The Companies Ordinance, 1984

(PRIVATE COMPANY LIMITED BY SHARES)

Memorandum of Association
OF

AL QAIM TEXTILE MILLS (PRIVATE) LIMITED

I. The name of the Company is AL QAIM TEXTILE MILLS (PVT)

LIMITED.
REGISTERED OFFICE:
II. The registered office of the Company will be situated in the Province of
Punjab.
OBJECTIVES:
III. The objects for which the Company is established are all or any of the
following:

1. To install, textile-weaving and spinning industry and to sell such cloth

manufactured by the company in or outside Pakistan.

2. To install and set-up an industrial undertaking for sizing of all kinds of

yarn and to size yarn for its own and for other projects in Pakistan.

3. To supply yarn and other products to their relevant department or

outsourcing as per need of the company.

4. To purchase, export or import the textile related products including

raw materials like dyes, cotton, wool cotton, yarn silk, fabrics and other
relevant products as per need.

5. By the time, the business of hosiery will be carried and run and as well
as maintenance and acquire the other business related to the field as per
need and circumstances of the company.

6. To carry on the business of manufacturer, buyer, seller, importer,

exporter, commission agent, distributor, and dealer in all sorts of cotton,
yarn, fibre, Viscose staple, cloth, dyed/bleached cloth, printed cloth, made-
ups, garments, hosiery products, towels and other merchandise as
permissible under law.

7. To give our services as agent, importer, exporter, distributor,

wholesaler, retailer, commission agent to other concerns as needed for the
sake of the companies good performance.
8. To carry on the business as manufacturer, buyer, seller, importer,
exporter and dealer in plants,
Machinery, tools, equipments of all and every kinds and description and to
acquire or let on hire such things or repair or renovate the same and to put
the same to any lawful operation.

9. To borrow money from directors, Commercial Banks and Government

Financial Institutions to support the business of the company. In case of
more, debentures can also be issued and set the maturity of those
debentures. In case, mortgage and pledge techniques can also be used to
support the company and maintain its goodwill and business as well.

10. To purchase, take on lease or in exchange, hire or otherwise acquire

any land, building, easement, right, privileges, concession, patents, patent
rights, licenses, trademarks or copyrights, machinery, Plant, stock-in-trade,
and any real personal property of any kind necessary or convenient for the
purpose of business of the company.

11. To acquire and take over the assets including land, building,
easement, patents, licenses, trademarks, plants, machinery and other assets
of other businesses as per need.

12. To trade, lease and in any other manner, contract with or

dispose of the undertaking or possessions of the company or any part
thereof for such consideration as the company may think fit.

13. To open bank accounts for the banking transactions including, making,
endorsement and transferring the cheques, bills of exchange, promissory
notes, bill of lading and other negotiable instruments to run the business
operations fluently.

14. To issue and execute guarantee/guarantees for and on behalf of the

company to make safe its legal responsibility or for any associated
company incorporated under the relevant necessities of law in favour of any
banks, DFI's, financial institution or government agency and to present the
assets of the company as security to the said bank or financial institutions
and to create a charge or lien against the assets of the company making
itself liable as guarantor in the transaction of the said associated company
with the banks, DFI's or the financial Institutions/government agencies.

LIBILITIES:
IV. The liability of the members is limited.
CAPITAL OF THE COMPANY:
V. The authorized capital of the company is Rs. 100,00,000/- (Rupees Ten
Million only) divided into 100,000 ordinary shares of Rs. 100/- each with
power to increase, reduce, consolidate or otherwise re-organise the share
capital and to divide the shares of the company into different classes in
accordance with the provisions of the Companies Ordinance, 1984.
Name Father’s Nationalit Occupatio Residenti Number Signature
and CNIC Name y n al Of Shares
No. Address Taken by
Each
Subscribe
r
Khawaja Khawaja Pakistani Businessm 64-A 25,000
Naveed Rafaqat an Lawrence (Twenty
Haider Hussain Road Five
C.N.I.C # Lahore Thousands
35202- )
442254-1
Syed Syed Abid Pakistani Businessm Gulberg II 25,000
Hasssan Hussain an Lahore (Twenty
Askari Five
C.N.I.C # Thousands
35202- )
265898-1
Faisal Mohd. Pakistani Businessm C-II Johar 25,000
Idrees Ahmad an Town (Twenty
C.N.I.C # Idrees Lahore Five
35202- Thousands
458597-1 )
Tahir Mohd. Pakistani Businessm 20-Cantt 25,000
Saleem Saleem an Area (Twenty
C.N.I.C # Lahore Five
35202- Thousands
236478-1 )

Dated this day of

Witness to the above signatures: Nationality: Pakistani

Full Name: Arslan Nadeem Occupation: Advocate
High Court
C.N.I.C # 35202-789452-1 Full Address: 14-Aiwan
E Iqbal
Fahter’s Name: Iqbal Baig Lawrence
Road
Lahore, Pakistan