Ittehad Chemicals LimitedIntroduction

Ittehad Chemicals Limited (ICL) was established in 1962 under the name of United Chemicals by a private entrepreneur. ICL was commissioned in the year 1964 with an installed capacity of 40 MT/day of Caustic Soda. The initial plant was set up by M/S Oronzio Denora of Italy.

The factory is tactically located on the 19th/20th Kilometer of GT Road and spread over an area of 106 acres.  It is approachable from the Lahore-Islamabad Motorway as well as from the main city of Lahore.

To be sustainable and growth oriented Companywho plays a competitive role in industryand adds value to economy through excellence in technological advancement and qualityproducts

Our Vision

Financial Performance

By the grace of Almighty Allah, we have succeeded in improving

performance by continuing the growth momentum that delivered 19%

turnover increase over last year. Despite the challenges, the Company's

operating profit increased by 15% to Rs. 379.948 million versus

Rs.330.997 million of the previous year. Profit before tax hasincreased

by 58% to Rs. 192.019 million. The profit after tax of Rs. 128.637 was

Earned for the year as compared to Rs. 118.763 of the previous year,

reflecting an increase of 8%. The increase in profitability during the

current year as compared to the previous year is mainly attributable to

impact of revision in selling prices of the products and better

availability of gas supply during the last quarter. Correspondingly,

earnings per share (EPS) rose to Rs. 3.57 versus Rs. 3.30 of the

preceding year.

Directors’ Report to Shareholders

A brief financial analysis is presented as under:

Financial Highlights

Our Mission

The mission of Ittehad is to be

A Company built on sound financial footings and achieves excellent operating results

through superior efficiency and cost control

A Company that consistently benefits its stakeholders through enhanced Profitability

A Company that achieves a high level of customer care service by providing quality

products and positive feedback

A Company that provides excellent working environment to its employees that assists in

enhancing their strengths and abilities, create a culture that fosters motivation and

promotes individual growth and care

A Company that contributes towards a good corporate citizenship and sets Highest

standards in serving the society.

The present auditors M/s. BDO Ebrahim & Co., Chartered Accountants, retire

and being eligible offer themselves for re-

appointment for the year 2012-13. As suggested by the Audit Committee, the

Board of Directors has recommended their

re-appointment as Auditors of the Company for the ensuing year subject to

approval of the members in the forthcoming

Annual General Meeting. The external auditors have been given a satisfactory

rating under the Quality Control Review

by the Institute of Chartered Accountants of Pakistan.

Auditors

Profit and Loss Account

Balance SheetAs at June 30,2012

Cash flow Statement

Cash flow Statement

Statement of change in equity for the year ended June 30,2012

Submitted To:Sir Bilal

Submitted By:Khurram Shehzad 2014-ag-

222Muhammad Fahad 2014-

ag-259Hazrat Nosh 2014-ag-

169Umair Saleem 2014-

ag-160Umair Sidduqe

Thanks