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Working Capital Management of Dhaka Insurance Limited

Working Capital Management of Dhaka Insurance Limited

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Published by Zim-Ud -Daula

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Published by: Zim-Ud -Daula on Nov 19, 2012
Copyright:Attribution Non-commercial

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07/09/2014

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Executive Summary 
The company was incorporated in the name of “The Loyeds Insurance Limited” on4th January, 2000 under the company Act 1994 as a public company limited byshares for carrying out all kinds of general insurance activities and was grantedcertificate for commencement of Business on 4
th
January, 2000 for generalinsurance business. The Authorized capital is Tk. 200 million consisting of 2,000,000 ordinary shares of Tk. 100 each. The sponsors/subscribers have alreadycontributedto the paid up capital of Tk. 60.00 million as required by the Chief Controller of Insurance. On 23
rd
May 2006 the name of the Company changed in to “DhakaInsurance Limited” registered under RJSC. In fulfillment of the conditions of licenseby the Chief Controller of Insurance, the company now proposes to raise the paid upcapital to Tk. 150.00 million by issuing 900,000 ordinary shares of Tk. 100.00 eachat an issue price of Tk. 120.00 including a premium of Tk. 20.00 per share totalingTk.108,000,000.00 by way of initial public offering (IPO).Since its establishment in 2000 as one of the leading general insurance companiesin the private sector, the Company has within a short span of time established itself as one of the most reputed and trustworthy insurance companies in the country.Selective underwriting and prompt settlement of claims have contributed towardsbuilding up a very respectable image of the Company within the businesscommunity. The Company has 12 branches throughout the country.
 
Dhaka Insurance Limited
1.0.Introduction
The company was incorporated in the name of “The Loyeds Insurance Limited” on4
th
January, 2000 under the company Act 1994 as a public company limited by sharesfor carrying out all kinds of general insurance activities and was granted certificate for commencement of Business on 4th January, 2000 for general insurance business.The Authorized capital is Tk. 200 million consisting of 2,000,000 ordinary shares of Tk.100each. The sponsors/subscribers have already contributed to the paid up capital of Tk. 60.00 million as required by the Chief Controller of Insurance. On 23rd May 2006the name of the Company changed in to “Dhaka Insurance Limited” registered under RJSC. In fulfillment of the conditions of license by the Chief Controller of Insurance,the company now proposes to raise the paid up capital to Tk. 150.00 million byissuing 900,000 ordinary shares of Tk. 100.00 each at an issue price of Tk. 120.00including a premium of Tk. 20.00 per share totaling Tk.108,000,000.00 by way of initial public offering (IPO).

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