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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 |
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2005-2006 |
2006-2007 |
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Sales |
945.455 |
894.420 |
|
Cost of Sales |
(781.707) |
(775.015) |
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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
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q
Mr.
Azhar Hameed
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