WELCOME TO

OUR

PRESENTATION

Statement of Working Capital

&

Statement of Cash budget

(2014-2015)

OF

BSRM STEELS LIMITED

Team Members

KAZI TASNIM GONI1202610106123

MD. YEASEN ARAFAT- 6292

ADNAN SHAHABUDDIN SAHIL-06048

FAISAL AMEEN-06236

ATIKUR RHAMAN-

1202510105521

TOWHIDUL ISLAM-6159

COMPANY OVERVIEWCompany Name : BSRM steel mills ltd.

Company Profile: BSRM Steels Limited is mainly engaged in the manufacture and sale of steel products. It offers BSRM Xtreme bars, deformed bars, structural sections, and flat bar springs steel products, as well as offers M.S. billets. The company was established in 1952 and is headquartered in Chittagong.

Establishing Date: 1952

Financial Year End: December

Headquarters: Chittagong, Bangladesh

Chairman Mr. Alihussain Akberali FCA

Auditor : Rahman Rahman Huq

Address : Ali Mansion 1207/1099,Sadarghat Road, Chittagong, Bangladesh

Telephone : (031)-2854901-10, (02) 8311994, 8313135, 9358135

Vision

Mission

“The next generation steel”.

Values• Sustainable Growth

• Quality

• Reliability

• Trust

• Leadership

• Social Responsibility

• Customer Satisfaction

BOARD OF DIRECTOR

Working capital

Working capital is a measure both a company efficiency

and its short term financial health.

Loans from commercial banks

Public deposits

Trade credit

Factoring

Discounting bills of exchange

Bank overdraft and cash credit

Advances from customers

Accrual accounts

Higher Return on Capital:

Improved Credit Profile and Solvency:

Higher Profitability

Higher Liquidity:

Increased Business Value:

Uninterrupted Production:

Ability to Face Shocks and Peak Demand:

Competitive Advantage

How BSRM uses Working capital

Particulars 2015 2014 Change in particular

% ∆ in Particulars

Short term

investment

266,749,130 220,102,334 46646796 1.21

Inventories 6,889,962,898 11,274,456,739 (4384493832) (0.62)

Trade and other

receivables

2,247,869,647 2,971,813,680 (723944033) (0.76)

Current account

with related

companies

2,626,472,168 2,605,398,576 21073592 1.01

Advances, deposits

and prepayments

2,554,191,955 1,007,964,702 1546227253 2.6

Cash and cash

equivalents

468,886,084 521,092,776 (52206692) 0.90

Total current assets 15,054,131,882 18,600,828,807 (3546696920) (0.81)

Current Assets

Particulars 2015 2014 Change in particular % ∆ in Particulars

Trade payable 33,623,532 53,285,610 (19662078) (0.63)

Short term

borrowings

12,650,676,709 17,024,368,151 (4373691450) (7.43)

Current portion of

long term

borrowings

196,850,016 228,481,946 (31631930) (0.86)

Liabilities for

expenses

237,212,136 361,444,962 (124232826) (0.66)

Current tax liability 560,347,182 495,092,588 65254594 1.13

Provision for WPPF

and Welfare Fund

132,559,843 79,677,893 52881950 1.67

Other liabilities 402,517,212 202,948,923 199568289 1.98

Total current

liabilities

14,213,786,630 18,445,300,073 (4231513440) (0.77)

NET WORKING

CAPITAL (CA-CL)

840345250 155528730

Current liabilities

2%

46%

15%

17%

17%

3%

Current Assets of 2015Short terminvestment

Inventories

Trade and otherreceivables

Current accountwith relatedcompanies

Advances, depositsand prepayments

Cash and cashequivalents

1%

61%16%

14%

5%

3%

Current Asset 2014

Short terminvestment

Inventories

Trade and otherreceivables

Current accountwith relatedcompanies

Advances, depositsand prepayments

Cash and cashequivalents

0%

89%

1%2%4%1% 3%

Current Liabilities of 2015

Trade payable

Short term borrowings

Current portion of long term borrowings

Liabilities for expenses

Current tax liability

Provision for WPPF and Welfare Fund

Other Liabilities

0%

46%

1%

1%

1%

0%

1%

50%

Current Liabilities of 2014

Trade payable

Short term borrowings

Current portion of long term borrowings

Liabilities for expenses

Current tax liability

Provision for WPPF and Welfare Fund

Other liabilities

2014 2015

Net WorkingCapital

155528730 840345250

0100000000200000000300000000400000000500000000600000000700000000800000000900000000

BD

TNet Working Capital

Cash budget

A cash budget is a budget or plan of expected

cash receipts and disbursements during the

period.

Utility of Cash Budget

For planning fund requirements

For controlling cash position in

the firm.

Forecasting cash surplus

Management of cash properly.

Particular 2015(tk) 2014(tk)

Opening cash balance 521,092,776 594,536,979

Sources of income

cash received from customers and

others

33,251,803,564 40,058,936,081

Disposal of Property, plant and

equipment

5,306,840 5,517,886

Realized from related companies

against Software development

61,987,000

Receipt of Long term loans 84,859,874 6,846,590

Receipt of short term borrowings 3,891,200,205

Loan from related companies 101,498,641

Total Inflow of Cash 33863063054 44720523382

Statement Of Cash Budget

Uses of cashCash payments to suppliers and

employees

(26,559,200,269) (42,384,022,980)

Income tax paid (328,081,613) (370,912,803)

Interest paid (598,193,405) (299,275,981)

Acquisition of Property, plant and

equipment

(749,636,537) (227,391,297)

Addition to CWIP (8,527,589)

Increase in Investments (246,646,796) (8,558,291)

Software -

Development/implementation

(47,646,754)

Trade Mark (106,000)

Share money deposit to BSRM Steel

Mills Limited

(348,854,000)

Dividend paid (509,125,727) (512,662,500)

Repayment of short term

borrowings

(4,373,691,442)

Loan to related companies (21,073,592)

Total Outflow of cash 33394176970 44199430606

Net operating cash flow 468,886,084 521,092,776

50%

0%0%

50%

Sources of income of 2015

cash received from customers and others

Disposal of Property, plant and equipment

Realized from related companies againstSoftware developmentReceipt of Long term loans

Receipt of short term borrowings

Loan from related companies

Total Inflow of Cash

45%

0%

0%

0%

5%

0%

50%

Sources of income of 2014

cash received from customers andothersDisposal of Property, plant andequipmentRealized from related companies againstSoftware developmentReceipt of Long term loans

Receipt of short term borrowings

Loan from related companies

Total Inflow of Cash

40%

0%1%

1%

0%

0%

1%

7%

0%

50%

Uses of cash in 2015

Cash payments to suppliers and employees

Income tax paid

Interest paid

Acquisition of Property, plant and equipment

Addition to CWIP

Increase in Investments

Software - Development/implementation

Trade Mark

Share money deposit to BSRM Steel Mills Limited

Dividend paid

Repayment of short term borrowings

Loan to related companies

Total Outflow of cash

48%

1%

0%

0%

0%0%

0%0%1%

50%

Uses of cash in 2014Cash payments to suppliers and employees

Income tax paid

Interest paid

Acquisition of Property, plant and equipment

Addition to CWIP

Increase in Investments

Software - Development/implementation

Trade Mark

Share money deposit to BSRM Steel Mills Limited

Dividend paid

Repayment of short term borrowings

Loan to related companies

Total Outflow of cash

440,000,000

460,000,000

480,000,000

500,000,000

520,000,000

540,000,000

2014 2015Net Cash flow 521,092,776 468,886,084

BD

T

Net Cash flow