BRAC University

Fall 2015
Act 201 (Section 5)
Assignment
on
Annual Report (2014) of
Square Textiles Limited
Submiited by
Maesha Armeen
No.

November 30, 2015

SQUARE Textiles Ltd.
1) What is the mission, vision and values of the selected company
Mission, Vision and Values of SQUARE Textiles Ltd.
Mission: Our mission is the polestar of our vision for maximization of production of
quality products and services strictly on ethical and moral standards at minimum
costs to the society ensuring optimum benefits to the consumers, the
stakeholders and other stakeholders.
Vision: Our conception of business germinated from our vision which sees it as a means
to the well being of the investors, stakeholders, employees and members of the
society at large by creating new wealth in the form of goods and services that go
to satisfy the wants of all of them without disturbing or damaging the socioecological-economic balance of the Mother Earth and the process of human
civilization leading to peaceful co-existence of all the living beings.
Values: Quality Product, Process and Services, Social Obligations, Good Governance
2) Make a summary of chairmans report and Managing Directors report by highlighting (in
bullet point):
I.
What is their significant achievement in previous fiscal year (new achievement,
new projects, etc)

II.

What is their plan for future?

I.

II.

Significant Achievements in Previous Fiscal year

Attaining and achieving sustained standards (despite a few industrial
disasters , workers agitation and socio-politico disruptions)
Plan for Future
produce, sell and export for betterment of all

3) Total number of shares of the company, and current market price of the stock, and market
capitalization of the company.
Total number of shares of the company:
Current Market price of the Stock
Market Capitalization of the Company

147,862,298
BDT 1,915,079,65

4) List the name of different subsidiaries /business units / segments / division of the selected
company
Subsidiary Companies
1.Square Yarns Limited
2.Square Texcom Limited

5) Who are the auditors of different subsidiaries:

Chowdhury Bhattacharjee & Co., Chartered Accountants
6) Write the Total Revenue, Total Expenses, Total Assets, Total Liabilities of each subsidiary
Square Yarns Limited (in Square Texcom Limited (in
BDT)
BDT)
Total Revenue
Total Expenses
Total Assets
Total Liabilities

2,285,846,518
1,885,922,284
1,338,706,619
727,965,907

659,400,654
561,564,615
506,754,901
570,580,097

7) Select the consolidated financial statements (Income statements, Owners equity

statement, Balance Sheet and Cash flow Statement) and prepare:
a. Horizontal Analysis and Vertical Analysis for Cash flow statement and Owners
equity statement only.
b. Prepare ratio analysis (all 13 ratios with formula) of latest year (not two years)
only. Consider Net sales as credit sales for calculation purpose.

8) Summarize your findings and comments on the performance of the future of the company
The turnover increased by 14.50% during 2010 over 2009 when it rose by
27.19% over 2008. However, The gross margin increased by 66.25% during
the year 2010 as against increased by 15.18% during the previous year. As the
operating expenditure increased by 3.06% over previous year, the operating
income increased by 125% only over the previous year. The EPS is increased by
116.82% in the previous year. The net profit of Tk. 564,769,143 earned during the
year 2010.

Square Textiles Ltd has approved cash dividend at the rate of 16pc and Stock
Dividend (Bonus Share) at the rate of 20pc to its shareholders for the year ended
December 31, 2010.

The approval came at the 16th Annual General Meeting of the company held at the
Factory Premises, Sardaganj, Kashimpur, Gazipur Thursday.

The gross profit, net profit (Before Tax) and net profit (After Tax) for the year 2010
were Tk. 886.75 million, Tk. 676.17 million and Tk. 564.76 million respectively

Squre textile limited net turnover(5,115,828-5,238,437),gross profit(868,716948,720), ,and earning per share(3.66-3.98) ,total current assets(3,903,4364,163,698) reduced significantly compared to the previous years .This implies that
the operating results had declined over the previous year (2013).Besides,number
of foreign investors reduced significantly during the year
Cash dividend and Stock dividend declared during the year were same as of
previous year.

9) Write conclusion and

10) Recommendations (if any) of the report.
The operational and financial data reveals that the socio the company turnover slightly fell
compared to previous years. This was primarily because of -political situation of the country
which was beyond the control of the company. A congenial political atmosphere is essential in
this regard. Square textiles limited may also look for outsourcing mechanism and more foreign
investors for better performance

The flourishment of any industry requires combined efforts and co-operation from several parties.
Social , political and macroeconomic environment play pivotal role in this regard . Though Square
Textile is a newly Ventured Company in the respective sector, its growth and expansion is
praiseworthy. Its contributing the country and serving the nation in different ways. If it can up hold its
much toward advancement, it will be able to set a role model in our country.

Submission Date: December 01, 2015

Thanks and best regards,

Showvonick Datta