HONDA ATLAS CARS (PAKISTAN) LIMITED Company Profile
Honda Atlas Cars (Pakistan) Limited is a joint venture between Honda Motor, Japan, and the Atlas Group, Pakistan. The
Company was incorporated on November 04, 1992 and listed on Pakistan Stock Exchange Limited.
The joint venture agreement was signed on August 05, 1993. The groundbreaking ceremony was held on April 17, 1993, and within a record time of 11 months, the construction and erection of machinery were completed. The first car rolled off the assembly line on May 26, 1994. The official inauguration was honored by the then President of Pakistan, Late Sardar Farooq Ahmad Khan Leghari. Mr. Nobuhiko Kawamoto, President of Honda Motor, Japan, and the late Mr. Yusuf H. Shirazi; Founder of Atlas Group were also present to grace the occasion. The Company enlisted on then Karachi & Lahore Stock Exchanges (now Pakistan Stock Exchanges) and Initial Public Offer (IPO) was made in November 1994.
On July 14, 1994, car booking started at six dealerships in Karachi, Lahore, and Islamabad. Since then, the dealership network has expanded and now the Company has 37 3S (Sales, Service, and Spare Parts), 17 2S (Service and Spare Parts), and 5 1S (Spare Parts) authorized dealer-
ships in Pakistan. All dealerships are constructed in accordance with the standards defined by Honda the world over.
The Company started production in 1994, with the launch of the 5th generation of the Honda Civic in Pakistan. Later on, the Company enriched the product line with the launch of Honda City in 1997 and Honda BR-V in 2017. The Company consistently increased production with the progress of the car market and to meet the growing customer demand. A major plant expansion was done in 2006 and the production capacity was increased to 50,000 units/ year.
The percentage of local parts conforms to the Government's policy. Local vendors are continuously patronized to develop parts locally. The quality of local parts is thoroughly checked to meet the stringent international standards of Honda.
Honda always strives to give outstanding service to our valued customers. In addition to providing regular services, the Company also regularly conducts Service Campaigns to facilitate the valued customers. This has given the customers absolute confidence in Honda cars which is clearly evident from the ever-increasing sale volumes.
It is the constant endeavor of Honda Atlas Cars (Pakistan) Limited to achieve No.1 Customer satisfaction. The Company is committed to meeting customer expectations and providing good value for money. The Company believes that human beings are born to think, create and express their individuality, thus realizing their hopes and dreams. Honda strives to attract individuals who share this belief and who respect one another's individuality. The Company pursues to foster an atmosphere of mutual trust
- fairness in which our associates are able to realize their potential and create new value for society by following the Honda Philosophy.
Currently, the Company is offering imported models of Honda Accord and Honda CR-V and locally manufactured Honda BRV, Honda City (6th generation), and Honda Civic (11th generation). With the launch of new Honda Civic this year, the Company has introduced 'Honda Sensing' first time in Pakistan which provides the additional safety & driving comfort.
In March 2022, Company celebrated the rollout of 500,000 vehicles in Pakistan. This outstanding achievement is a sign of trust of customers on the Company's product.
Contents
Management / Company's Structure
04 Vision Statement
- Company Information
- Board of Directors
- Key Management
- Organization Chart
- Corporate Governance (Organization Structure)
- Business Principles
- Honda Philosophy
- Chronicle of Events
Information & Review Reports
28 Pattern of Shareholding
- Investor Relations Information
- Significant Events
- Chairman's Review
- Directors' Report
- Statement of Compliance with Listed Companies (Code of Corporate Governance) Regulations, 2019
- Independent Auditor's Review Report
- Significant Highlights
Financial Analysis
- Revenue Application
- Value Added and its Distribution
- Financial Highlights
- Horizontal Analysis
- Vertical Analysis
Auditor's Report & Financial Statements
- Independent Auditor's Report
- Statement of Financial Position
- Statement of Profit or Loss
- Statement of Comprehensive Income
- Statement of Changes in Equity
- Statement of Cash Flows
- Notes to and Forming Part of the Financial Statements
Notice of Meeting and Reports
- Notice of Annual General Meeting
- Honda Dealers' Network
- Directors' Report (Urdu)
- Chairman's Review (Urdu)
- Form of Proxy
Drive to a Greener Future
Management / | Information & | 3 Financial Analysis | 4 | Auditor's Report & | 5 | Notice of Meeting / |
1 Company's Structure | 2 Review Reports | Financial Statements | Reports |
Vision Statement
Striving to be a Company that society wants to exist by sharing joys with people throughout the world.
Creating products that maximize the joy of customers with speed, affordability and low CO2.
Management / | Information & | 3 Financial Analysis | 4 | Auditor's Report & | 5 | Notice of Meeting / |
1 Company's Structure | 2 Review Reports | Financial Statements | Reports |
4 | Annual Report 2022 | Drive to a Greener Future | 5 | ||
Management / | Information & | 3 Financial Analysis | 4 | Auditor's Report & | 5 | Notice of Meeting / | Management / | Information & | 3 Financial Analysis | 4 | Auditor's Report & | 5 | Notice of Meeting / |
1 Company's Structure | 2 Review Reports | Financial Statements | Reports | 1 Company's Structure | 2 Review Reports | Financial Statements | Reports |
Company Information
Board of Directors | Audit Committee | Human Resource and | Head of Internal Audit | Auditors | Factory |
Mr. Aamir H. Shirazi | Mr. Muhammad Naeem Khan | Remuneration Committee | Mr. Imran Farooq | M/s A. F. Ferguson & Co. | 43 Km, Multan Road, |
Chairman | Chairman | Mr. Muhammad Naeem Khan | Chartered Accountants | Manga Mandi, Lahore, Pakistan. | |
Mr. Takafumi Koike | Mr. Saquib H. Shirazi | Chairman | Bankers | Legal Advisor | Tel: +92 42 35384671-80 |
President / CEO | Member | Mr. Saquib H. Shirazi | Fax: +92 42 35384691-92 | ||
Mr. Saquib H. Shirazi | Mr. Eihiko Sato | Member | Allied Bank Limited | Cornelius, Lane & Mufti | E-mail: info@honda.com.pk |
Director & Senior Advisor | Member | Mr. Takafumi Koike | Citibank N.A. | Bukhari Aziz & Karim | |
Regional Offices | |||||
Mr. Katsumi Kasai | Mr. Gaku Nakanishi | Member | Deutsche Bank AG | ||
Executive Director / VP (P) | Member | Mr. Katsumi Kasai | Faysal Bank Limited | Registered Office | Lahore |
Mr. Eihiko Sato | Executive Committee | Member | Habib Bank Limited | 1-Mcleod Road, Lahore, Pakistan. | Asia House, |
Director | Mr. Eihiko Sato | MCB Bank Limited | 19-C&D, Block L, Gulberg III, | ||
Tel: +92 42 37225015-17 | |||||
Mr. Gaku Nakanishi | Member | Meezan Bank Limited | Main Ferozepur Road. | ||
Mr. Takafumi Koike | Fax: +92 42 37233518 | ||||
Director | Mr. Maqsood-ur-Rehman Rehmani | National Bank of Pakistan | Tel: +92 42 35694851-53 | ||
Mr. Muhammad Naeem Khan | Company Secretary & Vice President | Soneri Bank Limited | Fax: +92 42 35694854 | ||
Mr. Katsumi Kasai | |||||
Independent Director | Mr. Maqsood-ur-Rehman Rehmani | Standard Chartered Bank (Pakistan) | Karachi | ||
Limited | |||||
Mr. Ariful Islam | 5th floor, | ||||
United Bank Limited | |||||
Independent Director | Chief Financial Officer | Tower-A, Technology Park, | |||
Ms. Rie Mihara | Mr. Hamood-ur-Rahman Qaddafi | Shahrah-e-Faisal, | |||
Independent Director | Tel: +92 21 32785411-1 | ||||
6 | Annual Report 2022 | Drive to a Greener Future | 7 | ||
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Honda Atlas Cars (Pakistan) Limited published this content on 07 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 June 2022 08:31:04 UTC.
