...Executive Summery BSRM Steel Limited, a high grade steel manufacturing company has been operating as a sister concern of BSRM Group of Companies, the most successful and highly regarded group in the steel sector of the country. The BSRM Group is known for its long exposures in all sub- sectors of steel industry since 1952 including ship breaking, scrap processing, and billet manufacturing, manufacturing of MS rod as well as in other ancillary operations. Bangladesh Steel Re- rolling Mills Limited (BSRM), the flagship company of BSRM Group was established in 1985 for automated steel re- rolling mill and has been operating successfully. In order to cater to the increased market demand, the group established BSRMS with a production capacity of 375000 M ton, per year in 2002. It is the first ever fully automated steel re- rolling plant in the country and also regarded as the largest plant in terms of capacity in the country. The product has come out under the brand name of “BSRM Xtreme 500W” round bars. Such rods are superior equipment in the construction. The project has been conceptualized by German requirements in construction. The project has been conceptualized by German Consultants “Badische Stahl Engineering (BSE)” and the complete plant & machineries have been supplied by Danieli Group, Italy- one of the three largest suppliers of equipments and plants in metal industry worldwide. It was incorporated on 20 July 2002 under the companies Act 1994 as a private...
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...urgently required to attract investors, said Alihussain Akberali, chairman of BSRM, one of the biggest industrial groups of the country. The government needs to lay the future pricing policy on market-based prices of all inputs to power projects, he said in an interview. “We gave the Board of Investment (BoI), some nine months back, four to five proposals about the problems we were facing in setting up the largest steel plant and a power project. No one from the BoI has so far called us to hear our problems nor were our applications sent to relevant departments." "How can there be industrialisation under such circumstances?� he questioned. The major chunk of foreign investment is in the export processing zones (EPZs) where labour intensive industries are being set up and which offer a platter of gas, power and tax incentives. But no importance is being given to import substitution industries, he said. “We need active support from different ministries of land, water, power, roads and highways, home and energy to help us smoothly set up the two major Tk 3,000 crore projects which will generate employment for about 1,500." "Today pillar to post, we are just groping in the dark. Of course we are used to it but at what cost to the country?" It will be impossible for foreign companies to come to the country to set up heavy industries outside the EPZs, Akberali said. Talking about his own group, the BSRM chairman said there were only 300 employees to start with and today the...
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...Issuer BSRM Steels Limited Issue Managers ■ ■ ■ Alliance Financial Services Limited South Asia Capital Limited “If you have any query about this document, you may consult issuer, issue mangers and underwriters” PROSPECTUS OF BSRM STEELS LIMITED FOR ISSUE OF 2,000,000 ORDINARY SHARES AT TK.100.00 EACH TOTALING TK.200, 000,000 Opening date for subscription November 09, 2008 Closing date for subscription November 13, 2008 For Non-Resident Bangladeshi Quota subscription closes on November 22, 2008 Managers to the issue ■ ■ ■ Alliance Financial Services Limited South Asia Capital Limited Underwriters South Asia Capital Limited Nascent Tower (2nd floor) 806/A, Agrabad C/A, Chittagong Trust Bank Limited Peoples Insurance Bhaban 36, Dilkusha C/A, Dhaka- 1000 Equity Partners Limited 9/E Motijheel C/A Dhaka- 1000 CREDIT RATING BY CREDIT RATING INFORMATION AND SERVICES LIMITED Long Term A Short Term ST-3 Entity Rating Issue date of the prospectus: October 12, 2008 The issue shall be placed in “N” Category BSRM STEELS LIMITED Corporate Head Office: Ali Mansion, 1173/1207 Sadarghat Road, Chittagong Project Site: 4 Fouzderhat Industrial Estates, Latifpur, Sitakunda, Chittagong “CONSENT OF THE SECURITIES AND EXCHANGE COMMISSION HAS BEEN OBTAINED TO THE ISSUE/OFFER OF THESE SECURITIES UNDER THE SECURITIES AND EXCHANGE ORDINANCE, 1969, AND THE SECURITIES AND EXCHANGE COMMISSION (PUBLIC ISSUE) RULES, 2006. IT MUST BE DISTINCTLY UNDERSTOOD THAT IN GIVING THIS CONSENT...
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...BSRM Steels Ltd. Work Plan for SWOT Analysis Duration: 2 months (15th February to 15th April) Project Manager: Mr. Mahmud SWOT Steps/Activities | Data Sources | Data Collection Method | Responsible Person | Working Group | Logistics Supports | Required Fund | Timeline | Remarks | Analysis of General Environment | Primary & Secondary | Survey, govt. & regulatory publications, etc. | Mr. Adnan & Mr. Masud | 4 | Transport, survey instruments, technological support. | TK. 100,000 | 15th Feb to 14th March | Info gathered from both sources. | Analysis of Industrial Environment | Secondary | SEC publications, industry competitive analysis, business journal, industrial publications etc. | Ms. Shanila& Ms. Sinthia | 3 | Company’s database access, Technological support, analyzing tools. | TK. 70,000 | 15th Feb to 14th March | | Analysis of Internal Environment | Secondary | Company profile, minutes of meetings, financial statement etc. | Mr. Muhib | 2 | Factory inspection, company’s database access, analyzing tools. | TK. 50,000 | 15th March to 31st March | | Describing 1. General OT 2. Industry OT 3. Internal SW | Secondary | Findings from external & internal environment analysis | Ms. Tahmina | 1 | Technical support, fact finding tools. | TK. 20,000 | 1st April to 14th April | Describe the findings of previous steps | Strategic Conclusion | This work plan will be taken as cornerstone of SWOT analysis of BSRM Steels...
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...Table of Contents 01 | Transmittal Letter 02 | Notice of the 8th Annual General Meeting 03 | BSRM Vision & Values 04 | BSRM Group Over the Years 05 | Company Profile Corporate Information Board of Directors Management Committee Audit Committee Key Management Personnel and Advisors Auditors 06 | Financial Highlights-2009 07 | The Product and the Pride 08 | Chairman’s Message 09 | From the Desk of Managing Director 10 | Report of the Board of Directors 11 | Report of the Audit Committee 12 | Auditors’ Report & Audited Financial Statements Auditors’ Report Balance Sheet Profit & Loss Account Statement of Changes in Equity Cash Flow Statement Notes to the Accounts 13 | Photo Gallery 14 | Form of Proxy 15 | Attendance Slip 02 03 04-05 06 07 08 09 09 09 09 10 11 13-15 17-19 21-30 31 32 33 34 35 36 37-51 52-53 55 55 Transmittal Letter 02 BSRM Steels Ltd. | annual report 2010 Notice of the 8th Annual General Meeting Notice is hereby given that the 8th Annual General Meeting of BSRM Steels Limited will be held on Sunday, the 6th June 2010 at 10:30 AM at The Institution of Engineers, Bangladesh, S. S. Khaled Road, Chittagong to transact the following business: I. To receive, consider and adopt the Audited Financial Statements of the Company for the year ended on 31st December 2009 along with Report of the Directors and the Auditors thereon. II. To consider recommendation of the Board of Directors to declare Dividend for 2009. III. To elect Directors of the Company. IV. To appoint...
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...Independent University (CIU) MARKETING MIX PROCEDURES: - A Case Study on “BSRM Xtreme 500W” Submitted to: Mr. Abu Sohel Mahmood Assistant Professor Independent Business School Chittagong Independent University Submitted by: Shaikat Saha ID: 15151009 ACKNOWLEDGEMENT I like to take the opportunity to express my sincere gratitude to those without the blessings and cooperation this report would not have been possible. First of all, I am grateful to Almighty Allah who has created all the things and make it possible to enjoy them for our good selves. He also gives me opportunity to finish this report in time. I like take the opportunity to thank my supervisor – Mr. Abu Sohel Mahmood, Assistant Professor, Independent Business School, Chittagong Independent University, for his guidance, constant and spontaneous support and constructive suggestion. Without his help this report could not have been possible. This is the way by which I can extend my heart felt thanks to the contributors of generous help I have received from many sources of BSRM Group of Companies. I like to express my tributes and gratitude to BSRM Group of Companies, Head Office, Ali Mansion, Sadarghat Road, Chittagong, Bangladesh for giving me the opportunity, appointment for discussions and collection of data from internal sources. I will never forget the contribution of all the staff and managers of BSRM Group of Companies, Head Office, Ali Mansion, Sadarghat Road, Chittagong, Bangladesh...
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...STRICTLY CONFIDENTIAL BSRM Information Memorandum for: Term Loan Facility: BDT 1,987 Million Arranger Agrani Bank Co-Arranger IDLC of Bangladesh Limited February 2006 Disclaimer This confidential Information Memorandum (IM) on BSRM Steels Limited, in connection with the proposed Syndicated Term Loan of BDT 1,987 Million has been compiled by Agrani Bank (Lead Arranger) & IDLC of Bangladesh Ltd. (Co-arranger) with a view to assisting the lenders in assessing the merits of the offer. The information, opinion and projections contained in this Information Memorandum have been supplied by the client. BSRM Steels Limited has confirmed to the Arranger & Coarranger that, to the best of its knowledge and belief and except as otherwise provided in this Information Memorandum, such information is true and fair in all material respects as at February 2006, that all such opinions are honestly held by the company, that all such projections are fair and accurate in all material respects having regard to the circumstances now prevailing and in the light of the assumptions made and that the Information Memorandum does not omit any information such that its omission would make this Information Memorandum or any information contained herein inaccurate, untrue, or misleading in any material respect. Agrani Bank & IDLC Of Bangladesh Ltd., in their role as Arranger and Co-arranger respectively have not independently verified the information, opinions or projections referred to in the IM. No...
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...Title: The analysis of Profitability and Liquidity management of Bangladesh Steel Re-Rolling Mills Limited. (The Comparative Ratio analysis of the Financial Statement between 2011 and 2012). Abstract: Liquidity and its management determines to a great extent the growth and profitability of a firm. This is because either inadequate liquidity or excess liquidity may be injurious to the smooth operations of the organization. This seeming controversy has attracted a lot of interest in the subject of liquidity management. The present study aims to reveal the Comparative analysis of liquidity and profitability of Bangladesh Steel Re-Rolling Mills Limited so that the company has to maintain this relationship while in conducting day to day operations. The results show that there is a significant impact of only liquid ratio on ROA while insignificant on ROE and EPS; the results also show that ROE is no significant effected by three ratios current ratio, quick ratio and liquid ratio while EPS is greatly affected by current ratios, quick ratios and liquid ratio. The main results of the study demonstrate that each ratio has a significant effect on the financial positions of enterprise with differing amounts and that along with the liquidity ratios in the first place. Profitability ratios also play an important role in the financial positions of enterprises. Every stakeholder has interest in the liquidity position of a company. Suppliers of goods will check the liquidity of the company...
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...Venue: 6:30 PM – 7:30 PM, Center for Business Studies(CBS) Sl | Name | Designation | Company/Profession | Contact | Email | Signature | 1 | Md. Kawnain Sakib Chy | Sr. Officer, HR | BSRM | 01755538396 | kawnain.sakib@bsrm.com | | 2 | Syed Nazrul Alam | HR Manager | GlaxoSmithKline BD. Ltd | 01711826678 | alam.s.nazrul@gsk.com | | 3 | Mohammad Alamgir | Head of HR, Admin & SHE | Heidelberg Cement Bangladesh Ltd | 01730318931 | | | 4 | Sazzad Ahmed Khan | Group HR Manager | Regency Garments Ltd | 01730027345 | | | 5 | Md. Hasnain Arafat | Sr. Officer-HR Operation | BSRM | 01755538390 | | | 6 | Mihir Kanti Nath | Assistant Officer, Admin & Personnel | Industrial Hand Protection Ltd | 01813133103 | | | 7 | Wasan Khatib | Managing Partner | Accentuasion Event & Advertising | 01670407205 | | | 8 | Khaled Hasan | Secretary, C.W.C.I | | | | | 9 | Md. Mahmud Hossain Mamun | Business Development Executive | CRISL | 01670369069 | | | 10 | Abdullah-Al-Raihan | Associate Officer | HSBC | 01195000945 | | | 11 | Rajib Chakraborty | Sr. Executive Sales & Marketing | Link3 Technologies Ltd | 01716883259 | | | 12 | Mohammedan Nazrul islam | Senior Personnel Officer | Jamuna Oil Com. Ltd | 01911018726 | | | 13 | Kawsar Ahamed | Analyst | BSRM | 01755520548 | | | 14 | MD. ABDULLAH AL MAMUN | PA to M.D. (Admin) | Kabir Group of Industries | 01717419175 | ab.mamun06@yahoo.com | | 15 | A.F.M. Abdullah | Officer – Compliance...
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...Steel Industry The Bangladesh Steel Re-Rolling Mills, commonly known as BSRM, is a Bangladeshi steel manufacturing conglomerate based in Chittagong. It was founded in 1952, when the Ismaili Africawala brothers established the first steel rolling plant in erstwhile East Bengal.[2][3][4] Products: XTREME 500W GRADE 60 STRUCTURAL SECTION SPRING STEEL BSRM was the first steel company in Bangladesh to receive ISO 9001:2000 certification. The system has been continuously modified and developed in many surveillance visits by the lead assessors and BSRM continues to develop it in a manner consistent with International Certification Practices. The company is also in the process of securing the globally acknowledged, U.K. based CARES product certification and registration. The aim of the system is to work for the consistent assurance of quality and its implementation will ensure product quality and thus customer satisfaction. Due to the nature of the industry, where in-process materials are not present, final product testing is done in a modern testing lab equipped with computerized testing machines to measure chemical and mechanical properties. Finished goods are stored in intermediate quarantine until clearance from Quality Control and then stored in the finished goods storage area ready for delivery. Product traceability is ensured through a label that shows the date of production and other information such as diameter, length, weight of bundle and grade. This quality system...
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...The Bangladesh Steel Re-Rolling Mills, commonly known as BSRM, is a Bangladeshi steel manufacturing conglomerate based in Chittagong. It was founded in 1952, when the Ismaili Africawala brothers established the first steel rolling plant in erstwhile East Bengal.[2][3][4] Products: XTREME 500W GRADE 60 STRUCTURAL SECTION SPRING STEEL BSRM was the first steel company in Bangladesh to receive ISO 9001:2000 certification. The system has been continuously modified and developed in many surveillance visits by the lead assessors and BSRM continues to develop it in a manner consistent with International Certification Practices. The company is also in the process of securing the globally acknowledged, U.K. based CARES product certification and registration. The aim of the system is to work for the consistent assurance of quality and its implementation will ensure product quality and thus customer satisfaction. Due to the nature of the industry, where in-process materials are not present, final product testing is done in a modern testing lab equipped with computerized testing machines to measure chemical and mechanical properties. Finished goods are stored in intermediate quarantine until clearance from Quality Control and then stored in the finished goods storage area ready for delivery. Product traceability is ensured through a label that shows the date of production and other information such as diameter, length, weight of bundle and grade. This quality system ensures...
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...Report on Disclosure of BASs & BFRSs By Golden Harvest Agro Industries Ltd. & Bangladesh Steel Re-Rolling Mills United International University QUEST FOR EXCELLENCE acade Report On: Golden Harvest Agro Industries Ltd. & Bangladesh Steel Re-Rolling Mills Limited Topic: Disclosure of BASs & BFRSs Course Title: Corporate Financial Reporting Course Code: AIS 4303 Submitted To: James Bakul Sarkar Assistant Professor & Deputy Director, BBA Program United International University Submitted By: Name | ID | Section | Fyaz Mahbub Rohan | 114 121 025 | A | Md. Ariful Islam | 114 121 045 | | Md. Hasan Alif | 114 121 091 | | Safayet Mustafa | 114 121 107 | | Ahmed Zubaier | 114 121 020 | | Anik Kumar Das | 114 121 064 | | Moniruzzaman Khan | 114 131 048 | | Date of Submission: 20th April 2016 Fyaz Mahbub Rohan (114 121 025): a. Front Page DesignContribution of Group Members b. Introduction c. Summary of BAS s & BFRSs d. Company Overview e. Disclosure of BAS s & BFRSs f. Conclusion g. Data Collection Md. Ariful Islam (114 121 045) a. Letter of Transmittal b. Executive Summary c. Introduction d. Summary of BAS s & BFRSs e. Disclosure of BAS s & BFRSs Md. Hasan Alif(114 121 091) a. Summary of BAS s & BFRSs b. Disclosure of BAS s & BFRSs c...
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...glorious future. Before 1971 Bangladesh did not have any steel mill and even after the liberation there were only a few steel factories in the country. In 1990s the actual development began in this sector through a revolution. During that period the building constructing agencies or developer companies came forward to build modern infrastructure. Then with the increasing demand, new investors started investing in steel or rod production. In 2012 we have almost 400 mills across the country including Dhaka, Chittagong. Although most of them are manual steel plants, 30 mills among them are automated. Many steel producing companies have gained reputation as a brand. Among them, BSRM, KSRM, Anwar Steel, AK steel, Rahim steel, Abul khayer Group are worth mentioning. Today the highest steel producing company is BSRM. They are doing business for 60 years. Their production is almost six and half lakh ton per year which meets 26% demand of the local market. Now grade 60 rods are being slowly replaced by g500 rods which a number of rolling mills in our country are now manufacturing. With g500, the real estate builders and developers can also save minimum 15% further quantity of steel than g60 but then...
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...Entrepreneur’s Background Family and academic background Aminul Islam was born in Barisal on 2nd may in 1944. He was born in a middle class family in a village named Babarkhana situated in Barisal. He is the second son of his family. He has completed his High school from Barisal zilla School in 1959 and completed his College from Barisal BM College in Science major. After that he enrolled in one of the best university in Bangladesh which is Bangladesh University of Engineering & Technology and graduated with a respectful result in 1969. Career and Experience After graduating from his university Aminul Islam did government job in 1965 and quitted in 1977 in East Pakistan Industrial Development Government Corporation (EPIEC) . From there he gained a lot of working experience and knowledge which made him to success in his business later . Business Motivation and starting One of the motivating factors was his father’s dream of his establishment in the society and another factor was after the independence of Bangladesh Aminul Islam realized that a new country has been born, therefore, a lot of construction will be needed for the development of the country and that is when he came up with the idea of Project Builders Limited. He proposed the idea to three other recent BUET graduates and they agreed to start with this new business. After the death of one of the partner and other two sold their share currently Aminul Islam is the only Managing Director...
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...1. Introduction: For volatile markets, Sir John Templeton said, “Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.†For our investment simulation project, we started out with TK. 10, 00,000 cash at our disposal which we invested in the trading of Dhaka Stock Exchange (DSE) stocks, which is a bullish market. However, investing in such a volatile market required good initial research, investment strategies, and a well-diversified portfolio .Since this was a three-phase project, some adjustments were made to offset market downturns and ultimately increase the portfolio value in our account. As the market was unpredictable, our strategies were focused on risk minimization as well as loss minimization by diversifying our portfolio & by observing other measurement tools like Sharpe ratios, Jensen alpha, correlations & others. In addition our portfolio management was not intensified into these formulas as we also considered some of our predictions about this volatile market & companies. 2. Objective: The main objective of our project is to build up strong investment strategies to cope up with this volatile market with maximizing after tax wealth. To do this we realized that diversifying our portfolio would be the best strategy & that’s why we tried to invest in more than ten industries so that downturn in one sector can be offset by the rise in another sectors stock return. Therefore, while determining our investment...
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