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Khaza Mosaic Tiles & Stone Industries Ltd. (KMTSIL) is a listed company on the Chittagong Stock Exchange Ltd. within the OTC market. According to a letter from the Bangladesh Securities Exchange Commission, numbered SEC/SRMIC/2021-205/02 and dated February 02, 2023, a new Board of Directors was formed. Considering the existing facilities and the establishment of the company, the Board has decided to change the business type to electric cable and accessories business, as authorized by Clause 37 of the Memorandum of Association of the company, as follows:
“37. To establish any type(s) of manufacturing/assembling industry and or trading business, commercial houses/firms etc. for the benefit of the Company”
The new management has made this decision after carefully assessing the current circumstances of the company and conducting a comprehensive market survey across various industries. Management believes that venturing into the electric cable and accessories business is a suitable choice for Bangladesh. The current annual market size for electric cables is valued at BDT 12 (twelve) thousand Crores, with BDT 8 (eight) thousand Crores attributed to both local branded and non-branded products. Furthermore, the industry exhibits an annual growth rate of approximately 20%, and the Government intends to expand 100% electricity access to the citizens of Bangladesh, which will also boost the demand for electric commodities.
The company will be producing PVC cables of domestic quality, power cables, High voltage (HV) cables by installing the production facility phase by phase justifying the intervention capacity in the market.
Production facility and line | Year 1 | Year 2 | Year 3 | Year 4 |
Land development and production shade installation | ||||
Full set of PVC Coated Cables from 1 mm to 16 mm | ||||
Full set of PVC Coated Cables from 16 mm to 25 mm | ||||
Full set of PVC Coated Cables line of 100 extruder machine line (1×25+ 1×630 RM) | ||||
Full set of PVC Coated Cables line of ST extruder machine line | ||||
Testing lab | ||||
Working capital required in BDT | 5 Cr. | 5 Cr. | 5 Cr, | 1 Cr |
Total fund required for project installation in BDT | 10 Cr. | 5 Cr. | 5 Cr. | 2.5 Cr. |
Total fund required in BDT | 15 Cr. | 10 Cr. | 10 Cr. | 3.5 Cr. |
Source of fund year to year in BDT | Placement of share to the existing shareholders | Bank finance (CC limit 5 Cr. and LT 5 Cr.) | Stock dividend 5 Cr and bank finance (CC limit extend another 5 Cr. and LT extend another 5 Cr.) | Bank finance (CC limit extend another 1 Cr. and LT extend another 2.5 Cr.) |
Total project finance BDT43.5 Cr. for four years as per full implementation schedule as under:
Particulars | Year 1 | Year 2 [new loan] | Year 3 [new capital & new loan] | Year 4 [new loan] | Total in BDT (Cr.) [Total new capital & loan at the end of 4th year] |
Source of fund from shareholders BDT (Cr.) | 15 | – | 5 | – | 20 |
Bank long term loam BDT (Cr.) | – | 5 | 5 | 2.5 | 12.5 |
Bank short term loan BDT (Cr.) | – | 5 | 5 | 1 | 11 |
Total in BDT (Cr.) | 15 | 10 | 15 | 3.5 | 43.5 |
The total production capacity for next four years in MT at 100% efficiency on single shift basis will be as under:
Items | Year 1 | Year 2 | Year 3 | Year 4 |
Full set of PVC Coated Cables from 1 mm to 16 mm | ||||
Full set of PVC Coated Cables from 16 mm to 25 mm | ||||
Full set of PVC Coated Cables line of 100 extruder machine line (1×25+ 1×630 RM) | ||||
Full set of PVC Coated Cables line of ST extruder machine line |
The Board of Directors of the company are of well renowned businessman of Chittagong, having the good and strong contribution in the different business of the country. They are quite experienced of establishing different types and categories with excellent success in all the occasions.
OFFICE ADDRESS:
Ramarbag, Kutobpour, Fatulla, Narayanganj 1421
FACTORY ADDRESS:
Ramarbag, Kutobpour, Fatulla, Narayanganj 1421
+8801919120135
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