Presentation Outlines
Company Briefing1
2
Operating Highlights2
Steps After Acquisition
3
SWOT Analysis
4
Question/Answer Session
6
Acquisition
5 Future Outlook/Projects
7
Commercial
Production
(1983)
Listing on Stock
Exchanges
(1983)
State Cement
Corporation
Pakistan
(Govt. owned)
(Privatization)
Chakwal Group
(1992)
Three Star Group
(2007)
Gharibwal Cement
(2000)
Calicom Industries (Pvt) Ltd
(2019)
Plant Capacity
1,000 TPD
(Mitsubishi Japan)
Incorporation
(1980)
Company Briefing
Profit or Loss 2019 VS 2018
%age
Sales 1,594 100.00% 1,307 100.00% 287 21.97%
Cost of sales (1,937) -121.57% (1,756) -134.37% (182) 10.35%
Gross loss (344) -21.57% (449) -34.37% 105 -23.46%
Distribution cost (9) -0.56% (5) -0.39% (4) 74.48%
Administrative expenses (59) -3.68% (60) -4.60% 1 -2.39%
(68) -4.24% (65) -4.99% (2) 3.64%
Operating loss (411) -25.81% (514) -39.36% 103 -20.02%
Other income 425 26.68% 2 0.15% 423 20908.99%
Other operating expenses (13) -0.79% (31) -2.41% 19 -59.92%
1 0.08% (544) -41.61% 545 -100.23%
Finance cost 609 38.19% (185) -14.17% 794 -428.75%
Profit/(loss) before taxation 610 38.27% (729) -55.78% 1,339 -183.67%
Taxation 15 0.93% 11 0.83% 4 35.53%
Profit/(loss) after taxation 625 39.19% (718) -54.95% 1,342 -186.99%
2019 2018 Variance
… … … … … … … … Rupees In Million … … … … … … … …
Amounts %age Amounts %age Amounts
Net Sales
0
500
1,000
1,500
2,000
2,500
2019 2018 2017 2016 2015
1,594
1,307
1,806
2,347
2,139
Rs.
In
mil
lio
ns
YEARS
In May 2019 the company have been acquired by Calicom
Industries (Pvt.) Limited (CIPL) under the Listed
Companies (Substantial Acquisition of Voting Shares and
Takeovers) Regulations, 2017 and a new board of directors
were appointed. Up to the signing of these financial
statements, CIPL (holding company) has 67,312,925 voting
shares (71% of paid up capital) of the company.
Acquisition
Steps After Acquisition
• Working capital injection of Rs.492 million
• Rescheduling liability of Bank of Punjab
• Rescheduling liability of Bank Islami Pakistan Limited
• Restructuring of Ex-management liabilities
• Annual maintenance
• Change of registered office
• Workers right sizing
The new management would like to address all critical issues head-on and tackle them permanently to lay a solid foundation for futureof this Company. There are two most critical issues; one is thenon-compliance of the current plant to the environmentalstandards and the other is the in-efficiencies in energyconsumption. The resolution of these factors requires acomprehensive Balancing, Modernization and Replacement (BMR)project.
Amid a turbulent market and pessimistic short-term economicconditions, this is a good opportunity to go through this BMRproject, thereby correct our gaps to make the company competitivein all respects. Your company is finalizing the BMR project designand details and will proceed towards securing funding for thisimminent project.
Future Outlook/Projects
Strengths
Quality Raw Material
Ideal Plant Location
Lease License
Land Availability
Weaknesses
Union Agreements
Electricity Cost
Inefficient Production
Low Production level
Opportunities
Rising Demand
Border Distance to India
Power Plant Installation
Threats
High Taxation
Interest rate and inflation
New capacities in pipeline
SWOT Analysis
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