Profit has dropped to Rupees 61 million as compared to Rupees 93 million for the last year.

10 GROSS PROFIT. (RUPEES IN THOUSAND). 2017 61,216. 2016 92,784. 2015 72,625. 2014 67,369. 2013 70,442. 2012 45,862. Profit after tax has increased to Rupees 20 million as compared to Rupees 19 for the last year. PROFIT AFTER TAX. (RUPEES IN THOUSAND). 2017 20,304. 2016 18,546. 2015 21,007. 2014 24,045. 2013 25,686. 2012 25,621. FIXED ASSETS. (RUPEES IN THOUSAND). 2017 393,247. 2016 356,139. 2015 356,479. 2014 219,538. 2013 198,149. 2012 192,505. Ghani Value Glass Limited 06. TOTAL ASSETS. (RUPEES IN THOUSAND).