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Company Profile
Hira Textile Mills Limited was incorporated in Pakistan on January 31, 1991. The Company was listed on Pakistan Stock exchange at Karachi & Lahore on Feb 15, 2007. Hira Textile is a composite textile manufacturing unit which is engaged in the manufacture and sale of various kinds of spinning, Dying / bleaching and doubling products mainly for export purposes. Hira Textile mills has 41424 spindles. The company has also the most modern yarn dying and yarn doubling unit and in house power generation facilities with a capacity 18.65 MW. The company's production facilities comprise of spun yarn, dyed / bleached yarn, zero twist / double yarn.
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Hira Textile Mills Limited
Company Registration No. :- 0023196
Company National Tax No. :- 08116005-8
Sales Tax Registration No. :- 03-05-5202-109-64 <<
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Vision
A dynamic profitable and professionally managed successful business organization.
Mission
Hira Textile Mills Ltd is committed to the highest standards of integrity, honesty, openness and professionalism in all of its activities whenever they are undertaken. We, the Management Team of HTML are striving to improve the quality of yarn by continuously improving its manufacturing facilities. We are committed to positioning the Company at the apex of the industry by satisfying our valued customers, archiving superior returns for shareholders, by providing congenial work environment where the employees feel part of the organization and be a good corporate citizen by fulfilling our social responsibilities.
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PERMISSIBLE BUSINESS ACTIVITIES
1- To carry on the business of textile manufacturers and of dyeing, bleaching, printing, combing, preparing spinning, doubling, twisting, weaving, manufacturing, selling and otherwise dealing in yarn, linen cloth and other goods and fabric made from raw cotton, silk, flax, hemp, jute, and other materials.
2- To purchase or make on lease or otherwise acquire any work and or spinning mills, weaving mills, ginning factories or pressing merchandise into bales or nay other similar concern and the property, business and good will appertaining thereto.
3- To purchase, sell exchange and deal in cloth, yarn, cotton in progress, raw cotton, jute, wool silk hemp and other fibrous articles, chemicals, dyes, metal. Stores, and other articles, and things connected therewith. << >> -
4- To carry on business of spinner, weavers manufactures, bakers and pressers of all jute, cutting, jute rejections, hemp cotton, wool, hair and other favors material, and to transact all manufacturing, curing, preparing, dying, colouring or bleaching processes and mercantile business that may be necessary or expedient and to vend the raw materials, and manufacture articles.
5- To purchase, import, export, sell, comb, prepare, spin, weave, dye and otherwise deal in cotton, flax jute hemp, wool silk and alibi or any fibrous and other allied products.
6- To carry on the business of manufacturers, importer, buyers, seller and dealers in waterproof material and fabrics, pipelines, American cloth, floor cloth and imitation leathers rubber and allied goods. << >> -
7- To make arrangements for the supply of cotton, wool, flax, hemp, silk , jute and other fibrous and similar products for use in the mills rub by the company or otherwise, either directly or in cooperation either any other person and for this purpose to set up farms, estates and establishment.
8- To manufacture, refine improve, purchase, sell, export import stock store or otherwise deal in woolen, cotton silk or mercerize articles, goods, yarn or raw material or any other quality of the same and to dye it or to manufacture therefrom articles of hosiery such as socks, underwear, outwear, banyans, jersiesm, mufflers, bands or any other articles of knitting , linen or embroidery or every description, beads, taoes, leaches or any others goods of similar nature.
9- To carry on the all or any of the business of cotton gainers, cotton, pressers and dealers in cotton and any products thereof << >> -
10- Business as dealers and importers of Dyes / chemicals of all sorts concerning to business of this company.
11- To carry on the business as general merchants, contractors, importers, exporters factors and warehousemen.
12- To transact or carry on all kinds of agency, commission and contract business in Pakistan or abroad and to act as agents of any person, firm, company, government or local authorities.
13- Allied activities covered in the Memorandum of Association of the company.
Status of Company.
Economically Significant Company. <<
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Hira Terry / Associated Company
Hira Terry Mills Limited is a state of the art terry products manufacturing plant setup in Lahore, Pakistan. The plant was set up in late 2006-early 2007 with new machinery comprising of mainly European machinery from Germany (Dornier Air Jet Looms, Theis Dyeing, Schumale continuous Double-Needle Side Hemming, Spain (Anglada Continuous Finishing line), Switzerland (Benninger Weaving preparation) and Japan (Kindai Continuous Side Hemming, Barudan Cross Hemming and Infinity Continuous Slitting). The Plant is a vertically integrated terry manufacturer, which has the production capability of manufacturing, all in house, yarns to towels.
  The plant has a large variety of cottons in its spinning operations and is a certified producer of Supima, Egyptian and Organic Cotton yarns. In addition, it carries a variety of other cottons such as Australian, Brazilian, California (US) and Turkish Cottons in medium staple and Pima and Egyptian in long staple fibers. This gives it a unique position in the market to service better-best quality towels.
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Hira Textile / Business & product
Hira Textile Mills Limited is equipped with the most modern machinery in Spinning, Doubling and Yarn Dyeing.SPINNING
. Hira Textile Mills Ltd has 41424 spindles which are operationally organized into 3 spinning units.
. The product range varies from coarse counts to fine counts ranging from 4/1cd to 80/1cm, producing Ring Spun for knitting & weaving as well as Compact spun yarns, Slub and Viscos / module yarns.
. Besides the best Pakistani Cotton, Long Stapled, American, Egyptian, Brazilian, CIS and Indian cotton is used. For best quality of yarn, the company has own in house state of art cotton and yarn testing laboratories. >> -
? Draw frames with auto levelers and conditioning machine from Xorella have also been installed for further improvements in the quality of yarn in the ever increasing international standards of the world market. Hira Textile carries a yearly stock of top quality Pakistani cotton, contamination free American & Australian cotton, Indian cotton, Giza & Pima cotton and Organic cotton to meet the requirements of its valued customers.. ? The Unit's total spindles include Reiter Compact Spinning frames.Unit # 1
Unit # 1, comprises of 17,520 spindles with 8,352 spindles having compact Suessen attachment & 1008 spindles Toyota RX240 compact. The product range varies from coarse to fine counts.
Product Range : Carded 7/1 - 21/1 Combed 10/1 - 21/1 Combed Compact 30/1 - 60/1 << >> -
Unit # 2
Unit # 2, comprises of 16,896 spindles (8,448 spindles Toyota RX240 and 8,448 spindles RX300) with redraft system, particularly for coarse slub counts (6/1 ? 12/1) multicount, multitwist, negative slub, slub on slub and for more fancy varieties. These units also have Siro attachment for making premium quality siro & siro slub yarn.
Product Range : Carded SSiro 6/1 ? 112/1 Carded- Slub 6/1 - 12/1 Carded/Combed 16/1 - 24/1Unit # 3
The unit # 3 comprises of 7,008 spindles having compact Reiter (Switzerland) K44 + ring frames.
Product Range: Combed Compact 40/1 - 80/1 << >> -
All above include Autoconers with Quantum devices, SP-FPU / Vision Shield for contamination removal. Hira Textile Mills Ltd has in total 41,424 spindles, supported by latest technology to ensure premium quality yarn. We run different type of fibers like Pakistani, American, Australian, Indian, Brazilian, Organic and Egyptian to meet the requirements of our valued customers.
Brand: Green Olive BrandDoubling Unit:
The Unit has 15 Doubling & Twisting machines.
? The Unit can produce Zero-twist as well as S-twist yarns.
? All the twisting machines have hydro pneumatic Mesedan splicers for 100% fully spliced (knot free) doubled yarn.
? The Unit has the capability to produce two, three and four plied yarns. << >> -
Yarn Dyeing Unit:
The Yarn dyeing Unit has the Processing capacity of 150 tons per month with state of the art Swiss machinery from Scholl and Italian machinery from Pozzi. The yarn dyeing unit also has sophisticated microprocessors to ensure standardization in the dyeing and consists of Radio frequency dryers from Stray field and Stalam. The soft winding is from SSM and rewinding from Murata. This dyeing unit is also equipped with top class laboratory equipment from Macbeth and Data Colour for high colour matching accuracy. Capability to produce:
1) Reactive dyeing
2) Dispersed dyeing
3) VAT dyeing
The Unit has also the capability to produce yarn shades of Pantone TC, TP series and customers? specified standards. << >> -
Certification
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Member ship of industry association and trade Bodies:-
1- All Pakistan Textile Mills Association APTMA
2- The Lahore Chamber of Commerce & Industry. <<
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Board of Directors
Mr. Dr. Azhar Waheed (Chairman)
Mr. Mohammad Tariq (C.E.O)
Mr. Muhammad Awais Qarni Chaudry
Mr. Muhammad Hasnain Saeed Sohbin
Mr. Shaukat Nazir Malik Independent Director Resigned
Mrs. Zainab Malik Independent Director
Mr. Saeed Ahmed Khan Resigned
Mr. Muhammad Haseeb Owais Appointed on 26-06-2024
Mr. Muhammad Moqeet Owais Appointed on 26-06-2024
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AUDIT COMMITTEE
Mrs. Zainab Malik Chairperson
Mr. Muhammad Owais Qarni Chaudhry Member
Mr. Mohammad Tariq Member
HUMAN RESOURCE & REMUNERATION COMMITTEE
Mr. Muhammad Haseeb Owais Member
Mr. Muhammad Moqeet Owais Member
COMPANY SECRETARY & CHIEF FINANCIAL OFFICER
Muhammad Hasnain Saeed Sohbin << >> -
PATTERN OF SHAREHOLDING
Pattern of ShareholdingCATAGORIES OF SHARES HOLDERS
Catagories of Share holderSHAREHOLDERS METTING
ELECTION OF DIRECTORS
Election of Directors
Election of Directors 31-03-2022
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CODE OF CONDUCT
Code Of Conduct <<
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Profile Of Directors
Dr. Azhar Waheed
He obtained MBBS degree in 1984 from Quaid -E- Azam Medical College Bahawalpur affiliated with The University of The Punjab Lahore. He did Master in Public Health (MPH) from the University of Health Sciences Lahore in 2009. He has vast experience in govt. hospitals and retired from govt. service in grade 20 in the capacity of principal Medical Officer on Feb 6, 2019. Now a days has own private business. He has been a non-executive director elected on 31-03-2022. He has been elected Chairman of the company in Board meeting held on April 30, 2022. >> -
Muhammad Awais Qarni Chaudhry
He obtained his master degree from The University of Punjab in commerce in 1976. He further obtained Diploma in Export Marketing Management. He has served may years in textile industry in the capacity of Commercial Manger. Now he has own business of textile products. He is a non-executive director elected on 31-03-2022. He is member of Boards Human Resource and Remuneration Committee. << >> -
Mr. Muhammad Haseeb Owais
Mr. Muhammad Haseeb Owais obtained Bachelor degree from the Allama Iqbal Open University Islamabad. He is a non-executive director appointed on June 26, 2024. He is member of Human Resource & Remuneration committee. He has his own business of Textile Products.Mr. Mohammad Tariq
He has been appointed chief executive officer of the company on April 30, 2022. He did MBA in 1995 from Institute of Leadership Management Lahore affiliated with Hamdard University, Karachi. He is C.E.O. / Director of International Textile Marketing Company and has entrepreneurial experience for more than 15 years in Textile Business. He is the chairman of Textile Traders Association, Lahore and he is also member of Lahore Chamber of Commerce & Industry. << >> -
Mr. Muhammad Moqeet Owais
Mr. Muhammad Moqeet Owais obtained MBA- (Finance) degree from the National Textile University Faisalabad and MSC (Economics) degree from the Allama Iqbal Open University Islamabad. He is a non-executive director appointed on June 26, 2024. He is member of Human Resource & Remuneration committee. He has his own business of Textile Products.Muhammad Hasnain Saeed Sohbin
Mr. Hasnain has passed Bachelor of Science in applied accounting from Oxford Brookes University United Kingdom and he is member of Association of Chartered Certified Accountant, United Kingdom (ACCA) since 2019. He served as a consultant in various commercial organizations and as auditor in banks. He has been elected director of the company on 31-03-2022 << >> -
Mrs. Zainab Malik
She is foreign qualified graduate specialized in software programing. She served as Director / C.E.O. in various Pakistani organizations for a period of 15 years in business development, human resource, finance and health care. She is an independent and non-executive director of the company and in this capacity she is also member of Audit and Human Resource Committee of the Board. <<
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INVESTOR INFORMATION
Symbol of Company is HIRAT. And it is listed on Pakistan Stock Exchange
Company Registered Office: -
44 E-1 Gulberg III, Lahore
Tel: +92-42-35714191-4
Fax: 092-42-35710048
Email: hira@hiramills.com.pk
URL: http://hiratex.com.pk
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AUDITORS
Messrs Rahman Sarfaraz Rahim Iqbal Rafiq
Chartered Accountant
72-A Faisal Town, Lahore.LEGAL ADVISOR
Salman Akram Raja.
Raja Mohammad Akram & Co., Advocates & Legal Consultants 33-C Main Gulberg Lahore.TAX ADVISOR
M/S Tipu Associates
97/8-B, Babar Block, New Garden Town, Lahore. << >> -
SHARE REGISTRAR
Vision Consulting Ltd.
3-C, 1st Floor, LDA Flats, Lawrance Road Lahore
Ph.: + 92 42 36283096-97
Rating of Company
The Company is not rated by any rating agency.Compliance Certificate
Compliance Certificate 2020
Compliance Certificate 2019
Compliance Certificate 2018
Compliance Certificate 2017
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Financial Summary
Financial Summary
Free Float Shares
Pattern of Shareholding
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Financials of Hira Textile
Year 2024
1st Quarter Acc Sep,2023 (Un-Audited)
Year 2023
Annual Acc June,2023 (Audited)
3rd Quarter Acc Mar,2023 (Un-Audited)
Half Yearly Acc Dec,2022 (Reviewed)
1st Quarter Acc Sep,2022 (Un-Audited)
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Financials of Hira Textile
Year 2022
Annual Acc June,2022 (Audited)
3rd Quarter Acc Mar,2022 (Un-Audited)
Half Yearly Acc Dec,2021 (Reviewed)
1st Quarter Acc Sep,2021 (Un-Audited)
Year 2021
Annual Acc June,2021 (Audited)
3rd Quarter Acc Mar,2021 (Un-Audited)
Half Yearly Acc Dec,2020 (Reviewed)
1st Quarter Acc Sep,2020 (Un-Audited)
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Financials of Hira Textile
Year 2020
Annual Acc June,2020 (Audited)
3rd Quarter Acc Mar,2020 (Un-Audited)
Half Yearly Acc Dec,2019 (Reviewed)
1st Quarter Acc Sep,2019 (Un-Audited)
Year 2019
Annual Acc June,2019 (Audited)
3rd Quarter Acc Mar,2019 (Un-Audited)
Half Yearly Acc Dec,2018 (Reviewed)
1st Quarter Acc Sep,2018 (Un-Audited)
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Person to Contact For Grievances.
Muhammad Sajid Hafeez - Assistant Manager Accounts
Tel : +92-42-35392305-07
Email: sajid.hafeez@hiramills.com.pk
Website link of SECPS investor complaint Section:
https://sdms.secp.gov.pk/
Election of Directors
The next election of Board of Director is due on March 31, 2022.
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News And Announcements