Annual Report 2016-17 CONTENTS

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Annual Report 2016-17 CONTENTS Annual Report 2016-17 CONTENTS Introduction 03 Vision & Mission 04 Our Values 05 Transmittal Letter 06 Notice of the 11th Annual General Meeting 07 Corporate Information 08-09 Board of Directors Prole 10-15 Management Team 17 Chairman's Message 18-19 Message from the Managing Director 20-21 Comparative Graphical Presentation 22-23 Board of Directors' Report (English Version) 24-30 Board of Directors' Report (Bengali Version) 31-36 Annexure to Directors' Report 37-46 Audit Committee Report 47 Value Added Statement 48 Statutory Auditors' Report along with Financial Statements 49-84 Certicates 85-88 Events Album 89-93 News Board 94 Form of Proxy 95-96 02 Annual Report 2016-17 GOD FEARING PLAIN LIVING HIGH THINKING "In the beginning God created man" and after thousand years of intelligence, precision, hard work and innovation, man created steel - one of the greatest innovations of all time. This super-strong, carbonized and alloyed form of iron is an element without which modern life is literally unimaginable. From skyscrapers and planes to syringes and forks, steel is an essential part of our everyday life. GPH ispat ltd. One of the leaders of Bangladesh in manufacturing steel promises a super strong future and economy with its world class products. Not only structural bar, but GPH Ispat Ltd is also one of the producers of low & medium carbon and low alloy steel billets in Bangladesh, the main ingredients of manufacturing graded steel bar. As GPH is ensuring the highest quality products in Bangladesh as per various international and national standards, GPH steel billets and bars are getting exported to other countries after nourishing national demand. The introduction of GPH Ispat Ltd has all the potentials to take Bangladesh quite a few steps forward to a stronger, brighter tomorrow. GPH ispat ltd. 03 Vision "TO ENRICH THE STEEL SECTOR OF BANGLADESH AS A BEACON OF LIGHT FOR OTHERS AND TO HELP THE COUNTRY IN UPCOMING INFRASTRUCTURAL DEVELOPMENT WITH UPGRADED TECHNOLOGIES." Mission "TO PROVIDE CUSTOMERS WITH EXCELLENT SERVICES AND PRODUCTS RESULTING IN CONSTANT IMPROVEMENT AND INNOVATION AT THE HIGHEST LEVEL OF QUALITY." 04 Annual Report 2016-17 Our Values We are committed to provide enjoyable work environment for our employees, our most important resources. We will continually promote teamwork, quality improvement and excellence in all places of business for establishing good governance. We will maintain a nancially strong, growth-oriented company for the protection of our shareholders & employees through leadership & innovation. We will provide products and services of highest quality and value by responding to our customers with promptness, sensitivity, respect and always with integrity. We meet the challenges of Earthquake with our quality products in strong infrastructure development to secure the safety of country people. We enrich stakeholders' interest where employees are our Strength, customers are our Brand Ambassador and suppliers & service providers are our Value Chain. We ensure that our production process is free from environmental pollution. GPH ispat ltd. 05 Transmittal Letter Corporate Oce: Crown Chamber, 325 Asadgonj, Chittagong 4000, Bangladesh. Phone : +880-31-631460 PABX : 2854997 FAX : +880-31-610995 E-mail: [email protected] November 15, 2017 Dhaka Oce: Hamid Tower (3rd Floor) 24 Gulshan C/A Circle 2, Dhaka 1212 The Valued Shareholders of GPH Ispat Limited Phone : +88-02-9840177 Fax : +88-02-9880366 Bangladesh Securities and Exchange Commission E-mail: [email protected] Registrar of Joint Stock Companies & Firms www.gphispat.com.bd Dhaka Stock Exchange Limited Chittagong Stock Exchange Limited Sub: Annual Report for the year ended June 30, 2017. Dear Sir(s) We are pleased to enclose the notice of 11th Annual General Meeting, a copy of the Annual Report together with the Audited Financial Statements including Statement of Financial Position, Statement of Prot or Loss and other Comprehensive Income, Statement of Changes in Equity and Statement of Cash Flows for the year ended June 30, 2017 along with the notes thereon of GPH Ispat Limited for your kind information and record. Yours sincerely (Arafat Kamal, FCA) Company Secretary 06 Annual Report 2016-17 Notice of the 11th Annual General Meeting Corporate Oce: Crown Chamber, 325 Asadgonj, Chittagong 4000, Bangladesh. Notice of the Phone : +880-31-631460 PABX : 2854997 11th Annual General Meeting FAX : +880-31-610995 E-mail: [email protected] Dhaka Oce: Notice is hereby given that the 11th Annual General Meeting of the Hamid Tower (3rd Floor) 24 Gulshan C/A Shareholders of GPH Ispat Limited will be held on Sunday, the 10th Circle 2, Dhaka 1212 December, 2017 at 11.00 am at Chittagong Club Limited, S.S Khaled Road, Phone : +88-02-9840177 Fax : +88-02-9880366 Chittagong to transact the following business: E-mail: [email protected] www.gphispat.com.bd Agenda-1: To receive, consider and adopt the Audited Financial Statements of the company for the year ended June 30, 2017 together with the Auditors’ Report and Directors’ Report thereon. Agenda-2: To approve dividend for the year ended June 30, 2017 Agenda-3: To elect Directors in terms of the relevant provision of Articles of Association. Agenda-4: To appoint Auditors for the nancial year ended on June 30, 2018 and to x their remuneration. By order of the Board Dated: November 15, 2017 (Arafat Kamal, FCA) Company Secretary Notes: 1. The Shareholders, whose name appears in the Share Register of the company or in the Depository Register on the record date (November 14, 2017) will be eligible to attend the Extra-Ordinary General Meeting & 11th Annual General Meeting and to receive the Dividend. 2. A Shareholder eligible to attend and vote at the Extra-Ordinary General Meeting and Annual General Meeting, may appoint a proxy to attend and vote in his/her stead. The Proxy Form attached with this Annual Report, duly lled in, signed and stamped must be submitted to the Company’s registered oce, Crown Chamber, 325 Asadgonj, Chittagong not later than 48 hours before the time xed for the meeting. 3. Annual Report for the year ended on June 30, 2017 is available in the company’s website at www.gphispat.com.bd. m¤§vwbZ †kqvi‡nvìvie„‡›`i m`q AeMwZi Rb¨ Rvbv‡bv hv‡”Q †h, †Kv¤úvwbi 11g evwl©K mvaviY mfvq †Kvb cÖKvi Dcnvi/Lvevi/hvZvqvZ fvZv cÖ`v‡bi e¨e¯’v _vK‡e bv| GPH ispat ltd. 07 Corporate Information Corporate History Company Name : GPH Ispat Limited Registration No. : CH-5853 of 2006 Date of Incorporation : May 17, 2006 Commencement of Business : August 21, 2008 Conversion to Public Limited Company : December 18, 2009 Listed with Stock Exchanges : April 19, 2012 TIN : 875829530252 VAT Registration : 24241012302 BOI Registration : 20060607-C Trade License : 180048 Import Registration Certicate : BA-0165484 Export Registration Certicate : RA-0088918 Registered Oce : Crown Chamber, 325 Asadgonj, Chittagong-4000 Factory : Masjiddah, Kumira, Sitakunda, Chittagong. Dhaka Oce : Hamid Tower (3rd Floor), 24 Gulshan C/A, Circle-2, Dhaka-1212 Phone : +880-31-631460(PABX), +880-31-2854997 Fax : +880-31-610995 E-mail : [email protected] Website : www.gphispat.com.bd 08 Annual Report 2016-17 Corporate Information Board of Directors: Mr. Md. Alamgir Kabir : Chairman Mr. Mohammed Jahangir Alam : Managing Director Mr. Md. Almas Shimul : Additional Managing Director Mr. Md. Abdur Rouf : Director Mr. Md. Ashrafuzzaman : Director Mr. Md. Abdul Ahad : Director Mr. Md. Azizul Hoque : Director Professor Dr. Mohammad Saleh Jahur : Independent Director Mr. Md. Velayet Hossain : Independent Director Audit Committee: Professor Dr. Mohammad Saleh Jahur : Chairman Mr. Mohammed Jahangir Alam : Member Mr. Md. Almas Shimul : Member Corporate Ocials: Mr. H. M. Ashraf-Uz-Zaman, FCA : Chief Financial Ocer Mr. Arafat Kamal, FCA : Company Secretary Mr. Atiqur Rahman : Head of Internal Audit Advisors: Mr. Shidhartha Barua, FCA : Tax Advisor Mr. Engr. Serazul Islam : Technical Advisor Mohammad Osman Gani Chowdhury : Media Advisor Banker: Listing: AB Bank Ltd Dhaka Stock Exchange Limited Trust Bank Ltd Chittagong Stock Exchange Limited Standard Chartered Bank Pubali Bank Ltd Insurer: The City Bank Ltd Asia Insurance Limited One Bank Ltd Pioneer Insurance Company Limited Premier Bank Ltd Green Delta Insurance Limited Mercantile Bank Ltd Peoples Insurance Company Limited State Bank of India Chartered Life Insurance Limited United Commercial Bank Ltd Islami Bank Bangladesh Ltd Credit Rating: Bank Asia Ltd Basic Bank Ltd Credit Rating Agency of Bangladesh Ltd (CRAB) Dutch Bangla Bank Ltd Meghna Bank Ltd Midland Bank Ltd Modhumoti Bank Ltd GPH ispat ltd. 09 Chairman's Prole Mr. Md. Alamgir Kabir Chairman Mr. Md. Alamgir Kabir having educational Besides success in business Mr. Kabir has also background in MBA in Marketing is a sponsor been proving his commitment to the society by Director & present Chairman of GPH Ispat Ltd. attaching himself in Social activities like: Having about three decades of business experience in both trading and manufacturing Vice President, Bangladesh Cement sectors, he has proved his wisdom and Manufacturers Association leadership in business. At present he is serving Member, Army Golf Club M. I. Cement Factory Ltd as its Additional President, Munshigonj Unnoyon Forum Managing Director. He holds the position of Managing Director of Crown Cement Concrete Life Member, Bangladesh Red Crescent and Building Products Ltd. Society He is also the Director of GPH Power Generation Limited, GPH Ship Builders Limited, GPH Engineers & Development Limited, Jahangir & Others Limited, Chittagong Capital Limited, Indo Steel Re-Rolling Industries Limited, Crown Power Generation Limited, Crown Polymer Bagging Limited, Crown Mariners Limited, Premier Cement Mills Limited, Premier Power Generation Limited and actively participating in their management. He is also running his trading house, engaged in trading of cement and other construction materials. He is also associated with some limited companies engaged in trading with his brothers. 10 Annual Report 2016-17 Managing Director's Prole Mr.
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