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Profile

Coronet 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.

Business Activity

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.

Major Brands

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.

Expansion Plans

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.

Sponsors

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%