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Analysis of Financial Statement

Gul Ahmed Textile Mills Limited

Gul Ahmed Textile Mills is Pakistan’s
leading exporter of home textiles,
including bed linen, curtains, and fabric. It
also manufactures lawn fabric for the
domestic market. Recently, it has begun
to produce value-added materials such
as apparel and accessories for both men
and women under the label ideas.
Gul Ahmed Textile Mills Ltd.

Type Private
Founded April 1, 1953
Founder(s) Haji Ali Mohammad
Headquarters Karachi, Pakistan
Area served Worldwide

Bashir Ali Mohammad and harris Rahim
Key people
- Executive Chairman

Textile
Industry
Retail
Fabrics, bedding, yarn,
Products
apparel, accessories

Revenue
▲US$133.5 million (2006)
[1]

Parent Gul Ahmed Group
Ideas by Gul Ahmed
Divisions
http://www.gulahmed.com
Website /
Ideas

The Ideas retail outlet at the Atrium Mall on Zaibunnisa
Street in Sadder.
Ideas by Gul Ahmed is the retail venture of Gul Ahmed
Textile Mills. Considering the growing trend towards the
retail industry in Pakistan, as well as the increase in cotton
prices and the need to focus more on value-added
products, the company decided to diversify into the
country's retail sector in 2003.Ideas offers a range of home
textiles and furnishings for the bedroom, kitchen and
bathroom, as well as men's and women's apparel. It also
provides in-house monogramming, embroidery and tailor-
made services.
The Ideas flagship store is located in the
Clifton area of Karachi, with plans to
establish a retail chain throughout Pakistan.

Equipment

The mill is presently a composite unit with
an installed capacity of 103,000 spindles,
220 wide width air jet looms, 90 Sulzers, 297
conventional looms, and a state-of-the-art
processing and finishing unit
History
The Gul Ahmed Group began trading in
textiles in the early 1900s. In 1953, the group
decided to enter the field of manufacturing
under the name Gul Ahmed Textile Mills
Limited, and was incorporated as a privately
limited company. In 1972, it was listed on the
Karachi Stock Exchange. Since then, the
company has made rapid progress and is
currently one of the leading composite textile
houses in the world
Corporate Profile - Business Activities

Textiles
In the textile field, activities start
from the spinning of cotton as well as
man made fibers and extend to
weaving, processing and finishing of all
types of cotton and blended fabrics,
bed linen, home furnishings, garment
manufacturing, etc.
Management

Management of the group is
professionally qualified and broadly
experienced. The directors have held
top positions in various textile bodies,
export committees and have also
assisted the Government of Pakistan in
some of the major trade talks with EC
and USA authorities.
Bankers

Main bankers of the group are:
Allied Bank Limited
Bank Al Habib Limited
Barclays Bank Plc, Pakistan
Citi Bank, N.A.
Faysal Bank Limited
Habib Bank Limited
Habib Metropolitan Bank Limited
Hsbc Bank Middle East Limited
Meezan Bank Limited
National Bank Of Pakistan
Nib Bank Limited
The Royal Bank Of Scotland Limited
Standard Chartered Bank (Pakistan) Limited
United Bank Limited
List of Membership of Trade Bodies and Organization

The Karachi Stock Exchange (Guarantee) Limited.

 Lahore Stock Exchange (Guarantee) Limited.

 All Pakistan Textile Mills Association.

 Pakistan Cotton Fashion Apparel Manufacturers & Exporters Association.

 All Pakistan Bed sheets & Upholstery Manufacturers Association.

 Karachi Cotton Association.

 Chamber of Commerce & Industry, Karachi.

 Employees Federation of Pakistan.

 All Pakistan Textile Processing Mills Association
Business Description :

Gul Ahmed Textile Mills Ltd. The Group's principal
activities are to manufacture and market cotton cloth,
yarn and other textile products for domestic and export
markets. The Group also weaves and processes all
types of cotton, blended fabrics, bed linen, home
furnishings and garment manufacturing. The Group
operates solely in the domestic market.