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Finance Project 11

Ghandhara Nissan Ltd is a Pakistani automobile manufacturer founded in 1981 by retired Pakistani Army Chief Gen Habibullah Khan Khattak. It assembles and manufactures vehicles including JAC and Dongfeng trucks, and imports and sells Nissan and Renault vehicles. The company has over 1,000 employees and manufacturing plants in Karachi covering over 72,000 square meters. It has a diverse board and management and deals with multiple local and international banks.

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0% found this document useful (0 votes)
144 views13 pages

Finance Project 11

Ghandhara Nissan Ltd is a Pakistani automobile manufacturer founded in 1981 by retired Pakistani Army Chief Gen Habibullah Khan Khattak. It assembles and manufactures vehicles including JAC and Dongfeng trucks, and imports and sells Nissan and Renault vehicles. The company has over 1,000 employees and manufacturing plants in Karachi covering over 72,000 square meters. It has a diverse board and management and deals with multiple local and international banks.

Uploaded by

Abrar Rana
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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GHANDHARA NISSAN LTD

FOUNDER:

Late Gen Habibullah Khan Khattak retired as Chief of Staff of the Pakistan army in 1959.His
first company was Bibojee Services (Pvt.) Limited, which is now the umbrella company of the
large dynamic Industrial Group. This Group includes Automobiles, Textiles, Tyre & Rubber,
Insurance and Construction.
Ghandhara Nissan Limited is a Pakistani automobile manufacturer based in Karachi,
Ghandhara Nissan is the authorized Assembler and Manufacturer.
The Company was incorporated on August 8, 1981 in Pakistan as a private limited company and
later on converted into a public limited company on May 24, 1992. The company is a subsidiary
of Bibojee Services (Private) Limited.

BUSINESS DESCRIPTION

The principal business of the Company is assembly / progressive manufacturing of vehicles


including  JAC Trucks, import and sale of Nissan,Dongfeng and Renault vehicles in Completely
Built-up condition and assembly of other vehicles under contract agreement. 

Company Profile

Company status: Public limited Company

Date of incorporation: August 08, 1981. Listed on KSA.

Symbol of the Company assigned by Pakistan Stock Exchange: GHN.


Employees Numbers : 1035
Membership of Major Organizations
1. Pakistan Automotive Manufacturers Association (PAMA)
2. Chambers of Commerce and industry of:
a) Karachi
b) Islamabad
c) Rawalpindi
d) Gujranwala
e) Peshawar
Head Office:

Address: F-3, Hub Chowki Road, S.I.T.E, Karachi, Pakistan.


Telephone Nos: (+92-21) 32556901-10
Fax Nos: (+92-21) 32556911-12
Email: info@ghandhara.com.pk
Rawalpindi Office:
Address: Gammon House Plot# 400/2 Peshawar Road, Rawalpindi, Pakistan.
Telephone Nos: (+92-51)5465742
Fax Nos: (+92-51)5465503
Lahore Office:
Address: First Floor, Laban's Arcade Abpara housing Scheme near DHA Eme Sector Main
Canal Road, Lahore, Pakistan.
Telephone Nos: (+92-42) 35451051-3 

Board of Directors Profile:

1. Mr. Raza Kuli Khan Khattak – Chairman


2. Lt.Gen. (Retd.) Ali Kuli Khan Khattak - President 
3. Mr. Ahmad Kuli Khan Khattak - Chief Executive
4. Mrs. Shahnaz Sajjad Ahmad – Director
5. Mr. Muhammad Zia - Director 
6.  Mr. Haroon Rashid - Director 
7. Mr. Haroon Rashid - Director 
8. Mr. Javed Iqbal - Independent Director.
9. Mr. Polad Merwan Polad - Independent Director.
10. Mr. Salman Rasheed - Independent Director. 

Management Profile

 Mr. Ahmad Kuli Khan Khattak (CEO)


 Mr.Muhammad Umair (CFO, Chief Financial Officer)
 Mr.M.Sheharyar Aslam (CS, Company Secretary)

Human Resource & Remuneration(HR&R Committee:

Mr. Javaid Iqbal Chairman


Mr. Ahmed Kuli Khan Khattak Member
Mrs. Shahnaz Sajjad Ahmed Member
Mr. Mohammad Zia Member
Mr. Polad Merwan Polad Member

Audit Committee

 Mr. Polad Merwan Polad   Chairman


 Lt. Gen. (Retired) Ali kuli Khan Khattak Member
 Mr. Salman Rasheed (FCA) Member
 Mr. Muhammad Zia Member
 Mr. Muhammad Saleem Baig Member

Auditors

1. M/s. Shinewing Hameed Chaudhri & Co.   


2.
Chartered Accountants 5th Floor, Karachi Chambers
    Hasrat Mohani Road Karachi.
Legal And Tax Advisor
1. LEX FIRMA Advocates, Barristers & Legal Consultants
    418, Continental Trade Centre,
    Block-8, Clifton, Karachi.

2. Shekha and Mufti


Chartered Accountants

C-253, P.E.C.H.S Block-6 Off Shahrah-e-Faisal Karachi.


NTN/ Sales Tax Registration/ Incorporation No.

NTN:                             0802990-3
 Sales Tax Registration No:12-03-8702-001-46
Banks Of The Company

National Bank Of Pakistan


Faysal Bank limited
Habib Bank Limited
Allied Bank Limited
United Bank limited
Soneri Bank Limited
MCB Bank limited
Soneri Bank Limited
Standard chartered Bank (Pakistan) Limited
Industrial and Commercial Bank of China
Summit Bank Limited
The Bank of Punjab
The Bank of Khyber
Askari Commercial Bank Limited
Meezan Bank Limited-( Shariah)
Bank Al Habib Limited
Bank Alfalah Islamic-( Shariah)
Al Baraka Bank (Pakistan) Limited-( Shariah)
JS Bank Limited
Samba Bank Limited
Dubai Islamic Bank Pakistan Limited-(Shariah)
Bank Islami Pakistan Limited
Organizational Chart

Mission And Vision


Mission

 As a customer oriented Company, provide highest level of customer


satisfaction.
 To accelerate performance in all operating areas, ensuring growth of the
Company and increasing return to the stakeholders.
 To create a conducive working environment leading to enhanced
productivity, job satisfaction and personal development of the employees.
 To contribute to social welfare by adopting environment friendly practices
and processes for the well being of society
Vision
To maximize market share by producing and marketing highest quality vehicles
in Pakistan.

List Of Associated Companies


Bibojee Services (Pvt) Ltd.
Ghandhara industries Ltd.
The General Tyre And Rubber Co. Ltd of Pakistan.
Gammon Pakistan Ltd.
Janana De Malucho Textile Mills Ltd.
Babri Cotton Mills Ltd.
Bannu woollen Mills Ltd.
Rehman Cotton Mills Ltd
The Universal Insurance Co. Ltd of Pakistan
Ghandhara DF ( Pvt) Ltd.

Products Of The Company


There are Four Products of the Company
1. Renault Trucks
2. Dongfeng Trucks
3. JAC Trucks
4. Cars

1. Renault Trucks
i. Renault D-280
ii. Renault K-380 (Dumper)
iii. Renault C-380 (6x4PM)
2. Dongfeng Trucks
There are 3 Categories in Dongfeng Trucks
1) Prime Movers
2) Rigid Trucks Chassis
3) Light Duty Trucks
Prime Movers
a) DF-245iPM(4x2)
b) DF-385/420 PM(6x2)
c) DF375PM (6x4)
d) DF-285/420PM(6x4)
Rigid Trucks Chassis
a) DF-220RIGID(6x2)
b) DF-245RIGID(6x2)
c) DF-280RIGID(6x4)
d) DF-375RIGID(6x4)
e) DF-375RIGID(8x4)
Light Duty Trucks
Realing M (14Feet)
Captain C (17Feet)
3. Jack Trucks
JAC X200
JAC 1020K
JAC 1042K
4. Cars
This Product will be launched Soon.
Trucks Plant
The Assembly Plant of Ghandhara Nissan Limited situated at Bin Qasim,
Karachi is most modern of its kind in Pakistan. The innovations carried out in-
house from time to time, contributes to high standard of quality. Its capacity is
flexible and can be doubled easily. It can produce 4800 vehicles annually on
single shift basis

Plant Area
Total Area Of Plant : 72843 Square Meter
Total Built up Area : 21011 Square Meter
Cars Plant
he Assembly Plant of Ghandhara Nissan Limited situated at Bin Qasim, Karachi
is most modern of its kind in Pakistan. The innovations carried out in-house from
time to time, contributes to high standard of quality. It can produce 6000 vehicles
annually on single shift basis. We are assembler and Progressive Manufacturer of
Passenger Cars.
 
In this regard quality at all levels is strictly maintained by GNL team of Engineers
and Technicians, trained locally and abroad.
 
Area of Plant

 
Total Plant Area         : 104,700 Square Meter
Total Built up Area      :  34,176 Square Meter

Dealers
1) Customer Support Center (Karachi)
2) GDFPL Rawalpindi Regional Office (Rawalpindi
3) GDFPL Lahore Regional Office (Lahore)
4) Aamir Taj Afridi Motors (Lachi - Kohat) 
5) Awais Afridi Motors (Peshawar)
6) Ittehad Motors (Hasanabdal)
7) Auto Care Experts (Gujranwala)
8) The Fuel Experts (Machikay)
9) Sadiqabad Motors (Sadiqabad)
10) Al-Masood & Company (Karachi)

II-Details of Capital Structure/investments


Financial Information of Ghandhara Nissan Limited
For the three months ended 30 September 2021,Ghandhara Nissan Ltd. revenues
increased 23% to PKR1.13B.Net income totaled PKR105.4M vs. loss of
PKR153.1M.Revenues reflect an increase in demand for the Company’s products
and services due to favorable market conditions.Net Income reflects share of
profit of an associated increase from PKR156.2M (expense) to PKR36.4M
(income),Other income increase from PKR5.1M To PKR 28.9M ( income)
Market Capital 4475836.30
Shares 57002500
Free Float 19950875
Free Float 35%
Paid up Capital 570025000
Market Lot 500
Share Price 79.86
Paid up value 10
DIVIDEND OF THE COMPANY

Name Year Cash Bonus Right


Dividend Dividend Shares
Ghand 2021 0.00 0.00 0.00
Nissan
Ghand 2020 0.00 0.00 0.00
Nissan
Ghand 2019 0.00 0.00 0.00
Nissan
Ghand 2018 0.00 0.00 26.67
Nissan
Ghand 2017 50.00 0.00 0.00
Nissan

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