Chemical Industry of Bangladesh

1661 Words Dec 18th, 2012 7 Pages
GLOBAL HEAVY CHEMICALS LIMITED Offer Price : Tk. 20/= with premium Tk. 10/= No. of Shares : 1.20 Crore Total Amount : 24.00 Crore Subscription : 09-13 November

Bangladesh Chemical Industry at a Glance:
Bangladesh Chemical Industries Corporation (BCIC), a state owned enterprise, is the pioneer in chemical industry in Bangladesh with concentration in producing fertilizer, acids, alkali, ammonia, chlorine, paper, pulp, rayon, bleaching powder etc. However, private sectors have rather been enthusiastic in chemical and allied products namely: pharmaceutical products, paints and varnishes, edible oil processing, soaps and detergents, cosmetic and toiletries etc.

Chemicals Industries in Bangladesh belong to
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Currently GHCL is importing raw materials from India, Japan, China & Taiwan. GHCL’s main raw material is Special type of Sodium Chloride (Salt) imported from India.

Number Of Employees And Number Of Total Full-Time Employees :
The number of employees of the company at the Period ended 31-12-2011 was as follows:
Category No. of Employee
Production Employee (Engineers & Workers) 344
Sales & Distribution Employees 40
Administrative Employees 26
Total 410

Capital Structure:
Sl. No Particular (Tk. in crore)
1 Authorized Capital 100.00
2 Paid‐up Capital as on 31 December 2011 60.00
3 Proposed IPO 12.00
4 Total Capital after IPO 72.00
5 Premium 12.00
6 Total Capital after IPO including Premium 84.00

Use of proceeds of IPO Fund & Implementation schedule:
The net proceeds of IPO (after adjusting IPO expenses) will be used for the following purpose:
Sl. No. Particulars Tk in crore
a) Generator Procurement 17.11
b) Building & other Civil Construction 1.82
c) Pipe, Pipe Rack and Electrical Works 3.12
d) Issue Cost 1.95 Total 24.00
Assets and Liabilities: 2011 2010 2009 2008 2007
Shareholders’ equity Amount in crore
Share Capital 60.00 10.00 5.00 5.00 5.00
Share Money Deposit - 30.00 1.00 1.00 1.00
Share Premium 97.00 - - - -
Revaluation Reserve 152.56 152.56 - - -
Retained Earnings 17.02 4.88 2.33 1.41 1.09
Total Equity 326.59