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					for the Period		for the year Ended
					Ended June 30,		September 30,
					2005		2004
					Rupees
13.	ADMINISTRATIVE EXPENSES
	Salaries & Wages				49,500		66,000
	Fees & Subscription				32,200		50,250
	Printing & Stationery				3,500		-
	Advertisement Expenses.				10,400		-
	Insurance Exp.				16,707		208,785
	Legal and Professional Charges				20,000		-
	Staff Medical and Welfare				300		-
	Telephone and Other Expenses				2,310		-
	Repair and Maintenance				17,216		-
	Conveyance				32,634		-
	Vehicle Running and Maintenance				25,838		-
	Entertainment				28,024		-
	Auditors' Remuneration				75,000		75,000
	Miscellaneous Expenses				5,798		1,050
	Depreciation Expenses.			3.	7,252		10,998
					326,679		412,083
14.	FINANCE COST
	Mark up on Secured Loans				-		196,675
	Bank Charges				2,793		141,327
					2,793		338,002
15.	TAXATION
16.	(LOSS) PER SHARE - BASIC
	There is no dilutive effect on the basic (loss) per share of the Company which is computed as under:
	(Loss) after Taxation   (Rs)				(43,579,244)		(17,247,831)
	Average number of ordinary shares outstanding				12,123,700		12,123,700
					Rupees
	(Loss) per share-Basic and diluted				(3.59)		(1.42)
									L	A
									2986334	152878968
									194635096	50000
					Contd..8..				57830316	72082953
										878090
									255451746	225890011
										29561735
					for the Period		for the year Ended
					Ended June 30,		September 30,
					2005		2004
					Rupees
17.	TRANSACTION WITH ASSOCIATED UNDERTAKINGS
	Bridge Financing				28,648,797		41,643,405
	The company enters into transactions with related parties in the ordinary course of business at commercial terms and conditions.
18.	CAPACITY AND PRODUCTION
		Total number of spindles installed			22,848		22,848
		Total number of spindles worked			-		-
		Plant capacity of yarn after conversion into
		20/s count (in million Kgs)			6,152		6,152
		Actual production of yarn converted in 20/s Kgs			-		-
	REASON FOR SUSPENSION OF OPERATION
		The Production remain Suspended during the Period  2004-2005 under review due to repeated power break downs in winder (Balochistan) causing damage to the machinery, beside, unfavorable market conditions, unworkable prices of raw Cotton and to minimize overhead Costs. The company is in preparation to commence production activities in near future as LIEDA has given assurance to supply electricity without break and the Cotton prices are now become Conducive for viability of the project.
19.	NUMBER OF EMPLOYEES
	Average number of employees for the Period June 30, 2005 are 2  (September 30, 2004 : 2)
20.	GOING CONCERN
	The Company has incurred a net loss, after tax, of Rs.43,579,244/-, during the period ended June 30, 2005, however, as of date its Current Liabilities exceed its Current Assets by Rs. 56,952,226/-, and its total liabilities exceed its Total Assets by Rs. 29,561,735/-. Further, as mentioned in Note 1, the operations of the company are, and have been in recession for a considerable period of time. Conversely, the Management is hopeful to revive the unit, and start operations in the near future, The Government has plans to Provide Gas Connection at the mills in Winder (Balochistan), which Would contribute to substantial reduction in direct manufacturing Cost plus the withdrawal of sales tax regime to Textile sector would boost the viability of the unit tremendous reduction in cost of production for ultimate benefit of the Company and the management anticipates the adjustment of losses and turn the Unit into the Profit in the coming years for the benefits of its shareholders.
21.	RECLASSIFICATION
	Following reclassification/rearrangements have been made in the financial statements to incorporate changes in fourth Schedule of the Companies Ordinance 1984.
	Previous classification			Current Classification			Rupees
	Advances and Deposits			Loan and Advance			322,676
				Deposits and Prepayments			474,980
	Creditor, Accrued and			Trade and Other Payables			3,585,264
	Other Liabilities
					Contd..9..
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