MAQ Paper Industries Ltd
Contact Details:
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Registered Office
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Facotry
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Maq Enterprises Limited 141/1 Segun Bagicha (2nd floor) Dhaka 1000 Tel: 02- 9331982, 9336002 , 9343992, 8318598 Fax: 02- 8313653 Email: maq@citechco.net |
Hajigonj,
Narayangonj
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At a Glance:
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Date of
Incorporation
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incorporated as a Private
Limited Company on 27th
February 1979 under the Companies Act 1913 and it was converted
into Public Limited Company on 8th
August 1994
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|
IPO Offering Year
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Issued public portion of shares in 1996
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Date of Listing in
CSE
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3rd
November, 1996
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Nature of Business
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The principal activities of the
company during the year were concentrated on manufacturing and selling of
Industrial grade paper such as Brown Paper.
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Accounting Year
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Financial year ended 31st Dec 2006
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Date of Last AGM
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The last AGM was held on 13th Sep’07
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Date of Delisting
by CSE
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The company has been delisted by
Chittagong Stock
Exchange Limited with the effect from 6th October 2009 as per SEC Directive No. SEC/CMRRCD/2001-16/168
dated October 01, 2009
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Market Information:
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Market Lot
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20
|
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Face Value
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Tk
100
|
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Close Price at the time of
Delisting
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36.25
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Board of Directors:
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Mrs. Sufia Quasem
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Chairman
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M.A. Quasem
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Managing Director
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A.Q.M. Mahbubul Alom
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Director
|
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Quasem Rob
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Director
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K.G. Jilani
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Director
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Operational Status:
According to Directors report to
the Shareholders for the year ended 31st
Dec 2006, continuous price increase of raw materials in the
international market, short age of electricity from Rural Electrification Board
and Shortage of working Capital i.e. severe liquidity crisis caused major
production loses to the company.
Key Financial and
Operating Indicators:
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Particulars
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2006
|
2005
|
|
Authorized Capital 24,00,000 shares @ tk
100 each
|
240,000,000
|
240,000,000
|
|
Paid-up-Capital 12,00,000 shares @ tk
100 each
|
120,000,000
|
120,000,000
|
|
Net Worth
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(9,377,573)
|
2,786,748
|
|
Working Capital
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(137,001,700)
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(129,873,753)
|
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Debt to Equity (times)
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(6.17)
|
22.68
|
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NAV per Share
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(7.81)
|
2.32
|
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Turnover
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19,461,235
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18,478,940
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Operating Profit/ (Loss)
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(10,052,652)
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(11,409,408)
|
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Net Profit/ (Loss) after Tax
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(12,164,321)
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(16,934,155)
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|
Earning per Share
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(10.14)
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(14.11)
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|
Dividend
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Nil
|
Nil
|
|
Net operating Cash Flow per share
|
12.13
|
7.74
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Share Holding
Composition:
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Particulars
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No. of Shares hold
|
%
|
|
Sponsors
|
600,000
|
50.00
|
|
Foreign Investors
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54,460
|
4.54
|
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ICB
|
268,960
|
22.41
|
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Other Company
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9,580
|
0.80
|
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General Public
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267,000
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22.25
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Total
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12,00,000
|
100
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Source: Annual Report for the year ended 31st Dec 2006