Ferozsons Laboratories : Transmission of Annual Report for the Year Ended 2022-06-30
September 09, 2022 at 05:20 am EDT
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CELEBRATING
75 YEARS OF PAKISTAN
ANNUAL REPORT
2022
TABLE OF CONTENTS
CORPORATE INFORMATION
03
MESSAGE FROM THE CEO
05
OUR VISION, MISSION & VALUES
09
OUR HISTORY
10
PATIENTS TREATED DURING THE YEAR
11
REPRESENTING PAKISTAN INTERNATIONALLY
14
OUR DISEASE AWARENESS INITIATIVES
18
THE IMPACT OF REMDESIVIR
21
NEW BRANDS IN OUR PORTFOLIO
22
OUR COMMUNITY CARE INITIATIVES
24
SUSTAINABLE DEVELOPMENT GOALS
28
DIVERSITY AND INCLUSION REPORTING
30
KEY OPERATING AND FINANCIAL DATA
32
HORIZONTAL ANALYSIS
36
VERTICAL ANALYSIS
37
DUPONT ANALYSIS
38
CHAIRPERSON'S REVIEW
39
DIRECTORS' REPORT
40
DATES AND ATTENDANCE OF BOARD MEETINGS
45
AUDITOR'S REVIEW REPORT TO THE MEMBERS ON STATEMENT
46
OF COMPLIANCE WITH LISTED COMPANIES (CCG) REGULATIONS, 2019
STATEMENT OF COMPLIANCE WITH LISTED
47
COMPANIES (CCG) REGULATIONS, 2019
AUDITOR'S REPORT ON UNCONSOLIDATED
53
FINANCIAL STATEMENTS
UNCONSOLIDATED FINANCIAL STATEMENTS
58
AUDITOR'S REPORT ON CONSOLIDATED
115
FINANCIAL STATEMENTS
CONSOLIDATED FINANCIAL STATEMENTS
120
PATTERN OF SHAREHOLDING
178
NOTICE OF ANNUAL GENERAL MEETING
180
DIRECTORS' REPORT (URDU)
194
FORM OF PROXY
195
Annual Report 2022 | 01
CORPORATE INFORMATION
BOARD OF DIRECTORS
Mrs. Akhter Khalid Waheed
Non-Executive Director
Chairperson
Mr. Osman Khalid Waheed
Executive Director
Chief Executive Officer
Mrs. Amna Piracha Khan
Non-Executive Director
Mrs. Munize Azhar Peracha
Non-Executive Director
Mr. Shahid Anwar
Non-Executive Director
Mr. Arshad Saeed Husain
Independent Director
Mr. Suleman Ghani
Independent Director
AUDIT COMMITTEE
Mr. Arshad Saeed Husain
Chairman
Mrs. Amna Piracha Khan
Member
Mr. Shahid Anwar
Member
Mr. Suleman Ghani
Member
INVESTMENT COMMITTEE
Mr. Suleman Ghani
Chairman
Mr. Osman Khalid Waheed
Member
Mr. Shahid Anwar
Member
HR & REMUNERATION
COMMITTEE
Mr. Arshad Saeed Husain
Chairman
Mr. Osman Khalid Waheed
Member
Mrs. Munize Azhar Peracha
Member
Mr. Shahid Anwar
Member
COMPANY SECRETARY
LEGAL ADVISORS
REGISTERED OFFICE
Syed Ghausuddin Saif
Khan & Piracha
197-A, The Mall,
Rawalpindi, Pakistan
CHIEF FINANCIAL OFFICER
SHARE REGISTRAR
Telephone: +92-51-4252155-57
Fax: +92-51-4252153
Mr. Muhammad Farhan Rafiq
CorpTec Associates (Pvt.) Limited
Email: cs@ferozsons-labs.com
503-E, Johar Town, Lahore, Pakistan
HEAD OF INTERNAL AUDIT
Telephone: +92-42-35170336-37
SALES OFFICE, KARACHI
Fax: +92-42-35170338
House No. 9, Block 7/8,
Mr. Rizwan Hameed Butt
FACTORY
Maqbool Cooperative Housing
Society, Shahrah-e-Faisal,
EXTERNAL AUDITORS
P.O. Ferozsons, Amangarh
Karachi, Pakistan
Nowshera (KPK), Pakistan
Telephone: +92-21-34386852
KPMG Taseer Hadi & Co.
Telephone: +92-923-614295, 610159
Fax: +92-21-34386754
Chartered Accountants
Fax: +92-923-611302
INTERNAL AUDITORS
HEAD OFFICE
EY Ford Rhodes
5 K.M - Sunder Raiwind Road
Chartered Accountants
Lahore, Pakistan
Telephone: +92-42-36026700
BANKERS
Fax: +92-42-36026701
Habib Bank Limited
SALES OFFICE, LAHORE
Bank Al-Habib Limited
43-Al Noor Building, Bank Square
Bank Alfalah Limited
Habib Metropolitan Bank Limited
The Mall, Lahore, Pakistan
Meezan Bank Limited
Telephone: +92-42-37358194
MCB Bank Limited
Fax: +92-42-37313680
Allied Bank Limited
Annual Report 2022 | 03
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Ferozsons Laboratories Ltd. published this content on 09 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 September 2022 09:19:03 UTC.
Ferozsons Laboratories Limited is a Pakistan-based holding company. The Company is primarily engaged in the importing, manufacturing and sale of pharmaceutical products and medical devices. The Company possesses brands in the areas of gastroenterology, hepatology, cardiology, and oncology, with an emerging presence in endocrinology as well as mother and child health the diabetes space. The Company offers a range of medical devices in the areas of cardiology, electrophysiology, endoscopy, gastroenterology, pulmonology, urology, and peripheral interventions. Its product portfolio includes pharmaceuticals, medical technologies, and export. The Companyâs export markets are spread across Asia, Africa, and the Central Asian region. The Company's subsidiaries include BF Biosciences Limited, which is engaged in the import, manufacturing, and sale of pharmaceutical products and Farmacia, which is engaged in the sale and distribution of medicines and other related products.