RAK Ceramics (Bangladesh) Limited Brief Overview of the company:

June 13, 2018 | Author: Grand Exhaulted Masta | Category:Valuation (Finance)
DOWNLOAD PDF
Share Embed

Description

RAK Ceramics (Bangladesh) Limited (If there is any contrary information please communicate with DSE through e-mail: [email protected])
Disclaimer: The contents of this presentation are entirely based on disclosures made by the company. Therefore, DSE does not assume any responsibility on the authenticity of the facts and figures presented thereof
Brief Overview of the company: Date of Incorporation : 26 November 1998 Commencement of Business : 12 November 2000 Authorized Capital : Tk.3000.00 mn Pre-IPO Paid-up Capital : Tk. 1,855.63 mn
Details of the Issue : Description
Pre-IPO Paid up-capital Public Offering
Ordinary Shares
Offer Value In Taka
Premium Amount
Amount
185,563,500
Face Value per share 10


1,855,635,000
30,000,000
10
40
9,00,000,000
300,000,000
Paid up Capital after IPO : Particulars Pre-IPO Paid up capital IPO Paid up capital after IPO
No. of Ordinary Shares 185,563,500 30,000,000 215,563,500
Face Value (Tk.)
Capital in Taka
10 10 10
1,855,635,000 300,000,000 2,155,635,000
History of Paid-up Capital: Year
Issued, Subscribed and Paid-up Capital (M. Tk.)
Rate of Increase
Source of Paid-up Capital
2004 2005 2006 2007 2008 2009
330.00 648.40 648.40 648.40 648.40 1,296.80
96.5% –
Cash Cash and Kind Do Do Do Bonus Issue
100%
The Company has been permitted to issue further 5,588,350 ordinary shares of Taka 100 each by the Securities and Exchange Commission vide its letter no
SEC/CI/CPLC- 183/09/195 dated 27 July 2009
The company however has subdivided the face value of its ordinary share from Taka 100 to Taka 10 by passing a special resolution on the extraordinary general meeting held on 30 July 2009 and necessary amendments on the capital clause of the Memorandum and Articles of Association were done accordingly. Hence, the paid up capital of the Company comes to Taka 1,855,635,000 divided into 185,563,500 ordinary shares of Taka 10 each
Lead Issue Manager : IDLC Finance Limited Joint Issue Manager : Equity Partners Limited Auditors
: K.M. Hasan & Co. and S.F. Ahmed & Co
Executive Summary Date of Incorporation Commencement of Business Authorized Capital Pre- IPO paid-up Capital
: November 26, 1998 : 12 November 2000 : Tk.3,000 mn : Tk. 1,855.64 million
IPO size
: Tk. 300 million
Face Value
: Tk. 10
Indicative price
: Tk. 40
Nature of Business Name of the Chairman
: The Company is engaged in manufacture and sell of tiles and sanitary ware
: Dr. Khater Massaad
Managing Director
: Mr. S.A.K. Ekramuzzaman
Turn Over (sales)
: Tk.3,247.99mn for the year ended on 31.12.08. and Tk.1910.35 for last 6 (six ) month as on 30.06.09 : Tk. 286.4 mn for the year ended on 31.12.08. and Tk.142.46 for last 6 (six ) month as on 30.06.09
Profit after tax Short term and long term loan from different Banks
: Tk. 1220.45 mn
Investment in Subsidiary Companies Share Money deposit
: Tk. 362.66 mn : Tk.558.84 mn
NAV per share EPS (Basic) EPS (restated) Post IPO EPS Major Product Issue Manager Auditors
: Tk. 180.62 and restated NAV per share of Tk. 12.62 : Tk. 10.99 : Tk. 0.77 ( for last six month) and Annualized EPS of Tk. 1.54 : Tk.0.66 for last six month and Annuallized EPS of Tk. 1.32 : Tiles and sanitary ware : IDLC Finance Ltd & Equity Partners Ltd
: K. M. Hasan & Co. and S.F. Ahmed & Co
At a glance: RAK Ceramics (Bangladesh) Limited- Company Profile RAK Ceramics (Bangladesh) Limited, a UAE-Bangladesh joint venture company, was incorporated in Bangladesh on 26 November, 1998 as a private company limited by shares under the Companies Act 1994. The name of the Company was thereafter changed to its name from RAK Ceramics (Bangladesh) Private Limited to RAK Ceramics (Bangladesh) Limited on 10 June 2008, certificate issued by the Registrar of Joint Stock Companies dated 11 February, 2009. It is engaged in manufacturing and marketing of ceramics tiles, bathroom sets and all types of sanitary ware. It has started its commercial production on 12 November 2000. The commercial production of new sanitary ware plant was started on 10 January 2004. Further expansion of the existing facilities of ceramics tiles plant took place in year 2004, and for tiles and sanitary plants were in year 2007
RAK Ceramics (Bangladesh) Limited, 90% held by RAK Ceramics PSC, a company incorporated under the laws of UAE and remaining 10% owned by local investor Mr. S.A.K. Ekramuzzaman. RAK Ceramics PSC, UAE is presented by Dr. Khater Massaad as Chairman. With an annual turnover of over BDT 3248 million, within the short span of eight years RAK has firmly established itself as one of the leading manufacturer of high quality ceramic wall, floor tiles, gres porcellanato and sanitary wares products in Bangladesh
Board of Directors of the company Name
Designation
Nominated by
Chairman
N/A
Managing Director
N/A
Mr. Hamad Abdullah Al Muttawa*
Director
RAK Ceramics UAE
Mr. Abdallah Massaad*
Director
RAK Ceramics PSC, UAE
Mr. Manoj Aheeray*
Director
RAK Ceramics PSC, UAE
Dr. Khater Massaad Mr. S.A.K
Ekramuzzaman
Directors’ involvement in other organization: Name
Dr. Khater Massaad
Mr.S.A.K
Ekramuzzaman
Designation in the Company Chairman
Managing Director
Directorship/Sponsorship/Ownership with other companies
Position
RAK Pharmaceuticals Private Limited
Chairman
RAK Power Private Limited
Chairman
RAK Security and Services Private Limited
Chairman
RAK Pharmaceuticals Private Limited
Managing Director
RAK Power Private Limited
Managing Director
RAK Security and Services P Private Limited
Managing Director
M/S, Mohammaed Trading
Proprietor
Gift Village
Proprietor
M/s Ekramuzzaman
Proprietor
Kea Printing & Packaging Industries
Managing Partner
Ipsheeta Trade
Managing Partner
Mohammed Aviation Agencies
CEO
Jefs Trade International
Managing Partner
Palli Properties Pte. Limited
Managing Director
Famous Overseas Limited Sky Bird Travel Agents (Private) Limited
Chairman Director
Global Business Associates (Private) Limited
Chairman
Better Business Associates Limited
Chairman
Swiss Bangladesh Agro Fisheries (Private) Limited
Managing Director
Speed Way International (Private) Limited
Chairman
Green Planet Communications Private Limited
Chairman
Shamol Bangla Media Limited
Director
We Communicate Pte. Limited
Managing Director
Masram Agro Limited
Managing Director
Swiss – Bangladesh Cattle Private Limited
Managing Director
Rakeen Development Company (BD) Private Limited
Managing Director
Mohammed Foods & Allieds Limited
Chairman
S.M Knitting Industries Limited
Director
Source Link Limited
Chairman
Shareholding Structure: Sl
No
01 02
03 04 05 06 07
Name of the shareholder RAK Ceramics PSC, UAE
Address
P.O. Box 4714 Ras Al Khaimah, UAE Mr. S.A.K. Ekramuzzaman House # 5, Road # 1/A, Sector # 4, Uttara, Dhaka Bangladesh H.H. Sheikh Saud Bin Saqr Al P.O. Box 4714 Qassimi Ras Al Khaimah, UAE Mr. Sheikh Omar Bin Saqr Al P.O. Box 4714 Qassimi Ras Al Khaimah, UAE Mr. Sheikh Ahmed Bin Humaid P.O. Box 4714 Al Qassimi Ras Al Khaimah, UAE Mr. Hamad Abdullah Al P.O. Box 4714 Muttawa Ras Al Khaimah, UAE Dr. Khater Massaad P.O. Box 4714 Ras Al Khaimah, UAE Mr. Abdallah Massaad P.O. Box 4714 Ras Al Khaimah, UAE Mr. Manoj Aheeray P.O. Box 4714 Ras Al Khaimah, UAE Total
No. of shares subscribed 167,007,050
% of holdings 89.99
18,556,350
10.00
20
0.00001
20
0.00001
20
0.00001
10
0.000005
10
0.000005
10
0.000005
10
0.000005
185,563,500
100%

View more...

Comments

Similar documents:

Copyright © 2018 PDFShare Inc.