Professional Documents
Culture Documents
BALANCE SHEET
Application of Fund
Gross Fixed Assets
(-) Accumulated Depreciation
Net Fixed Assets
Capital work-in-prograss (Decoration)
Intangible & Other Fictitious Assets
Intercompany Investment (Short term)
Inventories, WIP, On-going projects, Stocks and Spares
Advance, Deposits & Prepayments
Other Current Assets (Security Deposit, LC Margin, Advance Tax, VAT)
Def. Revenue Exp
A/C Receivables/Debtors/Bills Receivables
Land lease from WDB
Cash, Bank Balance & Equivalents
Current Assets
Total Assets
Source of Fund
Authorized Capital
Paid Up Capital
Tax Holiday Reserve/ Provission for Income Tax
Share Money Deposits
General Reserve
Proposed Stock Dividend
Retained Earnings/(Loss Carried Forward)
Revaluation Reserve
Shareholders' Equity
Loan from Directors
Long Term Loan/CC
Lease Finance
Total Long Tem Loan
OD/Pre-shipmennt Investment/PC/Other Short Term Loan
Loan for Import and Duty
Loan Against Trust Receipts
Other Short Term Loan
Borrowed from others
Dues/Liabilities with Associated Company/
Current Accounts (in case of Proprietorship)
Proposed & Unclaimed Dividend
WPPF
Discounted Export Bills Receivables
Provisions for Tax, Expenses & Contingencies
Advance from Buyers
Creditors for Other Expenses/ Accrued Expenses
A/C Payables/Creditors for Suppliers
Current Liabilities
Total Liabilities
Total Liabilities & Equity
Asset Liability Mismatch
Summary - Balance Sheet (for Ratio)
Avg. Total Assets
Avg. Shareholders Equity
Avg. Inventory
Avg. A/C Receivables
Total Payables
Avg. Payables
Total Borrowed Fund
Capital Expenditure (CapEx)
Current Assets
Quick Assets
Net Working Capital
Calculation of Changes in Net Working Capital for Cash Flow
Changes in Invenotry
Changes in Receivables
Changes Advance, prepayments
Total Changes in Current Assets arises from operation
Changes in Accrued Expenses
Changes in A/C Payables
Total Changes in Current Liabilities arises from operation
Changes in Net Working Capital
Year 1
2009
22.7
0.7
22.04
0.00
0.04
0.00
279.37
3.25
0.00
0.00
12.68
0.00
3.84
299.14
321.22
Year 2
2010
61.7
3.3
58.43
0.00
0.04
0.00
53.72
0.04
0.21
0.00
1.55
0.00
3.08
58.60
117.06
Year 3
2011
68.6
3.2
65.44
0.00
0.04
0.00
8.34
105.73
0.21
0.00
59.52
3.38
49.51
226.69
292.17
Year 4
2012
92.5
4.6
87.85
0.00
0.04
0.00
376.27
54.20
0.21
0.00
527.78
2.73
65.53
1026.71
1114.60
Year 5
2013
93.1
3.3
89.87
0.00
0.04
0.00
462.93
26.55
0.21
0.00
32.04
0.00
3.46
525.18
615.10
2009
50.00
2010
50.00
2011
50.00
2012
50.00
2013
50.00
5.00
0.00
0.00
0.00
-5.54
0.00
-0.54
5.00
0.00
0.00
0.00
0.00
57.18
0.00
62.18
5.00
0.00
0.00
0.00
0.00
96.00
0.00
101.00
5.00
0.00
0.00
0.00
0.00
52.98
0.00
57.98
5.00
0.00
0.00
0.00
0.00
86.82
91.82
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
321.44
0.00
53.24
0.00
0.00
0.00
190.75
0.00
0.00
0.00
0.00
934.52
0.00
0.00
0.00
0.00
298.61
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.26
321.70
321.70
321.17
0.00
0.00
0.00
1.64
0.00
54.88
54.88
117.06
0.00
0.00
0.00
0.00
0.00
0.00
0.43
0.00
191.18
191.18
292.18
0.00
0.00
0.00
0.00
0.00
48.17
0.51
73.43
1056.62
1056.62
1114.60
0.00
0.00
0.00
0.00
0.00
101.03
0.45
123.19
523.28
523.28
615.10
0.05
0.00
0.00
0.00
0.00
2009
321.2
-0.5
279.4
12.7
0.3
0.3
321.4
5.8
299.1
19.8
-22.6
2010
219.1
30.8
166.5
7.1
1.6
1.0
53.2
39.7
58.6
4.9
3.7
2011
204.6
81.6
31.0
30.5
0.4
1.0
190.8
10.2
226.7
218.3
35.5
2012
703.4
79.5
192.3
293.6
73.9
0.0
934.5
27.0
1026.7
650.4
-29.9
2013
864.8
74.9
419.6
279.9
123.6
98.8
298.6
8.6
525.2
62.3
1.9
2009.0
3.3
3.3
0.0
0.3
0.3
2010.0
225.7
11.1
3.2
240.0
1.6
-0.3
1.4
2011.0
45.4
-58.0
-105.7
-118.3
-1.2
0.0
-1.2
2012.0
-367.9
-468.3
51.5
-784.6
0.1
73.4
73.5
2013.0
-86.7
495.7
27.7
436.7
-0.1
49.8
49.7
3.5
241.4
-119.5
-711.1
486.4
Year 1
2009
109.41
98.44
10.97
6.80
0.00
6.80
Year 2
2010
459.11
383.54
75.57
3.35
0.00
3.35
Year 3
2011
507.18
459.89
47.28
4.08
0.00
4.08
Year 4
2012
1529.28
1444.30
84.98
20.50
0.00
20.50
Year 5
2013
845.58
718.84
126.74
10.46
0.00
10.46
INCOME STATEMENT
Revenue
Cost of Goods Sold
Gross Profit
Admin & Office Expenses
Selling and Marketing Expenses
Operating Expenses
4.17
9.83
0.12
0.00
0.00
-5.54
0.00
-5.54
72.22
9.85
0.36
0.00
0.00
62.73
0.07
62.66
43.21
4.57
0.91
64.49
56.29
0.95
116.28
59.81
0.22
39.55
0.73
38.82
9.15
31.38
-22.23
56.69
22.85
33.84
2009
109.41
10.97
4.17
0.68
4.85
9.83
2010
459.11
75.57
72.22
3.26
75.49
9.85
2011
507.18
47.28
43.21
3.19
46.39
4.57
2012
1529.28
84.98
64.49
0.00
64.49
56.29
2013
845.58
126.74
116.28
0.00
116.28
59.81
-5.54
62.66
38.82
-22.23
33.84
2009
(12)
109.4
2010
(12)
459.1
320%
383.5
84%
75.5
1457%
16%
62.7
14%
-1232%
2011
(9)
507.2
10%
459.9
91%
46.4
-39%
9%
38.8
8%
-38%
2012
(12)
1529.3
202%
1444.3
94%
64.5
39%
4%
-22.2
-1%
-157%
2013
(5)
845.6
-45%
718.8
85%
116.3
80%
14%
33.8
4%
-252%
98.4
90%
4.8
4%
-5.5
-5%
1.4
1.4
0.6
Profitability Ratio
(Months)
Gross profit margin (%)
Operating profit margin (%)
Net profit margin (%)
EBITDA to Avg. Assets (%)
EBITDA Margin (%)
Return on Avg. Assets (%)
Return of Avg. Equity (%)
2009
(12)
10%
4%
-5%
2%
4%
-2%
1034%
2010
(12)
16%
16%
14%
34%
16%
29%
203%
2011
(9)
9%
9%
8%
23%
9%
19%
48%
2012
(12)
6%
4%
-1%
9%
4%
-3%
-28%
2013
(5)
15%
14%
4%
13%
14%
4%
45%
2009
(12)
0.9
0.1
992.7
0.0
-0.1
-5.4
42.3
1.0
1035.9
1077.2
2010
(12)
1.1
0.1
152.2
0.1
0.0
0.1
5.7
0.9
158.5
163.2
2011
(9)
1.2
1.1
23.3
0.3
0.1
0.8
22.0
0.8
24.6
45.8
2012
(12)
1.0
0.6
61.6
0.1
0.0
-0.5
70.1
#DIV/0!
48.6
#DIV/0!
2013
(5)
1.0
0.1
176.1
0.0
0.0
0.0
120.8
50.2
213.1
283.7
2009
(12)
12.7
8.6
279.4
0.4
0.3
372.5
321.2
321.2
22.0
22.0
0.1
5.0
0.3
2010
(12)
7.1
64.5
166.5
2.3
1.0
402.8
117.1
219.1
58.4
40.2
0.5
11.4
2.1
2011
(9)
30.5
16.6
31.0
14.8
1.0
445.2
292.2
204.6
65.4
61.9
0.2
8.2
2.5
2012
(12)
293.6
5.2
192.3
7.5
0.0
#DIV/0!
1114.6
703.4
87.9
76.6
0.1
20.0
2.2
2013
(5)
279.9
3.0
419.6
1.7
98.8
7.3
615.1
864.8
89.9
88.9
0.1
9.5
1.0
Coverage Ratio
(Months)
Debt Service Coverage Ratio (DSCR)
Times Interest Earned
Asset Coverage Ratio
(EBITDA-CAPEX)/Interest Expense
Cash Flow Coverage
2009
(12)
2010
(12)
#DIV/0!
7.3
2.1
3.6
6.7
2011
(9)
#DIV/0!
9.4
1.5
7.9
9.2
2012
(12)
#DIV/0!
1.1
0.9
0.7
-0.4
2013
(5)
#DIV/0!
1.9
0.7
1.8
0.6
Particulars
(Months)
Total Shareholder Equity (BDT Million)
Total Asset (BDT Million)
Total Liabilities (BDT Million)
Borrowed Fund (BDT Million)
EBITDA (BDT Million)
Capital Expenditure (BDT Million)
Fund Flow from Operation (BDT Million)
Cash Flow from Operation (BDT Million)
Retained Cash Flow (BDT Million)
Free Cash Flow (BDT Million)
Ratio
Total Debt/Total Assets (x)
2009
(12)
-0.5
321.2
321.7
321.4
4.8
5.8
-4.9
2010
(12)
62.2
117.1
54.9
53.2
75.5
39.7
65.9
307.3
307.3
267.6
2011
(9)
101.0
292.2
191.2
190.8
46.4
10.2
42.0
-77.5
-77.5
-87.7
2012
(12)
58.0
1114.6
1056.6
934.5
64.5
27.0
-22.2
-733.4
-733.4
-760.4
2013
(5)
91.8
615.1
523.3
298.6
116.3
8.6
33.8
520.3
520.3
511.7
1.0
0.5
0.7
0.9
0.9
0.4
1.0
-0.1
-0.5
-600.5
-600.0
1.0
66.3
0.9
0.9
0.5
0.7
0.1
1.2
5.8
5.8
5.0
1.9
1.9
0.7
4.1
-0.1
0.2
-0.4
-0.4
-0.5
18.2
16.1
0.8
14.5
0.0
0.0
-0.8
-0.8
-0.8
5.7
3.3
0.5
2.6
0.0
0.1
1.7
1.7
1.7
2009
2010
2011
2012
2013
(12)
109.4
4.8
0.0
-0.1
0.0
0.1
1077.2
-600.5
66.3
0.0
0.0
0.4
(12)
459.1
75.5
0.2
0.1
0.3
0.1
163.2
0.9
0.7
307.3
267.6
7.3
(9)
507.2
46.4
0.1
0.1
0.2
1.1
45.8
1.9
4.1
-77.5
-87.7
9.4
(12)
1529.3
64.5
0.0
0.0
0.0
0.6
#DIV/0!
18.2
14.5
-733.4
-760.4
1.1
(5)
845.6
116.3
0.1
0.0
0.0
0.1
283.7
5.7
2.6
520.3
511.7
1.9
2009
0.04
-0.02
0.06
2010
0.16
0.29
0.09
2011
0.09
0.19
1.14
2012
2013
3.3
Year 6
2014
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
71.28
2.77
66.2
140.25
82.07
31.92
26.257
140.25
0.00
2014
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
2014
307.5
45.9
231.5
16.0
0.0
61.8
0.0
0.0
0.0
0.0
0.0
2014.0
462.9
32.0
26.5
521.5
-0.5
-123.2
-123.6
8.65
4.573
4.077
397.9
Year 6
2014
0.00
0.00
0.00
0.00
0.00
0.00
13.2
1.65
58.62
60.27
0.00
0.00
0.00
9.854
3.346
0.00
0.00
0.00
2014
0.00
0.00
0.00
0.00
0.00
0.00
115%
0.00
2014
(12)
(1.0)
#DIV/0!
(1.0)
#DIV/0!
#DIV/0!
(1.0)
2014
(12)
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
2014
(12)
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
8%
#DIV/0!
0%
6%
#DIV/0!
2014
(12)
16.0
231.5
61.8
307.5
44.9
#DIV/0!
2014
(12)
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
2014
(12)
397.9
397.9
397.9
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
2014
(12)
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
397.9
397.9
#DIV/0!
2014
#DIV/0!
Financial Performance
For Year Ended December
(9)
(12)
2011
2010
Net Sales (BDT Million)
507.18
459.11
EBITDA (BDT Million) 46.39
75.49
EBITDA Margin (%)
0.09
0.16
Net Profit Margin (%) 0.08
0.14
Return on Avg. Asset (%)
0.19
0.29
Quick Ratio (x)
1.14
0.09
Cash Conversion Cycle 45.78
(Days)
163.24
Debt to Equity (x)
1.89
0.88
Borrowed Fund to EBITDA
4.11
(x)
0.71
Cash Flow From Operation,
-77.50CFO (BDT307.29
Million)
Free Cash Flow, FCF (BDT
-87.73
Million)
267.64
EBIT/Interest (x)
9.45
7.33
(Months)
31
(12)
2009
109.41
4.85
0.04
-0.05
-0.02
0.06
1077.18
-600.47
66.29
0.00
0.00
0.42
0
0
0
0
0
0
191.179
191.179
292.177
0
-0.005
0
2011
204.618
81.589
31.032
30.535
0.426
1.033
190.753
10.23
226.687
218.343
35.508
-119.502
0
0
Year 3
2011
507.175
459.893
47.282
4.077
0
4.077
43.205
4.573
0.913
0
0
39.545
0.73
38.815
0
2011
507.175
47.282
43.205
3.189
46.394
4.573
0
38.815
0
Financial Performance
Sales (BDT Million)
Sales Growth (%)
Cost of Goods Sold (BDT Million)
CoGS as % of Sales
EBITDA (BDT Million)
EBITDA Growth (%)
EBITDA Margin (%)
Net Profit After Tax (BDT Million)
Net Profit After Tax Growth (%)
0
CAGR of Sales (FY07 to FY10)
CAGR of EBITDA (FY07 to FY10)
CAGR of Net Profit (FY07 to FY10)
0
Profitability Ratio
Gross profit margin (%)
Operating profit margin (%)
Net profit margin (%)
EBITDA to Avg. Assets (%)
EBITDA Margin (%)
Return on Avg. Assets (%)
Return of Avg. Equity (%)
0
Liquidity Ratios & Working Capital Analysis
Current ratio (x)
Quick Ratio (x)
Cash to short term liabilities (x)
Net working capital to Total Assets (x)
NWC/OI (x)
Avg. Collection Period (days)
Avg. Payment Period (days)
Avg. Inventory Processing Period (days)
Cash Conversion Cycle (days)
0
Asset Utilization Ratio
Avg. Receivable (BDT Million)
Receivable turnover ratio (x)
Avg. Inventory (BDT Million)
Inventory Turnover ratio (x)
Avg. Trade Creditors (BDT Million)
Payable Turnover ratio (x)
Total assets (TA) (BDT Million)
Avg. TA (BDT Million)
Fixed assets (FA) (BDT Million)
Avg. FA (BDT Million)
FA as percent of TA (%)
Avg. FA turnover (x)
2011
507.18
0.10
459.89
0.91
46.39
-0.39
0.09
38.82
-0.38
0.00
0.00
0.00
0.00
0
2011
9.3%
8.5%
7.7%
22.7%
9.1%
19.0%
47.6%
0
2011
1.19
1.14
0.26
0.12
0.82
22
1
25
46
0
2011
30.535
16.609628
31.032
14.81996
1.033
445.20136
292.172
204.618
65.443
61.935
0.2239879
8.188827
Financial Performance
(Months)
Net Sales (BDT Million)
EBITDA (BDT Million)
EBITDA Margin (%)
Net Profit Margin (%)
Return on Avg. Asset (%)
Quick Ratio (x)
Cash Conversion Cycle (Days)
Debt to Equity (x)
Borrowed Fund to EBITDA (x)
Cash Flow From Operation, CFO (BDT Million)
Free Cash Flow, FCF (BDT Million)
EBIT/Interest (x)
0
For Rating Matrix - Give it to Tajul Bhai
EBITDA Margin
ROA
2.4786431
0
2011
#DIV/0!
9.45
1.53
7.91
9.19
0
2011
(9)
101.00
292.17
191.18
190.75
46.39
42.00
(77.50)
(77.50)
(87.73)
0.00
0.65
1.89
1.89
0.65
4.11
0.22
(0.41)
(0.41)
(0.46)
0
2011
(9)
507.18
46.39
9.15%
7.65%
18.97%
1.14
46
1.89
4.11
(77.50)
(87.73)
9.45
0
2011
0
0
Quick Ratio
Liquidity
Avg. Collection Period
Debt/EBITDA
RCF/DBT
Debt Ratio
EBIT/Interest
DSCR
Liquidity Ratios & Working Capital Analysis
Revenue Growth
CoGS of Revenue
EBIT Growth
Inventory Days
1
0
0
0
0
0
0
0
0
0
0
0
0
Year 2
2010
61.687
3.26
58.427
0
0.042
0
53.72
0.035
0.21
1.55
0
3.08
58.595
117.064
0
2010
50
5
0
0
0
0
57.18
0
62.18
0
0
0
0
0
0
#REF!
0
0
0
0
0
0
0
1.64
Year 1
2009
22.72
0.68
22.04
0
0.042
0
279.37
3.254
0
12.676
0
3.84
299.14
321.222
0
2009
50
5
0.00425
0
0
0
-5.54
0
-0.53575
0
0
0
0
0
0
#REF!
0
0
0
0
0
0
0
0.0003
0
0.264
54.88 321.7043
54.88 321.7043
117.06 321.16855
0
0
0.004
0.05345
0
0
2010
2009
219.143
321.222
30.822125 -0.53575
166.545
279.37
7.113
12.676
1.64
0.2643
0.95215
0.2643
53.24
321.44
39.65
5.812
58.595
299.14
4.875
19.77
3.715 -22.5643
241.3707
3.5183
0
0
0
0
Year 2
Year 1
2010
2009
459.109
109.408
383.539
98.439
75.57
10.969
3.346
6.8
0
0
3.346
6.8
72.224
4.169
9.854
9.83
0.356
0.124
0
0
0
0
62.726
-5.537
0.067
0
62.659
-5.537
0
0
2010
2009
459.109
109.408
75.57
10.969
72.224
4.169
3.263
0.68
75.487
4.849
9.854
9.83
0
0
62.659
-5.537
0
0
2010
459.11
3.20
383.54
0.84
75.49
14.57
0.16
62.66
-12.32
0.00
0.00
0.00
0.00
0
2010
16.5%
15.7%
13.6%
34.4%
16.4%
28.6%
203.3%
0
2010
1.07
0.09
0.06
0.03
0.05
6
1
158
163
0
2010
7.113
64.545058
166.545
2.3029151
0.95215
402.81363
117.064
219.143
58.427
40.2335
0.4991031
11.411113
2009
109.41
0.00
98.44
0.90
4.85
0.00
0.04
-5.54
0.00
0.00
1.41
1.37
0.59
0
2009
10.0%
3.8%
-5.1%
1.5%
4.4%
-1.7%
1033.5%
0
2009
0.93
0.06
0.01
-0.07
-5.41
42
1
1036
1077
0
2009
12.676
8.6311139
279.37
0.3523607
0.2643
372.45176
321.222
321.222
22.04
22.04
0.068613
4.9640653
(12)
(12)
2011
2010
Sales
507.18
459.11
Sales growth
10.47%
319.63%
459.89
383.54
CoGS as % of Sales
90.68%
83.54%
46.39
75.49
EBITDA Margin
9.15%
16.44%
38.82
62.66
Purchase
Loan Limit
449.67
279.37
2800.00
2090.00
Loan Outstanding
600.24
720.8
Equity
101.00
62.18
Total Assets
292.17
117.06
Total Liability
191.18
54.88
Capex
10.23
Management
No Change
Shareholding Position
No Change
Rating
Entity
BBB3
Long Term
BBB3 (Lr)
Short Term
ST-3
39.65
2.0950201 0.3405993
0
0
2010
2009
#DIV/0!
0
7.33
0.42
2.10
1.00
3.64
-0.10
6.69
-0.49
0
0
2010
2009
(12)
(12)
62.18
(0.54)
117.06
321.22
54.88
321.70
53.24
321.44
75.49
4.85
65.92
(4.86)
307.29
0.00
307.29
0.00
267.64
0.00
0.00
0.00
0.47
1.00
0.88
(600.47)
0.86
(599.98)
0.45
1.00
0.71
66.29
1.24
0.00
5.77
0.00
5.77
0.00
5.03
0.00
0
0
2010
2009
(12)
(12)
459.11
109.41
75.49
4.85
16.44%
4.43%
13.65%
-5.06%
28.59%
-1.72%
0.09
0.06
163
1077
0.88
(600.47)
0.71
66.29
307.29
267.64
7.33
0.42
0
0
2010
2009
0
0
0
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(12)
2009
109.41
98.44
89.97%
4.85
4.43%
-5.54
85.252
(0.54)
321.22
321.70
5.812
2005
109.41
4.17
2006
459.11
72.22
2007
507.18
43.21
Current Assets
Current Liabilities
Working Capital
299.14
321.70
(22.56)
58.60
54.88
3.71
226.69
191.18
35.51
Total Assets
Total Liabilities
321.22
321.70
117.06
54.88
292.17
191.18
62.18
57.18
101.00
96.00
(0.54)
(5.54)
2008
-
Ratio
T1
T2
T3
T4
T5
0.27
2006
2007
2008
1.2T1 + 1.4T2 + 3.3T3 + 0.6T4 + .999T5
7.36
3.14 #DIV/0!
Private Companies
T1
T2
T3
T4
T5
Weights
Altman Z* Score
2005
2006
2007
2008
0.717T1 + 0.847T2 + 3.107T3 + 0.420T4 + 0.998T5
0.31
6.70
2.76 #DIV/0!
T1
T2
T3
T4
(0.44)
2006
2007
2008
6.56T1 + 3.26T2 + 6.72T3 + 1.05T4
6.86
3.35 #DIV/0!
2009
#REF!
(57.45)
2010
2009
+ 0.6T4 + .999T5
#DIV/0!
2009
7T3 + 0.420T4 + 0.998T5
#DIV/0!
2010
6.70
6.00
2010
4.00
2.00
2.76
0.31
2005
2006
2007
2005
2009
6.72T3 + 1.05T4
#DIV/0!
2010
2006
2007
cy Prediction Line of
Jute Mills Limited
2.76
2007
2008
2009
2007
2008
2009
Table 2
Cost structure
Month
Million BDT
RM
F.O/H
Ad.O/H
Fi. Exp.
Total
9
2011
190.2
19.0
6.9
0.1
216.2
12
2010
279.4
104.2
3.4
9.9
396.7
12
2009
85.3
13.2
6.8
9.8
115.1
Ad.O/H
3%
F.O/H
9%
2011
Fi. Exp.
0%
2010
Ad.O/H
1%
F.O/H
26%
RM
88%
2010
0%
0%
0%
0%
2009
0% 0%
2010
Ad.O/H
Fi. Exp.
3%
2009
Fi. Exp.
9%
Ad.O/H
6%
F.O/H
11%
RM
80%
2009
0% 0%
RM
85%
2008
0%
100%
100%
2007
100%
100%
Table 2
Board of Management
Name
Designation
Number of Share
% of Ownership
Position
No of Share owned
% of ownership
Name
Mr. Master Abul Kashem
Managing Director
40,000
80.0%
Chairman
10,000
20.0%
50,000
100.0%
Change of Management
Head Office
Name
Designation
Experience
Qualification
A.G.M
18 Years
H.S.C
Maneger
13 Years
B. Com (Pass)
Md. Babul
Accountant
11 Years
M. Com (Pass)
Accounts Assistant
05 Years
H.S.C
Factory/Yard Office
Experience
Qualification
Yard Maneger
20 Years
S.S.C
Md. Kabir
Accountant
02 Years
M.A.
Md. Jasim
Accounts Assistant
02 years
H.S.C
Name
Designation
Relationship with MD
Self
Wife
Table 4
Credit Exposure of HR Group (Mil. BDT), as on September 30, 2011
Name of Company
Name of Bank
Branch
Agrabad
Agrabad
EBL
Agrabad
Sanction Limit
950
31/03/2012
541.4
1320
4/7/2012
0.0
1095
30/04/2012
0.0
Bank Credit facilities of Mother Steel Limited as on September 30, 2011 (Mil. BDT)
Bank
Nature of Facility
CC (Hypo)
Funded
Funded
Sub Total
OD
Limit
Outstanding
Limit Expiry
750.0
410.2
31/05/2012
50.0
0.0
30/04/2012
800.0
410.2
Funded
60.0
0.0
Sub Total
60.0
0.0
31/05/2012
L/C
Non-funded
680.0
310.6
31/05/2012
L/C
Non-funded
550.0
0.0
30/04/2012
Sub Total
1230.0
310.6
Grand Total
2090.0
720.8
Bank Credit facilities of Mother Steel Limited as on October 31, 2012 (Mil. BDT)
Bank
Facility
(Mil. BDT)
Southeast Bank Ltd
CC(Hypo)
Demand Loan
Sub Total
30-Sep-11
31-Oct-12
Limit
Outstanding
Limit
Outstanding
680.00
310.60
1000.00
554.79
50.00
0.00
50.00
0.00
554.79
730.00
310.60
1050.00
OD
60.00
0.00
100.00
45.45
Sub Total
60.00
0.00
100.00
45.45
L/C
750.00
410.20
1100.00
0.00
L/C
550.00
0.00
550.00
0.00
1300.00
410.20
1650.00
0.00
Sub Total
2090.00
720.80
2800.00
600.24
Bank Credit facilities of Mother Steel Limited as on Novemver 30, 2013 (Mil. BDT)
Bank
Facility
(Mil. BDT)
Southeast Bank Ltd
CC(Hypo)
Demand Loan
Sub Total
OD
31-Oct-12
30-Nov-13
Limit
Outstanding
Limit
1000.00
554.79
1000.00
50.00
0.00
50.00
1050.00
554.79
1050.00
100.00
45.45
100.00
Sub Total
100.00
45.45
100.00
L/C
1100.00
0.00
1100.00
L/C
Sub Total
550.00
0.00
550.00
1650.00
0.00
1650.00
Outstanding
0.00
0.00
0.00
1490.0
720.8
600.0
0.0
Total
2090.0
720.8
Limit Expiry
31/5/2013
30/06/2013
31/5/2013
30/06/2013
31/5/2013
30/06/2013
Limit Expiry
31/5/2014
30/4/2014
31/5/2014
31/5/2014
30/4/2014
Year
Monthly Installement
Yearly Payment
2008
882000
7938000
2009
882000
10584000
2010
882000
10584000
Table
List of Suppliers
Month
karnak Holding Limited
Marianan Shipping Limited
natalia shipping Limited
Total
9
2011
0.0
0.0
423.2
423.2
12
2010
0.0
0.0
0.0
0.0
12
2009
163.9
176.4
340.3
Weight (MT)
12,270.00
5,216.00
13,651.00
BDT in Mil.
457.48
169.9
458.34
18,160.00
49,297.00
602.68
1,688.35
27090.3
76,387.30
58227.3
Breakup of Scrap Ship Imports in 2013
Vessel Name
origin
MV. Tenora
MV. Aowisdom
MV. May Jasmin
Total
Weight (MT)
7,625.00
10,431.00
8,426.00
26,482.00
BDT in Mil.
250.00
320.12
235.463
805.58
2012
Scrap
MS Plate
Ovesize, Engine, Propellers
Outfitings
Depreciation
Total
20%
60%
8%
5%
7%
100%
20%
60%
8%
5%
7%
100%
2013
Scrap
MS Plate
Ovesize, Engine, Propellers
Outfitings
Depreciation
Total
Currently Cutting ship
1,000,000.00
2012
2011
Sales
Purchase
Profit Margin
Loan Limit
Loan Outstanding
Management
Financial Statement
MV. Cherkassy
MT. Sussex
No Change
Not Avaiable
Opening
Purchase
Purchase
Total sallable cost
Closing Stock
Cost of Materials Sold
2009
85.25
13.186
98.44
Opening
Purchase
Depreciation 10%
Total sallable cost
Closing Stock
Cost of Material Sold
Opening
Purchase
Depreciation 10%
Total sallable cost
Closing Stock
Cost of Material sold
2009
175.82
188.80
364.62
279.37
85.25
8,126,000
8,215,000
16,341,000
12,522,370
3,818,630
2010
279.37
104.16
383.54
2,011
441.33
18.56
459.89
2010
279.37
0.00
279.37
0.00
279.37
2011
0.00
449.67
449.67
8.34
441.3
Price per MT in US $
1.2
1.0
0.8
0.6
0.4
0.2
0.0
Sep-09
Oct-09
Nov-09
Dec-09
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
Jan-11
Feb-11
Mar-11
Apr-11
May-11
749.4
797.62
854.24
867.4
838.22
840.42
869.39
868.1
832.68
820.99
836.74
895.28
929.65
1,034.85
1,123.30
1,208.33
1,257.14
1,268.35
1,245.10
1,279.14
1,255.67
Table
Sources of Purchase Ship
Month
Import
% of Total Cost
Total
763.5
1000000.0
Avg cost @MT
37,284.43
32,563.27
33,575.56
33,187.22
34,248.53
Beaching Date
28/03/2012
3/7/2012
27/09/2012
31/10/2012
1,000,000.00
Avg cost @MT
32,786.89
30,688.91
27,944.81
30,419.87
Total Quantity
9859.40
29578.20
3943.76
2464.85
3450.79
49297.00
Beaching Date
13/02/13
24/06/13
21/09/13
Current Sales
153,877,360.00
511,092,660.00
67,976,592.00
59,183,600.00
792,130,212.00
Current Sales
157,470,000.00
535,398,000.00
79,994,760.00
72,698,650.00
845,561,410.00
21137.0
Total Quantity
5296.40
15889.20
2118.56
1324.10
1853.74
26482.00
26245.0
2012
Scrap
MS Plate
Ovesize, Engine, Propellers
Outfitings
4,227.40
12,682.20
153,877,360.00
511,092,660.00
67,976,592.00
59,183,600.00
792,130,212.00
chase Ship
12
2010
423.2
100%
423.2
12
2009
0.0
#DIV/0!
0.0
12
2008
340.3
100%
340.3
Price per MT in US $
1.2
1.0
0.8
0.6
0.4
0.2
0.0
987.02
1,109.50
1,146.86
1,083.48
1,086.83
1,096.39
1,026.25
791.77
667.04
486.4
433.1
440.38
522.15
529.4
557.21
2008
987.0
1109.5
1146.9
1083.5
1086.8
1096.4
1026.3
791.8
667.0
486.4
433.1
440.4
Sep-09
Oct-09
Nov-09
Dec-09
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
Jan-11
Feb-11
Mar-11
Apr-11
May-11
693.21
772.39
690.82
601.95
686.79
636.42
636.56
674.33
727.6
742
754.32
793.9
798.53
775.57
764.91
774.5
865.23
884.89
935.22
1,059.01
1,171.22
1,238.57
1,248.55
1,142.23
1,123.79
1,143.44
Table
Company Information at a glancce
Name of the Company
Industrial Group
Date of establishment
Date of Incorporation
Registered Office
Yard
Nature of Business
ISO 30000:2009 Achieved
Envioronment Certificate
Table
Name of the company
SN Corporation
Kabir Steel Re-rolling Mills Limited
Ratanpur Ship Yard
PHP Group
S. Trading Company (Seema Group)
Habib Steel Mills Limited
MAK International
Rising Steel Ltd.
Asadi Steel Enterprise
Sagarika Ship Breaking Ind.
Sitalpur Steel Mills Limited
Ziri Subedar Steel Mills Limited
S.L. Ship Breaking
ARL
Mahin Enterprise
Foyzun Ship Breaking
Mabia Ship Breakers
Mother Steel Limited
on at a glancce
Total Sales
370.5
1442.1
1310.8
73.1
1359.6
235
Total Assets Total Equity Total Debt Borrowed Fund Rating Award
1069.9
2137.5
1278.2
350.1
1242.7
480.2
460.7
641.8
728.5
13.4
250
79.9
609.2
1495.7
549.7
336.7
992.7
400.3
597.1
1495.7
545.6
334.2
989.7
382.5
BB3
BBB3
BBB3
B2
ST-4
BBB3
ST-3
aniya e
Table
Details of Power Consumption in units ( amount in BDT million)
(9)
(12)
(12)
(Mil. BDT)
2011
2010
2009
Electricity
0.15
0.83
0.43
Gas
0.59
3.37
0.50
Total
0.74
4.20
0.93
Capacity Utilization
Sl No.
Name of Utility
1 Oxygen
2 Liquid Oxigen
3 L. P. G Gas
4 C. N. G Gas
5 Fuel (Diesel)
6 Wire
7 Electricity
Quantity on 2012
80000 m
21000 Liters
44000 m
35000 m
4800 Liters
4000 Liters
38000 Units
Uantity
03 nos.
02 nos.
01 nos.
Capacity
M. Ton- 100
M. Ton- 3 (per Load)
M. Ton- 50
1,000,000.00
Stock Position as on September-2013
Sl No.
Name
Weight in MT
1 6/8", 7/8" Plate
850.0
2 5/8" Plate
1300.0
3 V 5/8" Plate
1100.0
4 1/2" Plate
300.0
5 2" Plate
175.0
6 Holeplate
51.2
7 Katpitch
30.0
8 T-gurder
360.0
Rate
40000.0
40000.0
39000.0
38000.0
40500.0
39200.0
39600.0
38000.0
Amount
34.00
52.00
42.90
11.40
7.09
2.01
1.19
13.68
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
9
10
11
12
13
14
Angle Gurder
Scrap
Senel Patty
Pipe
Bruss/Copper
Uncutted
45.0
110.0
120.0
45.0
2
1500.0
5988.2
32400.0
38500.0
45000.0
45000.0
500000
32215.0
1.46
4.24
5.40
2.03
1.00
48.32
Name of party
Amount
Rajdhani Iron Mart
0.30
Master Re-Rolling Mills
81.08
Shah Amanat Enterprise
0.30
Bappi/ Mamun
23.10
Progati Oil
9.04
Joynal
0.14
Md. Iddris
0.19
Bhai Bhai Enterprise
0.10
Jamal/Selim
0.21
J. Y. Enterprise
0.12
F. Karim
8.31
Taniya Enterprise
0.30
Total
123.18
Table
List of Customer of Mother Steel Ltd.
(Months)
(Mil. BDT)
BSRM
RajDhani Iron Mart
Karnafuli Enterprise
Sha- Amanat Enterprise
Joynob Steel
A & J Corporation
A.M Six Enterprise
Jamuna Enterprise
New Sonali Enterprise
Tahin Enterprise
Others
Total
2012
BDT in Mil
Quantity in MT
Avarage price
January
February
March
5.98
0.39
0.00
126.21
9.63
0.00
0.047
0.040
2013
BDT in Mil
Quantity in MT
Avarage price
January
February
March
113.53
119.77
105.15
2499.46
2759.72
2262.47
0.05
0.04
0.05
0.5
0.18
0.09
0.04
0.05
0.09
0.02
0.02
0.00
0.01
0.26
0.25
0.61
1.00
April
May
June
July
August
September October
55.98
95.60
129.38
112.91
56.49
89.78
92.37
1033.09 2061.37
3185.85 2897.25 1453.78
2090.52
1672.78
0.054
0.046
0.041
0.039
0.039
0.043
0.055
April
May
June
July
August
September October
67.29
72.93
75.31
132.72
35.21
123.67
1475.19 1800.01
2024.67 3398.85
870.76
3629.66
0.05
0.04
0.04
0.04
0.04
0.03
0.0414
1,000,000.00
November
December
115.29
124.74
2651.50
2991.67
0.043
0.042
Total
878.89
20173.65
0.044
43566.4
November
Total
845.58
20720.78
0.0408
40808.2
December
Table
Financial High Light (Mil. BDT) as on December 31, 2010
Name of Company
Eastablished Year
Turnover 2010
Total Assets
Total Liabilities
0.0
0.0
0.0
MAK Corporation
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Total
Table
Credit Exposure of MAK Group
Name
K.S. Associated Ltd.
MAK Corporation
Master Steel Re-Rolling Mills
Bank Name
Loan Type
Limit
Outstanding
Total Equity
0.0
#DIV/0!
0.0
#DIV/0!
0.0
#DIV/0!
0.0
#DIV/0!
*N/A: Not applicable
Table
Warehouse of MSL (amount in MT)
Warehouse
Area
Capacity
Scrap Warehouse 1
5 acres
50,000 MT
Others Warehouse 2
2 acres
20,000 MT
Total
7 acres
70,000 MT
Financial Performance
2009
2010
2011
(12)
(12)
(12)
109.4
459.1
507.2
4.8
75.5
46.4
0.0
0.2
0.1
-0.1
0.1
0.1
0.0
0.3
0.2
0.1
0.1
1.1
1077.2
163.2
45.8
-600.5
0.9
1.9
66.3
0.7
4.1
0.0
307.3
-77.5
0.0
267.6
-87.7
EBIT/Interest (x)
0.4
7.3
9.4
(Months)
Net Sales (BDT Million)
Financial Performance
Year Ended December 31
(Months)
Net Sales (BDT Million)
(12)
(12)
(12)
2011
2010
2009
507.18
459.11
109.41
46.39
75.49
4.85
9.15%
16.44%
4.43%
7.65%
13.65%
-5.06%
18.97%
28.59%
-1.72%
1.14
0.09
0.06
45.78
163.24
1077.18
1.89
0.88
-600.47
4.11
0.71
66.29
-77.50
307.29
0.00
-87.73
267.64
0.00
9.45
7.33
0.42
EBIT/Interest (x)