AquaMarine Chemical Limited is proposing an initial public offering of 63.1 million ordinary shares at Tk 100 par value each to raise Tk 6.31 billion. The shares will be listed on the Dhaka Stock Exchange and Chittagong Stock Exchange under the symbol "AMILC". The company operates in four principal business lines: investment banking, trading and principal investments, asset management and securities services, and leasing and sales contracts. The IPO aims to raise permanent capital for growth, share ownership among employees, and use publicly traded shares to finance future acquisitions. Some risks include market fluctuations, liquidity risk, credit risk, and competitive pressures in the financial services industry.
AquaMarine Chemical Limited is proposing an initial public offering of 63.1 million ordinary shares at Tk 100 par value each to raise Tk 6.31 billion. The shares will be listed on the Dhaka Stock Exchange and Chittagong Stock Exchange under the symbol "AMILC". The company operates in four principal business lines: investment banking, trading and principal investments, asset management and securities services, and leasing and sales contracts. The IPO aims to raise permanent capital for growth, share ownership among employees, and use publicly traded shares to finance future acquisitions. Some risks include market fluctuations, liquidity risk, credit risk, and competitive pressures in the financial services industry.
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AquaMarine Chemical Limited is proposing an initial public offering of 63.1 million ordinary shares at Tk 100 par value each to raise Tk 6.31 billion. The shares will be listed on the Dhaka Stock Exchange and Chittagong Stock Exchange under the symbol "AMILC". The company operates in four principal business lines: investment banking, trading and principal investments, asset management and securities services, and leasing and sales contracts. The IPO aims to raise permanent capital for growth, share ownership among employees, and use publicly traded shares to finance future acquisitions. Some risks include market fluctuations, liquidity risk, credit risk, and competitive pressures in the financial services industry.
Copyright:
Attribution Non-Commercial (BY-NC)
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Download as PPTX, PDF, TXT or read online from Scribd
Ishrat Jahan Sharmin 14-058 MD. Farhad Ullah Chowdhury 14-070 Eshrat Jahan Eshita 14-110 M. Abdul Kaium 14-112 Sharmin Akhter 14-114 Some Basic Information Public Offering of 63,100,000 Ordinary Shares of Tk. 100.00 Each (At Par) Totaling Tk. 6,310,000,000 AquaMarine Leasing & Investment Limited per lot has 50 shares so total lots 1,262,000 Opening Date for Subscription: 14 July 2011 Closing Date for Subscription: 20 July 2011 For Non-Resident Bangladeshi (NRBs) Quota Subscription Closes on: 29 July 2011 AquaMarine will list the common stock on the DSE and CSE under the symbol “AMILC”. Consent of Directors
MD. WALID-AL-ZUBAYER CHAIRPERSON
ISHRAT JAHAN SHARMIN DIRECTOR
M. ABDUL KAIUM DIRECTOR
ESHRAT JAHAN ESHITA DIRECTOR
SHARMIN AKHTAR DIRECTOR
MD. FARHAD ULLAH CHOWDHURY MANAGING DIRECTOR
Principles AquaMarine is a leading investment banking and firm with four principal business lines- Investment Banking Trading and Principal Investments Asset Management and Securities Services Leasing and sales contract Why We Are Going Public
We have decided to become a public company for
three principal reasons: to secure permanent capital to grow to share ownership broadly among our employees now and through future compensation To permit us to use publicly traded securities to finance strategic acquisition that we may elect to make in the future RISK FACTORS • Market Fluctuations Could Adversely Affect Businesses • Risk Management Policies and Procedures may expose to Unidentified or Unanticipated Risk • Liquidity Risk Could Impair Ability to Fund Operations and Jeopardize Financial Condition • Credit Risk Exposes to Losses Caused by Financial or Other Problems Experienced by Third Parties • Other Operational Risks May Disrupt Businesses • Legal and Regulatory Risks Are Inherent and Substantial in Businesses • Employee Misconduct Could Harm AquaMarine Leasing & Investment Limited and Is Difficult to Detect and Deter • The Financial Services Industry Is Intensely Competitive and Rapidly Consolidating • Conversion to Corporate Form May Adversely Affect Ability to Recruit, Retain and Motivate Key Employees Competitive Strengths
Strong Client Relationships
Distinctive People and Culture Extraordinary performance PROFIT & LOSS ACCOUNT Year 2008 2009 2010 Total operating revenue 17,289 20,433 22,478 Total operating expense 3,523 4,433 5,599 EBIT 13,766 16,000 16,879 Interest Expense 11,160 12,986 13,958 EBT 2,606 3,014 2,921 Tax expense 207 268 493 NET INCOME 2,399 2,746 2,428 Determination Retained Earnings After Appropriation
Year 2008 2009 2010
NET INCOME 2,399 2,746 2,428
Retained Earnings Carried 25 30 35 from Balance Sheet
Appropriations 2,394 2,741 2,423
Retained Earnings after 30 35 40 Appropriation Balance Sheet Particulars 2009 2010 Sources of Fund: In millions Shareholder’s Equity(a) Paid up capital 6107 6310 Share Money Deposit - - Proposed Bonus share - - Reserves & Surpluses(b) 16888 29869 Statutory Reserve 4980 8580 General Reserve 6977 10290 Retained Earnings 35 40 Asset Revaluation reserve 4900 10959 Total Equity(a+b) 22995 36179 Long term liabilities Long term loans 17627 21117 Lease rental deposits/ Advances 78 966 Term deposits/ Promissory notes 44057 36257 Total Capital 84757 94519 Short term liability Current maturity of long term loan 21008 27430 Current maturity of promissory note 15964 24722 Current maturity of advance against lease 6357 6406 Short Term loan/borrowings 15667 19906 Accrued expenses 18450 22968 Provision for taxation 5500 5500 Provision for Dividend 10698 15929 Total short-term liability 93644 122861 Total liability & owner’s equitys 178401 217380 Application of Funds Non current Assets(a) Fixed Asset-less depreciation 3754 6885 Net receivable against Finance Lease 6060 10953 Advance against leased asset 5477 5382 Direct Finance 52978 59725 Provision for doubtful & future losses- Lease (350) (220) Provision for doubtful & future losses- Loan (250) (175) Current Asset(b) Receivable against lease rental 39376 37484 Investment in share 51058 69158 Advances, deposits & prepayments 11870 16066 Other Receivables 1105 918 Advance income tax 1092 481 Term Deposit 4903 7887 Cash & cash equivalents 1328 2836 Total current Assets 110732 134830 Total assets(a+b) 178401 217380 Net Working capital 17088 6969 OWNERSHIP OF COMPANIES SECURITIES SL NO NAME POSITION NO. OF AMOUNT OF % SHARES SHARES
2. Ishrat Jahan Director 10000000 1000000000 15% 3. MD. Farhad Ullah Chowdhury Managing 8000000 800000000 11% Director
4. M. Abdul Kaium Director 7000000 700000000 10%
5. Eshrat Jahan Eshita Director 8100000 810000000 11% 6. Sharmin Akhtar Director 8620000 862000000 12% 8. Abdul Aziz Shareholder 2000000 200000000 2% 9. Rehana Begum Shareholder 2000000 200000000 2% 10. Md. Shajahan Shareholder 2000000 200000000 2% 11. Selima Akter Shareholder 2000000 200000000 2% 12. Khandaker Abu Mahian Shareholder 2000000 200000000 2% Total 63100000 6310000000 100% Net Tangible Assets Per Share Particulars 30.11.10 Non-current assets & investments 75665000000 Current Assets 134830000000 Fixed assets 6885000000 Total tangible assets 217380000000 Current Liabilities 122861000000 Non-Current Liabilities 58340000000 Net Tangible Assets 36179000000 Number of paid up shares 63100000 Net Tangible Assets per Share 573.4 Face value per share 100 Description of Security Outstanding or Being Offered
Particular Premium in taka Capital in taka
Authorized Capital: 200000000 -- 20,000,000,000 shares @taka 100 per share Issued and paid up capital: -- 6,310,000,000 63100000 Share @ Taka 100/- per share IPO : 9,465,000,000 6,310,000,000 63100000 shares of taka 100at issue price of taka 250 each including taka 150 premium per share After IPO total paid up capital 9,465,000,000 12,620,000,000 Thanks for being with us…