Operations Management Essay Example | Topics and Well Written Essays - 250 words

Operations Management - Essay Example Indeed, in highly competitive environment, consumers’ role has become more distinct in the wider context of business goals. The businesses which cater to the changing needs of the consumers are better equipped to sustain their market position. For example, tourism is now called leisure market because people not only prefer to visit places but also want to be entertained with creative travel schedule that is better able to satisfy their aesthetic, mental and physical needs. Hence, transformation process applies to both goods and services as consumers’ changing preferences for goods and service needs to be met by the businesses. Data is vital part of process mainly due to the fact that manipulation of data considerably helps to facilitates informed choices. A good database creates new opportunities for expanding business and improving business productivity. It helps to understand the changing trends in the preferences of the people, resulting in new products development and value addition to the existing products that meet the changing requirements of the consumers. (words:

Discuss the similarities between Louis Wirth's Urbanism As A Way of Assignment

Discuss the similarities between Louis Wirth's Urbanism As A Way of Life and Cara Buckley's article in The New York Times - Assignment Example Thus it is expected that there will not be occurrences of abrupt and discontinuous variations in personality between people living in the city and those on the countryside. However, recent studies have revealed that the experience of country folks moving to the city has been characterized by hardship where many feel left out while others just fail to adapt to the busy city life. This paper seeks to research and discuss the similarities between Louis Wirths "Urbanism as a Way of Life" and Cara Buckleys article in The New York Times. According to both authors, the rapidity and recentness of urbanization in the United States is a major course of the problems faced in urban centers and the lack of awareness towards them. The urban centers are populated densely by individuals from diverse cultures and religions which leads to very different modes of life among the city inhabitants. There is a wide variability and segmentation of individuals and a significant absence of intimacy in the relation between fellow city inhabitants which are generally superficial and short lived. According to Wirth (2), the heterogeneity of the urban population results in disintegrated social structures which promote mobility, instability and insecurity. Buckley’s article also reflects Wirth’s ideology that the social life in urban centers is superficial and there are distant social relations. Buckley writes about the experiences of newcomers in the New York City and how it changes the personality and social behavior pattern s of the people who move to the city. This is depicted in Lisa Phin’s case who is 25 and moved to the city from Dallas (Buckley 2008). She had a hard time making friends and out of the loneliness she faced she resorted to building friendships through online websites. The tight schedules, routines and the usual bustle of the city life quickly take the

Does Internet Enhance or Reduce Social Interaction Essay Example for Free

Does Internet Enhance or Reduce Social Interaction Essay Papers like HomeNet publications have been following the effects, positive or negative of Internet on its users. The findings are interesting as it reports both positive and negative results. Initially the effect was negative on those who relied heavily on internet for communication. However that scenario has changed with time. Current studies no longer show the overall negative effects of the past. Using internet to communicate with families and friends as well as being involved in community activities has been on the rise. Negative effects are generally experienced by people with less support economically and introverts and positive effects experienced by people with good social resources and extraverts. Some people who have integrated internet into their ordinary lives have generally benefited, but they now experience new social problems. These problems are highlighted in this discussion in depth and a summary made in a table. Those internet users who find communication important, have good reason to expect that Internet has positive social impact on their lives. For such people communication, including contact with neighbors, friends, and family, and participation in social groups, improves their level of social support. To them interacting with internet gives them fulfilling personal relationships, a sense of meaning in life, and commitment to social norms with their communities. Their psychological and physical well-being (Diener et al. 1999; Cohen and Wills 1985; Mirowsky and Ross 1989;). They think through the use of internet for communication, they could have important positive social effects on individuals (McKenna and Bargh 2000), groups, organizations (Sproull and Kiesler 1991), and communities (Hampton and Wellman 2000), including society at large (Dertouzos 1997; Hilts). Just like the telephone did, they think broad social access could increase people’s social involvement, and facilitate formation of new relationships (Fischer 1992; Wellman 1996). People who are generally isolated could find new social identity and commitment (Katz and Aspden 1997). Isolated members of communities could participate in group organizations at a distance (Sproull and Kiesler 1991). Internet is also handy for political mobilization (Bonchek 1997). Whether Internet has positive or negative social impact depend upon the quality of the people online, their activities and what they give up to spend time online. Stronger social ties generally lead to better social outcomes than do weaker ties (Wellman and Wortley 1990). As we go through the discussion we find that the ease in communication that internet offers has encouraged people so much that they now spend more time alone, talking online with strangers and very little time with their communities. Increasingly people are connecting to each other through the internet, and looked at positively, one would say internet has increased the frequency of communication among its users. There are pertinent issues to look at today regarding our social interaction compared with the past: †¢ Has our social relation one-to-one improved or diminished? †¢ Has it provided more evidence of the difference between our virtual self and real self? †¢ Has our group interaction improved or diminished? Users of internet are socially withdrawn because they are most of the time lonely and hooked onto the net. Research has found that the more people are online, the more they become socially isolated ( James E. Katz). The study further shows that people who are constantly online the more they become isolated from social life and that there is a relationship between depression, stress and strength in social ties created by extensive use of the internet. This on the extreme can weaken the social ties that people normally have. Robert Kraut who is a researcher in the field and professor in the Department of Communication at Rutgers University in New Brunswick, N. J. is the leading author of the study. However the finding has been seriously challenged as inadequate and lacking in rigor. The critiques say there needed to have been a control group used for comparison purposes and that the sample size was too small. On the contrary, computer experts are quoted as saying internet has greatly increased their human interaction. They say that they can now meet more people than ever before. But sociology experts say this is more a manifestation of people in a state of denial than the truth. But the truth is that there are two divergent views about computers and its social effect on people. Hoffman and partner Tom Novak at Vanderbilt Universitys Project 2000 have for example have conducted a collaborate research with Georgia Institute of Technology in which they find many web users find the net browsing enriching and satisfying and that they are usually left in a happy state of mind far from being depressed. Philip Aspden, executive director of the Center for Research on the Information Society, surveyed 2,500 Internet users and found no evidence of social withdrawal. The study found that online participants are no less likely to join religious, leisure or any community organized activities than people who arent online. Virtual interaction is the norm in internet activities. People using portable computers can work in one office, one project without necessarily being physically in a place. They could be several kilometers away and do everything together that they could do in one environment, one office, and location. They can talk and hold meetings and discussions together. Internet has made the world look like a one local village. The issue is what is the social implication of this arrangement? Is it positive or negative socially? The answer is positive because the physical location can be anywhere most convenient for the individual. It can be your house / study room, supermarket; or inside your car. People work better when they operate from premises of their liking. Negative because supervision, control, co-ordination and monitoring becomes difficult. People find such arrangements new and odd though not necessarily bad socially. With time we shall be used to it and our sense of belonging will change. In this discussion we try to bring into focus the positive and negative social impact of internet. However we seem to agree that internet users have more social problems than usual. They are among other things withdrawn from normal social life and in virtual solitude as is commonly known. It is interesting to hear what some of these people say. Please allow me to quote some experiences from people who use internet. â€Å"Every time I go through the process it seems more and more like a religious ritual. When I reflect that I am connected to thousands or millions of people across the world, I forget that I am seated in a solitary confine of my computer room. I admit it is a strange feeling, one that I really like to the extent that I forget the social pleasure I normally find socializing with people outside there. Sometimes I also get frightened that I am beginning to like my computer mediated communication (CMC) better than talking with most real people with whom I come into daily contact face to face. Though I find it sad to say, I have never enjoyed serious discussions before where people say what is in their heart. Social opportunities and even academic opportunities for such discussions are dwindling. Our culture has become more and more trivial and superficial. † Through CMC people can find intellectual stimulation. It is easily available and comfortable. But the human touch is more natural and more satisfying. We are social animals and we need to meet and chart. Intellectualism has its time just as social life also has its time. The other negative aspect of internet is privatization which was introduced by Marshall McLuhan. This theory states that as entertainment and information becomes readily available to people, they are less likely to seek them outside their homes. As that happens, social interaction is becoming less and less frequent. We can select the people to talk to and use special words and mode of communication. Soon we shall be out of touch with the real world where we have different type of people needing different types of communication. My entertainment, amusement, and even communication have become private rather than public. Family people have very little time for each other because they spend all that time on the net. The young ones are the most affected. During the day, they are out in school and their parents are out for work. When they come home they cannot meet either, because everybody is busy with internet. When will they talk or learn from the parents one would ask? All that they imitate are programs from the internet, some very weird indeed. As parents we might overlook and despise the experience we got through social interaction with our peer groups and communities while we were young. It taught us to be at peace with our environment. In this environment there is richness found in diversity. The diversity found in behavior and culture of its people. We come to be more informed that the world is made of both order and disorder and become equipped to handle both occurrences. That is how we have been molded to be strong and resilient. The world of internet is denying our children that freedom and experience. Children never play together at home and very little in school. Computer mediated communication CMC is a new phenomenon in the computer world. There are other technologies more commonly used such as e-mail and interactive chat on the internet. These modes of communication have both bad and good sides. They have made communication, fast, easy and affordable. The physical location of the people we communicate to is no longer a barrier. We talk to people anytime anywhere by a mere touch of a button. When we play with our peers and join social clubs we meet people and friends and that is healthy for our body and mind. We are able to do some exercise which our body needs to avoid aging. We use our bodies more than our minds. To conclude my analysis on the effects of the internet talking about pornographic ideologies is no new phenomena as it is one of the high condemned vices of the internet as it is being used in all ways. Income generating activities, a source of employment to others but highly exploitative and seriously abusive in all ways, it ranges from child pornography to adult pornography.

Movies Heros :: essays research papers

I have seen many films, episodes, and all time favorites throughout my life. Attitudes, styles, and feelings are carried out in each film. You learn to enjoy watching these characters assume their role and act in such a notorious way. Every character has his or her way of acting. For example, to be considered a hero in a film, you must be the underdog and be victorious. You can be in romance if you are confident, good-looking, and soft spoken. , you must be the underdog and be victorious. You can be in romance if you are confident, good-looking, and soft spoken. You can be the bully or the nerd. All of these internal and external appearances are all based on performance. Sylvester Stallone will forever be linked to the king of the ring. His little frame accompanied by his tremendous heart just inspired anyone who watched him. Every time you watch a Rocky movie, you feel like you can conquer the world. He used the same technique in some movies, such as, Rambo and Cobra. In Rambo, Stallone was a one-man wrecking crew that he also portrayed in Rocky. He would be sent on one-man missions to destroy the whole country. Throughout all of Stallones movies he has portrayed that love to be the hero. His upbringing, to his sweat filled workouts in the boxing rings of South Philadelphia, has turned him into our hero. He never talked trash he was just a pure fighter overcoming the odds. Harrison Ford is another actor who uses his special talents to be a hero. His Indiana Jones and Star Wars series have been some of the best selling movies of all time. In Indiana Jones, Ford uses intelligence and strength to always save a female or a whole community by himself. He would be called upon, or already be investigating a problem. Next thing you know he is fighting against the whole German Nazi army and coming out victorious. Star Wars was another great battle. This encounter was with a different set of people. He battles with Aliens from outer space. He receives help from another hero in this movie. It was his long time friend, Luke Skywalker, who helped him in this battle. After a long and hard battle they come out on top again. Most people consider Harrison Ford a hero. Believe it or not, there are some female heroes too! They portray heroes in a different way though.

Double Blind Randomized Controlled Trial

Double Blind Randomized Controlled Trial The controlled and randomized double blind trials refer to a situation in which a medicine investigator is not familiar with the nature of a drug. The term may also mean that a scientist does not realize that a drug is being tested maybe for certain diseases. Such medicines may be under surveillance, and they are only administered in a small prescribed amount in case of any side-effects. For a typical scientific research, the desires, expectations and beliefs can subconsciously influence, often, how people perceive things.In clinical research and preliminary psychology, these values are broadly recognized, thus explaining the rationale on why studies from subjects are regularly carried out under both blind and double blind situations. There is irresistible empirical support, which reveals that the expectation and attitude of experimenters can actually have a great impact on the result of experiments (Schulz & Grimes, 2002). In a situation invo lving single-blind experiments, an examiner is not able to distinguish between different samples of treatment.However, when human beings are concerned, such as in experimental psychology and medicine, double-blind events can be used to watch against the anticipation of both investigators and their subjects. For instance, in a double-blind clinical trial, tablets of drugs may be administered to patients. Neither patients nor researchers are conscious of such experiments, and the principal placebo effects typically take place during trials. At this stage, both physicians and patients consider a powerful new treatment is being tested.The static tablets are liable to work like the cure being considered, and can even provoke its distinctive consequences. Similarly, experimenter expectation effects are recognized in experimental psychology, and also turn up in researches on animal activities (Schulz & Grimes, 2002). In a captivating historical description, Schulz and Grimes (2002) have re vealed that blind evaluation first commenced towards the end of the 18th century as an instrument for fraud discovery mounted by influential typical scientists and doctors to dispute the alleged fantasies or charlatanism of exceptional drug.Some of the initial researches were made to assess mesmerism, and were strictly performed with blindfolds. The application of blind evaluation had been implemented by the 19th century by homeopaths, and by early 14th century, was regulated by psychical investigators and psychologists. However, in the 1930s, the capacity of blind methods merged with no-cure control group in medical tests was broadly acknowledged by a majority of health researchers, and just subsequent to World War II did blind tests in unsystematic controlled assessment became a typical and normative procedure.In medication and psychology, blind testing began as prevention against the unconventional, but its universal significance has been renowned for orthodox study; it has been internalized. While examiners in unorthodox medical and their incredulous columnists have been conscious of the likely impacts of anticipation and credence for over two hundred years, and conventional health explorers and psychologists for decades, this knowledge ha spread extensively throughout the scientific society.The beliefs and prospects in other experimenters in other branches of science seem to be ignored. There appears to be an implicit supposition that scientists in conventional grounds of study are resistant to the broad code that values, needs and prospects can control, frequently subconsciously, how we view and deduce things (Schulz & Grimes, 2002). This published report in the scientific literature evaluates how often blind measures were used in diverse branches of science.University science sectors were requested to explain whether obscure methodologies were trained or experimented upon. The outcome discloses that blind methodologies are seldom if ever accomplished or trained in any of the three sciences. The use of blind measures in various branches of science presents a gauge of the significance researchers in that area join to experimenter impacts.

Prospectus of bsrm steels limited Essay

Declarations and due diligence certificates Declaration about the responsibility of the Directors including the CEO of the Company in respect of the prospectus Consent of the Directors to Serve Declaration about filing of prospectus with the Registrar of Joint Stock Companies & Firms Due Diligence Certificate of Manger to the Issue Due Diligence Certificate of the Underwriter(s) Risk factors & management perceptions about the risks Capital structure Use of IPO proceeds Description of business Back ground of the project Important date Nature of business Principal products and services The Rolling Process Market for the BSRMS Products Relative contribution to income Associate subsidiary/related holding company Distribution of products/services Sources and availability of raw materials and principal suppliers Competitive condition of business Sources of and requirement for power, gas and water or any other utilities Customer providing 10% or more revenues Contract with principal customers and suppliers Material patents, trademarks, license or royalty agreements Number of employees (as per audited accounts) Capacity and current utilization of facility Description of property Financial Condition and Plan of Operation Internal and external sources of fund (as per audited accounts) Material commitment for capital expenditure Causes for material changes Seasonal aspect of the Company’s business Known trends, events or uncertainties Change in the assets of the Company used to pay off any liabilities Loan taken from holding/parent company or subsidiary company Loan given to holding/parent company or subsidiary company Future contractual liabilities Future capital expenditure VAT, income tax, customs duty or other tax liability Operating lease agreement Financial lease and other financial commitment Personnel related scheme Revaluation of assets Breakdown of issue expenses Auditors certificate regarding any allotment of shares to promoters or Sponsor shareholders for consideration other than in cash -5- Page No 7 7 10 11 11 11 11 12 12 13 15 15 15 15 15 15 16 16 17 17 17 17 17 18 18 18 18 19 19 19 19 20 20 20 20 20 20 21 21 21 21 21 21 21 21 21 21 22 22 Issuer Issue Managers  ¦  ¦  ¦ Alliance Financial Services Limited BSRM Steels Limited South Asia Capital Limited Item Transactions with subsidiary/holding company or associate companies Material information which is likely to have an impact Directors and officers Information regarding directorship Directors involvement in other organization Family relationship among directors and top five officers Short bio-data of the directors Credit information Bureau (CIB) report Description of senior executive and departmental heads Involvement of Directors and officers in certain legal proceedings Certain Relationships and Related Transactions Transaction with related parties Directors facilities Executive compensation Remuneration paid to top five salaried officers Aggregate amount of remuneration paid to directors and officers (as audited accounts) Remuneration paid to Director who was not an officer Future compensation to Director or officers Pay increase intention Options granted to Directors, officers and employees Transaction with the Directors and subscribers to the Memorandum Tangible assets per share Ownership of the Company’s securities Composition of Shareholders Share hold by Directors Shareholding structure 5% or more as on 30 April 2008 Securities owned by the officers Determination of offering price Market for the securities being offered Declaration about listing of shares with Stock Exchange Trading and settlement Description of Securities outstanding or being offered Dividend, voting, pre-emption rights Conversion and liquidation rights Dividend policy Other rights of shareholders Debt securities Lock-in on sponsors share Refund of subscription money Subscription by and refund to non-resident Bangladeshi (NRB) Availability of securities Offer Application for subscription Allotment Underwriting of shares Principal terms and conditions of underwriting agreement Underwriter’s right to represent in the Board of Directors of the Company Auditors report to the shareholders Audited Financial Statements Auditors report under section 135(1), Para 24(1) of part II of schedule III to Companies Act, 1994 Ratio Analysis Additional disclosures as required by Securities and Exchange Commission Credit rating report of BSRMS Application forms -6- Page No 23 23 23 23 24 25 26 26 27 27 27 27 28 28 28 28 28 28 28 29 29 29 29 29 29 30 30 30 30 31 31 31 31 31 31 32 32 32 36 36 36 36 37 38 38 38 38 39 40 54 55 57 59 76 Issuer Issue Managers  ¦  ¦  ¦ Alliance Financial Services Limited BSRM Steels Limited South Asia Capital Limited Disclosure in respect of issuance of security in Demat Form As per provision of the Depository Act, 1999 and regulations made there under, shares will only be issued in dematerialized condition. All transfer/transmission/splitting will take place in the Central Depository Bangladesh Ltd. (CDBL) system and any further issuance of shares (right/bonus) will be issued in dematerialized form only. Conditions under Section 2CC of the Securities and Exchange Ordinance, 1969 Part A 1. The company shall go for Initial Public Offer (IPO) for 20,00,000 ordinary shares of Taka 100 (taka one hundred) each at par worth Taka 20,00,00,000 (Taka twenty crore) only following the Securities and Exchange Commission (Public Issue) Rules, 2006, the Depository Act, 1999 and regulations made there under. 2. The abridged version of the prospectus, as approved by the Commission, shall be published by the issuer in four national daily newspapers (in two Bangla and two English), within 03 (three) working days of issuance of this letter. The issuer shall post the full prospectus vetted by the Securities and Exchange Commission in the issuer’s website and shall also put on the websites of the Commission, stock exchanges, and the issue managers within 03 (three) working days from the date of issuance of this letter which shall remain posted till the closure of the subscription list. The issuer shall submit to SEC, the stock exchanges and the issue managers a diskette containing the text of the vetted prospectus in â€Å"MS -Word† format. 3. Sufficient copies of prospectus shall be made available by the issuer so that any person requesting a copy may receive one. A notice shall be placed on the front of the application form distributed in connection with the offering, informing that interested persons are entitled to a prospectus, if they so desire, and that copies of prospectus may be obtained from the issuer and the issue managers. The subscription application shall indicate in bold type that no sale of securities shall be made, nor shall any money be taken from any person, in connection with such sale until twenty five days after the prospectus has been published. 4. The company shall submit 40 (forty) copies of the printed prospectus to the Securities and Exchange Commission for official record within 5 (Five) working days from the date of publication of the abridged version of the prospectus in the newspaper. 5. The issuer company and the issue managers shall ensure transmission of the prospectus, abridged version of the prospectus and relevant application forms for NRBs through e-mail, simultaneously with publication of the abridged version of the prospectus, to the Bangladesh Embassies and Missions abroad and shall also ensure sending of the printed copies of abridged version of the prospectus and application forms to the said Embassies and Missions within five working days of the publication date by express mail service (EMS) of the postal department. A compliance report shall be submitted in this respect to the SEC jointly by the issuer and the issue managers within two working days from the date of said dispatch of the prospectus & the forms. 6. The paper clipping of the published abridged version of the prospectus, as mentioned at condition 2 above, shall be submitted to the Commission within 24 hours of the publication thereof. 7. The company shall maintain separate bank account(s) for collecting proceeds of the Initial Public Offering and shall also open FC account(s) to deposit the application money of the Non-Resident Bangladeshis (NRBs) for IPO purpose, and shall incorporate full particulars of said FC account(s) in the prospectus. The company shall open the abovementioned accounts for IPO purpose; and close these accounts after refund of over-subscription. Non- Resident Bangladeshi (NRB) means Bangladeshi citizens staying abroad including all those who have dual citizenship (provided they have a valid Bangladeshi passport) or those, whose foreign passport bear a stamp from the concerned Bangladesh Embassy to the effect that no visa is required to travel to Bangladesh. 8. The issuer company shall apply to all the stock exchanges in Bangladesh for listing within 07(seven) working days from the date of issuance of this letter and shall simultaneously submit the vetted prospectus with all exhibits, as submitted to SEC, to the stock exchanges. 9. The following declaration shall be made by the company in the prospectus, namely: â€Å"Declaration about Listing of Shares with the Stock Exchange(s): None of the stock exchange(s), if for any reason, grants listing within 75 days from the closure of subscription, any allotment in terms of this prospectus shall be void and the company shall refund the subscription money within fifteen days from the date of refusal for listing by the stock exchanges, or from the date of expiry of the said 75 (seventy five) days, as the case may be. In case of non -refund of the subscription money within the aforesaid fifteen days, the company directors, in addition to the issuer company, shall be collectively and severally liable for refund of the subscription money, with interest at the rate of 2% (two percent) per month above the bank rate, to the subscribers concerned. -7- Issuer Issue Managers  ¦  ¦  ¦ Alliance Financial Services Limited BSRM Steels Limited South Asia Capital Limited The issue managers, in addition to the issuer company, shall ensure due compliance of the above mentioned conditions and shall submit compliance report thereon to the Commission within seven days of expiry of the aforesaid fifteen days time period allowed for refund of the subscription money. † 10. The subscription list shall be opened and the sale of securities commenced after 25 (twenty five) days of the publication of the abridged version of the prospectus and shall remain open for 5 (Five) consecutive banking days. 11. A non-resident Bangladeshi shall apply either directly by enclosing a foreign demand draft drawn on a bank payable at Dhaka, or through a nominee by paying out of foreign currency deposit account maintained in Bangladesh or in Taka, supported by foreign currency encashment certificate issued by the concerned bank, for the value of securities applied for through crossed bank cheque marking â€Å"Account Payee only†. The NRB applicants shall send applications to the issuer company within the closing date of the subscription so as to reach the same to the company by the closing date plus nine days. Applications received by the company after the above time period will not be considered for allotment purpose. 12. The company shall apply the spot buying rate (TT clean) in US Dollar, UK Pound Sterling and Euro of Sonali Bank, which shall be mentioned in the Prospectus, as prevailed on the date of opening of the subscription for the purpose of application of the NRBs and other non-Bangladeshi persons, where applicable. 13. The company and the issue managers shall ensure prompt collection/clearance of the foreign remittances of NRBs and other non-Bangladeshis, if applicable, for allotment of shares. 14. Upon completion of the period of subscription for securities the issuer and the issue managers shall jointly provide the Commission and the stock exchanges with the preliminary status of the subscription within 05 (five) working days, in respect of the following matters, namely: (a) Total number of securities for which subscription has been received; (b) Amount received from the subscription; and (c) Amount of commission paid to the banker to the issue. 15. The issuer and the issue managers shall jointly provide the Commission and the stock exchanges the list of valid and invalid applicants in 2 (two) CDs and final status of subscription to the Commission within 3 (three) weeks after the closure of the subscription along with bank statement (original), branch-wise subscription statement. The list of valid and invalid applicants shall be finalized after examination with the CDBL in respect of BO accounts and particulars thereof. 16. The IPO shall stand cancelled and the application money shall be refunded immediately (but not later than 5 (Five) weeks from the date of the subscription closure) if any of the following events occur: (a) Upon closing of the subscription list it is found that the total number of valid applications (in case of under subscription including the number of the underwriter) is less than the minimum requirement as specified in the listing regulations of the stock exchange(s) concerned; or (b) At least 50% of the IPO is not subscribed. 17. 10% of total public offering shall be reserved for non-resident Bangladeshi (NRB) and 10% for mutual funds and collective investment schemes registered with the Commission, and the remaining 80% shall be open for subscription by the general public. In case of under subscription under any of the 10% categories mentioned above, the unsubscribed portion shall be added to the general public category and, if after such addition, there is over subscription in the general public category, the issuer and the issue managers shall jointly conduct an open lottery of all the applicants added together. 18. All the applicants shall first be treated as applied for one minimum market lot of 50 shares worth Tk. 5000/-. If, on this basis, there is over subscription, then lottery shall be held amongst the applicants allocating one identification number for each application, irrespective of the application money. In case of over-subscription under any of the categories mentioned hereinabove, the issuer and the issue managers shall jointly conduct an open lottery of all the applications received under each category separately in presence of representatives from the issuer, the stock exchanges and the applicants, if there be any. 19. An applicant cannot submit more than two applications, one in his/her own name and another jointly with another person. In case an applicant makes more than two applications, all applications will be treated as invalid and will not be considered for allotment purpose. In addition, whole or part of application money may be forfeited by the Commission. -8- Issuer Issue Managers  ¦  ¦  ¦ Alliance Financial Services Limited BSRM Steels Limited South Asia Capital Limited 20. The primary shares allotted to an applicant through IPO may be forfeited by SEC, if the BO account of the said applicant is found closed at the time of allotment of shares. All IPO applicants are required to keep their BO accounts operational till allotment of IPO shares. 21. Lottery (if applicable) shall be held within 4 (four) weeks from closure of the subscription date. 22. The company shall issue share allotment letters to all successful applicants within 5 (five) weeks from the date of the subscription closing date. Within the same time, Refund to the unsuccessful applicants shall be made in the currency in which the value of securities was paid for by the applicants without any interest through Account Payee Cheque/ refund warrants with bank account number, bank’s name and Branch as indicated in the securities application forms payable at Dhaka/ Chittagong/ Khulna/ Rajshahi/ Barisal/ Sylhet/ Bogra, as the case may be subject to condition 19 above. Refund money of the unsuccessful applicants shall be credited directly to their respective bank accounts with in 5 (five) weeks from the date of the subscription closing, who have mentioned in the IPO application forms, bank account numbers with the bankers to the issue and other banks as disclosed in the prospectus. A compliance report in this regard shall be submitted to the Commission within 6(six) weeks from the date of closure of subscription. 23. The company shall furnish the List of Allotees to the Commission and the stock exchange(s) simultaneously in which the shares will be listed, within 24 (twenty four) hours of allotment. 24. In the event of under-subscription of the public offering, the unsubscribed portion of securities shall be taken up by the underwriter(s) (subject to para -16 above). The issuer must notify the underwriter to take up the underwritten shares within 10 (ten) days of the subscription closing date on full payment of the share money within 15(fifteen) days of the issuer’s notice. The underwriter shall not share any underwriting fee with the issue managers, other underwriters, issuer or the sponsor group. 25. All issued shares of the issuer at the time of according this consent shall be subject to a lock – in period of three years from the date of issuance of prospectus or commercial operation, whichever comes later: Provided that the persons, other than directors and those who hold 5% or more, who have subscribed to the shares of the company within immediately preceding two years of according consent, shall be subject to a lock -in period of one year from the date of issuance of prospectus or commercial operation, whichever comes later. 26. Either a Jumbo Share (one for each of the existing Sponsors/ Directors/ Shareholders) in respect of the shares already issued shall be issued covering together respective total holding, which shall contain the expiry date of lock-in period or Sponsors/Directors/Promoters/Shareholders’ shareholding shall be converted into demat form but shall be locked-in as per the condition at para-25 above. 27. In case of Jumbo Share Certificate issued to the existing Sponsors/ Directors/Shareholders, the said share certificates shall be kept under custody of a security custodian bank registered with SEC during the lock-in period. The name and branch of the bank shall be furnished to the Commission jointly by the issuer and the issue managers, along with a confirmation thereof from the custodian bank, within one week of listing of the shares with the stock exchange(s). 28. In case of dematerialization of shares held by the existing Sponsors/ Directors/Shareholders, the copy of dematerialization confirmation report generated by CDBL and attested by the managing director of the company along with lock-in confirmation shall be submitted to SEC within one week of listing of the shares with the stock exchange(s). 29. The company shall apply to the stock exchanges for listing within 7(seven) working days of issuance of this letter and shall simultaneously submit to the Commission attested copies of the application filed with the stock exchanges. 30. The company shall not declare any benefit other than cash dividend based on the financial statement for the period ended December 31, 2007. Part-B 1. The issue managers (i. e. , Alliance Financial Services Limited and South Asia Capital Limited) shall ensure that the abridged version of the prospectus and the full prospectus is published correctly and in strict conformity without any error/omission, as vetted by the Securities and Exchange Commission. 2. The issue managers shall carefully examine and compare the published abridged version of prospectus on the date of publication with the copy vetted by SEC. If any discrepancy/inconsistency is found, both the issuer and the issue managers shall jointly publish a corrigendum immediately in the same newspapers concerned, simultaneously endorsing copies thereof to SEC and the stock exchange(s) concerned, correcting the discrepancy/inconsistency as required under ‘Due Diligence Certificates’ provided with SEC. -9- Issuer Issue Managers  ¦  ¦  ¦ Alliance Financial Services Limited BSRM Steels Limited South Asia Capital Limited 3. Both the issuer company and the issue managers shall, immediately after publication of the prospectus and its abridged version, jointly inform the Commission in writing that the published prospectus and its abridged version are verbatim copies of the same as vetted by the Commission. 4. The fund collected through IPO shall not be utilized prior to listing with stock exchange and that utilization of the said fund shall be effected through banking channel, i. e. through account payee cheque, pay order or bank drafts etc. 5. The company shall furnish report to the Commission on utilization of IPO proceeds within 15 days of the closing of each quarter until such fund is fully utilized, as mentioned in the schedule contained in the prospectus, and in the event of any irregularity or inconsistency, the Commission may employ or engage any person, at issuer’s cost, to examine whether the issuer has utilized the proceeds for the purpose disclosed in the prospectus. 6. All transactions, excluding petty cash expenses, shall be effected through the company’s bank account(s). 7. Proceeds of the IPO shall not be used for any purpose other than those specified in the prospectus. Any deviation in this respect must have prior approval of the shareholders in the General Meeting under intimation to SEC and stock exchange(s). 8. The company shall remove the restrictive clauses regarding issuance & transfer of shares and grouping of shares from its Articles of Association. Part C 1. All the above conditions imposed under section 2CC of the Securities and Exchange Ordinance, 1969 shall be incorporated in the prospectus immediately after the page of the table of contents, with a reference in the table of contents, prior to its publication. 2. The Commission may impose further conditions/restrictions etc. from time to time as and when considered necessary, which shall also be binding upon the issuer company. Part D 1. As per provision of the Depository Act, 1999 and regulations made there under, shares will only be issued in dematerialized condition. All transfer/transmission/splitting will take place in the Central Depository Bangladesh Ltd. (CDBL) system and any further issuance of shares (including right/bonus) will be made in dematerialized form only. An applicant (including NRB) shall not be able to apply for allotment of shares without beneficial owner account (BO account). 2. The issue managers shall also ensure due compliance of all above. GENERAL INFORMATION Alliance Financial Services Limited (AFSL) and South Asia Capital Limited (SACL) have prepared the prospectus from information supplied by BSRM Steels Limited (the Issuer Company) and also after several discussions with the Chairman, Managing Director, Directors and concerned executives of the company. BSRM Steels Limited, Alliance Financial Services Limited and South Asia Capital Limited collectively and individually, having made all reasonable inquiries, confirm that to the best of their knowledge and belief, the information contained herein is true and correct in all material aspects and that there are no other material facts, the omission of which, would make any statement herein misleading. No person is authorized to give any information or to make any representation not contained in this Prospectus and if given or made, any such information and representation must not be relied upon as having been authorized by the company or Alliance Financial Services Limited and South Asia Capital Limited. The Issue as contemplated in this prospectus is made in Bangladesh and is subject to the exclusive jurisdiction of the Courts of Bangladesh. Forwarding this prospectus to any person resident outside Bangladesh in no way implies that the issue is made in accordance with the laws of that country or is subject to the jurisdiction of the laws of that country. A copy of this prospectus may be obtained from the Corporate Head Office of BSRM Steels Limited, Alliance Financial Services Limited, South Asia Capital Limited, the Underwriters and the Stock Exchanges where the securities will be traded. – 10 – Issuer Issue Managers  ¦  ¦  ¦ Alliance Financial Services Limited BSRM Steels Limited South Asia Capital Limited Declarations and Due Diligence Certificates Declaration about the Responsibility of the Directors, including the CEO of the Company â€Å"BSRM Steels Limited† in Respect of the Prospectus This prospectus has been prepared, seen and approved by us, and we, individually and collectively, accept full responsibility for the authenticity and accuracy of the statements made, information given in the prospectus, documents, financial statements, exhibits, annexes, papers submitted to the Commission in support thereof, and confirm, after making all reasonable inquiries that all conditions concerning this public issue and prospectus have been met and that there are no other information or documents the omission of which make any information or statements therein misleading for which the Commission may take any civil, criminal or administrative action against any or all of us as it may deem fit. We also confirm that full and fair disclosure has been made in this prospectus to enable the investors to make a well-informed decision f or investment. Sd/ Alihussain Akberali Chairman Sd/Zohair Taherali Director Sd/Aameir Alihussain Managing Director* Sd/Tehseen Zohair Taherali Director Sd/Sabeen Aameir Director Consent of the Directors to Serve We hereby agree that we have been serving as Directors of â€Å"BSRM Steels Limited† and confirm to continue to act as Directors of the Company. Sd/ Alihussain Akberali Chairman Sd/Zohair Taherali Director Sd/Aameir Alihussain Managing Director* Sd/Tehseen Zohair Taherali Director Sd/Sabeen Aameir Director * Mr. Aameir Alihussain is also a shareholder Director of the company. Declaration about filing of Prospectus with the Registrar of Joint Stock Companies & Firms A dated and signed copy of the Prospectus has been filed for registration with the Registrar of J

FORD Surname Meaning and Origin

FORD Surname Meaning and Origin The Ford surname is generally believed to have originated as  a name bestowed on someone who lived near a ford or river crossing, from the Old English ford, meaning pass or crossing. Ford may also have derived from English places named Ford, such as Ford in Northumberland, Ford in Somerset, Ford in Shropshire, Ford in West Sussex and Forde in Dorset.   According to the Dictionary of American Family Names, it is also possible that the use of the surname Ford arose in a particular family as an Anglicization of one of several Irish surnames, including  Mac Giolla na Naomh  (a personal name meaning servant of the saints)  and  Mac Conshmha (a personal name comprised of the elements con, meaning dog and  snmh, meaning to swim),  whose  final syllable  was once wrongly thought to be the Irish  th, meaning  ford, as well as  Ãƒâ€œ Fuar(th)in, meaning cold little ford, derived from fuar, meaning cold. Surname Origin: English Alternate Surname Spellings: FORDE, FFORDE, FOARD, FOORD Where in the World is the FORDSurname Found? While it originated in the Netherlands, the Ford  surname is now most prevalent in the United States, according to surname distribution data from Forebears. However, it is also somewhat common in Chile and Columbia. The name was more common in the United States during the 1880s than it is now, especially in the states of New York and New Jersey. The Ford  surname is now most common based on percentage in the U.S. states of Alaska, Arkansas, New Jersey, Illinois, and Connecticut, according to  WorldNames PublicProfiler.   Famous People with the Last Name FORD Gerald Ford - 38th president of the United StatesTennessee Ernie Ford -  American recording artist and television hostJohn Ford -  American  Academy Award-winning director, best known for WesternsGlenn Ford (Gwyllyn Samuel Newton Ford) - Canadian-born American actorHenry Ford -  American industrialist and  founder of the Ford Motor Company Genealogy Resources for the Surname FORD Ford Surname DNA ProjectOver 300 members have joined this DNA surname project which uses Y-DNA, mtDNA and autosomal DNA to piece together various Ford lines back to common ancestors. Common English Surnames: Meanings and OriginsLearn about the four types of English surnames, plus explore the meaning and origin of the 100 most common English last names. Ford Family Crest - Its Not What You ThinkContrary to what you may hear, there is no such thing as a Ford  family crest or coat of arms for the Ford surname.  Coats of arms are granted to individuals, not families, and may rightfully be used only by the uninterrupted male line descendants of the person to whom the coat of arms was originally granted. FamilySearch - FORD GenealogyExplore over 4 million  historical records and lineage-linked family trees posted for the Ford surname and its variations on the free FamilySearch website, hosted by the Church of Jesus Christ of Latter-day Saints. FORD  Surname Family Mailing ListsRootsWeb hosts several free mailing lists for researchers of the Ford  surname. DistantCousin.com - FORD Genealogy Family HistoryExplore free databases and genealogy links for the last name Ford. The Ford Genealogy and Family Tree PageBrowse genealogy records and links to genealogical and historical records for individuals with the popular last name Ford from the website of Genealogy Today.- References: Surname Meanings Origins Cottle, Basil.  Penguin Dictionary of Surnames. Baltimore, MD: Penguin Books, 1967. Dorward, David.  Scottish Surnames. Collins Celtic (Pocket edition), 1998. Fucilla, Joseph.  Our Italian Surnames. Genealogical Publishing Company, 2003. Hanks, Patrick and Flavia Hodges.  A Dictionary of Surnames. Oxford University Press, 1989. Hanks, Patrick.  Dictionary of American Family Names. Oxford University Press, 2003. Reaney, P.H.  A Dictionary of English Surnames. Oxford University Press, 1997. Smith, Elsdon C.  American Surnames. Genealogical Publishing Company, 1997. Back toGlossary of Surname Meanings Origins