ANNUAL REPORT 2011
BEXIMCO SYNTHETICS LIMITED
ach of our activities must benefit and add value to the common wealth of our society. We firmly believe that, in the final analysis we are accountable to each of the constituents with whom we interact; namely: our employees, our valued customers, our business associates, our fellow citizens and our Shareholders.
Corporate Headquarters : 17 Dhanmondi R/A, Road No. 2, Dhaka-1205, Bangladesh Phone : 880-2-8618220 (7 lines) E-mail : firstname.lastname@example.org Website : www.beximco.com : Kabirpur, Savar, Dhaka-1344 Phone : 880-2-7789168-70 : Kabirpur, Savar, Dhaka : July 18, 1990 : July 01, 1994 : Manufacturing & Marketing of Polyester Filament Yarn, namely Partially Oriented Yarn (POY) and Drawn Texturising Yarn (DTY). : Public Listed Company : Dhaka & Chittagong : 2,000 Million Taka : 685.473 Million Taka : 16,629 Operational Headquarters Factory Year of Establishment Commercial Production Nature of Activities
Listing Status Stock Exchange Listing Authorized Capital Paid up Capital Number of Shareholders
OPERATIONAL AND FINANCIAL HIGHLIGHTS
2011 Turnover Gross Profit Net profit before tax Net profit after tax Earnings per share Stock dividend (%) Total Assets Shareholders’ Equity 1,545,017 244,861 133,058 108,176 1.58 15.00 3,082,709 2,123,487 2010 1,009,552 133,697 30,659 27,474 0.40 15.00 2,859,699 2,015,311 Changes in 2011 Amount 535,465 111,164 102,399 80,702 1.18 223,010 108,176 % 53.04 83.15 333.99 293.74 295.00 7.80 5.37
all figures in thousand Taka except indicate otherwise.
Corporate Directories Notice of the Twenty-first Annual General Meeting Chairman’s Statement Corporate Governance Report of the Directors Five Years Statistics Value Added Statement Twentieth Annual General Meeting Auditor’s Report Statement of Financial Position Statement of Comprehensive Income Statement of Cash Flows Statement of Changes in Equity Notes to the Financial Statements Annual Report 2011
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A S F Rahman
Salman F Rahman
Board of Directors
A S F Rahman Salman F Rahman Iqbal Ahmed M A Qasem O K Chowdhury Md. Alauddin Khan Dr. Abdul Alim Khan Mohammad Asad Ullah, FCS 2 Annual Report 2011
Chairman & Managing Director Vice-Chairman Director Director Director Director Director Executive Director & Company Secretary
BEXIMCO SYNTHETICS LIMITED
17, Dhanmondi R/A, Road No. 2, Dhaka-1205
NOTICE OF THE 21ST ANNUAL GENERAL MEETING
1. 2. 3. 4. 5.
otice is hereby given that the TWENTY-FIRST ANNUAL GENERAL MEETING of the Shareholders of Beximco Synthetics Limited will be held on Saturday, the 30th June, 2012 at 2.30 p.m. at Beximco Industrial Park, Sarabo, Kashimpur, Gazipur to transact the following business:
To receive, consider and adopt the Audited Financial Statements of the Company for the year ended 31st December, 2011 together with reports of the Auditors and the Directors thereon. To elect Directors. To declare 15% Stock Dividend. To appoint Auditors for the year 2012 and to fix their remuneration. To transact any other business of the Company with the permission of the Chair. By order of the Board,
Dated : May 17, 2012 NOTES : (1) (2)
(MOHAMMAD ASAD ULLAH, FCS) Executive Director & Company Secretary
The Shareholders whose names will appear in the Share Register of the Company or in the Depository Register on the record date i.e. 21 May, 2012, will be entitled to attend at the Annual General Meeting and to receive the dividend. A member entitled to attend and vote at the General Meeting may appoint a Proxy to attend and vote in his/her stead. The Proxy Form, duly stamped, must be deposited at the Registered office of the Company not later than 48 hours before the time fixed for the meeting. Admission to the meeting room will be strictly on production of the attendance slip sent with...
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