HARUM TEXTILE MILLS LTD
| Business category 1 | Yarn |
| City ( of main office ) | Lahore, PK, Pakistan |
| Address | 145 E/1 Gulberg 111 |
| Phones | 92-42-5877121 |
| Fax | 92-42-5874218 |
| About | Harum Textile Mills Limited is a public limited concern registered with registrar of the Companies on 14th September 1991 under certificate of incorporation No.1-00776. The Registered office of the company is located at 145-E/1 Gulberg-III, Lahore. The Company is engaged in manufacturing and sale of Yarn, fabrics and made up and have its industrial concern situated at 49 K. M. From Faisalabad on Sheikhupura Road. Machinery set up was for 14400 Spindles with complete back process and related equipment including combers. Other 4800 spindles were added in July 1997 to increase to 19,200 spindles and in 2004 to 25.500. The project has been set up under rural area scheme and is exempt from Income tax for a period of five years. Management The Family owns and runs a trading concern M/S Star International Trading Company at Hong Kong that deals in Sale of yarn, cloth, and stationery items and also deals as Sole Agents of Casio Electronic goods. Its annual turnover is reported at more than US$ 25 Million. The family is also the partner holding 55 percent interest in M/S Star Manufacturing a Polypropylene manufacturing factory located at Bangkok - Thailand. Total assets of Star Manufacturing are reported as US$ 20 Million. The family also deals in hoteling business. They run Moghal Restaurant under the management of Moghal International Ltd.71-20 Chungdam-dong, Kangnam-Ku, Seoul. The value of Moghal restaurant is US$ 2.5 Million. They own 3 commercial properties, including one at Dynasty Court, Hong Kong and a commercial property at Itewan-central Seoul ( South Korea ). Their value is reported at US$ 12.5 Million. In Pakistan the family possesses 150 acres of irrigated land of value Rs.50 Million in Phalia District, Mandi Bhau ud din. More over they own Industrial Commercial and Residential properties in Mandi Bahau ud Din. Sialkot, Gujranwala and Lahore of value Rs.100 Millions. In addition to payment of purchase price of the Mill the promoters have made cash investment of Rs.65 Million. Their main Bankers in Hong Kong are Bank of Tokyo and Hong Kong Shanghai Banking Corporation. Directors And Management The overall management of the Company is vested with Board of Director who belong to a renowned business community, however day to day administration of the Company is entrusted in the Chief Executive, team of professionals and technical staff who are fully conversant with business conditions |
| Date | 2011 Oct 29, 15:10 |