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Nishat (Chunian) Ltd
31-Q, Gulberg II
Phone: +92 4235761730p:+92 4235761730 LAHORE, 54000  Pakistan Ticker: NCLNCL
Business Summary
Nishat (Chunian) Limited is engaged in the business of spinning, weaving, dyeing, printing, stitching, processing, doubling, sizing, buying, selling and otherwise dealing in yarn, fabric and made ups made from raw cotton, synthetic fiber and cloth, and to generate, accumulate, distribute, supply and sell electricity and steam. Its segments include Spinning, Weaving, Processing and Home Textile and Power Generation. The Spinning segment is engaged in the production of yarn using natural and artificial fibers. The Weaving segment is focused on the production of greige fabric using yarn. The Processing and Home Textile segment is involved in processing grey fabric for the production of printed and dyed fabric and manufacturing of home textile articles. The Power Generation segment is focused on generation and distribution of power. Its subsidiaries include Nishat Chunian Properties (Private) Limited, Nishat Chunian USA Inc., Sweave Inc. and T L C Middle East Trading L.L.C.
(Source: PROSPECTUS)

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/20236/30/2023Yes----

Industries
SIC Code Description
2281 Yarn spinning mills
2211 Broadwoven fabric mills, cotton
2269 Finishers of textiles, not elsewhere classified
4911 Electric services
6719 Offices of holding companies, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Non-Executive Chairman of the Board FarrukhIfzal 1/1/2021 1/1/2008
Chief Executive, Executive Director ShahzadSaleem 1/1/2014
Chief Financial Officer MustaqeemTalish 1/1/2021 1/1/2021
5 additional Officers and Directors records available in full report.

Business Names
Business Name
NCL
Nishat (Chunian) Limited
Nishat Chunian USA Inc.
Taj Textile Mills Ltd.

General Information
Number of Employees: 7,101 (As of 6/30/2023)
Outstanding Shares: 240,119,029 (As of 12/31/2023)
Shareholders: 9,221
Stock Exchange: PSX
Fax Number: +92 4235878696


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Friday, April 19, 2024