Meghna Vegetable Oil Industries Limited

Meghna Vegetable Oil Industries Limited

Contact Details:

Registered Office

Factory

Paribahan Bhaban(3^rd Floor), 21, Rajuk Avenue, Dhaka-1000

Meghnaghat, P.S.-Sonargaon

Dist-Narayangonj

At a Glance:

Date of Incorporation	was incorporated on 9^th March , 1991 in Bangladesh as a Public Limited Company under the Companies Act, 1913
IPO Offering Year	Issued public portion of shares in 1997
Date of Listing in CSE	3^rd February 1997
Nature of Business	The company owns and operates an Industrial plant and produced & sales of Vegetables Oil etc
Accounting Year	financial year ended 3o^th June 1997
Date of Last AGM	The last AGM was held on 9^th Dec’97
Date of Delisting by CSE	The company has been delisted by Chittagong Stock Exchange Limited with the effect from 2^nd May 2006 for non payment of dividend for last six years and the factory closed more than two years.

Market Information:

Market Lot	50
Face Value	Tk 100
Close Price at the time of Delisting	28.00

Board Of Directors:

Mr. Md. Badiuzzaman	Chairman
Mr. Md. Mostafa Kamal	Managing Director
Mr. Mohammad Zakaria	Director
Mr. M. F. Kamal	Director
Mrs. Beauty Akhter	Director
Mr. M. Amirul Alam	Director

Operational Status:

According to the Board of Directors the demand for customer goods was weak. Additional pressure by forced price cut of products due to unethical and unholy competition in the market as an impact of free market economy is making it very different to survive in today’s competitive market environment. And the future looks not so good unless the national economic upliftment program is undertaken with full political commitment.

Key Financial and Operating Indicators:

Particulars	1997	1996
Authorized Capital 30,00,000 shares @ tk 100 each	30,00,00,000	30,00,00,000
Paid-up-Capital 10,00,000 shares @ tk 100 each	10,00,00,000	10,00,00,000
Net Worth	18,06,59,951	15,86,46,854
Working Capital	4,27,36,317	1,36,85,013
Debt to Equity (times)	0.19	0.41
NAV per Share	60.22	52.88
Turnover	117,63,10,505	99,08,78,996
Gross Profit	6,21,05,033	6,17,39,305
Net Profit/ (Loss) after Tax	1,62,86,690	2,38,68,628
Earning per Share	5.43	7.96
Dividend	20% cash	Nil
Net operating Cash Flow per share	(2.15)	1.98

Share Holding Composition:

Particulars	No. of Share hold	%
Sponsors	500,000	50.00
SABINCO	100,000	10.00
Foreign Investors	100,000	10.00
General Public	300,000	30.00
Total	10,00,000	100

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Source: Annual Report for the year ended 3o^th June 1997