Sreepur Textile Mills Limited:

Ashraf Textile Mills Limited

Contact Details:

Registered Office

Factory

Ashrafabad

Tongi I/A , Tongi, Gaziupur

Tel: 02-  9803136-7 , 9802338 ( direct)

Fax: 02- 9802384

Tongi I/A ,

Tongi,

Gaziupur

At a Glance:

Date of Incorporation	Incorporated as Public Limited Company on 2^nd January 1962.
IPO Offering Year	Issued public portion of shares in 1996
Date of Listing in CSE	10^th November, 1996
Nature of Business	Engaged in production and sale of cotton yarn, polyester yarn, T.C yarn and viscose yarn
Accounting Year	Financial year ended 3o^th June 2009
Date of Last AGM	The last AGM was held on 24^th December 2009
Date of Delisting by CSE	The company has been delisted by Chittagong Stock Exchange Limited with the effect from 6^th October 2009 as per SEC Directive No. SEC/CMRRCD/2001-16/168 dated October 01, 2009

Market Information:

Market Lot	100
Face Value	Tk 10
Close Price at the time of Delisting	16.50

Board of Directors:

Kamal Uddin Ahmed	Chairman
Mahmud Ali Mridha	Managing Director
Abdul Rauf	Director
Md. Ibrahim Rahmatullah	Director
Mrs. Selima Begum	Director
Mohammad Ahmed	Director
Aziz Ahmad	Director
A.B.M. Shahnewaz	Director
Md. Mainul Haque	Director
Adv. A.K.M. Badudduza	Independent Director

Operational Status:

The management of the company stopped the production of the company from the March 12, 2006 and it is also noted that in the Extra General Meeting held on January 17, 2006 some major decisions were approved. They are as follows:

decision for development/sale of land of the Company
decision for shifting of the company from Tongi ,Gazipur preferable to any suitable place in Gazipur / Mymensingh District.

Key Financial and Operating Indicators:

Particulars	2008	2007
Authorized Capital 12,500,000 shares @ tk 10 each	125,000,000	125,000,000
Paid-up-Capital 10,500,000 shares @ tk 10 each	105,000,000	105,000,000
Net Worth	(837,277,385)	(743,833,509)
Working Capital	(864,808,966)	(760,899,576)
Debt to Equity (times)	Nil	(0.08)
NAV per Share	(79.74)	(70.84)
Turnover	Nil	Nil
Operating Profit/ (Loss)	(74,540,492)	(79,963,331)
Net Profit/ (Loss) after Tax	(93,443,876)	(79,963,331)
Earning per Share	(8.90)	(7.62)
Dividend	Nil	Nil
Net operating Cash Flow per share	(6.00)	(4.37)

Share Holding Composition:

Particulars	No. of Shares hold	%
Sponsors	2,009,687	19.14
Financial Institutions(including ICB & BSRS)	4,188,972	39.89
Government	120,000	1.14
Foreign Investors	14,950	0.14
General Public	4,166,391	39.69
Total	10,500,000	100.00

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Source: Annual Report for the year ended 3o^th June 2009