dg khan cement corporate laws and regulations

7/29/2019 DG Khan Cement Corporate Laws and regulations

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Dera Ghazi Khan

Cement CompanyCOMPANYS CORPORATE LAWS AND REGULATIONS


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Vision:

To transform the Company into a modern anddynamic cement manufacturing company with

qualified professionals and fully equipped to playa meaningful role on sustainable basis in the

economy of Pakistan.


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Mission:

To provide quality products to customers andexplore new markets to promote/expand sales o

the Company through good governance andfoster a sound and dynamic team, so as toachieve optimum prices of products of the

Company for sustainable and equitable growthand prosperity of the Company.


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Symbol Listing Auditors

DGKC(Dera GhaziKhan Cement)

Karachi StockExchange

Lahore Stock

Exchange

Islamabad StockExchange

A.F. Ferguson &Company CharteAccountants


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Standards and Certifications:

Standards Certifications for export.

The Company is ISO 9001-2008 and ISO 14001-2004 certified systems.


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Establishment:

Established as a private Limited Company in year 1978.

Started its Commercial operations in April 1986

In 1992 the company was acquired by Nishat Group ofCompanies.

In September 1992 Company listed in all StockExchanges of the Country.


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Plant Sites:

There are total 5 plants:

4 in DG Khan established in year 1986, 1992, 1998 and2005 with total capacity of 16400 million tons.

1 in Khair Pur established in year 2007 with 13400 milliontons capacity.


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Products:

Ordinary Portland Cement

Sulphate Resistant Cement


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Directors:

Mrs. Naz Mansha

Director/Chairperson

Mian Raza Mansha

Director/Chief Executive

Mr. Khalid Qadeer Qureshi

Mr. Farid Noor Ali Fazal

Dr. Arif Bashir

Ms. Nabiha Shahnawaz Cheema

Mr. Inayat Ullah Niazi


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Aurangzaib Shahbaz


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Memorandum ofAssociation


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1-Name Clause

The name of company is D.G KHAN CEMENT COMPANY LIMITED.


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2-Location Clause

Registered Office

Nishat House, 53-A, Lawrence Road, Lahore-Pakistan


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3-Object Clause

To purchase all sort of raw material for the use in factory andproduction units of the company.

To establish branch in country and abroad with objects ofcompany.

To carry on business of manufacturer, importer and exporter in allkind of goods and commodities.

To establish laboratories and research and development center toconduct research for the businesses of company.

To invest surplus funds of the company.


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4-LIABILITY CLAUSE

The liability of shareholders of company is limited.


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5-CAPITAL CLAUSE

The authorize capital of company is 3,000,000,000 (rupees three billiononly) divided into 250,000,000 ordinary shares of Rs. 10/- each and50,000,000 Preference shares of Rs. 10/- each.


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Amir Iqbal


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Articles ofAssociation


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Table A


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Registered Office


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Public Limited Company


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Transfer And Transmission


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Alteration of Capital


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Audit Committee


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Arbitration


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Winding Up


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Umer Arshad


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Directors Report to

members


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Business Outlook:

After 2007 & 2008 budgetary meltdown, the planet is currentlySeeing another succession of alerting scenarios, from Middle Eastunrest to USA monetary debilitating .

Geological ranges have multitudinous check on our nation.

Our updated GDP development remained at 3.7% from basicallyArranged 4.2% in 2012 .


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Global Cement Industry

All inclusive concrete industry develop progressively with the vastmajority of the Activities occurring in developing economies .

Development, as globe economy is stabilizing and developmentactions are moreover grabbing opposite worldwide showcases intothe Afterward decade. Because of prospective expand in bondmandate


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PAKISTAN INDUSTRY :

The situations that plague Pakistan's concrete industry the previousyear Appear to be proceeding in 2012. Expanded rivalry from TheMiddle East has seriously influenced the nation's fare market.Pakistan's bond industry's evaluated limit is 44 million tones For everannum and industry's normal operations throughout FY12 was Abou73% as contrasted with 74% the previous year .


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OTHER POINTS ARE :

Informative content Systems : Gift to National ECONOMY :

SENSITIVE FACTORS

Future PLANS :Money stream Management :

AUDIOTERS :


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AUDITORS' REPORT TO THE MEMBERS

We have evaluated the attached solidified monetary explanations containingunited accounting report of D.G. Khan Cement Group Limited (the HoldingCompany) and its subsidiary group (hereinafter pointed to as 'the Group') as aJune 30, 2012 .

IT GI

M/s KPMG Taseer Hadi & Company, Chartered Accountants, whose reportdated September 7, 2011 communicated an unqualified

presumption thereon. A. F. Ferguson & Co.

Chartered Accountants

Lahore,

Name of engagement partner: Muhammad Masood

VES TRUE AND FARE VIEW .


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Waqas Ali Hayder


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Statement ofCompliance with the

Code of CorporateGovernance


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The company has applied the principles contin the CCG with following manner:

1. The company encourages the representation of non-executive dire

Non Executive Directors: Mrs. Naz Mansha

Mr. Khalid Qadeer Qureshi

Ms. Nabiha Shahnawaz Cheema


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2. The directors have confirmed that none of them is serving as a directhan seven listed companies.

3. All the resident directors of the company are registered as taxpayer

4. A complete record of particulars of significant policies along with thwhich they were approved or amended has been maintained.

5. Three ( 3 ) Directors of the Company are exempt from directors trainprogramme due to 14 years of education and 15 years of experiencboard of a listed company.


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Casual Vacancy

6. A casual vacancy occurred in the Board on October 14, 2011 dueto sad death of Mr. Zaka Ud Din and the same was filled up by theBoard of directors on October 22, 2011.

7. No new appointment of CFO, Company Secretary and Head ofInternal Audit has been approved by the board.

8. The directors, CEO and executives do not hold any interest in theshares of the company other than that disclosed in the pattern ofshareholding.


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9. The board has formed an Audit Committee. It comprises 3 membersare non-executive members.

10. The board has formed an HR and Remuneration Committee. It commembers, of whom 2 are non-executive directors

11. The board has set up an effective internal audit function

12. We confirm that all other material principles preserved in the CCG hfulfilled.

A l l ti


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Annual general meeting

Date:It is held on 24 october 2012

Time:

Wednesday at 11:00 AM

Place:

Nishat House 53-A, Laurence Road, Lahore

A d f ti


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Agenda of meeting

To obtain and approve Audited Consolidated Financial Information.To approve Financial Cash dividend @ 15% as suggested by theDirectors.

To select the auditors for the year ending June 30, 2013 and fix theirpayments.

L l d i d A dit


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Legal advisors and Auditcommittee

Mr. Shahid Hamid, Bar-at-law is the legal advisor of the company. Mr Khalid Qadeer Qureshi is the chairman of the audit committee

Mr. Muhammad Azam is the member of the company


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The trend of dg cement is bullish

DGKC mainly stems from continuously improving core operations asolid cement price levels and soft coal prices underscore significanjump in core business


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C l i


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Conclusion

DG Khan Cement Co. Ltd is Working efficiently according

to the laws of Pakistan. And also

playing a vital role in economy

of Pakistan


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ThankYou..

dg khan cement corporate laws and regulations

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