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JUTE DIVISION
Thal Limited enjoys the distinction of being the pioneer industrial project of the House of Habib. The project was launched in 1966 and incorporated as a public limited company, which commenced production in 1966. The factory is located at D.G. Khan Road, Muzaffargarh, Punjab and is engaged in the manufacturing of A. Twill Sacks, B.Twill Sacks, Coffee Sacks, Sugar Sacks, Heavy Cees, Light Cees, Hessian Cloth, Hessian Bags (ordinary/natural white), Jute Yarn & Twine used mainly for packing of wheat, rice, cotton, etc. The company is one of the largest employers of skilled and unskilled workers with a strength of more then 3,000 people. It enjoys excellent Labor - Management relations which have resulted in a cordial and harmonious working environment at the Mills. 

The production during 2002-2003 was 24,690 M.Tons as compared to 26,125 M.Tons during 2001-2002. THAL commands a market share of about 26% of the total production of the 12 Jute Mills operating in the country.

FINANCIALS
The company has a sound financial base. The authorized capital is Rs.100 million and the paid up capital is Rs.70 million and the free reserve is Rs.500 million. The break up value of Rs.5/= share is Rs.40.94. The earning per share is Rs.19.06 and the dividend per share was 125%. The sales turnover (net) of the company was Rs.2.097 billion compared to Rs.1.552 billion in the previous year.

For Annual Accounts 2004 & onwards please visit: http://www.thallimited.com

Accounts for the third quarter ended March 31, 2004

Accounts for the second quarter ended December 31, 2003

Accounts for the first quarter ended September 30, 2003

Directors Report for the year ended June 30, 2003

Accounts for the year ended June 30, 2003

EXPORTS
During the year 2002-03, the company's export have substantially increased to US$2.2 million (Pak Rupees 130 million), which shows an increase of more than 200% over the last year.We have also made indirect exports of Hessian Bags through the Rice Exporters of Rs.89 million during the year in addition to our direct export. Thal Jute is proud to state that Pakistan is now well known in the international markets as exporter of quality jute products. Thal Jute is the first and the only jute mill in Pakistan, which has successfully manufactured and exported Food Grade (Hydro Carbon Free) Jute Products. During the year, Thal Jute have tapped and entered in the new markets and succeeded in getting good percentage of market share and opened the doors for Pakistan's Jute Products to the new markets in North Africa, East Africa, Europe, South East Asia, Middle East etc etc. Thal Jute is the recipient of the following prestigious recognitions:

• 1999 - Top 25 Companies Award by Karachi Stock Exchange for the best financial performance.
• 2000 - Corporate Excellence Certificate by Management Association of Pakistan.
• 2001 - Corporate Excellence Certificate by Management Association of Pakistan.
• 2002 - ISO 9001-2000 Certificate for Quality Management System from Belgium Council of Certification.
• 2003 - FPCCI Export Merit Trophy for Export of Non-Traditional Items – Jute Goods.

MANAGEMENT

Sohail P. Ahmed                                 Chief Executive Officer
Mohammad Jamil Hussain                  Executive Director
Hooshang Gholami                             Senior Executive
Ali Asgher Moten                                General Manager (Finance & Admin.)
Aunali Ravjani                                    General Manager (Sales)
Aslam Naqvi                                       Manager (Purchase)

INQURIES
For trade enquiries, please contact us at the following email addresses :
For Raw Jute : tjmlcnf@cyber.net.pk
For Finished Products : auny@hoh.net and tjmlk@cyber.net.pk
For Machinery and Spares : aslam@hoh.net

ENGINEERING DIVISION
The Company diversified its business activity into the assembly and manufacturing of auto air conditioners in 1995-96 by signing a technical license agreement with Denso Corporation, Japan. The Engineering Division accomplished the deletion target of 50% set by Ministry of Industries, Government of Pakistan. The plant has production capacity of 40,000 units per annum on single shift basis. The division is supplying Air Conditioners to the auto manufacturer i.e. Indus Motor Company Ltd. & Pak Suzuki Motor Co. Ltd.

Further expansion in the Engineering Division was made into Wire Harness Project, which too has been successfully launched. The Engineering Division has made investments in assets worth over Rs.100 million and attained sales turnover of Rs. 1.3 million.