Annual Report 2016 - Punjab Energy Holding Company Limited. · PUNJAB ENERGY HOLDING COMPANY (PVT)...
Transcript of Annual Report 2016 - Punjab Energy Holding Company Limited. · PUNJAB ENERGY HOLDING COMPANY (PVT)...
PUNJAB ENERGY HOLDING COMPANY (PVT) LTD.ENERGY DEPARTMENT, GOVT. OF THE PUNJAB
8 Floor, EFU House, Jail Road, Lahore.th
Ph: 042 99268017-19. Fax: 042 99268016
Annual ReportAnnual ReportAnnual Report201620162016
Contents
070707Pattern & Categories
of Shareholding
030303Vision, Mission, Core
Values & Corporate Strategy
010101Corporate Information
090909Statement of Compliance
with Public Sector Companies(Corporate Governance)
Rules, 2013
191919Financial Statements
for the year endedJune 30, 2016
080808Review Report to the Members
on Statement of Compliancewith Public Sector Companies
(Corporate Governance)Rules, 2013
040404Directors Report
020202Notice of AnnualGeneral Meeting
171717Auditors' Report to the Memberson Financial Statements for the
year ended June 30, 2016
Form of Proxy
303030
Board of Directors Mr. Tariq Kirmani Chairman
Mr. Muhammad Jehanzeb Khan Director
Mr. Iftikhar Ali Sahoo Director
Dr. Asad Rehman Gilani Director
Dr. Arshad Mehmood Director
Mr. Usman Ahmad Choudhary Director
Mr. Arif Saeed Director
Mr. Khalid Rahman� Director
Mr. Farhat Ali Director
Mr. Khalid Walid Shariq Director
Mr. Tariq Hameed (Resigned during the year)� Director
Chief Executive Officer Dr. Asad Rehman Gilani
Board Audit Committee Mr. Arif Saeed Chairman
Mr. Khalid Rahman Member
Mr. Farhat Ali Member
Board Human Resource & Mr. Tariq Kirmani Chairman
Compensation Committee Dr. Asad Rehman Gilani Member
Dr. Arshad Mehmood Member
Auditors M/S KPMG Taseer Hadi & Co., Chartered Accountants
Bankers to the Company The Bank of Punjab
Energy Department, Govt. of the Punjab, Registered Officeth
8 Floor, EFU House, Jail Road, Lahore.
CORPORATE INFORMATION
01
stNOTICE is hereby given that 1 Annual General Meeting of Punjab Energy Holding Company (Pvt) Ltd. will
be held on Tuesday, November 28, 2017 at 10.00 a.m. at Registered Office, Energy Department, Govt. of the thPunjab, 8 Floor, EFU House, Jail Road, Lahore to transact the following business:
1.� To receive, consider and adopt the audited financial statements of the Company for the years ended
June 30, 2016 and June 30, 2017 together with Directors' and Auditors' Reports thereon.
2.� To appoint Auditors and fix their remuneration for the year ending June 30, 2018.
3.� To discuss any other business with the permission of the Chair.
� � � � � � BY ORDER OF THE BOARD
Lahore (ZIA UR REHMAN)
November 06, 2017 Company Secretary
� � � � � � � �Notes:
1.� Share transfer books of the Company will remain closed from November 20, 2017 to November 29, 2017 (both days inclusive).
2.� A member entitled to attend and vote at this meeting may appoint another member as proxy to attend and vote instead of him. The instrument of proxy must be received at the Registered Office of the
thCompany, Energy Department, Govt. of the Punjab, 8 Floor, EFU House, Jail Road, Lahore not less than 48 hours before the time of holding the meeting.
3.� In case of corporate entity, a resolution / power of attorney from Board of Director's with specimen signatures of the nominee shall be produced at the time of the meeting. A proxy representing a Corporation or company must himself be a member of the Company.
4.� Form of proxy shall be witnessed by two (2) persons whose names, addresses and C.N.I.C numbers shall also be mentioned on it.
5.� Members are requested to intimate any change in their address.
NOTICE OF ANNUAL GENERAL MEETING
02
Vision
“To grow as dynamic E&P Company focused on realizing the full potential of Punjab as well as
National hydrocarbon resources”
Mission
“To exploit & optimize the value of Punjab as well as National hydrocarbon resources through
participation in potential opportunities.
To attract domestic and foreign investment for exploration and production of hydrocarbon
resources.
To care for the environment, respect diverse cultures of communities where we operate and conduct
all operations with high Health Safety Security & Environmental standards”.
Corporate Strategy
“Punjab Energy Holding Company (Pvt) Ltd. aims to fulfill the gap between oil & gas demand &
supply through establishing and maintaining participation in potential hydrocarbon opportunities.
For this purpose, the Company attract domestic and foreign investment in the country. The ambition
of the Company is to strengthen its position as a leader to exploit & optimize the value of Punjab as
well as National hydrocarbon resources”.
Statement of Ethics and Core Values
Ø The achievement of an ethical work environment is a shared Shared Responsibility:
responsibility among directors of the Company, senior officers and all employees.
Ø Interaction among employees of the Company should be characterized Intellectual Honesty:
by the elements of truthfulness, openness to new ideas and consideration for the rights of others.
Ø We work for excellence, innovation, boldness & quality for achieving hydrocarbon Excellence:
needs of the country.
Ø We hold ourselves accountable as professionals at all times.Accountability:
Ø We value our colleagues and work together as a team.Teamwork:
VISION, MISSION, CORE VALUES & CORPORATE STRATEGY
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PATTERN & CATEGORIES OF SHAREHOLDING
07
199,990
Pattern of ShareholdingAs at June 30, 2016
Categories of ShareholdingCategories of ShareholdingAs at June 30, 2016
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09
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For the period08 December
2015to 30 June
2016
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Punjab Energy Holding Company (Private) LimitedProfit and Loss AccountFor the period from 08 December 2015 to 30 June 2016
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Folio No.: ______________
I/ We ____________________________________ of ___________________________________________
(full address) being the member(s) of PUNJAB ENERGY HOLDING COMPANY (PRIVATE) LIMITED
hereby appoint Mr. / Mrs. /Miss _______________________________ of (who is also member of the
Company vide Registered Folio No. ____________ (being member of Company) as my/ our Proxy to attend at st
and vote for my/ us and on my/ our behalf at the1 Annual General Meeting of the Company to be held on th
Tuesday, November 28, 2017, at 10:00 a.m. at Energy Department, Govt. of the Punajb, 8 Floor, EFU
House, Jail Road, Lahore and at any adjournment thereof.
Signed this____________________ day of___________________ 2017
____________________� � � � � � � � (Member's Signature)
� � � � � � � � Affix revenue stampof Rs.5/-
WITNESSES:
Signature: __________________� � � Signature: ______________________Name: __________________� � � Name: ______________________Address: __________________� � � Address: ______________________CNIC No.: __________________� � � CNIC No.: _______________________
� � � �Date: ____________________
Place: ____________________
Note:1.� This form of Proxy, in order to be effective, must be deposited duly completed, at the Company's
thRegistered Office at Energy Department, Govt. of the Punjab, 8 Floor, EFU House, Jail Road, Lahore not less than 48 hours before the time of holding the meeting.
2.� A Proxy must be a member of the Company. Signature should agree with the specimen registered with the Company.
FORM OF PROXY
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