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FINANCIAL ANALYSIS
ON

STEEL INDUSTRY

SUBMITTED BY: GROUP 6

SUBMITTED TO: MAHTAB FARUQI
SUBMISSION DATE: 28.11.12

COURSE ID: FIN 301

28 November, 2012
Ms. Mahtab Faruqui
Lecturer
BRAC Business School
BRAC University,
Dhaka

Sub: Submission of report for completion of course

Dear Madam,

With great respect we would like to inform you that we have completed the report on ‘Financial Ratio Analysis on BSRM & S. ALAM steel company’. The report focuses on the company’s overall financial report including its’ different major areas. The report, titled Financial Ratio Analysis’ has been prepared for the partial completion of the course ‘Introduction to Financial Management (FIN 301)’.

In writing this case, I have followed your instructions for report writing so as to present my views and understanding in the easiest way. However, I will be glad to clarify any discrepancy that may arise.

Thank you.

Habiba Sultana (11205001)

afra Anika (11305005)

Md.IMTIAZ HASAN(10104136)

MINHAJ UDDIN AHMED(10304042)

Acknowledgements

At first, we would like to thank the Almighty for giving us this opportunity to prepare a Financial Ratio Analysis report on BSRM & S. ALAM steel company.

Secondly we thank our Lecturer, Ms. Mahtab Faruqui for allowing us to prepare this business report.

We thank Mr. S.M. Ibrahim, Assistant Manager (Accounts), ‘BSRM’ & Md.Saiful Hasan, Accounts Officer, S. ALAM for giving us the opportunity to prepare this report and also for providing enough resources which was necessary for the completion of this report.

We also thank each of our group members for contributing in making this report successfully.

Last, but not the least, I would like to thank my friends and family for their huge support. Without their encouragement, this would not have been possible.

Executive summary

The report provides an in-depth analysis of the performance of the firms in steel industry. The steel industry has similar organizational structures like that of other manufacturing businesses. They need individual departments for management, human resource development, finance and marketing. To further analyze and evaluate about their operation, our team decided to do focus on two particular firms one of which is BSRM steels another one is S. Alam cold rolled steels.

For our research we collected primary data through an interview and secondary data through various online resources and from the annual reports. We provided information on their mission, vision and an overview on their performances. The main limitation of our report is that we didn’t have a first-experience of how they operate since we couldn’t actually visit the firms but we have interviewed them over the telephone. So we had to rely more on secondary data.

We carried out a financial ratio analysis to identify their profitability, liquidity, activity, and leverage and coverage position of the two firms. Then we interpreted those results between three consecutive years and between the two companies. Through our analysis our team members has emphasized the necessity of further attention of the companies in their leverage, coverage and activity position despite of their continuous improvements.

TABLE OF CONTENT:

Page No.

1. Chapter 1; Introduction-------------------------------------------------------------- 06

2. Chapter 2: BSRM steels Ltd---------------------------------------------------------07

3. Chapter 3: S. Alam Cold rolled steels Ltd-----------------------------------------07

4. Chapter 4: Financial Ratio Analysis-----------------------------------------------08

5. Chapter 5: Interpretation of Financial...
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