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P R O P L A S T I C S L I M I T E D | 2 0 2 1 A N N U A L R E P O R T
Contents
Company Profile | 2 | |
Proplastics Unique Proposition | 3 | |
Group Financial Highlights | 4-5 | |
Ratios and Statistics | 6 | |
Chairman's Statement | 7-8 | |
Corporate Governance, Directorate and Executive Committees | 9-12 | |
Audit Committee | 13 | |
Sustainability | 15 | |
Report of the Directors | 16-17 | |
Report of the Independent Auditors to the Shareholders of Proplastics Limited | 18-24 | |
Consolidated Statement of Financial Position | 26 | |
Consolidated Statement of Profit or Loss and Other Comprehensive Income | 27 | |
Consolidated Statement of Changes in Equity | 28 | |
Consolidated Statement of Cash Flows | 29 | |
Company Statement of Financial Position | 30 | |
Company Statement of Profit or Loss and Other Comprehensive Income | 31 | |
Company Statement of Changes in Equity | 32 | |
Company Statement of Cash Flows | 33 | |
Accounting Policies | 34-51 | |
Notes to the Consolidated and Separate Financial Statements | 52-88 | |
Shareholder Analysis - Consolidated Top 20 | 89 | |
Shareholder Analysis - Company Statistics | 89-91 | |
Notice to Shareholders | 92 | |
Proxy form | 93-94 | |
1
P R O P L A S T I C S L I M I T E D | 2 0 2 1 A N N U A L R E P O R T
Company Profile
Name of Company: | Proplastics Limited |
Address: | 5 Spurn Road |
Ardbennie | |
P.O. Box CY 1199 | |
Causeway | |
Harare | |
Zimbabwe | |
Telephone: | + 263 773 894 561/2 |
Cell: | +263 773 888 926 |
E-mail: | info@proplastics.co.zw |
Web: | www.proplastics.co.zw |
Description of Company: | Manufacturer of Polyvinyl |
Chloride (PVC); High- Density | |
Polyethylene (HDPE); Low | |
Density Polyethylene (LDPE) | |
Pipes and related fittings | |
Company Established: | 1965 |
Chief Executive Officer: | Kudakwashe Leo Chigiya |
E-mail: | kchigiya@proplastics.zw |
Proplastics Limited Inimitable Offering
Proplastics Limited (formerly Murray & Roberts and Masimba Industries (Private) Limited), is the only Zimbabwean plastic pipes and fittings manufacturer listed on the Zimbabwe Stock Exchange.
Proplastics Limited is Zimbabwe's leading plastic pipe manufacturer, specialising in the production of Polyvinyl Chloride (PVC), High- Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE) pipes and related fittings. The pipes are manufactured for various applications in irrigation, water and sewer reticulation, mining, telecommunications and buildingconstruction.
Proplastics Limited was established in 1965, Proplastics has over 50 yearsof experience in manufacturing complete range of plastic pipes and fittings in Zimbabwe with a significant market share in the SADC region.
Proplastics pipes and fittings are easy to install and are adapted to
- variety of conditions encountered during use. Our products are corrosion-resistant, light in weight, have zero failure rates, are energy efficient which ensures long-term performance.
We request that in your next project ''You should invest in pipe material of choice, invest in Pipe Systems That Last; invest in Proplastics PVC and HDPE pipes and fittings.''
Please watch out for cheap imitations and products made from
recycled materials and always insist on a minimum of 50 years performance guarantee on your next purchase remember ''Cheap Always Cost a Fold.''
2
P R O P L A S T I C S L I M I T E D | 2 0 2 1 A N N U A L R E P O R T
Proplastics Unique Proposition
Proplastics Cause | Top of Client's Mind. |
Proplastics Vision | Unrivalled Leadership in Plastic Piping Systems. |
Proplastics Mission | To deliver World Class Plastic Piping Systems. |
What makes us unique | Game Changing Capabilities. |
Scope of the Game | Plastic Piping Systems. |
Our Brand Expression | Pipe Systems that Last. |
Our Strategic Focus Areas | Value | Growth | Innovation | Risk. |
Our Behaviours | Learning | Caring | Performance Driven | Excellence | Team Proplastics. |
Our Values | Integrity | Respect | Leadership | Communication | Teamwork. |
3
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Proplastics Ltd. published this content on 09 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 June 2022 07:21:08 UTC.