Monday, June 22, 2009

Company News

PAKISTAN SERVICES LIMITED - Analysis of Financial Statements June 2002 - June 2008

OVERVIEW (June 22, 2009): Pakistan Services Limited, is an international public company, incorporated in 1958 in Karachi under the Companies Act, 1913 now Companies Ordinance, 1984 as a public limited company and is quoted on Karachi Stock Exchange. The company is principally engaged in hotel business and owns and operates the chain of 5 Pearl Continental Hotels in Pakistan at Karachi, Lahore, Rawalpindi, Peshawar and Bhurban.




Cement: BESTWAY CEMENT COMPANY LIMITED - Analysis of Financial Statements Financial Year 2003-3Q'09
OVERVIEW (June 20, 2009): Bestway Cement Company Ltd (BWCL) is a subsidiary of Bestway Group of United Kingdom. It was listed on Karachi Stock Exchange in February 2001. The company is a major manufacturer and seller of cement. It has a domestic market share of 8%.



BALUCHISTAN WHEELS LIMITED - Analysis of Financial Statements Financial Year 2005 - 2003 Q 2009
OVERVIEW (June 19, 2009): Baluchistan Wheels Limited was incorporated in Pakistan on June 16, 1980. It is engaged in manufacturing and marketing of automotive wheel rims for trucks, buses, tractors, cars and mini commercial vehicles. It is a vendor participating in import substitution, supplying wheels to Original Equipment Manufacturers (OEMs) and is associated with world renowned OEMs.



Insurance: PAKISTAN REINSURANCE COMPANY LIMITED - Analysis of Financial Statements C Year 2003 - 2001 Q C Year 2009

OVERVIEW (June 18, 2009): Formerly called the "Pakistan Insurance Corporation", PRCL is the only professional reinsurance organization operating in Pakistan. The principal business of the company is provision of insurance and reinsurance services in all classes except life. The organization became a company in 2001.




Bank: ASKARI BANK LIMITED - Analysis of Financial Statements C Year 2004 - C Year 2008

OVERVIEW (June 17, 2009): Formerly known as "Askari Commercial Bank Limited", Askari Bank Limited was incorporated in Pakistan on October 09, 1991 and commenced its operations in April 1992 as a public limited company. The bank is registered on all the three stock exchanges of Pakistan. The bank has 200 branches (2007: 150 branches), 199 in Pakistan and Azad Jammu and Kashmir, including 18 Islamic banking branches.




EFU LIFE ASSURANCE LIMITED - Analysis of Financial Statements CY'04-1Q'09

OVERVIEW (June 16, 2009): EFU Life Assurance Limited (EFU Life) was incorporated as a public limited life insurance company on August 9, 1992 after the Government of Pakistan had opened up life insurance business to the private sector. The company started its operations from November 8, 1992. The company is engaged in life insurance business carrying on ordinary life business, pension fund business and accident and health business and has established following statutory funds, as required by the Insurance Ordinance, 2000.




Petroleum: SHELL PAKISTAN LIMITED - Analysis of Financial Statements June 2003 - June 2008

OVERVIEW (June 15, 2009): Shell Pakistan enjoys a 100-year history in this part of the world, dating back to 1899, when Asiatic Petroleum, the far-eastern marketing arm of two companies: Shell Transport Company and Royal Dutch Petroleum Company began to import kerosene oil from Azerbaijan into the subcontinent.




Bank: UNITED BANK LIMITED - Analysis of Financial Statements Financial Year 2003-Financial Year 2008
OVERVIEW (June 13, 2009): UBL was established on November 7, 1959. The bank has network of 1,112 domestic branches. UBL has five corporate centres, offering financing solutions to its corporate clients in all the main business centres of the country. The bank became the second largest network provider in Pakistan with 326 ATMs in 83 cities. For the convenience of its customers, UBL started the utility bills payment system facility through its vast ATM network. On the international front, the bank opened two new branches in Qatar and Yemen in 2007. With this the bank's total overseas network expanded to 17 branches.



Jute: THAL LIMITED - Analysis of Financial Statements Financial Year 2003 - Q 2003 2009

OVERVIEW (June 12, 2009): Thal Limited (formerly Thal Jute Mills Limited) enjoys the distinction of being the pioneer industrial project of the House of Habib. The company was incorporated on January 31, 1966 as a public limited company and is quoted on the Karachi and Lahore stock exchanges.




Leasing: ASKARI LEASING LIMITED - Analysis of Financial Statements Financial Year 2004 - H 2001 2009
OVERVIEW (June 11, 2009): Askari Leasing Limited (ALL) was incorporated in Pakistan as a public limited company on August 1, 1993 and was granted certificate of commencement of business on November 3, 1993 with a capital base of Rs 100 million. As of June 30, 2008, its total equity was over Rs 1.2 billion while its balance sheet was nearly Rs 12.4 billion.

No comments:

Post a Comment