Sakrand Sugar Mills : Presentation to be given in the Corporate Briefing Session (CBS)

CONTENTS

1.Company Overview

1. Business & Financial Analysis
2. Operating Results & Overview
3. Financial Results & Overview

5. Auditors' Report & Future Outlook

1. Key Factor to be considered
2. Question & Answer

Company Information

BOARD OF DIRECTORS

Mr. Saleem Zamindar	Chairman / Director
Mr. Dinshaw H. AnKlesaria	Director
Mr. Shams Ghani	Director
Mr. Muhammad Jamshid Malik	Director (Resigned on February 23,2023)
Miss. Sadia Moin	Director
Mr. Muhammad Saleem Mangrio	Director
Mr. Abdul Qayyum Khan Abbasi	Director
Mr. Muhammad Omar Arshid	Director (Appointed on March 15,2023)
AUDIT COMMITTEE
Miss. Sadia Moin	Chairperson
Mr. Saleem Zamindar	Member
Mr. Muhammad Saleem Mangrio	Member
HR COMMITTEE
Mr. Abdul Qayyum Khan Abbasi	Chairman
Mr. Muhammad Omar Arshid	Member
Mr. Shams Ghani	Member

CHIEF EXECUTIVE OFFICER

Mr. Mansoor Afzal Subzwari

CHIEF FINANCIAL OFFICER

Mr. Shams Ghani

COMPANY SECRETARY

Mr. Muhammad Yousuf Qureshi

STATUTORY AUDITOR

UHY Hassan Naeem & Co.

Chartered Accountants

LEGAL ADVISOR

Mr. Muhammad Jamshid Malik

REGISTRAR

M/s. JWAFFS Registrar Services (Pvt.) Ltd.

407-408 Ameera Centre

Shahrah-e-Iraq, Saddar, Karachi-74400

REGISTERED OFFICE

41-K,Block-6, P.E.C.H.S., Karachi Phone : [phone]

www.Sakrandsugar.com

FACTORY ADDRESS

Deh Tharo Unar, Taluka Sakrand District Shaheed Benazir Abad, Sindh

INTRODUCTION

Sakrand Sugar Mills Limited was incorporated in Pakistan as a public limited company under the Companies Ordinance, 1984 [Repealed with the enactment of Companies Act, 2017], on March 02, 1989 and its shares are quoted on Pakistan Stock Exchange.

The registered office of the Company is situated in 41-K,Block-6, P.E.C.H.S, Karachi while the Company's mill is situated at Deh Tharo Unar, Taluka Sakrand, District Shaheed Benazirabad, Sindh, Pakistan, having an area of 102.18 acres.

The Principal business of the Company is the manufacture and sale of sugar. Its Principal activities includes Manufacture and sale of Sugar, Molasses, Bagasse and Compost Fertilizer.

The Sugar plant has a Crushing capacity of 6,500 matric tons of sugarcane per day.

ABOUT THE ECONOMY & INDUSTIRES

Currently, Pakistan is termed as amongst top 20 countries in terms of area under cultivation of the sugar cane crop, and production. Sugar cane is the primary raw material for production of sugar. After Textiles, sugar industry in Pakistan is the largest agro based industry, Pakistan is an agricultural country, and agriculture is the backbone of economy. Pakistan is one of the main producers of sugar worldwide.

During the year under review sugar production in country was 7.9 million metric tons, 38% higher as compared to previous year. This production was recorded as the highest of sugar production in Pakistan, Whereas national sugar consumption is around 6.8 million metric tons and created surplus. PSMA consistently tried for export permission but of no avail which led to huge pile up for sugar stock in the domestic market.

The 2022-23 sugarcane harvested area is slightly reduced in province of Sindh due to the impacts of the recent flooding in key production areas. While sugarcane is more resilient to flooding than other crops, the persistence of standing water and stalk lodging is expected to disrupt cane collection in Sindh province. As a result, estimated harvested area is reduced and the forecast for sugarcane production is lowered as compared to previous season. Similarly, with the expected decline in cane output, the cane sugar production will also be reduced while comparing to previous season.

During the last crushing season, Pakistan finally completed successful implementation of the Track and Trace system in the sugar industry, hoping to bring large quantities of previously under reported sugar production into the documented economy.