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News & Events of PBSL

24-May-2015
IPO Application Form (A4)

20-Feb-2014
Notice for change Margin Loan Ratio

28-Nov-2013
Notice for Fund Withdrawal in Margin Account

03-Nov-2013
Notice for Affected Investors

19-Jun-2013
Notice for maintaining minimum purchase power in Margin Account

Daily Business News All Daily Business News
26 Jan 2014
STOCK WATCH :: Golden Son Limited

Golden Son Limited was incorporated as a private company limited by shares under the Companies Act, 1994 in the name and style of Golden Son Limited vide Registration No C-50117 (412)/2003 dated 5 August 2003. Subsequently the company was converted into a Public Company limited by shares and accordingly RJSC certified the Memorandum and Articles of Associations of Golden Son Limited on April 30, 2005. The company started commercial operation since January 2005. The Company was listed in Dhaka Stock Exchange and Chittagong Stock Exchange on May 20, 2007 through Initial Public Offering issued on March 2007 and started trading of shares in Dhaka & Chittagong Stock Exchange on May 22, 2007. The authorised capital of the company is Tk 700 million and the paid up capital is Tk 3,44,10,00,000.00 divided into344080676 Ordinary Shares of Tk 10.00 each. The company is 100 per cent export oriented. Exchange rate fluctuation may reduce the profitability of Golden Son Limited because of its foreign trade commitments from various sources of foreign exchange like receipts of export proceeds and payment against import of raw materials. Devaluation is regular phenomenon in Bangladesh. However, devaluation of local currency is in no way going to affect the profitability of the company rather acts as reverse, as all the local expenses of the company are incurred in Bangladesh taka where as all receipts & payments from outside is in US$ that is all export proceeds are received in US$ and all payments against import of raw materials & machineries are made in US$. In case of increased price of raw materials in Bangladesh taka due to devaluation covered up by increasing price of our products in Bangladesh taka as all of our export are in US$. Here we will be gainer because for import we pay for raw materials only and where as incase of export price is higher as it includes other cost also.

As with all investments, investors should be aware that there are risk associated with an investment in the company. These risks could result in loss of income or capital investment. Investors are encouraged to seek independent financial advice. Change in interest rates may affect its financial result. The company, has so far, not had to depend significantly on debt financing. The company has not taken any project loan from any financial institution at the time of establishment of the industry. The industry has been established with capital finance from sponsors. The company has taken only working capital finance from the bank where there is little risk for loss of profit. As the government is giving preferential treatment by giving preferential rate of interest to industries particularly export oriented sector so there is less chance to increase rate of interest on our loan. If there is a little increase in interest rate the company's financial position will not be affected. The management is confident of meeting its needs for future expansion mostly from internal sources. Regarding working capital as stated earlier there is little chance of increase in rate of interest rather it is hoped that rate may be reduced and as such GSL have no risk for fluctuation of interest rate.
We envision GSL to continue to develop so that it incorporates the latest technologies available in manufacturing to accommodate large orders without unnecessary hassle for our clients. Our strength as a public company motivates us to create an environment that provides jobs for our people with the capacity to grow as we do. Consequently, Golden Son has already gained support from many influential figureheads in Bangladesh and in Taiwan and China and are well on our way to becoming an industrial institution in one of the world's rising countries.

Source :: Dhaka Stock Exchange