Roshan Packages

2018
Roshnik Omar
18P00017
Introduction
 Roshan Packages traces its legacy all the way back to "Urdu
Digest" in 1959
 In 2016 Roshan Packages was incorporated and got listed on
PSX
 Manufacture and sale of corrugation and flexible packaging
materials.
Continued
 It caters to the FMCG sector, consumer electronics, dairy
products, pharmaceuticals and the textile industry among
others.
 It names Unilver, Pepsi, and Lotte Kolson as some of its
customers.
Chapter 10 Long Term Assets
Fixed Assets include:
 Freehold lands
(Two lands of 8.22 and 7.73 acres respectively)
 Buildings
On above mentioned lands
 Plant and Machinery
Paper Board Handling System machine, Emba Machine and
Lamination Machine
Continued
 Electric Installations
Two AC’s
 Furniture
 Office equipment
 Vehicles
Fork Lifter Truck-3Mt
Suzuki Cultus LEE-13-3128
Honda Cd 100cc LER-16B-8375
Paper Roll Clamp Lifter 66“
Continued
 Depreciation
Double Declining Method for Operating Assets including the
equipment, related buildings and electric installations.
Straight Line Method used for Buildings and Vehicles.
 No natural resources
 Intangible Assets:
ERP Software
 Ammortization
20% rate
Chapter 13: Corporations: Organizations, Stock
Transactions and Dividends
 Roshan Packages is a listed public company
Directors and Percentage of shareholding
 Zaki Aijaz 11.86%
 Saadat Eijaz 11.86%
 Khalid Eijaz 14.65%
 Quasim Aijaz 2.96%
Issued, subscribed and paid up share capital
 Ordinary shares 57,336,000 of Rs. 10 each fully paid in cash PKR/-
573,360,000
 Ordinary shares 55,811,000 of Rs. 10 each issued as bonus shares
PKR/- 558,110,000
 Ordinary shares 5,103,000 of Rs. 10 each fully paid for *consideration
other than cash PKR/-51,030,000
Continued
 Ordinary shares 5,103,000 of Rs. 10 each fully paid for
*These shares were issued against the fair value of land
acquired.
Dividend Paid in Cash
 PKR/- 106,617,117
 No treasury stock, Stock Splits or Retained Earnings were
reported for the year.
Chapter 15 Investments and Fair Value
Accounting
 Investment in Subsidiary of Paper Mills of Rs/- 11,137,613,
fully paid ordinary shares of Rs. 10 each.
 The Company directly holds 60% shares in its subsidiary,
Roshan Sun Tao Paper Mills (Private) Limited
Chapter 11 Current Liabilities
Current Portion of Long Term Liabilities
 Supplier's credit – unsecured 116,156,657
 Long term finances – secured 505,812,500
 Liabilities against assets subject to finance lease – secured
16,396,026
Short term borrowings 1,333,809,379
 Running finance 471,559,319
 Term finances:
 Import finance: 185,983,794
 Murabaha / Istisna: 676,266,266
Continued
Trade and other payables
 Trade creditors 593,313,561
 Bills payable 52,795,524
 Advances from customers 3,861,527
 Retention money 4,167,040
 Accrued liabilities 52,886,138
 Withholding tax payable 3,965,860
 Workers' welfare fund 1,678,561
 Other payables 16,586,243
 Advances from employees 3,527,610
Continued
Accrued markup
 Long term finance - secured 3,869,432
 Short term borrowings - secured 17,420,560
Direct - Salaries, wages and other benefits
9,095,117
Indirect - Salaries, wages and other benefits
4,749,839
Chapter 14 Long Term Liabilities:
Bonds and Notes
Supplier’s Credit:
 This represents interest free amount payable to Windmoller
& Holscher, Germany, against purchase of Varex II 5-Layer
Co-Extrusion Line machine
 The interest free payable amount has been discounted at a
rate of 0.87% per annum to arrive at the cash price
equivalent of the machine.
Continued
Deferred taxation 277,646,741
Deferred liabilities
 Accumulating compensated absences 5,024,731
 Provision for gratuity 60,988,612
Chapter 16 Cash flow Statements
Thank you!