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R.K,
J'.1,
!?
To\\
ER
RIIr
\((
Hatirpool, Dhaka-1205
:88-02-9635139
:88-02-8621575
Tel
Fax
E-mail : shirazklanbasak@yahoo.com
ALTDITORS'REPORT
TO THE SHARXHOLDERS OF DRdGON SWEATER & SPINNING LIMITED
u
e ha\e audited the accompanying financial sratements of Dragoo Sheater & Spitrning Limited,
comprise the statement offinancial position as at 3l't Decembei 2014, and the statement of
nhi.h
:r".i-it or loss and other comprehensive income, statemcnt of changes in equity and statement of
.,rrh llo\\ s fbr the year then ended and all related [otes of financial statements together with a
i":rmal-a ofsignificant accounting policies and other explanatorv notes.
rrdiror5' Rsponsibilit]
l}J r+onsibilit_v is to express an opinion on ihese financial statements based on our audit. We
:.rc].t d our audit in accordance with Bangladesh Standards on Auditing (BSA). Those standards
that !\e comply with ethical requirements and plan and peform the audit to obtain
=e\_.able assumnce whether the financial statements are free from material misstalement.
=-;.ji.
t 3u.lil involves performing procedures to oblain audit evidence about the amounts and
ii:i\ures in the financial statements of the company. The procedures selected depend on thc
.r!ii,.rs
judgment, including the assessment of the risks of material misstatement of the financial
*r:r_nlenls of the Company, whether due to fraud or error. ln making those isk assessments, we
:.aside6 intemal control relevant to the enti8,s preparation and fair prcsentation of the financial
$t menN of the Company in order to design audit procedures that are appropriate in the
:iaumiances. but not for the purpose of expressing an opinion on the elfectiveness ofthe entir)-,s
:Emal control. An audit also inoludes evaluating the appropriateness of accounting policies uscd
5J th. reasonableness of accounting estimatres made by management, as well as evaluating the
:\erill presentation ofthe financial statements ofthe company.
\tr 3
LElie\e thar ihe audit evidence we have obtained is suliicient and appropriate to provide a basis
tor our aud;t opinion.
OPINION
ln our opinion, the financial statements referred lo above give
a true and fair view ofthe financial
position of Dragon sweater & spinoing Limited
u, orir o."".u". zol+ aiid or it, rnan"iut
f:trolnance.:n1 cast Jlows for the year ended from 1 January 2014 to 3l December 2014 in
tsangladesh Financial Reporting Srandards, Bangladesh
Accounting Standards and
:1T,rC.:,1
compry \\rth the Companies Act. 1994- Securities and Exchange
-other
Rules l9g7 and
applicable
laws and regulations.
,",
(b)
(c)
registem,
(d)
us; and
(e)
Chartered Accountants
Taka
\oD-Current Assets
?:.Fen\. Plant & Equipment
604,77a,145
,4.061.029
9,109,549
t0-717.1t7
41,82',7,868
.:--xSible -{ssets
- ::r=l \\'orks-in-Progrcss
Current Assets
::on-Term ln\ estment in FDR
1,012,229,333
1,043,921,789
2t 5 ,7 38,69'7
6,13,662,483
21.431,607
158,854,936
-:.:rtories
3: . Receirable
roT.\L
612,600,624
20,1.386,632
10
38,794,057
190,641-226
ll
--l6rr3,E97 -lfl46-q93
ASSI TS
J.:=:t.i Eamings
i:i-.1i iLlr Re\ aluation
I,127 ,494,829
1,044,r25,563
12
13
318,6,10,820
,000,
201,153.222
14
208.8s4,009
239 .9',72.341
413,777,351
,157,625,658
LI {BILITIES
\ r,o{urrent Liabilities
:i I3rrn Loan \et ofCunent portion
( urrtnt Liabilities
: P:lable
:::-:::e: lor
l5
and Provision
83,557,771
16
Expenses
,10'7,
6,15 I .,13
1'1
15
18
-:
TOI.\I
13,
37.617,189
33,481,584
.,197,335,128
146,918,712
6.150.672
9,'7 8t ,249 .23
1t0,',726,617
19,690,173
601,571,370
1,624,829,957
1,648,699,934
14.79
18-63
17.40
26(a)
26(b)
11.zlt
Tte annexed nores form are an inregral pan ofthe Statement of IlinaDcial position.
llis
Managing Director
Chairman
is rhe Statement ofFinancial Position referred to in our separate report ofcven date_
\Fril 15.2015
Dhalia
,'-d,,---\")
AV,,
iralK iitsisak
& Co.
Chanered Accouniants
Cha.tered Accountants
Particulal3
Note
19
20
Sales
Gross Profit
Ope.ating Expenses
Operatitrg Income
Financial Expenses
:{et Operating Income
Non-Operating Income
\et Profit Before Cortribution to WppX.
\\ o.ker's Profir Participation Fund (WppF)
\et Profit Before Tax
T&\ Paid under Section 82 C
Provision for Taxation
Pmlit After Tax
Odrer Comprehensive Income
31
Share
Dec.20l4
Taka
31 Dec.2013
Trka
766,8t7,162
(558,661,531)
758,93r,300
(555,591,719)
20E,155,631
21
203139581
(60,490,312)
(60,s3'7,4',77)
22
147,665319
(59,899,991)
112,802,104
87,76532a
23
12,599,125
100,364,453
(59,r59,044)
E3,643,06r
9,254,934
92,897,99s
17.02
r00364,4s3
(4,866,099)
(6,415,691)
88,9r4,992
89,082,663
a\991,797
6,44',7,320
4,784,998
95,529,9A2
_E6!l!l2s
25.00
1.48
2.72
25.01
1.48
1.31
18.0r
18.01
24.00
(6.923.195)
The annexed notes form are an integral part ofthe Statement ofFinancial position.
T}rc fina[cia] statements approved and authorized for issue b1 rhe Board
April- 2015 and signed on behalfofthe Board:
Company Secretary
Managing Director
o[ Direcrors on l5th
ch
April
15, 2015
Dhaka
(:hattered Ac@untants
Ordinary
ParticulaIs
Brloce
as
Share
Crnit l
600,000,000
RevaluatioD
Surplus
239,912,343
Retained
Earnings
Total
204,153.222
1,044,125.565
(7,37s,719)
(4,784,ee8)
S.FTorrl
Riahqdon SurDlus realized (Annex-l
hofit for the year
ELtcc
600,000,000
)
rs at December3l,2014
239,972)43
(3 r,118,333)
600,000,000
208,E54,0r
191,992,505
3
(7,31s,719)
r,036,749,846
t,l I8,333
95,529,982
95,529.9a2
318,640,820
I,132219,829
lardutiro
Share
Capital
287,t60,000
JGI8 rt Ixcember
31,2013
Company Secrefary
Revaluation
Surplus
275,944,562
(3s ,972.219)
287,r 60,000
239,972)43
Total
194,244,208
757,318,770
35,9',72,219
86,776.795
86,776.795
316,993222
844,12s,565
(1 12-840.0001
I 12.840.000
200.000.000
600.000.000
Retained
Eamitrss
200-000-000
239.972343
204.153222
I-044.12S-565
\r
Managing Director
:\hn
:
-{pril 15.2015
: Dirala
"o,y&M...
Chadered Accountants
,A
({f(*,"):l)
3l
Particulars
Dec. 2013
Taka
(al
27
838,359,162
23
t2,599-t25
28
563,138.761
247,8t9,526
40,942,882
(s9,1s9,044)
22
(59,899,991)
(4,866,099)
223,053,436
678,865,655
q )54 A]l1
(t8,216,162)
C5l
(390,967)
(41,827,868)
32.087.580
1
6
(Annex-1)
(74,306,410
(404,41s)
,40q,,100
(22,813,814)
(rsl
\a
(116,9s7 ,729')
68,151,214
(84,010,605)
200,000,000
184,t40,609
31,789,290
143,110,633
I0
158,854.936
15,744,303
10
190,644,226
Crsl
begintring
\.r
(43,848,301)
(73,109,428)
at Closing
per
Opcnring Cash Flow
Share
]-E:dDe\ed
CoEpary Secretary
:
\pril
15.2015
s: Dhaka
3rr_-(0=o
29
ofthe Statement of
Managing Director
Cash
flow.
Chatlered Accountants
l.0r
t13
Tte p.incipal accounting policies have been consistently applied to all the years presented,
unless other wise stated. The specific Accounting policies selecled and applied by the
company's management for significant transactions and events that have a material effect
\\i$in the fiamework of Bangladesh Accounting Standard (BAS)-1 ..presentatjon of
Financial Statements" in preparation and presentation of.financial statements. Compared
lo the previous period, there were no significant changes in the accounting afld valuation
principles affecting the fiIlancial position and perfomance of the compafly. Accounting
and \aluation methods are disclosed for reasons ofclari6/.
Besis of Finatrcial Statements Preparatioit NDd presentationi
zil
-{ccoutrting Standard:
in
accordance with
&
Co.
Chartered Accountdnts
2.02
AccounlingConvention:
The financial statements are prcpared under the historical cost convention. The company
classified ihe expenses using the lunction ofexpenses method as per BAS-1.
2.03
Legal Compliatrce:
The financial statements have been prepared and the disclosures of infomation have been
made in accordance with the requirements of the Companies Act 1994, Thc Securities and
Exchange Rules,l987, BASS and BFRSS. On the basis of these regulations Bangladesh
Accounting Standards (BAS) & Bangladesh Fjnancial Reporting Standards (BFRS) were
applied at the date offinancial statements.
f_0{
aa5
:_r
Tle
ii)
Statement
ended
3l
as at 31
Decemler 2014;
December 2014;
iiij
i')
formation.
Chqrtered Accountants
Application of Standards:
The following BASs are applicable for the Ilnancial statements of the company for thc
period under audit:
Status
of
Ref. No.
BAS-I
BAS-2
BAS-7
Applicatiotr
Applicable
Appl cable
Aoolicable
BAS-8
Applicable
BAS-10
BAS-t 2
BAS-16
BAS-t 8
BAS-24
BA5-33
Applicable
Applicable
Applicable
Applicable
Applicable
Appl cable
Applicable
Applicable
Applicable
BAS-37
ApplicabJe
BAS-38
Applicable
Inventories
Statement ofCash Flows
Accounting Policies, Changes in Accounting
Estimates and Erors
Events After the Reporting Period
lncome Iaxes
Prcperty, Plant and Equipment
Benefirs_
Employee
The Etlects ofchanges in Foreign Exchange Rates
BAS-I9
BAS-21
BAS-2:}
Borro*ing Costs
Related ParO, Disclosure
Intangiblc Assets
Reporting Period:
The financial statement cove$ one calendar year from
0l
Date of Authorization:
The
Futrctionaland Prese0talion
Curretrcy:
April
20 I 5.
The Financial Statements are prepared and presented in Bangladesh Curency (Taka),
rhough the major sales and purchase activities were carried out in US Dollai. Ioreign
currencies are translated at the applicable mtes of exchanges ruling at that date. AII
Financial information presented has been rounded off to the nearest Taka except where
indicated otherwise
&
Co.
Chartered Accountants
2.11
ComparativelnformatioD:
Comparative information has been disclosed in respect ofthe year 2014 for all numerical
information in the fina[cial srafements and also narrative and descriptive information
*here it is relevant for unde$tanding ofthc cu(ent year,s financial statements.
Figures for the year 201,1 have been re-arranged wherever considered necessary to endure
better comparability widr the curent year.
:.12
Going Cotrcern:
It
rvas reviewed by the management; thcre were no significant going concem threats
available in the operation ofthe company.
3.00
SignificatrtAccorntingPolicies:
The accounting policies in respect ofmaterial items of financial statements have been set
oul belo\!:
-r-01
ReYetrueRecognitio[:
In compliaoce with the requiremelts of BAS 18: Revenue. revenue receipts lrom
.uilomers against sales is recognized when products are dispatched to customers, that is,
shen the significant risks and rewards of ownership have been transfarred to the buyer,
rscor ery ofthe consideration is probable, the associaled costs and possible retum ofgoods
.a.n be estimated rcliably, and there is no continuing management involvement with the
goods.
-rr:
ofVAT.
Borrowing Costs.
l0
Chartered Accountants
The company recognizes in the carrying amount of an item of proper6,-, plant and
equipment the cost of repiacing part of such an item when the coit is incuned. it is
probable that the furure economic benefits embodied rvith rhe item will flow to the
compaay and the cost ofthe item can be measurcd reliably. Expenditure incurred alter the
as-sets have been put into operation, such as rcpah and maintenance is normally charged
offas revenue expenditure in the year in which it is incuned. In situation wherc it can be
alearh demonstrated that the expenditure has resulted in ao increase in the future
ei:onomic knefi! expected to be obtained from the use of fixed assets, the expenditue is
.apitalized as an additional cost ofthe assets_ All other costs are charged to thi profit and
Ioss account as expenses if incuned. AII up-gradatior/e.hancement ; generally charged
.-iT as rc\enue expenditure unless they bdng similar significant additionaibenefits.
-rjlaa
Sofrs are:
]-CJE
OT Disposal of Fixed Assets, the cost and accumulated dep.eciation are eliminated and
!i!n or loss on such disposal is reflected in the Slatement of Comprehensive Income,
[hich is determined with reference to the net book value of the a;sets and net sales
!rs:.eds.
.l-E-
p-p.4.
Categoav
Rate
0%
Building
10%
15%
Generafor
15%
Boiler
l5%
Washing Machine
r5%
Weight Machine
15vr
Cleaning Machine
15v.
Tmnsformer
10v"
l0%
10%
Cookeries
20%
Air Compressor
Waaer & Gas Installation
Computer & Acaessories
Telephone & PABX
t0%
100/o
200/d
t00/o
Elecrric Installation
1,yo
Fire Fighting's
10%
C.C. Camera
20%
Motor Vehicles
150/.
Intangible assets comprise the value of computer software. Intangible assets acquired
sepamtely arc measured on iniaial recognition at cost and are carried at cost less
amo(;zation and impaiment losses ifany. Amortization is calculated using the Reducing
Balance Method at l5olo to write-offthe cost ofintangible assets.
3ll
valuatiodoflnvetrtory:
Inrentories are canied at the lower ofcost and net realizable value as prescribed by tAS 2:
lnrenrories- Cost is detemined on weighted average cost basis. Thi cost of inventories
.omprises of expenditue incurred in the normal course of business in bringing the
in\entories to their present location and condition. Net realizable value is based on
eSfimated selling price less any further costs expected to be incurred to make the sale.
]L
Fitratrciallnstruments:
A Financial instrument is any contract that gives dse to a financial asset ofone entiry and
a financial liability or equity ofanother entity.
3llrl
FiraDcisl Assetsi
Firancial assets of the company :nclude cash and cash equivalents, accounts receivable
and orher receivables
The company initially recognizes receivable on tbe date they are originated. All other
t-inancial assets are recognized initially on the date at which the companj, b."n-es a pany
tc the contractual provisions of the transaction. The company derecognizes a financial
as-ier \hen, and only when, the contractual rights of probabilities of receiving the cash
iloss from the asset expire ofit transfer the rights to receive the contractual casi flows on
the financial asset in a transaction in which substantially all the risk and rewards of
!1\\nership ofthe financial assets are transferred.
la) -{ccounts Receivable:
Bills receivables are recognized at cost or net realizable value from the ordinary course of
sales in the market whichever is 1o\\er. Bills receivables from foreign currcncy
E_ansactions are rccognized into Bangladeshi Taka using exchange rates prevailing on the
il(rsing date of rhe accounts in accordance with BAS-21: Ihe Effecti of Changes in
Frrreign Exchange Rates.
12
& Co.
Chartered AccountanT-s
.1..1.01
.3-lr:
Fioanciat Liabitity:
Financial liabilities are recognized initially on the transaction date at which the company
t:*omes a party to the contractual provisions ofrhe liability_ The company derecogniies i
tlltancial liabilify when its contractual obligations are discharged ofcanceGd or expire.
Financial liabilities include payable for expenses, liability for capital expenditure and
current liabilities.
irier
JIS
hpairmeDt:
r, fiDatrcial Assets:
\a...unts receivable and other receivables are assessed at each reporting date to determine
is any objective evidence of impairment. Financial assits are impaired if
It'iactire evidence indicates that a loss event has occured after the initial recognition of
$< assL and that the loss evenr hal a negative effect on thc estimated future casi flows o1
tril asset. rhar can be estimated reliably. Objective eyidence that financial asseas are
a hedler there
qill
byi
b, \oD-Fitrancial Assets:
.{n asser impaired when its carrying amount exceeds its recoverable amount. The company
.riiesses al each reportiflg date whether there is any indication that an u.."t may bi
ilrpairEd. If any such indicalion exists, the company estimates the recoverable amount of
the asset. The rccovemble amount ofan asset is the higher ofits fair value Iess
costs to sell
3nd i6 \alue in use- Carryi.g amount ofthe asset is riduced to its recoverable amount bv
r..!1$izing an impairment loss il and only if, the rccoverable amount ofthe asset is less
illan its. carrying amount. Impairment loss is recognizecl immediately in profit or loss.
unless lhe asset is canied at revalued amount. Any impaiment loss of a ievalued
asset
sh3ll be treated as a revaluation decrease.
l3
3.06
Provisions:
-{ provision is recognized in the statement of financial position when the oompany has a
lesal or constructive obligation as a result ofa past eveni, it is probable that an
outflow of
.conomic benefits will be required to settle the obligation and- a reliable estimate can be
made offie amount ofthe obligation. provision is ordinarily measured at the
best estimaie
of the e\pendifure required to settle the present obligation at the date of statement of
financial position. Where the effect of time value of money is mate al, the amount of
pror ision is measured at the presnt value ofthe expendituris expected to be
required to
senle fie obligation.
-f
Teration:
Income tari expense is recognized in profit and loss account and accounted for in
a.cordance with the requircments of BAS 12: Income Taxes
b) Curretrt Tax:
As per secaion 53BBBB ofthe Income Tax Ordinance 1984 tax has been deducted ar
tource from export proceeds @ 0.80% and the mte has been decreased to @ 0.30%
l'rom lst July 2014 and the deducted amount is feated as the fina] settlemenias final
discharge of income tax liabilify of the compa[y under the provision of section
8:(c).
c)
Ixferred Tar:
Deferred tax arises due to temporary difference deductible or taxable for the evenls
or tmnsaction which is recognized in the Statement of Comprehensive Income. A
remporary differcnce is the difference between the tax bases ofan asset or liabilitv
and its carrying amounvreported amount in the Statement of Financial positiori.
Deferred tax assets or liability is the amount ofincome tax.ecoverable or payable in
furure periods recognize<I in the cunent period. The income ofthe company is being
assessed and income tax @ 0.30% is deducted on the gross fumover oithe compan!
as its final tax Iiability. Thus there arises a permanenLdifference due to unavailability
oftemporary differences, unused tax losses and unused ta\ credits for the company.
Tierefore, no defer.ed tax policy has been adopted by the management during the
period.
.f,.4
Borrosing Costs:
Tlis
Borro$ ing costs relating to projects in commercial operation are recognizecl as expenses
in the )ear in which they are incuned. [n respect ofp;ojects that have ;ot yet commenced
.ommercial production, borowing costs are debited to capital work in progress.
t4
& Co.
Chartered Accountants
3.09
Employee Benefitsi
The.company taking initiative to maintain
cont.ibution plan for its eligible pe.manent
emplo)ees in comptiance wirh rhe provisions
oreaS iq, g;;;1.y""
i;;;.r"r".
;;;
;';#;irili
for;;;;;;;;;ffiffi;;
3-la
ih. bou"rnr"nr.
B{s
lIl
frnings
i-i-''
lE
!;;d;;;';;.#*'J",,ii,,..
[a,a..me_
2014:
t5
,W
rr"",,")':)
Shiraz
of B,{S 33: Eamings per Share. The logic behind rhis basis, as stared in the
said BAS is
thar rhe bonus sltares are issued to the existing shareholdcrs without
any consideratio., and
therefore, the numbcr ol shares outstalding is inc.eased without an
increase in resources
seneraling ne$, eamings.
Addition of Shares was l1ot taken place during the ycar. So the company does noi require
calculating weighted average number oaordin;ry shares.
-r.l
The inancial records of the company are mainlained and the financial statements
are
:rated in Bangladeshi Taka. Forcign cunencv tmnsactions are recorded at the
applicable
r3tei ofe\change ruling aa the transaction date.
The major.activities ofthe compan),.were carried out in USD but recorded
and reported in
B:nsladesh Taka as this is the reporting currency.
i:i
impofi activities were not subiect to anv exchange fluctuation. Onl), the
--rn-Lnbered ponion\ ot e\pl,rt bills uere subject to er.hange fluctuarion qhic-h ua,
:,ill lhrough Slalemcnr of ('omprchen.i\e lncome ot. the <nliry. lureign currenc)
:::rraction
thi t.ansaction
date.
:::
:-.r
i L-:
i :,':rrinsent assets is disclosed when it is a possible that assets arise from the past events
:-: !\ h.rse e\istence .will bc confirmed only b)/ the occunence or non_occurence 01.one
or
- :: un.ertain future events not wholly within the control ofthe entily.
r, :-'.:ingen! Iiabilit) is disclosed when
it is a possible obligarion that arises from the past
:!.::: 3nd \\hose cxistence will be confirmed only by the oicurence and
non_occurrence
:: r.. ... more uncertain future events not wholty within the control ofthe entity.
I!
i-ll
::rins.nt Liabiliries/Assets
-_...
l6
31 Dec, 2014
lrlplrt.r.
Taka
{a:iiin
Lor.trtd
r:IF..:-!
1,160,927,793
32.087,580
I,215,421,173
22,409.400
I)epreciation
Balance
l)on
6,164
64.485.403
653,761,567
s89,2',7
Value
___{!qq2!6
Taka
1,183,337,191
Irirt
31 Dec.2013
1,183;37,193
520,325,832
68,950,332
589,276,165
_:21,06!,028.a_
lEEiHc -{srts
.tr Cd \rlution
(pc*ms
B.rtance
lrah!
J.ring
lrl{.d
23,591,000
23,591,000
23,591,000
23,591,000
r2,873,883
10,982,627
1,607,568
I4,,181,451
1,891,256
12,873,883
10,717,117
rhe ) ear
-{mortization
&am'E B3ffre
&ri :-;ng .ie
] ear
9,109,549
(.lil
lf o.}s-in-Progress
Lmtui'E
tccrcr
30,287.406
B.riHing
1,513,260
Ec:,8
lG T:-:^--1.
894,265
256,875
8,876.062
41,827,868
Fi?
Lrlsr
hvestment in FDR
fDR \o,
t-l:'_,:,}{9t002
!-::r:,:,rjO0O05
t-:l:r1n501006
t-::1:':0501006
t- : :1:':r,qt6005
fL rtre
City
City
City
Citv
as lien
Bank Ltd.
Bank Lrd.
Bank Ltd.
Bank I rd
634,285
1,155,995
1.057.15 r
a<o
30.01(b & d)
30.01(d)
30.01(d)
30.01(c & d)
fui:DE \tr.rials
rri
1,057,151
693,590
462.395
1,625,032
h.i!:
l \lra.tals
A
1,157,057
1,155,995
PrN-ass
Ffi.$al Cr!\1i
17
't
40,038.124
t.062,619
/)t
_r-,340-65119,138,478
28,384,14,1
3,5
t2,812
4,551.1',t9
48,476,213
2r5,738,697
31 Dec.2011
Taka
9.01
ll
L--a
r<.r
353.952,365
219.827,021
15,1,036,854
__sEJ1e,38'
___!11{!2t!3
289,625,629
65.302,213
218,958,007
87,t53,567
21.0r9,r65
16,913,i09
,14.9r,541
59,93,{,691
+r.r
1r
Yril.r
__:2,r73J13
6,521,964
1,863,06r
3s4,036,8s.t
_i:ry5?i!!_
USD R,1.
Rereivable In
BT)T
'11_9s ts1.952,36s
s1.5.r0,762
____r1]jtqls
76.5l
$,1,5.10,762
Lnsi)
i47,:130.401
i54,036.854
6,521.964
t' I _-:" 1: . -:: : :cin nat.d al their nomi.al valu.. Bils receivable are accrucd
.:. .! ha\e been co.sidercd as good and.ealizable.
te r'c ::: -i':r::1 j!,si\enbeto\r:
319,173,193
4.86.1.061
142.189,169
1,12,t89,,169
n.666,889
87.353.567
21,039,165
21.039.16-{
36_911.509
36_91:r.509
59,914,691
59.9i4,69r
_.!_215t4,877
___l-z4,E9!i24
138,809,780
81,017.2,11
2$,421.021
!l]tl!,4a.L
181,.10:1,I75
10a,222,454
289.625.629
Prni.'r|,..
.. :: \ i_ r. ..J-\ der(d good in resDelr .I $t i.l. lhe
: -r -r Iu l) .eclred
-:.. ._- (. -on.rJered eJod .r ru,pecr ofuh,crE
. -- '') ]old. to_:!]!_g\1!4n ,he debrtr pe,-1,r
-..: rrhLe.onsidered doubftut.r h,d
::
un
,
\
--c:-,:
:r-.:.it.erof
! ...et!able
export
353.951.365
35,1.036,854
219.827 021
289.625 629
573.779347
613.662-1a3
the company
is siven
in Annexure_2 & 3.
18
3l
IlqEit
& Pre-payment :
10.01
Tax
0.02
10.01A
S.ldy ro Statr
AgaiEt E qe.ses
r0.01B
frFrrc Iosurance
frFtrE Fighings
tsE
31Dec.2013
Trkx
hane
Dec. 2014
Maiagement Fee
Trkr
38,344,057
450.000
3E 794,0s7
20,981,607
450,000
21,431,@7
5,836,637
8,s67,900
3,258,000
1,910,920
17,960,600
5,407,507
2,449,1_00
11,875,000
700.000 I m0
---rtla.osz --ro-JiiAi
-_250
5,272,731
464,sa'l
Iatr@SND
TrtmFDR
5,272,731
64,289
149,319
s,aE6,6J7
---33s6357
AlriE
Alirtl
&iBi
^!i!t
Cdrmercial Work
&iE
Test
Compliance Audit Fee
432,000
25,900
612,300
307,550
1,123,400
aCirt llb
IDB
250,000
150,000
50,000
450,000
DESA
-T&T
26,'760,090
11.0t
hd
163,884,136
---leodid
,644226
250,000
150,000
50.000
450.000
17,38s
158,837,5s1
riii<zn-l(
r5&E54,936
Bd
B-k
lit
hth
5.4a17.501
IrL(cDA/c)
Ltd. (FC A/c)
l(CD A/C)
Agriculturc Bank
19
144,277
64,519,161
35,t26,899
rG,8E4,136
104,566,369
158,837,5sr
19,144,277
*,.,*"',J
HH-',
l,=*,;:::;:.
31 Dec.20l4
3l
Tak,
Dec.2013
Taka
ffiffi
ffiffi
ffi
l
''*
l-r**ru**"*#,i;i;r
-' -,'""^
I .t- -',.,;;i,r':'"
i,i::,l;. i,:s:;:
:4t;;i
'liJir
,rlir: ,tt,,ii
I
..
ii:lJ
l#
I
";i''F,]
"
f=
11;r,6-
i*ffi
lffilm
iffiffi
iili
I ,.I-":'ri''"
::-:--.:r";'.""",*
#L#-#+;ffid
I
ll
li
l]
,". ,,
[- F:-:-r:".
I :-:.:i:.ifitiJ".'il":i:;;";,,_. ;J::,i",ji, ,:,,:." I
,
l:=
'-'ru{r 1r.11,:os I
#jH#
L-*-:"*i'*"*'n**"
I
#*H=*;;.*::,:, I
l=
-::-,-
-:.:.,3d1,.buildingsandplant&machineryon3lo"*,,n*r,Onll"-*lI
---@
t
!
__l!!{!i.ro,
EiM-alr;E;;l
l16
ll rel
5.t5476 5*2tt,61
5e,333:6 5r,r4q@
o7(e19t --ffia_
rTtmm'
--='Jr.'5&
#ffi
__@;
l,5l5,a?7
--=---t1w
f
113216
-
tM-rF
_ ---ffi-
],5]r,c5
1e211
77\M
.f3,llJ
_ _rc
_--i{j&
- a[5t-Ji ,rrF
14-759-71?)
molbtra|rwddEo,plrBequ].!o
--'{@:
trl
,t
I r"r.. ll r,r,
Dec.
I: ( mrglrr
ra
(59,159,044)
83.643.06r
-----TSrtJ0'r
--
Assets/Liabitiiies:
1
142.802,10,1
12. t
l._-:.!:008-2009.2009-20r0.2010-20u,20l12012.forthelaiesubmissio!ofrerummdfori;teresi.A
r" , :i :or id\alion amounring ro tt. 9,62j.346 has been crcated for rhe assesmem vee mcnrioned above An
a - :i 1. been creared d it is nol probabte rlat an ou tow of rcsorrces cmbodling cconomic b.ncnt;il bc
_*-:: :: i.nle ihcobtjgarion,
o. a sufficielrly reljablc esdmatcoflhe
12.766,97a
18.01
'
Dro\
inon
F eE for Trlation:
_: --a':!
3nounr provided on Busincss ed
io ts*@
-=! \'r-
26Joa.E6-
Nonilusincss inoome
as per
1.375.119
--fr,firsrr
-Iq;r9trxrr
Incone.rd Law.
before'rax:
..Frino
6,923,195
- 13396iit
100.164.'153
3.729
iE
i*
t9i
Busine(:
ri\
$ur(on
87,765.J2E
rk..1.866.or9ffiffi"tttem"nr
:]:--:. .:
G:,r,-'l.Jnm<Tdurdinaiceta8ldddn\p-ot,
.r(d\oe.Jd\mlcln.ometA ""per
Ei:,.r i .r j.e ro bc considercd rauble rncome unuer secrioo 32 a (ol or rN r;(om! Tr Ordiomc< 1984. As
|E r- r. li\ p(rhion hd arived as touoss:
48.660,990 4,866.099 .1.7i9,1.18
E:: r::.3 10%
19.104.318 1,910.43.1
1,729.395 172,910 1,171.459
*.a!= _.: :jss @ t()%
,1.341.203 . 434.i 20
@-:r
-ia 37.i%
525_5.17 197,080 168.506
@E :: !\t 3 37.5yo
4.002,981 l,50l.l18
241,082
d.drcrcd
dr
e\pori
birLs
reatizalion
1r,2E1,790
(,,,866,099)
6,921,195
6,4ts.691
i9 0l
6.92J.19s
758.9i I.300
75E,9.)
3l
Dec.2014
2.o'2,'01
\1exico, Chi1i.
225.901.80'
5,l5l.l83
197.28'l
I_I<
Brail. ltuliaio
I,300
Jl Dec.20l-l
l2l
601.fi1,202
609.075
16.78i.031
91.815.856
47?.88.1
16,s8.50,
776.557
9,987,.102
766,417,162
59.934.691
/uZat\
,r(
Dh",a
):
A,Vi
3l
Dec.201,1
3t Dec.20t3
Taka
Bu\er name
Items name
Pullover
31 st Dc 201,1
V Neck
548,510
2..2s1.200
West Coal
1,384,i70
liound Neck
HighNeck
Puilover with Hoo(
1,86s,82r
V Neck
Y Neck
A.firlo. {njuu)
Wesr Coat
Cardigan
r21.510
205.8',7',7
I5,713.r20
rf&ruli
1,926.078
548,512
r.548,521
t,284
41.006.757
121,885,539
.2,401,t65
20.01
3t2,121,793
118,s39,827
20.02
98,848,589
d11,573,382
4,551.179
416,121,561
412,789J80
].125.112
Round Ncck
High NecL
1n,6ttJ t
20.03
(Annexure-1)
8.00
- Closing
8.00
10,1,249,551
,146,511,822
s12,636,810
441,963,643
65,062,06s
62,055,299
569,081,007
48,4',r6.241
591,113,053
32,451.522
601,061,962
18,116.213
558,661,s1r
555,591,7r9
71,988,228
58,016,862
Cooiuned :
8.00
800
119,138,478
15.492,58',1
333,621,439
182,r85,7r8
152,762,917
4s7,678,30s
I r 9,1t8,178
1,10.038,121
312,721,793
lb-
8.00
(.r { t ?Id.<Dr,
!r. . -r:.-c: i:.:,r!-Opening
-J3i ::-: ,-e: j:,:,:.
9,555,470
6l
25,,110
8.00
t06,251,902
t12,419,761
'791.9',7',7
tD !"gE-.-.---d
r*:r.:g '.r-1-1. . 1..,.a,1
171,1',70,040
thtlrirls
Consumed
--f5Bsrr"s,
8.00
--!
R00
:,:: -: !::.:i
23
41,512.',791
81.659_9:16
23,231.764
124,587,585
121,232,733
117,822)50
28,384,144
98,818,589
10,1,249,553
43,512,791
3l Dec.2014
Taka
tl rfrcturitrg Overhesd :
iial & \\ ages
tr
F\a...!
[* lei
Snr: &
Lease Rent
Charges
Spares Consumed
30,692,707
18,935,13E
2,193,221
1,710,918
55,600
700,455
1,128,600
60,000
138,450
356,000
1,408.546
54,632
1,128,600
75,000
124,900
600,000
2,359,r 28
612,92s
145.620
3,305,806
1,540,81r
18,1,780
7r,98822E
Qrrrirg
Taka
t9.2.86,679
504,000
3,968,108
I,728,6s0
Dec.2013
33,362,220
567-780
ilEdi':al
3l
1,459.r25
70,628
3,621,455
r,538,611
1J1.200
65,062,065
Etpenses :
21.01
16,012,763
t3,334,174
2t.02
44,4',77.549
47.203,303
60,531,177
60,490,312
liii:lirrg E\penses
Treu1tri.n and Handling
aa!18
2,139,708
1,600,599
17,',700
Expenses
A \laintenance
R-.B.rion Expenses
ItrEdrEr E\penses
CiEr.r & liindling Charges
bs Eni.nainment
!-f Ctr::.r & Commission
fE-
1,626,000
I,647,r82
2,08r,450
2,141,261
1,899,866
2,392,500
469,500
1,020,830
r 78,900
725,800
D+a::fiL.n (Annexure,l)
24
1,538,874
20,000
1,700,500
82,750
1,r02,500
L\oelEas
2,520,678
52,500
1,665,i89
r,289,708
1,432,942
16,012,763
13,334,114
2r_02A
2\646292
40t3,322
1224,000
t92OO
326556
4,399,746
1.224,W
2602OO
281,365
1,374,246
21,000
42+E35
1,764.51',?
l!77;4E7
413,850
6t2,M4
1209,ffi
l,0Eq4oo
5l&620
665,EE7
2,878,000
21153.120
2,901,010
300,000
1,380,000
34E.124
23,000
425,000
1,380,000
295,752
424J50
95q750
411,600
190,130
5,15E,832
4u,600
299,500
6895,033
r,607J6E
____4,17151e
_____17203303
3,600
3,000
3,000
3,600
auddo.
Ooqtuy
2,4\n
3,5m
---------TErr
rt,7u
59.88&,266
----'nyjFFr
420d
4200
3,000
3,000
1,600
1,000
------7Im
16,435
59,114,ffi
-----grgr
5U,54',1
149,349
4002,981
642,E85
4.34t,203
3;129.395
3,43o,Elo
:::lr*FJrr@
9.01A
l6_0t
4,711,890
(78,06{)
------zlsw
klLE(EPs);
(ft-)
ltubd
of
&r.s.
tubay
89,082,553
Sb,uEs
Number of
tuin
outst
ldiry
60,000,000
dEing $e ys!
l.zl8
ry
the yar
frm
or-or,:mr:
o: r-rz-zor j
81,991,1n
30,193,E30
L72
llt
.]
De roll
GL)
89O82,663
60,0{0,000
olirndnE
A1,99t,797
60-000.000
l.{E
(NAD
r.r StrE
137
6m,000,000
318,640,820
208,854,m9
600,000,000
2M,153,222
239.yt2-31t
1,t27,494$29 U44,r2s563
60,0m.000
60.0{n 000
la,79
v)
vrl.
r7-lto
1,127,494,A29 \044,125,563
(9,809.549) t7l-967117\
r,lt7,6E5ra0 1p32,1.a,417
60,000.000 60-000.000
Ytc(NAY)
frr.
l&61
fm
Fi'd
FGiEr Cusromas
9.00
349,173,793
765-817,162
19.00
fioD
ftrigtr Culromrs
17-2n
201.6Tt,897
?58,931.300
9.00
289,625,A9
351,055,EE0
9_00
(219.827,021\
9.00
(347
(289,62s.629)
(319,171,793\
A30,4Ot)
88Jsqt62
67E
E6i655
(555,59r,7t9)
(2ts,738.697)
16.00
(558,661,531)
(204.386,632\
(6,612,@8)
8.00
215,Ta,697
137,439,749
6232,922
58,036,862
6,67LfiE
6\055299
21.m
(@.490312t
(60,531,477)
10.00
(38,794,057)
(21,431.6{yD
17.00
(9,781.2-49)
20_00
8_00
16.00
17.00
(5,841,53'
(I
1,534,699)
(3,983,003)
10.00
21,431,607
2,E45,836
17.00
6,151,431
9,18t249
1,607,568
1,891,256
6,448,540
(56,r.]&76r)
Itrr
Pcr
sirE (NoCFps)
223953.436
60,000,000
LE Oistanding(De"oninalor)
rhr! P.r shrE
thd
has
(l&216162)
60.000.000
____@30I
Lriod (BASro)
I dEr
(617,t77.7O7\
--j!2
26
ed
the (late
o.
which rhe
6rcid
Shird
01-01-2013 to 3l-12-2013
Quantit!
Quartitl in
2.100.869
2.100.a69
i Rrr
766.817.162
766.417.162
:. . '., :::
;-I
rl
1.853.469
2,633.039
3\
117.990
r1.:-::Coniumcd
sales and ctosins
stockoffinish soods:
Quantity (in
Qnantity
162.016
,. hnrul.rs
r04,682
I62 016
.18.'176.243
Quantity
32.'r51.522
:-_:
-rJ-
Quartity
779.5',10
lla. l]8.178
11,450_578
43,572,797
777.990
t3_450.57ri
25,t r l
r62.036
4.551.179
22.518
3.512.812
10.1.682
l:.151.522
8. S.hedule
r.
d\ u.der:
lt
l3l-62.1.'139
333.624,.119
83,659,936
417,2E4,.]75
83,659.936
48,848.58q
4r7,284J75
:ll1,573,382
758_931.100
2. r00,&r,r
r.969.095
.18.'r76.2,11
Quantity
'
7',19_511
_____-u!55,05! _____1J42JIL
li1.2U
180.390
t.841.610
2.222.000
basis
1.724,ri)l
r.10.038.t2,1
28.384.r4:l
!A^
2014
Ofiice Slr{T
nge
:-l-r95
95
I!l.
hi
,.,Ceacil}
Instrlld
CaDrcity
2.100.000
6,570,000
Crti.l
-:|=:
E-:
Erptrditu.e Cornmirmnr
2.100.869
5.253 378
79.960/0
,:':..::..:31 ad!isor
:r,-5-'
R-.4
579
519
432
CrF<irl Lrilization:
I,T
4i2
52
52
License Caprcity
II
Total Employee
Head Office
ri
of
Nrture of
Relation ship
:F...
-:+ial
S$eaterBD. Ltd.
S$ ea1e. BD Ltd_
Dec- 2014
31 Dcc.2013
118,80o,780
181,403,175
t,0r 7,24
219,827,021
28
3l
Tcql:
r08.222,451
Dr. or
Cr-
Relation ship
Transactions
during the
Ootstanding as
at
3lsl
December.20l4
Cr.
Management
Total:
r,180,000
115.000
I,380,000
r 1s.000
\o
provision for bad debts was made for relaled party transactions since rhe rransacrion are made
alnst contraci and are regular or realised fully in subsequent years.
Directors' Remunerat;on & Feer
Nature of
Relationship
Remunerarion
&
l'.rura
QLramrun Tania
Remuneration
Totat
&
TraDsactions Outstanding rs
at3lsa
Decnbcr.20l4
during th
Chairman
240,000.00
20,000.00
Managing
Director &
768,000.00
106.000.00
Director
(operation)
720,000.00
60,000.00
1.728-000 00
186.000.00
29
@
i
i
t
I
&
as
at
3l
December 201.r
SDinnitrs Lld.
Moslafa Quam.us Sobhar
Ltd.
Ltd.
Chainnan
CD
CD
Spinning Mills
Acrylic BD Ltd.
Director Remunerarion
&
iom
Perag
Ltd.
Perag
Director
Impe.ial
Lrd.
Ltd.
Ltd.
Director
tl,
st Januar) 20 I 4 to
3 I
st December 20 14.
Fees :
Director are entkled to Tk 600 as Board Meeting lee for attending each Board Meeting as pcr Artictes of
lssociarion. Managing Direcrols monthh remunerarion is Tk 22.000 and Chaiman,s remuneration js Tt
rr1.000.
Managing Dircctor
771.000
& Di.ector
i0
Position
Manasins Di.dtor
trducationrl
Chairman
M.Com
& rrirector
Ouanrun Tania
Shafia Sobhan
Djing
M.B,A
the year ended December 31,2014, the followings number ofmecrinss ofrhe audir commitree
5.ld \^ith the company's Senior Managemenr to co.sider and review the company's financial
sialernenrs
MeetinE
Dat of meetins
19
29 June'2014
25 November'2014
l
lltome Tax
March'2014
Assessment StatDs :
1999-2000
2000-2001
2001-2002
2002-2003
2001-2004
2004-2005
2006-2001
2007-2008
2008-2009
2009-2010
2010-20r r
2011-201?
2012-2013
2013-2014
2000,200t
200t -2002
2002-2003
2003-2004
2004-2005
2005-2006
2007-2008
2008-2009
-doAssessment ComDleted
2009,2010
-do-
2010-2011
201tto12
2012 2013
201:\-2011
2014-2015
Assessment
31
i! in Drocels
AnDeal
!jj
lc:
1-
;[r
.l::
!li:!l
Balance as on
Particulars
0l Additiotr duriLg
01-20I,t
the year
Realized during
the vear
Balance as on
3t-12-2014
65,302,2,13
225,90r,809
l,1e,0l4.582
142,18'),460
238,958.007
389,076,576
s,10.681,0 r6
87,3s1,s67
,{4,9r 3.5,13
46,78t.031
70,657,,108
Sub-Total:
349,173,7c2
,1,863,06r
354,036,E54
t,0lq,ro5
36,913,509
36,913,509
5q,q34.6o1
59.934.691
758,609,616
760J53,006
758,609,616
760,353,006
347,430,402
6,521.q04
3s3,9s2J66
Particulars
:-=::1
mE:-rl
-1
S\\ eater
(BD.) Ltd.
Balance as on
31-12-2011
81,,101, r 75
651,87q,084
6e7,472A7a
108,222,454
4s,631.223
72.842.436
81,017,241
Total:
289,625,629
700,516J07
770J14,91s
219,821,021
r\\e
1r8,809,780
inter Company *,ere created to procnre raw materials lor the companv and it is also
=*': -::rg e\ports orders on behalf of the companies under the cornmon ownership. Since, the
:rr \:.:ions among the companies are regular in nature anrl- thercfore, no prorision for bad debts is
33
":tr*Hitr"#t
Dragon Swe.ter & Spin ng Limitd
Schedrle of Bills P.yabl
L4nrGrur - 4
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