Johnson & Phillips Pakistan : Transmission of Annual Report for the Year 2023-06-30

Contents

Company Information			3
Code of Conduct			4
Notice of Annual General Meeting (English/Urdu)		5
Six Years Financial Review			11
Chairman's Rewiew (English/Urdu)			12
Director's Report (English/Urdu)			14
Statement of Compliance With Listed Companies		27
(Code of Corporate Governance) Regulations, 2023
Rewiew Report on the Statement of Compliance Contained in The Listed Companies	29
(Code of Corporate Governance) Regulations, 2023
Auditor's Report to the Members			30
Statement of Financial Position			33
Statement of Profit or Loss and other Comprehensive Income		34
Statement of Changes in Equity			35
Statement Cash Flow			36
Notes to the Financial Statements			37
Pattern of Shareholding			63
Form of Proxy (English/Urdu)			65
		Annual Report 2023	01	Johnson & Phillips (Pakistan) Limited

Our

V i s i o n

To achieve market leadership in

our core business

build on innovative technology deliver quality products

at

competitive prices and

maintain our history of pioneering

Our

M i s s i o n

Continuous improvement in our operating standards, anticipating and meeting our customers'expectation

Eager to learn, strive to succeed and keen to please

Aim high, stay focused and leave nothing to chance

To provide, career growing oppertunities to the talented professionals.

		Annual Report 2023	02	Johnson & Phillips (Pakistan) Limited

Company Information

Board of Directors
	Mrs. Zainab Anis Mianoor	Chairman
	Mr. Anis Mianoor	Direwcr/CEO
	Mr. Umair Mianoor	Director
	Mr. Amin Khanani	Director
	Mr. Usman Mianoor	Director
	Mr. Hanif Chamdia	Director
	Mrs. Uroosa Mianoor	Director
Board of Audit Committee
	Mr. Amin Khanani	Chairman
	Mr. Umair Mianoor	Member
	Mrs. Uroosa Mianoor	Member
Board of HR Committee
	Mr. Hanif Chamdia	Chairman
	Mr. Usman Mianoor	Member
	Mrs. Zainab Anis Mianoor	Member
Chief Financial Officer (CFO)	Mr. Syed Muhammad Shahid
Company Secretary	Mr. Hanif Hussain
Internal Auditor	Mr. Tariq Ilyas
Legal Advisor	Mr. Muhammad Yousuf (Advocate)
Auditors	M/s. Reanda Haroon Zakaria & Company
	Chartered Accountants
	Room No. M1-M4, MEZZANINE Floor, Prograsive Plaza,
	Plit No. 5-C1-10, Civil Lines Quarter, Beaumont Road,
	Near Dawood Centre, Karachi-75530, Pakistan
Share Registrar	C & K Management Associates (Pvt) Ltd.
	404, Trade Tower, Abdullah Haroon Road,
	Near Metropole Hotel, Karachi-75530
Bankers	Silk Bank Ltd.
	Soneri Bank Ltd.
	Habib Metropolitan Bank Ltd.

Registered Office

C-10, South Avenue, SITE, Karachi-75700

Tel: [phone],.Fax: [phone]

Website: www.johnsonphillips.pk E-mail: Johansonphillips@cyber,net,pk

		Annual Report 2023	03	Johnson & Phillips (Pakistan) Limited

CODE OF CONDUCT

OBJECTIVE:

The objective of Johnson & Phillips (Pakistan) Limited is to engage efficiently, responsibly and profitably in the manufacturing, installation and sale of electrical equipments.

RESPONSIBILITIES TOWARDS STAKEHOLDERS:

To achieve the objectives, the Company recognizes its responsibilities towards its shareholders, customers, employees and to those with whom it does business, and the society at large.

EMPLOYEE:

The Company expects all its employees to demonstrate, honesty integrity and fairness in all aspects of its business.

• To obey Company policies and values.
• The Company provides all employees with equal opportunities.
• The Company doing its best to provide job satisfaction.
• Good working environment to motivate the employees.
• The Company ensures that employees avoid conflict of interest between their private financial activities and their activities and their professional role in conducting Company business..

BUSINESS RESOURCES:

The Company safeguards its resources and does not allow the use of confidential information (manual or electronic) for personal gain.

Does not allow use of any inside information (directly or indirectly) about the organization for personal profit.

Does not make any misleading entries into the company book of accounts.

SOCIAL RESPONSIBILITIES:

The Company acts in a responsible manner within the law of Pakistan , in pursuant of its legitimate commercial objectives.

To fulfill all legal requirements of the Government and its regulatory bodies, follow relevant and applicable laws of the country.

The Company does not support any political party or contributes funds to group whose activities promote party interests.

The Company recognizes its social responsibility and contributes to community activities.

FINANCIAL REPORTING & INTERNAL CONTROL:

To implement an effective and transparent system of financial reporting and internal controls to safeguard the interest of our share holders and fulfill the regulatory requirements.

CONFLICT OF INTEREST:

All the decisions of the management are in the interest of the Company and the activities and involvement of the directors and employees in no way conflict with the interest of the Company.

ENVIRONMENT PROTECTION:

To protect environment and ensure health and safety of the work force and well being of the people living in the adjoining areas of our plant.

QUALITY ASSURANCE:

The Company is ISO 9000-2001 certified company and committed to provide products which consistently offer value in terms of price, quality, customer satisfaction and are at the same time safe for their intended use, to satisfy customer needs and expectations.

The Board of Directors ensures that the above principles are compiled with through its Audit Committee constituted for this purposes.

		Annual Report 2023	04	Johnson & Phillips (Pakistan) Limited