Annual Report

Topics: Steel, Gross profit margin, Net profit Pages: 444 (42075 words) Published: November 2, 2014
ANNUAL

REPORT

2013

CONTENTS

05 BSRM Vision

07

BSRM Values

31 Key Management
33 Chairman’s Address
the desk
37 From
of Managing Director

Group’s
11 BSRM
Milestones

&
Recognitions
13 Awards

Financial
17 Key
Highlights
Added
20 Value
Statement & EVA
and
Markets
21 Products
24 Transmittal Letter
25 Notice of 12 AGM

41

Directors’ Report

69 Sustainable Growth

Compliance Report
73 Regulatory

149 Shareholders’
Information

151 Events and Images

th

153 Glossary of Terms
154 BSRM Office Map

09 Code of Conduct

at a Glance-2013
15 Performance

and
27 Corporate
Contact Information
28 Board of Directors

155 Shareholder’s Note
Social
65 Corporate
Responsibility

Report &
80 Auditors’
Financials 2013

Form &
156 Proxy
Attendance Slip

BSRM VISION

We at BSRM group aspire to...
Maintain our leadership position in the steel industry
by producing the best quality steel products, continuously
enhancing customer satisfaction and becoming a reliable
business partner of our customers and suppliers.
Be an employer of choice, with focus on nurturing talent
and developing future leaders of the organization.
Protect the interest of our shareholders through sustainable growth and value creation.
Preserve the trust of all our stakeholders by adopting
ethical business practices.
Support the society through Corporate Social Responsibility
initiatives.

5

Diamond is basically another form of carbon, the same carbon that makes up the graphite we use in pencils to write. The difference between graphite and diamond is geologically profound, although they are made up of the same thing. Under immense pressure and heat, organic material turns to diamond, one of the hardest material on Earth. What makes it so hard is the quality of its molecular structure, that ensures its safety for a long time. That’s why, diamonds are forever!

7

CODE OF CONDUCT

9

A compass is a navigational instrument that shows directions in a frame of reference that is stationary relative to the surface of the Earth. The magnetic compass was first invented as a device for divination as early as the Chinese Han Dynasty (since about 206 BC), and paved the way for its use in navigation to keep ships safe within the routes already explored.

11

AWARDS AND
RECOGNITIONS
Best Enterprise of the year 2010
BSRM was judged the Best Enterprise of the year for 2010 by the Bangladesh Business Award hosted by the DHL-Daily Star.
D & B Corporate Awards 2010 & 2012
Dun & Bradstreet South Asia Middle East Limited (DNBSAME) awarded “D & B Corporate Awards 2010” to BSRM Steels Limited under Steel Category and ranked BSRM Steels Limited as 23rd company among Bangladesh’s Top 500 companies 2010. BSRM Steels Limited awarded in same category in 2012. DNBSAME initiated a series of corporate awards to recognize the corporate leaders of Bangladesh based on their performance and contribution to the economy.

Best Brand Awards Bangladesh 2011 & 2013
BSRM has been recognized as the best brand of Bangladesh
in the Steel Category at the Best Brand Award Bangladesh
2011 & 2013 ceremony, organized by Bangladesh
Brand Forum. After extensive research across the nation
conducted by Nielsen on 5000 in different categories,
samples to identify the winning Brands, BSRM was voted
as the best known brand in the steel category.

Pride of Chittagong-Chattagramer Ahonkar
Mr. Alihussain Akberali FCA, CIP – Chairman of BSRM Group has been recognized as one of the persons who worked and contributed to the growth of Chittagong by The Daily Purbokone & Grameen Phone for his outstanding contribution to the development of Chittagong through Industrialization.

13th ICAB National Awards
BSRM Steels Limited has received the “13 ICAB National Awards” for best presented Annual Report 2012 under the manufacturing category from the Institute of Chartered Accountants of Bangladesh...
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