Aisha Steel Mills Limited (Company)

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Article Upload Date: Thu 20 Jun 2019

     
Aisha Steel Mills Limited manufactures and sells cold rolled steel coils and sheets to the industrial, engineering, and manufacturing industries in Pakistan and internationally.[1] Overview of Aisha Steel Mills The company was incorporated in 2005 and is based in Karachi, Pakistan.

Title Description
Details
Type: Steel Mills
Business Entity: Joint Venture
Share Registrar Office Tel:: (021)111-111-500 Toll Free:0800-23275
Share Registrar Office Website: Share Registrar Office
Share Registrar Office: Central Depository Company of Pakistan Share Registrar Department CDC House, 99-B, Block-B, S.M.C.H.S. Main Shahrah-e-Faisal, Karach
Email: info@aishasteel.com
Investor Service Centre: Mr. Jawwad Zamir, Mr. Mohsin Rajab Ali
Share Registrar Office Fax: (021) 34326053
Share Registrar Office Email: info@cdcpak.com
Stock Code: The stock code for dealing in Ordinary, Preferece-I and Preferece-II shares of the Company at the KSE are ASL, ASLPS and ASLCPS
In Urdu: عائشہ اسٹیل ملز لمیٹڈ
Traded As: Cold Rolled Steel Coils
Fax No: (021)34740151
Tel:: (021)32470217, 34740160
Industry: Mining & Metals
Founded: 2005
Headquarter: Arif Habib Center 1st Floor 23 M.T. Khan Road Karachi, 74000 Pakistan
Key People: Mr. Arif Habib
Product: Cold Rolled Coils (CRC)
Revenue: September 30, 2016 PKR 2,547,066,000
Profit: September 30, 2016 PKR 85,318,000
Owner: Chairman & Non - Executive Director. Mr. Arif Habib
Number of employees: 350


History

Aisha Steel Mills Limited (ASML), a Group Company of Arif Habib. ASML is a state-of-the-art cold rolling complex with a nameplate capacity of 220,000 metric tons per year. ASML is one of the largest private sector investments in the value added flat-rolled steel industry in Pakistan. It is the only Cold Rolled Coil (CRC) manufacturer in the country which is using brand new Japanese and Austrian machinery for all of its main process, ensuring best quality production of CRC in the country. ASML was incorporated in 2005, and is set to become the largest supplier of cold rolled steel coils in the country.[2] History of Aisha Steel Mill

Products

ASML produces Cold Rolled Coils (CRC) of international standards from imported Hot Rolled Coils (HRC). The CRC products will be offered to the industrial, engineering and manufacturing industry as a premium raw material for transformation into any number of value-added products for the domestic and export markets.[3] Products of Aisha Steel Mills Limited

Production Process

HRC is imported as raw material for conversion into the final product, CRC. Before processing into cold rolled steel, it is necessary to pickle the steel to eliminate the black oxide scale on the surface, subsequent to which, the Hot Rolled flat steel is cold rolled to the required final thickness at room temperature. In cold rolling, the hot rolled coil is rolled into thinner gauges of the required size through further passage in rolling stands. Cold rolled steel possesses a better surface, enhanced strength, and better dimensional characteristics than hot rolled steel. The product passes through an electrolytic cleaning line for removal of oil, iron powder and other foreign materials. The steel is then annealed, which involves slow heating and cooling to improve workability. Skin Passing is done to improve and normalize the mechanical properties and to get the specified surface finish, hardness and flatness; after which the finished product is passed through a recoiling line to adjust the width by edge trimming, coil weight by dividing a large coil into small coils to meet the requirement, inspect dimensions, surface quality, flatness, and remove defective parts and to apply rust-preventive oil.[4] Production Process

Aisha Steel Mills Limited Reports Earnings Results for First Quarter Ended September 30 2016

Aisha Steel Mills Limited reported earnings results for first quarter ended September 30, 2016. For the quarter, the company reported revenue of PKR 2,547,066,000, profit for the period of PKR 85,318,000, or PKR 0.11 per basic and diluted share, profit from operations of PKR 282,167,000 compared to the revenue of PKR 1,874,877,000, loss for the period of PKR 383,344,000, or PKR 1.66 per basic and diluted share, loss from operations of PKR 13,604,000 for the same quarter a year ago.[5] Annual Reports Earning

Shareholder InformationRegistered Office

Arif Habib Centre, 23, M.T. Khan Road, Karachi-74000, Tel: (021)32470217, 34740160, Fax No: (021)34740151, Email: info@aishasteel.com, Website: www.aishasteel.com, Share Registrar Office, Central Depository Company of Pakistan, Share Registrar Department, CDC House, 99-B, Block-B, S.M.C.H.S. Main, Shahrah-e-Faisal, Karachi, Tel: (021)111-111-500 Toll Free:0800-23275, Fax: (021) 34326053, Email: info@cdcpak.com, Website: www.cdcpakistan.com

News and Events

13-Jun-13 Aisha Steel Mills Limited Celebrates World Blood Donor Day

As part of Aisha Steel Mills Limited’s on going CSR initiatives the Company recently World Blood Donor Day a very noble cause which is celebrated worldwide every year on the 14th of June. The world-wide acknowledgement and celebration of the day serves to raise awareness of the need for safe blood and blood products and to thank voluntary unpaid blood donors for their life-saving gifts of blood. This was the first ever blood drive ever conducted at the plant;  and the response by the employees to the drive itself was stupendous which made it a resounding success. A total of 46 units of blood were collected; wherein most of our donators were first time donators; who showed their support towards this noble cause regardless of the fact that it was a full working day or the hot weather conditions.

July-13 Aisha Steel Mills Limited successfully matures its 1st capital market transaction

Aisha Steel Mills Limited successfully matures its 1st capital market transaction, 6 months Rated & Secured Sukuk Issue of PKR 500 M. Earlier this year, Aisha Steel Mills Limited Sukuk received great response from the banking and the non-bank market and was subscribed by various mutual funds and financial institutions. The instrument was issued keeping in view the dearth of Islamic assets in the Banking system. To attract potential interest from the market, the instrument was rated and was adequately secured through charge over the Company’ assets. JCR VIS Rating Agency assigned the Sukuk rating of A (Single A) denoting strong creditworthiness of the Company. Besides domestic coverage, Aisha Steel Mills Limited Sukuk has been covered by Bloomberg. Another landmark achievement for Aisha Steel Mills Limited was successfully issuing a capital market instrument in the same quarter as its COD.[6] News and Events

GROUP CSR

Arif Habib Group has been active in discharging its corporate social responsibilities in the areas of education, healthcare and community welfare. Apart from the Group’s own charitable foundation namely Arif Habib Foundation, the Group supports several noble causes in the field of health care, education, and relief activities. Some of the examples include: Memon Medical Foundation: A completely donor funded project of the Memon Health and Education Committee. Mukhtar A. Sheikh Memorial Welfare Hospital: A kidney and psychiatric treatment facility and other allied services at Multan. Fatima Fertilizer Education Society: An organization established to operate a school to meet the educational needs of Fatima Fertilizer’s employees' children. It has also started a comprehensive program of adopting the neglected government schools of the area. The Citizens Foundation: A professionally managed, non-profit organization, established to improve the dismal state of education in urban slums and rural areas of Pakistan. Arif Habib Group has allocated a 1 acre plot at Naya Nazimabad to TCF, in addition to committing to the cost of establishment and operations of the school. Lahore University of Management Sciences (LUMS): Arif Habib Group participates in LUMS National Outreach Program to sponsor undergraduate degree education for deserving students from Southern Punjab. Karachi School for Business and Leadership: Established in strategic collaboration with Cambridge University Judge Business School, KSBL aims to become a world-class graduate management school. Mr. Arif Habib, Group Chairman, is a director on the Board of Karachi Education Initiative, a non-profit organization responsible for setting up this institution. Moreover, Arif Habib Group has committed PKR 100 M towards its construction.[7] Group CSR