3. Overview of Engro Foods
“Engro Foods is among the biggest and fastest growing
companies in Pakistan with a vision to cater to local needs
with products conforming to global standards.”
4. Vision of the Company
“Engro foods will continue to make investment aimed at
impacting lives and delighting consumers each day, every
day, in a multitude of ways”
5. Mission of the Company
“Build branded food business to improve quality of life by
offering tasty, affordable and high nutritional products to
our consumers while maximizing stakeholder’s value”
6. Board of Directors of the Company
Names
• Abdul Samad Dawood (Chairman)
• Babur Sultan (CEO)
• Muhammad Amin
• Sabrina Dawood
• Rehan Hassan
• Zafaryab Ali Khan
• Isfandiyar Shaheen
• Marco L. Spits
• Syed Khalid Siraj Subhani
• Wim Torfs
• Faiz Chapra (Company Secretary)
Responsibilities
• Chairman responsibility is to manage and to provide
leadership to the Board of Directors of the Company
• The CEO acts as a direct connection between the Board and
management of the Company and communicates to the
Board on behalf of management
• Directors of the company are responsible for the
management of their companies. They must act in a way
most likely to promote the success of the business and
benefit its shareholders. They also have responsibilities to
the company’s employees, its trading partners and the state
• Company Secretary is the chief administrative officer of
the company, responsible along with the directors for
certain tasks under the Companies Act. They have power to
enter into certain contracts on the company's behalf
7. Audit Committee Members
The Board has formed an Audit Committee. It comprises of four members, of whom one is an
independent director and three are non-executive directors and the Chairman of the Committee
is a non-executive director. The committee comprises the following members:
• Muhammed Amin (Chairman)
• Abdul Samad Dawood (Member)
• Zafaryab Ali Khan (Member)
• Isfandiyar Shaheen (Member)
8. HR & Remuneration Committee Members
The Board has formed a Human Resource and Remuneration Committee i.e. the Board
Compensation Committee. It comprises of four members, all of whom are non-executive
directors. The Chairman of the Committee is a non-executive director. The committee comprises
the following members:
Rehan Hassan (Chairman)
Abdul Samad Dawood (Member)
Khalid Siraj Subhani (Member)
Isfandiyar Shaheen (Member)
9. Bankers of the Company
• Allied Bank Limited
• Faysal Bank Limited
• Bank Alfalah Limited
• The Bank of Punjab
• Habib Bank Limited
• MCB Bank Limited
• Meezan Bank Limited
• National Bank of Pakistan
• United Bank Limited
• Habib Metropolitan Bank
• Askari Bank Limited
• Al-Baraka Bank Pakistan Limited
• Standard Chartered Bank Pakistan Limited
• Soneri Bank Limited
• NIB Bank Limited
• Citi Bank .N.A.
• Bank Al-Habib Limited
• Deutsche Bank AG
• Samba Bank Limited
• Industrial & Commercial Bank of China
• Summit Bank Limited
10. S.No. Shareholders Category No. of Shareholder No. of Shares Percentage
1. Directors, Chief Executive Officer, and their spouse and minor children. 10 509 0.0
2. Associated Companies, undertaking and related parties. 2 667,374,991 87.06
3. NIT & ICP
4. Banks Development Financial Institutions,
Non Banking Financial Institutions.
14 25,939,659 3.38
5. Insurance Companies 6 4,857,700 0.63
6. Modarabas and Mutual Funds 37 12,176,412 1.59
7. Share holders holding 10% 2 667,374,991 87.06
8. General Public (Individual)
a. Local 7,418 21,782,131 2.84
b. Foreign
9. Others 135 34,464,673 4.50
Category of Share Holding as of 31st December 2015
11. Name of Subsidiary Company
Engro Foods Limited was formed as a wholly owned subsidiary of “ENGRO CORPORATION LTD”
In Engro Corporation Following Companies are own by ENGRO CORPORATION LTD
• Engro Fertilizer Ltd
• Engro Foods Ltd
• Engro Polymer and chemical Ltd
• Engro Eximp (Pvt) Ltd
• Engro Powergen Ltd
12. Year of Listing in Stock Exchange
Engro Foods Limited was incorporated in April 2005 and was listed on Stock
Exchanges in 2011
13. Registrar of Company
M/S FAMCO ASSOCIATION PVT LTD.
FAMCO Associates (Pvt.) Limited [previously Ferguson Associates (Pvt.) Ltd.] has been in the
business of Share Registration since 1988 and presently has over 40 blue chip companies as share
registration clients, comprising of leading multinational and local companies.
14. Tax Consultant & Legal advisor of the company
Mr. Faiz Muhammad Ghanghario is tax Consultant & Legal advisor of
the company
15. 2015 2014 2013 2012 2011
316200 / 76700 =
4.13
88900 / 76700 =
1.16
21100 / 76700 =
0.28
25950 / 76200 =
3.43
89100 / 75200 =
1.22
Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of
common stock. Earnings per share serves as an indicator of a company's profitability.
Earning Per Share
EPS = NET INCOME
NO. of SHARESNote: Amount in thousand
17. Authorized issued & Paid up Share Capital
Authorized Capital
850,000,000 Ordinary shares of Rs. 10 each
Issued and Paid-up Capital
766,596,075 Ordinary shares of Rs. 10 each fully paid in cash
(Amount in thousand)
8,500,000
7,665,961
18. Net Cash Flow from Operating Activities,
Investing Activities & Financial Activities
2015 2014 2013 2012 2011
4,517 786 2,356 3,214 1,080
(790) (2,556) (5,221) (3,379) (2,341)
(1,722) (1,081) 547 1,819 2,474
(Amount in million)
Net cash flow from operating activities
Net cash flow from investing activities
Net cash flow from financing activities
19. Corporate Social Responsibility Activities of
the Company in 2012 & 2013
Engro Foundation (the single CSR front for all Engro companies) contributed over Rs. 12.4 million
in 2012 and Rs. 16.2 million under our social investments commitments in 2013.
Through flagship WELD (Women Empowerment Through Livestock Development) program they
sought to increase the capacity of small-scale producers and strengthened the institutional
framework for dairy production and milk collection network. Within the platform of the WELD
project
20. Corporate Social Responsibility Activities
of the Company in 2014
Engro Foundation (the single CSR front for all Engro companies) contributed over Rs. 17.4
million under their social investments commitments in 2014, as compared to Rs. 16.2 million in
2013, there are some following CSR activities
• Own a tree campaign
• Treatments and animal handling trainings
• School learning program and carrier development (e.g. Nara school, Sahiwal school etc.)
• Health initiatives
21. Corporate Social Responsibility Activities
of the Company in 2015
Engro Foundation (the single CSR front for all Engro companies) contributed over Rs. 24 million
under their social investments commitments in 2015, as compared to Rs. 17.4 million in 2014.
Own A Tree Campaign: This education based campaign focused on raising awareness about the
importance of plants to the environment and the invaluable contribution that individuals can make
by caring for and raising a plant. 350 plants were distributed to students.
22. Credit rating of the Company
Credit Rating
Engro Foods has a medium to long term credit rating of “A+” (Single A Plus) by JCR-
VIS Credit Rating Co. Ltd. The rating reflects the Company’s financial and
management strength and denotes a low expectation of credit risk and the capacity for
timely payment of financial commitment
23. Financial Ratios of year 2015
Current Ratio
The current ratio is a liquidity ratio that measures a company's ability to pay short-term
and long-term obligations
Currents Assets .
Current Liabilities
Amount in thousand
11,055,032 = 1.5
7,359,740
24. Financial Ratios of year 2015
Quick Ratio
The quick ratio is a financial ratio used to gauge a company's liquidity.
Currents Assets – Inventory
Current Liabilities
Amount in thousand
11,055,032 – 3,071,379 = 1.0
7,359,740
25. Financial Ratios of year 2015
Assets Turnover Ratio
Asset turnover is a financial ratio that measures the efficiency of a company's use of
its assets in generating sales revenue
Total Sales .
Total Assets
Amount in thousand
49,834,089 = 1.8
26,285,386
26. Financial Ratios of year 2015
Debt to Equity Ratio
Debt/Equity Ratio is a debt ratio used to measure a company's financial leverage, ratio indicates
how much debt a company is using to finance its assets relative to the amount of value
represented in shareholders' equity
Total Liability .
Owner’s Equity
Amount in thousand
26,285,386 = 0.76
14,912,801
27. Comprehensive Income
2015 2014 2013 2012 2011
3,139,780 8,69,800 1,72,733 2,624,999 872,464
Comprehensive income is the sum of net income and other items that must bypass the income statement
because they have not been realized, including items like an unrealized holding gain or loss from available
for sale securities and foreign currency translation gains or losses
Note: Amount in thousand
28. Audit Opinion for year 2015
a) in our opinion, proper books of account have been kept by the Company as required by the Companies Ordinance, 1984;
b) in our opinion:
(i) the balance sheet and profit and loss account together with the notes thereon have been drawn up in conformity with
the Companies Ordinance, 1984, and are in agreement with the books of account and are further in accordance with
accounting policies consistently applied;
(ii) the expenditure incurred during the year was for the purpose of the Company's business; and
(iii) the business conducted, investments made and the expenditure incurred during the year were in accordance with the
objects of the Company;
c) in our opinion and to the best of our information and according to the explanations given to us, the balance sheet, profit
and loss account, statement of comprehensive income, statement of changes in equity and statement of cash flows together
with the notes forming part thereof conform with the approved accounting standards as applicable in Pakistan, and, give the
information required by the Companies Ordinance, 1984, in the manner so required and respectively give a true and fair view
of the state of the Company's affairs as at December 31, 2015 and of the profit, total comprehensive income, changes in
equity and its cash flows for the year then ended; and
d) in our opinion, no zakat was deductible at source under the Zakat and Ushr Ordinance, 1980 (XVIII of 1980).