Foods (Private) Limited
Sep 03 - 09, 2001
Coronet Foods (Private) Limited - CFL was
incorporated in May 1995 as a 51% owned Subsidiary of English Biscuit
Manufacturers (Private)Limited - EBM, having Mr. Khawar M.Butt and Mr.
Ebrahim Qassim as other major sponsors.
The factory is situated at:
PLOT NO. 55, Road No. I
Phase III, Industrial Estate
Hattar, Haripur, N.W.F.P
CFL has an authorized share capital of Rs.100 million
divided into 10 million ordinary shares of Rs. 10/- each.
The plant was established at Hattar Industrial Trade
Estate, NWFP which has been a tax free zone. The company enjoyed Sales
Tax exemption for five years up to May 2000, and is enjoying Income Tax
exemption for eight years up to May 2003.
The principal business activity of CFL is
manufacturing and marketing of Biscuits of its own brand under the trade
name EBM Brands as well as with the brand name PEEK FREANS under license
from its parent company EBML.
The purpose of establishing CFL was to set up a new
state-of-the-art biscuit plant to provide more innovative tastes to
consumers. Another main purpose was to contribute to the national
economy by investing in under-developed area of Hattar providing
employment to many.
Rio and Butter Puff are the two major brands of CFL.
Rio, very popular among children, has emerged to beat the all-popular
Prince of LU which speaks volumes about the potential the company has.
Buffer Puff, on the other hand, has been re-launched
to make heavy waves in the market by beating all its counterparts
available in the market, including those which were hereto fore thought
to be unbeatable.
CFL started to give profits only in its third year of
operations. In its 7th year of operations, the company is going into
expansion by increasing its production capacity by 100%. This is being
done by importing a state-of-the-art plant from Italy which will enable
the company to give its consumers more innovative and hygienically
produced and packed products.
The share holding pattern of the company is:
M/s English Biscuit Manufacturers (Pvt) Limited 51.00%
Mr. Khawar M.Butt and family 31.67%
Mr. Ebrahim Qassim and family 15.83%