FULL FAMILY CLOTHING PARTNER OF CHOICE
Committed to deliver on our customer promise of world-class products and on-time delivery, we are pursuing our Vision 2025, with a strategic focus on enhancing customer experience through provision of value-added services, offering multi-category products across all ages, genders and abilities, manufactured responsibly, meeting the highest standards of social and environmental performance.
TABLE OF
CONTENTS
COMPANY OVERVIEW
Our Footprint | 06 |
Company Profile | 07 |
Our Mission | 08 |
Our Core Values | 08 |
Our Vision 2025 | 09 |
Key Performance Indicators | 10 |
2023 Highlights | 11 |
Organizational Structure | 12 |
2023 Recognitions | 13 |
Business Categories | 14 |
Customers | 19 |
Corporate Information | 20 |
GOVERNANCE
Board of Directors | 24 |
Board Committees | 26 |
Management Committee | 27 |
Chairman's Review Report | 28 |
Directors' Report | 30 |
Directors' Report (Urdu) | 58 |
Statement of Compliance | 59 |
Independent Auditor's Review Report to the | |
Members on Statement of Compliance | 62 |
RISK MANAGEMENT
Risk Management | 66 |
Risk Governance | 66 |
Risk Mitigation | 66 |
Inadequacy in the Capital Structure & | |
Plans to Address Such Inadequacy | 67 |
Liquidity Risk Strategy | 67 |
PERFORMANCE & POSITION
Key Financial highlights | 70 |
Last Six Year Statement of Financial Position | 71 |
Horizontal Analysis on Statement | |
of Financial Position | 72 |
Vertical Analysis Statement | |
of Financial Position | 73 |
Last Six Years Statement of Profit or Loss | 74 |
Horizontal Analysis on Statement | |
of Profit or Loss | 74 |
Vertical Analysis on Statement of Profit or Loss | 75 |
Last Six Years Statement of Cash Flows | 75 |
SUSTAINABILITY & CORPORATE
SOCIAL RESPONSIBILITY
Planet | 78 |
People | 79 |
Prosperity | 80 |
Certifications & Memberships | 81 |
FINANCIAL STATEMENTS
Independent Auditor's Report to the | |
Members of Interloop Limited | 85 |
Statement of Financial Position | 90 |
Statement of Profit or Loss | 91 |
Statement of Comprehensive Income | 92 |
Statement of Changes in Equity | 93 |
Statement of Cash Flows | 94 |
Notes to the Financial Statements | 96 |
SHAREHOLDERS' INFORMATION
Notice of 31st Annual General Meeting | 148 |
Statement Under Section 166 (3) of the | |
Companies Act, 2017 | 157 |
Statement of Material Facts Concerning | |
Special Business Pursuant to Section 134 (3) | |
of the Companies Act, 2017 | 157 |
Notice of 31st Annual General Meeting (Urdu) | 181 |
Pattern of Shareholding | 182 |
Information for Shareholders | 185 |
Interloop Limited - Form of Proxy | 187 |
Interloop Limited - Form of Proxy (Urdu) | 188 |
-
Company
Overview
OUR
FOOTPRINT
Global Presence Through Affiliates & Associates
NETHERLANDS | |
SERVICES | CHINA |
SERVICES / MANUFACTURING |
PAKISTAN
MANUFACTURING
COMPANY
PROFILE
119.20 | |||
30,000+ | 90.89 | ||
54.96 | |||
engaged people | 2021 | 2022 | 2023 |
15 nationalities | |||
Total Annual Sales
(PKR 'Billion)
Interloop Limited, headquartered in Pakistan, is a vertically integrated Full Family Clothing company, manufacturing Hosiery, Denim, Knitted Apparel & Seamless Activewear products, for top international brands and retailers, aiming to become a Partner of Choice.
8MW
Solar installed capacity
4.6 MW
installation in process
USA | JAPAN |
SERVICES | |
SERVICES |
SRI LANKA
MANUFACTURING
Being the largest listed textile company on Pakistan Stock Exchange by market capitalization and among the top exporters of Pakistan, with annual sales of PKR 119,200 million, Interloop employs 30,000+ highly motivated and engaged people from over 15 nationalities. It enjoys an organizational network operating from 6 countries, with an extensive, well-equipped industrial infrastructure base in Pakistan, an associate manufacturing facility in Sri Lanka, contract manufacturing facility and sourcing office in China, and marketing services offices in USA, Europe and Japan.
Renowned globally for its manufacturing excellence, Interloop is also a pioneer in environmental consciousness and at the forefront of social change. Aiming for Race to Zero, it focuses on circular by choice, reducing its carbon footprint, and using less water. Elevating its commitment to environment, Interloop became Pakistan's First manufacturing organization in Large Enterprise Category to have its Science Based Targets approved. In addition, it installed a water recycling Plant at its Hosiery Plant 5, recycling all the process water. Adding cleaner fuel to
its energy generation sources as a major priority, it has switched from coal to biomass fuel for steam generation which has significantly reduced its carbon footprint.
Living the digital-first reality, we ensure that existing operations are carried out as per industry best practices, and new initiatives are pursued to digitize operations, enabling our people to work faster and better. We have already deployed Robotic Process Automation across repetitive tasks and are using indigenous digital app for HR services. LoopTrace; our proprietary traceability solution to provide end-to-end traceability from product to the farm level, covering man, material and machine, is ensuring complete chain of custody for raw materials and we have already shipped our completely traceable yarn from our spinning facility.
Being a Business with Purpose, Interloop follows the Triple Bottom Line approach focused on Planet, People and Prosperity. Rooted in our Mission, our reason for existence is to bring about a positive change for the stakeholders and the community. Our ambition to transform lives, improve wellbeing, build a diverse, engaged and inclusive workforce, and conserve the environment, is reflected in our business decisions, practices and initiatives. As a signatory to the United Nations Global Compact, and by joining the UN Fashion Industry's Charter for Climate Action to drive net-zero GHG emissions by 2050, Interloop is fully committed to sustainable development.
6
7
COMPANY OVERVIEW
OUR
MISSION
To be an agent of positive change for the stakeholders and community
by pursuing an ethical and sustainable business
OUR
VISION 2025
To Become a
Full Family Clothing
Partner of Choice
OUR CORE
VALUES
Vision 2025 is our growth led strategy with a customer first approach designed to enable Interloop to be a Full Family Clothing Partner of Choice
Vision 2025 charts out our strategy from July 2021 through to June 2026. It is guided by a customer first approach with our strategic focus on offering multi-category products, manufactured responsibly, meeting the highest standards of environmental and social performance.
Our strategic focus is to maintain leadership in hosiery and build credibility of our new categories, by offering denim, apparel and seamless activewear products to our customers, across all ages, genders and abilities, becoming a full family clothing supplier. We aim to be a partner of choice through exceptional customer service, delivered by our value-added services and responsible business practices.
HOW WE'LL DO IT
PEPOLE
A diverse, inclusive and engaged workforce creating a high performing organization
DIGITAL TRANSFORMATION
Drive efficiencies through digitalization and provide transparency to our customers with real time information
AGILE MANUFACTURING
Drive an agile organization retaining our competitive position as a responsive high quality manufacturer
R
E
VA L S P O
W | H | ||||||||||||
A | |||||||||||||
F | T | ||||||||||||
U | L | L | W | ||||||||||
F | E | ||||||||||||
A | |||||||||||||
M | |||||||||||||
I | D | ||||||||||||
U | L | ||||||||||||
E | A | Y | |||||||||||
O | |||||||||||||
C | |||||||||||||
D | |||||||||||||
L | |||||||||||||
D | O | ||||||||||||
E | T | ||||||||||||
N | D | ||||||||||||
S | H | ||||||||||||
S | I | ||||||||||||
I | |||||||||||||
E | N | ||||||||||||
B | |||||||||||||
R | |||||||||||||
L | G | ||||||||||||
V | |||||||||||||
E | |||||||||||||
I | |||||||||||||
B | C | ||||||||||||
U | E | ||||||||||||
S | |||||||||||||
S | |||||||||||||
I | |||||||||||||
S | E | N | |||||||||||
S |
To successfully deliver on our strategy, we are unleashing the true potential of our people by building a diverse, inclusive and engaged workforce creating a high-performing organization. This is being enabled by our digital transformation and by an agile and lean mindset across all aspects of our business.
$700M | 2.5x | 25% |
REVENUE BY FY2026 | REVENUE THROUGH | LOWER CARBON FOOTPRINT |
VALUE ADDED SERVICES | AND RESOURCE CONSUMPTION | |
Transforming into a full family clothing | Providing value added services creating | Lead the way in responsible |
business will build further credibility with | strong lasting partnerships | manufacturing meeting highest standards |
our customers | of environmental and social performance | |
8
9
COMPANY OVERVIEW
Attention: This is an excerpt of the original content. To continue reading it, access the original document here. |
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Interloop Ltd. published this content on 21 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 September 2023 07:58:02 UTC.