Author Topic: SMCPL -- Safe Mix Concrete Products Limited  (Read 13702 times)

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Offline co2

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SMCPL -- Safe Mix Concrete Products Limited
« Reply #-1 on: February 02, 2010, 08:46:47 PM »
Safe Mix Concrete Products Ltd. KSE APPROVED LISTING 04-12-2009

http://safemixltd.com/

Lahore Office

Main Office: 25-B, FCC, Syed Maratib Ali Road, Gulberg IV, Lahore.
Phone Number: +92 42 35777909, 35777910
Help Line: 0321-4762762, 0306-4456666
Email: marketing-lhr@safemixltd.com

Karachi Office
Main Office: Plot # 1, 6 Sector No. 26, Bilal Chorangi Korangi Industrial Area
(New Fire Brigade) Karachi.
Phone Number: +92-21 5074581-84
Fax: +92 21 5074603
Email: GM@safemixltd.com



for

Prospectus

http://www.arifhabibltd.com/ver1/downloads/SafeMix/Prospectus.pdf

OFFEring dATE   12-13 feb     at 12.5 Rs
« Last Edit: May 08, 2013, 09:38:36 PM by M&M »
An investor without investment objectives is like a traveler without a destination.  ~Ralph Seger

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SMCPL -- Safe Mix Concrete Products Limited
« Reply #-1 on: February 02, 2010, 08:46:47 PM »

Offline Farzooq

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Re: SMCPL -- Safe Mix Concrete Products Limited
« on: February 03, 2010, 09:16:46 AM »
Ready mix concrete products company offers Rs 125 million IPO

AHMED MALIK
KARACHI (February 03 2010): Safe Mix Concrete Products Limited (SMCPL) has announced offering of its 10 million ordinary shares to general public at an offer price of Rs 12.50 per share, including a premium of Rs 2.50 per share. The SMCPL is the first and the largest ready mix concrete (RMC) producer in Pakistan with the capacity of 346 cubic metres per hour.

The plants of the company are strategically located in Karachi and Lahore, making it the only RMC company, with existence in both northern and southern regions. The company has undertaken numerous large-scale projects in Karachi and Lahore and enjoys a diversified clientele.

The issue of 10 million ordinary shares, amounting to Rs 125 million, is 50 percent of the total paid up capital of SMCPL. The subscription list will open at the commencement of banking hours on February 12, 2010 and will close on February 13, 2010 at the close of banking hours.

Arif Habib Limited has been mandated to act as Financial Advisor and Arranger for the proposed Initial Public Offering (IPO) of SMCPL. The Lead Underwriter is National Bank of Pakistan (NBP), while other underwriters include Allied Bank, Saudi Pak Industrial & Agricultural Investment Company, Elixir Securities (Pvt) Pakistan, Invisor Securities (Pvt) Limited, and Cassim Investments (Pvt) Limited.

The sponsors include Arif Habib, Chairman, Arif Habib Group; Sir Anwar Perveiz, Chairman Bestway Group; Bashir H. Ali Muhammad, Chairman, Gul Ahmed Textile; Syed Yawar Ali, Chairman, Nestle Pakistan, and Asim Tiwana, CEO, Kaizan Construction (Private).

The objectives of the IPO are to raise additional capital of Rs 125 million to purchase transit mixers and pumps, which the company has rented currently; to reduce rental payments, which currently stand at Rs 51 million, constituting 8 percent of the manufacturing cost and to improve profitability and margin of the company that are haunted by higher finance and rental cost.

The bankers to the Issue are Arif Habib Bank, Bank Al-Habib, Habib Bank, J.S. Bank, Bank of Punjab, Bank Alfalah, Faysal Bank, Habib Metropolitan, MCB Bank and United Bank. The company has arranged a presentation at the auditorium of Karachi Stock Exchange (KSE) on Wednesday (today). The members of the exchange would be given detailed briefing about the company and its IPO.
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Offline mkj04

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Re: SMCPL -- Safe Mix Concrete Products Limited
« Reply #1 on: February 03, 2010, 09:43:38 AM »
will it be traded as provisional listed ?

Offline Farzooq

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Re: SMCPL -- Safe Mix Concrete Products Limited
« Reply #2 on: February 11, 2010, 10:04:21 AM »
4. SMCPL HISTORY
MCPL is one of the established companies providing Ready Mix Concrete for
construction projects in Pakistan. The Company was incorporated on 04 April
2005 as a private limited company. Subsequently, it has been converted into
public limited company on 21 February 2007. Application for listing has been
made to the KSE for permission to deal in and for quotation of the shares of the
company.
5. COMPANY OVERVIEW
MCPL The principal activity of the Company is production and supply of
ready mix concrete, building blocks and construction of prefabricated
buildings. The company has largest production capacity 346 m³/hour located
at Karachi & Lahore. The Company is specialized in providing high excellence
ready mix concrete to construction companies while maintaining uppermost
quality standards. The company has an enormous market clientele. The
company has seen transformation from conventional to state of the art and
highly demanding mechanized ready mix concrete. The Company has
undertaken several large scale projects, some of them are Lahore based
(Nestle Kabirwala factory, Bab-e-Pakistan, DHA Riya Golf & Country Club,
Packages Bulleh Shah and Mubarak Center) Karachi Based (Dawood Islamic
Tower, Jail Chowrangi Flyover, Emaar Crescent Bay and Gizri Flyover).
6. CORPORATE CLIENTELE
Key clients of the Company are as follows
Bauer International DHA Construction
Packages Limited Shalimar Construction
Condrill Shaikhani group
Sky Construction China Beijing Corporation
Engro Pakistan Bahria foundation
7. MANAGEMENT PROFILE
he Company has a strong sponsors’ profile of seasoned entrepreneurs having
diversified expertise in the field of asset management, cement manufacturing,
textile composite, steel, food and construction etc. Some of them key sponsors
are discussed here; Mr. Arif Habib is the Chairman and Chief Executive Officer
of Arif Habib Securities Limited—the Arif Habib Group’s holding company. He is
recognized as one of the wisest investor in Pakistan. Over the past decade, he
has leaded his business from a securities brokerage operation to a diversified
financial and industrial conglomerate. Sir Anwar Pervez is the Chairman of
Bestway (Holdings) Limited which includes Bestway Cement in Pakistan. He is
the Deputy Chairman of United Bank Limited. He is the Chairman of the Board
of Trustees of Bestway Foundation. His wealth is estimated to be over $ 1.4 Bn.
Syed Maratib Ali is the CEO of SMCPL since its incorporation. He is also the Chief
Executive Officer of Abepak (Pvt) Limited and a director of ZIL Limited. Mr. Ali in
the last 4 years has developed the ready mix concrete market from scratch
with the aid of a professional team and now has made into an industry. Mr.
Bashir Ali Mohammad is the Chairman of Gul Ahmed Textile Mills. He is also a
director of Gul Ahmed Energy Limited and Habib Metropolitan Bank Limited. He
has served as Chairman of APTMA, Pakistan Swiss Trade and Industry
Committee, Pakistan Britain Advisory Council. He has also been a member of
EPB GoP, and currently is a member of the Economic Advisory Council of the
GoP. He has over 35 years of experience. Syed Yawar Ali is the Chairman of
Nestle Pakistan, Wazir Ali Industries and Lahore Electric Supply Company
(LESCO). He is also a Director of International General Insurance (IGI) and Alpha
Insurance Company. In the past Mr. Ali has served as Chairman of the Pakistan
Dairy Association on a number of occasions and has been a member of the
board of PIA (1991-93 & 1998-2000) and State Bank of Pakistan (1993-1996). He
has 40 years working experience.
8. INDUSTRY REVIEW
eady Mix Concrete (RMC) industry is
well established in developed
countries and becoming a swiftly
growing industry in developing nations.
Pakistan had no operating RMC
company till 2005. However in past five
years RMC has made its charisma felt
as there are 5 RMC companies
operating in Lahore & Karachi with a
total capacity of 1.7 mn m³ per
annum. Instead of Pakistan, UAE
single-handedly is operating over 50 RMC manufacturing companies.
Construction sector prevails a massive demand outlook for the industry; in
addition the contribution of construction to the GNP has grown by
Compounded Annual Growth Rate (CAGR) of 21% during FY2004-FY20093.
Despite lower GDP growth in FY2009, construction sector managed to register
YoY growth of 13% which places of interest the resilience of the construction
sector; mounting trend in the infrastructural development by the government is
likely to keep concrete demand robust. The presently booming construction
industry, with several mega projects being launched throughout the country,
requires a reliable and continuous supply of quality concrete. Pakistan is
expected to carry the momentum of economic growth in the medium term.
Therefore demand of concrete mix is expected to post a positive growth likely.
9. INVESTMENT THREATS
he growth of the construction industry is largely dependent upon the
economic conditions prevailing in the country. An economic slow down in the
country / region may adversely affect the growth and performance of the
sector. Additionally, chaotic Law & Order situation may précis some volatility
stance for the sector and as well as for company`s financial position.
Furthermore, the possibility of commotion in the supply of raw material and / or
volatility in raw material prices which may unfavorably shape the performance
of the industry / company.
10. CAPITAL MARKET REVIEW
he benchmark index gained 60% during CY09.The 1st month of the year 2010
started with a optimistic attitude as the market gained almost 2.87% in the first
two trading sessions of the month. The sentiments were being followed by good
corporate results. After facing resistance at this level due to negative news flow
on the political front, index failed to close above this critical level and started to
decline. The KSE100 index then touched a low of 9,413 on January 28, 2010,
where strong recovery was witnessed and the month closed at 9,614 with a
minor gain of 2.42%. The average trading volume for Jan 10 increased by 57% to
187.17 mn shares compared to 119.22 mn shares in Dec 09. However, towards
the month end volumes declined and the KSE 100 index also witnessed a
declining trend. This can be attributed to the growing political ambiguity after
the detail judgment of Supreme Court over the NRO, unavailability of any
leverage product in the market and selling pressure and dip in the regional
markets. Added to the woes was a statement by the Finance Minister that
capital gains tax would be implemented from July 10 onwards. On macro
economic front, the CAD showed noteworthy improvement as it had narrowed
by more than Rs. 6 bn in the first half of current fiscal year through July 09 due to
increase in remittances and fall in imports. Remittances during the first 6 months
of current fiscal year had surged to $ 4.53 bn from $ 3.64 bn reported during the
same period last year whereas imports recorded decline of approx. 18% during
this period to $ 15.02 bn from $ 18.30 bn reported in the corresponding period
last year. Despite improvements on the external side, the Rs/$ exchange rate
remained under pressure in Jan 10.
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Offline Farzooq

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Re: SMCPL -- Safe Mix Concrete Products Limited
« Reply #3 on: February 11, 2010, 10:05:16 AM »
1. OUR RECOMMENDATION
he Company is offering its shares to the general public at the subscription
price of Rs 12.5/- per share (Inclusive of a premium of Rs 2.5/- per share).
Keeping in view the future plans of the company, strong back up in the RMC
industry, corporate performance, overall growth momentum and sectoral
growth in economy. The share has been offered is discounted 21% from fair
value. Therefore,
We recommend our valued clients to SUBSCRIBE.
2. VALUATION SNAP SHOTS
he Company has been valued on its past performance and economic
analysis is also done for comparison purposes on the basis of various
Financial. Our valuation is based on the discounted cash flow method; the Fair
Value is 15.98 using sustainable growth rate.
FINANCIAL SNAP SHOT Rs in (000)
2006 2007 2008 2009 CAGR
Revenue 20,408 57,448 433,244 707,464 226%
Operating Profit 4,520 (1,958) 19,593 29,979 88%
Finance Cost 666 1,721 675 14,563 180%
Net Profit 4,040 (3,780) 7,830 17,613 63%
EPS/(LPS)-basic 1.82 (0.54) 0.25 2.52 11%
RATIO ANALYSIS
2006 2007 2008 2009
Sales to Fixed Assets 0.40 0.53 2.86 5.08
Current Ratio 7.44 0.65 1.01 1.24
Debt to Equity 0% 0% 36% 29%
ROA 5% -3% 3% 6%
ROE 5% -4% 8% 15%
FAIR VALUE
Sustainable Growth Rate 2% 3% 5%
Value of Equity (000) 316,118 319,664 326,758
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Offline SS

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Re: SMCPL -- Safe Mix Concrete Products Limited
« Reply #4 on: February 11, 2010, 04:25:20 PM »
Farzooq Bhai

should apply or not  ??????

On application form broker stamp compulsory or not ???

Offline Farzooq

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Re: SMCPL -- Safe Mix Concrete Products Limited
« Reply #5 on: February 11, 2010, 04:32:04 PM »
Farzooq Bhai

should apply or not  ??????

On application form broker stamp compulsory or not ???

as per the above report Fair Value is 15.98
float is less so one can go for it

for application submission check with your broker or bank

 
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Offline SS

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Re: SMCPL -- Safe Mix Concrete Products Limited
« Reply #6 on: February 11, 2010, 04:57:41 PM »
farzooq bhai

thank you for your quick reply

but i want to ask you that 1 got application forms from my bank but no any broker stamp on them which is upper right side on form.
can i apply with them  ???????????

Offline Farzooq

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Re: SMCPL -- Safe Mix Concrete Products Limited
« Reply #7 on: February 11, 2010, 05:44:27 PM »
farzooq bhai

thank you for your quick reply

but i want to ask you that 1 got application forms from my bank but no any broker stamp on them which is upper right side on form.
can i apply with them  ???????????

yes u will require stamp of your broker
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Offline kashif_khan

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Re: SMCPL -- Safe Mix Concrete Products Limited
« Reply #8 on: February 12, 2010, 12:54:10 PM »
Yeh direct board per aye ga ya provisional trading hogi. Please reply

Offline ::WASIF::

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Re: SMCPL -- Safe Mix Concrete Products Limited
« Reply #9 on: February 13, 2010, 02:51:58 PM »
kese k pass ais kay form ka link hay tou plz send kar day
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Offline ::WASIF::

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Re: SMCPL -- Safe Mix Concrete Products Limited
« Reply #10 on: February 14, 2010, 03:17:12 PM »
ais ke regular trading kab shuru hogee
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Offline Farzooq

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Re: SMCPL -- Safe Mix Concrete Products Limited
« Reply #11 on: March 01, 2010, 10:11:04 AM »
half yr eps 0.13
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Offline Farzooq

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Re: SMCPL -- Safe Mix Concrete Products Limited
« Reply #12 on: March 17, 2010, 09:27:51 AM »
trading starts 18th march
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Offline SS

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Re: SMCPL -- Safe Mix Concrete Products Limited
« Reply #13 on: March 18, 2010, 11:44:13 AM »
trading starts 18th march

Farzooq bahi

it is trading at Rs- 13

I have 1000 through application

What your target ?????  :arrowhead:


Offline Farzooq

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Re: SMCPL -- Safe Mix Concrete Products Limited
« Reply #14 on: March 18, 2010, 11:48:31 AM »
new share no data cannot comment on it technically
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Offline chaudhary111

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Re: SMCPL -- Safe Mix Concrete Products Limited
« Reply #15 on: March 18, 2010, 12:27:19 PM »
FATIMA ke tarha es stock ma b ARIF HABEEB loogoo ka paisa stuck kar la ga :busted_blue:
« Last Edit: March 18, 2010, 07:46:29 PM by chaudhary111 »

Offline chaudhary111

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Re: SMCPL -- Safe Mix Concrete Products Limited
« Reply #16 on: March 18, 2010, 02:25:22 PM »
SMCPL   :busted_blue: :thumbsdown_anim: :busted_blue:

Offline SS

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Re: SMCPL -- Safe Mix Concrete Products Limited
« Reply #17 on: March 18, 2010, 04:08:45 PM »
Very bed experience in last two IPOs

FATIMA & SMPCL  :brickwall:

it mean that not buy shares through IPOs ------- :smilestar:

Offline Karuli

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Re: SMCPL -- Safe Mix Concrete Products Limited
« Reply #18 on: March 20, 2010, 12:20:59 PM »
Formal trading in Safe Mix starts

KARACHI (March 19 2010): The formal trading of Safe Mix Concrete Products Limited (SMCPL) has started at the Karachi Stock Exchange (KSE) on Thursday. The trading session was started with ringing of traditional opening bell. Arif Habib, Chairman Arif Habib Group, rang the bell.

Talking to media, Arif Habib said the listing and IPOs of new companies is a very positive sign for equity market. He said that four Initial Public Offerings have been witnessed in just two months of the current calendar year 2010 as compared to only three listings last year.

He pointed out that some more IPOs are in the pipeline and expected public offering soon. "Some new big companies including Wateen Telecom and Tuwairqi Steel Mills Limited are interested in the listing at the local stock market," he added. The SMCPL, on the first day of its formal trading at the local bourse, increased by Rs 1.14 to close at Rs 12.14. It was the third highest volume leader with total turnover of 5.888 million shares