Analysis of Financial Statement Analysis of Financial Statement

Gul Ahmed Textile Mills Limited Gul Ahmed Textile Mills is Pakistan’s leading exporter of home textiles, including bed linen, curtains, and fabric. It also manufactures lawn fabric for the domestic market. Recently, it has begun to produce value-added materials such as apparel and accessories for both men and women under the label ideas.

Gul Ahmed Textile Mills LtdGul Ahmed Textile Mills Ltd..

Type Private

FoundedFounded April 1, , 1953

Founder(s) Haji Ali Mohammad

HeadquartersHeadquarters Karachi, , Pakistan

Area servedArea served WorldwideWorldwide

Key peopleKey peopleBashir Ali Mohammad and harris Rahim - - Executive Chairman

IndustryTextileRetail

ProductsFabrics, , bedding, , yarn, , apparel, , accessories

Revenue ▲▲US$133.5 million (2006) 133.5 million (2006) [1]

Parent Gul Ahmed GroupGul Ahmed Group

DivisionsDivisions Ideas by Gul Ahmed Ideas by Gul Ahmed http://www.gulahmed.comhttp://www.gulahmed.com

WebsiteWebsite //

Ideas

The Ideas retail outlet at the Atrium Mall on Zaibunnisa Street in Sadder.Ideas by Gul Ahmed is the retail venture of Gul Ahmed Textile Mills. Considering the growing trend towards the retail industry in Pakistan, as well as the increase in cotton prices and the need to focus more on value-added products, the company decided to diversify into the country's retail sector in 2003.Ideas offers a range of home textiles and furnishings for the bedroom, kitchen and bathroom, as well as men's and women's apparel. It also provides in-house monogramming, embroidery and tailor-made services.

The Ideas flagship store is located in the Clifton area of Karachi, with plans to establish a retail chain throughout Pakistan.

Equipment

The mill is presently a composite unit with an installed capacity of 103,000 spindles, 220 wide width air jet looms, 90 Sulzers, 297 conventional looms, and a state-of-the-art processing and finishing unit

HistoryThe Gul Ahmed Group began trading in textiles in the early 1900s. In 1953, the group decided to enter the field of manufacturing under the name Gul Ahmed Textile Mills Limited, and was incorporated as a privately limited company. In 1972, it was listed on the Karachi Stock Exchange. Since then, the company has made rapid progress and is currently one of the leading composite textile houses in the world

Corporate Profile - Business Activities

Textiles In the textile field, activities start from the spinning of cotton as well as man made fibers and extend to weaving, processing and finishing of all types of cotton and blended fabrics, bed linen, home furnishings, garment manufacturing, etc.

Management

Management of the group is professionally qualified and broadly experienced. The directors have held top positions in various textile bodies, export committees and have also assisted the Government of Pakistan in some of the major trade talks with EC and USA authorities.

Bankers

Main bankers of the group are:Allied Bank Limited Bank Al Habib Limited Barclays Bank Plc, Pakistan Citi Bank, N.A. Faysal Bank Limited Habib Bank Limited Habib Metropolitan Bank Limited Hsbc Bank Middle East Limited Meezan Bank Limited National Bank Of Pakistan Nib Bank Limited The Royal Bank Of Scotland Limited Standard Chartered Bank (Pakistan) Limited United Bank Limited

List of Membership of Trade Bodies and Organization The Karachi Stock Exchange (Guarantee) Limited.

Lahore Stock Exchange (Guarantee) Limited. All Pakistan Textile Mills Association.

Pakistan Cotton Fashion Apparel Manufacturers & Exporters Association.

All Pakistan Bed sheets & Upholstery Manufacturers Association.

Karachi Cotton Association.

Chamber of Commerce & Industry, Karachi.

Employees Federation of Pakistan.

All Pakistan Textile Processing Mills Association

Business Description:

Gul Ahmed Textile Mills Ltd. The Group's principal activities are to manufacture and market cotton cloth, yarn and other textile products for domestic and export markets. The Group also weaves and processes all types of cotton, blended fabrics, bed linen, home furnishings and garment manufacturing. The Group operates solely in the domestic market.