Final - Working - L&A

RIZWAN AND COMPANY Prepared Reviewed Schedule:
Chartered Accountants By: By:
Client : Ghani Gases Limited

Year End : June 30, 2017 Date: Date:
Sub L/S : Trade and other payables
June 30, 2017 June 30, 2016

CODE PARTICULARS REF
Amount Amount
Trade Creditors 205,108,706 205,108
Advance from customers 36,299,975 39,295
Accrued liabilities (38,457,113) 38,512
Workers' profit participation fund (25,223,239) 1,140
Unclaimed dividend (23,719,272) 950
Withholding tax payable 1,570,737 1,555
155,579,795 286,560
CONCLUSION :
1. The audit has been completed in accordance with audit program.
2. The working papers demonstrate that the adequate work has been undertaken.
3. The working papers contain sufficient information, detail of sufficient features and notes of unusual matters to
enable us to form an opinion on financial statement.
4. In my opinion above amounts are fairly stated and on a consistent basis with the previous period.
RIZWAN AND COMPANY Prepared Reviewed Schedule

Year End : June 30, 2017
Sub L/S : Trade Creditors (Analytical)
June 30, 2017 June 30, 2016 Balance Balance

Increased / Amount confirmations confirmations Cleared Till
CODE PARTICULARS REF Decreased Verified Amount Verified 31-Aug-17
Amount Amount send send
% % % %
Trade Creditots 48,999,434 55,437,328 (11.61) 32,053,320 65 25,354,995 51.75 55.15

This decrease in Trade Creditors, as compared to the previous year, is due to regularity of payments to
creditors.
48,999,434 55,437,328

Sub L/S : Advances from customers (Analytical)

CODE PARTICULARS REF Increased / Amount Verified Amount Verified confirmations confirmations Cleared Till
Amount Amount Decreased 31-Aug-17
send send
% % % %
Advances from customers 23,905,223 15,806,002 51.24 9,090,257 38 9,090,257 38.03 67.31
This increase in advances from customers, as compared to the previous year, is due to increase in business
with the following parties;
23,905,223 15,806,002 1) Shaehzad & Sons; Rs. 5 Million 2)Kor Tech Industries Pvt Limited; 1.2 million 3) Mian Gas Welding; 1.3
million

Sub L/S : Advances to customers (Analytical)

CODE PARTICULARS REF Increased / Amount Amount Verified confirmations confirmations Cleared Till
Amount Amount Decreased Verified 31-Aug-17
send send
% % % %
Advances to customers 85,250,896 31,337,693 (63.24) - 8,374,449 26.72 58.01
This decrease in advances from customers, as compared to the previous year, is due to increase in
adjustment against advances to the following party;
85,250,896 31,337,693 1) Baig Trading company; Rs. 62 Million
0
Subject : Trade Creditors - Movement
OPENING BALANCES DURING THE YEAR CLOSING BALANCES SUBSEQUENT CLEARANCE

CODE PARTICULARS ADVANCES
ADVANCES TO
TO CREDITORS DEBIT CREDIT CREDITORS Date Clearance Clearance %
SUPPLIERS
SUPPLIERS
221501 CREDITORS FOR LOCAL GASES
2215010003 LINDE PAKISTAN LTD (FORMELY BOC PAKISTAN - 1,503,959 20,335,195 31,072,876 - 12,241,640 14/07/2016 12,241,640 100%
2215010007 MEDIGAS (PVT) LTD -CREDITORS - 32 2,087,656 2,524,820 - 437,196 05/08/2016 437,196 100%
2215010008 PRIME GASES 361,663 - - - 361,663 -
2215010009 STAR GAS TRADERS 29,950 - - - 29,950 -
2215010010 DENIM INTERNATIONAL - 411,783 1,143,654 1,142,967 - 411,096 05/09/2016 411,096 100%
2215010011 S.S ENTERPRISES 92,054 - - - 92,054 -
2215010015 SUPER GAS AGENCY - 284,839 284,839 - 0 -
2215010016 PARADISE GASES - 396,453 867,591 391,518 79,621 -
221510 GENERAL CREDITORS FOR SERVICES
2215100001 AKD SECURITIES LTD - - - - - -

2215100002 AMJAD ADVERTISEMENT COMPANY - - - - - -
2215100003 BAIG TRADING AND CONSTRUCTION COMPANY 3,509,062 - 126,880,877 120,000,000 10,389,939 -
2215100004 HAJI MUHAMMAD ASLAM& SONS (CRANE CHAR - 5,075 - - - 5,075
2215100006 MALIK MUZAFFAR GOODS TRANSPORT CO - 9,918,001 60,975,077 51,538,598 - 481,522 04/07/2016 481,522 100%
2215100007 NIAMAT ALI MR - - ###
- 869,446 - 869,446 30/07/2016 869,446 100%
2215100008 PAK KUWAIT TAKAFUL CO LTD INSURANCE CO - - 2,691,807 2,691,807 - -
2215100009 PAK- QATAR GENERAL TAKAFUL LIMITED 431,454 - 12,770,774 13,254,503 - 52,275 12/07/2016 52,275 100%
2215100014 TAKAFUL PAKISTAN LIMITED - - 482,854 482,854 - -
2215100017 TAXCOM - - 81,000 81,000 - -
2215100019 TARIQ MEHMOOD DSK LAW FIRM 55,000 - 225,000 225,000 55,000 - 01/09/2016 30,000
2215100022 LEOPARD COURIER SERVICES (PVT.) LTD. 3,139 - 89,027 92,167 - 1
2215100027 AGILITY LOGISTICS - - 236,997 236,997 - -
2215100028 TRACKER (PVT.) LTD. - - 8,850 8,850 - -
2215100029 RASHID AWAN GOODS TRANSPORT COMPANY - 4,673,268 35,489,078 29,268,731 1,547,079 - 02/09/2016 500,000
2215100030 M. MUHAMMAD HUSSAIN AND SONS - - 2,493,500 2,493,500 - -
2215100033 SUMICO TECHNOLOGIES (PVT.) LTD. - - 45,500 45,500 - -
2215100036 PAK HI TECH GASES (PVT) LTD - 299,000 1,035,000 782,000 - 46,000
2215100037 AL MADAD ENGINEERING WORKS MURAD ALI 2,000 - - - 2,000 -
2215100039 CHAURDY ELECTRIC WORKS - - 53,000 53,000 - -
2215100040 THK ASSOCIATES PVT LTD - 3,069 324,014 320,945 - -
2215100042 KARACHI STOCK EXCHANGE (GUARANTEE) LTD. - - 892,156 892,156 - -
0

ADVANCES TO
SUPPLIERS
SUPPLIERS
2215100047 AL HYDER TRANSPORT AGENCY - - 300,000 1,552,357 - 1,252,357 06/08/2016 677,216 54%
2215100052 RIZWAN & CO. - - 695,750 695,750 - -
2215100056 CENTRAL DEPOSITORY COMPANY - - 1,218,850 1,218,850 - -
2215100058 UNITY ADVERTISING AGENCY - 421,580 - - - 421,580
2215100061 EGROUP IMC PAKISTAN - - 37,250 37,250 - -
2215100063 MANSHA SERVICES (PVT.) LTD - 16,920 - - - 16,920
2215100064 ISP ENGINEERING 73,000 - 568,067 528,067 113,000 - 12/07/2016 18,400
2215100069 RIL LOGISTICS (PVT) LTD - 708,390 37,459,234 36,402,139 348,705 - 05/09/2016 1,448,054
2215100072 UEC (PVT) LTD 963 - 21,277 21,277 963 - 22/08/2016 46,400
2215100075 PROFESSIONAL ASSOCIATES - - 60,000 60,000 - -
2215100080 YOUSAF LAW ASSOCIATES 85,000 - - - 85,000 -
2215100085 MAN DIESEL AND TURBO PAKISTAN (PVT) LTD - - 121,800 121,800 - -
2215100090 FALCON 1 PVT LTD - - 87,505 87,505 - -
2215100092 DESCON ENGINEERING LTD. 150,000 - - - 150,000 -
2215100093 HARVESTER SERVICES (PVT) LTD - - 58,000 58,000 - -
2215100099 A.A.A. GOODS TRANSPORT COMPANY - - 1,086,450 1,086,450 - -
2215100105 RASHEED TRADING CO.-TRANSPORTER - - 369,945 369,945 - -
2215100106 PARK PLAZA HOTEL LAHORE - - 40,000 40,000 - -
2215100108 MUHAMMAD SULTAN PAINT CONTRACTOR - - 178,595 277,778 - 99,183
2215100109 RIND ENGINEERING WORKS - 3,850 261,479 186,833 70,796 -
2215100111 BIN QUTAB CARGO - 1,039 - - - 1,039
2215100114 ALI AKBAR SERVICES - - 858,150 858,150 - -
2215100116 TAJ GASES PESHWAR - VIE RENTAL EXP - - 910,554 910,554 - -
2215100118 KEY ENGINEERING SERVICES 75,038 - - - 75,038 -
2215100123 MAKKI ASSOCIATES 1,037,379 - 176,704 1,209,985 4,098 -
2215100124 RECKON INTERNATIONAL (PVT) LTD - - 3,925 3,925 - -
2215100127 A & S FOOD 881 - - - 881 -
2215100128 EXPEDITORS - - 546,551 546,551 - -
2215100133 MECHANICS ENGINEERING SERVICES - - 541,800 541,800 - -
2215100138 KPMG TASEER HADI & CO 808,186 - - - 808,186 -
2215100140 AEPL ENGINEERING WORKS (PVT) LTD - - 130,436 130,436 - -
2215100144 ASPEN COMMUNICATIONS - - 3,496,613 3,496,613 - -
2215100146 MUHAMMAD RAFIQ - ERP - 90,000 855,000 765,000 - -
2215100147 AMC CREDIT SOLUTION PAKISTAN (PVT) LTD - - 7,500 7,500 - -
2215100149 APPLIED PRODUCTS SERVICES (PVT) LTD - 343,813 1,141,554 920,786 - 123,045 20/08/2016 14,858 12%
2215100150 APPLIED AQUAPRODUCTS SERVICES (PVT) LTD. - 4 1,660,775 1,852,543 - 191,771 08/09/2016 134,442 70%
0

ADVANCES TO
SUPPLIERS
SUPPLIERS
2215100151 H.R. BROTHERS - 813,254 - - - 813,254
2215100152 RIZWAN BROTHERS - 12,090 - - - 12,090
2215100153 SADIA, RIZWAN & ASSOCIATES 125,000 - - - 125,000 -
2215100154 ALLIED ENGINEERING AND SERVICES (PVT) LTD - - 48,032 48,032 - -
2215100155 CRESCENT SERVICES - - 15,183,333 20,683,333 - 5,500,000 13/07/2016 5,500,000 100%
2215100159 THE PAKISTAN CREDIT RATING AGENCY LIMITED - - 175,000 203,000 - 28,000
2215100160 SALEEM KHAN SAFI - 70,000 1,171,025 1,171,025 - 70,000
2215100162 AL SAFEENA SECURITY & MANAGEMENT SERVICE - 199,915 3,439,694 3,239,779 - -
2215100164 KLIMATECH ENVIRONMENT CONSULTANT - - 70,000 70,000 - -
2215100173 A.B.W AUTOS - - 202,625 202,625 - -
2215100174 AKRAM ULLAH ENGINEERING WORKS 25,000 - - - 25,000 -
2215100175 BAGHDAD ENGINEERING WORKS 120,000 - - - 120,000 -
2215100177 QADRI OXYGEN GAS COMPANY - - 952,500 952,500 - -
2215100178 AL-FATAH ENTERPRISES 3,876 - - - 3,876 -
2215100179 INSTITUTE OF TAXATION MANAGEMENT - - 2,000 2,000 - -
2215100188 SAFE ASIA ASSOCIATES (PVT) LTD 131,500 - 2,739,260 3,316,740 - 445,980 09/08/2016 445,980 100%
2215100194 TCS (PVT) LTD - - 577,964 577,964 - -
2215100197 TASADAQUE HUSSAIN - - 429,832 429,832 - -
2215100198 THE PROFESSIONAL TRAVELS & TOURS (PVT) LT - - 1,260,011 1,260,011 - -
2215100205 INTERLINE LAND TRANSPORT CO - - 2,720,375 3,060,375 - 340,000 21/07/2016 340,000 100%
2215100208 EXCEL FREIGHT SYSTEMS (PVT) LIMITED - - 31,020 31,020 - -
2215100216 NAZIM GUL - - 962,778 962,778 - -
2215100220 RASHEED TRADING COMPANY (VIE RENTAL) & - - 823,748 823,748 - -
2215100225 RAVI TAX ADVISORS 44,444 - - - 44,444 -
2215100226 RAINBOW TRAVELS (PVT) LTD - - 3,407,362 3,407,362 - -
2215100228 SUPERIOR CONNECTIONS (PVT) LTD - 50,000 170,000 120,000 - -
2215100231 GUNYA CONSULTING 90,000 - - - 90,000 -
2215100232 SAJID ALI - RENT PHOOL NAGAR - - 237,000 237,000 - -
2215100233 RAZIA SULTANA RENT PHOOL NAGAR - - 192,000 192,000 - -
2215100239 JAN & CO - - 99,495 99,495 - -
2215100242 BAIG CONSTRUCTION CO. (10 N MODEL TOWN) 2,760,000 - 41,323,500 40,000,000 4,083,500 -
2215100245 SOLUTION ENVIRONMENTAL & ANALYTICAL LA - - 96,000 96,000 - -
2215100247 DASONDI TRAVELS SERVICE - - 63,000 63,000 - -
2215100248 THE UNITED INSURANCE CO. OF PAKISTAN LTD - 18,388 1,185,256 1,166,868 - -
2215100249 SHEHBAZ AHMED - FALCON COMPLEX KARACHI 156,112 - 938,454 900,563 194,003 -
2215100250 SAHARA ENTERPRISES - - 276,000 276,000 - -
0

ADVANCES TO
SUPPLIERS
SUPPLIERS
2215100252 MEDIGAS OXYGEN (PVT) LTD - TRNSPORTATION - - 562,606 562,606 - -
2215100254 S A SHAH GOODS TRANSPORT CO - - 468,000 468,000 - -
2215100255 AKBAR ALI & CO - - 35,294 35,294 - -
2215100256 M.S BROTHERS - - 150,000 150,000 - -
2215100258 SHAHZAD (WELDING) - - 2,000 2,000 - -
2215100259 CEI SUPPLY CHAIN (PVT) LTD - - 427,934 427,934 - -
2215100260 BEST NET (PVT) LTD - - 52,347 52,347 - -
2215100262 INVEST AND FINANCE SECURITIES LTD - - 7,435,000 7,469,494 - 34,494
2215100263 SALEEM AHSAN & CO - - 216,000 216,000 - -
2215100264 AHMED & PANSOTA - - 240,000 240,000 - -
2215100265 BMC SOLUTION - - 120,000 120,000 - -
2215100266 THREE STAR CRANE & GOODS TRANSPORT CO - - 31,000 31,000 - -
2215100267 AARYAN ASSOCIATES - - 1,199,464 1,199,464 - -
2215100268 ALI AJMAL - ADVOCATE - - 47,058 - 47,058 -
2215100269 GRACE TRAVEL SERVICES (PVT) LTD - - 288,460 288,460 - -
2215100270 ARIF HABIB LIMITED - - 14,684,041 11,199,041 3,485,000 -
2215100271 BAHRIA GRAND HOTEL & RESORT - - 24,304 24,304 - -
2215100272 SEALOG (PVT) LTD - - 95,818 - 95,818 -
2215100273 EXCELLENCE DELIVERED EXD (PVT) LTD - - 6,900,987 643,200 6,257,787 -
2215100274 BIN QASIM ASSOCIATION OF TRADE & INDUSTR - - 61,250 61,250 - -
2215100275 ABDUL SATTAR S/O AHMED DIN - HOUSE RENT - - 120,000 120,000 - -
2215100276 THE NEW TANAWAL HAZARA - - 1,845,393 2,357,800 - 512,407 29/07/2016 512,407 100%
2215100277 RANDHAWA GOODS - - 13,200 13,200 - -
2215100278 GHULAM HAIDER - - - 58,000 58,000 - -
2215100279 WESCO ENTERPRISES - - 96,239 96,239 - 0 0%
2215100280 AKHUND FORBES - - 100,000 100,000 - -
2215100282 AKRAM AUTO WORKS - - 84,658 84,658 - -
2215100283 RIAZ ENGINEERING WORKS - - 54,700 62,500 - 7,800 28/07/2016 7,800 100%
2215100284 IBRAHEEMCRANE & ENGINEERING SERVICES - - 113,900 113,900 - -
2215100285 UNDERWRITING COMM UNITED BANK LTD - - 5,358,000 5,358,000 - -
2215100286 IFTIKHAR HUSSAIN INSULATION WORKS - - 40,000 40,000 - -
2215100287 AMJAD ENGINEERING WORKS - - 296,763 156,461 140,302 - 27/07/2016 30,267
2215100288 NAJMA ABBAS MRS - - 134,000 134,000 - -
2215100289 MEC SERVICES - - 233,500 233,500 - -
2215100290 MASOOD REHMAN - - 51,000 51,000 - -
2215100291 MUHAMMAD YAQOOB (10 N CEILING) - - 36,240 36,240 - -
0

ADVANCES TO
SUPPLIERS
SUPPLIERS
2215100293 ISAAA TECHNICAL SERVICES (PVT) LTD - - 30,160 30,160 - -
2215100294 TARIQ KAMAL QAZI - - 55,100 55,100 - -
2215100296 ALI ENGINEERING - - 30,000 - 30,000 - not
2215100297 JUBILEE GENERAL INSURANCE LTD- TAKAFUL - - 396,143 518,087 - 121,944 12/08/2016 121,944 100%
2215100298 SHAFQAT ALI - - 29,000 29,000 - -
2215100299 SPI INSURANCE COMPANY LIMITED - - 186,155 186,155 - -
2215100300 BASHIR GAS CARRIER - - 1,618,000 2,080,689 - 462,689 06/08/2016 462,689 100%
221515 GENERAL CREDITORS FOR GOODS
2215150001 A.K.B. MILL STORE - 71,000 376,956 407,002 - 101,046 04/09/2016 99,766 99%
2215150004 AL NASIR COMMERCIAL CORP - 452,065 448,344 6,515 - 10,235 not
2215150005 ARIF ENGINEERING WORKS 468,135 - - - 468,135 -
2215150006 ASIF SALEEM & COMPANY - 15,236 382 26,325 - 41,179 not
2215150008 B2C INTERFACE 250,000 - - - 250,000 -
2215150009 BILAL SWITCHGEAR ENGINEERING PVT LTD - 1,208,855 5,006,273 162,140 3,635,279 -
2215150010 CONSULTANCY & ENGINEERING SERVICES - 57,500 2,902,500 3,320,000 - 475,000 02/08/2016 475,000 100%
2215150012 DESCON POWER SOLUTIONS PVT LTD 131,860 - 706,060 706,060 131,860 -
2215150017 ILAM -UD-DIN & CO - 8,100 10,140 2,040 - -
2215150018 INTERTRADE DISTRBUTORS (PVT) LTD 2 - 31,609 50,986 - 19,375 not
2215150024 M.ASHRAF IRON STORE - 5 50,900 50,900 - 5 0%
2215150025 MALIK GAS TRADERS - 3,749 - - - 3,749 not
2215150027 NADEEM ENTERPRISES - 240,238 1,025,480 838,260 - 53,019 05/09/2016 53,019 100%
2215150029 NEW STAR PRINTERS - - 709,830 731,450 - 21,620 23/07/2016 21,620 100%
2215150033 PAKISTAN STATE OIL - 2,778,367 43,595,641 44,918,558 - 4,101,284 01/07/2016 4,101,284 100%
2215150034 POWER ZONE ENGINEERING & SERVICES - 17,210 287,111 269,901 - -
2215150035 ROSHNEE ELECTRIC CENTER - 318,027 1,967,349 1,769,120 - 119,798 09/09/2016 11,978 10%
2215150036 SANA PRINTING - 105 - - - 105 0%
2215150037 SICHUAN AIR SEPARATION PLANT GROUP CO 356,912 - - - 356,912 - not
2215150038 SKY MACHINERY COMPANY - 5,608 - - - 5,608 not
2215150040 SUPERIOR TECHNOLOGY - - 15,795 15,795 - -
2215150041 TECHNO TRENDS 3 - 345,253 345,254 2 -
2215150043 TOTAL ATLAS LUBRICANTS (PVT) LTD 442,245 - - - 442,245 - not
2215150045 ALAM ENTERPRISES 124,400 - 929,790 969,440 84,750 - 13/07/2016 84,750
2215150046 PAKISTAN PURE GAS - - 179,396 179,396 - -
2215150049 HUSSAIN ENTERPRISES - - 481,450 487,830 - 6,380 27/07/2016 6,380 100%
0

ADVANCES TO
SUPPLIERS
SUPPLIERS
2215150051 DIGI BRIGHT (PVT) LTD - 10,000 - - - 10,000 27/07/2016 10,000 100%
2215150052 FAST CABLES LTD. - 114,789 440,138 335,191 - 9,842 not
2215150053 NATIONAL LEATHER BELTING CO. - 121,364 214,243 208,696 - 115,817 not
2215150054 MARKETING SYSTEM INTERNATIONAL - 7,000 365,650 426,650 - 68,000 15/07/2016 68,000 100%
2215150059 STAR ENGINEERING WORKS - - 125,000 125,000 - -
2215150061 ALFATAH ELECTRONICS - - 1,055,530 1,199,530 - 144,000 13/07/2016 144,000 100%
2215150062 HAFIZ MOHAMMAD ISMAIL AND SONS - - 27,610 34,420 - 6,810 02/07/2016 6,810 100%
2215150064 MALIK ELECTRIC COMPANY - - 250,200 250,200 - -
2215150070 GREEN PAINT HOUSE - 139 - - - 139 0%
2215150072 DETECTO SCALES COMPANY - - 15,000 15,000 - -
2215150073 MUNIR BROTHERS & CO. - 813,119 2,727,964 - 1,914,845 -
2215150075 SUBHAN ASSOCIATES - 6,458 - - - 6,458 not
2215150076 MULTAN CHEMICAL LIMITED CREDITOR - - 5,072,975 5,072,975 - -
2215150077 PAK STANDARD INDUSTRIAL SUPPLY - 101,500 82,500 - - 19,000 not
2215150078 NEW GENERAL ELECTRIC COMPANY - 58,307 - - - 58,307 not
2215150080 FRP ENGINEERS (CREDITORS) - 148,404 287,719 262,083 - 122,768 not
2215150083 SGWI ASSOCIATES - 103,578 167,378 91,820 - 28,020 not
2215150086 AQUA REGIA (PVT.) LTD. - 105,993 - - - 105,993 not
2215150087 P.I.M GASES - 6,450 - - - 6,450 not
2215150091 CREDITORS PROVISIONAL - - 36,430,994 43,008,403 - 6,577,409 03/08/2016 6,577,409 100%
2215150092 GLOBALINK GLASS TECHNOLOGY AND EQUI - 13,998,076 88,766,695 227,710,112 - 152,941,492 04/07/2016 152,941,492 100%
2215150096 ITTEFAQ CHEMICAL TRADERS - 53,038 422,347 440,911 - 71,601 15/07/2016 71,601 100%
2215150099 M.A.ENTERPRISE - 852,511 2,480,197 2,284,592 - 656,906 04/08/2016 154,323 23%
2215150102 RIV AIR SRL 9,233,380 - - - 9,233,380 - not
2215150114 SIEMENS PAKISTAN ENGINEERING CO LTD 1,216,100 - 300,220 1,160,820 355,500 - 27/07/2016 2,215,150,116
2215150116 MANZOOR SONS - - - - - -
2215150117 S.M.TRADER - 18,000 291,500 292,300 - 18,800 03/08/2016 18,800 100%
2215150118 ORIENT ENERGY SYSTEM (PVT) LTD 2,232,284 - 25,964,064 28,199,267 - 2,919 not
2215150120 MANSHA BROTHERS 13,157 - - - 13,157 - not
2215150121 ALNOOR REFRACTORIES (Pvt) Ltd. 19 - - - 19 -
2215150122 MULTINET PAKISTAN (Pvt) Ltd. - - 490,200 490,200 - -
2215150131 ASHRAF HARDWARE STORE - - 8 293 - 285 0%
2215150134 THE PROFESSIONALS - - 143,310 145,310 - 2,000 not
2215150135 NOOR IMPEX - 7,153 5,500 - - 1,653 not
2215150137 FURNITURE KINGDOM - - 172,300 302,700 - 130,400 23/07/2016 130,400 100%
2215150140 DOST MUHAMMAD STEEL TRADERS - - - 181,116 - 181,116 30/07/2016 181,116 100%
0

ADVANCES TO
SUPPLIERS
SUPPLIERS
2215150141 I SOLUTIONS - 1 25,000 25,000 - 1 0%
2215150144 LAHORE CHEMICAL COMPANY - 3,700 1,172,364 1,425,468 - 256,804 15/07/2016 256,804 100%
2215150146 AL FAISAL FILLING AND TRUCKING STATION - - 817,078 817,078 - -
2215150149 KIA TECH - - 215,002 278,279 - 63,277 not
2215150150 PAK AIR GUARD - 532,442 2,450,836 3,312,832 - 1,394,438 07/09/2016 646,166 46%
2215150151 UMAR HARDWARE - 3,749 80,686 92,546 - 15,609 NOT
2215150154 ABB (PVT) LTD - 29,340 - - - 29,340 NOT
2215150156 RONGXIN POWER ELECTRIC CO 657,210 - - - 657,210 - NOT
2215150157 NEW ALLIED PAINTS - 46,100 403,031 468,111 - 111,180 01/09/2016 62,400 56%
2215150160 IR SOFT - - 999,923 1,071,986 - 72,063 15/08/2016 72,063 100%
2215150161 STR PRINTING SOLUTION - 5,300 41,300 47,200 - 11,200 NOT
2215150163 IMRAN HARDWARE - 246,672 998,105 1,123,060 - 371,627 NOT
2215150166 SPELL PETROCHEMICALS (Pvt) Ltd. - 111,488 245,552 236,272 - 102,208 26/08/2016 3,051 3%
2215150170 ULTRA CONSTRUCTIN CHEMICALS (Pvt) Ltd - - 284,258 284,258 - -
2215150171 PROFESSIONAL LUBES 1 - 1,822,462 1,822,461 2 -
2215150175 ATLAS HONDA LTD - - 190,500 190,500 - -
2215150182 MOBILE CARE LUBRICANTS - 270 - - - 270 0%
2215150183 DUETZ POWER SOLUTIONS - 839,843 10,441,328 4,341,934 5,259,551 - 06/08/2016 5,259,551
2215150184 BUTT OIL STORE - 69,313 416,765 462,146 - 114,694 05/09/2016 103,795 90%
2215150188 MOHAMMAD RAFIQ ENGINEERING WORKS - 61,200 278,000 246,800 - 30,000 12/07/2016 30,000 100%
2215150194 TOYOTA TOWNSHIP MOTORS PVT LTD - - 183,142 183,142 - -
2215150197 HIGHLAND TRADERS 1,095,724 - - - 1,095,724 - NOT
2215150198 SCHNEIDER ELECTRIC PAKISTAN (PVT) LTD - 62,900 - - - 62,900 NOT
2215150199 ALI & SONS 324 - - - 324 -
2215150201 KAYANI IMPEX - 51,039 1,796,790 2,001,947 - 256,196 01/09/2016 50,864 20%
2215150202 FOSPAK (Pvt) Ltd. - 17,128 97,666 81,524 - 986 NOT
2215150203 INDUSTRIAL LUBRICATION SERVICES (Pvt) L 3,989 - 5,620,463 5,624,451 1 -
2215150205 ABDUL SULTAN AKBAR - (FOR PARADO) 1,411,000 - 34,637,000 33,262,978 2,785,022 - NOT
2215150206 S S TRADERS - 2,152 - - - 2,152 NOT
2215150209 ASHRAF WELDING HOUSE - 49,060 504,205 683,402 - 228,257 20/08/2016 98,865 43%
2215150210 FUEL WORLD - 4 17,400 42,146 - 24,750 NOT
2215150213 KL.TRADERS - 256,895 359,575 131,577 - 28,897 NOT
2215150218 UNIVERSAL GASES 1,487 - - - 1,487 - NOT
2215150219 QASIM SERVICE STATION - 84,427 790,372 705,945 - -
2215150222 NIPPON PAINT (PAKISTAN) (PRIVATE) LIMIT - 1 270,313 603,886 - 333,575 01/09/2016 145,656 44%
2215150223 JAVAID FURNITURE - - 40,000 40,000 - -
0

ADVANCES TO
SUPPLIERS
SUPPLIERS
2215150225 UZAIR TRADERS - 201,491 709,619 517,209 - 9,081 NOT
2215150226 HONDA CITY SALES - - 95,210 95,210 - -
2215150230 AMANAT ALI - CYLINDERS - - 338,000 338,000 - -
2215150231 IBRAHIM HARDWARE STORE - 458,500 1,659,717 1,780,973 - 579,756 04/09/2016 480,308 83%
2215150232 RIZWAN ALI (Computers) - 57,255 511,037 453,782 - -
2215150233 SHOAIB ENTERPRISES - 10,606 196,371 230,303 - 44,537 16/08/2016 27,727 62%
2215150234 NEWTECH 644,063 - 407,427 1,053,490 - 1,999 NOT
2215150236 MUHAMMAD AHMAD (MILK MAN) - - 852,515 852,515 - -
2215150237 PAKISTAN RAILWAYS - - 7,590 - 7,590 - NOT
2215150238 SHOUKAT AND COMPANY - - 769,981 769,981 - -
2215150241 Metro Habib Cash & Carry Pakistan (Pvt) Ltd. - 209 - - - 209 0%
2215150243 POWER FIBER GLASS 10,000 - - - 10,000 - NOT
2215150245 TOTAL OIL PAKSITAN (Pvt) LTD. - 449,412 - - - 449,412 NOT
2215150246 ECO ENERGYS 500,000 - - 500,000 - -
2215150247 NAVEED MANZOOR - (MERCEDES VEHICLE) 240,909 - - - 240,909 - NOT
2215150249 NATIONAL GASES TRADERS - 3,250,000 - - - 3,250,000 NOT
2215150250 AL FAROOQ GAS TRADERS - - 208,000 208,000 - -
2215150251 LUBE HOUSE - 0 187,828 187,828 0 -
2215150252 I N H MERCANICS - - 220,225 220,225 - -
2215150258 RANGWALA IMPEX - 22,001 14,500 - - 7,501 NOT
2215150261 ZAHEER ENGINEERING - - 194,941 199,666 - 4,725 NOT
2215150266 BASHIR & BROTHERS - - 250,000 250,000 - -
2215150268 INTERNATIONAL INDUSTRIES LTD 25,414 - - 5,599 19,814 - NOT
2215150270 AR TRADING CORPORATION 0 - 136,862 136,862 0 -
2215150271 AMRELI STEEL 8,024 - 2,193,000 2,193,000 8,024 - NOT
2215150272 LUCKY CEMENT LTD - - 1,233,560 1,233,560 - -
2215150274 ELECTROMOTION ENGINEERING 144,125 - - - 144,125 - NOT
2215150275 M.A. TRADERS - - 125,300 125,300 - -
2215150276 SOHAIL ASHRAF GAS POINT - - 390,425 390,425 - -
2215150281 FAST MULTIPLE SERVICES - - 199,836 199,836 - 0 0%
2215150282 ARA INTERIORS 70,000 - 83,483 151,500 1,983 -
2215150287 THE FUELERS PRIVATE LTD 21,250 - - - 21,250 -
2215150288 NEW AU TECHNOLOGIES - - 120,200 120,200 - -
2215150289 HAIER PAKISTAN (PVT) LTD 158,400 - - 158,400 - -
2215150290 TOTAL PARCO PAKISTAN LIMITED - 23,864 27,748,465 25,925,088 1,799,514 -
2215150291 ABB POWER & AUTOMATION (PRIVATE) LTD 660,044 - 659,183 1,247,718 71,509 -
0

ADVANCES TO
SUPPLIERS
SUPPLIERS
2215150292 I.R. ENTERPRISES - 14,816 46,694 32,801 - 923 NOT
2215150293 REHAN & SONS - - 5,640 5,640 - -
2215150294 QAZIAN ENGINEERING AND SERVICES 508,500 - - 508,500 - -
2215150295 SHAFIQUE - GLASS FOR 9 N 105,809 - - 105,809 - 0 0%
2215150296 AWAN GLASS & ALUMINIUM 20,000 - 427,146 447,146 - -
2215150297 MARINE PETROLEUM SERVICES - - 1,113,100 1,184,502 - 71,402 08/09/2016 135,662 190%
2215150298 J-HABIB INTERNATIONAL - - 388,396 402,379 - 13,983 02/09/2016 13,982 100%
2215150299 BISMILLAH GREEN LAWN - - 426,918 426,918 - -
2215150301 MODERN ELECTRIC CO. - - 122,460 122,460 - -
2215150303 ADVANCE POWER SOLUTIONS - - 209,254 209,254 - -
2215150304 FATEH MUHAMMAD DOGAR & CO - - 34,500 34,500 - -
2215150305 AMANNAT ( CARPAINTER) - - 119,890 119,890 - -
2215150306 SHAHID TRADERS - - 70,300 70,300 0 -
2215150307 ALI SHER - CONTRACTOR (FOUNTAIN) - - 41,000 41,000 - -
2215150308 AL-FAZAL ENGINEERING - - 27,136 42,186 - 15,050 NOT
2215150310 MIANS TRADING COMPANY - - 177,400 177,400 - -
2215150311 MASCO ENERGY SERVICES - - 4,256,948 4,523,232 - 266,284 03/08/2016 266,284 100%
2215150312 BAVIAN ENTERPRISES - - 272,090 369,427 - 97,337 04/09/2016 97,337 100%
2215150313 PIONEER CEMENT LTD - - 1,807,200 1,807,200 - -
2215150314 EAST METAL RECYCLING - - 2,123,048 2,741,868 - 618,820 29/08/2016 526,043 85%
2215150318 UNIVERSAL ENTERPRISES (PVT) LTD - - 49,735 49,735 - -
2215150319 M. HUSSAIN TRADING CO. - - 166,785 179,515 - 12,730 12/07/2016 12,730 100%
2215150320 ZAHID INDUSTRIAL LINKS - - 601,427 789,355 - 187,928 27/08/2016 187,928 100%
2215150321 UN SECURITY SYSTEMS - - 40,700 40,700 - -
2215150322 MEHAR ASHFAQ & SONS - - 61,474 61,474 - -
2215150323 MULTITECH ENGINEERING - - 619,272 636,395 - 17,123 NOT
2215150324 KHAN ELECTRIC CO - - 55,495 61,295 - 5,800 NOT
2215150325 BISMILLAH TAAL AND ARA MACHINE - - 177,900 177,900 - -
2215150326 LATIF & BROTHERS - - 506,771 623,665 - 116,894 12/07/2016 116,984 100%
2215150327 AA ENGINEERING (PVT) LTD - - 45,000 45,000 - -
2215150329 ARIF ELECTRIC CO - - 19,500 19,500 - -
2215150330 AL-RAFAY ENGINEERING & AUTOMATION - - 356,733 382,560 - 25,827 NOT
2215150331 CIBRO AGENCIES (PRIVATE) LTD - - 28,197 73,710 - 45,513 28/07/2016 28,197 62%
2215150333 AGHA STEEL INDUSTRIES (SUPPLIER) - - 1,155,000 1,151,400 3,600 - NOT
2215150334 NARA INTERNATIONAL (PVT) LTD - - 563,485 563,485 - -
2215150335 B A SYED AND COMPANY - - 856,392 866,922 - 10,530 28/07/2016 10,530 100%
0

ADVANCES TO
SUPPLIERS
SUPPLIERS
2215150336 MALHANCE TECHNICAL (PVT) LTD - - - 27,129 - 27,129 15/07/2016 27,129 100%
2215150337 ADVANCE ENGINEERING GROUP - - 43,355 43,355 - 0 0%
2215150339 SHEIKH TAYYAB MERCHANT - - 225,045 225,045 - -
2215150340 KIF TRADERS - - 88,431 129,910 - 41,479 27/07/2016 41,479 100%
2215150341 QARSHI INDUSTRIES PVT LTD - - 5,280 5,280 - -
2215150342 FAZAL ENGINEERING - - 29,700 42,450 - 12,750 02/08/2016 12,750 100%
2215150343 MARSHAL TRADING CORPORATION - - 13,364 13,364 - -
2215150344 FARMAN SON`S INDUSTRIAL AUTOMATION - - 36,034 73,524 - 37,490 04/09/2016 37,490 100%
2215150345 UMAIR SHAHID PRINTERS - - 21,190 24,465 - 3,275 NOT
2215150346 MIN METAL INTERNATIONAL - - 2,472 85,088 - 82,616 29/08/2016 82,616 100%
2215150347 MASTER TRADERS - - 1,793 123,347 - 121,554 09/08/2016 121,554 100%
2215150348 AL MOEEZ ELECTRIC TRADERS - - - 11,660 - 11,660 12/07/2016 11,660 100%
2215150349 DYNASTIC ENGINEERING - - 238 8,190 - 7,952 NOT
2215150350 HUMAK ENGINEERING (PRIVATE) LTD - - 394,400 170,000 224,400 - NOT
2215150351 HASSAN BROTHER - - 67,024 72,791 - 5,767 16/07/2016 5,767 100%
2215150353 QAISER MUKHTAR AND BROTHERS - - 28,665 28,665 - -
2215150354 WAH INDUSTRIES LIMITED - - 119,144 42,778 76,366 - 01/09/2016 67,642
2215150355 MASTER TECH INTERNATIONAL - - 355 24,453 - 24,098 16/07/2016 24,098 100%
2215150356 COMPSI SOLUTION - - 783,890 1,028,130 - 244,240 05/08/2016 244,240 100%
2215150358 TOTAL IT SOLUTION`S - - 32,700 32,700 - -
2215150359 PRINT INN - - - 21,600 - 21,600 15/07/2016 21,600 100%
2215150363 DIGITAL SOFT (PVT) LTD - - 89,000 - 89,000 - NOT
2215150367 DIN ZAHOOR - - - 3,766,400 - 3,766,400 NOT
221516 CREDITOR - IMPORT
2215160010 JIANGXI OXYGEN PLANT CO., LTD - 91,575 - - - 92,934 NOT

2215160011 ADVANCED ENERGY CONSULTANCY DMCC 412,148 - - - 412,148 - NOT
2215160033 HANGZHOU CHUANKONG GENERAL EQUIPMENT - - 288,320 544 287,776 - NOT
221550 CREDITORS - GENERAL
2215500004 MUHAMMAD JAMIL - (POLISH SERVICES) - - 7,000 7,000 - -
Rounding off difference 74 581 73 580

0

ADVANCES TO
SUPPLIERS
SUPPLIERS
TOTAL 31,337,693 49,000,000 794,518,467 922,904,260 59,059,247 205,108,706 ### 913.97
RIZWAN & COMPANY Prepared By Reviewed By Schedule
Chartered Accountants
0
CLIENT : GHANI GASES LIMITED
Year End : Year Ended June 30, 2017 6/30/2016 Date: Date:
SUBJECT : Creditors Aging
CODE PARTY NAME Amount As Outstanding Outstanding Not Past Due 1 - 180 days 181 - 365 days 1 - 2 years More than 2
On 30-06-15 Date Days years
221501 CREDITORS FOR LOCAL GASES
2215010003 LINDE PAKISTAN LTD (FORMELY BOC PAKISTAN LIMITED) 12,241,640 3-Jun-16 27 12,241,640 - - - -
2215010007 MEDIGAS (PVT) LTD -CREDITORS 437,196 21-Jun-16 9 437,196 - - - -
2215010010 DENIM INTERNATIONAL 411,096 12-Feb-16 139 - 411,096 - - -
221510 GENERAL CREDITORS FOR SERVICES
2215100004 HAJI MUHAMMAD ASLAM& SONS (CRANE CHARGES) 5,075 13-May-15 414 - - - 5,075 -
2215100006 MALIK MUZAFFAR GOODS TRANSPORT CO 481,522 30-Jun-16 0 481,522 - - - -
2215100007 NIAMAT ALI MR 869,446 30-Jun-16 0 869,446 - - - -
2215100009 PAK- QATAR GENERAL TAKAFUL LIMITED 52,275 30-Jun-16 0 52,275 - - - -
2215100036 PAK HI TECH GASES (PVT) LTD 46,000 18-Mar-16 104 - 46,000 - - -
2215100047 AL HYDER TRANSPORT AGENCY 1,252,357 30-Jun-16 0 1,252,357 - - - -
2215100058 UNITY ADVERTISING AGENCY 421,580 30-Jun-15 366 - - - 421,580 -
2215100063 MANSHA SERVICES (PVT.) LTD 16,920 13-May-15 414 - - - 16,920 -
2215100108 MUHAMMAD SULTAN PAINT CONTRACTOR 99,183 23-Sep-15 281 - - 99,183 - -
2215100111 BIN QUTAB CARGO 1,039 30-Jun-15 366 - - - 1,039 -
2215100149 APPLIED PRODUCTS SERVICES (PVT) LTD 123,045 16-Jun-16 14 123,045 - - - -
2215100150 APPLIED AQUAPRODUCTS SERVICES (PVT) LTD. 191,771 27-Jun-16 3 191,771 - - - -
2215100151 H.R. BROTHERS 813,254 13-May-15 414 - - - 813,254 -
2215100152 RIZWAN BROTHERS 12,090 25-Mar-15 463 - - - 12,090 -
2215100155 CRESCENT SERVICES 5,500,000 7-Jun-16 23 5,500,000 - - - -
0
Amount As Outstanding Outstanding More than 2

CODE PARTY NAME On 30-06-15 Date Days Not Past Due 1 - 180 days 181 - 365 days 1 - 2 years years
2215100159 THE PAKISTAN CREDIT RATING AGENCY LIMITED (PACRA) 28,000 18-Jun-16 12 28,000 - - - -
2215100160 SALEEM KHAN SAFI 70,000 10-Jun-16 20 70,000 - - - -
2215100188 SAFE ASIA ASSOCIATES (PVT) LTD 445,980 30-Jun-16 0 445,980 - - - -
2215100205 INTERLINE LAND TRANSPORT CO 340,000 28-Jun-16 2 340,000 - - - -
2215100262 INVEST AND FINANCE SECURITIES LTD 34,494 23-Sep-15 281 - - 34,494 - -
2215100276 THE NEW TANAWAL HAZARA 512,407 18-Jun-16 12 512,407 - - - -
2215100283 RIAZ ENGINEERING WORKS 7,800 18-Jun-16 12 7,800 - - - -
2215100297 JUBILEE GENERAL INSURANCE LTD- TAKAFUL WINDOW 121,944 30-Jun-16 0 121,944 - - - -
2215100300 BASHIR GAS CARRIER 462,689 30-Jun-16 0 462,689 - - - -
221515 GENERAL CREDITORS FOR GOODS
2215150001 A.K.B. MILL STORE 101,046 23-Jun-16 7 101,046 - - - -

2215150004 AL NASIR COMMERCIAL CORP 10,235 8-Jun-16 22 10,235 - - - -
2215150006 ASIF SALEEM & COMPANY 41,179 7-Apr-16 84 - 41,179 - - -
2215150010 CONSULTANCY & ENGINEERING SERVICES 475,000 22-Jun-16 8 475,000 - - - -
2215150018 INTERTRADE DISTRBUTORS (PVT) LTD 19,375 20-Apr-16 71 - 19,375 - - -
2215150025 MALIK GAS TRADERS 3,749 13-May-15 414 - - - 3,749 -
2215150027 NADEEM ENTERPRISES 53,019 30-Jun-16 0 53,019 - - - -
2215150029 NEW STAR PRINTERS 21,620 23-Jun-16 7 21,620 - - - -
2215150033 PAKISTAN STATE OIL 4,101,284 30-Jun-16 0 4,101,284 - - - -
2215150035 ROSHNEE ELECTRIC CENTER 119,798 30-Jun-16 0 119,798 - - - -
2215150036 SANA PRINTING 105 25-Mar-15 463 - - - 105 -
0

2215150038 SKY MACHINERY COMPANY 5,608 18-Dec-14 560 - - - 5,608 -

2215150049 HUSSAIN ENTERPRISES 6,380 16-Jun-16 14 6,380 - - - -
2215150051 DIGI BRIGHT (PVT) LTD 10,000 13-May-15 414 - - - 10,000 -
2215150052 FAST CABLES LTD. 9,842 13-Jun-16 17 9,842 - - - -
2215150053 NATIONAL LEATHER BELTING CO. 115,817 3-Jun-16 27 115,817 - - - -
2215150054 MARKETING SYSTEM INTERNATIONAL 68,000 28-Jun-16 2 68,000 - - - -
2215150061 ALFATAH ELECTRONICS 144,000 2-Jun-16 28 144,000 - - - -
2215150062 HAFIZ MOHAMMAD ISMAIL AND SONS 6,810 13-May-16 48 - 6,810 - - -
2215150070 GREEN PAINT HOUSE 139 13-May-15 414 - - - 139 -
2215150075 SUBHAN ASSOCIATES 6,458 18-Dec-14 560 - - - 6,458 -
2215150077 PAK STANDARD INDUSTRIAL SUPPLY 19,000 3-Jul-15 363 - - 19,000 - -
2215150078 NEW GENERAL ELECTRIC COMPANY 58,307 25-Mar-15 463 - - - 58,307 -
2215150080 FRP ENGINEERS (CREDITORS) 122,768 2-May-16 59 - 122,768 - - -
2215150083 SGWI ASSOCIATES 28,020 29-Jun-16 1 28,020 - - - -
2215150086 AQUA REGIA (PVT.) LTD. 105,993 30-Jun-15 366 - - - 105,993 -
2215150087 P.I.M GASES 6,450 25-Mar-15 463 - - - 6,450 -
2215150091 CREDITORS PROVISIONAL 6,577,409 30-Jun-16 0 6,577,409 - - - -
2215150092 GLOBALINK GLASS TECHNOLOGY AND EQUIPMENT COMPA
152,941,492 30-Jun-16 0 152,941,492 - - - -
2215150096 ITTEFAQ CHEMICAL TRADERS 71,601 8-Jun-16 22 71,601 - - - -
2215150099 M.A.ENTERPRISE 656,906 20-Jun-16 10 656,906 - - - -
2215150117 S.M.TRADER 18,800 8-Jun-16 22 18,800 - - - -
2215150118 ORIENT ENERGY SYSTEM (PVT) LTD 2,919 4-Feb-16 147 - 2,919 - - -
2215150131 ASHRAF HARDWARE STORE 285 26-Oct-15 248 - - 285 - -
0

2215150134 THE PROFESSIONALS 2,000 7-Jun-16 23 2,000 - - - -

2215150135 NOOR IMPEX 1,653 24-Jul-15 342 - - 1,653 - -
2215150137 FURNITURE KINGDOM 130,400 28-Jun-16 2 130,400 - - - -
2215150140 DOST MUHAMMAD STEEL TRADERS 181,116 5-May-16 56 - 181,116 - - -
2215150144 LAHORE CHEMICAL COMPANY 256,804 10-Jun-16 20 256,804 - - - -
2215150149 KIA TECH 63,277 26-May-16 35 - 63,277 - - -
2215150150 PAK AIR GUARD 1,394,438 24-Jun-16 6 1,394,438 - - - -
2215150151 UMAR HARDWARE 15,609 22-Jun-16 8 15,609 - - - -
2215150154 ABB (PVT) LTD 29,340 30-Jun-15 366 - - - 29,340 -
2215150157 NEW ALLIED PAINTS 111,180 21-Jun-16 9 111,180 - - - -
2215150160 IR SOFT 72,063 30-Jun-16 0 72,063 - - - -
2215150161 STR PRINTING SOLUTION 11,200 29-Jun-16 1 11,200 - - - -
2215150163 IMRAN HARDWARE 371,627 16-Mar-16 106 - 371,627 - - -
2215150166 SPELL PETROCHEMICALS (Pvt) Ltd. 102,208 7-May-16 54 - 102,208 - - -
2215150182 MOBILE CARE LUBRICANTS 270 13-May-15 414 - - - 270 -
2215150184 BUTT OIL STORE 114,694 22-Jun-16 8 114,694 - - - -
2215150188 MOHAMMAD RAFIQ ENGINEERING WORKS 30,000 9-May-16 52 - 30,000 - - -
2215150198 SCHNEIDER ELECTRIC PAKISTAN (PVT) LTD. 62,900 25-Mar-15 463 - - - 62,900 -
2215150201 KAYANI IMPEX 256,196 16-Jun-16 14 256,196 - - - -
2215150202 FOSPAK (Pvt) Ltd. 986 19-Apr-16 72 - 986 - - -
2215150206 S S TRADERS 2,152 25-Mar-15 463 - - - 2,152 -
2215150209 ASHRAF WELDING HOUSE 228,257 22-Jun-16 8 228,257 - - - -
2215150210 FUEL WORLD 24,750 27-Aug-15 308 - - 24,750 - -
0

2215150213 KL.TRADERS 28,897 13-Jun-16 17 28,897 - - - -

2215150222 NIPPON PAINT (PAKISTAN) (PRIVATE) LIMITED. 333,575 3-Jun-16 27 333,575 - - - -
2215150225 UZAIR TRADERS 9,081 22-Jun-16 8 9,081 - - - -
2215150231 IBRAHIM HARDWARE STORE 579,756 25-Jun-16 5 579,756 - - - -
2215150233 SHOAIB ENTERPRISES 44,537 25-Jun-16 5 44,537 - - - -
2215150234 NEWTECH 1,999 14-Mar-16 108 - 1,999 - - -
2215150241 Metro Habib Cash & Carry Pakistan (Pvt) Ltd. 209 13-May-15 414 - - - 209 -
2215150245 TOTAL OIL PAKSITAN (Pvt) LTD. 449,412 30-Aug-15 305 - - 449,412 - -
2215150249 NATIONAL GASES TRADERS 3,250,000 20-May-15 407 - - - 3,250,000 -
2215150258 RANGWALA IMPEX 7,501 5-Sep-15 299 - - 7,501 - -
2215150261 ZAHEER ENGINEERING 4,725 19-Apr-16 72 - 4,725 - - -
2215150292 I.R. ENTERPRISES 923 14-Jun-16 16 923 - - - -
2215150297 MARINE PETROLEUM SERVICES 71,402 28-Jun-16 2 71,402 - - - -
2215150298 J-HABIB INTERNATIONAL 13,983 13-Jun-16 17 13,983 - - - -
2215150308 AL-FAZAL ENGINEERING 15,050 30-Apr-16 61 - 15,050 - - -
2215150311 MASCO ENERGY SERVICES 266,284 23-Jun-16 7 266,284 - - - -
2215150312 BAVIAN ENTERPRISES 97,337 22-Jun-16 8 97,337 - - - -
2215150314 EAST METAL RECYCLING 618,820 15-Jun-16 15 618,820 - - - -
2215150319 M. HUSSAIN TRADING CO. 12,730 23-Jun-16 7 12,730 - - - -
2215150320 ZAHID INDUSTRIAL LINKS 187,928 28-May-16 33 - 187,928 - - -
2215150323 MULTITECH ENGINEERING 17,123 11-May-16 50 - 17,123 - - -
2215150324 KHAN ELECTRIC CO 5,800 8-Jun-16 22 5,800 - - - -
2215150326 LATIF & BROTHERS 116,894 21-Jun-16 9 116,894 - - - -
2215150330 AL-RAFAY ENGINEERING & AUTOMATION 25,827 28-Apr-16 63 - 25,827 - - -
2215150331 CIBRO AGENCIES (PRIVATE) LTD 45,513 21-Jun-16 9 45,513 - - - -
2215150335 B A SYED AND COMPANY 10,530 2-May-16 59 - 10,530 - - -
0
SUBJECT : Advances TO customers- Aging

CODE PARTY NAME Not Past Due 1 - 180 days 181 - 365 days 1 - 2 years
221501 CREDITORS FOR LOCAL GASES -
2215010008 PRIME GASES 361,663 26-Jun-15 370 - - - 361,663 -

2215010009 STAR GAS TRADERS 29,950 26-Jun-15 370 - - - 29,950 -
2215010011 S.S ENTERPRISES 92,054 26-Jun-15 370 - - - 92,054 -
2215010016 PARADISE GASES 79,621 12-Oct-15 262 - - 79,621 - -
221510 GENERAL CREDITORS FOR SERVICES - - - - - -
2215100003 BAIG TRADING AND CONSTRUCTION COMPANY 10,389,939 29-Jun-16 1 10,389,939 - - - -

2215100019 TARIQ MEHMOOD DSK LAW FIRM 55,000 30-Jun-16 0 55,000 - - - -
2215100029 RASHID AWAN GOODS TRANSPORT COMPANY 1,547,079 30-Jun-16 0 1,547,079 - - - -
2215100037 AL MADAD ENGINEERING WORKS MURAD ALI 2,000 16-Mar-13 1202 - - - - 2,000
2215100064 ISP ENGINEERING 113,000 29-Jun-16 1 113,000 - - - -
2215100069 RIL LOGISTICS (PVT) LTD 348,705 30-Jun-16 0 348,705 - - - -
2215100072 UEC (PVT) LTD 963 8-Aug-15 327 - - 963 - -
2215100080 YOUSAF LAW ASSOCIATES 85,000 30-Jun-15 366 - - - 85,000 -
2215100092 DESCON ENGINEERING LTD. 150,000 23-Jun-14 738 - - - - 150,000
2215100109 RIND ENGINEERING WORKS 70,796 15-Jun-16 15 70,796 - - - -
2215100118 KEY ENGINEERING SERVICES 75,038 26-Jun-15 370 - - - 75,038 -
0

2215100123 MAKKI ASSOCIATES 4,098 20-May-16 41 - 4,098 - - -

2215100127 A & S FOOD 881 16-Mar-13 1202 - - - - 881
2215100138 KPMG TASEER HADI & CO 808,186 26-Jun-15 370 - - - 808,186 -
2215100153 SADIA, RIZWAN & ASSOCIATES 125,000 26-Jun-15 370 - - - 125,000 -
2215100174 AKRAM ULLAH ENGINEERING WORKS 25,000 16-Mar-13 1202 - - - - 25,000
2215100175 BAGHDAD ENGINEERING WORKS 120,000 13-Mar-14 840 - - - - 120,000
2215100178 AL-FATAH ENTERPRISES 3,876 16-Mar-13 1202 - - - - 3,876
2215100225 RAVI TAX ADVISORS 44,444 26-Jun-15 370 - - - 44,444 -
2215100231 GUNYA CONSULTING 90,000 8-Jan-15 539 - - - 90,000 -
2215100242 BAIG CONSTRUCTION CO. (10 N MODEL TOWN) 4,083,500 30-Jun-16 0 4,083,500 - - - -
2215100249 SHEHBAZ AHMED - FALCON COMPLEX KARACHI 194,003 30-Jun-16 0 194,003 - - - -
2215100268 ALI AJMAL - ADVOCATE 47,058 21-Oct-15 253 - - 47,058 - -
2215100270 ARIF HABIB LIMITED 3,485,000 26-Mar-16 96 - 3,485,000 - - -
2215100272 SEALOG (PVT) LTD 95,818 26-Mar-16 96 - 95,818 - - -
2215100273 EXCELLENCE DELIVERED EXD (PVT) LTD 6,257,787 26-Mar-16 96 - 6,257,787 - - -
2215100287 AMJAD ENGINEERING WORKS 140,302 26-Mar-16 96 - 140,302 - - -
2215100296 ALI ENGINEERING 30,000 26-Mar-16 96 - 30,000 - - -
221515 GENERAL CREDITORS FOR GOODS - - - - -
2215150005 ARIF ENGINEERING WORKS 468,135 16-Mar-13 1202 - - - - 468,135

0

2215150008 B2C INTERFACE 250,000 16-Mar-13 1202 - - - - 250,000

2215150009 BILAL SWITCHGEAR ENGINEERING PVT LTD 3,635,279 28-May-16 33 - 3,635,279 - - -
2215150012 DESCON POWER SOLUTIONS PVT LTD 131,860 30-Jun-16 0 131,860 - - - -
2215150021 KARACHI PIPE INDUSTRIES 62 26-Jun-15 370 - - - 62 -
2215150037 SICHUAN AIR SEPARATION PLANT GROUP CO 356,912 26-Jun-15 370 - - - 356,912 -
2215150043 TOTAL ATLAS LUBRICANTS (PVT) LTD 442,245 30-Jun-15 366 - - - 442,245 -
2215150045 ALAM ENTERPRISES 84,750 30-Jun-16 0 84,750 - - - -
2215150073 MUNIR BROTHERS & CO. 1,914,845 15-Jun-16 15 1,914,845 - - - -
2215150102 RIV AIR SRL 9,233,380 26-Jun-15 370 - - - 9,233,380 -
2215150114 SIEMENS PAKISTAN ENGINEERING CO LTD 355,500 19-Apr-16 72 - 355,500 - - -
2215150120 MANSHA BROTHERS 13,157 26-Jun-15 370 - - - 13,157 -
2215150121 ALNOOR REFRACTORIES (Pvt) Ltd. 19 16-Mar-13 1202 - - - - 19
2215150156 RONGXIN POWER ELECTRIC CO 657,210 26-Jun-15 370 - - - 657,210 -
2215150183 DUETZ POWER SOLUTIONS 5,259,551 29-Jun-16 1 5,259,551 - - - -
2215150197 HIGHLAND TRADERS 1,095,724 30-Apr-13 1157 - - - - 1,095,724
2215150199 ALI & SONS 324 16-Mar-13 1202 - - - - 324
2215150205 ABDUL SULTAN AKBAR - (FOR PARADO) 2,785,022 25-Apr-16 66 - 2,785,022 - - -
2215150218 UNIVERSAL GASES 1,487 30-Jun-15 366 - - - 1,487 -
2215150237 PAKISTAN RAILWAYS 7,590 18-Aug-15 317 - - 7,590 - -
2215150243 POWER FIBER GLASS 10,000 26-Jun-15 370 - - - 10,000 -
2215150247 NAVEED MANZOOR - (MERCEDES VEHICLE) 240,909 26-Jun-15 370 - - - 240,909 -
0

2215150268 INTERNATIONAL INDUSTRIES LTD 19,814 31-Aug-15 304 - - 19,814 - -

2215150271 AMRELI STEEL 8,024 3-Dec-15 210 - - 8,024 - -
2215150274 ELECTROMOTION ENGINEERING 144,125 23-Jun-14 738 - - - - 144,125
2215150282 ARA INTERIORS 1,983 3-Dec-15 210 - - 1,983 - -
2215150287 THE FUELERS PRIVATE LTD 21,250 9-Jan-13 1268 - - - - 21,250
2215150290 TOTAL PARCO PAKISTAN LIMITED 1,799,514 27-May-16 34 - 1,799,514 - - -
2215150291 ABB POWER & AUTOMATION (PRIVATE) LTD 71,509 27-May-16 34 - 71,509 - - -
2215150333 AGHA STEEL INDUSTRIES (SUPPLIER) 3,600 27-May-16 34 - 3,600 - - -
2215150350 HUMAK ENGINEERING (PRIVATE) LTD 224,400 27-May-16 34 - 224,400 - - -
2215150354 WAH INDUSTRIES LIMITED 76,366 27-May-16 34 - 76,366 - - -
2215150363 DIGITAL SOFT (PVT) LTD 89,000 27-May-16 34 - 89,000 - - -
221516 CREDITOR - IMPORT -
2215160011 ADVANCED ENERGY CONSULTANCY DMCC 412,148 16-Mar-13 1202 - - - - 412,148

2215160033 HANGZHOU CHUANKONG GENERAL EQUIPMENT CO 287,776 27-May-16 34 - 287,776 - - -
Rounding off difference 2

0

TOTAL 59,059,248 24,193,030 19,340,971 165,053 12,666,697 2,693,498


Subject : Trade Creditors - Confirmation Control Summary
CONFIRMATION BALANCE AS PER BALANCE AS PER

CODE PARTICULARS REF REF REF DIFFERENCE
SENT ON RECEIVED ON CONFIRMATION BOOKS
2215150249 NATIONAL GASES TRADERS 3,250,000

2215150150 PAK AIR GUARD 1,394,438 1,394,438
2215150033 PAKISTAN STATE OIL 4,101,284 4,101,284
2218010002 Ravi spinning mills ltd 5,083,198 5,083,198
2215100155 CRESCENT SERVICES 6-Sep-16 0 5,500,000 5,500,000
2215150092 GLOBALINK GLASS TECHNOLOGY A 152,941,492
19,328,920

Period : June 30, 2015
Subject : Advance from Customers - Movement
OPENING DURING THE YEAR CLOSING SUBSEQUENT CLEARANCE AS ON JULY 31, 2014
CODE PARTICULARS
BALANCE DEBIT CREDIT BALANCE Date Amount S.O.S Percentage
3215010015 KARACHI WELDING MATERIAL SHOP -SARGHOD - - - - 0%

3215010052 MEDIGAS OXYGEN (PVT.) LTD. 362,761 362,761 - 362,761 100%
3215010053 PAK ARAB FERTILIZERS LIMITED 1 - MULTAN 1,159,163 1,159,163 - 1,159,163 100%
3215010056 SARWAR TRADERS KARACHI - - - - #DIV/0!
3215010057 AZEEM SONS 7,750 7,750 15-Jul-14 7,750 100%
3215011000 SUSPENSE ACCOUNT 2,697,460 2,697,460 - 2,697,460 100%
3215011002 PHARMA GLASS 37,068 37,068 6-Jul-14 37,068 100%
3215011088 T.M.GASES (PVT.) LTD. 36,154 36,154 - 36,154 100%
3215011107 SADAF ENTERPRISES 104,504 104,504 - 104,504 100%
3215011108 MAKKAH AMONIA GAS & WELDING MATERIAL 406,062 406,062 19-Jul-14 406,062 100%
3215011124 ABDUL HAFEEZ (MUZAFFAR GARH) 1,740 1,740 - 1,740 100%
3215011126 SHARIF OXYGEN (PVT) LTD 1 1 - 1 100%
3215011128 NISHAT CHUNIAN POWER LIMITED 43 43 - 43 100%
3215011133 HERO GASES 0 0 - 0 100%
3215011135 ZAHEER TRADERS KHI 38,308 38,308 25-Jul-14 38,308 100%
3215011152 SALTEX TRADING 4 4 - 4 100%
3215011159 HUB STEEL 16,339 16,339 - 16,339 100%
3215011160 STAR GAS TRADERS 8 8 - 8 100%
3215011163 ADAM SHIP BREAKER'S 82,974 82,974 18-Jul-14 82,974 100%
3215011167 S.N ENTERPRISES 83,062 83,062 - 83,062 100%
3215011174 AL BARKAT GLASS 504 504 - 504 100%
3215011177 CORNPAK LIMITED 8,521 8,521 - 8,521 100%
3215011186 HASSAN GAS RYK 47 47 - 47 100%
3215011190 QASIM SUPER OXYGEN 285,352 285,352 - 285,352 100%
3215011199 QADRI ENGINEERING 220 220 - 220 100%
3215011205 ABDUL SATTAR NOOR MUHAMMAD 338,245 338,245 - 338,245 100%
3215011209 MILLAT INDUSTRIAL PRODUCTS LTD. 7,010 7,010 - 7,010 100%
3215011211 GHAZI BROTHERS LAHORE 13,982 13,982 - 13,982 100%

CODE PARTICULARS
3215011216 GLASS TECH 317,906 317,906 - 317,906 100%

3215011217 DRUG PHARM 956,025 956,025 - 956,025 100%
3215011224 EVO GLASS LAHORE 51,545 51,545 3-Jul-14 51,545 100%
3215011227 CAVALRY HOSPITAL 361,645 361,645 - 361,645 100%
3215011228 ORIENT ENERGY SYSTEMS (PVT.) LTD. 453 453 10-Jul-14 453 100%
3215011231 NEW OXY PAK 1 1 - 1 100%
3215011237 DR. JAMSHED QAISER 16,732 16,732 5-Jul-14 16,732 100%
3215011239 PRO FARM PAKISTAN PRIVATE LIMITED 4 4 - 4 100%
3215011241 RAO AQEEL AHMED 5,115 5,115 - 5,115 100%
3215011249 RAINBOW GASES 686 686 - 686 100%
3215011250 ELITE SIRES 21,998 21,998 - 21,998 100%
3215011251 COKGEND 4,758 4,758 - 4,758 100%
3215011255 DOCTOR TARIQ ALLA ABAD 2,180 2,180 6-Jul-14 2,180 100%
3215011263 WASEEM BROTHER 11,210 11,210 - 11,210 100%
3215011264 ASGHAR KAMAL 84,261 84,261 12-Jul-14 84,261 100%
3215011265 REFINE GAS PVT LTD-KARACHI 53,507 53,507 - 53,507 100%
3215011270 PASBAN GASES 16,266 16,266 - 16,266 100%
3215011272 INDUS SANABLE LIFE 17,494 17,494 - 17,494 100%
3215011283 ZAMINDARA MEDICUS 75,800 75,800 5-Jul-14 75,800 100%
3215011288 FATAMNA CORPORATION 6,000 6,000 - 6,000 100%
3215011289 SUFI GAS TRADERS 16,000 16,000 - 16,000 100%
3215011294 PAKISTAN SYNTHETICS LTD 22,199 22,199 - 22,199 100%
3215011304 BANGASH TRADER PISHAWAR 67,593 67,593 17-Jul-14 67,593 100%
3215011320 HASSAN GENERAL HOSPITAL KARACHI - - - - #DIV/0!
3215011321 AL MADINA GAS TRADER LAHORE 1,500,449 1,500,449 - 1,500,449 100%
3215011326 QUETTA TEXTILE DENA NATH 1 1 - 1 100%
3215200064 MUHAMMAD UMAIR 2 2 - 2 100%
3215200065 TOUSEEF BABER 1 1 - 1 100%

CODE PARTICULARS
3215200073 MUHAMMAD SALEEM 5 5 - 5 100%
3215200074 USMAN FARAZ (CAC) 519,396 519,396 5-Jul-14 519,396 100%

3215200075 SHAHID 22,996 22,996 - 22,996 100%
3215200077 YAAR MUHAMMAD 126 126 - 126 100%
3215200080 TAHIR NOOR 0 0 - 0 100%
3215200087 ZUBAIR OKARA CAC 80,431 80,431 12-Jul-14 80,431 100%
3215200093 IQBAL AND BROTHERS 225,000 225,000 - 225,000 100%
3215220003 XXXZUBAIR OKARA-XXX 0 0 - 0 100%
3215230006 RAZA GAS TRADERS (COMP. GASES) 4,203 4,203 - 4,203 100%
3215230013 CHAUDHARY BROTHERS (COM) 73,650 73,650 - 73,650 100%
3215230028 MUHAMMAD ASLAM MUGHAL (COMP. GASES) 7,451 7,451 13-Jul-14 7,451 100%
3215230035 CHAUDHRY ZULFIQAR (COM. GASES) 375 375 - 375 100%
3215230039 NADEEM TRADERS (COMP. GASES) 8,592 8,592 - 8,592 100%
3215230044 JAVED WELDING GASES (COMP. GASES) 3,553 3,553 14-Jul-14 3,553 100%
3215230045 QAZI KHALIL (COMP. GASES) 3,796 3,796 - 3,796 100%
3215230053 NASEER GASES (COMP. GASES) 802 802 - 802 100%
3215230054 SALMAN GASES (COMP. GASES) 26,029 26,029 - 26,029 100%
3215230055 CAPITAL PAINT HOUSE (COMP. GASES) 36,390 36,390 - 36,390 100%
3215230056 SARFRAZ PURE GASES (COMP. GASES) 27,090 27,090 - 27,090 100%
3215230059 QAZI AMJAD (COMP. GASES) 5,369 5,369 7-Jul-14 5,369 100%
3215230061 SHAIR ALI BROTHERS (COMP. GASES) 51,535 51,535 - 51,535 100%
3215230062 NEW LIGHT CORPORATION (COMP) 317 317 - 317 100%
3215230065 MUGHAL GASES (COMP. GASES) 500 500 - 500 100%
3215230069 WAPDA HOSPITAL (COMP. GASES) 245 245 - 245 100%
3215230070 KASHIF (COMP. GASES) 12,728 12,728 - 12,728 100%
3215230072 ZAHID ABBAS 42,646 42,646 - 42,646 100%
3215230076 UTILITY GASES (COMP. GAS) 1,401 1,401 - 1,401 100%
3215230077 ASLAM DENTER G KHAN 2,541 2,541 - 2,541 100%

CODE PARTICULARS
3215230078 ATTOCK GASES 2,653 2,653 - 2,653 100%
3215230079 HAJI ABDUL KHALIQ 636 636 - 636 100%
3215230084 WALLS ICE CREAM (COMP) 91 91 - 91 100%

3215230085 NISHAT POWER LIMITED (COMP. GAS) 5,105 5,105 - 5,105 100%
3215230086 COMBINE MILTARY HOSPITAL (CMH) 675 675 - 675 100%
3215230089 LUCKY TRADER HASSAN ABDAL PINDI (COMP) 192 192 - 192 100%
3215230091 BABA AKRAM PINDI (COMP) 39 39 - 39 100%
3215230093 NATIONAL GASES PINDI (COM) 4,323 4,323 - 4,323 100%
3215230096 MB DYES CHEMICALS AND SILK INDUSTRY (PVT.) 613 613 - 613 100%
3215230104 LATIF AND SONS (COMP) 2,872 2,872 - 2,872 100%
3215230105 FATAMNA CORPORATION (COMP) 32,152 32,152 - 32,152 100%
3235080001 BAIG TRADING (AGST GENERATOR) 414,313 414,313 8-Jul-14 414,313 100%
3215010031 INTERNATIONAL INDUSTRIAL GASES - KARACHI 5,972 5,972 - 5,972 100%
3215010037 MAAN ENTERPRISES- HYDERABAD 15 15 - 15 100%
3215010041 RASHEED TRADING CO - QUETTA 684,175 684,175 9-Jul-14 684,175 100%
3215010043 SALAM'S INTERNATIONAL SHIP BREAKERS AND 722,230 722,230 - 722,230 100%
3215010065 HYDER SHIP BREAKING COMPANY - GADDANI K 1,171,570 1,171,570 15-Jul-14 1,171,570 100%
3215010073 ABBAS ENGINEERING INDUSTRIES LIMITED - K 14,343 14,343 - 14,343 100%
3215010085 JAFFRANI BROTHERS RE ROLLING MILL 82,085 82,085 - 82,085 100%
3215011001 A A SHIP BREAKERS 271,844 271,844 - 271,844 100%
3215011096 ABBAS STEEL INDUSTIRES (PVT.) LTD. 119,538 119,538 8-Jul-14 119,538 100%
3215011104 AL RAHIM TRADING CO. (PVT) LIMITED 29,089 29,089 - 29,089 100%
3215011109 COMMERCIAL METAL 86,107 86,107 - 86,107 100%
3215011137 PRIME SHIP BREAKERS 130,981 130,981 - 130,981 100%
3215011148 AL SAFA STEEL 22,983 22,983 20-Jul-14 22,983 100%
3215011158 BOLAN ENTERPRISES 31,165 31,165 - 31,165 100%
3215011166 NATIONAL SHIP BREAKER 246 246 - 246 100%
3215011192 A F STEEL RE-ROLLING MILLS KARACHI 29,759 29,759 - 29,759 100%

CODE PARTICULARS
3215011207 AL- HAMZA TRADING & SHIP BREAKING CO. 16,131 16,131 - 16,131 100%
3215011210 AL FAROOQ STEEL INDUSTRIES 407,962 407,962 - 407,962 100%
3215011242 MATEEN INTERNATIONAL 79,964 79,964 - 79,964 100%
3215011258 UNIVERSAL GASES 749,350 749,350 - 749,350 100%

3215011310 MAJEED BROTHER KAARCHI 104,300 104,300 - 104,300 100%
3215200004 NAJMUDDIN KARACHI 99,964 99,964 26-Jul-14 99,964 100%
3215200030 ZULFIQAR ALI KARACHI 28,283 28,283 - 28,283 100%
TOTAL 15,806,002 - - 15,806,002 - 15,806,002 100%


CODE PARTICULARS

Subject : Advances TO customers - Confirmation Control Summary
CONFIRMATION BALANCE AS PER BALANCE AS PER

CODE PARTICULARS REF REF REF DIFFERENCE
SENT ON RECEIVED ON CONFIRMATION BOOKS
2215100003 BAIG TRADING AND CONSTRUCTION COMPANY 10,389,939 10,389,939

2215100029 RASHID AWAN GOODS TRANSPORT COMPANY 1,547,079 1,547,079
2215100270 ARIF HABIB LIMITED 3,485,000 3,485,000
2215100273 EXCELLENCE DELIVERED EXD (PVT) LTD 6-Sep-16 - 6,257,787 6,257,787
21,679,805

Subject : Accrued Liabilities
June 30, 2017 June 30, 2016

Amount Amount
2220010001 Salaries & Wages Payable-Plant (3,594,875) (3,795,285)

2220010002 Insurance Expense Payable Production - (2)
2220010003 Eobi Employee Contribution Payable Plant (19,110) (14,677)
2220010004 Eobi Employer Contribution Payable Plant - (53,000)
2220010005 Social Security Payable Plant - (62,567)
2220010008 Leave Encashment Payable Production (13,735) (13,735)
2220010010 Overtime Payable Production (32,458) (478,897)
2220010011 Electricity Expense Payables Production (15,177,520) 4,395,122
2220010012 Sui Gas Bill Payable (10,732,081) (13,331,432)
2220020001 Directors Remuneration Payable (1,196,100) (943,188)
2220020002 Office Rent Payable - (3,140,501)
2220020003 Auditor Fee Payable (605,000) (605,000)
2220020005 Eobi Employee Contribution Payable H.O (12,950) (9,600)
2220020006 Eobi Employer Contribution Payable H.O (3,250) (36,500)
2220020007 Social Security Payable Head Office 1 (22,990)
2220020008 Salaries & Wages Payable-Head Office (2,142,065) (2,069,626)
2220020010 Electricity Expense Payables Admin (136,226) -
2220020014 Insurance Expense Payable Admin - 2
2220040001 Provident Fund Payable-Head Office (507,938) (612,810)
2220040002 Provident Fund Payable-Plant (285,345) (449,158)
2220040003 Loan Against Provident Fund (20,536,151) (7,731,981)
2220040007 Bonus Payable (1,923,209) -
2220040009 Provident Fund Payable - Director Remuneration - (235,904)
2220060002 Bilal Zulfiqar - Payable Agst Motorcycle Policy (138,000) -
2220060003 Farrukh Butt - Payable Against Motor Cycle (69,000) (69,000)
2220060004 Fahad Iqbal - Payable Agst Motorcycle (69,000) (69,000)
2220060005 Qazi Imran - Payable Against Motor Cycle (107,000) (59,000)
2220060006 Muhammad Attique - Payable Against Motor Cycle (86,000) (86,000)
2220060008 Farzand Ali Mr Advance Agst Vehicle (611,225) (252,094)
2220060009 Khalid Latif Payable Agst Motor Cyle (69,900) (69,900)
2220060010 Yasir Mughal Payable Agst Motor Cyle (69,900) (69,900)
2220060012 Waqas Murtaza - Sales- Payable Agst Motor Cyle (63,500) -
2220060013 Asim Mehmud Mr Advance Agst Vehicle (619,998) -
2220060014 Muhammad Zahid Mr - Payable Agst Motorcycle Policy (63,500) -
2223010002 Medical Expenses Payable Mr Nazir Ahmed (359,141) (287,062)
2223010004 Medical Expense Payable Hafiz Farooq Ahmad 268,899 (379,766)
2223020001 Medical Expenses Payable Mr Farzand Ali (35,286) (235,816)
2223020002
### Medical Expenses Payable Mr Sibtul Hassan Galani (64,846)
### (21,697)
2223020003 Medical Expenses Payable Mr Shahid Mehmood (5,611) (5,515)
2223020007 Medical Expense Payable Mr Masroor Ahmad 300,148 298,888
2223020009 Medical Expense Payable Mr Tauseef Rasheed (5,760) (4,704)
2223030002 Medical Expenses Payable Mr Sajjad Ali Khan (13,967) (16,424)
2223030003 Medical Expenses Payable Mr Adnan Butt (313,881) (159,921)
2223030004 Medical Expenses Payable Mr Attique Ahmad 1,584,413 806,587
2226300001 With Holding Sales Tax Payable (15,953) (636)
2226300002 With Holding Sales Tax Payable -(Un Registered) - -
2236020001 Unpaid Salaries Plant (35,219) (18,621)
2236020002 Unpaid Incentive Plant (3,582) (3,582)
2236020003 Unpaid Overtime Plant (35,321) (29,721)
2236020004 Unpaid Leave Encashment Plant (3,300) (3,300)
2240010001 Zakat Payable (19,231) (20,000)
3225060002 Farzand Ali Loan Against Provident Fund-Head Office 1,149,997 341,664
3225060003 Sajjad Ali Khan Loan Against Provident Fund-Head Office 333,333 -
3225060004 Pirzada
Asim Mehmood
Mehmood Loan Against Loan
Ul Hassan Provident Fund-Head
Against Office
Provident Fund-Head 1,266,667 172,500
3225060005 Office 500,000 177,333
3225060006 Fariha Asim Loan Against Provident Fund-Head Office 533,333 162,500
3225060009 Muhammad Imran Loan Agst Provident Fund 74,250 5,000
3225061009 Khalid Latif - Procurement Deptt Loan Agst Provident Fund 185,000 120,000
3225061010 Farhat Javed Loan Agst Provident Fund 416,666 33,333
3225061011 Nasir Ali Sohail Loan Agst Provident Fund 83,333 183,333
3225061013 Fahad Nadeem Loan Agst Provident Fund 79,333 64,000
3225061016 Muhammad Nadeem Loan Agst Provident Fund 35,000 11,667
3225061021 Nazir Ahmed Gm Loan Agst Provident Fund 0 400,000

June 30, 2017 June 30, 2016

Amount Amount
3225061025 Usman Ud Din Loan Agst Provident Fund 75,000 150,000
3225061030 Muhammad Khalid Qureshi Loan Agst Provident Fund 43,333 33,333
3225061032 Muhammad Akram Office Boy Loan Agst Provident Fund (0) 8,333
3225061033 Muhammad Ali Driver Loan Agst Provident Fund 24,000 10,000
3225061037 Syed Sibtul Hassan Galani Loan Agst Provident Fund 62,500 312,500
3225061040 Khadim Hussain Loan Agst Provident Fund 40,000 12,000
3225061041 Fahad Azhar Butt Loan Agst Provident Fund 0 38,475
3225061042 Mumtaz Ahmad Loan Agst Provident Fund 10,000 10,000
3225061043 Bilal Zulfiqar - Marjketing Loan Agst Provident Fund 60,000 25,000
3225061048 Ahmad Shafique P.A Cfo Loan Agst Provident Fund 30,000 5,000
3225061052 Hafiz Muhammad Adeel Loan Agst Provident Fund 0 40,000
3225061053 Mohammad Hussain- Driver Loan Agst Provident Fund 11,976 15,000
3225061054 Adnan Butt Loan Agst Provident Fund 518,333 1,088,500
3225061055 Farrukh Butt (Marketing) Loan Agst Provident Fund 18,750 16,667
3225061057 Atique Ahmad Khan Mr Loan Agst Provident Fund 5,762,499 1,100,000
3225061058 Farooq Ahmad Mr Loan Agst Provident Fund 5,762,499 1,100,000
3225061059 Salman Arshad Loan Agst Provident Fund 70,833 79,750
3225061061 Yasir Mughal Mr (Purchaser) Loan Agst Provident Fund 32,500 12,500
3225061062 Amjad Mahmood -Electrician Loan Agst Provident Fund - 12,000
3225061064 Ghazala Adnan Mrs Loan Agst Provident Fund 50,417 105,875
3225061065 Waqas Murtaza Loan Agst Provident Fund 35,000 30,000
3225061066 Ali Muhammad - Driver Loan Agst Provident Fund - 10,000
3225061067 Khizer Tahir Loan Agst Provident Fund 100,000 220,000
3225061068 Kiran Munir Mrs Loan Agst Provident Fund 195,000 53,333
3225061069 Habib Ur Rehman Loan Agst Provident Fund - 28,500
3225061070 Muhammad Usman Ahsan Loan Agst Provident Fund - -
3225061071 Ahsan Fayyaz Loan Agst Provident Fund 25,000 -
3225061073 Shahzad Mehmood - Driver Loan Agst Provident Fund 4,167 -
3225061074 Fahad Iqbal Loan Agst Provident Fund - Ggl2 0101000291 51,333 -
3225061075 Shahnawaz Mess Helper Loan Agst Provident Fund 6,000 -
3225061076 Hassan Ali Loan Agst Provident Fund 6,000 -
3225061077 Muhammad Mustafa Loan Agst Provident Fund 30,000 -
3225061078 Abdullah Shah (P.A. To Ceo) Loan Agst Provident Fund 22,500 -
3225061079 Mir Sunnat Shah Emp Code 0101000298 Loan Agst Provident Fund 21,000 -
3225061080 Usman Safdar Acct Officer Loan Agst Provident Fund 23,333 -
3225061081 Shahid Ayub Loan Agst Provident Fund 527,083 -
3225070001 Asif Elahi Loan Against Provident Fund 0 250,000
3225070002 Abdul Rauf Loan Against Provident Fund 133,333 -
3225070003 Samiullah Khan Loan Against Provident Fund 40,000 -
3225070005 Shahid Rasheed Asst Manager Production Loan Agst Provident Fund 80,000 166,667
3225070007 Amanat Ali Gate Clerk Code# 010100057 Loan Agst Provident Fund 5 27,500
3225070008 Muhammad Arshad -Code 101000173 Power House Loan Provident Fund - 22,500
3225070009 Waseem Adnan - Cro Power House Loan Agst Provident Fund - 62,500
3225070010 Muhammad Yahya Loan Agst Provident Fund Code 010100068 16,667 -
3225070013 Abu Bakar Ali Loan Agst Provident Fund 83,334 26,667
3225070015 Fayyaz Khateeb Loan Agst Provident Fund 1 8,334
3225070016 Muhammad Fayyaz- Purchaser Loan Agst Provident Fund 58,333 -
3225070017 Sabir Ali (Turner) - Code 1000189 Loan Agst Provident Fund 15,000 -
3225070018 Namdar Khan Code 1000104 Loan Agst Provident Fund (1) 41,666
3225070020 Mudasar Mushtaq Code 1000102 Plant Helper Loan Agst Provident Fund 0 25,000
3225070021 Aamar Mushtaq Code 1000124 Decanter Loan Agst Provident Fund 15,000 -
3225070022 Electricity Expense Payables Production 8,333 -
3225070023 Waqas Murtaza - Sales- Payable Agst Motor Cyle 54,000 9,583
3225070024 Asim Mehmud Mr Advance Agst Vehicle 55,000 5,000
3225070025 Muhammad Zahid Mr - Payable Agst Motorcycle Policy 10,000 2,333
3225070026 With Holding Sales Tax Payable -(Un Registered) - 10,000
3225070027 Muhammad Usman Ahsan Loan Agst Provident Fund - 8,000
3225070028 Ahsan Fayyaz Loan Agst Provident Fund - 33,333
3225070029 Shahzad Mehmood - Driver Loan Agst Provident Fund - 22,500
3225070030 Fahad Iqbal Loan Agst Provident Fund - Ggl2 0101000291 83,333 47,507
3225070031 Shahnawaz Mess Helper Loan Agst Provident Fund - 22,500
3225070032 Hassan Ali Loan Agst Provident Fund 61,250 52,500
3225070033 Muhammad Mustafa Loan Agst Provident Fund - 33,333
3225070034 Abdullah Shah (P.A. To Ceo) Loan Agst Provident Fund - 24,750
3225070035 Mir Sunnat Shah Emp Code 0101000298 Loan Agst Provident Fund - -

June 30, 2017 June 30, 2016

Amount Amount
3225070036 Usman Safdar Acct Officer Loan Agst Provident Fund - 20,000
3225070037 Shahid Ayub Loan Agst Provident Fund - 20,000
3225070038 Khalid Saifullah Loan Agst Provident Fund Code 0101000094 6,333 -
3225070039 Muhammad Aslam Dy Mgr Production Loan Agst Provident - -
3225070040 Shahbaz Ahmed Loan Agst Provident Fund 10,000 -
3225070041 Razzaq Maseeh Code 0101000083 Loan Agst Provident Fund 8,333 -
3225070042 Azeem Yousif Loan Agst Provident Fund Code 101000409 18,000 -
3225070043 Malang Jan Mr - Driver- Loan Agst Provident Fund Code 0101000260 25,000 -
3225070044 Muhammad Sarwar Security Guard Loan Agst Provident Fund 20,000 -
3225070045 Rehmat Zaman 0101000402 Loan Agst Provident Fund 35,000 -
3225070046 Muhammad Imtiaz Code 010100097 Loan Agst Provident Fund 58,333 -
3225070047 Muhammad Asif Emp 0101000464 Loan Agst Provident Fund 15,000 -
(38,457,113) (22,837,643)

Subject : Accrued Liabilities - Movement
OPENING DURING THE YEAR CLOSING

CODE PARTICULARS
BALANCE DEBIT CREDIT BALANCE
2220010001 SALARIES & WAGES PAYABLE-PLANT (3,795,285) 45,300,316 45,099,906 (3,594,875)

2220010002 INSURANCE EXPENSE PAYABLE production (2) 10,228,325 10,228,323 -
2220010003 EOBI EMPLOYEE CONTRIBUTION PAYABLE PL (14,677) 176,017 180,450 (19,110)
2220010004 EOBI EMPLOYER CONTRIBUTION PAYABLE PL (53,000) 879,200 826,200 -
2220010005 SOCIAL SECURITY PAYABLE PLANT (62,567) 1,026,976 964,409 -
2220010008 LEAVE ENCASHMENT PAYABLE PRODUCTION (13,735) - - (13,735)
2220010010 OVERTIME PAYABLE PRODUCTION (478,897) 7,066,748 6,620,309 (32,458)
2220010011 ELECTRICITY EXPENSE PAYABLES PRODUCTIO 4,395,122 320,696,694 340,269,336 (15,177,520)
2220010012 SUI GAS BILL PAYABLE (13,331,432) 90,408,476 87,809,125 (10,732,081)
2220020001 DIRECTORS REMUNERATION PAYABLE (943,188) 9,292,136 9,545,048 (1,196,100)
2220020002 OFFICE RENT PAYABLE (3,140,501) 6,919,189 3,778,688 -
2220020003 AUDITOR FEE PAYABLE (605,000) 690,000 690,000 (605,000)
2220020005 EOBI EMPLOYEE CONTRIBUTION PAYABLE H.O (9,600) 92,800 96,150 (12,950)
2220020006 EOBI EMPLOYER CONTRIBUTION PAYABLE H. (36,500) 463,520 430,270 (3,250)
2220020007 SOCIAL SECURITY PAYABLE HEAD OFFICE (22,990) 393,342 370,351 1
2220020008 SALARIES & WAGES PAYABLE-HEAD OFFICE (2,069,626) 28,241,957 28,314,396 (2,142,065)
2220020010 ELECTRICITY EXPENSE PAYABLES ADMIN - - 136,226 (136,226)
2220020014 INSURANCE EXPENSE PAYABLE ADMIN 2 4,064,513 4,064,515 -
2220040001 PROVIDENT FUND PAYABLE-HEAD OFFICE (612,810) 8,442,836 8,337,964 (507,938)
2220040002 PROVIDENT FUND PAYABLE-PLANT (449,158) 6,055,798 5,891,985 (285,345)
2220040003 LOAN AGAINST PROVIDENT FUND (7,731,981) 11,482,319 24,286,489 (20,536,151)
2220040007 BONUS PAYABLE - 5,173,192 7,096,401 (1,923,209)


CODE PARTICULARS
2220040009 PROVIDENT FUND PAYABLE - DIRECTOR REM (235,904) 235,904 - -
2220060002 BILAL ZULFIQAR - PAYABLE AGST MOTORCYCL - - 138,000 (138,000)
2220060003 FARRUKH BUTT - PAYABLE AGAINST MOTOR C (69,000) - - (69,000)
2220060004 FAHAD IQBAL - PAYABLE AGST MOTORCYCLE (69,000) - - (69,000)
2220060005 QAZI IMRAN - PAYABLE AGAINST MOTOR CYC (59,000) - 48,000 (107,000)
2220060006 MUHAMMAD ATTIQUE - PAYABLE AGAINST M (86,000) - - (86,000)
2220060008 FARZAND ALI MR ADVANCE AGST VEHICLE (252,094) - 359,131 (611,225)
2220060009 KHALID LATIF PAYABLE AGST MOTOR CYLE (69,900) - - (69,900)
2220060010 YASIR MUGHAL PAYABLE AGST MOTOR CYLE (69,900) - - (69,900)
2220060012 WAQAS MURTAZA - SALES- PAYABLE AGST M - - 63,500 (63,500)
2220060013 ASIM MEHMUD MR ADVANCE AGST VEHICLE - - 619,998 (619,998)
2220060014 MUHAMMAD ZAHID MR - PAYABLE AGST MOT - - 63,500 (63,500)
2223010002 MEDICAL EXPENSES PAYABLE MR NAZIR AHM (287,062) 165,717 237,796 (359,141)
2223010004 MEDICAL EXPENSE PAYABLE HAFIZ FAROOQ (379,766) 1,023,833 375,168 268,899
2223020001 MEDICAL EXPENSES PAYABLE MR FARZAND AL (235,816) 406,262 205,732 (35,286)
2223020002 MEDICAL EXPENSES PAYABLE MR SIBTUL HAS (21,697) 42,239 85,388 (64,846)
2223020003 MEDICAL EXPENSES PAYABLE MR SHAHID M (5,515) 63,264 63,360 (5,611)
2223020007 MEDICAL EXPENSE PAYABLE MR MASROOR 298,888 1,260 - 300,148
2223020009 MEDICAL EXPENSE PAYABLE MR TAUSEEF RA (4,704) 58,464 59,520 (5,760)
2223030002 MEDICAL EXPENSES PAYABLE MR SAJJAD ALI (16,424) 117,085 114,628 (13,967)
2223030003 MEDICAL EXPENSES PAYABLE MR ADNAN BUT (159,921) 22,886 176,846 (313,881)
2223030004 MEDICAL EXPENSES PAYABLE MR ATTIQUE A 806,587 1,154,399 376,573 1,584,413
2226300001 WITH HOLDING SALES TAX PAYABLE (636) 1,612,649 1,627,965 (15,953)


CODE PARTICULARS
2226300002 WITH HOLDING SALES TAX PAYABLE -(UN REG - 245,721 245,721 -
2236020001 UNPAID SALARIES PLANT (18,621) - 16,598 (35,219)
2236020002 UNPAID INCENTIVE PLANT (3,582) - - (3,582)
2236020003 UNPAID OVERTIME PLANT (29,721) 2,392 7,992 (35,321)
2236020004 UNPAID LEAVE ENCASHMENT PLANT (3,300) - - (3,300)
2240010001 ZAKAT PAYABLE (20,000) 486,809 486,040 (19,231)
3225060002 FARZAND ALI LOAN AGAINST PROVIDENT FUN 341,664 1,800,000 991,667 1,149,997
3225060003 SAJJAD ALI KHAN LOAN AGAINST PROVIDENT - 900,000 566,667 333,333
3225060004 ASIM MEHMOOD LOAN AGAINST PROVIDENT 172,500 1,550,000 455,833 1,266,667
3225060005 PIRZADA MEHMOOD UL HASSAN LOAN AGAIN 177,333 750,000 427,333 500,000
3225060006 FARIHA ASIM LOAN AGAINST PROVIDENT FUN 162,500 800,000 429,167 533,333
3225060009 MUHAMMAD IMRAN LOAN AGST PROVIDENT 5,000 117,000 47,750 74,250
3225061009 KHALID LATIF - PROCUREMENT DEPTT LOAN 120,000 205,000 140,000 185,000
3225061010 FARHAT JAVED LOAN AGST PROVIDENT FUND 33,333 500,000 116,667 416,666
3225061011 NASIR ALI SOHAIL LOAN AGST PROVIDENT FU 183,333 - 100,000 83,333
3225061013 FAHAD NADEEM LOAN AGST PROVIDENT FUN 64,000 136,000 120,667 79,333
3225061016 MUHAMMAD NADEEM LOAN AGST PROVIDEN 11,667 60,000 36,667 35,000
3225061021 NAZIR AHMED GM LOAN AGST PROVIDENT F 400,000 - 400,000 0
3225061025 USMAN UD DIN LOAN AGST PROVIDENT FUN 150,000 - 75,000 75,000
3225061030 MUHAMMAD KHALID QURESHI LOAN AGST P 33,333 65,000 55,000 43,333
3225061032 MUHAMMAD AKRAM OFFICE BOY LOAN AGST 8,333 - 8,333 (0)
3225061033 MUHAMMAD ALI DRIVER LOAN AGST PROVID 10,000 25,000 11,000 24,000
3225061037 SYED SIBTUL HASSAN GALANI LOAN AGST PR 312,500 - 250,000 62,500


CODE PARTICULARS
3225061040 KHADIM HUSSAIN LOAN AGST PROVIDENT F 12,000 96,000 68,000 40,000
3225061041 FAHAD AZHAR BUTT LOAN AGST PROVIDENT 38,475 - 38,475 0
3225061042 MUMTAZ AHMAD LOAN AGST PROVIDENT FU 10,000 40,000 40,000 10,000
3225061043 BILAL ZULFIQAR - MARJKETING LOAN AGST 25,000 80,000 45,000 60,000
3225061048 AHMAD SHAFIQUE P.A CFO LOAN AGST PROV 5,000 60,000 35,000 30,000
3225061052 HAFIZ MUHAMMAD ADEEL LOAN AGST PROV 40,000 - 40,000 0
3225061053 MOHAMMAD HUSSAIN- DRIVER LOAN AGST P 15,000 12,000 15,024 11,976
3225061054 ADNAN BUTT LOAN AGST PROVIDENT FUND 1,088,500 570,167 1,140,333 518,333
3225061055 FARRUKH BUTT (MARKETING) LOAN AGST PR 16,667 45,000 42,917 18,750
3225061057 ATIQUE AHMAD KHAN MR LOAN AGST PROVI 1,100,000 6,700,000 2,037,501 5,762,499
3225061058 FAROOQ AHMAD MR LOAN AGST PROVIDENT 1,100,000 6,700,000 2,037,501 5,762,499
3225061059 SALMAN ARSHAD LOAN AGST PROVIDENT FU 79,750 100,000 108,917 70,833
3225061061 YASIR MUGHAL MR (PURCHASER) LOAN AGST 12,500 50,000 30,000 32,500
3225061062 AMJAD MAHMOOD -ELECTRICIAN LOAN AGST 12,000 - 12,000 -
3225061064 GHAZALA ADNAN MRS LOAN AGST PROVIDEN 105,875 - 55,458 50,417
3225061065 WAQAS MURTAZA LOAN AGST PROVIDENT F 30,000 60,000 55,000 35,000
3225061066 ALI MUHAMMAD - DRIVER LOAN AGST PROVI 10,000 - 10,000 -
3225061067 KHIZER TAHIR LOAN AGST PROVIDENT FUND 220,000 - 120,000 100,000
3225061068 KIRAN MUNIR MRS LOAN AGST PROVIDENT F 53,333 195,000 53,333 195,000
3225061069 HABIB UR REHMAN LOAN AGST PROVIDENT 28,500 - 28,500 -
3225061070 MUHAMMAD USMAN AHSAN LOAN AGST PRO - 19,000 19,000 -
3225061071 AHSAN FAYYAZ LOAN AGST PROVIDENT FUND - 40,000 15,000 25,000
3225061073 SHAHZAD MEHMOOD - DRIVER LOAN AGST P - 10,000 5,833 4,167


CODE PARTICULARS
3225061074 FAHAD IQBAL LOAN AGST PROVIDENT FUND - - 88,000 36,667 51,333
3225061075 SHAHNAWAZ MESS HELPER LOAN AGST PROV - 10,000 4,000 6,000
3225061076 HASSAN ALI LOAN AGST PROVIDENT FUND - 10,000 4,000 6,000
3225061077 MUHAMMAD MUSTAFA LOAN AGST PROVIDE - 40,000 10,000 30,000
3225061078 ABDULLAH SHAH (P.A. TO CEO) LOAN AGST - 30,000 7,500 22,500
3225061079 MIR SUNNAT SHAH EMP CODE 0101000298 L - 24,000 3,000 21,000
3225061080 USMAN SAFDAR ACCT OFFICER LOAN AGST P - 28,000 4,667 23,333
3225061081 SHAHID AYUB LOAN AGST PROVIDENT FUND - 550,000 22,917 527,083
3225070001 ASIF ELAHI LOAN AGAINST PROVIDENT FUND 250,000 - 250,000 0
3225070002 ABDUL RAUF LOAN AGAINST PROVIDENT FUN - 200,000 66,667 133,333
3225070003 SAMIULLAH KHAN LOAN AGAINST PROVIDEN - 60,000 20,000 40,000
3225070005 SHAHID RASHEED ASST MANAGER PRODUCTI 166,667 80,000 166,667 80,000
3225070007 AMANAT ALI GATE CLERK CODE# 010100057 27,500 - 27,495 5
3225070008 MUHAMMAD ARSHAD -CODE 101000173 POW 22,500 - 22,500 -
3225070009 WASEEM ADNAN - CRO POWER HOUSE LOAN 62,500 - 62,500 -
3225070010 MUHAMMAD YAHYA LOAN AGST PROVIDENT - 40,000 23,333 16,667
3225070013 ABU BAKAR ALI LOAN AGST PROVIDENT FUND 26,667 100,000 43,333 83,334
3225070015 FAYYAZ KHATEEB LOAN AGST PROVIDENT FU 8,334 - 8,333 1
3225070016 MUHAMMAD FAYYAZ- PURCHASER LOAN AGS - 100,000 41,667 58,333
3225070017 SABIR ALI (TURNER) - CODE 1000189 LOAN - 30,000 15,000 15,000
3225070018 NAMDAR KHAN CODE 1000104 LOAN AGST P 41,666 - 41,667 (1)
3225070020 MUDASAR MUSHTAQ CODE 1000102 PLANT H 25,000 - 25,000 0
3225070021 AAMAR MUSHTAQ CODE 1000124 DECANTER - 30,000 15,000 15,000


CODE PARTICULARS
3225070022 Electricity Expense Payables Production - 20,000 11,667 8,333
3225070023 Waqas Murtaza - Sales- Payable Agst Motor C 9,583 72,000 27,583 54,000
3225070024 Asim Mehmud Mr Advance Agst Vehicle 5,000 60,000 10,000 55,000
3225070025 Muhammad Zahid Mr - Payable Agst Motorcycl 2,333 20,000 12,333 10,000
3225070026 With Holding Sales Tax Payable -(Un Registere 10,000 - 10,000 -
3225070027 Muhammad Usman Ahsan Loan Agst Providen 8,000 - 8,000 -
3225070028 Ahsan Fayyaz Loan Agst Provident Fund 33,333 - 33,333 -
3225070029 Shahzad Mehmood - Driver Loan Agst Provide 22,500 - 22,500 -
3225070030 Fahad Iqbal Loan Agst Provident Fund - Ggl 47,507 100,000 64,174 83,333
3225070031 Shahnawaz Mess Helper Loan Agst Provident 22,500 - 22,500 -
3225070032 Hassan Ali Loan Agst Provident Fund 52,500 105,000 96,250 61,250
3225070033 Muhammad Mustafa Loan Agst Provident Fun 33,333 - 33,333 -
3225070034 Abdullah Shah (P.A. To Ceo) Loan Agst Provid 24,750 - 24,750 -
3225070035 Mir Sunnat Shah Emp Code 0101000298 Loan - 100,000 100,000 -
3225070036 Usman Safdar Acct Officer Loan Agst Providen 20,000 - 20,000 -
3225070037 Shahid Ayub Loan Agst Provident Fund 20,000 - 20,000 -
3225070038 Khalid Saifullah Loan Agst Provident Fund C - 38,000 31,667 6,333
3225070039 Muhammad Aslam Dy Mgr Production Loan A - 183,000 183,000 -
3225070040 Shahbaz Ahmed Loan Agst Provident Fund - 30,000 20,000 10,000
3225070041 Razzaq Maseeh Code 0101000083 Loan Agst P - 20,000 11,667 8,333
3225070042 Azeem Yousif Loan Agst Provident Fund Code - 36,000 18,000 18,000
3225070043 Malang Jan Mr - Driver- Loan Agst Provident - 50,000 25,000 25,000
3225070044 Muhammad Sarwar Security Guard Loan Agst - 30,000 10,000 20,000


CODE PARTICULARS
3225070045 Rehmat Zaman 0101000402 Loan Agst Provid - 35,000 - 35,000
3225070046 Muhammad Imtiaz Code 010100097 Loan Agst - 70,000 11,667 58,333
3225070047 Muhammad Asif Emp 0101000464 Loan Agst P - 15,000 - 15,000
Rounding off difference (2)
TOTAL (22,837,643) 586,822,404 602,441,874 (38,457,113)



CODE PARTICULARS
2220010001 SALARIES & WAGES PAYABLE-PLANT (3,795,285) 45,300,316 45,099,906 (3,594,875)

2220010002 INSURANCE EXPENSE PAYABLE production (2) 10,228,325 10,228,323 -
2220010003 EOBI EMPLOYEE CONTRIBUTION PAYABLE PL (14,677) 176,017 180,450 (19,110)
2220010004 EOBI EMPLOYER CONTRIBUTION PAYABLE PL (53,000) 879,200 826,200 -
2220010005 SOCIAL SECURITY PAYABLE PLANT (62,567) 1,026,976 964,409 -
2220010008 LEAVE ENCASHMENT PAYABLE PRODUCTION (13,735) - - (13,735)
2220010010 OVERTIME PAYABLE PRODUCTION (478,897) 7,066,748 6,620,309 (32,458)
2220010012 SUI GAS BILL PAYABLE (13,331,432) 90,408,476 87,809,125 (10,732,081)
2220020001 DIRECTORS REMUNERATION PAYABLE (943,188) 9,292,136 9,545,048 (1,196,100)
2220020002 OFFICE RENT PAYABLE (3,140,501) 6,919,189 3,778,688 -
2220020003 AUDITOR FEE PAYABLE (605,000) 690,000 690,000 (605,000)
2220020005 EOBI EMPLOYEE CONTRIBUTION PAYABLE H.O (9,600) 92,800 96,150 (12,950)
2220020006 EOBI EMPLOYER CONTRIBUTION PAYABLE H. (36,500) 463,520 430,270 (3,250)
2220020007 SOCIAL SECURITY PAYABLE HEAD OFFICE (22,990) 393,342 370,351 1
2220020008 SALARIES & WAGES PAYABLE-HEAD OFFICE (2,069,626) 28,241,957 28,314,396 (2,142,065)
2220020010 ELECTRICITY EXPENSE PAYABLES ADMIN - - 136,226 (136,226)
2220020014 INSURANCE EXPENSE PAYABLE ADMIN 2 4,064,513 4,064,515 -
2220040001 PROVIDENT FUND PAYABLE-HEAD OFFICE (612,810) 8,442,836 8,337,964 (507,938)
2220040002 PROVIDENT FUND PAYABLE-PLANT (449,158) 6,055,798 5,891,985 (285,345)
2220040003 LOAN AGAINST PROVIDENT FUND (7,731,981) 11,482,319 24,286,489 (20,536,151)
2220040007 BONUS PAYABLE - 5,173,192 7,096,401 (1,923,209)
2220040009 PROVIDENT FUND PAYABLE - DIRECTOR REM (235,904) 235,904 - -


CODE PARTICULARS
3225060002 FARZAND ALI LOAN AGAINST PROVIDENT FUN 341,664 1,800,000 991,667 1,149,997
3225060003 SAJJAD ALI KHAN LOAN AGAINST PROVIDENT - 900,000 566,667 333,333
3225060004 ASIM MEHMOOD LOAN AGAINST PROVIDENT 172,500 1,550,000 455,833 1,266,667
3225060005 PIRZADA MEHMOOD UL HASSAN LOAN AGAIN 177,333 750,000 427,333 500,000
3225060006 FARIHA ASIM LOAN AGAINST PROVIDENT FUN 162,500 800,000 429,167 533,333
3225060009 MUHAMMAD IMRAN LOAN AGST PROVIDENT 5,000 117,000 47,750 74,250
3225061009 KHALID LATIF - PROCUREMENT DEPTT LOAN 120,000 205,000 140,000 185,000
3225061010 FARHAT JAVED LOAN AGST PROVIDENT FUND 33,333 500,000 116,667 416,666
3225061011 NASIR ALI SOHAIL LOAN AGST PROVIDENT FU 183,333 - 100,000 83,333
3225061013 FAHAD NADEEM LOAN AGST PROVIDENT FUN 64,000 136,000 120,667 79,333
3225061016 MUHAMMAD NADEEM LOAN AGST PROVIDEN 11,667 60,000 36,667 35,000
3225061021 NAZIR AHMED GM LOAN AGST PROVIDENT F 400,000 - 400,000 0
3225061025 USMAN UD DIN LOAN AGST PROVIDENT FUN 150,000 - 75,000 75,000
3225061030 MUHAMMAD KHALID QURESHI LOAN AGST P 33,333 65,000 55,000 43,333
3225061032 MUHAMMAD AKRAM OFFICE BOY LOAN AGST 8,333 - 8,333 (0)
3225061033 MUHAMMAD ALI DRIVER LOAN AGST PROVID 10,000 25,000 11,000 24,000
3225061037 SYED SIBTUL HASSAN GALANI LOAN AGST PR 312,500 - 250,000 62,500
3225061040 KHADIM HUSSAIN LOAN AGST PROVIDENT F 12,000 96,000 68,000 40,000
3225061041 FAHAD AZHAR BUTT LOAN AGST PROVIDENT 38,475 - 38,475 0
3225061042 MUMTAZ AHMAD LOAN AGST PROVIDENT FU 10,000 40,000 40,000 10,000
3225061043 BILAL ZULFIQAR - MARJKETING LOAN AGST 25,000 80,000 45,000 60,000
3225061048 AHMAD SHAFIQUE P.A CFO LOAN AGST PROV 5,000 60,000 35,000 30,000
3225061052 HAFIZ MUHAMMAD ADEEL LOAN AGST PROV 40,000 - 40,000 0


CODE PARTICULARS
3225061053 MOHAMMAD HUSSAIN- DRIVER LOAN AGST P 15,000 12,000 15,024 11,976
3225061054 ADNAN BUTT LOAN AGST PROVIDENT FUND 1,088,500 570,167 1,140,333 518,333
3225061055 FARRUKH BUTT (MARKETING) LOAN AGST PR 16,667 45,000 42,917 18,750
3225061057 ATIQUE AHMAD KHAN MR LOAN AGST PROVI 1,100,000 6,700,000 2,037,501 5,762,499
3225061058 FAROOQ AHMAD MR LOAN AGST PROVIDENT 1,100,000 6,700,000 2,037,501 5,762,499
3225061059 SALMAN ARSHAD LOAN AGST PROVIDENT FU 79,750 100,000 108,917 70,833
3225061061 YASIR MUGHAL MR (PURCHASER) LOAN AGST 12,500 50,000 30,000 32,500
3225061062 AMJAD MAHMOOD -ELECTRICIAN LOAN AGST 12,000 - 12,000 -
3225061064 GHAZALA ADNAN MRS LOAN AGST PROVIDEN 105,875 - 55,458 50,417
3225061065 WAQAS MURTAZA LOAN AGST PROVIDENT F 30,000 60,000 55,000 35,000
3225061066 ALI MUHAMMAD - DRIVER LOAN AGST PROVI 10,000 - 10,000 -
3225061067 KHIZER TAHIR LOAN AGST PROVIDENT FUND 220,000 - 120,000 100,000
3225061068 KIRAN MUNIR MRS LOAN AGST PROVIDENT F 53,333 195,000 53,333 195,000
3225061069 HABIB UR REHMAN LOAN AGST PROVIDENT 28,500 - 28,500 -
3225070001 ASIF ELAHI LOAN AGAINST PROVIDENT FUND 250,000 - 250,000 0
3225070002 ABDUL RAUF LOAN AGAINST PROVIDENT FUN - 200,000 66,667 133,333
3225070003 SAMIULLAH KHAN LOAN AGAINST PROVIDEN - 60,000 20,000 40,000
3225070005 SHAHID RASHEED ASST MANAGER PRODUCTI 166,667 80,000 166,667 80,000
3225070007 AMANAT ALI GATE CLERK CODE# 010100057 27,500 - 27,495 5
3225070008 MUHAMMAD ARSHAD -CODE 101000173 POW 22,500 - 22,500 -
3225070009 WASEEM ADNAN - CRO POWER HOUSE LOAN 62,500 - 62,500 -
3225070010 MUHAMMAD YAHYA LOAN AGST PROVIDENT - 40,000 23,333 16,667
3225070013 ABU BAKAR ALI LOAN AGST PROVIDENT FUND 26,667 100,000 43,333 83,334


CODE PARTICULARS
3225070015 FAYYAZ KHATEEB LOAN AGST PROVIDENT FU 8,334 - 8,333 1
3225070016 MUHAMMAD FAYYAZ- PURCHASER LOAN AGS - 100,000 41,667 58,333
3225070017 SABIR ALI (TURNER) - CODE 1000189 LOAN - 30,000 15,000 15,000
3225070018 NAMDAR KHAN CODE 1000104 LOAN AGST P 41,666 - 41,667 (1)
3225070020 MUDASAR MUSHTAQ CODE 1000102 PLANT H 25,000 - 25,000 0
3225070021 AAMAR MUSHTAQ CODE 1000124 DECANTER - 30,000 15,000 15,000
3225070022 NAZEER MASEEH CODE 100084 SWEEPER LO - 20,000 11,667 8,333
3225070023 ALI HASSAN CODE# 101000072 LOAN AGST P 9,583 72,000 27,583 54,000
3225070024 MUHAMMAD ASLAM (COOK) CARD# 10100006 5,000 60,000 10,000 55,000
3225070025 KHALID SALEEM EMP# 010100091 COOK LOA 2,333 20,000 12,333 10,000
3225070026 MUHAMMAD SHAFIQUE CODE 10100070 STORE 10,000 - 10,000 -
3225070027 AASHIQ ALI (SECURITY GUARD) LOAN AGST 8,000 - 8,000 -
3225070028 MUHAMMAD LATIF CODE#10100063 OFFICE 33,333 - 33,333 (0)
3225070029 MUHAMMAD RASHID LOAN AGST PROVIDENT 22,500 - 22,500 -
3225070030 TASAWAR IQBAL LOAN AGST PROVIDENT FUND 47,507 100,000 64,174 83,333
3225070031 SALAMAT ALI LOAN AGST PROVIDENT FUND - 22,500 - 22,500 -
3225070032 MUHAMMAD SHABBIR LOAN AGST PROVIDENT 52,500 105,000 96,250 61,250
3225070033 ALI MUHAMMAD DRIVER KHI PLANT LOAN A 33,333 - 33,333 (0)
3225070034 WASEEM AKRAM LOAN AGST PROVIDENT FUN 24,750 - 24,750 -
3225070035 ZAFAR IQBAL CODE 0101000059 LOAN AGST - 100,000 100,000 -
3225070036 M RIZWAN JAVED GGL2 CODE 010000325 LO 20,000 - 20,000 -
3225070037 MUHAMMAD NAZIR CODE 0101000103 GARDE 20,000 - 20,000 -
2220060002 BILAL ZULFIQAR - PAYABLE AGST MOTORCYCL - - 138,000 (138,000)


CODE PARTICULARS
2220060003 FARRUKH BUTT - PAYABLE AGAINST MOTOR C (69,000) - - (69,000)
2220060004 FAHAD IQBAL - PAYABLE AGST MOTORCYCLE (69,000) - - (69,000)
2220060005 QAZI IMRAN - PAYABLE AGAINST MOTOR CYC (59,000) - 48,000 (107,000)
2220060006 MUHAMMAD ATTIQUE - PAYABLE AGAINST M (86,000) - - (86,000)
2220060008 FARZAND ALI MR ADVANCE AGST VEHICLE (252,094) - 359,131 (611,225)
2220060009 KHALID LATIF PAYABLE AGST MOTOR CYLE (69,900) - - (69,900)
2220060010 YASIR MUGHAL PAYABLE AGST MOTOR CYLE (69,900) - - (69,900)
2223010002 MEDICAL EXPENSES PAYABLE MR NAZIR AHM (287,062) 165,717 237,796 (359,141)
2223010004 MEDICAL EXPENSE PAYABLE HAFIZ FAROOQ (379,766) 1,023,833 375,168 268,899
2223020001 MEDICAL EXPENSES PAYABLE MR FARZAND AL (235,816) 406,262 205,732 (35,286)
2223020002 MEDICAL EXPENSES PAYABLE MR SIBTUL HAS (21,697) 42,239 85,388 (64,846)
2223020003 MEDICAL EXPENSES PAYABLE MR SHAHID M (5,515) 63,264 63,360 (5,611)
2223020007 MEDICAL EXPENSE PAYABLE MR MASROOR 298,888 1,260 - 300,148
2223020008 MEDICAL EXPENSE PAYABLE MR SALMAN ZAF (2) - - (2)
2223020009 MEDICAL EXPENSE PAYABLE MR TAUSEEF RA (4,704) 58,464 59,520 (5,760)
2223030002 MEDICAL EXPENSES PAYABLE MR SAJJAD ALI (16,424) 117,085 114,628 (13,967)
2223030003 MEDICAL EXPENSES PAYABLE MR ADNAN BUT (159,921) 22,886 176,846 (313,881)
2223030004 MEDICAL EXPENSES PAYABLE MR ATTIQUE A 806,587 1,154,399 376,573 1,584,413
2226300001 WITH HOLDING SALES TAX PAYABLE (636) 1,612,649 1,627,965 (15,953)
2236020001 UNPAID SALARIES PLANT (18,621) - 16,598 (35,219)
2236020002 UNPAID INCENTIVE PLANT (3,582) - - (3,582)
2236020003 UNPAID OVERTIME PLANT (29,721) 2,392 7,992 (35,321)
2236020004 UNPAID LEAVE ENCASHMENT PLANT (3,300) - - (3,300)


CODE PARTICULARS
2240010001 ZAKAT PAYABLE (20,000) 486,809 486,040 (19,231)
2220010011 Electricity Expense Payables Production 4,395,122 320,696,694 340,269,336 (15,177,520)

2220060012 Waqas Murtaza - Sales- Payable Agst Motor C - - 63,500 (63,500)
2220060013 Asim Mehmud Mr Advance Agst Vehicle - - 619,998 (619,998)
2220060014 Muhammad Zahid Mr - Payable Agst Motorcycl - - 63,500 (63,500)
2226300002 With Holding Sales Tax Payable -(Un Registere - 245,721 245,721 -
3225061070 Muhammad Usman Ahsan Loan Agst Providen - 19,000 19,000 -
3225061071 Ahsan Fayyaz Loan Agst Provident Fund - 40,000 15,000 25,000
3225061073 Shahzad Mehmood - Driver Loan Agst Provide - 10,000 5,833 4,167
3225061074 Fahad Iqbal Loan Agst Provident Fund - Ggl - 88,000 36,667 51,333
3225061075 Shahnawaz Mess Helper Loan Agst Provident - 10,000 4,000 6,000
3225061076 Hassan Ali Loan Agst Provident Fund - 10,000 4,000 6,000
3225061077 Muhammad Mustafa Loan Agst Provident Fun - 40,000 10,000 30,000
3225061078 Abdullah Shah (P.A. To Ceo) Loan Agst Provid - 30,000 7,500 22,500
3225061079 Mir Sunnat Shah Emp Code 0101000298 Loan - 24,000 3,000 21,000
3225061080 Usman Safdar Acct Officer Loan Agst Providen - 28,000 4,667 23,333
3225061081 Shahid Ayub Loan Agst Provident Fund - 550,000 22,917 527,083
3225070038 Khalid Saifullah Loan Agst Provident Fund C - 38,000 31,667 6,333
3225070039 Muhammad Aslam Dy Mgr Production Loan A - 183,000 183,000 -
3225070040 Shahbaz Ahmed Loan Agst Provident Fund - 30,000 20,000 10,000
3225070041 Razzaq Maseeh Code 0101000083 Loan Agst P - 20,000 11,667 8,333


CODE PARTICULARS
3225070042 Azeem Yousif Loan Agst Provident Fund Code - 36,000 18,000 18,000
3225070043 Malang Jan Mr - Driver- Loan Agst Provident - 50,000 25,000 25,000
3225070044 Muhammad Sarwar Security Guard Loan Agst - 30,000 10,000 20,000
3225070045 Rehmat Zaman 0101000402 Loan Agst Provid - 35,000 - 35,000
3225070046 Muhammad Imtiaz Code 010100097 Loan Agst - 70,000 11,667 58,333
3225070047 Muhammad Asif Emp 0101000464 Loan Agst P - 15,000 - 15,000
TOTAL (22,837,646) 586,822,404 602,441,874 (38,457,116)


Subject : Worker's Profit Participation Fund
June 30, 2017 June 30, 2016

Amount Amount
Opening balance 11,403 13,111

Provision for the year (15,356,589) 11,403
Profit on funds utilized in Company's business 492,166 492
(14,853,020) 25,006
Paid during the year (10,370,219) (13,603)
Rounding Off Difference
(25,223,239) 11,403

June 30, 2017 June 30, 2016

Amount Amount

June 30, 2017

CODE PARTICULARS
Amount
Profit on WPPF utilized in Company's business
Amount 13,111,119
No. of days (July 01,2015 to September 13,2015) 75
Profir rate (Base Rate+2.50%) 9.50
255,936.23
Amount 13,111,119
No. of days(Septermber 14,2015 to September 16,2015) 3
9,698.64
Amount 5,440,900
No. of days(Septermber 17,2015 to November 4,2015) 49
65,738.00
Amount 2,740,900
No. of days(November 5,2015 to June 30,2016) 239
161,525.37
Rounding off difference (732)

(COMPANIES PROFITS (WORKERS' PARTICIPATION) ACT,
1968
The company shall pay to the Fund in respect of the amount

in the Fund available to it for its business operations as
aforesaid interest at the rate of 2 1/2 percent above the
bank rate or 75 percent of the rate at which dividend is
declared on its ordinary shares, whichever is higher.)
As last declared dividend was Rs 1 per share(10%) so we

have used base rate+ 2.50%.
492,166

June 30, 2017

CODE PARTICULARS
Amount

Subject : Unclaimed dividend
June 30, 2017

Amount
Opening balance 949,704

Daclared during the year 74,274,575
75,224,279
Zakat Deduction -
75,224,279
Payments made during the year:

Dividend paid - Interim Dec 2014 @ 6% (24,906,487)
Dividend paid - Final Dividend 2015 @ 10% (65,442,054)
Withholding Tax Deduction (8,595,010)
Closing Balance (23,719,272)

RIZWAN & COMPANY Prepared Reviewed Schedule:
Client : Texmac Services (Private) Limited

Year end : March 31, 2020 Date: Date:
Sub/L : Loans and advances
Objective : To ensure that loans and advances are not materially misstated
Work Done: Opening balances traced from previous year accounts

Closing balances agreed with GL
31-Mar-20 31-Mar-19
Code Particulars Ref
Rupees Rupees
Loan to employees-interest free

- Executives 505,100 251,300
- Other employees 100,750 39,250
Advance against expenses 197,039 360,880
802,889 651,430
Conclusion :
3. The working papers contain sufficient information, detail of sufficient features and notes of unusual
matters to enable us to form an opinion on financial statement.

Subject : Loans and advances
Objective: To ensure that loans and advances are not materially misstated
Workdone: Performed test of details on transactions selected on the basis of DFK Sampling Plan
Performed analytical procedure on salaries and rent
Covered Covered
Significant No of
2020 through other through
Ref. Particulars transactions Transactions
procedures Sampling Plan
Amount in Rs. Amount in Rs. Amount in Rs. Amount in Rs. In Number
Loan to employees-interest free

- Executives 505,100 381,900 - 123,200 1
- Other employees 100,750 85,000 - 15,750 0
Advance against expenses 197,039 - - 197,039 2
802,889 466,900 - 335,989 3

Conclusion :
In my opinion above amounts are fairly stated and on a consistent basis with the previous period.
Substantive Sample Sizes Reference:
Client Name: Texmac Services (Private) Limited Prepared By:
Year Ended: 31-Mar-20 Date Prepared:
Reviewed By:
Class of Transaction or Balance: Loans and advances Date Reviewed:
Population Size: 802,889
Tolerable Misstatement: 837,582 Please updated materiality \
Expected Misstatement: 353,033
% of Tolerable Misstatement 0.42
Risk Assessment Summary - Substantive Testing Sample Sizes
Assertion Confidence Inherent Control Other

% Risk Risk Substantive
Tests
Occurrence
90 Medium Medium None
Completeness
Accuracy
Cutoff
Classification
Reliability Factor Summary CRF= RDR= SSF=

TRF IR CR IR+CR OST TRF-CRF-OST EM RDR+EM SS SI
Assertion Target Inherent Control Combined Other Residual Expected Substantive Sample Sample
Reliability Risk Risk Risk Substantive Detection Risk Misstatement Sample Size Interval
Factor Factor Factor Factor Tests Factor Factor Factor Factor
Occurrence 2.3 0.3 0.3 0.6 0.0 1.7 1.6 3.3 3 267,630
Completeness 2.3 0.3 0.3 0.6 0.0 1.7 1.6 3.3 3 267,630
Accuracy 2.3 0.3 0.3 0.6 0.0 1.7 1.6 3.3 3 267,630
Cutoff 2.3 0.3 0.3 0.6 0.0 1.7 1.6 3.3 3 267,630
Classification 2.3 0.3 0.3 0.6 0.0 1.7 1.6 3.3 3 267,630
Final Sampling Model © DFK Collins 2010 v. 01072010 S.Bragg

* If a negative substantive factor and sample size is acheived, other substantive procedures have already reduced audit risk to comply with the required confidence level and the requirement to perform the
proposed procedures should be questioned. Alternatively the evidence provided by the other substantive tests may be rated too highly.
Random Sample Generator
Random Random Random Random

First Value Last Value Number Random Number Number Number Number
Number in Series (eg Invoice For the next 5 random selections, highlight E35 to
Number, Dollar Value) 0 0 0 0 0 0 0 I35 and press F9
Reference Tables
Confidence Level Reliability Factors
Confidence Reliability
Level % Factor
99 4.6
95 3.0
90 2.3
85 1.9
Risk/Reliability Factors
% Risk Reliability
Factor Factor
High 100 0
Medium 75 0.3
Low 50 0.7
Other Substantive Tests Reliabity Factors (OST)
% Risk Reliability
Factor Factor
Persuasive 20 1.6
Corrorborative 60 0.5
Minimal 85 0.2
None 100 0.0
Final Sampling Model © DFK Collins 2010 v. 01072010 S.Bragg

Ebrahim
Ebrahim
Ebrahim
Ebrahim& &
&
&Co.
Co.
Co.
Co. Completed by Reviewed by Reviewed by Schedule
Ebrahim
Rizwan && Co.
Chartered
Chartered
Chartered
CharteredCo.
Accountants
Accountants
Accountants
Accountants (SPS/AM) (Partner)
CharteredAccountants
CLIENT : Texmac Services (Private) Limited
ACCOUNTING PERIOD : March 31, 2020 Date : Date :
AUDIT PROGRAMME OF : STAFF ADVANCE
INITIAL CONCLUSION SCHEDULE

REVIEW S= Satisfactory STAND. STAFF
ASSERTION TEST TEST DESCRIPTION BY N= Non-satisfactory FORMAT INITIAL/
S or FWQ REF. GRADE
Dt: N Reference
C E A V
A SUBSTANTIVE ANALYTICAL PROCEDURE
1 Compare balance under different categories of staff

advance with previous year and investigate reasons
for significant variation.
B OTHER SUBSTANTIVE PROCEDURES
1 Obtain schedule of advances and check existence of

staff from payroll as at the balance sheet date.
2. Agree schedule of advances with subsidiary

ledger and control accounts .
3 Check casting of schedule.
4 Check deduction/recoveries are as per original

sanction / relevant terms and conditions and
are made throughout the year.
5 Check advance made are authorised and it

has been made on relevant terms & condi-
tion from sanctioned letter.
6 Check proper security has been obtained as

prescribed.
7 Check transfer of balance if any from transfer

letter.
8 Prepare summarize movements of account and
Stf-Adv.xls ISSUED: JULY, 2001 Page 63 of 126

check adjustment if any.
9 Check subsequent ledger account to ensure the

adjustment/recovery relevant to period
under review has been made.
10 Investigate the unrecovered amount from

correspondence and other records.
C PRESENTATION
11 a) Check proper disclosure for short term ,
long term and amount outstanding for
periods exceeding three years.
b) The aggregate amount of loans and
advances due from the following disclosed
separately and together with the maximum
aggregate amount outstanding at the end
of any month :
- Directors
- Chief executive
- Executives
- Others
Ebrahim & Co.
Stf-Adv.xls ISSUED: JULY, 2001 Page 64 of 126


Subject : Loan to employees-interest free
Objective : To ensure that advances to suppliers are not materially misstated

31-Mar-20 31-Mar-19
Rupees Rupees
- Executives 505,100 251,300

- Other employees 100,750 39,250
605,850 290,550
Conclusion :
Client : Texmac Services (Pvt) Limited

Year : March 31, 2020 Date:
Subject : Loans to employees - Movement
Work Done:
Traced opening balances from last year's audit file
Obtained loans to employees listing from trail balance and agreed balances with control account.
Circulized confirmations to the parties using DFK sampling plan
Checked arithmetic accuracy and investigated large or unusual items
Balance agreed with GL
Opening Balance During the year Cloisng Balance
Code Particulars
Dr Cr Dr Cr Dr Cr Date
Loans to employees - interest free
To executives
1808020001 Personal Loan -Shahzad - - 600,000 550,000 50,000 -
1808020002 Personal Loan -Irfan 80,850 - 600,000 480,850 200,000
1808020006 Personal Loan - Kamran - - - - -
1808020008 Personal Loan - Azeem 60,000 - 98,500 76,600 81,900 -
1808020009 Personal Loan - Abdul Sattar - - - - - -
1808020010 Personal Loan - Hafeez - - - - - -
1808020013 Personal Loan - Razia - - - - - -
1808020017 Personal Loan - Shahid Hussain - - - - - -
1808020007 Personal Loan - Sweeper - - - -
1808020019 Personal Loan - Usman Dawood Dar - - - - - -
1808020022 Personal Loan - Farhan Ali 52,450 - 80,000 79,250 53,200 -
1808040004 Car Loan - Azeem Ahmad 44,000 - - 24,000 20,000 -
1808040007 Car Loan - Usman Dar 14,000 - 100,000 14,000 100,000 -
251,300 - 1,478,500 1,224,700 505,100 -
- -
To other employees - -
1808020003 Personal Loan Yousaf 20,950 - - 20,950 - -
1808020005 Personal Loan - Ashfaq Ahmed 13,300 - - 13,300 - -
1808020015 Personal Loan - Ihtisham - - 22,000 16,000 6,000 -
1808020021 Personal Loan -M. Azeem - - 20,000 14,000 6,000 -
1802040015 Car Loan - Farooq Daud Dar - 100,000 15,000 85,000 -
1808020016 Personal Loan - Ibrar 5,000 - 17,000 18,250 3,750 -
39,250 ###
- 159,000
### 97,500
### 100,750
### -
Conclusion :

Year End : March 31, 2020 Date: Date:
Subject : Loans to employees - Confirmation Control Summary
Objective: To ensure that loans to employees are not materially misstated
Work Done: Balance agrees with G.L.

Summarised position of reply from employees and analysed the result of reply
Confirmations Balance as per

Code Particulars Ref Ref Difference
Send on Received on Confirmation Books
To executives
1808020002 Loan -Irfan 29-May-20 - 200,000
1808020008 Loan - Azeem 29-May-20 - 81,900
1808040007 Loan - Usman Dar 29-May-20 - 100,000
To other employees
1802040015 Car Loan - Farooq Daud Dar 5-Jun-20 - 85,000
- 466,900 -
Conclusion:
Based on the procedure performed, conclusion obtained is satisfatory.

Year : March 31, 2020 Date: Date:
Subject : Loan to employees- Aging summary
Objective:
To prepare an age analysis,review and scrutinize the age analysis for outstanding balances and
investigate reasons for overdue debts
Work done:
Identified the balances doubtful of recovery and considered appropriate provisioning there against.
31-Mar-20 31-Mar-20
Amount Amount
To executives
Not Past Due 100,000 -
0 - 180 Days 285,850 146,700
180 - 365 Days 200,000 85,850
1 - 2 years 20,000 58,000
605,850 290,550
Conclusion:

Subject : Loan to employees- Aging
Amount As On More than one

Code Party Name Not Past Due 0 - 180 days 181 - 365 days
31-03-2020 year
Loans to employees - interest free
To executives
1808020001 Personal Loan -Shahzad 50,000 - 50,000 - -
1808020002 Personal Loan -Irfan 200,000 - - 200,000 -
1808020006 Personal Loan - Kamran - - - - -
1808020008 Personal Loan - Azeem 81,900 - 81,900 - -
1808020009 Personal Loan - Abdul Sattar - - - - -
1808020010 Personal Loan - Hafeez - - - - -
1808020013 Personal Loan - Razia - - - - -
1808020017 Personal Loan - Shahid Hussain - - - - -
1808020007 Personal Loan - Sweeper - - - - -
1808020019 Personal Loan - Usman Dawood Dar - - - - -
1808020022 Personal Loan - Farhan Ali 53,200 - 53,200 - -
1808040004 Car Loan - Azeem Ahmad 20,000 - - - 20,000
1808040007 Car Loan - Usman Dar 100,000 100,000 - - -
505,100 100,000 185,100 200,000 20,000
To non-executives
1808020003 Personal Loan Yousaf - - - - -
1808020021 Personal Loan -M. Azeem 6,000 - 6,000 - -
1808020015 Personal Loan - Ihtisham 6,000 - 6,000 - -
1808020005 Personal Loan - Ashfaq Ahmed - - - - -
1808020016 Personal Loan - Ibrar 3,750 - 3,750 - -
1802040015 Car Loan - Farooq Daud Dar 85,000 - 85,000 - -
100,750 - 100,750 - -
605,850 100,000
### 285,850
### 200,000
### 20,000

Subject : Loan to employees-interest free - Subsquent clearance
Objective: To ensure that loan to employees are not materially misstated
Work Done: Performed subsequent testing on sample selected using DFK Sampling plan
Traced from bank statement
Company use Fifo basis for invoice clearence therefore outstanding amount includes latest amount of advances
Subsequent clearance upto

Amount
Code Party Name
outstanding Date Amount cleared % Cleared S.O.S % SOS
To executives
Personal Loan -Shahzad 50,000 30-Apr-20 50,000 100% - 0%
Personal Loan -Irfan 200,000 30-Apr-20 50,000 25% 150,000 75%
Personal Loan - Azeem 81,900 30-Apr-20 8,300 10% 73,600 90%
Personal Loan - Farhan Ali 53,200 30-Apr-20 6,700 13% 46,500 87%
Car Loan - Azeem Ahmad 20,000 30-Apr-20 2,000 10% 18,000 90%
Car Loan - Usman Dar 100,000
505,100 117,000 288,100
To other employees
Personal Loan - Ibrar 3,750 30-Apr-20 1,500 40% 2,250 60%
Personal Loan - Ihtisham 6,000 30-Apr-20 3,000 50% 3,000 50%
Personal Loan -M. Azeem 6,000 30-Apr-20 2,000 33% 4,000 67%
Car Loan - Farooq Daud Dar 85,000 30-Apr-20 3,000 4% 82,000 96%
100,750 9,500 91,250
605,850 126,500 379,350
Conclusion:
RIZWAN & COMPANY Prepared by Reviewed by Schedule

Subject : Subsequent Testing Detail - Loan to employees
Objective: To ensure that advances to suppliers are not materially misstated
Work Done: Performed subsequent testing on samples selected.
Subsequent
Payments Date Bank Account No Purchase Notes
(Rupees)
Personal Loan -Shahzad

50,000 30-Apr-20 SCB
50,000
Personal Loan -Irfan

50,000 30-Apr-20
-
50,000
Personal Loan - Azeem

8,300 30-Apr-20
-
8,300
Personal Loan - Farhan Ali

6,700 30-Apr-20
-
6,700
Conclusion:

Subject : Advance against expenses
Objective : To ensure that advance against expenses are not materially misstated

31-Mar-20 31-Mar-19
Rupees Rupees
Advance against expenses 197,039 360,880
Advances against expenses were given to

employees for expenses and then adjusted
against salary.
197,039 360,880
Conclusion :

Subject : Advance against expenses
Work Done:
Obtained advance against expenses listing from trail balance and agreed balances with control account.

Code Particulars
Advance-Shahzad - - 250,000 250,000 - -

Advance-Irfan Chughtai - - 250,000 250,000 - -
Advance-Amjad Ali - - 104,000 104,000 - -
Advance-Tauqeer Mustafa - - - - - -
Advance-Abdul Sattar 70,000 - 25,000 90,000 5,000 -
Advance-Kamran Ilyas - - 90,000 90,000 - -
Advance-Usman Dar - - 290,000 290,000 - -
Advance - Saad Bin Maalik - - 70,000 70,000 - -
Advance - Saad Hameed - - 262,613 262,613 - -
Advance - M. Masoom - - 35,000 35,000 - -
Advance - Ilyas Hussain - - 30,000 30,000 - -
Advance - Nadeem Aslam - - 1,000 1,000 - -
Advance-Sohail Akhtar - - - - - -
Advance-Hafeez - - 10,000 - 10,000 -
Advance - Aleem Mushtaq - - 250,000 250,000 - -
Advance-Yousaf - - - - - -
Advance -Farooq Dar - - 100,000 50,000 50,000 -
Advance Itochu Expense - - - - - -
Advance-Others 10,880 - 607,623 618,503 - -
Advance - Ihtisham - - 10,000 - 10,000 -
Advance-Iftikhar Ahmed - - 2,800 2,800 - -
Advance-Horiuchi - - - - - -
Advance - M. Azeem - - 5,000 - 5,000 -
Advance - Raheel Umair - - 240,000 240,000 - -
Advance - Zeeshan Hafeez - - 50,000 40,000 10,000 -
Advance - Farhan Ali - - 246,000 246,000 - -
Advance - Shahid Hussain - - 10,000 - 10,000 -
Air Ticket Mr. Ashizaki Toyota - - 27,350 27,350 - -
Air Ticket Mr. Ando Toyota - - 27,350 27,350 - -

Adv. Air Ticket Shahzad 123,000 - 607,709 730,709 - -
Adv. Air Ticket Irfan 123,000 - 1,408,639 1,531,639 - -
Adv. Air Ticket Azeem - - - - - -
Adv. Air Ticket Farhan - - 181,000 181,000 - -
Adv. Air Ticket Farooq Nawab - - 255,880 238,140 17,740 -
Adv. Air Ticket - Shakeel Ahmad - - - - - -
Adv. Air Ticket Amjad Ali - - 575,230 575,230 - -
Adv. Air Ticket Tauqeer - - 566,720 566,720 - -
Adv. Air Ticket Iftikhar - - 669,907 669,907 - -
Adv. Air Ticket Abdul Sattar - - 286,099 224,800 61,299 -
Adv. Air Ticket Saad Hameed - - 157,000 157,000 - -
Adv. Air Ticket Kamran Ilyas 16,000 - 328,889 344,889 - -
Adv. Air Ticket Aleem Mushtaq - - 578,870 578,870 - -
Adv. Air Ticket Usman Dar - - 406,440 406,440 - -
Adv. Air Ticket Zohaib Qureshi - - 165,180 165,180 - -
Adv. Air Ticket Raheel Umair - - 372,120 372,120 - -
Adv. Air Ticket M. Zeeshan - - 197,960 197,960 - -
Adv. Air Ticket Farooq Dar - - 110,940 110,940 - -
Adv. Air Ticket Saad Bin Malik - - 229,899 229,899 - -
Adv A/Ticket Najda Junger 18,000 - - - 18,000 -
Adv. Air Ticket Ilyas Hussain - - 30,299 30,299 - -
Adv. Air Ticket Nadeem Aslam - - 68,999 68,999 - -
GRAND TOTAL 360,880 - 10,191,516 10,355,357 197,039 -

Conclusion:

Year End : March 31, 2020 Date: Date:
Subject : Advance against expenses - CCS
Objective: To ensure that advance against expenses are not materially misstated
Work Done: Balance agrees with G.L.

Circulized confirmations to the parties using DFK sampling plan
Summarised position of reply from suppliers and analysed the result of reply
Performed subsequent testing on parties selected
Confirmations Balance as per

Code Particulars Ref Ref Difference
Send on Received on Confirmation Books
- Executives
-
-
-
-
-
-
-
-
- Other employees -
-
-
- - -
Conclusion:

Subject : Advance against expenses - Aging summary
Objective:
To prepare an age analysis,review and scrutinize the age analysis for outstanding balances and
investigate reasons for overdue debts
Work done:
Identified the balances doubtful of recovery and considered appropriate provisioning there against.
31-Mar-20 31-Mar-20
Amount Amount
Not Past Due 79,039 -
0 - 180 Days 75,000 350,000
180 - 365 Days 25,000 -
1 - 2 years 18,000 10,880
197,039 360,880
Conclusion:

Subject : Advance against expenses - Aging detail
Amount As On Outstanding Outstanding More than one

31-Mar-2020 Date Days year
Advance-Abdul Sattar 5,000 10-Feb-20 50 - 5,000 - -

Advance-Hafeez 10,000 20-Sep-19 193 - - 10,000 -
Advance -Farooq Dar 50,000 3-Mar-20 28 - 50,000 - -
Advance - Ihtisham 10,000 18-Nov-19 134 - 10,000 - -
Advance - M. Azeem 5,000 2-Apr-19 364 - - 5,000 -
Advance - Zeeshan Hafeez 10,000 17-Mar-20 14 - 10,000 - -
Advance - Shahid Hussain 10,000 20-Sep-19 193 - - 10,000 -
Adv. Air Ticket Farooq Nawab 17,740 31-Mar-20 - 17,740 - - -
Adv. Air Ticket Abdul Sattar 61,299 31-Mar-20 - 61,299 - - -
Adv. Air Ticket Najda Junger 18,000 31-Mar-19 366 - - - 18,000
197,039 79,039
### 75,000
### 25,000
### 18,000
Amount As On Outstanding Outstanding More than one
31-Mar-2020 Date Days year
Conclusion:

Subject : Advance against expenses - Subsquent clearance
Work Done: Performed subsequent testing on sample selected using DFK Sampling plan
Traced from bank statement
Company use Fifo basis for invoice clearence therefore outstanding amount includes latest amount of advances
Subsequent clearance upto

Amount
Code Party Name
outstanding Date Amount cleared % Cleared S.O.S % SOS
Advance-Abdul Sattar 5,000 30-Apr-20 5,000 100%

Adv. Air Ticket Farooq Nawab 17,740 5-May-20 17,740 100%
Adv. Air Ticket Abdul Sattar 61,299 30-Apr-20 61,299 100%
Advance-Hafeez 10,000 0%
Advance -Farooq Dar 50,000 0%
Advance - Ihtisham 10,000 0%
Advance - M. Azeem 5,000 0%
Advance - Zeeshan Hafeez 10,000 0%
Advance - Shahid Hussain 10,000 0%
Advance - Najda Junger 18,000 0%
197,039 84,039
Conclusion:
RIZWAN & COMPANY Prepared by Reviewed by Schedule

Subject : Subsequent Testing Detail - Advance against expenses
Work Done: Performed subsequent testing on samples selected.
Subsequent
Payments Date invoice # GRN # Purchase Notes
(Rupees)
-
-
-
-
-
-
- (4,000,000)
Err:509
-
-
-
Err:509
-
-
-
Err:509
-
-
-
Err:509
-
-
-
Err:509
-
-
-
Err:509
-
-
-
Err:509
-
-
-
Err:509
-
-
-
Err:509
-
-
Err:509
-
-
-
Conclusion:
RIZWAN AND COMPANY
Client Nafeesa Textiles Limited

Year June 30, 2019
Subject Loans to employees - Detail
p
Total
Advance Opening Advance
Employee No. Employee Name Advance
Month Balance Given Jul-18 Aug-18 Sep-18
Balance
102132 Hafiz Muhammad Mustafa Jul-18 133,182 - 133,182 11,100 11,100 11,100
100471 Atiqa Aurangzeb Jul-18 90,000 50,000 140,000 20,000 20,000 20,000
100441 Asif Bhatti Jul-18 12,000 - 12,000 2,000 2,000 2,000
102237 Muhammad Ghaffar Jul-18 5,000 6,000 11,000 3,000 3,000 3,000
100210 Asghar Ali Jul-18 5,000 - 5,000 5,000 - -
103702 Humaira Rashid Butt Jul-18 84,113 - 84,113 12,017 12,017 12,017
103034 Salman Wajid Khan Jul-18 35,000 - 35,000 5,000 5,000 5,000
104377 M.Zikrya Siqqique Jul-18 - 10,000 10,000 - 5,000 5,000
104286 Adeel Mowahid Jul-18 - 10,560 10,560 - 5,280 5,280
104319 Murtaza Zahoor Jul-18 - 10,560 10,560 - 5,280 5,280
Farah Ishtiaq Jul-18 - 5,280 5,280 - 2,640 2,640
102175 Irum Naqvi Jul-18 - 5,280 5,280 - 2,640 2,640
104315 Nadeem Abbas Jul-18 - 5,280 5,280 - 2,640
102919 Khalid Malik Jul-18 - 5,280 5,280 - 2,640
104422 Fahad Lone Jul-18 - 5,280 5,280 - 2,640
102819 Saba Fareed Peerzada Aug-18 - 8,000 8,000 - - 4,000
104203 Aaisha Ali Aug-18 5,280 5,280 - - 2,640
101233 Zainab Naqvi Aug-18 5,280 5,280 - - 2,640
102513 Raheel Abbas Aug-18 5,280 5,280 - - 2,640
103797 Asghar Hayat Aug-18 5,280 5,280 - - 2,640
103967 Kausar Rasheed Aug-18 5,280 5,280 - - 2,640
103865 Saqib Saeed Aug-18 5,280 5,280 - - 2,640
102537 Insaa Waheed Aug-18 5,280 5,280 - - 2,640
104307 Rizwan Jameel Aug-18 5,280 5,280 - - 2,640
103513 Syed Jabran Ali Aug-18 5,280 5,280 - - 2,640
Total
Balance
104198 Azmat Iqbal Aug-18 16,000 16,000 - 16,000 -
All Custodians Aug-18 1,935,000 1,935,000 - 1,935,000 -
102819 Saba Fareed Peerzada Sep-18 26,225 26,225 - - 4,000
104631 Abdul Wahab Nov-18 50,000 50,000 - - -
10088 Tahira Anwar Dec-18 300,000 300,000 - - -
103322 Edward Jan Dec-18 7,000 7,000 - - -
All Custodians Christians Dec-18 802,500 802,500 - - -
103034 Salman Wajid Khan Jan-19 75,000 75,000 - - -
100694 Kashif Haq Jan-19 5,908 5,908 - - -
104018 Mudassar Javed Jan-19 5,908 5,908 - - -
11377 Sadia Rizwan Jan-19 5,908 5,908 - - -
102386 Usman Khursheed Jan-19 5,908 5,908 - - -
104314 Zafar Iqbal Jan-19 5,908 5,908 - - -
104655 Akeela Jabeen Jan-19 5,908 5,908 - - -
102237 M.Ghaffar Jan-19 6,000 6,000 - - -
103319 Mujtaba Chaudhary Feb-19 5,907 5,907 - - -
104356 Hussain Ahmed Madni Feb-19 5,907 5,907 - - -
104788 Adil Saeed Feb-19 5,907 5,907 - - -
101876 Zainab Ihsan Feb-19 5,907 5,907 - - -
104834 M.Dawood Murtaza Feb-19 5,907 5,907 - - -
102939 Zubia Rubab Feb-19 5,907 5,907 - - -
103907 Usman Javaid Feb-19 5,907 5,907 - - -
103224 Zobinda Abrar Feb-19 5,907 5,907 - - -
104067 Shahneela Nazar Feb-19 5,907 5,907 - - -
104323 Waseem Hassan Feb-19 5,907 5,907 - - -
102458 Saima Arif Feb-19 5,907 5,907 - - -
101431 Rizwana Nadeem Mar-19 5,316 5,316 - - -
102646 Azra Janjua Mar-19 5,316 5,316 - - -
11414 Yasmin Azhar Mar-19 5,907 5,907 - - -
104400 Momina Saher Mar-19 5,907 5,907 - - -
103938 Nayyar Abbas Mar-19 50,000 50,000 - - -
104421 Ammarah Maqbool Mar-19 60,000 60,000 - - -
102237 M.Ghaffar Apr-19 15,000 15,000 - - -
Total
Balance
100754 Ayesha Akram Apr-19 1,500 1,500 - - -
101414 Nadia Shahzad Apr-19 1,500 1,500 - - -
102198 Mehwish Ehtasham Apr-19 1,500 1,500 - - -
103276 Julliana Edgar Apr-19 1,500 1,500 - - -
100972 Qudsiya Naveed Apr-19 1,500 1,500 - - -
103834 Maria Dilawar Apr-19 1,500 1,500 - - -
102051 Sadia Aslam Apr-19 1,500 1,500 - - -
103838 Amina Tayyab Apr-19 1,500 1,500 - - -
102562 Syeda Iqra Kazmi Apr-19 1,500 1,500 - - -
103801 Zainab Majeed Apr-19 1,500 1,500 - - -
101859 Sana Khan Apr-19 1,500 1,500 - - -
102751 Sara Ali Apr-19 1,500 1,500 - - -
104441 Tashfeen Majid Apr-19 1,500 1,500 - - -
104145 Amina Hamid Apr-19 1,500 1,500 - - -
100742 Saba Awais Apr-19 1,500 1,500 - - -
103743 Samar Hassan Apr-19 1,500 1,500 - - -
104897 Iram Shafique Apr-19 1,500 1,500 - - -
103384 Nabeeha Zahra Apr-19 1,500 1,500 - -
102183 Amina Jamil Apr-19 1,500 1,500 - -
104001 Saman Malik Apr-19 1,500 1,500 - -
104410 Sadia Naaz Apr-19 1,500 1,500 - -
Christian Staff 50% Advance Apr-19 766,750 766,750 - -
103322 Edward John May-19 4,000 4,000 - -
103322 Anomia May-19 7,500 7,500 - -
1022337 M.Ghaffar Jun-19 10,500 10,500 - -
1033445 Maqbool Shah Jun-19 5,000 5,000 - -
102819 Saba Peerzada Jun-19 32,582 32,582 - -
101431 Rizwana Nadeem Jun-19 32,582 32,582 - -
Shahbano Baig Jun-19 32,582 32,582 - -
Ayesha Hussain Jun-19 32,582 32,582 - -
Total 364,295 4,590,214 4,954,509 58,117 2,032,877 105,717

Prepared Reviewed Schedule:
By: By:
Date: Date: Date:
Deductions
Total Balance
Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19
11,100 11,100 11,100 11,100 11,100 11,100 11,100 11,100 11,082 133,182 -
20,000 20,000 10,000 10,000 10,000 10,000 - - - 140,000 -
2,000 2,000 2,000 - - - - - - 12,000 -
2,000 - - - - - - - - 11,000 -
- - - - - - - - - 5,000 -
12,017 12,017 12,014 12,014 - - - - - 84,113 -
5,000 5,000 5,000 5,000 - - - - - 35,000 -
- - - - - - - - - 10,000 -
- - - - - - - - - 10,560 -
- - - - - - - - - 10,560 -
- - - - - - - - - 5,280 -
- - - - - - - - - 5,280 -
2,640 - - - - - - - 5,280 -
2,640 - - - - - - - 5,280 -
2,640 - - - - - - - 5,280 -
4,000 - - - - - - - 8,000 -
2,640 - - - - - - - 5,280 -
2,640 - - - - - - - 5,280 -
2,640 - - - - - - - 5,280 -
2,640 - - - - - - - 5,280 -
2,640 - - - - - - - 5,280 -
2,640 - - - - - - - 5,280 -
2,640 - - - - - - - 5,280 -
2,640 - - - - - - - 5,280 -
2,640 - - - - - - - 5,280 -
Deductions
Total Balance
- - - - - - - - 16,000 -
- - - - - - - - 1,935,000 -
4,000 8,662 9,563 - - - - - - 26,225 -
- 12,500 12,500 12,500 12,500 - - - - 50,000 -
- - 300,000 - - - - - 300,000 -
- - 3,500 3,500 - - - - - 7,000 -
- - 802,500 - - - - - - 802,500 -
- - - - 75,000 - - - - 75,000 -
- - - 2,954 2,954 - - - - 5,908 -
- - - 2,954 2,954 - - - - 5,908 -
- - - 2,954 2,954 - - - - 5,908 -
- - - 2,954 2,954 - - - - 5,908 -
- - - 2,954 2,954 - - - - 5,908 -
- - - 2,954 2,954 - - - - 5,908 -
- - - 6,000 - - - - 6,000 -
- - - - 2,954 2,953 - - - 5,907 -
- - - - 2,954 2,953 - - - 5,907 -
- - - - 2,954 2,953 - - - 5,907 -
- - - - 2,954 2,953 - - - 5,907 -
- - - - 2,954 2,953 - - - 5,907 -
- - - - 2,954 2,953 - - - 5,907 -
- - - - 2,954 2,953 - - - 5,907 -
- - - - 2,954 2,953 - - - 5,907 -
- - - - 2,954 2,953 - - - 5,907 -
- - - - 2,954 2,953 - - - 5,907 -
- - - - 2,954 2,953 - - - 5,907 -
- - - - - 2,658 2,658 - - 5,316 -
- - - - - 2,658 2,658 - - 5,316 -
- - - - - 2,953 2,954 - - 5,907 -
- - - - - 2,953 2,954 - - 5,907 -
- - - - - - 50,000 - 50,000 -
- - - - - 20,000 20,000 20,000 - 60,000 -
- - - - - - 7,000 8,000 - 15,000 -
Deductions
Total Balance
- - - - - - 1,500 - - 1,500 -
- - - - - - 1,500 - - 1,500 -
- - - - - - 1,500 - - 1,500 -
- - - - - - 1,500 - - 1,500 -
- - - - - - 1,500 - - 1,500 -
- - - - - - 1,500 - - 1,500 -
- - - - - - 1,500 - - 1,500 -
- - - - - - 1,500 - - 1,500 -
- - - - - - 1,500 - - 1,500 -
- - - - - - 1,500 - - 1,500 -
- - - - - - 1,500 - - 1,500 -
- - - - - - 1,500 - - 1,500 -
- - - - - - 1,500 - - 1,500 -
- - - - - - 1,500 - - 1,500 -
- - - - - - 1,500 - - 1,500 -
- - - - - - 1,500 - - 1,500 -
- - - - - - 1,500 - - 1,500 -
- - - - - - 1,500 - - 1,500 -
- - - - - - 1,500 - - 1,500 -
- - - - - - 1,500 - - 1,500 -
- - - - - - 1,500 - - 1,500 -
- - - - - - 766,750 - - 766,750 -
- - - - - - - 4,000 - 4,000 -
- - - - - - - - 7,500 7,500 -
- - - - - - - - - - 10,500
- - - - - - - - - - 5,000
- - - - - - - - - - 32,582
- - - - - - - - - - 32,582
- - - - - - - - - - 32,582
- - - - - - - - - - 32,582
83,877 79,199 1,168,177 77,838 158,818 84,805 847,574 93,100 18,582 4,808,681 145,828
Client : Ghani Global Glass Limited

Year : June 30, 2018 Date: Date:
Subject : Trade Debts - Movement
Work Done:
Obtained trade debtors listing from trail balance and agreed balances with control account.

Code Particulars
Code Particulars
Code Particulars
Code Particulars
GRAND TOTAL - - - - - -
Conclusion:
Client : Ghani Gases Limited Sarmad

#REF! : #REF! Date: Date:
Sub L/S : Short term borrowings
30-Jun-18 30-Jun-17
Amount Amount
Short term borrowings
Bank Islami 188,500,000 119,000,000
Habib Metro bank 60,499,999 31,999,999
Habib Bank Limited 15,500,000 -
Askari Islamic 75,000,000 72,000,000
Bank of Punjab 150,000,000 -
Summit Bank 10,000,000 50,000,000
499,499,999 272,999,999
CONCLUSION :

#REF! : December 31, 2017 Date: Date:
Subject : Short term borrowings - Bank Islami
31-Dec-17 30-Jun-17
Amount Amount
221001 Bank Islami
Opening Balance 119,000,000 149,500,000
Obtained during the period 188,500,000 314,000,000
Payment during the period (119,000,000) (344,500,000)
Closing balance 188,500,000 119,000,000


Period end : December 31, 2017 Date: Date:
Subject : Short term borrowings - Habib Metro Bank
31-Dec-17 30-Jun-17
Amount Amount
221002 Habib Metro Bank
Opening Balance 31,999,999 31,999,999
Closing balance 60,499,999 31,999,999


Period end : December 31, 2017 Date: Date:
Subject : Short term borrowings - Habib Bank
31-Dec-17 30-Jun-17
Amount Amount
221003 Habib Bank Limited
Opening Balance - -
Obtained during the period 15,500,000 -
Payment during the period - -
Closing balance 15,500,000 -


Subject : Short term borrowings - Dubai Islamic Bank
December 31, 2017

Amount
Dubai Islamic Bank
2210040033 Istasna Facility - 1

Received during the year -
Payment made during the year (11,000,000)
(11,000,000)
Closing Balance (11,000,000)


Subject : Short term borrowings - Askari Islamic
31-Dec-17 30-Jun-17
Amount Amount
221004 Askari Islamic Bank
Opening Balance 72,000,000 12,000,000
Closing balance 75,000,000 72,000,000


Subject : Short term borrowings - Askari Islamic Bank
June 30, 2017

Amount
Askari Islamic Bank

Received during the year 10,000,000
Payment made during the year -
10,000,000

10,000,000

15,000,000

10,000,000

15,000,000

15,000,000
Closing Balance 75,000,000


Subject : Short term borrowings - Bank of Punjab
31-Dec-17 30-Jun-17
Amount Amount
221005 Bank of Punjab
Opening Balance - 150,000,000
Payment during the period - (300,000,000)
Closing balance 150,000,000 -


Subject : Short term borrowings - Bank of Punjab
31-Dec-17
Amount
Bank of Punjab

10,000,000

10,000,000

10,000,000

11,500,000

28,500,000

15,000,000

31,000,000

12,500,000

10,000,000

11,500,000


Subject : Short term borrowings - Summit Bank
31-Dec-17 30-Jun-17
Amount Amount
221006 Summit bank
Opening Balance 50,000,000 -
Closing balance 10,000,000 50,000,000


Subject : Short term borrowings - Summit Bank
June 30, 2017

Amount
Summit Bank

-

-

-

-

10,000,000


Sub L/S : Contingencies and Commitments.
Code Particulars
Contingencies
1)Bank guarantees issued by the Company's bankers in the ordinary course of business
aggregating to Rupees 5 million (2014: Rupees 5 million) against supply of petroleum products.
2)Bank guarantees issued by the Company's bankers in the ordinary course of business
aggregating to Rs. 9.491 million (2014: Nil) against supply of liquid gases, contract with
controller of military accounts (Defence Purchase) Rawalpindi.
3)The Company has filed two separate constitutional petitions before The Honorable Lahore
High Court on the ground that the company was not required to pay any Advance Tax on
electricity bills due to huge carried forward tax losses and available refunds. The Honorable
Lahore High Court has granted stay orders upon furnishing bank guarantees in favour of LESCO
amounting to Rupees 3.14 million (2014: Rupees 3.14 million). The outcome of the cases is
pending. The management is hopeful that matter shall be decided in favour of the company.
4)The company has provided corporate guarantee amounting to Rupees 650 million (2014:
Rupees 650 million) to banks against financing facilities on behalf of associated company
namely Ghani Global Glass Limited.
Commitments
1)Commitments in respect of letter of credit amounted to Rupees 258.19 million (2014: Rupees
129.64 million).
2)Commitments for capital expenditure amounted to Rupees 10 million (2014: Rupees 66

million).
CONCLUSION :

Sub L/S : Contingencies and Commitments.
31-Dec-17 30-Jun-17
Code Particulars REF
Amount Amount
Profit attributable to ordinary shareholders 158,496,438 158,496,438
Weighted average number of ordinary shares 74,274,575 74,274,575

outstanding during the year
2.13 2.13
Earnings per share - basic and diluted (in rupees)
CONCLUSION :
Sarmad
CLIENT : GHANI GASES LIMITED Hashmi
PERIOD : December 31, 2017 Date: Date:
Sub L/S : PROVISION FOR TAXATION
31-Dec-17 30-Jun-17
CODE PARTICULARS REF.
Rs. in '000' Rs. in '000'
Charge for the year:

Provision for taxation 24,508 30,784
Tax credit (30,784) (47,024)
-Current taxation (6,276) (16,240)
-Deferred taxation 76,362 60,221
70,086 43,981
CONCLUSION :
3. The working papers contain sufficient information, detail of sufficient features and notes of ununusal
matters to enable us to form an opinion on financial statement.

Final - Working - L&amp;A

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Final - Working - L&amp;A

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RIZWAN AND COMPANY Prepared Reviewed Schedule:

Chartered Accountants By: By:

Client : Ghani Gases Limited

June 30, 2017 June 30, 2016

Trade Creditors 205,108,706 205,108

Advance from customers 36,299,975 39,295

Accrued liabilities (38,457,113) 38,512

Workers' profit participation fund (25,223,239) 1,140

Unclaimed dividend (23,719,272) 950

Withholding tax payable 1,570,737 1,555

Client : Ghani Gases Limited

June 30, 2017 June 30, 2016 Balance Balance

Trade Creditots 48,999,434 55,437,328 (11.61) 32,053,320 65 25,354,995 51.75 55.15

Client : Ghani Gases Limited

June 30, 2017 June 30, 2016 Balance Balance

Client : Ghani Gases Limited

June 30, 2017 June 30, 2016 Balance Balance

Advances to customers 85,250,896 31,337,693 (63.24) - 8,374,449 26.72 58.01

OPENING BALANCES DURING THE YEAR CLOSING BALANCES SUBSEQUENT CLEARANCE

221501 CREDITORS FOR LOCAL GASES

221510 GENERAL CREDITORS FOR SERVICES

2215100001 AKD SECURITIES LTD - - - - - -

OPENING BALANCES DURING THE YEAR CLOSING BALANCES SUBSEQUENT CLEARANCE

OPENING BALANCES DURING THE YEAR CLOSING BALANCES SUBSEQUENT CLEARANCE

OPENING BALANCES DURING THE YEAR CLOSING BALANCES SUBSEQUENT CLEARANCE

OPENING BALANCES DURING THE YEAR CLOSING BALANCES SUBSEQUENT CLEARANCE

221515 GENERAL CREDITORS FOR GOODS

OPENING BALANCES DURING THE YEAR CLOSING BALANCES SUBSEQUENT CLEARANCE

OPENING BALANCES DURING THE YEAR CLOSING BALANCES SUBSEQUENT CLEARANCE

OPENING BALANCES DURING THE YEAR CLOSING BALANCES SUBSEQUENT CLEARANCE

OPENING BALANCES DURING THE YEAR CLOSING BALANCES SUBSEQUENT CLEARANCE

OPENING BALANCES DURING THE YEAR CLOSING BALANCES SUBSEQUENT CLEARANCE

221516 CREDITOR - IMPORT

2215160010 JIANGXI OXYGEN PLANT CO., LTD - 91,575 - - - 92,934 NOT

221550 CREDITORS - GENERAL

2215500004 MUHAMMAD JAMIL - (POLISH SERVICES) - - 7,000 7,000 - -

Rounding off difference 74 581 73 580

OPENING BALANCES DURING THE YEAR CLOSING BALANCES SUBSEQUENT CLEARANCE

221501 CREDITORS FOR LOCAL GASES

221510 GENERAL CREDITORS FOR SERVICES

Amount As Outstanding Outstanding More than 2

221515 GENERAL CREDITORS FOR GOODS

2215150001 A.K.B. MILL STORE 101,046 23-Jun-16 7 101,046 - - - -

Amount As Outstanding Outstanding More than 2

2215150038 SKY MACHINERY COMPANY 5,608 18-Dec-14 560 - - - 5,608 -

Amount As Outstanding Outstanding More than 2

2215150134 THE PROFESSIONALS 2,000 7-Jun-16 23 2,000 - - - -

Amount As Outstanding Outstanding More than 2

2215150213 KL.TRADERS 28,897 13-Jun-16 17 28,897 - - - -

Amount As Outstanding Outstanding More than 2

221501 CREDITORS FOR LOCAL GASES -

2215010008 PRIME GASES 361,663 26-Jun-15 370 - - - 361,663 -

221510 GENERAL CREDITORS FOR SERVICES - - - - - -

2215100003 BAIG TRADING AND CONSTRUCTION COMPANY 10,389,939 29-Jun-16 1 10,389,939 - - - -

Amount As Outstanding Outstanding More than 2

2215100123 MAKKI ASSOCIATES 4,098 20-May-16 41 - 4,098 - - -

221515 GENERAL CREDITORS FOR GOODS - - - - -

2215150005 ARIF ENGINEERING WORKS 468,135 16-Mar-13 1202 - - - - 468,135

Amount As Outstanding Outstanding More than 2

2215150008 B2C INTERFACE 250,000 16-Mar-13 1202 - - - - 250,000

Amount As Outstanding Outstanding More than 2

2215150268 INTERNATIONAL INDUSTRIES LTD 19,814 31-Aug-15 304 - - 19,814 - -

221516 CREDITOR - IMPORT -

2215160011 ADVANCED ENERGY CONSULTANCY DMCC 412,148 16-Mar-13 1202 - - - - 412,148

Final - Working - L&A

Final - Working - L&A