BSRM STEELS LIMITED

Company Profile

Corporate Information:

Corporate and Registered Address

- Ali Mansion, 1173/1207 Sadarghat Road, Chittagong.
Tel: +88 031 2854901-10, 616402, 613759, 613282
Fax: +88 031 610101; E-mail: mail@bsrm.com

Dhaka Office:
- Mahbub Castle (2nd and 4th floor), 35/A Purana Paltan Line,
Inner circular road(VIP road), Dhaka-1000.
Tel: +88 02 8311994, 8313135, 9358135
Fax: +88 02 8312905; E-mail: Dhaka@bsrm.com

Factory Address:
- 4 Fouzderhat Industrial Estate, Sitakunda, Chittagong.
Tel: +88 031 2770192-3; Fax: +88-031-2770190

Web Site: www.bsrm.com

Other Office:

Samad Mansion, Mendibag, Upashahar, Sylhet

Tel: 0821 721239; Fax: 0821 2832751
Email: sylhet@bsrm.com

Chandrima Supper Market, Airport road (Near EPZ Main gate)

Comilla. Tel: 081 71988
Fax: 081 68450; E-mail: comilla@bsrm.com

Tinmatha Rail Gate (Near to North Bengal Petrol Pump)

Puran Bogra, Bogra
Tel: 051-60792; Fax: 051-64169
E-mail: bogra@bsrm.com
Plot No. C-7, Road No.-4, Shiromoni I/A, Khulna
Tel: 041-785303; E-mail: khulna@bsrm.com
 Chandrima Supar Market, Airport Road (Near EPZ Main gate)
Comilla. Tel: 081-71988
Fax: 081-68450, E-mail: comilla@bsrm.com
Monowara Complex, 100 Shamsher Nagar, Moulvi Bazar
Tel: 0861-62986; E-mail: moulvibazar@bsrm.com

Year of Incorporation 2002

Date of commercial production 1st April, 2008

Authorized Capital BD Tk. 200.00 Crore

Issued, Subscribed and Paid up Capital BD Tk. 145.00 Crore

Share Listing Date 18th January, 2009

Board of Directors:

Mr. Alihussain Akberall Chairman

Mr. Aameir Alihussain Managing Director
Mr. Zohair Tahetali Director
Mrs. Tehseen Zohair Taheali Director
Mrs. Sabeen Aameir Director
Mr. Qazi Sarwar-E-Alam Independent Director
Management Committee:
Mr. Tapan Sengupta
Mr. Kaxi Anwar Ahmed
Mr. M. Firoze
Mr. Shekhar Ranjan Kar FCA
Mr. Mohammed Reazul kabir ACA
Mr. S. K. Das
Mr. K. M. Sufian
Mr. A.F.M. Mizanur Rahman
Mr. Sankar Roy Assistant
Mr. Abdul Gaffar Assistant
Mr. Mohammed Reazul Kabir ACA
Mr. M. Harunur Rashid
Mr. Mohammad Emarot Hossain
Mr. Moize Hussain
Mr. Tapan K. Poddar
Audit Committee:
Mr. Alihussain Akberali FCA
Mr. Zohair Taherali
Mrs. Sabeen Aamer
Mr. Qazi Sarwar- E-Alam
Key Management Personnel and Advisors:
Mr. Tapan sengupta
Mr. Kazi Anwar Ahmed
Mr. M. Firoze
Mr. Fazle Hussain Nagaria
Mr. Mohammad Emarot Hosain
Mr. Moize Hussain
Auditors:
Rahman Rahman Huq
Chartered accountants
-102, Agrabad Commerical Area,
Executive Director
General Manager
Head of Business and Product development
Head of Accounts and Finance
Chief Financial Officer
Head of Production
General Manager - Group Project Execution
General Manager - Operation and Administration
General Manager - Technical & Develop
General Manager - HR and Admin
Chief Financial Officer
Senior Manager - Commercial & Purchase
Manager Audit
Advisor, HR & ERP
FCA, FCMA Financial Consultant
Chairman
Member
Member
Independent Director
Executive director
General Manager
Head of Business and product development
Chief Officer
Manager Audit
Advisor, HR and ERP
Chittagong
Report of the Board of Directors
Company’s Affairs:

The year 2009 was very significant for the Company. The company was able to utilize up to
93% of it’s rated capacity this year. It produced 350,326 MT of finished products against
rated capacity of 375,000 MT per annum. We were also able to sell 346,399 MT of our own
production which is about 99% of production in 2009. As per world standard such level of
operation are achieved by good companies in four years of operation but we have achieved
this feat in only the second year of operation. Additionally our company has the lowest cost
of production in Bangladesh and with the management expertise and specially designed plant
we will continue to have this advantage over competitors in future.

Financial Performance:

Due to global economic downturn and socio-political situation prevailing in 2008, the
Company was forced to incur a substantial loss.
For this reason, there was a great challenge in 2009 to run the plant profitably. In fact from
the very beginning of the year the Management had under taken a well designed
comprehensive plan to meet the challenges. Without contribution from our committed
Workforce, consumers and all well-wishers it would be very hard to make our dreams into
reality.
We have earned net profit of Tk. 574.08 million in 2009. Our profit would have been much
higher but we had to use high price billets in first quarter of the year which were carried over
from the previous year. As price of billets and other inputs were reasonable throughout the
year, we were able to sell our products at a competitive price. At the beginning of the year the
rate per ton of Xtreme 500W was Tk. 54,000/- per ton which declined to Tk. 43,000/-. Per ton
by the near end of the year.
Operating Performance:

Turnover for the year 2009 was 15,843,586,337 taka. Gross Profit was 1,583,290,316
Net Profit (After Tax) was 574,084,231 taka

Financial Position: (in Taka):

Non-Current Assets 3,570,150,748

Current Assets 6,325,213,742
Total Assets 9,895,364,490
Share Capital 1,450,000,000
Term Loan 1,606,256,
Current Liabilities 8,164,118,394 7
Retained Earnings (1,325,010,389)
Net Assets Value 124,989,611
NAV Per share 8.62
Net Current Assets (1,838,904,652)
Financial Statements

1. Income statement

SOURCES OF FUNDS:
Shareholders' funds:
Share Capital 1,450,000,000 Taka
Accumulated Loss (1,325,010,389) Taka
Syndicated Term Loan 1,606,256,485 Taka

2. Balance sheet

Net current assets for the year 2009 was 1731246096 Taka.