Nishat Mills Limited
Submitted To:
Ms. Fatima Saman Qaisar
Submitted By:
(Group No. 04)
Sara Khurshid 10-4932
Azka Anjum 10-4945
Abdul Hanan 10-4926
Ali Abbas 10-4918
Ahmed Khalid 10-4973
Date: 23rd November, 2013
Contents
Company profile
Nishat Mills Limited is most modern, vertically integrated textile company which is largest textile exporter for Pakistan. It was established in 1951 has 198,120 spindles, 655 Toyota air jet looms. It has advance textile dyeing and processing units, 2 stitching units for home textile, one stitching unit for garments and power generation facilities with a capacity of 89 MW. The Company’s total export for the year 2012 was Rs. 36.015 billion.
Due to implementation of efficient and effective management policies, union of processes, a strong balance sheet and an effective marketing strategy, it is expected to follow growth trend. Nishat is highly concerned about properly dumping their wastes and have taken extensive steps to be called as green company. The company use effluent treatment plants (ETP) for cost effective pollution control.
Nishat Mills have following certificates which ensures their quality and environmental standard
ISO 9001 and IKO-TEX 100 Certified
ISO 14000
Corporate Values
The Company has adopted the following corporate values:
To fulfill customer needs by producing quality products;
To act with good governance;
To achieve sustainable and equitable growth;
To promote diversity and ethical behavior;
To develop a dynamic team of professionals to achieve excellence and innovation.
Competitive advantage
The Pakistan Credit Rating Agency Limited (PACRA) has maintained the long-term and short-term entity ratings of Nishat Mills Limited (NML) at “AA-” (Double A minus) and “A1+” (A One plus), respectively.
The company has competitive advantage of being the oldest company in Pakistan and still has superior position among its competitors:
Old Textile Company
Latest machinery
Own power
Ms. Fatima Saman Qaisar
Submitted By:
(Group No. 04)
Sara Khurshid 10-4932
Azka Anjum 10-4945
Abdul Hanan 10-4926
Ali Abbas 10-4918
Ahmed Khalid 10-4973
Date: 23rd November, 2013
Contents
Company profile
Nishat Mills Limited is most modern, vertically integrated textile company which is largest textile exporter for Pakistan. It was established in 1951 has 198,120 spindles, 655 Toyota air jet looms. It has advance textile dyeing and processing units, 2 stitching units for home textile, one stitching unit for garments and power generation facilities with a capacity of 89 MW. The Company’s total export for the year 2012 was Rs. 36.015 billion.
Due to implementation of efficient and effective management policies, union of processes, a strong balance sheet and an effective marketing strategy, it is expected to follow growth trend. Nishat is highly concerned about properly dumping their wastes and have taken extensive steps to be called as green company. The company use effluent treatment plants (ETP) for cost effective pollution control.
Nishat Mills have following certificates which ensures their quality and environmental standard
ISO 9001 and IKO-TEX 100 Certified
ISO 14000
Corporate Values
The Company has adopted the following corporate values:
To fulfill customer needs by producing quality products;
To act with good governance;
To achieve sustainable and equitable growth;
To promote diversity and ethical behavior;
To develop a dynamic team of professionals to achieve excellence and innovation.
Competitive advantage
The Pakistan Credit Rating Agency Limited (PACRA) has maintained the long-term and short-term entity ratings of Nishat Mills Limited (NML) at “AA-” (Double A minus) and “A1+” (A One plus), respectively.
The company has competitive advantage of being the oldest company in Pakistan and still has superior position among its competitors:
Old Textile Company
Latest machinery
Own power
Cited: Ahmed, Salman. "Nishat Textile." Scribd. 2012. http://www.scribd.com/doc/78434671/Nishat-Textile (accessed November 22nd, 2013). Annual Report of Nishat Mills Limited for the year ended June 30, 2013. Annual Report , Lahore: Vantage, 2012. Chohan, Khalid Mahmood. "Code of Conduct for directors." Nishat Mills Ltd. June 15th, 2012. http://www.nishatmillsltd.com/nishat/ccd.pdf (accessed November 22nd, 2013). Chohan, Khalid Mehmood. "Code of Conduct approved by board of directors for employees." Nishat Mills Ltd. June 25th, 2012. http://www.nishatmillsltd.com/nishat/cce.pdf (accessed November 21st, 2013). Correspondent, The News. Pacra maintains ratings of Nishat Mills. Feburary 22nd, 2013. http://www.thenews.com.pk/Todays-News-3-159432-Pacra-maintains-ratings-of-Nishat-Mills# (accessed November 21, 2013). Interim Financial Report of Nishat Mills Limited for the period ended 31 March. Annual Report, Lahore: Vintage, 2013. Nadeem, Yasir. Nishat Textile. Lahore: Scribd, 2009. Nishat home textiles. 2013. http://www.nishathometextile.com/uploads/NML%20-%20Home%20Textiles.pdf (accessed November 22nd, 2013). Nishat Mills Ltd. November 21st, 2013. http://www.nishatmillsltd.com/nishat/vision-statement.htm (accessed November 21st, 2013). Nishat Mills Ltd. Company Profile. November 21st, 2013. http://www.nishatmillsltd.com/nishat/company-profile.htm (accessed November 21st, 2013). Nishat Pak. 2013. http://www.nishatpak.com/gna.html (accessed November 22nd, 2013). Tauqir, Zeeshan. Strategic Management Plan Nishat Mills. Project Report , Lahore: Scribd, 2012.