Today’s News of DSE

Updated – Monday, May 20, 2013 at 8.05 pm.

Trading Code: GBBPOWER
News: Normal trading of the shares of the Company will resume on 21.05.2013 after record date for EGM and AGM.
Expire Date: 2013-05-20

Trading Code: JAMUNABANK
News: Normal trading of the shares of the Company will resume on 21.05.2013 after record date.
Expire Date: 2013-05-20

Trading Code: BIFC
News: There will be no price limit on the trading of the shares of the Company on 21.05.2013 following its corporate declaration.
Expire Date: 2013-05-21

Trading Code: BIFC
News: The Board of Directors has recommended stock dividend @ 5% for the year ended on December 31, 2012. Date of AGM: 04.07.2013, Time: 10:30 AM, Venue: “Institution of Diploma Engineers, Bangladesh”, IDEB Bhaban Complex, 160/A, Kakrail, VIP Road, Dhaka. Record Date: 03.06.2013. The Company has also reported EPS of Tk. 0.16, NAV per share of Tk. 19.51 and NOCFPS of Tk. (0.23) for the year ended on December 31, 2012.
Expire Date: 2013-05-21

Trading Code: AZIZPIPES
News: (Continuation of news of AZIZPIPES): and as such has been treated accordingly by the Company. Note -15 states that Cash Credit: TK. 359,535,025: Cash credits are availed from the following Banks and are secured against hypothecation of Fixed & Floating assets i.e. on Raw materials, Work-in-process stores & spares and also personal guarantee of all Directors of the Company. Uttara Bank Ltd. amounting to Tk. 174,264,454, National Bank Ltd. amounting to Tk. 69,819,803 Dutch Bangla Bank Ltd. amounting to Tk. 115,450,768 total amounting to Tk. 359,535,025. All the above Banks have filled cases against the Company for realization of their outstanding loans which is still against the above banks for correction of accounts as well as compensation for the lapses (Cont.-6)
Expire Date: 2013-05-21

Trading Code: AZIZPIPES
News: (Continuation of news of AZIZPIPES): of the Banks in providing funds timely unsettled. The Company also filled cases against the above banks for correction of accounts as well as compensation for lapses of the Banks in providing funds timely. Since filling of the cases against the Company, the Banks neither charged any interest nor sent any demand from note/statement of interest for the period from 01-01-2012 to 31-12-2012 to the Company. In view of the above, interest has not been shown in the Company’s accounts for the said period.”(end)
Expire Date: 2013-05-21

Trading Code: AZIZPIPES
News: (Continuation of news of AZIZPIPES): liability by 10(ten) years. b) Tk. 1.00 crore paid as down payment in two installments (80 lac & 20 lac). c) Freezing of further charging of interest till full adjustment of the liability which also to be treated as waived subject full adjustment of Tk. 13,20,00,000/-. d) Rest of Tk.12.20 Crore will pay in 120 installment within 10 years. e) During the year under Audit Tk. 90.00 lac paid as yearly installment. Note -14 states that Short Term Loan: TK. 57,200,000: This amount represents conversion of short term loan (cash credit hypothecation / pledge) into segregated and blocked term loan A/C by Uttara Bank Ltd., Corporate Branch. As per understanding given by the bank this segregated amount will not attract any interest (Cont.-5)
Expire Date: 2013-05-21

Trading Code: AZIZPIPES
News: (Continuation of news of AZIZPIPES): litigation to mitigate their respective grievances and such no interest has been charged during the year against those loans. However, the Company management should take pragmatic actions to negotiate the mater as early as possible. Note-13 states that Term Loan: Tk. 84,052,750: This amount represents conversation of overdraft loan in Block Term Loan A/C by Southeast Bank Ltd. principal Branch. As per re-scheduling given by Bank this Term Loan amount will not attract any interest. As per re-scheduling arrangement vide their letter no. HO/CAD/822/2007/ dated 30th December 2007. The terms and condition is given below: a) Aziz Pipes Ltd. will repay Tk. 13,20,00,000 (thirteen crore twenty lac) for final settlement of the (Cont.-4)
Expire Date: 2013-05-21

Trading Code: AZIZPIPES
News: (Continuous of news of AZIZ PIPES): of BAS -12. (4). Deferred Revenue Expenditure & Pre-Production Expenses: During the year the Company has been amortized Tk. 500,000 and Tk. 1,000,000 against Deferred Revenue Expenditure & Pre-Production Expenses respectively. We feel that entire rest of the amount should be written off immediately. (5). Loan Fund: The Company has continuously been defaulting in payment of installment against short-term loan and cash credit from Uttara bank Ltd., Dutch Bangla Bank Ltd. and National Bank Ltd., which included in Note-13,14 & 15. The Company is under process of negotiation for restructuring with the Financial Institutions. Both the Company and Uttara Bank Ltd., Dutch Bangla Bank Ltd. and National Bank Ltd. have gone into (Cont.-3)
Expire Date: 2013-05-21

Trading Code: AZIZPIPES
News: (Continuous of news of AZIZ PIPES): the cumulative balance of retained earning stands on negative balance amounting to Tk. 435,360,454 and indebted to the extent of Tk. 629,094,385 consisting of loan fund and current liabilities. All these facts indicate significant uncertainty as to the Company’s liability to repay the liabilities. (2). Cost of Goods Sold (COGS): The Cost of Goods Sold represents 90.86% of the total turnover, which is the higher side and it was also 92.26% in the last year. In our opinion for steady profit of the Company the cost of goods sold ratio to turnover should be reduced as much as possible and also sales price of the product should be re-fixed. (3). Deferred Taxation: The company recognized no Deferred Taxation with paragraph-47 (Cont.-2)
Expire Date: 2013-05-21

Trading Code: AZIZPIPES
News: (Audit Observation): “Kazi Zahir Khan & Co.”, Auditor of the company, has given the following audit observation in the audit report of the company for the year ended 31 December 2012. “(1). Utilization of Production Capacity and ability of the Company to pay Debt: The production capacity utilization position of the Company is very poor. Total Utilization capacity of the Company is only 28.44% which was 32.81% at previous year. The management of the Company opined that the shortfall was made due to reduce demand emanated from general economic downturn & shortage of working capital. In our opinion, production capacity must be utilized at the optimum level to strengthen the financial position of the Company. Further, it is mentioned that as of 31 December, 2012 (Cont.-1)
Expire Date: 2013-05-21

Trading Code: NTC
News: (Auditors’ Qualified opinion): “Syful Shamsul Alam & Co. and A. Wahab & Co.”, Auditors of the company, have opined the following in the audit report of the company for the year ended on 31st December 2012: “(I) The company has lost physical possession on land area of 6.8 acres in Lackatoorah Tea Estate. In this connection 5 civil suits are pending in various Courts to restore the physical possession and other related matters; and “(II) Ownership of Patiya Tea Estate has not yet been transferred to NTC and legal suit is pending for ownership of Khetland of Parkul Tea Estate .”
Expire Date: 2013-05-21

Trading Code: RELIANCINS
News: The Company has informed that it has credited the bonus shares for the year ended on December 31, 2012 to the respective shareholders’ BO Accounts on May 20, 2013. The Company has also requested the concerned shareholders to collect their Cash Dividend Warrants for the year 2012 from Head Office of the Company at Shanta Western Tower (Level-5), 186 Tejgaon Industrial Area (Tejgaon-Gulshan Link Road), Dhaka-1208 during Office hours from 22.05.2013 to 27.05.2013.
Expire Date: 2013-05-21

Trading Code: DSE NEWS
News: Today’s (20.05.2013) Total Trades: 145,835; Volume: 146,951, 083 and Turnover: Tk. 4,704.51 million.
Expire Date: 2013-05-20

Trading Code: STANDBANKL
News: Al-Haj Mohammad Ayub, one of the Sponsors of the Company, has expressed his intention to sell 1,00,000 shares out of his total holding of 25,90,885 shares of the Company at prevailing market price through Stock Exchange within next 30 working days.
Expire Date: 2013-05-20

Trading Code: BEXIMCO
News: Normal trading of the shares of the Company will resume on 21.05.2013 after record date.
Expire Date: 2013-05-20

Trading Code: PURABIGEN
News: Trading of the shares of the Company will remain suspended on record date i.e., 21.05.2013.
Expire Date: 2013-05-20

Trading Code: ASIAINS
News: Normal trading of the shares of the Company will resume on 21.05.2013 after record date.
Expire Date: 2013-05-20

Trading Code: SONARBAINS
News: Trading of the shares of the Company will remain suspended on record date i.e., 21.05.2013.
Expire Date: 2013-05-20

Trading Code: SPCERAMICS
News: Normal trading of the shares of the Company will resume on 21.05.2013 after record date.
Expire Date: 2013-05-20

Trading Code: AZIZPIPES
News: Normal trading of the shares of the Company will resume on 21.05.2013 after record date.
Expire Date: 2013-05-20

Trading Code: BXSYNTH
News: Normal trading of the shares of the Company will resume on 21.05.2013 after record date.
Expire Date: 2013-05-20

Trading Code: BXPHARMA
News: Normal trading of the shares of the Company will resume on 21.05.2013 after record date.
Expire Date: 2013-05-20

Trading Code: UNIQUEHRL
News: Normal trading of the shares of the Company will resume on 21.05.2013 after record date.
Expire Date: 2013-05-20

Trading Code: CMCKAMAL
News: (Q1): As per un-audited quarterly accounts for the 1st quarter ended on 31st March 2013 (Jan’13 to March’13), the Company has reported net profit after tax of Tk. 31.78 million with basic EPS of Tk. 0.48 as against Tk. 27.01 million and Tk. 0.41 (restated) respectively for the same period of the previous year. However, considering proposed bonus share @ 15% for the year 2012, restated basic EPS will be Tk. 0.42 as on 31.03.2013 and Tk. 0.35 as on 31.03.2012.
Expire Date: 2013-05-20

Trading Code: UCBL
News: The Company has further informed that the 30th AGM of the Company will be held on 06.06.2013 at 11:30 AM at The King of Chittagong, Panchlaish, Chittagong. Other information of the AGM as announced earlier.
Expire Date: 2013-05-20

Trading Code: DSE NEWS
News: Withdrawal of Authorized Representative: CMSL Securities Limited, DSE Member No. 113, has withdrawn one of its Authorized Representatives, Mr. Mohammed Morshed, with immediate effect.
Expire Date: 2013-05-20

Trading Code: BDFINANCE
News: (Continuation of news of BDFINANCE): Date of EGM: 24.06.2013, Time: 9:30 AM, Venue: Institute of Diploma Engineers, 160/A VIP Road, Kakrail, Dhaka-1000. Record date for EGM: 02.06.2013. Another record date for entitlement of the proposed rights shares will be notified later after obtaining approval from BSEC. (end)
Expire Date: 2013-05-20

Trading Code: BDFINANCE
News: The Company has further informed that the Board of Directors of the Company has decided to raise the paid up capital of the Company by issuing Rights shares @ 3R:5 (i.e. 3 Rights shares for every 5 shares held) of Tk. 10.00 each issuing at par subject to approval of shareholders, BSEC and other Regulatory Authorities. It is pertinent to mention that the EGM held on April 21, 2013 approved Rights share@ 3R:5 of Tk. 10.00 each at par submitted to the BSEC for approval on April 24, 2013. The BSEC suggested the Company to submit fresh application for approval of Rights share, so that the shareholders entitled to have bonus shares declared for the year ended on December 31, 2012 would also be entitled to participate in the Rights share offer. (cont.)
Expire Date: 2013-05-20

Trading Code: DSE NEWS
News: (Repeat): An “Inquiry Desk” has been opened at DSE to receive information related to Capital Market operation. All concerned are requested to contact the inquiry desk on market operation related affairs for clarification when necessary. Contact: 9564601, 7175703; Ext-239/ mobile: 01713-276415.
Expire Date: 2013-05-20

Trading Code: DSE NEWS
News: (Repeat): Investors’ Awareness Program for Woman and General Investors: Dhaka Stock Exchange Ltd. offers Investors’ Awareness Program in two categories: one for the “Woman” (once per month) and the other for the “General Investors (Existing and Potentials)” to be held twice per month. For the day long program, registration is free of all charges. Interested participants are requested to contact DSE Training Academy for registration.
Expire Date: 2013-05-20

Trading Code: DSE NEWS
News: (Repeat): While making investment decision in the Capital Market, INVESTORS should not rely on any information obtained from unauthorized sources such as facebook etc.
Expire Date: 2013-05-20

Trading Code: BSEC NEWS
News: (Repeat): Investors are requested to consider the following facts at the time of making investment decision in the Capital Market: 1. Without acquiring proper knowledge, information and experience regarding different aspects and matters of Capital Market, one should not invest in the Capital Market. 2. The gain or loss, whichever comes from the investment, it belongs to you. So, well-thought of investment decision based on knowledge and fundamentals of the securities may be real assistance to you. 3. Don’t pay any heed to rumors at the time of trading shares; it may cause loss to you. Even spreading rumor is legally prohibited. (Ref.: SEC letter no. SEC/SRMIC/2010/726 dated November 23, 2010).
Expire Date: 2013-05-20

Trading Code: DSE NEWS
News: Good morning hon’ble Investors; make your investment decision based on company fundamentals, technical analysis, price level, disclosed information; and avoid rumor based speculations.
Expire Date: 2013-05-20

4 Comments

  1. Anonymous says:

    When will orion pharma ltd join in secondary market?

  2. Siddique says:

    Which shear i will invest

  3. dulal says:

    no comant

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