S. ALAM COLD ROLLED STEELS LTD.
1. Performance at a Glance for 2018-19 3
2. Company Pro�le 4
3. Corporate Information 5
4. Management Apparatus 6
5. Letter of Transmittal 7
6. Notice of the 19th Annual General Meeting 8
7. Message from the Chairman 10
8. Directors Pro�le 11
9. Directors’ Report 13
10. Certi�cation on Financial Statements by MD & CFO (Annexure A) 19
11. Certi�cate on Compliance of Corporate Governance (Annexure B) 20
12. Status of Compliance with Corporate Governance Code (Annexure C) 21
13. Management Discussion and Analysis (Annexure-D) 29
14. Key Operating and Financial Data for the Last Five Years (Annexure-E) 33
15. Discussion on Cost of Goods Sold (Annexure-F) 34
16. Segment Wise/Product wise Performance (Annexure-G) 34
17. Risks & Concerns (Annexure-H) 35
18. Pattern of Shareholding (Annexure-I) 37
19. Report of the Audit Committee 38
20. Report of the Nomination and Remuneration Committee 40
21. Pictorial View of Board Meeting and 18th Annual General Meeting 41
22. Auditors’ Report and Audited Consolidated Financial Statements-SACRSL 43
23. Auditors’ Report & Audited Financial Statements-SACRSL (Individual) 80
24. Directors’ Report - S. Alam Power Generation Ltd. 117
25. Auditors’ Report & Audited Financial Statement-SAPGL 118
26. Proxy Form & Attendance Slip 135
2nd Quarter 3rd Quarter Final EPS1st Quarter
PROFIT AFTER TAX (in Million)
GROSS PROFIT (in Million)
RVENUE (in Million)
S. Alam Cold Rolled Steels Limited is the �agship company of S. Alam Group, a well-established business conglomerate
of the country, operating in the business of steel manufacturing (hereinafter referred to as SACRSL) was incorporated
on December 12, 2000 as a Public Limited Company vide certi�cate No. 3842 of 2000 under the Companies Act 1994.
The registered o�ce of the Company is located at S. Alam Bhaban, 2119 Asadgonj, Chattogram while factory is situated
at Kalarpool, Shikalbaha, Patiya, Chattogram. The company has been set up to manufacture C.R. Steel Strip in the
coils/sheets with 6-HI, CVC reserving cold rolling mill having an installed capacity of 120,000 MT per annum, started its
commercial operation on 16th February 2004. Afterward, in order to meet the increasing demand of non-oxide furnace
(NOF) type GP/CI sheet throughout the world and in this region, S. Alam Cold Rolled Steels Limited set up a NOF type
continuous Galvanizing Line (CGL) with CTL plant for production of GP/CI sheets with most modern and economic
technology consuming the C.R Coils produced by the company. Annual Installed Capacity of the NOF Plant is 72,000 M.
The company is pioneer in steel industry and well known for its galvanized plain sheet and galvanized corrugated iron
sheet which are mainly used in construction industry (roo�ng and cladding of houses and industrial sheets), agriculture
and outdoor application also.
The Authorized Capital of the Company is Taka 350,00,00,000 divided into 35,00,00,000 ordinary shares of Tk. 10/- each.
Paid up capital of the company is Taka 98,37,11,000 divided into 9,83,71,100 ordinary shares of Tk. 10/- each.
With a view to maximizing shareholders bene�t and ensure uninterrupted electric supply, the company established its
subsidiary- S. Alam Power Generation Limited having 17MW Capacity power plant which was incorporated as a private
limited company on April 09, 2009 with 70% of its Equity held by this company. The objectives among others to set up,
operate and run a captive and/or independent power plant to produce and supply electricity.
S. ALAM COLD ROLLED STEELS LIMITED
Legal Status A public limited company incorporated in Bangladesh
on 12th December, 2000 under the Companies Act 1994
and enlisted with Dhaka Stock Exchange Limited &
Chittagong Stock Exchange Ltd.
Commencement of Commercial Production 16th February, 2004
Date of Listing with DSE & CSE 16th May, 2006
Factory Kalarpool, Shikalbaha, Patiya, Chattogram
Corporate & Registered O�ce S. Alam Bhaban, 2119 Asadgonj, Chattogram
Phone : +887-031-636649, 636997, 611426,
E-mail : firstname.lastname@example.org
Website : www.s.alamgroupbd.com
Liaison O�ce Sharif Mansion (6th Floor)
56-57, Motijheel C/A, Dhaka
Authorized Capital Taka 350 Crore
Paid up Capital Taka 98.3711 Crore
Product Variety C. R. Coil Plant - C. R Coil
NOF Plant - C. I Sheet & G. P Sheet
Annual Installed Capacity C. R. Coil Plant - 1, 20,000 M. Ton
NOF Plant - 72,000 M. Ton
BOARD OF DIRECTORS
Mr. Abdus Samad Chairman
Mr. Osman Goni Managing Director
Mr. Mohammed Saiful Alam Director
Mr. Md. Ra�que Ullah Director from ICB’s Nominee (Institutional Investors)
Mr. Sampad Kumar Basak FCA Independent Director
Mr. Sampad Kumar Basak FCA Chairman
Mr. Mohammed Saiful Alam Member
Mr. Md. Ra�que Ullah Member
NOMINATION AND REMUNERATION COMMITTEE
Mr. Sampad Kumar Basak FCA Chairman
Mr. Mohammed Saiful Alam Member
Mr. Abdus Samad Member
Mr. Md. Shohel Amin ACS Company Secretary (In-Charge)
SENIOR CORPORATE OFFICIALS
Mr. Subrata Kumar Bhowmick FCA Executive Director (Finance)
Mr. Moshiur Rahman General Manager (Factory)
Mr. Md. Delwar Hossain FCA Chief Financial O�cer
Mr. Shimul Nandy Head of Internal Audit and Compliance
STATUTORY AUDITOR M/s. Rahman Mostafa Alam & Co.
CORPORATE GOVERNANCE PROFESSIONAL M/s. Hoda Vasi Chowdhury & Co.
PRINCIPAL BANKER Rupali Bank Ltd.
Islami Bank (Bangladesh) Ltd.
Janata Bank Ltd.
Export Import Bank of Bangladesh Ltd.
INSURER Northern General Insurance Co. Ltd.
EXTERNAL CREDIT ASSESSMENT INSTITUTION Alpha Credit Rating Limited
Date: December 05, 2019
The Hon’ble Shareholders
Bangladesh Securities & Exchange Commission
The Registrar of Joint Stock Companies & Firms
The Dhaka Stock Exchange Limited
The Chittagong Stock Exchange Limited
Annual Report for the year ended 30th June 2019.
We are pleased to transmit a copy of the Annual Report 2018-19 together with the audited consolidated �nancial
statements of S. Alam Cold Rolled Steels Limited and its subsidiary, individual audited �nancial statements of S. Alam
Cold Rolled Steels Limited and its subsidiary S. Alam Power Generation Limited comprising the statement of �nancial
position as at 30th June, 2019 and the statement of comprehensive income, statement of changes in equity and
statement of cash �ows for the period then ended along with notes thereon along with the Directors’ Report and the
Audit Committee Report for your information and record.
Md. Shohel Amin ACS
Company Secretary (In-charge)
NOTICE OF 19TH ANNUAL GENERAL MEETING
Notice is hereby given that the 19th Annual General Meeting of S. ALAM COLD ROLLED STEELS LIMITED will be held on Monday, the
06th January, 2020 at 10.30 A.M. at Chittagong Club Limited, S. S. Khaled Road, Chattogram to transact the following businesses:
A G E N D A
1. To receive, consider and adopt the Audited Financial Statements of the Company for the year ended June 30, 2019 together
with the Reports of the Board of Directors and the Auditors thereon.
2. To declare and approve dividend for the year ended June 30, 2019.
3. A) To elect/re-elect the Directors of the company.
B) To approve the appointment of Managing Director.
4. A) To appoint Auditors for the year 2019-20 and �x their remuneration.
B) To appoint professional for Certi�cation on Compliance of Corporate Governance Code for the year 2019-20.
5. To consider, pass and adopt the following resolution as SPECIAL RESOLUTION of the Company with or without
a) The Article as appearing in the existing Articles of Association of the company as depicted hereunder in column one, be and is
hereby substituted and replaced with a new Article set opposite thereof in column two:
b) and that consequent upon the aforesaid amendments in the existing Articles of Association of the company, a new Articles of
Association containing Articles 1 to 138 duly amended as above, in substitution for and in exclusion of the existing Articles of
Association be and are hereby adopted, which shall henceforth be the Articles of Association of the company and a copy of
which shall be submitted to the o�ce of the Registrar of Joint Stock Companies & Firms, Government of Bangladesh,
Chattogram Division, Chattogram as Annexur