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House of Habib.

The House of Habib is the heir to a rich tradition of commerce, banking and insurance dating back to 1841. The name "House of Habib" identifies the business activities of the Mohammedali Habib family. A man of vision and exceptional leadership, he was the architect and builder of the group which included Habib Bank Limited established in 1941. Today, the House employs over 10,000 people who provide an array of products and services. Activities range from automobiles to audio media, buildings to banking and computers to chemicals. The House of Habib has equity and technical collaborations with British, Japanese and Norwegian companies. The following details provide a brief glimpse of its industrial ventures and their products.

AuVitronic Limited

Located at Hub Industrial Trading Estate, Balochistan, the company was incorporated in 1983 and listed on the Stock Exchange in 1991. AuVitronics is Pakistan's largest manufacturer of Audio and Video Cassettes. All components are manufactured, processed and/or assembled inhouse. The company employs over 300 workers including 40 per cent female workers in its various sections. Having achieved the position of market leader domestically, the Company's brand name "AVT" is now well reputed in export market. Annual sales of the company are Rs. 150 million.

Year of Establishment 1941
Turnover (billion) 8.034
Total No. of Companies 13
Total No. of Employees 10,000

Group Active in Automobile, Chemical, Paper & Board, Tiles &
Ceramics, Laminates, Credit Card, Construction, Audio Video &
Insurance




Balochistan Laminates

Established as a Division of Pakistan Papersack Corporation Limited in 1979, the company introduced High Pressure Decorative Plastic Laminates production in Pakistan under the trade name of "Formite". Balochistan Laminates has the largest and most complete manufacturing facility of its kind in Pakistan manufacturing a wide range of surfacing decorative materials. The decorative range began with the production of "Formite" brand High Pressure Decorative Plastic Laminates in 0.6mm thickness in Pakistan. In 1982 "Formite" brand Low Pressure melamine faced particle boards were introduced to cater to the growing number of mechanized furniture units in the country. Besides decorative laminates, the Unit also produces industrial laminates for diverse applications in various industries. Melamine brand paper based electrical insulation sheets for use in Capital Goods industry are now being produced by the company in internationally recognised grades. Fibrite brand fabric based sheets for various mechanical and electrical end use in textile, capital goods, tobacco, fan, jute aerospace etc. industries are also being manufactured.

The philosophy of product diversification has been the hallmark of Balochistan Laminates; from Laminated Chipboard to industrial laminates. The emphasis is upon catering to the needs of the country in an ever changing environment as well as to promote these non-traditional products in the export market. This philosophy has not only kept the unit profitable but also progressive in its offering both horizontally and vertically.

Balochistan Concrete & Blocks Limited Balochistan Concrete and Blocks Ltd., is a household name in the Construction industry. Suited at Hub Chowki the company was a pioneer in introducing machine made blocks (HUBLOC) which brought about a revolution in the construction industry. Today, the company is one of the biggest manufacturers of Precast Prestressed concrete elements with quality second to none. The company is fully equipped with modern plant and latest techniques are employed to ensure that the end products conform to the highest international standard of quality. The plant has a monthly capacity to produce 25,000 Sft. of prestressed Double Tee Roofing System in a ready to use form. This is beside the production capacity for Beams, Girders, Columns which are again 3,000 Rft per month. Other products manufactured are Bridge Beams, Earth retaining structures, Roof Panels, Wall Panels, Electric Poles, Paving Stones, Fairface Blocks, Kerb Stone, Edge Stone and other precast, prestressed units per client needs.

Computer Products Corporation (Pvt) Limited

Computer Products Corporation (Private) Limited (CPC) was formed in January 1993 with a view to get House of Habib (HOH) into Hi-Tech Computer Business. First distributorship CPC acquired was that of Lexmark International (Inc), a US based Company. Lexmark, a private company, was established in 1991 after having acquired the Information Products Division of IBM Corporation in USA. CPC markets Leaser, Inkjet and dot matrix printers and associated supplies for the office and the home market through its dealers network spread all over Pakistan. In June 1997 CPC has also acquired distributorship for Daewoo Personal Computer and UMAX Scanners. These products will also be marketed through dealers. In future CPC plans to acquire distributorship for more Computer related products.

Dyno Pakistan Limited

Located at Lasbella Industrial Estate, Dyno Pakistan Limited was formed in 1982 as a Joint Venture with Dyno Industries A.S., a Multinational group from Norway. The company was set up to produce formaldehyde and formaldehyde-based resins for Particle Board, Plywood and Laminate Industries. This was the first unit of its type to be set up in Pakistan and still remains the largest of its kind. In 1985, the Company entered the field of Aminoplast Moulding Compound. A plant of 1500 tons/annum capacity based on the latest Swiss technology was commissioned in 1986. The venture was highly successful and the products made a strong impact in the development of the downstream market by making the raw material available at a reasonable cost. Another plant of 1800 tons/annum capacity for manufacturing special grade of Aminoplast came into production in 1988.

The Paid-up capital of the company stood at Rs. 63.12 million in 1996. The sales of the company stood at Rs. 479.63 million in 18 months as compared to Rs.234.54 million in 12 months of the preceding year whereas the pretax profit stood at Rs.41.46 million as compared to Rs. 33.56 million during the same corresponding period. The foreign investors hold 47.20 per cent equity in the company. A wholly-owned Subsidiary - Visionite (Private) Limited was set up in 1993 in Gadoon Amazai (NWFP) for the production of Aminoplast Moulding Compound.

Filtrona Pakistan Limited

Filtrona Pakistan Limited, a project in collaboration with Filtrona International of the United Kingdom, a subsidiary of Bunzl Group of UK, is a part of the Filtrona chain of industries in important countries of the world. The project was established in Pakistan in 1984 and its airconditioned plant located at Hub was the first independent and most modern unit of its kind manufacturing mono-acetate, cellulose paper and dual filter rods for the cigarette industries. The plant is manned by a staff of 100 people of which the key personnel have been specifically trained at the Filtrona factories in the UK.

Filtrona is supplying filters to multinationals like Pakistan Tobacco (PTC) and Lakson Tobacco, besides other local cigarette manufacturers. Being also active in the international market, Filtrona has exported to Middle East, Far East and South East Asian countries. Filtrona has the proud distinction of being the first company in Pakistan to start export of filter for cigarettes. Filtrona is gearing itself for the next millennium by investing heavily in machinery refurbishing and computerization. Filtrona also has the distinction of being the first to use QTM - Quality Test Stations which can be directly linked up with the production machines for filter rod making. Filtrona is planning to get ISO 9002 certificate by mid 1998. Fulfilling its obligations as a corporate citizen, Filtrona is contributing to the society in the field of health and education. It is managing a Welfare Clinic in Mardan. Bunzl Group along with British Commonwealth Office offers one Post Graduate Scholarship for young enterprising Engineers of the country.

Habib Insurance Company Limited

Habib Insurance was established in 1942 and is in its 55th year of operations. In the service of the business community, helping safeguard assets for over half a century, Habib Insurance has carved out a very special name and niche for itself. The Company is recognised as having some of the most solvent Reserves and Capital to Net Premiums, Gross Premiums and Claims Ratios.

In acknowledgement of Habib Insurance's prudent underwriting policies and business practices as well as its performance in serving the interests of various stockholders, the Karachi Stock Exchange honoured it with its inaugural Performance Award in 1981. Habib Insurance has been awarded this honour ten times so far. With momentous changes occurring on the business and financial fronts in Pakistan. Habib Insurance continues to explore new markets and develop new insurance products to serve its clients better still. With major investments of resources in people and ideas, Habib Insurance promises Pakistan's future the same enthusiasm, confidence, prudence and performance that have become its hallmark.

Indus Motor Company Limited

Located at Port Qasim Industrial Estate, the company was incorporated in Pakistan as a public limited company in December 1989 and commenced commercial production in May 1993. The company was formed in accordance with the terms of a joint venture agreement concluded amongst the House of Habib. Toyota Motor Corporation and Toyota Tsusho Corporation for the purpose of assembling, progressive manufacturing and marketing of Toyota vehicles. Subsequently, the company acquired the sole distributorship of Toyota vehicles in Pakistan with effect from July 1, 1990 and is engaged in its import and marketing operations.

The Paid-up capital of the company stood at Rs.786 million and Free Reserves and surplus stood at Rs.554.40 million in 1996. Break-up Value per share stood at Rs. 17.05. The sale of the company stood at Rs. 4.14 billion as compared to Rs. 3.87 billion in the preceding year showing an increase of 6.96 per cent. Similarly, pretax profit of the company stood at Rs.221.02 million as compared to Rs. 85.51 million in 1995 exhibiting an increase of 158.47 per cent. The company also paid a dividend of 15 per cent in 1996. The company produced 5,812 units against installed capacity of 20,000 units during 1996.

Adherence to the deletion policy the government, to achieve maximum indigenisation and promotion of automobile vending industry has been one of the key objectives of the company. Not only have the deletion targets set by the Government been met, the number of local components utilized by the company in Corolla stand highest among other manufacturers in this category. In order to meet future deletion targets, Product Development Department is continuously enhancing its own inspection and testing facilities and additional modern equipments are being added as local components increase to ensure the high Toyota quality standards are maintained. With the introduction of Diesel Corolla and the Hilux single cabin pick-ups the company's capacity utilized will improve. Studies to add other types of Toyota vehicles to the production line continues so that a constant growth in sale and turnover by increasing model is maintained in the years to come. Plans to add two double cabin pick-ups to the product range have already been finalized.

Noble Computer Services (Pvt.) Limited

Noble Computer Services (Pvt) Ltd., established in 1983, achieves its objectives by combining inhouse software development with partnerships with leading international hardware and software companies. The company has a proven track record for client service to an extremely strong customer base. Equipped with the latest in state-of-the-art hardware and software, the company reflects the spirit and dynamism of the ever expanding computer world.

Noble Computer Services markets and provides implementation support for the state-of-the-art enterprise software - BPCS, which is available on IBM As/400, Rs/6000, HP/9000 and DEC Alpha. In addition to this, Noble Computer Services provides software development services on As/400, Windows NTN and Windows 95 platforms. It has skills in use of all ODBC complaint RDBMS like Oracle, Sybase, informix, DBZ/400. The frontends skills are in Visual Basic, Power Objects, MS-Access and visual Foxpro and programming language skills are in RPG & COBOL. Noble also specializes in Year 2000 Software Conversion Services.

Focus on training and research, combined with strong technical capabilities and existing standards has made Noble the software house with the leading edge in computer technology. The Authorised capital of the company is Rs. 10.00 million, against which the Paid-up capital stood at Rs. l.00 million. The sales of the company stood at Rs.33.27 million in 12 months ended 30 June, 1996, as compared to a sale of Rs. 30.91 million in the preceding year.

Noble (Private) Limited

Noble (Private) Limited is engaged in Real Estate Development and Construction Contracting. In its short life todate, the company has completed 5 housing projects - each symbolizing the commitment of its team to their motto "Reflection of Elegance". Noble (Private) Limited with its team of qualified professionals - majority of whom have foreign post graduate qualifications also undertake construction contracts on turn-key basis and extend advise to industrialists regarding their projects, projected cost, time of completion and also provide, if required, structural and architectural design.

Pakistan Papersack Corporation Limited

Pakistan Papersack Corporation Limited was incorporated in 1973. it established itself as a pioneering industry for meeting the packing requirement of the cement and other industries. The company which initially introduced 6 piles sewn papersacks for packaging of cement, established its Research and Development - Cell for improving products - the papersacks and to cut its costs. Developments in papersacks have resulted in huge savings which were ultimately passed on to the customers.

The Company's performance has been recognised both at national and international levels by several organisations. The Company has thus been recipient of the Best Performance Award of the Karachi Stock Exchange for consecutive five years from 1979 to 1983. At the international level, the Company was awarded Gold Mercury international Award in 1982, followed by Corporate Excellence Award for the period 1979 to 1983 given to it by the Management Association of Pakistan. The Company is not only meeting the country's requirement but also earns valuable foreign exchange through exports.

The Authorised capital of the Company is Rs. 100 million against which the Paid-up capital stood at Rs. 68.99 million in 1996. The sales of the company stood at Rs. 827.90 million while pretax profit stood at Rs. 54.29 million. Earning per share worked out to Rs. 5.12 calculated on share value of Rs. 10 each (Face value of the share is Rs. 5 each); while price earning ratio at the market price of Rs. 8.65 worked out to 3:1. The company also declared 40 per cent cash dividend in 1996.

Shabbir Tiles & Ceramics Limited

Shabbir Tiles & Ceramics Limited was incorporated as a public limited company in November, 1978 in technical collaboration with M/s. Agrob GmbH West Germany. Spread over an area of 112 acres, it has completed its expansion with latest manufacturing technology from Welko Industries s.p.a., Italy and has increased its installed capacity to 1.3 million square meters per annum. Shabbir Tiles & Ceramics Limited is the market leader in manufacturing and marketing of ceramic wall tiles by the brand named of Stile Tiles in Pakistan. To serve the customers at their doorsteps Shabbir Tiles has a highly motivated sales team and very strong network of dealers all over Pakistan with sales office in Karachi, Lahore, Islamabad and Peshawar. The network is augmented by the state-of-art display at Clifton in Karachi. Stile's present range includes 100 varieties in plain/texture/prints and in five sizes which is the widest range being offered by any Company.

Against an Authorised Capital of Rs. 100 million the Paid-up capital is Rs.68.174 million. The sales of the company stood at Rs. 302.61 million in 1996 in 12 months as compared to Rs. 141.29 million in 6 months of the preceding year. Similarly, the pretax profit stood at Rs. 82.53 million as compared to Rs. 31.18 million in the preceding year during the same corresponding period. The balance sheet of the Company as of June 30; 1996 depicts a break-up value of the share of Rs.13.93. The earning per share after-tax amounted to Rs. 4.77 (1995 - Rs. 1.77).

Thal Jute Mills Limited

Thal Jute Mills Limited was established in January 1966 at Muzaffargarh to manufacture jute goods with an annual capacity to produce 25,000 tons. It is a public limited company quoted on Karachi and Lahore Stock Exchanges with an Authorised Capital of Rs. 100 million. The Paid-up capital of the company is Rs. 70 million and general reserves amount to Rs. 81 million. The sales turnover for 1995-96 was Rs. 522 million. The Company has no long term debt and the break-up value of five rupee share exceeds rupees ten. The Company controls 28 per cent of the market share and has been in successful operation for the past 31 years.

The Company employs 3,000 workers and adds over hundred per cent value to imported raw material. The Company paid Rs. 111 million in direct and indirect taxes during the year. In 1995-96 the Company diversified its business activities by setting up an Engineering Division "Thai Engineering" at Karachi, to assemble and manufacture auto airconditioners in technical collaboration with Denso Corporation of Japan. The annual turnover of the Division is expected to be Rs 300 million.
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Title Annotation:Industrial Pakistan 1997: Industrial Groups
Publication:Economic Review
Date:Jul 1, 1997
Words:2853
Previous Article:Shaheen Foundation.
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