PAKISTAN MACHINE TOOL FACTORY (PRIVATE) LIMITED

CORPORATE STATUS

Pakistan Machine Tool Factory (Private) Limited (PMTF) is a subsidiary of State Engineering Corporation (Private) Limited. The Company was incorporated on July 23, 1975 as a private company limited by shares under the Companies Act, 1913 (now the Companies Ordinance, 1984).

LOCATION

The Registered Office of the Company and the Factory is situated at PMTF Road, Off National Highway, Landhi, Karachi (East).

NATURE OF BUSINESS

The Company commenced commercial production in the year 1970 and is engaged in the manufacturing and marketing of machine tools, transmission components for trucks and tractors, die casting and other classified products.
 

MAJOR PRODUCTS

Milling Machines, Center/Turret Lathes, Copy Milling and Boring Machines, Automotive Parts, such as Gear Boxes, Transfer Cases, Axles, Steering/Timing Gears, Non-Ferrous Die Castings, Defence Items etc.

SHARE CAPITAL

PMTF has authorized share capital of Rs.300 million divided into 9,581,261 ordinary shares of Rs.10 each and 20,418,739 cumulative preference shares of Rs.10 each. Out of these 8,750.891 ordinary shares and 20,418,739 cumulative preference shares have been issued, subscribed and fully paid up as on June 30, 2007. The entire equity capital of PMTF of Rs. 291.696 million is held by State Engineering Corporation (Private) Limited.

LAND & FACILITIES

PMTF is situated on Lease Hold Land, an area of 914,589 square meters. The total covered area of PMTF is 68,797 square meters.

Facilities: The facilities of PMTF included Officers Housing: 37 houses, Staff Housing: 146 houses, two Mosques, School, Club and two Dispensary.

Manpower:

Category

As on 30th September 2007

Management

Executives

Non-Executives

Contract Employees

Daily Wagers

5

182

1,054

59

847

Total

2,147

 

OPERATING RESULTS

The operating results of the company for the year 2006-2007 and for the quarter July to September 2007, based on un-audited accounts are given below:

The operating results of the company for the years 2005-2006 & 2006-2007 based on audited accounts are given below:
                                        

Description:

Rs. in million

2005-2006

2006-2007

Sales

945.455

894.420

Cost of Sales

(781.707)

(775.015)

Gross Profit

163.748

119.405

Operating Expenses

(149.662)

(151.071)

Operating Profit / (Loss)

14.086

(31.666)

Non-operating Income/(Expenses)

(26.329)

(37.559)

Loss before Tax

(12.243)

(69.225)

 

Key Contacts

q       Engr. Zahid Aziz
Consultant (I&T)
Phone: 051 – 9222245, 9222253

Email:
zahidaziz@privatisation.gov.pk

 

 

 

q       Mr. Azhar Hameed
Consultant (I&T)
Phone: 051 – 9204593

E-mail:
azharhameed@privatisation.gov.pk