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Ratanpur Steel Re-Rolling Mills Limited

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Ratanpur Steel Re-Rolling Mills Limited RATANPUR STEEL RE-ROLLING MILLS LIMITED RIGHTS SHARE OFFER DOCUMENT MANAGER TO THE ISSUE RATANPUR STEEL RE-ROLLING MILLS LIMITED Nahar Mansion,116 C.D.A Avenue, Muradpur, Chittagong Phone: 88-031-652255-7, Fax: 88-031-650001 email: [email protected] www.rsrmbd.com RIGHTS SHARE OFFER DOCUMENT Date: [***] Rights Offer of 67,459,392 Ordinary Shares of BDT 10.00 each at an issue price of BDT 15.00 each including a premium of BDT 5.00 per share, totaling BDT 1,011,890,880.00 offered on the basis of 02[R]:03, i.e. 02 (two) Right Shares for every 03 (three) existing shares held on the record date. RECORD DATE FOR ENTITLEMENT OF RIGHTS OFFER Record Date [***] Opens on Closes on Date of Subscription [***] [***] Within Banking Hours Both Days Inclusive MANAGER TO THE ISSUE Jiban Bima Bhaban (Ground Floor) 10 Dilkusha C/A, Dhaka 1000. PABX: +88 02 47111096, 47111867, 47112659 Fax: +88 02 47111218; www.eblinvestments.com www.facebook.com/eblinvestments; Email: [email protected] FULLY UNDERWRITTEN BY EBL Investments Limited AAA Finance & Investments Limited Roots Investment Limited Jiban Bima Bhaban (Ground Floor) 10 Dilkusha C/A, Amin Court (4th Floor), Suite– 403-405 Diganto Tower (1st Floor) Dhaka 1000. 31, Biruttam Shahid Ashfaqus Samad 12/1 R. K. Mission Road, Dhaka-1203 Road (Former 62-63 Motujheel C/A) Dhaka-1000 LankaBangla Investments Limited Sandhani Life Finance Limited AFC Capital Limited City Center, Level-4 16, Motijheel C/A, 2nd & 3rd Floor Saiham sky view Tower (11th Floor) 90/1, Motijheel C/A, Dhaka-1000 Dhaka-1000 45 Byoy Nagar, Dhaka-1000 Prime Finance Capital Management Limited ICB Capital Management Limited MTB Capital Limited PFI Tower (6th Floor) BDBL Bhaban (Level-16) MTB Tower (Level 3) 56-57 Dilkusha C.A., Dhaka-1000 8, Rajuk Avenue, Dhaka-1000 111 Kazi Nazrul Islam Avenue Bangla Motor, Dhaka 1000 CAPM Advisory Limited Grameen Capital Management Limited BMSL Investment Limited Tower Hamlet (9th Floor) Grameen Bank Complex Shareef Mansion (4th Floor) 16 Kemal Ataturk Avenue 1st Building (2nd Floor) 56-57, Motijheel C/A, Dhaka-1000 Banani C/A, Dhaka-1213 Mirpur-02, Dhaka-1216 Citizen Securities & Investment Limited IDLC Investments Limited Janata Capital and Investment Limited Al-Razi Complex R Tower (4th Floor) 48, Motijheel (3rd Floor) 165-167 Shaheed Syed Nazrul lslam Sarani 65/2/2, Bir Protik Gazi Golam Dostogir Road, (Box Dhaka-1000 Suite – G-802 (8th Floor), Purana Paltan, Dhaka-1000 Culvert Road) Purana Paltan, Dhaka-1000 BetaOne Investments Limited ALPHA Capital Management Limited Swadesh Investment Management Limited Green Delta AIMS Tower (Level – 4) Eastern Arzoo Complex (7th Floor) Unique Trade Center (UTC) 51-52, Mohakhali C/A, Dhaka-1212 197 Sayed Nazrul Islam Shoroni Suite 01, Level-11 61 Bijoy Nagar, Dhaka-1000 8, Panthapath, Karwan Bazar Dhaka-1215 City Bank Capital Resources Limited Banco Finance and Investment Limited AIBL Capital Management Limited Jibon Bima Tower (1st Floor) 218/3/A West Kafrul (4th Floor), Al-Arafah Tower (Level- 15), 63, Purana Paltan, 10 Dilkusha C/A Begum Rokeya Sharani Dhaka-1000 Dhaka-1000 Taltola,Sher-e-Bangla Nagar, Dhaka-1207 NBL Capital & Equity Management Limited IIDFC Capital Limited Printers Building (8th Floor), 5 Rajuk Avenue, Dhaka Eunoos Trade Center (Level- 7) 1000 52-53 Dilkusha C/A, Dhaka-1000 CREDIT RATING STATUS Rating Year Long term Short Term Outlook Entity Rating 2018 A (-) ST-2 Stable Date of Rating 07 September 2018 Rating Assigned By: Emerging Credit rating Limited BANKERS TO THE ISSUE Social Islami Bank Limited Eastern Bank Limited RATANPUR STEEL RE-ROLLING MILLS LIMITED Nahar Mansion, 116 C.D.A Avenue, Muradpur, Chittagong. Phone: 88-031-652255-7, Fax: 88-031-650001 Email: [email protected], Website: www.rsrmbd.com As per provision of the Depository Act, 1999 and regulation made there under, rights share shall only be issued in dematerialized condition. An applicant must apply for allotment of rights shares mentioning his/her Beneficiary Owner (BO) Account number in the application form. i TABLE OF CONTENTS REFERENCE PARTICULARS Page Rule-8(a) Date of the rights share offer document. Cover Page Rule-8(b) Amount of rights share, divided into number of shares, per value and the issue price of each share, Cover and number of right offered for each existing share. Page Additional Definition and Elaboration of the abbreviated words. 1 Letter to the shareholders regarding Right Issue of share 2 Corporate Information 4 Rule – 8 Highlight of the rights offer, risk factors, and management plans for reduction of such Risks. 5-8 (c) Highlight of the rights offer [History of the Company, Corporate Status and Background Nature 5 of Business, The Rights Issue and Issue Price] Risk Factor and Management Perception About the Risks 6 Rule – 8 Date and Time of Opening and Closing of Subscription. 8 (d) Rule – 8 Purposes of raising fund through rights share, specifying clearly the heads and amount of the fund (e) utilization, and identifying various proposed projects with heads and amount of expenditure for 8 each projects, and also highlights of such projects. Purpose of the raising fund through rights issue 8 Additional Five years Information Regarding AGM Held and Dividend Declared 8 Rule – 8 (f) Name of the products manufactured or to be manufactured or services rendered or to be rendered by the issuer together with capacity or proposed capacity of the existing and proposed projects vis- 9 a-vis capacity utilized by the existing project during the last three years or such shorter period during which the issuer was in commercial operation. Existing Products Manufactured by The Company 9 Additional Equity Structure of the Company 9 Financial Highlights of the Previous Years 9 If the issue price of rights share is higher than the par value thereof, justification of the premium Rule – 8 10-11 (g) should be stated with reference to- Net Asset Value Per Share 10 Historical Earnings Based Value per Share 11 Average Market Price Per Share 11 Cash flows statement, profit and loss account, balance sheet, changes in equity and notes to the Rule – 8 12-45 (h) accounts of the issuer, together with certificate from the auditors as in Form-C. Auditors’ report to the shareholders of Ratanpur Steel Re-rolling Mills Limited as in Form-C 12 Statements of Financial Position 13 Statement of Comprehensive Income 14 Statement of Changes in Equity 15 Statement of Cash Flows 16 Notes, Comprising a Summary of Significant Accounting Policies and Other 17 Explanatory Information Rule – 8(i) Summarized cash-flows statement, profit and loss account and balance sheet, and dividend declared and paid for each of the 5 (five) years immediately preceding the issue of rights share 46-49 offer document or for such shorter period during which the issuer was in commercial operation. Auditors Report in pursuance of section 135(1) under Para 24(1) of part – II of the Third 46 Schedule of Companies Act 1994 of Ratanpur Steel Re-rolling Mills Limited Auditors’ Certificate Of Compliances Of Conditions Of The Corporate Governance Guidelines 49 to the shareholders [SEC/CMRRCD/2006-158/134/Admin/44 Dated 7august2012] Rule – 8 (j) Length of time during which the issuer has carried on business. 50 Rule – 8 Implementation schedule for completion of each segment of the project along with the proposed 50-52 (k) dates of trial and commercial operation of the proposed project. Rule – 8 (l) Quantity of shares held by each director and persons who hold 5% or more of the paid- up share 52-53 capital of the issuer on the date of the rights share offer document. Quantity of shares held by each director on the date of the rights share offer document 52 Composition of shareholding position of the company 52 Beneficial owners holding shares 5% or Above 53 Name, address, description and occupation of directors; managing director, managers and company Rule – 8 53 (m) secretary of the company. Board of Directors 53 Management & Executives 53 Rule – 8 Name of the public listed companies under common management. 54 (n) ii Rule – 8 Name and address of the underwriter(s) along with the number of shares underwritten by each (o) underwriter, and also the name and address of issue manager, auditors, legal adviser and banker to 54-56 the rights issue. Classified Information and Underwriters 54 Underwriters’ Obligation 55 Rule – 8 Particulars along with the terms and conditions of the material contracts including vendors’ (p) agreement, underwriting agreement, issue management agreement, agreement with the 56-59 banker to the issue and contract for acquisition of property, plant and equipment. Terms and Condition of Right Issue [Basis of the Offer, Entitlement, Acceptance of Offer, Renunciation. General, Condition of Subscription, Payment of Share Price, Lock-in on 56 Rights Share and Other] Material Contracts [Bankers to the Issue, Underwriters, Manager to the Issue, 57 Vendor’s agreement & Contract for Acquisition of property] Number of rights shares that the directors are going to subscribe, and in case they propose to make Rule – 8 59 (q) renunciation, the reasons and extent of such renunciation. Directors’ take-up in the Rights Offer 59 Statement of actual utilization of fund raised by public offering of shares or rights shares, if any, Rule – 8 (r) 60 prior to the proposed rights issue vis-a-vis plan thereof. Declaration regarding utilization of previous fund (IPO) 60 Application form for depositing the subscription money with the bankers to the issue for the rights Rule – 8 (s) 79-90 share, with the provision for renunciation of the rights offer. Form of acceptance and application for shares [Application Form-A] 79 Bankers to the issue of rights issue of Ratanpur Steel Re-rolling Mills Limited 80 Form of Renunciation [Application Form-B] 88 Application by Renouncee(s) [Application Form-C] 89 Declaration about the responsibility of the issue manager, the underwriter, the auditors and the Rule – 8 (t) 60-63 directors in Forms-A, B, C, and D respectively.
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