Page 194 - InterloopAnnualReport2020

NOTES TO THE UNCONSOLIDATED

FINANCIAL STATEMENTS

For the year ended June 30, 2020

Common Directorship Address
Basis of / Percentage of and Country
Company Name Relationship shareholding of Incorporation

IL Apparel (Pvt) Limited Subsidiary 100.00% Al–Sadiq Plaza, P–157, Railway
Road, Faisalabad, Pakistan
IL Bangla Limited Associate 31.61% House # 267, Road # 19, New
DOHS Mohakhali, Dhaka.
Interloop Holdings (Pvt) Limited Associate Common Directors Al–Sadiq Plaza, P–157, Railway
Road, Faisalabad, Pakistan
Interloop Dairies Limited Associate Common Directors Al–Sadiq Plaza, P–157, Railway
Road, Faisalabad, Pakistan
Texlan Center (Pvt) Limited Associate Common Directors Dagonna Road, Minuwangoda,
Sri Lanka.
Shifa Medical Center Islamabad
(Pvt) Limited Associate Common Directors Shifa International Hospitals,
Sector H-8/4 Islamabad.
Momentum Logistics Associate Subsidiary of Associate Al–Sadiq Plaza, P–157, Railway
(Pvt) Limited Road, Faisalabad, Pakistan
Printkraft (Pvt) Limited Associate Subsidiary of Associate Al–Sadiq Plaza, P–157, Railway
Road, Faisalabad, Pakistan
IRC Dairy products (Pvt) Limited Associate Subsidiary of Associate Al-Sadiq Plaza, P-157, Railway
Road, Faisalabad, Pakistan
Global Veneer Trading Limited Associate N/A Bahnhofasteasse22, 6300 Zug,
Switzerland.
Eurosox Plus BV Associate N/A Constructieweg 1, 7451 PS
Holten, Netherlands
Interloop Welfare Trust Trustee N/A Al–Sadiq Plaza, P–157, Railway
Road, Faisalabad, Pakistan
Interloop Limited ESOS Trustee N/A Al–Sadiq Plaza, P–157,
Management Trust Railway Road, Faisalabad,
Pakistan
Interloop Provident Fund Trust Trustee N/A Al–Sadiq Plaza, P–157, Railway
Road, Faisalabad, Pakistan

48. UTILIZATION OF PROCEEDS FROM INITIAL PUBLIC OFFERING
The Company has carried out IPO for setting up two new projects.

– A socks knitting unit in Khurrianwala, Faisalabad, “Hosiery Division – V”.
– A denim stitching unit in Lahore, “Denim Division”.

2020 2019
(Rupees ‘000) (Rupees ‘000)
Estimated cost of these two projects is as under;
Hosiery Division – V 4,504,000 4,504,000
Denim Division 8,325,000 6,750,423
12,829,000 11,254,423

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