Western Marine Shipyard Limited ANNUAL REPORT 19 20 20 ANNUAL REPORT Corporate Office Amin Future Park (7th Floor) 1440/A Strand Road, Chittagong, Bangladesh. Tel: (+880) 31-2530035-7, 2513056 Fax: (+880) 31-2530038 Email:
[email protected] 2019 Registered Office & Shipyard - Kolagaon, No.4 2020 Kolagaon Union www.wms.com.bd Patiya, Chittagong, Bangladesh. (On the north side of Sikalbaha Power Plant) Photo Credit: 1. Samiul Wares 2. Md. Shah Newaz Hossain Design & Print: 01819281434,
[email protected] Key Highlights of the operations Western Marine Shipyard Limited 2019-2020 Gross Turnover Contribution to Gross Profit National Exchequer BDT BDT 911 2280 BDT million 1.98 million million Net Profit (AT) EPS NAV BDT 198 BDT 0.86 BDT 24.06 million Net Operating Cash Net Assets Value Dividend Payout Flow Per Share (NAV) at the end of period (NOCFPS) BDT. (Bonus) 2.5% 5,520,829,152 & .50% Cash BDT 0.52 Western Marine Shipyard Limited Integrated Management System (IMS) Certified Shipyard Annual Report 2019-2020 One Shipyard One Standard Content Introduction 4 Management Apparatus 5 Corporate Vision & Mission 6 Our Values 7 Recognition 8 Our Progress 11 Transmittal Letter 14 Notice of the 19th Annual General Meeting 15 Board of Directors 16 Executive Committee 22 Photo Gallery 23 Corporate Social Responsibility 29 Press & Media 30 Message from the Chairman 34 Message from the Managing Director 35 Directors’ Report to the Shareholders 36 The Role & Activities of Audit Committee 68 Auditors Report & Financial Statement 72 Our Products 108 Proxy Form 110 Annual Report 2019-2020 Western Marine Shipyard Limited Introduction Western marine Shipyard Limited (WMShL) is the only Export Oriented and one of the biggest shipyards in Bangladesh.