The Company was set up and incorporated in Pakistan in June 06, 1990 as a Public Limited Company. After the public issue, it was listed at Karachi and Lahore Stock Exchanges in 1992. Present paid up capital of the Company is Pak Rs. 360,000,000/-. RTIL is a public listed textile manufacturing company with a market capitalization of PKR 1,808 Million. Listed on both KSE and LSE, the spinning company is principally engaged in the manufacture of cotton yarn and has a capacity of supplying 18 Million Kg’s of spun yarn at full production on annual basis. The company houses a captive power unit that meets all its energy requirements, given uninterrupted supply of natural gas.
The mills are located on 1.5 km Habibabad in the Kasur district, Punjab . The total covered area, which is of approximately 327,387 square feet, comprises of the factory itself, guest houses, labour colonies, warehouses and a mosque. 1,000 employees are currently working at the mills and an annual production capacity of 12,437,813 Kg of yarn is currently being achieved.
Within a short span of time, the Company has developed and grown well and has a modern spinning facility of 38,448 spindles with annual production of 12,437,813 kgs of yarn (converted to 20/1) during FY 2008.
The impressive performance of the Company in the areas of sales is tabulated below:-The company’s annual sales have averaged PKR 3 Billion per year over past three years and accumulated profits have resulted in an equity base of PKR 843 Million (as on Dec 2013). Profit before tax ending 31st December, 2013 registered PKR 152 Million (PKR 349 Million as on 30th June 2013). The company began with long-term loans and foreign credit in 1990 and now stands debt free (debt to equity ratio 0:100) as on December 31st, 2013.
The Company obtained ISO-9001:2000 certification in August 1998 and has received awards for outstanding export performance in 1999, 2000 and 2001 from the Federation of Pakistan Chambers of Commerce and Industry (FPCCI).
The Company invested Rs. 210 Million from own sources for a major BMR (balancing, modernization and replacement) effort which is likely to increase our production by about 30%. A new blow-room line has been added, with latest technologies including Trutchler Blendomate, Argus Fire System and double Loptex devices on each line. Additionally, latest Trutzchler Cards (TC-11), Reiter Drawing frames (RSD-22) and Roving Fl-16 were added to the line of state-of-art machinery. One Leopond Pozzi yarn conditioner was also added.
Since May 2008, the Company has its own power generation facility through gas based generators manufactured by Jenbacher (model JGS 420). Captive power ensures an uninterrupted power supply, necessary for the smooth operation of production facilities and consistency in yarn quality. It further reduces reliance on the electricity grid, saving on higher power costs and frequent interruptions.
The 2005-2006 financial year was a landmark in the short history of the Company. The Company increased its production capacity by 122.50% from 17,280 to 38,448 spindles. This was followed by a major BMR (Balancing, Modernization and Replacement) of the existing production facilities to create a state-of-the-art textile spinning facility. Both the old and new production units are now producing the finest quality cotton yarn and are in full production. Compact spinning is also being planned on the newly installed 21,168 spindle unit.
Performance of the Company over the years has been recognized by leading banks of the Country which are supporting the Company with long term and short term financial assistance. These include the following :-
|Serial No||Bank Name|
|1||National Bank Of Pakistan|
|2||Bank Alfalah Limited|
|3||NIB Bank Limited|
|4||Faysal Bank Limited|