Prospectus
“If you have any query about this document, you may consult issuer, issue manager and underwriter”

PROSPECTUS OF

R.N. SPINNING MILLS LIMITED

 

public ISSUE OF 3,000,000 ordinary shares OF Tk. 100.00 each at par

Totalling TK.300, 000,000.00

 Opening date for subscription: November 22, 2009

Closing date for subscription: November 26, 2009

For Non-Resident Bangladeshi quota, subscription closes on: December 05, 2009


Table of CONTENTS 

Particulars Page No.
Declaration about the Responsibility of Directors……………………………….. 06
Due Diligence Certificate of Manager to the Issue …………… ……...……… 07
Risk Factors………………………………………………………….............................. 10
Use of Proceeds……………………………………………………………………………………… 12
Description of Business……………………………………………………………………………. 13
Description of Property…………………...…………………………………………………….. 17
Plan of Operation and Discussion of Financial Condition………………………… 18
Directors and Officers................................................................ 23
Bio-data of Directors.................…………………………………………………….. 24
Involvement of officers and directors in certain legal proceedings………….. 26
Certain relationship and related transactions……………………………………….. 26
Executive Compensation………………………………………………………………………… 27
Option Granted to Officers, Directors and Employees………………………………. 27
Transactions with Promoters……………………………………………………………….. 28
Tangible assets per Share……………………………………………………………………….. 28
Ownership of the Company’s securities…………………………………………………… 29
Determination of Offering Price…………………………………………………………….. 30
Market for the Securities being Offered……………………………………………….. 31
Description of Securities Outstanding or being Offered……………………… 32
Debt Securities ………………………………………………………………………………….. 33
Lock in Provision ……………………………………………………………………………….. 33
Availability of securities………………………………………………………………………… 33
Application for Subscription………………………………………………………………….. 34
Miscellaneous Information ……………………………………………………………………. 37
Application Form …………………………………………………………………………………… 38
Bankers’ to the Issue…………………………………………………………………………….. 40
Application Form (NRB)…………………………………………………………………………. 41
Auditors Reports & Accounts………………………………………………………………….. 43
Auditors Reports in pursuance of section 135(1) …………………………………. 66
Ratio Analysis……………………………………………………………………………………….. 69
Additional Disclosure by the auditor …………………………………………………... 71
 

 

Disclosure In Respect Of Issuance Of Security In Demat Form 

“As per provisions of the Depository Act, 1999 and regulations made there under, share of the company will be issued in dematerialized form only and for this purpose the R.N. Spinning Mills Limited has signed an agreement with the Central Depository Bangladesh Ltd. (CDBL). Therefore, all transfer/ transmission, splitting or conversion will take place in the CDBL system and any further issuance of shares (including right/bonus) will also be issued in dematerialized form only.”

 

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