- Group Profile
- Vision and Mission Statement
- Company Code of Conduct
Service Industries Limited (SIL) is a public limited company listed on the stock exchanges of Pakistan.
It has annual revenues of about PKR 15 billion ($150 Million) and is the largest manufacturer of footwear, tyres & tubes for two-wheelers, and has been the largest footwear exporter of the country for the last 10 years. The company employs more than 8,600 people in its facilities located in Gujrat and Muridke and exports its products in many destinations around the world. With a strong emphasis on product quality and innovation, SIL has built both domestic and international recognition of company's products.
Our manufacturing wing holds a leading market share position in Pakistan in terms of exports value and volume both. Annual revenues of our footwear division exceed USD 83 Million (Euro 62 Million) of which 45% come from exports majorly to EU countries Germany, France & Italy. Our in house manufacturing covers all aspects of shoe manufacturing value chain from model designing, cutting, stitching to lasting (injection) & finishing and downstream activities such as marketing. At present, our capacity is more than 40,000 pairs of shoes every day.
Service Industries Ltd is the pioneer in tyre & tube manufacturing in Pakistan since 1970. Specialized in manufacturing and marketing products for the masses, our main business activity is producing tyres & tubes for Motorcycle / Bicycle and footwear of different kinds. Service Industries Limited has been dealing in bicycle tyre & tube business since 1970. Manufacturing of motorcycle tyres & tubes was started in 1990. Our high quality products are swiftly and efficiently distributed through a vast distribution network are a testament to their own success. This makes us undisputed market leader in bicycle market and a holder of majority share in motorcycle tyre & tube market. We are a major supplier of tyres & tubes to Japanese motorcycles manufacturers like HONDA, YAMAHA and other local motorcycle assemblers in Pakistan. Service Industries Limited is listed as registered Company on all major stock exchanges of the country. With a work force of above 2,200 employees and approximately $67 million dollars per annum turnover, we are a low cost producer selling and growing profitably, doubling our sales every three years, and earning a fair profit for the shareholders.
The story of 'Servis' begins with a group of friends - young, energetic, fresh from college - who established Service Industries more than 50 years ago.
|We are an ISO 9001, certified company.
With customers spread across the Globe it gives us unique insight into worldwide Fashion trends. Our in house designers work closely with customers to keep a well upto date product line.
To be a result oriented and profitable Company by consistently improving market share, quality, diversity, availability, presentation, reliability and customer acceptance.
To emerge as a growth oriented ensuring optimum return and value addition to its shareholders.
To ensure cost consciousness in decision making and operations without compromising the commitment to quality.
To create an efficient resource management and conducive business environment. Evolving an effective leadership by creating a highly professional and motivated management team fully equipped to meet any challenge.
To keep abreast with modern technology and designs to optimize production and enhance brand image to attain international recognition for the Company’s product.
To set up highly ethical business standards and be a good corporate citizen, contributing towards the development of the national economy and assisting charitable causes.
Company Code of Conduct
1.1 Policy shall be applicable to the management and non management staff of Service Industries Limited at head office, plant sites and any other company establishment.
2.1 To ensure compliance to all legal requirements in letter and spirit
3. Child Labour Prohibition
3.1 At Service Industries Limited, we strongly believe in the compliance of national and international laws for elimination of child labour. No one under the age of eighteen (18) years shall be considered for employment.
4. Equal Employment Opportunity
4.1 The company strongly believes in providing Equal Employment Opportunity (EEO) without any exception ensuring that everyone has fair and equitable access to job assignment, employment conditions, training, and career development.
5.1 The Company strongly believes that all employees should be treated equally without any discrimination on the basis of;
* Race (including nationality, colour)
* Marital status
5.2 In case any employee is aggrieved of any discrimination, he / she will have the right to make a complaint to the competent authority through his Department Head who upon its receipt shall investigate the same and in the event of any veracity further action including disciplinary measure as the case may be initiated or taken in the circumstances of the case.
6.1 It is the policy of the company to ensure that none of its employees is harassed including sexual harassment or pressurized to achieve any desired objectives during the course of their employment.
6.2 In case of any complaint in this connection shall be viewed seriously by the management and necessary disciplinary action or remedial measures shall be taken accordingly without exception.
7.1 It is the policy of company to ensure harmony and coordination amongst team members. New team members are warmly welcomed and highly facilitated in order to get them up in existing teams. Old team members are also highly respected as they have proved to be role models and act as facilitators for new ones to understand the culture.
8. Information and Communication
8.1 We believe in open communication while maintaining the confidentiality wherever deemed necessary. The information flows are smooth and no hindrances as regards to bureaucracy of position/designation can disturb the flow except where considered necessary under confidentiality matters.
9.1 The company strictly discourages smoking inside the premises. We encourage our team members to quit smoking. However, in order to facilitate employees, smoking corners have been established. This is also meant for avoiding any potential hazard because of presence of flammable materials within the premises.
10. Fraud and Corruption
10.1 These two activities are highly unacceptable. Anyone found involved in any such activity like theft, embezzlement, fake attendance etc shall be dealt with strict disciplinary action.
10.2 Company shall proceed with appropriate procedure for recovery of financial loss. Any such case may be prosecuted in court of law, wherever deemed necessary.
11. Work Timings
11.1 All employees must follow the office timings according to the location.
12. Minimum Wage
12.1 No employee shall be paid less than the minimum wage fixed by the government.
13. Forced Labour
13.1 The management firmly believes in upholding the rule of law and would not indulge in any forced or bonded labour.
14. Drug-Free Workplace
14.1 The management strictly believes in maintaining a drug-free workplace. If an employee is convicted of violating a criminal drug statute, management reserves the right to take strict disciplinary action against the defaulter.
14.2 The distribution, dispensation, possession, use or presence in the body system of controlled substances and illegal drugs is prohibited at any time during working hours on company premises including company’s residential areas.
15. Possession of Arms
15.1 The Company within its premises prohibits the possession of explosives, ammunition, firearms or any other weapon or devises used to inflict injury. However, security staff is authorized to keep weapons which have been licensed and issued by the competent authority.
16. Health and Safety Guidelines
16.1 The company is responsible for meeting Federal as well as local health and safety standards and for establishing and implementing necessary measures to minimize its employees’ risk of injury or illness.
16.2 Health and safety guidelines shall be strictly followed i.e. use of Personal Protective Equipments (PPEs) wherever and whenever required. Health and safety procedures shall be developed and implemented in order to ensure complete adherence to the safety rules and regulations.
16.3 Human Resource Department will ensure that all EHS policies and procedures are communicated at all levels of Company employees.
17. Compliance of Policies
17.1 If preliminary investigation of any reported case of non-conformance to the above policy point towards infringement of the provisions of this policy, Human Resource Manager/ Inquiry Officer will conduct detailed, confidential and impartial inquiry and report the matter to the top management.
17.2 If an inquiry reveals that any provisions of the policy have been violated, Human Resource Department will take appropriate disciplinary action against the defaulters, in accordance with laws / management practices relevant to the situation.
18. Guidelines for Human Resource Department
18.1 Human Resource Manager will ensure that all executives / managers are fully conversant with the provisions of this company policy.
18.2 Head of Departments will also be responsible for ensuring compliance to these policy guidelines and any deviation of above policy guidelines shall not be acceptable.
|Corporate Social Responsibility (CSR)|
- 6 YEARS AT A GLANCE
- STOCK INFORMATION
|SERVICE INDUSTRIES LIMITED|
|SIX YEARS AT A GLANCE|
|Profit Before Tax||747||192||535||488||936||478|
|Profit After Tax||619||127||433||328||661||341|
|Share Holder's Equity||2,447||2,020||2,013||1,700||1,522||1,042|
|Property, Plant & Equipment||1,901||1,649||1,611||1,425||1,024||887|
|Net current assets||1,093||837||727||727||820||530|
|Market Value Per Share (Rs.)||545||167||195||240||266||61|
|Cash - Interim||75||-||25||75|
|Cash - Final||100||75||100||75||125||75|
Profit Before Tax
|Profit After Tax||4.22||1.05||3.75||3.48||8.60||5.33|
|Return to Shareholders|
|R.O.E -Before Tax (%)||30.54||9.53||26.56||28.71||61.49||45.91|
|R.O.E -After Tax (%)||25.31||6.30||21.53||19.30||43.42||32.70|
|E.P.S-After Tax (Rs.)||51.49||10.59||36.03||27.28||54.94||28.32|
|Price Earning Ratio||10.58||15.78||5.41||8.80||4.84||2.15|
|Sales To Total Assets||2.10||1.89||2.05||2.07||2.10||1.91|
|Sales To Fixed Assets||7.72||7.38||7.17||6.61||7.50||7.20|
|Inventory Turnover Ratio||5.27||4.98||5.81||6.04||4.85||5.56|
|Interest Coverage Ratio||3.44||1.60||3.25||3.75||6.83||3.89|
|Break-up Value per Share||203.44||167.93||167.34||141.30||126.54||86.60|
|Total Liabilities To Equity||1.86||2.18||1.80||1.67||1.40||2.21|
|Debt Equity Ratio||20:80||18:81||14:86||16:84||14:86||30:70|
It has annual revenues of about PKR 12 billion ($130 Million) and is the largest manufacturer of footwear, tyres & tubes for two-wheelers, and has been the largest footwear exporter of the country for the last 10 years. The company employs more than 6,000 people in its facilities located in Gujrat and Muridke and exports its products in many destinations around the world. With a strong emphasis on product quality and innovation, SIL has built both domestic and international recognition of company's products.
Why Work @ Service.