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Dewan Farooque Spinning Mills Limited (Pakistan)

Main Activities: Fiber, Yarn, and Thread Mills
Full name: Dewan Farooque Spinning Mills Limited Profile Updated: March 12, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Dewan Mushtaq Group instituted Dewan Farooque Spinning Mills Limited in January 2004 to gain a leadership position in the quality yarn market. The growing robustness in the performance of the commodity in the international market, as well as the increased inclination of European and American manufacturers towards sourcing yarn from Third World countries, a facility that sets the precedent for the production of export-quality yarn, was deemed essential.
DFSML has an installed capacity of 28,800 spindles capable of producing only quality medium to fine count yarns. This state-of-the-art textile spinning unit is based on the best available technology internationally. Rieter was chosen as the technology partner since they have a spinning integrated installation system, enabling them to provide manufacturing technology for premium quality, medium & fine count yarns.
The plant will be producing 7.5 million lbs of yarn per annum, half of which would consist of compact yarn. The project has commenced its commercial production in January 2006.
Stringent raw material selection, testing and the use of only Premium quality cottons available around the globe are our sureties of raw material input. Emphasis however remains on Egypt and USA to be our main suppliers for our quality conscious upmarket local and export customers.
Combining the elements of the best technology and premium raw material inputs is the highly skilled workforce at Dewan Farooque Spinning Mills. These elements ensure us the guarantees that our customers want locally and internationally
We have based the implementation and execution of our project on internationally recognized best practices. We will ensure that all relevant certifications like ISO 9000, ISO 14000, SA 8000, OEKO TEX etc. are obtained soon after the commencement of the project. We will also implement SAP (ERP Software) in the near future.

Legal Address
Dewan Centre, 3-A, Lalazar Beach Hotel Road
Karachi; Sindh; Postal Code: 75350

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Website: http://www.yousufdewan.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2003
Key Executives
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Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Chief Executive Officer
Ownership Details
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38.62%
Company Performance
Financial values in the chart are available after Dewan Farooque Spinning Mills Limited report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency PKR. Absolute financial data is included in the purchased report.
Net sales revenue
-51.53%
Total operating revenue
-39.33%
Operating profit (EBIT)
-16.88%
EBITDA
-52.81%
Net Profit (Loss) for the Period
9.13%
Total assets
-6.33%
Total equity
-16.34%
Operating Profit Margin (ROS)
-54.7%
Net Profit Margin
-40.56%
Return on Equity (ROE)
-0.8%
Debt to Equity Ratio
4.7%
Quick Ratio
-0.05%
Cash Ratio
-0%

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